{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AAL_2015_page_115\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AAL_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[104.1,234.4,355.9,274.9],\"lines\":[{\"bbox\":[104.1,234.4,355.9,274.9],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[465.4,264.6,1991.5,351.6],\"lines\":[{\"bbox\":[465.4,264.6,1991.5,351.6],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC.\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC.\"},{\"bbox\":[109.2,400.4,150.8,439.6],\"lines\":[{\"bbox\":[109.2,400.4,150.8,439.6],\"text\":\"(4)\"}],\"order\":2,\"text\":\"(4)\"},{\"bbox\":[198.9,330.0,2339.4,476.3],\"lines\":[{\"bbox\":[198.9,330.0,2338.1,436.8],\"text\":\"The Plan allowed unsecured creditors receiving AAG Series A Preferred Stock a conversion discount of 3.5%. Accordingly, the Company recorded the\"},{\"bbox\":[200.2,398.5,1438.8,476.3],\"text\":\"fair value of such discount upon the confirmation of the Plan by the Bankruptcy Court.\"}],\"order\":3,\"text\":\"The Plan allowed unsecured creditors receiving AAG Series A Preferred Stock a conversion discount of 3.5%. Accordingly, the Company recorded the\\nfair value of such discount upon the confirmation of the Plan by the Bankruptcy Court.\"},{\"bbox\":[113.3,510.1,678.9,566.2],\"lines\":[{\"bbox\":[113.3,510.1,678.9,566.2],\"text\":\"3. Bankruptcy Settlement Obligations\"}],\"order\":4,\"text\":\"3. Bankruptcy Settlement Obligations\"},{\"bbox\":[159.9,512.1,2338.3,620.2],\"lines\":[{\"bbox\":[159.9,512.1,2338.3,620.2],\"text\":\"As of December 31, 2015 and 2014, the components of bankruptcy settlement obligations on the consolidated balance sheets are as follows (in millions):\"}],\"order\":5,\"text\":\"As of December 31, 2015 and 2014, the components of bankruptcy settlement obligations on the consolidated balance sheets are as follows (in millions):\"},{\"bbox\":[2124.5,590.6,2334.8,663.4],\"lines\":[{\"bbox\":[2153.5,591.6,2303.4,625.6],\"text\":\"December 31,\"},{\"bbox\":[2125.7,632.5,2179.2,663.4],\"text\":\"2015\"},{\"bbox\":[2281.2,627.5,2334.8,658.4],\"text\":\"2014\"}],\"order\":6,\"text\":\"December 31,\\n2015\\n2014\"},{\"bbox\":[119.8,717.2,561.8,858.9],\"lines\":[{\"bbox\":[119.8,717.2,558.9,769.3],\"text\":\"Single-Dip Equity Obligations\"},{\"bbox\":[121.2,760.7,520.7,811.5],\"text\":\"Labor-related deemed claim\"},{\"bbox\":[164.9,817.2,241.5,857.6],\"text\":\"Total\"}],\"order\":7,\"text\":\"Single-Dip Equity Obligations\\nLabor-related deemed claim\\nTotal\"},{\"bbox\":[2116.2,667.4,2192.6,794.7],\"lines\":[{\"bbox\":[2116.2,667.4,2189.8,707.7],\"text\":\"$147\"},{\"bbox\":[2154.4,706.9,2191.1,746.0],\"text\":\"46\"},{\"bbox\":[2119.0,754.4,2192.6,794.7],\"text\":\"$193\"}],\"order\":8,\"text\":\"$147\\n46\\n$193\"},{\"bbox\":[2271.8,662.3,2348.2,789.7],\"lines\":[{\"bbox\":[2271.8,662.3,2345.4,702.6],\"text\":\"$248\"},{\"bbox\":[2310.0,701.9,2346.7,741.0],\"text\":\"77\"},{\"bbox\":[2274.6,749.4,2348.2,789.7],\"text\":\"$325\"}],\"order\":9,\"text\":\"$248\\n77\\n$325\"},{\"bbox\":[125.4,833.2,2382.8,1378.5],\"lines\":[{\"bbox\":[170.3,833.2,2368.8,941.9],\"text\":\"The Single-Dip Equity Obligations, while outstanding, do not vote or participate in accordance with the terms of the Plan. These equity obligations,\"},{\"bbox\":[126.7,873.0,2362.2,982.9],\"text\":\"representing the amount of total Single-Dip Unsecured Claims not satisfied through the issuance of AAG Series A Preferred Stock at the Effective Date,\"},{\"bbox\":[128.0,912.4,2367.1,1022.5],\"text\":\"represented an unconditional obligation to transfer a variable number of shares of AAG Common Stock based predominantly on a fixed monetary amount\"},{\"bbox\":[129.3,952.1,2364.9,1062.0],\"text\":\"known at inception, and, as such, were not treated as equity, but rather as liabilities, until the 120th day after emergence, which was April 8, 2014. As of\"},{\"bbox\":[130.5,991.5,2371.4,1101.6],\"text\":\"April 8, 2014, the Company has issued shares of AAG Common Stock to satisfy the obligation amount at emergence, plus accrued dividends of 12% per\"},{\"bbox\":[131.8,1031.2,2369.4,1141.1],\"text\":\"annum, calculated daily, through such date, based on the volume weighted average price of the shares of AAG Common Stock, at a 3.5% discount, as\"},{\"bbox\":[133.1,1070.6,2374.0,1180.7],\"text\":\"specified in the Plan. The amount of the remaining Single-Dip Equity Obligations at December 31, 2015 is the Company’s estimate of its obligation for\"},{\"bbox\":[134.4,1110.2,2375.7,1220.2],\"text\":\"disputed claims of $147 million and is calculated based on the fair value of the shares expected to be issued, measured as if the obligations were settled using\"},{\"bbox\":[135.6,1149.8,2373.9,1259.8],\"text\":\"the closing price of AAG Common Stock at December 31, 2015. Additional allowed claims will receive 30.7553 shares, subject to reduction for expenses of\"},{\"bbox\":[136.9,1189.2,2379.0,1299.3],\"text\":\"the Disputed Claims Reserve, including tax liabilities, for each $1,000 of allowed claims. For accounting purposes, the value of the shares expected to be\"},{\"bbox\":[138.2,1229.0,2373.1,1338.9],\"text\":\"issued is marked-to-market each period until issued. Accordingly, changes in the value of AAG Common Stock could result in future increases and decreases\"},{\"bbox\":[139.5,1332.2,397.1,1378.5],\"text\":\"in this obligation.\"}],\"order\":10,\"text\":\"The Single-Dip Equity Obligations, while outstanding, do not vote or participate in accordance with the terms of the Plan. These equity obligations,\\nrepresenting the amount of total Single-Dip Unsecured Claims not satisfied through the issuance of AAG Series A Preferred Stock at the Effective Date,\\nrepresented an unconditional obligation to transfer a variable number of shares of AAG Common Stock based predominantly on a fixed monetary amount\\nknown at inception, and, as such, were not treated as equity, but rather as liabilities, until the 120th day after emergence, which was April 8, 2014. As of\\nApril 8, 2014, the Company has issued shares of AAG Common Stock to satisfy the obligation amount at emergence, plus accrued dividends of 12% per\\nannum, calculated daily, through such date, based on the volume weighted average price of the shares of AAG Common Stock, at a 3.5% discount, as\\nspecified in the Plan. The amount of the remaining Single-Dip Equity Obligations at December 31, 2015 is the Company’s estimate of its obligation for\\ndisputed claims of $147 million and is calculated based on the fair value of the shares expected to be issued, measured as if the obligations were settled using\\nthe closing price of AAG Common Stock at December 31, 2015. Additional allowed claims will receive 30.7553 shares, subject to reduction for expenses of\\nthe Disputed Claims Reserve, including tax liabilities, for each $1,000 of allowed claims. For accounting purposes, the value of the shares expected to be\\nissued is marked-to-market each period until issued. Accordingly, changes in the value of AAG Common Stock could result in future increases and decreases\\nin this obligation.\"},{\"bbox\":[141.7,1339.5,2396.0,1805.7],\"lines\":[{\"bbox\":[186.6,1339.7,2378.5,1448.2],\"text\":\"In exchange for employees’ contributions to the successful reorganization of the Company, including agreeing to reductions in pay and benefits, the\"},{\"bbox\":[143.0,1379.1,2385.1,1489.2],\"text\":\"Company agreed in the Plan to provide each employee group a deemed claim which was used to provide a distribution of a portion of the equity of the\"},{\"bbox\":[144.3,1418.7,2386.3,1528.8],\"text\":\"reorganized entity to those employees. Each employee group received a deemed claim amount based upon a fixed percentage of the distributions to be made\"},{\"bbox\":[145.6,1458.2,2388.4,1568.3],\"text\":\"to general unsecured claimholders. The fair value based on the expected number of shares to be distributed to satisfy this deemed claim, as adjusted, was\"},{\"bbox\":[146.8,1497.8,2388.2,1607.9],\"text\":\"approximately $1.5 billion. From the Effective Date through December 31, 2015, the Company has made distributions of $1.0 billion in AAG Common Stock\"},{\"bbox\":[148.1,1537.5,2386.8,1647.5],\"text\":\"and paid approximately $555 million in cash to cover payroll and other taxes related to the equity distributions. As of December 31, 2015, the liability to\"},{\"bbox\":[149.4,1576.9,2390.3,1687.0],\"text\":\"certain AMR labor groups and employees of $46 million represents the estimated fair value of the remaining shares expected to be issued in satisfaction of\"},{\"bbox\":[150.7,1616.5,2391.4,1726.6],\"text\":\"such obligation, measured as if the obligation were settled using the closing price of AAG Common Stock at December 31, 2015. For accounting purposes,\"},{\"bbox\":[151.9,1656.2,2388.7,1766.1],\"text\":\"the value of the remaining shares expected to be issued to satisfy the labor claim is marked-to-market each period until issued. Accordingly, changes in the\"},{\"bbox\":[153.2,1724.7,1489.4,1805.7],\"text\":\"value of AAG Common Stock could result in future increases and decreases in this obligation.\"}],\"order\":11,\"text\":\"In exchange for employees’ contributions to the successful reorganization of the Company, including agreeing to reductions in pay and benefits, the\\nCompany agreed in the Plan to provide each employee group a deemed claim which was used to provide a distribution of a portion of the equity of the\\nreorganized entity to those employees. Each employee group received a deemed claim amount based upon a fixed percentage of the distributions to be made\\nto general unsecured claimholders. The fair value based on the expected number of shares to be distributed to satisfy this deemed claim, as adjusted, was\\napproximately $1.5 billion. From the Effective Date through December 31, 2015, the Company has made distributions of $1.0 billion in AAG Common Stock\\nand paid approximately $555 million in cash to cover payroll and other taxes related to the equity distributions. As of December 31, 2015, the liability to\\ncertain AMR labor groups and employees of $46 million represents the estimated fair value of the remaining shares expected to be issued in satisfaction of\\nsuch obligation, measured as if the obligation were settled using the closing price of AAG Common Stock at December 31, 2015. For accounting purposes,\\nthe value of the remaining shares expected to be issued to satisfy the labor claim is marked-to-market each period until issued. Accordingly, changes in the\\nvalue of AAG Common Stock could result in future increases and decreases in this obligation.\"},{\"bbox\":[155.5,1767.0,2392.8,1916.4],\"lines\":[{\"bbox\":[200.3,1767.0,2391.6,1875.4],\"text\":\"On February 10, 2015 and July 14, 2015, approximately 0.8 million and 0.6 million shares, respectively, of AAG Common Stock held in the Disputed\"},{\"bbox\":[156.8,1848.5,1087.4,1916.4],\"text\":\"Claims Reserve were distributed to holders of allowed Single-Dip\"}],\"order\":12,\"text\":\"On February 10, 2015 and July 14, 2015, approximately 0.8 million and 0.6 million shares, respectively, of AAG Common Stock held in the Disputed\\nClaims Reserve were distributed to holders of allowed Single-Dip\"},{\"bbox\":[1252.2,1915.4,1307.4,1955.1],\"lines\":[{\"bbox\":[1252.2,1915.4,1307.4,1955.1],\"text\":\"115\"}],\"order\":13,\"text\":\"115\"}],\"doc\":\"fintabnet:AAL_2015\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC.\\n\\n(4)\\n\\nThe Plan allowed unsecured creditors receiving AAG Series A Preferred Stock a conversion discount of 3.5%. Accordingly, the Company recorded the\\nfair value of such discount upon the confirmation of the Plan by the Bankruptcy Court.\\n\\n3. Bankruptcy Settlement Obligations\\n\\nAs of December 31, 2015 and 2014, the components of bankruptcy settlement obligations on the consolidated balance sheets are as follows (in millions):\\n\\nDecember 31,\\n2015\\n2014\\n\\nSingle-Dip Equity Obligations\\nLabor-related deemed claim\\nTotal\\n\\n$147\\n46\\n$193\\n\\n$248\\n77\\n$325\\n\\nThe Single-Dip Equity Obligations, while outstanding, do not vote or participate in accordance with the terms of the Plan. These equity obligations,\\nrepresenting the amount of total Single-Dip Unsecured Claims not satisfied through the issuance of AAG Series A Preferred Stock at the Effective Date,\\nrepresented an unconditional obligation to transfer a variable number of shares of AAG Common Stock based predominantly on a fixed monetary amount\\nknown at inception, and, as such, were not treated as equity, but rather as liabilities, until the 120th day after emergence, which was April 8, 2014. As of\\nApril 8, 2014, the Company has issued shares of AAG Common Stock to satisfy the obligation amount at emergence, plus accrued dividends of 12% per\\nannum, calculated daily, through such date, based on the volume weighted average price of the shares of AAG Common Stock, at a 3.5% discount, as\\nspecified in the Plan. The amount of the remaining Single-Dip Equity Obligations at December 31, 2015 is the Company’s estimate of its obligation for\\ndisputed claims of $147 million and is calculated based on the fair value of the shares expected to be issued, measured as if the obligations were settled using\\nthe closing price of AAG Common Stock at December 31, 2015. Additional allowed claims will receive 30.7553 shares, subject to reduction for expenses of\\nthe Disputed Claims Reserve, including tax liabilities, for each $1,000 of allowed claims. For accounting purposes, the value of the shares expected to be\\nissued is marked-to-market each period until issued. Accordingly, changes in the value of AAG Common Stock could result in future increases and decreases\\nin this obligation.\\n\\nIn exchange for employees’ contributions to the successful reorganization of the Company, including agreeing to reductions in pay and benefits, the\\nCompany agreed in the Plan to provide each employee group a deemed claim which was used to provide a distribution of a portion of the equity of the\\nreorganized entity to those employees. Each employee group received a deemed claim amount based upon a fixed percentage of the distributions to be made\\nto general unsecured claimholders. The fair value based on the expected number of shares to be distributed to satisfy this deemed claim, as adjusted, was\\napproximately $1.5 billion. From the Effective Date through December 31, 2015, the Company has made distributions of $1.0 billion in AAG Common Stock\\nand paid approximately $555 million in cash to cover payroll and other taxes related to the equity distributions. As of December 31, 2015, the liability to\\ncertain AMR labor groups and employees of $46 million represents the estimated fair value of the remaining shares expected to be issued in satisfaction of\\nsuch obligation, measured as if the obligation were settled using the closing price of AAG Common Stock at December 31, 2015. For accounting purposes,\\nthe value of the remaining shares expected to be issued to satisfy the labor claim is marked-to-market each period until issued. Accordingly, changes in the\\nvalue of AAG Common Stock could result in future increases and decreases in this obligation.\\n\\nOn February 10, 2015 and July 14, 2015, approximately 0.8 million and 0.6 million shares, respectively, of AAG Common Stock held in the Disputed\\nClaims Reserve were distributed to holders of allowed Single-Dip\\n\\n115\",\"name\":\"fintabnet.AAL_2015_page_115__300dpi_heavy\",\"page_id\":\"fintabnet.AAL_2015_page_115\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":1.844,\"source\":\"fintabnet\",\"source_id\":\"AAL_2015_page_115\",\"stack\":[{\"deg\":1.844,\"op\":\"skew\"},{\"amp\":0.321,\"angle\":51.0,\"blob\":0.725,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":4.718,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.088},{\"gain\":0.552,\"op\":\"contrast\"},{\"offset\":-0.003,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[117.6,590.3,2348.4,858.9],\"block_orders\":[6,7,8,9],\"cells\":null},{\"bbox\":[117.6,590.3,2348.4,858.9],\"block_orders\":[6,7,8,9],\"cells\":null}],\"text\":\"Table of Contents\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC.\\n\\n(4)\\n\\nThe Plan allowed unsecured creditors receiving AAG Series A Preferred Stock a conversion discount of 3.5%. Accordingly, the Company recorded the\\nfair value of such discount upon the confirmation of the Plan by the Bankruptcy Court.\\n\\n3. Bankruptcy Settlement Obligations\\n\\nAs of December 31, 2015 and 2014, the components of bankruptcy settlement obligations on the consolidated balance sheets are as follows (in millions):\\n\\nDecember 31,\\n2015\\n2014\\n\\nSingle-Dip Equity Obligations\\nLabor-related deemed claim\\nTotal\\n\\n$147\\n46\\n$193\\n\\n$248\\n77\\n$325\\n\\nThe Single-Dip Equity Obligations, while outstanding, do not vote or participate in accordance with the terms of the Plan. These equity obligations,\\nrepresenting the amount of total Single-Dip Unsecured Claims not satisfied through the issuance of AAG Series A Preferred Stock at the Effective Date,\\nrepresented an unconditional obligation to transfer a variable number of shares of AAG Common Stock based predominantly on a fixed monetary amount\\nknown at inception, and, as such, were not treated as equity, but rather as liabilities, until the 120th day after emergence, which was April 8, 2014. As of\\nApril 8, 2014, the Company has issued shares of AAG Common Stock to satisfy the obligation amount at emergence, plus accrued dividends of 12% per\\nannum, calculated daily, through such date, based on the volume weighted average price of the shares of AAG Common Stock, at a 3.5% discount, as\\nspecified in the Plan. The amount of the remaining Single-Dip Equity Obligations at December 31, 2015 is the Company’s estimate of its obligation for\\ndisputed claims of $147 million and is calculated based on the fair value of the shares expected to be issued, measured as if the obligations were settled using\\nthe closing price of AAG Common Stock at December 31, 2015. Additional allowed claims will receive 30.7553 shares, subject to reduction for expenses of\\nthe Disputed Claims Reserve, including tax liabilities, for each $1,000 of allowed claims. For accounting purposes, the value of the shares expected to be\\nissued is marked-to-market each period until issued. Accordingly, changes in the value of AAG Common Stock could result in future increases and decreases\\nin this obligation.\\n\\nIn exchange for employees’ contributions to the successful reorganization of the Company, including agreeing to reductions in pay and benefits, the\\nCompany agreed in the Plan to provide each employee group a deemed claim which was used to provide a distribution of a portion of the equity of the\\nreorganized entity to those employees. Each employee group received a deemed claim amount based upon a fixed percentage of the distributions to be made\\nto general unsecured claimholders. The fair value based on the expected number of shares to be distributed to satisfy this deemed claim, as adjusted, was\\napproximately $1.5 billion. From the Effective Date through December 31, 2015, the Company has made distributions of $1.0 billion in AAG Common Stock\\nand paid approximately $555 million in cash to cover payroll and other taxes related to the equity distributions. As of December 31, 2015, the liability to\\ncertain AMR labor groups and employees of $46 million represents the estimated fair value of the remaining shares expected to be issued in satisfaction of\\nsuch obligation, measured as if the obligation were settled using the closing price of AAG Common Stock at December 31, 2015. For accounting purposes,\\nthe value of the remaining shares expected to be issued to satisfy the labor claim is marked-to-market each period until issued. Accordingly, changes in the\\nvalue of AAG Common Stock could result in future increases and decreases in this obligation.\\n\\nOn February 10, 2015 and July 14, 2015, approximately 0.8 million and 0.6 million shares, respectively, of AAG Common Stock held in the Disputed\\nClaims Reserve were distributed to holders of allowed Single-Dip\\n\\n115\"},\"name\":\"fintabnet.AAL_2015_page_115__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":95978,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:AAL_2015\",\"dpi\":300,\"gt_sha256\":\"22a07d87887cd8e15b9b728f95186a154c024f8e3c518717b44cdb525f20da5b\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AAL_2015_page_115__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.AAL_2015_page_115\",\"pdf_sha256\":\"d977627b004a8ce2b72a0a8552b805ab573a322f6687691c81e2b58333dd88a4\",\"px\":[2550,3300],\"scan\":{\"render\":\"00005ff07f8060067ffe7ffe7ffe7ffe7ffe4000000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"AAL_2015_page_115\",\"src\":{\"file_sha256\":\"6fe9a4d5cfe99f1f96d6093c6d641c0210d28e3dec5b23796266e62fed66b8b4\",\"render\":\"00007ff87f8070067ffe7ffe7ffe7ffe7ffe0000000000000000000000000000\",\"text\":\"a68d1e1c1a22afd20ef0825f2273a7929938b53962b21ecaaf3bf0cfba8d7608\"},\"stack\":[{\"deg\":1.844,\"op\":\"skew\"},{\"amp\":0.321,\"angle\":51.0,\"blob\":0.725,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":4.718,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.088},{\"gain\":0.552,\"op\":\"contrast\"},{\"offset\":-0.003,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"d977627b004a8ce2b72a0a8552b805ab573a322f6687691c81e2b58333dd88a4\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/d977627b004a8ce2b72a0a8552b805ab573a322f6687691c81e2b58333dd88a4.pdf","asset_sha256":"d977627b004a8ce2b72a0a8552b805ab573a322f6687691c81e2b58333dd88a4","document_id":"fintabnet:AAL_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AAL_2015_page_115\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AAL_2015_page_207\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AAL_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[50.0,68.5,133.6,79.3],\"lines\":[{\"bbox\":[50.0,68.5,133.6,79.3],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[189.8,96.1,657.9,108.8],\"lines\":[{\"bbox\":[189.8,96.1,657.9,108.8],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES, INC.\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES, INC.\"},{\"bbox\":[65.0,121.6,135.7,134.3],\"lines\":[{\"bbox\":[65.0,121.6,135.7,134.3],\"text\":\"(a) Credit Risk\"}],\"order\":2,\"text\":\"(a) Credit Risk\"},{\"bbox\":[50.0,140.1,796.3,192.3],\"lines\":[{\"bbox\":[65.0,140.1,795.3,152.7],\"text\":\"Most of American’s receivables relate to tickets sold to individual passengers through the use of major credit cards or to tickets sold by other airlines and\"},{\"bbox\":[50.0,153.3,796.2,165.9],\"text\":\"used by passengers on American. These receivables are short-term, mostly being settled within seven days after sale. Bad debt losses, which have been\"},{\"bbox\":[50.0,166.5,796.3,179.1],\"text\":\"minimal in the past, have been considered in establishing allowances for doubtful accounts. American does not believe it is subject to any significant\"},{\"bbox\":[50.0,179.7,181.2,192.3],\"text\":\"concentration of credit risk.\"}],\"order\":3,\"text\":\"Most of American’s receivables relate to tickets sold to individual passengers through the use of major credit cards or to tickets sold by other airlines and\\nused by passengers on American. These receivables are short-term, mostly being settled within seven days after sale. Bad debt losses, which have been\\nminimal in the past, have been considered in establishing allowances for doubtful accounts. American does not believe it is subject to any significant\\nconcentration of credit risk.\"},{\"bbox\":[65.0,208.7,167.4,221.3],\"lines\":[{\"bbox\":[65.0,208.7,167.4,221.3],\"text\":\"(b) Interest Rate Risk\"}],\"order\":4,\"text\":\"(b) Interest Rate Risk\"},{\"bbox\":[50.0,227.1,797.1,279.4],\"lines\":[{\"bbox\":[65.0,227.1,797.1,239.8],\"text\":\"American has exposure to market risk associated with changes in interest rates related primarily to its variable rate debt obligations. Interest rates on $7.8\"},{\"bbox\":[50.0,240.3,797.1,253.0],\"text\":\"billion principal amount of long-term debt as of December 31, 2015 are subject to adjustment to reflect changes in floating interest rates. The weighted\"},{\"bbox\":[50.0,253.5,794.7,266.2],\"text\":\"average effective interest rate on American’s variable rate debt was 2.93% at December 31, 2015. American does not currently have an interest rate hedge\"},{\"bbox\":[50.0,266.7,92.4,279.4],\"text\":\"program.\"}],\"order\":5,\"text\":\"American has exposure to market risk associated with changes in interest rates related primarily to its variable rate debt obligations. Interest rates on $7.8\\nbillion principal amount of long-term debt as of December 31, 2015 are subject to adjustment to reflect changes in floating interest rates. The weighted\\naverage effective interest rate on American’s variable rate debt was 2.93% at December 31, 2015. American does not currently have an interest rate hedge\\nprogram.\"},{\"bbox\":[65.0,295.7,191.1,308.4],\"lines\":[{\"bbox\":[65.0,295.7,191.1,308.4],\"text\":\"(c) Foreign Currency Risk\"}],\"order\":6,\"text\":\"(c) Foreign Currency Risk\"},{\"bbox\":[50.0,314.2,797.3,379.6],\"lines\":[{\"bbox\":[65.0,314.2,797.1,326.9],\"text\":\"American is exposed to the effect of foreign exchange rate fluctuations on the U.S. dollar value of foreign currency-denominated operating revenues and\"},{\"bbox\":[50.0,327.4,794.5,340.1],\"text\":\"expenses. American’s largest exposure comes from the British pound, Euro, Canadian dollar and various Latin American currencies, primarily the Brazilian\"},{\"bbox\":[50.0,340.6,796.2,353.3],\"text\":\"real. American does not currently have a foreign currency hedge program. See Part I, Item 1A. Risk Factors – “We operate a global business with\"},{\"bbox\":[50.0,353.8,797.3,366.5],\"text\":\"international operations that are subject to economic and political instability and have been, and in the future may continue to be, adversely affected by\"},{\"bbox\":[50.0,367.0,587.6,379.6],\"text\":\"numerous events, circumstances or government actions beyond our control” for unaudited additional discussion.\"}],\"order\":7,\"text\":\"American is exposed to the effect of foreign exchange rate fluctuations on the U.S. dollar value of foreign currency-denominated operating revenues and\\nexpenses. American’s largest exposure comes from the British pound, Euro, Canadian dollar and various Latin American currencies, primarily the Brazilian\\nreal. American does not currently have a foreign currency hedge program. See Part I, Item 1A. Risk Factors – “We operate a global business with\\ninternational operations that are subject to economic and political instability and have been, and in the future may continue to be, adversely affected by\\nnumerous events, circumstances or government actions beyond our control” for unaudited additional discussion.\"},{\"bbox\":[50.0,396.0,281.3,408.7],\"lines\":[{\"bbox\":[50.0,396.0,281.3,408.7],\"text\":\"10. Investments and Fair Value Measurements\"}],\"order\":8,\"text\":\"10. Investments and Fair Value Measurements\"},{\"bbox\":[65.0,414.5,319.1,427.1],\"lines\":[{\"bbox\":[65.0,414.5,319.1,427.1],\"text\":\"Assets Measured at Fair Value on a Recurring Basis\"}],\"order\":9,\"text\":\"Assets Measured at Fair Value on a Recurring Basis\"},{\"bbox\":[50.0,432.9,797.8,485.2],\"lines\":[{\"bbox\":[65.0,432.9,797.1,445.6],\"text\":\"American utilizes the market approach to measure fair value for its financial assets. The market approach uses prices and other relevant information\"},{\"bbox\":[50.0,446.1,796.1,458.8],\"text\":\"generated by market transactions involving identical or comparable assets. American’s short-term investments classified as Level 2 primarily utilize broker\"},{\"bbox\":[50.0,459.3,797.8,472.0],\"text\":\"quotes in a non-active market for valuation of these securities. No changes in valuation techniques or inputs occurred during the year ended December 31,\"},{\"bbox\":[50.0,472.5,77.5,485.2],\"text\":\"2015.\"}],\"order\":10,\"text\":\"American utilizes the market approach to measure fair value for its financial assets. The market approach uses prices and other relevant information\\ngenerated by market transactions involving identical or comparable assets. American’s short-term investments classified as Level 2 primarily utilize broker\\nquotes in a non-active market for valuation of these securities. No changes in valuation techniques or inputs occurred during the year ended December 31,\\n2015.\"},{\"bbox\":[65.0,496.3,469.2,508.9],\"lines\":[{\"bbox\":[65.0,496.3,469.2,508.9],\"text\":\"Assets measured at fair value on a recurring basis are summarized below (in millions):\"}],\"order\":11,\"text\":\"Assets measured at fair value on a recurring basis are summarized below (in millions):\"},{\"bbox\":[489.7,534.7,509.8,544.4],\"lines\":[{\"bbox\":[489.7,534.7,509.8,544.4],\"text\":\"Total\"}],\"order\":12,\"text\":\"Total\"},{\"bbox\":[50.0,545.5,290.1,611.0],\"lines\":[{\"bbox\":[50.0,545.5,197.4,558.2],\"text\":\"Short-term investments (1), (2):\"},{\"bbox\":[64.1,558.7,162.6,571.4],\"text\":\"Money market funds\"},{\"bbox\":[64.1,571.9,219.8,584.6],\"text\":\"Government agency investments\"},{\"bbox\":[64.1,585.1,168.7,597.8],\"text\":\"Corporate obligations\"},{\"bbox\":[64.1,598.3,290.1,611.0],\"text\":\"Bank notes/certificates of deposit/time deposits\"}],\"order\":13,\"text\":\"Short-term investments (1), (2):\\nMoney market funds\\nGovernment agency investments\\nCorporate obligations\\nBank notes/certificates of deposit/time deposits\"},{\"bbox\":[479.2,558.7,520.0,655.8],\"lines\":[{\"bbox\":[479.2,558.7,520.0,571.4],\"text\":\"$ 1,008\"},{\"bbox\":[514.4,571.9,520.0,584.6],\"text\":\"1\"},{\"bbox\":[493.3,585.1,520.0,597.8],\"text\":\"2,191\"},{\"bbox\":[493.3,598.3,520.0,611.0],\"text\":\"2,662\"},{\"bbox\":[493.3,614.1,520.0,626.8],\"text\":\"5,862\"},{\"bbox\":[502.1,627.3,520.0,640.0],\"text\":\"695\"},{\"bbox\":[479.2,643.1,520.0,655.8],\"text\":\"$ 6,557\"}],\"order\":14,\"text\":\"$ 1,008\\n1\\n2,191\\n2,662\\n5,862\\n695\\n$ 6,557\"},{\"bbox\":[50.0,627.3,269.3,655.8],\"lines\":[{\"bbox\":[50.0,627.3,269.3,640.0],\"text\":\"Restricted cash and short-term investments (1)\"},{\"bbox\":[50.0,643.1,75.1,655.8],\"text\":\"Total\"}],\"order\":15,\"text\":\"Restricted cash and short-term investments (1)\\nTotal\"},{\"bbox\":[50.0,669.5,63.4,682.2],\"lines\":[{\"bbox\":[50.0,669.5,63.4,682.2],\"text\":\"(1)\"}],\"order\":16,\"text\":\"(1)\"},{\"bbox\":[540.8,522.4,730.7,544.4],\"lines\":[{\"bbox\":[540.8,522.4,730.7,532.1],\"text\":\"Fair Value Measurements as of December 31, 2015\"},{\"bbox\":[573.3,534.7,600.5,544.4],\"text\":\"Level 1\"},{\"bbox\":[663.9,534.7,691.1,544.4],\"text\":\"Level 2\"}],\"order\":17,\"text\":\"Fair Value Measurements as of December 31, 2015\\nLevel 1\\nLevel 2\"},{\"bbox\":[562.7,558.7,568.4,571.4],\"lines\":[{\"bbox\":[562.7,558.7,568.4,571.4],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[562.7,643.1,568.4,655.8],\"lines\":[{\"bbox\":[562.7,643.1,568.4,655.8],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[583.9,558.7,611.0,655.8],\"lines\":[{\"bbox\":[583.9,558.7,610.6,571.4],\"text\":\"1,008\"},{\"bbox\":[599.7,571.9,611.0,584.6],\"text\":\"—\"},{\"bbox\":[599.7,585.1,611.0,597.8],\"text\":\"—\"},{\"bbox\":[599.7,598.3,611.0,611.0],\"text\":\"—\"},{\"bbox\":[583.9,614.1,610.6,626.8],\"text\":\"1,008\"},{\"bbox\":[592.7,627.3,610.6,640.0],\"text\":\"695\"},{\"bbox\":[583.9,643.1,610.6,655.8],\"text\":\"1,703\"}],\"order\":20,\"text\":\"1,008\\n—\\n—\\n—\\n1,008\\n695\\n1,703\"},{\"bbox\":[653.3,558.7,659.0,571.4],\"lines\":[{\"bbox\":[653.3,558.7,659.0,571.4],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[653.3,643.1,659.0,655.8],\"lines\":[{\"bbox\":[653.3,643.1,659.0,655.8],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[674.4,558.7,701.6,655.8],\"lines\":[{\"bbox\":[690.3,558.7,701.6,571.4],\"text\":\"—\"},{\"bbox\":[695.6,571.9,701.2,584.6],\"text\":\"1\"},{\"bbox\":[674.4,585.1,701.2,597.8],\"text\":\"2,191\"},{\"bbox\":[674.4,598.3,701.2,611.0],\"text\":\"2,662\"},{\"bbox\":[674.4,614.1,701.2,626.8],\"text\":\"4,854\"},{\"bbox\":[690.3,627.3,701.6,640.0],\"text\":\"—\"},{\"bbox\":[674.4,643.1,701.2,655.8],\"text\":\"4,854\"}],\"order\":23,\"text\":\"—\\n1\\n2,191\\n2,662\\n4,854\\n—\\n4,854\"},{\"bbox\":[754.5,534.7,781.7,544.4],\"lines\":[{\"bbox\":[754.5,534.7,781.7,544.4],\"text\":\"Level 3\"}],\"order\":24,\"text\":\"Level 3\"},{\"bbox\":[743.9,558.7,749.6,571.4],\"lines\":[{\"bbox\":[743.9,558.7,749.6,571.4],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[743.9,643.1,749.6,655.8],\"lines\":[{\"bbox\":[743.9,643.1,749.6,655.8],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[780.9,558.7,792.2,655.8],\"lines\":[{\"bbox\":[780.9,558.7,792.2,571.4],\"text\":\"—\"},{\"bbox\":[780.9,571.9,792.2,584.6],\"text\":\"—\"},{\"bbox\":[780.9,585.1,792.2,597.8],\"text\":\"—\"},{\"bbox\":[780.9,598.3,792.2,611.0],\"text\":\"—\"},{\"bbox\":[780.9,614.1,792.2,626.8],\"text\":\"—\"},{\"bbox\":[780.9,627.3,792.2,640.0],\"text\":\"—\"},{\"bbox\":[780.9,643.1,792.2,655.8],\"text\":\"—\"}],\"order\":27,\"text\":\"—\\n—\\n—\\n—\\n—\\n—\\n—\"},{\"bbox\":[79.9,669.5,797.3,695.4],\"lines\":[{\"bbox\":[79.9,669.5,797.3,682.2],\"text\":\"Unrealized gains or losses on short-term investments and restricted cash and short-term investments are recorded in accumulated other comprehensive\"},{\"bbox\":[79.9,682.7,225.2,695.4],\"text\":\"loss at each measurement date.\"}],\"order\":28,\"text\":\"Unrealized gains or losses on short-term investments and restricted cash and short-term investments are recorded in accumulated other comprehensive\\nloss at each measurement date.\"},{\"bbox\":[414.6,707.4,432.5,720.0],\"lines\":[{\"bbox\":[414.6,707.4,432.5,720.0],\"text\":\"207\"}],\"order\":29,\"text\":\"207\"}],\"doc\":\"fintabnet:AAL_2015\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES, INC.\\n\\n(a) Credit Risk\\n\\nMost of American’s receivables relate to tickets sold to individual passengers through the use of major credit cards or to tickets sold by other airlines and\\nused by passengers on American. These receivables are short-term, mostly being settled within seven days after sale. Bad debt losses, which have been\\nminimal in the past, have been considered in establishing allowances for doubtful accounts. American does not believe it is subject to any significant\\nconcentration of credit risk.\\n\\n(b) Interest Rate Risk\\n\\nAmerican has exposure to market risk associated with changes in interest rates related primarily to its variable rate debt obligations. Interest rates on $7.8\\nbillion principal amount of long-term debt as of December 31, 2015 are subject to adjustment to reflect changes in floating interest rates. The weighted\\naverage effective interest rate on American’s variable rate debt was 2.93% at December 31, 2015. American does not currently have an interest rate hedge\\nprogram.\\n\\n(c) Foreign Currency Risk\\n\\nAmerican is exposed to the effect of foreign exchange rate fluctuations on the U.S. dollar value of foreign currency-denominated operating revenues and\\nexpenses. American’s largest exposure comes from the British pound, Euro, Canadian dollar and various Latin American currencies, primarily the Brazilian\\nreal. American does not currently have a foreign currency hedge program. See Part I, Item 1A. Risk Factors – “We operate a global business with\\ninternational operations that are subject to economic and political instability and have been, and in the future may continue to be, adversely affected by\\nnumerous events, circumstances or government actions beyond our control” for unaudited additional discussion.\\n\\n10. Investments and Fair Value Measurements\\n\\nAssets Measured at Fair Value on a Recurring Basis\\n\\nAmerican utilizes the market approach to measure fair value for its financial assets. The market approach uses prices and other relevant information\\ngenerated by market transactions involving identical or comparable assets. American’s short-term investments classified as Level 2 primarily utilize broker\\nquotes in a non-active market for valuation of these securities. No changes in valuation techniques or inputs occurred during the year ended December 31,\\n2015.\\n\\nAssets measured at fair value on a recurring basis are summarized below (in millions):\\n\\n|  |  Fair Value Measurements as of December 31, 2015 |  |  |  |\\n| --- | --- | --- | --- | --- |\\n|  |  Total |  Level 1 |  Level 2 |  Level 3 |\\n| Short-term investments (1), (2): |  |  |  |  |\\n| Money market funds | $1,008 | $1,008 | $— | $— |\\n| Government agency investments | 1 | — | 1 | — |\\n| Corporate obligations | 2,191 | — | 2,191 | — |\\n| Bank notes/certificates of deposit/time deposits | 2,662 | — | 2,662 | — |\\n|  | 5,862 | 1,008 | 4,854 | — |\\n| Restricted cash and short-term investments (1) | 695 | 695 | — | — |\\n| Total | $6,557 | $1,703 | $4,854 | $— |\\n\\n(1)\\n\\nUnrealized gains or losses on short-term investments and restricted cash and short-term investments are recorded in accumulated other comprehensive\\nloss at each measurement date.\\n\\n207\",\"name\":\"fintabnet.AAL_2015_page_207__100dpi_none\",\"page_id\":\"fintabnet.AAL_2015_page_207\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"AAL_2015_page_207\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[50.0,520.4,797.8,655.8],\"block_orders\":[12,13,14,15,17,18,19,20,21,22,23,24,25,26,27],\"cells\":[{\"bbox\":[540.8,523.3,730.7,532.1],\"c0\":1,\"c1\":4,\"r0\":0,\"r1\":0,\"text\":\" Fair Value Measurements as of December 31, 2015\"},{\"bbox\":[489.7,535.6,509.8,544.4],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\" Total\"},{\"bbox\":[573.3,535.6,600.5,544.4],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\" Level 1\"},{\"bbox\":[663.9,535.6,691.1,544.4],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\" Level 2\"},{\"bbox\":[754.5,535.6,781.7,544.4],\"c0\":4,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\" Level 3\"},{\"bbox\":[50.0,546.8,197.4,558.2],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Short-term investments (1), (2):\"},{\"bbox\":[64.1,559.9,162.6,571.4],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Money market funds\"},{\"bbox\":[479.2,559.9,520.1,571.4],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"$1,008\"},{\"bbox\":[562.7,559.9,610.6,571.4],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"$1,008\"},{\"bbox\":[653.3,559.9,701.6,571.4],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"$—\"},{\"bbox\":[743.9,559.9,792.2,571.4],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\"$—\"},{\"bbox\":[64.1,573.1,219.8,584.6],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Government agency investments\"},{\"bbox\":[514.4,573.1,520.1,584.6],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"1\"},{\"bbox\":[599.7,573.1,611.0,584.6],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"—\"},{\"bbox\":[695.5,573.1,701.2,584.6],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"1\"},{\"bbox\":[780.9,573.1,792.2,584.6],\"c0\":4,\"c1\":4,\"r0\":4,\"r1\":4,\"text\":\"—\"},{\"bbox\":[64.1,586.3,168.8,597.8],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Corporate obligations\"},{\"bbox\":[493.3,586.3,520.1,597.8],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"2,191\"},{\"bbox\":[599.7,586.3,611.0,597.8],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"—\"},{\"bbox\":[674.4,586.3,701.2,597.8],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"2,191\"},{\"bbox\":[780.9,586.3,792.2,597.8],\"c0\":4,\"c1\":4,\"r0\":5,\"r1\":5,\"text\":\"—\"},{\"bbox\":[64.1,599.5,290.1,611.0],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Bank notes/certificates of deposit/time deposits\"},{\"bbox\":[493.3,599.5,520.1,611.0],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"2,662\"},{\"bbox\":[599.7,599.5,611.0,611.0],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"—\"},{\"bbox\":[674.4,599.5,701.2,611.0],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"2,662\"},{\"bbox\":[780.9,599.5,792.2,611.0],\"c0\":4,\"c1\":4,\"r0\":6,\"r1\":6,\"text\":\"—\"},{\"bbox\":[493.3,615.3,520.1,626.8],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"5,862\"},{\"bbox\":[583.8,615.3,610.6,626.8],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"1,008\"},{\"bbox\":[674.4,615.3,701.2,626.8],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"4,854\"},{\"bbox\":[780.9,615.3,792.2,626.8],\"c0\":4,\"c1\":4,\"r0\":7,\"r1\":7,\"text\":\"—\"},{\"bbox\":[50.0,628.5,269.3,640.0],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Restricted cash and short-term investments (1)\"},{\"bbox\":[502.1,628.5,520.1,640.0],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"695\"},{\"bbox\":[592.6,628.5,610.6,640.0],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"695\"},{\"bbox\":[690.3,628.5,701.6,640.0],\"c0\":3,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"—\"},{\"bbox\":[780.9,628.5,792.2,640.0],\"c0\":4,\"c1\":4,\"r0\":8,\"r1\":8,\"text\":\"—\"},{\"bbox\":[50.0,644.4,75.2,655.8],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Total\"},{\"bbox\":[479.2,644.4,520.1,655.8],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"$6,557\"},{\"bbox\":[562.7,644.4,610.6,655.8],\"c0\":2,\"c1\":2,\"r0\":9,\"r1\":9,\"text\":\"$1,703\"},{\"bbox\":[653.3,644.4,701.2,655.8],\"c0\":3,\"c1\":3,\"r0\":9,\"r1\":9,\"text\":\"$4,854\"},{\"bbox\":[743.9,644.4,792.2,655.8],\"c0\":4,\"c1\":4,\"r0\":9,\"r1\":9,\"text\":\"$—\"}]}],\"text\":\"Table of Contents\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES, INC.\\n\\n(a) Credit Risk\\n\\nMost of American’s receivables relate to tickets sold to individual passengers through the use of major credit cards or to tickets sold by other airlines and\\nused by passengers on American. These receivables are short-term, mostly being settled within seven days after sale. Bad debt losses, which have been\\nminimal in the past, have been considered in establishing allowances for doubtful accounts. American does not believe it is subject to any significant\\nconcentration of credit risk.\\n\\n(b) Interest Rate Risk\\n\\nAmerican has exposure to market risk associated with changes in interest rates related primarily to its variable rate debt obligations. Interest rates on $7.8\\nbillion principal amount of long-term debt as of December 31, 2015 are subject to adjustment to reflect changes in floating interest rates. The weighted\\naverage effective interest rate on American’s variable rate debt was 2.93% at December 31, 2015. American does not currently have an interest rate hedge\\nprogram.\\n\\n(c) Foreign Currency Risk\\n\\nAmerican is exposed to the effect of foreign exchange rate fluctuations on the U.S. dollar value of foreign currency-denominated operating revenues and\\nexpenses. American’s largest exposure comes from the British pound, Euro, Canadian dollar and various Latin American currencies, primarily the Brazilian\\nreal. American does not currently have a foreign currency hedge program. See Part I, Item 1A. Risk Factors – “We operate a global business with\\ninternational operations that are subject to economic and political instability and have been, and in the future may continue to be, adversely affected by\\nnumerous events, circumstances or government actions beyond our control” for unaudited additional discussion.\\n\\n10. Investments and Fair Value Measurements\\n\\nAssets Measured at Fair Value on a Recurring Basis\\n\\nAmerican utilizes the market approach to measure fair value for its financial assets. The market approach uses prices and other relevant information\\ngenerated by market transactions involving identical or comparable assets. American’s short-term investments classified as Level 2 primarily utilize broker\\nquotes in a non-active market for valuation of these securities. No changes in valuation techniques or inputs occurred during the year ended December 31,\\n2015.\\n\\nAssets measured at fair value on a recurring basis are summarized below (in millions):\\n\\nTotal\\n\\nShort-term investments (1), (2):\\nMoney market funds\\nGovernment agency investments\\nCorporate obligations\\nBank notes/certificates of deposit/time deposits\\n\\n$ 1,008\\n1\\n2,191\\n2,662\\n5,862\\n695\\n$ 6,557\\n\\nRestricted cash and short-term investments (1)\\nTotal\\n\\n(1)\\n\\nFair Value Measurements as of December 31, 2015\\nLevel 1\\nLevel 2\\n\\n$\\n\\n$\\n\\n1,008\\n—\\n—\\n—\\n1,008\\n695\\n1,703\\n\\n$\\n\\n$\\n\\n—\\n1\\n2,191\\n2,662\\n4,854\\n—\\n4,854\\n\\nLevel 3\\n\\n$\\n\\n$\\n\\n—\\n—\\n—\\n—\\n—\\n—\\n—\\n\\nUnrealized gains or losses on short-term investments and restricted cash and short-term investments are recorded in accumulated other comprehensive\\nloss at each measurement date.\\n\\n207\"},\"name\":\"fintabnet.AAL_2015_page_207__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":62403,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:AAL_2015\",\"dpi\":100,\"gt_sha256\":\"f0603c43e98f235230417a572a509fc88b2a8eb5171fa2dc3e92cee0d9956938\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AAL_2015_page_207__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.AAL_2015_page_207\",\"pdf_sha256\":\"1d68afb8e2baf7fe4542a8d2ba36bf8e7ff9b243d8bd9d6ea81adde2b764018a\",\"px\":[850,1100],\"scan\":{\"render\":\"000064007ffe7ffe7ffe7fee7ffe003e7ffe7ffe000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"AAL_2015_page_207\",\"src\":{\"file_sha256\":\"be00c0307907cf7342235e33072b4774156d01ba1eec5dde955c6d1700331246\",\"render\":\"000066907ffe7ffe7ffe7fee7ffe007e7ffe7ffe000000000000000000000000\",\"text\":\"f7e2a520c4d0623e2dbd6562cf746ed05a48202aa688b629749cd4043e65b0e0\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"1d68afb8e2baf7fe4542a8d2ba36bf8e7ff9b243d8bd9d6ea81adde2b764018a\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/1d68afb8e2baf7fe4542a8d2ba36bf8e7ff9b243d8bd9d6ea81adde2b764018a.pdf","asset_sha256":"1d68afb8e2baf7fe4542a8d2ba36bf8e7ff9b243d8bd9d6ea81adde2b764018a","document_id":"fintabnet:AAL_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AAL_2015_page_207\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AAL_2015_page_89\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AAL_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[150.0,205.5,400.8,237.9],\"lines\":[{\"bbox\":[150.0,205.5,400.8,237.9],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[150.0,288.3,2385.6,365.9],\"lines\":[{\"bbox\":[150.0,288.3,2385.6,326.3],\"text\":\"Consolidated Financial Statements in Part II, Item 8A and Note 7 and 20 to American’s Consolidated Financial Statements in Part II, Item 8B for further\"},{\"bbox\":[150.0,327.9,1984.3,365.9],\"text\":\"information on all indebtedness as of December 31, 2015, as well as the 2016-1 EETC financing disclosed as a subsequent event.\"}],\"order\":1,\"text\":\"Consolidated Financial Statements in Part II, Item 8A and Note 7 and 20 to American’s Consolidated Financial Statements in Part II, Item 8B for further\\ninformation on all indebtedness as of December 31, 2015, as well as the 2016-1 EETC financing disclosed as a subsequent event.\"},{\"bbox\":[150.0,414.9,363.8,452.9],\"lines\":[{\"bbox\":[150.0,414.9,363.8,452.9],\"text\":\"Credit Ratings\"}],\"order\":2,\"text\":\"Credit Ratings\"},{\"bbox\":[194.9,470.4,1199.0,508.3],\"lines\":[{\"bbox\":[194.9,470.4,1199.0,508.3],\"text\":\"The following table details our credit ratings as of December 31, 2015:\"}],\"order\":3,\"text\":\"The following table details our credit ratings as of December 31, 2015:\"},{\"bbox\":[1529.9,546.0,1685.5,638.6],\"lines\":[{\"bbox\":[1581.4,546.0,1634.3,575.2],\"text\":\"S&P\"},{\"bbox\":[1537.8,577.7,1678.7,606.9],\"text\":\"Local Issuer\"},{\"bbox\":[1529.9,609.3,1685.5,638.6],\"text\":\"Credit Rating\"}],\"order\":4,\"text\":\"S&P\\nLocal Issuer\\nCredit Rating\"},{\"bbox\":[1870.3,546.0,2029.4,638.6],\"lines\":[{\"bbox\":[1920.4,546.0,1977.2,575.2],\"text\":\"Fitch\"},{\"bbox\":[1870.3,577.7,2029.4,606.9],\"text\":\"Issuer Default\"},{\"bbox\":[1871.6,609.3,2027.2,638.6],\"text\":\"Credit Rating\"}],\"order\":5,\"text\":\"Fitch\\nIssuer Default\\nCredit Rating\"},{\"bbox\":[2213.3,546.0,2376.8,638.6],\"lines\":[{\"bbox\":[2246.3,546.0,2343.5,575.2],\"text\":\"Moody’s\"},{\"bbox\":[2238.4,577.7,2352.9,606.9],\"text\":\"Corporate\"},{\"bbox\":[2213.3,609.3,2376.8,638.6],\"text\":\"Family Rating\"}],\"order\":6,\"text\":\"Moody’s\\nCorporate\\nFamily Rating\"},{\"bbox\":[1627.6,644.5,1686.4,722.1],\"lines\":[{\"bbox\":[1627.6,644.5,1686.4,682.5],\"text\":\"BB-\"},{\"bbox\":[1627.6,684.1,1686.4,722.1],\"text\":\"BB-\"}],\"order\":7,\"text\":\"BB-\\nBB-\"},{\"bbox\":[1970.6,644.5,2029.4,722.1],\"lines\":[{\"bbox\":[1970.6,644.5,2029.4,682.5],\"text\":\"BB-\"},{\"bbox\":[1970.6,684.1,2029.4,722.1],\"text\":\"BB-\"}],\"order\":8,\"text\":\"BB-\\nBB-\"},{\"bbox\":[2318.8,644.5,2375.4,722.1],\"lines\":[{\"bbox\":[2318.8,644.5,2375.4,682.5],\"text\":\"Ba3\"},{\"bbox\":[2358.4,684.1,2375.4,722.1],\"text\":\"*\"}],\"order\":9,\"text\":\"Ba3\\n*\"},{\"bbox\":[150.0,641.9,504.7,722.1],\"lines\":[{\"bbox\":[150.0,641.9,504.7,679.8],\"text\":\"American Airlines Group\"},{\"bbox\":[150.0,684.1,477.8,722.1],\"text\":\"American Airlines, Inc.\"}],\"order\":10,\"text\":\"American Airlines Group\\nAmerican Airlines, Inc.\"},{\"bbox\":[150.0,750.0,1042.4,788.0],\"lines\":[{\"bbox\":[150.0,750.0,1042.4,788.0],\"text\":\"* The credit agency does not rate this category for this entity.\"}],\"order\":11,\"text\":\"* The credit agency does not rate this category for this entity.\"},{\"bbox\":[150.0,821.3,2393.5,978.0],\"lines\":[{\"bbox\":[194.9,821.3,2390.7,859.3],\"text\":\"A decrease in our credit ratings could cause our borrowing costs to increase, which would increase our interest expense and could affect our net income,\"},{\"bbox\":[150.0,860.9,2391.3,898.8],\"text\":\"and our credit ratings could adversely affect our ability to obtain additional financing. If our financial performance or industry conditions worsen, we may\"},{\"bbox\":[150.0,900.4,2393.5,938.4],\"text\":\"face future downgrades, which could negatively impact our borrowing costs and the prices of our equity or debt securities. In addition, any downgrade of our\"},{\"bbox\":[150.0,940.0,1857.7,978.0],\"text\":\"credit ratings may indicate a decline in our business and in our ability to satisfy our obligations under our indebtedness.\"}],\"order\":12,\"text\":\"A decrease in our credit ratings could cause our borrowing costs to increase, which would increase our interest expense and could affect our net income,\\nand our credit ratings could adversely affect our ability to obtain additional financing. If our financial performance or industry conditions worsen, we may\\nface future downgrades, which could negatively impact our borrowing costs and the prices of our equity or debt securities. In addition, any downgrade of our\\ncredit ratings may indicate a decline in our business and in our ability to satisfy our obligations under our indebtedness.\"},{\"bbox\":[150.0,1027.1,793.8,1065.1],\"lines\":[{\"bbox\":[150.0,1027.1,793.8,1065.1],\"text\":\"Aircraft and Engine Purchase Commitments\"}],\"order\":13,\"text\":\"Aircraft and Engine Purchase Commitments\"},{\"bbox\":[150.0,1082.5,2388.6,1160.0],\"lines\":[{\"bbox\":[194.9,1082.5,2388.6,1120.5],\"text\":\"As of December 31, 2015, we had definitive purchase agreements with Airbus, Boeing and other manufacturers for the acquisition of the following\"},{\"bbox\":[150.0,1122.1,581.6,1160.0],\"text\":\"mainline and regional aircraft:\"}],\"order\":14,\"text\":\"As of December 31, 2015, we had definitive purchase agreements with Airbus, Boeing and other manufacturers for the acquisition of the following\\nmainline and regional aircraft:\"},{\"bbox\":[150.0,1261.9,399.2,1822.3],\"lines\":[{\"bbox\":[150.0,1261.9,250.3,1299.9],\"text\":\"Airbus\"},{\"bbox\":[150.0,1301.5,335.9,1339.5],\"text\":\"A320 Family\"},{\"bbox\":[150.0,1341.1,388.6,1379.0],\"text\":\"A320neo Family\"},{\"bbox\":[150.0,1380.6,315.2,1418.6],\"text\":\"A350 XWB\"},{\"bbox\":[150.0,1420.2,254.1,1458.2],\"text\":\"Boeing\"},{\"bbox\":[150.0,1459.8,269.9,1497.8],\"text\":\"737-800\"},{\"bbox\":[150.0,1499.4,399.2,1537.4],\"text\":\"737 MAX Family\"},{\"bbox\":[150.0,1538.9,323.1,1576.9],\"text\":\"777-300 ER\"},{\"bbox\":[150.0,1578.5,312.1,1616.5],\"text\":\"787 Family\"},{\"bbox\":[150.0,1618.1,334.0,1656.1],\"text\":\"Bombardier\"},{\"bbox\":[150.0,1657.7,314.4,1695.7],\"text\":\"CRJ900 (1)\"},{\"bbox\":[150.0,1697.3,286.5,1735.2],\"text\":\"Embraer\"},{\"bbox\":[150.0,1736.8,311.7,1774.8],\"text\":\"ERJ175 (1)\"},{\"bbox\":[234.4,1784.3,309.9,1822.3],\"text\":\"Total\"}],\"order\":15,\"text\":\"Airbus\\nA320 Family\\nA320neo Family\\nA350 XWB\\nBoeing\\n737-800\\n737 MAX Family\\n777-300 ER\\n787 Family\\nBombardier\\nCRJ900 (1)\\nEmbraer\\nERJ175 (1)\\nTotal\"},{\"bbox\":[150.0,1850.3,190.3,1888.3],\"lines\":[{\"bbox\":[150.0,1850.3,190.3,1888.3],\"text\":\"(1)\"}],\"order\":16,\"text\":\"(1)\"},{\"bbox\":[1569.5,1229.4,1622.2,1258.6],\"lines\":[{\"bbox\":[1569.5,1229.4,1622.2,1258.6],\"text\":\"2016\"}],\"order\":17,\"text\":\"2016\"},{\"bbox\":[1683.0,1229.4,1735.6,1258.6],\"lines\":[{\"bbox\":[1683.0,1229.4,1735.6,1258.6],\"text\":\"2017\"}],\"order\":18,\"text\":\"2017\"},{\"bbox\":[1796.4,1229.4,1849.1,1258.6],\"lines\":[{\"bbox\":[1796.4,1229.4,1849.1,1258.6],\"text\":\"2018\"}],\"order\":19,\"text\":\"2018\"},{\"bbox\":[1909.9,1229.4,1962.5,1258.6],\"lines\":[{\"bbox\":[1909.9,1229.4,1962.5,1258.6],\"text\":\"2019\"}],\"order\":20,\"text\":\"2019\"},{\"bbox\":[2023.3,1229.4,2076.0,1258.6],\"lines\":[{\"bbox\":[2023.3,1229.4,2076.0,1258.6],\"text\":\"2020\"}],\"order\":21,\"text\":\"2020\"},{\"bbox\":[2136.8,1197.7,2253.9,1258.6],\"lines\":[{\"bbox\":[2142.1,1197.7,2246.3,1226.9],\"text\":\"2021 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If our financial performance or industry conditions worsen, we may\\nface future downgrades, which could negatively impact our borrowing costs and the prices of our equity or debt securities. In addition, any downgrade of our\\ncredit ratings may indicate a decline in our business and in our ability to satisfy our obligations under our indebtedness.\\n\\nAircraft and Engine Purchase Commitments\\n\\nAs of December 31, 2015, we had definitive purchase agreements with Airbus, Boeing and other manufacturers for the acquisition of the following\\nmainline and regional aircraft:\\n\\nAirbus\\nA320 Family\\nA320neo Family\\nA350 XWB\\nBoeing\\n737-800\\n737 MAX Family\\n777-300 ER\\n787 Family\\nBombardier\\nCRJ900 (1)\\nEmbraer\\nERJ175 (1)\\nTotal\\n\\n(1)\\n\\n2016\\n\\n2017\\n\\n2018\\n\\n2019\\n\\n2020\\n\\n2021 and\\nThereafter\\n\\nTotal\\n\\n25\\n—\\n—\\n\\n20\\n—\\n4\\n\\n—\\n—\\n10\\n\\n—\\n25\\n6\\n\\n—\\n25\\n2\\n\\n—\\n50\\n—\\n\\n45\\n100\\n22\\n\\n20\\n—\\n2\\n8\\n\\n20\\n3\\n—\\n13\\n\\n—\\n17\\n—\\n8\\n\\n—\\n20\\n—\\n—\\n\\n—\\n20\\n—\\n—\\n\\n—\\n40\\n—\\n—\\n\\n40\\n100\\n2\\n29\\n\\n18\\n\\n—\\n\\n—\\n\\n—\\n\\n—\\n\\n—\\n\\n18\\n\\n24\\n97\\n\\n12\\n72\\n\\n—\\n35\\n\\n—\\n51\\n\\n—\\n47\\n\\n—\\n90\\n\\n36\\n392\\n\\nThese aircraft may be operated by wholly-owned subsidiaries or leased to third-party regional carriers which would operate the aircraft under capacity\\npurchase arrangements.\\n\\n89\",\"name\":\"fintabnet.AAL_2015_page_89__300dpi_none\",\"page_id\":\"fintabnet.AAL_2015_page_89\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"AAL_2015_page_89\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[150.0,546.0,2376.9,722.1],\"block_orders\":[4,5,6,7,8,9,10],\"cells\":null},{\"bbox\":[150.0,1197.7,2375.6,1822.3],\"block_orders\":[15,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51],\"cells\":null}],\"text\":\"Table of Contents\\n\\nConsolidated Financial Statements in Part II, Item 8A and Note 7 and 20 to American’s Consolidated Financial Statements in Part II, Item 8B for further\\ninformation on all indebtedness as of December 31, 2015, as well as the 2016-1 EETC financing disclosed as a subsequent event.\\n\\nCredit Ratings\\n\\nThe following table details our credit ratings as of December 31, 2015:\\n\\nS&P\\nLocal Issuer\\nCredit Rating\\n\\nFitch\\nIssuer Default\\nCredit Rating\\n\\nMoody’s\\nCorporate\\nFamily Rating\\n\\nBB-\\nBB-\\n\\nBB-\\nBB-\\n\\nBa3\\n*\\n\\nAmerican Airlines Group\\nAmerican Airlines, Inc.\\n\\n* The credit agency does not rate this category for this entity.\\n\\nA decrease in our credit ratings could cause our borrowing costs to increase, which would increase our interest expense and could affect our net income,\\nand our credit ratings could adversely affect our ability to obtain additional financing. If our financial performance or industry conditions worsen, we may\\nface future downgrades, which could negatively impact our borrowing costs and the prices of our equity or debt securities. In addition, any downgrade of our\\ncredit ratings may indicate a decline in our business and in our ability to satisfy our obligations under our indebtedness.\\n\\nAircraft and Engine Purchase Commitments\\n\\nAs of December 31, 2015, we had definitive purchase agreements with Airbus, Boeing and other manufacturers for the acquisition of the following\\nmainline and regional aircraft:\\n\\nAirbus\\nA320 Family\\nA320neo Family\\nA350 XWB\\nBoeing\\n737-800\\n737 MAX Family\\n777-300 ER\\n787 Family\\nBombardier\\nCRJ900 (1)\\nEmbraer\\nERJ175 (1)\\nTotal\\n\\n(1)\\n\\n2016\\n\\n2017\\n\\n2018\\n\\n2019\\n\\n2020\\n\\n2021 and\\nThereafter\\n\\nTotal\\n\\n25\\n—\\n—\\n\\n20\\n—\\n4\\n\\n—\\n—\\n10\\n\\n—\\n25\\n6\\n\\n—\\n25\\n2\\n\\n—\\n50\\n—\\n\\n45\\n100\\n22\\n\\n20\\n—\\n2\\n8\\n\\n20\\n3\\n—\\n13\\n\\n—\\n17\\n—\\n8\\n\\n—\\n20\\n—\\n—\\n\\n—\\n20\\n—\\n—\\n\\n—\\n40\\n—\\n—\\n\\n40\\n100\\n2\\n29\\n\\n18\\n\\n—\\n\\n—\\n\\n—\\n\\n—\\n\\n—\\n\\n18\\n\\n24\\n97\\n\\n12\\n72\\n\\n—\\n35\\n\\n—\\n51\\n\\n—\\n47\\n\\n—\\n90\\n\\n36\\n392\\n\\nThese aircraft may be operated by wholly-owned subsidiaries or leased to third-party regional carriers which would operate the aircraft under capacity\\npurchase arrangements.\\n\\n89\"},\"name\":\"fintabnet.AAL_2015_page_89__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":194003,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:AAL_2015\",\"dpi\":300,\"gt_sha256\":\"29cb04d164b8ea39b9c092d5698ff37750f6da550db167fc65aa9cd70805edee\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AAL_2015_page_89__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.AAL_2015_page_89\",\"pdf_sha256\":\"6147eee6a3ebfd98e3d06c739809c9df5a531b39e5424bc98111be51317e4a82\",\"px\":[2550,3300],\"scan\":{\"render\":\"00007ff8600a7e6a7ffe78067ffe7ffe7ffe7000000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"AAL_2015_page_89\",\"src\":{\"file_sha256\":\"ed4a75f58e73775f87330cbec50ee1bc186c51b109f807e7af0d167aac75d13f\",\"render\":\"00007ff0600a7e7a7ffe78047ffe7ffe7ffe3000000000000000000000000000\",\"text\":\"77778e97a621883e4266de888645067e05a5759e898d422ed8a6a201c74c1ea7\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"6147eee6a3ebfd98e3d06c739809c9df5a531b39e5424bc98111be51317e4a82\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/6147eee6a3ebfd98e3d06c739809c9df5a531b39e5424bc98111be51317e4a82.pdf","asset_sha256":"6147eee6a3ebfd98e3d06c739809c9df5a531b39e5424bc98111be51317e4a82","document_id":"fintabnet:AAL_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AAL_2015_page_89\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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These expenses have been allocated to AbbVie based on direct\"},{\"bbox\":[65.4,126.1,490.8,141.5],\"text\":\"usage or benefit where identifiable, with the remainder allocated on a pro rata basis of revenues,\"},{\"bbox\":[65.6,137.8,507.2,153.5],\"text\":\"headcount, square footage, number of transactions or other measures. AbbVie considers the expense\"},{\"bbox\":[65.7,149.8,512.9,165.5],\"text\":\"allocation methodology and results to be a reasonable reflection of the utilization of services provided\"},{\"bbox\":[65.9,162.0,497.9,177.5],\"text\":\"to, or the benefit received by, the company during the periods presented. The allocations may not,\"},{\"bbox\":[66.1,174.0,495.5,189.5],\"text\":\"however, reflect the expense the company would have incurred as an independent, publicly-traded\"},{\"bbox\":[66.2,185.8,510.5,201.5],\"text\":\"company for the periods presented. Subsequent to the separation, AbbVie expects to incur additional\"},{\"bbox\":[66.4,197.9,502.4,213.5],\"text\":\"costs associated with being an independent, publicly-traded company, primarily from higher charges\"},{\"bbox\":[66.6,209.7,519.0,225.5],\"text\":\"than in the past from Abbott for various services that will continue to be provided on a transition basis\"},{\"bbox\":[66.7,221.8,508.8,237.5],\"text\":\"and from newly established or expanded corporate functions. AbbVie expects to incur one-time costs\"},{\"bbox\":[66.9,233.7,520.3,249.5],\"text\":\"primarily to establish certain stand-alone AbbVie functions and information technology systems, further\"},{\"bbox\":[67.1,246.3,479.0,261.5],\"text\":\"establish its infrastructure outside the United States and to complete the separation in certain\"},{\"bbox\":[67.3,257.9,506.2,273.5],\"text\":\"countries. A portion of these expenditures will be capitalized and depreciated over the assets’ useful\"},{\"bbox\":[67.4,269.9,507.6,285.5],\"text\":\"lives while the remainder will be expensed as incurred, depending on the nature of the cost. AbbVie\"},{\"bbox\":[67.6,281.8,514.9,297.5],\"text\":\"believes that cash flows from operations will be sufficient to fund these additional corporate expenses.\"},{\"bbox\":[67.8,293.7,515.7,309.5],\"text\":\"The historical financial statements do not necessarily include all of the expenses that would have been\"},{\"bbox\":[67.9,306.0,497.6,321.5],\"text\":\"incurred had AbbVie been a separate, stand-alone entity and may not necessarily reflect AbbVie’s\"},{\"bbox\":[68.1,317.7,520.1,333.5],\"text\":\"results of operations, financial position and cash flows had AbbVie been a stand-alone company during\"},{\"bbox\":[68.3,329.9,506.9,345.5],\"text\":\"the periods presented. Refer to Note 13 for further description of transactions between AbbVie and\"},{\"bbox\":[68.4,347.6,101.3,357.5],\"text\":\"Abbott.\"}],\"order\":1,\"text\":\"AbbVie’s historical financial statements included an allocation of expenses related to certain Abbott\\ncorporate functions, including senior management, legal, human resources, finance, information\\ntechnology, and quality assurance. These expenses have been allocated to AbbVie based on direct\\nusage or benefit where identifiable, with the remainder allocated on a pro rata basis of revenues,\\nheadcount, square footage, number of transactions or other measures. AbbVie considers the expense\\nallocation methodology and results to be a reasonable reflection of the utilization of services provided\\nto, or the benefit received by, the company during the periods presented. The allocations may not,\\nhowever, reflect the expense the company would have incurred as an independent, publicly-traded\\ncompany for the periods presented. Subsequent to the separation, AbbVie expects to incur additional\\ncosts associated with being an independent, publicly-traded company, primarily from higher charges\\nthan in the past from Abbott for various services that will continue to be provided on a transition basis\\nand from newly established or expanded corporate functions. AbbVie expects to incur one-time costs\\nprimarily to establish certain stand-alone AbbVie functions and information technology systems, further\\nestablish its infrastructure outside the United States and to complete the separation in certain\\ncountries. A portion of these expenditures will be capitalized and depreciated over the assets’ useful\\nlives while the remainder will be expensed as incurred, depending on the nature of the cost. AbbVie\\nbelieves that cash flows from operations will be sufficient to fund these additional corporate expenses.\\nThe historical financial statements do not necessarily include all of the expenses that would have been\\nincurred had AbbVie been a separate, stand-alone entity and may not necessarily reflect AbbVie’s\\nresults of operations, financial position and cash flows had AbbVie been a stand-alone company during\\nthe periods presented. Refer to Note 13 for further description of transactions between AbbVie and\\nAbbott.\"},{\"bbox\":[68.8,370.2,199.2,381.5],\"lines\":[{\"bbox\":[68.8,370.2,199.2,381.5],\"text\":\"RESULTS OF OPERATIONS\"}],\"order\":2,\"text\":\"RESULTS OF OPERATIONS\"},{\"bbox\":[69.0,389.4,110.6,399.5],\"lines\":[{\"bbox\":[69.0,389.4,110.6,399.5],\"text\":\"Net Sales\"}],\"order\":3,\"text\":\"Net Sales\"},{\"bbox\":[69.9,449.8,183.4,459.0],\"lines\":[{\"bbox\":[69.9,449.8,183.4,459.0],\"text\":\"for the years ended (in millions)\"}],\"order\":4,\"text\":\"for the years ended (in millions)\"},{\"bbox\":[70.1,463.2,129.8,499.5],\"lines\":[{\"bbox\":[70.1,463.2,129.5,473.5],\"text\":\"United States\"},{\"bbox\":[70.2,474.2,126.7,484.5],\"text\":\"International\"},{\"bbox\":[70.4,489.5,110.2,499.5],\"text\":\"Net sales\"}],\"order\":5,\"text\":\"United States\\nInternational\\nNet sales\"},{\"bbox\":[300.6,448.0,316.7,455.8],\"lines\":[{\"bbox\":[300.6,448.0,316.7,455.8],\"text\":\"2012\"}],\"order\":6,\"text\":\"2012\"},{\"bbox\":[345.1,447.3,361.2,455.1],\"lines\":[{\"bbox\":[345.1,447.3,361.2,455.1],\"text\":\"2011\"}],\"order\":7,\"text\":\"2011\"},{\"bbox\":[389.6,446.7,405.7,454.5],\"lines\":[{\"bbox\":[389.6,446.7,405.7,454.5],\"text\":\"2010\"}],\"order\":8,\"text\":\"2010\"},{\"bbox\":[292.5,460.4,325.5,496.3],\"lines\":[{\"bbox\":[292.5,460.4,325.2,470.3],\"text\":\"$10,435\"},{\"bbox\":[302.7,471.4,325.3,481.2],\"text\":\"7,945\"},{\"bbox\":[292.9,486.4,325.5,496.3],\"text\":\"$18,380\"}],\"order\":9,\"text\":\"$10,435\\n7,945\\n$18,380\"},{\"bbox\":[337.0,459.8,370.0,495.7],\"lines\":[{\"bbox\":[337.0,459.8,369.7,469.7],\"text\":\"$ 9,712\"},{\"bbox\":[347.2,470.8,369.8,480.6],\"text\":\"7,732\"},{\"bbox\":[337.4,485.8,370.0,495.7],\"text\":\"$17,444\"}],\"order\":10,\"text\":\"$ 9,712\\n7,732\\n$17,444\"},{\"bbox\":[381.5,459.2,414.5,495.1],\"lines\":[{\"bbox\":[381.5,459.2,414.2,469.1],\"text\":\"$ 8,971\"},{\"bbox\":[391.7,470.2,414.3,479.9],\"text\":\"6,667\"},{\"bbox\":[381.9,485.2,414.5,495.1],\"text\":\"$15,638\"}],\"order\":11,\"text\":\"$ 8,971\\n6,667\\n$15,638\"},{\"bbox\":[296.5,703.7,306.6,713.3],\"lines\":[{\"bbox\":[296.5,703.7,306.6,713.3],\"text\":\"44\"}],\"order\":12,\"text\":\"44\"},{\"bbox\":[425.3,405.0,525.9,454.0],\"lines\":[{\"bbox\":[448.8,405.4,501.8,413.7],\"text\":\"Percent change\"},{\"bbox\":[431.5,417.9,463.6,425.9],\"text\":\"At actual\"},{\"bbox\":[483.3,417.1,523.7,425.2],\"text\":\"At constant\"},{\"bbox\":[432.8,425.9,462.4,433.9],\"text\":\"currency\"},{\"bbox\":[488.8,425.1,518.4,433.1],\"text\":\"currency\"},{\"bbox\":[439.4,434.0,456.1,441.8],\"text\":\"rates\"},{\"bbox\":[495.4,433.2,512.1,441.0],\"text\":\"rates\"},{\"bbox\":[425.8,446.2,442.0,454.0],\"text\":\"2012\"},{\"bbox\":[453.8,445.8,470.0,453.6],\"text\":\"2011\"},{\"bbox\":[481.8,445.4,497.9,453.2],\"text\":\"2012\"},{\"bbox\":[509.8,445.0,525.9,452.8],\"text\":\"2011\"}],\"order\":13,\"text\":\"Percent change\\nAt actual\\nAt constant\\ncurrency\\ncurrency\\nrates\\nrates\\n2012\\n2011\\n2012\\n2011\"},{\"bbox\":[431.5,458.7,446.4,494.4],\"lines\":[{\"bbox\":[431.5,458.7,446.1,468.4],\"text\":\"7%\"},{\"bbox\":[431.7,469.7,446.2,479.4],\"text\":\"3%\"},{\"bbox\":[431.9,484.7,446.4,494.4],\"text\":\"5%\"}],\"order\":14,\"text\":\"7%\\n3%\\n5%\"},{\"bbox\":[457.0,458.3,476.9,494.0],\"lines\":[{\"bbox\":[462.0,458.3,476.6,467.9],\"text\":\"8%\"},{\"bbox\":[457.2,469.3,476.7,479.0],\"text\":\"16%\"},{\"bbox\":[457.4,484.3,476.9,494.0],\"text\":\"12%\"}],\"order\":15,\"text\":\"8%\\n16%\\n12%\"},{\"bbox\":[487.5,457.9,502.4,493.6],\"lines\":[{\"bbox\":[487.5,457.9,502.1,467.6],\"text\":\"8%\"},{\"bbox\":[487.7,468.9,502.2,478.6],\"text\":\"8%\"},{\"bbox\":[487.9,483.9,502.4,493.6],\"text\":\"8%\"}],\"order\":16,\"text\":\"8%\\n8%\\n8%\"},{\"bbox\":[513.0,457.5,532.9,493.2],\"lines\":[{\"bbox\":[518.0,457.5,532.6,467.2],\"text\":\"8%\"},{\"bbox\":[513.2,468.5,532.7,478.2],\"text\":\"12%\"},{\"bbox\":[518.4,483.5,532.9,493.2],\"text\":\"9%\"}],\"order\":17,\"text\":\"8%\\n12%\\n9%\"}],\"doc\":\"fintabnet:ABBV_2012\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"reflected in Due to Abbott Laboratories and Due from Abbott Laboratories on the combined balance\\nsheet.\\n\\nAbbVie’s historical financial statements included an allocation of expenses related to certain Abbott\\ncorporate functions, including senior management, legal, human resources, finance, information\\ntechnology, and quality assurance. These expenses have been allocated to AbbVie based on direct\\nusage or benefit where identifiable, with the remainder allocated on a pro rata basis of revenues,\\nheadcount, square footage, number of transactions or other measures. AbbVie considers the expense\\nallocation methodology and results to be a reasonable reflection of the utilization of services provided\\nto, or the benefit received by, the company during the periods presented. The allocations may not,\\nhowever, reflect the expense the company would have incurred as an independent, publicly-traded\\ncompany for the periods presented. Subsequent to the separation, AbbVie expects to incur additional\\ncosts associated with being an independent, publicly-traded company, primarily from higher charges\\nthan in the past from Abbott for various services that will continue to be provided on a transition basis\\nand from newly established or expanded corporate functions. AbbVie expects to incur one-time costs\\nprimarily to establish certain stand-alone AbbVie functions and information technology systems, further\\nestablish its infrastructure outside the United States and to complete the separation in certain\\ncountries. A portion of these expenditures will be capitalized and depreciated over the assets’ useful\\nlives while the remainder will be expensed as incurred, depending on the nature of the cost. AbbVie\\nbelieves that cash flows from operations will be sufficient to fund these additional corporate expenses.\\nThe historical financial statements do not necessarily include all of the expenses that would have been\\nincurred had AbbVie been a separate, stand-alone entity and may not necessarily reflect AbbVie’s\\nresults of operations, financial position and cash flows had AbbVie been a stand-alone company during\\nthe periods presented. Refer to Note 13 for further description of transactions between AbbVie and\\nAbbott.\\n\\nRESULTS OF OPERATIONS\\n\\nNet Sales\\n\\nfor the years ended (in millions)\\n\\nUnited States\\nInternational\\nNet sales\\n\\n2012\\n\\n2011\\n\\n2010\\n\\n$10,435\\n7,945\\n$18,380\\n\\n$ 9,712\\n7,732\\n$17,444\\n\\n$ 8,971\\n6,667\\n$15,638\\n\\n44\\n\\nPercent change\\nAt actual\\nAt constant\\ncurrency\\ncurrency\\nrates\\nrates\\n2012\\n2011\\n2012\\n2011\\n\\n7%\\n3%\\n5%\\n\\n8%\\n16%\\n12%\\n\\n8%\\n8%\\n8%\\n\\n8%\\n12%\\n9%\",\"name\":\"fintabnet.ABBV_2012_page_50__72dpi_mild\",\"page_id\":\"fintabnet.ABBV_2012_page_50\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.805,\"source\":\"fintabnet\",\"source_id\":\"ABBV_2012_page_50\",\"stack\":[{\"deg\":0.805,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.516},{\"op\":\"jpeg\",\"q\":78}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[69.3,402.9,532.9,499.7],\"block_orders\":[4,5,6,7,8,9,10,11,13,14,15,16,17],\"cells\":null}],\"text\":\"reflected in Due to Abbott Laboratories and Due from Abbott Laboratories on the combined balance\\nsheet.\\n\\nAbbVie’s historical financial statements included an allocation of expenses related to certain Abbott\\ncorporate functions, including senior management, legal, human resources, finance, information\\ntechnology, and quality assurance. These expenses have been allocated to AbbVie based on direct\\nusage or benefit where identifiable, with the remainder allocated on a pro rata basis of revenues,\\nheadcount, square footage, number of transactions or other measures. AbbVie considers the expense\\nallocation methodology and results to be a reasonable reflection of the utilization of services provided\\nto, or the benefit received by, the company during the periods presented. The allocations may not,\\nhowever, reflect the expense the company would have incurred as an independent, publicly-traded\\ncompany for the periods presented. Subsequent to the separation, AbbVie expects to incur additional\\ncosts associated with being an independent, publicly-traded company, primarily from higher charges\\nthan in the past from Abbott for various services that will continue to be provided on a transition basis\\nand from newly established or expanded corporate functions. AbbVie expects to incur one-time costs\\nprimarily to establish certain stand-alone AbbVie functions and information technology systems, further\\nestablish its infrastructure outside the United States and to complete the separation in certain\\ncountries. A portion of these expenditures will be capitalized and depreciated over the assets’ useful\\nlives while the remainder will be expensed as incurred, depending on the nature of the cost. AbbVie\\nbelieves that cash flows from operations will be sufficient to fund these additional corporate expenses.\\nThe historical financial statements do not necessarily include all of the expenses that would have been\\nincurred had AbbVie been a separate, stand-alone entity and may not necessarily reflect AbbVie’s\\nresults of operations, financial position and cash flows had AbbVie been a stand-alone company during\\nthe periods presented. Refer to Note 13 for further description of transactions between AbbVie and\\nAbbott.\\n\\nRESULTS OF OPERATIONS\\n\\nNet Sales\\n\\nfor the years ended (in millions)\\n\\nUnited States\\nInternational\\nNet sales\\n\\n2012\\n\\n2011\\n\\n2010\\n\\n$10,435\\n7,945\\n$18,380\\n\\n$ 9,712\\n7,732\\n$17,444\\n\\n$ 8,971\\n6,667\\n$15,638\\n\\n44\\n\\nPercent change\\nAt actual\\nAt constant\\ncurrency\\ncurrency\\nrates\\nrates\\n2012\\n2011\\n2012\\n2011\\n\\n7%\\n3%\\n5%\\n\\n8%\\n16%\\n12%\\n\\n8%\\n8%\\n8%\\n\\n8%\\n12%\\n9%\"},\"name\":\"fintabnet.ABBV_2012_page_50__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":68775,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:ABBV_2012\",\"dpi\":72,\"gt_sha256\":\"bbb1d1a515bba07624b0c58d29f824635d44ee78541edcd46d509deccef4ccbe\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ABBV_2012_page_50__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.ABBV_2012_page_50\",\"pdf_sha256\":\"48aa76c0ecd17a33b21008d02e27aa71fcf5d57a0c7705003f86fe97aad6caab\",\"px\":[594,774],\"scan\":{\"render\":\"000027fc3ffc3ffc3ffc3ffc3ffc3800200c38fc3ffc00000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"ABBV_2012_page_50\",\"src\":{\"file_sha256\":\"7be963a5f2cf86fe44cc39c4064cac6cde6e97891f0e66950b0755f5af536a5b\",\"render\":\"000028883ffc3ffc3ffc3ffc3ffc2800000c3ffc3ffc00000000000000000000\",\"text\":\"ce557e8d70df9ac2b689cc05638f8f9dbef83bb0666bb128ad2a4bb3b7826f0a\"},\"stack\":[{\"deg\":0.805,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.516},{\"op\":\"jpeg\",\"q\":78}],\"tools\":\"21647cade0ee\"},\"sha256\":\"48aa76c0ecd17a33b21008d02e27aa71fcf5d57a0c7705003f86fe97aad6caab\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/48aa76c0ecd17a33b21008d02e27aa71fcf5d57a0c7705003f86fe97aad6caab.pdf","asset_sha256":"48aa76c0ecd17a33b21008d02e27aa71fcf5d57a0c7705003f86fe97aad6caab","document_id":"fintabnet:ABBV_2012","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ABBV_2012_page_50\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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taxes\"},{\"bbox\":[1743.8,611.7,1858.4,651.1],\"lines\":[{\"bbox\":[1743.8,611.7,1858.4,651.1],\"text\":\"$5,725\"}],\"order\":11,\"text\":\"$5,725\"},{\"bbox\":[1908.4,611.7,2023.0,651.1],\"lines\":[{\"bbox\":[1908.4,611.7,2023.0,651.1],\"text\":\"$3,668\"}],\"order\":12,\"text\":\"$3,668\"},{\"bbox\":[2073.0,611.7,2187.5,651.1],\"lines\":[{\"bbox\":[2073.0,611.7,2187.5,651.1],\"text\":\"$4,836\"}],\"order\":13,\"text\":\"$4,836\"},{\"bbox\":[287.5,823.9,854.7,855.4],\"lines\":[{\"bbox\":[287.5,823.9,854.7,855.4],\"text\":\"years ended December 31 (in millions)\"}],\"order\":14,\"text\":\"years ended December 31 (in millions)\"},{\"bbox\":[1798.7,823.9,1865.3,855.4],\"lines\":[{\"bbox\":[1798.7,823.9,1865.3,855.4],\"text\":\"2012\"}],\"order\":15,\"text\":\"2012\"},{\"bbox\":[1939.9,823.9,2006.6,855.4],\"lines\":[{\"bbox\":[1939.9,823.9,2006.6,855.4],\"text\":\"2011\"}],\"order\":16,\"text\":\"2011\"},{\"bbox\":[2096.8,823.9,2163.5,855.4],\"lines\":[{\"bbox\":[2096.8,823.9,2163.5,855.4],\"text\":\"2010\"}],\"order\":17,\"text\":\"2010\"},{\"bbox\":[287.5,876.3,499.5,1015.7],\"lines\":[{\"bbox\":[287.5,876.3,431.9,915.7],\"text\":\"Current\"},{\"bbox\":[329.2,926.3,499.5,965.7],\"text\":\"Domestic\"},{\"bbox\":[329.2,976.3,467.2,1015.7],\"text\":\"Foreign\"}],\"order\":18,\"text\":\"Current\\nDomestic\\nForeign\"},{\"bbox\":[1790.3,926.3,1873.7,1015.7],\"lines\":[{\"bbox\":[1790.3,926.3,1873.7,965.7],\"text\":\"$ 94\"},{\"bbox\":[1811.2,976.3,1873.7,1015.7],\"text\":\"252\"}],\"order\":19,\"text\":\"$ 94\\n252\"},{\"bbox\":[1923.7,926.3,2022.9,1015.7],\"lines\":[{\"bbox\":[1923.7,926.3,2022.9,965.7],\"text\":\"$ 177\"},{\"bbox\":[1960.4,976.3,2022.9,1015.7],\"text\":\"390\"}],\"order\":20,\"text\":\"$ 177\\n390\"},{\"bbox\":[2072.9,926.3,2187.5,1015.7],\"lines\":[{\"bbox\":[2072.9,926.3,2187.5,965.7],\"text\":\"$ 987\"},{\"bbox\":[2125.0,976.3,2187.5,1015.7],\"text\":\"408\"}],\"order\":21,\"text\":\"$ 987\\n408\"},{\"bbox\":[287.5,1043.0,625.1,1082.3],\"lines\":[{\"bbox\":[287.5,1043.0,625.1,1082.3],\"text\":\"Total current taxes\"}],\"order\":22,\"text\":\"Total current taxes\"},{\"bbox\":[1790.4,1043.0,1873.7,1082.3],\"lines\":[{\"bbox\":[1790.4,1043.0,1873.7,1082.3],\"text\":\"$346\"}],\"order\":23,\"text\":\"$346\"},{\"bbox\":[1923.7,1043.0,2022.9,1082.3],\"lines\":[{\"bbox\":[1923.7,1043.0,2022.9,1082.3],\"text\":\"$ 567\"}],\"order\":24,\"text\":\"$ 567\"},{\"bbox\":[2072.9,1043.0,2187.5,1082.3],\"lines\":[{\"bbox\":[2072.9,1043.0,2187.5,1082.3],\"text\":\"$1,395\"}],\"order\":25,\"text\":\"$1,395\"},{\"bbox\":[287.5,1115.9,499.5,1255.2],\"lines\":[{\"bbox\":[287.5,1115.9,446.1,1155.2],\"text\":\"Deferred\"},{\"bbox\":[329.2,1165.9,499.5,1205.2],\"text\":\"Domestic\"},{\"bbox\":[329.2,1215.9,467.2,1255.2],\"text\":\"Foreign\"}],\"order\":26,\"text\":\"Deferred\\nDomestic\\nForeign\"},{\"bbox\":[1790.3,1165.9,1873.7,1255.2],\"lines\":[{\"bbox\":[1790.3,1165.9,1873.6,1205.2],\"text\":\"$ 89\"},{\"bbox\":[1832.0,1215.9,1873.7,1255.2],\"text\":\"15\"}],\"order\":27,\"text\":\"$ 89\\n15\"},{\"bbox\":[1923.6,1165.9,2203.5,1255.2],\"lines\":[{\"bbox\":[1923.6,1165.9,2203.5,1205.2],\"text\":\"$(198) $ (624)\"},{\"bbox\":[1944.5,1215.9,2038.9,1255.2],\"text\":\"(134)\"},{\"bbox\":[2109.1,1215.9,2203.5,1255.2],\"text\":\"(113)\"}],\"order\":28,\"text\":\"$(198) $ (624)\\n(134)\\n(113)\"},{\"bbox\":[287.5,1282.6,647.9,1321.9],\"lines\":[{\"bbox\":[287.5,1282.6,647.9,1321.9],\"text\":\"Total deferred taxes\"}],\"order\":29,\"text\":\"Total deferred taxes\"},{\"bbox\":[1811.1,1282.6,1873.6,1321.9],\"lines\":[{\"bbox\":[1811.1,1282.6,1873.6,1321.9],\"text\":\"104\"}],\"order\":30,\"text\":\"104\"},{\"bbox\":[1944.4,1282.6,2038.8,1321.9],\"lines\":[{\"bbox\":[1944.4,1282.6,2038.8,1321.9],\"text\":\"(332)\"}],\"order\":31,\"text\":\"(332)\"},{\"bbox\":[2109.1,1282.6,2203.5,1321.9],\"lines\":[{\"bbox\":[2109.1,1282.6,2203.5,1321.9],\"text\":\"(737)\"}],\"order\":32,\"text\":\"(737)\"},{\"bbox\":[287.5,1355.5,625.1,1394.8],\"lines\":[{\"bbox\":[287.5,1355.5,625.1,1394.8],\"text\":\"Total income taxes\"}],\"order\":33,\"text\":\"Total income taxes\"},{\"bbox\":[1790.4,1355.5,1873.7,1394.8],\"lines\":[{\"bbox\":[1790.4,1355.5,1873.7,1394.8],\"text\":\"$450\"}],\"order\":34,\"text\":\"$450\"},{\"bbox\":[1923.7,1355.5,2022.9,1394.8],\"lines\":[{\"bbox\":[1923.7,1355.5,2022.9,1394.8],\"text\":\"$ 235\"}],\"order\":35,\"text\":\"$ 235\"},{\"bbox\":[2072.9,1355.5,2187.5,1394.8],\"lines\":[{\"bbox\":[2072.9,1355.5,2187.5,1394.8],\"text\":\"$ 658\"}],\"order\":36,\"text\":\"$ 658\"},{\"bbox\":[287.5,1567.7,854.7,1599.1],\"lines\":[{\"bbox\":[287.5,1567.7,854.7,1599.1],\"text\":\"years ended December 31 (in millions)\"}],\"order\":37,\"text\":\"years ended December 31 (in millions)\"},{\"bbox\":[1782.1,1567.7,1848.8,1599.1],\"lines\":[{\"bbox\":[1782.1,1567.7,1848.8,1599.1],\"text\":\"2012\"}],\"order\":38,\"text\":\"2012\"},{\"bbox\":[1945.9,1567.7,2012.6,1599.1],\"lines\":[{\"bbox\":[1945.9,1567.7,2012.6,1599.1],\"text\":\"2011\"}],\"order\":39,\"text\":\"2011\"},{\"bbox\":[2109.8,1567.7,2176.4,1599.1],\"lines\":[{\"bbox\":[2109.8,1567.7,2176.4,1599.1],\"text\":\"2010\"}],\"order\":40,\"text\":\"2010\"},{\"bbox\":[287.5,1620.1,1587.2,1959.4],\"lines\":[{\"bbox\":[287.5,1620.1,604.1,1659.4],\"text\":\"Statutory tax rate\"},{\"bbox\":[287.5,1670.1,1587.2,1709.4],\"text\":\"Benefit of lower tax rates and tax exemptions, primarily in Puerto Rico\"},{\"bbox\":[287.5,1720.1,1368.9,1759.4],\"text\":\"Resolution of certain tax positions pertaining to prior years\"},{\"bbox\":[287.5,1770.1,1127.0,1809.4],\"text\":\"Effect of non-deductible litigation loss accrual\"},{\"bbox\":[287.5,1820.1,811.5,1859.4],\"text\":\"Puerto Rico excise tax credit\"},{\"bbox\":[287.5,1870.1,894.6,1909.4],\"text\":\"State taxes, net of federal benefit\"},{\"bbox\":[287.5,1920.1,534.5,1959.4],\"text\":\"All other, net\"}],\"order\":41,\"text\":\"Statutory tax rate\\nBenefit of lower tax rates and tax exemptions, primarily in Puerto Rico\\nResolution of certain tax positions pertaining to prior years\\nEffect of non-deductible litigation loss accrual\\nPuerto Rico excise tax credit\\nState taxes, net of federal benefit\\nAll other, net\"},{\"bbox\":[1771.1,1620.1,2226.7,1959.4],\"lines\":[{\"bbox\":[1786.9,1620.1,2226.7,1659.4],\"text\":\"35.0% 35.0% 35.0%\"},{\"bbox\":[1771.1,1670.1,2203.7,1709.4],\"text\":\"(23.5) (25.4) (22.5)\"},{\"bbox\":[1791.9,1720.1,2039.8,1759.4],\"text\":\"(3.4) (11.2)\"},{\"bbox\":[2145.8,1720.1,2187.5,1759.4],\"text\":\"—\"},{\"bbox\":[1807.8,1770.1,1859.9,1809.4],\"text\":\"0.6\"},{\"bbox\":[1950.8,1770.1,2023.7,1809.4],\"text\":\"12.9\"},{\"bbox\":[2145.8,1770.1,2187.5,1809.4],\"text\":\"—\"},{\"bbox\":[1791.9,1820.1,1875.9,1859.4],\"text\":\"(1.2)\"},{\"bbox\":[1955.7,1820.1,2039.7,1859.4],\"text\":\"(3.2)\"},{\"bbox\":[2145.8,1820.1,2187.5,1859.4],\"text\":\"—\"},{\"bbox\":[1807.8,1870.1,1859.9,1909.4],\"text\":\"0.1\"},{\"bbox\":[1971.6,1870.1,2023.7,1909.4],\"text\":\"0.3\"},{\"bbox\":[2135.5,1870.1,2187.5,1909.4],\"text\":\"0.2\"},{\"bbox\":[1807.8,1920.1,1859.8,1959.4],\"text\":\"0.3\"},{\"bbox\":[1955.7,1920.1,2039.7,1959.4],\"text\":\"(2.0)\"},{\"bbox\":[2135.5,1920.1,2187.6,1959.4],\"text\":\"0.9\"}],\"order\":42,\"text\":\"35.0% 35.0% 35.0%\\n(23.5) (25.4) (22.5)\\n(3.4) (11.2)\\n—\\n0.6\\n12.9\\n—\\n(1.2)\\n(3.2)\\n—\\n0.1\\n0.3\\n0.2\\n0.3\\n(2.0)\\n0.9\"},{\"bbox\":[287.5,734.7,533.8,774.0],\"lines\":[{\"bbox\":[287.5,734.7,533.8,774.0],\"text\":\"Income Taxes\"}],\"order\":43,\"text\":\"Income Taxes\"},{\"bbox\":[287.5,1478.4,890.2,1517.7],\"lines\":[{\"bbox\":[287.5,1478.4,890.2,1517.7],\"text\":\"Effective Tax Rate Reconciliation\"}],\"order\":44,\"text\":\"Effective Tax Rate Reconciliation\"},{\"bbox\":[287.5,1986.7,599.6,2026.1],\"lines\":[{\"bbox\":[287.5,1986.7,599.6,2026.1],\"text\":\"Effective tax rate\"}],\"order\":45,\"text\":\"Effective tax rate\"},{\"bbox\":[1807.8,1986.7,1899.0,2026.1],\"lines\":[{\"bbox\":[1807.8,1986.7,1899.0,2026.1],\"text\":\"7.9%\"}],\"order\":46,\"text\":\"7.9%\"},{\"bbox\":[1971.6,1986.7,2062.9,2026.1],\"lines\":[{\"bbox\":[1971.6,1986.7,2062.9,2026.1],\"text\":\"6.4%\"}],\"order\":47,\"text\":\"6.4%\"},{\"bbox\":[2114.6,1986.7,2226.7,2026.1],\"lines\":[{\"bbox\":[2114.6,1986.7,2226.7,2026.1],\"text\":\"13.6%\"}],\"order\":48,\"text\":\"13.6%\"},{\"bbox\":[287.5,2084.7,2155.0,2424.0],\"lines\":[{\"bbox\":[287.5,2084.7,1999.7,2124.0],\"text\":\"Income taxes in 2012 and 2011 included the recognition of tax benefits totaling approximately\"},{\"bbox\":[287.5,2134.7,2151.2,2174.0],\"text\":\"$195 million and $410 million, respectively, as a result of favorable resolutions of various tax positions\"},{\"bbox\":[287.5,2184.7,2046.1,2224.0],\"text\":\"pertaining to prior years. Income taxes in 2011 also reflected the non-deductibility of a litigation\"},{\"bbox\":[287.5,2234.7,2155.0,2274.0],\"text\":\"reserve. Excluding these discrete items, the effective tax rates were less than the statutory U.S. federal\"},{\"bbox\":[287.5,2284.7,2023.2,2324.0],\"text\":\"income tax rate of 35 percent principally due to the benefit of lower statutory tax rates and tax\"},{\"bbox\":[287.5,2334.7,2139.6,2374.0],\"text\":\"exemptions in Puerto Rico and other foreign taxing jurisdictions, which reduced the tax rates by 23.5,\"},{\"bbox\":[287.5,2384.7,1540.8,2424.0],\"text\":\"25.4 and 22.5 percentage points in 2012, 2011 and 2010, respectively.\"}],\"order\":49,\"text\":\"Income taxes in 2012 and 2011 included the recognition of tax benefits totaling approximately\\n$195 million and $410 million, respectively, as a result of favorable resolutions of various tax positions\\npertaining to prior years. Income taxes in 2011 also reflected the non-deductibility of a litigation\\nreserve. Excluding these discrete items, the effective tax rates were less than the statutory U.S. federal\\nincome tax rate of 35 percent principally due to the benefit of lower statutory tax rates and tax\\nexemptions in Puerto Rico and other foreign taxing jurisdictions, which reduced the tax rates by 23.5,\\n25.4 and 22.5 percentage points in 2012, 2011 and 2010, respectively.\"},{\"bbox\":[287.5,2459.7,2153.1,2699.0],\"lines\":[{\"bbox\":[287.5,2459.7,2039.3,2499.0],\"text\":\"In 2010, Puerto Rico enacted legislation that assesses an excise tax beginning in 2011 on certain\"},{\"bbox\":[287.5,2509.7,2146.4,2549.0],\"text\":\"products manufactured in Puerto Rico. The tax is levied on gross inventory purchases from entities in\"},{\"bbox\":[287.5,2559.7,2067.0,2599.0],\"text\":\"Puerto Rico and is included in cost of products sold in the combined statements of earnings. The\"},{\"bbox\":[287.5,2609.7,2153.1,2649.0],\"text\":\"majority of the tax is creditable for U.S. income tax purposes. In 2012 and 2011, the excise tax totaled\"},{\"bbox\":[287.5,2659.7,1341.1,2699.0],\"text\":\"approximately $180 million and $105 million, respectively.\"}],\"order\":50,\"text\":\"In 2010, Puerto Rico enacted legislation that assesses an excise tax beginning in 2011 on certain\\nproducts manufactured in Puerto Rico. The tax is levied on gross inventory purchases from entities in\\nPuerto Rico and is included in cost of products sold in the combined statements of earnings. The\\nmajority of the tax is creditable for U.S. income tax purposes. In 2012 and 2011, the excise tax totaled\\napproximately $180 million and $105 million, respectively.\"},{\"bbox\":[1216.7,2932.6,1258.3,2971.9],\"lines\":[{\"bbox\":[1216.7,2932.6,1258.3,2971.9],\"text\":\"90\"}],\"order\":51,\"text\":\"90\"}],\"doc\":\"fintabnet:ABBV_2012\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"Note 11 Income Taxes\\n\\nEarnings Before Income Taxes\\n\\nyears ended December 31 (in millions)\\n\\n2012\\n\\n2011\\n\\n2010\\n\\nDomestic\\nForeign\\n\\n$ 625\\n5,100\\n\\n$ 626\\n3,042\\n\\n$ (191)\\n5,027\\n\\nTotal earnings before income taxes\\n\\n$5,725\\n\\n$3,668\\n\\n$4,836\\n\\nyears ended December 31 (in millions)\\n\\n2012\\n\\n2011\\n\\n2010\\n\\nCurrent\\nDomestic\\nForeign\\n\\n$ 94\\n252\\n\\n$ 177\\n390\\n\\n$ 987\\n408\\n\\nTotal current taxes\\n\\n$346\\n\\n$ 567\\n\\n$1,395\\n\\nDeferred\\nDomestic\\nForeign\\n\\n$ 89\\n15\\n\\n$(198) $ (624)\\n(134)\\n(113)\\n\\nTotal deferred taxes\\n\\n104\\n\\n(332)\\n\\n(737)\\n\\nTotal income taxes\\n\\n$450\\n\\n$ 235\\n\\n$ 658\\n\\nyears ended December 31 (in millions)\\n\\n2012\\n\\n2011\\n\\n2010\\n\\nStatutory tax rate\\nBenefit of lower tax rates and tax exemptions, primarily in Puerto Rico\\nResolution of certain tax positions pertaining to prior years\\nEffect of non-deductible litigation loss accrual\\nPuerto Rico excise tax credit\\nState taxes, net of federal benefit\\nAll other, net\\n\\n35.0% 35.0% 35.0%\\n(23.5) (25.4) (22.5)\\n(3.4) (11.2)\\n—\\n0.6\\n12.9\\n—\\n(1.2)\\n(3.2)\\n—\\n0.1\\n0.3\\n0.2\\n0.3\\n(2.0)\\n0.9\\n\\nIncome Taxes\\n\\nEffective Tax Rate Reconciliation\\n\\nEffective tax rate\\n\\n7.9%\\n\\n6.4%\\n\\n13.6%\\n\\nIncome taxes in 2012 and 2011 included the recognition of tax benefits totaling approximately\\n$195 million and $410 million, respectively, as a result of favorable resolutions of various tax positions\\npertaining to prior years. Income taxes in 2011 also reflected the non-deductibility of a litigation\\nreserve. Excluding these discrete items, the effective tax rates were less than the statutory U.S. federal\\nincome tax rate of 35 percent principally due to the benefit of lower statutory tax rates and tax\\nexemptions in Puerto Rico and other foreign taxing jurisdictions, which reduced the tax rates by 23.5,\\n25.4 and 22.5 percentage points in 2012, 2011 and 2010, respectively.\\n\\nIn 2010, Puerto Rico enacted legislation that assesses an excise tax beginning in 2011 on certain\\nproducts manufactured in Puerto Rico. The tax is levied on gross inventory purchases from entities in\\nPuerto Rico and is included in cost of products sold in the combined statements of earnings. The\\nmajority of the tax is creditable for U.S. income tax purposes. In 2012 and 2011, the excise tax totaled\\napproximately $180 million and $105 million, respectively.\\n\\n90\",\"name\":\"fintabnet.ABBV_2012_page_96__300dpi_medium\",\"page_id\":\"fintabnet.ABBV_2012_page_96\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"ABBV_2012_page_96\",\"stack\":[{\"amp\":0.128,\"angle\":188.4,\"blob\":0.386,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.767},{\"op\":\"noise\",\"sigma\":5.047},{\"op\":\"jpeg\",\"q\":61}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[287.5,434.3,2203.5,652.1],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13],\"cells\":null},{\"bbox\":[287.5,1559.3,2226.7,2027.1],\"block_orders\":[37,38,39,40,41,42,45,46,47,48],\"cells\":null}],\"text\":\"Note 11 Income Taxes\\n\\nEarnings Before Income Taxes\\n\\nyears ended December 31 (in millions)\\n\\n2012\\n\\n2011\\n\\n2010\\n\\nDomestic\\nForeign\\n\\n$ 625\\n5,100\\n\\n$ 626\\n3,042\\n\\n$ (191)\\n5,027\\n\\nTotal earnings before income taxes\\n\\n$5,725\\n\\n$3,668\\n\\n$4,836\\n\\nyears ended December 31 (in millions)\\n\\n2012\\n\\n2011\\n\\n2010\\n\\nCurrent\\nDomestic\\nForeign\\n\\n$ 94\\n252\\n\\n$ 177\\n390\\n\\n$ 987\\n408\\n\\nTotal current taxes\\n\\n$346\\n\\n$ 567\\n\\n$1,395\\n\\nDeferred\\nDomestic\\nForeign\\n\\n$ 89\\n15\\n\\n$(198) $ (624)\\n(134)\\n(113)\\n\\nTotal deferred taxes\\n\\n104\\n\\n(332)\\n\\n(737)\\n\\nTotal income taxes\\n\\n$450\\n\\n$ 235\\n\\n$ 658\\n\\nyears ended December 31 (in millions)\\n\\n2012\\n\\n2011\\n\\n2010\\n\\nStatutory tax rate\\nBenefit of lower tax rates and tax exemptions, primarily in Puerto Rico\\nResolution of certain tax positions pertaining to prior years\\nEffect of non-deductible litigation loss accrual\\nPuerto Rico excise tax credit\\nState taxes, net of federal benefit\\nAll other, net\\n\\n35.0% 35.0% 35.0%\\n(23.5) (25.4) (22.5)\\n(3.4) (11.2)\\n—\\n0.6\\n12.9\\n—\\n(1.2)\\n(3.2)\\n—\\n0.1\\n0.3\\n0.2\\n0.3\\n(2.0)\\n0.9\\n\\nIncome Taxes\\n\\nEffective Tax Rate Reconciliation\\n\\nEffective tax rate\\n\\n7.9%\\n\\n6.4%\\n\\n13.6%\\n\\nIncome taxes in 2012 and 2011 included the recognition of tax benefits totaling approximately\\n$195 million and $410 million, respectively, as a result of favorable resolutions of various tax positions\\npertaining to prior years. Income taxes in 2011 also reflected the non-deductibility of a litigation\\nreserve. Excluding these discrete items, the effective tax rates were less than the statutory U.S. federal\\nincome tax rate of 35 percent principally due to the benefit of lower statutory tax rates and tax\\nexemptions in Puerto Rico and other foreign taxing jurisdictions, which reduced the tax rates by 23.5,\\n25.4 and 22.5 percentage points in 2012, 2011 and 2010, respectively.\\n\\nIn 2010, Puerto Rico enacted legislation that assesses an excise tax beginning in 2011 on certain\\nproducts manufactured in Puerto Rico. The tax is levied on gross inventory purchases from entities in\\nPuerto Rico and is included in cost of products sold in the combined statements of earnings. The\\nmajority of the tax is creditable for U.S. income tax purposes. 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and\\nComputershare Investor\\nServices, LLC\\n\\n8-K\\n\\n7/03/00\\n\\n1\\n\\n4.1.1\\n\\nAmendment No. 1 to Fourth\\nAmended and Restated\\nRights Agreement between\\nAdobe Systems Incorporated\\nand Computershare Investor\\nServices, LLC\\n\\n8-A/2G/A\\n\\n5/23/03\\n\\n7\\n\\n4.2\\n\\nSpecimen Common Stock\\nCertificate\\n\\nS-3\\n\\n1/15/2010\\n\\n4.3\\n\\n10.1\\n\\nAmended 1994 Performance\\nand Restricted Stock Plan*\\n\\n10-Q\\n\\n4/4/08\\n\\n10.2\\n\\n10.2\\n\\nForm of Restricted Stock\\nAgreement used in\\nconnection with the\\nAmended 1994 Performance\\nand Restricted Stock Plan*\\n\\n10-K\\n\\n1/23/09\\n\\n10.3\\n\\n10.3\\n\\n1997 Employee Stock\\nPurchase Plan, as amended*\\n\\n10-K\\n\\n1/24/08\\n\\n10.5\\n\\n10.4\\n\\n1996 Outside Directors Stock\\nOption Plan, as amended*\\n\\n10-Q\\n\\n4/12/06\\n\\n10.6\\n\\n130\"},\"name\":\"fintabnet.ADBE_2009_page_130__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":52471,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:ADBE_2009\",\"dpi\":150,\"gt_sha256\":\"2928f7c6422426e5e8d7484a3f8b08f93ff3dd8168aa251184af42dac2e04909\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ADBE_2009_page_130__150dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.ADBE_2009_page_130\",\"pdf_sha256\":\"e650c0aa9882f064e8855d6edf8aa180b51a593f70793f0ebaf80dff6e239e5a\",\"px\":[1275,1650],\"scan\":{\"render\":\"000301670dff1c6f1c6f1c2f0c2f181f0c2f083f003f0c3f0c3f0e3f007f00ff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"ADBE_2009_page_130\",\"src\":{\"file_sha256\":\"785f78d6e6e61d7c289dc518b5d2f81c824fe03885b9da7b4b172ac672d83012\",\"render\":\"000001807dfe1c001c001e001c001c001e001c001e201e001c001e0000000000\",\"text\":\"7cc8516e2ed79abca3829c32e243e9b34d5943bea4dc402e662423c43624a0cb\"},\"stack\":[{\"deg\":2.688,\"op\":\"skew\"},{\"amp\":0.206,\"angle\":29.7,\"blob\":0.353,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":5.787,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":10.321},{\"gain\":0.46,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":30}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e650c0aa9882f064e8855d6edf8aa180b51a593f70793f0ebaf80dff6e239e5a\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e650c0aa9882f064e8855d6edf8aa180b51a593f70793f0ebaf80dff6e239e5a.pdf","asset_sha256":"e650c0aa9882f064e8855d6edf8aa180b51a593f70793f0ebaf80dff6e239e5a","document_id":"fintabnet:ADBE_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ADBE_2009_page_130\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ADBE_2018_page_66\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ADBE_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[524.0,19.2,672.8,49.5],\"lines\":[{\"bbox\":[524.0,19.2,672.8,49.5],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[539.1,69.7,662.8,98.8],\"lines\":[{\"bbox\":[539.1,69.7,662.8,98.8],\"text\":\"ADOBE INC.\"}],\"order\":1,\"text\":\"ADOBE INC.\"},{\"bbox\":[277.1,106.4,934.8,161.8],\"lines\":[{\"bbox\":[277.1,106.4,934.8,161.8],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\"}],\"order\":2,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\"},{\"bbox\":[74.0,222.1,598.2,270.9],\"lines\":[{\"bbox\":[74.0,222.1,598.2,270.9],\"text\":\"Goodwill, Purchased Intangibles and Other Long-Lived Assets\"}],\"order\":3,\"text\":\"Goodwill, Purchased Intangibles and Other Long-Lived Assets\"},{\"bbox\":[76.1,238.9,1153.6,514.4],\"lines\":[{\"bbox\":[132.3,238.9,1143.8,311.9],\"text\":\"Goodwill is assigned to one or more reporting segments on the date of acquisition. We review our goodwill for impairment\"},{\"bbox\":[77.4,263.9,1144.9,339.6],\"text\":\"annually during our second quarter of each fiscal year and between annual tests if an event occurs or circumstances change that\"},{\"bbox\":[78.6,288.9,1146.2,364.6],\"text\":\"would more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount. In performing\"},{\"bbox\":[79.8,313.9,1147.4,389.5],\"text\":\"our goodwill impairment test, we first perform a qualitative assessment, which requires that we consider events or circumstances\"},{\"bbox\":[81.1,338.8,1148.6,414.5],\"text\":\"including macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in\"},{\"bbox\":[82.3,363.8,1149.9,439.5],\"text\":\"management or key personnel, changes in strategy, changes in customers, changes in the composition or carrying amount of a\"},{\"bbox\":[83.5,388.8,1151.1,464.4],\"text\":\"reporting segment’s net assets and changes in our stock price. If, after assessing the totality of events or circumstances, we determine\"},{\"bbox\":[84.8,413.7,1152.4,489.4],\"text\":\"that it is more likely than not that the fair values of our reporting segments are greater than the carrying amounts, then the quantitative\"},{\"bbox\":[86.0,473.7,444.3,514.4],\"text\":\"goodwill impairment test is not performed.\"}],\"order\":4,\"text\":\"Goodwill is assigned to one or more reporting segments on the date of acquisition. We review our goodwill for impairment\\nannually during our second quarter of each fiscal year and between annual tests if an event occurs or circumstances change that\\nwould more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount. In performing\\nour goodwill impairment test, we first perform a qualitative assessment, which requires that we consider events or circumstances\\nincluding macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in\\nmanagement or key personnel, changes in strategy, changes in customers, changes in the composition or carrying amount of a\\nreporting segment’s net assets and changes in our stock price. If, after assessing the totality of events or circumstances, we determine\\nthat it is more likely than not that the fair values of our reporting segments are greater than the carrying amounts, then the quantitative\\ngoodwill impairment test is not performed.\"},{\"bbox\":[88.5,488.6,1161.0,664.2],\"lines\":[{\"bbox\":[144.7,488.6,1156.0,561.5],\"text\":\"If the qualitative assessment indicates that the quantitative analysis should be performed, we then evaluate goodwill for\"},{\"bbox\":[89.7,513.6,1157.2,589.3],\"text\":\"impairment by comparing the fair value of each of our reporting segments to its carrying value, including the associated goodwill.\"},{\"bbox\":[90.9,538.6,1158.5,614.3],\"text\":\"To determine the fair values, we use the equal weighting of the market approach based on comparable publicly traded companies\"},{\"bbox\":[92.2,563.6,1159.8,639.2],\"text\":\"in similar lines of businesses and the income approach based on estimated discounted future cash flows. Our cash flow assumptions\"},{\"bbox\":[93.4,606.2,802.9,664.2],\"text\":\"consider historical and forecasted revenue, operating costs and other relevant factors.\"}],\"order\":5,\"text\":\"If the qualitative assessment indicates that the quantitative analysis should be performed, we then evaluate goodwill for\\nimpairment by comparing the fair value of each of our reporting segments to its carrying value, including the associated goodwill.\\nTo determine the fair values, we use the equal weighting of the market approach based on comparable publicly traded companies\\nin similar lines of businesses and the income approach based on estimated discounted future cash flows. Our cash flow assumptions\\nconsider historical and forecasted revenue, operating costs and other relevant factors.\"},{\"bbox\":[95.9,638.5,1168.4,814.0],\"lines\":[{\"bbox\":[152.0,638.5,1163.4,711.4],\"text\":\"We completed our annual goodwill impairment test in the second quarter of fiscal 2018. We determined, after performing\"},{\"bbox\":[97.1,663.4,1164.7,739.1],\"text\":\"a qualitative review of each reporting segment, that it is more likely than not that the fair value of each of our reporting segments\"},{\"bbox\":[98.3,688.4,1165.9,764.1],\"text\":\"substantially exceeds the respective carrying amounts. Accordingly, there was no indication of impairment and the quantitative\"},{\"bbox\":[99.6,713.4,1167.2,789.0],\"text\":\"goodwill impairment test was not performed. We did not identify any events or changes in circumstances since the performance\"},{\"bbox\":[100.8,738.3,1168.4,814.0],\"text\":\"of our annual goodwill impairment test that would require us to perform another goodwill impairment test during the fiscal year.\"}],\"order\":6,\"text\":\"We completed our annual goodwill impairment test in the second quarter of fiscal 2018. We determined, after performing\\na qualitative review of each reporting segment, that it is more likely than not that the fair value of each of our reporting segments\\nsubstantially exceeds the respective carrying amounts. Accordingly, there was no indication of impairment and the quantitative\\ngoodwill impairment test was not performed. We did not identify any events or changes in circumstances since the performance\\nof our annual goodwill impairment test that would require us to perform another goodwill impairment test during the fiscal year.\"},{\"bbox\":[103.3,788.3,1178.2,1013.8],\"lines\":[{\"bbox\":[159.4,788.3,1170.8,861.2],\"text\":\"We amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever\"},{\"bbox\":[104.5,813.2,1172.1,888.9],\"text\":\"an impairment indicator exists. We continually monitor events and changes in circumstances that could indicate carrying amounts\"},{\"bbox\":[105.7,838.2,1173.3,913.9],\"text\":\"of our long-lived assets, including our intangible assets may not be recoverable. When such events or changes in circumstances\"},{\"bbox\":[107.0,863.2,1174.5,938.9],\"text\":\"occur, we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted\"},{\"bbox\":[108.2,888.2,1175.8,963.8],\"text\":\"expected future cash flows. If the future undiscounted cash flows are less than the carrying amount of these assets, we recognize\"},{\"bbox\":[109.4,913.1,1177.0,988.8],\"text\":\"an impairment loss based on any excess of the carrying amount over the fair value of the assets. We did not recognize any intangible\"},{\"bbox\":[110.7,968.3,566.8,1013.8],\"text\":\"asset impairment charges in fiscal 2018, 2017 or 2016.\"}],\"order\":7,\"text\":\"We amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever\\nan impairment indicator exists. We continually monitor events and changes in circumstances that could indicate carrying amounts\\nof our long-lived assets, including our intangible assets may not be recoverable. When such events or changes in circumstances\\noccur, we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted\\nexpected future cash flows. If the future undiscounted cash flows are less than the carrying amount of these assets, we recognize\\nan impairment loss based on any excess of the carrying amount over the fair value of the assets. We did not recognize any intangible\\nasset impairment charges in fiscal 2018, 2017 or 2016.\"},{\"bbox\":[113.1,988.0,1183.2,1113.7],\"lines\":[{\"bbox\":[169.3,988.0,1180.7,1060.9],\"text\":\"During fiscal 2018, our intangible assets were amortized over their estimated useful lives ranging from 1 to 14 years.\"},{\"bbox\":[114.4,1013.0,1181.9,1088.7],\"text\":\"Amortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line\"},{\"bbox\":[115.6,1038.3,1176.1,1113.7],\"text\":\"basis when the consumption pattern is not apparent. The weighted average useful lives of our intangible assets were as follows:\"}],\"order\":8,\"text\":\"During fiscal 2018, our intangible assets were amortized over their estimated useful lives ranging from 1 to 14 years.\\nAmortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line\\nbasis when the consumption pattern is not apparent. The weighted average useful lives of our intangible assets were as follows:\"},{\"bbox\":[1075.2,1081.5,1156.8,1153.8],\"lines\":[{\"bbox\":[1080.6,1081.8,1149.0,1103.6],\"text\":\"Weighted\"},{\"bbox\":[1086.2,1098.7,1145.0,1120.0],\"text\":\"Average\"},{\"bbox\":[1076.9,1114.8,1155.9,1137.1],\"text\":\"Useful Life\"},{\"bbox\":[1092.3,1132.2,1142.2,1153.0],\"text\":\"(years)\"}],\"order\":9,\"text\":\"Weighted\\nAverage\\nUseful Life\\n(years)\"},{\"bbox\":[127.6,1191.5,443.9,1375.4],\"lines\":[{\"bbox\":[127.6,1197.6,311.9,1229.7],\"text\":\"Purchased technology\"},{\"bbox\":[129.0,1220.6,438.2,1258.9],\"text\":\"Customer contracts and relationships\"},{\"bbox\":[130.4,1260.1,230.6,1288.0],\"text\":\"Trademarks\"},{\"bbox\":[131.9,1280.2,415.1,1317.1],\"text\":\"Acquired rights to use technology\"},{\"bbox\":[133.3,1319.8,203.8,1346.2],\"text\":\"Backlog\"},{\"bbox\":[134.8,1345.2,279.8,1375.4],\"text\":\"Other intangibles\"}],\"order\":10,\"text\":\"Purchased technology\\nCustomer contracts and relationships\\nTrademarks\\nAcquired rights to use technology\\nBacklog\\nOther intangibles\"},{\"bbox\":[1107.6,1157.3,1136.8,1327.0],\"lines\":[{\"bbox\":[1112.8,1157.5,1124.4,1181.1],\"text\":\"6\"},{\"bbox\":[1114.3,1186.7,1125.8,1210.2],\"text\":\"9\"},{\"bbox\":[1115.7,1215.8,1127.2,1239.3],\"text\":\"9\"},{\"bbox\":[1111.9,1244.7,1133.9,1268.7],\"text\":\"10\"},{\"bbox\":[1118.6,1274.1,1130.1,1297.6],\"text\":\"2\"},{\"bbox\":[1120.0,1303.2,1131.6,1326.7],\"text\":\"4\"}],\"order\":11,\"text\":\"6\\n9\\n9\\n10\\n2\\n4\"},{\"bbox\":[131.1,1399.2,245.3,1427.9],\"lines\":[{\"bbox\":[131.1,1399.2,245.3,1427.9],\"text\":\"Income Taxes\"}],\"order\":12,\"text\":\"Income Taxes\"},{\"bbox\":[133.3,1395.9,1205.8,1571.4],\"lines\":[{\"bbox\":[189.4,1395.9,1200.8,1468.8],\"text\":\"We use the asset and liability method of accounting for income taxes. Under this method, income tax expense is recognized\"},{\"bbox\":[134.5,1420.8,1202.1,1496.5],\"text\":\"for the amount of taxes payable or refundable for the current year. In addition, deferred tax assets and liabilities are recognized\"},{\"bbox\":[135.7,1445.8,1203.3,1521.5],\"text\":\"for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities,\"},{\"bbox\":[137.0,1470.8,1204.5,1546.5],\"text\":\"and for operating losses and tax credit carryforwards. We record a valuation allowance to reduce deferred tax assets to an amount\"},{\"bbox\":[138.2,1530.1,510.3,1571.4],\"text\":\"for which realization is more likely than not.\"}],\"order\":13,\"text\":\"We use the asset and liability method of accounting for income taxes. Under this method, income tax expense is recognized\\nfor the amount of taxes payable or refundable for the current year. In addition, deferred tax assets and liabilities are recognized\\nfor expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities,\\nand for operating losses and tax credit carryforwards. We record a valuation allowance to reduce deferred tax assets to an amount\\nfor which realization is more likely than not.\"},{\"bbox\":[663.4,1560.0,685.3,1584.1],\"lines\":[{\"bbox\":[663.4,1560.0,685.3,1584.1],\"text\":\"66\"}],\"order\":14,\"text\":\"66\"}],\"doc\":\"fintabnet:ADBE_2018\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nADOBE INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\\n\\nGoodwill, Purchased Intangibles and Other Long-Lived Assets\\n\\nGoodwill is assigned to one or more reporting segments on the date of acquisition. We review our goodwill for impairment\\nannually during our second quarter of each fiscal year and between annual tests if an event occurs or circumstances change that\\nwould more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount. In performing\\nour goodwill impairment test, we first perform a qualitative assessment, which requires that we consider events or circumstances\\nincluding macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in\\nmanagement or key personnel, changes in strategy, changes in customers, changes in the composition or carrying amount of a\\nreporting segment’s net assets and changes in our stock price. If, after assessing the totality of events or circumstances, we determine\\nthat it is more likely than not that the fair values of our reporting segments are greater than the carrying amounts, then the quantitative\\ngoodwill impairment test is not performed.\\n\\nIf the qualitative assessment indicates that the quantitative analysis should be performed, we then evaluate goodwill for\\nimpairment by comparing the fair value of each of our reporting segments to its carrying value, including the associated goodwill.\\nTo determine the fair values, we use the equal weighting of the market approach based on comparable publicly traded companies\\nin similar lines of businesses and the income approach based on estimated discounted future cash flows. Our cash flow assumptions\\nconsider historical and forecasted revenue, operating costs and other relevant factors.\\n\\nWe completed our annual goodwill impairment test in the second quarter of fiscal 2018. We determined, after performing\\na qualitative review of each reporting segment, that it is more likely than not that the fair value of each of our reporting segments\\nsubstantially exceeds the respective carrying amounts. Accordingly, there was no indication of impairment and the quantitative\\ngoodwill impairment test was not performed. We did not identify any events or changes in circumstances since the performance\\nof our annual goodwill impairment test that would require us to perform another goodwill impairment test during the fiscal year.\\n\\nWe amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever\\nan impairment indicator exists. We continually monitor events and changes in circumstances that could indicate carrying amounts\\nof our long-lived assets, including our intangible assets may not be recoverable. When such events or changes in circumstances\\noccur, we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted\\nexpected future cash flows. If the future undiscounted cash flows are less than the carrying amount of these assets, we recognize\\nan impairment loss based on any excess of the carrying amount over the fair value of the assets. We did not recognize any intangible\\nasset impairment charges in fiscal 2018, 2017 or 2016.\\n\\nDuring fiscal 2018, our intangible assets were amortized over their estimated useful lives ranging from 1 to 14 years.\\nAmortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line\\nbasis when the consumption pattern is not apparent. The weighted average useful lives of our intangible assets were as follows:\\n\\n|  | Weighted AverageUseful Life (years) |\\n| --- | --- |\\n| Purchased technology | 6 |\\n| Customer contracts and relationships | 9 |\\n| Trademarks | 9 |\\n| Acquired rights to use technology | 10 |\\n| Backlog | 2 |\\n| Other intangibles | 4 |\\n\\nIncome Taxes\\n\\nWe use the asset and liability method of accounting for income taxes. Under this method, income tax expense is recognized\\nfor the amount of taxes payable or refundable for the current year. In addition, deferred tax assets and liabilities are recognized\\nfor expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities,\\nand for operating losses and tax credit carryforwards. We record a valuation allowance to reduce deferred tax assets to an amount\\nfor which realization is more likely than not.\\n\\n66\",\"name\":\"fintabnet.ADBE_2018_page_66__150dpi_heavy\",\"page_id\":\"fintabnet.ADBE_2018_page_66\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.826,\"source\":\"fintabnet\",\"source_id\":\"ADBE_2018_page_66\",\"stack\":[{\"deg\":2.826,\"op\":\"skew\"},{\"amp\":0.196,\"angle\":22.2,\"blob\":0.273,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.715},{\"op\":\"noise\",\"sigma\":10.328},{\"gain\":0.624,\"op\":\"contrast\"},{\"offset\":0.046,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[123.7,1077.6,1169.5,1375.4],\"block_orders\":[9,10,11],\"cells\":[{\"bbox\":[1075.3,1083.3,1156.8,1153.8],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"Weighted AverageUseful Life (years)\"},{\"bbox\":[127.7,1199.9,311.9,1229.7],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Purchased technology\"},{\"bbox\":[1112.9,1159.8,1124.4,1181.1],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"6\"},{\"bbox\":[129.1,1222.8,438.2,1258.9],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Customer contracts and relationships\"},{\"bbox\":[1114.4,1188.9,1125.8,1210.2],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"9\"},{\"bbox\":[130.6,1262.3,230.6,1288.0],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Trademarks\"},{\"bbox\":[1115.8,1218.0,1127.2,1239.3],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"9\"},{\"bbox\":[132.0,1282.4,415.1,1317.1],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Acquired rights to use technology\"},{\"bbox\":[1112.1,1246.9,1133.9,1268.7],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"10\"},{\"bbox\":[133.4,1322.0,203.8,1346.2],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Backlog\"},{\"bbox\":[1118.7,1276.3,1130.1,1297.6],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"2\"},{\"bbox\":[134.9,1347.5,279.8,1375.4],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Other intangibles\"},{\"bbox\":[1120.1,1305.4,1131.6,1326.7],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"4\"}]}],\"text\":\"Table of Contents\\n\\nADOBE INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\\n\\nGoodwill, Purchased Intangibles and Other Long-Lived Assets\\n\\nGoodwill is assigned to one or more reporting segments on the date of acquisition. We review our goodwill for impairment\\nannually during our second quarter of each fiscal year and between annual tests if an event occurs or circumstances change that\\nwould more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount. In performing\\nour goodwill impairment test, we first perform a qualitative assessment, which requires that we consider events or circumstances\\nincluding macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in\\nmanagement or key personnel, changes in strategy, changes in customers, changes in the composition or carrying amount of a\\nreporting segment’s net assets and changes in our stock price. If, after assessing the totality of events or circumstances, we determine\\nthat it is more likely than not that the fair values of our reporting segments are greater than the carrying amounts, then the quantitative\\ngoodwill impairment test is not performed.\\n\\nIf the qualitative assessment indicates that the quantitative analysis should be performed, we then evaluate goodwill for\\nimpairment by comparing the fair value of each of our reporting segments to its carrying value, including the associated goodwill.\\nTo determine the fair values, we use the equal weighting of the market approach based on comparable publicly traded companies\\nin similar lines of businesses and the income approach based on estimated discounted future cash flows. Our cash flow assumptions\\nconsider historical and forecasted revenue, operating costs and other relevant factors.\\n\\nWe completed our annual goodwill impairment test in the second quarter of fiscal 2018. We determined, after performing\\na qualitative review of each reporting segment, that it is more likely than not that the fair value of each of our reporting segments\\nsubstantially exceeds the respective carrying amounts. Accordingly, there was no indication of impairment and the quantitative\\ngoodwill impairment test was not performed. We did not identify any events or changes in circumstances since the performance\\nof our annual goodwill impairment test that would require us to perform another goodwill impairment test during the fiscal year.\\n\\nWe amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever\\nan impairment indicator exists. We continually monitor events and changes in circumstances that could indicate carrying amounts\\nof our long-lived assets, including our intangible assets may not be recoverable. When such events or changes in circumstances\\noccur, we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted\\nexpected future cash flows. If the future undiscounted cash flows are less than the carrying amount of these assets, we recognize\\nan impairment loss based on any excess of the carrying amount over the fair value of the assets. We did not recognize any intangible\\nasset impairment charges in fiscal 2018, 2017 or 2016.\\n\\nDuring fiscal 2018, our intangible assets were amortized over their estimated useful lives ranging from 1 to 14 years.\\nAmortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line\\nbasis when the consumption pattern is not apparent. The weighted average useful lives of our intangible assets were as follows:\\n\\nWeighted\\nAverage\\nUseful Life\\n(years)\\n\\nPurchased technology\\nCustomer contracts and relationships\\nTrademarks\\nAcquired rights to use technology\\nBacklog\\nOther intangibles\\n\\n6\\n9\\n9\\n10\\n2\\n4\\n\\nIncome Taxes\\n\\nWe use the asset and liability method of accounting for income taxes. Under this method, income tax expense is recognized\\nfor the amount of taxes payable or refundable for the current year. In addition, deferred tax assets and liabilities are recognized\\nfor expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities,\\nand for operating losses and tax credit carryforwards. We record a valuation allowance to reduce deferred tax assets to an amount\\nfor which realization is more likely than not.\\n\\n66\"},\"name\":\"fintabnet.ADBE_2018_page_66__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":188222,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:ADBE_2018\",\"dpi\":150,\"gt_sha256\":\"bfdce27c94918f9a111862343776e30552bdc3234b56755a106b4f6b4f644ac2\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ADBE_2018_page_66__150dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.ADBE_2018_page_66\",\"pdf_sha256\":\"5640ee619c6833b7ebf12f29081a937f5329a3861118f5bf09fc07cbb8d505df\",\"px\":[1275,1650],\"scan\":{\"render\":\"01000000031c7ffe7e7c3ffe3ffe7ffe3ffe367e37fe003e207f000f3fff0003\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"ADBE_2018_page_66\",\"src\":{\"file_sha256\":\"d40ea0c58de0f77f4b0688b0f6fa5ca99d0add81d0801ac775d92336a8d5566d\",\"render\":\"018000003f087ffe7c487ffe3fe47ffe7ffe3ff818443004780400007ffe0000\",\"text\":\"a2df13887089c3e92a6ad9b7b8b3e57ff15522e8ccb97ccb0fb70ba5cc67ccc2\"},\"stack\":[{\"deg\":2.826,\"op\":\"skew\"},{\"amp\":0.196,\"angle\":22.2,\"blob\":0.273,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.715},{\"op\":\"noise\",\"sigma\":10.328},{\"gain\":0.624,\"op\":\"contrast\"},{\"offset\":0.046,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"5640ee619c6833b7ebf12f29081a937f5329a3861118f5bf09fc07cbb8d505df\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/5640ee619c6833b7ebf12f29081a937f5329a3861118f5bf09fc07cbb8d505df.pdf","asset_sha256":"5640ee619c6833b7ebf12f29081a937f5329a3861118f5bf09fc07cbb8d505df","document_id":"fintabnet:ADBE_2018","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ADBE_2018_page_66\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ADM_2013_page_87\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ADM_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[65.1,111.0,128.4,136.2],\"lines\":[{\"bbox\":[65.1,111.0,128.4,136.2],\"text\":\"Item 2.\"}],\"order\":0,\"text\":\"Item 2.\"},{\"bbox\":[169.3,101.0,415.3,132.6],\"lines\":[{\"bbox\":[169.3,101.0,415.3,132.6],\"text\":\"PROPERTIES (Continued)\"}],\"order\":1,\"text\":\"PROPERTIES (Continued)\"},{\"bbox\":[867.7,115.6,1116.5,224.1],\"lines\":[{\"bbox\":[895.6,116.6,1085.6,146.2],\"text\":\"Agricultural Services\"},{\"bbox\":[890.4,137.1,1093.1,167.2],\"text\":\"Procurement Facilities\"},{\"bbox\":[869.4,165.5,1115.6,197.1],\"text\":\"Merchandising & 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1,000's)\"},{\"bbox\":[439.1,593.3,505.9,618.7],\"lines\":[{\"bbox\":[439.1,593.3,505.9,618.7],\"text\":\"Europe\"}],\"order\":21,\"text\":\"Europe\"},{\"bbox\":[84.4,628.2,301.8,929.2],\"lines\":[{\"bbox\":[84.4,632.7,162.7,658.5],\"text\":\"Germany\"},{\"bbox\":[85.3,659.9,159.0,685.5],\"text\":\"Hungary\"},{\"bbox\":[86.3,687.5,146.1,712.6],\"text\":\"Ireland\"},{\"bbox\":[87.2,714.0,163.2,739.7],\"text\":\"Romania\"},{\"bbox\":[88.2,741.4,156.0,766.8],\"text\":\"Ukraine\"},{\"bbox\":[101.6,768.8,146.4,793.4],\"text\":\"Total\"},{\"bbox\":[90.0,793.0,229.1,820.9],\"text\":\"Storage capacity\"},{\"bbox\":[103.5,817.7,299.0,847.6],\"text\":\"Metric tons (in 1,000's)\"},{\"bbox\":[104.4,848.0,206.5,874.6],\"text\":\"Grand Total\"},{\"bbox\":[92.9,872.7,277.6,902.1],\"text\":\"Total storage capacity\"},{\"bbox\":[106.3,898.9,301.8,928.8],\"text\":\"Metric tons (in 1,000's)\"}],\"order\":22,\"text\":\"Germany\\nHungary\\nIreland\\nRomania\\nUkraine\\nTotal\\nStorage capacity\\nMetric tons (in 1,000's)\\nGrand Total\\nTotal storage capacity\\nMetric tons (in 1,000's)\"},{\"bbox\":[89.5,925.5,1160.6,1035.8],\"lines\":[{\"bbox\":[89.5,925.5,1158.9,985.8],\"text\":\"*The U.S. procurement facilities are located in Arkansas, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana,\"},{\"bbox\":[90.4,950.5,1159.8,1010.8],\"text\":\"Michigan, Minnesota, Missouri, Montana, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Wisconsin,\"},{\"bbox\":[91.3,1008.5,214.3,1035.8],\"text\":\"and Wyoming.\"}],\"order\":23,\"text\":\"*The U.S. procurement facilities are located in Arkansas, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana,\\nMichigan, Minnesota, Missouri, Montana, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Wisconsin,\\nand Wyoming.\"},{\"bbox\":[99.8,1076.5,163.1,1101.7],\"lines\":[{\"bbox\":[99.8,1076.5,163.1,1101.7],\"text\":\"Item 3.\"}],\"order\":24,\"text\":\"Item 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The\"},{\"bbox\":[97.3,1148.4,1166.6,1208.7],\"text\":\"Company also routinely receives inquiries from regulators and other government authorities relating to various aspects of our\"},{\"bbox\":[98.2,1173.4,1167.5,1233.7],\"text\":\"business. The outcomes of these matters are not within our complete control and may not be known for prolonged periods of time.\"},{\"bbox\":[99.0,1198.4,1168.4,1258.6],\"text\":\"In some actions, claimants seek damages, as well as other relief, including injunctive relief, that could require significant\"},{\"bbox\":[99.9,1223.4,1169.3,1283.6],\"text\":\"expenditures or result in lost revenues. In accordance with applicable accounting standards, the Company records a liability in its\"},{\"bbox\":[100.8,1248.4,1170.1,1308.6],\"text\":\"consolidated financial statements for material loss contingencies when a loss is known or considered probable and the amount can\"},{\"bbox\":[101.6,1273.3,1171.0,1333.6],\"text\":\"be reasonably estimated. If the reasonable estimate of a known or probable loss is a range, and no amount within the range is a\"},{\"bbox\":[102.5,1298.3,1171.9,1358.6],\"text\":\"better estimate than any other, the minimum amount of the range is accrued. If a material loss contingency is reasonably possible\"},{\"bbox\":[103.4,1323.3,1172.8,1383.6],\"text\":\"but not known or probable, and can be reasonably estimated, the estimated loss or range of loss is disclosed in the notes to the\"},{\"bbox\":[104.3,1348.3,1173.6,1408.6],\"text\":\"consolidated financial statements. When determining the estimated loss or range of loss, significant judgment is required to estimate\"},{\"bbox\":[105.1,1373.3,1174.5,1433.6],\"text\":\"the amount and timing of a loss to be recorded. Estimates of probable losses resulting from litigation and governmental proceedings\"},{\"bbox\":[106.0,1398.3,1175.3,1458.6],\"text\":\"involving the Company are inherently difficult to predict, particularly when the matters are in early procedural stages, with\"},{\"bbox\":[106.9,1423.3,1176.2,1483.6],\"text\":\"incomplete facts or legal discovery; involve unsubstantiated or indeterminate claims for damages; potentially involve penalties,\"},{\"bbox\":[107.7,1459.5,856.7,1508.6],\"text\":\"fines, disgorgement, or punitive damages; or could result in a change in business practice.\"}],\"order\":26,\"text\":\"The Company is routinely involved in a number of actual or threatened legal actions, including those involving alleged personal\\ninjuries, employment law, product liability, intellectual property, environmental issues, alleged tax liability, and class actions. The\\nCompany also routinely receives inquiries from regulators and other government authorities relating to various aspects of our\\nbusiness. The outcomes of these matters are not within our complete control and may not be known for prolonged periods of time.\\nIn some actions, claimants seek damages, as well as other relief, including injunctive relief, that could require significant\\nexpenditures or result in lost revenues. In accordance with applicable accounting standards, the Company records a liability in its\\nconsolidated financial statements for material loss contingencies when a loss is known or considered probable and the amount can\\nbe reasonably estimated. If the reasonable estimate of a known or probable loss is a range, and no amount within the range is a\\nbetter estimate than any other, the minimum amount of the range is accrued. If a material loss contingency is reasonably possible\\nbut not known or probable, and can be reasonably estimated, the estimated loss or range of loss is disclosed in the notes to the\\nconsolidated financial statements. When determining the estimated loss or range of loss, significant judgment is required to estimate\\nthe amount and timing of a loss to be recorded. Estimates of probable losses resulting from litigation and governmental proceedings\\ninvolving the Company are inherently difficult to predict, particularly when the matters are in early procedural stages, with\\nincomplete facts or legal discovery; involve unsubstantiated or indeterminate claims for damages; potentially involve penalties,\\nfines, disgorgement, or punitive damages; or could result in a change in business practice.\"},{\"bbox\":[634.2,1542.4,655.9,1566.1],\"lines\":[{\"bbox\":[634.2,1542.4,655.9,1566.1],\"text\":\"18\"}],\"order\":27,\"text\":\"18\"}],\"doc\":\"fintabnet:ADM_2013\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"Item 2.\\n\\nPROPERTIES (Continued)\\n\\nAgricultural Services\\nProcurement Facilities\\nMerchandising & Handling\\nOwned\\nLeased\\n\\nNorth America\\n\\nU.S.*\\nCanada\\nDominican Republic\\nMexico\\nTotal\\nStorage capacity\\nMetric tons (in 1,000's)\\n\\n201\\n1\\n1\\n4\\n207\\n\\n21\\n—\\n—\\n—\\n21\\n\\n12,718\\n\\n921\\n\\n3\\n3\\n\\n—\\n—\\n\\n503\\n\\n—\\n\\n5\\n2\\n4\\n11\\n8\\n30\\n\\n—\\n—\\n—\\n6\\n—\\n6\\n\\n1,389\\n240\\n\\n61\\n27\\n\\n14,610\\n\\n982\\n\\nSouth America\\n\\nArgentina\\nTotal\\nStorage capacity\\nMetric tons (in 1,000's)\\n\\nEurope\\n\\nGermany\\nHungary\\nIreland\\nRomania\\nUkraine\\nTotal\\nStorage capacity\\nMetric tons (in 1,000's)\\nGrand Total\\nTotal storage capacity\\nMetric tons (in 1,000's)\\n\\n*The U.S. procurement facilities are located in Arkansas, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana,\\nMichigan, Minnesota, Missouri, Montana, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Wisconsin,\\nand Wyoming.\\n\\nItem 3.\\n\\nLEGAL PROCEEDINGS\\n\\nThe Company is routinely involved in a number of actual or threatened legal actions, including those involving alleged personal\\ninjuries, employment law, product liability, intellectual property, environmental issues, alleged tax liability, and class actions. The\\nCompany also routinely receives inquiries from regulators and other government authorities relating to various aspects of our\\nbusiness. The outcomes of these matters are not within our complete control and may not be known for prolonged periods of time.\\nIn some actions, claimants seek damages, as well as other relief, including injunctive relief, that could require significant\\nexpenditures or result in lost revenues. In accordance with applicable accounting standards, the Company records a liability in its\\nconsolidated financial statements for material loss contingencies when a loss is known or considered probable and the amount can\\nbe reasonably estimated. If the reasonable estimate of a known or probable loss is a range, and no amount within the range is a\\nbetter estimate than any other, the minimum amount of the range is accrued. If a material loss contingency is reasonably possible\\nbut not known or probable, and can be reasonably estimated, the estimated loss or range of loss is disclosed in the notes to the\\nconsolidated financial statements. When determining the estimated loss or range of loss, significant judgment is required to estimate\\nthe amount and timing of a loss to be recorded. Estimates of probable losses resulting from litigation and governmental proceedings\\ninvolving the Company are inherently difficult to predict, particularly when the matters are in early procedural stages, with\\nincomplete facts or legal discovery; involve unsubstantiated or indeterminate claims for damages; potentially involve penalties,\\nfines, disgorgement, or punitive damages; or could result in a change in business practice.\\n\\n18\",\"name\":\"fintabnet.ADM_2013_page_87__150dpi_medium\",\"page_id\":\"fintabnet.ADM_2013_page_87\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.995,\"source\":\"fintabnet\",\"source_id\":\"ADM_2013_page_87\",\"stack\":[{\"deg\":1.995,\"op\":\"skew\"},{\"amp\":0.157,\"angle\":334.9,\"blob\":0.478,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.012},{\"op\":\"noise\",\"sigma\":8.686},{\"gain\":0.718,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":53}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[67.5,115.2,1149.9,929.2],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22],\"cells\":null}],\"text\":\"Item 2.\\n\\nPROPERTIES (Continued)\\n\\nAgricultural Services\\nProcurement Facilities\\nMerchandising & Handling\\nOwned\\nLeased\\n\\nNorth America\\n\\nU.S.*\\nCanada\\nDominican Republic\\nMexico\\nTotal\\nStorage capacity\\nMetric tons (in 1,000's)\\n\\n201\\n1\\n1\\n4\\n207\\n\\n21\\n—\\n—\\n—\\n21\\n\\n12,718\\n\\n921\\n\\n3\\n3\\n\\n—\\n—\\n\\n503\\n\\n—\\n\\n5\\n2\\n4\\n11\\n8\\n30\\n\\n—\\n—\\n—\\n6\\n—\\n6\\n\\n1,389\\n240\\n\\n61\\n27\\n\\n14,610\\n\\n982\\n\\nSouth America\\n\\nArgentina\\nTotal\\nStorage capacity\\nMetric tons (in 1,000's)\\n\\nEurope\\n\\nGermany\\nHungary\\nIreland\\nRomania\\nUkraine\\nTotal\\nStorage capacity\\nMetric tons (in 1,000's)\\nGrand Total\\nTotal storage capacity\\nMetric tons (in 1,000's)\\n\\n*The U.S. procurement facilities are located in Arkansas, Florida, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana,\\nMichigan, Minnesota, Missouri, Montana, Nebraska, North Dakota, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Wisconsin,\\nand Wyoming.\\n\\nItem 3.\\n\\nLEGAL PROCEEDINGS\\n\\nThe Company is routinely involved in a number of actual or threatened legal actions, including those involving alleged personal\\ninjuries, employment law, product liability, intellectual property, environmental issues, alleged tax liability, and class actions. The\\nCompany also routinely receives inquiries from regulators and other government authorities relating to various aspects of our\\nbusiness. The outcomes of these matters are not within our complete control and may not be known for prolonged periods of time.\\nIn some actions, claimants seek damages, as well as other relief, including injunctive relief, that could require significant\\nexpenditures or result in lost revenues. In accordance with applicable accounting standards, the Company records a liability in its\\nconsolidated financial statements for material loss contingencies when a loss is known or considered probable and the amount can\\nbe reasonably estimated. If the reasonable estimate of a known or probable loss is a range, and no amount within the range is a\\nbetter estimate than any other, the minimum amount of the range is accrued. If a material loss contingency is reasonably possible\\nbut not known or probable, and can be reasonably estimated, the estimated loss or range of loss is disclosed in the notes to the\\nconsolidated financial statements. When determining the estimated loss or range of loss, significant judgment is required to estimate\\nthe amount and timing of a loss to be recorded. Estimates of probable losses resulting from litigation and governmental proceedings\\ninvolving the Company are inherently difficult to predict, particularly when the matters are in early procedural stages, with\\nincomplete facts or legal discovery; involve unsubstantiated or indeterminate claims for damages; potentially involve penalties,\\nfines, disgorgement, or punitive damages; or could result in a change in business practice.\\n\\n18\"},\"name\":\"fintabnet.ADM_2013_page_87__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":168744,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:ADM_2013\",\"dpi\":150,\"gt_sha256\":\"3e24caba32db6e52353154dbd421b5046e0d4b7cc510cd3787f78750dd3e9f6b\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ADM_2013_page_87__150dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.ADM_2013_page_87\",\"pdf_sha256\":\"67903bea7bf206a8ef9398186db8516a2b413184f455b22758ca92e942540a12\",\"px\":[1238,1613],\"scan\":{\"render\":\"0007181f001f401f601f60004002400e601e703e00007ffe7fff7fff7ffe0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"ADM_2013_page_87\",\"src\":{\"file_sha256\":\"58714ed8581a212ee2989cbf6912ac9bebb56f0f2167231593c64b938d2c5ec0\",\"render\":\"0000001e001e400e6000600e40004008701e7ffe08007ffe7ffe7ffe7ffe0000\",\"text\":\"279ba3b38c28dd3fc7c1a1cd2809fb6629f2c11988f81a482240f501537b4d04\"},\"stack\":[{\"deg\":1.995,\"op\":\"skew\"},{\"amp\":0.157,\"angle\":334.9,\"blob\":0.478,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.012},{\"op\":\"noise\",\"sigma\":8.686},{\"gain\":0.718,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":53}],\"tools\":\"21647cade0ee\"},\"sha256\":\"67903bea7bf206a8ef9398186db8516a2b413184f455b22758ca92e942540a12\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/67903bea7bf206a8ef9398186db8516a2b413184f455b22758ca92e942540a12.pdf","asset_sha256":"67903bea7bf206a8ef9398186db8516a2b413184f455b22758ca92e942540a12","document_id":"fintabnet:ADM_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ADM_2013_page_87\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AES_2000_page_105\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AES_2000\",\"ground_truth\":{\"blocks\":[{\"bbox\":[50.0,30.3,119.2,39.8],\"lines\":[{\"bbox\":[50.0,30.3,119.2,39.8],\"text\":\"AES 2000\"}],\"order\":0,\"text\":\"AES 2000\"},{\"bbox\":[128.2,31.5,195.1,39.9],\"lines\":[{\"bbox\":[128.2,31.5,195.1,39.9],\"text\":\"FINANCIAL\"}],\"order\":1,\"text\":\"FINANCIAL\"},{\"bbox\":[203.5,31.5,249.1,39.9],\"lines\":[{\"bbox\":[203.5,31.5,249.1,39.9],\"text\":\"REVIEW\"}],\"order\":2,\"text\":\"REVIEW\"},{\"bbox\":[100.0,100.0,582.6,113.2],\"lines\":[{\"bbox\":[100.0,100.0,582.6,113.2],\"text\":\"N O T E S T O C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S\"}],\"order\":3,\"text\":\"N O T E S T O C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S\"},{\"bbox\":[100.0,137.6,399.6,165.0],\"lines\":[{\"bbox\":[100.0,137.6,399.6,148.3],\"text\":\"1. GENERAL AND SUMMARY OF SIGNIFICANT\"},{\"bbox\":[118.6,154.2,271.9,165.0],\"text\":\"ACCOUNTING POLICIES\"}],\"order\":4,\"text\":\"1. GENERAL AND SUMMARY OF SIGNIFICANT\\nACCOUNTING POLICIES\"},{\"bbox\":[100.0,178.4,424.9,886.4],\"lines\":[{\"bbox\":[100.0,178.4,407.1,191.7],\"text\":\"The AES Corporation and its subsidiaries and affiliates,\"},{\"bbox\":[100.0,195.8,417.9,209.0],\"text\":\"(collectively “AES” or “the Company”) is a global power\"},{\"bbox\":[100.0,213.2,393.6,226.4],\"text\":\"company primarily engaged in owning and operating\"},{\"bbox\":[100.0,230.5,405.3,243.8],\"text\":\"electric power generation and distribution businesses in\"},{\"bbox\":[100.0,247.9,288.9,261.1],\"text\":\"many countries around the world.\"},{\"bbox\":[125.0,265.3,388.2,278.5],\"text\":\"Principles of Consolidation – The consolidated\"},{\"bbox\":[100.0,282.7,418.8,295.9],\"text\":\"financial statements of the Company include the accounts\"},{\"bbox\":[100.0,300.0,410.8,313.2],\"text\":\"of The AES Corporation, its subsidiaries, and controlled\"},{\"bbox\":[100.0,317.4,424.6,330.6],\"text\":\"affiliates. Investments in 50% or less owned affiliates, over\"},{\"bbox\":[100.0,334.8,415.3,348.0],\"text\":\"which the Company has the ability to exercise significant\"},{\"bbox\":[100.0,352.1,394.7,365.4],\"text\":\"influence but not control, are accounted for using the\"},{\"bbox\":[100.0,369.5,408.5,382.7],\"text\":\"equity method. Intercompany transactions and balances\"},{\"bbox\":[100.0,386.9,219.4,400.1],\"text\":\"have been eliminated.\"},{\"bbox\":[125.0,404.2,422.1,417.5],\"text\":\"Cash and Cash Equivalents – The Company considers\"},{\"bbox\":[100.0,421.6,410.3,434.8],\"text\":\"unrestricted cash on hand, deposits in banks, certificates\"},{\"bbox\":[100.0,439.0,409.3,452.2],\"text\":\"of deposit, and short-term marketable securities with an\"},{\"bbox\":[100.0,456.3,407.5,469.6],\"text\":\"original maturity of three months or less to be cash and\"},{\"bbox\":[100.0,473.7,192.9,486.9],\"text\":\"cash equivalents.\"},{\"bbox\":[125.0,491.1,417.5,504.3],\"text\":\"Investments – Securities that the Company has both\"},{\"bbox\":[100.0,508.4,395.9,521.7],\"text\":\"the positive intent and ability to hold to maturity are\"},{\"bbox\":[100.0,525.8,418.6,539.0],\"text\":\"classified as held-to-maturity and are carried at historical\"},{\"bbox\":[100.0,543.2,388.6,556.4],\"text\":\"cost. Other investments that the Company does not\"},{\"bbox\":[100.0,560.6,414.0,573.8],\"text\":\"intend to hold to maturity are classified as available-for-\"},{\"bbox\":[100.0,577.9,410.9,591.2],\"text\":\"sale or trading. Unrealized gains or losses on available-\"},{\"bbox\":[100.0,595.3,424.9,608.5],\"text\":\"for-sale investments are recorded as a separate component\"},{\"bbox\":[100.0,612.7,412.2,625.9],\"text\":\"of stockholders’ equity. Investments classified as trading\"},{\"bbox\":[100.0,630.0,400.0,643.3],\"text\":\"are marked to market on a periodic basis through the\"},{\"bbox\":[100.0,647.4,420.4,660.6],\"text\":\"statement of operations. Interest and dividends on invest-\"},{\"bbox\":[100.0,664.8,408.0,678.0],\"text\":\"ments are reported in interest income. Gains and losses\"},{\"bbox\":[100.0,682.1,400.6,695.4],\"text\":\"on sales of investments are recorded using the specific\"},{\"bbox\":[100.0,699.5,413.2,712.7],\"text\":\"identification method. Short-term investments consist of\"},{\"bbox\":[100.0,716.9,400.2,730.1],\"text\":\"investments with original maturities in excess of three\"},{\"bbox\":[100.0,734.2,402.7,747.5],\"text\":\"months but less than one year. Short-term investments\"},{\"bbox\":[100.0,751.6,417.8,764.8],\"text\":\"also includes $1.2 billion of restricted cash. Debt service\"},{\"bbox\":[100.0,769.0,402.1,782.2],\"text\":\"reserves and other deposits, which might otherwise be\"},{\"bbox\":[100.0,786.4,389.0,799.6],\"text\":\"considered cash and cash equivalents, are treated as\"},{\"bbox\":[100.0,803.7,272.2,817.0],\"text\":\"noncurrent assets (see Note 5).\"},{\"bbox\":[125.0,821.1,416.4,834.3],\"text\":\"Inventory – Inventory, valued at the lower of cost or\"},{\"bbox\":[100.0,838.5,424.0,851.7],\"text\":\"market (first in, first out method), consists of coal, fuel oil,\"},{\"bbox\":[100.0,855.8,407.8,869.1],\"text\":\"other raw materials, spare parts and supplies. Inventory\"},{\"bbox\":[100.0,873.2,308.0,886.4],\"text\":\"consists of the following (in millions):\"}],\"order\":5,\"text\":\"The AES Corporation and its subsidiaries and affiliates,\\n(collectively “AES” or “the Company”) is a global power\\ncompany primarily engaged in owning and operating\\nelectric power generation and distribution businesses in\\nmany countries around the world.\\nPrinciples of Consolidation – The consolidated\\nfinancial statements of the Company include the accounts\\nof The AES Corporation, its subsidiaries, and controlled\\naffiliates. Investments in 50% or less owned affiliates, over\\nwhich the Company has the ability to exercise significant\\ninfluence but not control, are accounted for using the\\nequity method. Intercompany transactions and balances\\nhave been eliminated.\\nCash and Cash Equivalents – The Company considers\\nunrestricted cash on hand, deposits in banks, certificates\\nof deposit, and short-term marketable securities with an\\noriginal maturity of three months or less to be cash and\\ncash equivalents.\\nInvestments – Securities that the Company has both\\nthe positive intent and ability to hold to maturity are\\nclassified as held-to-maturity and are carried at historical\\ncost. Other investments that the Company does not\\nintend to hold to maturity are classified as available-for-\\nsale or trading. Unrealized gains or losses on available-\\nfor-sale investments are recorded as a separate component\\nof stockholders’ equity. Investments classified as trading\\nare marked to market on a periodic basis through the\\nstatement of operations. Interest and dividends on invest-\\nments are reported in interest income. Gains and losses\\non sales of investments are recorded using the specific\\nidentification method. Short-term investments consist of\\ninvestments with original maturities in excess of three\\nmonths but less than one year. Short-term investments\\nalso includes $1.2 billion of restricted cash. Debt service\\nreserves and other deposits, which might otherwise be\\nconsidered cash and cash equivalents, are treated as\\nnoncurrent assets (see Note 5).\\nInventory – Inventory, valued at the lower of cost or\\nmarket (first in, first out method), consists of coal, fuel oil,\\nother raw materials, spare parts and supplies. Inventory\\nconsists of the following (in millions):\"},{\"bbox\":[100.0,904.1,178.8,913.7],\"lines\":[{\"bbox\":[100.0,904.1,178.8,913.7],\"text\":\"DECEMBER 31,\"}],\"order\":6,\"text\":\"DECEMBER 31,\"},{\"bbox\":[298.3,904.1,325.0,913.7],\"lines\":[{\"bbox\":[298.3,904.1,325.0,913.7],\"text\":\"2000\"}],\"order\":7,\"text\":\"2000\"},{\"bbox\":[390.0,904.1,416.7,913.7],\"lines\":[{\"bbox\":[390.0,904.1,416.7,913.7],\"text\":\"1999\"}],\"order\":8,\"text\":\"1999\"},{\"bbox\":[100.0,932.1,231.6,978.0],\"lines\":[{\"bbox\":[100.0,932.1,225.6,944.6],\"text\":\"Coal, fuel oil, and other\"},{\"bbox\":[107.2,948.8,178.7,961.3],\"text\":\"raw materials\"},{\"bbox\":[100.0,965.4,231.6,978.0],\"text\":\"Spare parts and supplies\"}],\"order\":9,\"text\":\"Coal, fuel oil, and other\\nraw materials\\nSpare parts and supplies\"},{\"bbox\":[297.8,948.8,325.0,978.0],\"lines\":[{\"bbox\":[297.8,948.8,325.0,961.3],\"text\":\"$275\"},{\"bbox\":[304.2,965.4,325.0,978.0],\"text\":\"224\"}],\"order\":10,\"text\":\"$275\\n224\"},{\"bbox\":[389.5,948.8,416.7,978.0],\"lines\":[{\"bbox\":[389.5,948.8,416.7,961.3],\"text\":\"$191\"},{\"bbox\":[395.8,965.4,416.7,978.0],\"text\":\"116\"}],\"order\":11,\"text\":\"$191\\n116\"},{\"bbox\":[100.0,986.3,128.7,998.8],\"lines\":[{\"bbox\":[100.0,986.3,128.7,998.8],\"text\":\"Total\"}],\"order\":12,\"text\":\"Total\"},{\"bbox\":[297.2,986.3,325.0,998.8],\"lines\":[{\"bbox\":[297.2,986.3,325.0,998.8],\"text\":\"$499\"}],\"order\":13,\"text\":\"$499\"},{\"bbox\":[388.9,986.3,416.7,998.8],\"lines\":[{\"bbox\":[388.9,986.3,416.7,998.8],\"text\":\"$307\"}],\"order\":14,\"text\":\"$307\"},{\"bbox\":[79.2,1050.5,100.0,1063.0],\"lines\":[{\"bbox\":[79.2,1050.5,100.0,1063.0],\"text\":\"104\"}],\"order\":15,\"text\":\"104\"},{\"bbox\":[450.0,137.6,774.9,1001.9],\"lines\":[{\"bbox\":[475.0,137.6,754.9,150.8],\"text\":\"Property, Plant, and Equipment – Property, plant,\"},{\"bbox\":[450.0,154.9,766.7,168.2],\"text\":\"and equipment is stated at cost. The cost of renewals and\"},{\"bbox\":[450.0,172.3,762.1,185.5],\"text\":\"betterments that extend the useful life of property, plant,\"},{\"bbox\":[450.0,189.7,751.8,202.9],\"text\":\"and equipment are also capitalized. Depreciation, after\"},{\"bbox\":[450.0,207.0,743.1,220.3],\"text\":\"consideration of salvage value, is computed using the\"},{\"bbox\":[450.0,224.4,761.8,237.6],\"text\":\"straight-line method over the estimated composite useful\"},{\"bbox\":[450.0,241.8,756.6,255.0],\"text\":\"lives of the assets. Depreciation expense stated as a per-\"},{\"bbox\":[450.0,259.1,771.7,272.4],\"text\":\"centage of average cost of depreciable property, plant, and\"},{\"bbox\":[450.0,276.5,769.9,289.7],\"text\":\"equipment was, on a composite basis, 3.68%, 3.76% and\"},{\"bbox\":[450.0,293.9,770.3,307.1],\"text\":\"3.33% for the years ended December 31, 2000, 1999 and\"},{\"bbox\":[450.0,311.3,760.1,324.5],\"text\":\"1998, respectively. Maintenance and repairs are charged\"},{\"bbox\":[450.0,328.6,771.9,341.9],\"text\":\"to expense as incurred. Emergency and rotable spare parts\"},{\"bbox\":[450.0,346.0,774.3,359.2],\"text\":\"inventories are included in electric generation and distribu-\"},{\"bbox\":[450.0,363.4,759.7,376.6],\"text\":\"tion assets and are depreciated over the useful life of the\"},{\"bbox\":[450.0,380.7,561.5,394.0],\"text\":\"related components.\"},{\"bbox\":[475.0,398.1,755.1,411.3],\"text\":\"Construction in Progress – Construction progress\"},{\"bbox\":[450.0,415.5,748.1,428.7],\"text\":\"payments, engineering costs, insurance costs, salaries,\"},{\"bbox\":[450.0,432.8,732.2,446.1],\"text\":\"interest, and other costs relating to construction in\"},{\"bbox\":[450.0,450.2,726.1,463.4],\"text\":\"progress are capitalized. Construction in progress\"},{\"bbox\":[450.0,467.6,765.1,480.8],\"text\":\"balances are transferred to electric generation and distri-\"},{\"bbox\":[450.0,484.9,751.0,498.2],\"text\":\"bution assets when each asset is ready for its intended\"},{\"bbox\":[450.0,502.3,748.0,515.5],\"text\":\"use. Interest capitalized during development and con-\"},{\"bbox\":[450.0,519.7,750.7,532.9],\"text\":\"struction totaled $224 million, $104 million, and $79\"},{\"bbox\":[450.0,537.1,707.6,550.3],\"text\":\"million in 2000, 1999, and 1998, respectively.\"},{\"bbox\":[475.0,554.4,761.0,567.7],\"text\":\"Excess of Cost Over Net Assets Acquired – Excess\"},{\"bbox\":[450.0,571.8,770.5,585.0],\"text\":\"of cost over net assets acquired is amortized on a straight-\"},{\"bbox\":[450.0,589.2,765.1,602.4],\"text\":\"line basis over the estimated benefit period, which ranges\"},{\"bbox\":[450.0,606.5,727.8,619.8],\"text\":\"from 10 to 40 years. Excess of cost over net assets\"},{\"bbox\":[450.0,623.9,742.4,637.1],\"text\":\"acquired at December 31, 2000 and 1999 are shown\"},{\"bbox\":[450.0,641.3,744.3,654.5],\"text\":\"net of accumulated amortization of $128 million and\"},{\"bbox\":[450.0,658.6,586.9,671.9],\"text\":\"$70 million, respectively.\"},{\"bbox\":[475.0,676.0,761.2,689.2],\"text\":\"Long-Lived Assets – In accordance with Statement\"},{\"bbox\":[450.0,693.4,734.9,706.6],\"text\":\"of Financial Accounting Standards (SFAS) No. 121,\"},{\"bbox\":[450.0,710.7,751.3,724.0],\"text\":\"Accounting for the Impairment of Long-Lived Assets\"},{\"bbox\":[450.0,728.1,728.9,741.3],\"text\":\"and for Long-Lived Assets to be Disposed of, the\"},{\"bbox\":[450.0,745.5,757.8,758.7],\"text\":\"Company evaluates the impairment of long-lived assets,\"},{\"bbox\":[450.0,762.9,754.2,776.1],\"text\":\"as well as excess of cost over net assets acquired, based\"},{\"bbox\":[450.0,780.2,754.8,793.5],\"text\":\"on the projection of undiscounted cash flows whenever\"},{\"bbox\":[450.0,797.6,774.9,810.8],\"text\":\"events or changes in circumstances indicate that the carry-\"},{\"bbox\":[450.0,815.0,765.1,828.2],\"text\":\"ing amounts of such assets may not be recoverable. In the\"},{\"bbox\":[450.0,832.3,760.1,845.6],\"text\":\"event such cash flows are not expected to be sufficient to\"},{\"bbox\":[450.0,849.7,742.0,862.9],\"text\":\"recover the recorded value of the assets, the assets are\"},{\"bbox\":[450.0,867.1,759.3,880.3],\"text\":\"written down to their estimated fair values (see Note 12)\"},{\"bbox\":[450.0,884.4,666.5,897.7],\"text\":\"based on discounted cash flow analysis.\"},{\"bbox\":[475.0,901.8,741.4,915.0],\"text\":\"Deferred Financing Costs – Financing costs are\"},{\"bbox\":[450.0,919.2,770.3,932.4],\"text\":\"deferred and amortized over the related financing period\"},{\"bbox\":[450.0,936.5,751.9,949.8],\"text\":\"using the effective interest method or the straight-line\"},{\"bbox\":[450.0,953.9,738.8,967.1],\"text\":\"method when it does not differ materially from the\"},{\"bbox\":[450.0,971.3,753.8,984.5],\"text\":\"effective interest method. Deferred financing costs are\"},{\"bbox\":[450.0,988.7,767.6,1001.9],\"text\":\"shown net of accumulated amortization of $103 million\"}],\"order\":16,\"text\":\"Property, Plant, and Equipment – Property, plant,\\nand equipment is stated at cost. The cost of renewals and\\nbetterments that extend the useful life of property, plant,\\nand equipment are also capitalized. Depreciation, after\\nconsideration of salvage value, is computed using the\\nstraight-line method over the estimated composite useful\\nlives of the assets. Depreciation expense stated as a per-\\ncentage of average cost of depreciable property, plant, and\\nequipment was, on a composite basis, 3.68%, 3.76% and\\n3.33% for the years ended December 31, 2000, 1999 and\\n1998, respectively. Maintenance and repairs are charged\\nto expense as incurred. Emergency and rotable spare parts\\ninventories are included in electric generation and distribu-\\ntion assets and are depreciated over the useful life of the\\nrelated components.\\nConstruction in Progress – Construction progress\\npayments, engineering costs, insurance costs, salaries,\\ninterest, and other costs relating to construction in\\nprogress are capitalized. Construction in progress\\nbalances are transferred to electric generation and distri-\\nbution assets when each asset is ready for its intended\\nuse. Interest capitalized during development and con-\\nstruction totaled $224 million, $104 million, and $79\\nmillion in 2000, 1999, and 1998, respectively.\\nExcess of Cost Over Net Assets Acquired – Excess\\nof cost over net assets acquired is amortized on a straight-\\nline basis over the estimated benefit period, which ranges\\nfrom 10 to 40 years. Excess of cost over net assets\\nacquired at December 31, 2000 and 1999 are shown\\nnet of accumulated amortization of $128 million and\\n$70 million, respectively.\\nLong-Lived Assets – In accordance with Statement\\nof Financial Accounting Standards (SFAS) No. 121,\\nAccounting for the Impairment of Long-Lived Assets\\nand for Long-Lived Assets to be Disposed of, the\\nCompany evaluates the impairment of long-lived assets,\\nas well as excess of cost over net assets acquired, based\\non the projection of undiscounted cash flows whenever\\nevents or changes in circumstances indicate that the carry-\\ning amounts of such assets may not be recoverable. In the\\nevent such cash flows are not expected to be sufficient to\\nrecover the recorded value of the assets, the assets are\\nwritten down to their estimated fair values (see Note 12)\\nbased on discounted cash flow analysis.\\nDeferred Financing Costs – Financing costs are\\ndeferred and amortized over the related financing period\\nusing the effective interest method or the straight-line\\nmethod when it does not differ materially from the\\neffective interest method. Deferred financing costs are\\nshown net of accumulated amortization of $103 million\"}],\"doc\":\"fintabnet:AES_2000\",\"dpi\":100,\"image_px\":[850,1088],\"layout\":[],\"markdown\":\"AES 2000\\n\\nFINANCIAL\\n\\nREVIEW\\n\\nN O T E S T O C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S\\n\\n1. GENERAL AND SUMMARY OF SIGNIFICANT\\nACCOUNTING POLICIES\\n\\nThe AES Corporation and its subsidiaries and affiliates,\\n(collectively “AES” or “the Company”) is a global power\\ncompany primarily engaged in owning and operating\\nelectric power generation and distribution businesses in\\nmany countries around the world.\\nPrinciples of Consolidation – The consolidated\\nfinancial statements of the Company include the accounts\\nof The AES Corporation, its subsidiaries, and controlled\\naffiliates. Investments in 50% or less owned affiliates, over\\nwhich the Company has the ability to exercise significant\\ninfluence but not control, are accounted for using the\\nequity method. Intercompany transactions and balances\\nhave been eliminated.\\nCash and Cash Equivalents – The Company considers\\nunrestricted cash on hand, deposits in banks, certificates\\nof deposit, and short-term marketable securities with an\\noriginal maturity of three months or less to be cash and\\ncash equivalents.\\nInvestments – Securities that the Company has both\\nthe positive intent and ability to hold to maturity are\\nclassified as held-to-maturity and are carried at historical\\ncost. Other investments that the Company does not\\nintend to hold to maturity are classified as available-for-\\nsale or trading. Unrealized gains or losses on available-\\nfor-sale investments are recorded as a separate component\\nof stockholders’ equity. Investments classified as trading\\nare marked to market on a periodic basis through the\\nstatement of operations. Interest and dividends on invest-\\nments are reported in interest income. Gains and losses\\non sales of investments are recorded using the specific\\nidentification method. Short-term investments consist of\\ninvestments with original maturities in excess of three\\nmonths but less than one year. Short-term investments\\nalso includes $1.2 billion of restricted cash. Debt service\\nreserves and other deposits, which might otherwise be\\nconsidered cash and cash equivalents, are treated as\\nnoncurrent assets (see Note 5).\\nInventory – Inventory, valued at the lower of cost or\\nmarket (first in, first out method), consists of coal, fuel oil,\\nother raw materials, spare parts and supplies. Inventory\\nconsists of the following (in millions):\\n\\n|  |  December 31, |  |\\n| --- | --- | --- |\\n|  |  2000 |  1999 |\\n| Coal, fuel oil, and other raw materials | $275 | $191 |\\n| Spare parts and supplies | 224 | 116 |\\n| Total | $499 | $307 |\\n\\n104\\n\\nProperty, Plant, and Equipment – Property, plant,\\nand equipment is stated at cost. The cost of renewals and\\nbetterments that extend the useful life of property, plant,\\nand equipment are also capitalized. Depreciation, after\\nconsideration of salvage value, is computed using the\\nstraight-line method over the estimated composite useful\\nlives of the assets. Depreciation expense stated as a per-\\ncentage of average cost of depreciable property, plant, and\\nequipment was, on a composite basis, 3.68%, 3.76% and\\n3.33% for the years ended December 31, 2000, 1999 and\\n1998, respectively. Maintenance and repairs are charged\\nto expense as incurred. Emergency and rotable spare parts\\ninventories are included in electric generation and distribu-\\ntion assets and are depreciated over the useful life of the\\nrelated components.\\nConstruction in Progress – Construction progress\\npayments, engineering costs, insurance costs, salaries,\\ninterest, and other costs relating to construction in\\nprogress are capitalized. Construction in progress\\nbalances are transferred to electric generation and distri-\\nbution assets when each asset is ready for its intended\\nuse. Interest capitalized during development and con-\\nstruction totaled $224 million, $104 million, and $79\\nmillion in 2000, 1999, and 1998, respectively.\\nExcess of Cost Over Net Assets Acquired – Excess\\nof cost over net assets acquired is amortized on a straight-\\nline basis over the estimated benefit period, which ranges\\nfrom 10 to 40 years. Excess of cost over net assets\\nacquired at December 31, 2000 and 1999 are shown\\nnet of accumulated amortization of $128 million and\\n$70 million, respectively.\\nLong-Lived Assets – In accordance with Statement\\nof Financial Accounting Standards (SFAS) No. 121,\\nAccounting for the Impairment of Long-Lived Assets\\nand for Long-Lived Assets to be Disposed of, the\\nCompany evaluates the impairment of long-lived assets,\\nas well as excess of cost over net assets acquired, based\\non the projection of undiscounted cash flows whenever\\nevents or changes in circumstances indicate that the carry-\\ning amounts of such assets may not be recoverable. In the\\nevent such cash flows are not expected to be sufficient to\\nrecover the recorded value of the assets, the assets are\\nwritten down to their estimated fair values (see Note 12)\\nbased on discounted cash flow analysis.\\nDeferred Financing Costs – Financing costs are\\ndeferred and amortized over the related financing period\\nusing the effective interest method or the straight-line\\nmethod when it does not differ materially from the\\neffective interest method. Deferred financing costs are\\nshown net of accumulated amortization of $103 million\",\"name\":\"fintabnet.AES_2000_page_105__100dpi_none\",\"page_id\":\"fintabnet.AES_2000_page_105\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"AES_2000_page_105\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[100.0,900.5,416.7,998.8],\"block_orders\":[6,7,8,9,10,11,12,13,14],\"cells\":[{\"bbox\":[100.0,902.6,178.8,913.7],\"c0\":1,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\" December 31,\"},{\"bbox\":[298.3,902.6,325.0,913.7],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\" 2000\"},{\"bbox\":[390.0,902.6,416.7,913.7],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\" 1999\"},{\"bbox\":[100.0,932.1,225.6,961.3],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Coal, fuel oil, and other raw materials\"},{\"bbox\":[297.8,948.8,325.0,961.3],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"$275\"},{\"bbox\":[389.5,948.8,416.7,961.3],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"$191\"},{\"bbox\":[100.0,965.5,231.6,978.0],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Spare parts and supplies\"},{\"bbox\":[304.2,965.5,325.0,978.0],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"224\"},{\"bbox\":[395.8,965.5,416.7,978.0],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"116\"},{\"bbox\":[100.0,986.3,128.7,998.8],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Total\"},{\"bbox\":[297.2,986.3,325.0,998.8],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"$499\"},{\"bbox\":[388.9,986.3,416.7,998.8],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"$307\"}]}],\"text\":\"AES 2000\\n\\nFINANCIAL\\n\\nREVIEW\\n\\nN O T E S T O C O N S O L I D AT E D F I N A N C I A L S TAT E M E N T S\\n\\n1. GENERAL AND SUMMARY OF SIGNIFICANT\\nACCOUNTING POLICIES\\n\\nThe AES Corporation and its subsidiaries and affiliates,\\n(collectively “AES” or “the Company”) is a global power\\ncompany primarily engaged in owning and operating\\nelectric power generation and distribution businesses in\\nmany countries around the world.\\nPrinciples of Consolidation – The consolidated\\nfinancial statements of the Company include the accounts\\nof The AES Corporation, its subsidiaries, and controlled\\naffiliates. Investments in 50% or less owned affiliates, over\\nwhich the Company has the ability to exercise significant\\ninfluence but not control, are accounted for using the\\nequity method. Intercompany transactions and balances\\nhave been eliminated.\\nCash and Cash Equivalents – The Company considers\\nunrestricted cash on hand, deposits in banks, certificates\\nof deposit, and short-term marketable securities with an\\noriginal maturity of three months or less to be cash and\\ncash equivalents.\\nInvestments – Securities that the Company has both\\nthe positive intent and ability to hold to maturity are\\nclassified as held-to-maturity and are carried at historical\\ncost. Other investments that the Company does not\\nintend to hold to maturity are classified as available-for-\\nsale or trading. Unrealized gains or losses on available-\\nfor-sale investments are recorded as a separate component\\nof stockholders’ equity. Investments classified as trading\\nare marked to market on a periodic basis through the\\nstatement of operations. Interest and dividends on invest-\\nments are reported in interest income. Gains and losses\\non sales of investments are recorded using the specific\\nidentification method. Short-term investments consist of\\ninvestments with original maturities in excess of three\\nmonths but less than one year. Short-term investments\\nalso includes $1.2 billion of restricted cash. Debt service\\nreserves and other deposits, which might otherwise be\\nconsidered cash and cash equivalents, are treated as\\nnoncurrent assets (see Note 5).\\nInventory – Inventory, valued at the lower of cost or\\nmarket (first in, first out method), consists of coal, fuel oil,\\nother raw materials, spare parts and supplies. Inventory\\nconsists of the following (in millions):\\n\\nDECEMBER 31,\\n\\n2000\\n\\n1999\\n\\nCoal, fuel oil, and other\\nraw materials\\nSpare parts and supplies\\n\\n$275\\n224\\n\\n$191\\n116\\n\\nTotal\\n\\n$499\\n\\n$307\\n\\n104\\n\\nProperty, Plant, and Equipment – Property, plant,\\nand equipment is stated at cost. The cost of renewals and\\nbetterments that extend the useful life of property, plant,\\nand equipment are also capitalized. Depreciation, after\\nconsideration of salvage value, is computed using the\\nstraight-line method over the estimated composite useful\\nlives of the assets. Depreciation expense stated as a per-\\ncentage of average cost of depreciable property, plant, and\\nequipment was, on a composite basis, 3.68%, 3.76% and\\n3.33% for the years ended December 31, 2000, 1999 and\\n1998, respectively. Maintenance and repairs are charged\\nto expense as incurred. Emergency and rotable spare parts\\ninventories are included in electric generation and distribu-\\ntion assets and are depreciated over the useful life of the\\nrelated components.\\nConstruction in Progress – Construction progress\\npayments, engineering costs, insurance costs, salaries,\\ninterest, and other costs relating to construction in\\nprogress are capitalized. Construction in progress\\nbalances are transferred to electric generation and distri-\\nbution assets when each asset is ready for its intended\\nuse. Interest capitalized during development and con-\\nstruction totaled $224 million, $104 million, and $79\\nmillion in 2000, 1999, and 1998, respectively.\\nExcess of Cost Over Net Assets Acquired – Excess\\nof cost over net assets acquired is amortized on a straight-\\nline basis over the estimated benefit period, which ranges\\nfrom 10 to 40 years. Excess of cost over net assets\\nacquired at December 31, 2000 and 1999 are shown\\nnet of accumulated amortization of $128 million and\\n$70 million, respectively.\\nLong-Lived Assets – In accordance with Statement\\nof Financial Accounting Standards (SFAS) No. 121,\\nAccounting for the Impairment of Long-Lived Assets\\nand for Long-Lived Assets to be Disposed of, the\\nCompany evaluates the impairment of long-lived assets,\\nas well as excess of cost over net assets acquired, based\\non the projection of undiscounted cash flows whenever\\nevents or changes in circumstances indicate that the carry-\\ning amounts of such assets may not be recoverable. In the\\nevent such cash flows are not expected to be sufficient to\\nrecover the recorded value of the assets, the assets are\\nwritten down to their estimated fair values (see Note 12)\\nbased on discounted cash flow analysis.\\nDeferred Financing Costs – Financing costs are\\ndeferred and amortized over the related financing period\\nusing the effective interest method or the straight-line\\nmethod when it does not differ materially from the\\neffective interest method. Deferred financing costs are\\nshown net of accumulated amortization of $103 million\"},\"name\":\"fintabnet.AES_2000_page_105__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":108160,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:AES_2000\",\"dpi\":100,\"gt_sha256\":\"5b23a18ddd8de5f6989e3c6e2ee299fde91e6dbc50202a45d529eec2fb64a120\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AES_2000_page_105__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.AES_2000_page_105\",\"pdf_sha256\":\"0efe21f7e3b79a29e6e49ea04984f4837e74773a80d617798d7daef59ce53d51\",\"px\":[850,1088],\"scan\":{\"render\":\"800000003e7c3e7c3f7c3e7c3f7c3f7c3f7c3f7c3f7c3e7c3f7c357c207c0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"AES_2000_page_105\",\"src\":{\"file_sha256\":\"e93717bfebf73352106c8b0335d90f23703731de79868a6ed9f93aca0cbb9366\",\"render\":\"800000003e7c3e7c3f7c3e7c3ffc3e7c3f7c3f7c3f7c3e7c3f7c317c357c0000\",\"text\":\"049d6d1262c7311da5ad2c1730ea522339dfcd056645948c87fe28e0e6724729\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"0efe21f7e3b79a29e6e49ea04984f4837e74773a80d617798d7daef59ce53d51\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/0efe21f7e3b79a29e6e49ea04984f4837e74773a80d617798d7daef59ce53d51.pdf","asset_sha256":"0efe21f7e3b79a29e6e49ea04984f4837e74773a80d617798d7daef59ce53d51","document_id":"fintabnet:AES_2000","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AES_2000_page_105\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ALB_2016_page_112\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ALB_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[43.9,27.9,323.0,41.5],\"lines\":[{\"bbox\":[43.9,27.9,323.0,41.5],\"text\":\"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\"}],\"order\":0,\"text\":\"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[40.1,55.9,543.3,210.1],\"lines\":[{\"bbox\":[40.1,55.9,539.2,72.5],\"text\":\"(c) Includes amounts recorded in (1) Research and development expenses related to the write-off of fixed assets of $1.4 million; (2) Selling,\"},{\"bbox\":[58.0,66.5,541.1,82.8],\"text\":\"general and administrative expenses related to the net loss on the sales of properties of $0.9 million and (3) Other income (expenses), net\"},{\"bbox\":[58.1,77.3,524.8,93.4],\"text\":\"related to environmental charges related to a site formerly owned by Albemarle of $2.4 million, partially offset by a gain related to a\"},{\"bbox\":[58.3,92.7,242.3,104.0],\"text\":\"previously disposed of site in China of $1.1 million.\"},{\"bbox\":[40.9,98.3,537.7,114.8],\"text\":\"(d) In connection with the acquisition of Rockwood, the Company valued Rockwood’s existing inventory at fair value as of the Acquisition\"},{\"bbox\":[58.7,108.9,535.6,125.1],\"text\":\"Closing Date, which resulted in a markup of the underlying net book value of the inventory totaling approximately $103.4 million. The\"},{\"bbox\":[58.9,119.4,537.8,135.7],\"text\":\"inventory markup was expensed over the estimated remaining selling period. For the year ended December 31, 2015, $55.9 million was\"},{\"bbox\":[59.0,130.2,524.5,146.3],\"text\":\"included in Cost of goods sold, and Equity in net income of unconsolidated investments was reduced by $27.1 million related to the\"},{\"bbox\":[59.2,146.6,185.0,156.9],\"text\":\"utilization of the inventory markup.\"},{\"bbox\":[41.8,155.3,298.0,167.8],\"text\":\"(e) See Note 21, “Restructuring and Other,” for additional information.\"},{\"bbox\":[41.9,161.8,535.7,178.3],\"text\":\"(f) For the year ended December 31, 2015, Refining Solutions includes an impairment charge of approximately $2.0 million related to our\"},{\"bbox\":[59.8,172.8,515.0,188.6],\"text\":\"unconsolidated investment in Fábrica Carioca de Catalisadores SA. For the years ended December 31, 2015 and 2014, Corporate\"},{\"bbox\":[59.9,183.5,505.8,199.2],\"text\":\"includes approximately $4.4 million and $17.5 million, respectively, of financing-related fees expensed in connection with the\"},{\"bbox\":[60.1,200.1,151.3,209.8],\"text\":\"acquisition of Rockwood.\"}],\"order\":1,\"text\":\"(c) Includes amounts recorded in (1) Research and development expenses related to the write-off of fixed assets of $1.4 million; (2) Selling,\\ngeneral and administrative expenses related to the net loss on the sales of properties of $0.9 million and (3) Other income (expenses), net\\nrelated to environmental charges related to a site formerly owned by Albemarle of $2.4 million, partially offset by a gain related to a\\npreviously disposed of site in China of $1.1 million.\\n(d) In connection with the acquisition of Rockwood, the Company valued Rockwood’s existing inventory at fair value as of the Acquisition\\nClosing Date, which resulted in a markup of the underlying net book value of the inventory totaling approximately $103.4 million. The\\ninventory markup was expensed over the estimated remaining selling period. For the year ended December 31, 2015, $55.9 million was\\nincluded in Cost of goods sold, and Equity in net income of unconsolidated investments was reduced by $27.1 million related to the\\nutilization of the inventory markup.\\n(e) See Note 21, “Restructuring and Other,” for additional information.\\n(f) For the year ended December 31, 2015, Refining Solutions includes an impairment charge of approximately $2.0 million related to our\\nunconsolidated investment in Fábrica Carioca de Catalisadores SA. For the years ended December 31, 2015 and 2014, Corporate\\nincludes approximately $4.4 million and $17.5 million, respectively, of financing-related fees expensed in connection with the\\nacquisition of Rockwood.\"},{\"bbox\":[359.2,231.5,377.0,239.7],\"lines\":[{\"bbox\":[359.2,231.5,377.0,239.7],\"text\":\"2016\"}],\"order\":2,\"text\":\"2016\"},{\"bbox\":[46.4,257.2,196.3,431.0],\"lines\":[{\"bbox\":[46.4,258.4,124.6,268.6],\"text\":\"Identifiable assets:\"},{\"bbox\":[64.3,269.7,193.7,280.8],\"text\":\"Lithium and Advanced Materials\"},{\"bbox\":[64.5,284.3,143.9,294.6],\"text\":\"Bromine Specialties\"},{\"bbox\":[64.7,298.1,138.5,308.3],\"text\":\"Refining Solutions\"},{\"bbox\":[64.9,311.4,162.7,322.0],\"text\":\"Discontinued Operations\"},{\"bbox\":[65.2,326.1,102.4,335.7],\"text\":\"All Other\"},{\"bbox\":[104.7,337.7,112.3,344.1],\"text\":\"(a)\"},{\"bbox\":[65.4,340.7,104.8,350.3],\"text\":\"Corporate\"},{\"bbox\":[83.3,353.4,175.8,363.9],\"text\":\"Total identifiable assets\"},{\"bbox\":[48.3,369.2,89.8,378.7],\"text\":\"Goodwill:\"},{\"bbox\":[66.1,378.5,195.5,389.6],\"text\":\"Lithium and Advanced Materials\"},{\"bbox\":[66.4,393.1,145.6,403.4],\"text\":\"Bromine Specialties\"},{\"bbox\":[66.6,406.9,140.3,417.1],\"text\":\"Refining Solutions\"},{\"bbox\":[66.8,421.2,104.1,430.7],\"text\":\"All Other\"}],\"order\":3,\"text\":\"Identifiable assets:\\nLithium and Advanced Materials\\nBromine Specialties\\nRefining Solutions\\nDiscontinued Operations\\nAll Other\\n(a)\\nCorporate\\nTotal identifiable assets\\nGoodwill:\\nLithium and Advanced Materials\\nBromine Specialties\\nRefining Solutions\\nAll Other\"},{\"bbox\":[84.7,435.2,142.0,445.1],\"lines\":[{\"bbox\":[84.7,435.2,142.0,445.1],\"text\":\"Total goodwill\"}],\"order\":4,\"text\":\"Total goodwill\"},{\"bbox\":[404.9,217.0,478.4,250.6],\"lines\":[{\"bbox\":[404.9,217.0,478.0,226.2],\"text\":\"As of December 31,\"},{\"bbox\":[432.6,230.2,450.5,238.5],\"text\":\"2015\"},{\"bbox\":[416.4,241.4,467.3,250.4],\"text\":\"(In thousands)\"}],\"order\":5,\"text\":\"As of December 31,\\n2015\\n(In thousands)\"},{\"bbox\":[506.1,228.9,524.0,237.2],\"lines\":[{\"bbox\":[506.1,228.9,524.0,237.2],\"text\":\"2014\"}],\"order\":6,\"text\":\"2014\"},{\"bbox\":[335.7,267.2,340.7,276.2],\"lines\":[{\"bbox\":[335.7,267.2,340.7,276.2],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[355.8,266.2,396.3,344.5],\"lines\":[{\"bbox\":[355.8,266.2,395.1,275.9],\"text\":\"3,809,883\"},{\"bbox\":[363.4,280.0,395.3,289.5],\"text\":\"724,218\"},{\"bbox\":[363.5,293.7,395.6,303.2],\"text\":\"913,923\"},{\"bbox\":[385.8,307.4,395.7,316.5],\"text\":\"—\"},{\"bbox\":[364.0,321.1,396.0,330.6],\"text\":\"130,595\"},{\"bbox\":[356.9,334.9,396.3,344.5],\"text\":\"2,582,588\"}],\"order\":8,\"text\":\"3,809,883\\n724,218\\n913,923\\n—\\n130,595\\n2,582,588\"},{\"bbox\":[409.2,265.9,414.2,274.9],\"lines\":[{\"bbox\":[409.2,265.9,414.2,274.9],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[429.2,265.0,469.8,343.3],\"lines\":[{\"bbox\":[429.3,265.0,468.6,274.6],\"text\":\"3,658,669\"},{\"bbox\":[436.8,278.7,468.8,288.2],\"text\":\"699,929\"},{\"bbox\":[437.0,292.5,469.1,302.0],\"text\":\"937,445\"},{\"bbox\":[429.9,306.1,469.3,315.7],\"text\":\"3,208,902\"},{\"bbox\":[437.4,319.9,469.5,329.4],\"text\":\"517,695\"},{\"bbox\":[437.7,333.7,469.8,343.1],\"text\":\"575,314\"}],\"order\":10,\"text\":\"3,658,669\\n699,929\\n937,445\\n3,208,902\\n517,695\\n575,314\"},{\"bbox\":[482.6,264.7,487.7,273.7],\"lines\":[{\"bbox\":[482.6,264.7,487.7,273.7],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[502.7,263.7,543.3,342.0],\"lines\":[{\"bbox\":[510.0,263.7,542.1,273.2],\"text\":\"351,175\"},{\"bbox\":[510.3,277.5,542.3,287.0],\"text\":\"734,071\"},{\"bbox\":[503.2,291.2,542.5,300.8],\"text\":\"1,100,361\"},{\"bbox\":[532.8,304.9,542.7,314.0],\"text\":\"—\"},{\"bbox\":[510.9,318.6,543.0,328.1],\"text\":\"268,555\"},{\"bbox\":[503.9,332.4,543.3,342.0],\"text\":\"2,748,275\"}],\"order\":12,\"text\":\"351,175\\n734,071\\n1,100,361\\n—\\n268,555\\n2,748,275\"},{\"bbox\":[337.0,350.5,342.0,359.6],\"lines\":[{\"bbox\":[337.0,350.5,342.0,359.6],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[357.1,349.6,396.5,359.2],\"lines\":[{\"bbox\":[357.1,349.6,396.5,359.2],\"text\":\"8,161,207\"}],\"order\":14,\"text\":\"8,161,207\"},{\"bbox\":[410.6,349.3,415.6,358.3],\"lines\":[{\"bbox\":[410.6,349.3,415.6,358.3],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[430.6,348.4,470.0,358.0],\"lines\":[{\"bbox\":[430.6,348.4,470.0,358.0],\"text\":\"9,597,954\"}],\"order\":16,\"text\":\"9,597,954\"},{\"bbox\":[484.0,348.0,489.1,357.1],\"lines\":[{\"bbox\":[484.0,348.0,489.1,357.1],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[504.1,347.1,543.5,356.7],\"lines\":[{\"bbox\":[504.1,347.1,543.5,356.7],\"text\":\"5,202,437\"}],\"order\":18,\"text\":\"5,202,437\"},{\"bbox\":[337.5,375.9,342.5,385.0],\"lines\":[{\"bbox\":[337.5,375.9,342.5,385.0],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[357.6,375.0,397.7,425.8],\"lines\":[{\"bbox\":[357.6,375.0,397.0,384.6],\"text\":\"1,348,261\"},{\"bbox\":[370.0,388.8,397.1,398.2],\"text\":\"20,319\"},{\"bbox\":[365.3,402.5,397.5,412.0],\"text\":\"164,866\"},{\"bbox\":[375.4,416.1,397.6,425.5],\"text\":\"6,586\"}],\"order\":20,\"text\":\"1,348,261\\n20,319\\n164,866\\n6,586\"},{\"bbox\":[411.0,374.7,416.0,383.7],\"lines\":[{\"bbox\":[411.0,374.7,416.0,383.7],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[431.1,373.7,471.2,424.5],\"lines\":[{\"bbox\":[431.1,373.7,470.5,383.4],\"text\":\"1,267,505\"},{\"bbox\":[443.6,387.5,470.7,396.9],\"text\":\"20,319\"},{\"bbox\":[438.9,401.3,470.9,410.7],\"text\":\"172,728\"},{\"bbox\":[461.2,414.9,471.1,424.0],\"text\":\"—\"}],\"order\":22,\"text\":\"1,267,505\\n20,319\\n172,728\\n—\"},{\"bbox\":[484.5,373.4,489.5,382.4],\"lines\":[{\"bbox\":[484.5,373.4,489.5,382.4],\"text\":\"$\"}],\"order\":23,\"text\":\"$\"},{\"bbox\":[511.9,372.5,544.6,423.1],\"lines\":[{\"bbox\":[516.8,372.5,543.9,381.9],\"text\":\"21,697\"},{\"bbox\":[517.0,386.2,544.2,395.6],\"text\":\"20,319\"},{\"bbox\":[512.3,400.0,544.4,409.5],\"text\":\"192,657\"},{\"bbox\":[522.3,413.6,544.6,422.9],\"text\":\"8,589\"}],\"order\":24,\"text\":\"21,697\\n20,319\\n192,657\\n8,589\"},{\"bbox\":[338.4,431.8,343.4,440.8],\"lines\":[{\"bbox\":[338.4,431.8,343.4,440.8],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[358.5,430.8,397.9,440.4],\"lines\":[{\"bbox\":[358.5,430.8,397.9,440.4],\"text\":\"1,540,032\"}],\"order\":26,\"text\":\"1,540,032\"},{\"bbox\":[411.9,430.5,416.9,439.5],\"lines\":[{\"bbox\":[411.9,430.5,416.9,439.5],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[432.0,429.6,471.4,439.2],\"lines\":[{\"bbox\":[432.0,429.6,471.4,439.2],\"text\":\"1,460,552\"}],\"order\":28,\"text\":\"1,460,552\"},{\"bbox\":[485.4,429.3,490.4,438.3],\"lines\":[{\"bbox\":[485.4,429.3,490.4,438.3],\"text\":\"$\"}],\"order\":29,\"text\":\"$\"},{\"bbox\":[512.8,428.3,544.8,437.8],\"lines\":[{\"bbox\":[512.8,428.3,544.8,437.8],\"text\":\"243,262\"}],\"order\":30,\"text\":\"243,262\"},{\"bbox\":[46.9,449.4,547.8,519.0],\"lines\":[{\"bbox\":[46.9,449.8,527.9,466.1],\"text\":\"(a) As of December 31, 2016, Corporate included the net proceeds received from the sale of the Chemetall Surface Treatment business\"},{\"bbox\":[64.7,460.0,547.1,476.3],\"text\":\"completed on December 14, 2016, less the repayment of the term loans and commercial paper using those proceeds. As of December 31,\"},{\"bbox\":[64.9,470.7,541.2,486.9],\"text\":\"2014, Corporate included net proceeds received from the issuance of the 2014 Senior Notes, which, together with borrowings from our\"},{\"bbox\":[65.0,481.4,532.9,497.5],\"text\":\"Commercial Paper Notes, August 2014 Term Loan Agreement and Cash Bridge Facility, were used to finance the cash portion of the\"},{\"bbox\":[65.2,492.2,520.8,508.1],\"text\":\"Merger Consideration, pay related fees and expenses and repay our senior notes which matured on February 1, 2015. See Note 2,\"},{\"bbox\":[65.4,503.4,484.2,518.7],\"text\":\"“Acquisitions,” Note 3, “Divestitures,” and Note 14, “Long-Term Debt” for additional details about these transactions.\"}],\"order\":31,\"text\":\"(a) As of December 31, 2016, Corporate included the net proceeds received from the sale of the Chemetall Surface Treatment business\\ncompleted on December 14, 2016, less the repayment of the term loans and commercial paper using those proceeds. As of December 31,\\n2014, Corporate included net proceeds received from the issuance of the 2014 Senior Notes, which, together with borrowings from our\\nCommercial Paper Notes, August 2014 Term Loan Agreement and Cash Bridge Facility, were used to finance the cash portion of the\\nMerger Consideration, pay related fees and expenses and repay our senior notes which matured on February 1, 2015. See Note 2,\\n“Acquisitions,” Note 3, “Divestitures,” and Note 14, “Long-Term Debt” for additional details about these transactions.\"},{\"bbox\":[295.7,742.5,310.6,751.7],\"lines\":[{\"bbox\":[295.7,742.5,310.6,751.7],\"text\":\"111\"}],\"order\":32,\"text\":\"111\"}],\"doc\":\"fintabnet:ALB_2016\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\\n\\n(c) Includes amounts recorded in (1) Research and development expenses related to the write-off of fixed assets of $1.4 million; (2) Selling,\\ngeneral and administrative expenses related to the net loss on the sales of properties of $0.9 million and (3) Other income (expenses), net\\nrelated to environmental charges related to a site formerly owned by Albemarle of $2.4 million, partially offset by a gain related to a\\npreviously disposed of site in China of $1.1 million.\\n(d) In connection with the acquisition of Rockwood, the Company valued Rockwood’s existing inventory at fair value as of the Acquisition\\nClosing Date, which resulted in a markup of the underlying net book value of the inventory totaling approximately $103.4 million. The\\ninventory markup was expensed over the estimated remaining selling period. For the year ended December 31, 2015, $55.9 million was\\nincluded in Cost of goods sold, and Equity in net income of unconsolidated investments was reduced by $27.1 million related to the\\nutilization of the inventory markup.\\n(e) See Note 21, “Restructuring and Other,” for additional information.\\n(f) For the year ended December 31, 2015, Refining Solutions includes an impairment charge of approximately $2.0 million related to our\\nunconsolidated investment in Fábrica Carioca de Catalisadores SA. For the years ended December 31, 2015 and 2014, Corporate\\nincludes approximately $4.4 million and $17.5 million, respectively, of financing-related fees expensed in connection with the\\nacquisition of Rockwood.\\n\\n|  | As of December 31, |  |  |\\n| --- | --- | --- | --- |\\n|  | 2016 | 2015 (In thousands) | 2014 |\\n| Identifiable assets: |  |  |  |\\n| Lithium and Advanced Materials | $3,809,883 | $3,658,669 | $351,175 |\\n| Bromine Specialties | 724,218 | 699,929 | 734,071 |\\n| Refining Solutions | 913,923 | 937,445 | 1,100,361 |\\n| Discontinued Operations | — | 3,208,902 | — |\\n| All Other | 130,595 | 517,695 | 268,555 |\\n| Corporate(a) | 2,582,588 | 575,314 | 2,748,275 |\\n| Total identifiable assets | $8,161,207 | $9,597,954 | $5,202,437 |\\n| Goodwill: |  |  |  |\\n| Lithium and Advanced Materials | $1,348,261 | $1,267,505 | $21,697 |\\n| Bromine Specialties | 20,319 | 20,319 | 20,319 |\\n| Refining Solutions | 164,866 | 172,728 | 192,657 |\\n| All Other | 6,586 | — | 8,589 |\\n| Total goodwill | $1,540,032 | $1,460,552 | $243,262 |\\n\\n(a) As of December 31, 2016, Corporate included the net proceeds received from the sale of the Chemetall Surface Treatment business\\ncompleted on December 14, 2016, less the repayment of the term loans and commercial paper using those proceeds. As of December 31,\\n2014, Corporate included net proceeds received from the issuance of the 2014 Senior Notes, which, together with borrowings from our\\nCommercial Paper Notes, August 2014 Term Loan Agreement and Cash Bridge Facility, were used to finance the cash portion of the\\nMerger Consideration, pay related fees and expenses and repay our senior notes which matured on February 1, 2015. See Note 2,\\n“Acquisitions,” Note 3, “Divestitures,” and Note 14, “Long-Term Debt” for additional details about these transactions.\\n\\n111\",\"name\":\"fintabnet.ALB_2016_page_112__72dpi_mild\",\"page_id\":\"fintabnet.ALB_2016_page_112\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.98,\"source\":\"fintabnet\",\"source_id\":\"ALB_2016_page_112\",\"stack\":[{\"deg\":0.98,\"op\":\"skew\"},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[45.8,213.7,547.9,445.7],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30],\"cells\":[{\"bbox\":[404.9,216.2,478.0,226.2],\"c0\":1,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\"As of December 31,\"},{\"bbox\":[359.1,230.6,377.0,239.7],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2016\"},{\"bbox\":[416.2,229.1,467.3,250.4],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2015 (In thousands)\"},{\"bbox\":[506.1,228.1,524.0,237.2],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"2014\"},{\"bbox\":[46.4,257.5,124.6,268.6],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Identifiable assets:\"},{\"bbox\":[64.3,268.9,193.7,280.8],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Lithium and Advanced Materials\"},{\"bbox\":[335.6,265.4,395.2,276.2],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"$3,809,883\"},{\"bbox\":[409.1,264.2,468.6,274.9],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"$3,658,669\"},{\"bbox\":[482.6,262.9,542.1,273.7],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"$351,175\"},{\"bbox\":[64.5,283.5,143.9,294.6],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Bromine Specialties\"},{\"bbox\":[363.4,279.2,395.3,289.5],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"724,218\"},{\"bbox\":[436.8,277.9,468.8,288.2],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"699,929\"},{\"bbox\":[510.2,276.7,542.3,287.0],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"734,071\"},{\"bbox\":[64.7,297.3,138.5,308.3],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Refining Solutions\"},{\"bbox\":[363.4,292.9,395.6,303.2],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"913,923\"},{\"bbox\":[437.0,291.7,469.1,302.0],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"937,445\"},{\"bbox\":[503.2,290.4,542.6,300.8],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"1,100,361\"},{\"bbox\":[64.9,310.5,162.7,322.0],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Discontinued 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Other\"},{\"bbox\":[375.3,415.3,397.6,425.5],\"c0\":1,\"c1\":1,\"r0\":14,\"r1\":14,\"text\":\"6,586\"},{\"bbox\":[461.1,414.1,471.1,424.0],\"c0\":2,\"c1\":2,\"r0\":14,\"r1\":14,\"text\":\"—\"},{\"bbox\":[522.3,412.8,544.6,422.9],\"c0\":3,\"c1\":3,\"r0\":14,\"r1\":14,\"text\":\"8,589\"},{\"bbox\":[84.7,434.4,142.0,445.1],\"c0\":0,\"c1\":0,\"r0\":15,\"r1\":15,\"text\":\"Total goodwill\"},{\"bbox\":[338.4,430.0,397.9,440.8],\"c0\":1,\"c1\":1,\"r0\":15,\"r1\":15,\"text\":\"$1,540,032\"},{\"bbox\":[411.9,428.8,471.4,439.5],\"c0\":2,\"c1\":2,\"r0\":15,\"r1\":15,\"text\":\"$1,460,552\"},{\"bbox\":[485.4,427.5,544.8,438.3],\"c0\":3,\"c1\":3,\"r0\":15,\"r1\":15,\"text\":\"$243,262\"}]}],\"text\":\"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\\n\\n(c) Includes amounts recorded in (1) Research and development expenses related to the write-off of fixed assets of $1.4 million; (2) Selling,\\ngeneral and administrative expenses related to the net loss on the sales of properties of $0.9 million and (3) Other income (expenses), net\\nrelated to environmental charges related to a site formerly owned by Albemarle of $2.4 million, partially offset by a gain related to a\\npreviously disposed of site in China of $1.1 million.\\n(d) In connection with the acquisition of Rockwood, the Company valued Rockwood’s existing inventory at fair value as of the Acquisition\\nClosing Date, which resulted in a markup of the underlying net book value of the inventory totaling approximately $103.4 million. The\\ninventory markup was expensed over the estimated remaining selling period. For the year ended December 31, 2015, $55.9 million was\\nincluded in Cost of goods sold, and Equity in net income of unconsolidated investments was reduced by $27.1 million related to the\\nutilization of the inventory markup.\\n(e) See Note 21, “Restructuring and Other,” for additional information.\\n(f) For the year ended December 31, 2015, Refining Solutions includes an impairment charge of approximately $2.0 million related to our\\nunconsolidated investment in Fábrica Carioca de Catalisadores SA. For the years ended December 31, 2015 and 2014, Corporate\\nincludes approximately $4.4 million and $17.5 million, respectively, of financing-related fees expensed in connection with the\\nacquisition of Rockwood.\\n\\n2016\\n\\nIdentifiable assets:\\nLithium and Advanced Materials\\nBromine Specialties\\nRefining Solutions\\nDiscontinued Operations\\nAll Other\\n(a)\\nCorporate\\nTotal identifiable assets\\nGoodwill:\\nLithium and Advanced Materials\\nBromine Specialties\\nRefining Solutions\\nAll Other\\n\\nTotal goodwill\\n\\nAs of December 31,\\n2015\\n(In thousands)\\n\\n2014\\n\\n$\\n\\n3,809,883\\n724,218\\n913,923\\n—\\n130,595\\n2,582,588\\n\\n$\\n\\n3,658,669\\n699,929\\n937,445\\n3,208,902\\n517,695\\n575,314\\n\\n$\\n\\n351,175\\n734,071\\n1,100,361\\n—\\n268,555\\n2,748,275\\n\\n$\\n\\n8,161,207\\n\\n$\\n\\n9,597,954\\n\\n$\\n\\n5,202,437\\n\\n$\\n\\n1,348,261\\n20,319\\n164,866\\n6,586\\n\\n$\\n\\n1,267,505\\n20,319\\n172,728\\n—\\n\\n$\\n\\n21,697\\n20,319\\n192,657\\n8,589\\n\\n$\\n\\n1,540,032\\n\\n$\\n\\n1,460,552\\n\\n$\\n\\n243,262\\n\\n(a) As of December 31, 2016, Corporate included the net proceeds received from the sale of the Chemetall Surface Treatment business\\ncompleted on December 14, 2016, less the repayment of the term loans and commercial paper using those proceeds. As of December 31,\\n2014, Corporate included net proceeds received from the issuance of the 2014 Senior Notes, which, together with borrowings from our\\nCommercial Paper Notes, August 2014 Term Loan Agreement and Cash Bridge Facility, were used to finance the cash portion of the\\nMerger Consideration, pay related fees and expenses and repay our senior notes which matured on February 1, 2015. See Note 2,\\n“Acquisitions,” Note 3, “Divestitures,” and Note 14, “Long-Term Debt” for additional details about these transactions.\\n\\n111\"},\"name\":\"fintabnet.ALB_2016_page_112__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":78597,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:ALB_2016\",\"dpi\":72,\"gt_sha256\":\"06e390ba4bb49c4d01c1a697921ae386f0b5faeae5f08cf90c64d96a28948d99\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ALB_2016_page_112__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.ALB_2016_page_112\",\"pdf_sha256\":\"332ebcf48f93920a155c29c281ab276da596f45d7c8250b2d2cf089b2edc24fb\",\"px\":[594,774],\"scan\":{\"render\":\"7f807ffc7ffc7ffc305c7038302a787e302a3ffe3ffc00000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"ALB_2016_page_112\",\"src\":{\"file_sha256\":\"90b798b1e41b15fd3f0c75fc64d6c4eff52854d4c512480d4b8795bb1683dee4\",\"render\":\"7f803ffe7ffe7ffc007e7038302a787e302a3ffe3ffc00000000000000000000\",\"text\":\"6026755fb2047a9f4ea0ed4717712356fc66450dda36b3a3e20b2f800495ea06\"},\"stack\":[{\"deg\":0.98,\"op\":\"skew\"},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"332ebcf48f93920a155c29c281ab276da596f45d7c8250b2d2cf089b2edc24fb\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/332ebcf48f93920a155c29c281ab276da596f45d7c8250b2d2cf089b2edc24fb.pdf","asset_sha256":"332ebcf48f93920a155c29c281ab276da596f45d7c8250b2d2cf089b2edc24fb","document_id":"fintabnet:ALB_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ALB_2016_page_112\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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and\"},{\"bbox\":[475.6,724.4,641.4,742.4],\"text\":\"development activities\"}],\"order\":34,\"text\":\"Production of refinery catalysts, research and\\ndevelopment activities\"},{\"bbox\":[851.4,708.6,904.3,725.8],\"lines\":[{\"bbox\":[851.4,708.6,904.3,725.8],\"text\":\"Owned\"}],\"order\":35,\"text\":\"Owned\"},{\"bbox\":[101.6,756.7,221.4,774.3],\"lines\":[{\"bbox\":[101.6,756.7,221.4,774.3],\"text\":\"Pasadena, Texas\"}],\"order\":36,\"text\":\"Pasadena, Texas\"},{\"bbox\":[260.9,757.8,399.5,775.5],\"lines\":[{\"bbox\":[260.9,757.8,399.5,775.5],\"text\":\"Refining Solutions\"}],\"order\":37,\"text\":\"Refining Solutions\"},{\"bbox\":[475.3,759.2,767.8,778.1],\"lines\":[{\"bbox\":[475.3,759.2,767.8,778.1],\"text\":\"Refinery catalysts regeneration services\"}],\"order\":38,\"text\":\"Refinery catalysts regeneration services\"},{\"bbox\":[850.4,761.8,1081.9,871.9],\"lines\":[{\"bbox\":[851.1,761.8,1025.1,779.8],\"text\":\"Owned by Eurecat U.S.\"},{\"bbox\":[850.9,780.2,1079.3,798.6],\"text\":\"Incorporated, a joint venture in\"},{\"bbox\":[850.8,798.6,1081.7,817.0],\"text\":\"which we own a 57.5% interest\"},{\"bbox\":[850.7,816.9,1074.0,835.3],\"text\":\"and a consortium of entities in\"},{\"bbox\":[850.6,835.3,1064.8,853.6],\"text\":\"various proportions owns the\"},{\"bbox\":[850.4,853.5,983.9,871.2],\"text\":\"remaining interest\"}],\"order\":39,\"text\":\"Owned by Eurecat U.S.\\nIncorporated, a joint venture in\\nwhich we own a 57.5% interest\\nand a consortium of entities in\\nvarious proportions owns the\\nremaining interest\"},{\"bbox\":[100.7,883.1,188.6,900.6],\"lines\":[{\"bbox\":[100.7,883.1,188.6,900.6],\"text\":\"Safi, Jordan\"}],\"order\":40,\"text\":\"Safi, Jordan\"},{\"bbox\":[260.0,884.2,408.6,902.1],\"lines\":[{\"bbox\":[260.0,884.2,408.6,902.1],\"text\":\"Bromine Specialties\"}],\"order\":41,\"text\":\"Bromine Specialties\"},{\"bbox\":[474.3,885.7,788.3,923.0],\"lines\":[{\"bbox\":[474.5,885.7,788.3,904.7],\"text\":\"Production of bromine and derivatives and\"},{\"bbox\":[474.3,904.1,593.3,921.7],\"text\":\"flame retardants\"}],\"order\":42,\"text\":\"Production of bromine and derivatives and\\nflame retardants\"},{\"bbox\":[849.8,888.3,1074.0,961.8],\"lines\":[{\"bbox\":[850.2,888.3,1061.6,906.5],\"text\":\"Owned and leased by JBC, a\"},{\"bbox\":[850.1,906.9,1058.7,925.1],\"text\":\"joint venture owned 50% by\"},{\"bbox\":[849.9,925.3,1073.8,943.6],\"text\":\"each of Arab Potash Company\"},{\"bbox\":[849.8,943.4,960.5,961.0],\"text\":\"Limited and us\"}],\"order\":43,\"text\":\"Owned and leased by JBC, a\\njoint venture owned 50% by\\neach of Arab Potash Company\\nLimited and us\"},{\"bbox\":[100.0,973.1,233.2,1009.2],\"lines\":[{\"bbox\":[100.1,973.1,233.2,990.8],\"text\":\"Salar de Atacama,\"},{\"bbox\":[100.0,991.4,140.1,1008.6],\"text\":\"Chile\"}],\"order\":44,\"text\":\"Salar de Atacama,\\nChile\"},{\"bbox\":[259.3,974.2,427.8,1010.5],\"lines\":[{\"bbox\":[259.4,974.2,427.8,992.1],\"text\":\"Lithium and Advanced\"},{\"bbox\":[259.3,992.5,328.8,1009.8],\"text\":\"Materials\"}],\"order\":45,\"text\":\"Lithium and Advanced\\nMaterials\"},{\"bbox\":[473.9,975.6,758.5,994.4],\"lines\":[{\"bbox\":[473.9,975.6,758.5,994.4],\"text\":\"Production of lithium brine and potash\"}],\"order\":46,\"text\":\"Production of lithium brine and potash\"},{\"bbox\":[848.8,978.2,1085.2,1106.9],\"lines\":[{\"bbox\":[849.6,978.2,1056.8,996.4],\"text\":\"Owned; however ownership\"},{\"bbox\":[849.5,996.8,1033.5,1014.9],\"text\":\"will revert to the Chilean\"},{\"bbox\":[849.3,1015.2,1076.9,1033.6],\"text\":\"government once we have sold\"},{\"bbox\":[849.2,1033.6,1060.2,1051.9],\"text\":\"all remaining amounts under\"},{\"bbox\":[849.1,1052.0,1063.8,1070.3],\"text\":\"our contract with the Chilean\"},{\"bbox\":[848.9,1070.3,1073.2,1088.7],\"text\":\"government pursuant to which\"},{\"bbox\":[848.8,1088.5,1084.4,1106.9],\"text\":\"we obtain lithium brine in Chile\"}],\"order\":47,\"text\":\"Owned; however ownership\\nwill revert to the Chilean\\ngovernment once we have sold\\nall remaining amounts under\\nour contract with the Chilean\\ngovernment pursuant to which\\nwe obtain lithium brine in Chile\"},{\"bbox\":[99.0,1138.5,234.6,1156.3],\"lines\":[{\"bbox\":[99.0,1138.5,234.6,1156.3],\"text\":\"Santa Cruz, Brazil\"}],\"order\":48,\"text\":\"Santa Cruz, Brazil\"},{\"bbox\":[258.3,1139.6,396.9,1157.4],\"lines\":[{\"bbox\":[258.3,1139.6,396.9,1157.4],\"text\":\"Refining Solutions\"}],\"order\":49,\"text\":\"Refining Solutions\"},{\"bbox\":[472.6,1141.0,803.6,1178.5],\"lines\":[{\"bbox\":[472.7,1141.0,803.6,1160.1],\"text\":\"Production of catalysts, research and product\"},{\"bbox\":[472.6,1159.4,638.4,1177.4],\"text\":\"development activities\"}],\"order\":50,\"text\":\"Production of catalysts, research and product\\ndevelopment activities\"},{\"bbox\":[847.9,1143.6,1076.8,1235.5],\"lines\":[{\"bbox\":[848.4,1143.6,1068.0,1162.0],\"text\":\"Owned by Fábrica Carioca de\"},{\"bbox\":[848.3,1162.2,1036.2,1180.4],\"text\":\"Catalisadores S.A, a joint\"},{\"bbox\":[848.2,1180.6,1076.5,1199.0],\"text\":\"venture owned 50% by each of\"},{\"bbox\":[848.1,1199.0,1041.0,1217.2],\"text\":\"Petrobras Química S.A.—\"},{\"bbox\":[847.9,1217.1,1013.8,1235.1],\"text\":\"PETROQUISA and us\"}],\"order\":51,\"text\":\"Owned by Fábrica Carioca de\\nCatalisadores S.A, a joint\\nventure owned 50% by each of\\nPetrobras Química S.A.—\\nPETROQUISA and us\"},{\"bbox\":[98.1,1246.8,187.2,1282.4],\"lines\":[{\"bbox\":[98.2,1246.8,187.2,1264.2],\"text\":\"Silver Peak,\"},{\"bbox\":[98.1,1264.9,154.1,1282.2],\"text\":\"Nevada\"}],\"order\":52,\"text\":\"Silver Peak,\\nNevada\"},{\"bbox\":[257.4,1247.9,425.9,1284.0],\"lines\":[{\"bbox\":[257.5,1247.9,425.9,1265.9],\"text\":\"Lithium and Advanced\"},{\"bbox\":[257.4,1266.0,326.9,1283.4],\"text\":\"Materials\"}],\"order\":53,\"text\":\"Lithium and Advanced\\nMaterials\"},{\"bbox\":[471.9,1249.4,762.0,1286.3],\"lines\":[{\"bbox\":[472.0,1249.4,762.0,1268.2],\"text\":\"Production of lithium brine and lithium\"},{\"bbox\":[471.9,1267.5,543.6,1284.8],\"text\":\"carbonate\"}],\"order\":54,\"text\":\"Production of lithium brine and lithium\\ncarbonate\"},{\"bbox\":[847.7,1251.9,900.6,1269.1],\"lines\":[{\"bbox\":[847.7,1251.9,900.6,1269.1],\"text\":\"Owned\"}],\"order\":55,\"text\":\"Owned\"},{\"bbox\":[97.7,1302.0,198.1,1337.6],\"lines\":[{\"bbox\":[97.8,1302.0,198.1,1319.5],\"text\":\"South Haven,\"},{\"bbox\":[97.7,1320.1,168.2,1337.4],\"text\":\"Michigan\"}],\"order\":56,\"text\":\"South Haven,\\nMichigan\"},{\"bbox\":[257.1,1303.0,327.1,1320.4],\"lines\":[{\"bbox\":[257.1,1303.0,327.1,1320.4],\"text\":\"All Other\"}],\"order\":57,\"text\":\"All Other\"},{\"bbox\":[471.5,1304.5,808.1,1341.8],\"lines\":[{\"bbox\":[471.6,1304.5,808.1,1323.6],\"text\":\"Production of custom fine chemistry products\"},{\"bbox\":[471.5,1322.7,713.2,1341.1],\"text\":\"including pharmaceutical actives\"}],\"order\":58,\"text\":\"Production of custom fine chemistry products\\nincluding pharmaceutical actives\"},{\"bbox\":[847.3,1307.1,900.2,1324.3],\"lines\":[{\"bbox\":[847.3,1307.1,900.2,1324.3],\"text\":\"Owned\"}],\"order\":59,\"text\":\"Owned\"},{\"bbox\":[97.5,1354.9,228.1,1372.6],\"lines\":[{\"bbox\":[97.5,1354.9,228.1,1372.6],\"text\":\"Taichung, Taiwan\"}],\"order\":60,\"text\":\"Taichung, Taiwan\"},{\"bbox\":[256.7,1356.0,425.2,1392.3],\"lines\":[{\"bbox\":[256.8,1356.0,425.2,1374.0],\"text\":\"Lithium and Advanced\"},{\"bbox\":[256.7,1374.4,326.2,1391.7],\"text\":\"Materials\"}],\"order\":61,\"text\":\"Lithium and Advanced\\nMaterials\"},{\"bbox\":[471.2,1357.4,667.8,1375.6],\"lines\":[{\"bbox\":[471.2,1357.4,667.8,1375.6],\"text\":\"Production of butyllithium\"}],\"order\":62,\"text\":\"Production of butyllithium\"},{\"bbox\":[847.0,1360.0,899.9,1377.2],\"lines\":[{\"bbox\":[847.0,1360.0,899.9,1377.2],\"text\":\"Owned\"}],\"order\":63,\"text\":\"Owned\"},{\"bbox\":[97.0,1410.0,198.7,1445.9],\"lines\":[{\"bbox\":[97.1,1410.0,198.7,1427.6],\"text\":\"Takaishi City,\"},{\"bbox\":[97.0,1428.4,193.7,1445.9],\"text\":\"Osaka, Japan\"}],\"order\":64,\"text\":\"Takaishi City,\\nOsaka, Japan\"},{\"bbox\":[256.3,1411.1,424.8,1447.5],\"lines\":[{\"bbox\":[256.4,1411.1,424.8,1429.1],\"text\":\"Lithium and Advanced\"},{\"bbox\":[256.3,1429.5,325.8,1446.8],\"text\":\"Materials\"}],\"order\":65,\"text\":\"Lithium and Advanced\\nMaterials\"},{\"bbox\":[470.9,1412.6,698.9,1431.0],\"lines\":[{\"bbox\":[470.9,1412.6,698.9,1431.0],\"text\":\"Production of aluminum alkyls\"}],\"order\":66,\"text\":\"Production of aluminum alkyls\"},{\"bbox\":[846.2,1415.2,1065.8,1488.6],\"lines\":[{\"bbox\":[846.6,1415.2,1065.8,1433.5],\"text\":\"Owned by Nippon Aluminum\"},{\"bbox\":[846.5,1433.8,1059.4,1452.1],\"text\":\"Alkys, a joint venture owned\"},{\"bbox\":[846.3,1452.2,1014.1,1470.1],\"text\":\"50% by each of Mitsui\"},{\"bbox\":[846.2,1470.3,1013.5,1488.3],\"text\":\"Chemicals, Inc. and us\"}],\"order\":67,\"text\":\"Owned by Nippon Aluminum\\nAlkys, a joint venture owned\\n50% by each of Mitsui\\nChemicals, Inc. and us\"},{\"bbox\":[96.5,1501.9,220.7,1519.6],\"lines\":[{\"bbox\":[96.5,1501.9,220.7,1519.6],\"text\":\"Twinsburg, Ohio\"}],\"order\":68,\"text\":\"Twinsburg, Ohio\"},{\"bbox\":[255.8,1503.0,404.4,1520.9],\"lines\":[{\"bbox\":[255.8,1503.0,404.4,1520.9],\"text\":\"Bromine Specialties\"}],\"order\":69,\"text\":\"Bromine Specialties\"},{\"bbox\":[470.2,1504.5,764.1,1523.3],\"lines\":[{\"bbox\":[470.2,1504.5,764.1,1523.3],\"text\":\"Production of bromine-activated carbon\"}],\"order\":70,\"text\":\"Production of bromine-activated carbon\"},{\"bbox\":[846.0,1507.1,897.9,1524.2],\"lines\":[{\"bbox\":[846.0,1507.1,897.9,1524.2],\"text\":\"Leased\"}],\"order\":71,\"text\":\"Leased\"},{\"bbox\":[603.5,1547.7,624.1,1566.4],\"lines\":[{\"bbox\":[603.5,1547.7,624.1,1566.4],\"text\":\"24\"}],\"order\":72,\"text\":\"24\"}],\"doc\":\"fintabnet:ALB_2016\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"Location\\n\\nBusiness Segment\\n\\nPrincipal Use\\n\\nOwned/Leased\\n\\nMagnolia,\\nArkansas\\n\\nBromine Specialties\\n\\nProduction of flame retardants, bromine,\\ninorganic bromides, agricultural intermediates\\nand tertiary amines\\n\\nOwned\\n\\nMcAlester,\\nOklahoma\\n\\nRefining Solutions\\n\\nRefinery catalyst regeneration, rejuvenation,\\npre-reclaim burn off, as well as specialty\\nzeolites and additives marketing activities\\n\\nOwned by Eurecat S.A., a joint\\nventure owned 50% by each of\\nIFP Investissements and us\\n\\nMeishan, China\\n\\nLithium and Advanced\\nMaterials\\n\\nProduction of lithium carbonate and lithium\\nhydroxide\\n\\nOwned\\n\\nMobile, Alabama\\n\\nLithium and Advanced\\nMaterials\\n\\nProduction of tin stabilizers\\n\\nOwned by PMC Group, Inc.\\nwhich operates the plant for\\nStannica LLC, a joint venture\\nowned 50% by each of PMC\\nGroup Inc. and us\\n\\nNew Johnsonville,\\nTennessee\\n\\nLithium and Advanced\\nMaterials\\n\\nProduction of specialty products\\n\\nOwned\\n\\nNiihama, Japan\\n\\nRefining Solutions\\n\\nProduction of refinery catalysts\\n\\nLeased by Nippon Ketjen\\nCompany Limited, a joint\\nventure owned 50% by each of\\nSumitomo Metal Mining\\nCompany Limited and us\\n\\nPasadena, Texas\\n\\nLithium and Advanced\\nMaterials; All Other\\n\\nProduction of aluminum alkyls, alkenyl succinic\\nanhydride, orthoalkylated anilines, and other\\nspecialty chemicals\\n\\nOwned\\n\\nPasadena, Texas\\n\\nRefining Solutions\\n\\nProduction of refinery catalysts, research and\\ndevelopment activities\\n\\nOwned\\n\\nPasadena, Texas\\n\\nRefining Solutions\\n\\nRefinery catalysts regeneration services\\n\\nOwned by Eurecat U.S.\\nIncorporated, a joint venture in\\nwhich we own a 57.5% interest\\nand a consortium of entities in\\nvarious proportions owns the\\nremaining interest\\n\\nSafi, Jordan\\n\\nBromine Specialties\\n\\nProduction of bromine and derivatives and\\nflame retardants\\n\\nOwned and leased by JBC, a\\njoint venture owned 50% by\\neach of Arab Potash Company\\nLimited and us\\n\\nSalar de Atacama,\\nChile\\n\\nLithium and Advanced\\nMaterials\\n\\nProduction of lithium brine and potash\\n\\nOwned; however ownership\\nwill revert to the Chilean\\ngovernment once we have sold\\nall remaining amounts under\\nour contract with the Chilean\\ngovernment pursuant to which\\nwe obtain lithium brine in Chile\\n\\nSanta Cruz, Brazil\\n\\nRefining Solutions\\n\\nProduction of catalysts, research and product\\ndevelopment 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joint\\nventure owned 50% by each of\\nSumitomo Metal Mining\\nCompany Limited and us\\n\\nPasadena, Texas\\n\\nLithium and Advanced\\nMaterials; All Other\\n\\nProduction of aluminum alkyls, alkenyl succinic\\nanhydride, orthoalkylated anilines, and other\\nspecialty chemicals\\n\\nOwned\\n\\nPasadena, Texas\\n\\nRefining Solutions\\n\\nProduction of refinery catalysts, research and\\ndevelopment activities\\n\\nOwned\\n\\nPasadena, Texas\\n\\nRefining Solutions\\n\\nRefinery catalysts regeneration services\\n\\nOwned by Eurecat U.S.\\nIncorporated, a joint venture in\\nwhich we own a 57.5% interest\\nand a consortium of entities in\\nvarious proportions owns the\\nremaining interest\\n\\nSafi, Jordan\\n\\nBromine Specialties\\n\\nProduction of bromine and derivatives and\\nflame retardants\\n\\nOwned and leased by JBC, a\\njoint venture owned 50% by\\neach of Arab Potash Company\\nLimited and us\\n\\nSalar de Atacama,\\nChile\\n\\nLithium and Advanced\\nMaterials\\n\\nProduction of lithium brine and potash\\n\\nOwned; however ownership\\nwill revert to the Chilean\\ngovernment once we have sold\\nall remaining amounts under\\nour contract with the Chilean\\ngovernment pursuant to which\\nwe obtain lithium brine in Chile\\n\\nSanta Cruz, Brazil\\n\\nRefining Solutions\\n\\nProduction of catalysts, research and product\\ndevelopment activities\\n\\nOwned by Fábrica Carioca de\\nCatalisadores S.A, a joint\\nventure owned 50% by each of\\nPetrobras Química S.A.—\\nPETROQUISA and us\\n\\nSilver Peak,\\nNevada\\n\\nLithium and Advanced\\nMaterials\\n\\nProduction of lithium brine and lithium\\ncarbonate\\n\\nOwned\\n\\nSouth Haven,\\nMichigan\\n\\nAll Other\\n\\nProduction of custom fine chemistry products\\nincluding pharmaceutical actives\\n\\nOwned\\n\\nTaichung, Taiwan\\n\\nLithium and Advanced\\nMaterials\\n\\nProduction of butyllithium\\n\\nOwned\\n\\nTakaishi City,\\nOsaka, Japan\\n\\nLithium and Advanced\\nMaterials\\n\\nProduction of aluminum alkyls\\n\\nOwned by Nippon Aluminum\\nAlkys, a joint venture owned\\n50% by each of Mitsui\\nChemicals, Inc. and us\\n\\nTwinsburg, Ohio\\n\\nBromine Specialties\\n\\nProduction of bromine-activated carbon\\n\\nLeased\\n\\n24\"},\"name\":\"fintabnet.ALB_2016_page_25__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":248294,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:ALB_2016\",\"dpi\":150,\"gt_sha256\":\"319428afa8aa828f8ffeb22740d5dee92142432a3091b61ab3a5265a0533e910\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ALGN_2006_page_97\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ALGN_2006\",\"ground_truth\":{\"blocks\":[{\"bbox\":[263.3,269.6,2112.3,448.4],\"lines\":[{\"bbox\":[263.3,269.6,2109.9,397.8],\"text\":\"table summarizes stock-based compensation expense related to all of the Company’s stock-based awards\"},{\"bbox\":[265.7,334.4,1814.0,448.4],\"text\":\"and employee stock purchases under FAS 123R for the year ended December 31, 2006:\"}],\"order\":0,\"text\":\"table summarizes stock-based compensation expense related to all of the Company’s stock-based awards\\nand employee stock purchases under FAS 123R for the year ended December 31, 2006:\"},{\"bbox\":[1803.0,415.8,2076.0,525.2],\"lines\":[{\"bbox\":[1847.3,417.9,2028.3,456.5],\"text\":\"For the Year\"},{\"bbox\":[1892.6,453.4,1986.1,487.9],\"text\":\"Ended\"},{\"bbox\":[1806.2,482.3,2076.0,525.2],\"text\":\"December 31, 2006\"}],\"order\":1,\"text\":\"For the Year\\nEnded\\nDecember 31, 2006\"},{\"bbox\":[356.4,535.8,954.0,594.3],\"lines\":[{\"bbox\":[356.4,535.8,954.0,594.3],\"text\":\"(In thousands, except per share amounts)\"}],\"order\":2,\"text\":\"(In thousands, except per share amounts)\"},{\"bbox\":[358.4,540.6,1757.3,851.7],\"lines\":[{\"bbox\":[358.4,540.6,1747.3,647.0],\"text\":\"Cost of revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[360.8,591.3,1749.7,697.7],\"text\":\"Sales and marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[363.3,642.1,1752.3,748.5],\"text\":\"General and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[365.7,692.6,1754.6,799.0],\"text\":\"Research and development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[368.2,745.3,1757.3,851.7],\"text\":\"Total share-based compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":3,\"text\":\"Cost of revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSales and marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGeneral and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nResearch and development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal share-based compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1882.9,528.4,2012.3,779.0],\"lines\":[{\"bbox\":[1882.9,528.4,2002.3,574.3],\"text\":\"$ 700\"},{\"bbox\":[1909.3,579.2,2004.7,623.9],\"text\":\"2,862\"},{\"bbox\":[1911.8,630.0,2007.3,674.7],\"text\":\"4,054\"},{\"bbox\":[1914.1,680.5,2009.6,725.2],\"text\":\"1,294\"},{\"bbox\":[1892.9,733.1,2012.3,779.0],\"text\":\"$8,910\"}],\"order\":4,\"text\":\"$ 700\\n2,862\\n4,054\\n1,294\\n$8,910\"},{\"bbox\":[290.5,839.7,2199.4,1375.7],\"lines\":[{\"bbox\":[373.6,842.3,2125.8,966.0],\"text\":\"In connection with the grant of stock options prior to Align’s initial public offering (“IPO”) in 2001\"},{\"bbox\":[293.0,896.7,2052.0,1020.8],\"text\":\"and certain grants subsequent to the IPO, the Company recorded deferred stock compensation and\"},{\"bbox\":[295.4,947.6,2052.1,1071.5],\"text\":\"amortized stock-based compensation expense over the option vesting period of four years using the\"},{\"bbox\":[297.8,991.8,2187.3,1122.1],\"text\":\"straight-line method. The Company had fully amortized the deferred stock-based compensation balance as\"},{\"bbox\":[300.2,1044.0,2166.3,1173.1],\"text\":\"of December 31, 2004. Align recorded $5.1 million in amortization of deferred stock-based compensation\"},{\"bbox\":[302.6,1098.4,2086.2,1223.6],\"text\":\"during fiscal 2004. If the employee terminated employment, which resulted in the cancellation of any\"},{\"bbox\":[305.1,1146.2,2151.6,1274.4],\"text\":\"unvested options, the Company reversed the unamortized deferred stock-based compensation related to\"},{\"bbox\":[307.5,1202.5,2032.7,1324.9],\"text\":\"those options. Align reversed $0.1 million of unrecognized deferred compensation for terminated\"},{\"bbox\":[309.9,1310.7,830.6,1375.7],\"text\":\"employees during fiscal 2004.\"}],\"order\":5,\"text\":\"In connection with the grant of stock options prior to Align’s initial public offering (“IPO”) in 2001\\nand certain grants subsequent to the IPO, the Company recorded deferred stock compensation and\\namortized stock-based compensation expense over the option vesting period of four years using the\\nstraight-line method. The Company had fully amortized the deferred stock-based compensation balance as\\nof December 31, 2004. Align recorded $5.1 million in amortization of deferred stock-based compensation\\nduring fiscal 2004. If the employee terminated employment, which resulted in the cancellation of any\\nunvested options, the Company reversed the unamortized deferred stock-based compensation related to\\nthose options. Align reversed $0.1 million of unrecognized deferred compensation for terminated\\nemployees during fiscal 2004.\"},{\"bbox\":[313.5,1322.2,2184.4,1502.2],\"lines\":[{\"bbox\":[396.6,1322.2,2181.9,1447.5],\"text\":\"For options granted to non-employees, the Company recorded stock-based compensation expense of\"},{\"bbox\":[315.9,1399.3,1631.2,1502.2],\"text\":\"$45,000 and $0.4 million for the fiscal years of 2005 and 2004, respectively.\"}],\"order\":6,\"text\":\"For options granted to non-employees, the Company recorded stock-based compensation expense of\\n$45,000 and $0.4 million for the fiscal years of 2005 and 2004, respectively.\"},{\"bbox\":[319.5,1448.3,2207.8,1831.3],\"lines\":[{\"bbox\":[402.6,1449.0,2181.7,1574.0],\"text\":\"During fiscal 2005 and 2004, the Company accelerated the vesting of options to several employees in\"},{\"bbox\":[321.9,1498.9,2198.1,1628.5],\"text\":\"connection with related severance packages. In accordance with FASB Interpretation No. 44 “Accounting\"},{\"bbox\":[324.4,1555.1,2086.4,1679.3],\"text\":\"for Certain Transactions Involving Stock Compensation” (“FIN 44”), the acceleration charges were\"},{\"bbox\":[326.8,1606.2,2076.1,1729.8],\"text\":\"measured based on the intrinsic value method, which is the difference between the market value of\"},{\"bbox\":[329.2,1655.7,2105.8,1780.5],\"text\":\"common stock at the acceleration date and the exercise price of the option. Acceleration charges for\"},{\"bbox\":[331.6,1729.7,1620.6,1831.3],\"text\":\"December 31, 2005 and 2004 were $67,000 and $0.4 million, respectively.\"}],\"order\":7,\"text\":\"During fiscal 2005 and 2004, the Company accelerated the vesting of options to several employees in\\nconnection with related severance packages. In accordance with FASB Interpretation No. 44 “Accounting\\nfor Certain Transactions Involving Stock Compensation” (“FIN 44”), the acceleration charges were\\nmeasured based on the intrinsic value method, which is the difference between the market value of\\ncommon stock at the acceleration date and the exercise price of the option. Acceleration charges for\\nDecember 31, 2005 and 2004 were $67,000 and $0.4 million, respectively.\"},{\"bbox\":[335.2,1776.8,2228.0,1957.9],\"lines\":[{\"bbox\":[418.3,1776.8,2225.6,1903.1],\"text\":\"Stock based compensation expense for the years ended December 31, 2005 and 2004 are as follows (in\"},{\"bbox\":[337.6,1907.7,546.4,1957.9],\"text\":\"thousands):\"}],\"order\":8,\"text\":\"Stock based compensation expense for the years ended December 31, 2005 and 2004 are as follows (in\\nthousands):\"},{\"bbox\":[1877.4,1926.4,2119.2,2036.5],\"lines\":[{\"bbox\":[1912.7,1927.3,2096.1,1966.1],\"text\":\"Years Ended\"},{\"bbox\":[1908.6,1960.2,2103.3,1999.5],\"text\":\"December 31,\"},{\"bbox\":[1880.7,2003.2,1948.7,2036.5],\"text\":\"2005\"},{\"bbox\":[2051.2,1995.1,2119.2,2028.3],\"text\":\"2004\"}],\"order\":9,\"text\":\"Years Ended\\nDecember 31,\\n2005\\n2004\"},{\"bbox\":[430.5,2052.7,1806.7,2310.4],\"lines\":[{\"bbox\":[430.5,2052.7,1799.3,2158.1],\"text\":\"Cost of revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[432.9,2103.7,1801.7,2209.2],\"text\":\"Sales and marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[435.3,2154.2,1804.2,2259.7],\"text\":\"General and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[437.7,2205.0,1806.6,2310.4],\"text\":\"Research and development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":10,\"text\":\"Cost of revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSales and marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGeneral and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nResearch and development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1872.5,2044.9,1970.9,2294.4],\"lines\":[{\"bbox\":[1872.5,2045.0,1960.6,2089.3],\"text\":\"$ —\"},{\"bbox\":[1919.4,2096.0,1963.1,2138.3],\"text\":\"22\"},{\"bbox\":[1921.9,2146.5,1965.6,2188.8],\"text\":\"90\"},{\"bbox\":[1924.3,2197.3,1967.9,2239.6],\"text\":\"—\"},{\"bbox\":[1882.7,2250.0,1970.9,2294.3],\"text\":\"$112\"}],\"order\":11,\"text\":\"$ —\\n22\\n90\\n—\\n$112\"},{\"bbox\":[2026.9,2036.1,2157.0,2287.0],\"lines\":[{\"bbox\":[2026.9,2036.1,2146.6,2082.0],\"text\":\"$ 894\"},{\"bbox\":[2084.7,2087.2,2149.0,2130.4],\"text\":\"651\"},{\"bbox\":[2056.0,2137.7,2151.5,2182.4],\"text\":\"2,736\"},{\"bbox\":[2058.4,2188.4,2153.9,2233.2],\"text\":\"1,586\"},{\"bbox\":[2037.2,2241.1,2157.0,2287.0],\"text\":\"$5,867\"}],\"order\":12,\"text\":\"$ 894\\n651\\n2,736\\n1,586\\n$5,867\"},{\"bbox\":[445.7,2420.1,791.6,2477.4],\"lines\":[{\"bbox\":[445.7,2420.1,791.6,2477.4],\"text\":\"Option Acceleration\"}],\"order\":13,\"text\":\"Option Acceleration\"},{\"bbox\":[366.2,2426.1,2266.8,2810.0],\"lines\":[{\"bbox\":[449.3,2435.3,2062.0,2552.4],\"text\":\"On October 6, 2005, the Compensation Committee of the Board of Directors approved the\"},{\"bbox\":[368.6,2478.8,2211.5,2606.8],\"text\":\"acceleration of the vesting for all unvested stock options with exercise prices greater than $7.10. The fair\"},{\"bbox\":[371.0,2529.4,2217.0,2657.6],\"text\":\"market value of Align’s common stock on the date of acceleration was $6.41 as quoted on the NASDAQ\"},{\"bbox\":[373.4,2577.9,2261.9,2708.1],\"text\":\"National Market. Options held by non-employee directors were excluded from the vesting acceleration. As\"},{\"bbox\":[375.9,2629.1,2260.5,2759.2],\"text\":\"a result of the acceleration, approximately 3.8 million options or 35% of the then total outstanding options\"},{\"bbox\":[378.3,2681.9,2221.4,2810.0],\"text\":\"became immediately exercisable as of October 6, 2005. The purpose of the acceleration was to eliminate\"}],\"order\":14,\"text\":\"On October 6, 2005, the Compensation Committee of the Board of Directors approved the\\nacceleration of the vesting for all unvested stock options with exercise prices greater than $7.10. The fair\\nmarket value of Align’s common stock on the date of acceleration was $6.41 as quoted on the NASDAQ\\nNational Market. Options held by non-employee directors were excluded from the vesting acceleration. As\\na result of the acceleration, approximately 3.8 million options or 35% of the then total outstanding options\\nbecame immediately exercisable as of October 6, 2005. The purpose of the acceleration was to eliminate\"},{\"bbox\":[1316.7,2956.2,1360.4,2998.5],\"lines\":[{\"bbox\":[1316.7,2956.2,1360.4,2998.5],\"text\":\"85\"}],\"order\":15,\"text\":\"85\"}],\"doc\":\"fintabnet:ALGN_2006\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"table summarizes stock-based compensation expense related to all of the Company’s stock-based awards\\nand employee stock purchases under FAS 123R for the year ended December 31, 2006:\\n\\nFor the Year\\nEnded\\nDecember 31, 2006\\n\\n(In thousands, except per share amounts)\\n\\nCost of revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSales and marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGeneral and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nResearch and development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal share-based compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 700\\n2,862\\n4,054\\n1,294\\n$8,910\\n\\nIn connection with the grant of stock options prior to Align’s initial public offering (“IPO”) in 2001\\nand certain grants subsequent to the IPO, the Company recorded deferred stock compensation and\\namortized stock-based compensation expense over the option vesting period of four years using the\\nstraight-line method. The Company had fully amortized the deferred stock-based compensation balance as\\nof December 31, 2004. Align recorded $5.1 million in amortization of deferred stock-based compensation\\nduring fiscal 2004. If the employee terminated employment, which resulted in the cancellation of any\\nunvested options, the Company reversed the unamortized deferred stock-based compensation related to\\nthose options. Align reversed $0.1 million of unrecognized deferred compensation for terminated\\nemployees during fiscal 2004.\\n\\nFor options granted to non-employees, the Company recorded stock-based compensation expense of\\n$45,000 and $0.4 million for the fiscal years of 2005 and 2004, respectively.\\n\\nDuring fiscal 2005 and 2004, the Company accelerated the vesting of options to several employees in\\nconnection with related severance packages. In accordance with FASB Interpretation No. 44 “Accounting\\nfor Certain Transactions Involving Stock Compensation” (“FIN 44”), the acceleration charges were\\nmeasured based on the intrinsic value method, which is the difference between the market value of\\ncommon stock at the acceleration date and the exercise price of the option. Acceleration charges for\\nDecember 31, 2005 and 2004 were $67,000 and $0.4 million, respectively.\\n\\nStock based compensation expense for the years ended December 31, 2005 and 2004 are as follows (in\\nthousands):\\n\\nYears Ended\\nDecember 31,\\n2005\\n2004\\n\\nCost of revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSales and marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGeneral and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nResearch and development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ —\\n22\\n90\\n—\\n$112\\n\\n$ 894\\n651\\n2,736\\n1,586\\n$5,867\\n\\nOption Acceleration\\n\\nOn October 6, 2005, the Compensation Committee of the Board of Directors approved the\\nacceleration of the vesting for all unvested stock options with exercise prices greater than $7.10. The fair\\nmarket value of Align’s common stock on the date of acceleration was $6.41 as quoted on the NASDAQ\\nNational Market. Options held by non-employee directors were excluded from the vesting acceleration. As\\na result of the acceleration, approximately 3.8 million options or 35% of the then total outstanding options\\nbecame immediately exercisable as of October 6, 2005. The purpose of the acceleration was to eliminate\\n\\n85\",\"name\":\"fintabnet.ALGN_2006_page_97__300dpi_heavy\",\"page_id\":\"fintabnet.ALGN_2006_page_97\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.73,\"source\":\"fintabnet\",\"source_id\":\"ALGN_2006_page_97\",\"stack\":[{\"deg\":2.73,\"op\":\"skew\"},{\"amp\":0.258,\"angle\":165.2,\"blob\":0.46,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":6.18,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":10.995},{\"gain\":0.535,\"op\":\"contrast\"},{\"bias\":0.085,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":28}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[352.9,408.3,2088.3,852.3],\"block_orders\":[1,2,3,4],\"cells\":null}],\"text\":\"table summarizes stock-based compensation expense related to all of the Company’s stock-based awards\\nand employee stock purchases under FAS 123R for the year ended December 31, 2006:\\n\\nFor the Year\\nEnded\\nDecember 31, 2006\\n\\n(In thousands, except per share amounts)\\n\\nCost of revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSales and marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGeneral and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nResearch and development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal share-based compensation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 700\\n2,862\\n4,054\\n1,294\\n$8,910\\n\\nIn connection with the grant of stock options prior to Align’s initial public offering (“IPO”) in 2001\\nand certain grants subsequent to the IPO, the Company recorded deferred stock compensation and\\namortized stock-based compensation expense over the option vesting period of four years using the\\nstraight-line method. The Company had fully amortized the deferred stock-based compensation balance as\\nof December 31, 2004. Align recorded $5.1 million in amortization of deferred stock-based compensation\\nduring fiscal 2004. If the employee terminated employment, which resulted in the cancellation of any\\nunvested options, the Company reversed the unamortized deferred stock-based compensation related to\\nthose options. Align reversed $0.1 million of unrecognized deferred compensation for terminated\\nemployees during fiscal 2004.\\n\\nFor options granted to non-employees, the Company recorded stock-based compensation expense of\\n$45,000 and $0.4 million for the fiscal years of 2005 and 2004, respectively.\\n\\nDuring fiscal 2005 and 2004, the Company accelerated the vesting of options to several employees in\\nconnection with related severance packages. In accordance with FASB Interpretation No. 44 “Accounting\\nfor Certain Transactions Involving Stock Compensation” (“FIN 44”), the acceleration charges were\\nmeasured based on the intrinsic value method, which is the difference between the market value of\\ncommon stock at the acceleration date and the exercise price of the option. Acceleration charges for\\nDecember 31, 2005 and 2004 were $67,000 and $0.4 million, respectively.\\n\\nStock based compensation expense for the years ended December 31, 2005 and 2004 are as follows (in\\nthousands):\\n\\nYears Ended\\nDecember 31,\\n2005\\n2004\\n\\nCost of revenues. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSales and marketing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGeneral and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nResearch and development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ —\\n22\\n90\\n—\\n$112\\n\\n$ 894\\n651\\n2,736\\n1,586\\n$5,867\\n\\nOption Acceleration\\n\\nOn October 6, 2005, the Compensation Committee of the Board of Directors approved the\\nacceleration of the vesting for all unvested stock options with exercise prices greater than $7.10. The fair\\nmarket value of Align’s common stock on the date of acceleration was $6.41 as quoted on the NASDAQ\\nNational Market. Options held by non-employee directors were excluded from the vesting acceleration. As\\na result of the acceleration, approximately 3.8 million options or 35% of the then total outstanding options\\nbecame immediately exercisable as of October 6, 2005. 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2009\"},{\"bbox\":[757.1,233.0,799.9,256.3],\"lines\":[{\"bbox\":[757.1,233.0,799.9,256.3],\"text\":\"10-Q\"}],\"order\":11,\"text\":\"10-Q\"},{\"bbox\":[833.0,233.6,923.0,257.2],\"lines\":[{\"bbox\":[833.0,233.6,923.0,257.2],\"text\":\"000-06920\"}],\"order\":12,\"text\":\"000-06920\"},{\"bbox\":[968.7,234.5,994.8,257.7],\"lines\":[{\"bbox\":[968.7,234.5,994.8,257.7],\"text\":\"3.1\"}],\"order\":13,\"text\":\"3.1\"},{\"bbox\":[1055.7,235.2,1129.6,258.6],\"lines\":[{\"bbox\":[1055.7,235.2,1129.6,258.6],\"text\":\"6/3/2009\"}],\"order\":14,\"text\":\"6/3/2009\"},{\"bbox\":[134.7,282.5,160.8,305.7],\"lines\":[{\"bbox\":[134.7,282.5,160.8,305.7],\"text\":\"3.2\"}],\"order\":15,\"text\":\"3.2\"},{\"bbox\":[196.8,283.0,725.8,398.8],\"lines\":[{\"bbox\":[197.4,283.0,725.8,309.7],\"text\":\"Certificate of Designation, Preferences and Rights of the Terms\"},{\"bbox\":[197.3,303.7,719.2,330.4],\"text\":\"of the Series A Junior Participating Preferred Stock dated as of\"},{\"bbox\":[197.1,324.4,299.3,348.1],\"text\":\"July 9, 1999\"},{\"bbox\":[196.9,351.4,682.0,377.8],\"text\":\"Amended and Restated Bylaws of Applied Materials, Inc.,\"},{\"bbox\":[196.8,372.1,474.6,397.1],\"text\":\"amended as of December 8, 2015\"}],\"order\":16,\"text\":\"Certificate of Designation, Preferences and Rights of the Terms\\nof the Series A Junior Participating Preferred Stock dated as of\\nJuly 9, 1999\\nAmended and Restated Bylaws of Applied Materials, Inc.,\\namended as of December 8, 2015\"},{\"bbox\":[756.7,286.9,799.5,310.2],\"lines\":[{\"bbox\":[756.7,286.9,799.5,310.2],\"text\":\"10-Q\"}],\"order\":17,\"text\":\"10-Q\"},{\"bbox\":[832.6,287.5,922.6,311.1],\"lines\":[{\"bbox\":[832.6,287.5,922.6,311.1],\"text\":\"000-06920\"}],\"order\":18,\"text\":\"000-06920\"},{\"bbox\":[954.7,288.4,1007.9,311.7],\"lines\":[{\"bbox\":[954.7,288.4,1007.9,311.7],\"text\":\"3(i)(a)\"}],\"order\":19,\"text\":\"3(i)(a)\"},{\"bbox\":[1050.1,289.0,1134.4,312.6],\"lines\":[{\"bbox\":[1050.1,289.0,1134.4,312.6],\"text\":\"9/14/1999\"}],\"order\":20,\"text\":\"9/14/1999\"},{\"bbox\":[761.4,355.4,793.8,378.6],\"lines\":[{\"bbox\":[761.4,355.4,793.8,378.6],\"text\":\"8-K\"}],\"order\":21,\"text\":\"8-K\"},{\"bbox\":[832.1,355.9,922.1,379.5],\"lines\":[{\"bbox\":[832.1,355.9,922.1,379.5],\"text\":\"000-06920\"}],\"order\":22,\"text\":\"000-06920\"},{\"bbox\":[967.8,356.9,993.9,380.0],\"lines\":[{\"bbox\":[967.8,356.9,993.9,380.0],\"text\":\"3.1\"}],\"order\":23,\"text\":\"3.1\"},{\"bbox\":[1044.9,357.4,1139.5,381.0],\"lines\":[{\"bbox\":[1044.9,357.4,1139.5,381.0],\"text\":\"12/11/2015\"}],\"order\":24,\"text\":\"12/11/2015\"},{\"bbox\":[193.9,403.2,719.8,799.0],\"lines\":[{\"bbox\":[196.6,403.2,700.2,429.8],\"text\":\"Form of Indenture (including form of debt security) between\"},{\"bbox\":[196.4,424.0,638.3,450.1],\"text\":\"Applied Materials, Inc. and Harris Trust Company of\"},{\"bbox\":[196.3,444.7,375.6,468.9],\"text\":\"California, as Trustee\"},{\"bbox\":[196.1,475.8,654.1,502.0],\"text\":\"Indenture, dated June 8, 2011, by and between Applied\"},{\"bbox\":[195.9,496.5,717.3,523.2],\"text\":\"Materials, Inc. and U.S. Bank National Association, as Trustee\"},{\"bbox\":[195.7,527.6,670.0,554.0],\"text\":\"First Supplemental Indenture, dated June 8, 2011, by and\"},{\"bbox\":[195.5,548.4,665.1,574.7],\"text\":\"between Applied Materials, Inc. and U.S. Bank National\"},{\"bbox\":[195.4,569.1,388.5,593.4],\"text\":\"Association, as Trustee\"},{\"bbox\":[195.2,600.2,718.4,626.9],\"text\":\"Second Supplemental Indenture, dated September 24, 2015, by\"},{\"bbox\":[195.0,620.9,699.8,647.5],\"text\":\"and between Applied Materials, Inc. and U.S. Bank National\"},{\"bbox\":[194.9,641.7,388.0,666.0],\"text\":\"Association, as Trustee\"},{\"bbox\":[194.7,670.7,643.6,696.9],\"text\":\"Form of Indemnification Agreement between Applied\"},{\"bbox\":[194.5,691.4,564.5,717.0],\"text\":\"Materials, Inc. and Non-Employee Directors\"},{\"bbox\":[194.3,720.5,643.2,746.6],\"text\":\"Form of Indemnification Agreement between Applied\"},{\"bbox\":[194.2,741.2,527.3,766.5],\"text\":\"Materials, Inc. and certain of its officers\"},{\"bbox\":[193.9,772.3,657.1,798.6],\"text\":\"Applied Materials, Inc. 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Employee Stock\"},{\"bbox\":[190.4,1272.0,309.8,1295.8],\"text\":\"Incentive Plan\"},{\"bbox\":[190.2,1303.1,689.8,1329.6],\"text\":\"Form of Restricted Stock Unit Agreement for Nonemployee\"},{\"bbox\":[190.0,1323.9,669.4,1350.2],\"text\":\"Directors for use under the amended and restated Applied\"},{\"bbox\":[189.9,1344.6,576.6,1370.3],\"text\":\"Materials, Inc. Employee Stock Incentive Plan\"}],\"order\":96,\"text\":\"Form of Restricted Stock Unit Agreement for use under the\\namended and restated Applied Materials, Inc. Employee Stock\\nIncentive Plan\\nForm of Restricted Stock Unit Agreement for Nonemployee\\nDirectors for use under the amended and restated Applied\\nMaterials, Inc. Employee Stock Incentive Plan\"},{\"bbox\":[749.9,1234.5,792.7,1257.8],\"lines\":[{\"bbox\":[749.9,1234.5,792.7,1257.8],\"text\":\"10-Q\"}],\"order\":97,\"text\":\"10-Q\"},{\"bbox\":[825.8,1235.1,915.9,1258.7],\"lines\":[{\"bbox\":[825.8,1235.1,915.9,1258.7],\"text\":\"000-06920\"}],\"order\":98,\"text\":\"000-06920\"},{\"bbox\":[956.4,1236.0,992.8,1259.2],\"lines\":[{\"bbox\":[956.4,1236.0,992.8,1259.2],\"text\":\"10.3\"}],\"order\":99,\"text\":\"10.3\"},{\"bbox\":[1043.4,1236.6,1127.6,1260.2],\"lines\":[{\"bbox\":[1043.4,1236.6,1127.6,1260.2],\"text\":\"5/24/2012\"}],\"order\":100,\"text\":\"5/24/2012\"},{\"bbox\":[749.4,1307.1,792.2,1330.4],\"lines\":[{\"bbox\":[749.4,1307.1,792.2,1330.4],\"text\":\"10-Q\"}],\"order\":101,\"text\":\"10-Q\"},{\"bbox\":[825.3,1307.6,915.3,1331.2],\"lines\":[{\"bbox\":[825.3,1307.6,915.3,1331.2],\"text\":\"000-06920\"}],\"order\":102,\"text\":\"000-06920\"},{\"bbox\":[955.9,1308.6,992.3,1331.8],\"lines\":[{\"bbox\":[955.9,1308.6,992.3,1331.8],\"text\":\"10.4\"}],\"order\":103,\"text\":\"10.4\"},{\"bbox\":[1042.9,1309.2,1127.1,1332.7],\"lines\":[{\"bbox\":[1042.9,1309.2,1127.1,1332.7],\"text\":\"5/24/2012\"}],\"order\":104,\"text\":\"5/24/2012\"},{\"bbox\":[106.0,1302.5,163.2,1325.9],\"lines\":[{\"bbox\":[106.0,1302.5,163.2,1325.9],\"text\":\"10.11*\"}],\"order\":105,\"text\":\"10.11*\"},{\"bbox\":[598.0,1553.9,629.2,1577.0],\"lines\":[{\"bbox\":[598.0,1553.9,629.2,1577.0],\"text\":\"101\"}],\"order\":106,\"text\":\"101\"}],\"doc\":\"fintabnet:AMAT_2016\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"INDEX TO EXHIBITS\\n\\nThese Exhibits are numbered in accordance with the Exhibit Table of Item 601 of Regulation S-K:\\n\\nIncorporated by Reference\\n\\nExhibit No.\\n\\nDescription\\n\\nForm\\n\\nFile No.\\n\\nExhibit No.\\n\\nFiling Date\\n\\n3.1\\n\\nCertificate of Incorporation of Applied Materials, Inc., as\\namended and restated through March 10, 2009\\n\\n10-Q\\n\\n000-06920\\n\\n3.1\\n\\n6/3/2009\\n\\n3.2\\n\\nCertificate of Designation, Preferences and Rights of the Terms\\nof the Series A Junior Participating Preferred Stock dated as of\\nJuly 9, 1999\\nAmended and Restated Bylaws of Applied Materials, Inc.,\\namended as of December 8, 2015\\n\\n10-Q\\n\\n000-06920\\n\\n3(i)(a)\\n\\n9/14/1999\\n\\n8-K\\n\\n000-06920\\n\\n3.1\\n\\n12/11/2015\\n\\nForm of Indenture (including form of debt security) between\\nApplied Materials, Inc. and Harris Trust Company of\\nCalifornia, as Trustee\\nIndenture, dated June 8, 2011, by and between Applied\\nMaterials, Inc. and U.S. Bank National Association, as Trustee\\nFirst Supplemental Indenture, dated June 8, 2011, by and\\nbetween Applied Materials, Inc. and U.S. Bank National\\nAssociation, as Trustee\\nSecond Supplemental Indenture, dated September 24, 2015, by\\nand between Applied Materials, Inc. and U.S. Bank National\\nAssociation, as Trustee\\nForm of Indemnification Agreement between Applied\\nMaterials, Inc. and Non-Employee Directors\\nForm of Indemnification Agreement between Applied\\nMaterials, Inc. and certain of its officers\\nApplied Materials, Inc. Profit Sharing Scheme (Ireland)\\n\\n8-K\\n\\n000-06920\\n\\n4.1\\n\\n8/17/1994\\n\\n8-K\\n\\n000-06920\\n\\n4.1\\n\\n6/10/2011\\n\\n8-K\\n\\n000-06920\\n\\n4.2\\n\\n6/10/2011\\n\\n8-K\\n\\n000-06920\\n\\n4.1\\n\\n9/24/2015\\n\\n10-K\\n\\n000-06920\\n\\n10.44\\n\\n1/31/2000\\n\\n10-K\\n\\n000-06920\\n\\n10.46\\n\\n1/31/2000\\n\\nS-8\\n\\n333-45011\\n\\n4.1\\n\\n1/27/1998\\n\\n8-K\\n\\n000-06920\\n\\n10.46\\n\\n10/31/2005\\n\\n10-Q\\n\\n000-06920\\n\\n10.58\\n\\n3/3/2009\\n\\n10-K\\n\\n000-06920\\n\\n10.48\\n\\n12/12/2008\\n\\n10-K\\n\\n000-06920\\n\\n10.49\\n\\n12/12/2008\\n\\n3.3\\n\\n4.1\\n\\n4.2\\n\\n4.3\\n\\n4.4\\n\\n10.1\\n\\n10.2\\n\\n10.3\\n\\n10.4*\\n\\n10.5*\\n\\n10.6\\n\\n10.7\\n\\nApplied Materials, Inc. amended and restated Relocation\\nPolicy\\nApplied Materials Inc. Employee Financial Assistance Plan,\\namended and restated as of December 18, 2008\\nDeed of Amendment to Applied Materials Profit Sharing\\nScheme, dated February 7, 2006, to amend Clause 20 of the\\nTrust Deed thereunder\\nDeed of Amendment to Applied Materials Profit Sharing\\nScheme, dated February 7, 2006, to amend the definition of\\nEligible Employee in the First Schedule to the Trust Deed\\nthereunder.\\n\\n10.8*\\n\\nApplied Materials, Inc. Employee Stock Incentive Plan,\\namended and restated effective March 6, 2012\\n\\n8-K\\n\\n000-06920\\n\\n10.1\\n\\n3/9/2012\\n\\n10.9*\\n\\nApplied Materials, Inc. Senior Executive Bonus Plan, amended\\nand restated effective March 6, 2012\\n\\n8-K\\n\\n000-06920\\n\\n10.2\\n\\n3/9/2012\\n\\n10.10*\\n\\nForm of Restricted Stock Unit Agreement for use under the\\namended and restated Applied Materials, Inc. Employee Stock\\nIncentive Plan\\nForm of Restricted Stock Unit Agreement for Nonemployee\\nDirectors for use under the amended and restated Applied\\nMaterials, Inc. Employee Stock Incentive Plan\\n\\n10-Q\\n\\n000-06920\\n\\n10.3\\n\\n5/24/2012\\n\\n10-Q\\n\\n000-06920\\n\\n10.4\\n\\n5/24/2012\\n\\n10.11*\\n\\n101\",\"name\":\"fintabnet.AMAT_2016_page_107__150dpi_mild\",\"page_id\":\"fintabnet.AMAT_2016_page_107\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.408,\"source\":\"fintabnet\",\"source_id\":\"AMAT_2016_page_107\",\"stack\":[{\"deg\":-0.408,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.539},{\"op\":\"noise\",\"sigma\":2.489},{\"op\":\"jpeg\",\"q\":84}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[93.2,176.8,1140.8,1374.3],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105],\"cells\":null}],\"text\":\"INDEX TO EXHIBITS\\n\\nThese Exhibits are numbered in accordance with the Exhibit Table of Item 601 of Regulation S-K:\\n\\nIncorporated by Reference\\n\\nExhibit No.\\n\\nDescription\\n\\nForm\\n\\nFile No.\\n\\nExhibit No.\\n\\nFiling Date\\n\\n3.1\\n\\nCertificate of Incorporation of Applied Materials, Inc., as\\namended and restated through March 10, 2009\\n\\n10-Q\\n\\n000-06920\\n\\n3.1\\n\\n6/3/2009\\n\\n3.2\\n\\nCertificate of Designation, Preferences and Rights of the Terms\\nof the Series A Junior Participating Preferred Stock dated as of\\nJuly 9, 1999\\nAmended and Restated Bylaws of Applied Materials, Inc.,\\namended as of December 8, 2015\\n\\n10-Q\\n\\n000-06920\\n\\n3(i)(a)\\n\\n9/14/1999\\n\\n8-K\\n\\n000-06920\\n\\n3.1\\n\\n12/11/2015\\n\\nForm of Indenture (including form of debt security) between\\nApplied Materials, Inc. and Harris Trust Company of\\nCalifornia, as Trustee\\nIndenture, dated June 8, 2011, by and between Applied\\nMaterials, Inc. and U.S. Bank National Association, as Trustee\\nFirst Supplemental Indenture, dated June 8, 2011, by and\\nbetween Applied Materials, Inc. and U.S. Bank National\\nAssociation, as Trustee\\nSecond Supplemental Indenture, dated September 24, 2015, by\\nand between Applied Materials, Inc. and U.S. Bank National\\nAssociation, as Trustee\\nForm of Indemnification Agreement between Applied\\nMaterials, Inc. and Non-Employee Directors\\nForm of Indemnification Agreement between Applied\\nMaterials, Inc. and certain of its officers\\nApplied Materials, Inc. Profit Sharing Scheme (Ireland)\\n\\n8-K\\n\\n000-06920\\n\\n4.1\\n\\n8/17/1994\\n\\n8-K\\n\\n000-06920\\n\\n4.1\\n\\n6/10/2011\\n\\n8-K\\n\\n000-06920\\n\\n4.2\\n\\n6/10/2011\\n\\n8-K\\n\\n000-06920\\n\\n4.1\\n\\n9/24/2015\\n\\n10-K\\n\\n000-06920\\n\\n10.44\\n\\n1/31/2000\\n\\n10-K\\n\\n000-06920\\n\\n10.46\\n\\n1/31/2000\\n\\nS-8\\n\\n333-45011\\n\\n4.1\\n\\n1/27/1998\\n\\n8-K\\n\\n000-06920\\n\\n10.46\\n\\n10/31/2005\\n\\n10-Q\\n\\n000-06920\\n\\n10.58\\n\\n3/3/2009\\n\\n10-K\\n\\n000-06920\\n\\n10.48\\n\\n12/12/2008\\n\\n10-K\\n\\n000-06920\\n\\n10.49\\n\\n12/12/2008\\n\\n3.3\\n\\n4.1\\n\\n4.2\\n\\n4.3\\n\\n4.4\\n\\n10.1\\n\\n10.2\\n\\n10.3\\n\\n10.4*\\n\\n10.5*\\n\\n10.6\\n\\n10.7\\n\\nApplied Materials, Inc. amended and restated Relocation\\nPolicy\\nApplied Materials Inc. Employee Financial Assistance Plan,\\namended and restated as of December 18, 2008\\nDeed of Amendment to Applied Materials Profit Sharing\\nScheme, dated February 7, 2006, to amend Clause 20 of the\\nTrust Deed thereunder\\nDeed of Amendment to Applied Materials Profit Sharing\\nScheme, dated February 7, 2006, to amend the definition of\\nEligible Employee in the First Schedule to the Trust Deed\\nthereunder.\\n\\n10.8*\\n\\nApplied Materials, Inc. Employee Stock Incentive Plan,\\namended and restated effective March 6, 2012\\n\\n8-K\\n\\n000-06920\\n\\n10.1\\n\\n3/9/2012\\n\\n10.9*\\n\\nApplied Materials, Inc. Senior Executive Bonus Plan, amended\\nand restated effective March 6, 2012\\n\\n8-K\\n\\n000-06920\\n\\n10.2\\n\\n3/9/2012\\n\\n10.10*\\n\\nForm of Restricted Stock Unit Agreement for use under the\\namended and restated Applied Materials, Inc. Employee Stock\\nIncentive Plan\\nForm of Restricted Stock Unit Agreement for Nonemployee\\nDirectors for use under the amended and restated Applied\\nMaterials, Inc. Employee Stock Incentive Plan\\n\\n10-Q\\n\\n000-06920\\n\\n10.3\\n\\n5/24/2012\\n\\n10-Q\\n\\n000-06920\\n\\n10.4\\n\\n5/24/2012\\n\\n10.11*\\n\\n101\"},\"name\":\"fintabnet.AMAT_2016_page_107__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":288209,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:AMAT_2016\",\"dpi\":150,\"gt_sha256\":\"792128a966ffe3b3065a57a78b31ece9a3dbcccf02d429787431ba9f0a27e806\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AMAT_2016_page_107__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.AMAT_2016_page_107\",\"pdf_sha256\":\"6a84f01a62bcc16c8110b58d2103efe94f8822472c265380876796ae48224c75\",\"px\":[1238,1613],\"scan\":{\"render\":\"008000187f3e3f903f903f803f923f123f923f923f803f003f803f8000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"AMAT_2016_page_107\",\"src\":{\"file_sha256\":\"60f7e30e655754bebd9da941cfee26588e11c9566b32813e1e1f6262e426eaac\",\"render\":\"018000187ffe3f803f903f803f903f103f903f923f803f003f803f8000000000\",\"text\":\"b86a9a00cde7436189b85e568e288a97176fdb793cb07fd5f13768ca0803ac73\"},\"stack\":[{\"deg\":-0.408,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.539},{\"op\":\"noise\",\"sigma\":2.489},{\"op\":\"jpeg\",\"q\":84}],\"tools\":\"21647cade0ee\"},\"sha256\":\"6a84f01a62bcc16c8110b58d2103efe94f8822472c265380876796ae48224c75\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/6a84f01a62bcc16c8110b58d2103efe94f8822472c265380876796ae48224c75.pdf","asset_sha256":"6a84f01a62bcc16c8110b58d2103efe94f8822472c265380876796ae48224c75","document_id":"fintabnet:AMAT_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMAT_2016_page_107\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMD_2010_page_145\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AMD_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[113.6,80.2,153.8,102.7],\"lines\":[{\"bbox\":[116.2,80.3,151.8,91.5],\"text\":\"Exhibit\"},{\"bbox\":[113.6,91.3,153.4,102.7],\"text\":\"Number\"}],\"order\":0,\"text\":\"Exhibit\\nNumber\"},{\"bbox\":[123.9,111.9,155.6,125.7],\"lines\":[{\"bbox\":[123.9,111.9,155.6,125.7],\"text\":\"10.40\"}],\"order\":1,\"text\":\"10.40\"},{\"bbox\":[409.2,101.6,518.7,115.4],\"lines\":[{\"bbox\":[409.2,101.6,518.7,115.4],\"text\":\"Description of Exhibits\"}],\"order\":2,\"text\":\"Description of Exhibits\"},{\"bbox\":[181.2,114.0,737.0,196.0],\"lines\":[{\"bbox\":[182.9,114.0,737.0,146.0],\"text\":\"Sale of Receivables (With Program Fees) Supplier Agreement between AMD International Sales &\"},{\"bbox\":[196.2,131.1,723.5,162.2],\"text\":\"Service, Ltd., and IBM United Kingdom Financial Services Ltd. dated March 26, 2008 filed as\"},{\"bbox\":[195.6,147.8,719.0,178.7],\"text\":\"Exhibit 10.1 to AMD’s Quarterly Report on Form 10-Q for the period ended June 28, 2008, is\"},{\"bbox\":[195.1,164.5,383.0,183.7],\"text\":\"hereby incorporated by reference.\"}],\"order\":3,\"text\":\"Sale of Receivables (With Program Fees) Supplier Agreement between AMD International Sales &\\nService, Ltd., and IBM United Kingdom Financial Services Ltd. dated March 26, 2008 filed as\\nExhibit 10.1 to AMD’s Quarterly Report on Form 10-Q for the period ended June 28, 2008, is\\nhereby incorporated by reference.\"},{\"bbox\":[119.5,188.7,719.4,272.2],\"lines\":[{\"bbox\":[121.3,188.7,719.4,222.2],\"text\":\"10.40(a) Amendment to Supplier Agreement between IBM United Kingdom Financial Services LTD. and\"},{\"bbox\":[193.5,207.9,695.7,238.1],\"text\":\"AMD International Sales and Service, LTD. dated March 26, 2008 filed as Exhibit 10.2 to\"},{\"bbox\":[193.0,224.6,705.1,255.1],\"text\":\"AMD’s Quarterly Report on Form 10-Q for the period ended September 26, 2009, is hereby\"},{\"bbox\":[192.4,241.2,339.0,259.0],\"text\":\"incorporated by reference.\"}],\"order\":4,\"text\":\"10.40(a) Amendment to Supplier Agreement between IBM United Kingdom Financial Services LTD. and\\nAMD International Sales and Service, LTD. dated March 26, 2008 filed as Exhibit 10.2 to\\nAMD’s Quarterly Report on Form 10-Q for the period ended September 26, 2009, is hereby\\nincorporated by reference.\"},{\"bbox\":[118.6,265.5,150.3,279.3],\"lines\":[{\"bbox\":[118.6,265.5,150.3,279.3],\"text\":\"10.41\"}],\"order\":5,\"text\":\"10.41\"},{\"bbox\":[175.8,267.5,724.3,349.2],\"lines\":[{\"bbox\":[177.6,267.5,670.1,297.4],\"text\":\"Master Transaction Agreement by and among Advanced Micro Devices, Inc., Advanced\"},{\"bbox\":[190.9,284.7,723.7,315.9],\"text\":\"Technology Investment Company LLC and West Coast Hitech L.P. dated October 6, 2008 filed\"},{\"bbox\":[190.3,301.3,689.3,331.4],\"text\":\"as Exhibit 10.1 to AMD’s Current Report on Form 8-K dated October 16, 2008, is hereby\"},{\"bbox\":[189.7,318.0,336.4,335.8],\"text\":\"incorporated by reference.\"}],\"order\":6,\"text\":\"Master Transaction Agreement by and among Advanced Micro Devices, Inc., Advanced\\nTechnology Investment Company LLC and West Coast Hitech L.P. dated October 6, 2008 filed\\nas Exhibit 10.1 to AMD’s Current Report on Form 8-K dated October 16, 2008, is hereby\\nincorporated by reference.\"},{\"bbox\":[114.2,342.2,734.3,426.4],\"lines\":[{\"bbox\":[115.9,342.2,712.6,375.7],\"text\":\"10.41(a) Amendment to Master Transaction Agreement dated December 5, 2008 among Advanced Micro\"},{\"bbox\":[188.2,361.4,733.8,393.1],\"text\":\"Devices, Inc., Advanced Technology Investment Company LLC and West Coast Hitech L.P. filed\"},{\"bbox\":[187.6,378.1,692.0,408.3],\"text\":\"as Exhibit 10.1 to AMD’s Current Report on Form 8-K dated December 5, 2008, is hereby\"},{\"bbox\":[187.0,394.7,333.7,412.5],\"text\":\"incorporated by reference.\"}],\"order\":7,\"text\":\"10.41(a) Amendment to Master Transaction Agreement dated December 5, 2008 among Advanced Micro\\nDevices, Inc., Advanced Technology Investment Company LLC and West Coast Hitech L.P. filed\\nas Exhibit 10.1 to AMD’s Current Report on Form 8-K dated December 5, 2008, is hereby\\nincorporated by reference.\"},{\"bbox\":[99.3,418.5,144.9,432.8],\"lines\":[{\"bbox\":[99.3,418.5,144.9,432.8],\"text\":\"**10.42\"}],\"order\":8,\"text\":\"**10.42\"},{\"bbox\":[171.1,421.0,726.2,486.4],\"lines\":[{\"bbox\":[172.2,421.0,726.2,453.0],\"text\":\"Intellectual Property Cross-License Agreement by and between Advanced Micro Devices, Inc., and\"},{\"bbox\":[185.5,438.2,712.1,469.2],\"text\":\"Broadcom Corporation filed as Exhibit 10.2 to AMD’s Quarterly Report on Form 10-Q for the\"},{\"bbox\":[184.9,454.8,579.8,481.3],\"text\":\"period ended September 27, 2008, is hereby incorporated by reference.\"}],\"order\":9,\"text\":\"Intellectual Property Cross-License Agreement by and between Advanced Micro Devices, Inc., and\\nBroadcom Corporation filed as Exhibit 10.2 to AMD’s Quarterly Report on Form 10-Q for the\\nperiod ended September 27, 2008, is hereby incorporated by reference.\"},{\"bbox\":[97.3,478.6,142.8,492.9],\"lines\":[{\"bbox\":[97.3,478.6,142.8,492.9],\"text\":\"**10.43\"}],\"order\":10,\"text\":\"**10.43\"},{\"bbox\":[169.0,481.1,724.9,546.5],\"lines\":[{\"bbox\":[170.1,481.1,677.9,511.5],\"text\":\"IP Core License Agreement by and between Advanced Micro Devices, Inc., and Broadcom\"},{\"bbox\":[183.4,498.3,724.3,529.8],\"text\":\"Corporation filed as Exhibit 10.3 to AMD’s Quarterly Report on Form 10-Q for the period ended\"},{\"bbox\":[182.8,514.9,502.0,538.8],\"text\":\"September 27, 2008, is hereby incorporated by reference.\"}],\"order\":11,\"text\":\"IP Core License Agreement by and between Advanced Micro Devices, Inc., and Broadcom\\nCorporation filed as Exhibit 10.3 to AMD’s Quarterly Report on Form 10-Q for the period ended\\nSeptember 27, 2008, is hereby incorporated by reference.\"},{\"bbox\":[109.0,539.2,140.7,553.0],\"lines\":[{\"bbox\":[109.0,539.2,140.7,553.0],\"text\":\"10.44\"}],\"order\":12,\"text\":\"10.44\"},{\"bbox\":[166.3,541.2,709.3,622.8],\"lines\":[{\"bbox\":[168.0,541.2,688.7,572.1],\"text\":\"Shareholders’ Agreement dated March 2, 2009 by and among Advanced Micro Devices, Inc.,\"},{\"bbox\":[181.3,558.4,708.8,589.5],\"text\":\"Advanced Technology Investment Company LLC, and The Foundry Company filed as Exhibit\"},{\"bbox\":[180.7,575.0,696.0,605.7],\"text\":\"10.3 to AMD’s Current Report on Form 8-K dated March 5, 2009, is hereby incorporated by\"},{\"bbox\":[180.2,591.7,235.7,606.3],\"text\":\"reference.\"}],\"order\":13,\"text\":\"Shareholders’ Agreement dated March 2, 2009 by and among Advanced Micro Devices, Inc.,\\nAdvanced Technology Investment Company LLC, and The Foundry Company filed as Exhibit\\n10.3 to AMD’s Current Report on Form 8-K dated March 5, 2009, is hereby incorporated by\\nreference.\"},{\"bbox\":[105.2,615.9,724.6,683.5],\"lines\":[{\"bbox\":[106.4,615.9,699.9,649.3],\"text\":\"10.44(a) Amended and Restated Shareholders’ Agreement by and among Advanced Micro Devices, Inc.,\"},{\"bbox\":[178.7,635.1,724.0,666.8],\"text\":\"Advanced Technology Investment Company LLC, ATIC International Investment Company LLC\"},{\"bbox\":[178.1,651.8,469.9,674.7],\"text\":\"and GlobalFoundries Inc. dated December 27, 2010.\"}],\"order\":14,\"text\":\"10.44(a) Amended and Restated Shareholders’ Agreement by and among Advanced Micro Devices, Inc.,\\nAdvanced Technology Investment Company LLC, ATIC International Investment Company LLC\\nand GlobalFoundries Inc. dated December 27, 2010.\"},{\"bbox\":[104.3,676.0,135.9,689.8],\"lines\":[{\"bbox\":[104.3,676.0,135.9,689.8],\"text\":\"10.45\"}],\"order\":15,\"text\":\"10.45\"},{\"bbox\":[162.1,678.1,712.7,743.3],\"lines\":[{\"bbox\":[163.3,678.1,712.7,709.9],\"text\":\"Funding Agreement dated March 2, 2009 by and among 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Company and AMD Fab Technologies US Inc., filed as Exhibit 10.5 to AMD’s Current\\nReport on Form 8-K dated March 5, 2009, is hereby incorporated by reference.\"},{\"bbox\":[91.0,856.1,129.7,870.2],\"lines\":[{\"bbox\":[91.0,856.1,129.7,870.2],\"text\":\"*10.47\"}],\"order\":20,\"text\":\"*10.47\"},{\"bbox\":[156.4,858.4,716.3,907.3],\"lines\":[{\"bbox\":[157.0,858.4,716.3,890.6],\"text\":\"Offer Letter—Thomas Seifert dated August 31, 2009 filed as Exhibit 10.1 to AMD’s Current Report\"},{\"bbox\":[170.3,875.5,577.4,902.4],\"text\":\"on Form 8-K dated October 8, 2009, is hereby incorporated by reference.\"}],\"order\":21,\"text\":\"Offer Letter—Thomas Seifert dated August 31, 2009 filed as Exhibit 10.1 to AMD’s Current Report\\non Form 8-K dated October 8, 2009, is hereby incorporated by reference.\"},{\"bbox\":[89.5,899.6,128.1,913.6],\"lines\":[{\"bbox\":[89.5,899.6,128.1,913.6],\"text\":\"*10.48\"}],\"order\":22,\"text\":\"*10.48\"},{\"bbox\":[154.3,901.9,715.9,967.4],\"lines\":[{\"bbox\":[155.5,901.9,656.4,932.0],\"text\":\"Relocation Expenses Agreement—Thomas Seifert dated August 31, 2009 by and between\"},{\"bbox\":[168.8,919.0,715.4,950.7],\"text\":\"Advanced Micro Devices, Inc. and Thomas Seifert filed as Exhibit 10.2 to AMD’s Current Report\"},{\"bbox\":[168.2,935.7,575.3,962.5],\"text\":\"on Form 8-K dated October 8, 2009, is hereby incorporated by reference.\"}],\"order\":23,\"text\":\"Relocation Expenses Agreement—Thomas Seifert dated August 31, 2009 by and between\\nAdvanced Micro Devices, Inc. and Thomas Seifert filed as Exhibit 10.2 to AMD’s Current Report\\non Form 8-K dated October 8, 2009, is hereby incorporated by reference.\"},{\"bbox\":[386.3,977.2,407.6,990.6],\"lines\":[{\"bbox\":[386.3,977.2,407.6,990.6],\"text\":\"137\"}],\"order\":24,\"text\":\"137\"}],\"doc\":\"fintabnet:AMD_2010\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"|  Exhibit Number |  Description of Exhibits |\\n| --- | --- |\\n| 10.40 | Sale of Receivables (With Program Fees) Supplier Agreement between AMD International Sales & Service, Ltd., and IBM UnitedKingdom Financial Services Ltd. dated March 26, 2008 filed as Exhibit 10.1 to AMD’s Quarterly Report on Form 10-Q for the period ended June 28, 2008, is hereby incorporated by reference. |\\n| 10.40(a) | Amendment to Supplier Agreement between IBM United Kingdom Financial Services LTD. and AMD International Sales and Service, LTD.dated March 26, 2008 filed as Exhibit 10.2 to AMD’s Quarterly Report on Form 10-Q for the period ended September 26, 2009, is hereby incorporated by reference. |\\n| 10.41 | Master Transaction Agreement by and among Advanced Micro Devices, Inc., Advanced Technology Investment Company LLC and West CoastHitech L.P. dated October 6, 2008 filed as Exhibit 10.1 to AMD’s Current Report on Form 8-K dated October 16, 2008, is hereby incorporated by reference. |\\n| 10.41(a) | Amendment to Master Transaction Agreement dated December 5, 2008 among Advanced Micro Devices, Inc., Advanced TechnologyInvestment Company LLC and West Coast Hitech L.P. filed as Exhibit 10.1 to AMD’s Current Report on Form 8-K dated December 5, 2008, is hereby incorporated by reference. |\\n| **10.42 | Intellectual Property Cross-License Agreement by and between Advanced Micro Devices, Inc., and Broadcom Corporation filed asExhibit 10.2 to AMD’s Quarterly Report on Form 10-Q for the period ended September 27, 2008, is hereby incorporated by reference. |\\n| **10.43 | IP Core License Agreement by and between Advanced Micro Devices, Inc., and Broadcom Corporation filed as Exhibit 10.3 toAMD’s Quarterly Report on Form 10-Q for the period ended September 27, 2008, is hereby incorporated by reference. |\\n| 10.44 | Shareholders’ Agreement dated March 2, 2009 by and among Advanced Micro Devices, Inc., Advanced Technology InvestmentCompany LLC, and The Foundry Company filed as Exhibit 10.3 to AMD’s Current Report on Form 8-K dated March 5, 2009, is hereby incorporated by reference. |\\n| 10.44(a) | Amended and Restated Shareholders’ Agreement by and among Advanced Micro Devices, Inc., Advanced Technology InvestmentCompany LLC, ATIC International Investment Company LLC and GlobalFoundries Inc. dated December 27, 2010. |\\n| 10.45 | Funding Agreement dated March 2, 2009 by and among Advanced Micro Devices, Inc., Advanced Technology Investment Company LLC, andThe Foundry Company filed as Exhibit 10.4 to AMD’s Current Report on Form 8-K dated March 5, 2009, is hereby incorporated by reference. |\\n| 10.45(a) | Amended and Restated Funding Agreement by and among Advanced Micro Devices, Inc., Advanced Technology Investment Company LLC andGlobalFoundries Inc. dated December 27, 2010. |\\n| **10.46 | Wafer Supply Agreement dated March 2, 2009 by and among Advanced Micro Devices, Inc., The Foundry Company and AMD FabTechnologies US Inc., filed as Exhibit 10.5 to AMD’s Current Report on Form 8-K dated March 5, 2009, is hereby incorporated by reference. |\\n| *10.47 | Offer Letter—Thomas Seifert dated August 31, 2009 filed as Exhibit 10.1 to AMD’s Current Report on Form 8-K datedOctober 8, 2009, is hereby incorporated by reference. |\\n| *10.48 | Relocation Expenses Agreement—Thomas Seifert dated August 31, 2009 by and between Advanced Micro Devices, Inc. and ThomasSeifert filed as Exhibit 10.2 to AMD’s Current Report on Form 8-K dated October 8, 2009, is hereby incorporated by reference. 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Description of Exhibits\"},{\"bbox\":[123.9,110.8,155.6,125.7],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"10.40\"},{\"bbox\":[181.2,112.8,737.1,196.0],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"Sale of Receivables (With Program Fees) Supplier Agreement between AMD International Sales & Service, Ltd., and IBM UnitedKingdom Financial Services Ltd. dated March 26, 2008 filed as Exhibit 10.1 to AMD’s Quarterly Report on Form 10-Q for the period ended June 28, 2008, is hereby incorporated by reference.\"},{\"bbox\":[121.3,187.5,168.4,203.0],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"10.40(a)\"},{\"bbox\":[178.5,189.6,719.5,272.2],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"Amendment to Supplier Agreement between IBM United Kingdom Financial Services LTD. and AMD International Sales and Service, LTD.dated March 26, 2008 filed as Exhibit 10.2 to AMD’s Quarterly Report on Form 10-Q for the period ended September 26, 2009, is hereby incorporated by reference.\"},{\"bbox\":[118.6,264.3,150.3,279.3],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"10.41\"},{\"bbox\":[175.8,266.3,724.4,349.2],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"Master Transaction Agreement by and among Advanced Micro Devices, Inc., Advanced Technology Investment Company LLC and West CoastHitech L.P. dated October 6, 2008 filed as Exhibit 10.1 to AMD’s Current Report on Form 8-K dated October 16, 2008, is hereby incorporated by reference.\"},{\"bbox\":[115.9,341.0,163.0,356.6],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"10.41(a)\"},{\"bbox\":[173.2,343.1,734.4,426.4],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"Amendment to Master Transaction Agreement dated December 5, 2008 among Advanced Micro Devices, Inc., Advanced TechnologyInvestment Company LLC and West Coast Hitech L.P. filed as Exhibit 10.1 to AMD’s Current Report on Form 8-K dated December 5, 2008, is hereby incorporated by reference.\"},{\"bbox\":[99.3,417.3,144.9,432.8],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"**10.42\"},{\"bbox\":[171.1,419.9,726.3,486.4],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"Intellectual Property Cross-License Agreement by and between Advanced Micro Devices, Inc., and Broadcom Corporation filed asExhibit 10.2 to AMD’s Quarterly Report on Form 10-Q for the period ended September 27, 2008, is hereby incorporated by reference.\"},{\"bbox\":[97.3,477.4,142.8,492.9],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"**10.43\"},{\"bbox\":[169.0,480.0,724.9,546.5],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"IP Core License Agreement by and between Advanced Micro Devices, Inc., and Broadcom Corporation filed as Exhibit 10.3 toAMD’s Quarterly Report on Form 10-Q for the period ended September 27, 2008, is hereby incorporated by reference.\"},{\"bbox\":[109.0,538.0,140.8,553.0],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"10.44\"},{\"bbox\":[166.3,540.1,709.4,622.8],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"Shareholders’ Agreement dated March 2, 2009 by and among Advanced Micro Devices, Inc., Advanced Technology InvestmentCompany LLC, and The Foundry Company filed as Exhibit 10.3 to AMD’s Current Report on Form 8-K dated March 5, 2009, is hereby incorporated by reference.\"},{\"bbox\":[106.4,614.8,153.5,630.3],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"10.44(a)\"},{\"bbox\":[164.2,616.8,724.6,683.5],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"Amended and Restated Shareholders’ Agreement by and among Advanced Micro Devices, Inc., Advanced Technology InvestmentCompany LLC, ATIC International Investment Company LLC and GlobalFoundries Inc. dated December 27, 2010.\"},{\"bbox\":[104.3,674.9,136.0,689.8],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"10.45\"},{\"bbox\":[162.1,676.9,712.8,743.3],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"Funding Agreement dated March 2, 2009 by and among Advanced Micro Devices, Inc., Advanced Technology Investment Company LLC, andThe Foundry Company filed as Exhibit 10.4 to AMD’s Current Report on Form 8-K dated March 5, 2009, is hereby incorporated by reference.\"},{\"bbox\":[102.2,735.0,149.3,750.5],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"10.45(a)\"},{\"bbox\":[160.0,737.0,714.2,803.5],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"Amended and Restated Funding Agreement by and among Advanced Micro Devices, Inc., Advanced Technology Investment Company LLC andGlobalFoundries Inc. dated December 27, 2010.\"},{\"bbox\":[86.2,794.6,131.8,810.1],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"**10.46\"},{\"bbox\":[157.9,797.1,711.6,863.6],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"Wafer Supply Agreement dated March 2, 2009 by and among Advanced Micro Devices, Inc., The Foundry Company and AMD FabTechnologies US Inc., filed as Exhibit 10.5 to AMD’s Current Report on Form 8-K dated March 5, 2009, is hereby incorporated by reference.\"},{\"bbox\":[91.0,854.9,129.7,870.2],\"c0\":0,\"c1\":0,\"r0\":12,\"r1\":12,\"text\":\"*10.47\"},{\"bbox\":[156.4,857.2,716.4,907.3],\"c0\":1,\"c1\":1,\"r0\":12,\"r1\":12,\"text\":\"Offer Letter—Thomas Seifert dated August 31, 2009 filed as Exhibit 10.1 to AMD’s Current Report on Form 8-K datedOctober 8, 2009, is hereby incorporated by reference.\"},{\"bbox\":[89.5,898.4,128.2,913.6],\"c0\":0,\"c1\":0,\"r0\":13,\"r1\":13,\"text\":\"*10.48\"},{\"bbox\":[154.3,900.7,716.0,967.4],\"c0\":1,\"c1\":1,\"r0\":13,\"r1\":13,\"text\":\"Relocation Expenses Agreement—Thomas Seifert dated August 31, 2009 by and between Advanced Micro Devices, Inc. and ThomasSeifert filed as Exhibit 10.2 to AMD’s Current Report on Form 8-K dated October 8, 2009, is hereby incorporated by reference.\"}]}],\"text\":\"Exhibit\\nNumber\\n\\n10.40\\n\\nDescription of Exhibits\\n\\nSale of Receivables (With Program Fees) Supplier Agreement between AMD International Sales &\\nService, Ltd., and IBM United Kingdom Financial Services Ltd. dated March 26, 2008 filed as\\nExhibit 10.1 to AMD’s Quarterly Report on Form 10-Q for the period ended June 28, 2008, is\\nhereby incorporated by reference.\\n\\n10.40(a) Amendment to Supplier Agreement between IBM United Kingdom Financial Services LTD. and\\nAMD International Sales and Service, LTD. dated March 26, 2008 filed as Exhibit 10.2 to\\nAMD’s Quarterly Report on Form 10-Q for the period ended September 26, 2009, is hereby\\nincorporated by reference.\\n\\n10.41\\n\\nMaster Transaction Agreement by and among Advanced Micro Devices, Inc., Advanced\\nTechnology Investment Company LLC and West Coast Hitech L.P. dated October 6, 2008 filed\\nas Exhibit 10.1 to AMD’s Current Report on Form 8-K dated October 16, 2008, is hereby\\nincorporated by reference.\\n\\n10.41(a) Amendment to Master Transaction Agreement dated December 5, 2008 among Advanced Micro\\nDevices, Inc., Advanced Technology Investment Company LLC and West Coast Hitech L.P. filed\\nas Exhibit 10.1 to AMD’s Current Report on Form 8-K dated December 5, 2008, is hereby\\nincorporated by reference.\\n\\n**10.42\\n\\nIntellectual Property Cross-License Agreement by and between Advanced Micro Devices, Inc., and\\nBroadcom Corporation filed as Exhibit 10.2 to AMD’s Quarterly Report on Form 10-Q for the\\nperiod ended September 27, 2008, is hereby incorporated by reference.\\n\\n**10.43\\n\\nIP Core License Agreement by and between Advanced Micro Devices, Inc., and Broadcom\\nCorporation filed as Exhibit 10.3 to AMD’s Quarterly Report on Form 10-Q for the period ended\\nSeptember 27, 2008, is hereby incorporated by reference.\\n\\n10.44\\n\\nShareholders’ Agreement dated March 2, 2009 by and among Advanced Micro Devices, Inc.,\\nAdvanced Technology Investment Company LLC, and The Foundry Company filed as Exhibit\\n10.3 to AMD’s Current Report on Form 8-K dated March 5, 2009, is hereby incorporated by\\nreference.\\n\\n10.44(a) Amended and Restated Shareholders’ Agreement by and among Advanced Micro Devices, Inc.,\\nAdvanced Technology Investment Company LLC, ATIC International Investment Company LLC\\nand GlobalFoundries Inc. dated December 27, 2010.\\n\\n10.45\\n\\nFunding Agreement dated March 2, 2009 by and among Advanced Micro Devices, Inc., Advanced\\nTechnology Investment Company LLC, and The Foundry Company filed as Exhibit 10.4 to\\nAMD’s Current Report on Form 8-K dated March 5, 2009, is hereby incorporated by reference.\\n\\n10.45(a) Amended and Restated Funding Agreement by and among Advanced Micro Devices, Inc.,\\nAdvanced Technology Investment Company LLC and GlobalFoundries Inc. dated December 27,\\n2010.\\n\\n**10.46\\n\\nWafer Supply Agreement dated March 2, 2009 by and among Advanced Micro Devices, Inc., The\\nFoundry Company and AMD Fab Technologies US Inc., filed as Exhibit 10.5 to AMD’s Current\\nReport on Form 8-K dated March 5, 2009, is hereby incorporated by reference.\\n\\n*10.47\\n\\nOffer Letter—Thomas Seifert dated August 31, 2009 filed as Exhibit 10.1 to AMD’s Current Report\\non Form 8-K dated October 8, 2009, is hereby incorporated by reference.\\n\\n*10.48\\n\\nRelocation Expenses Agreement—Thomas Seifert dated August 31, 2009 by and between\\nAdvanced Micro Devices, Inc. and Thomas Seifert filed as Exhibit 10.2 to AMD’s Current Report\\non Form 8-K dated October 8, 2009, is hereby incorporated by 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allowance for loan losses\"}],\"order\":19,\"text\":\"Less: allowance for loan losses\"},{\"bbox\":[55.7,216.8,71.5,226.6],\"lines\":[{\"bbox\":[55.7,216.8,71.5,226.6],\"text\":\"Total\"}],\"order\":20,\"text\":\"Total\"},{\"bbox\":[333.6,214.9,338.4,224.5],\"lines\":[{\"bbox\":[333.6,214.9,338.4,224.5],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[396.2,79.8,415.3,89.5],\"lines\":[{\"bbox\":[396.2,79.8,415.3,89.5],\"text\":\"2010\"}],\"order\":22,\"text\":\"2010\"},{\"bbox\":[356.6,92.9,399.4,184.8],\"lines\":[{\"bbox\":[358.9,92.9,398.8,102.8],\"text\":\"(in millions)\"},{\"bbox\":[356.7,103.1,371.1,112.8],\"text\":\"252\"},{\"bbox\":[386.7,103.0,391.6,112.6],\"text\":\"$\"},{\"bbox\":[361.6,112.1,371.2,121.8],\"text\":\"65\"},{\"bbox\":[356.9,121.1,371.2,130.8],\"text\":\"223\"},{\"bbox\":[356.9,130.1,371.3,139.8],\"text\":\"284\"},{\"bbox\":[357.0,139.1,371.4,148.8],\"text\":\"141\"},{\"bbox\":[357.1,148.1,371.5,157.8],\"text\":\"584\"},{\"bbox\":[357.1,157.1,371.5,166.8],\"text\":\"648\"},{\"bbox\":[357.2,166.1,371.6,175.8],\"text\":\"244\"},{\"bbox\":[357.3,175.1,371.7,184.8],\"text\":\"183\"}],\"order\":23,\"text\":\"(in millions)\\n252\\n$\\n65\\n223\\n284\\n141\\n584\\n648\\n244\\n183\"},{\"bbox\":[350.4,214.6,372.0,224.4],\"lines\":[{\"bbox\":[350.4,214.6,372.0,224.4],\"text\":\"2,589\"}],\"order\":24,\"text\":\"2,589\"},{\"bbox\":[387.6,214.5,392.4,224.1],\"lines\":[{\"bbox\":[387.6,214.5,392.4,224.1],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[404.4,214.2,426.0,224.0],\"lines\":[{\"bbox\":[404.4,214.2,426.0,224.0],\"text\":\"2,577\"}],\"order\":26,\"text\":\"2,577\"},{\"bbox\":[55.9,234.8,415.2,248.3],\"lines\":[{\"bbox\":[55.9,234.8,415.2,248.3],\"text\":\"Concentrations of credit risk of commercial mortgage loans by property type were as follows:\"}],\"order\":27,\"text\":\"Concentrations of credit risk of commercial mortgage loans by property type were as follows:\"},{\"bbox\":[370.0,257.0,390.1,266.7],\"lines\":[{\"bbox\":[370.0,257.0,390.1,266.7],\"text\":\"Loans\"}],\"order\":28,\"text\":\"Loans\"},{\"bbox\":[469.0,256.1,507.1,266.0],\"lines\":[{\"bbox\":[469.0,256.1,507.1,266.0],\"text\":\"Percentage\"}],\"order\":29,\"text\":\"Percentage\"},{\"bbox\":[355.3,269.9,405.0,279.8],\"lines\":[{\"bbox\":[355.3,269.9,405.0,279.8],\"text\":\"December 31,\"}],\"order\":30,\"text\":\"December 31,\"},{\"bbox\":[463.3,269.1,513.0,279.0],\"lines\":[{\"bbox\":[463.3,269.1,513.0,279.0],\"text\":\"December 31,\"}],\"order\":31,\"text\":\"December 31,\"},{\"bbox\":[343.7,283.2,362.8,292.9],\"lines\":[{\"bbox\":[343.7,283.2,362.8,292.9],\"text\":\"2011\"}],\"order\":32,\"text\":\"2011\"},{\"bbox\":[56.4,308.2,95.9,372.1],\"lines\":[{\"bbox\":[56.4,308.2,95.5,318.1],\"text\":\"Apartments\"},{\"bbox\":[56.5,317.3,74.4,327.1],\"text\":\"Hotel\"},{\"bbox\":[56.5,326.2,87.7,336.1],\"text\":\"Industrial\"},{\"bbox\":[56.6,335.2,92.3,345.1],\"text\":\"Mixed Use\"},{\"bbox\":[56.7,344.3,76.2,354.1],\"text\":\"Office\"},{\"bbox\":[56.7,353.3,76.0,363.1],\"text\":\"Retail\"},{\"bbox\":[56.8,362.3,75.4,372.1],\"text\":\"Other\"}],\"order\":33,\"text\":\"Apartments\\nHotel\\nIndustrial\\nMixed Use\\nOffice\\nRetail\\nOther\"},{\"bbox\":[334.2,306.4,339.1,316.0],\"lines\":[{\"bbox\":[334.2,306.4,339.1,316.0],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[57.0,388.2,164.0,398.5],\"lines\":[{\"bbox\":[57.0,388.2,164.0,398.5],\"text\":\"Less: allowance for loan losses\"}],\"order\":35,\"text\":\"Less: allowance for loan losses\"},{\"bbox\":[57.1,401.8,72.8,411.5],\"lines\":[{\"bbox\":[57.1,401.8,72.8,411.5],\"text\":\"Total\"}],\"order\":36,\"text\":\"Total\"},{\"bbox\":[335.0,399.9,339.8,409.5],\"lines\":[{\"bbox\":[335.0,399.9,339.8,409.5],\"text\":\"$\"}],\"order\":37,\"text\":\"$\"},{\"bbox\":[397.7,282.8,416.8,292.5],\"lines\":[{\"bbox\":[397.7,282.8,416.8,292.5],\"text\":\"2010\"}],\"order\":38,\"text\":\"2010\"},{\"bbox\":[451.7,282.4,470.8,292.1],\"lines\":[{\"bbox\":[451.7,282.4,470.8,292.1],\"text\":\"2011\"}],\"order\":39,\"text\":\"2011\"},{\"bbox\":[505.7,282.0,524.8,291.7],\"lines\":[{\"bbox\":[505.7,282.0,524.8,291.7],\"text\":\"2010\"}],\"order\":40,\"text\":\"2010\"},{\"bbox\":[412.2,305.7,427.0,369.4],\"lines\":[{\"bbox\":[412.2,305.7,426.6,315.4],\"text\":\"351\"},{\"bbox\":[417.1,314.7,426.7,324.4],\"text\":\"57\"},{\"bbox\":[412.4,323.7,426.8,333.4],\"text\":\"475\"},{\"bbox\":[417.2,332.7,426.8,342.4],\"text\":\"43\"},{\"bbox\":[412.5,341.7,426.9,351.4],\"text\":\"747\"},{\"bbox\":[412.6,350.7,427.0,360.4],\"text\":\"843\"},{\"bbox\":[417.4,359.7,427.0,369.4],\"text\":\"99\"}],\"order\":41,\"text\":\"351\\n57\\n475\\n43\\n747\\n843\\n99\"},{\"bbox\":[459.0,305.4,475.2,369.1],\"lines\":[{\"bbox\":[459.0,305.4,474.8,315.1],\"text\":\"15%\"},{\"bbox\":[463.9,314.4,468.7,324.0],\"text\":\"2\"},{\"bbox\":[459.2,323.4,468.8,333.1],\"text\":\"18\"},{\"bbox\":[464.0,332.4,468.8,342.0],\"text\":\"2\"},{\"bbox\":[459.3,341.4,468.9,351.1],\"text\":\"26\"},{\"bbox\":[459.4,350.4,469.0,360.1],\"text\":\"32\"},{\"bbox\":[464.2,359.4,469.0,369.0],\"text\":\"5\"}],\"order\":42,\"text\":\"15%\\n2\\n18\\n2\\n26\\n32\\n5\"},{\"bbox\":[513.0,305.0,529.2,368.7],\"lines\":[{\"bbox\":[513.0,305.0,528.8,314.7],\"text\":\"13%\"},{\"bbox\":[517.9,314.0,522.7,323.6],\"text\":\"2\"},{\"bbox\":[513.2,323.0,522.8,332.7],\"text\":\"18\"},{\"bbox\":[518.0,332.0,522.8,341.6],\"text\":\"2\"},{\"bbox\":[513.3,341.0,522.9,350.7],\"text\":\"29\"},{\"bbox\":[513.4,350.0,523.0,359.7],\"text\":\"32\"},{\"bbox\":[518.2,359.0,523.0,368.6],\"text\":\"4\"}],\"order\":43,\"text\":\"13%\\n2\\n18\\n2\\n29\\n32\\n4\"},{\"bbox\":[351.6,373.1,373.1,382.9],\"lines\":[{\"bbox\":[351.6,373.1,373.1,382.9],\"text\":\"2,624\"}],\"order\":44,\"text\":\"2,624\"},{\"bbox\":[405.6,372.7,427.1,382.5],\"lines\":[{\"bbox\":[405.6,372.7,427.1,382.5],\"text\":\"2,615\"}],\"order\":45,\"text\":\"2,615\"},{\"bbox\":[454.7,372.4,475.3,382.1],\"lines\":[{\"bbox\":[454.7,372.4,475.3,382.1],\"text\":\"100%\"}],\"order\":46,\"text\":\"100%\"},{\"bbox\":[508.7,371.9,529.3,381.7],\"lines\":[{\"bbox\":[508.7,371.9,529.3,381.7],\"text\":\"100%\"}],\"order\":47,\"text\":\"100%\"},{\"bbox\":[363.6,386.6,373.2,396.3],\"lines\":[{\"bbox\":[363.6,386.6,373.2,396.3],\"text\":\"35\"}],\"order\":48,\"text\":\"35\"},{\"bbox\":[417.6,386.2,427.2,395.9],\"lines\":[{\"bbox\":[417.6,386.2,427.2,395.9],\"text\":\"38\"}],\"order\":49,\"text\":\"38\"},{\"bbox\":[358.1,295.9,400.8,369.8],\"lines\":[{\"bbox\":[360.4,295.9,400.3,305.8],\"text\":\"(in millions)\"},{\"bbox\":[358.2,306.1,372.6,315.8],\"text\":\"392\"},{\"bbox\":[388.2,306.0,393.1,315.6],\"text\":\"$\"},{\"bbox\":[363.1,315.1,372.7,324.8],\"text\":\"51\"},{\"bbox\":[358.4,324.1,372.8,333.8],\"text\":\"480\"},{\"bbox\":[363.2,333.1,372.8,342.8],\"text\":\"42\"},{\"bbox\":[358.5,342.1,372.9,351.8],\"text\":\"694\"},{\"bbox\":[358.6,351.1,373.0,360.8],\"text\":\"845\"},{\"bbox\":[358.6,360.1,373.0,369.8],\"text\":\"120\"}],\"order\":50,\"text\":\"(in millions)\\n392\\n$\\n51\\n480\\n42\\n694\\n845\\n120\"},{\"bbox\":[351.8,399.6,373.3,409.4],\"lines\":[{\"bbox\":[351.8,399.6,373.3,409.4],\"text\":\"2,589\"}],\"order\":51,\"text\":\"2,589\"},{\"bbox\":[389.0,399.5,393.8,409.1],\"lines\":[{\"bbox\":[389.0,399.5,393.8,409.1],\"text\":\"$\"}],\"order\":52,\"text\":\"$\"},{\"bbox\":[405.8,399.2,427.3,409.0],\"lines\":[{\"bbox\":[405.8,399.2,427.3,409.0],\"text\":\"2,577\"}],\"order\":53,\"text\":\"2,577\"},{\"bbox\":[57.3,428.5,132.7,440.4],\"lines\":[{\"bbox\":[57.3,428.5,132.7,440.4],\"text\":\"Syndicated Loans\"}],\"order\":54,\"text\":\"Syndicated Loans\"},{\"bbox\":[57.4,437.1,520.6,473.3],\"lines\":[{\"bbox\":[57.4,437.2,503.7,451.3],\"text\":\"The Company’s syndicated loan portfolio is diversified across industries and issuers. The primary credit indicator for\"},{\"bbox\":[57.5,448.1,520.5,462.3],\"text\":\"syndicated loans is whether the loans are performing in accordance with the contractual terms of the syndication. Total\"},{\"bbox\":[57.6,459.9,402.9,473.3],\"text\":\"nonperforming syndicated loans at both December 31, 2011 and 2010 were $3 million.\"}],\"order\":55,\"text\":\"The Company’s syndicated loan portfolio is diversified across industries and issuers. The primary credit indicator for\\nsyndicated loans is whether the loans are performing in accordance with the contractual terms of the syndication. Total\\nnonperforming syndicated loans at both December 31, 2011 and 2010 were $3 million.\"},{\"bbox\":[57.7,485.3,154.1,497.4],\"lines\":[{\"bbox\":[57.7,485.3,154.1,497.4],\"text\":\"Consumer Bank Loans\"}],\"order\":56,\"text\":\"Consumer Bank Loans\"},{\"bbox\":[57.8,494.1,516.1,530.3],\"lines\":[{\"bbox\":[57.8,494.2,500.3,508.3],\"text\":\"The Company considers the credit worthiness of borrowers (FICO score), collateral characteristics such as LTV and\"},{\"bbox\":[57.9,505.1,516.0,519.3],\"text\":\"geographic concentration in determining the allowance for loan losses for residential mortgage loans, credit cards and\"},{\"bbox\":[58.0,516.4,476.0,530.3],\"text\":\"other consumer bank loans. At a minimum, management updates FICO scores and LTV ratios semiannually.\"}],\"order\":57,\"text\":\"The Company considers the credit worthiness of borrowers (FICO score), collateral characteristics such as LTV and\\ngeographic concentration in determining the allowance for loan losses for residential mortgage loans, credit cards and\\nother consumer bank loans. At a minimum, management updates FICO scores and LTV ratios semiannually.\"},{\"bbox\":[58.1,532.9,538.0,602.3],\"lines\":[{\"bbox\":[58.1,533.1,519.4,547.3],\"text\":\"As of both December 31, 2011 and 2010, approximately 7% of residential mortgage loans and credit cards and other\"},{\"bbox\":[58.2,544.2,501.1,558.3],\"text\":\"consumer bank loans had FICO scores below 640. At December 31, 2011 and 2010, approximately 2% and 3%,\"},{\"bbox\":[58.3,554.9,537.8,569.3],\"text\":\"respectively, of the Company’s residential mortgage loans had LTV ratios greater than 90%. The Company’s most significant\"},{\"bbox\":[58.3,566.2,504.9,580.3],\"text\":\"geographic concentration for consumer bank loans is in California representing 38% and 33% of the portfolio as of\"},{\"bbox\":[58.4,577.0,527.6,591.3],\"text\":\"December 31, 2011 and 2010, respectively. No other state represents more than 10% of the total consumer bank loan\"},{\"bbox\":[58.5,591.2,92.3,602.3],\"text\":\"portfolio.\"}],\"order\":58,\"text\":\"As of both December 31, 2011 and 2010, approximately 7% of residential mortgage loans and credit cards and other\\nconsumer bank loans had FICO scores below 640. At December 31, 2011 and 2010, approximately 2% and 3%,\\nrespectively, of the Company’s residential mortgage loans had LTV ratios greater than 90%. The Company’s most significant\\ngeographic concentration for consumer bank loans is in California representing 38% and 33% of the portfolio as of\\nDecember 31, 2011 and 2010, respectively. No other state represents more than 10% of the total consumer bank loan\\nportfolio.\"},{\"bbox\":[58.7,614.7,215.8,629.9],\"lines\":[{\"bbox\":[58.7,614.7,215.8,629.9],\"text\":\"Troubled Debt Restructurings\"}],\"order\":59,\"text\":\"Troubled Debt Restructurings\"},{\"bbox\":[58.8,626.0,529.8,684.3],\"lines\":[{\"bbox\":[58.8,626.3,493.8,640.3],\"text\":\"During the year ended December 31, 2011 the Company restructured 119 loans with a recorded investment of\"},{\"bbox\":[58.9,637.0,529.6,651.3],\"text\":\"$52 million as of December 31, 2011. Of the total restructured loans, 11 loans were commercial mortgage loans with a\"},{\"bbox\":[59.0,648.0,524.0,662.3],\"text\":\"recorded investment of $51 million as of December 31, 2011. The troubled debt restructurings did not have a material\"},{\"bbox\":[59.0,659.0,527.9,673.3],\"text\":\"impact to the Company’s allowance for loan losses or income recognized for the year ended December 31, 2011. There\"},{\"bbox\":[59.1,670.5,465.9,684.3],\"text\":\"are no material commitments to lend additional funds to borrowers whose loans have been restructured.\"}],\"order\":60,\"text\":\"During the year ended December 31, 2011 the Company restructured 119 loans with a recorded investment of\\n$52 million as of December 31, 2011. Of the total restructured loans, 11 loans were commercial mortgage loans with a\\nrecorded investment of $51 million as of December 31, 2011. The troubled debt restructurings did not have a material\\nimpact to the Company’s allowance for loan losses or income recognized for the year ended December 31, 2011. There\\nare no material commitments to lend additional funds to borrowers whose loans have been restructured.\"},{\"bbox\":[507.3,740.0,521.7,749.7],\"lines\":[{\"bbox\":[507.3,740.0,521.7,749.7],\"text\":\"125\"}],\"order\":61,\"text\":\"125\"}],\"doc\":\"fintabnet:AMP_2011\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:\\n\\nLoans\\n\\nPercentage\\n\\nDecember 31,\\n\\nDecember 31,\\n\\n2011\\n\\nEast North Central\\nEast South Central\\nMiddle Atlantic\\nMountain\\nNew England\\nPacific\\nSouth Atlantic\\nWest North Central\\nWest South Central\\n\\n$\\n\\n2011\\n\\n2010\\n\\n242\\n66\\n215\\n301\\n156\\n541\\n625\\n271\\n198\\n\\n10%\\n2\\n9\\n11\\n5\\n22\\n25\\n9\\n7\\n\\n9%\\n3\\n8\\n11\\n6\\n21\\n24\\n10\\n8\\n\\n2,624\\n\\n2,615\\n\\n100%\\n\\n100%\\n\\n35\\n\\n38\\n\\nLess: allowance for loan losses\\n\\nTotal\\n\\n$\\n\\n2010\\n\\n(in millions)\\n252\\n$\\n65\\n223\\n284\\n141\\n584\\n648\\n244\\n183\\n\\n2,589\\n\\n$\\n\\n2,577\\n\\nConcentrations of credit risk of commercial mortgage loans by property type were as follows:\\n\\nLoans\\n\\nPercentage\\n\\nDecember 31,\\n\\nDecember 31,\\n\\n2011\\n\\nApartments\\nHotel\\nIndustrial\\nMixed Use\\nOffice\\nRetail\\nOther\\n\\n$\\n\\nLess: allowance for loan losses\\n\\nTotal\\n\\n$\\n\\n2010\\n\\n2011\\n\\n2010\\n\\n351\\n57\\n475\\n43\\n747\\n843\\n99\\n\\n15%\\n2\\n18\\n2\\n26\\n32\\n5\\n\\n13%\\n2\\n18\\n2\\n29\\n32\\n4\\n\\n2,624\\n\\n2,615\\n\\n100%\\n\\n100%\\n\\n35\\n\\n38\\n\\n(in millions)\\n392\\n$\\n51\\n480\\n42\\n694\\n845\\n120\\n\\n2,589\\n\\n$\\n\\n2,577\\n\\nSyndicated Loans\\n\\nThe Company’s syndicated loan portfolio is diversified across industries and issuers. The primary credit indicator for\\nsyndicated loans is whether the loans are performing in accordance with the contractual terms of the syndication. Total\\nnonperforming syndicated loans at both December 31, 2011 and 2010 were $3 million.\\n\\nConsumer Bank Loans\\n\\nThe Company considers the credit worthiness of borrowers (FICO score), collateral characteristics such as LTV and\\ngeographic concentration in determining the allowance for loan losses for residential mortgage loans, credit cards and\\nother consumer bank loans. At a minimum, management updates FICO scores and LTV ratios semiannually.\\n\\nAs of both December 31, 2011 and 2010, approximately 7% of residential mortgage loans and credit cards and other\\nconsumer bank loans had FICO scores below 640. At December 31, 2011 and 2010, approximately 2% and 3%,\\nrespectively, of the Company’s residential mortgage loans had LTV ratios greater than 90%. The Company’s most significant\\ngeographic concentration for consumer bank loans is in California representing 38% and 33% of the portfolio as of\\nDecember 31, 2011 and 2010, respectively. No other state represents more than 10% of the total consumer bank loan\\nportfolio.\\n\\nTroubled Debt Restructurings\\n\\nDuring the year ended December 31, 2011 the Company restructured 119 loans with a recorded investment of\\n$52 million as of December 31, 2011. Of the total restructured loans, 11 loans were commercial mortgage loans with a\\nrecorded investment of $51 million as of December 31, 2011. The troubled debt restructurings did not have a material\\nimpact to the Company’s allowance for loan losses or income recognized for the year ended December 31, 2011. There\\nare no material commitments to lend additional funds to borrowers whose loans have been restructured.\\n\\n125\",\"name\":\"fintabnet.AMP_2011_page_140__72dpi_mild\",\"page_id\":\"fintabnet.AMP_2011_page_140\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.425,\"source\":\"fintabnet\",\"source_id\":\"AMP_2011_page_140\",\"stack\":[{\"deg\":0.425,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.449},{\"op\":\"noise\",\"sigma\":3.655},{\"op\":\"jpeg\",\"q\":87}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[56.0,256.0,529.5,411.5],\"block_orders\":[28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53],\"cells\":null}],\"text\":\"Concentrations of credit risk of commercial mortgage loans by U.S. region were as follows:\\n\\nLoans\\n\\nPercentage\\n\\nDecember 31,\\n\\nDecember 31,\\n\\n2011\\n\\nEast North Central\\nEast South Central\\nMiddle Atlantic\\nMountain\\nNew England\\nPacific\\nSouth Atlantic\\nWest North Central\\nWest South Central\\n\\n$\\n\\n2011\\n\\n2010\\n\\n242\\n66\\n215\\n301\\n156\\n541\\n625\\n271\\n198\\n\\n10%\\n2\\n9\\n11\\n5\\n22\\n25\\n9\\n7\\n\\n9%\\n3\\n8\\n11\\n6\\n21\\n24\\n10\\n8\\n\\n2,624\\n\\n2,615\\n\\n100%\\n\\n100%\\n\\n35\\n\\n38\\n\\nLess: allowance for loan losses\\n\\nTotal\\n\\n$\\n\\n2010\\n\\n(in millions)\\n252\\n$\\n65\\n223\\n284\\n141\\n584\\n648\\n244\\n183\\n\\n2,589\\n\\n$\\n\\n2,577\\n\\nConcentrations of credit risk of commercial mortgage loans by property type were as follows:\\n\\nLoans\\n\\nPercentage\\n\\nDecember 31,\\n\\nDecember 31,\\n\\n2011\\n\\nApartments\\nHotel\\nIndustrial\\nMixed Use\\nOffice\\nRetail\\nOther\\n\\n$\\n\\nLess: allowance for loan losses\\n\\nTotal\\n\\n$\\n\\n2010\\n\\n2011\\n\\n2010\\n\\n351\\n57\\n475\\n43\\n747\\n843\\n99\\n\\n15%\\n2\\n18\\n2\\n26\\n32\\n5\\n\\n13%\\n2\\n18\\n2\\n29\\n32\\n4\\n\\n2,624\\n\\n2,615\\n\\n100%\\n\\n100%\\n\\n35\\n\\n38\\n\\n(in millions)\\n392\\n$\\n51\\n480\\n42\\n694\\n845\\n120\\n\\n2,589\\n\\n$\\n\\n2,577\\n\\nSyndicated Loans\\n\\nThe Company’s syndicated loan portfolio is diversified across industries and issuers. The primary credit indicator for\\nsyndicated loans is whether the loans are performing in accordance with the contractual terms of the syndication. Total\\nnonperforming syndicated loans at both December 31, 2011 and 2010 were $3 million.\\n\\nConsumer Bank Loans\\n\\nThe Company considers the credit worthiness of borrowers (FICO score), collateral characteristics such as LTV and\\ngeographic concentration in determining the allowance for loan losses for residential mortgage loans, credit cards and\\nother consumer bank loans. At a minimum, management updates FICO scores and LTV ratios semiannually.\\n\\nAs of both December 31, 2011 and 2010, approximately 7% of residential mortgage loans and credit cards and other\\nconsumer bank loans had FICO scores below 640. At December 31, 2011 and 2010, approximately 2% and 3%,\\nrespectively, of the Company’s residential mortgage loans had LTV ratios greater than 90%. The Company’s most significant\\ngeographic concentration for consumer bank loans is in California representing 38% and 33% of the portfolio as of\\nDecember 31, 2011 and 2010, respectively. No other state represents more than 10% of the total consumer bank loan\\nportfolio.\\n\\nTroubled Debt Restructurings\\n\\nDuring the year ended December 31, 2011 the Company restructured 119 loans with a recorded investment of\\n$52 million as of December 31, 2011. Of the total restructured loans, 11 loans were commercial mortgage loans with a\\nrecorded investment of $51 million as of December 31, 2011. The troubled debt restructurings did not have a material\\nimpact to the Company’s allowance for loan losses or income recognized for the year ended December 31, 2011. There\\nare no material commitments to lend additional funds to borrowers whose loans have been restructured.\\n\\n125\"},\"name\":\"fintabnet.AMP_2011_page_140__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":106908,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:AMP_2011\",\"dpi\":72,\"gt_sha256\":\"5561ea9a502226809775f5eeb955ac057a66dc4319ca483886b7a06b6c6fa7d2\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AMP_2011_page_140__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.AMP_2011_page_140\",\"pdf_sha256\":\"8a6a7065089b922f051d7adc709ac1b716feaaebe99666c2cb378b5536051d59\",\"px\":[594,774],\"scan\":{\"render\":\"0000007c605060583ff0006c6078405e70607ffc7ff87ffc7c007ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"AMP_2011_page_140\",\"src\":{\"file_sha256\":\"d5c2f201178087fa6ad23c09a65a555dbde22e011a7c04e04c404a04323b740e\",\"render\":\"0000007c6050605c7ff0007c6078405c7ff03ff87ff87ffc7c007ffc00000000\",\"text\":\"06c2f5fa84bcfe2429c3e19ba68944b1cb41d433a98e0b51ce9c0a107f48a263\"},\"stack\":[{\"deg\":0.425,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.449},{\"op\":\"noise\",\"sigma\":3.655},{\"op\":\"jpeg\",\"q\":87}],\"tools\":\"21647cade0ee\"},\"sha256\":\"8a6a7065089b922f051d7adc709ac1b716feaaebe99666c2cb378b5536051d59\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/8a6a7065089b922f051d7adc709ac1b716feaaebe99666c2cb378b5536051d59.pdf","asset_sha256":"8a6a7065089b922f051d7adc709ac1b716feaaebe99666c2cb378b5536051d59","document_id":"fintabnet:AMP_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMP_2011_page_140\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMP_2011_page_91\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AMP_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[187.7,70.6,636.3,123.2],\"lines\":[{\"bbox\":[187.7,70.6,636.3,123.2],\"text\":\"Advice & Wealth Management\"}],\"order\":0,\"text\":\"Advice & Wealth Management\"},{\"bbox\":[186.8,108.3,1266.9,171.5],\"lines\":[{\"bbox\":[186.8,108.3,1266.9,171.5],\"text\":\"The following table presents the changes in wrap account assets for the years ended December 31:\"}],\"order\":1,\"text\":\"The following table presents the changes in wrap account assets for the years ended December 31:\"},{\"bbox\":[1318.4,204.1,1372.3,232.4],\"lines\":[{\"bbox\":[1318.4,204.1,1372.3,232.4],\"text\":\"2010\"}],\"order\":2,\"text\":\"2010\"},{\"bbox\":[1444.7,208.0,1498.6,236.3],\"lines\":[{\"bbox\":[1444.7,208.0,1498.6,236.3],\"text\":\"2009\"}],\"order\":3,\"text\":\"2009\"},{\"bbox\":[181.5,233.2,473.3,318.7],\"lines\":[{\"bbox\":[183.1,233.2,358.4,265.2],\"text\":\"Beginning balance\"},{\"bbox\":[182.3,258.2,271.6,287.5],\"text\":\"Net flows\"},{\"bbox\":[181.5,283.1,471.8,318.7],\"text\":\"Market appreciation and other\"}],\"order\":4,\"text\":\"Beginning balance\\nNet flows\\nMarket appreciation and other\"},{\"bbox\":[1296.6,267.4,1310.6,294.4],\"lines\":[{\"bbox\":[1296.6,267.4,1310.6,294.4],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[1341.6,241.1,1517.5,350.8],\"lines\":[{\"bbox\":[1355.0,241.4,1459.9,271.2],\"text\":\"(in billions)\"},{\"bbox\":[1343.1,268.8,1390.3,296.9],\"text\":\"81.3\"},{\"bbox\":[1422.8,271.3,1516.6,300.8],\"text\":\"$ 62.2\"},{\"bbox\":[1355.6,294.2,1389.6,321.9],\"text\":\"7.6\"},{\"bbox\":[1481.9,298.1,1515.9,325.8],\"text\":\"7.9\"},{\"bbox\":[1354.8,319.2,1388.8,346.9],\"text\":\"8.6\"},{\"bbox\":[1467.8,322.7,1515.1,350.8],\"text\":\"11.2\"}],\"order\":6,\"text\":\"(in billions)\\n81.3\\n$ 62.2\\n7.6\\n7.9\\n8.6\\n11.2\"},{\"bbox\":[180.4,319.2,326.5,350.4],\"lines\":[{\"bbox\":[180.4,319.2,326.5,350.4],\"text\":\"Ending balance\"}],\"order\":7,\"text\":\"Ending balance\"},{\"bbox\":[1293.9,353.5,1308.0,380.5],\"lines\":[{\"bbox\":[1293.9,353.5,1308.0,380.5],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[1340.4,354.9,1387.7,383.0],\"lines\":[{\"bbox\":[1340.4,354.9,1387.7,383.0],\"text\":\"97.5\"}],\"order\":9,\"text\":\"97.5\"},{\"bbox\":[1420.2,357.3,1434.3,384.4],\"lines\":[{\"bbox\":[1420.2,357.3,1434.3,384.4],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[1466.7,358.8,1514.0,386.8],\"lines\":[{\"bbox\":[1466.7,358.8,1514.0,386.8],\"text\":\"81.3\"}],\"order\":11,\"text\":\"81.3\"},{\"bbox\":[177.6,376.3,1397.3,474.2],\"lines\":[{\"bbox\":[178.6,376.3,1397.3,443.7],\"text\":\"Wrap account assets increased $16.2 billion, or 20%, to $97.5 billion compared to the prior year due to market\"},{\"bbox\":[177.6,406.8,489.2,446.3],\"text\":\"appreciation and net inflows.\"}],\"order\":12,\"text\":\"Wrap account assets increased $16.2 billion, or 20%, to $97.5 billion compared to the prior year due to market\\nappreciation and net inflows.\"},{\"bbox\":[176.2,454.0,1258.7,517.2],\"lines\":[{\"bbox\":[176.2,454.0,1258.7,517.2],\"text\":\"The following table presents the results of operations of our Advice & Wealth Management segment:\"}],\"order\":13,\"text\":\"The following table presents the results of operations of our Advice & Wealth Management segment:\"},{\"bbox\":[732.1,532.1,995.0,566.8],\"lines\":[{\"bbox\":[732.1,532.1,995.0,566.8],\"text\":\"Years Ended December 31,\"}],\"order\":14,\"text\":\"Years Ended December 31,\"},{\"bbox\":[610.7,564.5,664.6,592.8],\"lines\":[{\"bbox\":[610.7,564.5,664.6,592.8],\"text\":\"2010\"}],\"order\":15,\"text\":\"2010\"},{\"bbox\":[568.0,599.4,704.3,655.1],\"lines\":[{\"bbox\":[611.8,600.7,661.3,628.8],\"text\":\"Less:\"},{\"bbox\":[568.0,624.1,703.6,655.1],\"text\":\"Adjustments (1)\"}],\"order\":16,\"text\":\"Less:\\nAdjustments (1)\"},{\"bbox\":[454.6,620.9,507.0,649.1],\"lines\":[{\"bbox\":[454.6,620.9,507.0,649.1],\"text\":\"GAAP\"}],\"order\":17,\"text\":\"GAAP\"},{\"bbox\":[165.7,672.9,391.6,831.6],\"lines\":[{\"bbox\":[169.5,672.9,270.5,703.0],\"text\":\"Revenues\"},{\"bbox\":[168.8,698.2,337.3,730.0],\"text\":\"Management and\"},{\"bbox\":[190.2,723.9,384.5,756.5],\"text\":\"financial advice fees\"},{\"bbox\":[167.2,748.2,322.5,779.6],\"text\":\"Distribution fees\"},{\"bbox\":[166.5,773.2,388.5,806.6],\"text\":\"Net investment income\"},{\"bbox\":[165.7,798.2,310.7,829.3],\"text\":\"Other revenues\"}],\"order\":18,\"text\":\"Revenues\\nManagement and\\nfinancial advice fees\\nDistribution fees\\nNet investment income\\nOther revenues\"},{\"bbox\":[423.8,731.1,437.9,758.1],\"lines\":[{\"bbox\":[423.8,731.1,437.9,758.1],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[468.1,732.5,530.9,836.0],\"lines\":[{\"bbox\":[470.4,732.5,530.9,761.0],\"text\":\"1,370\"},{\"bbox\":[469.6,757.5,530.1,786.0],\"text\":\"1,696\"},{\"bbox\":[488.7,783.1,529.3,811.0],\"text\":\"273\"},{\"bbox\":[501.3,808.5,528.6,836.0],\"text\":\"71\"}],\"order\":20,\"text\":\"1,370\\n1,696\\n273\\n71\"},{\"bbox\":[598.4,736.4,612.5,763.5],\"lines\":[{\"bbox\":[598.4,736.4,612.5,763.5],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[640.9,737.8,666.3,840.1],\"lines\":[{\"bbox\":[643.3,737.8,666.3,765.2],\"text\":\"—\"},{\"bbox\":[642.5,762.8,665.5,790.1],\"text\":\"—\"},{\"bbox\":[650.7,788.1,664.8,815.1],\"text\":\"1\"},{\"bbox\":[641.0,812.8,664.0,840.1],\"text\":\"—\"}],\"order\":22,\"text\":\"—\\n—\\n1\\n—\"},{\"bbox\":[1060.3,578.3,1114.1,606.6],\"lines\":[{\"bbox\":[1060.3,578.3,1114.1,606.6],\"text\":\"2009\"}],\"order\":23,\"text\":\"2009\"},{\"bbox\":[903.1,609.7,1153.9,702.3],\"lines\":[{\"bbox\":[1061.3,614.5,1110.9,642.6],\"text\":\"Less:\"},{\"bbox\":[904.1,634.7,956.6,662.9],\"text\":\"GAAP\"},{\"bbox\":[1017.6,637.9,1153.1,669.0],\"text\":\"Adjustments (1)\"},{\"bbox\":[909.3,668.2,1020.8,698.2],\"text\":\"(in millions)\"}],\"order\":24,\"text\":\"Less:\\nGAAP\\nAdjustments (1)\\n(in millions)\"},{\"bbox\":[745.0,629.8,836.5,659.2],\"lines\":[{\"bbox\":[745.0,629.8,836.5,659.2],\"text\":\"Operating\"}],\"order\":25,\"text\":\"Operating\"},{\"bbox\":[733.8,740.6,747.9,767.7],\"lines\":[{\"bbox\":[733.8,740.6,747.9,767.7],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[778.1,742.0,840.9,845.5],\"lines\":[{\"bbox\":[780.4,742.0,840.9,770.5],\"text\":\"1,370\"},{\"bbox\":[779.6,767.0,840.1,795.5],\"text\":\"1,696\"},{\"bbox\":[798.8,792.6,839.4,820.5],\"text\":\"272\"},{\"bbox\":[811.3,818.0,838.6,845.5],\"text\":\"71\"}],\"order\":27,\"text\":\"1,370\\n1,696\\n272\\n71\"},{\"bbox\":[873.3,744.9,887.4,772.0],\"lines\":[{\"bbox\":[873.3,744.9,887.4,772.0],\"text\":\"$\"}],\"order\":28,\"text\":\"$\"},{\"bbox\":[1041.3,750.1,1055.4,777.1],\"lines\":[{\"bbox\":[1041.3,750.1,1055.4,777.1],\"text\":\"$\"}],\"order\":29,\"text\":\"$\"},{\"bbox\":[1183.4,754.4,1197.4,781.5],\"lines\":[{\"bbox\":[1183.4,754.4,1197.4,781.5],\"text\":\"$\"}],\"order\":30,\"text\":\"$\"},{\"bbox\":[1322.9,758.7,1337.0,785.8],\"lines\":[{\"bbox\":[1322.9,758.7,1337.0,785.8],\"text\":\"$\"}],\"order\":31,\"text\":\"$\"},{\"bbox\":[1440.3,762.4,1494.3,865.6],\"lines\":[{\"bbox\":[1449.8,762.6,1494.3,790.6],\"text\":\"26%\"},{\"bbox\":[1449.1,787.6,1476.4,815.1],\"text\":\"14\"},{\"bbox\":[1441.1,812.4,1482.9,840.3],\"text\":\"(12)\"},{\"bbox\":[1460.9,838.0,1475.0,865.0],\"text\":\"9\"}],\"order\":32,\"text\":\"26%\\n14\\n(12)\\n9\"},{\"bbox\":[1366.1,871.2,1406.7,899.1],\"lines\":[{\"bbox\":[1366.1,871.2,1406.7,899.1],\"text\":\"457\"}],\"order\":33,\"text\":\"457\"},{\"bbox\":[1446.4,873.7,1473.8,901.1],\"lines\":[{\"bbox\":[1446.4,873.7,1473.8,901.1],\"text\":\"15\"}],\"order\":34,\"text\":\"15\"},{\"bbox\":[498.6,894.6,526.0,922.0],\"lines\":[{\"bbox\":[498.6,894.6,526.0,922.0],\"text\":\"67\"}],\"order\":35,\"text\":\"67\"},{\"bbox\":[638.3,898.9,661.4,926.2],\"lines\":[{\"bbox\":[638.3,898.9,661.4,926.2],\"text\":\"—\"}],\"order\":36,\"text\":\"—\"},{\"bbox\":[808.6,904.1,836.0,931.6],\"lines\":[{\"bbox\":[808.6,904.1,836.0,931.6],\"text\":\"67\"}],\"order\":37,\"text\":\"67\"},{\"bbox\":[934.9,908.0,975.5,935.8],\"lines\":[{\"bbox\":[934.9,908.0,975.5,935.8],\"text\":\"133\"}],\"order\":38,\"text\":\"133\"},{\"bbox\":[1094.5,912.9,1117.5,940.2],\"lines\":[{\"bbox\":[1094.5,912.9,1117.5,940.2],\"text\":\"—\"}],\"order\":39,\"text\":\"—\"},{\"bbox\":[1244.9,917.5,1285.5,945.4],\"lines\":[{\"bbox\":[1244.9,917.5,1285.5,945.4],\"text\":\"133\"}],\"order\":40,\"text\":\"133\"},{\"bbox\":[1370.6,921.4,1412.4,949.3],\"lines\":[{\"bbox\":[1370.6,921.4,1412.4,949.3],\"text\":\"(66)\"}],\"order\":41,\"text\":\"(66)\"},{\"bbox\":[1437.7,923.4,1479.5,951.3],\"lines\":[{\"bbox\":[1437.7,923.4,1479.5,951.3],\"text\":\"(50)\"}],\"order\":42,\"text\":\"(50)\"},{\"bbox\":[161.9,920.3,337.0,952.4],\"lines\":[{\"bbox\":[161.9,920.3,337.0,952.4],\"text\":\"Total net revenues\"}],\"order\":43,\"text\":\"Total net revenues\"},{\"bbox\":[464.3,929.6,524.8,958.1],\"lines\":[{\"bbox\":[464.3,929.6,524.8,958.1],\"text\":\"3,343\"}],\"order\":44,\"text\":\"3,343\"},{\"bbox\":[646.2,935.2,660.3,962.3],\"lines\":[{\"bbox\":[646.2,935.2,660.3,962.3],\"text\":\"1\"}],\"order\":45,\"text\":\"1\"},{\"bbox\":[774.4,939.2,834.9,967.7],\"lines\":[{\"bbox\":[774.4,939.2,834.9,967.7],\"text\":\"3,342\"}],\"order\":46,\"text\":\"3,342\"},{\"bbox\":[913.9,943.5,974.4,971.9],\"lines\":[{\"bbox\":[913.9,943.5,974.4,971.9],\"text\":\"2,804\"}],\"order\":47,\"text\":\"2,804\"},{\"bbox\":[1081.8,948.6,1123.6,976.5],\"lines\":[{\"bbox\":[1081.8,948.6,1123.6,976.5],\"text\":\"(15)\"}],\"order\":48,\"text\":\"(15)\"},{\"bbox\":[1223.9,953.0,1284.4,981.5],\"lines\":[{\"bbox\":[1223.9,953.0,1284.4,981.5],\"text\":\"2,819\"}],\"order\":49,\"text\":\"2,819\"},{\"bbox\":[1363.4,957.3,1404.0,985.1],\"lines\":[{\"bbox\":[1363.4,957.3,1404.0,985.1],\"text\":\"523\"}],\"order\":50,\"text\":\"523\"},{\"bbox\":[1443.8,959.7,1471.1,987.2],\"lines\":[{\"bbox\":[1443.8,959.7,1471.1,987.2],\"text\":\"19\"}],\"order\":51,\"text\":\"19\"},{\"bbox\":[462.4,990.7,522.9,1019.2],\"lines\":[{\"bbox\":[462.4,990.7,522.9,1019.2],\"text\":\"1,954\"}],\"order\":52,\"text\":\"1,954\"},{\"bbox\":[635.3,996.0,658.3,1023.4],\"lines\":[{\"bbox\":[635.3,996.0,658.3,1023.4],\"text\":\"—\"}],\"order\":53,\"text\":\"—\"},{\"bbox\":[772.5,1000.2,833.0,1028.7],\"lines\":[{\"bbox\":[772.5,1000.2,833.0,1028.7],\"text\":\"1,954\"}],\"order\":54,\"text\":\"1,954\"},{\"bbox\":[912.0,1004.5,972.5,1033.0],\"lines\":[{\"bbox\":[912.0,1004.5,972.5,1033.0],\"text\":\"1,644\"}],\"order\":55,\"text\":\"1,644\"},{\"bbox\":[1091.5,1010.0,1114.5,1037.4],\"lines\":[{\"bbox\":[1091.5,1010.0,1114.5,1037.4],\"text\":\"—\"}],\"order\":56,\"text\":\"—\"},{\"bbox\":[1222.0,1014.1,1282.5,1042.5],\"lines\":[{\"bbox\":[1222.0,1014.1,1282.5,1042.5],\"text\":\"1,644\"}],\"order\":57,\"text\":\"1,644\"},{\"bbox\":[1361.6,1018.3,1402.2,1046.2],\"lines\":[{\"bbox\":[1361.6,1018.3,1402.2,1046.2],\"text\":\"310\"}],\"order\":58,\"text\":\"310\"},{\"bbox\":[1441.9,1020.8,1469.3,1048.3],\"lines\":[{\"bbox\":[1441.9,1020.8,1469.3,1048.3],\"text\":\"19\"}],\"order\":59,\"text\":\"19\"},{\"bbox\":[460.2,1065.7,520.7,1094.2],\"lines\":[{\"bbox\":[460.2,1065.7,520.7,1094.2],\"text\":\"1,073\"}],\"order\":60,\"text\":\"1,073\"},{\"bbox\":[642.0,1071.3,656.1,1098.3],\"lines\":[{\"bbox\":[642.0,1071.3,656.1,1098.3],\"text\":\"7\"}],\"order\":61,\"text\":\"7\"},{\"bbox\":[770.2,1075.2,830.7,1103.7],\"lines\":[{\"bbox\":[770.2,1075.2,830.7,1103.7],\"text\":\"1,066\"}],\"order\":62,\"text\":\"1,066\"},{\"bbox\":[909.7,1079.5,970.2,1108.0],\"lines\":[{\"bbox\":[909.7,1079.5,970.2,1108.0],\"text\":\"1,193\"}],\"order\":63,\"text\":\"1,193\"},{\"bbox\":[1084.9,1084.9,1112.3,1112.4],\"lines\":[{\"bbox\":[1084.9,1084.9,1112.3,1112.4],\"text\":\"64\"}],\"order\":64,\"text\":\"64\"},{\"bbox\":[1219.7,1089.0,1280.2,1117.5],\"lines\":[{\"bbox\":[1219.7,1089.0,1280.2,1117.5],\"text\":\"1,129\"}],\"order\":65,\"text\":\"1,129\"},{\"bbox\":[1365.3,1093.5,1407.1,1121.4],\"lines\":[{\"bbox\":[1365.3,1093.5,1407.1,1121.4],\"text\":\"(63)\"}],\"order\":66,\"text\":\"(63)\"},{\"bbox\":[1445.6,1096.0,1474.2,1123.5],\"lines\":[{\"bbox\":[1445.6,1096.0,1474.2,1123.5],\"text\":\"(6)\"}],\"order\":67,\"text\":\"(6)\"},{\"bbox\":[459.0,1101.8,519.5,1130.3],\"lines\":[{\"bbox\":[459.0,1101.8,519.5,1130.3],\"text\":\"3,027\"}],\"order\":68,\"text\":\"3,027\"},{\"bbox\":[411.4,1136.4,425.4,1163.5],\"lines\":[{\"bbox\":[411.4,1136.4,425.4,1163.5],\"text\":\"$\"}],\"order\":69,\"text\":\"$\"},{\"bbox\":[477.8,1138.5,518.4,1166.4],\"lines\":[{\"bbox\":[477.8,1138.5,518.4,1166.4],\"text\":\"316\"}],\"order\":70,\"text\":\"316\"},{\"bbox\":[640.9,1107.4,655.0,1134.4],\"lines\":[{\"bbox\":[640.9,1107.4,655.0,1134.4],\"text\":\"7\"}],\"order\":71,\"text\":\"7\"},{\"bbox\":[585.9,1141.8,600.0,1168.9],\"lines\":[{\"bbox\":[585.9,1141.8,600.0,1168.9],\"text\":\"$\"}],\"order\":72,\"text\":\"$\"},{\"bbox\":[632.5,1143.2,661.1,1170.7],\"lines\":[{\"bbox\":[632.5,1143.2,661.1,1170.7],\"text\":\"(6)\"}],\"order\":73,\"text\":\"(6)\"},{\"bbox\":[769.0,1111.3,829.5,1139.8],\"lines\":[{\"bbox\":[769.0,1111.3,829.5,1139.8],\"text\":\"3,020\"}],\"order\":74,\"text\":\"3,020\"},{\"bbox\":[721.4,1146.0,735.4,1173.0],\"lines\":[{\"bbox\":[721.4,1146.0,735.4,1173.0],\"text\":\"$\"}],\"order\":75,\"text\":\"$\"},{\"bbox\":[787.8,1148.0,828.4,1175.9],\"lines\":[{\"bbox\":[787.8,1148.0,828.4,1175.9],\"text\":\"322\"}],\"order\":76,\"text\":\"322\"},{\"bbox\":[908.6,1115.6,969.1,1144.1],\"lines\":[{\"bbox\":[908.6,1115.6,969.1,1144.1],\"text\":\"2,837\"}],\"order\":77,\"text\":\"2,837\"},{\"bbox\":[860.9,1150.3,875.0,1177.3],\"lines\":[{\"bbox\":[860.9,1150.3,875.0,1177.3],\"text\":\"$\"}],\"order\":78,\"text\":\"$\"},{\"bbox\":[933.3,1152.5,975.2,1180.4],\"lines\":[{\"bbox\":[933.3,1152.5,975.2,1180.4],\"text\":\"(33)\"}],\"order\":79,\"text\":\"(33)\"},{\"bbox\":[1226.6,866.9,1287.1,895.4],\"lines\":[{\"bbox\":[1226.6,866.9,1287.1,895.4],\"text\":\"2,952\"}],\"order\":80,\"text\":\"2,952\"},{\"bbox\":[1367.2,760.1,1417.3,863.2],\"lines\":[{\"bbox\":[1369.5,760.1,1410.1,788.0],\"text\":\"282\"},{\"bbox\":[1368.7,785.1,1409.3,813.0],\"text\":\"205\"},{\"bbox\":[1374.0,810.3,1415.8,838.2],\"text\":\"(36)\"},{\"bbox\":[1393.8,835.9,1407.9,863.0],\"text\":\"6\"}],\"order\":81,\"text\":\"282\\n205\\n(36)\\n6\"},{\"bbox\":[648.9,849.2,662.9,876.2],\"lines\":[{\"bbox\":[648.9,849.2,662.9,876.2],\"text\":\"1\"}],\"order\":82,\"text\":\"1\"},{\"bbox\":[156.6,1092.5,296.3,1123.4],\"lines\":[{\"bbox\":[156.6,1092.5,296.3,1123.4],\"text\":\"Total expenses\"}],\"order\":83,\"text\":\"Total expenses\"},{\"bbox\":[1084.5,862.5,1126.3,890.5],\"lines\":[{\"bbox\":[1084.5,862.5,1126.3,890.5],\"text\":\"(15)\"}],\"order\":84,\"text\":\"(15)\"},{\"bbox\":[1227.6,755.8,1290.5,859.3],\"lines\":[{\"bbox\":[1229.9,755.8,1290.4,784.3],\"text\":\"1,088\"},{\"bbox\":[1229.2,780.8,1289.7,809.3],\"text\":\"1,491\"},{\"bbox\":[1248.3,806.4,1288.9,834.3],\"text\":\"308\"},{\"bbox\":[1260.9,831.8,1288.2,859.3],\"text\":\"65\"}],\"order\":85,\"text\":\"1,088\\n1,491\\n308\\n65\"},{\"bbox\":[467.0,843.6,527.5,872.1],\"lines\":[{\"bbox\":[467.0,843.6,527.5,872.1],\"text\":\"3,410\"}],\"order\":86,\"text\":\"3,410\"},{\"bbox\":[155.5,1128.6,350.6,1161.2],\"lines\":[{\"bbox\":[155.5,1128.6,350.6,1161.2],\"text\":\"Pretax income (loss)\"}],\"order\":87,\"text\":\"Pretax income (loss)\"},{\"bbox\":[916.6,857.4,977.1,885.9],\"lines\":[{\"bbox\":[916.6,857.4,977.1,885.9],\"text\":\"2,937\"}],\"order\":88,\"text\":\"2,937\"},{\"bbox\":[1085.6,751.5,1129.7,854.4],\"lines\":[{\"bbox\":[1099.4,751.8,1122.4,779.2],\"text\":\"—\"},{\"bbox\":[1098.7,776.8,1121.7,804.2],\"text\":\"—\"},{\"bbox\":[1086.4,801.5,1128.2,829.4],\"text\":\"(15)\"},{\"bbox\":[1097.2,826.8,1120.2,854.1],\"text\":\"—\"}],\"order\":89,\"text\":\"—\\n—\\n(15)\\n—\"},{\"bbox\":[1330.4,647.8,1501.0,679.6],\"lines\":[{\"bbox\":[1330.4,647.8,1501.0,679.6],\"text\":\"Operating Change\"}],\"order\":90,\"text\":\"Operating Change\"},{\"bbox\":[163.0,834.3,360.4,916.9],\"lines\":[{\"bbox\":[164.6,834.3,301.6,865.1],\"text\":\"Total revenues\"},{\"bbox\":[163.8,859.3,359.6,891.9],\"text\":\"Banking and deposit\"},{\"bbox\":[185.3,884.9,342.0,916.4],\"text\":\"interest expense\"}],\"order\":91,\"text\":\"Total revenues\\nBanking and deposit\\ninterest expense\"},{\"bbox\":[157.7,956.1,364.2,1089.3],\"lines\":[{\"bbox\":[160.8,956.1,259.6,986.1],\"text\":\"Expenses\"},{\"bbox\":[160.0,981.4,363.4,1014.3],\"text\":\"Distribution expenses\"},{\"bbox\":[159.3,1006.4,275.9,1036.6],\"text\":\"General and\"},{\"bbox\":[180.7,1032.1,313.0,1062.8],\"text\":\"administrative\"},{\"bbox\":[180.0,1057.1,258.3,1086.1],\"text\":\"expense\"}],\"order\":92,\"text\":\"Expenses\\nDistribution expenses\\nGeneral and\\nadministrative\\nexpense\"},{\"bbox\":[777.0,853.1,837.5,881.6],\"lines\":[{\"bbox\":[777.0,853.1,837.5,881.6],\"text\":\"3,409\"}],\"order\":93,\"text\":\"3,409\"},{\"bbox\":[917.6,746.3,980.5,849.8],\"lines\":[{\"bbox\":[919.9,746.3,980.4,774.8],\"text\":\"1,088\"},{\"bbox\":[919.2,771.3,979.7,799.8],\"text\":\"1,491\"},{\"bbox\":[938.3,796.9,978.9,824.8],\"text\":\"293\"},{\"bbox\":[950.8,822.3,978.2,849.8],\"text\":\"65\"}],\"order\":94,\"text\":\"1,088\\n1,491\\n293\\n65\"},{\"bbox\":[1194.6,643.6,1286.1,673.0],\"lines\":[{\"bbox\":[1194.6,643.6,1286.1,673.0],\"text\":\"Operating\"}],\"order\":95,\"text\":\"Operating\"},{\"bbox\":[1083.8,1121.0,1111.1,1148.4],\"lines\":[{\"bbox\":[1083.8,1121.0,1111.1,1148.4],\"text\":\"64\"}],\"order\":96,\"text\":\"64\"},{\"bbox\":[1028.9,1155.4,1042.9,1182.5],\"lines\":[{\"bbox\":[1028.9,1155.4,1042.9,1182.5],\"text\":\"$\"}],\"order\":97,\"text\":\"$\"},{\"bbox\":[1075.4,1156.8,1117.2,1184.8],\"lines\":[{\"bbox\":[1075.4,1156.8,1117.2,1184.8],\"text\":\"(79)\"}],\"order\":98,\"text\":\"(79)\"},{\"bbox\":[1218.6,1125.1,1279.1,1153.6],\"lines\":[{\"bbox\":[1218.6,1125.1,1279.1,1153.6],\"text\":\"2,773\"}],\"order\":99,\"text\":\"2,773\"},{\"bbox\":[1170.9,1159.8,1185.0,1186.8],\"lines\":[{\"bbox\":[1170.9,1159.8,1185.0,1186.8],\"text\":\"$\"}],\"order\":100,\"text\":\"$\"},{\"bbox\":[1250.6,1162.2,1278.0,1189.7],\"lines\":[{\"bbox\":[1250.6,1162.2,1278.0,1189.7],\"text\":\"46\"}],\"order\":101,\"text\":\"46\"},{\"bbox\":[1358.1,1129.4,1398.7,1157.3],\"lines\":[{\"bbox\":[1358.1,1129.4,1398.7,1157.3],\"text\":\"247\"}],\"order\":102,\"text\":\"247\"},{\"bbox\":[1310.4,1164.1,1324.5,1191.1],\"lines\":[{\"bbox\":[1310.4,1164.1,1324.5,1191.1],\"text\":\"$\"}],\"order\":103,\"text\":\"$\"},{\"bbox\":[1357.0,1165.5,1397.6,1193.4],\"lines\":[{\"bbox\":[1357.0,1165.5,1397.6,1193.4],\"text\":\"276\"}],\"order\":104,\"text\":\"276\"},{\"bbox\":[1451.7,1132.3,1482.9,1159.9],\"lines\":[{\"bbox\":[1451.7,1132.3,1482.9,1159.9],\"text\":\"9%\"}],\"order\":105,\"text\":\"9%\"},{\"bbox\":[1430.8,1167.8,1464.7,1195.4],\"lines\":[{\"bbox\":[1430.8,1167.8,1464.7,1195.4],\"text\":\"NM\"}],\"order\":106,\"text\":\"NM\"},{\"bbox\":[153.4,1166.1,1067.1,1251.3],\"lines\":[{\"bbox\":[154.4,1166.1,348.0,1198.6],\"text\":\"NM Not Meaningful.\"},{\"bbox\":[153.8,1196.3,172.3,1214.2],\"text\":\"(1)\"},{\"bbox\":[197.9,1198.0,1066.1,1251.3],\"text\":\"Adjustments include net realized gains or losses and integration and restructuring charges.\"}],\"order\":107,\"text\":\"NM Not Meaningful.\\n(1)\\nAdjustments include net realized gains or losses and integration and restructuring charges.\"},{\"bbox\":[148.2,1241.1,1459.1,1433.4],\"lines\":[{\"bbox\":[152.0,1241.1,1417.6,1310.0],\"text\":\"Our Advice & Wealth Management segment pretax income was $316 million for the year ended December 31, 2010\"},{\"bbox\":[151.1,1271.7,1458.2,1341.8],\"text\":\"compared to a loss of $33 million in the prior year. Our Advice & Wealth Management segment pretax operating income,\"},{\"bbox\":[150.1,1302.2,1448.9,1372.1],\"text\":\"which excludes net realized gains or losses and integration charges, was $322 million for the year ended December 31,\"},{\"bbox\":[149.2,1332.7,1426.5,1401.9],\"text\":\"2010 compared to $46 million in the prior year driven by higher asset-based fees partially offset by higher distribution\"},{\"bbox\":[148.2,1363.3,1064.2,1421.4],\"text\":\"expenses. Pretax margin for 2010 was 9.5% and operating pretax margin was 9.6%.\"}],\"order\":108,\"text\":\"Our Advice & Wealth Management segment pretax income was $316 million for the year ended December 31, 2010\\ncompared to a loss of $33 million in the prior year. Our Advice & Wealth Management segment pretax operating income,\\nwhich excludes net realized gains or losses and integration charges, was $322 million for the year ended December 31,\\n2010 compared to $46 million in the prior year driven by higher asset-based fees partially offset by higher distribution\\nexpenses. Pretax margin for 2010 was 9.5% and operating pretax margin was 9.6%.\"},{\"bbox\":[146.2,1428.6,311.4,1465.3],\"lines\":[{\"bbox\":[146.2,1428.6,311.4,1465.3],\"text\":\"Net Revenues\"}],\"order\":109,\"text\":\"Net Revenues\"},{\"bbox\":[142.4,1460.5,1426.4,1621.4],\"lines\":[{\"bbox\":[145.3,1460.5,1414.3,1529.4],\"text\":\"Net revenues were $3.3 billion for the year ended December 31, 2010 compared to $2.8 billion in the prior year, an\"},{\"bbox\":[144.3,1491.0,1425.4,1560.3],\"text\":\"increase of $539 million, or 19%. Operating net revenues exclude net realized gains or losses. Operating net revenues\"},{\"bbox\":[143.4,1521.5,1388.8,1589.8],\"text\":\"were $3.3 billion for the year ended December 31, 2010 compared to $2.8 billion in the prior year, an increase of\"},{\"bbox\":[142.4,1552.1,1264.2,1616.5],\"text\":\"$523 million, or 19%, driven by growth in average fee-based assets, as well as increased client activity.\"}],\"order\":110,\"text\":\"Net revenues were $3.3 billion for the year ended December 31, 2010 compared to $2.8 billion in the prior year, an\\nincrease of $539 million, or 19%. Operating net revenues exclude net realized gains or losses. Operating net revenues\\nwere $3.3 billion for the year ended December 31, 2010 compared to $2.8 billion in the prior year, an increase of\\n$523 million, or 19%, driven by growth in average fee-based assets, as well as increased client activity.\"},{\"bbox\":[137.2,1599.3,1466.0,1792.1],\"lines\":[{\"bbox\":[141.0,1599.3,1449.4,1669.4],\"text\":\"Management and financial advice fees increased $282 million, or 26%, to $1.4 billion for the year ended December 31,\"},{\"bbox\":[140.0,1629.8,1398.0,1698.4],\"text\":\"2010 compared to $1.1 billion for the prior year driven by growth in average fee-based assets resulting from market\"},{\"bbox\":[139.1,1660.3,1430.4,1730.0],\"text\":\"appreciation and net inflows in wrap account assets. The daily average S&P 500 Index increased 20% compared to the\"},{\"bbox\":[138.2,1690.9,1463.2,1761.6],\"text\":\"prior year. Wrap account assets increased $16.2 billion, or 20%, to $97.5 billion at December 31, 2010 compared to the\"},{\"bbox\":[137.2,1721.4,718.7,1769.2],\"text\":\"prior year due to market appreciation and net inflows.\"}],\"order\":111,\"text\":\"Management and financial advice fees increased $282 million, or 26%, to $1.4 billion for the year ended December 31,\\n2010 compared to $1.1 billion for the prior year driven by growth in average fee-based assets resulting from market\\nappreciation and net inflows in wrap account assets. The daily average S&P 500 Index increased 20% compared to the\\nprior year. Wrap account assets increased $16.2 billion, or 20%, to $97.5 billion at December 31, 2010 compared to the\\nprior year due to market appreciation and net inflows.\"},{\"bbox\":[177.5,2040.8,204.9,2068.3],\"lines\":[{\"bbox\":[177.5,2040.8,204.9,2068.3],\"text\":\"76\"}],\"order\":112,\"text\":\"76\"}],\"doc\":\"fintabnet:AMP_2011\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"Advice & Wealth Management\\n\\nThe following table presents the changes in wrap account assets for the years ended December 31:\\n\\n2010\\n\\n2009\\n\\nBeginning balance\\nNet flows\\nMarket appreciation and other\\n\\n$\\n\\n(in billions)\\n81.3\\n$ 62.2\\n7.6\\n7.9\\n8.6\\n11.2\\n\\nEnding balance\\n\\n$\\n\\n97.5\\n\\n$\\n\\n81.3\\n\\nWrap account assets increased $16.2 billion, or 20%, to $97.5 billion compared to the prior year due to market\\nappreciation and net inflows.\\n\\nThe following table presents the results of operations of our Advice & Wealth Management segment:\\n\\nYears Ended December 31,\\n\\n2010\\n\\nLess:\\nAdjustments (1)\\n\\nGAAP\\n\\nRevenues\\nManagement and\\nfinancial advice fees\\nDistribution fees\\nNet investment income\\nOther revenues\\n\\n$\\n\\n1,370\\n1,696\\n273\\n71\\n\\n$\\n\\n—\\n—\\n1\\n—\\n\\n2009\\n\\nLess:\\nGAAP\\nAdjustments (1)\\n(in millions)\\n\\nOperating\\n\\n$\\n\\n1,370\\n1,696\\n272\\n71\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n26%\\n14\\n(12)\\n9\\n\\n457\\n\\n15\\n\\n67\\n\\n—\\n\\n67\\n\\n133\\n\\n—\\n\\n133\\n\\n(66)\\n\\n(50)\\n\\nTotal net revenues\\n\\n3,343\\n\\n1\\n\\n3,342\\n\\n2,804\\n\\n(15)\\n\\n2,819\\n\\n523\\n\\n19\\n\\n1,954\\n\\n—\\n\\n1,954\\n\\n1,644\\n\\n—\\n\\n1,644\\n\\n310\\n\\n19\\n\\n1,073\\n\\n7\\n\\n1,066\\n\\n1,193\\n\\n64\\n\\n1,129\\n\\n(63)\\n\\n(6)\\n\\n3,027\\n\\n$\\n\\n316\\n\\n7\\n\\n$\\n\\n(6)\\n\\n3,020\\n\\n$\\n\\n322\\n\\n2,837\\n\\n$\\n\\n(33)\\n\\n2,952\\n\\n282\\n205\\n(36)\\n6\\n\\n1\\n\\nTotal expenses\\n\\n(15)\\n\\n1,088\\n1,491\\n308\\n65\\n\\n3,410\\n\\nPretax income (loss)\\n\\n2,937\\n\\n—\\n—\\n(15)\\n—\\n\\nOperating Change\\n\\nTotal revenues\\nBanking and deposit\\ninterest expense\\n\\nExpenses\\nDistribution expenses\\nGeneral and\\nadministrative\\nexpense\\n\\n3,409\\n\\n1,088\\n1,491\\n293\\n65\\n\\nOperating\\n\\n64\\n\\n$\\n\\n(79)\\n\\n2,773\\n\\n$\\n\\n46\\n\\n247\\n\\n$\\n\\n276\\n\\n9%\\n\\nNM\\n\\nNM Not Meaningful.\\n(1)\\nAdjustments include net realized gains or losses and integration and restructuring charges.\\n\\nOur Advice & Wealth Management segment pretax income was $316 million for the year ended December 31, 2010\\ncompared to a loss of $33 million in the prior year. Our Advice & Wealth Management segment pretax operating income,\\nwhich excludes net realized gains or losses and integration charges, was $322 million for the year ended December 31,\\n2010 compared to $46 million in the prior year driven by higher asset-based fees partially offset by higher distribution\\nexpenses. Pretax margin for 2010 was 9.5% and operating pretax margin was 9.6%.\\n\\nNet Revenues\\n\\nNet revenues were $3.3 billion for the year ended December 31, 2010 compared to $2.8 billion in the prior year, an\\nincrease of $539 million, or 19%. Operating net revenues exclude net realized gains or losses. Operating net revenues\\nwere $3.3 billion for the year ended December 31, 2010 compared to $2.8 billion in the prior year, an increase of\\n$523 million, or 19%, driven by growth in average fee-based assets, as well as increased client activity.\\n\\nManagement and financial advice fees increased $282 million, or 26%, to $1.4 billion for the year ended December 31,\\n2010 compared to $1.1 billion for the prior year driven by growth in average fee-based assets resulting from market\\nappreciation and net inflows in wrap account assets. The daily average S&P 500 Index increased 20% compared to the\\nprior year. Wrap account assets increased $16.2 billion, or 20%, to $97.5 billion at December 31, 2010 compared to the\\nprior year due to market appreciation and net inflows.\\n\\n76\",\"name\":\"fintabnet.AMP_2011_page_91__200dpi_medium\",\"page_id\":\"fintabnet.AMP_2011_page_91\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.76,\"source\":\"fintabnet\",\"source_id\":\"AMP_2011_page_91\",\"stack\":[{\"deg\":-1.76,\"op\":\"skew\"},{\"amp\":0.148,\"angle\":86.8,\"blob\":0.574,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":5.377},{\"op\":\"jpeg\",\"q\":62}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[155.5,515.0,1504.0,1196.1],\"block_orders\":[14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106],\"cells\":null},{\"bbox\":[180.4,169.3,1518.6,386.8],\"block_orders\":[2,3,4,5,6,7,8,9,10,11],\"cells\":null}],\"text\":\"Advice & Wealth Management\\n\\nThe following table presents the changes in wrap account assets for the years ended December 31:\\n\\n2010\\n\\n2009\\n\\nBeginning balance\\nNet flows\\nMarket appreciation and other\\n\\n$\\n\\n(in billions)\\n81.3\\n$ 62.2\\n7.6\\n7.9\\n8.6\\n11.2\\n\\nEnding balance\\n\\n$\\n\\n97.5\\n\\n$\\n\\n81.3\\n\\nWrap account assets increased $16.2 billion, or 20%, to $97.5 billion compared to the prior year due to market\\nappreciation and net inflows.\\n\\nThe following table presents the results of operations of our Advice & Wealth Management segment:\\n\\nYears Ended December 31,\\n\\n2010\\n\\nLess:\\nAdjustments (1)\\n\\nGAAP\\n\\nRevenues\\nManagement and\\nfinancial advice fees\\nDistribution fees\\nNet investment income\\nOther revenues\\n\\n$\\n\\n1,370\\n1,696\\n273\\n71\\n\\n$\\n\\n—\\n—\\n1\\n—\\n\\n2009\\n\\nLess:\\nGAAP\\nAdjustments (1)\\n(in millions)\\n\\nOperating\\n\\n$\\n\\n1,370\\n1,696\\n272\\n71\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n26%\\n14\\n(12)\\n9\\n\\n457\\n\\n15\\n\\n67\\n\\n—\\n\\n67\\n\\n133\\n\\n—\\n\\n133\\n\\n(66)\\n\\n(50)\\n\\nTotal net revenues\\n\\n3,343\\n\\n1\\n\\n3,342\\n\\n2,804\\n\\n(15)\\n\\n2,819\\n\\n523\\n\\n19\\n\\n1,954\\n\\n—\\n\\n1,954\\n\\n1,644\\n\\n—\\n\\n1,644\\n\\n310\\n\\n19\\n\\n1,073\\n\\n7\\n\\n1,066\\n\\n1,193\\n\\n64\\n\\n1,129\\n\\n(63)\\n\\n(6)\\n\\n3,027\\n\\n$\\n\\n316\\n\\n7\\n\\n$\\n\\n(6)\\n\\n3,020\\n\\n$\\n\\n322\\n\\n2,837\\n\\n$\\n\\n(33)\\n\\n2,952\\n\\n282\\n205\\n(36)\\n6\\n\\n1\\n\\nTotal expenses\\n\\n(15)\\n\\n1,088\\n1,491\\n308\\n65\\n\\n3,410\\n\\nPretax income (loss)\\n\\n2,937\\n\\n—\\n—\\n(15)\\n—\\n\\nOperating Change\\n\\nTotal revenues\\nBanking and deposit\\ninterest expense\\n\\nExpenses\\nDistribution expenses\\nGeneral and\\nadministrative\\nexpense\\n\\n3,409\\n\\n1,088\\n1,491\\n293\\n65\\n\\nOperating\\n\\n64\\n\\n$\\n\\n(79)\\n\\n2,773\\n\\n$\\n\\n46\\n\\n247\\n\\n$\\n\\n276\\n\\n9%\\n\\nNM\\n\\nNM Not Meaningful.\\n(1)\\nAdjustments include net realized gains or losses and integration and restructuring charges.\\n\\nOur Advice & Wealth Management segment pretax income was $316 million for the year ended December 31, 2010\\ncompared to a loss of $33 million in the prior year. Our Advice & Wealth Management segment pretax operating income,\\nwhich excludes net realized gains or losses and integration charges, was $322 million for the year ended December 31,\\n2010 compared to $46 million in the prior year driven by higher asset-based fees partially offset by higher distribution\\nexpenses. Pretax margin for 2010 was 9.5% and operating pretax margin was 9.6%.\\n\\nNet Revenues\\n\\nNet revenues were $3.3 billion for the year ended December 31, 2010 compared to $2.8 billion in the prior year, an\\nincrease of $539 million, or 19%. Operating net revenues exclude net realized gains or losses. Operating net revenues\\nwere $3.3 billion for the year ended December 31, 2010 compared to $2.8 billion in the prior year, an increase of\\n$523 million, or 19%, driven by growth in average fee-based assets, as well as increased client activity.\\n\\nManagement and financial advice fees increased $282 million, or 26%, to $1.4 billion for the year ended December 31,\\n2010 compared to $1.1 billion for the prior year driven by growth in average fee-based assets resulting from market\\nappreciation and net inflows in wrap account assets. The daily average S&P 500 Index increased 20% compared to the\\nprior year. Wrap account assets increased $16.2 billion, or 20%, to $97.5 billion at December 31, 2010 compared to the\\nprior year due to market appreciation and net inflows.\\n\\n76\"},\"name\":\"fintabnet.AMP_2011_page_91__200dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":447292,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:AMP_2011\",\"dpi\":200,\"gt_sha256\":\"6e83c37ba4164b469939318a3875187c4ebf2c52d58ffaecc2394724a9a2e04c\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AMP_2011_page_91__200dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.AMP_2011_page_91\",\"pdf_sha256\":\"9ad596c43bf1d672e320a6bbf3b38445f3aa96b03417a544772862c1381d692c\",\"px\":[1650,2150],\"scan\":{\"render\":\"380000003806380000006000600060007d6e7ffc7ffc7ffc7ffc3e0c0003ffff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"AMP_2011_page_91\",\"src\":{\"file_sha256\":\"1cc2b44ffa76f23041e13608b54bd3807068824177229b57621bd81ff93f1351\",\"render\":\"3c003ffc7ffe3ef00ffc60007ffc69487ffe3ffc3fc07ffc7ffc000000000000\",\"text\":\"172b2e34b6bca6e3547c37353c7a6dd4245f0995779a76813861934168486220\"},\"stack\":[{\"deg\":-1.76,\"op\":\"skew\"},{\"amp\":0.148,\"angle\":86.8,\"blob\":0.574,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":5.377},{\"op\":\"jpeg\",\"q\":62}],\"tools\":\"21647cade0ee\"},\"sha256\":\"9ad596c43bf1d672e320a6bbf3b38445f3aa96b03417a544772862c1381d692c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/9ad596c43bf1d672e320a6bbf3b38445f3aa96b03417a544772862c1381d692c.pdf","asset_sha256":"9ad596c43bf1d672e320a6bbf3b38445f3aa96b03417a544772862c1381d692c","document_id":"fintabnet:AMP_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMP_2011_page_91\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMP_2011_page_95\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AMP_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[79.2,45.3,147.9,64.7],\"lines\":[{\"bbox\":[79.2,45.3,147.9,64.7],\"text\":\"Annuities\"}],\"order\":0,\"text\":\"Annuities\"},{\"bbox\":[79.2,64.2,507.4,79.2],\"lines\":[{\"bbox\":[79.2,64.2,507.4,79.2],\"text\":\"The following table presents the results of operations of our Annuities segment:\"}],\"order\":1,\"text\":\"The following table presents the results of operations of our Annuities segment:\"},{\"bbox\":[395.7,94.7,526.7,108.0],\"lines\":[{\"bbox\":[395.7,94.7,526.7,108.0],\"text\":\"Years Ended December 31,\"}],\"order\":2,\"text\":\"Years Ended December 31,\"},{\"bbox\":[351.9,112.7,378.4,126.1],\"lines\":[{\"bbox\":[351.9,112.7,378.4,126.1],\"text\":\"2010\"}],\"order\":3,\"text\":\"2010\"},{\"bbox\":[284.2,143.3,310.0,156.6],\"lines\":[{\"bbox\":[284.2,143.3,310.0,156.6],\"text\":\"GAAP\"}],\"order\":4,\"text\":\"GAAP\"},{\"bbox\":[331.2,130.8,398.6,156.6],\"lines\":[{\"bbox\":[352.7,130.8,377.1,144.1],\"text\":\"Less:\"},{\"bbox\":[331.2,143.2,398.6,156.6],\"text\":\"Adjustments (1)\"}],\"order\":5,\"text\":\"Less:\\nAdjustments (1)\"},{\"bbox\":[544.0,112.7,570.5,126.1],\"lines\":[{\"bbox\":[544.0,112.7,570.5,126.1],\"text\":\"2009\"}],\"order\":6,\"text\":\"2009\"},{\"bbox\":[410.3,143.3,455.6,156.6],\"lines\":[{\"bbox\":[410.3,143.3,455.6,156.6],\"text\":\"Operating\"}],\"order\":7,\"text\":\"Operating\"},{\"bbox\":[476.2,143.3,502.1,156.6],\"lines\":[{\"bbox\":[476.2,143.3,502.1,156.6],\"text\":\"GAAP\"}],\"order\":8,\"text\":\"GAAP\"},{\"bbox\":[523.3,130.8,590.7,156.6],\"lines\":[{\"bbox\":[544.8,130.8,569.2,144.1],\"text\":\"Less:\"},{\"bbox\":[523.3,143.2,590.7,156.6],\"text\":\"Adjustments (1)\"}],\"order\":9,\"text\":\"Less:\\nAdjustments (1)\"},{\"bbox\":[602.4,143.3,647.8,156.6],\"lines\":[{\"bbox\":[602.4,143.3,647.8,156.6],\"text\":\"Operating\"}],\"order\":10,\"text\":\"Operating\"},{\"bbox\":[659.9,143.3,744.8,156.6],\"lines\":[{\"bbox\":[659.9,143.3,744.8,156.6],\"text\":\"Operating Change\"}],\"order\":11,\"text\":\"Operating 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expenses\"},{\"bbox\":[79.2,341.9,242.1,355.2],\"text\":\"Interest credited to fixed accounts\"},{\"bbox\":[79.2,354.4,213.1,367.7],\"text\":\"Benefits, claims, losses and\"},{\"bbox\":[90.3,366.9,188.3,380.2],\"text\":\"settlement expenses\"},{\"bbox\":[79.2,379.4,247.8,392.7],\"text\":\"Amortization of deferred acquisition\"},{\"bbox\":[90.3,391.9,115.0,405.2],\"text\":\"costs\"},{\"bbox\":[79.2,404.4,203.9,417.7],\"text\":\"Interest and debt expense\"},{\"bbox\":[79.2,416.9,249.4,430.2],\"text\":\"General and administrative expense\"}],\"order\":75,\"text\":\"Expenses\\nDistribution expenses\\nInterest credited to fixed accounts\\nBenefits, claims, losses and\\nsettlement expenses\\nAmortization of deferred acquisition\\ncosts\\nInterest and debt expense\\nGeneral and administrative expense\"},{\"bbox\":[79.2,435.0,148.6,448.3],\"lines\":[{\"bbox\":[79.2,435.0,148.6,448.3],\"text\":\"Total expenses\"}],\"order\":76,\"text\":\"Total expenses\"},{\"bbox\":[79.2,453.0,146.8,466.4],\"lines\":[{\"bbox\":[79.2,453.0,146.8,466.4],\"text\":\"Pretax income\"}],\"order\":77,\"text\":\"Pretax income\"},{\"bbox\":[274.6,453.0,281.3,466.4],\"lines\":[{\"bbox\":[274.6,453.0,281.3,466.4],\"text\":\"$\"}],\"order\":78,\"text\":\"$\"},{\"bbox\":[289.6,435.0,319.5,448.3],\"lines\":[{\"bbox\":[289.6,435.0,319.5,448.3],\"text\":\"1,852\"}],\"order\":79,\"text\":\"1,852\"},{\"bbox\":[367.5,435.0,380.8,448.3],\"lines\":[{\"bbox\":[367.5,435.0,380.8,448.3],\"text\":\"25\"}],\"order\":80,\"text\":\"25\"},{\"bbox\":[299.6,453.0,319.5,466.4],\"lines\":[{\"bbox\":[299.6,453.0,319.5,466.4],\"text\":\"648\"}],\"order\":81,\"text\":\"648\"},{\"bbox\":[348.9,453.0,384.4,466.4],\"lines\":[{\"bbox\":[348.9,453.0,384.4,466.4],\"text\":\"$ (16)\"}],\"order\":82,\"text\":\"$ (16)\"},{\"bbox\":[425.5,435.0,455.4,448.3],\"lines\":[{\"bbox\":[425.5,435.0,455.4,448.3],\"text\":\"1,827\"}],\"order\":83,\"text\":\"1,827\"},{\"bbox\":[410.6,453.0,417.2,466.4],\"lines\":[{\"bbox\":[410.6,453.0,417.2,466.4],\"text\":\"$\"}],\"order\":84,\"text\":\"$\"},{\"bbox\":[435.5,453.0,455.4,466.4],\"lines\":[{\"bbox\":[435.5,453.0,455.4,466.4],\"text\":\"664\"}],\"order\":85,\"text\":\"664\"},{\"bbox\":[481.7,435.0,511.6,448.3],\"lines\":[{\"bbox\":[481.7,435.0,511.6,448.3],\"text\":\"1,617\"}],\"order\":86,\"text\":\"1,617\"},{\"bbox\":[466.7,453.0,473.4,466.4],\"lines\":[{\"bbox\":[466.7,453.0,473.4,466.4],\"text\":\"$\"}],\"order\":87,\"text\":\"$\"},{\"bbox\":[491.7,453.0,511.6,466.4],\"lines\":[{\"bbox\":[491.7,453.0,511.6,466.4],\"text\":\"648\"}],\"order\":88,\"text\":\"648\"},{\"bbox\":[561.2,435.0,574.4,448.3],\"lines\":[{\"bbox\":[561.2,435.0,574.4,448.3],\"text\":\"61\"}],\"order\":89,\"text\":\"61\"},{\"bbox\":[539.5,453.0,546.1,466.4],\"lines\":[{\"bbox\":[539.5,453.0,546.1,466.4],\"text\":\"$\"}],\"order\":90,\"text\":\"$\"},{\"bbox\":[557.5,453.0,578.0,466.4],\"lines\":[{\"bbox\":[557.5,453.0,578.0,466.4],\"text\":\"(17)\"}],\"order\":91,\"text\":\"(17)\"},{\"bbox\":[617.6,435.0,647.5,448.3],\"lines\":[{\"bbox\":[617.6,435.0,647.5,448.3],\"text\":\"1,556\"}],\"order\":92,\"text\":\"1,556\"},{\"bbox\":[602.6,453.0,609.3,466.4],\"lines\":[{\"bbox\":[602.6,453.0,609.3,466.4],\"text\":\"$\"}],\"order\":93,\"text\":\"$\"},{\"bbox\":[627.6,453.0,647.5,466.4],\"lines\":[{\"bbox\":[627.6,453.0,647.5,466.4],\"text\":\"665\"}],\"order\":94,\"text\":\"665\"},{\"bbox\":[658.8,453.0,665.5,466.4],\"lines\":[{\"bbox\":[658.8,453.0,665.5,466.4],\"text\":\"$\"}],\"order\":95,\"text\":\"$\"},{\"bbox\":[79.2,471.8,732.6,512.9],\"lines\":[{\"bbox\":[79.2,471.8,175.6,485.1],\"text\":\"NM Not Meaningful.\"},{\"bbox\":[79.2,486.9,88.2,495.6],\"text\":\"(1)\"},{\"bbox\":[101.4,487.0,732.6,500.4],\"text\":\"Adjustments include net realized gains or losses and the market impact on variable annuity living benefits, net of hedges, DSIC and\"},{\"bbox\":[101.4,499.5,186.7,512.9],\"text\":\"DAC amortization.\"}],\"order\":96,\"text\":\"NM Not Meaningful.\\n(1)\\nAdjustments include net realized gains or losses and the market impact on variable annuity living benefits, net of hedges, DSIC and\\nDAC amortization.\"},{\"bbox\":[79.2,521.8,738.8,582.6],\"lines\":[{\"bbox\":[79.2,521.8,738.8,536.8],\"text\":\"Our Annuities segment pretax income was $648 million for both 2010 and 2009. Our Annuities segment pretax operating\"},{\"bbox\":[79.2,537.1,735.9,552.1],\"text\":\"income, which excludes net realized gains or losses and the market impact on variable annuity guaranteed living benefits,\"},{\"bbox\":[79.2,552.4,738.0,567.4],\"text\":\"net of hedges, DSIC and DAC amortization, decreased $1 million to $664 million for the year ended December 31, 2010\"},{\"bbox\":[79.2,567.6,312.8,582.6],\"text\":\"compared to $665 million in the prior year.\"}],\"order\":97,\"text\":\"Our Annuities segment pretax income was $648 million for both 2010 and 2009. Our Annuities segment pretax operating\\nincome, which excludes net realized gains or losses and the market impact on variable annuity guaranteed living benefits,\\nnet of hedges, DSIC and DAC amortization, decreased $1 million to $664 million for the year ended December 31, 2010\\ncompared to $665 million in the prior year.\"},{\"bbox\":[79.2,600.3,161.3,616.1],\"lines\":[{\"bbox\":[79.2,600.3,161.3,616.1],\"text\":\"Net Revenues\"}],\"order\":98,\"text\":\"Net Revenues\"},{\"bbox\":[79.2,616.3,736.4,692.4],\"lines\":[{\"bbox\":[79.2,616.3,703.0,631.3],\"text\":\"Net revenues increased $235 million, or 10%, to $2.5 billion for the year ended December 31, 2010 compared to\"},{\"bbox\":[79.2,631.5,736.4,646.5],\"text\":\"$2.3 billion for the prior year. Operating net revenues, which exclude net realized gains or losses, increased $270 million,\"},{\"bbox\":[79.2,646.8,708.3,661.8],\"text\":\"or 12%, to $2.5 billion for the year ended December 31, 2010 compared to $2.2 billion for the prior year reflecting\"},{\"bbox\":[79.2,662.1,730.3,677.1],\"text\":\"increased management fees from higher separate account balances, increased premiums from immediate annuities with\"},{\"bbox\":[79.2,677.4,443.9,692.4],\"text\":\"life contingencies and higher fees from variable annuity guarantees.\"}],\"order\":99,\"text\":\"Net revenues increased $235 million, or 10%, to $2.5 billion for the year ended December 31, 2010 compared to\\n$2.3 billion for the prior year. Operating net revenues, which exclude net realized gains or losses, increased $270 million,\\nor 12%, to $2.5 billion for the year ended December 31, 2010 compared to $2.2 billion for the prior year reflecting\\nincreased management fees from higher separate account balances, increased premiums from immediate annuities with\\nlife contingencies and higher fees from variable annuity guarantees.\"},{\"bbox\":[79.2,701.0,740.7,792.3],\"lines\":[{\"bbox\":[79.2,701.0,740.7,716.0],\"text\":\"Management and financial advice fees increased $108 million, or 25%, to $546 million for the year ended December 31,\"},{\"bbox\":[79.2,716.2,707.1,731.2],\"text\":\"2010 compared to $438 million for the prior year due to higher fees on variable annuities driven by higher separate\"},{\"bbox\":[79.2,731.5,740.6,746.5],\"text\":\"account balances. Average variable annuities contract accumulation values increased $10.3 billion, or 25%, from the prior\"},{\"bbox\":[79.2,746.8,732.9,761.8],\"text\":\"year due to higher equity market levels and net inflows. Variable annuity net inflows during 2010 were $1.2 billion driven\"},{\"bbox\":[79.2,762.1,708.3,777.1],\"text\":\"by our introduction in the third quarter of a new variable annuity in the Ameriprise channel, RAVA 5, and an updated\"},{\"bbox\":[79.2,777.4,556.8,792.3],\"text\":\"guaranteed minimum withdrawal benefit rider in the Ameriprise and third-party channels.\"}],\"order\":100,\"text\":\"Management and financial advice fees increased $108 million, or 25%, to $546 million for the year ended December 31,\\n2010 compared to $438 million for the prior year due to higher fees on variable annuities driven by higher separate\\naccount balances. Average variable annuities contract accumulation values increased $10.3 billion, or 25%, from the prior\\nyear due to higher equity market levels and net inflows. Variable annuity net inflows during 2010 were $1.2 billion driven\\nby our introduction in the third quarter of a new variable annuity in the Ameriprise channel, RAVA 5, and an updated\\nguaranteed minimum withdrawal benefit rider in the Ameriprise and third-party channels.\"},{\"bbox\":[79.2,801.0,719.0,846.5],\"lines\":[{\"bbox\":[79.2,801.0,719.0,816.0],\"text\":\"Distribution fees increased $37 million, or 15%, to $284 million for the year ended December 31, 2010 compared to\"},{\"bbox\":[79.2,816.2,696.4,831.2],\"text\":\"$247 million for the prior year primarily due to higher fees on variable annuities driven by higher separate account\"},{\"bbox\":[79.2,831.5,130.2,846.5],\"text\":\"balances.\"}],\"order\":101,\"text\":\"Distribution fees increased $37 million, or 15%, to $284 million for the year ended December 31, 2010 compared to\\n$247 million for the prior year primarily due to higher fees on variable annuities driven by higher separate account\\nbalances.\"},{\"bbox\":[79.2,855.1,738.8,961.8],\"lines\":[{\"bbox\":[79.2,855.1,702.5,870.1],\"text\":\"Net investment income decreased $5 million to $1.3 billion for the year ended December 31, 2010. Operating net\"},{\"bbox\":[79.2,870.4,735.6,885.4],\"text\":\"investment income, which excludes net realized gains or losses, increased $30 million, or 2%, to $1.3 billion for the year\"},{\"bbox\":[79.2,885.7,702.3,900.7],\"text\":\"ended December 31, 2010, primarily driven by higher fixed annuity account balances and higher investment yields,\"},{\"bbox\":[79.2,900.9,719.1,916.0],\"text\":\"partially offset by the negative impact of the implementation of changes to the Portfolio Navigator program. With these\"},{\"bbox\":[79.2,916.2,738.8,931.2],\"text\":\"changes, assets of clients participating in the Portfolio Navigator program were reallocated, pursuant to their consent. This\"},{\"bbox\":[79.2,931.5,715.8,946.5],\"text\":\"reallocation in part resulted in a shift of assets from interest bearing investments in the general account into separate\"},{\"bbox\":[79.2,946.8,131.0,961.8],\"text\":\"accounts.\"}],\"order\":102,\"text\":\"Net investment income decreased $5 million to $1.3 billion for the year ended December 31, 2010. Operating net\\ninvestment income, which excludes net realized gains or losses, increased $30 million, or 2%, to $1.3 billion for the year\\nended December 31, 2010, primarily driven by higher fixed annuity account balances and higher investment yields,\\npartially offset by the negative impact of the implementation of changes to the Portfolio Navigator program. With these\\nchanges, assets of clients participating in the Portfolio Navigator program were reallocated, pursuant to their consent. This\\nreallocation in part resulted in a shift of assets from interest bearing investments in the general account into separate\\naccounts.\"},{\"bbox\":[104.2,1030.1,117.4,1043.4],\"lines\":[{\"bbox\":[104.2,1030.1,117.4,1043.4],\"text\":\"80\"}],\"order\":103,\"text\":\"80\"}],\"doc\":\"fintabnet:AMP_2011\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"Annuities\\n\\nThe following table presents the results of operations of our Annuities segment:\\n\\nYears Ended December 31,\\n\\n2010\\n\\nGAAP\\n\\nLess:\\nAdjustments (1)\\n\\n2009\\n\\nOperating\\n\\nGAAP\\n\\nLess:\\nAdjustments (1)\\n\\nOperating\\n\\nOperating Change\\n\\n$\\n\\n$\\n\\n(in millions)\\n\\nRevenues\\nManagement and financial advice\\nfees\\nDistribution fees\\nNet investment income\\nPremiums\\nOther revenues\\n\\n$\\n\\n546\\n284\\n1,318\\n150\\n202\\n\\n$\\n\\n—\\n—\\n9\\n—\\n—\\n\\n$\\n\\n546\\n284\\n1,309\\n150\\n202\\n\\n$\\n\\n438\\n247\\n1,323\\n104\\n153\\n\\n$\\n\\n—\\n—\\n44\\n—\\n—\\n\\n438\\n247\\n1,279\\n104\\n153\\n\\n108\\n37\\n30\\n46\\n49\\n\\n25%\\n15\\n2\\n44\\n32\\n\\nTotal revenues\\nBanking and deposit interest expense\\n\\n2,500\\n—\\n\\n9\\n—\\n\\n2,491\\n—\\n\\n2,265\\n—\\n\\n44\\n—\\n\\n2,221\\n—\\n\\n270\\n—\\n\\n12\\n—\\n\\nTotal net revenues\\n\\n2,500\\n\\n9\\n\\n2,491\\n\\n2,265\\n\\n44\\n\\n2,221\\n\\n270\\n\\n12\\n\\n268\\n762\\n\\n—\\n—\\n\\n268\\n762\\n\\n211\\n759\\n\\n—\\n—\\n\\n211\\n759\\n\\n57\\n3\\n\\n27\\n—\\n\\n691\\n\\n9\\n\\n682\\n\\n418\\n\\n154\\n\\n264\\n\\n418\\n\\nNM\\n\\n(76)\\n2\\n205\\n\\n16\\n—\\n—\\n\\n(92)\\n2\\n205\\n\\n37\\n—\\n192\\n\\n(93)\\n—\\n—\\n\\n130\\n—\\n192\\n\\n(222)\\n2\\n13\\n\\nNM\\nNM\\n7\\n\\n271\\n\\n17%\\n\\n(1)\\n\\n—\\n\\nExpenses\\nDistribution expenses\\nInterest credited to fixed accounts\\nBenefits, claims, losses and\\nsettlement expenses\\nAmortization of deferred acquisition\\ncosts\\nInterest and debt expense\\nGeneral and administrative expense\\n\\nTotal expenses\\n\\nPretax income\\n\\n$\\n\\n1,852\\n\\n25\\n\\n648\\n\\n$ (16)\\n\\n1,827\\n\\n$\\n\\n664\\n\\n1,617\\n\\n$\\n\\n648\\n\\n61\\n\\n$\\n\\n(17)\\n\\n1,556\\n\\n$\\n\\n665\\n\\n$\\n\\nNM Not Meaningful.\\n(1)\\nAdjustments include net realized gains or losses and the market impact on variable annuity living benefits, net of hedges, DSIC and\\nDAC amortization.\\n\\nOur Annuities segment pretax income was $648 million for both 2010 and 2009. Our Annuities segment pretax operating\\nincome, which excludes net realized gains or losses and the market impact on variable annuity guaranteed living benefits,\\nnet of hedges, DSIC and DAC amortization, decreased $1 million to $664 million for the year ended December 31, 2010\\ncompared to $665 million in the prior year.\\n\\nNet Revenues\\n\\nNet revenues increased $235 million, or 10%, to $2.5 billion for the year ended December 31, 2010 compared to\\n$2.3 billion for the prior year. Operating net revenues, which exclude net realized gains or losses, increased $270 million,\\nor 12%, to $2.5 billion for the year ended December 31, 2010 compared to $2.2 billion for the prior year reflecting\\nincreased management fees from higher separate account balances, increased premiums from immediate annuities with\\nlife contingencies and higher fees from variable annuity guarantees.\\n\\nManagement and financial advice fees increased $108 million, or 25%, to $546 million for the year ended December 31,\\n2010 compared to $438 million for the prior year due to higher fees on variable annuities driven by higher separate\\naccount balances. Average variable annuities contract accumulation values increased $10.3 billion, or 25%, from the prior\\nyear due to higher equity market levels and net inflows. Variable annuity net inflows during 2010 were $1.2 billion driven\\nby our introduction in the third quarter of a new variable annuity in the Ameriprise channel, RAVA 5, and an updated\\nguaranteed minimum withdrawal benefit rider in the Ameriprise and third-party channels.\\n\\nDistribution fees increased $37 million, or 15%, to $284 million for the year ended December 31, 2010 compared to\\n$247 million for the prior year primarily due to higher fees on variable annuities driven by higher separate account\\nbalances.\\n\\nNet investment income decreased $5 million to $1.3 billion for the year ended December 31, 2010. Operating net\\ninvestment income, which excludes net realized gains or losses, increased $30 million, or 2%, to $1.3 billion for the year\\nended December 31, 2010, primarily driven by higher fixed annuity account balances and higher investment yields,\\npartially offset by the negative impact of the implementation of changes to the Portfolio Navigator program. With these\\nchanges, assets of clients participating in the Portfolio Navigator program were reallocated, pursuant to their consent. This\\nreallocation in part resulted in a shift of assets from interest bearing investments in the general account into separate\\naccounts.\\n\\n80\",\"name\":\"fintabnet.AMP_2011_page_95__100dpi_none\",\"page_id\":\"fintabnet.AMP_2011_page_95\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"AMP_2011_page_95\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[79.2,94.7,744.8,466.4],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95],\"cells\":null}],\"text\":\"Annuities\\n\\nThe following table presents the results of operations of our Annuities segment:\\n\\nYears Ended December 31,\\n\\n2010\\n\\nGAAP\\n\\nLess:\\nAdjustments (1)\\n\\n2009\\n\\nOperating\\n\\nGAAP\\n\\nLess:\\nAdjustments (1)\\n\\nOperating\\n\\nOperating Change\\n\\n$\\n\\n$\\n\\n(in millions)\\n\\nRevenues\\nManagement and financial advice\\nfees\\nDistribution fees\\nNet investment income\\nPremiums\\nOther revenues\\n\\n$\\n\\n546\\n284\\n1,318\\n150\\n202\\n\\n$\\n\\n—\\n—\\n9\\n—\\n—\\n\\n$\\n\\n546\\n284\\n1,309\\n150\\n202\\n\\n$\\n\\n438\\n247\\n1,323\\n104\\n153\\n\\n$\\n\\n—\\n—\\n44\\n—\\n—\\n\\n438\\n247\\n1,279\\n104\\n153\\n\\n108\\n37\\n30\\n46\\n49\\n\\n25%\\n15\\n2\\n44\\n32\\n\\nTotal revenues\\nBanking and deposit interest expense\\n\\n2,500\\n—\\n\\n9\\n—\\n\\n2,491\\n—\\n\\n2,265\\n—\\n\\n44\\n—\\n\\n2,221\\n—\\n\\n270\\n—\\n\\n12\\n—\\n\\nTotal net revenues\\n\\n2,500\\n\\n9\\n\\n2,491\\n\\n2,265\\n\\n44\\n\\n2,221\\n\\n270\\n\\n12\\n\\n268\\n762\\n\\n—\\n—\\n\\n268\\n762\\n\\n211\\n759\\n\\n—\\n—\\n\\n211\\n759\\n\\n57\\n3\\n\\n27\\n—\\n\\n691\\n\\n9\\n\\n682\\n\\n418\\n\\n154\\n\\n264\\n\\n418\\n\\nNM\\n\\n(76)\\n2\\n205\\n\\n16\\n—\\n—\\n\\n(92)\\n2\\n205\\n\\n37\\n—\\n192\\n\\n(93)\\n—\\n—\\n\\n130\\n—\\n192\\n\\n(222)\\n2\\n13\\n\\nNM\\nNM\\n7\\n\\n271\\n\\n17%\\n\\n(1)\\n\\n—\\n\\nExpenses\\nDistribution expenses\\nInterest credited to fixed accounts\\nBenefits, claims, losses and\\nsettlement expenses\\nAmortization of deferred acquisition\\ncosts\\nInterest and debt expense\\nGeneral and administrative expense\\n\\nTotal expenses\\n\\nPretax income\\n\\n$\\n\\n1,852\\n\\n25\\n\\n648\\n\\n$ (16)\\n\\n1,827\\n\\n$\\n\\n664\\n\\n1,617\\n\\n$\\n\\n648\\n\\n61\\n\\n$\\n\\n(17)\\n\\n1,556\\n\\n$\\n\\n665\\n\\n$\\n\\nNM Not Meaningful.\\n(1)\\nAdjustments include net realized gains or losses and the market impact on variable annuity living benefits, net of hedges, DSIC and\\nDAC amortization.\\n\\nOur Annuities segment pretax income was $648 million for both 2010 and 2009. Our Annuities segment pretax operating\\nincome, which excludes net realized gains or losses and the market impact on variable annuity guaranteed living benefits,\\nnet of hedges, DSIC and DAC amortization, decreased $1 million to $664 million for the year ended December 31, 2010\\ncompared to $665 million in the prior year.\\n\\nNet Revenues\\n\\nNet revenues increased $235 million, or 10%, to $2.5 billion for the year ended December 31, 2010 compared to\\n$2.3 billion for the prior year. Operating net revenues, which exclude net realized gains or losses, increased $270 million,\\nor 12%, to $2.5 billion for the year ended December 31, 2010 compared to $2.2 billion for the prior year reflecting\\nincreased management fees from higher separate account balances, increased premiums from immediate annuities with\\nlife contingencies and higher fees from variable annuity guarantees.\\n\\nManagement and financial advice fees increased $108 million, or 25%, to $546 million for the year ended December 31,\\n2010 compared to $438 million for the prior year due to higher fees on variable annuities driven by higher separate\\naccount balances. Average variable annuities contract accumulation values increased $10.3 billion, or 25%, from the prior\\nyear due to higher equity market levels and net inflows. Variable annuity net inflows during 2010 were $1.2 billion driven\\nby our introduction in the third quarter of a new variable annuity in the Ameriprise channel, RAVA 5, and an updated\\nguaranteed minimum withdrawal benefit rider in the Ameriprise and third-party channels.\\n\\nDistribution fees increased $37 million, or 15%, to $284 million for the year ended December 31, 2010 compared to\\n$247 million for the prior year primarily due to higher fees on variable annuities driven by higher separate account\\nbalances.\\n\\nNet investment income decreased $5 million to $1.3 billion for the year ended December 31, 2010. Operating net\\ninvestment income, which excludes net realized gains or losses, increased $30 million, or 2%, to $1.3 billion for the year\\nended December 31, 2010, primarily driven by higher fixed annuity account balances and higher investment yields,\\npartially offset by the negative impact of the implementation of changes to the Portfolio Navigator program. With these\\nchanges, assets of clients participating in the Portfolio Navigator program were reallocated, pursuant to their consent. 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Condensed Financial Information of Registrant.\"},{\"bbox\":[507.6,741.2,519.0,748.4],\"lines\":[{\"bbox\":[507.6,741.2,519.0,748.4],\"text\":\"F-3\"}],\"order\":54,\"text\":\"F-3\"}],\"doc\":\"fintabnet:AMP_2016\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"Schedule I — Condensed Financial Information of Registrant\\nCondensed Statements of Operations\\n\\n(Parent Company Only)\\n\\n|  | Years Ended December 31, |  |  |\\n| --- | --- | --- | --- |\\n|  | 2016 | 2015 | 2014 |\\n|  | (in millions) |  |  |\\n| Revenues |  |  |  |\\n| Management and financial advice fees | $(1) | $(1) | $— |\\n| Net investment income | 14 | 2 | 30 |\\n| Other revenues | 9 | 14 | 11 |\\n| Total revenues | 22 | 15 | 41 |\\n| Banking and deposit interest expense | 1 | — | — |\\n| Total net revenues | 21 | 15 | 41 |\\n| Expenses |  |  |  |\\n| Benefits, claims, losses and settlement expenses | 41 | 13 | 11 |\\n| Interest and debt expense | 113 | 124 | 118 |\\n| General and administrative 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Registrant.\\n\\nF-3\",\"name\":\"fintabnet.AMP_2016_page_197__72dpi_none\",\"page_id\":\"fintabnet.AMP_2016_page_197\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"AMP_2016_page_197\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[57.0,91.2,537.8,352.9],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52],\"cells\":[{\"bbox\":[411.3,92.9,512.7,100.9],\"c0\":1,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\"Years Ended December 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income\"},{\"bbox\":[417.6,146.9,427.2,154.9],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"14\"},{\"bbox\":[476.4,146.9,481.2,154.9],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"2\"},{\"bbox\":[525.6,146.9,535.1,154.9],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"30\"},{\"bbox\":[65.0,155.9,117.0,163.9],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Other revenues\"},{\"bbox\":[422.4,155.9,427.2,163.9],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"9\"},{\"bbox\":[471.6,155.9,481.2,163.9],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"14\"},{\"bbox\":[525.6,155.9,535.2,163.9],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"11\"},{\"bbox\":[73.0,168.9,122.0,176.9],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Total revenues\"},{\"bbox\":[417.6,168.9,427.2,176.9],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"22\"},{\"bbox\":[471.6,168.9,481.2,176.9],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"15\"},{\"bbox\":[525.6,168.9,535.2,176.9],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"41\"},{\"bbox\":[65.0,177.9,194.2,185.9],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Banking and deposit interest expense\"},{\"bbox\":[422.4,177.9,427.2,185.9],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"1\"},{\"bbox\":[473.1,177.9,481.1,185.9],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"—\"},{\"bbox\":[527.1,177.9,535.1,185.9],\"c0\":3,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"—\"},{\"bbox\":[73.0,190.9,135.8,198.9],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Total net revenues\"},{\"bbox\":[417.6,190.9,427.2,198.9],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"21\"},{\"bbox\":[471.6,190.9,481.2,198.9],\"c0\":2,\"c1\":2,\"r0\":9,\"r1\":9,\"text\":\"15\"},{\"bbox\":[525.6,190.9,535.2,198.9],\"c0\":3,\"c1\":3,\"r0\":9,\"r1\":9,\"text\":\"41\"},{\"bbox\":[57.0,203.9,92.3,211.9],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Expenses\"},{\"bbox\":[65.0,212.9,234.8,220.9],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"Benefits, claims, losses and settlement expenses\"},{\"bbox\":[417.6,212.9,427.2,220.9],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"41\"},{\"bbox\":[471.6,212.9,481.2,220.9],\"c0\":2,\"c1\":2,\"r0\":11,\"r1\":11,\"text\":\"13\"},{\"bbox\":[525.6,212.9,535.2,220.9],\"c0\":3,\"c1\":3,\"r0\":11,\"r1\":11,\"text\":\"11\"},{\"bbox\":[65.0,221.9,154.8,229.9],\"c0\":0,\"c1\":0,\"r0\":12,\"r1\":12,\"text\":\"Interest and debt expense\"},{\"bbox\":[412.8,221.9,427.2,229.9],\"c0\":1,\"c1\":1,\"r0\":12,\"r1\":12,\"text\":\"113\"},{\"bbox\":[466.8,221.9,481.2,229.9],\"c0\":2,\"c1\":2,\"r0\":12,\"r1\":12,\"text\":\"124\"},{\"bbox\":[520.8,221.9,535.2,229.9],\"c0\":3,\"c1\":3,\"r0\":12,\"r1\":12,\"text\":\"118\"},{\"bbox\":[65.0,230.9,187.6,238.9],\"c0\":0,\"c1\":0,\"r0\":13,\"r1\":13,\"text\":\"General and administrative expense\"},{\"bbox\":[412.8,230.9,427.2,238.9],\"c0\":1,\"c1\":1,\"r0\":13,\"r1\":13,\"text\":\"192\"},{\"bbox\":[466.8,230.9,481.2,238.9],\"c0\":2,\"c1\":2,\"r0\":13,\"r1\":13,\"text\":\"193\"},{\"bbox\":[520.8,230.9,535.2,238.9],\"c0\":3,\"c1\":3,\"r0\":13,\"r1\":13,\"text\":\"195\"},{\"bbox\":[73.0,243.9,123.0,251.9],\"c0\":0,\"c1\":0,\"r0\":14,\"r1\":14,\"text\":\"Total expenses\"},{\"bbox\":[412.8,243.9,427.2,251.9],\"c0\":1,\"c1\":1,\"r0\":14,\"r1\":14,\"text\":\"346\"},{\"bbox\":[466.8,243.9,481.2,251.9],\"c0\":2,\"c1\":2,\"r0\":14,\"r1\":14,\"text\":\"330\"},{\"bbox\":[520.8,243.9,535.2,251.9],\"c0\":3,\"c1\":3,\"r0\":14,\"r1\":14,\"text\":\"324\"},{\"bbox\":[57.0,256.9,233.7,264.9],\"c0\":0,\"c1\":0,\"r0\":15,\"r1\":15,\"text\":\"Pretax loss before equity in earnings of subsidiaries\"},{\"bbox\":[410.2,256.9,429.7,264.9],\"c0\":1,\"c1\":1,\"r0\":15,\"r1\":15,\"text\":\"(325)\"},{\"bbox\":[464.2,256.9,483.8,264.9],\"c0\":2,\"c1\":2,\"r0\":15,\"r1\":15,\"text\":\"(315)\"},{\"bbox\":[518.2,256.9,537.8,264.9],\"c0\":3,\"c1\":3,\"r0\":15,\"r1\":15,\"text\":\"(283)\"},{\"bbox\":[57.0,265.9,120.9,273.9],\"c0\":0,\"c1\":0,\"r0\":16,\"r1\":16,\"text\":\"Income tax benefit\"},{\"bbox\":[410.2,265.9,429.8,273.9],\"c0\":1,\"c1\":1,\"r0\":16,\"r1\":16,\"text\":\"(146)\"},{\"bbox\":[464.2,265.9,483.8,273.9],\"c0\":2,\"c1\":2,\"r0\":16,\"r1\":16,\"text\":\"(123)\"},{\"bbox\":[523.0,265.9,537.8,273.9],\"c0\":3,\"c1\":3,\"r0\":16,\"r1\":16,\"text\":\"(88)\"},{\"bbox\":[57.0,278.9,211.8,286.9],\"c0\":0,\"c1\":0,\"r0\":17,\"r1\":17,\"text\":\"Loss before equity in earnings of subsidiaries\"},{\"bbox\":[410.2,278.9,429.7,286.9],\"c0\":1,\"c1\":1,\"r0\":17,\"r1\":17,\"text\":\"(179)\"},{\"bbox\":[464.2,278.9,483.8,286.9],\"c0\":2,\"c1\":2,\"r0\":17,\"r1\":17,\"text\":\"(192)\"},{\"bbox\":[518.2,278.9,537.8,286.9],\"c0\":3,\"c1\":3,\"r0\":17,\"r1\":17,\"text\":\"(195)\"},{\"bbox\":[57.0,287.9,288.5,295.9],\"c0\":0,\"c1\":0,\"r0\":18,\"r1\":18,\"text\":\"Equity in earnings of subsidiaries excluding discontinued operations\"},{\"bbox\":[405.7,287.9,427.2,295.9],\"c0\":1,\"c1\":1,\"r0\":18,\"r1\":18,\"text\":\"1,493\"},{\"bbox\":[459.7,287.9,481.2,295.9],\"c0\":2,\"c1\":2,\"r0\":18,\"r1\":18,\"text\":\"1,754\"},{\"bbox\":[513.7,287.9,535.2,295.9],\"c0\":3,\"c1\":3,\"r0\":18,\"r1\":18,\"text\":\"1,816\"},{\"bbox\":[57.0,300.9,191.4,308.9],\"c0\":0,\"c1\":0,\"r0\":19,\"r1\":19,\"text\":\"Net income from continuing operations\"},{\"bbox\":[405.7,300.9,427.2,308.9],\"c0\":1,\"c1\":1,\"r0\":19,\"r1\":19,\"text\":\"1,314\"},{\"bbox\":[459.7,300.9,481.2,308.9],\"c0\":2,\"c1\":2,\"r0\":19,\"r1\":19,\"text\":\"1,562\"},{\"bbox\":[513.7,300.9,535.2,308.9],\"c0\":3,\"c1\":3,\"r0\":19,\"r1\":19,\"text\":\"1,621\"},{\"bbox\":[57.0,309.9,213.1,317.9],\"c0\":0,\"c1\":0,\"r0\":20,\"r1\":20,\"text\":\"Loss from discontinued operations, net of tax\"},{\"bbox\":[419.1,309.9,427.1,317.9],\"c0\":1,\"c1\":1,\"r0\":20,\"r1\":20,\"text\":\"—\"},{\"bbox\":[473.1,309.9,481.1,317.9],\"c0\":2,\"c1\":2,\"r0\":20,\"r1\":20,\"text\":\"—\"},{\"bbox\":[527.8,309.9,537.8,317.9],\"c0\":3,\"c1\":3,\"r0\":20,\"r1\":20,\"text\":\"(2)\"},{\"bbox\":[57.0,322.9,96.7,330.9],\"c0\":0,\"c1\":0,\"r0\":21,\"r1\":21,\"text\":\"Net income\"},{\"bbox\":[405.7,322.9,427.2,330.9],\"c0\":1,\"c1\":1,\"r0\":21,\"r1\":21,\"text\":\"1,314\"},{\"bbox\":[459.7,322.9,481.2,330.9],\"c0\":2,\"c1\":2,\"r0\":21,\"r1\":21,\"text\":\"1,562\"},{\"bbox\":[513.7,322.9,535.2,330.9],\"c0\":3,\"c1\":3,\"r0\":21,\"r1\":21,\"text\":\"1,619\"},{\"bbox\":[57.0,331.9,216.6,339.9],\"c0\":0,\"c1\":0,\"r0\":22,\"r1\":22,\"text\":\"Other comprehensive income (loss), net of tax\"},{\"bbox\":[415.0,331.9,429.8,339.9],\"c0\":1,\"c1\":1,\"r0\":22,\"r1\":22,\"text\":\"(59)\"},{\"bbox\":[464.2,331.9,483.8,339.9],\"c0\":2,\"c1\":2,\"r0\":22,\"r1\":22,\"text\":\"(409)\"},{\"bbox\":[525.6,331.9,535.2,339.9],\"c0\":3,\"c1\":3,\"r0\":22,\"r1\":22,\"text\":\"67\"},{\"bbox\":[57.0,344.9,154.4,352.9],\"c0\":0,\"c1\":0,\"r0\":23,\"r1\":23,\"text\":\"Total comprehensive income\"},{\"bbox\":[388.9,344.9,427.2,352.9],\"c0\":1,\"c1\":1,\"r0\":23,\"r1\":23,\"text\":\"$1,255\"},{\"bbox\":[442.9,344.9,481.2,352.9],\"c0\":2,\"c1\":2,\"r0\":23,\"r1\":23,\"text\":\"$1,153\"},{\"bbox\":[496.9,344.9,535.2,352.9],\"c0\":3,\"c1\":3,\"r0\":23,\"r1\":23,\"text\":\"$1,686\"}]}],\"text\":\"Schedule I — Condensed Financial Information of Registrant\\nCondensed Statements of Operations\\n\\n(Parent Company Only)\\n\\nYears Ended December 31,\\n\\n2016\\n\\n2015\\n\\n2014\\n\\n(in millions)\\n\\nRevenues\\nManagement and financial advice fees\\nNet investment income\\nOther revenues\\n\\n$\\n\\nTotal revenues\\nBanking and deposit interest expense\\n\\nTotal net revenues\\n\\nExpenses\\nBenefits, claims, losses and settlement expenses\\nInterest and debt expense\\nGeneral and administrative expense\\n\\nTotal expenses\\n\\n(1)\\n14\\n9\\n\\n$\\n\\n(1)\\n2\\n14\\n\\n$\\n\\n—\\n30\\n11\\n\\n22\\n1\\n\\n15\\n—\\n\\n41\\n—\\n\\n21\\n\\n15\\n\\n41\\n\\n41\\n113\\n192\\n\\n13\\n124\\n193\\n\\n11\\n118\\n195\\n\\n346\\n\\n330\\n\\n324\\n\\nPretax loss before equity in earnings of subsidiaries\\nIncome tax benefit\\n\\n(325)\\n(146)\\n\\n(315)\\n(123)\\n\\n(283)\\n(88)\\n\\nLoss before equity in earnings of subsidiaries\\nEquity in earnings of subsidiaries excluding discontinued operations\\n\\n(179)\\n1,493\\n\\n(192)\\n1,754\\n\\n(195)\\n1,816\\n\\nNet income from continuing operations\\nLoss from discontinued operations, net of tax\\n\\n1,314\\n—\\n\\n1,562\\n—\\n\\n1,621\\n(2)\\n\\nNet income\\nOther comprehensive income (loss), net of tax\\n\\n1,314\\n(59)\\n\\n1,562\\n(409)\\n\\n1,619\\n67\\n\\nTotal comprehensive income\\n\\n$\\n\\n1,255\\n\\n$\\n\\n1,153\\n\\n$\\n\\n1,686\\n\\nSee Notes to Condensed Financial Information of Registrant.\\n\\nF-3\"},\"name\":\"fintabnet.AMP_2016_page_197__72dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":18664,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:AMP_2016\",\"dpi\":72,\"gt_sha256\":\"fb13ab53410456224b28d1a0a7f4d1a66076fd89df247adc7d0032949fe834e0\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AMP_2016_page_197__72dpi_none\",\"page\":1,\"page_id\":\"fintabnet.AMP_2016_page_197\",\"pdf_sha256\":\"c615a6ba057da2d6a2fb086cf8c9401be6b608cce724fac923e3d605edb0bd69\",\"px\":[594,774],\"scan\":{\"render\":\"7ff87f80783e781a7c1a7c3e7e1e7e3e00000000000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"AMP_2016_page_197\",\"src\":{\"file_sha256\":\"75a878797f372962b3ff6a95b11ba8f32cb6147f586402af16f520bdcbcc4022\",\"render\":\"7ff87f98783e783e7c3e7c3e7c3e7e3e00000000000000000000000000000000\",\"text\":\"b9fe15bfdba5f082cf4387ab2d4a725d5c6cf73d56bbd3d207117dec399e0515\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"c615a6ba057da2d6a2fb086cf8c9401be6b608cce724fac923e3d605edb0bd69\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/c615a6ba057da2d6a2fb086cf8c9401be6b608cce724fac923e3d605edb0bd69.pdf","asset_sha256":"c615a6ba057da2d6a2fb086cf8c9401be6b608cce724fac923e3d605edb0bd69","document_id":"fintabnet:AMP_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMP_2016_page_197\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMP_2016_page_68\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AMP_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[158.3,90.3,1473.3,173.8],\"lines\":[{\"bbox\":[158.3,90.3,1473.3,112.7],\"text\":\"A decrease of 100 basis points in separate account fund growth rate assumptions is likely to result in an increase in DAC\"},{\"bbox\":[158.3,120.9,1396.3,143.3],\"text\":\"amortization and an increase in benefits and claims expense for variable annuity and VUL insurance contracts. The\"},{\"bbox\":[158.3,151.4,1004.8,173.8],\"text\":\"following table presents the estimated impact to current period pretax income:\"}],\"order\":0,\"text\":\"A decrease of 100 basis points in separate account fund growth rate assumptions is likely to result in an increase in DAC\\namortization and an increase in benefits and claims expense for variable annuity and VUL insurance contracts. The\\nfollowing table presents the estimated impact to current period pretax income:\"},{\"bbox\":[1071.5,209.6,1458.8,231.8],\"lines\":[{\"bbox\":[1071.5,209.6,1458.8,231.8],\"text\":\"Estimated Impact to Pretax Income (1)\"}],\"order\":1,\"text\":\"Estimated Impact to Pretax Income (1)\"},{\"bbox\":[1038.6,247.9,1168.0,292.9],\"lines\":[{\"bbox\":[1081.9,247.9,1124.7,267.9],\"text\":\"DAC\"},{\"bbox\":[1038.6,272.9,1168.0,292.9],\"text\":\"Amortization\"}],\"order\":2,\"text\":\"DAC\\nAmortization\"},{\"bbox\":[1201.3,247.9,1364.7,292.9],\"lines\":[{\"bbox\":[1217.2,247.9,1348.9,267.9],\"text\":\"Benefits and\"},{\"bbox\":[1201.3,272.9,1364.7,292.9],\"text\":\"Claims Expense\"}],\"order\":3,\"text\":\"Benefits and\\nClaims Expense\"},{\"bbox\":[1420.6,272.9,1469.0,292.9],\"lines\":[{\"bbox\":[1420.6,272.9,1469.0,292.9],\"text\":\"Total\"}],\"order\":4,\"text\":\"Total\"},{\"bbox\":[1204.8,309.0,1325.4,329.0],\"lines\":[{\"bbox\":[1204.8,309.0,1325.4,329.0],\"text\":\"(in millions)\"}],\"order\":5,\"text\":\"(in millions)\"},{\"bbox\":[158.3,336.8,987.4,381.7],\"lines\":[{\"bbox\":[158.3,336.8,987.4,356.7],\"text\":\"Decrease in future near- and long-term fixed income fund growth returns by 100 basis\"},{\"bbox\":[180.5,361.8,237.8,381.7],\"text\":\"points\"}],\"order\":6,\"text\":\"Decrease in future near- and long-term fixed income fund growth returns by 100 basis\\npoints\"},{\"bbox\":[1063.1,361.8,1076.4,381.7],\"lines\":[{\"bbox\":[1063.1,361.8,1076.4,381.7],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[1109.6,361.8,1150.7,381.7],\"lines\":[{\"bbox\":[1109.6,361.8,1150.7,381.7],\"text\":\"(21)\"}],\"order\":8,\"text\":\"(21)\"},{\"bbox\":[1242.8,361.8,1256.1,381.7],\"lines\":[{\"bbox\":[1242.8,361.8,1256.1,381.7],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[1289.4,361.8,1330.4,381.7],\"lines\":[{\"bbox\":[1289.4,361.8,1330.4,381.7],\"text\":\"(64)\"}],\"order\":10,\"text\":\"(64)\"},{\"bbox\":[1398.0,361.8,1411.3,381.7],\"lines\":[{\"bbox\":[1398.0,361.8,1411.3,381.7],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[1457.9,361.8,1498.9,381.7],\"lines\":[{\"bbox\":[1457.9,361.8,1498.9,381.7],\"text\":\"(85)\"}],\"order\":12,\"text\":\"(85)\"},{\"bbox\":[158.3,403.4,890.5,448.4],\"lines\":[{\"bbox\":[158.3,403.4,890.5,423.4],\"text\":\"Decrease in future near-term equity fund growth returns by 100 basis points\"},{\"bbox\":[158.3,428.4,889.3,448.4],\"text\":\"Decrease in future long-term equity fund growth returns by 100 basis points\"}],\"order\":13,\"text\":\"Decrease in future near-term equity fund growth returns by 100 basis points\\nDecrease in future long-term equity fund growth returns by 100 basis points\"},{\"bbox\":[1063.1,403.4,1076.4,423.4],\"lines\":[{\"bbox\":[1063.1,403.4,1076.4,423.4],\"text\":\"$\"}],\"order\":14,\"text\":\"$\"},{\"bbox\":[1109.6,403.4,1150.7,448.4],\"lines\":[{\"bbox\":[1109.6,403.4,1150.7,423.4],\"text\":\"(21)\"},{\"bbox\":[1109.6,428.4,1150.7,448.4],\"text\":\"(16)\"}],\"order\":15,\"text\":\"(21)\\n(16)\"},{\"bbox\":[1242.8,403.4,1256.1,423.4],\"lines\":[{\"bbox\":[1242.8,403.4,1256.1,423.4],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[1289.4,403.4,1330.4,448.4],\"lines\":[{\"bbox\":[1289.4,403.4,1330.4,423.4],\"text\":\"(42)\"},{\"bbox\":[1289.4,428.4,1330.4,448.4],\"text\":\"(27)\"}],\"order\":17,\"text\":\"(42)\\n(27)\"},{\"bbox\":[1398.0,403.4,1411.3,423.4],\"lines\":[{\"bbox\":[1398.0,403.4,1411.3,423.4],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[1457.9,403.4,1498.9,448.4],\"lines\":[{\"bbox\":[1457.9,403.4,1498.9,423.4],\"text\":\"(63)\"},{\"bbox\":[1457.9,428.4,1498.9,448.4],\"text\":\"(43)\"}],\"order\":19,\"text\":\"(63)\\n(43)\"},{\"bbox\":[158.3,464.5,988.6,484.5],\"lines\":[{\"bbox\":[158.3,464.5,988.6,484.5],\"text\":\"Decrease in future near- and long-term equity fund growth returns by 100 basis points\"}],\"order\":20,\"text\":\"Decrease in future near- and long-term equity fund growth returns by 100 basis points\"},{\"bbox\":[1063.1,464.5,1076.4,484.5],\"lines\":[{\"bbox\":[1063.1,464.5,1076.4,484.5],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[1109.7,464.5,1150.7,484.5],\"lines\":[{\"bbox\":[1109.7,464.5,1150.7,484.5],\"text\":\"(37)\"}],\"order\":22,\"text\":\"(37)\"},{\"bbox\":[1242.8,464.5,1256.1,484.5],\"lines\":[{\"bbox\":[1242.8,464.5,1256.1,484.5],\"text\":\"$\"}],\"order\":23,\"text\":\"$\"},{\"bbox\":[1289.4,464.5,1330.4,484.5],\"lines\":[{\"bbox\":[1289.4,464.5,1330.4,484.5],\"text\":\"(69)\"}],\"order\":24,\"text\":\"(69)\"},{\"bbox\":[1398.0,464.5,1411.3,484.5],\"lines\":[{\"bbox\":[1398.0,464.5,1411.3,484.5],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[1444.7,464.5,1498.9,484.5],\"lines\":[{\"bbox\":[1444.7,464.5,1498.9,484.5],\"text\":\"(106)\"}],\"order\":26,\"text\":\"(106)\"},{\"bbox\":[158.3,513.8,176.4,526.7],\"lines\":[{\"bbox\":[158.3,513.8,176.4,526.7],\"text\":\"(1)\"}],\"order\":27,\"text\":\"(1)\"},{\"bbox\":[202.8,515.9,1467.9,560.9],\"lines\":[{\"bbox\":[202.8,515.9,1467.9,535.9],\"text\":\"An increase in the above assumptions by 100 basis points would result in an increase to pretax income for approximately the same\"},{\"bbox\":[202.8,540.9,281.8,560.9],\"text\":\"amount.\"}],\"order\":28,\"text\":\"An increase in the above assumptions by 100 basis points would result in an increase to pretax income for approximately the same\\namount.\"},{\"bbox\":[158.3,586.1,1445.1,639.1],\"lines\":[{\"bbox\":[158.3,586.1,1445.1,608.6],\"text\":\"An assessment of sensitivity associated with changes in any single assumption would not necessarily be an indicator of\"},{\"bbox\":[158.3,616.7,307.0,639.1],\"text\":\"future results.\"}],\"order\":29,\"text\":\"An assessment of sensitivity associated with changes in any single assumption would not necessarily be an indicator of\\nfuture results.\"},{\"bbox\":[158.3,682.4,570.1,705.9],\"lines\":[{\"bbox\":[158.3,682.4,570.1,705.9],\"text\":\"Traditional Long-Duration Products\"}],\"order\":30,\"text\":\"Traditional Long-Duration Products\"},{\"bbox\":[158.3,713.9,1480.0,1011.3],\"lines\":[{\"bbox\":[158.3,713.9,1431.9,736.3],\"text\":\"For our traditional long-duration products (including traditional life, disability income (‘‘DI’’) and long term care (‘‘LTC’’)\"},{\"bbox\":[158.3,744.5,1474.5,766.9],\"text\":\"insurance products), our DAC balance at any reporting date is based on projections that show management expects there\"},{\"bbox\":[158.3,775.0,1436.3,797.4],\"text\":\"to be adequate premiums after the date to amortize the remaining balance. These projections are inherently uncertain\"},{\"bbox\":[158.3,805.6,1455.4,828.0],\"text\":\"because they require management to make assumptions over periods extending well into the future. These assumptions\"},{\"bbox\":[158.3,836.1,1377.9,858.5],\"text\":\"include interest rates, persistency rates and mortality and morbidity rates and are not modified (unlocked) unless\"},{\"bbox\":[158.3,866.7,1480.0,889.1],\"text\":\"recoverability testing deems to be inadequate. Projection periods used for our traditional life insurance are up to 30 years.\"},{\"bbox\":[158.3,897.2,1418.2,919.6],\"text\":\"Projection periods for our DI products can be up to 45 years. Projection periods for LTC are often 50 years or longer.\"},{\"bbox\":[158.3,927.8,1441.8,950.2],\"text\":\"During the third quarter of 2016, premium deficiency testing of LTC resulted in the impairment of all LTC DAC. We may\"},{\"bbox\":[158.3,958.3,1459.6,980.7],\"text\":\"experience accelerated amortization of DAC if policies terminate earlier than projected or a slower rate of amortization of\"},{\"bbox\":[158.3,988.9,637.0,1011.3],\"text\":\"DAC if policies persist longer than projected.\"}],\"order\":31,\"text\":\"For our traditional long-duration products (including traditional life, disability income (‘‘DI’’) and long term care (‘‘LTC’’)\\ninsurance products), our DAC balance at any reporting date is based on projections that show management expects there\\nto be adequate premiums after the date to amortize the remaining balance. These projections are inherently uncertain\\nbecause they require management to make assumptions over periods extending well into the future. These assumptions\\ninclude interest rates, persistency rates and mortality and morbidity rates and are not modified (unlocked) unless\\nrecoverability testing deems to be inadequate. Projection periods used for our traditional life insurance are up to 30 years.\\nProjection periods for our DI products can be up to 45 years. Projection periods for LTC are often 50 years or longer.\\nDuring the third quarter of 2016, premium deficiency testing of LTC resulted in the impairment of all LTC DAC. We may\\nexperience accelerated amortization of DAC if policies terminate earlier than projected or a slower rate of amortization of\\nDAC if policies persist longer than projected.\"},{\"bbox\":[158.3,1036.1,1483.8,1119.6],\"lines\":[{\"bbox\":[158.3,1036.1,1483.8,1058.5],\"text\":\"For traditional life and DI insurance products, the assumptions provide for adverse deviations in experience and are revised\"},{\"bbox\":[158.3,1066.6,1477.1,1089.1],\"text\":\"only if management concludes experience will be so adverse that DAC are not recoverable. If management concludes that\"},{\"bbox\":[158.3,1097.2,1402.2,1119.6],\"text\":\"DAC are not recoverable, DAC are reduced to the amount that is recoverable based on best estimate assumptions.\"}],\"order\":32,\"text\":\"For traditional life and DI insurance products, the assumptions provide for adverse deviations in experience and are revised\\nonly if management concludes experience will be so adverse that DAC are not recoverable. If management concludes that\\nDAC are not recoverable, DAC are reduced to the amount that is recoverable based on best estimate assumptions.\"},{\"bbox\":[158.3,1144.4,1295.4,1166.8],\"lines\":[{\"bbox\":[158.3,1144.4,1295.4,1166.8],\"text\":\"See Note 2 to the Consolidated Financial Statements for further discussion of our DAC accounting policy.\"}],\"order\":33,\"text\":\"See Note 2 to the Consolidated Financial Statements for further discussion of our DAC accounting policy.\"},{\"bbox\":[158.3,1208.3,1480.0,1444.6],\"lines\":[{\"bbox\":[158.3,1208.3,929.0,1230.8],\"text\":\"Policyholder Account Balances, Future Policy Benefits and Claims\"},{\"bbox\":[158.3,1238.9,1454.0,1261.3],\"text\":\"We establish reserves to cover the risks associated with non-traditional and traditional long-duration products and short-\"},{\"bbox\":[158.3,1269.4,1457.4,1291.8],\"text\":\"duration products. Reserves for non-traditional long-duration products include the liabilities related to guaranteed benefit\"},{\"bbox\":[158.3,1300.0,1409.8,1322.4],\"text\":\"provisions added to variable annuity contracts, variable and fixed annuity contracts and UL and VUL policies and the\"},{\"bbox\":[158.3,1330.5,1423.0,1352.9],\"text\":\"embedded derivatives related to variable annuity contracts, equity indexed annuities (‘‘EIA’’) and indexed universal life\"},{\"bbox\":[158.3,1361.1,1469.7,1383.5],\"text\":\"(‘‘IUL’’) insurance. Reserves for traditional long-duration products are established to provide adequately for future benefits\"},{\"bbox\":[158.3,1391.6,1480.0,1414.0],\"text\":\"and expenses for term life, whole life, DI and LTC insurance products. Reserves for short-duration products are established\"},{\"bbox\":[158.3,1422.2,1074.3,1444.6],\"text\":\"to provide adequately for incurred losses primarily related to auto and home policies.\"}],\"order\":34,\"text\":\"Policyholder Account Balances, Future Policy Benefits and Claims\\nWe establish reserves to cover the risks associated with non-traditional and traditional long-duration products and short-\\nduration products. Reserves for non-traditional long-duration products include the liabilities related to guaranteed benefit\\nprovisions added to variable annuity contracts, variable and fixed annuity contracts and UL and VUL policies and the\\nembedded derivatives related to variable annuity contracts, equity indexed annuities (‘‘EIA’’) and indexed universal life\\n(‘‘IUL’’) insurance. Reserves for traditional long-duration products are established to provide adequately for future benefits\\nand expenses for term life, whole life, DI and LTC insurance products. Reserves for short-duration products are established\\nto provide adequately for incurred losses primarily related to auto and home policies.\"},{\"bbox\":[158.3,1469.4,1442.3,1583.5],\"lines\":[{\"bbox\":[158.3,1469.4,1435.2,1491.8],\"text\":\"The establishment of reserves is an estimation process using a variety of methods, assumptions and data elements. If\"},{\"bbox\":[158.3,1499.9,1442.3,1522.4],\"text\":\"actual experience is better than or equal to the results of the estimation process, then reserves should be adequate to\"},{\"bbox\":[158.3,1530.5,1381.4,1552.9],\"text\":\"provide for future benefits and expenses. If actual experience is worse than the results of the estimation process,\"},{\"bbox\":[158.3,1561.0,549.5,1583.5],\"text\":\"additional reserves may be required.\"}],\"order\":35,\"text\":\"The establishment of reserves is an estimation process using a variety of methods, assumptions and data elements. If\\nactual experience is better than or equal to the results of the estimation process, then reserves should be adequate to\\nprovide for future benefits and expenses. If actual experience is worse than the results of the estimation process,\\nadditional reserves may be required.\"},{\"bbox\":[158.3,1626.8,626.0,1650.3],\"lines\":[{\"bbox\":[158.3,1626.8,626.0,1650.3],\"text\":\"Non-Traditional Long-Duration Products\"}],\"order\":36,\"text\":\"Non-Traditional Long-Duration Products\"},{\"bbox\":[158.3,1658.4,1469.1,1711.3],\"lines\":[{\"bbox\":[158.3,1658.4,1363.6,1680.8],\"text\":\"Liabilities for fixed account values on variable and fixed deferred annuities and UL and VUL policies are equal to\"},{\"bbox\":[158.3,1688.9,1469.1,1711.3],\"text\":\"accumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges.\"}],\"order\":37,\"text\":\"Liabilities for fixed account values on variable and fixed deferred annuities and UL and VUL policies are equal to\\naccumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges.\"},{\"bbox\":[158.3,1736.1,1490.6,1911.3],\"lines\":[{\"bbox\":[158.3,1736.1,1428.0,1758.6],\"text\":\"A portion of our UL and VUL policies have product features that result in profits followed by losses from the insurance\"},{\"bbox\":[158.3,1766.7,1421.1,1789.1],\"text\":\"component of the contract. These profits followed by losses can be generated by the cost structure of the product or\"},{\"bbox\":[158.3,1797.2,1490.6,1819.7],\"text\":\"secondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will\"},{\"bbox\":[158.3,1827.8,1438.4,1850.2],\"text\":\"not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly\"},{\"bbox\":[158.3,1858.3,1447.0,1880.8],\"text\":\"deductions and charges. The liability for these future losses is determined using actuarial models to estimate the death\"},{\"bbox\":[158.3,1888.9,1356.1,1911.3],\"text\":\"benefits in excess of account value and the expected assessments (e.g. cost of insurance charges, contractual\"}],\"order\":38,\"text\":\"A portion of our UL and VUL policies have product features that result in profits followed by losses from the insurance\\ncomponent of the contract. These profits followed by losses can be generated by the cost structure of the product or\\nsecondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will\\nnot terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly\\ndeductions and charges. The liability for these future losses is determined using actuarial models to estimate the death\\nbenefits in excess of account value and the expected assessments (e.g. cost of insurance charges, contractual\"},{\"bbox\":[208.3,2059.0,234.9,2078.9],\"lines\":[{\"bbox\":[208.3,2059.0,234.9,2078.9],\"text\":\"50\"}],\"order\":39,\"text\":\"50\"}],\"doc\":\"fintabnet:AMP_2016\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"A decrease of 100 basis points in separate account fund growth rate assumptions is likely to result in an increase in DAC\\namortization and an increase in benefits and claims expense for variable annuity and VUL insurance contracts. The\\nfollowing table presents the estimated impact to current period pretax income:\\n\\nEstimated Impact to Pretax Income (1)\\n\\nDAC\\nAmortization\\n\\nBenefits and\\nClaims Expense\\n\\nTotal\\n\\n(in millions)\\n\\nDecrease in future near- and long-term fixed income fund growth returns by 100 basis\\npoints\\n\\n$\\n\\n(21)\\n\\n$\\n\\n(64)\\n\\n$\\n\\n(85)\\n\\nDecrease in future near-term equity fund growth returns by 100 basis points\\nDecrease in future long-term equity fund growth returns by 100 basis points\\n\\n$\\n\\n(21)\\n(16)\\n\\n$\\n\\n(42)\\n(27)\\n\\n$\\n\\n(63)\\n(43)\\n\\nDecrease in future near- and long-term equity fund growth returns by 100 basis points\\n\\n$\\n\\n(37)\\n\\n$\\n\\n(69)\\n\\n$\\n\\n(106)\\n\\n(1)\\n\\nAn increase in the above assumptions by 100 basis points would result in an increase to pretax income for approximately the same\\namount.\\n\\nAn assessment of sensitivity associated with changes in any single assumption would not necessarily be an indicator of\\nfuture results.\\n\\nTraditional Long-Duration Products\\n\\nFor our traditional long-duration products (including traditional life, disability income (‘‘DI’’) and long term care (‘‘LTC’’)\\ninsurance products), our DAC balance at any reporting date is based on projections that show management expects there\\nto be adequate premiums after the date to amortize the remaining balance. These projections are inherently uncertain\\nbecause they require management to make assumptions over periods extending well into the future. These assumptions\\ninclude interest rates, persistency rates and mortality and morbidity rates and are not modified (unlocked) unless\\nrecoverability testing deems to be inadequate. Projection periods used for our traditional life insurance are up to 30 years.\\nProjection periods for our DI products can be up to 45 years. Projection periods for LTC are often 50 years or longer.\\nDuring the third quarter of 2016, premium deficiency testing of LTC resulted in the impairment of all LTC DAC. We may\\nexperience accelerated amortization of DAC if policies terminate earlier than projected or a slower rate of amortization of\\nDAC if policies persist longer than projected.\\n\\nFor traditional life and DI insurance products, the assumptions provide for adverse deviations in experience and are revised\\nonly if management concludes experience will be so adverse that DAC are not recoverable. If management concludes that\\nDAC are not recoverable, DAC are reduced to the amount that is recoverable based on best estimate assumptions.\\n\\nSee Note 2 to the Consolidated Financial Statements for further discussion of our DAC accounting policy.\\n\\nPolicyholder Account Balances, Future Policy Benefits and Claims\\nWe establish reserves to cover the risks associated with non-traditional and traditional long-duration products and short-\\nduration products. Reserves for non-traditional long-duration products include the liabilities related to guaranteed benefit\\nprovisions added to variable annuity contracts, variable and fixed annuity contracts and UL and VUL policies and the\\nembedded derivatives related to variable annuity contracts, equity indexed annuities (‘‘EIA’’) and indexed universal life\\n(‘‘IUL’’) insurance. Reserves for traditional long-duration products are established to provide adequately for future benefits\\nand expenses for term life, whole life, DI and LTC insurance products. Reserves for short-duration products are established\\nto provide adequately for incurred losses primarily related to auto and home policies.\\n\\nThe establishment of reserves is an estimation process using a variety of methods, assumptions and data elements. If\\nactual experience is better than or equal to the results of the estimation process, then reserves should be adequate to\\nprovide for future benefits and expenses. If actual experience is worse than the results of the estimation process,\\nadditional reserves may be required.\\n\\nNon-Traditional Long-Duration Products\\n\\nLiabilities for fixed account values on variable and fixed deferred annuities and UL and VUL policies are equal to\\naccumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges.\\n\\nA portion of our UL and VUL policies have product features that result in profits followed by losses from the insurance\\ncomponent of the contract. These profits followed by losses can be generated by the cost structure of the product or\\nsecondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will\\nnot terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly\\ndeductions and charges. The liability for these future losses is determined using actuarial models to estimate the death\\nbenefits in excess of account value and the expected assessments (e.g. cost of insurance charges, contractual\\n\\n50\",\"name\":\"fintabnet.AMP_2016_page_68__200dpi_none\",\"page_id\":\"fintabnet.AMP_2016_page_68\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"AMP_2016_page_68\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[158.3,205.8,1498.9,485.8],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26],\"cells\":null}],\"text\":\"A decrease of 100 basis points in separate account fund growth rate assumptions is likely to result in an increase in DAC\\namortization and an increase in benefits and claims expense for variable annuity and VUL insurance contracts. The\\nfollowing table presents the estimated impact to current period pretax income:\\n\\nEstimated Impact to Pretax Income (1)\\n\\nDAC\\nAmortization\\n\\nBenefits and\\nClaims Expense\\n\\nTotal\\n\\n(in millions)\\n\\nDecrease in future near- and long-term fixed income fund growth returns by 100 basis\\npoints\\n\\n$\\n\\n(21)\\n\\n$\\n\\n(64)\\n\\n$\\n\\n(85)\\n\\nDecrease in future near-term equity fund growth returns by 100 basis points\\nDecrease in future long-term equity fund growth returns by 100 basis points\\n\\n$\\n\\n(21)\\n(16)\\n\\n$\\n\\n(42)\\n(27)\\n\\n$\\n\\n(63)\\n(43)\\n\\nDecrease in future near- and long-term equity fund growth returns by 100 basis points\\n\\n$\\n\\n(37)\\n\\n$\\n\\n(69)\\n\\n$\\n\\n(106)\\n\\n(1)\\n\\nAn increase in the above assumptions by 100 basis points would result in an increase to pretax income for approximately the same\\namount.\\n\\nAn assessment of sensitivity associated with changes in any single assumption would not necessarily be an indicator of\\nfuture results.\\n\\nTraditional Long-Duration Products\\n\\nFor our traditional long-duration products (including traditional life, disability income (‘‘DI’’) and long term care (‘‘LTC’’)\\ninsurance products), our DAC balance at any reporting date is based on projections that show management expects there\\nto be adequate premiums after the date to amortize the remaining balance. These projections are inherently uncertain\\nbecause they require management to make assumptions over periods extending well into the future. These assumptions\\ninclude interest rates, persistency rates and mortality and morbidity rates and are not modified (unlocked) unless\\nrecoverability testing deems to be inadequate. Projection periods used for our traditional life insurance are up to 30 years.\\nProjection periods for our DI products can be up to 45 years. Projection periods for LTC are often 50 years or longer.\\nDuring the third quarter of 2016, premium deficiency testing of LTC resulted in the impairment of all LTC DAC. We may\\nexperience accelerated amortization of DAC if policies terminate earlier than projected or a slower rate of amortization of\\nDAC if policies persist longer than projected.\\n\\nFor traditional life and DI insurance products, the assumptions provide for adverse deviations in experience and are revised\\nonly if management concludes experience will be so adverse that DAC are not recoverable. If management concludes that\\nDAC are not recoverable, DAC are reduced to the amount that is recoverable based on best estimate assumptions.\\n\\nSee Note 2 to the Consolidated Financial Statements for further discussion of our DAC accounting policy.\\n\\nPolicyholder Account Balances, Future Policy Benefits and Claims\\nWe establish reserves to cover the risks associated with non-traditional and traditional long-duration products and short-\\nduration products. Reserves for non-traditional long-duration products include the liabilities related to guaranteed benefit\\nprovisions added to variable annuity contracts, variable and fixed annuity contracts and UL and VUL policies and the\\nembedded derivatives related to variable annuity contracts, equity indexed annuities (‘‘EIA’’) and indexed universal life\\n(‘‘IUL’’) insurance. Reserves for traditional long-duration products are established to provide adequately for future benefits\\nand expenses for term life, whole life, DI and LTC insurance products. Reserves for short-duration products are established\\nto provide adequately for incurred losses primarily related to auto and home policies.\\n\\nThe establishment of reserves is an estimation process using a variety of methods, assumptions and data elements. If\\nactual experience is better than or equal to the results of the estimation process, then reserves should be adequate to\\nprovide for future benefits and expenses. If actual experience is worse than the results of the estimation process,\\nadditional reserves may be required.\\n\\nNon-Traditional Long-Duration Products\\n\\nLiabilities for fixed account values on variable and fixed deferred annuities and UL and VUL policies are equal to\\naccumulation values, which are the cumulative gross deposits and credited interest less withdrawals and various charges.\\n\\nA portion of our UL and VUL policies have product features that result in profits followed by losses from the insurance\\ncomponent of the contract. These profits followed by losses can be generated by the cost structure of the product or\\nsecondary guarantees in the contract. The secondary guarantee ensures that, subject to specified conditions, the policy will\\nnot terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly\\ndeductions and charges. 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.\"},{\"bbox\":[182.0,528.3,186.0,535.6],\"lines\":[{\"bbox\":[182.0,528.3,186.0,535.6],\"text\":\"$\"}],\"order\":65,\"text\":\"$\"},{\"bbox\":[196.6,528.3,230.2,535.6],\"lines\":[{\"bbox\":[196.6,528.3,230.2,535.6],\"text\":\"327,500(i)\"}],\"order\":66,\"text\":\"327,500(i)\"},{\"bbox\":[186.0,558.3,229.3,565.6],\"lines\":[{\"bbox\":[186.0,558.3,229.3,565.6],\"text\":\"5.96%,8.27%\"}],\"order\":67,\"text\":\"5.96%,8.27%\"},{\"bbox\":[242.6,528.3,246.6,535.6],\"lines\":[{\"bbox\":[242.6,528.3,246.6,535.6],\"text\":\"$\"}],\"order\":68,\"text\":\"$\"},{\"bbox\":[257.3,528.3,292.2,535.6],\"lines\":[{\"bbox\":[257.3,528.3,292.2,535.6],\"text\":\"232,500(e)\"}],\"order\":69,\"text\":\"232,500(e)\"},{\"bbox\":[486.3,528.3,517.6,535.6],\"lines\":[{\"bbox\":[486.3,528.3,517.6,535.6],\"text\":\"$(13,579)\"}],\"order\":70,\"text\":\"$(13,579)\"},{\"bbox\":[246.6,558.3,290.0,565.6],\"lines\":[{\"bbox\":[246.6,558.3,290.0,565.6],\"text\":\"5.96%,8.18%\"}],\"order\":71,\"text\":\"5.96%,8.18%\"},{\"bbox\":[69.0,576.4,524.9,689.0],\"lines\":[{\"bbox\":[69.0,576.4,505.6,585.5],\"text\":\"(a) As of December 31, 2002 variable rate debt consists of our credit facilities ($1.51 billion) and fixed rate\"},{\"bbox\":[89.0,587.9,521.3,597.0],\"text\":\"debt consists of the 2.25% convertible notes ($210.9 million), the 6.25% convertible notes ($212.7 million),\"},{\"bbox\":[89.0,596.9,484.3,609.9],\"text\":\"the 5.0% convertible notes ($450.0 million), the 9 3 ⁄ 8 % senior notes ($1.0 billion) and other debt of\"},{\"bbox\":[89.0,610.9,521.7,620.0],\"text\":\"$81.0 million. Interest on the credit facilities is payable in accordance with the applicable London Interbank\"},{\"bbox\":[89.0,622.4,512.3,631.5],\"text\":\"Offering Rate (LIBOR) agreement or quarterly and accrues at our option either at LIBOR plus margin (as\"},{\"bbox\":[89.0,633.9,521.4,643.0],\"text\":\"defined) or the Base Rate plus margin (as defined). The average interest rate in effect at December 31, 2002\"},{\"bbox\":[89.0,645.4,524.9,654.5],\"text\":\"for the credit facilities was 4.48%. For the year ended December 31, 2002, the weighted average interest rate\"},{\"bbox\":[89.0,656.9,497.7,666.0],\"text\":\"under the credit facilities was 4.41%. The 2.25% and 6.25% convertible notes each bear interest (after\"},{\"bbox\":[89.0,668.4,515.8,677.5],\"text\":\"giving effect to the accretion of the original discount on the 2.25% convertible notes) at 6.25% per annum,\"},{\"bbox\":[89.0,679.9,511.4,689.0],\"text\":\"which is payable semiannually on April 15 and October 15 of each year. The 5.0% convertible notes bear\"}],\"order\":72,\"text\":\"(a) As of December 31, 2002 variable rate debt consists of our credit facilities ($1.51 billion) and fixed rate\\ndebt consists of the 2.25% convertible notes ($210.9 million), the 6.25% convertible notes ($212.7 million),\\nthe 5.0% convertible notes ($450.0 million), the 9 3 ⁄ 8 % senior notes ($1.0 billion) and other debt of\\n$81.0 million. Interest on the credit facilities is payable in accordance with the applicable London Interbank\\nOffering Rate (LIBOR) agreement or quarterly and accrues at our option either at LIBOR plus margin (as\\ndefined) or the Base Rate plus margin (as defined). The average interest rate in effect at December 31, 2002\\nfor the credit facilities was 4.48%. For the year ended December 31, 2002, the weighted average interest rate\\nunder the credit facilities was 4.41%. The 2.25% and 6.25% convertible notes each bear interest (after\\ngiving effect to the accretion of the original discount on the 2.25% convertible notes) at 6.25% per annum,\\nwhich is payable semiannually on April 15 and October 15 of each year. The 5.0% convertible notes bear\"},{\"bbox\":[292.0,704.0,302.0,713.2],\"lines\":[{\"bbox\":[292.0,704.0,302.0,713.2],\"text\":\"46\"}],\"order\":73,\"text\":\"46\"}],\"doc\":\"fintabnet:AMT_2002\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"Aggregate Notional Amounts Associated with Interest Rate Caps, Swaps and Collars in Place\\nAs of December 31, 2002 and Interest Rate Detail by Contractual Maturity Dates (In thousands)\\n\\nInterest Rate CAPS\\n\\n2003\\n\\nNotional Amount . . . . . . . . . . . . . . . . . . . . . .\\nCap Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2004\\n\\n2005\\n\\n2006\\n\\n2007\\n\\nThereafter\\n\\nFair\\nValue\\n\\nTotal\\n\\n$\\n\\n500,000\\n5.00%\\n\\n$500,000(c)\\n5.00%\\n\\n$\\n\\n150\\n\\n$\\n\\n400,000(d)\\n5.59%\\n\\n$(10,383)\\n\\n$\\n\\n232,500(e)\\n\\n$ (5,307)\\n\\nInterest Rate SWAPS\\n\\nNotional Amount . . . . . . . . . . . . . . . . . . . . . .\\nWeighted-Average Fixed Rate Payable(b) . . .\\n\\nInterest Rate COLLARS\\n\\nNotional Amount . . . . . . . . . . . . . . . . . . . . . .\\nWeighted-Average Below Floor Rate\\nPayable, Above Cap Rate Receivable(b) . .\\n\\n5.96%, 8.18%\\n\\nAs of December 31, 2001\\nPrincipal Payments and Interest Rate Detail by Contractual Maturity Dates (In thousands)\\n\\nLong-Term Debt\\n\\n2002\\n\\n2003\\n\\n2004\\n\\n2005\\n\\n2006\\n\\nThereafter\\n\\nTotal\\n\\nFixed Rate Debt(a) . . . . . . . . .\\nAverage Interest Rate(a) . . . . .\\nVariable Rate Debt(a) . . . . . . .\\nAverage Interest Rate(a) . . . . .\\n\\n$12,585 $ 12,133 $ 12,775 $ 64,860 $ 26,352 $1,988,255 $2,116,960\\n7.83%\\n7.82%\\n7.81%\\n7.78%\\n7.78%\\n7.78%\\n$151,000 $192,000 $243,000 $255,750 $ 603,250 $1,445,000\\n\\nFair\\nValue\\n\\n$1,654,718\\n\\n$1,445,000\\n\\nAggregate Notional Amounts Associated with Interest Rate Caps, Swaps and Collars in Place\\nAs of December 31, 2001 and Interest Rate Detail by Contractual Maturity Dates (In thousands)\\n\\nInterest Rate CAPS\\n\\nNotional Amount . . . . . . . . . . .\\nCap Rate . . . . . . . . . . . . . . . . . .\\n\\n2002\\n\\n$\\n\\n364,980(f)\\n9.00%\\n\\n$\\n\\n580,000(g)\\n\\n2003\\n\\n2004\\n\\n2005\\n\\n2006\\n\\nThereafter\\n\\nTotal\\n\\nFair\\nValue\\n\\nInterest Rate SWAPS\\n\\nNotional Amount . . . . . . . . . . .\\nWeighted-Average Fixed Rate\\nPayable(b) . . . . . . . . . . . . . . .\\n\\n$\\n\\n5.86%\\n\\n550,000(h)\\n\\n$(21,601)\\n\\n5.80%\\n\\nInterest Rate COLLARS\\n\\nNotional Amount . . . . . . . . . . .\\nWeighted-Average Below Floor\\nRate Payable, Above Cap\\nRate Receivable(b) . . . . . . . .\\n\\n$\\n\\n327,500(i)\\n\\n5.96%,8.27%\\n\\n$\\n\\n232,500(e)\\n\\n$(13,579)\\n\\n5.96%,8.18%\\n\\n(a) As of December 31, 2002 variable rate debt consists of our credit facilities ($1.51 billion) and fixed rate\\ndebt consists of the 2.25% convertible notes ($210.9 million), the 6.25% convertible notes ($212.7 million),\\nthe 5.0% convertible notes ($450.0 million), the 9 3 ⁄ 8 % senior notes ($1.0 billion) and other debt of\\n$81.0 million. Interest on the credit facilities is payable in accordance with the applicable London Interbank\\nOffering Rate (LIBOR) agreement or quarterly and accrues at our option either at LIBOR plus margin (as\\ndefined) or the Base Rate plus margin (as defined). The average interest rate in effect at December 31, 2002\\nfor the credit facilities was 4.48%. For the year ended December 31, 2002, the weighted average interest rate\\nunder the credit facilities was 4.41%. The 2.25% and 6.25% convertible notes each bear interest (after\\ngiving effect to the accretion of the original discount on the 2.25% convertible notes) at 6.25% per annum,\\nwhich is payable semiannually on April 15 and October 15 of each year. The 5.0% convertible notes bear\\n\\n46\",\"name\":\"fintabnet.AMT_2002_page_55__72dpi_none\",\"page_id\":\"fintabnet.AMT_2002_page_55\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"AMT_2002_page_55\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[69.0,294.1,515.0,345.2],\"block_orders\":[28,29,30,31,32,33,34,35,36,37,38,39,40],\"cells\":null},{\"bbox\":[69.0,418.4,517.7,565.6],\"block_orders\":[42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71],\"cells\":null}],\"text\":\"Aggregate Notional Amounts Associated with Interest Rate Caps, Swaps and Collars in Place\\nAs of December 31, 2002 and Interest Rate Detail by Contractual Maturity Dates (In thousands)\\n\\nInterest Rate CAPS\\n\\n2003\\n\\nNotional Amount . . . . . . . . . . . . . . . . . . . . . .\\nCap Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2004\\n\\n2005\\n\\n2006\\n\\n2007\\n\\nThereafter\\n\\nFair\\nValue\\n\\nTotal\\n\\n$\\n\\n500,000\\n5.00%\\n\\n$500,000(c)\\n5.00%\\n\\n$\\n\\n150\\n\\n$\\n\\n400,000(d)\\n5.59%\\n\\n$(10,383)\\n\\n$\\n\\n232,500(e)\\n\\n$ (5,307)\\n\\nInterest Rate SWAPS\\n\\nNotional Amount . . . . . . . . . . . . . . . . . . . . . .\\nWeighted-Average Fixed Rate Payable(b) . . .\\n\\nInterest Rate COLLARS\\n\\nNotional Amount . . . . . . . . . . . . . . . . . . . . . .\\nWeighted-Average Below Floor Rate\\nPayable, Above Cap Rate Receivable(b) . .\\n\\n5.96%, 8.18%\\n\\nAs of December 31, 2001\\nPrincipal Payments and Interest Rate Detail by Contractual Maturity Dates (In thousands)\\n\\nLong-Term Debt\\n\\n2002\\n\\n2003\\n\\n2004\\n\\n2005\\n\\n2006\\n\\nThereafter\\n\\nTotal\\n\\nFixed Rate Debt(a) . . . . . . . . .\\nAverage Interest Rate(a) . . . . .\\nVariable Rate Debt(a) . . . . . . .\\nAverage Interest Rate(a) . . . . .\\n\\n$12,585 $ 12,133 $ 12,775 $ 64,860 $ 26,352 $1,988,255 $2,116,960\\n7.83%\\n7.82%\\n7.81%\\n7.78%\\n7.78%\\n7.78%\\n$151,000 $192,000 $243,000 $255,750 $ 603,250 $1,445,000\\n\\nFair\\nValue\\n\\n$1,654,718\\n\\n$1,445,000\\n\\nAggregate Notional Amounts Associated with Interest Rate Caps, Swaps and Collars in Place\\nAs of December 31, 2001 and Interest Rate Detail by Contractual Maturity Dates (In thousands)\\n\\nInterest Rate CAPS\\n\\nNotional Amount . . . . . . . . . . .\\nCap Rate . . . . . . . . . . . . . . . . . .\\n\\n2002\\n\\n$\\n\\n364,980(f)\\n9.00%\\n\\n$\\n\\n580,000(g)\\n\\n2003\\n\\n2004\\n\\n2005\\n\\n2006\\n\\nThereafter\\n\\nTotal\\n\\nFair\\nValue\\n\\nInterest Rate SWAPS\\n\\nNotional Amount . . . . . . . . . . .\\nWeighted-Average Fixed Rate\\nPayable(b) . . . . . . . . . . . . . . .\\n\\n$\\n\\n5.86%\\n\\n550,000(h)\\n\\n$(21,601)\\n\\n5.80%\\n\\nInterest Rate COLLARS\\n\\nNotional Amount . . . . . . . . . . .\\nWeighted-Average Below Floor\\nRate Payable, Above Cap\\nRate Receivable(b) . . . . . . . .\\n\\n$\\n\\n327,500(i)\\n\\n5.96%,8.27%\\n\\n$\\n\\n232,500(e)\\n\\n$(13,579)\\n\\n5.96%,8.18%\\n\\n(a) As of December 31, 2002 variable rate debt consists of our credit facilities ($1.51 billion) and fixed rate\\ndebt consists of the 2.25% convertible notes ($210.9 million), the 6.25% convertible notes ($212.7 million),\\nthe 5.0% convertible notes ($450.0 million), the 9 3 ⁄ 8 % senior notes ($1.0 billion) and other debt of\\n$81.0 million. Interest on the credit facilities is payable in accordance with the applicable London Interbank\\nOffering Rate (LIBOR) agreement or quarterly and accrues at our option either at LIBOR plus margin (as\\ndefined) or the Base Rate plus margin (as defined). The average interest rate in effect at December 31, 2002\\nfor the credit facilities was 4.48%. For the year ended December 31, 2002, the weighted average interest rate\\nunder the credit facilities was 4.41%. The 2.25% and 6.25% convertible notes each bear interest (after\\ngiving effect to the accretion of the original discount on the 2.25% convertible notes) at 6.25% per annum,\\nwhich is payable semiannually on April 15 and October 15 of each year. The 5.0% convertible notes bear\\n\\n46\"},\"name\":\"fintabnet.AMT_2002_page_55__72dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":40089,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:AMT_2002\",\"dpi\":72,\"gt_sha256\":\"84ebce8ccafeefa18f1f9d546b5cf9e520a310db017853538262600ba625abf3\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AMT_2002_page_55__72dpi_none\",\"page\":1,\"page_id\":\"fintabnet.AMT_2002_page_55\",\"pdf_sha256\":\"8e478ee25df93f3569251a06d3cdd4b59fc6ad5f324fd11b9c9afb924608d20d\",\"px\":[594,774],\"scan\":{\"render\":\"00001ffc33d4300038001ff837f430003ffc3400310030003ffc3ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"AMT_2002_page_55\",\"src\":{\"file_sha256\":\"12d3ca49192b14d936561e93a6ffc7249a964a3684f824dbeef5c2d7071098d2\",\"render\":\"00001ff833b4300038001fe837f433d03ffc340030003d003ffc3ffc00000000\",\"text\":\"2cd19887a141c41059bbdf9e6a046f37a81dc2014a0025e055099487c22c24a3\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"8e478ee25df93f3569251a06d3cdd4b59fc6ad5f324fd11b9c9afb924608d20d\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/8e478ee25df93f3569251a06d3cdd4b59fc6ad5f324fd11b9c9afb924608d20d.pdf","asset_sha256":"8e478ee25df93f3569251a06d3cdd4b59fc6ad5f324fd11b9c9afb924608d20d","document_id":"fintabnet:AMT_2002","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMT_2002_page_55\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMT_2005_page_108\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AMT_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[731.3,258.2,1867.3,349.2],\"lines\":[{\"bbox\":[731.3,258.2,1867.3,349.2],\"text\":\"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\"},{\"bbox\":[616.7,327.9,1974.7,429.3],\"lines\":[{\"bbox\":[616.7,327.9,1974.7,429.3],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"},{\"bbox\":[341.0,415.0,1833.0,523.2],\"lines\":[{\"bbox\":[341.0,415.0,1833.0,523.2],\"text\":\"The following table summarizes the Company’s option activity for the periods presented:\"}],\"order\":2,\"text\":\"The following table summarizes the Company’s option activity for the periods presented:\"},{\"bbox\":[1541.3,621.0,1655.6,656.4],\"lines\":[{\"bbox\":[1541.3,621.0,1655.6,656.4],\"text\":\"Options\"}],\"order\":3,\"text\":\"Options\"},{\"bbox\":[1739.9,597.0,2006.2,672.8],\"lines\":[{\"bbox\":[1741.4,597.0,2006.2,639.5],\"text\":\"Weighted Average\"},{\"bbox\":[1770.5,631.8,1974.2,671.4],\"text\":\"Exercise Price\"}],\"order\":4,\"text\":\"Weighted Average\\nExercise Price\"},{\"bbox\":[2056.4,611.9,2224.0,683.1],\"lines\":[{\"bbox\":[2083.8,613.1,2198.1,648.5],\"text\":\"Options\"},{\"bbox\":[2056.4,645.2,2222.4,683.1],\"text\":\"Exercisable\"}],\"order\":5,\"text\":\"Options\\nExercisable\"},{\"bbox\":[331.1,625.0,1454.0,715.8],\"lines\":[{\"bbox\":[331.1,625.0,1454.0,715.8],\"text\":\"Outstanding as of January 1, 2003 . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Outstanding as of January 1, 2003 . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1507.7,680.3,1696.8,727.3],\"lines\":[{\"bbox\":[1507.7,680.3,1696.8,727.3],\"text\":\"22,114,976\"}],\"order\":7,\"text\":\"22,114,976\"},{\"bbox\":[1811.1,694.6,1927.4,738.1],\"lines\":[{\"bbox\":[1811.1,694.6,1927.4,738.1],\"text\":\"$11.60\"}],\"order\":8,\"text\":\"$11.60\"},{\"bbox\":[2041.7,705.5,2230.8,752.4],\"lines\":[{\"bbox\":[2041.7,705.5,2230.8,752.4],\"text\":\"10,190,819\"}],\"order\":9,\"text\":\"10,190,819\"},{\"bbox\":[323.3,691.6,1450.8,882.3],\"lines\":[{\"bbox\":[328.0,691.6,1450.8,782.4],\"text\":\"Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[325.6,741.5,1448.5,832.4],\"text\":\"Exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[323.3,791.5,1446.1,882.3],\"text\":\"Cancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":10,\"text\":\"Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1506.8,747.3,1707.5,894.4],\"lines\":[{\"bbox\":[1525.4,747.9,1693.7,793.9],\"text\":\"1,724,300\"},{\"bbox\":[1509.1,797.2,1705.1,844.5],\"text\":\"(1,345,322)\"},{\"bbox\":[1506.8,847.1,1702.8,894.4],\"text\":\"(4,068,233)\"}],\"order\":11,\"text\":\"1,724,300\\n(1,345,322)\\n(4,068,233)\"},{\"bbox\":[1824.1,762.2,1924.3,904.6],\"lines\":[{\"bbox\":[1828.8,762.2,1924.3,804.7],\"text\":\"10.23\"},{\"bbox\":[1847.3,813.1,1921.9,854.7],\"text\":\"4.97\"},{\"bbox\":[1824.1,862.1,1919.6,904.6],\"text\":\"18.74\"}],\"order\":12,\"text\":\"10.23\\n4.97\\n18.74\"},{\"bbox\":[320.1,858.1,1443.0,948.9],\"lines\":[{\"bbox\":[320.1,858.1,1443.0,948.9],\"text\":\"Outstanding as of December 31, 2003 . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":13,\"text\":\"Outstanding as of December 31, 2003 . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1496.8,913.4,1685.8,960.3],\"lines\":[{\"bbox\":[1496.8,913.4,1685.8,960.3],\"text\":\"18,425,721\"}],\"order\":14,\"text\":\"18,425,721\"},{\"bbox\":[1821.0,928.7,1916.4,971.2],\"lines\":[{\"bbox\":[1821.0,928.7,1916.4,971.2],\"text\":\"10.24\"}],\"order\":15,\"text\":\"10.24\"},{\"bbox\":[312.3,924.7,1439.9,1115.4],\"lines\":[{\"bbox\":[317.0,924.7,1439.9,1015.5],\"text\":\"Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[314.7,974.6,1437.5,1065.5],\"text\":\"Exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[312.3,1024.5,1435.2,1115.4],\"text\":\"Cancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":16,\"text\":\"Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1495.8,980.3,1696.5,1127.5],\"lines\":[{\"bbox\":[1514.4,981.0,1682.7,1026.9],\"text\":\"5,288,399\"},{\"bbox\":[1498.1,1030.3,1694.1,1077.5],\"text\":\"(6,249,324)\"},{\"bbox\":[1495.8,1080.2,1691.8,1127.5],\"text\":\"(2,451,656)\"}],\"order\":17,\"text\":\"5,288,399\\n(6,249,324)\\n(2,451,656)\"},{\"bbox\":[1813.2,995.3,1913.3,1137.7],\"lines\":[{\"bbox\":[1817.9,995.3,1913.3,1037.8],\"text\":\"11.25\"},{\"bbox\":[1836.3,1046.2,1910.9,1087.7],\"text\":\"6.41\"},{\"bbox\":[1813.2,1095.1,1908.6,1137.7],\"text\":\"13.36\"}],\"order\":18,\"text\":\"11.25\\n6.41\\n13.36\"},{\"bbox\":[309.2,1091.1,1432.0,1182.0],\"lines\":[{\"bbox\":[309.2,1091.1,1432.0,1182.0],\"text\":\"Outstanding as of December 31, 2004 . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":19,\"text\":\"Outstanding as of December 31, 2004 . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1485.8,1146.5,1674.9,1193.4],\"lines\":[{\"bbox\":[1485.8,1146.5,1674.9,1193.4],\"text\":\"15,013,140\"}],\"order\":20,\"text\":\"15,013,140\"},{\"bbox\":[1810.0,1161.7,1905.5,1204.3],\"lines\":[{\"bbox\":[1810.0,1161.7,1905.5,1204.3],\"text\":\"11.54\"}],\"order\":21,\"text\":\"11.54\"},{\"bbox\":[299.0,1157.7,1685.6,1410.5],\"lines\":[{\"bbox\":[306.0,1157.7,1428.9,1248.6],\"text\":\"Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1503.5,1214.1,1671.7,1260.0],\"text\":\"7,380,054\"},{\"bbox\":[303.7,1207.7,1426.5,1298.5],\"text\":\"Options assumed in merger with SpectraSite, Inc. . . . . . . . . . . . . . .\"},{\"bbox\":[1501.1,1264.0,1669.4,1310.0],\"text\":\"9,878,295\"},{\"bbox\":[301.3,1257.6,1680.9,1360.6],\"text\":\"Exercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11,106,693)\"},{\"bbox\":[299.0,1307.6,1421.8,1398.4],\"text\":\"Cancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1513.7,1364.7,1678.5,1410.5],\"text\":\"(761,769)\"}],\"order\":22,\"text\":\"Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n7,380,054\\nOptions assumed in merger with SpectraSite, Inc. . . . . . . . . . . . . . .\\n9,878,295\\nExercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11,106,693)\\nCancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(761,769)\"},{\"bbox\":[1799.8,1228.3,1902.3,1420.7],\"lines\":[{\"bbox\":[1806.9,1228.3,1902.3,1270.9],\"text\":\"19.74\"},{\"bbox\":[1825.4,1279.3,1900.0,1320.8],\"text\":\"5.54\"},{\"bbox\":[1823.0,1329.2,1897.6,1370.7],\"text\":\"5.70\"},{\"bbox\":[1799.8,1378.2,1895.2,1420.7],\"text\":\"16.45\"}],\"order\":23,\"text\":\"19.74\\n5.54\\n5.70\\n16.45\"},{\"bbox\":[295.9,1374.2,1418.7,1465.0],\"lines\":[{\"bbox\":[295.9,1374.2,1418.7,1465.0],\"text\":\"Outstanding as of December 31, 2005 . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":24,\"text\":\"Outstanding as of December 31, 2005 . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1775.9,1443.8,1892.2,1487.3],\"lines\":[{\"bbox\":[1775.9,1443.8,1892.2,1487.3],\"text\":\"$14.48\"}],\"order\":25,\"text\":\"$14.48\"},{\"bbox\":[1472.5,1429.5,1661.6,1476.4],\"lines\":[{\"bbox\":[1472.5,1429.5,1661.6,1476.4],\"text\":\"20,403,027\"}],\"order\":26,\"text\":\"20,403,027\"},{\"bbox\":[2030.8,938.5,2219.8,985.5],\"lines\":[{\"bbox\":[2030.8,938.5,2219.8,985.5],\"text\":\"10,934,485\"}],\"order\":27,\"text\":\"10,934,485\"},{\"bbox\":[2040.6,1172.6,2208.9,1218.5],\"lines\":[{\"bbox\":[2040.6,1172.6,2208.9,1218.5],\"text\":\"7,884,626\"}],\"order\":28,\"text\":\"7,884,626\"},{\"bbox\":[2027.3,1455.6,2195.6,1501.6],\"lines\":[{\"bbox\":[2027.3,1455.6,2195.6,1501.6],\"text\":\"9,417,043\"}],\"order\":29,\"text\":\"9,417,043\"},{\"bbox\":[288.7,1525.9,1889.7,1639.2],\"lines\":[{\"bbox\":[288.7,1525.9,1889.7,1639.2],\"text\":\"The following table sets forth information regarding options outstanding at December 31, 2005:\"}],\"order\":30,\"text\":\"The following table sets forth information regarding options outstanding at December 31, 2005:\"},{\"bbox\":[283.2,1692.0,465.4,1797.0],\"lines\":[{\"bbox\":[286.3,1692.0,465.4,1730.4],\"text\":\"Outstanding\"},{\"bbox\":[296.2,1725.8,452.1,1763.2],\"text\":\"Number of\"},{\"bbox\":[315.4,1760.1,429.7,1795.5],\"text\":\"Options\"}],\"order\":31,\"text\":\"Outstanding\\nNumber of\\nOptions\"},{\"bbox\":[571.8,1655.6,1191.3,1831.0],\"lines\":[{\"bbox\":[770.6,1664.7,1070.6,1708.8],\"text\":\"Options Outstanding\"},{\"bbox\":[995.5,1725.3,1133.8,1761.9],\"text\":\"Weighted\"},{\"bbox\":[573.4,1738.8,830.1,1780.9],\"text\":\"Range of Exercise\"},{\"bbox\":[939.0,1756.0,1187.4,1797.7],\"text\":\"Average Exercise\"},{\"bbox\":[587.4,1772.9,812.5,1813.5],\"text\":\"Price Per Share\"},{\"bbox\":[948.9,1789.9,1174.0,1830.5],\"text\":\"Price Per Share\"}],\"order\":32,\"text\":\"Options Outstanding\\nWeighted\\nRange of Exercise\\nAverage Exercise\\nPrice Per Share\\nPrice Per Share\"},{\"bbox\":[274.6,1820.1,464.0,2315.5],\"lines\":[{\"bbox\":[295.7,1820.1,464.0,1866.0],\"text\":\"1,837,742\"},{\"bbox\":[293.4,1870.0,461.7,1916.0],\"text\":\"2,132,568\"},{\"bbox\":[291.1,1920.0,459.3,1965.9],\"text\":\"2,036,754\"},{\"bbox\":[288.7,1969.9,457.0,2015.9],\"text\":\"2,059,220\"},{\"bbox\":[286.4,2019.8,454.6,2065.8],\"text\":\"2,060,471\"},{\"bbox\":[284.0,2069.8,452.3,2115.7],\"text\":\"2,409,722\"},{\"bbox\":[281.7,2119.7,449.9,2165.7],\"text\":\"2,788,775\"},{\"bbox\":[279.3,2169.7,447.6,2215.6],\"text\":\"3,207,120\"},{\"bbox\":[277.0,2219.6,445.2,2265.6],\"text\":\"1,861,715\"},{\"bbox\":[347.4,2273.0,442.9,2315.5],\"text\":\"8,940\"}],\"order\":33,\"text\":\"1,837,742\\n2,132,568\\n2,036,754\\n2,059,220\\n2,060,471\\n2,409,722\\n2,788,775\\n3,207,120\\n1,861,715\\n8,940\"},{\"bbox\":[539.7,1832.5,833.2,2332.9],\"lines\":[{\"bbox\":[560.9,1832.5,833.2,1883.4],\"text\":\"$ 0.75—$ 3.15\"},{\"bbox\":[600.1,1884.4,830.9,1933.3],\"text\":\"3.66— 5.98\"},{\"bbox\":[597.8,1934.4,828.5,1983.3],\"text\":\"6.82— 10.50\"},{\"bbox\":[574.6,1983.3,826.2,2033.2],\"text\":\"10.68— 10.74\"},{\"bbox\":[572.3,2033.3,823.8,2083.2],\"text\":\"10.83— 13.00\"},{\"bbox\":[569.9,2083.2,821.5,2133.1],\"text\":\"13.09— 18.15\"},{\"bbox\":[567.6,2133.2,819.1,2183.1],\"text\":\"18.16— 18.60\"},{\"bbox\":[565.2,2183.1,816.8,2233.0],\"text\":\"18.67— 22.20\"},{\"bbox\":[562.9,2233.1,814.4,2282.9],\"text\":\"22.55— 30.63\"},{\"bbox\":[560.5,2283.0,812.1,2332.9],\"text\":\"30.69— 48.88\"}],\"order\":34,\"text\":\"$ 0.75—$ 3.15\\n3.66— 5.98\\n6.82— 10.50\\n10.68— 10.74\\n10.83— 13.00\\n13.09— 18.15\\n18.16— 18.60\\n18.67— 22.20\\n22.55— 30.63\\n30.69— 48.88\"},{\"bbox\":[979.2,1853.2,1116.6,2346.2],\"lines\":[{\"bbox\":[1000.4,1853.2,1116.6,1896.7],\"text\":\"$ 2.42\"},{\"bbox\":[1039.7,1905.1,1114.3,1946.7],\"text\":\"4.56\"},{\"bbox\":[1016.5,1954.1,1111.9,1996.6],\"text\":\"10.26\"},{\"bbox\":[1014.2,2004.0,1109.6,2046.6],\"text\":\"10.68\"},{\"bbox\":[1011.8,2054.0,1107.2,2096.5],\"text\":\"12.20\"},{\"bbox\":[1009.5,2103.9,1104.9,2146.4],\"text\":\"17.49\"},{\"bbox\":[1007.1,2153.9,1102.5,2196.4],\"text\":\"18.60\"},{\"bbox\":[1004.8,2203.8,1100.2,2246.3],\"text\":\"21.88\"},{\"bbox\":[1002.4,2253.7,1097.8,2296.3],\"text\":\"26.10\"},{\"bbox\":[1000.1,2303.7,1095.5,2346.2],\"text\":\"40.02\"}],\"order\":35,\"text\":\"$ 2.42\\n4.56\\n10.26\\n10.68\\n12.20\\n17.49\\n18.60\\n21.88\\n26.10\\n40.02\"},{\"bbox\":[1358.0,1871.0,1453.8,2362.1],\"lines\":[{\"bbox\":[1379.1,1871.0,1453.8,1912.6],\"text\":\"6.78\"},{\"bbox\":[1376.8,1921.0,1451.4,1962.5],\"text\":\"2.69\"},{\"bbox\":[1374.4,1970.9,1449.1,2012.5],\"text\":\"5.52\"},{\"bbox\":[1372.1,2020.9,1446.7,2062.4],\"text\":\"6.86\"},{\"bbox\":[1369.7,2070.8,1444.4,2112.4],\"text\":\"5.89\"},{\"bbox\":[1367.4,2120.7,1442.0,2162.3],\"text\":\"7.20\"},{\"bbox\":[1365.0,2170.7,1439.7,2212.2],\"text\":\"9.16\"},{\"bbox\":[1362.7,2220.6,1437.3,2262.2],\"text\":\"7.50\"},{\"bbox\":[1360.3,2270.6,1435.0,2312.1],\"text\":\"4.34\"},{\"bbox\":[1358.0,2320.5,1432.6,2362.1],\"text\":\"4.57\"}],\"order\":36,\"text\":\"6.78\\n2.69\\n5.52\\n6.86\\n5.89\\n7.20\\n9.16\\n7.50\\n4.34\\n4.57\"},{\"bbox\":[1627.9,1883.7,1817.3,2379.2],\"lines\":[{\"bbox\":[1680.3,1885.2,1817.3,1929.7],\"text\":\"958,356\"},{\"bbox\":[1646.7,1933.7,1815.0,1979.6],\"text\":\"1,865,604\"},{\"bbox\":[1644.4,1983.6,1812.6,2029.6],\"text\":\"1,341,948\"},{\"bbox\":[1673.2,2035.0,1810.3,2079.5],\"text\":\"545,891\"},{\"bbox\":[1639.7,2083.5,1807.9,2129.5],\"text\":\"1,604,804\"},{\"bbox\":[1668.5,2134.9,1805.6,2179.4],\"text\":\"402,665\"},{\"bbox\":[1707.8,2186.8,1803.2,2229.3],\"text\":\"8,600\"},{\"bbox\":[1663.8,2234.8,1800.9,2279.3],\"text\":\"954,620\"},{\"bbox\":[1630.3,2283.3,1798.5,2329.2],\"text\":\"1,725,615\"},{\"bbox\":[1700.7,2336.6,1796.2,2379.2],\"text\":\"8,940\"}],\"order\":37,\"text\":\"958,356\\n1,865,604\\n1,341,948\\n545,891\\n1,604,804\\n402,665\\n8,600\\n954,620\\n1,725,615\\n8,940\"},{\"bbox\":[1966.5,1899.6,2103.9,2392.7],\"lines\":[{\"bbox\":[1987.6,1899.6,2103.9,1943.2],\"text\":\"$ 2.49\"},{\"bbox\":[2026.9,1951.5,2101.5,1993.1],\"text\":\"4.52\"},{\"bbox\":[2003.7,2000.5,2099.2,2043.0],\"text\":\"10.18\"},{\"bbox\":[2001.4,2050.5,2096.8,2093.0],\"text\":\"10.68\"},{\"bbox\":[1999.1,2100.4,2094.5,2142.9],\"text\":\"12.25\"},{\"bbox\":[1996.7,2150.3,2092.1,2192.9],\"text\":\"16.46\"},{\"bbox\":[1994.3,2200.3,2089.8,2242.8],\"text\":\"18.25\"},{\"bbox\":[1992.0,2250.2,2087.4,2292.8],\"text\":\"21.13\"},{\"bbox\":[1989.7,2300.2,2085.1,2342.7],\"text\":\"26.34\"},{\"bbox\":[1987.3,2350.1,2082.7,2392.7],\"text\":\"40.02\"}],\"order\":38,\"text\":\"$ 2.49\\n4.52\\n10.18\\n10.68\\n12.25\\n16.46\\n18.25\\n21.13\\n26.34\\n40.02\"},{\"bbox\":[250.7,2335.2,439.8,2382.1],\"lines\":[{\"bbox\":[250.7,2335.2,439.8,2382.1],\"text\":\"20,403,027\"}],\"order\":39,\"text\":\"20,403,027\"},{\"bbox\":[536.6,2348.6,808.9,2399.5],\"lines\":[{\"bbox\":[536.6,2348.6,808.9,2399.5],\"text\":\"$ 0.75—$48.88\"}],\"order\":40,\"text\":\"$ 0.75—$48.88\"},{\"bbox\":[976.1,2369.3,1092.4,2412.8],\"lines\":[{\"bbox\":[976.1,2369.3,1092.4,2412.8],\"text\":\"$14.48\"}],\"order\":41,\"text\":\"$14.48\"},{\"bbox\":[1354.9,2387.1,1429.5,2428.7],\"lines\":[{\"bbox\":[1354.9,2387.1,1429.5,2428.7],\"text\":\"6.41\"}],\"order\":42,\"text\":\"6.41\"},{\"bbox\":[1624.8,2399.8,1793.1,2445.8],\"lines\":[{\"bbox\":[1624.8,2399.8,1793.1,2445.8],\"text\":\"9,417,043\"}],\"order\":43,\"text\":\"9,417,043\"},{\"bbox\":[1963.4,2415.7,2079.6,2459.3],\"lines\":[{\"bbox\":[1963.4,2415.7,2079.6,2459.3],\"text\":\"$13.03\"}],\"order\":44,\"text\":\"$13.03\"},{\"bbox\":[1287.1,1739.2,1555.0,1848.3],\"lines\":[{\"bbox\":[1290.2,1739.2,1555.0,1781.7],\"text\":\"Weighted Average\"},{\"bbox\":[1309.9,1773.5,1532.2,1814.0],\"text\":\"Remaining Life\"},{\"bbox\":[1366.1,1809.5,1472.9,1844.5],\"text\":\"(Years)\"}],\"order\":45,\"text\":\"Weighted Average\\nRemaining Life\\n(Years)\"},{\"bbox\":[1653.3,1706.5,2178.5,1877.5],\"lines\":[{\"bbox\":[1775.1,1711.9,2062.1,1755.5],\"text\":\"Options Exercisable\"},{\"bbox\":[1982.8,1771.7,2121.1,1808.3],\"text\":\"Weighted\"},{\"bbox\":[1680.7,1790.9,1795.0,1826.3],\"text\":\"Options\"},{\"bbox\":[1926.3,1802.5,2174.6,1844.2],\"text\":\"Average Exercise\"},{\"bbox\":[1653.3,1823.0,1819.4,1860.8],\"text\":\"Exercisable\"},{\"bbox\":[1936.1,1836.3,2161.3,1876.9],\"text\":\"Price Per Share\"}],\"order\":46,\"text\":\"Options Exercisable\\nWeighted\\nOptions\\nAverage Exercise\\nExercisable\\nPrice Per Share\"},{\"bbox\":[229.4,2486.9,2140.9,2913.8],\"lines\":[{\"bbox\":[243.5,2486.9,2138.0,2614.0],\"text\":\"Pro Forma Disclosure—The Company has adopted the disclosure-only provisions of SFAS No. 123, as amended\"},{\"bbox\":[241.2,2536.8,2123.5,2663.4],\"text\":\"by SFAS No. 148, and has presented such disclosure in note 1. The “fair value” of each option grant is estimated\"},{\"bbox\":[238.8,2586.8,2078.8,2711.4],\"text\":\"on the date of grant using the Black-Scholes option pricing model. During the year ended December 31, 2005,\"},{\"bbox\":[236.5,2636.7,2085.3,2761.7],\"text\":\"the Company reevaluated the assumptions used to estimate the fair value of stock options issued to employees.\"},{\"bbox\":[234.1,2686.7,2113.2,2813.1],\"text\":\"As a result, the Company lowered its expected volatility assumption for option grants to approximately 30% and\"},{\"bbox\":[231.8,2736.6,2054.1,2860.4],\"text\":\"increased the expected life of option grants to 6.25 years using the simplified method permitted by SEC SAB\"},{\"bbox\":[229.4,2786.6,2126.8,2913.8],\"text\":\"No. 107. (See note 1.) The weighted average fair values of the Company’s options granted during 2005, 2004 and\"}],\"order\":47,\"text\":\"Pro Forma Disclosure—The Company has adopted the disclosure-only provisions of SFAS No. 123, as amended\\nby SFAS No. 148, and has presented such disclosure in note 1. The “fair value” of each option grant is estimated\\non the date of grant using the Black-Scholes option pricing model. During the year ended December 31, 2005,\\nthe Company reevaluated the assumptions used to estimate the fair value of stock options issued to employees.\\nAs a result, the Company lowered its expected volatility assumption for option grants to approximately 30% and\\nincreased the expected life of option grants to 6.25 years using the simplified method permitted by SEC SAB\\nNo. 107. (See note 1.) The weighted average fair values of the Company’s options granted during 2005, 2004 and\"},{\"bbox\":[1134.3,2930.1,1214.8,2971.9],\"lines\":[{\"bbox\":[1134.3,2930.1,1214.8,2971.9],\"text\":\"F-44\"}],\"order\":48,\"text\":\"F-44\"}],\"doc\":\"fintabnet:AMT_2005\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nThe following table summarizes the Company’s option activity for the periods presented:\\n\\nOptions\\n\\nWeighted Average\\nExercise Price\\n\\nOptions\\nExercisable\\n\\nOutstanding as of January 1, 2003 . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n22,114,976\\n\\n$11.60\\n\\n10,190,819\\n\\nGranted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,724,300\\n(1,345,322)\\n(4,068,233)\\n\\n10.23\\n4.97\\n18.74\\n\\nOutstanding as of December 31, 2003 . . . . . . . . . . . . . . . . . . . . . . .\\n\\n18,425,721\\n\\n10.24\\n\\nGranted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n5,288,399\\n(6,249,324)\\n(2,451,656)\\n\\n11.25\\n6.41\\n13.36\\n\\nOutstanding as of December 31, 2004 . . . . . . . . . . . . . . . . . . . . . . .\\n\\n15,013,140\\n\\n11.54\\n\\nGranted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n7,380,054\\nOptions assumed in merger with SpectraSite, Inc. . . . . . . . . . . . . . .\\n9,878,295\\nExercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11,106,693)\\nCancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(761,769)\\n\\n19.74\\n5.54\\n5.70\\n16.45\\n\\nOutstanding as of December 31, 2005 . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$14.48\\n\\n20,403,027\\n\\n10,934,485\\n\\n7,884,626\\n\\n9,417,043\\n\\nThe following table sets forth information regarding options outstanding at December 31, 2005:\\n\\nOutstanding\\nNumber of\\nOptions\\n\\nOptions Outstanding\\nWeighted\\nRange of Exercise\\nAverage Exercise\\nPrice Per Share\\nPrice Per Share\\n\\n1,837,742\\n2,132,568\\n2,036,754\\n2,059,220\\n2,060,471\\n2,409,722\\n2,788,775\\n3,207,120\\n1,861,715\\n8,940\\n\\n$ 0.75—$ 3.15\\n3.66— 5.98\\n6.82— 10.50\\n10.68— 10.74\\n10.83— 13.00\\n13.09— 18.15\\n18.16— 18.60\\n18.67— 22.20\\n22.55— 30.63\\n30.69— 48.88\\n\\n$ 2.42\\n4.56\\n10.26\\n10.68\\n12.20\\n17.49\\n18.60\\n21.88\\n26.10\\n40.02\\n\\n6.78\\n2.69\\n5.52\\n6.86\\n5.89\\n7.20\\n9.16\\n7.50\\n4.34\\n4.57\\n\\n958,356\\n1,865,604\\n1,341,948\\n545,891\\n1,604,804\\n402,665\\n8,600\\n954,620\\n1,725,615\\n8,940\\n\\n$ 2.49\\n4.52\\n10.18\\n10.68\\n12.25\\n16.46\\n18.25\\n21.13\\n26.34\\n40.02\\n\\n20,403,027\\n\\n$ 0.75—$48.88\\n\\n$14.48\\n\\n6.41\\n\\n9,417,043\\n\\n$13.03\\n\\nWeighted Average\\nRemaining Life\\n(Years)\\n\\nOptions Exercisable\\nWeighted\\nOptions\\nAverage Exercise\\nExercisable\\nPrice Per Share\\n\\nPro Forma Disclosure—The Company has adopted the disclosure-only provisions of SFAS No. 123, as amended\\nby SFAS No. 148, and has presented such disclosure in note 1. The “fair value” of each option grant is estimated\\non the date of grant using the Black-Scholes option pricing model. During the year ended December 31, 2005,\\nthe Company reevaluated the assumptions used to estimate the fair value of stock options issued to employees.\\nAs a result, the Company lowered its expected volatility assumption for option grants to approximately 30% and\\nincreased the expected life of option grants to 6.25 years using the simplified method permitted by SEC SAB\\nNo. 107. (See note 1.) The weighted average fair values of the Company’s options granted during 2005, 2004 and\\n\\nF-44\",\"name\":\"fintabnet.AMT_2005_page_108__300dpi_heavy\",\"page_id\":\"fintabnet.AMT_2005_page_108\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.693,\"source\":\"fintabnet\",\"source_id\":\"AMT_2005_page_108\",\"stack\":[{\"deg\":-2.693,\"op\":\"skew\"},{\"amp\":0.324,\"angle\":174.0,\"blob\":0.766,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":6.705,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":12.439},{\"gain\":0.523,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":0.023,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[250.7,1634.1,2178.9,2462.4],\"block_orders\":[31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46],\"cells\":null}],\"text\":\"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nThe following table summarizes the Company’s option activity for the periods presented:\\n\\nOptions\\n\\nWeighted Average\\nExercise Price\\n\\nOptions\\nExercisable\\n\\nOutstanding as of January 1, 2003 . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n22,114,976\\n\\n$11.60\\n\\n10,190,819\\n\\nGranted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,724,300\\n(1,345,322)\\n(4,068,233)\\n\\n10.23\\n4.97\\n18.74\\n\\nOutstanding as of December 31, 2003 . . . . . . . . . . . . . . . . . . . . . . .\\n\\n18,425,721\\n\\n10.24\\n\\nGranted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n5,288,399\\n(6,249,324)\\n(2,451,656)\\n\\n11.25\\n6.41\\n13.36\\n\\nOutstanding as of December 31, 2004 . . . . . . . . . . . . . . . . . . . . . . .\\n\\n15,013,140\\n\\n11.54\\n\\nGranted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n7,380,054\\nOptions assumed in merger with SpectraSite, Inc. . . . . . . . . . . . . . .\\n9,878,295\\nExercised . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (11,106,693)\\nCancelled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(761,769)\\n\\n19.74\\n5.54\\n5.70\\n16.45\\n\\nOutstanding as of December 31, 2005 . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$14.48\\n\\n20,403,027\\n\\n10,934,485\\n\\n7,884,626\\n\\n9,417,043\\n\\nThe following table sets forth information regarding options outstanding at December 31, 2005:\\n\\nOutstanding\\nNumber of\\nOptions\\n\\nOptions Outstanding\\nWeighted\\nRange of Exercise\\nAverage Exercise\\nPrice Per Share\\nPrice Per Share\\n\\n1,837,742\\n2,132,568\\n2,036,754\\n2,059,220\\n2,060,471\\n2,409,722\\n2,788,775\\n3,207,120\\n1,861,715\\n8,940\\n\\n$ 0.75—$ 3.15\\n3.66— 5.98\\n6.82— 10.50\\n10.68— 10.74\\n10.83— 13.00\\n13.09— 18.15\\n18.16— 18.60\\n18.67— 22.20\\n22.55— 30.63\\n30.69— 48.88\\n\\n$ 2.42\\n4.56\\n10.26\\n10.68\\n12.20\\n17.49\\n18.60\\n21.88\\n26.10\\n40.02\\n\\n6.78\\n2.69\\n5.52\\n6.86\\n5.89\\n7.20\\n9.16\\n7.50\\n4.34\\n4.57\\n\\n958,356\\n1,865,604\\n1,341,948\\n545,891\\n1,604,804\\n402,665\\n8,600\\n954,620\\n1,725,615\\n8,940\\n\\n$ 2.49\\n4.52\\n10.18\\n10.68\\n12.25\\n16.46\\n18.25\\n21.13\\n26.34\\n40.02\\n\\n20,403,027\\n\\n$ 0.75—$48.88\\n\\n$14.48\\n\\n6.41\\n\\n9,417,043\\n\\n$13.03\\n\\nWeighted Average\\nRemaining Life\\n(Years)\\n\\nOptions Exercisable\\nWeighted\\nOptions\\nAverage Exercise\\nExercisable\\nPrice Per Share\\n\\nPro Forma Disclosure—The Company has adopted the disclosure-only provisions of SFAS No. 123, as amended\\nby SFAS No. 148, and has presented such disclosure in note 1. The “fair value” of each option grant is estimated\\non the date of grant using the Black-Scholes option pricing model. During the year ended December 31, 2005,\\nthe Company reevaluated the assumptions used to estimate the fair value of stock options issued to employees.\\nAs a result, the Company lowered its expected volatility assumption for option grants to approximately 30% and\\nincreased the expected life of option grants to 6.25 years using the simplified method permitted by SEC SAB\\nNo. 107. (See note 1.) The weighted average fair values of the Company’s options granted during 2005, 2004 and\\n\\nF-44\"},\"name\":\"fintabnet.AMT_2005_page_108__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":597406,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:AMT_2005\",\"dpi\":300,\"gt_sha256\":\"20dfd85848ef5a2c102ae42c0671fd8ebc93765cec941cbc685f36eb61409cd9\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AMT_2005_page_108__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.AMT_2005_page_108\",\"pdf_sha256\":\"2e0a5658126bd4f20a30bd7a3e7839e9e43ae771b58fa01ca412e05634ad8a47\",\"px\":[2475,3225],\"scan\":{\"render\":\"fc00fe00fe00fc00fc00fe00fe00ff00ff00ff00ff00ff80ffc0fff8ffc0ff80\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"AMT_2005_page_108\",\"src\":{\"file_sha256\":\"98468f675841949fd12fa7307e8edc61c6ef6b2d3688f3df5552c01478b4ff69\",\"render\":\"00000ff00010207c2060206020603c703fdc2f542c542c543ffc3ffc00000000\",\"text\":\"8c6d15b550eae644908af12f6b8e247efd779aefda5a608102fad26930ca9f36\"},\"stack\":[{\"deg\":-2.693,\"op\":\"skew\"},{\"amp\":0.324,\"angle\":174.0,\"blob\":0.766,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":6.705,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":12.439},{\"gain\":0.523,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":0.023,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"2e0a5658126bd4f20a30bd7a3e7839e9e43ae771b58fa01ca412e05634ad8a47\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/2e0a5658126bd4f20a30bd7a3e7839e9e43ae771b58fa01ca412e05634ad8a47.pdf","asset_sha256":"2e0a5658126bd4f20a30bd7a3e7839e9e43ae771b58fa01ca412e05634ad8a47","document_id":"fintabnet:AMT_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMT_2005_page_108\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMT_2005_page_118\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AMT_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[213.8,90.5,592.4,111.2],\"lines\":[{\"bbox\":[213.8,90.5,592.4,111.2],\"text\":\"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\"},{\"bbox\":[177.2,114.6,630.0,137.0],\"lines\":[{\"bbox\":[177.2,114.6,630.0,137.0],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"},{\"bbox\":[194.8,148.3,614.6,203.3],\"lines\":[{\"bbox\":[194.8,148.3,613.8,170.0],\"text\":\"CONDENSED CONSOLIDATING STATEMENT OF CASH 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224,524\"},{\"bbox\":[506.8,257.2,552.4,268.4],\"lines\":[{\"bbox\":[506.8,257.2,552.4,268.4],\"text\":\"$ 152,008\"}],\"order\":6,\"text\":\"$ 152,008\"},{\"bbox\":[586.9,255.5,632.5,266.6],\"lines\":[{\"bbox\":[586.9,255.5,632.5,266.6],\"text\":\"$ 127,063\"}],\"order\":7,\"text\":\"$ 127,063\"},{\"bbox\":[453.3,300.2,491.7,325.1],\"lines\":[{\"bbox\":[453.3,300.2,491.4,311.2],\"text\":\"(32,531)\"},{\"bbox\":[459.1,314.1,491.7,325.0],\"text\":\"(2,100)\"}],\"order\":8,\"text\":\"(32,531)\\n(2,100)\"},{\"bbox\":[524.4,298.8,557.3,323.5],\"lines\":[{\"bbox\":[538.3,298.8,557.0,309.3],\"text\":\"(90)\"},{\"bbox\":[524.7,312.7,557.3,323.5],\"text\":\"(7,270)\"}],\"order\":9,\"text\":\"(90)\\n(7,270)\"},{\"bbox\":[598.9,297.0,637.4,321.9],\"lines\":[{\"bbox\":[598.9,297.0,637.1,308.0],\"text\":\"(56,016)\"},{\"bbox\":[604.8,310.9,637.4,321.8],\"text\":\"(5,379)\"}],\"order\":10,\"text\":\"(56,016)\\n(5,379)\"},{\"bbox\":[685.4,295.1,723.9,320.0],\"lines\":[{\"bbox\":[685.4,295.1,723.6,306.1],\"text\":\"(88,637)\"},{\"bbox\":[685.7,309.0,723.9,320.0],\"text\":\"(14,749)\"}],\"order\":11,\"text\":\"(88,637)\\n(14,749)\"},{\"bbox\":[603.5,338.8,634.3,349.6],\"lines\":[{\"bbox\":[603.5,338.8,634.3,349.6],\"text\":\"39,045\"}],\"order\":12,\"text\":\"39,045\"},{\"bbox\":[690.0,336.9,720.8,347.7],\"lines\":[{\"bbox\":[690.0,336.9,720.8,347.7],\"text\":\"16,696\"}],\"order\":13,\"text\":\"16,696\"},{\"bbox\":[387.9,226.7,420.2,237.5],\"lines\":[{\"bbox\":[387.9,226.7,420.2,237.5],\"text\":\"Parent\"}],\"order\":14,\"text\":\"Parent\"},{\"bbox\":[89.6,247.3,371.1,402.4],\"lines\":[{\"bbox\":[89.6,247.3,366.7,263.5],\"text\":\"CASH FLOWS (USED FOR) PROVIDED BY OPERATING\"},{\"bbox\":[101.0,261.2,368.4,277.2],\"text\":\"ACTIVITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[90.2,275.6,346.0,291.3],\"text\":\"CASH FLOWS USED FOR INVESTING ACTIVITIES:\"},{\"bbox\":[112.7,289.3,353.5,304.7],\"text\":\"Payments for purchase of property and equipment and\"},{\"bbox\":[124.1,302.8,369.3,318.3],\"text\":\"construction activities . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[113.3,316.7,369.6,332.5],\"text\":\"Payments for acquisitions . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[113.6,331.7,319.8,346.4],\"text\":\"Cash acquired from SpectraSite merger, net of\"},{\"bbox\":[125.0,344.5,370.2,360.0],\"text\":\"transaction costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[114.2,358.7,355.6,374.1],\"text\":\"Proceeds from sales of businesses and other 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43,973\"},{\"bbox\":[408.9,977.4,435.5,990.7],\"lines\":[{\"bbox\":[408.9,977.4,435.5,990.7],\"text\":\"F-54\"}],\"order\":59,\"text\":\"F-54\"},{\"bbox\":[514.9,633.0,520.7,643.3],\"lines\":[{\"bbox\":[514.9,633.0,520.7,643.3],\"text\":\"$\"}],\"order\":60,\"text\":\"$\"},{\"bbox\":[543.2,612.7,560.1,623.2],\"lines\":[{\"bbox\":[543.2,612.7,560.1,623.2],\"text\":\"307\"}],\"order\":61,\"text\":\"307\"},{\"bbox\":[609.4,610.9,640.2,621.8],\"lines\":[{\"bbox\":[609.4,610.9,640.2,621.8],\"text\":\"15,593\"}],\"order\":62,\"text\":\"15,593\"},{\"bbox\":[543.6,632.1,560.5,642.6],\"lines\":[{\"bbox\":[543.6,632.1,560.5,642.6],\"text\":\"110\"}],\"order\":63,\"text\":\"110\"},{\"bbox\":[595.1,630.4,640.6,641.5],\"lines\":[{\"bbox\":[595.1,630.4,640.6,641.5],\"text\":\"$ 33,608\"}],\"order\":64,\"text\":\"$ 33,608\"},{\"bbox\":[675.7,486.8,728.4,525.8],\"lines\":[{\"bbox\":[675.7,486.8,727.8,498.1],\"text\":\"(1,949,444)\"},{\"bbox\":[689.9,500.7,728.1,511.7],\"text\":\"(68,927)\"},{\"bbox\":[695.8,514.5,728.4,525.4],\"text\":\"(9,512)\"}],\"order\":65,\"text\":\"(1,949,444)\\n(68,927)\\n(9,512)\"},{\"bbox\":[690.4,609.0,726.7,620.0],\"lines\":[{\"bbox\":[690.4,609.0,726.7,620.0],\"text\":\"215,557\"}],\"order\":66,\"text\":\"215,557\"},{\"bbox\":[673.2,629.5,679.0,639.8],\"lines\":[{\"bbox\":[673.2,629.5,679.0,639.8],\"text\":\"$\"}],\"order\":67,\"text\":\"$\"},{\"bbox\":[690.8,628.5,727.1,639.4],\"lines\":[{\"bbox\":[690.8,628.5,727.1,639.4],\"text\":\"112,701\"}],\"order\":68,\"text\":\"112,701\"}],\"doc\":\"fintabnet:AMT_2005\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nCONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS\\nFOR THE YEAR ENDED DECEMBER 31, 2005\\n(In thousands)\\n\\nGuarantor\\nSubsidiaries\\n\\nNon-Guarantor\\nSubsidiaries\\n\\n$(106,391) $ 224,524\\n\\n$ 152,008\\n\\n$ 127,063\\n\\n(32,531)\\n(2,100)\\n\\n(90)\\n(7,270)\\n\\n(56,016)\\n(5,379)\\n\\n(88,637)\\n(14,749)\\n\\n39,045\\n\\n16,696\\n\\nParent\\n\\nCASH FLOWS (USED FOR) PROVIDED BY OPERATING\\nACTIVITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCASH FLOWS USED FOR INVESTING ACTIVITIES:\\nPayments for purchase of property and equipment and\\nconstruction activities . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPayments for acquisitions . . . . . . . . . . . . . . . . . . . . . . . . .\\nCash acquired from SpectraSite merger, net of\\ntransaction costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProceeds from sales of businesses and other long-term\\nassets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeposits, investments and other long-term assets . . . . . . .\\n\\nCash used for investing activities . . . . . . . . . . . . . . . . . . .\\n\\nATI\\n\\n(22,349)\\n\\n(22,349)\\n\\nConsolidated\\nTotals\\n\\n$\\n\\n397,204\\n\\n4,830\\n(477)\\n\\n748\\n25\\n\\n1,303\\n(273)\\n\\n6,881\\n(725)\\n\\n(30,278)\\n\\n(6,587)\\n\\n(21,320)\\n\\n(80,534)\\n\\n843,000\\n\\n700,000\\n\\n65,357\\n1,543,000\\n\\n(698,846)\\n\\nCASH FLOWS USED FOR FINANCING ACTIVITIES:\\nNet proceeds from stock options, warrants and stock\\npurchase plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBorrowings under credit facilities . . . . . . . . . . . . . . . . . . .\\nRepayment of notes payable, credit facilities and capital\\nleases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPurchase of Class A common stock . . . . . . . . . . . . . . . . .\\nDeferred financing costs and other financing activities . .\\nInvestment in and advances from (to) subsidiaries . . . . . 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CORPORATION AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nCONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS\\nFOR THE YEAR ENDED DECEMBER 31, 2005\\n(In thousands)\\n\\nGuarantor\\nSubsidiaries\\n\\nNon-Guarantor\\nSubsidiaries\\n\\n$(106,391) $ 224,524\\n\\n$ 152,008\\n\\n$ 127,063\\n\\n(32,531)\\n(2,100)\\n\\n(90)\\n(7,270)\\n\\n(56,016)\\n(5,379)\\n\\n(88,637)\\n(14,749)\\n\\n39,045\\n\\n16,696\\n\\nParent\\n\\nCASH FLOWS (USED FOR) PROVIDED BY OPERATING\\nACTIVITIES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCASH FLOWS USED FOR INVESTING ACTIVITIES:\\nPayments for purchase of property and equipment and\\nconstruction activities . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPayments for acquisitions . . . . . . . . . . . . . . . . . . . . . . . . .\\nCash acquired from SpectraSite merger, net of\\ntransaction costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProceeds from sales of businesses and other long-term\\nassets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeposits, investments and other long-term assets . . . . . . .\\n\\nCash used for investing activities . . . . . . . . . . . . . . . . . . .\\n\\nATI\\n\\n(22,349)\\n\\n(22,349)\\n\\nConsolidated\\nTotals\\n\\n$\\n\\n397,204\\n\\n4,830\\n(477)\\n\\n748\\n25\\n\\n1,303\\n(273)\\n\\n6,881\\n(725)\\n\\n(30,278)\\n\\n(6,587)\\n\\n(21,320)\\n\\n(80,534)\\n\\n843,000\\n\\n700,000\\n\\n65,357\\n1,543,000\\n\\n(698,846)\\n\\nCASH FLOWS USED FOR FINANCING ACTIVITIES:\\nNet proceeds from stock options, warrants and stock\\npurchase plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBorrowings under credit facilities . . . . . . . . . . . . . . . . . . .\\nRepayment of notes payable, credit facilities and capital\\nleases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPurchase of Class A common stock . . . . . . . . . . . . . . . . .\\nDeferred financing costs and other financing activities . .\\nInvestment in and advances from (to) subsidiaries . . . . . .\\n\\n(293,253)\\n(68,927)\\n(856)\\n267,946\\n\\n(957,345)\\n\\n(4,808)\\n(37,294)\\n\\n(145,618)\\n\\n(3,848)\\n(85,034)\\n\\nCash used for financing activities . . . . . . . . . . . . . . . . . . .\\n\\n(29,733)\\n\\n(156,447)\\n\\n(145,618)\\n\\n(87,728)\\n\\n(419,526)\\n\\n(158,473)\\n\\n37,799\\n\\n(197)\\n\\n18,015\\n\\n(102,856)\\n\\nNET (DECREASE) INCREASE IN CASH AND CASH\\nEQUIVALENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCASH AND CASH EQUIVALENTS, BEGINNING OF\\nPERIOD . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nCASH AND CASH EQUIVALENTS, END OF PERIOD . . .\\n\\n65,357\\n\\n193,483\\n\\n6,174\\n\\n$ 35,010\\n\\n$ 43,973\\n\\nF-54\\n\\n$\\n\\n307\\n\\n15,593\\n\\n110\\n\\n$ 33,608\\n\\n(1,949,444)\\n(68,927)\\n(9,512)\\n\\n215,557\\n\\n$\\n\\n112,701\"},\"name\":\"fintabnet.AMT_2005_page_118__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":14358,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:AMT_2005\",\"dpi\":100,\"gt_sha256\":\"d17533b110c0f9aadc2a0eef07a0d4191eb8f86acbdfb284c641655045c94899\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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Exhibits are identified according to the number assigned to them in Item 601 of\"},{\"bbox\":[287.5,480.9,2168.9,519.0],\"text\":\"Regulation S-K. Documents that are incorporated by reference are identified by their Exhibit number as set forth\"},{\"bbox\":[287.5,530.9,2098.3,569.0],\"text\":\"in the filing from which they are incorporated by reference. The filings of the Registrant from which various\"},{\"bbox\":[287.5,580.9,2105.6,619.0],\"text\":\"exhibits are incorporated by reference into this annual report are indicated by parenthetical numbering which\"},{\"bbox\":[287.5,630.9,848.4,669.0],\"text\":\"corresponds to the following key:\"}],\"order\":1,\"text\":\"The exhibits below are included, either by being filed herewith or by incorporation by reference, as part of\\nthis annual report on Form 10-K. Exhibits are identified according to the number assigned to them in Item 601 of\\nRegulation S-K. Documents that are incorporated by reference are identified by their Exhibit number as set forth\\nin the filing from which they are incorporated by reference. The filings of the Registrant from which various\\nexhibits are incorporated by reference into this annual report are indicated by parenthetical numbering which\\ncorresponds to the following key:\"},{\"bbox\":[391.7,704.6,440.2,742.8],\"lines\":[{\"bbox\":[391.7,704.6,440.2,742.8],\"text\":\"(1)\"}],\"order\":2,\"text\":\"(1)\"},{\"bbox\":[495.8,704.6,1916.6,742.8],\"lines\":[{\"bbox\":[495.8,704.6,1916.6,742.8],\"text\":\"Registration Statement on Form S-3 (File No. 333-89345) filed on October 20, 1999;\"}],\"order\":3,\"text\":\"Registration Statement on Form S-3 (File No. 333-89345) filed on October 20, 1999;\"},{\"bbox\":[391.7,778.4,440.2,816.5],\"lines\":[{\"bbox\":[391.7,778.4,440.2,816.5],\"text\":\"(2)\"}],\"order\":4,\"text\":\"(2)\"},{\"bbox\":[495.8,778.4,1809.5,816.5],\"lines\":[{\"bbox\":[495.8,778.4,1809.5,816.5],\"text\":\"Current Report on Form 8-K (File No. 001-14195) filed on February 24, 2000;\"}],\"order\":5,\"text\":\"Current Report on Form 8-K (File No. 001-14195) filed on February 24, 2000;\"},{\"bbox\":[391.7,852.1,440.2,890.3],\"lines\":[{\"bbox\":[391.7,852.1,440.2,890.3],\"text\":\"(3)\"}],\"order\":6,\"text\":\"(3)\"},{\"bbox\":[495.8,852.1,1783.9,890.3],\"lines\":[{\"bbox\":[495.8,852.1,1783.9,890.3],\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on March 29, 2000;\"}],\"order\":7,\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on March 29, 2000;\"},{\"bbox\":[391.7,925.9,440.2,964.0],\"lines\":[{\"bbox\":[391.7,925.9,440.2,964.0],\"text\":\"(4)\"}],\"order\":8,\"text\":\"(4)\"},{\"bbox\":[495.8,925.9,1742.2,964.0],\"lines\":[{\"bbox\":[495.8,925.9,1742.2,964.0],\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on April 2, 2001;\"}],\"order\":9,\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on April 2, 2001;\"},{\"bbox\":[391.7,999.6,440.2,1037.8],\"lines\":[{\"bbox\":[391.7,999.6,440.2,1037.8],\"text\":\"(5)\"}],\"order\":10,\"text\":\"(5)\"},{\"bbox\":[495.8,999.6,1780.6,1037.8],\"lines\":[{\"bbox\":[495.8,999.6,1780.6,1037.8],\"text\":\"Quarterly Report on Form 10-Q (File No. 001-14195) filed August 14, 2001;\"}],\"order\":11,\"text\":\"Quarterly Report on Form 10-Q (File No. 001-14195) filed August 14, 2001;\"},{\"bbox\":[391.7,1073.4,440.2,1111.5],\"lines\":[{\"bbox\":[391.7,1073.4,440.2,1111.5],\"text\":\"(6)\"}],\"order\":12,\"text\":\"(6)\"},{\"bbox\":[495.8,1073.4,1783.9,1111.5],\"lines\":[{\"bbox\":[495.8,1073.4,1783.9,1111.5],\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on March 24, 2003;\"}],\"order\":13,\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on March 24, 2003;\"},{\"bbox\":[391.7,1147.1,440.2,1185.3],\"lines\":[{\"bbox\":[391.7,1147.1,440.2,1185.3],\"text\":\"(7)\"}],\"order\":14,\"text\":\"(7)\"},{\"bbox\":[495.8,1147.1,1916.6,1185.3],\"lines\":[{\"bbox\":[495.8,1147.1,1916.6,1185.3],\"text\":\"Registration Statement on Form S-3 (File No. 333-109489) filed on October 3, 2003;\"}],\"order\":15,\"text\":\"Registration Statement on Form S-3 (File No. 333-109489) filed on October 3, 2003;\"},{\"bbox\":[391.7,1220.9,440.2,1259.0],\"lines\":[{\"bbox\":[391.7,1220.9,440.2,1259.0],\"text\":\"(8)\"}],\"order\":16,\"text\":\"(8)\"},{\"bbox\":[495.8,1220.9,1932.8,1259.0],\"lines\":[{\"bbox\":[495.8,1220.9,1932.8,1259.0],\"text\":\"Registration Statement on Form S-4 (File No. 333-111952) filed on January 15, 2004;\"}],\"order\":17,\"text\":\"Registration Statement on Form S-4 (File No. 333-111952) filed on January 15, 2004;\"},{\"bbox\":[391.7,1294.6,440.2,1332.8],\"lines\":[{\"bbox\":[391.7,1294.6,440.2,1332.8],\"text\":\"(9)\"}],\"order\":18,\"text\":\"(9)\"},{\"bbox\":[495.8,1294.6,1783.9,1332.8],\"lines\":[{\"bbox\":[495.8,1294.6,1783.9,1332.8],\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on March 12, 2004;\"}],\"order\":19,\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on March 12, 2004;\"},{\"bbox\":[391.7,1368.4,1759.7,1406.5],\"lines\":[{\"bbox\":[391.7,1368.4,1759.7,1406.5],\"text\":\"(10) Quarterly Report on Form 10-Q (File No. 001-14195) filed August 9, 2004;\"}],\"order\":20,\"text\":\"(10) Quarterly Report on Form 10-Q (File No. 001-14195) filed August 9, 2004;\"},{\"bbox\":[391.7,1442.1,1981.6,1480.3],\"lines\":[{\"bbox\":[391.7,1442.1,1981.6,1480.3],\"text\":\"(11) Registration Statement on Form S-3 (File No. 333-119162) filed on September 21, 2004;\"}],\"order\":21,\"text\":\"(11) Registration Statement on Form S-3 (File No. 333-119162) filed on September 21, 2004;\"},{\"bbox\":[391.7,1515.9,1772.4,1554.0],\"lines\":[{\"bbox\":[391.7,1515.9,1772.4,1554.0],\"text\":\"(12) Current Report on Form 8-K (File No. 001-14195) filed on October 5, 2004;\"}],\"order\":22,\"text\":\"(12) Current Report on Form 8-K (File No. 001-14195) filed on October 5, 2004;\"},{\"bbox\":[391.7,1589.6,1809.5,1627.8],\"lines\":[{\"bbox\":[391.7,1589.6,1809.5,1627.8],\"text\":\"(13) Current Report on Form 8-K (File No. 001-14195) filed on December 6, 2004;\"}],\"order\":23,\"text\":\"(13) Current Report on Form 8-K (File No. 001-14195) filed on December 6, 2004;\"},{\"bbox\":[391.7,1663.4,1714.5,1701.5],\"lines\":[{\"bbox\":[391.7,1663.4,1714.5,1701.5],\"text\":\"(14) Current Report on Form 8-K (File No. 001-14195) filed on May 5, 2005;\"}],\"order\":24,\"text\":\"(14) Current Report on Form 8-K (File No. 001-14195) filed on May 5, 2005;\"},{\"bbox\":[391.7,1737.1,1879.5,1775.3],\"lines\":[{\"bbox\":[391.7,1737.1,1879.5,1775.3],\"text\":\"(15) Registration Statement on Form S-4 (File No. 333-125328) filed on May 27, 2005;\"}],\"order\":25,\"text\":\"(15) Registration Statement on Form S-4 (File No. 333-125328) filed on May 27, 2005;\"},{\"bbox\":[391.7,1810.9,1863.9,1849.0],\"lines\":[{\"bbox\":[391.7,1810.9,1863.9,1849.0],\"text\":\"(16) Current Report on Form 8-K (File No. 001-14195) filed on October 28, 2005; and\"}],\"order\":26,\"text\":\"(16) Current Report on Form 8-K (File No. 001-14195) filed on October 28, 2005; and\"},{\"bbox\":[391.7,1884.6,1814.2,1922.8],\"lines\":[{\"bbox\":[391.7,1884.6,1814.2,1922.8],\"text\":\"(17) Quarterly Report on Form 10-Q (File No. 001-14195) filed November 9, 2005.\"}],\"order\":27,\"text\":\"(17) Quarterly Report on Form 10-Q (File No. 001-14195) filed November 9, 2005.\"},{\"bbox\":[287.5,1971.3,450.3,2001.4],\"lines\":[{\"bbox\":[287.5,1971.3,450.3,2001.4],\"text\":\"Exhibit No.\"}],\"order\":28,\"text\":\"Exhibit No.\"},{\"bbox\":[1018.3,1971.3,1373.6,2001.4],\"lines\":[{\"bbox\":[1018.3,1971.3,1373.6,2001.4],\"text\":\"Description of Document\"}],\"order\":29,\"text\":\"Description of Document\"},{\"bbox\":[1931.3,1971.3,2155.9,2001.4],\"lines\":[{\"bbox\":[1931.3,1971.3,2155.9,2001.4],\"text\":\"Exhibit File No.\"}],\"order\":30,\"text\":\"Exhibit File No.\"},{\"bbox\":[342.9,2057.1,363.8,2095.3],\"lines\":[{\"bbox\":[342.9,2057.1,363.8,2095.3],\"text\":\"2\"}],\"order\":31,\"text\":\"2\"},{\"bbox\":[533.8,2057.1,1858.3,2145.3],\"lines\":[{\"bbox\":[533.8,2057.1,1816.0,2095.3],\"text\":\"Agreement and Plan of Merger by and among American Tower Corporation,\"},{\"bbox\":[533.8,2107.1,1858.3,2145.3],\"text\":\"Asteroid Merger Sub, LLC and SpectraSite, Inc., dated as of May 3, 2005 . . . .\"}],\"order\":32,\"text\":\"Agreement and Plan of Merger by and among American Tower Corporation,\\nAsteroid Merger Sub, LLC and SpectraSite, Inc., dated as of May 3, 2005 . . . 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Convertible Notes due 2009,\"},{\"bbox\":[533.8,2482.1,1858.3,2520.3],\"text\":\"including the form of 2.25% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":40,\"text\":\"Indenture, dated as of October 4, 1999, by and between the Company and The\\nBank of New York, as Trustee, for the 2.25% Convertible Notes due 2009,\\nincluding the form of 2.25% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1993.3,2482.1,2094.0,2520.3],\"lines\":[{\"bbox\":[1993.3,2482.1,2094.0,2520.3],\"text\":\"4.2(1)\"}],\"order\":41,\"text\":\"4.2(1)\"},{\"bbox\":[533.8,2557.1,1858.3,2695.3],\"lines\":[{\"bbox\":[533.8,2557.1,1799.8,2595.3],\"text\":\"Indenture, dated as of February 15, 2000, by and between the Company and\"},{\"bbox\":[533.8,2607.1,1836.7,2645.3],\"text\":\"The Bank of New York, as Trustee, for the 5.0% Convertible Notes due 2010,\"},{\"bbox\":[533.8,2657.1,1858.3,2695.3],\"text\":\"including the form of 5.0% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":42,\"text\":\"Indenture, dated as of February 15, 2000, by and between the Company and\\nThe Bank of New York, as Trustee, for the 5.0% Convertible Notes due 2010,\\nincluding the form of 5.0% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1993.3,2657.1,2094.0,2695.3],\"lines\":[{\"bbox\":[1993.3,2657.1,2094.0,2695.3],\"text\":\"4.1(2)\"}],\"order\":43,\"text\":\"4.1(2)\"},{\"bbox\":[533.8,2732.1,1858.3,2870.3],\"lines\":[{\"bbox\":[533.8,2732.1,1813.5,2770.3],\"text\":\"Indenture, dated as of August 4, 2003 by and between the Company and The\"},{\"bbox\":[533.8,2782.1,1782.3,2820.3],\"text\":\"Bank of New York, as Trustee, for the 3.25% Convertible Notes due 2010,\"},{\"bbox\":[533.8,2832.1,1858.3,2870.3],\"text\":\"including the form of 3.25% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":44,\"text\":\"Indenture, dated as of August 4, 2003 by and between the Company and The\\nBank of New York, as Trustee, for the 3.25% Convertible Notes due 2010,\\nincluding the form of 3.25% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1993.3,2832.1,2094.0,2870.3],\"lines\":[{\"bbox\":[1993.3,2832.1,2094.0,2870.3],\"text\":\"4.3(7)\"}],\"order\":45,\"text\":\"4.3(7)\"},{\"bbox\":[342.9,2182.1,395.0,2220.3],\"lines\":[{\"bbox\":[342.9,2182.1,395.0,2220.3],\"text\":\"3.1\"}],\"order\":46,\"text\":\"3.1\"},{\"bbox\":[342.9,2557.1,395.0,2595.3],\"lines\":[{\"bbox\":[342.9,2557.1,395.0,2595.3],\"text\":\"4.2\"}],\"order\":47,\"text\":\"4.2\"},{\"bbox\":[342.9,2732.1,395.0,2770.3],\"lines\":[{\"bbox\":[342.9,2732.1,395.0,2770.3],\"text\":\"4.3\"}],\"order\":48,\"text\":\"4.3\"},{\"bbox\":[1192.3,2933.4,1282.5,2971.5],\"lines\":[{\"bbox\":[1192.3,2933.4,1282.5,2971.5],\"text\":\"EX-1\"}],\"order\":49,\"text\":\"EX-1\"}],\"doc\":\"fintabnet:AMT_2005\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"INDEX TO EXHIBITS\\n\\nThe exhibits below are included, either by being filed herewith or by incorporation by reference, as part of\\nthis annual report on Form 10-K. Exhibits are identified according to the number assigned to them in Item 601 of\\nRegulation S-K. Documents that are incorporated by reference are identified by their Exhibit number as set forth\\nin the filing from which they are incorporated by reference. The filings of the Registrant from which various\\nexhibits are incorporated by reference into this annual report are indicated by parenthetical numbering which\\ncorresponds to the following key:\\n\\n(1)\\n\\nRegistration Statement on Form S-3 (File No. 333-89345) filed on October 20, 1999;\\n\\n(2)\\n\\nCurrent Report on Form 8-K (File No. 001-14195) filed on February 24, 2000;\\n\\n(3)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 29, 2000;\\n\\n(4)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on April 2, 2001;\\n\\n(5)\\n\\nQuarterly Report on Form 10-Q (File No. 001-14195) filed August 14, 2001;\\n\\n(6)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 24, 2003;\\n\\n(7)\\n\\nRegistration Statement on Form S-3 (File No. 333-109489) filed on October 3, 2003;\\n\\n(8)\\n\\nRegistration Statement on Form S-4 (File No. 333-111952) filed on January 15, 2004;\\n\\n(9)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 12, 2004;\\n\\n(10) Quarterly Report on Form 10-Q (File No. 001-14195) filed August 9, 2004;\\n\\n(11) Registration Statement on Form S-3 (File No. 333-119162) filed on September 21, 2004;\\n\\n(12) Current Report on Form 8-K (File No. 001-14195) filed on October 5, 2004;\\n\\n(13) Current Report on Form 8-K (File No. 001-14195) filed on December 6, 2004;\\n\\n(14) Current Report on Form 8-K (File No. 001-14195) filed on May 5, 2005;\\n\\n(15) Registration Statement on Form S-4 (File No. 333-125328) filed on May 27, 2005;\\n\\n(16) Current Report on Form 8-K (File No. 001-14195) filed on October 28, 2005; and\\n\\n(17) Quarterly Report on Form 10-Q (File No. 001-14195) filed November 9, 2005.\\n\\n|  Exhibit No.  |  Description of Document |  Exhibit File No.  |\\n| --- | --- | --- |\\n| 2 | Agreement and Plan of Merger by and among American Tower Corporation, Asteroid Merger Sub, LLC and SpectraSite, Inc., dated as of May 3, 2005 | 2(14) |\\n| 3.1 | Amended and Restated Certificate of Incorporation of the Company as filed with the Secretary of State of the State of Delaware on August 8, 2005 | Annex E (15) |\\n| 3.2 | By-Laws, as amended November 13, 2003, of the Company | 3.2(9) |\\n| 4.1 | Indenture, dated as of October 4, 1999, by and between the Company and The Bank of New York, as Trustee, for the 2.25% Convertible Notes due 2009, including the form of 2.25% ConvertibleNote | 4.2(1) |\\n| 4.2 | Indenture, dated as of February 15, 2000, by and between the Company and The Bank of New York, as Trustee, for the 5.0% Convertible Notes due 2010, including the form of 5.0% ConvertibleNote | 4.1(2) |\\n| 4.3 | Indenture, dated as of August 4, 2003 by and between the Company and The Bank of New York, as Trustee, for the 3.25% Convertible Notes due 2010, including the form of 3.25% ConvertibleNote | 4.3(7) |\\n\\nEX-1\",\"name\":\"fintabnet.AMT_2005_page_125__300dpi_none\",\"page_id\":\"fintabnet.AMT_2005_page_125\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"AMT_2005_page_125\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[287.5,1963.0,2156.9,2870.3],\"block_orders\":[28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48],\"cells\":[{\"bbox\":[287.5,1968.0,450.3,2001.4],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\" Exhibit No. \"},{\"bbox\":[1018.3,1968.0,1373.6,2001.4],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\" Description of Document\"},{\"bbox\":[1931.3,1968.0,2156.0,2001.4],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\" Exhibit File No. \"},{\"bbox\":[342.9,2053.6,363.8,2095.3],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"2\"},{\"bbox\":[533.8,2053.6,1858.3,2145.3],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"Agreement and Plan of Merger by and among American Tower Corporation, Asteroid Merger Sub, LLC and SpectraSite, Inc., dated as of May 3, 2005\"},{\"bbox\":[1998.5,2103.6,2088.8,2145.3],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2(14)\"},{\"bbox\":[342.9,2178.6,395.0,2220.3],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"3.1\"},{\"bbox\":[533.7,2178.6,1858.3,2270.3],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"Amended and Restated Certificate of Incorporation of the Company as filed with the Secretary of State of the State of Delaware on August 8, 2005\"},{\"bbox\":[1930.2,2228.6,2156.9,2270.3],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"Annex E (15)\"},{\"bbox\":[342.9,2303.6,395.0,2345.3],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"3.2\"},{\"bbox\":[533.7,2303.6,1535.4,2345.3],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"By-Laws, as amended November 13, 2003, of the Company\"},{\"bbox\":[1993.3,2303.6,2094.0,2345.3],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"3.2(9)\"},{\"bbox\":[342.9,2378.6,395.0,2420.3],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"4.1\"},{\"bbox\":[533.7,2378.6,1858.3,2520.3],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"Indenture, dated as of October 4, 1999, by and between the Company and The Bank of New York, as Trustee, for the 2.25% Convertible Notes due 2009, including the form of 2.25% ConvertibleNote\"},{\"bbox\":[1993.3,2478.6,2094.0,2520.3],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"4.2(1)\"},{\"bbox\":[342.9,2553.6,395.0,2595.3],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"4.2\"},{\"bbox\":[533.7,2553.6,1858.3,2695.3],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"Indenture, dated as of February 15, 2000, by and between the Company and The Bank of New York, as Trustee, for the 5.0% Convertible Notes due 2010, including the form of 5.0% ConvertibleNote\"},{\"bbox\":[1993.3,2653.6,2094.0,2695.3],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"4.1(2)\"},{\"bbox\":[342.9,2728.6,395.0,2770.3],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"4.3\"},{\"bbox\":[533.7,2728.6,1858.3,2870.3],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"Indenture, dated as of August 4, 2003 by and between the Company and The Bank of New York, as Trustee, for the 3.25% Convertible Notes due 2010, including the form of 3.25% ConvertibleNote\"},{\"bbox\":[1993.3,2828.6,2094.0,2870.3],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"4.3(7)\"}]}],\"text\":\"INDEX TO EXHIBITS\\n\\nThe exhibits below are included, either by being filed herewith or by incorporation by reference, as part of\\nthis annual report on Form 10-K. Exhibits are identified according to the number assigned to them in Item 601 of\\nRegulation S-K. Documents that are incorporated by reference are identified by their Exhibit number as set forth\\nin the filing from which they are incorporated by reference. The filings of the Registrant from which various\\nexhibits are incorporated by reference into this annual report are indicated by parenthetical numbering which\\ncorresponds to the following key:\\n\\n(1)\\n\\nRegistration Statement on Form S-3 (File No. 333-89345) filed on October 20, 1999;\\n\\n(2)\\n\\nCurrent Report on Form 8-K (File No. 001-14195) filed on February 24, 2000;\\n\\n(3)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 29, 2000;\\n\\n(4)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on April 2, 2001;\\n\\n(5)\\n\\nQuarterly Report on Form 10-Q (File No. 001-14195) filed August 14, 2001;\\n\\n(6)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 24, 2003;\\n\\n(7)\\n\\nRegistration Statement on Form S-3 (File No. 333-109489) filed on October 3, 2003;\\n\\n(8)\\n\\nRegistration Statement on Form S-4 (File No. 333-111952) filed on January 15, 2004;\\n\\n(9)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 12, 2004;\\n\\n(10) Quarterly Report on Form 10-Q (File No. 001-14195) filed August 9, 2004;\\n\\n(11) Registration Statement on Form S-3 (File No. 333-119162) filed on September 21, 2004;\\n\\n(12) Current Report on Form 8-K (File No. 001-14195) filed on October 5, 2004;\\n\\n(13) Current Report on Form 8-K (File No. 001-14195) filed on December 6, 2004;\\n\\n(14) Current Report on Form 8-K (File No. 001-14195) filed on May 5, 2005;\\n\\n(15) Registration Statement on Form S-4 (File No. 333-125328) filed on May 27, 2005;\\n\\n(16) Current Report on Form 8-K (File No. 001-14195) filed on October 28, 2005; and\\n\\n(17) Quarterly Report on Form 10-Q (File No. 001-14195) filed November 9, 2005.\\n\\nExhibit No.\\n\\nDescription of Document\\n\\nExhibit File No.\\n\\n2\\n\\nAgreement and Plan of Merger by and among American Tower Corporation,\\nAsteroid Merger Sub, LLC and SpectraSite, Inc., dated as of May 3, 2005 . . . .\\n\\n2(14)\\n\\nAmended and Restated Certificate of Incorporation of the Company as filed\\nwith the Secretary of State of the State of Delaware on August 8, 2005 . . . . . . .\\n\\nAnnex E (15)\\n\\n3.2\\n\\nBy-Laws, as amended November 13, 2003, of the Company . . . . . . . . . . . . . . .\\n\\n3.2(9)\\n\\n4.1\\n\\nIndenture, dated as of October 4, 1999, by and between the Company and The\\nBank of New York, as Trustee, for the 2.25% Convertible Notes due 2009,\\nincluding the form of 2.25% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n4.2(1)\\n\\nIndenture, dated as of February 15, 2000, by and between the Company and\\nThe Bank of New York, as Trustee, for the 5.0% Convertible Notes due 2010,\\nincluding the form of 5.0% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n4.1(2)\\n\\nIndenture, dated as of August 4, 2003 by and between the Company and The\\nBank of New York, as Trustee, for the 3.25% Convertible Notes due 2010,\\nincluding the form of 3.25% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n4.3(7)\\n\\n3.1\\n\\n4.2\\n\\n4.3\\n\\nEX-1\"},\"name\":\"fintabnet.AMT_2005_page_125__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":395964,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:AMT_2005\",\"dpi\":300,\"gt_sha256\":\"f901844d4e655613fc7f1b4e15213632cc87ef63ef74744b260c565c7e19d151\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMT_2005_page_95\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AMT_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[407.3,172.8,1164.7,231.9],\"lines\":[{\"bbox\":[407.3,172.8,1164.7,231.9],\"text\":\"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\"},{\"bbox\":[335.4,219.4,1240.9,285.2],\"lines\":[{\"bbox\":[335.4,219.4,1240.9,285.2],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"},{\"bbox\":[157.8,279.4,1392.5,393.5],\"lines\":[{\"bbox\":[157.8,279.4,1391.0,360.2],\"text\":\"As of December 31, 2005, the carrying amounts 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.\"},{\"bbox\":[633.9,464.4,746.6,661.0],\"lines\":[{\"bbox\":[633.9,464.4,739.1,494.5],\"text\":\"$300,000\"},{\"bbox\":[649.2,497.7,740.6,527.2],\"text\":\"300,000\"},{\"bbox\":[650.7,531.0,742.1,560.5],\"text\":\"150,000\"},{\"bbox\":[652.2,564.3,743.6,593.8],\"text\":\"350,000\"},{\"bbox\":[653.7,597.6,745.1,627.1],\"text\":\"175,000\"},{\"bbox\":[669.1,630.9,746.6,659.8],\"text\":\"25,000\"}],\"order\":8,\"text\":\"$300,000\\n300,000\\n150,000\\n350,000\\n175,000\\n25,000\"},{\"bbox\":[779.6,455.7,940.8,654.5],\"lines\":[{\"bbox\":[820.1,457.5,892.9,486.2],\"text\":\"3.88%\"},{\"bbox\":[821.6,490.8,894.4,519.5],\"text\":\"4.75%\"},{\"bbox\":[782.5,522.3,936.3,554.6],\"text\":\"4.88%-4.95%\"},{\"bbox\":[831.5,557.7,890.4,585.7],\"text\":\"6.0%\"},{\"bbox\":[833.0,591.0,891.9,619.0],\"text\":\"7.0%\"},{\"bbox\":[834.5,624.3,893.4,652.3],\"text\":\"8.0%\"}],\"order\":9,\"text\":\"3.88%\\n4.75%\\n4.88%-4.95%\\n6.0%\\n7.0%\\n8.0%\"},{\"bbox\":[973.9,445.4,1170.8,645.7],\"lines\":[{\"bbox\":[973.9,445.4,1163.4,479.2],\"text\":\"Expiring in 2009\"},{\"bbox\":[975.4,478.7,1164.9,512.5],\"text\":\"Expiring in 2010\"},{\"bbox\":[976.9,512.0,1166.4,545.8],\"text\":\"Expiring in 2010\"},{\"bbox\":[978.4,545.3,1167.9,579.1],\"text\":\"Expiring in 2006\"},{\"bbox\":[979.9,578.6,1169.3,612.4],\"text\":\"Expiring in 2006\"},{\"bbox\":[981.4,611.9,1170.8,645.7],\"text\":\"Expiring in 2007\"}],\"order\":10,\"text\":\"Expiring in 2009\\nExpiring in 2010\\nExpiring in 2010\\nExpiring in 2006\\nExpiring in 2006\\nExpiring in 2007\"},{\"bbox\":[1201.0,373.1,1373.7,423.1],\"lines\":[{\"bbox\":[1201.0,373.1,1372.7,400.9],\"text\":\"Carrying Amount\"},{\"bbox\":[1215.9,395.9,1359.9,422.4],\"text\":\"and Fair Value\"}],\"order\":11,\"text\":\"Carrying Amount\\nand Fair Value\"},{\"bbox\":[229.7,681.9,602.9,724.0],\"lines\":[{\"bbox\":[229.7,681.9,602.9,724.0],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":12,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1251.2,437.5,1340.8,533.4],\"lines\":[{\"bbox\":[1251.2,437.9,1328.6,466.8],\"text\":\"$9,679\"},{\"bbox\":[1301.2,471.2,1330.1,497.9],\"text\":\"49\"},{\"bbox\":[1279.5,504.1,1340.8,532.3],\"text\":\"(909)\"}],\"order\":13,\"text\":\"$9,679\\n49\\n(909)\"},{\"bbox\":[1260.6,648.8,1338.1,677.7],\"lines\":[{\"bbox\":[1260.6,648.8,1338.1,677.7],\"text\":\"$8,819\"}],\"order\":14,\"text\":\"$8,819\"},{\"bbox\":[178.0,728.3,1435.4,1009.5],\"lines\":[{\"bbox\":[178.0,729.2,1405.4,809.7],\"text\":\"During the year ended December 31, 2005, the Company recorded a net unrealized loss of approximately $0.8\"},{\"bbox\":[179.5,763.1,1393.9,843.0],\"text\":\"million (net of a tax benefit of approximately $0.4 million) in other comprehensive loss for the change in fair\"},{\"bbox\":[181.0,798.8,1342.6,876.3],\"text\":\"value of interest rate swaps designated as cash flow hedges. No amounts were reclassified into results of\"},{\"bbox\":[182.5,828.6,1422.6,909.6],\"text\":\"operations during the year ended December 31, 2005. During the year ended December 31, 2003, the Company\"},{\"bbox\":[184.0,861.5,1432.4,942.9],\"text\":\"recorded an unrealized loss of approximately $0.3 million (net of a tax benefit of approximately $0.2 million) in\"},{\"bbox\":[185.5,895.0,1428.2,976.2],\"text\":\"other comprehensive loss for the change in fair value of cash flow hedges and reclassified $5.9 million (net of a\"},{\"bbox\":[186.9,950.1,945.7,1009.5],\"text\":\"tax benefit of approximately $3.2 million) into results of operations.\"}],\"order\":15,\"text\":\"During the year ended December 31, 2005, the Company recorded a net unrealized loss of approximately $0.8\\nmillion (net of a tax benefit of approximately $0.4 million) in other comprehensive loss for the change in fair\\nvalue of interest rate swaps designated as cash flow hedges. No amounts were reclassified into results of\\noperations during the year ended December 31, 2005. During the year ended December 31, 2003, the Company\\nrecorded an unrealized loss of approximately $0.3 million (net of a tax benefit of approximately $0.2 million) in\\nother comprehensive loss for the change in fair value of cash flow hedges and reclassified $5.9 million (net of a\\ntax benefit of approximately $3.2 million) into results of operations.\"},{\"bbox\":[190.7,1066.4,212.6,1092.5],\"lines\":[{\"bbox\":[190.7,1066.4,212.6,1092.5],\"text\":\"9.\"}],\"order\":16,\"text\":\"9.\"},{\"bbox\":[239.2,1041.3,772.0,1090.3],\"lines\":[{\"bbox\":[239.2,1041.3,772.0,1090.3],\"text\":\"COMMITMENTS AND CONTINGENCIES\"}],\"order\":17,\"text\":\"COMMITMENTS AND CONTINGENCIES\"},{\"bbox\":[193.7,1077.2,1463.2,1259.3],\"lines\":[{\"bbox\":[193.7,1078.0,1439.8,1159.4],\"text\":\"Lease Obligations—The Company leases certain land, office and tower space under operating leases that expire\"},{\"bbox\":[195.2,1111.5,1438.7,1192.7],\"text\":\"over various terms. Many of the leases contain renewal options with specified increases in lease payments upon\"},{\"bbox\":[196.7,1143.8,1461.7,1226.0],\"text\":\"exercise of the renewal option. Escalation clauses present in operating leases, excluding those tied to CPI or other\"},{\"bbox\":[198.2,1183.0,1330.8,1259.3],\"text\":\"inflation-based indices, are recognized on a straight-line basis over the term of the lease. (See note 1.)\"}],\"order\":18,\"text\":\"Lease Obligations—The Company leases certain land, office and tower space under operating leases that expire\\nover various terms. Many of the leases contain renewal options with specified increases in lease payments upon\\nexercise of the renewal option. Escalation clauses present in operating leases, excluding those tied to CPI or other\\ninflation-based indices, are recognized on a straight-line basis over the term of the lease. (See note 1.)\"},{\"bbox\":[201.2,1243.9,1465.2,1425.8],\"lines\":[{\"bbox\":[201.2,1245.6,1423.8,1325.9],\"text\":\"Future minimum rental payments under non-cancelable operating leases include payments for certain renewal\"},{\"bbox\":[202.7,1278.5,1435.3,1359.2],\"text\":\"periods at the Company’s option because failure to renew could result in a loss of the applicable tower site and\"},{\"bbox\":[204.1,1310.5,1463.7,1392.5],\"text\":\"related revenues from tenant leases, thereby making it reasonably assured that the Company will renew the lease.\"},{\"bbox\":[205.6,1362.0,1061.1,1425.8],\"text\":\"Such payments in effect at December 31, 2005 are as follows (in thousands):\"}],\"order\":19,\"text\":\"Future minimum rental payments under non-cancelable operating leases include payments for certain renewal\\nperiods at the Company’s option because failure to renew could result in a loss of the applicable tower site and\\nrelated revenues from tenant leases, thereby making it reasonably assured that the Company will renew the lease.\\nSuch payments in effect at December 31, 2005 are as follows (in thousands):\"},{\"bbox\":[264.1,1420.1,1262.1,1689.7],\"lines\":[{\"bbox\":[264.1,1450.8,569.1,1489.9],\"text\":\"Year Ending December 31,\"},{\"bbox\":[265.6,1453.4,1254.7,1523.2],\"text\":\"2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[267.1,1486.7,1256.2,1556.5],\"text\":\"2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[268.6,1520.0,1257.7,1589.8],\"text\":\"2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[270.1,1553.3,1259.2,1623.1],\"text\":\"2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[271.6,1586.6,1260.6,1656.4],\"text\":\"2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[273.1,1619.9,1262.1,1689.7],\"text\":\"Thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":20,\"text\":\"Year Ending December 31,\\n2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1295.1,1445.9,1428.6,1643.4],\"lines\":[{\"bbox\":[1295.1,1445.9,1421.2,1477.0],\"text\":\"$ 190,129\"},{\"bbox\":[1331.3,1479.2,1422.7,1508.7],\"text\":\"183,595\"},{\"bbox\":[1332.8,1512.5,1424.2,1542.0],\"text\":\"180,910\"},{\"bbox\":[1334.3,1545.8,1425.7,1575.3],\"text\":\"178,456\"},{\"bbox\":[1335.8,1579.1,1427.1,1608.6],\"text\":\"172,060\"},{\"bbox\":[1316.5,1612.4,1428.6,1642.8],\"text\":\"2,507,444\"}],\"order\":21,\"text\":\"$ 190,129\\n183,595\\n180,910\\n178,456\\n172,060\\n2,507,444\"},{\"bbox\":[275.1,1664.3,1264.1,1734.1],\"lines\":[{\"bbox\":[275.1,1664.3,1264.1,1734.1],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":22,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1304.6,1656.8,1430.6,1687.8],\"lines\":[{\"bbox\":[1304.6,1656.8,1430.6,1687.8],\"text\":\"$3,412,594\"}],\"order\":23,\"text\":\"$3,412,594\"},{\"bbox\":[223.3,1739.4,1451.4,1886.4],\"lines\":[{\"bbox\":[223.3,1739.4,1448.4,1819.8],\"text\":\"Aggregate rent expense (including the effect of straight-line rent expense) under operating leases for the years\"},{\"bbox\":[224.8,1775.2,1395.8,1853.1],\"text\":\"ended December 31, 2005, 2004 and 2003 approximated $168,670,000, $118,741,000, and $113,956,000\"},{\"bbox\":[226.3,1854.7,368.5,1886.4],\"text\":\"respectively.\"}],\"order\":24,\"text\":\"Aggregate rent expense (including the effect of straight-line rent expense) under operating leases for the years\\nended December 31, 2005, 2004 and 2003 approximated $168,670,000, $118,741,000, and $113,956,000\\nrespectively.\"},{\"bbox\":[838.3,1953.5,891.9,1981.3],\"lines\":[{\"bbox\":[838.3,1953.5,891.9,1981.3],\"text\":\"F-31\"}],\"order\":25,\"text\":\"F-31\"}],\"doc\":\"fintabnet:AMT_2005\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nAs of December 31, 2005, the carrying amounts of the Company’s derivative financial instruments, along with\\nthe estimated fair values of the related assets (liabilities), are as follows (in thousands):\\n\\nDerivative\\n\\nNotional\\nAmount\\n\\nInterest Range\\n\\nTerm\\n\\nInterest rate swaps . . . . . . . . . . .\\nInterest rate swaps . . . . . . . . . . .\\nInterest rate swaps . . . . . . . . . . .\\nInterest rate caps . . . . . . . . . . . . .\\nInterest rate cap . . . . . . . . . . . . . .\\nInterest rate cap . . . . . . . . . . . . . .\\n\\n$300,000\\n300,000\\n150,000\\n350,000\\n175,000\\n25,000\\n\\n3.88%\\n4.75%\\n4.88%-4.95%\\n6.0%\\n7.0%\\n8.0%\\n\\nExpiring in 2009\\nExpiring in 2010\\nExpiring in 2010\\nExpiring in 2006\\nExpiring in 2006\\nExpiring in 2007\\n\\nCarrying Amount\\nand Fair Value\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . .\\n\\n$9,679\\n49\\n(909)\\n\\n$8,819\\n\\nDuring the year ended December 31, 2005, the Company recorded a net unrealized loss of approximately $0.8\\nmillion (net of a tax benefit of approximately $0.4 million) in other comprehensive loss for the change in fair\\nvalue of interest rate swaps designated as cash flow hedges. No amounts were reclassified into results of\\noperations during the year ended December 31, 2005. During the year ended December 31, 2003, the Company\\nrecorded an unrealized loss of approximately $0.3 million (net of a tax benefit of approximately $0.2 million) in\\nother comprehensive loss for the change in fair value of cash flow hedges and reclassified $5.9 million (net of a\\ntax benefit of approximately $3.2 million) into results of operations.\\n\\n9.\\n\\nCOMMITMENTS AND CONTINGENCIES\\n\\nLease Obligations—The Company leases certain land, office and tower space under operating leases that expire\\nover various terms. Many of the leases contain renewal options with specified increases in lease payments upon\\nexercise of the renewal option. Escalation clauses present in operating leases, excluding those tied to CPI or other\\ninflation-based indices, are recognized on a straight-line basis over the term of the lease. (See note 1.)\\n\\nFuture minimum rental payments under non-cancelable operating leases include payments for certain renewal\\nperiods at the Company’s option because failure to renew could result in a loss of the applicable tower site and\\nrelated revenues from tenant leases, thereby making it reasonably assured that the Company will renew the lease.\\nSuch payments in effect at December 31, 2005 are as follows (in thousands):\\n\\nYear Ending December 31,\\n2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 190,129\\n183,595\\n180,910\\n178,456\\n172,060\\n2,507,444\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$3,412,594\\n\\nAggregate rent expense (including the effect of straight-line rent expense) under operating leases for the years\\nended December 31, 2005, 2004 and 2003 approximated $168,670,000, $118,741,000, and $113,956,000\\nrespectively.\\n\\nF-31\",\"name\":\"fintabnet.AMT_2005_page_95__200dpi_heavy\",\"page_id\":\"fintabnet.AMT_2005_page_95\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.572,\"source\":\"fintabnet\",\"source_id\":\"AMT_2005_page_95\",\"stack\":[{\"deg\":2.572,\"op\":\"skew\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":5.485,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":17.139},{\"gain\":0.539,\"op\":\"contrast\"},{\"bias\":0.103,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":30}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[217.2,368.0,1385.3,724.0],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14],\"cells\":null},{\"bbox\":[265.4,1440.4,1430.6,1734.1],\"block_orders\":[20,21,22,23],\"cells\":null}],\"text\":\"AMERICAN TOWER CORPORATION AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nAs of December 31, 2005, the carrying amounts of the Company’s derivative financial instruments, along with\\nthe estimated fair values of the related assets (liabilities), are as follows (in thousands):\\n\\nDerivative\\n\\nNotional\\nAmount\\n\\nInterest Range\\n\\nTerm\\n\\nInterest rate swaps . . . . . . . . . . .\\nInterest rate swaps . . . . . . . . . . .\\nInterest rate swaps . . . . . . . . . . .\\nInterest rate caps . . . . . . . . . . . . .\\nInterest rate cap . . . . . . . . . . . . . .\\nInterest rate cap . . . . . . . . . . . . . .\\n\\n$300,000\\n300,000\\n150,000\\n350,000\\n175,000\\n25,000\\n\\n3.88%\\n4.75%\\n4.88%-4.95%\\n6.0%\\n7.0%\\n8.0%\\n\\nExpiring in 2009\\nExpiring in 2010\\nExpiring in 2010\\nExpiring in 2006\\nExpiring in 2006\\nExpiring in 2007\\n\\nCarrying Amount\\nand Fair Value\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . .\\n\\n$9,679\\n49\\n(909)\\n\\n$8,819\\n\\nDuring the year ended December 31, 2005, the Company recorded a net unrealized loss of approximately $0.8\\nmillion (net of a tax benefit of approximately $0.4 million) in other comprehensive loss for the change in fair\\nvalue of interest rate swaps designated as cash flow hedges. No amounts were reclassified into results of\\noperations during the year ended December 31, 2005. During the year ended December 31, 2003, the Company\\nrecorded an unrealized loss of approximately $0.3 million (net of a tax benefit of approximately $0.2 million) in\\nother comprehensive loss for the change in fair value of cash flow hedges and reclassified $5.9 million (net of a\\ntax benefit of approximately $3.2 million) into results of operations.\\n\\n9.\\n\\nCOMMITMENTS AND CONTINGENCIES\\n\\nLease Obligations—The Company leases certain land, office and tower space under operating leases that expire\\nover various terms. Many of the leases contain renewal options with specified increases in lease payments upon\\nexercise of the renewal option. Escalation clauses present in operating leases, excluding those tied to CPI or other\\ninflation-based indices, are recognized on a straight-line basis over the term of the lease. (See note 1.)\\n\\nFuture minimum rental payments under non-cancelable operating leases include payments for certain renewal\\nperiods at the Company’s option because failure to renew could result in a loss of the applicable tower site and\\nrelated revenues from tenant leases, thereby making it reasonably assured that the Company will renew the lease.\\nSuch payments in effect at December 31, 2005 are as follows (in thousands):\\n\\nYear Ending December 31,\\n2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 190,129\\n183,595\\n180,910\\n178,456\\n172,060\\n2,507,444\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$3,412,594\\n\\nAggregate rent expense (including the effect of straight-line rent expense) under operating leases for the years\\nended December 31, 2005, 2004 and 2003 approximated $168,670,000, $118,741,000, and $113,956,000\\nrespectively.\\n\\nF-31\"},\"name\":\"fintabnet.AMT_2005_page_95__200dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":82883,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:AMT_2005\",\"dpi\":200,\"gt_sha256\":\"7f50e1b4fa59f13cd828084d98396af82dab172d39165b60e1133b7e16e46d1c\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AMT_2005_page_95__200dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.AMT_2005_page_95\",\"pdf_sha256\":\"7f72e8692eb5ab19948d3b5d820b13334f8661aa5220e49a96e8da617e0e5986\",\"px\":[1650,2150],\"scan\":{\"render\":\"00000ff03ff833f833f021f83ffc3f003ffc3ffc3fc0300410043ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"AMT_2005_page_95\",\"src\":{\"file_sha256\":\"f626757c23ce6ac544265b913c7f23e2a65748d48332c63db69fb78608d0618e\",\"render\":\"00000ff03fe033fc33b03ffc3ffc3f003ffc3ffc3fc02004200c3ff800000000\",\"text\":\"ed84c0619976c3be6fa86901a05d0fed2060d2b2a9d2c477a66e152d4ea5d5d2\"},\"stack\":[{\"deg\":2.572,\"op\":\"skew\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":5.485,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":17.139},{\"gain\":0.539,\"op\":\"contrast\"},{\"bias\":0.103,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":30}],\"tools\":\"21647cade0ee\"},\"sha256\":\"7f72e8692eb5ab19948d3b5d820b13334f8661aa5220e49a96e8da617e0e5986\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/7f72e8692eb5ab19948d3b5d820b13334f8661aa5220e49a96e8da617e0e5986.pdf","asset_sha256":"7f72e8692eb5ab19948d3b5d820b13334f8661aa5220e49a96e8da617e0e5986","document_id":"fintabnet:AMT_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMT_2005_page_95\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AMT_2006_page_138\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AMT_2006\",\"ground_truth\":{\"blocks\":[{\"bbox\":[268.5,74.9,368.7,87.9],\"lines\":[{\"bbox\":[268.5,74.9,368.7,87.9],\"text\":\"INDEX TO EXHIBITS\"}],\"order\":0,\"text\":\"INDEX TO EXHIBITS\"},{\"bbox\":[87.3,91.7,543.2,179.0],\"lines\":[{\"bbox\":[109.6,92.5,536.1,118.8],\"text\":\"The exhibits below are included, either by being filed herewith or by incorporation by reference, as part of\"},{\"bbox\":[89.2,103.7,542.7,131.1],\"text\":\"this annual report on Form 10-K. Exhibits are identified according to the number assigned to them in Item 601 of\"},{\"bbox\":[88.7,115.7,539.1,142.9],\"text\":\"SEC Regulation S-K. Documents that are incorporated by reference are identified by their Exhibit number as set\"},{\"bbox\":[88.2,127.7,512.9,153.9],\"text\":\"forth in the filing from which they are incorporated by reference. The filings of the Registrant from which\"},{\"bbox\":[87.7,139.7,529.1,166.6],\"text\":\"various exhibits are incorporated by reference into this annual report are indicated by parenthetical numbering\"},{\"bbox\":[87.3,151.7,249.1,167.3],\"text\":\"which corresponds to the following key:\"}],\"order\":1,\"text\":\"The exhibits below are included, either by being filed herewith or by incorporation by reference, as part of\\nthis annual report on Form 10-K. Exhibits are identified according to the number assigned to them in Item 601 of\\nSEC Regulation S-K. Documents that are incorporated by reference are identified by their Exhibit number as set\\nforth in the filing from which they are incorporated by reference. The filings of the Registrant from which\\nvarious exhibits are incorporated by reference into this annual report are indicated by parenthetical numbering\\nwhich corresponds to the following key:\"},{\"bbox\":[111.5,170.7,123.5,180.3],\"lines\":[{\"bbox\":[111.5,170.7,123.5,180.3],\"text\":\"(1)\"}],\"order\":2,\"text\":\"(1)\"},{\"bbox\":[136.5,171.7,477.6,194.5],\"lines\":[{\"bbox\":[136.5,171.7,477.6,194.5],\"text\":\"Registration Statement on Form S-3 (File No. 333-89345) filed on October 20, 1999;\"}],\"order\":3,\"text\":\"Registration Statement on Form S-3 (File No. 333-89345) filed on October 20, 1999;\"},{\"bbox\":[110.8,188.7,122.8,198.3],\"lines\":[{\"bbox\":[110.8,188.7,122.8,198.3],\"text\":\"(2)\"}],\"order\":4,\"text\":\"(2)\"},{\"bbox\":[135.8,189.7,451.2,211.5],\"lines\":[{\"bbox\":[135.8,189.7,451.2,211.5],\"text\":\"Current Report on Form 8-K (File No. 001-14195) filed on February 24, 2000;\"}],\"order\":5,\"text\":\"Current Report on Form 8-K (File No. 001-14195) filed on February 24, 2000;\"},{\"bbox\":[110.1,206.7,122.1,216.3],\"lines\":[{\"bbox\":[110.1,206.7,122.1,216.3],\"text\":\"(3)\"}],\"order\":6,\"text\":\"(3)\"},{\"bbox\":[135.0,207.7,444.3,229.2],\"lines\":[{\"bbox\":[135.0,207.7,444.3,229.2],\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on March 29, 2000;\"}],\"order\":7,\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on March 29, 2000;\"},{\"bbox\":[109.3,224.6,121.4,234.3],\"lines\":[{\"bbox\":[109.3,224.6,121.4,234.3],\"text\":\"(4)\"}],\"order\":8,\"text\":\"(4)\"},{\"bbox\":[134.3,225.6,433.6,246.8],\"lines\":[{\"bbox\":[134.3,225.6,433.6,246.8],\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on April 2, 2001;\"}],\"order\":9,\"text\":\"Annual Report on Form 10-K (File No. 001-14195) filed on April 2, 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No.\"},{\"bbox\":[85.1,535.9,90.5,545.3],\"lines\":[{\"bbox\":[85.1,535.9,90.5,545.3],\"text\":\"2\"}],\"order\":33,\"text\":\"2\"},{\"bbox\":[130.4,537.8,463.5,572.2],\"lines\":[{\"bbox\":[130.9,537.8,438.8,559.2],\"text\":\"Agreement and Plan of Merger by and among American Tower Corporation,\"},{\"bbox\":[130.4,549.7,463.0,572.2],\"text\":\"Asteroid Merger Sub, LLC and SpectraSite, Inc., dated as of May 3, 2005 . . . . . . .\"}],\"order\":34,\"text\":\"Agreement and Plan of Merger by and among American Tower Corporation,\\nAsteroid Merger Sub, LLC and SpectraSite, Inc., dated as of May 3, 2005 . . . . . . .\"},{\"bbox\":[488.9,564.1,510.9,574.2],\"lines\":[{\"bbox\":[488.9,564.1,510.9,574.2],\"text\":\"2(14)\"}],\"order\":35,\"text\":\"2(14)\"},{\"bbox\":[129.2,567.7,462.3,602.2],\"lines\":[{\"bbox\":[129.7,567.7,454.4,589.9],\"text\":\"Amended and Restated Certificate of Incorporation of the Company as filed with\"},{\"bbox\":[129.2,579.7,461.8,602.2],\"text\":\"the Secretary of State of the State of Delaware on August 8, 2005 . . . . . . . . . . . . . .\"}],\"order\":36,\"text\":\"Amended and Restated Certificate of Incorporation of the Company as filed with\\nthe Secretary of State of the State of Delaware on August 8, 2005 . . . . . . . . . . . . . .\"},{\"bbox\":[471.4,593.5,526.1,604.8],\"lines\":[{\"bbox\":[471.4,593.5,526.1,604.8],\"text\":\"Annex E (15)\"}],\"order\":37,\"text\":\"Annex E (15)\"},{\"bbox\":[82.7,595.9,95.6,605.5],\"lines\":[{\"bbox\":[82.7,595.9,95.6,605.5],\"text\":\"3.2\"}],\"order\":38,\"text\":\"3.2\"},{\"bbox\":[128.5,597.7,461.1,620.2],\"lines\":[{\"bbox\":[128.5,597.7,461.1,620.2],\"text\":\"By-Laws, as amended November 13, 2003, of the Company . . . . . . . . . . . . . . . . . .\"}],\"order\":39,\"text\":\"By-Laws, as amended November 13, 2003, of the Company . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[485.8,612.0,510.3,622.2],\"lines\":[{\"bbox\":[485.8,612.0,510.3,622.2],\"text\":\"3.2(9)\"}],\"order\":40,\"text\":\"3.2(9)\"},{\"bbox\":[82.0,613.9,94.9,623.5],\"lines\":[{\"bbox\":[82.0,613.9,94.9,623.5],\"text\":\"4.1\"}],\"order\":41,\"text\":\"4.1\"},{\"bbox\":[126.8,615.7,460.3,662.2],\"lines\":[{\"bbox\":[127.8,615.7,440.9,637.4],\"text\":\"Indenture, dated as of October 4, 1999, by and between the Company and The\"},{\"bbox\":[127.3,627.7,427.1,648.9],\"text\":\"Bank of New York, as Trustee, for the 2.25% Convertible Notes due 2009,\"},{\"bbox\":[126.8,639.7,459.4,662.2],\"text\":\"including the form of 2.25% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":42,\"text\":\"Indenture, dated as of October 4, 1999, by and between the Company and The\\nBank of New York, as Trustee, for the 2.25% Convertible Notes due 2009,\\nincluding the form of 2.25% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[484.1,654.0,508.6,664.1],\"lines\":[{\"bbox\":[484.1,654.0,508.6,664.1],\"text\":\"4.2(1)\"}],\"order\":43,\"text\":\"4.2(1)\"},{\"bbox\":[125.1,657.7,458.6,704.1],\"lines\":[{\"bbox\":[126.1,657.7,448.1,679.7],\"text\":\"Indenture, dated as of February 15, 2000, by and between the Company and The\"},{\"bbox\":[125.6,669.7,420.4,690.6],\"text\":\"Bank of New York, as Trustee, for the 5.0% Convertible Notes due 2010,\"},{\"bbox\":[125.1,681.6,457.7,704.1],\"text\":\"including the form of 5.0% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":44,\"text\":\"Indenture, dated as of February 15, 2000, by and between the Company and The\\nBank of New York, as Trustee, for the 5.0% Convertible Notes due 2010,\\nincluding the form of 5.0% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[482.4,696.0,506.9,706.1],\"lines\":[{\"bbox\":[482.4,696.0,506.9,706.1],\"text\":\"4.1(2)\"}],\"order\":45,\"text\":\"4.1(2)\"},{\"bbox\":[83.9,565.9,96.8,575.6],\"lines\":[{\"bbox\":[83.9,565.9,96.8,575.6],\"text\":\"3.1\"}],\"order\":46,\"text\":\"3.1\"},{\"bbox\":[80.3,655.8,93.2,665.5],\"lines\":[{\"bbox\":[80.3,655.8,93.2,665.5],\"text\":\"4.2\"}],\"order\":47,\"text\":\"4.2\"},{\"bbox\":[282.1,712.0,304.1,722.0],\"lines\":[{\"bbox\":[282.1,712.0,304.1,722.0],\"text\":\"EX-1\"}],\"order\":48,\"text\":\"EX-1\"}],\"doc\":\"fintabnet:AMT_2006\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"INDEX TO EXHIBITS\\n\\nThe exhibits below are included, either by being filed herewith or by incorporation by reference, as part of\\nthis annual report on Form 10-K. Exhibits are identified according to the number assigned to them in Item 601 of\\nSEC Regulation S-K. Documents that are incorporated by reference are identified by their Exhibit number as set\\nforth in the filing from which they are incorporated by reference. The filings of the Registrant from which\\nvarious exhibits are incorporated by reference into this annual report are indicated by parenthetical numbering\\nwhich corresponds to the following key:\\n\\n(1)\\n\\nRegistration Statement on Form S-3 (File No. 333-89345) filed on October 20, 1999;\\n\\n(2)\\n\\nCurrent Report on Form 8-K (File No. 001-14195) filed on February 24, 2000;\\n\\n(3)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 29, 2000;\\n\\n(4)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on April 2, 2001;\\n\\n(5)\\n\\nQuarterly Report on Form 10-Q (File No. 001-14195) filed August 14, 2001;\\n\\n(6)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 24, 2003;\\n\\n(7)\\n\\nRegistration Statement on Form S-3 (File No. 333-109489) filed on October 3, 2003;\\n\\n(8)\\n\\nRegistration Statement on Form S-4 (File No. 333-111952) filed on January 15, 2004;\\n\\n(9)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 12, 2004;\\n\\n(10) Quarterly Report on Form 10-Q (File No. 001-14195) filed August 9, 2004;\\n\\n(11) Registration Statement on Form S-3 (File No. 333-119162) filed on September 21, 2004;\\n\\n(12) Current Report on Form 8-K (File No. 001-14195) filed on October 5, 2004;\\n\\n(13) Current Report on Form 8-K (File No. 001-14195) filed on December 6, 2004;\\n\\n(14) Current Report on Form 8-K (File No. 001-14195) filed on May 5, 2005;\\n\\n(15) Registration Statement on Form S-4 (File No. 333-125328) filed on May 27, 2005;\\n\\n(16) Current Report on Form 8-K (File No. 001-14195) filed on October 28, 2005;\\n\\n(17) Quarterly Report on Form 10-Q (File No. 001-14195) filed on November 9, 2005;\\n\\n(18) Annual Report on Form 10-K (File No. 001-14195) filed on March 15, 2006; and\\n\\n(19) Tender Offer Statement on Schedule TO (File No. 005-55211) filed on November 29, 2006.\\n\\nExhibit No.\\n\\nDescription of Document\\n\\nExhibit File No.\\n\\n2\\n\\nAgreement and Plan of Merger by and among American Tower Corporation,\\nAsteroid Merger Sub, LLC and SpectraSite, Inc., dated as of May 3, 2005 . . . . . . .\\n\\n2(14)\\n\\nAmended and Restated Certificate of Incorporation of the Company as filed with\\nthe Secretary of State of the State of Delaware on August 8, 2005 . . . . . . . . . . . . . .\\n\\nAnnex E (15)\\n\\n3.2\\n\\nBy-Laws, as amended November 13, 2003, of the Company . . . . . . . . . . . . . . . . . .\\n\\n3.2(9)\\n\\n4.1\\n\\nIndenture, dated as of October 4, 1999, by and between the Company and The\\nBank of New York, as Trustee, for the 2.25% Convertible Notes due 2009,\\nincluding the form of 2.25% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n4.2(1)\\n\\nIndenture, dated as of February 15, 2000, by and between the Company and The\\nBank of New York, as Trustee, for the 5.0% Convertible Notes due 2010,\\nincluding the form of 5.0% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n4.1(2)\\n\\n3.1\\n\\n4.2\\n\\nEX-1\",\"name\":\"fintabnet.AMT_2006_page_138__72dpi_heavy\",\"page_id\":\"fintabnet.AMT_2006_page_138\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.298,\"source\":\"fintabnet\",\"source_id\":\"AMT_2006_page_138\",\"stack\":[{\"deg\":-2.298,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.396},{\"op\":\"noise\",\"sigma\":14.196},{\"gain\":0.616,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":39}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[66.1,513.0,528.7,706.7],\"block_orders\":[30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47],\"cells\":null}],\"text\":\"INDEX TO EXHIBITS\\n\\nThe exhibits below are included, either by being filed herewith or by incorporation by reference, as part of\\nthis annual report on Form 10-K. Exhibits are identified according to the number assigned to them in Item 601 of\\nSEC Regulation S-K. Documents that are incorporated by reference are identified by their Exhibit number as set\\nforth in the filing from which they are incorporated by reference. The filings of the Registrant from which\\nvarious exhibits are incorporated by reference into this annual report are indicated by parenthetical numbering\\nwhich corresponds to the following key:\\n\\n(1)\\n\\nRegistration Statement on Form S-3 (File No. 333-89345) filed on October 20, 1999;\\n\\n(2)\\n\\nCurrent Report on Form 8-K (File No. 001-14195) filed on February 24, 2000;\\n\\n(3)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 29, 2000;\\n\\n(4)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on April 2, 2001;\\n\\n(5)\\n\\nQuarterly Report on Form 10-Q (File No. 001-14195) filed August 14, 2001;\\n\\n(6)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 24, 2003;\\n\\n(7)\\n\\nRegistration Statement on Form S-3 (File No. 333-109489) filed on October 3, 2003;\\n\\n(8)\\n\\nRegistration Statement on Form S-4 (File No. 333-111952) filed on January 15, 2004;\\n\\n(9)\\n\\nAnnual Report on Form 10-K (File No. 001-14195) filed on March 12, 2004;\\n\\n(10) Quarterly Report on Form 10-Q (File No. 001-14195) filed August 9, 2004;\\n\\n(11) Registration Statement on Form S-3 (File No. 333-119162) filed on September 21, 2004;\\n\\n(12) Current Report on Form 8-K (File No. 001-14195) filed on October 5, 2004;\\n\\n(13) Current Report on Form 8-K (File No. 001-14195) filed on December 6, 2004;\\n\\n(14) Current Report on Form 8-K (File No. 001-14195) filed on May 5, 2005;\\n\\n(15) Registration Statement on Form S-4 (File No. 333-125328) filed on May 27, 2005;\\n\\n(16) Current Report on Form 8-K (File No. 001-14195) filed on October 28, 2005;\\n\\n(17) Quarterly Report on Form 10-Q (File No. 001-14195) filed on November 9, 2005;\\n\\n(18) Annual Report on Form 10-K (File No. 001-14195) filed on March 15, 2006; and\\n\\n(19) Tender Offer Statement on Schedule TO (File No. 005-55211) filed on November 29, 2006.\\n\\nExhibit No.\\n\\nDescription of Document\\n\\nExhibit File No.\\n\\n2\\n\\nAgreement and Plan of Merger by and among American Tower Corporation,\\nAsteroid Merger Sub, LLC and SpectraSite, Inc., dated as of May 3, 2005 . . . . . . .\\n\\n2(14)\\n\\nAmended and Restated Certificate of Incorporation of the Company as filed with\\nthe Secretary of State of the State of Delaware on August 8, 2005 . . . . . . . . . . . . . .\\n\\nAnnex E (15)\\n\\n3.2\\n\\nBy-Laws, as amended November 13, 2003, of the Company . . . . . . . . . . . . . . . . . .\\n\\n3.2(9)\\n\\n4.1\\n\\nIndenture, dated as of October 4, 1999, by and between the Company and The\\nBank of New York, as Trustee, for the 2.25% Convertible Notes due 2009,\\nincluding the form of 2.25% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n4.2(1)\\n\\nIndenture, dated as of February 15, 2000, by and between the Company and The\\nBank of New York, as Trustee, for the 5.0% Convertible Notes due 2010,\\nincluding the form of 5.0% Convertible Note . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n4.1(2)\\n\\n3.1\\n\\n4.2\\n\\nEX-1\"},\"name\":\"fintabnet.AMT_2006_page_138__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":31725,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:AMT_2006\",\"dpi\":72,\"gt_sha256\":\"2d06f556a75adbb6c7e52045eae9e18e985fdbc7addc1fd3c023d3868ba0d987\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; 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SELECTED FINANCIAL DATA\"},{\"bbox\":[384.7,347.2,2229.9,581.4],\"lines\":[{\"bbox\":[473.1,351.6,2133.8,476.5],\"text\":\"You should read the selected financial data in conjunction with our “Management’s Discussion and\"},{\"bbox\":[387.3,397.2,2227.3,531.5],\"text\":\"Analysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements\"},{\"bbox\":[384.7,447.1,1970.6,568.1],\"text\":\"and the related notes to those consolidated financial statements included in this Annual Report.\"}],\"order\":1,\"text\":\"You should read the selected financial data in conjunction with our “Management’s Discussion and\\nAnalysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements\\nand the related notes to those consolidated financial statements included in this Annual Report.\"},{\"bbox\":[371.7,545.7,2252.3,831.6],\"lines\":[{\"bbox\":[462.7,550.1,2248.2,681.5],\"text\":\"Our continuing operations are reported in two segments: rental and management and network development\"},{\"bbox\":[376.9,595.7,2249.7,731.7],\"text\":\"services. In accordance with generally accepted accounting principles, the consolidated statements of operations\"},{\"bbox\":[374.3,645.6,2180.4,778.1],\"text\":\"for all periods presented in this “Selected Financial Data” have been adjusted to reflect certain businesses as\"},{\"bbox\":[371.7,695.5,2183.3,828.3],\"text\":\"discontinued operations (see note 1 to our consolidated financial statements included in this Annual Report).\"}],\"order\":2,\"text\":\"Our continuing operations are reported in two segments: rental and management and network development\\nservices. In accordance with generally accepted accounting principles, the consolidated statements of operations\\nfor all periods presented in this “Selected Financial Data” have been adjusted to reflect certain businesses as\\ndiscontinued operations (see note 1 to our consolidated financial statements included in this Annual Report).\"},{\"bbox\":[358.7,794.1,2264.0,1081.3],\"lines\":[{\"bbox\":[449.7,798.5,2239.7,930.2],\"text\":\"Year-to-year comparisons are significantly affected by our acquisitions, dispositions and, to a lesser extent,\"},{\"bbox\":[363.9,844.1,2261.4,981.4],\"text\":\"construction of towers. Our August 2005 merger with SpectraSite, Inc. (as discussed in note 4 to our consolidated\"},{\"bbox\":[361.3,894.0,2210.6,1028.8],\"text\":\"financial statements included in this Annual Report) significantly impacts the comparability of reported results\"},{\"bbox\":[358.7,943.9,642.7,996.8],\"text\":\"between periods.\"}],\"order\":3,\"text\":\"Year-to-year comparisons are significantly affected by our acquisitions, dispositions and, to a lesser extent,\\nconstruction of towers. Our August 2005 merger with SpectraSite, Inc. (as discussed in note 4 to our consolidated\\nfinancial statements included in this Annual Report) significantly impacts the comparability of reported results\\nbetween periods.\"},{\"bbox\":[1338.0,1133.3,1406.2,1166.8],\"lines\":[{\"bbox\":[1338.0,1133.3,1406.2,1166.8],\"text\":\"2007\"}],\"order\":4,\"text\":\"2007\"},{\"bbox\":[1502.3,1092.1,2035.8,1249.6],\"lines\":[{\"bbox\":[1583.8,1096.1,1959.1,1145.7],\"text\":\"Year Ended December 31,\"},{\"bbox\":[1548.2,1144.3,1616.3,1177.8],\"text\":\"2006\"},{\"bbox\":[1750.4,1154.8,1818.5,1188.4],\"text\":\"2005\"},{\"bbox\":[1944.9,1165.0,2013.0,1198.6],\"text\":\"2004\"},{\"bbox\":[1502.3,1191.9,2030.5,1249.6],\"text\":\"(In thousands, except per share data)\"}],\"order\":5,\"text\":\"Year Ended December 31,\\n2006\\n2005\\n2004\\n(In thousands, except per share data)\"},{\"bbox\":[2139.4,1175.2,2207.6,1208.8],\"lines\":[{\"bbox\":[2139.4,1175.2,2207.6,1208.8],\"text\":\"2003\"}],\"order\":6,\"text\":\"2003\"},{\"bbox\":[340.7,1169.0,1242.4,1371.2],\"lines\":[{\"bbox\":[347.1,1169.0,853.4,1229.3],\"text\":\"Statements of Operations Data:\"},{\"bbox\":[345.0,1209.4,502.8,1251.9],\"text\":\"Revenues:\"},{\"bbox\":[417.7,1253.7,1238.2,1330.8],\"text\":\"Rental and management . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[415.6,1294.0,1236.1,1371.2],\"text\":\"Network development services . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Statements of Operations Data:\\nRevenues:\\nRental and management . . . . . . . . . . . . . . . . . . . . . . . .\\nNetwork development services . . . . . . . . . . . . . . . . . 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expenses:\"},{\"bbox\":[407.6,1448.4,1100.1,1518.9],\"text\":\"Costs of operations (exclusive of items shown\"},{\"bbox\":[442.9,1490.7,709.9,1538.9],\"text\":\"separately below)\"},{\"bbox\":[478.2,1533.1,1223.8,1606.3],\"text\":\"Rental and management . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[476.1,1573.4,1221.7,1646.7],\"text\":\"Network development services . . . . . . . . . . . . . .\"},{\"bbox\":[399.1,1609.9,1219.6,1687.0],\"text\":\"Depreciation, amortization and accretion . . . . . . . . . . .\"},{\"bbox\":[397.0,1650.2,1133.2,1723.0],\"text\":\"Selling, general, administrative and development\"},{\"bbox\":[432.3,1692.5,1215.3,1767.7],\"text\":\"expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[392.8,1731.0,1140.4,1804.3],\"text\":\"Impairments, net loss on sale of long-lived assets,\"},{\"bbox\":[428.1,1773.3,1211.1,1848.5],\"text\":\"restructuring and merger related expense . . . . . . . . .\"}],\"order\":34,\"text\":\"Operating expenses:\\nCosts of operations (exclusive of items shown\\nseparately below)\\nRental and management . . . . . . . . . . . . . . . . . . . .\\nNetwork development services . . . . . . . . . . . . . .\\nDepreciation, amortization and accretion . . . . . . . . . . .\\nSelling, general, administrative and development\\nexpense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nImpairments, net loss on sale of long-lived assets,\\nrestructuring and merger related expense . . . . . . . . .\"},{\"bbox\":[462.6,1832.2,1208.1,1905.5],\"lines\":[{\"bbox\":[462.6,1832.2,1208.1,1905.5],\"text\":\"Total operating expenses . . . . . . . . . . . . . . . . . . .\"}],\"order\":35,\"text\":\"Total operating expenses . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1266.7,1874.3,1418.3,1916.5],\"lines\":[{\"bbox\":[1266.7,1874.3,1418.3,1916.5],\"text\":\"1,078,231\"}],\"order\":36,\"text\":\"1,078,231\"},{\"bbox\":[1476.8,1885.3,1628.4,1927.5],\"lines\":[{\"bbox\":[1476.8,1885.3,1628.4,1927.5],\"text\":\"1,033,484\"}],\"order\":37,\"text\":\"1,033,484\"},{\"bbox\":[1699.4,1897.0,1822.9,1937.6],\"lines\":[{\"bbox\":[1699.4,1897.0,1822.9,1937.6],\"text\":\"809,672\"}],\"order\":38,\"text\":\"809,672\"},{\"bbox\":[1893.9,1907.1,2017.4,1947.8],\"lines\":[{\"bbox\":[1893.9,1907.1,2017.4,1947.8],\"text\":\"647,881\"}],\"order\":39,\"text\":\"647,881\"},{\"bbox\":[2088.5,1917.3,2212.0,1958.0],\"lines\":[{\"bbox\":[2088.5,1917.3,2212.0,1958.0],\"text\":\"645,361\"}],\"order\":40,\"text\":\"645,361\"},{\"bbox\":[299.2,1881.4,1205.2,2164.3],\"lines\":[{\"bbox\":[309.8,1881.4,1205.2,1962.5],\"text\":\"Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[307.7,1921.8,1203.0,2002.8],\"text\":\"Interest income, TV Azteca, net . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[305.6,1962.1,1200.9,2043.2],\"text\":\"Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[303.5,2002.5,1198.8,2083.6],\"text\":\"Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[301.3,2042.8,1196.7,2123.9],\"text\":\"Loss on retirement of long-term obligations . . . . . . . . . . . .\"},{\"bbox\":[299.2,2083.2,1194.6,2164.3],\"text\":\"Other income (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":41,\"text\":\"Operating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest income, TV Azteca, net . . . . . . . . . . . . . . . . . . . . . .\\nInterest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLoss on retirement of long-term obligations . . . . . . . . . . . .\\nOther income (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . 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(loss) before income taxes, minority interest and\"},{\"bbox\":[331.6,2182.5,1189.5,2261.6],\"text\":\"income (loss) on equity method investments . . . . . . . . . .\"},{\"bbox\":[292.0,2220.9,1187.4,2302.0],\"text\":\"Income tax (provision) benefit . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[289.9,2261.3,1185.3,2342.4],\"text\":\"Minority interest in net earnings of subsidiaries . . . . . . . . .\"},{\"bbox\":[287.8,2301.7,1183.2,2382.7],\"text\":\"Income (loss) on equity method investments . . . . . . . . . . . .\"}],\"order\":47,\"text\":\"Income (loss) before income taxes, minority interest and\\nincome (loss) on equity method investments . . . . . . . . . .\\nIncome tax (provision) benefit . . . . . . . . . . . . . . . . . . . . . . .\\nMinority interest in net earnings of subsidiaries . . . . . . . . .\\nIncome (loss) on equity method investments . . . . . . . . . . . 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common share\\nfrom continuing operations before cumulative\\neffect of change in accounting principle(1) . . . . . . .\"},{\"bbox\":[1210.2,2594.0,1230.8,2629.3],\"lines\":[{\"bbox\":[1210.2,2594.0,1230.8,2629.3],\"text\":\"$\"}],\"order\":60,\"text\":\"$\"},{\"bbox\":[1313.2,2599.4,1380.6,2637.1],\"lines\":[{\"bbox\":[1313.2,2599.4,1380.6,2637.1],\"text\":\"0.22\"}],\"order\":61,\"text\":\"0.22\"},{\"bbox\":[1420.4,2605.0,1440.9,2640.3],\"lines\":[{\"bbox\":[1420.4,2605.0,1440.9,2640.3],\"text\":\"$\"}],\"order\":62,\"text\":\"$\"},{\"bbox\":[1523.3,2610.4,1590.7,2648.1],\"lines\":[{\"bbox\":[1523.3,2610.4,1590.7,2648.1],\"text\":\"0.06\"}],\"order\":63,\"text\":\"0.06\"},{\"bbox\":[1630.5,2616.0,1651.0,2651.3],\"lines\":[{\"bbox\":[1630.5,2616.0,1651.0,2651.3],\"text\":\"$\"}],\"order\":64,\"text\":\"$\"},{\"bbox\":[1705.4,2619.9,1845.5,2661.5],\"lines\":[{\"bbox\":[1705.4,2619.9,1845.5,2661.5],\"text\":\"(0.47) $\"}],\"order\":65,\"text\":\"(0.47) $\"},{\"bbox\":[1899.9,2630.1,2040.1,2671.7],\"lines\":[{\"bbox\":[1899.9,2630.1,2040.1,2671.7],\"text\":\"(1.10) $\"}],\"order\":66,\"text\":\"(1.10) $\"},{\"bbox\":[2094.4,2640.3,2186.7,2679.3],\"lines\":[{\"bbox\":[2094.4,2640.3,2186.7,2679.3],\"text\":\"(1.28)\"}],\"order\":67,\"text\":\"(1.28)\"},{\"bbox\":[269.5,2610.4,1167.0,2731.8],\"lines\":[{\"bbox\":[271.6,2610.4,1016.2,2683.6],\"text\":\"Weighted average common shares outstanding(1)\"},{\"bbox\":[344.4,2654.7,1164.9,2731.8],\"text\":\"Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":68,\"text\":\"Weighted average common shares outstanding(1)\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1251.5,2702.2,1375.0,2742.8],\"lines\":[{\"bbox\":[1251.5,2702.2,1375.0,2742.8],\"text\":\"413,167\"}],\"order\":69,\"text\":\"413,167\"},{\"bbox\":[1461.6,2713.2,1585.1,2753.8],\"lines\":[{\"bbox\":[1461.6,2713.2,1585.1,2753.8],\"text\":\"424,525\"}],\"order\":70,\"text\":\"424,525\"},{\"bbox\":[1656.2,2723.3,1779.7,2764.0],\"lines\":[{\"bbox\":[1656.2,2723.3,1779.7,2764.0],\"text\":\"302,510\"}],\"order\":71,\"text\":\"302,510\"},{\"bbox\":[1850.7,2733.5,1974.2,2774.2],\"lines\":[{\"bbox\":[1850.7,2733.5,1974.2,2774.2],\"text\":\"224,336\"}],\"order\":72,\"text\":\"224,336\"},{\"bbox\":[2045.2,2743.7,2168.7,2784.4],\"lines\":[{\"bbox\":[2045.2,2743.7,2168.7,2784.4],\"text\":\"208,098\"}],\"order\":73,\"text\":\"208,098\"},{\"bbox\":[341.0,2720.0,1161.5,2797.2],\"lines\":[{\"bbox\":[341.0,2720.0,1161.5,2797.2],\"text\":\"Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":74,\"text\":\"Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1248.1,2767.5,1371.6,2808.2],\"lines\":[{\"bbox\":[1248.1,2767.5,1371.6,2808.2],\"text\":\"426,079\"}],\"order\":75,\"text\":\"426,079\"},{\"bbox\":[1458.2,2778.5,1581.7,2819.2],\"lines\":[{\"bbox\":[1458.2,2778.5,1581.7,2819.2],\"text\":\"436,217\"}],\"order\":76,\"text\":\"436,217\"},{\"bbox\":[1652.7,2788.7,1776.3,2829.3],\"lines\":[{\"bbox\":[1652.7,2788.7,1776.3,2829.3],\"text\":\"302,510\"}],\"order\":77,\"text\":\"302,510\"},{\"bbox\":[1847.3,2798.8,1970.8,2839.5],\"lines\":[{\"bbox\":[1847.3,2798.8,1970.8,2839.5],\"text\":\"224,336\"}],\"order\":78,\"text\":\"224,336\"},{\"bbox\":[2041.8,2809.0,2165.3,2849.7],\"lines\":[{\"bbox\":[2041.8,2809.0,2165.3,2849.7],\"text\":\"208,098\"}],\"order\":79,\"text\":\"208,098\"},{\"bbox\":[260.6,2781.4,1158.1,2902.8],\"lines\":[{\"bbox\":[262.7,2781.4,632.7,2834.5],\"text\":\"Other Operating Data:\"},{\"bbox\":[260.6,2821.8,1155.9,2902.8],\"text\":\"Ratio of earnings to fixed charges(2) . . . . . . . . . . . . . . . . . .\"}],\"order\":80,\"text\":\"Other Operating Data:\\nRatio of earnings to fixed charges(2) . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1298.7,2876.1,1384.8,2914.8],\"lines\":[{\"bbox\":[1298.7,2876.1,1384.8,2914.8],\"text\":\"1.50x\"}],\"order\":81,\"text\":\"1.50x\"},{\"bbox\":[1508.9,2887.1,1594.9,2925.8],\"lines\":[{\"bbox\":[1508.9,2887.1,1594.9,2925.8],\"text\":\"1.25x\"}],\"order\":82,\"text\":\"1.25x\"},{\"bbox\":[1712.8,2897.8,1752.0,2934.0],\"lines\":[{\"bbox\":[1712.8,2897.8,1752.0,2934.0],\"text\":\"—\"}],\"order\":83,\"text\":\"—\"},{\"bbox\":[1907.3,2908.0,1946.5,2944.2],\"lines\":[{\"bbox\":[1907.3,2908.0,1946.5,2944.2],\"text\":\"—\"}],\"order\":84,\"text\":\"—\"},{\"bbox\":[2101.8,2918.1,2141.0,2954.4],\"lines\":[{\"bbox\":[2101.8,2918.1,2141.0,2954.4],\"text\":\"—\"}],\"order\":85,\"text\":\"—\"},{\"bbox\":[1183.2,2967.9,1226.8,3008.2],\"lines\":[{\"bbox\":[1183.2,2967.9,1226.8,3008.2],\"text\":\"26\"}],\"order\":86,\"text\":\"26\"}],\"doc\":\"fintabnet:AMT_2007\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"ITEM 6. SELECTED FINANCIAL DATA\\n\\nYou should read the selected financial data in conjunction with our “Management’s Discussion and\\nAnalysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements\\nand the related notes to those consolidated financial statements included in this Annual Report.\\n\\nOur continuing operations are reported in two segments: rental and management and network development\\nservices. In accordance with generally accepted accounting principles, the consolidated statements of operations\\nfor all periods presented in this “Selected Financial Data” have been adjusted to reflect certain businesses as\\ndiscontinued operations (see note 1 to our consolidated financial statements included in this Annual Report).\\n\\nYear-to-year comparisons are significantly affected by our acquisitions, dispositions and, to a lesser extent,\\nconstruction of towers. Our August 2005 merger with SpectraSite, Inc. (as discussed in note 4 to our consolidated\\nfinancial statements included in this Annual Report) significantly impacts the comparability of reported results\\nbetween periods.\\n\\n2007\\n\\nYear Ended December 31,\\n2006\\n2005\\n2004\\n(In thousands, except per share data)\\n\\n2003\\n\\nStatements of Operations Data:\\nRevenues:\\nRental and management . . . . . . . . . . . . . . . . . . . . . . . .\\nNetwork development services . . . . . . . . . . . . . . . . . .\\n\\n$1,425,975\\n30,619\\n\\n$1,294,068\\n23,317\\n\\n$ 929,762\\n15,024\\n\\n$ 684,422\\n22,238\\n\\n$ 619,697\\n12,796\\n\\nTotal operating revenues . . . . . . . . . . . . . . . . . . .\\n\\n1,456,594\\n\\n1,317,385\\n\\n944,786\\n\\n706,660\\n\\n632,493\\n\\n343,450\\n16,172\\n522,928\\n\\n332,246\\n11,291\\n528,051\\n\\n247,781\\n8,346\\n411,254\\n\\n195,242\\n16,220\\n329,449\\n\\n192,380\\n7,419\\n330,414\\n\\n186,483\\n\\n159,324\\n\\n108,059\\n\\n83,094\\n\\n83,492\\n\\n9,198\\n\\n2,572\\n\\n34,232\\n\\n23,876\\n\\n31,656\\n\\nOperating expenses:\\nCosts of operations (exclusive of items shown\\nseparately below)\\nRental and management . . . . . . . . . . . . . . . . . . . .\\nNetwork development services . . . . . . . . . . . . . .\\nDepreciation, amortization and accretion . . . . . . . . . . .\\nSelling, general, administrative and development\\nexpense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nImpairments, net loss on sale of long-lived assets,\\nrestructuring and merger related expense . . . . . . . . .\\n\\nTotal operating expenses . . . . . . . . . . . . . . . . . . .\\n\\n1,078,231\\n\\n1,033,484\\n\\n809,672\\n\\n647,881\\n\\n645,361\\n\\nOperating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest income, TV Azteca, net . . . . . . . . . . . . . . . . . . . . . .\\nInterest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLoss on retirement of long-term obligations . . . . . . . . . . . .\\nOther income (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n378,363\\n14,207\\n10,848\\n(235,824)\\n(35,429)\\n20,675\\n\\n283,901\\n14,208\\n9,002\\n(215,643)\\n(27,223)\\n6,619\\n\\n135,114\\n14,232\\n4,402\\n(222,419)\\n(67,110)\\n227\\n\\n58,779\\n14,316\\n4,844\\n(262,237)\\n(138,016)\\n(2,798)\\n\\n(12,868)\\n14,222\\n5,255\\n(279,783)\\n(46,197)\\n(8,598)\\n\\nIncome (loss) before income taxes, minority interest and\\nincome (loss) on equity method investments . . . . . . . . . .\\nIncome tax (provision) benefit . . . . . . . . . . . . . . . . . . . . . . .\\nMinority interest in net earnings of subsidiaries . . . . . . . . .\\nIncome (loss) on equity method investments . . . . . . . . . . . .\\n\\n152,840\\n(59,809)\\n(338)\\n19\\n\\n70,864\\n(41,768)\\n(784)\\n26\\n\\n(135,554)\\n(5,714)\\n(575)\\n(2,078)\\n\\n(325,112)\\n83,338\\n(2,366)\\n(2,915)\\n\\n(327,969)\\n85,567\\n(3,703)\\n(21,221)\\n\\n$(143,921) $(247,055) $(267,326)\\n\\nIncome (loss) from continuing operations before\\ncumulative effect of change in accounting principle . . . .\\n\\n$\\n\\n92,712\\n\\n$\\n\\n28,338\\n\\nBasic and diluted income (loss) per common share\\nfrom continuing operations before cumulative\\neffect of change in accounting principle(1) . . . . . . .\\n\\n$\\n\\n0.22\\n\\n$\\n\\n0.06\\n\\n$\\n\\n(0.47) $\\n\\n(1.10) $\\n\\n(1.28)\\n\\nWeighted average common shares outstanding(1)\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n413,167\\n\\n424,525\\n\\n302,510\\n\\n224,336\\n\\n208,098\\n\\nDiluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n426,079\\n\\n436,217\\n\\n302,510\\n\\n224,336\\n\\n208,098\\n\\nOther Operating Data:\\nRatio of earnings to fixed charges(2) . . . . . . . . . . . . . . . . . .\\n\\n1.50x\\n\\n1.25x\\n\\n—\\n\\n—\\n\\n—\\n\\n26\",\"name\":\"fintabnet.AMT_2007_page_36__300dpi_heavy\",\"page_id\":\"fintabnet.AMT_2007_page_36\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.996,\"source\":\"fintabnet\",\"source_id\":\"AMT_2007_page_36\",\"stack\":[{\"deg\":-2.996,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.344},{\"op\":\"noise\",\"sigma\":17.827},{\"gain\":0.558,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":44}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[260.6,1024.0,2266.3,2956.1],\"block_orders\":[4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85],\"cells\":null}],\"text\":\"ITEM 6. SELECTED FINANCIAL DATA\\n\\nYou should read the selected financial data in conjunction with our “Management’s Discussion and\\nAnalysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements\\nand the related notes to those consolidated financial statements included in this Annual Report.\\n\\nOur continuing operations are reported in two segments: rental and management and network development\\nservices. In accordance with generally accepted accounting principles, the consolidated statements of operations\\nfor all periods presented in this “Selected Financial Data” have been adjusted to reflect certain businesses as\\ndiscontinued operations (see note 1 to our consolidated financial statements included in this Annual Report).\\n\\nYear-to-year comparisons are significantly affected by our acquisitions, dispositions and, to a lesser extent,\\nconstruction of towers. Our August 2005 merger with SpectraSite, Inc. (as discussed in note 4 to our consolidated\\nfinancial statements included in this Annual Report) significantly impacts the comparability of reported results\\nbetween periods.\\n\\n2007\\n\\nYear Ended December 31,\\n2006\\n2005\\n2004\\n(In thousands, except per share data)\\n\\n2003\\n\\nStatements of Operations Data:\\nRevenues:\\nRental and management . . . . . . . . . . . . . . . . . . . . . . . .\\nNetwork development services . . . . . . . . . . . . . . . . . .\\n\\n$1,425,975\\n30,619\\n\\n$1,294,068\\n23,317\\n\\n$ 929,762\\n15,024\\n\\n$ 684,422\\n22,238\\n\\n$ 619,697\\n12,796\\n\\nTotal operating revenues . . . . . . . . . . . . . . . . . . .\\n\\n1,456,594\\n\\n1,317,385\\n\\n944,786\\n\\n706,660\\n\\n632,493\\n\\n343,450\\n16,172\\n522,928\\n\\n332,246\\n11,291\\n528,051\\n\\n247,781\\n8,346\\n411,254\\n\\n195,242\\n16,220\\n329,449\\n\\n192,380\\n7,419\\n330,414\\n\\n186,483\\n\\n159,324\\n\\n108,059\\n\\n83,094\\n\\n83,492\\n\\n9,198\\n\\n2,572\\n\\n34,232\\n\\n23,876\\n\\n31,656\\n\\nOperating expenses:\\nCosts of operations (exclusive of items shown\\nseparately below)\\nRental and management . . . . . . . . . . . . . . . . . . . .\\nNetwork development services . . . . . . . . . . . . . .\\nDepreciation, amortization and accretion . . . . . . . . . . .\\nSelling, general, administrative and development\\nexpense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nImpairments, net loss on sale of long-lived assets,\\nrestructuring and merger related expense . . . . . . . . .\\n\\nTotal operating expenses . . . . . . . . . . . . . . . . . . .\\n\\n1,078,231\\n\\n1,033,484\\n\\n809,672\\n\\n647,881\\n\\n645,361\\n\\nOperating income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest income, TV Azteca, net . . . . . . . . . . . . . . . . . . . . . .\\nInterest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLoss on retirement of long-term obligations . . . . . . . . . . . .\\nOther income (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n378,363\\n14,207\\n10,848\\n(235,824)\\n(35,429)\\n20,675\\n\\n283,901\\n14,208\\n9,002\\n(215,643)\\n(27,223)\\n6,619\\n\\n135,114\\n14,232\\n4,402\\n(222,419)\\n(67,110)\\n227\\n\\n58,779\\n14,316\\n4,844\\n(262,237)\\n(138,016)\\n(2,798)\\n\\n(12,868)\\n14,222\\n5,255\\n(279,783)\\n(46,197)\\n(8,598)\\n\\nIncome (loss) before income taxes, minority interest and\\nincome (loss) on equity method investments . . . . . . . . . .\\nIncome tax (provision) benefit . . . . . . . . . . . . . . . . . . . . . . .\\nMinority interest in net earnings of subsidiaries . . . . . . . . .\\nIncome (loss) on equity method investments . . . . . . . . . . . .\\n\\n152,840\\n(59,809)\\n(338)\\n19\\n\\n70,864\\n(41,768)\\n(784)\\n26\\n\\n(135,554)\\n(5,714)\\n(575)\\n(2,078)\\n\\n(325,112)\\n83,338\\n(2,366)\\n(2,915)\\n\\n(327,969)\\n85,567\\n(3,703)\\n(21,221)\\n\\n$(143,921) $(247,055) $(267,326)\\n\\nIncome (loss) from continuing operations before\\ncumulative effect of change in accounting principle . . . .\\n\\n$\\n\\n92,712\\n\\n$\\n\\n28,338\\n\\nBasic and diluted income (loss) per common share\\nfrom continuing operations before cumulative\\neffect of change in accounting principle(1) . . . . . . .\\n\\n$\\n\\n0.22\\n\\n$\\n\\n0.06\\n\\n$\\n\\n(0.47) $\\n\\n(1.10) $\\n\\n(1.28)\\n\\nWeighted average common shares outstanding(1)\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n413,167\\n\\n424,525\\n\\n302,510\\n\\n224,336\\n\\n208,098\\n\\nDiluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n426,079\\n\\n436,217\\n\\n302,510\\n\\n224,336\\n\\n208,098\\n\\nOther Operating Data:\\nRatio of earnings to fixed charges(2) . . . . . . . . . . . . . . . . . .\\n\\n1.50x\\n\\n1.25x\\n\\n—\\n\\n—\\n\\n—\\n\\n26\"},\"name\":\"fintabnet.AMT_2007_page_36__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":448007,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:AMT_2007\",\"dpi\":300,\"gt_sha256\":\"4c0b0509c95cafa359b1cc8fd6c1c83f697d88fbf5ec617508dc309285e560bf\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ANET_2017_page_121\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ANET_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[234.9,157.3,903.0,214.6],\"lines\":[{\"bbox\":[234.9,157.3,903.0,214.6],\"text\":\"Revenue by Geography (in thousands, except percentages)\"}],\"order\":0,\"text\":\"Revenue by Geography (in thousands, except percentages)\"},{\"bbox\":[1028.6,247.5,1275.6,281.9],\"lines\":[{\"bbox\":[1028.6,247.5,1275.6,281.9],\"text\":\"Year Ended December 31,\"}],\"order\":1,\"text\":\"Year Ended December 31,\"},{\"bbox\":[882.1,280.6,927.5,306.9],\"lines\":[{\"bbox\":[882.1,280.6,927.5,306.9],\"text\":\"2017\"}],\"order\":2,\"text\":\"2017\"},{\"bbox\":[233.3,287.9,592.3,451.8],\"lines\":[{\"bbox\":[238.0,287.9,345.6,322.8],\"text\":\"Americas\"},{\"bbox\":[236.5,326.7,590.7,371.5],\"text\":\"Europe, Middle East and Africa\"},{\"bbox\":[234.9,365.6,373.4,401.8],\"text\":\"Asia-Pacific\"},{\"bbox\":[233.3,406.9,386.0,443.7],\"text\":\"Total revenue\"}],\"order\":3,\"text\":\"Americas\\nEurope, Middle East and Africa\\nAsia-Pacific\\nTotal revenue\"},{\"bbox\":[821.7,311.4,979.4,467.2],\"lines\":[{\"bbox\":[826.5,311.4,979.2,348.1],\"text\":\"$ 1,192,289\"},{\"bbox\":[886.4,352.7,977.8,387.0],\"text\":\"299,547\"},{\"bbox\":[884.8,391.5,976.3,425.9],\"text\":\"154,350\"},{\"bbox\":[821.7,430.4,974.5,467.2],\"text\":\"$ 1,646,186\"}],\"order\":4,\"text\":\"$ 1,192,289\\n299,547\\n154,350\\n$ 1,646,186\"},{\"bbox\":[1022.2,286.1,1124.1,314.8],\"lines\":[{\"bbox\":[1022.2,286.1,1124.1,314.8],\"text\":\"% of Total\"}],\"order\":5,\"text\":\"% of Total\"},{\"bbox\":[1218.0,294.0,1263.4,320.3],\"lines\":[{\"bbox\":[1218.0,294.0,1263.4,320.3],\"text\":\"2016\"}],\"order\":6,\"text\":\"2016\"},{\"bbox\":[1045.6,320.3,1315.2,480.6],\"lines\":[{\"bbox\":[1064.2,320.9,1177.4,356.0],\"text\":\"72.4 % $\"},{\"bbox\":[1223.8,327.2,1315.2,361.5],\"text\":\"874,740\"},{\"bbox\":[1062.6,359.7,1112.4,392.4],\"text\":\"18.2\"},{\"bbox\":[1222.2,366.1,1313.7,400.4],\"text\":\"168,789\"},{\"bbox\":[1075.0,399.1,1110.9,431.2],\"text\":\"9.4\"},{\"bbox\":[1234.6,405.5,1312.1,439.3],\"text\":\"85,638\"},{\"bbox\":[1045.6,439.4,1310.3,480.6],\"text\":\"100.0 % $ 1,129,167\"}],\"order\":7,\"text\":\"72.4 % $\\n874,740\\n18.2\\n168,789\\n9.4\\n85,638\\n100.0 % $ 1,129,167\"},{\"bbox\":[1358.0,299.5,1458.9,328.1],\"lines\":[{\"bbox\":[1358.0,299.5,1458.9,328.1],\"text\":\"% of Total\"}],\"order\":8,\"text\":\"% of Total\"},{\"bbox\":[1381.4,333.7,1479.9,487.2],\"lines\":[{\"bbox\":[1400.0,334.3,1479.9,368.1],\"text\":\"77.5 %\"},{\"bbox\":[1398.5,373.1,1448.3,405.8],\"text\":\"14.9\"},{\"bbox\":[1410.8,412.5,1446.7,444.6],\"text\":\"7.6\"},{\"bbox\":[1381.4,452.8,1475.1,487.2],\"text\":\"100.0 %\"}],\"order\":9,\"text\":\"77.5 %\\n14.9\\n7.6\\n100.0 %\"},{\"bbox\":[222.5,468.1,317.8,502.6],\"lines\":[{\"bbox\":[222.5,468.1,317.8,502.6],\"text\":\"Revenue\"}],\"order\":10,\"text\":\"Revenue\"},{\"bbox\":[215.2,518.1,1471.0,731.9],\"lines\":[{\"bbox\":[320.4,522.1,1471.0,598.7],\"text\":\"We generate revenue primarily from sales of our products. We also derive a portion of our revenue from\"},{\"bbox\":[219.2,551.4,1469.4,632.0],\"text\":\"sales of PCS, which is typically purchased in conjunction with our products, and subsequent renewals of those\"},{\"bbox\":[217.8,584.7,1468.3,665.3],\"text\":\"contracts. We expect our revenue may vary from period to period based on, among other things, the timing and\"},{\"bbox\":[216.5,618.0,1467.0,698.6],\"text\":\"size of orders, the delivery and acceptance of products, and the impact of significant transactions with unique terms\"},{\"bbox\":[215.2,651.3,792.9,705.1],\"text\":\"and conditions that may require deferral of revenue.\"}],\"order\":11,\"text\":\"We generate revenue primarily from sales of our products. We also derive a portion of our revenue from\\nsales of PCS, which is typically purchased in conjunction with our products, and subsequent renewals of those\\ncontracts. We expect our revenue may vary from period to period based on, among other things, the timing and\\nsize of orders, the delivery and acceptance of products, and the impact of significant transactions with unique terms\\nand conditions that may require deferral of revenue.\"},{\"bbox\":[206.5,701.3,1463.8,948.4],\"lines\":[{\"bbox\":[313.1,705.3,1463.7,781.9],\"text\":\"Product revenue increased $441.5 million, or 44.5%, in the year ended December 31, 2017 compared to\"},{\"bbox\":[211.9,734.6,1462.4,815.2],\"text\":\"2016. The increase was primarily driven by increased product shipments to our existing customers as they continued\"},{\"bbox\":[210.5,767.9,1461.1,848.5],\"text\":\"to expand their businesses. In addition, our newer switch products have continued to gain market acceptance, which\"},{\"bbox\":[209.2,801.2,1459.7,881.8],\"text\":\"has contributed to our revenue growth. Service revenue increased $75.5 million, or 54.8%, in the year ended\"},{\"bbox\":[207.9,834.5,1458.3,915.1],\"text\":\"December 31, 2017 compared to 2016 as a result of continued growth in initial and renewal support contracts as\"},{\"bbox\":[206.5,867.8,749.6,920.2],\"text\":\"our customer installed base continued to expand.\"}],\"order\":12,\"text\":\"Product revenue increased $441.5 million, or 44.5%, in the year ended December 31, 2017 compared to\\n2016. The increase was primarily driven by increased product shipments to our existing customers as they continued\\nto expand their businesses. In addition, our newer switch products have continued to gain market acceptance, which\\nhas contributed to our revenue growth. Service revenue increased $75.5 million, or 54.8%, in the year ended\\nDecember 31, 2017 compared to 2016 as a result of continued growth in initial and renewal support contracts as\\nour customer installed base continued to expand.\"},{\"bbox\":[193.3,1200.9,584.8,1247.2],\"lines\":[{\"bbox\":[193.3,1200.9,584.8,1247.2],\"text\":\"Cost of Revenue and Gross Margin\"}],\"order\":13,\"text\":\"Cost of Revenue and Gross Margin\"},{\"bbox\":[185.9,1250.9,1441.8,1464.7],\"lines\":[{\"bbox\":[291.2,1254.8,1441.8,1331.5],\"text\":\"Cost of revenue primarily consists of amounts paid for inventory to our third-party contract manufacturers\"},{\"bbox\":[189.9,1284.2,1440.4,1364.8],\"text\":\"and merchant silicon vendors, overhead costs in our manufacturing operations department, and other\"},{\"bbox\":[188.6,1317.5,1438.9,1398.1],\"text\":\"manufacturing-related costs associated with manufacturing our products and managing our inventory. We expect\"},{\"bbox\":[187.3,1350.8,1437.5,1431.4],\"text\":\"our cost of product revenue to increase as our product revenue increases. Cost of providing PCS and other services\"},{\"bbox\":[185.9,1384.1,1103.2,1451.4],\"text\":\"consists primarily of personnel costs for our global customer support organization.\"}],\"order\":14,\"text\":\"Cost of revenue primarily consists of amounts paid for inventory to our third-party contract manufacturers\\nand merchant silicon vendors, overhead costs in our manufacturing operations department, and other\\nmanufacturing-related costs associated with manufacturing our products and managing our inventory. We expect\\nour cost of product revenue to increase as our product revenue increases. Cost of providing PCS and other services\\nconsists primarily of personnel costs for our global customer support organization.\"},{\"bbox\":[177.3,1434.0,1434.5,1681.2],\"lines\":[{\"bbox\":[283.9,1438.0,1434.4,1514.6],\"text\":\"Gross margin, or gross profit as a percentage of revenue, has been and will continue to be affected by a\"},{\"bbox\":[182.6,1467.3,1433.1,1547.9],\"text\":\"variety of factors, including sales to large end customers who generally receive lower pricing, manufacturing-\"},{\"bbox\":[181.3,1500.7,1431.8,1581.3],\"text\":\"related costs including costs associated with supply chain sourcing activities, merchant silicon costs, the mix of\"},{\"bbox\":[180.0,1534.0,1430.5,1614.6],\"text\":\"products sold, and excess/obsolete inventory write-downs, including charges for excess/obsolete component\"},{\"bbox\":[178.6,1567.3,1429.1,1647.9],\"text\":\"inventory held by our contract manufacturers. We expect our gross margins to fluctuate over time, depending on\"},{\"bbox\":[177.3,1600.6,610.1,1648.5],\"text\":\"the factors described above and others.\"}],\"order\":15,\"text\":\"Gross margin, or gross profit as a percentage of revenue, has been and will continue to be affected by a\\nvariety of factors, including sales to large end customers who generally receive lower pricing, manufacturing-\\nrelated costs including costs associated with supply chain sourcing activities, merchant silicon costs, the mix of\\nproducts sold, and excess/obsolete inventory write-downs, including charges for excess/obsolete component\\ninventory held by our contract manufacturers. We expect our gross margins to fluctuate over time, depending on\\nthe factors described above and others.\"},{\"bbox\":[167.3,1650.5,1425.9,1931.0],\"lines\":[{\"bbox\":[275.2,1654.5,1425.8,1731.1],\"text\":\"Cost of revenue increased $178.4 million or 43.9% for the year ended December 31, 2017 compared to\"},{\"bbox\":[174.0,1683.8,1424.5,1764.4],\"text\":\"the same period in 2016. The increase in cost of revenue was primarily due to an increase in product shipment\"},{\"bbox\":[172.6,1717.2,1423.2,1797.7],\"text\":\"volumes and the corresponding increase in product revenue. Gross margin increased from 64.0% to 64.5% for the\"},{\"bbox\":[171.3,1750.5,1421.8,1831.1],\"text\":\"year ended December 31, 2017 compared to the same period in 2016. The increase in gross margin was primarily\"},{\"bbox\":[170.0,1783.8,1420.6,1864.4],\"text\":\"driven by improved service margins as we scaled our services business on a relatively fixed cost base and slightly\"},{\"bbox\":[168.7,1817.1,1419.1,1897.7],\"text\":\"better product margins due to end customer mix. This improvement was partially offset by an increase in excess\"},{\"bbox\":[167.3,1850.4,969.6,1913.1],\"text\":\"and obsolete inventory-related charges as we transition to new products.\"}],\"order\":16,\"text\":\"Cost of revenue increased $178.4 million or 43.9% for the year ended December 31, 2017 compared to\\nthe same period in 2016. The increase in cost of revenue was primarily due to an increase in product shipment\\nvolumes and the corresponding increase in product revenue. Gross margin increased from 64.0% to 64.5% for the\\nyear ended December 31, 2017 compared to the same period in 2016. The increase in gross margin was primarily\\ndriven by improved service margins as we scaled our services business on a relatively fixed cost base and slightly\\nbetter product margins due to end customer mix. This improvement was partially offset by an increase in excess\\nand obsolete inventory-related charges as we transition to new products.\"},{\"bbox\":[772.9,2001.5,801.9,2033.3],\"lines\":[{\"bbox\":[772.9,2001.5,801.9,2033.3],\"text\":\"63\"}],\"order\":17,\"text\":\"63\"},{\"bbox\":[1551.2,1188.8,1596.3,1439.7],\"lines\":[{\"bbox\":[1551.2,1188.8,1596.3,1439.7],\"text\":\"Annual Report\"}],\"order\":18,\"text\":\"Annual Report\"},{\"bbox\":[195.2,917.8,1455.2,1231.5],\"lines\":[{\"bbox\":[304.5,921.8,1455.1,998.4],\"text\":\"We continue to experience pricing pressure on our products and services due to competition, but demand\"},{\"bbox\":[203.2,951.1,1453.5,1031.7],\"text\":\"for our products and growth in our installed base has more than offset this pricing pressure. Deferred product\"},{\"bbox\":[201.9,984.4,1452.4,1065.0],\"text\":\"revenue at December 31, 2017 remained consistent with the balance at December 31, 2016. The deferred product\"},{\"bbox\":[200.6,1017.7,1451.0,1098.3],\"text\":\"revenue balance at December 31, 2016 primarily included customer arrangements with new product and new\"},{\"bbox\":[199.2,1051.0,1449.7,1131.6],\"text\":\"customer acceptance clauses, which expired during the current year, while the balance at December 31, 2017\"},{\"bbox\":[197.9,1084.3,1448.5,1164.9],\"text\":\"primarily represents arrangements with a few of our larger customers related to the ongoing qualification activities\"},{\"bbox\":[196.6,1117.6,1447.0,1198.2],\"text\":\"of our 945 investigation-related product redesigns. As we enter 2018, we expect to continue to work\"},{\"bbox\":[195.2,1150.9,1249.6,1223.7],\"text\":\"with these customers to complete their qualification activities, which may impact our business.\"}],\"order\":19,\"text\":\"We continue to experience pricing pressure on our products and services due to competition, but demand\\nfor our products and growth in our installed base has more than offset this pricing pressure. Deferred product\\nrevenue at December 31, 2017 remained consistent with the balance at December 31, 2016. The deferred product\\nrevenue balance at December 31, 2016 primarily included customer arrangements with new product and new\\ncustomer acceptance clauses, which expired during the current year, while the balance at December 31, 2017\\nprimarily represents arrangements with a few of our larger customers related to the ongoing qualification activities\\nof our 945 investigation-related product redesigns. As we enter 2018, we expect to continue to work\\nwith these customers to complete their qualification activities, which may impact our business.\"}],\"doc\":\"fintabnet:ANET_2017\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"Revenue by Geography (in thousands, except percentages)\\n\\nYear Ended December 31,\\n\\n2017\\n\\nAmericas\\nEurope, Middle East and Africa\\nAsia-Pacific\\nTotal revenue\\n\\n$ 1,192,289\\n299,547\\n154,350\\n$ 1,646,186\\n\\n% of Total\\n\\n2016\\n\\n72.4 % $\\n874,740\\n18.2\\n168,789\\n9.4\\n85,638\\n100.0 % $ 1,129,167\\n\\n% of Total\\n\\n77.5 %\\n14.9\\n7.6\\n100.0 %\\n\\nRevenue\\n\\nWe generate revenue primarily from sales of our products. We also derive a portion of our revenue from\\nsales of PCS, which is typically purchased in conjunction with our products, and subsequent renewals of those\\ncontracts. We expect our revenue may vary from period to period based on, among other things, the timing and\\nsize of orders, the delivery and acceptance of products, and the impact of significant transactions with unique terms\\nand conditions that may require deferral of revenue.\\n\\nProduct revenue increased $441.5 million, or 44.5%, in the year ended December 31, 2017 compared to\\n2016. The increase was primarily driven by increased product shipments to our existing customers as they continued\\nto expand their businesses. In addition, our newer switch products have continued to gain market acceptance, which\\nhas contributed to our revenue growth. Service revenue increased $75.5 million, or 54.8%, in the year ended\\nDecember 31, 2017 compared to 2016 as a result of continued growth in initial and renewal support contracts as\\nour customer installed base continued to expand.\\n\\nCost of Revenue and Gross Margin\\n\\nCost of revenue primarily consists of amounts paid for inventory to our third-party contract manufacturers\\nand merchant silicon vendors, overhead costs in our manufacturing operations department, and other\\nmanufacturing-related costs associated with manufacturing our products and managing our inventory. We expect\\nour cost of product revenue to increase as our product revenue increases. Cost of providing PCS and other services\\nconsists primarily of personnel costs for our global customer support organization.\\n\\nGross margin, or gross profit as a percentage of revenue, has been and will continue to be affected by a\\nvariety of factors, including sales to large end customers who generally receive lower pricing, manufacturing-\\nrelated costs including costs associated with supply chain sourcing activities, merchant silicon costs, the mix of\\nproducts sold, and excess/obsolete inventory write-downs, including charges for excess/obsolete component\\ninventory held by our contract manufacturers. We expect our gross margins to fluctuate over time, depending on\\nthe factors described above and others.\\n\\nCost of revenue increased $178.4 million or 43.9% for the year ended December 31, 2017 compared to\\nthe same period in 2016. The increase in cost of revenue was primarily due to an increase in product shipment\\nvolumes and the corresponding increase in product revenue. Gross margin increased from 64.0% to 64.5% for the\\nyear ended December 31, 2017 compared to the same period in 2016. The increase in gross margin was primarily\\ndriven by improved service margins as we scaled our services business on a relatively fixed cost base and slightly\\nbetter product margins due to end customer mix. This improvement was partially offset by an increase in excess\\nand obsolete inventory-related charges as we transition to new products.\\n\\n63\\n\\nAnnual Report\\n\\nWe continue to experience pricing pressure on our products and services due to competition, but demand\\nfor our products and growth in our installed base has more than offset this pricing pressure. Deferred product\\nrevenue at December 31, 2017 remained consistent with the balance at December 31, 2016. The deferred product\\nrevenue balance at December 31, 2016 primarily included customer arrangements with new product and new\\ncustomer acceptance clauses, which expired during the current year, while the balance at December 31, 2017\\nprimarily represents arrangements with a few of our larger customers related to the ongoing qualification activities\\nof our 945 investigation-related product redesigns. As we enter 2018, we expect to continue to work\\nwith these customers to complete their qualification activities, which may impact our business.\",\"name\":\"fintabnet.ANET_2017_page_121__200dpi_heavy\",\"page_id\":\"fintabnet.ANET_2017_page_121\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.286,\"source\":\"fintabnet\",\"source_id\":\"ANET_2017_page_121\",\"stack\":[{\"deg\":-2.286,\"op\":\"skew\"},{\"amp\":0.216,\"angle\":184.8,\"blob\":0.756,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.501},{\"op\":\"noise\",\"sigma\":16.978},{\"method\":\"global\",\"offset\":-0.045,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[233.3,216.0,1482.8,487.2],\"block_orders\":[1,2,3,4,5,6,7,8,9],\"cells\":null}],\"text\":\"Revenue by Geography (in thousands, except percentages)\\n\\nYear Ended December 31,\\n\\n2017\\n\\nAmericas\\nEurope, Middle East and Africa\\nAsia-Pacific\\nTotal revenue\\n\\n$ 1,192,289\\n299,547\\n154,350\\n$ 1,646,186\\n\\n% of Total\\n\\n2016\\n\\n72.4 % $\\n874,740\\n18.2\\n168,789\\n9.4\\n85,638\\n100.0 % $ 1,129,167\\n\\n% of Total\\n\\n77.5 %\\n14.9\\n7.6\\n100.0 %\\n\\nRevenue\\n\\nWe generate revenue primarily from sales of our products. We also derive a portion of our revenue from\\nsales of PCS, which is typically purchased in conjunction with our products, and subsequent renewals of those\\ncontracts. We expect our revenue may vary from period to period based on, among other things, the timing and\\nsize of orders, the delivery and acceptance of products, and the impact of significant transactions with unique terms\\nand conditions that may require deferral of revenue.\\n\\nProduct revenue increased $441.5 million, or 44.5%, in the year ended December 31, 2017 compared to\\n2016. The increase was primarily driven by increased product shipments to our existing customers as they continued\\nto expand their businesses. In addition, our newer switch products have continued to gain market acceptance, which\\nhas contributed to our revenue growth. Service revenue increased $75.5 million, or 54.8%, in the year ended\\nDecember 31, 2017 compared to 2016 as a result of continued growth in initial and renewal support contracts as\\nour customer installed base continued to expand.\\n\\nCost of Revenue and Gross Margin\\n\\nCost of revenue primarily consists of amounts paid for inventory to our third-party contract manufacturers\\nand merchant silicon vendors, overhead costs in our manufacturing operations department, and other\\nmanufacturing-related costs associated with manufacturing our products and managing our inventory. We expect\\nour cost of product revenue to increase as our product revenue increases. Cost of providing PCS and other services\\nconsists primarily of personnel costs for our global customer support organization.\\n\\nGross margin, or gross profit as a percentage of revenue, has been and will continue to be affected by a\\nvariety of factors, including sales to large end customers who generally receive lower pricing, manufacturing-\\nrelated costs including costs associated with supply chain sourcing activities, merchant silicon costs, the mix of\\nproducts sold, and excess/obsolete inventory write-downs, including charges for excess/obsolete component\\ninventory held by our contract manufacturers. We expect our gross margins to fluctuate over time, depending on\\nthe factors described above and others.\\n\\nCost of revenue increased $178.4 million or 43.9% for the year ended December 31, 2017 compared to\\nthe same period in 2016. The increase in cost of revenue was primarily due to an increase in product shipment\\nvolumes and the corresponding increase in product revenue. Gross margin increased from 64.0% to 64.5% for the\\nyear ended December 31, 2017 compared to the same period in 2016. The increase in gross margin was primarily\\ndriven by improved service margins as we scaled our services business on a relatively fixed cost base and slightly\\nbetter product margins due to end customer mix. This improvement was partially offset by an increase in excess\\nand obsolete inventory-related charges as we transition to new products.\\n\\n63\\n\\nAnnual Report\\n\\nWe continue to experience pricing pressure on our products and services due to competition, but demand\\nfor our products and growth in our installed base has more than offset this pricing pressure. Deferred product\\nrevenue at December 31, 2017 remained consistent with the balance at December 31, 2016. The deferred product\\nrevenue balance at December 31, 2016 primarily included customer arrangements with new product and new\\ncustomer acceptance clauses, which expired during the current year, while the balance at December 31, 2017\\nprimarily represents arrangements with a few of our larger customers related to the ongoing qualification activities\\nof our 945 investigation-related product redesigns. As we enter 2018, we expect to continue to work\\nwith these customers to complete their qualification activities, which may impact our business.\"},\"name\":\"fintabnet.ANET_2017_page_121__200dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":160067,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:ANET_2017\",\"dpi\":200,\"gt_sha256\":\"603125bb69cd2165f95f6989d540f37d95ce5c32200c01e563bfdff80267a630\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ANET_2017_page_121__200dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.ANET_2017_page_121\",\"pdf_sha256\":\"6f3cda05f1e5984d80ec0e27429cfee60f679457cc2f4cd51e5754e25e9fd501\",\"px\":[1650,2150],\"scan\":{\"render\":\"0000000030a820803ff03f343ff43ffc3ffd3e013ffd3ffd3fe07ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"ANET_2017_page_121\",\"src\":{\"file_sha256\":\"bd30cdbcada9b884f3ad95c6834db8f0d52a3b05642bf924b0d617b1df25c044\",\"render\":\"0000000020fc20fc3ffc3ffc3ffc3ffc3ffd1c013ffd3ffc3ffc3ffc00000000\",\"text\":\"f49d4406f48421e388c887436c42443ca84b779039c11675ebc4b2f3ee982351\"},\"stack\":[{\"deg\":-2.286,\"op\":\"skew\"},{\"amp\":0.216,\"angle\":184.8,\"blob\":0.756,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.501},{\"op\":\"noise\",\"sigma\":16.978},{\"method\":\"global\",\"offset\":-0.045,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"6f3cda05f1e5984d80ec0e27429cfee60f679457cc2f4cd51e5754e25e9fd501\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/6f3cda05f1e5984d80ec0e27429cfee60f679457cc2f4cd51e5754e25e9fd501.pdf","asset_sha256":"6f3cda05f1e5984d80ec0e27429cfee60f679457cc2f4cd51e5754e25e9fd501","document_id":"fintabnet:ANET_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ANET_2017_page_121\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ANSS_2008_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ANSS_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[286.6,295.7,2119.3,437.2],\"lines\":[{\"bbox\":[369.9,295.7,2117.9,384.8],\"text\":\"As of December 31, 2008 and 2007, the Company’s intangible assets have estimated useful lives and are\"},{\"bbox\":[288.1,388.8,639.2,437.2],\"text\":\"classified as follows:\"}],\"order\":0,\"text\":\"As of December 31, 2008 and 2007, the Company’s intangible assets have estimated useful lives and are\\nclassified as follows:\"},{\"bbox\":[293.1,565.7,492.9,601.6],\"lines\":[{\"bbox\":[293.1,565.7,492.9,601.6],\"text\":\"(in thousands)\"}],\"order\":1,\"text\":\"(in thousands)\"},{\"bbox\":[1238.6,447.2,1697.0,573.9],\"lines\":[{\"bbox\":[1331.3,450.0,1601.4,487.9],\"text\":\"December 31, 2008\"},{\"bbox\":[1240.1,497.3,1695.1,540.6],\"text\":\"Gross Carrying Accumulated\"},{\"bbox\":[1294.2,538.9,1411.7,572.4],\"text\":\"Amount\"},{\"bbox\":[1505.5,530.5,1697.0,566.2],\"text\":\"Amortization\"}],\"order\":2,\"text\":\"December 31, 2008\\nGross Carrying Accumulated\\nAmount\\nAmortization\"},{\"bbox\":[1735.1,432.8,2193.5,559.5],\"lines\":[{\"bbox\":[1827.8,435.5,2097.9,473.5],\"text\":\"December 31, 2007\"},{\"bbox\":[1736.5,482.8,2191.5,526.1],\"text\":\"Gross Carrying Accumulated\"},{\"bbox\":[1790.6,524.4,1908.1,557.9],\"text\":\"Amount\"},{\"bbox\":[2002.0,516.1,2193.5,551.7],\"text\":\"Amortization\"}],\"order\":3,\"text\":\"December 31, 2007\\nGross Carrying Accumulated\\nAmount\\nAmortization\"},{\"bbox\":[294.8,603.8,1207.8,859.9],\"lines\":[{\"bbox\":[294.8,616.4,771.0,668.4],\"text\":\"Amortized intangible assets:\"},{\"bbox\":[379.5,651.7,1203.6,713.8],\"text\":\"Core technology (3–10 years) . . . . . . . . . . . . . . .\"},{\"bbox\":[380.9,699.6,1205.0,761.7],\"text\":\"Trademarks (3–10 years) . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[382.3,747.5,1206.4,809.6],\"text\":\"Non-compete agreements (2–5 years) . . . . . . . . .\"},{\"bbox\":[383.7,795.4,1207.8,857.5],\"text\":\"Customer lists (3–13 years) . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Amortized intangible assets:\\nCore technology (3–10 years) . . . . . . . . . . . . . . .\\nTrademarks (3–10 years) . . . . . . . . . . . . . . . . . . .\\nNon-compete agreements (2–5 years) . . . . . . . . .\\nCustomer lists (3–13 years) . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1277.5,644.9,1439.0,830.8],\"lines\":[{\"bbox\":[1277.5,644.9,1434.8,687.1],\"text\":\"$203,887\"},{\"bbox\":[1299.7,692.8,1436.2,734.4],\"text\":\"100,924\"},{\"bbox\":[1342.8,740.7,1437.6,781.1],\"text\":\"1,164\"},{\"bbox\":[1302.5,788.6,1439.0,830.2],\"text\":\"167,781\"}],\"order\":5,\"text\":\"$203,887\\n100,924\\n1,164\\n167,781\"},{\"bbox\":[1518.8,637.1,1708.1,823.8],\"lines\":[{\"bbox\":[1518.8,637.1,1703.9,680.1],\"text\":\"$ (68,472)\"},{\"bbox\":[1582.7,685.0,1705.3,726.2],\"text\":\"(3,981)\"},{\"bbox\":[1615.4,732.9,1706.7,773.1],\"text\":\"(683)\"},{\"bbox\":[1564.7,780.8,1708.1,822.6],\"text\":\"(27,579)\"}],\"order\":6,\"text\":\"$ (68,472)\\n(3,981)\\n(683)\\n(27,579)\"},{\"bbox\":[1773.9,630.4,1935.4,816.8],\"lines\":[{\"bbox\":[1773.9,630.4,1931.2,673.1],\"text\":\"$108,329\"},{\"bbox\":[1869.1,678.3,1932.6,718.3],\"text\":\"510\"},{\"bbox\":[1839.2,726.2,1934.0,767.1],\"text\":\"3,793\"},{\"bbox\":[1819.8,774.1,1935.4,815.6],\"text\":\"70,902\"}],\"order\":7,\"text\":\"$108,329\\n510\\n3,793\\n70,902\"},{\"bbox\":[2025.7,622.9,2194.1,809.5],\"lines\":[{\"bbox\":[2025.7,622.9,2189.9,665.8],\"text\":\"$(47,349)\"},{\"bbox\":[2100.0,670.8,2191.3,711.6],\"text\":\"(510)\"},{\"bbox\":[2070.2,718.7,2192.7,760.4],\"text\":\"(3,167)\"},{\"bbox\":[2050.7,766.6,2194.1,808.9],\"text\":\"(17,398)\"}],\"order\":8,\"text\":\"$(47,349)\\n(510)\\n(3,167)\\n(17,398)\"},{\"bbox\":[468.9,859.9,1209.7,919.6],\"lines\":[{\"bbox\":[468.9,859.9,1209.7,919.6],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1283.6,853.2,1440.8,895.4],\"lines\":[{\"bbox\":[1283.6,853.2,1440.8,895.4],\"text\":\"$473,756\"}],\"order\":10,\"text\":\"$473,756\"},{\"bbox\":[1524.9,845.3,1709.9,888.3],\"lines\":[{\"bbox\":[1524.9,845.3,1709.9,888.3],\"text\":\"$(100,715)\"}],\"order\":11,\"text\":\"$(100,715)\"},{\"bbox\":[1780.0,838.7,1937.3,881.4],\"lines\":[{\"bbox\":[1780.0,838.7,1937.3,881.4],\"text\":\"$183,534\"}],\"order\":12,\"text\":\"$183,534\"},{\"bbox\":[2031.8,831.1,2196.0,874.0],\"lines\":[{\"bbox\":[2031.8,831.1,2196.0,874.0],\"text\":\"$(68,424)\"}],\"order\":13,\"text\":\"$(68,424)\"},{\"bbox\":[304.4,932.8,1213.2,1045.3],\"lines\":[{\"bbox\":[304.4,944.2,820.0,997.4],\"text\":\"Unamortized intangible assets:\"},{\"bbox\":[389.1,980.7,1213.2,1042.9],\"text\":\"Trademarks . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":14,\"text\":\"Unamortized intangible assets:\\nTrademarks . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1287.1,977.9,1309.0,1016.2],\"lines\":[{\"bbox\":[1287.1,977.9,1309.0,1016.2],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[1380.8,974.0,1444.4,1013.4],\"lines\":[{\"bbox\":[1380.8,974.0,1444.4,1013.4],\"text\":\"357\"}],\"order\":16,\"text\":\"357\"},{\"bbox\":[1783.5,959.5,1940.8,1002.2],\"lines\":[{\"bbox\":[1783.5,959.5,1940.8,1002.2],\"text\":\"$ 61,740\"}],\"order\":17,\"text\":\"$ 61,740\"},{\"bbox\":[309.5,1079.5,2115.0,1220.2],\"lines\":[{\"bbox\":[392.8,1079.5,2113.6,1167.8],\"text\":\"Amortization expense for intangible assets reflected above was $38.1 million, $29.9 million, and $20.9\"},{\"bbox\":[310.9,1144.2,1611.2,1220.2],\"text\":\"million for the years ended December 31, 2008, 2007, and 2006, respectively.\"}],\"order\":18,\"text\":\"Amortization expense for intangible assets reflected above was $38.1 million, $29.9 million, and $20.9\\nmillion for the years ended December 31, 2008, 2007, and 2006, respectively.\"},{\"bbox\":[313.9,1227.9,2173.1,1420.1],\"lines\":[{\"bbox\":[397.2,1228.3,2156.2,1317.7],\"text\":\"Amortization expense for the amortized intangible assets reflected above is expected to be approximately\"},{\"bbox\":[315.3,1277.9,2171.7,1370.1],\"text\":\"$52.1 million, $48.4 million, $45.1 million, $41.9 million and $36.9 million for the years ending December 31,\"},{\"bbox\":[316.8,1358.9,1110.3,1420.1],\"text\":\"2009, 2010, 2011, 2012 and 2013, respectively.\"}],\"order\":19,\"text\":\"Amortization expense for the amortized intangible assets reflected above is expected to be approximately\\n$52.1 million, $48.4 million, $45.1 million, $41.9 million and $36.9 million for the years ending December 31,\\n2009, 2010, 2011, 2012 and 2013, respectively.\"},{\"bbox\":[403.0,1434.1,1960.2,1517.7],\"lines\":[{\"bbox\":[403.0,1434.1,1960.2,1517.7],\"text\":\"The changes in goodwill during the years ended December 31, 2008 and 2007 are as follows:\"}],\"order\":20,\"text\":\"The changes in goodwill during the years ended December 31, 2008 and 2007 are as follows:\"},{\"bbox\":[1841.9,1515.8,2218.2,1606.8],\"lines\":[{\"bbox\":[1841.9,1515.8,2216.7,1556.8],\"text\":\"Year Ended December 31,\"},{\"bbox\":[1898.1,1573.2,1965.6,1605.2],\"text\":\"2008\"},{\"bbox\":[2111.5,1566.9,2179.0,1599.0],\"text\":\"2007\"}],\"order\":21,\"text\":\"Year Ended December 31,\\n2008\\n2007\"},{\"bbox\":[323.8,1615.2,523.5,1651.2],\"lines\":[{\"bbox\":[323.8,1615.2,523.5,1651.2],\"text\":\"(in thousands)\"}],\"order\":22,\"text\":\"(in thousands)\"},{\"bbox\":[325.5,1624.0,2252.1,2149.0],\"lines\":[{\"bbox\":[325.5,1624.4,2225.8,1717.9],\"text\":\"Beginning balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 453,689 $452,824\"},{\"bbox\":[326.9,1684.7,1800.3,1765.8],\"text\":\"Acquisition of Ansoft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1892.9,1678.0,2029.3,1719.6],\"text\":\"601,146\"},{\"bbox\":[2163.6,1672.9,2206.3,1712.2],\"text\":\"—\"},{\"bbox\":[328.3,1732.6,1801.7,1813.7],\"text\":\"Ansoft stock option tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1922.0,1725.5,2044.5,1766.7],\"text\":\"(3,913)\"},{\"bbox\":[2165.0,1720.8,2207.7,1760.1],\"text\":\"—\"},{\"bbox\":[329.7,1780.5,1803.1,1861.6],\"text\":\"Acquisition of Fluent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1968.5,1774.4,2011.3,1813.3],\"text\":\"—\"},{\"bbox\":[2121.2,1767.6,2243.7,1809.3],\"text\":\"(2,180)\"},{\"bbox\":[331.1,1828.4,1804.5,1909.5],\"text\":\"Other acquisition payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1969.9,1822.3,2012.7,1861.2],\"text\":\"—\"},{\"bbox\":[2167.8,1815.9,2231.4,1855.9],\"text\":\"144\"},{\"bbox\":[332.5,1876.3,1805.9,1957.4],\"text\":\"Adoption of FIN 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1971.3,1870.2,2014.1,1909.1],\"text\":\"—\"},{\"bbox\":[2137.9,1863.8,2232.8,1904.7],\"text\":\"1,429\"},{\"bbox\":[333.8,1924.2,1807.3,2005.3],\"text\":\"Currency translation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1927.5,1917.1,2050.1,1958.3],\"text\":\"(1,874)\"},{\"bbox\":[2139.3,1911.7,2234.2,1952.6],\"text\":\"1,472\"},{\"bbox\":[335.2,1972.1,1808.6,2053.2],\"text\":\"Pre-acquisition tax contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1928.9,1965.0,2051.5,2006.2],\"text\":\"(1,007)\"},{\"bbox\":[2172.0,1960.2,2214.7,1999.6],\"text\":\"—\"},{\"bbox\":[336.6,2020.0,1810.0,2101.1],\"text\":\"Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1982.4,2012.9,2052.9,2052.6],\"text\":\"(38)\"},{\"bbox\":[2173.4,2008.1,2216.1,2047.5],\"text\":\"—\"},{\"bbox\":[338.0,2055.4,2238.3,2149.0],\"text\":\"Ending balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,048,003 $453,689\"}],\"order\":23,\"text\":\"Beginning balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 453,689 $452,824\\nAcquisition of Ansoft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n601,146\\n—\\nAnsoft stock option tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(3,913)\\n—\\nAcquisition of Fluent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n(2,180)\\nOther acquisition payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n144\\nAdoption of FIN 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n1,429\\nCurrency translation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,874)\\n1,472\\nPre-acquisition tax contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,007)\\n—\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(38)\\n—\\nEnding balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,048,003 $453,689\"},{\"bbox\":[341.0,2155.7,2240.4,2548.8],\"lines\":[{\"bbox\":[424.3,2155.7,2231.7,2246.5],\"text\":\"In conjunction with the Ansoft acquisition, Ansoft stock option holders received approximately 1.94 million\"},{\"bbox\":[342.4,2208.6,2130.6,2298.9],\"text\":\"fully vested ANSYS options. As these options are exercised, ANSYS may receive a tax benefit that will be\"},{\"bbox\":[343.9,2258.1,2150.1,2348.9],\"text\":\"treated as a reduction in goodwill. As of December 31, 2008, there are currently 1.35 million shares of these\"},{\"bbox\":[345.3,2308.4,2139.4,2398.9],\"text\":\"options outstanding. The change in goodwill in 2007 related to the acquisition of Fluent relates primarily to\"},{\"bbox\":[346.8,2355.8,2230.2,2448.9],\"text\":\"adjustments for the resolution of certain uncertain tax positions recorded against goodwill as part of the adoption\"},{\"bbox\":[348.2,2407.8,2162.4,2498.8],\"text\":\"of FIN 48 and the finalization of certain pre-acquisition tax items related to Fluent that were identified in the\"},{\"bbox\":[349.7,2494.0,923.0,2548.8],\"text\":\"preparation of the 2006 tax return.\"}],\"order\":24,\"text\":\"In conjunction with the Ansoft acquisition, Ansoft stock option holders received approximately 1.94 million\\nfully vested ANSYS options. As these options are exercised, ANSYS may receive a tax benefit that will be\\ntreated as a reduction in goodwill. As of December 31, 2008, there are currently 1.35 million shares of these\\noptions outstanding. The change in goodwill in 2007 related to the acquisition of Fluent relates primarily to\\nadjustments for the resolution of certain uncertain tax positions recorded against goodwill as part of the adoption\\nof FIN 48 and the finalization of certain pre-acquisition tax items related to Fluent that were identified in the\\npreparation of the 2006 tax return.\"},{\"bbox\":[1292.7,2969.6,1335.5,3009.0],\"lines\":[{\"bbox\":[1292.7,2969.6,1335.5,3009.0],\"text\":\"70\"}],\"order\":25,\"text\":\"70\"}],\"doc\":\"fintabnet:ANSS_2008\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"As of December 31, 2008 and 2007, the Company’s intangible assets have estimated useful lives and are\\nclassified as follows:\\n\\n(in thousands)\\n\\nDecember 31, 2008\\nGross Carrying Accumulated\\nAmount\\nAmortization\\n\\nDecember 31, 2007\\nGross Carrying Accumulated\\nAmount\\nAmortization\\n\\nAmortized intangible assets:\\nCore technology (3–10 years) . . . . . . . . . . . . . . .\\nTrademarks (3–10 years) . . . . . . . . . . . . . . . . . . .\\nNon-compete agreements (2–5 years) . . . . . . . . .\\nCustomer lists (3–13 years) . . . . . . . . . . . . . . . . .\\n\\n$203,887\\n100,924\\n1,164\\n167,781\\n\\n$ (68,472)\\n(3,981)\\n(683)\\n(27,579)\\n\\n$108,329\\n510\\n3,793\\n70,902\\n\\n$(47,349)\\n(510)\\n(3,167)\\n(17,398)\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$473,756\\n\\n$(100,715)\\n\\n$183,534\\n\\n$(68,424)\\n\\nUnamortized intangible assets:\\nTrademarks . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n357\\n\\n$ 61,740\\n\\nAmortization expense for intangible assets reflected above was $38.1 million, $29.9 million, and $20.9\\nmillion for the years ended December 31, 2008, 2007, and 2006, respectively.\\n\\nAmortization expense for the amortized intangible assets reflected above is expected to be approximately\\n$52.1 million, $48.4 million, $45.1 million, $41.9 million and $36.9 million for the years ending December 31,\\n2009, 2010, 2011, 2012 and 2013, respectively.\\n\\nThe changes in goodwill during the years ended December 31, 2008 and 2007 are as follows:\\n\\nYear Ended December 31,\\n2008\\n2007\\n\\n(in thousands)\\n\\nBeginning balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 453,689 $452,824\\nAcquisition of Ansoft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n601,146\\n—\\nAnsoft stock option tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(3,913)\\n—\\nAcquisition of Fluent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n(2,180)\\nOther acquisition payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n144\\nAdoption of FIN 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n1,429\\nCurrency translation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,874)\\n1,472\\nPre-acquisition tax contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,007)\\n—\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(38)\\n—\\nEnding balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,048,003 $453,689\\n\\nIn conjunction with the Ansoft acquisition, Ansoft stock option holders received approximately 1.94 million\\nfully vested ANSYS options. As these options are exercised, ANSYS may receive a tax benefit that will be\\ntreated as a reduction in goodwill. As of December 31, 2008, there are currently 1.35 million shares of these\\noptions outstanding. The change in goodwill in 2007 related to the acquisition of Fluent relates primarily to\\nadjustments for the resolution of certain uncertain tax positions recorded against goodwill as part of the adoption\\nof FIN 48 and the finalization of certain pre-acquisition tax items related to Fluent that were identified in the\\npreparation of the 2006 tax return.\\n\\n70\",\"name\":\"fintabnet.ANSS_2008_page_80__300dpi_medium\",\"page_id\":\"fintabnet.ANSS_2008_page_80\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.671,\"source\":\"fintabnet\",\"source_id\":\"ANSS_2008_page_80\",\"stack\":[{\"deg\":1.671,\"op\":\"skew\"},{\"amp\":0.18,\"angle\":111.8,\"blob\":0.753,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.713},{\"gain\":0.661,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":58}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[290.5,425.1,2206.4,1045.3],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17],\"cells\":null},{\"bbox\":[322.1,1507.5,2252.1,2149.0],\"block_orders\":[21,22,23],\"cells\":null}],\"text\":\"As of December 31, 2008 and 2007, the Company’s intangible assets have estimated useful lives and are\\nclassified as follows:\\n\\n(in thousands)\\n\\nDecember 31, 2008\\nGross Carrying Accumulated\\nAmount\\nAmortization\\n\\nDecember 31, 2007\\nGross Carrying Accumulated\\nAmount\\nAmortization\\n\\nAmortized intangible assets:\\nCore technology (3–10 years) . . . . . . . . . . . . . . .\\nTrademarks (3–10 years) . . . . . . . . . . . . . . . . . . .\\nNon-compete agreements (2–5 years) . . . . . . . . .\\nCustomer lists (3–13 years) . . . . . . . . . . . . . . . . .\\n\\n$203,887\\n100,924\\n1,164\\n167,781\\n\\n$ (68,472)\\n(3,981)\\n(683)\\n(27,579)\\n\\n$108,329\\n510\\n3,793\\n70,902\\n\\n$(47,349)\\n(510)\\n(3,167)\\n(17,398)\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$473,756\\n\\n$(100,715)\\n\\n$183,534\\n\\n$(68,424)\\n\\nUnamortized intangible assets:\\nTrademarks . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n357\\n\\n$ 61,740\\n\\nAmortization expense for intangible assets reflected above was $38.1 million, $29.9 million, and $20.9\\nmillion for the years ended December 31, 2008, 2007, and 2006, respectively.\\n\\nAmortization expense for the amortized intangible assets reflected above is expected to be approximately\\n$52.1 million, $48.4 million, $45.1 million, $41.9 million and $36.9 million for the years ending December 31,\\n2009, 2010, 2011, 2012 and 2013, respectively.\\n\\nThe changes in goodwill during the years ended December 31, 2008 and 2007 are as follows:\\n\\nYear Ended December 31,\\n2008\\n2007\\n\\n(in thousands)\\n\\nBeginning balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 453,689 $452,824\\nAcquisition of Ansoft . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n601,146\\n—\\nAnsoft stock option tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(3,913)\\n—\\nAcquisition of Fluent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n(2,180)\\nOther acquisition payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n144\\nAdoption of FIN 48 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n1,429\\nCurrency translation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,874)\\n1,472\\nPre-acquisition tax contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,007)\\n—\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(38)\\n—\\nEnding balance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,048,003 $453,689\\n\\nIn conjunction with the Ansoft acquisition, Ansoft stock option holders received approximately 1.94 million\\nfully vested ANSYS options. As these options are exercised, ANSYS may receive a tax benefit that will be\\ntreated as a reduction in goodwill. As of December 31, 2008, there are currently 1.35 million shares of these\\noptions outstanding. The change in goodwill in 2007 related to the acquisition of Fluent relates primarily to\\nadjustments for the resolution of certain uncertain tax positions recorded against goodwill as part of the adoption\\nof FIN 48 and the finalization of certain pre-acquisition tax items related to Fluent that were identified in the\\npreparation of the 2006 tax return.\\n\\n70\"},\"name\":\"fintabnet.ANSS_2008_page_80__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":268368,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:ANSS_2008\",\"dpi\":300,\"gt_sha256\":\"af93d8a9a46f1cb36d4f159b773af399607825b6c1c67156f5a07e19f58e2d11\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ANSS_2008_page_80__300dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.ANSS_2008_page_80\",\"pdf_sha256\":\"4969503b7dcd4d5253e0d08d1fd535c620c591a3d5c3ba1f62865f18d240259c\",\"px\":[2550,3300],\"scan\":{\"render\":\"0000100020c03ca038803f003f803c0c3c083c08fffcfffcff00ffc0fff0fffe\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"ANSS_2008_page_80\",\"src\":{\"file_sha256\":\"7a5fc269971377f93d3bc15f2959651955c6d87ad3ed0a9c0f7559464e5b7fe8\",\"render\":\"0000300030fc3cfc38fc3fd83ff8301c380c380c3ffc3ffc0000000000000000\",\"text\":\"512294028e55d5ba877a95bdd582c91b5e947c1a5c85f4c15b33f29b2145bd3a\"},\"stack\":[{\"deg\":1.671,\"op\":\"skew\"},{\"amp\":0.18,\"angle\":111.8,\"blob\":0.753,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.713},{\"gain\":0.661,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":58}],\"tools\":\"21647cade0ee\"},\"sha256\":\"4969503b7dcd4d5253e0d08d1fd535c620c591a3d5c3ba1f62865f18d240259c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/4969503b7dcd4d5253e0d08d1fd535c620c591a3d5c3ba1f62865f18d240259c.pdf","asset_sha256":"4969503b7dcd4d5253e0d08d1fd535c620c591a3d5c3ba1f62865f18d240259c","document_id":"fintabnet:ANSS_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ANSS_2008_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ANSS_2013_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ANSS_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[80.8,33.5,229.3,60.9],\"lines\":[{\"bbox\":[80.8,33.5,229.3,60.9],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[82.7,70.7,1130.4,174.4],\"lines\":[{\"bbox\":[82.7,70.7,1128.9,124.4],\"text\":\"The assets and liabilities of Apache have been recorded based on management’s estimates of their fair market values as of the\"},{\"bbox\":[83.4,95.8,1125.9,149.4],\"text\":\"acquisition date. The following tables summarize the fair value of consideration transferred and the fair values of identifiable\"},{\"bbox\":[84.2,136.3,598.5,174.4],\"text\":\"assets acquired and liabilities assumed at the acquisition date:\"}],\"order\":1,\"text\":\"The assets and liabilities of Apache have been recorded based on management’s estimates of their fair market values as of the\\nacquisition date. The following tables summarize the fair value of consideration transferred and the fair values of identifiable\\nassets acquired and liabilities assumed at the acquisition date:\"},{\"bbox\":[85.5,184.3,451.3,218.1],\"lines\":[{\"bbox\":[85.5,184.3,451.3,218.1],\"text\":\"Fair Value of Consideration Transferred:\"}],\"order\":2,\"text\":\"Fair Value of Consideration Transferred:\"},{\"bbox\":[93.0,235.8,193.1,257.2],\"lines\":[{\"bbox\":[93.0,235.8,193.1,257.2],\"text\":\"(in thousands)\"}],\"order\":3,\"text\":\"(in thousands)\"},{\"bbox\":[93.7,251.8,496.1,380.2],\"lines\":[{\"bbox\":[93.7,262.2,136.0,286.5],\"text\":\"Cash\"},{\"bbox\":[94.6,288.5,305.3,317.7],\"text\":\"Contingent consideration\"},{\"bbox\":[95.6,317.4,387.2,349.0],\"text\":\"ANSYS replacement stock options\"},{\"bbox\":[134.0,345.5,496.1,379.1],\"text\":\"Total consideration transferred at fair value\"}],\"order\":4,\"text\":\"Cash\\nContingent consideration\\nANSYS replacement stock options\\nTotal consideration transferred at fair value\"},{\"bbox\":[1024.6,237.7,1035.7,261.1],\"lines\":[{\"bbox\":[1024.6,237.7,1035.7,261.1],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[1027.3,329.3,1038.4,352.7],\"lines\":[{\"bbox\":[1027.3,329.3,1038.4,352.7],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[1079.1,234.4,1150.1,351.1],\"lines\":[{\"bbox\":[1079.1,234.4,1147.4,259.5],\"text\":\"301,306\"},{\"bbox\":[1100.8,265.7,1148.4,290.1],\"text\":\"9,501\"},{\"bbox\":[1101.7,296.9,1149.3,321.3],\"text\":\"3,170\"},{\"bbox\":[1081.8,326.0,1150.1,351.1],\"text\":\"313,977\"}],\"order\":7,\"text\":\"301,306\\n9,501\\n3,170\\n313,977\"},{\"bbox\":[91.8,389.3,781.6,432.6],\"lines\":[{\"bbox\":[91.8,389.3,781.6,432.6],\"text\":\"Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:\"}],\"order\":8,\"text\":\"Recognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:\"},{\"bbox\":[99.2,447.0,250.7,469.9],\"lines\":[{\"bbox\":[99.2,447.0,250.7,469.9],\"text\":\"(dollars in thousands)\"}],\"order\":9,\"text\":\"(dollars in thousands)\"},{\"bbox\":[99.9,464.7,488.8,817.5],\"lines\":[{\"bbox\":[99.9,467.8,374.2,498.9],\"text\":\"Cash and short-term investments\"},{\"bbox\":[100.8,493.9,480.3,528.1],\"text\":\"Accounts receivable and other tangible assets\"},{\"bbox\":[101.7,526.2,374.7,557.2],\"text\":\"Developed software (7-year life)\"},{\"bbox\":[102.5,554.3,411.5,586.4],\"text\":\"Customer relationships (15-year life)\"},{\"bbox\":[103.4,585.2,352.1,615.5],\"text\":\"Contract backlog (3-year life)\"},{\"bbox\":[104.2,612.2,426.5,644.7],\"text\":\"Platform trade names (indefinite lives)\"},{\"bbox\":[105.1,643.0,371.7,673.8],\"text\":\"Apache trade name (6-year life)\"},{\"bbox\":[105.9,670.7,421.2,703.0],\"text\":\"Accounts payable and other liabilities\"},{\"bbox\":[106.8,704.8,252.6,732.1],\"text\":\"Deferred revenue\"},{\"bbox\":[107.6,731.9,326.4,761.3],\"text\":\"Net deferred tax liabilities\"},{\"bbox\":[146.0,759.6,375.1,789.4],\"text\":\"Total identifiable net assets\"},{\"bbox\":[109.3,792.2,188.6,817.5],\"text\":\"Goodwill\"}],\"order\":10,\"text\":\"Cash and short-term investments\\nAccounts receivable and other tangible assets\\nDeveloped software (7-year life)\\nCustomer relationships (15-year life)\\nContract backlog (3-year life)\\nPlatform trade names (indefinite lives)\\nApache trade name (6-year life)\\nAccounts payable and other liabilities\\nDeferred revenue\\nNet deferred tax liabilities\\nTotal identifiable net assets\\nGoodwill\"},{\"bbox\":[1030.8,448.3,1041.9,471.6],\"lines\":[{\"bbox\":[1030.8,448.3,1041.9,471.6],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[1039.3,739.5,1051.2,789.9],\"lines\":[{\"bbox\":[1039.3,739.5,1050.4,762.8],\"text\":\"$\"},{\"bbox\":[1040.1,766.5,1051.2,789.9],\"text\":\"$\"}],\"order\":12,\"text\":\"$\\n$\"},{\"bbox\":[1085.3,444.8,1169.9,788.3],\"lines\":[{\"bbox\":[1095.7,445.0,1153.6,469.7],\"text\":\"31,948\"},{\"bbox\":[1106.9,474.1,1154.5,498.6],\"text\":\"6,011\"},{\"bbox\":[1097.4,503.3,1155.3,528.0],\"text\":\"82,500\"},{\"bbox\":[1098.2,532.4,1156.2,557.2],\"text\":\"36,100\"},{\"bbox\":[1099.1,561.6,1157.0,586.3],\"text\":\"13,500\"},{\"bbox\":[1099.9,590.7,1157.9,615.5],\"text\":\"21,900\"},{\"bbox\":[1111.2,619.9,1158.7,644.3],\"text\":\"2,100\"},{\"bbox\":[1094.7,648.7,1166.5,673.9],\"text\":\"(16,867)\"},{\"bbox\":[1095.5,677.9,1167.4,703.0],\"text\":\"(10,100)\"},{\"bbox\":[1096.4,707.1,1168.2,732.2],\"text\":\"(47,229)\"},{\"bbox\":[1093.8,736.2,1162.2,761.2],\"text\":\"119,863\"},{\"bbox\":[1094.6,763.3,1162.9,788.3],\"text\":\"194,114\"}],\"order\":13,\"text\":\"31,948\\n6,011\\n82,500\\n36,100\\n13,500\\n21,900\\n2,100\\n(16,867)\\n(10,100)\\n(47,229)\\n119,863\\n194,114\"},{\"bbox\":[104.5,813.9,1160.0,917.8],\"lines\":[{\"bbox\":[104.5,815.8,1093.1,867.8],\"text\":\"The goodwill, which is not tax-deductible, is attributed to intangible assets that do not qualify for separate recognition,\"},{\"bbox\":[105.3,838.9,1159.2,892.8],\"text\":\"including the assembled workforce of the acquired business and the synergies expected to arise as a result of the acquisition of\"},{\"bbox\":[106.0,892.7,175.5,917.8],\"text\":\"Apache.\"}],\"order\":14,\"text\":\"The goodwill, which is not tax-deductible, is attributed to intangible assets that do not qualify for separate recognition,\\nincluding the assembled workforce of the acquired business and the synergies expected to arise as a result of the acquisition of\\nApache.\"},{\"bbox\":[108.5,981.8,124.8,1005.3],\"lines\":[{\"bbox\":[108.5,981.8,124.8,1005.3],\"text\":\"4.\"}],\"order\":15,\"text\":\"4.\"},{\"bbox\":[146.0,975.5,336.8,1004.2],\"lines\":[{\"bbox\":[146.0,975.5,336.8,1004.2],\"text\":\"Other Current Assets\"}],\"order\":16,\"text\":\"Other Current Assets\"},{\"bbox\":[109.8,994.9,1171.4,1099.0],\"lines\":[{\"bbox\":[109.8,994.9,1170.0,1049.0],\"text\":\"The Company reports accounts receivable, related to the current portion of annual lease licenses and software maintenance that\"},{\"bbox\":[110.6,1020.3,1154.6,1074.0],\"text\":\"has not yet been recognized as revenue, as components of other receivables and current assets. The amounts reported in other\"},{\"bbox\":[111.3,1046.3,1122.6,1099.0],\"text\":\"receivables and current assets totaled $140.1 million and $149.3 million as of December 31, 2013 and 2012, respectively.\"}],\"order\":17,\"text\":\"The Company reports accounts receivable, related to the current portion of annual lease licenses and software maintenance that\\nhas not yet been recognized as revenue, as components of other receivables and current assets. The amounts reported in other\\nreceivables and current assets totaled $140.1 million and $149.3 million as of December 31, 2013 and 2012, respectively.\"},{\"bbox\":[112.6,1088.5,1178.4,1192.7],\"lines\":[{\"bbox\":[112.6,1089.7,1135.8,1142.7],\"text\":\"The Company reports income taxes receivable, including amounts related to overpayments and refunds, as a component of\"},{\"bbox\":[113.3,1113.5,1177.7,1167.7],\"text\":\"other receivables and current assets. These amounts totaled $42.4 million and $48.9 million as of December 31, 2013 and 2012,\"},{\"bbox\":[114.0,1166.6,219.2,1192.7],\"text\":\"respectively.\"}],\"order\":18,\"text\":\"The Company reports income taxes receivable, including amounts related to overpayments and refunds, as a component of\\nother receivables and current assets. These amounts totaled $42.4 million and $48.9 million as of December 31, 2013 and 2012,\\nrespectively.\"},{\"bbox\":[116.6,1256.6,132.9,1280.2],\"lines\":[{\"bbox\":[116.6,1256.6,132.9,1280.2],\"text\":\"5.\"}],\"order\":19,\"text\":\"5.\"},{\"bbox\":[154.1,1248.6,408.2,1279.1],\"lines\":[{\"bbox\":[154.1,1248.6,408.2,1279.1],\"text\":\"Other Long-Term Liabilities\"}],\"order\":20,\"text\":\"Other Long-Term Liabilities\"},{\"bbox\":[117.9,1271.2,1130.5,1373.9],\"lines\":[{\"bbox\":[117.9,1271.5,1119.7,1323.9],\"text\":\"The Company reports reserves for uncertain tax positions, including estimated penalties and interest, in the consolidated\"},{\"bbox\":[118.6,1296.2,1129.8,1348.9],\"text\":\"balance sheets. These amounts totaled $18.8 million and $37.0 million as of December 31, 2013 and December 31, 2012,\"},{\"bbox\":[119.4,1347.7,224.5,1373.9],\"text\":\"respectively.\"}],\"order\":21,\"text\":\"The Company reports reserves for uncertain tax positions, including estimated penalties and interest, in the consolidated\\nbalance sheets. These amounts totaled $18.8 million and $37.0 million as of December 31, 2013 and December 31, 2012,\\nrespectively.\"},{\"bbox\":[648.8,1565.0,670.3,1588.6],\"lines\":[{\"bbox\":[648.8,1565.0,670.3,1588.6],\"text\":\"66\"}],\"order\":22,\"text\":\"66\"}],\"doc\":\"fintabnet:ANSS_2013\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nThe assets and liabilities of Apache have been recorded based on management’s estimates of their fair market values as of the\\nacquisition date. The following tables summarize the fair value of consideration transferred and the fair values of identifiable\\nassets acquired and liabilities assumed at the acquisition date:\\n\\nFair Value of Consideration Transferred:\\n\\n(in thousands)\\n\\nCash\\nContingent consideration\\nANSYS replacement stock options\\nTotal consideration transferred at fair value\\n\\n$\\n\\n$\\n\\n301,306\\n9,501\\n3,170\\n313,977\\n\\nRecognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:\\n\\n(dollars in thousands)\\n\\nCash and short-term investments\\nAccounts receivable and other tangible assets\\nDeveloped software (7-year life)\\nCustomer relationships (15-year life)\\nContract backlog (3-year life)\\nPlatform trade names (indefinite lives)\\nApache trade name (6-year life)\\nAccounts payable and other liabilities\\nDeferred revenue\\nNet deferred tax liabilities\\nTotal identifiable net assets\\nGoodwill\\n\\n$\\n\\n$\\n$\\n\\n31,948\\n6,011\\n82,500\\n36,100\\n13,500\\n21,900\\n2,100\\n(16,867)\\n(10,100)\\n(47,229)\\n119,863\\n194,114\\n\\nThe goodwill, which is not tax-deductible, is attributed to intangible assets that do not qualify for separate recognition,\\nincluding the assembled workforce of the acquired business and the synergies expected to arise as a result of the acquisition of\\nApache.\\n\\n4.\\n\\nOther Current Assets\\n\\nThe Company reports accounts receivable, related to the current portion of annual lease licenses and software maintenance that\\nhas not yet been recognized as revenue, as components of other receivables and current assets. The amounts reported in other\\nreceivables and current assets totaled $140.1 million and $149.3 million as of December 31, 2013 and 2012, respectively.\\n\\nThe Company reports income taxes receivable, including amounts related to overpayments and refunds, as a component of\\nother receivables and current assets. These amounts totaled $42.4 million and $48.9 million as of December 31, 2013 and 2012,\\nrespectively.\\n\\n5.\\n\\nOther Long-Term Liabilities\\n\\nThe Company reports reserves for uncertain tax positions, including estimated penalties and interest, in the consolidated\\nbalance sheets. These amounts totaled $18.8 million and $37.0 million as of December 31, 2013 and December 31, 2012,\\nrespectively.\\n\\n66\",\"name\":\"fintabnet.ANSS_2013_page_80__150dpi_medium\",\"page_id\":\"fintabnet.ANSS_2013_page_80\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.68,\"source\":\"fintabnet\",\"source_id\":\"ANSS_2013_page_80\",\"stack\":[{\"deg\":1.68,\"op\":\"skew\"},{\"amp\":0.154,\"angle\":164.5,\"blob\":0.216,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.746},{\"op\":\"noise\",\"sigma\":5.806},{\"op\":\"jpeg\",\"q\":56}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[93.7,232.6,1150.1,380.2],\"block_orders\":[4,5,6,7],\"cells\":null},{\"bbox\":[99.9,444.8,1169.9,817.5],\"block_orders\":[10,11,12,13],\"cells\":null}],\"text\":\"Table of Contents\\n\\nThe assets and liabilities of Apache have been recorded based on management’s estimates of their fair market values as of the\\nacquisition date. The following tables summarize the fair value of consideration transferred and the fair values of identifiable\\nassets acquired and liabilities assumed at the acquisition date:\\n\\nFair Value of Consideration Transferred:\\n\\n(in thousands)\\n\\nCash\\nContingent consideration\\nANSYS replacement stock options\\nTotal consideration transferred at fair value\\n\\n$\\n\\n$\\n\\n301,306\\n9,501\\n3,170\\n313,977\\n\\nRecognized Amounts of Identifiable Assets Acquired and Liabilities Assumed:\\n\\n(dollars in thousands)\\n\\nCash and short-term investments\\nAccounts receivable and other tangible assets\\nDeveloped software (7-year life)\\nCustomer relationships (15-year life)\\nContract backlog (3-year life)\\nPlatform trade names (indefinite lives)\\nApache trade name (6-year life)\\nAccounts payable and other liabilities\\nDeferred revenue\\nNet deferred tax liabilities\\nTotal identifiable net assets\\nGoodwill\\n\\n$\\n\\n$\\n$\\n\\n31,948\\n6,011\\n82,500\\n36,100\\n13,500\\n21,900\\n2,100\\n(16,867)\\n(10,100)\\n(47,229)\\n119,863\\n194,114\\n\\nThe goodwill, which is not tax-deductible, is attributed to intangible assets that do not qualify for separate recognition,\\nincluding the assembled workforce of the acquired business and the synergies expected to arise as a result of the acquisition of\\nApache.\\n\\n4.\\n\\nOther Current Assets\\n\\nThe Company reports accounts receivable, related to the current portion of annual lease licenses and software maintenance that\\nhas not yet been recognized as revenue, as components of other receivables and current assets. The amounts reported in other\\nreceivables and current assets totaled $140.1 million and $149.3 million as of December 31, 2013 and 2012, respectively.\\n\\nThe Company reports income taxes receivable, including amounts related to overpayments and refunds, as a component of\\nother receivables and current assets. These amounts totaled $42.4 million and $48.9 million as of December 31, 2013 and 2012,\\nrespectively.\\n\\n5.\\n\\nOther Long-Term Liabilities\\n\\nThe Company reports reserves for uncertain tax positions, including estimated penalties and interest, in the consolidated\\nbalance sheets. 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(filed as Exhibit 2.1 to the Company’s Current Report on\"},{\"bbox\":[306.0,494.4,1082.4,537.1],\"text\":\"Form 8-K, filed June 30, 2011, and incorporated herein by reference).\"}],\"order\":8,\"text\":\"Agreement and Plan of Merger, dated June 29, 2011, by and among ANSYS, Inc., Power Play Merger Sub, Inc.,\\nApache Design Solutions, Inc. and Papachey, Inc. (filed as Exhibit 2.1 to the Company’s Current Report on\\nForm 8-K, filed June 30, 2011, and incorporated herein by reference).\"},{\"bbox\":[176.7,545.2,239.7,576.9],\"lines\":[{\"bbox\":[176.7,545.2,239.7,576.9],\"text\":\"10.17\"}],\"order\":9,\"text\":\"10.17\"},{\"bbox\":[304.3,547.2,1523.7,652.2],\"lines\":[{\"bbox\":[305.2,547.2,1523.7,596.7],\"text\":\"Deferred Stock Unit Agreement under the Third Amended and Restated ANSYS, Inc. 1996 Stock Option and\"},{\"bbox\":[304.8,574.9,1471.6,623.6],\"text\":\"Grant Plan (filed as Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\"},{\"bbox\":[304.3,602.7,973.5,643.8],\"text\":\"September 30, 2008 and incorporated herein by reference).*\"}],\"order\":10,\"text\":\"Deferred Stock Unit Agreement under the Third Amended and Restated ANSYS, Inc. 1996 Stock Option and\\nGrant Plan (filed as Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\\nSeptember 30, 2008 and incorporated herein by reference).*\"},{\"bbox\":[175.1,653.5,238.0,685.2],\"lines\":[{\"bbox\":[175.1,653.5,238.0,685.2],\"text\":\"10.18\"}],\"order\":11,\"text\":\"10.18\"},{\"bbox\":[303.1,655.5,1554.5,733.3],\"lines\":[{\"bbox\":[303.5,655.5,1554.5,705.5],\"text\":\"Amended and Restated ANSYS, Inc. Cash Bonus Plan (filed as Exhibit 10.5 to the Company’s Quarterly Report\"},{\"bbox\":[303.1,683.3,1377.2,730.5],\"text\":\"on Form 10-Q for the quarter ended September 30, 2008 and incorporated herein by reference).*\"}],\"order\":12,\"text\":\"Amended and Restated ANSYS, Inc. Cash Bonus Plan (filed as Exhibit 10.5 to the Company’s Quarterly Report\\non Form 10-Q for the quarter ended September 30, 2008 and incorporated herein by reference).*\"},{\"bbox\":[173.8,734.1,236.8,765.8],\"lines\":[{\"bbox\":[173.8,734.1,236.8,765.8],\"text\":\"10.19\"}],\"order\":13,\"text\":\"10.19\"},{\"bbox\":[301.4,736.0,1557.1,841.6],\"lines\":[{\"bbox\":[302.3,736.0,1467.6,784.7],\"text\":\"First Amendment of the Employment Agreement Between the Company and James E. Cashman III as of\"},{\"bbox\":[301.9,763.8,1556.6,813.9],\"text\":\"November 6, 2008 (filed as Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\"},{\"bbox\":[301.4,791.6,970.6,832.6],\"text\":\"September 30, 2008 and incorporated herein by reference).*\"}],\"order\":14,\"text\":\"First Amendment of the Employment Agreement Between the Company and James E. Cashman III as of\\nNovember 6, 2008 (filed as Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\\nSeptember 30, 2008 and incorporated herein by reference).*\"},{\"bbox\":[172.2,842.4,235.1,874.1],\"lines\":[{\"bbox\":[172.2,842.4,235.1,874.1],\"text\":\"10.20\"}],\"order\":15,\"text\":\"10.20\"},{\"bbox\":[299.8,844.4,1529.2,949.6],\"lines\":[{\"bbox\":[300.6,844.4,1529.2,894.0],\"text\":\"First Amendment of the Employment Agreement Between the Company and Peter J. Smith as of November 6,\"},{\"bbox\":[300.2,872.1,1403.0,919.8],\"text\":\"2008 (filed as Exhibit 10.7 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\"},{\"bbox\":[299.8,899.9,968.9,940.9],\"text\":\"September 30, 2008 and incorporated herein by reference).*\"}],\"order\":16,\"text\":\"First Amendment of the Employment Agreement Between the Company and Peter J. Smith as of November 6,\\n2008 (filed as Exhibit 10.7 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\\nSeptember 30, 2008 and incorporated herein by reference).*\"},{\"bbox\":[170.4,959.0,233.3,990.7],\"lines\":[{\"bbox\":[170.4,959.0,233.3,990.7],\"text\":\"10.21\"}],\"order\":17,\"text\":\"10.21\"},{\"bbox\":[298.4,961.0,1536.7,1038.6],\"lines\":[{\"bbox\":[298.8,961.0,1536.7,1010.8],\"text\":\"Amendment to the Compensatory Arrangement for Peter J. Smith (filed as Item 5.02 to the Company’s Current\"},{\"bbox\":[298.4,988.8,1206.0,1033.5],\"text\":\"Report on Form 8-K, filed May 15, 2009, and incorporated herein by reference).*\"}],\"order\":18,\"text\":\"Amendment to the Compensatory Arrangement for Peter J. Smith (filed as Item 5.02 to the Company’s Current\\nReport on Form 8-K, filed May 15, 2009, and incorporated herein by reference).*\"},{\"bbox\":[169.1,1039.6,232.1,1071.3],\"lines\":[{\"bbox\":[169.1,1039.6,232.1,1071.3],\"text\":\"10.22\"}],\"order\":19,\"text\":\"10.22\"},{\"bbox\":[297.2,1041.6,1478.3,1118.2],\"lines\":[{\"bbox\":[297.6,1041.6,1478.3,1090.5],\"text\":\"ANSYS, Inc. Long-Term Incentive Plan, dated February 17, 2010 (filed as Exhibit 10.1 to the Company’s\"},{\"bbox\":[297.2,1069.3,1345.9,1116.2],\"text\":\"Current Report on Form 8-K, filed February 23, 2010, and incorporated herein by reference).*\"}],\"order\":20,\"text\":\"ANSYS, Inc. Long-Term Incentive Plan, dated February 17, 2010 (filed as Exhibit 10.1 to the Company’s\\nCurrent Report on Form 8-K, filed February 23, 2010, and incorporated herein by reference).*\"},{\"bbox\":[167.9,1120.1,230.9,1151.8],\"lines\":[{\"bbox\":[167.9,1120.1,230.9,1151.8],\"text\":\"10.23\"}],\"order\":21,\"text\":\"10.23\"},{\"bbox\":[295.9,1122.1,1470.9,1198.7],\"lines\":[{\"bbox\":[296.3,1122.1,1470.9,1170.9],\"text\":\"ANSYS, Inc. Executive Severance Plan, dated February 17, 2010 (filed as Exhibit 10.2 to the Company’s\"},{\"bbox\":[295.9,1149.9,1344.6,1196.8],\"text\":\"Current Report on Form 8-K, filed February 23, 2010, and incorporated herein by reference).*\"}],\"order\":22,\"text\":\"ANSYS, Inc. Executive Severance Plan, dated February 17, 2010 (filed as Exhibit 10.2 to the Company’s\\nCurrent Report on Form 8-K, filed February 23, 2010, and incorporated herein by reference).*\"},{\"bbox\":[166.6,1200.7,229.6,1232.4],\"lines\":[{\"bbox\":[166.6,1200.7,229.6,1232.4],\"text\":\"10.24\"}],\"order\":23,\"text\":\"10.24\"},{\"bbox\":[294.2,1202.6,1513.5,1307.7],\"lines\":[{\"bbox\":[295.1,1202.6,1427.2,1250.8],\"text\":\"Form of Award Notice under the ANSYS, Inc. Long-Term Incentive Plan (filed as Exhibit 10.3 to the\"},{\"bbox\":[294.7,1230.4,1513.1,1279.9],\"text\":\"Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 and incorporated herein by\"},{\"bbox\":[294.2,1258.2,428.1,1291.0],\"text\":\"reference).*\"}],\"order\":24,\"text\":\"Form of Award Notice under the ANSYS, Inc. Long-Term Incentive Plan (filed as Exhibit 10.3 to the\\nCompany’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 and incorporated herein by\\nreference).*\"},{\"bbox\":[164.7,1325.7,227.7,1357.4],\"lines\":[{\"bbox\":[164.7,1325.7,227.7,1357.4],\"text\":\"10.25\"}],\"order\":25,\"text\":\"10.25\"},{\"bbox\":[292.8,1327.6,1528.7,1405.2],\"lines\":[{\"bbox\":[293.2,1327.6,1528.7,1377.4],\"text\":\"ANSYS, Inc. Amended and Restated Long-Term Incentive Plan, dated August 2, 2010 (filed as Exhibit 10.1 to\"},{\"bbox\":[292.8,1355.4,1483.4,1404.5],\"text\":\"the Company’s Current Report on Form 8-K, filed August 6, 2010, and incorporated herein by reference).*\"}],\"order\":26,\"text\":\"ANSYS, Inc. Amended and Restated Long-Term Incentive Plan, dated August 2, 2010 (filed as Exhibit 10.1 to\\nthe Company’s Current Report on Form 8-K, filed August 6, 2010, and incorporated herein by reference).*\"},{\"bbox\":[163.5,1406.2,226.4,1437.9],\"lines\":[{\"bbox\":[163.5,1406.2,226.4,1437.9],\"text\":\"10.26\"}],\"order\":27,\"text\":\"10.26\"},{\"bbox\":[291.1,1408.2,1542.8,1513.7],\"lines\":[{\"bbox\":[291.9,1408.2,1542.8,1458.2],\"text\":\"Indemnification Agreement, dated February 17, 2011, between ANSYS, Inc. and Ajei S. Gopal, a director of the\"},{\"bbox\":[291.5,1436.0,1502.4,1485.3],\"text\":\"Company (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed February 23, 2011, and\"},{\"bbox\":[291.1,1463.7,669.4,1500.3],\"text\":\"incorporated herein by reference).\"}],\"order\":28,\"text\":\"Indemnification Agreement, dated February 17, 2011, between ANSYS, Inc. and Ajei S. Gopal, a director of the\\nCompany (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed February 23, 2011, and\\nincorporated herein by reference).\"},{\"bbox\":[161.8,1514.5,224.8,1546.2],\"lines\":[{\"bbox\":[161.8,1514.5,224.8,1546.2],\"text\":\"10.27\"}],\"order\":29,\"text\":\"10.27\"},{\"bbox\":[289.4,1516.5,1542.0,1622.1],\"lines\":[{\"bbox\":[290.3,1516.5,1491.8,1565.7],\"text\":\"Second Amendment of the Employment Agreement Between ANSYS, Inc. and James E. Cashman III dated\"},{\"bbox\":[289.8,1544.3,1541.6,1594.3],\"text\":\"March 14, 2011 (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed March 18, 2011, and\"},{\"bbox\":[289.4,1572.0,681.6,1608.8],\"text\":\"incorporated herein by reference).*\"}],\"order\":30,\"text\":\"Second Amendment of the Employment Agreement Between ANSYS, Inc. and James E. Cashman III dated\\nMarch 14, 2011 (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed March 18, 2011, and\\nincorporated herein by reference).*\"},{\"bbox\":[160.1,1622.8,223.1,1654.5],\"lines\":[{\"bbox\":[160.1,1622.8,223.1,1654.5],\"text\":\"10.28\"}],\"order\":31,\"text\":\"10.28\"},{\"bbox\":[287.7,1624.8,1504.8,1729.8],\"lines\":[{\"bbox\":[288.6,1624.8,1504.8,1674.3],\"text\":\"Form of Employee Incentive Stock Option Agreement under the Fourth Amended and Restated ANSYS, Inc.\"},{\"bbox\":[288.2,1652.6,1446.6,1701.2],\"text\":\"Stock Option and Grant Plan (filed as Exhibit 10.5 to the Company’s Current Report on Form 8-K, filed\"},{\"bbox\":[287.7,1680.4,917.6,1720.8],\"text\":\"March 18, 2011, and incorporated herein by reference).*\"}],\"order\":32,\"text\":\"Form of Employee Incentive Stock Option Agreement under the Fourth Amended and Restated ANSYS, Inc.\\nStock Option and Grant Plan (filed as Exhibit 10.5 to the Company’s Current Report on Form 8-K, filed\\nMarch 18, 2011, and incorporated herein by reference).*\"},{\"bbox\":[158.5,1731.2,221.4,1762.9],\"lines\":[{\"bbox\":[158.5,1731.2,221.4,1762.9],\"text\":\"10.29\"}],\"order\":33,\"text\":\"10.29\"},{\"bbox\":[286.1,1733.1,1534.8,1838.6],\"lines\":[{\"bbox\":[286.9,1733.1,1512.4,1782.7],\"text\":\"Form of Employee Non-Qualified Stock Option Agreement under the Fourth Amended and Restated ANSYS,\"},{\"bbox\":[286.5,1760.9,1534.4,1810.9],\"text\":\"Inc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q,\"},{\"bbox\":[286.1,1788.7,938.3,1829.5],\"text\":\"filed May 2, 2013, and incorporated herein by reference).*\"}],\"order\":34,\"text\":\"Form of Employee Non-Qualified Stock Option Agreement under the Fourth Amended and Restated ANSYS,\\nInc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q,\\nfiled May 2, 2013, and incorporated herein by reference).*\"},{\"bbox\":[156.8,1839.5,219.8,1871.2],\"lines\":[{\"bbox\":[156.8,1839.5,219.8,1871.2],\"text\":\"10.30\"}],\"order\":35,\"text\":\"10.30\"},{\"bbox\":[284.4,1841.5,1505.3,1946.5],\"lines\":[{\"bbox\":[285.3,1841.5,1505.3,1891.0],\"text\":\"Form of Employee Director Non-Qualified Stock Option Agreement under the Fourth Amended and Restated\"},{\"bbox\":[284.8,1869.2,1499.6,1918.7],\"text\":\"ANSYS, Inc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.2 to the Company’s Quarterly Report on\"},{\"bbox\":[284.4,1897.0,1074.7,1939.9],\"text\":\"Form 10-Q, filed May 2, 2013, and incorporated herein by reference).*\"}],\"order\":36,\"text\":\"Form of Employee Director Non-Qualified Stock Option Agreement under the Fourth Amended and Restated\\nANSYS, Inc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.2 to the Company’s Quarterly Report on\\nForm 10-Q, filed May 2, 2013, and incorporated herein by reference).*\"},{\"bbox\":[155.1,1947.8,218.1,1979.5],\"lines\":[{\"bbox\":[155.1,1947.8,218.1,1979.5],\"text\":\"10.31\"}],\"order\":37,\"text\":\"10.31\"},{\"bbox\":[282.7,1949.8,1477.9,2054.5],\"lines\":[{\"bbox\":[283.6,1949.8,1455.0,1998.6],\"text\":\"Form of Non-Employee Director Non-Qualified Stock Option Agreement under the Fourth Amended and\"},{\"bbox\":[283.2,1977.6,1477.4,2026.7],\"text\":\"Restated ANSYS, Inc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.3 to the Company's Quarterly\"},{\"bbox\":[282.7,2005.3,1190.3,2050.0],\"text\":\"Report on Form 10-Q, filed May 2, 2013, and incorporated herein by reference).*\"}],\"order\":38,\"text\":\"Form of Non-Employee Director Non-Qualified Stock Option Agreement under the Fourth Amended and\\nRestated ANSYS, Inc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.3 to the Company's Quarterly\\nReport on Form 10-Q, filed May 2, 2013, and incorporated herein by reference).*\"},{\"bbox\":[820.4,2087.1,848.7,2118.3],\"lines\":[{\"bbox\":[820.4,2087.1,848.7,2118.3],\"text\":\"83\"}],\"order\":39,\"text\":\"83\"}],\"doc\":\"fintabnet:ANSS_2013\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"Table of Contents\\n\\n10.13\\n\\nForm of Deferred Stock Unit Agreement under the Third Amended and Restated ANSYS, Inc. 1996 Stock\\nOption and Grant Plan (filed as Exhibit 10.2 to the Company’s Current Report on Form 8-K, filed July 6, 2006,\\nand incorporated herein by reference).*\\n\\n10.14\\n\\nIndemnification Agreement, dated July 12, 2007, between ANSYS, Inc. and William R. McDermott, a director\\nof the Company (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed July 13, 2007, and\\nincorporated herein by reference).\\n\\n10.15\\n\\nIndemnification Agreement, dated May 21, 2007, between ANSYS, Inc. and Michael C. Thurk, a director of the\\nCompany (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed May 24, 2007, and\\nincorporated herein by reference).\\n\\n10.16\\n\\nAgreement and Plan of Merger, dated June 29, 2011, by and among ANSYS, Inc., Power Play Merger Sub, Inc.,\\nApache Design Solutions, Inc. and Papachey, Inc. (filed as Exhibit 2.1 to the Company’s Current Report on\\nForm 8-K, filed June 30, 2011, and incorporated herein by reference).\\n\\n10.17\\n\\nDeferred Stock Unit Agreement under the Third Amended and Restated ANSYS, Inc. 1996 Stock Option and\\nGrant Plan (filed as Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\\nSeptember 30, 2008 and incorporated herein by reference).*\\n\\n10.18\\n\\nAmended and Restated ANSYS, Inc. Cash Bonus Plan (filed as Exhibit 10.5 to the Company’s Quarterly Report\\non Form 10-Q for the quarter ended September 30, 2008 and incorporated herein by reference).*\\n\\n10.19\\n\\nFirst Amendment of the Employment Agreement Between the Company and James E. Cashman III as of\\nNovember 6, 2008 (filed as Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\\nSeptember 30, 2008 and incorporated herein by reference).*\\n\\n10.20\\n\\nFirst Amendment of the Employment Agreement Between the Company and Peter J. Smith as of November 6,\\n2008 (filed as Exhibit 10.7 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\\nSeptember 30, 2008 and incorporated herein by reference).*\\n\\n10.21\\n\\nAmendment to the Compensatory Arrangement for Peter J. Smith (filed as Item 5.02 to the Company’s Current\\nReport on Form 8-K, filed May 15, 2009, and incorporated herein by reference).*\\n\\n10.22\\n\\nANSYS, Inc. Long-Term Incentive Plan, dated February 17, 2010 (filed as Exhibit 10.1 to the Company’s\\nCurrent Report on Form 8-K, filed February 23, 2010, and incorporated herein by reference).*\\n\\n10.23\\n\\nANSYS, Inc. Executive Severance Plan, dated February 17, 2010 (filed as Exhibit 10.2 to the Company’s\\nCurrent Report on Form 8-K, filed February 23, 2010, and incorporated herein by reference).*\\n\\n10.24\\n\\nForm of Award Notice under the ANSYS, Inc. Long-Term Incentive Plan (filed as Exhibit 10.3 to the\\nCompany’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 and incorporated herein by\\nreference).*\\n\\n10.25\\n\\nANSYS, Inc. Amended and Restated Long-Term Incentive Plan, dated August 2, 2010 (filed as Exhibit 10.1 to\\nthe Company’s Current Report on Form 8-K, filed August 6, 2010, and incorporated herein by reference).*\\n\\n10.26\\n\\nIndemnification Agreement, dated February 17, 2011, between ANSYS, Inc. and Ajei S. Gopal, a director of the\\nCompany (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed February 23, 2011, and\\nincorporated herein by reference).\\n\\n10.27\\n\\nSecond Amendment of the Employment Agreement Between ANSYS, Inc. and James E. Cashman III dated\\nMarch 14, 2011 (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed March 18, 2011, and\\nincorporated herein by reference).*\\n\\n10.28\\n\\nForm of Employee Incentive Stock Option Agreement under the Fourth Amended and Restated ANSYS, Inc.\\nStock Option and Grant Plan (filed as Exhibit 10.5 to the Company’s Current Report on Form 8-K, filed\\nMarch 18, 2011, and incorporated herein by reference).*\\n\\n10.29\\n\\nForm of Employee Non-Qualified Stock Option Agreement under the Fourth Amended and Restated ANSYS,\\nInc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q,\\nfiled May 2, 2013, and incorporated herein by reference).*\\n\\n10.30\\n\\nForm of Employee Director Non-Qualified Stock Option Agreement under the Fourth Amended and Restated\\nANSYS, Inc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.2 to the Company’s Quarterly Report on\\nForm 10-Q, filed May 2, 2013, and incorporated herein by reference).*\\n\\n10.31\\n\\nForm of Non-Employee Director Non-Qualified Stock Option Agreement under the Fourth Amended and\\nRestated ANSYS, Inc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.3 to the Company's Quarterly\\nReport on Form 10-Q, filed May 2, 2013, and incorporated herein by reference).*\\n\\n83\",\"name\":\"fintabnet.ANSS_2013_page_97__200dpi_mild\",\"page_id\":\"fintabnet.ANSS_2013_page_97\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.882,\"source\":\"fintabnet\",\"source_id\":\"ANSS_2013_page_97\",\"stack\":[{\"deg\":-0.882,\"op\":\"skew\"},{\"op\":\"jpeg\",\"q\":84}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[154.3,111.9,1566.6,2055.4],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38],\"cells\":null}],\"text\":\"Table of Contents\\n\\n10.13\\n\\nForm of Deferred Stock Unit Agreement under the Third Amended and Restated ANSYS, Inc. 1996 Stock\\nOption and Grant Plan (filed as Exhibit 10.2 to the Company’s Current Report on Form 8-K, filed July 6, 2006,\\nand incorporated herein by reference).*\\n\\n10.14\\n\\nIndemnification Agreement, dated July 12, 2007, between ANSYS, Inc. and William R. McDermott, a director\\nof the Company (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed July 13, 2007, and\\nincorporated herein by reference).\\n\\n10.15\\n\\nIndemnification Agreement, dated May 21, 2007, between ANSYS, Inc. and Michael C. Thurk, a director of the\\nCompany (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed May 24, 2007, and\\nincorporated herein by reference).\\n\\n10.16\\n\\nAgreement and Plan of Merger, dated June 29, 2011, by and among ANSYS, Inc., Power Play Merger Sub, Inc.,\\nApache Design Solutions, Inc. and Papachey, Inc. (filed as Exhibit 2.1 to the Company’s Current Report on\\nForm 8-K, filed June 30, 2011, and incorporated herein by reference).\\n\\n10.17\\n\\nDeferred Stock Unit Agreement under the Third Amended and Restated ANSYS, Inc. 1996 Stock Option and\\nGrant Plan (filed as Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\\nSeptember 30, 2008 and incorporated herein by reference).*\\n\\n10.18\\n\\nAmended and Restated ANSYS, Inc. Cash Bonus Plan (filed as Exhibit 10.5 to the Company’s Quarterly Report\\non Form 10-Q for the quarter ended September 30, 2008 and incorporated herein by reference).*\\n\\n10.19\\n\\nFirst Amendment of the Employment Agreement Between the Company and James E. Cashman III as of\\nNovember 6, 2008 (filed as Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\\nSeptember 30, 2008 and incorporated herein by reference).*\\n\\n10.20\\n\\nFirst Amendment of the Employment Agreement Between the Company and Peter J. Smith as of November 6,\\n2008 (filed as Exhibit 10.7 to the Company’s Quarterly Report on Form 10-Q for the quarter ended\\nSeptember 30, 2008 and incorporated herein by reference).*\\n\\n10.21\\n\\nAmendment to the Compensatory Arrangement for Peter J. Smith (filed as Item 5.02 to the Company’s Current\\nReport on Form 8-K, filed May 15, 2009, and incorporated herein by reference).*\\n\\n10.22\\n\\nANSYS, Inc. Long-Term Incentive Plan, dated February 17, 2010 (filed as Exhibit 10.1 to the Company’s\\nCurrent Report on Form 8-K, filed February 23, 2010, and incorporated herein by reference).*\\n\\n10.23\\n\\nANSYS, Inc. Executive Severance Plan, dated February 17, 2010 (filed as Exhibit 10.2 to the Company’s\\nCurrent Report on Form 8-K, filed February 23, 2010, and incorporated herein by reference).*\\n\\n10.24\\n\\nForm of Award Notice under the ANSYS, Inc. Long-Term Incentive Plan (filed as Exhibit 10.3 to the\\nCompany’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2010 and incorporated herein by\\nreference).*\\n\\n10.25\\n\\nANSYS, Inc. Amended and Restated Long-Term Incentive Plan, dated August 2, 2010 (filed as Exhibit 10.1 to\\nthe Company’s Current Report on Form 8-K, filed August 6, 2010, and incorporated herein by reference).*\\n\\n10.26\\n\\nIndemnification Agreement, dated February 17, 2011, between ANSYS, Inc. and Ajei S. Gopal, a director of the\\nCompany (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed February 23, 2011, and\\nincorporated herein by reference).\\n\\n10.27\\n\\nSecond Amendment of the Employment Agreement Between ANSYS, Inc. and James E. Cashman III dated\\nMarch 14, 2011 (filed as Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed March 18, 2011, and\\nincorporated herein by reference).*\\n\\n10.28\\n\\nForm of Employee Incentive Stock Option Agreement under the Fourth Amended and Restated ANSYS, Inc.\\nStock Option and Grant Plan (filed as Exhibit 10.5 to the Company’s Current Report on Form 8-K, filed\\nMarch 18, 2011, and incorporated herein by reference).*\\n\\n10.29\\n\\nForm of Employee Non-Qualified Stock Option Agreement under the Fourth Amended and Restated ANSYS,\\nInc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q,\\nfiled May 2, 2013, and incorporated herein by reference).*\\n\\n10.30\\n\\nForm of Employee Director Non-Qualified Stock Option Agreement under the Fourth Amended and Restated\\nANSYS, Inc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.2 to the Company’s Quarterly Report on\\nForm 10-Q, filed May 2, 2013, and incorporated herein by reference).*\\n\\n10.31\\n\\nForm of Non-Employee Director Non-Qualified Stock Option Agreement under the Fourth Amended and\\nRestated ANSYS, Inc. 1996 Stock Option and Grant Plan (filed as Exhibit 10.3 to the Company's Quarterly\\nReport on Form 10-Q, filed May 2, 2013, and incorporated herein by reference).*\\n\\n83\"},\"name\":\"fintabnet.ANSS_2013_page_97__200dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":691267,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:ANSS_2013\",\"dpi\":200,\"gt_sha256\":\"a85be5e60676268000a5356c8163f8cb2ab623b9db8c05ee76bee178cc0052e2\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ANSS_2013_page_97__200dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.ANSS_2013_page_97\",\"pdf_sha256\":\"8aef832beb9eb9034397e7afb471a740f32a556e9f66422e4bebf326bc8bdcec\",\"px\":[1700,2200],\"scan\":{\"render\":\"00001ffc1ffc1fc41fec1ffc1f801ff01ff81cfc1ffc1f401ffc1ffc1fe00000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"ANSS_2013_page_97\",\"src\":{\"file_sha256\":\"cd79d73f5def28c56fe339f56b9ad1fa7be1708eb888ef69579b8e179656341f\",\"render\":\"00001ffc1ff81fc41ffc1ff81f801ff81ff81dc81ffc1ffc1ffc1ffc1fe00000\",\"text\":\"373e57b8f0717368f870d642aba62b55c4b0ddd32b0b61fa6333a1dee32be051\"},\"stack\":[{\"deg\":-0.882,\"op\":\"skew\"},{\"op\":\"jpeg\",\"q\":84}],\"tools\":\"21647cade0ee\"},\"sha256\":\"8aef832beb9eb9034397e7afb471a740f32a556e9f66422e4bebf326bc8bdcec\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/8aef832beb9eb9034397e7afb471a740f32a556e9f66422e4bebf326bc8bdcec.pdf","asset_sha256":"8aef832beb9eb9034397e7afb471a740f32a556e9f66422e4bebf326bc8bdcec","document_id":"fintabnet:ANSS_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ANSS_2013_page_97\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AON_2014_page_44\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AON_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[85.5,66.7,1113.2,164.8],\"lines\":[{\"bbox\":[132.3,66.7,1113.2,89.7],\"text\":\"We have provided commitments to fund certain limited partnerships in which we have an interest in the event that the\"},{\"bbox\":[85.5,91.7,1093.4,114.7],\"text\":\"general partners request funding. Some of these commitments have specific expiration dates and the maximum potential\"},{\"bbox\":[85.5,116.7,1103.6,139.8],\"text\":\"funding under these commitments was $14 million at December 31, 2014 compared to $34 million at December 31, 2013.\"},{\"bbox\":[85.5,141.7,673.0,164.8],\"text\":\"During 2014, the Company funded $20 million of these commitments.\"}],\"order\":0,\"text\":\"We have provided commitments to fund certain limited partnerships in which we have an interest in the event that the\\ngeneral partners request funding. Some of these commitments have specific expiration dates and the maximum potential\\nfunding under these commitments was $14 million at December 31, 2014 compared to $34 million at December 31, 2013.\\nDuring 2014, the Company funded $20 million of these commitments.\"},{\"bbox\":[85.5,183.4,289.3,206.4],\"lines\":[{\"bbox\":[85.5,183.4,289.3,206.4],\"text\":\"Other Liquidity Matters\"}],\"order\":1,\"text\":\"Other Liquidity Matters\"},{\"bbox\":[85.5,225.0,1135.6,298.1],\"lines\":[{\"bbox\":[135.5,225.0,1064.1,248.1],\"text\":\"We do not have exposure related to off balance sheet arrangements. Our cash flows from operations, borrowing\"},{\"bbox\":[85.5,250.1,1135.6,273.1],\"text\":\"availability and overall liquidity are subject to risks and uncertainties. See Item 1, \\\"Information Concerning Forward-Looking\"},{\"bbox\":[85.5,275.1,432.3,298.1],\"text\":\"Statements\\\" and Item 1A, \\\"Risk Factors.\\\"\"}],\"order\":2,\"text\":\"We do not have exposure related to off balance sheet arrangements. Our cash flows from operations, borrowing\\navailability and overall liquidity are subject to risks and uncertainties. See Item 1, \\\"Information Concerning Forward-Looking\\nStatements\\\" and Item 1A, \\\"Risk Factors.\\\"\"},{\"bbox\":[85.5,316.7,293.3,339.8],\"lines\":[{\"bbox\":[85.5,316.7,293.3,339.8],\"text\":\"Contractual Obligations\"}],\"order\":3,\"text\":\"Contractual Obligations\"},{\"bbox\":[135.5,358.4,1137.0,381.5],\"lines\":[{\"bbox\":[135.5,358.4,1137.0,381.5],\"text\":\"Summarized in the table below are our contractual obligations and commitments as of December 31, 2014 (in millions):\"}],\"order\":4,\"text\":\"Summarized in the table below are our contractual obligations and commitments as of December 31, 2014 (in millions):\"},{\"bbox\":[726.9,447.7,784.2,491.6],\"lines\":[{\"bbox\":[726.9,447.7,784.2,470.7],\"text\":\"2016 –\"},{\"bbox\":[734.7,468.5,776.4,491.6],\"text\":\"2017\"}],\"order\":5,\"text\":\"2016 –\\n2017\"},{\"bbox\":[620.0,468.5,661.7,491.6],\"lines\":[{\"bbox\":[620.0,468.5,661.7,491.6],\"text\":\"2015\"}],\"order\":6,\"text\":\"2015\"},{\"bbox\":[91.7,499.8,530.0,679.1],\"lines\":[{\"bbox\":[91.7,499.8,366.7,522.8],\"text\":\"Short- and long-term borrowings\"},{\"bbox\":[91.7,531.0,293.7,554.1],\"text\":\"Interest expense on debt\"},{\"bbox\":[91.7,562.3,230.0,585.4],\"text\":\"Operating leases\"},{\"bbox\":[91.7,593.6,530.0,616.6],\"text\":\"Pension and other postretirement benefit plan (1) (2)\"},{\"bbox\":[91.7,624.8,353.3,647.9],\"text\":\"Purchase obligations (3) (4) (5)\"},{\"bbox\":[91.7,656.1,331.4,679.1],\"text\":\"Insurance premiums payable\"}],\"order\":7,\"text\":\"Short- and long-term borrowings\\nInterest expense on debt\\nOperating leases\\nPension and other postretirement benefit plan (1) (2)\\nPurchase obligations (3) (4) (5)\\nInsurance premiums payable\"},{\"bbox\":[594.0,499.8,604.4,522.8],\"lines\":[{\"bbox\":[594.0,499.8,604.4,522.8],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[629.7,499.8,687.1,710.4],\"lines\":[{\"bbox\":[655.8,499.8,687.0,522.8],\"text\":\"783\"},{\"bbox\":[655.8,531.0,687.1,554.1],\"text\":\"244\"},{\"bbox\":[655.8,562.3,687.0,585.4],\"text\":\"362\"},{\"bbox\":[655.9,593.6,687.1,616.6],\"text\":\"210\"},{\"bbox\":[655.8,624.8,687.0,647.9],\"text\":\"316\"},{\"bbox\":[629.8,656.1,687.0,679.1],\"text\":\"11,638\"},{\"bbox\":[629.7,687.3,687.0,710.4],\"text\":\"13,553\"}],\"order\":9,\"text\":\"783\\n244\\n362\\n210\\n316\\n11,638\\n13,553\"},{\"bbox\":[594.0,687.3,604.4,710.4],\"lines\":[{\"bbox\":[594.0,687.3,604.4,710.4],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[708.6,499.8,719.0,522.8],\"lines\":[{\"bbox\":[708.6,499.8,719.0,522.8],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[708.6,687.3,719.0,710.4],\"lines\":[{\"bbox\":[708.6,687.3,719.0,710.4],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[796.6,416.4,1024.9,491.6],\"lines\":[{\"bbox\":[796.6,416.4,943.6,439.5],\"text\":\"Payments due in\"},{\"bbox\":[841.5,447.7,898.8,470.7],\"text\":\"2018 –\"},{\"bbox\":[944.4,447.7,1024.9,470.7],\"text\":\"2020 and\"},{\"bbox\":[849.3,468.5,891.0,491.6],\"text\":\"2019\"},{\"bbox\":[952.3,468.5,1017.1,491.6],\"text\":\"beyond\"}],\"order\":13,\"text\":\"Payments due in\\n2018 –\\n2020 and\\n2019\\nbeyond\"},{\"bbox\":[754.8,499.8,801.8,710.4],\"lines\":[{\"bbox\":[770.4,499.8,801.7,522.8],\"text\":\"514\"},{\"bbox\":[770.4,531.0,801.7,554.1],\"text\":\"421\"},{\"bbox\":[770.4,562.3,801.7,585.4],\"text\":\"630\"},{\"bbox\":[770.5,593.6,801.8,616.6],\"text\":\"365\"},{\"bbox\":[770.4,624.8,801.7,647.9],\"text\":\"339\"},{\"bbox\":[780.8,656.1,801.7,679.1],\"text\":\"—\"},{\"bbox\":[754.8,687.3,801.7,710.4],\"text\":\"2,269\"}],\"order\":14,\"text\":\"514\\n421\\n630\\n365\\n339\\n—\\n2,269\"},{\"bbox\":[823.2,499.8,833.7,522.8],\"lines\":[{\"bbox\":[823.2,499.8,833.7,522.8],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[823.2,687.3,833.7,710.4],\"lines\":[{\"bbox\":[823.2,687.3,833.7,710.4],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[869.4,499.8,916.4,710.4],\"lines\":[{\"bbox\":[885.0,499.8,916.3,522.8],\"text\":\"323\"},{\"bbox\":[885.0,531.0,916.3,554.1],\"text\":\"390\"},{\"bbox\":[885.0,562.3,916.3,585.4],\"text\":\"510\"},{\"bbox\":[885.1,593.6,916.4,616.6],\"text\":\"309\"},{\"bbox\":[885.0,624.8,916.3,647.9],\"text\":\"196\"},{\"bbox\":[895.5,656.1,916.3,679.1],\"text\":\"—\"},{\"bbox\":[869.4,687.3,916.3,710.4],\"text\":\"1,728\"}],\"order\":17,\"text\":\"323\\n390\\n510\\n309\\n196\\n—\\n1,728\"},{\"bbox\":[937.9,499.8,948.3,522.8],\"lines\":[{\"bbox\":[937.9,499.8,948.3,522.8],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[937.9,687.3,948.3,710.4],\"lines\":[{\"bbox\":[937.9,687.3,948.3,710.4],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[984.0,499.8,1031.0,710.4],\"lines\":[{\"bbox\":[984.0,499.8,1030.9,522.8],\"text\":\"3,962\"},{\"bbox\":[984.0,531.0,1030.9,554.1],\"text\":\"2,149\"},{\"bbox\":[999.7,562.3,1030.9,585.4],\"text\":\"876\"},{\"bbox\":[999.8,593.6,1031.0,616.6],\"text\":\"685\"},{\"bbox\":[999.7,624.8,1030.9,647.9],\"text\":\"243\"},{\"bbox\":[1010.1,656.1,1030.9,679.1],\"text\":\"—\"},{\"bbox\":[984.0,687.3,1030.9,710.4],\"text\":\"7,915\"}],\"order\":20,\"text\":\"3,962\\n2,149\\n876\\n685\\n243\\n—\\n7,915\"},{\"bbox\":[1076.6,468.5,1124.1,491.6],\"lines\":[{\"bbox\":[1076.6,468.5,1124.1,491.6],\"text\":\"Total\"}],\"order\":21,\"text\":\"Total\"},{\"bbox\":[1052.5,499.8,1062.9,522.8],\"lines\":[{\"bbox\":[1052.5,499.8,1062.9,522.8],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[1052.5,687.3,1062.9,710.4],\"lines\":[{\"bbox\":[1052.5,687.3,1062.9,710.4],\"text\":\"$\"}],\"order\":23,\"text\":\"$\"},{\"bbox\":[1088.3,499.8,1145.7,710.4],\"lines\":[{\"bbox\":[1098.7,499.8,1145.6,522.8],\"text\":\"5,582\"},{\"bbox\":[1098.7,531.0,1145.6,554.1],\"text\":\"3,204\"},{\"bbox\":[1098.7,562.3,1145.6,585.4],\"text\":\"2,378\"},{\"bbox\":[1098.8,593.6,1145.7,616.6],\"text\":\"1,569\"},{\"bbox\":[1098.7,624.8,1145.6,647.9],\"text\":\"1,094\"},{\"bbox\":[1088.3,656.1,1145.6,679.1],\"text\":\"11,638\"},{\"bbox\":[1088.3,687.3,1145.6,710.4],\"text\":\"25,465\"}],\"order\":24,\"text\":\"5,582\\n3,204\\n2,378\\n1,569\\n1,094\\n11,638\\n25,465\"},{\"bbox\":[123.0,737.7,1148.4,860.8],\"lines\":[{\"bbox\":[123.0,737.7,1118.2,760.8],\"text\":\"(1) Pension and other postretirement benefit plan obligations include estimates of our minimum funding requirements,\"},{\"bbox\":[160.5,762.7,1108.9,785.8],\"text\":\"pursuant to ERISA and other regulations and minimum funding requirements agreed with the trustees of our U.K.\"},{\"bbox\":[160.5,787.7,1148.4,810.8],\"text\":\"pension plans. Additional amounts may be agreed to with, or required by, the U.K. pension plan trustees. Nonqualified\"},{\"bbox\":[160.5,812.7,1121.7,835.8],\"text\":\"pension and other postretirement benefit obligations are based on estimated future benefit payments. We may make\"},{\"bbox\":[160.5,837.7,478.4,860.8],\"text\":\"additional discretionary contributions.\"}],\"order\":25,\"text\":\"(1) Pension and other postretirement benefit plan obligations include estimates of our minimum funding requirements,\\npursuant to ERISA and other regulations and minimum funding requirements agreed with the trustees of our U.K.\\npension plans. Additional amounts may be agreed to with, or required by, the U.K. pension plan trustees. Nonqualified\\npension and other postretirement benefit obligations are based on estimated future benefit payments. We may make\\nadditional discretionary contributions.\"},{\"bbox\":[123.0,887.8,1147.5,1035.9],\"lines\":[{\"bbox\":[123.0,887.8,1110.9,910.8],\"text\":\"(2) In 2013, our principal U.K subsidiary agreed with the trustees of one of the U.K. plans to contribute an average of\"},{\"bbox\":[160.5,912.8,1147.5,935.8],\"text\":\"$11 million per year to that pension plan for the next three years. The trustees of the plan have certain rights to request\"},{\"bbox\":[160.5,937.8,1031.1,960.8],\"text\":\"that our U.K. subsidiary advance an amount equal to an actuarially determined winding-up deficit. As of\"},{\"bbox\":[160.5,962.8,1131.6,985.8],\"text\":\"December 31, 2014, the estimated winding-up deficit was £225 million ($350 million). The trustees of the plan have\"},{\"bbox\":[160.5,987.8,1137.1,1010.9],\"text\":\"accepted in practice the agreed-upon schedule of contributions detailed above and have not requested the winding-up\"},{\"bbox\":[160.5,1012.8,285.0,1035.9],\"text\":\"deficit be paid.\"}],\"order\":26,\"text\":\"(2) In 2013, our principal U.K subsidiary agreed with the trustees of one of the U.K. plans to contribute an average of\\n$11 million per year to that pension plan for the next three years. The trustees of the plan have certain rights to request\\nthat our U.K. subsidiary advance an amount equal to an actuarially determined winding-up deficit. As of\\nDecember 31, 2014, the estimated winding-up deficit was £225 million ($350 million). The trustees of the plan have\\naccepted in practice the agreed-upon schedule of contributions detailed above and have not requested the winding-up\\ndeficit be paid.\"},{\"bbox\":[123.0,1062.8,1088.0,1160.9],\"lines\":[{\"bbox\":[123.0,1062.8,1085.0,1085.9],\"text\":\"(3) Purchase obligations are defined as agreements to purchase goods and services that are enforceable and legally\"},{\"bbox\":[160.5,1087.8,1074.1,1110.9],\"text\":\"binding on us, and that specifies all significant terms, including what is to be purchased, at what price and the\"},{\"bbox\":[160.5,1112.8,1088.0,1135.9],\"text\":\"approximate timing of the transaction. Most of our purchase obligations are related to purchases of information\"},{\"bbox\":[160.5,1137.8,546.0,1160.9],\"text\":\"technology services or other service contracts.\"}],\"order\":27,\"text\":\"(3) Purchase obligations are defined as agreements to purchase goods and services that are enforceable and legally\\nbinding on us, and that specifies all significant terms, including what is to be purchased, at what price and the\\napproximate timing of the transaction. Most of our purchase obligations are related to purchases of information\\ntechnology services or other service contracts.\"},{\"bbox\":[123.0,1187.8,1132.7,1235.9],\"lines\":[{\"bbox\":[123.0,1187.8,1132.7,1210.9],\"text\":\"(4) Excludes $14 million of unfunded commitments related to an investment in a limited partnership due to our inability\"},{\"bbox\":[160.5,1212.9,880.7,1235.9],\"text\":\"to reasonably estimate the period(s) when the limited partnership will request funding.\"}],\"order\":28,\"text\":\"(4) Excludes $14 million of unfunded commitments related to an investment in a limited partnership due to our inability\\nto reasonably estimate the period(s) when the limited partnership will request funding.\"},{\"bbox\":[123.0,1262.9,1145.4,1310.9],\"lines\":[{\"bbox\":[123.0,1262.9,1145.4,1285.9],\"text\":\"(5) Excludes $191 million of liabilities for uncertain tax positions due to our inability to reasonably estimate the period(s)\"},{\"bbox\":[160.5,1287.9,465.0,1310.9],\"text\":\"when cash settlements will be made.\"}],\"order\":29,\"text\":\"(5) Excludes $191 million of liabilities for uncertain tax positions due to our inability to reasonably estimate the period(s)\\nwhen cash settlements will be made.\"},{\"bbox\":[85.5,1329.6,263.2,1352.6],\"lines\":[{\"bbox\":[85.5,1329.6,263.2,1352.6],\"text\":\"Financial Condition\"}],\"order\":30,\"text\":\"Financial Condition\"},{\"bbox\":[85.5,1371.2,1136.6,1494.3],\"lines\":[{\"bbox\":[135.5,1371.2,1128.1,1394.3],\"text\":\"At December 31, 2014, our net assets were $6.6 billion, representing total assets minus total liabilities, a decrease from\"},{\"bbox\":[85.5,1396.2,1105.0,1419.3],\"text\":\"$8.2 billion at December 31, 2013. The decrease was due primarily to share repurchases of $2.3 billion, dividends of $273\"},{\"bbox\":[85.5,1421.3,1136.6,1444.3],\"text\":\"million, and an increase in Accumulated other comprehensive loss of $760 million related primarily to an increase in the post-\"},{\"bbox\":[85.5,1446.3,1115.8,1469.3],\"text\":\"retirement benefit obligation, partially offset by Net income of $1.4 billion for the year ended December 31, 2014. Working\"},{\"bbox\":[85.5,1471.3,1041.5,1494.3],\"text\":\"capital decreased by $110 million from $919 million at December 31, 2013 to $809 million at December 31, 2014.\"}],\"order\":31,\"text\":\"At December 31, 2014, our net assets were $6.6 billion, representing total assets minus total liabilities, a decrease from\\n$8.2 billion at December 31, 2013. The decrease was due primarily to share repurchases of $2.3 billion, dividends of $273\\nmillion, and an increase in Accumulated other comprehensive loss of $760 million related primarily to an increase in the post-\\nretirement benefit obligation, partially offset by Net income of $1.4 billion for the year ended December 31, 2014. Working\\ncapital decreased by $110 million from $919 million at December 31, 2013 to $809 million at December 31, 2014.\"},{\"bbox\":[608.6,1547.3,629.4,1570.4],\"lines\":[{\"bbox\":[608.6,1547.3,629.4,1570.4],\"text\":\"38\"}],\"order\":32,\"text\":\"38\"}],\"doc\":\"fintabnet:AON_2014\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"We have provided commitments to fund certain limited partnerships in which we have an interest in the event that the\\ngeneral partners request funding. Some of these commitments have specific expiration dates and the maximum potential\\nfunding under these commitments was $14 million at December 31, 2014 compared to $34 million at December 31, 2013.\\nDuring 2014, the Company funded $20 million of these commitments.\\n\\nOther Liquidity Matters\\n\\nWe do not have exposure related to off balance sheet arrangements. Our cash flows from operations, borrowing\\navailability and overall liquidity are subject to risks and uncertainties. See Item 1, \\\"Information Concerning Forward-Looking\\nStatements\\\" and Item 1A, \\\"Risk Factors.\\\"\\n\\nContractual Obligations\\n\\nSummarized in the table below are our contractual obligations and commitments as of December 31, 2014 (in millions):\\n\\n2016 –\\n2017\\n\\n2015\\n\\nShort- and long-term borrowings\\nInterest expense on debt\\nOperating leases\\nPension and other postretirement benefit plan (1) (2)\\nPurchase obligations (3) (4) (5)\\nInsurance premiums payable\\n\\n$\\n\\n783\\n244\\n362\\n210\\n316\\n11,638\\n13,553\\n\\n$\\n\\n$\\n\\n$\\n\\nPayments due in\\n2018 –\\n2020 and\\n2019\\nbeyond\\n\\n514\\n421\\n630\\n365\\n339\\n—\\n2,269\\n\\n$\\n\\n$\\n\\n323\\n390\\n510\\n309\\n196\\n—\\n1,728\\n\\n$\\n\\n$\\n\\n3,962\\n2,149\\n876\\n685\\n243\\n—\\n7,915\\n\\nTotal\\n\\n$\\n\\n$\\n\\n5,582\\n3,204\\n2,378\\n1,569\\n1,094\\n11,638\\n25,465\\n\\n(1) Pension and other postretirement benefit plan obligations include estimates of our minimum funding requirements,\\npursuant to ERISA and other regulations and minimum funding requirements agreed with the trustees of our U.K.\\npension plans. Additional amounts may be agreed to with, or required by, the U.K. pension plan trustees. Nonqualified\\npension and other postretirement benefit obligations are based on estimated future benefit payments. We may make\\nadditional discretionary contributions.\\n\\n(2) In 2013, our principal U.K subsidiary agreed with the trustees of one of the U.K. plans to contribute an average of\\n$11 million per year to that pension plan for the next three years. The trustees of the plan have certain rights to request\\nthat our U.K. subsidiary advance an amount equal to an actuarially determined winding-up deficit. As of\\nDecember 31, 2014, the estimated winding-up deficit was £225 million ($350 million). The trustees of the plan have\\naccepted in practice the agreed-upon schedule of contributions detailed above and have not requested the winding-up\\ndeficit be paid.\\n\\n(3) Purchase obligations are defined as agreements to purchase goods and services that are enforceable and legally\\nbinding on us, and that specifies all significant terms, including what is to be purchased, at what price and the\\napproximate timing of the transaction. Most of our purchase obligations are related to purchases of information\\ntechnology services or other service contracts.\\n\\n(4) Excludes $14 million of unfunded commitments related to an investment in a limited partnership due to our inability\\nto reasonably estimate the period(s) when the limited partnership will request funding.\\n\\n(5) Excludes $191 million of liabilities for uncertain tax positions due to our inability to reasonably estimate the period(s)\\nwhen cash settlements will be made.\\n\\nFinancial Condition\\n\\nAt December 31, 2014, our net assets were $6.6 billion, representing total assets minus total liabilities, a decrease from\\n$8.2 billion at December 31, 2013. The decrease was due primarily to share repurchases of $2.3 billion, dividends of $273\\nmillion, and an increase in Accumulated other comprehensive loss of $760 million related primarily to an increase in the post-\\nretirement benefit obligation, partially offset by Net income of $1.4 billion for the year ended December 31, 2014. Working\\ncapital decreased by $110 million from $919 million at December 31, 2013 to $809 million at December 31, 2014.\\n\\n38\",\"name\":\"fintabnet.AON_2014_page_44__150dpi_none\",\"page_id\":\"fintabnet.AON_2014_page_44\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"AON_2014_page_44\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[91.7,416.4,1145.7,710.4],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24],\"cells\":null}],\"text\":\"We have provided commitments to fund certain limited partnerships in which we have an interest in the event that the\\ngeneral partners request funding. Some of these commitments have specific expiration dates and the maximum potential\\nfunding under these commitments was $14 million at December 31, 2014 compared to $34 million at December 31, 2013.\\nDuring 2014, the Company funded $20 million of these commitments.\\n\\nOther Liquidity Matters\\n\\nWe do not have exposure related to off balance sheet arrangements. Our cash flows from operations, borrowing\\navailability and overall liquidity are subject to risks and uncertainties. See Item 1, \\\"Information Concerning Forward-Looking\\nStatements\\\" and Item 1A, \\\"Risk Factors.\\\"\\n\\nContractual Obligations\\n\\nSummarized in the table below are our contractual obligations and commitments as of December 31, 2014 (in millions):\\n\\n2016 –\\n2017\\n\\n2015\\n\\nShort- and long-term borrowings\\nInterest expense on debt\\nOperating leases\\nPension and other postretirement benefit plan (1) (2)\\nPurchase obligations (3) (4) (5)\\nInsurance premiums payable\\n\\n$\\n\\n783\\n244\\n362\\n210\\n316\\n11,638\\n13,553\\n\\n$\\n\\n$\\n\\n$\\n\\nPayments due in\\n2018 –\\n2020 and\\n2019\\nbeyond\\n\\n514\\n421\\n630\\n365\\n339\\n—\\n2,269\\n\\n$\\n\\n$\\n\\n323\\n390\\n510\\n309\\n196\\n—\\n1,728\\n\\n$\\n\\n$\\n\\n3,962\\n2,149\\n876\\n685\\n243\\n—\\n7,915\\n\\nTotal\\n\\n$\\n\\n$\\n\\n5,582\\n3,204\\n2,378\\n1,569\\n1,094\\n11,638\\n25,465\\n\\n(1) Pension and other postretirement benefit plan obligations include estimates of our minimum funding requirements,\\npursuant to ERISA and other regulations and minimum funding requirements agreed with the trustees of our U.K.\\npension plans. Additional amounts may be agreed to with, or required by, the U.K. pension plan trustees. Nonqualified\\npension and other postretirement benefit obligations are based on estimated future benefit payments. We may make\\nadditional discretionary contributions.\\n\\n(2) In 2013, our principal U.K subsidiary agreed with the trustees of one of the U.K. plans to contribute an average of\\n$11 million per year to that pension plan for the next three years. The trustees of the plan have certain rights to request\\nthat our U.K. subsidiary advance an amount equal to an actuarially determined winding-up deficit. As of\\nDecember 31, 2014, the estimated winding-up deficit was £225 million ($350 million). The trustees of the plan have\\naccepted in practice the agreed-upon schedule of contributions detailed above and have not requested the winding-up\\ndeficit be paid.\\n\\n(3) Purchase obligations are defined as agreements to purchase goods and services that are enforceable and legally\\nbinding on us, and that specifies all significant terms, including what is to be purchased, at what price and the\\napproximate timing of the transaction. Most of our purchase obligations are related to purchases of information\\ntechnology services or other service contracts.\\n\\n(4) Excludes $14 million of unfunded commitments related to an investment in a limited partnership due to our inability\\nto reasonably estimate the period(s) when the limited partnership will request funding.\\n\\n(5) Excludes $191 million of liabilities for uncertain tax positions due to our inability to reasonably estimate the period(s)\\nwhen cash settlements will be made.\\n\\nFinancial Condition\\n\\nAt December 31, 2014, our net assets were $6.6 billion, representing total assets minus total liabilities, a decrease from\\n$8.2 billion at December 31, 2013. The decrease was due primarily to share repurchases of $2.3 billion, dividends of $273\\nmillion, and an increase in Accumulated other comprehensive loss of $760 million related primarily to an increase in the post-\\nretirement benefit obligation, partially offset by Net income of $1.4 billion for the year ended December 31, 2014. 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The\"},{\"bbox\":[104.7,174.9,1168.5,232.0],\"text\":\"guidance was effective for Aon in the first quarter of 2014. The adoption of this guidance did not have a material impact on the\"},{\"bbox\":[103.9,199.9,497.3,235.6],\"text\":\"Company's Consolidated Financial Statements.\"}],\"order\":1,\"text\":\"In July 2013, the FASB issued guidance on the presentation of certain unrecognized tax benefits on financial statements.\\nThe guidance requires, unless certain conditions exist, an unrecognized tax benefit to be presented as a reduction to a deferred\\ntax asset in the financial statements for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The\\nguidance was effective for Aon in the first quarter of 2014. 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The adoption of this guidance did not have a material\\nimpact on the Company's Consolidated Financial Statements.\"},{\"bbox\":[95.9,442.8,115.6,471.1],\"lines\":[{\"bbox\":[95.9,442.8,115.6,471.1],\"text\":\"3.\"}],\"order\":4,\"text\":\"3.\"},{\"bbox\":[139.7,444.2,367.9,479.2],\"lines\":[{\"bbox\":[139.7,444.2,367.9,479.2],\"text\":\"Other Financial Data\"}],\"order\":5,\"text\":\"Other Financial Data\"},{\"bbox\":[94.6,488.2,523.5,525.0],\"lines\":[{\"bbox\":[94.6,488.2,523.5,525.0],\"text\":\"Consolidated Statements of Income Information\"}],\"order\":6,\"text\":\"Consolidated Statements of Income Information\"},{\"bbox\":[93.3,529.9,213.8,556.7],\"lines\":[{\"bbox\":[93.3,529.9,213.8,556.7],\"text\":\"Other Income\"}],\"order\":7,\"text\":\"Other Income\"},{\"bbox\":[142.0,573.1,581.9,610.2],\"lines\":[{\"bbox\":[142.0,573.1,581.9,610.2],\"text\":\"Other income consists of the following (in millions):\"}],\"order\":8,\"text\":\"Other income consists of the following (in 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of Unrecognized Tax Benefits\\n\\nIn July 2013, the FASB issued guidance on the presentation of certain unrecognized tax benefits on financial statements.\\nThe guidance requires, unless certain conditions exist, an unrecognized tax benefit to be presented as a reduction to a deferred\\ntax asset in the financial statements for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The\\nguidance was effective for Aon in the first quarter of 2014. The adoption of this guidance did not have a material impact on the\\nCompany's Consolidated Financial Statements.\\n\\nForeign Currency\\n\\nIn March 2013, the FASB issued new accounting guidance clarifying the accounting for the release of cumulative\\ntranslation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer\\nholds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign\\nentity. The guidance was effective for Aon in the first quarter of 2014. The adoption of this guidance did not have a material\\nimpact on the Company's Consolidated Financial Statements.\\n\\n3.\\n\\nOther Financial Data\\n\\nConsolidated Statements of Income Information\\n\\nOther Income\\n\\nOther income consists of the following (in millions):\\n\\nYears ended December 31\\n\\n2014\\n2013\\n2012\\n$\\n12 $\\n20 $\\n13\\n4\\n28\\n7\\n24\\n10\\n1\\n(19)\\n18\\n13\\n(19)\\n(10)\\n3\\n\\nEquity earnings\\nGain on investments\\nGain on disposal of business\\nForeign currency remeasurement gain (loss)\\nDerivative (loss) gain\\nOther\\n\\n$\\n\\n5\\n44\\n\\n$\\n\\n7\\n68\\n\\n(3)\\n\\n$\\n\\n2\\n\\nConsolidated Statements of Financial Position Information\\n\\nAllowance for Doubtful Accounts\\n\\nAn analysis of the allowance for doubtful accounts is as follows (in millions):\\n\\nYears ended December 31,\\n\\n2014\\n2013\\n2012\\n$\\n90 $\\n118 $\\n104\\n12\\n9\\n45\\n(33)\\n(38)\\n(30)\\n\\nBalance at beginning of year\\nProvision charged to operations\\nAccounts written off, net of recoveries\\nEffect of exchange rate changes\\nBalance at end of year\\n\\n$\\n\\n61\\n\\n5\\n74\\n\\n$\\n\\n1\\n90\\n\\n(1)\\n\\n$\\n\\n118\",\"name\":\"fintabnet.AON_2014_page_67__150dpi_heavy\",\"page_id\":\"fintabnet.AON_2014_page_67\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-1.835,\"source\":\"fintabnet\",\"source_id\":\"AON_2014_page_67\",\"stack\":[{\"deg\":-1.835,\"op\":\"skew\"},{\"amp\":0.195,\"angle\":193.4,\"blob\":0.449,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.132},{\"op\":\"noise\",\"sigma\":13.558},{\"gain\":0.463,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":0.079,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[89.9,613.0,1157.9,888.8],\"block_orders\":[9,10,11,12,13,14,15,16,17,18],\"cells\":null}],\"text\":\"Presentation of Unrecognized Tax Benefits\\n\\nIn July 2013, the FASB issued guidance on the presentation of certain unrecognized tax benefits on financial statements.\\nThe guidance requires, unless certain conditions exist, an unrecognized tax benefit to be presented as a reduction to a deferred\\ntax asset in the financial statements for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The\\nguidance was effective for Aon in the first quarter of 2014. The adoption of this guidance did not have a material impact on the\\nCompany's Consolidated Financial Statements.\\n\\nForeign Currency\\n\\nIn March 2013, the FASB issued new accounting guidance clarifying the accounting for the release of cumulative\\ntranslation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer\\nholds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign\\nentity. The guidance was effective for Aon in the first quarter of 2014. The adoption of this guidance did not have a material\\nimpact on the Company's Consolidated Financial Statements.\\n\\n3.\\n\\nOther Financial Data\\n\\nConsolidated Statements of Income Information\\n\\nOther Income\\n\\nOther income consists of the following (in millions):\\n\\nYears ended December 31\\n\\n2014\\n2013\\n2012\\n$\\n12 $\\n20 $\\n13\\n4\\n28\\n7\\n24\\n10\\n1\\n(19)\\n18\\n13\\n(19)\\n(10)\\n3\\n\\nEquity earnings\\nGain on investments\\nGain on disposal of business\\nForeign currency remeasurement gain (loss)\\nDerivative (loss) gain\\nOther\\n\\n$\\n\\n5\\n44\\n\\n$\\n\\n7\\n68\\n\\n(3)\\n\\n$\\n\\n2\\n\\nConsolidated Statements of Financial Position Information\\n\\nAllowance for Doubtful Accounts\\n\\nAn analysis of the allowance for doubtful accounts is as follows (in millions):\\n\\nYears ended December 31,\\n\\n2014\\n2013\\n2012\\n$\\n90 $\\n118 $\\n104\\n12\\n9\\n45\\n(33)\\n(38)\\n(30)\\n\\nBalance at beginning of year\\nProvision charged to operations\\nAccounts written off, net of recoveries\\nEffect of exchange rate changes\\nBalance at end of year\\n\\n$\\n\\n61\\n\\n5\\n74\\n\\n$\\n\\n1\\n90\\n\\n(1)\\n\\n$\\n\\n118\"},\"name\":\"fintabnet.AON_2014_page_67__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":142212,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:AON_2014\",\"dpi\":150,\"gt_sha256\":\"135d0775fa03f26ca680d012ec90e4eb9265efdbec8084d439e503bce1e633bb\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AON_2014_page_67__150dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.AON_2014_page_67\",\"pdf_sha256\":\"086e27e02716ea2bf708afb8df3f05cdc3df967235d70d6054ec74101301ba39\",\"px\":[1238,1613],\"scan\":{\"render\":\"fc00fffefc00fffcf800fc00f81efc0cfc3ef800f810ff3e80008000c0008000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"AON_2014_page_67\",\"src\":{\"file_sha256\":\"93b6ccc6ade774ebe2471cc60b0fd54aadd35d426da2e1a859694212d1c0273a\",\"render\":\"00007ffe60007ffc78007e007ffe7c1e7ffe7f007ffe7ffe0000000000000000\",\"text\":\"526f5328af870cc758acbd1da841cb39f22ad281a43b56cd93ff0dc9608d8f2f\"},\"stack\":[{\"deg\":-1.835,\"op\":\"skew\"},{\"amp\":0.195,\"angle\":193.4,\"blob\":0.449,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.132},{\"op\":\"noise\",\"sigma\":13.558},{\"gain\":0.463,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":0.079,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"086e27e02716ea2bf708afb8df3f05cdc3df967235d70d6054ec74101301ba39\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/086e27e02716ea2bf708afb8df3f05cdc3df967235d70d6054ec74101301ba39.pdf","asset_sha256":"086e27e02716ea2bf708afb8df3f05cdc3df967235d70d6054ec74101301ba39","document_id":"fintabnet:AON_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AON_2014_page_67\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AON_2018_page_33\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AON_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[188.9,60.1,1144.2,120.0],\"lines\":[{\"bbox\":[188.9,60.1,1143.9,95.0],\"text\":\"operating margin primarily reflects organic revenue growth of 5%, core operational improvement, and $195 million\"},{\"bbox\":[189.2,88.6,861.0,120.0],\"text\":\"of savings related to restructuring and other operational improvement initiatives.\"}],\"order\":0,\"text\":\"operating margin primarily reflects organic revenue growth of 5%, core operational improvement, and $195 million\\nof savings related to restructuring and other operational improvement initiatives.\"},{\"bbox\":[152.2,139.0,159.8,162.1],\"lines\":[{\"bbox\":[152.2,139.0,159.8,162.1],\"text\":\"•\"}],\"order\":1,\"text\":\"•\"},{\"bbox\":[189.7,126.8,1146.1,261.7],\"lines\":[{\"bbox\":[189.7,126.8,1144.9,161.7],\"text\":\"Adjusted diluted earnings per share from continuing operations, a non-GAAP measure defined under the caption\"},{\"bbox\":[190.0,151.8,1144.8,186.7],\"text\":\"“Review of Consolidated Results — Adjusted Diluted Earnings per Share,” was $8.16 per share in 2018, an increase\"},{\"bbox\":[190.3,176.8,1145.5,211.7],\"text\":\"of $1.69 per share, or 26%, from $6.47 per share in 2017. 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The increase demonstrates strong operational performance\\nand effective capital management, highlighted by $1.4 billion of share repurchase during 2018, partially offset by a\\nhigher adjusted effective tax rate.\"},{\"bbox\":[153.9,280.7,161.5,303.8],\"lines\":[{\"bbox\":[153.9,280.7,161.5,303.8],\"text\":\"•\"}],\"order\":3,\"text\":\"•\"},{\"bbox\":[191.5,268.5,1147.5,378.4],\"lines\":[{\"bbox\":[191.5,268.5,1146.4,303.4],\"text\":\"Free cash flow, a non-GAAP measure defined under the caption “Review of Consolidated Results — Free Cash\"},{\"bbox\":[191.8,293.5,1146.0,328.4],\"text\":\"Flow,” was $1,446 million in 2018, an increase of $960 million, or 198%, from $486 million in 2017, driven by an\"},{\"bbox\":[192.1,318.5,1147.2,353.4],\"text\":\"increase of $1,017 million in cash flow in operations, partially offset by a $57 million increase in capital expenditures,\"},{\"bbox\":[192.4,350.6,577.1,378.4],\"text\":\"including investments in our operating model.\"}],\"order\":4,\"text\":\"Free cash flow, a non-GAAP measure defined under the caption “Review of Consolidated Results — Free Cash\\nFlow,” was $1,446 million in 2018, an increase of $960 million, or 198%, from $486 million in 2017, driven by an\\nincrease of $1,017 million in cash flow in operations, partially offset by a $57 million increase in capital expenditures,\\nincluding investments in our operating model.\"},{\"bbox\":[80.4,393.6,471.5,421.5],\"lines\":[{\"bbox\":[80.4,393.6,471.5,421.5],\"text\":\"REVIEW OF CONSOLIDATED RESULTS\"}],\"order\":5,\"text\":\"REVIEW OF CONSOLIDATED RESULTS\"},{\"bbox\":[80.9,437.8,261.8,463.1],\"lines\":[{\"bbox\":[80.9,437.8,261.8,463.1],\"text\":\"Summary of Results\"}],\"order\":6,\"text\":\"Summary of Results\"},{\"bbox\":[81.4,468.6,1150.1,579.8],\"lines\":[{\"bbox\":[118.9,468.6,1149.1,504.3],\"text\":\"In the first quarter of 2018, Aon adopted new accounting guidance related to the treatment of revenue from contracts with\"},{\"bbox\":[81.7,493.6,1149.5,529.8],\"text\":\"customers that was applied prospectively on the U.S. GAAP financial statements and therefore comparable periods have not been\"},{\"bbox\":[82.0,518.6,1149.6,554.8],\"text\":\"restated. Refer to Note 2 “Summary of Significant Accounting Principles and Practices” for further information surrounding the\"},{\"bbox\":[82.3,548.7,733.3,579.8],\"text\":\"quantitative and qualitative impacts of adopting the new accounting guidance.\"}],\"order\":7,\"text\":\"In the first quarter of 2018, Aon adopted new accounting guidance related to the treatment of revenue from contracts with\\ncustomers that was applied prospectively on the U.S. GAAP financial statements and therefore comparable periods have not been\\nrestated. Refer to Note 2 “Summary of Significant Accounting Principles and Practices” for further information surrounding the\\nquantitative and qualitative impacts of adopting the new accounting guidance.\"},{\"bbox\":[120.4,594.0,441.8,621.0],\"lines\":[{\"bbox\":[120.4,594.0,441.8,621.0],\"text\":\"Our consolidated results are as follow:\"}],\"order\":8,\"text\":\"Our consolidated results are as follow:\"},{\"bbox\":[872.1,632.4,1056.0,653.1],\"lines\":[{\"bbox\":[872.1,632.4,1056.0,653.1],\"text\":\"Years ended December 31\"}],\"order\":9,\"text\":\"Years ended December 31\"},{\"bbox\":[90.0,672.7,157.0,691.9],\"lines\":[{\"bbox\":[90.0,672.7,157.0,691.9],\"text\":\"(millions)\"}],\"order\":10,\"text\":\"(millions)\"},{\"bbox\":[820.5,664.0,854.0,682.9],\"lines\":[{\"bbox\":[820.5,664.0,854.0,682.9],\"text\":\"2018\"}],\"order\":11,\"text\":\"2018\"},{\"bbox\":[947.6,662.5,981.2,681.3],\"lines\":[{\"bbox\":[947.6,662.5,981.2,681.3],\"text\":\"2017\"}],\"order\":12,\"text\":\"2017\"},{\"bbox\":[1074.7,660.9,1108.3,679.8],\"lines\":[{\"bbox\":[1074.7,660.9,1108.3,679.8],\"text\":\"2016\"}],\"order\":13,\"text\":\"2016\"},{\"bbox\":[90.3,699.1,167.0,723.2],\"lines\":[{\"bbox\":[90.3,699.1,167.0,723.2],\"text\":\"Revenue\"}],\"order\":14,\"text\":\"Revenue\"},{\"bbox\":[90.7,729.5,243.4,785.7],\"lines\":[{\"bbox\":[128.2,729.5,243.0,754.0],\"text\":\"Total revenue\"},{\"bbox\":[91.1,761.6,173.6,785.7],\"text\":\"Expenses\"}],\"order\":15,\"text\":\"Total revenue\\nExpenses\"},{\"bbox\":[784.7,722.7,795.4,745.9],\"lines\":[{\"bbox\":[784.7,722.7,795.4,745.9],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[91.5,788.6,519.8,1035.7],\"lines\":[{\"bbox\":[104.0,790.9,331.3,816.8],\"text\":\"Compensation and benefits\"},{\"bbox\":[104.4,822.5,302.1,848.1],\"text\":\"Information technology\"},{\"bbox\":[104.8,855.3,180.3,879.3],\"text\":\"Premises\"},{\"bbox\":[105.2,884.6,337.6,910.6],\"text\":\"Depreciation of fixed assets\"},{\"bbox\":[105.6,913.7,518.7,941.8],\"text\":\"Amortization and impairment of intangible assets\"},{\"bbox\":[105.9,947.6,300.7,973.1],\"text\":\"Other general expenses\"},{\"bbox\":[131.3,978.4,338.6,1004.0],\"text\":\"Total operating expenses\"},{\"bbox\":[94.2,1010.7,254.8,1035.7],\"text\":\"Operating income\"}],\"order\":17,\"text\":\"Compensation and benefits\\nInformation technology\\nPremises\\nDepreciation of fixed assets\\nAmortization and impairment of intangible assets\\nOther general 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Results for 2018 Compared to 2017\"}],\"order\":36,\"text\":\"Consolidated Results for 2018 Compared to 2017\"},{\"bbox\":[93.0,1416.5,167.3,1440.4],\"lines\":[{\"bbox\":[93.0,1416.5,167.3,1440.4],\"text\":\"Revenue\"}],\"order\":37,\"text\":\"Revenue\"},{\"bbox\":[93.5,1445.9,1161.5,1507.1],\"lines\":[{\"bbox\":[131.0,1445.9,1160.6,1481.7],\"text\":\"Total revenue increased $772 million, or 8%, to $10,770 million in 2018, compared to $9,998 million in 2017. The increase\"},{\"bbox\":[93.8,1470.9,1161.5,1507.1],\"text\":\"was driven by 5% organic revenue growth, a 2% increase related to acquisitions, net of divestitures, and a 1% favorable impact\"}],\"order\":38,\"text\":\"Total revenue increased $772 million, or 8%, to $10,770 million in 2018, compared to $9,998 million in 2017. The increase\\nwas driven by 5% organic revenue growth, a 2% increase related to acquisitions, net of divestitures, and a 1% favorable impact\"},{\"bbox\":[617.7,1547.1,638.9,1570.5],\"lines\":[{\"bbox\":[617.7,1547.1,638.9,1570.5],\"text\":\"27\"}],\"order\":39,\"text\":\"27\"}],\"doc\":\"fintabnet:AON_2018\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"operating margin primarily reflects organic revenue growth of 5%, core operational improvement, and $195 million\\nof savings related to restructuring and other operational improvement initiatives.\\n\\n•\\n\\nAdjusted diluted earnings per share from continuing operations, a non-GAAP measure defined under the caption\\n“Review of Consolidated Results — Adjusted Diluted Earnings per Share,” was $8.16 per share in 2018, an increase\\nof $1.69 per share, or 26%, from $6.47 per share in 2017. 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Refer to Note 2 “Summary of Significant Accounting Principles and Practices” for further information surrounding the\\nquantitative and qualitative impacts of adopting the new accounting guidance.\\n\\nOur consolidated results are as follow:\\n\\nYears ended December 31\\n\\n(millions)\\n\\n2018\\n\\n2017\\n\\n2016\\n\\nRevenue\\n\\nTotal revenue\\nExpenses\\n\\n$\\n\\nCompensation and benefits\\nInformation technology\\nPremises\\nDepreciation of fixed assets\\nAmortization and impairment of intangible assets\\nOther general expenses\\nTotal operating expenses\\nOperating income\\n\\nInterest income\\nInterest expense\\nOther income (expense)\\nIncome from continuing operations before income taxes\\n\\nIncome taxes\\nNet income from continuing operations\\n\\nNet income from discontinued operations\\nNet income\\n\\nLess: Net income attributable to noncontrolling interests\\nNet income attributable to Aon shareholders\\n\\n$\\n\\n10,770\\n\\n$\\n\\n9,998\\n\\n$\\n\\n9,409\\n\\n6,103\\n484\\n370\\n176\\n593\\n1,500\\n9,226\\n1,544\\n5\\n(278)\\n(25)\\n\\n6,003\\n419\\n348\\n187\\n704\\n1,272\\n8,933\\n1,065\\n27\\n(282)\\n(125)\\n\\n5,514\\n386\\n343\\n162\\n157\\n1,036\\n7,598\\n1,811\\n9\\n(282)\\n(137)\\n\\n1,246\\n146\\n1,100\\n74\\n1,174\\n40\\n1,134\\n\\n685\\n250\\n435\\n828\\n1,263\\n37\\n1,226\\n\\n1,401\\n148\\n1,253\\n177\\n1,430\\n34\\n1,396\\n\\n$\\n\\n$\\n\\nConsolidated Results for 2018 Compared to 2017\\n\\nRevenue\\n\\nTotal revenue increased $772 million, or 8%, to $10,770 million in 2018, compared to $9,998 million in 2017. The increase\\nwas driven by 5% organic revenue growth, a 2% increase related to acquisitions, net of divestitures, and a 1% favorable impact\\n\\n27\",\"name\":\"fintabnet.AON_2018_page_33__150dpi_mild\",\"page_id\":\"fintabnet.AON_2018_page_33\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.708,\"source\":\"fintabnet\",\"source_id\":\"AON_2018_page_33\",\"stack\":[{\"deg\":0.708,\"op\":\"skew\"},{\"amp\":0.072,\"angle\":322.2,\"blob\":0.732,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.509},{\"op\":\"noise\",\"sigma\":3.144},{\"gain\":0.909,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":71}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[89.7,631.2,1159.1,1348.3],\"block_orders\":[9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35],\"cells\":null}],\"text\":\"operating margin primarily reflects organic revenue growth of 5%, core operational improvement, and $195 million\\nof savings related to restructuring and other operational improvement initiatives.\\n\\n•\\n\\nAdjusted diluted earnings per share from continuing operations, a non-GAAP measure defined under the caption\\n“Review of Consolidated Results — Adjusted Diluted Earnings per Share,” was $8.16 per share in 2018, an increase\\nof $1.69 per share, or 26%, from $6.47 per share in 2017. The increase demonstrates strong operational performance\\nand effective capital management, highlighted by $1.4 billion of share repurchase during 2018, partially offset by a\\nhigher adjusted effective tax rate.\\n\\n•\\n\\nFree cash flow, a non-GAAP measure defined under the caption “Review of Consolidated Results — Free Cash\\nFlow,” was $1,446 million in 2018, an increase of $960 million, or 198%, from $486 million in 2017, driven by an\\nincrease of $1,017 million in cash flow in operations, partially offset by a $57 million increase in capital expenditures,\\nincluding investments in our operating model.\\n\\nREVIEW OF CONSOLIDATED RESULTS\\n\\nSummary of Results\\n\\nIn the first quarter of 2018, Aon adopted new accounting guidance related to the treatment of revenue from contracts with\\ncustomers that was applied prospectively on the U.S. GAAP financial statements and therefore comparable periods have not been\\nrestated. Refer to Note 2 “Summary of Significant Accounting Principles and Practices” for further information surrounding the\\nquantitative and qualitative impacts of adopting the new accounting guidance.\\n\\nOur consolidated results are as follow:\\n\\nYears ended December 31\\n\\n(millions)\\n\\n2018\\n\\n2017\\n\\n2016\\n\\nRevenue\\n\\nTotal revenue\\nExpenses\\n\\n$\\n\\nCompensation and benefits\\nInformation technology\\nPremises\\nDepreciation of fixed assets\\nAmortization and impairment of intangible assets\\nOther general expenses\\nTotal operating expenses\\nOperating income\\n\\nInterest income\\nInterest expense\\nOther income (expense)\\nIncome from continuing operations before income taxes\\n\\nIncome taxes\\nNet income from continuing operations\\n\\nNet income from discontinued operations\\nNet income\\n\\nLess: Net income attributable to noncontrolling interests\\nNet income attributable to Aon shareholders\\n\\n$\\n\\n10,770\\n\\n$\\n\\n9,998\\n\\n$\\n\\n9,409\\n\\n6,103\\n484\\n370\\n176\\n593\\n1,500\\n9,226\\n1,544\\n5\\n(278)\\n(25)\\n\\n6,003\\n419\\n348\\n187\\n704\\n1,272\\n8,933\\n1,065\\n27\\n(282)\\n(125)\\n\\n5,514\\n386\\n343\\n162\\n157\\n1,036\\n7,598\\n1,811\\n9\\n(282)\\n(137)\\n\\n1,246\\n146\\n1,100\\n74\\n1,174\\n40\\n1,134\\n\\n685\\n250\\n435\\n828\\n1,263\\n37\\n1,226\\n\\n1,401\\n148\\n1,253\\n177\\n1,430\\n34\\n1,396\\n\\n$\\n\\n$\\n\\nConsolidated Results for 2018 Compared to 2017\\n\\nRevenue\\n\\nTotal revenue increased $772 million, or 8%, to $10,770 million in 2018, compared to $9,998 million in 2017. 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"APH_2007_page_58\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:APH_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[84.3,67.9,655.4,98.4],\"lines\":[{\"bbox\":[84.3,67.9,655.4,98.4],\"text\":\"During the years ended December 31, 2007 and 2006, the following activity occurred under our plans:\"}],\"order\":0,\"text\":\"During the years ended December 31, 2007 and 2006, the following activity occurred under our plans:\"},{\"bbox\":[471.0,107.1,518.0,159.1],\"lines\":[{\"bbox\":[479.7,107.4,508.0,120.8],\"text\":\"2007\"},{\"bbox\":[471.6,125.1,517.2,139.1],\"text\":\"$86,530\"},{\"bbox\":[479.3,145.1,518.0,158.8],\"text\":\"11,151\"}],\"order\":1,\"text\":\"2007\\n$86,530\\n11,151\"},{\"bbox\":[155.1,128.3,416.8,169.0],\"lines\":[{\"bbox\":[155.1,128.3,416.2,149.0],\"text\":\"Total intrinsic value of stock options exercised\"},{\"bbox\":[155.7,149.7,372.0,169.0],\"text\":\"Total fair value of stock awards vested\"}],\"order\":2,\"text\":\"Total intrinsic value of stock options exercised\\nTotal fair value of stock awards vested\"},{\"bbox\":[552.0,104.6,599.0,156.5],\"lines\":[{\"bbox\":[560.9,104.9,589.2,118.3],\"text\":\"2006\"},{\"bbox\":[552.5,122.6,598.2,136.5],\"text\":\"$39,471\"},{\"bbox\":[567.3,142.6,599.0,156.1],\"text\":\"9,573\"}],\"order\":3,\"text\":\"2006\\n$39,471\\n9,573\"},{\"bbox\":[53.8,175.1,774.3,226.9],\"lines\":[{\"bbox\":[103.8,175.1,773.8,208.6],\"text\":\"On December 31, 2007 the total compensation cost related to non-vested options not yet recognized is approximately\"},{\"bbox\":[54.3,200.8,487.8,226.9],\"text\":\"$36,032, with a weighted average expected amortization period of 3.60 years.\"}],\"order\":4,\"text\":\"On December 31, 2007 the total compensation cost related to non-vested options not yet recognized is approximately\\n$36,032, with a weighted average expected amortization period of 3.60 years.\"},{\"bbox\":[55.3,225.1,777.4,310.1],\"lines\":[{\"bbox\":[105.3,225.1,775.8,258.6],\"text\":\"On January 19, 2005, the Company announced that it would commence payment of quarterly dividend on its common\"},{\"bbox\":[55.9,241.7,776.0,276.8],\"text\":\"stock of $.015 per share. The Company paid its fourth quarterly dividend in the amount of $2,715 or $.015 per share on January 2,\"},{\"bbox\":[56.4,258.4,776.9,293.5],\"text\":\"2008 to shareholders of record as of December 12, 2007. Cumulative dividends declared during 2007 were $10,734. Total divi-\"},{\"bbox\":[56.9,283.3,515.6,310.1],\"text\":\"dends paid in 2007 were $10,710 including those declared in 2006 and paid in 2007.\"}],\"order\":5,\"text\":\"On January 19, 2005, the Company announced that it would commence payment of quarterly dividend on its common\\nstock of $.015 per share. The Company paid its fourth quarterly dividend in the amount of $2,715 or $.015 per share on January 2,\\n2008 to shareholders of record as of December 12, 2007. Cumulative dividends declared during 2007 were $10,734. Total divi-\\ndends paid in 2007 were $10,710 including those declared in 2006 and paid in 2007.\"},{\"bbox\":[58.0,308.4,779.1,360.1],\"lines\":[{\"bbox\":[107.9,308.4,778.6,341.9],\"text\":\"Balances of related after-tax components comprising accumulated other comprehensive loss included in shareholders'\"},{\"bbox\":[58.5,337.2,389.4,360.1],\"text\":\"equity at December 31, 2005, 2006 and 2007, are as follows:\"}],\"order\":6,\"text\":\"Balances of related after-tax components comprising accumulated other comprehensive loss included in shareholders'\\nequity at December 31, 2005, 2006 and 2007, are as follows:\"},{\"bbox\":[55.4,442.2,387.2,799.9],\"lines\":[{\"bbox\":[55.4,447.3,212.6,464.8],\"text\":\"Balance at January 1, 2005\"},{\"bbox\":[65.9,464.4,196.0,480.9],\"text\":\"T r a n s l a t i o n a d j u s t m e n t s\"},{\"bbox\":[66.4,476.2,348.7,497.6],\"text\":\"Revaluation of interest rate derivatives, net of tax of\"},{\"bbox\":[82.0,500.1,120.0,513.8],\"text\":\"$ 1 , 1 4 8\"},{\"bbox\":[70.0,508.7,378.6,530.8],\"text\":\"Minimum pension liability adjustment, net of tax of\"},{\"bbox\":[83.0,533.4,121.0,547.1],\"text\":\"$6,020\"},{\"bbox\":[58.6,546.7,233.2,564.7],\"text\":\"Balance at December 31, 2005\"},{\"bbox\":[69.1,564.3,199.2,580.9],\"text\":\"T r a n s l a t i o n a d j u s t m e n t s\"},{\"bbox\":[69.6,576.2,351.9,597.6],\"text\":\"Revaluation of interest rate derivatives, net of tax of\"},{\"bbox\":[85.1,600.0,123.1,613.7],\"text\":\"$ 1 , 1 7 6\"},{\"bbox\":[70.7,609.3,359.1,630.9],\"text\":\"Adjustment to initially apply SFAS 158, net of tax of\"},{\"bbox\":[91.2,633.0,135.9,646.9],\"text\":\"$ 1 1 , 8 6 8\"},{\"bbox\":[74.2,641.9,382.9,664.1],\"text\":\"Defined benefit plan liability adjustment, net of tax of\"},{\"bbox\":[87.2,666.7,125.2,680.4],\"text\":\"$1,713\"},{\"bbox\":[62.7,680.0,237.3,698.0],\"text\":\"Balance at December 31, 2006\"},{\"bbox\":[73.3,699.6,203.4,716.2],\"text\":\"T r a n s l a t i o n a d j u s t m e n t s\"},{\"bbox\":[73.8,711.5,356.1,732.8],\"text\":\"Revaluation of interest rate derivatives, net of tax of\"},{\"bbox\":[89.4,735.3,127.3,749.0],\"text\":\"$ 6 , 2 0 9\"},{\"bbox\":[77.4,743.9,386.1,766.1],\"text\":\"Defined benefit plan liability adjustment, net of tax of\"},{\"bbox\":[90.4,768.4,135.2,782.3],\"text\":\"$12,712\"},{\"bbox\":[65.9,782.0,240.5,799.9],\"text\":\"Balance at December 31, 2007\"}],\"order\":7,\"text\":\"Balance at January 1, 2005\\nT r a n s l a t i o n a d j u s t m e n t s\\nRevaluation of interest rate derivatives, net of tax of\\n$ 1 , 1 4 8\\nMinimum pension liability adjustment, net of tax of\\n$6,020\\nBalance at December 31, 2005\\nT r a n s l a t i o n a d j u s t m e n t s\\nRevaluation of interest rate derivatives, net of tax of\\n$ 1 , 1 7 6\\nAdjustment to initially apply SFAS 158, net of tax of\\n$ 1 1 , 8 6 8\\nDefined benefit plan liability adjustment, net of tax of\\n$1,713\\nBalance at December 31, 2006\\nT r a n s l a t i o n a d j u s t m e n t s\\nRevaluation of interest rate derivatives, net of tax of\\n$ 6 , 2 0 9\\nDefined benefit plan liability adjustment, net of tax of\\n$12,712\\nBalance at December 31, 2007\"},{\"bbox\":[80.4,1046.8,96.1,1061.0],\"lines\":[{\"bbox\":[80.4,1046.8,96.1,1061.0],\"text\":\"46\"}],\"order\":8,\"text\":\"46\"},{\"bbox\":[393.9,369.1,465.9,470.6],\"lines\":[{\"bbox\":[405.6,369.5,451.5,383.4],\"text\":\"Foreign\"},{\"bbox\":[400.8,386.0,457.3,400.2],\"text\":\"Currency\"},{\"bbox\":[395.4,402.4,463.9,417.1],\"text\":\"Translation\"},{\"bbox\":[395.5,419.1,464.8,433.8],\"text\":\"Adjustment\"},{\"bbox\":[401.2,439.5,455.9,453.8],\"text\":\"$ 5,986\"},{\"bbox\":[414.1,456.1,461.0,470.0],\"text\":\"( 1 1 , 9 5 6 )\"}],\"order\":9,\"text\":\"Foreign\\nCurrency\\nTranslation\\nAdjustment\\n$ 5,986\\n( 1 1 , 9 5 6 )\"},{\"bbox\":[486.1,382.4,573.8,467.7],\"lines\":[{\"bbox\":[486.1,382.4,571.6,397.6],\"text\":\"Revaluation of\"},{\"bbox\":[491.3,399.2,567.6,414.1],\"text\":\"Interest Rate\"},{\"bbox\":[496.9,416.0,563.0,430.6],\"text\":\"Derivatives\"},{\"bbox\":[517.0,436.0,568.3,450.1],\"text\":\"$ 1,447\"},{\"bbox\":[563.8,452.7,568.9,465.3],\"text\":\"-\"}],\"order\":10,\"text\":\"Revaluation of\\nInterest Rate\\nDerivatives\\n$ 1,447\\n-\"},{\"bbox\":[592.2,362.6,673.3,464.4],\"lines\":[{\"bbox\":[605.1,363.2,650.9,377.2],\"text\":\"Defined\"},{\"bbox\":[592.7,379.5,664.5,394.2],\"text\":\"Benefit Plan\"},{\"bbox\":[604.1,396.5,654.2,410.5],\"text\":\"Liability\"},{\"bbox\":[594.9,412.8,664.3,427.5],\"text\":\"Adjustment\"},{\"bbox\":[605.6,432.7,672.8,447.4],\"text\":\"$ (62,511)\"},{\"bbox\":[663.8,449.5,668.8,462.2],\"text\":\"-\"}],\"order\":11,\"text\":\"Defined\\nBenefit Plan\\nLiability\\nAdjustment\\n$ (62,511)\\n-\"},{\"bbox\":[688.7,359.2,782.8,461.3],\"lines\":[{\"bbox\":[695.5,359.4,773.2,374.3],\"text\":\"Accumulated\"},{\"bbox\":[717.2,376.7,752.5,390.3],\"text\":\"Other\"},{\"bbox\":[689.8,392.5,781.1,407.9],\"text\":\"Comprehensive\"},{\"bbox\":[694.7,409.3,777.1,424.4],\"text\":\"Income (Loss)\"},{\"bbox\":[711.8,429.4,779.0,444.0],\"text\":\"$ (55,078)\"},{\"bbox\":[732.5,446.1,779.4,460.0],\"text\":\"( 1 1 , 9 5 6 )\"}],\"order\":12,\"text\":\"Accumulated\\nOther\\nComprehensive\\nIncome (Loss)\\n$ (55,078)\\n( 1 1 , 9 5 6 )\"},{\"bbox\":[452.4,489.5,457.5,502.2],\"lines\":[{\"bbox\":[452.4,489.5,457.5,502.2],\"text\":\"-\"}],\"order\":13,\"text\":\"-\"},{\"bbox\":[544.3,485.9,574.3,499.3],\"lines\":[{\"bbox\":[544.3,485.9,574.3,499.3],\"text\":\"( 2 9 7 )\"}],\"order\":14,\"text\":\"( 2 9 7 )\"},{\"bbox\":[664.8,482.9,669.8,495.5],\"lines\":[{\"bbox\":[664.8,482.9,669.8,495.5],\"text\":\"-\"}],\"order\":15,\"text\":\"-\"},{\"bbox\":[750.5,479.4,780.5,492.8],\"lines\":[{\"bbox\":[750.5,479.4,780.5,492.8],\"text\":\"( 2 9 7 )\"}],\"order\":16,\"text\":\"( 2 9 7 )\"},{\"bbox\":[420.6,520.7,464.1,569.8],\"lines\":[{\"bbox\":[453.4,520.8,458.5,533.5],\"text\":\"-\"},{\"bbox\":[423.4,539.3,463.6,553.1],\"text\":\"(5,970)\"},{\"bbox\":[421.7,556.1,459.6,569.8],\"text\":\"1 6 , 8 2 9\"}],\"order\":17,\"text\":\"-\\n(5,970)\\n1 6 , 8 2 9\"},{\"bbox\":[539.7,517.3,572.0,566.1],\"lines\":[{\"bbox\":[565.8,517.3,570.8,530.0],\"text\":\"-\"},{\"bbox\":[540.3,536.0,571.4,549.5],\"text\":\"1,150\"},{\"bbox\":[567.0,552.6,572.0,565.3],\"text\":\"-\"}],\"order\":18,\"text\":\"-\\n1,150\\n-\"},{\"bbox\":[628.3,514.0,676.4,563.3],\"lines\":[{\"bbox\":[628.3,514.0,675.3,528.0],\"text\":\"(10,411)\"},{\"bbox\":[628.9,532.7,675.9,546.7],\"text\":\"(72,922)\"},{\"bbox\":[666.9,549.5,671.9,562.2],\"text\":\"-\"}],\"order\":19,\"text\":\"(10,411)\\n(72,922)\\n-\"},{\"bbox\":[734.5,510.7,782.7,560.0],\"lines\":[{\"bbox\":[734.5,510.7,781.5,524.7],\"text\":\"(10,411)\"},{\"bbox\":[735.1,529.4,782.1,543.3],\"text\":\"(77,742)\"},{\"bbox\":[740.1,546.2,778.1,559.9],\"text\":\"1 6 , 8 2 9\"}],\"order\":20,\"text\":\"(10,411)\\n(77,742)\\n1 6 , 8 2 9\"},{\"bbox\":[455.6,589.5,460.6,602.1],\"lines\":[{\"bbox\":[455.6,589.5,460.6,602.1],\"text\":\"-\"}],\"order\":21,\"text\":\"-\"},{\"bbox\":[541.8,585.9,573.0,599.4],\"lines\":[{\"bbox\":[541.8,585.9,573.0,599.4],\"text\":\"1 , 8 9 4\"}],\"order\":22,\"text\":\"1 , 8 9 4\"},{\"bbox\":[667.9,582.8,672.9,595.5],\"lines\":[{\"bbox\":[667.9,582.8,672.9,595.5],\"text\":\"-\"}],\"order\":23,\"text\":\"-\"},{\"bbox\":[748.0,579.5,779.1,593.0],\"lines\":[{\"bbox\":[748.0,579.5,779.1,593.0],\"text\":\"1 , 8 9 4\"}],\"order\":24,\"text\":\"1 , 8 9 4\"},{\"bbox\":[456.6,622.8,461.6,635.4],\"lines\":[{\"bbox\":[456.6,622.8,461.6,635.4],\"text\":\"-\"}],\"order\":25,\"text\":\"-\"},{\"bbox\":[569.0,619.3,574.0,631.9],\"lines\":[{\"bbox\":[569.0,619.3,574.0,631.9],\"text\":\"-\"}],\"order\":26,\"text\":\"-\"},{\"bbox\":[631.4,616.0,678.4,630.0],\"lines\":[{\"bbox\":[631.4,616.0,678.4,630.0],\"text\":\"( 1 9 , 2 8 2 )\"}],\"order\":27,\"text\":\"( 1 9 , 2 8 2 )\"},{\"bbox\":[737.6,612.7,784.6,626.6],\"lines\":[{\"bbox\":[737.6,612.7,784.6,626.6],\"text\":\"( 1 9 , 2 8 2 )\"}],\"order\":28,\"text\":\"( 1 9 , 2 8 2 )\"},{\"bbox\":[424.7,654.1,464.8,705.1],\"lines\":[{\"bbox\":[457.6,654.1,462.6,666.8],\"text\":\"-\"},{\"bbox\":[426.3,672.7,464.2,686.4],\"text\":\"10,859\"},{\"bbox\":[425.9,691.4,463.8,705.1],\"text\":\"2 6 , 0 7 8\"}],\"order\":29,\"text\":\"-\\n10,859\\n2 6 , 0 7 8\"},{\"bbox\":[545.5,650.5,577.8,701.3],\"lines\":[{\"bbox\":[570.0,650.6,575.0,663.2],\"text\":\"-\"},{\"bbox\":[546.1,669.2,577.2,682.7],\"text\":\"3,044\"},{\"bbox\":[571.2,687.9,576.2,700.6],\"text\":\"-\"}],\"order\":30,\"text\":\"-\\n3,044\\n-\"},{\"bbox\":[635.2,647.2,683.3,698.5],\"lines\":[{\"bbox\":[639.3,647.3,679.5,661.1],\"text\":\"(2,783)\"},{\"bbox\":[635.8,665.9,682.7,679.9],\"text\":\"(94,987)\"},{\"bbox\":[671.1,684.8,676.1,697.4],\"text\":\"-\"}],\"order\":31,\"text\":\"(2,783)\\n(94,987)\\n-\"},{\"bbox\":[738.3,644.0,786.8,695.3],\"lines\":[{\"bbox\":[745.5,644.0,785.7,657.7],\"text\":\"(2,783)\"},{\"bbox\":[738.9,662.6,785.8,676.6],\"text\":\"(81,084)\"},{\"bbox\":[746.0,681.4,784.0,695.1],\"text\":\"2 6 , 0 7 8\"}],\"order\":32,\"text\":\"(2,783)\\n(81,084)\\n2 6 , 0 7 8\"},{\"bbox\":[459.8,724.7,464.8,737.4],\"lines\":[{\"bbox\":[459.8,724.7,464.8,737.4],\"text\":\"-\"}],\"order\":33,\"text\":\"-\"},{\"bbox\":[534.7,721.1,581.7,735.0],\"lines\":[{\"bbox\":[534.7,721.1,581.7,735.0],\"text\":\"( 1 0 , 0 7 0 )\"}],\"order\":34,\"text\":\"( 1 0 , 0 7 0 )\"},{\"bbox\":[672.1,718.1,677.2,730.7],\"lines\":[{\"bbox\":[672.1,718.1,677.2,730.7],\"text\":\"-\"}],\"order\":35,\"text\":\"-\"},{\"bbox\":[740.9,714.6,787.8,728.6],\"lines\":[{\"bbox\":[740.9,714.6,787.8,728.6],\"text\":\"( 1 0 , 0 7 0 )\"}],\"order\":36,\"text\":\"( 1 0 , 0 7 0 )\"},{\"bbox\":[415.5,755.9,470.9,788.8],\"lines\":[{\"bbox\":[460.8,756.1,465.8,768.7],\"text\":\"-\"},{\"bbox\":[416.1,774.6,470.9,788.8],\"text\":\"$ 36,937\"}],\"order\":37,\"text\":\"-\\n$ 36,937\"},{\"bbox\":[525.9,771.1,582.9,785.3],\"lines\":[{\"bbox\":[525.9,771.1,582.9,785.3],\"text\":\"$ (7,026)\"}],\"order\":38,\"text\":\"$ (7,026)\"},{\"bbox\":[621.7,749.3,682.8,782.3],\"lines\":[{\"bbox\":[640.1,749.4,678.2,763.1],\"text\":\"21,432\"},{\"bbox\":[622.3,767.9,682.8,782.3],\"text\":\"$ (73,555)\"}],\"order\":39,\"text\":\"21,432\\n$ (73,555)\"},{\"bbox\":[724.8,745.9,789.2,779.1],\"lines\":[{\"bbox\":[746.3,746.1,784.4,759.8],\"text\":\"21,432\"},{\"bbox\":[725.4,764.6,789.2,779.1],\"text\":\"$ (43,644)\"}],\"order\":40,\"text\":\"21,432\\n$ (43,644)\"}],\"doc\":\"fintabnet:APH_2007\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"During the years ended December 31, 2007 and 2006, the following activity occurred under our plans:\\n\\n2007\\n$86,530\\n11,151\\n\\nTotal intrinsic value of stock options exercised\\nTotal fair value of stock awards vested\\n\\n2006\\n$39,471\\n9,573\\n\\nOn December 31, 2007 the total compensation cost related to non-vested options not yet recognized is approximately\\n$36,032, with a weighted average expected amortization period of 3.60 years.\\n\\nOn January 19, 2005, the Company announced that it would commence payment of quarterly dividend on its common\\nstock of $.015 per share. The Company paid its fourth quarterly dividend in the amount of $2,715 or $.015 per share on January 2,\\n2008 to shareholders of record as of December 12, 2007. Cumulative dividends declared during 2007 were $10,734. Total divi-\\ndends paid in 2007 were $10,710 including those declared in 2006 and paid in 2007.\\n\\nBalances of related after-tax components comprising accumulated other comprehensive loss included in shareholders'\\nequity at December 31, 2005, 2006 and 2007, are as follows:\\n\\nBalance at January 1, 2005\\nT r a n s l a t i o n a d j u s t m e n t s\\nRevaluation of interest rate derivatives, net of tax of\\n$ 1 , 1 4 8\\nMinimum pension liability adjustment, net of tax of\\n$6,020\\nBalance at December 31, 2005\\nT r a n s l a t i o n a d j u s t m e n t s\\nRevaluation of interest rate derivatives, net of tax of\\n$ 1 , 1 7 6\\nAdjustment to initially apply SFAS 158, net of tax of\\n$ 1 1 , 8 6 8\\nDefined benefit plan liability adjustment, net of tax of\\n$1,713\\nBalance at December 31, 2006\\nT r a n s l a t i o n a d j u s t m e n t s\\nRevaluation of interest rate derivatives, net of tax of\\n$ 6 , 2 0 9\\nDefined benefit plan liability adjustment, net of tax of\\n$12,712\\nBalance at December 31, 2007\\n\\n46\\n\\nForeign\\nCurrency\\nTranslation\\nAdjustment\\n$ 5,986\\n( 1 1 , 9 5 6 )\\n\\nRevaluation of\\nInterest Rate\\nDerivatives\\n$ 1,447\\n-\\n\\nDefined\\nBenefit Plan\\nLiability\\nAdjustment\\n$ (62,511)\\n-\\n\\nAccumulated\\nOther\\nComprehensive\\nIncome (Loss)\\n$ (55,078)\\n( 1 1 , 9 5 6 )\\n\\n-\\n\\n( 2 9 7 )\\n\\n-\\n\\n( 2 9 7 )\\n\\n-\\n(5,970)\\n1 6 , 8 2 9\\n\\n-\\n1,150\\n-\\n\\n(10,411)\\n(72,922)\\n-\\n\\n(10,411)\\n(77,742)\\n1 6 , 8 2 9\\n\\n-\\n\\n1 , 8 9 4\\n\\n-\\n\\n1 , 8 9 4\\n\\n-\\n\\n-\\n\\n( 1 9 , 2 8 2 )\\n\\n( 1 9 , 2 8 2 )\\n\\n-\\n10,859\\n2 6 , 0 7 8\\n\\n-\\n3,044\\n-\\n\\n(2,783)\\n(94,987)\\n-\\n\\n(2,783)\\n(81,084)\\n2 6 , 0 7 8\\n\\n-\\n\\n( 1 0 , 0 7 0 )\\n\\n-\\n\\n( 1 0 , 0 7 0 )\\n\\n-\\n$ 36,937\\n\\n$ (7,026)\\n\\n21,432\\n$ (73,555)\\n\\n21,432\\n$ (43,644)\",\"name\":\"fintabnet.APH_2007_page_58__100dpi_medium\",\"page_id\":\"fintabnet.APH_2007_page_58\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.796,\"source\":\"fintabnet\",\"source_id\":\"APH_2007_page_58\",\"stack\":[{\"deg\":1.796,\"op\":\"skew\"},{\"amp\":0.15,\"angle\":206.5,\"blob\":0.787,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":3.51,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":8.819},{\"gain\":0.829,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":57}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[154.4,99.6,599.1,169.9],\"block_orders\":[1,2,3],\"cells\":null}],\"text\":\"During the years ended December 31, 2007 and 2006, the following activity occurred under our plans:\\n\\n2007\\n$86,530\\n11,151\\n\\nTotal intrinsic value of stock options exercised\\nTotal fair value of stock awards vested\\n\\n2006\\n$39,471\\n9,573\\n\\nOn December 31, 2007 the total compensation cost related to non-vested options not yet recognized is approximately\\n$36,032, with a weighted average expected amortization period of 3.60 years.\\n\\nOn January 19, 2005, the Company announced that it would commence payment of quarterly dividend on its common\\nstock of $.015 per share. The Company paid its fourth quarterly dividend in the amount of $2,715 or $.015 per share on January 2,\\n2008 to shareholders of record as of December 12, 2007. Cumulative dividends declared during 2007 were $10,734. Total divi-\\ndends paid in 2007 were $10,710 including those declared in 2006 and paid in 2007.\\n\\nBalances of related after-tax components comprising accumulated other comprehensive loss included in shareholders'\\nequity at December 31, 2005, 2006 and 2007, are as follows:\\n\\nBalance at January 1, 2005\\nT r a n s l a t i o n a d j u s t m e n t s\\nRevaluation of interest rate derivatives, net of tax of\\n$ 1 , 1 4 8\\nMinimum pension liability adjustment, net of tax of\\n$6,020\\nBalance at December 31, 2005\\nT r a n s l a t i o n a d j u s t m e n t s\\nRevaluation of interest rate derivatives, net of tax of\\n$ 1 , 1 7 6\\nAdjustment to initially apply SFAS 158, net of tax of\\n$ 1 1 , 8 6 8\\nDefined benefit plan liability adjustment, net of tax of\\n$1,713\\nBalance at December 31, 2006\\nT r a n s l a t i o n a d j u s t m e n t s\\nRevaluation of interest rate derivatives, net of tax of\\n$ 6 , 2 0 9\\nDefined benefit plan liability adjustment, net of tax of\\n$12,712\\nBalance at December 31, 2007\\n\\n46\\n\\nForeign\\nCurrency\\nTranslation\\nAdjustment\\n$ 5,986\\n( 1 1 , 9 5 6 )\\n\\nRevaluation of\\nInterest Rate\\nDerivatives\\n$ 1,447\\n-\\n\\nDefined\\nBenefit Plan\\nLiability\\nAdjustment\\n$ (62,511)\\n-\\n\\nAccumulated\\nOther\\nComprehensive\\nIncome (Loss)\\n$ (55,078)\\n( 1 1 , 9 5 6 )\\n\\n-\\n\\n( 2 9 7 )\\n\\n-\\n\\n( 2 9 7 )\\n\\n-\\n(5,970)\\n1 6 , 8 2 9\\n\\n-\\n1,150\\n-\\n\\n(10,411)\\n(72,922)\\n-\\n\\n(10,411)\\n(77,742)\\n1 6 , 8 2 9\\n\\n-\\n\\n1 , 8 9 4\\n\\n-\\n\\n1 , 8 9 4\\n\\n-\\n\\n-\\n\\n( 1 9 , 2 8 2 )\\n\\n( 1 9 , 2 8 2 )\\n\\n-\\n10,859\\n2 6 , 0 7 8\\n\\n-\\n3,044\\n-\\n\\n(2,783)\\n(94,987)\\n-\\n\\n(2,783)\\n(81,084)\\n2 6 , 0 7 8\\n\\n-\\n\\n( 1 0 , 0 7 0 )\\n\\n-\\n\\n( 1 0 , 0 7 0 )\\n\\n-\\n$ 36,937\\n\\n$ (7,026)\\n\\n21,432\\n$ (73,555)\\n\\n21,432\\n$ (43,644)\"},\"name\":\"fintabnet.APH_2007_page_58__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":119964,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:APH_2007\",\"dpi\":100,\"gt_sha256\":\"1d745e702803144b190755184279f3a39b298383f28292e08f24b24201fb28ac\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.APH_2007_page_58__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.APH_2007_page_58\",\"pdf_sha256\":\"173022b209ca748e5f4154f5292e10960bc06e3cd05b698c2de5fb8405cdcfe0\",\"px\":[850,1100],\"scan\":{\"render\":\"f800ffe0ff00fff8ffc0ffd4f982fea2fe007eaa7e8278aa0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"APH_2007_page_58\",\"src\":{\"file_sha256\":\"b6f75ac97874b41ea2d999028c3e93f88eaedc691195679534d1b195530c89fe\",\"render\":\"00001ff01fd07ffe7ff801fe7ffe78aa7e0278ae7ea261fe0000000000000000\",\"text\":\"23d6eae843224c2d56ebd1263fba2964399022714e6626d1362dec68e8250426\"},\"stack\":[{\"deg\":1.796,\"op\":\"skew\"},{\"amp\":0.15,\"angle\":206.5,\"blob\":0.787,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":3.51,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":8.819},{\"gain\":0.829,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":57}],\"tools\":\"21647cade0ee\"},\"sha256\":\"173022b209ca748e5f4154f5292e10960bc06e3cd05b698c2de5fb8405cdcfe0\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/173022b209ca748e5f4154f5292e10960bc06e3cd05b698c2de5fb8405cdcfe0.pdf","asset_sha256":"173022b209ca748e5f4154f5292e10960bc06e3cd05b698c2de5fb8405cdcfe0","document_id":"fintabnet:APH_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"APH_2007_page_58\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ARE_2017_page_166\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ARE_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[1152.0,143.1,1318.3,203.1],\"lines\":[{\"bbox\":[1152.0,143.1,1318.3,203.1],\"text\":\"PART IV\"}],\"order\":0,\"text\":\"PART IV\"},{\"bbox\":[112.2,241.8,1369.3,331.3],\"lines\":[{\"bbox\":[112.2,241.8,1369.3,331.3],\"text\":\"ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES\"}],\"order\":1,\"text\":\"ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES\"},{\"bbox\":[264.8,365.2,497.7,427.2],\"lines\":[{\"bbox\":[264.8,365.2,497.7,427.2],\"text\":\"(a)(1) and (2)\"}],\"order\":2,\"text\":\"(a)(1) and (2)\"},{\"bbox\":[564.7,337.0,1537.2,419.1],\"lines\":[{\"bbox\":[564.7,337.0,1537.2,419.1],\"text\":\"Financial Statements and Financial Statement Schedule\"}],\"order\":3,\"text\":\"Financial Statements and Financial Statement Schedule\"},{\"bbox\":[117.6,418.3,2267.0,581.3],\"lines\":[{\"bbox\":[267.6,418.3,2265.6,527.2],\"text\":\"The financial statements and financial statement schedule required by this Item are included as a separate section in this\"},{\"bbox\":[119.0,503.0,986.9,581.3],\"text\":\"annual report on Form 10-K beginning on page F-1.\"}],\"order\":4,\"text\":\"The financial statements and financial statement schedule required by this Item are included as a separate section in this\\nannual report on Form 10-K beginning on page F-1.\"},{\"bbox\":[2252.8,553.3,2335.3,610.2],\"lines\":[{\"bbox\":[2252.8,553.3,2335.3,610.2],\"text\":\"Page\"}],\"order\":5,\"text\":\"Page\"},{\"bbox\":[133.0,686.7,2040.1,1334.2],\"lines\":[{\"bbox\":[133.0,711.6,1108.5,792.7],\"text\":\"Report of Independent Registered Public Accounting Firm\"},{\"bbox\":[134.7,762.4,1539.3,855.2],\"text\":\"Audited Consolidated Financial Statements of Alexandria Real Estate Equities, Inc.:\"},{\"bbox\":[186.4,832.4,1263.7,916.3],\"text\":\"Consolidated Balance Sheets as of December 31, 2017 and 2016\"},{\"bbox\":[188.1,880.5,1796.4,978.8],\"text\":\"Consolidated Statements of Operations for the Years Ended December 31, 2017, 2016, and 2015\"},{\"bbox\":[189.8,937.2,2012.0,1041.3],\"text\":\"Consolidated Statements of Comprehensive Income for the Years Ended December 31, 2017, 2016, and 2015\"},{\"bbox\":[191.5,999.1,2033.8,1103.8],\"text\":\"Consolidated Statements of Changes in Stockholders’ Equity and Noncontrolling Interests for the Years Ended\"},{\"bbox\":[230.1,1073.2,837.8,1144.4],\"text\":\"December 31, 2017, 2016, and 2015\"},{\"bbox\":[194.3,1109.2,1815.4,1207.9],\"text\":\"Consolidated Statements of Cash Flows for the Years Ended December 31, 2017, 2016, and 2015\"},{\"bbox\":[196.0,1195.9,926.4,1270.4],\"text\":\"Notes to Consolidated Financial Statements\"},{\"bbox\":[197.7,1230.9,1941.1,1332.9],\"text\":\"Schedule III – Consolidated Financial Statement Schedule of Real Estate and Accumulated Depreciation\"}],\"order\":6,\"text\":\"Report of Independent Registered Public Accounting Firm\\nAudited Consolidated Financial Statements of Alexandria Real Estate Equities, Inc.:\\nConsolidated Balance Sheets as of December 31, 2017 and 2016\\nConsolidated Statements of Operations for the Years Ended December 31, 2017, 2016, and 2015\\nConsolidated Statements of Comprehensive Income for the Years Ended December 31, 2017, 2016, and 2015\\nConsolidated Statements of Changes in Stockholders’ Equity and Noncontrolling Interests for the Years Ended\\nDecember 31, 2017, 2016, and 2015\\nConsolidated Statements of Cash Flows for the Years Ended December 31, 2017, 2016, and 2015\\nNotes to Consolidated Financial Statements\\nSchedule III – Consolidated Financial Statement Schedule of Real Estate and Accumulated Depreciation\"},{\"bbox\":[2267.9,678.5,2327.2,734.8],\"lines\":[{\"bbox\":[2267.9,678.5,2327.2,734.8],\"text\":\"F-1\"}],\"order\":7,\"text\":\"F-1\"},{\"bbox\":[2271.3,803.5,2334.0,984.7],\"lines\":[{\"bbox\":[2271.3,803.5,2330.6,859.8],\"text\":\"F-2\"},{\"bbox\":[2273.0,866.0,2332.3,922.3],\"text\":\"F-3\"},{\"bbox\":[2274.7,928.4,2334.0,984.7],\"text\":\"F-4\"}],\"order\":8,\"text\":\"F-2\\nF-3\\nF-4\"},{\"bbox\":[2267.1,1032.3,2352.3,1276.6],\"lines\":[{\"bbox\":[2277.5,1032.6,2336.8,1088.9],\"text\":\"F-5\"},{\"bbox\":[2279.2,1095.0,2338.5,1151.3],\"text\":\"F-7\"},{\"bbox\":[2280.9,1157.5,2340.2,1213.8],\"text\":\"F-9\"},{\"bbox\":[2272.2,1219.7,2352.3,1276.6],\"text\":\"F-69\"}],\"order\":9,\"text\":\"F-5\\nF-7\\nF-9\\nF-69\"},{\"bbox\":[330.0,1384.1,582.6,1446.7],\"lines\":[{\"bbox\":[330.0,1384.1,582.6,1446.7],\"text\":\"(a)(3) Exhibits\"}],\"order\":10,\"text\":\"(a)(3) 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Reclassified\\nPreferred Stock\\nSpecimen certificate representing shares of common stock\\nSpecimen certificate representing shares of 7.00% Series D Cumulative\\nConvertible Preferred Stock\"},{\"bbox\":[1280.6,3013.6,1344.6,3070.0],\"lines\":[{\"bbox\":[1280.6,3013.6,1344.6,3070.0],\"text\":\"123\"}],\"order\":24,\"text\":\"123\"},{\"bbox\":[1286.0,3164.2,1347.5,3222.0],\"lines\":[{\"bbox\":[1286.0,3164.2,1347.5,3222.0],\"text\":\"123\"}],\"order\":25,\"text\":\"123\"},{\"bbox\":[1702.3,1478.7,2002.0,1829.9],\"lines\":[{\"bbox\":[1702.3,1478.7,1994.2,1542.1],\"text\":\"Incorporated by\"},{\"bbox\":[1730.5,1521.1,1968.6,1583.0],\"text\":\"Reference to:\"},{\"bbox\":[1757.1,1581.3,1944.8,1641.1],\"text\":\"Form 10-Q\"},{\"bbox\":[1758.8,1643.8,1946.5,1703.6],\"text\":\"Form 10-Q\"},{\"bbox\":[1770.9,1706.5,1937.8,1765.8],\"text\":\"Form 8-K\"},{\"bbox\":[1772.6,1769.0,1939.5,1828.2],\"text\":\"Form 8-K\"}],\"order\":26,\"text\":\"Incorporated by\\nReference to:\\nForm 10-Q\\nForm 10-Q\\nForm 8-K\\nForm 8-K\"},{\"bbox\":[2074.9,1510.6,2356.2,1694.9],\"lines\":[{\"bbox\":[2121.1,1511.9,2306.6,1572.4],\"text\":\"Date Filed\"},{\"bbox\":[2076.5,1570.2,2354.5,1632.4],\"text\":\"August 14, 1997\"},{\"bbox\":[2078.2,1632.7,2356.2,1694.9],\"text\":\"August 14, 1997\"}],\"order\":27,\"text\":\"Date Filed\\nAugust 14, 1997\\nAugust 14, 1997\"},{\"bbox\":[2085.9,1699.1,2353.8,1819.7],\"lines\":[{\"bbox\":[2101.9,1699.5,2335.9,1760.5],\"text\":\"May 12, 2017\"},{\"bbox\":[2087.4,1757.8,2353.8,1819.7],\"text\":\"January 9, 2018\"}],\"order\":28,\"text\":\"May 12, 2017\\nJanuary 9, 2018\"},{\"bbox\":[1765.0,1872.9,1952.7,1932.7],\"lines\":[{\"bbox\":[1765.0,1872.9,1952.7,1932.7],\"text\":\"Form 10-Q\"}],\"order\":29,\"text\":\"Form 10-Q\"},{\"bbox\":[2084.4,1861.8,2362.4,1924.0],\"lines\":[{\"bbox\":[2084.4,1861.8,2362.4,1924.0],\"text\":\"August 13, 1999\"}],\"order\":30,\"text\":\"August 13, 1999\"},{\"bbox\":[1778.2,1977.3,1945.1,2036.5],\"lines\":[{\"bbox\":[1778.2,1977.3,1945.1,2036.5],\"text\":\"Form 8-K\"}],\"order\":31,\"text\":\"Form 8-K\"},{\"bbox\":[2072.3,1965.5,2380.3,2028.5],\"lines\":[{\"bbox\":[2072.3,1965.5,2380.3,2028.5],\"text\":\"February 10, 2000\"}],\"order\":32,\"text\":\"February 10, 2000\"},{\"bbox\":[1781.0,2081.4,1948.0,2140.6],\"lines\":[{\"bbox\":[1781.0,2081.4,1948.0,2140.6],\"text\":\"Form 8-K\"}],\"order\":33,\"text\":\"Form 8-K\"},{\"bbox\":[2075.1,2069.6,2383.1,2132.7],\"lines\":[{\"bbox\":[2075.1,2069.6,2383.1,2132.7],\"text\":\"February 10, 2000\"}],\"order\":34,\"text\":\"February 10, 2000\"},{\"bbox\":[1785.1,2185.5,1952.0,2244.7],\"lines\":[{\"bbox\":[1785.1,2185.5,1952.0,2244.7],\"text\":\"Form 8-A\"}],\"order\":35,\"text\":\"Form 8-A\"},{\"bbox\":[2088.3,2174.0,2375.5,2236.5],\"lines\":[{\"bbox\":[2088.3,2174.0,2375.5,2236.5],\"text\":\"January 18, 2002\"}],\"order\":36,\"text\":\"January 18, 2002\"},{\"bbox\":[1787.9,2289.6,1954.9,2348.9],\"lines\":[{\"bbox\":[1787.9,2289.6,1954.9,2348.9],\"text\":\"Form 8-A\"}],\"order\":37,\"text\":\"Form 8-A\"},{\"bbox\":[2117.6,2278.9,2351.6,2339.9],\"lines\":[{\"bbox\":[2117.6,2278.9,2351.6,2339.9],\"text\":\"June 28, 2004\"}],\"order\":38,\"text\":\"June 28, 2004\"},{\"bbox\":[1789.5,2393.8,1956.4,2453.0],\"lines\":[{\"bbox\":[1789.5,2393.8,1956.4,2453.0],\"text\":\"Form 8-K\"}],\"order\":39,\"text\":\"Form 8-K\"},{\"bbox\":[2104.4,2382.6,2370.8,2444.5],\"lines\":[{\"bbox\":[2104.4,2382.6,2370.8,2444.5],\"text\":\"March 25, 2008\"}],\"order\":40,\"text\":\"March 25, 2008\"},{\"bbox\":[1792.3,2497.9,1959.3,2557.1],\"lines\":[{\"bbox\":[1792.3,2497.9,1959.3,2557.1],\"text\":\"Form 8-K\"}],\"order\":41,\"text\":\"Form 8-K\"},{\"bbox\":[2107.2,2486.7,2373.6,2548.6],\"lines\":[{\"bbox\":[2107.2,2486.7,2373.6,2548.6],\"text\":\"March 14, 2012\"}],\"order\":42,\"text\":\"March 14, 2012\"},{\"bbox\":[1795.2,2602.1,1962.1,2661.3],\"lines\":[{\"bbox\":[1795.2,2602.1,1962.1,2661.3],\"text\":\"Form 8-K\"}],\"order\":43,\"text\":\"Form 8-K\"},{\"bbox\":[2126.1,2591.3,2360.1,2652.3],\"lines\":[{\"bbox\":[2126.1,2591.3,2360.1,2652.3],\"text\":\"May 12, 2017\"}],\"order\":44,\"text\":\"May 12, 2017\"},{\"bbox\":[1787.6,2705.9,1977.0,2828.2],\"lines\":[{\"bbox\":[1787.6,2705.9,1975.3,2765.7],\"text\":\"Form 10-Q\"},{\"bbox\":[1799.7,2768.7,1966.6,2827.9],\"text\":\"Form 8-K\"}],\"order\":45,\"text\":\"Form 10-Q\\nForm 8-K\"},{\"bbox\":[2112.9,2694.9,2381.0,2819.3],\"lines\":[{\"bbox\":[2140.2,2695.7,2352.6,2756.1],\"text\":\"May 5, 2011\"},{\"bbox\":[2114.6,2757.4,2381.0,2819.3],\"text\":\"March 25, 2008\"}],\"order\":46,\"text\":\"May 5, 2011\\nMarch 25, 2008\"}],\"doc\":\"fintabnet:ARE_2017\",\"dpi\":300,\"image_px\":[3300,3300],\"layout\":[],\"markdown\":\"PART IV\\n\\nITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES\\n\\n(a)(1) and (2)\\n\\nFinancial Statements and Financial Statement Schedule\\n\\nThe financial statements and financial statement schedule required by this Item are included as a separate section in this\\nannual report on Form 10-K beginning on page F-1.\\n\\nPage\\n\\nReport of Independent Registered Public Accounting Firm\\nAudited Consolidated Financial Statements of Alexandria Real Estate Equities, Inc.:\\nConsolidated Balance Sheets as of December 31, 2017 and 2016\\nConsolidated Statements of Operations for the Years Ended December 31, 2017, 2016, and 2015\\nConsolidated Statements of Comprehensive Income for the Years Ended December 31, 2017, 2016, and 2015\\nConsolidated Statements of Changes in Stockholders’ Equity and Noncontrolling Interests for the Years Ended\\nDecember 31, 2017, 2016, and 2015\\nConsolidated Statements of Cash Flows for the Years Ended December 31, 2017, 2016, and 2015\\nNotes to Consolidated Financial Statements\\nSchedule III – Consolidated Financial Statement Schedule of Real Estate and Accumulated Depreciation\\n\\nF-1\\n\\nF-2\\nF-3\\nF-4\\n\\nF-5\\nF-7\\nF-9\\nF-69\\n\\n(a)(3) Exhibits\\n\\nExhibit\\nNumber\\n3.1*\\n3.2*\\n3.3*\\n3.4*\\n\\n3.5*\\n\\n3.6*\\n\\n3.7*\\n\\n3.8*\\n\\n3.9*\\n\\n3.10*\\n\\n3.11*\\n\\n3.12*\\n\\n4.1*\\n4.2*\\n\\nExhibit Title\\nArticles of Amendment and Restatement of the Company\\nCertificate of Correction of the Company\\n\\nArticles of Amendment of the Company, dated May 10, 2017\\nAmended and Restated Bylaws of the Company (as amended January 5,\\n2018)\\nArticles Supplementary, dated June 9, 1999, relating to the 9.50% Series A\\nCumulative Redeemable Preferred Stock\\nArticles Supplementary, dated February 10, 2000, relating to the election to\\nbe subject to Subtitle 8 of Title 3 of the Maryland General Corporation Law\\nArticles Supplementary, dated February 10, 2000, relating to the Series A\\nJunior Participating Preferred Stock\\nArticles Supplementary, dated January 18, 2002, relating to the 9.10%\\nSeries B Cumulative Redeemable Preferred Stock\\nArticles Supplementary, dated June 22, 2004, relating to the 8.375%\\nSeries C Cumulative Redeemable Preferred Stock\\nArticles Supplementary, dated March 25, 2008, relating to the 7.00%\\nSeries D Cumulative Convertible Preferred Stock\\nArticles Supplementary, dated March 12, 2012, relating to the 6.45%\\nSeries E Cumulative Redeemable Preferred Stock\\n\\nArticles Supplementary, dated May 10, 2017, relating to Reclassified\\nPreferred Stock\\nSpecimen certificate representing shares of common stock\\nSpecimen certificate representing shares of 7.00% Series D Cumulative\\nConvertible Preferred Stock\\n\\n123\\n\\n123\\n\\nIncorporated by\\nReference to:\\nForm 10-Q\\nForm 10-Q\\nForm 8-K\\nForm 8-K\\n\\nDate Filed\\nAugust 14, 1997\\nAugust 14, 1997\\n\\nMay 12, 2017\\nJanuary 9, 2018\\n\\nForm 10-Q\\n\\nAugust 13, 1999\\n\\nForm 8-K\\n\\nFebruary 10, 2000\\n\\nForm 8-K\\n\\nFebruary 10, 2000\\n\\nForm 8-A\\n\\nJanuary 18, 2002\\n\\nForm 8-A\\n\\nJune 28, 2004\\n\\nForm 8-K\\n\\nMarch 25, 2008\\n\\nForm 8-K\\n\\nMarch 14, 2012\\n\\nForm 8-K\\n\\nMay 12, 2017\\n\\nForm 10-Q\\nForm 8-K\\n\\nMay 5, 2011\\nMarch 25, 2008\",\"name\":\"fintabnet.ARE_2017_page_166__300dpi_medium\",\"page_id\":\"fintabnet.ARE_2017_page_166\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.554,\"source\":\"fintabnet\",\"source_id\":\"ARE_2017_page_166\",\"stack\":[{\"deg\":1.554,\"op\":\"skew\"},{\"amp\":0.156,\"angle\":43.2,\"blob\":0.567,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":2.674,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":7.81},{\"bias\":0.079,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":20}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[129.8,558.1,2353.3,1330.4],\"block_orders\":[5,6,7,8,9],\"cells\":null}],\"text\":\"PART IV\\n\\nITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES\\n\\n(a)(1) and (2)\\n\\nFinancial Statements and Financial Statement Schedule\\n\\nThe financial statements and financial statement schedule required by this Item are included as a separate section in this\\nannual report on Form 10-K beginning on page F-1.\\n\\nPage\\n\\nReport of Independent Registered Public Accounting Firm\\nAudited Consolidated Financial Statements of Alexandria Real Estate Equities, Inc.:\\nConsolidated Balance Sheets as of December 31, 2017 and 2016\\nConsolidated Statements of Operations for the Years Ended December 31, 2017, 2016, and 2015\\nConsolidated Statements of Comprehensive Income for the Years Ended December 31, 2017, 2016, and 2015\\nConsolidated Statements of Changes in Stockholders’ Equity and Noncontrolling Interests for the Years Ended\\nDecember 31, 2017, 2016, and 2015\\nConsolidated Statements of Cash Flows for the Years Ended December 31, 2017, 2016, and 2015\\nNotes to Consolidated Financial Statements\\nSchedule III – Consolidated Financial Statement Schedule of Real Estate and Accumulated Depreciation\\n\\nF-1\\n\\nF-2\\nF-3\\nF-4\\n\\nF-5\\nF-7\\nF-9\\nF-69\\n\\n(a)(3) Exhibits\\n\\nExhibit\\nNumber\\n3.1*\\n3.2*\\n3.3*\\n3.4*\\n\\n3.5*\\n\\n3.6*\\n\\n3.7*\\n\\n3.8*\\n\\n3.9*\\n\\n3.10*\\n\\n3.11*\\n\\n3.12*\\n\\n4.1*\\n4.2*\\n\\nExhibit Title\\nArticles of Amendment and Restatement of the Company\\nCertificate of Correction of the Company\\n\\nArticles of Amendment of the Company, dated May 10, 2017\\nAmended and Restated Bylaws of the Company (as amended January 5,\\n2018)\\nArticles Supplementary, dated June 9, 1999, relating to the 9.50% Series A\\nCumulative Redeemable Preferred Stock\\nArticles Supplementary, dated February 10, 2000, relating to the election to\\nbe subject to Subtitle 8 of Title 3 of the Maryland General Corporation Law\\nArticles Supplementary, dated February 10, 2000, relating to the Series A\\nJunior Participating Preferred Stock\\nArticles Supplementary, dated January 18, 2002, relating to the 9.10%\\nSeries B Cumulative Redeemable Preferred Stock\\nArticles Supplementary, dated June 22, 2004, relating to the 8.375%\\nSeries C Cumulative Redeemable Preferred Stock\\nArticles Supplementary, dated March 25, 2008, relating to the 7.00%\\nSeries D Cumulative Convertible Preferred Stock\\nArticles Supplementary, dated March 12, 2012, relating to the 6.45%\\nSeries E Cumulative Redeemable Preferred Stock\\n\\nArticles Supplementary, dated May 10, 2017, relating to Reclassified\\nPreferred Stock\\nSpecimen certificate representing shares of common stock\\nSpecimen certificate representing shares of 7.00% Series D Cumulative\\nConvertible Preferred Stock\\n\\n123\\n\\n123\\n\\nIncorporated by\\nReference to:\\nForm 10-Q\\nForm 10-Q\\nForm 8-K\\nForm 8-K\\n\\nDate Filed\\nAugust 14, 1997\\nAugust 14, 1997\\n\\nMay 12, 2017\\nJanuary 9, 2018\\n\\nForm 10-Q\\n\\nAugust 13, 1999\\n\\nForm 8-K\\n\\nFebruary 10, 2000\\n\\nForm 8-K\\n\\nFebruary 10, 2000\\n\\nForm 8-A\\n\\nJanuary 18, 2002\\n\\nForm 8-A\\n\\nJune 28, 2004\\n\\nForm 8-K\\n\\nMarch 25, 2008\\n\\nForm 8-K\\n\\nMarch 14, 2012\\n\\nForm 8-K\\n\\nMay 12, 2017\\n\\nForm 10-Q\\nForm 8-K\\n\\nMay 5, 2011\\nMarch 25, 2008\"},\"name\":\"fintabnet.ARE_2017_page_166__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":218891,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:ARE_2017\",\"dpi\":300,\"gt_sha256\":\"d4767e4dd4075d9ee7bc11c81dfce55c0a69aac457699b8ef4fa236a5d43d743\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; 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train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ARE_2017_page_166\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ARE_2017_page_83\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ARE_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[600.0,91.6,874.2,128.7],\"lines\":[{\"bbox\":[600.0,91.6,874.2,128.7],\"text\":\"Locations of properties\"}],\"order\":0,\"text\":\"Locations of properties\"},{\"bbox\":[600.0,174.1,2090.2,277.3],\"lines\":[{\"bbox\":[700.0,174.1,2090.2,210.6],\"text\":\"The locations of our properties are diversified among a number of life science and technology cluster markets. The following\"},{\"bbox\":[600.0,207.4,2072.9,243.9],\"text\":\"table sets forth the total RSF, number of properties, and annual rental revenue in effect as of December 31, 2017, of our properties in\"},{\"bbox\":[600.0,240.8,1426.3,277.3],\"text\":\"North America by market (dollars in thousands, except per RSF amounts):\"}],\"order\":1,\"text\":\"The locations of our properties are diversified among a number of life science and technology cluster markets. The following\\ntable sets forth the total RSF, number of properties, and annual rental revenue in effect as of December 31, 2017, of our properties in\\nNorth America by market (dollars in thousands, except per RSF amounts):\"},{\"bbox\":[1214.9,331.2,1254.4,360.4],\"lines\":[{\"bbox\":[1214.9,331.2,1254.4,360.4],\"text\":\"RSF\"}],\"order\":2,\"text\":\"RSF\"},{\"bbox\":[1614.0,344.3,1710.9,395.7],\"lines\":[{\"bbox\":[1614.0,344.3,1710.9,373.5],\"text\":\"Number of\"},{\"bbox\":[1617.3,366.5,1707.5,395.7],\"text\":\"Properties\"}],\"order\":3,\"text\":\"Number of\\nProperties\"},{\"bbox\":[1367.3,402.6,1456.2,431.8],\"lines\":[{\"bbox\":[1367.3,402.6,1456.2,431.8],\"text\":\"6,449,879\"}],\"order\":4,\"text\":\"6,449,879\"},{\"bbox\":[1544.4,402.6,1588.8,431.8],\"lines\":[{\"bbox\":[1544.4,402.6,1588.8,431.8],\"text\":\"29 %\"}],\"order\":5,\"text\":\"29 %\"},{\"bbox\":[1695.2,402.6,1717.5,431.8],\"lines\":[{\"bbox\":[1695.2,402.6,1717.5,431.8],\"text\":\"54\"}],\"order\":6,\"text\":\"54\"},{\"bbox\":[1744.4,402.6,1839.6,431.8],\"lines\":[{\"bbox\":[1744.4,402.6,1839.6,431.8],\"text\":\"$ 356,178\"}],\"order\":7,\"text\":\"$ 356,178\"},{\"bbox\":[1927.8,402.6,2002.8,431.8],\"lines\":[{\"bbox\":[1927.8,402.6,2002.8,431.8],\"text\":\"38 % $\"}],\"order\":8,\"text\":\"38 % $\"},{\"bbox\":[2039.6,402.6,2089.6,431.8],\"lines\":[{\"bbox\":[2039.6,402.6,2089.6,431.8],\"text\":\"61.05\"}],\"order\":9,\"text\":\"61.05\"},{\"bbox\":[1367.3,438.7,1456.2,467.9],\"lines\":[{\"bbox\":[1367.3,438.7,1456.2,467.9],\"text\":\"5,625,654\"}],\"order\":10,\"text\":\"5,625,654\"},{\"bbox\":[1544.4,438.7,1566.6,467.9],\"lines\":[{\"bbox\":[1544.4,438.7,1566.6,467.9],\"text\":\"26\"}],\"order\":11,\"text\":\"26\"},{\"bbox\":[1695.2,438.7,1717.5,467.9],\"lines\":[{\"bbox\":[1695.2,438.7,1717.5,467.9],\"text\":\"39\"}],\"order\":12,\"text\":\"39\"},{\"bbox\":[1767.3,438.7,1839.6,467.9],\"lines\":[{\"bbox\":[1767.3,438.7,1839.6,467.9],\"text\":\"216,765\"}],\"order\":13,\"text\":\"216,765\"},{\"bbox\":[1927.8,438.7,1950.0,467.9],\"lines\":[{\"bbox\":[1927.8,438.7,1950.0,467.9],\"text\":\"23\"}],\"order\":14,\"text\":\"23\"},{\"bbox\":[2039.6,438.7,2089.6,467.9],\"lines\":[{\"bbox\":[2039.6,438.7,2089.6,467.9],\"text\":\"49.37\"}],\"order\":15,\"text\":\"49.37\"},{\"bbox\":[1303.6,474.8,1325.8,504.0],\"lines\":[{\"bbox\":[1303.6,474.8,1325.8,504.0],\"text\":\"—\"}],\"order\":16,\"text\":\"—\"},{\"bbox\":[1384.0,474.8,1456.2,504.0],\"lines\":[{\"bbox\":[1384.0,474.8,1456.2,504.0],\"text\":\"727,674\"}],\"order\":17,\"text\":\"727,674\"},{\"bbox\":[1555.6,474.8,1566.7,504.0],\"lines\":[{\"bbox\":[1555.6,474.8,1566.7,504.0],\"text\":\"3\"}],\"order\":18,\"text\":\"3\"},{\"bbox\":[1706.4,474.8,1717.5,504.0],\"lines\":[{\"bbox\":[1706.4,474.8,1717.5,504.0],\"text\":\"2\"}],\"order\":19,\"text\":\"2\"},{\"bbox\":[1778.5,474.8,1839.6,504.0],\"lines\":[{\"bbox\":[1778.5,474.8,1839.6,504.0],\"text\":\"63,325\"}],\"order\":20,\"text\":\"63,325\"},{\"bbox\":[1938.9,474.8,1950.0,504.0],\"lines\":[{\"bbox\":[1938.9,474.8,1950.0,504.0],\"text\":\"7\"}],\"order\":21,\"text\":\"7\"},{\"bbox\":[2039.6,474.8,2089.6,504.0],\"lines\":[{\"bbox\":[2039.6,474.8,2089.6,504.0],\"text\":\"87.20\"}],\"order\":22,\"text\":\"87.20\"},{\"bbox\":[1253.5,510.9,1325.7,540.1],\"lines\":[{\"bbox\":[1253.5,510.9,1325.7,540.1],\"text\":\"163,648\"}],\"order\":23,\"text\":\"163,648\"},{\"bbox\":[1367.3,510.9,1456.2,540.1],\"lines\":[{\"bbox\":[1367.3,510.9,1456.2,540.1],\"text\":\"4,271,135\"}],\"order\":24,\"text\":\"4,271,135\"},{\"bbox\":[1544.4,510.9,1566.7,540.1],\"lines\":[{\"bbox\":[1544.4,510.9,1566.7,540.1],\"text\":\"19\"}],\"order\":25,\"text\":\"19\"},{\"bbox\":[1695.3,510.9,1717.5,540.1],\"lines\":[{\"bbox\":[1695.3,510.9,1717.5,540.1],\"text\":\"53\"}],\"order\":26,\"text\":\"53\"},{\"bbox\":[1767.3,510.9,1839.6,540.1],\"lines\":[{\"bbox\":[1767.3,510.9,1839.6,540.1],\"text\":\"151,871\"}],\"order\":27,\"text\":\"151,871\"},{\"bbox\":[1927.8,510.9,1950.0,540.1],\"lines\":[{\"bbox\":[1927.8,510.9,1950.0,540.1],\"text\":\"16\"}],\"order\":28,\"text\":\"16\"},{\"bbox\":[2039.6,510.9,2089.6,540.1],\"lines\":[{\"bbox\":[2039.6,510.9,2089.6,540.1],\"text\":\"39.12\"}],\"order\":29,\"text\":\"39.12\"},{\"bbox\":[1134.1,547.1,1156.4,576.3],\"lines\":[{\"bbox\":[1134.1,547.1,1156.4,576.3],\"text\":\"—\"}],\"order\":30,\"text\":\"—\"},{\"bbox\":[1303.6,547.1,1325.8,576.3],\"lines\":[{\"bbox\":[1303.6,547.1,1325.8,576.3],\"text\":\"—\"}],\"order\":31,\"text\":\"—\"},{\"bbox\":[1367.3,547.1,1456.2,576.3],\"lines\":[{\"bbox\":[1367.3,547.1,1456.2,576.3],\"text\":\"1,037,920\"}],\"order\":32,\"text\":\"1,037,920\"},{\"bbox\":[1555.6,547.1,1566.7,576.3],\"lines\":[{\"bbox\":[1555.6,547.1,1566.7,576.3],\"text\":\"5\"}],\"order\":33,\"text\":\"5\"},{\"bbox\":[1695.3,547.1,1717.5,576.3],\"lines\":[{\"bbox\":[1695.3,547.1,1717.5,576.3],\"text\":\"11\"}],\"order\":34,\"text\":\"11\"},{\"bbox\":[1778.5,547.1,1839.6,576.3],\"lines\":[{\"bbox\":[1778.5,547.1,1839.6,576.3],\"text\":\"48,720\"}],\"order\":35,\"text\":\"48,720\"},{\"bbox\":[1938.9,547.1,1950.0,576.3],\"lines\":[{\"bbox\":[1938.9,547.1,1950.0,576.3],\"text\":\"5\"}],\"order\":36,\"text\":\"5\"},{\"bbox\":[2039.6,547.1,2089.6,576.3],\"lines\":[{\"bbox\":[2039.6,547.1,2089.6,576.3],\"text\":\"48.03\"}],\"order\":37,\"text\":\"48.03\"},{\"bbox\":[1134.1,583.2,1156.4,612.4],\"lines\":[{\"bbox\":[1134.1,583.2,1156.4,612.4],\"text\":\"—\"}],\"order\":38,\"text\":\"—\"},{\"bbox\":[1264.7,583.2,1325.8,612.4],\"lines\":[{\"bbox\":[1264.7,583.2,1325.8,612.4],\"text\":\"45,039\"}],\"order\":39,\"text\":\"45,039\"},{\"bbox\":[1367.3,583.2,1456.2,612.4],\"lines\":[{\"bbox\":[1367.3,583.2,1456.2,612.4],\"text\":\"2,124,489\"}],\"order\":40,\"text\":\"2,124,489\"},{\"bbox\":[1544.4,583.2,1566.7,612.4],\"lines\":[{\"bbox\":[1544.4,583.2,1566.7,612.4],\"text\":\"10\"}],\"order\":41,\"text\":\"10\"},{\"bbox\":[1695.3,583.2,1717.5,612.4],\"lines\":[{\"bbox\":[1695.3,583.2,1717.5,612.4],\"text\":\"29\"}],\"order\":42,\"text\":\"29\"},{\"bbox\":[1778.5,583.2,1839.6,612.4],\"lines\":[{\"bbox\":[1778.5,583.2,1839.6,612.4],\"text\":\"51,931\"}],\"order\":43,\"text\":\"51,931\"},{\"bbox\":[1938.9,583.2,1950.0,612.4],\"lines\":[{\"bbox\":[1938.9,583.2,1950.0,612.4],\"text\":\"6\"}],\"order\":44,\"text\":\"6\"},{\"bbox\":[2039.6,583.2,2089.6,612.4],\"lines\":[{\"bbox\":[2039.6,583.2,2089.6,612.4],\"text\":\"26.23\"}],\"order\":45,\"text\":\"26.23\"},{\"bbox\":[911.8,619.3,1000.7,648.5],\"lines\":[{\"bbox\":[911.8,619.3,1000.7,648.5],\"text\":\"1,043,726\"}],\"order\":46,\"text\":\"1,043,726\"},{\"bbox\":[1134.1,619.3,1156.4,648.5],\"lines\":[{\"bbox\":[1134.1,619.3,1156.4,648.5],\"text\":\"—\"}],\"order\":47,\"text\":\"—\"},{\"bbox\":[1253.5,619.3,1325.7,648.5],\"lines\":[{\"bbox\":[1253.5,619.3,1325.7,648.5],\"text\":\"175,000\"}],\"order\":48,\"text\":\"175,000\"},{\"bbox\":[1367.3,619.3,1456.2,648.5],\"lines\":[{\"bbox\":[1367.3,619.3,1456.2,648.5],\"text\":\"1,218,726\"}],\"order\":49,\"text\":\"1,218,726\"},{\"bbox\":[1555.6,619.3,1566.7,648.5],\"lines\":[{\"bbox\":[1555.6,619.3,1566.7,648.5],\"text\":\"6\"}],\"order\":50,\"text\":\"6\"},{\"bbox\":[1695.3,619.3,1717.5,648.5],\"lines\":[{\"bbox\":[1695.3,619.3,1717.5,648.5],\"text\":\"16\"}],\"order\":51,\"text\":\"16\"},{\"bbox\":[1778.5,619.3,1839.6,648.5],\"lines\":[{\"bbox\":[1778.5,619.3,1839.6,648.5],\"text\":\"26,544\"}],\"order\":52,\"text\":\"26,544\"},{\"bbox\":[1938.9,619.3,1950.0,648.5],\"lines\":[{\"bbox\":[1938.9,619.3,1950.0,648.5],\"text\":\"3\"}],\"order\":53,\"text\":\"3\"},{\"bbox\":[2039.6,619.3,2089.6,648.5],\"lines\":[{\"bbox\":[2039.6,619.3,2089.6,648.5],\"text\":\"25.93\"}],\"order\":54,\"text\":\"25.93\"},{\"bbox\":[928.5,655.4,1000.7,684.6],\"lines\":[{\"bbox\":[928.5,655.4,1000.7,684.6],\"text\":\"256,967\"}],\"order\":55,\"text\":\"256,967\"},{\"bbox\":[1134.1,655.4,1156.4,684.6],\"lines\":[{\"bbox\":[1134.1,655.4,1156.4,684.6],\"text\":\"—\"}],\"order\":56,\"text\":\"—\"},{\"bbox\":[1303.6,655.4,1325.8,684.6],\"lines\":[{\"bbox\":[1303.6,655.4,1325.8,684.6],\"text\":\"—\"}],\"order\":57,\"text\":\"—\"},{\"bbox\":[1384.0,655.4,1456.2,684.6],\"lines\":[{\"bbox\":[1384.0,655.4,1456.2,684.6],\"text\":\"256,967\"}],\"order\":58,\"text\":\"256,967\"},{\"bbox\":[1555.6,655.4,1566.7,684.6],\"lines\":[{\"bbox\":[1555.6,655.4,1566.7,684.6],\"text\":\"1\"}],\"order\":59,\"text\":\"1\"},{\"bbox\":[1706.4,655.4,1717.5,684.6],\"lines\":[{\"bbox\":[1706.4,655.4,1717.5,684.6],\"text\":\"3\"}],\"order\":60,\"text\":\"3\"},{\"bbox\":[1789.6,655.4,1839.6,684.6],\"lines\":[{\"bbox\":[1789.6,655.4,1839.6,684.6],\"text\":\"6,652\"}],\"order\":61,\"text\":\"6,652\"},{\"bbox\":[1938.9,655.4,1950.0,684.6],\"lines\":[{\"bbox\":[1938.9,655.4,1950.0,684.6],\"text\":\"1\"}],\"order\":62,\"text\":\"1\"},{\"bbox\":[2039.6,655.4,2089.6,684.6],\"lines\":[{\"bbox\":[2039.6,655.4,2089.6,684.6],\"text\":\"26.00\"}],\"order\":63,\"text\":\"26.00\"},{\"bbox\":[1938.9,691.5,1950.0,720.7],\"lines\":[{\"bbox\":[1938.9,691.5,1950.0,720.7],\"text\":\"1\"}],\"order\":64,\"text\":\"1\"},{\"bbox\":[2039.6,691.5,2089.6,720.7],\"lines\":[{\"bbox\":[2039.6,691.5,2089.6,720.7],\"text\":\"25.60\"}],\"order\":65,\"text\":\"25.60\"},{\"bbox\":[1916.7,730.0,2002.8,759.6],\"lines\":[{\"bbox\":[1916.7,730.0,2002.8,759.6],\"text\":\"100% 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Francisco\"},{\"bbox\":[911.8,402.6,1000.6,431.8],\"lines\":[{\"bbox\":[911.8,402.6,1000.6,431.8],\"text\":\"6,135,551\"}],\"order\":73,\"text\":\"6,135,551\"},{\"bbox\":[1084.0,402.6,1156.2,431.8],\"lines\":[{\"bbox\":[1084.0,402.6,1156.2,431.8],\"text\":\"255,155\"}],\"order\":74,\"text\":\"255,155\"},{\"bbox\":[1264.7,402.6,1325.8,431.8],\"lines\":[{\"bbox\":[1264.7,402.6,1325.8,431.8],\"text\":\"59,173\"}],\"order\":75,\"text\":\"59,173\"},{\"bbox\":[911.8,438.7,1000.7,467.9],\"lines\":[{\"bbox\":[911.8,438.7,1000.7,467.9],\"text\":\"4,604,736\"}],\"order\":76,\"text\":\"4,604,736\"},{\"bbox\":[1067.3,438.7,1156.2,467.9],\"lines\":[{\"bbox\":[1067.3,438.7,1156.2,467.9],\"text\":\"1,020,918\"}],\"order\":77,\"text\":\"1,020,918\"},{\"bbox\":[1303.6,438.7,1325.8,467.9],\"lines\":[{\"bbox\":[1303.6,438.7,1325.8,467.9],\"text\":\"—\"}],\"order\":78,\"text\":\"—\"},{\"bbox\":[605.5,474.8,740.6,504.0],\"lines\":[{\"bbox\":[605.5,474.8,740.6,504.0],\"text\":\"New York 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927,380\"}],\"order\":111,\"text\":\"$ 927,380\"},{\"bbox\":[1868.6,366.5,1962.4,395.7],\"lines\":[{\"bbox\":[1868.6,366.5,1962.4,395.7],\"text\":\"% of Total\"}],\"order\":112,\"text\":\"% of Total\"},{\"bbox\":[2003.4,366.5,2076.9,395.7],\"lines\":[{\"bbox\":[2003.4,366.5,2076.9,395.7],\"text\":\"per RSF\"}],\"order\":113,\"text\":\"per RSF\"},{\"bbox\":[600.0,790.3,1539.5,815.8],\"lines\":[{\"bbox\":[600.0,790.3,1539.5,815.8],\"text\":\"Refer to the “Non-GAAP Measures” section under Item 7 of this annual report on Form 10-K for additional information.\"}],\"order\":114,\"text\":\"Refer to the “Non-GAAP Measures” section under Item 7 of this annual report on Form 10-K for additional information.\"},{\"bbox\":[600.0,848.0,1241.4,885.1],\"lines\":[{\"bbox\":[600.0,848.0,1241.4,885.1],\"text\":\"Summary of occupancy percentages in North America\"}],\"order\":115,\"text\":\"Summary of occupancy percentages in North America\"},{\"bbox\":[600.0,915.2,2097.8,985.1],\"lines\":[{\"bbox\":[700.0,915.2,2097.8,951.7],\"text\":\"The following table sets forth the occupancy percentages for our operating properties and our properties under redevelopment\"},{\"bbox\":[600.0,948.6,1308.9,985.1],\"text\":\"in each of our North America markets as of the following dates:\"}],\"order\":116,\"text\":\"The following table sets forth the occupancy percentages for our operating properties and our properties under redevelopment\\nin each of our North America markets as of the following dates:\"},{\"bbox\":[1188.2,1031.0,1372.7,1060.2],\"lines\":[{\"bbox\":[1188.2,1031.0,1372.7,1060.2],\"text\":\"Operating Properties\"}],\"order\":117,\"text\":\"Operating 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America\"},{\"bbox\":[1122.4,1463.9,1183.5,1493.5],\"lines\":[{\"bbox\":[1122.4,1463.9,1183.5,1493.5],\"text\":\"96.8%\"}],\"order\":197,\"text\":\"96.8%\"},{\"bbox\":[1303.0,1463.9,1364.1,1493.5],\"lines\":[{\"bbox\":[1303.0,1463.9,1364.1,1493.5],\"text\":\"96.6%\"}],\"order\":198,\"text\":\"96.6%\"},{\"bbox\":[1483.5,1463.9,1544.6,1493.5],\"lines\":[{\"bbox\":[1483.5,1463.9,1544.6,1493.5],\"text\":\"97.2%\"}],\"order\":199,\"text\":\"97.2%\"},{\"bbox\":[1672.4,1463.9,1733.5,1493.5],\"lines\":[{\"bbox\":[1672.4,1463.9,1733.5,1493.5],\"text\":\"94.7%\"}],\"order\":200,\"text\":\"94.7%\"},{\"bbox\":[1853.0,1463.9,1914.1,1493.5],\"lines\":[{\"bbox\":[1853.0,1463.9,1914.1,1493.5],\"text\":\"95.7%\"}],\"order\":201,\"text\":\"95.7%\"},{\"bbox\":[2036.3,1463.9,2097.4,1493.5],\"lines\":[{\"bbox\":[2036.3,1463.9,2097.4,1493.5],\"text\":\"93.7%\"}],\"order\":202,\"text\":\"93.7%\"},{\"bbox\":[1336.1,2053.7,1363.9,2090.2],\"lines\":[{\"bbox\":[1336.1,2053.7,1363.9,2090.2],\"text\":\"40\"}],\"order\":203,\"text\":\"40\"},{\"bbox\":[1336.7,2103.6,1363.3,2141.1],\"lines\":[{\"bbox\":[1336.7,2103.6,1363.3,2141.1],\"text\":\"40\"}],\"order\":204,\"text\":\"40\"}],\"doc\":\"fintabnet:ARE_2017\",\"dpi\":200,\"image_px\":[2200,2200],\"layout\":[],\"markdown\":\"Locations of properties\\n\\nThe locations of our properties are diversified among a number of life science and technology cluster markets. The following\\ntable sets forth the total RSF, number of properties, and annual rental revenue in effect as of December 31, 2017, of our properties in\\nNorth America by market (dollars in thousands, except per RSF amounts):\\n\\nRSF\\n\\nNumber of\\nProperties\\n\\n6,449,879\\n\\n29 %\\n\\n54\\n\\n$ 356,178\\n\\n38 % $\\n\\n61.05\\n\\n5,625,654\\n\\n26\\n\\n39\\n\\n216,765\\n\\n23\\n\\n49.37\\n\\n—\\n\\n727,674\\n\\n3\\n\\n2\\n\\n63,325\\n\\n7\\n\\n87.20\\n\\n163,648\\n\\n4,271,135\\n\\n19\\n\\n53\\n\\n151,871\\n\\n16\\n\\n39.12\\n\\n—\\n\\n—\\n\\n1,037,920\\n\\n5\\n\\n11\\n\\n48,720\\n\\n5\\n\\n48.03\\n\\n—\\n\\n45,039\\n\\n2,124,489\\n\\n10\\n\\n29\\n\\n51,931\\n\\n6\\n\\n26.23\\n\\n1,043,726\\n\\n—\\n\\n175,000\\n\\n1,218,726\\n\\n6\\n\\n16\\n\\n26,544\\n\\n3\\n\\n25.93\\n\\n256,967\\n\\n—\\n\\n—\\n\\n256,967\\n\\n1\\n\\n3\\n\\n6,652\\n\\n1\\n\\n26.00\\n\\n1\\n\\n25.60\\n\\n100% $\\n\\n48.01\\n\\nOperating\\n\\nDevelopment\\n\\nRedevelopment\\n\\nGreater Boston\\n\\nSan Francisco\\n\\n6,135,551\\n\\n255,155\\n\\n59,173\\n\\n4,604,736\\n\\n1,020,918\\n\\n—\\n\\nNew York City\\n\\n727,674\\n\\n—\\n\\nSan Diego\\n\\n4,107,487\\n\\n—\\n\\nSeattle\\n\\n1,037,920\\n\\nMaryland\\n\\n2,079,450\\n\\nResearch Triangle Park\\n\\nCanada\\n\\nAnnual Rental Revenue\\n\\n% of Total\\n\\nMarket\\n\\nTotal\\n\\nTotal\\n\\nNon-cluster markets\\n\\n268,689\\n\\n—\\n\\n—\\n\\n268,689\\n\\n1\\n\\n6\\n\\n5,394\\n\\nNorth America\\n\\n20,262,200\\n\\n1,276,073\\n\\n442,860\\n\\n21,981,133\\n\\n100%\\n\\n213\\n\\n$ 927,380\\n\\n% of Total\\n\\nper RSF\\n\\nRefer to the “Non-GAAP Measures” section under Item 7 of this annual report on Form 10-K for additional information.\\n\\nSummary of occupancy percentages in North America\\n\\nThe following table sets forth the occupancy percentages for our operating properties and our properties under redevelopment\\nin each of our North America markets as of the following dates:\\n\\nOperating Properties\\n\\nMarket\\n\\n12/31/17\\n\\n12/31/16\\n\\nOperating and Redevelopment Properties\\n\\n12/31/15\\n\\n12/31/17\\n\\n12/31/16\\n\\n12/31/15\\n\\nGreater Boston\\n\\n96.6 %\\n\\n96.2 %\\n\\n96.5 %\\n\\n95.7 %\\n\\n96.2 %\\n\\n95.2 %\\n\\nSan Francisco\\n\\n99.6\\n\\n99.9\\n\\n100.0\\n\\n99.6\\n\\n99.9\\n\\n100.0\\n\\nNew York City\\n\\n99.8\\n\\n97.3\\n\\n99.7\\n\\n99.8\\n\\n97.3\\n\\n99.7\\n\\nSan Diego\\n\\n94.5\\n\\n94.3\\n\\n96.4\\n\\n90.9\\n\\n90.4\\n\\n82.3\\n\\nSeattle\\n\\n97.7\\n\\n97.6\\n\\n99.6\\n\\n97.7\\n\\n97.6\\n\\n99.6\\n\\nMaryland\\n\\n95.2\\n\\n95.8\\n\\n96.0\\n\\n93.2\\n\\n95.8\\n\\n96.0\\n\\nResearch Triangle Park\\n\\n98.1\\n\\n99.0\\n\\n97.6\\n\\n84.0\\n\\n99.0\\n\\n97.6\\n\\n97.0\\n\\n96.7\\n\\n97.4\\n\\n94.9\\n\\n95.8\\n\\n93.8\\n\\nCanada\\n\\nSubtotal\\n\\n99.6\\n\\n99.2\\n\\n99.3\\n\\n99.6\\n\\n99.2\\n\\n99.3\\n\\nNon-cluster markets\\n\\n78.4\\n\\n87.7\\n\\n80.0\\n\\n78.4\\n\\n87.7\\n\\n80.0\\n\\nNorth America\\n\\n96.8%\\n\\n96.6%\\n\\n97.2%\\n\\n94.7%\\n\\n95.7%\\n\\n93.7%\\n\\n40\\n\\n40\",\"name\":\"fintabnet.ARE_2017_page_83__200dpi_none\",\"page_id\":\"fintabnet.ARE_2017_page_83\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"ARE_2017_page_83\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[605.6,1033.5,2097.4,1491.5],\"block_orders\":[117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,143,144,145,146,147,148,149,150,151,152,153,154,155,156,157,158,159,160,161,162,163,164,165,166,167,168,169,170,171,172,173,174,175,176,177,178,179,180,181,182,183,184,185,186,187,188,189,190,191,192,193,194,195,196,197,198,199,200,201,202],\"cells\":null}],\"text\":\"Locations of properties\\n\\nThe locations of our properties are diversified among a number of life science and technology cluster markets. The following\\ntable sets forth the total RSF, number of properties, and annual rental revenue in effect as of December 31, 2017, of our properties in\\nNorth America by market (dollars in thousands, except per RSF amounts):\\n\\nRSF\\n\\nNumber of\\nProperties\\n\\n6,449,879\\n\\n29 %\\n\\n54\\n\\n$ 356,178\\n\\n38 % $\\n\\n61.05\\n\\n5,625,654\\n\\n26\\n\\n39\\n\\n216,765\\n\\n23\\n\\n49.37\\n\\n—\\n\\n727,674\\n\\n3\\n\\n2\\n\\n63,325\\n\\n7\\n\\n87.20\\n\\n163,648\\n\\n4,271,135\\n\\n19\\n\\n53\\n\\n151,871\\n\\n16\\n\\n39.12\\n\\n—\\n\\n—\\n\\n1,037,920\\n\\n5\\n\\n11\\n\\n48,720\\n\\n5\\n\\n48.03\\n\\n—\\n\\n45,039\\n\\n2,124,489\\n\\n10\\n\\n29\\n\\n51,931\\n\\n6\\n\\n26.23\\n\\n1,043,726\\n\\n—\\n\\n175,000\\n\\n1,218,726\\n\\n6\\n\\n16\\n\\n26,544\\n\\n3\\n\\n25.93\\n\\n256,967\\n\\n—\\n\\n—\\n\\n256,967\\n\\n1\\n\\n3\\n\\n6,652\\n\\n1\\n\\n26.00\\n\\n1\\n\\n25.60\\n\\n100% $\\n\\n48.01\\n\\nOperating\\n\\nDevelopment\\n\\nRedevelopment\\n\\nGreater Boston\\n\\nSan Francisco\\n\\n6,135,551\\n\\n255,155\\n\\n59,173\\n\\n4,604,736\\n\\n1,020,918\\n\\n—\\n\\nNew York City\\n\\n727,674\\n\\n—\\n\\nSan Diego\\n\\n4,107,487\\n\\n—\\n\\nSeattle\\n\\n1,037,920\\n\\nMaryland\\n\\n2,079,450\\n\\nResearch Triangle Park\\n\\nCanada\\n\\nAnnual Rental Revenue\\n\\n% of Total\\n\\nMarket\\n\\nTotal\\n\\nTotal\\n\\nNon-cluster markets\\n\\n268,689\\n\\n—\\n\\n—\\n\\n268,689\\n\\n1\\n\\n6\\n\\n5,394\\n\\nNorth America\\n\\n20,262,200\\n\\n1,276,073\\n\\n442,860\\n\\n21,981,133\\n\\n100%\\n\\n213\\n\\n$ 927,380\\n\\n% of Total\\n\\nper RSF\\n\\nRefer to the “Non-GAAP Measures” section under Item 7 of this annual report on Form 10-K for additional information.\\n\\nSummary of occupancy percentages in North America\\n\\nThe following table sets forth the occupancy percentages for our operating properties and our properties under redevelopment\\nin each of our North America markets as of the following dates:\\n\\nOperating Properties\\n\\nMarket\\n\\n12/31/17\\n\\n12/31/16\\n\\nOperating and Redevelopment Properties\\n\\n12/31/15\\n\\n12/31/17\\n\\n12/31/16\\n\\n12/31/15\\n\\nGreater Boston\\n\\n96.6 %\\n\\n96.2 %\\n\\n96.5 %\\n\\n95.7 %\\n\\n96.2 %\\n\\n95.2 %\\n\\nSan Francisco\\n\\n99.6\\n\\n99.9\\n\\n100.0\\n\\n99.6\\n\\n99.9\\n\\n100.0\\n\\nNew York City\\n\\n99.8\\n\\n97.3\\n\\n99.7\\n\\n99.8\\n\\n97.3\\n\\n99.7\\n\\nSan Diego\\n\\n94.5\\n\\n94.3\\n\\n96.4\\n\\n90.9\\n\\n90.4\\n\\n82.3\\n\\nSeattle\\n\\n97.7\\n\\n97.6\\n\\n99.6\\n\\n97.7\\n\\n97.6\\n\\n99.6\\n\\nMaryland\\n\\n95.2\\n\\n95.8\\n\\n96.0\\n\\n93.2\\n\\n95.8\\n\\n96.0\\n\\nResearch Triangle Park\\n\\n98.1\\n\\n99.0\\n\\n97.6\\n\\n84.0\\n\\n99.0\\n\\n97.6\\n\\n97.0\\n\\n96.7\\n\\n97.4\\n\\n94.9\\n\\n95.8\\n\\n93.8\\n\\nCanada\\n\\nSubtotal\\n\\n99.6\\n\\n99.2\\n\\n99.3\\n\\n99.6\\n\\n99.2\\n\\n99.3\\n\\nNon-cluster markets\\n\\n78.4\\n\\n87.7\\n\\n80.0\\n\\n78.4\\n\\n87.7\\n\\n80.0\\n\\nNorth America\\n\\n96.8%\\n\\n96.6%\\n\\n97.2%\\n\\n94.7%\\n\\n95.7%\\n\\n93.7%\\n\\n40\\n\\n40\"},\"name\":\"fintabnet.ARE_2017_page_83__200dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":142516,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:ARE_2017\",\"dpi\":200,\"gt_sha256\":\"da330945270f5abb702f6f2adcd9cb3081bca911bb18591828fe4f5ce65991bc\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ARE_2017_page_83__200dpi_none\",\"page\":1,\"page_id\":\"fintabnet.ARE_2017_page_83\",\"pdf_sha256\":\"4d97ba2a11cfaa3e5a88b759e0b95e31f9f60e3fb0c7154d2154ce551d60e278\",\"px\":[2200,2200],\"scan\":{\"render\":\"04000ffe03fe0ffe0ffe0fff078001ce0ffe0ffe0fff00000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"ARE_2017_page_83\",\"src\":{\"file_sha256\":\"b4bef8c6059b475d1525adefe9cfc6ddd04802f8657315e6dddfdf97ee9f99f0\",\"render\":\"000007fe03fe0ffe0ffe0ffe078001ce0ffe0ffe0fff00000000000000000000\",\"text\":\"96c7322cef8aa363ee884c5e02893d292637b4dfe47727db49e1a4ec79309b1e\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"4d97ba2a11cfaa3e5a88b759e0b95e31f9f60e3fb0c7154d2154ce551d60e278\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/4d97ba2a11cfaa3e5a88b759e0b95e31f9f60e3fb0c7154d2154ce551d60e278.pdf","asset_sha256":"4d97ba2a11cfaa3e5a88b759e0b95e31f9f60e3fb0c7154d2154ce551d60e278","document_id":"fintabnet:ARE_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ARE_2017_page_83\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ATVI_2005_page_69\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ATVI_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[95.0,31.4,304.9,56.4],\"lines\":[{\"bbox\":[95.0,31.4,304.9,56.4],\"text\":\"Activision, Inc. — 2005 Annual Report\"}],\"order\":0,\"text\":\"Activision, Inc. — 2005 Annual Report\"},{\"bbox\":[92.3,79.4,512.9,126.9],\"lines\":[{\"bbox\":[92.3,79.4,512.9,126.9],\"text\":\"Notes to Consolidated Financial Statements\"}],\"order\":1,\"text\":\"Notes to Consolidated Financial Statements\"},{\"bbox\":[90.5,131.0,1114.1,194.5],\"lines\":[{\"bbox\":[90.5,131.0,1114.1,194.5],\"text\":\"The following table summarizes our cash, cash equivalents and short-term investments as of March 31, 2004 (amounts in thousands):\"}],\"order\":2,\"text\":\"The following table summarizes our cash, cash equivalents and short-term investments as of March 31, 2004 (amounts in thousands):\"},{\"bbox\":[752.2,219.6,828.4,265.7],\"lines\":[{\"bbox\":[753.1,219.6,828.4,244.9],\"text\":\"Amortized\"},{\"bbox\":[772.5,241.3,807.3,264.8],\"text\":\"Cost\"}],\"order\":3,\"text\":\"Amortized\\nCost\"},{\"bbox\":[869.3,203.9,948.5,270.9],\"lines\":[{\"bbox\":[888.5,204.6,931.1,228.5],\"text\":\"Gross\"},{\"bbox\":[870.2,224.7,947.6,250.0],\"text\":\"Unrealized\"},{\"bbox\":[887.0,246.3,929.0,270.1],\"text\":\"Gains\"}],\"order\":4,\"text\":\"Gross\\nUnrealized\\nGains\"},{\"bbox\":[985.4,208.9,1064.5,275.9],\"lines\":[{\"bbox\":[1004.6,209.6,1047.1,233.5],\"text\":\"Gross\"},{\"bbox\":[986.3,229.7,1063.6,255.0],\"text\":\"Unrealized\"},{\"bbox\":[1000.4,251.2,1047.7,275.2],\"text\":\"Losses\"}],\"order\":5,\"text\":\"Gross\\nUnrealized\\nLosses\"},{\"bbox\":[1117.0,235.4,1156.8,279.9],\"lines\":[{\"bbox\":[1123.1,235.6,1151.6,258.8],\"text\":\"Fair\"},{\"bbox\":[1117.0,256.2,1155.9,279.9],\"text\":\"Value\"}],\"order\":6,\"text\":\"Fair\\nValue\"},{\"bbox\":[83.1,241.6,298.3,332.5],\"lines\":[{\"bbox\":[85.8,241.6,298.3,270.1],\"text\":\"Cash and cash equivalents:\"},{\"bbox\":[101.5,263.1,284.0,290.3],\"text\":\"Cash and time deposits\"},{\"bbox\":[100.6,284.0,258.2,310.1],\"text\":\"Money market funds\"},{\"bbox\":[99.7,304.8,242.2,330.2],\"text\":\"Commercial paper\"}],\"order\":7,\"text\":\"Cash and cash equivalents:\\nCash and time deposits\\nMoney market funds\\nCommercial paper\"},{\"bbox\":[750.1,290.8,823.6,357.5],\"lines\":[{\"bbox\":[751.9,290.8,823.6,315.9],\"text\":\"$101,414\"},{\"bbox\":[770.1,312.4,822.7,336.7],\"text\":\"60,006\"},{\"bbox\":[778.7,333.6,821.8,357.5],\"text\":\"3,700\"}],\"order\":8,\"text\":\"$101,414\\n60,006\\n3,700\"},{\"bbox\":[883.3,296.5,924.5,361.8],\"lines\":[{\"bbox\":[885.1,296.5,924.5,320.2],\"text\":\"$ —\"},{\"bbox\":[903.9,318.2,923.6,341.0],\"text\":\"—\"},{\"bbox\":[903.0,339.0,922.7,361.8],\"text\":\"—\"}],\"order\":9,\"text\":\"$ —\\n—\\n—\"},{\"bbox\":[1000.9,301.6,1041.1,366.9],\"lines\":[{\"bbox\":[1002.7,301.6,1041.1,325.2],\"text\":\"$ —\"},{\"bbox\":[1020.5,323.2,1040.2,346.1],\"text\":\"—\"},{\"bbox\":[1019.6,344.0,1039.3,366.9],\"text\":\"—\"}],\"order\":10,\"text\":\"$ —\\n—\\n—\"},{\"bbox\":[1096.6,305.7,1170.1,372.4],\"lines\":[{\"bbox\":[1098.4,305.7,1170.1,330.8],\"text\":\"$ 101,414\"},{\"bbox\":[1116.7,327.3,1169.2,351.6],\"text\":\"60,006\"},{\"bbox\":[1125.3,348.6,1168.3,372.4],\"text\":\"3,700\"}],\"order\":11,\"text\":\"$ 101,414\\n60,006\\n3,700\"},{\"bbox\":[98.5,333.9,305.8,362.2],\"lines\":[{\"bbox\":[98.5,333.9,305.8,362.2],\"text\":\"Cash and cash equivalents\"}],\"order\":12,\"text\":\"Cash and cash equivalents\"},{\"bbox\":[758.4,361.9,820.5,386.6],\"lines\":[{\"bbox\":[758.4,361.9,820.5,386.6],\"text\":\"165,120\"}],\"order\":13,\"text\":\"165,120\"},{\"bbox\":[901.8,368.1,921.5,391.0],\"lines\":[{\"bbox\":[901.8,368.1,921.5,391.0],\"text\":\"—\"}],\"order\":14,\"text\":\"—\"},{\"bbox\":[1018.3,373.1,1038.0,396.0],\"lines\":[{\"bbox\":[1018.3,373.1,1038.0,396.0],\"text\":\"—\"}],\"order\":15,\"text\":\"—\"},{\"bbox\":[1105.0,376.9,1167.1,401.6],\"lines\":[{\"bbox\":[1105.0,376.9,1167.1,401.6],\"text\":\"165,120\"}],\"order\":16,\"text\":\"165,120\"},{\"bbox\":[76.1,362.6,282.0,494.7],\"lines\":[{\"bbox\":[80.5,362.6,266.3,389.9],\"text\":\"Short-term investments:\"},{\"bbox\":[96.3,384.1,236.6,409.5],\"text\":\"Auction rate notes\"},{\"bbox\":[95.4,404.9,226.5,429.9],\"text\":\"Corporate bonds\"},{\"bbox\":[94.5,425.8,241.5,451.4],\"text\":\"U.S. agency issues\"},{\"bbox\":[93.6,446.6,278.4,473.9],\"text\":\"Asset-backed securities\"},{\"bbox\":[92.7,467.4,220.4,492.2],\"text\":\"Municipal bonds\"}],\"order\":17,\"text\":\"Short-term investments:\\nAuction rate notes\\nCorporate bonds\\nU.S. agency issues\\nAsset-backed securities\\nMunicipal bonds\"},{\"bbox\":[752.7,412.1,818.4,520.1],\"lines\":[{\"bbox\":[756.2,412.1,818.4,436.8],\"text\":\"301,432\"},{\"bbox\":[764.9,433.4,817.5,457.6],\"text\":\"21,047\"},{\"bbox\":[764.0,454.2,816.6,478.5],\"text\":\"71,817\"},{\"bbox\":[763.1,475.0,815.7,499.3],\"text\":\"23,113\"},{\"bbox\":[771.7,496.2,814.8,520.1],\"text\":\"5,023\"}],\"order\":18,\"text\":\"301,432\\n21,047\\n71,817\\n23,113\\n5,023\"},{\"bbox\":[895.7,418.3,919.3,524.4],\"lines\":[{\"bbox\":[899.6,418.3,919.3,441.2],\"text\":\"—\"},{\"bbox\":[898.4,439.1,918.4,462.0],\"text\":\"13\"},{\"bbox\":[897.5,459.9,917.5,482.8],\"text\":\"76\"},{\"bbox\":[896.6,480.8,916.6,503.6],\"text\":\"74\"},{\"bbox\":[896.0,501.6,915.7,524.4],\"text\":\"—\"}],\"order\":19,\"text\":\"—\\n13\\n76\\n74\\n—\"},{\"bbox\":[1004.4,423.0,1043.7,529.8],\"lines\":[{\"bbox\":[1016.2,423.4,1035.9,446.2],\"text\":\"—\"},{\"bbox\":[1007.1,443.8,1042.8,467.4],\"text\":\"(24)\"},{\"bbox\":[1015.7,465.0,1041.9,488.2],\"text\":\"(4)\"},{\"bbox\":[1005.3,485.5,1041.0,509.0],\"text\":\"(38)\"},{\"bbox\":[1012.6,506.6,1032.3,529.5],\"text\":\"—\"}],\"order\":20,\"text\":\"—\\n(24)\\n(4)\\n(38)\\n—\"},{\"bbox\":[1099.2,427.1,1164.9,535.0],\"lines\":[{\"bbox\":[1102.8,427.1,1164.9,451.8],\"text\":\"301,432\"},{\"bbox\":[1111.4,448.3,1164.0,472.6],\"text\":\"21,036\"},{\"bbox\":[1110.5,469.1,1163.1,493.4],\"text\":\"71,889\"},{\"bbox\":[1109.6,490.0,1162.2,514.2],\"text\":\"23,149\"},{\"bbox\":[1118.3,511.2,1161.3,535.0],\"text\":\"5,023\"}],\"order\":21,\"text\":\"301,432\\n21,036\\n71,889\\n23,149\\n5,023\"},{\"bbox\":[91.4,496.5,272.0,523.6],\"lines\":[{\"bbox\":[91.4,496.5,272.0,523.6],\"text\":\"Short-term investments\"}],\"order\":22,\"text\":\"Short-term investments\"},{\"bbox\":[751.4,524.5,813.5,549.2],\"lines\":[{\"bbox\":[751.4,524.5,813.5,549.2],\"text\":\"422,432\"}],\"order\":23,\"text\":\"422,432\"},{\"bbox\":[884.9,530.3,914.5,553.6],\"lines\":[{\"bbox\":[884.9,530.3,914.5,553.6],\"text\":\"163\"}],\"order\":24,\"text\":\"163\"},{\"bbox\":[1003.1,535.4,1038.9,559.0],\"lines\":[{\"bbox\":[1003.1,535.4,1038.9,559.0],\"text\":\"(66)\"}],\"order\":25,\"text\":\"(66)\"},{\"bbox\":[1097.9,539.5,1160.1,564.2],\"lines\":[{\"bbox\":[1097.9,539.5,1160.1,564.2],\"text\":\"422,529\"}],\"order\":26,\"text\":\"422,529\"},{\"bbox\":[90.2,525.7,484.6,562.0],\"lines\":[{\"bbox\":[90.2,525.7,484.6,562.0],\"text\":\"Cash, cash equivalents and short-term investments\"}],\"order\":27,\"text\":\"Cash, cash equivalents and short-term investments\"},{\"bbox\":[740.6,553.3,812.3,578.4],\"lines\":[{\"bbox\":[740.6,553.3,812.3,578.4],\"text\":\"$587,552\"}],\"order\":28,\"text\":\"$587,552\"},{\"bbox\":[873.7,559.0,913.2,582.7],\"lines\":[{\"bbox\":[873.7,559.0,913.2,582.7],\"text\":\"$ 163\"}],\"order\":29,\"text\":\"$ 163\"},{\"bbox\":[991.3,564.1,1037.6,588.1],\"lines\":[{\"bbox\":[991.3,564.1,1037.6,588.1],\"text\":\"$ (66)\"}],\"order\":30,\"text\":\"$ (66)\"},{\"bbox\":[1087.1,568.2,1158.8,593.3],\"lines\":[{\"bbox\":[1087.1,568.2,1158.8,593.3],\"text\":\"$ 587,649\"}],\"order\":31,\"text\":\"$ 587,649\"},{\"bbox\":[70.8,567.1,1358.7,662.8],\"lines\":[{\"bbox\":[71.7,567.1,1358.7,641.9],\"text\":\"Auction rate securities are securities that are structured with short-term reset dates of generally less than 90 days but with maturities in excess of 90 days. At the end of\"},{\"bbox\":[70.8,587.9,1349.9,662.4],\"text\":\"the reset period, investors can sell or continue to hold the securities at par. These securities are classified in the table below based on their legal stated maturity dates.\"}],\"order\":32,\"text\":\"Auction rate securities are securities that are structured with short-term reset dates of generally less than 90 days but with maturities in excess of 90 days. At the end of\\nthe reset period, investors can sell or continue to hold the securities at par. These securities are classified in the table below based on their legal stated maturity dates.\"},{\"bbox\":[69.5,619.1,1059.5,681.2],\"lines\":[{\"bbox\":[69.5,619.1,1059.5,681.2],\"text\":\"The following table summarizes the maturities of our investments in debt securities as of March 31, 2005 (amounts in thousands):\"}],\"order\":33,\"text\":\"The following table summarizes the maturities of our investments in debt securities as of March 31, 2005 (amounts in thousands):\"},{\"bbox\":[975.5,689.1,1052.6,735.2],\"lines\":[{\"bbox\":[976.4,689.1,1052.6,714.4],\"text\":\"Amortized\"},{\"bbox\":[996.3,710.8,1030.9,734.3],\"text\":\"Cost\"}],\"order\":34,\"text\":\"Amortized\\nCost\"},{\"bbox\":[1098.3,694.4,1140.0,739.0],\"lines\":[{\"bbox\":[1104.7,694.6,1134.5,717.9],\"text\":\"Fair\"},{\"bbox\":[1098.3,715.2,1139.1,739.0],\"text\":\"Value\"}],\"order\":35,\"text\":\"Fair\\nValue\"},{\"bbox\":[63.3,700.6,371.0,795.5],\"lines\":[{\"bbox\":[66.0,700.6,242.3,727.5],\"text\":\"Due in one year or less\"},{\"bbox\":[65.1,721.4,350.6,753.0],\"text\":\"Due after one year through two years\"},{\"bbox\":[64.2,742.2,369.2,774.7],\"text\":\"Due after two years through three years\"},{\"bbox\":[63.3,763.0,267.9,791.1],\"text\":\"Due in three years or more\"}],\"order\":36,\"text\":\"Due in one year or less\\nDue after one year through two years\\nDue after two years through three years\\nDue in three years or more\"},{\"bbox\":[972.8,739.4,1047.2,826.9],\"lines\":[{\"bbox\":[975.5,739.4,1047.2,764.4],\"text\":\"$169,738\"},{\"bbox\":[984.1,760.6,1046.3,785.3],\"text\":\"203,741\"},{\"bbox\":[992.8,781.8,1045.4,806.1],\"text\":\"75,256\"},{\"bbox\":[991.9,802.6,1044.5,826.9],\"text\":\"23,275\"}],\"order\":37,\"text\":\"$169,738\\n203,741\\n75,256\\n23,275\"},{\"bbox\":[1078.9,743.9,1153.3,831.5],\"lines\":[{\"bbox\":[1081.6,743.9,1153.3,769.0],\"text\":\"$ 169,028\"},{\"bbox\":[1090.3,765.2,1152.4,789.8],\"text\":\"201,530\"},{\"bbox\":[1098.9,786.4,1151.5,810.7],\"text\":\"74,762\"},{\"bbox\":[1098.0,807.2,1150.6,831.5],\"text\":\"23,048\"}],\"order\":38,\"text\":\"$ 169,028\\n201,530\\n74,762\\n23,048\"},{\"bbox\":[61.1,813.2,245.9,840.5],\"lines\":[{\"bbox\":[61.1,813.2,245.9,840.5],\"text\":\"Asset-backed securities\"}],\"order\":39,\"text\":\"Asset-backed securities\"},{\"bbox\":[980.2,831.6,1043.2,877.1],\"lines\":[{\"bbox\":[981.1,831.6,1043.2,856.3],\"text\":\"472,010\"},{\"bbox\":[989.7,852.8,1042.3,877.1],\"text\":\"83,517\"}],\"order\":40,\"text\":\"472,010\\n83,517\"},{\"bbox\":[1086.3,836.2,1149.3,881.7],\"lines\":[{\"bbox\":[1087.2,836.2,1149.3,860.9],\"text\":\"468,368\"},{\"bbox\":[1095.9,857.4,1148.4,881.7],\"text\":\"83,044\"}],\"order\":41,\"text\":\"468,368\\n83,044\"},{\"bbox\":[59.8,842.4,97.3,863.3],\"lines\":[{\"bbox\":[59.8,842.4,97.3,863.3],\"text\":\"Total\"}],\"order\":42,\"text\":\"Total\"},{\"bbox\":[969.4,881.1,1041.0,906.2],\"lines\":[{\"bbox\":[969.4,881.1,1041.0,906.2],\"text\":\"$555,527\"}],\"order\":43,\"text\":\"$555,527\"},{\"bbox\":[1075.5,885.7,1147.2,910.8],\"lines\":[{\"bbox\":[1075.5,885.7,1147.2,910.8],\"text\":\"$ 551,412\"}],\"order\":44,\"text\":\"$ 551,412\"},{\"bbox\":[55.6,943.1,96.7,960.7],\"lines\":[{\"bbox\":[55.6,943.1,96.7,960.7],\"text\":\"page 68\"}],\"order\":45,\"text\":\"page 68\"}],\"doc\":\"fintabnet:ATVI_2005\",\"dpi\":150,\"image_px\":[1500,1050],\"layout\":[],\"markdown\":\"Activision, Inc. — 2005 Annual Report\\n\\nNotes to Consolidated Financial Statements\\n\\nThe following table summarizes our cash, cash equivalents and short-term investments as of March 31, 2004 (amounts in thousands):\\n\\nAmortized\\nCost\\n\\nGross\\nUnrealized\\nGains\\n\\nGross\\nUnrealized\\nLosses\\n\\nFair\\nValue\\n\\nCash and cash equivalents:\\nCash and time deposits\\nMoney market funds\\nCommercial paper\\n\\n$101,414\\n60,006\\n3,700\\n\\n$ —\\n—\\n—\\n\\n$ —\\n—\\n—\\n\\n$ 101,414\\n60,006\\n3,700\\n\\nCash and cash equivalents\\n\\n165,120\\n\\n—\\n\\n—\\n\\n165,120\\n\\nShort-term investments:\\nAuction rate notes\\nCorporate bonds\\nU.S. agency issues\\nAsset-backed securities\\nMunicipal bonds\\n\\n301,432\\n21,047\\n71,817\\n23,113\\n5,023\\n\\n—\\n13\\n76\\n74\\n—\\n\\n—\\n(24)\\n(4)\\n(38)\\n—\\n\\n301,432\\n21,036\\n71,889\\n23,149\\n5,023\\n\\nShort-term investments\\n\\n422,432\\n\\n163\\n\\n(66)\\n\\n422,529\\n\\nCash, cash equivalents and short-term investments\\n\\n$587,552\\n\\n$ 163\\n\\n$ (66)\\n\\n$ 587,649\\n\\nAuction rate securities are securities that are structured with short-term reset dates of generally less than 90 days but with maturities in excess of 90 days. At the end of\\nthe reset period, investors can sell or continue to hold the securities at par. These securities are classified in the table below based on their legal stated maturity dates.\\n\\nThe following table summarizes the maturities of our investments in debt securities as of March 31, 2005 (amounts in thousands):\\n\\nAmortized\\nCost\\n\\nFair\\nValue\\n\\nDue in one year or less\\nDue after one year through two years\\nDue after two years through three years\\nDue in three years or more\\n\\n$169,738\\n203,741\\n75,256\\n23,275\\n\\n$ 169,028\\n201,530\\n74,762\\n23,048\\n\\nAsset-backed securities\\n\\n472,010\\n83,517\\n\\n468,368\\n83,044\\n\\nTotal\\n\\n$555,527\\n\\n$ 551,412\\n\\npage 68\",\"name\":\"fintabnet.ATVI_2005_page_69__150dpi_heavy\",\"page_id\":\"fintabnet.ATVI_2005_page_69\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.471,\"source\":\"fintabnet\",\"source_id\":\"ATVI_2005_page_69\",\"stack\":[{\"deg\":-2.471,\"op\":\"skew\"},{\"amp\":0.27,\"angle\":34.0,\"blob\":0.483,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":6.402,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.129},{\"op\":\"jpeg\",\"q\":31}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[73.4,170.1,1174.1,593.3],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31],\"cells\":null},{\"bbox\":[59.7,649.9,1155.5,910.8],\"block_orders\":[34,35,36,37,38,39,40,41,42,43,44],\"cells\":null}],\"text\":\"Activision, Inc. — 2005 Annual Report\\n\\nNotes to Consolidated Financial Statements\\n\\nThe following table summarizes our cash, cash equivalents and short-term investments as of March 31, 2004 (amounts in thousands):\\n\\nAmortized\\nCost\\n\\nGross\\nUnrealized\\nGains\\n\\nGross\\nUnrealized\\nLosses\\n\\nFair\\nValue\\n\\nCash and cash equivalents:\\nCash and time deposits\\nMoney market funds\\nCommercial paper\\n\\n$101,414\\n60,006\\n3,700\\n\\n$ —\\n—\\n—\\n\\n$ —\\n—\\n—\\n\\n$ 101,414\\n60,006\\n3,700\\n\\nCash and cash equivalents\\n\\n165,120\\n\\n—\\n\\n—\\n\\n165,120\\n\\nShort-term investments:\\nAuction rate notes\\nCorporate bonds\\nU.S. agency issues\\nAsset-backed securities\\nMunicipal bonds\\n\\n301,432\\n21,047\\n71,817\\n23,113\\n5,023\\n\\n—\\n13\\n76\\n74\\n—\\n\\n—\\n(24)\\n(4)\\n(38)\\n—\\n\\n301,432\\n21,036\\n71,889\\n23,149\\n5,023\\n\\nShort-term investments\\n\\n422,432\\n\\n163\\n\\n(66)\\n\\n422,529\\n\\nCash, cash equivalents and short-term investments\\n\\n$587,552\\n\\n$ 163\\n\\n$ (66)\\n\\n$ 587,649\\n\\nAuction rate securities are securities that are structured with short-term reset dates of generally less than 90 days but with maturities in excess of 90 days. At the end of\\nthe reset period, investors can sell or continue to hold the securities at par. These securities are classified in the table below based on their legal stated maturity dates.\\n\\nThe following table summarizes the maturities of our investments in debt securities as of March 31, 2005 (amounts in thousands):\\n\\nAmortized\\nCost\\n\\nFair\\nValue\\n\\nDue in one year or less\\nDue after one year through two years\\nDue after two years through three years\\nDue in three years or more\\n\\n$169,738\\n203,741\\n75,256\\n23,275\\n\\n$ 169,028\\n201,530\\n74,762\\n23,048\\n\\nAsset-backed securities\\n\\n472,010\\n83,517\\n\\n468,368\\n83,044\\n\\nTotal\\n\\n$555,527\\n\\n$ 551,412\\n\\npage 68\"},\"name\":\"fintabnet.ATVI_2005_page_69__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":160595,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:ATVI_2005\",\"dpi\":150,\"gt_sha256\":\"80566ee0d9f8e869e0fbbd30bd599f07a6117acf67211cc061ff7972433ca31e\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ATVI_2005_page_69__150dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.ATVI_2005_page_69\",\"pdf_sha256\":\"3a06cccf626c3c2695c2d232afeca263c433bff14dd867a8cf39ef7c0f942595\",\"px\":[1500,1050],\"scan\":{\"render\":\"000100030077000f601f600f600f600f701f7fff403ff03f707f0fff01ff07ff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"ATVI_2005_page_69\",\"src\":{\"file_sha256\":\"e4752943a4a40ff7053e33d48046aff89e5fd4266b9c2d5b6d2e565c225906f1\",\"render\":\"000070007fe0006060907ff8600060f87ff87ffe0020f03860387ff800000000\",\"text\":\"3af12c137f4354773be0d7ee9b20341d956b8c4c266909344d4a931899078f08\"},\"stack\":[{\"deg\":-2.471,\"op\":\"skew\"},{\"amp\":0.27,\"angle\":34.0,\"blob\":0.483,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":6.402,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.129},{\"op\":\"jpeg\",\"q\":31}],\"tools\":\"21647cade0ee\"},\"sha256\":\"3a06cccf626c3c2695c2d232afeca263c433bff14dd867a8cf39ef7c0f942595\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/3a06cccf626c3c2695c2d232afeca263c433bff14dd867a8cf39ef7c0f942595.pdf","asset_sha256":"3a06cccf626c3c2695c2d232afeca263c433bff14dd867a8cf39ef7c0f942595","document_id":"fintabnet:ATVI_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ATVI_2005_page_69\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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On May 15, 2013, we made an aggregate\"},{\"bbox\":[332.3,577.6,1944.6,665.3],\"text\":\"cash dividend payment of $212 million to such shareholders, and on May 31, 2013, we made related dividend equivalent\"},{\"bbox\":[330.9,621.6,1171.7,684.9],\"text\":\"payments of $4 million to the holders of restricted stock rights.\"}],\"order\":2,\"text\":\"On February 7, 2013, our Board of Directors declared a cash dividend of $0.19 per common share, payable on\\nMay 15, 2013, to shareholders of record at the close of business on March 20, 2013. On May 15, 2013, we made an aggregate\\ncash dividend payment of $212 million to such shareholders, and on May 31, 2013, we made related dividend equivalent\\npayments of $4 million to the holders of restricted stock rights.\"},{\"bbox\":[323.8,715.8,2006.4,937.8],\"lines\":[{\"bbox\":[477.9,720.6,1947.9,803.8],\"text\":\"On February 9, 2012, our Board of Directors declared a cash dividend of $0.18 per common share, payable on\"},{\"bbox\":[326.6,759.8,2005.0,849.6],\"text\":\"May 16, 2012, to shareholders of record at the close of business on March 21, 2012. On May 16, 2012, we made an aggregate\"},{\"bbox\":[325.2,803.8,1920.6,890.9],\"text\":\"cash dividend payment of $201 million to such shareholders, and on June 1, 2012, we made related dividend equivalent\"},{\"bbox\":[323.8,848.0,1153.6,911.0],\"text\":\"payments of $3 million to the holders of restricted stock units.\"}],\"order\":3,\"text\":\"On February 9, 2012, our Board of Directors declared a cash dividend of $0.18 per common share, payable on\\nMay 16, 2012, to shareholders of record at the close of business on March 21, 2012. On May 16, 2012, we made an aggregate\\ncash dividend payment of $201 million to such shareholders, and on June 1, 2012, we made related dividend equivalent\\npayments of $3 million to the holders of restricted stock units.\"},{\"bbox\":[316.6,941.9,1999.3,1163.9],\"lines\":[{\"bbox\":[470.7,946.7,1957.3,1030.4],\"text\":\"On February 9, 2011, our Board of Directors declared a cash dividend of $0.165 per common share, payable on\"},{\"bbox\":[319.4,985.9,1997.9,1075.7],\"text\":\"May 11, 2011, to shareholders of record at the close of business on March 16, 2011. On May 11, 2011, we made an aggregate\"},{\"bbox\":[318.0,1029.9,1965.6,1118.7],\"text\":\"cash dividend payment of $192 million to such shareholders, and on August 12, 2011, we made related dividend equivalent\"},{\"bbox\":[316.6,1074.1,1146.4,1137.1],\"text\":\"payments of $2 million to the holders of restricted stock units.\"}],\"order\":4,\"text\":\"On February 9, 2011, our Board of Directors declared a cash dividend of $0.165 per common share, payable on\\nMay 11, 2011, to shareholders of record at the close of business on March 16, 2011. On May 11, 2011, we made an aggregate\\ncash dividend payment of $192 million to such shareholders, and on August 12, 2011, we made related dividend equivalent\\npayments of $2 million to the holders of restricted stock units.\"},{\"bbox\":[313.6,1168.8,901.9,1224.2],\"lines\":[{\"bbox\":[313.6,1168.8,901.9,1224.2],\"text\":\"21. Supplemental Cash Flow Information\"}],\"order\":5,\"text\":\"21. Supplemental Cash Flow Information\"},{\"bbox\":[460.6,1266.8,1426.5,1334.1],\"lines\":[{\"bbox\":[460.6,1266.8,1426.5,1334.1],\"text\":\"Supplemental cash flow information is as follows (amounts in millions):\"}],\"order\":6,\"text\":\"Supplemental cash flow information is as follows (amounts in millions):\"},{\"bbox\":[1539.1,1395.6,1763.8,1463.2],\"lines\":[{\"bbox\":[1540.1,1395.6,1763.8,1430.3],\"text\":\"For the Years Ended\"},{\"bbox\":[1577.8,1429.8,1724.2,1462.0],\"text\":\"December 31,\"}],\"order\":7,\"text\":\"For the Years Ended\\nDecember 31,\"},{\"bbox\":[1464.4,1464.7,1515.2,1493.9],\"lines\":[{\"bbox\":[1464.4,1464.7,1515.2,1493.9],\"text\":\"2013\"}],\"order\":8,\"text\":\"2013\"},{\"bbox\":[457.0,1467.9,1441.1,1623.6],\"lines\":[{\"bbox\":[459.7,1467.9,955.9,1520.3],\"text\":\"Supplemental cash flow information:\"},{\"bbox\":[500.1,1513.2,1439.7,1579.6],\"text\":\"Cash paid for income taxes ................................................................. $\"},{\"bbox\":[498.7,1557.1,1404.6,1622.5],\"text\":\"Cash paid for interest ...........................................................................\"}],\"order\":9,\"text\":\"Supplemental cash flow information:\\nCash paid for income taxes ................................................................. $\\nCash paid for interest ...........................................................................\"},{\"bbox\":[1500.3,1544.8,1599.9,1628.6],\"lines\":[{\"bbox\":[1501.7,1544.8,1599.9,1584.7],\"text\":\"138 $\"},{\"bbox\":[1516.8,1589.3,1551.3,1627.1],\"text\":\"19\"}],\"order\":10,\"text\":\"138 $\\n19\"},{\"bbox\":[1624.5,1469.8,1675.4,1499.0],\"lines\":[{\"bbox\":[1624.5,1469.8,1675.4,1499.0],\"text\":\"2012\"}],\"order\":11,\"text\":\"2012\"},{\"bbox\":[1660.4,1549.9,1759.8,1633.7],\"lines\":[{\"bbox\":[1661.8,1549.9,1759.8,1589.7],\"text\":\"159 $\"},{\"bbox\":[1693.5,1594.9,1711.2,1632.2],\"text\":\"2\"}],\"order\":12,\"text\":\"159 $\\n2\"},{\"bbox\":[1784.5,1474.8,1835.3,1504.1],\"lines\":[{\"bbox\":[1784.5,1474.8,1835.3,1504.1],\"text\":\"2011\"}],\"order\":13,\"text\":\"2011\"},{\"bbox\":[1820.3,1554.9,1873.0,1637.3],\"lines\":[{\"bbox\":[1821.7,1554.9,1873.0,1593.3],\"text\":\"317\"},{\"bbox\":[1853.4,1599.9,1871.2,1637.3],\"text\":\"4\"}],\"order\":14,\"text\":\"317\\n4\"},{\"bbox\":[297.2,1689.8,820.1,1743.1],\"lines\":[{\"bbox\":[297.2,1689.8,820.1,1743.1],\"text\":\"22. Commitments and Contingencies\"}],\"order\":15,\"text\":\"22. Commitments and Contingencies\"},{\"bbox\":[294.2,1783.0,515.5,1826.8],\"lines\":[{\"bbox\":[294.2,1783.0,515.5,1826.8],\"text\":\"Letters of Credit\"}],\"order\":16,\"text\":\"Letters of Credit\"},{\"bbox\":[289.0,1860.5,1994.7,2039.3],\"lines\":[{\"bbox\":[441.7,1865.2,1994.7,1951.1],\"text\":\"As described in Note 12 of the Notes to Consolidated Financial Statements, a portion of our Revolver can be used to\"},{\"bbox\":[290.4,1904.5,1963.4,1994.1],\"text\":\"issue letters of credit of up to $50 million, subject to the availability of the Revolver. At December 31, 2013, we did not issue\"},{\"bbox\":[289.0,1948.7,807.2,2001.8],\"text\":\"any letter of credit under the Revolver.\"}],\"order\":17,\"text\":\"As described in Note 12 of the Notes to Consolidated Financial Statements, a portion of our Revolver can be used to\\nissue letters of credit of up to $50 million, subject to the availability of the Revolver. At December 31, 2013, we did not issue\\nany letter of credit under the Revolver.\"},{\"bbox\":[277.6,2042.7,2007.7,2398.1],\"lines\":[{\"bbox\":[435.9,2047.4,1973.0,2132.7],\"text\":\"We maintain two irrevocable standby letters of credit, which are required by one of our inventory manufacturers so\"},{\"bbox\":[284.6,2086.6,1991.8,2177.3],\"text\":\"that we can qualify for certain payment terms on our inventory purchases. Our standby letters of credit were for $10 million and\"},{\"bbox\":[283.2,2130.9,1974.3,2221.0],\"text\":\"15 million Euros ($21 million) at December 31, 2013, and $15 million and 5 million Euros ($7 million) at December 31, 2012.\"},{\"bbox\":[281.8,2174.8,1971.1,2265.0],\"text\":\"For the standby letter of credit denominated in U.S. dollars, under the terms of the arrangements, we are required to maintain a\"},{\"bbox\":[280.4,2218.8,2002.1,2309.9],\"text\":\"compensating balance on deposit with a bank, restricted as to use, of not less than the sum of the available amount of the letter of\"},{\"bbox\":[279.1,2263.0,1847.5,2349.3],\"text\":\"credit plus the aggregate amount of any drawings under the letter of credit that have been honored thereunder, but not\"},{\"bbox\":[277.7,2307.0,1360.7,2378.0],\"text\":\"reimbursed. Both letters of credit were undrawn at December 31, 2013 and 2012.\"}],\"order\":18,\"text\":\"We maintain two irrevocable standby letters of credit, which are required by one of our inventory manufacturers so\\nthat we can qualify for certain payment terms on our inventory purchases. Our standby letters of credit were for $10 million and\\n15 million Euros ($21 million) at December 31, 2013, and $15 million and 5 million Euros ($7 million) at December 31, 2012.\\nFor the standby letter of credit denominated in U.S. dollars, under the terms of the arrangements, we are required to maintain a\\ncompensating balance on deposit with a bank, restricted as to use, of not less than the sum of the available amount of the letter of\\ncredit plus the aggregate amount of any drawings under the letter of credit that have been honored thereunder, but not\\nreimbursed. Both letters of credit were undrawn at December 31, 2013 and 2012.\"},{\"bbox\":[274.7,2400.9,459.0,2443.5],\"lines\":[{\"bbox\":[274.7,2400.9,459.0,2443.5],\"text\":\"Commitments\"}],\"order\":19,\"text\":\"Commitments\"},{\"bbox\":[258.2,2478.4,1985.6,3009.8],\"lines\":[{\"bbox\":[422.2,2483.1,1883.5,2566.1],\"text\":\"In the normal course of business, we enter into contractual arrangements with third parties for non-cancelable\"},{\"bbox\":[270.8,2522.4,1924.4,2611.4],\"text\":\"operating lease agreements for our offices, for the development of products and for the rights to intellectual property. Under\"},{\"bbox\":[269.4,2566.6,1931.2,2655.9],\"text\":\"these agreements, we commit to provide specified payments to a lessor, developer or intellectual property holder, as the case\"},{\"bbox\":[268.0,2610.6,1890.7,2698.6],\"text\":\"may be, based upon contractual arrangements. The payments to third-party developers are generally conditioned upon the\"},{\"bbox\":[266.7,2654.5,1878.4,2742.2],\"text\":\"achievement by the developers of contractually specified development milestones. Further, these payments to third-party\"},{\"bbox\":[265.3,2698.8,1914.0,2787.6],\"text\":\"developers and intellectual property holders typically are deemed to be advances and, as such, are recoupable against future\"},{\"bbox\":[263.9,2742.7,1960.0,2833.1],\"text\":\"royalties earned by the developer or intellectual property holder based on sales of the related game. Additionally, in connection\"},{\"bbox\":[262.4,2786.7,1939.3,2876.5],\"text\":\"with certain intellectual property rights, acquisitions and development agreements, we commit to spend specified amounts for\"},{\"bbox\":[261.1,2830.7,1974.5,2921.6],\"text\":\"marketing support for the game(s) which is (are) to be developed or in which the intellectual property will be utilized. Assuming\"},{\"bbox\":[259.6,2874.9,1959.3,2965.4],\"text\":\"all contractual provisions are met, the total future minimum commitments for these and other contractual arrangements in place\"},{\"bbox\":[258.2,2918.9,1331.8,2989.6],\"text\":\"at December 31, 2013 are scheduled to be paid as follows (amounts in millions):\"}],\"order\":20,\"text\":\"In the normal course of business, we enter into contractual arrangements with third parties for non-cancelable\\noperating lease agreements for our offices, for the development of products and for the rights to intellectual property. Under\\nthese agreements, we commit to provide specified payments to a lessor, developer or intellectual property holder, as the case\\nmay be, based upon contractual arrangements. The payments to third-party developers are generally conditioned upon the\\nachievement by the developers of contractually specified development milestones. Further, these payments to third-party\\ndevelopers and intellectual property holders typically are deemed to be advances and, as such, are recoupable against future\\nroyalties earned by the developer or intellectual property holder based on sales of the related game. Additionally, in connection\\nwith certain intellectual property rights, acquisitions and development agreements, we commit to spend specified amounts for\\nmarketing support for the game(s) which is (are) to be developed or in which the intellectual property will be utilized. Assuming\\nall contractual provisions are met, the total future minimum commitments for these and other contractual arrangements in place\\nat December 31, 2013 are scheduled to be paid as follows (amounts in millions):\"},{\"bbox\":[1098.4,3111.1,1132.9,3149.0],\"lines\":[{\"bbox\":[1098.4,3111.1,1132.9,3149.0],\"text\":\"67\"}],\"order\":21,\"text\":\"67\"}],\"doc\":\"fintabnet:ATVI_2013\",\"dpi\":300,\"image_px\":[2325,3300],\"layout\":[],\"markdown\":\"Dividend\\n\\nOn February 6, 2014, our Board of Directors declared a cash dividend of $0.20 per common share, payable on\\nMay 14, 2014, to shareholders of record at the close of business on March 19, 2014.\\n\\nOn February 7, 2013, our Board of Directors declared a cash dividend of $0.19 per common share, payable on\\nMay 15, 2013, to shareholders of record at the close of business on March 20, 2013. On May 15, 2013, we made an aggregate\\ncash dividend payment of $212 million to such shareholders, and on May 31, 2013, we made related dividend equivalent\\npayments of $4 million to the holders of restricted stock rights.\\n\\nOn February 9, 2012, our Board of Directors declared a cash dividend of $0.18 per common share, payable on\\nMay 16, 2012, to shareholders of record at the close of business on March 21, 2012. On May 16, 2012, we made an aggregate\\ncash dividend payment of $201 million to such shareholders, and on June 1, 2012, we made related dividend equivalent\\npayments of $3 million to the holders of restricted stock units.\\n\\nOn February 9, 2011, our Board of Directors declared a cash dividend of $0.165 per common share, payable on\\nMay 11, 2011, to shareholders of record at the close of business on March 16, 2011. On May 11, 2011, we made an aggregate\\ncash dividend payment of $192 million to such shareholders, and on August 12, 2011, we made related dividend equivalent\\npayments of $2 million to the holders of restricted stock units.\\n\\n21. Supplemental Cash Flow Information\\n\\nSupplemental cash flow information is as follows (amounts in millions):\\n\\n|  |  For the Years Ended December 31, |  |  |\\n| --- | --- | --- | --- |\\n|  |  2013 |  2012 |  2011 |\\n| Supplemental cash flow information: |  |  |  |\\n| Cash paid for income taxes | $138 | $159 | $317 |\\n| Cash paid for interest | 19 | 2 | 4 |\\n\\n22. Commitments and Contingencies\\n\\nLetters of Credit\\n\\nAs described in Note 12 of the Notes to Consolidated Financial Statements, a portion of our Revolver can be used to\\nissue letters of credit of up to $50 million, subject to the availability of the Revolver. At December 31, 2013, we did not issue\\nany letter of credit under the Revolver.\\n\\nWe maintain two irrevocable standby letters of credit, which are required by one of our inventory manufacturers so\\nthat we can qualify for certain payment terms on our inventory purchases. Our standby letters of credit were for $10 million and\\n15 million Euros ($21 million) at December 31, 2013, and $15 million and 5 million Euros ($7 million) at December 31, 2012.\\nFor the standby letter of credit denominated in U.S. dollars, under the terms of the arrangements, we are required to maintain a\\ncompensating balance on deposit with a bank, restricted as to use, of not less than the sum of the available amount of the letter of\\ncredit plus the aggregate amount of any drawings under the letter of credit that have been honored thereunder, but not\\nreimbursed. Both letters of credit were undrawn at December 31, 2013 and 2012.\\n\\nCommitments\\n\\nIn the normal course of business, we enter into contractual arrangements with third parties for non-cancelable\\noperating lease agreements for our offices, for the development of products and for the rights to intellectual property. Under\\nthese agreements, we commit to provide specified payments to a lessor, developer or intellectual property holder, as the case\\nmay be, based upon contractual arrangements. The payments to third-party developers are generally conditioned upon the\\nachievement by the developers of contractually specified development milestones. Further, these payments to third-party\\ndevelopers and intellectual property holders typically are deemed to be advances and, as such, are recoupable against future\\nroyalties earned by the developer or intellectual property holder based on sales of the related game. Additionally, in connection\\nwith certain intellectual property rights, acquisitions and development agreements, we commit to spend specified amounts for\\nmarketing support for the game(s) which is (are) to be developed or in which the intellectual property will be utilized. Assuming\\nall contractual provisions are met, the total future minimum commitments for these and other contractual arrangements in place\\nat December 31, 2013 are scheduled to be paid as follows (amounts in millions):\\n\\n67\",\"name\":\"fintabnet.ATVI_2013_page_86__300dpi_medium\",\"page_id\":\"fintabnet.ATVI_2013_page_86\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.81,\"source\":\"fintabnet\",\"source_id\":\"ATVI_2013_page_86\",\"stack\":[{\"deg\":-1.81,\"op\":\"skew\"},{\"amp\":0.174,\"angle\":96.4,\"blob\":0.427,\"op\":\"illumination\"},{\"gain\":0.663,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":50}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[457.0,1355.9,1886.1,1637.5],\"block_orders\":[7,8,9,10,11,12,13,14],\"cells\":[{\"bbox\":[1539.0,1398.2,1763.7,1464.2],\"c0\":1,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\" For the Years Ended December 31,\"},{\"bbox\":[1464.4,1467.3,1515.1,1494.0],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\" 2013\"},{\"bbox\":[1624.5,1472.4,1675.3,1499.0],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\" 2012\"},{\"bbox\":[1784.4,1474.1,1842.7,1505.2],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\" 2011\"},{\"bbox\":[459.7,1471.4,964.2,1520.6],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Supplemental cash flow information:\"},{\"bbox\":[500.1,1516.7,1406.1,1578.6],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Cash paid for income taxes\"},{\"bbox\":[1422.0,1545.8,1552.8,1583.2],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"$138\"},{\"bbox\":[1582.1,1550.9,1721.1,1588.5],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"$159\"},{\"bbox\":[1742.0,1556.0,1881.1,1593.6],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"$317\"},{\"bbox\":[498.7,1560.6,1404.5,1622.5],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Cash paid for interest\"},{\"bbox\":[1516.8,1592.8,1551.2,1627.1],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"19\"},{\"bbox\":[1693.4,1598.4,1719.6,1632.5],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"2\"},{\"bbox\":[1853.4,1603.5,1879.5,1637.5],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"4\"}]}],\"text\":\"Dividend\\n\\nOn February 6, 2014, our Board of Directors declared a cash dividend of $0.20 per common share, payable on\\nMay 14, 2014, to shareholders of record at the close of business on March 19, 2014.\\n\\nOn February 7, 2013, our Board of Directors declared a cash dividend of $0.19 per common share, payable on\\nMay 15, 2013, to shareholders of record at the close of business on March 20, 2013. On May 15, 2013, we made an aggregate\\ncash dividend payment of $212 million to such shareholders, and on May 31, 2013, we made related dividend equivalent\\npayments of $4 million to the holders of restricted stock rights.\\n\\nOn February 9, 2012, our Board of Directors declared a cash dividend of $0.18 per common share, payable on\\nMay 16, 2012, to shareholders of record at the close of business on March 21, 2012. On May 16, 2012, we made an aggregate\\ncash dividend payment of $201 million to such shareholders, and on June 1, 2012, we made related dividend equivalent\\npayments of $3 million to the holders of restricted stock units.\\n\\nOn February 9, 2011, our Board of Directors declared a cash dividend of $0.165 per common share, payable on\\nMay 11, 2011, to shareholders of record at the close of business on March 16, 2011. On May 11, 2011, we made an aggregate\\ncash dividend payment of $192 million to such shareholders, and on August 12, 2011, we made related dividend equivalent\\npayments of $2 million to the holders of restricted stock units.\\n\\n21. Supplemental Cash Flow Information\\n\\nSupplemental cash flow information is as follows (amounts in millions):\\n\\nFor the Years Ended\\nDecember 31,\\n\\n2013\\n\\nSupplemental cash flow information:\\nCash paid for income taxes ................................................................. $\\nCash paid for interest ...........................................................................\\n\\n138 $\\n19\\n\\n2012\\n\\n159 $\\n2\\n\\n2011\\n\\n317\\n4\\n\\n22. Commitments and Contingencies\\n\\nLetters of Credit\\n\\nAs described in Note 12 of the Notes to Consolidated Financial Statements, a portion of our Revolver can be used to\\nissue letters of credit of up to $50 million, subject to the availability of the Revolver. At December 31, 2013, we did not issue\\nany letter of credit under the Revolver.\\n\\nWe maintain two irrevocable standby letters of credit, which are required by one of our inventory manufacturers so\\nthat we can qualify for certain payment terms on our inventory purchases. Our standby letters of credit were for $10 million and\\n15 million Euros ($21 million) at December 31, 2013, and $15 million and 5 million Euros ($7 million) at December 31, 2012.\\nFor the standby letter of credit denominated in U.S. dollars, under the terms of the arrangements, we are required to maintain a\\ncompensating balance on deposit with a bank, restricted as to use, of not less than the sum of the available amount of the letter of\\ncredit plus the aggregate amount of any drawings under the letter of credit that have been honored thereunder, but not\\nreimbursed. Both letters of credit were undrawn at December 31, 2013 and 2012.\\n\\nCommitments\\n\\nIn the normal course of business, we enter into contractual arrangements with third parties for non-cancelable\\noperating lease agreements for our offices, for the development of products and for the rights to intellectual property. Under\\nthese agreements, we commit to provide specified payments to a lessor, developer or intellectual property holder, as the case\\nmay be, based upon contractual arrangements. The payments to third-party developers are generally conditioned upon the\\nachievement by the developers of contractually specified development milestones. Further, these payments to third-party\\ndevelopers and intellectual property holders typically are deemed to be advances and, as such, are recoupable against future\\nroyalties earned by the developer or intellectual property holder based on sales of the related game. Additionally, in connection\\nwith certain intellectual property rights, acquisitions and development agreements, we commit to spend specified amounts for\\nmarketing support for the game(s) which is (are) to be developed or in which the intellectual property will be utilized. Assuming\\nall contractual provisions are met, the total future minimum commitments for these and other contractual arrangements in place\\nat December 31, 2013 are scheduled to be paid as follows (amounts in millions):\\n\\n67\"},\"name\":\"fintabnet.ATVI_2013_page_86__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":401498,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:ATVI_2013\",\"dpi\":300,\"gt_sha256\":\"d46c926dd555cae6e13e893163523d9652ce8c5547cc081360ff516348f67a3e\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ATVI_2013_page_86__300dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.ATVI_2013_page_86\",\"pdf_sha256\":\"b1d6ab16dea08d866f33f2f099a784fc30e474ce459f761e15fc1400ad8086a7\",\"px\":[2325,3300],\"scan\":{\"render\":\"000000001fc81f801f183c0000000810200038183ffc3afcfffcfffcffffffff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"ATVI_2013_page_86\",\"src\":{\"file_sha256\":\"090a84458acde92abf69fbea26b54344551c54dd0dedbe9ccc13f6b3f9acc830\",\"render\":\"000000003ff83ff83ff83f0000101c3830003ff83ffc3fc03ff83ffc3f800000\",\"text\":\"0fd82cc829559430a0c9a9477f6de03171775b209fb75c88eb992ef60ff19700\"},\"stack\":[{\"deg\":-1.81,\"op\":\"skew\"},{\"amp\":0.174,\"angle\":96.4,\"blob\":0.427,\"op\":\"illumination\"},{\"gain\":0.663,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":50}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b1d6ab16dea08d866f33f2f099a784fc30e474ce459f761e15fc1400ad8086a7\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b1d6ab16dea08d866f33f2f099a784fc30e474ce459f761e15fc1400ad8086a7.pdf","asset_sha256":"b1d6ab16dea08d866f33f2f099a784fc30e474ce459f761e15fc1400ad8086a7","document_id":"fintabnet:ATVI_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ATVI_2013_page_86\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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The fair value of identifiable\"},{\"bbox\":[69.2,94.3,522.1,117.2],\"text\":\"assets acquired and liabilities assumed was $56 million and $7 million, respectively, and principally included the\"},{\"bbox\":[69.5,106.6,513.2,129.2],\"text\":\"acquisition of nonutility property of $25 million, accounts receivable and unbilled revenues of $18 million and\"},{\"bbox\":[69.9,118.5,517.5,141.2],\"text\":\"intangible assets of $12 million. The purchase price allocation, which is based on the estimated fair value of net\"},{\"bbox\":[70.3,131.4,488.9,153.2],\"text\":\"assets acquired, resulted in the Company recording redeemable noncontrolling interest of $7 million and\"},{\"bbox\":[70.6,143.8,474.4,165.2],\"text\":\"additional goodwill of $91 million. This goodwill is expected to be fully deductible for tax purposes.\"}],\"order\":0,\"text\":\"During 2015, the Company also closed on the Keystone acquisition, which is included as part of the Market-\\nBased Businesses, for a total purchase price of $133 million, net of cash received. The fair value of identifiable\\nassets acquired and liabilities assumed was $56 million and $7 million, respectively, and principally included the\\nacquisition of nonutility property of $25 million, accounts receivable and unbilled revenues of $18 million and\\nintangible assets of $12 million. The purchase price allocation, which is based on the estimated fair value of net\\nassets acquired, resulted in the Company recording redeemable noncontrolling interest of $7 million and\\nadditional goodwill of $91 million. This goodwill is expected to be fully deductible for tax purposes.\"},{\"bbox\":[71.4,167.2,524.8,202.1],\"lines\":[{\"bbox\":[91.4,167.2,524.4,189.5],\"text\":\"The pro forma impact of our acquisitions was not material to our Consolidated Statements of Operations for\"},{\"bbox\":[71.8,187.3,257.3,202.1],\"text\":\"the years ended December 31, 2017 and 2016.\"}],\"order\":1,\"text\":\"The pro forma impact of our acquisitions was not material to our Consolidated Statements of Operations for\\nthe years ended December 31, 2017 and 2016.\"},{\"bbox\":[72.7,219.3,241.3,233.4],\"lines\":[{\"bbox\":[72.7,219.3,241.3,233.4],\"text\":\"Note 4: Property, Plant and Equipment\"}],\"order\":2,\"text\":\"Note 4: Property, Plant and Equipment\"},{\"bbox\":[73.3,229.9,499.4,264.0],\"lines\":[{\"bbox\":[93.3,229.9,499.0,251.4],\"text\":\"The following table summarizes the major classes of property, plant and equipment by category as of\"},{\"bbox\":[73.6,253.1,130.3,264.0],\"text\":\"December 31:\"}],\"order\":3,\"text\":\"The following table summarizes the major classes of property, plant and equipment by category as of\\nDecember 31:\"},{\"bbox\":[319.6,285.2,335.8,293.0],\"lines\":[{\"bbox\":[319.6,285.2,335.8,293.0],\"text\":\"2017\"}],\"order\":4,\"text\":\"2017\"},{\"bbox\":[362.1,284.0,378.3,291.7],\"lines\":[{\"bbox\":[362.1,284.0,378.3,291.7],\"text\":\"2016\"}],\"order\":5,\"text\":\"2016\"},{\"bbox\":[75.2,298.3,390.3,424.8],\"lines\":[{\"bbox\":[75.2,306.2,127.0,316.9],\"text\":\"Utility plant:\"},{\"bbox\":[95.6,310.3,387.4,328.3],\"text\":\"Land and other non-depreciable assets . . . . . . . . . . $ 151 $ 147\"},{\"bbox\":[95.9,324.9,302.8,340.3],\"text\":\"Sources of supply . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[330.0,323.6,345.3,333.2],\"text\":\"798\"},{\"bbox\":[372.5,322.3,387.8,331.9],\"text\":\"734\"},{\"bbox\":[96.3,336.9,303.1,352.3],\"text\":\"Treatment and pumping facilities . . . . . . . . . . . . . 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.\"},{\"bbox\":[331.8,383.6,347.1,393.2],\"text\":\"557\"},{\"bbox\":[374.3,382.3,389.6,391.9],\"text\":\"457\"},{\"bbox\":[98.1,396.8,305.0,412.2],\"text\":\"Waste collection . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[332.2,395.5,347.5,405.2],\"text\":\"904\"},{\"bbox\":[374.7,394.3,389.9,403.9],\"text\":\"637\"},{\"bbox\":[98.5,408.8,305.3,424.2],\"text\":\"Construction work in progress . . . . . . . . . . . . . . . . .\"},{\"bbox\":[332.5,407.5,347.8,417.2],\"text\":\"585\"},{\"bbox\":[375.0,406.3,390.3,415.9],\"text\":\"419\"}],\"order\":6,\"text\":\"Utility plant:\\nLand and other non-depreciable assets . . . . . . . . . . $ 151 $ 147\\nSources of supply . . . . . . . . . . . . . . . . . . . . . . . . . .\\n798\\n734\\nTreatment and pumping facilities . . . . . . . . . . . . . .\\n3,356\\n3,218\\nTransmission and distribution facilities . . . . . . . . .\\n9,583\\n9,043\\nServices, meters and fire hydrants . . . . . . . . . . . . . .\\n3,754\\n3,504\\nGeneral structures and equipment . . . . . . . . . . . . . .\\n1,458\\n1,343\\nWaste treatment, pumping and disposal . . . . . . . . .\\n557\\n457\\nWaste collection . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n904\\n637\\nConstruction work in progress . . . . . . . . . . . . . . . . .\\n585\\n419\"},{\"bbox\":[79.0,424.8,306.2,452.8],\"lines\":[{\"bbox\":[79.0,424.8,305.8,440.8],\"text\":\"Total utility plant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[79.3,436.8,306.2,452.8],\"text\":\"Nonutility property . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Total utility plant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNonutility property . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[320.5,423.5,348.7,445.5],\"lines\":[{\"bbox\":[320.5,423.5,348.3,433.5],\"text\":\"21,146\"},{\"bbox\":[333.4,435.5,348.7,445.1],\"text\":\"570\"}],\"order\":8,\"text\":\"21,146\\n570\"},{\"bbox\":[363.0,422.3,391.2,444.2],\"lines\":[{\"bbox\":[363.0,422.3,390.8,432.2],\"text\":\"19,502\"},{\"bbox\":[375.9,434.2,391.2,443.9],\"text\":\"452\"}],\"order\":9,\"text\":\"19,502\\n452\"},{\"bbox\":[79.8,452.8,306.6,468.8],\"lines\":[{\"bbox\":[79.8,452.8,306.6,468.8],\"text\":\"Total property, plant and equipment . . . . . . . . . . . . . . . .\"}],\"order\":10,\"text\":\"Total property, plant and equipment . . . . . . . . . . . . . . . .\"},{\"bbox\":[316.4,451.5,349.1,461.7],\"lines\":[{\"bbox\":[316.4,451.5,349.1,461.7],\"text\":\"$21,716\"}],\"order\":11,\"text\":\"$21,716\"},{\"bbox\":[358.8,450.2,391.6,460.4],\"lines\":[{\"bbox\":[358.8,450.2,391.6,460.4],\"text\":\"$19,954\"}],\"order\":12,\"text\":\"$19,954\"},{\"bbox\":[395.8,265.6,457.6,290.6],\"lines\":[{\"bbox\":[411.1,266.0,441.8,274.2],\"text\":\"Range of\"},{\"bbox\":[396.0,273.6,457.3,282.6],\"text\":\"Remaining Useful\"},{\"bbox\":[417.7,282.2,436.1,290.0],\"text\":\"Lives\"}],\"order\":13,\"text\":\"Range of\\nRemaining Useful\\nLives\"},{\"bbox\":[467.1,271.4,530.8,288.5],\"lines\":[{\"bbox\":[467.1,271.4,530.5,280.5],\"text\":\"Weighted Average\"},{\"bbox\":[480.2,279.7,517.9,288.1],\"text\":\"Useful Life\"}],\"order\":14,\"text\":\"Weighted Average\\nUseful Life\"},{\"bbox\":[398.7,320.2,459.7,403.1],\"lines\":[{\"bbox\":[398.7,320.2,457.5,331.1],\"text\":\"2 to 127 Years\"},{\"bbox\":[399.0,332.2,457.9,343.1],\"text\":\"3 to 101 Years\"},{\"bbox\":[399.4,344.2,458.2,355.1],\"text\":\"9 to 156 Years\"},{\"bbox\":[402.2,356.2,456.1,367.0],\"text\":\"5 to 90 Years\"},{\"bbox\":[400.1,368.2,459.0,379.1],\"text\":\"1 to 156 Years\"},{\"bbox\":[400.5,380.2,459.3,391.1],\"text\":\"3 to 106 Years\"},{\"bbox\":[403.4,392.2,457.2,403.0],\"text\":\"5 to 97 Years\"}],\"order\":15,\"text\":\"2 to 127 Years\\n3 to 101 Years\\n9 to 156 Years\\n5 to 90 Years\\n1 to 156 Years\\n3 to 106 Years\\n5 to 97 Years\"},{\"bbox\":[483.3,318.4,519.3,400.5],\"lines\":[{\"bbox\":[483.3,318.4,517.1,328.6],\"text\":\"45 years\"},{\"bbox\":[483.6,330.4,517.5,340.5],\"text\":\"37 years\"},{\"bbox\":[484.0,342.4,517.9,352.5],\"text\":\"72 years\"},{\"bbox\":[484.4,354.4,518.2,364.5],\"text\":\"30 years\"},{\"bbox\":[484.7,366.4,518.6,376.5],\"text\":\"16 years\"},{\"bbox\":[485.1,378.4,518.9,388.5],\"text\":\"37 years\"},{\"bbox\":[485.4,390.4,519.3,400.5],\"text\":\"55 years\"}],\"order\":16,\"text\":\"45 years\\n37 years\\n72 years\\n30 years\\n16 years\\n37 years\\n55 years\"},{\"bbox\":[405.7,432.2,457.3,443.0],\"lines\":[{\"bbox\":[405.7,432.2,457.3,443.0],\"text\":\"3 to 50 years\"}],\"order\":17,\"text\":\"3 to 50 years\"},{\"bbox\":[489.2,430.4,518.0,440.4],\"lines\":[{\"bbox\":[489.2,430.4,518.0,440.4],\"text\":\"6 years\"}],\"order\":18,\"text\":\"6 years\"},{\"bbox\":[80.8,477.4,518.5,547.7],\"lines\":[{\"bbox\":[100.7,478.2,491.2,499.2],\"text\":\"Property, plant and equipment depreciation expense amounted to $460 million, $435 million, and\"},{\"bbox\":[81.1,490.1,493.0,511.8],\"text\":\"$405 million for the years ended December 31, 2017, 2016 and 2015, respectively and was included in\"},{\"bbox\":[81.5,501.9,501.7,523.7],\"text\":\"depreciation and amortization expense in the accompanying Consolidated Statements of Operations. The\"},{\"bbox\":[81.8,513.4,518.2,535.7],\"text\":\"provision for depreciation expressed as a percentage of the aggregate average depreciable asset balances was\"},{\"bbox\":[82.2,528.3,423.6,547.7],\"text\":\"3.07%, 3.14% and 3.13% for years December 31, 2017, 2016 and 2015, respectively.\"}],\"order\":19,\"text\":\"Property, plant and equipment depreciation expense amounted to $460 million, $435 million, and\\n$405 million for the years ended December 31, 2017, 2016 and 2015, respectively and was included in\\ndepreciation and amortization expense in the accompanying Consolidated Statements of Operations. The\\nprovision for depreciation expressed as a percentage of the aggregate average depreciable asset balances was\\n3.07%, 3.14% and 3.13% for years December 31, 2017, 2016 and 2015, respectively.\"},{\"bbox\":[83.2,564.2,276.5,579.0],\"lines\":[{\"bbox\":[83.2,564.2,276.5,579.0],\"text\":\"Note 5: Allowance for Uncollectible Accounts\"}],\"order\":20,\"text\":\"Note 5: Allowance for Uncollectible Accounts\"},{\"bbox\":[83.7,574.7,538.7,609.6],\"lines\":[{\"bbox\":[103.7,574.7,538.4,597.0],\"text\":\"The following table summarizes the changes in the Company’s allowances for uncollectible accounts for the\"},{\"bbox\":[84.1,597.2,190.8,609.6],\"text\":\"years ended December 31:\"}],\"order\":21,\"text\":\"The following table summarizes the changes in the Company’s allowances for uncollectible accounts for the\\nyears ended December 31:\"},{\"bbox\":[408.4,612.5,424.6,620.2],\"lines\":[{\"bbox\":[408.4,612.5,424.6,620.2],\"text\":\"2017\"}],\"order\":22,\"text\":\"2017\"},{\"bbox\":[460.0,610.9,476.2,618.7],\"lines\":[{\"bbox\":[460.0,610.9,476.2,618.7],\"text\":\"2016\"}],\"order\":23,\"text\":\"2016\"},{\"bbox\":[511.7,609.4,527.9,617.1],\"lines\":[{\"bbox\":[511.7,609.4,527.9,617.1],\"text\":\"2015\"}],\"order\":24,\"text\":\"2015\"},{\"bbox\":[85.2,628.3,387.3,682.5],\"lines\":[{\"bbox\":[85.2,628.3,386.2,646.5],\"text\":\"Balance as of January 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[85.6,640.3,386.6,658.5],\"text\":\"Amounts charged to expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[85.9,652.3,387.0,670.5],\"text\":\"Amounts written off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[86.3,664.3,387.3,682.5],\"text\":\"Recoveries of amounts written off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":25,\"text\":\"Balance as of January 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAmounts charged to expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAmounts written off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRecoveries of amounts written off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[396.0,627.8,401.2,637.1],\"lines\":[{\"bbox\":[396.0,627.8,401.2,637.1],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[424.3,626.3,454.0,672.3],\"lines\":[{\"bbox\":[424.3,626.3,452.9,636.3],\"text\":\"(40) $\"},{\"bbox\":[424.7,638.6,441.6,648.3],\"text\":\"(29)\"},{\"bbox\":[428.4,650.7,438.6,660.2],\"text\":\"30\"},{\"bbox\":[430.4,662.6,442.3,672.1],\"text\":\"(3)\"}],\"order\":27,\"text\":\"(40) $\\n(29)\\n30\\n(3)\"},{\"bbox\":[476.0,624.7,505.7,670.7],\"lines\":[{\"bbox\":[476.0,624.7,504.6,634.7],\"text\":\"(39) $\"},{\"bbox\":[476.3,637.1,493.3,646.7],\"text\":\"(27)\"},{\"bbox\":[480.0,649.1,490.3,658.6],\"text\":\"29\"},{\"bbox\":[482.1,661.0,494.0,670.5],\"text\":\"(3)\"}],\"order\":28,\"text\":\"(39) $\\n(27)\\n29\\n(3)\"},{\"bbox\":[527.6,623.5,545.7,669.1],\"lines\":[{\"bbox\":[527.6,623.5,544.6,633.2],\"text\":\"(35)\"},{\"bbox\":[528.0,635.5,544.9,645.1],\"text\":\"(32)\"},{\"bbox\":[531.7,647.6,542.0,657.0],\"text\":\"31\"},{\"bbox\":[533.7,659.5,545.7,669.0],\"text\":\"(3)\"}],\"order\":29,\"text\":\"(35)\\n(32)\\n31\\n(3)\"},{\"bbox\":[86.8,680.3,387.8,698.5],\"lines\":[{\"bbox\":[86.8,680.3,387.8,698.5],\"text\":\"Balance as of December 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":30,\"text\":\"Balance as of December 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[397.5,679.8,402.8,689.1],\"lines\":[{\"bbox\":[397.5,679.8,402.8,689.1],\"text\":\"$\"}],\"order\":31,\"text\":\"$\"},{\"bbox\":[422.5,678.7,439.4,688.4],\"lines\":[{\"bbox\":[422.5,678.7,439.4,688.4],\"text\":\"(42)\"}],\"order\":32,\"text\":\"(42)\"},{\"bbox\":[474.2,677.1,491.1,686.8],\"lines\":[{\"bbox\":[474.2,677.1,491.1,686.8],\"text\":\"(40)\"}],\"order\":33,\"text\":\"(40)\"},{\"bbox\":[525.9,675.6,542.8,685.2],\"lines\":[{\"bbox\":[525.9,675.6,542.8,685.2],\"text\":\"(39)\"}],\"order\":34,\"text\":\"(39)\"},{\"bbox\":[308.1,712.6,323.4,722.2],\"lines\":[{\"bbox\":[308.1,712.6,323.4,722.2],\"text\":\"114\"}],\"order\":35,\"text\":\"114\"},{\"bbox\":[449.2,678.2,454.5,687.5],\"lines\":[{\"bbox\":[449.2,678.2,454.5,687.5],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[500.9,676.7,506.2,686.0],\"lines\":[{\"bbox\":[500.9,676.7,506.2,686.0],\"text\":\"$\"}],\"order\":37,\"text\":\"$\"}],\"doc\":\"fintabnet:AWK_2017\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"During 2015, the Company also closed on the Keystone acquisition, which is included as part of the Market-\\nBased Businesses, for a total purchase price of $133 million, net of cash received. The fair value of identifiable\\nassets acquired and liabilities assumed was $56 million and $7 million, respectively, and principally included the\\nacquisition of nonutility property of $25 million, accounts receivable and unbilled revenues of $18 million and\\nintangible assets of $12 million. The purchase price allocation, which is based on the estimated fair value of net\\nassets acquired, resulted in the Company recording redeemable noncontrolling interest of $7 million and\\nadditional goodwill of $91 million. This goodwill is expected to be fully deductible for tax purposes.\\n\\nThe pro forma impact of our acquisitions was not material to our Consolidated Statements of Operations for\\nthe years ended December 31, 2017 and 2016.\\n\\nNote 4: Property, Plant and Equipment\\n\\nThe following table summarizes the major classes of property, plant and equipment by category as of\\nDecember 31:\\n\\n2017\\n\\n2016\\n\\nUtility plant:\\nLand and other non-depreciable assets . . . . . . . . . . $ 151 $ 147\\nSources of supply . . . . . . . . . . . . . . . . . . . . . . . . . .\\n798\\n734\\nTreatment and pumping facilities . . . . . . . . . . . . . .\\n3,356\\n3,218\\nTransmission and distribution facilities . . . . . . . . .\\n9,583\\n9,043\\nServices, meters and fire hydrants . . . . . . . . . . . . . .\\n3,754\\n3,504\\nGeneral structures and equipment . . . . . . . . . . . . . .\\n1,458\\n1,343\\nWaste treatment, pumping and disposal . . . . . . . . .\\n557\\n457\\nWaste collection . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n904\\n637\\nConstruction work in progress . . . . . . . . . . . . . . . . .\\n585\\n419\\n\\nTotal utility plant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNonutility property . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n21,146\\n570\\n\\n19,502\\n452\\n\\nTotal property, plant and equipment . . . . . . . . . . . . . . . .\\n\\n$21,716\\n\\n$19,954\\n\\nRange of\\nRemaining Useful\\nLives\\n\\nWeighted Average\\nUseful Life\\n\\n2 to 127 Years\\n3 to 101 Years\\n9 to 156 Years\\n5 to 90 Years\\n1 to 156 Years\\n3 to 106 Years\\n5 to 97 Years\\n\\n45 years\\n37 years\\n72 years\\n30 years\\n16 years\\n37 years\\n55 years\\n\\n3 to 50 years\\n\\n6 years\\n\\nProperty, plant and equipment depreciation expense amounted to $460 million, $435 million, and\\n$405 million for the years ended December 31, 2017, 2016 and 2015, respectively and was included in\\ndepreciation and amortization expense in the accompanying Consolidated Statements of Operations. The\\nprovision for depreciation expressed as a percentage of the aggregate average depreciable asset balances was\\n3.07%, 3.14% and 3.13% for years December 31, 2017, 2016 and 2015, respectively.\\n\\nNote 5: Allowance for Uncollectible Accounts\\n\\nThe following table summarizes the changes in the Company’s allowances for uncollectible accounts for the\\nyears ended December 31:\\n\\n2017\\n\\n2016\\n\\n2015\\n\\nBalance as of January 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAmounts charged to expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAmounts written off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRecoveries of amounts written off . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n(40) $\\n(29)\\n30\\n(3)\\n\\n(39) $\\n(27)\\n29\\n(3)\\n\\n(35)\\n(32)\\n31\\n(3)\\n\\nBalance as of December 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n(42)\\n\\n(40)\\n\\n(39)\\n\\n114\\n\\n$\\n\\n$\",\"name\":\"fintabnet.AWK_2017_page_134__72dpi_medium\",\"page_id\":\"fintabnet.AWK_2017_page_134\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.733,\"source\":\"fintabnet\",\"source_id\":\"AWK_2017_page_134\",\"stack\":[{\"deg\":1.733,\"op\":\"skew\"},{\"amp\":0.113,\"angle\":355.2,\"blob\":0.688,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":3.414,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":5.817},{\"offset\":-0.05,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[74.2,261.5,535.9,468.8],\"block_orders\":[4,5,6,7,8,9,10,11,12,13,14,15,16,17,18],\"cells\":null},{\"bbox\":[84.7,607.0,546.1,698.5],\"block_orders\":[22,23,24,25,26,27,28,29,30,31,32,33,34,36,37],\"cells\":null}],\"text\":\"During 2015, the Company also closed on the Keystone acquisition, which is included as part of the Market-\\nBased Businesses, for a total purchase price of $133 million, net of cash received. The fair value of identifiable\\nassets acquired and liabilities assumed was $56 million and $7 million, respectively, and principally included the\\nacquisition of nonutility property of $25 million, accounts receivable and unbilled revenues of $18 million and\\nintangible assets of $12 million. The purchase price allocation, which is based on the estimated fair value of net\\nassets acquired, resulted in the Company recording redeemable noncontrolling interest of $7 million and\\nadditional goodwill of $91 million. This goodwill is expected to be fully deductible for tax purposes.\\n\\nThe pro forma impact of our acquisitions was not material to our Consolidated Statements of Operations for\\nthe years ended December 31, 2017 and 2016.\\n\\nNote 4: Property, Plant and Equipment\\n\\nThe following table summarizes the major classes of property, plant and equipment by category as of\\nDecember 31:\\n\\n2017\\n\\n2016\\n\\nUtility plant:\\nLand and other non-depreciable assets . . . . . . . . . . $ 151 $ 147\\nSources of supply . . . . . . . . . . . . . . . . . . . . . . . . . .\\n798\\n734\\nTreatment and pumping facilities . . . . . . . . . . . . . .\\n3,356\\n3,218\\nTransmission and distribution facilities . . . . . . . . .\\n9,583\\n9,043\\nServices, meters and fire hydrants . . . . . . . . . . . . . .\\n3,754\\n3,504\\nGeneral structures and equipment . . . . . . . . . . . . . .\\n1,458\\n1,343\\nWaste treatment, pumping and disposal . . . . . . . . .\\n557\\n457\\nWaste collection . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n904\\n637\\nConstruction work in progress . . . . . . . . . . . . . . . . .\\n585\\n419\\n\\nTotal utility plant . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNonutility property . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n21,146\\n570\\n\\n19,502\\n452\\n\\nTotal property, plant and equipment . . . . . . . . . . . . . . . .\\n\\n$21,716\\n\\n$19,954\\n\\nRange of\\nRemaining Useful\\nLives\\n\\nWeighted Average\\nUseful Life\\n\\n2 to 127 Years\\n3 to 101 Years\\n9 to 156 Years\\n5 to 90 Years\\n1 to 156 Years\\n3 to 106 Years\\n5 to 97 Years\\n\\n45 years\\n37 years\\n72 years\\n30 years\\n16 years\\n37 years\\n55 years\\n\\n3 to 50 years\\n\\n6 years\\n\\nProperty, plant and equipment depreciation expense amounted to $460 million, $435 million, and\\n$405 million for the years ended December 31, 2017, 2016 and 2015, respectively and was included in\\ndepreciation and amortization expense in the accompanying Consolidated Statements of Operations. 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AXP_2016_page_49\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:AXP_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[38.3,48.2,421.6,86.1],\"lines\":[{\"bbox\":[38.3,48.2,421.6,86.1],\"text\":\"CONSOLIDATED RESULTS OF OPERATIONS\"}],\"order\":0,\"text\":\"CONSOLIDATED RESULTS OF OPERATIONS\"},{\"bbox\":[39.5,73.4,743.4,128.7],\"lines\":[{\"bbox\":[39.5,73.4,742.8,113.7],\"text\":\"Refer to the “Glossary of Selected Terminology” for the definitions of certain key terms and related information appearing\"},{\"bbox\":[40.0,108.4,148.7,128.7],\"text\":\"within this section.\"}],\"order\":1,\"text\":\"Refer to the “Glossary of Selected Terminology” for the definitions of certain key terms and related information appearing\\nwithin this section.\"},{\"bbox\":[40.9,115.5,757.1,186.1],\"lines\":[{\"bbox\":[40.9,115.5,756.1,156.1],\"text\":\"Effective June 30, 2014, as a result of the GBT JV transaction, we deconsolidated the Global Business Travel net assets, and\"},{\"bbox\":[41.4,131.1,738.9,171.1],\"text\":\"now offer business travel-related services through the non-consolidated joint venture, resulting in a lack of comparability\"},{\"bbox\":[41.9,164.8,183.3,186.1],\"text\":\"between 2015 and 2014.\"}],\"order\":2,\"text\":\"Effective June 30, 2014, as a result of the GBT JV transaction, we deconsolidated the Global Business Travel net assets, and\\nnow offer business travel-related services through the non-consolidated joint venture, resulting in a lack of comparability\\nbetween 2015 and 2014.\"},{\"bbox\":[42.8,172.5,777.0,378.5],\"lines\":[{\"bbox\":[42.9,173.6,738.0,213.6],\"text\":\"Effective December 1, 2015, we transferred the Card Member loans and receivables related to our HFS portfolios to Card\"},{\"bbox\":[43.4,187.6,766.9,228.6],\"text\":\"Member loans and receivables HFS on the Consolidated Balance Sheets. On March 18, 2016 and June 17, 2016, we completed\"},{\"bbox\":[43.9,202.6,769.4,243.6],\"text\":\"the sales of the JetBlue and Costco cobrand card portfolios, respectively. For the periods from December 1, 2015, through the\"},{\"bbox\":[44.4,219.0,728.0,258.6],\"text\":\"sale completion dates, the primary impacts beyond the HFS classification on the Consolidated Balance Sheets were to\"},{\"bbox\":[44.9,233.1,753.3,273.6],\"text\":\"provisions for losses and credit metrics, which do not reflect amounts related to these HFS loans and receivables, as credit\"},{\"bbox\":[45.4,247.4,774.0,288.6],\"text\":\"costs were reported in Other expenses through a valuation allowance adjustment. Other, non-credit related metrics (i.e., billed\"},{\"bbox\":[45.9,262.9,760.6,303.6],\"text\":\"business, cards-in-force, net interest yield) reflect amounts related to the HFS portfolios through the sale completion dates.\"},{\"bbox\":[46.4,278.0,756.8,318.6],\"text\":\"Additionally, for periods after the sale completion dates, activities associated with these cobrand partnerships and the HFS\"},{\"bbox\":[46.9,293.5,743.0,333.5],\"text\":\"portfolios are no longer included in our Consolidated Results of Operations. Specifically, these impacts include: Discount\"},{\"bbox\":[47.4,307.4,775.4,348.5],\"text\":\"revenue from Costco in the United States for spend on all American Express cards and from other merchants for spend on the\"},{\"bbox\":[47.9,323.8,734.9,363.5],\"text\":\"Costco cobrand card; Other fees and commissions and Interest income from Costco cobrand Card Members; and Card\"},{\"bbox\":[48.4,338.2,752.0,378.5],\"text\":\"Member rewards expense related to the Costco cobrand card, resulting in a lack of comparability between 2016 and 2015.\"}],\"order\":3,\"text\":\"Effective December 1, 2015, we transferred the Card Member loans and receivables related to our HFS portfolios to Card\\nMember loans and receivables HFS on the Consolidated Balance Sheets. On March 18, 2016 and June 17, 2016, we completed\\nthe sales of the JetBlue and Costco cobrand card portfolios, respectively. For the periods from December 1, 2015, through the\\nsale completion dates, the primary impacts beyond the HFS classification on the Consolidated Balance Sheets were to\\nprovisions for losses and credit metrics, which do not reflect amounts related to these HFS loans and receivables, as credit\\ncosts were reported in Other expenses through a valuation allowance adjustment. Other, non-credit related metrics (i.e., billed\\nbusiness, cards-in-force, net interest yield) reflect amounts related to the HFS portfolios through the sale completion dates.\\nAdditionally, for periods after the sale completion dates, activities associated with these cobrand partnerships and the HFS\\nportfolios are no longer included in our Consolidated Results of Operations. Specifically, these impacts include: Discount\\nrevenue from Costco in the United States for spend on all American Express cards and from other merchants for spend on the\\nCostco cobrand card; Other fees and commissions and Interest income from Costco cobrand Card Members; and Card\\nMember rewards expense related to the Costco cobrand card, resulting in a lack of comparability between 2016 and 2015.\"},{\"bbox\":[49.3,364.8,781.6,436.0],\"lines\":[{\"bbox\":[49.4,366.0,744.0,406.0],\"text\":\"The relationship of the U.S. dollar to various foreign currencies over the periods of comparison has had an impact on our\"},{\"bbox\":[49.9,379.8,781.1,421.0],\"text\":\"results of operations. Where meaningful in describing our performance, foreign currency-adjusted amounts, which exclude the\"},{\"bbox\":[50.4,404.9,479.7,436.0],\"text\":\"impact of changes in the foreign exchange (FX) rates, have been provided.\"}],\"order\":4,\"text\":\"The relationship of the U.S. dollar to various foreign currencies over the periods of comparison has had an impact on our\\nresults of operations. Where meaningful in describing our performance, foreign currency-adjusted amounts, which exclude the\\nimpact of changes in the foreign exchange (FX) rates, have been provided.\"},{\"bbox\":[51.8,450.6,384.0,480.1],\"lines\":[{\"bbox\":[51.8,450.6,384.0,480.1],\"text\":\"TABLE 1: SUMMARY OF FINANCIAL PERFORMANCE\"}],\"order\":5,\"text\":\"TABLE 1: SUMMARY OF FINANCIAL PERFORMANCE\"},{\"bbox\":[52.7,480.9,295.6,597.7],\"lines\":[{\"bbox\":[52.7,484.9,173.7,501.7],\"text\":\"Years Ended December 31,\"},{\"bbox\":[53.2,494.3,292.8,515.2],\"text\":\"(Millions, except percentages and per share amounts)\"},{\"bbox\":[53.7,510.9,226.5,529.6],\"text\":\"Total revenues net of interest expense\"},{\"bbox\":[54.1,527.1,147.3,543.1],\"text\":\"Provisions for losses\"},{\"bbox\":[54.6,542.3,97.9,556.5],\"text\":\"Expenses\"},{\"bbox\":[55.0,555.5,107.1,570.0],\"text\":\"Net income\"},{\"bbox\":[55.5,564.8,235.0,583.7],\"text\":\"Earnings per common share — diluted (a)\"},{\"bbox\":[56.0,580.8,177.2,597.7],\"text\":\"Return on average equity (b)\"}],\"order\":6,\"text\":\"Years Ended December 31,\\n(Millions, except percentages and per share amounts)\\nTotal revenues net of interest expense\\nProvisions for losses\\nExpenses\\nNet income\\nEarnings per common share — diluted (a)\\nReturn on average equity (b)\"},{\"bbox\":[385.8,505.3,392.6,518.4],\"lines\":[{\"bbox\":[385.8,505.3,392.6,518.4],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[387.6,559.5,394.4,572.5],\"lines\":[{\"bbox\":[387.6,559.5,394.4,572.5],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[404.8,486.9,516.5,585.8],\"lines\":[{\"bbox\":[412.3,489.6,434.9,503.1],\"text\":\"2016\"},{\"bbox\":[469.4,487.6,491.9,501.2],\"text\":\"2015\"},{\"bbox\":[406.6,503.9,435.4,517.7],\"text\":\"32,119\"},{\"bbox\":[450.3,502.0,492.4,516.2],\"text\":\"$ 32,818\"},{\"bbox\":[507.4,501.2,514.2,514.2],\"text\":\"$\"},{\"bbox\":[409.1,517.4,435.8,531.1],\"text\":\"2,026\"},{\"bbox\":[467.7,515.5,492.9,529.1],\"text\":\"1,988\"},{\"bbox\":[406.2,530.9,436.2,544.7],\"text\":\"21,997\"},{\"bbox\":[461.2,528.9,493.3,542.8],\"text\":\"22,892\"},{\"bbox\":[409.8,544.4,436.7,558.1],\"text\":\"5,408\"},{\"bbox\":[469.1,542.4,493.8,556.1],\"text\":\"5,163\"},{\"bbox\":[417.0,558.0,437.2,571.5],\"text\":\"5.65\"},{\"bbox\":[452.1,557.3,458.9,570.3],\"text\":\"$\"},{\"bbox\":[473.4,556.1,494.2,569.6],\"text\":\"5.05\"},{\"bbox\":[509.2,555.4,516.0,568.4],\"text\":\"$\"},{\"bbox\":[416.6,571.7,447.1,585.5],\"text\":\"26.0 %\"},{\"bbox\":[473.6,569.8,504.3,583.6],\"text\":\"24.0 %\"}],\"order\":9,\"text\":\"2016\\n2015\\n32,119\\n$ 32,818\\n$\\n2,026\\n1,988\\n21,997\\n22,892\\n5,408\\n5,163\\n5.65\\n$\\n5.05\\n$\\n26.0 %\\n24.0 %\"},{\"bbox\":[523.2,485.2,566.7,581.8],\"lines\":[{\"bbox\":[531.4,485.5,554.1,499.1],\"text\":\"2014\"},{\"bbox\":[523.7,499.9,554.7,513.7],\"text\":\"34,188\"},{\"bbox\":[528.0,513.4,555.1,527.1],\"text\":\"2,044\"},{\"bbox\":[525.3,526.8,555.5,540.7],\"text\":\"23,153\"},{\"bbox\":[529.8,540.3,556.2,554.0],\"text\":\"5,885\"},{\"bbox\":[536.2,554.0,556.6,567.5],\"text\":\"5.56\"},{\"bbox\":[538.0,567.7,566.7,581.4],\"text\":\"29.1 %\"}],\"order\":10,\"text\":\"2014\\n34,188\\n2,044\\n23,153\\n5,885\\n5.56\\n29.1 %\"},{\"bbox\":[576.9,468.3,668.4,566.0],\"lines\":[{\"bbox\":[601.2,469.3,636.2,483.2],\"text\":\"Change\"},{\"bbox\":[588.2,482.3,650.3,497.2],\"text\":\"2016 vs. 2015\"},{\"bbox\":[577.9,497.6,621.5,511.9],\"text\":\"$ (699)\"},{\"bbox\":[643.0,496.1,666.5,509.7],\"text\":\"(2) %\"},{\"bbox\":[606.6,511.2,618.8,524.4],\"text\":\"38\"},{\"bbox\":[648.0,510.0,654.1,523.0],\"text\":\"2\"},{\"bbox\":[596.6,524.6,622.4,538.3],\"text\":\"(895)\"},{\"bbox\":[643.6,523.4,657.7,536.7],\"text\":\"(4)\"},{\"bbox\":[601.9,538.2,619.7,551.6],\"text\":\"245\"},{\"bbox\":[649.0,537.0,655.1,550.0],\"text\":\"5\"},{\"bbox\":[579.7,551.8,620.2,566.0],\"text\":\"$ 0.60\"},{\"bbox\":[645.2,550.2,668.4,563.8],\"text\":\"12 %\"}],\"order\":11,\"text\":\"Change\\n2016 vs. 2015\\n$ (699)\\n(2) %\\n38\\n2\\n(895)\\n(4)\\n245\\n5\\n$ 0.60\\n12 %\"},{\"bbox\":[678.4,464.6,775.6,562.6],\"lines\":[{\"bbox\":[707.4,465.7,742.3,479.7],\"text\":\"Change\"},{\"bbox\":[694.3,478.7,756.4,493.6],\"text\":\"2015 vs. 2014\"},{\"bbox\":[679.3,494.3,720.2,508.4],\"text\":\"$ (1,370)\"},{\"bbox\":[749.9,492.5,773.8,506.1],\"text\":\"(4) %\"},{\"bbox\":[700.9,507.8,720.7,521.2],\"text\":\"(56)\"},{\"bbox\":[750.7,506.3,764.7,519.5],\"text\":\"(3)\"},{\"bbox\":[697.0,521.3,721.2,534.9],\"text\":\"(261)\"},{\"bbox\":[752.7,519.8,765.0,533.0],\"text\":\"(1)\"},{\"bbox\":[696.8,534.7,721.6,548.4],\"text\":\"(722)\"},{\"bbox\":[747.3,533.3,765.4,546.7],\"text\":\"(12)\"},{\"bbox\":[681.1,548.4,722.1,562.6],\"text\":\"$ (0.51)\"},{\"bbox\":[751.8,546.6,775.6,560.2],\"text\":\"(9) %\"}],\"order\":12,\"text\":\"Change\\n2015 vs. 2014\\n$ (1,370)\\n(4) %\\n(56)\\n(3)\\n(261)\\n(1)\\n(722)\\n(12)\\n$ (0.51)\\n(9) %\"},{\"bbox\":[56.7,583.4,779.0,643.7],\"lines\":[{\"bbox\":[56.7,583.6,772.1,620.5],\"text\":\"(a) Earnings per common share — diluted was reduced by the impact of (i) earnings allocated to participating share awards and other items of $43 million, $38\"},{\"bbox\":[74.0,595.0,778.6,631.6],\"text\":\"million and $46 million for the years ended December 31, 2016, 2015 and 2014, respectively, and (ii) dividends on preferred shares of $80 million, $62 million\"},{\"bbox\":[74.3,620.8,356.2,643.1],\"text\":\"and nil for the years ended December 31, 2016, 2015 and 2014.\"}],\"order\":13,\"text\":\"(a) Earnings per common share — diluted was reduced by the impact of (i) earnings allocated to participating share awards and other items of $43 million, $38\\nmillion and $46 million for the years ended December 31, 2016, 2015 and 2014, respectively, and (ii) dividends on preferred shares of $80 million, $62 million\\nand nil for the years ended December 31, 2016, 2015 and 2014.\"},{\"bbox\":[57.8,621.8,762.8,669.8],\"lines\":[{\"bbox\":[57.8,621.8,762.4,658.3],\"text\":\"(b) Return on Average Equity (ROE) is computed by dividing (i) one-year period net income ($5.4 billion, $5.2 billion and $5.9 billion for 2016, 2015 and 2014,\"},{\"bbox\":[75.1,634.2,736.1,669.3],\"text\":\"respectively) by (ii) one-year average total shareholders’ equity ($20.8 billion, $21.5 billion and $20.3 billion for 2016, 2015 and 2014, respectively).\"}],\"order\":14,\"text\":\"(b) Return on Average Equity (ROE) is computed by dividing (i) one-year period net income ($5.4 billion, $5.2 billion and $5.9 billion for 2016, 2015 and 2014,\\nrespectively) by (ii) one-year average total shareholders’ equity ($20.8 billion, $21.5 billion and $20.3 billion for 2016, 2015 and 2014, respectively).\"},{\"bbox\":[59.7,681.3,499.8,714.5],\"lines\":[{\"bbox\":[59.7,681.3,499.8,714.5],\"text\":\"TABLE 2: TOTAL REVENUES NET OF INTEREST EXPENSE SUMMARY\"}],\"order\":15,\"text\":\"TABLE 2: TOTAL REVENUES NET OF INTEREST EXPENSE SUMMARY\"},{\"bbox\":[63.5,717.3,237.4,858.8],\"lines\":[{\"bbox\":[63.5,719.0,184.4,735.9],\"text\":\"Years Ended December 31,\"},{\"bbox\":[63.9,732.1,198.6,749.5],\"text\":\"(Millions, except percentages)\"},{\"bbox\":[64.4,747.2,143.6,762.7],\"text\":\"Discount revenue\"},{\"bbox\":[64.8,759.5,125.1,774.3],\"text\":\"Net card fees\"},{\"bbox\":[65.2,768.6,201.5,786.0],\"text\":\"Other fees and commissions (a)\"},{\"bbox\":[65.6,784.0,91.8,797.6],\"text\":\"Other\"},{\"bbox\":[66.0,793.1,191.0,810.1],\"text\":\"Total non-interest revenues\"},{\"bbox\":[66.4,806.4,162.8,822.5],\"text\":\"Total interest income\"},{\"bbox\":[66.8,817.9,167.5,834.1],\"text\":\"Total interest expense\"},{\"bbox\":[67.2,830.6,156.6,846.5],\"text\":\"Net interest income\"},{\"bbox\":[67.6,840.3,237.4,858.8],\"text\":\"Total revenues net of interest expense\"}],\"order\":16,\"text\":\"Years Ended December 31,\\n(Millions, except percentages)\\nDiscount revenue\\nNet card fees\\nOther fees and commissions (a)\\nOther\\nTotal non-interest revenues\\nTotal interest income\\nTotal interest expense\\nNet interest income\\nTotal revenues net of interest expense\"},{\"bbox\":[362.0,739.6,368.8,752.6],\"lines\":[{\"bbox\":[362.0,739.6,368.8,752.6],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[365.3,835.7,372.0,848.7],\"lines\":[{\"bbox\":[365.3,835.7,372.0,848.7],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[379.6,725.0,415.5,848.1],\"lines\":[{\"bbox\":[389.2,725.0,411.8,738.5],\"text\":\"2016\"},{\"bbox\":[381.0,738.1,412.2,752.0],\"text\":\"18,680\"},{\"bbox\":[386.2,749.8,412.7,763.5],\"text\":\"2,886\"},{\"bbox\":[387.8,761.5,413.0,775.1],\"text\":\"2,753\"},{\"bbox\":[386.7,773.1,413.4,786.8],\"text\":\"2,029\"},{\"bbox\":[381.6,785.6,413.8,799.5],\"text\":\"26,348\"},{\"bbox\":[389.2,797.9,414.3,811.6],\"text\":\"7,475\"},{\"bbox\":[389.9,809.6,414.7,823.2],\"text\":\"1,704\"},{\"bbox\":[391.7,821.9,415.0,835.5],\"text\":\"5,771\"},{\"bbox\":[386.8,834.2,415.5,848.0],\"text\":\"32,119\"}],\"order\":19,\"text\":\"2016\\n18,680\\n2,886\\n2,753\\n2,029\\n26,348\\n7,475\\n1,704\\n5,771\\n32,119\"},{\"bbox\":[427.7,737.4,434.4,750.4],\"lines\":[{\"bbox\":[427.7,737.4,434.4,750.4],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[430.9,833.5,437.7,846.5],\"lines\":[{\"bbox\":[430.9,833.5,437.7,846.5],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[444.4,722.8,480.8,845.9],\"lines\":[{\"bbox\":[454.5,722.8,477.0,736.3],\"text\":\"2015\"},{\"bbox\":[447.2,735.9,477.4,749.7],\"text\":\"19,297\"},{\"bbox\":[451.0,747.6,477.8,761.3],\"text\":\"2,700\"},{\"bbox\":[451.6,759.2,478.3,772.9],\"text\":\"2,866\"},{\"bbox\":[451.8,770.9,478.5,784.6],\"text\":\"2,033\"},{\"bbox\":[446.4,783.4,479.2,797.3],\"text\":\"26,896\"},{\"bbox\":[453.8,795.7,479.6,809.4],\"text\":\"7,545\"},{\"bbox\":[455.1,807.4,479.7,821.0],\"text\":\"1,623\"},{\"bbox\":[454.1,819.7,480.3,833.4],\"text\":\"5,922\"},{\"bbox\":[450.1,832.0,480.7,845.9],\"text\":\"32,818\"}],\"order\":22,\"text\":\"2015\\n19,297\\n2,700\\n2,866\\n2,033\\n26,896\\n7,545\\n1,623\\n5,922\\n32,818\"},{\"bbox\":[493.3,735.2,500.0,748.2],\"lines\":[{\"bbox\":[493.3,735.2,500.0,748.2],\"text\":\"$\"}],\"order\":23,\"text\":\"$\"},{\"bbox\":[496.5,831.3,503.3,844.3],\"lines\":[{\"bbox\":[496.5,831.3,503.3,844.3],\"text\":\"$\"}],\"order\":24,\"text\":\"$\"},{\"bbox\":[511.7,720.6,546.4,843.7],\"lines\":[{\"bbox\":[519.8,720.6,542.6,734.1],\"text\":\"2014\"},{\"bbox\":[512.1,733.7,543.2,747.6],\"text\":\"19,389\"},{\"bbox\":[519.5,745.4,543.5,759.0],\"text\":\"2,712\"},{\"bbox\":[517.4,757.0,544.0,770.7],\"text\":\"3,626\"},{\"bbox\":[517.6,768.7,544.4,782.4],\"text\":\"2,989\"},{\"bbox\":[514.4,781.2,544.6,795.0],\"text\":\"28,716\"},{\"bbox\":[521.3,793.5,545.2,807.1],\"text\":\"7,179\"},{\"bbox\":[521.2,805.2,545.4,818.8],\"text\":\"1,707\"},{\"bbox\":[520.1,817.5,545.9,831.2],\"text\":\"5,472\"},{\"bbox\":[515.4,829.8,546.4,843.7],\"text\":\"34,188\"}],\"order\":25,\"text\":\"2014\\n19,389\\n2,712\\n3,626\\n2,989\\n28,716\\n7,179\\n1,707\\n5,472\\n34,188\"},{\"bbox\":[558.8,733.0,565.5,746.0],\"lines\":[{\"bbox\":[558.8,733.0,565.5,746.0],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[562.0,829.1,568.7,842.1],\"lines\":[{\"bbox\":[562.0,829.1,568.7,842.1],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[579.3,702.7,670.0,841.4],\"lines\":[{\"bbox\":[592.8,704.0,627.7,718.0],\"text\":\"Change\"},{\"bbox\":[579.8,717.2,641.9,732.1],\"text\":\"2016 vs. 2015\"},{\"bbox\":[585.1,731.5,608.7,745.1],\"text\":\"(617)\"},{\"bbox\":[637.5,729.5,666.7,743.3],\"text\":\"(3) %\"},{\"bbox\":[589.6,743.3,606.2,756.6],\"text\":\"186\"},{\"bbox\":[643.1,741.8,648.8,754.8],\"text\":\"7\"},{\"bbox\":[587.2,754.8,609.5,768.4],\"text\":\"(113)\"},{\"bbox\":[638.0,753.4,652.1,766.7],\"text\":\"(4)\"},{\"bbox\":[595.7,766.5,609.9,779.8],\"text\":\"(4)\"},{\"bbox\":[639.6,765.1,649.7,778.3],\"text\":\"―\"},{\"bbox\":[584.5,779.0,610.3,792.6],\"text\":\"(548)\"},{\"bbox\":[639.1,777.5,652.9,790.8],\"text\":\"(2)\"},{\"bbox\":[590.9,791.3,610.7,804.8],\"text\":\"(70)\"},{\"bbox\":[641.1,789.9,653.3,803.1],\"text\":\"(1)\"},{\"bbox\":[597.6,803.1,608.3,816.2],\"text\":\"81\"},{\"bbox\":[644.8,801.6,650.9,814.6],\"text\":\"5\"},{\"bbox\":[589.2,815.3,611.5,828.8],\"text\":\"(151)\"},{\"bbox\":[640.4,813.8,654.3,827.1],\"text\":\"(3)\"},{\"bbox\":[585.8,827.6,611.9,841.3],\"text\":\"(699)\"},{\"bbox\":[640.8,825.7,670.0,839.4],\"text\":\"(2) %\"}],\"order\":28,\"text\":\"Change\\n2016 vs. 2015\\n(617)\\n(3) %\\n186\\n7\\n(113)\\n(4)\\n(4)\\n―\\n(548)\\n(2)\\n(70)\\n(1)\\n81\\n5\\n(151)\\n(3)\\n(699)\\n(2) %\"},{\"bbox\":[678.6,698.7,789.8,838.0],\"lines\":[{\"bbox\":[713.1,700.0,748.0,713.9],\"text\":\"Change\"},{\"bbox\":[700.1,713.1,762.1,728.0],\"text\":\"2015 vs. 2014\"},{\"bbox\":[679.5,728.9,686.3,741.9],\"text\":\"$\"},{\"bbox\":[707.7,727.5,727.4,741.0],\"text\":\"(92)\"},{\"bbox\":[758.1,725.5,786.5,739.3],\"text\":\"― %\"},{\"bbox\":[709.7,739.2,727.8,752.6],\"text\":\"(12)\"},{\"bbox\":[758.5,737.8,768.6,750.9],\"text\":\"―\"},{\"bbox\":[702.5,750.8,728.2,764.5],\"text\":\"(760)\"},{\"bbox\":[753.9,749.3,772.0,762.7],\"text\":\"(21)\"},{\"bbox\":[702.9,762.5,728.6,776.1],\"text\":\"(956)\"},{\"bbox\":[752.8,761.0,772.4,774.5],\"text\":\"(32)\"},{\"bbox\":[695.9,775.0,729.0,788.9],\"text\":\"(1,820)\"},{\"bbox\":[758.7,773.5,772.9,786.8],\"text\":\"(6)\"},{\"bbox\":[708.2,787.4,726.4,800.8],\"text\":\"366\"},{\"bbox\":[764.2,785.9,770.3,798.9],\"text\":\"5\"},{\"bbox\":[709.9,798.9,730.0,812.4],\"text\":\"(84)\"},{\"bbox\":[759.9,797.5,773.7,810.7],\"text\":\"(5)\"},{\"bbox\":[708.7,811.4,727.1,824.8],\"text\":\"450\"},{\"bbox\":[764.6,809.9,771.0,822.9],\"text\":\"8\"},{\"bbox\":[682.8,823.6,730.7,838.0],\"text\":\"$ (1,370)\"},{\"bbox\":[760.4,821.6,789.8,835.4],\"text\":\"(4) %\"}],\"order\":29,\"text\":\"Change\\n2015 vs. 2014\\n$\\n(92)\\n― %\\n(12)\\n―\\n(760)\\n(21)\\n(956)\\n(32)\\n(1,820)\\n(6)\\n366\\n5\\n(84)\\n(5)\\n450\\n8\\n$ (1,370)\\n(4) %\"},{\"bbox\":[65.5,843.0,787.5,891.7],\"lines\":[{\"bbox\":[65.5,843.0,787.1,880.2],\"text\":\"(a) Travel commissions and fees, which were previously disclosed separately on the Consolidated Statements of Income, are now included within Other fees and\"},{\"bbox\":[82.9,876.2,145.7,891.1],\"text\":\"commissions.\"}],\"order\":30,\"text\":\"(a) Travel commissions and fees, which were previously disclosed separately on the Consolidated Statements of Income, are now included within Other fees and\\ncommissions.\"},{\"bbox\":[427.8,988.8,444.3,1005.9],\"lines\":[{\"bbox\":[427.8,988.8,444.3,1005.9],\"text\":\"40\"}],\"order\":31,\"text\":\"40\"}],\"doc\":\"fintabnet:AXP_2016\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"CONSOLIDATED RESULTS OF OPERATIONS\\n\\nRefer to the “Glossary of Selected Terminology” for the definitions of certain key terms and related information appearing\\nwithin this section.\\n\\nEffective June 30, 2014, as a result of the GBT JV transaction, we deconsolidated the Global Business Travel net assets, and\\nnow offer business travel-related services through the non-consolidated joint venture, resulting in a lack of comparability\\nbetween 2015 and 2014.\\n\\nEffective December 1, 2015, we transferred the Card Member loans and receivables related to our HFS portfolios to Card\\nMember loans and receivables HFS on the Consolidated Balance Sheets. On March 18, 2016 and June 17, 2016, we completed\\nthe sales of the JetBlue and Costco cobrand card portfolios, respectively. For the periods from December 1, 2015, through the\\nsale completion dates, the primary impacts beyond the HFS classification on the Consolidated Balance Sheets were to\\nprovisions for losses and credit metrics, which do not reflect amounts related to these HFS loans and receivables, as credit\\ncosts were reported in Other expenses through a valuation allowance adjustment. Other, non-credit related metrics (i.e., billed\\nbusiness, cards-in-force, net interest yield) reflect amounts related to the HFS portfolios through the sale completion dates.\\nAdditionally, for periods after the sale completion dates, activities associated with these cobrand partnerships and the HFS\\nportfolios are no longer included in our Consolidated Results of Operations. Specifically, these impacts include: Discount\\nrevenue from Costco in the United States for spend on all American Express cards and from other merchants for spend on the\\nCostco cobrand card; Other fees and commissions and Interest income from Costco cobrand Card Members; and Card\\nMember rewards expense related to the Costco cobrand card, resulting in a lack of comparability between 2016 and 2015.\\n\\nThe relationship of the U.S. dollar to various foreign currencies over the periods of comparison has had an impact on our\\nresults of operations. Where meaningful in describing our performance, foreign currency-adjusted amounts, which exclude the\\nimpact of changes in the foreign exchange (FX) rates, have been provided.\\n\\nTABLE 1: SUMMARY OF FINANCIAL PERFORMANCE\\n\\nYears Ended December 31,\\n(Millions, except percentages and per share amounts)\\nTotal revenues net of interest expense\\nProvisions for losses\\nExpenses\\nNet income\\nEarnings per common share — diluted (a)\\nReturn on average equity (b)\\n\\n$\\n\\n$\\n\\n2016\\n2015\\n32,119\\n$ 32,818\\n$\\n2,026\\n1,988\\n21,997\\n22,892\\n5,408\\n5,163\\n5.65\\n$\\n5.05\\n$\\n26.0 %\\n24.0 %\\n\\n2014\\n34,188\\n2,044\\n23,153\\n5,885\\n5.56\\n29.1 %\\n\\nChange\\n2016 vs. 2015\\n$ (699)\\n(2) %\\n38\\n2\\n(895)\\n(4)\\n245\\n5\\n$ 0.60\\n12 %\\n\\nChange\\n2015 vs. 2014\\n$ (1,370)\\n(4) %\\n(56)\\n(3)\\n(261)\\n(1)\\n(722)\\n(12)\\n$ (0.51)\\n(9) %\\n\\n(a) Earnings per common share — diluted was reduced by the impact of (i) earnings allocated to participating share awards and other items of $43 million, $38\\nmillion and $46 million for the years ended December 31, 2016, 2015 and 2014, respectively, and (ii) dividends on preferred shares of $80 million, $62 million\\nand nil for the years ended December 31, 2016, 2015 and 2014.\\n\\n(b) Return on Average Equity (ROE) is computed by dividing (i) one-year period net income ($5.4 billion, $5.2 billion and $5.9 billion for 2016, 2015 and 2014,\\nrespectively) by (ii) one-year average total shareholders’ equity ($20.8 billion, $21.5 billion and $20.3 billion for 2016, 2015 and 2014, respectively).\\n\\nTABLE 2: TOTAL REVENUES NET OF INTEREST EXPENSE SUMMARY\\n\\nYears Ended December 31,\\n(Millions, except percentages)\\nDiscount revenue\\nNet card fees\\nOther fees and commissions (a)\\nOther\\nTotal non-interest revenues\\nTotal interest income\\nTotal interest expense\\nNet interest income\\nTotal revenues net of interest expense\\n\\n$\\n\\n$\\n\\n2016\\n18,680\\n2,886\\n2,753\\n2,029\\n26,348\\n7,475\\n1,704\\n5,771\\n32,119\\n\\n$\\n\\n$\\n\\n2015\\n19,297\\n2,700\\n2,866\\n2,033\\n26,896\\n7,545\\n1,623\\n5,922\\n32,818\\n\\n$\\n\\n$\\n\\n2014\\n19,389\\n2,712\\n3,626\\n2,989\\n28,716\\n7,179\\n1,707\\n5,472\\n34,188\\n\\n$\\n\\n$\\n\\nChange\\n2016 vs. 2015\\n(617)\\n(3) %\\n186\\n7\\n(113)\\n(4)\\n(4)\\n―\\n(548)\\n(2)\\n(70)\\n(1)\\n81\\n5\\n(151)\\n(3)\\n(699)\\n(2) %\\n\\nChange\\n2015 vs. 2014\\n$\\n(92)\\n― %\\n(12)\\n―\\n(760)\\n(21)\\n(956)\\n(32)\\n(1,820)\\n(6)\\n366\\n5\\n(84)\\n(5)\\n450\\n8\\n$ (1,370)\\n(4) %\\n\\n(a) Travel commissions and fees, which were previously disclosed separately on the Consolidated Statements of Income, are now included within Other fees and\\ncommissions.\\n\\n40\",\"name\":\"fintabnet.AXP_2016_page_49__100dpi_medium\",\"page_id\":\"fintabnet.AXP_2016_page_49\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.933,\"source\":\"fintabnet\",\"source_id\":\"AXP_2016_page_49\",\"stack\":[{\"deg\":1.933,\"op\":\"skew\"},{\"amp\":0.129,\"angle\":331.3,\"blob\":0.65,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":2.047,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":6.457},{\"op\":\"jpeg\",\"q\":69}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[52.7,464.6,776.1,597.7],\"block_orders\":[6,7,8,9,10,11,12],\"cells\":null}],\"text\":\"CONSOLIDATED RESULTS OF OPERATIONS\\n\\nRefer to the “Glossary of Selected Terminology” for the definitions of certain key terms and related information appearing\\nwithin this section.\\n\\nEffective June 30, 2014, as a result of the GBT JV transaction, we deconsolidated the Global Business Travel net assets, and\\nnow offer business travel-related services through the non-consolidated joint venture, resulting in a lack of comparability\\nbetween 2015 and 2014.\\n\\nEffective December 1, 2015, we transferred the Card Member loans and receivables related to our HFS portfolios to Card\\nMember loans and receivables HFS on the Consolidated Balance Sheets. On March 18, 2016 and June 17, 2016, we completed\\nthe sales of the JetBlue and Costco cobrand card portfolios, respectively. For the periods from December 1, 2015, through the\\nsale completion dates, the primary impacts beyond the HFS classification on the Consolidated Balance Sheets were to\\nprovisions for losses and credit metrics, which do not reflect amounts related to these HFS loans and receivables, as credit\\ncosts were reported in Other expenses through a valuation allowance adjustment. Other, non-credit related metrics (i.e., billed\\nbusiness, cards-in-force, net interest yield) reflect amounts related to the HFS portfolios through the sale completion dates.\\nAdditionally, for periods after the sale completion dates, activities associated with these cobrand partnerships and the HFS\\nportfolios are no longer included in our Consolidated Results of Operations. Specifically, these impacts include: Discount\\nrevenue from Costco in the United States for spend on all American Express cards and from other merchants for spend on the\\nCostco cobrand card; Other fees and commissions and Interest income from Costco cobrand Card Members; and Card\\nMember rewards expense related to the Costco cobrand card, resulting in a lack of comparability between 2016 and 2015.\\n\\nThe relationship of the U.S. dollar to various foreign currencies over the periods of comparison has had an impact on our\\nresults of operations. Where meaningful in describing our performance, foreign currency-adjusted amounts, which exclude the\\nimpact of changes in the foreign exchange (FX) rates, have been provided.\\n\\nTABLE 1: SUMMARY OF FINANCIAL PERFORMANCE\\n\\nYears Ended December 31,\\n(Millions, except percentages and per share amounts)\\nTotal revenues net of interest expense\\nProvisions for losses\\nExpenses\\nNet income\\nEarnings per common share — diluted (a)\\nReturn on average equity (b)\\n\\n$\\n\\n$\\n\\n2016\\n2015\\n32,119\\n$ 32,818\\n$\\n2,026\\n1,988\\n21,997\\n22,892\\n5,408\\n5,163\\n5.65\\n$\\n5.05\\n$\\n26.0 %\\n24.0 %\\n\\n2014\\n34,188\\n2,044\\n23,153\\n5,885\\n5.56\\n29.1 %\\n\\nChange\\n2016 vs. 2015\\n$ (699)\\n(2) %\\n38\\n2\\n(895)\\n(4)\\n245\\n5\\n$ 0.60\\n12 %\\n\\nChange\\n2015 vs. 2014\\n$ (1,370)\\n(4) %\\n(56)\\n(3)\\n(261)\\n(1)\\n(722)\\n(12)\\n$ (0.51)\\n(9) %\\n\\n(a) Earnings per common share — diluted was reduced by the impact of (i) earnings allocated to participating share awards and other items of $43 million, $38\\nmillion and $46 million for the years ended December 31, 2016, 2015 and 2014, respectively, and (ii) dividends on preferred shares of $80 million, $62 million\\nand nil for the years ended December 31, 2016, 2015 and 2014.\\n\\n(b) Return on Average Equity (ROE) is computed by dividing (i) one-year period net income ($5.4 billion, $5.2 billion and $5.9 billion for 2016, 2015 and 2014,\\nrespectively) by (ii) one-year average total shareholders’ equity ($20.8 billion, $21.5 billion and $20.3 billion for 2016, 2015 and 2014, respectively).\\n\\nTABLE 2: TOTAL REVENUES NET OF INTEREST EXPENSE SUMMARY\\n\\nYears Ended December 31,\\n(Millions, except percentages)\\nDiscount revenue\\nNet card fees\\nOther fees and commissions (a)\\nOther\\nTotal non-interest revenues\\nTotal interest income\\nTotal interest expense\\nNet interest income\\nTotal revenues net of interest expense\\n\\n$\\n\\n$\\n\\n2016\\n18,680\\n2,886\\n2,753\\n2,029\\n26,348\\n7,475\\n1,704\\n5,771\\n32,119\\n\\n$\\n\\n$\\n\\n2015\\n19,297\\n2,700\\n2,866\\n2,033\\n26,896\\n7,545\\n1,623\\n5,922\\n32,818\\n\\n$\\n\\n$\\n\\n2014\\n19,389\\n2,712\\n3,626\\n2,989\\n28,716\\n7,179\\n1,707\\n5,472\\n34,188\\n\\n$\\n\\n$\\n\\nChange\\n2016 vs. 2015\\n(617)\\n(3) %\\n186\\n7\\n(113)\\n(4)\\n(4)\\n―\\n(548)\\n(2)\\n(70)\\n(1)\\n81\\n5\\n(151)\\n(3)\\n(699)\\n(2) %\\n\\nChange\\n2015 vs. 2014\\n$\\n(92)\\n― %\\n(12)\\n―\\n(760)\\n(21)\\n(956)\\n(32)\\n(1,820)\\n(6)\\n366\\n5\\n(84)\\n(5)\\n450\\n8\\n$ (1,370)\\n(4) %\\n\\n(a) Travel commissions and fees, which were previously disclosed separately on the Consolidated Statements of Income, are now included within Other fees and\\ncommissions.\\n\\n40\"},\"name\":\"fintabnet.AXP_2016_page_49__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":204199,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:AXP_2016\",\"dpi\":100,\"gt_sha256\":\"c9d89a926137f37d2dec8ad37cd31d13debb161ff6ef54658dee5143dd7516fa\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.AXP_2016_page_49__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.AXP_2016_page_49\",\"pdf_sha256\":\"b0a9b1b1408f16dc4100066111d8553908f16b206bdde6173066b94ab2ea5c69\",\"px\":[850,1100],\"scan\":{\"render\":\"03007e7c7ffc7ffe7ffc7ffc7e00701661fe3e007fd661fe7ffe000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"AXP_2016_page_49\",\"src\":{\"file_sha256\":\"9395c8d3894f97acf0255de3458fc09d7d31aa2ad30181af7ab0aedf9da71899\",\"render\":\"730060007ffc7ffe7ffc7ffc7f0071b47ffc14007ff47ffe7ffc000000000000\",\"text\":\"1176a5838c6a52362237926767b6fdaddf329d9b670facb3c883735f5896a3dd\"},\"stack\":[{\"deg\":1.933,\"op\":\"skew\"},{\"amp\":0.129,\"angle\":331.3,\"blob\":0.65,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":2.047,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":6.457},{\"op\":\"jpeg\",\"q\":69}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b0a9b1b1408f16dc4100066111d8553908f16b206bdde6173066b94ab2ea5c69\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b0a9b1b1408f16dc4100066111d8553908f16b206bdde6173066b94ab2ea5c69.pdf","asset_sha256":"b0a9b1b1408f16dc4100066111d8553908f16b206bdde6173066b94ab2ea5c69","document_id":"fintabnet:AXP_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"AXP_2016_page_49\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BAC_2010_page_162\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:BAC_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[56.6,42.7,218.9,64.1],\"lines\":[{\"bbox\":[56.6,42.7,218.9,64.1],\"text\":\"Cash Flow Hedges\"}],\"order\":0,\"text\":\"Cash Flow Hedges\"},{\"bbox\":[47.3,66.8,587.7,417.7],\"lines\":[{\"bbox\":[56.0,66.8,587.5,96.9],\"text\":\"The table below summarizes certain information related to the Corporation’s\"},{\"bbox\":[55.4,89.7,586.7,119.8],\"text\":\"derivatives designated as cash flow hedges and net investment hedges for\"},{\"bbox\":[54.8,112.6,586.4,142.7],\"text\":\"2010, 2009 and 2008. During the next 12 months, net losses in accumu-\"},{\"bbox\":[54.1,135.6,585.8,165.7],\"text\":\"lated OCI of approximately $1.8 billion ($1.1 billion after-tax) on derivative\"},{\"bbox\":[53.5,158.5,585.0,188.6],\"text\":\"instruments that qualify as cash flow hedges are expected to be reclassified\"},{\"bbox\":[52.9,181.4,584.5,211.5],\"text\":\"into earnings. These net losses reclassified into earnings are expected to\"},{\"bbox\":[52.3,204.3,583.6,234.4],\"text\":\"primarily reduce net interest income related to the respective hedged items.\"},{\"bbox\":[76.7,227.9,583.2,257.3],\"text\":\"Amounts related to interest rate risk on variable rate portfolios reclassi-\"},{\"bbox\":[51.0,250.1,582.6,280.2],\"text\":\"fied from accumulated OCI increased interest income on assets by $144 mil-\"},{\"bbox\":[50.4,273.0,581.9,303.1],\"text\":\"lion in 2010, reduced interest income on assets by $189 million and\"},{\"bbox\":[49.8,296.0,581.3,326.1],\"text\":\"$156 million in 2009 and 2008 and increased interest expense on liabilities\"},{\"bbox\":[49.2,318.9,580.6,349.0],\"text\":\"by $554 million, $1.1 billion and $1.1 billion in 2010, 2009 and 2008,\"},{\"bbox\":[48.5,341.8,580.0,371.9],\"text\":\"respectively. Amounts reclassified from accumulated OCI exclude amounts\"},{\"bbox\":[47.9,364.7,579.4,394.8],\"text\":\"related to derivative interest accruals which increased interest expense by\"},{\"bbox\":[47.3,387.6,578.9,417.7],\"text\":\"$88 million and increased interest income by $160 million for 2010 and\"}],\"order\":1,\"text\":\"The table below summarizes certain information related to the Corporation’s\\nderivatives designated as cash flow hedges and net investment hedges for\\n2010, 2009 and 2008. During the next 12 months, net losses in accumu-\\nlated OCI of approximately $1.8 billion ($1.1 billion after-tax) on derivative\\ninstruments that qualify as cash flow hedges are expected to be reclassified\\ninto earnings. These net losses reclassified into earnings are expected to\\nprimarily reduce net interest income related to the respective hedged items.\\nAmounts related to interest rate risk on variable rate portfolios reclassi-\\nfied from accumulated OCI increased interest income on assets by $144 mil-\\nlion in 2010, reduced interest income on assets by $189 million and\\n$156 million in 2009 and 2008 and increased interest expense on liabilities\\nby $554 million, $1.1 billion and $1.1 billion in 2010, 2009 and 2008,\\nrespectively. Amounts reclassified from accumulated OCI exclude amounts\\nrelated to derivative interest accruals which increased interest expense by\\n$88 million and increased interest income by $160 million for 2010 and\"},{\"bbox\":[604.0,58.0,1144.4,408.9],\"lines\":[{\"bbox\":[612.8,58.0,1144.4,88.1],\"text\":\"2009, and increased interest expense by $73 million for 2008. Hedge\"},{\"bbox\":[612.1,80.9,1143.7,111.0],\"text\":\"ineffectiveness of $(14) million, $73 million and $(11) million was recorded\"},{\"bbox\":[611.5,103.8,1143.0,133.9],\"text\":\"in interest income, and $(16) million, $(2) million and $4 million was recorded\"},{\"bbox\":[610.9,126.7,937.1,151.2],\"text\":\"in interest expense in 2010, 2009 and 2008.\"},{\"bbox\":[635.2,150.3,1141.7,179.7],\"text\":\"Amounts related to commodity price risk reclassified from accumulated\"},{\"bbox\":[609.6,172.5,1141.1,202.6],\"text\":\"OCI are recorded in trading account profits (losses) with the underlying hedged\"},{\"bbox\":[609.0,195.5,1140.6,225.6],\"text\":\"item. Amounts related to price risk on restricted stock awards reclassified\"},{\"bbox\":[608.4,218.4,1140.0,248.5],\"text\":\"from accumulated OCI are recorded in personnel expense. Amounts related to\"},{\"bbox\":[607.8,241.3,1139.2,271.4],\"text\":\"price risk on equity investments included in AFS securities reclassified from\"},{\"bbox\":[607.1,264.2,1138.7,294.3],\"text\":\"accumulated OCI are recorded in equity investment income with the underlying\"},{\"bbox\":[606.5,287.1,699.3,305.3],\"text\":\"hedged item.\"},{\"bbox\":[630.8,310.7,1137.3,340.1],\"text\":\"Amounts related to foreign exchange risk recognized in accumulated OCI\"},{\"bbox\":[605.3,332.9,1136.7,363.0],\"text\":\"on derivatives exclude gains of $192 million related to long-term debt des-\"},{\"bbox\":[604.7,355.9,1136.3,386.0],\"text\":\"ignated as a net investment hedge for 2010 compared to losses of $387 mil-\"},{\"bbox\":[604.0,378.8,825.7,400.5],\"text\":\"lion for 2009 and $0 for 2008.\"}],\"order\":2,\"text\":\"2009, and increased interest expense by $73 million for 2008. Hedge\\nineffectiveness of $(14) million, $73 million and $(11) million was recorded\\nin interest income, and $(16) million, $(2) million and $4 million was recorded\\nin interest expense in 2010, 2009 and 2008.\\nAmounts related to commodity price risk reclassified from accumulated\\nOCI are recorded in trading account profits (losses) with the underlying hedged\\nitem. Amounts related to price risk on restricted stock awards reclassified\\nfrom accumulated OCI are recorded in personnel expense. Amounts related to\\nprice risk on equity investments included in AFS securities reclassified from\\naccumulated OCI are recorded in equity investment income with the underlying\\nhedged item.\\nAmounts related to foreign exchange risk recognized in accumulated OCI\\non derivatives exclude gains of $192 million related to long-term debt des-\\nignated as a net investment hedge for 2010 compared to losses of $387 mil-\\nlion for 2009 and $0 for 2008.\"},{\"bbox\":[941.3,473.5,973.0,487.3],\"lines\":[{\"bbox\":[941.3,473.5,973.0,487.3],\"text\":\"2010\"}],\"order\":3,\"text\":\"2010\"},{\"bbox\":[43.0,551.7,203.2,565.9],\"lines\":[{\"bbox\":[43.0,551.7,203.2,565.9],\"text\":\"(Dollars in millions, amounts pre-tax)\"}],\"order\":4,\"text\":\"(Dollars in millions, amounts pre-tax)\"},{\"bbox\":[40.3,573.4,470.2,673.8],\"lines\":[{\"bbox\":[42.3,573.4,311.3,594.6],\"text\":\"Derivatives designated as cash flow hedges\"},{\"bbox\":[41.8,592.5,301.6,613.0],\"text\":\"Interest rate risk on variable rate portfolios\"},{\"bbox\":[41.3,611.3,385.3,634.1],\"text\":\"Commodity price risk on forecasted purchases and sales\"},{\"bbox\":[40.8,630.1,260.9,649.5],\"text\":\"Price risk on restricted stock awards\"},{\"bbox\":[40.3,648.7,468.1,673.8],\"text\":\"Price risk on equity investments included in available-for-sale securities\"}],\"order\":5,\"text\":\"Derivatives designated as cash flow hedges\\nInterest rate risk on variable rate portfolios\\nCommodity price risk on forecasted purchases and sales\\nPrice risk on restricted stock awards\\nPrice risk on equity investments included in available-for-sale securities\"},{\"bbox\":[64.6,674.1,94.1,688.8],\"lines\":[{\"bbox\":[64.6,674.1,94.1,688.8],\"text\":\"Total\"}],\"order\":6,\"text\":\"Total\"},{\"bbox\":[38.4,698.5,181.3,734.8],\"lines\":[{\"bbox\":[38.9,698.5,181.3,716.2],\"text\":\"Net investment hedges\"},{\"bbox\":[38.4,717.5,168.9,734.4],\"text\":\"Foreign exchange risk\"}],\"order\":7,\"text\":\"Net investment 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testing.\"},{\"bbox\":[17.8,1474.2,43.3,1488.3],\"lines\":[{\"bbox\":[17.8,1474.2,43.3,1488.3],\"text\":\"160\"}],\"order\":57,\"text\":\"160\"},{\"bbox\":[61.3,1476.1,188.6,1492.1],\"lines\":[{\"bbox\":[61.3,1476.1,188.6,1492.1],\"text\":\"Bank of America 2010\"}],\"order\":58,\"text\":\"Bank of America 2010\"}],\"doc\":\"fintabnet:BAC_2010\",\"dpi\":150,\"image_px\":[1200,1538],\"layout\":[],\"markdown\":\"Cash Flow Hedges\\n\\nThe table below summarizes certain information related to the Corporation’s\\nderivatives designated as cash flow hedges and net investment hedges for\\n2010, 2009 and 2008. During the next 12 months, net losses in accumu-\\nlated OCI of approximately $1.8 billion ($1.1 billion after-tax) on derivative\\ninstruments that qualify as cash flow hedges are expected to be reclassified\\ninto earnings. These net losses reclassified into earnings are expected to\\nprimarily reduce net interest income related to the respective hedged items.\\nAmounts related to interest rate risk on variable rate portfolios reclassi-\\nfied from accumulated OCI increased interest income on assets by $144 mil-\\nlion in 2010, reduced interest income on assets by $189 million and\\n$156 million in 2009 and 2008 and increased interest expense on liabilities\\nby $554 million, $1.1 billion and $1.1 billion in 2010, 2009 and 2008,\\nrespectively. Amounts reclassified from accumulated OCI exclude amounts\\nrelated to derivative interest accruals which increased interest expense by\\n$88 million and increased interest income by $160 million for 2010 and\\n\\n2009, and increased interest expense by $73 million for 2008. Hedge\\nineffectiveness of $(14) million, $73 million and $(11) million was recorded\\nin interest income, and $(16) million, $(2) million and $4 million was recorded\\nin interest expense in 2010, 2009 and 2008.\\nAmounts related to commodity price risk reclassified from accumulated\\nOCI are recorded in trading account profits (losses) with the underlying hedged\\nitem. Amounts related to price risk on restricted stock awards reclassified\\nfrom accumulated OCI are recorded in personnel expense. Amounts related to\\nprice risk on equity investments included in AFS securities reclassified from\\naccumulated OCI are recorded in equity investment income with the underlying\\nhedged item.\\nAmounts related to foreign exchange risk recognized in accumulated OCI\\non derivatives exclude gains of $192 million related to long-term debt des-\\nignated as a net investment hedge for 2010 compared to losses of $387 mil-\\nlion for 2009 and $0 for 2008.\\n\\n2010\\n\\n(Dollars in millions, amounts pre-tax)\\n\\nDerivatives designated as cash flow hedges\\nInterest rate risk on variable rate portfolios\\nCommodity price risk on forecasted purchases and sales\\nPrice risk on restricted stock awards\\nPrice risk on equity investments included in available-for-sale securities\\n\\nTotal\\n\\nNet investment hedges\\nForeign exchange risk\\n\\nGains (losses)\\nRecognized in\\nAccumulated OCI\\non Derivatives\\n\\nGains (losses)\\nin Income\\nReclassified from\\nAccumulated OCI\\n\\nHedge\\nIneffectiveness and\\nAmounts Excluded\\nfrom Effectiveness\\nTesting (1, 2)\\n\\n$(1,876)\\n32\\n(97)\\n186\\n\\n$ (410)\\n25\\n(33)\\n(226)\\n\\n$ (30)\\n11\\n–\\n–\\n\\n$(1,755)\\n\\n$ (644)\\n\\n$ (19)\\n\\n$ (482)\\n\\n$\\n\\n–\\n\\n$(315)\\n\\n2009\\n\\nDerivatives designated as cash flow hedges\\nInterest rate risk on variable rate portfolios\\nCommodity price risk on forecasted purchases and sales\\nPrice risk on equity investments included in available-for-sale securities\\n\\nTotal\\n\\nNet investment hedges\\nForeign exchange risk\\n\\n$\\n\\n502\\n72\\n(332)\\n\\n$(1,293)\\n70\\n–\\n\\n$ 71\\n(2)\\n–\\n\\n$\\n\\n242\\n\\n$(1,223)\\n\\n$ 69\\n\\n$\\n\\n$(142)\\n\\n$(2,997)\\n\\n–\\n\\n2008\\n\\nDerivatives designated as cash flow hedges\\nInterest rate risk on variable rate portfolios\\nPrice risk on equity investments included in available-for-sale securities\\n\\nTotal\\n\\nNet investment hedges\\nForeign exchange risk\\n\\n(1)\\n\\n$\\n\\n(13)\\n243\\n\\n$(1,266)\\n–\\n\\n$\\n\\n(7)\\n–\\n\\n$\\n\\n230\\n\\n$(1,266)\\n\\n$\\n\\n(7)\\n\\n$\\n\\n$(192)\\n\\n$ 2,814\\n\\n–\\n\\nGains (losses).\\n(2)\\nAmounts related to derivatives designated as cash flow hedges represent hedge ineffectiveness and amounts related to net investment hedges represent amounts excluded from effectiveness testing.\\n\\n160\\n\\nBank of America 2010\",\"name\":\"fintabnet.BAC_2010_page_162__150dpi_medium\",\"page_id\":\"fintabnet.BAC_2010_page_162\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.556,\"source\":\"fintabnet\",\"source_id\":\"BAC_2010_page_162\",\"stack\":[{\"deg\":-1.556,\"op\":\"skew\"},{\"amp\":0.178,\"angle\":150.2,\"blob\":0.75,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.902},{\"op\":\"noise\",\"sigma\":5.484},{\"gain\":0.677,\"op\":\"contrast\"},{\"offset\":0.013,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[28.8,446.0,1138.0,1113.5],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,42,43,44,45,46,47,48,49,50,51,52,53,54,55],\"cells\":null}],\"text\":\"Cash Flow Hedges\\n\\nThe table below summarizes certain information related to the Corporation’s\\nderivatives designated as cash flow hedges and net investment hedges for\\n2010, 2009 and 2008. During the next 12 months, net losses in accumu-\\nlated OCI of approximately $1.8 billion ($1.1 billion after-tax) on derivative\\ninstruments that qualify as cash flow hedges are expected to be reclassified\\ninto earnings. These net losses reclassified into earnings are expected to\\nprimarily reduce net interest income related to the respective hedged items.\\nAmounts related to interest rate risk on variable rate portfolios reclassi-\\nfied from accumulated OCI increased interest income on assets by $144 mil-\\nlion in 2010, reduced interest income on assets by $189 million and\\n$156 million in 2009 and 2008 and increased interest expense on liabilities\\nby $554 million, $1.1 billion and $1.1 billion in 2010, 2009 and 2008,\\nrespectively. Amounts reclassified from accumulated OCI exclude amounts\\nrelated to derivative interest accruals which increased interest expense by\\n$88 million and increased interest income by $160 million for 2010 and\\n\\n2009, and increased interest expense by $73 million for 2008. Hedge\\nineffectiveness of $(14) million, $73 million and $(11) million was recorded\\nin interest income, and $(16) million, $(2) million and $4 million was recorded\\nin interest expense in 2010, 2009 and 2008.\\nAmounts related to commodity price risk reclassified from accumulated\\nOCI are recorded in trading account profits (losses) with the underlying hedged\\nitem. Amounts related to price risk on restricted stock awards reclassified\\nfrom accumulated OCI are recorded in personnel expense. Amounts related to\\nprice risk on equity investments included in AFS securities reclassified from\\naccumulated OCI are recorded in equity investment income with the underlying\\nhedged item.\\nAmounts related to foreign exchange risk recognized in accumulated OCI\\non derivatives exclude gains of $192 million related to long-term debt des-\\nignated as a net investment hedge for 2010 compared to losses of $387 mil-\\nlion for 2009 and $0 for 2008.\\n\\n2010\\n\\n(Dollars in millions, amounts pre-tax)\\n\\nDerivatives designated as cash flow hedges\\nInterest rate risk on variable rate portfolios\\nCommodity price risk on forecasted purchases and sales\\nPrice risk on restricted stock awards\\nPrice risk on equity investments included in available-for-sale securities\\n\\nTotal\\n\\nNet investment hedges\\nForeign exchange risk\\n\\nGains (losses)\\nRecognized in\\nAccumulated OCI\\non Derivatives\\n\\nGains (losses)\\nin Income\\nReclassified from\\nAccumulated OCI\\n\\nHedge\\nIneffectiveness and\\nAmounts Excluded\\nfrom Effectiveness\\nTesting (1, 2)\\n\\n$(1,876)\\n32\\n(97)\\n186\\n\\n$ (410)\\n25\\n(33)\\n(226)\\n\\n$ (30)\\n11\\n–\\n–\\n\\n$(1,755)\\n\\n$ (644)\\n\\n$ (19)\\n\\n$ (482)\\n\\n$\\n\\n–\\n\\n$(315)\\n\\n2009\\n\\nDerivatives designated as cash flow hedges\\nInterest rate risk on variable rate portfolios\\nCommodity price risk on forecasted purchases and sales\\nPrice risk on equity investments included in available-for-sale securities\\n\\nTotal\\n\\nNet investment hedges\\nForeign exchange risk\\n\\n$\\n\\n502\\n72\\n(332)\\n\\n$(1,293)\\n70\\n–\\n\\n$ 71\\n(2)\\n–\\n\\n$\\n\\n242\\n\\n$(1,223)\\n\\n$ 69\\n\\n$\\n\\n$(142)\\n\\n$(2,997)\\n\\n–\\n\\n2008\\n\\nDerivatives designated as cash flow hedges\\nInterest rate risk on variable rate portfolios\\nPrice risk on equity investments included in available-for-sale securities\\n\\nTotal\\n\\nNet investment hedges\\nForeign exchange risk\\n\\n(1)\\n\\n$\\n\\n(13)\\n243\\n\\n$(1,266)\\n–\\n\\n$\\n\\n(7)\\n–\\n\\n$\\n\\n230\\n\\n$(1,266)\\n\\n$\\n\\n(7)\\n\\n$\\n\\n$(192)\\n\\n$ 2,814\\n\\n–\\n\\nGains (losses).\\n(2)\\nAmounts related to derivatives designated as cash flow hedges represent hedge ineffectiveness and amounts related to net investment hedges represent amounts excluded from effectiveness testing.\\n\\n160\\n\\nBank of America 2010\"},\"name\":\"fintabnet.BAC_2010_page_162__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":29576,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:BAC_2010\",\"dpi\":150,\"gt_sha256\":\"3db12690d84f323873519bec0e4021e0796bf3bedc71a86da3b2d0d583571533\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.BAC_2010_page_162__150dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.BAC_2010_page_162\",\"pdf_sha256\":\"5668e750eb244242bb6fb36e2a6315cc70205f26d60b7415db788a0dc78421c6\",\"px\":[1200,1538],\"scan\":{\"render\":\"60e07ffe7ffefffe7f00001ef810e016f800e01efc18e1fa0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"BAC_2010_page_162\",\"src\":{\"file_sha256\":\"2d40f7829a6639ccdd533d9f39acb19e191c9973a0449c88771d38077b418144\",\"render\":\"4012fffe7ffefffe7600003ef014fffe7018fffefc3eee780000000000000000\",\"text\":\"f57c392fe8c9ce080136c9fc477837e9134a305dd2107e82c775e68e5e78815c\"},\"stack\":[{\"deg\":-1.556,\"op\":\"skew\"},{\"amp\":0.178,\"angle\":150.2,\"blob\":0.75,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.902},{\"op\":\"noise\",\"sigma\":5.484},{\"gain\":0.677,\"op\":\"contrast\"},{\"offset\":0.013,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"5668e750eb244242bb6fb36e2a6315cc70205f26d60b7415db788a0dc78421c6\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/5668e750eb244242bb6fb36e2a6315cc70205f26d60b7415db788a0dc78421c6.pdf","asset_sha256":"5668e750eb244242bb6fb36e2a6315cc70205f26d60b7415db788a0dc78421c6","document_id":"fintabnet:BAC_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BAC_2010_page_162\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BAC_2010_page_225\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:BAC_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[51.0,16.3,307.1,57.8],\"lines\":[{\"bbox\":[64.0,16.8,307.1,35.8],\"text\":\"Income tax expense (benefit) for 2010, 2009 and 2008 varied from the\"},{\"bbox\":[51.5,27.2,306.6,46.8],\"text\":\"amount computed by applying the statutory income tax rate to income (loss)\"},{\"bbox\":[51.0,38.2,306.0,57.8],\"text\":\"before income taxes. A reconciliation between the expected U.S. federal\"}],\"order\":0,\"text\":\"Income tax expense (benefit) for 2010, 2009 and 2008 varied from the\\namount computed by applying the statutory income tax rate to income (loss)\\nbefore income taxes. A reconciliation between the expected U.S. federal\"},{\"bbox\":[317.7,28.8,573.8,70.4],\"lines\":[{\"bbox\":[318.7,28.8,573.8,48.4],\"text\":\"income tax expense using the federal statutory tax rate of 35 percent to the\"},{\"bbox\":[318.2,39.8,573.3,59.4],\"text\":\"Corporation’s actual income tax expense (benefit) and resulting effective tax\"},{\"bbox\":[317.7,50.8,532.7,68.5],\"text\":\"rate for 2010, 2009 and 2008 is presented in the table below.\"}],\"order\":1,\"text\":\"income tax expense using the federal statutory tax rate of 35 percent to the\\nCorporation’s actual income tax expense (benefit) and resulting effective tax\\nrate for 2010, 2009 and 2008 is presented in the table below.\"},{\"bbox\":[392.7,83.9,407.9,90.9],\"lines\":[{\"bbox\":[392.7,83.9,407.9,90.9],\"text\":\"2010\"}],\"order\":2,\"text\":\"2010\"},{\"bbox\":[49.1,80.9,89.5,87.5],\"lines\":[{\"bbox\":[49.1,80.9,89.5,87.5],\"text\":\"(Dollars in millions)\"}],\"order\":3,\"text\":\"(Dollars in millions)\"},{\"bbox\":[374.0,95.0,396.0,102.3],\"lines\":[{\"bbox\":[374.0,95.0,396.0,102.3],\"text\":\"Amount\"}],\"order\":4,\"text\":\"Amount\"},{\"bbox\":[43.0,91.5,225.0,223.2],\"lines\":[{\"bbox\":[48.5,91.5,196.7,104.9],\"text\":\"Expected U.S. federal income tax expense (benefit)\"},{\"bbox\":[48.1,100.5,174.3,112.9],\"text\":\"Increase (decrease) in taxes resulting from:\"},{\"bbox\":[59.7,110.0,200.0,123.1],\"text\":\"State tax expense (benefit), net of federal effect\"},{\"bbox\":[59.2,119.0,147.9,129.7],\"text\":\"Goodwill impairment and other\"},{\"bbox\":[58.8,128.1,153.5,138.9],\"text\":\"U.K. corporate tax rate reduction\"},{\"bbox\":[58.4,137.1,129.4,146.8],\"text\":\"Nondeductible expenses\"},{\"bbox\":[58.0,146.1,149.0,156.8],\"text\":\"Leveraged lease tax differential\"},{\"bbox\":[57.6,155.0,222.0,169.2],\"text\":\"Change in federal deferred tax asset valuation allowance\"},{\"bbox\":[57.1,164.0,170.5,175.8],\"text\":\"Tax-exempt income, including dividends\"},{\"bbox\":[56.7,173.0,177.1,185.1],\"text\":\"Low income housing credits/other credits\"},{\"bbox\":[56.3,182.0,125.2,191.7],\"text\":\"Non-U.S. tax differential\"},{\"bbox\":[55.9,191.0,195.8,204.0],\"text\":\"Changes in prior period UTBs (including interest)\"},{\"bbox\":[55.4,200.0,176.4,212.1],\"text\":\"Loss on certain non-U.S. subsidiary stock\"},{\"bbox\":[55.0,209.0,71.0,216.2],\"text\":\"Other\"}],\"order\":5,\"text\":\"Expected U.S. federal income tax expense (benefit)\\nIncrease (decrease) in taxes resulting from:\\nState tax expense (benefit), net of federal effect\\nGoodwill impairment and other\\nU.K. corporate tax rate reduction\\nNondeductible expenses\\nLeveraged lease tax differential\\nChange in federal deferred tax asset valuation allowance\\nTax-exempt income, including dividends\\nLow income housing credits/other credits\\nNon-U.S. tax differential\\nChanges in prior period UTBs (including interest)\\nLoss on certain non-U.S. subsidiary stock\\nOther\"},{\"bbox\":[371.5,106.6,397.6,114.5],\"lines\":[{\"bbox\":[371.5,106.6,397.6,114.5],\"text\":\"$ (463)\"}],\"order\":6,\"text\":\"$ (463)\"},{\"bbox\":[66.4,221.4,168.5,232.8],\"lines\":[{\"bbox\":[66.4,221.4,168.5,232.8],\"text\":\"Total income tax expense (benefit)\"}],\"order\":7,\"text\":\"Total income tax expense (benefit)\"},{\"bbox\":[465.5,87.5,480.6,94.3],\"lines\":[{\"bbox\":[465.5,87.5,480.6,94.3],\"text\":\"2009\"}],\"order\":8,\"text\":\"2009\"},{\"bbox\":[406.2,96.5,427.3,103.8],\"lines\":[{\"bbox\":[406.2,96.5,427.3,103.8],\"text\":\"Percent\"}],\"order\":9,\"text\":\"Percent\"},{\"bbox\":[537.2,90.9,552.4,97.6],\"lines\":[{\"bbox\":[537.2,90.9,552.4,97.6],\"text\":\"2008\"}],\"order\":10,\"text\":\"2008\"},{\"bbox\":[448.5,98.7,469.3,105.7],\"lines\":[{\"bbox\":[448.5,98.7,469.3,105.7],\"text\":\"Amount\"}],\"order\":11,\"text\":\"Amount\"},{\"bbox\":[479.4,100.2,500.0,107.1],\"lines\":[{\"bbox\":[479.4,100.2,500.0,107.1],\"text\":\"Percent\"}],\"order\":12,\"text\":\"Percent\"},{\"bbox\":[519.3,102.1,539.9,109.0],\"lines\":[{\"bbox\":[519.3,102.1,539.9,109.0],\"text\":\"Amount\"}],\"order\":13,\"text\":\"Amount\"},{\"bbox\":[550.2,103.5,570.8,110.5],\"lines\":[{\"bbox\":[550.2,103.5,570.8,110.5],\"text\":\"Percent\"}],\"order\":14,\"text\":\"Percent\"},{\"bbox\":[412.9,108.5,432.1,116.1],\"lines\":[{\"bbox\":[412.9,108.5,432.1,116.1],\"text\":\"35.0%\"}],\"order\":15,\"text\":\"35.0%\"},{\"bbox\":[444.5,110.2,468.7,117.8],\"lines\":[{\"bbox\":[444.5,110.2,468.7,117.8],\"text\":\"$ 1,526\"}],\"order\":16,\"text\":\"$ 1,526\"},{\"bbox\":[485.2,112.1,504.3,119.5],\"lines\":[{\"bbox\":[485.2,112.1,504.3,119.5],\"text\":\"35.0%\"}],\"order\":17,\"text\":\"35.0%\"},{\"bbox\":[517.2,113.6,539.4,121.1],\"lines\":[{\"bbox\":[517.2,113.6,539.4,121.1],\"text\":\"$1,550\"}],\"order\":18,\"text\":\"$1,550\"},{\"bbox\":[556.0,115.5,575.0,122.8],\"lines\":[{\"bbox\":[556.0,115.5,575.0,122.8],\"text\":\"35.0%\"}],\"order\":19,\"text\":\"35.0%\"},{\"bbox\":[370.0,124.7,396.8,231.4],\"lines\":[{\"bbox\":[382.3,125.1,394.7,132.3],\"text\":\"233\"},{\"bbox\":[376.3,133.8,394.3,141.3],\"text\":\"4,508\"},{\"bbox\":[381.5,143.1,393.8,150.3],\"text\":\"392\"},{\"bbox\":[385.0,152.3,393.5,159.3],\"text\":\"99\"},{\"bbox\":[384.6,161.3,393.1,168.3],\"text\":\"98\"},{\"bbox\":[372.6,169.7,394.6,177.4],\"text\":\"(1,657)\"},{\"bbox\":[377.8,179.0,394.2,186.4],\"text\":\"(981)\"},{\"bbox\":[377.3,188.0,393.8,195.4],\"text\":\"(732)\"},{\"bbox\":[376.9,197.0,393.3,204.4],\"text\":\"(190)\"},{\"bbox\":[376.5,205.9,392.9,213.3],\"text\":\"(349)\"},{\"bbox\":[386.7,215.4,390.5,222.3],\"text\":\"–\"},{\"bbox\":[379.6,224.1,392.1,231.4],\"text\":\"(43)\"}],\"order\":20,\"text\":\"233\\n4,508\\n392\\n99\\n98\\n(1,657)\\n(981)\\n(732)\\n(190)\\n(349)\\n–\\n(43)\"},{\"bbox\":[401.3,126.2,428.1,232.8],\"lines\":[{\"bbox\":[410.0,126.4,428.1,133.9],\"text\":\"(17.6)\"},{\"bbox\":[405.6,135.2,427.6,142.9],\"text\":\"(341.0)\"},{\"bbox\":[409.1,144.4,427.3,151.9],\"text\":\"(29.7)\"},{\"bbox\":[412.7,153.6,426.8,160.9],\"text\":\"(7.5)\"},{\"bbox\":[412.2,162.6,426.4,169.9],\"text\":\"(7.4)\"},{\"bbox\":[405.9,171.3,423.9,178.8],\"text\":\"125.4\"},{\"bbox\":[409.5,180.5,423.5,187.8],\"text\":\"74.2\"},{\"bbox\":[409.0,189.5,423.1,196.8],\"text\":\"55.4\"},{\"bbox\":[408.6,198.5,422.7,205.8],\"text\":\"14.4\"},{\"bbox\":[408.2,207.4,422.3,214.7],\"text\":\"26.4\"},{\"bbox\":[418.0,216.9,421.8,223.7],\"text\":\"–\"},{\"bbox\":[411.3,225.6,421.3,232.7],\"text\":\"3.2\"}],\"order\":21,\"text\":\"(17.6)\\n(341.0)\\n(29.7)\\n(7.5)\\n(7.4)\\n125.4\\n74.2\\n55.4\\n14.4\\n26.4\\n–\\n3.2\"},{\"bbox\":[448.9,128.6,470.0,234.8],\"lines\":[{\"bbox\":[457.6,128.8,469.9,135.8],\"text\":\"(42)\"},{\"bbox\":[463.9,138.1,467.5,144.7],\"text\":\"–\"},{\"bbox\":[463.4,147.1,467.1,153.8],\"text\":\"–\"},{\"bbox\":[458.3,155.9,466.7,162.8],\"text\":\"69\"},{\"bbox\":[457.8,164.9,466.2,171.8],\"text\":\"59\"},{\"bbox\":[451.5,173.6,467.8,180.8],\"text\":\"(650)\"},{\"bbox\":[451.0,182.6,467.4,189.8],\"text\":\"(863)\"},{\"bbox\":[450.6,191.6,467.0,198.8],\"text\":\"(668)\"},{\"bbox\":[450.2,200.6,466.6,207.8],\"text\":\"(709)\"},{\"bbox\":[455.7,209.8,464.1,216.7],\"text\":\"87\"},{\"bbox\":[449.3,218.6,465.7,225.8],\"text\":\"(595)\"},{\"bbox\":[448.9,227.6,465.3,234.8],\"text\":\"(130)\"}],\"order\":22,\"text\":\"(42)\\n–\\n–\\n69\\n59\\n(650)\\n(863)\\n(668)\\n(709)\\n87\\n(595)\\n(130)\"},{\"bbox\":[477.7,130.0,500.7,236.2],\"lines\":[{\"bbox\":[486.4,130.2,500.7,137.3],\"text\":\"(1.0)\"},{\"bbox\":[494.6,139.6,498.3,146.2],\"text\":\"–\"},{\"bbox\":[494.2,148.6,497.9,155.2],\"text\":\"–\"},{\"bbox\":[487.1,157.3,497.3,164.2],\"text\":\"1.6\"},{\"bbox\":[486.7,166.3,496.9,173.2],\"text\":\"1.4\"},{\"bbox\":[480.3,175.0,498.5,182.2],\"text\":\"(14.9)\"},{\"bbox\":[479.9,184.0,498.1,191.3],\"text\":\"(19.8)\"},{\"bbox\":[479.4,193.0,497.6,200.3],\"text\":\"(15.3)\"},{\"bbox\":[479.0,202.0,497.2,209.3],\"text\":\"(16.3)\"},{\"bbox\":[484.5,211.2,494.8,218.1],\"text\":\"2.0\"},{\"bbox\":[478.2,219.9,496.4,227.2],\"text\":\"(13.7)\"},{\"bbox\":[481.7,229.1,496.1,236.2],\"text\":\"(3.0)\"}],\"order\":23,\"text\":\"(1.0)\\n–\\n–\\n1.6\\n1.4\\n(14.9)\\n(19.8)\\n(15.3)\\n(16.3)\\n2.0\\n(13.7)\\n(3.0)\"},{\"bbox\":[519.7,132.0,540.7,238.1],\"lines\":[{\"bbox\":[530.3,132.3,538.7,139.1],\"text\":\"27\"},{\"bbox\":[534.6,141.5,538.3,148.1],\"text\":\"–\"},{\"bbox\":[534.2,150.5,537.8,157.1],\"text\":\"–\"},{\"bbox\":[529.0,159.3,537.4,166.1],\"text\":\"79\"},{\"bbox\":[524.6,168.1,536.9,175.1],\"text\":\"216\"},{\"bbox\":[532.9,177.4,536.6,184.0],\"text\":\"–\"},{\"bbox\":[521.8,185.9,538.1,193.1],\"text\":\"(631)\"},{\"bbox\":[521.4,194.9,537.7,202.1],\"text\":\"(722)\"},{\"bbox\":[521.0,204.0,537.3,211.2],\"text\":\"(192)\"},{\"bbox\":[522.5,213.0,534.8,220.0],\"text\":\"169\"},{\"bbox\":[530.8,222.4,534.5,229.0],\"text\":\"–\"},{\"bbox\":[523.7,231.1,535.9,238.1],\"text\":\"(76)\"}],\"order\":24,\"text\":\"27\\n–\\n–\\n79\\n216\\n–\\n(631)\\n(722)\\n(192)\\n169\\n–\\n(76)\"},{\"bbox\":[548.5,133.3,571.4,239.6],\"lines\":[{\"bbox\":[559.1,133.6,569.3,140.5],\"text\":\"0.6\"},{\"bbox\":[565.4,142.9,569.1,149.5],\"text\":\"–\"},{\"bbox\":[565.0,151.9,568.6,158.5],\"text\":\"–\"},{\"bbox\":[557.8,160.6,568.0,167.5],\"text\":\"1.8\"},{\"bbox\":[557.4,169.6,567.6,176.5],\"text\":\"4.9\"},{\"bbox\":[563.7,178.9,567.4,185.5],\"text\":\"–\"},{\"bbox\":[550.6,187.3,568.8,194.6],\"text\":\"(14.3)\"},{\"bbox\":[550.2,196.3,568.4,203.6],\"text\":\"(16.3)\"},{\"bbox\":[553.8,205.5,568.0,212.6],\"text\":\"(4.3)\"},{\"bbox\":[555.3,214.5,565.5,221.4],\"text\":\"3.8\"},{\"bbox\":[561.6,223.9,565.3,230.5],\"text\":\"–\"},{\"bbox\":[552.5,232.5,566.8,239.6],\"text\":\"(1.7)\"}],\"order\":25,\"text\":\"0.6\\n–\\n–\\n1.8\\n4.9\\n–\\n(14.3)\\n(16.3)\\n(4.3)\\n3.8\\n–\\n(1.7)\"},{\"bbox\":[365.4,235.5,389.4,243.3],\"lines\":[{\"bbox\":[365.4,235.5,389.4,243.3],\"text\":\"$ 915\"}],\"order\":26,\"text\":\"$ 915\"},{\"bbox\":[404.7,237.3,428.3,245.1],\"lines\":[{\"bbox\":[404.7,237.3,428.3,245.1],\"text\":\"(69.2)%\"}],\"order\":27,\"text\":\"(69.2)%\"},{\"bbox\":[438.4,239.1,464.7,246.8],\"lines\":[{\"bbox\":[438.4,239.1,464.7,246.8],\"text\":\"$(1,916)\"}],\"order\":28,\"text\":\"$(1,916)\"},{\"bbox\":[477.2,240.9,500.1,248.4],\"lines\":[{\"bbox\":[477.2,240.9,500.1,248.4],\"text\":\"(44.0)%\"}],\"order\":29,\"text\":\"(44.0)%\"},{\"bbox\":[511.1,242.5,533.3,250.0],\"lines\":[{\"bbox\":[511.1,242.5,533.3,250.0],\"text\":\"$ 420\"}],\"order\":30,\"text\":\"$ 420\"},{\"bbox\":[553.8,244.6,568.8,251.7],\"lines\":[{\"bbox\":[553.8,244.6,568.8,251.7],\"text\":\"9.5%\"}],\"order\":31,\"text\":\"9.5%\"},{\"bbox\":[53.4,241.1,493.1,269.3],\"lines\":[{\"bbox\":[53.4,241.1,493.1,269.3],\"text\":\"The reconciliation of the beginning unrecognized tax benefits (UTB) balance to the ending balance is presented in the table below.\"}],\"order\":32,\"text\":\"The reconciliation of the beginning unrecognized tax benefits (UTB) balance to the ending balance is presented in the table below.\"},{\"bbox\":[40.3,264.6,275.1,283.7],\"lines\":[{\"bbox\":[40.3,264.6,275.1,283.7],\"text\":\"Reconciliation of the Change in Unrecognized Tax Benefits\"}],\"order\":33,\"text\":\"Reconciliation of the Change in Unrecognized Tax Benefits\"},{\"bbox\":[39.6,282.2,80.0,288.8],\"lines\":[{\"bbox\":[39.6,282.2,80.0,288.8],\"text\":\"(Dollars in millions)\"}],\"order\":34,\"text\":\"(Dollars in millions)\"},{\"bbox\":[36.5,292.6,223.2,361.9],\"lines\":[{\"bbox\":[39.0,292.6,93.8,301.8],\"text\":\"Beginning balance\"},{\"bbox\":[50.6,302.4,207.9,316.2],\"text\":\"Increases related to positions taken during prior years\"},{\"bbox\":[50.2,311.4,222.4,325.9],\"text\":\"Increases related to positions taken during the current year\"},{\"bbox\":[49.7,320.4,215.5,334.6],\"text\":\"Positions acquired or assumed in business combinations\"},{\"bbox\":[49.3,329.3,209.3,343.3],\"text\":\"Decreases related to positions taken during prior years\"},{\"bbox\":[48.9,338.3,84.2,346.4],\"text\":\"Settlements\"},{\"bbox\":[48.5,347.3,146.5,358.4],\"text\":\"Expiration of statute of limitations\"}],\"order\":35,\"text\":\"Beginning balance\\nIncreases related to positions taken during prior years\\nIncreases related to positions taken during the current year\\nPositions acquired or assumed in business combinations\\nDecreases related to positions taken during prior years\\nSettlements\\nExpiration of statute of limitations\"},{\"bbox\":[59.9,359.7,105.5,368.5],\"lines\":[{\"bbox\":[59.9,359.7,105.5,368.5],\"text\":\"Ending balance\"}],\"order\":36,\"text\":\"Ending balance\"},{\"bbox\":[29.2,378.8,290.0,519.2],\"lines\":[{\"bbox\":[46.9,379.4,290.0,398.3],\"text\":\"At December 31, 2010, 2009 and 2008, the balance of the Corporation’s\"},{\"bbox\":[34.4,389.8,289.5,409.3],\"text\":\"UTBs which would, if recognized, affect the Corporation’s effective tax rate\"},{\"bbox\":[33.9,400.8,289.0,420.3],\"text\":\"was $3.4 billion, $4.0 billion and $2.6 billion, respectively. Included in the UTB\"},{\"bbox\":[33.3,411.8,288.4,431.3],\"text\":\"balance are some items the recognition of which would not affect the effective\"},{\"bbox\":[32.8,422.8,287.9,442.3],\"text\":\"tax rate, such as the tax effect of certain temporary differences, the portion of\"},{\"bbox\":[32.3,433.7,287.3,453.3],\"text\":\"gross state UTBs that would be offset by the tax benefit of the associated\"},{\"bbox\":[31.8,444.7,286.8,464.3],\"text\":\"federal deduction and the portion of gross non-U.S. UTBs that would be offset\"},{\"bbox\":[31.3,455.7,162.5,469.4],\"text\":\"by tax reductions in other jurisdictions.\"},{\"bbox\":[42.7,467.3,285.9,486.2],\"text\":\"The Corporation is under examination by the IRS and other tax authorities\"},{\"bbox\":[30.2,477.7,285.3,497.2],\"text\":\"in countries and states in which it has significant business operations. The\"},{\"bbox\":[29.7,488.7,284.8,508.2],\"text\":\"table below summarizes the status of significant examinations for the Cor-\"},{\"bbox\":[29.2,499.7,266.9,518.4],\"text\":\"poration and various acquired subsidiaries as of December 31, 2010.\"}],\"order\":37,\"text\":\"At December 31, 2010, 2009 and 2008, the balance of the Corporation’s\\nUTBs which would, if recognized, affect the Corporation’s effective tax rate\\nwas $3.4 billion, $4.0 billion and $2.6 billion, respectively. Included in the UTB\\nbalance are some items the recognition of which would not affect the effective\\ntax rate, such as the tax effect of certain temporary differences, the portion of\\ngross state UTBs that would be offset by the tax benefit of the associated\\nfederal deduction and the portion of gross non-U.S. UTBs that would be offset\\nby tax reductions in other jurisdictions.\\nThe Corporation is under examination by the IRS and other tax authorities\\nin countries and states in which it has significant business operations. The\\ntable below summarizes the status of significant examinations for the Cor-\\nporation and various acquired subsidiaries as of December 31, 2010.\"},{\"bbox\":[22.6,557.4,142.3,651.8],\"lines\":[{\"bbox\":[26.5,557.4,136.1,570.5],\"text\":\"Bank of America Corporation – U.S. (2)\"},{\"bbox\":[26.0,568.0,127.7,579.2],\"text\":\"Bank of America Corporation – U.S.\"},{\"bbox\":[25.6,577.0,141.3,588.9],\"text\":\"Bank of America Corporation – New York\"},{\"bbox\":[25.2,586.0,80.5,595.0],\"text\":\"Merrill Lynch – U.S.\"},{\"bbox\":[24.8,594.9,80.1,604.0],\"text\":\"Merrill Lynch – U.S.\"},{\"bbox\":[24.3,603.9,79.7,613.0],\"text\":\"Merrill Lynch – U.K.\"},{\"bbox\":[23.9,612.9,83.9,622.2],\"text\":\"Merrill Lynch – Japan\"},{\"bbox\":[23.5,621.9,93.0,631.6],\"text\":\"Merrill Lynch – New York\"},{\"bbox\":[23.1,630.9,76.1,639.9],\"text\":\"FleetBoston – U.S.\"},{\"bbox\":[22.6,639.9,62.7,648.2],\"text\":\"LaSalle – U.S.\"}],\"order\":38,\"text\":\"Bank of America Corporation – U.S. (2)\\nBank of America Corporation – U.S.\\nBank of America Corporation – New York\\nMerrill Lynch – U.S.\\nMerrill Lynch – U.S.\\nMerrill Lynch – U.K.\\nMerrill Lynch – Japan\\nMerrill Lynch – New York\\nFleetBoston – U.S.\\nLaSalle – U.S.\"},{\"bbox\":[22.2,651.1,27.1,654.8],\"lines\":[{\"bbox\":[22.2,651.1,27.1,654.8],\"text\":\"(1)\"}],\"order\":39,\"text\":\"(1)\"},{\"bbox\":[21.9,658.6,26.8,662.2],\"lines\":[{\"bbox\":[21.9,658.6,26.8,662.2],\"text\":\"(2)\"}],\"order\":40,\"text\":\"(2)\"},{\"bbox\":[173.0,545.1,215.4,562.3],\"lines\":[{\"bbox\":[182.4,545.5,215.4,553.3],\"text\":\"Years under\"},{\"bbox\":[173.0,552.5,215.0,562.3],\"text\":\"examination (1)\"}],\"order\":41,\"text\":\"Years under\\nexamination (1)\"},{\"bbox\":[242.5,539.3,283.0,565.4],\"lines\":[{\"bbox\":[257.6,540.0,283.0,547.4],\"text\":\"Status at\"},{\"bbox\":[242.9,548.3,282.4,556.4],\"text\":\"December 31,\"},{\"bbox\":[266.8,558.5,282.1,565.4],\"text\":\"2010\"}],\"order\":42,\"text\":\"Status at\\nDecember 31,\\n2010\"},{\"bbox\":[170.2,565.9,212.7,655.1],\"lines\":[{\"bbox\":[174.0,565.9,212.7,574.2],\"text\":\"2001 – 2004\"},{\"bbox\":[173.6,574.9,212.3,583.2],\"text\":\"2005 – 2009\"},{\"bbox\":[173.2,583.9,211.9,592.2],\"text\":\"1999 – 2004\"},{\"bbox\":[195.1,594.0,211.5,601.2],\"text\":\"2004\"},{\"bbox\":[172.3,601.9,211.0,610.1],\"text\":\"2005 – 2008\"},{\"bbox\":[194.3,611.9,210.6,619.1],\"text\":\"2008\"},{\"bbox\":[171.5,619.9,210.2,628.1],\"text\":\"2007 – 2009\"},{\"bbox\":[171.1,628.9,209.7,637.1],\"text\":\"2007 – 2008\"},{\"bbox\":[170.6,637.9,209.3,646.2],\"text\":\"1997 – 2004\"},{\"bbox\":[170.2,646.8,208.9,655.1],\"text\":\"2006 – 2007\"}],\"order\":43,\"text\":\"2001 – 2004\\n2005 – 2009\\n1999 – 2004\\n2004\\n2005 – 2008\\n2008\\n2007 – 2009\\n2007 – 2008\\n1997 – 2004\\n2006 – 2007\"},{\"bbox\":[222.1,568.4,281.5,658.3],\"lines\":[{\"bbox\":[226.0,568.4,281.5,577.4],\"text\":\"In Appeals process\"},{\"bbox\":[230.5,577.6,281.0,586.4],\"text\":\"Field examination\"},{\"bbox\":[230.1,586.6,280.6,595.4],\"text\":\"Field examination\"},{\"bbox\":[224.7,595.4,280.2,604.4],\"text\":\"In Appeals process\"},{\"bbox\":[229.2,604.6,279.7,613.4],\"text\":\"Field examination\"},{\"bbox\":[228.8,613.6,279.3,622.4],\"text\":\"Field examination\"},{\"bbox\":[228.4,622.6,278.9,631.4],\"text\":\"Field examination\"},{\"bbox\":[228.0,631.6,278.5,640.4],\"text\":\"Field examination\"},{\"bbox\":[222.6,640.3,278.1,649.4],\"text\":\"In Appeals process\"},{\"bbox\":[227.1,649.5,277.6,658.3],\"text\":\"Field examination\"}],\"order\":44,\"text\":\"In Appeals process\\nField examination\\nField examination\\nIn Appeals process\\nField examination\\nField examination\\nField examination\\nField examination\\nIn Appeals process\\nField examination\"},{\"bbox\":[481.2,301.9,496.4,308.8],\"lines\":[{\"bbox\":[481.2,301.9,496.4,308.8],\"text\":\"2010\"}],\"order\":45,\"text\":\"2010\"},{\"bbox\":[513.6,303.6,528.8,310.3],\"lines\":[{\"bbox\":[513.6,303.6,528.8,310.3],\"text\":\"2009\"}],\"order\":46,\"text\":\"2009\"},{\"bbox\":[546.1,305.1,561.2,311.8],\"lines\":[{\"bbox\":[546.1,305.1,561.2,311.8],\"text\":\"2008\"}],\"order\":47,\"text\":\"2008\"},{\"bbox\":[471.3,313.1,498.1,374.9],\"lines\":[{\"bbox\":[473.8,313.1,495.8,320.8],\"text\":\"$5,253\"},{\"bbox\":[483.1,322.6,495.4,329.8],\"text\":\"755\"},{\"bbox\":[482.6,331.6,495.0,338.8],\"text\":\"172\"},{\"bbox\":[490.8,341.0,494.6,347.8],\"text\":\"–\"},{\"bbox\":[479.8,349.5,496.3,356.9],\"text\":\"(657)\"},{\"bbox\":[479.4,358.5,495.8,365.9],\"text\":\"(305)\"},{\"bbox\":[482.9,367.7,495.5,374.9],\"text\":\"(49)\"}],\"order\":48,\"text\":\"$5,253\\n755\\n172\\n–\\n(657)\\n(305)\\n(49)\"},{\"bbox\":[503.4,314.8,530.3,376.4],\"lines\":[{\"bbox\":[506.0,314.8,528.2,322.3],\"text\":\"$3,541\"},{\"bbox\":[515.5,324.3,527.8,331.3],\"text\":\"791\"},{\"bbox\":[515.1,333.3,527.4,340.3],\"text\":\"181\"},{\"bbox\":[508.8,342.0,527.0,349.3],\"text\":\"1,924\"},{\"bbox\":[512.3,351.2,528.6,358.4],\"text\":\"(554)\"},{\"bbox\":[511.9,360.2,528.2,367.4],\"text\":\"(615)\"},{\"bbox\":[515.4,369.4,527.7,376.4],\"text\":\"(15)\"}],\"order\":49,\"text\":\"$3,541\\n791\\n181\\n1,924\\n(554)\\n(615)\\n(15)\"},{\"bbox\":[535.9,316.4,562.8,377.9],\"lines\":[{\"bbox\":[538.4,316.4,560.7,323.8],\"text\":\"$3,095\"},{\"bbox\":[548.0,325.8,560.3,332.8],\"text\":\"688\"},{\"bbox\":[547.5,334.8,559.8,341.8],\"text\":\"241\"},{\"bbox\":[547.1,343.8,559.4,350.8],\"text\":\"169\"},{\"bbox\":[544.8,352.7,561.1,359.9],\"text\":\"(371)\"},{\"bbox\":[544.3,361.7,560.7,368.9],\"text\":\"(209)\"},{\"bbox\":[547.9,370.9,560.1,377.9],\"text\":\"(72)\"}],\"order\":50,\"text\":\"$3,095\\n688\\n241\\n169\\n(371)\\n(209)\\n(72)\"},{\"bbox\":[470.7,379.1,492.7,386.8],\"lines\":[{\"bbox\":[470.7,379.1,492.7,386.8],\"text\":\"$5,169\"}],\"order\":51,\"text\":\"$5,169\"},{\"bbox\":[502.9,380.8,525.1,388.3],\"lines\":[{\"bbox\":[502.9,380.8,525.1,388.3],\"text\":\"$5,253\"}],\"order\":52,\"text\":\"$5,253\"},{\"bbox\":[535.3,382.3,557.6,389.8],\"lines\":[{\"bbox\":[535.3,382.3,557.6,389.8],\"text\":\"$3,541\"}],\"order\":53,\"text\":\"$3,541\"},{\"bbox\":[289.2,391.4,556.8,674.7],\"lines\":[{\"bbox\":[313.6,392.0,556.7,410.9],\"text\":\"In addition to the above examinations, the Corporation is in the process of\"},{\"bbox\":[301.1,402.4,556.2,421.9],\"text\":\"appealing an adverse decision by the U.S. Tax Court with respect to a 1987\"},{\"bbox\":[300.6,413.4,555.6,432.9],\"text\":\"Merrill Lynch transaction. The income tax associated with this matter has\"},{\"bbox\":[300.1,424.4,492.9,441.0],\"text\":\"been remitted and is included in the UTB balance above.\"},{\"bbox\":[311.5,435.9,554.6,454.9],\"text\":\"The IRS proposed adjustments for two issues in the audit of Merrill Lynch\"},{\"bbox\":[299.0,446.3,554.1,465.9],\"text\":\"for the tax year 2004 which have been protested to the Appeals Office. The\"},{\"bbox\":[298.5,457.3,553.6,476.8],\"text\":\"issues involve eligibility for the dividends received deduction and foreign tax\"},{\"bbox\":[298.0,468.3,553.1,487.8],\"text\":\"credits with respect to a structured investment transaction. The Corporation\"},{\"bbox\":[297.5,479.3,552.5,498.8],\"text\":\"also intends to protest any adjustments the IRS proposes for these same\"},{\"bbox\":[297.0,490.3,552.0,509.8],\"text\":\"issues in tax years 2005 through 2007. The IRS has proposed similar\"},{\"bbox\":[296.4,501.3,551.4,520.8],\"text\":\"adjustments in the Bank of America Corporation audit cycles currently in\"},{\"bbox\":[295.9,512.2,550.9,531.8],\"text\":\"the Appeals process and is expected to propose further adjustments disal-\"},{\"bbox\":[295.4,523.3,550.4,542.8],\"text\":\"lowing foreign tax credits related to certain structured investment transac-\"},{\"bbox\":[294.9,534.3,549.9,553.8],\"text\":\"tions. The Corporation intends to protest these adjustments in all relevant tax\"},{\"bbox\":[294.4,545.3,315.0,553.7],\"text\":\"years.\"},{\"bbox\":[305.8,556.8,548.8,575.8],\"text\":\"The Corporation files income tax returns in more than 100 state and\"},{\"bbox\":[293.3,567.2,548.5,586.8],\"text\":\"non-U.S. jurisdictions each year and is under continuous examination by\"},{\"bbox\":[292.8,578.2,547.8,597.8],\"text\":\"various state and non-U.S. taxing authorities. While many of these examina-\"},{\"bbox\":[292.3,589.2,547.3,608.7],\"text\":\"tions are resolved every year, the Corporation does not anticipate that res-\"},{\"bbox\":[291.8,600.2,546.8,619.7],\"text\":\"olutions occurring within the next twelve months will result in a material\"},{\"bbox\":[291.3,611.2,447.9,626.1],\"text\":\"change to the Corporation’s financial position.\"},{\"bbox\":[302.7,622.7,545.9,641.7],\"text\":\"Considering all U.S. federal and non-U.S. examinations, it is reasonably\"},{\"bbox\":[290.2,633.2,545.2,652.7],\"text\":\"possible that the UTB balance will decrease by as much as $1.0 billion during\"},{\"bbox\":[289.7,644.1,544.7,663.7],\"text\":\"the next twelve months, since resolved items will be removed from the\"},{\"bbox\":[289.2,655.1,519.8,673.5],\"text\":\"balance whether their resolution resulted in payment or recognition.\"}],\"order\":54,\"text\":\"In addition to the above examinations, the Corporation is in the process of\\nappealing an adverse decision by the U.S. Tax Court with respect to a 1987\\nMerrill Lynch transaction. The income tax associated with this matter has\\nbeen remitted and is included in the UTB balance above.\\nThe IRS proposed adjustments for two issues in the audit of Merrill Lynch\\nfor the tax year 2004 which have been protested to the Appeals Office. The\\nissues involve eligibility for the dividends received deduction and foreign tax\\ncredits with respect to a structured investment transaction. The Corporation\\nalso intends to protest any adjustments the IRS proposes for these same\\nissues in tax years 2005 through 2007. The IRS has proposed similar\\nadjustments in the Bank of America Corporation audit cycles currently in\\nthe Appeals process and is expected to propose further adjustments disal-\\nlowing foreign tax credits related to certain structured investment transac-\\ntions. The Corporation intends to protest these adjustments in all relevant tax\\nyears.\\nThe Corporation files income tax returns in more than 100 state and\\nnon-U.S. jurisdictions each year and is under continuous examination by\\nvarious state and non-U.S. taxing authorities. While many of these examina-\\ntions are resolved every year, the Corporation does not anticipate that res-\\nolutions occurring within the next twelve months will result in a material\\nchange to the Corporation’s financial position.\\nConsidering all U.S. federal and non-U.S. examinations, it is reasonably\\npossible that the UTB balance will decrease by as much as $1.0 billion during\\nthe next twelve months, since resolved items will be removed from the\\nbalance whether their resolution resulted in payment or recognition.\"},{\"bbox\":[29.3,652.8,232.2,674.9],\"lines\":[{\"bbox\":[29.6,652.8,199.0,665.9],\"text\":\"All tax years subsequent to the years shown remain open to examination.\"},{\"bbox\":[29.3,660.2,231.8,674.9],\"text\":\"The 2001-2002 years in Appeals process relate to the separate returns of a subsidiary.\"}],\"order\":55,\"text\":\"All tax years subsequent to the years shown remain open to examination.\\nThe 2001-2002 years in Appeals process relate to the separate returns of a subsidiary.\"},{\"bbox\":[459.4,723.7,520.6,732.5],\"lines\":[{\"bbox\":[459.4,723.7,520.6,732.5],\"text\":\"Bank of America 2010\"}],\"order\":56,\"text\":\"Bank of America 2010\"},{\"bbox\":[529.1,726.6,541.3,733.6],\"lines\":[{\"bbox\":[529.1,726.6,541.3,733.6],\"text\":\"223\"}],\"order\":57,\"text\":\"223\"}],\"doc\":\"fintabnet:BAC_2010\",\"dpi\":72,\"image_px\":[576,738],\"layout\":[],\"markdown\":\"Income tax expense (benefit) for 2010, 2009 and 2008 varied from the\\namount computed by applying the statutory income tax rate to income (loss)\\nbefore income taxes. A reconciliation between the expected U.S. federal\\n\\nincome tax expense using the federal statutory tax rate of 35 percent to the\\nCorporation’s actual income tax expense (benefit) and resulting effective tax\\nrate for 2010, 2009 and 2008 is presented in the table below.\\n\\n2010\\n\\n(Dollars in millions)\\n\\nAmount\\n\\nExpected U.S. federal income tax expense (benefit)\\nIncrease (decrease) in taxes resulting from:\\nState tax expense (benefit), net of federal effect\\nGoodwill impairment and other\\nU.K. corporate tax rate reduction\\nNondeductible expenses\\nLeveraged lease tax differential\\nChange in federal deferred tax asset valuation allowance\\nTax-exempt income, including dividends\\nLow income housing credits/other credits\\nNon-U.S. tax differential\\nChanges in prior period UTBs (including interest)\\nLoss on certain non-U.S. subsidiary stock\\nOther\\n\\n$ (463)\\n\\nTotal income tax expense (benefit)\\n\\n2009\\n\\nPercent\\n\\n2008\\n\\nAmount\\n\\nPercent\\n\\nAmount\\n\\nPercent\\n\\n35.0%\\n\\n$ 1,526\\n\\n35.0%\\n\\n$1,550\\n\\n35.0%\\n\\n233\\n4,508\\n392\\n99\\n98\\n(1,657)\\n(981)\\n(732)\\n(190)\\n(349)\\n–\\n(43)\\n\\n(17.6)\\n(341.0)\\n(29.7)\\n(7.5)\\n(7.4)\\n125.4\\n74.2\\n55.4\\n14.4\\n26.4\\n–\\n3.2\\n\\n(42)\\n–\\n–\\n69\\n59\\n(650)\\n(863)\\n(668)\\n(709)\\n87\\n(595)\\n(130)\\n\\n(1.0)\\n–\\n–\\n1.6\\n1.4\\n(14.9)\\n(19.8)\\n(15.3)\\n(16.3)\\n2.0\\n(13.7)\\n(3.0)\\n\\n27\\n–\\n–\\n79\\n216\\n–\\n(631)\\n(722)\\n(192)\\n169\\n–\\n(76)\\n\\n0.6\\n–\\n–\\n1.8\\n4.9\\n–\\n(14.3)\\n(16.3)\\n(4.3)\\n3.8\\n–\\n(1.7)\\n\\n$ 915\\n\\n(69.2)%\\n\\n$(1,916)\\n\\n(44.0)%\\n\\n$ 420\\n\\n9.5%\\n\\nThe reconciliation of the beginning unrecognized tax benefits (UTB) balance to the ending balance is presented in the table below.\\n\\nReconciliation of the Change in Unrecognized Tax Benefits\\n\\n(Dollars in millions)\\n\\nBeginning balance\\nIncreases related to positions taken during prior years\\nIncreases related to positions taken during the current year\\nPositions acquired or assumed in business combinations\\nDecreases related to positions taken during prior years\\nSettlements\\nExpiration of statute of limitations\\n\\nEnding balance\\n\\nAt December 31, 2010, 2009 and 2008, the balance of the Corporation’s\\nUTBs which would, if recognized, affect the Corporation’s effective tax rate\\nwas $3.4 billion, $4.0 billion and $2.6 billion, respectively. Included in the UTB\\nbalance are some items the recognition of which would not affect the effective\\ntax rate, such as the tax effect of certain temporary differences, the portion of\\ngross state UTBs that would be offset by the tax benefit of the associated\\nfederal deduction and the portion of gross non-U.S. UTBs that would be offset\\nby tax reductions in other jurisdictions.\\nThe Corporation is under examination by the IRS and other tax authorities\\nin countries and states in which it has significant business operations. The\\ntable below summarizes the status of significant examinations for the Cor-\\nporation and various acquired subsidiaries as of December 31, 2010.\\n\\nBank of America Corporation – U.S. (2)\\nBank of America Corporation – U.S.\\nBank of America Corporation – New York\\nMerrill Lynch – U.S.\\nMerrill Lynch – U.S.\\nMerrill Lynch – U.K.\\nMerrill Lynch – Japan\\nMerrill Lynch – New York\\nFleetBoston – U.S.\\nLaSalle – U.S.\\n\\n(1)\\n\\n(2)\\n\\nYears under\\nexamination (1)\\n\\nStatus at\\nDecember 31,\\n2010\\n\\n2001 – 2004\\n2005 – 2009\\n1999 – 2004\\n2004\\n2005 – 2008\\n2008\\n2007 – 2009\\n2007 – 2008\\n1997 – 2004\\n2006 – 2007\\n\\nIn Appeals process\\nField examination\\nField examination\\nIn Appeals process\\nField examination\\nField examination\\nField examination\\nField examination\\nIn Appeals process\\nField examination\\n\\n2010\\n\\n2009\\n\\n2008\\n\\n$5,253\\n755\\n172\\n–\\n(657)\\n(305)\\n(49)\\n\\n$3,541\\n791\\n181\\n1,924\\n(554)\\n(615)\\n(15)\\n\\n$3,095\\n688\\n241\\n169\\n(371)\\n(209)\\n(72)\\n\\n$5,169\\n\\n$5,253\\n\\n$3,541\\n\\nIn addition to the above examinations, the Corporation is in the process of\\nappealing an adverse decision by the U.S. Tax Court with respect to a 1987\\nMerrill Lynch transaction. The income tax associated with this matter has\\nbeen remitted and is included in the UTB balance above.\\nThe IRS proposed adjustments for two issues in the audit of Merrill Lynch\\nfor the tax year 2004 which have been protested to the Appeals Office. The\\nissues involve eligibility for the dividends received deduction and foreign tax\\ncredits with respect to a structured investment transaction. The Corporation\\nalso intends to protest any adjustments the IRS proposes for these same\\nissues in tax years 2005 through 2007. The IRS has proposed similar\\nadjustments in the Bank of America Corporation audit cycles currently in\\nthe Appeals process and is expected to propose further adjustments disal-\\nlowing foreign tax credits related to certain structured investment transac-\\ntions. The Corporation intends to protest these adjustments in all relevant tax\\nyears.\\nThe Corporation files income tax returns in more than 100 state and\\nnon-U.S. jurisdictions each year and is under continuous examination by\\nvarious state and non-U.S. taxing authorities. While many of these examina-\\ntions are resolved every year, the Corporation does not anticipate that res-\\nolutions occurring within the next twelve months will result in a material\\nchange to the Corporation’s financial position.\\nConsidering all U.S. federal and non-U.S. examinations, it is reasonably\\npossible that the UTB balance will decrease by as much as $1.0 billion during\\nthe next twelve months, since resolved items will be removed from the\\nbalance whether their resolution resulted in payment or recognition.\\n\\nAll tax years subsequent to the years shown remain open to examination.\\nThe 2001-2002 years in Appeals process relate to the separate returns of a subsidiary.\\n\\nBank of America 2010\\n\\n223\",\"name\":\"fintabnet.BAC_2010_page_225__72dpi_heavy\",\"page_id\":\"fintabnet.BAC_2010_page_225\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.702,\"source\":\"fintabnet\",\"source_id\":\"BAC_2010_page_225\",\"stack\":[{\"deg\":-2.702,\"op\":\"skew\"},{\"amp\":0.289,\"angle\":75.2,\"blob\":0.388,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.631},{\"op\":\"noise\",\"sigma\":10.119},{\"op\":\"jpeg\",\"q\":42}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[22.6,527.7,283.1,658.5],\"block_orders\":[38,41,42,43,44],\"cells\":null},{\"bbox\":[42.4,66.3,576.2,252.3],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31],\"cells\":null},{\"bbox\":[35.9,279.5,563.4,390.5],\"block_orders\":[34,35,36,45,46,47,48,49,50,51,52,53],\"cells\":null}],\"text\":\"Income tax expense (benefit) for 2010, 2009 and 2008 varied from the\\namount computed by applying the statutory income tax rate to income (loss)\\nbefore income taxes. A reconciliation between the expected U.S. federal\\n\\nincome tax expense using the federal statutory tax rate of 35 percent to the\\nCorporation’s actual income tax expense (benefit) and resulting effective tax\\nrate for 2010, 2009 and 2008 is presented in the table below.\\n\\n2010\\n\\n(Dollars in millions)\\n\\nAmount\\n\\nExpected U.S. federal income tax expense (benefit)\\nIncrease (decrease) in taxes resulting from:\\nState tax expense (benefit), net of federal effect\\nGoodwill impairment and other\\nU.K. corporate tax rate reduction\\nNondeductible expenses\\nLeveraged lease tax differential\\nChange in federal deferred tax asset valuation allowance\\nTax-exempt income, including dividends\\nLow income housing credits/other credits\\nNon-U.S. tax differential\\nChanges in prior period UTBs (including interest)\\nLoss on certain non-U.S. subsidiary stock\\nOther\\n\\n$ (463)\\n\\nTotal income tax expense (benefit)\\n\\n2009\\n\\nPercent\\n\\n2008\\n\\nAmount\\n\\nPercent\\n\\nAmount\\n\\nPercent\\n\\n35.0%\\n\\n$ 1,526\\n\\n35.0%\\n\\n$1,550\\n\\n35.0%\\n\\n233\\n4,508\\n392\\n99\\n98\\n(1,657)\\n(981)\\n(732)\\n(190)\\n(349)\\n–\\n(43)\\n\\n(17.6)\\n(341.0)\\n(29.7)\\n(7.5)\\n(7.4)\\n125.4\\n74.2\\n55.4\\n14.4\\n26.4\\n–\\n3.2\\n\\n(42)\\n–\\n–\\n69\\n59\\n(650)\\n(863)\\n(668)\\n(709)\\n87\\n(595)\\n(130)\\n\\n(1.0)\\n–\\n–\\n1.6\\n1.4\\n(14.9)\\n(19.8)\\n(15.3)\\n(16.3)\\n2.0\\n(13.7)\\n(3.0)\\n\\n27\\n–\\n–\\n79\\n216\\n–\\n(631)\\n(722)\\n(192)\\n169\\n–\\n(76)\\n\\n0.6\\n–\\n–\\n1.8\\n4.9\\n–\\n(14.3)\\n(16.3)\\n(4.3)\\n3.8\\n–\\n(1.7)\\n\\n$ 915\\n\\n(69.2)%\\n\\n$(1,916)\\n\\n(44.0)%\\n\\n$ 420\\n\\n9.5%\\n\\nThe reconciliation of the beginning unrecognized tax benefits (UTB) balance to the ending balance is presented in the table below.\\n\\nReconciliation of the Change in Unrecognized Tax Benefits\\n\\n(Dollars in millions)\\n\\nBeginning balance\\nIncreases related to positions taken during prior years\\nIncreases related to positions taken during the current year\\nPositions acquired or assumed in business combinations\\nDecreases related to positions taken during prior years\\nSettlements\\nExpiration of statute of limitations\\n\\nEnding balance\\n\\nAt December 31, 2010, 2009 and 2008, the balance of the Corporation’s\\nUTBs which would, if recognized, affect the Corporation’s effective tax rate\\nwas $3.4 billion, $4.0 billion and $2.6 billion, respectively. Included in the UTB\\nbalance are some items the recognition of which would not affect the effective\\ntax rate, such as the tax effect of certain temporary differences, the portion of\\ngross state UTBs that would be offset by the tax benefit of the associated\\nfederal deduction and the portion of gross non-U.S. UTBs that would be offset\\nby tax reductions in other jurisdictions.\\nThe Corporation is under examination by the IRS and other tax authorities\\nin countries and states in which it has significant business operations. The\\ntable below summarizes the status of significant examinations for the Cor-\\nporation and various acquired subsidiaries as of December 31, 2010.\\n\\nBank of America Corporation – U.S. (2)\\nBank of America Corporation – U.S.\\nBank of America Corporation – New York\\nMerrill Lynch – U.S.\\nMerrill Lynch – U.S.\\nMerrill Lynch – U.K.\\nMerrill Lynch – Japan\\nMerrill Lynch – New York\\nFleetBoston – U.S.\\nLaSalle – U.S.\\n\\n(1)\\n\\n(2)\\n\\nYears under\\nexamination (1)\\n\\nStatus at\\nDecember 31,\\n2010\\n\\n2001 – 2004\\n2005 – 2009\\n1999 – 2004\\n2004\\n2005 – 2008\\n2008\\n2007 – 2009\\n2007 – 2008\\n1997 – 2004\\n2006 – 2007\\n\\nIn Appeals process\\nField examination\\nField examination\\nIn Appeals process\\nField examination\\nField examination\\nField examination\\nField examination\\nIn Appeals process\\nField examination\\n\\n2010\\n\\n2009\\n\\n2008\\n\\n$5,253\\n755\\n172\\n–\\n(657)\\n(305)\\n(49)\\n\\n$3,541\\n791\\n181\\n1,924\\n(554)\\n(615)\\n(15)\\n\\n$3,095\\n688\\n241\\n169\\n(371)\\n(209)\\n(72)\\n\\n$5,169\\n\\n$5,253\\n\\n$3,541\\n\\nIn addition to the above examinations, the Corporation is in the process of\\nappealing an adverse decision by the U.S. Tax Court with respect to a 1987\\nMerrill Lynch transaction. The income tax associated with this matter has\\nbeen remitted and is included in the UTB balance above.\\nThe IRS proposed adjustments for two issues in the audit of Merrill Lynch\\nfor the tax year 2004 which have been protested to the Appeals Office. The\\nissues involve eligibility for the dividends received deduction and foreign tax\\ncredits with respect to a structured investment transaction. The Corporation\\nalso intends to protest any adjustments the IRS proposes for these same\\nissues in tax years 2005 through 2007. The IRS has proposed similar\\nadjustments in the Bank of America Corporation audit cycles currently in\\nthe Appeals process and is expected to propose further adjustments disal-\\nlowing foreign tax credits related to certain structured investment transac-\\ntions. The Corporation intends to protest these adjustments in all relevant tax\\nyears.\\nThe Corporation files income tax returns in more than 100 state and\\nnon-U.S. jurisdictions each year and is under continuous examination by\\nvarious state and non-U.S. taxing authorities. While many of these examina-\\ntions are resolved every year, the Corporation does not anticipate that res-\\nolutions occurring within the next twelve months will result in a material\\nchange to the Corporation’s financial position.\\nConsidering all U.S. federal and non-U.S. examinations, it is reasonably\\npossible that the UTB balance will decrease by as much as $1.0 billion during\\nthe next twelve months, since resolved items will be removed from the\\nbalance whether their resolution resulted in payment or recognition.\\n\\nAll tax years subsequent to the years shown remain open to examination.\\nThe 2001-2002 years in Appeals process relate to the separate returns of a subsidiary.\\n\\nBank of America 2010\\n\\n223\"},\"name\":\"fintabnet.BAC_2010_page_225__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":51332,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:BAC_2010\",\"dpi\":72,\"gt_sha256\":\"323e87350d9c0d3c9b5fe96eecf621a9d73c7f193798ef67c2f32e478a16b5f3\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.BAC_2010_page_225__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.BAC_2010_page_225\",\"pdf_sha256\":\"d06f3128625645e8be5ce6db61c8c5f123c3543af5db14cc7aea9de0bee7f6bb\",\"px\":[576,738],\"scan\":{\"render\":\"000000003015301038003c7f40076007707f717f707f00ffe7ffe7ffffff61ff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"BAC_2010_page_225\",\"src\":{\"file_sha256\":\"0318c0fb8c51e263acc84c5f4d5b0786698bae392c6c370bcfb322d290ab5eda\",\"render\":\"00000028703e7030783c7ffe60047c067fff7ffe7ffe5ffe67fe47fe44000000\",\"text\":\"b362ab1ed255713c84443828a5de6c3f19c50d51eb12f82400f413835597b8a5\"},\"stack\":[{\"deg\":-2.702,\"op\":\"skew\"},{\"amp\":0.289,\"angle\":75.2,\"blob\":0.388,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.631},{\"op\":\"noise\",\"sigma\":10.119},{\"op\":\"jpeg\",\"q\":42}],\"tools\":\"21647cade0ee\"},\"sha256\":\"d06f3128625645e8be5ce6db61c8c5f123c3543af5db14cc7aea9de0bee7f6bb\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/d06f3128625645e8be5ce6db61c8c5f123c3543af5db14cc7aea9de0bee7f6bb.pdf","asset_sha256":"d06f3128625645e8be5ce6db61c8c5f123c3543af5db14cc7aea9de0bee7f6bb","document_id":"fintabnet:BAC_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BAC_2010_page_225\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BDX_2016_page_21\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:BDX_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[67.5,74.3,530.9,109.4],\"lines\":[{\"bbox\":[67.5,74.3,530.9,85.4],\"text\":\"The agreements that govern the indebtedness incurred or assumed in connection with the acquisition contain\"},{\"bbox\":[67.5,86.3,528.9,97.4],\"text\":\"various covenants that impose restrictions on us and certain of our subsidiaries that may affect our ability to\"},{\"bbox\":[67.5,98.3,165.9,109.4],\"text\":\"operate our businesses.\"}],\"order\":0,\"text\":\"The agreements that govern the indebtedness incurred or assumed in connection with the acquisition contain\\nvarious covenants that impose restrictions on us and certain of our subsidiaries that may affect our ability to\\noperate our businesses.\"},{\"bbox\":[67.5,115.3,529.4,222.4],\"lines\":[{\"bbox\":[91.5,115.3,495.6,126.4],\"text\":\"The agreements that govern the indebtedness incurred or assumed in connection with the CareFusion\"},{\"bbox\":[67.5,127.3,520.1,138.4],\"text\":\"transaction contain various affirmative and negative covenants that may, subject to certain significant exceptions,\"},{\"bbox\":[67.5,139.3,527.7,150.4],\"text\":\"restrict our ability and the ability of certain of our subsidiaries (including CareFusion) to, among other things, have\"},{\"bbox\":[67.5,151.3,527.2,162.4],\"text\":\"liens on their property, transact business with affiliates and/or merge or consolidate with any other person or sell or\"},{\"bbox\":[67.5,163.3,518.0,174.4],\"text\":\"convey certain of our assets to any one person. In addition, some of the agreements that govern our indebtedness\"},{\"bbox\":[67.5,175.3,529.4,186.4],\"text\":\"contain financial covenants that will require us to maintain certain financial ratios. Our ability and the ability of our\"},{\"bbox\":[67.5,187.3,526.7,198.4],\"text\":\"subsidiaries to comply with these provisions may be affected by events beyond our control. Failure to comply with\"},{\"bbox\":[67.5,199.3,520.4,210.4],\"text\":\"these covenants could result in an event of default, which, if not cured or waived, could accelerate our repayment\"},{\"bbox\":[67.5,211.3,114.5,222.4],\"text\":\"obligations.\"}],\"order\":1,\"text\":\"The agreements that govern the indebtedness incurred or assumed in connection with the CareFusion\\ntransaction contain various affirmative and negative covenants that may, subject to certain significant exceptions,\\nrestrict our ability and the ability of certain of our subsidiaries (including CareFusion) to, among other things, have\\nliens on their property, transact business with affiliates and/or merge or consolidate with any other person or sell or\\nconvey certain of our assets to any one person. In addition, some of the agreements that govern our indebtedness\\ncontain financial covenants that will require us to maintain certain financial ratios. Our ability and the ability of our\\nsubsidiaries to comply with these provisions may be affected by events beyond our control. Failure to comply with\\nthese covenants could result in an event of default, which, if not cured or waived, could accelerate our repayment\\nobligations.\"},{\"bbox\":[67.5,252.3,106.7,263.4],\"lines\":[{\"bbox\":[67.5,252.3,106.7,263.4],\"text\":\"Item 1B.\"}],\"order\":2,\"text\":\"Item 1B.\"},{\"bbox\":[139.5,252.3,257.4,263.4],\"lines\":[{\"bbox\":[139.5,252.3,257.4,263.4],\"text\":\"Unresolved Staff Comments.\"}],\"order\":3,\"text\":\"Unresolved Staff Comments.\"},{\"bbox\":[91.5,269.3,115.7,280.4],\"lines\":[{\"bbox\":[91.5,269.3,115.7,280.4],\"text\":\"None.\"}],\"order\":4,\"text\":\"None.\"},{\"bbox\":[67.5,290.3,97.5,301.4],\"lines\":[{\"bbox\":[67.5,290.3,97.5,301.4],\"text\":\"Item 2.\"}],\"order\":5,\"text\":\"Item 2.\"},{\"bbox\":[107.5,290.3,152.2,301.4],\"lines\":[{\"bbox\":[107.5,290.3,152.2,301.4],\"text\":\"Properties.\"}],\"order\":6,\"text\":\"Properties.\"},{\"bbox\":[67.5,307.3,534.1,378.4],\"lines\":[{\"bbox\":[91.5,307.3,509.7,318.4],\"text\":\"BD’s executive offices are located in Franklin Lakes, New Jersey. As of October 31, 2016, BD owned or\"},{\"bbox\":[67.5,319.3,511.5,330.4],\"text\":\"leased 255 facilities throughout the world, comprising approximately 19,796,011 square feet of manufacturing,\"},{\"bbox\":[67.5,331.3,516.4,342.4],\"text\":\"warehousing, administrative and research facilities. The U.S. facilities, including those in Puerto Rico, comprise\"},{\"bbox\":[67.5,343.3,532.7,354.4],\"text\":\"approximately 7,459,856 square feet of owned and 2,923,257 square feet of leased space. The international facilities\"},{\"bbox\":[67.5,355.3,534.1,366.4],\"text\":\"comprise approximately 7,189,652 square feet of owned and 2,223,245 square feet of leased space. Sales offices and\"},{\"bbox\":[67.5,367.3,441.9,378.4],\"text\":\"distribution centers included in the total square footage are also located throughout the world.\"}],\"order\":7,\"text\":\"BD’s executive offices are located in Franklin Lakes, New Jersey. As of October 31, 2016, BD owned or\\nleased 255 facilities throughout the world, comprising approximately 19,796,011 square feet of manufacturing,\\nwarehousing, administrative and research facilities. The U.S. facilities, including those in Puerto Rico, comprise\\napproximately 7,459,856 square feet of owned and 2,923,257 square feet of leased space. The international facilities\\ncomprise approximately 7,189,652 square feet of owned and 2,223,245 square feet of leased space. Sales offices and\\ndistribution centers included in the total square footage are also located throughout the world.\"},{\"bbox\":[67.5,384.3,531.6,443.4],\"lines\":[{\"bbox\":[91.5,384.3,496.2,395.4],\"text\":\"Operations in each of BD’s business segments are conducted at both U.S. and international locations.\"},{\"bbox\":[67.5,396.3,528.2,407.4],\"text\":\"Particularly in the international marketplace, facilities often serve more than one business segment and are used for\"},{\"bbox\":[67.5,408.3,531.6,419.4],\"text\":\"multiple purposes, such as administrative/sales, manufacturing and/or warehousing/distribution. BD generally seeks\"},{\"bbox\":[67.5,420.3,530.5,431.4],\"text\":\"to own its manufacturing facilities, although some are leased. The following table summarizes property information\"},{\"bbox\":[67.5,432.3,152.2,443.4],\"text\":\"by business segment.\"}],\"order\":8,\"text\":\"Operations in each of BD’s business segments are conducted at both U.S. and international locations.\\nParticularly in the international marketplace, facilities often serve more than one business segment and are used for\\nmultiple purposes, such as administrative/sales, manufacturing and/or warehousing/distribution. BD generally seeks\\nto own its manufacturing facilities, although some are leased. The following table summarizes property information\\nby business segment.\"},{\"bbox\":[70.0,458.2,90.0,469.2],\"lines\":[{\"bbox\":[70.0,458.2,90.0,469.2],\"text\":\"Sites\"}],\"order\":9,\"text\":\"Sites\"},{\"bbox\":[179.2,458.2,223.7,469.2],\"lines\":[{\"bbox\":[179.2,458.2,223.7,469.2],\"text\":\"Corporate\"}],\"order\":10,\"text\":\"Corporate\"},{\"bbox\":[70.0,473.2,115.3,529.2],\"lines\":[{\"bbox\":[70.0,473.2,98.3,484.2],\"text\":\"Leased\"},{\"bbox\":[70.0,488.2,98.9,499.2],\"text\":\"Owned\"},{\"bbox\":[70.0,503.2,91.1,514.2],\"text\":\"Total\"},{\"bbox\":[70.0,518.2,115.3,529.2],\"text\":\"Square feet\"}],\"order\":11,\"text\":\"Leased\\nOwned\\nTotal\\nSquare feet\"},{\"bbox\":[66.5,535.5,80.4,546.6],\"lines\":[{\"bbox\":[66.5,535.5,80.4,546.6],\"text\":\"(A)\"}],\"order\":12,\"text\":\"(A)\"},{\"bbox\":[248.7,458.2,320.3,469.2],\"lines\":[{\"bbox\":[248.7,458.2,320.3,469.2],\"text\":\"BD Life Sciences\"}],\"order\":13,\"text\":\"BD Life Sciences\"},{\"bbox\":[198.7,473.2,238.7,529.2],\"lines\":[{\"bbox\":[228.7,473.2,238.7,484.2],\"text\":\"11\"},{\"bbox\":[233.7,488.2,238.7,499.2],\"text\":\"3\"},{\"bbox\":[228.7,503.2,238.7,514.2],\"text\":\"14\"},{\"bbox\":[198.7,518.2,238.7,529.2],\"text\":\"1,425,720\"}],\"order\":14,\"text\":\"11\\n3\\n14\\n1,425,720\"},{\"bbox\":[283.6,473.2,323.6,529.2],\"lines\":[{\"bbox\":[313.6,473.2,323.6,484.2],\"text\":\"19\"},{\"bbox\":[313.6,488.2,323.6,499.2],\"text\":\"15\"},{\"bbox\":[313.6,503.2,323.6,514.2],\"text\":\"34\"},{\"bbox\":[283.6,518.2,323.6,529.2],\"text\":\"4,337,963\"}],\"order\":15,\"text\":\"19\\n15\\n34\\n4,337,963\"},{\"bbox\":[343.6,458.2,394.4,469.2],\"lines\":[{\"bbox\":[343.6,458.2,394.4,469.2],\"text\":\"BD Medical\"}],\"order\":16,\"text\":\"BD Medical\"},{\"bbox\":[367.6,473.2,407.6,529.2],\"lines\":[{\"bbox\":[397.6,473.2,407.6,484.2],\"text\":\"75\"},{\"bbox\":[397.6,488.2,407.6,499.2],\"text\":\"31\"},{\"bbox\":[392.6,503.2,407.6,514.2],\"text\":\"106\"},{\"bbox\":[367.6,518.2,407.6,529.2],\"text\":\"9,891,908\"}],\"order\":17,\"text\":\"75\\n31\\n106\\n9,891,908\"},{\"bbox\":[419.9,458.2,461.1,469.2],\"lines\":[{\"bbox\":[419.9,458.2,461.1,469.2],\"text\":\"Mixed(A)\"}],\"order\":18,\"text\":\"Mixed(A)\"},{\"bbox\":[491.1,458.2,512.9,469.2],\"lines\":[{\"bbox\":[491.1,458.2,512.9,469.2],\"text\":\"Total\"}],\"order\":19,\"text\":\"Total\"},{\"bbox\":[426.6,473.2,466.6,529.2],\"lines\":[{\"bbox\":[456.6,473.2,466.6,484.2],\"text\":\"92\"},{\"bbox\":[451.6,488.2,466.6,499.2],\"text\":\"121\"},{\"bbox\":[451.6,503.2,466.6,514.2],\"text\":\"103\"},{\"bbox\":[426.6,518.2,466.6,529.2],\"text\":\"4,140,420\"}],\"order\":20,\"text\":\"92\\n121\\n103\\n4,140,420\"},{\"bbox\":[485.6,473.2,530.6,529.2],\"lines\":[{\"bbox\":[515.6,473.2,530.6,484.2],\"text\":\"195\"},{\"bbox\":[520.6,488.2,530.6,499.2],\"text\":\"60\"},{\"bbox\":[515.6,503.2,530.6,514.2],\"text\":\"255\"},{\"bbox\":[485.6,518.2,530.6,529.2],\"text\":\"19,796,011\"}],\"order\":21,\"text\":\"195\\n60\\n255\\n19,796,011\"},{\"bbox\":[91.5,535.5,295.9,546.6],\"lines\":[{\"bbox\":[91.5,535.5,295.9,546.6],\"text\":\"Facilities used by more than one business segment.\"}],\"order\":22,\"text\":\"Facilities used by more than one business segment.\"},{\"bbox\":[67.5,552.5,532.1,587.6],\"lines\":[{\"bbox\":[91.5,552.5,500.6,563.6],\"text\":\"BD believes that its facilities are of good construction and in good physical condition, are suitable and\"},{\"bbox\":[67.5,564.5,532.1,575.6],\"text\":\"adequate for the operations conducted at those facilities, and are, with minor exceptions, fully utilized and operating\"},{\"bbox\":[67.5,576.5,143.2,587.6],\"text\":\"at normal capacity.\"}],\"order\":23,\"text\":\"BD believes that its facilities are of good construction and in good physical condition, are suitable and\\nadequate for the operations conducted at those facilities, and are, with minor exceptions, fully utilized and operating\\nat normal capacity.\"},{\"bbox\":[67.5,593.5,511.2,628.6],\"lines\":[{\"bbox\":[91.5,593.5,500.9,604.6],\"text\":\"The U.S. facilities are located in Alabama, Arizona, California, Connecticut, Florida, Georgia, Illinois,\"},{\"bbox\":[67.5,605.5,511.2,616.6],\"text\":\"Indiana, Maryland, Massachusetts, Michigan, Nebraska, New Jersey, North Carolina, Ohio, Oklahoma, South\"},{\"bbox\":[67.5,617.5,436.4,628.6],\"text\":\"Carolina, Texas, Utah, Virginia, Washington, D.C., Washington, Wisconsin and Puerto Rico.\"}],\"order\":24,\"text\":\"The U.S. facilities are located in Alabama, Arizona, California, Connecticut, Florida, Georgia, Illinois,\\nIndiana, Maryland, Massachusetts, Michigan, Nebraska, New Jersey, North Carolina, Ohio, Oklahoma, South\\nCarolina, Texas, Utah, Virginia, Washington, D.C., Washington, Wisconsin and Puerto Rico.\"},{\"bbox\":[91.5,634.5,257.9,645.6],\"lines\":[{\"bbox\":[91.5,634.5,257.9,645.6],\"text\":\"The international facilities are as follows:\"}],\"order\":25,\"text\":\"The international facilities are as follows:\"},{\"bbox\":[91.5,651.0,522.9,698.1],\"lines\":[{\"bbox\":[115.5,651.0,522.9,662.1],\"text\":\"- Europe, Middle East, Africa, which includes facilities in Austria, Belgium, Bosnia and Herzegovina,\"},{\"bbox\":[91.5,663.0,519.7,674.1],\"text\":\"the Czech Republic, Denmark, England, Finland, France, Germany, Ghana, Hungary, Ireland, Italy, Kenya,\"},{\"bbox\":[91.5,675.0,515.9,686.1],\"text\":\"Luxembourg, Netherlands, Norway, Poland, Portugal, Russia, Saudi Arabia, South Africa, Spain, Sweden,\"},{\"bbox\":[91.5,687.0,331.4,698.1],\"text\":\"Switzerland, Turkey, the United Arab Emirates and Zambia.\"}],\"order\":26,\"text\":\"- Europe, Middle East, Africa, which includes facilities in Austria, Belgium, Bosnia and Herzegovina,\\nthe Czech Republic, Denmark, England, Finland, France, Germany, Ghana, Hungary, Ireland, Italy, Kenya,\\nLuxembourg, Netherlands, Norway, Poland, Portugal, Russia, Saudi Arabia, South Africa, Spain, Sweden,\\nSwitzerland, Turkey, the United Arab Emirates and Zambia.\"},{\"bbox\":[296.5,709.0,306.5,720.1],\"lines\":[{\"bbox\":[296.5,709.0,306.5,720.1],\"text\":\"13\"}],\"order\":27,\"text\":\"13\"}],\"doc\":\"fintabnet:BDX_2016\",\"dpi\":72,\"image_px\":[603,783],\"layout\":[],\"markdown\":\"The agreements that govern the indebtedness incurred or assumed in connection with the acquisition contain\\nvarious covenants that impose restrictions on us and certain of our subsidiaries that may affect our ability to\\noperate our businesses.\\n\\nThe agreements that govern the indebtedness incurred or assumed in connection with the CareFusion\\ntransaction contain various affirmative and negative covenants that may, subject to certain significant exceptions,\\nrestrict our ability and the ability of certain of our subsidiaries (including CareFusion) to, among other things, have\\nliens on their property, transact business with affiliates and/or merge or consolidate with any other person or sell or\\nconvey certain of our assets to any one person. In addition, some of the agreements that govern our indebtedness\\ncontain financial covenants that will require us to maintain certain financial ratios. Our ability and the ability of our\\nsubsidiaries to comply with these provisions may be affected by events beyond our control. Failure to comply with\\nthese covenants could result in an event of default, which, if not cured or waived, could accelerate our repayment\\nobligations.\\n\\nItem 1B.\\n\\nUnresolved Staff Comments.\\n\\nNone.\\n\\nItem 2.\\n\\nProperties.\\n\\nBD’s executive offices are located in Franklin Lakes, New Jersey. As of October 31, 2016, BD owned or\\nleased 255 facilities throughout the world, comprising approximately 19,796,011 square feet of manufacturing,\\nwarehousing, administrative and research facilities. The U.S. facilities, including those in Puerto Rico, comprise\\napproximately 7,459,856 square feet of owned and 2,923,257 square feet of leased space. The international facilities\\ncomprise approximately 7,189,652 square feet of owned and 2,223,245 square feet of leased space. Sales offices and\\ndistribution centers included in the total square footage are also located throughout the world.\\n\\nOperations in each of BD’s business segments are conducted at both U.S. and international locations.\\nParticularly in the international marketplace, facilities often serve more than one business segment and are used for\\nmultiple purposes, such as administrative/sales, manufacturing and/or warehousing/distribution. BD generally seeks\\nto own its manufacturing facilities, although some are leased. The following table summarizes property information\\nby business segment.\\n\\nSites\\n\\nCorporate\\n\\nLeased\\nOwned\\nTotal\\nSquare feet\\n\\n(A)\\n\\nBD Life Sciences\\n\\n11\\n3\\n14\\n1,425,720\\n\\n19\\n15\\n34\\n4,337,963\\n\\nBD Medical\\n\\n75\\n31\\n106\\n9,891,908\\n\\nMixed(A)\\n\\nTotal\\n\\n92\\n121\\n103\\n4,140,420\\n\\n195\\n60\\n255\\n19,796,011\\n\\nFacilities used by more than one business segment.\\n\\nBD believes that its facilities are of good construction and in good physical condition, are suitable and\\nadequate for the operations conducted at those facilities, and are, with minor exceptions, fully utilized and operating\\nat normal capacity.\\n\\nThe U.S. facilities are located in Alabama, Arizona, California, Connecticut, Florida, Georgia, Illinois,\\nIndiana, Maryland, Massachusetts, Michigan, Nebraska, New Jersey, North Carolina, Ohio, Oklahoma, South\\nCarolina, Texas, Utah, Virginia, Washington, D.C., Washington, Wisconsin and Puerto Rico.\\n\\nThe international facilities are as follows:\\n\\n- Europe, Middle East, Africa, which includes facilities in Austria, Belgium, Bosnia and Herzegovina,\\nthe Czech Republic, Denmark, England, Finland, France, Germany, Ghana, Hungary, Ireland, Italy, Kenya,\\nLuxembourg, Netherlands, Norway, Poland, Portugal, Russia, Saudi Arabia, South Africa, Spain, Sweden,\\nSwitzerland, Turkey, the United Arab Emirates and Zambia.\\n\\n13\",\"name\":\"fintabnet.BDX_2016_page_21__72dpi_none\",\"page_id\":\"fintabnet.BDX_2016_page_21\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"BDX_2016_page_21\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[70.0,458.2,530.7,529.2],\"block_orders\":[9,10,11,13,14,15,16,17,18,19,20,21],\"cells\":null}],\"text\":\"The agreements that govern the indebtedness incurred or assumed in connection with the acquisition contain\\nvarious covenants that impose restrictions on us and certain of our subsidiaries that may affect our ability to\\noperate our businesses.\\n\\nThe agreements that govern the indebtedness incurred or assumed in connection with the CareFusion\\ntransaction contain various affirmative and negative covenants that may, subject to certain significant exceptions,\\nrestrict our ability and the ability of certain of our subsidiaries (including CareFusion) to, among other things, have\\nliens on their property, transact business with affiliates and/or merge or consolidate with any other person or sell or\\nconvey certain of our assets to any one person. In addition, some of the agreements that govern our indebtedness\\ncontain financial covenants that will require us to maintain certain financial ratios. Our ability and the ability of our\\nsubsidiaries to comply with these provisions may be affected by events beyond our control. Failure to comply with\\nthese covenants could result in an event of default, which, if not cured or waived, could accelerate our repayment\\nobligations.\\n\\nItem 1B.\\n\\nUnresolved Staff Comments.\\n\\nNone.\\n\\nItem 2.\\n\\nProperties.\\n\\nBD’s executive offices are located in Franklin Lakes, New Jersey. As of October 31, 2016, BD owned or\\nleased 255 facilities throughout the world, comprising approximately 19,796,011 square feet of manufacturing,\\nwarehousing, administrative and research facilities. The U.S. facilities, including those in Puerto Rico, comprise\\napproximately 7,459,856 square feet of owned and 2,923,257 square feet of leased space. The international facilities\\ncomprise approximately 7,189,652 square feet of owned and 2,223,245 square feet of leased space. Sales offices and\\ndistribution centers included in the total square footage are also located throughout the world.\\n\\nOperations in each of BD’s business segments are conducted at both U.S. and international locations.\\nParticularly in the international marketplace, facilities often serve more than one business segment and are used for\\nmultiple purposes, such as administrative/sales, manufacturing and/or warehousing/distribution. BD generally seeks\\nto own its manufacturing facilities, although some are leased. The following table summarizes property information\\nby business segment.\\n\\nSites\\n\\nCorporate\\n\\nLeased\\nOwned\\nTotal\\nSquare feet\\n\\n(A)\\n\\nBD Life Sciences\\n\\n11\\n3\\n14\\n1,425,720\\n\\n19\\n15\\n34\\n4,337,963\\n\\nBD Medical\\n\\n75\\n31\\n106\\n9,891,908\\n\\nMixed(A)\\n\\nTotal\\n\\n92\\n121\\n103\\n4,140,420\\n\\n195\\n60\\n255\\n19,796,011\\n\\nFacilities used by more than one business segment.\\n\\nBD believes that its facilities are of good construction and in good physical condition, are suitable and\\nadequate for the operations conducted at those facilities, and are, with minor exceptions, fully utilized and operating\\nat normal capacity.\\n\\nThe U.S. facilities are located in Alabama, Arizona, California, Connecticut, Florida, Georgia, Illinois,\\nIndiana, Maryland, Massachusetts, Michigan, Nebraska, New Jersey, North Carolina, Ohio, Oklahoma, South\\nCarolina, Texas, Utah, Virginia, Washington, D.C., Washington, Wisconsin and Puerto Rico.\\n\\nThe international facilities are as follows:\\n\\n- Europe, Middle East, Africa, which includes facilities in Austria, Belgium, Bosnia and Herzegovina,\\nthe Czech Republic, Denmark, England, Finland, France, Germany, Ghana, Hungary, Ireland, Italy, Kenya,\\nLuxembourg, Netherlands, Norway, Poland, Portugal, Russia, Saudi Arabia, South Africa, Spain, Sweden,\\nSwitzerland, Turkey, the United Arab Emirates and Zambia.\\n\\n13\"},\"name\":\"fintabnet.BDX_2016_page_21__72dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":50905,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:BDX_2016\",\"dpi\":72,\"gt_sha256\":\"451bc43f2422b48a3ae5d2eb2422aeba933b65f86904666da13f4f72a8b7ad5b\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.BDX_2016_page_21__72dpi_none\",\"page\":1,\"page_id\":\"fintabnet.BDX_2016_page_21\",\"pdf_sha256\":\"1f52237eaa80bfb3736116df7dea92c6e9439c9c43159c996da97ccde0023c22\",\"px\":[603,783],\"scan\":{\"render\":\"00003ffc3ff83ffc200000003ffc3ffc3ffc000020003ffc3ff83ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"BDX_2016_page_21\",\"src\":{\"file_sha256\":\"69294cf4890b17615c4a92d1ed2fecc6721c53ac50d8bf63d46e5f91138dc136\",\"render\":\"00003ffc3ffc3ffc200020003ffc3ffc3ffc000020003ff83ff81ffc00000000\",\"text\":\"32db1b4f31f9184b9cd3d8f012886a4dfdf0f6c0f7b6aee5fd8ddc2384aa2896\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"1f52237eaa80bfb3736116df7dea92c6e9439c9c43159c996da97ccde0023c22\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/1f52237eaa80bfb3736116df7dea92c6e9439c9c43159c996da97ccde0023c22.pdf","asset_sha256":"1f52237eaa80bfb3736116df7dea92c6e9439c9c43159c996da97ccde0023c22","document_id":"fintabnet:BDX_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BDX_2016_page_21\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BEN_2017_page_70\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:BEN_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[63.8,55.9,560.4,149.2],\"lines\":[{\"bbox\":[89.3,56.4,560.4,77.3],\"text\":\"A 10% weakening of the U.S. dollar against the various foreign currencies to which we had exposure as described above\"},{\"bbox\":[65.0,67.9,560.1,89.3],\"text\":\"would result in corresponding 10% increases in the U.S. dollar values of the foreign currency assets and 10% decreases in\"},{\"bbox\":[64.8,79.9,559.9,101.3],\"text\":\"the foreign currency values of the U.S. dollar assets. Such a weakening as of September 30, 2017 would result in a $77.5 million\"},{\"bbox\":[64.5,91.9,559.7,113.2],\"text\":\"increase in accumulated other comprehensive income (loss) and a $40.2 million decrease in pre-tax earnings. We generally\"},{\"bbox\":[64.3,103.9,559.4,125.2],\"text\":\"do not use derivative financial instruments to manage foreign currency exchange risk exposure. As a result, both positive and\"},{\"bbox\":[64.0,115.9,559.2,137.2],\"text\":\"negative currency fluctuations against the U.S. dollar may affect our results of operations and accumulated other comprehensive\"},{\"bbox\":[63.8,127.9,120.6,140.2],\"text\":\"income (loss).\"}],\"order\":0,\"text\":\"A 10% weakening of the U.S. dollar against the various foreign currencies to which we had exposure as described above\\nwould result in corresponding 10% increases in the U.S. dollar values of the foreign currency assets and 10% decreases in\\nthe foreign currency values of the U.S. dollar assets. Such a weakening as of September 30, 2017 would result in a $77.5 million\\nincrease in accumulated other comprehensive income (loss) and a $40.2 million decrease in pre-tax earnings. We generally\\ndo not use derivative financial instruments to manage foreign currency exchange risk exposure. As a result, both positive and\\nnegative currency fluctuations against the U.S. dollar may affect our results of operations and accumulated other comprehensive\\nincome (loss).\"},{\"bbox\":[63.2,153.4,152.9,166.3],\"lines\":[{\"bbox\":[63.2,153.4,152.9,166.3],\"text\":\"Market Valuation Risk\"}],\"order\":1,\"text\":\"Market Valuation Risk\"},{\"bbox\":[62.7,169.9,558.0,203.2],\"lines\":[{\"bbox\":[86.9,170.4,558.0,191.2],\"text\":\"We are exposed to market valuation risks related to securities we hold that are carried at fair value. To mitigate the risks\"},{\"bbox\":[62.7,181.9,510.2,202.2],\"text\":\"we maintain a diversified investment portfolio and, from time to time, we may enter into derivative agreements.\"}],\"order\":2,\"text\":\"We are exposed to market valuation risks related to securities we hold that are carried at fair value. To mitigate the risks\\nwe maintain a diversified investment portfolio and, from time to time, we may enter into derivative agreements.\"},{\"bbox\":[61.2,202.9,557.4,272.2],\"lines\":[{\"bbox\":[86.2,203.4,557.4,224.2],\"text\":\"The following is a summary of the effect of a 10% increase or decrease in the carrying values of our financial instruments\"},{\"bbox\":[62.0,214.9,557.1,236.2],\"text\":\"subject to market valuation risks at September 30, 2017. If such a 10% increase or decrease in carrying values were to occur,\"},{\"bbox\":[61.7,226.9,556.9,248.2],\"text\":\"the changes from trading investment securities and direct investments in consolidated SIPs would result in a $183.0 million\"},{\"bbox\":[61.5,238.9,556.6,260.2],\"text\":\"increase or decrease in our pre-tax earnings. The changes from available-for-sale investment securities would not result in a\"},{\"bbox\":[61.2,250.9,457.2,270.2],\"text\":\"change to other-than-temporary impairment charges that would be material to our pre-tax earnings.\"}],\"order\":3,\"text\":\"The following is a summary of the effect of a 10% increase or decrease in the carrying values of our financial instruments\\nsubject to market valuation risks at September 30, 2017. If such a 10% increase or decrease in carrying values were to occur,\\nthe changes from trading investment securities and direct investments in consolidated SIPs would result in a $183.0 million\\nincrease or decrease in our pre-tax earnings. The changes from available-for-sale investment securities would not result in a\\nchange to other-than-temporary impairment charges that would be material to our pre-tax earnings.\"},{\"bbox\":[374.5,295.3,410.3,315.0],\"lines\":[{\"bbox\":[374.6,295.3,410.3,306.0],\"text\":\"Carrying\"},{\"bbox\":[381.4,304.5,403.2,314.9],\"text\":\"Value\"}],\"order\":4,\"text\":\"Carrying\\nValue\"},{\"bbox\":[63.3,297.9,107.7,308.8],\"lines\":[{\"bbox\":[63.3,297.9,107.7,308.8],\"text\":\"(in millions)\"}],\"order\":5,\"text\":\"(in millions)\"},{\"bbox\":[62.0,311.8,354.1,374.0],\"lines\":[{\"bbox\":[63.0,311.8,354.1,329.0],\"text\":\"Investment securities, trading. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[62.7,326.8,353.8,344.0],\"text\":\"Investment securities, available-for-sale . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[62.3,341.8,353.5,359.0],\"text\":\"Direct investments in consolidated SIPs . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[62.0,356.8,353.2,374.0],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Investment securities, trading. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInvestment securities, available-for-sale . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDirect investments in consolidated SIPs . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[293.6,742.6,303.8,753.9],\"lines\":[{\"bbox\":[293.6,742.6,303.8,753.9],\"text\":\"56\"}],\"order\":7,\"text\":\"56\"},{\"bbox\":[363.9,318.0,369.1,329.2],\"lines\":[{\"bbox\":[363.9,318.0,369.1,329.2],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[363.0,363.0,368.2,374.2],\"lines\":[{\"bbox\":[363.0,363.0,368.2,374.2],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[388.6,318.5,419.8,375.2],\"lines\":[{\"bbox\":[397.0,318.7,419.8,330.2],\"text\":\"314.5\"},{\"bbox\":[396.7,333.7,419.5,345.2],\"text\":\"112.7\"},{\"bbox\":[388.9,348.5,419.1,360.2],\"text\":\"1,514.8\"},{\"bbox\":[388.6,363.5,418.8,375.2],\"text\":\"1,942.0\"}],\"order\":10,\"text\":\"314.5\\n112.7\\n1,514.8\\n1,942.0\"},{\"bbox\":[431.9,278.6,485.2,316.6],\"lines\":[{\"bbox\":[441.0,278.8,476.7,289.5],\"text\":\"Carrying\"},{\"bbox\":[447.7,287.9,469.6,298.3],\"text\":\"Value\"},{\"bbox\":[436.0,296.7,480.9,307.5],\"text\":\"Assuming a\"},{\"bbox\":[431.9,305.6,484.7,316.6],\"text\":\"10% Increase\"}],\"order\":11,\"text\":\"Carrying\\nValue\\nAssuming a\\n10% Increase\"},{\"bbox\":[496.9,279.9,552.2,318.0],\"lines\":[{\"bbox\":[507.0,280.1,542.7,290.8],\"text\":\"Carrying\"},{\"bbox\":[513.7,289.3,535.6,299.7],\"text\":\"Value\"},{\"bbox\":[502.0,298.0,546.9,308.9],\"text\":\"Assuming a\"},{\"bbox\":[496.9,306.9,551.6,318.0],\"text\":\"10% Decrease\"}],\"order\":12,\"text\":\"Carrying\\nValue\\nAssuming a\\n10% Decrease\"},{\"bbox\":[429.9,319.4,435.1,330.5],\"lines\":[{\"bbox\":[429.9,319.4,435.1,330.5],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[495.9,320.7,501.1,331.9],\"lines\":[{\"bbox\":[495.9,320.7,501.1,331.9],\"text\":\"$\"}],\"order\":14,\"text\":\"$\"},{\"bbox\":[429.0,364.4,434.2,375.5],\"lines\":[{\"bbox\":[429.0,364.4,434.2,375.5],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[454.6,319.9,485.8,376.6],\"lines\":[{\"bbox\":[463.0,320.1,485.8,331.6],\"text\":\"346.0\"},{\"bbox\":[462.7,335.1,485.4,346.6],\"text\":\"124.0\"},{\"bbox\":[454.9,349.9,485.1,361.6],\"text\":\"1,666.3\"},{\"bbox\":[454.6,364.9,484.8,376.6],\"text\":\"2,136.3\"}],\"order\":16,\"text\":\"346.0\\n124.0\\n1,666.3\\n2,136.3\"},{\"bbox\":[494.9,365.7,500.2,376.9],\"lines\":[{\"bbox\":[494.9,365.7,500.2,376.9],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[520.6,321.3,551.7,377.9],\"lines\":[{\"bbox\":[529.0,321.4,551.7,333.0],\"text\":\"283.1\"},{\"bbox\":[528.7,336.4,551.4,348.0],\"text\":\"101.4\"},{\"bbox\":[520.9,351.3,551.1,363.0],\"text\":\"1,363.3\"},{\"bbox\":[520.6,366.3,550.8,377.9],\"text\":\"1,747.8\"}],\"order\":18,\"text\":\"283.1\\n101.4\\n1,363.3\\n1,747.8\"}],\"doc\":\"fintabnet:BEN_2017\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"A 10% weakening of the U.S. dollar against the various foreign currencies to which we had exposure as described above\\nwould result in corresponding 10% increases in the U.S. dollar values of the foreign currency assets and 10% decreases in\\nthe foreign currency values of the U.S. dollar assets. Such a weakening as of September 30, 2017 would result in a $77.5 million\\nincrease in accumulated other comprehensive income (loss) and a $40.2 million decrease in pre-tax earnings. We generally\\ndo not use derivative financial instruments to manage foreign currency exchange risk exposure. As a result, both positive and\\nnegative currency fluctuations against the U.S. dollar may affect our results of operations and accumulated other comprehensive\\nincome (loss).\\n\\nMarket Valuation Risk\\n\\nWe are exposed to market valuation risks related to securities we hold that are carried at fair value. To mitigate the risks\\nwe maintain a diversified investment portfolio and, from time to time, we may enter into derivative agreements.\\n\\nThe following is a summary of the effect of a 10% increase or decrease in the carrying values of our financial instruments\\nsubject to market valuation risks at September 30, 2017. If such a 10% increase or decrease in carrying values were to occur,\\nthe changes from trading investment securities and direct investments in consolidated SIPs would result in a $183.0 million\\nincrease or decrease in our pre-tax earnings. The changes from available-for-sale investment securities would not result in a\\nchange to other-than-temporary impairment charges that would be material to our pre-tax earnings.\\n\\nCarrying\\nValue\\n\\n(in millions)\\n\\nInvestment securities, trading. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInvestment securities, available-for-sale . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDirect investments in consolidated SIPs . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n56\\n\\n$\\n\\n$\\n\\n314.5\\n112.7\\n1,514.8\\n1,942.0\\n\\nCarrying\\nValue\\nAssuming a\\n10% Increase\\n\\nCarrying\\nValue\\nAssuming a\\n10% Decrease\\n\\n$\\n\\n$\\n\\n$\\n\\n346.0\\n124.0\\n1,666.3\\n2,136.3\\n\\n$\\n\\n283.1\\n101.4\\n1,363.3\\n1,747.8\",\"name\":\"fintabnet.BEN_2017_page_70__72dpi_medium\",\"page_id\":\"fintabnet.BEN_2017_page_70\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.187,\"source\":\"fintabnet\",\"source_id\":\"BEN_2017_page_70\",\"stack\":[{\"deg\":-1.187,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.964},{\"op\":\"noise\",\"sigma\":7.901},{\"gain\":0.689,\"op\":\"contrast\"},{\"bias\":0.138,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":30}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[62.0,270.9,552.6,377.9],\"block_orders\":[4,5,6,8,9,10,11,12,13,14,15,16,17,18],\"cells\":null}],\"text\":\"A 10% weakening of the U.S. dollar against the various foreign currencies to which we had exposure as described above\\nwould result in corresponding 10% increases in the U.S. dollar values of the foreign currency assets and 10% decreases in\\nthe foreign currency values of the U.S. dollar assets. Such a weakening as of September 30, 2017 would result in a $77.5 million\\nincrease in accumulated other comprehensive income (loss) and a $40.2 million decrease in pre-tax earnings. We generally\\ndo not use derivative financial instruments to manage foreign currency exchange risk exposure. As a result, both positive and\\nnegative currency fluctuations against the U.S. dollar may affect our results of operations and accumulated other comprehensive\\nincome (loss).\\n\\nMarket Valuation Risk\\n\\nWe are exposed to market valuation risks related to securities we hold that are carried at fair value. To mitigate the risks\\nwe maintain a diversified investment portfolio and, from time to time, we may enter into derivative agreements.\\n\\nThe following is a summary of the effect of a 10% increase or decrease in the carrying values of our financial instruments\\nsubject to market valuation risks at September 30, 2017. If such a 10% increase or decrease in carrying values were to occur,\\nthe changes from trading investment securities and direct investments in consolidated SIPs would result in a $183.0 million\\nincrease or decrease in our pre-tax earnings. 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BEN_2019_page_83\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:BEN_2019\",\"ground_truth\":{\"blocks\":[{\"bbox\":[136.2,125.6,1515.5,328.0],\"lines\":[{\"bbox\":[200.0,125.6,1511.7,192.9],\"text\":\"Goodwill and indefinite-lived intangible assets are tested for impairment annually as of August 1 and when an event\"},{\"bbox\":[137.1,159.0,1512.5,228.0],\"text\":\"occurs or circumstances change that more likely than not reduce the fair value of the related reporting unit or indefinite-lived\"},{\"bbox\":[138.0,192.3,1513.7,261.3],\"text\":\"intangible asset below its carrying value. The Company has one reporting unit, investment management and related services,\"},{\"bbox\":[138.9,225.6,1514.5,294.6],\"text\":\"consistent with its single operating segment, to which all goodwill has been assigned. Amortization and impairment are\"},{\"bbox\":[139.9,279.8,766.8,328.0],\"text\":\"recognized in general, administrative and other expense.\"}],\"order\":0,\"text\":\"Goodwill and indefinite-lived intangible assets are tested for impairment annually as of August 1 and when an event\\noccurs or circumstances change that more likely than not reduce the fair value of the related reporting unit or indefinite-lived\\nintangible asset below its carrying value. The Company has one reporting unit, investment management and related services,\\nconsistent with its single operating segment, to which all goodwill has been assigned. Amortization and impairment are\\nrecognized in general, administrative and other expense.\"},{\"bbox\":[141.5,317.2,1521.8,552.9],\"lines\":[{\"bbox\":[205.4,317.2,1517.1,384.5],\"text\":\"Goodwill and indefinite-lived intangible assets may first be assessed for qualitative factors to determine whether it is\"},{\"bbox\":[142.4,350.5,1518.1,419.6],\"text\":\"necessary to perform a quantitative impairment test. The qualitative analysis considers entity-specific and macroeconomic\"},{\"bbox\":[143.3,383.9,1519.0,452.9],\"text\":\"factors and their potential impact on the key assumptions used in the determination of the fair value of the reporting unit or\"},{\"bbox\":[144.3,417.2,1519.7,486.2],\"text\":\"indefinite-lived intangible asset. A quantitative impairment test is performed if the results of the qualitative assessment indicate\"},{\"bbox\":[145.2,450.5,1520.6,519.5],\"text\":\"that it is more likely than not that the fair value of the reporting unit is less than its carrying value or an indefinite-lived\"},{\"bbox\":[146.1,498.9,982.3,552.9],\"text\":\"intangible asset is impaired, or if a qualitative assessment is not performed.\"}],\"order\":1,\"text\":\"Goodwill and indefinite-lived intangible assets may first be assessed for qualitative factors to determine whether it is\\nnecessary to perform a quantitative impairment test. The qualitative analysis considers entity-specific and macroeconomic\\nfactors and their potential impact on the key assumptions used in the determination of the fair value of the reporting unit or\\nindefinite-lived intangible asset. A quantitative impairment test is performed if the results of the qualitative assessment indicate\\nthat it is more likely than not that the fair value of the reporting unit is less than its carrying value or an indefinite-lived\\nintangible asset is impaired, or if a qualitative assessment is not performed.\"},{\"bbox\":[147.8,542.1,1525.3,677.8],\"lines\":[{\"bbox\":[211.6,542.1,1523.4,609.4],\"text\":\"If a quantitative goodwill impairment test indicates that the carrying value of the goodwill exceeds the fair value of the\"},{\"bbox\":[148.7,575.5,1524.3,644.5],\"text\":\"reporting unit, impairment is recognized in the amount of the excess of the carrying value over the implied fair value of the\"},{\"bbox\":[149.6,615.3,1292.0,677.8],\"text\":\"goodwill, which considers the fair value assigned to all other assets and liabilities of the reporting unit.\"}],\"order\":2,\"text\":\"If a quantitative goodwill impairment test indicates that the carrying value of the goodwill exceeds the fair value of the\\nreporting unit, impairment is recognized in the amount of the excess of the carrying value over the implied fair value of the\\ngoodwill, which considers the fair value assigned to all other assets and liabilities of the reporting unit.\"},{\"bbox\":[151.2,667.1,1527.9,769.5],\"lines\":[{\"bbox\":[215.1,667.1,1526.9,734.4],\"text\":\"If a quantitative indefinite-lived intangible assets impairment test indicates that the carrying value of the asset exceeds\"},{\"bbox\":[152.2,713.5,1058.7,769.5],\"text\":\"the fair value, impairment is recognized in the amount of the difference in values.\"}],\"order\":3,\"text\":\"If a quantitative indefinite-lived intangible assets impairment test indicates that the carrying value of the asset exceeds\\nthe fair value, impairment is recognized in the amount of the difference in values.\"},{\"bbox\":[153.8,758.7,1531.3,894.4],\"lines\":[{\"bbox\":[217.7,758.7,1529.4,826.0],\"text\":\"The fair values of the reporting unit and indefinite-lived intangible assets are based on the net present value of estimated\"},{\"bbox\":[154.7,792.0,1530.3,861.1],\"text\":\"future cash flows, which include assumptions about the AUM growth rate, pre-tax profit margin, average effective fee rate,\"},{\"bbox\":[155.6,852.8,546.2,894.4],\"text\":\"effective tax rate and discount rate.\"}],\"order\":4,\"text\":\"The fair values of the reporting unit and indefinite-lived intangible assets are based on the net present value of estimated\\nfuture cash flows, which include assumptions about the AUM growth rate, pre-tax profit margin, average effective fee rate,\\neffective tax rate and discount rate.\"},{\"bbox\":[157.3,883.7,1537.6,1119.3],\"lines\":[{\"bbox\":[221.1,883.7,1532.9,950.9],\"text\":\"Definite-lived intangible assets are tested for impairment quarterly. Impairment is indicated when the carrying value of\"},{\"bbox\":[158.2,917.0,1533.9,986.0],\"text\":\"an asset is not recoverable and exceeds its fair value. Recoverability is evaluated based on estimated undiscounted future cash\"},{\"bbox\":[159.1,950.3,1534.8,1019.4],\"text\":\"flows using assumptions about the AUM growth rate, pre-tax profit margin, average effective fee rate and expected useful\"},{\"bbox\":[160.1,983.6,1535.6,1052.7],\"text\":\"lives. If the carrying value of an asset is not recoverable through undiscounted cash flows, impairment is recognized in the\"},{\"bbox\":[161.0,1017.0,1536.6,1086.0],\"text\":\"amount by which the carrying value exceeds the asset’s fair value, as determined by discounted cash flows or other methods\"},{\"bbox\":[161.9,1078.6,522.2,1119.3],\"text\":\"as appropriate for the asset type.\"}],\"order\":5,\"text\":\"Definite-lived intangible assets are tested for impairment quarterly. Impairment is indicated when the carrying value of\\nan asset is not recoverable and exceeds its fair value. Recoverability is evaluated based on estimated undiscounted future cash\\nflows using assumptions about the AUM growth rate, pre-tax profit margin, average effective fee rate and expected useful\\nlives. If the carrying value of an asset is not recoverable through undiscounted cash flows, impairment is recognized in the\\namount by which the carrying value exceeds the asset’s fair value, as determined by discounted cash flows or other methods\\nas appropriate for the asset type.\"},{\"bbox\":[163.5,1108.6,1542.9,1310.9],\"lines\":[{\"bbox\":[227.4,1108.6,1539.1,1175.8],\"text\":\"Fair Value Measurements. The Company uses a three-level fair value hierarchy that prioritizes the inputs to valuation\"},{\"bbox\":[164.5,1141.9,1540.2,1210.9],\"text\":\"techniques used to measure fair value based on whether the inputs to those valuation techniques are observable or unobservable.\"},{\"bbox\":[165.4,1175.2,1540.8,1244.3],\"text\":\"The three levels of fair value hierarchy are set forth below. The assessment of the hierarchy level of the assets or liabilities\"},{\"bbox\":[166.3,1208.5,1541.9,1277.6],\"text\":\"measured at fair value is determined based on the lowest level input that is significant to the fair value measurement in its\"},{\"bbox\":[167.3,1277.7,258.1,1310.9],\"text\":\"entirety.\"}],\"order\":6,\"text\":\"Fair Value Measurements. The Company uses a three-level fair value hierarchy that prioritizes the inputs to valuation\\ntechniques used to measure fair value based on whether the inputs to those valuation techniques are observable or unobservable.\\nThe three levels of fair value hierarchy are set forth below. The assessment of the hierarchy level of the assets or liabilities\\nmeasured at fair value is determined based on the lowest level input that is significant to the fair value measurement in its\\nentirety.\"},{\"bbox\":[239.9,1343.7,324.9,1376.8],\"lines\":[{\"bbox\":[239.9,1343.7,324.9,1376.8],\"text\":\"Level 1\"}],\"order\":7,\"text\":\"Level 1\"},{\"bbox\":[364.9,1311.8,1469.3,1406.6],\"lines\":[{\"bbox\":[364.9,1311.8,1468.3,1373.3],\"text\":\"Unadjusted quoted prices in active markets for identical assets or liabilities, which may include\"},{\"bbox\":[365.8,1359.1,967.7,1406.6],\"text\":\"published net asset values (“NAV”) for fund products.\"}],\"order\":8,\"text\":\"Unadjusted quoted prices in active markets for identical assets or liabilities, which may include\\npublished net asset values (“NAV”) for fund products.\"},{\"bbox\":[242.2,1424.2,327.1,1457.3],\"lines\":[{\"bbox\":[242.2,1424.2,327.1,1457.3],\"text\":\"Level 2\"}],\"order\":9,\"text\":\"Level 2\"},{\"bbox\":[367.1,1392.4,1477.1,1687.1],\"lines\":[{\"bbox\":[367.2,1392.4,1470.6,1453.8],\"text\":\"Observable inputs other than Level 1 quoted prices, such as non-binding quoted prices for similar\"},{\"bbox\":[368.1,1425.7,1471.5,1487.1],\"text\":\"assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in\"},{\"bbox\":[369.0,1459.0,1472.5,1520.5],\"text\":\"markets that are not active; or inputs other than quoted prices that are observable or corroborated by\"},{\"bbox\":[369.9,1492.3,1473.4,1553.8],\"text\":\"observable market data. Level 2 quoted prices are generally obtained from two independent third-\"},{\"bbox\":[370.9,1525.6,1474.3,1587.1],\"text\":\"party brokers or dealers, including prices derived from model-based valuation techniques for which\"},{\"bbox\":[371.8,1559.0,1475.3,1620.4],\"text\":\"the significant assumptions are observable in the market or corroborated by observable market data.\"},{\"bbox\":[372.7,1592.3,1476.1,1653.7],\"text\":\"Quoted prices are validated through price variance analysis, subsequent sales testing, stale price\"},{\"bbox\":[373.6,1625.9,1464.7,1687.1],\"text\":\"review, price comparison across pricing vendors and due diligence reviews of third-party vendors.\"}],\"order\":10,\"text\":\"Observable inputs other than Level 1 quoted prices, such as non-binding quoted prices for similar\\nassets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in\\nmarkets that are not active; or inputs other than quoted prices that are observable or corroborated by\\nobservable market data. Level 2 quoted prices are generally obtained from two independent third-\\nparty brokers or dealers, including prices derived from model-based valuation techniques for which\\nthe significant assumptions are observable in the market or corroborated by observable market data.\\nQuoted prices are validated through price variance analysis, subsequent sales testing, stale price\\nreview, price comparison across pricing vendors and due diligence reviews of third-party vendors.\"},{\"bbox\":[250.2,1713.0,335.2,1746.1],\"lines\":[{\"bbox\":[250.2,1713.0,335.2,1746.1],\"text\":\"Level 3\"}],\"order\":11,\"text\":\"Level 3\"},{\"bbox\":[375.2,1681.1,1480.6,1809.2],\"lines\":[{\"bbox\":[375.2,1681.1,1478.7,1742.6],\"text\":\"Unobservable inputs that are supported by little or no market activity. These inputs require significant\"},{\"bbox\":[376.1,1714.4,1479.6,1775.9],\"text\":\"management judgment and reflect the Company’s estimation of assumptions that market participants\"},{\"bbox\":[377.0,1765.7,835.8,1809.2],\"text\":\"would use in pricing the asset or liability.\"}],\"order\":12,\"text\":\"Unobservable inputs that are supported by little or no market activity. These inputs require significant\\nmanagement judgment and reflect the Company’s estimation of assumptions that market participants\\nwould use in pricing the asset or liability.\"},{\"bbox\":[183.2,1812.5,1562.7,2014.8],\"lines\":[{\"bbox\":[249.8,1812.5,1558.8,1879.7],\"text\":\"Quoted market prices may be adjusted if events occur, such as significant price changes in proxies traded in relevant\"},{\"bbox\":[184.1,1845.8,1560.0,1914.8],\"text\":\"markets after the close of corresponding markets, trade halts or suspensions, or unscheduled market closures. These proxies\"},{\"bbox\":[185.0,1879.1,1560.6,1948.2],\"text\":\"consist of correlated country-specific exchange-traded securities, such as futures, American Depositary Receipts indices or\"},{\"bbox\":[185.9,1912.4,1561.6,1981.5],\"text\":\"exchange-traded funds. The price adjustments are primarily determined based on third-party factors derived from model-\"},{\"bbox\":[186.9,1954.8,1239.0,2014.8],\"text\":\"based valuation techniques for which the significant assumptions are observable in the market.\"}],\"order\":13,\"text\":\"Quoted market prices may be adjusted if events occur, such as significant price changes in proxies traded in relevant\\nmarkets after the close of corresponding markets, trade halts or suspensions, or unscheduled market closures. These proxies\\nconsist of correlated country-specific exchange-traded securities, such as futures, American Depositary Receipts indices or\\nexchange-traded funds. The price adjustments are primarily determined based on third-party factors derived from model-\\nbased valuation techniques for which the significant assumptions are observable in the market.\"},{\"bbox\":[863.0,2064.5,891.6,2096.0],\"lines\":[{\"bbox\":[863.0,2064.5,891.6,2096.0],\"text\":\"69\"}],\"order\":14,\"text\":\"69\"}],\"doc\":\"fintabnet:BEN_2019\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"Goodwill and indefinite-lived intangible assets are tested for impairment annually as of August 1 and when an event\\noccurs or circumstances change that more likely than not reduce the fair value of the related reporting unit or indefinite-lived\\nintangible asset below its carrying value. The Company has one reporting unit, investment management and related services,\\nconsistent with its single operating segment, to which all goodwill has been assigned. Amortization and impairment are\\nrecognized in general, administrative and other expense.\\n\\nGoodwill and indefinite-lived intangible assets may first be assessed for qualitative factors to determine whether it is\\nnecessary to perform a quantitative impairment test. The qualitative analysis considers entity-specific and macroeconomic\\nfactors and their potential impact on the key assumptions used in the determination of the fair value of the reporting unit or\\nindefinite-lived intangible asset. A quantitative impairment test is performed if the results of the qualitative assessment indicate\\nthat it is more likely than not that the fair value of the reporting unit is less than its carrying value or an indefinite-lived\\nintangible asset is impaired, or if a qualitative assessment is not performed.\\n\\nIf a quantitative goodwill impairment test indicates that the carrying value of the goodwill exceeds the fair value of the\\nreporting unit, impairment is recognized in the amount of the excess of the carrying value over the implied fair value of the\\ngoodwill, which considers the fair value assigned to all other assets and liabilities of the reporting unit.\\n\\nIf a quantitative indefinite-lived intangible assets impairment test indicates that the carrying value of the asset exceeds\\nthe fair value, impairment is recognized in the amount of the difference in values.\\n\\nThe fair values of the reporting unit and indefinite-lived intangible assets are based on the net present value of estimated\\nfuture cash flows, which include assumptions about the AUM growth rate, pre-tax profit margin, average effective fee rate,\\neffective tax rate and discount rate.\\n\\nDefinite-lived intangible assets are tested for impairment quarterly. Impairment is indicated when the carrying value of\\nan asset is not recoverable and exceeds its fair value. Recoverability is evaluated based on estimated undiscounted future cash\\nflows using assumptions about the AUM growth rate, pre-tax profit margin, average effective fee rate and expected useful\\nlives. If the carrying value of an asset is not recoverable through undiscounted cash flows, impairment is recognized in the\\namount by which the carrying value exceeds the asset’s fair value, as determined by discounted cash flows or other methods\\nas appropriate for the asset type.\\n\\nFair Value Measurements. The Company uses a three-level fair value hierarchy that prioritizes the inputs to valuation\\ntechniques used to measure fair value based on whether the inputs to those valuation techniques are observable or unobservable.\\nThe three levels of fair value hierarchy are set forth below. The assessment of the hierarchy level of the assets or liabilities\\nmeasured at fair value is determined based on the lowest level input that is significant to the fair value measurement in its\\nentirety.\\n\\nLevel 1\\n\\nUnadjusted quoted prices in active markets for identical assets or liabilities, which may include\\npublished net asset values (“NAV”) for fund products.\\n\\nLevel 2\\n\\nObservable inputs other than Level 1 quoted prices, such as non-binding quoted prices for similar\\nassets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in\\nmarkets that are not active; or inputs other than quoted prices that are observable or corroborated by\\nobservable market data. Level 2 quoted prices are generally obtained from two independent third-\\nparty brokers or dealers, including prices derived from model-based valuation techniques for which\\nthe significant assumptions are observable in the market or corroborated by observable market data.\\nQuoted prices are validated through price variance analysis, subsequent sales testing, stale price\\nreview, price comparison across pricing vendors and due diligence reviews of third-party vendors.\\n\\nLevel 3\\n\\nUnobservable inputs that are supported by little or no market activity. These inputs require significant\\nmanagement judgment and reflect the Company’s estimation of assumptions that market participants\\nwould use in pricing the asset or liability.\\n\\nQuoted market prices may be adjusted if events occur, such as significant price changes in proxies traded in relevant\\nmarkets after the close of corresponding markets, trade halts or suspensions, or unscheduled market closures. These proxies\\nconsist of correlated country-specific exchange-traded securities, such as futures, American Depositary Receipts indices or\\nexchange-traded funds. The price adjustments are primarily determined based on third-party factors derived from model-\\nbased valuation techniques for which the significant assumptions are observable in the market.\\n\\n69\",\"name\":\"fintabnet.BEN_2019_page_83__200dpi_medium\",\"page_id\":\"fintabnet.BEN_2019_page_83\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.596,\"source\":\"fintabnet\",\"source_id\":\"BEN_2019_page_83\",\"stack\":[{\"deg\":1.596,\"op\":\"skew\"},{\"gain\":0.803,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":61}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[239.9,1311.8,1480.6,1812.7],\"block_orders\":[7,8,9,10,11,12],\"cells\":null}],\"text\":\"Goodwill and indefinite-lived intangible assets are tested for impairment annually as of August 1 and when an event\\noccurs or circumstances change that more likely than not reduce the fair value of the related reporting unit or indefinite-lived\\nintangible asset below its carrying value. The Company has one reporting unit, investment management and related services,\\nconsistent with its single operating segment, to which all goodwill has been assigned. Amortization and impairment are\\nrecognized in general, administrative and other expense.\\n\\nGoodwill and indefinite-lived intangible assets may first be assessed for qualitative factors to determine whether it is\\nnecessary to perform a quantitative impairment test. The qualitative analysis considers entity-specific and macroeconomic\\nfactors and their potential impact on the key assumptions used in the determination of the fair value of the reporting unit or\\nindefinite-lived intangible asset. A quantitative impairment test is performed if the results of the qualitative assessment indicate\\nthat it is more likely than not that the fair value of the reporting unit is less than its carrying value or an indefinite-lived\\nintangible asset is impaired, or if a qualitative assessment is not performed.\\n\\nIf a quantitative goodwill impairment test indicates that the carrying value of the goodwill exceeds the fair value of the\\nreporting unit, impairment is recognized in the amount of the excess of the carrying value over the implied fair value of the\\ngoodwill, which considers the fair value assigned to all other assets and liabilities of the reporting unit.\\n\\nIf a quantitative indefinite-lived intangible assets impairment test indicates that the carrying value of the asset exceeds\\nthe fair value, impairment is recognized in the amount of the difference in values.\\n\\nThe fair values of the reporting unit and indefinite-lived intangible assets are based on the net present value of estimated\\nfuture cash flows, which include assumptions about the AUM growth rate, pre-tax profit margin, average effective fee rate,\\neffective tax rate and discount rate.\\n\\nDefinite-lived intangible assets are tested for impairment quarterly. Impairment is indicated when the carrying value of\\nan asset is not recoverable and exceeds its fair value. Recoverability is evaluated based on estimated undiscounted future cash\\nflows using assumptions about the AUM growth rate, pre-tax profit margin, average effective fee rate and expected useful\\nlives. If the carrying value of an asset is not recoverable through undiscounted cash flows, impairment is recognized in the\\namount by which the carrying value exceeds the asset’s fair value, as determined by discounted cash flows or other methods\\nas appropriate for the asset type.\\n\\nFair Value Measurements. The Company uses a three-level fair value hierarchy that prioritizes the inputs to valuation\\ntechniques used to measure fair value based on whether the inputs to those valuation techniques are observable or unobservable.\\nThe three levels of fair value hierarchy are set forth below. The assessment of the hierarchy level of the assets or liabilities\\nmeasured at fair value is determined based on the lowest level input that is significant to the fair value measurement in its\\nentirety.\\n\\nLevel 1\\n\\nUnadjusted quoted prices in active markets for identical assets or liabilities, which may include\\npublished net asset values (“NAV”) for fund products.\\n\\nLevel 2\\n\\nObservable inputs other than Level 1 quoted prices, such as non-binding quoted prices for similar\\nassets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in\\nmarkets that are not active; or inputs other than quoted prices that are observable or corroborated by\\nobservable market data. Level 2 quoted prices are generally obtained from two independent third-\\nparty brokers or dealers, including prices derived from model-based valuation techniques for which\\nthe significant assumptions are observable in the market or corroborated by observable market data.\\nQuoted prices are validated through price variance analysis, subsequent sales testing, stale price\\nreview, price comparison across pricing vendors and due diligence reviews of third-party vendors.\\n\\nLevel 3\\n\\nUnobservable inputs that are supported by little or no market activity. These inputs require significant\\nmanagement judgment and reflect the Company’s estimation of assumptions that market participants\\nwould use in pricing the asset or liability.\\n\\nQuoted market prices may be adjusted if events occur, such as significant price changes in proxies traded in relevant\\nmarkets after the close of corresponding markets, trade halts or suspensions, or unscheduled market closures. These proxies\\nconsist of correlated country-specific exchange-traded securities, such as futures, American Depositary Receipts indices or\\nexchange-traded funds. The price adjustments are primarily determined based on third-party factors derived from model-\\nbased valuation techniques for which the significant assumptions are observable in the market.\\n\\n69\"},\"name\":\"fintabnet.BEN_2019_page_83__200dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":426790,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:BEN_2019\",\"dpi\":200,\"gt_sha256\":\"0fd9f11b16f7f7cf97caec4a37cef8329d44e281eb122e468b1a294890932e68\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.BEN_2019_page_83__200dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.BEN_2019_page_83\",\"pdf_sha256\":\"82c5c4afe6361de6d1fc3a3e876cd095d2a83a70bdba8d76d786c3bef88f9247\",\"px\":[1700,2200],\"scan\":{\"render\":\"00003ffc3f7c7ff43ff83ffc3ff03ffc3ffc00001ffc1ffc0ffc1ffc3f000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"BEN_2019_page_83\",\"src\":{\"file_sha256\":\"681951294974bbe404f1e3da2b5f3a22d55556e6853552fe2ce38f24c9b91eda\",\"render\":\"00003ffc3ffc3ffc3ff03fc43ffc3ffc3ffc0f800ff80ff80f183ffc00000000\",\"text\":\"8f2b74bd18ade64fcfc496d6d556d56aa4fb2008217d194cd18c5b958c7dce99\"},\"stack\":[{\"deg\":1.596,\"op\":\"skew\"},{\"gain\":0.803,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":61}],\"tools\":\"21647cade0ee\"},\"sha256\":\"82c5c4afe6361de6d1fc3a3e876cd095d2a83a70bdba8d76d786c3bef88f9247\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/82c5c4afe6361de6d1fc3a3e876cd095d2a83a70bdba8d76d786c3bef88f9247.pdf","asset_sha256":"82c5c4afe6361de6d1fc3a3e876cd095d2a83a70bdba8d76d786c3bef88f9247","document_id":"fintabnet:BEN_2019","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BEN_2019_page_83\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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$\"},{\"bbox\":[983.6,349.7,1024.4,374.2],\"text\":\"(1.8)\"},{\"bbox\":[984.7,380.0,1050.5,405.5],\"text\":\"(4.4) $\"}],\"order\":22,\"text\":\"(2.6) $\\n(1.8)\\n(4.4) $\"},{\"bbox\":[1081.0,314.7,1131.0,401.9],\"lines\":[{\"bbox\":[1081.0,314.7,1128.7,339.5],\"text\":\"178.6\"},{\"bbox\":[1092.6,346.0,1129.9,370.3],\"text\":\"15.5\"},{\"bbox\":[1083.3,377.2,1131.0,401.9],\"text\":\"194.1\"}],\"order\":23,\"text\":\"178.6\\n15.5\\n194.1\"},{\"bbox\":[109.5,315.7,308.2,343.7],\"lines\":[{\"bbox\":[109.5,315.7,308.2,343.7],\"text\":\"as of September 30, 2018\"}],\"order\":24,\"text\":\"as of September 30, 2018\"},{\"bbox\":[110.5,331.1,682.0,437.6],\"lines\":[{\"bbox\":[110.5,331.1,679.7,375.1],\"text\":\"Sponsored funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[111.7,362.4,680.9,406.3],\"text\":\"Debt and other equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[112.8,393.6,682.0,437.6],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":25,\"text\":\"Sponsored funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDebt and other equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[702.0,392.4,713.2,415.8],\"lines\":[{\"bbox\":[702.0,392.4,713.2,415.8],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[814.4,388.3,825.7,411.7],\"lines\":[{\"bbox\":[814.4,388.3,825.7,411.7],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[926.8,384.2,938.1,407.6],\"lines\":[{\"bbox\":[926.8,384.2,938.1,407.6],\"text\":\"$\"}],\"order\":28,\"text\":\"$\"},{\"bbox\":[108.6,431.8,1142.0,542.5],\"lines\":[{\"bbox\":[158.5,431.8,1140.2,490.7],\"text\":\"There were no gross unrealized losses relating to investment securities, available-for-sale at September 30, 2019. Such\"},{\"bbox\":[109.5,456.8,1141.1,517.5],\"text\":\"losses at September 30, 2018 aggregated by length of time that individual securities were in a continuous unrealized loss\"},{\"bbox\":[110.4,511.8,320.0,542.5],\"text\":\"position were as follows:\"}],\"order\":29,\"text\":\"There were no gross unrealized losses relating to investment securities, available-for-sale at September 30, 2019. Such\\nlosses at September 30, 2018 aggregated by length of time that individual securities were in a continuous unrealized loss\\nposition were as follows:\"},{\"bbox\":[119.2,586.9,212.1,611.0],\"lines\":[{\"bbox\":[119.2,586.9,212.1,611.0],\"text\":\"(in millions)\"}],\"order\":30,\"text\":\"(in millions)\"},{\"bbox\":[120.3,613.9,319.1,641.8],\"lines\":[{\"bbox\":[120.3,613.9,319.1,641.8],\"text\":\"as of September 30, 2018\"}],\"order\":31,\"text\":\"as of September 30, 2018\"},{\"bbox\":[121.4,637.5,468.1,735.7],\"lines\":[{\"bbox\":[121.4,637.5,465.8,673.2],\"text\":\"Sponsored funds. . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[122.5,668.7,466.9,704.5],\"text\":\"Debt and other equity securities. . . . . . . .\"},{\"bbox\":[123.7,699.9,468.1,735.7],\"text\":\"Total. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":32,\"text\":\"Sponsored funds. . . . . . . . . . . . . . . . . . . .\\nDebt and other equity securities. . . . . . . .\\nTotal. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[486.6,542.1,687.6,634.6],\"lines\":[{\"bbox\":[498.5,542.6,671.4,569.6],\"text\":\"Less Than 12 Months\"},{\"bbox\":[618.5,570.0,665.9,592.5],\"text\":\"Gross\"},{\"bbox\":[598.8,588.0,686.9,612.0],\"text\":\"Unrealized\"},{\"bbox\":[488.7,604.6,573.8,628.4],\"text\":\"Fair Value\"},{\"bbox\":[617.0,607.3,669.8,630.0],\"text\":\"Losses\"}],\"order\":33,\"text\":\"Less Than 12 Months\\nGross\\nUnrealized\\nFair Value\\nLosses\"},{\"bbox\":[485.7,636.3,497.0,659.7],\"lines\":[{\"bbox\":[485.7,636.3,497.0,659.7],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[488.0,698.8,499.3,722.2],\"lines\":[{\"bbox\":[488.0,698.8,499.3,722.2],\"text\":\"$\"}],\"order\":35,\"text\":\"$\"},{\"bbox\":[540.2,633.4,579.7,720.2],\"lines\":[{\"bbox\":[540.2,633.4,577.5,657.8],\"text\":\"48.8\"},{\"bbox\":[541.3,664.6,578.6,689.0],\"text\":\"10.9\"},{\"bbox\":[542.5,695.8,579.7,720.2],\"text\":\"59.7\"}],\"order\":36,\"text\":\"48.8\\n10.9\\n59.7\"},{\"bbox\":[711.5,533.9,912.4,626.4],\"lines\":[{\"bbox\":[722.2,534.4,897.8,561.5],\"text\":\"12 Months or Greater\"},{\"bbox\":[843.3,561.8,890.7,584.3],\"text\":\"Gross\"},{\"bbox\":[823.7,579.8,911.7,603.8],\"text\":\"Unrealized\"},{\"bbox\":[713.6,596.4,798.7,620.2],\"text\":\"Fair Value\"},{\"bbox\":[841.9,599.1,894.7,621.7],\"text\":\"Losses\"}],\"order\":37,\"text\":\"12 Months or Greater\\nGross\\nUnrealized\\nFair Value\\nLosses\"},{\"bbox\":[656.0,628.0,724.1,716.0],\"lines\":[{\"bbox\":[656.0,628.0,721.8,653.5],\"text\":\"(2.1) $\"},{\"bbox\":[657.2,660.2,698.0,684.7],\"text\":\"(1.8)\"},{\"bbox\":[658.3,690.5,724.1,716.0],\"text\":\"(3.9) $\"}],\"order\":38,\"text\":\"(2.1) $\\n(1.8)\\n(3.9) $\"},{\"bbox\":[598.2,632.2,609.4,655.6],\"lines\":[{\"bbox\":[598.2,632.2,609.4,655.6],\"text\":\"$\"}],\"order\":39,\"text\":\"$\"},{\"bbox\":[600.4,694.7,611.7,718.1],\"lines\":[{\"bbox\":[600.4,694.7,611.7,718.1],\"text\":\"$\"}],\"order\":40,\"text\":\"$\"},{\"bbox\":[765.0,625.2,804.6,712.0],\"lines\":[{\"bbox\":[765.0,625.2,802.3,649.6],\"text\":\"21.0\"},{\"bbox\":[781.8,656.4,803.5,680.2],\"text\":\"—\"},{\"bbox\":[767.3,687.6,804.6,712.0],\"text\":\"21.0\"}],\"order\":41,\"text\":\"21.0\\n—\\n21.0\"},{\"bbox\":[1013.8,528.6,1056.4,550.9],\"lines\":[{\"bbox\":[1013.8,528.6,1056.4,550.9],\"text\":\"Total\"}],\"order\":42,\"text\":\"Total\"},{\"bbox\":[938.5,588.2,1023.5,612.0],\"lines\":[{\"bbox\":[938.5,588.2,1023.5,612.0],\"text\":\"Fair Value\"}],\"order\":43,\"text\":\"Fair Value\"},{\"bbox\":[880.9,619.8,949.0,707.8],\"lines\":[{\"bbox\":[880.9,619.8,946.7,645.3],\"text\":\"(0.5) $\"},{\"bbox\":[894.2,652.3,915.9,676.1],\"text\":\"—\"},{\"bbox\":[883.2,682.2,949.0,707.8],\"text\":\"(0.5) $\"}],\"order\":44,\"text\":\"(0.5) $\\n—\\n(0.5) $\"},{\"bbox\":[823.0,624.0,834.3,647.4],\"lines\":[{\"bbox\":[823.0,624.0,834.3,647.4],\"text\":\"$\"}],\"order\":45,\"text\":\"$\"},{\"bbox\":[825.3,686.5,836.5,709.9],\"lines\":[{\"bbox\":[825.3,686.5,836.5,709.9],\"text\":\"$\"}],\"order\":46,\"text\":\"$\"},{\"bbox\":[1047.9,552.9,1137.1,614.2],\"lines\":[{\"bbox\":[1068.2,553.6,1115.4,576.1],\"text\":\"Gross\"},{\"bbox\":[1048.5,571.6,1136.4,595.6],\"text\":\"Unrealized\"},{\"bbox\":[1066.7,590.9,1119.5,613.5],\"text\":\"Losses\"}],\"order\":47,\"text\":\"Gross\\nUnrealized\\nLosses\"},{\"bbox\":[989.9,617.0,1029.4,703.8],\"lines\":[{\"bbox\":[989.9,617.0,1027.2,641.4],\"text\":\"69.8\"},{\"bbox\":[991.0,648.2,1028.3,672.6],\"text\":\"10.9\"},{\"bbox\":[992.2,679.4,1029.4,703.8],\"text\":\"80.7\"}],\"order\":48,\"text\":\"69.8\\n10.9\\n80.7\"},{\"bbox\":[1105.7,612.5,1148.8,699.5],\"lines\":[{\"bbox\":[1105.7,612.5,1146.5,637.0],\"text\":\"(2.6)\"},{\"bbox\":[1106.9,643.8,1147.7,668.3],\"text\":\"(1.8)\"},{\"bbox\":[1108.0,675.0,1148.8,699.5],\"text\":\"(4.4)\"}],\"order\":49,\"text\":\"(2.6)\\n(1.8)\\n(4.4)\"},{\"bbox\":[1047.9,615.8,1059.1,639.2],\"lines\":[{\"bbox\":[1047.9,615.8,1059.1,639.2],\"text\":\"$\"}],\"order\":50,\"text\":\"$\"},{\"bbox\":[1050.1,678.3,1061.4,701.7],\"lines\":[{\"bbox\":[1050.1,678.3,1061.4,701.7],\"text\":\"$\"}],\"order\":51,\"text\":\"$\"},{\"bbox\":[119.3,727.5,1151.9,813.1],\"lines\":[{\"bbox\":[169.3,727.5,1150.9,786.3],\"text\":\"The Company recognized other-than-temporary impairment of $10.5 million in earnings during fiscal year 2019, and\"},{\"bbox\":[120.3,770.5,658.3,813.1],\"text\":\"$1.7 million and $0.8 million during fiscal years 2018 and 2017.\"}],\"order\":52,\"text\":\"The Company recognized other-than-temporary impairment of $10.5 million in earnings during fiscal year 2019, and\\n$1.7 million and $0.8 million during fiscal years 2018 and 2017.\"},{\"bbox\":[122.2,832.0,429.3,866.2],\"lines\":[{\"bbox\":[122.2,832.0,429.3,866.2],\"text\":\"Note 7 – Fair Value Measurements\"}],\"order\":53,\"text\":\"Note 7 – Fair Value Measurements\"},{\"bbox\":[123.8,849.3,1157.2,959.9],\"lines\":[{\"bbox\":[173.8,849.3,1155.4,908.1],\"text\":\"The disclosures below include details of the Company’s fair value measurements, excluding those of CIPs. See Note 11\"},{\"bbox\":[124.7,874.3,1156.3,934.9],\"text\":\"– Consolidated Investment Products for information related to fair value measurements of the assets and liabilities of these\"},{\"bbox\":[125.6,934.5,191.8,959.9],\"text\":\"entities.\"}],\"order\":54,\"text\":\"The disclosures below include details of the Company’s fair value measurements, excluding those of CIPs. See Note 11\\n– Consolidated Investment Products for information related to fair value measurements of the assets and liabilities of these\\nentities.\"},{\"bbox\":[177.2,953.5,869.5,1001.8],\"lines\":[{\"bbox\":[177.2,953.5,869.5,1001.8],\"text\":\"The assets and liability measured at fair value on a recurring basis were as follows:\"}],\"order\":55,\"text\":\"The assets and liability measured at fair value on a recurring basis were as follows:\"},{\"bbox\":[922.9,990.3,1006.2,1051.3],\"lines\":[{\"bbox\":[926.9,990.4,1001.1,1013.8],\"text\":\"NAV as a\"},{\"bbox\":[928.4,1009.2,1000.9,1032.5],\"text\":\"Practical\"},{\"bbox\":[924.2,1027.6,1006.2,1051.3],\"text\":\"Expedient\"}],\"order\":56,\"text\":\"NAV as a\\nPractical\\nExpedient\"},{\"bbox\":[135.1,1022.6,228.0,1046.8],\"lines\":[{\"bbox\":[135.1,1022.6,228.0,1046.8],\"text\":\"(in millions)\"}],\"order\":57,\"text\":\"(in millions)\"},{\"bbox\":[136.2,1047.9,334.9,1075.9],\"lines\":[{\"bbox\":[136.2,1047.9,334.9,1075.9],\"text\":\"as of September 30, 2019\"}],\"order\":58,\"text\":\"as of September 30, 2019\"},{\"bbox\":[536.1,1038.5,594.7,1061.3],\"lines\":[{\"bbox\":[536.1,1038.5,594.7,1061.3],\"text\":\"Level 1\"}],\"order\":59,\"text\":\"Level 1\"},{\"bbox\":[669.4,1033.6,727.9,1056.5],\"lines\":[{\"bbox\":[669.4,1033.6,727.9,1056.5],\"text\":\"Level 2\"}],\"order\":60,\"text\":\"Level 2\"},{\"bbox\":[802.6,1028.7,861.2,1051.6],\"lines\":[{\"bbox\":[802.6,1028.7,861.2,1051.6],\"text\":\"Level 3\"}],\"order\":61,\"text\":\"Level 3\"},{\"bbox\":[1077.5,1019.3,1119.3,1041.6],\"lines\":[{\"bbox\":[1077.5,1019.3,1119.3,1041.6],\"text\":\"Total\"}],\"order\":62,\"text\":\"Total\"},{\"bbox\":[137.2,1082.0,193.6,1107.1],\"lines\":[{\"bbox\":[137.2,1082.0,193.6,1107.1],\"text\":\"Assets\"}],\"order\":63,\"text\":\"Assets\"},{\"bbox\":[138.4,1101.3,530.3,1357.2],\"lines\":[{\"bbox\":[138.4,1106.2,388.5,1138.4],\"text\":\"Equity securities, at fair value\"},{\"bbox\":[189.5,1132.6,523.4,1168.0],\"text\":\"Sponsored funds. . . . . . . . . . . . . . . . $\"},{\"bbox\":[190.6,1164.9,493.4,1199.2],\"text\":\"Other equity securities . . . . . . . . . . .\"},{\"bbox\":[141.8,1204.5,267.0,1232.0],\"text\":\"Debt securities\"},{\"bbox\":[192.9,1227.4,495.6,1261.7],\"text\":\"Trading . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[194.0,1258.6,496.8,1292.9],\"text\":\"Available-for-sale. . . . . . . . . . . . . . .\"},{\"bbox\":[145.2,1289.8,497.9,1325.9],\"text\":\"Life settlement contracts . . . . . . . . . . . . . .\"},{\"bbox\":[146.3,1319.9,530.3,1357.2],\"text\":\"Total Assets Measured at Fair Value . . . $\"}],\"order\":64,\"text\":\"Equity securities, at fair value\\nSponsored funds. . . . . . . . . . . . . . . . $\\nOther equity securities . . . . . . . . . . .\\nDebt securities\\nTrading . . . . . . . . . . . . . . . . . . . . . . .\\nAvailable-for-sale. . . . . . . . . . . . . . .\\nLife settlement contracts . . . . . . . . . . . . . .\\nTotal Assets Measured at Fair Value . . . $\"},{\"bbox\":[577.0,1128.9,625.9,1184.9],\"lines\":[{\"bbox\":[577.0,1128.9,624.7,1153.6],\"text\":\"397.0\"},{\"bbox\":[588.6,1160.1,625.9,1184.5],\"text\":\"22.6\"}],\"order\":65,\"text\":\"397.0\\n22.6\"},{\"bbox\":[580.5,1222.6,631.6,1341.0],\"lines\":[{\"bbox\":[606.5,1222.6,628.1,1246.4],\"text\":\"—\"},{\"bbox\":[607.6,1253.8,629.3,1277.6],\"text\":\"—\"},{\"bbox\":[608.8,1285.0,630.4,1308.8],\"text\":\"—\"},{\"bbox\":[583.9,1316.2,631.6,1341.0],\"text\":\"419.6\"}],\"order\":66,\"text\":\"—\\n—\\n—\\n419.6\"},{\"bbox\":[645.4,1127.7,656.7,1151.1],\"lines\":[{\"bbox\":[645.4,1127.7,656.7,1151.1],\"text\":\"$\"}],\"order\":67,\"text\":\"$\"},{\"bbox\":[652.3,1315.1,663.5,1338.5],\"lines\":[{\"bbox\":[652.3,1315.1,663.5,1338.5],\"text\":\"$\"}],\"order\":68,\"text\":\"$\"},{\"bbox\":[653.5,1548.1,675.1,1571.9],\"lines\":[{\"bbox\":[653.5,1548.1,675.1,1571.9],\"text\":\"77\"}],\"order\":69,\"text\":\"77\"},{\"bbox\":[731.1,1124.0,759.1,1179.2],\"lines\":[{\"bbox\":[736.3,1124.0,758.0,1147.8],\"text\":\"—\"},{\"bbox\":[732.2,1155.2,759.1,1179.2],\"text\":\"3.2\"}],\"order\":70,\"text\":\"—\\n3.2\"},{\"bbox\":[724.1,1217.7,764.8,1335.7],\"lines\":[{\"bbox\":[724.1,1217.7,761.4,1242.1],\"text\":\"24.4\"},{\"bbox\":[735.7,1248.9,762.5,1272.9],\"text\":\"4.0\"},{\"bbox\":[742.0,1280.2,763.7,1304.0],\"text\":\"—\"},{\"bbox\":[727.5,1311.4,764.8,1335.7],\"text\":\"31.6\"}],\"order\":71,\"text\":\"24.4\\n4.0\\n—\\n31.6\"},{\"bbox\":[778.7,1122.8,789.9,1146.3],\"lines\":[{\"bbox\":[778.7,1122.8,789.9,1146.3],\"text\":\"$\"}],\"order\":72,\"text\":\"$\"},{\"bbox\":[785.5,1310.2,796.8,1333.6],\"lines\":[{\"bbox\":[785.5,1310.2,796.8,1333.6],\"text\":\"$\"}],\"order\":73,\"text\":\"$\"},{\"bbox\":[864.3,1119.1,892.3,1174.4],\"lines\":[{\"bbox\":[869.5,1119.1,891.2,1143.0],\"text\":\"—\"},{\"bbox\":[865.5,1150.4,892.3,1174.4],\"text\":\"0.8\"}],\"order\":74,\"text\":\"—\\n0.8\"},{\"bbox\":[857.4,1212.8,898.0,1330.9],\"lines\":[{\"bbox\":[857.4,1212.8,894.6,1237.2],\"text\":\"19.8\"},{\"bbox\":[874.1,1244.1,895.8,1267.9],\"text\":\"—\"},{\"bbox\":[859.6,1275.3,896.9,1299.7],\"text\":\"11.5\"},{\"bbox\":[860.8,1306.5,898.0,1330.9],\"text\":\"32.1\"}],\"order\":75,\"text\":\"19.8\\n—\\n11.5\\n32.1\"},{\"bbox\":[911.9,1118.0,923.2,1141.4],\"lines\":[{\"bbox\":[911.9,1118.0,923.2,1141.4],\"text\":\"$\"}],\"order\":76,\"text\":\"$\"},{\"bbox\":[918.8,1305.3,930.0,1328.8],\"lines\":[{\"bbox\":[918.8,1305.3,930.0,1328.8],\"text\":\"$\"}],\"order\":77,\"text\":\"$\"},{\"bbox\":[987.2,1114.3,1025.6,1169.9],\"lines\":[{\"bbox\":[987.2,1114.3,1024.5,1138.7],\"text\":\"69.4\"},{\"bbox\":[988.3,1145.5,1025.6,1169.9],\"text\":\"37.0\"}],\"order\":78,\"text\":\"69.4\\n37.0\"},{\"bbox\":[980.2,1208.0,1031.3,1326.4],\"lines\":[{\"bbox\":[1006.2,1208.0,1027.9,1231.8],\"text\":\"—\"},{\"bbox\":[1007.4,1239.2,1029.0,1263.0],\"text\":\"—\"},{\"bbox\":[1008.5,1270.4,1030.2,1294.2],\"text\":\"—\"},{\"bbox\":[983.6,1301.6,1031.3,1326.4],\"text\":\"106.4\"}],\"order\":79,\"text\":\"—\\n—\\n—\\n106.4\"},{\"bbox\":[1045.2,1113.1,1056.4,1136.5],\"lines\":[{\"bbox\":[1045.2,1113.1,1056.4,1136.5],\"text\":\"$\"}],\"order\":80,\"text\":\"$\"},{\"bbox\":[1052.0,1300.5,1063.2,1323.9],\"lines\":[{\"bbox\":[1052.0,1300.5,1063.2,1323.9],\"text\":\"$\"}],\"order\":81,\"text\":\"$\"},{\"bbox\":[1110.0,1109.4,1158.8,1165.4],\"lines\":[{\"bbox\":[1110.0,1109.4,1157.7,1134.2],\"text\":\"466.4\"},{\"bbox\":[1121.6,1140.7,1158.8,1165.0],\"text\":\"63.6\"}],\"order\":82,\"text\":\"466.4\\n63.6\"},{\"bbox\":[1113.4,1203.1,1164.5,1321.5],\"lines\":[{\"bbox\":[1123.8,1203.1,1161.1,1227.5],\"text\":\"44.2\"},{\"bbox\":[1135.4,1234.3,1162.3,1258.3],\"text\":\"4.0\"},{\"bbox\":[1126.1,1265.6,1163.4,1289.9],\"text\":\"11.5\"},{\"bbox\":[1116.8,1296.8,1164.5,1321.5],\"text\":\"589.7\"}],\"order\":83,\"text\":\"44.2\\n4.0\\n11.5\\n589.7\"}],\"doc\":\"fintabnet:BEN_2019\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Gross unrealized gains and losses relating to investment securities, available-for-sale were as follows:\\n\\nGross Unrealized\\n\\n(in millions)\\n\\nCost Basis\\n\\nGains\\n\\nLosses\\n\\nFair Value\\n\\nas of September 30, 2019\\n\\nDebt securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n4.0\\n\\n$\\n\\n—\\n\\n$\\n\\n—\\n\\n$\\n\\n4.0\\n\\n$\\n\\n172.9\\n16.8\\n189.7\\n\\n$\\n\\n8.3\\n0.5\\n8.8\\n\\n$\\n\\n(2.6) $\\n(1.8)\\n(4.4) $\\n\\n178.6\\n15.5\\n194.1\\n\\nas of September 30, 2018\\n\\nSponsored funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDebt and other equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n$\\n\\n$\\n\\nThere were no gross unrealized losses relating to investment securities, available-for-sale at September 30, 2019. Such\\nlosses at September 30, 2018 aggregated by length of time that individual securities were in a continuous unrealized loss\\nposition were as follows:\\n\\n(in millions)\\n\\nas of September 30, 2018\\n\\nSponsored funds. . . . . . . . . . . . . . . . . . . .\\nDebt and other equity securities. . . . . . . .\\nTotal. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nLess Than 12 Months\\nGross\\nUnrealized\\nFair Value\\nLosses\\n\\n$\\n\\n$\\n\\n48.8\\n10.9\\n59.7\\n\\n12 Months or Greater\\nGross\\nUnrealized\\nFair Value\\nLosses\\n\\n(2.1) $\\n(1.8)\\n(3.9) $\\n\\n$\\n\\n$\\n\\n21.0\\n—\\n21.0\\n\\nTotal\\n\\nFair Value\\n\\n(0.5) $\\n—\\n(0.5) $\\n\\n$\\n\\n$\\n\\nGross\\nUnrealized\\nLosses\\n\\n69.8\\n10.9\\n80.7\\n\\n(2.6)\\n(1.8)\\n(4.4)\\n\\n$\\n\\n$\\n\\nThe Company recognized other-than-temporary impairment of $10.5 million in earnings during fiscal year 2019, and\\n$1.7 million and $0.8 million during fiscal years 2018 and 2017.\\n\\nNote 7 – Fair Value Measurements\\n\\nThe disclosures below include details of the Company’s fair value measurements, excluding those of CIPs. See Note 11\\n– Consolidated Investment Products for information related to fair value measurements of the assets and liabilities of these\\nentities.\\n\\nThe assets and liability measured at fair value on a recurring basis were as follows:\\n\\nNAV as a\\nPractical\\nExpedient\\n\\n(in millions)\\n\\nas of September 30, 2019\\n\\nLevel 1\\n\\nLevel 2\\n\\nLevel 3\\n\\nTotal\\n\\nAssets\\n\\nEquity securities, at fair value\\nSponsored funds. . . . . . . . . . . . . . . . $\\nOther equity securities . . . . . . . . . . .\\nDebt securities\\nTrading . . . . . . . . . . . . . . . . . . . . . . .\\nAvailable-for-sale. . . . . . . . . . . . . . .\\nLife settlement contracts . . . . . . . . . . . . . .\\nTotal Assets Measured at Fair Value . . . $\\n\\n397.0\\n22.6\\n\\n—\\n—\\n—\\n419.6\\n\\n$\\n\\n$\\n\\n77\\n\\n—\\n3.2\\n\\n24.4\\n4.0\\n—\\n31.6\\n\\n$\\n\\n$\\n\\n—\\n0.8\\n\\n19.8\\n—\\n11.5\\n32.1\\n\\n$\\n\\n$\\n\\n69.4\\n37.0\\n\\n—\\n—\\n—\\n106.4\\n\\n$\\n\\n$\\n\\n466.4\\n63.6\\n\\n44.2\\n4.0\\n11.5\\n589.7\",\"name\":\"fintabnet.BEN_2019_page_91__150dpi_heavy\",\"page_id\":\"fintabnet.BEN_2019_page_91\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.089,\"source\":\"fintabnet\",\"source_id\":\"BEN_2019_page_91\",\"stack\":[{\"deg\":2.089,\"op\":\"skew\"},{\"amp\":0.278,\"angle\":175.2,\"blob\":0.563,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.117},{\"op\":\"noise\",\"sigma\":13.497},{\"gain\":0.608,\"op\":\"contrast\"},{\"offset\":-0.049,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[103.9,131.9,1131.0,437.3],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28],\"cells\":null}],\"text\":\"Gross unrealized gains and losses relating to investment securities, available-for-sale were as follows:\\n\\nGross Unrealized\\n\\n(in millions)\\n\\nCost Basis\\n\\nGains\\n\\nLosses\\n\\nFair Value\\n\\nas of September 30, 2019\\n\\nDebt securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n4.0\\n\\n$\\n\\n—\\n\\n$\\n\\n—\\n\\n$\\n\\n4.0\\n\\n$\\n\\n172.9\\n16.8\\n189.7\\n\\n$\\n\\n8.3\\n0.5\\n8.8\\n\\n$\\n\\n(2.6) $\\n(1.8)\\n(4.4) $\\n\\n178.6\\n15.5\\n194.1\\n\\nas of September 30, 2018\\n\\nSponsored funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDebt and other equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n$\\n\\n$\\n\\nThere were no gross unrealized losses relating to investment securities, available-for-sale at September 30, 2019. Such\\nlosses at September 30, 2018 aggregated by length of time that individual securities were in a continuous unrealized loss\\nposition were as follows:\\n\\n(in millions)\\n\\nas of September 30, 2018\\n\\nSponsored funds. . . . . . . . . . . . . . . . . . . .\\nDebt and other equity securities. . . . . . . .\\nTotal. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nLess Than 12 Months\\nGross\\nUnrealized\\nFair Value\\nLosses\\n\\n$\\n\\n$\\n\\n48.8\\n10.9\\n59.7\\n\\n12 Months or Greater\\nGross\\nUnrealized\\nFair Value\\nLosses\\n\\n(2.1) $\\n(1.8)\\n(3.9) $\\n\\n$\\n\\n$\\n\\n21.0\\n—\\n21.0\\n\\nTotal\\n\\nFair Value\\n\\n(0.5) $\\n—\\n(0.5) $\\n\\n$\\n\\n$\\n\\nGross\\nUnrealized\\nLosses\\n\\n69.8\\n10.9\\n80.7\\n\\n(2.6)\\n(1.8)\\n(4.4)\\n\\n$\\n\\n$\\n\\nThe Company recognized other-than-temporary impairment of $10.5 million in earnings during fiscal year 2019, and\\n$1.7 million and $0.8 million during fiscal years 2018 and 2017.\\n\\nNote 7 – Fair Value Measurements\\n\\nThe disclosures below include details of the Company’s fair value measurements, excluding those of CIPs. See Note 11\\n– Consolidated Investment Products for information related to fair value measurements of the assets and liabilities of these\\nentities.\\n\\nThe assets and liability measured at fair value on a recurring basis were as follows:\\n\\nNAV as a\\nPractical\\nExpedient\\n\\n(in millions)\\n\\nas of September 30, 2019\\n\\nLevel 1\\n\\nLevel 2\\n\\nLevel 3\\n\\nTotal\\n\\nAssets\\n\\nEquity securities, at fair value\\nSponsored funds. . . . . . . . . . . . . . . . $\\nOther equity securities . . . . . . . . . . .\\nDebt securities\\nTrading . . . . . . . . . . . . . . . . . . . . . . .\\nAvailable-for-sale. . . . . . . . . . . . . . .\\nLife settlement contracts . . . . . . . . . . . . . .\\nTotal Assets Measured at Fair Value . . . $\\n\\n397.0\\n22.6\\n\\n—\\n—\\n—\\n419.6\\n\\n$\\n\\n$\\n\\n77\\n\\n—\\n3.2\\n\\n24.4\\n4.0\\n—\\n31.6\\n\\n$\\n\\n$\\n\\n—\\n0.8\\n\\n19.8\\n—\\n11.5\\n32.1\\n\\n$\\n\\n$\\n\\n69.4\\n37.0\\n\\n—\\n—\\n—\\n106.4\\n\\n$\\n\\n$\\n\\n466.4\\n63.6\\n\\n44.2\\n4.0\\n11.5\\n589.7\"},\"name\":\"fintabnet.BEN_2019_page_91__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":41957,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:BEN_2019\",\"dpi\":150,\"gt_sha256\":\"30d28917373b0dc2363e777eed6f731fa6d3d855525383c43e23da4bd6ad3fef\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.BEN_2019_page_91__150dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.BEN_2019_page_91\",\"pdf_sha256\":\"bbdde9d6fcd8de33a7985d744e89700706975437835e43eda9f7f05432df78c4\",\"px\":[1275,1650],\"scan\":{\"render\":\"000031fc7000705c7ffc73fc7bfe3f803ffc380078083800397e310000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"BEN_2019_page_91\",\"src\":{\"file_sha256\":\"f4d4aa55e699557aeb2ae2f8e9b666817db0bf42d5128a787d280bfa5a56b362\",\"render\":\"00000038387c385c3ffc33fc3ffc3ffc3ffc20103bbc30003bfc000000000000\",\"text\":\"1c000d658fd429ad043b2278029421ec3d4dbe5c665657795734193ad8a4e03d\"},\"stack\":[{\"deg\":2.089,\"op\":\"skew\"},{\"amp\":0.278,\"angle\":175.2,\"blob\":0.563,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.117},{\"op\":\"noise\",\"sigma\":13.497},{\"gain\":0.608,\"op\":\"contrast\"},{\"offset\":-0.049,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"bbdde9d6fcd8de33a7985d744e89700706975437835e43eda9f7f05432df78c4\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/bbdde9d6fcd8de33a7985d744e89700706975437835e43eda9f7f05432df78c4.pdf","asset_sha256":"bbdde9d6fcd8de33a7985d744e89700706975437835e43eda9f7f05432df78c4","document_id":"fintabnet:BEN_2019","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BEN_2019_page_91\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BLL_2006_page_45\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:BLL_2006\",\"ground_truth\":{\"blocks\":[{\"bbox\":[67.0,54.7,534.3,142.9],\"lines\":[{\"bbox\":[67.0,54.7,527.2,72.7],\"text\":\"In connection with the Internal Revenue Service’s (IRS) examination of Ball’s consolidated income tax returns for\"},{\"bbox\":[67.1,66.4,533.4,84.4],\"text\":\"the tax years 2000 through 2004, the IRS has proposed to disallow Ball’s deductions of interest expense incurred on\"},{\"bbox\":[67.3,78.2,523.8,96.1],\"text\":\"loans under a company-owned life insurance plan that has been in place for more than 20 years. Ball believes that\"},{\"bbox\":[67.5,90.0,519.1,107.8],\"text\":\"its interest deductions will be sustained as filed and, therefore, no provision for loss has been recorded. The total\"},{\"bbox\":[67.7,101.5,533.3,119.5],\"text\":\"potential liability for the audit years 1999 through 2004, unaudited year 2005 and an estimate of the impact on 2006\"},{\"bbox\":[67.9,113.3,523.3,131.2],\"text\":\"is approximately $31 million, excluding related interest. The IRS has withdrawn its proposed adjustments for any\"},{\"bbox\":[68.0,125.1,517.7,142.9],\"text\":\"penalties. See Note 13 accompanying the consolidated financial statements within Item 8 of this Annual Report.\"}],\"order\":0,\"text\":\"In connection with the Internal Revenue Service’s (IRS) examination of Ball’s consolidated income tax returns for\\nthe tax years 2000 through 2004, the IRS has proposed to disallow Ball’s deductions of interest expense incurred on\\nloans under a company-owned life insurance plan that has been in place for more than 20 years. Ball believes that\\nits interest deductions will be sustained as filed and, therefore, no provision for loss has been recorded. The total\\npotential liability for the audit years 1999 through 2004, unaudited year 2005 and an estimate of the impact on 2006\\nis approximately $31 million, excluding related interest. The IRS has withdrawn its proposed adjustments for any\\npenalties. See Note 13 accompanying the consolidated financial statements within Item 8 of this Annual Report.\"},{\"bbox\":[68.4,153.8,183.7,166.6],\"lines\":[{\"bbox\":[68.4,153.8,183.7,166.6],\"text\":\"Results of Equity Affiliates\"}],\"order\":1,\"text\":\"Results of Equity Affiliates\"},{\"bbox\":[68.7,171.8,535.3,248.4],\"lines\":[{\"bbox\":[68.7,172.2,505.0,189.9],\"text\":\"Equity in the earnings of affiliates in 2006 is primarily attributable to our 50 percent ownership in packaging\"},{\"bbox\":[68.9,183.6,526.6,201.6],\"text\":\"investments in the U.S. and Brazil. Earnings in 2004 included the results of a minority-owned aerospace business,\"},{\"bbox\":[69.1,195.6,511.6,213.3],\"text\":\"which was sold in October 2005, and a $15.2 million loss representing Ball’s share of a provision for doubtful\"},{\"bbox\":[69.3,207.5,497.4,225.0],\"text\":\"accounts relating to its 35 percent interest in Sanshui JFP (discussed above in “Metal Beverage Packaging,\"},{\"bbox\":[69.4,218.6,535.1,236.7],\"text\":\"Europe/Asia”). After consideration of the PRC loss, earnings were $14.7 million in 2006 compared to $15.5 million\"},{\"bbox\":[69.6,235.2,209.3,248.4],\"text\":\"in 2005 and $15.8 million in 2004.\"}],\"order\":2,\"text\":\"Equity in the earnings of affiliates in 2006 is primarily attributable to our 50 percent ownership in packaging\\ninvestments in the U.S. and Brazil. Earnings in 2004 included the results of a minority-owned aerospace business,\\nwhich was sold in October 2005, and a $15.2 million loss representing Ball’s share of a provision for doubtful\\naccounts relating to its 35 percent interest in Sanshui JFP (discussed above in “Metal Beverage Packaging,\\nEurope/Asia”). After consideration of the PRC loss, earnings were $14.7 million in 2006 compared to $15.5 million\\nin 2005 and $15.8 million in 2004.\"},{\"bbox\":[70.0,255.0,459.8,283.7],\"lines\":[{\"bbox\":[70.0,255.0,459.6,272.0],\"text\":\"CRITICAL AND SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING\"},{\"bbox\":[70.1,271.1,170.6,283.7],\"text\":\"PRONOUNCEMENTS\"}],\"order\":3,\"text\":\"CRITICAL AND SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING\\nPRONOUNCEMENTS\"},{\"bbox\":[70.5,287.9,526.7,317.5],\"lines\":[{\"bbox\":[70.5,287.9,526.5,305.8],\"text\":\"For information regarding the company’s critical and significant accounting policies, as well as recent accounting\"},{\"bbox\":[70.6,300.6,458.3,317.5],\"text\":\"pronouncements, see Note 1 to the consolidated financial statements within Item 8 of this report.\"}],\"order\":4,\"text\":\"For information regarding the company’s critical and significant accounting policies, as well as recent accounting\\npronouncements, see Note 1 to the consolidated financial statements within Item 8 of this report.\"},{\"bbox\":[71.0,324.1,385.0,339.9],\"lines\":[{\"bbox\":[71.0,324.1,385.0,339.9],\"text\":\"FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES\"}],\"order\":5,\"text\":\"FINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES\"},{\"bbox\":[71.3,348.7,233.6,362.3],\"lines\":[{\"bbox\":[71.3,348.7,233.6,362.3],\"text\":\"Cash Flows and Capital Expenditures\"}],\"order\":6,\"text\":\"Cash Flows and Capital Expenditures\"},{\"bbox\":[71.6,366.9,498.4,396.1],\"lines\":[{\"bbox\":[71.6,366.9,498.2,384.4],\"text\":\"Cash flows from operating activities were $401.4 million in 2006 compared to $558.8 million in 2005 and\"},{\"bbox\":[71.8,383.6,166.6,396.1],\"text\":\"$535.9 million in 2004.\"}],\"order\":7,\"text\":\"Cash flows from operating activities were $401.4 million in 2006 compared to $558.8 million in 2005 and\\n$535.9 million in 2004.\"},{\"bbox\":[72.1,400.3,540.9,512.0],\"lines\":[{\"bbox\":[72.1,400.7,512.0,418.3],\"text\":\"Management internally uses a free cash flow measure: (1) to evaluate the company’s operating results, (2) for\"},{\"bbox\":[72.3,412.4,512.9,430.0],\"text\":\"planning purposes, (3) to evaluate strategic investments and (4) to evaluate the company’s ability to incur and\"},{\"bbox\":[72.5,423.7,538.6,441.8],\"text\":\"service debt. Free cash flow is not a defined term under U.S. generally accepted accounting principles, and it should\"},{\"bbox\":[72.7,435.8,512.1,453.5],\"text\":\"not be inferred that the entire free cash flow amount is available for discretionary expenditures. The company\"},{\"bbox\":[72.9,447.1,537.8,465.2],\"text\":\"defines free cash flow as cash flow from operating activities less additions to property, plant and equipment (capital\"},{\"bbox\":[73.0,458.8,540.4,476.9],\"text\":\"spending). Free cash flow is typically derived directly from the company’s cash flow statements; however, it may be\"},{\"bbox\":[73.2,470.7,525.9,488.6],\"text\":\"adjusted for items that affect comparability between periods. An example of such an item included in 2006 is the\"},{\"bbox\":[73.4,482.2,537.1,500.3],\"text\":\"property insurance proceeds for the replacement of the fire-damaged assets in our Hassloch, Germany, plant, which\"},{\"bbox\":[73.6,498.5,234.7,512.0],\"text\":\"is included in capital spending amounts.\"}],\"order\":8,\"text\":\"Management internally uses a free cash flow measure: (1) to evaluate the company’s operating results, (2) for\\nplanning purposes, (3) to evaluate strategic investments and (4) to evaluate the company’s ability to incur and\\nservice debt. Free cash flow is not a defined term under U.S. generally accepted accounting principles, and it should\\nnot be inferred that the entire free cash flow amount is available for discretionary expenditures. The company\\ndefines free cash flow as cash flow from operating activities less additions to property, plant and equipment (capital\\nspending). Free cash flow is typically derived directly from the company’s cash flow statements; however, it may be\\nadjusted for items that affect comparability between periods. An example of such an item included in 2006 is the\\nproperty insurance proceeds for the replacement of the fire-damaged assets in our Hassloch, Germany, plant, which\\nis included in capital spending amounts.\"},{\"bbox\":[73.9,519.9,366.0,535.4],\"lines\":[{\"bbox\":[73.9,519.9,366.0,535.4],\"text\":\"Based on this, our consolidated free cash flow is summarized as follows:\"}],\"order\":9,\"text\":\"Based on this, our consolidated free cash flow is summarized as follows:\"},{\"bbox\":[75.1,545.6,132.1,557.6],\"lines\":[{\"bbox\":[75.1,545.6,132.1,557.6],\"text\":\"($ in millions)\"}],\"order\":10,\"text\":\"($ in millions)\"},{\"bbox\":[355.3,542.0,374.1,553.4],\"lines\":[{\"bbox\":[355.3,542.0,374.1,553.4],\"text\":\"2006\"}],\"order\":11,\"text\":\"2006\"},{\"bbox\":[429.6,540.9,448.4,552.3],\"lines\":[{\"bbox\":[429.6,540.9,448.4,552.3],\"text\":\"2005\"}],\"order\":12,\"text\":\"2005\"},{\"bbox\":[501.6,539.8,520.4,551.2],\"lines\":[{\"bbox\":[501.6,539.8,520.4,551.2],\"text\":\"2004\"}],\"order\":13,\"text\":\"2004\"},{\"bbox\":[75.5,567.9,271.0,617.5],\"lines\":[{\"bbox\":[75.5,568.6,221.8,581.9],\"text\":\"Cash flows from operating activities\"},{\"bbox\":[75.7,581.5,143.5,593.6],\"text\":\"Capital spending\"},{\"bbox\":[75.8,591.3,270.8,605.3],\"text\":\"Proceeds for replacement of fire-damaged assets\"},{\"bbox\":[76.0,605.5,135.4,617.5],\"text\":\"Free cash flow\"}],\"order\":14,\"text\":\"Cash flows from operating activities\\nCapital spending\\nProceeds for replacement of fire-damaged assets\\nFree cash flow\"},{\"bbox\":[350.1,566.1,388.3,613.3],\"lines\":[{\"bbox\":[351.0,566.2,383.9,577.7],\"text\":\"$ 401.4\"},{\"bbox\":[358.4,577.8,387.9,589.3],\"text\":\"(279.6)\"},{\"bbox\":[366.4,589.6,384.1,600.9],\"text\":\"61.3\"},{\"bbox\":[350.6,601.8,383.5,613.3],\"text\":\"$ 183.1\"}],\"order\":15,\"text\":\"$ 401.4\\n(279.6)\\n61.3\\n$ 183.1\"},{\"bbox\":[426.5,565.0,462.2,612.2],\"lines\":[{\"bbox\":[426.7,565.0,459.6,576.6],\"text\":\"$ 558.8\"},{\"bbox\":[432.3,576.7,461.8,588.2],\"text\":\"(291.7)\"},{\"bbox\":[447.8,588.5,453.0,599.7],\"text\":\"–\"},{\"bbox\":[427.1,600.6,459.9,612.2],\"text\":\"$ 267.1\"}],\"order\":16,\"text\":\"$ 558.8\\n(291.7)\\n–\\n$ 267.1\"},{\"bbox\":[498.5,563.9,534.2,611.1],\"lines\":[{\"bbox\":[498.6,564.0,531.5,575.5],\"text\":\"$ 535.9\"},{\"bbox\":[504.3,575.6,533.8,587.2],\"text\":\"(196.0)\"},{\"bbox\":[519.8,587.5,525.0,598.6],\"text\":\"–\"},{\"bbox\":[499.0,599.5,531.9,611.1],\"text\":\"$ 339.9\"}],\"order\":17,\"text\":\"$ 535.9\\n(196.0)\\n–\\n$ 339.9\"},{\"bbox\":[75.5,623.2,539.1,699.7],\"lines\":[{\"bbox\":[75.5,623.3,529.4,641.2],\"text\":\"Cash flows from operating activities in 2006 were negatively affected by higher cash pension funding and higher\"},{\"bbox\":[75.6,635.1,523.9,652.9],\"text\":\"working capital levels compared to the prior year. The higher working capital was a combination of higher than\"},{\"bbox\":[75.8,646.8,526.4,664.6],\"text\":\"planned raw material inventory levels, higher income tax payments and higher accounts receivable balances, the\"},{\"bbox\":[76.0,658.3,538.7,676.3],\"text\":\"latter resulting primarily from the repayment of a portion of the accounts receivable securitization program and late\"},{\"bbox\":[76.2,670.0,537.5,688.0],\"text\":\"payments from customers in Europe. Management expects the increase in working capital to be temporary and that\"},{\"bbox\":[76.3,683.5,419.5,699.7],\"text\":\"working capital levels will return to normal levels by the end of the first half of 2007.\"}],\"order\":18,\"text\":\"Cash flows from operating activities in 2006 were negatively affected by higher cash pension funding and higher\\nworking capital levels compared to the prior year. The higher working capital was a combination of higher than\\nplanned raw material inventory levels, higher income tax payments and higher accounts receivable balances, the\\nlatter resulting primarily from the repayment of a portion of the accounts receivable securitization program and late\\npayments from customers in Europe. Management expects the increase in working capital to be temporary and that\\nworking capital levels will return to normal levels by the end of the first half of 2007.\"},{\"bbox\":[287.9,744.3,343.7,756.2],\"lines\":[{\"bbox\":[287.9,744.3,343.7,756.2],\"text\":\"Page 29 of 98\"}],\"order\":19,\"text\":\"Page 29 of 98\"}],\"doc\":\"fintabnet:BLL_2006\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"In connection with the Internal Revenue Service’s (IRS) examination of Ball’s consolidated income tax returns for\\nthe tax years 2000 through 2004, the IRS has proposed to disallow Ball’s deductions of interest expense incurred on\\nloans under a company-owned life insurance plan that has been in place for more than 20 years. Ball believes that\\nits interest deductions will be sustained as filed and, therefore, no provision for loss has been recorded. The total\\npotential liability for the audit years 1999 through 2004, unaudited year 2005 and an estimate of the impact on 2006\\nis approximately $31 million, excluding related interest. The IRS has withdrawn its proposed adjustments for any\\npenalties. See Note 13 accompanying the consolidated financial statements within Item 8 of this Annual Report.\\n\\nResults of Equity Affiliates\\n\\nEquity in the earnings of affiliates in 2006 is primarily attributable to our 50 percent ownership in packaging\\ninvestments in the U.S. and Brazil. Earnings in 2004 included the results of a minority-owned aerospace business,\\nwhich was sold in October 2005, and a $15.2 million loss representing Ball’s share of a provision for doubtful\\naccounts relating to its 35 percent interest in Sanshui JFP (discussed above in “Metal Beverage Packaging,\\nEurope/Asia”). After consideration of the PRC loss, earnings were $14.7 million in 2006 compared to $15.5 million\\nin 2005 and $15.8 million in 2004.\\n\\nCRITICAL AND SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING\\nPRONOUNCEMENTS\\n\\nFor information regarding the company’s critical and significant accounting policies, as well as recent accounting\\npronouncements, see Note 1 to the consolidated financial statements within Item 8 of this report.\\n\\nFINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES\\n\\nCash Flows and Capital Expenditures\\n\\nCash flows from operating activities were $401.4 million in 2006 compared to $558.8 million in 2005 and\\n$535.9 million in 2004.\\n\\nManagement internally uses a free cash flow measure: (1) to evaluate the company’s operating results, (2) for\\nplanning purposes, (3) to evaluate strategic investments and (4) to evaluate the company’s ability to incur and\\nservice debt. Free cash flow is not a defined term under U.S. generally accepted accounting principles, and it should\\nnot be inferred that the entire free cash flow amount is available for discretionary expenditures. The company\\ndefines free cash flow as cash flow from operating activities less additions to property, plant and equipment (capital\\nspending). Free cash flow is typically derived directly from the company’s cash flow statements; however, it may be\\nadjusted for items that affect comparability between periods. An example of such an item included in 2006 is the\\nproperty insurance proceeds for the replacement of the fire-damaged assets in our Hassloch, Germany, plant, which\\nis included in capital spending amounts.\\n\\nBased on this, our consolidated free cash flow is summarized as follows:\\n\\n($ in millions)\\n\\n2006\\n\\n2005\\n\\n2004\\n\\nCash flows from operating activities\\nCapital spending\\nProceeds for replacement of fire-damaged assets\\nFree cash flow\\n\\n$ 401.4\\n(279.6)\\n61.3\\n$ 183.1\\n\\n$ 558.8\\n(291.7)\\n–\\n$ 267.1\\n\\n$ 535.9\\n(196.0)\\n–\\n$ 339.9\\n\\nCash flows from operating activities in 2006 were negatively affected by higher cash pension funding and higher\\nworking capital levels compared to the prior year. The higher working capital was a combination of higher than\\nplanned raw material inventory levels, higher income tax payments and higher accounts receivable balances, the\\nlatter resulting primarily from the repayment of a portion of the accounts receivable securitization program and late\\npayments from customers in Europe. Management expects the increase in working capital to be temporary and that\\nworking capital levels will return to normal levels by the end of the first half of 2007.\\n\\nPage 29 of 98\",\"name\":\"fintabnet.BLL_2006_page_45__72dpi_mild\",\"page_id\":\"fintabnet.BLL_2006_page_45\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.858,\"source\":\"fintabnet\",\"source_id\":\"BLL_2006_page_45\",\"stack\":[{\"deg\":0.858,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.479},{\"op\":\"noise\",\"sigma\":3.908},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[75.1,539.6,534.2,617.5],\"block_orders\":[10,11,12,13,14,15,16,17],\"cells\":null}],\"text\":\"In connection with the Internal Revenue Service’s (IRS) examination of Ball’s consolidated income tax returns for\\nthe tax years 2000 through 2004, the IRS has proposed to disallow Ball’s deductions of interest expense incurred on\\nloans under a company-owned life insurance plan that has been in place for more than 20 years. Ball believes that\\nits interest deductions will be sustained as filed and, therefore, no provision for loss has been recorded. The total\\npotential liability for the audit years 1999 through 2004, unaudited year 2005 and an estimate of the impact on 2006\\nis approximately $31 million, excluding related interest. The IRS has withdrawn its proposed adjustments for any\\npenalties. See Note 13 accompanying the consolidated financial statements within Item 8 of this Annual Report.\\n\\nResults of Equity Affiliates\\n\\nEquity in the earnings of affiliates in 2006 is primarily attributable to our 50 percent ownership in packaging\\ninvestments in the U.S. and Brazil. Earnings in 2004 included the results of a minority-owned aerospace business,\\nwhich was sold in October 2005, and a $15.2 million loss representing Ball’s share of a provision for doubtful\\naccounts relating to its 35 percent interest in Sanshui JFP (discussed above in “Metal Beverage Packaging,\\nEurope/Asia”). After consideration of the PRC loss, earnings were $14.7 million in 2006 compared to $15.5 million\\nin 2005 and $15.8 million in 2004.\\n\\nCRITICAL AND SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING\\nPRONOUNCEMENTS\\n\\nFor information regarding the company’s critical and significant accounting policies, as well as recent accounting\\npronouncements, see Note 1 to the consolidated financial statements within Item 8 of this report.\\n\\nFINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES\\n\\nCash Flows and Capital Expenditures\\n\\nCash flows from operating activities were $401.4 million in 2006 compared to $558.8 million in 2005 and\\n$535.9 million in 2004.\\n\\nManagement internally uses a free cash flow measure: (1) to evaluate the company’s operating results, (2) for\\nplanning purposes, (3) to evaluate strategic investments and (4) to evaluate the company’s ability to incur and\\nservice debt. Free cash flow is not a defined term under U.S. generally accepted accounting principles, and it should\\nnot be inferred that the entire free cash flow amount is available for discretionary expenditures. The company\\ndefines free cash flow as cash flow from operating activities less additions to property, plant and equipment (capital\\nspending). Free cash flow is typically derived directly from the company’s cash flow statements; however, it may be\\nadjusted for items that affect comparability between periods. An example of such an item included in 2006 is the\\nproperty insurance proceeds for the replacement of the fire-damaged assets in our Hassloch, Germany, plant, which\\nis included in capital spending amounts.\\n\\nBased on this, our consolidated free cash flow is summarized as follows:\\n\\n($ in millions)\\n\\n2006\\n\\n2005\\n\\n2004\\n\\nCash flows from operating activities\\nCapital spending\\nProceeds for replacement of fire-damaged assets\\nFree cash flow\\n\\n$ 401.4\\n(279.6)\\n61.3\\n$ 183.1\\n\\n$ 558.8\\n(291.7)\\n–\\n$ 267.1\\n\\n$ 535.9\\n(196.0)\\n–\\n$ 339.9\\n\\nCash flows from operating activities in 2006 were negatively affected by higher cash pension funding and higher\\nworking capital levels compared to the prior year. The higher working capital was a combination of higher than\\nplanned raw material inventory levels, higher income tax payments and higher accounts receivable balances, the\\nlatter resulting primarily from the repayment of a portion of the accounts receivable securitization program and late\\npayments from customers in Europe. Management expects the increase in working capital to be temporary and that\\nworking capital levels will return to normal levels by the end of the first half of 2007.\\n\\nPage 29 of 98\"},\"name\":\"fintabnet.BLL_2006_page_45__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":256034,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:BLL_2006\",\"dpi\":72,\"gt_sha256\":\"3f13e38cabd100727f5678215cadc4e072fe9071e28122a8715b91ebbd6a8277\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.BLL_2006_page_45__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.BLL_2006_page_45\",\"pdf_sha256\":\"af6dc0395dc563aa2c03f632d617683cf2c64a382bf916042a27cd0bc079d6d8\",\"px\":[612,792],\"scan\":{\"render\":\"00003ffc3ffc3fb83ff838003fc03c003ffc3ffc3c0030543e7c3ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"BLL_2006_page_45\",\"src\":{\"file_sha256\":\"a4dcf37106ccdb04be4db32f4122f250c0f9bba4264f5e70beea17b51fd53840\",\"render\":\"00003ffc3ffc3fb83ff838403fc03c003ffc3ffc3c0030543efc3ffc00000000\",\"text\":\"4b1d9fc07f3064fe7334b7929c62e4eb5b848e8074a0d6942fd0b0124f964aff\"},\"stack\":[{\"deg\":0.858,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.479},{\"op\":\"noise\",\"sigma\":3.908},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"af6dc0395dc563aa2c03f632d617683cf2c64a382bf916042a27cd0bc079d6d8\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/af6dc0395dc563aa2c03f632d617683cf2c64a382bf916042a27cd0bc079d6d8.pdf","asset_sha256":"af6dc0395dc563aa2c03f632d617683cf2c64a382bf916042a27cd0bc079d6d8","document_id":"fintabnet:BLL_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BLL_2006_page_45\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BLL_2006_page_74\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:BLL_2006\",\"ground_truth\":{\"blocks\":[{\"bbox\":[82.8,43.5,287.5,75.1],\"lines\":[{\"bbox\":[83.2,43.5,287.5,62.5],\"text\":\"Notes to Consolidated Financial Statements\"},{\"bbox\":[82.8,56.2,232.6,73.3],\"text\":\"Ball Corporation and Subsidiaries\"}],\"order\":0,\"text\":\"Notes to Consolidated Financial Statements\\nBall Corporation and Subsidiaries\"},{\"bbox\":[81.9,82.0,237.4,99.3],\"lines\":[{\"bbox\":[81.9,82.0,237.4,99.3],\"text\":\"10. Intangibles and Other Assets\"}],\"order\":1,\"text\":\"10. Intangibles and Other Assets\"},{\"bbox\":[464.7,119.2,520.3,132.1],\"lines\":[{\"bbox\":[464.7,119.2,520.3,132.1],\"text\":\"December 31,\"}],\"order\":2,\"text\":\"December 31,\"},{\"bbox\":[86.0,121.8,143.2,134.8],\"lines\":[{\"bbox\":[86.0,121.8,143.2,134.8],\"text\":\"($ in millions)\"}],\"order\":3,\"text\":\"($ in millions)\"},{\"bbox\":[82.1,146.2,334.2,259.0],\"lines\":[{\"bbox\":[85.2,146.2,212.9,161.5],\"text\":\"Intangibles and Other Assets:\"},{\"bbox\":[92.9,158.0,189.5,172.3],\"text\":\"Investments in affiliates\"},{\"bbox\":[92.5,169.7,268.8,186.7],\"text\":\"Prepaid pension and related intangible asset\"},{\"bbox\":[92.1,181.4,333.1,200.5],\"text\":\"Other intangibles (net of accumulated amortization of $70.7\"},{\"bbox\":[100.8,193.4,328.4,212.1],\"text\":\"and $52.6 at December 31, 2006 and 2005, respectively)\"},{\"bbox\":[91.4,204.8,217.6,220.1],\"text\":\"Company-owned life insurance\"},{\"bbox\":[91.0,216.5,163.9,230.0],\"text\":\"Deferred tax asset\"},{\"bbox\":[90.6,228.2,246.5,244.5],\"text\":\"Property insurance receivable (Note 5)\"},{\"bbox\":[90.2,239.9,113.4,251.8],\"text\":\"Other\"}],\"order\":4,\"text\":\"Intangibles and Other Assets:\\nInvestments in affiliates\\nPrepaid pension and related intangible asset\\nOther intangibles (net of accumulated amortization of $70.7\\nand $52.6 at December 31, 2006 and 2005, respectively)\\nCompany-owned life insurance\\nDeferred tax asset\\nProperty insurance receivable (Note 5)\\nOther\"},{\"bbox\":[437.9,133.5,458.4,145.3],\"lines\":[{\"bbox\":[437.9,133.5,458.4,145.3],\"text\":\"2006\"}],\"order\":5,\"text\":\"2006\"},{\"bbox\":[525.5,136.4,546.0,148.2],\"lines\":[{\"bbox\":[525.5,136.4,546.0,148.2],\"text\":\"2005\"}],\"order\":6,\"text\":\"2005\"},{\"bbox\":[428.1,169.2,459.1,193.0],\"lines\":[{\"bbox\":[428.5,169.2,459.1,181.3],\"text\":\"$ 76.5\"},{\"bbox\":[445.8,181.5,458.7,193.0],\"text\":\"2.3\"}],\"order\":7,\"text\":\"$ 76.5\\n2.3\"},{\"bbox\":[515.7,172.1,546.7,195.9],\"lines\":[{\"bbox\":[516.1,172.1,546.7,184.2],\"text\":\"$ 65.4\"},{\"bbox\":[528.4,184.3,546.3,195.9],\"text\":\"42.3\"}],\"order\":8,\"text\":\"$ 65.4\\n42.3\"},{\"bbox\":[433.3,204.6,457.9,263.2],\"lines\":[{\"bbox\":[434.8,204.6,457.8,216.4],\"text\":\"116.2\"},{\"bbox\":[439.6,216.4,457.5,228.1],\"text\":\"77.5\"},{\"bbox\":[439.2,228.1,457.1,239.8],\"text\":\"34.9\"},{\"bbox\":[438.8,239.8,456.7,251.5],\"text\":\"49.7\"},{\"bbox\":[438.3,251.5,456.3,263.2],\"text\":\"72.8\"}],\"order\":9,\"text\":\"116.2\\n77.5\\n34.9\\n49.7\\n72.8\"},{\"bbox\":[525.9,207.6,545.5,266.1],\"lines\":[{\"bbox\":[527.5,207.6,545.5,219.3],\"text\":\"43.1\"},{\"bbox\":[527.1,219.3,545.1,231.0],\"text\":\"65.4\"},{\"bbox\":[526.8,231.0,544.7,242.7],\"text\":\"40.7\"},{\"bbox\":[531.3,242.9,536.7,254.2],\"text\":\"–\"},{\"bbox\":[525.9,254.4,543.9,266.1],\"text\":\"45.5\"}],\"order\":10,\"text\":\"43.1\\n65.4\\n40.7\\n–\\n45.5\"},{\"bbox\":[425.1,270.0,455.7,282.1],\"lines\":[{\"bbox\":[425.1,270.0,455.7,282.1],\"text\":\"$ 429.9\"}],\"order\":11,\"text\":\"$ 429.9\"},{\"bbox\":[512.7,272.9,543.3,285.0],\"lines\":[{\"bbox\":[512.7,272.9,543.3,285.0],\"text\":\"$ 302.4\"}],\"order\":12,\"text\":\"$ 302.4\"},{\"bbox\":[73.3,284.1,542.7,369.2],\"lines\":[{\"bbox\":[75.2,284.1,542.7,310.7],\"text\":\"Total amortization expense of other intangible assets amounted to $14.6 million, $11.4 million and $12.3 million for\"},{\"bbox\":[74.8,295.8,533.9,322.1],\"text\":\"the years ended December 31, 2006, 2005 and 2004, respectively. Based on intangible assets and foreign currency\"},{\"bbox\":[74.4,307.5,511.3,333.1],\"text\":\"exchange rates as of December 31, 2006, total annual intangible asset amortization expense is expected to be\"},{\"bbox\":[74.1,319.2,532.4,345.5],\"text\":\"approximately $14 million in each of the years 2007 through 2009 and approximately $5 million in both 2010 and\"},{\"bbox\":[73.7,330.9,522.3,356.9],\"text\":\"2011. The increase in intangibles is due primarily to preliminary estimates of the fair market values of customer\"},{\"bbox\":[73.3,342.6,420.8,365.2],\"text\":\"relationships acquired in the U.S. Can and Alcan acquisitions (as discussed in Note 3).\"}],\"order\":13,\"text\":\"Total amortization expense of other intangible assets amounted to $14.6 million, $11.4 million and $12.3 million for\\nthe years ended December 31, 2006, 2005 and 2004, respectively. Based on intangible assets and foreign currency\\nexchange rates as of December 31, 2006, total annual intangible asset amortization expense is expected to be\\napproximately $14 million in each of the years 2007 through 2009 and approximately $5 million in both 2010 and\\n2011. The increase in intangibles is due primarily to preliminary estimates of the fair market values of customer\\nrelationships acquired in the U.S. Can and Alcan acquisitions (as discussed in Note 3).\"},{\"bbox\":[70.9,365.9,536.8,439.3],\"lines\":[{\"bbox\":[72.5,365.9,536.8,392.5],\"text\":\"In the first quarter of 2005, selling, general and administrative expenses included $3.8 million for the write down to\"},{\"bbox\":[72.1,377.6,493.7,402.8],\"text\":\"net realizable value of an equity investment in an aerospace company. The remaining carrying amount of\"},{\"bbox\":[71.7,389.3,499.7,414.7],\"text\":\"$14 million was reclassified to other current assets and was sold in October 2005 for $7 million cash and a\"},{\"bbox\":[71.3,401.0,512.1,426.8],\"text\":\"$7.2 million interest-bearing note that was paid during 2006. Also included in the first quarter of 2005 was an\"},{\"bbox\":[70.9,412.7,418.1,435.4],\"text\":\"expense of $3.4 million for the full write off of a PRC joint venture equity investment.\"}],\"order\":14,\"text\":\"In the first quarter of 2005, selling, general and administrative expenses included $3.8 million for the write down to\\nnet realizable value of an equity investment in an aerospace company. The remaining carrying amount of\\n$14 million was reclassified to other current assets and was sold in October 2005 for $7 million cash and a\\n$7.2 million interest-bearing note that was paid during 2006. Also included in the first quarter of 2005 was an\\nexpense of $3.4 million for the full write off of a PRC joint venture equity investment.\"},{\"bbox\":[70.1,436.3,120.9,450.1],\"lines\":[{\"bbox\":[70.1,436.3,120.9,450.1],\"text\":\"11. Leases\"}],\"order\":15,\"text\":\"11. Leases\"},{\"bbox\":[66.6,460.7,535.8,569.2],\"lines\":[{\"bbox\":[69.3,460.7,524.6,486.9],\"text\":\"The company leases warehousing and manufacturing space and certain equipment in the packaging segments and\"},{\"bbox\":[69.0,472.4,535.5,499.0],\"text\":\"office and technical space in the aerospace and technologies segment. During 2005 and 2003, we entered into leases\"},{\"bbox\":[68.6,484.1,492.8,509.3],\"text\":\"which qualify as operating leases for book purposes and capital leases for tax purposes. Under these lease\"},{\"bbox\":[68.2,495.8,532.3,522.3],\"text\":\"arrangements, Ball has the option to purchase the leased equipment at the end of the lease term, or if we elect not to\"},{\"bbox\":[67.8,507.5,502.8,533.0],\"text\":\"do so, to compensate the lessors for the difference between the guaranteed minimum residual values totaling\"},{\"bbox\":[67.4,519.2,483.0,544.1],\"text\":\"$16.3 million and the fair market value of the assets, if less. Certain of the company’s leases in effect at\"},{\"bbox\":[67.0,530.8,530.2,557.3],\"text\":\"December 31, 2006, include renewal options and/or escalation clauses for adjusting lease expense based on various\"},{\"bbox\":[66.6,542.5,96.8,554.6],\"text\":\"factors.\"}],\"order\":16,\"text\":\"The company leases warehousing and manufacturing space and certain equipment in the packaging segments and\\noffice and technical space in the aerospace and technologies segment. During 2005 and 2003, we entered into leases\\nwhich qualify as operating leases for book purposes and capital leases for tax purposes. Under these lease\\narrangements, Ball has the option to purchase the leased equipment at the end of the lease term, or if we elect not to\\ndo so, to compensate the lessors for the difference between the guaranteed minimum residual values totaling\\n$16.3 million and the fair market value of the assets, if less. Certain of the company’s leases in effect at\\nDecember 31, 2006, include renewal options and/or escalation clauses for adjusting lease expense based on various\\nfactors.\"},{\"bbox\":[64.7,565.9,508.9,626.9],\"lines\":[{\"bbox\":[65.8,565.9,505.4,591.6],\"text\":\"Total noncancellable operating leases in effect at December 31, 2006, require rental payments of $45 million,\"},{\"bbox\":[65.5,577.6,508.5,603.5],\"text\":\"$32.8 million, $25.7 million, $21.7 million and $17 million for the years 2007 through 2011, respectively, and\"},{\"bbox\":[65.1,589.3,486.6,614.4],\"text\":\"$43.7 million combined for all years thereafter. Lease expense for all operating leases was $83.1 million,\"},{\"bbox\":[64.7,601.0,338.9,621.2],\"text\":\"$74 million and $71.3 million in 2006, 2005 and 2004, respectively.\"}],\"order\":17,\"text\":\"Total noncancellable operating leases in effect at December 31, 2006, require rental payments of $45 million,\\n$32.8 million, $25.7 million, $21.7 million and $17 million for the years 2007 through 2011, respectively, and\\n$43.7 million combined for all years thereafter. Lease expense for all operating leases was $83.1 million,\\n$74 million and $71.3 million in 2006, 2005 and 2004, respectively.\"},{\"bbox\":[270.7,743.8,326.6,756.8],\"lines\":[{\"bbox\":[270.7,743.8,326.6,756.8],\"text\":\"Page 58 of 98\"}],\"order\":18,\"text\":\"Page 58 of 98\"}],\"doc\":\"fintabnet:BLL_2006\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Notes to Consolidated Financial Statements\\nBall Corporation and Subsidiaries\\n\\n10. Intangibles and Other Assets\\n\\nDecember 31,\\n\\n($ in millions)\\n\\nIntangibles and Other Assets:\\nInvestments in affiliates\\nPrepaid pension and related intangible asset\\nOther intangibles (net of accumulated amortization of $70.7\\nand $52.6 at December 31, 2006 and 2005, respectively)\\nCompany-owned life insurance\\nDeferred tax asset\\nProperty insurance receivable (Note 5)\\nOther\\n\\n2006\\n\\n2005\\n\\n$ 76.5\\n2.3\\n\\n$ 65.4\\n42.3\\n\\n116.2\\n77.5\\n34.9\\n49.7\\n72.8\\n\\n43.1\\n65.4\\n40.7\\n–\\n45.5\\n\\n$ 429.9\\n\\n$ 302.4\\n\\nTotal amortization expense of other intangible assets amounted to $14.6 million, $11.4 million and $12.3 million for\\nthe years ended December 31, 2006, 2005 and 2004, respectively. Based on intangible assets and foreign currency\\nexchange rates as of December 31, 2006, total annual intangible asset amortization expense is expected to be\\napproximately $14 million in each of the years 2007 through 2009 and approximately $5 million in both 2010 and\\n2011. The increase in intangibles is due primarily to preliminary estimates of the fair market values of customer\\nrelationships acquired in the U.S. Can and Alcan acquisitions (as discussed in Note 3).\\n\\nIn the first quarter of 2005, selling, general and administrative expenses included $3.8 million for the write down to\\nnet realizable value of an equity investment in an aerospace company. The remaining carrying amount of\\n$14 million was reclassified to other current assets and was sold in October 2005 for $7 million cash and a\\n$7.2 million interest-bearing note that was paid during 2006. Also included in the first quarter of 2005 was an\\nexpense of $3.4 million for the full write off of a PRC joint venture equity investment.\\n\\n11. Leases\\n\\nThe company leases warehousing and manufacturing space and certain equipment in the packaging segments and\\noffice and technical space in the aerospace and technologies segment. During 2005 and 2003, we entered into leases\\nwhich qualify as operating leases for book purposes and capital leases for tax purposes. Under these lease\\narrangements, Ball has the option to purchase the leased equipment at the end of the lease term, or if we elect not to\\ndo so, to compensate the lessors for the difference between the guaranteed minimum residual values totaling\\n$16.3 million and the fair market value of the assets, if less. Certain of the company’s leases in effect at\\nDecember 31, 2006, include renewal options and/or escalation clauses for adjusting lease expense based on various\\nfactors.\\n\\nTotal noncancellable operating leases in effect at December 31, 2006, require rental payments of $45 million,\\n$32.8 million, $25.7 million, $21.7 million and $17 million for the years 2007 through 2011, respectively, and\\n$43.7 million combined for all years thereafter. Lease expense for all operating leases was $83.1 million,\\n$74 million and $71.3 million in 2006, 2005 and 2004, respectively.\\n\\nPage 58 of 98\",\"name\":\"fintabnet.BLL_2006_page_74__72dpi_medium\",\"page_id\":\"fintabnet.BLL_2006_page_74\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.907,\"source\":\"fintabnet\",\"source_id\":\"BLL_2006_page_74\",\"stack\":[{\"deg\":-1.907,\"op\":\"skew\"},{\"amp\":0.167,\"angle\":63.5,\"blob\":0.216,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.947},{\"op\":\"noise\",\"sigma\":8.493},{\"gain\":0.779,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.05,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[81.5,106.6,548.4,285.0],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12],\"cells\":null}],\"text\":\"Notes to Consolidated Financial Statements\\nBall Corporation and Subsidiaries\\n\\n10. Intangibles and Other Assets\\n\\nDecember 31,\\n\\n($ in millions)\\n\\nIntangibles and Other Assets:\\nInvestments in affiliates\\nPrepaid pension and related intangible asset\\nOther intangibles (net of accumulated amortization of $70.7\\nand $52.6 at December 31, 2006 and 2005, respectively)\\nCompany-owned life insurance\\nDeferred tax asset\\nProperty insurance receivable (Note 5)\\nOther\\n\\n2006\\n\\n2005\\n\\n$ 76.5\\n2.3\\n\\n$ 65.4\\n42.3\\n\\n116.2\\n77.5\\n34.9\\n49.7\\n72.8\\n\\n43.1\\n65.4\\n40.7\\n–\\n45.5\\n\\n$ 429.9\\n\\n$ 302.4\\n\\nTotal amortization expense of other intangible assets amounted to $14.6 million, $11.4 million and $12.3 million for\\nthe years ended December 31, 2006, 2005 and 2004, respectively. Based on intangible assets and foreign currency\\nexchange rates as of December 31, 2006, total annual intangible asset amortization expense is expected to be\\napproximately $14 million in each of the years 2007 through 2009 and approximately $5 million in both 2010 and\\n2011. The increase in intangibles is due primarily to preliminary estimates of the fair market values of customer\\nrelationships acquired in the U.S. Can and Alcan acquisitions (as discussed in Note 3).\\n\\nIn the first quarter of 2005, selling, general and administrative expenses included $3.8 million for the write down to\\nnet realizable value of an equity investment in an aerospace company. The remaining carrying amount of\\n$14 million was reclassified to other current assets and was sold in October 2005 for $7 million cash and a\\n$7.2 million interest-bearing note that was paid during 2006. Also included in the first quarter of 2005 was an\\nexpense of $3.4 million for the full write off of a PRC joint venture equity investment.\\n\\n11. Leases\\n\\nThe company leases warehousing and manufacturing space and certain equipment in the packaging segments and\\noffice and technical space in the aerospace and technologies segment. During 2005 and 2003, we entered into leases\\nwhich qualify as operating leases for book purposes and capital leases for tax purposes. Under these lease\\narrangements, Ball has the option to purchase the leased equipment at the end of the lease term, or if we elect not to\\ndo so, to compensate the lessors for the difference between the guaranteed minimum residual values totaling\\n$16.3 million and the fair market value of the assets, if less. Certain of the company’s leases in effect at\\nDecember 31, 2006, include renewal options and/or escalation clauses for adjusting lease expense based on various\\nfactors.\\n\\nTotal noncancellable operating leases in effect at December 31, 2006, require rental payments of $45 million,\\n$32.8 million, $25.7 million, $21.7 million and $17 million for the years 2007 through 2011, respectively, and\\n$43.7 million combined for all years thereafter. Lease expense for all operating leases was $83.1 million,\\n$74 million and $71.3 million in 2006, 2005 and 2004, respectively.\\n\\nPage 58 of 98\"},\"name\":\"fintabnet.BLL_2006_page_74__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":12658,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:BLL_2006\",\"dpi\":72,\"gt_sha256\":\"662efdee809046bdc4d8bf1e368c85acd5b65147ed464b0fa9840639033fb2f4\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.BLL_2006_page_74__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.BLL_2006_page_74\",\"pdf_sha256\":\"f2a5f317ea7ce97192524de3b0e762170f6ac9ebd456c79a91a3196c08f46e73\",\"px\":[612,792],\"scan\":{\"render\":\"00003e00001c3e003e1000163ffc3ffc3ff83ffc3ffc3ff83ff8000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"BLL_2006_page_74\",\"src\":{\"file_sha256\":\"d757d3408d85d9046b199404a0879b9394df82df26c7fbaa571819f167943b93\",\"render\":\"00003e00001c3e003c10003e3ffc3ff83ff83ffc3ffc3ff83f80000000000000\",\"text\":\"f6e71f66e14e932edda30dea636b9f967bd95da110144657fabc01091b149d77\"},\"stack\":[{\"deg\":-1.907,\"op\":\"skew\"},{\"amp\":0.167,\"angle\":63.5,\"blob\":0.216,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.947},{\"op\":\"noise\",\"sigma\":8.493},{\"gain\":0.779,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.05,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f2a5f317ea7ce97192524de3b0e762170f6ac9ebd456c79a91a3196c08f46e73\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f2a5f317ea7ce97192524de3b0e762170f6ac9ebd456c79a91a3196c08f46e73.pdf","asset_sha256":"f2a5f317ea7ce97192524de3b0e762170f6ac9ebd456c79a91a3196c08f46e73","document_id":"fintabnet:BLL_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BLL_2006_page_74\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BLL_2006_page_84\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:BLL_2006\",\"ground_truth\":{\"blocks\":[{\"bbox\":[150.0,106.5,575.1,158.2],\"lines\":[{\"bbox\":[150.0,106.5,575.1,131.8],\"text\":\"Notes to Consolidated Financial Statements\"},{\"bbox\":[150.0,132.9,461.4,158.2],\"text\":\"Ball Corporation and Subsidiaries\"}],\"order\":0,\"text\":\"Notes to Consolidated Financial Statements\\nBall Corporation and Subsidiaries\"},{\"bbox\":[150.0,184.2,596.9,209.6],\"lines\":[{\"bbox\":[150.0,184.2,596.9,209.6],\"text\":\"14. Employee Benefit Obligations (continued)\"}],\"order\":1,\"text\":\"14. Employee Benefit Obligations (continued)\"},{\"bbox\":[150.0,235.0,536.6,258.1],\"lines\":[{\"bbox\":[150.0,235.0,536.6,258.1],\"text\":\"Components of net periodic benefit cost were:\"}],\"order\":2,\"text\":\"Components of net periodic benefit cost were:\"},{\"bbox\":[150.0,306.6,256.5,327.3],\"lines\":[{\"bbox\":[150.0,306.6,256.5,327.3],\"text\":\"($ in millions)\"}],\"order\":3,\"text\":\"($ in millions)\"},{\"bbox\":[328.1,306.6,361.5,327.3],\"lines\":[{\"bbox\":[328.1,306.6,361.5,327.3],\"text\":\"U.S.\"}],\"order\":4,\"text\":\"U.S.\"},{\"bbox\":[419.5,283.5,478.1,327.3],\"lines\":[{\"bbox\":[440.6,283.5,478.1,304.3],\"text\":\"2006\"},{\"bbox\":[419.5,306.6,477.8,327.3],\"text\":\"Foreign\"}],\"order\":5,\"text\":\"2006\\nForeign\"},{\"bbox\":[533.1,306.6,572.7,327.3],\"lines\":[{\"bbox\":[533.1,306.6,572.7,327.3],\"text\":\"Total\"}],\"order\":6,\"text\":\"Total\"},{\"bbox\":[636.5,306.6,669.9,327.3],\"lines\":[{\"bbox\":[636.5,306.6,669.9,327.3],\"text\":\"U.S.\"}],\"order\":7,\"text\":\"U.S.\"},{\"bbox\":[730.3,283.5,788.7,327.3],\"lines\":[{\"bbox\":[750.0,283.5,787.5,304.3],\"text\":\"2005\"},{\"bbox\":[730.3,306.6,788.7,327.3],\"text\":\"Foreign\"}],\"order\":8,\"text\":\"2005\\nForeign\"},{\"bbox\":[845.2,306.6,880.9,327.3],\"lines\":[{\"bbox\":[845.2,306.6,880.9,327.3],\"text\":\"Total\"}],\"order\":9,\"text\":\"Total\"},{\"bbox\":[948.7,306.6,982.1,327.3],\"lines\":[{\"bbox\":[948.7,306.6,982.1,327.3],\"text\":\"U.S.\"}],\"order\":10,\"text\":\"U.S.\"},{\"bbox\":[1036.6,283.5,1096.9,327.3],\"lines\":[{\"bbox\":[1059.4,283.5,1096.9,304.3],\"text\":\"2004\"},{\"bbox\":[1036.6,306.6,1095.0,327.3],\"text\":\"Foreign\"}],\"order\":11,\"text\":\"2004\\nForeign\"},{\"bbox\":[1152.2,306.6,1191.9,327.3],\"lines\":[{\"bbox\":[1152.2,306.6,1191.9,327.3],\"text\":\"Total\"}],\"order\":12,\"text\":\"Total\"},{\"bbox\":[150.0,351.5,293.2,682.3],\"lines\":[{\"bbox\":[150.0,351.5,241.4,372.3],\"text\":\"Service cost\"},{\"bbox\":[150.0,373.5,241.4,394.3],\"text\":\"Interest cost\"},{\"bbox\":[150.0,395.5,293.2,416.3],\"text\":\"Expected return on\"},{\"bbox\":[168.8,417.5,249.6,438.3],\"text\":\"plan assets\"},{\"bbox\":[150.0,439.5,270.5,460.3],\"text\":\"Amortization of\"},{\"bbox\":[168.7,461.5,263.2,482.3],\"text\":\"prior service\"},{\"bbox\":[168.7,483.5,198.9,504.3],\"text\":\"cost\"},{\"bbox\":[150.0,505.5,266.6,526.3],\"text\":\"Recognized net\"},{\"bbox\":[168.8,527.5,267.6,548.3],\"text\":\"actuarial loss\"},{\"bbox\":[150.0,549.5,273.7,570.2],\"text\":\"Curtailment loss\"},{\"bbox\":[168.8,572.5,231.4,593.2],\"text\":\"Subtotal\"},{\"bbox\":[150.0,594.5,257.2,615.3],\"text\":\"Non-company\"},{\"bbox\":[168.8,616.5,289.1,637.3],\"text\":\"sponsored plans\"},{\"bbox\":[150.0,639.5,243.5,660.3],\"text\":\"Net periodic\"},{\"bbox\":[168.8,661.5,255.9,682.3],\"text\":\"benefit cost\"}],\"order\":13,\"text\":\"Service cost\\nInterest cost\\nExpected return on\\nplan assets\\nAmortization of\\nprior service\\ncost\\nRecognized net\\nactuarial loss\\nCurtailment loss\\nSubtotal\\nNon-company\\nsponsored plans\\nNet periodic\\nbenefit cost\"},{\"bbox\":[318.6,351.5,370.4,394.3],\"lines\":[{\"bbox\":[318.6,351.5,370.4,372.3],\"text\":\"$ 26.9\"},{\"bbox\":[337.5,373.5,370.3,394.3],\"text\":\"45.8\"}],\"order\":14,\"text\":\"$ 26.9\\n45.8\"},{\"bbox\":[426.4,351.5,473.5,394.3],\"lines\":[{\"bbox\":[426.4,351.5,473.5,372.3],\"text\":\"$ 9.3\"},{\"bbox\":[440.6,373.5,473.5,394.3],\"text\":\"26.9\"}],\"order\":15,\"text\":\"$ 9.3\\n26.9\"},{\"bbox\":[527.8,351.5,579.5,394.3],\"lines\":[{\"bbox\":[527.8,351.5,579.5,372.3],\"text\":\"$ 36.2\"},{\"bbox\":[546.6,373.5,579.5,394.3],\"text\":\"72.7\"}],\"order\":16,\"text\":\"$ 36.2\\n72.7\"},{\"bbox\":[628.0,351.5,679.7,394.3],\"lines\":[{\"bbox\":[628.0,351.5,679.7,372.3],\"text\":\"$ 24.2\"},{\"bbox\":[646.9,373.5,679.7,394.3],\"text\":\"40.1\"}],\"order\":17,\"text\":\"$ 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44.2\"}],\"order\":59,\"text\":\"$ 44.2\"},{\"bbox\":[421.7,661.5,473.5,682.3],\"lines\":[{\"bbox\":[421.7,661.5,473.5,682.3],\"text\":\"$ 26.0\"}],\"order\":60,\"text\":\"$ 26.0\"},{\"bbox\":[527.8,661.5,579.5,682.3],\"lines\":[{\"bbox\":[527.8,661.5,579.5,682.3],\"text\":\"$ 70.2\"}],\"order\":61,\"text\":\"$ 70.2\"},{\"bbox\":[628.0,661.5,679.7,682.3],\"lines\":[{\"bbox\":[628.0,661.5,679.7,682.3],\"text\":\"$ 39.4\"}],\"order\":62,\"text\":\"$ 39.4\"},{\"bbox\":[834.3,661.5,886.0,682.3],\"lines\":[{\"bbox\":[834.3,661.5,886.0,682.3],\"text\":\"$ 66.4\"}],\"order\":63,\"text\":\"$ 66.4\"},{\"bbox\":[937.4,661.5,989.2,682.3],\"lines\":[{\"bbox\":[937.4,661.5,989.2,682.3],\"text\":\"$ 33.3\"}],\"order\":64,\"text\":\"$ 33.3\"},{\"bbox\":[731.1,661.5,782.9,682.3],\"lines\":[{\"bbox\":[731.1,661.5,782.9,682.3],\"text\":\"$ 27.0\"}],\"order\":65,\"text\":\"$ 27.0\"},{\"bbox\":[1040.5,661.5,1092.3,682.3],\"lines\":[{\"bbox\":[1040.5,661.5,1092.3,682.3],\"text\":\"$ 25.9\"}],\"order\":66,\"text\":\"$ 25.9\"},{\"bbox\":[150.0,711.3,1065.9,783.2],\"lines\":[{\"bbox\":[150.0,711.3,1065.9,734.4],\"text\":\"The estimated net loss and prior service cost for the defined benefit pension plans that will be amortized from\"},{\"bbox\":[150.0,735.7,1047.0,758.8],\"text\":\"accumulated other comprehensive earnings into net periodic benefit cost during 2007 are $18.1 million and\"},{\"bbox\":[150.0,760.0,368.6,783.2],\"text\":\"$0.1 million, respectively.\"}],\"order\":67,\"text\":\"The estimated net loss and prior service cost for the defined benefit pension plans that will be amortized from\\naccumulated other comprehensive earnings into net periodic benefit cost during 2007 are $18.1 million and\\n$0.1 million, respectively.\"},{\"bbox\":[150.0,808.8,1113.9,856.3],\"lines\":[{\"bbox\":[150.0,808.8,1113.9,831.9],\"text\":\"Weighted average assumptions used to determine benefit obligations for the North American plans at December 31\"},{\"bbox\":[150.0,833.2,196.3,856.3],\"text\":\"were:\"}],\"order\":68,\"text\":\"Weighted average assumptions used to determine benefit obligations for the North American plans at December 31\\nwere:\"},{\"bbox\":[150.0,934.4,405.9,981.9],\"lines\":[{\"bbox\":[150.0,934.4,262.1,957.5],\"text\":\"Discount rate\"},{\"bbox\":[150.0,958.8,405.9,981.9],\"text\":\"Rate of compensation increase\"}],\"order\":69,\"text\":\"Discount rate\\nRate of compensation increase\"},{\"bbox\":[533.6,908.2,587.8,981.9],\"lines\":[{\"bbox\":[539.6,908.2,581.6,931.3],\"text\":\"2006\"},{\"bbox\":[533.6,934.4,587.7,957.5],\"text\":\"6.00%\"},{\"bbox\":[533.8,958.8,587.8,981.9],\"text\":\"4.80%\"}],\"order\":70,\"text\":\"2006\\n6.00%\\n4.80%\"},{\"bbox\":[643.4,882.0,697.6,981.9],\"lines\":[{\"bbox\":[661.1,882.0,695.3,905.1],\"text\":\"U.S.\"},{\"bbox\":[649.5,908.2,691.4,931.3],\"text\":\"2005\"},{\"bbox\":[643.4,934.4,697.5,957.5],\"text\":\"5.75%\"},{\"bbox\":[643.6,958.8,697.6,981.9],\"text\":\"3.33%\"}],\"order\":71,\"text\":\"U.S.\\n2005\\n5.75%\\n3.33%\"},{\"bbox\":[749.9,908.2,804.1,981.9],\"lines\":[{\"bbox\":[756.0,908.2,797.9,931.3],\"text\":\"2004\"},{\"bbox\":[749.9,934.4,804.0,957.5],\"text\":\"6.00%\"},{\"bbox\":[750.0,958.8,804.1,981.9],\"text\":\"3.33%\"}],\"order\":72,\"text\":\"2004\\n6.00%\\n3.33%\"},{\"bbox\":[862.4,908.2,916.6,981.9],\"lines\":[{\"bbox\":[868.5,908.2,910.4,931.3],\"text\":\"2006\"},{\"bbox\":[862.4,934.4,916.5,957.5],\"text\":\"5.00%\"},{\"bbox\":[862.5,958.8,916.6,981.9],\"text\":\"3.50%\"}],\"order\":73,\"text\":\"2006\\n5.00%\\n3.50%\"},{\"bbox\":[972.2,882.0,1038.7,981.9],\"lines\":[{\"bbox\":[976.1,882.0,1038.7,905.1],\"text\":\"Canada\"},{\"bbox\":[978.4,908.2,1020.3,931.3],\"text\":\"2005\"},{\"bbox\":[972.2,934.4,1026.3,957.5],\"text\":\"5.00%\"},{\"bbox\":[972.3,958.8,1026.4,981.9],\"text\":\"3.50%\"}],\"order\":74,\"text\":\"Canada\\n2005\\n5.00%\\n3.50%\"},{\"bbox\":[1078.8,908.2,1132.8,981.9],\"lines\":[{\"bbox\":[1084.9,908.2,1126.8,931.3],\"text\":\"2004\"},{\"bbox\":[1078.8,934.4,1132.8,957.5],\"text\":\"5.75%\"},{\"bbox\":[1078.8,958.8,1132.8,981.9],\"text\":\"2.75%\"}],\"order\":75,\"text\":\"2004\\n5.75%\\n2.75%\"},{\"bbox\":[150.0,1007.5,1109.4,1030.6],\"lines\":[{\"bbox\":[150.0,1007.5,1109.4,1030.6],\"text\":\"Weighted average assumptions used to determine benefit obligations for the European plans at December 31 were:\"}],\"order\":76,\"text\":\"Weighted average assumptions used to determine benefit obligations for the European plans at December 31 were:\"},{\"bbox\":[150.0,1108.8,405.9,1180.6],\"lines\":[{\"bbox\":[150.0,1108.8,262.1,1131.9],\"text\":\"Discount rate\"},{\"bbox\":[150.0,1133.2,405.9,1156.3],\"text\":\"Rate of compensation increase\"},{\"bbox\":[150.0,1157.5,290.1,1180.6],\"text\":\"Pension increase\"}],\"order\":77,\"text\":\"Discount rate\\nRate of compensation increase\\nPension increase\"},{\"bbox\":[531.6,1082.6,585.8,1180.6],\"lines\":[{\"bbox\":[537.5,1082.6,579.4,1105.7],\"text\":\"2006\"},{\"bbox\":[531.6,1108.8,585.7,1131.9],\"text\":\"5.00%\"},{\"bbox\":[531.8,1133.2,585.8,1156.3],\"text\":\"4.00%\"},{\"bbox\":[531.7,1157.5,585.8,1180.6],\"text\":\"2.75%\"}],\"order\":78,\"text\":\"2006\\n5.00%\\n4.00%\\n2.75%\"},{\"bbox\":[607.2,1056.3,804.1,1180.6],\"lines\":[{\"bbox\":[607.2,1056.3,748.4,1079.4],\"text\":\"United Kingdom\"},{\"bbox\":[647.4,1082.6,689.3,1105.7],\"text\":\"2005\"},{\"bbox\":[756.0,1082.6,797.9,1105.7],\"text\":\"2004\"},{\"bbox\":[641.5,1108.8,695.5,1131.9],\"text\":\"4.90%\"},{\"bbox\":[749.9,1108.8,804.0,1131.9],\"text\":\"5.50%\"},{\"bbox\":[641.6,1133.2,695.6,1156.3],\"text\":\"4.00%\"},{\"bbox\":[750.0,1133.2,804.1,1156.3],\"text\":\"4.00%\"},{\"bbox\":[641.6,1157.5,695.6,1180.6],\"text\":\"2.50%\"},{\"bbox\":[750.0,1157.5,804.1,1180.6],\"text\":\"2.50%\"}],\"order\":79,\"text\":\"United Kingdom\\n2005\\n2004\\n4.90%\\n5.50%\\n4.00%\\n4.00%\\n2.50%\\n2.50%\"},{\"bbox\":[862.4,1082.6,916.6,1180.6],\"lines\":[{\"bbox\":[868.5,1082.6,910.4,1105.7],\"text\":\"2006\"},{\"bbox\":[862.4,1108.8,916.5,1131.9],\"text\":\"4.50%\"},{\"bbox\":[862.5,1133.2,916.6,1156.3],\"text\":\"2.75%\"},{\"bbox\":[862.5,1157.5,916.5,1180.6],\"text\":\"1.75%\"}],\"order\":80,\"text\":\"2006\\n4.50%\\n2.75%\\n1.75%\"},{\"bbox\":[968.5,1056.3,1046.2,1180.6],\"lines\":[{\"bbox\":[968.5,1056.3,1046.2,1079.4],\"text\":\"Germany\"},{\"bbox\":[978.4,1082.6,1020.3,1105.7],\"text\":\"2005\"},{\"bbox\":[972.2,1108.8,1026.3,1131.9],\"text\":\"4.01%\"},{\"bbox\":[972.3,1133.2,1026.4,1156.3],\"text\":\"2.75%\"},{\"bbox\":[972.3,1157.5,1026.4,1180.6],\"text\":\"1.75%\"}],\"order\":81,\"text\":\"Germany\\n2005\\n4.01%\\n2.75%\\n1.75%\"},{\"bbox\":[1081.0,1082.6,1135.1,1180.6],\"lines\":[{\"bbox\":[1087.0,1082.6,1128.9,1105.7],\"text\":\"2004\"},{\"bbox\":[1081.0,1108.8,1135.1,1131.9],\"text\":\"4.76%\"},{\"bbox\":[1081.0,1133.2,1135.1,1156.3],\"text\":\"2.75%\"},{\"bbox\":[1081.0,1157.5,1135.1,1180.6],\"text\":\"1.75%\"}],\"order\":82,\"text\":\"2004\\n4.76%\\n2.75%\\n1.75%\"},{\"bbox\":[150.0,1206.3,1077.2,1253.8],\"lines\":[{\"bbox\":[150.0,1206.3,1077.2,1229.4],\"text\":\"The discount and compensation increase rates used above to determine the benefit obligations at December 31,\"},{\"bbox\":[150.0,1230.7,702.3,1253.8],\"text\":\"2006, will be used to determine net periodic benefit cost for 2007.\"}],\"order\":83,\"text\":\"The discount and compensation increase rates used above to determine the benefit obligations at December 31,\\n2006, will be used to determine net periodic benefit cost for 2007.\"},{\"bbox\":[150.0,1279.4,1082.2,1326.9],\"lines\":[{\"bbox\":[150.0,1279.4,1082.2,1302.6],\"text\":\"Weighted average assumptions used to determine net periodic benefit cost for the North American plans for the\"},{\"bbox\":[150.0,1303.8,418.1,1326.9],\"text\":\"years ended December 31 were:\"}],\"order\":84,\"text\":\"Weighted average assumptions used to determine net periodic benefit cost for the North American plans for the\\nyears ended December 31 were:\"},{\"bbox\":[159.4,1405.0,465.4,1501.3],\"lines\":[{\"bbox\":[159.4,1405.0,271.5,1428.1],\"text\":\"Discount rate\"},{\"bbox\":[159.4,1429.4,415.2,1452.5],\"text\":\"Rate of compensation increase\"},{\"bbox\":[159.4,1453.8,465.4,1476.9],\"text\":\"Expected long-term rate of return on\"},{\"bbox\":[178.1,1478.2,226.8,1501.3],\"text\":\"assets\"}],\"order\":85,\"text\":\"Discount rate\\nRate of compensation increase\\nExpected long-term rate of return on\\nassets\"},{\"bbox\":[533.6,1378.8,587.8,1452.5],\"lines\":[{\"bbox\":[539.6,1378.8,581.6,1402.0],\"text\":\"2006\"},{\"bbox\":[533.6,1405.0,587.7,1428.1],\"text\":\"5.75%\"},{\"bbox\":[533.8,1429.4,587.8,1452.5],\"text\":\"3.33%\"}],\"order\":86,\"text\":\"2006\\n5.75%\\n3.33%\"},{\"bbox\":[643.4,1352.6,697.6,1452.5],\"lines\":[{\"bbox\":[661.1,1352.6,695.3,1375.7],\"text\":\"U.S.\"},{\"bbox\":[649.5,1378.8,691.4,1402.0],\"text\":\"2005\"},{\"bbox\":[643.4,1405.0,697.5,1428.1],\"text\":\"6.00%\"},{\"bbox\":[643.6,1429.4,697.6,1452.5],\"text\":\"3.33%\"}],\"order\":87,\"text\":\"U.S.\\n2005\\n6.00%\\n3.33%\"},{\"bbox\":[749.9,1378.8,804.1,1452.5],\"lines\":[{\"bbox\":[756.0,1378.8,797.9,1402.0],\"text\":\"2004\"},{\"bbox\":[749.9,1405.0,804.0,1428.1],\"text\":\"6.25%\"},{\"bbox\":[750.0,1429.4,804.1,1452.5],\"text\":\"3.33%\"}],\"order\":88,\"text\":\"2004\\n6.25%\\n3.33%\"},{\"bbox\":[861.1,1378.8,915.3,1452.5],\"lines\":[{\"bbox\":[867.1,1378.8,909.1,1402.0],\"text\":\"2006\"},{\"bbox\":[861.1,1405.0,915.2,1428.1],\"text\":\"5.00%\"},{\"bbox\":[861.3,1429.4,915.3,1452.5],\"text\":\"3.50%\"}],\"order\":89,\"text\":\"2006\\n5.00%\\n3.50%\"},{\"bbox\":[971.0,1352.6,1038.7,1452.5],\"lines\":[{\"bbox\":[976.1,1352.6,1038.7,1375.7],\"text\":\"Canada\"},{\"bbox\":[977.0,1378.8,1018.9,1402.0],\"text\":\"2005\"},{\"bbox\":[971.0,1405.0,1025.1,1428.1],\"text\":\"5.75%\"},{\"bbox\":[971.1,1429.4,1025.1,1452.5],\"text\":\"3.50%\"}],\"order\":90,\"text\":\"Canada\\n2005\\n5.75%\\n3.50%\"},{\"bbox\":[1083.6,1378.8,1137.7,1452.5],\"lines\":[{\"bbox\":[1089.6,1378.8,1131.6,1402.0],\"text\":\"2004\"},{\"bbox\":[1083.6,1405.0,1137.7,1428.1],\"text\":\"6.20%\"},{\"bbox\":[1083.7,1429.4,1137.7,1452.5],\"text\":\"3.50%\"}],\"order\":91,\"text\":\"2004\\n6.20%\\n3.50%\"},{\"bbox\":[533.5,1478.2,587.6,1501.3],\"lines\":[{\"bbox\":[533.5,1478.2,587.6,1501.3],\"text\":\"8.50%\"}],\"order\":92,\"text\":\"8.50%\"},{\"bbox\":[640.0,1478.2,694.1,1501.3],\"lines\":[{\"bbox\":[640.0,1478.2,694.1,1501.3],\"text\":\"8.50%\"}],\"order\":93,\"text\":\"8.50%\"},{\"bbox\":[749.9,1478.2,804.0,1501.3],\"lines\":[{\"bbox\":[749.9,1478.2,804.0,1501.3],\"text\":\"8.50%\"}],\"order\":94,\"text\":\"8.50%\"},{\"bbox\":[861.1,1478.2,915.2,1501.3],\"lines\":[{\"bbox\":[861.1,1478.2,915.2,1501.3],\"text\":\"6.78%\"}],\"order\":95,\"text\":\"6.78%\"},{\"bbox\":[973.6,1478.2,1027.7,1501.3],\"lines\":[{\"bbox\":[973.6,1478.2,1027.7,1501.3],\"text\":\"7.65%\"}],\"order\":96,\"text\":\"7.65%\"},{\"bbox\":[1083.7,1478.2,1137.7,1501.3],\"lines\":[{\"bbox\":[1083.7,1478.2,1137.7,1501.3],\"text\":\"7.64%\"}],\"order\":97,\"text\":\"7.64%\"},{\"bbox\":[588.9,1551.7,704.7,1574.8],\"lines\":[{\"bbox\":[588.9,1551.7,704.7,1574.8],\"text\":\"Page 68 of 98\"}],\"order\":98,\"text\":\"Page 68 of 98\"},{\"bbox\":[1143.7,661.5,1195.4,682.3],\"lines\":[{\"bbox\":[1143.7,661.5,1195.4,682.3],\"text\":\"$ 59.2\"}],\"order\":99,\"text\":\"$ 59.2\"}],\"doc\":\"fintabnet:BLL_2006\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Notes to Consolidated Financial Statements\\nBall Corporation and Subsidiaries\\n\\n14. Employee Benefit Obligations (continued)\\n\\nComponents of net periodic benefit cost were:\\n\\n($ in millions)\\n\\nU.S.\\n\\n2006\\nForeign\\n\\nTotal\\n\\nU.S.\\n\\n2005\\nForeign\\n\\nTotal\\n\\nU.S.\\n\\n2004\\nForeign\\n\\nTotal\\n\\nService cost\\nInterest cost\\nExpected return on\\nplan assets\\nAmortization of\\nprior service\\ncost\\nRecognized net\\nactuarial loss\\nCurtailment loss\\nSubtotal\\nNon-company\\nsponsored plans\\nNet periodic\\nbenefit cost\\n\\n$ 26.9\\n45.8\\n\\n$ 9.3\\n26.9\\n\\n$ 36.2\\n72.7\\n\\n$ 24.2\\n40.1\\n\\n$ 8.4\\n28.1\\n\\n$ 32.6\\n68.2\\n\\n$ 22.1\\n37.8\\n\\n$ 8.6\\n28.8\\n\\n$ 30.7\\n66.6\\n\\n(51.1)\\n\\n(15.5)\\n\\n(66.6)\\n\\n(46.2)\\n\\n(14.7)\\n\\n(60.9)\\n\\n(43.8)\\n\\n(12.8)\\n\\n(56.6)\\n\\n3.0\\n\\n(0.3)\\n\\n2.7\\n\\n4.8\\n\\n(0.1)\\n\\n4.7\\n\\n4.0\\n\\n–\\n\\n4.0\\n\\n18.4\\n–\\n43.0\\n\\n3.3\\n2.2\\n25.9\\n\\n21.7\\n2.2\\n68.9\\n\\n15.5\\n–\\n38.4\\n\\n2.3\\n3.0\\n27.0\\n\\n17.8\\n3.0\\n65.4\\n\\n12.9\\n–\\n33.0\\n\\n1.3\\n–\\n25.9\\n\\n14.2\\n–\\n58.9\\n\\n1.2\\n\\n0.1\\n\\n1.3\\n\\n1.0\\n\\n–\\n\\n1.0\\n\\n0.3\\n\\n–\\n\\n0.3\\n\\n$ 44.2\\n\\n$ 26.0\\n\\n$ 70.2\\n\\n$ 39.4\\n\\n$ 66.4\\n\\n$ 33.3\\n\\n$ 27.0\\n\\n$ 25.9\\n\\nThe estimated net loss and prior service cost for the defined benefit pension plans that will be amortized from\\naccumulated other comprehensive earnings into net periodic benefit cost during 2007 are $18.1 million and\\n$0.1 million, respectively.\\n\\nWeighted average assumptions used to determine benefit obligations for the North American plans at December 31\\nwere:\\n\\nDiscount rate\\nRate of compensation increase\\n\\n2006\\n6.00%\\n4.80%\\n\\nU.S.\\n2005\\n5.75%\\n3.33%\\n\\n2004\\n6.00%\\n3.33%\\n\\n2006\\n5.00%\\n3.50%\\n\\nCanada\\n2005\\n5.00%\\n3.50%\\n\\n2004\\n5.75%\\n2.75%\\n\\nWeighted average assumptions used to determine benefit obligations for the European plans at December 31 were:\\n\\nDiscount rate\\nRate of compensation increase\\nPension increase\\n\\n2006\\n5.00%\\n4.00%\\n2.75%\\n\\nUnited Kingdom\\n2005\\n2004\\n4.90%\\n5.50%\\n4.00%\\n4.00%\\n2.50%\\n2.50%\\n\\n2006\\n4.50%\\n2.75%\\n1.75%\\n\\nGermany\\n2005\\n4.01%\\n2.75%\\n1.75%\\n\\n2004\\n4.76%\\n2.75%\\n1.75%\\n\\nThe discount and compensation increase rates used above to determine the benefit obligations at December 31,\\n2006, will be used to determine net periodic benefit cost for 2007.\\n\\nWeighted average assumptions used to determine net periodic benefit cost for the North American plans for the\\nyears ended December 31 were:\\n\\nDiscount rate\\nRate of compensation increase\\nExpected long-term rate of return on\\nassets\\n\\n2006\\n5.75%\\n3.33%\\n\\nU.S.\\n2005\\n6.00%\\n3.33%\\n\\n2004\\n6.25%\\n3.33%\\n\\n2006\\n5.00%\\n3.50%\\n\\nCanada\\n2005\\n5.75%\\n3.50%\\n\\n2004\\n6.20%\\n3.50%\\n\\n8.50%\\n\\n8.50%\\n\\n8.50%\\n\\n6.78%\\n\\n7.65%\\n\\n7.64%\\n\\nPage 68 of 98\\n\\n$ 59.2\",\"name\":\"fintabnet.BLL_2006_page_84__150dpi_mild\",\"page_id\":\"fintabnet.BLL_2006_page_84\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"BLL_2006_page_84\",\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.383},{\"op\":\"noise\",\"sigma\":3.647},{\"op\":\"jpeg\",\"q\":71}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[150.0,1056.3,1135.1,1180.6],\"block_orders\":[77,78,79,80,81,82],\"cells\":null},{\"bbox\":[159.4,1352.6,1137.7,1501.3],\"block_orders\":[85,86,87,88,89,90,91,92,93,94,95,96,97],\"cells\":null},{\"bbox\":[150.0,283.5,1201.6,682.3],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,99],\"cells\":null},{\"bbox\":[150.0,882.0,1132.8,981.9],\"block_orders\":[69,70,71,72,73,74,75],\"cells\":null}],\"text\":\"Notes to Consolidated Financial Statements\\nBall Corporation and Subsidiaries\\n\\n14. Employee Benefit Obligations (continued)\\n\\nComponents of net periodic benefit cost were:\\n\\n($ in millions)\\n\\nU.S.\\n\\n2006\\nForeign\\n\\nTotal\\n\\nU.S.\\n\\n2005\\nForeign\\n\\nTotal\\n\\nU.S.\\n\\n2004\\nForeign\\n\\nTotal\\n\\nService cost\\nInterest cost\\nExpected return on\\nplan assets\\nAmortization of\\nprior service\\ncost\\nRecognized net\\nactuarial loss\\nCurtailment loss\\nSubtotal\\nNon-company\\nsponsored plans\\nNet periodic\\nbenefit cost\\n\\n$ 26.9\\n45.8\\n\\n$ 9.3\\n26.9\\n\\n$ 36.2\\n72.7\\n\\n$ 24.2\\n40.1\\n\\n$ 8.4\\n28.1\\n\\n$ 32.6\\n68.2\\n\\n$ 22.1\\n37.8\\n\\n$ 8.6\\n28.8\\n\\n$ 30.7\\n66.6\\n\\n(51.1)\\n\\n(15.5)\\n\\n(66.6)\\n\\n(46.2)\\n\\n(14.7)\\n\\n(60.9)\\n\\n(43.8)\\n\\n(12.8)\\n\\n(56.6)\\n\\n3.0\\n\\n(0.3)\\n\\n2.7\\n\\n4.8\\n\\n(0.1)\\n\\n4.7\\n\\n4.0\\n\\n–\\n\\n4.0\\n\\n18.4\\n–\\n43.0\\n\\n3.3\\n2.2\\n25.9\\n\\n21.7\\n2.2\\n68.9\\n\\n15.5\\n–\\n38.4\\n\\n2.3\\n3.0\\n27.0\\n\\n17.8\\n3.0\\n65.4\\n\\n12.9\\n–\\n33.0\\n\\n1.3\\n–\\n25.9\\n\\n14.2\\n–\\n58.9\\n\\n1.2\\n\\n0.1\\n\\n1.3\\n\\n1.0\\n\\n–\\n\\n1.0\\n\\n0.3\\n\\n–\\n\\n0.3\\n\\n$ 44.2\\n\\n$ 26.0\\n\\n$ 70.2\\n\\n$ 39.4\\n\\n$ 66.4\\n\\n$ 33.3\\n\\n$ 27.0\\n\\n$ 25.9\\n\\nThe estimated net loss and prior service cost for the defined benefit pension plans that will be amortized from\\naccumulated other comprehensive earnings into net periodic benefit cost during 2007 are $18.1 million and\\n$0.1 million, respectively.\\n\\nWeighted average assumptions used to determine benefit obligations for the North American plans at December 31\\nwere:\\n\\nDiscount rate\\nRate of compensation increase\\n\\n2006\\n6.00%\\n4.80%\\n\\nU.S.\\n2005\\n5.75%\\n3.33%\\n\\n2004\\n6.00%\\n3.33%\\n\\n2006\\n5.00%\\n3.50%\\n\\nCanada\\n2005\\n5.00%\\n3.50%\\n\\n2004\\n5.75%\\n2.75%\\n\\nWeighted average assumptions used to determine benefit obligations for the European plans at December 31 were:\\n\\nDiscount rate\\nRate of compensation increase\\nPension increase\\n\\n2006\\n5.00%\\n4.00%\\n2.75%\\n\\nUnited Kingdom\\n2005\\n2004\\n4.90%\\n5.50%\\n4.00%\\n4.00%\\n2.50%\\n2.50%\\n\\n2006\\n4.50%\\n2.75%\\n1.75%\\n\\nGermany\\n2005\\n4.01%\\n2.75%\\n1.75%\\n\\n2004\\n4.76%\\n2.75%\\n1.75%\\n\\nThe discount and compensation increase rates used above to determine the benefit obligations at December 31,\\n2006, will be used to determine net periodic benefit cost for 2007.\\n\\nWeighted average assumptions used to determine net periodic benefit cost for the North American plans for the\\nyears ended December 31 were:\\n\\nDiscount rate\\nRate of compensation increase\\nExpected long-term rate of return on\\nassets\\n\\n2006\\n5.75%\\n3.33%\\n\\nU.S.\\n2005\\n6.00%\\n3.33%\\n\\n2004\\n6.25%\\n3.33%\\n\\n2006\\n5.00%\\n3.50%\\n\\nCanada\\n2005\\n5.75%\\n3.50%\\n\\n2004\\n6.20%\\n3.50%\\n\\n8.50%\\n\\n8.50%\\n\\n8.50%\\n\\n6.78%\\n\\n7.65%\\n\\n7.64%\\n\\nPage 68 of 98\\n\\n$ 59.2\"},\"name\":\"fintabnet.BLL_2006_page_84__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":207810,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:BLL_2006\",\"dpi\":150,\"gt_sha256\":\"9d2a5b95073e9b657a3d6e0c299468af5b543cec2f93955da19f5f74bcc48e58\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.BLL_2006_page_84__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.BLL_2006_page_84\",\"pdf_sha256\":\"dcebfa86f6eae9afab87f126c3a52d965f7ba76b6e57e9552d9f0c13f34acea2\",\"px\":[1275,1650],\"scan\":{\"render\":\"00003e000c002ce6200030403dfe3ffc00d83bfc01dc3bf83f8023fe38000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"BLL_2006_page_84\",\"src\":{\"file_sha256\":\"fe74248c455e6dfafa26c34c203cc942989133d6ef818bda59757767cb07f464\",\"render\":\"00003e000e442cee20002c463ffe3ff800dc3bfc03fc3bf83f8023fe30000000\",\"text\":\"7330040b5901feb43addddf5ba7e277dafd47b576ca567bffe40ddd7e7752463\"},\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.383},{\"op\":\"noise\",\"sigma\":3.647},{\"op\":\"jpeg\",\"q\":71}],\"tools\":\"21647cade0ee\"},\"sha256\":\"dcebfa86f6eae9afab87f126c3a52d965f7ba76b6e57e9552d9f0c13f34acea2\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/dcebfa86f6eae9afab87f126c3a52d965f7ba76b6e57e9552d9f0c13f34acea2.pdf","asset_sha256":"dcebfa86f6eae9afab87f126c3a52d965f7ba76b6e57e9552d9f0c13f34acea2","document_id":"fintabnet:BLL_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BLL_2006_page_84\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BLL_2010_page_33\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:BLL_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[67.5,42.7,565.2,104.5],\"lines\":[{\"bbox\":[68.6,42.7,565.2,70.0],\"text\":\"Segment sales were $100.7 million lower in 2009 than in 2008, primarily as a result of the impact of lower aluminum prices\"},{\"bbox\":[68.3,54.2,553.2,81.1],\"text\":\"partially offset by an increase in sales volumes. The higher sales volumes in 2009 were the result of incremental volumes\"},{\"bbox\":[67.9,65.7,545.2,92.4],\"text\":\"from the four plants purchased from AB InBev, partially offset by certain plant closures and lower sales volumes in the\"},{\"bbox\":[67.5,77.2,138.4,90.6],\"text\":\"existing business.\"}],\"order\":0,\"text\":\"Segment sales were $100.7 million lower in 2009 than in 2008, primarily as a result of the impact of lower aluminum prices\\npartially offset by an increase in sales volumes. The higher sales volumes in 2009 were the result of incremental volumes\\nfrom the four plants purchased from AB InBev, partially offset by certain plant closures and lower sales volumes in the\\nexisting business.\"},{\"bbox\":[65.3,99.0,556.9,172.1],\"lines\":[{\"bbox\":[66.8,99.0,556.9,126.1],\"text\":\"Segment earnings in 2010 were $122.3 million higher than in 2009 primarily due to a net $85 million impact related to the\"},{\"bbox\":[66.4,110.6,541.8,137.1],\"text\":\"higher sales volumes and $45 million of product mix and improved manufacturing performance associated with higher\"},{\"bbox\":[66.0,122.0,547.2,148.8],\"text\":\"production. Also adding to the 2010 improvement was the effect of a $7 million out-of-period inventory charge in 2009.\"},{\"bbox\":[65.7,133.5,554.4,160.5],\"text\":\"The details of the out-of-period adjustment are included in Note 7 to the consolidated financial statements included within\"},{\"bbox\":[65.3,145.0,148.2,158.8],\"text\":\"Item 8 of this report.\"}],\"order\":1,\"text\":\"Segment earnings in 2010 were $122.3 million higher than in 2009 primarily due to a net $85 million impact related to the\\nhigher sales volumes and $45 million of product mix and improved manufacturing performance associated with higher\\nproduction. Also adding to the 2010 improvement was the effect of a $7 million out-of-period inventory charge in 2009.\\nThe details of the out-of-period adjustment are included in Note 7 to the consolidated financial statements included within\\nItem 8 of this report.\"},{\"bbox\":[63.4,168.0,556.2,229.6],\"lines\":[{\"bbox\":[64.5,168.0,538.8,194.6],\"text\":\"Segment earnings in 2009 were higher than in 2008 due to $12 million of earnings contribution from the four acquired\"},{\"bbox\":[64.2,179.5,555.8,206.6],\"text\":\"plants and approximately $21 million of savings associated with plant closures. Partially offsetting these favorable impacts\"},{\"bbox\":[63.8,191.0,538.4,217.5],\"text\":\"were lower carbonated soft drink and beer can sales volumes (excluding the newly acquired plants) and approximately\"},{\"bbox\":[63.4,202.5,341.2,222.6],\"text\":\"$25 million related to higher cost inventories in the first half of 2009.\"}],\"order\":2,\"text\":\"Segment earnings in 2009 were higher than in 2008 due to $12 million of earnings contribution from the four acquired\\nplants and approximately $21 million of savings associated with plant closures. Partially offsetting these favorable impacts\\nwere lower carbonated soft drink and beer can sales volumes (excluding the newly acquired plants) and approximately\\n$25 million related to higher cost inventories in the first half of 2009.\"},{\"bbox\":[62.7,225.5,206.3,241.2],\"lines\":[{\"bbox\":[62.7,225.5,206.3,241.2],\"text\":\"Metal Beverage Packaging, Europe\"}],\"order\":3,\"text\":\"Metal Beverage Packaging, Europe\"},{\"bbox\":[61.9,248.5,119.0,261.4],\"lines\":[{\"bbox\":[61.9,248.5,119.0,261.4],\"text\":\"($ in millions)\"}],\"order\":4,\"text\":\"($ in millions)\"},{\"bbox\":[334.3,257.4,354.7,269.1],\"lines\":[{\"bbox\":[334.3,257.4,354.7,269.1],\"text\":\"2010\"}],\"order\":5,\"text\":\"2010\"},{\"bbox\":[414.1,260.0,434.4,271.7],\"lines\":[{\"bbox\":[414.1,260.0,434.4,271.7],\"text\":\"2009\"}],\"order\":6,\"text\":\"2009\"},{\"bbox\":[486.7,262.3,507.0,274.1],\"lines\":[{\"bbox\":[486.7,262.3,507.0,274.1],\"text\":\"2008\"}],\"order\":7,\"text\":\"2008\"},{\"bbox\":[61.2,271.9,98.0,284.2],\"lines\":[{\"bbox\":[61.2,271.9,98.0,284.2],\"text\":\"Net sales\"}],\"order\":8,\"text\":\"Net sales\"},{\"bbox\":[323.6,280.5,361.4,292.8],\"lines\":[{\"bbox\":[323.6,280.5,361.4,292.8],\"text\":\"$ 1,697.6\"}],\"order\":9,\"text\":\"$ 1,697.6\"},{\"bbox\":[403.3,283.1,441.2,295.4],\"lines\":[{\"bbox\":[403.3,283.1,441.2,295.4],\"text\":\"$ 1,739.5\"}],\"order\":10,\"text\":\"$ 1,739.5\"},{\"bbox\":[475.9,285.5,513.8,297.8],\"lines\":[{\"bbox\":[475.9,285.5,513.8,297.8],\"text\":\"$ 1,868.7\"}],\"order\":11,\"text\":\"$ 1,868.7\"},{\"bbox\":[59.6,295.4,188.1,334.1],\"lines\":[{\"bbox\":[60.4,295.4,132.2,308.9],\"text\":\"Segment earnings\"},{\"bbox\":[60.0,306.9,187.7,322.1],\"text\":\"Business consolidation costs (a)\"},{\"bbox\":[68.6,319.2,162.4,333.3],\"text\":\"Total segment earnings\"}],\"order\":12,\"text\":\"Segment earnings\\nBusiness consolidation costs (a)\\nTotal segment earnings\"},{\"bbox\":[321.9,304.0,363.9,339.9],\"lines\":[{\"bbox\":[322.7,304.0,360.6,316.3],\"text\":\"$ 212.9\"},{\"bbox\":[344.0,316.2,363.6,327.9],\"text\":\"(3.2)\"},{\"bbox\":[322.1,327.5,359.9,339.8],\"text\":\"$ 209.7\"}],\"order\":13,\"text\":\"$ 212.9\\n(3.2)\\n$ 209.7\"},{\"bbox\":[402.9,306.6,441.6,342.4],\"lines\":[{\"bbox\":[403.6,306.6,441.5,319.0],\"text\":\"$ 214.8\"},{\"bbox\":[427.7,318.9,433.7,330.2],\"text\":\"−\"},{\"bbox\":[403.0,330.1,440.8,342.4],\"text\":\"$ 214.8\"}],\"order\":14,\"text\":\"$ 214.8\\n−\\n$ 214.8\"},{\"bbox\":[474.3,309.0,513.0,344.7],\"lines\":[{\"bbox\":[475.1,309.0,512.9,321.3],\"text\":\"$ 230.9\"},{\"bbox\":[499.1,321.2,505.1,332.5],\"text\":\"−\"},{\"bbox\":[474.4,332.4,512.2,344.7],\"text\":\"$ 230.9\"}],\"order\":15,\"text\":\"$ 230.9\\n−\\n$ 230.9\"},{\"bbox\":[76.9,342.8,529.7,367.5],\"lines\":[{\"bbox\":[76.9,342.8,529.7,367.5],\"text\":\"(a) Further details of these items are included in Note 5 to the consolidated financial statements within Item 8 of this report.\"}],\"order\":16,\"text\":\"(a) Further details of these items are included in Note 5 to the consolidated financial statements within Item 8 of this report.\"},{\"bbox\":[57.4,363.0,534.1,412.5],\"lines\":[{\"bbox\":[58.2,363.0,534.1,389.6],\"text\":\"The metal beverage packaging, Europe, segment includes metal beverage packaging products manufactured in Europe.\"},{\"bbox\":[57.8,374.4,524.5,400.7],\"text\":\"Ball Packaging Europe has manufacturing plants located in Germany, the United Kingdom, France, the Netherlands,\"},{\"bbox\":[57.4,385.9,416.7,408.7],\"text\":\"Poland and Serbia, and is the second largest metal beverage container business in Europe.\"}],\"order\":17,\"text\":\"The metal beverage packaging, Europe, segment includes metal beverage packaging products manufactured in Europe.\\nBall Packaging Europe has manufacturing plants located in Germany, the United Kingdom, France, the Netherlands,\\nPoland and Serbia, and is the second largest metal beverage container business in Europe.\"},{\"bbox\":[56.3,408.9,551.0,447.6],\"lines\":[{\"bbox\":[56.7,408.9,551.0,436.1],\"text\":\"Segment sales in 2010 decreased $41.9 million compared to 2009, primarily due to unfavorable foreign exchange effects of\"},{\"bbox\":[56.3,420.4,376.9,442.0],\"text\":\"$93 million and price and mix changes, partially offset by higher sales volumes.\"}],\"order\":18,\"text\":\"Segment sales in 2010 decreased $41.9 million compared to 2009, primarily due to unfavorable foreign exchange effects of\\n$93 million and price and mix changes, partially offset by higher sales volumes.\"},{\"bbox\":[54.8,443.4,552.0,493.6],\"lines\":[{\"bbox\":[55.6,443.4,513.2,469.4],\"text\":\"Segment sales in 2009 as compared to 2008 were $129.2 million lower due to $110 million of unfavorable foreign\"},{\"bbox\":[55.2,454.9,551.6,482.2],\"text\":\"exchange effects, partially offset by better commercial terms. Sales volumes in 2009 were essentially flat compared to those\"},{\"bbox\":[54.8,466.3,121.8,479.6],\"text\":\"in the prior year.\"}],\"order\":19,\"text\":\"Segment sales in 2009 as compared to 2008 were $129.2 million lower due to $110 million of unfavorable foreign\\nexchange effects, partially offset by better commercial terms. Sales volumes in 2009 were essentially flat compared to those\\nin the prior year.\"},{\"bbox\":[53.3,489.4,549.9,539.6],\"lines\":[{\"bbox\":[54.1,489.4,549.9,516.6],\"text\":\"Segment earnings in 2010 decreased $1.9 million compared to 2009, primarily the result of a $28 million increase related to\"},{\"bbox\":[53.7,500.8,543.4,527.9],\"text\":\"higher sales volumes, offset by $18 million of negative effects from foreign currency translation and $12 million of higher\"},{\"bbox\":[53.3,512.3,157.0,526.8],\"text\":\"inventory and other costs.\"}],\"order\":20,\"text\":\"Segment earnings in 2010 decreased $1.9 million compared to 2009, primarily the result of a $28 million increase related to\\nhigher sales volumes, offset by $18 million of negative effects from foreign currency translation and $12 million of higher\\ninventory and other costs.\"},{\"bbox\":[51.4,535.3,532.9,596.5],\"lines\":[{\"bbox\":[52.6,535.3,525.7,561.8],\"text\":\"While 2009 sales volumes were consistent with the prior year, the adverse effects of foreign currency translation, both\"},{\"bbox\":[52.2,546.8,505.9,572.7],\"text\":\"within Europe and on the conversion of the euro to the U.S. dollar, reduced segment earnings by $8 million. Also\"},{\"bbox\":[51.8,558.3,532.1,585.1],\"text\":\"contributing to lower segment earnings were higher cost inventory carried into 2009 and a change in sales mix, partially\"},{\"bbox\":[51.4,569.8,288.3,588.6],\"text\":\"offset by better commercial terms in some of our contracts.\"}],\"order\":21,\"text\":\"While 2009 sales volumes were consistent with the prior year, the adverse effects of foreign currency translation, both\\nwithin Europe and on the conversion of the euro to the U.S. dollar, reduced segment earnings by $8 million. Also\\ncontributing to lower segment earnings were higher cost inventory carried into 2009 and a change in sales mix, partially\\noffset by better commercial terms in some of our contracts.\"},{\"bbox\":[48.4,592.8,546.7,689.0],\"lines\":[{\"bbox\":[50.7,592.8,539.9,619.9],\"text\":\"On January 18, 2011, Ball acquired Aerocan S.A.S. (Aerocan), a leading European supplier of aluminum aerosol cans and\"},{\"bbox\":[50.3,604.3,512.8,630.4],\"text\":\"bottles, for €222.4 million (approximately $300 million) in cash and assumed debt. Aerocan manufactures extruded\"},{\"bbox\":[49.9,615.8,509.2,641.8],\"text\":\"aluminum aerosol cans and bottles, and the aluminum slugs used to make them, for customers in the personal care,\"},{\"bbox\":[49.6,627.3,533.1,654.2],\"text\":\"pharmaceutical, beverage and food industries. It operates three aerosol can manufacturing plants – one each in the Czech\"},{\"bbox\":[49.2,638.8,530.0,665.5],\"text\":\"Republic, France and the United Kingdom – and is a 51 percent owner of a joint venture aluminum slug plant in France.\"},{\"bbox\":[48.8,650.3,544.8,677.5],\"text\":\"The four plants employ approximately 560 people. The acquisition of Aerocan will allow Ball to enter a growing part of the\"},{\"bbox\":[48.4,661.7,491.7,687.3],\"text\":\"metal packaging industry and to broaden the company’s market development efforts into a new customer base.\"}],\"order\":22,\"text\":\"On January 18, 2011, Ball acquired Aerocan S.A.S. (Aerocan), a leading European supplier of aluminum aerosol cans and\\nbottles, for €222.4 million (approximately $300 million) in cash and assumed debt. Aerocan manufactures extruded\\naluminum aerosol cans and bottles, and the aluminum slugs used to make them, for customers in the personal care,\\npharmaceutical, beverage and food industries. It operates three aerosol can manufacturing plants – one each in the Czech\\nRepublic, France and the United Kingdom – and is a 51 percent owner of a joint venture aluminum slug plant in France.\\nThe four plants employ approximately 560 people. The acquisition of Aerocan will allow Ball to enter a growing part of the\\nmetal packaging industry and to broaden the company’s market development efforts into a new customer base.\"},{\"bbox\":[274.7,746.1,323.2,756.5],\"lines\":[{\"bbox\":[274.7,746.1,323.2,756.5],\"text\":\"Page 20 of 100\"}],\"order\":23,\"text\":\"Page 20 of 100\"}],\"doc\":\"fintabnet:BLL_2010\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Segment sales were $100.7 million lower in 2009 than in 2008, primarily as a result of the impact of lower aluminum prices\\npartially offset by an increase in sales volumes. The higher sales volumes in 2009 were the result of incremental volumes\\nfrom the four plants purchased from AB InBev, partially offset by certain plant closures and lower sales volumes in the\\nexisting business.\\n\\nSegment earnings in 2010 were $122.3 million higher than in 2009 primarily due to a net $85 million impact related to the\\nhigher sales volumes and $45 million of product mix and improved manufacturing performance associated with higher\\nproduction. Also adding to the 2010 improvement was the effect of a $7 million out-of-period inventory charge in 2009.\\nThe details of the out-of-period adjustment are included in Note 7 to the consolidated financial statements included within\\nItem 8 of this report.\\n\\nSegment earnings in 2009 were higher than in 2008 due to $12 million of earnings contribution from the four acquired\\nplants and approximately $21 million of savings associated with plant closures. Partially offsetting these favorable impacts\\nwere lower carbonated soft drink and beer can sales volumes (excluding the newly acquired plants) and approximately\\n$25 million related to higher cost inventories in the first half of 2009.\\n\\nMetal Beverage Packaging, Europe\\n\\n($ in millions)\\n\\n2010\\n\\n2009\\n\\n2008\\n\\nNet sales\\n\\n$ 1,697.6\\n\\n$ 1,739.5\\n\\n$ 1,868.7\\n\\nSegment earnings\\nBusiness consolidation costs (a)\\nTotal segment earnings\\n\\n$ 212.9\\n(3.2)\\n$ 209.7\\n\\n$ 214.8\\n−\\n$ 214.8\\n\\n$ 230.9\\n−\\n$ 230.9\\n\\n(a) Further details of these items are included in Note 5 to the consolidated financial statements within Item 8 of this report.\\n\\nThe metal beverage packaging, Europe, segment includes metal beverage packaging products manufactured in Europe.\\nBall Packaging Europe has manufacturing plants located in Germany, the United Kingdom, France, the Netherlands,\\nPoland and Serbia, and is the second largest metal beverage container business in Europe.\\n\\nSegment sales in 2010 decreased $41.9 million compared to 2009, primarily due to unfavorable foreign exchange effects of\\n$93 million and price and mix changes, partially offset by higher sales volumes.\\n\\nSegment sales in 2009 as compared to 2008 were $129.2 million lower due to $110 million of unfavorable foreign\\nexchange effects, partially offset by better commercial terms. Sales volumes in 2009 were essentially flat compared to those\\nin the prior year.\\n\\nSegment earnings in 2010 decreased $1.9 million compared to 2009, primarily the result of a $28 million increase related to\\nhigher sales volumes, offset by $18 million of negative effects from foreign currency translation and $12 million of higher\\ninventory and other costs.\\n\\nWhile 2009 sales volumes were consistent with the prior year, the adverse effects of foreign currency translation, both\\nwithin Europe and on the conversion of the euro to the U.S. dollar, reduced segment earnings by $8 million. Also\\ncontributing to lower segment earnings were higher cost inventory carried into 2009 and a change in sales mix, partially\\noffset by better commercial terms in some of our contracts.\\n\\nOn January 18, 2011, Ball acquired Aerocan S.A.S. (Aerocan), a leading European supplier of aluminum aerosol cans and\\nbottles, for €222.4 million (approximately $300 million) in cash and assumed debt. Aerocan manufactures extruded\\naluminum aerosol cans and bottles, and the aluminum slugs used to make them, for customers in the personal care,\\npharmaceutical, beverage and food industries. It operates three aerosol can manufacturing plants – one each in the Czech\\nRepublic, France and the United Kingdom – and is a 51 percent owner of a joint venture aluminum slug plant in France.\\nThe four plants employ approximately 560 people. The acquisition of Aerocan will allow Ball to enter a growing part of the\\nmetal packaging industry and to broaden the company’s market development efforts into a new customer base.\\n\\nPage 20 of 100\",\"name\":\"fintabnet.BLL_2010_page_33__72dpi_medium\",\"page_id\":\"fintabnet.BLL_2010_page_33\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.869,\"source\":\"fintabnet\",\"source_id\":\"BLL_2010_page_33\",\"stack\":[{\"deg\":-1.869,\"op\":\"skew\"},{\"amp\":0.135,\"angle\":160.0,\"blob\":0.317,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.681},{\"op\":\"noise\",\"sigma\":5.982},{\"gain\":0.83,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":63}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[59.6,248.5,514.5,344.7],\"block_orders\":[4,5,6,7,8,9,10,11,12,13,14,15],\"cells\":null}],\"text\":\"Segment sales were $100.7 million lower in 2009 than in 2008, primarily as a result of the impact of lower aluminum prices\\npartially offset by an increase in sales volumes. The higher sales volumes in 2009 were the result of incremental volumes\\nfrom the four plants purchased from AB InBev, partially offset by certain plant closures and lower sales volumes in the\\nexisting business.\\n\\nSegment earnings in 2010 were $122.3 million higher than in 2009 primarily due to a net $85 million impact related to the\\nhigher sales volumes and $45 million of product mix and improved manufacturing performance associated with higher\\nproduction. Also adding to the 2010 improvement was the effect of a $7 million out-of-period inventory charge in 2009.\\nThe details of the out-of-period adjustment are included in Note 7 to the consolidated financial statements included within\\nItem 8 of this report.\\n\\nSegment earnings in 2009 were higher than in 2008 due to $12 million of earnings contribution from the four acquired\\nplants and approximately $21 million of savings associated with plant closures. Partially offsetting these favorable impacts\\nwere lower carbonated soft drink and beer can sales volumes (excluding the newly acquired plants) and approximately\\n$25 million related to higher cost inventories in the first half of 2009.\\n\\nMetal Beverage Packaging, Europe\\n\\n($ in millions)\\n\\n2010\\n\\n2009\\n\\n2008\\n\\nNet sales\\n\\n$ 1,697.6\\n\\n$ 1,739.5\\n\\n$ 1,868.7\\n\\nSegment earnings\\nBusiness consolidation costs (a)\\nTotal segment earnings\\n\\n$ 212.9\\n(3.2)\\n$ 209.7\\n\\n$ 214.8\\n−\\n$ 214.8\\n\\n$ 230.9\\n−\\n$ 230.9\\n\\n(a) Further details of these items are included in Note 5 to the consolidated financial statements within Item 8 of this report.\\n\\nThe metal beverage packaging, Europe, segment includes metal beverage packaging products manufactured in Europe.\\nBall Packaging Europe has manufacturing plants located in Germany, the United Kingdom, France, the Netherlands,\\nPoland and Serbia, and is the second largest metal beverage container business in Europe.\\n\\nSegment sales in 2010 decreased $41.9 million compared to 2009, primarily due to unfavorable foreign exchange effects of\\n$93 million and price and mix changes, partially offset by higher sales volumes.\\n\\nSegment sales in 2009 as compared to 2008 were $129.2 million lower due to $110 million of unfavorable foreign\\nexchange effects, partially offset by better commercial terms. Sales volumes in 2009 were essentially flat compared to those\\nin the prior year.\\n\\nSegment earnings in 2010 decreased $1.9 million compared to 2009, primarily the result of a $28 million increase related to\\nhigher sales volumes, offset by $18 million of negative effects from foreign currency translation and $12 million of higher\\ninventory and other costs.\\n\\nWhile 2009 sales volumes were consistent with the prior year, the adverse effects of foreign currency translation, both\\nwithin Europe and on the conversion of the euro to the U.S. dollar, reduced segment earnings by $8 million. Also\\ncontributing to lower segment earnings were higher cost inventory carried into 2009 and a change in sales mix, partially\\noffset by better commercial terms in some of our contracts.\\n\\nOn January 18, 2011, Ball acquired Aerocan S.A.S. (Aerocan), a leading European supplier of aluminum aerosol cans and\\nbottles, for €222.4 million (approximately $300 million) in cash and assumed debt. Aerocan manufactures extruded\\naluminum aerosol cans and bottles, and the aluminum slugs used to make them, for customers in the personal care,\\npharmaceutical, beverage and food industries. It operates three aerosol can manufacturing plants – one each in the Czech\\nRepublic, France and the United Kingdom – and is a 51 percent owner of a joint venture aluminum slug plant in France.\\nThe four plants employ approximately 560 people. 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Business Consolidation and Other Activities\"}],\"order\":1,\"text\":\"5. Business Consolidation and Other Activities\"},{\"bbox\":[160.0,313.2,1507.9,376.0],\"lines\":[{\"bbox\":[160.0,313.2,1507.9,344.0],\"text\":\"Following is a summary of business consolidation (charges)/gains included in the consolidated statements of earnings for\"},{\"bbox\":[160.0,345.2,496.4,376.0],\"text\":\"the years ended December 31:\"}],\"order\":2,\"text\":\"Following is a summary of business consolidation (charges)/gains included in the consolidated statements of earnings for\\nthe years ended December 31:\"},{\"bbox\":[160.0,409.0,317.6,439.8],\"lines\":[{\"bbox\":[160.0,409.0,317.6,439.8],\"text\":\"($ in millions)\"}],\"order\":3,\"text\":\"($ in millions)\"},{\"bbox\":[957.2,409.0,1012.7,439.8],\"lines\":[{\"bbox\":[957.2,409.0,1012.7,439.8],\"text\":\"2010\"}],\"order\":4,\"text\":\"2010\"},{\"bbox\":[1151.0,409.0,1206.6,439.8],\"lines\":[{\"bbox\":[1151.0,409.0,1206.6,439.8],\"text\":\"2009\"}],\"order\":5,\"text\":\"2009\"},{\"bbox\":[1351.0,409.0,1406.6,439.8],\"lines\":[{\"bbox\":[1351.0,409.0,1406.6,439.8],\"text\":\"2008\"}],\"order\":6,\"text\":\"2008\"},{\"bbox\":[160.0,474.2,776.5,600.8],\"lines\":[{\"bbox\":[160.0,474.2,660.1,505.0],\"text\":\"Metal beverage packaging, Americas & Asia\"},{\"bbox\":[160.0,506.2,547.5,537.0],\"text\":\"Metal beverage packaging, Europe\"},{\"bbox\":[160.0,538.2,776.5,569.0],\"text\":\"Metal food & household products packaging, Americas\"},{\"bbox\":[160.0,570.0,397.8,600.8],\"text\":\"Corporate other costs\"}],\"order\":7,\"text\":\"Metal beverage packaging, Americas & Asia\\nMetal beverage packaging, Europe\\nMetal food & household products packaging, Americas\\nCorporate other costs\"},{\"bbox\":[940.4,474.2,1027.7,634.2],\"lines\":[{\"bbox\":[940.4,474.2,997.7,505.0],\"text\":\"$ −\"},{\"bbox\":[974.5,506.2,1027.7,537.0],\"text\":\"(3.2)\"},{\"bbox\":[969.9,538.2,1018.6,569.0],\"text\":\"18.3\"},{\"bbox\":[974.5,570.0,1027.7,600.8],\"text\":\"(4.1)\"},{\"bbox\":[941.8,603.4,1018.2,634.2],\"text\":\"$ 11.0\"}],\"order\":8,\"text\":\"$ −\\n(3.2)\\n18.3\\n(4.1)\\n$ 11.0\"},{\"bbox\":[1127.0,474.2,1215.3,634.2],\"lines\":[{\"bbox\":[1127.0,474.2,1215.1,505.0],\"text\":\"$ (6.8)\"},{\"bbox\":[1169.3,506.2,1185.0,537.0],\"text\":\"−\"},{\"bbox\":[1162.0,538.2,1215.3,569.0],\"text\":\"(2.6)\"},{\"bbox\":[1148.0,570.0,1215.1,600.8],\"text\":\"(12.0)\"},{\"bbox\":[1127.0,603.4,1215.1,634.2],\"text\":\"$ (21.4)\"}],\"order\":9,\"text\":\"$ (6.8)\\n−\\n(2.6)\\n(12.0)\\n$ (21.4)\"},{\"bbox\":[1339.5,474.2,1427.6,634.2],\"lines\":[{\"bbox\":[1339.5,474.2,1427.6,505.0],\"text\":\"$ (40.6)\"},{\"bbox\":[1381.8,506.2,1397.5,537.0],\"text\":\"−\"},{\"bbox\":[1383.7,538.2,1418.4,569.0],\"text\":\"1.6\"},{\"bbox\":[1374.4,570.0,1427.6,600.8],\"text\":\"(4.8)\"},{\"bbox\":[1339.5,603.4,1427.6,634.2],\"text\":\"$ (43.8)\"}],\"order\":10,\"text\":\"$ (40.6)\\n−\\n1.6\\n(4.8)\\n$ (43.8)\"},{\"bbox\":[160.0,667.5,215.6,698.3],\"lines\":[{\"bbox\":[160.0,667.5,215.6,698.3],\"text\":\"2010\"}],\"order\":11,\"text\":\"2010\"},{\"bbox\":[160.0,731.0,558.2,761.8],\"lines\":[{\"bbox\":[160.0,731.0,558.2,761.8],\"text\":\"Metal Beverage Packaging, Europe\"}],\"order\":12,\"text\":\"Metal Beverage Packaging, Europe\"},{\"bbox\":[160.0,788.5,1518.9,883.2],\"lines\":[{\"bbox\":[160.0,788.5,1518.9,819.3],\"text\":\"During the fourth quarter of 2010, the company recorded a charge of $2.6 million to write off capitalized installation costs\"},{\"bbox\":[160.0,820.5,1484.6,851.3],\"text\":\"associated with the decision not to complete a plant in Lublin, Poland. Also included in the fourth quarter were charges\"},{\"bbox\":[160.0,852.4,1460.6,883.2],\"text\":\"totaling $0.6 million for transaction costs incurred for the January 2011 acquisition of Aerocan S.A.S. (See Note 23.)\"}],\"order\":13,\"text\":\"During the fourth quarter of 2010, the company recorded a charge of $2.6 million to write off capitalized installation costs\\nassociated with the decision not to complete a plant in Lublin, Poland. Also included in the fourth quarter were charges\\ntotaling $0.6 million for transaction costs incurred for the January 2011 acquisition of Aerocan S.A.S. (See Note 23.)\"},{\"bbox\":[160.0,909.9,818.5,940.7],\"lines\":[{\"bbox\":[160.0,909.9,818.5,940.7],\"text\":\"Metal Food and Household Products Packaging, Americas\"}],\"order\":14,\"text\":\"Metal Food and Household Products Packaging, Americas\"},{\"bbox\":[160.0,967.4,1535.9,1158.0],\"lines\":[{\"bbox\":[160.0,967.4,1459.0,998.2],\"text\":\"In September 2010, Ball announced the closure of its metal food container manufacturing plant in Richmond, British\"},{\"bbox\":[160.0,999.4,1535.9,1030.2],\"text\":\"Columbia. The plant, which produces steel cans for the Alaskan and Canadian salmon industry, will cease production in the\"},{\"bbox\":[160.0,1031.4,1461.2,1062.2],\"text\":\"first quarter of 2011, and its production capacity will be consolidated into other Ball facilities. In connection with the\"},{\"bbox\":[160.0,1063.2,1513.8,1094.0],\"text\":\"closure, the company recorded a charge of $4.6 million primarily for severance and other employee benefits. In the fourth\"},{\"bbox\":[160.0,1095.2,1478.2,1126.0],\"text\":\"quarter of 2010, the company completed the sale and subsequent leaseback of its Richmond, British Columbia, facility\"},{\"bbox\":[160.0,1127.2,1466.0,1158.0],\"text\":\"resulting in a $5.1 million gain on the sale net of estimated lease exit costs and other individually insignificant items.\"}],\"order\":15,\"text\":\"In September 2010, Ball announced the closure of its metal food container manufacturing plant in Richmond, British\\nColumbia. The plant, which produces steel cans for the Alaskan and Canadian salmon industry, will cease production in the\\nfirst quarter of 2011, and its production capacity will be consolidated into other Ball facilities. In connection with the\\nclosure, the company recorded a charge of $4.6 million primarily for severance and other employee benefits. In the fourth\\nquarter of 2010, the company completed the sale and subsequent leaseback of its Richmond, British Columbia, facility\\nresulting in a $5.1 million gain on the sale net of estimated lease exit costs and other individually insignificant items.\"},{\"bbox\":[160.0,1184.7,1535.8,1502.8],\"lines\":[{\"bbox\":[160.0,1184.7,1535.8,1215.5],\"text\":\"During the third quarter of 2010, the company identified an accrual of a pension liability related to a Canadian plant closure\"},{\"bbox\":[160.0,1216.5,1419.6,1247.3],\"text\":\"that occurred in 2006. The amount of the accrual was $17.8 million ($14.5 million after tax) and was the result of\"},{\"bbox\":[160.0,1248.5,1529.0,1279.3],\"text\":\"recognizing the final settlement of the pension plan prior to the actual settlement of the pension obligation as defined in the\"},{\"bbox\":[160.0,1280.5,1531.2,1311.3],\"text\":\"pension accounting guidance. A third quarter 2010 out-of-period adjustment eliminated the excess pension liability balance\"},{\"bbox\":[160.0,1312.4,1530.7,1343.2],\"text\":\"related to the final settlement. The accrual for the pension settlement liability, as determined at that time, will be charged to\"},{\"bbox\":[160.0,1344.4,1479.4,1375.2],\"text\":\"earnings from accumulated other comprehensive earnings (loss) upon final settlement of the related pension obligation\"},{\"bbox\":[160.0,1376.4,1501.6,1407.2],\"text\":\"when the criteria in the accounting guidance are deemed to have been met and all regulatory clearances have been given.\"},{\"bbox\":[160.0,1408.2,1429.9,1439.0],\"text\":\"Management has assessed the impact of this adjustment and does not believe these amounts were quantitatively or\"},{\"bbox\":[160.0,1440.2,1510.1,1471.0],\"text\":\"qualitatively material, individually or in the aggregate, to any previously issued financial statements, including the results\"},{\"bbox\":[160.0,1472.0,816.0,1502.8],\"text\":\"of operations for 2006, or to the 2010 results of operations.\"}],\"order\":16,\"text\":\"During the third quarter of 2010, the company identified an accrual of a pension liability related to a Canadian plant closure\\nthat occurred in 2006. The amount of the accrual was $17.8 million ($14.5 million after tax) and was the result of\\nrecognizing the final settlement of the pension plan prior to the actual settlement of the pension obligation as defined in the\\npension accounting guidance. A third quarter 2010 out-of-period adjustment eliminated the excess pension liability balance\\nrelated to the final settlement. The accrual for the pension settlement liability, as determined at that time, will be charged to\\nearnings from accumulated other comprehensive earnings (loss) upon final settlement of the related pension obligation\\nwhen the criteria in the accounting guidance are deemed to have been met and all regulatory clearances have been given.\\nManagement has assessed the impact of this adjustment and does not believe these amounts were quantitatively or\\nqualitatively material, individually or in the aggregate, to any previously issued financial statements, including the results\\nof operations for 2006, or to the 2010 results of operations.\"},{\"bbox\":[160.0,1529.5,464.9,1560.3],\"lines\":[{\"bbox\":[160.0,1529.5,464.9,1560.3],\"text\":\"Corporate and Other Costs\"}],\"order\":17,\"text\":\"Corporate and Other Costs\"},{\"bbox\":[160.0,1587.0,1533.8,1681.8],\"lines\":[{\"bbox\":[160.0,1587.0,1533.8,1617.8],\"text\":\"In the third and fourth quarter of 2010, charges totaling $1.0 million were recorded primarily for transaction costs related to\"},{\"bbox\":[160.0,1619.0,1472.8,1649.8],\"text\":\"the acquisition of Neuman (discussed in Note 3). In the second quarter of 2010, charges of $3.1 million were recorded\"},{\"bbox\":[160.0,1651.0,1302.6,1681.8],\"text\":\"primarily to establish a reserve associated with an environmental matter at a previously owned facility.\"}],\"order\":18,\"text\":\"In the third and fourth quarter of 2010, charges totaling $1.0 million were recorded primarily for transaction costs related to\\nthe acquisition of Neuman (discussed in Note 3). In the second quarter of 2010, charges of $3.1 million were recorded\\nprimarily to establish a reserve associated with an environmental matter at a previously owned facility.\"},{\"bbox\":[160.0,1715.2,215.6,1746.0],\"lines\":[{\"bbox\":[160.0,1715.2,215.6,1746.0],\"text\":\"2009\"}],\"order\":19,\"text\":\"2009\"},{\"bbox\":[160.0,1778.7,686.2,1809.5],\"lines\":[{\"bbox\":[160.0,1778.7,686.2,1809.5],\"text\":\"Metal Beverage Packaging, Americas and Asia\"}],\"order\":20,\"text\":\"Metal Beverage Packaging, Americas and Asia\"},{\"bbox\":[160.0,1836.2,1527.0,2026.8],\"lines\":[{\"bbox\":[160.0,1836.2,1478.3,1867.0],\"text\":\"During the fourth quarter, income of $4.2 million was recorded to reflect the reversal of previously recorded employee\"},{\"bbox\":[160.0,1868.2,1527.0,1899.0],\"text\":\"benefit charges taken primarily related to the closures of the Puerto Rico and Kansas City plants, which were announced in\"},{\"bbox\":[160.0,1900.2,1495.5,1931.0],\"text\":\"the fourth quarter of 2008. The reversal was due to the original estimates of group insurance and other employee-related\"},{\"bbox\":[160.0,1932.0,1516.9,1962.8],\"text\":\"costs being higher than actual experience rates. These gains were partially offset by other charges recognized in the fourth\"},{\"bbox\":[160.0,1964.0,1476.8,1994.8],\"text\":\"quarter totaling $1.0 million primarily for fixed asset disposals where original adjustments to net realizable value were\"},{\"bbox\":[160.0,1996.0,293.6,2026.8],\"text\":\"insufficient.\"}],\"order\":21,\"text\":\"During the fourth quarter, income of $4.2 million was recorded to reflect the reversal of previously recorded employee\\nbenefit charges taken primarily related to the closures of the Puerto Rico and Kansas City plants, which were announced in\\nthe fourth quarter of 2008. The reversal was due to the original estimates of group insurance and other employee-related\\ncosts being higher than actual experience rates. These gains were partially offset by other charges recognized in the fourth\\nquarter totaling $1.0 million primarily for fixed asset disposals where original adjustments to net realizable value were\\ninsufficient.\"},{\"bbox\":[795.5,2074.9,929.6,2099.5],\"lines\":[{\"bbox\":[795.5,2074.9,929.6,2099.5],\"text\":\"Page 48 of 100\"}],\"order\":22,\"text\":\"Page 48 of 100\"}],\"doc\":\"fintabnet:BLL_2010\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"Ball Corporation and Subsidiaries\\nNotes to Consolidated Financial Statements\\n\\n5. Business Consolidation and Other Activities\\n\\nFollowing is a summary of business consolidation (charges)/gains included in the consolidated statements of earnings for\\nthe years ended December 31:\\n\\n($ in millions)\\n\\n2010\\n\\n2009\\n\\n2008\\n\\nMetal beverage packaging, Americas & Asia\\nMetal beverage packaging, Europe\\nMetal food & household products packaging, Americas\\nCorporate other costs\\n\\n$ −\\n(3.2)\\n18.3\\n(4.1)\\n$ 11.0\\n\\n$ (6.8)\\n−\\n(2.6)\\n(12.0)\\n$ (21.4)\\n\\n$ (40.6)\\n−\\n1.6\\n(4.8)\\n$ (43.8)\\n\\n2010\\n\\nMetal Beverage Packaging, Europe\\n\\nDuring the fourth quarter of 2010, the company recorded a charge of $2.6 million to write off capitalized installation costs\\nassociated with the decision not to complete a plant in Lublin, Poland. Also included in the fourth quarter were charges\\ntotaling $0.6 million for transaction costs incurred for the January 2011 acquisition of Aerocan S.A.S. (See Note 23.)\\n\\nMetal Food and Household Products Packaging, Americas\\n\\nIn September 2010, Ball announced the closure of its metal food container manufacturing plant in Richmond, British\\nColumbia. The plant, which produces steel cans for the Alaskan and Canadian salmon industry, will cease production in the\\nfirst quarter of 2011, and its production capacity will be consolidated into other Ball facilities. In connection with the\\nclosure, the company recorded a charge of $4.6 million primarily for severance and other employee benefits. In the fourth\\nquarter of 2010, the company completed the sale and subsequent leaseback of its Richmond, British Columbia, facility\\nresulting in a $5.1 million gain on the sale net of estimated lease exit costs and other individually insignificant items.\\n\\nDuring the third quarter of 2010, the company identified an accrual of a pension liability related to a Canadian plant closure\\nthat occurred in 2006. The amount of the accrual was $17.8 million ($14.5 million after tax) and was the result of\\nrecognizing the final settlement of the pension plan prior to the actual settlement of the pension obligation as defined in the\\npension accounting guidance. A third quarter 2010 out-of-period adjustment eliminated the excess pension liability balance\\nrelated to the final settlement. The accrual for the pension settlement liability, as determined at that time, will be charged to\\nearnings from accumulated other comprehensive earnings (loss) upon final settlement of the related pension obligation\\nwhen the criteria in the accounting guidance are deemed to have been met and all regulatory clearances have been given.\\nManagement has assessed the impact of this adjustment and does not believe these amounts were quantitatively or\\nqualitatively material, individually or in the aggregate, to any previously issued financial statements, including the results\\nof operations for 2006, or to the 2010 results of operations.\\n\\nCorporate and Other Costs\\n\\nIn the third and fourth quarter of 2010, charges totaling $1.0 million were recorded primarily for transaction costs related to\\nthe acquisition of Neuman (discussed in Note 3). In the second quarter of 2010, charges of $3.1 million were recorded\\nprimarily to establish a reserve associated with an environmental matter at a previously owned facility.\\n\\n2009\\n\\nMetal Beverage Packaging, Americas and Asia\\n\\nDuring the fourth quarter, income of $4.2 million was recorded to reflect the reversal of previously recorded employee\\nbenefit charges taken primarily related to the closures of the Puerto Rico and Kansas City plants, which were announced in\\nthe fourth quarter of 2008. The reversal was due to the original estimates of group insurance and other employee-related\\ncosts being higher than actual experience rates. These gains were partially offset by other charges recognized in the fourth\\nquarter totaling $1.0 million primarily for fixed asset disposals where original adjustments to net realizable value were\\ninsufficient.\\n\\nPage 48 of 100\",\"name\":\"fintabnet.BLL_2010_page_61__200dpi_mild\",\"page_id\":\"fintabnet.BLL_2010_page_61\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"BLL_2010_page_61\",\"stack\":[{\"amp\":0.071,\"angle\":354.9,\"blob\":0.459,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":2.626},{\"op\":\"jpeg\",\"q\":77}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[160.0,409.0,1427.6,634.2],\"block_orders\":[3,4,5,6,7,8,9,10],\"cells\":null}],\"text\":\"Ball Corporation and Subsidiaries\\nNotes to Consolidated Financial Statements\\n\\n5. Business Consolidation and Other Activities\\n\\nFollowing is a summary of business consolidation (charges)/gains included in the consolidated statements of earnings for\\nthe years ended December 31:\\n\\n($ in millions)\\n\\n2010\\n\\n2009\\n\\n2008\\n\\nMetal beverage packaging, Americas & Asia\\nMetal beverage packaging, Europe\\nMetal food & household products packaging, Americas\\nCorporate other costs\\n\\n$ −\\n(3.2)\\n18.3\\n(4.1)\\n$ 11.0\\n\\n$ (6.8)\\n−\\n(2.6)\\n(12.0)\\n$ (21.4)\\n\\n$ (40.6)\\n−\\n1.6\\n(4.8)\\n$ (43.8)\\n\\n2010\\n\\nMetal Beverage Packaging, Europe\\n\\nDuring the fourth quarter of 2010, the company recorded a charge of $2.6 million to write off capitalized installation costs\\nassociated with the decision not to complete a plant in Lublin, Poland. Also included in the fourth quarter were charges\\ntotaling $0.6 million for transaction costs incurred for the January 2011 acquisition of Aerocan S.A.S. (See Note 23.)\\n\\nMetal Food and Household Products Packaging, Americas\\n\\nIn September 2010, Ball announced the closure of its metal food container manufacturing plant in Richmond, British\\nColumbia. The plant, which produces steel cans for the Alaskan and Canadian salmon industry, will cease production in the\\nfirst quarter of 2011, and its production capacity will be consolidated into other Ball facilities. In connection with the\\nclosure, the company recorded a charge of $4.6 million primarily for severance and other employee benefits. In the fourth\\nquarter of 2010, the company completed the sale and subsequent leaseback of its Richmond, British Columbia, facility\\nresulting in a $5.1 million gain on the sale net of estimated lease exit costs and other individually insignificant items.\\n\\nDuring the third quarter of 2010, the company identified an accrual of a pension liability related to a Canadian plant closure\\nthat occurred in 2006. The amount of the accrual was $17.8 million ($14.5 million after tax) and was the result of\\nrecognizing the final settlement of the pension plan prior to the actual settlement of the pension obligation as defined in the\\npension accounting guidance. A third quarter 2010 out-of-period adjustment eliminated the excess pension liability balance\\nrelated to the final settlement. The accrual for the pension settlement liability, as determined at that time, will be charged to\\nearnings from accumulated other comprehensive earnings (loss) upon final settlement of the related pension obligation\\nwhen the criteria in the accounting guidance are deemed to have been met and all regulatory clearances have been given.\\nManagement has assessed the impact of this adjustment and does not believe these amounts were quantitatively or\\nqualitatively material, individually or in the aggregate, to any previously issued financial statements, including the results\\nof operations for 2006, or to the 2010 results of operations.\\n\\nCorporate and Other Costs\\n\\nIn the third and fourth quarter of 2010, charges totaling $1.0 million were recorded primarily for transaction costs related to\\nthe acquisition of Neuman (discussed in Note 3). In the second quarter of 2010, charges of $3.1 million were recorded\\nprimarily to establish a reserve associated with an environmental matter at a previously owned facility.\\n\\n2009\\n\\nMetal Beverage Packaging, Americas and Asia\\n\\nDuring the fourth quarter, income of $4.2 million was recorded to reflect the reversal of previously recorded employee\\nbenefit charges taken primarily related to the closures of the Puerto Rico and Kansas City plants, which were announced in\\nthe fourth quarter of 2008. The reversal was due to the original estimates of group insurance and other employee-related\\ncosts being higher than actual experience rates. These gains were partially offset by other charges recognized in the fourth\\nquarter totaling $1.0 million primarily for fixed asset disposals where original adjustments to net realizable value were\\ninsufficient.\\n\\nPage 48 of 100\"},\"name\":\"fintabnet.BLL_2010_page_61__200dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":613957,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:BLL_2010\",\"dpi\":200,\"gt_sha256\":\"cafb86fa5813d394ac4357a5b0798c60084c23235e68decfe14c1324a851534a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.BLL_2010_page_61__200dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.BLL_2010_page_61\",\"pdf_sha256\":\"645c59751cc71bc0bc9c02eeea12f64539e5b51381a325064c4da54869dd45fa\",\"px\":[1700,2200],\"scan\":{\"render\":\"00007e0010003814005c00003f7c3ffc3ffc7ffe3ffc383c00003ffc3ffc0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"BLL_2010_page_61\",\"src\":{\"file_sha256\":\"dc0efc5355e2aa3b79641ccbe0f659af20716766086c3aaa6ddaf1bd0850a947\",\"render\":\"00007e0030003840207c38003f787ffc7ffc7ffc7ffc3ffc40007ffc3ffc0000\",\"text\":\"4d8d8ea3fab7a9ff8576739d6ccf649ff16239f0aaabde21ff0924dad2431fb0\"},\"stack\":[{\"amp\":0.071,\"angle\":354.9,\"blob\":0.459,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":2.626},{\"op\":\"jpeg\",\"q\":77}],\"tools\":\"21647cade0ee\"},\"sha256\":\"645c59751cc71bc0bc9c02eeea12f64539e5b51381a325064c4da54869dd45fa\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/645c59751cc71bc0bc9c02eeea12f64539e5b51381a325064c4da54869dd45fa.pdf","asset_sha256":"645c59751cc71bc0bc9c02eeea12f64539e5b51381a325064c4da54869dd45fa","document_id":"fintabnet:BLL_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BLL_2010_page_61\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BLL_2010_page_69\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:BLL_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[57.6,50.8,261.6,75.6],\"lines\":[{\"bbox\":[57.6,50.8,218.6,63.0],\"text\":\"Ball Corporation and Subsidiaries\"},{\"bbox\":[57.6,63.5,261.6,75.6],\"text\":\"Notes to Consolidated Financial Statements\"}],\"order\":0,\"text\":\"Ball Corporation and Subsidiaries\\nNotes to Consolidated Financial Statements\"},{\"bbox\":[57.6,87.6,243.1,99.8],\"lines\":[{\"bbox\":[57.6,87.6,243.1,99.8],\"text\":\"12. Debt and Interest Costs (continued)\"}],\"order\":1,\"text\":\"12. Debt and Interest Costs (continued)\"},{\"bbox\":[57.6,111.6,291.7,122.7],\"lines\":[{\"bbox\":[57.6,111.6,291.7,122.7],\"text\":\"A summary of total interest cost paid and accrued follows:\"}],\"order\":2,\"text\":\"A summary of total interest cost paid and accrued follows:\"},{\"bbox\":[57.6,134.6,114.3,145.7],\"lines\":[{\"bbox\":[57.6,134.6,114.3,145.7],\"text\":\"($ in millions)\"}],\"order\":3,\"text\":\"($ in millions)\"},{\"bbox\":[333.4,134.6,353.4,145.7],\"lines\":[{\"bbox\":[333.4,134.6,353.4,145.7],\"text\":\"2010\"}],\"order\":4,\"text\":\"2010\"},{\"bbox\":[415.2,134.6,435.2,145.7],\"lines\":[{\"bbox\":[415.2,134.6,435.2,145.7],\"text\":\"2009\"}],\"order\":5,\"text\":\"2009\"},{\"bbox\":[494.6,134.6,514.6,145.7],\"lines\":[{\"bbox\":[494.6,134.6,514.6,145.7],\"text\":\"2008\"}],\"order\":6,\"text\":\"2008\"},{\"bbox\":[57.6,158.4,140.1,193.2],\"lines\":[{\"bbox\":[57.6,158.4,110.2,169.4],\"text\":\"Interest costs\"},{\"bbox\":[57.6,169.8,140.1,180.9],\"text\":\"Amounts capitalized\"},{\"bbox\":[57.6,182.1,122.3,193.2],\"text\":\"Interest expense\"}],\"order\":7,\"text\":\"Interest costs\\nAmounts capitalized\\nInterest expense\"},{\"bbox\":[329.3,158.4,362.6,193.2],\"lines\":[{\"bbox\":[329.3,158.4,359.3,169.4],\"text\":\"$ 161.1\"},{\"bbox\":[343.5,169.8,362.6,180.9],\"text\":\"(2.9)\"},{\"bbox\":[329.3,182.1,359.3,193.2],\"text\":\"$ 158.2\"}],\"order\":8,\"text\":\"$ 161.1\\n(2.9)\\n$ 158.2\"},{\"bbox\":[413.6,158.4,447.0,193.2],\"lines\":[{\"bbox\":[413.6,158.4,443.6,169.4],\"text\":\"$ 120.8\"},{\"bbox\":[427.8,169.8,447.0,180.9],\"text\":\"(3.6)\"},{\"bbox\":[413.6,182.1,443.6,193.2],\"text\":\"$ 117.2\"}],\"order\":9,\"text\":\"$ 120.8\\n(3.6)\\n$ 117.2\"},{\"bbox\":[493.0,158.4,526.4,193.2],\"lines\":[{\"bbox\":[493.0,158.4,523.0,169.4],\"text\":\"$ 144.9\"},{\"bbox\":[507.2,169.8,526.4,180.9],\"text\":\"(7.2)\"},{\"bbox\":[493.0,182.1,523.0,193.2],\"text\":\"$ 137.7\"}],\"order\":10,\"text\":\"$ 144.9\\n(7.2)\\n$ 137.7\"},{\"bbox\":[57.6,207.3,170.4,218.4],\"lines\":[{\"bbox\":[57.6,207.3,170.4,218.4],\"text\":\"Interest paid during the year\"}],\"order\":11,\"text\":\"Interest paid during the year\"},{\"bbox\":[329.3,207.3,359.3,218.4],\"lines\":[{\"bbox\":[329.3,207.3,359.3,218.4],\"text\":\"$ 137.2\"}],\"order\":12,\"text\":\"$ 137.2\"},{\"bbox\":[413.6,207.3,443.6,218.4],\"lines\":[{\"bbox\":[413.6,207.3,443.6,218.4],\"text\":\"$ 103.1\"}],\"order\":13,\"text\":\"$ 103.1\"},{\"bbox\":[493.0,207.3,523.0,218.4],\"lines\":[{\"bbox\":[493.0,207.3,523.0,218.4],\"text\":\"$ 132.4\"}],\"order\":14,\"text\":\"$ 132.4\"},{\"bbox\":[57.6,292.4,114.3,303.5],\"lines\":[{\"bbox\":[57.6,292.4,114.3,303.5],\"text\":\"($ in millions)\"}],\"order\":15,\"text\":\"($ in millions)\"},{\"bbox\":[336.6,292.4,355.1,303.5],\"lines\":[{\"bbox\":[336.6,292.4,355.1,303.5],\"text\":\"2010\"}],\"order\":16,\"text\":\"2010\"},{\"bbox\":[416.0,292.4,434.5,303.5],\"lines\":[{\"bbox\":[416.0,292.4,434.5,303.5],\"text\":\"2009\"}],\"order\":17,\"text\":\"2009\"},{\"bbox\":[495.4,292.4,513.9,303.5],\"lines\":[{\"bbox\":[495.4,292.4,513.9,303.5],\"text\":\"2008\"}],\"order\":18,\"text\":\"2008\"},{\"bbox\":[57.6,316.2,88.7,338.7],\"lines\":[{\"bbox\":[57.6,316.2,75.4,327.2],\"text\":\"U.S.\"},{\"bbox\":[57.6,327.6,88.7,338.7],\"text\":\"Foreign\"}],\"order\":19,\"text\":\"U.S.\\nForeign\"},{\"bbox\":[332.0,316.2,362.1,350.9],\"lines\":[{\"bbox\":[332.1,316.2,362.1,327.2],\"text\":\"$ 319.3\"},{\"bbox\":[339.5,327.6,362.1,338.7],\"text\":\"287.1\"},{\"bbox\":[332.0,339.9,362.1,350.9],\"text\":\"$ 606.4\"}],\"order\":20,\"text\":\"$ 319.3\\n287.1\\n$ 606.4\"},{\"bbox\":[411.4,316.2,441.5,350.9],\"lines\":[{\"bbox\":[411.4,316.2,441.5,327.2],\"text\":\"$ 309.2\"},{\"bbox\":[418.9,327.6,441.5,338.7],\"text\":\"227.4\"},{\"bbox\":[411.4,339.9,441.5,350.9],\"text\":\"$ 536.6\"}],\"order\":21,\"text\":\"$ 309.2\\n227.4\\n$ 536.6\"},{\"bbox\":[492.4,316.2,522.5,350.9],\"lines\":[{\"bbox\":[492.4,316.2,522.5,327.2],\"text\":\"$ 226.5\"},{\"bbox\":[499.9,327.6,522.4,338.7],\"text\":\"216.4\"},{\"bbox\":[492.4,339.9,522.4,350.9],\"text\":\"$ 442.9\"}],\"order\":22,\"text\":\"$ 226.5\\n216.4\\n$ 442.9\"},{\"bbox\":[57.6,245.4,156.2,257.6],\"lines\":[{\"bbox\":[57.6,245.4,156.2,257.6],\"text\":\"13. Taxes on Income\"}],\"order\":23,\"text\":\"13. Taxes on Income\"},{\"bbox\":[57.6,269.4,247.9,280.5],\"lines\":[{\"bbox\":[57.6,269.4,247.9,280.5],\"text\":\"The amount of earnings before income taxes is:\"}],\"order\":24,\"text\":\"The amount of earnings before income taxes is:\"},{\"bbox\":[57.6,365.1,220.9,376.2],\"lines\":[{\"bbox\":[57.6,365.1,220.9,376.2],\"text\":\"The provision for income tax expense is:\"}],\"order\":25,\"text\":\"The provision for income tax expense is:\"},{\"bbox\":[57.2,388.2,159.1,471.6],\"lines\":[{\"bbox\":[57.6,388.2,114.3,399.2],\"text\":\"($ in millions)\"},{\"bbox\":[57.2,402.7,92.2,413.8],\"text\":\"Current\"},{\"bbox\":[66.2,414.0,84.1,425.1],\"text\":\"U.S.\"},{\"bbox\":[66.2,425.5,125.2,436.6],\"text\":\"State and local\"},{\"bbox\":[66.2,437.0,97.4,448.1],\"text\":\"Foreign\"},{\"bbox\":[66.2,448.5,159.1,459.6],\"text\":\"Uncertain tax positions\"},{\"bbox\":[75.2,460.5,127.3,471.6],\"text\":\"Total current\"}],\"order\":26,\"text\":\"($ in millions)\\nCurrent\\nU.S.\\nState and local\\nForeign\\nUncertain tax positions\\nTotal current\"},{\"bbox\":[336.6,388.2,355.1,399.2],\"lines\":[{\"bbox\":[336.6,388.2,355.1,399.2],\"text\":\"2010\"}],\"order\":27,\"text\":\"2010\"},{\"bbox\":[415.7,388.2,434.2,399.2],\"lines\":[{\"bbox\":[415.7,388.2,434.2,399.2],\"text\":\"2009\"}],\"order\":28,\"text\":\"2009\"},{\"bbox\":[495.4,388.2,513.9,399.2],\"lines\":[{\"bbox\":[495.4,388.2,513.9,399.2],\"text\":\"2008\"}],\"order\":29,\"text\":\"2008\"},{\"bbox\":[332.1,414.0,362.2,471.6],\"lines\":[{\"bbox\":[332.1,414.0,362.1,425.1],\"text\":\"$ 48.6\"},{\"bbox\":[344.6,425.5,362.1,436.6],\"text\":\"12.5\"},{\"bbox\":[344.6,437.0,362.1,448.1],\"text\":\"78.6\"},{\"bbox\":[344.6,448.5,362.2,459.6],\"text\":\"15.5\"},{\"bbox\":[339.6,460.5,362.1,471.6],\"text\":\"155.2\"}],\"order\":30,\"text\":\"$ 48.6\\n12.5\\n78.6\\n15.5\\n155.2\"},{\"bbox\":[413.0,414.0,446.4,471.6],\"lines\":[{\"bbox\":[413.0,414.0,443.1,425.1],\"text\":\"$ 78.9\"},{\"bbox\":[425.6,425.5,443.1,436.6],\"text\":\"16.4\"},{\"bbox\":[425.6,437.0,443.1,448.1],\"text\":\"86.7\"},{\"bbox\":[427.3,448.5,446.4,459.6],\"text\":\"(2.6)\"},{\"bbox\":[420.6,460.5,443.1,471.6],\"text\":\"179.4\"}],\"order\":31,\"text\":\"$ 78.9\\n16.4\\n86.7\\n(2.6)\\n179.4\"},{\"bbox\":[494.0,414.0,524.1,471.6],\"lines\":[{\"bbox\":[494.0,414.0,524.0,425.1],\"text\":\"$ 47.4\"},{\"bbox\":[506.5,425.5,524.0,436.6],\"text\":\"12.1\"},{\"bbox\":[506.5,437.0,524.1,448.1],\"text\":\"58.3\"},{\"bbox\":[511.5,448.5,524.0,459.6],\"text\":\"8.7\"},{\"bbox\":[501.5,460.5,524.0,471.6],\"text\":\"126.5\"}],\"order\":32,\"text\":\"$ 47.4\\n12.1\\n58.3\\n8.7\\n126.5\"},{\"bbox\":[57.2,480.1,145.1,537.8],\"lines\":[{\"bbox\":[57.2,480.1,95.5,491.2],\"text\":\"Deferred\"},{\"bbox\":[66.2,491.5,84.0,502.6],\"text\":\"U.S.\"},{\"bbox\":[66.2,503.0,125.1,514.1],\"text\":\"State and local\"},{\"bbox\":[66.2,514.5,97.4,525.5],\"text\":\"Foreign\"},{\"bbox\":[75.2,526.7,145.1,537.8],\"text\":\"Total deferred (a)\"}],\"order\":33,\"text\":\"Deferred\\nU.S.\\nState and local\\nForeign\\nTotal deferred (a)\"},{\"bbox\":[344.6,491.5,362.1,537.8],\"lines\":[{\"bbox\":[344.6,491.5,362.1,502.6],\"text\":\"18.2\"},{\"bbox\":[349.5,503.0,362.0,514.1],\"text\":\"2.3\"},{\"bbox\":[349.6,514.5,362.1,525.5],\"text\":\"0.1\"},{\"bbox\":[344.6,526.7,362.1,537.8],\"text\":\"20.6\"}],\"order\":34,\"text\":\"18.2\\n2.3\\n0.1\\n20.6\"},{\"bbox\":[422.2,491.5,446.4,537.8],\"lines\":[{\"bbox\":[430.6,491.5,443.1,502.6],\"text\":\"5.6\"},{\"bbox\":[427.2,503.0,446.4,514.1],\"text\":\"(0.1)\"},{\"bbox\":[422.2,514.5,446.4,525.5],\"text\":\"(25.1)\"},{\"bbox\":[422.2,526.7,446.4,537.8],\"text\":\"(19.6)\"}],\"order\":35,\"text\":\"5.6\\n(0.1)\\n(25.1)\\n(19.6)\"},{\"bbox\":[503.2,491.5,527.4,537.8],\"lines\":[{\"bbox\":[506.5,491.5,524.1,502.6],\"text\":\"27.8\"},{\"bbox\":[511.4,503.0,523.9,514.1],\"text\":\"3.0\"},{\"bbox\":[503.2,514.5,527.4,525.5],\"text\":\"(15.2)\"},{\"bbox\":[506.5,526.7,524.1,537.8],\"text\":\"15.6\"}],\"order\":36,\"text\":\"27.8\\n3.0\\n(15.2)\\n15.6\"},{\"bbox\":[66.6,551.1,125.8,562.2],\"lines\":[{\"bbox\":[66.6,551.1,125.8,562.2],\"text\":\"Tax provision\"}],\"order\":37,\"text\":\"Tax provision\"},{\"bbox\":[332.0,551.0,362.1,562.1],\"lines\":[{\"bbox\":[332.0,551.0,362.1,562.1],\"text\":\"$ 175.8\"}],\"order\":38,\"text\":\"$ 175.8\"},{\"bbox\":[413.0,551.0,443.1,562.1],\"lines\":[{\"bbox\":[413.0,551.0,443.1,562.1],\"text\":\"$ 159.8\"}],\"order\":39,\"text\":\"$ 159.8\"},{\"bbox\":[494.0,551.0,524.0,562.1],\"lines\":[{\"bbox\":[494.0,551.0,524.0,562.1],\"text\":\"$ 142.1\"}],\"order\":40,\"text\":\"$ 142.1\"},{\"bbox\":[57.6,589.9,551.8,610.2],\"lines\":[{\"bbox\":[57.6,589.9,551.8,599.8],\"text\":\"(a) Amounts do not include deferred tax benefits related to discontinued operations of $49.3 million and $4.7 million in 2010 and 2009,\"},{\"bbox\":[75.6,600.3,426.1,610.2],\"text\":\"respectively, and deferred tax expense related to discontinued operations of $4.0 million in 2008.\"}],\"order\":41,\"text\":\"(a) Amounts do not include deferred tax benefits related to discontinued operations of $49.3 million and $4.7 million in 2010 and 2009,\\nrespectively, and deferred tax expense related to discontinued operations of $4.0 million in 2008.\"},{\"bbox\":[286.4,747.0,334.7,755.8],\"lines\":[{\"bbox\":[286.4,747.0,334.7,755.8],\"text\":\"Page 56 of 100\"}],\"order\":42,\"text\":\"Page 56 of 100\"}],\"doc\":\"fintabnet:BLL_2010\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Ball Corporation and Subsidiaries\\nNotes to Consolidated Financial Statements\\n\\n12. Debt and Interest Costs (continued)\\n\\nA summary of total interest cost paid and accrued follows:\\n\\n($ in millions)\\n\\n2010\\n\\n2009\\n\\n2008\\n\\nInterest costs\\nAmounts capitalized\\nInterest expense\\n\\n$ 161.1\\n(2.9)\\n$ 158.2\\n\\n$ 120.8\\n(3.6)\\n$ 117.2\\n\\n$ 144.9\\n(7.2)\\n$ 137.7\\n\\nInterest paid during the year\\n\\n$ 137.2\\n\\n$ 103.1\\n\\n$ 132.4\\n\\n($ in millions)\\n\\n2010\\n\\n2009\\n\\n2008\\n\\nU.S.\\nForeign\\n\\n$ 319.3\\n287.1\\n$ 606.4\\n\\n$ 309.2\\n227.4\\n$ 536.6\\n\\n$ 226.5\\n216.4\\n$ 442.9\\n\\n13. Taxes on Income\\n\\nThe amount of earnings before income taxes is:\\n\\nThe provision for income tax expense is:\\n\\n($ in millions)\\nCurrent\\nU.S.\\nState and local\\nForeign\\nUncertain tax positions\\nTotal current\\n\\n2010\\n\\n2009\\n\\n2008\\n\\n$ 48.6\\n12.5\\n78.6\\n15.5\\n155.2\\n\\n$ 78.9\\n16.4\\n86.7\\n(2.6)\\n179.4\\n\\n$ 47.4\\n12.1\\n58.3\\n8.7\\n126.5\\n\\nDeferred\\nU.S.\\nState and local\\nForeign\\nTotal deferred (a)\\n\\n18.2\\n2.3\\n0.1\\n20.6\\n\\n5.6\\n(0.1)\\n(25.1)\\n(19.6)\\n\\n27.8\\n3.0\\n(15.2)\\n15.6\\n\\nTax provision\\n\\n$ 175.8\\n\\n$ 159.8\\n\\n$ 142.1\\n\\n(a) Amounts do not include deferred tax benefits related to discontinued operations of $49.3 million and $4.7 million in 2010 and 2009,\\nrespectively, and deferred tax expense related to discontinued operations of $4.0 million in 2008.\\n\\nPage 56 of 100\",\"name\":\"fintabnet.BLL_2010_page_69__72dpi_none\",\"page_id\":\"fintabnet.BLL_2010_page_69\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"BLL_2010_page_69\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[57.6,134.6,526.4,218.4],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14],\"cells\":null}],\"text\":\"Ball Corporation and Subsidiaries\\nNotes to Consolidated Financial Statements\\n\\n12. Debt and Interest Costs (continued)\\n\\nA summary of total interest cost paid and accrued follows:\\n\\n($ in millions)\\n\\n2010\\n\\n2009\\n\\n2008\\n\\nInterest costs\\nAmounts capitalized\\nInterest expense\\n\\n$ 161.1\\n(2.9)\\n$ 158.2\\n\\n$ 120.8\\n(3.6)\\n$ 117.2\\n\\n$ 144.9\\n(7.2)\\n$ 137.7\\n\\nInterest paid during the year\\n\\n$ 137.2\\n\\n$ 103.1\\n\\n$ 132.4\\n\\n($ in millions)\\n\\n2010\\n\\n2009\\n\\n2008\\n\\nU.S.\\nForeign\\n\\n$ 319.3\\n287.1\\n$ 606.4\\n\\n$ 309.2\\n227.4\\n$ 536.6\\n\\n$ 226.5\\n216.4\\n$ 442.9\\n\\n13. Taxes on Income\\n\\nThe amount of earnings before income taxes is:\\n\\nThe provision for income tax expense is:\\n\\n($ in millions)\\nCurrent\\nU.S.\\nState and local\\nForeign\\nUncertain tax positions\\nTotal current\\n\\n2010\\n\\n2009\\n\\n2008\\n\\n$ 48.6\\n12.5\\n78.6\\n15.5\\n155.2\\n\\n$ 78.9\\n16.4\\n86.7\\n(2.6)\\n179.4\\n\\n$ 47.4\\n12.1\\n58.3\\n8.7\\n126.5\\n\\nDeferred\\nU.S.\\nState and local\\nForeign\\nTotal deferred (a)\\n\\n18.2\\n2.3\\n0.1\\n20.6\\n\\n5.6\\n(0.1)\\n(25.1)\\n(19.6)\\n\\n27.8\\n3.0\\n(15.2)\\n15.6\\n\\nTax provision\\n\\n$ 175.8\\n\\n$ 159.8\\n\\n$ 142.1\\n\\n(a) Amounts do not include deferred tax benefits related to discontinued operations of $49.3 million and $4.7 million in 2010 and 2009,\\nrespectively, and deferred tax expense related to discontinued operations of $4.0 million in 2008.\\n\\nPage 56 of 100\"},\"name\":\"fintabnet.BLL_2010_page_69__72dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":24176,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:BLL_2010\",\"dpi\":72,\"gt_sha256\":\"b089edad5e190d7c31030b780d6e63c9e37ce0d80564efbbff6d35b935b65f76\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.BLL_2010_page_69__72dpi_none\",\"page\":1,\"page_id\":\"fintabnet.BLL_2010_page_69\",\"pdf_sha256\":\"faa0d2fa65fe6d97aa9149cad4889d7255fb3c0eff7bffaf9f70450e1bb35013\",\"px\":[612,792],\"scan\":{\"render\":\"00007e007e1470fc30fc7c0060fc38d4605470fc305420f43fe0000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"BLL_2010_page_69\",\"src\":{\"file_sha256\":\"598217bb41799d99142f1a39959d7a4ccbd0b8f4081a45d89cf2555cb6af7e45\",\"render\":\"00007e003ed470fc30fc7c0060fc78fc605470fc30fc20fc3fe0000000000000\",\"text\":\"d345c6d1a0c47b9729ea82fbcc1ec589de69834b1ca0eedf5904cca51fb24a89\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"faa0d2fa65fe6d97aa9149cad4889d7255fb3c0eff7bffaf9f70450e1bb35013\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/faa0d2fa65fe6d97aa9149cad4889d7255fb3c0eff7bffaf9f70450e1bb35013.pdf","asset_sha256":"faa0d2fa65fe6d97aa9149cad4889d7255fb3c0eff7bffaf9f70450e1bb35013","document_id":"fintabnet:BLL_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"BLL_2010_page_69\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CAG_2007_page_75\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:CAG_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[298.1,160.4,977.0,179.2],\"lines\":[{\"bbox\":[298.1,160.4,977.0,179.2],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"}],\"order\":0,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"},{\"bbox\":[345.4,197.9,929.5,216.7],\"lines\":[{\"bbox\":[345.4,197.9,929.5,216.7],\"text\":\"Fiscal years ended May 27, 2007, May 28, 2006, and May 29, 2005\"}],\"order\":1,\"text\":\"Fiscal years ended May 27, 2007, May 28, 2006, and May 29, 2005\"},{\"bbox\":[374.9,235.4,900.1,254.2],\"lines\":[{\"bbox\":[374.9,235.4,900.1,254.2],\"text\":\"Columnar Amounts in Millions Except Per Share Amounts\"}],\"order\":2,\"text\":\"Columnar Amounts in Millions Except Per Share Amounts\"},{\"bbox\":[204.2,285.4,825.5,304.5],\"lines\":[{\"bbox\":[204.2,285.4,825.5,304.5],\"text\":\"Non-amortizing intangible assets are comprised of the following balances:\"}],\"order\":3,\"text\":\"Non-amortizing intangible assets are comprised of the following balances:\"},{\"bbox\":[937.0,330.0,970.3,345.1],\"lines\":[{\"bbox\":[937.0,330.0,970.3,345.1],\"text\":\"2007\"}],\"order\":4,\"text\":\"2007\"},{\"bbox\":[1025.5,330.0,1058.9,345.1],\"lines\":[{\"bbox\":[1025.5,330.0,1058.9,345.1],\"text\":\"2006\"}],\"order\":5,\"text\":\"2006\"},{\"bbox\":[204.2,360.4,893.8,429.5],\"lines\":[{\"bbox\":[204.2,360.4,893.8,379.5],\"text\":\"Brands/Trademarks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[204.2,385.4,893.8,404.5],\"text\":\"Pension Intangible Asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[204.2,410.4,893.8,429.5],\"text\":\"Miscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Brands/Trademarks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPension Intangible Asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMiscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[925.0,360.4,982.3,429.5],\"lines\":[{\"bbox\":[925.0,360.4,982.3,379.5],\"text\":\"$752.6\"},{\"bbox\":[951.0,385.4,971.9,404.5],\"text\":\"—\"},{\"bbox\":[951.0,410.4,971.9,429.5],\"text\":\"—\"}],\"order\":7,\"text\":\"$752.6\\n—\\n—\"},{\"bbox\":[1013.5,360.4,1070.8,429.5],\"lines\":[{\"bbox\":[1013.5,360.4,1070.8,379.5],\"text\":\"$752.6\"},{\"bbox\":[1034.4,385.4,1070.8,404.5],\"text\":\"19.1\"},{\"bbox\":[1044.8,410.4,1070.8,429.5],\"text\":\"1.4\"}],\"order\":8,\"text\":\"$752.6\\n19.1\\n1.4\"},{\"bbox\":[245.8,443.7,893.8,462.8],\"lines\":[{\"bbox\":[245.8,443.7,893.8,462.8],\"text\":\"Total non-amortizing intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"Total non-amortizing intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[925.0,443.7,982.3,462.8],\"lines\":[{\"bbox\":[925.0,443.7,982.3,462.8],\"text\":\"$752.6\"}],\"order\":10,\"text\":\"$752.6\"},{\"bbox\":[1013.5,443.7,1070.8,462.8],\"lines\":[{\"bbox\":[1013.5,443.7,1070.8,462.8],\"text\":\"$773.1\"}],\"order\":11,\"text\":\"$773.1\"},{\"bbox\":[162.5,506.2,1112.5,625.3],\"lines\":[{\"bbox\":[204.2,506.2,1112.2,525.3],\"text\":\"Amortizing intangible assets, carrying a weighted average life of approximately 16 years, are principally\"},{\"bbox\":[162.5,531.2,1112.5,550.3],\"text\":\"composed of licensing arrangements and customer lists. For fiscal years 2007, 2006, and 2005, the Company\"},{\"bbox\":[162.5,556.2,1112.5,575.3],\"text\":\"recognized $2.3 million, $2.5 million, and $2.1 million, respectively, of amortization expense. Based on\"},{\"bbox\":[162.5,581.2,1112.4,600.3],\"text\":\"amortizing assets recognized in the Company’s balance sheet as of May 27, 2007, amortization expense is\"},{\"bbox\":[162.5,606.2,781.7,625.3],\"text\":\"estimated to be approximately $2.3 million for each of the next five years.\"}],\"order\":12,\"text\":\"Amortizing intangible assets, carrying a weighted average life of approximately 16 years, are principally\\ncomposed of licensing arrangements and customer lists. For fiscal years 2007, 2006, and 2005, the Company\\nrecognized $2.3 million, $2.5 million, and $2.1 million, respectively, of amortization expense. Based on\\namortizing assets recognized in the Company’s balance sheet as of May 27, 2007, amortization expense is\\nestimated to be approximately $2.3 million for each of the next five years.\"},{\"bbox\":[162.5,656.2,1112.4,700.3],\"lines\":[{\"bbox\":[204.2,656.2,1112.4,675.3],\"text\":\"The Company adopted SFAS No. 158 as of the end of fiscal 2007. Accordingly, the pension intangible asset\"},{\"bbox\":[162.5,681.2,1096.7,700.3],\"text\":\"was eliminated as of the end of fiscal 2007 by the adoption of this standard. See note 17 for further information.\"}],\"order\":13,\"text\":\"The Company adopted SFAS No. 158 as of the end of fiscal 2007. Accordingly, the pension intangible asset\\nwas eliminated as of the end of fiscal 2007 by the adoption of this standard. See note 17 for further information.\"},{\"bbox\":[162.5,743.7,416.9,762.6],\"lines\":[{\"bbox\":[162.5,743.7,416.9,762.6],\"text\":\"4. EARNINGS PER SHARE\"}],\"order\":14,\"text\":\"4. EARNINGS PER SHARE\"},{\"bbox\":[162.5,781.2,1112.4,850.3],\"lines\":[{\"bbox\":[204.2,781.2,1112.4,800.3],\"text\":\"Basic earnings per share is calculated on the basis of weighted average outstanding common shares. Diluted\"},{\"bbox\":[162.5,806.2,1112.4,825.3],\"text\":\"earnings per share is computed on the basis of basic weighted average outstanding common shares adjusted for\"},{\"bbox\":[162.5,831.2,891.8,850.3],\"text\":\"the dilutive effect of stock options, restricted stock awards and other dilutive securities.\"}],\"order\":15,\"text\":\"Basic earnings per share is calculated on the basis of weighted average outstanding common shares. Diluted\\nearnings per share is computed on the basis of basic weighted average outstanding common shares adjusted for\\nthe dilutive effect of stock options, restricted stock awards and other dilutive securities.\"},{\"bbox\":[162.5,881.2,1112.5,925.3],\"lines\":[{\"bbox\":[204.2,881.2,1112.5,900.3],\"text\":\"The following table reconciles the income and average share amounts used to compute both basic and\"},{\"bbox\":[162.5,906.2,383.3,925.3],\"text\":\"diluted earnings per share:\"}],\"order\":16,\"text\":\"The following table reconciles the income and average share amounts used to compute both basic and\\ndiluted earnings per share:\"},{\"bbox\":[910.9,950.8,944.3,965.9],\"lines\":[{\"bbox\":[910.9,950.8,944.3,965.9],\"text\":\"2007\"}],\"order\":17,\"text\":\"2007\"},{\"bbox\":[989.1,950.8,1022.4,965.9],\"lines\":[{\"bbox\":[989.1,950.8,1022.4,965.9],\"text\":\"2006\"}],\"order\":18,\"text\":\"2006\"},{\"bbox\":[1067.2,950.8,1100.5,965.9],\"lines\":[{\"bbox\":[1067.2,950.8,1100.5,965.9],\"text\":\"2005\"}],\"order\":19,\"text\":\"2005\"},{\"bbox\":[162.5,981.2,1112.5,1050.3],\"lines\":[{\"bbox\":[162.5,981.2,271.9,1000.1],\"text\":\"Net Income:\"},{\"bbox\":[162.5,1006.2,1112.5,1025.3],\"text\":\"Income from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $683.8 $589.3 $558.7\"},{\"bbox\":[162.5,1031.2,878.1,1050.3],\"text\":\"Income (loss) from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[919.8,1031.2,956.3,1050.3],\"text\":\"80.8\"},{\"bbox\":[990.9,1031.2,1041.3,1050.3],\"text\":\"(55.5)\"},{\"bbox\":[1076.0,1031.2,1112.5,1050.3],\"text\":\"82.8\"}],\"order\":20,\"text\":\"Net Income:\\nIncome from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $683.8 $589.3 $558.7\\nIncome (loss) from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n80.8\\n(55.5)\\n82.8\"},{\"bbox\":[162.5,1064.6,878.1,1083.7],\"lines\":[{\"bbox\":[162.5,1064.6,878.1,1083.7],\"text\":\"Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":21,\"text\":\"Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[162.5,1102.1,878.1,1196.2],\"lines\":[{\"bbox\":[162.5,1102.1,516.2,1120.9],\"text\":\"Weighted Average Shares Outstanding:\"},{\"bbox\":[162.5,1127.1,878.1,1146.2],\"text\":\"Basic weighted average shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[162.5,1152.1,828.4,1171.2],\"text\":\"Add: Dilutive effect of stock options, restricted stock awards, and other dilutive\"},{\"bbox\":[183.3,1177.1,878.1,1196.2],\"text\":\"securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":22,\"text\":\"Weighted Average Shares Outstanding:\\nBasic weighted average shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdd: Dilutive effect of stock options, restricted stock awards, and other dilutive\\nsecurities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[162.5,1210.4,878.1,1229.5],\"lines\":[{\"bbox\":[162.5,1210.4,878.1,1229.5],\"text\":\"Diluted weighted average shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":23,\"text\":\"Diluted weighted average shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[899.0,1064.6,956.3,1083.7],\"lines\":[{\"bbox\":[899.0,1064.6,956.3,1083.7],\"text\":\"$764.6\"}],\"order\":24,\"text\":\"$764.6\"},{\"bbox\":[977.1,1064.6,1034.4,1083.7],\"lines\":[{\"bbox\":[977.1,1064.6,1034.4,1083.7],\"text\":\"$533.8\"}],\"order\":25,\"text\":\"$533.8\"},{\"bbox\":[1055.2,1064.6,1112.5,1083.7],\"lines\":[{\"bbox\":[1055.2,1064.6,1112.5,1083.7],\"text\":\"$641.5\"}],\"order\":26,\"text\":\"$641.5\"},{\"bbox\":[909.4,1127.1,956.3,1146.2],\"lines\":[{\"bbox\":[909.4,1127.1,956.3,1146.2],\"text\":\"504.2\"}],\"order\":27,\"text\":\"504.2\"},{\"bbox\":[987.5,1127.1,1034.4,1146.2],\"lines\":[{\"bbox\":[987.5,1127.1,1034.4,1146.2],\"text\":\"518.1\"}],\"order\":28,\"text\":\"518.1\"},{\"bbox\":[1065.6,1127.1,1112.5,1146.2],\"lines\":[{\"bbox\":[1065.6,1127.1,1112.5,1146.2],\"text\":\"516.2\"}],\"order\":29,\"text\":\"516.2\"},{\"bbox\":[930.2,1177.1,956.3,1196.2],\"lines\":[{\"bbox\":[930.2,1177.1,956.3,1196.2],\"text\":\"2.9\"}],\"order\":30,\"text\":\"2.9\"},{\"bbox\":[1008.3,1177.1,1034.4,1196.2],\"lines\":[{\"bbox\":[1008.3,1177.1,1034.4,1196.2],\"text\":\"2.1\"}],\"order\":31,\"text\":\"2.1\"},{\"bbox\":[1086.5,1177.1,1112.5,1196.2],\"lines\":[{\"bbox\":[1086.5,1177.1,1112.5,1196.2],\"text\":\"4.0\"}],\"order\":32,\"text\":\"4.0\"},{\"bbox\":[909.4,1210.4,956.3,1229.5],\"lines\":[{\"bbox\":[909.4,1210.4,956.3,1229.5],\"text\":\"507.1\"}],\"order\":33,\"text\":\"507.1\"},{\"bbox\":[987.5,1210.4,1034.4,1229.5],\"lines\":[{\"bbox\":[987.5,1210.4,1034.4,1229.5],\"text\":\"520.2\"}],\"order\":34,\"text\":\"520.2\"},{\"bbox\":[1065.6,1210.4,1112.5,1229.5],\"lines\":[{\"bbox\":[1065.6,1210.4,1112.5,1229.5],\"text\":\"520.2\"}],\"order\":35,\"text\":\"520.2\"},{\"bbox\":[162.5,1272.9,1112.5,1367.0],\"lines\":[{\"bbox\":[204.2,1272.9,1112.4,1292.0],\"text\":\"At the end of fiscal years 2007, 2006, and 2005, there were 14.9 million, 20.9 million, and 6.9 million stock\"},{\"bbox\":[162.5,1297.9,1112.5,1317.0],\"text\":\"options outstanding, respectively, that were excluded from the computation of shares contingently issuable upon\"},{\"bbox\":[162.5,1322.9,1112.4,1342.0],\"text\":\"exercise of the stock options because exercise prices exceeded the annual average market value of the\"},{\"bbox\":[162.5,1347.9,391.3,1367.0],\"text\":\"Company’s common stock.\"}],\"order\":36,\"text\":\"At the end of fiscal years 2007, 2006, and 2005, there were 14.9 million, 20.9 million, and 6.9 million stock\\noptions outstanding, respectively, that were excluded from the computation of shares contingently issuable upon\\nexercise of the stock options because exercise prices exceeded the annual average market value of the\\nCompany’s common stock.\"},{\"bbox\":[627.1,1485.4,647.9,1504.5],\"lines\":[{\"bbox\":[627.1,1485.4,647.9,1504.5],\"text\":\"60\"}],\"order\":37,\"text\":\"60\"}],\"doc\":\"fintabnet:CAG_2007\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nFiscal years ended May 27, 2007, May 28, 2006, and May 29, 2005\\n\\nColumnar Amounts in Millions Except Per Share Amounts\\n\\nNon-amortizing intangible assets are comprised of the following balances:\\n\\n2007\\n\\n2006\\n\\nBrands/Trademarks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPension Intangible Asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMiscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$752.6\\n—\\n—\\n\\n$752.6\\n19.1\\n1.4\\n\\nTotal non-amortizing intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$752.6\\n\\n$773.1\\n\\nAmortizing intangible assets, carrying a weighted average life of approximately 16 years, are principally\\ncomposed of licensing arrangements and customer lists. For fiscal years 2007, 2006, and 2005, the Company\\nrecognized $2.3 million, $2.5 million, and $2.1 million, respectively, of amortization expense. Based on\\namortizing assets recognized in the Company’s balance sheet as of May 27, 2007, amortization expense is\\nestimated to be approximately $2.3 million for each of the next five years.\\n\\nThe Company adopted SFAS No. 158 as of the end of fiscal 2007. Accordingly, the pension intangible asset\\nwas eliminated as of the end of fiscal 2007 by the adoption of this standard. See note 17 for further information.\\n\\n4. EARNINGS PER SHARE\\n\\nBasic earnings per share is calculated on the basis of weighted average outstanding common shares. Diluted\\nearnings per share is computed on the basis of basic weighted average outstanding common shares adjusted for\\nthe dilutive effect of stock options, restricted stock awards and other dilutive securities.\\n\\nThe following table reconciles the income and average share amounts used to compute both basic and\\ndiluted earnings per share:\\n\\n2007\\n\\n2006\\n\\n2005\\n\\nNet Income:\\nIncome from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $683.8 $589.3 $558.7\\nIncome (loss) from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n80.8\\n(55.5)\\n82.8\\n\\nNet income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nWeighted Average Shares Outstanding:\\nBasic weighted average shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdd: Dilutive effect of stock options, restricted stock awards, and other dilutive\\nsecurities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nDiluted weighted average shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$764.6\\n\\n$533.8\\n\\n$641.5\\n\\n504.2\\n\\n518.1\\n\\n516.2\\n\\n2.9\\n\\n2.1\\n\\n4.0\\n\\n507.1\\n\\n520.2\\n\\n520.2\\n\\nAt the end of fiscal years 2007, 2006, and 2005, there were 14.9 million, 20.9 million, and 6.9 million stock\\noptions outstanding, respectively, that were excluded from the computation of shares contingently issuable upon\\nexercise of the stock options because exercise prices exceeded the annual average market value of the\\nCompany’s common stock.\\n\\n60\",\"name\":\"fintabnet.CAG_2007_page_75__150dpi_mild\",\"page_id\":\"fintabnet.CAG_2007_page_75\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"CAG_2007_page_75\",\"stack\":[{\"amp\":0.062,\"angle\":68.0,\"blob\":0.665,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":2.32},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[204.2,326.1,1070.8,462.8],\"block_orders\":[4,5,6,7,8,9,10,11],\"cells\":null},{\"bbox\":[162.5,947.0,1112.5,1229.5],\"block_orders\":[17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35],\"cells\":null}],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nFiscal years ended May 27, 2007, May 28, 2006, and May 29, 2005\\n\\nColumnar Amounts in Millions Except Per Share Amounts\\n\\nNon-amortizing intangible assets are comprised of the following balances:\\n\\n2007\\n\\n2006\\n\\nBrands/Trademarks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPension Intangible Asset . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMiscellaneous . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$752.6\\n—\\n—\\n\\n$752.6\\n19.1\\n1.4\\n\\nTotal non-amortizing intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$752.6\\n\\n$773.1\\n\\nAmortizing intangible assets, carrying a weighted average life of approximately 16 years, are principally\\ncomposed of licensing arrangements and customer lists. For fiscal years 2007, 2006, and 2005, the Company\\nrecognized $2.3 million, $2.5 million, and $2.1 million, respectively, of amortization expense. Based on\\namortizing assets recognized in the Company’s balance sheet as of May 27, 2007, amortization expense is\\nestimated to be approximately $2.3 million for each of the next five years.\\n\\nThe Company adopted SFAS No. 158 as of the end of fiscal 2007. Accordingly, the pension intangible asset\\nwas eliminated as of the end of fiscal 2007 by the adoption of this standard. See note 17 for further information.\\n\\n4. EARNINGS PER SHARE\\n\\nBasic earnings per share is calculated on the basis of weighted average outstanding common shares. Diluted\\nearnings per share is computed on the basis of basic weighted average outstanding common shares adjusted for\\nthe dilutive effect of stock options, restricted stock awards and other dilutive securities.\\n\\nThe following table reconciles the income and average share amounts used to compute both basic and\\ndiluted earnings per share:\\n\\n2007\\n\\n2006\\n\\n2005\\n\\nNet Income:\\nIncome from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $683.8 $589.3 $558.7\\nIncome (loss) from discontinued operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n80.8\\n(55.5)\\n82.8\\n\\nNet income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nWeighted Average Shares Outstanding:\\nBasic weighted average shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdd: Dilutive effect of stock options, restricted stock awards, and other dilutive\\nsecurities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nDiluted weighted average shares outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$764.6\\n\\n$533.8\\n\\n$641.5\\n\\n504.2\\n\\n518.1\\n\\n516.2\\n\\n2.9\\n\\n2.1\\n\\n4.0\\n\\n507.1\\n\\n520.2\\n\\n520.2\\n\\nAt the end of fiscal years 2007, 2006, and 2005, there were 14.9 million, 20.9 million, and 6.9 million stock\\noptions outstanding, respectively, that were excluded from the computation of shares contingently issuable upon\\nexercise of the stock options because exercise prices exceeded the annual average market value of the\\nCompany’s common stock.\\n\\n60\"},\"name\":\"fintabnet.CAG_2007_page_75__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":1148542,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:CAG_2007\",\"dpi\":150,\"gt_sha256\":\"eb9c7b5f2a42fdf3732928e10166210c537e320085742a11e4aa691a2f8a05cc\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.CAG_2007_page_75__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.CAG_2007_page_75\",\"pdf_sha256\":\"b5536d985413a75e5c713bec964c4e6530468e0a5d3013a664b730b9fecb6e6a\",\"px\":[1275,1650],\"scan\":{\"render\":\"00000ff00fe018041e003ffc3ffc3ffc3fe0301c3e1c3fdc3ffc200000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"CAG_2007_page_75\",\"src\":{\"file_sha256\":\"def552a7ea00af83a2ad3f781108d4f315e62043a1fb5bb275a0f656e9c5362d\",\"render\":\"00000ff00fe0181c1e1c3ffc3ffc3ffc3fe0301c3e1c3e5c3ffc000000000000\",\"text\":\"99043472f454fa37cae25f892dc7beacc38dd4d4dfb3ede1c3a2e7c339109921\"},\"stack\":[{\"amp\":0.062,\"angle\":68.0,\"blob\":0.665,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":2.32},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b5536d985413a75e5c713bec964c4e6530468e0a5d3013a664b730b9fecb6e6a\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b5536d985413a75e5c713bec964c4e6530468e0a5d3013a664b730b9fecb6e6a.pdf","asset_sha256":"b5536d985413a75e5c713bec964c4e6530468e0a5d3013a664b730b9fecb6e6a","document_id":"fintabnet:CAG_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CAG_2007_page_75\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1414.7,1055.6,1456.4,1114.4],\"lines\":[{\"bbox\":[1414.7,1055.6,1456.4,1081.0],\"text\":\"151\"},{\"bbox\":[1414.7,1088.9,1456.4,1114.4],\"text\":\"151\"}],\"order\":16,\"text\":\"151\\n151\"},{\"bbox\":[1414.7,1155.6,1456.4,1247.7],\"lines\":[{\"bbox\":[1414.7,1155.6,1456.4,1181.0],\"text\":\"151\"},{\"bbox\":[1414.7,1188.9,1456.4,1214.4],\"text\":\"152\"},{\"bbox\":[1414.7,1222.2,1456.4,1247.7],\"text\":\"152\"}],\"order\":17,\"text\":\"151\\n152\\n152\"},{\"bbox\":[766.9,1272.2,874.0,1297.7],\"lines\":[{\"bbox\":[766.9,1272.2,874.0,1297.7],\"text\":\"PART IV\"}],\"order\":18,\"text\":\"PART IV\"},{\"bbox\":[191.7,1322.2,1384.9,1447.7],\"lines\":[{\"bbox\":[191.7,1322.2,284.4,1347.7],\"text\":\"Item 15.\"},{\"bbox\":[335.0,1322.2,1384.9,1347.7],\"text\":\"Exhibits and Financial Statement Schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[191.7,1355.6,1384.9,1381.0],\"text\":\"Schedule II—Valuation and Qualifying Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[191.7,1388.9,1384.9,1414.4],\"text\":\"Schedule III—Real Estate Investments and Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[191.7,1422.2,1384.9,1447.7],\"text\":\"SIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":19,\"text\":\"Item 15.\\nExhibits and Financial Statement Schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSchedule II—Valuation and Qualifying Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSchedule III—Real Estate Investments and Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[818.1,1955.6,831.9,1981.0],\"lines\":[{\"bbox\":[818.1,1955.6,831.9,1981.0],\"text\":\"2\"}],\"order\":20,\"text\":\"2\"},{\"bbox\":[1414.7,1322.2,1456.4,1447.7],\"lines\":[{\"bbox\":[1414.7,1322.2,1456.4,1347.7],\"text\":\"152\"},{\"bbox\":[1414.7,1355.6,1456.4,1381.0],\"text\":\"153\"},{\"bbox\":[1414.7,1388.9,1456.4,1414.4],\"text\":\"154\"},{\"bbox\":[1414.7,1422.2,1456.4,1447.7],\"text\":\"157\"}],\"order\":21,\"text\":\"152\\n153\\n154\\n157\"}],\"doc\":\"fintabnet:CBRE_2014\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"CBRE GROUP, INC.\\n\\nANNUAL REPORT ON FORM 10-K\\n\\nTABLE OF CONTENTS\\n\\nPage\\n\\nItem 1.\\nItem 1A.\\nItem 1B.\\nItem 2.\\nItem 3.\\nItem 4.\\n\\nPART I\\nBusiness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRisk Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnresolved Staff Comments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProperties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLegal Proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMine Safety Disclosures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n3\\n11\\n28\\n28\\n28\\n28\\n\\nPART II\\n\\nItem 5.\\n\\nItem 6.\\nItem 7.\\nItem 7A.\\nItem 8.\\nItem 9.\\nItem 9A.\\nItem 9B.\\n\\nMarket for the Registrant’s Common Equity, Related Stockholder Matters and Issuer\\nPurchases of Equity Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSelected Financial Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations . . .\\nQuantitative and Qualitative Disclosures About Market Risk . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFinancial Statements and Supplementary Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nChanges in and Disagreements With Accountants on Accounting and Financial Disclosure . . .\\nControls and Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n29\\n31\\n34\\n67\\n70\\n150\\n150\\n151\\n\\nPART III\\n\\nItem 10.\\nItem 11.\\nItem 12.\\n\\nItem 13.\\nItem 14.\\n\\nDirectors, Executive Officers and Corporate Governance . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExecutive Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecurity Ownership of Certain Beneficial Owners and Management and Related Stockholder\\nMatters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCertain Relationships and Related Transactions, and Director Independence . . . . . . . . . . . . . .\\nPrincipal Accountant Fees and Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n151\\n151\\n\\n151\\n152\\n152\\n\\nPART IV\\n\\nItem 15.\\nExhibits and Financial Statement Schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSchedule II—Valuation and Qualifying Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSchedule III—Real Estate Investments and Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2\\n\\n152\\n153\\n154\\n157\",\"name\":\"fintabnet.CBRE_2014_page_4__200dpi_none\",\"page_id\":\"fintabnet.CBRE_2014_page_4\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"CBRE_2014_page_4\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[191.7,343.2,1458.3,1447.7],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,21],\"cells\":null}],\"text\":\"CBRE GROUP, INC.\\n\\nANNUAL REPORT ON FORM 10-K\\n\\nTABLE OF CONTENTS\\n\\nPage\\n\\nItem 1.\\nItem 1A.\\nItem 1B.\\nItem 2.\\nItem 3.\\nItem 4.\\n\\nPART I\\nBusiness . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRisk Factors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnresolved Staff Comments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProperties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLegal Proceedings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMine Safety Disclosures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n3\\n11\\n28\\n28\\n28\\n28\\n\\nPART II\\n\\nItem 5.\\n\\nItem 6.\\nItem 7.\\nItem 7A.\\nItem 8.\\nItem 9.\\nItem 9A.\\nItem 9B.\\n\\nMarket for the Registrant’s Common Equity, Related Stockholder Matters and Issuer\\nPurchases of Equity Securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSelected Financial Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations . . .\\nQuantitative and Qualitative Disclosures About Market Risk . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFinancial Statements and Supplementary Data . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nChanges in and Disagreements With Accountants on Accounting and Financial Disclosure . . .\\nControls and Procedures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n29\\n31\\n34\\n67\\n70\\n150\\n150\\n151\\n\\nPART III\\n\\nItem 10.\\nItem 11.\\nItem 12.\\n\\nItem 13.\\nItem 14.\\n\\nDirectors, Executive Officers and Corporate Governance . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExecutive Compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecurity Ownership of Certain Beneficial Owners and Management and Related Stockholder\\nMatters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCertain Relationships and Related Transactions, and Director Independence . . . . . . . . . . . . . .\\nPrincipal Accountant Fees and Services . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n151\\n151\\n\\n151\\n152\\n152\\n\\nPART IV\\n\\nItem 15.\\nExhibits and Financial Statement Schedules . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSchedule II—Valuation and Qualifying Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSchedule III—Real Estate Investments and Accumulated Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSIGNATURES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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$8,015\\nincome tax benefit for the years ended December 31, 2014, 2013 and\\n2012, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnrealized holding (losses) gains on available for sale securities, net of\\n$614 income tax benefit for the year ended December 31, 2014 and\\n$756 and $43 income tax for the years ended December 31, 2013 and\\n2012, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPension liability adjustments, net of $7,589, $1,409 and $1,131 income\\ntax benefit for the years ended December 31, 2014, 2013 and 2012,\\nrespectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 513,503\\n\\n$348,795\\n\\n$304,787\\n\\n(148,589)\\n\\n7,390\\n\\n(997)\\n\\n7,279\\n\\n7,151\\n\\n6,977\\n\\n(5,927)\\n\\n4,361\\n\\n(11,901)\\n\\n(941)\\n\\n1,151\\n\\n475\\n\\n(30,355)\\n549\\n\\n(5,638)\\n3,720\\n\\n(947)\\n(598)\\n\\nTotal other comprehensive (loss) income . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(177,984)\\n\\n18,135\\n\\n(6,991)\\n\\nComprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess: Comprehensive income (loss) attributable to non-controlling\\ninterests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n335,519\\n\\n366,930\\n\\n297,796\\n\\n28,913\\n\\n31,471\\n\\n(11,154)\\n\\nComprehensive income attributable to CBRE Group, Inc. . . . . . . . . . . . . . . .\\n\\n$ 306,606\\n\\n$335,459\\n\\n$308,950\\n\\nThe accompanying notes are an integral part of these consolidated financial statements.\\n\\n75\",\"name\":\"fintabnet.CBRE_2014_page_77__100dpi_medium\",\"page_id\":\"fintabnet.CBRE_2014_page_77\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.424,\"source\":\"fintabnet\",\"source_id\":\"CBRE_2014_page_77\",\"stack\":[{\"deg\":-1.424,\"op\":\"skew\"},{\"amp\":0.135,\"angle\":105.9,\"blob\":0.461,\"op\":\"illumination\"},{\"gain\":0.779,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":59}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[94.7,138.9,743.4,595.7],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36],\"cells\":null}],\"text\":\"CBRE GROUP, INC.\\n\\nCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME\\n(Dollars in thousands)\\n\\nYear Ended December 31,\\n2014\\n2013\\n2012\\n\\nNet income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther comprehensive (loss) income:\\nForeign currency translation (loss) gain . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAmounts reclassified from accumulated other comprehensive loss to\\ninterest expense, net of $4,710, $4,695 and $4,699 income tax for the\\nyears ended December 31, 2014, 2013 and 2012 . . . . . . . . . . . . . . . . .\\nUnrealized (losses) gains on interest rate swaps and interest rate caps,\\nnet of $3,825 income tax benefit, $2,862 income tax and $8,015\\nincome tax benefit for the years ended December 31, 2014, 2013 and\\n2012, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnrealized holding (losses) gains on available for sale securities, net of\\n$614 income tax benefit for the year ended December 31, 2014 and\\n$756 and $43 income tax for the years ended December 31, 2013 and\\n2012, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPension liability adjustments, net of $7,589, $1,409 and $1,131 income\\ntax benefit for the years ended December 31, 2014, 2013 and 2012,\\nrespectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 513,503\\n\\n$348,795\\n\\n$304,787\\n\\n(148,589)\\n\\n7,390\\n\\n(997)\\n\\n7,279\\n\\n7,151\\n\\n6,977\\n\\n(5,927)\\n\\n4,361\\n\\n(11,901)\\n\\n(941)\\n\\n1,151\\n\\n475\\n\\n(30,355)\\n549\\n\\n(5,638)\\n3,720\\n\\n(947)\\n(598)\\n\\nTotal other comprehensive (loss) income . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(177,984)\\n\\n18,135\\n\\n(6,991)\\n\\nComprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess: Comprehensive income (loss) attributable to non-controlling\\ninterests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n335,519\\n\\n366,930\\n\\n297,796\\n\\n28,913\\n\\n31,471\\n\\n(11,154)\\n\\nComprehensive income attributable to CBRE Group, Inc. . . . . . . . . . . . . . . .\\n\\n$ 306,606\\n\\n$335,459\\n\\n$308,950\\n\\nThe accompanying notes are an integral part of these consolidated financial statements.\\n\\n75\"},\"name\":\"fintabnet.CBRE_2014_page_77__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":59321,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:CBRE_2014\",\"dpi\":100,\"gt_sha256\":\"1bd544b37459f09822eea93b34574236f8b67289d913b05e0bddcfb126c2dc4a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.CBRE_2014_page_77__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.CBRE_2014_page_77\",\"pdf_sha256\":\"bb14bbbdf2b30e3723f595c376e27d9618826b76077171491d06f8f2413cca45\",\"px\":[825,1075],\"scan\":{\"render\":\"00000fe0219c3fc03fc03fc03fc8381e3e1c000000000000c000e000fff8ffff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"CBRE_2014_page_77\",\"src\":{\"file_sha256\":\"1bedc829443425b305179a67a03a0c9ca636d98585d1efa99d373fa1963bef68\",\"render\":\"00000ff021bc3fc03fc03fc03fd83e3e3fbc000000000000000000000df00000\",\"text\":\"b69706c4b551af983a9f23b44edb462b436b1433e60b46291c3ea802a0c3e69a\"},\"stack\":[{\"deg\":-1.424,\"op\":\"skew\"},{\"amp\":0.135,\"angle\":105.9,\"blob\":0.461,\"op\":\"illumination\"},{\"gain\":0.779,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":59}],\"tools\":\"21647cade0ee\"},\"sha256\":\"bb14bbbdf2b30e3723f595c376e27d9618826b76077171491d06f8f2413cca45\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/bb14bbbdf2b30e3723f595c376e27d9618826b76077171491d06f8f2413cca45.pdf","asset_sha256":"bb14bbbdf2b30e3723f595c376e27d9618826b76077171491d06f8f2413cca45","document_id":"fintabnet:CBRE_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CBRE_2014_page_77\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMA_2016_page_117\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:CMA_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[207.2,40.4,642.7,78.9],\"lines\":[{\"bbox\":[207.2,40.4,642.7,58.9],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[279.8,60.4,570.1,78.9],\"text\":\"Comerica Incorporated and Subsidiaries\"}],\"order\":0,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\nComerica Incorporated and Subsidiaries\"},{\"bbox\":[68.8,97.2,781.3,145.9],\"lines\":[{\"bbox\":[118.8,97.2,781.2,112.6],\"text\":\"The following table presents the composition of the Corporation’s derivative instruments held or issued for risk\"},{\"bbox\":[68.8,113.9,781.3,129.2],\"text\":\"management purposes or in connection with customer-initiated and other activities at December 31, 2016 and 2015. The table\"},{\"bbox\":[68.8,130.5,433.6,145.9],\"text\":\"excludes commitments and warrants accounted for as derivatives.\"}],\"order\":1,\"text\":\"The following table presents the composition of the Corporation’s derivative instruments held or issued for risk\\nmanagement purposes or in connection with customer-initiated and other activities at December 31, 2016 and 2015. The table\\nexcludes commitments and warrants accounted for as derivatives.\"},{\"bbox\":[72.9,209.6,134.4,223.5],\"lines\":[{\"bbox\":[72.9,209.6,134.4,223.5],\"text\":\"(in millions)\"}],\"order\":2,\"text\":\"(in millions)\"},{\"bbox\":[353.3,158.2,556.2,224.9],\"lines\":[{\"bbox\":[403.1,158.2,504.1,172.1],\"text\":\"December 31, 2016\"},{\"bbox\":[465.9,172.1,523.2,186.0],\"text\":\"Fair Value\"},{\"bbox\":[359.3,186.1,408.6,199.9],\"text\":\"Notional/\"},{\"bbox\":[443.5,186.1,474.7,199.9],\"text\":\"Gross\"},{\"bbox\":[512.9,186.1,544.2,199.9],\"text\":\"Gross\"},{\"bbox\":[360.1,198.6,408.0,212.4],\"text\":\"Contract\"},{\"bbox\":[431.2,198.6,556.2,212.4],\"text\":\"Derivative Derivative\"},{\"bbox\":[353.3,211.1,414.7,224.9],\"text\":\"Amount (a)\"},{\"bbox\":[442.4,211.1,475.7,224.9],\"text\":\"Assets\"},{\"bbox\":[501.7,211.1,555.2,224.9],\"text\":\"Liabilities\"}],\"order\":3,\"text\":\"December 31, 2016\\nFair Value\\nNotional/\\nGross\\nGross\\nContract\\nDerivative Derivative\\nAmount (a)\\nAssets\\nLiabilities\"},{\"bbox\":[72.9,227.6,357.6,837.4],\"lines\":[{\"bbox\":[72.9,227.6,225.7,243.0],\"text\":\"Risk management purposes\"},{\"bbox\":[81.2,244.3,339.7,259.6],\"text\":\"Derivatives designated as hedging instruments\"},{\"bbox\":[97.9,260.9,221.3,276.3],\"text\":\"Interest rate contracts:\"},{\"bbox\":[114.6,277.7,302.8,293.0],\"text\":\"Swaps - fair value - receive fixed/\"},{\"bbox\":[350.7,288.6,357.6,304.0],\"text\":\"$\"},{\"bbox\":[127.1,291.5,193.8,306.9],\"text\":\"pay floating\"},{\"bbox\":[81.2,308.2,288.8,323.5],\"text\":\"Derivatives used as economic hedges\"},{\"bbox\":[97.9,324.8,254.5,340.2],\"text\":\"Foreign exchange contracts:\"},{\"bbox\":[114.6,341.5,257.3,356.9],\"text\":\"Spot, forwards and swaps\"},{\"bbox\":[72.9,358.2,253.8,373.5],\"text\":\"Total risk management purposes\"},{\"bbox\":[72.9,374.8,286.2,390.2],\"text\":\"Customer-initiated and other activities\"},{\"bbox\":[97.9,391.5,221.3,406.9],\"text\":\"Interest rate contracts:\"},{\"bbox\":[114.6,408.2,244.6,423.5],\"text\":\"Caps and floors written\"},{\"bbox\":[114.6,424.8,261.5,440.2],\"text\":\"Caps and floors purchased\"},{\"bbox\":[114.6,441.5,150.8,456.9],\"text\":\"Swaps\"},{\"bbox\":[97.9,458.2,249.5,473.5],\"text\":\"Total interest rate contracts\"},{\"bbox\":[97.9,474.8,195.5,490.2],\"text\":\"Energy contracts:\"},{\"bbox\":[114.6,491.5,244.6,506.9],\"text\":\"Caps and floors written\"},{\"bbox\":[114.6,508.2,261.5,523.5],\"text\":\"Caps and floors purchased\"},{\"bbox\":[114.6,524.8,150.8,540.2],\"text\":\"Swaps\"},{\"bbox\":[97.9,541.5,222.1,556.9],\"text\":\"Total energy contracts\"},{\"bbox\":[97.9,558.2,254.5,573.5],\"text\":\"Foreign exchange contracts:\"},{\"bbox\":[114.6,574.8,305.2,590.2],\"text\":\"Spot, forwards, options and swaps\"},{\"bbox\":[72.9,591.5,315.9,606.9],\"text\":\"Total customer-initiated and other activities\"},{\"bbox\":[350.7,608.0,357.6,623.4],\"text\":\"$\"},{\"bbox\":[72.9,608.2,198.5,623.5],\"text\":\"Total gross derivatives\"},{\"bbox\":[72.9,624.9,313.2,640.3],\"text\":\"Amounts offset in the consolidated balance\"},{\"bbox\":[85.4,638.7,123.2,654.1],\"text\":\"sheets:\"},{\"bbox\":[97.9,655.4,330.9,670.8],\"text\":\"Netting adjustment - Offsetting derivative\"},{\"bbox\":[110.4,669.3,198.4,684.6],\"text\":\"assets/liabilities\"},{\"bbox\":[97.9,686.0,298.5,701.4],\"text\":\"Netting adjustment - Cash collateral\"},{\"bbox\":[110.4,699.8,197.6,715.2],\"text\":\"received/posted\"},{\"bbox\":[72.9,716.6,317.1,731.9],\"text\":\"Net derivatives included in the consolidated\"},{\"bbox\":[85.4,730.4,184.9,745.8],\"text\":\"balance sheets (b)\"},{\"bbox\":[72.9,747.1,334.5,762.5],\"text\":\"Amounts not offset in the consolidated balance\"},{\"bbox\":[85.4,760.9,123.2,776.3],\"text\":\"sheets:\"},{\"bbox\":[97.9,777.7,315.4,793.0],\"text\":\"Marketable securities received/pledged\"},{\"bbox\":[110.4,791.5,312.9,806.9],\"text\":\"under bilateral collateral agreements\"},{\"bbox\":[72.9,808.2,316.3,823.6],\"text\":\"Net derivatives after deducting amounts not\"},{\"bbox\":[85.4,822.0,308.8,837.4],\"text\":\"offset in the consolidated balance sheets\"}],\"order\":4,\"text\":\"Risk management purposes\\nDerivatives designated as hedging instruments\\nInterest rate contracts:\\nSwaps - fair value - receive fixed/\\n$\\npay floating\\nDerivatives used as economic hedges\\nForeign exchange contracts:\\nSpot, forwards and swaps\\nTotal risk management purposes\\nCustomer-initiated and other activities\\nInterest rate contracts:\\nCaps and floors written\\nCaps and floors purchased\\nSwaps\\nTotal interest rate contracts\\nEnergy contracts:\\nCaps and floors written\\nCaps and floors purchased\\nSwaps\\nTotal energy contracts\\nForeign exchange contracts:\\nSpot, forwards, options and swaps\\nTotal customer-initiated and other activities\\n$\\nTotal gross derivatives\\nAmounts offset in the consolidated balance\\nsheets:\\nNetting adjustment - Offsetting derivative\\nassets/liabilities\\nNetting adjustment - Cash collateral\\nreceived/posted\\nNet derivatives included in the consolidated\\nbalance sheets (b)\\nAmounts not offset in the consolidated balance\\nsheets:\\nMarketable securities received/pledged\\nunder bilateral collateral agreements\\nNet derivatives after deducting amounts not\\noffset in the consolidated balance 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Included in the fair value of net derivative assets and net derivative liabilities are\\ncredit valuation adjustments reflecting counterparty credit risk and credit risk of the Corporation. The fair value of net derivative assets\\nincluded credit valuation adjustments for counterparty credit risk of $5 million at both December 31, 2016 and 2015.\"},{\"bbox\":[68.8,955.0,781.3,1020.4],\"lines\":[{\"bbox\":[68.8,955.0,173.3,970.4],\"text\":\"Risk Management\"},{\"bbox\":[120.1,971.7,781.3,987.0],\"text\":\"As an end-user, the Corporation employs a variety of financial instruments for risk management purposes, including cash\"},{\"bbox\":[68.8,988.3,781.3,1003.7],\"text\":\"instruments, such as investment securities, as well as derivative instruments. Activity related to these instruments is centered\"},{\"bbox\":[68.8,1005.0,781.2,1020.4],\"text\":\"predominantly in the interest rate markets and mainly involves interest rate swaps. Various other types of instruments also may\"}],\"order\":67,\"text\":\"Risk Management\\nAs an end-user, the Corporation employs a variety of financial instruments for risk management purposes, including cash\\ninstruments, such as investment securities, as well as derivative instruments. Activity related to these instruments is centered\\npredominantly in the interest rate markets and mainly involves interest rate swaps. Various other types of instruments also may\"},{\"bbox\":[411.9,1041.0,438.1,1056.3],\"lines\":[{\"bbox\":[411.9,1041.0,438.1,1056.3],\"text\":\"F-80\"}],\"order\":68,\"text\":\"F-80\"}],\"doc\":\"fintabnet:CMA_2016\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\nComerica Incorporated and Subsidiaries\\n\\nThe following table presents the composition of the Corporation’s derivative instruments held or issued for risk\\nmanagement purposes or in connection with customer-initiated and other activities at December 31, 2016 and 2015. The table\\nexcludes commitments and warrants accounted for as derivatives.\\n\\n(in millions)\\n\\nDecember 31, 2016\\nFair Value\\nNotional/\\nGross\\nGross\\nContract\\nDerivative Derivative\\nAmount (a)\\nAssets\\nLiabilities\\n\\nRisk management purposes\\nDerivatives designated as hedging instruments\\nInterest rate contracts:\\nSwaps - fair value - receive fixed/\\n$\\npay floating\\nDerivatives used as economic hedges\\nForeign exchange contracts:\\nSpot, forwards and swaps\\nTotal risk management purposes\\nCustomer-initiated and other activities\\nInterest rate contracts:\\nCaps and floors written\\nCaps and floors purchased\\nSwaps\\nTotal interest rate contracts\\nEnergy contracts:\\nCaps and floors written\\nCaps and floors purchased\\nSwaps\\nTotal energy contracts\\nForeign exchange contracts:\\nSpot, forwards, options and swaps\\nTotal customer-initiated and other activities\\n$\\nTotal gross derivatives\\nAmounts offset in the consolidated balance\\nsheets:\\nNetting adjustment - Offsetting derivative\\nassets/liabilities\\nNetting adjustment - Cash collateral\\nreceived/posted\\nNet derivatives included in the consolidated\\nbalance sheets (b)\\nAmounts not offset in the consolidated balance\\nsheets:\\nMarketable securities received/pledged\\nunder bilateral collateral agreements\\nNet derivatives after deducting amounts not\\noffset in the consolidated balance sheets\\n\\n2,275\\n\\n$\\n\\n92\\n\\n$\\n\\n4\\n\\nDecember 31, 2015\\nFair Value\\nNotional/\\nGross\\nGross\\nContract\\nDerivative Derivative\\nAmount (a)\\nAssets\\nLiabilities\\n\\n$\\n\\n2,525\\n\\n$\\n\\n147\\n\\n$\\n\\n—\\n\\n717\\n2,992\\n\\n2\\n94\\n\\n2\\n6\\n\\n593\\n3,118\\n\\n3\\n150\\n\\n—\\n—\\n\\n436\\n436\\n12,451\\n13,323\\n\\n—\\n1\\n130\\n131\\n\\n1\\n—\\n76\\n77\\n\\n253\\n253\\n11,722\\n12,228\\n\\n—\\n—\\n139\\n139\\n\\n—\\n—\\n92\\n92\\n\\n419\\n419\\n1,389\\n2,227\\n\\n1\\n31\\n114\\n146\\n\\n31\\n1\\n112\\n144\\n\\n536\\n536\\n2,055\\n3,127\\n\\n—\\n85\\n390\\n475\\n\\n85\\n—\\n387\\n472\\n\\n1,509\\n17,059\\n20,051\\n\\n36\\n313\\n407\\n\\n27\\n248\\n254\\n\\n2,291\\n17,646\\n20,764\\n\\n54\\n668\\n818\\n\\n46\\n610\\n610\\n\\n(84)\\n\\n(84)\\n\\n(127)\\n\\n(127)\\n\\n(47)\\n\\n(45)\\n\\n(291)\\n\\n(3)\\n\\n276\\n\\n125\\n\\n400\\n\\n480\\n\\n(19)\\n\\n(8)\\n\\n(137)\\n\\n(3)\\n\\n$\\n\\n257\\n\\n$\\n\\n117\\n\\n$\\n\\n$\\n\\n263\\n\\n$\\n\\n477\\n\\n(a) Notional or contractual amounts, which represent the extent of involvement in the derivatives market, are used to determine the contractual\\ncash flows required in accordance with the terms of the agreement. These amounts are typically not exchanged, significantly exceed amounts\\nsubject to credit or market risk and are not reflected in the consolidated balance sheets.\\n(b) Net derivative assets are included in “accrued income and other assets” and net derivative liabilities are included in “accrued expenses\\nand other liabilities” on the consolidated balance sheets. Included in the fair value of net derivative assets and net derivative liabilities are\\ncredit valuation adjustments reflecting counterparty credit risk and credit risk of the Corporation. The fair value of net derivative assets\\nincluded credit valuation adjustments for counterparty credit risk of $5 million at both December 31, 2016 and 2015.\\n\\nRisk Management\\nAs an end-user, the Corporation employs a variety of financial instruments for risk management purposes, including cash\\ninstruments, such as investment securities, as well as derivative instruments. Activity related to these instruments is centered\\npredominantly in the interest rate markets and mainly involves interest rate swaps. Various other types of instruments also may\\n\\nF-80\",\"name\":\"fintabnet.CMA_2016_page_117__100dpi_none\",\"page_id\":\"fintabnet.CMA_2016_page_117\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"CMA_2016_page_117\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[72.9,158.2,779.8,837.4],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65],\"cells\":null}],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\nComerica Incorporated and Subsidiaries\\n\\nThe following table presents the composition of the Corporation’s derivative instruments held or issued for risk\\nmanagement purposes or in connection with customer-initiated and other activities at December 31, 2016 and 2015. The table\\nexcludes commitments and warrants accounted for as derivatives.\\n\\n(in millions)\\n\\nDecember 31, 2016\\nFair Value\\nNotional/\\nGross\\nGross\\nContract\\nDerivative Derivative\\nAmount (a)\\nAssets\\nLiabilities\\n\\nRisk management purposes\\nDerivatives designated as hedging instruments\\nInterest rate contracts:\\nSwaps - fair value - receive fixed/\\n$\\npay floating\\nDerivatives used as economic hedges\\nForeign exchange contracts:\\nSpot, forwards and swaps\\nTotal risk management purposes\\nCustomer-initiated and other activities\\nInterest rate contracts:\\nCaps and floors written\\nCaps and floors purchased\\nSwaps\\nTotal interest rate contracts\\nEnergy contracts:\\nCaps and floors written\\nCaps and floors purchased\\nSwaps\\nTotal energy contracts\\nForeign exchange contracts:\\nSpot, forwards, options and swaps\\nTotal customer-initiated and other activities\\n$\\nTotal gross derivatives\\nAmounts offset in the consolidated balance\\nsheets:\\nNetting adjustment - Offsetting derivative\\nassets/liabilities\\nNetting adjustment - Cash collateral\\nreceived/posted\\nNet derivatives included in the consolidated\\nbalance sheets (b)\\nAmounts not offset in the consolidated balance\\nsheets:\\nMarketable securities received/pledged\\nunder bilateral collateral agreements\\nNet derivatives after deducting amounts not\\noffset in the consolidated balance sheets\\n\\n2,275\\n\\n$\\n\\n92\\n\\n$\\n\\n4\\n\\nDecember 31, 2015\\nFair Value\\nNotional/\\nGross\\nGross\\nContract\\nDerivative Derivative\\nAmount (a)\\nAssets\\nLiabilities\\n\\n$\\n\\n2,525\\n\\n$\\n\\n147\\n\\n$\\n\\n—\\n\\n717\\n2,992\\n\\n2\\n94\\n\\n2\\n6\\n\\n593\\n3,118\\n\\n3\\n150\\n\\n—\\n—\\n\\n436\\n436\\n12,451\\n13,323\\n\\n—\\n1\\n130\\n131\\n\\n1\\n—\\n76\\n77\\n\\n253\\n253\\n11,722\\n12,228\\n\\n—\\n—\\n139\\n139\\n\\n—\\n—\\n92\\n92\\n\\n419\\n419\\n1,389\\n2,227\\n\\n1\\n31\\n114\\n146\\n\\n31\\n1\\n112\\n144\\n\\n536\\n536\\n2,055\\n3,127\\n\\n—\\n85\\n390\\n475\\n\\n85\\n—\\n387\\n472\\n\\n1,509\\n17,059\\n20,051\\n\\n36\\n313\\n407\\n\\n27\\n248\\n254\\n\\n2,291\\n17,646\\n20,764\\n\\n54\\n668\\n818\\n\\n46\\n610\\n610\\n\\n(84)\\n\\n(84)\\n\\n(127)\\n\\n(127)\\n\\n(47)\\n\\n(45)\\n\\n(291)\\n\\n(3)\\n\\n276\\n\\n125\\n\\n400\\n\\n480\\n\\n(19)\\n\\n(8)\\n\\n(137)\\n\\n(3)\\n\\n$\\n\\n257\\n\\n$\\n\\n117\\n\\n$\\n\\n$\\n\\n263\\n\\n$\\n\\n477\\n\\n(a) Notional or contractual amounts, which represent the extent of involvement in the derivatives market, are used to determine the contractual\\ncash flows required in accordance with the terms of the agreement. These amounts are typically not exchanged, significantly exceed amounts\\nsubject to credit or market risk and are not reflected in the consolidated balance sheets.\\n(b) Net derivative assets are included in “accrued income and other assets” and net derivative liabilities are included in “accrued expenses\\nand other liabilities” on the consolidated balance sheets. Included in the fair value of net derivative assets and net derivative liabilities are\\ncredit valuation adjustments reflecting counterparty credit risk and credit risk of the Corporation. The fair value of net derivative assets\\nincluded credit valuation adjustments for counterparty credit risk of $5 million at both December 31, 2016 and 2015.\\n\\nRisk Management\\nAs an end-user, the Corporation employs a variety of financial instruments for risk management purposes, including cash\\ninstruments, such as investment securities, as well as derivative instruments. Activity related to these instruments is centered\\npredominantly in the interest rate markets and mainly involves interest rate swaps. Various other types of instruments also may\\n\\nF-80\"},\"name\":\"fintabnet.CMA_2016_page_117__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":86736,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:CMA_2016\",\"dpi\":100,\"gt_sha256\":\"380d08253b47a5cbc7defdb79552838635f8d184101fd6036b738fda6ff3e27e\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.CMA_2016_page_117__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.CMA_2016_page_117\",\"pdf_sha256\":\"4f2c731ce1992eaaadd5f1107c5bcd67e400b752daefdcffef66f14c6d9fc06c\",\"px\":[850,1100],\"scan\":{\"render\":\"03401fe001dc79fe38007910393039307ffe7c007c203c003ffe3ffc7ffe0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"CMA_2016_page_117\",\"src\":{\"file_sha256\":\"567dd7d073f07490390c72af1b1ceefa4d6d11d91f6ef505b4cee4a28ed35304\",\"render\":\"00001fe001fc781038007d7439f439307ffe3c007c003c007ffe3ff83ffc0000\",\"text\":\"acb1377dfe65249edd133c93d9fa7d6dd30f6390f425abd8bacf0913de1971d8\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"4f2c731ce1992eaaadd5f1107c5bcd67e400b752daefdcffef66f14c6d9fc06c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/4f2c731ce1992eaaadd5f1107c5bcd67e400b752daefdcffef66f14c6d9fc06c.pdf","asset_sha256":"4f2c731ce1992eaaadd5f1107c5bcd67e400b752daefdcffef66f14c6d9fc06c","document_id":"fintabnet:CMA_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMA_2016_page_117\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMCSA_2015_page_105\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:CMCSA_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[263.9,108.1,582.5,145.1],\"lines\":[{\"bbox\":[263.9,108.1,582.5,145.1],\"text\":\"Comcast Corporation\"}],\"order\":0,\"text\":\"Comcast Corporation\"},{\"bbox\":[259.8,206.0,1310.3,275.2],\"lines\":[{\"bbox\":[259.8,206.0,1310.3,275.2],\"text\":\"Note 12: Postretirement, Pension and Other Employee Benefit Plans\"}],\"order\":1,\"text\":\"Note 12: Postretirement, Pension and Other Employee Benefit Plans\"},{\"bbox\":[257.0,278.3,1373.7,346.3],\"lines\":[{\"bbox\":[257.0,278.3,1373.7,346.3],\"text\":\"The table below provides condensed information on our postretirement and pension benefit plans.\"}],\"order\":2,\"text\":\"The table below provides condensed information on our postretirement and pension benefit plans.\"},{\"bbox\":[733.7,358.1,777.6,377.5],\"lines\":[{\"bbox\":[733.7,358.1,777.6,377.5],\"text\":\"2015\"}],\"order\":3,\"text\":\"2015\"},{\"bbox\":[252.4,396.9,564.8,427.2],\"lines\":[{\"bbox\":[252.4,396.9,564.8,427.2],\"text\":\"Year ended December 31 (in millions)\"}],\"order\":4,\"text\":\"Year ended December 31 (in millions)\"},{\"bbox\":[1342.3,382.9,1386.2,402.2],\"lines\":[{\"bbox\":[1342.3,382.9,1386.2,402.2],\"text\":\"2013\"}],\"order\":5,\"text\":\"2013\"},{\"bbox\":[813.2,394.8,888.9,440.3],\"lines\":[{\"bbox\":[815.8,394.8,888.9,415.4],\"text\":\"Pension\"},{\"bbox\":[813.2,419.7,887.7,440.3],\"text\":\"Benefits\"}],\"order\":6,\"text\":\"Pension\\nBenefits\"},{\"bbox\":[914.9,398.9,1039.0,446.4],\"lines\":[{\"bbox\":[915.9,398.9,1039.0,421.5],\"text\":\"Postretirement\"},{\"bbox\":[970.0,426.1,1038.0,446.4],\"text\":\"Benefits\"}],\"order\":7,\"text\":\"Postretirement\\nBenefits\"},{\"bbox\":[1110.4,406.9,1179.4,452.2],\"lines\":[{\"bbox\":[1111.7,406.9,1179.4,427.2],\"text\":\"Pension\"},{\"bbox\":[1110.4,431.8,1178.4,452.2],\"text\":\"Benefits\"}],\"order\":8,\"text\":\"Pension\\nBenefits\"},{\"bbox\":[1222.0,411.4,1346.1,458.9],\"lines\":[{\"bbox\":[1223.0,411.4,1346.1,434.0],\"text\":\"Postretirement\"},{\"bbox\":[1277.1,438.6,1345.1,458.9],\"text\":\"Benefits\"}],\"order\":9,\"text\":\"Postretirement\\nBenefits\"},{\"bbox\":[1434.2,420.0,1503.2,465.3],\"lines\":[{\"bbox\":[1435.5,420.0,1503.1,440.3],\"text\":\"Pension\"},{\"bbox\":[1434.2,445.0,1502.2,465.3],\"text\":\"Benefits\"}],\"order\":10,\"text\":\"Pension\\nBenefits\"},{\"bbox\":[686.6,458.0,750.8,519.2],\"lines\":[{\"bbox\":[688.1,458.0,750.8,483.1],\"text\":\"$ 820\"},{\"bbox\":[723.4,495.5,749.3,519.2],\"text\":\"—\"}],\"order\":11,\"text\":\"$ 820\\n—\"},{\"bbox\":[821.9,463.5,886.1,524.7],\"lines\":[{\"bbox\":[823.4,463.5,886.1,488.6],\"text\":\"$ 309\"},{\"bbox\":[858.7,501.0,884.6,524.7],\"text\":\"—\"}],\"order\":12,\"text\":\"$ 309\\n—\"},{\"bbox\":[971.3,469.5,1036.1,530.8],\"lines\":[{\"bbox\":[972.7,469.5,1036.1,494.7],\"text\":\"$ 837\"},{\"bbox\":[1008.7,507.1,1034.6,530.8],\"text\":\"—\"}],\"order\":13,\"text\":\"$ 837\\n—\"},{\"bbox\":[1112.4,475.3,1176.6,536.5],\"lines\":[{\"bbox\":[1113.9,475.3,1176.6,500.4],\"text\":\"$ 581\"},{\"bbox\":[1132.5,512.2,1175.1,536.5],\"text\":\"242\"}],\"order\":14,\"text\":\"$ 581\\n242\"},{\"bbox\":[1279.1,482.1,1343.2,543.3],\"lines\":[{\"bbox\":[1280.5,482.1,1343.2,507.2],\"text\":\"$ 633\"},{\"bbox\":[1315.8,519.6,1341.7,543.3],\"text\":\"—\"}],\"order\":15,\"text\":\"$ 633\\n—\"},{\"bbox\":[1436.2,488.4,1500.3,549.6],\"lines\":[{\"bbox\":[1437.6,488.4,1500.3,513.6],\"text\":\"$ 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498\\n220\"},{\"bbox\":[696.9,566.7,753.4,591.6],\"lines\":[{\"bbox\":[696.9,566.7,753.4,591.6],\"text\":\"(820)\"}],\"order\":17,\"text\":\"(820)\"},{\"bbox\":[832.2,572.2,888.7,597.1],\"lines\":[{\"bbox\":[832.2,572.2,888.7,597.1],\"text\":\"(309)\"}],\"order\":18,\"text\":\"(309)\"},{\"bbox\":[983.2,578.4,1037.8,603.2],\"lines\":[{\"bbox\":[983.2,578.4,1037.8,603.2],\"text\":\"(837)\"}],\"order\":19,\"text\":\"(837)\"},{\"bbox\":[1123.6,584.1,1178.2,608.9],\"lines\":[{\"bbox\":[1123.6,584.1,1178.2,608.9],\"text\":\"(339)\"}],\"order\":20,\"text\":\"(339)\"},{\"bbox\":[1290.3,590.9,1344.9,615.7],\"lines\":[{\"bbox\":[1290.3,590.9,1344.9,615.7],\"text\":\"(633)\"}],\"order\":21,\"text\":\"(633)\"},{\"bbox\":[1447.4,597.3,1502.0,622.1],\"lines\":[{\"bbox\":[1447.4,597.3,1502.0,622.1],\"text\":\"(278)\"}],\"order\":22,\"text\":\"(278)\"},{\"bbox\":[704.9,675.5,748.9,735.9],\"lines\":[{\"bbox\":[706.4,675.5,748.9,699.8],\"text\":\"(33)\"},{\"bbox\":[711.8,711.9,740.5,735.6],\"text\":\"75\"}],\"order\":23,\"text\":\"(33)\\n75\"},{\"bbox\":[847.1,681.3,877.3,741.1],\"lines\":[{\"bbox\":[848.6,681.3,877.3,705.1],\"text\":\"14\"},{\"bbox\":[847.1,717.4,875.8,741.1],\"text\":\"13\"}],\"order\":24,\"text\":\"14\\n13\"},{\"bbox\":[997.1,687.4,1027.3,747.2],\"lines\":[{\"bbox\":[998.6,687.4,1027.3,711.2],\"text\":\"46\"},{\"bbox\":[997.1,723.5,1025.8,747.2],\"text\":\"59\"}],\"order\":25,\"text\":\"46\\n59\"},{\"bbox\":[1137.6,693.1,1167.8,753.0],\"lines\":[{\"bbox\":[1139.1,693.1,1167.8,716.9],\"text\":\"53\"},{\"bbox\":[1137.6,729.2,1166.3,753.0],\"text\":\"14\"}],\"order\":26,\"text\":\"53\\n14\"},{\"bbox\":[1284.4,699.1,1340.5,760.0],\"lines\":[{\"bbox\":[1285.9,699.1,1340.5,723.9],\"text\":\"(110)\"},{\"bbox\":[1304.3,736.0,1332.9,759.7],\"text\":\"65\"}],\"order\":27,\"text\":\"(110)\\n65\"},{\"bbox\":[1461.3,706.3,1497.6,766.4],\"lines\":[{\"bbox\":[1470.7,706.6,1497.6,730.3],\"text\":\"(3)\"},{\"bbox\":[1461.3,742.4,1490.0,766.1],\"text\":\"12\"}],\"order\":28,\"text\":\"(3)\\n12\"},{\"bbox\":[1222.2,780.0,1353.2,843.9],\"lines\":[{\"bbox\":[1223.6,780.0,1353.2,807.8],\"text\":\"5.00-5.25%\"},{\"bbox\":[1287.0,818.7,1329.5,843.0],\"text\":\"N/A\"}],\"order\":29,\"text\":\"5.00-5.25%\\nN/A\"},{\"bbox\":[1379.3,786.4,1510.3,850.3],\"lines\":[{\"bbox\":[1380.7,786.4,1510.3,814.2],\"text\":\"4.50-5.25%\"},{\"bbox\":[1437.1,824.8,1508.9,850.3],\"text\":\"5.00%\"}],\"order\":30,\"text\":\"4.50-5.25%\\n5.00%\"},{\"bbox\":[240.1,440.1,603.7,729.6],\"lines\":[{\"bbox\":[250.4,440.1,436.3,470.3],\"text\":\"Benefit obligation\"},{\"bbox\":[248.9,476.2,523.1,509.9],\"text\":\"Fair value of plan assets (a)\"},{\"bbox\":[247.5,512.3,600.8,549.2],\"text\":\"Plan funded status and recorded\"},{\"bbox\":[271.0,549.4,454.5,579.4],\"text\":\"benefit obligation\"},{\"bbox\":[244.5,584.5,580.5,620.7],\"text\":\"Portion of benefit obligation not\"},{\"bbox\":[268.0,621.6,542.0,655.3],\"text\":\"yet recognized in benefits\"},{\"bbox\":[266.6,657.6,358.2,683.9],\"text\":\"expense\"},{\"bbox\":[240.1,692.7,425.1,722.8],\"text\":\"Benefits expense\"}],\"order\":31,\"text\":\"Benefit obligation\\nFair value of plan assets (a)\\nPlan funded status and recorded\\nbenefit obligation\\nPortion of benefit obligation not\\nyet recognized in benefits\\nexpense\\nBenefits expense\"},{\"bbox\":[236.7,739.9,573.4,812.2],\"lines\":[{\"bbox\":[238.2,739.9,382.0,768.3],\"text\":\"Discount rate\"},{\"bbox\":[236.7,776.0,572.0,812.2],\"text\":\"Expected return on plan assets\"}],\"order\":32,\"text\":\"Discount rate\\nExpected return on plan assets\"},{\"bbox\":[1026.9,370.1,1070.8,389.4],\"lines\":[{\"bbox\":[1026.9,370.1,1070.8,389.4],\"text\":\"2014\"}],\"order\":33,\"text\":\"2014\"},{\"bbox\":[618.9,386.9,753.4,434.8],\"lines\":[{\"bbox\":[619.9,386.9,753.4,409.8],\"text\":\"Postretirement\"},{\"bbox\":[677.9,414.2,752.4,434.8],\"text\":\"Benefits\"}],\"order\":34,\"text\":\"Postretirement\\nBenefits\"},{\"bbox\":[629.3,755.9,898.9,825.4],\"lines\":[{\"bbox\":[630.8,755.9,898.9,789.3],\"text\":\"4.70-4.73% 4.31-4.40%\"},{\"bbox\":[692.8,794.5,737.2,818.9],\"text\":\"N/A\"},{\"bbox\":[828.1,800.0,872.5,824.4],\"text\":\"N/A\"}],\"order\":35,\"text\":\"4.70-4.73% 4.31-4.40%\\nN/A\\nN/A\"},{\"bbox\":[972.9,769.8,1186.6,837.1],\"lines\":[{\"bbox\":[974.4,769.8,1186.6,801.0],\"text\":\"4.25% 3.75-4.25%\"},{\"bbox\":[979.9,806.2,1022.4,830.5],\"text\":\"N/A\"},{\"bbox\":[1113.4,811.6,1185.1,837.1],\"text\":\"5.00%\"}],\"order\":36,\"text\":\"4.25% 3.75-4.25%\\nN/A\\n5.00%\"},{\"bbox\":[233.9,826.4,1484.7,919.8],\"lines\":[{\"bbox\":[234.9,826.4,1484.7,894.8],\"text\":\"(a) The fair value of the plan assets are primarily based on Level 1 inputs that use quoted market prices for identical financial instruments in\"},{\"bbox\":[261.6,852.5,414.7,876.3],\"text\":\"an active market.\"}],\"order\":37,\"text\":\"(a) The fair value of the plan assets are primarily based on Level 1 inputs that use quoted market prices for identical financial instruments in\\nan active market.\"},{\"bbox\":[223.8,914.7,1481.1,1168.7],\"lines\":[{\"bbox\":[231.1,914.7,596.1,951.2],\"text\":\"Postretirement Benefit Plans\"},{\"bbox\":[229.6,951.0,1479.5,1024.4],\"text\":\"We sponsor various benefit plans that provide postretirement benefits to eligible employees based on years of\"},{\"bbox\":[228.2,987.0,1478.0,1060.5],\"text\":\"service. The Comcast Postretirement Healthcare Stipend Program (the “stipend plan”) provides an annual\"},{\"bbox\":[226.7,1023.1,1476.6,1096.6],\"text\":\"stipend for reimbursement of healthcare costs to each eligible employee based on years of service. Under the\"},{\"bbox\":[225.2,1059.2,1475.2,1132.6],\"text\":\"stipend plan, we are not exposed to the increasing costs of healthcare because the benefits are fixed at a\"},{\"bbox\":[223.8,1095.3,490.9,1128.7],\"text\":\"predetermined amount.\"}],\"order\":38,\"text\":\"Postretirement Benefit Plans\\nWe sponsor various benefit plans that provide postretirement benefits to eligible employees based on years of\\nservice. The Comcast Postretirement Healthcare Stipend Program (the “stipend plan”) provides an annual\\nstipend for reimbursement of healthcare costs to each eligible employee based on years of service. Under the\\nstipend plan, we are not exposed to the increasing costs of healthcare because the benefits are fixed at a\\npredetermined amount.\"},{\"bbox\":[218.1,1162.7,1470.8,1308.3],\"lines\":[{\"bbox\":[221.0,1162.7,1470.8,1236.2],\"text\":\"NBCUniversal’s postretirement medical and life insurance plans provide continuous coverage to employees\"},{\"bbox\":[219.5,1198.8,1469.2,1272.2],\"text\":\"eligible to receive such benefits. A small number of eligible employees also participate in legacy plans of\"},{\"bbox\":[218.1,1234.9,456.4,1267.2],\"text\":\"acquired companies.\"}],\"order\":39,\"text\":\"NBCUniversal’s postretirement medical and life insurance plans provide continuous coverage to employees\\neligible to receive such benefits. A small number of eligible employees also participate in legacy plans of\\nacquired companies.\"},{\"bbox\":[212.4,1302.3,1465.4,1447.9],\"lines\":[{\"bbox\":[215.3,1302.3,1465.4,1375.8],\"text\":\"All of our postretirement benefit plans are unfunded and substantially all of our postretirement benefit obliga-\"},{\"bbox\":[213.9,1338.4,1463.7,1411.8],\"text\":\"tions are recorded to noncurrent liabilities. The expense we recognize for our postretirement benefit plans is\"},{\"bbox\":[212.4,1374.5,970.9,1427.9],\"text\":\"determined using certain assumptions, including the discount rate.\"}],\"order\":40,\"text\":\"All of our postretirement benefit plans are unfunded and substantially all of our postretirement benefit obliga-\\ntions are recorded to noncurrent liabilities. The expense we recognize for our postretirement benefit plans is\\ndetermined using certain assumptions, including the discount rate.\"},{\"bbox\":[209.7,1441.8,384.8,1470.5],\"lines\":[{\"bbox\":[209.7,1441.8,384.8,1470.5],\"text\":\"Pension Plans\"}],\"order\":41,\"text\":\"Pension Plans\"},{\"bbox\":[192.6,1498.6,1457.3,1933.2],\"lines\":[{\"bbox\":[207.4,1498.6,380.6,1527.4],\"text\":\"NBCUniversal\"},{\"bbox\":[205.9,1535.1,1455.7,1608.5],\"text\":\"NBCUniversal sponsors various qualified and nonqualified defined benefit plans for domestic employees for\"},{\"bbox\":[204.4,1571.1,1454.2,1644.6],\"text\":\"which future benefits have been frozen since the beginning of 2013, therefore we did not recognize service\"},{\"bbox\":[202.9,1607.2,1452.8,1680.6],\"text\":\"costs related to our pension plans for the periods presented. The expense we recognize for our defined bene-\"},{\"bbox\":[201.5,1643.3,1451.4,1716.7],\"text\":\"fit plans is determined using certain assumptions, including the discount rate and the expected long-term rate\"},{\"bbox\":[200.0,1679.4,1449.9,1752.8],\"text\":\"of return on plan assets. We recognize the funded or unfunded status of our defined benefit plans as an asset\"},{\"bbox\":[198.5,1715.5,1448.2,1788.9],\"text\":\"or liability in our consolidated balance sheet and recognize changes in the funded status in the year in which\"},{\"bbox\":[197.1,1751.5,1446.9,1825.0],\"text\":\"the changes occur in accumulated other comprehensive income (loss). In addition to the defined benefit plans\"},{\"bbox\":[195.6,1787.6,1445.5,1861.0],\"text\":\"it sponsors, NBCUniversal is also obligated to reimburse GE for future benefit payments to those participants\"},{\"bbox\":[194.1,1823.7,1444.0,1897.1],\"text\":\"who were vested in the supplemental pension plan sponsored by GE at the time of the NBCUniversal trans-\"},{\"bbox\":[192.6,1859.8,362.7,1889.3],\"text\":\"action in 2011.\"}],\"order\":42,\"text\":\"NBCUniversal\\nNBCUniversal sponsors various qualified and nonqualified defined benefit plans for domestic employees for\\nwhich future benefits have been frozen since the beginning of 2013, therefore we did not recognize service\\ncosts related to our pension plans for the periods presented. The expense we recognize for our defined bene-\\nfit plans is determined using certain assumptions, including the discount rate and the expected long-term rate\\nof return on plan assets. We recognize the funded or unfunded status of our defined benefit plans as an asset\\nor liability in our consolidated balance sheet and recognize changes in the funded status in the year in which\\nthe changes occur in accumulated other comprehensive income (loss). In addition to the defined benefit plans\\nit sponsors, NBCUniversal is also obligated to reimburse GE for future benefit payments to those participants\\nwho were vested in the supplemental pension plan sponsored by GE at the time of the NBCUniversal trans-\\naction in 2011.\"},{\"bbox\":[188.4,1927.2,1440.1,2036.7],\"lines\":[{\"bbox\":[189.9,1927.2,1440.1,2000.7],\"text\":\"In September 2015, we settled all of our obligations related to the termination in December 2013 of the\"},{\"bbox\":[188.4,1963.3,1438.1,2036.7],\"text\":\"NBCUniversal qualified pension plan. In connection with this final settlement, we fully funded the plan with an\"}],\"order\":43,\"text\":\"In September 2015, we settled all of our obligations related to the termination in December 2013 of the\\nNBCUniversal qualified pension plan. In connection with this final settlement, we fully funded the plan with an\"},{\"bbox\":[184.7,2059.9,578.5,2093.4],\"lines\":[{\"bbox\":[184.7,2059.9,578.5,2093.4],\"text\":\"Comcast 2015 Annual Report on Form 10-K\"}],\"order\":44,\"text\":\"Comcast 2015 Annual Report on Form 10-K\"},{\"bbox\":[793.0,2084.6,826.1,2103.3],\"lines\":[{\"bbox\":[793.0,2084.6,826.1,2103.3],\"text\":\"102\"}],\"order\":45,\"text\":\"102\"}],\"doc\":\"fintabnet:CMCSA_2015\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"Comcast Corporation\\n\\nNote 12: Postretirement, Pension and Other Employee Benefit Plans\\n\\nThe table below provides condensed information on our postretirement and pension benefit plans.\\n\\n2015\\n\\nYear ended December 31 (in millions)\\n\\n2013\\n\\nPension\\nBenefits\\n\\nPostretirement\\nBenefits\\n\\nPension\\nBenefits\\n\\nPostretirement\\nBenefits\\n\\nPension\\nBenefits\\n\\n$ 820\\n—\\n\\n$ 309\\n—\\n\\n$ 837\\n—\\n\\n$ 581\\n242\\n\\n$ 633\\n—\\n\\n$ 498\\n220\\n\\n(820)\\n\\n(309)\\n\\n(837)\\n\\n(339)\\n\\n(633)\\n\\n(278)\\n\\n(33)\\n75\\n\\n14\\n13\\n\\n46\\n59\\n\\n53\\n14\\n\\n(110)\\n65\\n\\n(3)\\n12\\n\\n5.00-5.25%\\nN/A\\n\\n4.50-5.25%\\n5.00%\\n\\nBenefit obligation\\nFair value of plan assets (a)\\nPlan funded status and recorded\\nbenefit obligation\\nPortion of benefit obligation not\\nyet recognized in benefits\\nexpense\\nBenefits expense\\n\\nDiscount rate\\nExpected return on plan assets\\n\\n2014\\n\\nPostretirement\\nBenefits\\n\\n4.70-4.73% 4.31-4.40%\\nN/A\\nN/A\\n\\n4.25% 3.75-4.25%\\nN/A\\n5.00%\\n\\n(a) The fair value of the plan assets are primarily based on Level 1 inputs that use quoted market prices for identical financial instruments in\\nan active market.\\n\\nPostretirement Benefit Plans\\nWe sponsor various benefit plans that provide postretirement benefits to eligible employees based on years of\\nservice. The Comcast Postretirement Healthcare Stipend Program (the “stipend plan”) provides an annual\\nstipend for reimbursement of healthcare costs to each eligible employee based on years of service. Under the\\nstipend plan, we are not exposed to the increasing costs of healthcare because the benefits are fixed at a\\npredetermined amount.\\n\\nNBCUniversal’s postretirement medical and life insurance plans provide continuous coverage to employees\\neligible to receive such benefits. A small number of eligible employees also participate in legacy plans of\\nacquired companies.\\n\\nAll of our postretirement benefit plans are unfunded and substantially all of our postretirement benefit obliga-\\ntions are recorded to noncurrent liabilities. The expense we recognize for our postretirement benefit plans is\\ndetermined using certain assumptions, including the discount rate.\\n\\nPension Plans\\n\\nNBCUniversal\\nNBCUniversal sponsors various qualified and nonqualified defined benefit plans for domestic employees for\\nwhich future benefits have been frozen since the beginning of 2013, therefore we did not recognize service\\ncosts related to our pension plans for the periods presented. The expense we recognize for our defined bene-\\nfit plans is determined using certain assumptions, including the discount rate and the expected long-term rate\\nof return on plan assets. We recognize the funded or unfunded status of our defined benefit plans as an asset\\nor liability in our consolidated balance sheet and recognize changes in the funded status in the year in which\\nthe changes occur in accumulated other comprehensive income (loss). In addition to the defined benefit plans\\nit sponsors, NBCUniversal is also obligated to reimburse GE for future benefit payments to those participants\\nwho were vested in the supplemental pension plan sponsored by GE at the time of the NBCUniversal trans-\\naction in 2011.\\n\\nIn September 2015, we settled all of our obligations related to the termination in December 2013 of the\\nNBCUniversal qualified pension plan. In connection with this final settlement, we fully funded the plan with an\\n\\nComcast 2015 Annual Report on Form 10-K\\n\\n102\",\"name\":\"fintabnet.CMCSA_2015_page_105__200dpi_heavy\",\"page_id\":\"fintabnet.CMCSA_2015_page_105\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.33,\"source\":\"fintabnet\",\"source_id\":\"CMCSA_2015_page_105\",\"stack\":[{\"deg\":-2.33,\"op\":\"skew\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":6.067,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.47},{\"gain\":0.637,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.005,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[236.7,333.7,1526.9,851.0],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36],\"cells\":null}],\"text\":\"Comcast Corporation\\n\\nNote 12: Postretirement, Pension and Other Employee Benefit Plans\\n\\nThe table below provides condensed information on our postretirement and pension benefit plans.\\n\\n2015\\n\\nYear ended December 31 (in millions)\\n\\n2013\\n\\nPension\\nBenefits\\n\\nPostretirement\\nBenefits\\n\\nPension\\nBenefits\\n\\nPostretirement\\nBenefits\\n\\nPension\\nBenefits\\n\\n$ 820\\n—\\n\\n$ 309\\n—\\n\\n$ 837\\n—\\n\\n$ 581\\n242\\n\\n$ 633\\n—\\n\\n$ 498\\n220\\n\\n(820)\\n\\n(309)\\n\\n(837)\\n\\n(339)\\n\\n(633)\\n\\n(278)\\n\\n(33)\\n75\\n\\n14\\n13\\n\\n46\\n59\\n\\n53\\n14\\n\\n(110)\\n65\\n\\n(3)\\n12\\n\\n5.00-5.25%\\nN/A\\n\\n4.50-5.25%\\n5.00%\\n\\nBenefit obligation\\nFair value of plan assets (a)\\nPlan funded status and recorded\\nbenefit obligation\\nPortion of benefit obligation not\\nyet recognized in benefits\\nexpense\\nBenefits expense\\n\\nDiscount rate\\nExpected return on plan assets\\n\\n2014\\n\\nPostretirement\\nBenefits\\n\\n4.70-4.73% 4.31-4.40%\\nN/A\\nN/A\\n\\n4.25% 3.75-4.25%\\nN/A\\n5.00%\\n\\n(a) The fair value of the plan assets are primarily based on Level 1 inputs that use quoted market prices for identical financial instruments in\\nan active market.\\n\\nPostretirement Benefit Plans\\nWe sponsor various benefit plans that provide postretirement benefits to eligible employees based on years of\\nservice. The Comcast Postretirement Healthcare Stipend Program (the “stipend plan”) provides an annual\\nstipend for reimbursement of healthcare costs to each eligible employee based on years of service. Under the\\nstipend plan, we are not exposed to the increasing costs of healthcare because the benefits are fixed at a\\npredetermined amount.\\n\\nNBCUniversal’s postretirement medical and life insurance plans provide continuous coverage to employees\\neligible to receive such benefits. A small number of eligible employees also participate in legacy plans of\\nacquired companies.\\n\\nAll of our postretirement benefit plans are unfunded and substantially all of our postretirement benefit obliga-\\ntions are recorded to noncurrent liabilities. The expense we recognize for our postretirement benefit plans is\\ndetermined using certain assumptions, including the discount rate.\\n\\nPension Plans\\n\\nNBCUniversal\\nNBCUniversal sponsors various qualified and nonqualified defined benefit plans for domestic employees for\\nwhich future benefits have been frozen since the beginning of 2013, therefore we did not recognize service\\ncosts related to our pension plans for the periods presented. The expense we recognize for our defined bene-\\nfit plans is determined using certain assumptions, including the discount rate and the expected long-term rate\\nof return on plan assets. We recognize the funded or unfunded status of our defined benefit plans as an asset\\nor liability in our consolidated balance sheet and recognize changes in the funded status in the year in which\\nthe changes occur in accumulated other comprehensive income (loss). In addition to the defined benefit plans\\nit sponsors, NBCUniversal is also obligated to reimburse GE for future benefit payments to those participants\\nwho were vested in the supplemental pension plan sponsored by GE at the time of the NBCUniversal trans-\\naction in 2011.\\n\\nIn September 2015, we settled all of our obligations related to the termination in December 2013 of the\\nNBCUniversal qualified pension plan. In connection with this final settlement, we fully funded the plan with an\\n\\nComcast 2015 Annual Report on Form 10-K\\n\\n102\"},\"name\":\"fintabnet.CMCSA_2015_page_105__200dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":93137,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:CMCSA_2015\",\"dpi\":200,\"gt_sha256\":\"b933c5d9f9e368b803aaf8326de3be661bc39644676b30f1883775be78a6241a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.CMCSA_2015_page_105__200dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.CMCSA_2015_page_105\",\"pdf_sha256\":\"8a857dde07e18b0b34b6201bfca0978a763d04fcd2ebdb324264c6a4dee428aa\",\"px\":[1700,2200],\"scan\":{\"render\":\"00001fe013f83aec38003bec3c043ffc3ffc3ffc31803ff83ffc3ffc3ff80000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"CMCSA_2015_page_105\",\"src\":{\"file_sha256\":\"28ddabe159c4a01da33b44672a35d105298f6cb2f7fc61708bbd39e7a70ff3f7\",\"render\":\"00003ff007f83bec38003bfc3ff83ffc38003fd830003ffc3ffc3ffc3df80000\",\"text\":\"7a017d953f5b17d0008b8f83616764b265733e4132cabf149bb7e5f166930ba5\"},\"stack\":[{\"deg\":-2.33,\"op\":\"skew\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":6.067,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.47},{\"gain\":0.637,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.005,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"8a857dde07e18b0b34b6201bfca0978a763d04fcd2ebdb324264c6a4dee428aa\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/8a857dde07e18b0b34b6201bfca0978a763d04fcd2ebdb324264c6a4dee428aa.pdf","asset_sha256":"8a857dde07e18b0b34b6201bfca0978a763d04fcd2ebdb324264c6a4dee428aa","document_id":"fintabnet:CMCSA_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMCSA_2015_page_105\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMCSA_2015_page_138\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:CMCSA_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[127.6,111.3,164.9,123.5],\"lines\":[{\"bbox\":[127.6,111.3,164.9,123.5],\"text\":\"10.47*\"}],\"order\":0,\"text\":\"10.47*\"},{\"bbox\":[186.9,113.5,752.6,179.5],\"lines\":[{\"bbox\":[188.1,113.5,752.5,145.0],\"text\":\"Employment Agreement between Comcast Corporation and David L. 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMCSA_2015_page_92\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:CMCSA_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[176.5,94.5,415.1,115.2],\"lines\":[{\"bbox\":[176.5,94.5,415.1,115.2],\"text\":\"Comcast Corporation\"}],\"order\":0,\"text\":\"Comcast Corporation\"},{\"bbox\":[175.6,168.0,565.9,192.1],\"lines\":[{\"bbox\":[175.6,168.0,565.9,192.1],\"text\":\"Note 6: Film and Television Costs\"}],\"order\":1,\"text\":\"Note 6: Film and Television Costs\"},{\"bbox\":[175.1,226.2,332.6,241.1],\"lines\":[{\"bbox\":[175.1,226.2,332.6,241.1],\"text\":\"December 31 (in millions)\"}],\"order\":2,\"text\":\"December 31 (in millions)\"},{\"bbox\":[173.8,258.6,464.4,360.0],\"lines\":[{\"bbox\":[174.7,258.6,265.1,276.6],\"text\":\"Film Costs:\"},{\"bbox\":[193.1,285.9,413.3,305.3],\"text\":\"Released, less amortization\"},{\"bbox\":[192.8,313.0,391.8,332.1],\"text\":\"Completed, not released\"},{\"bbox\":[192.6,340.1,463.5,360.0],\"text\":\"In production and in development\"}],\"order\":3,\"text\":\"Film Costs:\\nReleased, less amortization\\nCompleted, not released\\nIn production and in development\"},{\"bbox\":[984.7,235.0,1017.3,248.5],\"lines\":[{\"bbox\":[984.7,235.0,1017.3,248.5],\"text\":\"2015\"}],\"order\":4,\"text\":\"2015\"},{\"bbox\":[1080.0,236.0,1112.6,249.5],\"lines\":[{\"bbox\":[1080.0,236.0,1112.6,249.5],\"text\":\"2014\"}],\"order\":5,\"text\":\"2014\"},{\"bbox\":[954.0,294.2,1016.8,366.0],\"lines\":[{\"bbox\":[954.6,294.2,1016.8,311.8],\"text\":\"$ 1,275\"},{\"bbox\":[985.0,321.6,1016.4,338.9],\"text\":\"226\"},{\"bbox\":[984.7,348.7,1016.2,366.0],\"text\":\"907\"}],\"order\":6,\"text\":\"$ 1,275\\n226\\n907\"},{\"bbox\":[1049.3,295.2,1112.1,367.0],\"lines\":[{\"bbox\":[1049.9,295.2,1112.1,312.8],\"text\":\"$ 1,371\"},{\"bbox\":[1090.7,322.7,1111.7,339.9],\"text\":\"71\"},{\"bbox\":[1064.4,349.5,1111.5,367.0],\"text\":\"1,189\"}],\"order\":7,\"text\":\"$ 1,371\\n71\\n1,189\"},{\"bbox\":[968.7,383.9,1015.8,401.4],\"lines\":[{\"bbox\":[968.7,383.9,1015.8,401.4],\"text\":\"2,408\"}],\"order\":8,\"text\":\"2,408\"},{\"bbox\":[1064.0,384.9,1111.1,402.4],\"lines\":[{\"bbox\":[1064.0,384.9,1111.1,402.4],\"text\":\"2,631\"}],\"order\":9,\"text\":\"2,631\"},{\"bbox\":[172.5,402.4,462.8,476.6],\"lines\":[{\"bbox\":[173.1,402.4,309.3,420.8],\"text\":\"Television Costs:\"},{\"bbox\":[191.6,429.6,411.7,449.0],\"text\":\"Released, less amortization\"},{\"bbox\":[191.3,456.7,462.2,476.6],\"text\":\"In production and in development\"}],\"order\":10,\"text\":\"Television Costs:\\nReleased, less amortization\\nIn production and in development\"},{\"bbox\":[967.8,438.1,1015.2,482.6],\"lines\":[{\"bbox\":[968.1,438.1,1015.2,455.5],\"text\":\"1,573\"},{\"bbox\":[983.4,465.3,1014.9,482.6],\"text\":\"737\"}],\"order\":11,\"text\":\"1,573\\n737\"},{\"bbox\":[1063.1,439.1,1110.5,483.7],\"lines\":[{\"bbox\":[1063.4,439.1,1110.5,456.6],\"text\":\"1,273\"},{\"bbox\":[1078.7,466.4,1110.2,483.7],\"text\":\"505\"}],\"order\":12,\"text\":\"1,273\\n505\"},{\"bbox\":[171.9,519.0,476.6,539.3],\"lines\":[{\"bbox\":[171.9,519.0,476.6,539.3],\"text\":\"Programming rights, less amortization\"}],\"order\":13,\"text\":\"Programming rights, less amortization\"},{\"bbox\":[967.1,500.6,1014.5,545.1],\"lines\":[{\"bbox\":[967.4,500.6,1014.5,518.0],\"text\":\"2,310\"},{\"bbox\":[967.1,527.6,1014.2,545.1],\"text\":\"2,350\"}],\"order\":14,\"text\":\"2,310\\n2,350\"},{\"bbox\":[1062.4,501.6,1109.8,546.2],\"lines\":[{\"bbox\":[1062.7,501.6,1109.8,519.1],\"text\":\"1,778\"},{\"bbox\":[1062.4,528.7,1109.5,546.2],\"text\":\"2,157\"}],\"order\":15,\"text\":\"1,778\\n2,157\"},{\"bbox\":[171.2,581.5,525.7,602.3],\"lines\":[{\"bbox\":[171.2,581.5,525.7,602.3],\"text\":\"Less: Current portion of programming rights\"}],\"order\":16,\"text\":\"Less: Current portion of programming rights\"},{\"bbox\":[966.4,563.1,1013.8,607.6],\"lines\":[{\"bbox\":[966.7,563.1,1013.8,580.5],\"text\":\"7,068\"},{\"bbox\":[966.4,590.1,1013.5,607.6],\"text\":\"1,213\"}],\"order\":17,\"text\":\"7,068\\n1,213\"},{\"bbox\":[1061.8,564.1,1109.1,608.7],\"lines\":[{\"bbox\":[1062.0,564.1,1109.1,581.6],\"text\":\"6,566\"},{\"bbox\":[1077.4,591.3,1108.8,608.7],\"text\":\"839\"}],\"order\":18,\"text\":\"6,566\\n839\"},{\"bbox\":[951.0,625.4,1013.2,643.0],\"lines\":[{\"bbox\":[951.0,625.4,1013.2,643.0],\"text\":\"$ 5,855\"}],\"order\":19,\"text\":\"$ 5,855\"},{\"bbox\":[1046.3,626.4,1108.5,644.1],\"lines\":[{\"bbox\":[1046.3,626.4,1108.5,644.1],\"text\":\"$ 5,727\"}],\"order\":20,\"text\":\"$ 5,727\"},{\"bbox\":[170.8,616.9,384.7,636.2],\"lines\":[{\"bbox\":[170.8,616.9,384.7,636.2],\"text\":\"Film and television costs\"}],\"order\":21,\"text\":\"Film and television costs\"},{\"bbox\":[168.9,679.4,1107.8,814.9],\"lines\":[{\"bbox\":[170.1,679.4,1107.8,706.6],\"text\":\"Based on our current estimates of the total remaining gross revenue from all sources (“ultimate revenue”), in\"},{\"bbox\":[169.8,706.5,1107.4,733.6],\"text\":\"2016 we expect to amortize approximately $1.5 billion of film and television costs associated with our original\"},{\"bbox\":[169.5,733.6,1107.2,760.7],\"text\":\"film and television productions that have been released, or completed and not yet released. Through 2018,\"},{\"bbox\":[169.2,760.7,1106.8,787.8],\"text\":\"we expect to amortize approximately 87% of unamortized film and television costs for our released pro-\"},{\"bbox\":[168.9,787.7,677.3,810.2],\"text\":\"ductions, excluding amounts allocated to acquired libraries.\"}],\"order\":22,\"text\":\"Based on our current estimates of the total remaining gross revenue from all sources (“ultimate revenue”), in\\n2016 we expect to amortize approximately $1.5 billion of film and television costs associated with our original\\nfilm and television productions that have been released, or completed and not yet released. Through 2018,\\nwe expect to amortize approximately 87% of unamortized film and television costs for our released pro-\\nductions, excluding amounts allocated to acquired libraries.\"},{\"bbox\":[167.5,839.8,1106.1,948.2],\"lines\":[{\"bbox\":[168.4,839.8,1106.0,867.0],\"text\":\"As of December 31, 2015, acquired film and television libraries, which are included within the “released, less\"},{\"bbox\":[168.1,866.9,1105.7,894.0],\"text\":\"amortization” captions in the table above, had remaining unamortized costs of $449 million. These costs are\"},{\"bbox\":[167.8,894.0,1105.5,921.1],\"text\":\"generally amortized over a period not to exceed 20 years, and approximately 49% of these costs are\"},{\"bbox\":[167.5,921.1,513.2,941.8],\"text\":\"expected to be amortized through 2018.\"}],\"order\":23,\"text\":\"As of December 31, 2015, acquired film and television libraries, which are included within the “released, less\\namortization” captions in the table above, had remaining unamortized costs of $449 million. These costs are\\ngenerally amortized over a period not to exceed 20 years, and approximately 49% of these costs are\\nexpected to be amortized through 2018.\"},{\"bbox\":[163.7,973.0,1104.7,1298.2],\"lines\":[{\"bbox\":[166.9,973.0,574.3,993.7],\"text\":\"Capitalization of Film and Television Costs\"},{\"bbox\":[166.6,1000.2,1104.4,1027.4],\"text\":\"We capitalize film and television production costs, including direct costs, production overhead, print costs,\"},{\"bbox\":[166.3,1027.3,1104.0,1054.5],\"text\":\"development costs and interest. We amortize capitalized film and television production costs, including\"},{\"bbox\":[166.0,1054.4,1103.7,1081.5],\"text\":\"acquired libraries, and accrue costs associated with participation and residual payments to programming and\"},{\"bbox\":[165.8,1081.5,1103.3,1108.6],\"text\":\"production expenses. We generally record the amortization and the accrued costs using the individual film\"},{\"bbox\":[165.5,1108.5,1102.9,1135.7],\"text\":\"forecast computation method, which amortizes such costs in the same ratio as the associated ultimate rev-\"},{\"bbox\":[165.2,1135.6,1103.0,1162.8],\"text\":\"enue. Estimates of ultimate revenue and total costs are based on anticipated release patterns, public\"},{\"bbox\":[164.9,1162.7,1102.5,1189.9],\"text\":\"acceptance and historical results for similar productions. Unamortized film and television costs, including\"},{\"bbox\":[164.6,1189.8,1102.1,1216.9],\"text\":\"acquired film and television libraries, are stated at the lower of unamortized cost or fair value. We do not capi-\"},{\"bbox\":[164.3,1216.9,1101.9,1244.0],\"text\":\"talize costs related to the distribution of a film in movie theaters or the licensing or sale of a film or television\"},{\"bbox\":[164.0,1244.0,1101.6,1271.1],\"text\":\"production, which are primarily costs associated with the marketing and distribution of film and television\"},{\"bbox\":[163.7,1271.0,283.1,1289.3],\"text\":\"programming.\"}],\"order\":24,\"text\":\"Capitalization of Film and Television Costs\\nWe capitalize film and television production costs, including direct costs, production overhead, print costs,\\ndevelopment costs and interest. We amortize capitalized film and television production costs, including\\nacquired libraries, and accrue costs associated with participation and residual payments to programming and\\nproduction expenses. We generally record the amortization and the accrued costs using the individual film\\nforecast computation method, which amortizes such costs in the same ratio as the associated ultimate rev-\\nenue. Estimates of ultimate revenue and total costs are based on anticipated release patterns, public\\nacceptance and historical results for similar productions. Unamortized film and television costs, including\\nacquired film and television libraries, are stated at the lower of unamortized cost or fair value. We do not capi-\\ntalize costs related to the distribution of a film in movie theaters or the licensing or sale of a film or television\\nproduction, which are primarily costs associated with the marketing and distribution of film and television\\nprogramming.\"},{\"bbox\":[162.5,1323.1,1100.8,1404.4],\"lines\":[{\"bbox\":[163.1,1323.1,1100.8,1350.3],\"text\":\"In determining the estimated lives and method of amortization of acquired film and television libraries, we\"},{\"bbox\":[162.8,1350.2,1100.4,1377.3],\"text\":\"generally use the method and the life that most closely follow the undiscounted cash flows over the estimated\"},{\"bbox\":[162.5,1377.3,297.5,1395.7],\"text\":\"life of the asset.\"}],\"order\":25,\"text\":\"In determining the estimated lives and method of amortization of acquired film and television libraries, we\\ngenerally use the method and the life that most closely follow the undiscounted cash flows over the estimated\\nlife of the asset.\"},{\"bbox\":[621.2,1564.4,637.6,1577.7],\"lines\":[{\"bbox\":[621.2,1564.4,637.6,1577.7],\"text\":\"89\"}],\"order\":26,\"text\":\"89\"},{\"bbox\":[803.0,1566.4,1098.2,1582.8],\"lines\":[{\"bbox\":[803.0,1566.4,1098.2,1582.8],\"text\":\"Comcast 2015 Annual Report on Form 10-K\"}],\"order\":27,\"text\":\"Comcast 2015 Annual Report on Form 10-K\"}],\"doc\":\"fintabnet:CMCSA_2015\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Comcast Corporation\\n\\nNote 6: Film and Television Costs\\n\\nDecember 31 (in millions)\\n\\nFilm Costs:\\nReleased, less amortization\\nCompleted, not released\\nIn production and in development\\n\\n2015\\n\\n2014\\n\\n$ 1,275\\n226\\n907\\n\\n$ 1,371\\n71\\n1,189\\n\\n2,408\\n\\n2,631\\n\\nTelevision Costs:\\nReleased, less amortization\\nIn production and in development\\n\\n1,573\\n737\\n\\n1,273\\n505\\n\\nProgramming rights, less amortization\\n\\n2,310\\n2,350\\n\\n1,778\\n2,157\\n\\nLess: Current portion of programming rights\\n\\n7,068\\n1,213\\n\\n6,566\\n839\\n\\n$ 5,855\\n\\n$ 5,727\\n\\nFilm and television costs\\n\\nBased on our current estimates of the total remaining gross revenue from all sources (“ultimate revenue”), in\\n2016 we expect to amortize approximately $1.5 billion of film and television costs associated with our original\\nfilm and television productions that have been released, or completed and not yet released. Through 2018,\\nwe expect to amortize approximately 87% of unamortized film and television costs for our released pro-\\nductions, excluding amounts allocated to acquired libraries.\\n\\nAs of December 31, 2015, acquired film and television libraries, which are included within the “released, less\\namortization” captions in the table above, had remaining unamortized costs of $449 million. These costs are\\ngenerally amortized over a period not to exceed 20 years, and approximately 49% of these costs are\\nexpected to be amortized through 2018.\\n\\nCapitalization of Film and Television Costs\\nWe capitalize film and television production costs, including direct costs, production overhead, print costs,\\ndevelopment costs and interest. We amortize capitalized film and television production costs, including\\nacquired libraries, and accrue costs associated with participation and residual payments to programming and\\nproduction expenses. We generally record the amortization and the accrued costs using the individual film\\nforecast computation method, which amortizes such costs in the same ratio as the associated ultimate rev-\\nenue. Estimates of ultimate revenue and total costs are based on anticipated release patterns, public\\nacceptance and historical results for similar productions. Unamortized film and television costs, including\\nacquired film and television libraries, are stated at the lower of unamortized cost or fair value. We do not capi-\\ntalize costs related to the distribution of a film in movie theaters or the licensing or sale of a film or television\\nproduction, which are primarily costs associated with the marketing and distribution of film and television\\nprogramming.\\n\\nIn determining the estimated lives and method of amortization of acquired film and television libraries, we\\ngenerally use the method and the life that most closely follow the undiscounted cash flows over the estimated\\nlife of the asset.\\n\\n89\\n\\nComcast 2015 Annual Report on Form 10-K\",\"name\":\"fintabnet.CMCSA_2015_page_92__150dpi_mild\",\"page_id\":\"fintabnet.CMCSA_2015_page_92\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.622,\"source\":\"fintabnet\",\"source_id\":\"CMCSA_2015_page_92\",\"stack\":[{\"deg\":-0.622,\"op\":\"skew\"},{\"op\":\"jpeg\",\"q\":82}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[170.8,222.5,1112.7,644.6],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21],\"cells\":null},{\"bbox\":[170.8,222.5,1112.7,644.6],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21],\"cells\":null}],\"text\":\"Comcast Corporation\\n\\nNote 6: Film and Television Costs\\n\\nDecember 31 (in millions)\\n\\nFilm Costs:\\nReleased, less amortization\\nCompleted, not released\\nIn production and in development\\n\\n2015\\n\\n2014\\n\\n$ 1,275\\n226\\n907\\n\\n$ 1,371\\n71\\n1,189\\n\\n2,408\\n\\n2,631\\n\\nTelevision Costs:\\nReleased, less amortization\\nIn production and in development\\n\\n1,573\\n737\\n\\n1,273\\n505\\n\\nProgramming rights, less amortization\\n\\n2,310\\n2,350\\n\\n1,778\\n2,157\\n\\nLess: Current portion of programming rights\\n\\n7,068\\n1,213\\n\\n6,566\\n839\\n\\n$ 5,855\\n\\n$ 5,727\\n\\nFilm and television costs\\n\\nBased on our current estimates of the total remaining gross revenue from all sources (“ultimate revenue”), in\\n2016 we expect to amortize approximately $1.5 billion of film and television costs associated with our original\\nfilm and television productions that have been released, or completed and not yet released. Through 2018,\\nwe expect to amortize approximately 87% of unamortized film and television costs for our released pro-\\nductions, excluding amounts allocated to acquired libraries.\\n\\nAs of December 31, 2015, acquired film and television libraries, which are included within the “released, less\\namortization” captions in the table above, had remaining unamortized costs of $449 million. These costs are\\ngenerally amortized over a period not to exceed 20 years, and approximately 49% of these costs are\\nexpected to be amortized through 2018.\\n\\nCapitalization of Film and Television Costs\\nWe capitalize film and television production costs, including direct costs, production overhead, print costs,\\ndevelopment costs and interest. We amortize capitalized film and television production costs, including\\nacquired libraries, and accrue costs associated with participation and residual payments to programming and\\nproduction expenses. We generally record the amortization and the accrued costs using the individual film\\nforecast computation method, which amortizes such costs in the same ratio as the associated ultimate rev-\\nenue. Estimates of ultimate revenue and total costs are based on anticipated release patterns, public\\nacceptance and historical results for similar productions. Unamortized film and television costs, including\\nacquired film and television libraries, are stated at the lower of unamortized cost or fair value. We do not capi-\\ntalize costs related to the distribution of a film in movie theaters or the licensing or sale of a film or television\\nproduction, which are primarily costs associated with the marketing and distribution of film and television\\nprogramming.\\n\\nIn determining the estimated lives and method of amortization of acquired film and television libraries, we\\ngenerally use the method and the life that most closely follow the undiscounted cash flows over the estimated\\nlife of the asset.\\n\\n89\\n\\nComcast 2015 Annual Report on Form 10-K\"},\"name\":\"fintabnet.CMCSA_2015_page_92__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":265884,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:CMCSA_2015\",\"dpi\":150,\"gt_sha256\":\"2c08dcaca975b1fbfee44adc1c6ecefa70f78cba114cbddd8ba33c6c66f95dfa\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.CMCSA_2015_page_92__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.CMCSA_2015_page_92\",\"pdf_sha256\":\"b75138418466aab6c2f893603ce585428a4d87c2cd9b4d599cf44c2d0fe91709\",\"px\":[1275,1650],\"scan\":{\"render\":\"00003e003808380c3c0c3e0c3ffc3ffc3ffc3e003ffc3ffc3ffc309c00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"CMCSA_2015_page_92\",\"src\":{\"file_sha256\":\"ad21829ec9872e4d75b24374b5f66093bd1a84b5dbb493642d0783e853a603ec\",\"render\":\"00003e00380c3c0c3c0c3ffc3ffc3ff83ffc3e003ffc3ffc3ffc300000000000\",\"text\":\"55f8c7cbdfda22390cd7f1bb058828ffbd33ed21dd5a3cdf778fe770a45fac47\"},\"stack\":[{\"deg\":-0.622,\"op\":\"skew\"},{\"op\":\"jpeg\",\"q\":82}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b75138418466aab6c2f893603ce585428a4d87c2cd9b4d599cf44c2d0fe91709\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b75138418466aab6c2f893603ce585428a4d87c2cd9b4d599cf44c2d0fe91709.pdf","asset_sha256":"b75138418466aab6c2f893603ce585428a4d87c2cd9b4d599cf44c2d0fe91709","document_id":"fintabnet:CMCSA_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMCSA_2015_page_92\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CME_2012_page_58\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:CME_2012\",\"ground_truth\":{\"blocks\":[{\"bbox\":[411.7,81.8,718.9,283.4],\"lines\":[{\"bbox\":[411.7,81.8,711.9,106.3],\"text\":\"In 2011 when compared with 2010, an overall\"},{\"bbox\":[412.4,97.9,712.6,122.4],\"text\":\"increase in volatility contributed to higher equity\"},{\"bbox\":[413.0,114.0,713.2,138.5],\"text\":\"contract volume. We believe the periods of high\"},{\"bbox\":[413.6,130.1,713.8,154.6],\"text\":\"volatility within the equity markets during the third\"},{\"bbox\":[414.3,146.2,714.5,170.7],\"text\":\"quarter of 2011 were attributable to the downgrade of\"},{\"bbox\":[414.9,162.3,715.1,186.8],\"text\":\"the United States credit rating and the continuation of\"},{\"bbox\":[415.5,178.4,715.7,202.9],\"text\":\"the sovereign debt crisis in Europe. In general, equity\"},{\"bbox\":[416.2,194.5,716.4,219.0],\"text\":\"products such as the E-mini NASDAQ contracts that\"},{\"bbox\":[416.8,210.6,717.0,235.1],\"text\":\"hedge market risks different than those of the E-mini\"},{\"bbox\":[417.4,226.7,717.7,251.2],\"text\":\"S&P 500, our most liquid equity product, do not tend\"},{\"bbox\":[418.1,242.8,718.2,267.3],\"text\":\"to benefit from macro-level events or increased\"},{\"bbox\":[418.7,264.5,577.2,283.4],\"text\":\"volatility to the same extent.\"}],\"order\":0,\"text\":\"In 2011 when compared with 2010, an overall\\nincrease in volatility contributed to higher equity\\ncontract volume. We believe the periods of high\\nvolatility within the equity markets during the third\\nquarter of 2011 were attributable to the downgrade of\\nthe United States credit rating and the continuation of\\nthe sovereign debt crisis in Europe. In general, equity\\nproducts such as the E-mini NASDAQ contracts that\\nhedge market risks different than those of the E-mini\\nS&P 500, our most liquid equity product, do not tend\\nto benefit from macro-level events or increased\\nvolatility to the same extent.\"},{\"bbox\":[78.7,95.0,384.0,249.4],\"lines\":[{\"bbox\":[78.7,95.0,378.9,119.5],\"text\":\"The decrease in equity contract volume in 2012 when\"},{\"bbox\":[79.3,111.3,379.6,135.8],\"text\":\"compared with 2011 was due to a decline in equity\"},{\"bbox\":[79.9,127.5,380.2,152.0],\"text\":\"market volatility, as measured by the CBOE Volatility\"},{\"bbox\":[80.6,143.8,380.8,168.2],\"text\":\"Index. The decline in volatility was the result of few\"},{\"bbox\":[81.2,170.9,104.6,184.5],\"text\":\"new\"},{\"bbox\":[125.5,167.0,202.3,182.7],\"text\":\"developments\"},{\"bbox\":[223.1,165.8,234.3,178.9],\"text\":\"in\"},{\"bbox\":[255.1,164.3,272.4,177.6],\"text\":\"the\"},{\"bbox\":[293.2,160.0,381.5,176.1],\"text\":\"macroeconomic\"},{\"bbox\":[81.9,176.2,382.1,200.7],\"text\":\"environment within the United States and European\"},{\"bbox\":[82.5,192.5,382.8,217.0],\"text\":\"markets. We believe a decline in assets under\"},{\"bbox\":[83.1,208.7,383.4,233.2],\"text\":\"management also contributed to a decrease in volume\"},{\"bbox\":[83.8,229.1,279.1,249.4],\"text\":\"in 2012 when compared with 2011.\"}],\"order\":1,\"text\":\"The decrease in equity contract volume in 2012 when\\ncompared with 2011 was due to a decline in equity\\nmarket volatility, as measured by the CBOE Volatility\\nIndex. The decline in volatility was the result of few\\nnew\\ndevelopments\\nin\\nthe\\nmacroeconomic\\nenvironment within the United States and European\\nmarkets. We believe a decline in assets under\\nmanagement also contributed to a decrease in volume\\nin 2012 when compared with 2011.\"},{\"bbox\":[87.1,315.8,244.2,334.5],\"lines\":[{\"bbox\":[87.1,315.8,244.2,334.5],\"text\":\"Foreign Exchange Products\"}],\"order\":2,\"text\":\"Foreign Exchange Products\"},{\"bbox\":[88.0,324.9,610.8,358.2],\"lines\":[{\"bbox\":[88.0,324.9,610.8,358.2],\"text\":\"The following table summarizes average daily volume for our key foreign exchange products.\"}],\"order\":3,\"text\":\"The following table summarizes average daily volume for our key foreign exchange products.\"},{\"bbox\":[89.7,384.5,201.1,398.9],\"lines\":[{\"bbox\":[89.7,384.5,201.1,398.9],\"text\":\"(amounts in thousands)\"}],\"order\":4,\"text\":\"(amounts in thousands)\"},{\"bbox\":[487.6,372.3,510.2,383.2],\"lines\":[{\"bbox\":[487.6,372.3,510.2,383.2],\"text\":\"2012\"}],\"order\":5,\"text\":\"2012\"},{\"bbox\":[523.7,370.9,546.3,381.8],\"lines\":[{\"bbox\":[523.7,370.9,546.3,381.8],\"text\":\"2011\"}],\"order\":6,\"text\":\"2011\"},{\"bbox\":[559.8,369.5,582.4,380.4],\"lines\":[{\"bbox\":[559.8,369.5,582.4,380.4],\"text\":\"2010\"}],\"order\":7,\"text\":\"2010\"},{\"bbox\":[90.5,392.6,477.4,481.5],\"lines\":[{\"bbox\":[90.5,392.6,475.0,420.4],\"text\":\"Euro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[91.1,407.9,475.6,435.7],\"text\":\"Australian dollar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[91.7,423.1,476.2,450.9],\"text\":\"British pound . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[92.3,438.4,476.8,466.2],\"text\":\"Japanese yen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[92.9,453.7,477.4,481.5],\"text\":\"Canadian dollar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":8,\"text\":\"Euro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAustralian dollar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBritish pound . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nJapanese yen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCanadian dollar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[489.1,391.2,512.8,465.8],\"lines\":[{\"bbox\":[489.1,391.2,510.4,404.7],\"text\":\"290\"},{\"bbox\":[489.7,406.5,511.0,420.0],\"text\":\"134\"},{\"bbox\":[490.3,421.7,511.6,435.3],\"text\":\"106\"},{\"bbox\":[497.8,437.0,512.2,450.3],\"text\":\"99\"},{\"bbox\":[498.4,452.3,512.8,465.5],\"text\":\"93\"}],\"order\":9,\"text\":\"290\\n134\\n106\\n99\\n93\"},{\"bbox\":[525.2,389.8,548.9,464.4],\"lines\":[{\"bbox\":[525.2,389.8,546.5,403.3],\"text\":\"357\"},{\"bbox\":[525.8,405.1,547.1,418.6],\"text\":\"126\"},{\"bbox\":[526.4,420.3,547.7,433.9],\"text\":\"118\"},{\"bbox\":[527.0,435.6,548.3,449.1],\"text\":\"118\"},{\"bbox\":[534.5,450.9,548.9,464.1],\"text\":\"92\"}],\"order\":10,\"text\":\"357\\n126\\n118\\n118\\n92\"},{\"bbox\":[561.2,388.4,585.0,463.0],\"lines\":[{\"bbox\":[561.2,388.4,582.6,401.9],\"text\":\"367\"},{\"bbox\":[561.8,403.6,583.2,417.2],\"text\":\"105\"},{\"bbox\":[562.4,418.9,583.8,432.4],\"text\":\"124\"},{\"bbox\":[563.0,434.2,584.4,447.7],\"text\":\"131\"},{\"bbox\":[570.6,449.4,585.0,462.7],\"text\":\"91\"}],\"order\":11,\"text\":\"367\\n105\\n124\\n131\\n91\"},{\"bbox\":[94.1,486.9,403.9,754.9],\"lines\":[{\"bbox\":[94.1,486.9,394.2,511.4],\"text\":\"The overall decrease in foreign exchange contract\"},{\"bbox\":[94.7,503.1,395.0,527.6],\"text\":\"volume in 2012 when compared with 2011 was\"},{\"bbox\":[95.3,519.4,395.5,543.9],\"text\":\"attributable primarily to the decline in euro contract\"},{\"bbox\":[96.0,535.6,396.1,560.1],\"text\":\"volume. We believe trading activity in euro contracts\"},{\"bbox\":[96.6,551.8,396.9,576.3],\"text\":\"was impacted by the lack of a directional trend due to\"},{\"bbox\":[97.3,568.1,397.5,592.6],\"text\":\"uncertainty related to the health of the European\"},{\"bbox\":[97.9,584.3,398.1,608.8],\"text\":\"Union and concern regarding additional economic\"},{\"bbox\":[98.5,600.6,398.7,625.0],\"text\":\"stimulus provided by the Federal Reserve. The lack\"},{\"bbox\":[99.2,616.8,399.3,641.3],\"text\":\"of a trend has reduced trading in euro contracts\"},{\"bbox\":[99.8,633.0,400.0,657.5],\"text\":\"among customers who trade based on medium- to\"},{\"bbox\":[100.4,649.3,400.6,673.8],\"text\":\"long-term expectations. We believe th uncertainty\"},{\"bbox\":[101.1,665.5,401.3,690.0],\"text\":\"with the European Union also contributed to a\"},{\"bbox\":[101.7,681.7,402.0,706.2],\"text\":\"decline in British pound contract volume in 2012\"},{\"bbox\":[102.4,698.0,402.5,722.5],\"text\":\"when compared with 2011 because the British\"},{\"bbox\":[103.0,714.2,403.2,738.7],\"text\":\"economy is closely tied to the European Union. We\"},{\"bbox\":[103.6,730.5,403.9,754.9],\"text\":\"believe that intervention by the Japanese central bank\"}],\"order\":12,\"text\":\"The overall decrease in foreign exchange contract\\nvolume in 2012 when compared with 2011 was\\nattributable primarily to the decline in euro contract\\nvolume. We believe trading activity in euro contracts\\nwas impacted by the lack of a directional trend due to\\nuncertainty related to the health of the European\\nUnion and concern regarding additional economic\\nstimulus provided by the Federal Reserve. The lack\\nof a trend has reduced trading in euro contracts\\namong customers who trade based on medium- to\\nlong-term expectations. We believe th uncertainty\\nwith the European Union also contributed to a\\ndecline in British pound contract volume in 2012\\nwhen compared with 2011 because the British\\neconomy is closely tied to the European Union. We\\nbelieve that intervention by the Japanese central bank\"},{\"bbox\":[599.4,347.5,718.8,378.8],\"lines\":[{\"bbox\":[601.3,347.5,716.1,362.1],\"text\":\"Year-over-Year Change\"},{\"bbox\":[600.0,366.9,648.5,378.8],\"text\":\"2012-2011\"},{\"bbox\":[670.3,364.1,718.8,376.0],\"text\":\"2011-2010\"}],\"order\":13,\"text\":\"Year-over-Year Change\\n2012-2011\\n2011-2010\"},{\"bbox\":[615.6,385.7,653.2,460.8],\"lines\":[{\"bbox\":[615.6,385.7,650.8,399.8],\"text\":\"(19)%\"},{\"bbox\":[627.8,401.6,635.2,414.6],\"text\":\"7\"},{\"bbox\":[616.8,416.7,640.4,430.3],\"text\":\"(10)\"},{\"bbox\":[617.4,432.0,641.0,445.6],\"text\":\"(16)\"},{\"bbox\":[629.6,447.4,637.0,460.4],\"text\":\"1\"}],\"order\":14,\"text\":\"(19)%\\n7\\n(10)\\n(16)\\n1\"},{\"bbox\":[685.9,382.9,723.4,458.1],\"lines\":[{\"bbox\":[692.8,382.9,721.0,396.7],\"text\":\"(3)%\"},{\"bbox\":[691.1,398.8,705.5,412.1],\"text\":\"20\"},{\"bbox\":[694.0,413.9,710.7,427.3],\"text\":\"(5)\"},{\"bbox\":[687.7,429.2,711.3,442.8],\"text\":\"(10)\"},{\"bbox\":[699.9,444.6,707.3,457.6],\"text\":\"1\"}],\"order\":15,\"text\":\"(3)%\\n20\\n(5)\\n(10)\\n1\"},{\"bbox\":[427.1,473.8,729.9,563.2],\"lines\":[{\"bbox\":[427.1,473.8,727.4,498.3],\"text\":\"to control the yen foreign exchange rate beginning in\"},{\"bbox\":[427.8,490.0,728.0,514.5],\"text\":\"mid-2011 through 2012 caused market participants to\"},{\"bbox\":[428.4,506.3,728.7,530.8],\"text\":\"reduce their trading in Japanese yen contracts and to\"},{\"bbox\":[429.1,522.5,729.3,547.0],\"text\":\"focus on higher yielding currencies, such as the\"},{\"bbox\":[429.7,543.4,612.3,563.2],\"text\":\"Australian and Canadian dollars.\"}],\"order\":16,\"text\":\"to control the yen foreign exchange rate beginning in\\nmid-2011 through 2012 caused market participants to\\nreduce their trading in Japanese yen contracts and to\\nfocus on higher yielding currencies, such as the\\nAustralian and Canadian dollars.\"},{\"bbox\":[431.0,571.6,737.0,742.3],\"lines\":[{\"bbox\":[431.0,571.6,731.2,596.1],\"text\":\"In 2011 when compared with 2010, foreign exchange\"},{\"bbox\":[431.6,587.9,731.9,612.4],\"text\":\"contract volume remained at a consistent level. We\"},{\"bbox\":[432.3,604.1,732.5,628.6],\"text\":\"believe that intervention by the Japanese central bank\"},{\"bbox\":[432.9,620.4,733.2,644.8],\"text\":\"to control the yen foreign exchange rate and\"},{\"bbox\":[433.5,636.6,733.8,661.1],\"text\":\"uncertainty about the Euro as a result of the European\"},{\"bbox\":[434.2,652.8,734.4,677.3],\"text\":\"sovereign debt crisis caused the market to move to\"},{\"bbox\":[434.8,669.1,735.0,693.6],\"text\":\"safe haven currencies, such as the Australian dollar\"},{\"bbox\":[435.4,685.3,735.7,709.8],\"text\":\"and the Canadian dollar. As a result, Euro and\"},{\"bbox\":[436.1,701.5,736.3,726.0],\"text\":\"Japanese yen contract volume decreased while\"},{\"bbox\":[436.7,721.8,635.6,742.3],\"text\":\"Australian dollar volume increased.\"}],\"order\":17,\"text\":\"In 2011 when compared with 2010, foreign exchange\\ncontract volume remained at a consistent level. We\\nbelieve that intervention by the Japanese central bank\\nto control the yen foreign exchange rate and\\nuncertainty about the Euro as a result of the European\\nsovereign debt crisis caused the market to move to\\nsafe haven currencies, such as the Australian dollar\\nand the Canadian dollar. As a result, Euro and\\nJapanese yen contract volume decreased while\\nAustralian dollar volume increased.\"},{\"bbox\":[105.1,773.0,295.4,793.0],\"lines\":[{\"bbox\":[105.1,773.0,295.4,793.0],\"text\":\"Agricultural Commodity Products\"}],\"order\":18,\"text\":\"Agricultural Commodity Products\"},{\"bbox\":[106.1,782.0,663.8,816.6],\"lines\":[{\"bbox\":[106.1,782.0,663.8,816.6],\"text\":\"The following table summarizes average daily volume for our key agricultural commodity products.\"}],\"order\":19,\"text\":\"The following table summarizes average daily volume for our key agricultural commodity products.\"},{\"bbox\":[107.8,842.9,219.1,857.3],\"lines\":[{\"bbox\":[107.8,842.9,219.1,857.3],\"text\":\"(amounts in thousands)\"}],\"order\":20,\"text\":\"(amounts in thousands)\"},{\"bbox\":[506.5,830.7,529.1,841.7],\"lines\":[{\"bbox\":[506.5,830.7,529.1,841.7],\"text\":\"2012\"}],\"order\":21,\"text\":\"2012\"},{\"bbox\":[542.6,829.3,565.2,840.2],\"lines\":[{\"bbox\":[542.6,829.3,565.2,840.2],\"text\":\"2011\"}],\"order\":22,\"text\":\"2011\"},{\"bbox\":[578.7,827.9,601.3,838.8],\"lines\":[{\"bbox\":[578.7,827.9,601.3,838.8],\"text\":\"2010\"}],\"order\":23,\"text\":\"2010\"},{\"bbox\":[108.5,851.0,495.7,924.7],\"lines\":[{\"bbox\":[108.5,851.0,493.9,878.9],\"text\":\"Corn . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[109.1,866.3,494.5,894.1],\"text\":\"Soybean . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[109.7,881.5,495.1,909.4],\"text\":\"Wheat (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[110.3,896.8,495.7,924.7],\"text\":\"Soybean Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":24,\"text\":\"Corn . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSoybean . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWheat (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSoybean Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[508.0,849.6,531.1,909.0],\"lines\":[{\"bbox\":[508.0,849.6,529.3,863.2],\"text\":\"392\"},{\"bbox\":[508.6,864.9,529.9,878.4],\"text\":\"278\"},{\"bbox\":[509.2,880.2,530.5,893.7],\"text\":\"129\"},{\"bbox\":[509.8,895.4,531.1,909.0],\"text\":\"118\"}],\"order\":25,\"text\":\"392\\n278\\n129\\n118\"},{\"bbox\":[544.1,848.2,567.2,907.6],\"lines\":[{\"bbox\":[544.1,848.2,565.4,861.8],\"text\":\"426\"},{\"bbox\":[544.7,863.5,566.0,877.0],\"text\":\"232\"},{\"bbox\":[545.3,878.8,566.6,892.3],\"text\":\"115\"},{\"bbox\":[545.9,894.0,567.2,907.6],\"text\":\"105\"}],\"order\":26,\"text\":\"426\\n232\\n115\\n105\"},{\"bbox\":[580.2,846.8,603.3,906.1],\"lines\":[{\"bbox\":[580.2,846.8,601.5,860.3],\"text\":\"358\"},{\"bbox\":[580.8,862.1,602.1,875.6],\"text\":\"186\"},{\"bbox\":[581.4,877.3,602.7,890.9],\"text\":\"109\"},{\"bbox\":[588.9,892.6,603.3,905.9],\"text\":\"89\"}],\"order\":27,\"text\":\"358\\n186\\n109\\n89\"},{\"bbox\":[617.8,805.9,736.9,837.3],\"lines\":[{\"bbox\":[619.8,806.0,734.6,820.5],\"text\":\"Year-over-Year Change\"},{\"bbox\":[618.5,825.3,667.0,837.3],\"text\":\"2012-2011\"},{\"bbox\":[688.4,822.6,736.9,834.5],\"text\":\"2011-2010\"}],\"order\":28,\"text\":\"Year-over-Year Change\\n2012-2011\\n2011-2010\"},{\"bbox\":[636.4,844.2,668.7,903.9],\"lines\":[{\"bbox\":[638.6,844.2,666.9,858.0],\"text\":\"(8)%\"},{\"bbox\":[637.0,860.1,651.3,873.4],\"text\":\"20\"},{\"bbox\":[637.6,875.4,651.9,888.7],\"text\":\"12\"},{\"bbox\":[638.2,890.7,652.5,903.9],\"text\":\"12\"}],\"order\":29,\"text\":\"(8)%\\n20\\n12\\n12\"},{\"bbox\":[706.2,841.7,734.0,901.2],\"lines\":[{\"bbox\":[706.2,841.7,732.2,855.4],\"text\":\"19%\"},{\"bbox\":[706.8,857.4,721.2,870.7],\"text\":\"25\"},{\"bbox\":[714.4,872.7,721.8,885.6],\"text\":\"5\"},{\"bbox\":[708.0,887.9,722.4,901.2],\"text\":\"18\"}],\"order\":30,\"text\":\"19%\\n25\\n5\\n18\"},{\"bbox\":[111.4,914.9,745.3,969.1],\"lines\":[{\"bbox\":[111.4,914.9,744.7,952.4],\"text\":\"(1) Wheat contract volume does not include volume for KCBT’s hard red winter wheat products. The average\"},{\"bbox\":[139.8,934.3,673.4,968.0],\"text\":\"daily volume for KCBT’s agricultural commodity contracts was 16,100 during December 2012.\"}],\"order\":31,\"text\":\"(1) Wheat contract volume does not include volume for KCBT’s hard red winter wheat products. The average\\ndaily volume for KCBT’s agricultural commodity contracts was 16,100 during December 2012.\"},{\"bbox\":[422.8,977.2,437.2,990.4],\"lines\":[{\"bbox\":[422.8,977.2,437.2,990.4],\"text\":\"48\"}],\"order\":32,\"text\":\"48\"}],\"doc\":\"fintabnet:CME_2012\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"In 2011 when compared with 2010, an overall\\nincrease in volatility contributed to higher equity\\ncontract volume. We believe the periods of high\\nvolatility within the equity markets during the third\\nquarter of 2011 were attributable to the downgrade of\\nthe United States credit rating and the continuation of\\nthe sovereign debt crisis in Europe. In general, equity\\nproducts such as the E-mini NASDAQ contracts that\\nhedge market risks different than those of the E-mini\\nS&P 500, our most liquid equity product, do not tend\\nto benefit from macro-level events or increased\\nvolatility to the same extent.\\n\\nThe decrease in equity contract volume in 2012 when\\ncompared with 2011 was due to a decline in equity\\nmarket volatility, as measured by the CBOE Volatility\\nIndex. The decline in volatility was the result of few\\nnew\\ndevelopments\\nin\\nthe\\nmacroeconomic\\nenvironment within the United States and European\\nmarkets. We believe a decline in assets under\\nmanagement also contributed to a decrease in volume\\nin 2012 when compared with 2011.\\n\\nForeign Exchange Products\\n\\nThe following table summarizes average daily volume for our key foreign exchange products.\\n\\n(amounts in thousands)\\n\\n2012\\n\\n2011\\n\\n2010\\n\\nEuro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAustralian dollar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBritish pound . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nJapanese yen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCanadian dollar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n290\\n134\\n106\\n99\\n93\\n\\n357\\n126\\n118\\n118\\n92\\n\\n367\\n105\\n124\\n131\\n91\\n\\nThe overall decrease in foreign exchange contract\\nvolume in 2012 when compared with 2011 was\\nattributable primarily to the decline in euro contract\\nvolume. We believe trading activity in euro contracts\\nwas impacted by the lack of a directional trend due to\\nuncertainty related to the health of the European\\nUnion and concern regarding additional economic\\nstimulus provided by the Federal Reserve. The lack\\nof a trend has reduced trading in euro contracts\\namong customers who trade based on medium- to\\nlong-term expectations. We believe th uncertainty\\nwith the European Union also contributed to a\\ndecline in British pound contract volume in 2012\\nwhen compared with 2011 because the British\\neconomy is closely tied to the European Union. We\\nbelieve that intervention by the Japanese central bank\\n\\nYear-over-Year Change\\n2012-2011\\n2011-2010\\n\\n(19)%\\n7\\n(10)\\n(16)\\n1\\n\\n(3)%\\n20\\n(5)\\n(10)\\n1\\n\\nto control the yen foreign exchange rate beginning in\\nmid-2011 through 2012 caused market participants to\\nreduce their trading in Japanese yen contracts and to\\nfocus on higher yielding currencies, such as the\\nAustralian and Canadian dollars.\\n\\nIn 2011 when compared with 2010, foreign exchange\\ncontract volume remained at a consistent level. We\\nbelieve that intervention by the Japanese central bank\\nto control the yen foreign exchange rate and\\nuncertainty about the Euro as a result of the European\\nsovereign debt crisis caused the market to move to\\nsafe haven currencies, such as the Australian dollar\\nand the Canadian dollar. As a result, Euro and\\nJapanese yen contract volume decreased while\\nAustralian dollar volume increased.\\n\\nAgricultural Commodity Products\\n\\nThe following table summarizes average daily volume for our key agricultural commodity products.\\n\\n(amounts in thousands)\\n\\n2012\\n\\n2011\\n\\n2010\\n\\nCorn . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSoybean . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWheat (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSoybean Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n392\\n278\\n129\\n118\\n\\n426\\n232\\n115\\n105\\n\\n358\\n186\\n109\\n89\\n\\nYear-over-Year Change\\n2012-2011\\n2011-2010\\n\\n(8)%\\n20\\n12\\n12\\n\\n19%\\n25\\n5\\n18\\n\\n(1) Wheat contract volume does not include volume for KCBT’s hard red winter wheat products. The average\\ndaily volume for KCBT’s agricultural commodity contracts was 16,100 during December 2012.\\n\\n48\",\"name\":\"fintabnet.CME_2012_page_58__100dpi_heavy\",\"page_id\":\"fintabnet.CME_2012_page_58\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.25,\"source\":\"fintabnet\",\"source_id\":\"CME_2012_page_58\",\"stack\":[{\"deg\":2.25,\"op\":\"skew\"},{\"amp\":0.197,\"angle\":6.8,\"blob\":0.695,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.745},{\"op\":\"noise\",\"sigma\":13.935},{\"gain\":0.542,\"op\":\"contrast\"},{\"bias\":0.102,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":21}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[89.0,344.8,723.4,481.5],\"block_orders\":[4,5,6,7,8,9,10,11,13,14,15],\"cells\":null},{\"bbox\":[107.0,803.4,739.5,924.7],\"block_orders\":[20,21,22,23,24,25,26,27,28,29,30],\"cells\":null}],\"text\":\"In 2011 when compared with 2010, an overall\\nincrease in volatility contributed to higher equity\\ncontract volume. We believe the periods of high\\nvolatility within the equity markets during the third\\nquarter of 2011 were attributable to the downgrade of\\nthe United States credit rating and the continuation of\\nthe sovereign debt crisis in Europe. In general, equity\\nproducts such as the E-mini NASDAQ contracts that\\nhedge market risks different than those of the E-mini\\nS&P 500, our most liquid equity product, do not tend\\nto benefit from macro-level events or increased\\nvolatility to the same extent.\\n\\nThe decrease in equity contract volume in 2012 when\\ncompared with 2011 was due to a decline in equity\\nmarket volatility, as measured by the CBOE Volatility\\nIndex. The decline in volatility was the result of few\\nnew\\ndevelopments\\nin\\nthe\\nmacroeconomic\\nenvironment within the United States and European\\nmarkets. We believe a decline in assets under\\nmanagement also contributed to a decrease in volume\\nin 2012 when compared with 2011.\\n\\nForeign Exchange Products\\n\\nThe following table summarizes average daily volume for our key foreign exchange products.\\n\\n(amounts in thousands)\\n\\n2012\\n\\n2011\\n\\n2010\\n\\nEuro . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAustralian dollar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBritish pound . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nJapanese yen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCanadian dollar . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n290\\n134\\n106\\n99\\n93\\n\\n357\\n126\\n118\\n118\\n92\\n\\n367\\n105\\n124\\n131\\n91\\n\\nThe overall decrease in foreign exchange contract\\nvolume in 2012 when compared with 2011 was\\nattributable primarily to the decline in euro contract\\nvolume. We believe trading activity in euro contracts\\nwas impacted by the lack of a directional trend due to\\nuncertainty related to the health of the European\\nUnion and concern regarding additional economic\\nstimulus provided by the Federal Reserve. The lack\\nof a trend has reduced trading in euro contracts\\namong customers who trade based on medium- to\\nlong-term expectations. We believe th uncertainty\\nwith the European Union also contributed to a\\ndecline in British pound contract volume in 2012\\nwhen compared with 2011 because the British\\neconomy is closely tied to the European Union. We\\nbelieve that intervention by the Japanese central bank\\n\\nYear-over-Year Change\\n2012-2011\\n2011-2010\\n\\n(19)%\\n7\\n(10)\\n(16)\\n1\\n\\n(3)%\\n20\\n(5)\\n(10)\\n1\\n\\nto control the yen foreign exchange rate beginning in\\nmid-2011 through 2012 caused market participants to\\nreduce their trading in Japanese yen contracts and to\\nfocus on higher yielding currencies, such as the\\nAustralian and Canadian dollars.\\n\\nIn 2011 when compared with 2010, foreign exchange\\ncontract volume remained at a consistent level. We\\nbelieve that intervention by the Japanese central bank\\nto control the yen foreign exchange rate and\\nuncertainty about the Euro as a result of the European\\nsovereign debt crisis caused the market to move to\\nsafe haven currencies, such as the Australian dollar\\nand the Canadian dollar. As a result, Euro and\\nJapanese yen contract volume decreased while\\nAustralian dollar volume increased.\\n\\nAgricultural Commodity Products\\n\\nThe following table summarizes average daily volume for our key agricultural commodity products.\\n\\n(amounts in thousands)\\n\\n2012\\n\\n2011\\n\\n2010\\n\\nCorn . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSoybean . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWheat (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSoybean Oil . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n392\\n278\\n129\\n118\\n\\n426\\n232\\n115\\n105\\n\\n358\\n186\\n109\\n89\\n\\nYear-over-Year Change\\n2012-2011\\n2011-2010\\n\\n(8)%\\n20\\n12\\n12\\n\\n19%\\n25\\n5\\n18\\n\\n(1) Wheat contract volume does not include volume for KCBT’s hard red winter wheat products. The average\\ndaily volume for KCBT’s agricultural commodity contracts was 16,100 during December 2012.\\n\\n48\"},\"name\":\"fintabnet.CME_2012_page_58__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":27271,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:CME_2012\",\"dpi\":100,\"gt_sha256\":\"b7ba21c50c28ee1481128a9da73af47c68679820e676b0a1f89594821ce48113\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.CME_2012_page_58__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.CME_2012_page_58\",\"pdf_sha256\":\"e04b12fb5f445dbcc1fff2e3f565a18a509425273ba453f6c3af5a430d6cada5\",\"px\":[825,1075],\"scan\":{\"render\":\"00003efc7ffc3cfc0020307c20603ffc3ffc3ffc3ffc3e00303c20781c000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"CME_2012_page_58\",\"src\":{\"file_sha256\":\"d699e95080947380cf87b22f045bb291ac3d4dd7469e6ef0958ffd1b04e76f74\",\"render\":\"00003ffc3ffc38fc0000307c30003ffc3ffc3ffc3ffc3800307c207000000000\",\"text\":\"8b3017792efb2a6b70d9715b5cb1093546d29b65cd56845a213920a85130c84c\"},\"stack\":[{\"deg\":2.25,\"op\":\"skew\"},{\"amp\":0.197,\"angle\":6.8,\"blob\":0.695,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.745},{\"op\":\"noise\",\"sigma\":13.935},{\"gain\":0.542,\"op\":\"contrast\"},{\"bias\":0.102,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":21}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e04b12fb5f445dbcc1fff2e3f565a18a509425273ba453f6c3af5a430d6cada5\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e04b12fb5f445dbcc1fff2e3f565a18a509425273ba453f6c3af5a430d6cada5.pdf","asset_sha256":"e04b12fb5f445dbcc1fff2e3f565a18a509425273ba453f6c3af5a430d6cada5","document_id":"fintabnet:CME_2012","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CME_2012_page_58\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMI_2011_page_92\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:CMI_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[94.2,108.6,1674.7,241.7],\"lines\":[{\"bbox\":[95.7,108.6,1674.7,209.7],\"text\":\"The table below presents various assumptions used in determining the net periodic pension cost and reflects weighted-average percentages for\"},{\"bbox\":[94.2,140.6,549.9,187.4],\"text\":\"the various plans (Non-U.S. is the U.K.):\"}],\"order\":0,\"text\":\"The table below presents various assumptions used in determining the net periodic pension cost and reflects weighted-average percentages for\\nthe various plans (Non-U.S. is the U.K.):\"},{\"bbox\":[839.9,246.1,1306.6,321.8],\"lines\":[{\"bbox\":[847.2,246.3,1256.7,286.1],\"text\":\"Qualified and Non-Qualified Pension Plans\"},{\"bbox\":[839.9,279.4,938.1,304.1],\"text\":\"U.S. Plans\"},{\"bbox\":[1159.9,294.8,1305.0,321.8],\"text\":\"Non-U.S. Plans\"}],\"order\":1,\"text\":\"Qualified and Non-Qualified Pension Plans\\nU.S. Plans\\nNon-U.S. Plans\"},{\"bbox\":[377.6,321.8,685.4,421.5],\"lines\":[{\"bbox\":[380.6,321.8,516.0,350.7],\"text\":\"Discount rate\"},{\"bbox\":[379.1,353.1,683.8,390.2],\"text\":\"Expected return on plan assets\"},{\"bbox\":[377.6,384.4,654.5,420.1],\"text\":\"Compensation increase rate\"}],\"order\":2,\"text\":\"Discount rate\\nExpected return on plan assets\\nCompensation increase rate\"},{\"bbox\":[750.1,309.1,795.5,331.3],\"lines\":[{\"bbox\":[750.1,309.1,795.5,331.3],\"text\":\"2011\"}],\"order\":3,\"text\":\"2011\"},{\"bbox\":[864.6,314.6,910.0,336.8],\"lines\":[{\"bbox\":[864.6,314.6,910.0,336.8],\"text\":\"2010\"}],\"order\":4,\"text\":\"2010\"},{\"bbox\":[979.1,320.1,1024.5,342.3],\"lines\":[{\"bbox\":[979.1,320.1,1024.5,342.3],\"text\":\"2009\"}],\"order\":5,\"text\":\"2009\"},{\"bbox\":[1093.7,325.6,1139.1,347.9],\"lines\":[{\"bbox\":[1093.7,325.6,1139.1,347.9],\"text\":\"2011\"}],\"order\":6,\"text\":\"2011\"},{\"bbox\":[1207.9,331.2,1253.3,353.4],\"lines\":[{\"bbox\":[1207.9,331.2,1253.3,353.4],\"text\":\"2010\"}],\"order\":7,\"text\":\"2010\"},{\"bbox\":[1322.4,336.7,1367.8,358.9],\"lines\":[{\"bbox\":[1322.4,336.7,1367.8,358.9],\"text\":\"2009\"}],\"order\":8,\"text\":\"2009\"},{\"bbox\":[745.8,340.2,818.8,428.6],\"lines\":[{\"bbox\":[748.8,340.2,818.8,366.0],\"text\":\"5.42%\"},{\"bbox\":[747.3,371.5,817.3,397.3],\"text\":\"8.00%\"},{\"bbox\":[745.8,402.8,815.8,428.6],\"text\":\"4.00%\"}],\"order\":9,\"text\":\"5.42%\\n8.00%\\n4.00%\"},{\"bbox\":[864.3,345.3,933.2,433.5],\"lines\":[{\"bbox\":[867.3,345.3,933.2,370.9],\"text\":\"5.60%\"},{\"bbox\":[865.8,376.6,931.7,402.2],\"text\":\"8.00%\"},{\"bbox\":[864.3,407.9,930.2,433.5],\"text\":\"4.00%\"}],\"order\":10,\"text\":\"5.60%\\n8.00%\\n4.00%\"},{\"bbox\":[978.9,350.8,1047.7,439.0],\"lines\":[{\"bbox\":[981.9,350.8,1047.7,376.4],\"text\":\"6.20%\"},{\"bbox\":[980.4,382.1,1046.2,407.7],\"text\":\"8.25%\"},{\"bbox\":[978.9,413.4,1044.7,439.0],\"text\":\"4.00%\"}],\"order\":11,\"text\":\"6.20%\\n8.25%\\n4.00%\"},{\"bbox\":[1089.4,356.8,1162.4,445.2],\"lines\":[{\"bbox\":[1092.4,356.8,1162.4,382.6],\"text\":\"5.80%\"},{\"bbox\":[1090.9,388.1,1160.9,413.9],\"text\":\"7.00%\"},{\"bbox\":[1089.4,419.4,1159.4,445.2],\"text\":\"4.50%\"}],\"order\":12,\"text\":\"5.80%\\n7.00%\\n4.50%\"},{\"bbox\":[1207.6,361.8,1276.4,450.0],\"lines\":[{\"bbox\":[1210.6,361.8,1276.4,387.4],\"text\":\"5.80%\"},{\"bbox\":[1209.1,393.1,1274.9,418.7],\"text\":\"7.25%\"},{\"bbox\":[1207.6,424.4,1273.4,450.0],\"text\":\"4.50%\"}],\"order\":13,\"text\":\"5.80%\\n7.25%\\n4.50%\"},{\"bbox\":[1322.1,367.4,1391.0,455.6],\"lines\":[{\"bbox\":[1325.1,367.4,1391.0,393.0],\"text\":\"6.20%\"},{\"bbox\":[1323.6,398.7,1389.5,424.3],\"text\":\"7.25%\"},{\"bbox\":[1322.1,430.0,1388.0,455.6],\"text\":\"4.25%\"}],\"order\":14,\"text\":\"6.20%\\n7.25%\\n4.25%\"},{\"bbox\":[80.1,431.9,215.9,463.3],\"lines\":[{\"bbox\":[80.1,431.9,215.9,463.3],\"text\":\"Plan Assets\"}],\"order\":15,\"text\":\"Plan Assets\"},{\"bbox\":[69.4,494.8,1658.1,755.5],\"lines\":[{\"bbox\":[77.1,494.8,1658.1,596.0],\"text\":\"Our investment policies in the U.S. and U.K. provide for the rebalancing of assets to maintain our long-term strategic asset allocation. We are\"},{\"bbox\":[75.5,526.8,1631.4,626.8],\"text\":\"committed to its long-term strategy and do not attempt to time the market given empirical evidence that asset allocation is more critical than\"},{\"bbox\":[74.0,558.8,1639.2,659.2],\"text\":\"individual asset or investment manager selection. Rebalancing of the assets has and continues to occur. The rebalancing is critical to having\"},{\"bbox\":[72.4,590.8,1636.2,691.1],\"text\":\"the proper weighting of assets to achieve the expected total portfolio returns. We believe that our portfolio is highly diversified and does not\"},{\"bbox\":[70.9,622.7,1634.7,723.1],\"text\":\"have any significant exposure to concentration risk. The plan assets for our defined benefit pension plans do not include any of our common\"},{\"bbox\":[69.4,654.4,135.7,682.4],\"text\":\"stock.\"}],\"order\":16,\"text\":\"Our investment policies in the U.S. and U.K. provide for the rebalancing of assets to maintain our long-term strategic asset allocation. We are\\ncommitted to its long-term strategy and do not attempt to time the market given empirical evidence that asset allocation is more critical than\\nindividual asset or investment manager selection. Rebalancing of the assets has and continues to occur. The rebalancing is critical to having\\nthe proper weighting of assets to achieve the expected total portfolio returns. We believe that our portfolio is highly diversified and does not\\nhave any significant exposure to concentration risk. The plan assets for our defined benefit pension plans do not include any of our common\\nstock.\"},{\"bbox\":[66.2,719.0,255.3,752.9],\"lines\":[{\"bbox\":[66.2,719.0,255.3,752.9],\"text\":\"U.S. Plan Assets\"}],\"order\":17,\"text\":\"U.S. Plan Assets\"},{\"bbox\":[58.3,783.9,1605.6,983.1],\"lines\":[{\"bbox\":[63.1,783.9,1605.6,883.2],\"text\":\"For the U.S. qualified pension plans, our assumption for the expected return on assets was 8.0 percent in 2011. Projected returns are based\"},{\"bbox\":[61.5,817.2,1541.6,913.5],\"text\":\"primarily on broad, publicly traded equity and fixed income indices and forward-looking estimates of active portfolio and investment\"},{\"bbox\":[59.9,850.5,1591.8,949.3],\"text\":\"management. We expect additional positive returns from this active investment management. Based on the historical returns and forward-\"},{\"bbox\":[58.3,883.8,1266.3,967.0],\"text\":\"looking return expectations, we have elected to use an assumption of 8.0 percent per year beginning in 2012.\"}],\"order\":18,\"text\":\"For the U.S. qualified pension plans, our assumption for the expected return on assets was 8.0 percent in 2011. Projected returns are based\\nprimarily on broad, publicly traded equity and fixed income indices and forward-looking estimates of active portfolio and investment\\nmanagement. We expect additional positive returns from this active investment management. Based on the historical returns and forward-\\nlooking return expectations, we have elected to use an assumption of 8.0 percent per year beginning in 2012.\"},{\"bbox\":[55.1,950.4,1553.8,1047.6],\"lines\":[{\"bbox\":[55.1,950.4,1553.8,1047.6],\"text\":\"The primary investment objective is to exceed, on a net-of-fee basis, the rate of return of a policy portfolio comprised of the following:\"}],\"order\":19,\"text\":\"The primary investment objective is to exceed, on a net-of-fee basis, the rate of return of a policy portfolio comprised of the following:\"},{\"bbox\":[611.8,1043.2,719.7,1068.5],\"lines\":[{\"bbox\":[611.8,1043.2,719.7,1068.5],\"text\":\"Asset Class\"}],\"order\":20,\"text\":\"Asset Class\"},{\"bbox\":[850.5,1054.8,915.9,1078.0],\"lines\":[{\"bbox\":[850.5,1054.8,915.9,1078.0],\"text\":\"Target\"}],\"order\":21,\"text\":\"Target\"},{\"bbox\":[600.8,1076.0,791.0,1300.6],\"lines\":[{\"bbox\":[610.1,1076.0,739.8,1104.7],\"text\":\"U.S. equities\"},{\"bbox\":[608.6,1107.3,789.5,1138.5],\"text\":\"Non-U.S. equities\"},{\"bbox\":[607.1,1138.6,760.4,1168.5],\"text\":\"Global equities\"},{\"bbox\":[636.8,1173.4,774.8,1202.5],\"text\":\"Total equities\"},{\"bbox\":[604.0,1202.9,713.7,1230.6],\"text\":\"Real estate\"},{\"bbox\":[602.4,1236.2,743.1,1265.4],\"text\":\"Private equity\"},{\"bbox\":[600.8,1269.5,738.5,1298.6],\"text\":\"Fixed income\"}],\"order\":22,\"text\":\"U.S. equities\\nNon-U.S. equities\\nGlobal equities\\nTotal equities\\nReal estate\\nPrivate equity\\nFixed income\"},{\"bbox\":[859.1,1088.5,934.7,1307.6],\"lines\":[{\"bbox\":[868.5,1088.5,934.4,1114.1],\"text\":\"21.0%\"},{\"bbox\":[879.6,1120.4,933.2,1145.4],\"text\":\"8.0%\"},{\"bbox\":[865.5,1151.1,931.3,1176.7],\"text\":\"16.0%\"},{\"bbox\":[863.9,1184.4,929.7,1210.0],\"text\":\"45.0%\"},{\"bbox\":[875.0,1216.0,928.5,1241.0],\"text\":\"7.5%\"},{\"bbox\":[873.4,1249.3,926.9,1274.3],\"text\":\"7.5%\"},{\"bbox\":[859.1,1282.0,925.0,1307.6],\"text\":\"40.0%\"}],\"order\":23,\"text\":\"21.0%\\n8.0%\\n16.0%\\n45.0%\\n7.5%\\n7.5%\\n40.0%\"},{\"bbox\":[661.6,1310.1,715.2,1335.1],\"lines\":[{\"bbox\":[661.6,1310.1,715.2,1335.1],\"text\":\"Total\"}],\"order\":24,\"text\":\"Total\"},{\"bbox\":[845.0,1319.0,923.5,1345.2],\"lines\":[{\"bbox\":[845.0,1319.0,923.5,1345.2],\"text\":\"100.0%\"}],\"order\":25,\"text\":\"100.0%\"},{\"bbox\":[992.7,1061.6,1054.2,1084.6],\"lines\":[{\"bbox\":[992.7,1061.6,1054.2,1084.6],\"text\":\"Range\"}],\"order\":26,\"text\":\"Range\"},{\"bbox\":[994.3,1094.7,1084.8,1184.0],\"lines\":[{\"bbox\":[997.3,1094.7,1084.8,1121.4],\"text\":\"+/-5.0 %\"},{\"bbox\":[995.8,1126.0,1083.3,1152.7],\"text\":\"+/-4.0 %\"},{\"bbox\":[994.3,1157.3,1081.8,1184.0],\"text\":\"+/-4.0 %\"}],\"order\":27,\"text\":\"+/-5.0 %\\n+/-4.0 %\\n+/-4.0 %\"},{\"bbox\":[956.7,1220.1,1078.7,1314.8],\"lines\":[{\"bbox\":[959.9,1220.1,1078.7,1248.2],\"text\":\"+2.5/-7.5 %\"},{\"bbox\":[958.3,1253.4,1077.1,1281.5],\"text\":\"+2.5/-7.5 %\"},{\"bbox\":[988.0,1288.2,1075.5,1314.8],\"text\":\"+/-5.0 %\"}],\"order\":28,\"text\":\"+2.5/-7.5 %\\n+2.5/-7.5 %\\n+/-5.0 %\"},{\"bbox\":[26.2,1349.2,1620.0,1650.3],\"lines\":[{\"bbox\":[35.8,1349.2,1594.2,1449.3],\"text\":\"The fixed income component is structured to represent a custom bond benchmark constructed to closely represent the monthly change in the\"},{\"bbox\":[34.2,1382.5,1616.1,1483.7],\"text\":\"value of our liabilities. This component is structured in such a way that its benchmark covers approximately 70 percent of the plan’s exposure\"},{\"bbox\":[32.6,1415.8,1567.8,1514.7],\"text\":\"to changes in its discount rate (AA corporate bond yields). In order to achieve a hedge on more than the targeted 40 percent of plan assets\"},{\"bbox\":[31.0,1449.1,1468.5,1543.3],\"text\":\"invested in fixed income securities, the Benefits Policy Committee may permit the fixed income managers, other managers or the\"},{\"bbox\":[29.4,1482.4,1579.9,1582.1],\"text\":\"custodian/trustee to utilize derivative securities, as part of a liability driven investment strategy to further reduce the plan’s risk of declining\"},{\"bbox\":[27.8,1515.7,1612.0,1617.0],\"text\":\"interest rates. However, all managers hired to manage assets for the trust are prohibited from using leverage unless specifically discussed with\"},{\"bbox\":[26.2,1549.0,580.3,1600.6],\"text\":\"the committee and allowed for in their guidelines.\"}],\"order\":29,\"text\":\"The fixed income component is structured to represent a custom bond benchmark constructed to closely represent the monthly change in the\\nvalue of our liabilities. This component is structured in such a way that its benchmark covers approximately 70 percent of the plan’s exposure\\nto changes in its discount rate (AA corporate bond yields). In order to achieve a hedge on more than the targeted 40 percent of plan assets\\ninvested in fixed income securities, the Benefits Policy Committee may permit the fixed income managers, other managers or the\\ncustodian/trustee to utilize derivative securities, as part of a liability driven investment strategy to further reduce the plan’s risk of declining\\ninterest rates. However, all managers hired to manage assets for the trust are prohibited from using leverage unless specifically discussed with\\nthe committee and allowed for in their guidelines.\"},{\"bbox\":[788.3,2032.2,820.3,2061.3],\"lines\":[{\"bbox\":[788.3,2032.2,820.3,2061.3],\"text\":\"92\"}],\"order\":30,\"text\":\"92\"}],\"doc\":\"fintabnet:CMI_2011\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"The table below presents various assumptions used in determining the net periodic pension cost and reflects weighted-average percentages for\\nthe various plans (Non-U.S. is the U.K.):\\n\\nQualified and Non-Qualified Pension Plans\\nU.S. Plans\\nNon-U.S. Plans\\n\\nDiscount rate\\nExpected return on plan assets\\nCompensation increase rate\\n\\n2011\\n\\n2010\\n\\n2009\\n\\n2011\\n\\n2010\\n\\n2009\\n\\n5.42%\\n8.00%\\n4.00%\\n\\n5.60%\\n8.00%\\n4.00%\\n\\n6.20%\\n8.25%\\n4.00%\\n\\n5.80%\\n7.00%\\n4.50%\\n\\n5.80%\\n7.25%\\n4.50%\\n\\n6.20%\\n7.25%\\n4.25%\\n\\nPlan Assets\\n\\nOur investment policies in the U.S. and U.K. provide for the rebalancing of assets to maintain our long-term strategic asset allocation. We are\\ncommitted to its long-term strategy and do not attempt to time the market given empirical evidence that asset allocation is more critical than\\nindividual asset or investment manager selection. Rebalancing of the assets has and continues to occur. The rebalancing is critical to having\\nthe proper weighting of assets to achieve the expected total portfolio returns. We believe that our portfolio is highly diversified and does not\\nhave any significant exposure to concentration risk. The plan assets for our defined benefit pension plans do not include any of our common\\nstock.\\n\\nU.S. Plan Assets\\n\\nFor the U.S. qualified pension plans, our assumption for the expected return on assets was 8.0 percent in 2011. Projected returns are based\\nprimarily on broad, publicly traded equity and fixed income indices and forward-looking estimates of active portfolio and investment\\nmanagement. We expect additional positive returns from this active investment management. Based on the historical returns and forward-\\nlooking return expectations, we have elected to use an assumption of 8.0 percent per year beginning in 2012.\\n\\nThe primary investment objective is to exceed, on a net-of-fee basis, the rate of return of a policy portfolio comprised of the following:\\n\\nAsset Class\\n\\nTarget\\n\\nU.S. equities\\nNon-U.S. equities\\nGlobal equities\\nTotal equities\\nReal estate\\nPrivate equity\\nFixed income\\n\\n21.0%\\n8.0%\\n16.0%\\n45.0%\\n7.5%\\n7.5%\\n40.0%\\n\\nTotal\\n\\n100.0%\\n\\nRange\\n\\n+/-5.0 %\\n+/-4.0 %\\n+/-4.0 %\\n\\n+2.5/-7.5 %\\n+2.5/-7.5 %\\n+/-5.0 %\\n\\nThe fixed income component is structured to represent a custom bond benchmark constructed to closely represent the monthly change in the\\nvalue of our liabilities. This component is structured in such a way that its benchmark covers approximately 70 percent of the plan’s exposure\\nto changes in its discount rate (AA corporate bond yields). In order to achieve a hedge on more than the targeted 40 percent of plan assets\\ninvested in fixed income securities, the Benefits Policy Committee may permit the fixed income managers, other managers or the\\ncustodian/trustee to utilize derivative securities, as part of a liability driven investment strategy to further reduce the plan’s risk of declining\\ninterest rates. However, all managers hired to manage assets for the trust are prohibited from using leverage unless specifically discussed with\\nthe committee and allowed for in their guidelines.\\n\\n92\",\"name\":\"fintabnet.CMI_2011_page_92__200dpi_heavy\",\"page_id\":\"fintabnet.CMI_2011_page_92\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.765,\"source\":\"fintabnet\",\"source_id\":\"CMI_2011_page_92\",\"stack\":[{\"deg\":-2.765,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.262},{\"op\":\"noise\",\"sigma\":16.889},{\"gain\":0.612,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":41}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[598.9,1035.2,1086.8,1354.1],\"block_orders\":[20,21,22,23,24,25,26,27,28],\"cells\":null}],\"text\":\"The table below presents various assumptions used in determining the net periodic pension cost and reflects weighted-average percentages for\\nthe various plans (Non-U.S. is the U.K.):\\n\\nQualified and Non-Qualified Pension Plans\\nU.S. Plans\\nNon-U.S. Plans\\n\\nDiscount rate\\nExpected return on plan assets\\nCompensation increase rate\\n\\n2011\\n\\n2010\\n\\n2009\\n\\n2011\\n\\n2010\\n\\n2009\\n\\n5.42%\\n8.00%\\n4.00%\\n\\n5.60%\\n8.00%\\n4.00%\\n\\n6.20%\\n8.25%\\n4.00%\\n\\n5.80%\\n7.00%\\n4.50%\\n\\n5.80%\\n7.25%\\n4.50%\\n\\n6.20%\\n7.25%\\n4.25%\\n\\nPlan Assets\\n\\nOur investment policies in the U.S. and U.K. provide for the rebalancing of assets to maintain our long-term strategic asset allocation. We are\\ncommitted to its long-term strategy and do not attempt to time the market given empirical evidence that asset allocation is more critical than\\nindividual asset or investment manager selection. Rebalancing of the assets has and continues to occur. The rebalancing is critical to having\\nthe proper weighting of assets to achieve the expected total portfolio returns. We believe that our portfolio is highly diversified and does not\\nhave any significant exposure to concentration risk. The plan assets for our defined benefit pension plans do not include any of our common\\nstock.\\n\\nU.S. Plan Assets\\n\\nFor the U.S. qualified pension plans, our assumption for the expected return on assets was 8.0 percent in 2011. Projected returns are based\\nprimarily on broad, publicly traded equity and fixed income indices and forward-looking estimates of active portfolio and investment\\nmanagement. We expect additional positive returns from this active investment management. Based on the historical returns and forward-\\nlooking return expectations, we have elected to use an assumption of 8.0 percent per year beginning in 2012.\\n\\nThe primary investment objective is to exceed, on a net-of-fee basis, the rate of return of a policy portfolio comprised of the following:\\n\\nAsset Class\\n\\nTarget\\n\\nU.S. equities\\nNon-U.S. equities\\nGlobal equities\\nTotal equities\\nReal estate\\nPrivate equity\\nFixed income\\n\\n21.0%\\n8.0%\\n16.0%\\n45.0%\\n7.5%\\n7.5%\\n40.0%\\n\\nTotal\\n\\n100.0%\\n\\nRange\\n\\n+/-5.0 %\\n+/-4.0 %\\n+/-4.0 %\\n\\n+2.5/-7.5 %\\n+2.5/-7.5 %\\n+/-5.0 %\\n\\nThe fixed income component is structured to represent a custom bond benchmark constructed to closely represent the monthly change in the\\nvalue of our liabilities. This component is structured in such a way that its benchmark covers approximately 70 percent of the plan’s exposure\\nto changes in its discount rate (AA corporate bond yields). In order to achieve a hedge on more than the targeted 40 percent of plan assets\\ninvested in fixed income securities, the Benefits Policy Committee may permit the fixed income managers, other managers or the\\ncustodian/trustee to utilize derivative securities, as part of a liability driven investment strategy to further reduce the plan’s risk of declining\\ninterest rates. However, all managers hired to manage assets for the trust are prohibited from using leverage unless specifically discussed with\\nthe committee and allowed for in their guidelines.\\n\\n92\"},\"name\":\"fintabnet.CMI_2011_page_92__200dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":205840,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:CMI_2011\",\"dpi\":200,\"gt_sha256\":\"043f27c3566e9f39a57f27c83af8c00a0b8becf7c437ba90c8cc5820bbdba4de\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.CMI_2011_page_92__200dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.CMI_2011_page_92\",\"pdf_sha256\":\"4bc384c936c9358dd83c9c74397e55552c577a8202487e74f55d08d549ec8aeb\",\"px\":[1700,2200],\"scan\":{\"render\":\"000009f00df861007fff6000fffe02c002c00280fffefffe0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"CMI_2011_page_92\",\"src\":{\"file_sha256\":\"8121cfa2c86844b781823926076eb4dc7be4029ac45ff8ab81ec7de68edc0c75\",\"render\":\"00007bf81bf84d20fffe4000fffe07c002c00280fffefffe0000000000000000\",\"text\":\"2eb7a300c6659bdaf4242ed1b2365922fcfa3be3442d123fb4814d71719cddd0\"},\"stack\":[{\"deg\":-2.765,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.262},{\"op\":\"noise\",\"sigma\":16.889},{\"gain\":0.612,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":41}],\"tools\":\"21647cade0ee\"},\"sha256\":\"4bc384c936c9358dd83c9c74397e55552c577a8202487e74f55d08d549ec8aeb\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/4bc384c936c9358dd83c9c74397e55552c577a8202487e74f55d08d549ec8aeb.pdf","asset_sha256":"4bc384c936c9358dd83c9c74397e55552c577a8202487e74f55d08d549ec8aeb","document_id":"fintabnet:CMI_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMI_2011_page_92\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMI_2013_page_47\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:CMI_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[31.1,37.6,86.7,50.2],\"lines\":[{\"bbox\":[31.1,37.6,86.7,50.2],\"text\":\"2012 vs. 2011\"}],\"order\":0,\"text\":\"2012 vs. 2011\"},{\"bbox\":[31.7,57.8,79.2,70.2],\"lines\":[{\"bbox\":[31.7,57.8,79.2,70.2],\"text\":\"Acquisition\"}],\"order\":1,\"text\":\"Acquisition\"},{\"bbox\":[32.3,64.9,543.5,150.2],\"lines\":[{\"bbox\":[32.3,65.1,533.5,90.2],\"text\":\"In April 2012, we reached an agreement to acquire the doser technology and business assets from Hilite in a cash transaction.\"},{\"bbox\":[32.6,77.4,523.0,102.2],\"text\":\"Dosers are products that enable compliance with emission standards in certain aftertreatment systems and complement our\"},{\"bbox\":[32.9,89.5,517.7,114.2],\"text\":\"current product offerings. The transaction was approved by German regulators in June and closed on July 18, 2012. The\"},{\"bbox\":[33.3,101.3,528.0,126.2],\"text\":\"purchase price was $176 million. There was no contingent consideration associated with this transaction. During 2012, we\"},{\"bbox\":[33.6,112.8,543.2,138.2],\"text\":\"expensed approximately $4 million of acquisition related costs. See Note 2, \\\"ACQUISITIONS AND DIVESTITURES,\\\" to the\"},{\"bbox\":[33.9,133.3,243.1,150.2],\"text\":\"Consolidated Financial Statements for more details.\"}],\"order\":2,\"text\":\"In April 2012, we reached an agreement to acquire the doser technology and business assets from Hilite in a cash transaction.\\nDosers are products that enable compliance with emission standards in certain aftertreatment systems and complement our\\ncurrent product offerings. The transaction was approved by German regulators in June and closed on July 18, 2012. The\\npurchase price was $176 million. There was no contingent consideration associated with this transaction. During 2012, we\\nexpensed approximately $4 million of acquisition related costs. See Note 2, \\\"ACQUISITIONS AND DIVESTITURES,\\\" to the\\nConsolidated Financial Statements for more details.\"},{\"bbox\":[34.5,156.5,126.9,170.2],\"lines\":[{\"bbox\":[34.5,156.5,126.9,170.2],\"text\":\"Excluding Acquisition\"}],\"order\":3,\"text\":\"Excluding Acquisition\"},{\"bbox\":[35.1,165.2,532.5,202.2],\"lines\":[{\"bbox\":[35.1,165.2,532.2,190.2],\"text\":\"Selected financial information for our Components segment excluding the impact of the acquisition on 2012 sales and EBIT\"},{\"bbox\":[35.4,189.4,97.4,202.2],\"text\":\"was as follows:\"}],\"order\":4,\"text\":\"Selected financial information for our Components segment excluding the impact of the acquisition on 2012 sales and EBIT\\nwas as follows:\"},{\"bbox\":[413.3,200.2,461.8,218.4],\"lines\":[{\"bbox\":[418.9,200.4,456.0,210.3],\"text\":\"Favorable/\"},{\"bbox\":[413.6,208.2,461.8,218.4],\"text\":\"(Unfavorable)\"}],\"order\":5,\"text\":\"Favorable/\\n(Unfavorable)\"},{\"bbox\":[299.4,223.2,390.7,234.6],\"lines\":[{\"bbox\":[299.4,223.2,390.7,234.6],\"text\":\"Years ended December 31,\"}],\"order\":6,\"text\":\"Years ended December 31,\"},{\"bbox\":[107.4,243.1,144.3,253.0],\"lines\":[{\"bbox\":[107.4,243.1,144.3,253.0],\"text\":\"In millions\"}],\"order\":7,\"text\":\"In millions\"},{\"bbox\":[107.8,253.3,201.3,295.1],\"lines\":[{\"bbox\":[107.8,253.3,200.6,267.0],\"text\":\"Excluding acquisition\"},{\"bbox\":[108.1,268.8,151.5,281.1],\"text\":\"Total sales\"},{\"bbox\":[108.5,282.3,168.6,295.1],\"text\":\"Segment EBIT\"}],\"order\":8,\"text\":\"Excluding acquisition\\nTotal sales\\nSegment EBIT\"},{\"bbox\":[311.3,238.0,327.6,247.3],\"lines\":[{\"bbox\":[311.3,238.0,327.6,247.3],\"text\":\"2012\"}],\"order\":9,\"text\":\"2012\"},{\"bbox\":[362.0,236.6,378.3,245.9],\"lines\":[{\"bbox\":[362.0,236.6,378.3,245.9],\"text\":\"2011\"}],\"order\":10,\"text\":\"2011\"},{\"bbox\":[300.1,263.7,335.4,289.7],\"lines\":[{\"bbox\":[300.1,263.7,335.0,275.7],\"text\":\"$ 3,966\"},{\"bbox\":[320.1,277.7,335.4,289.1],\"text\":\"434\"}],\"order\":11,\"text\":\"$ 3,966\\n434\"},{\"bbox\":[350.1,262.2,386.4,288.3],\"lines\":[{\"bbox\":[350.1,262.2,386.0,274.3],\"text\":\"$ 4,063\"},{\"bbox\":[371.1,276.2,386.4,287.7],\"text\":\"470\"}],\"order\":12,\"text\":\"$ 4,063\\n470\"},{\"bbox\":[415.6,221.2,460.9,231.4],\"lines\":[{\"bbox\":[415.6,221.2,460.9,231.4],\"text\":\"2012 vs. 2011\"}],\"order\":13,\"text\":\"2012 vs. 2011\"},{\"bbox\":[403.3,235.1,431.5,244.7],\"lines\":[{\"bbox\":[403.3,235.1,431.5,244.7],\"text\":\"Amount\"}],\"order\":14,\"text\":\"Amount\"},{\"bbox\":[401.0,261.7,406.4,272.9],\"lines\":[{\"bbox\":[401.0,261.7,406.4,272.9],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[421.3,260.7,438.7,286.2],\"lines\":[{\"bbox\":[421.3,260.7,438.3,272.3],\"text\":\"(97)\"},{\"bbox\":[421.7,274.7,438.7,286.2],\"text\":\"(36)\"}],\"order\":16,\"text\":\"(97)\\n(36)\"},{\"bbox\":[447.2,233.9,473.7,243.5],\"lines\":[{\"bbox\":[447.2,233.9,473.7,243.5],\"text\":\"Percent\"}],\"order\":17,\"text\":\"Percent\"},{\"bbox\":[460.0,259.6,480.7,285.2],\"lines\":[{\"bbox\":[460.0,259.6,480.3,271.2],\"text\":\"(2)%\"},{\"bbox\":[460.4,273.6,480.7,285.2],\"text\":\"(8)%\"}],\"order\":18,\"text\":\"(2)%\\n(8)%\"},{\"bbox\":[409.7,300.0,471.0,310.6],\"lines\":[{\"bbox\":[409.7,300.0,471.0,310.6],\"text\":\"Percentage Points\"}],\"order\":19,\"text\":\"Percentage Points\"},{\"bbox\":[109.6,317.1,286.2,333.1],\"lines\":[{\"bbox\":[109.6,317.1,286.2,333.1],\"text\":\"Segment EBIT as a percentage of total sales\"}],\"order\":20,\"text\":\"Segment EBIT as a percentage of total sales\"},{\"bbox\":[318.7,315.4,344.8,327.2],\"lines\":[{\"bbox\":[318.7,315.4,344.8,327.2],\"text\":\"10.9%\"}],\"order\":21,\"text\":\"10.9%\"},{\"bbox\":[369.7,314.0,395.8,325.8],\"lines\":[{\"bbox\":[369.7,314.0,395.8,325.8],\"text\":\"11.6%\"}],\"order\":22,\"text\":\"11.6%\"},{\"bbox\":[454.0,311.8,473.4,323.4],\"lines\":[{\"bbox\":[454.0,311.8,473.4,323.4],\"text\":\"(0.7)\"}],\"order\":23,\"text\":\"(0.7)\"},{\"bbox\":[39.8,347.4,61.8,359.1],\"lines\":[{\"bbox\":[39.8,347.4,61.8,359.1],\"text\":\"Sales\"}],\"order\":24,\"text\":\"Sales\"},{\"bbox\":[40.4,354.9,509.9,379.1],\"lines\":[{\"bbox\":[40.4,354.9,509.9,379.1],\"text\":\"Components segment sales, excluding the acquisition, decreased versus 2011. The following are the primary drivers:\"}],\"order\":25,\"text\":\"Components segment sales, excluding the acquisition, decreased versus 2011. The following are the primary drivers:\"},{\"bbox\":[58.9,387.4,62.7,398.6],\"lines\":[{\"bbox\":[58.9,387.4,62.7,398.6],\"text\":\"•\"}],\"order\":26,\"text\":\"•\"},{\"bbox\":[76.9,374.1,539.0,422.1],\"lines\":[{\"bbox\":[76.9,374.1,538.4,398.1],\"text\":\"Turbo technologies business sales decreased primarily due to a decline in OEM sales in Europe and China, reduced\"},{\"bbox\":[77.3,386.6,521.0,410.1],\"text\":\"aftermarket demand and unfavorable foreign currency fluctuations, which were partially offset by higher OEM\"},{\"bbox\":[77.6,405.0,290.8,422.1],\"text\":\"demand in North America in the first half of the year.\"}],\"order\":27,\"text\":\"Turbo technologies business sales decreased primarily due to a decline in OEM sales in Europe and China, reduced\\naftermarket demand and unfavorable foreign currency fluctuations, which were partially offset by higher OEM\\ndemand in North America in the first half of the year.\"},{\"bbox\":[60.2,432.4,64.0,443.6],\"lines\":[{\"bbox\":[60.2,432.4,64.0,443.6],\"text\":\"•\"}],\"order\":28,\"text\":\"•\"},{\"bbox\":[78.2,424.7,339.8,443.1],\"lines\":[{\"bbox\":[78.2,424.7,339.8,443.1],\"text\":\"Foreign currency fluctuations unfavorably impacted sales results.\"}],\"order\":29,\"text\":\"Foreign currency fluctuations unfavorably impacted sales results.\"},{\"bbox\":[60.8,453.4,64.6,464.6],\"lines\":[{\"bbox\":[60.8,453.4,64.6,464.6],\"text\":\"•\"}],\"order\":30,\"text\":\"•\"},{\"bbox\":[78.8,439.7,555.5,500.0],\"lines\":[{\"bbox\":[78.8,439.9,544.5,464.0],\"text\":\"Filtration business sales decreased primarily as a result of the disposition of certain assets and liabilities of our light-\"},{\"bbox\":[79.1,452.0,542.4,476.0],\"text\":\"duty filtration business and our exhaust business in 2011 and unfavorable foreign currency fluctuations. Disposition\"},{\"bbox\":[79.4,463.6,555.2,488.0],\"text\":\"related sales were $71 million in 2011. The decreases were partially offset by increased aftermarket demand in the first\"},{\"bbox\":[79.8,487.2,142.8,500.0],\"text\":\"half of the year.\"}],\"order\":31,\"text\":\"Filtration business sales decreased primarily as a result of the disposition of certain assets and liabilities of our light-\\nduty filtration business and our exhaust business in 2011 and unfavorable foreign currency fluctuations. Disposition\\nrelated sales were $71 million in 2011. The decreases were partially offset by increased aftermarket demand in the first\\nhalf of the year.\"},{\"bbox\":[62.4,510.4,66.2,521.5],\"lines\":[{\"bbox\":[62.4,510.4,66.2,521.5],\"text\":\"•\"}],\"order\":32,\"text\":\"•\"},{\"bbox\":[80.4,496.9,546.4,533.0],\"lines\":[{\"bbox\":[80.4,497.2,536.3,521.0],\"text\":\"Fuel systems business sales decreased primarily due to lower European demand and reduced aftermarket demand,\"},{\"bbox\":[80.7,508.9,546.4,533.0],\"text\":\"which were partially offset by improved demand in North American on-highway markets in the first half of the year.\"}],\"order\":33,\"text\":\"Fuel systems business sales decreased primarily due to lower European demand and reduced aftermarket demand,\\nwhich were partially offset by improved demand in North American on-highway markets in the first half of the year.\"},{\"bbox\":[45.3,529.7,554.9,603.0],\"lines\":[{\"bbox\":[45.3,529.7,553.6,555.0],\"text\":\"The decreases above were partially offset by the emission solutions business as sales increased primarily due to higher demand\"},{\"bbox\":[45.6,541.8,551.3,567.0],\"text\":\"in the North American on-highway market in the first half of the year and new sales in the Brazilian on-highway market as the\"},{\"bbox\":[46.0,553.9,546.4,579.0],\"text\":\"result of new emission requirements effective January 1, 2012, partially offset by lower sales due to the disposition of certain\"},{\"bbox\":[46.3,566.2,535.2,591.0],\"text\":\"assets and liabilities of our exhaust business in the second quarter of 2011, lower price realization and unfavorable foreign\"},{\"bbox\":[46.6,583.6,342.6,603.0],\"text\":\"currency fluctuations. Disposition related sales were $55 million in 2011.\"}],\"order\":34,\"text\":\"The decreases above were partially offset by the emission solutions business as sales increased primarily due to higher demand\\nin the North American on-highway market in the first half of the year and new sales in the Brazilian on-highway market as the\\nresult of new emission requirements effective January 1, 2012, partially offset by lower sales due to the disposition of certain\\nassets and liabilities of our exhaust business in the second quarter of 2011, lower price realization and unfavorable foreign\\ncurrency fluctuations. Disposition related sales were $55 million in 2011.\"},{\"bbox\":[302.0,742.2,312.3,753.6],\"lines\":[{\"bbox\":[302.0,742.2,312.3,753.6],\"text\":\"47\"}],\"order\":35,\"text\":\"47\"}],\"doc\":\"fintabnet:CMI_2013\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"2012 vs. 2011\\n\\nAcquisition\\n\\nIn April 2012, we reached an agreement to acquire the doser technology and business assets from Hilite in a cash transaction.\\nDosers are products that enable compliance with emission standards in certain aftertreatment systems and complement our\\ncurrent product offerings. The transaction was approved by German regulators in June and closed on July 18, 2012. The\\npurchase price was $176 million. There was no contingent consideration associated with this transaction. During 2012, we\\nexpensed approximately $4 million of acquisition related costs. See Note 2, \\\"ACQUISITIONS AND DIVESTITURES,\\\" to the\\nConsolidated Financial Statements for more details.\\n\\nExcluding Acquisition\\n\\nSelected financial information for our Components segment excluding the impact of the acquisition on 2012 sales and EBIT\\nwas as follows:\\n\\nFavorable/\\n(Unfavorable)\\n\\nYears ended December 31,\\n\\nIn millions\\n\\nExcluding acquisition\\nTotal sales\\nSegment EBIT\\n\\n2012\\n\\n2011\\n\\n$ 3,966\\n434\\n\\n$ 4,063\\n470\\n\\n2012 vs. 2011\\n\\nAmount\\n\\n$\\n\\n(97)\\n(36)\\n\\nPercent\\n\\n(2)%\\n(8)%\\n\\nPercentage Points\\n\\nSegment EBIT as a percentage of total sales\\n\\n10.9%\\n\\n11.6%\\n\\n(0.7)\\n\\nSales\\n\\nComponents segment sales, excluding the acquisition, decreased versus 2011. The following are the primary drivers:\\n\\n•\\n\\nTurbo technologies business sales decreased primarily due to a decline in OEM sales in Europe and China, reduced\\naftermarket demand and unfavorable foreign currency fluctuations, which were partially offset by higher OEM\\ndemand in North America in the first half of the year.\\n\\n•\\n\\nForeign currency fluctuations unfavorably impacted sales results.\\n\\n•\\n\\nFiltration business sales decreased primarily as a result of the disposition of certain assets and liabilities of our light-\\nduty filtration business and our exhaust business in 2011 and unfavorable foreign currency fluctuations. Disposition\\nrelated sales were $71 million in 2011. The decreases were partially offset by increased aftermarket demand in the first\\nhalf of the year.\\n\\n•\\n\\nFuel systems business sales decreased primarily due to lower European demand and reduced aftermarket demand,\\nwhich were partially offset by improved demand in North American on-highway markets in the first half of the year.\\n\\nThe decreases above were partially offset by the emission solutions business as sales increased primarily due to higher demand\\nin the North American on-highway market in the first half of the year and new sales in the Brazilian on-highway market as the\\nresult of new emission requirements effective January 1, 2012, partially offset by lower sales due to the disposition of certain\\nassets and liabilities of our exhaust business in the second quarter of 2011, lower price realization and unfavorable foreign\\ncurrency fluctuations. Disposition related sales were $55 million in 2011.\\n\\n47\",\"name\":\"fintabnet.CMI_2013_page_47__72dpi_medium\",\"page_id\":\"fintabnet.CMI_2013_page_47\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.606,\"source\":\"fintabnet\",\"source_id\":\"CMI_2013_page_47\",\"stack\":[{\"deg\":1.606,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.667},{\"op\":\"noise\",\"sigma\":6.358},{\"offset\":0.039,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[106.5,199.7,481.7,333.1],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23],\"cells\":null}],\"text\":\"2012 vs. 2011\\n\\nAcquisition\\n\\nIn April 2012, we reached an agreement to acquire the doser technology and business assets from Hilite in a cash transaction.\\nDosers are products that enable compliance with emission standards in certain aftertreatment systems and complement our\\ncurrent product offerings. The transaction was approved by German regulators in June and closed on July 18, 2012. The\\npurchase price was $176 million. There was no contingent consideration associated with this transaction. During 2012, we\\nexpensed approximately $4 million of acquisition related costs. See Note 2, \\\"ACQUISITIONS AND DIVESTITURES,\\\" to the\\nConsolidated Financial Statements for more details.\\n\\nExcluding Acquisition\\n\\nSelected financial information for our Components segment excluding the impact of the acquisition on 2012 sales and EBIT\\nwas as follows:\\n\\nFavorable/\\n(Unfavorable)\\n\\nYears ended December 31,\\n\\nIn millions\\n\\nExcluding acquisition\\nTotal sales\\nSegment EBIT\\n\\n2012\\n\\n2011\\n\\n$ 3,966\\n434\\n\\n$ 4,063\\n470\\n\\n2012 vs. 2011\\n\\nAmount\\n\\n$\\n\\n(97)\\n(36)\\n\\nPercent\\n\\n(2)%\\n(8)%\\n\\nPercentage Points\\n\\nSegment EBIT as a percentage of total sales\\n\\n10.9%\\n\\n11.6%\\n\\n(0.7)\\n\\nSales\\n\\nComponents segment sales, excluding the acquisition, decreased versus 2011. The following are the primary drivers:\\n\\n•\\n\\nTurbo technologies business sales decreased primarily due to a decline in OEM sales in Europe and China, reduced\\naftermarket demand and unfavorable foreign currency fluctuations, which were partially offset by higher OEM\\ndemand in North America in the first half of the year.\\n\\n•\\n\\nForeign currency fluctuations unfavorably impacted sales results.\\n\\n•\\n\\nFiltration business sales decreased primarily as a result of the disposition of certain assets and liabilities of our light-\\nduty filtration business and our exhaust business in 2011 and unfavorable foreign currency fluctuations. Disposition\\nrelated sales were $71 million in 2011. The decreases were partially offset by increased aftermarket demand in the first\\nhalf of the year.\\n\\n•\\n\\nFuel systems business sales decreased primarily due to lower European demand and reduced aftermarket demand,\\nwhich were partially offset by improved demand in North American on-highway markets in the first half of the year.\\n\\nThe decreases above were partially offset by the emission solutions business as sales increased primarily due to higher demand\\nin the North American on-highway market in the first half of the year and new sales in the Brazilian on-highway market as the\\nresult of new emission requirements effective January 1, 2012, partially offset by lower sales due to the disposition of certain\\nassets and liabilities of our exhaust business in the second quarter of 2011, lower price realization and unfavorable foreign\\ncurrency fluctuations. Disposition related sales were $55 million in 2011.\\n\\n47\"},\"name\":\"fintabnet.CMI_2013_page_47__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":15488,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:CMI_2013\",\"dpi\":72,\"gt_sha256\":\"1b0b8e9b3f8104bebd599aed1a776d15b1f4935b5e920e1408bf8674f7510e86\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.CMI_2013_page_47__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.CMI_2013_page_47\",\"pdf_sha256\":\"3f8d7fb920c36f5122aa9a4c3e0fefad2b7eba167c771163d4b13c8d5fabde49\",\"px\":[594,774],\"scan\":{\"render\":\"00007ffc7ffc700000d818b8101841fc3fc03ffe3ffc7ffe7f80000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"CMI_2013_page_47\",\"src\":{\"file_sha256\":\"503c4eef9b62c937ee1be8c44a9ab896a3dd7d9264d69dfcab9266cabe201f64\",\"render\":\"40007ffc7ffc700000f81ff81f387ff83f843ffe3ffc7ffe0000000000000000\",\"text\":\"12eabccebd0a92014c4404a3ee3d3276850da87d161de9d2a8bf939482bffb7a\"},\"stack\":[{\"deg\":1.606,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.667},{\"op\":\"noise\",\"sigma\":6.358},{\"offset\":0.039,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"3f8d7fb920c36f5122aa9a4c3e0fefad2b7eba167c771163d4b13c8d5fabde49\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/3f8d7fb920c36f5122aa9a4c3e0fefad2b7eba167c771163d4b13c8d5fabde49.pdf","asset_sha256":"3f8d7fb920c36f5122aa9a4c3e0fefad2b7eba167c771163d4b13c8d5fabde49","document_id":"fintabnet:CMI_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMI_2013_page_47\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMI_2013_page_88\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:CMI_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[113.9,88.9,792.9,119.6],\"lines\":[{\"bbox\":[113.9,88.9,792.9,119.6],\"text\":\"A reconciliation of unrecognized tax benefits was as follows:\"}],\"order\":0,\"text\":\"A reconciliation of unrecognized tax benefits was as follows:\"},{\"bbox\":[290.3,147.3,392.2,171.9],\"lines\":[{\"bbox\":[290.3,147.3,392.2,171.9],\"text\":\"In millions\"}],\"order\":1,\"text\":\"In millions\"},{\"bbox\":[290.3,182.8,1145.5,755.2],\"lines\":[{\"bbox\":[290.3,182.8,632.1,213.6],\"text\":\"Balance at December 31, 2010\"},{\"bbox\":[323.6,224.5,978.8,255.2],\"text\":\"Additions based on tax positions related to the current year\"},{\"bbox\":[323.6,266.2,964.9,296.9],\"text\":\"Additions based on tax positions related to the prior years\"},{\"bbox\":[323.6,307.8,873.8,338.6],\"text\":\"Reductions for tax positions related to prior years\"},{\"bbox\":[323.6,349.5,1145.5,380.2],\"text\":\"Reductions for tax positions relating to settlements with taxing authorities\"},{\"bbox\":[323.6,391.2,1086.1,421.9],\"text\":\"Reductions for tax positions relating to lapse of statute of limitations\"},{\"bbox\":[290.3,432.8,632.1,463.6],\"text\":\"Balance at December 31, 2011\"},{\"bbox\":[323.6,474.5,978.8,505.2],\"text\":\"Additions based on tax positions related to the current year\"},{\"bbox\":[323.6,516.2,964.9,546.9],\"text\":\"Additions based on tax positions related to the prior years\"},{\"bbox\":[323.6,557.8,873.8,588.6],\"text\":\"Reductions for tax positions related to prior years\"},{\"bbox\":[290.3,599.5,632.1,630.2],\"text\":\"Balance at December 31, 2012\"},{\"bbox\":[323.6,641.2,978.8,671.9],\"text\":\"Additions based on tax positions related to the current year\"},{\"bbox\":[323.6,682.8,964.9,713.6],\"text\":\"Additions based on tax positions related to the prior years\"},{\"bbox\":[323.6,724.5,873.8,755.2],\"text\":\"Reductions for tax positions related to prior years\"}],\"order\":2,\"text\":\"Balance at December 31, 2010\\nAdditions based on tax positions related to the current year\\nAdditions based on tax positions related to the prior years\\nReductions for tax positions related to prior years\\nReductions for tax positions relating to settlements with taxing authorities\\nReductions for tax positions relating to lapse of statute of limitations\\nBalance at December 31, 2011\\nAdditions based on tax positions related to the current year\\nAdditions based on tax positions related to the prior years\\nReductions for tax positions related to prior years\\nBalance at December 31, 2012\\nAdditions based on tax positions related to the current year\\nAdditions based on tax positions related to the prior years\\nReductions for tax positions related to prior years\"},{\"bbox\":[290.3,766.2,1086.1,838.6],\"lines\":[{\"bbox\":[323.6,766.2,1086.1,796.9],\"text\":\"Reductions for tax positions relating to lapse of statute of limitations\"},{\"bbox\":[290.3,807.8,632.1,838.6],\"text\":\"Balance at December 31, 2013\"}],\"order\":3,\"text\":\"Reductions for tax positions relating to lapse of statute of limitations\\nBalance at December 31, 2013\"},{\"bbox\":[1234.8,182.8,1248.7,213.6],\"lines\":[{\"bbox\":[1234.8,182.8,1248.7,213.6],\"text\":\"$\"}],\"order\":4,\"text\":\"$\"},{\"bbox\":[1316.1,182.8,1362.4,421.8],\"lines\":[{\"bbox\":[1325.5,182.8,1353.3,213.6],\"text\":\"85\"},{\"bbox\":[1339.4,224.5,1353.3,255.2],\"text\":\"5\"},{\"bbox\":[1325.5,266.2,1353.3,296.9],\"text\":\"44\"},{\"bbox\":[1330.0,307.7,1362.4,338.4],\"text\":\"(3)\"},{\"bbox\":[1316.1,349.4,1362.4,380.1],\"text\":\"(39)\"},{\"bbox\":[1330.0,391.0,1362.4,421.8],\"text\":\"(6)\"}],\"order\":5,\"text\":\"85\\n5\\n44\\n(3)\\n(39)\\n(6)\"},{\"bbox\":[1325.5,432.8,1362.4,588.4],\"lines\":[{\"bbox\":[1325.5,432.8,1353.3,463.6],\"text\":\"86\"},{\"bbox\":[1339.4,474.5,1353.3,505.2],\"text\":\"4\"},{\"bbox\":[1325.5,516.2,1353.3,546.9],\"text\":\"57\"},{\"bbox\":[1330.0,557.7,1362.4,588.4],\"text\":\"(2)\"}],\"order\":6,\"text\":\"86\\n4\\n57\\n(2)\"},{\"bbox\":[1311.6,599.5,1362.4,796.7],\"lines\":[{\"bbox\":[1311.6,599.5,1353.3,630.2],\"text\":\"145\"},{\"bbox\":[1325.4,641.1,1353.2,671.9],\"text\":\"10\"},{\"bbox\":[1325.4,682.8,1353.2,713.6],\"text\":\"21\"},{\"bbox\":[1330.0,724.3,1362.4,755.1],\"text\":\"(6)\"},{\"bbox\":[1330.0,766.0,1362.4,796.7],\"text\":\"(1)\"}],\"order\":7,\"text\":\"145\\n10\\n21\\n(6)\\n(1)\"},{\"bbox\":[1234.7,807.8,1248.6,838.6],\"lines\":[{\"bbox\":[1234.7,807.8,1248.6,838.6],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[1311.5,807.8,1353.2,838.6],\"lines\":[{\"bbox\":[1311.5,807.8,1353.2,838.6],\"text\":\"169\"}],\"order\":9,\"text\":\"169\"},{\"bbox\":[113.9,875.0,1535.0,1239.1],\"lines\":[{\"bbox\":[113.9,875.0,1437.2,905.7],\"text\":\"Included in the December 31, 2013 and 2012, balances are $107 million and $87 million related to tax positions that, if\"},{\"bbox\":[113.9,908.3,1535.0,939.1],\"text\":\"recognized, would favorably impact the effective tax rate in future periods. Also, we had accrued interest expense related to the\"},{\"bbox\":[113.9,941.6,1515.5,972.4],\"text\":\"unrecognized tax benefits of $3 million, $2 million and $7 million as of December 31, 2013, 2012 and 2011, respectively. We\"},{\"bbox\":[113.9,975.0,1485.0,1005.7],\"text\":\"recognize potential accrued interest and penalties related to unrecognized tax benefits in income tax expense. For the years\"},{\"bbox\":[113.9,1008.3,1490.7,1039.1],\"text\":\"ended December 31, 2013, 2012 and 2011, we recognized $1 million, $(3) million and $(15) million in net interest expense,\"},{\"bbox\":[113.9,1041.6,1531.4,1072.4],\"text\":\"respectively. In 2011, as a result of the settlement of certain tax positions with tax authorities in China, we reduced our liability\"},{\"bbox\":[113.9,1075.0,1529.7,1105.7],\"text\":\"for unrecognized tax benefits by $39 million and the related net accrued interest of $16 million. The $39 million reduction was\"},{\"bbox\":[113.9,1108.3,1496.8,1139.1],\"text\":\"fully offset by adjustments to other income tax balance sheet accounts resulting in zero net income statement impact. As the\"},{\"bbox\":[113.9,1141.6,1480.3,1172.4],\"text\":\"settlement with the tax authorities included no interest or penalties being incurred, we recognized a $16 million income tax\"},{\"bbox\":[113.9,1175.0,1502.4,1205.7],\"text\":\"benefit in 2011 from the release of the accrued interest previously recorded related to the unrecognized tax benefits that were\"},{\"bbox\":[113.9,1208.3,193.4,1239.1],\"text\":\"settled.\"}],\"order\":10,\"text\":\"Included in the December 31, 2013 and 2012, balances are $107 million and $87 million related to tax positions that, if\\nrecognized, would favorably impact the effective tax rate in future periods. Also, we had accrued interest expense related to the\\nunrecognized tax benefits of $3 million, $2 million and $7 million as of December 31, 2013, 2012 and 2011, respectively. We\\nrecognize potential accrued interest and penalties related to unrecognized tax benefits in income tax expense. For the years\\nended December 31, 2013, 2012 and 2011, we recognized $1 million, $(3) million and $(15) million in net interest expense,\\nrespectively. In 2011, as a result of the settlement of certain tax positions with tax authorities in China, we reduced our liability\\nfor unrecognized tax benefits by $39 million and the related net accrued interest of $16 million. The $39 million reduction was\\nfully offset by adjustments to other income tax balance sheet accounts resulting in zero net income statement impact. As the\\nsettlement with the tax authorities included no interest or penalties being incurred, we recognized a $16 million income tax\\nbenefit in 2011 from the release of the accrued interest previously recorded related to the unrecognized tax benefits that were\\nsettled.\"},{\"bbox\":[113.9,1263.9,1512.3,1427.9],\"lines\":[{\"bbox\":[113.9,1263.9,1497.1,1294.6],\"text\":\"Audit outcomes and the timing of audit settlements are subject to significant uncertainty. Although we believe that adequate\"},{\"bbox\":[113.9,1297.2,1446.6,1327.9],\"text\":\"provision has been made for such issues, there is the possibility that the ultimate resolution of such issues could have an\"},{\"bbox\":[113.9,1330.5,1511.7,1361.3],\"text\":\"adverse effect on our earnings. Conversely, if these issues are resolved favorably in the future, the related provision would be\"},{\"bbox\":[113.9,1363.9,1512.3,1394.6],\"text\":\"reduced, thus having a positive impact on earnings. We do not expect any significant change to our unrecognized tax benefits\"},{\"bbox\":[113.9,1397.2,340.7,1427.9],\"text\":\"within the next year.\"}],\"order\":11,\"text\":\"Audit outcomes and the timing of audit settlements are subject to significant uncertainty. Although we believe that adequate\\nprovision has been made for such issues, there is the possibility that the ultimate resolution of such issues could have an\\nadverse effect on our earnings. Conversely, if these issues are resolved favorably in the future, the related provision would be\\nreduced, thus having a positive impact on earnings. We do not expect any significant change to our unrecognized tax benefits\\nwithin the next year.\"},{\"bbox\":[113.9,1452.8,1533.8,1616.8],\"lines\":[{\"bbox\":[113.9,1452.8,1522.6,1483.5],\"text\":\"As a result of our global operations, we file income tax returns in various jurisdictions including U.S. federal, state and foreign\"},{\"bbox\":[113.9,1486.1,1533.8,1516.8],\"text\":\"jurisdictions. We are routinely subject to examination by taxing authorities throughout the world, including Australia, Belgium,\"},{\"bbox\":[113.9,1519.4,1488.8,1550.2],\"text\":\"Brazil, Canada, China, France, India, Mexico, the U.K. and the U.S. With few exceptions, our U.S. federal, major state and\"},{\"bbox\":[113.9,1552.8,1510.5,1583.5],\"text\":\"foreign jurisdictions are no longer subject to income tax assessments for years before 2010. We expect the U.S. examinations\"},{\"bbox\":[113.9,1586.1,777.2,1616.8],\"text\":\"related to tax years 2011-2012 will commence during 2014.\"}],\"order\":12,\"text\":\"As a result of our global operations, we file income tax returns in various jurisdictions including U.S. federal, state and foreign\\njurisdictions. We are routinely subject to examination by taxing authorities throughout the world, including Australia, Belgium,\\nBrazil, Canada, China, France, India, Mexico, the U.K. and the U.S. With few exceptions, our U.S. federal, major state and\\nforeign jurisdictions are no longer subject to income tax assessments for years before 2010. We expect the U.S. examinations\\nrelated to tax years 2011-2012 will commence during 2014.\"},{\"bbox\":[811.1,2062.5,838.9,2093.2],\"lines\":[{\"bbox\":[811.1,2062.5,838.9,2093.2],\"text\":\"88\"}],\"order\":13,\"text\":\"88\"}],\"doc\":\"fintabnet:CMI_2013\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"A reconciliation of unrecognized tax benefits was as follows:\\n\\nIn millions\\n\\n| Balance at December 31, 2010 | $85 |\\n| --- | --- |\\n| Additions based on tax positions related to the current year | 5 |\\n| Additions based on tax positions related to the prior years | 44 |\\n| Reductions for tax positions related to prior years | (3) |\\n| Reductions for tax positions relating to settlements with taxing authorities | (39) |\\n| Reductions for tax positions relating to lapse of statute of limitations | (6) |\\n| Balance at December 31, 2011 | 86 |\\n| Additions based on tax positions related to the current year | 4 |\\n| Additions based on tax positions related to the prior years | 57 |\\n| Reductions for tax positions related to prior years | (2) |\\n| Balance at December 31, 2012 | 145 |\\n| Additions based on tax positions related to the current year | 10 |\\n| Additions based on tax positions related to the prior years | 21 |\\n| Reductions for tax positions related to prior years | (6) |\\n| Reductions for tax positions relating to lapse of statute of limitations | (1) |\\n| Balance at December 31, 2013 | $169 |\\n\\nIncluded in the December 31, 2013 and 2012, balances are $107 million and $87 million related to tax positions that, if\\nrecognized, would favorably impact the effective tax rate in future periods. Also, we had accrued interest expense related to the\\nunrecognized tax benefits of $3 million, $2 million and $7 million as of December 31, 2013, 2012 and 2011, respectively. We\\nrecognize potential accrued interest and penalties related to unrecognized tax benefits in income tax expense. For the years\\nended December 31, 2013, 2012 and 2011, we recognized $1 million, $(3) million and $(15) million in net interest expense,\\nrespectively. In 2011, as a result of the settlement of certain tax positions with tax authorities in China, we reduced our liability\\nfor unrecognized tax benefits by $39 million and the related net accrued interest of $16 million. The $39 million reduction was\\nfully offset by adjustments to other income tax balance sheet accounts resulting in zero net income statement impact. As the\\nsettlement with the tax authorities included no interest or penalties being incurred, we recognized a $16 million income tax\\nbenefit in 2011 from the release of the accrued interest previously recorded related to the unrecognized tax benefits that were\\nsettled.\\n\\nAudit outcomes and the timing of audit settlements are subject to significant uncertainty. Although we believe that adequate\\nprovision has been made for such issues, there is the possibility that the ultimate resolution of such issues could have an\\nadverse effect on our earnings. Conversely, if these issues are resolved favorably in the future, the related provision would be\\nreduced, thus having a positive impact on earnings. We do not expect any significant change to our unrecognized tax benefits\\nwithin the next year.\\n\\nAs a result of our global operations, we file income tax returns in various jurisdictions including U.S. federal, state and foreign\\njurisdictions. We are routinely subject to examination by taxing authorities throughout the world, including Australia, Belgium,\\nBrazil, Canada, China, France, India, Mexico, the U.K. and the U.S. With few exceptions, our U.S. federal, major state and\\nforeign jurisdictions are no longer subject to income tax assessments for years before 2010. We expect the U.S. examinations\\nrelated to tax years 2011-2012 will commence during 2014.\\n\\n88\",\"name\":\"fintabnet.CMI_2013_page_88__200dpi_none\",\"page_id\":\"fintabnet.CMI_2013_page_88\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"CMI_2013_page_88\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[290.3,177.1,1362.4,838.6],\"block_orders\":[2,3,4,5,6,7,8,9],\"cells\":[{\"bbox\":[290.3,185.8,632.1,213.6],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\"Balance at December 31, 2010\"},{\"bbox\":[1234.8,185.8,1353.3,213.6],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"$85\"},{\"bbox\":[323.6,227.5,978.8,255.2],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Additions based on tax positions related to the current year\"},{\"bbox\":[1339.4,227.5,1353.3,255.2],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"5\"},{\"bbox\":[323.6,269.1,964.9,296.9],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Additions based on tax positions related to the prior years\"},{\"bbox\":[1325.5,269.1,1353.3,296.9],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"44\"},{\"bbox\":[323.6,310.8,873.8,338.6],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Reductions for tax positions related to prior years\"},{\"bbox\":[1330.0,310.6,1362.4,338.6],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"(3)\"},{\"bbox\":[323.6,352.5,1145.6,380.2],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Reductions for tax positions relating to settlements with taxing authorities\"},{\"bbox\":[1316.1,352.3,1362.4,380.2],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"(39)\"},{\"bbox\":[323.6,394.1,1086.1,421.9],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Reductions for tax positions relating to lapse of statute of limitations\"},{\"bbox\":[1330.0,394.0,1362.4,421.9],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"(6)\"},{\"bbox\":[290.3,435.8,632.1,463.6],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Balance at December 31, 2011\"},{\"bbox\":[1325.5,435.8,1353.3,463.6],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"86\"},{\"bbox\":[323.6,477.5,978.8,505.2],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Additions based on tax positions related to the current year\"},{\"bbox\":[1339.4,477.5,1353.3,505.2],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"4\"},{\"bbox\":[323.6,519.1,964.9,546.9],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Additions based on tax positions related to the prior years\"},{\"bbox\":[1325.5,519.1,1353.3,546.9],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"57\"},{\"bbox\":[323.6,560.8,873.8,588.6],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Reductions for tax positions related to prior years\"},{\"bbox\":[1330.0,560.6,1362.4,588.6],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"(2)\"},{\"bbox\":[290.3,602.5,632.1,630.2],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Balance at December 31, 2012\"},{\"bbox\":[1311.6,602.5,1353.3,630.2],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"145\"},{\"bbox\":[323.6,644.1,978.8,671.9],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"Additions based on tax positions related to the current year\"},{\"bbox\":[1325.4,644.1,1353.2,671.9],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"10\"},{\"bbox\":[323.6,685.8,964.9,713.6],\"c0\":0,\"c1\":0,\"r0\":12,\"r1\":12,\"text\":\"Additions based on tax positions related to the prior years\"},{\"bbox\":[1325.4,685.8,1353.2,713.6],\"c0\":1,\"c1\":1,\"r0\":12,\"r1\":12,\"text\":\"21\"},{\"bbox\":[323.6,727.5,873.8,755.3],\"c0\":0,\"c1\":0,\"r0\":13,\"r1\":13,\"text\":\"Reductions for tax positions related to prior years\"},{\"bbox\":[1330.0,727.3,1362.4,755.2],\"c0\":1,\"c1\":1,\"r0\":13,\"r1\":13,\"text\":\"(6)\"},{\"bbox\":[323.6,769.1,1086.1,796.9],\"c0\":0,\"c1\":0,\"r0\":14,\"r1\":14,\"text\":\"Reductions for tax positions relating to lapse of statute of limitations\"},{\"bbox\":[1330.0,769.0,1362.4,796.9],\"c0\":1,\"c1\":1,\"r0\":14,\"r1\":14,\"text\":\"(1)\"},{\"bbox\":[290.3,810.8,632.1,838.6],\"c0\":0,\"c1\":0,\"r0\":15,\"r1\":15,\"text\":\"Balance at December 31, 2013\"},{\"bbox\":[1234.7,810.8,1353.2,838.6],\"c0\":1,\"c1\":1,\"r0\":15,\"r1\":15,\"text\":\"$169\"}]}],\"text\":\"A reconciliation of unrecognized tax benefits was as follows:\\n\\nIn millions\\n\\nBalance at December 31, 2010\\nAdditions based on tax positions related to the current year\\nAdditions based on tax positions related to the prior years\\nReductions for tax positions related to prior years\\nReductions for tax positions relating to settlements with taxing authorities\\nReductions for tax positions relating to lapse of statute of limitations\\nBalance at December 31, 2011\\nAdditions based on tax positions related to the current year\\nAdditions based on tax positions related to the prior years\\nReductions for tax positions related to prior years\\nBalance at December 31, 2012\\nAdditions based on tax positions related to the current year\\nAdditions based on tax positions related to the prior years\\nReductions for tax positions related to prior years\\n\\nReductions for tax positions relating to lapse of statute of limitations\\nBalance at December 31, 2013\\n\\n$\\n\\n85\\n5\\n44\\n(3)\\n(39)\\n(6)\\n\\n86\\n4\\n57\\n(2)\\n\\n145\\n10\\n21\\n(6)\\n(1)\\n\\n$\\n\\n169\\n\\nIncluded in the December 31, 2013 and 2012, balances are $107 million and $87 million related to tax positions that, if\\nrecognized, would favorably impact the effective tax rate in future periods. Also, we had accrued interest expense related to the\\nunrecognized tax benefits of $3 million, $2 million and $7 million as of December 31, 2013, 2012 and 2011, respectively. We\\nrecognize potential accrued interest and penalties related to unrecognized tax benefits in income tax expense. For the years\\nended December 31, 2013, 2012 and 2011, we recognized $1 million, $(3) million and $(15) million in net interest expense,\\nrespectively. In 2011, as a result of the settlement of certain tax positions with tax authorities in China, we reduced our liability\\nfor unrecognized tax benefits by $39 million and the related net accrued interest of $16 million. The $39 million reduction was\\nfully offset by adjustments to other income tax balance sheet accounts resulting in zero net income statement impact. As the\\nsettlement with the tax authorities included no interest or penalties being incurred, we recognized a $16 million income tax\\nbenefit in 2011 from the release of the accrued interest previously recorded related to the unrecognized tax benefits that were\\nsettled.\\n\\nAudit outcomes and the timing of audit settlements are subject to significant uncertainty. Although we believe that adequate\\nprovision has been made for such issues, there is the possibility that the ultimate resolution of such issues could have an\\nadverse effect on our earnings. Conversely, if these issues are resolved favorably in the future, the related provision would be\\nreduced, thus having a positive impact on earnings. We do not expect any significant change to our unrecognized tax benefits\\nwithin the next year.\\n\\nAs a result of our global operations, we file income tax returns in various jurisdictions including U.S. federal, state and foreign\\njurisdictions. We are routinely subject to examination by taxing authorities throughout the world, including Australia, Belgium,\\nBrazil, Canada, China, France, India, Mexico, the U.K. and the U.S. With few exceptions, our U.S. federal, major state and\\nforeign jurisdictions are no longer subject to income tax assessments for years before 2010. We expect the U.S. examinations\\nrelated to tax years 2011-2012 will commence during 2014.\\n\\n88\"},\"name\":\"fintabnet.CMI_2013_page_88__200dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":232359,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:CMI_2013\",\"dpi\":200,\"gt_sha256\":\"d25d41d63cd0a3f2bec4b452b3b012b1c470ebe009bfd78601023c4a16b412e2\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.CMI_2013_page_88__200dpi_none\",\"page\":1,\"page_id\":\"fintabnet.CMI_2013_page_88\",\"pdf_sha256\":\"ab4d8bf9eb14d048f5f95e5799d6f2a8d50f81634312a01d70b57ad32383d1ba\",\"px\":[1650,2150],\"scan\":{\"render\":\"00001f801ff81fe81fc81ff87fbc7ffe7ffe7ffc7ffe7ffe0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"CMI_2013_page_88\",\"src\":{\"file_sha256\":\"d146a8190bbbdc1d6714bd4058ad5e783feb7f7c7bef2ffef449f1c082f538d4\",\"render\":\"00001f801fe81fe81f881ff87fbc7ffe7ffe7ffc7ffe7ffe0000000000000000\",\"text\":\"c3f5ec1d643638db4c8473c38e540a543273d41438f7a803e712c0694285b5e3\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ab4d8bf9eb14d048f5f95e5799d6f2a8d50f81634312a01d70b57ad32383d1ba\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ab4d8bf9eb14d048f5f95e5799d6f2a8d50f81634312a01d70b57ad32383d1ba.pdf","asset_sha256":"ab4d8bf9eb14d048f5f95e5799d6f2a8d50f81634312a01d70b57ad32383d1ba","document_id":"fintabnet:CMI_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMI_2013_page_88\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMI_2016_page_97\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:CMI_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[41.3,14.8,112.5,27.5],\"lines\":[{\"bbox\":[41.3,14.8,112.5,27.5],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[60.0,46.4,63.7,57.6],\"lines\":[{\"bbox\":[60.0,46.4,63.7,57.6],\"text\":\"•\"}],\"order\":1,\"text\":\"•\"},{\"bbox\":[78.0,35.3,553.8,69.2],\"lines\":[{\"bbox\":[78.0,35.3,553.5,57.2],\"text\":\"asset sale agreements where we agree to indemnify the purchaser against future environmental exposures related to the\"},{\"bbox\":[78.3,56.8,136.8,69.2],\"text\":\"asset sold; and\"}],\"order\":2,\"text\":\"asset sale agreements where we agree to indemnify the purchaser against future environmental exposures related to the\\nasset sold; and\"},{\"bbox\":[60.7,78.4,64.5,89.6],\"lines\":[{\"bbox\":[60.7,78.4,64.5,89.6],\"text\":\"•\"}],\"order\":3,\"text\":\"•\"},{\"bbox\":[78.7,68.3,507.4,101.1],\"lines\":[{\"bbox\":[78.7,68.3,507.1,89.1],\"text\":\"any contractual agreement where we agree to indemnify the counterparty for losses suffered as a result of a\"},{\"bbox\":[79.0,87.0,212.5,101.1],\"text\":\"misrepresentation in the contract.\"}],\"order\":4,\"text\":\"any contractual agreement where we agree to indemnify the counterparty for losses suffered as a result of a\\nmisrepresentation in the contract.\"},{\"bbox\":[43.4,99.4,549.3,146.0],\"lines\":[{\"bbox\":[43.4,99.4,548.8,122.0],\"text\":\"We regularly evaluate the probability of having to incur costs associated with these indemnities and accrue for expected losses\"},{\"bbox\":[43.7,111.4,546.5,134.0],\"text\":\"that are probable. Because the indemnifications are not related to specified known liabilities and due to their uncertain nature,\"},{\"bbox\":[44.0,125.0,476.3,146.0],\"text\":\"we are unable to estimate the maximum amount of the potential loss associated with these indemnifications.\"}],\"order\":5,\"text\":\"We regularly evaluate the probability of having to incur costs associated with these indemnities and accrue for expected losses\\nthat are probable. Because the indemnifications are not related to specified known liabilities and due to their uncertain nature,\\nwe are unable to estimate the maximum amount of the potential loss associated with these indemnifications.\"},{\"bbox\":[44.4,154.2,73.0,165.9],\"lines\":[{\"bbox\":[44.4,154.2,73.0,165.9],\"text\":\"Leases\"}],\"order\":6,\"text\":\"Leases\"},{\"bbox\":[44.9,163.7,538.3,209.9],\"lines\":[{\"bbox\":[44.9,163.7,537.8,185.9],\"text\":\"We lease certain manufacturing equipment, facilities, warehouses, office space and equipment, aircraft and automobiles for\"},{\"bbox\":[45.2,175.7,537.4,197.9],\"text\":\"varying periods under lease agreements. Most of the leases are non-cancelable operating leases with fixed rental payments,\"},{\"bbox\":[45.4,188.8,486.0,209.9],\"text\":\"expire over the next 10 years and contain renewal provisions. Rent expense under these leases was as follows:\"}],\"order\":7,\"text\":\"We lease certain manufacturing equipment, facilities, warehouses, office space and equipment, aircraft and automobiles for\\nvarying periods under lease agreements. Most of the leases are non-cancelable operating leases with fixed rental payments,\\nexpire over the next 10 years and contain renewal provisions. Rent expense under these leases was as follows:\"},{\"bbox\":[322.0,219.6,413.3,230.5],\"lines\":[{\"bbox\":[322.0,219.6,413.3,230.5],\"text\":\"Years ended December 31,\"}],\"order\":8,\"text\":\"Years ended December 31,\"},{\"bbox\":[168.4,237.3,205.2,247.0],\"lines\":[{\"bbox\":[168.4,237.3,205.2,247.0],\"text\":\"In millions\"}],\"order\":9,\"text\":\"In millions\"},{\"bbox\":[168.6,248.8,222.5,261.1],\"lines\":[{\"bbox\":[168.6,248.8,222.5,261.1],\"text\":\"Rent expense\"}],\"order\":10,\"text\":\"Rent expense\"},{\"bbox\":[311.3,234.5,327.5,243.7],\"lines\":[{\"bbox\":[311.3,234.5,327.5,243.7],\"text\":\"2016\"}],\"order\":11,\"text\":\"2016\"},{\"bbox\":[300.6,246.8,305.9,258.0],\"lines\":[{\"bbox\":[300.6,246.8,305.9,258.0],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[359.3,233.4,375.5,242.6],\"lines\":[{\"bbox\":[359.3,233.4,375.5,242.6],\"text\":\"2015\"}],\"order\":13,\"text\":\"2015\"},{\"bbox\":[323.2,246.0,338.5,257.4],\"lines\":[{\"bbox\":[323.2,246.0,338.5,257.4],\"text\":\"210\"}],\"order\":14,\"text\":\"210\"},{\"bbox\":[348.6,245.8,353.8,257.0],\"lines\":[{\"bbox\":[348.6,245.8,353.8,257.0],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[371.2,245.1,386.5,256.5],\"lines\":[{\"bbox\":[371.2,245.1,386.5,256.5],\"text\":\"205\"}],\"order\":16,\"text\":\"205\"},{\"bbox\":[407.3,232.3,423.5,241.5],\"lines\":[{\"bbox\":[407.3,232.3,423.5,241.5],\"text\":\"2014\"}],\"order\":17,\"text\":\"2014\"},{\"bbox\":[396.6,244.7,401.8,255.9],\"lines\":[{\"bbox\":[396.6,244.7,401.8,255.9],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[419.2,244.0,434.5,255.4],\"lines\":[{\"bbox\":[419.2,244.0,434.5,255.4],\"text\":\"195\"}],\"order\":19,\"text\":\"195\"},{\"bbox\":[47.2,268.8,401.8,287.9],\"lines\":[{\"bbox\":[47.2,268.8,401.8,287.9],\"text\":\"The following is a summary of the leased property under capital leases by major classes:\"}],\"order\":20,\"text\":\"The following is a summary of the leased property under capital leases by major classes:\"},{\"bbox\":[366.6,298.6,413.4,308.5],\"lines\":[{\"bbox\":[366.6,298.6,413.4,308.5],\"text\":\"December 31,\"}],\"order\":21,\"text\":\"December 31,\"},{\"bbox\":[173.2,316.2,210.0,325.9],\"lines\":[{\"bbox\":[173.2,316.2,210.0,325.9],\"text\":\"In millions\"}],\"order\":22,\"text\":\"In millions\"},{\"bbox\":[358.1,312.5,374.3,321.7],\"lines\":[{\"bbox\":[358.1,312.5,374.3,321.7],\"text\":\"2016\"}],\"order\":23,\"text\":\"2016\"},{\"bbox\":[173.4,325.9,306.3,396.0],\"lines\":[{\"bbox\":[173.4,328.1,208.7,340.0],\"text\":\"Building\"},{\"bbox\":[173.8,341.9,217.9,354.0],\"text\":\"Equipment\"},{\"bbox\":[174.1,356.4,194.9,368.0],\"text\":\"Land\"},{\"bbox\":[174.4,367.9,306.0,382.0],\"text\":\"Less: Accumulated depreciation\"},{\"bbox\":[186.7,384.2,208.1,395.7],\"text\":\"Total\"}],\"order\":24,\"text\":\"Building\\nEquipment\\nLand\\nLess: Accumulated depreciation\\nTotal\"},{\"bbox\":[347.4,324.7,352.6,335.9],\"lines\":[{\"bbox\":[347.4,324.7,352.6,335.9],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[348.7,380.7,353.9,391.9],\"lines\":[{\"bbox\":[348.7,380.7,353.9,391.9],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[406.1,311.4,422.3,320.6],\"lines\":[{\"bbox\":[406.1,311.4,422.3,320.6],\"text\":\"2015\"}],\"order\":27,\"text\":\"2015\"},{\"bbox\":[366.7,323.6,401.9,391.6],\"lines\":[{\"bbox\":[370.0,323.6,400.6,335.5],\"text\":\"113 $\"},{\"bbox\":[370.4,338.0,385.6,349.4],\"text\":\"109\"},{\"bbox\":[375.7,352.0,385.9,363.3],\"text\":\"15\"},{\"bbox\":[367.6,365.9,389.6,377.5],\"text\":\"(133)\"},{\"bbox\":[371.3,379.6,401.9,391.5],\"text\":\"104 $\"}],\"order\":28,\"text\":\"113 $\\n109\\n15\\n(133)\\n104 $\"},{\"bbox\":[414.7,322.9,437.9,390.5],\"lines\":[{\"bbox\":[418.0,323.0,433.3,334.4],\"text\":\"113\"},{\"bbox\":[423.3,337.0,433.6,348.3],\"text\":\"86\"},{\"bbox\":[423.7,351.0,433.9,362.3],\"text\":\"15\"},{\"bbox\":[415.6,364.9,437.6,376.4],\"text\":\"(112)\"},{\"bbox\":[419.3,379.0,434.5,390.4],\"text\":\"102\"}],\"order\":29,\"text\":\"113\\n86\\n15\\n(112)\\n102\"},{\"bbox\":[50.3,400.3,554.8,446.9],\"lines\":[{\"bbox\":[50.3,400.3,554.2,422.9],\"text\":\"Following is a summary of the future minimum lease payments due under capital and operating leases, including leases in our\"},{\"bbox\":[50.6,412.5,548.4,434.9],\"text\":\"rental business, with terms of more than one year at December 31, 2016, together with the net present value of the minimum\"},{\"bbox\":[50.8,432.6,189.9,446.9],\"text\":\"payments due under capital leases:\"}],\"order\":30,\"text\":\"Following is a summary of the future minimum lease payments due under capital and operating leases, including leases in our\\nrental business, with terms of more than one year at December 31, 2016, together with the net present value of the minimum\\npayments due under capital leases:\"},{\"bbox\":[118.0,462.5,154.9,472.2],\"lines\":[{\"bbox\":[118.0,462.5,154.9,472.2],\"text\":\"In millions\"}],\"order\":31,\"text\":\"In millions\"},{\"bbox\":[354.4,456.8,404.6,466.8],\"lines\":[{\"bbox\":[354.4,456.8,404.6,466.8],\"text\":\"Capital Leases\"}],\"order\":32,\"text\":\"Capital Leases\"},{\"bbox\":[118.3,471.4,329.1,607.1],\"lines\":[{\"bbox\":[118.3,475.7,138.5,487.2],\"text\":\"2017\"},{\"bbox\":[118.6,490.7,138.9,502.2],\"text\":\"2018\"},{\"bbox\":[119.0,505.6,139.2,517.2],\"text\":\"2019\"},{\"bbox\":[119.3,520.6,139.5,532.2],\"text\":\"2020\"},{\"bbox\":[119.6,535.6,139.9,547.2],\"text\":\"2021\"},{\"bbox\":[120.0,550.1,163.8,562.2],\"text\":\"After 2021\"},{\"bbox\":[132.3,563.0,258.4,576.9],\"text\":\"Total minimum lease payments\"},{\"bbox\":[120.7,580.4,150.9,592.2],\"text\":\"Interest\"},{\"bbox\":[145.0,591.4,329.1,606.6],\"text\":\"Present value of net minimum lease payments\"}],\"order\":33,\"text\":\"2017\\n2018\\n2019\\n2020\\n2021\\nAfter 2021\\nTotal minimum lease payments\\nInterest\\nPresent value of net minimum lease payments\"},{\"bbox\":[346.2,470.8,351.5,482.0],\"lines\":[{\"bbox\":[346.2,470.8,351.5,482.0],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[348.3,560.8,353.5,572.0],\"lines\":[{\"bbox\":[348.3,560.8,353.5,572.0],\"text\":\"$\"}],\"order\":35,\"text\":\"$\"},{\"bbox\":[348.9,590.8,354.2,602.0],\"lines\":[{\"bbox\":[348.9,590.8,354.2,602.0],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[397.9,469.1,430.8,585.7],\"lines\":[{\"bbox\":[402.9,469.1,428.4,480.7],\"text\":\"25 $\"},{\"bbox\":[403.2,484.4,413.4,495.7],\"text\":\"22\"},{\"bbox\":[403.5,499.4,413.8,510.7],\"text\":\"19\"},{\"bbox\":[408.9,514.4,414.1,525.6],\"text\":\"7\"},{\"bbox\":[409.2,529.4,414.5,540.6],\"text\":\"6\"},{\"bbox\":[404.6,544.4,414.8,555.7],\"text\":\"39\"},{\"bbox\":[399.9,559.0,430.5,570.8],\"text\":\"118 $\"},{\"bbox\":[401.9,574.3,418.8,585.7],\"text\":\"(30)\"}],\"order\":37,\"text\":\"25 $\\n22\\n19\\n7\\n6\\n39\\n118 $\\n(30)\"},{\"bbox\":[429.0,454.9,489.0,465.1],\"lines\":[{\"bbox\":[429.0,454.9,489.0,465.1],\"text\":\"Operating Leases\"}],\"order\":38,\"text\":\"Operating Leases\"},{\"bbox\":[479.8,467.5,497.1,568.9],\"lines\":[{\"bbox\":[479.8,467.5,495.1,478.9],\"text\":\"141\"},{\"bbox\":[480.2,482.5,495.4,493.9],\"text\":\"101\"},{\"bbox\":[485.5,497.5,495.8,508.8],\"text\":\"81\"},{\"bbox\":[485.9,512.5,496.1,523.8],\"text\":\"59\"},{\"bbox\":[486.2,527.5,496.4,538.8],\"text\":\"44\"},{\"bbox\":[486.5,542.5,496.8,553.8],\"text\":\"93\"},{\"bbox\":[481.9,557.5,497.1,568.9],\"text\":\"519\"}],\"order\":39,\"text\":\"141\\n101\\n81\\n59\\n44\\n93\\n519\"},{\"bbox\":[405.6,589.4,415.8,600.7],\"lines\":[{\"bbox\":[405.6,589.4,415.8,600.7],\"text\":\"88\"}],\"order\":40,\"text\":\"88\"},{\"bbox\":[55.1,610.1,566.3,644.8],\"lines\":[{\"bbox\":[55.1,610.1,566.0,632.8],\"text\":\"In addition, we have subleased certain facilities under operating leases to third parties. The future minimum lease payments due\"},{\"bbox\":[55.3,625.1,434.0,644.8],\"text\":\"from lessees under those arrangements are less than $1 million per year for the next five years.\"}],\"order\":41,\"text\":\"In addition, we have subleased certain facilities under operating leases to third parties. The future minimum lease payments due\\nfrom lessees under those arrangements are less than $1 million per year for the next five years.\"},{\"bbox\":[56.0,657.7,232.6,672.8],\"lines\":[{\"bbox\":[56.0,657.7,232.6,672.8],\"text\":\"NOTE 13. SHAREHOLDERS' EQUITY\"}],\"order\":42,\"text\":\"NOTE 13. SHAREHOLDERS' EQUITY\"},{\"bbox\":[56.4,678.7,191.1,692.8],\"lines\":[{\"bbox\":[56.4,678.7,191.1,692.8],\"text\":\"Preferred and Preference Stock\"}],\"order\":43,\"text\":\"Preferred and Preference Stock\"},{\"bbox\":[56.9,690.1,567.8,736.8],\"lines\":[{\"bbox\":[56.9,690.2,564.9,712.8],\"text\":\"We are authorized to issue one million shares each of zero par value preferred and preference stock with preferred shares being\"},{\"bbox\":[57.2,702.1,567.5,724.8],\"text\":\"senior to preference shares. We can determine the number of shares of each series, and the rights, preferences and limitations of\"},{\"bbox\":[57.4,717.4,422.2,736.8],\"text\":\"each series. At December 31, 2016, there was no preferred or preference stock outstanding.\"}],\"order\":44,\"text\":\"We are authorized to issue one million shares each of zero par value preferred and preference stock with preferred shares being\\nsenior to preference shares. We can determine the number of shares of each series, and the rights, preferences and limitations of\\neach series. At December 31, 2016, there was no preferred or preference stock outstanding.\"},{\"bbox\":[309.1,751.3,319.3,762.6],\"lines\":[{\"bbox\":[309.1,751.3,319.3,762.6],\"text\":\"97\"}],\"order\":45,\"text\":\"97\"}],\"doc\":\"fintabnet:CMI_2016\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Table of Contents\\n\\n•\\n\\nasset sale agreements where we agree to indemnify the purchaser against future environmental exposures related to the\\nasset sold; and\\n\\n•\\n\\nany contractual agreement where we agree to indemnify the counterparty for losses suffered as a result of a\\nmisrepresentation in the contract.\\n\\nWe regularly evaluate the probability of having to incur costs associated with these indemnities and accrue for expected losses\\nthat are probable. Because the indemnifications are not related to specified known liabilities and due to their uncertain nature,\\nwe are unable to estimate the maximum amount of the potential loss associated with these indemnifications.\\n\\nLeases\\n\\nWe lease certain manufacturing equipment, facilities, warehouses, office space and equipment, aircraft and automobiles for\\nvarying periods under lease agreements. Most of the leases are non-cancelable operating leases with fixed rental payments,\\nexpire over the next 10 years and contain renewal provisions. Rent expense under these leases was as follows:\\n\\nYears ended December 31,\\n\\nIn millions\\n\\nRent expense\\n\\n2016\\n\\n$\\n\\n2015\\n\\n210\\n\\n$\\n\\n205\\n\\n2014\\n\\n$\\n\\n195\\n\\nThe following is a summary of the leased property under capital leases by major classes:\\n\\nDecember 31,\\n\\nIn millions\\n\\n2016\\n\\nBuilding\\nEquipment\\nLand\\nLess: Accumulated depreciation\\nTotal\\n\\n$\\n\\n$\\n\\n2015\\n\\n113 $\\n109\\n15\\n(133)\\n104 $\\n\\n113\\n86\\n15\\n(112)\\n102\\n\\nFollowing is a summary of the future minimum lease payments due under capital and operating leases, including leases in our\\nrental business, with terms of more than one year at December 31, 2016, together with the net present value of the minimum\\npayments due under capital leases:\\n\\nIn millions\\n\\nCapital Leases\\n\\n2017\\n2018\\n2019\\n2020\\n2021\\nAfter 2021\\nTotal minimum lease payments\\nInterest\\nPresent value of net minimum lease payments\\n\\n$\\n\\n$\\n\\n$\\n\\n25 $\\n22\\n19\\n7\\n6\\n39\\n118 $\\n(30)\\n\\nOperating Leases\\n\\n141\\n101\\n81\\n59\\n44\\n93\\n519\\n\\n88\\n\\nIn addition, we have subleased certain facilities under operating leases to third parties. The future minimum lease payments due\\nfrom lessees under those arrangements are less than $1 million per year for the next five years.\\n\\nNOTE 13. SHAREHOLDERS' EQUITY\\n\\nPreferred and Preference Stock\\n\\nWe are authorized to issue one million shares each of zero par value preferred and preference stock with preferred shares being\\nsenior to preference shares. We can determine the number of shares of each series, and the rights, preferences and limitations of\\neach series. At December 31, 2016, there was no preferred or preference stock outstanding.\\n\\n97\",\"name\":\"fintabnet.CMI_2016_page_97__72dpi_medium\",\"page_id\":\"fintabnet.CMI_2016_page_97\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.304,\"source\":\"fintabnet\",\"source_id\":\"CMI_2016_page_97\",\"stack\":[{\"deg\":1.304,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.769},{\"op\":\"noise\",\"sigma\":8.689},{\"op\":\"jpeg\",\"q\":60}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[168.1,219.1,434.5,261.1],\"block_orders\":[8,9,10,11,12,13,14,15,16,17,18,19],\"cells\":null},{\"bbox\":[172.9,298.1,437.9,396.0],\"block_orders\":[21,22,23,24,25,26,27,28,29],\"cells\":null}],\"text\":\"Table of Contents\\n\\n•\\n\\nasset sale agreements where we agree to indemnify the purchaser against future environmental exposures related to the\\nasset sold; and\\n\\n•\\n\\nany contractual agreement where we agree to indemnify the counterparty for losses suffered as a result of a\\nmisrepresentation in the contract.\\n\\nWe regularly evaluate the probability of having to incur costs associated with these indemnities and accrue for expected losses\\nthat are probable. Because the indemnifications are not related to specified known liabilities and due to their uncertain nature,\\nwe are unable to estimate the maximum amount of the potential loss associated with these indemnifications.\\n\\nLeases\\n\\nWe lease certain manufacturing equipment, facilities, warehouses, office space and equipment, aircraft and automobiles for\\nvarying periods under lease agreements. Most of the leases are non-cancelable operating leases with fixed rental payments,\\nexpire over the next 10 years and contain renewal provisions. Rent expense under these leases was as follows:\\n\\nYears ended December 31,\\n\\nIn millions\\n\\nRent expense\\n\\n2016\\n\\n$\\n\\n2015\\n\\n210\\n\\n$\\n\\n205\\n\\n2014\\n\\n$\\n\\n195\\n\\nThe following is a summary of the leased property under capital leases by major classes:\\n\\nDecember 31,\\n\\nIn millions\\n\\n2016\\n\\nBuilding\\nEquipment\\nLand\\nLess: Accumulated depreciation\\nTotal\\n\\n$\\n\\n$\\n\\n2015\\n\\n113 $\\n109\\n15\\n(133)\\n104 $\\n\\n113\\n86\\n15\\n(112)\\n102\\n\\nFollowing is a summary of the future minimum lease payments due under capital and operating leases, including leases in our\\nrental business, with terms of more than one year at December 31, 2016, together with the net present value of the minimum\\npayments due under capital leases:\\n\\nIn millions\\n\\nCapital Leases\\n\\n2017\\n2018\\n2019\\n2020\\n2021\\nAfter 2021\\nTotal minimum lease payments\\nInterest\\nPresent value of net minimum lease payments\\n\\n$\\n\\n$\\n\\n$\\n\\n25 $\\n22\\n19\\n7\\n6\\n39\\n118 $\\n(30)\\n\\nOperating Leases\\n\\n141\\n101\\n81\\n59\\n44\\n93\\n519\\n\\n88\\n\\nIn addition, we have subleased certain facilities under operating leases to third parties. The future minimum lease payments due\\nfrom lessees under those arrangements are less than $1 million per year for the next five years.\\n\\nNOTE 13. SHAREHOLDERS' EQUITY\\n\\nPreferred and Preference Stock\\n\\nWe are authorized to issue one million shares each of zero par value preferred and preference stock with preferred shares being\\nsenior to preference shares. We can determine the number of shares of each series, and the rights, preferences and limitations of\\neach series. At December 31, 2016, there was no preferred or preference stock outstanding.\\n\\n97\"},\"name\":\"fintabnet.CMI_2016_page_97__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":64139,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:CMI_2016\",\"dpi\":72,\"gt_sha256\":\"61de70688ab9cf8e535d5b50c4e18748a3db076ec027afa5fde45990e7bd4654\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.CMI_2016_page_97__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.CMI_2016_page_97\",\"pdf_sha256\":\"72f3f410f3393d40a9a0f1ec31cca8bfb7caae3724f223e46a5b9c9a296fc421\",\"px\":[612,792],\"scan\":{\"render\":\"00003c007ffc7ffc0ce00fc004700f707ffc107810381e783ff87c007ffe0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"CMI_2016_page_97\",\"src\":{\"file_sha256\":\"364e9f1bfbd67d87a87948311817f1e4cb9f89e12aa4021185d448136a5c0906\",\"render\":\"20003c007ffc7ffc00f00fe00c700ff07ffc10781ff81e783ff878007ffc0000\",\"text\":\"795a0b437c93cc518d1d9a979e5744be6ecd9e64f64c63ca3c9382aec4a2c3ef\"},\"stack\":[{\"deg\":1.304,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.769},{\"op\":\"noise\",\"sigma\":8.689},{\"op\":\"jpeg\",\"q\":60}],\"tools\":\"21647cade0ee\"},\"sha256\":\"72f3f410f3393d40a9a0f1ec31cca8bfb7caae3724f223e46a5b9c9a296fc421\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/72f3f410f3393d40a9a0f1ec31cca8bfb7caae3724f223e46a5b9c9a296fc421.pdf","asset_sha256":"72f3f410f3393d40a9a0f1ec31cca8bfb7caae3724f223e46a5b9c9a296fc421","document_id":"fintabnet:CMI_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"CMI_2016_page_97\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"C_2009_page_222\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:C_2009\",\"ground_truth\":{\"blocks\":[{\"bbox\":[96.8,166.5,609.8,214.2],\"lines\":[{\"bbox\":[117.7,166.5,603.4,189.2],\"text\":\"The following table summarizes selected cash flow information related to\"},{\"bbox\":[96.8,191.5,609.8,214.2],\"text\":\"asset-based financing for the years ended December 31, 2009, 2008 and 2007:\"}],\"order\":0,\"text\":\"The following table summarizes selected cash flow information related to\\nasset-based financing for the years ended December 31, 2009, 2008 and 2007:\"},{\"bbox\":[96.8,236.2,199.4,253.2],\"lines\":[{\"bbox\":[96.8,236.2,199.4,253.2],\"text\":\"In billions of dollars\"}],\"order\":1,\"text\":\"In billions of dollars\"},{\"bbox\":[437.1,234.1,469.2,253.9],\"lines\":[{\"bbox\":[437.1,234.1,469.2,253.9],\"text\":\"2009\"}],\"order\":2,\"text\":\"2009\"},{\"bbox\":[508.1,234.7,540.1,253.6],\"lines\":[{\"bbox\":[508.1,234.7,540.1,253.6],\"text\":\"2008\"}],\"order\":3,\"text\":\"2008\"},{\"bbox\":[579.0,234.7,611.0,253.6],\"lines\":[{\"bbox\":[579.0,234.7,611.0,253.6],\"text\":\"2007\"}],\"order\":4,\"text\":\"2007\"},{\"bbox\":[96.8,265.7,339.2,304.6],\"lines\":[{\"bbox\":[96.8,265.7,339.2,284.6],\"text\":\"Cash flows received on retained interests\"},{\"bbox\":[111.4,285.7,256.6,304.6],\"text\":\"and other net cash flows\"}],\"order\":5,\"text\":\"Cash flows received on retained interests\\nand other net cash flows\"},{\"bbox\":[441.1,285.1,469.2,304.9],\"lines\":[{\"bbox\":[441.1,285.1,469.2,304.9],\"text\":\"$2.7\"}],\"order\":6,\"text\":\"$2.7\"},{\"bbox\":[512.1,285.7,540.1,304.6],\"lines\":[{\"bbox\":[512.1,285.7,540.1,304.6],\"text\":\"$1.7\"}],\"order\":7,\"text\":\"$1.7\"},{\"bbox\":[586.3,285.7,611.0,304.6],\"lines\":[{\"bbox\":[586.3,285.7,611.0,304.6],\"text\":\"$—\"}],\"order\":8,\"text\":\"$—\"},{\"bbox\":[646.2,166.5,1159.1,1239.8],\"lines\":[{\"bbox\":[667.1,166.5,1152.7,189.2],\"text\":\"Credit rating distribution is based on the external rating of the municipal\"},{\"bbox\":[646.2,191.5,1148.0,214.2],\"text\":\"bonds within the TOB trusts, including any credit enhancement provided by\"},{\"bbox\":[646.2,216.5,1155.6,239.2],\"text\":\"monoline insurance companies or the Company in the primary or secondary\"},{\"bbox\":[646.2,241.5,1115.2,264.2],\"text\":\"markets, as discussed below. The total assets for proprietary TOB Trusts\"},{\"bbox\":[646.2,266.5,1159.1,289.2],\"text\":\"(consolidated and non-consolidated) includes $0.7 billion of assets where the\"},{\"bbox\":[646.2,291.5,1150.4,314.2],\"text\":\"Residuals are held by a hedge fund that is consolidated and managed by the\"},{\"bbox\":[646.2,316.6,714.0,339.3],\"text\":\"Company.\"},{\"bbox\":[667.1,341.6,1152.1,364.3],\"text\":\"The TOB trusts fund the purchase of their assets by issuing Floaters along\"},{\"bbox\":[646.2,366.6,1142.8,389.3],\"text\":\"with Residuals, which are frequently less than 1% of a trust’s total funding.\"},{\"bbox\":[646.2,391.6,1148.6,414.3],\"text\":\"The tenor of the Floaters matches the maturity of the TOB trust and is equal\"},{\"bbox\":[646.2,416.6,1148.6,439.3],\"text\":\"to or shorter than the tenor of the municipal bond held by the trust, and the\"},{\"bbox\":[646.2,441.6,1157.4,464.3],\"text\":\"Floaters bear interest rates that are typically reset weekly to a new market rate\"},{\"bbox\":[646.2,466.6,1129.5,489.3],\"text\":\"(based on the SIFMA index). Floater holders have an option to tender the\"},{\"bbox\":[646.2,491.7,1138.2,514.4],\"text\":\"Floaters they hold back to the trust periodically. Customer TOB trusts issue\"},{\"bbox\":[646.2,516.7,1147.5,539.4],\"text\":\"the Floaters and Residuals to third parties. Proprietary and QSPE TOB trusts\"},{\"bbox\":[646.2,541.7,1156.7,564.4],\"text\":\"issue the Floaters to third parties and the Residuals are held by the Company.\"},{\"bbox\":[667.1,566.7,1141.2,589.4],\"text\":\"Approximately $2.2 billion of the municipal bonds owned by TOB trusts\"},{\"bbox\":[646.2,591.7,1139.4,614.4],\"text\":\"have an additional credit guarantee provided by the Company. In all other\"},{\"bbox\":[646.2,616.7,1115.1,639.4],\"text\":\"cases, the assets are either unenhanced or are insured with a monoline\"},{\"bbox\":[646.2,641.7,1108.8,664.4],\"text\":\"insurance provider in the primary market or in the secondary market.\"},{\"bbox\":[646.2,666.7,1134.1,689.4],\"text\":\"While the trusts have not encountered any adverse credit events as defined\"},{\"bbox\":[646.2,691.8,1145.7,714.5],\"text\":\"in the underlying trust agreements, certain monoline insurance companies\"},{\"bbox\":[646.2,716.8,1141.1,739.5],\"text\":\"have experienced downgrades. In these cases, the Company has proactively\"},{\"bbox\":[646.2,741.8,1109.4,764.5],\"text\":\"managed the TOB programs by applying additional secondary market\"},{\"bbox\":[646.2,766.8,1124.3,789.5],\"text\":\"insurance on the assets or proceeding with orderly unwinds of the trusts.\"},{\"bbox\":[667.1,791.8,1131.3,814.5],\"text\":\"The Company, in its capacity as remarketing agent, facilitates the sale\"},{\"bbox\":[646.2,816.8,1122.6,839.5],\"text\":\"of the Floaters to third parties at inception of the trust and facilitates the\"},{\"bbox\":[646.2,841.8,1136.5,864.5],\"text\":\"reset of the Floater coupon and tenders of Floaters. If Floaters are tendered\"},{\"bbox\":[646.2,866.9,1145.2,889.6],\"text\":\"and the Company (in its role as remarketing agent) is unable to find a new\"},{\"bbox\":[646.2,891.9,1151.5,914.6],\"text\":\"investor within a specified period of time, it can declare a failed remarketing\"},{\"bbox\":[646.2,916.9,1117.9,939.6],\"text\":\"(in which case the trust is unwound) or may choose to buy the Floaters\"},{\"bbox\":[646.2,941.9,1115.0,964.6],\"text\":\"into its own inventory and may continue to try to sell it to a third-party\"},{\"bbox\":[646.2,966.9,1135.8,989.6],\"text\":\"investor. While the level of the Company’s inventory of Floaters fluctuates,\"},{\"bbox\":[646.2,991.9,1124.3,1014.6],\"text\":\"the Company held none of the Floater inventory related to the customer,\"},{\"bbox\":[646.2,1016.9,1060.2,1039.6],\"text\":\"proprietary and QSPE TOB programs as of December 31, 2009.\"},{\"bbox\":[667.1,1042.0,1113.8,1064.7],\"text\":\"If a trust is unwound early due to an event other than a credit event\"},{\"bbox\":[646.2,1067.0,1108.1,1089.7],\"text\":\"on the underlying municipal bond, the underlying municipal bond is\"},{\"bbox\":[646.2,1092.0,1134.2,1114.7],\"text\":\"sold in the secondary market. If there is an accompanying shortfall in the\"},{\"bbox\":[646.2,1117.0,1119.1,1139.7],\"text\":\"trust’s cash flows to fund the redemption of the Floaters after the sale of\"},{\"bbox\":[646.2,1142.0,1128.4,1164.7],\"text\":\"the underlying municipal bond, the trust draws on a liquidity agreement\"},{\"bbox\":[646.2,1167.0,1119.1,1189.7],\"text\":\"in an amount equal to the shortfall. Liquidity agreements are generally\"},{\"bbox\":[646.2,1192.0,1120.9,1214.7],\"text\":\"provided to the trust directly by the Company. For customer TOBs where\"},{\"bbox\":[646.2,1217.1,1133.0,1239.8],\"text\":\"the Residual is less than 25% of the trust’s capital structure, the Company\"}],\"order\":9,\"text\":\"Credit rating distribution is based on the external rating of the municipal\\nbonds within the TOB trusts, including any credit enhancement provided by\\nmonoline insurance companies or the Company in the primary or secondary\\nmarkets, as discussed below. The total assets for proprietary TOB Trusts\\n(consolidated and non-consolidated) includes $0.7 billion of assets where the\\nResiduals are held by a hedge fund that is consolidated and managed by the\\nCompany.\\nThe TOB trusts fund the purchase of their assets by issuing Floaters along\\nwith Residuals, which are frequently less than 1% of a trust’s total funding.\\nThe tenor of the Floaters matches the maturity of the TOB trust and is equal\\nto or shorter than the tenor of the municipal bond held by the trust, and the\\nFloaters bear interest rates that are typically reset weekly to a new market rate\\n(based on the SIFMA index). Floater holders have an option to tender the\\nFloaters they hold back to the trust periodically. Customer TOB trusts issue\\nthe Floaters and Residuals to third parties. Proprietary and QSPE TOB trusts\\nissue the Floaters to third parties and the Residuals are held by the Company.\\nApproximately $2.2 billion of the municipal bonds owned by TOB trusts\\nhave an additional credit guarantee provided by the Company. In all other\\ncases, the assets are either unenhanced or are insured with a monoline\\ninsurance provider in the primary market or in the secondary market.\\nWhile the trusts have not encountered any adverse credit events as defined\\nin the underlying trust agreements, certain monoline insurance companies\\nhave experienced downgrades. In these cases, the Company has proactively\\nmanaged the TOB programs by applying additional secondary market\\ninsurance on the assets or proceeding with orderly unwinds of the trusts.\\nThe Company, in its capacity as remarketing agent, facilitates the sale\\nof the Floaters to third parties at inception of the trust and facilitates the\\nreset of the Floater coupon and tenders of Floaters. If Floaters are tendered\\nand the Company (in its role as remarketing agent) is unable to find a new\\ninvestor within a specified period of time, it can declare a failed remarketing\\n(in which case the trust is unwound) or may choose to buy the Floaters\\ninto its own inventory and may continue to try to sell it to a third-party\\ninvestor. While the level of the Company’s inventory of Floaters fluctuates,\\nthe Company held none of the Floater inventory related to the customer,\\nproprietary and QSPE TOB programs as of December 31, 2009.\\nIf a trust is unwound early due to an event other than a credit event\\non the underlying municipal bond, the underlying municipal bond is\\nsold in the secondary market. If there is an accompanying shortfall in the\\ntrust’s cash flows to fund the redemption of the Floaters after the sale of\\nthe underlying municipal bond, the trust draws on a liquidity agreement\\nin an amount equal to the shortfall. Liquidity agreements are generally\\nprovided to the trust directly by the Company. For customer TOBs where\\nthe Residual is less than 25% of the trust’s capital structure, the Company\"},{\"bbox\":[96.8,319.8,605.0,367.5],\"lines\":[{\"bbox\":[117.7,319.8,605.0,342.5],\"text\":\"The effect of two negative changes in discount rates used to determine the\"},{\"bbox\":[96.8,344.8,417.5,367.5],\"text\":\"fair value of retained interests is disclosed below.\"}],\"order\":10,\"text\":\"The effect of two negative changes in discount rates used to determine the\\nfair value of retained interests is disclosed below.\"},{\"bbox\":[96.8,393.5,203.1,410.6],\"lines\":[{\"bbox\":[96.8,393.5,203.1,410.6],\"text\":\"In millions of dollars\"}],\"order\":11,\"text\":\"In millions of dollars\"},{\"bbox\":[96.8,422.7,330.2,505.0],\"lines\":[{\"bbox\":[96.8,422.7,330.2,442.4],\"text\":\"Carrying value of retained interests\"},{\"bbox\":[100.2,444.2,264.2,463.1],\"text\":\"Value of underlying portfolio\"},{\"bbox\":[126.4,465.2,268.0,484.0],\"text\":\"Adverse change of 10%\"},{\"bbox\":[126.4,486.1,268.0,505.0],\"text\":\"Adverse change of 20%\"}],\"order\":12,\"text\":\"Carrying value of retained interests\\nValue of underlying portfolio\\nAdverse change of 10%\\nAdverse change of 20%\"},{\"bbox\":[528.3,371.5,611.0,411.2],\"lines\":[{\"bbox\":[528.3,371.5,611.0,391.2],\"text\":\"Asset-based\"},{\"bbox\":[548.9,391.5,611.0,411.2],\"text\":\"financing\"}],\"order\":13,\"text\":\"Asset-based\\nfinancing\"},{\"bbox\":[564.6,422.7,611.0,442.4],\"lines\":[{\"bbox\":[564.6,422.7,611.0,442.4],\"text\":\"$ 6,981\"}],\"order\":14,\"text\":\"$ 6,981\"},{\"bbox\":[564.6,465.2,572.6,484.0],\"lines\":[{\"bbox\":[564.6,465.2,572.6,484.0],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[583.3,465.2,614.7,505.0],\"lines\":[{\"bbox\":[594.3,465.2,611.0,484.0],\"text\":\"—\"},{\"bbox\":[583.3,486.1,614.7,505.0],\"text\":\"(265)\"}],\"order\":16,\"text\":\"—\\n(265)\"},{\"bbox\":[96.8,532.0,600.4,855.6],\"lines\":[{\"bbox\":[96.8,532.0,567.1,555.5],\"text\":\"Municipal Securities Tender Option Bond (TOB) Trusts\"},{\"bbox\":[96.8,557.7,551.8,580.4],\"text\":\"The Company sponsors TOB trusts that hold fixed- and floating-rate,\"},{\"bbox\":[96.8,582.7,588.3,605.4],\"text\":\"tax-exempt securities issued by state or local municipalities. The trusts are\"},{\"bbox\":[96.8,607.7,591.8,630.4],\"text\":\"typically single-issuer trusts whose assets are purchased from the Company\"},{\"bbox\":[96.8,632.7,587.2,655.4],\"text\":\"and from the secondary market. The trusts issue long-term senior floating\"},{\"bbox\":[96.8,657.8,600.4,680.5],\"text\":\"rate notes (Floaters) and junior residual securities (Residuals). The Floaters\"},{\"bbox\":[96.8,682.8,577.9,705.5],\"text\":\"have a long-term rating based on the long-term rating of the underlying\"},{\"bbox\":[96.8,707.8,559.3,730.5],\"text\":\"municipal bond and a short-term rating based on that of the liquidity\"},{\"bbox\":[96.8,732.8,583.6,755.5],\"text\":\"provider to the trust. The Residuals are generally rated based on the long-\"},{\"bbox\":[96.8,757.8,591.1,780.5],\"text\":\"term rating of the underlying municipal bond and entitle the holder to the\"},{\"bbox\":[96.8,782.8,373.0,805.5],\"text\":\"residual cash flows from the issuing trust.\"},{\"bbox\":[117.7,807.8,585.4,830.5],\"text\":\"The Company sponsors three kinds of TOB trusts: customer TOB trusts,\"},{\"bbox\":[96.8,832.9,390.3,855.6],\"text\":\"proprietary TOB trusts and QSPE TOB trusts.\"}],\"order\":17,\"text\":\"Municipal Securities Tender Option Bond (TOB) Trusts\\nThe Company sponsors TOB trusts that hold fixed- and floating-rate,\\ntax-exempt securities issued by state or local municipalities. The trusts are\\ntypically single-issuer trusts whose assets are purchased from the Company\\nand from the secondary market. The trusts issue long-term senior floating\\nrate notes (Floaters) and junior residual securities (Residuals). The Floaters\\nhave a long-term rating based on the long-term rating of the underlying\\nmunicipal bond and a short-term rating based on that of the liquidity\\nprovider to the trust. The Residuals are generally rated based on the long-\\nterm rating of the underlying municipal bond and entitle the holder to the\\nresidual cash flows from the issuing trust.\\nThe Company sponsors three kinds of TOB trusts: customer TOB trusts,\\nproprietary TOB trusts and QSPE TOB trusts.\"},{\"bbox\":[96.8,868.3,609.1,1370.4],\"lines\":[{\"bbox\":[96.8,868.3,554.2,891.0],\"text\":\"• Customer TOB trusts are trusts through which customers finance\"},{\"bbox\":[117.7,893.3,565.1,916.0],\"text\":\"investments in municipal securities and are not consolidated by the\"},{\"bbox\":[117.7,918.3,591.7,941.0],\"text\":\"Company. Proprietary and QSPE TOB trusts, on the other hand, provide\"},{\"bbox\":[117.7,943.3,605.6,966.0],\"text\":\"the Company with the ability to finance its own investments in municipal\"},{\"bbox\":[117.7,968.4,183.1,991.1],\"text\":\"securities.\"},{\"bbox\":[96.8,993.4,574.9,1016.1],\"text\":\"• Proprietary TOB trusts are generally consolidated, in which case the\"},{\"bbox\":[117.7,1018.4,603.9,1041.1],\"text\":\"financing (the Floaters) is recognized on the Company’s balance sheet as\"},{\"bbox\":[117.7,1043.4,587.1,1066.1],\"text\":\"a liability. However, certain proprietary TOB trusts are not consolidated\"},{\"bbox\":[117.7,1068.4,582.4,1091.1],\"text\":\"by the Company, where the Residuals are held by hedge funds that are\"},{\"bbox\":[117.7,1093.4,609.1,1116.1],\"text\":\"consolidated and managed by the Company. The assets and the associated\"},{\"bbox\":[117.7,1118.4,573.2,1141.1],\"text\":\"liabilities of these TOB trusts are not consolidated by the hedge funds\"},{\"bbox\":[117.7,1143.4,595.8,1166.1],\"text\":\"(and, thus, are not consolidated by the Company) under the application\"},{\"bbox\":[117.7,1168.5,547.2,1191.2],\"text\":\"of ASC 946, Financial Service—Investment Companies, which\"},{\"bbox\":[117.7,1193.5,607.4,1216.2],\"text\":\"precludes consolidation of owned investments. The Company consolidates\"},{\"bbox\":[117.7,1218.5,558.1,1241.2],\"text\":\"the hedge funds, because the Company holds controlling financial\"},{\"bbox\":[117.7,1243.5,603.2,1266.2],\"text\":\"interests in the hedge funds. Certain of the Company’s equity investments\"},{\"bbox\":[117.7,1268.5,590.0,1291.2],\"text\":\"in the hedge funds are hedged with derivatives transactions executed by\"},{\"bbox\":[117.7,1293.5,603.8,1316.2],\"text\":\"the Company with third parties referencing the returns of the hedge fund.\"},{\"bbox\":[96.8,1322.7,553.0,1345.4],\"text\":\"• QSPE TOB trusts provide the Company with the same exposure as\"},{\"bbox\":[117.7,1347.7,547.2,1370.4],\"text\":\"proprietary TOB trusts and are not consolidated by the Company.\"}],\"order\":18,\"text\":\"• Customer TOB trusts are trusts through which customers finance\\ninvestments in municipal securities and are not consolidated by the\\nCompany. Proprietary and QSPE TOB trusts, on the other hand, provide\\nthe Company with the ability to finance its own investments in municipal\\nsecurities.\\n• Proprietary TOB trusts are generally consolidated, in which case the\\nfinancing (the Floaters) is recognized on the Company’s balance sheet as\\na liability. However, certain proprietary TOB trusts are not consolidated\\nby the Company, where the Residuals are held by hedge funds that are\\nconsolidated and managed by the Company. The assets and the associated\\nliabilities of these TOB trusts are not consolidated by the hedge funds\\n(and, thus, are not consolidated by the Company) under the application\\nof ASC 946, Financial Service—Investment Companies, which\\nprecludes consolidation of owned investments. The Company consolidates\\nthe hedge funds, because the Company holds controlling financial\\ninterests in the hedge funds. Certain of the Company’s equity investments\\nin the hedge funds are hedged with derivatives transactions executed by\\nthe Company with third parties referencing the returns of the hedge fund.\\n• QSPE TOB trusts provide the Company with the same exposure as\\nproprietary TOB trusts and are not consolidated by the Company.\"},{\"bbox\":[615.7,1563.5,642.5,1581.1],\"lines\":[{\"bbox\":[615.7,1563.5,642.5,1581.1],\"text\":\"212\"}],\"order\":19,\"text\":\"212\"}],\"doc\":\"fintabnet:C_2009\",\"dpi\":150,\"image_px\":[1257,1632],\"layout\":[],\"markdown\":\"The following table summarizes selected cash flow information related to\\nasset-based financing for the years ended December 31, 2009, 2008 and 2007:\\n\\nIn billions of dollars\\n\\n2009\\n\\n2008\\n\\n2007\\n\\nCash flows received on retained interests\\nand other net cash flows\\n\\n$2.7\\n\\n$1.7\\n\\n$—\\n\\nCredit rating distribution is based on the external rating of the municipal\\nbonds within the TOB trusts, including any credit enhancement provided by\\nmonoline insurance companies or the Company in the primary or secondary\\nmarkets, as discussed below. The total assets for proprietary TOB Trusts\\n(consolidated and non-consolidated) includes $0.7 billion of assets where the\\nResiduals are held by a hedge fund that is consolidated and managed by the\\nCompany.\\nThe TOB trusts fund the purchase of their assets by issuing Floaters along\\nwith Residuals, which are frequently less than 1% of a trust’s total funding.\\nThe tenor of the Floaters matches the maturity of the TOB trust and is equal\\nto or shorter than the tenor of the municipal bond held by the trust, and the\\nFloaters bear interest rates that are typically reset weekly to a new market rate\\n(based on the SIFMA index). Floater holders have an option to tender the\\nFloaters they hold back to the trust periodically. Customer TOB trusts issue\\nthe Floaters and Residuals to third parties. Proprietary and QSPE TOB trusts\\nissue the Floaters to third parties and the Residuals are held by the Company.\\nApproximately $2.2 billion of the municipal bonds owned by TOB trusts\\nhave an additional credit guarantee provided by the Company. In all other\\ncases, the assets are either unenhanced or are insured with a monoline\\ninsurance provider in the primary market or in the secondary market.\\nWhile the trusts have not encountered any adverse credit events as defined\\nin the underlying trust agreements, certain monoline insurance companies\\nhave experienced downgrades. In these cases, the Company has proactively\\nmanaged the TOB programs by applying additional secondary market\\ninsurance on the assets or proceeding with orderly unwinds of the trusts.\\nThe Company, in its capacity as remarketing agent, facilitates the sale\\nof the Floaters to third parties at inception of the trust and facilitates the\\nreset of the Floater coupon and tenders of Floaters. If Floaters are tendered\\nand the Company (in its role as remarketing agent) is unable to find a new\\ninvestor within a specified period of time, it can declare a failed remarketing\\n(in which case the trust is unwound) or may choose to buy the Floaters\\ninto its own inventory and may continue to try to sell it to a third-party\\ninvestor. While the level of the Company’s inventory of Floaters fluctuates,\\nthe Company held none of the Floater inventory related to the customer,\\nproprietary and QSPE TOB programs as of December 31, 2009.\\nIf a trust is unwound early due to an event other than a credit event\\non the underlying municipal bond, the underlying municipal bond is\\nsold in the secondary market. If there is an accompanying shortfall in the\\ntrust’s cash flows to fund the redemption of the Floaters after the sale of\\nthe underlying municipal bond, the trust draws on a liquidity agreement\\nin an amount equal to the shortfall. Liquidity agreements are generally\\nprovided to the trust directly by the Company. For customer TOBs where\\nthe Residual is less than 25% of the trust’s capital structure, the Company\\n\\nThe effect of two negative changes in discount rates used to determine the\\nfair value of retained interests is disclosed below.\\n\\nIn millions of dollars\\n\\nCarrying value of retained interests\\nValue of underlying portfolio\\nAdverse change of 10%\\nAdverse change of 20%\\n\\nAsset-based\\nfinancing\\n\\n$ 6,981\\n\\n$\\n\\n—\\n(265)\\n\\nMunicipal Securities Tender Option Bond (TOB) Trusts\\nThe Company sponsors TOB trusts that hold fixed- and floating-rate,\\ntax-exempt securities issued by state or local municipalities. The trusts are\\ntypically single-issuer trusts whose assets are purchased from the Company\\nand from the secondary market. The trusts issue long-term senior floating\\nrate notes (Floaters) and junior residual securities (Residuals). The Floaters\\nhave a long-term rating based on the long-term rating of the underlying\\nmunicipal bond and a short-term rating based on that of the liquidity\\nprovider to the trust. The Residuals are generally rated based on the long-\\nterm rating of the underlying municipal bond and entitle the holder to the\\nresidual cash flows from the issuing trust.\\nThe Company sponsors three kinds of TOB trusts: customer TOB trusts,\\nproprietary TOB trusts and QSPE TOB trusts.\\n\\n• Customer TOB trusts are trusts through which customers finance\\ninvestments in municipal securities and are not consolidated by the\\nCompany. Proprietary and QSPE TOB trusts, on the other hand, provide\\nthe Company with the ability to finance its own investments in municipal\\nsecurities.\\n• Proprietary TOB trusts are generally consolidated, in which case the\\nfinancing (the Floaters) is recognized on the Company’s balance sheet as\\na liability. However, certain proprietary TOB trusts are not consolidated\\nby the Company, where the Residuals are held by hedge funds that are\\nconsolidated and managed by the Company. The assets and the associated\\nliabilities of these TOB trusts are not consolidated by the hedge funds\\n(and, thus, are not consolidated by the Company) under the application\\nof ASC 946, Financial Service—Investment Companies, which\\nprecludes consolidation of owned investments. The Company consolidates\\nthe hedge funds, because the Company holds controlling financial\\ninterests in the hedge funds. Certain of the Company’s equity investments\\nin the hedge funds are hedged with derivatives transactions executed by\\nthe Company with third parties referencing the returns of the hedge fund.\\n• QSPE TOB trusts provide the Company with the same exposure as\\nproprietary TOB trusts and are not consolidated by the Company.\\n\\n212\",\"name\":\"fintabnet.C_2009_page_222__150dpi_none\",\"page_id\":\"fintabnet.C_2009_page_222\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"C_2009_page_222\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[96.8,371.5,614.7,505.0],\"block_orders\":[11,12,13,14,15,16],\"cells\":null}],\"text\":\"The following table summarizes selected cash flow information related to\\nasset-based financing for the years ended December 31, 2009, 2008 and 2007:\\n\\nIn billions of dollars\\n\\n2009\\n\\n2008\\n\\n2007\\n\\nCash flows received on retained interests\\nand other net cash flows\\n\\n$2.7\\n\\n$1.7\\n\\n$—\\n\\nCredit rating distribution is based on the external rating of the municipal\\nbonds within the TOB trusts, including any credit enhancement provided by\\nmonoline insurance companies or the Company in the primary or secondary\\nmarkets, as discussed below. The total assets for proprietary TOB Trusts\\n(consolidated and non-consolidated) includes $0.7 billion of assets where the\\nResiduals are held by a hedge fund that is consolidated and managed by the\\nCompany.\\nThe TOB trusts fund the purchase of their assets by issuing Floaters along\\nwith Residuals, which are frequently less than 1% of a trust’s total funding.\\nThe tenor of the Floaters matches the maturity of the TOB trust and is equal\\nto or shorter than the tenor of the municipal bond held by the trust, and the\\nFloaters bear interest rates that are typically reset weekly to a new market rate\\n(based on the SIFMA index). Floater holders have an option to tender the\\nFloaters they hold back to the trust periodically. Customer TOB trusts issue\\nthe Floaters and Residuals to third parties. Proprietary and QSPE TOB trusts\\nissue the Floaters to third parties and the Residuals are held by the Company.\\nApproximately $2.2 billion of the municipal bonds owned by TOB trusts\\nhave an additional credit guarantee provided by the Company. In all other\\ncases, the assets are either unenhanced or are insured with a monoline\\ninsurance provider in the primary market or in the secondary market.\\nWhile the trusts have not encountered any adverse credit events as defined\\nin the underlying trust agreements, certain monoline insurance companies\\nhave experienced downgrades. In these cases, the Company has proactively\\nmanaged the TOB programs by applying additional secondary market\\ninsurance on the assets or proceeding with orderly unwinds of the trusts.\\nThe Company, in its capacity as remarketing agent, facilitates the sale\\nof the Floaters to third parties at inception of the trust and facilitates the\\nreset of the Floater coupon and tenders of Floaters. If Floaters are tendered\\nand the Company (in its role as remarketing agent) is unable to find a new\\ninvestor within a specified period of time, it can declare a failed remarketing\\n(in which case the trust is unwound) or may choose to buy the Floaters\\ninto its own inventory and may continue to try to sell it to a third-party\\ninvestor. While the level of the Company’s inventory of Floaters fluctuates,\\nthe Company held none of the Floater inventory related to the customer,\\nproprietary and QSPE TOB programs as of December 31, 2009.\\nIf a trust is unwound early due to an event other than a credit event\\non the underlying municipal bond, the underlying municipal bond is\\nsold in the secondary market. If there is an accompanying shortfall in the\\ntrust’s cash flows to fund the redemption of the Floaters after the sale of\\nthe underlying municipal bond, the trust draws on a liquidity agreement\\nin an amount equal to the shortfall. Liquidity agreements are generally\\nprovided to the trust directly by the Company. For customer TOBs where\\nthe Residual is less than 25% of the trust’s capital structure, the Company\\n\\nThe effect of two negative changes in discount rates used to determine the\\nfair value of retained interests is disclosed below.\\n\\nIn millions of dollars\\n\\nCarrying value of retained interests\\nValue of underlying portfolio\\nAdverse change of 10%\\nAdverse change of 20%\\n\\nAsset-based\\nfinancing\\n\\n$ 6,981\\n\\n$\\n\\n—\\n(265)\\n\\nMunicipal Securities Tender Option Bond (TOB) Trusts\\nThe Company sponsors TOB trusts that hold fixed- and floating-rate,\\ntax-exempt securities issued by state or local municipalities. The trusts are\\ntypically single-issuer trusts whose assets are purchased from the Company\\nand from the secondary market. The trusts issue long-term senior floating\\nrate notes (Floaters) and junior residual securities (Residuals). The Floaters\\nhave a long-term rating based on the long-term rating of the underlying\\nmunicipal bond and a short-term rating based on that of the liquidity\\nprovider to the trust. The Residuals are generally rated based on the long-\\nterm rating of the underlying municipal bond and entitle the holder to the\\nresidual cash flows from the issuing trust.\\nThe Company sponsors three kinds of TOB trusts: customer TOB trusts,\\nproprietary TOB trusts and QSPE TOB trusts.\\n\\n• Customer TOB trusts are trusts through which customers finance\\ninvestments in municipal securities and are not consolidated by the\\nCompany. Proprietary and QSPE TOB trusts, on the other hand, provide\\nthe Company with the ability to finance its own investments in municipal\\nsecurities.\\n• Proprietary TOB trusts are generally consolidated, in which case the\\nfinancing (the Floaters) is recognized on the Company’s balance sheet as\\na liability. However, certain proprietary TOB trusts are not consolidated\\nby the Company, where the Residuals are held by hedge funds that are\\nconsolidated and managed by the Company. The assets and the associated\\nliabilities of these TOB trusts are not consolidated by the hedge funds\\n(and, thus, are not consolidated by the Company) under the application\\nof ASC 946, Financial Service—Investment Companies, which\\nprecludes consolidation of owned investments. The Company consolidates\\nthe hedge funds, because the Company holds controlling financial\\ninterests in the hedge funds. Certain of the Company’s equity investments\\nin the hedge funds are hedged with derivatives transactions executed by\\nthe Company with third parties referencing the returns of the hedge fund.\\n• QSPE TOB trusts provide the Company with the same exposure as\\nproprietary TOB trusts and are not consolidated by the Company.\\n\\n212\"},\"name\":\"fintabnet.C_2009_page_222__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":194442,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:C_2009\",\"dpi\":150,\"gt_sha256\":\"e260f870a1794e078d5797d36bed725a3a1f411d7ec17eb1844444ce975dacae\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.C_2009_page_222__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.C_2009_page_222\",\"pdf_sha256\":\"757d3f2fa67af23ee2975cb6e50ce34594b8a07faace18e313eb4fd317dab453\",\"px\":[1257,1632],\"scan\":{\"render\":\"0000000074fe7ffc71fe7efe7ffc7efc7efe7efc3ffc3efc3e00000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"C_2009_page_222\",\"src\":{\"file_sha256\":\"cbcc1c42804ca99ba90d483175750835609c63fd4022d3bb9c9e53d99286eded\",\"render\":\"000000003efc3ffc39fc3ffc3ffc3efc3efc3ff83ffc3ffc3e00000000000000\",\"text\":\"007a23a207707a5599e11dc6db6035546e7847fba03351654afe21b4eb6426ed\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"757d3f2fa67af23ee2975cb6e50ce34594b8a07faace18e313eb4fd317dab453\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/757d3f2fa67af23ee2975cb6e50ce34594b8a07faace18e313eb4fd317dab453.pdf","asset_sha256":"757d3f2fa67af23ee2975cb6e50ce34594b8a07faace18e313eb4fd317dab453","document_id":"fintabnet:C_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"C_2009_page_222\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"C_2009_page_26\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:C_2009\",\"ground_truth\":{\"blocks\":[{\"bbox\":[75.0,44.5,161.4,66.3],\"lines\":[{\"bbox\":[75.0,44.5,161.4,66.3],\"text\":\"CITICORP\"}],\"order\":0,\"text\":\"CITICORP\"},{\"bbox\":[70.9,103.9,782.1,268.0],\"lines\":[{\"bbox\":[73.8,103.9,772.5,134.4],\"text\":\"Citicorp is the company’s global bank for consumers and businesses and represents Citi’s core franchise. Citicorp is focused on providing best-in-class products\"},{\"bbox\":[73.5,120.6,781.8,151.3],\"text\":\"and services to customers and leveraging Citigroup’s unparalleled global network. Citicorp is physically present in nearly 100 countries, many for over 100 years,\"},{\"bbox\":[73.1,137.3,767.5,167.7],\"text\":\"and offers services in over 140 countries. Citi believes this global network provides a strong foundation for servicing the broad financial services needs of large\"},{\"bbox\":[72.7,154.0,762.9,184.3],\"text\":\"multinational clients and for meeting the needs of retail, private banking and commercial customers around the world. Citigroup’s global footprint provides\"},{\"bbox\":[72.4,170.6,777.3,201.3],\"text\":\"coverage of the world’s emerging economies, which the company believes represents a strong area of growth. As discussed in the “Executive Summary,” Citicorp\"},{\"bbox\":[72.0,187.3,758.0,217.5],\"text\":\"remained profitable in 2008 and 2009, despite very difficult market conditions. At December 31, 2009, Citicorp had approximately $1.1 trillion of assets and\"},{\"bbox\":[71.6,204.0,579.8,230.3],\"text\":\"$731 billion of deposits, representing approximately 60% of Citi’s total assets and approximately 90% of its deposits.\"},{\"bbox\":[85.2,220.9,771.8,251.2],\"text\":\"Citicorp consists of the following businesses: Regional Consumer Banking (which includes retail banking and Citi-branded cards in four regions—North\"},{\"bbox\":[70.9,237.3,719.9,266.7],\"text\":\"America, EMEA, Latin America and Asia) and Institutional Clients Group (which includes Securities and Banking and Transaction Services).\"}],\"order\":1,\"text\":\"Citicorp is the company’s global bank for consumers and businesses and represents Citi’s core franchise. Citicorp is focused on providing best-in-class products\\nand services to customers and leveraging Citigroup’s unparalleled global network. Citicorp is physically present in nearly 100 countries, many for over 100 years,\\nand offers services in over 140 countries. Citi believes this global network provides a strong foundation for servicing the broad financial services needs of large\\nmultinational clients and for meeting the needs of retail, private banking and commercial customers around the world. Citigroup’s global footprint provides\\ncoverage of the world’s emerging economies, which the company believes represents a strong area of growth. As discussed in the “Executive Summary,” Citicorp\\nremained profitable in 2008 and 2009, despite very difficult market conditions. At December 31, 2009, Citicorp had approximately $1.1 trillion of assets and\\n$731 billion of deposits, representing approximately 60% of Citi’s total assets and approximately 90% of its deposits.\\nCiticorp consists of the following businesses: Regional Consumer Banking (which includes retail banking and Citi-branded cards in four regions—North\\nAmerica, EMEA, Latin America and Asia) and Institutional Clients Group (which includes Securities and Banking and Transaction Services).\"},{\"bbox\":[640.7,285.6,701.5,313.4],\"lines\":[{\"bbox\":[656.7,285.9,701.5,300.1],\"text\":\"% Change\"},{\"bbox\":[640.7,298.9,701.2,313.4],\"text\":\"2009 vs. 2008\"}],\"order\":2,\"text\":\"% Change\\n2009 vs. 2008\"},{\"bbox\":[720.9,287.7,780.2,314.9],\"lines\":[{\"bbox\":[739.2,288.1,780.2,301.6],\"text\":\"% Change\"},{\"bbox\":[720.9,301.1,779.9,314.9],\"text\":\"2008 vs. 2007\"}],\"order\":3,\"text\":\"% Change\\n2008 vs. 2007\"},{\"bbox\":[478.6,295.4,500.3,309.0],\"lines\":[{\"bbox\":[478.6,295.4,500.3,309.0],\"text\":\"2009\"}],\"order\":4,\"text\":\"2009\"},{\"bbox\":[537.7,297.0,559.4,310.1],\"lines\":[{\"bbox\":[537.7,297.0,559.4,310.1],\"text\":\"2008\"}],\"order\":5,\"text\":\"2008\"},{\"bbox\":[596.8,298.3,618.4,311.4],\"lines\":[{\"bbox\":[596.8,298.3,618.4,311.4],\"text\":\"2007\"}],\"order\":6,\"text\":\"2007\"},{\"bbox\":[462.4,315.7,499.8,343.6],\"lines\":[{\"bbox\":[462.7,315.7,499.8,329.7],\"text\":\"$ 33,263\"},{\"bbox\":[469.9,329.8,499.5,343.6],\"text\":\"26,943\"}],\"order\":7,\"text\":\"$ 33,263\\n26,943\"},{\"bbox\":[521.5,317.4,558.9,344.7],\"lines\":[{\"bbox\":[521.8,317.4,558.9,330.8],\"text\":\"$ 33,970\"},{\"bbox\":[529.0,331.5,558.6,344.7],\"text\":\"26,585\"}],\"order\":8,\"text\":\"$ 33,970\\n26,585\"},{\"bbox\":[580.6,318.7,618.0,346.0],\"lines\":[{\"bbox\":[580.9,318.7,618.0,332.1],\"text\":\"$ 25,600\"},{\"bbox\":[588.1,332.8,617.7,346.0],\"text\":\"34,497\"}],\"order\":9,\"text\":\"$ 25,600\\n34,497\"},{\"bbox\":[691.5,320.7,712.7,348.3],\"lines\":[{\"bbox\":[691.8,320.7,712.7,334.4],\"text\":\"(2)%\"},{\"bbox\":[694.8,334.8,700.4,348.1],\"text\":\"1\"}],\"order\":10,\"text\":\"(2)%\\n1\"},{\"bbox\":[765.8,322.7,787.5,349.8],\"lines\":[{\"bbox\":[768.5,322.8,787.5,335.8],\"text\":\"33%\"},{\"bbox\":[765.8,336.7,781.7,349.6],\"text\":\"(23)\"}],\"order\":11,\"text\":\"33%\\n(23)\"},{\"bbox\":[68.7,341.7,238.7,358.6],\"lines\":[{\"bbox\":[68.7,341.7,238.7,358.6],\"text\":\"Total revenues, net of interest expense\"}],\"order\":12,\"text\":\"Total revenues, net of interest expense\"},{\"bbox\":[462.0,350.3,499.1,364.3],\"lines\":[{\"bbox\":[462.0,350.3,499.1,364.3],\"text\":\"$ 60,206\"}],\"order\":13,\"text\":\"$ 60,206\"},{\"bbox\":[521.0,352.0,558.2,365.4],\"lines\":[{\"bbox\":[521.0,352.0,558.2,365.4],\"text\":\"$ 60,555\"}],\"order\":14,\"text\":\"$ 60,555\"},{\"bbox\":[580.1,353.3,617.3,366.7],\"lines\":[{\"bbox\":[580.1,353.3,617.3,366.7],\"text\":\"$ 60,097\"}],\"order\":15,\"text\":\"$ 60,097\"},{\"bbox\":[691.1,355.4,711.9,369.0],\"lines\":[{\"bbox\":[691.1,355.4,711.9,369.0],\"text\":\"(1)%\"}],\"order\":16,\"text\":\"(1)%\"},{\"bbox\":[773.1,357.6,786.8,370.4],\"lines\":[{\"bbox\":[773.1,357.6,786.8,370.4],\"text\":\"1%\"}],\"order\":17,\"text\":\"1%\"},{\"bbox\":[66.3,362.3,323.1,467.1],\"lines\":[{\"bbox\":[68.2,362.3,311.4,380.8],\"text\":\"Provisions for credit losses and for benefits and claims\"},{\"bbox\":[79.7,376.9,145.2,390.9],\"text\":\"Net credit losses\"},{\"bbox\":[79.5,390.9,156.2,405.2],\"text\":\"Credit reserve build\"},{\"bbox\":[79.1,406.1,174.3,420.7],\"text\":\"Provision for loan losses\"},{\"bbox\":[78.8,420.0,206.7,435.4],\"text\":\"Provision for benefits and claims\"},{\"bbox\":[78.5,434.0,254.5,450.4],\"text\":\"Provision for unfunded lending commitments\"},{\"bbox\":[86.1,449.3,321.1,467.1],\"text\":\"Total provisions for credit losses and for benefits and claims\"}],\"order\":18,\"text\":\"Provisions for credit losses and for benefits and claims\\nNet credit losses\\nCredit reserve build\\nProvision for loan losses\\nProvision for benefits and claims\\nProvision for unfunded lending commitments\\nTotal provisions for credit losses and for benefits and claims\"},{\"bbox\":[459.6,385.0,498.4,471.1],\"lines\":[{\"bbox\":[461.2,385.0,498.3,398.9],\"text\":\"$ 6,079\"},{\"bbox\":[473.7,399.2,498.0,412.9],\"text\":\"2,562\"},{\"bbox\":[460.6,414.1,497.7,428.1],\"text\":\"$ 8,641\"},{\"bbox\":[486.5,428.6,497.4,442.0],\"text\":\"48\"},{\"bbox\":[480.8,442.5,497.1,456.0],\"text\":\"138\"},{\"bbox\":[459.7,457.2,496.8,471.1],\"text\":\"$ 8,827\"}],\"order\":19,\"text\":\"$ 6,079\\n2,562\\n$ 8,641\\n48\\n138\\n$ 8,827\"},{\"bbox\":[518.7,386.6,559.9,472.3],\"lines\":[{\"bbox\":[520.3,386.6,557.4,400.0],\"text\":\"$ 4,941\"},{\"bbox\":[532.8,400.9,557.1,414.0],\"text\":\"3,219\"},{\"bbox\":[519.7,415.8,556.8,429.1],\"text\":\"$ 8,160\"},{\"bbox\":[550.9,430.4,556.5,443.1],\"text\":\"6\"},{\"bbox\":[537.5,444.1,558.7,457.1],\"text\":\"(191)\"},{\"bbox\":[518.8,458.8,555.9,472.2],\"text\":\"$ 7,975\"}],\"order\":20,\"text\":\"$ 4,941\\n3,219\\n$ 8,160\\n6\\n(191)\\n$ 7,975\"},{\"bbox\":[577.8,387.9,616.6,473.5],\"lines\":[{\"bbox\":[579.4,387.9,616.5,401.3],\"text\":\"$ 2,700\"},{\"bbox\":[591.9,402.2,616.2,415.3],\"text\":\"1,069\"},{\"bbox\":[578.8,417.1,615.9,430.4],\"text\":\"$ 3,769\"},{\"bbox\":[604.6,431.6,615.6,444.4],\"text\":\"16\"},{\"bbox\":[604.3,445.6,615.3,458.4],\"text\":\"79\"},{\"bbox\":[577.8,460.1,615.0,473.5],\"text\":\"$ 3,864\"}],\"order\":21,\"text\":\"$ 2,700\\n1,069\\n$ 3,769\\n16\\n79\\n$ 3,864\"},{\"bbox\":[682.8,389.9,707.9,475.8],\"lines\":[{\"bbox\":[688.3,390.0,707.9,403.6],\"text\":\"23%\"},{\"bbox\":[684.7,403.9,702.2,417.4],\"text\":\"(20)\"},{\"bbox\":[693.0,419.2,707.3,432.7],\"text\":\"6%\"},{\"bbox\":[683.4,433.0,698.3,446.5],\"text\":\"NM\"},{\"bbox\":[683.1,446.9,698.0,460.4],\"text\":\"NM\"},{\"bbox\":[686.7,462.2,706.3,475.8],\"text\":\"11%\"}],\"order\":22,\"text\":\"23%\\n(20)\\n6%\\nNM\\nNM\\n11%\"},{\"bbox\":[762.5,392.0,788.5,477.3],\"lines\":[{\"bbox\":[767.1,392.1,786.0,405.1],\"text\":\"83%\"},{\"bbox\":[763.8,406.0,777.7,418.8],\"text\":\"NM\"},{\"bbox\":[763.5,421.1,777.4,434.0],\"text\":\"NM\"},{\"bbox\":[763.7,435.1,787.6,448.2],\"text\":\"(63)%\"},{\"bbox\":[762.9,449.1,776.8,461.9],\"text\":\"NM\"},{\"bbox\":[762.6,464.2,776.5,477.1],\"text\":\"NM\"}],\"order\":23,\"text\":\"83%\\nNM\\nNM\\n(63)%\\nNM\\nNM\"},{\"bbox\":[66.0,468.0,176.4,483.6],\"lines\":[{\"bbox\":[66.0,468.0,176.4,483.6],\"text\":\"Total operating expenses\"}],\"order\":24,\"text\":\"Total operating expenses\"},{\"bbox\":[459.2,476.7,496.4,490.6],\"lines\":[{\"bbox\":[459.2,476.7,496.4,490.6],\"text\":\"$ 31,725\"}],\"order\":25,\"text\":\"$ 31,725\"},{\"bbox\":[518.3,478.3,555.5,491.7],\"lines\":[{\"bbox\":[518.3,478.3,555.5,491.7],\"text\":\"$ 43,533\"}],\"order\":26,\"text\":\"$ 43,533\"},{\"bbox\":[577.4,479.6,614.5,493.0],\"lines\":[{\"bbox\":[577.4,479.6,614.5,493.0],\"text\":\"$ 36,437\"}],\"order\":27,\"text\":\"$ 36,437\"},{\"bbox\":[683.0,481.6,709.2,495.3],\"lines\":[{\"bbox\":[683.0,481.6,709.2,495.3],\"text\":\"(27)%\"}],\"order\":28,\"text\":\"(27)%\"},{\"bbox\":[765.1,483.8,784.1,496.7],\"lines\":[{\"bbox\":[765.1,483.8,784.1,496.7],\"text\":\"19%\"}],\"order\":29,\"text\":\"19%\"},{\"bbox\":[65.2,488.6,278.2,520.2],\"lines\":[{\"bbox\":[65.5,488.6,278.2,506.5],\"text\":\"Income from continuing operations before taxes\"},{\"bbox\":[65.2,503.0,172.9,517.9],\"text\":\"Provisions for income taxes\"}],\"order\":30,\"text\":\"Income from continuing operations before taxes\\nProvisions for income taxes\"},{\"bbox\":[458.5,497.3,496.0,525.3],\"lines\":[{\"bbox\":[458.8,497.3,495.9,511.3],\"text\":\"$ 19,654\"},{\"bbox\":[471.3,511.6,495.6,525.3],\"text\":\"4,875\"}],\"order\":31,\"text\":\"$ 19,654\\n4,875\"},{\"bbox\":[517.6,499.0,555.0,526.3],\"lines\":[{\"bbox\":[517.9,499.0,555.0,512.4],\"text\":\"$ 9,047\"},{\"bbox\":[530.4,513.2,554.7,526.3],\"text\":\"2,882\"}],\"order\":32,\"text\":\"$ 9,047\\n2,882\"},{\"bbox\":[576.7,500.3,614.1,527.6],\"lines\":[{\"bbox\":[577.0,500.3,614.1,513.7],\"text\":\"$ 19,796\"},{\"bbox\":[589.5,514.5,613.8,527.6],\"text\":\"5,238\"}],\"order\":33,\"text\":\"$ 19,796\\n5,238\"},{\"bbox\":[681.6,502.2,705.5,529.9],\"lines\":[{\"bbox\":[681.9,502.2,696.8,515.7],\"text\":\"NM\"},{\"bbox\":[685.6,516.3,705.2,529.9],\"text\":\"69%\"}],\"order\":34,\"text\":\"NM\\n69%\"},{\"bbox\":[761.9,504.4,786.1,531.4],\"lines\":[{\"bbox\":[762.2,504.4,786.1,517.5],\"text\":\"(54)%\"},{\"bbox\":[761.9,518.3,777.8,531.3],\"text\":\"(45)\"}],\"order\":35,\"text\":\"(54)%\\n(45)\"},{\"bbox\":[64.5,523.3,261.0,554.5],\"lines\":[{\"bbox\":[64.8,523.3,220.1,539.9],\"text\":\"Income from continuing operations\"},{\"bbox\":[64.5,537.6,260.7,554.5],\"text\":\"Net income attributable to noncontrolling interests\"}],\"order\":36,\"text\":\"Income from continuing operations\\nNet income attributable to noncontrolling interests\"},{\"bbox\":[457.8,531.9,495.2,559.9],\"lines\":[{\"bbox\":[458.1,531.9,495.2,545.9],\"text\":\"$ 14,779\"},{\"bbox\":[483.9,546.5,494.9,559.9],\"text\":\"68\"}],\"order\":37,\"text\":\"$ 14,779\\n68\"},{\"bbox\":[516.8,533.6,554.3,561.0],\"lines\":[{\"bbox\":[517.2,533.6,554.3,547.0],\"text\":\"$ 6,165\"},{\"bbox\":[543.0,548.2,554.0,561.0],\"text\":\"29\"}],\"order\":38,\"text\":\"$ 6,165\\n29\"},{\"bbox\":[575.9,534.9,613.4,562.3],\"lines\":[{\"bbox\":[576.2,534.9,613.4,548.3],\"text\":\"$ 14,558\"},{\"bbox\":[602.1,549.5,613.1,562.3],\"text\":\"63\"}],\"order\":39,\"text\":\"$ 14,558\\n63\"},{\"bbox\":[680.9,536.9,696.1,564.3],\"lines\":[{\"bbox\":[681.2,536.9,696.1,550.4],\"text\":\"NM\"},{\"bbox\":[680.9,550.8,695.8,564.3],\"text\":\"NM\"}],\"order\":40,\"text\":\"NM\\nNM\"},{\"bbox\":[761.1,539.0,785.4,566.1],\"lines\":[{\"bbox\":[761.4,539.0,785.4,552.1],\"text\":\"(58)%\"},{\"bbox\":[761.1,553.0,777.0,565.9],\"text\":\"(54)\"}],\"order\":41,\"text\":\"(58)%\\n(54)\"},{\"bbox\":[64.1,556.7,157.7,572.0],\"lines\":[{\"bbox\":[64.1,556.7,157.7,572.0],\"text\":\"Citicorp’s net income\"}],\"order\":42,\"text\":\"Citicorp’s net income\"},{\"bbox\":[457.3,565.4,494.5,579.4],\"lines\":[{\"bbox\":[457.3,565.4,494.5,579.4],\"text\":\"$ 14,711\"}],\"order\":43,\"text\":\"$ 14,711\"},{\"bbox\":[516.4,567.1,553.6,580.5],\"lines\":[{\"bbox\":[516.4,567.1,553.6,580.5],\"text\":\"$ 6,136\"}],\"order\":44,\"text\":\"$ 6,136\"},{\"bbox\":[575.5,568.4,612.6,581.8],\"lines\":[{\"bbox\":[575.5,568.4,612.6,581.8],\"text\":\"$ 14,495\"}],\"order\":45,\"text\":\"$ 14,495\"},{\"bbox\":[680.5,570.3,695.4,583.8],\"lines\":[{\"bbox\":[680.5,570.3,695.4,583.8],\"text\":\"NM\"}],\"order\":46,\"text\":\"NM\"},{\"bbox\":[760.7,572.5,784.6,585.6],\"lines\":[{\"bbox\":[760.7,572.5,784.6,585.6],\"text\":\"(58)%\"}],\"order\":47,\"text\":\"(58)%\"},{\"bbox\":[62.9,577.4,231.3,627.3],\"lines\":[{\"bbox\":[63.6,577.4,231.3,594.3],\"text\":\"Balance sheet data (in billions of dollars)\"},{\"bbox\":[63.3,593.9,135.9,608.7],\"text\":\"Total EOP assets\"},{\"bbox\":[62.9,610.5,130.3,625.1],\"text\":\"Average assets\"}],\"order\":48,\"text\":\"Balance sheet data (in billions of dollars)\\nTotal EOP assets\\nAverage assets\"},{\"bbox\":[456.2,602.6,493.7,633.1],\"lines\":[{\"bbox\":[456.5,602.6,493.7,616.6],\"text\":\"$ 1,079\"},{\"bbox\":[456.2,619.1,493.3,633.1],\"text\":\"$ 1,035\"}],\"order\":49,\"text\":\"$ 1,079\\n$ 1,035\"},{\"bbox\":[515.3,604.3,552.8,634.2],\"lines\":[{\"bbox\":[515.6,604.3,552.8,617.7],\"text\":\"$ 1,002\"},{\"bbox\":[515.3,620.8,552.4,634.2],\"text\":\"$ 1,256\"}],\"order\":50,\"text\":\"$ 1,002\\n$ 1,256\"},{\"bbox\":[574.3,605.6,611.9,635.5],\"lines\":[{\"bbox\":[574.7,605.6,611.8,619.0],\"text\":\"$ 1,222\"},{\"bbox\":[574.4,622.1,611.5,635.5],\"text\":\"$ 1,353\"}],\"order\":51,\"text\":\"$ 1,222\\n$ 1,353\"},{\"bbox\":[680.0,607.5,706.5,637.8],\"lines\":[{\"bbox\":[688.9,607.7,703.2,621.2],\"text\":\"8%\"},{\"bbox\":[680.0,624.0,706.2,637.8],\"text\":\"(18)%\"}],\"order\":52,\"text\":\"8%\\n(18)%\"},{\"bbox\":[759.6,609.7,783.8,639.3],\"lines\":[{\"bbox\":[759.9,609.7,783.8,622.7],\"text\":\"(18)%\"},{\"bbox\":[764.9,626.3,783.5,639.3],\"text\":\"(7)%\"}],\"order\":53,\"text\":\"(18)%\\n(7)%\"},{\"bbox\":[62.5,629.9,144.0,644.9],\"lines\":[{\"bbox\":[62.5,629.9,144.0,644.9],\"text\":\"Total EOP deposits\"}],\"order\":54,\"text\":\"Total EOP deposits\"},{\"bbox\":[455.8,638.6,461.4,651.9],\"lines\":[{\"bbox\":[455.8,638.6,461.4,651.9],\"text\":\"$\"}],\"order\":55,\"text\":\"$\"},{\"bbox\":[514.9,640.3,520.5,653.0],\"lines\":[{\"bbox\":[514.9,640.3,520.5,653.0],\"text\":\"$\"}],\"order\":56,\"text\":\"$\"},{\"bbox\":[573.9,641.6,579.6,654.3],\"lines\":[{\"bbox\":[573.9,641.6,579.6,654.3],\"text\":\"$\"}],\"order\":57,\"text\":\"$\"},{\"bbox\":[688.2,643.7,702.4,657.2],\"lines\":[{\"bbox\":[688.2,643.7,702.4,657.2],\"text\":\"9%\"}],\"order\":58,\"text\":\"9%\"},{\"bbox\":[764.5,645.8,783.1,658.8],\"lines\":[{\"bbox\":[764.5,645.8,783.1,658.8],\"text\":\"(8)%\"}],\"order\":59,\"text\":\"(8)%\"},{\"bbox\":[69.9,287.7,140.9,300.7],\"lines\":[{\"bbox\":[69.9,287.7,140.9,300.7],\"text\":\"In millions of dollars\"}],\"order\":60,\"text\":\"In millions of dollars\"},{\"bbox\":[80.9,307.7,164.0,336.0],\"lines\":[{\"bbox\":[81.2,307.7,160.7,322.0],\"text\":\"Net interest revenue\"},{\"bbox\":[80.9,321.6,163.7,336.0],\"text\":\"Non-interest revenue\"}],\"order\":61,\"text\":\"Net interest revenue\\nNon-interest revenue\"},{\"bbox\":[61.8,654.6,123.7,666.2],\"lines\":[{\"bbox\":[61.8,654.6,123.7,666.2],\"text\":\"NM Not meaningful\"}],\"order\":62,\"text\":\"NM Not meaningful\"},{\"bbox\":[402.2,1042.1,414.4,1054.0],\"lines\":[{\"bbox\":[402.2,1042.1,414.4,1054.0],\"text\":\"16\"}],\"order\":63,\"text\":\"16\"},{\"bbox\":[476.6,639.1,492.9,652.6],\"lines\":[{\"bbox\":[476.6,639.1,492.9,652.6],\"text\":\"731\"}],\"order\":64,\"text\":\"731\"},{\"bbox\":[535.7,640.7,552.0,653.7],\"lines\":[{\"bbox\":[535.7,640.7,552.0,653.7],\"text\":\"673\"}],\"order\":65,\"text\":\"673\"},{\"bbox\":[594.8,642.0,611.1,655.0],\"lines\":[{\"bbox\":[594.8,642.0,611.1,655.0],\"text\":\"733\"}],\"order\":66,\"text\":\"733\"}],\"doc\":\"fintabnet:C_2009\",\"dpi\":100,\"image_px\":[838,1088],\"layout\":[],\"markdown\":\"CITICORP\\n\\nCiticorp is the company’s global bank for consumers and businesses and represents Citi’s core franchise. Citicorp is focused on providing best-in-class products\\nand services to customers and leveraging Citigroup’s unparalleled global network. Citicorp is physically present in nearly 100 countries, many for over 100 years,\\nand offers services in over 140 countries. Citi believes this global network provides a strong foundation for servicing the broad financial services needs of large\\nmultinational clients and for meeting the needs of retail, private banking and commercial customers around the world. Citigroup’s global footprint provides\\ncoverage of the world’s emerging economies, which the company believes represents a strong area of growth. As discussed in the “Executive Summary,” Citicorp\\nremained profitable in 2008 and 2009, despite very difficult market conditions. At December 31, 2009, Citicorp had approximately $1.1 trillion of assets and\\n$731 billion of deposits, representing approximately 60% of Citi’s total assets and approximately 90% of its deposits.\\nCiticorp consists of the following businesses: Regional Consumer Banking (which includes retail banking and Citi-branded cards in four regions—North\\nAmerica, EMEA, Latin America and Asia) and Institutional Clients Group (which includes Securities and Banking and Transaction Services).\\n\\n% Change\\n2009 vs. 2008\\n\\n% Change\\n2008 vs. 2007\\n\\n2009\\n\\n2008\\n\\n2007\\n\\n$ 33,263\\n26,943\\n\\n$ 33,970\\n26,585\\n\\n$ 25,600\\n34,497\\n\\n(2)%\\n1\\n\\n33%\\n(23)\\n\\nTotal revenues, net of interest expense\\n\\n$ 60,206\\n\\n$ 60,555\\n\\n$ 60,097\\n\\n(1)%\\n\\n1%\\n\\nProvisions for credit losses and for benefits and claims\\nNet credit losses\\nCredit reserve build\\nProvision for loan losses\\nProvision for benefits and claims\\nProvision for unfunded lending commitments\\nTotal provisions for credit losses and for benefits and claims\\n\\n$ 6,079\\n2,562\\n$ 8,641\\n48\\n138\\n$ 8,827\\n\\n$ 4,941\\n3,219\\n$ 8,160\\n6\\n(191)\\n$ 7,975\\n\\n$ 2,700\\n1,069\\n$ 3,769\\n16\\n79\\n$ 3,864\\n\\n23%\\n(20)\\n6%\\nNM\\nNM\\n11%\\n\\n83%\\nNM\\nNM\\n(63)%\\nNM\\nNM\\n\\nTotal operating expenses\\n\\n$ 31,725\\n\\n$ 43,533\\n\\n$ 36,437\\n\\n(27)%\\n\\n19%\\n\\nIncome from continuing operations before taxes\\nProvisions for income taxes\\n\\n$ 19,654\\n4,875\\n\\n$ 9,047\\n2,882\\n\\n$ 19,796\\n5,238\\n\\nNM\\n69%\\n\\n(54)%\\n(45)\\n\\nIncome from continuing operations\\nNet income attributable to noncontrolling interests\\n\\n$ 14,779\\n68\\n\\n$ 6,165\\n29\\n\\n$ 14,558\\n63\\n\\nNM\\nNM\\n\\n(58)%\\n(54)\\n\\nCiticorp’s net income\\n\\n$ 14,711\\n\\n$ 6,136\\n\\n$ 14,495\\n\\nNM\\n\\n(58)%\\n\\nBalance sheet data (in billions of dollars)\\nTotal EOP assets\\nAverage assets\\n\\n$ 1,079\\n$ 1,035\\n\\n$ 1,002\\n$ 1,256\\n\\n$ 1,222\\n$ 1,353\\n\\n8%\\n(18)%\\n\\n(18)%\\n(7)%\\n\\nTotal EOP deposits\\n\\n$\\n\\n$\\n\\n$\\n\\n9%\\n\\n(8)%\\n\\nIn millions of dollars\\n\\nNet interest revenue\\nNon-interest revenue\\n\\nNM Not meaningful\\n\\n16\\n\\n731\\n\\n673\\n\\n733\",\"name\":\"fintabnet.C_2009_page_26__100dpi_medium\",\"page_id\":\"fintabnet.C_2009_page_26\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.262,\"source\":\"fintabnet\",\"source_id\":\"C_2009_page_26\",\"stack\":[{\"deg\":-1.262,\"op\":\"skew\"},{\"amp\":0.141,\"angle\":79.5,\"blob\":0.31,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.815},{\"op\":\"noise\",\"sigma\":5.382},{\"gain\":0.71,\"op\":\"contrast\"},{\"bias\":0.145,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":23}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[62.3,273.0,790.9,659.0],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,64,65,66],\"cells\":null}],\"text\":\"CITICORP\\n\\nCiticorp is the company’s global bank for consumers and businesses and represents Citi’s core franchise. Citicorp is focused on providing best-in-class products\\nand services to customers and leveraging Citigroup’s unparalleled global network. Citicorp is physically present in nearly 100 countries, many for over 100 years,\\nand offers services in over 140 countries. Citi believes this global network provides a strong foundation for servicing the broad financial services needs of large\\nmultinational clients and for meeting the needs of retail, private banking and commercial customers around the world. Citigroup’s global footprint provides\\ncoverage of the world’s emerging economies, which the company believes represents a strong area of growth. As discussed in the “Executive Summary,” Citicorp\\nremained profitable in 2008 and 2009, despite very difficult market conditions. At December 31, 2009, Citicorp had approximately $1.1 trillion of assets and\\n$731 billion of deposits, representing approximately 60% of Citi’s total assets and approximately 90% of its deposits.\\nCiticorp consists of the following businesses: Regional Consumer Banking (which includes retail banking and Citi-branded cards in four regions—North\\nAmerica, EMEA, Latin America and Asia) and Institutional Clients Group (which includes Securities and Banking and Transaction Services).\\n\\n% Change\\n2009 vs. 2008\\n\\n% Change\\n2008 vs. 2007\\n\\n2009\\n\\n2008\\n\\n2007\\n\\n$ 33,263\\n26,943\\n\\n$ 33,970\\n26,585\\n\\n$ 25,600\\n34,497\\n\\n(2)%\\n1\\n\\n33%\\n(23)\\n\\nTotal revenues, net of interest expense\\n\\n$ 60,206\\n\\n$ 60,555\\n\\n$ 60,097\\n\\n(1)%\\n\\n1%\\n\\nProvisions for credit losses and for benefits and claims\\nNet credit losses\\nCredit reserve build\\nProvision for loan losses\\nProvision for benefits and claims\\nProvision for unfunded lending commitments\\nTotal provisions for credit losses and for benefits and claims\\n\\n$ 6,079\\n2,562\\n$ 8,641\\n48\\n138\\n$ 8,827\\n\\n$ 4,941\\n3,219\\n$ 8,160\\n6\\n(191)\\n$ 7,975\\n\\n$ 2,700\\n1,069\\n$ 3,769\\n16\\n79\\n$ 3,864\\n\\n23%\\n(20)\\n6%\\nNM\\nNM\\n11%\\n\\n83%\\nNM\\nNM\\n(63)%\\nNM\\nNM\\n\\nTotal operating expenses\\n\\n$ 31,725\\n\\n$ 43,533\\n\\n$ 36,437\\n\\n(27)%\\n\\n19%\\n\\nIncome from continuing operations before taxes\\nProvisions for income taxes\\n\\n$ 19,654\\n4,875\\n\\n$ 9,047\\n2,882\\n\\n$ 19,796\\n5,238\\n\\nNM\\n69%\\n\\n(54)%\\n(45)\\n\\nIncome from continuing operations\\nNet income attributable to noncontrolling interests\\n\\n$ 14,779\\n68\\n\\n$ 6,165\\n29\\n\\n$ 14,558\\n63\\n\\nNM\\nNM\\n\\n(58)%\\n(54)\\n\\nCiticorp’s net income\\n\\n$ 14,711\\n\\n$ 6,136\\n\\n$ 14,495\\n\\nNM\\n\\n(58)%\\n\\nBalance sheet data (in billions of dollars)\\nTotal EOP assets\\nAverage assets\\n\\n$ 1,079\\n$ 1,035\\n\\n$ 1,002\\n$ 1,256\\n\\n$ 1,222\\n$ 1,353\\n\\n8%\\n(18)%\\n\\n(18)%\\n(7)%\\n\\nTotal EOP deposits\\n\\n$\\n\\n$\\n\\n$\\n\\n9%\\n\\n(8)%\\n\\nIn millions of dollars\\n\\nNet interest revenue\\nNon-interest revenue\\n\\nNM Not meaningful\\n\\n16\\n\\n731\\n\\n673\\n\\n733\"},\"name\":\"fintabnet.C_2009_page_26__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":16012,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:C_2009\",\"dpi\":100,\"gt_sha256\":\"e92b5a683d54b2ebf9193e537dfb8f4d55a024886d35150c918efd32b9b4d89e\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.C_2009_page_26__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.C_2009_page_26\",\"pdf_sha256\":\"1f50bcd263d1a8c18b2bd1ed48333486fd4aeb1b98a7a452712084ad4a2ee4e7\",\"px\":[838,1088],\"scan\":{\"render\":\"20007f007ffe7ffe607e7cf67ffe7cf67ffe6076000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"C_2009_page_26\",\"src\":{\"file_sha256\":\"1f46c66008f7a3905aaf0c1e1387646d2f3714e064e62f547b598c804763c8e3\",\"render\":\"000020003ffc3ffc3ffc3ffc3ffc3ffc3ffc30f8000000000000000000000000\",\"text\":\"b9aef35df7f7a6a3bc673952989f63b7aad980a4a9482ecb3cb56af4f1db483e\"},\"stack\":[{\"deg\":-1.262,\"op\":\"skew\"},{\"amp\":0.141,\"angle\":79.5,\"blob\":0.31,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.815},{\"op\":\"noise\",\"sigma\":5.382},{\"gain\":0.71,\"op\":\"contrast\"},{\"bias\":0.145,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":23}],\"tools\":\"21647cade0ee\"},\"sha256\":\"1f50bcd263d1a8c18b2bd1ed48333486fd4aeb1b98a7a452712084ad4a2ee4e7\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/1f50bcd263d1a8c18b2bd1ed48333486fd4aeb1b98a7a452712084ad4a2ee4e7.pdf","asset_sha256":"1f50bcd263d1a8c18b2bd1ed48333486fd4aeb1b98a7a452712084ad4a2ee4e7","document_id":"fintabnet:C_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"C_2009_page_26\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DE_2012_page_43\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DE_2012\",\"ground_truth\":{\"blocks\":[{\"bbox\":[82.8,71.3,177.8,92.0],\"lines\":[{\"bbox\":[82.8,71.3,177.8,92.0],\"text\":\"15. INVENTORIES\"}],\"order\":0,\"text\":\"15. INVENTORIES\"},{\"bbox\":[75.0,91.8,426.9,274.5],\"lines\":[{\"bbox\":[81.8,91.8,379.9,122.5],\"text\":\"Most inventories owned by Deere & Company and its\"},{\"bbox\":[81.1,108.4,419.9,141.0],\"text\":\"U.S. equipment subsidiaries are valued at cost, on the “last-in,\"},{\"bbox\":[80.3,125.1,407.4,157.1],\"text\":\"first-out” (LIFO) basis. Remaining inventories are generally\"},{\"bbox\":[79.6,141.8,414.9,174.2],\"text\":\"valued at the lower of cost, on the “first-in, first-out” (FIFO)\"},{\"bbox\":[78.8,158.4,409.1,190.6],\"text\":\"basis, or market. The value of gross inventories on the LIFO\"},{\"bbox\":[78.1,175.1,423.1,207.9],\"text\":\"basis represented 61 percent and 59 percent of worldwide gross\"},{\"bbox\":[77.3,191.7,390.0,223.1],\"text\":\"inventories at FIFO value at October 31, 2012 and 2011,\"},{\"bbox\":[76.5,208.4,421.6,241.2],\"text\":\"respectively. If all inventories had been valued on a FIFO basis,\"},{\"bbox\":[75.8,225.1,409.5,257.4],\"text\":\"estimated inventories by major classification at October 31 in\"},{\"bbox\":[75.0,241.7,329.3,270.4],\"text\":\"millions of dollars would have been as follows:\"}],\"order\":1,\"text\":\"Most inventories owned by Deere & Company and its\\nU.S. equipment subsidiaries are valued at cost, on the “last-in,\\nfirst-out” (LIFO) basis. Remaining inventories are generally\\nvalued at the lower of cost, on the “first-in, first-out” (FIFO)\\nbasis, or market. The value of gross inventories on the LIFO\\nbasis represented 61 percent and 59 percent of worldwide gross\\ninventories at FIFO value at October 31, 2012 and 2011,\\nrespectively. If all inventories had been valued on a FIFO basis,\\nestimated inventories by major classification at October 31 in\\nmillions of dollars would have been as follows:\"},{\"bbox\":[332.7,277.3,357.2,293.1],\"lines\":[{\"bbox\":[332.7,277.3,357.2,293.1],\"text\":\"2012\"}],\"order\":2,\"text\":\"2012\"},{\"bbox\":[386.8,279.8,411.3,295.6],\"lines\":[{\"bbox\":[386.8,279.8,411.3,295.6],\"text\":\"2011\"}],\"order\":3,\"text\":\"2011\"},{\"bbox\":[71.8,285.5,416.6,345.6],\"lines\":[{\"bbox\":[73.2,285.5,416.6,315.1],\"text\":\"Raw materials and supplies. .......................................... $ 1,874 $ 1,626\"},{\"bbox\":[72.5,300.7,415.9,330.4],\"text\":\"Work-in-process. ..........................................................\\t\\t 652\\t\\t 647\"},{\"bbox\":[71.8,316.0,361.0,343.2],\"text\":\"Finished goods and parts. ............................................. 4,065\"},{\"bbox\":[387.0,330.3,415.2,345.6],\"text\":\"3,584\"}],\"order\":4,\"text\":\"Raw materials and supplies. .......................................... $ 1,874 $ 1,626\\nWork-in-process. ..........................................................\\t\\t 652\\t\\t 647\\nFinished goods and parts. ............................................. 4,065\\n3,584\"},{\"bbox\":[70.2,336.8,414.3,381.7],\"lines\":[{\"bbox\":[83.4,337.4,414.3,366.5],\"text\":\"Total FIFO value. .......................................................\\t\\t 6,591\\t\\t 5,857\"},{\"bbox\":[70.2,352.1,359.4,379.3],\"text\":\"Less adjustment to LIFO value. ...................................... 1,421\"},{\"bbox\":[386.2,366.4,413.6,381.7],\"text\":\"1,486\"}],\"order\":5,\"text\":\"Total FIFO value. .......................................................\\t\\t 6,591\\t\\t 5,857\\nLess adjustment to LIFO value. ...................................... 1,421\\n1,486\"},{\"bbox\":[69.2,372.5,358.4,400.3],\"lines\":[{\"bbox\":[69.2,372.5,358.4,400.3],\"text\":\"Inventories. ................................................................ $ 5,170\"}],\"order\":6,\"text\":\"Inventories. ................................................................ $ 5,170\"},{\"bbox\":[375.7,386.8,412.6,402.6],\"lines\":[{\"bbox\":[375.7,386.8,412.6,402.6],\"text\":\"$ 4,371\"}],\"order\":7,\"text\":\"$ 4,371\"},{\"bbox\":[67.6,407.2,259.8,432.3],\"lines\":[{\"bbox\":[67.6,407.2,259.8,432.3],\"text\":\"16. PROPERTY AND DEPRECIATION\"}],\"order\":8,\"text\":\"16. PROPERTY AND DEPRECIATION\"},{\"bbox\":[65.9,427.7,417.1,477.4],\"lines\":[{\"bbox\":[66.6,427.7,417.1,460.8],\"text\":\"A summary of property and equipment at October 31 in millions\"},{\"bbox\":[65.9,444.4,162.4,465.9],\"text\":\"of dollars follows:\"}],\"order\":9,\"text\":\"A summary of property and equipment at October 31 in millions\\nof dollars follows:\"},{\"bbox\":[247.9,477.0,306.4,509.0],\"lines\":[{\"bbox\":[248.6,477.0,306.4,493.7],\"text\":\"Useful Lives*\"},{\"bbox\":[260.9,492.9,292.7,508.4],\"text\":\"(Years)\"}],\"order\":10,\"text\":\"Useful Lives*\\n(Years)\"},{\"bbox\":[327.0,495.4,351.5,511.3],\"lines\":[{\"bbox\":[327.0,495.4,351.5,511.3],\"text\":\"2012\"}],\"order\":11,\"text\":\"2012\"},{\"bbox\":[383.2,498.0,407.6,513.8],\"lines\":[{\"bbox\":[383.2,498.0,407.6,513.8],\"text\":\"2011\"}],\"order\":12,\"text\":\"2011\"},{\"bbox\":[59.2,503.0,409.9,624.8],\"lines\":[{\"bbox\":[63.3,503.0,175.2,522.8],\"text\":\"Equipment Operations\"},{\"bbox\":[62.6,518.6,287.5,542.9],\"text\":\"Land................................................... \\t\\t\"},{\"bbox\":[320.0,530.3,409.2,548.4],\"text\":\"$ 137 $ 117\"},{\"bbox\":[61.9,533.9,235.0,555.9],\"text\":\"Buildings and building equipment.........\"},{\"bbox\":[268.2,543.3,408.5,563.7],\"text\":\"23\\t\\t2,584\\t\\t2,430\"},{\"bbox\":[61.3,549.2,234.3,571.1],\"text\":\"Machinery and equipment. ..................\"},{\"bbox\":[268.0,558.5,407.8,579.0],\"text\":\"11\\t\\t4,393\\t\\t4,254\"},{\"bbox\":[60.6,564.4,233.6,586.4],\"text\":\"Dies, patterns, tools, etc......................\"},{\"bbox\":[269.9,573.9,407.2,594.2],\"text\":\"8\\t\\t1,330\\t\\t1,213\"},{\"bbox\":[59.9,579.7,232.9,601.7],\"text\":\"All other..............................................\"},{\"bbox\":[269.2,589.2,406.5,609.5],\"text\":\"6\\t\\t819\\t\\t731\"},{\"bbox\":[59.2,595.0,309.6,620.4],\"text\":\"Construction in progress...................... \\t\\t\"},{\"bbox\":[333.2,607.4,352.3,622.4],\"text\":\"938\"},{\"bbox\":[386.7,609.8,405.8,624.8],\"text\":\"649\"}],\"order\":13,\"text\":\"Equipment Operations\\nLand................................................... \\t\\t\\n$ 137 $ 117\\nBuildings and building equipment.........\\n23\\t\\t2,584\\t\\t2,430\\nMachinery and equipment. ..................\\n11\\t\\t4,393\\t\\t4,254\\nDies, patterns, tools, etc......................\\n8\\t\\t1,330\\t\\t1,213\\nAll other..............................................\\n6\\t\\t819\\t\\t731\\nConstruction in progress...................... \\t\\t\\n938\\n649\"},{\"bbox\":[57.6,614.4,404.9,659.5],\"lines\":[{\"bbox\":[70.8,615.0,404.9,644.2],\"text\":\"Total at cost.................................... \\t\\t\\t10,201\\t\\t 9,394\"},{\"bbox\":[57.6,629.7,350.8,657.1],\"text\":\"Less accumulated depreciation............ \\t\\t 5,250\"},{\"bbox\":[378.0,644.2,404.2,659.5],\"text\":\"5,107\"}],\"order\":14,\"text\":\"Total at cost.................................... \\t\\t\\t10,201\\t\\t 9,394\\nLess accumulated depreciation............ \\t\\t 5,250\\n5,107\"},{\"bbox\":[69.2,649.7,307.1,674.6],\"lines\":[{\"bbox\":[69.2,649.7,307.1,674.6],\"text\":\"Total............................................... \\t\\t\"}],\"order\":15,\"text\":\"Total............................................... \\t\\t\"},{\"bbox\":[322.5,661.2,349.9,676.5],\"lines\":[{\"bbox\":[322.5,661.2,349.9,676.5],\"text\":\"4,951\"}],\"order\":16,\"text\":\"4,951\"},{\"bbox\":[375.6,663.6,403.3,678.9],\"lines\":[{\"bbox\":[375.6,663.6,403.3,678.9],\"text\":\"4,287\"}],\"order\":17,\"text\":\"4,287\"},{\"bbox\":[53.8,668.1,402.5,744.2],\"lines\":[{\"bbox\":[55.8,668.1,148.2,687.1],\"text\":\"Financial Services\"},{\"bbox\":[55.2,683.8,401.7,713.6],\"text\":\"Land................................................... \\t\\t\\t 4\\t\\t 4\"},{\"bbox\":[54.5,699.1,227.5,721.0],\"text\":\"Buildings and building equipment.........\"},{\"bbox\":[260.8,708.4,401.1,728.9],\"text\":\"27\\t\\t 70\\t\\t 71\"},{\"bbox\":[53.8,714.4,226.8,736.3],\"text\":\"All other..............................................\"},{\"bbox\":[263.1,723.8,269.7,738.2],\"text\":\"6\"},{\"bbox\":[334.1,727.1,346.9,741.7],\"text\":\"36\"},{\"bbox\":[387.6,729.5,400.4,744.2],\"text\":\"39\"}],\"order\":18,\"text\":\"Financial Services\\nLand................................................... \\t\\t\\t 4\\t\\t 4\\nBuildings and building equipment.........\\n27\\t\\t 70\\t\\t 71\\nAll other..............................................\\n6\\n36\\n39\"},{\"bbox\":[52.2,733.8,399.5,778.9],\"lines\":[{\"bbox\":[65.4,734.4,399.5,763.6],\"text\":\"Total at cost.................................... \\t\\t\\t110\\t\\t114\"},{\"bbox\":[52.2,749.1,302.6,774.5],\"text\":\"Less accumulated depreciation............ \\t\\t\"},{\"bbox\":[332.6,761.8,345.4,776.4],\"text\":\"49\"},{\"bbox\":[386.0,764.2,398.8,778.9],\"text\":\"49\"}],\"order\":19,\"text\":\"Total at cost.................................... \\t\\t\\t110\\t\\t114\\nLess accumulated depreciation............ \\t\\t\\n49\\n49\"},{\"bbox\":[331.8,781.2,344.5,795.9],\"lines\":[{\"bbox\":[331.8,781.2,344.5,795.9],\"text\":\"61\"}],\"order\":20,\"text\":\"61\"},{\"bbox\":[385.0,783.6,397.9,798.3],\"lines\":[{\"bbox\":[385.0,783.6,397.9,798.3],\"text\":\"65\"}],\"order\":21,\"text\":\"65\"},{\"bbox\":[50.4,787.5,343.6,815.5],\"lines\":[{\"bbox\":[50.4,787.5,343.6,815.5],\"text\":\"Property and equipment-net. ......... \\t\\t $ 5,012\"}],\"order\":22,\"text\":\"Property and equipment-net. ......... \\t\\t $ 5,012\"},{\"bbox\":[63.8,769.1,301.7,793.9],\"lines\":[{\"bbox\":[63.8,769.1,301.7,793.9],\"text\":\"Total............................................... \\t\\t\"}],\"order\":23,\"text\":\"Total............................................... \\t\\t\"},{\"bbox\":[360.5,802.0,397.0,817.7],\"lines\":[{\"bbox\":[360.5,802.0,397.0,817.7],\"text\":\"$ 4,352\"}],\"order\":24,\"text\":\"$ 4,352\"},{\"bbox\":[49.5,810.0,139.7,826.7],\"lines\":[{\"bbox\":[49.5,810.0,139.7,826.7],\"text\":\"* Weighted-averages\"}],\"order\":25,\"text\":\"* Weighted-averages\"},{\"bbox\":[441.6,86.3,807.9,469.2],\"lines\":[{\"bbox\":[487.4,87.7,785.6,118.4],\"text\":\"Total property and equipment additions in 2012, 2011\"},{\"bbox\":[456.7,103.0,804.1,135.9],\"text\":\"and 2010 were $1,376 million, $1,059 million and $802 million\"},{\"bbox\":[455.9,119.6,773.9,151.2],\"text\":\"and depreciation was $555 million, $516 million and $540\"},{\"bbox\":[455.2,136.3,763.8,167.5],\"text\":\"million, respectively. Capitalized interest was $7 million,\"},{\"bbox\":[454.4,152.9,777.1,184.7],\"text\":\"$8 million and $6 million in the same periods, respectively.\"},{\"bbox\":[453.7,169.6,795.0,202.2],\"text\":\"The cost of leased property and equipment under capital leases\"},{\"bbox\":[452.9,186.2,786.1,218.5],\"text\":\"of $47 million and $41 million and accumulated depreciation\"},{\"bbox\":[452.2,202.9,789.8,235.4],\"text\":\"of $25 million and $23 million at October 31, 2012 and 2011,\"},{\"bbox\":[451.4,219.6,735.4,249.6],\"text\":\"respectively, is included in property and equipment.\"},{\"bbox\":[480.6,237.6,784.9,268.6],\"text\":\"Capitalized software has an estimated useful life of three\"},{\"bbox\":[449.9,252.9,796.4,285.8],\"text\":\"years. The amounts of total capitalized software costs, including\"},{\"bbox\":[449.2,269.5,758.4,300.7],\"text\":\"purchased and internally developed software, classified as\"},{\"bbox\":[448.4,286.2,798.9,319.3],\"text\":\"“Other Assets” at October 31, 2012 and 2011 were $684 million\"},{\"bbox\":[447.7,302.9,797.9,335.9],\"text\":\"and $592 million, less accumulated amortization of $493 million\"},{\"bbox\":[446.9,319.5,785.7,352.1],\"text\":\"and $451 million, respectively. Amortization of these software\"},{\"bbox\":[446.1,336.2,769.5,368.0],\"text\":\"costs was $89 million in 2012, $73 million in 2011 and $68\"},{\"bbox\":[445.4,352.8,790.2,385.7],\"text\":\"million in 2010. The cost of leased software assets under capital\"},{\"bbox\":[444.6,369.5,791.9,402.4],\"text\":\"leases amounting to $42 million and $40 million at October 31,\"},{\"bbox\":[443.9,386.1,744.7,417.0],\"text\":\"2012 and 2011, respectively, is included in other assets.\"},{\"bbox\":[473.1,404.2,776.6,435.1],\"text\":\"The cost of compliance with foreseeable environmental\"},{\"bbox\":[442.4,419.5,762.0,451.1],\"text\":\"requirements has been accrued and did not have a material\"},{\"bbox\":[441.6,436.1,756.2,467.6],\"text\":\"effect on the company’s consolidated financial statements.\"}],\"order\":26,\"text\":\"Total property and equipment additions in 2012, 2011\\nand 2010 were $1,376 million, $1,059 million and $802 million\\nand depreciation was $555 million, $516 million and $540\\nmillion, respectively. Capitalized interest was $7 million,\\n$8 million and $6 million in the same periods, respectively.\\nThe cost of leased property and equipment under capital leases\\nof $47 million and $41 million and accumulated depreciation\\nof $25 million and $23 million at October 31, 2012 and 2011,\\nrespectively, is included in property and equipment.\\nCapitalized software has an estimated useful life of three\\nyears. The amounts of total capitalized software costs, including\\npurchased and internally developed software, classified as\\n“Other Assets” at October 31, 2012 and 2011 were $684 million\\nand $592 million, less accumulated amortization of $493 million\\nand $451 million, respectively. Amortization of these software\\ncosts was $89 million in 2012, $73 million in 2011 and $68\\nmillion in 2010. The cost of leased software assets under capital\\nleases amounting to $42 million and $40 million at October 31,\\n2012 and 2011, respectively, is included in other assets.\\nThe cost of compliance with foreseeable environmental\\nrequirements has been accrued and did not have a material\\neffect on the company’s consolidated financial statements.\"},{\"bbox\":[440.6,458.7,731.1,488.2],\"lines\":[{\"bbox\":[440.6,458.7,731.1,488.2],\"text\":\"17. GOODWILL AND OTHER INTANGIBLE ASSETS-NET\"}],\"order\":27,\"text\":\"17. GOODWILL AND OTHER INTANGIBLE ASSETS-NET\"},{\"bbox\":[438.9,479.1,764.6,527.7],\"lines\":[{\"bbox\":[439.7,479.1,764.6,511.1],\"text\":\"The changes in amounts of goodwill by operating segments\"},{\"bbox\":[438.9,495.8,640.9,522.1],\"text\":\"were as follows in millions of dollars:\"}],\"order\":28,\"text\":\"The changes in amounts of goodwill by operating segments\\nwere as follows in millions of dollars:\"},{\"bbox\":[620.8,528.4,738.7,575.6],\"lines\":[{\"bbox\":[622.0,528.4,738.7,547.8],\"text\":\"Agriculture Construction\"},{\"bbox\":[637.3,541.6,654.4,556.5],\"text\":\"and\"},{\"bbox\":[701.1,544.5,718.2,559.4],\"text\":\"and\"},{\"bbox\":[636.2,556.9,654.1,571.8],\"text\":\"Turf\"},{\"bbox\":[690.5,559.4,727.4,575.1],\"text\":\"Forestry\"}],\"order\":29,\"text\":\"Agriculture Construction\\nand\\nand\\nTurf\\nForestry\"},{\"bbox\":[750.8,562.1,772.5,577.2],\"lines\":[{\"bbox\":[750.8,562.1,772.5,577.2],\"text\":\"Total\"}],\"order\":30,\"text\":\"Total\"},{\"bbox\":[427.8,567.3,786.1,773.5],\"lines\":[{\"bbox\":[435.8,567.3,658.5,591.5],\"text\":\"Balance at October 31, 2010............... $ 705\"},{\"bbox\":[688.3,578.7,725.1,594.5],\"text\":\"$ 610\"},{\"bbox\":[746.6,581.4,783.3,597.1],\"text\":\"$ 1,315\"},{\"bbox\":[447.6,583.1,528.4,600.9],\"text\":\"Less accumulated\"},{\"bbox\":[434.4,597.8,607.5,619.8],\"text\":\"\\t\\timpairment losses.......................\"},{\"bbox\":[639.0,607.1,657.1,622.0],\"text\":\"316\"},{\"bbox\":[763.8,612.8,781.9,627.7],\"text\":\"316\"},{\"bbox\":[446.1,616.4,781.1,645.7],\"text\":\"Net balance. ................................... \\t\\t 389\\t\\t 610\\t\\t 999\"},{\"bbox\":[432.9,631.1,630.6,654.2],\"text\":\"Acquisitions. ....................................... \\t\\t\"},{\"bbox\":[648.9,640.9,755.5,659.8],\"text\":\"1\\t\\t\\t\\t\"},{\"bbox\":[773.8,646.6,780.4,661.0],\"text\":\"1\"},{\"bbox\":[432.2,646.4,605.2,668.3],\"text\":\"Translation adjustments and other. ......\"},{\"bbox\":[644.3,656.0,657.6,670.7],\"text\":\"(5)\"},{\"bbox\":[714.8,659.2,721.5,673.6],\"text\":\"5\"},{\"bbox\":[431.4,664.4,778.9,694.3],\"text\":\"Balance at October 31, 2011............... \\t\\t 701\\t\\t 615\\t\\t1,316\"},{\"bbox\":[443.2,680.3,524.0,698.0],\"text\":\"Less accumulated\"},{\"bbox\":[430.0,695.0,603.1,716.9],\"text\":\"\\t\\timpairment losses.......................\"},{\"bbox\":[634.6,704.2,652.7,719.2],\"text\":\"316\"},{\"bbox\":[759.4,709.9,777.5,724.8],\"text\":\"316\"},{\"bbox\":[441.7,713.6,776.7,742.9],\"text\":\"Net balance.................................... \\t\\t 385\\t\\t 615\\t\\t1,000\"},{\"bbox\":[428.5,728.3,778.8,758.3],\"text\":\"Impairment loss*................................. \\t\\t (33)\\t\\t\\t\\t (33)\"},{\"bbox\":[427.8,743.6,600.9,765.5],\"text\":\"Translation adjustments and other. ......\"},{\"bbox\":[635.0,752.9,653.3,767.9],\"text\":\"(15)\"},{\"bbox\":[701.1,755.9,719.9,770.9],\"text\":\"(31)\"},{\"bbox\":[758.7,758.5,778.1,773.5],\"text\":\"(46)\"}],\"order\":31,\"text\":\"Balance at October 31, 2010............... $ 705\\n$ 610\\n$ 1,315\\nLess accumulated\\n\\t\\timpairment losses.......................\\n316\\n316\\nNet balance. ................................... \\t\\t 389\\t\\t 610\\t\\t 999\\nAcquisitions. ....................................... \\t\\t\\n1\\t\\t\\t\\t\\n1\\nTranslation adjustments and other. ......\\n(5)\\n5\\nBalance at October 31, 2011............... \\t\\t 701\\t\\t 615\\t\\t1,316\\nLess accumulated\\n\\t\\timpairment losses.......................\\n316\\n316\\nNet balance.................................... \\t\\t 385\\t\\t 615\\t\\t1,000\\nImpairment loss*................................. \\t\\t (33)\\t\\t\\t\\t (33)\\nTranslation adjustments and other. ......\\n(15)\\n(31)\\n(46)\"},{\"bbox\":[424.8,763.0,774.5,841.6],\"lines\":[{\"bbox\":[427.0,763.0,774.5,792.8],\"text\":\"Balance at October 31, 2012............... \\t\\t 686\\t\\t 584\\t\\t1,270\"},{\"bbox\":[438.8,778.8,519.6,796.6],\"text\":\"Less accumulated\"},{\"bbox\":[425.6,793.5,598.6,815.5],\"text\":\"\\t\\timpairment losses.......................\"},{\"bbox\":[629.2,802.7,648.3,817.7],\"text\":\"349\"},{\"bbox\":[754.0,808.4,773.1,823.4],\"text\":\"349\"},{\"bbox\":[424.8,811.1,647.5,836.0],\"text\":\"Goodwill. .......................................... $ 337\"},{\"bbox\":[677.3,823.0,714.0,838.8],\"text\":\"$ 584\"},{\"bbox\":[735.6,825.6,772.3,841.4],\"text\":\"$ 921\"}],\"order\":32,\"text\":\"Balance at October 31, 2012............... \\t\\t 686\\t\\t 584\\t\\t1,270\\nLess accumulated\\n\\t\\timpairment losses.......................\\n349\\n349\\nGoodwill. .......................................... $ 337\\n$ 584\\n$ 921\"},{\"bbox\":[423.8,833.7,483.9,849.0],\"lines\":[{\"bbox\":[423.8,833.7,483.9,849.0],\"text\":\"* See Note 5.\"}],\"order\":33,\"text\":\"* See Note 5.\"},{\"bbox\":[773.8,1051.6,788.3,1073.0],\"lines\":[{\"bbox\":[773.8,1051.6,788.3,1073.0],\"text\":\"43\"}],\"order\":34,\"text\":\"43\"}],\"doc\":\"fintabnet:DE_2012\",\"dpi\":100,\"image_px\":[850,1088],\"layout\":[],\"markdown\":\"15. INVENTORIES\\n\\nMost inventories owned by Deere & Company and its\\nU.S. equipment subsidiaries are valued at cost, on the “last-in,\\nfirst-out” (LIFO) basis. Remaining inventories are generally\\nvalued at the lower of cost, on the “first-in, first-out” (FIFO)\\nbasis, or market. The value of gross inventories on the LIFO\\nbasis represented 61 percent and 59 percent of worldwide gross\\ninventories at FIFO value at October 31, 2012 and 2011,\\nrespectively. If all inventories had been valued on a FIFO basis,\\nestimated inventories by major classification at October 31 in\\nmillions of dollars would have been as follows:\\n\\n2012\\n\\n2011\\n\\nRaw materials and supplies. .......................................... $ 1,874 $ 1,626\\nWork-in-process. ..........................................................\\t\\t 652\\t\\t 647\\nFinished goods and parts. ............................................. 4,065\\n3,584\\n\\nTotal FIFO value. .......................................................\\t\\t 6,591\\t\\t 5,857\\nLess adjustment to LIFO value. ...................................... 1,421\\n1,486\\n\\nInventories. ................................................................ $ 5,170\\n\\n$ 4,371\\n\\n16. PROPERTY AND DEPRECIATION\\n\\nA summary of property and equipment at October 31 in millions\\nof dollars follows:\\n\\nUseful Lives*\\n(Years)\\n\\n2012\\n\\n2011\\n\\nEquipment Operations\\nLand................................................... \\t\\t\\n$ 137 $ 117\\nBuildings and building equipment.........\\n23\\t\\t2,584\\t\\t2,430\\nMachinery and equipment. ..................\\n11\\t\\t4,393\\t\\t4,254\\nDies, patterns, tools, etc......................\\n8\\t\\t1,330\\t\\t1,213\\nAll other..............................................\\n6\\t\\t819\\t\\t731\\nConstruction in progress...................... \\t\\t\\n938\\n649\\n\\nTotal at cost.................................... \\t\\t\\t10,201\\t\\t 9,394\\nLess accumulated depreciation............ \\t\\t 5,250\\n5,107\\n\\nTotal............................................... \\t\\t\\n\\n4,951\\n\\n4,287\\n\\nFinancial Services\\nLand................................................... \\t\\t\\t 4\\t\\t 4\\nBuildings and building equipment.........\\n27\\t\\t 70\\t\\t 71\\nAll other..............................................\\n6\\n36\\n39\\n\\nTotal at cost.................................... \\t\\t\\t110\\t\\t114\\nLess accumulated depreciation............ \\t\\t\\n49\\n49\\n\\n61\\n\\n65\\n\\nProperty and equipment-net. ......... \\t\\t $ 5,012\\n\\nTotal............................................... \\t\\t\\n\\n$ 4,352\\n\\n* Weighted-averages\\n\\nTotal property and equipment additions in 2012, 2011\\nand 2010 were $1,376 million, $1,059 million and $802 million\\nand depreciation was $555 million, $516 million and $540\\nmillion, respectively. Capitalized interest was $7 million,\\n$8 million and $6 million in the same periods, respectively.\\nThe cost of leased property and equipment under capital leases\\nof $47 million and $41 million and accumulated depreciation\\nof $25 million and $23 million at October 31, 2012 and 2011,\\nrespectively, is included in property and equipment.\\nCapitalized software has an estimated useful life of three\\nyears. The amounts of total capitalized software costs, including\\npurchased and internally developed software, classified as\\n“Other Assets” at October 31, 2012 and 2011 were $684 million\\nand $592 million, less accumulated amortization of $493 million\\nand $451 million, respectively. Amortization of these software\\ncosts was $89 million in 2012, $73 million in 2011 and $68\\nmillion in 2010. The cost of leased software assets under capital\\nleases amounting to $42 million and $40 million at October 31,\\n2012 and 2011, respectively, is included in other assets.\\nThe cost of compliance with foreseeable environmental\\nrequirements has been accrued and did not have a material\\neffect on the company’s consolidated financial statements.\\n\\n17. GOODWILL AND OTHER INTANGIBLE ASSETS-NET\\n\\nThe changes in amounts of goodwill by operating segments\\nwere as follows in millions of dollars:\\n\\nAgriculture Construction\\nand\\nand\\nTurf\\nForestry\\n\\nTotal\\n\\nBalance at October 31, 2010............... $ 705\\n$ 610\\n$ 1,315\\nLess accumulated\\n\\t\\timpairment losses.......................\\n316\\n316\\nNet balance. ................................... \\t\\t 389\\t\\t 610\\t\\t 999\\nAcquisitions. ....................................... \\t\\t\\n1\\t\\t\\t\\t\\n1\\nTranslation adjustments and other. ......\\n(5)\\n5\\nBalance at October 31, 2011............... \\t\\t 701\\t\\t 615\\t\\t1,316\\nLess accumulated\\n\\t\\timpairment losses.......................\\n316\\n316\\nNet balance.................................... \\t\\t 385\\t\\t 615\\t\\t1,000\\nImpairment loss*................................. \\t\\t (33)\\t\\t\\t\\t (33)\\nTranslation adjustments and other. ......\\n(15)\\n(31)\\n(46)\\n\\nBalance at October 31, 2012............... \\t\\t 686\\t\\t 584\\t\\t1,270\\nLess accumulated\\n\\t\\timpairment losses.......................\\n349\\n349\\nGoodwill. .......................................... $ 337\\n$ 584\\n$ 921\\n\\n* See Note 5.\\n\\n43\",\"name\":\"fintabnet.DE_2012_page_43__100dpi_heavy\",\"page_id\":\"fintabnet.DE_2012_page_43\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.593,\"source\":\"fintabnet\",\"source_id\":\"DE_2012_page_43\",\"stack\":[{\"deg\":-2.593,\"op\":\"skew\"},{\"amp\":0.199,\"angle\":21.7,\"blob\":0.626,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.706},{\"op\":\"noise\",\"sigma\":17.968},{\"gain\":0.594,\"op\":\"contrast\"},{\"bias\":0.076,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":40}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[50.4,468.7,411.5,818.0],\"block_orders\":[10,11,12,13,14,15,16,17,18,19,20,21,22,23,24],\"cells\":null}],\"text\":\"15. INVENTORIES\\n\\nMost inventories owned by Deere & Company and its\\nU.S. equipment subsidiaries are valued at cost, on the “last-in,\\nfirst-out” (LIFO) basis. Remaining inventories are generally\\nvalued at the lower of cost, on the “first-in, first-out” (FIFO)\\nbasis, or market. The value of gross inventories on the LIFO\\nbasis represented 61 percent and 59 percent of worldwide gross\\ninventories at FIFO value at October 31, 2012 and 2011,\\nrespectively. If all inventories had been valued on a FIFO basis,\\nestimated inventories by major classification at October 31 in\\nmillions of dollars would have been as follows:\\n\\n2012\\n\\n2011\\n\\nRaw materials and supplies. .......................................... $ 1,874 $ 1,626\\nWork-in-process. ..........................................................\\t\\t 652\\t\\t 647\\nFinished goods and parts. ............................................. 4,065\\n3,584\\n\\nTotal FIFO value. .......................................................\\t\\t 6,591\\t\\t 5,857\\nLess adjustment to LIFO value. ...................................... 1,421\\n1,486\\n\\nInventories. ................................................................ $ 5,170\\n\\n$ 4,371\\n\\n16. PROPERTY AND DEPRECIATION\\n\\nA summary of property and equipment at October 31 in millions\\nof dollars follows:\\n\\nUseful Lives*\\n(Years)\\n\\n2012\\n\\n2011\\n\\nEquipment Operations\\nLand................................................... \\t\\t\\n$ 137 $ 117\\nBuildings and building equipment.........\\n23\\t\\t2,584\\t\\t2,430\\nMachinery and equipment. ..................\\n11\\t\\t4,393\\t\\t4,254\\nDies, patterns, tools, etc......................\\n8\\t\\t1,330\\t\\t1,213\\nAll other..............................................\\n6\\t\\t819\\t\\t731\\nConstruction in progress...................... \\t\\t\\n938\\n649\\n\\nTotal at cost.................................... \\t\\t\\t10,201\\t\\t 9,394\\nLess accumulated depreciation............ \\t\\t 5,250\\n5,107\\n\\nTotal............................................... \\t\\t\\n\\n4,951\\n\\n4,287\\n\\nFinancial Services\\nLand................................................... \\t\\t\\t 4\\t\\t 4\\nBuildings and building equipment.........\\n27\\t\\t 70\\t\\t 71\\nAll other..............................................\\n6\\n36\\n39\\n\\nTotal at cost.................................... \\t\\t\\t110\\t\\t114\\nLess accumulated depreciation............ \\t\\t\\n49\\n49\\n\\n61\\n\\n65\\n\\nProperty and equipment-net. ......... \\t\\t $ 5,012\\n\\nTotal............................................... \\t\\t\\n\\n$ 4,352\\n\\n* Weighted-averages\\n\\nTotal property and equipment additions in 2012, 2011\\nand 2010 were $1,376 million, $1,059 million and $802 million\\nand depreciation was $555 million, $516 million and $540\\nmillion, respectively. Capitalized interest was $7 million,\\n$8 million and $6 million in the same periods, respectively.\\nThe cost of leased property and equipment under capital leases\\nof $47 million and $41 million and accumulated depreciation\\nof $25 million and $23 million at October 31, 2012 and 2011,\\nrespectively, is included in property and equipment.\\nCapitalized software has an estimated useful life of three\\nyears. The amounts of total capitalized software costs, including\\npurchased and internally developed software, classified as\\n“Other Assets” at October 31, 2012 and 2011 were $684 million\\nand $592 million, less accumulated amortization of $493 million\\nand $451 million, respectively. Amortization of these software\\ncosts was $89 million in 2012, $73 million in 2011 and $68\\nmillion in 2010. The cost of leased software assets under capital\\nleases amounting to $42 million and $40 million at October 31,\\n2012 and 2011, respectively, is included in other assets.\\nThe cost of compliance with foreseeable environmental\\nrequirements has been accrued and did not have a material\\neffect on the company’s consolidated financial statements.\\n\\n17. GOODWILL AND OTHER INTANGIBLE ASSETS-NET\\n\\nThe changes in amounts of goodwill by operating segments\\nwere as follows in millions of dollars:\\n\\nAgriculture Construction\\nand\\nand\\nTurf\\nForestry\\n\\nTotal\\n\\nBalance at October 31, 2010............... $ 705\\n$ 610\\n$ 1,315\\nLess accumulated\\n\\t\\timpairment losses.......................\\n316\\n316\\nNet balance. ................................... \\t\\t 389\\t\\t 610\\t\\t 999\\nAcquisitions. ....................................... \\t\\t\\n1\\t\\t\\t\\t\\n1\\nTranslation adjustments and other. ......\\n(5)\\n5\\nBalance at October 31, 2011............... \\t\\t 701\\t\\t 615\\t\\t1,316\\nLess accumulated\\n\\t\\timpairment losses.......................\\n316\\n316\\nNet balance.................................... \\t\\t 385\\t\\t 615\\t\\t1,000\\nImpairment loss*................................. \\t\\t (33)\\t\\t\\t\\t (33)\\nTranslation adjustments and other. ......\\n(15)\\n(31)\\n(46)\\n\\nBalance at October 31, 2012............... \\t\\t 686\\t\\t 584\\t\\t1,270\\nLess accumulated\\n\\t\\timpairment losses.......................\\n349\\n349\\nGoodwill. .......................................... $ 337\\n$ 584\\n$ 921\\n\\n* See Note 5.\\n\\n43\"},\"name\":\"fintabnet.DE_2012_page_43__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":58464,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:DE_2012\",\"dpi\":100,\"gt_sha256\":\"c3a1a85268c093c0966cac552fbd328fd4b9e4f2f47cc172d9149f8af2285717\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DE_2012_page_43__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.DE_2012_page_43\",\"pdf_sha256\":\"007892c4a6ee698c045355d788fb2c9d9ed9b98b64a644f9daf625f256b89090\",\"px\":[850,1088],\"scan\":{\"render\":\"00007ffe7ffe7e7e73fe63fe7bfc67fc72c463e860c272e00094000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"DE_2012_page_43\",\"src\":{\"file_sha256\":\"be62165cc04d755ed6a541eef7714fcda9893f24f0d10ae1e9fb5c93f9a2270d\",\"render\":\"00007ffe7efc7efc7ffe63fc7ffc7ffc72ee63ce60c273ce038e000000000000\",\"text\":\"3c3bae25ed0750c94cc2daed906d7cf929e2ae93df3a8fdc0da50f790b01ad5e\"},\"stack\":[{\"deg\":-2.593,\"op\":\"skew\"},{\"amp\":0.199,\"angle\":21.7,\"blob\":0.626,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.706},{\"op\":\"noise\",\"sigma\":17.968},{\"gain\":0.594,\"op\":\"contrast\"},{\"bias\":0.076,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":40}],\"tools\":\"21647cade0ee\"},\"sha256\":\"007892c4a6ee698c045355d788fb2c9d9ed9b98b64a644f9daf625f256b89090\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/007892c4a6ee698c045355d788fb2c9d9ed9b98b64a644f9daf625f256b89090.pdf","asset_sha256":"007892c4a6ee698c045355d788fb2c9d9ed9b98b64a644f9daf625f256b89090","document_id":"fintabnet:DE_2012","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DE_2012_page_43\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DG_2005_page_44\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DG_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[166.6,233.8,1140.4,313.1],\"lines\":[{\"bbox\":[166.6,233.8,1140.4,313.1],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"}],\"order\":0,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[1266.4,409.0,2285.1,1090.4],\"lines\":[{\"bbox\":[1266.4,409.2,2253.3,491.0],\"text\":\"er appraised values. Assets to be disposed of are adjusted\"},{\"bbox\":[1268.7,460.8,2218.1,540.9],\"text\":\"to the fair value less the cost to sell if less than the book\"},{\"bbox\":[1270.9,512.5,2181.2,590.9],\"text\":\"value. The Company recorded impairment charges of\"},{\"bbox\":[1273.2,560.9,2219.7,640.8],\"text\":\"approximately $0.5 million and $0.6 million in 2004 and\"},{\"bbox\":[1275.4,608.8,2267.2,690.8],\"text\":\"2003, respectively, and $4.7 million prior to 2003 to reduce\"},{\"bbox\":[1277.6,661.5,2208.2,740.7],\"text\":\"the carrying value of its Homerville, Georgia DC (which\"},{\"bbox\":[1279.9,711.7,2205.1,790.7],\"text\":\"was sold in 2004). The Company also recorded impair-\"},{\"bbox\":[1282.1,760.5,2232.7,840.6],\"text\":\"ment charges of approximately $0.6 million in 2005 and\"},{\"bbox\":[1284.3,813.8,2159.5,890.6],\"text\":\"$0.2 million in each of 2004 and 2003 to reduce the\"},{\"bbox\":[1286.6,861.3,2215.9,940.5],\"text\":\"carrying value of certain of its stores’ assets as deemed\"},{\"bbox\":[1288.8,911.8,2205.8,990.5],\"text\":\"necessary due to negative sales trends and cash flows\"},{\"bbox\":[1291.1,966.2,2109.9,1040.4],\"text\":\"at these locations. These charges are included in\"},{\"bbox\":[1293.3,1041.3,1550.7,1090.4],\"text\":\"SG&A expense.\"}],\"order\":1,\"text\":\"er appraised values. Assets to be disposed of are adjusted\\nto the fair value less the cost to sell if less than the book\\nvalue. The Company recorded impairment charges of\\napproximately $0.5 million and $0.6 million in 2004 and\\n2003, respectively, and $4.7 million prior to 2003 to reduce\\nthe carrying value of its Homerville, Georgia DC (which\\nwas sold in 2004). The Company also recorded impair-\\nment charges of approximately $0.6 million in 2005 and\\n$0.2 million in each of 2004 and 2003 to reduce the\\ncarrying value of certain of its stores’ assets as deemed\\nnecessary due to negative sales trends and cash flows\\nat these locations. These charges are included in\\nSG&A expense.\"},{\"bbox\":[176.7,457.8,1177.9,739.6],\"lines\":[{\"bbox\":[251.6,461.4,1088.7,536.4],\"text\":\"For the years ended February 3, 2006, January 28,\"},{\"bbox\":[178.9,507.7,1171.2,589.7],\"text\":\"2005, and January 30, 2004, gross realized gains and losses\"},{\"bbox\":[181.2,558.0,1166.5,639.7],\"text\":\"on the sales of available-for-sale securities were not mate-\"},{\"bbox\":[183.4,608.9,1147.2,689.6],\"text\":\"rial. The cost of securities sold is based upon the specific\"},{\"bbox\":[185.6,685.0,566.4,739.6],\"text\":\"identification method.\"}],\"order\":2,\"text\":\"For the years ended February 3, 2006, January 28,\\n2005, and January 30, 2004, gross realized gains and losses\\non the sales of available-for-sale securities were not mate-\\nrial. The cost of securities sold is based upon the specific\\nidentification method.\"},{\"bbox\":[190.1,757.2,1225.0,1638.7],\"lines\":[{\"bbox\":[190.1,784.1,588.7,839.9],\"text\":\"Merchandise inventories\"},{\"bbox\":[267.3,809.1,1148.0,886.1],\"text\":\"Inventories are stated at the lower of cost or market\"},{\"bbox\":[194.6,861.8,1089.5,939.4],\"text\":\"with cost determined using the retail last-in, first-out\"},{\"bbox\":[196.8,908.0,1174.8,989.3],\"text\":\"(“LIFO”) method. The excess of current cost over LIFO cost\"},{\"bbox\":[199.1,959.8,1136.1,1039.3],\"text\":\"was approximately $5.8 million at February 3, 2006 and\"},{\"bbox\":[201.3,1011.1,1107.2,1089.2],\"text\":\"$6.3 million at January 28, 2005. Current cost is deter-\"},{\"bbox\":[203.5,1061.7,1094.7,1139.2],\"text\":\"mined using the retail first-in, first-out method. LIFO\"},{\"bbox\":[205.8,1109.0,1156.4,1189.1],\"text\":\"reserves decreased $0.5 million and $0.2 million in 2005\"},{\"bbox\":[208.0,1157.6,1188.7,1239.1],\"text\":\"and 2004, respectively, and increased $0.7 million in 2003.\"},{\"bbox\":[210.3,1208.4,1172.1,1289.0],\"text\":\"Costs directly associated with warehousing and distribu-\"},{\"bbox\":[212.5,1275.4,794.0,1339.0],\"text\":\"tion are capitalized into inventory.\"},{\"bbox\":[289.7,1306.6,1213.8,1385.6],\"text\":\"In 2005, the Company expanded the number of inven-\"},{\"bbox\":[217.0,1358.1,1182.1,1438.9],\"text\":\"tory departments it utilizes for its gross profit calculation\"},{\"bbox\":[219.2,1409.2,1158.5,1488.8],\"text\":\"from 10 to 23. The impact of this change in estimate on\"},{\"bbox\":[221.5,1459.4,1155.6,1538.8],\"text\":\"the Company’s consolidated 2005 results of operations\"},{\"bbox\":[223.7,1509.3,1158.2,1588.7],\"text\":\"was an estimated reduction of gross profit and a corre-\"},{\"bbox\":[225.9,1559.3,1159.0,1638.7],\"text\":\"sponding decrease to inventory, at cost, of $5.2 million.\"}],\"order\":3,\"text\":\"Merchandise inventories\\nInventories are stated at the lower of cost or market\\nwith cost determined using the retail last-in, first-out\\n(“LIFO”) method. The excess of current cost over LIFO cost\\nwas approximately $5.8 million at February 3, 2006 and\\n$6.3 million at January 28, 2005. Current cost is deter-\\nmined using the retail first-in, first-out method. LIFO\\nreserves decreased $0.5 million and $0.2 million in 2005\\nand 2004, respectively, and increased $0.7 million in 2003.\\nCosts directly associated with warehousing and distribu-\\ntion are capitalized into inventory.\\nIn 2005, the Company expanded the number of inven-\\ntory departments it utilizes for its gross profit calculation\\nfrom 10 to 23. The impact of this change in estimate on\\nthe Company’s consolidated 2005 results of operations\\nwas an estimated reduction of gross profit and a corre-\\nsponding decrease to inventory, at cost, of $5.2 million.\"},{\"bbox\":[1297.8,1108.7,2290.5,1390.1],\"lines\":[{\"bbox\":[1297.8,1143.7,1499.9,1190.7],\"text\":\"Other assets\"},{\"bbox\":[1374.9,1161.3,2223.3,1236.9],\"text\":\"Other assets consist primarily of long-term invest-\"},{\"bbox\":[1302.2,1209.5,2265.1,1290.2],\"text\":\"ments, debt issuance costs which are amortized over the\"},{\"bbox\":[1304.5,1258.5,2288.3,1340.1],\"text\":\"life of the related obligations, utility and security deposits,\"},{\"bbox\":[1306.7,1325.3,1914.2,1390.1],\"text\":\"life insurance policies and goodwill.\"}],\"order\":4,\"text\":\"Other assets\\nOther assets consist primarily of long-term invest-\\nments, debt issuance costs which are amortized over the\\nlife of the related obligations, utility and security deposits,\\nlife insurance policies and goodwill.\"},{\"bbox\":[1311.2,1407.6,2329.5,1889.6],\"lines\":[{\"bbox\":[1311.2,1441.4,1557.8,1490.4],\"text\":\"Vendor rebates\"},{\"bbox\":[1388.4,1459.1,2279.6,1536.6],\"text\":\"The Company records vendor rebates, primarily con-\"},{\"bbox\":[1315.7,1508.7,2289.8,1589.9],\"text\":\"sisting of new store allowances, volume purchase rebates\"},{\"bbox\":[1317.9,1559.3,2277.3,1639.8],\"text\":\"and promotional allowances, when realized. The rebates\"},{\"bbox\":[1320.1,1611.3,2234.6,1689.8],\"text\":\"are recorded as a reduction to inventory purchases, at\"},{\"bbox\":[1322.4,1659.0,2285.6,1739.7],\"text\":\"cost, which has the effect of reducing cost of goods sold,\"},{\"bbox\":[1324.6,1708.5,2298.2,1789.7],\"text\":\"as prescribed by Emerging Issues Task Force (“EITF”) Issue\"},{\"bbox\":[1326.9,1757.3,2327.3,1839.6],\"text\":\"No. 02-16,“Accounting by a Customer (including a Reseller)\"},{\"bbox\":[1329.1,1813.6,2187.8,1889.6],\"text\":\"for Certain Consideration Received from a Vendor”.\"}],\"order\":5,\"text\":\"Vendor rebates\\nThe Company records vendor rebates, primarily con-\\nsisting of new store allowances, volume purchase rebates\\nand promotional allowances, when realized. The rebates\\nare recorded as a reduction to inventory purchases, at\\ncost, which has the effect of reducing cost of goods sold,\\nas prescribed by Emerging Issues Task Force (“EITF”) Issue\\nNo. 02-16,“Accounting by a Customer (including a Reseller)\\nfor Certain Consideration Received from a Vendor”.\"},{\"bbox\":[230.4,1657.2,1213.7,1838.5],\"lines\":[{\"bbox\":[230.4,1683.8,614.9,1739.0],\"text\":\"Store pre-opening costs\"},{\"bbox\":[307.6,1707.1,1211.4,1785.2],\"text\":\"Pre-opening costs related to new store openings and\"},{\"bbox\":[234.9,1762.2,1098.6,1838.5],\"text\":\"the construction periods are expensed as incurred.\"}],\"order\":6,\"text\":\"Store pre-opening costs\\nPre-opening costs related to new store openings and\\nthe construction periods are expensed as incurred.\"},{\"bbox\":[239.4,1859.1,1179.6,2138.2],\"lines\":[{\"bbox\":[239.4,1882.9,639.4,1938.8],\"text\":\"Property and equipment\"},{\"bbox\":[316.5,1909.1,1172.9,1985.0],\"text\":\"Property and equipment are recorded at cost. The\"},{\"bbox\":[243.8,1960.1,1150.5,2038.3],\"text\":\"Company provides for depreciation and amortization\"},{\"bbox\":[246.1,2011.1,1130.6,2088.2],\"text\":\"on a straight-line basis over the following estimated\"},{\"bbox\":[248.3,2091.8,445.8,2138.2],\"text\":\"useful lives:\"}],\"order\":7,\"text\":\"Property and equipment\\nProperty and equipment are recorded at cost. The\\nCompany provides for depreciation and amortization\\non a straight-line basis over the following estimated\\nuseful lives:\"},{\"bbox\":[252.8,2174.9,829.4,2338.0],\"lines\":[{\"bbox\":[252.8,2185.1,596.6,2238.1],\"text\":\"Land improvements\"},{\"bbox\":[255.0,2243.3,414.6,2288.0],\"text\":\"Buildings\"},{\"bbox\":[257.3,2274.8,829.4,2338.0],\"text\":\"Furniture, fixtures and equipment\"}],\"order\":8,\"text\":\"Land improvements\\nBuildings\\nFurniture, fixtures and equipment\"},{\"bbox\":[1333.6,1907.2,2374.5,2938.5],\"lines\":[{\"bbox\":[1333.6,1942.2,1549.6,1989.9],\"text\":\"Rent expense\"},{\"bbox\":[1410.7,1957.3,2331.8,2036.1],\"text\":\"Rent expense is recognized over the term of the lease.\"},{\"bbox\":[1338.0,2011.8,2231.2,2089.4],\"text\":\"The Company records minimum rental expense on a\"},{\"bbox\":[1340.3,2060.9,2253.0,2139.3],\"text\":\"straight-line basis over the base, non-cancelable lease\"},{\"bbox\":[1342.5,2109.6,2282.8,2189.3],\"text\":\"term commencing on the date that the Company takes\"},{\"bbox\":[1344.8,2160.5,2264.9,2239.2],\"text\":\"physical possession of the property from the landlord,\"},{\"bbox\":[1347.0,2206.9,2344.2,2289.2],\"text\":\"which normally includes a period prior to store opening to\"},{\"bbox\":[1349.2,2257.6,2331.7,2339.1],\"text\":\"make necessary leasehold improvements and install store\"},{\"bbox\":[1351.5,2310.4,2269.6,2389.1],\"text\":\"fixtures. When a lease contains a predetermined fixed\"},{\"bbox\":[1353.7,2357.8,2328.8,2439.0],\"text\":\"escalation of the minimum rent, the Company recognizes\"},{\"bbox\":[1355.9,2411.8,2241.4,2489.0],\"text\":\"the related rent expense on a straight-line basis and\"},{\"bbox\":[1358.2,2460.7,2266.2,2538.9],\"text\":\"records the difference between the recognized rental\"},{\"bbox\":[1360.4,2510.7,2267.7,2588.9],\"text\":\"expense and the amounts payable under the lease as\"},{\"bbox\":[1362.7,2564.1,2193.4,2638.8],\"text\":\"deferred rent. The Company also receives tenant\"},{\"bbox\":[1364.9,2607.6,2338.5,2688.8],\"text\":\"allowances, which are recorded in deferred incentive rent\"},{\"bbox\":[1367.1,2656.8,2356.7,2738.7],\"text\":\"and are amortized as a reduction to rent expense over the\"},{\"bbox\":[1369.4,2707.7,2338.2,2788.7],\"text\":\"term of the lease. Any difference between the calculated\"},{\"bbox\":[1371.6,2757.6,2341.0,2838.6],\"text\":\"expense and the amounts actually paid are reflected as a\"},{\"bbox\":[1373.8,2806.3,2372.3,2888.6],\"text\":\"liability in Accrued expenses and other in the consolidated\"},{\"bbox\":[1376.1,2858.7,2319.3,2938.5],\"text\":\"balance sheets and totaled approximately $25.0 million\"}],\"order\":9,\"text\":\"Rent expense\\nRent expense is recognized over the term of the lease.\\nThe Company records minimum rental expense on a\\nstraight-line basis over the base, non-cancelable lease\\nterm commencing on the date that the Company takes\\nphysical possession of the property from the landlord,\\nwhich normally includes a period prior to store opening to\\nmake necessary leasehold improvements and install store\\nfixtures. When a lease contains a predetermined fixed\\nescalation of the minimum rent, the Company recognizes\\nthe related rent expense on a straight-line basis and\\nrecords the difference between the recognized rental\\nexpense and the amounts payable under the lease as\\ndeferred rent. The Company also receives tenant\\nallowances, which are recorded in deferred incentive rent\\nand are amortized as a reduction to rent expense over the\\nterm of the lease. Any difference between the calculated\\nexpense and the amounts actually paid are reflected as a\\nliability in Accrued expenses and other in the consolidated\\nbalance sheets and totaled approximately $25.0 million\"},{\"bbox\":[1133.2,2156.7,1235.6,2298.5],\"lines\":[{\"bbox\":[1187.5,2156.7,1231.1,2196.2],\"text\":\"20\"},{\"bbox\":[1135.4,2206.7,1233.3,2248.6],\"text\":\"39-40\"},{\"bbox\":[1158.6,2256.6,1235.6,2297.6],\"text\":\"3-10\"}],\"order\":10,\"text\":\"20\\n39-40\\n3-10\"},{\"bbox\":[261.7,2356.8,1238.8,2537.8],\"lines\":[{\"bbox\":[336.7,2359.1,1181.4,2434.5],\"text\":\"Improvements of leased properties are amortized\"},{\"bbox\":[264.0,2406.7,1236.6,2487.8],\"text\":\"over the shorter of the life of the applicable lease term or\"},{\"bbox\":[266.2,2472.3,890.5,2537.8],\"text\":\"the estimated useful life of the asset.\"}],\"order\":11,\"text\":\"Improvements of leased properties are amortized\\nover the shorter of the life of the applicable lease term or\\nthe estimated useful life of the asset.\"},{\"bbox\":[270.7,2555.5,1282.3,2987.3],\"lines\":[{\"bbox\":[270.7,2577.1,784.3,2638.1],\"text\":\"Impairment of long-lived assets\"},{\"bbox\":[347.8,2610.7,1153.0,2684.3],\"text\":\"When indicators of impairment are present, the\"},{\"bbox\":[275.2,2655.4,1271.2,2737.6],\"text\":\"Company evaluates the carrying value of long-lived assets,\"},{\"bbox\":[277.4,2706.2,1255.2,2787.5],\"text\":\"other than goodwill, in relation to the operating perform-\"},{\"bbox\":[279.6,2756.4,1251.3,2837.5],\"text\":\"ance and future cash flows or the appraised values of the\"},{\"bbox\":[281.9,2805.4,1274.3,2887.4],\"text\":\"underlying assets. The Company may adjust the net book\"},{\"bbox\":[284.1,2855.9,1264.4,2937.4],\"text\":\"value of the underlying assets based upon such cash flow\"},{\"bbox\":[286.3,2905.3,1280.3,2987.3],\"text\":\"analysis compared to the book value and may also consid-\"}],\"order\":12,\"text\":\"Impairment of long-lived assets\\nWhen indicators of impairment are present, the\\nCompany evaluates the carrying value of long-lived assets,\\nother than goodwill, in relation to the operating perform-\\nance and future cash flows or the appraised values of the\\nunderlying assets. The Company may adjust the net book\\nvalue of the underlying assets based upon such cash flow\\nanalysis compared to the book value and may also consid-\"},{\"bbox\":[1322.0,3110.2,1360.3,3142.6],\"lines\":[{\"bbox\":[1322.0,3110.2,1360.3,3142.6],\"text\":\"40\"}],\"order\":13,\"text\":\"40\"}],\"doc\":\"fintabnet:DG_2005\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\ner appraised values. Assets to be disposed of are adjusted\\nto the fair value less the cost to sell if less than the book\\nvalue. The Company recorded impairment charges of\\napproximately $0.5 million and $0.6 million in 2004 and\\n2003, respectively, and $4.7 million prior to 2003 to reduce\\nthe carrying value of its Homerville, Georgia DC (which\\nwas sold in 2004). The Company also recorded impair-\\nment charges of approximately $0.6 million in 2005 and\\n$0.2 million in each of 2004 and 2003 to reduce the\\ncarrying value of certain of its stores’ assets as deemed\\nnecessary due to negative sales trends and cash flows\\nat these locations. These charges are included in\\nSG&A expense.\\n\\nFor the years ended February 3, 2006, January 28,\\n2005, and January 30, 2004, gross realized gains and losses\\non the sales of available-for-sale securities were not mate-\\nrial. The cost of securities sold is based upon the specific\\nidentification method.\\n\\nMerchandise inventories\\nInventories are stated at the lower of cost or market\\nwith cost determined using the retail last-in, first-out\\n(“LIFO”) method. The excess of current cost over LIFO cost\\nwas approximately $5.8 million at February 3, 2006 and\\n$6.3 million at January 28, 2005. Current cost is deter-\\nmined using the retail first-in, first-out method. LIFO\\nreserves decreased $0.5 million and $0.2 million in 2005\\nand 2004, respectively, and increased $0.7 million in 2003.\\nCosts directly associated with warehousing and distribu-\\ntion are capitalized into inventory.\\nIn 2005, the Company expanded the number of inven-\\ntory departments it utilizes for its gross profit calculation\\nfrom 10 to 23. The impact of this change in estimate on\\nthe Company’s consolidated 2005 results of operations\\nwas an estimated reduction of gross profit and a corre-\\nsponding decrease to inventory, at cost, of $5.2 million.\\n\\nOther assets\\nOther assets consist primarily of long-term invest-\\nments, debt issuance costs which are amortized over the\\nlife of the related obligations, utility and security deposits,\\nlife insurance policies and goodwill.\\n\\nVendor rebates\\nThe Company records vendor rebates, primarily con-\\nsisting of new store allowances, volume purchase rebates\\nand promotional allowances, when realized. The rebates\\nare recorded as a reduction to inventory purchases, at\\ncost, which has the effect of reducing cost of goods sold,\\nas prescribed by Emerging Issues Task Force (“EITF”) Issue\\nNo. 02-16,“Accounting by a Customer (including a Reseller)\\nfor Certain Consideration Received from a Vendor”.\\n\\nStore pre-opening costs\\nPre-opening costs related to new store openings and\\nthe construction periods are expensed as incurred.\\n\\nProperty and equipment\\nProperty and equipment are recorded at cost. The\\nCompany provides for depreciation and amortization\\non a straight-line basis over the following estimated\\nuseful lives:\\n\\nLand improvements\\nBuildings\\nFurniture, fixtures and equipment\\n\\nRent expense\\nRent expense is recognized over the term of the lease.\\nThe Company records minimum rental expense on a\\nstraight-line basis over the base, non-cancelable lease\\nterm commencing on the date that the Company takes\\nphysical possession of the property from the landlord,\\nwhich normally includes a period prior to store opening to\\nmake necessary leasehold improvements and install store\\nfixtures. When a lease contains a predetermined fixed\\nescalation of the minimum rent, the Company recognizes\\nthe related rent expense on a straight-line basis and\\nrecords the difference between the recognized rental\\nexpense and the amounts payable under the lease as\\ndeferred rent. The Company also receives tenant\\nallowances, which are recorded in deferred incentive rent\\nand are amortized as a reduction to rent expense over the\\nterm of the lease. Any difference between the calculated\\nexpense and the amounts actually paid are reflected as a\\nliability in Accrued expenses and other in the consolidated\\nbalance sheets and totaled approximately $25.0 million\\n\\n20\\n39-40\\n3-10\\n\\nImprovements of leased properties are amortized\\nover the shorter of the life of the applicable lease term or\\nthe estimated useful life of the asset.\\n\\nImpairment of long-lived assets\\nWhen indicators of impairment are present, the\\nCompany evaluates the carrying value of long-lived assets,\\nother than goodwill, in relation to the operating perform-\\nance and future cash flows or the appraised values of the\\nunderlying assets. The Company may adjust the net book\\nvalue of the underlying assets based upon such cash flow\\nanalysis compared to the book value and may also consid-\\n\\n40\",\"name\":\"fintabnet.DG_2005_page_44__300dpi_heavy\",\"page_id\":\"fintabnet.DG_2005_page_44\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.565,\"source\":\"fintabnet\",\"source_id\":\"DG_2005_page_44\",\"stack\":[{\"deg\":2.565,\"op\":\"skew\"},{\"amp\":0.27,\"angle\":282.6,\"blob\":0.672,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.606},{\"op\":\"noise\",\"sigma\":12.891},{\"op\":\"jpeg\",\"q\":31}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[252.6,2151.8,1235.7,2339.5],\"block_orders\":[8,10],\"cells\":null}],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\ner appraised values. Assets to be disposed of are adjusted\\nto the fair value less the cost to sell if less than the book\\nvalue. The Company recorded impairment charges of\\napproximately $0.5 million and $0.6 million in 2004 and\\n2003, respectively, and $4.7 million prior to 2003 to reduce\\nthe carrying value of its Homerville, Georgia DC (which\\nwas sold in 2004). The Company also recorded impair-\\nment charges of approximately $0.6 million in 2005 and\\n$0.2 million in each of 2004 and 2003 to reduce the\\ncarrying value of certain of its stores’ assets as deemed\\nnecessary due to negative sales trends and cash flows\\nat these locations. These charges are included in\\nSG&A expense.\\n\\nFor the years ended February 3, 2006, January 28,\\n2005, and January 30, 2004, gross realized gains and losses\\non the sales of available-for-sale securities were not mate-\\nrial. The cost of securities sold is based upon the specific\\nidentification method.\\n\\nMerchandise inventories\\nInventories are stated at the lower of cost or market\\nwith cost determined using the retail last-in, first-out\\n(“LIFO”) method. The excess of current cost over LIFO cost\\nwas approximately $5.8 million at February 3, 2006 and\\n$6.3 million at January 28, 2005. Current cost is deter-\\nmined using the retail first-in, first-out method. LIFO\\nreserves decreased $0.5 million and $0.2 million in 2005\\nand 2004, respectively, and increased $0.7 million in 2003.\\nCosts directly associated with warehousing and distribu-\\ntion are capitalized into inventory.\\nIn 2005, the Company expanded the number of inven-\\ntory departments it utilizes for its gross profit calculation\\nfrom 10 to 23. The impact of this change in estimate on\\nthe Company’s consolidated 2005 results of operations\\nwas an estimated reduction of gross profit and a corre-\\nsponding decrease to inventory, at cost, of $5.2 million.\\n\\nOther assets\\nOther assets consist primarily of long-term invest-\\nments, debt issuance costs which are amortized over the\\nlife of the related obligations, utility and security deposits,\\nlife insurance policies and goodwill.\\n\\nVendor rebates\\nThe Company records vendor rebates, primarily con-\\nsisting of new store allowances, volume purchase rebates\\nand promotional allowances, when realized. The rebates\\nare recorded as a reduction to inventory purchases, at\\ncost, which has the effect of reducing cost of goods sold,\\nas prescribed by Emerging Issues Task Force (“EITF”) Issue\\nNo. 02-16,“Accounting by a Customer (including a Reseller)\\nfor Certain Consideration Received from a Vendor”.\\n\\nStore pre-opening costs\\nPre-opening costs related to new store openings and\\nthe construction periods are expensed as incurred.\\n\\nProperty and equipment\\nProperty and equipment are recorded at cost. The\\nCompany provides for depreciation and amortization\\non a straight-line basis over the following estimated\\nuseful lives:\\n\\nLand improvements\\nBuildings\\nFurniture, fixtures and equipment\\n\\nRent expense\\nRent expense is recognized over the term of the lease.\\nThe Company records minimum rental expense on a\\nstraight-line basis over the base, non-cancelable lease\\nterm commencing on the date that the Company takes\\nphysical possession of the property from the landlord,\\nwhich normally includes a period prior to store opening to\\nmake necessary leasehold improvements and install store\\nfixtures. When a lease contains a predetermined fixed\\nescalation of the minimum rent, the Company recognizes\\nthe related rent expense on a straight-line basis and\\nrecords the difference between the recognized rental\\nexpense and the amounts payable under the lease as\\ndeferred rent. The Company also receives tenant\\nallowances, which are recorded in deferred incentive rent\\nand are amortized as a reduction to rent expense over the\\nterm of the lease. Any difference between the calculated\\nexpense and the amounts actually paid are reflected as a\\nliability in Accrued expenses and other in the consolidated\\nbalance sheets and totaled approximately $25.0 million\\n\\n20\\n39-40\\n3-10\\n\\nImprovements of leased properties are amortized\\nover the shorter of the life of the applicable lease term or\\nthe estimated useful life of the asset.\\n\\nImpairment of long-lived assets\\nWhen indicators of impairment are present, the\\nCompany evaluates the carrying value of long-lived assets,\\nother than goodwill, in relation to the operating perform-\\nance and future cash flows or the appraised values of the\\nunderlying assets. The Company may adjust the net book\\nvalue of the underlying assets based upon such cash flow\\nanalysis compared to the book value and may also consid-\\n\\n40\"},\"name\":\"fintabnet.DG_2005_page_44__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":656586,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:DG_2005\",\"dpi\":300,\"gt_sha256\":\"44717731159969da3e81aeeb8fda5d90e9dae6b03242f369dc59dc2eac733697\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DG_2005_page_44__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.DG_2005_page_44\",\"pdf_sha256\":\"5cd317315c24fd6d05b1e7eb8e8b11bc23b8c2210d86ff13a5e6e73b01ffaa2c\",\"px\":[2550,3300],\"scan\":{\"render\":\"ff8f7e037efd7cfc7efc7e007e007e4c387c3e00207c387c007c3f7e00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"DG_2005_page_44\",\"src\":{\"file_sha256\":\"38c7701f7522c66d1886502640b9ba1c3c7a178c5ab1a0a5b938f1deb931c37d\",\"render\":\"000000003efc30fc7efc7e403ef43efc30fc3e7060fc3cfc3cfc7ffc00000000\",\"text\":\"6442102bf9567f9fc4436a3a724ca5dcf86bacd788fbd825e5bd61f1eb477788\"},\"stack\":[{\"deg\":2.565,\"op\":\"skew\"},{\"amp\":0.27,\"angle\":282.6,\"blob\":0.672,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.606},{\"op\":\"noise\",\"sigma\":12.891},{\"op\":\"jpeg\",\"q\":31}],\"tools\":\"21647cade0ee\"},\"sha256\":\"5cd317315c24fd6d05b1e7eb8e8b11bc23b8c2210d86ff13a5e6e73b01ffaa2c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/5cd317315c24fd6d05b1e7eb8e8b11bc23b8c2210d86ff13a5e6e73b01ffaa2c.pdf","asset_sha256":"5cd317315c24fd6d05b1e7eb8e8b11bc23b8c2210d86ff13a5e6e73b01ffaa2c","document_id":"fintabnet:DG_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DG_2005_page_44\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHI_2011_page_48\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DHI_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[267.3,314.1,1046.6,363.6],\"lines\":[{\"bbox\":[267.3,314.1,1046.6,363.6],\"text\":\"Results of Operations — Financial Services\"}],\"order\":0,\"text\":\"Results of Operations — Financial Services\"},{\"bbox\":[310.4,385.3,1914.6,447.2],\"lines\":[{\"bbox\":[310.4,385.3,1914.6,447.2],\"text\":\"Fiscal Year Ended September 30, 2011 Compared to Fiscal Year Ended September 30, 2010\"}],\"order\":1,\"text\":\"Fiscal Year Ended September 30, 2011 Compared to Fiscal Year Ended September 30, 2010\"},{\"bbox\":[269.9,466.4,2130.5,632.6],\"lines\":[{\"bbox\":[353.3,467.5,2055.5,531.4],\"text\":\"The following tables set forth key operating and financial data for our financial services operations,\"},{\"bbox\":[270.6,516.5,2129.7,582.8],\"text\":\"comprising DHI Mortgage and our subsidiary title companies, for the fiscal years ended September 30, 2011\"},{\"bbox\":[271.4,591.9,440.6,632.6],\"text\":\"and 2010:\"}],\"order\":2,\"text\":\"The following tables set forth key operating and financial data for our financial services operations,\\ncomprising DHI Mortgage and our subsidiary title companies, for the fiscal years ended September 30, 2011\\nand 2010:\"},{\"bbox\":[1595.0,640.6,2090.4,724.0],\"lines\":[{\"bbox\":[1595.0,640.8,2076.4,678.2],\"text\":\"Fiscal Year Ended September 30,\"},{\"bbox\":[1606.5,692.7,1673.6,723.8],\"text\":\"2011\"},{\"bbox\":[1783.7,690.0,1850.8,721.2],\"text\":\"2010\"},{\"bbox\":[1936.7,686.4,2090.4,718.8],\"text\":\"% Change\"}],\"order\":3,\"text\":\"Fiscal Year Ended September 30,\\n2011\\n2010\\n% Change\"},{\"bbox\":[357.6,759.7,1549.1,1257.5],\"lines\":[{\"bbox\":[357.6,764.2,1248.4,815.8],\"text\":\"Number of first-lien loans originated or brokered by\"},{\"bbox\":[400.1,805.5,1543.1,861.0],\"text\":\"DHI Mortgage for D.R. Horton homebuyers . . . . . . . . . . . . . . . . .\"},{\"bbox\":[359.1,863.9,1544.0,920.0],\"text\":\"Number of homes closed by D.R. Horton . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[360.0,922.2,1544.9,978.3],\"text\":\"DHI Mortgage capture rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[360.9,986.0,1183.5,1036.7],\"text\":\"Number of total loans originated or brokered by\"},{\"bbox\":[403.4,1026.4,1546.5,1081.8],\"text\":\"DHI Mortgage for D.R. Horton homebuyers . . . . . . . . . . . . . . . . .\"},{\"bbox\":[362.5,1084.7,1547.4,1140.8],\"text\":\"Total number of loans originated or brokered by DHI Mortgage . . . .\"},{\"bbox\":[363.4,1143.1,1548.3,1199.2],\"text\":\"Captive business percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[364.2,1201.4,1549.1,1257.5],\"text\":\"Loans sold by DHI Mortgage to third parties . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Number of first-lien loans originated or brokered by\\nDHI Mortgage for D.R. Horton homebuyers . . . . . . . . . . . . . . . . .\\nNumber of homes closed by D.R. Horton . . . . . . . . . . . . . . . . . . . . .\\nDHI Mortgage capture rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNumber of total loans originated or brokered by\\nDHI Mortgage for D.R. Horton homebuyers . . . . . . . . . . . . . . . . .\\nTotal number of loans originated or brokered by DHI Mortgage . . . .\\nCaptive business percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLoans sold by DHI Mortgage to third parties . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1584.3,803.2,1701.3,959.8],\"lines\":[{\"bbox\":[1584.3,803.2,1699.5,843.1],\"text\":\"10,262\"},{\"bbox\":[1585.2,861.5,1700.4,901.4],\"text\":\"16,695\"},{\"bbox\":[1624.1,919.9,1701.1,959.2],\"text\":\"61%\"}],\"order\":5,\"text\":\"10,262\\n16,695\\n61%\"},{\"bbox\":[1761.2,800.5,1878.2,957.1],\"lines\":[{\"bbox\":[1761.2,800.5,1876.4,840.4],\"text\":\"12,679\"},{\"bbox\":[1762.1,858.8,1877.3,898.7],\"text\":\"20,875\"},{\"bbox\":[1801.3,917.2,1878.2,956.5],\"text\":\"61%\"}],\"order\":6,\"text\":\"12,679\\n20,875\\n61%\"},{\"bbox\":[1987.0,797.2,2092.6,895.3],\"lines\":[{\"bbox\":[1987.0,797.2,2091.7,837.0],\"text\":\"(19)%\"},{\"bbox\":[1987.9,855.6,2092.6,895.3],\"text\":\"(20)%\"}],\"order\":7,\"text\":\"(19)%\\n(20)%\"},{\"bbox\":[1587.7,1024.0,1705.5,1238.9],\"lines\":[{\"bbox\":[1587.7,1024.0,1702.8,1063.9],\"text\":\"10,343\"},{\"bbox\":[1588.6,1082.4,1703.7,1122.3],\"text\":\"12,118\"},{\"bbox\":[1627.5,1140.7,1704.4,1180.0],\"text\":\"85%\"},{\"bbox\":[1590.3,1199.0,1705.5,1238.9],\"text\":\"11,888\"}],\"order\":8,\"text\":\"10,343\\n12,118\\n85%\\n11,888\"},{\"bbox\":[1764.6,1021.3,1882.5,1236.3],\"lines\":[{\"bbox\":[1764.6,1021.3,1879.7,1061.2],\"text\":\"12,754\"},{\"bbox\":[1765.5,1079.7,1880.6,1119.6],\"text\":\"14,146\"},{\"bbox\":[1804.6,1138.0,1881.6,1177.3],\"text\":\"90%\"},{\"bbox\":[1767.2,1196.4,1882.4,1236.3],\"text\":\"14,001\"}],\"order\":9,\"text\":\"12,754\\n14,146\\n90%\\n14,001\"},{\"bbox\":[1990.4,1018.1,2096.0,1116.2],\"lines\":[{\"bbox\":[1990.4,1018.1,2095.1,1057.8],\"text\":\"(19)%\"},{\"bbox\":[1991.3,1076.4,2096.0,1116.2],\"text\":\"(14)%\"}],\"order\":10,\"text\":\"(19)%\\n(14)%\"},{\"bbox\":[1993.0,1193.1,2097.7,1232.8],\"lines\":[{\"bbox\":[1993.0,1193.1,2097.7,1232.8],\"text\":\"(15)%\"}],\"order\":11,\"text\":\"(15)%\"},{\"bbox\":[1556.5,1300.7,2101.0,1430.7],\"lines\":[{\"bbox\":[1577.1,1301.3,2058.5,1338.8],\"text\":\"Fiscal Year Ended September 30,\"},{\"bbox\":[1557.2,1353.7,1624.3,1384.9],\"text\":\"2011\"},{\"bbox\":[1762.2,1350.6,1829.4,1381.8],\"text\":\"2010\"},{\"bbox\":[1946.7,1346.5,2100.4,1379.0],\"text\":\"% Change\"},{\"bbox\":[1707.7,1395.6,1885.1,1428.4],\"text\":\"(In millions)\"}],\"order\":12,\"text\":\"Fiscal Year Ended September 30,\\n2011\\n2010\\n% Change\\n(In millions)\"},{\"bbox\":[368.1,1451.6,1661.9,1609.4],\"lines\":[{\"bbox\":[368.1,1451.8,1646.4,1509.3],\"text\":\"Loan origination fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 18.3\"},{\"bbox\":[368.8,1504.1,1497.9,1559.3],\"text\":\"Sale of servicing rights and gains from sale of mortgages. . . . . . .\"},{\"bbox\":[1573.6,1501.8,1647.1,1541.1],\"text\":\"53.2\"},{\"bbox\":[369.6,1554.2,1498.7,1609.4],\"text\":\"Recourse expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1560.7,1551.7,1661.9,1591.4],\"text\":\"(11.6)\"}],\"order\":13,\"text\":\"Loan origination fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 18.3\\nSale of servicing rights and gains from sale of mortgages. . . . . . .\\n53.2\\nRecourse expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(11.6)\"},{\"bbox\":[1743.2,1448.5,1866.7,1588.6],\"lines\":[{\"bbox\":[1743.2,1448.7,1851.4,1488.5],\"text\":\"$ 17.7\"},{\"bbox\":[1778.6,1498.7,1852.1,1538.0],\"text\":\"59.6\"},{\"bbox\":[1765.5,1548.6,1866.7,1588.3],\"text\":\"(13.7)\"}],\"order\":14,\"text\":\"$ 17.7\\n59.6\\n(13.7)\"},{\"bbox\":[1996.8,1444.9,2103.1,1584.8],\"lines\":[{\"bbox\":[2031.6,1444.9,2101.6,1484.1],\"text\":\"3%\"},{\"bbox\":[1997.6,1495.0,2102.3,1534.7],\"text\":\"(11)%\"},{\"bbox\":[1998.3,1545.0,2103.0,1584.8],\"text\":\"(15)%\"}],\"order\":15,\"text\":\"3%\\n(11)%\\n(15)%\"},{\"bbox\":[370.6,1620.8,1501.2,1775.9],\"lines\":[{\"bbox\":[412.4,1620.8,1499.7,1675.4],\"text\":\"Sale of servicing rights and gains from sale of mortgages, net . .\"},{\"bbox\":[371.3,1670.9,1500.5,1726.1],\"text\":\"Other revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[372.1,1720.7,1501.2,1775.9],\"text\":\"Reinsurance expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":16,\"text\":\"Sale of servicing rights and gains from sale of mortgages, net . .\\nOther revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nReinsurance expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1575.4,1618.3,1664.4,1757.7],\"lines\":[{\"bbox\":[1575.4,1618.5,1648.9,1657.8],\"text\":\"41.6\"},{\"bbox\":[1597.2,1668.6,1649.9,1707.5],\"text\":\"9.2\"},{\"bbox\":[1584.0,1718.2,1664.4,1757.6],\"text\":\"(1.8)\"}],\"order\":17,\"text\":\"41.6\\n9.2\\n(1.8)\"},{\"bbox\":[1780.4,1615.2,1869.4,1754.6],\"lines\":[{\"bbox\":[1780.4,1615.4,1853.9,1654.7],\"text\":\"45.9\"},{\"bbox\":[1802.0,1665.5,1854.6,1704.4],\"text\":\"6.8\"},{\"bbox\":[1789.0,1715.1,1869.4,1754.5],\"text\":\"(1.9)\"}],\"order\":18,\"text\":\"45.9\\n6.8\\n(1.9)\"},{\"bbox\":[2013.3,1611.6,2105.8,1751.1],\"lines\":[{\"bbox\":[2020.4,1611.6,2104.2,1651.1],\"text\":\"(9)%\"},{\"bbox\":[2014.1,1661.7,2104.9,1701.2],\"text\":\"35 %\"},{\"bbox\":[2021.9,1711.5,2105.8,1751.0],\"text\":\"(5)%\"}],\"order\":19,\"text\":\"(9)%\\n35 %\\n(5)%\"},{\"bbox\":[414.9,1787.5,1502.3,1842.1],\"lines\":[{\"bbox\":[414.9,1787.5,1502.3,1842.1],\"text\":\"Other revenues, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":20,\"text\":\"Other revenues, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1599.0,1785.3,1651.6,1824.2],\"lines\":[{\"bbox\":[1599.0,1785.3,1651.6,1824.2],\"text\":\"7.4\"}],\"order\":21,\"text\":\"7.4\"},{\"bbox\":[1803.7,1782.2,1856.4,1821.1],\"lines\":[{\"bbox\":[1803.7,1782.2,1856.4,1821.1],\"text\":\"4.9\"}],\"order\":22,\"text\":\"4.9\"},{\"bbox\":[2015.8,1778.4,2106.6,1817.9],\"lines\":[{\"bbox\":[2015.8,1778.4,2106.6,1817.9],\"text\":\"51 %\"}],\"order\":23,\"text\":\"51 %\"},{\"bbox\":[374.1,1854.1,1504.0,1959.5],\"lines\":[{\"bbox\":[374.1,1854.1,1503.3,1909.4],\"text\":\"Total mortgage operations revenues . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[374.9,1904.2,1504.0,1959.5],\"text\":\"Title policy premiums, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":24,\"text\":\"Total mortgage operations revenues . . . . . . . . . . . . . . . . . . . . . . .\\nTitle 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.\"}],\"order\":37,\"text\":\"Recourse and reinsurance expense . . . . . . . . . . . . . . . . . . . . .\\nGeneral and administrative expense . . . . . . . . . . . . . . . . . . . .\\nInterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest and other (income) . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1582.6,2626.0,1707.6,2866.0],\"lines\":[{\"bbox\":[1582.6,2626.0,1704.6,2666.0],\"text\":\"13.3 %\"},{\"bbox\":[1583.4,2676.1,1705.3,2716.1],\"text\":\"75.8 %\"},{\"bbox\":[1604.9,2725.9,1706.1,2765.6],\"text\":\"1.4 %\"},{\"bbox\":[1591.7,2776.0,1706.9,2815.9],\"text\":\"(9.5)%\"},{\"bbox\":[1585.6,2826.0,1707.6,2866.0],\"text\":\"19.0 %\"}],\"order\":38,\"text\":\"13.3 %\\n75.8 %\\n1.4 %\\n(9.5)%\\n19.0 %\"},{\"bbox\":[307.1,2929.8,1709.3,2985.4],\"lines\":[{\"bbox\":[307.1,2929.8,1709.3,2985.4],\"text\":\"(1) Excludes the effects of recourse and reinsurance charges on financial services revenues\"}],\"order\":39,\"text\":\"(1) Excludes the effects of recourse and reinsurance charges on financial services revenues\"},{\"bbox\":[1237.7,3033.3,1280.0,3072.1],\"lines\":[{\"bbox\":[1237.7,3033.3,1280.0,3072.1],\"text\":\"43\"}],\"order\":40,\"text\":\"43\"},{\"bbox\":[1957.5,2620.3,2082.7,2860.4],\"lines\":[{\"bbox\":[1957.5,2620.3,2079.7,2660.3],\"text\":\"14.7 %\"},{\"bbox\":[1958.2,2670.4,2080.4,2710.4],\"text\":\"72.8 %\"},{\"bbox\":[1980.0,2720.2,2081.2,2759.9],\"text\":\"1.8 %\"},{\"bbox\":[1966.8,2770.3,2081.9,2810.2],\"text\":\"(9.4)%\"},{\"bbox\":[1960.5,2820.4,2082.7,2860.4],\"text\":\"20.2 %\"}],\"order\":41,\"text\":\"14.7 %\\n72.8 %\\n1.8 %\\n(9.4)%\\n20.2 %\"}],\"doc\":\"fintabnet:DHI_2011\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Results of Operations — Financial Services\\n\\nFiscal Year Ended September 30, 2011 Compared to Fiscal Year Ended September 30, 2010\\n\\nThe following tables set forth key operating and financial data for our financial services operations,\\ncomprising DHI Mortgage and our subsidiary title companies, for the fiscal years ended September 30, 2011\\nand 2010:\\n\\nFiscal Year Ended September 30,\\n2011\\n2010\\n% Change\\n\\nNumber of first-lien loans originated or brokered by\\nDHI Mortgage for D.R. Horton homebuyers . . . . . . . . . . . . . . . . .\\nNumber of homes closed by D.R. Horton . . . . . . . . . . . . . . . . . . . . .\\nDHI Mortgage capture rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNumber of total loans originated or brokered by\\nDHI Mortgage for D.R. Horton homebuyers . . . . . . . . . . . . . . . . .\\nTotal number of loans originated or brokered by DHI Mortgage . . . .\\nCaptive business percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLoans sold by DHI Mortgage to third parties . . . . . . . . . . . . . . . . . .\\n\\n10,262\\n16,695\\n61%\\n\\n12,679\\n20,875\\n61%\\n\\n(19)%\\n(20)%\\n\\n10,343\\n12,118\\n85%\\n11,888\\n\\n12,754\\n14,146\\n90%\\n14,001\\n\\n(19)%\\n(14)%\\n\\n(15)%\\n\\nFiscal Year Ended September 30,\\n2011\\n2010\\n% Change\\n(In millions)\\n\\nLoan origination fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 18.3\\nSale of servicing rights and gains from sale of mortgages. . . . . . .\\n53.2\\nRecourse expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(11.6)\\n\\n$ 17.7\\n59.6\\n(13.7)\\n\\n3%\\n(11)%\\n(15)%\\n\\nSale of servicing rights and gains from sale of mortgages, net . .\\nOther revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nReinsurance expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n41.6\\n9.2\\n(1.8)\\n\\n45.9\\n6.8\\n(1.9)\\n\\n(9)%\\n35 %\\n(5)%\\n\\nOther revenues, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n7.4\\n\\n4.9\\n\\n51 %\\n\\nTotal mortgage operations revenues . . . . . . . . . . . . . . . . . . . . . . .\\nTitle policy premiums, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n67.3\\n19.9\\n\\n68.5\\n22.0\\n\\n(2)%\\n(10)%\\n\\nTotal revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGeneral and administrative expense . . . . . . . . . . . . . . . . . . . . . . .\\nInterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest and other (income) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n87.2\\n76.3\\n1.4\\n(9.6)\\n\\n90.5\\n77.2\\n1.9\\n(10.0)\\n\\n(4)%\\n(1)%\\n(26)%\\n(4)%\\n\\nIncome before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 19.1\\n\\n$ 21.4\\n\\n(11)%\\n\\nFinancial Services Operating Margin Analysis\\n\\nPercentages of\\nFinancial Services Revenues (1)\\nFiscal Year Ended September 30,\\n2011\\n2010\\n\\nRecourse and reinsurance expense . . . . . . . . . . . . . . . . . . . . .\\nGeneral and administrative expense . . . . . . . . . . . . . . . . . . . .\\nInterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest and other (income) . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n13.3 %\\n75.8 %\\n1.4 %\\n(9.5)%\\n19.0 %\\n\\n(1) Excludes the effects of recourse and reinsurance charges on financial services revenues\\n\\n43\\n\\n14.7 %\\n72.8 %\\n1.8 %\\n(9.4)%\\n20.2 %\",\"name\":\"fintabnet.DHI_2011_page_48__300dpi_mild\",\"page_id\":\"fintabnet.DHI_2011_page_48\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.867,\"source\":\"fintabnet\",\"source_id\":\"DHI_2011_page_48\",\"stack\":[{\"deg\":0.867,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.399},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[355.8,632.7,2098.1,1257.5],\"block_orders\":[3,4,5,6,7,8,9,10,11],\"cells\":null}],\"text\":\"Results of Operations — Financial Services\\n\\nFiscal Year Ended September 30, 2011 Compared to Fiscal Year Ended September 30, 2010\\n\\nThe following tables set forth key operating and financial data for our financial services operations,\\ncomprising DHI Mortgage and our subsidiary title companies, for the fiscal years ended September 30, 2011\\nand 2010:\\n\\nFiscal Year Ended September 30,\\n2011\\n2010\\n% Change\\n\\nNumber of first-lien loans originated or brokered by\\nDHI Mortgage for D.R. Horton homebuyers . . . . . . . . . . . . . . . . .\\nNumber of homes closed by D.R. Horton . . . . . . . . . . . . . . . . . . . . .\\nDHI Mortgage capture rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNumber of total loans originated or brokered by\\nDHI Mortgage for D.R. Horton homebuyers . . . . . . . . . . . . . . . . .\\nTotal number of loans originated or brokered by DHI Mortgage . . . .\\nCaptive business percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLoans sold by DHI Mortgage to third parties . . . . . . . . . . . . . . . . . .\\n\\n10,262\\n16,695\\n61%\\n\\n12,679\\n20,875\\n61%\\n\\n(19)%\\n(20)%\\n\\n10,343\\n12,118\\n85%\\n11,888\\n\\n12,754\\n14,146\\n90%\\n14,001\\n\\n(19)%\\n(14)%\\n\\n(15)%\\n\\nFiscal Year Ended September 30,\\n2011\\n2010\\n% Change\\n(In millions)\\n\\nLoan origination fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 18.3\\nSale of servicing rights and gains from sale of mortgages. . . . . . .\\n53.2\\nRecourse expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(11.6)\\n\\n$ 17.7\\n59.6\\n(13.7)\\n\\n3%\\n(11)%\\n(15)%\\n\\nSale of servicing rights and gains from sale of mortgages, net . .\\nOther revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nReinsurance expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n41.6\\n9.2\\n(1.8)\\n\\n45.9\\n6.8\\n(1.9)\\n\\n(9)%\\n35 %\\n(5)%\\n\\nOther revenues, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n7.4\\n\\n4.9\\n\\n51 %\\n\\nTotal mortgage operations revenues . . . . . . . . . . . . . . . . . . . . . . .\\nTitle policy premiums, net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n67.3\\n19.9\\n\\n68.5\\n22.0\\n\\n(2)%\\n(10)%\\n\\nTotal revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGeneral and administrative expense . . . . . . . . . . . . . . . . . . . . . . .\\nInterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest and other (income) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n87.2\\n76.3\\n1.4\\n(9.6)\\n\\n90.5\\n77.2\\n1.9\\n(10.0)\\n\\n(4)%\\n(1)%\\n(26)%\\n(4)%\\n\\nIncome before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 19.1\\n\\n$ 21.4\\n\\n(11)%\\n\\nFinancial Services Operating Margin Analysis\\n\\nPercentages of\\nFinancial Services Revenues (1)\\nFiscal Year Ended September 30,\\n2011\\n2010\\n\\nRecourse and reinsurance expense . . . . . . . . . . . . . . . . . . . . .\\nGeneral and administrative expense . . . . . . . . . . . . . . . . . . . .\\nInterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest and other (income) . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n13.3 %\\n75.8 %\\n1.4 %\\n(9.5)%\\n19.0 %\\n\\n(1) Excludes the effects of recourse and reinsurance charges on financial services revenues\\n\\n43\\n\\n14.7 %\\n72.8 %\\n1.8 %\\n(9.4)%\\n20.2 %\"},\"name\":\"fintabnet.DHI_2011_page_48__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":792024,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:DHI_2011\",\"dpi\":300,\"gt_sha256\":\"aa592e70ce8354ecc4c61997192ed0abdb48acbb6c26ba5f61aa534bfbdfdc0e\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DHI_2011_page_48__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.DHI_2011_page_48\",\"pdf_sha256\":\"530e2295557b03bfe048cda566ac7433a8a1b1512089c621b176b4de7d25334c\",\"px\":[2550,3300],\"scan\":{\"render\":\"00003e003ff80c383e303fb800383fb838383c3c383c07f000783c2820000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"DHI_2011_page_48\",\"src\":{\"file_sha256\":\"097db284fb34bb30458ee267e692f2f2b6d7e5fe889f1a1b032db11754f7906f\",\"render\":\"00003e003ff81e3c3e303fb800783ff838383c38387c07c000783c2820000000\",\"text\":\"0fdc96f7b2d7504c9c9442378967aa06e3aa533f2b831095012f8b12c096676b\"},\"stack\":[{\"deg\":0.867,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.399},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"530e2295557b03bfe048cda566ac7433a8a1b1512089c621b176b4de7d25334c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/530e2295557b03bfe048cda566ac7433a8a1b1512089c621b176b4de7d25334c.pdf","asset_sha256":"530e2295557b03bfe048cda566ac7433a8a1b1512089c621b176b4de7d25334c","document_id":"fintabnet:DHI_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHI_2011_page_48\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2007_page_100\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DHR_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[96.6,110.6,399.4,384.3],\"lines\":[{\"bbox\":[96.6,110.6,394.9,131.3],\"text\":\"In connection with the acquisition of Tektronix in November\"},{\"bbox\":[96.9,130.1,395.2,150.8],\"text\":\"2007, the Company acquired approximately $589 million of\"},{\"bbox\":[97.2,149.5,395.6,170.3],\"text\":\"assets associated with Tektronix’ existing U.S. pension plans\"},{\"bbox\":[97.6,169.0,396.0,189.7],\"text\":\"and merged those assets with the assets included in the\"},{\"bbox\":[97.9,188.4,396.3,209.2],\"text\":\"Company’s U.S. pension plan. Included in the plan assets of the\"},{\"bbox\":[98.3,207.9,396.7,228.6],\"text\":\"Tektronix plan are investments in real estate, absolute return\"},{\"bbox\":[98.6,227.3,396.9,248.1],\"text\":\"funds and private equity with a value of $43 million as of the\"},{\"bbox\":[98.9,246.8,397.4,267.5],\"text\":\"date of acquisition – November 17, 2007, whose fair values\"},{\"bbox\":[99.3,266.3,397.7,287.0],\"text\":\"have been estimated by management based upon information\"},{\"bbox\":[99.6,285.7,398.0,306.4],\"text\":\"supplied to the Company by the fund managers or the general\"},{\"bbox\":[100.0,305.2,398.3,325.9],\"text\":\"partners, in the absence of readily determinable market values\"},{\"bbox\":[100.3,324.6,398.7,345.3],\"text\":\"that are available on publicly traded securities. The value of the\"},{\"bbox\":[100.7,344.1,399.0,364.8],\"text\":\"plan assets directly affects the funded status of the Company’s\"},{\"bbox\":[101.0,364.2,362.2,384.3],\"text\":\"U.S. pension plan recorded in the financial statements.\"}],\"order\":0,\"text\":\"In connection with the acquisition of Tektronix in November\\n2007, the Company acquired approximately $589 million of\\nassets associated with Tektronix’ existing U.S. pension plans\\nand merged those assets with the assets included in the\\nCompany’s U.S. pension plan. Included in the plan assets of the\\nTektronix plan are investments in real estate, absolute return\\nfunds and private equity with a value of $43 million as of the\\ndate of acquisition – November 17, 2007, whose fair values\\nhave been estimated by management based upon information\\nsupplied to the Company by the fund managers or the general\\npartners, in the absence of readily determinable market values\\nthat are available on publicly traded securities. The value of the\\nplan assets directly affects the funded status of the Company’s\\nU.S. pension plan recorded in the financial statements.\"},{\"bbox\":[101.8,413.1,229.4,433.3],\"lines\":[{\"bbox\":[101.8,413.1,229.4,433.3],\"text\":\"Expected Contributions\"}],\"order\":1,\"text\":\"Expected Contributions\"},{\"bbox\":[102.4,441.3,402.8,578.7],\"lines\":[{\"bbox\":[102.4,441.3,400.7,462.0],\"text\":\"The Company was not statutorily required to make contributions\"},{\"bbox\":[102.7,460.7,401.0,481.5],\"text\":\"to the U.S. plan for 2006 or 2007. The Company contributed $26\"},{\"bbox\":[103.0,480.2,401.4,500.9],\"text\":\"million to the non-U.S. plans during 2007. The Company is not\"},{\"bbox\":[103.4,499.6,401.8,520.4],\"text\":\"required to and has no plans to make contributions to the U.S.\"},{\"bbox\":[103.7,519.1,402.1,539.8],\"text\":\"plan in 2008. The Company expects to contribute approximately\"},{\"bbox\":[104.1,538.5,402.5,559.3],\"text\":\"$29 million in employer contributions and unfunded benefit\"},{\"bbox\":[104.4,559.9,295.2,578.7],\"text\":\"payments to the non-U.S. plans in 2008.\"}],\"order\":2,\"text\":\"The Company was not statutorily required to make contributions\\nto the U.S. plan for 2006 or 2007. The Company contributed $26\\nmillion to the non-U.S. plans during 2007. The Company is not\\nrequired to and has no plans to make contributions to the U.S.\\nplan in 2008. The Company expects to contribute approximately\\n$29 million in employer contributions and unfunded benefit\\npayments to the non-U.S. plans in 2008.\"},{\"bbox\":[28.8,588.6,41.5,605.7],\"lines\":[{\"bbox\":[28.8,588.6,41.5,605.7],\"text\":\"82\"}],\"order\":3,\"text\":\"82\"},{\"bbox\":[419.7,108.4,498.1,127.8],\"lines\":[{\"bbox\":[419.7,108.4,498.1,127.8],\"text\":\"Other Matters\"}],\"order\":4,\"text\":\"Other Matters\"},{\"bbox\":[420.2,135.7,719.3,195.4],\"lines\":[{\"bbox\":[420.2,135.7,718.6,156.5],\"text\":\"Substantially all employees not covered by defined benefit\"},{\"bbox\":[420.6,155.2,718.9,175.9],\"text\":\"plans are covered by defined contribution plans, which generally\"},{\"bbox\":[420.9,175.1,691.6,195.4],\"text\":\"provide funding based on a percentage of compensation.\"}],\"order\":5,\"text\":\"Substantially all employees not covered by defined benefit\\nplans are covered by defined contribution plans, which generally\\nprovide funding based on a percentage of compensation.\"},{\"bbox\":[421.6,213.5,720.7,273.2],\"lines\":[{\"bbox\":[421.6,213.5,719.9,234.3],\"text\":\"Pension expense for all plans amounted to $105 million, $88\"},{\"bbox\":[421.9,233.0,720.3,253.7],\"text\":\"million and, $66 million for the years ended December 31,\"},{\"bbox\":[422.3,254.8,587.5,273.2],\"text\":\"2007, 2006 and 2005, respectively.\"}],\"order\":6,\"text\":\"Pension expense for all plans amounted to $105 million, $88\\nmillion and, $66 million for the years ended December 31,\\n2007, 2006 and 2005, respectively.\"},{\"bbox\":[423.1,297.8,720.7,322.6],\"lines\":[{\"bbox\":[423.1,297.8,720.7,322.6],\"text\":\"(10) Other Post Retirement Employee Benefit Plans:\"}],\"order\":7,\"text\":\"(10) Other Post Retirement Employee Benefit Plans:\"},{\"bbox\":[423.6,330.2,724.4,487.2],\"lines\":[{\"bbox\":[423.6,330.2,722.0,351.0],\"text\":\"In addition to providing pension benefits, the Company provides\"},{\"bbox\":[424.0,349.7,722.4,370.4],\"text\":\"certain health care and life insurance benefits for some of its\"},{\"bbox\":[424.3,369.2,722.7,389.9],\"text\":\"retired employees in the United States. Certain employees\"},{\"bbox\":[424.7,388.6,723.1,409.3],\"text\":\"may become eligible for these benefits as they reach normal\"},{\"bbox\":[425.0,408.1,723.4,428.8],\"text\":\"retirement age while working for the Company. The following\"},{\"bbox\":[425.3,427.5,723.6,448.2],\"text\":\"sets forth the funded status of the domestic plans as of the\"},{\"bbox\":[425.7,447.0,724.1,467.7],\"text\":\"most recent actuarial valuations using a measurement date of\"},{\"bbox\":[426.0,469.3,562.6,487.2],\"text\":\"September 30 ($ in millions):\"}],\"order\":8,\"text\":\"In addition to providing pension benefits, the Company provides\\ncertain health care and life insurance benefits for some of its\\nretired employees in the United States. Certain employees\\nmay become eligible for these benefits as they reach normal\\nretirement age while working for the Company. The following\\nsets forth the funded status of the domestic plans as of the\\nmost recent actuarial valuations using a measurement date of\\nSeptember 30 ($ in millions):\"},{\"bbox\":[629.2,508.0,714.6,542.5],\"lines\":[{\"bbox\":[631.5,508.0,712.0,525.8],\"text\":\"Post Retirement\"},{\"bbox\":[629.5,524.7,714.6,542.5],\"text\":\"Medical Benefits\"}],\"order\":9,\"text\":\"Post Retirement\\nMedical Benefits\"},{\"bbox\":[627.6,547.7,652.6,564.5],\"lines\":[{\"bbox\":[627.6,547.7,652.6,564.5],\"text\":\"2007\"}],\"order\":10,\"text\":\"2007\"},{\"bbox\":[694.6,546.5,719.6,563.3],\"lines\":[{\"bbox\":[694.6,546.5,719.6,563.3],\"text\":\"2006\"}],\"order\":11,\"text\":\"2006\"},{\"bbox\":[628.4,611.3,653.7,626.4],\"lines\":[{\"bbox\":[628.4,611.3,653.7,626.4],\"text\":\"112.3\"}],\"order\":12,\"text\":\"112.3\"},{\"bbox\":[678.8,610.1,720.7,625.5],\"lines\":[{\"bbox\":[678.8,610.1,720.7,625.5],\"text\":\"$ 105.5\"}],\"order\":13,\"text\":\"$ 105.5\"},{\"bbox\":[435.2,635.0,490.3,650.7],\"lines\":[{\"bbox\":[435.2,635.0,490.3,650.7],\"text\":\"Service cost\"}],\"order\":14,\"text\":\"Service cost\"},{\"bbox\":[639.9,632.1,654.0,647.1],\"lines\":[{\"bbox\":[639.9,632.1,654.0,647.1],\"text\":\"1.2\"}],\"order\":15,\"text\":\"1.2\"},{\"bbox\":[706.9,631.0,721.1,645.9],\"lines\":[{\"bbox\":[706.9,631.0,721.1,645.9],\"text\":\"0.9\"}],\"order\":16,\"text\":\"0.9\"},{\"bbox\":[435.5,655.8,492.0,671.5],\"lines\":[{\"bbox\":[435.5,655.8,492.0,671.5],\"text\":\"Interest cost\"}],\"order\":17,\"text\":\"Interest cost\"},{\"bbox\":[640.3,653.0,654.4,667.9],\"lines\":[{\"bbox\":[640.3,653.0,654.4,667.9],\"text\":\"6.5\"}],\"order\":18,\"text\":\"6.5\"},{\"bbox\":[707.3,651.8,721.4,666.7],\"lines\":[{\"bbox\":[707.3,651.8,721.4,666.7],\"text\":\"5.8\"}],\"order\":19,\"text\":\"5.8\"},{\"bbox\":[435.9,675.8,541.7,692.4],\"lines\":[{\"bbox\":[435.9,675.8,541.7,692.4],\"text\":\"Amendments and other\"}],\"order\":20,\"text\":\"Amendments 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assets\"},{\"bbox\":[115.4,831.0,166.3,846.5],\"lines\":[{\"bbox\":[115.4,831.0,166.3,846.5],\"text\":\"2013–2017\"}],\"order\":76,\"text\":\"2013–2017\"},{\"bbox\":[230.2,829.4,255.5,844.5],\"lines\":[{\"bbox\":[230.2,829.4,255.5,844.5],\"text\":\"467.5\"}],\"order\":77,\"text\":\"467.5\"},{\"bbox\":[308.4,828.0,333.6,843.2],\"lines\":[{\"bbox\":[308.4,828.0,333.6,843.2],\"text\":\"180.6\"}],\"order\":78,\"text\":\"180.6\"},{\"bbox\":[376.0,826.8,401.2,842.0],\"lines\":[{\"bbox\":[376.0,826.8,401.2,842.0],\"text\":\"648.1\"}],\"order\":79,\"text\":\"648.1\"},{\"bbox\":[438.6,828.1,567.5,860.3],\"lines\":[{\"bbox\":[438.6,828.2,560.3,845.0],\"text\":\"Fair value of plan assets at\"},{\"bbox\":[450.0,843.3,567.5,860.1],\"text\":\"beginning and end of year\"}],\"order\":80,\"text\":\"Fair value of plan assets at\\nbeginning and end of year\"},{\"bbox\":[439.3,868.1,502.7,883.9],\"lines\":[{\"bbox\":[439.3,868.1,502.7,883.9],\"text\":\"Funded status\"}],\"order\":81,\"text\":\"Funded status\"}],\"doc\":\"fintabnet:DHR_2007\",\"dpi\":100,\"image_px\":[838,1088],\"layout\":[],\"markdown\":\"In connection with the acquisition of Tektronix in November\\n2007, the Company acquired approximately $589 million of\\nassets associated with Tektronix’ existing U.S. pension plans\\nand merged those assets with the assets included in the\\nCompany’s U.S. pension plan. Included in the plan assets of the\\nTektronix plan are investments in real estate, absolute return\\nfunds and private equity with a value of $43 million as of the\\ndate of acquisition – November 17, 2007, whose fair values\\nhave been estimated by management based upon information\\nsupplied to the Company by the fund managers or the general\\npartners, in the absence of readily determinable market values\\nthat are available on publicly traded securities. The value of the\\nplan assets directly affects the funded status of the Company’s\\nU.S. pension plan recorded in the financial statements.\\n\\nExpected Contributions\\n\\nThe Company was not statutorily required to make contributions\\nto the U.S. plan for 2006 or 2007. The Company contributed $26\\nmillion to the non-U.S. plans during 2007. The Company is not\\nrequired to and has no plans to make contributions to the U.S.\\nplan in 2008. The Company expects to contribute approximately\\n$29 million in employer contributions and unfunded benefit\\npayments to the non-U.S. plans in 2008.\\n\\n82\\n\\nOther Matters\\n\\nSubstantially all employees not covered by defined benefit\\nplans are covered by defined contribution plans, which generally\\nprovide funding based on a percentage of compensation.\\n\\nPension expense for all plans amounted to $105 million, $88\\nmillion and, $66 million for the years ended December 31,\\n2007, 2006 and 2005, respectively.\\n\\n(10) Other Post Retirement Employee Benefit Plans:\\n\\nIn addition to providing pension benefits, the Company provides\\ncertain health care and life insurance benefits for some of its\\nretired employees in the United States. Certain employees\\nmay become eligible for these benefits as they reach normal\\nretirement age while working for the Company. The following\\nsets forth the funded status of the domestic plans as of the\\nmost recent actuarial valuations using a measurement date of\\nSeptember 30 ($ in millions):\\n\\nPost Retirement\\nMedical Benefits\\n\\n2007\\n\\n2006\\n\\n112.3\\n\\n$ 105.5\\n\\nService cost\\n\\n1.2\\n\\n0.9\\n\\nInterest cost\\n\\n6.5\\n\\n5.8\\n\\nAmendments and other\\n\\n(0.3)\\n\\n(3.3)\\n\\nActuarial loss (gain)\\n\\n1.1\\n\\n(7.0)\\n\\nAcquisition\\n\\n20.8\\n\\n19.2\\n\\n1.9\\n\\n2.5\\n\\nChange in benefit obligation\\n\\nThe following table sets forth benefit payments, which reflect\\nexpected future service, as appropriate, expected to be paid by\\nthe plans in the periods indicated.\\n\\n($ in millions)\\n\\nU.S. Pension\\nNon-U.S.\\nPlans Pension Plans\\n\\nAll Pension\\nPlans\\n\\nBenefit obligation at beginning\\nof year\\n\\n$\\n\\n2008\\n\\n$ 82.0\\n\\n$ 29.2\\n\\n$ 111.2\\n\\n2009\\n\\n84.8\\n\\n31.0\\n\\n115.8\\n\\nRetiree contributions\\n\\n2010\\n\\n85.4\\n\\n32.2\\n\\n117.6\\n\\nBenefits paid\\n\\n(12.3)\\n\\n(11.3)\\n\\n2011\\n\\n86.8\\n\\n33.1\\n\\n119.9\\n\\nBenefit obligation at end of year\\n\\n131.2\\n\\n112.3\\n\\n--\\n\\n--\\n\\n(131.2)\\n\\n(112.3)\\n\\nAccrued contribution\\n\\n2.9\\n\\n2.3\\n\\nAccrued benefit cost\\n\\n$ (128.3)\\n\\n$ (110.0)\\n\\n2012\\n\\n89.0\\n\\n35.2\\n\\n124.2\\n\\nChange in plan assets\\n\\n2013–2017\\n\\n467.5\\n\\n180.6\\n\\n648.1\\n\\nFair value of plan assets at\\nbeginning and end of year\\n\\nFunded status\",\"name\":\"fintabnet.DHR_2007_page_100__100dpi_medium\",\"page_id\":\"fintabnet.DHR_2007_page_100\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.006,\"source\":\"fintabnet\",\"source_id\":\"DHR_2007_page_100\",\"stack\":[{\"deg\":1.006,\"op\":\"skew\"},{\"amp\":0.142,\"angle\":268.0,\"blob\":0.781,\"op\":\"illumination\"},{\"gain\":0.67,\"op\":\"contrast\"},{\"bias\":0.085,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":37}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[112.8,681.6,401.2,846.5],\"block_orders\":[33,34,35,38,39,40,41,42,43,44,45,47,48,49,50,54,55,56,57,71,72,73,74,76,77,78,79],\"cells\":null}],\"text\":\"In connection with the acquisition of Tektronix in November\\n2007, the Company acquired approximately $589 million of\\nassets associated with Tektronix’ existing U.S. pension plans\\nand merged those assets with the assets included in the\\nCompany’s U.S. pension plan. Included in the plan assets of the\\nTektronix plan are investments in real estate, absolute return\\nfunds and private equity with a value of $43 million as of the\\ndate of acquisition – November 17, 2007, whose fair values\\nhave been estimated by management based upon information\\nsupplied to the Company by the fund managers or the general\\npartners, in the absence of readily determinable market values\\nthat are available on publicly traded securities. The value of the\\nplan assets directly affects the funded status of the Company’s\\nU.S. pension plan recorded in the financial statements.\\n\\nExpected Contributions\\n\\nThe Company was not statutorily required to make contributions\\nto the U.S. plan for 2006 or 2007. The Company contributed $26\\nmillion to the non-U.S. plans during 2007. The Company is not\\nrequired to and has no plans to make contributions to the U.S.\\nplan in 2008. The Company expects to contribute approximately\\n$29 million in employer contributions and unfunded benefit\\npayments to the non-U.S. plans in 2008.\\n\\n82\\n\\nOther Matters\\n\\nSubstantially all employees not covered by defined benefit\\nplans are covered by defined contribution plans, which generally\\nprovide funding based on a percentage of compensation.\\n\\nPension expense for all plans amounted to $105 million, $88\\nmillion and, $66 million for the years ended December 31,\\n2007, 2006 and 2005, respectively.\\n\\n(10) Other Post Retirement Employee Benefit Plans:\\n\\nIn addition to providing pension benefits, the Company provides\\ncertain health care and life insurance benefits for some of its\\nretired employees in the United States. Certain employees\\nmay become eligible for these benefits as they reach normal\\nretirement age while working for the Company. The following\\nsets forth the funded status of the domestic plans as of the\\nmost recent actuarial valuations using a measurement date of\\nSeptember 30 ($ in millions):\\n\\nPost Retirement\\nMedical Benefits\\n\\n2007\\n\\n2006\\n\\n112.3\\n\\n$ 105.5\\n\\nService cost\\n\\n1.2\\n\\n0.9\\n\\nInterest cost\\n\\n6.5\\n\\n5.8\\n\\nAmendments and other\\n\\n(0.3)\\n\\n(3.3)\\n\\nActuarial loss (gain)\\n\\n1.1\\n\\n(7.0)\\n\\nAcquisition\\n\\n20.8\\n\\n19.2\\n\\n1.9\\n\\n2.5\\n\\nChange in benefit obligation\\n\\nThe following table sets forth benefit payments, which reflect\\nexpected future service, as appropriate, expected to be paid by\\nthe plans in the periods indicated.\\n\\n($ in millions)\\n\\nU.S. Pension\\nNon-U.S.\\nPlans Pension Plans\\n\\nAll Pension\\nPlans\\n\\nBenefit obligation at beginning\\nof year\\n\\n$\\n\\n2008\\n\\n$ 82.0\\n\\n$ 29.2\\n\\n$ 111.2\\n\\n2009\\n\\n84.8\\n\\n31.0\\n\\n115.8\\n\\nRetiree contributions\\n\\n2010\\n\\n85.4\\n\\n32.2\\n\\n117.6\\n\\nBenefits paid\\n\\n(12.3)\\n\\n(11.3)\\n\\n2011\\n\\n86.8\\n\\n33.1\\n\\n119.9\\n\\nBenefit obligation at end of year\\n\\n131.2\\n\\n112.3\\n\\n--\\n\\n--\\n\\n(131.2)\\n\\n(112.3)\\n\\nAccrued contribution\\n\\n2.9\\n\\n2.3\\n\\nAccrued benefit cost\\n\\n$ (128.3)\\n\\n$ (110.0)\\n\\n2012\\n\\n89.0\\n\\n35.2\\n\\n124.2\\n\\nChange in plan assets\\n\\n2013–2017\\n\\n467.5\\n\\n180.6\\n\\n648.1\\n\\nFair value of plan assets at\\nbeginning and end of year\\n\\nFunded status\"},\"name\":\"fintabnet.DHR_2007_page_100__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":19690,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:DHR_2007\",\"dpi\":100,\"gt_sha256\":\"8e6c4f51ad9cebf107bd85c395146626c28f60c79b7905b7c2baff3f59e7eaee\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DHR_2007_page_100__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.DHR_2007_page_100\",\"pdf_sha256\":\"1133486c185374582833dc42be2a612a14645a0ad8e3d291c2ad6110dbe4b40f\",\"px\":[838,1088],\"scan\":{\"render\":\"000000003ffc3ffc3f3c3efc3ffc3f8cffe43e843fc429fc20e400cc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"DHR_2007_page_100\",\"src\":{\"file_sha256\":\"24fa9fc5acad7fba0332c1cd22749e14a43fcd8216e77a96b473d57d015d7e4e\",\"render\":\"000000003ffc3ffc3ffc3efc3efc3f0cfee43c843fc429ec00e000cc00000000\",\"text\":\"034bbf544193424b7b898213b4d75616e87997a97fb3f120c2f9f9526c129320\"},\"stack\":[{\"deg\":1.006,\"op\":\"skew\"},{\"amp\":0.142,\"angle\":268.0,\"blob\":0.781,\"op\":\"illumination\"},{\"gain\":0.67,\"op\":\"contrast\"},{\"bias\":0.085,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":37}],\"tools\":\"21647cade0ee\"},\"sha256\":\"1133486c185374582833dc42be2a612a14645a0ad8e3d291c2ad6110dbe4b40f\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/1133486c185374582833dc42be2a612a14645a0ad8e3d291c2ad6110dbe4b40f.pdf","asset_sha256":"1133486c185374582833dc42be2a612a14645a0ad8e3d291c2ad6110dbe4b40f","document_id":"fintabnet:DHR_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2007_page_100\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2008_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DHR_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[79.0,161.5,1572.0,401.9],\"lines\":[{\"bbox\":[79.0,161.5,1557.2,186.6],\"text\":\"In January 2006, the Company commenced an all cash tender offer for all of the outstanding ordinary shares of First Technology plc,\"},{\"bbox\":[79.0,192.9,1517.6,217.9],\"text\":\"a U.K. - based public company. In connection with the offer, the Company acquired an aggregate of 19.5% of First Technology’s\"},{\"bbox\":[79.0,223.5,1504.3,248.6],\"text\":\"issued share capital for $84 million. A competing bidder subsequently made an offer that surpassed the Company’s bid, and as a\"},{\"bbox\":[79.0,254.2,1560.0,279.2],\"text\":\"result the Company allowed its offer for First Technology to lapse. The Company tendered its shares into the other bidder’s offer and\"},{\"bbox\":[79.0,284.9,1554.7,309.9],\"text\":\"on April 7, 2006 received proceeds of $98 million from the sale of these shares, in addition to a $3 million break-up fee paid by First\"},{\"bbox\":[79.0,315.5,1566.8,340.6],\"text\":\"Technology to the Company. The Company recorded a pre-tax gain of approximately $14 million ($8.9 million after-tax, or $0.03 per\"},{\"bbox\":[79.0,346.2,1572.0,371.2],\"text\":\"diluted share) upon the sale of these securities including the related break-up fee, net of related transaction costs during the year ended\"},{\"bbox\":[79.0,376.9,1374.6,401.9],\"text\":\"December 31, 2006, which is included in “other (income) expense, net” in the accompanying Statement of Earnings.\"}],\"order\":0,\"text\":\"In January 2006, the Company commenced an all cash tender offer for all of the outstanding ordinary shares of First Technology plc,\\na U.K. - based public company. In connection with the offer, the Company acquired an aggregate of 19.5% of First Technology’s\\nissued share capital for $84 million. A competing bidder subsequently made an offer that surpassed the Company’s bid, and as a\\nresult the Company allowed its offer for First Technology to lapse. The Company tendered its shares into the other bidder’s offer and\\non April 7, 2006 received proceeds of $98 million from the sale of these shares, in addition to a $3 million break-up fee paid by First\\nTechnology to the Company. The Company recorded a pre-tax gain of approximately $14 million ($8.9 million after-tax, or $0.03 per\\ndiluted share) upon the sale of these securities including the related break-up fee, net of related transaction costs during the year ended\\nDecember 31, 2006, which is included in “other (income) expense, net” in the accompanying Statement of Earnings.\"},{\"bbox\":[79.0,432.9,1542.0,519.2],\"lines\":[{\"bbox\":[79.0,432.9,1539.4,457.9],\"text\":\"The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for\"},{\"bbox\":[79.0,463.5,1542.0,488.6],\"text\":\"all acquisitions consummated during 2008, 2007, and 2006 and the individually significant acquisitions in 2007 and 2006 discussed\"},{\"bbox\":[79.0,494.2,338.7,519.2],\"text\":\"above ($ in thousands):\"}],\"order\":1,\"text\":\"The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for\\nall acquisitions consummated during 2008, 2007, and 2006 and the individually significant acquisitions in 2007 and 2006 discussed\\nabove ($ in thousands):\"},{\"bbox\":[79.0,554.2,146.1,572.9],\"lines\":[{\"bbox\":[79.0,554.2,146.1,572.9],\"text\":\"Overall\"}],\"order\":2,\"text\":\"Overall\"},{\"bbox\":[79.0,580.2,986.4,917.2],\"lines\":[{\"bbox\":[79.0,580.2,304.5,605.2],\"text\":\"Accounts receivable\"},{\"bbox\":[79.0,610.9,186.7,635.9],\"text\":\"Inventory\"},{\"bbox\":[79.0,641.5,414.6,666.6],\"text\":\"Property, plant and equipment\"},{\"bbox\":[79.0,672.9,183.3,697.9],\"text\":\"Goodwill\"},{\"bbox\":[79.0,703.5,986.4,728.6],\"text\":\"Other intangible assets, primarily customer relationships, trade names and patents\"},{\"bbox\":[79.0,734.2,491.2,759.2],\"text\":\"In-process research and development\"},{\"bbox\":[79.0,764.9,486.5,789.9],\"text\":\"Refundable escrowed purchase price\"},{\"bbox\":[79.0,795.5,276.4,820.6],\"text\":\"Accounts payable\"},{\"bbox\":[79.0,826.2,418.6,851.2],\"text\":\"Other assets and liabilities, net\"},{\"bbox\":[79.0,856.9,236.6,881.9],\"text\":\"Assumed debt\"},{\"bbox\":[79.0,892.2,331.4,917.2],\"text\":\"Net cash consideration\"}],\"order\":3,\"text\":\"Accounts receivable\\nInventory\\nProperty, plant and equipment\\nGoodwill\\nOther intangible assets, primarily customer relationships, trade names and patents\\nIn-process research and development\\nRefundable escrowed purchase price\\nAccounts payable\\nOther assets and liabilities, net\\nAssumed debt\\nNet cash consideration\"},{\"bbox\":[79.0,960.2,338.4,978.9],\"lines\":[{\"bbox\":[79.0,960.2,338.4,978.9],\"text\":\"Significant 2007 Acquisitions\"}],\"order\":4,\"text\":\"Significant 2007 Acquisitions\"},{\"bbox\":[79.0,986.2,900.7,1353.9],\"lines\":[{\"bbox\":[79.0,986.2,304.5,1011.2],\"text\":\"Accounts receivable\"},{\"bbox\":[79.0,1016.9,186.7,1041.9],\"text\":\"Inventory\"},{\"bbox\":[79.0,1048.2,414.6,1073.2],\"text\":\"Property, plant and equipment\"},{\"bbox\":[79.0,1078.9,183.3,1103.9],\"text\":\"Goodwill\"},{\"bbox\":[79.0,1109.5,900.7,1134.6],\"text\":\"Other intangible assets, primarily customer relationships, trade names and\"},{\"bbox\":[112.3,1140.2,190.3,1165.2],\"text\":\"patents\"},{\"bbox\":[79.0,1170.9,491.2,1195.9],\"text\":\"In-process research and development\"},{\"bbox\":[79.0,1201.5,486.5,1226.6],\"text\":\"Refundable escrowed purchase price\"},{\"bbox\":[79.0,1232.2,276.4,1257.2],\"text\":\"Accounts payable\"},{\"bbox\":[79.0,1263.5,418.6,1288.6],\"text\":\"Other assets and liabilities, net\"},{\"bbox\":[79.0,1294.2,236.6,1319.2],\"text\":\"Assumed debt\"},{\"bbox\":[79.0,1328.9,331.4,1353.9],\"text\":\"Net cash consideration\"}],\"order\":5,\"text\":\"Accounts receivable\\nInventory\\nProperty, plant and equipment\\nGoodwill\\nOther intangible assets, primarily customer relationships, trade names and\\npatents\\nIn-process research and development\\nRefundable escrowed purchase price\\nAccounts payable\\nOther assets and liabilities, net\\nAssumed debt\\nNet cash consideration\"},{\"bbox\":[812.3,1391.5,839.3,1416.6],\"lines\":[{\"bbox\":[812.3,1391.5,839.3,1416.6],\"text\":\"74\"}],\"order\":6,\"text\":\"74\"},{\"bbox\":[1159.0,554.2,1200.7,572.9],\"lines\":[{\"bbox\":[1159.0,554.2,1200.7,572.9],\"text\":\"2008\"}],\"order\":7,\"text\":\"2008\"},{\"bbox\":[1314.3,554.2,1356.0,572.9],\"lines\":[{\"bbox\":[1314.3,554.2,1356.0,572.9],\"text\":\"2007\"}],\"order\":8,\"text\":\"2007\"},{\"bbox\":[1480.3,554.2,1522.0,572.9],\"lines\":[{\"bbox\":[1480.3,554.2,1522.0,572.9],\"text\":\"2006\"}],\"order\":9,\"text\":\"2006\"},{\"bbox\":[1127.7,580.2,1241.4,917.2],\"lines\":[{\"bbox\":[1127.7,580.2,1231.3,605.2],\"text\":\"$ 43,788\"},{\"bbox\":[1155.7,610.9,1231.3,635.9],\"text\":\"56,370\"},{\"bbox\":[1155.7,641.5,1231.3,666.6],\"text\":\"30,139\"},{\"bbox\":[1141.7,672.9,1231.3,697.9],\"text\":\"264,557\"},{\"bbox\":[1155.7,703.5,1231.3,728.6],\"text\":\"88,668\"},{\"bbox\":[1190.3,734.2,1217.7,759.2],\"text\":\"—\"},{\"bbox\":[1190.3,764.9,1217.7,789.9],\"text\":\"—\"},{\"bbox\":[1146.3,795.5,1241.4,820.6],\"text\":\"(16,112)\"},{\"bbox\":[1146.3,826.2,1241.4,851.2],\"text\":\"(35,921)\"},{\"bbox\":[1160.3,856.9,1241.4,881.9],\"text\":\"(8,281)\"},{\"bbox\":[1127.7,892.2,1231.3,917.2],\"text\":\"$423,208\"}],\"order\":10,\"text\":\"$ 43,788\\n56,370\\n30,139\\n264,557\\n88,668\\n—\\n—\\n(16,112)\\n(35,921)\\n(8,281)\\n$423,208\"},{\"bbox\":[1273.0,580.2,1406.8,917.2],\"lines\":[{\"bbox\":[1273.0,580.2,1397.3,605.2],\"text\":\"$ 200,199\"},{\"bbox\":[1307.7,610.9,1397.3,635.9],\"text\":\"207,336\"},{\"bbox\":[1307.7,641.5,1397.3,666.6],\"text\":\"202,203\"},{\"bbox\":[1287.0,672.9,1397.3,697.9],\"text\":\"2,455,473\"},{\"bbox\":[1307.7,703.5,1397.3,728.6],\"text\":\"884,263\"},{\"bbox\":[1321.7,734.2,1397.3,759.2],\"text\":\"60,400\"},{\"bbox\":[1321.7,764.9,1397.3,789.9],\"text\":\"48,504\"},{\"bbox\":[1312.3,795.5,1406.8,820.6],\"text\":\"(57,617)\"},{\"bbox\":[1298.3,826.2,1406.8,851.2],\"text\":\"(420,418)\"},{\"bbox\":[1326.3,856.9,1406.8,881.9],\"text\":\"(3,781)\"},{\"bbox\":[1273.0,892.2,1397.3,917.2],\"text\":\"$3,576,562\"}],\"order\":11,\"text\":\"$ 200,199\\n207,336\\n202,203\\n2,455,473\\n884,263\\n60,400\\n48,504\\n(57,617)\\n(420,418)\\n(3,781)\\n$3,576,562\"},{\"bbox\":[1438.3,580.2,1572.8,917.2],\"lines\":[{\"bbox\":[1438.3,580.2,1563.3,605.2],\"text\":\"$ 143,441\"},{\"bbox\":[1473.7,610.9,1563.3,635.9],\"text\":\"136,855\"},{\"bbox\":[1473.7,641.5,1563.3,666.6],\"text\":\"116,388\"},{\"bbox\":[1452.3,672.9,1562.7,697.9],\"text\":\"2,009,826\"},{\"bbox\":[1473.7,703.5,1563.3,728.6],\"text\":\"865,449\"},{\"bbox\":[1501.0,734.2,1562.7,759.2],\"text\":\"6,500\"},{\"bbox\":[1521.7,764.9,1549.0,789.9],\"text\":\"—\"},{\"bbox\":[1478.3,795.5,1572.8,820.6],\"text\":\"(50,057)\"},{\"bbox\":[1464.3,826.2,1572.8,851.2],\"text\":\"(389,200)\"},{\"bbox\":[1464.3,856.9,1572.8,881.9],\"text\":\"(183,167)\"},{\"bbox\":[1438.3,892.2,1562.7,917.2],\"text\":\"$2,656,035\"}],\"order\":12,\"text\":\"$ 143,441\\n136,855\\n116,388\\n2,009,826\\n865,449\\n6,500\\n—\\n(50,057)\\n(389,200)\\n(183,167)\\n$2,656,035\"},{\"bbox\":[1015.7,960.2,1104.7,978.9],\"lines\":[{\"bbox\":[1015.7,960.2,1104.7,978.9],\"text\":\"Tektronix\"}],\"order\":13,\"text\":\"Tektronix\"},{\"bbox\":[1159.0,960.2,1262.6,978.9],\"lines\":[{\"bbox\":[1159.0,960.2,1262.6,978.9],\"text\":\"ChemTreat\"}],\"order\":14,\"text\":\"ChemTreat\"},{\"bbox\":[1304.3,960.2,1397.7,978.9],\"lines\":[{\"bbox\":[1304.3,960.2,1397.7,978.9],\"text\":\"All Others\"}],\"order\":15,\"text\":\"All Others\"},{\"bbox\":[1477.0,960.2,1524.1,978.9],\"lines\":[{\"bbox\":[1477.0,960.2,1524.1,978.9],\"text\":\"Total\"}],\"order\":16,\"text\":\"Total\"},{\"bbox\":[998.3,986.2,1122.7,1103.9],\"lines\":[{\"bbox\":[998.3,986.2,1122.7,1011.2],\"text\":\"$ 149,315\"},{\"bbox\":[1033.0,1016.9,1122.7,1041.9],\"text\":\"181,753\"},{\"bbox\":[1033.0,1048.2,1122.7,1073.2],\"text\":\"185,567\"},{\"bbox\":[1012.3,1078.9,1122.7,1103.9],\"text\":\"1,874,578\"}],\"order\":17,\"text\":\"$ 149,315\\n181,753\\n185,567\\n1,874,578\"},{\"bbox\":[1159.0,986.2,1262.7,1103.9],\"lines\":[{\"bbox\":[1159.0,986.2,1262.7,1011.2],\"text\":\"$ 33,982\"},{\"bbox\":[1200.3,1016.9,1262.0,1041.9],\"text\":\"6,541\"},{\"bbox\":[1187.0,1048.2,1262.7,1073.2],\"text\":\"10,655\"},{\"bbox\":[1173.0,1078.9,1262.7,1103.9],\"text\":\"330,847\"}],\"order\":18,\"text\":\"$ 33,982\\n6,541\\n10,655\\n330,847\"},{\"bbox\":[1299.0,986.2,1402.7,1103.9],\"lines\":[{\"bbox\":[1299.0,986.2,1402.0,1011.2],\"text\":\"$ 16,902\"},{\"bbox\":[1326.3,1016.9,1402.0,1041.9],\"text\":\"19,042\"},{\"bbox\":[1340.3,1048.2,1402.0,1073.2],\"text\":\"5,981\"},{\"bbox\":[1313.0,1078.9,1402.7,1103.9],\"text\":\"250,048\"}],\"order\":19,\"text\":\"$ 16,902\\n19,042\\n5,981\\n250,048\"},{\"bbox\":[1438.3,986.2,1563.3,1103.9],\"lines\":[{\"bbox\":[1438.3,986.2,1563.3,1011.2],\"text\":\"$ 200,199\"},{\"bbox\":[1473.7,1016.9,1563.3,1041.9],\"text\":\"207,336\"},{\"bbox\":[1473.7,1048.2,1563.3,1073.2],\"text\":\"202,203\"},{\"bbox\":[1452.3,1078.9,1562.7,1103.9],\"text\":\"2,455,473\"}],\"order\":20,\"text\":\"$ 200,199\\n207,336\\n202,203\\n2,455,473\"},{\"bbox\":[998.3,1140.2,1572.8,1353.9],\"lines\":[{\"bbox\":[1033.0,1140.2,1122.7,1165.2],\"text\":\"720,000\"},{\"bbox\":[1187.0,1140.2,1262.7,1165.2],\"text\":\"72,000\"},{\"bbox\":[1326.3,1140.2,1402.0,1165.2],\"text\":\"92,263\"},{\"bbox\":[1473.7,1140.2,1563.3,1165.2],\"text\":\"884,263\"},{\"bbox\":[1047.0,1170.9,1122.7,1195.9],\"text\":\"60,400\"},{\"bbox\":[1221.7,1170.9,1249.0,1195.9],\"text\":\"—\"},{\"bbox\":[1361.0,1170.9,1388.4,1195.9],\"text\":\"—\"},{\"bbox\":[1487.0,1170.9,1562.7,1195.9],\"text\":\"60,400\"},{\"bbox\":[1047.0,1201.5,1122.7,1226.6],\"text\":\"48,504\"},{\"bbox\":[1221.7,1201.5,1249.0,1226.6],\"text\":\"—\"},{\"bbox\":[1361.0,1201.5,1388.4,1226.6],\"text\":\"—\"},{\"bbox\":[1487.0,1201.5,1562.7,1226.6],\"text\":\"48,504\"},{\"bbox\":[1037.7,1232.2,1132.1,1257.2],\"text\":\"(35,919)\"},{\"bbox\":[1177.7,1232.2,1272.1,1257.2],\"text\":\"(11,468)\"},{\"bbox\":[1317.7,1232.2,1412.1,1257.2],\"text\":\"(10,230)\"},{\"bbox\":[1478.3,1232.2,1572.8,1257.2],\"text\":\"(57,617)\"},{\"bbox\":[1023.7,1263.5,1132.1,1288.6],\"text\":\"(401,308)\"},{\"bbox\":[1177.7,1263.5,1272.1,1288.6],\"text\":\"(17,891)\"},{\"bbox\":[1331.0,1263.5,1412.1,1288.6],\"text\":\"(1,219)\"},{\"bbox\":[1464.3,1263.5,1572.8,1288.6],\"text\":\"(420,418)\"},{\"bbox\":[1081.7,1294.2,1109.0,1319.2],\"text\":\"—\"},{\"bbox\":[1221.7,1294.2,1249.0,1319.2],\"text\":\"—\"},{\"bbox\":[1331.0,1294.2,1412.1,1319.2],\"text\":\"(3,781)\"},{\"bbox\":[1491.7,1294.2,1572.8,1319.2],\"text\":\"(3,781)\"},{\"bbox\":[998.3,1328.9,1562.7,1353.9],\"text\":\"$2,782,890 $424,666 $369,006 $3,576,562\"}],\"order\":21,\"text\":\"720,000\\n72,000\\n92,263\\n884,263\\n60,400\\n—\\n—\\n60,400\\n48,504\\n—\\n—\\n48,504\\n(35,919)\\n(11,468)\\n(10,230)\\n(57,617)\\n(401,308)\\n(17,891)\\n(1,219)\\n(420,418)\\n—\\n—\\n(3,781)\\n(3,781)\\n$2,782,890 $424,666 $369,006 $3,576,562\"}],\"doc\":\"fintabnet:DHR_2008\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"In January 2006, the Company commenced an all cash tender offer for all of the outstanding ordinary shares of First Technology plc,\\na U.K. - based public company. In connection with the offer, the Company acquired an aggregate of 19.5% of First Technology’s\\nissued share capital for $84 million. A competing bidder subsequently made an offer that surpassed the Company’s bid, and as a\\nresult the Company allowed its offer for First Technology to lapse. The Company tendered its shares into the other bidder’s offer and\\non April 7, 2006 received proceeds of $98 million from the sale of these shares, in addition to a $3 million break-up fee paid by First\\nTechnology to the Company. The Company recorded a pre-tax gain of approximately $14 million ($8.9 million after-tax, or $0.03 per\\ndiluted share) upon the sale of these securities including the related break-up fee, net of related transaction costs during the year ended\\nDecember 31, 2006, which is included in “other (income) expense, net” in the accompanying Statement of Earnings.\\n\\nThe following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for\\nall acquisitions consummated during 2008, 2007, and 2006 and the individually significant acquisitions in 2007 and 2006 discussed\\nabove ($ in thousands):\\n\\nOverall\\n\\nAccounts receivable\\nInventory\\nProperty, plant and equipment\\nGoodwill\\nOther intangible assets, primarily customer relationships, trade names and patents\\nIn-process research and development\\nRefundable escrowed purchase price\\nAccounts payable\\nOther assets and liabilities, net\\nAssumed debt\\nNet cash consideration\\n\\nSignificant 2007 Acquisitions\\n\\nAccounts receivable\\nInventory\\nProperty, plant and equipment\\nGoodwill\\nOther intangible assets, primarily customer relationships, trade names and\\npatents\\nIn-process research and development\\nRefundable escrowed purchase price\\nAccounts payable\\nOther assets and liabilities, net\\nAssumed debt\\nNet cash consideration\\n\\n74\\n\\n2008\\n\\n2007\\n\\n2006\\n\\n$ 43,788\\n56,370\\n30,139\\n264,557\\n88,668\\n—\\n—\\n(16,112)\\n(35,921)\\n(8,281)\\n$423,208\\n\\n$ 200,199\\n207,336\\n202,203\\n2,455,473\\n884,263\\n60,400\\n48,504\\n(57,617)\\n(420,418)\\n(3,781)\\n$3,576,562\\n\\n$ 143,441\\n136,855\\n116,388\\n2,009,826\\n865,449\\n6,500\\n—\\n(50,057)\\n(389,200)\\n(183,167)\\n$2,656,035\\n\\nTektronix\\n\\nChemTreat\\n\\nAll Others\\n\\nTotal\\n\\n$ 149,315\\n181,753\\n185,567\\n1,874,578\\n\\n$ 33,982\\n6,541\\n10,655\\n330,847\\n\\n$ 16,902\\n19,042\\n5,981\\n250,048\\n\\n$ 200,199\\n207,336\\n202,203\\n2,455,473\\n\\n720,000\\n72,000\\n92,263\\n884,263\\n60,400\\n—\\n—\\n60,400\\n48,504\\n—\\n—\\n48,504\\n(35,919)\\n(11,468)\\n(10,230)\\n(57,617)\\n(401,308)\\n(17,891)\\n(1,219)\\n(420,418)\\n—\\n—\\n(3,781)\\n(3,781)\\n$2,782,890 $424,666 $369,006 $3,576,562\",\"name\":\"fintabnet.DHR_2008_page_80__200dpi_none\",\"page_id\":\"fintabnet.DHR_2008_page_80\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"DHR_2008_page_80\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[79.0,549.4,1572.8,917.3],\"block_orders\":[2,3,7,8,9,10,11,12],\"cells\":null},{\"bbox\":[79.0,955.4,1572.8,1353.9],\"block_orders\":[4,5,13,14,15,16,17,18,19,20,21],\"cells\":null}],\"text\":\"In January 2006, the Company commenced an all cash tender offer for all of the outstanding ordinary shares of First Technology plc,\\na U.K. - based public company. In connection with the offer, the Company acquired an aggregate of 19.5% of First Technology’s\\nissued share capital for $84 million. A competing bidder subsequently made an offer that surpassed the Company’s bid, and as a\\nresult the Company allowed its offer for First Technology to lapse. The Company tendered its shares into the other bidder’s offer and\\non April 7, 2006 received proceeds of $98 million from the sale of these shares, in addition to a $3 million break-up fee paid by First\\nTechnology to the Company. The Company recorded a pre-tax gain of approximately $14 million ($8.9 million after-tax, or $0.03 per\\ndiluted share) upon the sale of these securities including the related break-up fee, net of related transaction costs during the year ended\\nDecember 31, 2006, which is included in “other (income) expense, net” in the accompanying Statement of Earnings.\\n\\nThe following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the date of acquisition for\\nall acquisitions consummated during 2008, 2007, and 2006 and the individually significant acquisitions in 2007 and 2006 discussed\\nabove ($ in thousands):\\n\\nOverall\\n\\nAccounts receivable\\nInventory\\nProperty, plant and equipment\\nGoodwill\\nOther intangible assets, primarily customer relationships, trade names and patents\\nIn-process research and development\\nRefundable escrowed purchase price\\nAccounts payable\\nOther assets and liabilities, net\\nAssumed debt\\nNet cash consideration\\n\\nSignificant 2007 Acquisitions\\n\\nAccounts receivable\\nInventory\\nProperty, plant and equipment\\nGoodwill\\nOther intangible assets, primarily customer relationships, trade names and\\npatents\\nIn-process research and development\\nRefundable escrowed purchase price\\nAccounts payable\\nOther assets and liabilities, net\\nAssumed debt\\nNet cash consideration\\n\\n74\\n\\n2008\\n\\n2007\\n\\n2006\\n\\n$ 43,788\\n56,370\\n30,139\\n264,557\\n88,668\\n—\\n—\\n(16,112)\\n(35,921)\\n(8,281)\\n$423,208\\n\\n$ 200,199\\n207,336\\n202,203\\n2,455,473\\n884,263\\n60,400\\n48,504\\n(57,617)\\n(420,418)\\n(3,781)\\n$3,576,562\\n\\n$ 143,441\\n136,855\\n116,388\\n2,009,826\\n865,449\\n6,500\\n—\\n(50,057)\\n(389,200)\\n(183,167)\\n$2,656,035\\n\\nTektronix\\n\\nChemTreat\\n\\nAll Others\\n\\nTotal\\n\\n$ 149,315\\n181,753\\n185,567\\n1,874,578\\n\\n$ 33,982\\n6,541\\n10,655\\n330,847\\n\\n$ 16,902\\n19,042\\n5,981\\n250,048\\n\\n$ 200,199\\n207,336\\n202,203\\n2,455,473\\n\\n720,000\\n72,000\\n92,263\\n884,263\\n60,400\\n—\\n—\\n60,400\\n48,504\\n—\\n—\\n48,504\\n(35,919)\\n(11,468)\\n(10,230)\\n(57,617)\\n(401,308)\\n(17,891)\\n(1,219)\\n(420,418)\\n—\\n—\\n(3,781)\\n(3,781)\\n$2,782,890 $424,666 $369,006 $3,576,562\"},\"name\":\"fintabnet.DHR_2008_page_80__200dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":195682,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:DHR_2008\",\"dpi\":200,\"gt_sha256\":\"63b566cc8c2eb8fbd83912f42acef1d92db88203a36c7326ae0694203333f957\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DHR_2008_page_80__200dpi_none\",\"page\":1,\"page_id\":\"fintabnet.DHR_2008_page_80\",\"pdf_sha256\":\"ceb3a38de89c8046a5d33113b90ba93395c18e9ffcd6ca58f05fab6424ac3718\",\"px\":[1700,2200],\"scan\":{\"render\":\"00007ffe7ffe7ffc703e7fbe703ef07e7ffe707e000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"DHR_2008_page_80\",\"src\":{\"file_sha256\":\"4956aa72f598b7dab17482741ae0666e19b1f1cf925523339dccf28decb62b40\",\"render\":\"00007ffc7ffe7ffcf03e7ffe703ef07e7ffe707e000000000000000000000000\",\"text\":\"75d1d459c8b47d4fb451ea2c1d3884c9439d5bb7152a2883ad3e60c0895d5760\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ceb3a38de89c8046a5d33113b90ba93395c18e9ffcd6ca58f05fab6424ac3718\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ceb3a38de89c8046a5d33113b90ba93395c18e9ffcd6ca58f05fab6424ac3718.pdf","asset_sha256":"ceb3a38de89c8046a5d33113b90ba93395c18e9ffcd6ca58f05fab6424ac3718","document_id":"fintabnet:DHR_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2008_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2008_page_83\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DHR_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[29.9,88.9,46.0,101.5],\"lines\":[{\"bbox\":[29.9,88.9,46.0,101.5],\"text\":\"(3)\"}],\"order\":0,\"text\":\"(3)\"},{\"bbox\":[59.8,84.4,263.3,100.9],\"lines\":[{\"bbox\":[59.8,84.4,263.3,100.9],\"text\":\"DISCONTINUED OPERATIONS\"}],\"order\":1,\"text\":\"DISCONTINUED OPERATIONS\"},{\"bbox\":[30.4,101.4,779.3,237.0],\"lines\":[{\"bbox\":[30.4,101.5,771.7,129.4],\"text\":\"In July 2007, the Company completed the sale of its power quality business for a sale price of $275 million in cash, net of transaction\"},{\"bbox\":[30.7,117.0,760.5,144.7],\"text\":\"costs, and recorded an after-tax gain of $150 million ($0.45 per diluted share). The power quality business designs, makes and sells\"},{\"bbox\":[31.1,132.2,770.6,160.0],\"text\":\"power quality and reliability products and services, and prior to the sale was part of the Company’s Industrial Technologies segment.\"},{\"bbox\":[31.4,148.2,737.0,175.4],\"text\":\"The Company has reported the power quality business as a discontinued operation in this Form 10-K in accordance with SFAS\"},{\"bbox\":[31.7,163.7,746.1,191.0],\"text\":\"No. 144, Accounting for the Impairment or Disposal of Long-Lived Assets. Accordingly, the results of operations for all periods\"},{\"bbox\":[32.0,178.3,778.7,206.4],\"text\":\"presented have been reclassified to reflect the power quality business as a discontinued operation. The Company allocated a portion of\"},{\"bbox\":[32.3,194.1,760.3,221.7],\"text\":\"the consolidated interest expense to discontinued operations in accordance with EITF 87-24, Allocation of Interest to Discontinued\"},{\"bbox\":[32.7,223.2,97.0,237.0],\"text\":\"Operations.\"}],\"order\":2,\"text\":\"In July 2007, the Company completed the sale of its power quality business for a sale price of $275 million in cash, net of transaction\\ncosts, and recorded an after-tax gain of $150 million ($0.45 per diluted share). The power quality business designs, makes and sells\\npower quality and reliability products and services, and prior to the sale was part of the Company’s Industrial Technologies segment.\\nThe Company has reported the power quality business as a discontinued operation in this Form 10-K in accordance with SFAS\\nNo. 144, Accounting for the Impairment or Disposal of Long-Lived Assets. Accordingly, the results of operations for all periods\\npresented have been reclassified to reflect the power quality business as a discontinued operation. The Company allocated a portion of\\nthe consolidated interest expense to discontinued operations in accordance with EITF 87-24, Allocation of Interest to Discontinued\\nOperations.\"},{\"bbox\":[33.2,237.2,768.9,280.3],\"lines\":[{\"bbox\":[33.2,237.2,768.5,265.0],\"text\":\"The key components of income from discontinued operations related to the power quality business for the years ended December 31\"},{\"bbox\":[33.6,264.0,217.6,280.3],\"text\":\"were as follows ($ in thousands):\"}],\"order\":3,\"text\":\"The key components of income from discontinued operations related to the power quality business for the years ended December 31\\nwere as follows ($ in thousands):\"},{\"bbox\":[94.1,302.7,427.3,436.1],\"lines\":[{\"bbox\":[94.1,308.5,144.7,322.1],\"text\":\"Net sales\"},{\"bbox\":[94.4,322.8,198.1,337.4],\"text\":\"Operating expense\"},{\"bbox\":[94.7,337.2,241.4,352.8],\"text\":\"Allocated interest expense\"},{\"bbox\":[95.1,355.1,215.3,370.1],\"text\":\"Earnings before taxes\"},{\"bbox\":[95.4,371.7,169.0,385.7],\"text\":\"Income taxes\"},{\"bbox\":[95.8,386.1,311.3,403.1],\"text\":\"Earnings from discontinued operations\"},{\"bbox\":[96.1,399.9,385.6,418.4],\"text\":\"Gain on sale, net of $61,369 of related income taxes\"},{\"bbox\":[96.5,416.7,427.3,436.1],\"text\":\"Earnings from discontinued operations, net of income taxes\"}],\"order\":4,\"text\":\"Net sales\\nOperating expense\\nAllocated interest expense\\nEarnings before taxes\\nIncome taxes\\nEarnings from discontinued operations\\nGain on sale, net of $61,369 of related income taxes\\nEarnings from discontinued operations, net of income taxes\"},{\"bbox\":[37.7,465.1,53.8,477.8],\"lines\":[{\"bbox\":[37.7,465.1,53.8,477.8],\"text\":\"(4)\"}],\"order\":5,\"text\":\"(4)\"},{\"bbox\":[600.4,285.6,621.4,295.4],\"lines\":[{\"bbox\":[600.4,285.6,621.4,295.4],\"text\":\"2007\"}],\"order\":6,\"text\":\"2007\"},{\"bbox\":[680.0,284.0,701.1,293.7],\"lines\":[{\"bbox\":[680.0,284.0,701.1,293.7],\"text\":\"2006\"}],\"order\":7,\"text\":\"2006\"},{\"bbox\":[585.3,298.2,644.5,425.9],\"lines\":[{\"bbox\":[585.3,298.3,637.1,311.9],\"text\":\"$ 81,141\"},{\"bbox\":[599.3,313.6,637.4,326.9],\"text\":\"72,239\"},{\"bbox\":[617.3,329.0,638.1,341.9],\"text\":\"351\"},{\"bbox\":[607.0,346.3,638.1,359.5],\"text\":\"8,551\"},{\"bbox\":[602.7,361.9,643.5,375.2],\"text\":\"(2,279)\"},{\"bbox\":[607.7,379.3,638.8,392.4],\"text\":\"6,272\"},{\"bbox\":[594.3,394.6,639.4,408.1],\"text\":\"149,634\"},{\"bbox\":[587.7,412.3,639.8,425.9],\"text\":\"$155,906\"}],\"order\":8,\"text\":\"$ 81,141\\n72,239\\n351\\n8,551\\n(2,279)\\n6,272\\n149,634\\n$155,906\"},{\"bbox\":[664.7,296.6,724.2,424.2],\"lines\":[{\"bbox\":[664.7,296.7,716.7,310.2],\"text\":\"$130,348\"},{\"bbox\":[672.0,312.0,717.1,325.4],\"text\":\"112,565\"},{\"bbox\":[696.6,327.3,717.4,340.3],\"text\":\"454\"},{\"bbox\":[679.6,344.6,717.7,357.9],\"text\":\"17,329\"},{\"bbox\":[682.3,360.2,723.1,373.6],\"text\":\"(4,506)\"},{\"bbox\":[680.3,377.6,718.4,390.9],\"text\":\"12,823\"},{\"bbox\":[698.0,393.1,711.9,405.9],\"text\":\"—\"},{\"bbox\":[667.0,410.6,719.1,424.2],\"text\":\"$ 12,823\"}],\"order\":9,\"text\":\"$130,348\\n112,565\\n454\\n17,329\\n(4,506)\\n12,823\\n—\\n$ 12,823\"},{\"bbox\":[67.7,463.0,157.1,477.2],\"lines\":[{\"bbox\":[67.7,463.0,157.1,477.2],\"text\":\"INVENTORY:\"}],\"order\":10,\"text\":\"INVENTORY:\"},{\"bbox\":[38.1,476.6,530.4,499.3],\"lines\":[{\"bbox\":[38.1,476.6,530.4,499.3],\"text\":\"The classes of inventory as of December 31 are summarized as follows ($ in thousands):\"}],\"order\":11,\"text\":\"The classes of inventory as of December 31 are summarized as follows ($ in thousands):\"},{\"bbox\":[98.6,526.6,190.2,571.7],\"lines\":[{\"bbox\":[98.7,526.8,183.2,541.0],\"text\":\"Finished goods\"},{\"bbox\":[99.0,542.0,189.9,556.4],\"text\":\"Work in process\"},{\"bbox\":[99.3,557.6,173.7,571.7],\"text\":\"Raw material\"}],\"order\":12,\"text\":\"Finished goods\\nWork in process\\nRaw material\"},{\"bbox\":[596.3,504.8,617.3,514.5],\"lines\":[{\"bbox\":[596.3,504.8,617.3,514.5],\"text\":\"2008\"}],\"order\":13,\"text\":\"2008\"},{\"bbox\":[683.9,502.9,704.9,512.7],\"lines\":[{\"bbox\":[683.9,502.9,704.9,512.7],\"text\":\"2007\"}],\"order\":14,\"text\":\"2007\"},{\"bbox\":[575.9,517.3,639.3,579.5],\"lines\":[{\"bbox\":[575.9,517.3,638.3,531.1],\"text\":\"$ 543,996\"},{\"bbox\":[593.5,532.7,638.6,546.1],\"text\":\"211,353\"},{\"bbox\":[593.8,548.0,638.9,561.4],\"text\":\"386,960\"},{\"bbox\":[576.9,565.7,639.3,579.5],\"text\":\"$1,142,309\"}],\"order\":15,\"text\":\"$ 543,996\\n211,353\\n386,960\\n$1,142,309\"},{\"bbox\":[663.5,515.5,727.0,577.6],\"lines\":[{\"bbox\":[663.5,515.5,725.9,529.3],\"text\":\"$ 547,742\"},{\"bbox\":[681.2,530.8,726.3,544.3],\"text\":\"195,332\"},{\"bbox\":[681.5,546.2,726.6,559.6],\"text\":\"450,541\"},{\"bbox\":[664.5,563.8,727.0,577.6],\"text\":\"$1,193,615\"}],\"order\":16,\"text\":\"$ 547,742\\n195,332\\n450,541\\n$1,193,615\"},{\"bbox\":[40.7,595.3,752.3,637.9],\"lines\":[{\"bbox\":[40.7,595.3,751.9,622.6],\"text\":\"If the first-in, first-out (FIFO) method had been used for inventories valued at LIFO cost, such inventories would have been $24\"},{\"bbox\":[41.0,616.5,469.9,637.9],\"text\":\"million and $18 million higher at December 31, 2008 and 2007, respectively.\"}],\"order\":17,\"text\":\"If the first-in, first-out (FIFO) method had been used for inventories valued at LIFO cost, such inventories would have been $24\\nmillion and $18 million higher at December 31, 2008 and 2007, respectively.\"},{\"bbox\":[408.1,644.5,421.9,657.3],\"lines\":[{\"bbox\":[408.1,644.5,421.9,657.3],\"text\":\"77\"}],\"order\":18,\"text\":\"77\"}],\"doc\":\"fintabnet:DHR_2008\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"(3)\\n\\nDISCONTINUED OPERATIONS\\n\\nIn July 2007, the Company completed the sale of its power quality business for a sale price of $275 million in cash, net of transaction\\ncosts, and recorded an after-tax gain of $150 million ($0.45 per diluted share). The power quality business designs, makes and sells\\npower quality and reliability products and services, and prior to the sale was part of the Company’s Industrial Technologies segment.\\nThe Company has reported the power quality business as a discontinued operation in this Form 10-K in accordance with SFAS\\nNo. 144, Accounting for the Impairment or Disposal of Long-Lived Assets. Accordingly, the results of operations for all periods\\npresented have been reclassified to reflect the power quality business as a discontinued operation. The Company allocated a portion of\\nthe consolidated interest expense to discontinued operations in accordance with EITF 87-24, Allocation of Interest to Discontinued\\nOperations.\\n\\nThe key components of income from discontinued operations related to the power quality business for the years ended December 31\\nwere as follows ($ in thousands):\\n\\nNet sales\\nOperating expense\\nAllocated interest expense\\nEarnings before taxes\\nIncome taxes\\nEarnings from discontinued operations\\nGain on sale, net of $61,369 of related income taxes\\nEarnings from discontinued operations, net of income taxes\\n\\n(4)\\n\\n2007\\n\\n2006\\n\\n$ 81,141\\n72,239\\n351\\n8,551\\n(2,279)\\n6,272\\n149,634\\n$155,906\\n\\n$130,348\\n112,565\\n454\\n17,329\\n(4,506)\\n12,823\\n—\\n$ 12,823\\n\\nINVENTORY:\\n\\nThe classes of inventory as of December 31 are summarized as follows ($ in thousands):\\n\\nFinished goods\\nWork in process\\nRaw material\\n\\n2008\\n\\n2007\\n\\n$ 543,996\\n211,353\\n386,960\\n$1,142,309\\n\\n$ 547,742\\n195,332\\n450,541\\n$1,193,615\\n\\nIf the first-in, first-out (FIFO) method had been used for inventories valued at LIFO cost, such inventories would have been $24\\nmillion and $18 million higher at December 31, 2008 and 2007, respectively.\\n\\n77\",\"name\":\"fintabnet.DHR_2008_page_83__100dpi_medium\",\"page_id\":\"fintabnet.DHR_2008_page_83\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.189,\"source\":\"fintabnet\",\"source_id\":\"DHR_2008_page_83\",\"stack\":[{\"deg\":1.189,\"op\":\"skew\"},{\"amp\":0.123,\"angle\":186.4,\"blob\":0.368,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.836},{\"op\":\"noise\",\"sigma\":6.774},{\"offset\":-0.01,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[93.8,281.2,724.2,436.1],\"block_orders\":[4,6,7,8,9],\"cells\":null},{\"bbox\":[98.3,500.1,727.0,589.4],\"block_orders\":[12,13,14,15,16],\"cells\":null}],\"text\":\"(3)\\n\\nDISCONTINUED OPERATIONS\\n\\nIn July 2007, the Company completed the sale of its power quality business for a sale price of $275 million in cash, net of transaction\\ncosts, and recorded an after-tax gain of $150 million ($0.45 per diluted share). The power quality business designs, makes and sells\\npower quality and reliability products and services, and prior to the sale was part of the Company’s Industrial Technologies segment.\\nThe Company has reported the power quality business as a discontinued operation in this Form 10-K in accordance with SFAS\\nNo. 144, Accounting for the Impairment or Disposal of Long-Lived Assets. Accordingly, the results of operations for all periods\\npresented have been reclassified to reflect the power quality business as a discontinued operation. The Company allocated a portion of\\nthe consolidated interest expense to discontinued operations in accordance with EITF 87-24, Allocation of Interest to Discontinued\\nOperations.\\n\\nThe key components of income from discontinued operations related to the power quality business for the years ended December 31\\nwere as follows ($ in thousands):\\n\\nNet sales\\nOperating expense\\nAllocated interest expense\\nEarnings before taxes\\nIncome taxes\\nEarnings from discontinued operations\\nGain on sale, net of $61,369 of related income taxes\\nEarnings from discontinued operations, net of income taxes\\n\\n(4)\\n\\n2007\\n\\n2006\\n\\n$ 81,141\\n72,239\\n351\\n8,551\\n(2,279)\\n6,272\\n149,634\\n$155,906\\n\\n$130,348\\n112,565\\n454\\n17,329\\n(4,506)\\n12,823\\n—\\n$ 12,823\\n\\nINVENTORY:\\n\\nThe classes of inventory as of December 31 are summarized as follows ($ in thousands):\\n\\nFinished goods\\nWork in process\\nRaw material\\n\\n2008\\n\\n2007\\n\\n$ 543,996\\n211,353\\n386,960\\n$1,142,309\\n\\n$ 547,742\\n195,332\\n450,541\\n$1,193,615\\n\\nIf the first-in, first-out (FIFO) method had been used for inventories valued at LIFO cost, such inventories would have been $24\\nmillion and $18 million higher at December 31, 2008 and 2007, respectively.\\n\\n77\"},\"name\":\"fintabnet.DHR_2008_page_83__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":14336,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:DHR_2008\",\"dpi\":100,\"gt_sha256\":\"b2904178aa9d0f83ab52f6c751df1b4474a50b0a8aae717aa25437650f48fbdc\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DHR_2008_page_83__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.DHR_2008_page_83\",\"pdf_sha256\":\"405b2727358a74176b967b315b483690ef7004333a9d930a4165d9b80e5d5724\",\"px\":[850,1100],\"scan\":{\"render\":\"0000fffefffefffc701c7e1c7f147b5c783c7300000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"DHR_2008_page_83\",\"src\":{\"file_sha256\":\"dfd97224849c2ce093022fd71f59d21efa2e7a87750f45e9fab191f74cf7156f\",\"render\":\"00007ffefffe7ffc3ffc3ffc601c7fdc7ffc0000000000000000000000000000\",\"text\":\"0d31bd92173a36c7366071dd812eabaa7c5224105494af1c11c01c0ef8f5aa42\"},\"stack\":[{\"deg\":1.189,\"op\":\"skew\"},{\"amp\":0.123,\"angle\":186.4,\"blob\":0.368,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.836},{\"op\":\"noise\",\"sigma\":6.774},{\"offset\":-0.01,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"405b2727358a74176b967b315b483690ef7004333a9d930a4165d9b80e5d5724\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/405b2727358a74176b967b315b483690ef7004333a9d930a4165d9b80e5d5724.pdf","asset_sha256":"405b2727358a74176b967b315b483690ef7004333a9d930a4165d9b80e5d5724","document_id":"fintabnet:DHR_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2008_page_83\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2009_page_106\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DHR_2009\",\"ground_truth\":{\"blocks\":[{\"bbox\":[474.2,94.1,495.0,103.4],\"lines\":[{\"bbox\":[474.2,94.1,495.0,103.4],\"text\":\"2009\"}],\"order\":0,\"text\":\"2009\"},{\"bbox\":[99.2,107.1,261.2,165.9],\"lines\":[{\"bbox\":[99.2,107.1,219.6,119.6],\"text\":\"Risk-free interest rate\"},{\"bbox\":[99.2,122.8,253.0,135.3],\"text\":\"Weighted average volatility\"},{\"bbox\":[99.2,138.1,181.6,150.6],\"text\":\"Dividend yield\"},{\"bbox\":[99.2,153.4,261.2,165.9],\"text\":\"Expected years until exercise\"}],\"order\":1,\"text\":\"Risk-free interest rate\\nWeighted average volatility\\nDividend yield\\nExpected years until exercise\"},{\"bbox\":[523.8,81.8,641.4,103.4],\"lines\":[{\"bbox\":[523.8,81.8,641.4,91.1],\"text\":\"Year Ended December 31,\"},{\"bbox\":[572.2,94.1,593.0,103.4],\"text\":\"2008\"}],\"order\":2,\"text\":\"Year Ended December 31,\\n2008\"},{\"bbox\":[453.5,107.1,527.6,165.9],\"lines\":[{\"bbox\":[453.5,107.1,527.6,119.6],\"text\":\"2.08 – 3.68%\"},{\"bbox\":[502.2,122.8,527.6,135.3],\"text\":\"31%\"},{\"bbox\":[498.8,138.1,527.6,150.6],\"text\":\"0.2%\"},{\"bbox\":[477.8,153.4,516.0,165.9],\"text\":\"6 – 9.5\"}],\"order\":3,\"text\":\"2.08 – 3.68%\\n31%\\n0.2%\\n6 – 9.5\"},{\"bbox\":[551.5,107.1,625.2,165.9],\"lines\":[{\"bbox\":[551.5,107.1,625.2,119.6],\"text\":\"2.75 – 3.80%\"},{\"bbox\":[599.8,122.8,625.2,135.3],\"text\":\"27%\"},{\"bbox\":[596.5,138.1,625.2,150.6],\"text\":\"0.2%\"},{\"bbox\":[575.5,153.4,613.7,165.9],\"text\":\"6 – 9.5\"}],\"order\":4,\"text\":\"2.75 – 3.80%\\n27%\\n0.2%\\n6 – 9.5\"},{\"bbox\":[669.8,94.1,690.7,103.4],\"lines\":[{\"bbox\":[669.8,94.1,690.7,103.4],\"text\":\"2007\"}],\"order\":5,\"text\":\"2007\"},{\"bbox\":[649.2,107.1,722.9,165.9],\"lines\":[{\"bbox\":[649.2,107.1,722.9,119.6],\"text\":\"3.68 – 4.77%\"},{\"bbox\":[697.8,122.8,722.9,135.3],\"text\":\"22%\"},{\"bbox\":[666.5,138.1,722.9,150.6],\"text\":\"0.1 –0.2%\"},{\"bbox\":[663.2,153.4,711.3,165.9],\"text\":\"7.5 – 9.5\"}],\"order\":6,\"text\":\"3.68 – 4.77%\\n22%\\n0.1 –0.2%\\n7.5 – 9.5\"},{\"bbox\":[39.5,181.4,776.6,301.6],\"lines\":[{\"bbox\":[39.5,181.4,772.9,193.9],\"text\":\"The Black-Scholes model incorporates assumptions to value stock-based awards. The risk-free rate of interest for periods within the\"},{\"bbox\":[39.5,196.8,776.6,209.3],\"text\":\"contractual life of the option is based on a zero-coupon U.S. government instrument over the expected term of the equity instrument.\"},{\"bbox\":[39.5,212.1,728.2,224.6],\"text\":\"Expected volatility is based on implied volatility from traded options on the Company’s stock and historical volatility of the\"},{\"bbox\":[39.5,227.4,757.7,239.9],\"text\":\"Company’s stock. To estimate the option exercise timing to be used in the valuation model, in addition to considering the vesting\"},{\"bbox\":[39.5,242.8,773.3,255.3],\"text\":\"period and contractual term of the option, the Company analyzes and considers actual historical exercise data for previously granted\"},{\"bbox\":[39.5,258.1,773.2,270.6],\"text\":\"options. At the time of grant, the Company estimates the number of options that it expects will be forfeited based on the Company’s\"},{\"bbox\":[39.5,273.4,774.7,286.0],\"text\":\"historical experience. Separate groups of employees that have similar behavior with regard to holding options for longer periods and\"},{\"bbox\":[39.5,289.1,532.6,301.6],\"text\":\"different forfeiture rates are considered separately for valuation and attribution purposes.\"}],\"order\":7,\"text\":\"The Black-Scholes model incorporates assumptions to value stock-based awards. The risk-free rate of interest for periods within the\\ncontractual life of the option is based on a zero-coupon U.S. government instrument over the expected term of the equity instrument.\\nExpected volatility is based on implied volatility from traded options on the Company’s stock and historical volatility of the\\nCompany’s stock. To estimate the option exercise timing to be used in the valuation model, in addition to considering the vesting\\nperiod and contractual term of the option, the Company analyzes and considers actual historical exercise data for previously granted\\noptions. At the time of grant, the Company estimates the number of options that it expects will be forfeited based on the Company’s\\nhistorical experience. Separate groups of employees that have similar behavior with regard to holding options for longer periods and\\ndifferent forfeiture rates are considered separately for valuation and attribution purposes.\"},{\"bbox\":[39.5,316.8,757.6,344.6],\"lines\":[{\"bbox\":[39.5,316.8,757.6,329.3],\"text\":\"The following table summarizes the components of the Company’s share-based compensation program recorded as expense ($ in\"},{\"bbox\":[39.5,332.1,103.3,344.6],\"text\":\"thousands):\"}],\"order\":8,\"text\":\"The following table summarizes the components of the Company’s share-based compensation program recorded as expense ($ in\\nthousands):\"},{\"bbox\":[513.2,374.8,534.0,384.1],\"lines\":[{\"bbox\":[513.2,374.8,534.0,384.1],\"text\":\"2009\"}],\"order\":9,\"text\":\"2009\"},{\"bbox\":[549.8,362.1,667.4,384.1],\"lines\":[{\"bbox\":[549.8,362.1,667.4,371.4],\"text\":\"Year Ended December 31,\"},{\"bbox\":[598.2,374.8,619.0,384.1],\"text\":\"2008\"}],\"order\":10,\"text\":\"Year Ended December 31,\\n2008\"},{\"bbox\":[683.2,374.8,704.0,384.1],\"lines\":[{\"bbox\":[683.2,374.8,704.0,384.1],\"text\":\"2007\"}],\"order\":11,\"text\":\"2007\"},{\"bbox\":[99.2,388.1,432.0,448.6],\"lines\":[{\"bbox\":[99.2,388.1,359.3,400.4],\"text\":\"Restricted Stock Units & Restricted Shares:\"},{\"bbox\":[132.5,403.1,301.2,415.6],\"text\":\"Pre-tax compensation expense\"},{\"bbox\":[132.5,418.4,196.0,430.9],\"text\":\"Tax benefit\"},{\"bbox\":[99.2,436.1,432.0,448.6],\"text\":\"Restricted stock unit and restricted share expense, net of tax\"}],\"order\":12,\"text\":\"Restricted Stock Units & Restricted Shares:\\nPre-tax compensation expense\\nTax benefit\\nRestricted stock unit and restricted share expense, net of tax\"},{\"bbox\":[498.8,403.1,553.1,448.6],\"lines\":[{\"bbox\":[498.8,403.1,548.0,415.6],\"text\":\"$ 29,138\"},{\"bbox\":[505.8,418.4,553.1,430.9],\"text\":\"(10,853)\"},{\"bbox\":[498.8,436.1,548.0,448.6],\"text\":\"$ 18,285\"}],\"order\":13,\"text\":\"$ 29,138\\n(10,853)\\n$ 18,285\"},{\"bbox\":[583.8,403.1,638.1,448.6],\"lines\":[{\"bbox\":[583.8,403.1,633.3,415.6],\"text\":\"$ 25,109\"},{\"bbox\":[597.8,418.4,638.1,430.9],\"text\":\"(8,789)\"},{\"bbox\":[583.8,436.1,633.3,448.6],\"text\":\"$ 16,320\"}],\"order\":14,\"text\":\"$ 25,109\\n(8,789)\\n$ 16,320\"},{\"bbox\":[668.8,403.1,723.1,448.6],\"lines\":[{\"bbox\":[668.8,403.1,718.3,415.6],\"text\":\"$ 18,708\"},{\"bbox\":[682.8,418.4,723.1,430.9],\"text\":\"(6,548)\"},{\"bbox\":[668.8,436.1,718.3,448.6],\"text\":\"$ 12,160\"}],\"order\":15,\"text\":\"$ 18,708\\n(6,548)\\n$ 12,160\"},{\"bbox\":[99.2,462.1,301.2,522.6],\"lines\":[{\"bbox\":[99.2,462.1,187.3,474.4],\"text\":\"Stock Options:\"},{\"bbox\":[132.5,477.4,301.2,489.9],\"text\":\"Pre-tax compensation expense\"},{\"bbox\":[132.5,492.8,196.0,505.3],\"text\":\"Tax benefit\"},{\"bbox\":[99.2,510.1,277.0,522.6],\"text\":\"Stock option expense, net of tax\"}],\"order\":16,\"text\":\"Stock Options:\\nPre-tax compensation expense\\nTax benefit\\nStock option expense, net of tax\"},{\"bbox\":[498.8,477.4,553.1,522.6],\"lines\":[{\"bbox\":[498.8,477.4,548.0,489.9],\"text\":\"$ 58,212\"},{\"bbox\":[505.8,492.8,553.1,505.3],\"text\":\"(17,996)\"},{\"bbox\":[498.8,510.1,548.0,522.6],\"text\":\"$ 40,216\"}],\"order\":17,\"text\":\"$ 58,212\\n(17,996)\\n$ 40,216\"},{\"bbox\":[583.8,477.4,638.1,522.6],\"lines\":[{\"bbox\":[583.8,477.4,633.3,489.9],\"text\":\"$ 60,891\"},{\"bbox\":[590.8,492.8,638.1,505.3],\"text\":\"(16,834)\"},{\"bbox\":[583.8,510.1,633.3,522.6],\"text\":\"$ 44,057\"}],\"order\":18,\"text\":\"$ 60,891\\n(16,834)\\n$ 44,057\"},{\"bbox\":[668.8,477.4,723.1,522.6],\"lines\":[{\"bbox\":[668.8,477.4,718.3,489.9],\"text\":\"$ 54,639\"},{\"bbox\":[675.8,492.8,723.1,505.3],\"text\":\"(15,253)\"},{\"bbox\":[668.8,510.1,718.3,522.6],\"text\":\"$ 39,386\"}],\"order\":19,\"text\":\"$ 54,639\\n(15,253)\\n$ 39,386\"},{\"bbox\":[99.2,536.4,385.7,596.9],\"lines\":[{\"bbox\":[99.2,536.4,302.7,548.8],\"text\":\"Total Share-Based Compensation:\"},{\"bbox\":[132.5,551.4,301.2,563.9],\"text\":\"Pre-tax compensation expense\"},{\"bbox\":[132.5,566.8,196.0,579.3],\"text\":\"Tax benefit\"},{\"bbox\":[99.2,584.4,385.7,596.9],\"text\":\"Total share-based compensation expense, net of tax\"}],\"order\":20,\"text\":\"Total Share-Based Compensation:\\nPre-tax compensation expense\\nTax benefit\\nTotal share-based compensation expense, net of tax\"},{\"bbox\":[498.8,551.4,553.1,596.9],\"lines\":[{\"bbox\":[498.8,551.4,548.0,563.9],\"text\":\"$ 87,350\"},{\"bbox\":[505.8,566.8,553.1,579.3],\"text\":\"(28,849)\"},{\"bbox\":[498.8,584.4,548.0,596.9],\"text\":\"$ 58,501\"}],\"order\":21,\"text\":\"$ 87,350\\n(28,849)\\n$ 58,501\"},{\"bbox\":[583.8,551.4,638.1,596.9],\"lines\":[{\"bbox\":[583.8,551.4,633.3,563.9],\"text\":\"$ 86,000\"},{\"bbox\":[590.8,566.8,638.1,579.3],\"text\":\"(25,623)\"},{\"bbox\":[583.8,584.4,633.3,596.9],\"text\":\"$ 60,377\"}],\"order\":22,\"text\":\"$ 86,000\\n(25,623)\\n$ 60,377\"},{\"bbox\":[668.8,551.4,723.1,596.9],\"lines\":[{\"bbox\":[668.8,551.4,718.3,563.9],\"text\":\"$ 73,347\"},{\"bbox\":[675.8,566.8,723.1,579.3],\"text\":\"(21,801)\"},{\"bbox\":[668.8,584.4,718.3,596.9],\"text\":\"$ 51,546\"}],\"order\":23,\"text\":\"$ 73,347\\n(21,801)\\n$ 51,546\"},{\"bbox\":[39.5,616.4,776.7,690.3],\"lines\":[{\"bbox\":[39.5,616.4,775.0,628.9],\"text\":\"Share based compensation has been recognized as a component of selling, general and administrative expenses in the accompanying\"},{\"bbox\":[39.5,631.8,776.7,644.3],\"text\":\"Consolidated Statements of Earnings as payroll costs of the employees receiving the rewards. As of December 31, 2009, $76 million\"},{\"bbox\":[39.5,647.1,771.6,659.6],\"text\":\"of total unrecognized compensation cost related to RSUs and restricted shares is expected to be recognized over a weighted average\"},{\"bbox\":[39.5,662.4,761.3,674.9],\"text\":\"period of approximately 3 years. As of December 31, 2009, $150 million of total unrecognized compensation cost related to stock\"},{\"bbox\":[39.5,677.8,564.2,690.3],\"text\":\"options is expected to be recognized over a weighted average period of approximately 2 years.\"}],\"order\":24,\"text\":\"Share based compensation has been recognized as a component of selling, general and administrative expenses in the accompanying\\nConsolidated Statements of Earnings as payroll costs of the employees receiving the rewards. As of December 31, 2009, $76 million\\nof total unrecognized compensation cost related to RSUs and restricted shares is expected to be recognized over a weighted average\\nperiod of approximately 3 years. As of December 31, 2009, $150 million of total unrecognized compensation cost related to stock\\noptions is expected to be recognized over a weighted average period of approximately 2 years.\"},{\"bbox\":[406.2,704.8,419.7,717.3],\"lines\":[{\"bbox\":[406.2,704.8,419.7,717.3],\"text\":\"95\"}],\"order\":25,\"text\":\"95\"}],\"doc\":\"fintabnet:DHR_2009\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"2009\\n\\nRisk-free interest rate\\nWeighted average volatility\\nDividend yield\\nExpected years until exercise\\n\\nYear Ended December 31,\\n2008\\n\\n2.08 – 3.68%\\n31%\\n0.2%\\n6 – 9.5\\n\\n2.75 – 3.80%\\n27%\\n0.2%\\n6 – 9.5\\n\\n2007\\n\\n3.68 – 4.77%\\n22%\\n0.1 –0.2%\\n7.5 – 9.5\\n\\nThe Black-Scholes model incorporates assumptions to value stock-based awards. The risk-free rate of interest for periods within the\\ncontractual life of the option is based on a zero-coupon U.S. government instrument over the expected term of the equity instrument.\\nExpected volatility is based on implied volatility from traded options on the Company’s stock and historical volatility of the\\nCompany’s stock. To estimate the option exercise timing to be used in the valuation model, in addition to considering the vesting\\nperiod and contractual term of the option, the Company analyzes and considers actual historical exercise data for previously granted\\noptions. At the time of grant, the Company estimates the number of options that it expects will be forfeited based on the Company’s\\nhistorical experience. Separate groups of employees that have similar behavior with regard to holding options for longer periods and\\ndifferent forfeiture rates are considered separately for valuation and attribution purposes.\\n\\nThe following table summarizes the components of the Company’s share-based compensation program recorded as expense ($ in\\nthousands):\\n\\n2009\\n\\nYear Ended December 31,\\n2008\\n\\n2007\\n\\nRestricted Stock Units & Restricted Shares:\\nPre-tax compensation expense\\nTax benefit\\nRestricted stock unit and restricted share expense, net of tax\\n\\n$ 29,138\\n(10,853)\\n$ 18,285\\n\\n$ 25,109\\n(8,789)\\n$ 16,320\\n\\n$ 18,708\\n(6,548)\\n$ 12,160\\n\\nStock Options:\\nPre-tax compensation expense\\nTax benefit\\nStock option expense, net of tax\\n\\n$ 58,212\\n(17,996)\\n$ 40,216\\n\\n$ 60,891\\n(16,834)\\n$ 44,057\\n\\n$ 54,639\\n(15,253)\\n$ 39,386\\n\\nTotal Share-Based Compensation:\\nPre-tax compensation expense\\nTax benefit\\nTotal share-based compensation expense, net of tax\\n\\n$ 87,350\\n(28,849)\\n$ 58,501\\n\\n$ 86,000\\n(25,623)\\n$ 60,377\\n\\n$ 73,347\\n(21,801)\\n$ 51,546\\n\\nShare based compensation has been recognized as a component of selling, general and administrative expenses in the accompanying\\nConsolidated Statements of Earnings as payroll costs of the employees receiving the rewards. As of December 31, 2009, $76 million\\nof total unrecognized compensation cost related to RSUs and restricted shares is expected to be recognized over a weighted average\\nperiod of approximately 3 years. As of December 31, 2009, $150 million of total unrecognized compensation cost related to stock\\noptions is expected to be recognized over a weighted average period of approximately 2 years.\\n\\n95\",\"name\":\"fintabnet.DHR_2009_page_106__100dpi_none\",\"page_id\":\"fintabnet.DHR_2009_page_106\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"DHR_2009_page_106\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[99.2,359.7,723.1,597.0],\"block_orders\":[9,10,11,12,13,14,15,16,17,18,19,20,21,22,23],\"cells\":null}],\"text\":\"2009\\n\\nRisk-free interest rate\\nWeighted average volatility\\nDividend yield\\nExpected years until exercise\\n\\nYear Ended December 31,\\n2008\\n\\n2.08 – 3.68%\\n31%\\n0.2%\\n6 – 9.5\\n\\n2.75 – 3.80%\\n27%\\n0.2%\\n6 – 9.5\\n\\n2007\\n\\n3.68 – 4.77%\\n22%\\n0.1 –0.2%\\n7.5 – 9.5\\n\\nThe Black-Scholes model incorporates assumptions to value stock-based awards. The risk-free rate of interest for periods within the\\ncontractual life of the option is based on a zero-coupon U.S. government instrument over the expected term of the equity instrument.\\nExpected volatility is based on implied volatility from traded options on the Company’s stock and historical volatility of the\\nCompany’s stock. To estimate the option exercise timing to be used in the valuation model, in addition to considering the vesting\\nperiod and contractual term of the option, the Company analyzes and considers actual historical exercise data for previously granted\\noptions. At the time of grant, the Company estimates the number of options that it expects will be forfeited based on the Company’s\\nhistorical experience. Separate groups of employees that have similar behavior with regard to holding options for longer periods and\\ndifferent forfeiture rates are considered separately for valuation and attribution purposes.\\n\\nThe following table summarizes the components of the Company’s share-based compensation program recorded as expense ($ in\\nthousands):\\n\\n2009\\n\\nYear Ended December 31,\\n2008\\n\\n2007\\n\\nRestricted Stock Units & Restricted Shares:\\nPre-tax compensation expense\\nTax benefit\\nRestricted stock unit and restricted share expense, net of tax\\n\\n$ 29,138\\n(10,853)\\n$ 18,285\\n\\n$ 25,109\\n(8,789)\\n$ 16,320\\n\\n$ 18,708\\n(6,548)\\n$ 12,160\\n\\nStock Options:\\nPre-tax compensation expense\\nTax benefit\\nStock option expense, net of tax\\n\\n$ 58,212\\n(17,996)\\n$ 40,216\\n\\n$ 60,891\\n(16,834)\\n$ 44,057\\n\\n$ 54,639\\n(15,253)\\n$ 39,386\\n\\nTotal Share-Based Compensation:\\nPre-tax compensation expense\\nTax benefit\\nTotal share-based compensation expense, net of tax\\n\\n$ 87,350\\n(28,849)\\n$ 58,501\\n\\n$ 86,000\\n(25,623)\\n$ 60,377\\n\\n$ 73,347\\n(21,801)\\n$ 51,546\\n\\nShare based compensation has been recognized as a component of selling, general and administrative expenses in the accompanying\\nConsolidated Statements of Earnings as payroll costs of the employees receiving the rewards. As of December 31, 2009, $76 million\\nof total unrecognized compensation cost related to RSUs and restricted shares is expected to be recognized over a weighted average\\nperiod of approximately 3 years. As of December 31, 2009, $150 million of total unrecognized compensation cost related to stock\\noptions is expected to be recognized over a weighted average period of approximately 2 years.\\n\\n95\"},\"name\":\"fintabnet.DHR_2009_page_106__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":65378,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:DHR_2009\",\"dpi\":100,\"gt_sha256\":\"09439200161bfddad203c6ab445feb69c5f8568052b0a93b27467526a2152ab4\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DHR_2009_page_106__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.DHR_2009_page_106\",\"pdf_sha256\":\"4794848c9985e42fb410fbeccff77032af77199a48d0b252bd5d7e0da68140ce\",\"px\":[850,1100],\"scan\":{\"render\":\"000038fc7ffc7ffe7ffc3e7c3f7c3c7c3e7c7ffe000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"DHR_2009_page_106\",\"src\":{\"file_sha256\":\"0956bf368be6a7e0217159aa71b75cd2a87a48cd3a87886677ff6f57762662e8\",\"render\":\"000038fc7ffc7ffc7ffc3e7c3ffc3c7c3c7c7ffe000000000000000000000000\",\"text\":\"cee27a8da977bd0742a4e96285f45874e1c6aaa01aa07b58932d03de30133264\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"4794848c9985e42fb410fbeccff77032af77199a48d0b252bd5d7e0da68140ce\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/4794848c9985e42fb410fbeccff77032af77199a48d0b252bd5d7e0da68140ce.pdf","asset_sha256":"4794848c9985e42fb410fbeccff77032af77199a48d0b252bd5d7e0da68140ce","document_id":"fintabnet:DHR_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2009_page_106\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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$\"},{\"bbox\":[762.2,427.4,786.3,439.9],\"lines\":[{\"bbox\":[762.2,427.4,786.3,439.9],\"text\":\"0.07\"}],\"order\":56,\"text\":\"0.07\"},{\"bbox\":[39.5,427.4,150.2,439.9],\"lines\":[{\"bbox\":[39.5,427.4,150.2,439.9],\"text\":\"Dividends per share\"}],\"order\":57,\"text\":\"Dividends per share\"},{\"bbox\":[377.8,427.4,384.7,439.9],\"lines\":[{\"bbox\":[377.8,427.4,384.7,439.9],\"text\":\"$\"}],\"order\":58,\"text\":\"$\"},{\"bbox\":[39.5,451.1,104.5,478.9],\"lines\":[{\"bbox\":[39.5,451.1,104.5,463.6],\"text\":\"Total assets\"},{\"bbox\":[39.5,466.4,96.0,478.9],\"text\":\"Total debt\"}],\"order\":59,\"text\":\"Total assets\\nTotal debt\"},{\"bbox\":[377.8,451.1,610.7,478.9],\"lines\":[{\"bbox\":[377.8,451.1,610.7,463.6],\"text\":\"$19,595,420 $17,490,128 $17,471,935\"},{\"bbox\":[377.8,466.4,610.7,478.9],\"text\":\"$ 2,933,209 $ 2,619,329 $ 3,726,244\"}],\"order\":60,\"text\":\"$19,595,420 $17,490,128 $17,471,935\\n$ 2,933,209 $ 2,619,329 $ 3,726,244\"},{\"bbox\":[39.5,494.8,54.7,507.3],\"lines\":[{\"bbox\":[39.5,494.8,54.7,507.3],\"text\":\"(a)\"}],\"order\":61,\"text\":\"(a)\"},{\"bbox\":[642.2,451.1,786.0,478.9],\"lines\":[{\"bbox\":[642.2,451.1,786.0,463.6],\"text\":\"$12,864,151 $9,163,109\"},{\"bbox\":[642.2,466.4,786.0,478.9],\"text\":\"$ 2,433,716 $1,041,722\"}],\"order\":62,\"text\":\"$12,864,151 $9,163,109\\n$ 2,433,716 $1,041,722\"},{\"bbox\":[69.5,494.8,778.6,522.6],\"lines\":[{\"bbox\":[69.5,494.8,778.6,507.3],\"text\":\"Includes $211 million ($150 million after-tax or $0.45 per diluted share) gain on sale of the Company’s power quality business.\"},{\"bbox\":[69.5,510.1,537.6,522.6],\"text\":\"Refer to Note 3 to the Consolidated Financial Statements for additional information.\"}],\"order\":63,\"text\":\"Includes $211 million ($150 million after-tax or $0.45 per diluted share) gain on sale of the Company’s power quality business.\\nRefer to Note 3 to the Consolidated Financial Statements for additional information.\"},{\"bbox\":[406.2,537.1,419.7,549.6],\"lines\":[{\"bbox\":[406.2,537.1,419.7,549.6],\"text\":\"28\"}],\"order\":64,\"text\":\"28\"}],\"doc\":\"fintabnet:DHR_2009\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"ITEM 6.\\n\\nSELECTED FINANCIAL DATA\\n\\n(in thousands, except per share information)\\n\\n2009\\n\\nSales\\nOperating Profit\\n\\n2008\\n\\n2007\\n\\n$11,184,938 $12,697,456 $11,025,917\\n1,542,476\\n1,869,477\\n1,740,709\\n\\nEarnings from continuing operations\\n\\n1,151,704\\n\\n1,317,631\\n\\n—\\n\\n—\\n\\n1,151,704\\n\\n1,317,631\\n\\nEarnings from discontinued operations, net of tax\\n\\nNet earnings\\n\\n2006\\n\\n2005\\n\\n$ 9,466,056 $7,871,498\\n1,500,210 1,247,575\\n\\n1,213,998\\n\\n155,906 (a)\\n\\n1,369,904\\n\\n1,109,206\\n\\n885,609\\n\\n12,823\\n\\n12,191\\n\\n1,122,029\\n\\n897,800\\n\\nEarnings per share from continuing operations:\\nBasic\\nDiluted\\n\\n3.59 $\\n3.46\\n\\n4.13 $\\n3.95\\n\\n3.90\\n3.72\\n\\n$\\n\\n3.60 $\\n3.44\\n\\n2.87\\n2.72\\n\\nEarnings per share from discontinued operations:\\nBasic\\nDiluted\\n\\n—\\n—\\n\\n—\\n—\\n\\n$\\n\\n0.50 (a)\\n0.47 (a)\\n\\n$\\n\\n0.04 $\\n0.04\\n\\n0.04\\n0.04\\n\\nNet earnings per share:\\nBasic\\nDiluted\\n\\n3.59 $\\n3.46\\n\\n4.13 $\\n3.95\\n\\n4.40 (a)\\n4.19 (a)\\n\\n$\\n\\n3.64 $\\n3.48\\n\\n2.91\\n2.76\\n\\n0.13 $\\n\\n0.12 $\\n\\n0.11\\n\\n$\\n\\n0.08 $\\n\\n0.07\\n\\nDividends per share\\n\\n$\\n\\nTotal assets\\nTotal debt\\n\\n$19,595,420 $17,490,128 $17,471,935\\n$ 2,933,209 $ 2,619,329 $ 3,726,244\\n\\n(a)\\n\\n$12,864,151 $9,163,109\\n$ 2,433,716 $1,041,722\\n\\nIncludes $211 million ($150 million after-tax or $0.45 per diluted share) gain on sale of the Company’s power quality business.\\nRefer to Note 3 to the Consolidated Financial Statements for additional information.\\n\\n28\",\"name\":\"fintabnet.DHR_2009_page_39__100dpi_none\",\"page_id\":\"fintabnet.DHR_2009_page_39\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"DHR_2009_page_39\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[39.5,136.4,786.3,479.0],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,62],\"cells\":null}],\"text\":\"ITEM 6.\\n\\nSELECTED FINANCIAL DATA\\n\\n(in thousands, except per share information)\\n\\n2009\\n\\nSales\\nOperating Profit\\n\\n2008\\n\\n2007\\n\\n$11,184,938 $12,697,456 $11,025,917\\n1,542,476\\n1,869,477\\n1,740,709\\n\\nEarnings from continuing operations\\n\\n1,151,704\\n\\n1,317,631\\n\\n—\\n\\n—\\n\\n1,151,704\\n\\n1,317,631\\n\\nEarnings from discontinued operations, net of tax\\n\\nNet earnings\\n\\n2006\\n\\n2005\\n\\n$ 9,466,056 $7,871,498\\n1,500,210 1,247,575\\n\\n1,213,998\\n\\n155,906 (a)\\n\\n1,369,904\\n\\n1,109,206\\n\\n885,609\\n\\n12,823\\n\\n12,191\\n\\n1,122,029\\n\\n897,800\\n\\nEarnings per share from continuing operations:\\nBasic\\nDiluted\\n\\n3.59 $\\n3.46\\n\\n4.13 $\\n3.95\\n\\n3.90\\n3.72\\n\\n$\\n\\n3.60 $\\n3.44\\n\\n2.87\\n2.72\\n\\nEarnings per share from discontinued operations:\\nBasic\\nDiluted\\n\\n—\\n—\\n\\n—\\n—\\n\\n$\\n\\n0.50 (a)\\n0.47 (a)\\n\\n$\\n\\n0.04 $\\n0.04\\n\\n0.04\\n0.04\\n\\nNet earnings per share:\\nBasic\\nDiluted\\n\\n3.59 $\\n3.46\\n\\n4.13 $\\n3.95\\n\\n4.40 (a)\\n4.19 (a)\\n\\n$\\n\\n3.64 $\\n3.48\\n\\n2.91\\n2.76\\n\\n0.13 $\\n\\n0.12 $\\n\\n0.11\\n\\n$\\n\\n0.08 $\\n\\n0.07\\n\\nDividends per share\\n\\n$\\n\\nTotal assets\\nTotal debt\\n\\n$19,595,420 $17,490,128 $17,471,935\\n$ 2,933,209 $ 2,619,329 $ 3,726,244\\n\\n(a)\\n\\n$12,864,151 $9,163,109\\n$ 2,433,716 $1,041,722\\n\\nIncludes $211 million ($150 million after-tax or $0.45 per diluted share) gain on sale of the Company’s power quality business.\\nRefer to Note 3 to the Consolidated Financial Statements for additional information.\\n\\n28\"},\"name\":\"fintabnet.DHR_2009_page_39__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":42157,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:DHR_2009\",\"dpi\":100,\"gt_sha256\":\"3baa84bd3069c059357eded18f8c73ced9e11045b0beedea48282ef7a38e4c40\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2009_page_86\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DHR_2009\",\"ground_truth\":{\"blocks\":[{\"bbox\":[42.5,55.7,169.1,65.9],\"lines\":[{\"bbox\":[42.5,55.7,169.1,65.9],\"text\":\"Subsequent Acquisition Activity\"}],\"order\":0,\"text\":\"Subsequent Acquisition Activity\"},{\"bbox\":[30.9,71.0,564.4,151.8],\"lines\":[{\"bbox\":[31.6,71.0,549.5,85.2],\"text\":\"Subsequent to December 31, 2009, the Company completed the previously announced acquisition of the Analytical Technologies\"},{\"bbox\":[31.5,82.0,554.2,96.3],\"text\":\"division of MDS, which includes a 50% ownership position in the Applied Biosystems/MDS Sciex joint venture (“AB SCIEX”), a\"},{\"bbox\":[31.4,93.3,532.1,107.3],\"text\":\"mass spectrometry business, and a 100% ownership position in the former Molecular Devices Corporation, a bioresearch and\"},{\"bbox\":[31.2,104.4,561.6,118.7],\"text\":\"analytical instrumentation company. In a separate, but related transaction, the Company simultaneously completed the acquisition of\"},{\"bbox\":[31.1,115.4,563.9,129.7],\"text\":\"the remaining 50% ownership position in AB SCIEX from Life Technologies Corporation. The aggregate cash purchase price for the\"},{\"bbox\":[31.0,126.4,553.6,140.7],\"text\":\"combined transactions was approximately $1.1 billion, including debt assumed and net of cash acquired. The Company funded the\"},{\"bbox\":[30.9,137.5,284.0,149.0],\"text\":\"purchase price for this transaction from available cash on hand.\"}],\"order\":1,\"text\":\"Subsequent to December 31, 2009, the Company completed the previously announced acquisition of the Analytical Technologies\\ndivision of MDS, which includes a 50% ownership position in the Applied Biosystems/MDS Sciex joint venture (“AB SCIEX”), a\\nmass spectrometry business, and a 100% ownership position in the former Molecular Devices Corporation, a bioresearch and\\nanalytical instrumentation company. In a separate, but related transaction, the Company simultaneously completed the acquisition of\\nthe remaining 50% ownership position in AB SCIEX from Life Technologies Corporation. The aggregate cash purchase price for the\\ncombined transactions was approximately $1.1 billion, including debt assumed and net of cash acquired. The Company funded the\\npurchase price for this transaction from available cash on hand.\"},{\"bbox\":[30.2,157.6,563.0,227.1],\"lines\":[{\"bbox\":[30.7,157.6,563.0,172.0],\"text\":\"AB SCIEX and Molecular Devices Corporation will operate within the Company’s Medical Technologies segment, and are expected\"},{\"bbox\":[30.6,168.7,542.3,182.8],\"text\":\"to increase the Medical Technologies segment’s annual revenues by approximately $650 million. The acquisition of AB SCIEX\"},{\"bbox\":[30.5,179.7,557.0,194.0],\"text\":\"significantly expands the Company’s position in the life sciences and diagnostics business and in particular establishes a position in\"},{\"bbox\":[30.4,190.8,519.6,204.6],\"text\":\"the mass spectrometry market. AB SCIEX is expected to provide additional sales and earnings growth opportunities in the\"},{\"bbox\":[30.3,201.8,542.2,215.9],\"text\":\"Company’s Medical Technologies segment, both through the growth of existing products and services and through the potential\"},{\"bbox\":[30.2,212.8,196.6,223.5],\"text\":\"acquisition of complementary businesses.\"}],\"order\":2,\"text\":\"AB SCIEX and Molecular Devices Corporation will operate within the Company’s Medical Technologies segment, and are expected\\nto increase the Medical Technologies segment’s annual revenues by approximately $650 million. The acquisition of AB SCIEX\\nsignificantly expands the Company’s position in the life sciences and diagnostics business and in particular establishes a position in\\nthe mass spectrometry market. AB SCIEX is expected to provide additional sales and earnings growth opportunities in the\\nCompany’s Medical Technologies segment, both through the growth of existing products and services and through the potential\\nacquisition of complementary businesses.\"},{\"bbox\":[29.9,237.8,190.5,248.3],\"lines\":[{\"bbox\":[29.9,237.8,190.5,248.3],\"text\":\"(3) DISCONTINUED OPERATIONS\"}],\"order\":3,\"text\":\"(3) DISCONTINUED OPERATIONS\"},{\"bbox\":[29.2,253.1,563.5,322.7],\"lines\":[{\"bbox\":[29.8,253.1,563.5,267.5],\"text\":\"In July 2007, the Company completed the sale of its power quality business for a sale price of $275 million in cash, net of transaction\"},{\"bbox\":[29.7,264.2,554.9,278.4],\"text\":\"costs, and recorded an after-tax gain of $150 million ($0.45 per diluted share). The power quality business designs, makes and sells\"},{\"bbox\":[29.5,275.2,562.0,289.5],\"text\":\"power quality and reliability products and services, and prior to the sale was part of the Company’s Industrial Technologies segment.\"},{\"bbox\":[29.4,286.3,556.5,300.5],\"text\":\"The Company has reported the power quality business as a discontinued operation in this Form 10-K and accordingly, the results of\"},{\"bbox\":[29.3,297.3,540.4,311.4],\"text\":\"operations for all periods presented have been reclassified to reflect the power quality business as a discontinued operation. The\"},{\"bbox\":[29.2,308.3,400.7,321.1],\"text\":\"Company allocated a portion of the consolidated interest expense to discontinued operations.\"}],\"order\":4,\"text\":\"In July 2007, the Company completed the sale of its power quality business for a sale price of $275 million in cash, net of transaction\\ncosts, and recorded an after-tax gain of $150 million ($0.45 per diluted share). The power quality business designs, makes and sells\\npower quality and reliability products and services, and prior to the sale was part of the Company’s Industrial Technologies segment.\\nThe Company has reported the power quality business as a discontinued operation in this Form 10-K and accordingly, the results of\\noperations for all periods presented have been reclassified to reflect the power quality business as a discontinued operation. The\\nCompany allocated a portion of the consolidated interest expense to discontinued operations.\"},{\"bbox\":[28.9,328.5,557.1,353.8],\"lines\":[{\"bbox\":[29.0,328.5,557.1,342.8],\"text\":\"The key components of income from discontinued operations related to the power quality business for the year ended December 31,\"},{\"bbox\":[28.9,339.5,183.8,350.1],\"text\":\"2007 were as follows ($ in thousands):\"}],\"order\":5,\"text\":\"The key components of income from discontinued operations related to the power quality business for the year ended December 31,\\n2007 were as follows ($ in thousands):\"},{\"bbox\":[448.2,365.3,463.3,372.2],\"lines\":[{\"bbox\":[448.2,365.3,463.3,372.2],\"text\":\"2007\"}],\"order\":6,\"text\":\"2007\"},{\"bbox\":[113.9,371.4,352.9,464.8],\"lines\":[{\"bbox\":[114.7,371.4,151.1,380.7],\"text\":\"Net sales\"},{\"bbox\":[114.6,382.4,189.2,392.2],\"text\":\"Operating expense\"},{\"bbox\":[114.5,393.4,220.0,403.5],\"text\":\"Allocated interest expense\"},{\"bbox\":[114.4,406.2,200.9,416.0],\"text\":\"Earnings before taxes\"},{\"bbox\":[114.3,417.2,167.2,426.7],\"text\":\"Income taxes\"},{\"bbox\":[114.2,429.9,269.3,440.5],\"text\":\"Earnings from discontinued operations\"},{\"bbox\":[114.1,441.0,322.4,452.0],\"text\":\"Gain on sale, net of $61,369 of related income taxes\"},{\"bbox\":[113.9,453.4,352.1,464.8],\"text\":\"Earnings from discontinued operations, net of income taxes\"}],\"order\":7,\"text\":\"Net sales\\nOperating expense\\nAllocated interest expense\\nEarnings before taxes\\nIncome taxes\\nEarnings from discontinued operations\\nGain on sale, net of $61,369 of related income taxes\\nEarnings from discontinued operations, net of income taxes\"},{\"bbox\":[436.2,374.6,477.9,466.1],\"lines\":[{\"bbox\":[437.1,374.6,474.2,384.0],\"text\":\"$ 81,141\"},{\"bbox\":[446.8,385.7,474.1,395.0],\"text\":\"72,239\"},{\"bbox\":[459.4,396.9,474.2,406.0],\"text\":\"351\"},{\"bbox\":[451.6,409.5,473.9,418.8],\"text\":\"8,551\"},{\"bbox\":[448.1,420.5,477.4,429.8],\"text\":\"(2,279)\"},{\"bbox\":[451.3,433.3,473.6,442.5],\"text\":\"6,272\"},{\"bbox\":[441.4,444.2,473.8,453.6],\"text\":\"149,634\"},{\"bbox\":[436.2,456.6,473.7,466.0],\"text\":\"$155,906\"}],\"order\":8,\"text\":\"$ 81,141\\n72,239\\n351\\n8,551\\n(2,279)\\n6,272\\n149,634\\n$155,906\"},{\"bbox\":[27.1,475.6,563.2,534.4],\"lines\":[{\"bbox\":[27.5,475.6,539.3,489.7],\"text\":\"During 2009, the Company divested of five businesses or product lines for approximately $10 million of net cash proceeds. The\"},{\"bbox\":[27.4,486.9,553.3,501.1],\"text\":\"divested businesses and product lines were part of the Industrial Technologies and Tools and Components segments. The Company\"},{\"bbox\":[27.3,497.9,562.9,512.3],\"text\":\"recorded no significant gain or loss, either individually or in the aggregate, associated with these divestitures. The businesses divested\"},{\"bbox\":[27.2,509.0,546.7,523.2],\"text\":\"by the Company have not been treated as discontinued operations in the accompanying financial statements as the impact of these\"},{\"bbox\":[27.1,520.0,535.6,534.1],\"text\":\"businesses to the Company’s results of operations, financial position, cash flows and segment information were not significant.\"}],\"order\":9,\"text\":\"During 2009, the Company divested of five businesses or product lines for approximately $10 million of net cash proceeds. The\\ndivested businesses and product lines were part of the Industrial Technologies and Tools and Components segments. The Company\\nrecorded no significant gain or loss, either individually or in the aggregate, associated with these divestitures. The businesses divested\\nby the Company have not been treated as discontinued operations in the accompanying financial statements as the impact of these\\nbusinesses to the Company’s results of operations, financial position, cash flows and segment information were not significant.\"},{\"bbox\":[290.9,542.1,300.7,551.2],\"lines\":[{\"bbox\":[290.9,542.1,300.7,551.2],\"text\":\"75\"}],\"order\":10,\"text\":\"75\"}],\"doc\":\"fintabnet:DHR_2009\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Subsequent Acquisition Activity\\n\\nSubsequent to December 31, 2009, the Company completed the previously announced acquisition of the Analytical Technologies\\ndivision of MDS, which includes a 50% ownership position in the Applied Biosystems/MDS Sciex joint venture (“AB SCIEX”), a\\nmass spectrometry business, and a 100% ownership position in the former Molecular Devices Corporation, a bioresearch and\\nanalytical instrumentation company. In a separate, but related transaction, the Company simultaneously completed the acquisition of\\nthe remaining 50% ownership position in AB SCIEX from Life Technologies Corporation. The aggregate cash purchase price for the\\ncombined transactions was approximately $1.1 billion, including debt assumed and net of cash acquired. The Company funded the\\npurchase price for this transaction from available cash on hand.\\n\\nAB SCIEX and Molecular Devices Corporation will operate within the Company’s Medical Technologies segment, and are expected\\nto increase the Medical Technologies segment’s annual revenues by approximately $650 million. The acquisition of AB SCIEX\\nsignificantly expands the Company’s position in the life sciences and diagnostics business and in particular establishes a position in\\nthe mass spectrometry market. AB SCIEX is expected to provide additional sales and earnings growth opportunities in the\\nCompany’s Medical Technologies segment, both through the growth of existing products and services and through the potential\\nacquisition of complementary businesses.\\n\\n(3) DISCONTINUED OPERATIONS\\n\\nIn July 2007, the Company completed the sale of its power quality business for a sale price of $275 million in cash, net of transaction\\ncosts, and recorded an after-tax gain of $150 million ($0.45 per diluted share). The power quality business designs, makes and sells\\npower quality and reliability products and services, and prior to the sale was part of the Company’s Industrial Technologies segment.\\nThe Company has reported the power quality business as a discontinued operation in this Form 10-K and accordingly, the results of\\noperations for all periods presented have been reclassified to reflect the power quality business as a discontinued operation. The\\nCompany allocated a portion of the consolidated interest expense to discontinued operations.\\n\\nThe key components of income from discontinued operations related to the power quality business for the year ended December 31,\\n2007 were as follows ($ in thousands):\\n\\n2007\\n\\nNet sales\\nOperating expense\\nAllocated interest expense\\nEarnings before taxes\\nIncome taxes\\nEarnings from discontinued operations\\nGain on sale, net of $61,369 of related income taxes\\nEarnings from discontinued operations, net of income taxes\\n\\n$ 81,141\\n72,239\\n351\\n8,551\\n(2,279)\\n6,272\\n149,634\\n$155,906\\n\\nDuring 2009, the Company divested of five businesses or product lines for approximately $10 million of net cash proceeds. The\\ndivested businesses and product lines were part of the Industrial Technologies and Tools and Components segments. The Company\\nrecorded no significant gain or loss, either individually or in the aggregate, associated with these divestitures. The businesses divested\\nby the Company have not been treated as discontinued operations in the accompanying financial statements as the impact of these\\nbusinesses to the Company’s results of operations, financial position, cash flows and segment information were not significant.\\n\\n75\",\"name\":\"fintabnet.DHR_2009_page_86__72dpi_mild\",\"page_id\":\"fintabnet.DHR_2009_page_86\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.571,\"source\":\"fintabnet\",\"source_id\":\"DHR_2009_page_86\",\"stack\":[{\"deg\":-0.571,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.531},{\"op\":\"noise\",\"sigma\":2.125},{\"op\":\"jpeg\",\"q\":70}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[113.9,360.3,478.0,466.1],\"block_orders\":[6,7,8],\"cells\":null}],\"text\":\"Subsequent Acquisition Activity\\n\\nSubsequent to December 31, 2009, the Company completed the previously announced acquisition of the Analytical Technologies\\ndivision of MDS, which includes a 50% ownership position in the Applied Biosystems/MDS Sciex joint venture (“AB SCIEX”), a\\nmass spectrometry business, and a 100% ownership position in the former Molecular Devices Corporation, a bioresearch and\\nanalytical instrumentation company. In a separate, but related transaction, the Company simultaneously completed the acquisition of\\nthe remaining 50% ownership position in AB SCIEX from Life Technologies Corporation. The aggregate cash purchase price for the\\ncombined transactions was approximately $1.1 billion, including debt assumed and net of cash acquired. The Company funded the\\npurchase price for this transaction from available cash on hand.\\n\\nAB SCIEX and Molecular Devices Corporation will operate within the Company’s Medical Technologies segment, and are expected\\nto increase the Medical Technologies segment’s annual revenues by approximately $650 million. The acquisition of AB SCIEX\\nsignificantly expands the Company’s position in the life sciences and diagnostics business and in particular establishes a position in\\nthe mass spectrometry market. AB SCIEX is expected to provide additional sales and earnings growth opportunities in the\\nCompany’s Medical Technologies segment, both through the growth of existing products and services and through the potential\\nacquisition of complementary businesses.\\n\\n(3) DISCONTINUED OPERATIONS\\n\\nIn July 2007, the Company completed the sale of its power quality business for a sale price of $275 million in cash, net of transaction\\ncosts, and recorded an after-tax gain of $150 million ($0.45 per diluted share). The power quality business designs, makes and sells\\npower quality and reliability products and services, and prior to the sale was part of the Company’s Industrial Technologies segment.\\nThe Company has reported the power quality business as a discontinued operation in this Form 10-K and accordingly, the results of\\noperations for all periods presented have been reclassified to reflect the power quality business as a discontinued operation. The\\nCompany allocated a portion of the consolidated interest expense to discontinued operations.\\n\\nThe key components of income from discontinued operations related to the power quality business for the year ended December 31,\\n2007 were as follows ($ in thousands):\\n\\n2007\\n\\nNet sales\\nOperating expense\\nAllocated interest expense\\nEarnings before taxes\\nIncome taxes\\nEarnings from discontinued operations\\nGain on sale, net of $61,369 of related income taxes\\nEarnings from discontinued operations, net of income taxes\\n\\n$ 81,141\\n72,239\\n351\\n8,551\\n(2,279)\\n6,272\\n149,634\\n$155,906\\n\\nDuring 2009, the Company divested of five businesses or product lines for approximately $10 million of net cash proceeds. The\\ndivested businesses and product lines were part of the Industrial Technologies and Tools and Components segments. The Company\\nrecorded no significant gain or loss, either individually or in the aggregate, associated with these divestitures. The businesses divested\\nby the Company have not been treated as discontinued operations in the accompanying financial statements as the impact of these\\nbusinesses to the Company’s results of operations, financial position, cash flows and segment information were not significant.\\n\\n75\"},\"name\":\"fintabnet.DHR_2009_page_86__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":69158,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:DHR_2009\",\"dpi\":72,\"gt_sha256\":\"3e9495fb2c8c684eca9b0f0ecb935f6e87a503756baa976e0c705a74538c2018\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DHR_2009_page_86__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.DHR_2009_page_86\",\"pdf_sha256\":\"72b2875b74d3d2b886f10715c1776ef98e56ecbf4ff6ac9af0b747ad848f0904\",\"px\":[612,792],\"scan\":{\"render\":\"00007ffc7ffe7ffe7a787ffe7ffc18101e187ff87ffc00000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"DHR_2009_page_86\",\"src\":{\"file_sha256\":\"d6204afbeae7fece6b1b31dc71725fdd11ebea4d2a8b3a5c4f9f7e3d3ce9e392\",\"render\":\"00007ffc7ffe7ffc78007ffe7ffc18101f187ffc7ffc00000000000000000000\",\"text\":\"1054de2dea3b58c3a4ef6f14f13a6b60b2a09b9f834ed4e55d4d4dfa2bb9b72e\"},\"stack\":[{\"deg\":-0.571,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.531},{\"op\":\"noise\",\"sigma\":2.125},{\"op\":\"jpeg\",\"q\":70}],\"tools\":\"21647cade0ee\"},\"sha256\":\"72b2875b74d3d2b886f10715c1776ef98e56ecbf4ff6ac9af0b747ad848f0904\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/72b2875b74d3d2b886f10715c1776ef98e56ecbf4ff6ac9af0b747ad848f0904.pdf","asset_sha256":"72b2875b74d3d2b886f10715c1776ef98e56ecbf4ff6ac9af0b747ad848f0904","document_id":"fintabnet:DHR_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2009_page_86\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2009_page_88\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DHR_2009\",\"ground_truth\":{\"blocks\":[{\"bbox\":[39.5,80.8,778.0,108.9],\"lines\":[{\"bbox\":[39.5,80.8,778.0,93.3],\"text\":\"The following table shows the rollforward of goodwill reflected in the financial statements resulting from the Company’s acquisition\"},{\"bbox\":[39.5,96.4,319.9,108.9],\"text\":\"activities for 2007, 2008, and 2009 ($ in millions).\"}],\"order\":0,\"text\":\"The following table shows the rollforward of goodwill reflected in the financial statements resulting from the Company’s acquisition\\nactivities for 2007, 2008, and 2009 ($ in millions).\"},{\"bbox\":[620.5,126.4,663.4,329.9],\"lines\":[{\"bbox\":[620.5,126.4,658.3,138.9],\"text\":\"$6,560\"},{\"bbox\":[627.5,141.8,658.3,154.3],\"text\":\"2,455\"},{\"bbox\":[640.5,157.4,663.4,169.9],\"text\":\"(12)\"},{\"bbox\":[638.2,172.8,658.7,185.3],\"text\":\"238\"},{\"bbox\":[620.5,190.1,658.3,202.6],\"text\":\"$9,241\"},{\"bbox\":[638.2,205.4,658.7,217.9],\"text\":\"265\"},{\"bbox\":[640.5,221.1,663.4,233.6],\"text\":\"(20)\"},{\"bbox\":[633.5,236.4,663.4,248.9],\"text\":\"(275)\"},{\"bbox\":[620.5,253.8,658.3,266.3],\"text\":\"$9,211\"},{\"bbox\":[638.2,269.1,658.7,281.6],\"text\":\"423\"},{\"bbox\":[640.5,284.8,663.4,297.3],\"text\":\"(21)\"},{\"bbox\":[638.2,300.1,658.7,312.6],\"text\":\"205\"},{\"bbox\":[620.5,317.4,658.3,329.9],\"text\":\"$9,818\"}],\"order\":1,\"text\":\"$6,560\\n2,455\\n(12)\\n238\\n$9,241\\n265\\n(20)\\n(275)\\n$9,211\\n423\\n(21)\\n205\\n$9,818\"},{\"bbox\":[159.2,126.8,529.7,330.1],\"lines\":[{\"bbox\":[159.2,126.8,304.0,139.1],\"text\":\"Balance January 1, 2007\"},{\"bbox\":[192.5,141.8,374.7,154.3],\"text\":\"Attributable to 2007 acquisitions\"},{\"bbox\":[192.5,157.4,529.7,169.9],\"text\":\"Adjustments due to finalization of purchase price allocations\"},{\"bbox\":[192.5,172.8,398.9,185.3],\"text\":\"Effect of foreign currency translation\"},{\"bbox\":[159.2,190.4,321.6,202.8],\"text\":\"Balance December 31, 2007\"},{\"bbox\":[192.5,205.4,374.7,217.9],\"text\":\"Attributable to 2008 acquisitions\"},{\"bbox\":[192.5,221.1,529.7,233.6],\"text\":\"Adjustments due to finalization of purchase price allocations\"},{\"bbox\":[192.5,236.4,398.9,248.9],\"text\":\"Effect of foreign currency translation\"},{\"bbox\":[159.2,254.1,321.6,266.4],\"text\":\"Balance December 31, 2008\"},{\"bbox\":[192.5,269.1,374.7,281.6],\"text\":\"Attributable to 2009 acquisitions\"},{\"bbox\":[192.5,284.8,529.7,297.3],\"text\":\"Adjustments due to finalization of purchase price allocations\"},{\"bbox\":[192.5,300.1,398.9,312.6],\"text\":\"Effect of foreign currency translation\"},{\"bbox\":[159.2,317.8,321.6,330.1],\"text\":\"Balance December 31, 2009\"}],\"order\":2,\"text\":\"Balance January 1, 2007\\nAttributable to 2007 acquisitions\\nAdjustments due to finalization of purchase price allocations\\nEffect of foreign currency translation\\nBalance December 31, 2007\\nAttributable to 2008 acquisitions\\nAdjustments due to finalization of purchase price allocations\\nEffect of foreign currency translation\\nBalance December 31, 2008\\nAttributable to 2009 acquisitions\\nAdjustments due to finalization of purchase price allocations\\nEffect of foreign currency translation\\nBalance December 31, 2009\"},{\"bbox\":[39.5,349.4,618.4,361.9],\"lines\":[{\"bbox\":[39.5,349.4,618.4,361.9],\"text\":\"The carrying value of goodwill by segment as of December 31 is summarized as follows ($ in millions):\"}],\"order\":3,\"text\":\"The carrying value of goodwill by segment as of December 31 is summarized as follows ($ in millions):\"},{\"bbox\":[129.2,380.4,167.3,389.8],\"lines\":[{\"bbox\":[129.2,380.4,167.3,389.8],\"text\":\"Segment\"}],\"order\":4,\"text\":\"Segment\"},{\"bbox\":[129.2,392.4,289.0,451.3],\"lines\":[{\"bbox\":[129.2,392.4,289.0,404.9],\"text\":\"Professional Instrumentation\"},{\"bbox\":[129.2,407.8,252.8,420.3],\"text\":\"Medical Technologies\"},{\"bbox\":[129.2,423.4,260.5,435.9],\"text\":\"Industrial Technologies\"},{\"bbox\":[129.2,438.8,248.5,451.3],\"text\":\"Tools & Components\"}],\"order\":5,\"text\":\"Professional Instrumentation\\nMedical Technologies\\nIndustrial Technologies\\nTools & Components\"},{\"bbox\":[607.2,379.4,628.0,388.8],\"lines\":[{\"bbox\":[607.2,379.4,628.0,388.8],\"text\":\"2009\"}],\"order\":6,\"text\":\"2009\"},{\"bbox\":[667.2,379.4,688.0,388.8],\"lines\":[{\"bbox\":[667.2,379.4,688.0,388.8],\"text\":\"2008\"}],\"order\":7,\"text\":\"2008\"},{\"bbox\":[598.5,392.4,636.3,468.6],\"lines\":[{\"bbox\":[598.5,392.4,636.3,404.9],\"text\":\"$4,028\"},{\"bbox\":[605.5,407.8,636.3,420.3],\"text\":\"3,555\"},{\"bbox\":[605.5,423.4,636.3,435.9],\"text\":\"2,041\"},{\"bbox\":[615.8,438.8,636.3,451.3],\"text\":\"194\"},{\"bbox\":[598.5,456.1,636.3,468.6],\"text\":\"$9,818\"}],\"order\":8,\"text\":\"$4,028\\n3,555\\n2,041\\n194\\n$9,818\"},{\"bbox\":[658.5,392.4,696.3,468.6],\"lines\":[{\"bbox\":[658.5,392.4,696.3,404.9],\"text\":\"$3,802\"},{\"bbox\":[665.5,407.8,696.3,420.3],\"text\":\"3,242\"},{\"bbox\":[665.5,423.4,696.3,435.9],\"text\":\"1,973\"},{\"bbox\":[675.8,438.8,696.3,451.3],\"text\":\"194\"},{\"bbox\":[658.5,456.1,696.3,468.6],\"text\":\"$9,211\"}],\"order\":9,\"text\":\"$3,802\\n3,242\\n1,973\\n194\\n$9,211\"},{\"bbox\":[39.5,488.1,745.3,516.3],\"lines\":[{\"bbox\":[39.5,488.1,745.3,500.6],\"text\":\"Intangible assets are amortized over their legal or estimated useful life. The following summarizes the gross carrying value and\"},{\"bbox\":[39.5,503.8,510.3,516.3],\"text\":\"accumulated amortization for each major category of intangible asset ($ in millions):\"}],\"order\":10,\"text\":\"Intangible assets are amortized over their legal or estimated useful life. The following summarizes the gross carrying value and\\naccumulated amortization for each major category of intangible asset ($ in millions):\"},{\"bbox\":[69.5,582.8,392.0,643.3],\"lines\":[{\"bbox\":[69.5,582.8,221.8,595.1],\"text\":\"Finite – Lived Intangibles\"},{\"bbox\":[102.8,597.8,222.0,610.3],\"text\":\"Patents & technology\"},{\"bbox\":[102.8,613.1,392.0,625.6],\"text\":\"Other intangibles (primarily customer relationships)\"},{\"bbox\":[69.5,630.8,237.5,643.3],\"text\":\"Total finite – lived intangibles\"}],\"order\":11,\"text\":\"Finite – Lived Intangibles\\nPatents & technology\\nOther intangibles (primarily customer relationships)\\nTotal finite – lived intangibles\"},{\"bbox\":[69.5,654.8,253.5,682.3],\"lines\":[{\"bbox\":[69.5,654.8,244.8,667.1],\"text\":\"Indefinite – Lived Intangibles\"},{\"bbox\":[102.8,669.8,253.5,682.3],\"text\":\"Trademarks & trade names\"}],\"order\":12,\"text\":\"Indefinite – Lived Intangibles\\nTrademarks & trade names\"},{\"bbox\":[438.2,533.4,572.6,578.8],\"lines\":[{\"bbox\":[463.2,533.4,547.7,542.8],\"text\":\"December 31, 2009\"},{\"bbox\":[445.8,546.1,471.9,555.4],\"text\":\"Gross\"},{\"bbox\":[438.2,557.8,479.3,567.1],\"text\":\"Carrying\"},{\"bbox\":[512.8,557.8,571.9,567.1],\"text\":\"Accumulated\"},{\"bbox\":[440.5,569.4,477.0,578.8],\"text\":\"Amount\"},{\"bbox\":[512.8,569.4,572.6,578.8],\"text\":\"Amortization\"}],\"order\":13,\"text\":\"December 31, 2009\\nGross\\nCarrying\\nAccumulated\\nAmount\\nAmortization\"},{\"bbox\":[613.8,533.4,748.3,578.8],\"lines\":[{\"bbox\":[638.8,533.4,723.3,542.8],\"text\":\"December 31, 2008\"},{\"bbox\":[621.5,546.1,647.5,555.4],\"text\":\"Gross\"},{\"bbox\":[613.8,557.8,655.0,567.1],\"text\":\"Carrying\"},{\"bbox\":[688.8,557.8,747.9,567.1],\"text\":\"Accumulated\"},{\"bbox\":[616.2,569.4,652.6,578.8],\"text\":\"Amount\"},{\"bbox\":[688.5,569.4,748.3,578.8],\"text\":\"Amortization\"}],\"order\":14,\"text\":\"December 31, 2008\\nGross\\nCarrying\\nAccumulated\\nAmount\\nAmortization\"},{\"bbox\":[438.2,597.8,445.0,610.3],\"lines\":[{\"bbox\":[438.2,597.8,445.0,610.3],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[547.2,597.8,577.4,643.3],\"lines\":[{\"bbox\":[547.2,597.8,577.4,610.3],\"text\":\"(215)\"},{\"bbox\":[547.2,613.1,577.4,625.6],\"text\":\"(338)\"},{\"bbox\":[547.2,630.8,577.4,643.3],\"text\":\"(553)\"}],\"order\":16,\"text\":\"(215)\\n(338)\\n(553)\"},{\"bbox\":[613.8,597.8,620.7,610.3],\"lines\":[{\"bbox\":[613.8,597.8,620.7,610.3],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[547.2,669.8,577.4,699.9],\"lines\":[{\"bbox\":[551.8,669.8,565.5,682.3],\"text\":\"—\"},{\"bbox\":[547.2,687.4,577.4,699.9],\"text\":\"(553)\"}],\"order\":18,\"text\":\"—\\n(553)\"},{\"bbox\":[613.8,669.8,655.0,699.9],\"lines\":[{\"bbox\":[624.2,669.8,655.0,682.3],\"text\":\"1,178\"},{\"bbox\":[613.8,687.4,655.0,699.9],\"text\":\"$ 2,910\"}],\"order\":19,\"text\":\"1,178\\n$ 2,910\"},{\"bbox\":[448.2,597.8,479.3,643.3],\"lines\":[{\"bbox\":[458.8,597.8,479.3,610.3],\"text\":\"597\"},{\"bbox\":[448.2,613.1,479.0,625.6],\"text\":\"1,354\"},{\"bbox\":[448.2,630.8,479.0,643.3],\"text\":\"1,951\"}],\"order\":20,\"text\":\"597\\n1,354\\n1,951\"},{\"bbox\":[438.2,669.8,479.0,699.9],\"lines\":[{\"bbox\":[448.2,669.8,479.0,682.3],\"text\":\"1,258\"},{\"bbox\":[438.2,687.4,479.0,699.9],\"text\":\"$ 3,209\"}],\"order\":21,\"text\":\"1,258\\n$ 3,209\"},{\"bbox\":[512.8,597.8,519.7,610.3],\"lines\":[{\"bbox\":[512.8,597.8,519.7,610.3],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[512.8,687.4,519.7,699.9],\"lines\":[{\"bbox\":[512.8,687.4,519.7,699.9],\"text\":\"$\"}],\"order\":23,\"text\":\"$\"},{\"bbox\":[624.2,597.8,655.0,643.3],\"lines\":[{\"bbox\":[634.5,597.8,655.0,610.3],\"text\":\"494\"},{\"bbox\":[624.2,613.1,655.0,625.6],\"text\":\"1,238\"},{\"bbox\":[624.2,630.8,655.0,643.3],\"text\":\"1,732\"}],\"order\":24,\"text\":\"494\\n1,238\\n1,732\"},{\"bbox\":[688.5,597.8,695.3,610.3],\"lines\":[{\"bbox\":[688.5,597.8,695.3,610.3],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[688.5,687.4,695.3,699.9],\"lines\":[{\"bbox\":[688.5,687.4,695.3,699.9],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[723.2,597.8,753.1,643.3],\"lines\":[{\"bbox\":[723.2,597.8,753.1,610.3],\"text\":\"(143)\"},{\"bbox\":[723.2,613.1,753.1,625.6],\"text\":\"(248)\"},{\"bbox\":[723.2,630.8,753.1,643.3],\"text\":\"(391)\"}],\"order\":27,\"text\":\"(143)\\n(248)\\n(391)\"},{\"bbox\":[723.2,669.8,753.1,699.9],\"lines\":[{\"bbox\":[727.5,669.8,741.2,682.3],\"text\":\"—\"},{\"bbox\":[723.2,687.4,753.1,699.9],\"text\":\"(391)\"}],\"order\":28,\"text\":\"—\\n(391)\"},{\"bbox\":[39.5,719.4,769.3,762.6],\"lines\":[{\"bbox\":[39.5,719.4,769.0,731.9],\"text\":\"Total intangible amortization expense in 2009, 2008 and 2007 was $157 million, $145 million and $95 million, respectively. Based\"},{\"bbox\":[39.5,734.8,769.3,747.3],\"text\":\"on the intangible assets recorded as of December 31, 2009, amortization expense is estimated to be $166 million during 2010, $158\"},{\"bbox\":[39.5,750.1,621.9,762.6],\"text\":\"million during 2011, $150 million during 2012, $142 million during 2013 and $135 million during 2014.\"}],\"order\":29,\"text\":\"Total intangible amortization expense in 2009, 2008 and 2007 was $157 million, $145 million and $95 million, respectively. Based\\non the intangible assets recorded as of December 31, 2009, amortization expense is estimated to be $166 million during 2010, $158\\nmillion during 2011, $150 million during 2012, $142 million during 2013 and $135 million during 2014.\"},{\"bbox\":[406.2,777.1,419.7,789.6],\"lines\":[{\"bbox\":[406.2,777.1,419.7,789.6],\"text\":\"77\"}],\"order\":30,\"text\":\"77\"}],\"doc\":\"fintabnet:DHR_2009\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"The following table shows the rollforward of goodwill reflected in the financial statements resulting from the Company’s acquisition\\nactivities for 2007, 2008, and 2009 ($ in millions).\\n\\n|  Balance January 1, 2007 | $6,560 |\\n| --- | --- |\\n| Attributable to 2007 acquisitions | 2,455 |\\n| Adjustments due to finalization of purchase price allocations | (12) |\\n| Effect of foreign currency translation | 238 |\\n|  Balance December 31, 2007 | $9,241 |\\n| Attributable to 2008 acquisitions | 265 |\\n| Adjustments due to finalization of purchase price allocations | (20) |\\n| Effect of foreign currency translation | (275) |\\n|  Balance December 31, 2008 | $9,211 |\\n| Attributable to 2009 acquisitions | 423 |\\n| Adjustments due to finalization of purchase price allocations | (21) |\\n| Effect of foreign currency translation | 205 |\\n|  Balance December 31, 2009 | $9,818 |\\n\\nThe carrying value of goodwill by segment as of December 31 is summarized as follows ($ in millions):\\n\\n|  Segment |  2009 |  2008 |\\n| --- | --- | --- |\\n| Professional Instrumentation | $4,028 | $3,802 |\\n| Medical Technologies | 3,555 | 3,242 |\\n| Industrial Technologies | 2,041 | 1,973 |\\n| Tools & Components | 194 | 194 |\\n|  | $9,818 | $9,211 |\\n\\nIntangible assets are amortized over their legal or estimated useful life. The following summarizes the gross carrying value and\\naccumulated amortization for each major category of intangible asset ($ in millions):\\n\\n|  | December 31, 2009 |  | December 31, 2008 |  |\\n| --- | --- | --- | --- | --- |\\n|  |  Gross Carrying Amount | Accumulated Amortization |  Gross Carrying Amount | Accumulated Amortization |\\n|  Finite – Lived Intangibles |  |  |  |  |\\n| Patents & technology | $597 | $(215) | $494 | $(143) |\\n| Other intangibles (primarily customer relationships) | 1,354 | (338) | 1,238 | (248) |\\n| Total finite – lived intangibles | 1,951 | (553) | 1,732 | (391) |\\n|  Indefinite – Lived Intangibles |  |  |  |  |\\n| Trademarks & trade names | 1,258 | — | 1,178 | — |\\n|  | $3,209 | $(553) | $2,910 | $(391) |\\n\\nTotal intangible amortization expense in 2009, 2008 and 2007 was $157 million, $145 million and $95 million, respectively. Based\\non the intangible assets recorded as of December 31, 2009, amortization expense is estimated to be $166 million during 2010, $158\\nmillion during 2011, $150 million during 2012, $142 million during 2013 and $135 million during 2014.\\n\\n77\",\"name\":\"fintabnet.DHR_2009_page_88__100dpi_none\",\"page_id\":\"fintabnet.DHR_2009_page_88\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"DHR_2009_page_88\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[159.2,121.3,666.6,330.9],\"block_orders\":[1,2],\"cells\":[{\"bbox\":[159.2,125.4,304.0,139.1],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\" Balance January 1, 2007\"},{\"bbox\":[620.5,125.3,658.3,139.0],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"$6,560\"},{\"bbox\":[192.5,140.6,374.8,154.3],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Attributable to 2007 acquisitions\"},{\"bbox\":[627.5,140.6,658.3,154.3],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2,455\"},{\"bbox\":[192.5,156.3,529.7,170.0],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Adjustments due to finalization of purchase price allocations\"},{\"bbox\":[640.5,156.3,663.4,170.0],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"(12)\"},{\"bbox\":[192.5,171.6,398.9,185.3],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Effect of foreign currency translation\"},{\"bbox\":[638.2,171.6,658.7,185.3],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"238\"},{\"bbox\":[159.2,189.1,321.6,202.8],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\" Balance December 31, 2007\"},{\"bbox\":[620.5,188.9,658.3,202.6],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"$9,241\"},{\"bbox\":[192.5,204.3,374.8,218.0],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Attributable to 2008 acquisitions\"},{\"bbox\":[638.2,204.3,658.7,218.0],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"265\"},{\"bbox\":[192.5,219.9,529.7,233.6],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Adjustments due to finalization of purchase price allocations\"},{\"bbox\":[640.5,219.9,663.4,233.6],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"(20)\"},{\"bbox\":[192.5,235.3,398.9,249.0],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Effect of foreign currency translation\"},{\"bbox\":[633.5,235.3,663.4,249.0],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"(275)\"},{\"bbox\":[159.2,252.8,321.6,266.5],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\" Balance December 31, 2008\"},{\"bbox\":[620.5,252.6,658.3,266.3],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"$9,211\"},{\"bbox\":[192.5,267.9,374.8,281.6],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Attributable to 2009 acquisitions\"},{\"bbox\":[638.2,267.9,658.7,281.6],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"423\"},{\"bbox\":[192.5,283.6,529.7,297.3],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Adjustments due to finalization of purchase price allocations\"},{\"bbox\":[640.5,283.6,663.4,297.3],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"(21)\"},{\"bbox\":[192.5,298.9,398.9,312.6],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"Effect of foreign currency translation\"},{\"bbox\":[638.2,298.9,658.7,312.6],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"205\"},{\"bbox\":[159.2,316.4,321.6,330.1],\"c0\":0,\"c1\":0,\"r0\":12,\"r1\":12,\"text\":\" Balance December 31, 2009\"},{\"bbox\":[620.5,316.3,658.3,330.0],\"c0\":1,\"c1\":1,\"r0\":12,\"r1\":12,\"text\":\"$9,818\"}]},{\"bbox\":[129.2,376.9,696.3,468.9],\"block_orders\":[4,5,6,7,8,9],\"cells\":[{\"bbox\":[129.2,379.4,167.3,389.8],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\" Segment\"},{\"bbox\":[607.2,378.4,628.0,388.8],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\" 2009\"},{\"bbox\":[667.2,378.4,688.0,388.8],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\" 2008\"},{\"bbox\":[129.2,391.3,289.0,405.0],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Professional Instrumentation\"},{\"bbox\":[598.5,391.3,636.3,405.0],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"$4,028\"},{\"bbox\":[658.5,391.3,696.3,405.0],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"$3,802\"},{\"bbox\":[129.2,406.6,252.8,420.3],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Medical Technologies\"},{\"bbox\":[605.5,406.6,636.3,420.3],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"3,555\"},{\"bbox\":[665.5,406.6,696.3,420.3],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"3,242\"},{\"bbox\":[129.2,422.3,260.5,436.0],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Industrial Technologies\"},{\"bbox\":[605.5,422.3,636.3,436.0],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"2,041\"},{\"bbox\":[665.5,422.3,696.3,436.0],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"1,973\"},{\"bbox\":[129.2,437.6,248.5,451.3],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Tools & Components\"},{\"bbox\":[615.8,437.6,636.3,451.3],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"194\"},{\"bbox\":[675.8,437.6,696.3,451.3],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"194\"},{\"bbox\":[598.5,454.9,636.3,468.6],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"$9,818\"},{\"bbox\":[658.5,454.9,696.3,468.6],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"$9,211\"}]},{\"bbox\":[69.5,530.9,756.3,699.9],\"block_orders\":[11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28],\"cells\":[{\"bbox\":[463.2,532.4,547.7,542.8],\"c0\":1,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\"December 31, 2009\"},{\"bbox\":[638.8,532.4,723.4,542.8],\"c0\":3,\"c1\":4,\"r0\":0,\"r1\":0,\"text\":\"December 31, 2008\"},{\"bbox\":[438.2,545.1,479.3,578.8],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\" Gross Carrying Amount\"},{\"bbox\":[512.8,556.8,572.6,578.8],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"Accumulated Amortization\"},{\"bbox\":[613.8,545.1,655.0,578.8],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\" Gross Carrying Amount\"},{\"bbox\":[688.5,556.8,748.3,578.8],\"c0\":4,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\"Accumulated Amortization\"},{\"bbox\":[69.5,579.2,226.0,595.9],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\" Finite – Lived Intangibles\"},{\"bbox\":[102.8,594.6,226.7,611.3],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Patents & technology\"},{\"bbox\":[438.2,596.6,479.3,610.3],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"$597\"},{\"bbox\":[512.8,596.6,577.4,610.3],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"$(215)\"},{\"bbox\":[613.8,596.6,655.0,610.3],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"$494\"},{\"bbox\":[688.5,596.6,753.1,610.3],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\"$(143)\"},{\"bbox\":[102.8,611.9,392.0,625.6],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Other intangibles (primarily customer relationships)\"},{\"bbox\":[448.2,611.9,479.0,625.6],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"1,354\"},{\"bbox\":[547.2,611.9,577.4,625.6],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"(338)\"},{\"bbox\":[624.2,611.9,655.0,625.6],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"1,238\"},{\"bbox\":[723.2,611.9,753.1,625.6],\"c0\":4,\"c1\":4,\"r0\":4,\"r1\":4,\"text\":\"(248)\"},{\"bbox\":[69.5,627.2,241.7,643.9],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Total finite – lived intangibles\"},{\"bbox\":[448.2,629.6,479.0,643.3],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"1,951\"},{\"bbox\":[547.2,629.6,577.4,643.3],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"(553)\"},{\"bbox\":[624.2,629.6,655.0,643.3],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"1,732\"},{\"bbox\":[723.2,629.6,753.1,643.3],\"c0\":4,\"c1\":4,\"r0\":5,\"r1\":5,\"text\":\"(391)\"},{\"bbox\":[69.5,651.2,249.3,667.9],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\" Indefinite – Lived Intangibles\"},{\"bbox\":[102.8,666.6,257.7,683.3],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Trademarks & trade names\"},{\"bbox\":[448.2,668.6,479.0,682.3],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"1,258\"},{\"bbox\":[551.8,668.6,565.5,682.3],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"—\"},{\"bbox\":[624.2,668.6,655.0,682.3],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"1,178\"},{\"bbox\":[727.5,668.6,741.2,682.3],\"c0\":4,\"c1\":4,\"r0\":7,\"r1\":7,\"text\":\"—\"},{\"bbox\":[438.2,686.3,479.0,700.0],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"$3,209\"},{\"bbox\":[512.8,686.3,577.4,700.0],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"$(553)\"},{\"bbox\":[613.8,686.3,655.0,700.0],\"c0\":3,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"$2,910\"},{\"bbox\":[688.5,686.3,753.1,700.0],\"c0\":4,\"c1\":4,\"r0\":8,\"r1\":8,\"text\":\"$(391)\"}]}],\"text\":\"The following table shows the rollforward of goodwill reflected in the financial statements resulting from the Company’s acquisition\\nactivities for 2007, 2008, and 2009 ($ in millions).\\n\\n$6,560\\n2,455\\n(12)\\n238\\n$9,241\\n265\\n(20)\\n(275)\\n$9,211\\n423\\n(21)\\n205\\n$9,818\\n\\nBalance January 1, 2007\\nAttributable to 2007 acquisitions\\nAdjustments due to finalization of purchase price allocations\\nEffect of foreign currency translation\\nBalance December 31, 2007\\nAttributable to 2008 acquisitions\\nAdjustments due to finalization of purchase price allocations\\nEffect of foreign currency translation\\nBalance December 31, 2008\\nAttributable to 2009 acquisitions\\nAdjustments due to finalization of purchase price allocations\\nEffect of foreign currency translation\\nBalance December 31, 2009\\n\\nThe carrying value of goodwill by segment as of December 31 is summarized as follows ($ in millions):\\n\\nSegment\\n\\nProfessional Instrumentation\\nMedical Technologies\\nIndustrial Technologies\\nTools & Components\\n\\n2009\\n\\n2008\\n\\n$4,028\\n3,555\\n2,041\\n194\\n$9,818\\n\\n$3,802\\n3,242\\n1,973\\n194\\n$9,211\\n\\nIntangible assets are amortized over their legal or estimated useful life. The following summarizes the gross carrying value and\\naccumulated amortization for each major category of intangible asset ($ in millions):\\n\\nFinite – Lived Intangibles\\nPatents & technology\\nOther intangibles (primarily customer relationships)\\nTotal finite – lived intangibles\\n\\nIndefinite – Lived Intangibles\\nTrademarks & trade names\\n\\nDecember 31, 2009\\nGross\\nCarrying\\nAccumulated\\nAmount\\nAmortization\\n\\nDecember 31, 2008\\nGross\\nCarrying\\nAccumulated\\nAmount\\nAmortization\\n\\n$\\n\\n(215)\\n(338)\\n(553)\\n\\n$\\n\\n—\\n(553)\\n\\n1,178\\n$ 2,910\\n\\n597\\n1,354\\n1,951\\n\\n1,258\\n$ 3,209\\n\\n$\\n\\n$\\n\\n494\\n1,238\\n1,732\\n\\n$\\n\\n$\\n\\n(143)\\n(248)\\n(391)\\n\\n—\\n(391)\\n\\nTotal intangible amortization expense in 2009, 2008 and 2007 was $157 million, $145 million and $95 million, respectively. Based\\non the intangible assets recorded as of December 31, 2009, amortization expense is estimated to be $166 million during 2010, $158\\nmillion during 2011, $150 million during 2012, $142 million during 2013 and $135 million during 2014.\\n\\n77\"},\"name\":\"fintabnet.DHR_2009_page_88__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":63243,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:DHR_2009\",\"dpi\":100,\"gt_sha256\":\"e78eb72f9dfb169ba33ad240a4f526335d5c31b3fdf9cd0f650ff0b5d9e18dbb\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DHR_2009_page_88__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.DHR_2009_page_88\",\"pdf_sha256\":\"8757c523e74c79bdd072365e8a94d35fd04894adc322bb78a5fef894bf592420\",\"px\":[850,1100],\"scan\":{\"render\":\"00007ff81ff81fd81fd83ef838187fec78fc7efc7ffe00000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"DHR_2009_page_88\",\"src\":{\"file_sha256\":\"03481614d46e58d19abcb58cfd08060b689e593be9552be02773f77c0e47de63\",\"render\":\"00007ff81fd81fd81fd83ff838187ffc7efc78fc7ffe00000000000000000000\",\"text\":\"443e4e82dd347940b7cc624127f69688d014254eb1661d612cd3d0184b881208\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"8757c523e74c79bdd072365e8a94d35fd04894adc322bb78a5fef894bf592420\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/8757c523e74c79bdd072365e8a94d35fd04894adc322bb78a5fef894bf592420.pdf","asset_sha256":"8757c523e74c79bdd072365e8a94d35fd04894adc322bb78a5fef894bf592420","document_id":"fintabnet:DHR_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2009_page_88\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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The following\"},{\"bbox\":[55.0,230.5,333.7,250.9],\"text\":\"factors impacted year-over-year operating profit margin comparisons.\"}],\"order\":10,\"text\":\"Operating profit margins were 15.0% for the year ended December 31, 2015 as compared to 15.9% in 2014. The following\\nfactors impacted year-over-year operating profit margin comparisons.\"},{\"bbox\":[72.3,252.1,394.7,273.9],\"lines\":[{\"bbox\":[72.3,252.1,394.7,273.9],\"text\":\"2015 vs. 2014 operating profit margin comparisons were favorably impacted by:\"}],\"order\":11,\"text\":\"2015 vs. 2014 operating profit margin comparisons were favorably impacted by:\"},{\"bbox\":[71.6,273.1,75.5,284.3],\"lines\":[{\"bbox\":[71.6,273.1,75.5,284.3],\"text\":\"•\"}],\"order\":12,\"text\":\"•\"},{\"bbox\":[88.4,273.7,557.1,336.3],\"lines\":[{\"bbox\":[89.6,273.7,556.4,300.3],\"text\":\"Higher 2015 sales volumes from existing businesses and incremental year-over-year cost savings associated with the\"},{\"bbox\":[89.2,285.7,556.7,312.4],\"text\":\"restructuring actions and continuing productivity improvement initiatives taken in 2015 and 2014, net of incremental\"},{\"bbox\":[88.8,297.7,550.1,324.1],\"text\":\"year-over-year costs associated with various product development, sales and marketing growth investments and the\"},{\"bbox\":[88.4,309.7,310.9,328.2],\"text\":\"effect of a stronger U.S. dollar in 2015 - 85 basis points\"}],\"order\":13,\"text\":\"Higher 2015 sales volumes from existing businesses and incremental year-over-year cost savings associated with the\\nrestructuring actions and continuing productivity improvement initiatives taken in 2015 and 2014, net of incremental\\nyear-over-year costs associated with various product development, sales and marketing growth investments and the\\neffect of a stronger U.S. dollar in 2015 - 85 basis points\"},{\"bbox\":[69.7,330.1,73.6,341.3],\"lines\":[{\"bbox\":[69.7,330.1,73.6,341.3],\"text\":\"•\"}],\"order\":14,\"text\":\"•\"},{\"bbox\":[87.3,330.7,562.9,369.6],\"lines\":[{\"bbox\":[87.7,330.7,562.9,357.6],\"text\":\"Lower year-over-year costs associated with restructuring actions and continuing productivity improvement initiatives -\"},{\"bbox\":[87.3,342.7,147.1,355.7],\"text\":\"30 basis points\"}],\"order\":15,\"text\":\"Lower year-over-year costs associated with restructuring actions and continuing productivity improvement initiatives -\\n30 basis points\"},{\"bbox\":[68.6,363.1,401.0,385.2],\"lines\":[{\"bbox\":[68.6,363.1,401.0,385.2],\"text\":\"2015 vs. 2014 operating profit margin comparisons were unfavorably impacted by:\"}],\"order\":16,\"text\":\"2015 vs. 2014 operating profit margin comparisons were unfavorably impacted by:\"},{\"bbox\":[67.9,384.1,71.8,395.2],\"lines\":[{\"bbox\":[67.9,384.1,71.8,395.2],\"text\":\"•\"}],\"order\":17,\"text\":\"•\"},{\"bbox\":[85.1,384.7,556.7,435.4],\"lines\":[{\"bbox\":[85.9,384.7,528.0,410.5],\"text\":\"Acquisition-related charges in 2015 associated with the acquisition of Pall, including transaction costs deemed\"},{\"bbox\":[85.5,396.7,556.3,423.4],\"text\":\"significant, change in control payments, and fair value adjustments to acquired inventory and deferred revenue, net of\"},{\"bbox\":[85.1,408.7,343.0,428.3],\"text\":\"the positive impact of freezing pension benefits - 90 basis points\"}],\"order\":18,\"text\":\"Acquisition-related charges in 2015 associated with the acquisition of Pall, including transaction costs deemed\\nsignificant, change in control payments, and fair value adjustments to acquired inventory and deferred revenue, net of\\nthe positive impact of freezing pension benefits - 90 basis points\"},{\"bbox\":[66.4,429.0,70.3,440.2],\"lines\":[{\"bbox\":[66.4,429.0,70.3,440.2],\"text\":\"•\"}],\"order\":19,\"text\":\"•\"},{\"bbox\":[84.0,429.6,536.2,467.7],\"lines\":[{\"bbox\":[84.4,429.6,536.2,455.8],\"text\":\"The incremental net dilutive effect in 2015 of acquired businesses, including Pall, net of the positive effect of the\"},{\"bbox\":[84.0,441.6,361.6,461.9],\"text\":\"product line disposition in the third quarter of 2014 - 115 basis points\"}],\"order\":20,\"text\":\"The incremental net dilutive effect in 2015 of acquired businesses, including Pall, net of the positive effect of the\\nproduct line disposition in the third quarter of 2014 - 115 basis points\"},{\"bbox\":[47.3,461.4,127.4,475.1],\"lines\":[{\"bbox\":[47.3,461.4,127.4,475.1],\"text\":\"Business Segments\"}],\"order\":21,\"text\":\"Business Segments\"},{\"bbox\":[46.6,482.4,408.1,505.5],\"lines\":[{\"bbox\":[46.6,482.4,408.1,505.5],\"text\":\"Sales by business segment for the years ended December 31 are as follows ($ in millions):\"}],\"order\":22,\"text\":\"Sales by business segment for the years ended December 31 are as follows ($ in millions):\"},{\"bbox\":[379.0,523.6,395.3,532.9],\"lines\":[{\"bbox\":[379.0,523.6,395.3,532.9],\"text\":\"2016\"}],\"order\":23,\"text\":\"2016\"},{\"bbox\":[46.2,524.4,193.2,600.3],\"lines\":[{\"bbox\":[48.2,524.4,102.7,537.3],\"text\":\"Life Sciences\"},{\"bbox\":[47.7,539.4,95.3,552.0],\"text\":\"Diagnostics\"},{\"bbox\":[47.2,554.4,74.2,566.4],\"text\":\"Dental\"},{\"bbox\":[46.7,569.4,191.7,585.3],\"text\":\"Environmental & Applied Solutions\"},{\"bbox\":[46.2,584.4,67.7,596.1],\"text\":\"Total\"}],\"order\":24,\"text\":\"Life Sciences\\nDiagnostics\\nDental\\nEnvironmental & Applied Solutions\\nTotal\"},{\"bbox\":[357.0,535.6,362.4,546.8],\"lines\":[{\"bbox\":[357.0,535.6,362.4,546.8],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[355.0,595.6,360.4,606.8],\"lines\":[{\"bbox\":[355.0,595.6,360.4,606.8],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[378.6,536.4,416.0,608.6],\"lines\":[{\"bbox\":[385.6,536.6,416.0,548.6],\"text\":\"5,365.9\"},{\"bbox\":[385.1,551.6,415.5,563.6],\"text\":\"5,038.3\"},{\"bbox\":[384.6,566.5,415.0,578.6],\"text\":\"2,785.4\"},{\"bbox\":[384.1,581.5,414.5,593.6],\"text\":\"3,692.8\"},{\"bbox\":[378.6,596.4,414.0,608.6],\"text\":\"16,882.4\"}],\"order\":27,\"text\":\"5,365.9\\n5,038.3\\n2,785.4\\n3,692.8\\n16,882.4\"},{\"bbox\":[448.0,525.9,464.2,535.2],\"lines\":[{\"bbox\":[448.0,525.9,464.2,535.2],\"text\":\"2015\"}],\"order\":28,\"text\":\"2015\"},{\"bbox\":[426.0,537.9,431.3,549.1],\"lines\":[{\"bbox\":[426.0,537.9,431.3,549.1],\"text\":\"$\"}],\"order\":29,\"text\":\"$\"},{\"bbox\":[424.0,597.9,429.3,609.1],\"lines\":[{\"bbox\":[424.0,597.9,429.3,609.1],\"text\":\"$\"}],\"order\":30,\"text\":\"$\"},{\"bbox\":[447.6,538.7,485.0,610.9],\"lines\":[{\"bbox\":[454.6,538.9,485.0,550.9],\"text\":\"3,314.6\"},{\"bbox\":[454.1,553.9,484.5,565.9],\"text\":\"4,832.5\"},{\"bbox\":[453.6,568.8,484.0,580.9],\"text\":\"2,736.8\"},{\"bbox\":[453.1,583.8,483.5,595.9],\"text\":\"3,549.8\"},{\"bbox\":[447.6,598.7,483.0,610.9],\"text\":\"14,433.7\"}],\"order\":31,\"text\":\"3,314.6\\n4,832.5\\n2,736.8\\n3,549.8\\n14,433.7\"},{\"bbox\":[516.9,528.2,533.2,537.5],\"lines\":[{\"bbox\":[516.9,528.2,533.2,537.5],\"text\":\"2014\"}],\"order\":32,\"text\":\"2014\"},{\"bbox\":[494.9,540.2,500.3,551.4],\"lines\":[{\"bbox\":[494.9,540.2,500.3,551.4],\"text\":\"$\"}],\"order\":33,\"text\":\"$\"},{\"bbox\":[492.9,600.2,498.3,611.4],\"lines\":[{\"bbox\":[492.9,600.2,498.3,611.4],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[516.6,541.0,553.9,613.2],\"lines\":[{\"bbox\":[523.6,541.2,553.9,553.2],\"text\":\"2,511.5\"},{\"bbox\":[523.1,556.2,553.4,568.2],\"text\":\"4,618.8\"},{\"bbox\":[522.6,571.1,552.9,583.2],\"text\":\"2,193.1\"},{\"bbox\":[522.1,586.1,552.4,598.2],\"text\":\"3,543.5\"},{\"bbox\":[516.6,601.0,551.9,613.2],\"text\":\"12,866.9\"}],\"order\":35,\"text\":\"2,511.5\\n4,618.8\\n2,193.1\\n3,543.5\\n12,866.9\"},{\"bbox\":[42.1,618.3,118.3,631.9],\"lines\":[{\"bbox\":[42.1,618.3,118.3,631.9],\"text\":\"LIFE SCIENCES\"}],\"order\":36,\"text\":\"LIFE SCIENCES\"},{\"bbox\":[39.9,635.3,551.7,711.4],\"lines\":[{\"bbox\":[41.5,635.3,529.4,662.6],\"text\":\"The Company’s Life Sciences segment offers a broad range of research tools that scientists use to study the basic building\"},{\"bbox\":[41.1,647.3,522.0,674.4],\"text\":\"blocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new\"},{\"bbox\":[40.7,659.3,525.5,686.5],\"text\":\"therapies and test new drugs and vaccines. The segment, through its Pall business, is also a leading provider of filtration,\"},{\"bbox\":[40.3,671.3,550.5,699.4],\"text\":\"separation and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics and\"},{\"bbox\":[39.9,683.3,142.7,697.8],\"text\":\"general industrial sectors.\"}],\"order\":37,\"text\":\"The Company’s Life Sciences segment offers a broad range of research tools that scientists use to study the basic building\\nblocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new\\ntherapies and test new drugs and vaccines. The segment, through its Pall business, is also a leading provider of filtration,\\nseparation and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics and\\ngeneral industrial sectors.\"},{\"bbox\":[288.8,751.1,299.2,762.5],\"lines\":[{\"bbox\":[288.8,751.1,299.2,762.5],\"text\":\"32\"}],\"order\":38,\"text\":\"32\"}],\"doc\":\"fintabnet:DHR_2016\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"•\\n\\nAcquisition-related charges in the first quarter of 2015 associated with the acquisition of Nobel Biocare, primarily\\nrelated to fair value adjustments to acquired inventory - 15 basis points\\n\\n•\\n\\nThe 2016 gains on resolution of acquisition-related matters - 10 basis points\\n\\n2016 vs. 2015 operating profit margin comparisons were unfavorably impacted by:\\n\\n•\\n\\nAcquisition-related charges in 2016 associated primarily with the acquisition of Cepheid, including transaction costs\\ndeemed significant, change in control and restructuring payments, and fair value adjustments to acquired inventory\\nand deferred revenue - 50 basis points\\n\\n•\\n\\nThe incremental net dilutive effect in 2016 of acquired businesses - 50 basis points\\n\\nThe Company deems acquisition-related transaction costs incurred in a given period to be significant (generally relating to the\\nCompany’s larger acquisitions) if it determines that such costs exceed the range of acquisition-related transaction costs typical\\nfor the Company in a given period.\\n\\nOperating profit margins were 15.0% for the year ended December 31, 2015 as compared to 15.9% in 2014. The following\\nfactors impacted year-over-year operating profit margin comparisons.\\n\\n2015 vs. 2014 operating profit margin comparisons were favorably impacted by:\\n\\n•\\n\\nHigher 2015 sales volumes from existing businesses and incremental year-over-year cost savings associated with the\\nrestructuring actions and continuing productivity improvement initiatives taken in 2015 and 2014, net of incremental\\nyear-over-year costs associated with various product development, sales and marketing growth investments and the\\neffect of a stronger U.S. dollar in 2015 - 85 basis points\\n\\n•\\n\\nLower year-over-year costs associated with restructuring actions and continuing productivity improvement initiatives -\\n30 basis points\\n\\n2015 vs. 2014 operating profit margin comparisons were unfavorably impacted by:\\n\\n•\\n\\nAcquisition-related charges in 2015 associated with the acquisition of Pall, including transaction costs deemed\\nsignificant, change in control payments, and fair value adjustments to acquired inventory and deferred revenue, net of\\nthe positive impact of freezing pension benefits - 90 basis points\\n\\n•\\n\\nThe incremental net dilutive effect in 2015 of acquired businesses, including Pall, net of the positive effect of the\\nproduct line disposition in the third quarter of 2014 - 115 basis points\\n\\nBusiness Segments\\n\\nSales by business segment for the years ended December 31 are as follows ($ in millions):\\n\\n2016\\n\\nLife Sciences\\nDiagnostics\\nDental\\nEnvironmental & Applied Solutions\\nTotal\\n\\n$\\n\\n$\\n\\n5,365.9\\n5,038.3\\n2,785.4\\n3,692.8\\n16,882.4\\n\\n2015\\n\\n$\\n\\n$\\n\\n3,314.6\\n4,832.5\\n2,736.8\\n3,549.8\\n14,433.7\\n\\n2014\\n\\n$\\n\\n$\\n\\n2,511.5\\n4,618.8\\n2,193.1\\n3,543.5\\n12,866.9\\n\\nLIFE SCIENCES\\n\\nThe Company’s Life Sciences segment offers a broad range of research tools that scientists use to study the basic building\\nblocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new\\ntherapies and test new drugs and vaccines. The segment, through its Pall business, is also a leading provider of filtration,\\nseparation and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics and\\ngeneral industrial sectors.\\n\\n32\",\"name\":\"fintabnet.DHR_2016_page_52__72dpi_medium\",\"page_id\":\"fintabnet.DHR_2016_page_52\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.909,\"source\":\"fintabnet\",\"source_id\":\"DHR_2016_page_52\",\"stack\":[{\"deg\":-1.909,\"op\":\"skew\"},{\"amp\":0.144,\"angle\":13.4,\"blob\":0.372,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":3.188,\"op\":\"blur\"},{\"gain\":0.767,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":50}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[46.2,512.5,554.3,613.2],\"block_orders\":[23,24,25,26,27,28,29,30,31,32,33,34,35],\"cells\":null}],\"text\":\"•\\n\\nAcquisition-related charges in the first quarter of 2015 associated with the acquisition of Nobel Biocare, primarily\\nrelated to fair value adjustments to acquired inventory - 15 basis points\\n\\n•\\n\\nThe 2016 gains on resolution of acquisition-related matters - 10 basis points\\n\\n2016 vs. 2015 operating profit margin comparisons were unfavorably impacted by:\\n\\n•\\n\\nAcquisition-related charges in 2016 associated primarily with the acquisition of Cepheid, including transaction costs\\ndeemed significant, change in control and restructuring payments, and fair value adjustments to acquired inventory\\nand deferred revenue - 50 basis points\\n\\n•\\n\\nThe incremental net dilutive effect in 2016 of acquired businesses - 50 basis points\\n\\nThe Company deems acquisition-related transaction costs incurred in a given period to be significant (generally relating to the\\nCompany’s larger acquisitions) if it determines that such costs exceed the range of acquisition-related transaction costs typical\\nfor the Company in a given period.\\n\\nOperating profit margins were 15.0% for the year ended December 31, 2015 as compared to 15.9% in 2014. The following\\nfactors impacted year-over-year operating profit margin comparisons.\\n\\n2015 vs. 2014 operating profit margin comparisons were favorably impacted by:\\n\\n•\\n\\nHigher 2015 sales volumes from existing businesses and incremental year-over-year cost savings associated with the\\nrestructuring actions and continuing productivity improvement initiatives taken in 2015 and 2014, net of incremental\\nyear-over-year costs associated with various product development, sales and marketing growth investments and the\\neffect of a stronger U.S. dollar in 2015 - 85 basis points\\n\\n•\\n\\nLower year-over-year costs associated with restructuring actions and continuing productivity improvement initiatives -\\n30 basis points\\n\\n2015 vs. 2014 operating profit margin comparisons were unfavorably impacted by:\\n\\n•\\n\\nAcquisition-related charges in 2015 associated with the acquisition of Pall, including transaction costs deemed\\nsignificant, change in control payments, and fair value adjustments to acquired inventory and deferred revenue, net of\\nthe positive impact of freezing pension benefits - 90 basis points\\n\\n•\\n\\nThe incremental net dilutive effect in 2015 of acquired businesses, including Pall, net of the positive effect of the\\nproduct line disposition in the third quarter of 2014 - 115 basis points\\n\\nBusiness Segments\\n\\nSales by business segment for the years ended December 31 are as follows ($ in millions):\\n\\n2016\\n\\nLife Sciences\\nDiagnostics\\nDental\\nEnvironmental & Applied Solutions\\nTotal\\n\\n$\\n\\n$\\n\\n5,365.9\\n5,038.3\\n2,785.4\\n3,692.8\\n16,882.4\\n\\n2015\\n\\n$\\n\\n$\\n\\n3,314.6\\n4,832.5\\n2,736.8\\n3,549.8\\n14,433.7\\n\\n2014\\n\\n$\\n\\n$\\n\\n2,511.5\\n4,618.8\\n2,193.1\\n3,543.5\\n12,866.9\\n\\nLIFE SCIENCES\\n\\nThe Company’s Life Sciences segment offers a broad range of research tools that scientists use to study the basic building\\nblocks of life, including genes, proteins, metabolites and cells, in order to understand the causes of disease, identify new\\ntherapies and test new drugs and vaccines. The segment, through its Pall business, is also a leading provider of filtration,\\nseparation and purification technologies to the biopharmaceutical, food and beverage, medical, aerospace, microelectronics and\\ngeneral industrial sectors.\\n\\n32\"},\"name\":\"fintabnet.DHR_2016_page_52__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":47815,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:DHR_2016\",\"dpi\":72,\"gt_sha256\":\"7d77f6c9d4b359888095cc1195f62f8cf7373afcd40bb6f805f7fa58212bddad\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DHR_2016_page_52__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.DHR_2016_page_52\",\"pdf_sha256\":\"1a9a99d484584ceca8e819ce0fd2a3d1880f081a0a6a59dae0273f073ed5ed67\",\"px\":[612,792],\"scan\":{\"render\":\"00001fc41ffe3ffc3ffe3fec1ffe30ee0ffe200c007e603e007e7ffc00060000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"DHR_2016_page_52\",\"src\":{\"file_sha256\":\"b78987dc102c526ec935c71475ad9e8f6cda33afcde6d9d9ab9b19fe16a01a61\",\"render\":\"00003fc03ffc3fe07ffc3fc03ffc3fc03ffc2000307c783e607e7ffc00000000\",\"text\":\"6bb57cce036c1de70f2308a25c36ee0fa8621e9466fb54b91400baaad708b4b4\"},\"stack\":[{\"deg\":-1.909,\"op\":\"skew\"},{\"amp\":0.144,\"angle\":13.4,\"blob\":0.372,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":3.188,\"op\":\"blur\"},{\"gain\":0.767,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":50}],\"tools\":\"21647cade0ee\"},\"sha256\":\"1a9a99d484584ceca8e819ce0fd2a3d1880f081a0a6a59dae0273f073ed5ed67\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/1a9a99d484584ceca8e819ce0fd2a3d1880f081a0a6a59dae0273f073ed5ed67.pdf","asset_sha256":"1a9a99d484584ceca8e819ce0fd2a3d1880f081a0a6a59dae0273f073ed5ed67","document_id":"fintabnet:DHR_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DHR_2016_page_52\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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%\\n(1.5)%\\n4.0 %\"},{\"bbox\":[794.1,2086.1,823.1,2117.9],\"lines\":[{\"bbox\":[794.1,2086.1,823.1,2117.9],\"text\":\"38\"}],\"order\":33,\"text\":\"38\"},{\"bbox\":[1379.2,1784.1,1505.4,1813.9],\"lines\":[{\"bbox\":[1379.2,1784.1,1505.4,1813.9],\"text\":\"2015 vs. 2014\"}],\"order\":34,\"text\":\"2015 vs. 2014\"},{\"bbox\":[1449.3,1819.8,1531.8,1970.3],\"lines\":[{\"bbox\":[1463.4,1820.2,1531.8,1853.7],\"text\":\"4.5 %\"},{\"bbox\":[1461.8,1859.1,1530.2,1892.6],\"text\":\"2.0 %\"},{\"bbox\":[1450.9,1897.6,1528.5,1931.4],\"text\":\"(6.5)%\"},{\"bbox\":[1465.5,1937.1,1526.9,1970.3],\"text\":\"—%\"}],\"order\":35,\"text\":\"4.5 %\\n2.0 %\\n(6.5)%\\n—%\"}],\"doc\":\"fintabnet:DHR_2016\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"Operating profit margins declined 40 basis points during 2015 as compared to 2014. 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$\"}],\"order\":18,\"text\":\"(521)\\n(140)\\n(64)\\n(8)\\n(15)\\n(748)\\n(501) $\"},{\"bbox\":[722.0,607.7,757.7,740.9],\"lines\":[{\"bbox\":[726.9,607.7,757.7,624.3],\"text\":\"(421)\"},{\"bbox\":[726.1,627.1,756.9,643.7],\"text\":\"(280)\"},{\"bbox\":[725.3,646.5,756.1,663.2],\"text\":\"(131)\"},{\"bbox\":[731.4,666.3,755.2,682.6],\"text\":\"(16)\"},{\"bbox\":[730.6,685.7,754.4,702.1],\"text\":\"(31)\"},{\"bbox\":[722.8,704.8,753.6,721.5],\"text\":\"(879)\"},{\"bbox\":[722.0,724.3,752.8,740.9],\"text\":\"(564)\"}],\"order\":19,\"text\":\"(421)\\n(280)\\n(131)\\n(16)\\n(31)\\n(879)\\n(564)\"},{\"bbox\":[46.7,730.6,753.0,792.5],\"lines\":[{\"bbox\":[80.7,732.0,753.0,775.9],\"text\":\"The Company’s deferred income tax assets and liabilities were reported on the consolidated balance sheets as follows (in\"},{\"bbox\":[46.7,747.3,101.0,764.9],\"text\":\"millions).\"}],\"order\":20,\"text\":\"The Company’s deferred income tax assets and liabilities were reported on the consolidated balance sheets as follows (in\\nmillions).\"},{\"bbox\":[609.2,810.1,674.5,825.2],\"lines\":[{\"bbox\":[609.2,810.1,674.5,825.2],\"text\":\"December 31,\"}],\"order\":21,\"text\":\"December 31,\"},{\"bbox\":[574.9,825.6,597.6,838.8],\"lines\":[{\"bbox\":[574.9,825.6,597.6,838.8],\"text\":\"2014\"}],\"order\":22,\"text\":\"2014\"},{\"bbox\":[77.4,820.9,269.5,883.2],\"lines\":[{\"bbox\":[79.0,820.9,229.7,842.6],\"text\":\"Deferred income tax assets\"},{\"bbox\":[78.2,840.3,248.2,862.9],\"text\":\"Deferred income tax liabilities\"},{\"bbox\":[77.4,859.7,267.8,883.2],\"text\":\"Net deferred income tax liabilities\"}],\"order\":23,\"text\":\"Deferred income tax assets\\nDeferred income tax liabilities\\nNet deferred income tax liabilities\"},{\"bbox\":[537.3,840.3,544.9,856.0],\"lines\":[{\"bbox\":[537.3,840.3,544.9,856.0],\"text\":\"$\"}],\"order\":24,\"text\":\"$\"},{\"bbox\":[535.7,879.2,543.3,894.8],\"lines\":[{\"bbox\":[535.7,879.2,543.3,894.8],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[387.0,1036.6,408.5,1052.9],\"lines\":[{\"bbox\":[387.0,1036.6,408.5,1052.9],\"text\":\"102\"}],\"order\":26,\"text\":\"102\"},{\"bbox\":[684.5,830.2,707.3,843.5],\"lines\":[{\"bbox\":[684.5,830.2,707.3,843.5],\"text\":\"2013\"}],\"order\":27,\"text\":\"2013\"},{\"bbox\":[605.4,843.3,654.6,899.5],\"lines\":[{\"bbox\":[618.7,843.8,654.6,860.6],\"text\":\"87 $\"},{\"bbox\":[606.3,862.6,637.0,879.3],\"text\":\"(588)\"},{\"bbox\":[605.4,882.1,652.9,899.5],\"text\":\"(501) $\"}],\"order\":28,\"text\":\"87 $\\n(588)\\n(501) $\"},{\"bbox\":[715.1,847.9,747.5,903.4],\"lines\":[{\"bbox\":[728.4,848.4,743.0,864.4],\"text\":\"73\"},{\"bbox\":[715.9,867.3,746.7,883.9],\"text\":\"(637)\"},{\"bbox\":[715.1,886.7,745.9,903.4],\"text\":\"(564)\"}],\"order\":29,\"text\":\"73\\n(637)\\n(564)\"}],\"doc\":\"fintabnet:DISCA_2014\",\"dpi\":100,\"image_px\":[838,1088],\"layout\":[],\"markdown\":\"DISCOVERY COMMUNICATIONS, INC.\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\nThe following table reconciles the Company's effective income tax rate to the U.S. federal statutory income tax rate of 35%.\\n\\nYear Ended December 31,\\n2013\\n\\n2014\\n\\nU.S. federal statutory income tax rate\\nState and local income taxes, net of federal tax benefit\\nEffect of foreign operations\\nDomestic production activity deductions\\nChange in uncertain tax positions\\nRemeasurement gain on previously held equity interest\\nOther, net\\nEffective income tax rate\\n\\n35 %\\n2%\\n2%\\n(3)%\\n(1)%\\n—%\\n—%\\n35 %\\n\\n2012\\n\\n35 %\\n3%\\n2%\\n(2)%\\n—%\\n(2)%\\n2%\\n38 %\\n\\n35 %\\n5%\\n(1)%\\n(3)%\\n—%\\n—%\\n1%\\n37 %\\n\\nComponents of deferred income tax assets and liabilities were as follows (in millions).\\n\\nDecember 31,\\n\\n2014\\n\\nDeferred income tax assets:\\nAccounts receivable\\nTax attribute carry-forward\\nUnrealized loss on derivatives and foreign currency translation adjustments\\nAccrued liabilities and other\\nTotal deferred income tax assets\\nValuation allowance\\nNet deferred income tax assets\\nDeferred income tax liabilities:\\nIntangible assets\\nContent rights\\nEquity method investments\\nNotes receivable\\nOther\\nTotal deferred income tax liabilities\\nNet deferred income tax liabilities\\n\\n$\\n\\n$\\n\\n2013\\n\\n3 $\\n30\\n(16)\\n243\\n260\\n(13)\\n247\\n\\n3\\n126\\n2\\n202\\n333\\n(18)\\n315\\n\\n(521)\\n(140)\\n(64)\\n(8)\\n(15)\\n(748)\\n(501) $\\n\\n(421)\\n(280)\\n(131)\\n(16)\\n(31)\\n(879)\\n(564)\\n\\nThe Company’s deferred income tax assets and liabilities were reported on the consolidated balance sheets as follows (in\\nmillions).\\n\\nDecember 31,\\n\\n2014\\n\\nDeferred income tax assets\\nDeferred income tax liabilities\\nNet deferred income tax liabilities\\n\\n$\\n\\n$\\n\\n102\\n\\n2013\\n\\n87 $\\n(588)\\n(501) $\\n\\n73\\n(637)\\n(564)\",\"name\":\"fintabnet.DISCA_2014_page_137__100dpi_heavy\",\"page_id\":\"fintabnet.DISCA_2014_page_137\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.427,\"source\":\"fintabnet\",\"source_id\":\"DISCA_2014_page_137\",\"stack\":[{\"deg\":-2.427,\"op\":\"skew\"},{\"amp\":0.316,\"angle\":222.1,\"blob\":0.399,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.559},{\"op\":\"noise\",\"sigma\":10.913},{\"gain\":0.502,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":0.067,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[101.7,106.3,780.7,330.0],\"block_orders\":[2,3,4,5,6,7,8],\"cells\":null}],\"text\":\"DISCOVERY COMMUNICATIONS, INC.\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\nThe following table reconciles the Company's effective income tax rate to the U.S. federal statutory income tax rate of 35%.\\n\\nYear Ended December 31,\\n2013\\n\\n2014\\n\\nU.S. federal statutory income tax rate\\nState and local income taxes, net of federal tax benefit\\nEffect of foreign operations\\nDomestic production activity deductions\\nChange in uncertain tax positions\\nRemeasurement gain on previously held equity interest\\nOther, net\\nEffective income tax rate\\n\\n35 %\\n2%\\n2%\\n(3)%\\n(1)%\\n—%\\n—%\\n35 %\\n\\n2012\\n\\n35 %\\n3%\\n2%\\n(2)%\\n—%\\n(2)%\\n2%\\n38 %\\n\\n35 %\\n5%\\n(1)%\\n(3)%\\n—%\\n—%\\n1%\\n37 %\\n\\nComponents of deferred income tax assets and liabilities were as follows (in millions).\\n\\nDecember 31,\\n\\n2014\\n\\nDeferred income tax assets:\\nAccounts receivable\\nTax attribute carry-forward\\nUnrealized loss on derivatives and foreign currency translation adjustments\\nAccrued liabilities and other\\nTotal deferred income tax assets\\nValuation allowance\\nNet deferred income tax assets\\nDeferred income tax liabilities:\\nIntangible assets\\nContent rights\\nEquity method investments\\nNotes receivable\\nOther\\nTotal deferred income tax liabilities\\nNet deferred income tax liabilities\\n\\n$\\n\\n$\\n\\n2013\\n\\n3 $\\n30\\n(16)\\n243\\n260\\n(13)\\n247\\n\\n3\\n126\\n2\\n202\\n333\\n(18)\\n315\\n\\n(521)\\n(140)\\n(64)\\n(8)\\n(15)\\n(748)\\n(501) $\\n\\n(421)\\n(280)\\n(131)\\n(16)\\n(31)\\n(879)\\n(564)\\n\\nThe Company’s deferred income tax assets and liabilities were reported on the consolidated balance sheets as follows (in\\nmillions).\\n\\nDecember 31,\\n\\n2014\\n\\nDeferred income tax assets\\nDeferred income tax liabilities\\nNet deferred income tax liabilities\\n\\n$\\n\\n$\\n\\n102\\n\\n2013\\n\\n87 $\\n(588)\\n(501) $\\n\\n73\\n(637)\\n(564)\"},\"name\":\"fintabnet.DISCA_2014_page_137__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":78080,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:DISCA_2014\",\"dpi\":100,\"gt_sha256\":\"5a774b9764846d365ebdcd6aff9a218d169587e36c2876420d7a094dc03d00fc\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DISCA_2014_page_137__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.DISCA_2014_page_137\",\"pdf_sha256\":\"fd5c5f2b5255df50d82b63c2c3e68f21cdf224da2b44594714dc8064cee6c9fe\",\"px\":[838,1088],\"scan\":{\"render\":\"fffffffffffffffffffefffef81cf80af000e000e008e000f000e000f000f000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"DISCA_2014_page_137\",\"src\":{\"file_sha256\":\"3fbd95d5a54d55f4b64c75cdc9bdf1842e130bbf8b5a25f40a3d33e480317e4f\",\"render\":\"07e000fe3c7e3c2a207e003c381c3c5a381a300a383e4018383e001e00000000\",\"text\":\"15214f877031c95408010b489aba360cb19a5a6f6b44740a6e81e7f1182914e7\"},\"stack\":[{\"deg\":-2.427,\"op\":\"skew\"},{\"amp\":0.316,\"angle\":222.1,\"blob\":0.399,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.559},{\"op\":\"noise\",\"sigma\":10.913},{\"gain\":0.502,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":0.067,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"fd5c5f2b5255df50d82b63c2c3e68f21cdf224da2b44594714dc8064cee6c9fe\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/fd5c5f2b5255df50d82b63c2c3e68f21cdf224da2b44594714dc8064cee6c9fe.pdf","asset_sha256":"fd5c5f2b5255df50d82b63c2c3e68f21cdf224da2b44594714dc8064cee6c9fe","document_id":"fintabnet:DISCA_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DISCA_2014_page_137\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DISH_2018_page_170\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DISH_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[273.1,88.8,936.4,149.7],\"lines\":[{\"bbox\":[438.5,92.3,770.2,122.3],\"text\":\"DISH NETWORK CORPORATION\"},{\"bbox\":[273.6,112.8,936.4,149.7],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued\"}],\"order\":0,\"text\":\"DISH NETWORK CORPORATION\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued\"},{\"bbox\":[118.1,161.2,912.5,200.9],\"lines\":[{\"bbox\":[118.1,161.2,912.5,200.9],\"text\":\"The non-cash, stock-based compensation expense associated with these awards was as follows:\"}],\"order\":1,\"text\":\"The non-cash, stock-based compensation expense associated with these awards was as follows:\"},{\"bbox\":[119.6,242.5,596.7,273.2],\"lines\":[{\"bbox\":[119.6,242.5,596.7,273.2],\"text\":\"Non-Cash, Stock-Based Compensation Expense Recognized\"}],\"order\":2,\"text\":\"Non-Cash, Stock-Based Compensation Expense Recognized\"},{\"bbox\":[120.6,286.2,619.3,426.2],\"lines\":[{\"bbox\":[120.6,294.8,202.9,317.3],\"text\":\"2019 LTIP\"},{\"bbox\":[121.0,316.5,203.4,338.9],\"text\":\"2017 LTIP\"},{\"bbox\":[121.5,337.4,230.3,360.4],\"text\":\"2013 LTIP (1)\"},{\"bbox\":[121.9,355.5,400.0,382.0],\"text\":\"Other employee performance awards\"},{\"bbox\":[122.4,373.6,618.8,404.7],\"text\":\"Total non-cash, stock-based compensation expense recognized\"},{\"bbox\":[122.8,400.3,368.5,426.2],\"text\":\"for performance based awards\"}],\"order\":3,\"text\":\"2019 LTIP\\n2017 LTIP\\n2013 LTIP (1)\\nOther employee performance awards\\nTotal non-cash, stock-based compensation expense recognized\\nfor performance based awards\"},{\"bbox\":[659.0,285.1,668.8,306.1],\"lines\":[{\"bbox\":[659.0,285.1,668.8,306.1],\"text\":\"$\"}],\"order\":4,\"text\":\"$\"},{\"bbox\":[704.3,207.7,1086.0,369.8],\"lines\":[{\"bbox\":[732.6,209.1,1014.4,235.7],\"text\":\"For the Years Ended December 31,\"},{\"bbox\":[704.9,239.4,742.8,261.0],\"text\":\"2018\"},{\"bbox\":[855.0,236.3,893.0,257.8],\"text\":\"2017\"},{\"bbox\":[1005.1,233.2,1043.1,254.7],\"text\":\"2016\"},{\"bbox\":[820.4,258.2,928.7,281.2],\"text\":\"(In thousands)\"},{\"bbox\":[741.8,282.0,818.9,304.3],\"text\":\"3,534 $\"},{\"bbox\":[915.5,278.9,968.9,300.7],\"text\":\"— $\"},{\"bbox\":[1065.5,276.4,1084.6,297.6],\"text\":\"—\"},{\"bbox\":[742.3,304.3,784.9,326.0],\"text\":\"3,334\"},{\"bbox\":[883.0,301.2,935.1,323.0],\"text\":\"10,640\"},{\"bbox\":[1065.9,298.1,1085.1,319.2],\"text\":\"—\"},{\"bbox\":[736.5,325.7,791.6,347.6],\"text\":\"(2,471)\"},{\"bbox\":[900.7,322.6,941.8,344.2],\"text\":\"(321)\"},{\"bbox\":[1042.9,319.6,1085.6,341.2],\"text\":\"2,565\"},{\"bbox\":[733.9,347.5,785.9,369.3],\"text\":\"17,945\"},{\"bbox\":[893.4,344.3,936.0,366.0],\"text\":\"7,549\"},{\"bbox\":[1043.4,341.2,1086.0,362.8],\"text\":\"1,424\"}],\"order\":5,\"text\":\"For the Years Ended December 31,\\n2018\\n2017\\n2016\\n(In thousands)\\n3,534 $\\n— $\\n—\\n3,334\\n10,640\\n—\\n(2,471)\\n(321)\\n2,565\\n17,945\\n7,549\\n1,424\"},{\"bbox\":[661.3,394.0,671.1,415.0],\"lines\":[{\"bbox\":[661.3,394.0,671.1,415.0],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[734.7,391.6,786.7,413.4],\"lines\":[{\"bbox\":[734.7,391.6,786.7,413.4],\"text\":\"22,342\"}],\"order\":7,\"text\":\"22,342\"},{\"bbox\":[811.3,390.9,821.1,411.8],\"lines\":[{\"bbox\":[811.3,390.9,821.1,411.8],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[884.8,388.5,936.9,410.3],\"lines\":[{\"bbox\":[884.8,388.5,936.9,410.3],\"text\":\"17,868\"}],\"order\":9,\"text\":\"17,868\"},{\"bbox\":[961.4,387.7,971.2,408.7],\"lines\":[{\"bbox\":[961.4,387.7,971.2,408.7],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[1044.3,385.3,1086.9,407.0],\"lines\":[{\"bbox\":[1044.3,385.3,1086.9,407.0],\"text\":\"3,989\"}],\"order\":11,\"text\":\"3,989\"},{\"bbox\":[161.4,438.1,894.9,476.5],\"lines\":[{\"bbox\":[161.4,438.1,894.9,476.5],\"text\":\"(1) “Non-Cash, Stock-Based Compensation Expense Recognized” includes forfeitures.\"}],\"order\":12,\"text\":\"(1) “Non-Cash, Stock-Based Compensation Expense Recognized” includes forfeitures.\"},{\"bbox\":[125.8,540.5,445.4,589.6],\"lines\":[{\"bbox\":[125.8,540.5,445.0,567.9],\"text\":\"Estimated Remaining Non-Cash, Stock-\"},{\"bbox\":[126.2,563.8,366.3,589.6],\"text\":\"Based Compensation Expense\"}],\"order\":13,\"text\":\"Estimated Remaining Non-Cash, Stock-\\nBased Compensation Expense\"},{\"bbox\":[127.2,603.7,570.7,699.5],\"lines\":[{\"bbox\":[127.2,605.3,492.3,633.7],\"text\":\"Expense estimated to be recognized during 2019\"},{\"bbox\":[127.6,626.7,501.5,655.2],\"text\":\"Estimated contingent expense subsequent to 2019\"},{\"bbox\":[128.1,647.9,570.3,677.8],\"text\":\"Total estimated remaining expense over the term of the\"},{\"bbox\":[128.5,678.0,164.4,699.5],\"text\":\"plan\"}],\"order\":14,\"text\":\"Expense estimated to be recognized during 2019\\nEstimated contingent expense subsequent to 2019\\nTotal estimated remaining expense over the term of the\\nplan\"},{\"bbox\":[607.4,557.0,693.8,579.5],\"lines\":[{\"bbox\":[607.4,557.0,693.8,579.5],\"text\":\"2019 LTIP\"}],\"order\":15,\"text\":\"2019 LTIP\"},{\"bbox\":[593.4,603.0,603.2,624.0],\"lines\":[{\"bbox\":[593.4,603.0,603.2,624.0],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[594.7,668.8,604.5,689.7],\"lines\":[{\"bbox\":[594.7,668.8,604.5,689.7],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[650.7,551.5,958.1,644.3],\"lines\":[{\"bbox\":[728.5,554.5,814.9,577.0],\"text\":\"2017 LTIP\"},{\"bbox\":[862.0,551.7,948.5,574.2],\"text\":\"2013 LTIP\"},{\"bbox\":[790.8,575.2,899.1,598.2],\"text\":\"(In thousands)\"},{\"bbox\":[651.6,600.5,724.7,622.8],\"text\":\"14,122 $\"},{\"bbox\":[804.8,597.7,858.2,619.6],\"text\":\"— $\"},{\"bbox\":[938.4,595.6,957.6,616.8],\"text\":\"—\"},{\"bbox\":[652.1,622.4,704.1,644.3],\"text\":\"26,410\"},{\"bbox\":[772.4,619.9,824.4,641.8],\"text\":\"20,910\"},{\"bbox\":[906.0,617.1,958.1,639.0],\"text\":\"34,342\"}],\"order\":18,\"text\":\"2017 LTIP\\n2013 LTIP\\n(In thousands)\\n14,122 $\\n— $\\n—\\n26,410\\n20,910\\n34,342\"},{\"bbox\":[653.0,666.2,726.1,688.5],\"lines\":[{\"bbox\":[653.0,666.2,726.1,688.5],\"text\":\"40,532 $\"}],\"order\":19,\"text\":\"40,532 $\"},{\"bbox\":[773.3,664.2,825.3,686.0],\"lines\":[{\"bbox\":[773.3,664.2,825.3,686.0],\"text\":\"20,910\"}],\"order\":20,\"text\":\"20,910\"},{\"bbox\":[849.8,663.5,859.6,684.4],\"lines\":[{\"bbox\":[849.8,663.5,859.6,684.4],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[906.9,661.4,959.0,683.2],\"lines\":[{\"bbox\":[906.9,661.4,959.0,683.2],\"text\":\"34,342\"}],\"order\":22,\"text\":\"34,342\"},{\"bbox\":[985.2,484.0,1091.2,571.6],\"lines\":[{\"bbox\":[1013.3,484.5,1061.7,506.3],\"text\":\"Other\"},{\"bbox\":[998.1,505.8,1077.7,528.2],\"text\":\"Employee\"},{\"bbox\":[986.1,527.1,1090.7,550.0],\"text\":\"Performance\"},{\"bbox\":[1007.3,549.1,1070.2,571.2],\"text\":\"Awards\"}],\"order\":23,\"text\":\"Other\\nEmployee\\nPerformance\\nAwards\"},{\"bbox\":[982.1,594.9,991.9,615.9],\"lines\":[{\"bbox\":[982.1,594.9,991.9,615.9],\"text\":\"$\"}],\"order\":24,\"text\":\"$\"},{\"bbox\":[1039.3,592.8,1091.8,636.2],\"lines\":[{\"bbox\":[1039.3,592.9,1091.4,614.7],\"text\":\"17,946\"},{\"bbox\":[1039.8,614.4,1091.8,636.2],\"text\":\"64,313\"}],\"order\":25,\"text\":\"17,946\\n64,313\"},{\"bbox\":[983.4,660.7,993.2,681.6],\"lines\":[{\"bbox\":[983.4,660.7,993.2,681.6],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[1040.7,658.6,1092.7,680.4],\"lines\":[{\"bbox\":[1040.7,658.6,1092.7,680.4],\"text\":\"82,259\"}],\"order\":27,\"text\":\"82,259\"},{\"bbox\":[130.0,729.2,1078.6,819.9],\"lines\":[{\"bbox\":[130.0,730.2,1029.1,772.0],\"text\":\"Of the 14.2 million stock options and 1.8 million restricted stock units and awards outstanding under our stock\"},{\"bbox\":[130.5,753.2,1078.1,796.0],\"text\":\"incentive plans as of December 31, 2018, the following awards were outstanding pursuant to our performance-based\"},{\"bbox\":[131.0,793.1,307.6,819.9],\"text\":\"stock incentive plans:\"}],\"order\":28,\"text\":\"Of the 14.2 million stock options and 1.8 million restricted stock units and awards outstanding under our stock\\nincentive plans as of December 31, 2018, the following awards were outstanding pursuant to our performance-based\\nstock incentive plans:\"},{\"bbox\":[723.7,822.0,1092.1,1028.1],\"lines\":[{\"bbox\":[785.7,824.2,983.5,849.1],\"text\":\"As of December 31, 2018\"},{\"bbox\":[945.1,848.0,1028.9,870.5],\"text\":\"Weighted-\"},{\"bbox\":[724.6,874.1,812.0,896.6],\"text\":\"Number of\"},{\"bbox\":[953.9,869.7,1021.1,891.9],\"text\":\"Average\"},{\"bbox\":[737.3,895.9,800.3,918.0],\"text\":\"Awards\"},{\"bbox\":[940.1,891.0,1035.9,913.8],\"text\":\"Grant Price\"},{\"bbox\":[780.4,916.7,890.3,939.7],\"text\":\"4,296,000 $\"},{\"bbox\":[1047.6,912.5,1090.3,934.2],\"text\":\"35.42\"},{\"bbox\":[780.9,938.2,890.7,961.3],\"text\":\"2,512,386 $\"},{\"bbox\":[1048.1,934.0,1090.7,955.7],\"text\":\"56.99\"},{\"bbox\":[781.3,959.8,891.2,982.9],\"text\":\"1,021,500 $\"},{\"bbox\":[1048.5,955.7,1091.2,977.3],\"text\":\"41.35\"},{\"bbox\":[781.8,981.3,891.6,1004.4],\"text\":\"1,140,000 $\"},{\"bbox\":[1049.0,977.2,1091.6,998.8],\"text\":\"21.31\"},{\"bbox\":[782.3,1004.0,892.1,1027.0],\"text\":\"8,969,886 $\"},{\"bbox\":[1049.4,999.8,1092.1,1021.4],\"text\":\"40.34\"}],\"order\":29,\"text\":\"As of December 31, 2018\\nWeighted-\\nNumber of\\nAverage\\nAwards\\nGrant Price\\n4,296,000 $\\n35.42\\n2,512,386 $\\n56.99\\n1,021,500 $\\n41.35\\n1,140,000 $\\n21.31\\n8,969,886 $\\n40.34\"},{\"bbox\":[133.4,904.1,413.6,1040.5],\"lines\":[{\"bbox\":[133.4,904.1,408.3,930.6],\"text\":\"Performance Based Stock Options\"},{\"bbox\":[133.8,930.8,216.2,953.2],\"text\":\"2019 LTIP\"},{\"bbox\":[134.3,952.3,216.6,974.7],\"text\":\"2017 LTIP\"},{\"bbox\":[134.7,973.9,217.1,996.4],\"text\":\"2013 LTIP\"},{\"bbox\":[135.2,991.3,413.2,1017.9],\"text\":\"Other employee performance awards\"},{\"bbox\":[135.6,1018.8,178.8,1040.5],\"text\":\"Total\"}],\"order\":30,\"text\":\"Performance Based Stock Options\\n2019 LTIP\\n2017 LTIP\\n2013 LTIP\\nOther employee performance awards\\nTotal\"},{\"bbox\":[136.6,1059.6,444.6,1153.5],\"lines\":[{\"bbox\":[136.6,1059.6,443.2,1086.7],\"text\":\"Restricted Performance Units/Awards\"},{\"bbox\":[137.1,1086.9,219.4,1109.4],\"text\":\"2013 LTIP\"},{\"bbox\":[137.5,1104.3,415.6,1130.9],\"text\":\"Other employee performance awards\"},{\"bbox\":[138.0,1131.8,181.2,1153.5],\"text\":\"Total\"}],\"order\":31,\"text\":\"Restricted Performance Units/Awards\\n2013 LTIP\\nOther employee performance awards\\nTotal\"},{\"bbox\":[783.7,1073.6,860.1,1140.0],\"lines\":[{\"bbox\":[797.7,1073.6,859.1,1095.6],\"text\":\"510,750\"},{\"bbox\":[784.2,1095.1,859.6,1117.4],\"text\":\"1,215,500\"},{\"bbox\":[784.6,1117.7,860.0,1140.0],\"text\":\"1,726,250\"}],\"order\":32,\"text\":\"510,750\\n1,215,500\\n1,726,250\"},{\"bbox\":[614.6,1545.1,654.5,1569.0],\"lines\":[{\"bbox\":[614.6,1545.1,654.5,1569.0],\"text\":\"F-48\"}],\"order\":33,\"text\":\"F-48\"}],\"doc\":\"fintabnet:DISH_2018\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"DISH NETWORK CORPORATION\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued\\n\\nThe non-cash, stock-based compensation expense associated with these awards was as follows:\\n\\nNon-Cash, Stock-Based Compensation Expense Recognized\\n\\n2019 LTIP\\n2017 LTIP\\n2013 LTIP (1)\\nOther employee performance awards\\nTotal non-cash, stock-based compensation expense recognized\\nfor performance based awards\\n\\n$\\n\\nFor the Years Ended December 31,\\n2018\\n2017\\n2016\\n(In thousands)\\n3,534 $\\n— $\\n—\\n3,334\\n10,640\\n—\\n(2,471)\\n(321)\\n2,565\\n17,945\\n7,549\\n1,424\\n\\n$\\n\\n22,342\\n\\n$\\n\\n17,868\\n\\n$\\n\\n3,989\\n\\n(1) “Non-Cash, Stock-Based Compensation Expense Recognized” includes forfeitures.\\n\\nEstimated Remaining Non-Cash, Stock-\\nBased Compensation Expense\\n\\nExpense estimated to be recognized during 2019\\nEstimated contingent expense subsequent to 2019\\nTotal estimated remaining expense over the term of the\\nplan\\n\\n2019 LTIP\\n\\n$\\n\\n$\\n\\n2017 LTIP\\n2013 LTIP\\n(In thousands)\\n14,122 $\\n— $\\n—\\n26,410\\n20,910\\n34,342\\n\\n40,532 $\\n\\n20,910\\n\\n$\\n\\n34,342\\n\\nOther\\nEmployee\\nPerformance\\nAwards\\n\\n$\\n\\n17,946\\n64,313\\n\\n$\\n\\n82,259\\n\\nOf the 14.2 million stock options and 1.8 million restricted stock units and awards outstanding under our stock\\nincentive plans as of December 31, 2018, the following awards were outstanding pursuant to our performance-based\\nstock incentive plans:\\n\\nAs of December 31, 2018\\nWeighted-\\nNumber of\\nAverage\\nAwards\\nGrant Price\\n4,296,000 $\\n35.42\\n2,512,386 $\\n56.99\\n1,021,500 $\\n41.35\\n1,140,000 $\\n21.31\\n8,969,886 $\\n40.34\\n\\nPerformance Based Stock Options\\n2019 LTIP\\n2017 LTIP\\n2013 LTIP\\nOther employee performance awards\\nTotal\\n\\nRestricted Performance Units/Awards\\n2013 LTIP\\nOther employee performance awards\\nTotal\\n\\n510,750\\n1,215,500\\n1,726,250\\n\\nF-48\",\"name\":\"fintabnet.DISH_2018_page_170__150dpi_medium\",\"page_id\":\"fintabnet.DISH_2018_page_170\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.194,\"source\":\"fintabnet\",\"source_id\":\"DISH_2018_page_170\",\"stack\":[{\"deg\":1.194,\"op\":\"skew\"},{\"amp\":0.161,\"angle\":276.1,\"blob\":0.754,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.919},{\"gain\":0.759,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":58}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[131.9,823.2,1040.6,1153.5],\"block_orders\":[29,30,31,32],\"cells\":null}],\"text\":\"DISH NETWORK CORPORATION\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued\\n\\nThe non-cash, stock-based compensation expense associated with these awards was as follows:\\n\\nNon-Cash, Stock-Based Compensation Expense Recognized\\n\\n2019 LTIP\\n2017 LTIP\\n2013 LTIP (1)\\nOther employee performance awards\\nTotal non-cash, stock-based compensation expense recognized\\nfor performance based awards\\n\\n$\\n\\nFor the Years Ended December 31,\\n2018\\n2017\\n2016\\n(In thousands)\\n3,534 $\\n— $\\n—\\n3,334\\n10,640\\n—\\n(2,471)\\n(321)\\n2,565\\n17,945\\n7,549\\n1,424\\n\\n$\\n\\n22,342\\n\\n$\\n\\n17,868\\n\\n$\\n\\n3,989\\n\\n(1) “Non-Cash, Stock-Based Compensation Expense Recognized” includes forfeitures.\\n\\nEstimated Remaining Non-Cash, Stock-\\nBased Compensation Expense\\n\\nExpense estimated to be recognized during 2019\\nEstimated contingent expense subsequent to 2019\\nTotal estimated remaining expense over the term of the\\nplan\\n\\n2019 LTIP\\n\\n$\\n\\n$\\n\\n2017 LTIP\\n2013 LTIP\\n(In thousands)\\n14,122 $\\n— $\\n—\\n26,410\\n20,910\\n34,342\\n\\n40,532 $\\n\\n20,910\\n\\n$\\n\\n34,342\\n\\nOther\\nEmployee\\nPerformance\\nAwards\\n\\n$\\n\\n17,946\\n64,313\\n\\n$\\n\\n82,259\\n\\nOf the 14.2 million stock options and 1.8 million restricted stock units and awards outstanding under our stock\\nincentive plans as of December 31, 2018, the following awards were outstanding pursuant to our performance-based\\nstock incentive plans:\\n\\nAs of December 31, 2018\\nWeighted-\\nNumber of\\nAverage\\nAwards\\nGrant Price\\n4,296,000 $\\n35.42\\n2,512,386 $\\n56.99\\n1,021,500 $\\n41.35\\n1,140,000 $\\n21.31\\n8,969,886 $\\n40.34\\n\\nPerformance Based Stock Options\\n2019 LTIP\\n2017 LTIP\\n2013 LTIP\\nOther employee performance awards\\nTotal\\n\\nRestricted Performance Units/Awards\\n2013 LTIP\\nOther employee performance awards\\nTotal\\n\\n510,750\\n1,215,500\\n1,726,250\\n\\nF-48\"},\"name\":\"fintabnet.DISH_2018_page_170__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":82387,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:DISH_2018\",\"dpi\":150,\"gt_sha256\":\"32b3f8f15512005b6635081259fc38bb78f039a2979c92f0bd242f403cae5984\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DPZ_2006_page_36\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DPZ_2006\",\"ground_truth\":{\"blocks\":[{\"bbox\":[88.9,157.0,376.0,177.6],\"lines\":[{\"bbox\":[88.9,157.0,376.0,177.6],\"text\":\"SELECTED FINANCIAL DATA\"}],\"order\":0,\"text\":\"SELECTED FINANCIAL DATA\"},{\"bbox\":[87.7,194.5,1202.0,348.7],\"lines\":[{\"bbox\":[88.6,194.5,1110.9,220.6],\"text\":\"The selected fi nancial data set forth below should be read in conjunction with, and is qualifi ed by reference to,\"},{\"bbox\":[88.4,219.5,1173.7,246.0],\"text\":\"Management’s Discussion and Analysis of Financial Condition and Results of Operations and the consolidated fi nan-\"},{\"bbox\":[88.3,244.5,1184.6,271.1],\"text\":\"cial statements and related notes included in this report. The selected fi nancial data below, with the exception of store\"},{\"bbox\":[88.1,269.5,1201.5,296.2],\"text\":\"counts and same store sales growth, have been derived from the audited consolidated fi nancial statements of Domino’s\"},{\"bbox\":[87.9,294.5,1185.7,321.1],\"text\":\"Pizza, Inc. and subsidiaries. These historical data are not necessarily indicative of results to be expected for any future\"},{\"bbox\":[87.7,322.0,153.1,341.4],\"text\":\"period.\"}],\"order\":1,\"text\":\"The selected fi nancial data set forth below should be read in conjunction with, and is qualifi ed by reference to,\\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations and the consolidated fi nan-\\ncial statements and related notes included in this report. The selected fi nancial data below, with the exception of store\\ncounts and same store sales growth, have been derived from the audited consolidated fi nancial statements of Domino’s\\nPizza, Inc. and subsidiaries. These historical data are not necessarily indicative of results to be expected for any future\\nperiod.\"},{\"bbox\":[798.4,368.5,919.6,386.0],\"lines\":[{\"bbox\":[798.4,368.5,919.6,386.0],\"text\":\"Fiscal year ended\"}],\"order\":2,\"text\":\"Fiscal year ended\"},{\"bbox\":[143.3,418.9,400.5,435.5],\"lines\":[{\"bbox\":[143.3,418.9,400.5,435.5],\"text\":\"(dollars in millions, except per share data)\"}],\"order\":3,\"text\":\"(dollars in millions, except per share data)\"},{\"bbox\":[584.8,399.0,795.7,440.0],\"lines\":[{\"bbox\":[585.0,399.0,795.7,417.1],\"text\":\"December 29, December 28,\"},{\"bbox\":[615.5,422.1,651.6,439.0],\"text\":\"2002\"},{\"bbox\":[717.8,420.1,774.4,439.9],\"text\":\"2003 (5)\"}],\"order\":4,\"text\":\"December 29, December 28,\\n2002\\n2003 (5)\"},{\"bbox\":[822.1,400.6,895.9,440.7],\"lines\":[{\"bbox\":[822.3,400.6,895.9,417.8],\"text\":\"January 2,\"},{\"bbox\":[830.5,420.9,886.7,440.7],\"text\":\"2005 (6)\"}],\"order\":5,\"text\":\"January 2,\\n2005 (6)\"},{\"bbox\":[934.6,401.4,1008.4,441.5],\"lines\":[{\"bbox\":[934.8,401.4,1008.4,418.6],\"text\":\"January 1,\"},{\"bbox\":[953.0,424.4,989.1,441.4],\"text\":\"2006\"}],\"order\":6,\"text\":\"January 1,\\n2006\"},{\"bbox\":[1034.8,402.1,1133.2,442.4],\"lines\":[{\"bbox\":[1034.9,402.1,1133.2,419.5],\"text\":\"December 31,\"},{\"bbox\":[1065.5,425.2,1101.6,442.2],\"text\":\"2006\"}],\"order\":7,\"text\":\"December 31,\\n2006\"},{\"bbox\":[142.8,468.8,332.4,516.0],\"lines\":[{\"bbox\":[143.0,468.8,332.4,488.7],\"text\":\"Income statement data:\"},{\"bbox\":[142.8,496.1,222.7,515.2],\"text\":\"Revenues:\"}],\"order\":8,\"text\":\"Income statement data:\\nRevenues:\"},{\"bbox\":[157.5,529.4,417.9,549.7],\"lines\":[{\"bbox\":[157.5,529.4,417.9,549.7],\"text\":\"Domestic Company-owned stores\"}],\"order\":9,\"text\":\"Domestic Company-owned stores\"},{\"bbox\":[596.4,540.8,666.6,559.8],\"lines\":[{\"bbox\":[596.4,540.8,666.6,559.8],\"text\":\"$ 376.5\"}],\"order\":10,\"text\":\"$ 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stock\"},{\"bbox\":[624.6,1524.9,659.7,1543.7],\"lines\":[{\"bbox\":[624.6,1524.9,659.7,1543.7],\"text\":\"98.0\"}],\"order\":196,\"text\":\"98.0\"},{\"bbox\":[747.7,1525.7,755.2,1544.3],\"lines\":[{\"bbox\":[747.7,1525.7,755.2,1544.3],\"text\":\"-\"}],\"order\":197,\"text\":\"-\"},{\"bbox\":[860.2,1526.5,867.7,1545.1],\"lines\":[{\"bbox\":[860.2,1526.5,867.7,1545.1],\"text\":\"-\"}],\"order\":198,\"text\":\"-\"},{\"bbox\":[972.7,1527.3,980.2,1545.9],\"lines\":[{\"bbox\":[972.7,1527.3,980.2,1545.9],\"text\":\"-\"}],\"order\":199,\"text\":\"-\"},{\"bbox\":[1085.2,1528.1,1092.7,1546.7],\"lines\":[{\"bbox\":[1085.2,1528.1,1092.7,1546.7],\"text\":\"-\"}],\"order\":200,\"text\":\"-\"},{\"bbox\":[135.5,1546.2,331.8,1566.1],\"lines\":[{\"bbox\":[135.5,1546.2,331.8,1566.1],\"text\":\"Total stockholders’ defi cit\"}],\"order\":201,\"text\":\"Total stockholders’ defi cit\"},{\"bbox\":[609.3,1557.9,664.5,1576.8],\"lines\":[{\"bbox\":[609.3,1557.9,664.5,1576.8],\"text\":\"(473.4)\"}],\"order\":202,\"text\":\"(473.4)\"},{\"bbox\":[721.8,1558.6,777.0,1577.6],\"lines\":[{\"bbox\":[721.8,1558.6,777.0,1577.6],\"text\":\"(718.0)\"}],\"order\":203,\"text\":\"(718.0)\"},{\"bbox\":[834.3,1559.4,889.5,1578.3],\"lines\":[{\"bbox\":[834.3,1559.4,889.5,1578.3],\"text\":\"(549.9)\"}],\"order\":204,\"text\":\"(549.9)\"},{\"bbox\":[946.8,1560.2,1002.0,1579.1],\"lines\":[{\"bbox\":[946.8,1560.2,1002.0,1579.1],\"text\":\"(511.0)\"}],\"order\":205,\"text\":\"(511.0)\"},{\"bbox\":[1059.3,1561.0,1114.5,1579.9],\"lines\":[{\"bbox\":[1059.3,1561.0,1114.5,1579.9],\"text\":\"(564.9)\"}],\"order\":206,\"text\":\"(564.9)\"}],\"doc\":\"fintabnet:DPZ_2006\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"SELECTED FINANCIAL DATA\\n\\nThe selected fi nancial data set forth below should be read in conjunction with, and is qualifi ed by reference to,\\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations and the consolidated fi nan-\\ncial statements and related notes included in this report. The selected fi nancial data below, with the exception of store\\ncounts and same store sales growth, have been derived from the audited consolidated fi nancial statements of Domino’s\\nPizza, Inc. and subsidiaries. These historical data are not necessarily indicative of results to be expected for any future\\nperiod.\\n\\nFiscal year ended\\n\\n(dollars in millions, except per share data)\\n\\nDecember 29, December 28,\\n2002\\n2003 (5)\\n\\nJanuary 2,\\n2005 (6)\\n\\nJanuary 1,\\n2006\\n\\nDecember 31,\\n2006\\n\\nIncome statement data:\\nRevenues:\\n\\nDomestic Company-owned stores\\n\\n$ 376.5\\n\\n$ 375.4\\n\\n$ 382.5\\n\\n$ 401.0\\n\\n$ 393.4\\n\\nDomestic franchise\\n\\n140.7\\n\\n144.5\\n\\n155.0\\n\\n161.9\\n\\n157.7\\n\\nDomestic stores\\n\\n517.2\\n\\n519.9\\n\\n537.5\\n\\n562.9\\n\\n551.1\\n\\nDomestic distribution\\n\\n676.0\\n\\n717.1\\n\\n792.0\\n\\n819.1\\n\\n762.8\\n\\nInternational\\n\\n81.8\\n\\n96.4\\n\\n117.0\\n\\n129.6\\n\\n123.4\\n\\nTotal revenues\\n\\n1,275.0\\n\\n1,333.3\\n\\n1,446.5\\n\\n1,511.6\\n\\n1,437.3\\n\\nCost of sales\\n\\n945.8\\n\\n997.7\\n\\n1,092.8\\n\\n1,126.3\\n\\n1,052.8\\n\\nOperating margin\\n\\n329.2\\n\\n335.6\\n\\n353.7\\n\\n385.3\\n\\n384.5\\n\\nGeneral and administrative expense\\n\\n171.4\\n\\n176.1\\n\\n182.3\\n\\n186.2\\n\\n170.3\\n\\nIncome from operations\\n\\n157.8\\n\\n159.5\\n\\n171.4\\n\\n199.1\\n\\n214.2\\n\\nInterest income\\n\\n0.5\\n\\n0.4\\n\\n0.6\\n\\n0.8\\n\\n1.2\\n\\nInterest expense\\n\\n(60.3)\\n\\n(74.7)\\n\\n(61.1)\\n\\n(48.8)\\n\\n(55.0)\\n\\nOther (1)\\n\\n(1.8)\\n\\n(22.7)\\n\\n(10.8)\\n\\n22.1\\n\\n-\\n\\nIncome before provision for income taxes\\n\\n96.2\\n\\n62.4\\n\\n100.1\\n\\n173.3\\n\\n160.4\\n\\nProvision for income taxes\\n\\n35.7\\n\\n23.4\\n\\n37.8\\n\\n65.0\\n\\n54.2\\n\\nNet income\\n\\nNet income (loss) available to common stockholders (2)\\n\\n$\\n\\n60.5\\n\\n$\\n\\n39.0\\n\\n$\\n\\n62.3\\n\\n$ 108.3\\n\\n$ 106.2\\n\\n$\\n\\n43.0\\n\\n$\\n\\n(4.0)\\n\\n$\\n\\n62.3\\n\\n$ 108.3\\n\\n$ 106.2\\n\\n$\\n\\n5.57\\n\\nN/A\\n\\nN/A\\n\\n5.57\\n\\nN/A\\n\\nN/A\\n\\nEarnings (loss) per share:\\n\\nClass L – basic\\n\\n$ 10.97\\n\\n$ 10.26\\n\\nClass L – diluted\\n\\n10.96\\n\\n10.25\\n\\n0.10\\n\\n$ (1.26)\\n\\nCommon stock – basic\\n\\n$\\n\\nCommon stock – diluted\\n\\n0.09\\n\\nDividends declared per share (3)\\n\\n$\\n\\n$\\n\\n$\\n\\n1.62\\n\\n$ 0.065\\n\\n$\\n\\n$\\n\\n$\\n\\n(1.26)\\n\\n-\\n\\n$\\n\\n-\\n\\n0.85\\n\\n0.81\\n\\n$\\n\\n1.68\\n\\n0.40\\n\\n$\\n\\n0.48\\n\\n66.9\\n\\n$\\n\\n38.2\\n\\n1.58\\n\\n1.65\\n\\nBalance sheet data (at end of period):\\n\\nCash and cash equivalents\\n\\n34\\n\\n34\\n\\n$\\n\\n25.5\\n\\n$\\n\\n46.4\\n\\n40.4\\n\\nWorking capital\\n\\n(10.2)\\n\\n(1.3)\\n\\n(0.2)\\n\\n4.0\\n\\n11.1\\n\\nTotal assets\\n\\n425.5\\n\\n452.1\\n\\n447.3\\n\\n461.1\\n\\n380.2\\n\\nTotal long-term debt, less current portion\\n\\n599.2\\n\\n941.2\\n\\n755.4\\n\\n702.4\\n\\n740.1\\n\\nTotal debt\\n\\n602.0\\n\\n959.7\\n\\n780.7\\n\\n737.7\\n\\n741.6\\n\\nCumulative preferred stock\\n\\n98.0\\n\\n-\\n\\n-\\n\\n-\\n\\n-\\n\\nTotal stockholders’ defi cit\\n\\n(473.4)\\n\\n(718.0)\\n\\n(549.9)\\n\\n(511.0)\\n\\n(564.9)\",\"name\":\"fintabnet.DPZ_2006_page_36__150dpi_mild\",\"page_id\":\"fintabnet.DPZ_2006_page_36\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.399,\"source\":\"fintabnet\",\"source_id\":\"DPZ_2006_page_36\",\"stack\":[{\"deg\":-0.399,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.545},{\"op\":\"noise\",\"sigma\":2.933},{\"op\":\"jpeg\",\"q\":70}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[135.4,359.9,1133.5,1580.7],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,143,144,145,146,147,148,149,150,151,152,153,154,155,156,157,158,159,160,161,162,163,166,167,168,169,170,171,172,173,174,175,176,177,178,179,180,181,182,183,184,185,186,187,188,189,190,191,192,193,194,195,196,197,198,199,200,201,202,203,204,205,206],\"cells\":null}],\"text\":\"SELECTED FINANCIAL DATA\\n\\nThe selected fi nancial data set forth below should be read in conjunction with, and is qualifi ed by reference to,\\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations and the consolidated fi nan-\\ncial statements and related notes included in this report. The selected fi nancial data below, with the exception of store\\ncounts and same store sales growth, have been derived from the audited consolidated fi nancial statements of Domino’s\\nPizza, Inc. and subsidiaries. These historical data are not necessarily indicative of results to be expected for any future\\nperiod.\\n\\nFiscal year ended\\n\\n(dollars in millions, except per share data)\\n\\nDecember 29, December 28,\\n2002\\n2003 (5)\\n\\nJanuary 2,\\n2005 (6)\\n\\nJanuary 1,\\n2006\\n\\nDecember 31,\\n2006\\n\\nIncome statement data:\\nRevenues:\\n\\nDomestic Company-owned stores\\n\\n$ 376.5\\n\\n$ 375.4\\n\\n$ 382.5\\n\\n$ 401.0\\n\\n$ 393.4\\n\\nDomestic franchise\\n\\n140.7\\n\\n144.5\\n\\n155.0\\n\\n161.9\\n\\n157.7\\n\\nDomestic stores\\n\\n517.2\\n\\n519.9\\n\\n537.5\\n\\n562.9\\n\\n551.1\\n\\nDomestic distribution\\n\\n676.0\\n\\n717.1\\n\\n792.0\\n\\n819.1\\n\\n762.8\\n\\nInternational\\n\\n81.8\\n\\n96.4\\n\\n117.0\\n\\n129.6\\n\\n123.4\\n\\nTotal revenues\\n\\n1,275.0\\n\\n1,333.3\\n\\n1,446.5\\n\\n1,511.6\\n\\n1,437.3\\n\\nCost of sales\\n\\n945.8\\n\\n997.7\\n\\n1,092.8\\n\\n1,126.3\\n\\n1,052.8\\n\\nOperating margin\\n\\n329.2\\n\\n335.6\\n\\n353.7\\n\\n385.3\\n\\n384.5\\n\\nGeneral and administrative expense\\n\\n171.4\\n\\n176.1\\n\\n182.3\\n\\n186.2\\n\\n170.3\\n\\nIncome from operations\\n\\n157.8\\n\\n159.5\\n\\n171.4\\n\\n199.1\\n\\n214.2\\n\\nInterest income\\n\\n0.5\\n\\n0.4\\n\\n0.6\\n\\n0.8\\n\\n1.2\\n\\nInterest expense\\n\\n(60.3)\\n\\n(74.7)\\n\\n(61.1)\\n\\n(48.8)\\n\\n(55.0)\\n\\nOther (1)\\n\\n(1.8)\\n\\n(22.7)\\n\\n(10.8)\\n\\n22.1\\n\\n-\\n\\nIncome before provision for income taxes\\n\\n96.2\\n\\n62.4\\n\\n100.1\\n\\n173.3\\n\\n160.4\\n\\nProvision for income taxes\\n\\n35.7\\n\\n23.4\\n\\n37.8\\n\\n65.0\\n\\n54.2\\n\\nNet income\\n\\nNet income (loss) available to common stockholders (2)\\n\\n$\\n\\n60.5\\n\\n$\\n\\n39.0\\n\\n$\\n\\n62.3\\n\\n$ 108.3\\n\\n$ 106.2\\n\\n$\\n\\n43.0\\n\\n$\\n\\n(4.0)\\n\\n$\\n\\n62.3\\n\\n$ 108.3\\n\\n$ 106.2\\n\\n$\\n\\n5.57\\n\\nN/A\\n\\nN/A\\n\\n5.57\\n\\nN/A\\n\\nN/A\\n\\nEarnings (loss) per share:\\n\\nClass L – basic\\n\\n$ 10.97\\n\\n$ 10.26\\n\\nClass L – diluted\\n\\n10.96\\n\\n10.25\\n\\n0.10\\n\\n$ (1.26)\\n\\nCommon stock – basic\\n\\n$\\n\\nCommon stock – diluted\\n\\n0.09\\n\\nDividends declared per share (3)\\n\\n$\\n\\n$\\n\\n$\\n\\n1.62\\n\\n$ 0.065\\n\\n$\\n\\n$\\n\\n$\\n\\n(1.26)\\n\\n-\\n\\n$\\n\\n-\\n\\n0.85\\n\\n0.81\\n\\n$\\n\\n1.68\\n\\n0.40\\n\\n$\\n\\n0.48\\n\\n66.9\\n\\n$\\n\\n38.2\\n\\n1.58\\n\\n1.65\\n\\nBalance sheet data (at end of period):\\n\\nCash and cash equivalents\\n\\n34\\n\\n34\\n\\n$\\n\\n25.5\\n\\n$\\n\\n46.4\\n\\n40.4\\n\\nWorking capital\\n\\n(10.2)\\n\\n(1.3)\\n\\n(0.2)\\n\\n4.0\\n\\n11.1\\n\\nTotal assets\\n\\n425.5\\n\\n452.1\\n\\n447.3\\n\\n461.1\\n\\n380.2\\n\\nTotal long-term debt, less current portion\\n\\n599.2\\n\\n941.2\\n\\n755.4\\n\\n702.4\\n\\n740.1\\n\\nTotal debt\\n\\n602.0\\n\\n959.7\\n\\n780.7\\n\\n737.7\\n\\n741.6\\n\\nCumulative preferred stock\\n\\n98.0\\n\\n-\\n\\n-\\n\\n-\\n\\n-\\n\\nTotal stockholders’ defi cit\\n\\n(473.4)\\n\\n(718.0)\\n\\n(549.9)\\n\\n(511.0)\\n\\n(564.9)\"},\"name\":\"fintabnet.DPZ_2006_page_36__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":194774,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:DPZ_2006\",\"dpi\":150,\"gt_sha256\":\"bbc008930f58fc0e5c237ed3f1b59ba7c8549561f189383e7d7820e05f7854c7\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DPZ_2006_page_36__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.DPZ_2006_page_36\",\"pdf_sha256\":\"f4c8ba42fa30b5d27d20a36fa1a002f704f4fd62b3137fc1c5b73d2ce53d3c2c\",\"px\":[1275,1650],\"scan\":{\"render\":\"ffff7fff7ffe0020300030002000200820002000200c20003000200020000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"DPZ_2006_page_36\",\"src\":{\"file_sha256\":\"8f0be600703ca318a7198e246a5069fc6b76337a2aee52d58412d51b9f71f7cb\",\"render\":\"ffff7ffe7ffe002030002000200420042000204820fc20003000200020000000\",\"text\":\"f2a3408b830d075618c02dbe985bbf130cb334727fd68fbf0a1697efa0c28659\"},\"stack\":[{\"deg\":-0.399,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.545},{\"op\":\"noise\",\"sigma\":2.933},{\"op\":\"jpeg\",\"q\":70}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f4c8ba42fa30b5d27d20a36fa1a002f704f4fd62b3137fc1c5b73d2ce53d3c2c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f4c8ba42fa30b5d27d20a36fa1a002f704f4fd62b3137fc1c5b73d2ce53d3c2c.pdf","asset_sha256":"f4c8ba42fa30b5d27d20a36fa1a002f704f4fd62b3137fc1c5b73d2ce53d3c2c","document_id":"fintabnet:DPZ_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DPZ_2006_page_36\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DUK_2017_page_130\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:DUK_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[31.7,39.2,55.1,51.8],\"lines\":[{\"bbox\":[31.7,39.2,55.1,51.8],\"text\":\"PART II\"}],\"order\":0,\"text\":\"PART II\"},{\"bbox\":[73.0,53.0,484.0,86.7],\"lines\":[{\"bbox\":[78.5,53.1,478.2,74.6],\"text\":\"DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. • DUKE ENERGY PROGRESS, LLC •\"},{\"bbox\":[73.3,65.0,484.0,86.7],\"text\":\"DUKE ENERGY FLORIDA, LLC • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, LLC • PIEDMONT NATURAL GAS COMPANY, INC.\"}],\"order\":1,\"text\":\"DUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. • DUKE ENERGY PROGRESS, LLC •\\nDUKE ENERGY FLORIDA, LLC • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, LLC • PIEDMONT NATURAL GAS COMPANY, INC.\"},{\"bbox\":[158.4,90.0,400.1,108.2],\"lines\":[{\"bbox\":[158.4,90.0,400.1,108.2],\"text\":\"Combined Notes to Consolidated Financial Statements – (Continued)\"}],\"order\":2,\"text\":\"Combined Notes to Consolidated Financial Statements – (Continued)\"},{\"bbox\":[37.8,125.3,134.5,138.6],\"lines\":[{\"bbox\":[37.8,125.3,134.5,138.6],\"text\":\"Long-Lived Asset Impairments\"}],\"order\":3,\"text\":\"Long-Lived Asset Impairments\"},{\"bbox\":[287.8,115.5,531.3,342.3],\"lines\":[{\"bbox\":[287.8,116.2,499.2,132.3],\"text\":\"probable the asset will be retired substantially in advance of its original\"},{\"bbox\":[288.1,126.0,526.3,142.8],\"text\":\"expected useful life or is abandoned, the cost of the asset and the corresponding\"},{\"bbox\":[288.3,136.6,522.3,153.3],\"text\":\"accumulated depreciation is recognized as a separate asset. If the asset is still\"},{\"bbox\":[288.6,147.2,518.8,163.8],\"text\":\"in operation, the net amount is classified as Generation facilities to be retired,\"},{\"bbox\":[288.9,157.9,510.7,174.3],\"text\":\"net on the Consolidated Balance Sheets. If the asset is no longer operating,\"},{\"bbox\":[289.1,168.2,519.1,184.8],\"text\":\"the net amount is classified in Regulatory assets on the Consolidated Balance\"},{\"bbox\":[289.4,178.7,520.6,195.3],\"text\":\"Sheets if deemed recoverable (see discussion of long-lived asset impairments\"},{\"bbox\":[289.7,189.2,521.0,205.8],\"text\":\"above). When it becomes probable an asset will be abandoned, the cost of the\"},{\"bbox\":[289.9,199.6,522.6,216.3],\"text\":\"asset and accumulated depreciation is reclassified to Regulatory assets on the\"},{\"bbox\":[290.2,210.3,514.4,226.8],\"text\":\"Consolidated Balance Sheets for amounts recoverable in rates. The carrying\"},{\"bbox\":[290.5,220.6,524.4,237.3],\"text\":\"value of the asset is based on historical cost if the Duke Energy Registrants are\"},{\"bbox\":[290.7,231.2,520.2,247.8],\"text\":\"allowed to recover the remaining net book value and a return equal to at least\"},{\"bbox\":[291.0,241.5,526.8,258.3],\"text\":\"the incremental borrowing rate. If not, an impairment is recognized to the extent\"},{\"bbox\":[291.2,252.3,516.7,268.8],\"text\":\"the net book value of the asset exceeds the present value of future revenues\"},{\"bbox\":[291.5,265.1,426.3,279.3],\"text\":\"discounted at the incremental borrowing rate.\"},{\"bbox\":[309.8,273.3,518.2,289.3],\"text\":\"When the Duke Energy Registrants sell entire regulated operating units,\"},{\"bbox\":[292.0,284.0,509.9,300.3],\"text\":\"or retire or sell nonregulated properties, the original cost and accumulated\"},{\"bbox\":[292.3,294.2,520.1,310.8],\"text\":\"depreciation and amortization balances are removed from Property, Plant and\"},{\"bbox\":[292.6,304.7,523.7,321.3],\"text\":\"Equipment on the Consolidated Balance Sheets. Any gain or loss is recorded in\"},{\"bbox\":[292.8,315.8,497.9,331.8],\"text\":\"earnings, unless otherwise required by the applicable regulatory body.\"},{\"bbox\":[311.1,328.4,415.8,341.8],\"text\":\"See Note 10 for further information.\"}],\"order\":4,\"text\":\"probable the asset will be retired substantially in advance of its original\\nexpected useful life or is abandoned, the cost of the asset and the corresponding\\naccumulated depreciation is recognized as a separate asset. If the asset is still\\nin operation, the net amount is classified as Generation facilities to be retired,\\nnet on the Consolidated Balance Sheets. If the asset is no longer operating,\\nthe net amount is classified in Regulatory assets on the Consolidated Balance\\nSheets if deemed recoverable (see discussion of long-lived asset impairments\\nabove). When it becomes probable an asset will be abandoned, the cost of the\\nasset and accumulated depreciation is reclassified to Regulatory assets on the\\nConsolidated Balance Sheets for amounts recoverable in rates. The carrying\\nvalue of the asset is based on historical cost if the Duke Energy Registrants are\\nallowed to recover the remaining net book value and a return equal to at least\\nthe incremental borrowing rate. If not, an impairment is recognized to the extent\\nthe net book value of the asset exceeds the present value of future revenues\\ndiscounted at the incremental borrowing rate.\\nWhen the Duke Energy Registrants sell entire regulated operating units,\\nor retire or sell nonregulated properties, the original cost and accumulated\\ndepreciation and amortization balances are removed from Property, Plant and\\nEquipment on the Consolidated Balance Sheets. Any gain or loss is recorded in\\nearnings, unless otherwise required by the applicable regulatory body.\\nSee Note 10 for further information.\"},{\"bbox\":[34.3,138.4,274.9,312.7],\"lines\":[{\"bbox\":[52.3,139.0,247.6,154.7],\"text\":\"The Duke Energy Registrants evaluate long-lived assets, excluding\"},{\"bbox\":[34.6,149.3,256.8,165.7],\"text\":\"goodwill, for impairment when circumstances indicate the carrying value of\"},{\"bbox\":[34.8,159.6,264.0,176.2],\"text\":\"those assets may not be recoverable. An impairment exists when a long-lived\"},{\"bbox\":[35.1,169.9,271.8,186.7],\"text\":\"asset’s carrying value exceeds the estimated undiscounted cash flows expected\"},{\"bbox\":[35.4,180.8,255.5,197.2],\"text\":\"to result from the use and eventual disposition of the asset. The estimated\"},{\"bbox\":[35.6,191.0,269.7,207.7],\"text\":\"cash flows may be based on alternative expected outcomes that are probability\"},{\"bbox\":[35.9,202.0,247.1,218.2],\"text\":\"weighted. If the carrying value of the long-lived asset is not recoverable\"},{\"bbox\":[36.2,212.1,263.8,228.7],\"text\":\"based on these estimated future undiscounted cash flows, the carrying value\"},{\"bbox\":[36.4,222.8,258.8,239.2],\"text\":\"of the asset is written-down to its then-current estimated fair value and an\"},{\"bbox\":[36.7,236.4,134.9,249.7],\"text\":\"impairment charge is recognized.\"},{\"bbox\":[54.9,243.5,269.1,259.7],\"text\":\"The Duke Energy Registrants assess fair value of long-lived assets using\"},{\"bbox\":[37.2,254.3,256.3,270.7],\"text\":\"various methods, including recent comparable third-party sales, internally\"},{\"bbox\":[37.5,264.6,265.5,281.2],\"text\":\"developed discounted cash flow analysis and analysis from outside advisors.\"},{\"bbox\":[37.7,275.5,252.6,291.7],\"text\":\"Triggering events to reassess cash flows may include, but are not limited\"},{\"bbox\":[38.0,286.0,250.7,302.2],\"text\":\"to, significant changes in commodity prices, the condition of an asset or\"},{\"bbox\":[38.3,298.6,166.4,312.7],\"text\":\"management’s interest in selling the asset.\"}],\"order\":5,\"text\":\"The Duke Energy Registrants evaluate long-lived assets, excluding\\ngoodwill, for impairment when circumstances indicate the carrying value of\\nthose assets may not be recoverable. An impairment exists when a long-lived\\nasset’s carrying value exceeds the estimated undiscounted cash flows expected\\nto result from the use and eventual disposition of the asset. The estimated\\ncash flows may be based on alternative expected outcomes that are probability\\nweighted. If the carrying value of the long-lived asset is not recoverable\\nbased on these estimated future undiscounted cash flows, the carrying value\\nof the asset is written-down to its then-current estimated fair value and an\\nimpairment charge is recognized.\\nThe Duke Energy Registrants assess fair value of long-lived assets using\\nvarious methods, including recent comparable third-party sales, internally\\ndeveloped discounted cash flow analysis and analysis from outside advisors.\\nTriggering events to reassess cash flows may include, but are not limited\\nto, significant changes in commodity prices, the condition of an asset or\\nmanagement’s interest in selling the asset.\"},{\"bbox\":[38.9,322.9,135.9,336.2],\"lines\":[{\"bbox\":[38.9,322.9,135.9,336.2],\"text\":\"Property, Plant and Equipment\"}],\"order\":6,\"text\":\"Property, Plant and Equipment\"},{\"bbox\":[39.3,335.8,281.2,499.6],\"lines\":[{\"bbox\":[57.3,336.4,255.4,352.2],\"text\":\"Property, plant and equipment are stated at the lower of depreciated\"},{\"bbox\":[39.5,346.4,277.3,363.1],\"text\":\"historical cost net of any disallowances or fair value, if impaired. The Duke Energy\"},{\"bbox\":[39.8,357.2,264.4,373.6],\"text\":\"Registrants capitalize all construction-related direct labor and material costs,\"},{\"bbox\":[40.1,367.7,262.8,384.1],\"text\":\"as well as indirect construction costs such as general engineering, taxes and\"},{\"bbox\":[40.3,378.2,264.3,394.6],\"text\":\"financing costs. See “Allowance for Funds Used During Construction (AFUDC)\"},{\"bbox\":[40.6,388.7,265.3,405.1],\"text\":\"and Interest Capitalized” for information on capitalized financing costs. Costs\"},{\"bbox\":[40.9,399.2,263.6,415.6],\"text\":\"of renewals and betterments that extend the useful life of property, plant and\"},{\"bbox\":[41.1,409.8,262.3,426.1],\"text\":\"equipment are also capitalized. The cost of repairs, replacements and major\"},{\"bbox\":[41.4,419.8,279.6,436.6],\"text\":\"maintenance projects, which do not extend the useful life or increase the expected\"},{\"bbox\":[41.7,430.4,278.6,447.1],\"text\":\"output of the asset, are expensed as incurred. Depreciation is generally computed\"},{\"bbox\":[41.9,441.4,259.9,457.6],\"text\":\"over the estimated useful life of the asset using the composite straight-line\"},{\"bbox\":[42.2,451.7,266.2,468.1],\"text\":\"method. Depreciation studies are conducted periodically to update composite\"},{\"bbox\":[42.5,462.4,259.9,478.6],\"text\":\"rates and are approved by state utility commissions and/or the FERC when\"},{\"bbox\":[42.7,472.5,273.9,489.1],\"text\":\"required. The composite weighted average depreciation rates, excluding nuclear\"},{\"bbox\":[43.0,485.8,165.4,499.6],\"text\":\"fuel, are included in the table that follows.\"}],\"order\":7,\"text\":\"Property, plant and equipment are stated at the lower of depreciated\\nhistorical cost net of any disallowances or fair value, if impaired. The Duke Energy\\nRegistrants capitalize all construction-related direct labor and material costs,\\nas well as indirect construction costs such as general engineering, taxes and\\nfinancing costs. See “Allowance for Funds Used During Construction (AFUDC)\\nand Interest Capitalized” for information on capitalized financing costs. Costs\\nof renewals and betterments that extend the useful life of property, plant and\\nequipment are also capitalized. The cost of repairs, replacements and major\\nmaintenance projects, which do not extend the useful life or increase the expected\\noutput of the asset, are expensed as incurred. Depreciation is generally computed\\nover the estimated useful life of the asset using the composite straight-line\\nmethod. Depreciation studies are conducted periodically to update composite\\nrates and are approved by state utility commissions and/or the FERC when\\nrequired. The composite weighted average depreciation rates, excluding nuclear\\nfuel, are included in the table that follows.\"},{\"bbox\":[293.7,353.9,334.0,365.8],\"lines\":[{\"bbox\":[293.7,353.9,334.0,365.8],\"text\":\"Nuclear Fuel\"}],\"order\":8,\"text\":\"Nuclear Fuel\"},{\"bbox\":[294.1,365.5,533.3,487.3],\"lines\":[{\"bbox\":[312.1,366.1,505.8,381.8],\"text\":\"Nuclear fuel is classified as Property, Plant and Equipment on the\"},{\"bbox\":[294.4,376.5,513.0,392.8],\"text\":\"Consolidated Balance Sheets, except for Duke Energy Florida. Nuclear fuel\"},{\"bbox\":[294.6,386.5,530.8,403.3],\"text\":\"amounts at Duke Energy Florida were reclassified to Regulatory assets pursuant\"},{\"bbox\":[294.9,397.1,528.2,413.8],\"text\":\"to the Revised and Restated Stipulation and Settlement Agreement approved in\"},{\"bbox\":[295.2,407.5,531.7,424.3],\"text\":\"November 2013 among Duke Energy Florida, the Florida Office of Public Counsel\"},{\"bbox\":[295.4,418.9,495.8,434.8],\"text\":\"(Florida OPC) and other customer advocates (the 2013 Settlement).\"},{\"bbox\":[313.7,428.8,521.4,444.8],\"text\":\"Nuclear fuel in the front-end fuel processing phase is considered work\"},{\"bbox\":[296.0,439.2,523.2,455.8],\"text\":\"in progress and not amortized until placed in service. Amortization of nuclear\"},{\"bbox\":[296.2,449.6,529.9,466.3],\"text\":\"fuel is included within Fuel used in electric generation and purchased power on\"},{\"bbox\":[296.5,460.1,527.7,476.8],\"text\":\"the Consolidated Statements of Operations. Amortization is recorded using the\"},{\"bbox\":[296.8,474.3,380.8,487.3],\"text\":\"units-of-production method.\"}],\"order\":9,\"text\":\"Nuclear fuel is classified as Property, Plant and Equipment on the\\nConsolidated Balance Sheets, except for Duke Energy Florida. Nuclear fuel\\namounts at Duke Energy Florida were reclassified to Regulatory assets pursuant\\nto the Revised and Restated Stipulation and Settlement Agreement approved in\\nNovember 2013 among Duke Energy Florida, the Florida Office of Public Counsel\\n(Florida OPC) and other customer advocates (the 2013 Settlement).\\nNuclear fuel in the front-end fuel processing phase is considered work\\nin progress and not amortized until placed in service. Amortization of nuclear\\nfuel is included within Fuel used in electric generation and purchased power on\\nthe Consolidated Statements of Operations. Amortization is recorded using the\\nunits-of-production method.\"},{\"bbox\":[297.3,494.2,522.7,510.7],\"lines\":[{\"bbox\":[297.3,494.2,522.7,510.7],\"text\":\"Allowance for Funds Used During Construction and Interest Capitalized\"}],\"order\":10,\"text\":\"Allowance for Funds Used During Construction and Interest Capitalized\"},{\"bbox\":[194.3,504.5,269.5,516.1],\"lines\":[{\"bbox\":[194.3,504.5,269.5,516.1],\"text\":\"Years Ended December 31,\"}],\"order\":11,\"text\":\"Years Ended December 31,\"},{\"bbox\":[202.8,520.3,216.8,530.3],\"lines\":[{\"bbox\":[202.8,520.3,216.8,530.3],\"text\":\"2017\"}],\"order\":12,\"text\":\"2017\"},{\"bbox\":[234.8,519.5,248.8,529.5],\"lines\":[{\"bbox\":[234.8,519.5,248.8,529.5],\"text\":\"2016\"}],\"order\":13,\"text\":\"2016\"},{\"bbox\":[266.9,518.7,280.9,528.7],\"lines\":[{\"bbox\":[266.9,518.7,280.9,528.7],\"text\":\"2015\"}],\"order\":14,\"text\":\"2015\"},{\"bbox\":[44.3,537.7,104.9,611.4],\"lines\":[{\"bbox\":[44.3,538.3,76.8,548.8],\"text\":\"Duke Energy\"},{\"bbox\":[44.5,548.1,103.5,559.2],\"text\":\"Duke Energy Carolinas\"},{\"bbox\":[44.8,559.0,87.0,569.6],\"text\":\"Progress Energy\"},{\"bbox\":[45.1,569.0,102.0,580.1],\"text\":\"Duke Energy Progress\"},{\"bbox\":[45.3,579.6,97.5,590.5],\"text\":\"Duke Energy Florida\"},{\"bbox\":[45.6,590.2,91.6,600.9],\"text\":\"Duke Energy Ohio\"},{\"bbox\":[45.9,600.4,99.8,611.4],\"text\":\"Duke Energy Indiana\"}],\"order\":15,\"text\":\"Duke Energy\\nDuke Energy Carolinas\\nProgress Energy\\nDuke Energy Progress\\nDuke Energy Florida\\nDuke Energy Ohio\\nDuke Energy Indiana\"},{\"bbox\":[201.1,534.7,218.8,607.4],\"lines\":[{\"bbox\":[201.1,534.7,217.2,544.8],\"text\":\"2.8 %\"},{\"bbox\":[201.4,545.2,217.5,555.2],\"text\":\"2.8 %\"},{\"bbox\":[201.7,555.6,217.7,565.7],\"text\":\"2.6 %\"},{\"bbox\":[201.9,566.1,218.0,576.1],\"text\":\"2.6 %\"},{\"bbox\":[202.2,576.5,218.3,586.5],\"text\":\"2.8 %\"},{\"bbox\":[202.5,586.9,218.5,597.0],\"text\":\"2.8 %\"},{\"bbox\":[202.7,597.4,218.8,607.4],\"text\":\"3.0 %\"}],\"order\":16,\"text\":\"2.8 %\\n2.8 %\\n2.6 %\\n2.6 %\\n2.8 %\\n2.8 %\\n3.0 %\"},{\"bbox\":[234.3,534.0,250.8,606.6],\"lines\":[{\"bbox\":[234.3,534.0,249.2,544.0],\"text\":\"2.8%\"},{\"bbox\":[234.5,544.4,249.4,554.4],\"text\":\"2.8%\"},{\"bbox\":[234.8,554.9,249.7,564.8],\"text\":\"2.7%\"},{\"bbox\":[235.1,565.3,250.0,575.3],\"text\":\"2.6%\"},{\"bbox\":[235.4,575.7,250.3,585.7],\"text\":\"2.8%\"},{\"bbox\":[235.6,586.2,250.5,596.2],\"text\":\"2.6%\"},{\"bbox\":[235.9,596.6,250.8,606.6],\"text\":\"3.1%\"}],\"order\":17,\"text\":\"2.8%\\n2.8%\\n2.7%\\n2.6%\\n2.8%\\n2.6%\\n3.1%\"},{\"bbox\":[266.8,533.2,283.0,605.8],\"lines\":[{\"bbox\":[266.8,533.2,281.4,543.1],\"text\":\"2.9%\"},{\"bbox\":[267.1,543.6,281.7,553.6],\"text\":\"2.8%\"},{\"bbox\":[267.3,554.0,282.0,564.0],\"text\":\"2.6%\"},{\"bbox\":[267.6,564.5,282.2,574.5],\"text\":\"2.6%\"},{\"bbox\":[267.9,574.9,282.5,584.9],\"text\":\"2.7%\"},{\"bbox\":[268.1,585.4,282.8,595.3],\"text\":\"2.7%\"},{\"bbox\":[268.4,595.8,283.0,605.8],\"text\":\"3.0%\"}],\"order\":18,\"text\":\"2.9%\\n2.8%\\n2.6%\\n2.6%\\n2.7%\\n2.7%\\n3.0%\"},{\"bbox\":[46.2,613.5,75.5,623.8],\"lines\":[{\"bbox\":[46.2,613.5,75.5,623.8],\"text\":\"Piedmont (a)\"}],\"order\":19,\"text\":\"Piedmont (a)\"},{\"bbox\":[203.0,609.8,219.1,619.8],\"lines\":[{\"bbox\":[203.0,609.8,219.1,619.8],\"text\":\"2.3 %\"}],\"order\":20,\"text\":\"2.3 %\"},{\"bbox\":[297.8,510.4,539.7,674.2],\"lines\":[{\"bbox\":[315.8,511.0,513.7,526.8],\"text\":\"For regulated operations, the debt and equity costs of financing the\"},{\"bbox\":[298.0,521.4,516.2,537.7],\"text\":\"construction of property, plant and equipment are reflected as AFUDC and\"},{\"bbox\":[298.3,531.5,534.8,548.2],\"text\":\"capitalized as a component of the cost of property, plant and equipment. AFUDC\"},{\"bbox\":[298.6,542.2,526.5,558.7],\"text\":\"equity is reported on the Consolidated Statements of Operations as non-cash\"},{\"bbox\":[298.8,552.7,527.3,569.2],\"text\":\"income in Other income and expenses, net. AFUDC debt is reported as a non-\"},{\"bbox\":[299.1,562.9,537.3,579.7],\"text\":\"cash offset to Interest Expense. After construction is completed, the Duke Energy\"},{\"bbox\":[299.3,573.6,530.4,590.2],\"text\":\"Registrants are permitted to recover these costs through their inclusion in rate\"},{\"bbox\":[299.6,584.2,528.2,600.7],\"text\":\"base and the corresponding subsequent depreciation or amortization of those\"},{\"bbox\":[299.9,599.2,350.9,611.2],\"text\":\"regulated assets.\"},{\"bbox\":[318.1,605.7,508.5,621.3],\"text\":\"AFUDC equity, a permanent difference for income taxes, reduces\"},{\"bbox\":[300.4,616.0,516.6,632.2],\"text\":\"the effective tax rate (ETR) when capitalized and increases the ETR when\"},{\"bbox\":[300.7,627.1,492.6,642.7],\"text\":\"depreciated or amortized. See Note 22 for additional information.\"},{\"bbox\":[318.9,637.4,500.3,652.8],\"text\":\"For nonregulated operations, interest is capitalized during the\"},{\"bbox\":[301.2,647.0,538.1,663.7],\"text\":\"construction phase with an offsetting non-cash credit to Interest Expense on the\"},{\"bbox\":[301.5,660.5,418.8,674.2],\"text\":\"Consolidated Statements of Operations.\"}],\"order\":21,\"text\":\"For regulated operations, the debt and equity costs of financing the\\nconstruction of property, plant and equipment are reflected as AFUDC and\\ncapitalized as a component of the cost of property, plant and equipment. AFUDC\\nequity is reported on the Consolidated Statements of Operations as non-cash\\nincome in Other income and expenses, net. AFUDC debt is reported as a non-\\ncash offset to Interest Expense. After construction is completed, the Duke Energy\\nRegistrants are permitted to recover these costs through their inclusion in rate\\nbase and the corresponding subsequent depreciation or amortization of those\\nregulated assets.\\nAFUDC equity, a permanent difference for income taxes, reduces\\nthe effective tax rate (ETR) when capitalized and increases the ETR when\\ndepreciated or amortized. See Note 22 for additional information.\\nFor nonregulated operations, interest is capitalized during the\\nconstruction phase with an offsetting non-cash credit to Interest Expense on the\\nConsolidated Statements of Operations.\"},{\"bbox\":[46.5,624.4,280.2,655.0],\"lines\":[{\"bbox\":[46.5,624.5,273.4,638.1],\"text\":\"(a) Piedmont’s weighted average depreciation rate was 2.4 percent, 2.4 percent, and 2.5 percent for the\"},{\"bbox\":[58.8,632.9,280.0,646.2],\"text\":\"annualized two months ended December 31, 2016 and for the years ended October 31, 2016 and 2015,\"},{\"bbox\":[59.0,646.3,85.6,654.7],\"text\":\"respectively.\"}],\"order\":22,\"text\":\"(a) Piedmont’s weighted average depreciation rate was 2.4 percent, 2.4 percent, and 2.5 percent for the\\nannualized two months ended December 31, 2016 and for the years ended October 31, 2016 and 2015,\\nrespectively.\"},{\"bbox\":[47.5,662.5,280.4,700.1],\"lines\":[{\"bbox\":[65.5,662.6,273.7,678.7],\"text\":\"In general, when the Duke Energy Registrants retire regulated property,\"},{\"bbox\":[47.8,673.0,280.1,689.6],\"text\":\"plant and equipment, the original cost plus the cost of retirement, less salvage\"},{\"bbox\":[48.0,683.8,267.0,700.1],\"text\":\"value, is charged to accumulated depreciation. However, when it becomes\"}],\"order\":23,\"text\":\"In general, when the Duke Energy Registrants retire regulated property,\\nplant and equipment, the original cost plus the cost of retirement, less salvage\\nvalue, is charged to accumulated depreciation. However, when it becomes\"},{\"bbox\":[289.7,742.5,301.5,753.6],\"lines\":[{\"bbox\":[289.7,742.5,301.5,753.6],\"text\":\"116\"}],\"order\":24,\"text\":\"116\"}],\"doc\":\"fintabnet:DUK_2017\",\"dpi\":72,\"image_px\":[576,774],\"layout\":[],\"markdown\":\"PART II\\n\\nDUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. • DUKE ENERGY PROGRESS, LLC •\\nDUKE ENERGY FLORIDA, LLC • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, LLC • PIEDMONT NATURAL GAS COMPANY, INC.\\n\\nCombined Notes to Consolidated Financial Statements – (Continued)\\n\\nLong-Lived Asset Impairments\\n\\nprobable the asset will be retired substantially in advance of its original\\nexpected useful life or is abandoned, the cost of the asset and the corresponding\\naccumulated depreciation is recognized as a separate asset. If the asset is still\\nin operation, the net amount is classified as Generation facilities to be retired,\\nnet on the Consolidated Balance Sheets. If the asset is no longer operating,\\nthe net amount is classified in Regulatory assets on the Consolidated Balance\\nSheets if deemed recoverable (see discussion of long-lived asset impairments\\nabove). When it becomes probable an asset will be abandoned, the cost of the\\nasset and accumulated depreciation is reclassified to Regulatory assets on the\\nConsolidated Balance Sheets for amounts recoverable in rates. The carrying\\nvalue of the asset is based on historical cost if the Duke Energy Registrants are\\nallowed to recover the remaining net book value and a return equal to at least\\nthe incremental borrowing rate. If not, an impairment is recognized to the extent\\nthe net book value of the asset exceeds the present value of future revenues\\ndiscounted at the incremental borrowing rate.\\nWhen the Duke Energy Registrants sell entire regulated operating units,\\nor retire or sell nonregulated properties, the original cost and accumulated\\ndepreciation and amortization balances are removed from Property, Plant and\\nEquipment on the Consolidated Balance Sheets. Any gain or loss is recorded in\\nearnings, unless otherwise required by the applicable regulatory body.\\nSee Note 10 for further information.\\n\\nThe Duke Energy Registrants evaluate long-lived assets, excluding\\ngoodwill, for impairment when circumstances indicate the carrying value of\\nthose assets may not be recoverable. An impairment exists when a long-lived\\nasset’s carrying value exceeds the estimated undiscounted cash flows expected\\nto result from the use and eventual disposition of the asset. The estimated\\ncash flows may be based on alternative expected outcomes that are probability\\nweighted. If the carrying value of the long-lived asset is not recoverable\\nbased on these estimated future undiscounted cash flows, the carrying value\\nof the asset is written-down to its then-current estimated fair value and an\\nimpairment charge is recognized.\\nThe Duke Energy Registrants assess fair value of long-lived assets using\\nvarious methods, including recent comparable third-party sales, internally\\ndeveloped discounted cash flow analysis and analysis from outside advisors.\\nTriggering events to reassess cash flows may include, but are not limited\\nto, significant changes in commodity prices, the condition of an asset or\\nmanagement’s interest in selling the asset.\\n\\nProperty, Plant and Equipment\\n\\nProperty, plant and equipment are stated at the lower of depreciated\\nhistorical cost net of any disallowances or fair value, if impaired. The Duke Energy\\nRegistrants capitalize all construction-related direct labor and material costs,\\nas well as indirect construction costs such as general engineering, taxes and\\nfinancing costs. See “Allowance for Funds Used During Construction (AFUDC)\\nand Interest Capitalized” for information on capitalized financing costs. Costs\\nof renewals and betterments that extend the useful life of property, plant and\\nequipment are also capitalized. The cost of repairs, replacements and major\\nmaintenance projects, which do not extend the useful life or increase the expected\\noutput of the asset, are expensed as incurred. Depreciation is generally computed\\nover the estimated useful life of the asset using the composite straight-line\\nmethod. Depreciation studies are conducted periodically to update composite\\nrates and are approved by state utility commissions and/or the FERC when\\nrequired. The composite weighted average depreciation rates, excluding nuclear\\nfuel, are included in the table that follows.\\n\\nNuclear Fuel\\n\\nNuclear fuel is classified as Property, Plant and Equipment on the\\nConsolidated Balance Sheets, except for Duke Energy Florida. Nuclear fuel\\namounts at Duke Energy Florida were reclassified to Regulatory assets pursuant\\nto the Revised and Restated Stipulation and Settlement Agreement approved in\\nNovember 2013 among Duke Energy Florida, the Florida Office of Public Counsel\\n(Florida OPC) and other customer advocates (the 2013 Settlement).\\nNuclear fuel in the front-end fuel processing phase is considered work\\nin progress and not amortized until placed in service. Amortization of nuclear\\nfuel is included within Fuel used in electric generation and purchased power on\\nthe Consolidated Statements of Operations. Amortization is recorded using the\\nunits-of-production method.\\n\\nAllowance for Funds Used During Construction and Interest Capitalized\\n\\n|  | Years Ended December 31, |  |  |\\n| --- | --- | --- | --- |\\n|  | 2017 | 2016 | 2015 |\\n| Duke Energy | 2.8% | 2.8% | 2.9% |\\n| Duke Energy Carolinas | 2.8% | 2.8% | 2.8% |\\n| Progress Energy | 2.6% | 2.7% | 2.6% |\\n| Duke Energy Progress | 2.6% | 2.6% | 2.6% |\\n| Duke Energy Florida | 2.8% | 2.8% | 2.7% |\\n| Duke Energy Ohio | 2.8% | 2.6% | 2.7% |\\n| Duke Energy Indiana | 3.0% | 3.1% | 3.0% |\\n| Piedmont(a) | 2.3% |  |  |\\n\\nFor regulated operations, the debt and equity costs of financing the\\nconstruction of property, plant and equipment are reflected as AFUDC and\\ncapitalized as a component of the cost of property, plant and equipment. AFUDC\\nequity is reported on the Consolidated Statements of Operations as non-cash\\nincome in Other income and expenses, net. AFUDC debt is reported as a non-\\ncash offset to Interest Expense. After construction is completed, the Duke Energy\\nRegistrants are permitted to recover these costs through their inclusion in rate\\nbase and the corresponding subsequent depreciation or amortization of those\\nregulated assets.\\nAFUDC equity, a permanent difference for income taxes, reduces\\nthe effective tax rate (ETR) when capitalized and increases the ETR when\\ndepreciated or amortized. See Note 22 for additional information.\\nFor nonregulated operations, interest is capitalized during the\\nconstruction phase with an offsetting non-cash credit to Interest Expense on the\\nConsolidated Statements of Operations.\\n\\n(a) Piedmont’s weighted average depreciation rate was 2.4 percent, 2.4 percent, and 2.5 percent for the\\nannualized two months ended December 31, 2016 and for the years ended October 31, 2016 and 2015,\\nrespectively.\\n\\nIn general, when the Duke Energy Registrants retire regulated property,\\nplant and equipment, the original cost plus the cost of retirement, less salvage\\nvalue, is charged to accumulated depreciation. However, when it becomes\\n\\n116\",\"name\":\"fintabnet.DUK_2017_page_130__72dpi_medium\",\"page_id\":\"fintabnet.DUK_2017_page_130\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.443,\"source\":\"fintabnet\",\"source_id\":\"DUK_2017_page_130\",\"stack\":[{\"deg\":1.443,\"op\":\"skew\"},{\"amp\":0.141,\"angle\":343.5,\"blob\":0.655,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":7.797},{\"bias\":0.073,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":28}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[43.5,504.3,283.4,623.8],\"block_orders\":[11,12,13,14,15,16,17,18,19,20],\"cells\":[{\"bbox\":[194.3,506.2,269.5,516.1],\"c0\":1,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\"Years Ended December 31,\"},{\"bbox\":[202.8,522.0,216.8,530.3],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2017\"},{\"bbox\":[234.8,521.2,248.8,529.5],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2016\"},{\"bbox\":[266.9,520.4,280.9,528.7],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"2015\"},{\"bbox\":[44.3,539.9,76.8,548.8],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Duke Energy\"},{\"bbox\":[201.2,536.4,217.2,544.8],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"2.8%\"},{\"bbox\":[234.3,535.6,249.2,544.0],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"2.8%\"},{\"bbox\":[266.8,534.8,281.4,543.1],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"2.9%\"},{\"bbox\":[44.6,549.7,103.5,559.2],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Duke Energy Carolinas\"},{\"bbox\":[201.4,546.8,217.5,555.2],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"2.8%\"},{\"bbox\":[234.6,546.0,249.4,554.4],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"2.8%\"},{\"bbox\":[267.1,545.2,281.7,553.6],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"2.8%\"},{\"bbox\":[44.8,560.6,87.0,569.6],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Progress Energy\"},{\"bbox\":[201.7,557.3,217.7,565.7],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"2.6%\"},{\"bbox\":[234.8,556.5,249.7,564.8],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"2.7%\"},{\"bbox\":[267.4,555.7,282.0,564.0],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"2.6%\"},{\"bbox\":[45.1,570.6,102.0,580.1],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Duke Energy Progress\"},{\"bbox\":[202.0,567.7,218.0,576.1],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"2.6%\"},{\"bbox\":[235.1,566.9,250.0,575.3],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"2.6%\"},{\"bbox\":[267.6,566.1,282.2,574.5],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"2.6%\"},{\"bbox\":[45.4,581.2,97.5,590.5],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Duke Energy Florida\"},{\"bbox\":[202.2,578.2,218.3,586.6],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"2.8%\"},{\"bbox\":[235.4,577.3,250.3,585.7],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"2.8%\"},{\"bbox\":[267.9,576.5,282.5,584.9],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"2.7%\"},{\"bbox\":[45.6,591.8,91.6,600.9],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Duke Energy Ohio\"},{\"bbox\":[202.5,588.6,218.5,597.0],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"2.8%\"},{\"bbox\":[235.7,587.8,250.5,596.2],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"2.6%\"},{\"bbox\":[268.2,587.0,282.8,595.3],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"2.7%\"},{\"bbox\":[45.9,602.0,99.8,611.4],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Duke Energy Indiana\"},{\"bbox\":[202.8,599.0,218.8,607.4],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"3.0%\"},{\"bbox\":[235.9,598.2,250.8,606.6],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"3.1%\"},{\"bbox\":[268.5,597.4,283.0,605.8],\"c0\":3,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"3.0%\"},{\"bbox\":[46.2,614.9,75.5,623.8],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Piedmont(a)\"},{\"bbox\":[203.1,611.4,219.1,619.8],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"2.3%\"}]}],\"text\":\"PART II\\n\\nDUKE ENERGY CORPORATION • DUKE ENERGY CAROLINAS, LLC • PROGRESS ENERGY, INC. • DUKE ENERGY PROGRESS, LLC •\\nDUKE ENERGY FLORIDA, LLC • DUKE ENERGY OHIO, INC. • DUKE ENERGY INDIANA, LLC • PIEDMONT NATURAL GAS COMPANY, INC.\\n\\nCombined Notes to Consolidated Financial Statements – (Continued)\\n\\nLong-Lived Asset Impairments\\n\\nprobable the asset will be retired substantially in advance of its original\\nexpected useful life or is abandoned, the cost of the asset and the corresponding\\naccumulated depreciation is recognized as a separate asset. If the asset is still\\nin operation, the net amount is classified as Generation facilities to be retired,\\nnet on the Consolidated Balance Sheets. If the asset is no longer operating,\\nthe net amount is classified in Regulatory assets on the Consolidated Balance\\nSheets if deemed recoverable (see discussion of long-lived asset impairments\\nabove). When it becomes probable an asset will be abandoned, the cost of the\\nasset and accumulated depreciation is reclassified to Regulatory assets on the\\nConsolidated Balance Sheets for amounts recoverable in rates. The carrying\\nvalue of the asset is based on historical cost if the Duke Energy Registrants are\\nallowed to recover the remaining net book value and a return equal to at least\\nthe incremental borrowing rate. If not, an impairment is recognized to the extent\\nthe net book value of the asset exceeds the present value of future revenues\\ndiscounted at the incremental borrowing rate.\\nWhen the Duke Energy Registrants sell entire regulated operating units,\\nor retire or sell nonregulated properties, the original cost and accumulated\\ndepreciation and amortization balances are removed from Property, Plant and\\nEquipment on the Consolidated Balance Sheets. Any gain or loss is recorded in\\nearnings, unless otherwise required by the applicable regulatory body.\\nSee Note 10 for further information.\\n\\nThe Duke Energy Registrants evaluate long-lived assets, excluding\\ngoodwill, for impairment when circumstances indicate the carrying value of\\nthose assets may not be recoverable. An impairment exists when a long-lived\\nasset’s carrying value exceeds the estimated undiscounted cash flows expected\\nto result from the use and eventual disposition of the asset. The estimated\\ncash flows may be based on alternative expected outcomes that are probability\\nweighted. If the carrying value of the long-lived asset is not recoverable\\nbased on these estimated future undiscounted cash flows, the carrying value\\nof the asset is written-down to its then-current estimated fair value and an\\nimpairment charge is recognized.\\nThe Duke Energy Registrants assess fair value of long-lived assets using\\nvarious methods, including recent comparable third-party sales, internally\\ndeveloped discounted cash flow analysis and analysis from outside advisors.\\nTriggering events to reassess cash flows may include, but are not limited\\nto, significant changes in commodity prices, the condition of an asset or\\nmanagement’s interest in selling the asset.\\n\\nProperty, Plant and Equipment\\n\\nProperty, plant and equipment are stated at the lower of depreciated\\nhistorical cost net of any disallowances or fair value, if impaired. The Duke Energy\\nRegistrants capitalize all construction-related direct labor and material costs,\\nas well as indirect construction costs such as general engineering, taxes and\\nfinancing costs. See “Allowance for Funds Used During Construction (AFUDC)\\nand Interest Capitalized” for information on capitalized financing costs. Costs\\nof renewals and betterments that extend the useful life of property, plant and\\nequipment are also capitalized. The cost of repairs, replacements and major\\nmaintenance projects, which do not extend the useful life or increase the expected\\noutput of the asset, are expensed as incurred. Depreciation is generally computed\\nover the estimated useful life of the asset using the composite straight-line\\nmethod. Depreciation studies are conducted periodically to update composite\\nrates and are approved by state utility commissions and/or the FERC when\\nrequired. The composite weighted average depreciation rates, excluding nuclear\\nfuel, are included in the table that follows.\\n\\nNuclear Fuel\\n\\nNuclear fuel is classified as Property, Plant and Equipment on the\\nConsolidated Balance Sheets, except for Duke Energy Florida. Nuclear fuel\\namounts at Duke Energy Florida were reclassified to Regulatory assets pursuant\\nto the Revised and Restated Stipulation and Settlement Agreement approved in\\nNovember 2013 among Duke Energy Florida, the Florida Office of Public Counsel\\n(Florida OPC) and other customer advocates (the 2013 Settlement).\\nNuclear fuel in the front-end fuel processing phase is considered work\\nin progress and not amortized until placed in service. Amortization of nuclear\\nfuel is included within Fuel used in electric generation and purchased power on\\nthe Consolidated Statements of Operations. Amortization is recorded using the\\nunits-of-production method.\\n\\nAllowance for Funds Used During Construction and Interest Capitalized\\n\\nYears Ended December 31,\\n\\n2017\\n\\n2016\\n\\n2015\\n\\nDuke Energy\\nDuke Energy Carolinas\\nProgress Energy\\nDuke Energy Progress\\nDuke Energy Florida\\nDuke Energy Ohio\\nDuke Energy Indiana\\n\\n2.8 %\\n2.8 %\\n2.6 %\\n2.6 %\\n2.8 %\\n2.8 %\\n3.0 %\\n\\n2.8%\\n2.8%\\n2.7%\\n2.6%\\n2.8%\\n2.6%\\n3.1%\\n\\n2.9%\\n2.8%\\n2.6%\\n2.6%\\n2.7%\\n2.7%\\n3.0%\\n\\nPiedmont (a)\\n\\n2.3 %\\n\\nFor regulated operations, the debt and equity costs of financing the\\nconstruction of property, plant and equipment are reflected as AFUDC and\\ncapitalized as a component of the cost of property, plant and equipment. AFUDC\\nequity is reported on the Consolidated Statements of Operations as non-cash\\nincome in Other income and expenses, net. AFUDC debt is reported as a non-\\ncash offset to Interest Expense. After construction is completed, the Duke Energy\\nRegistrants are permitted to recover these costs through their inclusion in rate\\nbase and the corresponding subsequent depreciation or amortization of those\\nregulated assets.\\nAFUDC equity, a permanent difference for income taxes, reduces\\nthe effective tax rate (ETR) when capitalized and increases the ETR when\\ndepreciated or amortized. See Note 22 for additional information.\\nFor nonregulated operations, interest is capitalized during the\\nconstruction phase with an offsetting non-cash credit to Interest Expense on the\\nConsolidated Statements of Operations.\\n\\n(a) Piedmont’s weighted average depreciation rate was 2.4 percent, 2.4 percent, and 2.5 percent for the\\nannualized two months ended December 31, 2016 and for the years ended October 31, 2016 and 2015,\\nrespectively.\\n\\nIn general, when the Duke Energy Registrants retire regulated property,\\nplant and equipment, the original cost plus the cost of retirement, less salvage\\nvalue, is charged to accumulated depreciation. However, when it becomes\\n\\n116\"},\"name\":\"fintabnet.DUK_2017_page_130__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":23302,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:DUK_2017\",\"dpi\":72,\"gt_sha256\":\"66c65953417dbe8ee64ca8e176839b49c220e5f75852098ea6bcc9c04d2658af\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.DUK_2017_page_130__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.DUK_2017_page_130\",\"pdf_sha256\":\"0eb2d808f4ddd42be1b8cc03f858188a3678d0f5512d21b30928d65bf9a1dd49\",\"px\":[576,774],\"scan\":{\"render\":\"000004b800fc7efc7efe7efc70fc7e007efe7efe007c62fe60fc3efc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"DUK_2017_page_130\",\"src\":{\"file_sha256\":\"3d2e0ee3cfd7077bdcf80f2f1e9689b3a0e79021813c4ad0005eae8ba2e64e77\",\"render\":\"00003ff836fc7efe7efc7efc70fc7e007efc7efc377c40fe64fc00f800000000\",\"text\":\"21b067ce272a8de77710ea8e8b6d13038833f94135a148d6902ffc49aba41047\"},\"stack\":[{\"deg\":1.443,\"op\":\"skew\"},{\"amp\":0.141,\"angle\":343.5,\"blob\":0.655,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":7.797},{\"bias\":0.073,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":28}],\"tools\":\"21647cade0ee\"},\"sha256\":\"0eb2d808f4ddd42be1b8cc03f858188a3678d0f5512d21b30928d65bf9a1dd49\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/0eb2d808f4ddd42be1b8cc03f858188a3678d0f5512d21b30928d65bf9a1dd49.pdf","asset_sha256":"0eb2d808f4ddd42be1b8cc03f858188a3678d0f5512d21b30928d65bf9a1dd49","document_id":"fintabnet:DUK_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"DUK_2017_page_130\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"EBAY_2006_page_92\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:EBAY_2006\",\"ground_truth\":{\"blocks\":[{\"bbox\":[384.3,103.6,440.9,116.1],\"lines\":[{\"bbox\":[384.3,103.6,440.9,116.1],\"text\":\"eBay Inc.\"}],\"order\":0,\"text\":\"eBay Inc.\"},{\"bbox\":[183.5,128.6,641.7,141.2],\"lines\":[{\"bbox\":[183.5,128.6,641.7,141.2],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"},{\"bbox\":[109.8,162.8,206.2,175.4],\"lines\":[{\"bbox\":[109.8,162.8,206.2,175.4],\"text\":\"Intangible Assets\"}],\"order\":2,\"text\":\"Intangible Assets\"},{\"bbox\":[123.6,189.5,622.4,202.2],\"lines\":[{\"bbox\":[123.6,189.5,622.4,202.2],\"text\":\"The components of acquired identifiable intangible assets are as follows (in thousands):\"}],\"order\":3,\"text\":\"The components of acquired identifiable intangible assets are as follows (in thousands):\"},{\"bbox\":[235.9,226.0,274.3,254.3],\"lines\":[{\"bbox\":[243.0,226.0,267.3,234.8],\"text\":\"Gross\"},{\"bbox\":[235.9,235.7,274.3,244.5],\"text\":\"Carrying\"},{\"bbox\":[238.1,245.5,272.1,254.3],\"text\":\"Amount\"}],\"order\":4,\"text\":\"Gross\\nCarrying\\nAmount\"},{\"bbox\":[291.3,212.2,398.0,254.3],\"lines\":[{\"bbox\":[312.0,212.2,392.1,221.0],\"text\":\"December 31, 2005\"},{\"bbox\":[371.6,226.0,386.1,234.8],\"text\":\"Net\"},{\"bbox\":[291.5,235.7,398.0,244.5],\"text\":\"Accumulated Carrying\"},{\"bbox\":[291.3,245.5,346.9,254.3],\"text\":\"Amortization\"},{\"bbox\":[361.9,245.5,395.9,254.3],\"text\":\"Amount\"}],\"order\":5,\"text\":\"December 31, 2005\\nNet\\nAccumulated Carrying\\nAmortization\\nAmount\"},{\"bbox\":[410.8,226.0,474.1,268.1],\"lines\":[{\"bbox\":[422.8,226.0,462.1,234.8],\"text\":\"Weighted\"},{\"bbox\":[410.8,235.7,474.1,244.5],\"text\":\"Average Useful\"},{\"bbox\":[412.0,245.5,472.9,254.3],\"text\":\"Economic Life\"},{\"bbox\":[428.1,259.3,456.7,268.1],\"text\":\"(years)\"}],\"order\":6,\"text\":\"Weighted\\nAverage Useful\\nEconomic Life\\n(years)\"},{\"bbox\":[491.0,226.0,529.4,254.3],\"lines\":[{\"bbox\":[498.1,226.0,522.4,234.8],\"text\":\"Gross\"},{\"bbox\":[491.0,235.7,529.4,244.5],\"text\":\"Carrying\"},{\"bbox\":[493.2,245.5,527.3,254.3],\"text\":\"Amount\"}],\"order\":7,\"text\":\"Gross\\nCarrying\\nAmount\"},{\"bbox\":[546.3,212.2,653.1,254.3],\"lines\":[{\"bbox\":[567.2,212.2,647.2,221.0],\"text\":\"December 31, 2006\"},{\"bbox\":[626.7,226.0,641.3,234.8],\"text\":\"Net\"},{\"bbox\":[546.6,235.7,653.1,244.5],\"text\":\"Accumulated Carrying\"},{\"bbox\":[546.3,245.5,601.9,254.3],\"text\":\"Amortization\"},{\"bbox\":[617.0,245.5,651.0,254.3],\"text\":\"Amount\"}],\"order\":8,\"text\":\"December 31, 2006\\nNet\\nAccumulated Carrying\\nAmortization\\nAmount\"},{\"bbox\":[665.9,226.0,729.2,268.1],\"lines\":[{\"bbox\":[677.9,226.0,717.3,234.8],\"text\":\"Weighted\"},{\"bbox\":[665.9,235.7,729.2,244.5],\"text\":\"Average Useful\"},{\"bbox\":[667.0,245.5,728.0,254.3],\"text\":\"Economic Life\"},{\"bbox\":[683.2,259.3,711.8,268.1],\"text\":\"(years)\"}],\"order\":9,\"text\":\"Weighted\\nAverage Useful\\nEconomic Life\\n(years)\"},{\"bbox\":[95.8,275.1,173.7,285.2],\"lines\":[{\"bbox\":[95.8,275.1,173.7,285.2],\"text\":\"Intangible assets:\"}],\"order\":10,\"text\":\"Intangible assets:\"},{\"bbox\":[107.0,291.8,280.1,343.6],\"lines\":[{\"bbox\":[107.0,291.8,213.5,301.9],\"text\":\"Customer lists and user\"},{\"bbox\":[118.1,304.3,280.1,314.5],\"text\":\"base . . . . . . . . . . . . $ 526,657\"},{\"bbox\":[107.0,320.9,205.3,331.1],\"text\":\"Trademarks and trade\"},{\"bbox\":[118.1,333.4,219.0,343.6],\"text\":\"names . . . . . . . . . .\"},{\"bbox\":[244.0,333.4,280.1,343.6],\"text\":\"443,565\"}],\"order\":11,\"text\":\"Customer lists and user\\nbase . . . . . . . . . . . . $ 526,657\\nTrademarks and trade\\nnames . . . . . . . . . .\\n443,565\"},{\"bbox\":[296.4,304.3,345.4,314.5],\"lines\":[{\"bbox\":[296.4,304.3,345.4,314.5],\"text\":\"$(145,397)\"}],\"order\":12,\"text\":\"$(145,397)\"},{\"bbox\":[358.0,304.3,399.7,314.5],\"lines\":[{\"bbox\":[358.0,304.3,399.7,314.5],\"text\":\"$381,260\"}],\"order\":13,\"text\":\"$381,260\"},{\"bbox\":[439.7,304.3,445.2,314.5],\"lines\":[{\"bbox\":[439.7,304.3,445.2,314.5],\"text\":\"6\"}],\"order\":14,\"text\":\"6\"},{\"bbox\":[485.2,304.3,535.3,314.5],\"lines\":[{\"bbox\":[485.2,304.3,535.3,314.5],\"text\":\"$ 545,527\"}],\"order\":15,\"text\":\"$ 545,527\"},{\"bbox\":[551.5,304.3,600.6,314.5],\"lines\":[{\"bbox\":[551.5,304.3,600.6,314.5],\"text\":\"$(240,340)\"}],\"order\":16,\"text\":\"$(240,340)\"},{\"bbox\":[613.2,304.3,654.8,314.5],\"lines\":[{\"bbox\":[613.2,304.3,654.8,314.5],\"text\":\"$305,187\"}],\"order\":17,\"text\":\"$305,187\"},{\"bbox\":[694.8,304.3,700.4,314.5],\"lines\":[{\"bbox\":[694.8,304.3,700.4,314.5],\"text\":\"6\"}],\"order\":18,\"text\":\"6\"},{\"bbox\":[307.5,333.4,345.4,343.6],\"lines\":[{\"bbox\":[307.5,333.4,345.4,343.6],\"text\":\"(75,571)\"}],\"order\":19,\"text\":\"(75,571)\"},{\"bbox\":[363.6,333.4,399.7,343.6],\"lines\":[{\"bbox\":[363.6,333.4,399.7,343.6],\"text\":\"367,994\"}],\"order\":20,\"text\":\"367,994\"},{\"bbox\":[439.7,333.4,445.2,343.6],\"lines\":[{\"bbox\":[439.7,333.4,445.2,343.6],\"text\":\"5\"}],\"order\":21,\"text\":\"5\"},{\"bbox\":[499.1,333.4,535.3,343.6],\"lines\":[{\"bbox\":[499.1,333.4,535.3,343.6],\"text\":\"480,358\"}],\"order\":22,\"text\":\"480,358\"},{\"bbox\":[557.0,333.4,600.5,343.6],\"lines\":[{\"bbox\":[557.0,333.4,600.5,343.6],\"text\":\"(171,390)\"}],\"order\":23,\"text\":\"(171,390)\"},{\"bbox\":[618.7,333.4,654.8,343.6],\"lines\":[{\"bbox\":[618.7,333.4,654.8,343.6],\"text\":\"308,968\"}],\"order\":24,\"text\":\"308,968\"},{\"bbox\":[694.8,333.4,700.4,343.6],\"lines\":[{\"bbox\":[694.8,333.4,700.4,343.6],\"text\":\"5\"}],\"order\":25,\"text\":\"5\"},{\"bbox\":[107.0,350.1,219.0,372.7],\"lines\":[{\"bbox\":[107.0,350.1,154.9,360.3],\"text\":\"Developed\"},{\"bbox\":[118.1,362.5,219.0,372.7],\"text\":\"technologies . . . . . .\"}],\"order\":26,\"text\":\"Developed\\ntechnologies . . . . . .\"},{\"bbox\":[244.0,362.5,280.1,372.7],\"lines\":[{\"bbox\":[244.0,362.5,280.1,372.7],\"text\":\"101,971\"}],\"order\":27,\"text\":\"101,971\"},{\"bbox\":[307.5,362.5,345.4,372.7],\"lines\":[{\"bbox\":[307.5,362.5,345.4,372.7],\"text\":\"(45,882)\"}],\"order\":28,\"text\":\"(45,882)\"},{\"bbox\":[369.1,362.5,399.7,372.7],\"lines\":[{\"bbox\":[369.1,362.5,399.7,372.7],\"text\":\"56,089\"}],\"order\":29,\"text\":\"56,089\"},{\"bbox\":[439.7,362.5,445.3,372.7],\"lines\":[{\"bbox\":[439.7,362.5,445.3,372.7],\"text\":\"4\"}],\"order\":30,\"text\":\"4\"},{\"bbox\":[499.1,362.5,535.3,372.7],\"lines\":[{\"bbox\":[499.1,362.5,535.3,372.7],\"text\":\"103,351\"}],\"order\":31,\"text\":\"103,351\"},{\"bbox\":[562.6,362.5,600.6,372.7],\"lines\":[{\"bbox\":[562.6,362.5,600.6,372.7],\"text\":\"(63,912)\"}],\"order\":32,\"text\":\"(63,912)\"},{\"bbox\":[624.3,362.5,654.8,372.7],\"lines\":[{\"bbox\":[624.3,362.5,654.8,372.7],\"text\":\"39,439\"}],\"order\":33,\"text\":\"39,439\"},{\"bbox\":[694.8,362.5,700.4,372.7],\"lines\":[{\"bbox\":[694.8,362.5,700.4,372.7],\"text\":\"4\"}],\"order\":34,\"text\":\"4\"},{\"bbox\":[107.0,379.2,219.0,389.4],\"lines\":[{\"bbox\":[107.0,379.2,219.0,389.4],\"text\":\"All other . . . . . . . . . .\"}],\"order\":35,\"text\":\"All other . . . . . . . . . .\"},{\"bbox\":[249.5,379.2,280.1,389.4],\"lines\":[{\"bbox\":[249.5,379.2,280.1,389.4],\"text\":\"36,450\"}],\"order\":36,\"text\":\"36,450\"},{\"bbox\":[307.5,379.2,345.4,389.4],\"lines\":[{\"bbox\":[307.5,379.2,345.4,389.4],\"text\":\"(14,761)\"}],\"order\":37,\"text\":\"(14,761)\"},{\"bbox\":[369.1,379.2,399.7,389.4],\"lines\":[{\"bbox\":[369.1,379.2,399.7,389.4],\"text\":\"21,689\"}],\"order\":38,\"text\":\"21,689\"},{\"bbox\":[439.7,379.2,445.2,389.4],\"lines\":[{\"bbox\":[439.7,379.2,445.2,389.4],\"text\":\"4\"}],\"order\":39,\"text\":\"4\"},{\"bbox\":[504.7,379.2,535.2,389.4],\"lines\":[{\"bbox\":[504.7,379.2,535.2,389.4],\"text\":\"58,115\"}],\"order\":40,\"text\":\"58,115\"},{\"bbox\":[562.6,379.2,600.6,389.4],\"lines\":[{\"bbox\":[562.6,379.2,600.6,389.4],\"text\":\"(26,232)\"}],\"order\":41,\"text\":\"(26,232)\"},{\"bbox\":[624.3,379.2,654.8,389.4],\"lines\":[{\"bbox\":[624.3,379.2,654.8,389.4],\"text\":\"31,883\"}],\"order\":42,\"text\":\"31,883\"},{\"bbox\":[694.8,379.2,700.4,389.4],\"lines\":[{\"bbox\":[694.8,379.2,700.4,389.4],\"text\":\"4\"}],\"order\":43,\"text\":\"4\"},{\"bbox\":[230.1,400.1,280.1,410.3],\"lines\":[{\"bbox\":[230.1,400.1,280.1,410.3],\"text\":\"$1,108,643\"}],\"order\":44,\"text\":\"$1,108,643\"},{\"bbox\":[296.4,400.1,345.5,410.3],\"lines\":[{\"bbox\":[296.4,400.1,345.5,410.3],\"text\":\"$(281,611)\"}],\"order\":45,\"text\":\"$(281,611)\"},{\"bbox\":[358.0,400.1,399.7,410.3],\"lines\":[{\"bbox\":[358.0,400.1,399.7,410.3],\"text\":\"$827,032\"}],\"order\":46,\"text\":\"$827,032\"},{\"bbox\":[485.2,400.1,535.2,410.3],\"lines\":[{\"bbox\":[485.2,400.1,535.2,410.3],\"text\":\"$1,187,351\"}],\"order\":47,\"text\":\"$1,187,351\"},{\"bbox\":[551.5,400.1,600.6,410.3],\"lines\":[{\"bbox\":[551.5,400.1,600.6,410.3],\"text\":\"$(501,874)\"}],\"order\":48,\"text\":\"$(501,874)\"},{\"bbox\":[613.2,400.1,654.8,410.3],\"lines\":[{\"bbox\":[613.2,400.1,654.8,410.3],\"text\":\"$685,477\"}],\"order\":49,\"text\":\"$685,477\"},{\"bbox\":[95.8,431.8,729.1,611.2],\"lines\":[{\"bbox\":[123.6,431.8,728.8,444.5],\"text\":\"All of our acquired identifiable intangible assets are subject to amortization. Acquired identifiable intangible\"},{\"bbox\":[95.8,448.5,729.1,461.2],\"text\":\"assets are comprised of customer lists and user base, trademarks and trade names, developed technologies, and other\"},{\"bbox\":[95.8,465.1,728.9,477.8],\"text\":\"acquired intangible assets including patents and contractual agreements. No significant residual value is estimated\"},{\"bbox\":[95.8,481.8,729.0,494.5],\"text\":\"for the intangible assets. The increase in intangible assets during the year ended December 31, 2006 resulted\"},{\"bbox\":[95.8,498.5,728.9,511.2],\"text\":\"primarily from certain intangible assets acquired as part of our acquisition of the outstanding shares of Tradera.com.\"},{\"bbox\":[95.8,515.1,729.1,527.8],\"text\":\"The net carrying amount of intangible assets related to our equity investments, included above, totaled approx-\"},{\"bbox\":[95.8,531.8,728.8,544.5],\"text\":\"imately $3.8 million and $2.5 million, as of December 31, 2005 and 2006, respectively. Aggregate amortization\"},{\"bbox\":[95.8,548.5,729.0,561.2],\"text\":\"expense for intangible assets totaled $70.2 million, $136.4 million and $220.0 million for the years ended\"},{\"bbox\":[95.8,565.1,729.1,577.8],\"text\":\"December 31, 2004, 2005 and 2006, respectively. Included in amortization of intangibles for the year ended\"},{\"bbox\":[95.8,581.8,729.1,594.5],\"text\":\"December 31, 2006 is a charge of $10.9 million for in-process research and development related to an asset purchase\"},{\"bbox\":[95.8,598.5,259.7,611.2],\"text\":\"completed during the period.\"}],\"order\":50,\"text\":\"All of our acquired identifiable intangible assets are subject to amortization. Acquired identifiable intangible\\nassets are comprised of customer lists and user base, trademarks and trade names, developed technologies, and other\\nacquired intangible assets including patents and contractual agreements. No significant residual value is estimated\\nfor the intangible assets. The increase in intangible assets during the year ended December 31, 2006 resulted\\nprimarily from certain intangible assets acquired as part of our acquisition of the outstanding shares of Tradera.com.\\nThe net carrying amount of intangible assets related to our equity investments, included above, totaled approx-\\nimately $3.8 million and $2.5 million, as of December 31, 2005 and 2006, respectively. Aggregate amortization\\nexpense for intangible assets totaled $70.2 million, $136.4 million and $220.0 million for the years ended\\nDecember 31, 2004, 2005 and 2006, respectively. Included in amortization of intangibles for the year ended\\nDecember 31, 2006 is a charge of $10.9 million for in-process research and development related to an asset purchase\\ncompleted during the period.\"},{\"bbox\":[95.8,625.2,729.2,654.5],\"lines\":[{\"bbox\":[123.6,625.2,729.2,637.9],\"text\":\"Expected future intangible asset amortization from acquisitions completed as of December 31, 2006 is as\"},{\"bbox\":[95.8,641.8,225.6,654.5],\"text\":\"follows (in thousands):\"}],\"order\":51,\"text\":\"Expected future intangible asset amortization from acquisitions completed as of December 31, 2006 is as\\nfollows (in thousands):\"},{\"bbox\":[123.6,667.1,701.4,796.6],\"lines\":[{\"bbox\":[123.6,667.1,196.3,679.9],\"text\":\"Fiscal Years:\"},{\"bbox\":[137.6,686.6,701.4,699.3],\"text\":\"2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $202,545\"},{\"bbox\":[137.6,706.0,635.5,718.8],\"text\":\"2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[656.3,706.0,701.4,718.8],\"text\":\"194,018\"},{\"bbox\":[137.6,725.5,635.5,738.2],\"text\":\"2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[656.3,725.5,701.4,738.2],\"text\":\"172,708\"},{\"bbox\":[137.6,744.9,635.5,757.7],\"text\":\"2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[663.2,744.9,701.4,757.7],\"text\":\"97,176\"},{\"bbox\":[137.6,764.4,635.5,777.1],\"text\":\"2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[663.2,764.4,701.4,777.1],\"text\":\"13,604\"},{\"bbox\":[137.6,783.8,635.5,796.6],\"text\":\"Thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[670.2,783.8,701.4,796.6],\"text\":\"5,426\"}],\"order\":52,\"text\":\"Fiscal Years:\\n2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $202,545\\n2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n194,018\\n2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n172,708\\n2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n97,176\\n2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n13,604\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n5,426\"},{\"bbox\":[649.3,807.4,701.4,820.1],\"lines\":[{\"bbox\":[649.3,807.4,701.4,820.1],\"text\":\"$685,477\"}],\"order\":53,\"text\":\"$685,477\"},{\"bbox\":[95.8,851.1,216.8,863.6],\"lines\":[{\"bbox\":[95.8,851.1,216.8,863.6],\"text\":\"Note 4 — Segments:\"}],\"order\":54,\"text\":\"Note 4 — Segments:\"},{\"bbox\":[95.8,877.8,729.1,990.5],\"lines\":[{\"bbox\":[123.6,877.8,729.1,890.5],\"text\":\"Operating segments are based upon our internal organization structure, the manner in which our operations are\"},{\"bbox\":[95.8,894.5,729.1,907.2],\"text\":\"managed, the criteria used by our Chief Operating Decision Maker (CODM) to evaluate segment performance and\"},{\"bbox\":[95.8,911.1,729.1,923.8],\"text\":\"the availability of separate financial information. As a result of developments in our business and changes in the\"},{\"bbox\":[95.8,927.8,728.9,940.5],\"text\":\"manner in which our CODM evaluates the performance of our Marketplaces segment and determines the allocation\"},{\"bbox\":[95.8,944.5,729.0,957.2],\"text\":\"of resources among segments, during the third quarter of 2006, the U.S. and International Marketplaces operating\"},{\"bbox\":[95.8,961.1,729.1,973.8],\"text\":\"segments were considered components of one global Marketplaces operating segment. We have recast our\"},{\"bbox\":[95.8,977.8,728.9,990.5],\"text\":\"operating segment data for 2004 and 2005 to reflect three segments: Marketplaces, Payments and Communications.\"}],\"order\":55,\"text\":\"Operating segments are based upon our internal organization structure, the manner in which our operations are\\nmanaged, the criteria used by our Chief Operating Decision Maker (CODM) to evaluate segment performance and\\nthe availability of separate financial information. As a result of developments in our business and changes in the\\nmanner in which our CODM evaluates the performance of our Marketplaces segment and determines the allocation\\nof resources among segments, during the third quarter of 2006, the U.S. and International Marketplaces operating\\nsegments were considered components of one global Marketplaces operating segment. We have recast our\\noperating segment data for 2004 and 2005 to reflect three segments: Marketplaces, Payments and Communications.\"},{\"bbox\":[405.6,1011.1,419.5,1023.8],\"lines\":[{\"bbox\":[405.6,1011.1,419.5,1023.8],\"text\":\"88\"}],\"order\":56,\"text\":\"88\"}],\"doc\":\"fintabnet:EBAY_2006\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"eBay Inc.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nIntangible Assets\\n\\nThe components of acquired identifiable intangible assets are as follows (in thousands):\\n\\nGross\\nCarrying\\nAmount\\n\\nDecember 31, 2005\\nNet\\nAccumulated Carrying\\nAmortization\\nAmount\\n\\nWeighted\\nAverage Useful\\nEconomic Life\\n(years)\\n\\nGross\\nCarrying\\nAmount\\n\\nDecember 31, 2006\\nNet\\nAccumulated Carrying\\nAmortization\\nAmount\\n\\nWeighted\\nAverage Useful\\nEconomic Life\\n(years)\\n\\nIntangible assets:\\n\\nCustomer lists and user\\nbase . . . . . . . . . . . . $ 526,657\\nTrademarks and trade\\nnames . . . . . . . . . .\\n443,565\\n\\n$(145,397)\\n\\n$381,260\\n\\n6\\n\\n$ 545,527\\n\\n$(240,340)\\n\\n$305,187\\n\\n6\\n\\n(75,571)\\n\\n367,994\\n\\n5\\n\\n480,358\\n\\n(171,390)\\n\\n308,968\\n\\n5\\n\\nDeveloped\\ntechnologies . . . . . .\\n\\n101,971\\n\\n(45,882)\\n\\n56,089\\n\\n4\\n\\n103,351\\n\\n(63,912)\\n\\n39,439\\n\\n4\\n\\nAll other . . . . . . . . . .\\n\\n36,450\\n\\n(14,761)\\n\\n21,689\\n\\n4\\n\\n58,115\\n\\n(26,232)\\n\\n31,883\\n\\n4\\n\\n$1,108,643\\n\\n$(281,611)\\n\\n$827,032\\n\\n$1,187,351\\n\\n$(501,874)\\n\\n$685,477\\n\\nAll of our acquired identifiable intangible assets are subject to amortization. Acquired identifiable intangible\\nassets are comprised of customer lists and user base, trademarks and trade names, developed technologies, and other\\nacquired intangible assets including patents and contractual agreements. No significant residual value is estimated\\nfor the intangible assets. The increase in intangible assets during the year ended December 31, 2006 resulted\\nprimarily from certain intangible assets acquired as part of our acquisition of the outstanding shares of Tradera.com.\\nThe net carrying amount of intangible assets related to our equity investments, included above, totaled approx-\\nimately $3.8 million and $2.5 million, as of December 31, 2005 and 2006, respectively. Aggregate amortization\\nexpense for intangible assets totaled $70.2 million, $136.4 million and $220.0 million for the years ended\\nDecember 31, 2004, 2005 and 2006, respectively. Included in amortization of intangibles for the year ended\\nDecember 31, 2006 is a charge of $10.9 million for in-process research and development related to an asset purchase\\ncompleted during the period.\\n\\nExpected future intangible asset amortization from acquisitions completed as of December 31, 2006 is as\\nfollows (in thousands):\\n\\nFiscal Years:\\n2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $202,545\\n2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n194,018\\n2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n172,708\\n2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n97,176\\n2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n13,604\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n5,426\\n\\n$685,477\\n\\nNote 4 — Segments:\\n\\nOperating segments are based upon our internal organization structure, the manner in which our operations are\\nmanaged, the criteria used by our Chief Operating Decision Maker (CODM) to evaluate segment performance and\\nthe availability of separate financial information. As a result of developments in our business and changes in the\\nmanner in which our CODM evaluates the performance of our Marketplaces segment and determines the allocation\\nof resources among segments, during the third quarter of 2006, the U.S. and International Marketplaces operating\\nsegments were considered components of one global Marketplaces operating segment. We have recast our\\noperating segment data for 2004 and 2005 to reflect three segments: Marketplaces, Payments and Communications.\\n\\n88\",\"name\":\"fintabnet.EBAY_2006_page_92__100dpi_none\",\"page_id\":\"fintabnet.EBAY_2006_page_92\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"EBAY_2006_page_92\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[95.8,209.9,729.2,410.3],\"block_orders\":[4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49],\"cells\":null}],\"text\":\"eBay Inc.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nIntangible Assets\\n\\nThe components of acquired identifiable intangible assets are as follows (in thousands):\\n\\nGross\\nCarrying\\nAmount\\n\\nDecember 31, 2005\\nNet\\nAccumulated Carrying\\nAmortization\\nAmount\\n\\nWeighted\\nAverage Useful\\nEconomic Life\\n(years)\\n\\nGross\\nCarrying\\nAmount\\n\\nDecember 31, 2006\\nNet\\nAccumulated Carrying\\nAmortization\\nAmount\\n\\nWeighted\\nAverage Useful\\nEconomic Life\\n(years)\\n\\nIntangible assets:\\n\\nCustomer lists and user\\nbase . . . . . . . . . . . . $ 526,657\\nTrademarks and trade\\nnames . . . . . . . . . .\\n443,565\\n\\n$(145,397)\\n\\n$381,260\\n\\n6\\n\\n$ 545,527\\n\\n$(240,340)\\n\\n$305,187\\n\\n6\\n\\n(75,571)\\n\\n367,994\\n\\n5\\n\\n480,358\\n\\n(171,390)\\n\\n308,968\\n\\n5\\n\\nDeveloped\\ntechnologies . . . . . .\\n\\n101,971\\n\\n(45,882)\\n\\n56,089\\n\\n4\\n\\n103,351\\n\\n(63,912)\\n\\n39,439\\n\\n4\\n\\nAll other . . . . . . . . . .\\n\\n36,450\\n\\n(14,761)\\n\\n21,689\\n\\n4\\n\\n58,115\\n\\n(26,232)\\n\\n31,883\\n\\n4\\n\\n$1,108,643\\n\\n$(281,611)\\n\\n$827,032\\n\\n$1,187,351\\n\\n$(501,874)\\n\\n$685,477\\n\\nAll of our acquired identifiable intangible assets are subject to amortization. Acquired identifiable intangible\\nassets are comprised of customer lists and user base, trademarks and trade names, developed technologies, and other\\nacquired intangible assets including patents and contractual agreements. No significant residual value is estimated\\nfor the intangible assets. The increase in intangible assets during the year ended December 31, 2006 resulted\\nprimarily from certain intangible assets acquired as part of our acquisition of the outstanding shares of Tradera.com.\\nThe net carrying amount of intangible assets related to our equity investments, included above, totaled approx-\\nimately $3.8 million and $2.5 million, as of December 31, 2005 and 2006, respectively. Aggregate amortization\\nexpense for intangible assets totaled $70.2 million, $136.4 million and $220.0 million for the years ended\\nDecember 31, 2004, 2005 and 2006, respectively. Included in amortization of intangibles for the year ended\\nDecember 31, 2006 is a charge of $10.9 million for in-process research and development related to an asset purchase\\ncompleted during the period.\\n\\nExpected future intangible asset amortization from acquisitions completed as of December 31, 2006 is as\\nfollows (in thousands):\\n\\nFiscal Years:\\n2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $202,545\\n2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n194,018\\n2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n172,708\\n2010 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n97,176\\n2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n13,604\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n5,426\\n\\n$685,477\\n\\nNote 4 — Segments:\\n\\nOperating segments are based upon our internal organization structure, the manner in which our operations are\\nmanaged, the criteria used by our Chief Operating Decision Maker (CODM) to evaluate segment performance and\\nthe availability of separate financial information. As a result of developments in our business and changes in the\\nmanner in which our CODM evaluates the performance of our Marketplaces segment and determines the allocation\\nof resources among segments, during the third quarter of 2006, the U.S. and International Marketplaces operating\\nsegments were considered components of one global Marketplaces operating segment. We have recast our\\noperating segment data for 2004 and 2005 to reflect three segments: Marketplaces, Payments and Communications.\\n\\n88\"},\"name\":\"fintabnet.EBAY_2006_page_92__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":68724,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:EBAY_2006\",\"dpi\":100,\"gt_sha256\":\"7a20bafa0b324120d3b94e4cd1f341a443031aab9fabedc85c7a0603113f6b6d\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.EBAY_2006_page_92__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.EBAY_2006_page_92\",\"pdf_sha256\":\"f5eff7730e60d75bae77ee382c2fac796fd4b5a20d941a88b385e23aa385d163\",\"px\":[850,1100],\"scan\":{\"render\":\"000003c030000ffc300027703ffc3ffc3ffc30002008000830083ffc3ff80000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"EBAY_2006_page_92\",\"src\":{\"file_sha256\":\"1fcd28da6aa4e7dc52d8da1ac0e116ce2c10d6493dce1ce07ca4cf878493b284\",\"render\":\"000007d030000ffc30002f703ffc3ffc3ffc30002008000830003ffc3ff80000\",\"text\":\"c8e78365e74588e476c9e47f9d021fd8a1d1a2f396cc86f089ca7f73335b7b95\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f5eff7730e60d75bae77ee382c2fac796fd4b5a20d941a88b385e23aa385d163\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f5eff7730e60d75bae77ee382c2fac796fd4b5a20d941a88b385e23aa385d163.pdf","asset_sha256":"f5eff7730e60d75bae77ee382c2fac796fd4b5a20d941a88b385e23aa385d163","document_id":"fintabnet:EBAY_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"EBAY_2006_page_92\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ED_2008_page_60\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ED_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[166.7,105.7,1250.4,164.2],\"lines\":[{\"bbox\":[166.7,105.7,1250.4,128.1],\"text\":\"M ANAGEMENT ’ S D ISCUSSION AND A NALYSIS OF F INANCIAL C ONDITION AND R ESULTS OF O PERATIONS\"},{\"bbox\":[166.7,141.8,998.1,164.2],\"text\":\"(C OMBINED FOR C ON E DISON AND C ON E DISON OF N EW Y ORK ) – C ONTINUED\"}],\"order\":0,\"text\":\"M ANAGEMENT ’ S D ISCUSSION AND A NALYSIS OF F INANCIAL C ONDITION AND R ESULTS OF O PERATIONS\\n(C OMBINED FOR C ON E DISON AND C ON E DISON OF N EW Y ORK ) – C ONTINUED\"},{\"bbox\":[166.7,211.3,1222.2,306.1],\"lines\":[{\"bbox\":[166.7,211.3,221.3,233.7],\"text\":\"O&R\"},{\"bbox\":[166.7,247.4,257.3,269.8],\"text\":\"Electric\"},{\"bbox\":[166.7,283.5,1222.2,306.1],\"text\":\"O&R’s electric sales and deliveries, excluding off-system sales, in 2008 compared with 2007 were:\"}],\"order\":1,\"text\":\"O&R\\nElectric\\nO&R’s electric sales and deliveries, excluding off-system sales, in 2008 compared with 2007 were:\"},{\"bbox\":[166.7,432.7,288.8,452.6],\"lines\":[{\"bbox\":[166.7,432.7,288.8,452.6],\"text\":\"Description\"}],\"order\":2,\"text\":\"Description\"},{\"bbox\":[499.4,349.4,1600.0,452.6],\"lines\":[{\"bbox\":[629.7,349.4,909.6,369.3],\"text\":\"Millions of kWhs Delivered\"},{\"bbox\":[1221.1,349.4,1438.3,369.3],\"text\":\"Revenues in Millions\"},{\"bbox\":[539.0,377.1,773.0,397.1],\"text\":\"Twelve Months Ended\"},{\"bbox\":[1099.0,377.1,1333.0,397.1],\"text\":\"Twelve Months Ended\"},{\"bbox\":[499.4,404.9,812.8,424.8],\"text\":\"December 31, December 31,\"},{\"bbox\":[951.5,404.9,1372.8,424.8],\"text\":\"Percent December 31, December 31,\"},{\"bbox\":[1511.5,404.9,1594.3,424.8],\"text\":\"Percent\"},{\"bbox\":[548.2,432.7,597.6,452.6],\"text\":\"2008\"},{\"bbox\":[714.6,432.7,764.0,452.6],\"text\":\"2007\"},{\"bbox\":[832.2,432.7,1040.0,452.6],\"text\":\"Variation Variation\"},{\"bbox\":[1108.2,432.7,1157.6,452.6],\"text\":\"2008\"},{\"bbox\":[1274.6,432.7,1324.0,452.6],\"text\":\"2007\"},{\"bbox\":[1392.2,432.7,1600.0,452.6],\"text\":\"Variation Variation\"}],\"order\":3,\"text\":\"Millions of kWhs Delivered\\nRevenues in Millions\\nTwelve Months Ended\\nTwelve Months Ended\\nDecember 31, December 31,\\nPercent December 31, December 31,\\nPercent\\n2008\\n2007\\nVariation Variation\\n2008\\n2007\\nVariation Variation\"},{\"bbox\":[166.7,475.2,428.8,606.1],\"lines\":[{\"bbox\":[166.7,475.2,388.4,497.8],\"text\":\"Residential/Religious\"},{\"bbox\":[166.7,511.3,400.5,533.9],\"text\":\"Commercial/Industrial\"},{\"bbox\":[166.7,547.4,428.8,570.0],\"text\":\"Retail access customers\"},{\"bbox\":[166.7,583.5,349.8,606.1],\"text\":\"Public authorities\"}],\"order\":4,\"text\":\"Residential/Religious\\nCommercial/Industrial\\nRetail access customers\\nPublic authorities\"},{\"bbox\":[541.7,475.2,604.2,606.1],\"lines\":[{\"bbox\":[541.7,475.2,604.2,497.8],\"text\":\"1,892\"},{\"bbox\":[541.7,511.3,604.2,533.9],\"text\":\"2,082\"},{\"bbox\":[541.7,547.4,604.2,570.0],\"text\":\"1,814\"},{\"bbox\":[562.5,583.5,604.2,606.1],\"text\":\"119\"}],\"order\":5,\"text\":\"1,892\\n2,082\\n1,814\\n119\"},{\"bbox\":[708.1,475.2,770.6,606.1],\"lines\":[{\"bbox\":[708.1,475.2,770.6,497.8],\"text\":\"1,913\"},{\"bbox\":[708.1,511.3,770.6,533.9],\"text\":\"2,191\"},{\"bbox\":[708.1,547.4,770.6,570.0],\"text\":\"1,687\"},{\"bbox\":[728.9,583.5,770.6,606.1],\"text\":\"120\"}],\"order\":6,\"text\":\"1,913\\n2,191\\n1,687\\n120\"},{\"bbox\":[855.6,475.2,909.3,606.1],\"lines\":[{\"bbox\":[869.4,475.2,909.3,497.8],\"text\":\"(21)\"},{\"bbox\":[855.6,511.3,909.3,533.9],\"text\":\"(109)\"},{\"bbox\":[861.5,547.4,903.2,570.0],\"text\":\"127\"},{\"bbox\":[883.3,583.5,909.3,606.1],\"text\":\"(1)\"}],\"order\":7,\"text\":\"(21)\\n(109)\\n127\\n(1)\"},{\"bbox\":[973.3,475.2,1042.4,606.1],\"lines\":[{\"bbox\":[973.3,475.2,1042.4,497.8],\"text\":\"(1.1)%\"},{\"bbox\":[973.3,511.3,1020.1,533.9],\"text\":\"(5.0)\"},{\"bbox\":[979.3,547.4,1014.1,570.0],\"text\":\"7.5\"},{\"bbox\":[973.3,583.5,1020.1,606.1],\"text\":\"(0.8)\"}],\"order\":8,\"text\":\"(1.1)%\\n(5.0)\\n7.5\\n(0.8)\"},{\"bbox\":[166.7,627.9,439.2,650.6],\"lines\":[{\"bbox\":[166.7,627.9,439.2,650.6],\"text\":\"Other operating revenues\"}],\"order\":9,\"text\":\"Other operating revenues\"},{\"bbox\":[594.9,627.9,604.1,650.6],\"lines\":[{\"bbox\":[594.9,627.9,604.1,650.6],\"text\":\"-\"}],\"order\":10,\"text\":\"-\"},{\"bbox\":[761.2,627.9,770.5,650.6],\"lines\":[{\"bbox\":[761.2,627.9,770.5,650.6],\"text\":\"-\"}],\"order\":11,\"text\":\"-\"},{\"bbox\":[893.9,627.9,903.1,650.6],\"lines\":[{\"bbox\":[893.9,627.9,903.1,650.6],\"text\":\"-\"}],\"order\":12,\"text\":\"-\"},{\"bbox\":[1004.7,627.9,1014.0,650.6],\"lines\":[{\"bbox\":[1004.7,627.9,1014.0,650.6],\"text\":\"-\"}],\"order\":13,\"text\":\"-\"},{\"bbox\":[541.7,672.4,604.2,694.8],\"lines\":[{\"bbox\":[541.7,672.4,604.2,694.8],\"text\":\"5,907\"}],\"order\":14,\"text\":\"5,907\"},{\"bbox\":[708.1,672.4,770.6,694.8],\"lines\":[{\"bbox\":[708.1,672.4,770.6,694.8],\"text\":\"5,911\"}],\"order\":15,\"text\":\"5,911\"},{\"bbox\":[881.9,672.4,910.6,694.8],\"lines\":[{\"bbox\":[881.9,672.4,910.6,694.8],\"text\":\"(4)\"}],\"order\":16,\"text\":\"(4)\"},{\"bbox\":[971.9,672.4,1046.5,694.8],\"lines\":[{\"bbox\":[971.9,672.4,1046.5,694.8],\"text\":\"(0.1)%\"}],\"order\":17,\"text\":\"(0.1)%\"},{\"bbox\":[191.7,672.4,251.8,694.8],\"lines\":[{\"bbox\":[191.7,672.4,251.8,694.8],\"text\":\"Total\"}],\"order\":18,\"text\":\"Total\"},{\"bbox\":[166.7,733.5,866.0,1117.2],\"lines\":[{\"bbox\":[166.7,733.5,852.1,756.1],\"text\":\"O&R’s electric operating revenues increased $62 million in 2008\"},{\"bbox\":[166.7,769.6,804.9,792.2],\"text\":\"compared with 2007 due primarily to increased recoverable\"},{\"bbox\":[166.7,805.7,791.0,828.3],\"text\":\"purchased power costs ($49 million) and the impact of the\"},{\"bbox\":[166.7,841.8,829.2,864.5],\"text\":\"electric rate plan that went into effect July 1, 2008 ($8 million).\"},{\"bbox\":[166.7,877.9,797.3,900.6],\"text\":\"Effective July 2008, O&R’s revenues from electric sales are\"},{\"bbox\":[166.7,914.0,792.0,936.7],\"text\":\"subject to a revenue decoupling mechanism, as a result of\"},{\"bbox\":[166.7,950.2,862.0,972.8],\"text\":\"which, revenues are generally not affected by changes in delivery\"},{\"bbox\":[166.7,986.3,850.9,1008.9],\"text\":\"volumes from levels assumed when rates were approved. Other\"},{\"bbox\":[166.7,1022.4,866.0,1045.0],\"text\":\"electric operating revenues generally reflect changes in regulatory\"},{\"bbox\":[166.7,1058.5,837.5,1081.1],\"text\":\"assets and liabilities in accordance with the company’s electric\"},{\"bbox\":[166.7,1094.6,692.9,1117.2],\"text\":\"rate plan. See Note B to the financial statements.\"}],\"order\":19,\"text\":\"O&R’s electric operating revenues increased $62 million in 2008\\ncompared with 2007 due primarily to increased recoverable\\npurchased power costs ($49 million) and the impact of the\\nelectric rate plan that went into effect July 1, 2008 ($8 million).\\nEffective July 2008, O&R’s revenues from electric sales are\\nsubject to a revenue decoupling mechanism, as a result of\\nwhich, revenues are generally not affected by changes in delivery\\nvolumes from levels assumed when rates were approved. Other\\nelectric operating revenues generally reflect changes in regulatory\\nassets and liabilities in accordance with the company’s electric\\nrate plan. See Note B to the financial statements.\"},{\"bbox\":[1105.1,475.2,1160.7,606.1],\"lines\":[{\"bbox\":[1105.1,475.2,1160.7,497.8],\"text\":\"$330\"},{\"bbox\":[1119.0,511.3,1160.7,533.9],\"text\":\"303\"},{\"bbox\":[1132.9,547.4,1160.7,570.0],\"text\":\"80\"},{\"bbox\":[1132.9,583.5,1160.7,606.1],\"text\":\"17\"}],\"order\":20,\"text\":\"$330\\n303\\n80\\n17\"},{\"bbox\":[1271.5,475.2,1327.1,606.1],\"lines\":[{\"bbox\":[1271.5,475.2,1327.1,497.8],\"text\":\"$298\"},{\"bbox\":[1285.4,511.3,1327.1,533.9],\"text\":\"283\"},{\"bbox\":[1299.3,547.4,1327.1,570.0],\"text\":\"73\"},{\"bbox\":[1299.3,583.5,1327.1,606.1],\"text\":\"15\"}],\"order\":21,\"text\":\"$298\\n283\\n73\\n15\"},{\"bbox\":[1418.5,475.2,1460.2,606.1],\"lines\":[{\"bbox\":[1418.5,475.2,1460.2,497.8],\"text\":\"$32\"},{\"bbox\":[1432.4,511.3,1460.2,533.9],\"text\":\"20\"},{\"bbox\":[1446.2,547.4,1460.1,570.0],\"text\":\"7\"},{\"bbox\":[1446.2,583.5,1460.1,606.1],\"text\":\"2\"}],\"order\":22,\"text\":\"$32\\n20\\n7\\n2\"},{\"bbox\":[1528.6,475.2,1599.5,606.1],\"lines\":[{\"bbox\":[1528.6,475.2,1599.5,497.8],\"text\":\"10.7%\"},{\"bbox\":[1542.5,511.3,1577.2,533.9],\"text\":\"7.1\"},{\"bbox\":[1542.5,547.4,1577.2,570.0],\"text\":\"9.6\"},{\"bbox\":[1528.6,583.5,1577.3,606.1],\"text\":\"13.3\"}],\"order\":23,\"text\":\"10.7%\\n7.1\\n9.6\\n13.3\"},{\"bbox\":[1146.8,627.9,1160.7,650.6],\"lines\":[{\"bbox\":[1146.8,627.9,1160.7,650.6],\"text\":\"3\"}],\"order\":24,\"text\":\"3\"},{\"bbox\":[1313.2,627.9,1327.1,650.6],\"lines\":[{\"bbox\":[1313.2,627.9,1327.1,650.6],\"text\":\"2\"}],\"order\":25,\"text\":\"2\"},{\"bbox\":[1446.2,627.9,1460.1,650.6],\"lines\":[{\"bbox\":[1446.2,627.9,1460.1,650.6],\"text\":\"1\"}],\"order\":26,\"text\":\"1\"},{\"bbox\":[1528.6,627.9,1577.3,650.6],\"lines\":[{\"bbox\":[1528.6,627.9,1577.3,650.6],\"text\":\"50.0\"}],\"order\":27,\"text\":\"50.0\"},{\"bbox\":[1105.1,672.4,1160.7,694.8],\"lines\":[{\"bbox\":[1105.1,672.4,1160.7,694.8],\"text\":\"$733\"}],\"order\":28,\"text\":\"$733\"},{\"bbox\":[1271.5,672.4,1327.1,694.8],\"lines\":[{\"bbox\":[1271.5,672.4,1327.1,694.8],\"text\":\"$671\"}],\"order\":29,\"text\":\"$671\"},{\"bbox\":[1418.5,672.4,1460.2,694.8],\"lines\":[{\"bbox\":[1418.5,672.4,1460.2,694.8],\"text\":\"$62\"}],\"order\":30,\"text\":\"$62\"},{\"bbox\":[1542.5,672.4,1602.2,694.8],\"lines\":[{\"bbox\":[1542.5,672.4,1602.2,694.8],\"text\":\"9.2%\"}],\"order\":31,\"text\":\"9.2%\"},{\"bbox\":[900.0,733.5,1600.0,792.2],\"lines\":[{\"bbox\":[900.0,733.5,1600.0,756.1],\"text\":\"variations and unbilled volumes, electric delivery volumes in O&R’s\"},{\"bbox\":[900.0,769.6,1595.2,792.2],\"text\":\"service area decreased 1.0 percent in 2008 compared with 2007.\"}],\"order\":32,\"text\":\"variations and unbilled volumes, electric delivery volumes in O&R’s\\nservice area decreased 1.0 percent in 2008 compared with 2007.\"},{\"bbox\":[900.0,841.8,1582.3,1117.2],\"lines\":[{\"bbox\":[900.0,841.8,1520.5,864.4],\"text\":\"Electric operating income decreased by $6 million in 2008\"},{\"bbox\":[900.0,877.9,1536.8,900.5],\"text\":\"compared with 2007. The decrease reflects primarily higher\"},{\"bbox\":[900.0,914.0,1582.3,936.7],\"text\":\"operations and maintenance expense ($19 million, due primarily\"},{\"bbox\":[900.0,950.1,1561.6,972.8],\"text\":\"to higher maintenance costs ($6 million), pension expense ($4\"},{\"bbox\":[900.0,986.3,1513.4,1008.9],\"text\":\"million) and demand management program expenses ($3\"},{\"bbox\":[900.0,1022.4,1558.9,1045.0],\"text\":\"million)), depreciation ($1 million) and taxes other than income\"},{\"bbox\":[900.0,1058.5,1578.4,1081.1],\"text\":\"taxes ($1 million, principally property taxes), offset by higher net\"},{\"bbox\":[900.0,1094.6,1520.7,1117.2],\"text\":\"revenues ($13 million) and lower income taxes ($1 million).\"}],\"order\":33,\"text\":\"Electric operating income decreased by $6 million in 2008\\ncompared with 2007. The decrease reflects primarily higher\\noperations and maintenance expense ($19 million, due primarily\\nto higher maintenance costs ($6 million), pension expense ($4\\nmillion) and demand management program expenses ($3\\nmillion)), depreciation ($1 million) and taxes other than income\\ntaxes ($1 million, principally property taxes), offset by higher net\\nrevenues ($13 million) and lower income taxes ($1 million).\"},{\"bbox\":[166.7,1166.8,853.7,1225.5],\"lines\":[{\"bbox\":[166.7,1166.8,818.3,1189.4],\"text\":\"Electric delivery volumes in O&R’s service area decreased 0.1\"},{\"bbox\":[166.7,1202.9,853.7,1225.5],\"text\":\"percent in 2008 compared with 2007. After adjusting for weather\"}],\"order\":34,\"text\":\"Electric delivery volumes in O&R’s service area decreased 0.1\\npercent in 2008 compared with 2007. After adjusting for weather\"},{\"bbox\":[166.7,1330.7,1185.0,1389.4],\"lines\":[{\"bbox\":[166.7,1330.7,213.4,1353.1],\"text\":\"Gas\"},{\"bbox\":[166.7,1366.8,1185.0,1389.4],\"text\":\"O&R’s gas sales and deliveries, excluding off-system sales, in 2008 compared with 2007 were:\"}],\"order\":35,\"text\":\"Gas\\nO&R’s gas sales and deliveries, excluding off-system sales, in 2008 compared with 2007 were:\"},{\"bbox\":[166.7,1516.0,288.8,1535.9],\"lines\":[{\"bbox\":[166.7,1516.0,288.8,1535.9],\"text\":\"Description\"}],\"order\":36,\"text\":\"Description\"},{\"bbox\":[166.7,1558.5,370.0,1653.3],\"lines\":[{\"bbox\":[166.7,1558.5,283.3,1581.1],\"text\":\"Residential\"},{\"bbox\":[166.7,1594.6,250.0,1617.2],\"text\":\"General\"},{\"bbox\":[166.7,1630.7,370.0,1653.3],\"text\":\"Firm transportation\"}],\"order\":37,\"text\":\"Residential\\nGeneral\\nFirm transportation\"},{\"bbox\":[554.2,1558.5,630.6,1653.3],\"lines\":[{\"bbox\":[568.1,1558.5,630.6,1581.1],\"text\":\"8,068\"},{\"bbox\":[568.1,1594.6,630.6,1617.2],\"text\":\"1,816\"},{\"bbox\":[554.2,1630.7,630.6,1653.3],\"text\":\"10,471\"}],\"order\":38,\"text\":\"8,068\\n1,816\\n10,471\"},{\"bbox\":[717.8,1558.5,794.2,1653.3],\"lines\":[{\"bbox\":[731.7,1558.5,794.2,1581.1],\"text\":\"8,768\"},{\"bbox\":[731.7,1594.6,794.2,1617.2],\"text\":\"2,066\"},{\"bbox\":[717.8,1630.7,794.2,1653.3],\"text\":\"10,248\"}],\"order\":39,\"text\":\"8,768\\n2,066\\n10,248\"},{\"bbox\":[880.5,1558.5,934.3,1653.3],\"lines\":[{\"bbox\":[880.5,1558.5,934.3,1581.1],\"text\":\"(700)\"},{\"bbox\":[880.5,1594.6,934.3,1617.2],\"text\":\"(250)\"},{\"bbox\":[886.5,1630.7,928.2,1653.3],\"text\":\"223\"}],\"order\":40,\"text\":\"(700)\\n(250)\\n223\"},{\"bbox\":[977.5,1558.5,1060.4,1653.3],\"lines\":[{\"bbox\":[991.4,1558.5,1060.4,1581.1],\"text\":\"(8.0)%\"},{\"bbox\":[977.5,1594.6,1038.2,1617.2],\"text\":\"(12.1)\"},{\"bbox\":[997.4,1630.7,1032.1,1653.3],\"text\":\"2.2\"}],\"order\":41,\"text\":\"(8.0)%\\n(12.1)\\n2.2\"},{\"bbox\":[1113.5,1558.5,1169.1,1653.3],\"lines\":[{\"bbox\":[1113.5,1558.5,1169.1,1581.1],\"text\":\"$142\"},{\"bbox\":[1141.2,1594.6,1169.0,1617.2],\"text\":\"30\"},{\"bbox\":[1141.2,1630.7,1169.0,1653.3],\"text\":\"45\"}],\"order\":42,\"text\":\"$142\\n30\\n45\"},{\"bbox\":[1277.1,1558.5,1332.7,1653.3],\"lines\":[{\"bbox\":[1277.1,1558.5,1332.7,1581.1],\"text\":\"$152\"},{\"bbox\":[1304.9,1594.6,1332.7,1617.2],\"text\":\"34\"},{\"bbox\":[1304.9,1630.7,1332.7,1653.3],\"text\":\"39\"}],\"order\":43,\"text\":\"$152\\n34\\n39\"},{\"bbox\":[1418.3,1558.5,1472.1,1653.3],\"lines\":[{\"bbox\":[1418.3,1558.5,1472.1,1581.1],\"text\":\"$(10)\"},{\"bbox\":[1446.1,1594.6,1472.1,1617.2],\"text\":\"(4)\"},{\"bbox\":[1452.1,1630.7,1466.0,1653.3],\"text\":\"6\"}],\"order\":44,\"text\":\"$(10)\\n(4)\\n6\"},{\"bbox\":[1525.7,1558.5,1608.6,1653.3],\"lines\":[{\"bbox\":[1539.6,1558.5,1608.6,1581.1],\"text\":\"(6.6)%\"},{\"bbox\":[1525.7,1594.6,1586.4,1617.2],\"text\":\"(11.8)\"},{\"bbox\":[1531.7,1630.7,1580.3,1653.3],\"text\":\"15.4\"}],\"order\":45,\"text\":\"(6.6)%\\n(11.8)\\n15.4\"},{\"bbox\":[166.7,1675.2,426.0,1842.2],\"lines\":[{\"bbox\":[191.7,1675.2,426.0,1697.6],\"text\":\"Total firm sales and\"},{\"bbox\":[216.7,1711.3,386.6,1733.7],\"text\":\"transportation\"},{\"bbox\":[166.7,1747.4,354.9,1770.0],\"text\":\"Interruptible sales\"},{\"bbox\":[166.7,1783.5,356.3,1806.1],\"text\":\"Generation plants\"},{\"bbox\":[166.7,1819.6,226.9,1842.2],\"text\":\"Other\"}],\"order\":46,\"text\":\"Total firm sales and\\ntransportation\\nInterruptible sales\\nGeneration plants\\nOther\"},{\"bbox\":[554.2,1711.3,630.6,1842.2],\"lines\":[{\"bbox\":[554.2,1711.3,630.6,1733.7],\"text\":\"20,355\"},{\"bbox\":[568.1,1747.4,630.6,1770.0],\"text\":\"5,409\"},{\"bbox\":[568.1,1783.5,630.6,1806.1],\"text\":\"2,327\"},{\"bbox\":[568.1,1819.6,630.6,1842.2],\"text\":\"1,007\"}],\"order\":47,\"text\":\"20,355\\n5,409\\n2,327\\n1,007\"},{\"bbox\":[717.8,1711.3,794.2,1842.2],\"lines\":[{\"bbox\":[717.8,1711.3,794.2,1733.7],\"text\":\"21,082\"},{\"bbox\":[731.7,1747.4,794.2,1770.0],\"text\":\"5,983\"},{\"bbox\":[731.7,1783.5,794.2,1806.1],\"text\":\"4,552\"},{\"bbox\":[731.7,1819.6,794.2,1842.2],\"text\":\"1,044\"}],\"order\":48,\"text\":\"21,082\\n5,983\\n4,552\\n1,044\"},{\"bbox\":[859.7,1711.3,935.7,1842.2],\"lines\":[{\"bbox\":[879.2,1711.3,935.7,1733.7],\"text\":\"(727)\"},{\"bbox\":[880.6,1747.4,934.3,1770.0],\"text\":\"(574)\"},{\"bbox\":[859.7,1783.5,934.3,1806.1],\"text\":\"(2,225)\"},{\"bbox\":[894.4,1819.6,934.3,1842.2],\"text\":\"(37)\"}],\"order\":49,\"text\":\"(727)\\n(574)\\n(2,225)\\n(37)\"},{\"bbox\":[977.5,1711.3,1039.5,1842.2],\"lines\":[{\"bbox\":[990.0,1711.3,1039.5,1733.7],\"text\":\"(3.4)\"},{\"bbox\":[991.4,1747.4,1038.2,1770.0],\"text\":\"(9.6)\"},{\"bbox\":[977.5,1783.5,1038.2,1806.1],\"text\":\"(48.9)\"},{\"bbox\":[991.4,1819.6,1038.2,1842.2],\"text\":\"(3.5)\"}],\"order\":50,\"text\":\"(3.4)\\n(9.6)\\n(48.9)\\n(3.5)\"},{\"bbox\":[1127.4,1711.3,1169.1,1842.2],\"lines\":[{\"bbox\":[1127.4,1711.3,1169.1,1733.7],\"text\":\"217\"},{\"bbox\":[1141.2,1747.4,1169.0,1770.0],\"text\":\"27\"},{\"bbox\":[1155.1,1783.5,1169.0,1806.1],\"text\":\"4\"},{\"bbox\":[1159.7,1819.6,1169.0,1842.2],\"text\":\"-\"}],\"order\":51,\"text\":\"217\\n27\\n4\\n-\"},{\"bbox\":[1291.0,1711.3,1332.7,1842.2],\"lines\":[{\"bbox\":[1291.0,1711.3,1332.7,1733.7],\"text\":\"225\"},{\"bbox\":[1304.9,1747.4,1332.7,1770.0],\"text\":\"25\"},{\"bbox\":[1318.7,1783.5,1332.6,1806.1],\"text\":\"3\"},{\"bbox\":[1323.3,1819.6,1332.6,1842.2],\"text\":\"-\"}],\"order\":52,\"text\":\"225\\n25\\n3\\n-\"},{\"bbox\":[1444.7,1711.3,1473.4,1842.2],\"lines\":[{\"bbox\":[1444.7,1711.3,1473.4,1733.7],\"text\":\"(8)\"},{\"bbox\":[1452.1,1747.4,1466.0,1770.0],\"text\":\"2\"},{\"bbox\":[1452.1,1783.5,1466.0,1806.1],\"text\":\"1\"},{\"bbox\":[1456.7,1819.6,1465.9,1842.2],\"text\":\"-\"}],\"order\":53,\"text\":\"(8)\\n2\\n1\\n-\"},{\"bbox\":[1531.7,1711.3,1587.7,1842.2],\"lines\":[{\"bbox\":[1538.2,1711.3,1587.7,1733.7],\"text\":\"(3.6)\"},{\"bbox\":[1545.5,1747.4,1580.3,1770.0],\"text\":\"8.0\"},{\"bbox\":[1531.7,1783.5,1580.3,1806.1],\"text\":\"33.3\"},{\"bbox\":[1571.0,1819.6,1580.2,1842.2],\"text\":\"-\"}],\"order\":54,\"text\":\"(3.6)\\n8.0\\n33.3\\n-\"},{\"bbox\":[621.2,1864.0,630.5,1886.7],\"lines\":[{\"bbox\":[621.2,1864.0,630.5,1886.7],\"text\":\"-\"}],\"order\":55,\"text\":\"-\"},{\"bbox\":[784.9,1864.0,794.1,1886.7],\"lines\":[{\"bbox\":[784.9,1864.0,794.1,1886.7],\"text\":\"-\"}],\"order\":56,\"text\":\"-\"},{\"bbox\":[918.9,1864.0,928.1,1886.7],\"lines\":[{\"bbox\":[918.9,1864.0,928.1,1886.7],\"text\":\"-\"}],\"order\":57,\"text\":\"-\"},{\"bbox\":[1022.8,1864.0,1032.0,1886.7],\"lines\":[{\"bbox\":[1022.8,1864.0,1032.0,1886.7],\"text\":\"-\"}],\"order\":58,\"text\":\"-\"},{\"bbox\":[1141.2,1864.0,1169.0,1886.7],\"lines\":[{\"bbox\":[1141.2,1864.0,1169.0,1886.7],\"text\":\"10\"}],\"order\":59,\"text\":\"10\"},{\"bbox\":[1304.9,1864.0,1332.7,1886.7],\"lines\":[{\"bbox\":[1304.9,1864.0,1332.7,1886.7],\"text\":\"12\"}],\"order\":60,\"text\":\"12\"},{\"bbox\":[1446.1,1864.0,1472.1,1886.7],\"lines\":[{\"bbox\":[1446.1,1864.0,1472.1,1886.7],\"text\":\"(2)\"}],\"order\":61,\"text\":\"(2)\"},{\"bbox\":[1525.7,1864.0,1586.4,1886.7],\"lines\":[{\"bbox\":[1525.7,1864.0,1586.4,1886.7],\"text\":\"(16.7)\"}],\"order\":62,\"text\":\"(16.7)\"},{\"bbox\":[554.2,1908.5,630.6,1930.9],\"lines\":[{\"bbox\":[554.2,1908.5,630.6,1930.9],\"text\":\"29,098\"}],\"order\":63,\"text\":\"29,098\"},{\"bbox\":[717.8,1908.5,794.2,1930.9],\"lines\":[{\"bbox\":[717.8,1908.5,794.2,1930.9],\"text\":\"32,661\"}],\"order\":64,\"text\":\"32,661\"},{\"bbox\":[858.3,1908.5,935.7,1930.9],\"lines\":[{\"bbox\":[858.3,1908.5,935.7,1930.9],\"text\":\"(3,563)\"}],\"order\":65,\"text\":\"(3,563)\"},{\"bbox\":[976.1,1908.5,1064.6,1930.9],\"lines\":[{\"bbox\":[976.1,1908.5,1064.6,1930.9],\"text\":\"(10.9)%\"}],\"order\":66,\"text\":\"(10.9)%\"},{\"bbox\":[1113.5,1908.5,1169.1,1930.9],\"lines\":[{\"bbox\":[1113.5,1908.5,1169.1,1930.9],\"text\":\"$258\"}],\"order\":67,\"text\":\"$258\"},{\"bbox\":[1277.1,1908.5,1332.7,1930.9],\"lines\":[{\"bbox\":[1277.1,1908.5,1332.7,1930.9],\"text\":\"$265\"}],\"order\":68,\"text\":\"$265\"},{\"bbox\":[1418.3,1908.5,1473.4,1930.9],\"lines\":[{\"bbox\":[1418.3,1908.5,1473.4,1930.9],\"text\":\"$ (7)\"}],\"order\":69,\"text\":\"$ (7)\"},{\"bbox\":[166.7,1864.0,376.8,1886.7],\"lines\":[{\"bbox\":[166.7,1864.0,376.8,1886.7],\"text\":\"Other gas revenues\"}],\"order\":70,\"text\":\"Other gas revenues\"},{\"bbox\":[191.7,1908.5,251.8,1930.9],\"lines\":[{\"bbox\":[191.7,1908.5,251.8,1930.9],\"text\":\"Total\"}],\"order\":71,\"text\":\"Total\"},{\"bbox\":[100.0,2097.6,123.1,2116.4],\"lines\":[{\"bbox\":[100.0,2097.6,123.1,2116.4],\"text\":\"50\"}],\"order\":72,\"text\":\"50\"},{\"bbox\":[518.9,1432.7,1600.0,1535.9],\"lines\":[{\"bbox\":[633.5,1432.7,936.4,1452.6],\"text\":\"Thousands of dths Delivered\"},{\"bbox\":[1225.3,1432.7,1442.5,1452.6],\"text\":\"Revenues in Millions\"},{\"bbox\":[557.1,1460.5,791.1,1480.4],\"text\":\"Twelve Months Ended\"},{\"bbox\":[1106.0,1460.5,1340.0,1480.4],\"text\":\"Twelve Months Ended\"},{\"bbox\":[518.9,1488.3,829.5,1508.2],\"text\":\"December 31, December 31,\"},{\"bbox\":[962.6,1488.3,1378.4,1508.2],\"text\":\"Percent December 31, December 31,\"},{\"bbox\":[1511.5,1488.3,1594.3,1508.2],\"text\":\"Percent\"},{\"bbox\":[567.6,1516.0,617.1,1535.9],\"text\":\"2008\"},{\"bbox\":[731.3,1516.0,780.7,1535.9],\"text\":\"2007\"},{\"bbox\":[846.1,1516.0,1051.1,1535.9],\"text\":\"Variation Variation\"},{\"bbox\":[1116.5,1516.0,1166.0,1535.9],\"text\":\"2008\"},{\"bbox\":[1280.1,1516.0,1329.6,1535.9],\"text\":\"2007\"},{\"bbox\":[1395.0,1516.0,1600.0,1535.9],\"text\":\"Variation Variation\"}],\"order\":73,\"text\":\"Thousands of dths Delivered\\nRevenues in Millions\\nTwelve Months Ended\\nTwelve Months Ended\\nDecember 31, December 31,\\nPercent December 31, December 31,\\nPercent\\n2008\\n2007\\nVariation Variation\\n2008\\n2007\\nVariation Variation\"},{\"bbox\":[148.1,2097.6,493.1,2116.6],\"lines\":[{\"bbox\":[148.1,2097.6,493.1,2116.6],\"text\":\"CON EDISON ANNUAL REPORT\"}],\"order\":74,\"text\":\"CON EDISON ANNUAL REPORT\"},{\"bbox\":[1538.2,1908.5,1612.7,1930.9],\"lines\":[{\"bbox\":[1538.2,1908.5,1612.7,1930.9],\"text\":\"(2.6)%\"}],\"order\":75,\"text\":\"(2.6)%\"}],\"doc\":\"fintabnet:ED_2008\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"M ANAGEMENT ’ S D ISCUSSION AND A NALYSIS OF F INANCIAL C ONDITION AND R ESULTS OF O PERATIONS\\n(C OMBINED FOR C ON E DISON AND C ON E DISON OF N EW Y ORK ) – C ONTINUED\\n\\nO&R\\nElectric\\nO&R’s electric sales and deliveries, excluding off-system sales, in 2008 compared with 2007 were:\\n\\nDescription\\n\\nMillions of kWhs Delivered\\nRevenues in Millions\\nTwelve Months Ended\\nTwelve Months Ended\\nDecember 31, December 31,\\nPercent December 31, December 31,\\nPercent\\n2008\\n2007\\nVariation Variation\\n2008\\n2007\\nVariation Variation\\n\\nResidential/Religious\\nCommercial/Industrial\\nRetail access customers\\nPublic authorities\\n\\n1,892\\n2,082\\n1,814\\n119\\n\\n1,913\\n2,191\\n1,687\\n120\\n\\n(21)\\n(109)\\n127\\n(1)\\n\\n(1.1)%\\n(5.0)\\n7.5\\n(0.8)\\n\\nOther operating revenues\\n\\n-\\n\\n-\\n\\n-\\n\\n-\\n\\n5,907\\n\\n5,911\\n\\n(4)\\n\\n(0.1)%\\n\\nTotal\\n\\nO&R’s electric operating revenues increased $62 million in 2008\\ncompared with 2007 due primarily to increased recoverable\\npurchased power costs ($49 million) and the impact of the\\nelectric rate plan that went into effect July 1, 2008 ($8 million).\\nEffective July 2008, O&R’s revenues from electric sales are\\nsubject to a revenue decoupling mechanism, as a result of\\nwhich, revenues are generally not affected by changes in delivery\\nvolumes from levels assumed when rates were approved. Other\\nelectric operating revenues generally reflect changes in regulatory\\nassets and liabilities in accordance with the company’s electric\\nrate plan. See Note B to the financial statements.\\n\\n$330\\n303\\n80\\n17\\n\\n$298\\n283\\n73\\n15\\n\\n$32\\n20\\n7\\n2\\n\\n10.7%\\n7.1\\n9.6\\n13.3\\n\\n3\\n\\n2\\n\\n1\\n\\n50.0\\n\\n$733\\n\\n$671\\n\\n$62\\n\\n9.2%\\n\\nvariations and unbilled volumes, electric delivery volumes in O&R’s\\nservice area decreased 1.0 percent in 2008 compared with 2007.\\n\\nElectric operating income decreased by $6 million in 2008\\ncompared with 2007. The decrease reflects primarily higher\\noperations and maintenance expense ($19 million, due primarily\\nto higher maintenance costs ($6 million), pension expense ($4\\nmillion) and demand management program expenses ($3\\nmillion)), depreciation ($1 million) and taxes other than income\\ntaxes ($1 million, principally property taxes), offset by higher net\\nrevenues ($13 million) and lower income taxes ($1 million).\\n\\nElectric delivery volumes in O&R’s service area decreased 0.1\\npercent in 2008 compared with 2007. After adjusting for weather\\n\\nGas\\nO&R’s gas sales and deliveries, excluding off-system sales, in 2008 compared with 2007 were:\\n\\nDescription\\n\\nResidential\\nGeneral\\nFirm transportation\\n\\n8,068\\n1,816\\n10,471\\n\\n8,768\\n2,066\\n10,248\\n\\n(700)\\n(250)\\n223\\n\\n(8.0)%\\n(12.1)\\n2.2\\n\\n$142\\n30\\n45\\n\\n$152\\n34\\n39\\n\\n$(10)\\n(4)\\n6\\n\\n(6.6)%\\n(11.8)\\n15.4\\n\\nTotal firm sales and\\ntransportation\\nInterruptible sales\\nGeneration plants\\nOther\\n\\n20,355\\n5,409\\n2,327\\n1,007\\n\\n21,082\\n5,983\\n4,552\\n1,044\\n\\n(727)\\n(574)\\n(2,225)\\n(37)\\n\\n(3.4)\\n(9.6)\\n(48.9)\\n(3.5)\\n\\n217\\n27\\n4\\n-\\n\\n225\\n25\\n3\\n-\\n\\n(8)\\n2\\n1\\n-\\n\\n(3.6)\\n8.0\\n33.3\\n-\\n\\n-\\n\\n-\\n\\n-\\n\\n-\\n\\n10\\n\\n12\\n\\n(2)\\n\\n(16.7)\\n\\n29,098\\n\\n32,661\\n\\n(3,563)\\n\\n(10.9)%\\n\\n$258\\n\\n$265\\n\\n$ (7)\\n\\nOther gas revenues\\n\\nTotal\\n\\n50\\n\\nThousands of dths Delivered\\nRevenues in Millions\\nTwelve Months Ended\\nTwelve Months Ended\\nDecember 31, December 31,\\nPercent December 31, December 31,\\nPercent\\n2008\\n2007\\nVariation Variation\\n2008\\n2007\\nVariation Variation\\n\\nCON EDISON ANNUAL REPORT\\n\\n(2.6)%\",\"name\":\"fintabnet.ED_2008_page_60__200dpi_none\",\"page_id\":\"fintabnet.ED_2008_page_60\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"ED_2008_page_60\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[166.7,1426.9,1612.7,1931.8],\"block_orders\":[36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,73,75],\"cells\":null}],\"text\":\"M ANAGEMENT ’ S D ISCUSSION AND A NALYSIS OF F INANCIAL C ONDITION AND R ESULTS OF O PERATIONS\\n(C OMBINED FOR C ON E DISON AND C ON E DISON OF N EW Y ORK ) – C ONTINUED\\n\\nO&R\\nElectric\\nO&R’s electric sales and deliveries, excluding off-system sales, in 2008 compared with 2007 were:\\n\\nDescription\\n\\nMillions of kWhs Delivered\\nRevenues in Millions\\nTwelve Months Ended\\nTwelve Months Ended\\nDecember 31, December 31,\\nPercent December 31, December 31,\\nPercent\\n2008\\n2007\\nVariation Variation\\n2008\\n2007\\nVariation Variation\\n\\nResidential/Religious\\nCommercial/Industrial\\nRetail access customers\\nPublic authorities\\n\\n1,892\\n2,082\\n1,814\\n119\\n\\n1,913\\n2,191\\n1,687\\n120\\n\\n(21)\\n(109)\\n127\\n(1)\\n\\n(1.1)%\\n(5.0)\\n7.5\\n(0.8)\\n\\nOther operating revenues\\n\\n-\\n\\n-\\n\\n-\\n\\n-\\n\\n5,907\\n\\n5,911\\n\\n(4)\\n\\n(0.1)%\\n\\nTotal\\n\\nO&R’s electric operating revenues increased $62 million in 2008\\ncompared with 2007 due primarily to increased recoverable\\npurchased power costs ($49 million) and the impact of the\\nelectric rate plan that went into effect July 1, 2008 ($8 million).\\nEffective July 2008, O&R’s revenues from electric sales are\\nsubject to a revenue decoupling mechanism, as a result of\\nwhich, revenues are generally not affected by changes in delivery\\nvolumes from levels assumed when rates were approved. Other\\nelectric operating revenues generally reflect changes in regulatory\\nassets and liabilities in accordance with the company’s electric\\nrate plan. See Note B to the financial statements.\\n\\n$330\\n303\\n80\\n17\\n\\n$298\\n283\\n73\\n15\\n\\n$32\\n20\\n7\\n2\\n\\n10.7%\\n7.1\\n9.6\\n13.3\\n\\n3\\n\\n2\\n\\n1\\n\\n50.0\\n\\n$733\\n\\n$671\\n\\n$62\\n\\n9.2%\\n\\nvariations and unbilled volumes, electric delivery volumes in O&R’s\\nservice area decreased 1.0 percent in 2008 compared with 2007.\\n\\nElectric operating income decreased by $6 million in 2008\\ncompared with 2007. The decrease reflects primarily higher\\noperations and maintenance expense ($19 million, due primarily\\nto higher maintenance costs ($6 million), pension expense ($4\\nmillion) and demand management program expenses ($3\\nmillion)), depreciation ($1 million) and taxes other than income\\ntaxes ($1 million, principally property taxes), offset by higher net\\nrevenues ($13 million) and lower income taxes ($1 million).\\n\\nElectric delivery volumes in O&R’s service area decreased 0.1\\npercent in 2008 compared with 2007. After adjusting for weather\\n\\nGas\\nO&R’s gas sales and deliveries, excluding off-system sales, in 2008 compared with 2007 were:\\n\\nDescription\\n\\nResidential\\nGeneral\\nFirm transportation\\n\\n8,068\\n1,816\\n10,471\\n\\n8,768\\n2,066\\n10,248\\n\\n(700)\\n(250)\\n223\\n\\n(8.0)%\\n(12.1)\\n2.2\\n\\n$142\\n30\\n45\\n\\n$152\\n34\\n39\\n\\n$(10)\\n(4)\\n6\\n\\n(6.6)%\\n(11.8)\\n15.4\\n\\nTotal firm sales and\\ntransportation\\nInterruptible sales\\nGeneration plants\\nOther\\n\\n20,355\\n5,409\\n2,327\\n1,007\\n\\n21,082\\n5,983\\n4,552\\n1,044\\n\\n(727)\\n(574)\\n(2,225)\\n(37)\\n\\n(3.4)\\n(9.6)\\n(48.9)\\n(3.5)\\n\\n217\\n27\\n4\\n-\\n\\n225\\n25\\n3\\n-\\n\\n(8)\\n2\\n1\\n-\\n\\n(3.6)\\n8.0\\n33.3\\n-\\n\\n-\\n\\n-\\n\\n-\\n\\n-\\n\\n10\\n\\n12\\n\\n(2)\\n\\n(16.7)\\n\\n29,098\\n\\n32,661\\n\\n(3,563)\\n\\n(10.9)%\\n\\n$258\\n\\n$265\\n\\n$ (7)\\n\\nOther gas revenues\\n\\nTotal\\n\\n50\\n\\nThousands of dths Delivered\\nRevenues in Millions\\nTwelve Months Ended\\nTwelve Months Ended\\nDecember 31, December 31,\\nPercent December 31, December 31,\\nPercent\\n2008\\n2007\\nVariation Variation\\n2008\\n2007\\nVariation Variation\\n\\nCON EDISON ANNUAL REPORT\\n\\n(2.6)%\"},\"name\":\"fintabnet.ED_2008_page_60__200dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":199460,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:ED_2008\",\"dpi\":200,\"gt_sha256\":\"549f593c62ca53fb74974cb0aa682e41bd03762c980d2508ea375d42a04f8018\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ED_2008_page_60__200dpi_none\",\"page\":1,\"page_id\":\"fintabnet.ED_2008_page_60\",\"pdf_sha256\":\"b37bec97b6a638b63615548c2efc0aefc8bd8f2ef692c2fcabba6f24d82e7f5b\",\"px\":[1700,2200],\"scan\":{\"render\":\"0000400007b877ee746a3f7e3ffe3ffe3e00000007f865ee35c065c200000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"ED_2008_page_60\",\"src\":{\"file_sha256\":\"a22106a894742f01ff8bae78f055dc5368177beb6f5a6c382d9bec52915cc807\",\"render\":\"00000000073877ee7ffe3ffe3f7e3ffe3e000000073865ee35ca7ffe00000000\",\"text\":\"bf05a790870d0a97cd74ec41c991e18ad68e8c26f03ba29354dce770e07081c9\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b37bec97b6a638b63615548c2efc0aefc8bd8f2ef692c2fcabba6f24d82e7f5b\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b37bec97b6a638b63615548c2efc0aefc8bd8f2ef692c2fcabba6f24d82e7f5b.pdf","asset_sha256":"b37bec97b6a638b63615548c2efc0aefc8bd8f2ef692c2fcabba6f24d82e7f5b","document_id":"fintabnet:ED_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ED_2008_page_60\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ED_2011_page_48\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ED_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[200.0,167.6,317.3,212.3],\"lines\":[{\"bbox\":[200.0,167.6,317.3,212.3],\"text\":\"I TEM 7:\"}],\"order\":0,\"text\":\"I TEM 7:\"},{\"bbox\":[400.0,167.6,2025.6,212.3],\"lines\":[{\"bbox\":[400.0,167.6,2025.6,212.3],\"text\":\"M ANAGEMENT ’ S D ISCUSSION AND A NALYSIS OF F INANCIAL C ONDITION AND R ESULTS OF O PERATIONS\"}],\"order\":1,\"text\":\"M ANAGEMENT ’ S D ISCUSSION AND A NALYSIS OF F INANCIAL C ONDITION AND R ESULTS OF O PERATIONS\"},{\"bbox\":[200.0,276.2,1219.1,753.8],\"lines\":[{\"bbox\":[200.0,276.2,1118.3,320.5],\"text\":\"This combined management’s discussion and analysis of\"},{\"bbox\":[200.0,330.4,1115.9,374.7],\"text\":\"financial condition and results of operations relates to the\"},{\"bbox\":[200.0,384.5,1203.1,428.8],\"text\":\"consolidated financial statements included in this report of two\"},{\"bbox\":[200.0,438.7,1202.8,483.0],\"text\":\"separate registrants: Con Edison and CECONY and should be\"},{\"bbox\":[200.0,492.9,1204.6,537.1],\"text\":\"read in conjunction with the financial statements and the notes\"},{\"bbox\":[200.0,547.0,1216.4,591.3],\"text\":\"thereto. As used in this report, the term the “Companies” refers\"},{\"bbox\":[200.0,601.2,1193.4,645.5],\"text\":\"to Con Edison and CECONY. CECONY is a subsidiary of Con\"},{\"bbox\":[200.0,655.3,1083.5,699.6],\"text\":\"Edison and, as such, information in this management’s\"},{\"bbox\":[200.0,709.5,1219.1,753.8],\"text\":\"discussion and analysis about CECONY applies to Con Edison.\"}],\"order\":2,\"text\":\"This combined management’s discussion and analysis of\\nfinancial condition and results of operations relates to the\\nconsolidated financial statements included in this report of two\\nseparate registrants: Con Edison and CECONY and should be\\nread in conjunction with the financial statements and the notes\\nthereto. As used in this report, the term the “Companies” refers\\nto Con Edison and CECONY. CECONY is a subsidiary of Con\\nEdison and, as such, information in this management’s\\ndiscussion and analysis about CECONY applies to Con Edison.\"},{\"bbox\":[200.0,811.2,1217.3,1072.1],\"lines\":[{\"bbox\":[200.0,811.2,1060.7,855.5],\"text\":\"Information in any item of this report referred to in this\"},{\"bbox\":[200.0,865.3,1157.7,909.6],\"text\":\"discussion and analysis is incorporated by reference herein.\"},{\"bbox\":[200.0,919.5,1217.3,963.8],\"text\":\"The use of terms such as “see” or “refer to” shall be deemed to\"},{\"bbox\":[200.0,973.6,1179.2,1017.9],\"text\":\"incorporate by reference into this discussion and analysis the\"},{\"bbox\":[200.0,1027.8,835.2,1072.1],\"text\":\"information to which reference is made.\"}],\"order\":3,\"text\":\"Information in any item of this report referred to in this\\ndiscussion and analysis is incorporated by reference herein.\\nThe use of terms such as “see” or “refer to” shall be deemed to\\nincorporate by reference into this discussion and analysis the\\ninformation to which reference is made.\"},{\"bbox\":[200.0,1129.2,1180.2,1444.6],\"lines\":[{\"bbox\":[200.0,1129.2,558.1,1173.9],\"text\":\"Corporate Overview\"},{\"bbox\":[200.0,1183.6,1157.6,1227.9],\"text\":\"Con Edison’s principal business operations are those of the\"},{\"bbox\":[200.0,1237.8,1180.2,1282.1],\"text\":\"Utilities. Con Edison also has competitive energy businesses.\"},{\"bbox\":[200.0,1291.9,1139.5,1336.2],\"text\":\"See “The Utilities” and “Competitive Energy Businesses” in\"},{\"bbox\":[200.0,1346.1,1150.9,1390.4],\"text\":\"Item 1. Certain financial data of Con Edison’s businesses is\"},{\"bbox\":[200.0,1400.3,479.7,1444.6],\"text\":\"presented below:\"}],\"order\":4,\"text\":\"Corporate Overview\\nCon Edison’s principal business operations are those of the\\nUtilities. Con Edison also has competitive energy businesses.\\nSee “The Utilities” and “Competitive Energy Businesses” in\\nItem 1. Certain financial data of Con Edison’s businesses is\\npresented below:\"},{\"bbox\":[200.0,1635.2,715.7,1716.6],\"lines\":[{\"bbox\":[200.0,1635.2,499.3,1675.0],\"text\":\"(millions of dollars,\"},{\"bbox\":[557.7,1635.2,715.7,1675.0],\"text\":\"Operating\"},{\"bbox\":[200.0,1676.9,714.8,1716.6],\"text\":\"except percentages) Revenues\"}],\"order\":5,\"text\":\"(millions of dollars,\\nOperating\\nexcept percentages) Revenues\"},{\"bbox\":[200.0,1731.3,335.2,1812.3],\"lines\":[{\"bbox\":[200.0,1731.3,335.2,1770.7],\"text\":\"CECONY\"},{\"bbox\":[200.0,1773.0,267.3,1812.3],\"text\":\"O&R\"}],\"order\":6,\"text\":\"CECONY\\nO&R\"},{\"bbox\":[233.3,1827.7,425.9,1866.5],\"lines\":[{\"bbox\":[233.3,1827.7,425.9,1866.5],\"text\":\"Total Utilities\"}],\"order\":7,\"text\":\"Total Utilities\"},{\"bbox\":[200.0,1881.3,508.8,2129.1],\"lines\":[{\"bbox\":[200.0,1881.3,366.7,1920.7],\"text\":\"Con Edison\"},{\"bbox\":[233.3,1923.0,398.8,1962.4],\"text\":\"Solutions(a)\"},{\"bbox\":[200.0,1964.7,508.8,2004.0],\"text\":\"Con Edison Energy(a)\"},{\"bbox\":[200.0,2006.3,366.7,2045.7],\"text\":\"Con Edison\"},{\"bbox\":[233.3,2048.0,422.9,2087.4],\"text\":\"Development\"},{\"bbox\":[200.0,2089.7,315.5,2129.1],\"text\":\"Other(b)\"}],\"order\":8,\"text\":\"Con Edison\\nSolutions(a)\\nCon Edison Energy(a)\\nCon Edison\\nDevelopment\\nOther(b)\"},{\"bbox\":[233.3,2144.4,489.6,2183.2],\"lines\":[{\"bbox\":[233.3,2144.4,489.6,2183.2],\"text\":\"Total Con Edison\"}],\"order\":9,\"text\":\"Total Con Edison\"},{\"bbox\":[806.7,1635.2,925.1,1716.6],\"lines\":[{\"bbox\":[838.1,1635.2,893.7,1675.0],\"text\":\"Net\"},{\"bbox\":[806.7,1676.9,925.1,1716.6],\"text\":\"Income\"}],\"order\":10,\"text\":\"Net\\nIncome\"},{\"bbox\":[1058.1,1676.9,1165.5,1716.6],\"lines\":[{\"bbox\":[1058.1,1676.9,1165.5,1716.6],\"text\":\"Assets\"}],\"order\":11,\"text\":\"Assets\"},{\"bbox\":[536.3,1731.3,656.7,1812.3],\"lines\":[{\"bbox\":[536.3,1731.3,656.7,1770.7],\"text\":\"$10,484\"},{\"bbox\":[601.0,1773.0,656.6,1812.3],\"text\":\"855\"}],\"order\":12,\"text\":\"$10,484\\n855\"},{\"bbox\":[700.2,1731.3,876.6,1812.3],\"lines\":[{\"bbox\":[700.2,1731.3,876.6,1770.7],\"text\":\"81% $ 978\"},{\"bbox\":[718.7,1773.0,766.9,1812.3],\"text\":\"7%\"},{\"bbox\":[839.6,1773.0,876.6,1812.3],\"text\":\"53\"}],\"order\":13,\"text\":\"81% $ 978\\n7%\\n53\"},{\"bbox\":[920.2,1731.3,1131.9,1812.3],\"lines\":[{\"bbox\":[920.2,1731.3,1131.9,1770.7],\"text\":\"93% $35,218\"},{\"bbox\":[938.7,1773.0,986.9,1812.3],\"text\":\"5%\"},{\"bbox\":[1048.5,1773.0,1131.9,1812.3],\"text\":\"2,486\"}],\"order\":14,\"text\":\"93% $35,218\\n5%\\n2,486\"},{\"bbox\":[1175.4,1731.3,1242.1,1812.3],\"lines\":[{\"bbox\":[1175.4,1731.3,1242.1,1770.7],\"text\":\"90%\"},{\"bbox\":[1193.9,1773.0,1242.1,1812.3],\"text\":\"6%\"}],\"order\":15,\"text\":\"90%\\n6%\"},{\"bbox\":[554.8,1827.2,656.7,1866.5],\"lines\":[{\"bbox\":[554.8,1827.2,656.7,1866.5],\"text\":\"11,339\"}],\"order\":16,\"text\":\"11,339\"},{\"bbox\":[700.2,1827.2,876.7,1866.5],\"lines\":[{\"bbox\":[700.2,1827.2,876.7,1866.5],\"text\":\"88% 1,031\"}],\"order\":17,\"text\":\"88% 1,031\"},{\"bbox\":[920.2,1827.2,986.9,1866.5],\"lines\":[{\"bbox\":[920.2,1827.2,986.9,1866.5],\"text\":\"98%\"}],\"order\":18,\"text\":\"98%\"},{\"bbox\":[1030.0,1827.2,1131.9,1866.5],\"lines\":[{\"bbox\":[1030.0,1827.2,1131.9,1866.5],\"text\":\"37,704\"}],\"order\":19,\"text\":\"37,704\"},{\"bbox\":[1175.4,1827.2,1242.1,1866.5],\"lines\":[{\"bbox\":[1175.4,1827.2,1242.1,1866.5],\"text\":\"96%\"}],\"order\":20,\"text\":\"96%\"},{\"bbox\":[573.3,1923.0,656.7,2004.0],\"lines\":[{\"bbox\":[573.3,1923.0,656.7,1962.4],\"text\":\"1,404\"},{\"bbox\":[601.0,1964.7,656.6,2004.0],\"text\":\"216\"}],\"order\":21,\"text\":\"1,404\\n216\"},{\"bbox\":[700.2,1923.0,766.9,2004.0],\"lines\":[{\"bbox\":[700.2,1923.0,766.9,1962.4],\"text\":\"11%\"},{\"bbox\":[718.7,1964.7,766.9,2004.0],\"text\":\"2%\"}],\"order\":22,\"text\":\"11%\\n2%\"},{\"bbox\":[839.6,1923.0,876.6,2004.0],\"lines\":[{\"bbox\":[839.6,1923.0,876.6,1962.4],\"text\":\"20\"},{\"bbox\":[858.1,1964.7,876.6,2004.0],\"text\":\"9\"}],\"order\":23,\"text\":\"20\\n9\"},{\"bbox\":[938.7,1923.0,986.9,2004.0],\"lines\":[{\"bbox\":[938.7,1923.0,986.9,1962.4],\"text\":\"2%\"},{\"bbox\":[938.7,1964.7,986.9,2004.0],\"text\":\"1%\"}],\"order\":24,\"text\":\"2%\\n1%\"},{\"bbox\":[1076.2,1923.0,1131.8,2004.0],\"lines\":[{\"bbox\":[1076.2,1923.0,1131.8,1962.4],\"text\":\"324\"},{\"bbox\":[1094.8,1964.7,1131.8,2004.0],\"text\":\"98\"}],\"order\":25,\"text\":\"324\\n98\"},{\"bbox\":[1193.9,1923.0,1242.1,2004.0],\"lines\":[{\"bbox\":[1193.9,1923.0,1242.1,1962.4],\"text\":\"1%\"},{\"bbox\":[1200.2,1964.7,1242.1,2004.0],\"text\":\"-%\"}],\"order\":26,\"text\":\"1%\\n-%\"},{\"bbox\":[611.5,2048.0,664.6,2129.1],\"lines\":[{\"bbox\":[619.6,2048.0,656.6,2087.4],\"text\":\"10\"},{\"bbox\":[611.5,2089.7,664.6,2129.1],\"text\":\"(31)\"}],\"order\":27,\"text\":\"10\\n(31)\"},{\"bbox\":[710.6,2048.0,774.9,2129.1],\"lines\":[{\"bbox\":[725.0,2048.0,766.9,2087.4],\"text\":\"-%\"},{\"bbox\":[710.6,2089.7,774.9,2129.1],\"text\":\"(1)%\"}],\"order\":28,\"text\":\"-%\\n(1)%\"},{\"bbox\":[831.5,2048.0,884.6,2129.1],\"lines\":[{\"bbox\":[858.1,2048.0,876.7,2087.4],\"text\":\"3\"},{\"bbox\":[831.5,2089.7,884.6,2129.1],\"text\":\"(12)\"}],\"order\":29,\"text\":\"3\\n(12)\"},{\"bbox\":[930.6,2048.0,994.9,2129.1],\"lines\":[{\"bbox\":[945.0,2048.0,986.9,2087.4],\"text\":\"-%\"},{\"bbox\":[930.6,2089.7,994.9,2129.1],\"text\":\"(1)%\"}],\"order\":30,\"text\":\"-%\\n(1)%\"},{\"bbox\":[1076.3,2048.0,1131.9,2129.1],\"lines\":[{\"bbox\":[1076.3,2048.0,1131.9,2087.4],\"text\":\"523\"},{\"bbox\":[1076.3,2089.7,1131.9,2129.1],\"text\":\"565\"}],\"order\":31,\"text\":\"523\\n565\"},{\"bbox\":[1194.0,2048.0,1242.1,2129.1],\"lines\":[{\"bbox\":[1194.0,2048.0,1242.1,2087.4],\"text\":\"1%\"},{\"bbox\":[1194.0,2089.7,1242.1,2129.1],\"text\":\"2%\"}],\"order\":32,\"text\":\"1%\\n2%\"},{\"bbox\":[536.3,2143.9,1242.1,2183.2],\"lines\":[{\"bbox\":[536.3,2143.9,1242.1,2183.2],\"text\":\"$12,938 100% $1,051 100% $39,214 100%\"}],\"order\":33,\"text\":\"$12,938 100% $1,051 100% $39,214 100%\"},{\"bbox\":[221.0,3139.0,728.8,3175.4],\"lines\":[{\"bbox\":[221.0,3139.0,728.8,3175.4],\"text\":\"CON EDISON ANNUAL REPORT\"}],\"order\":34,\"text\":\"CON EDISON ANNUAL REPORT\"},{\"bbox\":[1325.0,973.4,1624.9,1013.2],\"lines\":[{\"bbox\":[1325.0,973.4,1624.9,1013.2],\"text\":\"(millions of dollars)\"}],\"order\":35,\"text\":\"(millions of dollars)\"},{\"bbox\":[2005.6,973.4,2079.8,1013.2],\"lines\":[{\"bbox\":[2005.6,973.4,2079.8,1013.2],\"text\":\"2011\"}],\"order\":36,\"text\":\"2011\"},{\"bbox\":[1325.0,1036.3,1864.0,1243.1],\"lines\":[{\"bbox\":[1325.0,1036.3,1477.1,1080.6],\"text\":\"CECONY\"},{\"bbox\":[1325.0,1090.5,1400.7,1134.8],\"text\":\"O&R\"},{\"bbox\":[1325.0,1144.7,1864.0,1188.9],\"text\":\"Competitive energy businesses(a)\"},{\"bbox\":[1325.0,1199.4,1460.5,1243.1],\"text\":\"Other(b)\"}],\"order\":37,\"text\":\"CECONY\\nO&R\\nCompetitive energy businesses(a)\\nOther(b)\"},{\"bbox\":[1985.4,1036.3,2359.1,1243.1],\"lines\":[{\"bbox\":[1985.4,1036.3,2350.1,1080.6],\"text\":\"$ 978 $893 $781\"},{\"bbox\":[2058.3,1090.5,2100.0,1134.8],\"text\":\"53\"},{\"bbox\":[2183.3,1090.5,2225.0,1134.8],\"text\":\"49\"},{\"bbox\":[2308.3,1090.5,2350.0,1134.8],\"text\":\"43\"},{\"bbox\":[2058.3,1144.7,2100.0,1188.9],\"text\":\"32\"},{\"bbox\":[2183.3,1144.7,2225.0,1188.9],\"text\":\"66\"},{\"bbox\":[2308.3,1144.7,2350.0,1188.9],\"text\":\"59\"},{\"bbox\":[2049.4,1198.8,2109.2,1243.1],\"text\":\"(12)\"},{\"bbox\":[2174.4,1198.8,2234.2,1243.1],\"text\":\"(16)\"},{\"bbox\":[2299.4,1198.8,2359.1,1243.1],\"text\":\"(15)\"}],\"order\":38,\"text\":\"$ 978 $893 $781\\n53\\n49\\n43\\n32\\n66\\n59\\n(12)\\n(16)\\n(15)\"},{\"bbox\":[1985.4,1265.5,2100.1,1309.8],\"lines\":[{\"bbox\":[1985.4,1265.5,2100.1,1309.8],\"text\":\"$1,051\"}],\"order\":39,\"text\":\"$1,051\"},{\"bbox\":[2146.3,973.4,2220.4,1013.2],\"lines\":[{\"bbox\":[2146.3,973.4,2220.4,1013.2],\"text\":\"2010\"}],\"order\":40,\"text\":\"2010\"},{\"bbox\":[2141.7,1265.5,2225.1,1309.8],\"lines\":[{\"bbox\":[2141.7,1265.5,2225.1,1309.8],\"text\":\"$992\"}],\"order\":41,\"text\":\"$992\"},{\"bbox\":[2271.3,973.4,2345.4,1013.2],\"lines\":[{\"bbox\":[2271.3,973.4,2345.4,1013.2],\"text\":\"2009\"}],\"order\":42,\"text\":\"2009\"},{\"bbox\":[2266.7,1265.5,2350.1,1309.8],\"lines\":[{\"bbox\":[2266.7,1265.5,2350.1,1309.8],\"text\":\"$868\"}],\"order\":43,\"text\":\"$868\"},{\"bbox\":[1325.0,1344.3,2331.3,1432.2],\"lines\":[{\"bbox\":[1325.0,1344.3,2331.3,1373.8],\"text\":\"(a) Includes $(13) million, $11 million and $19 million of net after-tax mark-to-market (losses)/\"},{\"bbox\":[1375.0,1373.5,1845.8,1403.0],\"text\":\"gains in 2011, 2010 and 2009, respectively.\"},{\"bbox\":[1325.0,1402.7,2020.8,1432.2],\"text\":\"(b) Consists of inter-company and parent company accounting.\"}],\"order\":44,\"text\":\"(a) Includes $(13) million, $11 million and $19 million of net after-tax mark-to-market (losses)/\\ngains in 2011, 2010 and 2009, respectively.\\n(b) Consists of inter-company and parent company accounting.\"},{\"bbox\":[200.0,2215.5,1209.9,2361.7],\"lines\":[{\"bbox\":[200.0,2215.5,1120.6,2245.0],\"text\":\"(a) Net income from the competitive energy businesses for the twelve months ended\"},{\"bbox\":[250.0,2244.7,1186.8,2274.2],\"text\":\"December 31, 2011 includes $(13) million of net after-tax mark-to-market (losses)/gains\"},{\"bbox\":[250.0,2273.8,1030.7,2303.4],\"text\":\"(Con Edison Solutions, $(23) million and Con Edison Energy, $10 million).\"},{\"bbox\":[200.0,2303.0,1209.9,2332.5],\"text\":\"(b) Represents inter-company and parent company accounting. See “Results of Operations,”\"},{\"bbox\":[250.0,2332.2,321.3,2361.7],\"text\":\"below.\"}],\"order\":45,\"text\":\"(a) Net income from the competitive energy businesses for the twelve months ended\\nDecember 31, 2011 includes $(13) million of net after-tax mark-to-market (losses)/gains\\n(Con Edison Solutions, $(23) million and Con Edison Energy, $10 million).\\n(b) Represents inter-company and parent company accounting. See “Results of Operations,”\\nbelow.\"},{\"bbox\":[133.5,3139.0,168.2,3175.7],\"lines\":[{\"bbox\":[133.5,3139.0,168.2,3175.7],\"text\":\"38\"}],\"order\":46,\"text\":\"38\"},{\"bbox\":[1325.0,763.4,2343.0,918.0],\"lines\":[{\"bbox\":[1325.0,763.4,1941.4,808.1],\"text\":\"Results of Operations — Summary\"},{\"bbox\":[1325.0,818.7,2343.0,863.0],\"text\":\"Net income for the years ended December 31, 2011, 2010 and\"},{\"bbox\":[1325.0,873.7,1663.9,918.0],\"text\":\"2009 was as follows:\"}],\"order\":47,\"text\":\"Results of Operations — Summary\\nNet income for the years ended December 31, 2011, 2010 and\\n2009 was as follows:\"},{\"bbox\":[1362.5,1266.1,1556.9,1309.8],\"lines\":[{\"bbox\":[1362.5,1266.1,1556.9,1309.8],\"text\":\"Con Edison\"}],\"order\":48,\"text\":\"Con Edison\"},{\"bbox\":[1001.9,1493.5,1222.4,1616.6],\"lines\":[{\"bbox\":[1094.6,1493.5,1129.2,1533.3],\"text\":\"At\"},{\"bbox\":[1001.9,1535.2,1222.4,1574.9],\"text\":\"December 31,\"},{\"bbox\":[1074.8,1576.8,1149.0,1616.6],\"text\":\"2011\"}],\"order\":49,\"text\":\"At\\nDecember 31,\\n2011\"},{\"bbox\":[572.3,1535.2,920.9,1616.6],\"lines\":[{\"bbox\":[572.3,1535.2,920.9,1574.9],\"text\":\"Twelve months ended\"},{\"bbox\":[594.8,1576.8,898.5,1616.6],\"text\":\"December 31, 2011\"}],\"order\":50,\"text\":\"Twelve months ended\\nDecember 31, 2011\"},{\"bbox\":[1325.0,276.2,2324.9,699.6],\"lines\":[{\"bbox\":[1325.0,276.2,2243.2,320.5],\"text\":\"Con Edison’s net income for common stock in 2011 was\"},{\"bbox\":[1325.0,330.4,2319.4,374.7],\"text\":\"$1,051 million or $3.59 a share ($3.57 on a diluted basis). Net\"},{\"bbox\":[1325.0,384.5,2324.8,428.8],\"text\":\"income for common stock in 2010 and 2009 was $992 million\"},{\"bbox\":[1325.0,438.7,2324.9,483.0],\"text\":\"or $3.49 a share ($3.47 on a diluted basis) and $868 million or\"},{\"bbox\":[1325.0,492.9,2255.9,537.1],\"text\":\"$3.16 a share ($3.14 on a diluted basis), respectively. See\"},{\"bbox\":[1325.0,547.0,2235.9,591.3],\"text\":\"“Results of Operations – Summary,” below. For segment\"},{\"bbox\":[1325.0,601.2,2315.8,645.5],\"text\":\"financial information, see Note N to the financial statements in\"},{\"bbox\":[1325.0,655.3,2009.9,699.6],\"text\":\"Item 8 and “Results of Operations,” below.\"}],\"order\":51,\"text\":\"Con Edison’s net income for common stock in 2011 was\\n$1,051 million or $3.59 a share ($3.57 on a diluted basis). Net\\nincome for common stock in 2010 and 2009 was $992 million\\nor $3.49 a share ($3.47 on a diluted basis) and $868 million or\\n$3.16 a share ($3.14 on a diluted basis), respectively. See\\n“Results of Operations – Summary,” below. For segment\\nfinancial information, see Note N to the financial statements in\\nItem 8 and “Results of Operations,” below.\"},{\"bbox\":[1325.0,1498.9,2349.3,2138.9],\"lines\":[{\"bbox\":[1325.0,1498.9,2308.4,1543.2],\"text\":\"The Companies’ results of operations for 2011, as compared\"},{\"bbox\":[1325.0,1553.1,2342.6,1597.4],\"text\":\"with 2010, reflect changes in the Utilities’ rate plans. These rate\"},{\"bbox\":[1325.0,1607.2,2216.5,1651.5],\"text\":\"plans provide for additional revenues to cover expected\"},{\"bbox\":[1325.0,1661.4,2349.2,1705.7],\"text\":\"increases in certain operations and maintenance expenses, and\"},{\"bbox\":[1325.0,1715.5,2255.5,1759.8],\"text\":\"depreciation and property taxes. The results of operations\"},{\"bbox\":[1325.0,1769.7,2195.5,1814.0],\"text\":\"include the operating results of the competitive energy\"},{\"bbox\":[1325.0,1823.9,2308.1,1868.1],\"text\":\"businesses, including net mark-to-market effects. Operations\"},{\"bbox\":[1325.0,1878.0,2349.3,1922.3],\"text\":\"and maintenance expenses were higher in 2011 compared with\"},{\"bbox\":[1325.0,1932.2,2271.9,1976.5],\"text\":\"2010 reflecting primarily higher costs for pension and other\"},{\"bbox\":[1325.0,1986.3,2344.7,2030.6],\"text\":\"postretirement benefits and employee health care. Depreciation\"},{\"bbox\":[1325.0,2040.5,2303.4,2084.8],\"text\":\"and property taxes were higher in 2011 compared with 2010\"},{\"bbox\":[1325.0,2094.6,2069.9,2138.9],\"text\":\"reflecting primarily higher utility plant balances.\"}],\"order\":52,\"text\":\"The Companies’ results of operations for 2011, as compared\\nwith 2010, reflect changes in the Utilities’ rate plans. These rate\\nplans provide for additional revenues to cover expected\\nincreases in certain operations and maintenance expenses, and\\ndepreciation and property taxes. The results of operations\\ninclude the operating results of the competitive energy\\nbusinesses, including net mark-to-market effects. Operations\\nand maintenance expenses were higher in 2011 compared with\\n2010 reflecting primarily higher costs for pension and other\\npostretirement benefits and employee health care. Depreciation\\nand property taxes were higher in 2011 compared with 2010\\nreflecting primarily higher utility plant balances.\"}],\"doc\":\"fintabnet:ED_2011\",\"dpi\":300,\"image_px\":[2550,3263],\"layout\":[],\"markdown\":\"I TEM 7:\\n\\nM ANAGEMENT ’ S D ISCUSSION AND A NALYSIS OF F INANCIAL C ONDITION AND R ESULTS OF O PERATIONS\\n\\nThis combined management’s discussion and analysis of\\nfinancial condition and results of operations relates to the\\nconsolidated financial statements included in this report of two\\nseparate registrants: Con Edison and CECONY and should be\\nread in conjunction with the financial statements and the notes\\nthereto. As used in this report, the term the “Companies” refers\\nto Con Edison and CECONY. CECONY is a subsidiary of Con\\nEdison and, as such, information in this management’s\\ndiscussion and analysis about CECONY applies to Con Edison.\\n\\nInformation in any item of this report referred to in this\\ndiscussion and analysis is incorporated by reference herein.\\nThe use of terms such as “see” or “refer to” shall be deemed to\\nincorporate by reference into this discussion and analysis the\\ninformation to which reference is made.\\n\\nCorporate Overview\\nCon Edison’s principal business operations are those of the\\nUtilities. Con Edison also has competitive energy businesses.\\nSee “The Utilities” and “Competitive Energy Businesses” in\\nItem 1. Certain financial data of Con Edison’s businesses is\\npresented below:\\n\\n(millions of dollars,\\nOperating\\nexcept percentages) Revenues\\n\\nCECONY\\nO&R\\n\\nTotal Utilities\\n\\nCon Edison\\nSolutions(a)\\nCon Edison Energy(a)\\nCon Edison\\nDevelopment\\nOther(b)\\n\\nTotal Con Edison\\n\\nNet\\nIncome\\n\\nAssets\\n\\n$10,484\\n855\\n\\n81% $ 978\\n7%\\n53\\n\\n93% $35,218\\n5%\\n2,486\\n\\n90%\\n6%\\n\\n11,339\\n\\n88% 1,031\\n\\n98%\\n\\n37,704\\n\\n96%\\n\\n1,404\\n216\\n\\n11%\\n2%\\n\\n20\\n9\\n\\n2%\\n1%\\n\\n324\\n98\\n\\n1%\\n-%\\n\\n10\\n(31)\\n\\n-%\\n(1)%\\n\\n3\\n(12)\\n\\n-%\\n(1)%\\n\\n523\\n565\\n\\n1%\\n2%\\n\\n$12,938 100% $1,051 100% $39,214 100%\\n\\nCON EDISON ANNUAL REPORT\\n\\n(millions of dollars)\\n\\n2011\\n\\nCECONY\\nO&R\\nCompetitive energy businesses(a)\\nOther(b)\\n\\n$ 978 $893 $781\\n53\\n49\\n43\\n32\\n66\\n59\\n(12)\\n(16)\\n(15)\\n\\n$1,051\\n\\n2010\\n\\n$992\\n\\n2009\\n\\n$868\\n\\n(a) Includes $(13) million, $11 million and $19 million of net after-tax mark-to-market (losses)/\\ngains in 2011, 2010 and 2009, respectively.\\n(b) Consists of inter-company and parent company accounting.\\n\\n(a) Net income from the competitive energy businesses for the twelve months ended\\nDecember 31, 2011 includes $(13) million of net after-tax mark-to-market (losses)/gains\\n(Con Edison Solutions, $(23) million and Con Edison Energy, $10 million).\\n(b) Represents inter-company and parent company accounting. See “Results of Operations,”\\nbelow.\\n\\n38\\n\\nResults of Operations — Summary\\nNet income for the years ended December 31, 2011, 2010 and\\n2009 was as follows:\\n\\nCon Edison\\n\\nAt\\nDecember 31,\\n2011\\n\\nTwelve months ended\\nDecember 31, 2011\\n\\nCon Edison’s net income for common stock in 2011 was\\n$1,051 million or $3.59 a share ($3.57 on a diluted basis). Net\\nincome for common stock in 2010 and 2009 was $992 million\\nor $3.49 a share ($3.47 on a diluted basis) and $868 million or\\n$3.16 a share ($3.14 on a diluted basis), respectively. See\\n“Results of Operations – Summary,” below. For segment\\nfinancial information, see Note N to the financial statements in\\nItem 8 and “Results of Operations,” below.\\n\\nThe Companies’ results of operations for 2011, as compared\\nwith 2010, reflect changes in the Utilities’ rate plans. These rate\\nplans provide for additional revenues to cover expected\\nincreases in certain operations and maintenance expenses, and\\ndepreciation and property taxes. The results of operations\\ninclude the operating results of the competitive energy\\nbusinesses, including net mark-to-market effects. Operations\\nand maintenance expenses were higher in 2011 compared with\\n2010 reflecting primarily higher costs for pension and other\\npostretirement benefits and employee health care. Depreciation\\nand property taxes were higher in 2011 compared with 2010\\nreflecting primarily higher utility plant balances.\",\"name\":\"fintabnet.ED_2011_page_48__300dpi_none\",\"page_id\":\"fintabnet.ED_2011_page_48\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"ED_2011_page_48\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[1325.0,973.4,2359.1,1309.8],\"block_orders\":[35,36,37,38,39,40,41,42,43,48],\"cells\":null}],\"text\":\"I TEM 7:\\n\\nM ANAGEMENT ’ S D ISCUSSION AND A NALYSIS OF F INANCIAL C ONDITION AND R ESULTS OF O PERATIONS\\n\\nThis combined management’s discussion and analysis of\\nfinancial condition and results of operations relates to the\\nconsolidated financial statements included in this report of two\\nseparate registrants: Con Edison and CECONY and should be\\nread in conjunction with the financial statements and the notes\\nthereto. As used in this report, the term the “Companies” refers\\nto Con Edison and CECONY. CECONY is a subsidiary of Con\\nEdison and, as such, information in this management’s\\ndiscussion and analysis about CECONY applies to Con Edison.\\n\\nInformation in any item of this report referred to in this\\ndiscussion and analysis is incorporated by reference herein.\\nThe use of terms such as “see” or “refer to” shall be deemed to\\nincorporate by reference into this discussion and analysis the\\ninformation to which reference is made.\\n\\nCorporate Overview\\nCon Edison’s principal business operations are those of the\\nUtilities. Con Edison also has competitive energy businesses.\\nSee “The Utilities” and “Competitive Energy Businesses” in\\nItem 1. Certain financial data of Con Edison’s businesses is\\npresented below:\\n\\n(millions of dollars,\\nOperating\\nexcept percentages) Revenues\\n\\nCECONY\\nO&R\\n\\nTotal Utilities\\n\\nCon Edison\\nSolutions(a)\\nCon Edison Energy(a)\\nCon Edison\\nDevelopment\\nOther(b)\\n\\nTotal Con Edison\\n\\nNet\\nIncome\\n\\nAssets\\n\\n$10,484\\n855\\n\\n81% $ 978\\n7%\\n53\\n\\n93% $35,218\\n5%\\n2,486\\n\\n90%\\n6%\\n\\n11,339\\n\\n88% 1,031\\n\\n98%\\n\\n37,704\\n\\n96%\\n\\n1,404\\n216\\n\\n11%\\n2%\\n\\n20\\n9\\n\\n2%\\n1%\\n\\n324\\n98\\n\\n1%\\n-%\\n\\n10\\n(31)\\n\\n-%\\n(1)%\\n\\n3\\n(12)\\n\\n-%\\n(1)%\\n\\n523\\n565\\n\\n1%\\n2%\\n\\n$12,938 100% $1,051 100% $39,214 100%\\n\\nCON EDISON ANNUAL REPORT\\n\\n(millions of dollars)\\n\\n2011\\n\\nCECONY\\nO&R\\nCompetitive energy businesses(a)\\nOther(b)\\n\\n$ 978 $893 $781\\n53\\n49\\n43\\n32\\n66\\n59\\n(12)\\n(16)\\n(15)\\n\\n$1,051\\n\\n2010\\n\\n$992\\n\\n2009\\n\\n$868\\n\\n(a) Includes $(13) million, $11 million and $19 million of net after-tax mark-to-market (losses)/\\ngains in 2011, 2010 and 2009, respectively.\\n(b) Consists of inter-company and parent company accounting.\\n\\n(a) Net income from the competitive energy businesses for the twelve months ended\\nDecember 31, 2011 includes $(13) million of net after-tax mark-to-market (losses)/gains\\n(Con Edison Solutions, $(23) million and Con Edison Energy, $10 million).\\n(b) Represents inter-company and parent company accounting. See “Results of Operations,”\\nbelow.\\n\\n38\\n\\nResults of Operations — Summary\\nNet income for the years ended December 31, 2011, 2010 and\\n2009 was as follows:\\n\\nCon Edison\\n\\nAt\\nDecember 31,\\n2011\\n\\nTwelve months ended\\nDecember 31, 2011\\n\\nCon Edison’s net income for common stock in 2011 was\\n$1,051 million or $3.59 a share ($3.57 on a diluted basis). Net\\nincome for common stock in 2010 and 2009 was $992 million\\nor $3.49 a share ($3.47 on a diluted basis) and $868 million or\\n$3.16 a share ($3.14 on a diluted basis), respectively. See\\n“Results of Operations – Summary,” below. For segment\\nfinancial information, see Note N to the financial statements in\\nItem 8 and “Results of Operations,” below.\\n\\nThe Companies’ results of operations for 2011, as compared\\nwith 2010, reflect changes in the Utilities’ rate plans. These rate\\nplans provide for additional revenues to cover expected\\nincreases in certain operations and maintenance expenses, and\\ndepreciation and property taxes. The results of operations\\ninclude the operating results of the competitive energy\\nbusinesses, including net mark-to-market effects. Operations\\nand maintenance expenses were higher in 2011 compared with\\n2010 reflecting primarily higher costs for pension and other\\npostretirement benefits and employee health care. Depreciation\\nand property taxes were higher in 2011 compared with 2010\\nreflecting primarily higher utility plant balances.\"},\"name\":\"fintabnet.ED_2011_page_48__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":364505,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:ED_2011\",\"dpi\":300,\"gt_sha256\":\"a5f2bb6e4949517c03f3585827cddcec60621b956dc748c16370d3f6e158f77d\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ED_2011_page_48__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.ED_2011_page_48\",\"pdf_sha256\":\"2b469bb344b68a89c9af8d0734947928fe52a043ac7d3d69ea2cdf928f710f88\",\"px\":[2550,3263],\"scan\":{\"render\":\"00007e7c7ffc7ef87ee678847efe0e7c7ffc6afe7e783e000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"ED_2011_page_48\",\"src\":{\"file_sha256\":\"4868b5da12cdb47c81623cdfa80bffd692437a7d0948b1d7782ad1906f936675\",\"render\":\"00003e7c7ffc7ef07ec078f67efe1f7c7ffc7efe7f7018000000000000000000\",\"text\":\"df8bf268d2ec561b2c2ec7b54d135b26ca95ad5ee5dce1b921969f007044ae45\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"2b469bb344b68a89c9af8d0734947928fe52a043ac7d3d69ea2cdf928f710f88\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/2b469bb344b68a89c9af8d0734947928fe52a043ac7d3d69ea2cdf928f710f88.pdf","asset_sha256":"2b469bb344b68a89c9af8d0734947928fe52a043ac7d3d69ea2cdf928f710f88","document_id":"fintabnet:ED_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ED_2011_page_48\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"EL_2005_page_79\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:EL_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[100.0,198.8,779.5,460.2],\"lines\":[{\"bbox\":[133.3,198.8,779.3,226.9],\"text\":\"Total net compensation income attributable to the grant-\"},{\"bbox\":[100.0,237.7,779.2,265.8],\"text\":\"ing of share units, the decrease in value of existing share\"},{\"bbox\":[100.0,276.6,779.2,304.7],\"text\":\"units and the granting of stock options to a consultant was\"},{\"bbox\":[100.0,315.5,779.5,343.5],\"text\":\"$1.3 million in fiscal 2005. Total net compensation expense\"},{\"bbox\":[100.0,354.4,779.1,382.4],\"text\":\"attributable to the granting of share units and the increase\"},{\"bbox\":[100.0,393.3,779.1,421.3],\"text\":\"in value of existing share units was $7.8 million and $1.4\"},{\"bbox\":[100.0,432.2,619.4,460.2],\"text\":\"million in fiscal 2004 and 2003, respectively.\"}],\"order\":0,\"text\":\"Total net compensation income attributable to the grant-\\ning of share units, the decrease in value of existing share\\nunits and the granting of stock options to a consultant was\\n$1.3 million in fiscal 2005. Total net compensation expense\\nattributable to the granting of share units and the increase\\nin value of existing share units was $7.8 million and $1.4\\nmillion in fiscal 2004 and 2003, respectively.\"},{\"bbox\":[845.8,198.8,1525.0,615.8],\"lines\":[{\"bbox\":[845.8,198.8,1525.0,226.9],\"text\":\"2,693,500 and 6,651,200 shares were granted in fiscal\"},{\"bbox\":[845.8,237.7,1525.0,265.8],\"text\":\"2005, 2004 and 2003, respectively. Generally, the stock\"},{\"bbox\":[845.8,276.6,1525.0,304.7],\"text\":\"options become exercisable at various times through Feb-\"},{\"bbox\":[845.8,315.5,980.9,343.5],\"text\":\"ruary 2009.\"},{\"bbox\":[879.2,354.4,1525.0,382.4],\"text\":\"In addition to awards made by the Company, certain\"},{\"bbox\":[845.8,393.3,1525.0,421.3],\"text\":\"outstanding stock options were assumed as part of the\"},{\"bbox\":[845.8,432.1,1525.0,461.0],\"text\":\"October 1997 acquisition of the companies that sold jane\"},{\"bbox\":[845.8,471.1,1525.0,499.1],\"text\":\"brand products. Of the 221,200 originally issued options\"},{\"bbox\":[845.8,510.0,1525.0,538.0],\"text\":\"to acquire shares of the Company’s Class A Common\"},{\"bbox\":[845.8,548.9,1525.0,576.9],\"text\":\"Stock, 4,100 were outstanding as of June 30, 2005, all of\"},{\"bbox\":[845.8,587.7,1525.0,615.8],\"text\":\"which were exercisable and will expire through May 2007.\"}],\"order\":1,\"text\":\"2,693,500 and 6,651,200 shares were granted in fiscal\\n2005, 2004 and 2003, respectively. Generally, the stock\\noptions become exercisable at various times through Feb-\\nruary 2009.\\nIn addition to awards made by the Company, certain\\noutstanding stock options were assumed as part of the\\nOctober 1997 acquisition of the companies that sold jane\\nbrand products. Of the 221,200 originally issued options\\nto acquire shares of the Company’s Class A Common\\nStock, 4,100 were outstanding as of June 30, 2005, all of\\nwhich were exercisable and will expire through May 2007.\"},{\"bbox\":[100.0,490.5,779.2,907.4],\"lines\":[{\"bbox\":[100.0,490.5,357.2,519.3],\"text\":\"Share Incentive Plans\"},{\"bbox\":[100.0,529.4,778.9,557.4],\"text\":\"The Plans provide for the issuance of 30,750,000 shares to\"},{\"bbox\":[100.0,568.3,779.2,596.3],\"text\":\"be awarded in the form of stock options, stock apprecia-\"},{\"bbox\":[100.0,607.2,779.1,635.2],\"text\":\"tion rights and other stock awards to key employees and\"},{\"bbox\":[100.0,646.1,779.2,674.1],\"text\":\"stock options, stock awards and stock units to non-\"},{\"bbox\":[100.0,685.0,779.2,713.0],\"text\":\"employee directors of the Company. As of June 30, 2005,\"},{\"bbox\":[100.0,723.9,779.1,751.9],\"text\":\"2,554,200 shares of Class A Common Stock were reserved\"},{\"bbox\":[100.0,762.7,779.1,790.8],\"text\":\"and were available to be granted pursuant to the Plans. The\"},{\"bbox\":[100.0,801.6,779.1,829.7],\"text\":\"exercise period for all stock options generally may not\"},{\"bbox\":[100.0,840.5,779.2,868.5],\"text\":\"exceed ten years from the date of grant. Pursuant to the\"},{\"bbox\":[100.0,879.4,779.1,907.4],\"text\":\"Plans, stock option awards in respect of 2,219,300,\"}],\"order\":2,\"text\":\"Share Incentive Plans\\nThe Plans provide for the issuance of 30,750,000 shares to\\nbe awarded in the form of stock options, stock apprecia-\\ntion rights and other stock awards to key employees and\\nstock options, stock awards and stock units to non-\\nemployee directors of the Company. As of June 30, 2005,\\n2,554,200 shares of Class A Common Stock were reserved\\nand were available to be granted pursuant to the Plans. The\\nexercise period for all stock options generally may not\\nexceed ten years from the date of grant. Pursuant to the\\nPlans, stock option awards in respect of 2,219,300,\"},{\"bbox\":[845.8,646.0,1525.0,907.4],\"lines\":[{\"bbox\":[845.8,646.0,1269.7,674.9],\"text\":\"Executive Employment Agreements\"},{\"bbox\":[845.8,685.0,1525.0,713.0],\"text\":\"The executive employment agreements provide for the\"},{\"bbox\":[845.8,723.9,1525.0,751.9],\"text\":\"issuance of 11,400,000 shares to be awarded in the form\"},{\"bbox\":[845.8,762.7,1525.0,790.8],\"text\":\"of stock options and other stock awards to certain key\"},{\"bbox\":[845.8,801.6,1525.0,829.7],\"text\":\"executives. The Company has reserved 660,400 shares of\"},{\"bbox\":[845.8,840.5,1524.8,868.5],\"text\":\"its Class A Common Stock pursuant to such agreements as\"},{\"bbox\":[845.8,879.4,1048.4,907.4],\"text\":\"of June 30, 2005.\"}],\"order\":3,\"text\":\"Executive Employment Agreements\\nThe executive employment agreements provide for the\\nissuance of 11,400,000 shares to be awarded in the form\\nof stock options and other stock awards to certain key\\nexecutives. The Company has reserved 660,400 shares of\\nits Class A Common Stock pursuant to such agreements as\\nof June 30, 2005.\"},{\"bbox\":[100.0,950.7,1525.0,1017.6],\"lines\":[{\"bbox\":[100.0,950.7,1525.0,978.8],\"text\":\"A summary of the Company’s stock option programs as of June 30, 2005, 2004 and 2003, and changes during the years\"},{\"bbox\":[100.0,989.6,476.5,1017.6],\"text\":\"then ended, is presented below:\"}],\"order\":4,\"text\":\"A summary of the Company’s stock option programs as of June 30, 2005, 2004 and 2003, and changes during the years\\nthen ended, is presented below:\"},{\"bbox\":[652.7,1038.8,708.4,1064.8],\"lines\":[{\"bbox\":[652.7,1038.8,708.4,1064.8],\"text\":\"2005\"}],\"order\":5,\"text\":\"2005\"},{\"bbox\":[1009.9,1038.9,1065.2,1064.1],\"lines\":[{\"bbox\":[1009.9,1038.9,1065.2,1064.1],\"text\":\"2004\"}],\"order\":6,\"text\":\"2004\"},{\"bbox\":[583.2,1165.2,655.6,1191.2],\"lines\":[{\"bbox\":[583.2,1165.2,655.6,1191.2],\"text\":\"Shares\"}],\"order\":7,\"text\":\"Shares\"},{\"bbox\":[694.1,1077.7,806.8,1191.2],\"lines\":[{\"bbox\":[694.1,1077.7,806.8,1103.7],\"text\":\"Weighted-\"},{\"bbox\":[712.1,1106.9,800.0,1132.9],\"text\":\"Average\"},{\"bbox\":[712.9,1136.1,800.0,1162.0],\"text\":\"Exercise\"},{\"bbox\":[745.5,1165.2,800.0,1191.2],\"text\":\"Price\"}],\"order\":8,\"text\":\"Weighted-\\nAverage\\nExercise\\nPrice\"},{\"bbox\":[100.0,1233.3,449.4,1358.6],\"lines\":[{\"bbox\":[100.0,1233.3,449.4,1258.6],\"text\":\"Outstanding at beginning of year\"},{\"bbox\":[133.3,1266.7,346.7,1291.9],\"text\":\"Granted at fair value\"},{\"bbox\":[133.3,1300.0,234.3,1325.2],\"text\":\"Exercised\"},{\"bbox\":[133.3,1333.3,355.3,1358.6],\"text\":\"Cancelled or expired\"}],\"order\":9,\"text\":\"Outstanding at beginning of year\\nGranted at fair value\\nExercised\\nCancelled or expired\"},{\"bbox\":[559.2,1233.3,664.4,1359.3],\"lines\":[{\"bbox\":[559.2,1233.3,655.6,1259.3],\"text\":\"28,949.8\"},{\"bbox\":[573.2,1266.6,655.6,1292.6],\"text\":\"2,219.3\"},{\"bbox\":[564.4,1300.0,664.4,1325.9],\"text\":\"(3,496.1)\"},{\"bbox\":[584.6,1333.3,664.4,1359.3],\"text\":\"(328.3)\"}],\"order\":10,\"text\":\"28,949.8\\n2,219.3\\n(3,496.1)\\n(328.3)\"},{\"bbox\":[100.0,1376.4,383.0,1401.6],\"lines\":[{\"bbox\":[100.0,1376.4,383.0,1401.6],\"text\":\"Outstanding at end of year\"}],\"order\":11,\"text\":\"Outstanding at end of year\"},{\"bbox\":[100.0,1422.2,435.5,1447.4],\"lines\":[{\"bbox\":[100.0,1422.2,435.5,1447.4],\"text\":\"Options exercisable at year-end\"}],\"order\":12,\"text\":\"Options exercisable at year-end\"},{\"bbox\":[1372.4,1038.9,1427.7,1064.1],\"lines\":[{\"bbox\":[1372.4,1038.9,1427.7,1064.1],\"text\":\"2003\"}],\"order\":13,\"text\":\"2003\"},{\"bbox\":[943.3,1165.3,1012.5,1190.5],\"lines\":[{\"bbox\":[943.3,1165.3,1012.5,1190.5],\"text\":\"Shares\"}],\"order\":14,\"text\":\"Shares\"},{\"bbox\":[1066.8,1077.8,1178.4,1190.5],\"lines\":[{\"bbox\":[1066.8,1077.8,1178.4,1103.0],\"text\":\"Weighted-\"},{\"bbox\":[1084.7,1106.9,1170.8,1132.2],\"text\":\"Average\"},{\"bbox\":[1084.3,1136.1,1170.8,1161.3],\"text\":\"Exercise\"},{\"bbox\":[1117.0,1165.3,1170.8,1190.5],\"text\":\"Price\"}],\"order\":15,\"text\":\"Weighted-\\nAverage\\nExercise\\nPrice\"},{\"bbox\":[1305.8,1165.3,1375.0,1190.5],\"lines\":[{\"bbox\":[1305.8,1165.3,1375.0,1190.5],\"text\":\"Shares\"}],\"order\":16,\"text\":\"Shares\"},{\"bbox\":[1420.9,1077.8,1532.5,1190.5],\"lines\":[{\"bbox\":[1420.9,1077.8,1532.5,1103.0],\"text\":\"Weighted-\"},{\"bbox\":[1438.9,1106.9,1525.0,1132.2],\"text\":\"Average\"},{\"bbox\":[1438.5,1136.1,1525.0,1161.3],\"text\":\"Exercise\"},{\"bbox\":[1471.2,1165.3,1525.0,1190.5],\"text\":\"Price\"}],\"order\":17,\"text\":\"Weighted-\\nAverage\\nExercise\\nPrice\"},{\"bbox\":[724.0,1233.3,800.0,1359.3],\"lines\":[{\"bbox\":[724.0,1233.3,800.0,1259.3],\"text\":\"$36.23\"},{\"bbox\":[737.9,1266.6,800.0,1292.6],\"text\":\"43.31\"},{\"bbox\":[737.9,1300.0,800.0,1325.9],\"text\":\"23.05\"},{\"bbox\":[737.9,1333.3,800.0,1359.3],\"text\":\"42.07\"}],\"order\":18,\"text\":\"$36.23\\n43.31\\n23.05\\n42.07\"},{\"bbox\":[918.0,1233.3,1020.7,1358.6],\"lines\":[{\"bbox\":[918.0,1233.3,1012.5,1258.6],\"text\":\"29,542.2\"},{\"bbox\":[931.8,1266.7,1012.5,1291.9],\"text\":\"2,693.5\"},{\"bbox\":[923.6,1300.0,1020.7,1325.2],\"text\":\"(2,901.4)\"},{\"bbox\":[943.2,1333.3,1020.7,1358.6],\"text\":\"(384.5)\"}],\"order\":19,\"text\":\"29,542.2\\n2,693.5\\n(2,901.4)\\n(384.5)\"},{\"bbox\":[1095.9,1233.3,1170.8,1358.6],\"lines\":[{\"bbox\":[1095.9,1233.3,1170.8,1258.6],\"text\":\"$34.93\"},{\"bbox\":[1109.8,1266.7,1170.8,1291.9],\"text\":\"34.77\"},{\"bbox\":[1109.8,1300.0,1170.8,1325.2],\"text\":\"21.18\"},{\"bbox\":[1109.8,1333.3,1170.8,1358.6],\"text\":\"39.85\"}],\"order\":20,\"text\":\"$34.93\\n34.77\\n21.18\\n39.85\"},{\"bbox\":[1280.5,1233.3,1383.2,1358.6],\"lines\":[{\"bbox\":[1280.5,1233.3,1375.0,1258.6],\"text\":\"24,843.5\"},{\"bbox\":[1294.3,1266.7,1375.0,1291.9],\"text\":\"6,651.2\"},{\"bbox\":[1286.1,1300.0,1383.2,1325.2],\"text\":\"(1,094.0)\"},{\"bbox\":[1305.7,1333.3,1383.2,1358.6],\"text\":\"(858.5)\"}],\"order\":21,\"text\":\"24,843.5\\n6,651.2\\n(1,094.0)\\n(858.5)\"},{\"bbox\":[1450.1,1233.3,1525.0,1358.6],\"lines\":[{\"bbox\":[1450.1,1233.3,1525.0,1258.6],\"text\":\"$35.10\"},{\"bbox\":[1463.9,1266.7,1525.0,1291.9],\"text\":\"32.02\"},{\"bbox\":[1464.0,1300.0,1525.0,1325.2],\"text\":\"15.16\"},{\"bbox\":[1463.9,1333.3,1525.0,1358.6],\"text\":\"43.10\"}],\"order\":22,\"text\":\"$35.10\\n32.02\\n15.16\\n43.10\"},{\"bbox\":[559.3,1376.3,655.6,1402.3],\"lines\":[{\"bbox\":[559.3,1376.3,655.6,1402.3],\"text\":\"27,344.7\"}],\"order\":23,\"text\":\"27,344.7\"},{\"bbox\":[737.9,1376.3,800.0,1402.3],\"lines\":[{\"bbox\":[737.9,1376.3,800.0,1402.3],\"text\":\"38.42\"}],\"order\":24,\"text\":\"38.42\"},{\"bbox\":[918.0,1376.4,1012.5,1401.6],\"lines\":[{\"bbox\":[918.0,1376.4,1012.5,1401.6],\"text\":\"28,949.8\"}],\"order\":25,\"text\":\"28,949.8\"},{\"bbox\":[1109.8,1376.4,1170.8,1401.6],\"lines\":[{\"bbox\":[1109.8,1376.4,1170.8,1401.6],\"text\":\"36.23\"}],\"order\":26,\"text\":\"36.23\"},{\"bbox\":[1280.5,1376.4,1375.0,1401.6],\"lines\":[{\"bbox\":[1280.5,1376.4,1375.0,1401.6],\"text\":\"29,542.2\"}],\"order\":27,\"text\":\"29,542.2\"},{\"bbox\":[1463.9,1376.4,1525.0,1401.6],\"lines\":[{\"bbox\":[1463.9,1376.4,1525.0,1401.6],\"text\":\"34.93\"}],\"order\":28,\"text\":\"34.93\"},{\"bbox\":[559.3,1422.2,655.6,1448.1],\"lines\":[{\"bbox\":[559.3,1422.2,655.6,1448.1],\"text\":\"21,422.1\"}],\"order\":29,\"text\":\"21,422.1\"},{\"bbox\":[737.9,1422.2,800.0,1448.1],\"lines\":[{\"bbox\":[737.9,1422.2,800.0,1448.1],\"text\":\"38.66\"}],\"order\":30,\"text\":\"38.66\"},{\"bbox\":[918.0,1420.4,1032.6,1447.4],\"lines\":[{\"bbox\":[918.0,1420.4,1032.6,1447.4],\"text\":\"19,507.8 (a)\"}],\"order\":31,\"text\":\"19,507.8 (a)\"},{\"bbox\":[1109.8,1422.2,1170.8,1447.4],\"lines\":[{\"bbox\":[1109.8,1422.2,1170.8,1447.4],\"text\":\"36.49\"}],\"order\":32,\"text\":\"36.49\"},{\"bbox\":[1280.5,1422.2,1375.0,1447.4],\"lines\":[{\"bbox\":[1280.5,1422.2,1375.0,1447.4],\"text\":\"16,425.6\"}],\"order\":33,\"text\":\"16,425.6\"},{\"bbox\":[1463.9,1422.2,1525.0,1447.4],\"lines\":[{\"bbox\":[1463.9,1422.2,1525.0,1447.4],\"text\":\"32.31\"}],\"order\":34,\"text\":\"32.31\"},{\"bbox\":[100.0,1202.1,300.8,1224.5],\"lines\":[{\"bbox\":[100.0,1202.1,300.8,1224.5],\"text\":\"(Shares in thousands)\"}],\"order\":35,\"text\":\"(Shares in thousands)\"},{\"bbox\":[100.0,1468.1,507.4,1526.6],\"lines\":[{\"bbox\":[100.0,1468.1,507.4,1493.3],\"text\":\"Weighted-average fair value of options\"},{\"bbox\":[111.1,1501.4,359.3,1526.6],\"text\":\"granted during the year\"}],\"order\":36,\"text\":\"Weighted-average fair value of options\\ngranted during the year\"},{\"bbox\":[579.5,1501.3,655.6,1527.3],\"lines\":[{\"bbox\":[579.5,1501.3,655.6,1527.3],\"text\":\"$16.45\"}],\"order\":37,\"text\":\"$16.45\"},{\"bbox\":[937.6,1501.4,1012.5,1526.6],\"lines\":[{\"bbox\":[937.6,1501.4,1012.5,1526.6],\"text\":\"$13.07\"}],\"order\":38,\"text\":\"$13.07\"},{\"bbox\":[1300.1,1501.4,1375.0,1526.6],\"lines\":[{\"bbox\":[1300.1,1501.4,1375.0,1526.6],\"text\":\"$12.35\"}],\"order\":39,\"text\":\"$12.35\"},{\"bbox\":[100.0,1588.0,1525.7,1639.6],\"lines\":[{\"bbox\":[100.0,1588.0,1525.7,1609.7],\"text\":\"(a) Does not include approximately 1,467,300 shares which became exercisable on July 1, 2004 due to the retirement of an executive on June 30, 2004, based\"},{\"bbox\":[100.0,1617.9,483.3,1639.6],\"text\":\"on the original terms of the option grants.\"}],\"order\":40,\"text\":\"(a) Does not include approximately 1,467,300 shares which became exercisable on July 1, 2004 due to the retirement of an executive on June 30, 2004, based\\non the original terms of the option grants.\"},{\"bbox\":[100.0,1671.6,1525.0,1699.6],\"lines\":[{\"bbox\":[100.0,1671.6,1525.0,1699.6],\"text\":\"Summarized information about the Company’s stock options outstanding and exercisable at June 30, 2005 is as follows:\"}],\"order\":41,\"text\":\"Summarized information about the Company’s stock options outstanding and exercisable at June 30, 2005 is as follows:\"},{\"bbox\":[654.1,1738.9,786.2,1764.1],\"lines\":[{\"bbox\":[654.1,1738.9,786.2,1764.1],\"text\":\"Outstanding\"}],\"order\":42,\"text\":\"Outstanding\"},{\"bbox\":[1288.1,1738.9,1405.7,1764.1],\"lines\":[{\"bbox\":[1288.1,1738.9,1405.7,1764.1],\"text\":\"Exercisable\"}],\"order\":43,\"text\":\"Exercisable\"},{\"bbox\":[100.0,1780.6,319.6,1805.8],\"lines\":[{\"bbox\":[100.0,1780.6,319.6,1805.8],\"text\":\"Exercise Price Range\"}],\"order\":44,\"text\":\"Exercise Price Range\"},{\"bbox\":[435.3,1778.7,542.5,1805.8],\"lines\":[{\"bbox\":[435.3,1778.7,542.5,1805.8],\"text\":\"Options (a)\"}],\"order\":45,\"text\":\"Options (a)\"},{\"bbox\":[628.4,1778.7,782.7,1805.8],\"lines\":[{\"bbox\":[628.4,1778.7,782.7,1805.8],\"text\":\"Average Life (b)\"}],\"order\":46,\"text\":\"Average Life (b)\"},{\"bbox\":[837.2,1778.7,1007.2,1805.8],\"lines\":[{\"bbox\":[837.2,1778.7,1007.2,1805.8],\"text\":\"Average Price (c)\"}],\"order\":47,\"text\":\"Average Price (c)\"},{\"bbox\":[100.0,1823.6,311.4,1982.2],\"lines\":[{\"bbox\":[100.0,1823.6,174.9,1848.8],\"text\":\"$ 3.10\"},{\"bbox\":[100.0,1856.9,311.4,1882.2],\"text\":\"$13.00 to $20.813\"},{\"bbox\":[100.0,1890.3,297.6,1915.5],\"text\":\"$21.313 to $30.52\"},{\"bbox\":[100.0,1923.6,311.4,1948.8],\"text\":\"$31.875 to $47.625\"},{\"bbox\":[100.0,1956.9,297.6,1982.2],\"text\":\"$49.75 to $53.50\"}],\"order\":48,\"text\":\"$ 3.10\\n$13.00 to $20.813\\n$21.313 to $30.52\\n$31.875 to $47.625\\n$49.75 to $53.50\"},{\"bbox\":[427.7,1823.6,522.2,1982.2],\"lines\":[{\"bbox\":[488.8,1823.6,522.2,1848.8],\"text\":\"4.1\"},{\"bbox\":[461.2,1856.9,522.2,1882.2],\"text\":\"469.4\"},{\"bbox\":[441.6,1890.3,522.2,1915.5],\"text\":\"3,383.2\"},{\"bbox\":[427.7,1923.6,522.2,1948.8],\"text\":\"17,363.0\"},{\"bbox\":[441.6,1956.9,522.2,1982.2],\"text\":\"6,125.0\"}],\"order\":49,\"text\":\"4.1\\n469.4\\n3,383.2\\n17,363.0\\n6,125.0\"},{\"bbox\":[686.0,1823.6,719.5,1982.2],\"lines\":[{\"bbox\":[686.0,1823.6,719.5,1848.8],\"text\":\"2.3\"},{\"bbox\":[686.0,1856.9,719.5,1882.2],\"text\":\"0.4\"},{\"bbox\":[686.0,1890.3,719.5,1915.5],\"text\":\"2.4\"},{\"bbox\":[686.0,1923.6,719.5,1948.8],\"text\":\"6.4\"},{\"bbox\":[686.0,1956.9,719.5,1982.2],\"text\":\"4.1\"}],\"order\":50,\"text\":\"2.3\\n0.4\\n2.4\\n6.4\\n4.1\"},{\"bbox\":[888.9,1823.6,950.0,1982.2],\"lines\":[{\"bbox\":[888.9,1823.6,950.0,1848.8],\"text\":\"$3.10\"},{\"bbox\":[888.9,1856.9,950.0,1882.2],\"text\":\"13.13\"},{\"bbox\":[888.9,1890.3,950.0,1915.5],\"text\":\"24.72\"},{\"bbox\":[888.9,1923.6,950.0,1948.8],\"text\":\"37.09\"},{\"bbox\":[888.9,1956.9,950.0,1982.2],\"text\":\"51.71\"}],\"order\":51,\"text\":\"$3.10\\n13.13\\n24.72\\n37.09\\n51.71\"},{\"bbox\":[1154.1,1823.6,1248.6,1982.2],\"lines\":[{\"bbox\":[1215.2,1823.6,1248.6,1848.8],\"text\":\"4.1\"},{\"bbox\":[1187.6,1856.9,1248.6,1882.2],\"text\":\"469.4\"},{\"bbox\":[1168.0,1890.3,1248.6,1915.5],\"text\":\"3,081.0\"},{\"bbox\":[1154.1,1923.6,1248.6,1948.8],\"text\":\"11,742.6\"},{\"bbox\":[1168.0,1956.9,1248.6,1982.2],\"text\":\"6,125.0\"}],\"order\":52,\"text\":\"4.1\\n469.4\\n3,081.0\\n11,742.6\\n6,125.0\"},{\"bbox\":[1401.4,1823.6,1462.5,1982.2],\"lines\":[{\"bbox\":[1401.4,1823.6,1462.5,1848.8],\"text\":\"$3.10\"},{\"bbox\":[1401.4,1856.9,1462.5,1882.2],\"text\":\"13.13\"},{\"bbox\":[1401.4,1890.3,1462.5,1915.5],\"text\":\"24.22\"},{\"bbox\":[1401.4,1923.6,1462.5,1948.8],\"text\":\"36.67\"},{\"bbox\":[1401.4,1956.9,1462.5,1982.2],\"text\":\"51.71\"}],\"order\":53,\"text\":\"$3.10\\n13.13\\n24.22\\n36.67\\n51.71\"},{\"bbox\":[100.0,2000.0,297.6,2025.2],\"lines\":[{\"bbox\":[100.0,2000.0,297.6,2025.2],\"text\":\"$ 3.10 to $53.50\"}],\"order\":54,\"text\":\"$ 3.10 to $53.50\"},{\"bbox\":[427.7,2000.0,522.2,2025.2],\"lines\":[{\"bbox\":[427.7,2000.0,522.2,2025.2],\"text\":\"27,344.7\"}],\"order\":55,\"text\":\"27,344.7\"},{\"bbox\":[686.0,2000.0,719.5,2025.2],\"lines\":[{\"bbox\":[686.0,2000.0,719.5,2025.2],\"text\":\"5.3\"}],\"order\":56,\"text\":\"5.3\"},{\"bbox\":[888.9,2000.0,950.0,2025.2],\"lines\":[{\"bbox\":[888.9,2000.0,950.0,2025.2],\"text\":\"38.42\"}],\"order\":57,\"text\":\"38.42\"},{\"bbox\":[1154.1,2000.0,1248.6,2025.2],\"lines\":[{\"bbox\":[1154.1,2000.0,1248.6,2025.2],\"text\":\"21,422.1\"}],\"order\":58,\"text\":\"21,422.1\"},{\"bbox\":[1401.4,2000.0,1462.5,2025.2],\"lines\":[{\"bbox\":[1401.4,2000.0,1462.5,2025.2],\"text\":\"38.66\"}],\"order\":59,\"text\":\"38.66\"},{\"bbox\":[100.0,2061.6,320.4,2083.3],\"lines\":[{\"bbox\":[100.0,2061.6,320.4,2083.3],\"text\":\"(a) Shares in thousands.\"}],\"order\":60,\"text\":\"(a) Shares in thousands.\"},{\"bbox\":[100.0,2097.0,621.5,2118.7],\"lines\":[{\"bbox\":[100.0,2097.0,621.5,2118.7],\"text\":\"(b) Weighted average contractual life remaining in years.\"}],\"order\":61,\"text\":\"(b) Weighted average contractual life remaining in years.\"},{\"bbox\":[100.0,2132.4,439.9,2154.2],\"lines\":[{\"bbox\":[100.0,2132.4,439.9,2154.2],\"text\":\"(c) Weighted average exercise price.\"}],\"order\":62,\"text\":\"(c) Weighted average exercise price.\"},{\"bbox\":[100.0,2253.0,539.0,2275.4],\"lines\":[{\"bbox\":[100.0,2253.0,539.0,2275.4],\"text\":\"T H E E S T { E L AU DE R COM PA N I E S I N C.\"}],\"order\":63,\"text\":\"T H E E S T { E L AU DE R COM PA N I E S I N C.\"},{\"bbox\":[797.1,2248.9,827.9,2276.9],\"lines\":[{\"bbox\":[797.1,2248.9,827.9,2276.9],\"text\":\"78\"}],\"order\":64,\"text\":\"78\"},{\"bbox\":[1171.4,1778.7,1278.6,1805.8],\"lines\":[{\"bbox\":[1171.4,1778.7,1278.6,1805.8],\"text\":\"Options (a)\"}],\"order\":65,\"text\":\"Options (a)\"},{\"bbox\":[1355.0,1778.7,1525.0,1805.8],\"lines\":[{\"bbox\":[1355.0,1778.7,1525.0,1805.8],\"text\":\"Average Price (c)\"}],\"order\":66,\"text\":\"Average Price (c)\"}],\"doc\":\"fintabnet:EL_2005\",\"dpi\":200,\"image_px\":[1650,2325],\"layout\":[],\"markdown\":\"Total net compensation income attributable to the grant-\\ning of share units, the decrease in value of existing share\\nunits and the granting of stock options to a consultant was\\n$1.3 million in fiscal 2005. Total net compensation expense\\nattributable to the granting of share units and the increase\\nin value of existing share units was $7.8 million and $1.4\\nmillion in fiscal 2004 and 2003, respectively.\\n\\n2,693,500 and 6,651,200 shares were granted in fiscal\\n2005, 2004 and 2003, respectively. Generally, the stock\\noptions become exercisable at various times through Feb-\\nruary 2009.\\nIn addition to awards made by the Company, certain\\noutstanding stock options were assumed as part of the\\nOctober 1997 acquisition of the companies that sold jane\\nbrand products. Of the 221,200 originally issued options\\nto acquire shares of the Company’s Class A Common\\nStock, 4,100 were outstanding as of June 30, 2005, all of\\nwhich were exercisable and will expire through May 2007.\\n\\nShare Incentive Plans\\nThe Plans provide for the issuance of 30,750,000 shares to\\nbe awarded in the form of stock options, stock apprecia-\\ntion rights and other stock awards to key employees and\\nstock options, stock awards and stock units to non-\\nemployee directors of the Company. As of June 30, 2005,\\n2,554,200 shares of Class A Common Stock were reserved\\nand were available to be granted pursuant to the Plans. The\\nexercise period for all stock options generally may not\\nexceed ten years from the date of grant. Pursuant to the\\nPlans, stock option awards in respect of 2,219,300,\\n\\nExecutive Employment Agreements\\nThe executive employment agreements provide for the\\nissuance of 11,400,000 shares to be awarded in the form\\nof stock options and other stock awards to certain key\\nexecutives. The Company has reserved 660,400 shares of\\nits Class A Common Stock pursuant to such agreements as\\nof June 30, 2005.\\n\\nA summary of the Company’s stock option programs as of June 30, 2005, 2004 and 2003, and changes during the years\\nthen ended, is presented below:\\n\\n2005\\n\\n2004\\n\\nShares\\n\\nWeighted-\\nAverage\\nExercise\\nPrice\\n\\nOutstanding at beginning of year\\nGranted at fair value\\nExercised\\nCancelled or expired\\n\\n28,949.8\\n2,219.3\\n(3,496.1)\\n(328.3)\\n\\nOutstanding at end of year\\n\\nOptions exercisable at year-end\\n\\n2003\\n\\nShares\\n\\nWeighted-\\nAverage\\nExercise\\nPrice\\n\\nShares\\n\\nWeighted-\\nAverage\\nExercise\\nPrice\\n\\n$36.23\\n43.31\\n23.05\\n42.07\\n\\n29,542.2\\n2,693.5\\n(2,901.4)\\n(384.5)\\n\\n$34.93\\n34.77\\n21.18\\n39.85\\n\\n24,843.5\\n6,651.2\\n(1,094.0)\\n(858.5)\\n\\n$35.10\\n32.02\\n15.16\\n43.10\\n\\n27,344.7\\n\\n38.42\\n\\n28,949.8\\n\\n36.23\\n\\n29,542.2\\n\\n34.93\\n\\n21,422.1\\n\\n38.66\\n\\n19,507.8 (a)\\n\\n36.49\\n\\n16,425.6\\n\\n32.31\\n\\n(Shares in thousands)\\n\\nWeighted-average fair value of options\\ngranted during the year\\n\\n$16.45\\n\\n$13.07\\n\\n$12.35\\n\\n(a) Does not include approximately 1,467,300 shares which became exercisable on July 1, 2004 due to the retirement of an executive on June 30, 2004, based\\non the original terms of the option grants.\\n\\nSummarized information about the Company’s stock options outstanding and exercisable at June 30, 2005 is as follows:\\n\\nOutstanding\\n\\nExercisable\\n\\nExercise Price Range\\n\\nOptions (a)\\n\\nAverage Life (b)\\n\\nAverage Price (c)\\n\\n$ 3.10\\n$13.00 to $20.813\\n$21.313 to $30.52\\n$31.875 to $47.625\\n$49.75 to $53.50\\n\\n4.1\\n469.4\\n3,383.2\\n17,363.0\\n6,125.0\\n\\n2.3\\n0.4\\n2.4\\n6.4\\n4.1\\n\\n$3.10\\n13.13\\n24.72\\n37.09\\n51.71\\n\\n4.1\\n469.4\\n3,081.0\\n11,742.6\\n6,125.0\\n\\n$3.10\\n13.13\\n24.22\\n36.67\\n51.71\\n\\n$ 3.10 to $53.50\\n\\n27,344.7\\n\\n5.3\\n\\n38.42\\n\\n21,422.1\\n\\n38.66\\n\\n(a) Shares in thousands.\\n\\n(b) Weighted average contractual life remaining in years.\\n\\n(c) Weighted average exercise price.\\n\\nT H E E S T { E L AU DE R COM PA N I E S I N C.\\n\\n78\\n\\nOptions (a)\\n\\nAverage Price (c)\",\"name\":\"fintabnet.EL_2005_page_79__200dpi_mild\",\"page_id\":\"fintabnet.EL_2005_page_79\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"EL_2005_page_79\",\"stack\":[{\"amp\":0.034,\"angle\":214.3,\"blob\":0.387,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.542},{\"op\":\"noise\",\"sigma\":2.057},{\"gain\":0.93,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":73}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[100.0,1034.1,1532.5,1526.6],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39],\"cells\":null},{\"bbox\":[100.0,1734.2,1525.0,2025.2],\"block_orders\":[42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,65,66],\"cells\":null}],\"text\":\"Total net compensation income attributable to the grant-\\ning of share units, the decrease in value of existing share\\nunits and the granting of stock options to a consultant was\\n$1.3 million in fiscal 2005. Total net compensation expense\\nattributable to the granting of share units and the increase\\nin value of existing share units was $7.8 million and $1.4\\nmillion in fiscal 2004 and 2003, respectively.\\n\\n2,693,500 and 6,651,200 shares were granted in fiscal\\n2005, 2004 and 2003, respectively. Generally, the stock\\noptions become exercisable at various times through Feb-\\nruary 2009.\\nIn addition to awards made by the Company, certain\\noutstanding stock options were assumed as part of the\\nOctober 1997 acquisition of the companies that sold jane\\nbrand products. Of the 221,200 originally issued options\\nto acquire shares of the Company’s Class A Common\\nStock, 4,100 were outstanding as of June 30, 2005, all of\\nwhich were exercisable and will expire through May 2007.\\n\\nShare Incentive Plans\\nThe Plans provide for the issuance of 30,750,000 shares to\\nbe awarded in the form of stock options, stock apprecia-\\ntion rights and other stock awards to key employees and\\nstock options, stock awards and stock units to non-\\nemployee directors of the Company. As of June 30, 2005,\\n2,554,200 shares of Class A Common Stock were reserved\\nand were available to be granted pursuant to the Plans. The\\nexercise period for all stock options generally may not\\nexceed ten years from the date of grant. Pursuant to the\\nPlans, stock option awards in respect of 2,219,300,\\n\\nExecutive Employment Agreements\\nThe executive employment agreements provide for the\\nissuance of 11,400,000 shares to be awarded in the form\\nof stock options and other stock awards to certain key\\nexecutives. The Company has reserved 660,400 shares of\\nits Class A Common Stock pursuant to such agreements as\\nof June 30, 2005.\\n\\nA summary of the Company’s stock option programs as of June 30, 2005, 2004 and 2003, and changes during the years\\nthen ended, is presented below:\\n\\n2005\\n\\n2004\\n\\nShares\\n\\nWeighted-\\nAverage\\nExercise\\nPrice\\n\\nOutstanding at beginning of year\\nGranted at fair value\\nExercised\\nCancelled or expired\\n\\n28,949.8\\n2,219.3\\n(3,496.1)\\n(328.3)\\n\\nOutstanding at end of year\\n\\nOptions exercisable at year-end\\n\\n2003\\n\\nShares\\n\\nWeighted-\\nAverage\\nExercise\\nPrice\\n\\nShares\\n\\nWeighted-\\nAverage\\nExercise\\nPrice\\n\\n$36.23\\n43.31\\n23.05\\n42.07\\n\\n29,542.2\\n2,693.5\\n(2,901.4)\\n(384.5)\\n\\n$34.93\\n34.77\\n21.18\\n39.85\\n\\n24,843.5\\n6,651.2\\n(1,094.0)\\n(858.5)\\n\\n$35.10\\n32.02\\n15.16\\n43.10\\n\\n27,344.7\\n\\n38.42\\n\\n28,949.8\\n\\n36.23\\n\\n29,542.2\\n\\n34.93\\n\\n21,422.1\\n\\n38.66\\n\\n19,507.8 (a)\\n\\n36.49\\n\\n16,425.6\\n\\n32.31\\n\\n(Shares in thousands)\\n\\nWeighted-average fair value of options\\ngranted during the year\\n\\n$16.45\\n\\n$13.07\\n\\n$12.35\\n\\n(a) Does not include approximately 1,467,300 shares which became exercisable on July 1, 2004 due to the retirement of an executive on June 30, 2004, based\\non the original terms of the option grants.\\n\\nSummarized information about the Company’s stock options outstanding and exercisable at June 30, 2005 is as follows:\\n\\nOutstanding\\n\\nExercisable\\n\\nExercise Price Range\\n\\nOptions (a)\\n\\nAverage Life (b)\\n\\nAverage Price (c)\\n\\n$ 3.10\\n$13.00 to $20.813\\n$21.313 to $30.52\\n$31.875 to $47.625\\n$49.75 to $53.50\\n\\n4.1\\n469.4\\n3,383.2\\n17,363.0\\n6,125.0\\n\\n2.3\\n0.4\\n2.4\\n6.4\\n4.1\\n\\n$3.10\\n13.13\\n24.72\\n37.09\\n51.71\\n\\n4.1\\n469.4\\n3,081.0\\n11,742.6\\n6,125.0\\n\\n$3.10\\n13.13\\n24.22\\n36.67\\n51.71\\n\\n$ 3.10 to $53.50\\n\\n27,344.7\\n\\n5.3\\n\\n38.42\\n\\n21,422.1\\n\\n38.66\\n\\n(a) Shares in thousands.\\n\\n(b) Weighted average contractual life remaining in years.\\n\\n(c) Weighted average exercise price.\\n\\nT H E E S T { E L AU DE R COM PA N I E S I N C.\\n\\n78\\n\\nOptions (a)\\n\\nAverage Price (c)\"},\"name\":\"fintabnet.EL_2005_page_79__200dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":367919,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:EL_2005\",\"dpi\":200,\"gt_sha256\":\"5a58011eea47949bb4bba63d5ebcc90b60558a7deb9effac293f6b4b6fbf695e\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.EL_2005_page_79__200dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.EL_2005_page_79\",\"pdf_sha256\":\"2948d93e2fcbbc99115e6c688694add36d3ebe8fd0cc182257c911dce7947bbc\",\"px\":[1650,2325],\"scan\":{\"render\":\"00007efe7ffe7cfe7ffc7ffe784001226542775e7f7c78006bc4681070000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"EL_2005_page_79\",\"src\":{\"file_sha256\":\"65c307653b6da7d37f540b8c88a9cb10d3f5baca639662eb7e8f7c5aefd8b8c2\",\"render\":\"00007e7c7efc7cfe7efc7efe78000336774a7ffe7f4078006fde6a9460000000\",\"text\":\"027a01ce7f67075a7a64ad61167ec329e1844c388afce8494e603f9b09ad576b\"},\"stack\":[{\"amp\":0.034,\"angle\":214.3,\"blob\":0.387,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.542},{\"op\":\"noise\",\"sigma\":2.057},{\"gain\":0.93,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":73}],\"tools\":\"21647cade0ee\"},\"sha256\":\"2948d93e2fcbbc99115e6c688694add36d3ebe8fd0cc182257c911dce7947bbc\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/2948d93e2fcbbc99115e6c688694add36d3ebe8fd0cc182257c911dce7947bbc.pdf","asset_sha256":"2948d93e2fcbbc99115e6c688694add36d3ebe8fd0cc182257c911dce7947bbc","document_id":"fintabnet:EL_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"EL_2005_page_79\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"EMN_2004_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:EMN_2004\",\"ground_truth\":{\"blocks\":[{\"bbox\":[102.8,141.5,1392.6,237.5],\"lines\":[{\"bbox\":[102.8,141.5,1392.6,237.5],\"text\":\"Notes to Consolidated Financial Statements\"}],\"order\":0,\"text\":\"Notes to Consolidated Financial Statements\"},{\"bbox\":[105.0,230.0,798.9,275.6],\"lines\":[{\"bbox\":[105.0,230.0,798.9,275.6],\"text\":\"E A S T M A N C H E M I C A L C O M PA N Y A N D S U B S I D I A R I E S\"}],\"order\":1,\"text\":\"E A S T M A N C H E M I C A L C O M PA N Y A N D S U B S I D I A R I E S\"},{\"bbox\":[112.5,454.2,1209.1,1968.3],\"lines\":[{\"bbox\":[112.5,473.7,549.5,519.0],\"text\":\"Postretirement Welfare Plans\"},{\"bbox\":[114.1,504.2,1164.6,569.0],\"text\":\"Eastman provides life insurance and health care benefits for eligible\"},{\"bbox\":[115.7,554.2,1166.2,619.0],\"text\":\"retirees, and health care benefits for retirees’ eligible survivors. In general,\"},{\"bbox\":[117.3,604.2,1167.8,669.0],\"text\":\"Eastman provides those benefits to retirees eligible under the Company’s\"},{\"bbox\":[118.9,654.2,1169.3,718.9],\"text\":\"U.S. pension plans. Similar benefits are also provided to retirees of\"},{\"bbox\":[120.5,704.1,1171.0,768.9],\"text\":\"Holston Defense Corporation (“HDC”), a wholly-owned subsidiary of the\"},{\"bbox\":[122.0,754.1,1172.5,818.9],\"text\":\"Company that, prior to January 1, 1999, operated government-owned\"},{\"bbox\":[123.6,804.1,1174.2,868.9],\"text\":\"ammunitions plant. HDC’s contract with the Department of Army (“DOA”)\"},{\"bbox\":[125.2,854.1,1175.7,918.8],\"text\":\"provided for reimbursement of allowable costs incurred by HDC including\"},{\"bbox\":[126.8,904.0,1177.2,968.8],\"text\":\"certain postretirement welfare costs, for as long as HDC operated the\"},{\"bbox\":[128.4,954.0,1179.0,1018.8],\"text\":\"plant. After the contract was terminated at the end of 1998, the Army\"},{\"bbox\":[130.0,1004.0,1180.4,1068.8],\"text\":\"has not contributed further to these costs. The Company continues to\"},{\"bbox\":[131.6,1054.0,1182.0,1118.7],\"text\":\"accrue for the costs related to HDC retirees while pursuing extraordinary\"},{\"bbox\":[133.1,1103.9,1183.7,1168.7],\"text\":\"relief from the DOA for reimbursement of these and other previously\"},{\"bbox\":[134.7,1153.9,1185.3,1218.7],\"text\":\"expensed employee benefit costs. Given the uncertain outcome of\"},{\"bbox\":[136.3,1203.9,1186.9,1268.7],\"text\":\"discussions with the DOA, the Company will recognize the impact of any\"},{\"bbox\":[137.9,1270.2,673.0,1318.6],\"text\":\"reimbursement in the period settled.\"},{\"bbox\":[177.0,1303.8,1190.0,1367.4],\"text\":\"A few of the Company’s non-U.S. operations have supplemental\"},{\"bbox\":[141.1,1353.8,1191.5,1418.6],\"text\":\"health benefit plans for certain retirees, the cost of which is not significant\"},{\"bbox\":[142.7,1429.5,382.5,1468.6],\"text\":\"to the Company.\"},{\"bbox\":[181.7,1453.7,1194.8,1517.3],\"text\":\"During the second quarter 2004, the Company announced an\"},{\"bbox\":[145.8,1503.7,1196.2,1568.5],\"text\":\"amendment to its health and dental benefit plans such that future health\"},{\"bbox\":[147.4,1553.7,1198.0,1618.5],\"text\":\"and dental benefits to certain retirees will be fixed at a certain\"},{\"bbox\":[149.0,1603.7,1199.5,1668.5],\"text\":\"contribution amount, not to be increased. As a result, the Company\"},{\"bbox\":[150.6,1653.6,1201.0,1718.4],\"text\":\"remeasured these plans as of June 1, 2004 resulting in a reduction of the\"},{\"bbox\":[152.2,1703.6,1202.7,1768.4],\"text\":\"Company’s benefit obligation by approximately $240 million. The\"},{\"bbox\":[153.8,1753.6,1204.3,1818.4],\"text\":\"discount rate used at the time of the remeasurement was adjusted from\"},{\"bbox\":[155.4,1803.6,1205.8,1868.4],\"text\":\"6.25% at December 31, 2003 to 6.50% at June 1, 2004 based on\"},{\"bbox\":[157.0,1853.5,1207.4,1918.3],\"text\":\"increases in interest rates. The effect of this change is reflected in the\"},{\"bbox\":[158.5,1930.5,360.3,1968.3],\"text\":\"results below.\"}],\"order\":2,\"text\":\"Postretirement Welfare Plans\\nEastman provides life insurance and health care benefits for eligible\\nretirees, and health care benefits for retirees’ eligible survivors. In general,\\nEastman provides those benefits to retirees eligible under the Company’s\\nU.S. pension plans. Similar benefits are also provided to retirees of\\nHolston Defense Corporation (“HDC”), a wholly-owned subsidiary of the\\nCompany that, prior to January 1, 1999, operated government-owned\\nammunitions plant. HDC’s contract with the Department of Army (“DOA”)\\nprovided for reimbursement of allowable costs incurred by HDC including\\ncertain postretirement welfare costs, for as long as HDC operated the\\nplant. After the contract was terminated at the end of 1998, the Army\\nhas not contributed further to these costs. The Company continues to\\naccrue for the costs related to HDC retirees while pursuing extraordinary\\nrelief from the DOA for reimbursement of these and other previously\\nexpensed employee benefit costs. Given the uncertain outcome of\\ndiscussions with the DOA, the Company will recognize the impact of any\\nreimbursement in the period settled.\\nA few of the Company’s non-U.S. operations have supplemental\\nhealth benefit plans for certain retirees, the cost of which is not significant\\nto the Company.\\nDuring the second quarter 2004, the Company announced an\\namendment to its health and dental benefit plans such that future health\\nand dental benefits to certain retirees will be fixed at a certain\\ncontribution amount, not to be increased. As a result, the Company\\nremeasured these plans as of June 1, 2004 resulting in a reduction of the\\nCompany’s benefit obligation by approximately $240 million. The\\ndiscount rate used at the time of the remeasurement was adjusted from\\n6.25% at December 31, 2003 to 6.50% at June 1, 2004 based on\\nincreases in interest rates. The effect of this change is reflected in the\\nresults below.\"},{\"bbox\":[1236.9,440.2,1605.7,483.3],\"lines\":[{\"bbox\":[1236.9,440.2,1605.7,483.3],\"text\":\"Summary Balance Sheet\"}],\"order\":3,\"text\":\"Summary Balance Sheet\"},{\"bbox\":[2096.0,486.9,2152.0,518.1],\"lines\":[{\"bbox\":[2096.0,486.9,2152.0,518.1],\"text\":\"2004\"}],\"order\":4,\"text\":\"2004\"},{\"bbox\":[2221.7,482.9,2276.9,514.1],\"lines\":[{\"bbox\":[2221.7,482.9,2276.9,514.1],\"text\":\"2003\"}],\"order\":5,\"text\":\"2003\"},{\"bbox\":[1242.5,611.7,1684.3,1008.5],\"lines\":[{\"bbox\":[1242.5,611.7,1673.2,658.7],\"text\":\"Benefit obligation, beginning of year\"},{\"bbox\":[1269.0,669.9,1415.7,707.9],\"text\":\"Service cost\"},{\"bbox\":[1270.6,719.7,1421.3,757.9],\"text\":\"Interest cost\"},{\"bbox\":[1272.2,762.4,1651.2,807.9],\"text\":\"Plan participants’ contributions\"},{\"bbox\":[1273.8,819.2,1438.4,857.8],\"text\":\"Actuarial loss\"},{\"bbox\":[1275.4,867.5,1493.6,907.8],\"text\":\"Plan amendments\"},{\"bbox\":[1277.0,919.3,1436.1,957.8],\"text\":\"Benefits paid\"},{\"bbox\":[1278.6,963.1,1634.3,1007.7],\"text\":\"Settlements and curtailments\"}],\"order\":6,\"text\":\"Benefit obligation, beginning of year\\nService cost\\nInterest cost\\nPlan participants’ contributions\\nActuarial loss\\nPlan amendments\\nBenefits paid\\nSettlements and curtailments\"},{\"bbox\":[2092.2,596.0,2177.4,981.6],\"lines\":[{\"bbox\":[2092.2,596.3,2155.6,631.7],\"text\":\"$977\"},{\"bbox\":[2140.8,646.3,2157.2,680.2],\"text\":\"7\"},{\"bbox\":[2126.7,696.3,2158.7,730.7],\"text\":\"52\"},{\"bbox\":[2144.0,746.3,2160.3,780.2],\"text\":\"8\"},{\"bbox\":[2129.9,796.2,2161.9,830.6],\"text\":\"37\"},{\"bbox\":[2105.1,845.9,2174.2,881.5],\"text\":\"(240)\"},{\"bbox\":[2122.4,895.9,2175.8,930.9],\"text\":\"(55)\"},{\"bbox\":[2150.4,946.2,2166.7,980.1],\"text\":\"9\"}],\"order\":7,\"text\":\"$977\\n7\\n52\\n8\\n37\\n(240)\\n(55)\\n9\"},{\"bbox\":[2218.0,592.0,2301.8,977.6],\"lines\":[{\"bbox\":[2218.0,592.4,2280.5,627.7],\"text\":\"$896\"},{\"bbox\":[2266.0,642.3,2282.1,676.2],\"text\":\"8\"},{\"bbox\":[2252.1,692.3,2283.7,726.7],\"text\":\"58\"},{\"bbox\":[2269.2,742.3,2285.3,776.2],\"text\":\"4\"},{\"bbox\":[2255.3,792.3,2286.8,826.7],\"text\":\"70\"},{\"bbox\":[2246.7,841.9,2298.6,877.0],\"text\":\"(10)\"},{\"bbox\":[2248.3,891.9,2300.2,926.9],\"text\":\"(49)\"},{\"bbox\":[2272.8,942.2,2291.6,976.2],\"text\":\"–\"}],\"order\":8,\"text\":\"$896\\n8\\n58\\n4\\n70\\n(10)\\n(49)\\n–\"},{\"bbox\":[1255.6,1026.2,1614.7,1071.0],\"lines\":[{\"bbox\":[1255.6,1026.2,1614.7,1071.0],\"text\":\"Benefit obligation, end of year\"}],\"order\":9,\"text\":\"Benefit obligation, end of year\"},{\"bbox\":[2105.3,1008.6,2168.6,1044.0],\"lines\":[{\"bbox\":[2105.3,1008.6,2168.6,1044.0],\"text\":\"$795\"}],\"order\":10,\"text\":\"$795\"},{\"bbox\":[2231.1,1004.7,2293.6,1040.0],\"lines\":[{\"bbox\":[2231.1,1004.7,2293.6,1040.0],\"text\":\"$977\"}],\"order\":11,\"text\":\"$977\"},{\"bbox\":[1260.3,1171.2,1781.1,1370.9],\"lines\":[{\"bbox\":[1260.3,1171.2,1776.3,1220.9],\"text\":\"Fair value of plan assets, beginning of year\"},{\"bbox\":[1286.9,1227.9,1564.1,1270.1],\"text\":\"Company contributions\"},{\"bbox\":[1288.5,1274.7,1667.5,1320.1],\"text\":\"Plan participants’ contributions\"},{\"bbox\":[1290.1,1331.6,1449.2,1370.1],\"text\":\"Benefits paid\"}],\"order\":12,\"text\":\"Fair value of plan assets, beginning of year\\nCompany contributions\\nPlan participants’ contributions\\nBenefits paid\"},{\"bbox\":[2100.4,1158.2,2188.9,1344.2],\"lines\":[{\"bbox\":[2100.4,1158.6,2173.4,1194.3],\"text\":\"$ 19\"},{\"bbox\":[2143.0,1208.5,2175.0,1242.9],\"text\":\"41\"},{\"bbox\":[2160.3,1258.5,2176.6,1292.4],\"text\":\"8\"},{\"bbox\":[2135.5,1308.1,2188.9,1343.2],\"text\":\"(55)\"}],\"order\":13,\"text\":\"$ 19\\n41\\n8\\n(55)\"},{\"bbox\":[2243.3,1154.3,2313.3,1339.6],\"lines\":[{\"bbox\":[2243.3,1154.6,2298.4,1189.7],\"text\":\"$ 26\"},{\"bbox\":[2268.4,1204.6,2299.9,1238.9],\"text\":\"38\"},{\"bbox\":[2285.4,1254.5,2301.5,1288.4],\"text\":\"4\"},{\"bbox\":[2261.4,1304.2,2313.3,1339.2],\"text\":\"(49)\"}],\"order\":14,\"text\":\"$ 26\\n38\\n4\\n(49)\"},{\"bbox\":[1267.1,1385.8,1711.4,1433.3],\"lines\":[{\"bbox\":[1267.1,1385.8,1711.4,1433.3],\"text\":\"Fair value of plan assets, end of year\"}],\"order\":15,\"text\":\"Fair value of plan assets, end of year\"},{\"bbox\":[2122.9,1370.9,2180.2,1406.1],\"lines\":[{\"bbox\":[2122.9,1370.9,2180.2,1406.1],\"text\":\"$ 13\"}],\"order\":16,\"text\":\"$ 13\"},{\"bbox\":[2248.6,1367.0,2305.1,1402.2],\"lines\":[{\"bbox\":[2248.6,1367.0,2305.1,1402.2],\"text\":\"$ 19\"}],\"order\":17,\"text\":\"$ 19\"},{\"bbox\":[1270.2,1483.8,1778.9,1633.2],\"lines\":[{\"bbox\":[1270.2,1483.8,1775.7,1533.3],\"text\":\"Benefit obligation in excess of plan assets\"},{\"bbox\":[1296.8,1538.5,1628.9,1582.5],\"text\":\"Unrecognized actuarial loss\"},{\"bbox\":[1298.4,1586.5,1692.9,1632.4],\"text\":\"Unrecognized prior service credit\"}],\"order\":18,\"text\":\"Benefit obligation in excess of plan assets\\nUnrecognized actuarial loss\\nUnrecognized prior service credit\"},{\"bbox\":[2110.4,1470.6,2197.2,1606.5],\"lines\":[{\"bbox\":[2110.4,1470.9,2183.3,1506.6],\"text\":\"$ 782\"},{\"bbox\":[2126.5,1520.5,2195.7,1556.1],\"text\":\"(367)\"},{\"bbox\":[2138.8,1570.8,2186.5,1605.7],\"text\":\"258\"}],\"order\":19,\"text\":\"$ 782\\n(367)\\n258\"},{\"bbox\":[2236.3,1466.6,2321.6,1602.5],\"lines\":[{\"bbox\":[2236.3,1466.9,2308.3,1502.6],\"text\":\"$ 958\"},{\"bbox\":[2252.6,1516.6,2320.0,1552.1],\"text\":\"(338)\"},{\"bbox\":[2279.9,1566.9,2311.4,1601.3],\"text\":\"36\"}],\"order\":20,\"text\":\"$ 958\\n(338)\\n36\"},{\"bbox\":[1275.4,1648.8,1700.5,1695.7],\"lines\":[{\"bbox\":[1275.4,1648.8,1700.5,1695.7],\"text\":\"Net amount recognized, end of year\"}],\"order\":21,\"text\":\"Net amount recognized, end of year\"},{\"bbox\":[2115.5,1633.3,2188.5,1669.0],\"lines\":[{\"bbox\":[2115.5,1633.3,2188.5,1669.0],\"text\":\"$ 673\"}],\"order\":22,\"text\":\"$ 673\"},{\"bbox\":[2241.4,1629.3,2313.4,1665.0],\"lines\":[{\"bbox\":[2241.4,1629.3,2313.4,1665.0],\"text\":\"$ 656\"}],\"order\":23,\"text\":\"$ 656\"},{\"bbox\":[1281.7,1849.4,1687.8,1945.6],\"lines\":[{\"bbox\":[1281.7,1851.2,1629.4,1895.6],\"text\":\"Accrued benefit cost, current\"},{\"bbox\":[1283.3,1899.3,1687.8,1945.6],\"text\":\"Accrued benefit cost, non-current\"}],\"order\":24,\"text\":\"Accrued benefit cost, current\\nAccrued benefit cost, non-current\"},{\"bbox\":[2131.5,1833.2,2196.4,1918.6],\"lines\":[{\"bbox\":[2131.5,1833.2,2194.8,1868.6],\"text\":\"$ 41\"},{\"bbox\":[2148.7,1883.2,2196.4,1918.1],\"text\":\"632\"}],\"order\":25,\"text\":\"$ 41\\n632\"},{\"bbox\":[2257.2,1829.2,2321.4,1914.6],\"lines\":[{\"bbox\":[2257.2,1829.2,2319.8,1864.6],\"text\":\"$ 45\"},{\"bbox\":[2274.3,1879.2,2321.4,1914.1],\"text\":\"611\"}],\"order\":26,\"text\":\"$ 45\\n611\"},{\"bbox\":[1285.3,1961.2,1710.4,2008.0],\"lines\":[{\"bbox\":[1285.3,1961.2,1710.4,2008.0],\"text\":\"Net amount recognized, end of year\"}],\"order\":27,\"text\":\"Net amount recognized, end of year\"},{\"bbox\":[2135.0,1945.7,2198.4,1981.1],\"lines\":[{\"bbox\":[2135.0,1945.7,2198.4,1981.1],\"text\":\"$673\"}],\"order\":28,\"text\":\"$673\"},{\"bbox\":[2260.8,1941.7,2323.3,1977.1],\"lines\":[{\"bbox\":[2260.8,1941.7,2323.3,1977.1],\"text\":\"$656\"}],\"order\":29,\"text\":\"$656\"},{\"bbox\":[2021.1,2065.0,2077.0,2096.3],\"lines\":[{\"bbox\":[2021.1,2065.0,2077.0,2096.3],\"text\":\"2004\"}],\"order\":30,\"text\":\"2004\"},{\"bbox\":[2146.8,2061.1,2201.9,2092.3],\"lines\":[{\"bbox\":[2146.8,2061.1,2201.9,2092.3],\"text\":\"2003\"}],\"order\":31,\"text\":\"2003\"},{\"bbox\":[2259.2,2057.5,2314.4,2088.7],\"lines\":[{\"bbox\":[2259.2,2057.5,2314.4,2088.7],\"text\":\"2002\"}],\"order\":32,\"text\":\"2002\"},{\"bbox\":[2026.4,2223.6,2112.3,2309.6],\"lines\":[{\"bbox\":[2026.4,2223.6,2110.8,2259.6],\"text\":\"5.75%\"},{\"bbox\":[2028.0,2273.6,2112.3,2309.6],\"text\":\"3.75%\"}],\"order\":33,\"text\":\"5.75%\\n3.75%\"},{\"bbox\":[2152.1,2216.2,2345.6,2305.6],\"lines\":[{\"bbox\":[2152.1,2216.2,2344.0,2255.6],\"text\":\"6.25% 6.75%\"},{\"bbox\":[2153.7,2266.1,2345.6,2305.6],\"text\":\"3.75% 4.00%\"}],\"order\":34,\"text\":\"6.25% 6.75%\\n3.75% 4.00%\"},{\"bbox\":[1239.1,512.5,1436.6,544.3],\"lines\":[{\"bbox\":[1239.1,512.5,1436.6,544.3],\"text\":\"(Dollars in millions)\"}],\"order\":35,\"text\":\"(Dollars in millions)\"},{\"bbox\":[1240.9,565.8,1590.1,608.3],\"lines\":[{\"bbox\":[1240.9,565.8,1590.1,608.3],\"text\":\"Change in benefit obligation:\"}],\"order\":36,\"text\":\"Change in benefit obligation:\"},{\"bbox\":[1258.8,1130.3,1533.0,1170.5],\"lines\":[{\"bbox\":[1258.8,1130.3,1533.0,1170.5],\"text\":\"Change in plan assets:\"}],\"order\":37,\"text\":\"Change in plan assets:\"},{\"bbox\":[1278.6,1740.8,2001.5,1845.1],\"lines\":[{\"bbox\":[1278.6,1740.8,1999.9,1795.2],\"text\":\"Amounts recognized in the Statements of Financial Position\"},{\"bbox\":[1305.2,1808.9,1431.5,1844.3],\"text\":\"consist of:\"}],\"order\":38,\"text\":\"Amounts recognized in the Statements of Financial Position\\nconsist of:\"},{\"bbox\":[1290.9,2131.8,1899.8,2232.4],\"lines\":[{\"bbox\":[1290.9,2131.8,1898.2,2182.5],\"text\":\"Weighted-average assumptions used to determine\"},{\"bbox\":[1317.5,2188.2,1695.0,2231.6],\"text\":\"end of year benefit obligations:\"}],\"order\":39,\"text\":\"Weighted-average assumptions used to determine\\nend of year benefit obligations:\"},{\"bbox\":[1294.0,2236.9,1698.9,2532.8],\"lines\":[{\"bbox\":[1294.0,2244.4,1455.1,2282.9],\"text\":\"Discount rate\"},{\"bbox\":[1295.6,2287.7,1666.6,2332.9],\"text\":\"Rate of compensation increase\"},{\"bbox\":[1297.2,2341.0,1563.7,2382.8],\"text\":\"Health care cost trend\"},{\"bbox\":[1323.8,2396.5,1392.8,2432.0],\"text\":\"Initial\"},{\"bbox\":[1325.4,2436.8,1697.3,2482.0],\"text\":\"Decreasing to ultimate trend of\"},{\"bbox\":[1351.9,2495.2,1434.4,2531.2],\"text\":\"In year\"}],\"order\":40,\"text\":\"Discount rate\\nRate of compensation increase\\nHealth care cost trend\\nInitial\\nDecreasing to ultimate trend of\\nIn year\"},{\"bbox\":[2023.6,2366.1,2351.9,2509.8],\"lines\":[{\"bbox\":[2031.2,2366.1,2348.8,2409.6],\"text\":\"9.00% 10.00% 10.00%\"},{\"bbox\":[2032.8,2416.1,2350.3,2459.5],\"text\":\"5.00% 5.00% 5.25%\"},{\"bbox\":[2026.8,2474.4,2090.1,2509.8],\"text\":\"2009\"},{\"bbox\":[2152.5,2466.9,2325.4,2505.8],\"text\":\"2009 2007\"}],\"order\":41,\"text\":\"9.00% 10.00% 10.00%\\n5.00% 5.00% 5.25%\\n2009\\n2009 2007\"},{\"bbox\":[2037.8,2589.8,2093.7,2621.0],\"lines\":[{\"bbox\":[2037.8,2589.8,2093.7,2621.0],\"text\":\"2004\"}],\"order\":42,\"text\":\"2004\"},{\"bbox\":[2163.4,2585.8,2218.6,2617.0],\"lines\":[{\"bbox\":[2163.4,2585.8,2218.6,2617.0],\"text\":\"2003\"}],\"order\":43,\"text\":\"2003\"},{\"bbox\":[2275.9,2582.2,2331.1,2613.4],\"lines\":[{\"bbox\":[2275.9,2582.2,2331.1,2613.4],\"text\":\"2002\"}],\"order\":44,\"text\":\"2002\"},{\"bbox\":[2043.1,2748.3,2129.0,2834.3],\"lines\":[{\"bbox\":[2043.1,2748.3,2127.4,2784.4],\"text\":\"6.25%\"},{\"bbox\":[2044.7,2798.3,2129.0,2834.3],\"text\":\"3.75%\"}],\"order\":45,\"text\":\"6.25%\\n3.75%\"},{\"bbox\":[2168.8,2740.9,2362.2,2830.4],\"lines\":[{\"bbox\":[2168.8,2740.9,2360.7,2780.4],\"text\":\"6.75% 7.25%\"},{\"bbox\":[2170.4,2790.9,2362.2,2830.4],\"text\":\"4.00% 4.00%\"}],\"order\":46,\"text\":\"6.75% 7.25%\\n4.00% 4.00%\"},{\"bbox\":[1307.6,2656.5,1916.5,2757.2],\"lines\":[{\"bbox\":[1307.6,2656.5,1914.9,2707.2],\"text\":\"Weighted-average assumptions used to determine\"},{\"bbox\":[1334.2,2714.2,1673.4,2756.4],\"text\":\"end of year net benefit cost:\"}],\"order\":47,\"text\":\"Weighted-average assumptions used to determine\\nend of year net benefit cost:\"},{\"bbox\":[1310.7,2761.6,1715.6,3057.5],\"lines\":[{\"bbox\":[1310.7,2769.1,1471.8,2807.6],\"text\":\"Discount rate\"},{\"bbox\":[1312.3,2812.4,1683.3,2857.6],\"text\":\"Rate of compensation increase\"},{\"bbox\":[1313.9,2865.7,1580.4,2907.6],\"text\":\"Health care cost trend\"},{\"bbox\":[1340.5,2921.2,1409.4,2956.8],\"text\":\"Initial\"},{\"bbox\":[1342.0,2961.5,1714.0,3006.7],\"text\":\"Decreasing to ultimate trend of\"},{\"bbox\":[1368.6,3019.9,1451.1,3055.9],\"text\":\"In year\"}],\"order\":48,\"text\":\"Discount rate\\nRate of compensation increase\\nHealth care cost trend\\nInitial\\nDecreasing to ultimate trend of\\nIn year\"},{\"bbox\":[1240.1,3186.8,1333.6,3221.2],\"lines\":[{\"bbox\":[1240.1,3186.8,1333.6,3221.2],\"text\":\"– 78 –\"}],\"order\":49,\"text\":\"– 78 –\"},{\"bbox\":[2032.2,2890.8,2368.6,3034.7],\"lines\":[{\"bbox\":[2032.2,2890.8,2365.4,2934.8],\"text\":\"10.00% 10.00% 10.00%\"},{\"bbox\":[2049.5,2940.8,2367.0,2984.3],\"text\":\"5.00% 5.25% 5.00%\"},{\"bbox\":[2043.4,2999.1,2106.8,3034.5],\"text\":\"2009\"},{\"bbox\":[2169.2,2991.6,2342.1,3030.5],\"text\":\"2007 2006\"}],\"order\":50,\"text\":\"10.00% 10.00% 10.00%\\n5.00% 5.25% 5.00%\\n2009\\n2007 2006\"}],\"doc\":\"fintabnet:EMN_2004\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Notes to Consolidated Financial Statements\\n\\nE A S T M A N C H E M I C A L C O M PA N Y A N D S U B S I D I A R I E S\\n\\nPostretirement Welfare Plans\\nEastman provides life insurance and health care benefits for eligible\\nretirees, and health care benefits for retirees’ eligible survivors. In general,\\nEastman provides those benefits to retirees eligible under the Company’s\\nU.S. pension plans. Similar benefits are also provided to retirees of\\nHolston Defense Corporation (“HDC”), a wholly-owned subsidiary of the\\nCompany that, prior to January 1, 1999, operated government-owned\\nammunitions plant. HDC’s contract with the Department of Army (“DOA”)\\nprovided for reimbursement of allowable costs incurred by HDC including\\ncertain postretirement welfare costs, for as long as HDC operated the\\nplant. After the contract was terminated at the end of 1998, the Army\\nhas not contributed further to these costs. The Company continues to\\naccrue for the costs related to HDC retirees while pursuing extraordinary\\nrelief from the DOA for reimbursement of these and other previously\\nexpensed employee benefit costs. Given the uncertain outcome of\\ndiscussions with the DOA, the Company will recognize the impact of any\\nreimbursement in the period settled.\\nA few of the Company’s non-U.S. operations have supplemental\\nhealth benefit plans for certain retirees, the cost of which is not significant\\nto the Company.\\nDuring the second quarter 2004, the Company announced an\\namendment to its health and dental benefit plans such that future health\\nand dental benefits to certain retirees will be fixed at a certain\\ncontribution amount, not to be increased. As a result, the Company\\nremeasured these plans as of June 1, 2004 resulting in a reduction of the\\nCompany’s benefit obligation by approximately $240 million. The\\ndiscount rate used at the time of the remeasurement was adjusted from\\n6.25% at December 31, 2003 to 6.50% at June 1, 2004 based on\\nincreases in interest rates. The effect of this change is reflected in the\\nresults below.\\n\\nSummary Balance Sheet\\n\\n2004\\n\\n2003\\n\\nBenefit obligation, beginning of year\\nService cost\\nInterest cost\\nPlan participants’ contributions\\nActuarial loss\\nPlan amendments\\nBenefits paid\\nSettlements and curtailments\\n\\n$977\\n7\\n52\\n8\\n37\\n(240)\\n(55)\\n9\\n\\n$896\\n8\\n58\\n4\\n70\\n(10)\\n(49)\\n–\\n\\nBenefit obligation, end of year\\n\\n$795\\n\\n$977\\n\\nFair value of plan assets, beginning of year\\nCompany contributions\\nPlan participants’ contributions\\nBenefits paid\\n\\n$ 19\\n41\\n8\\n(55)\\n\\n$ 26\\n38\\n4\\n(49)\\n\\nFair value of plan assets, end of year\\n\\n$ 13\\n\\n$ 19\\n\\nBenefit obligation in excess of plan assets\\nUnrecognized actuarial loss\\nUnrecognized prior service credit\\n\\n$ 782\\n(367)\\n258\\n\\n$ 958\\n(338)\\n36\\n\\nNet amount recognized, end of year\\n\\n$ 673\\n\\n$ 656\\n\\nAccrued benefit cost, current\\nAccrued benefit cost, non-current\\n\\n$ 41\\n632\\n\\n$ 45\\n611\\n\\nNet amount recognized, end of year\\n\\n$673\\n\\n$656\\n\\n2004\\n\\n2003\\n\\n2002\\n\\n5.75%\\n3.75%\\n\\n6.25% 6.75%\\n3.75% 4.00%\\n\\n(Dollars in millions)\\n\\nChange in benefit obligation:\\n\\nChange in plan assets:\\n\\nAmounts recognized in the Statements of Financial Position\\nconsist of:\\n\\nWeighted-average assumptions used to determine\\nend of year benefit obligations:\\n\\nDiscount rate\\nRate of compensation increase\\nHealth care cost trend\\nInitial\\nDecreasing to ultimate trend of\\nIn year\\n\\n9.00% 10.00% 10.00%\\n5.00% 5.00% 5.25%\\n2009\\n2009 2007\\n\\n2004\\n\\n2003\\n\\n2002\\n\\n6.25%\\n3.75%\\n\\n6.75% 7.25%\\n4.00% 4.00%\\n\\nWeighted-average assumptions used to determine\\nend of year net benefit cost:\\n\\nDiscount rate\\nRate of compensation increase\\nHealth care cost trend\\nInitial\\nDecreasing to ultimate trend of\\nIn year\\n\\n– 78 –\\n\\n10.00% 10.00% 10.00%\\n5.00% 5.25% 5.00%\\n2009\\n2007 2006\",\"name\":\"fintabnet.EMN_2004_page_80__300dpi_medium\",\"page_id\":\"fintabnet.EMN_2004_page_80\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.819,\"source\":\"fintabnet\",\"source_id\":\"EMN_2004_page_80\",\"stack\":[{\"deg\":1.819,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.838},{\"op\":\"jpeg\",\"q\":51}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[1305.3,2570.1,2368.7,3060.2],\"block_orders\":[42,43,44,45,46,47,48,50],\"cells\":null},{\"bbox\":[1238.6,471.2,2333.6,2010.7],\"block_orders\":[4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,35,36,37,38],\"cells\":null}],\"text\":\"Notes to Consolidated Financial Statements\\n\\nE A S T M A N C H E M I C A L C O M PA N Y A N D S U B S I D I A R I E S\\n\\nPostretirement Welfare Plans\\nEastman provides life insurance and health care benefits for eligible\\nretirees, and health care benefits for retirees’ eligible survivors. In general,\\nEastman provides those benefits to retirees eligible under the Company’s\\nU.S. pension plans. Similar benefits are also provided to retirees of\\nHolston Defense Corporation (“HDC”), a wholly-owned subsidiary of the\\nCompany that, prior to January 1, 1999, operated government-owned\\nammunitions plant. HDC’s contract with the Department of Army (“DOA”)\\nprovided for reimbursement of allowable costs incurred by HDC including\\ncertain postretirement welfare costs, for as long as HDC operated the\\nplant. After the contract was terminated at the end of 1998, the Army\\nhas not contributed further to these costs. The Company continues to\\naccrue for the costs related to HDC retirees while pursuing extraordinary\\nrelief from the DOA for reimbursement of these and other previously\\nexpensed employee benefit costs. Given the uncertain outcome of\\ndiscussions with the DOA, the Company will recognize the impact of any\\nreimbursement in the period settled.\\nA few of the Company’s non-U.S. operations have supplemental\\nhealth benefit plans for certain retirees, the cost of which is not significant\\nto the Company.\\nDuring the second quarter 2004, the Company announced an\\namendment to its health and dental benefit plans such that future health\\nand dental benefits to certain retirees will be fixed at a certain\\ncontribution amount, not to be increased. As a result, the Company\\nremeasured these plans as of June 1, 2004 resulting in a reduction of the\\nCompany’s benefit obligation by approximately $240 million. The\\ndiscount rate used at the time of the remeasurement was adjusted from\\n6.25% at December 31, 2003 to 6.50% at June 1, 2004 based on\\nincreases in interest rates. The effect of this change is reflected in the\\nresults below.\\n\\nSummary Balance Sheet\\n\\n2004\\n\\n2003\\n\\nBenefit obligation, beginning of year\\nService cost\\nInterest cost\\nPlan participants’ contributions\\nActuarial loss\\nPlan amendments\\nBenefits paid\\nSettlements and curtailments\\n\\n$977\\n7\\n52\\n8\\n37\\n(240)\\n(55)\\n9\\n\\n$896\\n8\\n58\\n4\\n70\\n(10)\\n(49)\\n–\\n\\nBenefit obligation, end of year\\n\\n$795\\n\\n$977\\n\\nFair value of plan assets, beginning of year\\nCompany contributions\\nPlan participants’ contributions\\nBenefits paid\\n\\n$ 19\\n41\\n8\\n(55)\\n\\n$ 26\\n38\\n4\\n(49)\\n\\nFair value of plan assets, end of year\\n\\n$ 13\\n\\n$ 19\\n\\nBenefit obligation in excess of plan assets\\nUnrecognized actuarial loss\\nUnrecognized prior service credit\\n\\n$ 782\\n(367)\\n258\\n\\n$ 958\\n(338)\\n36\\n\\nNet amount recognized, end of year\\n\\n$ 673\\n\\n$ 656\\n\\nAccrued benefit cost, current\\nAccrued benefit cost, non-current\\n\\n$ 41\\n632\\n\\n$ 45\\n611\\n\\nNet amount recognized, end of year\\n\\n$673\\n\\n$656\\n\\n2004\\n\\n2003\\n\\n2002\\n\\n5.75%\\n3.75%\\n\\n6.25% 6.75%\\n3.75% 4.00%\\n\\n(Dollars in millions)\\n\\nChange in benefit obligation:\\n\\nChange in plan assets:\\n\\nAmounts recognized in the Statements of Financial Position\\nconsist of:\\n\\nWeighted-average assumptions used to determine\\nend of year benefit obligations:\\n\\nDiscount rate\\nRate of compensation increase\\nHealth care cost trend\\nInitial\\nDecreasing to ultimate trend of\\nIn year\\n\\n9.00% 10.00% 10.00%\\n5.00% 5.00% 5.25%\\n2009\\n2009 2007\\n\\n2004\\n\\n2003\\n\\n2002\\n\\n6.25%\\n3.75%\\n\\n6.75% 7.25%\\n4.00% 4.00%\\n\\nWeighted-average assumptions used to determine\\nend of year net benefit cost:\\n\\nDiscount rate\\nRate of compensation increase\\nHealth care cost trend\\nInitial\\nDecreasing to ultimate trend of\\nIn year\\n\\n– 78 –\\n\\n10.00% 10.00% 10.00%\\n5.00% 5.25% 5.00%\\n2009\\n2007 2006\"},\"name\":\"fintabnet.EMN_2004_page_80__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":294867,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:EMN_2004\",\"dpi\":300,\"gt_sha256\":\"0f0f62c05650af23279d82e3ced2f29e2fe117bd5f584e2ca3202266125aed38\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.EMN_2004_page_80__300dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.EMN_2004_page_80\",\"pdf_sha256\":\"06e360d8dc8cb434dd8967cb137c1eaa8187219bf76a9739be75ad58c16b7f12\",\"px\":[2550,3300],\"scan\":{\"render\":\"000000007fc07fc07fc07fe07ee07fe27ff040e000f000c6000000e000c60000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"EMN_2004_page_80\",\"src\":{\"file_sha256\":\"cdeed3ad3e681ab0656c035c7f985041a050ccc1b2c615ccc40a8e639b9efacd\",\"render\":\"000000007fc07fc07fc07fe07ee07fe67ff040e600f000c6008c00e000ce0000\",\"text\":\"3f1418f1214ff2006d329429d73dd3e215ee36e9afd51e06c1d5cbdf1c873b83\"},\"stack\":[{\"deg\":1.819,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.838},{\"op\":\"jpeg\",\"q\":51}],\"tools\":\"21647cade0ee\"},\"sha256\":\"06e360d8dc8cb434dd8967cb137c1eaa8187219bf76a9739be75ad58c16b7f12\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/06e360d8dc8cb434dd8967cb137c1eaa8187219bf76a9739be75ad58c16b7f12.pdf","asset_sha256":"06e360d8dc8cb434dd8967cb137c1eaa8187219bf76a9739be75ad58c16b7f12","document_id":"fintabnet:EMN_2004","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"EMN_2004_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ETFC_2011_page_137\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ETFC_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[289.9,338.0,614.7,384.3],\"lines\":[{\"bbox\":[289.9,338.0,614.7,384.3],\"text\":\"Cash Flow Hedges\"}],\"order\":0,\"text\":\"Cash Flow Hedges\"},{\"bbox\":[291.9,372.0,2201.6,810.7],\"lines\":[{\"bbox\":[375.2,372.0,2191.9,458.6],\"text\":\"The effective portion of changes in fair value of the derivative instruments that hedge cash flows is reported\"},{\"bbox\":[293.3,422.0,2193.5,510.8],\"text\":\"as a component of accumulated other comprehensive loss, net of tax in the consolidated balance sheet, for both\"},{\"bbox\":[294.6,471.9,2194.9,560.7],\"text\":\"active and discontinued hedges. Amounts are included in net operating interest income as a yield adjustment in\"},{\"bbox\":[295.9,521.9,2196.0,610.7],\"text\":\"the same period the hedged forecasted transaction affects earnings. The ineffective portion of changes in fair\"},{\"bbox\":[297.3,571.9,2197.5,660.7],\"text\":\"value of the derivative instrument, which is equal to the excess of the cumulative change in the fair value of the\"},{\"bbox\":[298.6,621.9,2198.9,710.7],\"text\":\"actual derivative over the cumulative change in the fair value of a hypothetical derivative which is created to\"},{\"bbox\":[299.9,671.9,2200.2,760.7],\"text\":\"match the exact terms of the underlying instruments being hedged, is reported in the gains on loans and\"},{\"bbox\":[301.3,741.1,1478.0,810.7],\"text\":\"securities, net line item in the consolidated statement of income (loss).\"}],\"order\":1,\"text\":\"The effective portion of changes in fair value of the derivative instruments that hedge cash flows is reported\\nas a component of accumulated other comprehensive loss, net of tax in the consolidated balance sheet, for both\\nactive and discontinued hedges. Amounts are included in net operating interest income as a yield adjustment in\\nthe same period the hedged forecasted transaction affects earnings. The ineffective portion of changes in fair\\nvalue of the derivative instrument, which is equal to the excess of the cumulative change in the fair value of the\\nactual derivative over the cumulative change in the fair value of a hypothetical derivative which is created to\\nmatch the exact terms of the underlying instruments being hedged, is reported in the gains on loans and\\nsecurities, net line item in the consolidated statement of income (loss).\"},{\"bbox\":[304.0,823.9,2210.9,1162.6],\"lines\":[{\"bbox\":[387.3,823.9,2203.9,910.5],\"text\":\"If it becomes probable that a hedged forecasted transaction will not occur, amounts included in accumulated\"},{\"bbox\":[305.3,873.9,2205.5,962.7],\"text\":\"other comprehensive loss related to the specific hedging instruments would be immediately reclassified into the\"},{\"bbox\":[306.6,923.9,2206.9,1012.7],\"text\":\"gains on loans and securities, net line item in the consolidated statement of income (loss). If hedge accounting is\"},{\"bbox\":[308.0,973.8,2208.3,1062.7],\"text\":\"discontinued because a derivative instrument is sold, terminated or otherwise de-designated, amounts included in\"},{\"bbox\":[309.3,1023.8,2209.6,1112.6],\"text\":\"accumulated other comprehensive loss related to the specific hedging instrument continue to be reported in\"},{\"bbox\":[310.6,1085.7,1765.2,1162.6],\"text\":\"accumulated other comprehensive loss until the forecasted transaction affects earnings.\"}],\"order\":2,\"text\":\"If it becomes probable that a hedged forecasted transaction will not occur, amounts included in accumulated\\nother comprehensive loss related to the specific hedging instruments would be immediately reclassified into the\\ngains on loans and securities, net line item in the consolidated statement of income (loss). If hedge accounting is\\ndiscontinued because a derivative instrument is sold, terminated or otherwise de-designated, amounts included in\\naccumulated other comprehensive loss related to the specific hedging instrument continue to be reported in\\naccumulated other comprehensive loss until the forecasted transaction affects earnings.\"},{\"bbox\":[313.4,1175.8,2220.3,1514.6],\"lines\":[{\"bbox\":[396.7,1175.9,2213.4,1262.4],\"text\":\"The future issuances of liabilities, including repurchase agreements, are largely dependent on the market\"},{\"bbox\":[314.7,1225.8,2214.9,1314.6],\"text\":\"demand and liquidity in the wholesale borrowings market. As of December 31, 2011, the Company believes the\"},{\"bbox\":[316.0,1275.8,2216.3,1364.6],\"text\":\"forecasted issuance of all debt in cash flow hedge relationships is probable. However, unexpected changes in\"},{\"bbox\":[317.4,1325.8,2217.6,1414.6],\"text\":\"market conditions in future periods could impact the ability to issue this debt. The Company believes the\"},{\"bbox\":[318.7,1375.8,2219.0,1464.6],\"text\":\"forecasted issuance of debt in the form of repurchase agreements is most susceptible to an unexpected change in\"},{\"bbox\":[320.0,1468.1,631.4,1514.6],\"text\":\"market conditions.\"}],\"order\":3,\"text\":\"The future issuances of liabilities, including repurchase agreements, are largely dependent on the market\\ndemand and liquidity in the wholesale borrowings market. As of December 31, 2011, the Company believes the\\nforecasted issuance of all debt in cash flow hedge relationships is probable. However, unexpected changes in\\nmarket conditions in future periods could impact the ability to issue this debt. The Company believes the\\nforecasted issuance of debt in the form of repurchase agreements is most susceptible to an unexpected change in\\nmarket conditions.\"},{\"bbox\":[322.8,1527.8,2225.7,1716.6],\"lines\":[{\"bbox\":[406.1,1527.8,2223.0,1614.4],\"text\":\"The following table summarizes the effect of interest rate contracts designated and qualifying as hedging\"},{\"bbox\":[324.1,1577.8,2224.4,1666.6],\"text\":\"instruments in cash flow hedges on accumulated other comprehensive loss and on the consolidated statement of\"},{\"bbox\":[325.4,1662.2,936.1,1716.6],\"text\":\"income (loss) (dollars in thousands):\"}],\"order\":4,\"text\":\"The following table summarizes the effect of interest rate contracts designated and qualifying as hedging\\ninstruments in cash flow hedges on accumulated other comprehensive loss and on the consolidated statement of\\nincome (loss) (dollars in thousands):\"},{\"bbox\":[1704.2,1719.9,2193.3,1813.0],\"lines\":[{\"bbox\":[1704.2,1719.9,2192.0,1763.1],\"text\":\"For the Year Ended December 31,\"},{\"bbox\":[1721.2,1780.7,1788.6,1812.6],\"text\":\"2011\"},{\"bbox\":[1922.6,1775.3,1990.0,1807.2],\"text\":\"2010\"},{\"bbox\":[2117.1,1770.2,2184.5,1802.1],\"text\":\"2009\"}],\"order\":5,\"text\":\"For the Year Ended December 31,\\n2011\\n2010\\n2009\"},{\"bbox\":[330.8,1845.9,1627.9,2018.6],\"lines\":[{\"bbox\":[330.8,1845.9,1625.2,1918.6],\"text\":\"Gains (losses) on derivatives recognized in OCI (effective portion), net of tax\"},{\"bbox\":[332.1,1897.4,1572.2,1968.6],\"text\":\"Losses reclassified from AOCI into earnings (effective portion), net of tax\"},{\"bbox\":[333.5,1958.6,1143.7,2018.6],\"text\":\"Cash flow hedge ineffectiveness gains (losses) (1)\"}],\"order\":6,\"text\":\"Gains (losses) on derivatives recognized in OCI (effective portion), net of tax\\nLosses reclassified from AOCI into earnings (effective portion), net of tax\\nCash flow hedge ineffectiveness gains (losses) (1)\"},{\"bbox\":[335.6,2060.4,361.4,2080.9],\"lines\":[{\"bbox\":[335.6,2060.4,361.4,2080.9],\"text\":\"(1)\"}],\"order\":7,\"text\":\"(1)\"},{\"bbox\":[1671.2,1829.8,2233.8,1982.8],\"lines\":[{\"bbox\":[1671.2,1829.8,2231.2,1882.8],\"text\":\"$(216,302) $(77,724) $101,886\"},{\"bbox\":[1672.5,1879.8,2232.5,1932.8],\"text\":\"$ 66,847 $ 47,774 $ 37,055\"},{\"bbox\":[1673.8,1944.1,1695.7,1982.8],\"text\":\"$\"},{\"bbox\":[1767.5,1933.4,2098.4,1980.3],\"text\":\"(491) $ (265) $\"},{\"bbox\":[2170.3,1929.7,2233.8,1969.6],\"text\":\"579\"}],\"order\":8,\"text\":\"$(216,302) $(77,724) $101,886\\n$ 66,847 $ 47,774 $ 37,055\\n$\\n(491) $ (265) $\\n579\"},{\"bbox\":[402.3,2010.5,2237.3,2131.6],\"lines\":[{\"bbox\":[402.3,2010.5,2236.2,2090.0],\"text\":\"The cash flow hedge ineffectiveness is reflected in the gains on loans and securities, net line item on the statement of consolidated\"},{\"bbox\":[403.4,2096.1,592.8,2131.6],\"text\":\"income (loss).\"}],\"order\":9,\"text\":\"The cash flow hedge ineffectiveness is reflected in the gains on loans and securities, net line item on the statement of consolidated\\nincome (loss).\"},{\"bbox\":[339.3,2148.4,2243.5,2387.2],\"lines\":[{\"bbox\":[422.6,2148.4,2239.1,2235.0],\"text\":\"During the upcoming twelve months, the Company expects to include a pre-tax amount of approximately\"},{\"bbox\":[340.6,2198.4,2240.9,2287.2],\"text\":\"$66.8 million of net unrealized losses that are currently reflected in accumulated other comprehensive loss in net\"},{\"bbox\":[342.0,2248.4,2242.0,2337.2],\"text\":\"operating interest income as a yield adjustment in the same periods in which the related items affect earnings.\"},{\"bbox\":[343.3,2314.7,1631.6,2387.2],\"text\":\"The maximum length of time over which transactions are hedged is 11 years.\"}],\"order\":10,\"text\":\"During the upcoming twelve months, the Company expects to include a pre-tax amount of approximately\\n$66.8 million of net unrealized losses that are currently reflected in accumulated other comprehensive loss in net\\noperating interest income as a yield adjustment in the same periods in which the related items affect earnings.\\nThe maximum length of time over which transactions are hedged is 11 years.\"},{\"bbox\":[346.0,2400.4,2247.7,2539.2],\"lines\":[{\"bbox\":[429.3,2400.4,2246.3,2487.0],\"text\":\"The following table shows the balance in accumulated other comprehensive loss attributable to active and\"},{\"bbox\":[347.4,2477.2,1242.7,2539.2],\"text\":\"discontinued cash flow hedges (dollars in thousands):\"}],\"order\":11,\"text\":\"The following table shows the balance in accumulated other comprehensive loss attributable to active and\\ndiscontinued cash flow hedges (dollars in thousands):\"},{\"bbox\":[1814.7,2545.2,2116.1,2633.3],\"lines\":[{\"bbox\":[1867.2,2546.6,2062.3,2581.9],\"text\":\"December 31,\"},{\"bbox\":[1816.0,2601.4,1883.5,2633.3],\"text\":\"2011\"},{\"bbox\":[2048.7,2595.2,2116.1,2627.1],\"text\":\"2010\"}],\"order\":12,\"text\":\"December 31,\\n2011\\n2010\"},{\"bbox\":[436.1,2669.7,1609.2,2839.0],\"lines\":[{\"bbox\":[436.1,2669.7,1606.5,2739.0],\"text\":\"Accumulated other comprehensive loss balance (net of tax) related to:\"},{\"bbox\":[520.7,2734.7,1041.6,2786.8],\"text\":\"Discontinued cash flow hedges\"},{\"bbox\":[522.0,2787.7,931.7,2836.7],\"text\":\"Active cash flow hedges\"}],\"order\":13,\"text\":\"Accumulated other comprehensive loss balance (net of tax) related to:\\nDiscontinued cash flow hedges\\nActive cash flow hedges\"},{\"bbox\":[607.1,2852.7,993.7,2901.2],\"lines\":[{\"bbox\":[607.1,2852.7,993.7,2901.2],\"text\":\"Total cash flow hedges\"}],\"order\":14,\"text\":\"Total cash flow hedges\"},{\"bbox\":[1279.0,2969.5,1342.5,3009.3],\"lines\":[{\"bbox\":[1279.0,2969.5,1342.5,3009.3],\"text\":\"134\"}],\"order\":15,\"text\":\"134\"},{\"bbox\":[1767.3,2710.4,1953.6,2803.5],\"lines\":[{\"bbox\":[1767.3,2710.4,1952.3,2753.5],\"text\":\"$(279,091)\"},{\"bbox\":[1789.5,2760.4,1953.6,2802.9],\"text\":\"(178,862)\"}],\"order\":16,\"text\":\"$(279,091)\\n(178,862)\"},{\"bbox\":[2000.0,2704.2,2186.3,2797.3],\"lines\":[{\"bbox\":[2000.0,2704.2,2184.9,2747.3],\"text\":\"$(271,595)\"},{\"bbox\":[2042.9,2754.2,2186.2,2796.2],\"text\":\"(36,903)\"}],\"order\":17,\"text\":\"$(271,595)\\n(36,903)\"},{\"bbox\":[1770.4,2827.1,1955.4,2870.1],\"lines\":[{\"bbox\":[1770.4,2827.1,1955.4,2870.1],\"text\":\"$(457,953)\"}],\"order\":18,\"text\":\"$(457,953)\"},{\"bbox\":[2003.1,2820.9,2188.0,2863.9],\"lines\":[{\"bbox\":[2003.1,2820.9,2188.0,2863.9],\"text\":\"$(308,498)\"}],\"order\":19,\"text\":\"$(308,498)\"}],\"doc\":\"fintabnet:ETFC_2011\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Cash Flow Hedges\\n\\nThe effective portion of changes in fair value of the derivative instruments that hedge cash flows is reported\\nas a component of accumulated other comprehensive loss, net of tax in the consolidated balance sheet, for both\\nactive and discontinued hedges. Amounts are included in net operating interest income as a yield adjustment in\\nthe same period the hedged forecasted transaction affects earnings. The ineffective portion of changes in fair\\nvalue of the derivative instrument, which is equal to the excess of the cumulative change in the fair value of the\\nactual derivative over the cumulative change in the fair value of a hypothetical derivative which is created to\\nmatch the exact terms of the underlying instruments being hedged, is reported in the gains on loans and\\nsecurities, net line item in the consolidated statement of income (loss).\\n\\nIf it becomes probable that a hedged forecasted transaction will not occur, amounts included in accumulated\\nother comprehensive loss related to the specific hedging instruments would be immediately reclassified into the\\ngains on loans and securities, net line item in the consolidated statement of income (loss). If hedge accounting is\\ndiscontinued because a derivative instrument is sold, terminated or otherwise de-designated, amounts included in\\naccumulated other comprehensive loss related to the specific hedging instrument continue to be reported in\\naccumulated other comprehensive loss until the forecasted transaction affects earnings.\\n\\nThe future issuances of liabilities, including repurchase agreements, are largely dependent on the market\\ndemand and liquidity in the wholesale borrowings market. As of December 31, 2011, the Company believes the\\nforecasted issuance of all debt in cash flow hedge relationships is probable. However, unexpected changes in\\nmarket conditions in future periods could impact the ability to issue this debt. The Company believes the\\nforecasted issuance of debt in the form of repurchase agreements is most susceptible to an unexpected change in\\nmarket conditions.\\n\\nThe following table summarizes the effect of interest rate contracts designated and qualifying as hedging\\ninstruments in cash flow hedges on accumulated other comprehensive loss and on the consolidated statement of\\nincome (loss) (dollars in thousands):\\n\\nFor the Year Ended December 31,\\n2011\\n2010\\n2009\\n\\nGains (losses) on derivatives recognized in OCI (effective portion), net of tax\\nLosses reclassified from AOCI into earnings (effective portion), net of tax\\nCash flow hedge ineffectiveness gains (losses) (1)\\n\\n(1)\\n\\n$(216,302) $(77,724) $101,886\\n$ 66,847 $ 47,774 $ 37,055\\n$\\n(491) $ (265) $\\n579\\n\\nThe cash flow hedge ineffectiveness is reflected in the gains on loans and securities, net line item on the statement of consolidated\\nincome (loss).\\n\\nDuring the upcoming twelve months, the Company expects to include a pre-tax amount of approximately\\n$66.8 million of net unrealized losses that are currently reflected in accumulated other comprehensive loss in net\\noperating interest income as a yield adjustment in the same periods in which the related items affect earnings.\\nThe maximum length of time over which transactions are hedged is 11 years.\\n\\nThe following table shows the balance in accumulated other comprehensive loss attributable to active and\\ndiscontinued cash flow hedges (dollars in thousands):\\n\\nDecember 31,\\n2011\\n2010\\n\\nAccumulated other comprehensive loss balance (net of tax) related to:\\nDiscontinued cash flow hedges\\nActive cash flow hedges\\n\\nTotal cash flow hedges\\n\\n134\\n\\n$(279,091)\\n(178,862)\\n\\n$(271,595)\\n(36,903)\\n\\n$(457,953)\\n\\n$(308,498)\",\"name\":\"fintabnet.ETFC_2011_page_137__300dpi_medium\",\"page_id\":\"fintabnet.ETFC_2011_page_137\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.528,\"source\":\"fintabnet\",\"source_id\":\"ETFC_2011_page_137\",\"stack\":[{\"deg\":1.528,\"op\":\"skew\"},{\"amp\":0.149,\"angle\":8.8,\"blob\":0.378,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.949},{\"op\":\"noise\",\"sigma\":6.484},{\"offset\":-0.004,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[327.6,1711.3,2233.8,2018.6],\"block_orders\":[5,6,8],\"cells\":null},{\"bbox\":[432.9,2535.8,2188.0,2905.7],\"block_orders\":[12,13,14,16,17,18,19],\"cells\":null}],\"text\":\"Cash Flow Hedges\\n\\nThe effective portion of changes in fair value of the derivative instruments that hedge cash flows is reported\\nas a component of accumulated other comprehensive loss, net of tax in the consolidated balance sheet, for both\\nactive and discontinued hedges. Amounts are included in net operating interest income as a yield adjustment in\\nthe same period the hedged forecasted transaction affects earnings. The ineffective portion of changes in fair\\nvalue of the derivative instrument, which is equal to the excess of the cumulative change in the fair value of the\\nactual derivative over the cumulative change in the fair value of a hypothetical derivative which is created to\\nmatch the exact terms of the underlying instruments being hedged, is reported in the gains on loans and\\nsecurities, net line item in the consolidated statement of income (loss).\\n\\nIf it becomes probable that a hedged forecasted transaction will not occur, amounts included in accumulated\\nother comprehensive loss related to the specific hedging instruments would be immediately reclassified into the\\ngains on loans and securities, net line item in the consolidated statement of income (loss). If hedge accounting is\\ndiscontinued because a derivative instrument is sold, terminated or otherwise de-designated, amounts included in\\naccumulated other comprehensive loss related to the specific hedging instrument continue to be reported in\\naccumulated other comprehensive loss until the forecasted transaction affects earnings.\\n\\nThe future issuances of liabilities, including repurchase agreements, are largely dependent on the market\\ndemand and liquidity in the wholesale borrowings market. As of December 31, 2011, the Company believes the\\nforecasted issuance of all debt in cash flow hedge relationships is probable. However, unexpected changes in\\nmarket conditions in future periods could impact the ability to issue this debt. The Company believes the\\nforecasted issuance of debt in the form of repurchase agreements is most susceptible to an unexpected change in\\nmarket conditions.\\n\\nThe following table summarizes the effect of interest rate contracts designated and qualifying as hedging\\ninstruments in cash flow hedges on accumulated other comprehensive loss and on the consolidated statement of\\nincome (loss) (dollars in thousands):\\n\\nFor the Year Ended December 31,\\n2011\\n2010\\n2009\\n\\nGains (losses) on derivatives recognized in OCI (effective portion), net of tax\\nLosses reclassified from AOCI into earnings (effective portion), net of tax\\nCash flow hedge ineffectiveness gains (losses) (1)\\n\\n(1)\\n\\n$(216,302) $(77,724) $101,886\\n$ 66,847 $ 47,774 $ 37,055\\n$\\n(491) $ (265) $\\n579\\n\\nThe cash flow hedge ineffectiveness is reflected in the gains on loans and securities, net line item on the statement of consolidated\\nincome (loss).\\n\\nDuring the upcoming twelve months, the Company expects to include a pre-tax amount of approximately\\n$66.8 million of net unrealized losses that are currently reflected in accumulated other comprehensive loss in net\\noperating interest income as a yield adjustment in the same periods in which the related items affect earnings.\\nThe maximum length of time over which transactions are hedged is 11 years.\\n\\nThe following table shows the balance in accumulated other comprehensive loss attributable to active and\\ndiscontinued cash flow hedges (dollars in thousands):\\n\\nDecember 31,\\n2011\\n2010\\n\\nAccumulated other comprehensive loss balance (net of tax) related to:\\nDiscontinued cash flow hedges\\nActive cash flow hedges\\n\\nTotal cash flow hedges\\n\\n134\\n\\n$(279,091)\\n(178,862)\\n\\n$(271,595)\\n(36,903)\\n\\n$(457,953)\\n\\n$(308,498)\"},\"name\":\"fintabnet.ETFC_2011_page_137__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":78636,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:ETFC_2011\",\"dpi\":300,\"gt_sha256\":\"629e62530ed3e9bf23f083f38e4a429ab4b0d08fe7fb5b9931cbbfc3a9648a54\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ETFC_2011_page_137__300dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.ETFC_2011_page_137\",\"pdf_sha256\":\"b57df5dcd68253f236fa48d45af8c5d3f66dfacec6e0c4a5119bbcdab05fc41e\",\"px\":[2550,3300],\"scan\":{\"render\":\"000000003ffc3ffc3ffc3ffc3ffc3ffc001c3ffc1ffc3ffc00181e1c00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"ETFC_2011_page_137\",\"src\":{\"file_sha256\":\"747a4d3831d548bc71e60052a83823a7ae24c55a54408862497f8e8d27e2b80c\",\"render\":\"000010003ffc3ffc3ffc3ffc3ffc3ffc003c3ffc3ffc3ffc00181c1c00100000\",\"text\":\"8d1374e2f6fba46b554049ec8f50e333d1ad6f3099bd6883ed8bc0d32699a9c7\"},\"stack\":[{\"deg\":1.528,\"op\":\"skew\"},{\"amp\":0.149,\"angle\":8.8,\"blob\":0.378,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.949},{\"op\":\"noise\",\"sigma\":6.484},{\"offset\":-0.004,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b57df5dcd68253f236fa48d45af8c5d3f66dfacec6e0c4a5119bbcdab05fc41e\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b57df5dcd68253f236fa48d45af8c5d3f66dfacec6e0c4a5119bbcdab05fc41e.pdf","asset_sha256":"b57df5dcd68253f236fa48d45af8c5d3f66dfacec6e0c4a5119bbcdab05fc41e","document_id":"fintabnet:ETFC_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ETFC_2011_page_137\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ETFC_2011_page_142\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ETFC_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[78.0,77.0,533.9,110.2],\"lines\":[{\"bbox\":[98.0,77.0,533.9,86.2],\"text\":\"As of December 31, 2011 and 2010, the Company had $89.2 million and $67.7 million in non-interest\"},{\"bbox\":[78.0,89.0,533.9,98.2],\"text\":\"bearing deposits. The Company sold approximately $1 billion of savings accounts to Discover Financial Services\"},{\"bbox\":[78.0,101.0,248.7,110.2],\"text\":\"during the year ended December 31, 2010.\"}],\"order\":0,\"text\":\"As of December 31, 2011 and 2010, the Company had $89.2 million and $67.7 million in non-interest\\nbearing deposits. The Company sold approximately $1 billion of savings accounts to Discover Financial Services\\nduring the year ended December 31, 2010.\"},{\"bbox\":[78.0,125.0,533.9,146.2],\"lines\":[{\"bbox\":[98.0,125.0,533.9,134.2],\"text\":\"At December 31, 2011, scheduled maturities of certificates of deposit and brokered certificates of deposit\"},{\"bbox\":[78.0,137.0,232.9,146.2],\"text\":\"were as follows (dollars in thousands):\"}],\"order\":1,\"text\":\"At December 31, 2011, scheduled maturities of certificates of deposit and brokered certificates of deposit\\nwere as follows (dollars in thousands):\"},{\"bbox\":[138.0,161.0,249.8,242.2],\"lines\":[{\"bbox\":[138.0,161.0,249.8,170.2],\"text\":\"Years ending December 31,\"},{\"bbox\":[138.0,173.0,158.0,182.2],\"text\":\"2012\"},{\"bbox\":[138.0,185.0,158.0,194.2],\"text\":\"2013\"},{\"bbox\":[138.0,197.0,158.0,206.2],\"text\":\"2014\"},{\"bbox\":[138.0,209.0,158.0,218.2],\"text\":\"2015\"},{\"bbox\":[138.0,221.0,158.0,230.2],\"text\":\"2016\"},{\"bbox\":[138.0,233.0,179.6,242.2],\"text\":\"Thereafter\"}],\"order\":2,\"text\":\"Years ending December 31,\\n2012\\n2013\\n2014\\n2015\\n2016\\nThereafter\"},{\"bbox\":[436.5,173.0,474.0,242.2],\"lines\":[{\"bbox\":[436.5,173.0,474.0,182.2],\"text\":\"$140,375\"},{\"bbox\":[446.5,185.0,474.0,194.2],\"text\":\"29,706\"},{\"bbox\":[446.5,197.0,474.0,206.2],\"text\":\"12,113\"},{\"bbox\":[446.5,209.0,474.0,218.2],\"text\":\"16,836\"},{\"bbox\":[451.5,221.0,474.0,230.2],\"text\":\"5,471\"},{\"bbox\":[446.5,233.0,474.0,242.2],\"text\":\"20,328\"}],\"order\":3,\"text\":\"$140,375\\n29,706\\n12,113\\n16,836\\n5,471\\n20,328\"},{\"bbox\":[138.0,249.0,244.0,270.2],\"lines\":[{\"bbox\":[138.0,249.0,171.3,258.2],\"text\":\"Subtotal\"},{\"bbox\":[138.0,261.0,244.0,270.2],\"text\":\"Unamortized discount, net\"}],\"order\":4,\"text\":\"Subtotal\\nUnamortized discount, net\"},{\"bbox\":[441.5,249.0,477.3,270.2],\"lines\":[{\"bbox\":[441.5,249.0,474.0,258.2],\"text\":\"224,829\"},{\"bbox\":[448.2,261.0,477.3,270.2],\"text\":\"(1,120)\"}],\"order\":5,\"text\":\"224,829\\n(1,120)\"},{\"bbox\":[138.0,277.0,391.8,286.2],\"lines\":[{\"bbox\":[138.0,277.0,391.8,286.2],\"text\":\"Total certificates of deposit and brokered certificates of deposit\"}],\"order\":6,\"text\":\"Total certificates of deposit and brokered certificates of deposit\"},{\"bbox\":[436.5,277.0,474.0,286.2],\"lines\":[{\"bbox\":[436.5,277.0,474.0,286.2],\"text\":\"$223,709\"}],\"order\":7,\"text\":\"$223,709\"},{\"bbox\":[78.0,307.0,534.0,340.2],\"lines\":[{\"bbox\":[98.0,307.0,534.0,316.2],\"text\":\"Scheduled maturities of certificates of deposit with denominations greater than or equal to $100,000, and\"},{\"bbox\":[78.0,319.0,534.0,328.2],\"text\":\"greater than or equal to $250,000, which is the FDIC deposit insurance coverage limit, were as follows (dollars in\"},{\"bbox\":[78.0,331.0,124.1,340.2],\"text\":\"thousands):\"}],\"order\":8,\"text\":\"Scheduled maturities of certificates of deposit with denominations greater than or equal to $100,000, and\\ngreater than or equal to $250,000, which is the FDIC deposit insurance coverage limit, were as follows (dollars in\\nthousands):\"},{\"bbox\":[392.2,352.4,450.8,383.6],\"lines\":[{\"bbox\":[400.9,352.4,442.1,359.6],\"text\":\">= $100,000\"},{\"bbox\":[398.1,364.4,444.8,371.6],\"text\":\"December 31,\"},{\"bbox\":[392.2,376.4,408.2,383.6],\"text\":\"2011\"},{\"bbox\":[434.8,376.4,450.8,383.6],\"text\":\"2010\"}],\"order\":9,\"text\":\">= $100,000\\nDecember 31,\\n2011\\n2010\"},{\"bbox\":[474.8,352.4,528.2,383.6],\"lines\":[{\"bbox\":[480.9,352.4,522.0,359.6],\"text\":\">= $250,000\"},{\"bbox\":[478.1,364.4,524.8,371.6],\"text\":\"December 31,\"},{\"bbox\":[474.8,376.4,490.8,383.6],\"text\":\"2011\"},{\"bbox\":[512.2,376.4,528.2,383.6],\"text\":\"2010\"}],\"order\":10,\"text\":\">= $250,000\\nDecember 31,\\n2011\\n2010\"},{\"bbox\":[78.0,391.0,186.2,436.2],\"lines\":[{\"bbox\":[78.0,391.0,161.7,400.2],\"text\":\"Three months or less\"},{\"bbox\":[78.0,403.0,181.2,412.2],\"text\":\"Three through six months\"},{\"bbox\":[78.0,415.0,186.2,424.2],\"text\":\"Six through twelve months\"},{\"bbox\":[78.0,427.0,159.2,436.2],\"text\":\"Over twelve months\"}],\"order\":11,\"text\":\"Three months or less\\nThree through six months\\nSix through twelve months\\nOver twelve months\"},{\"bbox\":[384.0,391.0,389.0,400.2],\"lines\":[{\"bbox\":[384.0,391.0,389.0,400.2],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[389.0,391.0,416.5,436.2],\"lines\":[{\"bbox\":[401.5,391.0,411.5,400.2],\"text\":\"—\"},{\"bbox\":[394.0,403.0,416.5,412.2],\"text\":\"4,490\"},{\"bbox\":[389.0,415.0,416.5,424.2],\"text\":\"22,683\"},{\"bbox\":[394.0,427.0,416.5,436.2],\"text\":\"9,702\"}],\"order\":13,\"text\":\"—\\n4,490\\n22,683\\n9,702\"},{\"bbox\":[426.5,391.0,459.0,436.2],\"lines\":[{\"bbox\":[426.5,391.0,454.0,400.2],\"text\":\"$ —\"},{\"bbox\":[431.5,403.0,459.0,412.2],\"text\":\"19,309\"},{\"bbox\":[431.5,415.0,459.0,424.2],\"text\":\"30,007\"},{\"bbox\":[431.5,427.0,459.0,436.2],\"text\":\"28,584\"}],\"order\":14,\"text\":\"$ —\\n19,309\\n30,007\\n28,584\"},{\"bbox\":[469.0,391.0,496.5,436.2],\"lines\":[{\"bbox\":[469.0,391.0,491.5,400.2],\"text\":\"$ —\"},{\"bbox\":[481.5,403.0,491.5,412.2],\"text\":\"—\"},{\"bbox\":[474.0,415.0,496.5,424.2],\"text\":\"2,105\"},{\"bbox\":[474.0,427.0,496.5,436.2],\"text\":\"1,450\"}],\"order\":15,\"text\":\"$ —\\n—\\n2,105\\n1,450\"},{\"bbox\":[506.5,391.0,534.0,436.2],\"lines\":[{\"bbox\":[506.5,391.0,529.0,400.2],\"text\":\"$ —\"},{\"bbox\":[511.5,403.0,534.0,412.2],\"text\":\"1,991\"},{\"bbox\":[511.5,415.0,534.0,424.2],\"text\":\"2,540\"},{\"bbox\":[511.5,427.0,534.0,436.2],\"text\":\"2,419\"}],\"order\":16,\"text\":\"$ —\\n1,991\\n2,540\\n2,419\"},{\"bbox\":[78.0,443.0,187.9,452.2],\"lines\":[{\"bbox\":[78.0,443.0,187.9,452.2],\"text\":\"Total certificates of deposit\"}],\"order\":17,\"text\":\"Total certificates of deposit\"},{\"bbox\":[384.0,443.0,416.5,452.2],\"lines\":[{\"bbox\":[384.0,443.0,416.5,452.2],\"text\":\"$36,875\"}],\"order\":18,\"text\":\"$36,875\"},{\"bbox\":[426.5,443.0,459.0,452.2],\"lines\":[{\"bbox\":[426.5,443.0,459.0,452.2],\"text\":\"$77,900\"}],\"order\":19,\"text\":\"$77,900\"},{\"bbox\":[469.0,443.0,496.5,452.2],\"lines\":[{\"bbox\":[469.0,443.0,496.5,452.2],\"text\":\"$3,555\"}],\"order\":20,\"text\":\"$3,555\"},{\"bbox\":[506.5,443.0,534.0,452.2],\"lines\":[{\"bbox\":[506.5,443.0,534.0,452.2],\"text\":\"$6,950\"}],\"order\":21,\"text\":\"$6,950\"},{\"bbox\":[298.5,713.0,313.5,722.2],\"lines\":[{\"bbox\":[298.5,713.0,313.5,722.2],\"text\":\"139\"}],\"order\":22,\"text\":\"139\"}],\"doc\":\"fintabnet:ETFC_2011\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"As of December 31, 2011 and 2010, the Company had $89.2 million and $67.7 million in non-interest\\nbearing deposits. The Company sold approximately $1 billion of savings accounts to Discover Financial Services\\nduring the year ended December 31, 2010.\\n\\nAt December 31, 2011, scheduled maturities of certificates of deposit and brokered certificates of deposit\\nwere as follows (dollars in thousands):\\n\\nYears ending December 31,\\n2012\\n2013\\n2014\\n2015\\n2016\\nThereafter\\n\\n$140,375\\n29,706\\n12,113\\n16,836\\n5,471\\n20,328\\n\\nSubtotal\\nUnamortized discount, net\\n\\n224,829\\n(1,120)\\n\\nTotal certificates of deposit and brokered certificates of deposit\\n\\n$223,709\\n\\nScheduled maturities of certificates of deposit with denominations greater than or equal to $100,000, and\\ngreater than or equal to $250,000, which is the FDIC deposit insurance coverage limit, were as follows (dollars in\\nthousands):\\n\\n>= $100,000\\nDecember 31,\\n2011\\n2010\\n\\n>= $250,000\\nDecember 31,\\n2011\\n2010\\n\\nThree months or less\\nThree through six months\\nSix through twelve months\\nOver twelve months\\n\\n$\\n\\n—\\n4,490\\n22,683\\n9,702\\n\\n$ —\\n19,309\\n30,007\\n28,584\\n\\n$ —\\n—\\n2,105\\n1,450\\n\\n$ —\\n1,991\\n2,540\\n2,419\\n\\nTotal certificates of deposit\\n\\n$36,875\\n\\n$77,900\\n\\n$3,555\\n\\n$6,950\\n\\n139\",\"name\":\"fintabnet.ETFC_2011_page_142__72dpi_none\",\"page_id\":\"fintabnet.ETFC_2011_page_142\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"ETFC_2011_page_142\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[138.0,171.0,477.3,286.2],\"block_orders\":[2,3,4,5,6,7],\"cells\":null},{\"bbox\":[78.0,350.5,534.0,452.2],\"block_orders\":[9,10,11,12,13,14,15,16,17,18,19,20,21],\"cells\":null}],\"text\":\"As of December 31, 2011 and 2010, the Company had $89.2 million and $67.7 million in non-interest\\nbearing deposits. The Company sold approximately $1 billion of savings accounts to Discover Financial Services\\nduring the year ended December 31, 2010.\\n\\nAt December 31, 2011, scheduled maturities of certificates of deposit and brokered certificates of deposit\\nwere as follows (dollars in thousands):\\n\\nYears ending December 31,\\n2012\\n2013\\n2014\\n2015\\n2016\\nThereafter\\n\\n$140,375\\n29,706\\n12,113\\n16,836\\n5,471\\n20,328\\n\\nSubtotal\\nUnamortized discount, net\\n\\n224,829\\n(1,120)\\n\\nTotal certificates of deposit and brokered certificates of deposit\\n\\n$223,709\\n\\nScheduled maturities of certificates of deposit with denominations greater than or equal to $100,000, and\\ngreater than or equal to $250,000, which is the FDIC deposit insurance coverage limit, were as follows (dollars in\\nthousands):\\n\\n>= $100,000\\nDecember 31,\\n2011\\n2010\\n\\n>= $250,000\\nDecember 31,\\n2011\\n2010\\n\\nThree months or less\\nThree through six months\\nSix through twelve months\\nOver twelve months\\n\\n$\\n\\n—\\n4,490\\n22,683\\n9,702\\n\\n$ —\\n19,309\\n30,007\\n28,584\\n\\n$ —\\n—\\n2,105\\n1,450\\n\\n$ —\\n1,991\\n2,540\\n2,419\\n\\nTotal certificates of deposit\\n\\n$36,875\\n\\n$77,900\\n\\n$3,555\\n\\n$6,950\\n\\n139\"},\"name\":\"fintabnet.ETFC_2011_page_142__72dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":20272,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:ETFC_2011\",\"dpi\":72,\"gt_sha256\":\"dc963f47e7bc43f9c99969c8b5f44e1c5072f48a31b7e5b39cc3bc8b2d419568\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ETFC_2011_page_142__72dpi_none\",\"page\":1,\"page_id\":\"fintabnet.ETFC_2011_page_142\",\"pdf_sha256\":\"006181863753d99268517e6a5b3f0de1ea7ae0a5f585900cd291c80b32a61673\",\"px\":[612,792],\"scan\":{\"render\":\"00003ffc3ffc1c1818181fd83ffc003c383c383c000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"ETFC_2011_page_142\",\"src\":{\"file_sha256\":\"9ea7f83ab842e0bf5787fda80788dcc56cb28cf50f173082400e8ddf956a6013\",\"render\":\"00003ffc3ffc1c1818181fd83ffc003c383c003c000000000000000000000000\",\"text\":\"2a71e6e08d17e4fe1d2ef26760b06328f652762496dd27eea14a6b404e9d6d2a\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"006181863753d99268517e6a5b3f0de1ea7ae0a5f585900cd291c80b32a61673\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/006181863753d99268517e6a5b3f0de1ea7ae0a5f585900cd291c80b32a61673.pdf","asset_sha256":"006181863753d99268517e6a5b3f0de1ea7ae0a5f585900cd291c80b32a61673","document_id":"fintabnet:ETFC_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ETFC_2011_page_142\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ETFC_2011_page_30\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ETFC_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[157.8,159.8,723.7,182.6],\"lines\":[{\"bbox\":[157.8,159.8,723.7,182.6],\"text\":\"ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA\"}],\"order\":0,\"text\":\"ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA\"},{\"bbox\":[199.8,209.4,770.9,232.6],\"lines\":[{\"bbox\":[199.8,209.4,770.9,232.6],\"text\":\"(Dollars in millions, shares in thousands, except per share amounts):\"}],\"order\":1,\"text\":\"(Dollars in millions, shares in thousands, except per share amounts):\"},{\"bbox\":[640.6,253.3,871.3,295.0],\"lines\":[{\"bbox\":[661.9,253.5,849.1,269.9],\"text\":\"Year Ended December 31,\"},{\"bbox\":[640.8,279.7,674.2,295.0],\"text\":\"2010\"},{\"bbox\":[740.6,279.0,774.0,294.3],\"text\":\"2009\"},{\"bbox\":[837.9,278.3,871.3,293.6],\"text\":\"2008\"}],\"order\":2,\"text\":\"Year Ended December 31,\\n2010\\n2009\\n2008\"},{\"bbox\":[541.8,280.4,575.3,295.7],\"lines\":[{\"bbox\":[541.8,280.4,575.3,295.7],\"text\":\"2011\"}],\"order\":3,\"text\":\"2011\"},{\"bbox\":[158.8,311.4,489.4,757.9],\"lines\":[{\"bbox\":[158.8,312.2,367.2,332.6],\"text\":\"Results of Operations: (1)\"},{\"bbox\":[200.7,336.7,448.3,357.6],\"text\":\"Net operating interest income\"},{\"bbox\":[200.9,362.5,346.9,382.6],\"text\":\"Total net revenue\"},{\"bbox\":[201.0,387.0,406.9,407.6],\"text\":\"Provision for loan losses\"},{\"bbox\":[201.2,411.7,455.8,432.6],\"text\":\"Income (loss) from continuing\"},{\"bbox\":[222.2,437.7,309.2,457.4],\"text\":\"operations\"},{\"bbox\":[201.6,462.5,350.0,482.6],\"text\":\"Net income (loss)\"},{\"bbox\":[201.8,486.7,456.9,507.6],\"text\":\"Basic earnings (loss) per share\"},{\"bbox\":[222.8,511.7,450.0,532.4],\"text\":\"from continuing operations\"},{\"bbox\":[202.1,536.6,473.5,557.6],\"text\":\"Diluted earnings (loss) per share\"},{\"bbox\":[223.1,561.7,450.4,582.4],\"text\":\"from continuing operations\"},{\"bbox\":[202.5,586.5,488.3,607.6],\"text\":\"Basic net earnings (loss) per share\"},{\"bbox\":[202.6,611.7,455.5,632.6],\"text\":\"Diluted net earnings (loss) per\"},{\"bbox\":[223.7,638.0,267.8,657.4],\"text\":\"share\"},{\"bbox\":[244.7,661.6,474.2,682.3],\"text\":\"Weighted average shares—\"},{\"bbox\":[265.7,687.8,308.6,707.1],\"text\":\"basic\"},{\"bbox\":[245.0,711.6,474.5,732.3],\"text\":\"Weighted average shares—\"},{\"bbox\":[266.0,737.6,324.0,757.1],\"text\":\"diluted\"}],\"order\":4,\"text\":\"Results of Operations: (1)\\nNet operating interest income\\nTotal net revenue\\nProvision for loan losses\\nIncome (loss) from continuing\\noperations\\nNet income (loss)\\nBasic earnings (loss) per share\\nfrom continuing operations\\nDiluted earnings (loss) per share\\nfrom continuing operations\\nBasic net earnings (loss) per share\\nDiluted net earnings (loss) per\\nshare\\nWeighted average shares—\\nbasic\\nWeighted average shares—\\ndiluted\"},{\"bbox\":[162.2,779.2,170.6,794.5],\"lines\":[{\"bbox\":[162.2,779.2,170.6,794.5],\"text\":\"*\"}],\"order\":5,\"text\":\"*\"},{\"bbox\":[162.3,799.9,175.0,809.9],\"lines\":[{\"bbox\":[162.3,799.9,175.0,809.9],\"text\":\"(1)\"}],\"order\":6,\"text\":\"(1)\"},{\"bbox\":[935.1,277.6,968.5,292.9],\"lines\":[{\"bbox\":[935.1,277.6,968.5,292.9],\"text\":\"2007\"}],\"order\":7,\"text\":\"2007\"},{\"bbox\":[521.9,332.8,994.7,405.3],\"lines\":[{\"bbox\":[521.9,332.8,994.3,355.3],\"text\":\"$ 1,220.0 $ 1,226.3 $ 1,260.6 $1,268.0 $ 1,583.6\"},{\"bbox\":[522.1,357.8,994.5,380.3],\"text\":\"$ 2,036.6 $ 2,077.9 $ 2,217.0 $1,925.6 $ 161.7\"},{\"bbox\":[522.3,382.8,994.7,405.3],\"text\":\"$ 440.6 $ 779.4 $ 1,498.1 $1,583.7 $ 640.1\"}],\"order\":8,\"text\":\"$ 1,220.0 $ 1,226.3 $ 1,260.6 $1,268.0 $ 1,583.6\\n$ 2,036.6 $ 2,077.9 $ 2,217.0 $1,925.6 $ 161.7\\n$ 440.6 $ 779.4 $ 1,498.1 $1,583.7 $ 640.1\"},{\"bbox\":[1014.5,251.6,1108.7,292.3],\"lines\":[{\"bbox\":[1029.0,251.7,1094.0,267.2],\"text\":\"Variance\"},{\"bbox\":[1014.6,276.6,1108.7,292.3],\"text\":\"2011 vs. 2010\"}],\"order\":9,\"text\":\"Variance\\n2011 vs. 2010\"},{\"bbox\":[1048.2,332.1,1100.7,401.5],\"lines\":[{\"bbox\":[1058.6,332.1,1100.4,351.5],\"text\":\"(1)%\"},{\"bbox\":[1058.8,357.1,1100.5,376.5],\"text\":\"(2)%\"},{\"bbox\":[1048.5,382.1,1100.7,401.5],\"text\":\"(43)%\"}],\"order\":10,\"text\":\"(1)%\\n(2)%\\n(43)%\"},{\"bbox\":[522.6,435.4,632.3,480.3],\"lines\":[{\"bbox\":[522.6,435.4,632.1,455.3],\"text\":\"$ 156.7 $\"},{\"bbox\":[522.8,460.4,632.3,480.3],\"text\":\"$ 156.7 $\"}],\"order\":11,\"text\":\"$ 156.7 $\\n$ 156.7 $\"},{\"bbox\":[656.3,432.8,1002.1,479.3],\"lines\":[{\"bbox\":[656.3,432.8,1002.0,454.3],\"text\":\"(28.5) $(1,297.8) $ (809.4) $(1,442.3)\"},{\"bbox\":[656.5,457.8,1002.1,479.3],\"text\":\"(28.5) $(1,297.8) $ (511.8) $(1,441.8)\"}],\"order\":12,\"text\":\"(28.5) $(1,297.8) $ (809.4) $(1,442.3)\\n(28.5) $(1,297.8) $ (511.8) $(1,441.8)\"},{\"bbox\":[1066.3,432.3,1077.0,476.4],\"lines\":[{\"bbox\":[1066.3,432.3,1076.8,451.4],\"text\":\"*\"},{\"bbox\":[1066.5,457.3,1077.0,476.4],\"text\":\"*\"}],\"order\":13,\"text\":\"*\\n*\"},{\"bbox\":[523.2,511.1,533.7,530.3],\"lines\":[{\"bbox\":[523.2,511.1,533.7,530.3],\"text\":\"$\"}],\"order\":14,\"text\":\"$\"},{\"bbox\":[564.8,510.7,601.4,530.0],\"lines\":[{\"bbox\":[564.8,510.7,601.4,530.0],\"text\":\"0.59\"}],\"order\":15,\"text\":\"0.59\"},{\"bbox\":[622.1,510.4,632.7,529.6],\"lines\":[{\"bbox\":[622.1,510.4,632.7,529.6],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[656.8,507.8,1002.5,529.3],\"lines\":[{\"bbox\":[656.8,507.8,1002.5,529.3],\"text\":\"(0.13) $ (11.85) $ (15.88) $ (33.98)\"}],\"order\":17,\"text\":\"(0.13) $ (11.85) $ (15.88) $ (33.98)\"},{\"bbox\":[1066.8,507.3,1077.4,526.4],\"lines\":[{\"bbox\":[1066.8,507.3,1077.4,526.4],\"text\":\"*\"}],\"order\":18,\"text\":\"*\"},{\"bbox\":[523.5,561.1,534.3,605.3],\"lines\":[{\"bbox\":[523.5,561.1,534.1,580.3],\"text\":\"$\"},{\"bbox\":[523.7,586.1,534.3,605.3],\"text\":\"$\"}],\"order\":19,\"text\":\"$\\n$\"},{\"bbox\":[565.2,560.4,633.2,605.0],\"lines\":[{\"bbox\":[565.2,560.4,633.0,580.0],\"text\":\"0.54 $\"},{\"bbox\":[565.4,585.4,633.2,605.0],\"text\":\"0.59 $\"}],\"order\":20,\"text\":\"0.54 $\\n0.59 $\"},{\"bbox\":[657.2,557.8,1003.0,604.3],\"lines\":[{\"bbox\":[657.2,557.8,1002.8,579.3],\"text\":\"(0.13) $ (11.85) $ (15.88) $ (33.98)\"},{\"bbox\":[657.4,582.8,1003.0,604.3],\"text\":\"(0.13) $ (11.85) $ (10.04) $ (33.97)\"}],\"order\":21,\"text\":\"(0.13) $ (11.85) $ (15.88) $ (33.98)\\n(0.13) $ (11.85) $ (10.04) $ (33.97)\"},{\"bbox\":[1067.2,557.3,1077.9,601.4],\"lines\":[{\"bbox\":[1067.2,557.3,1077.7,576.4],\"text\":\"*\"},{\"bbox\":[1067.3,582.3,1077.9,601.4],\"text\":\"*\"}],\"order\":22,\"text\":\"*\\n*\"},{\"bbox\":[524.1,636.1,534.6,655.3],\"lines\":[{\"bbox\":[524.1,636.1,534.6,655.3],\"text\":\"$\"}],\"order\":23,\"text\":\"$\"},{\"bbox\":[565.7,635.7,602.3,655.0],\"lines\":[{\"bbox\":[565.7,635.7,602.3,655.0],\"text\":\"0.54\"}],\"order\":24,\"text\":\"0.54\"},{\"bbox\":[657.7,632.8,1003.4,654.3],\"lines\":[{\"bbox\":[657.7,632.8,1003.4,654.3],\"text\":\"(0.13) $ (11.85) $ (10.04) $ (33.97)\"}],\"order\":25,\"text\":\"(0.13) $ (11.85) $ (10.04) $ (33.97)\"},{\"bbox\":[1067.7,632.3,1078.3,651.4],\"lines\":[{\"bbox\":[1067.7,632.3,1078.3,651.4],\"text\":\"*\"}],\"order\":26,\"text\":\"*\"},{\"bbox\":[623.0,635.4,633.6,654.6],\"lines\":[{\"bbox\":[623.0,635.4,633.6,654.6],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[534.8,685.7,602.7,705.2],\"lines\":[{\"bbox\":[534.8,685.7,602.7,705.2],\"text\":\"267,291\"}],\"order\":28,\"text\":\"267,291\"},{\"bbox\":[633.8,684.9,701.6,704.5],\"lines\":[{\"bbox\":[633.8,684.9,701.6,704.5],\"text\":\"211,302\"}],\"order\":29,\"text\":\"211,302\"},{\"bbox\":[734.5,684.2,802.4,703.8],\"lines\":[{\"bbox\":[734.5,684.2,802.4,703.8],\"text\":\"109,544\"}],\"order\":30,\"text\":\"109,544\"},{\"bbox\":[838.7,683.6,896.1,703.0],\"lines\":[{\"bbox\":[838.7,683.6,896.1,703.0],\"text\":\"50,986\"}],\"order\":31,\"text\":\"50,986\"},{\"bbox\":[939.4,682.8,996.8,702.3],\"lines\":[{\"bbox\":[939.4,682.8,996.8,702.3],\"text\":\"42,444\"}],\"order\":32,\"text\":\"42,444\"},{\"bbox\":[1057.6,682.1,1096.0,701.5],\"lines\":[{\"bbox\":[1057.6,682.1,1096.0,701.5],\"text\":\"26%\"}],\"order\":33,\"text\":\"26%\"},{\"bbox\":[535.2,735.7,603.0,755.2],\"lines\":[{\"bbox\":[535.2,735.7,603.0,755.2],\"text\":\"289,822\"}],\"order\":34,\"text\":\"289,822\"},{\"bbox\":[634.2,734.9,702.0,754.5],\"lines\":[{\"bbox\":[634.2,734.9,702.0,754.5],\"text\":\"211,302\"}],\"order\":35,\"text\":\"211,302\"},{\"bbox\":[734.9,734.2,802.7,753.8],\"lines\":[{\"bbox\":[734.9,734.2,802.7,753.8],\"text\":\"109,544\"}],\"order\":36,\"text\":\"109,544\"},{\"bbox\":[839.0,733.6,896.5,753.0],\"lines\":[{\"bbox\":[839.0,733.6,896.5,753.0],\"text\":\"50,986\"}],\"order\":37,\"text\":\"50,986\"},{\"bbox\":[939.8,732.8,997.2,752.3],\"lines\":[{\"bbox\":[939.8,732.8,997.2,752.3],\"text\":\"42,444\"}],\"order\":38,\"text\":\"42,444\"},{\"bbox\":[1058.0,732.1,1096.3,751.5],\"lines\":[{\"bbox\":[1058.0,732.1,1096.3,751.5],\"text\":\"37%\"}],\"order\":39,\"text\":\"37%\"},{\"bbox\":[195.5,774.0,886.6,815.1],\"lines\":[{\"bbox\":[195.5,777.7,378.3,794.2],\"text\":\"Percentage not meaningful.\"},{\"bbox\":[195.6,794.9,886.6,815.1],\"text\":\"In 2008, the Company sold its Canadian brokerage business and exited its direct retail lending business.\"}],\"order\":40,\"text\":\"Percentage not meaningful.\\nIn 2008, the Company sold its Canadian brokerage business and exited its direct retail lending business.\"},{\"bbox\":[204.3,845.6,380.6,865.9],\"lines\":[{\"bbox\":[204.3,845.6,380.6,865.9],\"text\":\"(Dollars in millions):\"}],\"order\":41,\"text\":\"(Dollars in millions):\"},{\"bbox\":[163.4,945.1,442.8,1216.2],\"lines\":[{\"bbox\":[163.4,945.8,345.9,966.0],\"text\":\"Financial Condition:\"},{\"bbox\":[205.2,970.1,441.2,990.9],\"text\":\"Available-for-sale securities\"},{\"bbox\":[205.4,995.2,431.0,1015.9],\"text\":\"Held-to-maturity securities\"},{\"bbox\":[205.6,1020.7,366.1,1040.9],\"text\":\"Margin receivables\"},{\"bbox\":[205.7,1045.6,383.7,1065.9],\"text\":\"Loans receivable, net\"},{\"bbox\":[205.9,1071.1,303.9,1090.9],\"text\":\"Total assets\"},{\"bbox\":[206.1,1096.3,279.1,1115.9],\"text\":\"Deposits\"},{\"bbox\":[206.3,1120.9,330.9,1140.9],\"text\":\"Corporate debt\"},{\"bbox\":[248.1,1145.6,380.1,1165.6],\"text\":\"Interest-bearing\"},{\"bbox\":[248.3,1170.3,422.0,1190.6],\"text\":\"Non-interest-bearing\"},{\"bbox\":[206.8,1195.6,380.2,1215.9],\"text\":\"Shareholders’ equity\"}],\"order\":42,\"text\":\"Financial Condition:\\nAvailable-for-sale securities\\nHeld-to-maturity securities\\nMargin receivables\\nLoans receivable, net\\nTotal assets\\nDeposits\\nCorporate debt\\nInterest-bearing\\nNon-interest-bearing\\nShareholders’ equity\"},{\"bbox\":[523.3,913.9,556.8,929.2],\"lines\":[{\"bbox\":[523.3,913.9,556.8,929.2],\"text\":\"2011\"}],\"order\":43,\"text\":\"2011\"},{\"bbox\":[627.5,913.2,660.9,928.5],\"lines\":[{\"bbox\":[627.5,913.2,660.9,928.5],\"text\":\"2010\"}],\"order\":44,\"text\":\"2010\"},{\"bbox\":[699.5,887.2,797.0,927.9],\"lines\":[{\"bbox\":[699.5,887.2,796.8,902.9],\"text\":\"December 31,\"},{\"bbox\":[731.7,912.4,765.1,927.7],\"text\":\"2009\"}],\"order\":45,\"text\":\"December 31,\\n2009\"},{\"bbox\":[835.8,911.7,869.3,927.0],\"lines\":[{\"bbox\":[835.8,911.7,869.3,927.0],\"text\":\"2008\"}],\"order\":46,\"text\":\"2008\"},{\"bbox\":[940.0,910.9,973.4,926.2],\"lines\":[{\"bbox\":[940.0,910.9,973.4,926.2],\"text\":\"2007\"}],\"order\":47,\"text\":\"2007\"},{\"bbox\":[498.7,969.1,583.1,1113.8],\"lines\":[{\"bbox\":[498.7,969.1,582.2,988.8],\"text\":\"$15,651.5\"},{\"bbox\":[498.9,994.1,582.4,1013.8],\"text\":\"$ 6,079.5\"},{\"bbox\":[499.1,1019.1,582.6,1038.8],\"text\":\"$ 4,826.3\"},{\"bbox\":[499.3,1044.1,582.7,1063.8],\"text\":\"$12,332.8\"},{\"bbox\":[499.5,1069.1,582.9,1088.8],\"text\":\"$47,940.5\"},{\"bbox\":[499.6,1094.1,583.1,1113.8],\"text\":\"$26,460.0\"}],\"order\":48,\"text\":\"$15,651.5\\n$ 6,079.5\\n$ 4,826.3\\n$12,332.8\\n$47,940.5\\n$26,460.0\"},{\"bbox\":[602.9,968.4,687.3,1113.1],\"lines\":[{\"bbox\":[602.9,968.4,686.4,988.1],\"text\":\"$14,805.7\"},{\"bbox\":[603.1,993.4,686.6,1013.1],\"text\":\"$ 2,462.7\"},{\"bbox\":[603.3,1018.4,686.7,1038.1],\"text\":\"$ 5,120.6\"},{\"bbox\":[603.4,1043.4,686.9,1063.1],\"text\":\"$15,121.9\"},{\"bbox\":[603.6,1068.4,687.1,1088.1],\"text\":\"$46,373.0\"},{\"bbox\":[603.8,1093.4,687.3,1113.1],\"text\":\"$25,240.3\"}],\"order\":49,\"text\":\"$14,805.7\\n$ 2,462.7\\n$ 5,120.6\\n$15,121.9\\n$46,373.0\\n$25,240.3\"},{\"bbox\":[707.1,967.7,791.4,1112.3],\"lines\":[{\"bbox\":[707.1,967.7,790.5,987.3],\"text\":\"$13,319.7\"},{\"bbox\":[707.2,993.2,717.8,1012.3],\"text\":\"$\"},{\"bbox\":[759.3,992.7,780.3,1012.0],\"text\":\"—\"},{\"bbox\":[707.4,1017.7,790.9,1037.3],\"text\":\"$ 3,827.2\"},{\"bbox\":[707.6,1042.6,791.1,1062.3],\"text\":\"$19,167.1\"},{\"bbox\":[707.8,1067.6,791.3,1087.3],\"text\":\"$47,366.5\"},{\"bbox\":[708.0,1092.6,791.4,1112.3],\"text\":\"$25,597.7\"}],\"order\":50,\"text\":\"$13,319.7\\n$\\n—\\n$ 3,827.2\\n$19,167.1\\n$47,366.5\\n$25,597.7\"},{\"bbox\":[811.2,966.9,895.6,1111.6],\"lines\":[{\"bbox\":[811.2,966.9,894.7,986.6],\"text\":\"$10,806.1\"},{\"bbox\":[811.4,992.4,822.0,1011.6],\"text\":\"$\"},{\"bbox\":[863.5,992.0,884.5,1011.2],\"text\":\"—\"},{\"bbox\":[811.6,1016.9,895.1,1036.6],\"text\":\"$ 2,791.2\"},{\"bbox\":[811.8,1041.9,895.2,1061.6],\"text\":\"$24,451.8\"},{\"bbox\":[812.0,1066.9,895.4,1086.6],\"text\":\"$48,538.2\"},{\"bbox\":[812.1,1091.9,895.6,1111.6],\"text\":\"$26,136.2\"}],\"order\":51,\"text\":\"$10,806.1\\n$\\n—\\n$ 2,791.2\\n$24,451.8\\n$48,538.2\\n$26,136.2\"},{\"bbox\":[915.4,966.2,999.8,1110.8],\"lines\":[{\"bbox\":[915.4,966.2,998.9,985.8],\"text\":\"$11,255.0\"},{\"bbox\":[915.6,991.7,926.1,1010.8],\"text\":\"$\"},{\"bbox\":[967.7,991.2,988.6,1010.5],\"text\":\"—\"},{\"bbox\":[915.8,1016.2,999.2,1035.8],\"text\":\"$ 7,179.2\"},{\"bbox\":[915.9,1041.2,999.4,1060.8],\"text\":\"$30,038.8\"},{\"bbox\":[916.1,1066.2,999.6,1085.8],\"text\":\"$56,845.9\"},{\"bbox\":[916.3,1091.2,999.8,1110.8],\"text\":\"$25,884.8\"}],\"order\":52,\"text\":\"$11,255.0\\n$\\n—\\n$ 7,179.2\\n$30,038.8\\n$56,845.9\\n$25,884.8\"},{\"bbox\":[1050.9,965.4,1107.4,1109.9],\"lines\":[{\"bbox\":[1071.8,965.4,1099.7,984.7],\"text\":\"6%\"},{\"bbox\":[1051.1,990.4,1099.8,1009.9],\"text\":\"147%\"},{\"bbox\":[1065.1,1015.4,1106.9,1034.8],\"text\":\"(6)%\"},{\"bbox\":[1054.9,1040.4,1107.1,1059.8],\"text\":\"(18)%\"},{\"bbox\":[1072.5,1065.4,1100.4,1084.7],\"text\":\"3%\"},{\"bbox\":[1072.6,1090.4,1100.6,1109.7],\"text\":\"5%\"}],\"order\":53,\"text\":\"6%\\n147%\\n(6)%\\n(18)%\\n3%\\n5%\"},{\"bbox\":[500.0,1141.2,1000.5,1213.8],\"lines\":[{\"bbox\":[500.0,1141.2,1000.1,1163.8],\"text\":\"$ 1,450.5 $ 1,441.9 $ 1,437.8 $ 2,750.5 $ 3,022.7\"},{\"bbox\":[500.2,1169.7,510.7,1188.8],\"text\":\"$\"},{\"bbox\":[547.0,1167.4,823.2,1188.5],\"text\":\"43.0 $ 704.0 $ 1,020.9 $\"},{\"bbox\":[864.7,1167.0,885.7,1186.2],\"text\":\"—\"},{\"bbox\":[916.8,1166.7,927.4,1185.8],\"text\":\"$\"},{\"bbox\":[968.9,1166.2,989.9,1185.5],\"text\":\"—\"},{\"bbox\":[500.3,1191.2,1000.5,1213.8],\"text\":\"$ 4,928.0 $ 4,052.4 $ 3,749.6 $ 2,591.5 $ 2,829.1\"}],\"order\":54,\"text\":\"$ 1,450.5 $ 1,441.9 $ 1,437.8 $ 2,750.5 $ 3,022.7\\n$\\n43.0 $ 704.0 $ 1,020.9 $\\n—\\n$\\n—\\n$ 4,928.0 $ 4,052.4 $ 3,749.6 $ 2,591.5 $ 2,829.1\"},{\"bbox\":[1055.6,1140.4,1108.2,1209.8],\"lines\":[{\"bbox\":[1073.0,1140.4,1100.9,1159.7],\"text\":\"1%\"},{\"bbox\":[1055.8,1165.4,1108.0,1184.8],\"text\":\"(94)%\"},{\"bbox\":[1062.9,1190.4,1101.3,1209.8],\"text\":\"22%\"}],\"order\":55,\"text\":\"1%\\n(94)%\\n22%\"},{\"bbox\":[631.8,1485.3,652.8,1504.5],\"lines\":[{\"bbox\":[631.8,1485.3,652.8,1504.5],\"text\":\"27\"}],\"order\":56,\"text\":\"27\"},{\"bbox\":[1019.0,884.9,1113.2,925.7],\"lines\":[{\"bbox\":[1033.6,885.0,1098.5,900.6],\"text\":\"Variance\"},{\"bbox\":[1019.2,909.9,1113.2,925.7],\"text\":\"2011 vs. 2010\"}],\"order\":57,\"text\":\"Variance\\n2011 vs. 2010\"}],\"doc\":\"fintabnet:ETFC_2011\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA\\n\\n(Dollars in millions, shares in thousands, except per share amounts):\\n\\nYear Ended December 31,\\n2010\\n2009\\n2008\\n\\n2011\\n\\nResults of Operations: (1)\\nNet operating interest income\\nTotal net revenue\\nProvision for loan losses\\nIncome (loss) from continuing\\noperations\\nNet income (loss)\\nBasic earnings (loss) per share\\nfrom continuing operations\\nDiluted earnings (loss) per share\\nfrom continuing operations\\nBasic net earnings (loss) per share\\nDiluted net earnings (loss) per\\nshare\\nWeighted average shares—\\nbasic\\nWeighted average shares—\\ndiluted\\n\\n*\\n\\n(1)\\n\\n2007\\n\\n$ 1,220.0 $ 1,226.3 $ 1,260.6 $1,268.0 $ 1,583.6\\n$ 2,036.6 $ 2,077.9 $ 2,217.0 $1,925.6 $ 161.7\\n$ 440.6 $ 779.4 $ 1,498.1 $1,583.7 $ 640.1\\n\\nVariance\\n2011 vs. 2010\\n\\n(1)%\\n(2)%\\n(43)%\\n\\n$ 156.7 $\\n$ 156.7 $\\n\\n(28.5) $(1,297.8) $ (809.4) $(1,442.3)\\n(28.5) $(1,297.8) $ (511.8) $(1,441.8)\\n\\n*\\n*\\n\\n$\\n\\n0.59\\n\\n$\\n\\n(0.13) $ (11.85) $ (15.88) $ (33.98)\\n\\n*\\n\\n$\\n$\\n\\n0.54 $\\n0.59 $\\n\\n(0.13) $ (11.85) $ (15.88) $ (33.98)\\n(0.13) $ (11.85) $ (10.04) $ (33.97)\\n\\n*\\n*\\n\\n$\\n\\n0.54\\n\\n(0.13) $ (11.85) $ (10.04) $ (33.97)\\n\\n*\\n\\n$\\n\\n267,291\\n\\n211,302\\n\\n109,544\\n\\n50,986\\n\\n42,444\\n\\n26%\\n\\n289,822\\n\\n211,302\\n\\n109,544\\n\\n50,986\\n\\n42,444\\n\\n37%\\n\\nPercentage not meaningful.\\nIn 2008, the Company sold its Canadian brokerage business and exited its direct retail lending business.\\n\\n(Dollars in millions):\\n\\nFinancial Condition:\\nAvailable-for-sale securities\\nHeld-to-maturity securities\\nMargin receivables\\nLoans receivable, net\\nTotal assets\\nDeposits\\nCorporate debt\\nInterest-bearing\\nNon-interest-bearing\\nShareholders’ equity\\n\\n2011\\n\\n2010\\n\\nDecember 31,\\n2009\\n\\n2008\\n\\n2007\\n\\n$15,651.5\\n$ 6,079.5\\n$ 4,826.3\\n$12,332.8\\n$47,940.5\\n$26,460.0\\n\\n$14,805.7\\n$ 2,462.7\\n$ 5,120.6\\n$15,121.9\\n$46,373.0\\n$25,240.3\\n\\n$13,319.7\\n$\\n—\\n$ 3,827.2\\n$19,167.1\\n$47,366.5\\n$25,597.7\\n\\n$10,806.1\\n$\\n—\\n$ 2,791.2\\n$24,451.8\\n$48,538.2\\n$26,136.2\\n\\n$11,255.0\\n$\\n—\\n$ 7,179.2\\n$30,038.8\\n$56,845.9\\n$25,884.8\\n\\n6%\\n147%\\n(6)%\\n(18)%\\n3%\\n5%\\n\\n$ 1,450.5 $ 1,441.9 $ 1,437.8 $ 2,750.5 $ 3,022.7\\n$\\n43.0 $ 704.0 $ 1,020.9 $\\n—\\n$\\n—\\n$ 4,928.0 $ 4,052.4 $ 3,749.6 $ 2,591.5 $ 2,829.1\\n\\n1%\\n(94)%\\n22%\\n\\n27\\n\\nVariance\\n2011 vs. 2010\",\"name\":\"fintabnet.ETFC_2011_page_30__150dpi_mild\",\"page_id\":\"fintabnet.ETFC_2011_page_30\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.409,\"source\":\"fintabnet\",\"source_id\":\"ETFC_2011_page_30\",\"stack\":[{\"deg\":0.409,\"op\":\"skew\"},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[158.4,247.8,1112.0,757.9],\"block_orders\":[2,3,4,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39],\"cells\":null},{\"bbox\":[162.9,881.1,1115.3,1216.2],\"block_orders\":[42,43,44,45,46,47,48,49,50,51,52,53,54,55,57],\"cells\":null}],\"text\":\"ITEM 6. SELECTED CONSOLIDATED FINANCIAL DATA\\n\\n(Dollars in millions, shares in thousands, except per share amounts):\\n\\nYear Ended December 31,\\n2010\\n2009\\n2008\\n\\n2011\\n\\nResults of Operations: (1)\\nNet operating interest income\\nTotal net revenue\\nProvision for loan losses\\nIncome (loss) from continuing\\noperations\\nNet income (loss)\\nBasic earnings (loss) per share\\nfrom continuing operations\\nDiluted earnings (loss) per share\\nfrom continuing operations\\nBasic net earnings (loss) per share\\nDiluted net earnings (loss) per\\nshare\\nWeighted average shares—\\nbasic\\nWeighted average shares—\\ndiluted\\n\\n*\\n\\n(1)\\n\\n2007\\n\\n$ 1,220.0 $ 1,226.3 $ 1,260.6 $1,268.0 $ 1,583.6\\n$ 2,036.6 $ 2,077.9 $ 2,217.0 $1,925.6 $ 161.7\\n$ 440.6 $ 779.4 $ 1,498.1 $1,583.7 $ 640.1\\n\\nVariance\\n2011 vs. 2010\\n\\n(1)%\\n(2)%\\n(43)%\\n\\n$ 156.7 $\\n$ 156.7 $\\n\\n(28.5) $(1,297.8) $ (809.4) $(1,442.3)\\n(28.5) $(1,297.8) $ (511.8) $(1,441.8)\\n\\n*\\n*\\n\\n$\\n\\n0.59\\n\\n$\\n\\n(0.13) $ (11.85) $ (15.88) $ (33.98)\\n\\n*\\n\\n$\\n$\\n\\n0.54 $\\n0.59 $\\n\\n(0.13) $ (11.85) $ (15.88) $ (33.98)\\n(0.13) $ (11.85) $ (10.04) $ (33.97)\\n\\n*\\n*\\n\\n$\\n\\n0.54\\n\\n(0.13) $ (11.85) $ (10.04) $ (33.97)\\n\\n*\\n\\n$\\n\\n267,291\\n\\n211,302\\n\\n109,544\\n\\n50,986\\n\\n42,444\\n\\n26%\\n\\n289,822\\n\\n211,302\\n\\n109,544\\n\\n50,986\\n\\n42,444\\n\\n37%\\n\\nPercentage not meaningful.\\nIn 2008, the Company sold its Canadian brokerage business and exited its direct retail lending business.\\n\\n(Dollars in millions):\\n\\nFinancial Condition:\\nAvailable-for-sale securities\\nHeld-to-maturity securities\\nMargin receivables\\nLoans receivable, net\\nTotal assets\\nDeposits\\nCorporate debt\\nInterest-bearing\\nNon-interest-bearing\\nShareholders’ equity\\n\\n2011\\n\\n2010\\n\\nDecember 31,\\n2009\\n\\n2008\\n\\n2007\\n\\n$15,651.5\\n$ 6,079.5\\n$ 4,826.3\\n$12,332.8\\n$47,940.5\\n$26,460.0\\n\\n$14,805.7\\n$ 2,462.7\\n$ 5,120.6\\n$15,121.9\\n$46,373.0\\n$25,240.3\\n\\n$13,319.7\\n$\\n—\\n$ 3,827.2\\n$19,167.1\\n$47,366.5\\n$25,597.7\\n\\n$10,806.1\\n$\\n—\\n$ 2,791.2\\n$24,451.8\\n$48,538.2\\n$26,136.2\\n\\n$11,255.0\\n$\\n—\\n$ 7,179.2\\n$30,038.8\\n$56,845.9\\n$25,884.8\\n\\n6%\\n147%\\n(6)%\\n(18)%\\n3%\\n5%\\n\\n$ 1,450.5 $ 1,441.9 $ 1,437.8 $ 2,750.5 $ 3,022.7\\n$\\n43.0 $ 704.0 $ 1,020.9 $\\n—\\n$\\n—\\n$ 4,928.0 $ 4,052.4 $ 3,749.6 $ 2,591.5 $ 2,829.1\\n\\n1%\\n(94)%\\n22%\\n\\n27\\n\\nVariance\\n2011 vs. 2010\"},\"name\":\"fintabnet.ETFC_2011_page_30__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":191573,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:ETFC_2011\",\"dpi\":150,\"gt_sha256\":\"0bf292cbc59cab5c0736027f7724253aabcc4a0999cea07b8a17dc18b6b21269\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ETFC_2011_page_30__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.ETFC_2011_page_30\",\"pdf_sha256\":\"00c5c744b5b169a4ee46fd943d89707efc25b339c0a626c2f93c3c24bdc3dfb6\",\"px\":[1275,1650],\"scan\":{\"render\":\"00003f8003fc39fc3df83df81df83fe000e43ffc3bfc1bfc0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"ETFC_2011_page_30\",\"src\":{\"file_sha256\":\"72dc104d308b5cc162dadb1e3538cbd9e5590b10b9af493cad6fcc4f0d4789c1\",\"render\":\"00003f8003fc39fc3df83df81df83be003fc3bfc33fc1bfc0000000000000000\",\"text\":\"cceac3dcd01391529a99a904507162dc1a7c721126834353ae41a2ee531a78c2\"},\"stack\":[{\"deg\":0.409,\"op\":\"skew\"},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"00c5c744b5b169a4ee46fd943d89707efc25b339c0a626c2f93c3c24bdc3dfb6\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/00c5c744b5b169a4ee46fd943d89707efc25b339c0a626c2f93c3c24bdc3dfb6.pdf","asset_sha256":"00c5c744b5b169a4ee46fd943d89707efc25b339c0a626c2f93c3c24bdc3dfb6","document_id":"fintabnet:ETFC_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ETFC_2011_page_30\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"EXC_2012_page_205\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:EXC_2012\",\"ground_truth\":{\"blocks\":[{\"bbox\":[51.3,68.3,580.0,115.3],\"lines\":[{\"bbox\":[52.0,68.3,580.0,93.3],\"text\":\"benefit obligation, including projected inflation rates (based on the CPI) and whether pre- and post-65 retiree populations can be\"},{\"bbox\":[51.7,79.3,579.7,104.3],\"text\":\"aggregated in determining the premium values of health care benefits. Exelon reflected its best estimate of the expected impact in its\"},{\"bbox\":[51.3,90.3,156.0,101.9],\"text\":\"annual actuarial valuation.\"}],\"order\":0,\"text\":\"benefit obligation, including projected inflation rates (based on the CPI) and whether pre- and post-65 retiree populations can be\\naggregated in determining the premium values of health care benefits. Exelon reflected its best estimate of the expected impact in its\\nannual actuarial valuation.\"},{\"bbox\":[50.4,118.9,109.6,129.1],\"lines\":[{\"bbox\":[50.4,118.9,109.6,129.1],\"text\":\"Contributions\"}],\"order\":1,\"text\":\"Contributions\"},{\"bbox\":[49.9,135.8,497.4,158.2],\"lines\":[{\"bbox\":[49.9,135.8,497.4,158.2],\"text\":\"The following table provides contributions made by Exelon to the pension and other postretirement benefit plans:\"}],\"order\":2,\"text\":\"The following table provides contributions made by Exelon to the pension and other postretirement benefit plans:\"},{\"bbox\":[48.4,182.5,355.4,200.5],\"lines\":[{\"bbox\":[48.4,182.5,355.4,200.5],\"text\":\"Exelon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":3,\"text\":\"Exelon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[366.7,166.3,452.6,188.4],\"lines\":[{\"bbox\":[377.3,166.6,442.4,176.1],\"text\":\"Pension Benefits\"},{\"bbox\":[366.7,178.3,384.7,186.3],\"text\":\"2012\"},{\"bbox\":[400.4,179.4,418.5,187.4],\"text\":\"2011\"},{\"bbox\":[434.2,180.5,452.2,188.4],\"text\":\"2010\"}],\"order\":4,\"text\":\"Pension Benefits\\n2012\\n2011\\n2010\"},{\"bbox\":[463.1,169.4,577.3,192.4],\"lines\":[{\"bbox\":[463.4,169.4,577.3,180.4],\"text\":\"Other Postretirement Benefits\"},{\"bbox\":[465.8,181.5,491.6,189.7],\"text\":\"2012 (a)\"},{\"bbox\":[507.0,182.8,532.8,191.0],\"text\":\"2011 (a)\"},{\"bbox\":[548.2,184.1,574.0,192.3],\"text\":\"2010 (a)\"}],\"order\":5,\"text\":\"Other Postretirement Benefits\\n2012 (a)\\n2011 (a)\\n2010 (a)\"},{\"bbox\":[365.1,192.6,385.4,201.5],\"lines\":[{\"bbox\":[365.1,192.6,385.4,201.5],\"text\":\"$149\"}],\"order\":6,\"text\":\"$149\"},{\"bbox\":[468.2,195.8,488.4,204.7],\"lines\":[{\"bbox\":[468.2,195.8,488.4,204.7],\"text\":\"$323\"}],\"order\":7,\"text\":\"$323\"},{\"bbox\":[395.1,193.5,422.9,202.7],\"lines\":[{\"bbox\":[395.1,193.5,422.9,202.7],\"text\":\"$2,094\"}],\"order\":8,\"text\":\"$2,094\"},{\"bbox\":[432.6,194.7,452.9,203.6],\"lines\":[{\"bbox\":[432.6,194.7,452.9,203.6],\"text\":\"$766\"}],\"order\":9,\"text\":\"$766\"},{\"bbox\":[509.3,197.1,529.6,206.0],\"lines\":[{\"bbox\":[509.3,197.1,529.6,206.0],\"text\":\"$277\"}],\"order\":10,\"text\":\"$277\"},{\"bbox\":[550.5,198.4,570.8,207.4],\"lines\":[{\"bbox\":[550.5,198.4,570.8,207.4],\"text\":\"$203\"}],\"order\":11,\"text\":\"$203\"},{\"bbox\":[47.6,200.9,575.7,233.1],\"lines\":[{\"bbox\":[47.9,200.9,575.7,224.1],\"text\":\"(a) Exelon presents the cash contributions above net of Federal subsidy payments received on its Consolidated Statements of Cash Flows. Exelon received Federal\"},{\"bbox\":[61.6,210.4,326.2,225.2],\"text\":\"subsidy payments of $10 million in 2012, $11 million in 2011, and $10 million in 2010.\"}],\"order\":12,\"text\":\"(a) Exelon presents the cash contributions above net of Federal subsidy payments received on its Consolidated Statements of Cash Flows. Exelon received Federal\\nsubsidy payments of $10 million in 2012, $11 million in 2011, and $10 million in 2010.\"},{\"bbox\":[42.6,231.2,574.9,388.2],\"lines\":[{\"bbox\":[46.8,231.2,574.9,256.3],\"text\":\"Exelon plans to contribute approximately $255 million to its qualified pension plans in 2013. Exelon plans to make non-qualified\"},{\"bbox\":[46.5,242.2,574.4,267.2],\"text\":\"pension plan benefit payments of approximately $15 million in 2013. Management considers various factors when making pension\"},{\"bbox\":[46.1,253.2,574.1,278.2],\"text\":\"funding decisions, including actuarially determined minimum contribution requirements under ERISA, contributions required to avoid\"},{\"bbox\":[45.8,264.2,573.8,289.2],\"text\":\"benefit restrictions and at-risk status as defined by the Pension Protection Act of 2006 (the Act), management of the pension\"},{\"bbox\":[45.4,275.2,573.4,300.2],\"text\":\"obligation and regulatory implications. The Act requires the attainment of certain funding levels to avoid benefit restrictions (such as\"},{\"bbox\":[45.1,286.2,573.1,311.2],\"text\":\"an inability to pay lump sums or to accrue benefits prospectively), and at-risk status (which triggers higher minimum contribution\"},{\"bbox\":[44.7,297.2,572.7,322.2],\"text\":\"requirements and participant notification). Additionally, for Exelon’s largest qualified pension plan, the projected contributions reflect\"},{\"bbox\":[44.4,308.2,572.4,333.2],\"text\":\"a funding strategy of contributing the greater of $250 million, which approximates service cost, or the minimum amounts under\"},{\"bbox\":[44.0,319.2,572.0,344.2],\"text\":\"ERISA to avoid benefit restrictions and at-risk status. This level funding strategy helps minimize volatility of future period required\"},{\"bbox\":[43.7,330.2,571.7,355.2],\"text\":\"pension contributions. On July 6, 2012, President Obama signed into law the Moving Ahead for Progress in the Twenty-first Century\"},{\"bbox\":[43.3,341.2,571.4,366.2],\"text\":\"Act, which contains a pension funding provision that results in lower minimum pension contributions in the near term while increasing\"},{\"bbox\":[43.0,352.2,571.0,377.2],\"text\":\"the premiums pension plans pay to the Pension Benefit Guaranty Corporation. Certain provisions of the law will be applied in 2012\"},{\"bbox\":[42.6,363.2,509.7,386.2],\"text\":\"while others take effect in 2013. The estimated impacts of the law are reflected in the projected pension contributions.\"}],\"order\":13,\"text\":\"Exelon plans to contribute approximately $255 million to its qualified pension plans in 2013. Exelon plans to make non-qualified\\npension plan benefit payments of approximately $15 million in 2013. Management considers various factors when making pension\\nfunding decisions, including actuarially determined minimum contribution requirements under ERISA, contributions required to avoid\\nbenefit restrictions and at-risk status as defined by the Pension Protection Act of 2006 (the Act), management of the pension\\nobligation and regulatory implications. The Act requires the attainment of certain funding levels to avoid benefit restrictions (such as\\nan inability to pay lump sums or to accrue benefits prospectively), and at-risk status (which triggers higher minimum contribution\\nrequirements and participant notification). Additionally, for Exelon’s largest qualified pension plan, the projected contributions reflect\\na funding strategy of contributing the greater of $250 million, which approximates service cost, or the minimum amounts under\\nERISA to avoid benefit restrictions and at-risk status. This level funding strategy helps minimize volatility of future period required\\npension contributions. On July 6, 2012, President Obama signed into law the Moving Ahead for Progress in the Twenty-first Century\\nAct, which contains a pension funding provision that results in lower minimum pension contributions in the near term while increasing\\nthe premiums pension plans pay to the Pension Benefit Guaranty Corporation. Certain provisions of the law will be applied in 2012\\nwhile others take effect in 2013. The estimated impacts of the law are reflected in the projected pension contributions.\"},{\"bbox\":[40.5,385.9,569.9,454.9],\"lines\":[{\"bbox\":[41.9,385.9,569.9,410.9],\"text\":\"Unlike the qualified pension plans, Exelon’s other postretirement plans are not subject to regulatory minimum contribution\"},{\"bbox\":[41.6,396.9,569.6,421.9],\"text\":\"requirements. Management considers several factors in determining the level of contributions to Exelon’s other postretirement\"},{\"bbox\":[41.2,407.9,569.2,432.9],\"text\":\"benefit plans, including levels of benefit claims paid and regulatory implications (amounts deemed prudent to meet regulatory\"},{\"bbox\":[40.9,418.9,568.9,443.9],\"text\":\"expectations and best assure continued rate recovery). Exelon expects to contribute approximately $292 million to the other\"},{\"bbox\":[40.5,429.9,186.2,442.8],\"text\":\"postretirement benefit plans in 2013.\"}],\"order\":14,\"text\":\"Unlike the qualified pension plans, Exelon’s other postretirement plans are not subject to regulatory minimum contribution\\nrequirements. Management considers several factors in determining the level of contributions to Exelon’s other postretirement\\nbenefit plans, including levels of benefit claims paid and regulatory implications (amounts deemed prudent to meet regulatory\\nexpectations and best assure continued rate recovery). Exelon expects to contribute approximately $292 million to the other\\npostretirement benefit plans in 2013.\"},{\"bbox\":[39.6,458.5,191.3,471.6],\"lines\":[{\"bbox\":[39.6,458.5,191.3,471.6],\"text\":\"Estimated Future Benefit Payments\"}],\"order\":15,\"text\":\"Estimated Future Benefit Payments\"},{\"bbox\":[38.7,475.3,567.1,511.4],\"lines\":[{\"bbox\":[39.1,475.3,567.1,500.4],\"text\":\"Estimated future benefit payments to participants in all of the pension plans and postretirement benefit plans at December 31, 2012\"},{\"bbox\":[38.7,486.3,61.0,495.3],\"text\":\"were:\"}],\"order\":16,\"text\":\"Estimated future benefit payments to participants in all of the pension plans and postretirement benefit plans at December 31, 2012\\nwere:\"},{\"bbox\":[444.0,527.7,476.0,544.1],\"lines\":[{\"bbox\":[444.4,527.7,475.7,536.1],\"text\":\"Pension\"},{\"bbox\":[444.0,535.7,475.7,544.1],\"text\":\"Benefits\"}],\"order\":17,\"text\":\"Pension\\nBenefits\"},{\"bbox\":[485.5,529.0,565.9,547.0],\"lines\":[{\"bbox\":[485.7,529.0,565.9,539.0],\"text\":\"Other Postretirement\"},{\"bbox\":[509.6,537.8,541.4,546.2],\"text\":\"Benefits\"}],\"order\":18,\"text\":\"Other Postretirement\\nBenefits\"},{\"bbox\":[35.4,537.1,433.8,612.9],\"lines\":[{\"bbox\":[37.1,537.1,433.8,557.9],\"text\":\"2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[36.8,548.1,433.4,568.9],\"text\":\"2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[36.4,559.1,433.1,579.9],\"text\":\"2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[36.1,570.1,432.7,590.9],\"text\":\"2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[35.7,581.0,432.4,601.9],\"text\":\"2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[35.4,592.0,432.0,612.9],\"text\":\"2018 through 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":19,\"text\":\"2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2018 through 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[443.8,550.0,473.3,614.2],\"lines\":[{\"bbox\":[445.5,550.0,473.3,559.2],\"text\":\"$ 943\"},{\"bbox\":[457.7,561.4,472.9,570.2],\"text\":\"807\"},{\"bbox\":[457.3,572.4,472.6,581.2],\"text\":\"891\"},{\"bbox\":[457.0,583.4,472.3,592.2],\"text\":\"868\"},{\"bbox\":[456.6,594.4,471.9,603.2],\"text\":\"902\"},{\"bbox\":[448.8,605.2,471.5,614.2],\"text\":\"5,161\"}],\"order\":20,\"text\":\"$ 943\\n807\\n891\\n868\\n902\\n5,161\"},{\"bbox\":[509.5,552.1,539.0,616.2],\"lines\":[{\"bbox\":[511.2,552.1,539.0,561.3],\"text\":\"$ 197\"},{\"bbox\":[523.3,563.5,538.6,572.3],\"text\":\"204\"},{\"bbox\":[523.0,574.5,538.3,583.3],\"text\":\"212\"},{\"bbox\":[522.7,585.5,537.9,594.3],\"text\":\"220\"},{\"bbox\":[522.3,596.5,537.6,605.2],\"text\":\"231\"},{\"bbox\":[514.4,607.2,537.2,616.2],\"text\":\"1,330\"}],\"order\":21,\"text\":\"$ 197\\n204\\n212\\n220\\n231\\n1,330\"},{\"bbox\":[34.9,607.0,431.5,627.9],\"lines\":[{\"bbox\":[34.9,607.0,431.5,627.9],\"text\":\"Total estimated future benefit payments through 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":22,\"text\":\"Total estimated future benefit payments through 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[443.3,620.0,471.1,629.1],\"lines\":[{\"bbox\":[443.3,620.0,471.1,629.1],\"text\":\"$9,572\"}],\"order\":23,\"text\":\"$9,572\"},{\"bbox\":[509.0,622.1,536.7,631.2],\"lines\":[{\"bbox\":[509.0,622.1,536.7,631.2],\"text\":\"$2,394\"}],\"order\":24,\"text\":\"$2,394\"},{\"bbox\":[33.8,641.7,85.1,651.6],\"lines\":[{\"bbox\":[33.8,641.7,85.1,651.6],\"text\":\"Plan Assets\"}],\"order\":25,\"text\":\"Plan Assets\"},{\"bbox\":[32.6,658.5,561.3,705.5],\"lines\":[{\"bbox\":[33.3,658.5,561.3,683.5],\"text\":\"Investment Strategy. On a regular basis, Exelon evaluates its investment strategy to ensure that plan assets will be sufficient to pay\"},{\"bbox\":[32.9,669.5,560.9,694.5],\"text\":\"plan benefits when due. As part of this ongoing evaluation, Exelon may make changes to its targeted asset allocation and\"},{\"bbox\":[32.6,680.5,113.3,691.3],\"text\":\"investment strategy.\"}],\"order\":26,\"text\":\"Investment Strategy. On a regular basis, Exelon evaluates its investment strategy to ensure that plan assets will be sufficient to pay\\nplan benefits when due. As part of this ongoing evaluation, Exelon may make changes to its targeted asset allocation and\\ninvestment strategy.\"},{\"bbox\":[288.2,712.1,303.5,720.9],\"lines\":[{\"bbox\":[288.2,712.1,303.5,720.9],\"text\":\"201\"}],\"order\":27,\"text\":\"201\"}],\"doc\":\"fintabnet:EXC_2012\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"benefit obligation, including projected inflation rates (based on the CPI) and whether pre- and post-65 retiree populations can be\\naggregated in determining the premium values of health care benefits. Exelon reflected its best estimate of the expected impact in its\\nannual actuarial valuation.\\n\\nContributions\\n\\nThe following table provides contributions made by Exelon to the pension and other postretirement benefit plans:\\n\\nExelon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nPension Benefits\\n2012\\n2011\\n2010\\n\\nOther Postretirement Benefits\\n2012 (a)\\n2011 (a)\\n2010 (a)\\n\\n$149\\n\\n$323\\n\\n$2,094\\n\\n$766\\n\\n$277\\n\\n$203\\n\\n(a) Exelon presents the cash contributions above net of Federal subsidy payments received on its Consolidated Statements of Cash Flows. Exelon received Federal\\nsubsidy payments of $10 million in 2012, $11 million in 2011, and $10 million in 2010.\\n\\nExelon plans to contribute approximately $255 million to its qualified pension plans in 2013. Exelon plans to make non-qualified\\npension plan benefit payments of approximately $15 million in 2013. Management considers various factors when making pension\\nfunding decisions, including actuarially determined minimum contribution requirements under ERISA, contributions required to avoid\\nbenefit restrictions and at-risk status as defined by the Pension Protection Act of 2006 (the Act), management of the pension\\nobligation and regulatory implications. The Act requires the attainment of certain funding levels to avoid benefit restrictions (such as\\nan inability to pay lump sums or to accrue benefits prospectively), and at-risk status (which triggers higher minimum contribution\\nrequirements and participant notification). Additionally, for Exelon’s largest qualified pension plan, the projected contributions reflect\\na funding strategy of contributing the greater of $250 million, which approximates service cost, or the minimum amounts under\\nERISA to avoid benefit restrictions and at-risk status. This level funding strategy helps minimize volatility of future period required\\npension contributions. On July 6, 2012, President Obama signed into law the Moving Ahead for Progress in the Twenty-first Century\\nAct, which contains a pension funding provision that results in lower minimum pension contributions in the near term while increasing\\nthe premiums pension plans pay to the Pension Benefit Guaranty Corporation. Certain provisions of the law will be applied in 2012\\nwhile others take effect in 2013. The estimated impacts of the law are reflected in the projected pension contributions.\\n\\nUnlike the qualified pension plans, Exelon’s other postretirement plans are not subject to regulatory minimum contribution\\nrequirements. Management considers several factors in determining the level of contributions to Exelon’s other postretirement\\nbenefit plans, including levels of benefit claims paid and regulatory implications (amounts deemed prudent to meet regulatory\\nexpectations and best assure continued rate recovery). Exelon expects to contribute approximately $292 million to the other\\npostretirement benefit plans in 2013.\\n\\nEstimated Future Benefit Payments\\n\\nEstimated future benefit payments to participants in all of the pension plans and postretirement benefit plans at December 31, 2012\\nwere:\\n\\nPension\\nBenefits\\n\\nOther Postretirement\\nBenefits\\n\\n2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2018 through 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 943\\n807\\n891\\n868\\n902\\n5,161\\n\\n$ 197\\n204\\n212\\n220\\n231\\n1,330\\n\\nTotal estimated future benefit payments through 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$9,572\\n\\n$2,394\\n\\nPlan Assets\\n\\nInvestment Strategy. On a regular basis, Exelon evaluates its investment strategy to ensure that plan assets will be sufficient to pay\\nplan benefits when due. As part of this ongoing evaluation, Exelon may make changes to its targeted asset allocation and\\ninvestment strategy.\\n\\n201\",\"name\":\"fintabnet.EXC_2012_page_205__72dpi_heavy\",\"page_id\":\"fintabnet.EXC_2012_page_205\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-1.818,\"source\":\"fintabnet\",\"source_id\":\"EXC_2012_page_205\",\"stack\":[{\"deg\":-1.818,\"op\":\"skew\"},{\"amp\":0.334,\"angle\":22.6,\"blob\":0.697,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.565},{\"op\":\"noise\",\"sigma\":13.035},{\"gain\":0.6,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":42}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[34.9,513.0,565.9,632.1],\"block_orders\":[17,18,19,20,21,22,23,24],\"cells\":null}],\"text\":\"benefit obligation, including projected inflation rates (based on the CPI) and whether pre- and post-65 retiree populations can be\\naggregated in determining the premium values of health care benefits. Exelon reflected its best estimate of the expected impact in its\\nannual actuarial valuation.\\n\\nContributions\\n\\nThe following table provides contributions made by Exelon to the pension and other postretirement benefit plans:\\n\\nExelon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nPension Benefits\\n2012\\n2011\\n2010\\n\\nOther Postretirement Benefits\\n2012 (a)\\n2011 (a)\\n2010 (a)\\n\\n$149\\n\\n$323\\n\\n$2,094\\n\\n$766\\n\\n$277\\n\\n$203\\n\\n(a) Exelon presents the cash contributions above net of Federal subsidy payments received on its Consolidated Statements of Cash Flows. Exelon received Federal\\nsubsidy payments of $10 million in 2012, $11 million in 2011, and $10 million in 2010.\\n\\nExelon plans to contribute approximately $255 million to its qualified pension plans in 2013. Exelon plans to make non-qualified\\npension plan benefit payments of approximately $15 million in 2013. Management considers various factors when making pension\\nfunding decisions, including actuarially determined minimum contribution requirements under ERISA, contributions required to avoid\\nbenefit restrictions and at-risk status as defined by the Pension Protection Act of 2006 (the Act), management of the pension\\nobligation and regulatory implications. The Act requires the attainment of certain funding levels to avoid benefit restrictions (such as\\nan inability to pay lump sums or to accrue benefits prospectively), and at-risk status (which triggers higher minimum contribution\\nrequirements and participant notification). Additionally, for Exelon’s largest qualified pension plan, the projected contributions reflect\\na funding strategy of contributing the greater of $250 million, which approximates service cost, or the minimum amounts under\\nERISA to avoid benefit restrictions and at-risk status. This level funding strategy helps minimize volatility of future period required\\npension contributions. On July 6, 2012, President Obama signed into law the Moving Ahead for Progress in the Twenty-first Century\\nAct, which contains a pension funding provision that results in lower minimum pension contributions in the near term while increasing\\nthe premiums pension plans pay to the Pension Benefit Guaranty Corporation. Certain provisions of the law will be applied in 2012\\nwhile others take effect in 2013. The estimated impacts of the law are reflected in the projected pension contributions.\\n\\nUnlike the qualified pension plans, Exelon’s other postretirement plans are not subject to regulatory minimum contribution\\nrequirements. Management considers several factors in determining the level of contributions to Exelon’s other postretirement\\nbenefit plans, including levels of benefit claims paid and regulatory implications (amounts deemed prudent to meet regulatory\\nexpectations and best assure continued rate recovery). Exelon expects to contribute approximately $292 million to the other\\npostretirement benefit plans in 2013.\\n\\nEstimated Future Benefit Payments\\n\\nEstimated future benefit payments to participants in all of the pension plans and postretirement benefit plans at December 31, 2012\\nwere:\\n\\nPension\\nBenefits\\n\\nOther Postretirement\\nBenefits\\n\\n2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2018 through 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 943\\n807\\n891\\n868\\n902\\n5,161\\n\\n$ 197\\n204\\n212\\n220\\n231\\n1,330\\n\\nTotal estimated future benefit payments through 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$9,572\\n\\n$2,394\\n\\nPlan Assets\\n\\nInvestment Strategy. On a regular basis, Exelon evaluates its investment strategy to ensure that plan assets will be sufficient to pay\\nplan benefits when due. As part of this ongoing evaluation, Exelon may make changes to its targeted asset allocation and\\ninvestment strategy.\\n\\n201\"},\"name\":\"fintabnet.EXC_2012_page_205__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":41420,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:EXC_2012\",\"dpi\":72,\"gt_sha256\":\"d6d329a6f28c31d024dc003d2cd16ce28a4816bc1355a8b55a0b8ba1568a64f1\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.EXC_2012_page_205__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.EXC_2012_page_205\",\"pdf_sha256\":\"21922cff4c67fc0551a26755d5b14772941d9ceb36d96192230b04c62e59d6b3\",\"px\":[612,792],\"scan\":{\"render\":\"000020020000002e3c007ffe7ffe7fff7fff5807001f407f207f6fff017f00ff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"EXC_2012_page_205\",\"src\":{\"file_sha256\":\"3c19ab777e09475e298826beb3752a755cf44b921508311dc90449af7e29db8a\",\"render\":\"00007ffc6000007e7fc27ffe7ffe7ffe7ffe7800000e4008600c6ffe00000000\",\"text\":\"e3cb9b40761bd65c5dbe80f17257659c2c6c5d4591b57f47b797b75cf994cf2f\"},\"stack\":[{\"deg\":-1.818,\"op\":\"skew\"},{\"amp\":0.334,\"angle\":22.6,\"blob\":0.697,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.565},{\"op\":\"noise\",\"sigma\":13.035},{\"gain\":0.6,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":42}],\"tools\":\"21647cade0ee\"},\"sha256\":\"21922cff4c67fc0551a26755d5b14772941d9ceb36d96192230b04c62e59d6b3\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/21922cff4c67fc0551a26755d5b14772941d9ceb36d96192230b04c62e59d6b3.pdf","asset_sha256":"21922cff4c67fc0551a26755d5b14772941d9ceb36d96192230b04c62e59d6b3","document_id":"fintabnet:EXC_2012","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"EXC_2012_page_205\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FB_2014_page_55\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:FB_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[104.1,126.2,725.6,154.8],\"lines\":[{\"bbox\":[104.1,126.2,725.6,154.8],\"text\":\"Item 8. Financial Statements and Supplementary Data\"}],\"order\":0,\"text\":\"Item 8. Financial Statements and Supplementary Data\"},{\"bbox\":[708.5,187.7,925.9,212.8],\"lines\":[{\"bbox\":[708.5,187.7,925.9,212.8],\"text\":\"FACEBOOK, INC.\"}],\"order\":1,\"text\":\"FACEBOOK, INC.\"},{\"bbox\":[475.1,249.0,1160.6,278.2],\"lines\":[{\"bbox\":[475.1,249.0,1160.6,278.2],\"text\":\"INDEX TO CONSOLIDATED FINANCIAL STATEMENTS\"}],\"order\":2,\"text\":\"INDEX TO CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[114.2,367.8,741.7,397.4],\"lines\":[{\"bbox\":[114.2,367.8,741.7,397.4],\"text\":\"Reports of Independent Registered Public Accounting Firm\"}],\"order\":3,\"text\":\"Reports of Independent Registered Public Accounting Firm\"},{\"bbox\":[1441.5,361.4,1468.1,385.6],\"lines\":[{\"bbox\":[1441.5,361.4,1468.1,385.6],\"text\":\"54\"}],\"order\":4,\"text\":\"54\"},{\"bbox\":[114.7,422.8,488.7,450.1],\"lines\":[{\"bbox\":[114.7,422.8,488.7,450.1],\"text\":\"Consolidated Financial Statements:\"}],\"order\":5,\"text\":\"Consolidated Financial Statements:\"},{\"bbox\":[115.1,476.2,421.7,502.9],\"lines\":[{\"bbox\":[115.1,476.2,421.7,502.9],\"text\":\"Consolidated Balance Sheets\"}],\"order\":6,\"text\":\"Consolidated Balance Sheets\"},{\"bbox\":[1442.4,466.9,1469.0,491.2],\"lines\":[{\"bbox\":[1442.4,466.9,1469.0,491.2],\"text\":\"56\"}],\"order\":7,\"text\":\"56\"},{\"bbox\":[115.6,528.3,491.8,555.7],\"lines\":[{\"bbox\":[115.6,528.3,491.8,555.7],\"text\":\"Consolidated Statements of Income\"}],\"order\":8,\"text\":\"Consolidated Statements of Income\"},{\"bbox\":[1442.9,519.7,1469.5,544.0],\"lines\":[{\"bbox\":[1442.9,519.7,1469.5,544.0],\"text\":\"57\"}],\"order\":9,\"text\":\"57\"},{\"bbox\":[116.0,574.3,664.5,603.2],\"lines\":[{\"bbox\":[116.0,574.3,664.5,603.2],\"text\":\"Consolidated Statements of Comprehensive Income\"}],\"order\":10,\"text\":\"Consolidated Statements of Comprehensive Income\"},{\"bbox\":[1443.3,567.2,1469.9,591.5],\"lines\":[{\"bbox\":[1443.3,567.2,1469.9,591.5],\"text\":\"58\"}],\"order\":11,\"text\":\"58\"},{\"bbox\":[116.5,627.4,633.1,656.0],\"lines\":[{\"bbox\":[116.5,627.4,633.1,656.0],\"text\":\"Consolidated Statements of Stockholders' Equity\"}],\"order\":12,\"text\":\"Consolidated Statements of Stockholders' Equity\"},{\"bbox\":[1443.8,620.0,1470.4,644.2],\"lines\":[{\"bbox\":[1443.8,620.0,1470.4,644.2],\"text\":\"59\"}],\"order\":13,\"text\":\"59\"},{\"bbox\":[116.9,681.0,537.9,708.7],\"lines\":[{\"bbox\":[116.9,681.0,537.9,708.7],\"text\":\"Consolidated Statements of Cash Flows\"}],\"order\":14,\"text\":\"Consolidated Statements of Cash Flows\"},{\"bbox\":[1444.3,672.7,1470.9,697.0],\"lines\":[{\"bbox\":[1444.3,672.7,1470.9,697.0],\"text\":\"60\"}],\"order\":15,\"text\":\"60\"},{\"bbox\":[117.4,733.4,579.4,761.5],\"lines\":[{\"bbox\":[117.4,733.4,579.4,761.5],\"text\":\"Notes to Consolidated Financial Statements\"}],\"order\":16,\"text\":\"Notes to Consolidated Financial Statements\"},{\"bbox\":[1444.7,725.5,1471.3,749.8],\"lines\":[{\"bbox\":[1444.7,725.5,1471.3,749.8],\"text\":\"62\"}],\"order\":17,\"text\":\"62\"},{\"bbox\":[110.3,818.0,1535.8,886.3],\"lines\":[{\"bbox\":[110.3,818.0,1535.5,854.6],\"text\":\"The supplementary financial information required by this Item 8, is included in Part II, Item 7 under the caption \\\"Quarterly Results of\"},{\"bbox\":[110.6,856.6,752.4,886.3],\"text\":\"Operations Data,\\\" which is incorporated herein by reference.\"}],\"order\":18,\"text\":\"The supplementary financial information required by this Item 8, is included in Part II, Item 7 under the caption \\\"Quarterly Results of\\nOperations Data,\\\" which is incorporated herein by reference.\"}],\"doc\":\"fintabnet:FB_2014\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"Item 8. Financial Statements and Supplementary Data\\n\\nFACEBOOK, INC.\\n\\nINDEX TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\n| Reports of Independent Registered Public Accounting Firm | 54 |\\n| --- | --- |\\n| Consolidated Financial Statements: |  |\\n| Consolidated Balance Sheets | 56 |\\n| Consolidated Statements of Income | 57 |\\n| Consolidated Statements of Comprehensive Income | 58 |\\n| Consolidated Statements of Stockholders' Equity | 59 |\\n| Consolidated Statements of Cash Flows | 60 |\\n| Notes to Consolidated Financial Statements | 62 |\\n\\nThe supplementary financial information required by this Item 8, is included in Part II, Item 7 under the caption \\\"Quarterly Results of\\nOperations Data,\\\" which is incorporated herein by reference.\",\"name\":\"fintabnet.FB_2014_page_55__200dpi_mild\",\"page_id\":\"fintabnet.FB_2014_page_55\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.506,\"source\":\"fintabnet\",\"source_id\":\"FB_2014_page_55\",\"stack\":[{\"deg\":0.506,\"op\":\"skew\"},{\"amp\":0.059,\"angle\":220.4,\"blob\":0.442,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.577},{\"op\":\"noise\",\"sigma\":2.334},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[114.1,350.7,1471.3,761.5],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17],\"cells\":[{\"bbox\":[114.2,365.4,741.8,397.4],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\"Reports of Independent Registered Public Accounting Firm\"},{\"bbox\":[1441.5,359.0,1468.1,385.6],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"54\"},{\"bbox\":[114.6,420.4,488.7,450.1],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Consolidated Financial Statements:\"},{\"bbox\":[115.1,473.8,421.7,502.9],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Consolidated Balance Sheets\"},{\"bbox\":[1442.4,464.5,1469.1,491.2],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"56\"},{\"bbox\":[115.6,526.0,491.8,555.7],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Consolidated Statements of Income\"},{\"bbox\":[1442.9,517.3,1469.5,544.0],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"57\"},{\"bbox\":[116.0,571.9,664.5,603.2],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Consolidated Statements of Comprehensive Income\"},{\"bbox\":[1443.3,564.8,1469.9,591.5],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"58\"},{\"bbox\":[116.5,625.0,633.1,656.0],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Consolidated Statements of Stockholders' Equity\"},{\"bbox\":[1443.8,617.6,1470.4,644.2],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"59\"},{\"bbox\":[116.9,678.6,537.9,708.7],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Consolidated Statements of Cash Flows\"},{\"bbox\":[1444.2,670.4,1470.9,697.0],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"60\"},{\"bbox\":[117.4,731.0,579.4,761.5],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Notes to Consolidated Financial Statements\"},{\"bbox\":[1444.7,723.1,1471.3,749.8],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"62\"}]}],\"text\":\"Item 8. Financial Statements and Supplementary Data\\n\\nFACEBOOK, INC.\\n\\nINDEX TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\nReports of Independent Registered Public Accounting Firm\\n\\n54\\n\\nConsolidated Financial Statements:\\n\\nConsolidated Balance Sheets\\n\\n56\\n\\nConsolidated Statements of Income\\n\\n57\\n\\nConsolidated Statements of Comprehensive Income\\n\\n58\\n\\nConsolidated Statements of Stockholders' Equity\\n\\n59\\n\\nConsolidated Statements of Cash Flows\\n\\n60\\n\\nNotes to Consolidated Financial Statements\\n\\n62\\n\\nThe supplementary financial information required by this Item 8, is included in Part II, Item 7 under the caption \\\"Quarterly Results of\\nOperations Data,\\\" which is incorporated herein by reference.\"},\"name\":\"fintabnet.FB_2014_page_55__200dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":1859390,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:FB_2014\",\"dpi\":200,\"gt_sha256\":\"5e35e6fce9298cd10d8932c4c81cd9aead3840fe96b5d29f381396e044097b04\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.FB_2014_page_55__200dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.FB_2014_page_55\",\"pdf_sha256\":\"92e8117d2daf6bf97da49ab86d7468771e95b081c521afdb20e764fedbc05bc5\",\"px\":[1650,2150],\"scan\":{\"render\":\"fe00fff0ff00f802fe02fc027ffe000000000000000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"FB_2014_page_55\",\"src\":{\"file_sha256\":\"74314e3ac68fac34f9d9bd00d185da343f88e6e74dc2fbd82873615cdd91860b\",\"render\":\"22007fe07e0078027e027c027ffe000000000000000000000000000000000000\",\"text\":\"bf04f97568b9ba37f3157281308866887ed39e5895a361ae014571556ad3ea27\"},\"stack\":[{\"deg\":0.506,\"op\":\"skew\"},{\"amp\":0.059,\"angle\":220.4,\"blob\":0.442,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.577},{\"op\":\"noise\",\"sigma\":2.334},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"92e8117d2daf6bf97da49ab86d7468771e95b081c521afdb20e764fedbc05bc5\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/92e8117d2daf6bf97da49ab86d7468771e95b081c521afdb20e764fedbc05bc5.pdf","asset_sha256":"92e8117d2daf6bf97da49ab86d7468771e95b081c521afdb20e764fedbc05bc5","document_id":"fintabnet:FB_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FB_2014_page_55\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FB_2014_page_83\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:FB_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[168.8,187.3,2306.4,460.9],\"lines\":[{\"bbox\":[275.6,187.3,2306.3,223.4],\"text\":\"We are subject to taxation in the United States and various other state and foreign jurisdictions. The material jurisdictions in which\"},{\"bbox\":[168.8,234.8,2306.3,270.9],\"text\":\"we are subject to potential examination include the United States and Ireland. We are under examination by the Internal Revenue Service\"},{\"bbox\":[168.8,282.3,2306.4,318.4],\"text\":\"(IRS) for our 2008 through 2010 tax years. We believe that adequate amounts have been reserved for any adjustments that may ultimately\"},{\"bbox\":[168.8,329.8,2306.3,365.9],\"text\":\"result from these examinations and we do not anticipate a significant impact to our gross unrecognized tax benefits within the next 12\"},{\"bbox\":[168.8,377.3,2306.3,413.4],\"text\":\"months related to these years. Our 2011 through 2014 tax years remain subject to examination by the IRS and all tax years starting in\"},{\"bbox\":[168.8,424.8,908.5,460.9],\"text\":\"2008 remain subject to examination in Ireland.\"}],\"order\":0,\"text\":\"We are subject to taxation in the United States and various other state and foreign jurisdictions. The material jurisdictions in which\\nwe are subject to potential examination include the United States and Ireland. We are under examination by the Internal Revenue Service\\n(IRS) for our 2008 through 2010 tax years. We believe that adequate amounts have been reserved for any adjustments that may ultimately\\nresult from these examinations and we do not anticipate a significant impact to our gross unrecognized tax benefits within the next 12\\nmonths related to these years. Our 2011 through 2014 tax years remain subject to examination by the IRS and all tax years starting in\\n2008 remain subject to examination in Ireland.\"},{\"bbox\":[168.8,507.9,2306.3,686.5],\"lines\":[{\"bbox\":[275.6,507.9,2306.3,544.0],\"text\":\"Although the timing of the resolution, settlement, and closure of any audits is highly uncertain, it is reasonably possible that the\"},{\"bbox\":[168.8,555.4,2306.3,591.5],\"text\":\"balance of gross unrecognized tax benefits could significantly change in the next 12 months. However, given the number of years remaining\"},{\"bbox\":[168.8,602.9,2306.3,639.0],\"text\":\"that are subject to examination, we are unable to estimate the full range of possible adjustments to the balance of gross unrecognized tax\"},{\"bbox\":[168.8,650.4,304.0,686.5],\"text\":\"benefits.\"}],\"order\":1,\"text\":\"Although the timing of the resolution, settlement, and closure of any audits is highly uncertain, it is reasonably possible that the\\nbalance of gross unrecognized tax benefits could significantly change in the next 12 months. However, given the number of years remaining\\nthat are subject to examination, we are unable to estimate the full range of possible adjustments to the balance of gross unrecognized tax\\nbenefits.\"},{\"bbox\":[168.8,734.8,307.3,769.6],\"lines\":[{\"bbox\":[168.8,734.8,307.3,769.6],\"text\":\"Note 14.\"}],\"order\":2,\"text\":\"Note 14.\"},{\"bbox\":[346.9,734.8,792.2,769.6],\"lines\":[{\"bbox\":[346.9,734.8,792.2,769.6],\"text\":\"Geographical Information\"}],\"order\":3,\"text\":\"Geographical Information\"},{\"bbox\":[168.8,816.7,2306.3,900.2],\"lines\":[{\"bbox\":[275.6,816.7,2306.3,852.7],\"text\":\"Revenue by geography is based on the billing address of the advertiser or developer. The following table sets forth revenue and\"},{\"bbox\":[168.8,864.2,1143.8,900.2],\"text\":\"property and equipment, net by geographic area (in millions):\"}],\"order\":4,\"text\":\"Revenue by geography is based on the billing address of the advertiser or developer. The following table sets forth revenue and\\nproperty and equipment, net by geographic area (in millions):\"},{\"bbox\":[1725.2,1010.3,2080.5,1038.1],\"lines\":[{\"bbox\":[1725.2,1010.3,2080.5,1038.1],\"text\":\"Year Ended December 31,\"}],\"order\":5,\"text\":\"Year Ended December 31,\"},{\"bbox\":[1595.7,1061.8,1659.1,1089.6],\"lines\":[{\"bbox\":[1595.7,1061.8,1659.1,1089.6],\"text\":\"2014\"}],\"order\":6,\"text\":\"2014\"},{\"bbox\":[176.7,1112.9,527.9,1267.7],\"lines\":[{\"bbox\":[176.7,1112.9,326.2,1148.9],\"text\":\"Revenue:\"},{\"bbox\":[224.2,1172.3,436.4,1208.3],\"text\":\"United States\"},{\"bbox\":[224.2,1223.3,527.9,1267.7],\"text\":\"Rest of the world (1)\"}],\"order\":7,\"text\":\"Revenue:\\nUnited States\\nRest of the world (1)\"},{\"bbox\":[1510.6,1172.3,1530.4,1208.3],\"lines\":[{\"bbox\":[1510.6,1172.3,1530.4,1208.3],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[1653.7,1172.3,1742.8,1208.3],\"lines\":[{\"bbox\":[1653.7,1172.3,1742.8,1208.3],\"text\":\"5,649\"}],\"order\":9,\"text\":\"5,649\"},{\"bbox\":[176.7,1291.0,395.4,1327.1],\"lines\":[{\"bbox\":[176.7,1291.0,395.4,1327.1],\"text\":\"Total revenue\"}],\"order\":10,\"text\":\"Total revenue\"},{\"bbox\":[1510.6,1291.0,1530.4,1327.1],\"lines\":[{\"bbox\":[1510.6,1291.0,1530.4,1327.1],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[1633.9,1231.6,1742.8,1327.1],\"lines\":[{\"bbox\":[1653.7,1231.6,1742.8,1267.7],\"text\":\"6,817\"},{\"bbox\":[1633.9,1291.0,1742.8,1327.1],\"text\":\"12,466\"}],\"order\":12,\"text\":\"6,817\\n12,466\"},{\"bbox\":[164.8,1375.1,197.1,1400.4],\"lines\":[{\"bbox\":[164.8,1375.1,197.1,1400.4],\"text\":\"(1)\"}],\"order\":13,\"text\":\"(1)\"},{\"bbox\":[1868.9,1061.8,1932.2,1089.6],\"lines\":[{\"bbox\":[1868.9,1061.8,1932.2,1089.6],\"text\":\"2013\"}],\"order\":14,\"text\":\"2013\"},{\"bbox\":[2142.0,1061.8,2205.3,1089.6],\"lines\":[{\"bbox\":[2142.0,1061.8,2205.3,1089.6],\"text\":\"2012\"}],\"order\":15,\"text\":\"2012\"},{\"bbox\":[1783.8,1172.3,1803.5,1208.3],\"lines\":[{\"bbox\":[1783.8,1172.3,1803.5,1208.3],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[1926.8,1172.3,2015.9,1208.3],\"lines\":[{\"bbox\":[1926.8,1172.3,2015.9,1208.3],\"text\":\"3,613\"}],\"order\":17,\"text\":\"3,613\"},{\"bbox\":[1783.8,1291.0,1803.5,1327.1],\"lines\":[{\"bbox\":[1783.8,1291.0,1803.5,1327.1],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[1926.8,1231.6,2015.9,1327.1],\"lines\":[{\"bbox\":[1926.8,1231.6,2015.9,1267.7],\"text\":\"4,259\"},{\"bbox\":[1926.8,1291.0,2015.9,1327.1],\"text\":\"7,872\"}],\"order\":19,\"text\":\"4,259\\n7,872\"},{\"bbox\":[2056.9,1172.3,2076.7,1208.3],\"lines\":[{\"bbox\":[2056.9,1172.3,2076.7,1208.3],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[2200.0,1172.3,2289.0,1208.3],\"lines\":[{\"bbox\":[2200.0,1172.3,2289.0,1208.3],\"text\":\"2,578\"}],\"order\":21,\"text\":\"2,578\"},{\"bbox\":[2056.9,1291.0,2076.7,1327.1],\"lines\":[{\"bbox\":[2056.9,1291.0,2076.7,1327.1],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[2200.0,1231.6,2289.0,1327.1],\"lines\":[{\"bbox\":[2200.0,1231.6,2289.0,1267.7],\"text\":\"2,511\"},{\"bbox\":[2200.0,1291.0,2289.0,1327.1],\"text\":\"5,089\"}],\"order\":23,\"text\":\"2,511\\n5,089\"},{\"bbox\":[240.0,1369.6,1818.6,1402.1],\"lines\":[{\"bbox\":[240.0,1369.6,1818.6,1402.1],\"text\":\"No individual country, other than disclosed above, exceeded 10% of our total revenue for any period presented\"}],\"order\":24,\"text\":\"No individual country, other than disclosed above, exceeded 10% of our total revenue for any period presented\"},{\"bbox\":[1976.7,1526.5,2161.4,1554.3],\"lines\":[{\"bbox\":[1976.7,1526.5,2161.4,1554.3],\"text\":\"December 31,\"}],\"order\":25,\"text\":\"December 31,\"},{\"bbox\":[1914.4,1577.9,1977.7,1605.8],\"lines\":[{\"bbox\":[1914.4,1577.9,1977.7,1605.8],\"text\":\"2014\"}],\"order\":26,\"text\":\"2014\"},{\"bbox\":[180.6,1629.0,720.4,1902.6],\"lines\":[{\"bbox\":[180.6,1629.0,640.2,1665.1],\"text\":\"Property and equipment, net:\"},{\"bbox\":[228.1,1688.4,440.3,1724.5],\"text\":\"United States\"},{\"bbox\":[228.1,1747.8,353.4,1783.9],\"text\":\"Sweden\"},{\"bbox\":[228.1,1807.2,501.9,1843.2],\"text\":\"Rest of the world\"},{\"bbox\":[180.6,1866.5,720.4,1902.6],\"text\":\"Total property and equipment, net\"}],\"order\":27,\"text\":\"Property and equipment, net:\\nUnited States\\nSweden\\nRest of the world\\nTotal property and equipment, net\"},{\"bbox\":[1843.1,1688.4,1862.9,1724.5],\"lines\":[{\"bbox\":[1843.1,1688.4,1862.9,1724.5],\"text\":\"$\"}],\"order\":28,\"text\":\"$\"},{\"bbox\":[1843.1,1866.5,1862.9,1902.6],\"lines\":[{\"bbox\":[1843.1,1866.5,1862.9,1902.6],\"text\":\"$\"}],\"order\":29,\"text\":\"$\"},{\"bbox\":[1217.7,3055.1,1257.3,3091.2],\"lines\":[{\"bbox\":[1217.7,3055.1,1257.3,3091.2],\"text\":\"81\"}],\"order\":30,\"text\":\"81\"},{\"bbox\":[1958.5,1688.4,2047.6,1902.6],\"lines\":[{\"bbox\":[1958.5,1688.4,2047.6,1724.5],\"text\":\"3,256\"},{\"bbox\":[1988.2,1747.8,2047.6,1783.9],\"text\":\"514\"},{\"bbox\":[1988.2,1807.2,2047.6,1843.2],\"text\":\"197\"},{\"bbox\":[1958.5,1866.5,2047.6,1902.6],\"text\":\"3,967\"}],\"order\":31,\"text\":\"3,256\\n514\\n197\\n3,967\"},{\"bbox\":[2159.8,1577.9,2223.1,1605.8],\"lines\":[{\"bbox\":[2159.8,1577.9,2223.1,1605.8],\"text\":\"2013\"}],\"order\":32,\"text\":\"2013\"},{\"bbox\":[2088.5,1688.4,2108.3,1724.5],\"lines\":[{\"bbox\":[2088.5,1688.4,2108.3,1724.5],\"text\":\"$\"}],\"order\":33,\"text\":\"$\"},{\"bbox\":[2088.5,1866.5,2108.3,1902.6],\"lines\":[{\"bbox\":[2088.5,1866.5,2108.3,1902.6],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[2203.9,1688.4,2293.0,1902.6],\"lines\":[{\"bbox\":[2203.9,1688.4,2293.0,1724.5],\"text\":\"2,368\"},{\"bbox\":[2233.6,1747.8,2293.0,1783.9],\"text\":\"415\"},{\"bbox\":[2253.4,1807.2,2293.0,1843.2],\"text\":\"99\"},{\"bbox\":[2203.9,1866.5,2293.0,1902.6],\"text\":\"2,882\"}],\"order\":35,\"text\":\"2,368\\n415\\n99\\n2,882\"}],\"doc\":\"fintabnet:FB_2014\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"We are subject to taxation in the United States and various other state and foreign jurisdictions. The material jurisdictions in which\\nwe are subject to potential examination include the United States and Ireland. We are under examination by the Internal Revenue Service\\n(IRS) for our 2008 through 2010 tax years. We believe that adequate amounts have been reserved for any adjustments that may ultimately\\nresult from these examinations and we do not anticipate a significant impact to our gross unrecognized tax benefits within the next 12\\nmonths related to these years. Our 2011 through 2014 tax years remain subject to examination by the IRS and all tax years starting in\\n2008 remain subject to examination in Ireland.\\n\\nAlthough the timing of the resolution, settlement, and closure of any audits is highly uncertain, it is reasonably possible that the\\nbalance of gross unrecognized tax benefits could significantly change in the next 12 months. However, given the number of years remaining\\nthat are subject to examination, we are unable to estimate the full range of possible adjustments to the balance of gross unrecognized tax\\nbenefits.\\n\\nNote 14.\\n\\nGeographical Information\\n\\nRevenue by geography is based on the billing address of the advertiser or developer. The following table sets forth revenue and\\nproperty and equipment, net by geographic area (in millions):\\n\\nYear Ended December 31,\\n\\n2014\\n\\nRevenue:\\nUnited States\\nRest of the world (1)\\n\\n$\\n\\n5,649\\n\\nTotal revenue\\n\\n$\\n\\n6,817\\n12,466\\n\\n(1)\\n\\n2013\\n\\n2012\\n\\n$\\n\\n3,613\\n\\n$\\n\\n4,259\\n7,872\\n\\n$\\n\\n2,578\\n\\n$\\n\\n2,511\\n5,089\\n\\nNo individual country, other than disclosed above, exceeded 10% of our total revenue for any period presented\\n\\nDecember 31,\\n\\n2014\\n\\nProperty and equipment, net:\\nUnited States\\nSweden\\nRest of the world\\nTotal property and equipment, net\\n\\n$\\n\\n$\\n\\n81\\n\\n3,256\\n514\\n197\\n3,967\\n\\n2013\\n\\n$\\n\\n$\\n\\n2,368\\n415\\n99\\n2,882\",\"name\":\"fintabnet.FB_2014_page_83__300dpi_none\",\"page_id\":\"fintabnet.FB_2014_page_83\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"FB_2014_page_83\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[180.6,1515.0,2293.0,1906.2],\"block_orders\":[25,26,27,28,29,31,32,33,34,35],\"cells\":null}],\"text\":\"We are subject to taxation in the United States and various other state and foreign jurisdictions. The material jurisdictions in which\\nwe are subject to potential examination include the United States and Ireland. We are under examination by the Internal Revenue Service\\n(IRS) for our 2008 through 2010 tax years. We believe that adequate amounts have been reserved for any adjustments that may ultimately\\nresult from these examinations and we do not anticipate a significant impact to our gross unrecognized tax benefits within the next 12\\nmonths related to these years. Our 2011 through 2014 tax years remain subject to examination by the IRS and all tax years starting in\\n2008 remain subject to examination in Ireland.\\n\\nAlthough the timing of the resolution, settlement, and closure of any audits is highly uncertain, it is reasonably possible that the\\nbalance of gross unrecognized tax benefits could significantly change in the next 12 months. However, given the number of years remaining\\nthat are subject to examination, we are unable to estimate the full range of possible adjustments to the balance of gross unrecognized tax\\nbenefits.\\n\\nNote 14.\\n\\nGeographical Information\\n\\nRevenue by geography is based on the billing address of the advertiser or developer. The following table sets forth revenue and\\nproperty and equipment, net by geographic area (in millions):\\n\\nYear Ended December 31,\\n\\n2014\\n\\nRevenue:\\nUnited States\\nRest of the world (1)\\n\\n$\\n\\n5,649\\n\\nTotal revenue\\n\\n$\\n\\n6,817\\n12,466\\n\\n(1)\\n\\n2013\\n\\n2012\\n\\n$\\n\\n3,613\\n\\n$\\n\\n4,259\\n7,872\\n\\n$\\n\\n2,578\\n\\n$\\n\\n2,511\\n5,089\\n\\nNo individual country, other than disclosed above, exceeded 10% of our total revenue for any period presented\\n\\nDecember 31,\\n\\n2014\\n\\nProperty and equipment, net:\\nUnited States\\nSweden\\nRest of the world\\nTotal property and equipment, net\\n\\n$\\n\\n$\\n\\n81\\n\\n3,256\\n514\\n197\\n3,967\\n\\n2013\\n\\n$\\n\\n$\\n\\n2,368\\n415\\n99\\n2,882\"},\"name\":\"fintabnet.FB_2014_page_83__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":156187,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:FB_2014\",\"dpi\":300,\"gt_sha256\":\"97f9d5229244fcbf9ec8ec56d4a063f4a2c2af6374ccff2f8f78f62fb5514d2f\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.FB_2014_page_83__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.FB_2014_page_83\",\"pdf_sha256\":\"b46cf678560ba6420105999c79ec7fd37561495f6bd9525cad21df78298e70b0\",\"px\":[2475,3225],\"scan\":{\"render\":\"00007ffe7ffe7c007f00607e7ffe000c7ffe780e000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"FB_2014_page_83\",\"src\":{\"file_sha256\":\"eb7a5b8c2fe696e18f62057080dcf81b9b90044d9e5be0028e1d91192732121e\",\"render\":\"00007ffe7ffe78007f00607e7ffe000e7ffe781e000000000000000000000000\",\"text\":\"7a9a9b875e0ad3081e182bd5ea8b5bfeda3bb59b3206646708c8709169a36f26\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b46cf678560ba6420105999c79ec7fd37561495f6bd9525cad21df78298e70b0\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b46cf678560ba6420105999c79ec7fd37561495f6bd9525cad21df78298e70b0.pdf","asset_sha256":"b46cf678560ba6420105999c79ec7fd37561495f6bd9525cad21df78298e70b0","document_id":"fintabnet:FB_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FB_2014_page_83\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FE_2011_page_105\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:FE_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[35.6,32.8,548.0,73.1],\"lines\":[{\"bbox\":[35.6,32.8,547.5,62.3],\"text\":\"The following table provides a reconciliation of changes in the fair value of OPEB trust investments classified as Level 3 in the fair\"},{\"bbox\":[36.1,58.4,189.2,73.1],\"text\":\"value hierarchy during 2011 and 2010:\"}],\"order\":0,\"text\":\"The following table provides a reconciliation of changes in the fair value of OPEB trust investments classified as Level 3 in the fair\\nvalue hierarchy during 2011 and 2010:\"},{\"bbox\":[315.1,70.9,375.8,90.6],\"lines\":[{\"bbox\":[315.1,70.9,375.4,81.7],\"text\":\"Private Equity\"},{\"bbox\":[332.0,80.5,359.3,90.0],\"text\":\"Funds\"}],\"order\":1,\"text\":\"Private Equity\\nFunds\"},{\"bbox\":[397.8,67.9,447.0,87.2],\"lines\":[{\"bbox\":[397.8,67.9,446.6,78.2],\"text\":\"Real Estate\"},{\"bbox\":[409.0,77.3,436.3,86.8],\"text\":\"Funds\"}],\"order\":2,\"text\":\"Real Estate\\nFunds\"},{\"bbox\":[359.3,92.4,410.1,102.8],\"lines\":[{\"bbox\":[359.3,92.4,410.1,102.8],\"text\":\"(in millions)\"}],\"order\":3,\"text\":\"(in millions)\"},{\"bbox\":[129.4,113.0,251.2,126.4],\"lines\":[{\"bbox\":[129.4,113.0,251.2,126.4],\"text\":\"Balance as of January 1, 2010\"}],\"order\":4,\"text\":\"Balance as of January 1, 2010\"},{\"bbox\":[313.2,110.2,318.5,118.8],\"lines\":[{\"bbox\":[313.2,110.2,318.5,118.8],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[375.1,107.7,380.4,116.2],\"lines\":[{\"bbox\":[375.1,107.7,380.4,116.2],\"text\":\"4\"}],\"order\":6,\"text\":\"4\"},{\"bbox\":[390.1,107.1,395.5,115.6],\"lines\":[{\"bbox\":[390.1,107.1,395.5,115.6],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[452.0,104.5,457.4,113.0],\"lines\":[{\"bbox\":[452.0,104.5,457.4,113.0],\"text\":\"7\"}],\"order\":8,\"text\":\"7\"},{\"bbox\":[135.9,127.1,250.2,140.1],\"lines\":[{\"bbox\":[135.9,127.1,250.2,140.1],\"text\":\"Actual return on plan assets:\"}],\"order\":9,\"text\":\"Actual return on plan assets:\"},{\"bbox\":[142.5,141.4,243.8,153.9],\"lines\":[{\"bbox\":[142.5,141.4,243.8,153.9],\"text\":\"Unrealized gains (losses)\"}],\"order\":10,\"text\":\"Unrealized gains (losses)\"},{\"bbox\":[372.3,135.7,381.6,144.3],\"lines\":[{\"bbox\":[372.3,135.7,381.6,144.3],\"text\":\"—\"}],\"order\":11,\"text\":\"—\"},{\"bbox\":[449.2,132.5,458.6,141.2],\"lines\":[{\"bbox\":[449.2,132.5,458.6,141.2],\"text\":\"—\"}],\"order\":12,\"text\":\"—\"},{\"bbox\":[143.1,155.7,236.4,167.8],\"lines\":[{\"bbox\":[143.1,155.7,236.4,167.8],\"text\":\"Realized gains (losses)\"}],\"order\":13,\"text\":\"Realized gains (losses)\"},{\"bbox\":[372.9,149.6,382.2,158.3],\"lines\":[{\"bbox\":[372.9,149.6,382.2,158.3],\"text\":\"—\"}],\"order\":14,\"text\":\"—\"},{\"bbox\":[453.8,146.5,459.1,155.0],\"lines\":[{\"bbox\":[453.8,146.5,459.1,155.0],\"text\":\"2\"}],\"order\":15,\"text\":\"2\"},{\"bbox\":[137.7,168.2,272.5,182.1],\"lines\":[{\"bbox\":[137.7,168.2,272.5,182.1],\"text\":\"Purchases, sales and settlements\"}],\"order\":16,\"text\":\"Purchases, sales and settlements\"},{\"bbox\":[374.4,163.5,385.8,172.3],\"lines\":[{\"bbox\":[374.4,163.5,385.8,172.3],\"text\":\"(1)\"}],\"order\":17,\"text\":\"(1)\"},{\"bbox\":[450.4,160.4,459.7,169.1],\"lines\":[{\"bbox\":[450.4,160.4,459.7,169.1],\"text\":\"—\"}],\"order\":18,\"text\":\"—\"},{\"bbox\":[138.2,184.9,207.0,196.1],\"lines\":[{\"bbox\":[138.2,184.9,207.0,196.1],\"text\":\"Transfers in (out)\"}],\"order\":19,\"text\":\"Transfers in (out)\"},{\"bbox\":[374.0,177.6,383.4,186.3],\"lines\":[{\"bbox\":[374.0,177.6,383.4,186.3],\"text\":\"—\"}],\"order\":20,\"text\":\"—\"},{\"bbox\":[451.0,174.4,460.3,183.1],\"lines\":[{\"bbox\":[451.0,174.4,460.3,183.1],\"text\":\"—\"}],\"order\":21,\"text\":\"—\"},{\"bbox\":[132.8,196.4,269.1,210.3],\"lines\":[{\"bbox\":[132.8,196.4,269.1,210.3],\"text\":\"Balance as of December 31, 2010\"}],\"order\":22,\"text\":\"Balance as of December 31, 2010\"},{\"bbox\":[378.6,191.6,383.9,200.1],\"lines\":[{\"bbox\":[378.6,191.6,383.9,200.1],\"text\":\"3\"}],\"order\":23,\"text\":\"3\"},{\"bbox\":[455.5,188.4,460.8,196.9],\"lines\":[{\"bbox\":[455.5,188.4,460.8,196.9],\"text\":\"9\"}],\"order\":24,\"text\":\"9\"},{\"bbox\":[139.4,211.0,253.7,224.0],\"lines\":[{\"bbox\":[139.4,211.0,253.7,224.0],\"text\":\"Actual return on plan assets:\"}],\"order\":25,\"text\":\"Actual return on plan assets:\"},{\"bbox\":[146.0,226.7,213.3,237.8],\"lines\":[{\"bbox\":[146.0,226.7,213.3,237.8],\"text\":\"Unrealized gains\"}],\"order\":26,\"text\":\"Unrealized gains\"},{\"bbox\":[375.8,219.6,385.1,228.3],\"lines\":[{\"bbox\":[375.8,219.6,385.1,228.3],\"text\":\"—\"}],\"order\":27,\"text\":\"—\"},{\"bbox\":[456.7,216.4,462.0,224.9],\"lines\":[{\"bbox\":[456.7,216.4,462.0,224.9],\"text\":\"1\"}],\"order\":28,\"text\":\"1\"},{\"bbox\":[146.6,239.6,239.8,251.8],\"lines\":[{\"bbox\":[146.6,239.6,239.8,251.8],\"text\":\"Realized gains (losses)\"}],\"order\":29,\"text\":\"Realized gains (losses)\"},{\"bbox\":[376.4,233.6,385.7,242.3],\"lines\":[{\"bbox\":[376.4,233.6,385.7,242.3],\"text\":\"—\"}],\"order\":30,\"text\":\"—\"},{\"bbox\":[453.3,230.4,462.6,239.1],\"lines\":[{\"bbox\":[453.3,230.4,462.6,239.1],\"text\":\"—\"}],\"order\":31,\"text\":\"—\"},{\"bbox\":[141.1,252.1,275.9,266.0],\"lines\":[{\"bbox\":[141.1,252.1,275.9,266.0],\"text\":\"Purchases, sales and settlements\"}],\"order\":32,\"text\":\"Purchases, sales and settlements\"},{\"bbox\":[376.9,247.6,386.3,256.2],\"lines\":[{\"bbox\":[376.9,247.6,386.3,256.2],\"text\":\"—\"}],\"order\":33,\"text\":\"—\"},{\"bbox\":[453.9,244.4,463.2,253.1],\"lines\":[{\"bbox\":[453.9,244.4,463.2,253.1],\"text\":\"—\"}],\"order\":34,\"text\":\"—\"},{\"bbox\":[141.7,268.8,210.5,280.0],\"lines\":[{\"bbox\":[141.7,268.8,210.5,280.0],\"text\":\"Transfers in (out)\"}],\"order\":35,\"text\":\"Transfers in (out)\"},{\"bbox\":[377.5,261.5,386.9,270.2],\"lines\":[{\"bbox\":[377.5,261.5,386.9,270.2],\"text\":\"—\"}],\"order\":36,\"text\":\"—\"},{\"bbox\":[455.4,258.2,466.8,267.0],\"lines\":[{\"bbox\":[455.4,258.2,466.8,267.0],\"text\":\"(3)\"}],\"order\":37,\"text\":\"(3)\"},{\"bbox\":[136.3,280.3,272.6,294.2],\"lines\":[{\"bbox\":[136.3,280.3,272.6,294.2],\"text\":\"Balance as of December 31, 2011\"}],\"order\":38,\"text\":\"Balance as of December 31, 2011\"},{\"bbox\":[320.1,278.1,325.5,286.6],\"lines\":[{\"bbox\":[320.1,278.1,325.5,286.6],\"text\":\"$\"}],\"order\":39,\"text\":\"$\"},{\"bbox\":[382.0,275.5,387.4,284.1],\"lines\":[{\"bbox\":[382.0,275.5,387.4,284.1],\"text\":\"3\"}],\"order\":40,\"text\":\"3\"},{\"bbox\":[397.1,274.9,402.4,283.4],\"lines\":[{\"bbox\":[397.1,274.9,402.4,283.4],\"text\":\"$\"}],\"order\":41,\"text\":\"$\"},{\"bbox\":[459.0,272.3,464.3,280.9],\"lines\":[{\"bbox\":[459.0,272.3,464.3,280.9],\"text\":\"7\"}],\"order\":42,\"text\":\"7\"},{\"bbox\":[46.4,293.2,559.7,355.0],\"lines\":[{\"bbox\":[46.4,293.2,558.3,322.7],\"text\":\"In selecting an assumed discount rate, FirstEnergy considers currently available rates of return on high-quality fixed income\"},{\"bbox\":[46.8,304.0,558.8,333.5],\"text\":\"investments expected to be available during the period to maturity of the pensions and OPEB obligations. The assumed rates of\"},{\"bbox\":[47.3,314.8,559.3,344.3],\"text\":\"return on plan assets consider historical market returns and economic forecasts for the types of investments held by FirstEnergy’s\"},{\"bbox\":[47.7,329.0,477.3,355.0],\"text\":\"pension trusts. The long-term rate of return is developed considering the portfolio’s asset allocation strategy.\"}],\"order\":43,\"text\":\"In selecting an assumed discount rate, FirstEnergy considers currently available rates of return on high-quality fixed income\\ninvestments expected to be available during the period to maturity of the pensions and OPEB obligations. The assumed rates of\\nreturn on plan assets consider historical market returns and economic forecasts for the types of investments held by FirstEnergy’s\\npension trusts. The long-term rate of return is developed considering the portfolio’s asset allocation strategy.\"},{\"bbox\":[48.6,346.3,564.1,462.2],\"lines\":[{\"bbox\":[48.6,346.3,560.5,375.8],\"text\":\"FirstEnergy follows a total return investment approach using a mix of equities, fixed income and other available investments while\"},{\"bbox\":[49.0,357.1,561.0,386.6],\"text\":\"taking into account the pension plan liabilities to optimize the long-term return on plan assets for a prudent level of risk. Risk tolerance\"},{\"bbox\":[49.5,367.9,561.4,397.4],\"text\":\"is established through careful consideration of plan liabilities, plan funded status and corporate financial condition. The investment\"},{\"bbox\":[49.9,378.7,561.9,408.2],\"text\":\"portfolio contains a diversified blend of equity and fixed-income investments. Equity investments are diversified across U.S. and\"},{\"bbox\":[50.4,389.5,562.3,419.0],\"text\":\"non-U.S. stocks, as well as growth, value, and small and large capitalization funds. Other assets such as real estate and private\"},{\"bbox\":[50.8,400.3,562.7,429.8],\"text\":\"equity are used to enhance long-term returns while improving portfolio diversification. Derivatives may be used to gain market\"},{\"bbox\":[51.3,411.1,563.2,440.6],\"text\":\"exposure in an efficient and timely manner; however, derivatives are not used to leverage the portfolio beyond the market value of\"},{\"bbox\":[51.7,421.9,563.6,451.4],\"text\":\"the underlying investments. Investment risk is measured and monitored on a continuing basis through periodic investment portfolio\"},{\"bbox\":[52.2,441.7,344.9,462.2],\"text\":\"reviews, annual liability measurements and periodic asset/liability studies.\"}],\"order\":44,\"text\":\"FirstEnergy follows a total return investment approach using a mix of equities, fixed income and other available investments while\\ntaking into account the pension plan liabilities to optimize the long-term return on plan assets for a prudent level of risk. Risk tolerance\\nis established through careful consideration of plan liabilities, plan funded status and corporate financial condition. The investment\\nportfolio contains a diversified blend of equity and fixed-income investments. Equity investments are diversified across U.S. and\\nnon-U.S. stocks, as well as growth, value, and small and large capitalization funds. Other assets such as real estate and private\\nequity are used to enhance long-term returns while improving portfolio diversification. Derivatives may be used to gain market\\nexposure in an efficient and timely manner; however, derivatives are not used to leverage the portfolio beyond the market value of\\nthe underlying investments. Investment risk is measured and monitored on a continuing basis through periodic investment portfolio\\nreviews, annual liability measurements and periodic asset/liability studies.\"},{\"bbox\":[53.0,453.4,564.9,482.9],\"lines\":[{\"bbox\":[53.0,453.4,564.9,482.9],\"text\":\"FirstEnergy’s target asset allocations for its pensions and OPEB trust portfolios for 2011 and 2010 are shown in the following table:\"}],\"order\":45,\"text\":\"FirstEnergy’s target asset allocations for its pensions and OPEB trust portfolios for 2011 and 2010 are shown in the following table:\"},{\"bbox\":[324.5,479.1,430.3,491.8],\"lines\":[{\"bbox\":[324.5,479.1,430.3,491.8],\"text\":\"Target Asset Allocations\"}],\"order\":46,\"text\":\"Target Asset Allocations\"},{\"bbox\":[335.4,496.2,355.7,505.4],\"lines\":[{\"bbox\":[335.4,496.2,355.7,505.4],\"text\":\"2011\"}],\"order\":47,\"text\":\"2011\"},{\"bbox\":[399.1,493.6,419.4,502.7],\"lines\":[{\"bbox\":[399.1,493.6,419.4,502.7],\"text\":\"2010\"}],\"order\":48,\"text\":\"2010\"},{\"bbox\":[182.9,516.1,215.2,525.7],\"lines\":[{\"bbox\":[182.9,516.1,215.2,525.7],\"text\":\"Equities\"}],\"order\":49,\"text\":\"Equities\"},{\"bbox\":[357.7,509.4,376.0,518.5],\"lines\":[{\"bbox\":[357.7,509.4,376.0,518.5],\"text\":\"23%\"}],\"order\":50,\"text\":\"23%\"},{\"bbox\":[421.6,506.8,440.0,515.8],\"lines\":[{\"bbox\":[421.6,506.8,440.0,515.8],\"text\":\"21%\"}],\"order\":51,\"text\":\"21%\"},{\"bbox\":[183.5,529.2,237.3,539.7],\"lines\":[{\"bbox\":[183.5,529.2,237.3,539.7],\"text\":\"Fixed income\"}],\"order\":52,\"text\":\"Fixed income\"},{\"bbox\":[358.2,523.7,368.6,532.5],\"lines\":[{\"bbox\":[358.2,523.7,368.6,532.5],\"text\":\"50\"}],\"order\":53,\"text\":\"50\"},{\"bbox\":[422.2,521.1,432.5,529.8],\"lines\":[{\"bbox\":[422.2,521.1,432.5,529.8],\"text\":\"50\"}],\"order\":54,\"text\":\"50\"},{\"bbox\":[184.1,541.1,286.9,553.7],\"lines\":[{\"bbox\":[184.1,541.1,286.9,553.7],\"text\":\"Absolute return strategies\"}],\"order\":55,\"text\":\"Absolute return strategies\"},{\"bbox\":[358.8,537.7,369.2,546.4],\"lines\":[{\"bbox\":[358.8,537.7,369.2,546.4],\"text\":\"19\"}],\"order\":56,\"text\":\"19\"},{\"bbox\":[422.8,535.1,433.1,543.8],\"lines\":[{\"bbox\":[422.8,535.1,433.1,543.8],\"text\":\"21\"}],\"order\":57,\"text\":\"21\"},{\"bbox\":[184.7,557.5,230.5,567.7],\"lines\":[{\"bbox\":[184.7,557.5,230.5,567.7],\"text\":\"Real estate\"}],\"order\":58,\"text\":\"Real estate\"},{\"bbox\":[364.4,551.7,369.7,560.2],\"lines\":[{\"bbox\":[364.4,551.7,369.7,560.2],\"text\":\"6\"}],\"order\":59,\"text\":\"6\"},{\"bbox\":[428.3,549.1,433.7,557.6],\"lines\":[{\"bbox\":[428.3,549.1,433.7,557.6],\"text\":\"6\"}],\"order\":60,\"text\":\"6\"},{\"bbox\":[185.2,571.1,240.0,581.7],\"lines\":[{\"bbox\":[185.2,571.1,240.0,581.7],\"text\":\"Private equity\"}],\"order\":61,\"text\":\"Private equity\"},{\"bbox\":[365.0,565.7,370.3,574.2],\"lines\":[{\"bbox\":[365.0,565.7,370.3,574.2],\"text\":\"2\"}],\"order\":62,\"text\":\"2\"},{\"bbox\":[428.9,563.0,434.3,571.6],\"lines\":[{\"bbox\":[428.9,563.0,434.3,571.6],\"text\":\"2\"}],\"order\":63,\"text\":\"2\"},{\"bbox\":[355.6,579.3,378.9,588.6],\"lines\":[{\"bbox\":[355.6,579.3,378.9,588.6],\"text\":\"100%\"}],\"order\":64,\"text\":\"100%\"},{\"bbox\":[419.5,576.7,442.9,586.0],\"lines\":[{\"bbox\":[419.5,576.7,442.9,586.0],\"text\":\"100%\"}],\"order\":65,\"text\":\"100%\"},{\"bbox\":[436.3,597.5,520.1,609.3],\"lines\":[{\"bbox\":[436.3,597.5,520.1,609.3],\"text\":\"As of December 31,\"}],\"order\":66,\"text\":\"As of December 31,\"},{\"bbox\":[86.0,622.5,256.2,637.8],\"lines\":[{\"bbox\":[86.0,622.5,256.2,637.8],\"text\":\"Assumed Health Care Cost Trend Rates\"}],\"order\":67,\"text\":\"Assumed Health Care Cost Trend Rates\"},{\"bbox\":[434.4,614.2,454.7,623.4],\"lines\":[{\"bbox\":[434.4,614.2,454.7,623.4],\"text\":\"2011\"}],\"order\":68,\"text\":\"2011\"},{\"bbox\":[86.5,634.1,312.8,651.8],\"lines\":[{\"bbox\":[86.5,634.1,312.8,651.8],\"text\":\"Health care cost trend rate assumed (pre/post-Medicare)\"}],\"order\":69,\"text\":\"Health care cost trend rate assumed (pre/post-Medicare)\"},{\"bbox\":[438.2,627.4,474.5,637.2],\"lines\":[{\"bbox\":[438.2,627.4,474.5,637.2],\"text\":\"7.5-8.5%\"}],\"order\":70,\"text\":\"7.5-8.5%\"},{\"bbox\":[507.1,624.6,543.5,634.4],\"lines\":[{\"bbox\":[507.1,624.6,543.5,634.4],\"text\":\"8.0-9.0%\"}],\"order\":71,\"text\":\"8.0-9.0%\"},{\"bbox\":[464.7,641.3,478.1,650.2],\"lines\":[{\"bbox\":[464.7,641.3,478.1,650.2],\"text\":\"5%\"}],\"order\":72,\"text\":\"5%\"},{\"bbox\":[533.6,638.4,547.0,647.3],\"lines\":[{\"bbox\":[533.6,638.4,547.0,647.3],\"text\":\"5%\"}],\"order\":73,\"text\":\"5%\"},{\"bbox\":[432.4,655.4,475.7,665.5],\"lines\":[{\"bbox\":[432.4,655.4,475.7,665.5],\"text\":\"2016-2018\"}],\"order\":74,\"text\":\"2016-2018\"},{\"bbox\":[501.3,652.6,544.6,662.7],\"lines\":[{\"bbox\":[501.3,652.6,544.6,662.7],\"text\":\"2016-2018\"}],\"order\":75,\"text\":\"2016-2018\"},{\"bbox\":[87.1,644.5,401.8,665.8],\"lines\":[{\"bbox\":[87.1,644.5,401.8,665.8],\"text\":\"Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)\"}],\"order\":76,\"text\":\"Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)\"},{\"bbox\":[87.7,660.1,362.9,679.8],\"lines\":[{\"bbox\":[87.7,660.1,362.9,679.8],\"text\":\"Year that the rate reaches the ultimate trend rate (pre/post-Medicare)\"}],\"order\":77,\"text\":\"Year that the rate reaches the ultimate trend rate (pre/post-Medicare)\"},{\"bbox\":[316.2,764.2,326.5,772.9],\"lines\":[{\"bbox\":[316.2,764.2,326.5,772.9],\"text\":\"90\"}],\"order\":78,\"text\":\"90\"},{\"bbox\":[503.1,611.4,523.4,620.5],\"lines\":[{\"bbox\":[503.1,611.4,523.4,620.5],\"text\":\"2010\"}],\"order\":79,\"text\":\"2010\"}],\"doc\":\"fintabnet:FE_2011\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"The following table provides a reconciliation of changes in the fair value of OPEB trust investments classified as Level 3 in the fair\\nvalue hierarchy during 2011 and 2010:\\n\\nPrivate Equity\\nFunds\\n\\nReal Estate\\nFunds\\n\\n(in millions)\\n\\nBalance as of January 1, 2010\\n\\n$\\n\\n4\\n\\n$\\n\\n7\\n\\nActual return on plan assets:\\n\\nUnrealized gains (losses)\\n\\n—\\n\\n—\\n\\nRealized gains (losses)\\n\\n—\\n\\n2\\n\\nPurchases, sales and settlements\\n\\n(1)\\n\\n—\\n\\nTransfers in (out)\\n\\n—\\n\\n—\\n\\nBalance as of December 31, 2010\\n\\n3\\n\\n9\\n\\nActual return on plan assets:\\n\\nUnrealized gains\\n\\n—\\n\\n1\\n\\nRealized gains (losses)\\n\\n—\\n\\n—\\n\\nPurchases, sales and settlements\\n\\n—\\n\\n—\\n\\nTransfers in (out)\\n\\n—\\n\\n(3)\\n\\nBalance as of December 31, 2011\\n\\n$\\n\\n3\\n\\n$\\n\\n7\\n\\nIn selecting an assumed discount rate, FirstEnergy considers currently available rates of return on high-quality fixed income\\ninvestments expected to be available during the period to maturity of the pensions and OPEB obligations. The assumed rates of\\nreturn on plan assets consider historical market returns and economic forecasts for the types of investments held by FirstEnergy’s\\npension trusts. The long-term rate of return is developed considering the portfolio’s asset allocation strategy.\\n\\nFirstEnergy follows a total return investment approach using a mix of equities, fixed income and other available investments while\\ntaking into account the pension plan liabilities to optimize the long-term return on plan assets for a prudent level of risk. Risk tolerance\\nis established through careful consideration of plan liabilities, plan funded status and corporate financial condition. The investment\\nportfolio contains a diversified blend of equity and fixed-income investments. Equity investments are diversified across U.S. and\\nnon-U.S. stocks, as well as growth, value, and small and large capitalization funds. Other assets such as real estate and private\\nequity are used to enhance long-term returns while improving portfolio diversification. Derivatives may be used to gain market\\nexposure in an efficient and timely manner; however, derivatives are not used to leverage the portfolio beyond the market value of\\nthe underlying investments. Investment risk is measured and monitored on a continuing basis through periodic investment portfolio\\nreviews, annual liability measurements and periodic asset/liability studies.\\n\\nFirstEnergy’s target asset allocations for its pensions and OPEB trust portfolios for 2011 and 2010 are shown in the following table:\\n\\nTarget Asset Allocations\\n\\n2011\\n\\n2010\\n\\nEquities\\n\\n23%\\n\\n21%\\n\\nFixed income\\n\\n50\\n\\n50\\n\\nAbsolute return strategies\\n\\n19\\n\\n21\\n\\nReal estate\\n\\n6\\n\\n6\\n\\nPrivate equity\\n\\n2\\n\\n2\\n\\n100%\\n\\n100%\\n\\nAs of December 31,\\n\\nAssumed Health Care Cost Trend Rates\\n\\n2011\\n\\nHealth care cost trend rate assumed (pre/post-Medicare)\\n\\n7.5-8.5%\\n\\n8.0-9.0%\\n\\n5%\\n\\n5%\\n\\n2016-2018\\n\\n2016-2018\\n\\nRate to which the cost trend rate is assumed to decline (the ultimate trend rate)\\n\\nYear that the rate reaches the ultimate trend rate (pre/post-Medicare)\\n\\n90\\n\\n2010\",\"name\":\"fintabnet.FE_2011_page_105__72dpi_heavy\",\"page_id\":\"fintabnet.FE_2011_page_105\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.37,\"source\":\"fintabnet\",\"source_id\":\"FE_2011_page_105\",\"stack\":[{\"deg\":2.37,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.305},{\"op\":\"noise\",\"sigma\":11.746},{\"method\":\"global\",\"offset\":-0.006,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[85.3,593.3,547.6,680.6],\"block_orders\":[66,67,68,69,70,71,72,73,74,75,76,77,79],\"cells\":null}],\"text\":\"The following table provides a reconciliation of changes in the fair value of OPEB trust investments classified as Level 3 in the fair\\nvalue hierarchy during 2011 and 2010:\\n\\nPrivate Equity\\nFunds\\n\\nReal Estate\\nFunds\\n\\n(in millions)\\n\\nBalance as of January 1, 2010\\n\\n$\\n\\n4\\n\\n$\\n\\n7\\n\\nActual return on plan assets:\\n\\nUnrealized gains (losses)\\n\\n—\\n\\n—\\n\\nRealized gains (losses)\\n\\n—\\n\\n2\\n\\nPurchases, sales and settlements\\n\\n(1)\\n\\n—\\n\\nTransfers in (out)\\n\\n—\\n\\n—\\n\\nBalance as of December 31, 2010\\n\\n3\\n\\n9\\n\\nActual return on plan assets:\\n\\nUnrealized gains\\n\\n—\\n\\n1\\n\\nRealized gains (losses)\\n\\n—\\n\\n—\\n\\nPurchases, sales and settlements\\n\\n—\\n\\n—\\n\\nTransfers in (out)\\n\\n—\\n\\n(3)\\n\\nBalance as of December 31, 2011\\n\\n$\\n\\n3\\n\\n$\\n\\n7\\n\\nIn selecting an assumed discount rate, FirstEnergy considers currently available rates of return on high-quality fixed income\\ninvestments expected to be available during the period to maturity of the pensions and OPEB obligations. The assumed rates of\\nreturn on plan assets consider historical market returns and economic forecasts for the types of investments held by FirstEnergy’s\\npension trusts. The long-term rate of return is developed considering the portfolio’s asset allocation strategy.\\n\\nFirstEnergy follows a total return investment approach using a mix of equities, fixed income and other available investments while\\ntaking into account the pension plan liabilities to optimize the long-term return on plan assets for a prudent level of risk. Risk tolerance\\nis established through careful consideration of plan liabilities, plan funded status and corporate financial condition. The investment\\nportfolio contains a diversified blend of equity and fixed-income investments. Equity investments are diversified across U.S. and\\nnon-U.S. stocks, as well as growth, value, and small and large capitalization funds. Other assets such as real estate and private\\nequity are used to enhance long-term returns while improving portfolio diversification. Derivatives may be used to gain market\\nexposure in an efficient and timely manner; however, derivatives are not used to leverage the portfolio beyond the market value of\\nthe underlying investments. Investment risk is measured and monitored on a continuing basis through periodic investment portfolio\\nreviews, annual liability measurements and periodic asset/liability studies.\\n\\nFirstEnergy’s target asset allocations for its pensions and OPEB trust portfolios for 2011 and 2010 are shown in the following table:\\n\\nTarget Asset Allocations\\n\\n2011\\n\\n2010\\n\\nEquities\\n\\n23%\\n\\n21%\\n\\nFixed income\\n\\n50\\n\\n50\\n\\nAbsolute return strategies\\n\\n19\\n\\n21\\n\\nReal estate\\n\\n6\\n\\n6\\n\\nPrivate equity\\n\\n2\\n\\n2\\n\\n100%\\n\\n100%\\n\\nAs of December 31,\\n\\nAssumed Health Care Cost Trend Rates\\n\\n2011\\n\\nHealth care cost trend rate assumed (pre/post-Medicare)\\n\\n7.5-8.5%\\n\\n8.0-9.0%\\n\\n5%\\n\\n5%\\n\\n2016-2018\\n\\n2016-2018\\n\\nRate to which the cost trend rate is assumed to decline (the ultimate trend rate)\\n\\nYear that the rate reaches the ultimate trend rate (pre/post-Medicare)\\n\\n90\\n\\n2010\"},\"name\":\"fintabnet.FE_2011_page_105__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":11827,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:FE_2011\",\"dpi\":72,\"gt_sha256\":\"0bc1db78b8f757ac5fc3aeb8045ff78b865db7a337fd103338e559976e27c357\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.FE_2011_page_105__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.FE_2011_page_105\",\"pdf_sha256\":\"f8a70f1f726ad5dca251ee7dceabe572f7dfeffd75674153aaf7edd7dd754b92\",\"px\":[612,792],\"scan\":{\"render\":\"000078f00e000e000e000e707ffe7ffe7ffe7ff0044006701f1c3fc000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"FE_2011_page_105\",\"src\":{\"file_sha256\":\"4cdaeb1418f4b91cd245c296b5ac87626811f8b383d7ea6bc11313c4530297f9\",\"render\":\"000000700e000e000e000ef07ffe7ffe7ffe3fe004e004e03ffc3f8000000000\",\"text\":\"1af168aa349a71ef652674646cef87419486549ad2bc9b0df3d30f93db428454\"},\"stack\":[{\"deg\":2.37,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.305},{\"op\":\"noise\",\"sigma\":11.746},{\"method\":\"global\",\"offset\":-0.006,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f8a70f1f726ad5dca251ee7dceabe572f7dfeffd75674153aaf7edd7dd754b92\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f8a70f1f726ad5dca251ee7dceabe572f7dfeffd75674153aaf7edd7dd754b92.pdf","asset_sha256":"f8a70f1f726ad5dca251ee7dceabe572f7dfeffd75674153aaf7edd7dd754b92","document_id":"fintabnet:FE_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FE_2011_page_105\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FE_2011_page_49\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:FE_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[79.8,39.3,189.1,49.4],\"lines\":[{\"bbox\":[79.8,39.3,189.1,49.4],\"text\":\"Long-Term Debt Capacity\"}],\"order\":0,\"text\":\"Long-Term Debt Capacity\"},{\"bbox\":[53.3,59.6,567.6,206.1],\"lines\":[{\"bbox\":[55.5,59.6,567.5,76.5],\"text\":\"As of December 31, 2011, the Ohio Companies and Penn had the aggregate capability to issue approximately $2.7 billion of\"},{\"bbox\":[55.3,70.4,567.4,87.3],\"text\":\"additional FMBs on the basis of property additions and retired bonds under the terms of their respective mortgage indentures. The\"},{\"bbox\":[55.1,81.2,567.2,98.1],\"text\":\"issuance of FMBs by the Ohio Companies is also subject to provisions of their senior note indentures generally limiting the incurrence\"},{\"bbox\":[54.9,92.0,567.0,108.9],\"text\":\"of additional secured debt, subject to certain exceptions that would permit, among other things, the issuance of secured debt\"},{\"bbox\":[54.7,102.8,566.8,119.7],\"text\":\"(including FMBs) supporting pollution control notes or similar obligations, or as an extension, renewal or replacement of previously\"},{\"bbox\":[54.6,113.6,566.6,130.5],\"text\":\"outstanding secured debt. In addition, these provisions would permit OE and CEI to incur additional secured debt not otherwise\"},{\"bbox\":[54.4,124.4,566.5,141.3],\"text\":\"permitted by a specified exception of up to $232 million and $20 million, respectively. As a result of the indenture provisions, TE\"},{\"bbox\":[54.2,135.2,566.3,152.1],\"text\":\"cannot incur any additional secured debt. Met-Ed and Penelec had the capability to issue secured debt of approximately $376\"},{\"bbox\":[54.0,146.0,566.1,162.9],\"text\":\"million and $382 million, respectively, under provisions of their senior note indentures as of December 31, 2011. In addition, based\"},{\"bbox\":[53.8,156.8,565.9,173.7],\"text\":\"upon their respective FMB indentures, net earnings and available bondable property additions as of December 31, 2011, MP, PE\"},{\"bbox\":[53.7,167.6,565.7,184.5],\"text\":\"and WP had the capability to issue approximately $1.1 billion of additional FMBs in the aggregate. These companies may be further\"},{\"bbox\":[53.5,178.4,565.5,195.3],\"text\":\"limited by the financial covenants of the Facilities and subject to current regulatory approvals and applicable statutory and/or charter\"},{\"bbox\":[53.3,189.2,95.9,198.3],\"text\":\"limitations.\"}],\"order\":1,\"text\":\"As of December 31, 2011, the Ohio Companies and Penn had the aggregate capability to issue approximately $2.7 billion of\\nadditional FMBs on the basis of property additions and retired bonds under the terms of their respective mortgage indentures. The\\nissuance of FMBs by the Ohio Companies is also subject to provisions of their senior note indentures generally limiting the incurrence\\nof additional secured debt, subject to certain exceptions that would permit, among other things, the issuance of secured debt\\n(including FMBs) supporting pollution control notes or similar obligations, or as an extension, renewal or replacement of previously\\noutstanding secured debt. In addition, these provisions would permit OE and CEI to incur additional secured debt not otherwise\\npermitted by a specified exception of up to $232 million and $20 million, respectively. As a result of the indenture provisions, TE\\ncannot incur any additional secured debt. Met-Ed and Penelec had the capability to issue secured debt of approximately $376\\nmillion and $382 million, respectively, under provisions of their senior note indentures as of December 31, 2011. In addition, based\\nupon their respective FMB indentures, net earnings and available bondable property additions as of December 31, 2011, MP, PE\\nand WP had the capability to issue approximately $1.1 billion of additional FMBs in the aggregate. These companies may be further\\nlimited by the financial covenants of the Facilities and subject to current regulatory approvals and applicable statutory and/or charter\\nlimitations.\"},{\"bbox\":[52.4,210.0,565.0,259.3],\"lines\":[{\"bbox\":[52.9,210.0,565.0,226.9],\"text\":\"Based upon FGCO’s net earnings and available bondable property additions under its FMB indentures as of December 31, 2011,\"},{\"bbox\":[52.8,220.8,564.8,237.7],\"text\":\"FGCO had the capability to issue $2.1 billion of additional FMBs under the terms of that indenture. Based upon NGC’s net earnings\"},{\"bbox\":[52.6,231.6,564.7,248.5],\"text\":\"and available bondable property additions under its FMB indenture as of December 31, 2011, NGC had the capability to issue $2.0\"},{\"bbox\":[52.4,242.4,288.1,254.7],\"text\":\"billion of additional FMBs under the terms of that indenture.\"}],\"order\":2,\"text\":\"Based upon FGCO’s net earnings and available bondable property additions under its FMB indentures as of December 31, 2011,\\nFGCO had the capability to issue $2.1 billion of additional FMBs under the terms of that indenture. Based upon NGC’s net earnings\\nand available bondable property additions under its FMB indenture as of December 31, 2011, NGC had the capability to issue $2.0\\nbillion of additional FMBs under the terms of that indenture.\"},{\"bbox\":[51.1,263.2,564.1,334.1],\"lines\":[{\"bbox\":[52.0,263.2,564.1,280.1],\"text\":\"FirstEnergy’s access to capital markets and costs of financing are influenced by the credit ratings of its securities. On March 21,\"},{\"bbox\":[51.9,274.0,563.9,290.9],\"text\":\"2011, S&P affirmed the ratings and stable outlook of FirstEnergy and its subsidiaries. On May 27, 2011, Fitch upgraded ratings for\"},{\"bbox\":[51.7,284.8,563.8,301.7],\"text\":\"certain subsidiaries and revised the outlook to stable from negative for FirstEnergy and FES. On August 18, 2011, Moody's\"},{\"bbox\":[51.5,295.6,563.6,312.5],\"text\":\"downgraded ratings for FES to Baa3 from Baa2 and revised FES' outlook to stable. On January 18, 2012, Moody's upgraded ratings\"},{\"bbox\":[51.3,306.4,563.4,323.3],\"text\":\"for TrAIL to A3 from Baa2. The following table displays FirstEnergy’s and its subsidiaries’ debt credit ratings as of February 24,\"},{\"bbox\":[51.1,317.2,73.8,325.9],\"text\":\"2012:\"}],\"order\":3,\"text\":\"FirstEnergy’s access to capital markets and costs of financing are influenced by the credit ratings of its securities. On March 21,\\n2011, S&P affirmed the ratings and stable outlook of FirstEnergy and its subsidiaries. On May 27, 2011, Fitch upgraded ratings for\\ncertain subsidiaries and revised the outlook to stable from negative for FirstEnergy and FES. On August 18, 2011, Moody's\\ndowngraded ratings for FES to Baa3 from Baa2 and revised FES' outlook to stable. On January 18, 2012, Moody's upgraded ratings\\nfor TrAIL to A3 from Baa2. The following table displays FirstEnergy’s and its subsidiaries’ debt credit ratings as of February 24,\\n2012:\"},{\"bbox\":[235.7,340.4,301.9,349.8],\"lines\":[{\"bbox\":[235.7,340.4,301.9,349.8],\"text\":\"Senior Secured\"}],\"order\":4,\"text\":\"Senior 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As of December 31, 2011 and 2010, FirstEnergy had approximately $79 million and $13 million, respectively,\"},{\"bbox\":[45.2,674.0,387.5,688.0],\"text\":\"of restricted cash included in other current assets on the Consolidated Balance Sheet.\"}],\"order\":127,\"text\":\"As of December 31, 2011, FirstEnergy had $202 million of cash and cash equivalents compared to approximately $1 billion as of\\nDecember 31, 2010. As of December 31, 2011 and 2010, FirstEnergy had approximately $79 million and $13 million, respectively,\\nof restricted cash included in other current assets on the Consolidated Balance Sheet.\"},{\"bbox\":[44.6,694.8,556.9,722.5],\"lines\":[{\"bbox\":[44.8,694.8,556.9,711.7],\"text\":\"During 2011, FirstEnergy received $1.8 billion of cash dividends from its subsidiaries and paid $881 million in cash dividends to\"},{\"bbox\":[44.6,705.6,409.4,720.0],\"text\":\"common shareholders, including $20 million paid in March by AE to its former shareholders.\"}],\"order\":128,\"text\":\"During 2011, FirstEnergy received $1.8 billion of cash dividends from its subsidiaries and paid $881 million in cash dividends to\\ncommon shareholders, including $20 million paid in March by AE to its former shareholders.\"},{\"bbox\":[294.6,764.6,304.8,773.1],\"lines\":[{\"bbox\":[294.6,764.6,304.8,773.1],\"text\":\"34\"}],\"order\":129,\"text\":\"34\"}],\"doc\":\"fintabnet:FE_2011\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Long-Term Debt Capacity\\n\\nAs of December 31, 2011, the Ohio Companies and Penn had the aggregate capability to issue approximately $2.7 billion of\\nadditional FMBs on the basis of property additions and retired bonds under the terms of their respective mortgage indentures. The\\nissuance of FMBs by the Ohio Companies is also subject to provisions of their senior note indentures generally limiting the incurrence\\nof additional secured debt, subject to certain exceptions that would permit, among other things, the issuance of secured debt\\n(including FMBs) supporting pollution control notes or similar obligations, or as an extension, renewal or replacement of previously\\noutstanding secured debt. In addition, these provisions would permit OE and CEI to incur additional secured debt not otherwise\\npermitted by a specified exception of up to $232 million and $20 million, respectively. As a result of the indenture provisions, TE\\ncannot incur any additional secured debt. Met-Ed and Penelec had the capability to issue secured debt of approximately $376\\nmillion and $382 million, respectively, under provisions of their senior note indentures as of December 31, 2011. In addition, based\\nupon their respective FMB indentures, net earnings and available bondable property additions as of December 31, 2011, MP, PE\\nand WP had the capability to issue approximately $1.1 billion of additional FMBs in the aggregate. These companies may be further\\nlimited by the financial covenants of the Facilities and subject to current regulatory approvals and applicable statutory and/or charter\\nlimitations.\\n\\nBased upon FGCO’s net earnings and available bondable property additions under its FMB indentures as of December 31, 2011,\\nFGCO had the capability to issue $2.1 billion of additional FMBs under the terms of that indenture. Based upon NGC’s net earnings\\nand available bondable property additions under its FMB indenture as of December 31, 2011, NGC had the capability to issue $2.0\\nbillion of additional FMBs under the terms of that indenture.\\n\\nFirstEnergy’s access to capital markets and costs of financing are influenced by the credit ratings of its securities. On March 21,\\n2011, S&P affirmed the ratings and stable outlook of FirstEnergy and its subsidiaries. On May 27, 2011, Fitch upgraded ratings for\\ncertain subsidiaries and revised the outlook to stable from negative for FirstEnergy and FES. On August 18, 2011, Moody's\\ndowngraded ratings for FES to Baa3 from Baa2 and revised FES' outlook to stable. On January 18, 2012, Moody's upgraded ratings\\nfor TrAIL to A3 from Baa2. The following table displays FirstEnergy’s and its subsidiaries’ debt credit ratings as of February 24,\\n2012:\\n\\nSenior Secured\\n\\nIssuer\\n\\nS&P\\n\\nFE\\n\\n—\\n\\nFES\\n\\n—\\n\\nAE Supply\\n\\nAGC\\n\\nMoody’s\\n\\nSenior Unsecured\\n\\nFitch\\n\\nS&P\\n\\nMoody’s\\n\\nFitch\\n\\n—\\n\\n—\\n\\nBB+\\n\\nBaa3\\n\\nBBB\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nBaa3\\n\\nBBB\\n\\n—\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nBaa3\\n\\nBBB-\\n\\n—\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nBaa3\\n\\nBBB\\n\\nATSI\\n\\n—\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nBaa1\\n\\nA-\\n\\nCEI\\n\\nBBB\\n\\nBaa1\\n\\nBBB\\n\\nBBB-\\n\\nBaa3\\n\\nBBB-\\n\\nJCP&L\\n\\n—\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nBaa2\\n\\nBBB+\\n\\nMet-Ed\\n\\nBBB\\n\\nA3\\n\\nA-\\n\\nBBB-\\n\\nBaa2\\n\\nBBB+\\n\\nMP\\n\\nBBB+\\n\\nBaa1\\n\\nA-\\n\\nBBB-\\n\\nBaa3\\n\\nBBB+\\n\\nOE\\n\\nBBB\\n\\nA3\\n\\nBBB+\\n\\nBBB-\\n\\nBaa2\\n\\nBBB\\n\\nPenelec\\n\\nBBB\\n\\nA3\\n\\nBBB+\\n\\nBBB-\\n\\nBaa2\\n\\nBBB\\n\\nPenn\\n\\nBBB+\\n\\nA3\\n\\nBBB+\\n\\n—\\n\\n—\\n\\n—\\n\\nPE\\n\\nBBB+\\n\\nBaa1\\n\\nA-\\n\\nBBB-\\n\\nBaa3\\n\\nBBB+\\n\\nTE\\n\\nBBB\\n\\nBaa1\\n\\nBBB\\n\\n—\\n\\n—\\n\\n—\\n\\nTrAIL\\n\\n—\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nA3\\n\\nA-\\n\\nWP\\n\\nBBB+\\n\\nA3\\n\\nA-\\n\\nBBB-\\n\\nBaa2\\n\\nBBB+\\n\\nSee Note 12, Capitalization of the Combined Notes to the Consolidated Financial Statements for additional information on\\nFirstEnergy's and the Registrants' long-term debt and other long-term obligations that were outstanding as of December 31, 2011.\\n\\nChanges in Cash Position\\n\\nAs of December 31, 2011, FirstEnergy had $202 million of cash and cash equivalents compared to approximately $1 billion as of\\nDecember 31, 2010. As of December 31, 2011 and 2010, FirstEnergy had approximately $79 million and $13 million, respectively,\\nof restricted cash included in other current assets on the Consolidated Balance Sheet.\\n\\nDuring 2011, FirstEnergy received $1.8 billion of cash dividends from its subsidiaries and paid $881 million in cash dividends to\\ncommon shareholders, including $20 million paid in March by AE to its former shareholders.\\n\\n34\",\"name\":\"fintabnet.FE_2011_page_49__72dpi_mild\",\"page_id\":\"fintabnet.FE_2011_page_49\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.96,\"source\":\"fintabnet\",\"source_id\":\"FE_2011_page_49\",\"stack\":[{\"deg\":-0.96,\"op\":\"skew\"},{\"amp\":0.035,\"angle\":141.0,\"blob\":0.246,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.364},{\"op\":\"noise\",\"sigma\":3.28},{\"gain\":0.856,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":78}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[91.8,334.9,505.2,592.0],\"block_orders\":[4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124],\"cells\":null}],\"text\":\"Long-Term Debt Capacity\\n\\nAs of December 31, 2011, the Ohio Companies and Penn had the aggregate capability to issue approximately $2.7 billion of\\nadditional FMBs on the basis of property additions and retired bonds under the terms of their respective mortgage indentures. The\\nissuance of FMBs by the Ohio Companies is also subject to provisions of their senior note indentures generally limiting the incurrence\\nof additional secured debt, subject to certain exceptions that would permit, among other things, the issuance of secured debt\\n(including FMBs) supporting pollution control notes or similar obligations, or as an extension, renewal or replacement of previously\\noutstanding secured debt. In addition, these provisions would permit OE and CEI to incur additional secured debt not otherwise\\npermitted by a specified exception of up to $232 million and $20 million, respectively. As a result of the indenture provisions, TE\\ncannot incur any additional secured debt. Met-Ed and Penelec had the capability to issue secured debt of approximately $376\\nmillion and $382 million, respectively, under provisions of their senior note indentures as of December 31, 2011. In addition, based\\nupon their respective FMB indentures, net earnings and available bondable property additions as of December 31, 2011, MP, PE\\nand WP had the capability to issue approximately $1.1 billion of additional FMBs in the aggregate. These companies may be further\\nlimited by the financial covenants of the Facilities and subject to current regulatory approvals and applicable statutory and/or charter\\nlimitations.\\n\\nBased upon FGCO’s net earnings and available bondable property additions under its FMB indentures as of December 31, 2011,\\nFGCO had the capability to issue $2.1 billion of additional FMBs under the terms of that indenture. Based upon NGC’s net earnings\\nand available bondable property additions under its FMB indenture as of December 31, 2011, NGC had the capability to issue $2.0\\nbillion of additional FMBs under the terms of that indenture.\\n\\nFirstEnergy’s access to capital markets and costs of financing are influenced by the credit ratings of its securities. On March 21,\\n2011, S&P affirmed the ratings and stable outlook of FirstEnergy and its subsidiaries. On May 27, 2011, Fitch upgraded ratings for\\ncertain subsidiaries and revised the outlook to stable from negative for FirstEnergy and FES. On August 18, 2011, Moody's\\ndowngraded ratings for FES to Baa3 from Baa2 and revised FES' outlook to stable. On January 18, 2012, Moody's upgraded ratings\\nfor TrAIL to A3 from Baa2. The following table displays FirstEnergy’s and its subsidiaries’ debt credit ratings as of February 24,\\n2012:\\n\\nSenior Secured\\n\\nIssuer\\n\\nS&P\\n\\nFE\\n\\n—\\n\\nFES\\n\\n—\\n\\nAE Supply\\n\\nAGC\\n\\nMoody’s\\n\\nSenior Unsecured\\n\\nFitch\\n\\nS&P\\n\\nMoody’s\\n\\nFitch\\n\\n—\\n\\n—\\n\\nBB+\\n\\nBaa3\\n\\nBBB\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nBaa3\\n\\nBBB\\n\\n—\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nBaa3\\n\\nBBB-\\n\\n—\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nBaa3\\n\\nBBB\\n\\nATSI\\n\\n—\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nBaa1\\n\\nA-\\n\\nCEI\\n\\nBBB\\n\\nBaa1\\n\\nBBB\\n\\nBBB-\\n\\nBaa3\\n\\nBBB-\\n\\nJCP&L\\n\\n—\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nBaa2\\n\\nBBB+\\n\\nMet-Ed\\n\\nBBB\\n\\nA3\\n\\nA-\\n\\nBBB-\\n\\nBaa2\\n\\nBBB+\\n\\nMP\\n\\nBBB+\\n\\nBaa1\\n\\nA-\\n\\nBBB-\\n\\nBaa3\\n\\nBBB+\\n\\nOE\\n\\nBBB\\n\\nA3\\n\\nBBB+\\n\\nBBB-\\n\\nBaa2\\n\\nBBB\\n\\nPenelec\\n\\nBBB\\n\\nA3\\n\\nBBB+\\n\\nBBB-\\n\\nBaa2\\n\\nBBB\\n\\nPenn\\n\\nBBB+\\n\\nA3\\n\\nBBB+\\n\\n—\\n\\n—\\n\\n—\\n\\nPE\\n\\nBBB+\\n\\nBaa1\\n\\nA-\\n\\nBBB-\\n\\nBaa3\\n\\nBBB+\\n\\nTE\\n\\nBBB\\n\\nBaa1\\n\\nBBB\\n\\n—\\n\\n—\\n\\n—\\n\\nTrAIL\\n\\n—\\n\\n—\\n\\n—\\n\\nBBB-\\n\\nA3\\n\\nA-\\n\\nWP\\n\\nBBB+\\n\\nA3\\n\\nA-\\n\\nBBB-\\n\\nBaa2\\n\\nBBB+\\n\\nSee Note 12, Capitalization of the Combined Notes to the Consolidated Financial Statements for additional information on\\nFirstEnergy's and the Registrants' long-term debt and other long-term obligations that were outstanding as of December 31, 2011.\\n\\nChanges in Cash Position\\n\\nAs of December 31, 2011, FirstEnergy had $202 million of cash and cash equivalents compared to approximately $1 billion as of\\nDecember 31, 2010. As of December 31, 2011 and 2010, FirstEnergy had approximately $79 million and $13 million, respectively,\\nof restricted cash included in other current assets on the Consolidated Balance Sheet.\\n\\nDuring 2011, FirstEnergy received $1.8 billion of cash dividends from its subsidiaries and paid $881 million in cash dividends to\\ncommon shareholders, including $20 million paid in March by AE to its former shareholders.\\n\\n34\"},\"name\":\"fintabnet.FE_2011_page_49__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":104617,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:FE_2011\",\"dpi\":72,\"gt_sha256\":\"144d13a590a0b1683e068b69e97b3fe988ec888a11820bb429023ff34111c2cc\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.FE_2011_page_49__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.FE_2011_page_49\",\"pdf_sha256\":\"67acd349598edfdc85d82023c170ea92219f984cc4d50c06f836f262653191d2\",\"px\":[612,792],\"scan\":{\"render\":\"00007ffe7ffe7ffe7ffe7ffc7ffc05f820102018248000003ffc7ffc7fc00000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"FE_2011_page_49\",\"src\":{\"file_sha256\":\"6e203cbe1314527a1f74828c29f91f86a89713c9bb16ac618f3ca5b1a3c9002c\",\"render\":\"00007ffe7ffe7ffe7ffe7ffe7ffc27f820580018249800003efc7ffc1f400000\",\"text\":\"b04475dd753ea0f582146cc7199757e8a41e5d355bc45ff3beed391ba4e52de6\"},\"stack\":[{\"deg\":-0.96,\"op\":\"skew\"},{\"amp\":0.035,\"angle\":141.0,\"blob\":0.246,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.364},{\"op\":\"noise\",\"sigma\":3.28},{\"gain\":0.856,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":78}],\"tools\":\"21647cade0ee\"},\"sha256\":\"67acd349598edfdc85d82023c170ea92219f984cc4d50c06f836f262653191d2\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/67acd349598edfdc85d82023c170ea92219f984cc4d50c06f836f262653191d2.pdf","asset_sha256":"67acd349598edfdc85d82023c170ea92219f984cc4d50c06f836f262653191d2","document_id":"fintabnet:FE_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FE_2011_page_49\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FISV_2010_page_37\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:FISV_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[74.1,103.0,231.2,123.4],\"lines\":[{\"bbox\":[74.1,103.0,231.2,123.4],\"text\":\"Stock Performance Graph\"}],\"order\":0,\"text\":\"Stock Performance Graph\"},{\"bbox\":[75.6,109.8,702.8,236.9],\"lines\":[{\"bbox\":[103.3,111.3,668.1,152.3],\"text\":\"The stock performance graph and related information presented below is not deemed to be “soliciting\"},{\"bbox\":[76.4,127.2,684.1,170.3],\"text\":\"material” or to be “filed” with the Securities and Exchange Commission or subject to Regulation 14A or 14C\"},{\"bbox\":[77.3,143.6,689.5,186.9],\"text\":\"under the Securities Exchange Act of 1934 or to the liabilities of Section 18 of the Securities Exchange Act of\"},{\"bbox\":[78.1,159.7,701.1,203.6],\"text\":\"1934, and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or\"},{\"bbox\":[78.9,176.5,699.8,220.2],\"text\":\"the Securities Exchange Act of 1934, except to the extent we specifically incorporate it by reference into such a\"},{\"bbox\":[79.8,222.5,113.9,236.9],\"text\":\"filing.\"}],\"order\":1,\"text\":\"The stock performance graph and related information presented below is not deemed to be “soliciting\\nmaterial” or to be “filed” with the Securities and Exchange Commission or subject to Regulation 14A or 14C\\nunder the Securities Exchange Act of 1934 or to the liabilities of Section 18 of the Securities Exchange Act of\\n1934, and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or\\nthe Securities Exchange Act of 1934, except to the extent we specifically incorporate it by reference into such a\\nfiling.\"},{\"bbox\":[81.9,236.2,716.2,363.7],\"lines\":[{\"bbox\":[109.7,237.4,689.6,279.0],\"text\":\"The following graph compares the cumulative total shareholder return on our common stock for the five\"},{\"bbox\":[82.8,254.5,680.5,297.1],\"text\":\"years ended December 31, 2010 with the S&P 500 Index and the NASDAQ Computer and Data Processing\"},{\"bbox\":[83.6,269.5,713.7,313.7],\"text\":\"Services Index. The graph assumes that $100 was invested on December 31, 2005 in our common stock and each\"},{\"bbox\":[84.4,286.8,701.9,330.4],\"text\":\"index and that all dividends were reinvested. No cash dividends have been declared on our common stock. The\"},{\"bbox\":[85.3,304.7,678.6,347.0],\"text\":\"comparisons in the graph are required by the Securities and Exchange Commission and are not intended to\"},{\"bbox\":[86.1,329.2,520.6,363.7],\"text\":\"forecast or be indicative of possible future performance of our common stock.\"}],\"order\":2,\"text\":\"The following graph compares the cumulative total shareholder return on our common stock for the five\\nyears ended December 31, 2010 with the S&P 500 Index and the NASDAQ Computer and Data Processing\\nServices Index. The graph assumes that $100 was invested on December 31, 2005 in our common stock and each\\nindex and that all dividends were reinvested. No cash dividends have been declared on our common stock. The\\ncomparisons in the graph are required by the Securities and Exchange Commission and are not intended to\\nforecast or be indicative of possible future performance of our common stock.\"},{\"bbox\":[184.0,381.2,656.2,441.6],\"lines\":[{\"bbox\":[184.0,381.2,654.9,416.0],\"text\":\"COMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN AMONG FISERV, INC., S&P 500\"},{\"bbox\":[219.9,395.8,620.3,427.0],\"text\":\"INDEX, AND NASDAQ COMPUTER AND DATA PROCESSING SERVICES INDEX\"},{\"bbox\":[216.4,408.4,625.1,440.0],\"text\":\"(ASSUMES INITIAL INVESTMENT OF $100 AND REINVESTMENT OF DIVIDENDS.)\"}],\"order\":3,\"text\":\"COMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN AMONG FISERV, INC., S&P 500\\nINDEX, AND NASDAQ COMPUTER AND DATA PROCESSING SERVICES INDEX\\n(ASSUMES INITIAL INVESTMENT OF $100 AND REINVESTMENT OF DIVIDENDS.)\"},{\"bbox\":[139.2,448.6,154.5,458.6],\"lines\":[{\"bbox\":[139.2,448.6,154.5,458.6],\"text\":\"160\"}],\"order\":4,\"text\":\"160\"},{\"bbox\":[141.4,492.3,156.6,502.4],\"lines\":[{\"bbox\":[141.4,492.3,156.6,502.4],\"text\":\"140\"}],\"order\":5,\"text\":\"140\"},{\"bbox\":[143.6,536.1,158.8,546.1],\"lines\":[{\"bbox\":[143.6,536.1,158.8,546.1],\"text\":\"120\"}],\"order\":6,\"text\":\"120\"},{\"bbox\":[132.1,604.6,143.8,653.1],\"lines\":[{\"bbox\":[132.1,604.6,143.8,653.1],\"text\":\"DO LLARS\"}],\"order\":7,\"text\":\"DO 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Inc.\"}],\"order\":15,\"text\":\"Fiserv, Inc.\"},{\"bbox\":[377.5,801.8,397.7,812.1],\"lines\":[{\"bbox\":[377.5,801.8,397.7,812.1],\"text\":\"2007\"}],\"order\":16,\"text\":\"2007\"},{\"bbox\":[481.8,796.6,502.0,806.9],\"lines\":[{\"bbox\":[481.8,796.6,502.0,806.9],\"text\":\"2008\"}],\"order\":17,\"text\":\"2008\"},{\"bbox\":[356.7,829.0,397.1,840.3],\"lines\":[{\"bbox\":[356.7,829.0,397.1,840.3],\"text\":\"S & P 500\"}],\"order\":18,\"text\":\"S & P 500\"},{\"bbox\":[586.1,791.4,606.3,801.7],\"lines\":[{\"bbox\":[586.1,791.4,606.3,801.7],\"text\":\"2009\"}],\"order\":19,\"text\":\"2009\"},{\"bbox\":[690.4,786.2,710.6,796.5],\"lines\":[{\"bbox\":[690.4,786.2,710.6,796.5],\"text\":\"2010\"}],\"order\":20,\"text\":\"2010\"},{\"bbox\":[445.5,816.9,638.7,835.9],\"lines\":[{\"bbox\":[445.5,816.9,638.7,835.9],\"text\":\"Nasdaq Computer and Data Processing Services\"}],\"order\":21,\"text\":\"Nasdaq Computer and Data Processing Services\"},{\"bbox\":[114.9,906.9,505.6,972.3],\"lines\":[{\"bbox\":[114.9,906.9,503.9,939.0],\"text\":\"Fiserv, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[115.7,923.6,504.8,955.7],\"text\":\"S & P 500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[116.6,940.2,505.6,972.3],\"text\":\"Nasdaq Computer and Data Processing Services . . . . . . . . . . . . . . . . .\"}],\"order\":22,\"text\":\"Fiserv, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nS & P 500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNasdaq Computer and Data Processing Services . . . . . . . . . . . . . . . . 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31,\\n2007\\n2008\"},{\"bbox\":[679.8,876.7,702.5,887.8],\"lines\":[{\"bbox\":[679.8,876.7,702.5,887.8],\"text\":\"2009\"}],\"order\":27,\"text\":\"2009\"},{\"bbox\":[721.5,874.6,744.1,885.7],\"lines\":[{\"bbox\":[721.5,874.6,744.1,885.7],\"text\":\"2010\"}],\"order\":28,\"text\":\"2010\"},{\"bbox\":[517.2,904.8,547.2,952.2],\"lines\":[{\"bbox\":[517.2,904.8,545.5,918.9],\"text\":\"$100\"},{\"bbox\":[524.9,921.5,546.4,935.2],\"text\":\"100\"},{\"bbox\":[525.8,938.1,547.2,951.9],\"text\":\"100\"}],\"order\":29,\"text\":\"$100\\n100\\n100\"},{\"bbox\":[558.8,902.7,588.8,950.1],\"lines\":[{\"bbox\":[558.8,902.7,587.2,916.8],\"text\":\"$121\"},{\"bbox\":[566.5,919.4,588.0,933.1],\"text\":\"116\"},{\"bbox\":[567.4,936.0,588.8,949.8],\"text\":\"112\"}],\"order\":30,\"text\":\"$121\\n116\\n112\"},{\"bbox\":[600.4,900.7,630.4,948.1],\"lines\":[{\"bbox\":[600.4,900.7,628.8,914.8],\"text\":\"$128\"},{\"bbox\":[608.2,917.3,629.6,931.1],\"text\":\"122\"},{\"bbox\":[609.0,934.0,630.4,947.7],\"text\":\"137\"}],\"order\":31,\"text\":\"$128\\n122\\n137\"},{\"bbox\":[678.1,896.8,708.1,944.2],\"lines\":[{\"bbox\":[678.1,896.8,706.5,910.9],\"text\":\"$112\"},{\"bbox\":[692.8,913.4,707.3,926.8],\"text\":\"97\"},{\"bbox\":[686.7,930.1,708.1,943.8],\"text\":\"129\"}],\"order\":32,\"text\":\"$112\\n97\\n129\"},{\"bbox\":[719.7,894.7,749.7,942.1],\"lines\":[{\"bbox\":[719.7,894.7,748.1,908.8],\"text\":\"$135\"},{\"bbox\":[727.5,911.3,748.9,925.1],\"text\":\"112\"},{\"bbox\":[728.3,928.0,749.7,941.7],\"text\":\"147\"}],\"order\":33,\"text\":\"$135\\n112\\n147\"},{\"bbox\":[642.7,898.9,665.8,945.9],\"lines\":[{\"bbox\":[642.7,898.9,664.1,912.6],\"text\":\"$84\"},{\"bbox\":[650.5,915.5,665.0,928.9],\"text\":\"77\"},{\"bbox\":[651.3,932.2,665.8,945.6],\"text\":\"79\"}],\"order\":34,\"text\":\"$84\\n77\\n79\"}],\"doc\":\"fintabnet:FISV_2010\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"Stock Performance Graph\\n\\nThe stock performance graph and related information presented below is not deemed to be “soliciting\\nmaterial” or to be “filed” with the Securities and Exchange Commission or subject to Regulation 14A or 14C\\nunder the Securities Exchange Act of 1934 or to the liabilities of Section 18 of the Securities Exchange Act of\\n1934, and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or\\nthe Securities Exchange Act of 1934, except to the extent we specifically incorporate it by reference into such a\\nfiling.\\n\\nThe following graph compares the cumulative total shareholder return on our common stock for the five\\nyears ended December 31, 2010 with the S&P 500 Index and the NASDAQ Computer and Data Processing\\nServices Index. The graph assumes that $100 was invested on December 31, 2005 in our common stock and each\\nindex and that all dividends were reinvested. No cash dividends have been declared on our common stock. The\\ncomparisons in the graph are required by the Securities and Exchange Commission and are not intended to\\nforecast or be indicative of possible future performance of our common stock.\\n\\nCOMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN AMONG FISERV, INC., S&P 500\\nINDEX, AND NASDAQ COMPUTER AND DATA PROCESSING SERVICES INDEX\\n(ASSUMES INITIAL INVESTMENT OF $100 AND REINVESTMENT OF DIVIDENDS.)\\n\\n160\\n\\n140\\n\\n120\\n\\nDO LLARS\\n\\n100\\n\\n80\\n\\n60\\n\\n40\\n\\n20\\n\\n0\\n2005\\n\\n2006\\n\\nFiserv, Inc.\\n\\n2007\\n\\n2008\\n\\nS & P 500\\n\\n2009\\n\\n2010\\n\\nNasdaq Computer and Data Processing Services\\n\\nFiserv, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nS & P 500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNasdaq Computer and Data Processing Services . . . . . . . . . . . . . . . . .\\n\\n19\\n\\n2005\\n\\n2006\\n\\nDecember 31,\\n2007\\n2008\\n\\n2009\\n\\n2010\\n\\n$100\\n100\\n100\\n\\n$121\\n116\\n112\\n\\n$128\\n122\\n137\\n\\n$112\\n97\\n129\\n\\n$135\\n112\\n147\\n\\n$84\\n77\\n79\",\"name\":\"fintabnet.FISV_2010_page_37__100dpi_heavy\",\"page_id\":\"fintabnet.FISV_2010_page_37\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.864,\"source\":\"fintabnet\",\"source_id\":\"FISV_2010_page_37\",\"stack\":[{\"deg\":2.864,\"op\":\"skew\"},{\"amp\":0.327,\"angle\":215.9,\"blob\":0.306,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":5.58,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":14.98},{\"offset\":0.006,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[112.9,855.2,749.7,972.4],\"block_orders\":[22,24,25,26,27,28,29,30,31,32,33,34],\"cells\":null}],\"text\":\"Stock Performance Graph\\n\\nThe stock performance graph and related information presented below is not deemed to be “soliciting\\nmaterial” or to be “filed” with the Securities and Exchange Commission or subject to Regulation 14A or 14C\\nunder the Securities Exchange Act of 1934 or to the liabilities of Section 18 of the Securities Exchange Act of\\n1934, and will not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or\\nthe Securities Exchange Act of 1934, except to the extent we specifically incorporate it by reference into such a\\nfiling.\\n\\nThe following graph compares the cumulative total shareholder return on our common stock for the five\\nyears ended December 31, 2010 with the S&P 500 Index and the NASDAQ Computer and Data Processing\\nServices Index. The graph assumes that $100 was invested on December 31, 2005 in our common stock and each\\nindex and that all dividends were reinvested. No cash dividends have been declared on our common stock. The\\ncomparisons in the graph are required by the Securities and Exchange Commission and are not intended to\\nforecast or be indicative of possible future performance of our common stock.\\n\\nCOMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN AMONG FISERV, INC., S&P 500\\nINDEX, AND NASDAQ COMPUTER AND DATA PROCESSING SERVICES INDEX\\n(ASSUMES INITIAL INVESTMENT OF $100 AND REINVESTMENT OF DIVIDENDS.)\\n\\n160\\n\\n140\\n\\n120\\n\\nDO LLARS\\n\\n100\\n\\n80\\n\\n60\\n\\n40\\n\\n20\\n\\n0\\n2005\\n\\n2006\\n\\nFiserv, Inc.\\n\\n2007\\n\\n2008\\n\\nS & P 500\\n\\n2009\\n\\n2010\\n\\nNasdaq Computer and Data Processing Services\\n\\nFiserv, Inc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nS & P 500 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNasdaq Computer and Data Processing Services . . . . . . . . . . . . . . . . .\\n\\n19\\n\\n2005\\n\\n2006\\n\\nDecember 31,\\n2007\\n2008\\n\\n2009\\n\\n2010\\n\\n$100\\n100\\n100\\n\\n$121\\n116\\n112\\n\\n$128\\n122\\n137\\n\\n$112\\n97\\n129\\n\\n$135\\n112\\n147\\n\\n$84\\n77\\n79\"},\"name\":\"fintabnet.FISV_2010_page_37__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":89479,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:FISV_2010\",\"dpi\":100,\"gt_sha256\":\"4ecf444c4b403605240fa977653af36ba111c9d91bfca21335d49360e268747c\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.FISV_2010_page_37__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.FISV_2010_page_37\",\"pdf_sha256\":\"571c634c1144587caea22f13e4207ea3bac6cb739ef2d598726b6ec919910485\",\"px\":[825,1075],\"scan\":{\"render\":\"ff80fff8fffcfff8fffcfff0dff0831018a00000000000000078003e00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"FISV_2010_page_37\",\"src\":{\"file_sha256\":\"654b390c3df126bf2f4b8345207728bf9a8cf8dbad02f7381bc9a347e43ec317\",\"render\":\"000038003ffc00003ffc1ff80ff017581df0155010001ff80ff0207c00000000\",\"text\":\"faf94faabe62079c9099ffe8e31ba5afca201fed710aefa6ce1d8b8a7c794eb7\"},\"stack\":[{\"deg\":2.864,\"op\":\"skew\"},{\"amp\":0.327,\"angle\":215.9,\"blob\":0.306,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":5.58,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":14.98},{\"offset\":0.006,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"571c634c1144587caea22f13e4207ea3bac6cb739ef2d598726b6ec919910485\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/571c634c1144587caea22f13e4207ea3bac6cb739ef2d598726b6ec919910485.pdf","asset_sha256":"571c634c1144587caea22f13e4207ea3bac6cb739ef2d598726b6ec919910485","document_id":"fintabnet:FISV_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FISV_2010_page_37\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FISV_2010_page_65\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:FISV_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[735.8,283.4,1738.6,371.0],\"lines\":[{\"bbox\":[735.8,283.4,1738.6,321.0],\"text\":\"Notes to Consolidated Financial Statements—Continued\"},{\"bbox\":[815.6,333.4,1659.4,371.0],\"text\":\"Years ended December 31, 2010, 2009 and 2008\"}],\"order\":0,\"text\":\"Notes to Consolidated Financial Statements—Continued\\nYears ended December 31, 2010, 2009 and 2008\"},{\"bbox\":[287.5,458.4,2157.7,846.5],\"lines\":[{\"bbox\":[287.5,458.4,2157.7,496.5],\"text\":\"the Forward-Starting Swaps, which totaled $11 million at December 31, 2010, were recorded in other long-term\"},{\"bbox\":[287.5,508.4,2157.6,546.5],\"text\":\"assets and in accumulated other comprehensive loss, net of income taxes, in the consolidated balance sheet. The\"},{\"bbox\":[287.5,558.4,2117.2,596.5],\"text\":\"components of other comprehensive income pertaining to interest rate hedge contracts are reported within the\"},{\"bbox\":[287.5,608.4,2094.5,646.5],\"text\":\"consolidated statements of shareholders’ equity. In 2010, 2009 and 2008, interest expense recognized due to\"},{\"bbox\":[287.5,658.4,2032.0,696.5],\"text\":\"hedge ineffectiveness was not significant, and no amounts were excluded from the assessments of hedge\"},{\"bbox\":[287.5,708.4,2138.6,746.5],\"text\":\"effectiveness. Based on the amounts recorded in accumulated other comprehensive loss at December 31, 2010,\"},{\"bbox\":[287.5,758.4,2146.1,796.5],\"text\":\"the Company estimates that it will recognize approximately $40 million in interest expense during 2011 related\"},{\"bbox\":[287.5,808.4,807.9,846.5],\"text\":\"to interest rate hedge contracts.\"}],\"order\":1,\"text\":\"the Forward-Starting Swaps, which totaled $11 million at December 31, 2010, were recorded in other long-term\\nassets and in accumulated other comprehensive loss, net of income taxes, in the consolidated balance sheet. The\\ncomponents of other comprehensive income pertaining to interest rate hedge contracts are reported within the\\nconsolidated statements of shareholders’ equity. In 2010, 2009 and 2008, interest expense recognized due to\\nhedge ineffectiveness was not significant, and no amounts were excluded from the assessments of hedge\\neffectiveness. Based on the amounts recorded in accumulated other comprehensive loss at December 31, 2010,\\nthe Company estimates that it will recognize approximately $40 million in interest expense during 2011 related\\nto interest rate hedge contracts.\"},{\"bbox\":[287.5,933.4,575.8,971.0],\"lines\":[{\"bbox\":[287.5,933.4,575.8,971.0],\"text\":\"5. Income Taxes\"}],\"order\":2,\"text\":\"5. Income Taxes\"},{\"bbox\":[287.5,1008.4,2089.4,1096.5],\"lines\":[{\"bbox\":[370.8,1008.4,2089.4,1046.5],\"text\":\"A reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate for\"},{\"bbox\":[287.5,1058.4,1444.3,1096.5],\"text\":\"continuing operations is as follows for the years ended December 31:\"}],\"order\":3,\"text\":\"A reconciliation of the statutory federal income tax rate to the Company’s effective income tax rate for\\ncontinuing operations is as follows for the years ended December 31:\"},{\"bbox\":[1846.9,1147.5,1913.5,1177.7],\"lines\":[{\"bbox\":[1846.9,1147.5,1913.5,1177.7],\"text\":\"2010\"}],\"order\":4,\"text\":\"2010\"},{\"bbox\":[1982.3,1147.5,2049.0,1177.7],\"lines\":[{\"bbox\":[1982.3,1147.5,2049.0,1177.7],\"text\":\"2009\"}],\"order\":5,\"text\":\"2009\"},{\"bbox\":[2117.7,1147.5,2184.4,1177.7],\"lines\":[{\"bbox\":[2117.7,1147.5,2184.4,1177.7],\"text\":\"2008\"}],\"order\":6,\"text\":\"2008\"},{\"bbox\":[287.5,1208.4,1781.3,1396.5],\"lines\":[{\"bbox\":[287.5,1208.4,1781.3,1246.5],\"text\":\"Statutory federal income tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[287.5,1258.4,1781.3,1296.5],\"text\":\"State income taxes, net of federal effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[287.5,1308.4,1781.3,1346.5],\"text\":\"Basis difference on sale of businesses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[287.5,1358.4,1781.3,1396.5],\"text\":\"Other, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Statutory federal income tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nState income taxes, net of federal effect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBasis difference on sale of businesses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1843.8,1208.4,2236.0,1396.5],\"lines\":[{\"bbox\":[1843.8,1208.4,2222.2,1246.5],\"text\":\"35.0% 35.0% 35.0%\"},{\"bbox\":[1864.6,1258.4,2222.2,1296.5],\"text\":\"2.7% 2.9% 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44.9%\"},{\"bbox\":[370.8,1550.0,1498.5,1588.2],\"lines\":[{\"bbox\":[370.8,1550.0,1498.5,1588.2],\"text\":\"The income tax provision for continuing operations was as follows:\"}],\"order\":11,\"text\":\"The income tax provision for continuing operations was as follows:\"},{\"bbox\":[287.5,1639.2,462.4,1669.3],\"lines\":[{\"bbox\":[287.5,1639.2,462.4,1669.3],\"text\":\"(In millions)\"}],\"order\":12,\"text\":\"(In 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The\\ncomponents of other comprehensive income pertaining to interest rate hedge contracts are reported within the\\nconsolidated statements of shareholders’ equity. In 2010, 2009 and 2008, interest expense recognized due to\\nhedge ineffectiveness was not significant, and no amounts were excluded from the assessments of hedge\\neffectiveness. Based on the amounts recorded in accumulated other comprehensive loss at December 31, 2010,\\nthe Company estimates that it will recognize approximately $40 million in interest expense during 2011 related\\nto interest rate hedge contracts.\\n\\n5. 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FIS_2010_page_89\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:FIS_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[485.5,148.7,1208.0,224.7],\"lines\":[{\"bbox\":[486.3,148.7,1208.0,191.3],\"text\":\"FIDELITY NATIONAL INFORMATION SERVICES, INC.\"},{\"bbox\":[713.9,187.6,979.3,219.1],\"text\":\"AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"FIDELITY NATIONAL INFORMATION SERVICES, INC.\\nAND SUBSIDIARIES\"},{\"bbox\":[386.7,229.8,1303.5,277.1],\"lines\":[{\"bbox\":[386.7,229.8,1303.5,277.1],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"},{\"bbox\":[209.0,293.7,1476.8,383.2],\"lines\":[{\"bbox\":[265.3,295.1,1476.8,349.8],\"text\":\"Future minimum operating lease payments for leases with remaining terms greater than one year for each of\"},{\"bbox\":[209.0,327.1,1475.6,383.2],\"text\":\"the years in the five years ending December 31, 2015, and thereafter in the aggregate, are as follows (in millions):\"}],\"order\":2,\"text\":\"Future minimum operating lease payments for leases with remaining terms greater than one year for each of\\nthe years in the five years ending December 31, 2015, and thereafter in the aggregate, are as follows (in millions):\"},{\"bbox\":[258.5,384.2,1314.9,629.5],\"lines\":[{\"bbox\":[263.2,384.2,1314.9,435.1],\"text\":\"2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[262.2,423.1,1313.9,474.0],\"text\":\"2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[261.3,462.0,1313.0,512.9],\"text\":\"2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[260.4,500.9,1312.1,551.7],\"text\":\"2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[259.4,539.7,1311.1,590.6],\"text\":\"2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[258.5,578.6,1310.2,629.5],\"text\":\"Thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":3,\"text\":\"2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1337.4,410.3,1419.0,632.0],\"lines\":[{\"bbox\":[1342.1,410.3,1419.0,437.6],\"text\":\"$ 65.1\"},{\"bbox\":[1368.8,449.9,1418.1,476.5],\"text\":\"47.6\"},{\"bbox\":[1367.9,488.8,1417.1,515.4],\"text\":\"35.7\"},{\"bbox\":[1367.0,527.6,1416.2,554.3],\"text\":\"27.8\"},{\"bbox\":[1366.0,566.5,1415.2,593.1],\"text\":\"24.3\"},{\"bbox\":[1365.1,605.4,1414.3,632.0],\"text\":\"78.1\"}],\"order\":4,\"text\":\"$ 65.1\\n47.6\\n35.7\\n27.8\\n24.3\\n78.1\"},{\"bbox\":[257.3,625.9,1309.0,676.7],\"lines\":[{\"bbox\":[257.3,625.9,1309.0,676.7],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":5,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1336.2,652.0,1413.2,679.3],\"lines\":[{\"bbox\":[1336.2,652.0,1413.2,679.3],\"text\":\"$278.6\"}],\"order\":6,\"text\":\"$278.6\"},{\"bbox\":[199.2,696.9,1467.0,786.2],\"lines\":[{\"bbox\":[255.6,698.3,1466.5,753.0],\"text\":\"In addition, the Company has operating lease commitments relating to office equipment and computer\"},{\"bbox\":[199.2,730.1,1466.2,786.2],\"text\":\"hardware with annual lease payments of approximately $16.3 million per year which renew on a short-term basis.\"}],\"order\":7,\"text\":\"In addition, the Company has operating lease commitments relating to office equipment and computer\\nhardware with annual lease payments of approximately $16.3 million per year which renew on a short-term basis.\"},{\"bbox\":[195.4,788.7,1464.8,944.8],\"lines\":[{\"bbox\":[253.4,790.1,1464.8,844.8],\"text\":\"Rent expense incurred under all operating leases during the years ended December 31, 2010, 2009 and 2008\"},{\"bbox\":[197.0,822.1,1463.9,878.2],\"text\":\"was $116.1 million, $100.2 million and $117.0 million, respectively. Included in discontinued operations in the\"},{\"bbox\":[196.2,855.3,1463.1,911.4],\"text\":\"Consolidated Statements of Earnings was rent expense of $2.0 million, $1.8 million and $17.0 million for the years\"},{\"bbox\":[195.4,888.7,833.9,929.6],\"text\":\"ended December 31, 2010, 2009 and 2008, respectively.\"}],\"order\":8,\"text\":\"Rent expense incurred under all operating leases during the years ended December 31, 2010, 2009 and 2008\\nwas $116.1 million, $100.2 million and $117.0 million, respectively. Included in discontinued operations in the\\nConsolidated Statements of Earnings was rent expense of $2.0 million, $1.8 million and $17.0 million for the years\\nended December 31, 2010, 2009 and 2008, respectively.\"},{\"bbox\":[189.9,947.2,1461.0,1169.9],\"lines\":[{\"bbox\":[249.5,948.6,1460.9,1003.3],\"text\":\"Data Processing and Maintenance Services Agreements. The Company has agreements with various\"},{\"bbox\":[193.2,980.5,1459.5,1036.5],\"text\":\"vendors, which expire between 2011 and 2017, for portions of its computer data processing operations and related\"},{\"bbox\":[192.4,1013.8,1459.3,1069.9],\"text\":\"functions. The Company’s estimated aggregate contractual obligation remaining under these agreements was\"},{\"bbox\":[191.5,1047.2,1458.4,1103.3],\"text\":\"approximately $554.3 million as of December 31, 2010. However, this amount could be more or less depending on\"},{\"bbox\":[190.7,1080.4,1457.7,1136.5],\"text\":\"various factors such as the inflation rate, foreign exchange rates, the introduction of significant new technologies, or\"},{\"bbox\":[189.9,1113.8,751.5,1152.8],\"text\":\"changes in the Company’s data processing needs.\"}],\"order\":9,\"text\":\"Data Processing and Maintenance Services Agreements. The Company has agreements with various\\nvendors, which expire between 2011 and 2017, for portions of its computer data processing operations and related\\nfunctions. The Company’s estimated aggregate contractual obligation remaining under these agreements was\\napproximately $554.3 million as of December 31, 2010. However, this amount could be more or less depending on\\nvarious factors such as the inflation rate, foreign exchange rates, the introduction of significant new technologies, or\\nchanges in the Company’s data processing needs.\"},{\"bbox\":[187.9,1197.6,234.8,1223.8],\"lines\":[{\"bbox\":[187.9,1197.6,234.8,1223.8],\"text\":\"(16)\"}],\"order\":10,\"text\":\"(16)\"},{\"bbox\":[262.1,1199.4,547.1,1231.3],\"lines\":[{\"bbox\":[262.1,1199.4,547.1,1231.3],\"text\":\"Employee Benefit Plans\"}],\"order\":11,\"text\":\"Employee Benefit Plans\"},{\"bbox\":[214.4,1256.6,458.1,1287.6],\"lines\":[{\"bbox\":[214.4,1256.6,458.1,1287.6],\"text\":\"Stock Purchase Plan\"}],\"order\":12,\"text\":\"Stock Purchase Plan\"},{\"bbox\":[179.4,1314.5,1452.2,1603.9],\"lines\":[{\"bbox\":[240.6,1315.9,1451.6,1370.6],\"text\":\"FIS employees participate in an Employee Stock Purchase Plan (ESPP). Eligible employees may voluntarily\"},{\"bbox\":[184.3,1347.9,1451.3,1404.0],\"text\":\"purchase, at current market prices, shares of FIS’ common stock through payroll deductions. Pursuant to the ESPP,\"},{\"bbox\":[183.5,1381.1,1450.3,1437.2],\"text\":\"employees may contribute an amount between 3% and 15% of their base salary and certain commissions. Shares\"},{\"bbox\":[182.6,1414.5,1449.2,1470.6],\"text\":\"purchased are allocated to employees based upon their contributions. The Company contributes varying matching\"},{\"bbox\":[181.8,1447.9,1448.6,1504.0],\"text\":\"amounts as specified in the ESPP. The Company recorded an expense of $14.3 million, $12.4 million and\"},{\"bbox\":[181.0,1481.1,1448.1,1537.2],\"text\":\"$14.3 million, respectively, for the years ended December 31, 2010, 2009 and 2008, relating to the participation of\"},{\"bbox\":[180.2,1514.5,1447.3,1570.6],\"text\":\"FIS employees in the ESPP. Included in discontinued operations in the Consolidated Statements of Earnings was\"},{\"bbox\":[179.4,1547.8,1371.9,1602.1],\"text\":\"expense of $0.1 million and $3.0 million for the years ended December 31, 2009 and 2008, respectively.\"}],\"order\":13,\"text\":\"FIS employees participate in an Employee Stock Purchase Plan (ESPP). Eligible employees may voluntarily\\npurchase, at current market prices, shares of FIS’ common stock through payroll deductions. Pursuant to the ESPP,\\nemployees may contribute an amount between 3% and 15% of their base salary and certain commissions. Shares\\npurchased are allocated to employees based upon their contributions. The Company contributes varying matching\\namounts as specified in the ESPP. The Company recorded an expense of $14.3 million, $12.4 million and\\n$14.3 million, respectively, for the years ended December 31, 2010, 2009 and 2008, relating to the participation of\\nFIS employees in the ESPP. Included in discontinued operations in the Consolidated Statements of Earnings was\\nexpense of $0.1 million and $3.0 million for the years ended December 31, 2009 and 2008, respectively.\"},{\"bbox\":[205.3,1632.1,519.3,1664.8],\"lines\":[{\"bbox\":[205.3,1632.1,519.3,1664.8],\"text\":\"401(k) Profit Sharing Plan\"}],\"order\":14,\"text\":\"401(k) Profit Sharing Plan\"},{\"bbox\":[171.1,1690.0,1442.9,1946.0],\"lines\":[{\"bbox\":[231.6,1691.4,1442.8,1746.1],\"text\":\"The Company’s employees are covered by a qualified 401(k) plan. Eligible employees may contribute up to\"},{\"bbox\":[175.2,1723.4,1441.9,1779.5],\"text\":\"40% of their pretax annual compensation, up to the amount allowed pursuant to the Internal Revenue Code. The\"},{\"bbox\":[174.4,1756.6,1440.8,1812.7],\"text\":\"Company generally matches 50% of each dollar of employee contribution up to 6% of the employee’s total eligible\"},{\"bbox\":[173.6,1790.0,1440.5,1846.1],\"text\":\"compensation. The Company recorded expense of $23.1 million, $16.6 million and $18.5 million, respectively, for\"},{\"bbox\":[172.8,1823.3,1439.6,1879.4],\"text\":\"the years ended December 31, 2010, 2009 and 2008, relating to the participation of FIS employees in the 401(k)\"},{\"bbox\":[171.9,1856.6,1438.4,1912.7],\"text\":\"plan. Included in discontinued operations in the Consolidated Statements of Earnings was expense of $0.1 million\"},{\"bbox\":[171.1,1889.9,1086.1,1937.5],\"text\":\"and $3.9 million for the years ended December 31, 2009 and 2008, respectively.\"}],\"order\":15,\"text\":\"The Company’s employees are covered by a qualified 401(k) plan. Eligible employees may contribute up to\\n40% of their pretax annual compensation, up to the amount allowed pursuant to the Internal Revenue Code. The\\nCompany generally matches 50% of each dollar of employee contribution up to 6% of the employee’s total eligible\\ncompensation. The Company recorded expense of $23.1 million, $16.6 million and $18.5 million, respectively, for\\nthe years ended December 31, 2010, 2009 and 2008, relating to the participation of FIS employees in the 401(k)\\nplan. Included in discontinued operations in the Consolidated Statements of Earnings was expense of $0.1 million\\nand $3.9 million for the years ended December 31, 2009 and 2008, respectively.\"},{\"bbox\":[788.9,1971.5,817.3,1997.6],\"lines\":[{\"bbox\":[788.9,1971.5,817.3,1997.6],\"text\":\"83\"}],\"order\":16,\"text\":\"83\"}],\"doc\":\"fintabnet:FIS_2010\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"FIDELITY NATIONAL INFORMATION SERVICES, INC.\\nAND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nFuture minimum operating lease payments for leases with remaining terms greater than one year for each of\\nthe years in the five years ending December 31, 2015, and thereafter in the aggregate, are as follows (in millions):\\n\\n| 2011 | $65.1 |\\n| --- | --- |\\n| 2012 | 47.6 |\\n| 2013 | 35.7 |\\n| 2014 | 27.8 |\\n| 2015 | 24.3 |\\n| Thereafter | 78.1 |\\n| Total | $278.6 |\\n\\nIn addition, the Company has operating lease commitments relating to office equipment and computer\\nhardware with annual lease payments of approximately $16.3 million per year which renew on a short-term basis.\\n\\nRent expense incurred under all operating leases during the years ended December 31, 2010, 2009 and 2008\\nwas $116.1 million, $100.2 million and $117.0 million, respectively. Included in discontinued operations in the\\nConsolidated Statements of Earnings was rent expense of $2.0 million, $1.8 million and $17.0 million for the years\\nended December 31, 2010, 2009 and 2008, respectively.\\n\\nData Processing and Maintenance Services Agreements. The Company has agreements with various\\nvendors, which expire between 2011 and 2017, for portions of its computer data processing operations and related\\nfunctions. The Company’s estimated aggregate contractual obligation remaining under these agreements was\\napproximately $554.3 million as of December 31, 2010. However, this amount could be more or less depending on\\nvarious factors such as the inflation rate, foreign exchange rates, the introduction of significant new technologies, or\\nchanges in the Company’s data processing needs.\\n\\n(16)\\n\\nEmployee Benefit Plans\\n\\nStock Purchase Plan\\n\\nFIS employees participate in an Employee Stock Purchase Plan (ESPP). Eligible employees may voluntarily\\npurchase, at current market prices, shares of FIS’ common stock through payroll deductions. Pursuant to the ESPP,\\nemployees may contribute an amount between 3% and 15% of their base salary and certain commissions. Shares\\npurchased are allocated to employees based upon their contributions. The Company contributes varying matching\\namounts as specified in the ESPP. The Company recorded an expense of $14.3 million, $12.4 million and\\n$14.3 million, respectively, for the years ended December 31, 2010, 2009 and 2008, relating to the participation of\\nFIS employees in the ESPP. Included in discontinued operations in the Consolidated Statements of Earnings was\\nexpense of $0.1 million and $3.0 million for the years ended December 31, 2009 and 2008, respectively.\\n\\n401(k) Profit Sharing Plan\\n\\nThe Company’s employees are covered by a qualified 401(k) plan. Eligible employees may contribute up to\\n40% of their pretax annual compensation, up to the amount allowed pursuant to the Internal Revenue Code. The\\nCompany generally matches 50% of each dollar of employee contribution up to 6% of the employee’s total eligible\\ncompensation. The Company recorded expense of $23.1 million, $16.6 million and $18.5 million, respectively, for\\nthe years ended December 31, 2010, 2009 and 2008, relating to the participation of FIS employees in the 401(k)\\nplan. Included in discontinued operations in the Consolidated Statements of Earnings was expense of $0.1 million\\nand $3.9 million for the years ended December 31, 2009 and 2008, respectively.\\n\\n83\",\"name\":\"fintabnet.FIS_2010_page_89__200dpi_medium\",\"page_id\":\"fintabnet.FIS_2010_page_89\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.387,\"source\":\"fintabnet\",\"source_id\":\"FIS_2010_page_89\",\"stack\":[{\"deg\":-1.387,\"op\":\"skew\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":2.643,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":6.025},{\"op\":\"jpeg\",\"q\":56}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[257.3,378.6,1419.2,679.3],\"block_orders\":[3,4,5,6],\"cells\":[{\"bbox\":[263.2,381.9,319.4,411.0],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\"2011\"},{\"bbox\":[1342.1,408.0,1419.1,437.6],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"$65.1\"},{\"bbox\":[262.2,420.7,318.5,449.9],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"2012\"},{\"bbox\":[1368.8,447.5,1418.1,476.5],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"47.6\"},{\"bbox\":[261.3,459.6,317.5,488.8],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"2013\"},{\"bbox\":[1367.9,486.4,1417.2,515.4],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"35.7\"},{\"bbox\":[260.4,498.5,316.6,527.7],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"2014\"},{\"bbox\":[1367.0,525.3,1416.3,554.3],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"27.8\"},{\"bbox\":[259.4,537.4,315.7,566.5],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"2015\"},{\"bbox\":[1366.0,564.2,1415.3,593.2],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"24.3\"},{\"bbox\":[258.5,576.3,374.8,606.9],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Thereafter\"},{\"bbox\":[1365.1,603.1,1414.4,632.0],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"78.1\"},{\"bbox\":[257.3,623.5,314.8,652.7],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Total\"},{\"bbox\":[1336.2,649.6,1413.3,679.3],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"$278.6\"}]}],\"text\":\"FIDELITY NATIONAL INFORMATION SERVICES, INC.\\nAND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nFuture minimum operating lease payments for leases with remaining terms greater than one year for each of\\nthe years in the five years ending December 31, 2015, and thereafter in the aggregate, are as follows (in millions):\\n\\n2011 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 65.1\\n47.6\\n35.7\\n27.8\\n24.3\\n78.1\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$278.6\\n\\nIn addition, the Company has operating lease commitments relating to office equipment and computer\\nhardware with annual lease payments of approximately $16.3 million per year which renew on a short-term basis.\\n\\nRent expense incurred under all operating leases during the years ended December 31, 2010, 2009 and 2008\\nwas $116.1 million, $100.2 million and $117.0 million, respectively. Included in discontinued operations in the\\nConsolidated Statements of Earnings was rent expense of $2.0 million, $1.8 million and $17.0 million for the years\\nended December 31, 2010, 2009 and 2008, respectively.\\n\\nData Processing and Maintenance Services Agreements. The Company has agreements with various\\nvendors, which expire between 2011 and 2017, for portions of its computer data processing operations and related\\nfunctions. The Company’s estimated aggregate contractual obligation remaining under these agreements was\\napproximately $554.3 million as of December 31, 2010. However, this amount could be more or less depending on\\nvarious factors such as the inflation rate, foreign exchange rates, the introduction of significant new technologies, or\\nchanges in the Company’s data processing needs.\\n\\n(16)\\n\\nEmployee Benefit Plans\\n\\nStock Purchase Plan\\n\\nFIS employees participate in an Employee Stock Purchase Plan (ESPP). Eligible employees may voluntarily\\npurchase, at current market prices, shares of FIS’ common stock through payroll deductions. Pursuant to the ESPP,\\nemployees may contribute an amount between 3% and 15% of their base salary and certain commissions. Shares\\npurchased are allocated to employees based upon their contributions. The Company contributes varying matching\\namounts as specified in the ESPP. The Company recorded an expense of $14.3 million, $12.4 million and\\n$14.3 million, respectively, for the years ended December 31, 2010, 2009 and 2008, relating to the participation of\\nFIS employees in the ESPP. Included in discontinued operations in the Consolidated Statements of Earnings was\\nexpense of $0.1 million and $3.0 million for the years ended December 31, 2009 and 2008, respectively.\\n\\n401(k) Profit Sharing Plan\\n\\nThe Company’s employees are covered by a qualified 401(k) plan. Eligible employees may contribute up to\\n40% of their pretax annual compensation, up to the amount allowed pursuant to the Internal Revenue Code. The\\nCompany generally matches 50% of each dollar of employee contribution up to 6% of the employee’s total eligible\\ncompensation. The Company recorded expense of $23.1 million, $16.6 million and $18.5 million, respectively, for\\nthe years ended December 31, 2010, 2009 and 2008, relating to the participation of FIS employees in the 401(k)\\nplan. Included in discontinued operations in the Consolidated Statements of Earnings was expense of $0.1 million\\nand $3.9 million for the years ended December 31, 2009 and 2008, respectively.\\n\\n83\"},\"name\":\"fintabnet.FIS_2010_page_89__200dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":317514,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:FIS_2010\",\"dpi\":200,\"gt_sha256\":\"12ab596c8cc6ecd8b1fdacdea0262635f2c651d40fb2cb6b88aba1f6542f4c3c\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.FIS_2010_page_89__200dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.FIS_2010_page_89\",\"pdf_sha256\":\"3e20548cd57a3f2d4ffda9adda0238a0564e5f01f3840b0a08e185185a079143\",\"px\":[1650,2150],\"scan\":{\"render\":\"00000ff03ffc000400043ffc3ffc3ffc3f7c38003ffc3ffc38003ffc05c00000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"FIS_2010_page_89\",\"src\":{\"file_sha256\":\"41fc189bd2333dcfcae8252bb36141a3127f01b4d1742feb08b0da86d348ced4\",\"render\":\"00000ff03ffc200420041ffc3ffc3ffc3f0038003ffc3ffc38003ffc13800000\",\"text\":\"512c064b1efe044d6042632da3524c925e3f28ee39a19f4efa7e88c3e76cfffc\"},\"stack\":[{\"deg\":-1.387,\"op\":\"skew\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":2.643,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":6.025},{\"op\":\"jpeg\",\"q\":56}],\"tools\":\"21647cade0ee\"},\"sha256\":\"3e20548cd57a3f2d4ffda9adda0238a0564e5f01f3840b0a08e185185a079143\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/3e20548cd57a3f2d4ffda9adda0238a0564e5f01f3840b0a08e185185a079143.pdf","asset_sha256":"3e20548cd57a3f2d4ffda9adda0238a0564e5f01f3840b0a08e185185a079143","document_id":"fintabnet:FIS_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FIS_2010_page_89\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FITB_2013_page_145\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:FITB_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[254.3,44.1,553.5,69.2],\"lines\":[{\"bbox\":[254.3,44.1,553.5,69.2],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"}],\"order\":0,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[30.9,94.5,387.7,272.6],\"lines\":[{\"bbox\":[30.9,106.7,94.8,124.2],\"text\":\"Debt securities\"},{\"bbox\":[31.5,109.4,381.8,139.0],\"text\":\"For certain U.S. Treasury obligations and federal agency securities,\"},{\"bbox\":[32.2,124.3,382.5,153.9],\"text\":\"the plan measures the fair value based on quoted prices, which are\"},{\"bbox\":[32.8,139.1,383.1,168.8],\"text\":\"available in an active market and classifies these investments within\"},{\"bbox\":[33.4,153.9,383.8,183.6],\"text\":\"Level 1 of the valuation hierarchy. Where quoted prices are not\"},{\"bbox\":[34.1,168.7,384.6,198.4],\"text\":\"available, the plan measures the fair value of these investments\"},{\"bbox\":[34.7,183.6,385.1,213.2],\"text\":\"based on matrix pricing models that include the bid price, which\"},{\"bbox\":[35.3,198.4,385.7,228.0],\"text\":\"factors in the yield curve and other characteristics of the security\"},{\"bbox\":[36.0,213.2,386.3,242.9],\"text\":\"including the interest rate, prepayment speeds and length of\"},{\"bbox\":[36.6,228.0,387.1,257.7],\"text\":\"maturity. Therefore, these investments are classified within Level 2\"},{\"bbox\":[37.2,252.1,171.5,272.6],\"text\":\"of the valuation hierarchy.\"}],\"order\":1,\"text\":\"Debt securities\\nFor certain U.S. Treasury obligations and federal agency securities,\\nthe plan measures the fair value based on quoted prices, which are\\navailable in an active market and classifies these investments within\\nLevel 1 of the valuation hierarchy. Where quoted prices are not\\navailable, the plan measures the fair value of these investments\\nbased on matrix pricing models that include the bid price, which\\nfactors in the yield curve and other characteristics of the security\\nincluding the interest rate, prepayment speeds and length of\\nmaturity. Therefore, these investments are classified within Level 2\\nof the valuation hierarchy.\"},{\"bbox\":[430.5,87.5,532.3,107.4],\"lines\":[{\"bbox\":[430.5,87.5,532.3,107.4],\"text\":\"Plan Assumptions\"}],\"order\":2,\"text\":\"Plan Assumptions\"},{\"bbox\":[431.2,92.4,787.2,255.6],\"lines\":[{\"bbox\":[431.2,92.4,781.4,122.0],\"text\":\"The plan assumptions are evaluated annually and are updated as\"},{\"bbox\":[431.8,107.3,782.2,136.9],\"text\":\"necessary. The discount rate assumption reflects the yield on a\"},{\"bbox\":[432.4,122.1,782.8,151.8],\"text\":\"portfolio of high quality fixed-income instruments that have a\"},{\"bbox\":[433.1,136.9,783.4,166.6],\"text\":\"similar duration to the plan’s liabilities. The expected long-term rate\"},{\"bbox\":[433.7,151.7,784.1,181.4],\"text\":\"of return assumption reflects the average return expected on the\"},{\"bbox\":[434.3,166.6,784.6,196.2],\"text\":\"assets invested to provide for the plan’s liabilities. In determining\"},{\"bbox\":[435.0,181.4,785.3,211.0],\"text\":\"the expected long-term rate of return, the Bancorp evaluated\"},{\"bbox\":[435.6,196.2,785.9,225.9],\"text\":\"actuarial and economic inputs, including long-term inflation rate\"},{\"bbox\":[436.2,211.0,786.6,240.7],\"text\":\"assumptions and broad equity and bond indices long-term return\"},{\"bbox\":[436.9,226.2,780.6,255.6],\"text\":\"projections, as well as actual long-term historical plan performance.\"}],\"order\":3,\"text\":\"The plan assumptions are evaluated annually and are updated as\\nnecessary. The discount rate assumption reflects the yield on a\\nportfolio of high quality fixed-income instruments that have a\\nsimilar duration to the plan’s liabilities. The expected long-term rate\\nof return assumption reflects the average return expected on the\\nassets invested to provide for the plan’s liabilities. In determining\\nthe expected long-term rate of return, the Bancorp evaluated\\nactuarial and economic inputs, including long-term inflation rate\\nassumptions and broad equity and bond indices long-term return\\nprojections, as well as actual long-term historical plan performance.\"},{\"bbox\":[38.5,268.0,489.7,302.0],\"lines\":[{\"bbox\":[38.5,268.0,489.7,302.0],\"text\":\"The following table summarizes the plan assumptions for the years ended December 31:\"}],\"order\":4,\"text\":\"The following table summarizes the plan assumptions for the years ended December 31:\"},{\"bbox\":[39.9,311.0,254.7,451.8],\"lines\":[{\"bbox\":[39.9,313.6,188.0,333.2],\"text\":\"Weighted-Average Assumptions\"},{\"bbox\":[40.6,327.6,250.3,349.8],\"text\":\"For measuring benefit obligations at year end:\"},{\"bbox\":[93.2,346.3,156.1,362.2],\"text\":\"Discount rate\"},{\"bbox\":[93.9,357.5,234.6,376.8],\"text\":\"Rate of compensation increase\"},{\"bbox\":[94.5,372.1,235.7,391.3],\"text\":\"Expected return on plan assets\"},{\"bbox\":[43.1,387.1,226.4,408.1],\"text\":\"For measuring net periodic benefit cost:\"},{\"bbox\":[95.7,404.5,158.6,420.5],\"text\":\"Discount rate\"},{\"bbox\":[96.3,415.8,237.1,435.0],\"text\":\"Rate of compensation increase\"},{\"bbox\":[97.0,430.3,238.2,449.6],\"text\":\"Expected return on plan assets\"}],\"order\":5,\"text\":\"Weighted-Average Assumptions\\nFor measuring benefit obligations at year end:\\nDiscount rate\\nRate of compensation increase\\nExpected return on plan assets\\nFor measuring net periodic benefit cost:\\nDiscount rate\\nRate of compensation increase\\nExpected return on plan assets\"},{\"bbox\":[46.1,451.6,402.3,614.7],\"lines\":[{\"bbox\":[46.1,451.6,396.4,481.2],\"text\":\"Lowering both the expected rate of return on the plan assets and\"},{\"bbox\":[46.7,466.4,397.1,496.1],\"text\":\"the discount rate by 0.25% would have increased the 2013 pension\"},{\"bbox\":[47.4,481.2,397.8,510.9],\"text\":\"expense by approximately $1 million. Lowering the rate of\"},{\"bbox\":[48.0,496.0,398.2,525.7],\"text\":\"compensation increase by 0.25% would have an immaterial impact\"},{\"bbox\":[48.6,514.3,318.7,540.5],\"text\":\"on the Bancorp’s Consolidated Financial Statements.\"},{\"bbox\":[74.2,525.7,399.5,554.3],\"text\":\"Based on the actuarial assumptions, the Bancorp expects to\"},{\"bbox\":[49.9,540.6,400.3,570.2],\"text\":\"contribute $4 million to the plan in 2014. Estimated pension benefit\"},{\"bbox\":[50.5,555.4,401.0,585.1],\"text\":\"payments, which reflect expected future service, are $18 million in\"},{\"bbox\":[51.2,570.2,401.5,599.9],\"text\":\"2014, $18 million in 2015, $16 million in 2016, $15 million in 2017\"},{\"bbox\":[51.8,585.0,402.1,614.7],\"text\":\"and $14 million in 2018. The total estimated payments for the years\"}],\"order\":6,\"text\":\"Lowering both the expected rate of return on the plan assets and\\nthe discount rate by 0.25% would have increased the 2013 pension\\nexpense by approximately $1 million. Lowering the rate of\\ncompensation increase by 0.25% would have an immaterial impact\\non the Bancorp’s Consolidated Financial Statements.\\nBased on the actuarial assumptions, the Bancorp expects to\\ncontribute $4 million to the plan in 2014. Estimated pension benefit\\npayments, which reflect expected future service, are $18 million in\\n2014, $18 million in 2015, $16 million in 2016, $15 million in 2017\\nand $14 million in 2018. The total estimated payments for the years\"},{\"bbox\":[548.1,297.4,569.9,311.6],\"lines\":[{\"bbox\":[548.1,297.4,569.9,311.6],\"text\":\"2013\"}],\"order\":7,\"text\":\"2013\"},{\"bbox\":[651.7,292.9,674.5,307.1],\"lines\":[{\"bbox\":[651.7,292.9,674.5,307.1],\"text\":\"2012\"}],\"order\":8,\"text\":\"2012\"},{\"bbox\":[735.0,289.4,757.8,303.6],\"lines\":[{\"bbox\":[735.0,289.4,757.8,303.6],\"text\":\"2011\"}],\"order\":9,\"text\":\"2011\"},{\"bbox\":[559.8,327.7,594.0,371.5],\"lines\":[{\"bbox\":[559.8,327.7,592.8,342.3],\"text\":\"4.72 %\"},{\"bbox\":[560.4,342.8,580.6,356.9],\"text\":\"4.00\"},{\"bbox\":[561.1,357.4,581.2,371.5],\"text\":\"7.50\"}],\"order\":10,\"text\":\"4.72 %\\n4.00\\n7.50\"},{\"bbox\":[664.4,323.8,685.4,367.0],\"lines\":[{\"bbox\":[664.4,323.8,684.2,337.9],\"text\":\"3.83\"},{\"bbox\":[665.0,338.3,684.8,352.5],\"text\":\"4.00\"},{\"bbox\":[665.6,352.9,685.4,367.0],\"text\":\"8.00\"}],\"order\":11,\"text\":\"3.83\\n4.00\\n8.00\"},{\"bbox\":[747.6,320.2,768.7,363.5],\"lines\":[{\"bbox\":[747.6,320.2,767.4,334.3],\"text\":\"4.27\"},{\"bbox\":[748.3,334.8,768.0,348.9],\"text\":\"5.00\"},{\"bbox\":[748.9,349.4,768.7,363.5],\"text\":\"8.25\"}],\"order\":12,\"text\":\"4.27\\n5.00\\n8.25\"},{\"bbox\":[562.3,386.5,583.7,429.8],\"lines\":[{\"bbox\":[562.3,386.5,582.5,400.6],\"text\":\"3.83\"},{\"bbox\":[562.9,401.1,583.1,415.2],\"text\":\"4.00\"},{\"bbox\":[563.5,415.6,583.7,429.8],\"text\":\"7.50\"}],\"order\":13,\"text\":\"3.83\\n4.00\\n7.50\"},{\"bbox\":[666.9,382.1,687.9,425.3],\"lines\":[{\"bbox\":[666.9,382.1,686.6,396.2],\"text\":\"4.27\"},{\"bbox\":[667.5,396.6,687.3,410.7],\"text\":\"5.00\"},{\"bbox\":[668.1,411.2,687.9,425.3],\"text\":\"8.00\"}],\"order\":14,\"text\":\"4.27\\n5.00\\n8.00\"},{\"bbox\":[750.1,378.5,771.1,421.8],\"lines\":[{\"bbox\":[750.1,378.5,769.9,392.6],\"text\":\"5.39\"},{\"bbox\":[750.7,393.1,770.5,407.2],\"text\":\"5.00\"},{\"bbox\":[751.4,407.7,771.1,421.8],\"text\":\"8.25\"}],\"order\":15,\"text\":\"5.39\\n5.00\\n8.25\"},{\"bbox\":[445.7,442.1,617.8,464.2],\"lines\":[{\"bbox\":[445.7,442.1,617.8,464.2],\"text\":\"2019 through 2023 is $63 million.\"}],\"order\":16,\"text\":\"2019 through 2023 is $63 million.\"},{\"bbox\":[447.0,470.3,639.8,494.1],\"lines\":[{\"bbox\":[447.0,470.3,639.8,494.1],\"text\":\"Investment Policies and Strategies\"}],\"order\":17,\"text\":\"Investment Policies and Strategies\"},{\"bbox\":[447.6,479.0,801.8,597.7],\"lines\":[{\"bbox\":[447.6,479.0,798.0,508.7],\"text\":\"The Bancorp’s policy for the investment of plan assets is to employ\"},{\"bbox\":[448.3,493.8,798.6,523.5],\"text\":\"investment strategies that achieve a range of weighted-average target\"},{\"bbox\":[448.9,508.7,799.2,538.3],\"text\":\"asset allocations relating to equity securities (including the Bancorp’s\"},{\"bbox\":[449.5,523.6,800.0,553.2],\"text\":\"common stock), fixed income securities (including federal agency\"},{\"bbox\":[450.2,538.4,800.5,568.0],\"text\":\"obligations, corporate bonds and notes), alternative strategies\"},{\"bbox\":[450.8,553.2,801.0,582.9],\"text\":\"(including traditional mutual funds, precious metals and\"},{\"bbox\":[451.4,577.8,572.5,597.7],\"text\":\"commodities) and cash.\"}],\"order\":18,\"text\":\"The Bancorp’s policy for the investment of plan assets is to employ\\ninvestment strategies that achieve a range of weighted-average target\\nasset allocations relating to equity securities (including the Bancorp’s\\ncommon stock), fixed income securities (including federal agency\\nobligations, corporate bonds and notes), alternative strategies\\n(including traditional mutual funds, precious metals and\\ncommodities) and cash.\"},{\"bbox\":[53.2,601.6,803.8,663.1],\"lines\":[{\"bbox\":[53.2,601.6,803.2,648.3],\"text\":\"The following table provides the Bancorp’s targeted and actual weighted-average asset allocations by asset category for the years ended December\"},{\"bbox\":[53.8,647.6,69.7,663.1],\"text\":\"31:\"}],\"order\":19,\"text\":\"The following table provides the Bancorp’s targeted and actual weighted-average asset allocations by asset category for the years ended December\\n31:\"},{\"bbox\":[55.2,674.5,213.6,799.4],\"lines\":[{\"bbox\":[55.2,674.5,209.1,694.4],\"text\":\"Weighted-average asset allocation\"},{\"bbox\":[55.9,693.4,131.7,709.9],\"text\":\"Equity securities\"},{\"bbox\":[56.5,706.5,167.3,724.5],\"text\":\"Bancorp common stock\"},{\"bbox\":[57.2,722.3,164.6,740.1],\"text\":\"Total equity securities (a)\"},{\"bbox\":[57.8,735.8,189.9,754.7],\"text\":\"Total fixed income securities\"},{\"bbox\":[58.4,751.9,154.3,769.3],\"text\":\"Alternative strategies\"},{\"bbox\":[59.0,769.3,89.5,783.9],\"text\":\"Cash (b)\"},{\"bbox\":[59.7,785.1,84.5,799.4],\"text\":\"Total\"}],\"order\":20,\"text\":\"Weighted-average asset allocation\\nEquity securities\\nBancorp common stock\\nTotal equity securities (a)\\nTotal fixed income securities\\nAlternative strategies\\nCash (b)\\nTotal\"},{\"bbox\":[60.4,801.2,71.9,826.5],\"lines\":[{\"bbox\":[60.4,801.2,71.4,814.1],\"text\":\"(a)\"},{\"bbox\":[60.9,813.6,71.9,826.5],\"text\":\"(b)\"}],\"order\":21,\"text\":\"(a)\\n(b)\"},{\"bbox\":[549.3,657.1,618.3,673.3],\"lines\":[{\"bbox\":[549.3,657.1,618.3,673.3],\"text\":\"Targeted range\"}],\"order\":22,\"text\":\"Targeted range\"},{\"bbox\":[583.0,702.7,626.4,761.5],\"lines\":[{\"bbox\":[583.0,702.7,624.6,717.8],\"text\":\"39-78 %\"},{\"bbox\":[583.7,717.9,610.1,732.3],\"text\":\"11-41\"},{\"bbox\":[589.9,732.5,610.7,746.7],\"text\":\"0-18\"},{\"bbox\":[590.5,747.1,611.3,761.2],\"text\":\"0-10\"}],\"order\":23,\"text\":\"39-78 %\\n11-41\\n0-18\\n0-10\"},{\"bbox\":[659.8,654.4,681.6,668.6],\"lines\":[{\"bbox\":[659.8,654.4,681.6,668.6],\"text\":\"2013\"}],\"order\":24,\"text\":\"2013\"},{\"bbox\":[677.3,668.7,715.6,773.0],\"lines\":[{\"bbox\":[682.0,668.7,711.8,683.3],\"text\":\"65 %\"},{\"bbox\":[688.1,684.1,694.2,697.6],\"text\":\"2\"},{\"bbox\":[683.3,699.7,695.0,713.5],\"text\":\"67\"},{\"bbox\":[683.9,714.3,695.6,728.1],\"text\":\"22\"},{\"bbox\":[690.0,728.9,696.1,742.4],\"text\":\"7\"},{\"bbox\":[690.6,743.5,696.8,757.0],\"text\":\"4\"},{\"bbox\":[681.1,758.3,715.6,773.0],\"text\":\"100 %\"}],\"order\":25,\"text\":\"65 %\\n2\\n67\\n22\\n7\\n4\\n100 %\"},{\"bbox\":[747.9,650.1,788.9,770.0],\"lines\":[{\"bbox\":[747.9,650.6,770.6,664.9],\"text\":\"2012\"},{\"bbox\":[770.5,665.8,782.2,679.5],\"text\":\"76\"},{\"bbox\":[776.6,680.3,782.7,693.9],\"text\":\"1\"},{\"bbox\":[771.8,696.0,783.5,709.7],\"text\":\"77\"},{\"bbox\":[772.4,710.5,784.1,724.3],\"text\":\"20\"},{\"bbox\":[783.4,725.0,787.6,738.4],\"text\":\"-\"},{\"bbox\":[779.1,739.7,785.3,753.2],\"text\":\"3\"},{\"bbox\":[768.7,755.3,785.9,769.3],\"text\":\"100\"}],\"order\":26,\"text\":\"2012\\n76\\n1\\n77\\n20\\n-\\n3\\n100\"},{\"bbox\":[85.3,781.3,538.9,825.5],\"lines\":[{\"bbox\":[85.3,793.8,244.0,813.0],\"text\":\"Includes mutual and exchange traded funds\"},{\"bbox\":[85.9,793.8,538.9,825.5],\"text\":\"Cash was held in a Federated Prime Cash Obligation Fund in 2013 and in a Fifth Third Money Market Fund in 2012.\"}],\"order\":27,\"text\":\"Includes mutual and exchange traded funds\\nCash was held in a Federated Prime Cash Obligation Fund in 2013 and in a Fifth Third Money Market Fund in 2012.\"},{\"bbox\":[62.0,824.1,420.0,1031.7],\"lines\":[{\"bbox\":[62.0,824.1,412.3,853.8],\"text\":\"The risk tolerance for the plan is determined by management to be\"},{\"bbox\":[62.6,839.0,412.9,868.6],\"text\":\"“moderate to aggressive”, recognizing that higher returns involve\"},{\"bbox\":[63.2,853.8,413.5,883.5],\"text\":\"some volatility and that periodic declines in the portfolio’s value are\"},{\"bbox\":[63.9,868.6,414.2,898.3],\"text\":\"tolerated in an effort to achieve real capital growth. There were no\"},{\"bbox\":[64.5,883.4,414.8,913.1],\"text\":\"significant concentrations of risk associated with the investments of\"},{\"bbox\":[65.1,898.2,415.5,927.9],\"text\":\"the Bancorp’s benefit and retirement plan at December 31, 2013\"},{\"bbox\":[65.7,925.9,115.9,942.8],\"text\":\"and 2012.\"},{\"bbox\":[91.4,928.0,416.7,956.6],\"text\":\"Permitted asset classes of the plan include cash and cash\"},{\"bbox\":[67.0,942.8,417.3,972.5],\"text\":\"equivalents, fixed income (domestic and non-U.S. bonds), equities\"},{\"bbox\":[67.6,957.6,417.9,987.3],\"text\":\"(U.S., non-U.S., emerging markets and REITS), equipment leasing,\"},{\"bbox\":[68.3,972.4,418.6,1002.1],\"text\":\"precious metals, commodity transactions and mortgages. The plan\"},{\"bbox\":[68.9,987.2,419.3,1016.9],\"text\":\"utilizes derivative instruments including puts, calls, straddles or\"},{\"bbox\":[69.5,1002.1,419.9,1031.7],\"text\":\"other option strategies, as approved by management. Per ERISA,\"}],\"order\":28,\"text\":\"The risk tolerance for the plan is determined by management to be\\n“moderate to aggressive”, recognizing that higher returns involve\\nsome volatility and that periodic declines in the portfolio’s value are\\ntolerated in an effort to achieve real capital growth. There were no\\nsignificant concentrations of risk associated with the investments of\\nthe Bancorp’s benefit and retirement plan at December 31, 2013\\nand 2012.\\nPermitted asset classes of the plan include cash and cash\\nequivalents, fixed income (domestic and non-U.S. bonds), equities\\n(U.S., non-U.S., emerging markets and REITS), equipment leasing,\\nprecious metals, commodity transactions and mortgages. The plan\\nutilizes derivative instruments including puts, calls, straddles or\\nother option strategies, as approved by management. Per ERISA,\"},{\"bbox\":[461.6,807.1,818.9,999.9],\"lines\":[{\"bbox\":[461.6,807.1,811.9,836.8],\"text\":\"the Bancorp’s common stock cannot exceed ten percent of the fair\"},{\"bbox\":[462.2,832.5,564.2,851.6],\"text\":\"value of plan assets.\"},{\"bbox\":[487.8,836.8,813.3,865.4],\"text\":\"Fifth Third Bank, as Trustee, is expected to manage the plan\"},{\"bbox\":[463.5,851.6,813.8,881.3],\"text\":\"assets in a manner consistent with the plan agreement and other\"},{\"bbox\":[464.1,866.4,814.5,896.1],\"text\":\"regulatory, federal and state laws. The Fifth Third Bank Pension,\"},{\"bbox\":[464.8,881.2,815.1,910.9],\"text\":\"Profit Sharing and Medical Plan Committee (the “Committee”) is\"},{\"bbox\":[465.4,896.1,815.6,925.8],\"text\":\"the plan administrator. The Trustee is required to provide to the\"},{\"bbox\":[466.0,911.0,816.3,940.6],\"text\":\"Committee monthly and quarterly reports covering a list of plan\"},{\"bbox\":[466.6,925.8,816.9,955.5],\"text\":\"assets, portfolio performance, transactions and asset allocation. The\"},{\"bbox\":[467.3,940.6,817.5,970.3],\"text\":\"Trustee is also required to keep the Committee apprised of any\"},{\"bbox\":[467.9,955.4,818.3,985.1],\"text\":\"material changes in the Trustee’s outlook and recommended\"},{\"bbox\":[468.5,981.2,562.2,999.9],\"text\":\"investment policy.\"}],\"order\":29,\"text\":\"the Bancorp’s common stock cannot exceed ten percent of the fair\\nvalue of plan assets.\\nFifth Third Bank, as Trustee, is expected to manage the plan\\nassets in a manner consistent with the plan agreement and other\\nregulatory, federal and state laws. The Fifth Third Bank Pension,\\nProfit Sharing and Medical Plan Committee (the “Committee”) is\\nthe plan administrator. The Trustee is required to provide to the\\nCommittee monthly and quarterly reports covering a list of plan\\nassets, portfolio performance, transactions and asset allocation. The\\nTrustee is also required to keep the Committee apprised of any\\nmaterial changes in the Trustee’s outlook and recommended\\ninvestment policy.\"},{\"bbox\":[691.4,1043.7,822.1,1064.1],\"lines\":[{\"bbox\":[691.4,1043.7,822.1,1064.1],\"text\":\"143 Fifth Third Bancorp\"}],\"order\":30,\"text\":\"143 Fifth Third Bancorp\"}],\"doc\":\"fintabnet:FITB_2013\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\nDebt securities\\nFor certain U.S. Treasury obligations and federal agency securities,\\nthe plan measures the fair value based on quoted prices, which are\\navailable in an active market and classifies these investments within\\nLevel 1 of the valuation hierarchy. Where quoted prices are not\\navailable, the plan measures the fair value of these investments\\nbased on matrix pricing models that include the bid price, which\\nfactors in the yield curve and other characteristics of the security\\nincluding the interest rate, prepayment speeds and length of\\nmaturity. Therefore, these investments are classified within Level 2\\nof the valuation hierarchy.\\n\\nPlan Assumptions\\n\\nThe plan assumptions are evaluated annually and are updated as\\nnecessary. The discount rate assumption reflects the yield on a\\nportfolio of high quality fixed-income instruments that have a\\nsimilar duration to the plan’s liabilities. The expected long-term rate\\nof return assumption reflects the average return expected on the\\nassets invested to provide for the plan’s liabilities. In determining\\nthe expected long-term rate of return, the Bancorp evaluated\\nactuarial and economic inputs, including long-term inflation rate\\nassumptions and broad equity and bond indices long-term return\\nprojections, as well as actual long-term historical plan performance.\\n\\nThe following table summarizes the plan assumptions for the years ended December 31:\\n\\nWeighted-Average Assumptions\\nFor measuring benefit obligations at year end:\\nDiscount rate\\nRate of compensation increase\\nExpected return on plan assets\\nFor measuring net periodic benefit cost:\\nDiscount rate\\nRate of compensation increase\\nExpected return on plan assets\\n\\nLowering both the expected rate of return on the plan assets and\\nthe discount rate by 0.25% would have increased the 2013 pension\\nexpense by approximately $1 million. Lowering the rate of\\ncompensation increase by 0.25% would have an immaterial impact\\non the Bancorp’s Consolidated Financial Statements.\\nBased on the actuarial assumptions, the Bancorp expects to\\ncontribute $4 million to the plan in 2014. Estimated pension benefit\\npayments, which reflect expected future service, are $18 million in\\n2014, $18 million in 2015, $16 million in 2016, $15 million in 2017\\nand $14 million in 2018. The total estimated payments for the years\\n\\n2013\\n\\n2012\\n\\n2011\\n\\n4.72 %\\n4.00\\n7.50\\n\\n3.83\\n4.00\\n8.00\\n\\n4.27\\n5.00\\n8.25\\n\\n3.83\\n4.00\\n7.50\\n\\n4.27\\n5.00\\n8.00\\n\\n5.39\\n5.00\\n8.25\\n\\n2019 through 2023 is $63 million.\\n\\nInvestment Policies and Strategies\\n\\nThe Bancorp’s policy for the investment of plan assets is to employ\\ninvestment strategies that achieve a range of weighted-average target\\nasset allocations relating to equity securities (including the Bancorp’s\\ncommon stock), fixed income securities (including federal agency\\nobligations, corporate bonds and notes), alternative strategies\\n(including traditional mutual funds, precious metals and\\ncommodities) and cash.\\n\\nThe following table provides the Bancorp’s targeted and actual weighted-average asset allocations by asset category for the years ended December\\n31:\\n\\nWeighted-average asset allocation\\nEquity securities\\nBancorp common stock\\nTotal equity securities (a)\\nTotal fixed income securities\\nAlternative strategies\\nCash (b)\\nTotal\\n\\n(a)\\n(b)\\n\\nTargeted range\\n\\n39-78 %\\n11-41\\n0-18\\n0-10\\n\\n2013\\n\\n65 %\\n2\\n67\\n22\\n7\\n4\\n100 %\\n\\n2012\\n76\\n1\\n77\\n20\\n-\\n3\\n100\\n\\nIncludes mutual and exchange traded funds\\nCash was held in a Federated Prime Cash Obligation Fund in 2013 and in a Fifth Third Money Market Fund in 2012.\\n\\nThe risk tolerance for the plan is determined by management to be\\n“moderate to aggressive”, recognizing that higher returns involve\\nsome volatility and that periodic declines in the portfolio’s value are\\ntolerated in an effort to achieve real capital growth. There were no\\nsignificant concentrations of risk associated with the investments of\\nthe Bancorp’s benefit and retirement plan at December 31, 2013\\nand 2012.\\nPermitted asset classes of the plan include cash and cash\\nequivalents, fixed income (domestic and non-U.S. bonds), equities\\n(U.S., non-U.S., emerging markets and REITS), equipment leasing,\\nprecious metals, commodity transactions and mortgages. The plan\\nutilizes derivative instruments including puts, calls, straddles or\\nother option strategies, as approved by management. Per ERISA,\\n\\nthe Bancorp’s common stock cannot exceed ten percent of the fair\\nvalue of plan assets.\\nFifth Third Bank, as Trustee, is expected to manage the plan\\nassets in a manner consistent with the plan agreement and other\\nregulatory, federal and state laws. The Fifth Third Bank Pension,\\nProfit Sharing and Medical Plan Committee (the “Committee”) is\\nthe plan administrator. The Trustee is required to provide to the\\nCommittee monthly and quarterly reports covering a list of plan\\nassets, portfolio performance, transactions and asset allocation. The\\nTrustee is also required to keep the Committee apprised of any\\nmaterial changes in the Trustee’s outlook and recommended\\ninvestment policy.\\n\\n143 Fifth Third Bancorp\",\"name\":\"fintabnet.FITB_2013_page_145__100dpi_heavy\",\"page_id\":\"fintabnet.FITB_2013_page_145\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.437,\"source\":\"fintabnet\",\"source_id\":\"FITB_2013_page_145\",\"stack\":[{\"deg\":2.437,\"op\":\"skew\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":7.974,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":12.91},{\"gain\":0.584,\"op\":\"contrast\"},{\"offset\":-0.001,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[39.9,289.0,771.1,451.8],\"block_orders\":[5,7,8,9,10,11,12,13,14,15],\"cells\":null},{\"bbox\":[55.2,648.8,788.9,799.4],\"block_orders\":[20,22,23,24,25,26],\"cells\":null}],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\nDebt securities\\nFor certain U.S. Treasury obligations and federal agency securities,\\nthe plan measures the fair value based on quoted prices, which are\\navailable in an active market and classifies these investments within\\nLevel 1 of the valuation hierarchy. Where quoted prices are not\\navailable, the plan measures the fair value of these investments\\nbased on matrix pricing models that include the bid price, which\\nfactors in the yield curve and other characteristics of the security\\nincluding the interest rate, prepayment speeds and length of\\nmaturity. Therefore, these investments are classified within Level 2\\nof the valuation hierarchy.\\n\\nPlan Assumptions\\n\\nThe plan assumptions are evaluated annually and are updated as\\nnecessary. The discount rate assumption reflects the yield on a\\nportfolio of high quality fixed-income instruments that have a\\nsimilar duration to the plan’s liabilities. The expected long-term rate\\nof return assumption reflects the average return expected on the\\nassets invested to provide for the plan’s liabilities. In determining\\nthe expected long-term rate of return, the Bancorp evaluated\\nactuarial and economic inputs, including long-term inflation rate\\nassumptions and broad equity and bond indices long-term return\\nprojections, as well as actual long-term historical plan performance.\\n\\nThe following table summarizes the plan assumptions for the years ended December 31:\\n\\nWeighted-Average Assumptions\\nFor measuring benefit obligations at year end:\\nDiscount rate\\nRate of compensation increase\\nExpected return on plan assets\\nFor measuring net periodic benefit cost:\\nDiscount rate\\nRate of compensation increase\\nExpected return on plan assets\\n\\nLowering both the expected rate of return on the plan assets and\\nthe discount rate by 0.25% would have increased the 2013 pension\\nexpense by approximately $1 million. Lowering the rate of\\ncompensation increase by 0.25% would have an immaterial impact\\non the Bancorp’s Consolidated Financial Statements.\\nBased on the actuarial assumptions, the Bancorp expects to\\ncontribute $4 million to the plan in 2014. Estimated pension benefit\\npayments, which reflect expected future service, are $18 million in\\n2014, $18 million in 2015, $16 million in 2016, $15 million in 2017\\nand $14 million in 2018. The total estimated payments for the years\\n\\n2013\\n\\n2012\\n\\n2011\\n\\n4.72 %\\n4.00\\n7.50\\n\\n3.83\\n4.00\\n8.00\\n\\n4.27\\n5.00\\n8.25\\n\\n3.83\\n4.00\\n7.50\\n\\n4.27\\n5.00\\n8.00\\n\\n5.39\\n5.00\\n8.25\\n\\n2019 through 2023 is $63 million.\\n\\nInvestment Policies and Strategies\\n\\nThe Bancorp’s policy for the investment of plan assets is to employ\\ninvestment strategies that achieve a range of weighted-average target\\nasset allocations relating to equity securities (including the Bancorp’s\\ncommon stock), fixed income securities (including federal agency\\nobligations, corporate bonds and notes), alternative strategies\\n(including traditional mutual funds, precious metals and\\ncommodities) and cash.\\n\\nThe following table provides the Bancorp’s targeted and actual weighted-average asset allocations by asset category for the years ended December\\n31:\\n\\nWeighted-average asset allocation\\nEquity securities\\nBancorp common stock\\nTotal equity securities (a)\\nTotal fixed income securities\\nAlternative strategies\\nCash (b)\\nTotal\\n\\n(a)\\n(b)\\n\\nTargeted range\\n\\n39-78 %\\n11-41\\n0-18\\n0-10\\n\\n2013\\n\\n65 %\\n2\\n67\\n22\\n7\\n4\\n100 %\\n\\n2012\\n76\\n1\\n77\\n20\\n-\\n3\\n100\\n\\nIncludes mutual and exchange traded funds\\nCash was held in a Federated Prime Cash Obligation Fund in 2013 and in a Fifth Third Money Market Fund in 2012.\\n\\nThe risk tolerance for the plan is determined by management to be\\n“moderate to aggressive”, recognizing that higher returns involve\\nsome volatility and that periodic declines in the portfolio’s value are\\ntolerated in an effort to achieve real capital growth. There were no\\nsignificant concentrations of risk associated with the investments of\\nthe Bancorp’s benefit and retirement plan at December 31, 2013\\nand 2012.\\nPermitted asset classes of the plan include cash and cash\\nequivalents, fixed income (domestic and non-U.S. bonds), equities\\n(U.S., non-U.S., emerging markets and REITS), equipment leasing,\\nprecious metals, commodity transactions and mortgages. The plan\\nutilizes derivative instruments including puts, calls, straddles or\\nother option strategies, as approved by management. Per ERISA,\\n\\nthe Bancorp’s common stock cannot exceed ten percent of the fair\\nvalue of plan assets.\\nFifth Third Bank, as Trustee, is expected to manage the plan\\nassets in a manner consistent with the plan agreement and other\\nregulatory, federal and state laws. The Fifth Third Bank Pension,\\nProfit Sharing and Medical Plan Committee (the “Committee”) is\\nthe plan administrator. The Trustee is required to provide to the\\nCommittee monthly and quarterly reports covering a list of plan\\nassets, portfolio performance, transactions and asset allocation. The\\nTrustee is also required to keep the Committee apprised of any\\nmaterial changes in the Trustee’s outlook and recommended\\ninvestment policy.\\n\\n143 Fifth Third Bancorp\"},\"name\":\"fintabnet.FITB_2013_page_145__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":33238,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:FITB_2013\",\"dpi\":100,\"gt_sha256\":\"7660b86da89d65a2fa1ce58e603b941cad069057bedcaca0ea707b24442f2b8c\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.FITB_2013_page_145__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.FITB_2013_page_145\",\"pdf_sha256\":\"f16db01aeef0674943e9235a7a11b395afadc4423329c18bd07b65f97181bdef\",\"px\":[850,1100],\"scan\":{\"render\":\"000000dc7efe7efc7faa30207a207efe7e6431f8600078007f7e7f7e7f400000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"FITB_2013_page_145\",\"src\":{\"file_sha256\":\"e046757e234e9f7aff48a45d96a14341c1f472e40551e3de0c1aba00c5dea947\",\"render\":\"000040407ffe607e7ffe30007e607efe7e607ffe600078007e7e7efe7e400000\",\"text\":\"cfdc4b3962465831d948e9bd1973565a6b16776752eeccb7979852cb95d79cca\"},\"stack\":[{\"deg\":2.437,\"op\":\"skew\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":7.974,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":12.91},{\"gain\":0.584,\"op\":\"contrast\"},{\"offset\":-0.001,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f16db01aeef0674943e9235a7a11b395afadc4423329c18bd07b65f97181bdef\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f16db01aeef0674943e9235a7a11b395afadc4423329c18bd07b65f97181bdef.pdf","asset_sha256":"f16db01aeef0674943e9235a7a11b395afadc4423329c18bd07b65f97181bdef","document_id":"fintabnet:FITB_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FITB_2013_page_145\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FITB_2013_page_84\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:FITB_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[420.9,138.0,2170.2,199.9],\"lines\":[{\"bbox\":[420.9,138.0,2170.2,199.9],\"text\":\"MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS\"}],\"order\":0,\"text\":\"MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS\"},{\"bbox\":[157.0,209.3,1220.4,1159.1],\"lines\":[{\"bbox\":[169.5,209.3,1220.3,268.5],\"text\":\"to 100 million shares of its outstanding common stock in the open\"},{\"bbox\":[168.9,253.8,1219.5,313.0],\"text\":\"market or in privately negotiated transactions, and to utilize any\"},{\"bbox\":[168.3,298.3,1218.7,357.5],\"text\":\"derivative or similar instrument to affect share repurchase\"},{\"bbox\":[167.7,342.8,1218.2,402.0],\"text\":\"transactions. This share repurchase authorization replaced the\"},{\"bbox\":[167.0,387.5,648.1,438.7],\"text\":\"Board’s previous authorization.\"},{\"bbox\":[241.4,433.1,1216.8,491.2],\"text\":\"On May 21, 2013, the Bancorp entered into an accelerated\"},{\"bbox\":[165.8,476.5,1216.3,535.7],\"text\":\"share repurchase transaction with a counterparty pursuant to which\"},{\"bbox\":[165.1,521.0,1215.5,580.2],\"text\":\"the Bancorp purchased 25,035,519 shares, or approximately $539\"},{\"bbox\":[164.5,565.5,1214.9,624.7],\"text\":\"million, of its outstanding common stock on May 24, 2013. The\"},{\"bbox\":[163.9,610.0,1214.5,669.2],\"text\":\"Bancorp repurchased the shares of its common stock as part of its\"},{\"bbox\":[163.3,654.5,1213.8,713.7],\"text\":\"100 million share repurchase program previously announced on\"},{\"bbox\":[162.6,699.0,1213.1,758.2],\"text\":\"March 19, 2013. At settlement of the forward contract on October\"},{\"bbox\":[162.0,743.8,1212.6,802.9],\"text\":\"1, 2013, the Bancorp received an additional 4,270,250 shares which\"},{\"bbox\":[161.4,788.3,1211.8,847.4],\"text\":\"were recorded as an adjustment to the basis in the treasury shares\"},{\"bbox\":[160.8,832.8,683.5,884.5],\"text\":\"purchased on the acquisition date.\"},{\"bbox\":[235.1,878.3,1210.3,936.4],\"text\":\"On November 13, 2013, the Bancorp entered into an\"},{\"bbox\":[159.5,921.7,1210.4,980.9],\"text\":\"accelerated share repurchase transaction with a counterparty\"},{\"bbox\":[158.9,966.2,1209.6,1025.4],\"text\":\"pursuant to which the Bancorp purchased 8,538,423 shares, or\"},{\"bbox\":[158.3,1010.7,1208.9,1069.9],\"text\":\"approximately $200 million, of its outstanding common stock on\"},{\"bbox\":[157.6,1055.2,1208.3,1114.4],\"text\":\"November 18, 2013. The Bancorp repurchased the shares of its\"},{\"bbox\":[157.0,1100.0,1207.5,1159.1],\"text\":\"common stock as part of its Board approved 100 million share\"}],\"order\":1,\"text\":\"to 100 million shares of its outstanding common stock in the open\\nmarket or in privately negotiated transactions, and to utilize any\\nderivative or similar instrument to affect share repurchase\\ntransactions. This share repurchase authorization replaced the\\nBoard’s previous authorization.\\nOn May 21, 2013, the Bancorp entered into an accelerated\\nshare repurchase transaction with a counterparty pursuant to which\\nthe Bancorp purchased 25,035,519 shares, or approximately $539\\nmillion, of its outstanding common stock on May 24, 2013. The\\nBancorp repurchased the shares of its common stock as part of its\\n100 million share repurchase program previously announced on\\nMarch 19, 2013. At settlement of the forward contract on October\\n1, 2013, the Bancorp received an additional 4,270,250 shares which\\nwere recorded as an adjustment to the basis in the treasury shares\\npurchased on the acquisition date.\\nOn November 13, 2013, the Bancorp entered into an\\naccelerated share repurchase transaction with a counterparty\\npursuant to which the Bancorp purchased 8,538,423 shares, or\\napproximately $200 million, of its outstanding common stock on\\nNovember 18, 2013. The Bancorp repurchased the shares of its\\ncommon stock as part of its Board approved 100 million share\"},{\"bbox\":[151.8,1192.7,835.5,1523.3],\"lines\":[{\"bbox\":[155.8,1192.7,726.0,1240.6],\"text\":\"TABLE 61: SHARE REPURCHASES\"},{\"bbox\":[155.1,1242.6,621.5,1289.1],\"text\":\"For the years ended December 31\"},{\"bbox\":[154.4,1292.6,776.1,1341.3],\"text\":\"Shares authorized for repurchase at January 1\"},{\"bbox\":[153.7,1336.4,524.7,1381.5],\"text\":\"Additional authorizations (a)\"},{\"bbox\":[153.1,1380.1,421.9,1423.8],\"text\":\"Share repurchases (b)\"},{\"bbox\":[152.5,1427.1,832.2,1476.6],\"text\":\"Shares authorized for repurchase at December 31\"},{\"bbox\":[151.8,1473.9,542.4,1519.3],\"text\":\"Average price paid per share\"}],\"order\":2,\"text\":\"TABLE 61: SHARE REPURCHASES\\nFor the years ended December 31\\nShares authorized for repurchase at January 1\\nAdditional authorizations (a)\\nShare repurchases (b)\\nShares authorized for repurchase at December 31\\nAverage price paid per share\"},{\"bbox\":[151.2,1520.3,183.2,1558.1],\"lines\":[{\"bbox\":[151.2,1520.3,183.2,1558.1],\"text\":\"(a)\"}],\"order\":3,\"text\":\"(a)\"},{\"bbox\":[149.6,1632.8,181.6,1670.6],\"lines\":[{\"bbox\":[149.6,1632.8,181.6,1670.6],\"text\":\"(b)\"}],\"order\":4,\"text\":\"(b)\"},{\"bbox\":[1357.5,226.2,2420.5,1131.3],\"lines\":[{\"bbox\":[1369.4,226.2,2420.0,285.4],\"text\":\"repurchase program previously announced on March 19, 2013. The\"},{\"bbox\":[1368.8,270.7,2419.5,329.9],\"text\":\"Bancorp expects the settlement of the transaction to occur on or\"},{\"bbox\":[1368.2,315.2,1764.1,365.1],\"text\":\"before February 28, 2014.\"},{\"bbox\":[1442.5,360.7,2417.7,418.8],\"text\":\"On December 10, 2013, the Bancorp entered into an\"},{\"bbox\":[1366.9,404.4,2417.8,463.6],\"text\":\"accelerated share repurchase transaction with a counterparty\"},{\"bbox\":[1366.3,448.9,2416.7,508.1],\"text\":\"pursuant to which the Bancorp purchased 19,084,195 shares, or\"},{\"bbox\":[1365.7,493.4,2416.3,552.6],\"text\":\"approximately $456 million, of its outstanding common stock on\"},{\"bbox\":[1365.0,537.9,2415.8,597.1],\"text\":\"December 13, 2013. The Bancorp repurchased the shares of its\"},{\"bbox\":[1364.4,582.4,2414.9,641.6],\"text\":\"common stock as part of its Board approved 100 million share\"},{\"bbox\":[1363.8,626.9,2414.3,686.1],\"text\":\"repurchase program previously announced on March 19, 2013. The\"},{\"bbox\":[1363.1,671.4,2413.9,730.6],\"text\":\"Bancorp expects the settlement of the transaction to occur on or\"},{\"bbox\":[1362.5,715.9,1719.9,765.3],\"text\":\"before March 26, 2014.\"},{\"bbox\":[1436.9,761.7,2412.5,819.8],\"text\":\"On January 28, 2014, the Bancorp entered into an accelerated\"},{\"bbox\":[1361.3,805.1,2411.8,864.3],\"text\":\"share repurchase transaction with a counterparty pursuant to which\"},{\"bbox\":[1360.6,849.6,2411.3,908.8],\"text\":\"the Bancorp purchased 3,950,705 shares, or approximately $99\"},{\"bbox\":[1360.0,894.1,2410.8,953.3],\"text\":\"million, of its outstanding common stock on January 31, 2014. The\"},{\"bbox\":[1359.4,938.6,2410.0,997.8],\"text\":\"Bancorp repurchased the shares of its common stock as part of its\"},{\"bbox\":[1358.8,983.1,2408.9,1042.3],\"text\":\"Board approved 100 million share repurchase program previously\"},{\"bbox\":[1358.1,1027.6,2409.2,1086.8],\"text\":\"announced on March 19, 2013. The Bancorp expects the settlement\"},{\"bbox\":[1357.5,1072.1,2225.5,1128.7],\"text\":\"of the transaction to occur on or before March 26, 2014.\"}],\"order\":5,\"text\":\"repurchase program previously announced on March 19, 2013. The\\nBancorp expects the settlement of the transaction to occur on or\\nbefore February 28, 2014.\\nOn December 10, 2013, the Bancorp entered into an\\naccelerated share repurchase transaction with a counterparty\\npursuant to which the Bancorp purchased 19,084,195 shares, or\\napproximately $456 million, of its outstanding common stock on\\nDecember 13, 2013. The Bancorp repurchased the shares of its\\ncommon stock as part of its Board approved 100 million share\\nrepurchase program previously announced on March 19, 2013. The\\nBancorp expects the settlement of the transaction to occur on or\\nbefore March 26, 2014.\\nOn January 28, 2014, the Bancorp entered into an accelerated\\nshare repurchase transaction with a counterparty pursuant to which\\nthe Bancorp purchased 3,950,705 shares, or approximately $99\\nmillion, of its outstanding common stock on January 31, 2014. The\\nBancorp repurchased the shares of its common stock as part of its\\nBoard approved 100 million share repurchase program previously\\nannounced on March 19, 2013. The Bancorp expects the settlement\\nof the transaction to occur on or before March 26, 2014.\"},{\"bbox\":[1511.9,1261.8,1687.1,1535.3],\"lines\":[{\"bbox\":[1587.2,1262.8,1651.6,1303.6],\"text\":\"2013\"},{\"bbox\":[1525.5,1311.9,1677.1,1354.0],\"text\":\"63,046,682\"},{\"bbox\":[1527.6,1354.0,1676.9,1396.0],\"text\":\"45,541,057\"},{\"bbox\":[1513.3,1397.5,1685.2,1439.8],\"text\":\"(65,516,126)\"},{\"bbox\":[1528.8,1446.5,1675.6,1488.4],\"text\":\"43,071,613\"},{\"bbox\":[1575.7,1493.9,1674.8,1535.2],\"text\":\"$ 18.80\"}],\"order\":6,\"text\":\"2013\\n63,046,682\\n45,541,057\\n(65,516,126)\\n43,071,613\\n$ 18.80\"},{\"bbox\":[1826.6,1266.2,1999.7,1539.7],\"lines\":[{\"bbox\":[1898.4,1267.2,1965.6,1308.0],\"text\":\"2012\"},{\"bbox\":[1840.9,1316.4,1989.9,1358.4],\"text\":\"19,201,518\"},{\"bbox\":[1840.3,1358.4,1989.3,1400.4],\"text\":\"86,269,178\"},{\"bbox\":[1828.0,1401.9,1997.7,1444.2],\"text\":\"(42,424,014)\"},{\"bbox\":[1839.0,1450.9,1988.0,1492.8],\"text\":\"63,046,682\"},{\"bbox\":[1887.6,1498.3,1987.1,1539.6],\"text\":\"$ 14.82\"}],\"order\":7,\"text\":\"2012\\n19,201,518\\n86,269,178\\n(42,424,014)\\n63,046,682\\n$ 14.82\"},{\"bbox\":[2150.9,1270.8,2303.1,1544.0],\"lines\":[{\"bbox\":[2210.9,1271.6,2278.1,1312.4],\"text\":\"2011\"},{\"bbox\":[2153.4,1320.8,2302.4,1362.8],\"text\":\"19,201,518\"},{\"bbox\":[2289.8,1364.7,2301.5,1404.7],\"text\":\"-\"},{\"bbox\":[2289.2,1408.4,2300.9,1448.5],\"text\":\"-\"},{\"bbox\":[2151.5,1455.3,2300.5,1497.2],\"text\":\"19,201,518\"},{\"bbox\":[2221.1,1503.0,2290.7,1543.9],\"text\":\"N/A\"}],\"order\":8,\"text\":\"2011\\n19,201,518\\n-\\n-\\n19,201,518\\nN/A\"},{\"bbox\":[224.1,1521.4,2401.7,1739.3],\"lines\":[{\"bbox\":[226.2,1521.4,2401.6,1589.3],\"text\":\"In March 2013, the Bancorp announced that its Board of Directors had authorized management to purchase 100 million shares of the Bancorp’s common stock through the open market or in any\"},{\"bbox\":[225.7,1558.9,2400.7,1626.8],\"text\":\"private transaction. The authorization does not include specific price targets or an expiration date. This share repurchase authorization replaces the Board’s previous authorization pursuant to which\"},{\"bbox\":[225.1,1596.4,1135.2,1646.5],\"text\":\"approximately 54 million shares remained available for repurchase by the Bancorp.\"},{\"bbox\":[224.6,1632.2,2400.1,1702.3],\"text\":\"Excludes 1,863,097 , 2,059,003 and 1,164,254 shares repurchased during 2013 , 2012, and 2011, respectively, in connection with various employee compensation plans. These repurchases are not\"},{\"bbox\":[224.1,1671.3,2187.7,1736.3],\"text\":\"included in the calculation for average price paid and do not count against the maximum number of shares that may yet be repurchased under the Board of Directors’ authorization.\"}],\"order\":9,\"text\":\"In March 2013, the Bancorp announced that its Board of Directors had authorized management to purchase 100 million shares of the Bancorp’s common stock through the open market or in any\\nprivate transaction. The authorization does not include specific price targets or an expiration date. This share repurchase authorization replaces the Board’s previous authorization pursuant to which\\napproximately 54 million shares remained available for repurchase by the Bancorp.\\nExcludes 1,863,097 , 2,059,003 and 1,164,254 shares repurchased during 2013 , 2012, and 2011, respectively, in connection with various employee compensation plans. These repurchases are not\\nincluded in the calculation for average price paid and do not count against the maximum number of shares that may yet be repurchased under the Board of Directors’ authorization.\"},{\"bbox\":[130.3,1751.4,1198.7,3057.2],\"lines\":[{\"bbox\":[147.8,1751.4,537.1,1801.3],\"text\":\"Stress Tests and CCAR\"},{\"bbox\":[147.2,1795.9,1198.0,1855.1],\"text\":\"The FRB issued guidelines known as CCAR, which provide a\"},{\"bbox\":[146.6,1840.4,1196.7,1899.6],\"text\":\"common, conservative approach to ensure BHCs, including the\"},{\"bbox\":[146.0,1884.9,1196.6,1944.1],\"text\":\"Bancorp, hold adequate capital to maintain ready access to funding,\"},{\"bbox\":[145.3,1929.4,1195.8,1988.6],\"text\":\"continue operations and meet their obligations to creditors and\"},{\"bbox\":[144.7,1973.9,1195.3,2033.0],\"text\":\"counterparties, and continue to serve as credit intermediaries, even\"},{\"bbox\":[144.1,2018.6,1194.8,2077.8],\"text\":\"in adverse conditions. The CCAR process requires the submission\"},{\"bbox\":[143.5,2063.1,1193.8,2122.3],\"text\":\"of a comprehensive capital plan that assumes a minimum planning\"},{\"bbox\":[142.8,2107.6,1054.7,2164.8],\"text\":\"horizon of nine quarters under various economic scenarios.\"},{\"bbox\":[217.2,2153.2,1193.1,2211.3],\"text\":\"The mandatory elements of the capital plan are an assessment\"},{\"bbox\":[141.6,2196.6,1191.8,2255.8],\"text\":\"of the expected use and sources of capital over the planning\"},{\"bbox\":[140.9,2241.1,1191.7,2300.3],\"text\":\"horizon, a description of all planned capital actions over the\"},{\"bbox\":[140.3,2285.6,1190.9,2344.8],\"text\":\"planning horizon, a discussion of any expected changes to the\"},{\"bbox\":[139.7,2330.1,1190.4,2389.3],\"text\":\"Bancorp’s business plan that are likely to have a material impact on\"},{\"bbox\":[139.1,2374.8,1189.8,2434.0],\"text\":\"its capital adequacy or liquidity, a detailed description of the\"},{\"bbox\":[138.4,2419.3,1189.3,2478.5],\"text\":\"Bancorp’s process for assessing capital adequacy and the Bancorp’s\"},{\"bbox\":[137.8,2463.8,1188.7,2523.0],\"text\":\"capital policy. The capital plan must reflect the revised capital\"},{\"bbox\":[137.2,2508.3,1188.1,2567.5],\"text\":\"framework that the FRB adopted in connection with the\"},{\"bbox\":[136.6,2552.8,1187.3,2612.0],\"text\":\"implementation of the Basel III accord, including the framework’s\"},{\"bbox\":[135.9,2597.3,1097.6,2655.2],\"text\":\"minimum regulatory capital ratios and transition arrangements.\"},{\"bbox\":[210.3,2642.9,1185.8,2701.0],\"text\":\"The FRB’s review of the capital plan will assess the\"},{\"bbox\":[134.7,2686.3,1185.2,2745.5],\"text\":\"comprehensiveness of the capital plan, the reasonableness of the\"},{\"bbox\":[134.1,2731.1,1184.8,2790.2],\"text\":\"assumptions and the analysis underlying the capital plan.\"},{\"bbox\":[133.4,2775.6,1184.0,2834.7],\"text\":\"Additionally, the FRB reviews the robustness of the capital\"},{\"bbox\":[132.8,2820.1,1183.6,2879.2],\"text\":\"adequacy process, the capital policy and the Bancorp’s ability to\"},{\"bbox\":[132.2,2864.6,1182.7,2923.7],\"text\":\"maintain capital above the minimum regulatory capital ratios as they\"},{\"bbox\":[131.6,2909.1,1182.0,2968.2],\"text\":\"transition to Basel III and above a Basel I Tier 1 common ratio of 5\"},{\"bbox\":[130.9,2953.6,1181.5,3012.7],\"text\":\"percent under baseline and stressful conditions throughout a nine-\"},{\"bbox\":[130.3,2998.0,521.8,3047.9],\"text\":\"quarter planning horizon.\"}],\"order\":10,\"text\":\"Stress Tests and CCAR\\nThe FRB issued guidelines known as CCAR, which provide a\\ncommon, conservative approach to ensure BHCs, including the\\nBancorp, hold adequate capital to maintain ready access to funding,\\ncontinue operations and meet their obligations to creditors and\\ncounterparties, and continue to serve as credit intermediaries, even\\nin adverse conditions. The CCAR process requires the submission\\nof a comprehensive capital plan that assumes a minimum planning\\nhorizon of nine quarters under various economic scenarios.\\nThe mandatory elements of the capital plan are an assessment\\nof the expected use and sources of capital over the planning\\nhorizon, a description of all planned capital actions over the\\nplanning horizon, a discussion of any expected changes to the\\nBancorp’s business plan that are likely to have a material impact on\\nits capital adequacy or liquidity, a detailed description of the\\nBancorp’s process for assessing capital adequacy and the Bancorp’s\\ncapital policy. The capital plan must reflect the revised capital\\nframework that the FRB adopted in connection with the\\nimplementation of the Basel III accord, including the framework’s\\nminimum regulatory capital ratios and transition arrangements.\\nThe FRB’s review of the capital plan will assess the\\ncomprehensiveness of the capital plan, the reasonableness of the\\nassumptions and the analysis underlying the capital plan.\\nAdditionally, the FRB reviews the robustness of the capital\\nadequacy process, the capital policy and the Bancorp’s ability to\\nmaintain capital above the minimum regulatory capital ratios as they\\ntransition to Basel III and above a Basel I Tier 1 common ratio of 5\\npercent under baseline and stressful conditions throughout a nine-\\nquarter planning horizon.\"},{\"bbox\":[128.0,3164.4,504.4,3214.2],\"lines\":[{\"bbox\":[128.0,3164.4,504.4,3214.2],\"text\":\"82 Fifth Third Bancorp\"}],\"order\":11,\"text\":\"82 Fifth Third Bancorp\"},{\"bbox\":[1331.1,1768.3,2398.7,3008.3],\"lines\":[{\"bbox\":[1422.7,1769.4,2398.6,1827.5],\"text\":\"The FRB issued stress testing rules that implement section\"},{\"bbox\":[1347.1,1812.8,2397.9,1872.0],\"text\":\"165(i)(1) and (i)(2) of the DFA. Large BHCs, including the Bancorp,\"},{\"bbox\":[1346.5,1857.3,2397.3,1916.5],\"text\":\"are subject to the final stress testing rules. The rules require both\"},{\"bbox\":[1345.8,1901.8,2396.5,1961.0],\"text\":\"supervisory and company-run stress tests, which provide forward-\"},{\"bbox\":[1345.2,1946.3,2396.2,2005.5],\"text\":\"looking information to supervisors to help assess whether\"},{\"bbox\":[1344.6,1990.8,2394.9,2049.9],\"text\":\"institutions have sufficient capital to absorb losses and support\"},{\"bbox\":[1344.0,2035.5,2080.1,2090.3],\"text\":\"operations during adverse economic conditions.\"},{\"bbox\":[1418.3,2081.1,2394.0,2139.2],\"text\":\"In March of 2013, the FRB announced it had completed the\"},{\"bbox\":[1342.7,2124.5,2392.9,2183.7],\"text\":\"2013 CCAR. For BHCs that proposed capital distributions in their\"},{\"bbox\":[1342.1,2169.0,2392.8,2228.2],\"text\":\"plan, the FRB either objected to the plan or provided a non-\"},{\"bbox\":[1341.5,2213.5,2392.0,2272.7],\"text\":\"objection whereby the FRB concurred with the proposed 2013\"},{\"bbox\":[1340.8,2258.0,2391.2,2317.2],\"text\":\"capital distributions. The FRB indicated to the Bancorp that it did\"},{\"bbox\":[1340.2,2302.5,2390.6,2361.7],\"text\":\"not object to the following proposed capital actions for the period\"},{\"bbox\":[1339.6,2347.0,2137.5,2402.6],\"text\":\"beginning April 1, 2013 and ending March 31, 2014:\"},{\"bbox\":[1413.8,2392.6,2389.7,2458.6],\"text\":\" Increase in the quarterly common stock dividend to $0.12\"},{\"bbox\":[1488.2,2446.1,1637.7,2492.6],\"text\":\"per share;\"},{\"bbox\":[1412.5,2489.3,2388.4,2555.4],\"text\":\" Repurchase of up to $750 million in TruPS subject to the\"},{\"bbox\":[1486.8,2542.8,2387.3,2599.9],\"text\":\"determination of a regulatory capital event and\"},{\"bbox\":[1486.2,2587.3,2386.4,2644.4],\"text\":\"replacement with the issuance of a similar amount of Tier\"},{\"bbox\":[1485.6,2631.8,1972.7,2683.0],\"text\":\"II-qualifying subordinated debt;\"},{\"bbox\":[1409.9,2675.0,2385.3,2741.1],\"text\":\" Conversion of the $398 million in outstanding Series G\"},{\"bbox\":[1484.2,2728.8,2384.8,2785.9],\"text\":\"8.5% convertible preferred stock into approximately 35.5\"},{\"bbox\":[1483.6,2773.3,2384.3,2830.4],\"text\":\"million common shares issued to the holders. If this\"},{\"bbox\":[1483.0,2817.8,2383.9,2874.8],\"text\":\"conversion were to occur, the Bancorp would intend to\"},{\"bbox\":[1482.3,2862.3,2382.6,2919.3],\"text\":\"repurchase common shares equivalent to those issued in\"},{\"bbox\":[1481.7,2906.8,2382.1,2963.8],\"text\":\"the conversion up to $550 million in market value, and\"},{\"bbox\":[1481.1,2951.3,2046.7,3003.6],\"text\":\"issue $550 million in preferred stock;\"}],\"order\":12,\"text\":\"The FRB issued stress testing rules that implement section\\n165(i)(1) and (i)(2) of the DFA. Large BHCs, including the Bancorp,\\nare subject to the final stress testing rules. The rules require both\\nsupervisory and company-run stress tests, which provide forward-\\nlooking information to supervisors to help assess whether\\ninstitutions have sufficient capital to absorb losses and support\\noperations during adverse economic conditions.\\nIn March of 2013, the FRB announced it had completed the\\n2013 CCAR. For BHCs that proposed capital distributions in their\\nplan, the FRB either objected to the plan or provided a non-\\nobjection whereby the FRB concurred with the proposed 2013\\ncapital distributions. The FRB indicated to the Bancorp that it did\\nnot object to the following proposed capital actions for the period\\nbeginning April 1, 2013 and ending March 31, 2014:\\n Increase in the quarterly common stock dividend to $0.12\\nper share;\\n Repurchase of up to $750 million in TruPS subject to the\\ndetermination of a regulatory capital event and\\nreplacement with the issuance of a similar amount of Tier\\nII-qualifying subordinated debt;\\n Conversion of the $398 million in outstanding Series G\\n8.5% convertible preferred stock into approximately 35.5\\nmillion common shares issued to the holders. If this\\nconversion were to occur, the Bancorp would intend to\\nrepurchase common shares equivalent to those issued in\\nthe conversion up to $550 million in market value, and\\nissue $550 million in preferred stock;\"}],\"doc\":\"fintabnet:FITB_2013\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS\\n\\nto 100 million shares of its outstanding common stock in the open\\nmarket or in privately negotiated transactions, and to utilize any\\nderivative or similar instrument to affect share repurchase\\ntransactions. This share repurchase authorization replaced the\\nBoard’s previous authorization.\\nOn May 21, 2013, the Bancorp entered into an accelerated\\nshare repurchase transaction with a counterparty pursuant to which\\nthe Bancorp purchased 25,035,519 shares, or approximately $539\\nmillion, of its outstanding common stock on May 24, 2013. The\\nBancorp repurchased the shares of its common stock as part of its\\n100 million share repurchase program previously announced on\\nMarch 19, 2013. At settlement of the forward contract on October\\n1, 2013, the Bancorp received an additional 4,270,250 shares which\\nwere recorded as an adjustment to the basis in the treasury shares\\npurchased on the acquisition date.\\nOn November 13, 2013, the Bancorp entered into an\\naccelerated share repurchase transaction with a counterparty\\npursuant to which the Bancorp purchased 8,538,423 shares, or\\napproximately $200 million, of its outstanding common stock on\\nNovember 18, 2013. The Bancorp repurchased the shares of its\\ncommon stock as part of its Board approved 100 million share\\n\\nTABLE 61: SHARE REPURCHASES\\nFor the years ended December 31\\nShares authorized for repurchase at January 1\\nAdditional authorizations (a)\\nShare repurchases (b)\\nShares authorized for repurchase at December 31\\nAverage price paid per share\\n\\n(a)\\n\\n(b)\\n\\nrepurchase program previously announced on March 19, 2013. The\\nBancorp expects the settlement of the transaction to occur on or\\nbefore February 28, 2014.\\nOn December 10, 2013, the Bancorp entered into an\\naccelerated share repurchase transaction with a counterparty\\npursuant to which the Bancorp purchased 19,084,195 shares, or\\napproximately $456 million, of its outstanding common stock on\\nDecember 13, 2013. The Bancorp repurchased the shares of its\\ncommon stock as part of its Board approved 100 million share\\nrepurchase program previously announced on March 19, 2013. The\\nBancorp expects the settlement of the transaction to occur on or\\nbefore March 26, 2014.\\nOn January 28, 2014, the Bancorp entered into an accelerated\\nshare repurchase transaction with a counterparty pursuant to which\\nthe Bancorp purchased 3,950,705 shares, or approximately $99\\nmillion, of its outstanding common stock on January 31, 2014. The\\nBancorp repurchased the shares of its common stock as part of its\\nBoard approved 100 million share repurchase program previously\\nannounced on March 19, 2013. The Bancorp expects the settlement\\nof the transaction to occur on or before March 26, 2014.\\n\\n2013\\n63,046,682\\n45,541,057\\n(65,516,126)\\n43,071,613\\n$ 18.80\\n\\n2012\\n19,201,518\\n86,269,178\\n(42,424,014)\\n63,046,682\\n$ 14.82\\n\\n2011\\n19,201,518\\n-\\n-\\n19,201,518\\nN/A\\n\\nIn March 2013, the Bancorp announced that its Board of Directors had authorized management to purchase 100 million shares of the Bancorp’s common stock through the open market or in any\\nprivate transaction. The authorization does not include specific price targets or an expiration date. This share repurchase authorization replaces the Board’s previous authorization pursuant to which\\napproximately 54 million shares remained available for repurchase by the Bancorp.\\nExcludes 1,863,097 , 2,059,003 and 1,164,254 shares repurchased during 2013 , 2012, and 2011, respectively, in connection with various employee compensation plans. These repurchases are not\\nincluded in the calculation for average price paid and do not count against the maximum number of shares that may yet be repurchased under the Board of Directors’ authorization.\\n\\nStress Tests and CCAR\\nThe FRB issued guidelines known as CCAR, which provide a\\ncommon, conservative approach to ensure BHCs, including the\\nBancorp, hold adequate capital to maintain ready access to funding,\\ncontinue operations and meet their obligations to creditors and\\ncounterparties, and continue to serve as credit intermediaries, even\\nin adverse conditions. The CCAR process requires the submission\\nof a comprehensive capital plan that assumes a minimum planning\\nhorizon of nine quarters under various economic scenarios.\\nThe mandatory elements of the capital plan are an assessment\\nof the expected use and sources of capital over the planning\\nhorizon, a description of all planned capital actions over the\\nplanning horizon, a discussion of any expected changes to the\\nBancorp’s business plan that are likely to have a material impact on\\nits capital adequacy or liquidity, a detailed description of the\\nBancorp’s process for assessing capital adequacy and the Bancorp’s\\ncapital policy. The capital plan must reflect the revised capital\\nframework that the FRB adopted in connection with the\\nimplementation of the Basel III accord, including the framework’s\\nminimum regulatory capital ratios and transition arrangements.\\nThe FRB’s review of the capital plan will assess the\\ncomprehensiveness of the capital plan, the reasonableness of the\\nassumptions and the analysis underlying the capital plan.\\nAdditionally, the FRB reviews the robustness of the capital\\nadequacy process, the capital policy and the Bancorp’s ability to\\nmaintain capital above the minimum regulatory capital ratios as they\\ntransition to Basel III and above a Basel I Tier 1 common ratio of 5\\npercent under baseline and stressful conditions throughout a nine-\\nquarter planning horizon.\\n\\n82 Fifth Third Bancorp\\n\\nThe FRB issued stress testing rules that implement section\\n165(i)(1) and (i)(2) of the DFA. Large BHCs, including the Bancorp,\\nare subject to the final stress testing rules. The rules require both\\nsupervisory and company-run stress tests, which provide forward-\\nlooking information to supervisors to help assess whether\\ninstitutions have sufficient capital to absorb losses and support\\noperations during adverse economic conditions.\\nIn March of 2013, the FRB announced it had completed the\\n2013 CCAR. For BHCs that proposed capital distributions in their\\nplan, the FRB either objected to the plan or provided a non-\\nobjection whereby the FRB concurred with the proposed 2013\\ncapital distributions. The FRB indicated to the Bancorp that it did\\nnot object to the following proposed capital actions for the period\\nbeginning April 1, 2013 and ending March 31, 2014:\\n Increase in the quarterly common stock dividend to $0.12\\nper share;\\n Repurchase of up to $750 million in TruPS subject to the\\ndetermination of a regulatory capital event and\\nreplacement with the issuance of a similar amount of Tier\\nII-qualifying subordinated debt;\\n Conversion of the $398 million in outstanding Series G\\n8.5% convertible preferred stock into approximately 35.5\\nmillion common shares issued to the holders. If this\\nconversion were to occur, the Bancorp would intend to\\nrepurchase common shares equivalent to those issued in\\nthe conversion up to $550 million in market value, and\\nissue $550 million in preferred stock;\",\"name\":\"fintabnet.FITB_2013_page_84__300dpi_mild\",\"page_id\":\"fintabnet.FITB_2013_page_84\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.806,\"source\":\"fintabnet\",\"source_id\":\"FITB_2013_page_84\",\"stack\":[{\"deg\":-0.806,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":3.238},{\"op\":\"jpeg\",\"q\":70}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[151.8,1242.6,2303.1,1544.0],\"block_orders\":[2,6,7,8],\"cells\":null}],\"text\":\"MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS\\n\\nto 100 million shares of its outstanding common stock in the open\\nmarket or in privately negotiated transactions, and to utilize any\\nderivative or similar instrument to affect share repurchase\\ntransactions. This share repurchase authorization replaced the\\nBoard’s previous authorization.\\nOn May 21, 2013, the Bancorp entered into an accelerated\\nshare repurchase transaction with a counterparty pursuant to which\\nthe Bancorp purchased 25,035,519 shares, or approximately $539\\nmillion, of its outstanding common stock on May 24, 2013. The\\nBancorp repurchased the shares of its common stock as part of its\\n100 million share repurchase program previously announced on\\nMarch 19, 2013. At settlement of the forward contract on October\\n1, 2013, the Bancorp received an additional 4,270,250 shares which\\nwere recorded as an adjustment to the basis in the treasury shares\\npurchased on the acquisition date.\\nOn November 13, 2013, the Bancorp entered into an\\naccelerated share repurchase transaction with a counterparty\\npursuant to which the Bancorp purchased 8,538,423 shares, or\\napproximately $200 million, of its outstanding common stock on\\nNovember 18, 2013. The Bancorp repurchased the shares of its\\ncommon stock as part of its Board approved 100 million share\\n\\nTABLE 61: SHARE REPURCHASES\\nFor the years ended December 31\\nShares authorized for repurchase at January 1\\nAdditional authorizations (a)\\nShare repurchases (b)\\nShares authorized for repurchase at December 31\\nAverage price paid per share\\n\\n(a)\\n\\n(b)\\n\\nrepurchase program previously announced on March 19, 2013. The\\nBancorp expects the settlement of the transaction to occur on or\\nbefore February 28, 2014.\\nOn December 10, 2013, the Bancorp entered into an\\naccelerated share repurchase transaction with a counterparty\\npursuant to which the Bancorp purchased 19,084,195 shares, or\\napproximately $456 million, of its outstanding common stock on\\nDecember 13, 2013. The Bancorp repurchased the shares of its\\ncommon stock as part of its Board approved 100 million share\\nrepurchase program previously announced on March 19, 2013. The\\nBancorp expects the settlement of the transaction to occur on or\\nbefore March 26, 2014.\\nOn January 28, 2014, the Bancorp entered into an accelerated\\nshare repurchase transaction with a counterparty pursuant to which\\nthe Bancorp purchased 3,950,705 shares, or approximately $99\\nmillion, of its outstanding common stock on January 31, 2014. The\\nBancorp repurchased the shares of its common stock as part of its\\nBoard approved 100 million share repurchase program previously\\nannounced on March 19, 2013. The Bancorp expects the settlement\\nof the transaction to occur on or before March 26, 2014.\\n\\n2013\\n63,046,682\\n45,541,057\\n(65,516,126)\\n43,071,613\\n$ 18.80\\n\\n2012\\n19,201,518\\n86,269,178\\n(42,424,014)\\n63,046,682\\n$ 14.82\\n\\n2011\\n19,201,518\\n-\\n-\\n19,201,518\\nN/A\\n\\nIn March 2013, the Bancorp announced that its Board of Directors had authorized management to purchase 100 million shares of the Bancorp’s common stock through the open market or in any\\nprivate transaction. The authorization does not include specific price targets or an expiration date. This share repurchase authorization replaces the Board’s previous authorization pursuant to which\\napproximately 54 million shares remained available for repurchase by the Bancorp.\\nExcludes 1,863,097 , 2,059,003 and 1,164,254 shares repurchased during 2013 , 2012, and 2011, respectively, in connection with various employee compensation plans. These repurchases are not\\nincluded in the calculation for average price paid and do not count against the maximum number of shares that may yet be repurchased under the Board of Directors’ authorization.\\n\\nStress Tests and CCAR\\nThe FRB issued guidelines known as CCAR, which provide a\\ncommon, conservative approach to ensure BHCs, including the\\nBancorp, hold adequate capital to maintain ready access to funding,\\ncontinue operations and meet their obligations to creditors and\\ncounterparties, and continue to serve as credit intermediaries, even\\nin adverse conditions. The CCAR process requires the submission\\nof a comprehensive capital plan that assumes a minimum planning\\nhorizon of nine quarters under various economic scenarios.\\nThe mandatory elements of the capital plan are an assessment\\nof the expected use and sources of capital over the planning\\nhorizon, a description of all planned capital actions over the\\nplanning horizon, a discussion of any expected changes to the\\nBancorp’s business plan that are likely to have a material impact on\\nits capital adequacy or liquidity, a detailed description of the\\nBancorp’s process for assessing capital adequacy and the Bancorp’s\\ncapital policy. The capital plan must reflect the revised capital\\nframework that the FRB adopted in connection with the\\nimplementation of the Basel III accord, including the framework’s\\nminimum regulatory capital ratios and transition arrangements.\\nThe FRB’s review of the capital plan will assess the\\ncomprehensiveness of the capital plan, the reasonableness of the\\nassumptions and the analysis underlying the capital plan.\\nAdditionally, the FRB reviews the robustness of the capital\\nadequacy process, the capital policy and the Bancorp’s ability to\\nmaintain capital above the minimum regulatory capital ratios as they\\ntransition to Basel III and above a Basel I Tier 1 common ratio of 5\\npercent under baseline and stressful conditions throughout a nine-\\nquarter planning horizon.\\n\\n82 Fifth Third Bancorp\\n\\nThe FRB issued stress testing rules that implement section\\n165(i)(1) and (i)(2) of the DFA. Large BHCs, including the Bancorp,\\nare subject to the final stress testing rules. The rules require both\\nsupervisory and company-run stress tests, which provide forward-\\nlooking information to supervisors to help assess whether\\ninstitutions have sufficient capital to absorb losses and support\\noperations during adverse economic conditions.\\nIn March of 2013, the FRB announced it had completed the\\n2013 CCAR. For BHCs that proposed capital distributions in their\\nplan, the FRB either objected to the plan or provided a non-\\nobjection whereby the FRB concurred with the proposed 2013\\ncapital distributions. The FRB indicated to the Bancorp that it did\\nnot object to the following proposed capital actions for the period\\nbeginning April 1, 2013 and ending March 31, 2014:\\n Increase in the quarterly common stock dividend to $0.12\\nper share;\\n Repurchase of up to $750 million in TruPS subject to the\\ndetermination of a regulatory capital event and\\nreplacement with the issuance of a similar amount of Tier\\nII-qualifying subordinated debt;\\n Conversion of the $398 million in outstanding Series G\\n8.5% convertible preferred stock into approximately 35.5\\nmillion common shares issued to the holders. If this\\nconversion were to occur, the Bancorp would intend to\\nrepurchase common shares equivalent to those issued in\\nthe conversion up to $550 million in market value, and\\nissue $550 million in preferred stock;\"},\"name\":\"fintabnet.FITB_2013_page_84__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":1178939,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:FITB_2013\",\"dpi\":300,\"gt_sha256\":\"3722d6dd093f662137461b920693f305072f8385594d4d20b4ab0265cc62d30d\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.FITB_2013_page_84__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.FITB_2013_page_84\",\"pdf_sha256\":\"9a7a91118b1ece7ed30b092d75017be9a97dbab31428d9427c30672725310b61\",\"px\":[2550,3300],\"scan\":{\"render\":\"00007e607e7e7e7e7e7e7800787a7ffe707c7e7e7e7e7e7c7e7c7e3e78000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"FITB_2013_page_84\",\"src\":{\"file_sha256\":\"7d7f68f0666660c5ac318bedd29048c194acab818dca497206ddd699037b05a1\",\"render\":\"00007e607e7e7e687e7e7800787e7ffe707c7e7e7e7e7e7c7e387e3e70000000\",\"text\":\"cee46bddc27bb25291ab8f37675728130d1519c405d2b8e781bf519edddfd569\"},\"stack\":[{\"deg\":-0.806,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":3.238},{\"op\":\"jpeg\",\"q\":70}],\"tools\":\"21647cade0ee\"},\"sha256\":\"9a7a91118b1ece7ed30b092d75017be9a97dbab31428d9427c30672725310b61\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/9a7a91118b1ece7ed30b092d75017be9a97dbab31428d9427c30672725310b61.pdf","asset_sha256":"9a7a91118b1ece7ed30b092d75017be9a97dbab31428d9427c30672725310b61","document_id":"fintabnet:FITB_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FITB_2013_page_84\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FRT_2006_page_109\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:FRT_2006\",\"ground_truth\":{\"blocks\":[{\"bbox\":[305.5,307.9,2150.6,473.1],\"lines\":[{\"bbox\":[305.5,308.9,2079.7,373.2],\"text\":\"From December 29, 2005 to June 5, 2006, a third party intermediary was the legal owner of Crow Canyon\"},{\"bbox\":[306.3,357.9,2149.9,423.2],\"text\":\"Commons, but we controlled the property and retained all of the economic benefit and risk associated with the\"},{\"bbox\":[307.0,409.9,2013.3,473.1],\"text\":\"property. Accordingly, we consolidated the property and its operations beginning December 29, 2005.\"}],\"order\":0,\"text\":\"From December 29, 2005 to June 5, 2006, a third party intermediary was the legal owner of Crow Canyon\\nCommons, but we controlled the property and retained all of the economic benefit and risk associated with the\\nproperty. Accordingly, we consolidated the property and its operations beginning December 29, 2005.\"},{\"bbox\":[308.1,478.2,2201.2,794.2],\"lines\":[{\"bbox\":[308.1,480.7,2026.1,544.2],\"text\":\"On October 16, 2006, we acquired the leasehold interest in Melville Mall under a 20 year master lease.\"},{\"bbox\":[308.8,528.2,2198.2,594.2],\"text\":\"Additionally, we loaned the owner of Melville Mall $34.2 million secured by a second mortgage on the property.\"},{\"bbox\":[309.5,578.6,2170.0,644.2],\"text\":\"We have an option to purchase the shopping center on or after October 16, 2021 for a price of $5.0 million plus\"},{\"bbox\":[310.3,629.9,2083.4,694.2],\"text\":\"the assumption of the first mortgage and repayment of the second mortgage. We have determined that this\"},{\"bbox\":[311.0,679.1,2140.8,744.2],\"text\":\"property is held in a variable interest entity for which we are the primary beneficiary. Accordingly, beginning\"},{\"bbox\":[311.7,739.5,1431.4,794.2],\"text\":\"October 16, 2006, we consolidated this property and its operations.\"}],\"order\":1,\"text\":\"On October 16, 2006, we acquired the leasehold interest in Melville Mall under a 20 year master lease.\\nAdditionally, we loaned the owner of Melville Mall $34.2 million secured by a second mortgage on the property.\\nWe have an option to purchase the shopping center on or after October 16, 2021 for a price of $5.0 million plus\\nthe assumption of the first mortgage and repayment of the second mortgage. We have determined that this\\nproperty is held in a variable interest entity for which we are the primary beneficiary. Accordingly, beginning\\nOctober 16, 2006, we consolidated this property and its operations.\"},{\"bbox\":[312.9,820.7,1454.3,875.1],\"lines\":[{\"bbox\":[312.9,820.7,1454.3,875.1],\"text\":\"Consolidated Statements of Cash Flows – Supplemental Disclosures\"}],\"order\":2,\"text\":\"Consolidated Statements of Cash Flows – Supplemental Disclosures\"},{\"bbox\":[314.0,882.2,2098.7,946.6],\"lines\":[{\"bbox\":[314.0,882.2,2098.7,946.6],\"text\":\"The following table provides additional information related to the Consolidated Statements of Cash Flows:\"}],\"order\":3,\"text\":\"The following table provides additional information related to the Consolidated Statements of Cash Flows:\"},{\"bbox\":[1728.3,946.9,1795.4,978.0],\"lines\":[{\"bbox\":[1728.3,946.9,1795.4,978.0],\"text\":\"2006\"}],\"order\":4,\"text\":\"2006\"},{\"bbox\":[1846.0,943.1,2053.5,1026.3],\"lines\":[{\"bbox\":[1936.6,943.8,2003.7,974.9],\"text\":\"2005\"},{\"bbox\":[1846.7,993.1,2053.5,1026.3],\"text\":\"(In thousands)\"}],\"order\":5,\"text\":\"2005\\n(In thousands)\"},{\"bbox\":[2113.6,941.2,2180.7,972.3],\"lines\":[{\"bbox\":[2113.6,941.2,2180.7,972.3],\"text\":\"2004\"}],\"order\":6,\"text\":\"2004\"},{\"bbox\":[316.2,1039.1,1646.0,1251.0],\"lines\":[{\"bbox\":[316.2,1049.5,942.4,1096.8],\"text\":\"SUPPLEMENTAL DISCLOSURES:\"},{\"bbox\":[400.2,1085.0,1644.4,1141.4],\"text\":\"Total interest costs incurred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[400.9,1130.8,1645.0,1187.3],\"text\":\"Interest capitalized . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[401.8,1193.3,1646.0,1249.8],\"text\":\"Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"SUPPLEMENTAL DISCLOSURES:\\nTotal interest costs incurred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest capitalized . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1685.5,1081.9,1857.7,1230.8],\"lines\":[{\"bbox\":[1685.5,1082.1,1842.3,1122.5],\"text\":\"$106,877\"},{\"bbox\":[1734.7,1127.7,1856.7,1167.6],\"text\":\"(4,069)\"},{\"bbox\":[1687.1,1190.4,1843.9,1230.8],\"text\":\"$102,808\"}],\"order\":8,\"text\":\"$106,877\\n(4,069)\\n$102,808\"},{\"bbox\":[1904.2,1076.3,2232.6,1227.6],\"lines\":[{\"bbox\":[1904.2,1076.5,2217.2,1119.3],\"text\":\"$94,257 $90,179\"},{\"bbox\":[1932.6,1122.2,2231.7,1164.7],\"text\":\"(5,691) (5,121)\"},{\"bbox\":[1905.8,1184.9,2218.8,1227.6],\"text\":\"$88,566 $85,058\"}],\"order\":9,\"text\":\"$94,257 $90,179\\n(5,691) (5,121)\\n$88,566 $85,058\"},{\"bbox\":[402.8,1264.1,1647.0,1320.6],\"lines\":[{\"bbox\":[402.8,1264.1,1647.0,1320.6],\"text\":\"Cash paid for interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":10,\"text\":\"Cash paid for interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1688.1,1261.2,1844.9,1301.7],\"lines\":[{\"bbox\":[1688.1,1261.2,1844.9,1301.7],\"text\":\"$ 92,054\"}],\"order\":11,\"text\":\"$ 92,054\"},{\"bbox\":[1906.8,1258.3,2042.8,1298.4],\"lines\":[{\"bbox\":[1906.8,1258.3,2042.8,1298.4],\"text\":\"$84,796\"}],\"order\":12,\"text\":\"$84,796\"},{\"bbox\":[403.9,1334.9,1648.0,1391.4],\"lines\":[{\"bbox\":[403.9,1334.9,1648.0,1391.4],\"text\":\"Cash paid for income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":13,\"text\":\"Cash paid for income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1689.2,1334.0,1710.5,1372.5],\"lines\":[{\"bbox\":[1689.2,1334.0,1710.5,1372.5],\"text\":\"$\"}],\"order\":14,\"text\":\"$\"},{\"bbox\":[321.6,1405.8,1649.8,1509.3],\"lines\":[{\"bbox\":[321.6,1413.6,1115.1,1463.5],\"text\":\"NON-CASH FINANCING TRANSACTIONS:\"},{\"bbox\":[405.6,1451.6,1649.8,1508.1],\"text\":\"Mortgage loans assumed with acquisitions . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":15,\"text\":\"NON-CASH FINANCING TRANSACTIONS:\\nMortgage loans assumed with acquisitions . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1751.6,1330.8,1929.3,1371.6],\"lines\":[{\"bbox\":[1751.6,1330.8,1929.3,1371.6],\"text\":\"5,979(1) $\"}],\"order\":16,\"text\":\"5,979(1) $\"},{\"bbox\":[1690.9,1448.7,1847.7,1489.1],\"lines\":[{\"bbox\":[1690.9,1448.7,1847.7,1489.1],\"text\":\"$ 44,297\"}],\"order\":17,\"text\":\"$ 44,297\"},{\"bbox\":[2083.9,1255.7,2219.9,1295.8],\"lines\":[{\"bbox\":[2083.9,1255.7,2219.9,1295.8],\"text\":\"$80,614\"}],\"order\":18,\"text\":\"$80,614\"},{\"bbox\":[2001.6,1329.1,2043.8,1367.9],\"lines\":[{\"bbox\":[2001.6,1329.1,2043.8,1367.9],\"text\":\"82\"}],\"order\":19,\"text\":\"82\"},{\"bbox\":[2084.9,1328.2,2106.3,1366.7],\"lines\":[{\"bbox\":[2084.9,1328.2,2106.3,1366.7],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[2157.8,1326.5,2220.9,1365.6],\"lines\":[{\"bbox\":[2157.8,1326.5,2220.9,1365.6],\"text\":\"181\"}],\"order\":21,\"text\":\"181\"},{\"bbox\":[1909.6,1445.8,2045.6,1485.9],\"lines\":[{\"bbox\":[1909.6,1445.8,2045.6,1485.9],\"text\":\"$22,258\"}],\"order\":22,\"text\":\"$22,258\"},{\"bbox\":[2086.7,1444.9,2108.1,1483.3],\"lines\":[{\"bbox\":[2086.7,1444.9,2108.1,1483.3],\"text\":\"$\"}],\"order\":23,\"text\":\"$\"},{\"bbox\":[2159.6,1443.5,2201.8,1482.3],\"lines\":[{\"bbox\":[2159.6,1443.5,2201.8,1482.3],\"text\":\"—\"}],\"order\":24,\"text\":\"—\"},{\"bbox\":[323.9,1552.1,2186.7,1667.6],\"lines\":[{\"bbox\":[323.9,1552.1,2185.9,1617.6],\"text\":\"(1) Cash paid for income taxes for 2006 includes $5.5 million related to the sales of condominiums at Santana\"},{\"bbox\":[407.9,1617.5,1139.0,1666.4],\"text\":\"Row which were conducted through a TRS.\"}],\"order\":25,\"text\":\"(1) Cash paid for income taxes for 2006 includes $5.5 million related to the sales of condominiums at Santana\\nRow which were conducted through a TRS.\"},{\"bbox\":[325.8,1683.2,2211.5,2059.4],\"lines\":[{\"bbox\":[325.8,1702.6,891.1,1748.6],\"text\":\"New Accounting Pronouncements\"},{\"bbox\":[326.7,1744.5,2145.7,1809.5],\"text\":\"In July 2006, the Financial Accounting Standards Board (“FASB”) issued FASB Interpretation No. 48 (“FIN\"},{\"bbox\":[327.4,1796.4,2018.4,1859.5],\"text\":\"48”), “Accounting for Uncertainty in Income Taxes”—an interpretation of FASB Statement No. 109,\"},{\"bbox\":[328.2,1844.4,2153.8,1909.5],\"text\":\"“Accounting for Income Taxes.” FIN 48 was issued to reduce the diversity in practice associated with certain\"},{\"bbox\":[328.9,1893.6,2210.0,1959.4],\"text\":\"aspects of recognition, disclosure and measurement related to accounting for uncertain income tax positions. We\"},{\"bbox\":[329.6,1944.5,2150.4,2009.4],\"text\":\"are required to adopt FIN 48 effective January 1, 2007. We do not believe the adoption of FIN 48 will have a\"},{\"bbox\":[330.4,2002.4,1614.6,2059.4],\"text\":\"material impact on our financial position, results of operations or cash flows.\"}],\"order\":26,\"text\":\"New Accounting Pronouncements\\nIn July 2006, the Financial Accounting Standards Board (“FASB”) issued FASB Interpretation No. 48 (“FIN\\n48”), “Accounting for Uncertainty in Income Taxes”—an interpretation of FASB Statement No. 109,\\n“Accounting for Income Taxes.” FIN 48 was issued to reduce the diversity in practice associated with certain\\naspects of recognition, disclosure and measurement related to accounting for uncertain income tax positions. We\\nare required to adopt FIN 48 effective January 1, 2007. We do not believe the adoption of FIN 48 will have a\\nmaterial impact on our financial position, results of operations or cash flows.\"},{\"bbox\":[331.4,2064.5,2223.3,2430.4],\"lines\":[{\"bbox\":[331.4,2065.1,2178.9,2130.5],\"text\":\"In September 2006, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin No. 108\"},{\"bbox\":[332.1,2114.5,2219.6,2180.5],\"text\":\"(“SAB 108”), “Considering the Effects of Prior Year Misstatements in Current Year Financial Statements.” SAB\"},{\"bbox\":[332.9,2165.7,2137.9,2230.5],\"text\":\"108 was issued to provide consistency between how registrants quantify financial statements misstatements.\"},{\"bbox\":[333.6,2216.7,2070.6,2280.5],\"text\":\"Historically, there have been two widely-used methods for quantifying the effects of financial statement\"},{\"bbox\":[334.3,2265.2,2173.7,2330.4],\"text\":\"misstatements. These methods are commonly referred to as the “roll-over” method and “iron curtain” method.\"},{\"bbox\":[335.1,2314.6,2219.5,2380.4],\"text\":\"The roll-over method quantifies the amount by which the current income statement is misstated. The iron curtain\"},{\"bbox\":[335.8,2368.1,1980.1,2430.4],\"text\":\"quantifies the error as the cumulative amount by which the current year balance sheet is misstated.\"}],\"order\":27,\"text\":\"In September 2006, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin No. 108\\n(“SAB 108”), “Considering the Effects of Prior Year Misstatements in Current Year Financial Statements.” SAB\\n108 was issued to provide consistency between how registrants quantify financial statements misstatements.\\nHistorically, there have been two widely-used methods for quantifying the effects of financial statement\\nmisstatements. These methods are commonly referred to as the “roll-over” method and “iron curtain” method.\\nThe roll-over method quantifies the amount by which the current income statement is misstated. The iron curtain\\nquantifies the error as the cumulative amount by which the current year balance sheet is misstated.\"},{\"bbox\":[336.9,2435.6,2222.0,2701.4],\"lines\":[{\"bbox\":[336.9,2435.6,2219.1,2501.5],\"text\":\"SAB 108 establishes an approach that requires quantification of financial statement misstatements based on the effects\"},{\"bbox\":[337.6,2487.8,2073.0,2551.5],\"text\":\"of the misstatement on each the income statement, balance sheet and the related disclosures. This approach is\"},{\"bbox\":[338.3,2536.2,2183.4,2601.5],\"text\":\"commonly referred to as the “dual approach.” We adopted SAB 108 during the fourth quarter of 2006 in connection\"},{\"bbox\":[339.1,2585.9,2201.6,2651.5],\"text\":\"with the preparation of our annual financial statements for the year ending December 31, 2006. The adoption of SAB\"},{\"bbox\":[339.8,2640.7,1876.8,2701.4],\"text\":\"108 did not have a material impact on our financial positions, results of operations or cash flows.\"}],\"order\":28,\"text\":\"SAB 108 establishes an approach that requires quantification of financial statement misstatements based on the effects\\nof the misstatement on each the income statement, balance sheet and the related disclosures. This approach is\\ncommonly referred to as the “dual approach.” We adopted SAB 108 during the fourth quarter of 2006 in connection\\nwith the preparation of our annual financial statements for the year ending December 31, 2006. The adoption of SAB\\n108 did not have a material impact on our financial positions, results of operations or cash flows.\"},{\"bbox\":[340.9,2706.5,2233.1,2922.5],\"lines\":[{\"bbox\":[340.9,2707.6,2157.0,2772.5],\"text\":\"In September 2006, the FASB issued SFAS No. 157 “Fair Value Measurements.” SFAS No. 157 defines fair\"},{\"bbox\":[341.6,2756.5,2231.6,2822.5],\"text\":\"value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands\"},{\"bbox\":[342.3,2806.8,2213.4,2872.5],\"text\":\"disclosures about fair value measurements. SFAS No. 157 applies to accounting pronouncements that require or\"},{\"bbox\":[343.1,2857.6,2158.4,2922.5],\"text\":\"permit fair value measurements, except for share-based payments under SFAS No. 123R. We are required to\"}],\"order\":29,\"text\":\"In September 2006, the FASB issued SFAS No. 157 “Fair Value Measurements.” SFAS No. 157 defines fair\\nvalue, establishes a framework for measuring fair value in generally accepted accounting principles, and expands\\ndisclosures about fair value measurements. SFAS No. 157 applies to accounting pronouncements that require or\\npermit fair value measurements, except for share-based payments under SFAS No. 123R. We are required to\"},{\"bbox\":[1255.1,2970.2,1334.4,3009.5],\"lines\":[{\"bbox\":[1255.1,2970.2,1334.4,3009.5],\"text\":\"F-15\"}],\"order\":30,\"text\":\"F-15\"}],\"doc\":\"fintabnet:FRT_2006\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"From December 29, 2005 to June 5, 2006, a third party intermediary was the legal owner of Crow Canyon\\nCommons, but we controlled the property and retained all of the economic benefit and risk associated with the\\nproperty. Accordingly, we consolidated the property and its operations beginning December 29, 2005.\\n\\nOn October 16, 2006, we acquired the leasehold interest in Melville Mall under a 20 year master lease.\\nAdditionally, we loaned the owner of Melville Mall $34.2 million secured by a second mortgage on the property.\\nWe have an option to purchase the shopping center on or after October 16, 2021 for a price of $5.0 million plus\\nthe assumption of the first mortgage and repayment of the second mortgage. We have determined that this\\nproperty is held in a variable interest entity for which we are the primary beneficiary. Accordingly, beginning\\nOctober 16, 2006, we consolidated this property and its operations.\\n\\nConsolidated Statements of Cash Flows – Supplemental Disclosures\\n\\nThe following table provides additional information related to the Consolidated Statements of Cash Flows:\\n\\n2006\\n\\n2005\\n(In thousands)\\n\\n2004\\n\\nSUPPLEMENTAL DISCLOSURES:\\nTotal interest costs incurred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest capitalized . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$106,877\\n(4,069)\\n$102,808\\n\\n$94,257 $90,179\\n(5,691) (5,121)\\n$88,566 $85,058\\n\\nCash paid for interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 92,054\\n\\n$84,796\\n\\nCash paid for income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\nNON-CASH FINANCING TRANSACTIONS:\\nMortgage loans assumed with acquisitions . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n5,979(1) $\\n\\n$ 44,297\\n\\n$80,614\\n\\n82\\n\\n$\\n\\n181\\n\\n$22,258\\n\\n$\\n\\n—\\n\\n(1) Cash paid for income taxes for 2006 includes $5.5 million related to the sales of condominiums at Santana\\nRow which were conducted through a TRS.\\n\\nNew Accounting Pronouncements\\nIn July 2006, the Financial Accounting Standards Board (“FASB”) issued FASB Interpretation No. 48 (“FIN\\n48”), “Accounting for Uncertainty in Income Taxes”—an interpretation of FASB Statement No. 109,\\n“Accounting for Income Taxes.” FIN 48 was issued to reduce the diversity in practice associated with certain\\naspects of recognition, disclosure and measurement related to accounting for uncertain income tax positions. We\\nare required to adopt FIN 48 effective January 1, 2007. We do not believe the adoption of FIN 48 will have a\\nmaterial impact on our financial position, results of operations or cash flows.\\n\\nIn September 2006, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin No. 108\\n(“SAB 108”), “Considering the Effects of Prior Year Misstatements in Current Year Financial Statements.” SAB\\n108 was issued to provide consistency between how registrants quantify financial statements misstatements.\\nHistorically, there have been two widely-used methods for quantifying the effects of financial statement\\nmisstatements. These methods are commonly referred to as the “roll-over” method and “iron curtain” method.\\nThe roll-over method quantifies the amount by which the current income statement is misstated. The iron curtain\\nquantifies the error as the cumulative amount by which the current year balance sheet is misstated.\\n\\nSAB 108 establishes an approach that requires quantification of financial statement misstatements based on the effects\\nof the misstatement on each the income statement, balance sheet and the related disclosures. This approach is\\ncommonly referred to as the “dual approach.” We adopted SAB 108 during the fourth quarter of 2006 in connection\\nwith the preparation of our annual financial statements for the year ending December 31, 2006. The adoption of SAB\\n108 did not have a material impact on our financial positions, results of operations or cash flows.\\n\\nIn September 2006, the FASB issued SFAS No. 157 “Fair Value Measurements.” SFAS No. 157 defines fair\\nvalue, establishes a framework for measuring fair value in generally accepted accounting principles, and expands\\ndisclosures about fair value measurements. SFAS No. 157 applies to accounting pronouncements that require or\\npermit fair value measurements, except for share-based payments under SFAS No. 123R. We are required to\\n\\nF-15\",\"name\":\"fintabnet.FRT_2006_page_109__300dpi_mild\",\"page_id\":\"fintabnet.FRT_2006_page_109\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.843,\"source\":\"fintabnet\",\"source_id\":\"FRT_2006_page_109\",\"stack\":[{\"deg\":0.843,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.562},{\"gain\":0.933,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":78}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[314.8,932.8,2236.4,1509.3],\"block_orders\":[4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24],\"cells\":null}],\"text\":\"From December 29, 2005 to June 5, 2006, a third party intermediary was the legal owner of Crow Canyon\\nCommons, but we controlled the property and retained all of the economic benefit and risk associated with the\\nproperty. Accordingly, we consolidated the property and its operations beginning December 29, 2005.\\n\\nOn October 16, 2006, we acquired the leasehold interest in Melville Mall under a 20 year master lease.\\nAdditionally, we loaned the owner of Melville Mall $34.2 million secured by a second mortgage on the property.\\nWe have an option to purchase the shopping center on or after October 16, 2021 for a price of $5.0 million plus\\nthe assumption of the first mortgage and repayment of the second mortgage. We have determined that this\\nproperty is held in a variable interest entity for which we are the primary beneficiary. Accordingly, beginning\\nOctober 16, 2006, we consolidated this property and its operations.\\n\\nConsolidated Statements of Cash Flows – Supplemental Disclosures\\n\\nThe following table provides additional information related to the Consolidated Statements of Cash Flows:\\n\\n2006\\n\\n2005\\n(In thousands)\\n\\n2004\\n\\nSUPPLEMENTAL DISCLOSURES:\\nTotal interest costs incurred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest capitalized . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$106,877\\n(4,069)\\n$102,808\\n\\n$94,257 $90,179\\n(5,691) (5,121)\\n$88,566 $85,058\\n\\nCash paid for interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 92,054\\n\\n$84,796\\n\\nCash paid for income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\nNON-CASH FINANCING TRANSACTIONS:\\nMortgage loans assumed with acquisitions . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n5,979(1) $\\n\\n$ 44,297\\n\\n$80,614\\n\\n82\\n\\n$\\n\\n181\\n\\n$22,258\\n\\n$\\n\\n—\\n\\n(1) Cash paid for income taxes for 2006 includes $5.5 million related to the sales of condominiums at Santana\\nRow which were conducted through a TRS.\\n\\nNew Accounting Pronouncements\\nIn July 2006, the Financial Accounting Standards Board (“FASB”) issued FASB Interpretation No. 48 (“FIN\\n48”), “Accounting for Uncertainty in Income Taxes”—an interpretation of FASB Statement No. 109,\\n“Accounting for Income Taxes.” FIN 48 was issued to reduce the diversity in practice associated with certain\\naspects of recognition, disclosure and measurement related to accounting for uncertain income tax positions. We\\nare required to adopt FIN 48 effective January 1, 2007. We do not believe the adoption of FIN 48 will have a\\nmaterial impact on our financial position, results of operations or cash flows.\\n\\nIn September 2006, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin No. 108\\n(“SAB 108”), “Considering the Effects of Prior Year Misstatements in Current Year Financial Statements.” SAB\\n108 was issued to provide consistency between how registrants quantify financial statements misstatements.\\nHistorically, there have been two widely-used methods for quantifying the effects of financial statement\\nmisstatements. These methods are commonly referred to as the “roll-over” method and “iron curtain” method.\\nThe roll-over method quantifies the amount by which the current income statement is misstated. The iron curtain\\nquantifies the error as the cumulative amount by which the current year balance sheet is misstated.\\n\\nSAB 108 establishes an approach that requires quantification of financial statement misstatements based on the effects\\nof the misstatement on each the income statement, balance sheet and the related disclosures. This approach is\\ncommonly referred to as the “dual approach.” We adopted SAB 108 during the fourth quarter of 2006 in connection\\nwith the preparation of our annual financial statements for the year ending December 31, 2006. The adoption of SAB\\n108 did not have a material impact on our financial positions, results of operations or cash flows.\\n\\nIn September 2006, the FASB issued SFAS No. 157 “Fair Value Measurements.” SFAS No. 157 defines fair\\nvalue, establishes a framework for measuring fair value in generally accepted accounting principles, and expands\\ndisclosures about fair value measurements. SFAS No. 157 applies to accounting pronouncements that require or\\npermit fair value measurements, except for share-based payments under SFAS No. 123R. 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. . . . . . . .\\n(1,390)\\n\\nBalance, December 31, 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdditions during period—depreciation and amortization expense . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeductions during period—disposition and retirements of property . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n595,338\\n83,656\\n(15,244)\\n\\nBalance, December 31, 2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdditions during period—depreciation and amortization expense . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeductions during period—disposition and retirements of property . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n663,750\\n89,564\\n(12,807)\\n\\nBalance, December 31, 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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. . $514,177\\nAdditions during period—depreciation and amortization expense . . . . . . . . . . . . . . . . . . . . . . . . .\\n82,551\\nDeductions during period—disposition and retirements of property . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,390)\\n\\nBalance, December 31, 2004 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdditions during period—depreciation and amortization expense . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeductions during period—disposition and retirements of property . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n595,338\\n83,656\\n(15,244)\\n\\nBalance, December 31, 2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdditions during period—depreciation and amortization expense . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeductions during period—disposition and retirements of property . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n663,750\\n89,564\\n(12,807)\\n\\nBalance, December 31, 2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$740,507\\n\\nF-39\"},\"name\":\"fintabnet.FRT_2006_page_133__200dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":317143,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:FRT_2006\",\"dpi\":200,\"gt_sha256\":\"fa54e520260343696b0f1e162f461b4a26e2e38d61fda3711c30416f55d5d1d3\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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Therefore, a significant increase in FFO will generally\"},{\"bbox\":[137.1,195.7,976.6,250.0],\"text\":\"require an increase in distributions to shareholders although not necessarily on a proportionate basis.\"}],\"order\":0,\"text\":\"quarterly basis unless necessary for us to maintain REIT status. However, we must generally distribute 90% of\\nour REIT taxable income to remain qualified as a REIT. Therefore, a significant increase in FFO will generally\\nrequire an increase in distributions to shareholders although not necessarily on a proportionate basis.\"},{\"bbox\":[139.2,243.2,1037.2,300.0],\"lines\":[{\"bbox\":[139.2,243.2,1037.2,300.0],\"text\":\"The reconciliation of net income to funds from operations available for common shareholders is as follows:\"}],\"order\":1,\"text\":\"The reconciliation of net income to funds from operations available for common shareholders is as follows:\"},{\"bbox\":[820.6,285.8,1086.8,361.9],\"lines\":[{\"bbox\":[830.7,286.2,1074.6,311.5],\"text\":\"For the Year Ended December 31,\"},{\"bbox\":[837.8,319.7,871.8,336.2],\"text\":\"2006\"},{\"bbox\":[936.7,315.6,970.7,332.0],\"text\":\"2005\"},{\"bbox\":[1035.6,311.4,1069.5,327.9],\"text\":\"2004\"},{\"bbox\":[822.7,335.7,1086.8,361.9],\"text\":\"(In thousands, except per share data)\"}],\"order\":2,\"text\":\"For the Year Ended December 31,\\n2006\\n2005\\n2004\\n(In thousands, except per share data)\"},{\"bbox\":[144.1,357.2,1105.1,516.5],\"lines\":[{\"bbox\":[144.1,357.5,1094.0,416.5],\"text\":\"Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $118,712 $114,612 $ 84,156\"},{\"bbox\":[145.1,395.0,798.5,441.5],\"text\":\"Gain on sale of real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[832.3,382.2,1102.0,412.6],\"text\":\"(23,956) (30,748) (14,052)\"},{\"bbox\":[146.2,420.0,799.5,466.5],\"text\":\"Depreciation and amortization of real estate assets . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[840.4,415.8,898.4,437.3],\"text\":\"88,649\"},{\"bbox\":[939.2,411.6,997.3,433.1],\"text\":\"82,752\"},{\"bbox\":[1038.1,407.5,1096.2,429.0],\"text\":\"81,649\"},{\"bbox\":[147.2,444.9,800.6,491.5],\"text\":\"Amortization of initial direct costs of leases . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[851.8,440.8,899.5,461.8],\"text\":\"7,390\"},{\"bbox\":[950.7,436.6,998.3,457.7],\"text\":\"6,972\"},{\"bbox\":[1049.6,432.5,1097.2,453.5],\"text\":\"7,151\"},{\"bbox\":[148.3,469.9,801.6,516.5],\"text\":\"Depreciation of joint venture real estate assets . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[868.5,465.8,900.5,486.1],\"text\":\"768\"},{\"bbox\":[967.4,461.6,999.4,482.0],\"text\":\"630\"},{\"bbox\":[1066.2,457.4,1098.3,477.8],\"text\":\"187\"}],\"order\":3,\"text\":\"Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $118,712 $114,612 $ 84,156\\nGain on sale of real estate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(23,956) (30,748) (14,052)\\nDepreciation and amortization of real estate assets . . . . . . . . . . . . . . . . . . . . . .\\n88,649\\n82,752\\n81,649\\nAmortization of initial direct costs of leases . . . . . . . . . . . . . . . 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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome attributable to operating partnership units . . . . . . . . . . . . . . . . . . . . . . .\\nPreferred stock redemption costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":12,\"text\":\"Weighted average number of common shares, diluted . . . . . . . . . . . . . . . . . . .\\nFunds from operations available for common shareholders, per diluted\\nshare . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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We have filed, or incorporated into this 10-K by reference, the exhibits\\nlisted on the accompanying Index to Exhibits immediately following the signature page of this Form 10-K.\"},{\"bbox\":[186.8,740.2,292.3,762.7],\"lines\":[{\"bbox\":[186.8,740.2,292.3,762.7],\"text\":\"(b) Exhibits:\"}],\"order\":28,\"text\":\"(b) Exhibits:\"},{\"bbox\":[142.7,788.8,1042.0,862.4],\"lines\":[{\"bbox\":[185.2,790.2,1042.0,837.4],\"text\":\"The exhibit list in the Index to Exhibits immediately following the signature page of this Form 10-K is\"},{\"bbox\":[142.7,813.8,828.6,855.4],\"text\":\"incorporated herein by reference as the list of exhibits required by this Item 15(b).\"}],\"order\":29,\"text\":\"The exhibit list in the Index to Exhibits immediately following the signature page of this Form 10-K is\\nincorporated herein by reference as the list of exhibits required by this Item 15(b).\"},{\"bbox\":[182.7,865.2,667.3,900.2],\"lines\":[{\"bbox\":[182.7,865.2,667.3,900.2],\"text\":\"(c) Financial Statement Schedules: See Item 15(a), above.\"}],\"order\":30,\"text\":\"(c) Financial Statement Schedules: See Item 15(a), above.\"},{\"bbox\":[581.0,1466.3,612.9,1486.4],\"lines\":[{\"bbox\":[581.0,1466.3,612.9,1486.4],\"text\":\"106\"}],\"order\":31,\"text\":\"106\"}],\"doc\":\"fintabnet:FTNT_2009\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS\\n\\nDecember 31,\\n2009\\n\\nAllowance for Doubtful Accounts:\\nBeginning balance . . . . . . . . . . . . . . . . . .\\nCharged to costs and expenses . . . . . . . .\\nBad debt write-offs . . . . . . . . . . . . . . . . .\\n\\nEnding balance . . . . . . . . . . . . . . . . . . . . .\\n\\nYears Ended\\nDecember 30,\\n2008\\n(in thousands)\\n\\nDecember 28,\\n2007\\n\\n$\\n\\n318\\n161\\n(112)\\n\\n$\\n\\n384\\n191\\n(257)\\n\\n$\\n\\n90\\n319\\n(25)\\n\\n$\\n\\n367\\n\\n$\\n\\n318\\n\\n$\\n\\n384\\n\\nSales Return Reserve:\\nBeginning balance . . . . . . . . . . . . . . . . . .\\nCharged to costs and expenses . . . . . . . .\\nDeductions—reserves utilized . . . . . . . . .\\n\\n$ 2,671\\n3,774\\n(1,431)\\n\\n$ 3,995\\n893\\n(2,217)\\n\\n$ 3,174\\n1,919\\n(1,098)\\n\\nEnding balance . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 5,014\\n\\n$ 2,671\\n\\n$ 3,995\\n\\nSchedules not listed above have been omitted because they are not applicable or are not required or the\\ninformation required to be set forth therein is included in the Consolidated Financial Statements or Notes thereto.\\n\\n3. Exhibits: See Item 15(b) below. We have filed, or incorporated into this 10-K by reference, the exhibits\\nlisted on the accompanying Index to Exhibits immediately following the signature page of this Form 10-K.\\n\\n(b) Exhibits:\\n\\nThe exhibit list in the Index to Exhibits immediately following the signature page of this Form 10-K is\\nincorporated herein by reference as the list of exhibits required by this Item 15(b).\\n\\n(c) Financial Statement Schedules: See Item 15(a), above.\\n\\n106\",\"name\":\"fintabnet.FTNT_2009_page_110__150dpi_medium\",\"page_id\":\"fintabnet.FTNT_2009_page_110\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.885,\"source\":\"fintabnet\",\"source_id\":\"FTNT_2009_page_110\",\"stack\":[{\"deg\":-1.885,\"op\":\"skew\"},{\"amp\":0.141,\"angle\":96.3,\"blob\":0.672,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":2.642,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":8.863},{\"gain\":0.746,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":60}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[235.5,169.9,1029.1,573.9],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25],\"cells\":null}],\"text\":\"SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS\\n\\nDecember 31,\\n2009\\n\\nAllowance for Doubtful Accounts:\\nBeginning balance . . . . . . . . . . . . . . . . . .\\nCharged to costs and expenses . . . . . . . .\\nBad debt write-offs . . . . . . . . . . . . . . . . .\\n\\nEnding balance . . . . . . . . . . . . . . . . . . . . .\\n\\nYears Ended\\nDecember 30,\\n2008\\n(in thousands)\\n\\nDecember 28,\\n2007\\n\\n$\\n\\n318\\n161\\n(112)\\n\\n$\\n\\n384\\n191\\n(257)\\n\\n$\\n\\n90\\n319\\n(25)\\n\\n$\\n\\n367\\n\\n$\\n\\n318\\n\\n$\\n\\n384\\n\\nSales Return Reserve:\\nBeginning balance . . . . . . . . . . . . . . . . . .\\nCharged to costs and expenses . . . . . . . .\\nDeductions—reserves utilized . . . . . . . . .\\n\\n$ 2,671\\n3,774\\n(1,431)\\n\\n$ 3,995\\n893\\n(2,217)\\n\\n$ 3,174\\n1,919\\n(1,098)\\n\\nEnding balance . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 5,014\\n\\n$ 2,671\\n\\n$ 3,995\\n\\nSchedules not listed above have been omitted because they are not applicable or are not required or the\\ninformation required to be set forth therein is included in the Consolidated Financial Statements or Notes thereto.\\n\\n3. Exhibits: See Item 15(b) below. We have filed, or incorporated into this 10-K by reference, the exhibits\\nlisted on the accompanying Index to Exhibits immediately following the signature page of this Form 10-K.\\n\\n(b) Exhibits:\\n\\nThe exhibit list in the Index to Exhibits immediately following the signature page of this Form 10-K is\\nincorporated herein by reference as the list of exhibits required by this Item 15(b).\\n\\n(c) Financial Statement Schedules: See Item 15(a), above.\\n\\n106\"},\"name\":\"fintabnet.FTNT_2009_page_110__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":185466,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:FTNT_2009\",\"dpi\":150,\"gt_sha256\":\"516e0f1aae945c7dd564095419ee25287fb7bf86f10520e6323488ed77f608c3\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.FTNT_2009_page_110__150dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.FTNT_2009_page_110\",\"pdf_sha256\":\"8e50bf8b30a140a68618fb919dcc0a7f11aa92362b454e4d5cb615d1d2f6cc1b\",\"px\":[1238,1613],\"scan\":{\"render\":\"000004000c781c001c001c083ffc3e003fe00000f000ff00ffffffffffffffff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"FTNT_2009_page_110\",\"src\":{\"file_sha256\":\"8dbb55d31ab7a2e4f24772ece58324b42b2a33230b65374a45965168d89cd35e\",\"render\":\"00000ff000f81ee81cf81ef83ffc3ff83ff80000000000000000000000000000\",\"text\":\"63b2caf55e45adca12fa767b8807a48e540852513fe3e1165508673ffbb8b89c\"},\"stack\":[{\"deg\":-1.885,\"op\":\"skew\"},{\"amp\":0.141,\"angle\":96.3,\"blob\":0.672,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":2.642,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":8.863},{\"gain\":0.746,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":60}],\"tools\":\"21647cade0ee\"},\"sha256\":\"8e50bf8b30a140a68618fb919dcc0a7f11aa92362b454e4d5cb615d1d2f6cc1b\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/8e50bf8b30a140a68618fb919dcc0a7f11aa92362b454e4d5cb615d1d2f6cc1b.pdf","asset_sha256":"8e50bf8b30a140a68618fb919dcc0a7f11aa92362b454e4d5cb615d1d2f6cc1b","document_id":"fintabnet:FTNT_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FTNT_2009_page_110\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FTNT_2009_page_67\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:FTNT_2009\",\"ground_truth\":{\"blocks\":[{\"bbox\":[69.0,68.0,522.7,101.2],\"lines\":[{\"bbox\":[69.0,68.0,488.2,77.2],\"text\":\"support continued enhancements of our products. We also had an increase of $0.9 million in stock-based\"},{\"bbox\":[69.0,80.0,522.7,89.2],\"text\":\"compensation expense, an increase of $0.2 million in depreciation expense and $0.2 million in supplies and other\"},{\"bbox\":[69.0,92.0,107.6,101.2],\"text\":\"expenses.\"}],\"order\":0,\"text\":\"support continued enhancements of our products. We also had an increase of $0.9 million in stock-based\\ncompensation expense, an increase of $0.2 million in depreciation expense and $0.2 million in supplies and other\\nexpenses.\"},{\"bbox\":[89.0,122.3,204.9,131.3],\"lines\":[{\"bbox\":[89.0,122.3,204.9,131.3],\"text\":\"Sales and marketing expense\"}],\"order\":1,\"text\":\"Sales and marketing expense\"},{\"bbox\":[69.0,140.3,518.7,209.5],\"lines\":[{\"bbox\":[89.0,140.3,492.2,149.5],\"text\":\"Sales and marketing expense increased $8.6 million, or 9.8%, in fiscal 2009 compared to fiscal 2008\"},{\"bbox\":[69.0,152.3,518.7,161.5],\"text\":\"primarily due to increased cash-based personnel costs of $5.4 million based on increased headcount primarily in\"},{\"bbox\":[69.0,164.3,518.7,173.5],\"text\":\"the U.S., a $1.3 million increase in promotional and other marketing-related expenses, a $0.5 million increase in\"},{\"bbox\":[69.0,176.3,518.1,185.5],\"text\":\"rent and occupancy-related expenses, a $0.4 million increase in travel, higher depreciation costs of $0.4 million,\"},{\"bbox\":[69.0,188.3,485.7,197.5],\"text\":\"and a $0.5 million increase in stock-based compensation expense. As a percentage of revenue, sales and\"},{\"bbox\":[69.0,200.3,280.7,209.5],\"text\":\"marketing expenses decreased 3.2 percentage points.\"}],\"order\":2,\"text\":\"Sales and marketing expense increased $8.6 million, or 9.8%, in fiscal 2009 compared to fiscal 2008\\nprimarily due to increased cash-based personnel costs of $5.4 million based on increased headcount primarily in\\nthe U.S., a $1.3 million increase in promotional and other marketing-related expenses, a $0.5 million increase in\\nrent and occupancy-related expenses, a $0.4 million increase in travel, higher depreciation costs of $0.4 million,\\nand a $0.5 million increase in stock-based compensation expense. As a percentage of revenue, sales and\\nmarketing expenses decreased 3.2 percentage points.\"},{\"bbox\":[89.0,230.6,233.9,239.6],\"lines\":[{\"bbox\":[89.0,230.6,233.9,239.6],\"text\":\"General and administrative expense\"}],\"order\":3,\"text\":\"General and administrative expense\"},{\"bbox\":[69.0,248.6,522.0,305.8],\"lines\":[{\"bbox\":[89.0,248.6,502.7,257.8],\"text\":\"In fiscal 2009, general and administrative expense increased $1.7 million, or 10.1%, compared to fiscal\"},{\"bbox\":[69.0,260.6,522.0,269.8],\"text\":\"2008. The increase was primarily due to a $0.9 million increase in external legal services, a $0.5 million increase\"},{\"bbox\":[69.0,272.6,520.3,281.8],\"text\":\"in accounting-related services, a $0.5 million increase in rent and occupancy-related expenses and a $0.4 million\"},{\"bbox\":[69.0,284.6,489.7,293.8],\"text\":\"increase in stock-based compensation. These increases were partially offset by a $0.5 million decrease in\"},{\"bbox\":[69.0,296.6,361.2,305.8],\"text\":\"computer related supplies and a $0.2 million decrease in travel expenses.\"}],\"order\":4,\"text\":\"In fiscal 2009, general and administrative expense increased $1.7 million, or 10.1%, compared to fiscal\\n2008. The increase was primarily due to a $0.9 million increase in external legal services, a $0.5 million increase\\nin accounting-related services, a $0.5 million increase in rent and occupancy-related expenses and a $0.4 million\\nincrease in stock-based compensation. These increases were partially offset by a $0.5 million decrease in\\ncomputer related supplies and a $0.2 million decrease in travel expenses.\"},{\"bbox\":[69.0,326.9,267.9,335.9],\"lines\":[{\"bbox\":[69.0,326.9,267.9,335.9],\"text\":\"Interest income and other income (expense), net\"}],\"order\":5,\"text\":\"Interest income and other income (expense), net\"},{\"bbox\":[342.2,348.4,457.8,379.6],\"lines\":[{\"bbox\":[352.1,348.4,390.9,355.6],\"text\":\"Fiscal Year\"},{\"bbox\":[342.2,360.4,358.2,367.6],\"text\":\"2009\"},{\"bbox\":[384.8,360.4,400.8,367.6],\"text\":\"2008\"},{\"bbox\":[421.5,360.4,453.7,367.6],\"text\":\"$ Change\"},{\"bbox\":[383.7,372.4,457.8,379.6],\"text\":\"(dollars in thousands)\"}],\"order\":6,\"text\":\"Fiscal Year\\n2009\\n2008\\n$ Change\\n(dollars in thousands)\"},{\"bbox\":[89.0,383.0,321.5,404.2],\"lines\":[{\"bbox\":[89.0,383.0,321.5,392.2],\"text\":\"Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[89.0,395.0,321.5,404.2],\"text\":\"Other income (expense), net . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther income (expense), net . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[336.5,383.0,364.0,404.2],\"lines\":[{\"bbox\":[336.5,383.0,364.0,392.2],\"text\":\"$1,981\"},{\"bbox\":[349.0,395.0,364.0,404.2],\"text\":\"198\"}],\"order\":8,\"text\":\"$1,981\\n198\"},{\"bbox\":[379.0,383.0,406.5,404.2],\"lines\":[{\"bbox\":[379.0,383.0,406.5,392.2],\"text\":\"$2,614\"},{\"bbox\":[384.0,395.0,406.5,404.2],\"text\":\"1,710\"}],\"order\":9,\"text\":\"$2,614\\n1,710\"},{\"bbox\":[422.2,383.0,456.4,404.2],\"lines\":[{\"bbox\":[422.2,383.0,456.4,392.2],\"text\":\"$ (633)\"},{\"bbox\":[427.2,395.0,456.4,404.2],\"text\":\"(1,512)\"}],\"order\":10,\"text\":\"$ (633)\\n(1,512)\"},{\"bbox\":[468.8,360.4,505.0,367.6],\"lines\":[{\"bbox\":[468.8,360.4,505.0,367.6],\"text\":\"% Change\"}],\"order\":11,\"text\":\"% Change\"},{\"bbox\":[476.4,383.0,508.9,404.2],\"lines\":[{\"bbox\":[476.4,383.0,508.9,392.2],\"text\":\"(24.2)%\"},{\"bbox\":[476.4,395.0,500.6,404.2],\"text\":\"(88.4)\"}],\"order\":12,\"text\":\"(24.2)%\\n(88.4)\"},{\"bbox\":[69.0,419.2,523.1,464.3],\"lines\":[{\"bbox\":[89.0,419.2,494.1,428.3],\"text\":\"The $0.6 million decrease in interest income in fiscal 2009 compared to fiscal 2008 was due to lower\"},{\"bbox\":[69.0,431.2,523.1,440.3],\"text\":\"interest rates earned, despite higher balances of cash, cash equivalents and short-term investments. The change in\"},{\"bbox\":[69.0,443.2,519.4,452.3],\"text\":\"other income (expense), net for fiscal 2009 was the result of a stronger U.S. dollar compared to the Euro, British\"},{\"bbox\":[69.0,455.2,326.7,464.3],\"text\":\"Pound and the Canadian dollar in 2008 when compared to 2009.\"}],\"order\":13,\"text\":\"The $0.6 million decrease in interest income in fiscal 2009 compared to fiscal 2008 was due to lower\\ninterest rates earned, despite higher balances of cash, cash equivalents and short-term investments. The change in\\nother income (expense), net for fiscal 2009 was the result of a stronger U.S. dollar compared to the Euro, British\\nPound and the Canadian dollar in 2008 when compared to 2009.\"},{\"bbox\":[69.0,485.4,179.4,494.4],\"lines\":[{\"bbox\":[69.0,485.4,179.4,494.4],\"text\":\"Provision for income taxes\"}],\"order\":14,\"text\":\"Provision for income taxes\"},{\"bbox\":[89.0,541.6,309.6,562.7],\"lines\":[{\"bbox\":[89.0,541.6,309.6,550.7],\"text\":\"Provision for income taxes . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[89.0,553.6,309.6,562.7],\"text\":\"Effective tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":15,\"text\":\"Provision for income taxes . . . . . . . . . . . . . . . . . . . . . .\\nEffective tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,573.0,73.0,580.3],\"lines\":[{\"bbox\":[69.0,573.0,73.0,580.3],\"text\":\"*\"}],\"order\":16,\"text\":\"*\"},{\"bbox\":[334.4,507.0,451.9,538.2],\"lines\":[{\"bbox\":[344.3,507.0,383.1,514.2],\"text\":\"Fiscal Year\"},{\"bbox\":[334.4,519.0,350.4,526.2],\"text\":\"2009\"},{\"bbox\":[381.1,519.0,397.1,526.2],\"text\":\"2008\"},{\"bbox\":[419.7,519.0,451.9,526.2],\"text\":\"$ Change\"},{\"bbox\":[377.7,531.0,451.8,538.2],\"text\":\"(dollars in thousands)\"}],\"order\":17,\"text\":\"Fiscal Year\\n2009\\n2008\\n$ Change\\n(dollars in thousands)\"},{\"bbox\":[468.8,519.0,505.0,526.2],\"lines\":[{\"bbox\":[468.8,519.0,505.0,526.2],\"text\":\"% Change\"}],\"order\":18,\"text\":\"% Change\"},{\"bbox\":[324.6,541.6,457.1,562.7],\"lines\":[{\"bbox\":[324.6,541.6,402.9,550.7],\"text\":\"$(32,666) $1,888\"},{\"bbox\":[417.9,541.6,457.1,550.7],\"text\":\"$(34,554)\"},{\"bbox\":[334.6,553.6,411.2,562.7],\"text\":\"(118.7)% 20.4%\"}],\"order\":19,\"text\":\"$(32,666) $1,888\\n$(34,554)\\n(118.7)% 20.4%\"},{\"bbox\":[484.4,541.6,489.4,562.7],\"lines\":[{\"bbox\":[484.4,541.6,489.4,550.7],\"text\":\"*\"},{\"bbox\":[484.4,553.6,489.4,562.7],\"text\":\"*\"}],\"order\":20,\"text\":\"*\\n*\"},{\"bbox\":[85.0,573.0,133.6,580.3],\"lines\":[{\"bbox\":[85.0,573.0,133.6,580.3],\"text\":\"not meaningful\"}],\"order\":21,\"text\":\"not meaningful\"},{\"bbox\":[69.0,595.7,523.3,688.9],\"lines\":[{\"bbox\":[89.0,595.7,523.3,604.9],\"text\":\"The effective tax rate was negative 118.7% for fiscal 2009, compared with an effective tax rate of 20.4% for\"},{\"bbox\":[69.0,607.7,510.6,616.9],\"text\":\"fiscal 2008. The provision for income taxes for fiscal 2009 is comprised primarily of federal, state and foreign\"},{\"bbox\":[69.0,619.7,523.1,628.9],\"text\":\"income taxes as well as the release of the valuation allowance. The decrease in the provision for income taxes for\"},{\"bbox\":[69.0,631.7,503.9,640.9],\"text\":\"fiscal 2009 compared to fiscal 2008 was attributable to the release of the valuation allowance against our net\"},{\"bbox\":[69.0,643.7,505.8,652.9],\"text\":\"deferred tax assets. We generated pretax income in fiscal 2009 and 2008. As a result of this positive earnings\"},{\"bbox\":[69.0,655.7,489.7,664.9],\"text\":\"trend and projected future taxable income, we reversed approximately $44.2 million of deferred tax asset\"},{\"bbox\":[69.0,667.7,506.1,676.9],\"text\":\"valuation allowance; having determined that it was more likely than not that our deferred tax assets would be\"},{\"bbox\":[69.0,679.7,511.3,688.9],\"text\":\"realized. This reversal resulted in recognition of an income tax benefit totaling $37.8 million. Our estimates of\"}],\"order\":22,\"text\":\"The effective tax rate was negative 118.7% for fiscal 2009, compared with an effective tax rate of 20.4% for\\nfiscal 2008. The provision for income taxes for fiscal 2009 is comprised primarily of federal, state and foreign\\nincome taxes as well as the release of the valuation allowance. The decrease in the provision for income taxes for\\nfiscal 2009 compared to fiscal 2008 was attributable to the release of the valuation allowance against our net\\ndeferred tax assets. We generated pretax income in fiscal 2009 and 2008. As a result of this positive earnings\\ntrend and projected future taxable income, we reversed approximately $44.2 million of deferred tax asset\\nvaluation allowance; having determined that it was more likely than not that our deferred tax assets would be\\nrealized. This reversal resulted in recognition of an income tax benefit totaling $37.8 million. Our estimates of\"},{\"bbox\":[292.0,704.0,302.0,713.2],\"lines\":[{\"bbox\":[292.0,704.0,302.0,713.2],\"text\":\"63\"}],\"order\":23,\"text\":\"63\"}],\"doc\":\"fintabnet:FTNT_2009\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"support continued enhancements of our products. We also had an increase of $0.9 million in stock-based\\ncompensation expense, an increase of $0.2 million in depreciation expense and $0.2 million in supplies and other\\nexpenses.\\n\\nSales and marketing expense\\n\\nSales and marketing expense increased $8.6 million, or 9.8%, in fiscal 2009 compared to fiscal 2008\\nprimarily due to increased cash-based personnel costs of $5.4 million based on increased headcount primarily in\\nthe U.S., a $1.3 million increase in promotional and other marketing-related expenses, a $0.5 million increase in\\nrent and occupancy-related expenses, a $0.4 million increase in travel, higher depreciation costs of $0.4 million,\\nand a $0.5 million increase in stock-based compensation expense. As a percentage of revenue, sales and\\nmarketing expenses decreased 3.2 percentage points.\\n\\nGeneral and administrative expense\\n\\nIn fiscal 2009, general and administrative expense increased $1.7 million, or 10.1%, compared to fiscal\\n2008. The increase was primarily due to a $0.9 million increase in external legal services, a $0.5 million increase\\nin accounting-related services, a $0.5 million increase in rent and occupancy-related expenses and a $0.4 million\\nincrease in stock-based compensation. These increases were partially offset by a $0.5 million decrease in\\ncomputer related supplies and a $0.2 million decrease in travel expenses.\\n\\nInterest income and other income (expense), net\\n\\nFiscal Year\\n2009\\n2008\\n$ Change\\n(dollars in thousands)\\n\\nInterest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther income (expense), net . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$1,981\\n198\\n\\n$2,614\\n1,710\\n\\n$ (633)\\n(1,512)\\n\\n% Change\\n\\n(24.2)%\\n(88.4)\\n\\nThe $0.6 million decrease in interest income in fiscal 2009 compared to fiscal 2008 was due to lower\\ninterest rates earned, despite higher balances of cash, cash equivalents and short-term investments. The change in\\nother income (expense), net for fiscal 2009 was the result of a stronger U.S. dollar compared to the Euro, British\\nPound and the Canadian dollar in 2008 when compared to 2009.\\n\\nProvision for income taxes\\n\\nProvision for income taxes . . . . . . . . . . . . . . . . . . . . . .\\nEffective tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n*\\n\\nFiscal Year\\n2009\\n2008\\n$ Change\\n(dollars in thousands)\\n\\n% Change\\n\\n$(32,666) $1,888\\n$(34,554)\\n(118.7)% 20.4%\\n\\n*\\n*\\n\\nnot meaningful\\n\\nThe effective tax rate was negative 118.7% for fiscal 2009, compared with an effective tax rate of 20.4% for\\nfiscal 2008. The provision for income taxes for fiscal 2009 is comprised primarily of federal, state and foreign\\nincome taxes as well as the release of the valuation allowance. The decrease in the provision for income taxes for\\nfiscal 2009 compared to fiscal 2008 was attributable to the release of the valuation allowance against our net\\ndeferred tax assets. We generated pretax income in fiscal 2009 and 2008. As a result of this positive earnings\\ntrend and projected future taxable income, we reversed approximately $44.2 million of deferred tax asset\\nvaluation allowance; having determined that it was more likely than not that our deferred tax assets would be\\nrealized. This reversal resulted in recognition of an income tax benefit totaling $37.8 million. Our estimates of\\n\\n63\",\"name\":\"fintabnet.FTNT_2009_page_67__72dpi_mild\",\"page_id\":\"fintabnet.FTNT_2009_page_67\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"FTNT_2009_page_67\",\"stack\":[{\"amp\":0.079,\"angle\":318.1,\"blob\":0.703,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":2.539},{\"gain\":0.873,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":70}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[89.0,346.6,508.9,404.2],\"block_orders\":[6,7,8,9,10,11,12],\"cells\":null}],\"text\":\"support continued enhancements of our products. We also had an increase of $0.9 million in stock-based\\ncompensation expense, an increase of $0.2 million in depreciation expense and $0.2 million in supplies and other\\nexpenses.\\n\\nSales and marketing expense\\n\\nSales and marketing expense increased $8.6 million, or 9.8%, in fiscal 2009 compared to fiscal 2008\\nprimarily due to increased cash-based personnel costs of $5.4 million based on increased headcount primarily in\\nthe U.S., a $1.3 million increase in promotional and other marketing-related expenses, a $0.5 million increase in\\nrent and occupancy-related expenses, a $0.4 million increase in travel, higher depreciation costs of $0.4 million,\\nand a $0.5 million increase in stock-based compensation expense. As a percentage of revenue, sales and\\nmarketing expenses decreased 3.2 percentage points.\\n\\nGeneral and administrative expense\\n\\nIn fiscal 2009, general and administrative expense increased $1.7 million, or 10.1%, compared to fiscal\\n2008. The increase was primarily due to a $0.9 million increase in external legal services, a $0.5 million increase\\nin accounting-related services, a $0.5 million increase in rent and occupancy-related expenses and a $0.4 million\\nincrease in stock-based compensation. These increases were partially offset by a $0.5 million decrease in\\ncomputer related supplies and a $0.2 million decrease in travel expenses.\\n\\nInterest income and other income (expense), net\\n\\nFiscal Year\\n2009\\n2008\\n$ Change\\n(dollars in thousands)\\n\\nInterest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther income (expense), net . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$1,981\\n198\\n\\n$2,614\\n1,710\\n\\n$ (633)\\n(1,512)\\n\\n% Change\\n\\n(24.2)%\\n(88.4)\\n\\nThe $0.6 million decrease in interest income in fiscal 2009 compared to fiscal 2008 was due to lower\\ninterest rates earned, despite higher balances of cash, cash equivalents and short-term investments. The change in\\nother income (expense), net for fiscal 2009 was the result of a stronger U.S. dollar compared to the Euro, British\\nPound and the Canadian dollar in 2008 when compared to 2009.\\n\\nProvision for income taxes\\n\\nProvision for income taxes . . . . . . . . . . . . . . . . . . . . . .\\nEffective tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n*\\n\\nFiscal Year\\n2009\\n2008\\n$ Change\\n(dollars in thousands)\\n\\n% Change\\n\\n$(32,666) $1,888\\n$(34,554)\\n(118.7)% 20.4%\\n\\n*\\n*\\n\\nnot meaningful\\n\\nThe effective tax rate was negative 118.7% for fiscal 2009, compared with an effective tax rate of 20.4% for\\nfiscal 2008. The provision for income taxes for fiscal 2009 is comprised primarily of federal, state and foreign\\nincome taxes as well as the release of the valuation allowance. The decrease in the provision for income taxes for\\nfiscal 2009 compared to fiscal 2008 was attributable to the release of the valuation allowance against our net\\ndeferred tax assets. We generated pretax income in fiscal 2009 and 2008. As a result of this positive earnings\\ntrend and projected future taxable income, we reversed approximately $44.2 million of deferred tax asset\\nvaluation allowance; having determined that it was more likely than not that our deferred tax assets would be\\nrealized. This reversal resulted in recognition of an income tax benefit totaling $37.8 million. Our estimates of\\n\\n63\"},\"name\":\"fintabnet.FTNT_2009_page_67__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":71469,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:FTNT_2009\",\"dpi\":72,\"gt_sha256\":\"8c0c377ed870eca02a3ac0ba7c96dbb0f6183dc6c72fb52bb297c55bd0704bdb\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.FTNT_2009_page_67__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.FTNT_2009_page_67\",\"pdf_sha256\":\"460cafeaa338b06cf9f511a42703a66a865b9ce24f12a39ba16df69fd7026c80\",\"px\":[594,774],\"scan\":{\"render\":\"00003ffc38003ffc3e003ffc3e00007c3f7c3ffc007430703ffc3ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"FTNT_2009_page_67\",\"src\":{\"file_sha256\":\"6d3a73840e022a7e017da27d60ad7ee598437fcf0c3ee1436f3d7a81a11228e2\",\"render\":\"0000022038003ffc3f003ffc3fc000783ff83f80007030603ffc3ff800000000\",\"text\":\"d5c29b9d661028fc4b7bb1214caac112fb5e9e64b2da7ab279d25911c1969428\"},\"stack\":[{\"amp\":0.079,\"angle\":318.1,\"blob\":0.703,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":2.539},{\"gain\":0.873,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":70}],\"tools\":\"21647cade0ee\"},\"sha256\":\"460cafeaa338b06cf9f511a42703a66a865b9ce24f12a39ba16df69fd7026c80\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/460cafeaa338b06cf9f511a42703a66a865b9ce24f12a39ba16df69fd7026c80.pdf","asset_sha256":"460cafeaa338b06cf9f511a42703a66a865b9ce24f12a39ba16df69fd7026c80","document_id":"fintabnet:FTNT_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"FTNT_2009_page_67\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"F_2004_page_68\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:F_2004\",\"ground_truth\":{\"blocks\":[{\"bbox\":[227.8,140.3,1155.5,236.8],\"lines\":[{\"bbox\":[227.8,140.3,1155.5,236.8],\"text\":\"NOTES TO THE FINANCIAL STATEMENTS\"}],\"order\":0,\"text\":\"NOTES TO THE FINANCIAL STATEMENTS\"},{\"bbox\":[309.9,280.1,1363.3,364.6],\"lines\":[{\"bbox\":[309.9,280.1,1363.3,364.6],\"text\":\"NOTE 4. Discontinued and Held-for-Sale Operations (Continued)\"}],\"order\":1,\"text\":\"NOTE 4. Discontinued and Held-for-Sale Operations (Continued)\"},{\"bbox\":[290.2,340.2,2296.0,630.3],\"lines\":[{\"bbox\":[296.1,340.2,2212.0,452.5],\"text\":\"Discontinued Operations. The Automotive sector completed the disposition of several of its non-core businesses initiated in\"},{\"bbox\":[294.6,383.9,2241.6,497.3],\"text\":\"2002 and 2003, including our former automotive recycling businesses in the United States and Canada, our electric vehicle\"},{\"bbox\":[293.1,427.7,2237.7,541.0],\"text\":\"business in Norway, and our insurance-related products and services business in the U.K. Associated with the disposition of\"},{\"bbox\":[291.6,471.4,2291.6,586.6],\"text\":\"the entities, we recorded pre-tax charges of $9 million, $105 million, and $168 million in 2004, 2003, and 2002 respectively,\"},{\"bbox\":[290.2,515.1,1093.0,589.7],\"text\":\"reflected in gain/(loss) on discontinued operations.\"}],\"order\":2,\"text\":\"Discontinued Operations. The Automotive sector completed the disposition of several of its non-core businesses initiated in\\n2002 and 2003, including our former automotive recycling businesses in the United States and Canada, our electric vehicle\\nbusiness in Norway, and our insurance-related products and services business in the U.K. Associated with the disposition of\\nthe entities, we recorded pre-tax charges of $9 million, $105 million, and $168 million in 2004, 2003, and 2002 respectively,\\nreflected in gain/(loss) on discontinued operations.\"},{\"bbox\":[278.9,583.9,2281.0,961.2],\"lines\":[{\"bbox\":[287.8,583.9,2256.3,698.0],\"text\":\"In 2004, management committed to sell our Formula One racing operations, as these operations were not consistent with our\"},{\"bbox\":[286.3,627.6,2279.6,742.5],\"text\":\"Premier Automotive Group (“PAG”) Improvement Plan nor our goals to build on the basics and focus on our core business. We\"},{\"bbox\":[284.9,671.3,2263.5,785.8],\"text\":\"recorded a pre-tax charge of $69 million related to the anticipated loss on the sale of the net assets and a pre-tax impairment\"},{\"bbox\":[283.4,715.0,2186.3,826.9],\"text\":\"of goodwill of $204 million. We reclassified $45 million of pre-tax operating losses for the first nine months of 2004 and\"},{\"bbox\":[281.9,758.8,2264.8,874.5],\"text\":\"recorded a pre-tax charge of $23 million related to the write-down of inventory to Operating income/(loss) from discontinued\"},{\"bbox\":[280.4,802.5,2208.2,916.3],\"text\":\"operations. During the fourth quarter of 2004, we completed the sale of our Formula One racing operations and recorded\"},{\"bbox\":[278.9,846.2,886.1,914.1],\"text\":\"additional pre-tax losses of $8 million.\"}],\"order\":3,\"text\":\"In 2004, management committed to sell our Formula One racing operations, as these operations were not consistent with our\\nPremier Automotive Group (“PAG”) Improvement Plan nor our goals to build on the basics and focus on our core business. We\\nrecorded a pre-tax charge of $69 million related to the anticipated loss on the sale of the net assets and a pre-tax impairment\\nof goodwill of $204 million. We reclassified $45 million of pre-tax operating losses for the first nine months of 2004 and\\nrecorded a pre-tax charge of $23 million related to the write-down of inventory to Operating income/(loss) from discontinued\\noperations. During the fourth quarter of 2004, we completed the sale of our Formula One racing operations and recorded\\nadditional pre-tax losses of $8 million.\"},{\"bbox\":[276.6,915.0,1637.1,1008.4],\"lines\":[{\"bbox\":[276.6,915.0,1637.1,1008.4],\"text\":\"The results of all discontinued Automotive sector operations are as follows (in millions):\"}],\"order\":4,\"text\":\"The results of all discontinued Automotive sector operations are as follows (in millions):\"},{\"bbox\":[272.6,1033.7,356.1,1083.9],\"lines\":[{\"bbox\":[272.6,1033.7,356.1,1083.9],\"text\":\"Sales\"}],\"order\":5,\"text\":\"Sales\"},{\"bbox\":[1658.7,1080.8,1682.0,1128.9],\"lines\":[{\"bbox\":[1658.7,1080.8,1682.0,1128.9],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[1683.9,1036.4,1790.9,1132.4],\"lines\":[{\"bbox\":[1685.5,1036.4,1773.7,1086.8],\"text\":\"2004\"},{\"bbox\":[1722.8,1082.7,1789.4,1132.4],\"text\":\"186\"}],\"order\":7,\"text\":\"2004\\n186\"},{\"bbox\":[1895.5,1043.8,2027.7,1140.5],\"lines\":[{\"bbox\":[1918.3,1044.6,2006.5,1094.8],\"text\":\"2003\"},{\"bbox\":[1895.5,1088.8,2026.2,1140.5],\"text\":\"$ 396\"}],\"order\":8,\"text\":\"2003\\n$ 396\"},{\"bbox\":[264.9,1123.7,1126.4,1335.0],\"lines\":[{\"bbox\":[269.5,1123.7,1126.4,1200.1],\"text\":\"Operating income/(loss) from discontinued operations\"},{\"bbox\":[268.0,1168.7,884.6,1236.9],\"text\":\"Gain/(loss) on discontinued operations\"},{\"bbox\":[266.5,1213.7,910.9,1282.8],\"text\":\"(Provision for)/benefit from income taxes\"},{\"bbox\":[264.9,1258.6,947.1,1329.1],\"text\":\"Income/(loss) from discontinued operations\"}],\"order\":9,\"text\":\"Operating income/(loss) from discontinued operations\\nGain/(loss) on discontinued operations\\n(Provision for)/benefit from income taxes\\nIncome/(loss) from discontinued operations\"},{\"bbox\":[1651.1,1170.5,1798.9,1357.8],\"lines\":[{\"bbox\":[1655.7,1170.5,1798.9,1222.9],\"text\":\"$ (185)\"},{\"bbox\":[1710.4,1217.4,1797.3,1267.7],\"text\":\"(165)\"},{\"bbox\":[1716.7,1262.6,1783.3,1312.3],\"text\":\"122\"},{\"bbox\":[1651.1,1305.4,1794.3,1357.8],\"text\":\"$ (228)\"}],\"order\":10,\"text\":\"$ (185)\\n(165)\\n122\\n$ (228)\"},{\"bbox\":[1892.5,1178.8,1915.7,1226.9],\"lines\":[{\"bbox\":[1892.5,1178.8,1915.7,1226.9],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[2128.4,1096.7,2151.6,1144.8],\"lines\":[{\"bbox\":[2128.4,1096.7,2151.6,1144.8],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[1887.9,1178.8,2035.7,1365.9],\"lines\":[{\"bbox\":[1968.9,1181.4,2035.7,1230.9],\"text\":\"(64)\"},{\"bbox\":[1945.7,1225.6,2034.2,1275.9],\"text\":\"(105)\"},{\"bbox\":[1975.2,1271.7,2020.1,1320.5],\"text\":\"29\"},{\"bbox\":[1887.9,1313.7,2031.1,1365.9],\"text\":\"$ (140)\"}],\"order\":13,\"text\":\"(64)\\n(105)\\n29\\n$ (140)\"},{\"bbox\":[2156.6,1052.7,2260.6,1148.4],\"lines\":[{\"bbox\":[2158.1,1052.7,2246.3,1103.0],\"text\":\"2002\"},{\"bbox\":[2192.4,1098.9,2259.0,1148.4],\"text\":\"665\"}],\"order\":14,\"text\":\"2002\\n665\"},{\"bbox\":[2120.7,1186.7,2268.5,1373.8],\"lines\":[{\"bbox\":[2125.3,1186.7,2268.5,1238.8],\"text\":\"$ (247)\"},{\"bbox\":[2178.5,1233.5,2267.0,1283.8],\"text\":\"(168)\"},{\"bbox\":[2208.0,1279.6,2252.9,1328.4],\"text\":\"89\"},{\"bbox\":[2120.7,1321.6,2263.9,1373.8],\"text\":\"$ (326)\"}],\"order\":15,\"text\":\"$ (247)\\n(168)\\n89\\n$ (326)\"},{\"bbox\":[259.4,1377.3,2026.9,1528.2],\"lines\":[{\"bbox\":[260.9,1377.3,2026.9,1484.5],\"text\":\"As of December 31, 2004, there are no significant assets or liabilities remaining on our balance sheet related to\"},{\"bbox\":[259.4,1421.0,646.3,1481.4],\"text\":\"discontinued operations.\"}],\"order\":16,\"text\":\"As of December 31, 2004, there are no significant assets or liabilities remaining on our balance sheet related to\\ndiscontinued operations.\"},{\"bbox\":[256.0,1511.7,734.6,1585.7],\"lines\":[{\"bbox\":[256.0,1511.7,734.6,1585.7],\"text\":\"Financial Services Sector\"}],\"order\":17,\"text\":\"Financial Services Sector\"},{\"bbox\":[252.5,1580.3,2164.4,1736.2],\"lines\":[{\"bbox\":[254.0,1580.3,2164.4,1692.5],\"text\":\"Discontinued Operations. Consistent with our strategy to focus on our core business, we expect to either complete the sale\"},{\"bbox\":[252.5,1624.1,1692.6,1720.2],\"text\":\"during 2005 or have already completed the disposition of the operations referenced below.\"}],\"order\":18,\"text\":\"Discontinued Operations. Consistent with our strategy to focus on our core business, we expect to either complete the sale\\nduring 2005 or have already completed the disposition of the operations referenced below.\"},{\"bbox\":[247.2,1692.8,2211.5,1894.1],\"lines\":[{\"bbox\":[250.2,1692.8,2153.9,1804.7],\"text\":\"During 2003, we completed the sale of Axus, our all-makes vehicle fleet leasing operations in Europe, New Zealand and\"},{\"bbox\":[248.7,1736.5,2210.1,1850.4],\"text\":\"Australia. In 2002, we recognized a pre-tax charge of $31 million, reflected in loss on discontinued operations. This amount\"},{\"bbox\":[247.2,1780.3,2149.3,1892.1],\"text\":\"represented the difference between the selling price of these assets, less costs to sell them, and their recorded book value.\"}],\"order\":19,\"text\":\"During 2003, we completed the sale of Axus, our all-makes vehicle fleet leasing operations in Europe, New Zealand and\\nAustralia. In 2002, we recognized a pre-tax charge of $31 million, reflected in loss on discontinued operations. This amount\\nrepresented the difference between the selling price of these assets, less costs to sell them, and their recorded book value.\"},{\"bbox\":[240.4,1849.0,2243.9,2095.3],\"lines\":[{\"bbox\":[244.9,1849.0,2130.9,1960.3],\"text\":\"During 2004, we completed the sale of AMI Leasing and Fleet Management Services, our operation in the United States\"},{\"bbox\":[243.4,1892.7,2166.8,2005.3],\"text\":\"that offered full service car and truck leasing. In 2003, we recognized a pre-tax charge of $50 million, reflected in loss on\"},{\"bbox\":[241.9,1936.4,2240.9,2051.6],\"text\":\"discontinued operations. This amount represented the difference between the selling price of these assets, less costs to sell them,\"},{\"bbox\":[240.4,1980.2,730.3,2044.1],\"text\":\"and their recorded book value.\"}],\"order\":20,\"text\":\"During 2004, we completed the sale of AMI Leasing and Fleet Management Services, our operation in the United States\\nthat offered full service car and truck leasing. In 2003, we recognized a pre-tax charge of $50 million, reflected in loss on\\ndiscontinued operations. This amount represented the difference between the selling price of these assets, less costs to sell them,\\nand their recorded book value.\"},{\"bbox\":[232.2,2048.9,2191.8,2337.4],\"lines\":[{\"bbox\":[238.1,2048.9,2144.9,2160.9],\"text\":\"During the fourth quarter of 2004, management committed to a plan to sell Triad Financial Corporation, our operation in\"},{\"bbox\":[236.6,2092.6,2190.3,2206.2],\"text\":\"the U.S. that specializes in automobile retail installment sales contracts with borrowers who generally would not be expected\"},{\"bbox\":[235.1,2136.4,2184.0,2249.8],\"text\":\"to qualify, based on their credit worthiness, for traditional financing sources such as those provided by commercial banks or\"},{\"bbox\":[233.6,2180.1,2181.5,2293.5],\"text\":\"automobile manufacturers’ affiliated finance companies. We expect to complete the sale of this business during 2005 for an\"},{\"bbox\":[232.2,2223.8,922.1,2294.5],\"text\":\"amount approximately equal to book value.\"}],\"order\":21,\"text\":\"During the fourth quarter of 2004, management committed to a plan to sell Triad Financial Corporation, our operation in\\nthe U.S. that specializes in automobile retail installment sales contracts with borrowers who generally would not be expected\\nto qualify, based on their credit worthiness, for traditional financing sources such as those provided by commercial banks or\\nautomobile manufacturers’ affiliated finance companies. We expect to complete the sale of this business during 2005 for an\\namount approximately equal to book value.\"},{\"bbox\":[229.8,2292.5,1903.4,2396.6],\"lines\":[{\"bbox\":[229.8,2292.5,1903.4,2396.6],\"text\":\"The results of all discontinued Financial Services sector discontinued operations are as follows (in millions):\"}],\"order\":22,\"text\":\"The results of all discontinued Financial Services sector discontinued operations are as follows (in millions):\"},{\"bbox\":[225.9,2407.0,372.6,2459.2],\"lines\":[{\"bbox\":[225.9,2407.0,372.6,2459.2],\"text\":\"Revenues\"}],\"order\":23,\"text\":\"Revenues\"},{\"bbox\":[1578.9,2452.9,1602.2,2501.0],\"lines\":[{\"bbox\":[1578.9,2452.9,1602.2,2501.0],\"text\":\"$\"}],\"order\":24,\"text\":\"$\"},{\"bbox\":[218.3,2496.9,1079.8,2708.2],\"lines\":[{\"bbox\":[222.9,2496.9,1079.8,2573.3],\"text\":\"Operating income/(loss) from discontinued operations\"},{\"bbox\":[221.4,2541.9,838.0,2610.1],\"text\":\"Gain/(loss) on discontinued operations\"},{\"bbox\":[230.7,2587.3,875.1,2656.4],\"text\":\"(Provision for)/benefit from income taxes\"},{\"bbox\":[218.3,2631.9,900.5,2702.3],\"text\":\"Income/(loss) from discontinued operations\"}],\"order\":25,\"text\":\"Operating income/(loss) from discontinued operations\\nGain/(loss) on discontinued operations\\n(Provision for)/benefit from income taxes\\nIncome/(loss) from discontinued operations\"},{\"bbox\":[1575.9,2542.8,1599.2,2590.9],\"lines\":[{\"bbox\":[1575.9,2542.8,1599.2,2590.9],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[1571.3,2677.8,1594.6,2725.9],\"lines\":[{\"bbox\":[1571.3,2677.8,1594.6,2725.9],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[1612.8,2408.8,1719.5,2504.7],\"lines\":[{\"bbox\":[1614.3,2408.8,1702.6,2459.2],\"text\":\"2004\"},{\"bbox\":[1651.4,2455.1,1718.0,2504.7],\"text\":\"395\"}],\"order\":28,\"text\":\"2004\\n395\"},{\"bbox\":[1643.8,2545.0,1723.2,2729.9],\"lines\":[{\"bbox\":[1648.3,2545.0,1714.9,2594.7],\"text\":\"138\"},{\"bbox\":[1699.4,2591.8,1713.4,2639.7],\"text\":\"-\"},{\"bbox\":[1654.9,2635.3,1720.2,2685.0],\"text\":\"(57)\"},{\"bbox\":[1665.4,2680.7,1710.4,2729.6],\"text\":\"81\"}],\"order\":29,\"text\":\"138\\n-\\n(57)\\n81\"},{\"bbox\":[1819.2,2461.0,1842.5,2509.1],\"lines\":[{\"bbox\":[1819.2,2461.0,1842.5,2509.1],\"text\":\"$\"}],\"order\":30,\"text\":\"$\"},{\"bbox\":[1816.2,2551.0,1839.4,2599.1],\"lines\":[{\"bbox\":[1816.2,2551.0,1839.4,2599.1],\"text\":\"$\"}],\"order\":31,\"text\":\"$\"},{\"bbox\":[1811.6,2685.9,1834.8,2734.0],\"lines\":[{\"bbox\":[1811.6,2685.9,1834.8,2734.0],\"text\":\"$\"}],\"order\":32,\"text\":\"$\"},{\"bbox\":[1852.7,2417.2,1959.8,2513.0],\"lines\":[{\"bbox\":[1854.3,2417.2,1942.5,2467.5],\"text\":\"2003\"},{\"bbox\":[1891.7,2463.5,1958.2,2513.0],\"text\":\"446\"}],\"order\":33,\"text\":\"2003\\n446\"},{\"bbox\":[1892.1,2553.7,1964.2,2738.3],\"lines\":[{\"bbox\":[1910.3,2554.2,1955.2,2603.0],\"text\":\"83\"},{\"bbox\":[1895.8,2598.7,1962.7,2648.3],\"text\":\"(50)\"},{\"bbox\":[1893.6,2643.7,1960.5,2693.3],\"text\":\"(36)\"},{\"bbox\":[1913.8,2689.4,1958.9,2738.2],\"text\":\"(3)\"}],\"order\":34,\"text\":\"83\\n(50)\\n(36)\\n(3)\"},{\"bbox\":[2058.2,2469.2,2081.5,2517.2],\"lines\":[{\"bbox\":[2058.2,2469.2,2081.5,2517.2],\"text\":\"$\"}],\"order\":35,\"text\":\"$\"},{\"bbox\":[2055.2,2559.1,2078.5,2607.2],\"lines\":[{\"bbox\":[2055.2,2559.1,2078.5,2607.2],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[2050.6,2694.1,2073.9,2742.1],\"lines\":[{\"bbox\":[2050.6,2694.1,2073.9,2742.1],\"text\":\"$\"}],\"order\":37,\"text\":\"$\"},{\"bbox\":[2095.1,2425.4,2198.8,2521.2],\"lines\":[{\"bbox\":[2096.6,2425.4,2184.9,2475.7],\"text\":\"2002\"},{\"bbox\":[2130.7,2471.6,2197.3,2521.2],\"text\":\"665\"}],\"order\":38,\"text\":\"2002\\n665\"},{\"bbox\":[2131.8,2561.9,2203.2,2746.4],\"lines\":[{\"bbox\":[2149.3,2562.3,2194.2,2611.1],\"text\":\"27\"},{\"bbox\":[2134.9,2606.9,2201.7,2656.4],\"text\":\"(31)\"},{\"bbox\":[2154.3,2652.5,2199.5,2701.4],\"text\":\"(3)\"},{\"bbox\":[2152.8,2697.5,2198.0,2746.4],\"text\":\"(7)\"}],\"order\":39,\"text\":\"27\\n(31)\\n(3)\\n(7)\"},{\"bbox\":[209.7,2754.8,2140.1,2998.7],\"lines\":[{\"bbox\":[214.1,2754.8,2140.1,2867.5],\"text\":\"At December 31, 2004 and December 31, 2003, assets of our discontinued operations totaled approximately $2.2 billion\"},{\"bbox\":[212.7,2798.6,2100.7,2910.0],\"text\":\"and $1.8 billion, respectively, and consisted primarily of net finance receivables of about $1.7 billion and $850 million,\"},{\"bbox\":[211.2,2842.3,2058.3,2952.3],\"text\":\"respectively; net investment in operating leases of about $300 million at December 31, 2003; and retained interest in\"},{\"bbox\":[209.7,2886.0,1331.2,2971.4],\"text\":\"securitized assets of about $350 million and $450 million, respectively.\"}],\"order\":40,\"text\":\"At December 31, 2004 and December 31, 2003, assets of our discontinued operations totaled approximately $2.2 billion\\nand $1.8 billion, respectively, and consisted primarily of net finance receivables of about $1.7 billion and $850 million,\\nrespectively; net investment in operating leases of about $300 million at December 31, 2003; and retained interest in\\nsecuritized assets of about $350 million and $450 million, respectively.\"},{\"bbox\":[57.6,3103.0,117.9,3157.6],\"lines\":[{\"bbox\":[57.6,3103.0,117.9,3157.6],\"text\":\"66\"}],\"order\":41,\"text\":\"66\"}],\"doc\":\"fintabnet:F_2004\",\"dpi\":300,\"image_px\":[2550,3263],\"layout\":[],\"markdown\":\"NOTES TO THE FINANCIAL STATEMENTS\\n\\nNOTE 4. Discontinued and Held-for-Sale Operations (Continued)\\n\\nDiscontinued Operations. The Automotive sector completed the disposition of several of its non-core businesses initiated in\\n2002 and 2003, including our former automotive recycling businesses in the United States and Canada, our electric vehicle\\nbusiness in Norway, and our insurance-related products and services business in the U.K. Associated with the disposition of\\nthe entities, we recorded pre-tax charges of $9 million, $105 million, and $168 million in 2004, 2003, and 2002 respectively,\\nreflected in gain/(loss) on discontinued operations.\\n\\nIn 2004, management committed to sell our Formula One racing operations, as these operations were not consistent with our\\nPremier Automotive Group (“PAG”) Improvement Plan nor our goals to build on the basics and focus on our core business. We\\nrecorded a pre-tax charge of $69 million related to the anticipated loss on the sale of the net assets and a pre-tax impairment\\nof goodwill of $204 million. We reclassified $45 million of pre-tax operating losses for the first nine months of 2004 and\\nrecorded a pre-tax charge of $23 million related to the write-down of inventory to Operating income/(loss) from discontinued\\noperations. During the fourth quarter of 2004, we completed the sale of our Formula One racing operations and recorded\\nadditional pre-tax losses of $8 million.\\n\\nThe results of all discontinued Automotive sector operations are as follows (in millions):\\n\\nSales\\n\\n$\\n\\n2004\\n186\\n\\n2003\\n$ 396\\n\\nOperating income/(loss) from discontinued operations\\nGain/(loss) on discontinued operations\\n(Provision for)/benefit from income taxes\\nIncome/(loss) from discontinued operations\\n\\n$ (185)\\n(165)\\n122\\n$ (228)\\n\\n$\\n\\n$\\n\\n(64)\\n(105)\\n29\\n$ (140)\\n\\n2002\\n665\\n\\n$ (247)\\n(168)\\n89\\n$ (326)\\n\\nAs of December 31, 2004, there are no significant assets or liabilities remaining on our balance sheet related to\\ndiscontinued operations.\\n\\nFinancial Services Sector\\n\\nDiscontinued Operations. Consistent with our strategy to focus on our core business, we expect to either complete the sale\\nduring 2005 or have already completed the disposition of the operations referenced below.\\n\\nDuring 2003, we completed the sale of Axus, our all-makes vehicle fleet leasing operations in Europe, New Zealand and\\nAustralia. In 2002, we recognized a pre-tax charge of $31 million, reflected in loss on discontinued operations. This amount\\nrepresented the difference between the selling price of these assets, less costs to sell them, and their recorded book value.\\n\\nDuring 2004, we completed the sale of AMI Leasing and Fleet Management Services, our operation in the United States\\nthat offered full service car and truck leasing. In 2003, we recognized a pre-tax charge of $50 million, reflected in loss on\\ndiscontinued operations. This amount represented the difference between the selling price of these assets, less costs to sell them,\\nand their recorded book value.\\n\\nDuring the fourth quarter of 2004, management committed to a plan to sell Triad Financial Corporation, our operation in\\nthe U.S. that specializes in automobile retail installment sales contracts with borrowers who generally would not be expected\\nto qualify, based on their credit worthiness, for traditional financing sources such as those provided by commercial banks or\\nautomobile manufacturers’ affiliated finance companies. We expect to complete the sale of this business during 2005 for an\\namount approximately equal to book value.\\n\\nThe results of all discontinued Financial Services sector discontinued operations are as follows (in millions):\\n\\nRevenues\\n\\n$\\n\\nOperating income/(loss) from discontinued operations\\nGain/(loss) on discontinued operations\\n(Provision for)/benefit from income taxes\\nIncome/(loss) from discontinued operations\\n\\n$\\n\\n$\\n\\n2004\\n395\\n\\n138\\n-\\n(57)\\n81\\n\\n$\\n\\n$\\n\\n$\\n\\n2003\\n446\\n\\n83\\n(50)\\n(36)\\n(3)\\n\\n$\\n\\n$\\n\\n$\\n\\n2002\\n665\\n\\n27\\n(31)\\n(3)\\n(7)\\n\\nAt December 31, 2004 and December 31, 2003, assets of our discontinued operations totaled approximately $2.2 billion\\nand $1.8 billion, respectively, and consisted primarily of net finance receivables of about $1.7 billion and $850 million,\\nrespectively; net investment in operating leases of about $300 million at December 31, 2003; and retained interest in\\nsecuritized assets of about $350 million and $450 million, respectively.\\n\\n66\",\"name\":\"fintabnet.F_2004_page_68__300dpi_medium\",\"page_id\":\"fintabnet.F_2004_page_68\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.944,\"source\":\"fintabnet\",\"source_id\":\"F_2004_page_68\",\"stack\":[{\"deg\":-1.944,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.728},{\"op\":\"noise\",\"sigma\":6.187},{\"gain\":0.731,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.02,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[264.9,988.5,2273.1,1373.8],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15],\"cells\":null},{\"bbox\":[218.3,2361.7,2207.8,2746.4],\"block_orders\":[23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39],\"cells\":null}],\"text\":\"NOTES TO THE FINANCIAL STATEMENTS\\n\\nNOTE 4. Discontinued and Held-for-Sale Operations (Continued)\\n\\nDiscontinued Operations. The Automotive sector completed the disposition of several of its non-core businesses initiated in\\n2002 and 2003, including our former automotive recycling businesses in the United States and Canada, our electric vehicle\\nbusiness in Norway, and our insurance-related products and services business in the U.K. Associated with the disposition of\\nthe entities, we recorded pre-tax charges of $9 million, $105 million, and $168 million in 2004, 2003, and 2002 respectively,\\nreflected in gain/(loss) on discontinued operations.\\n\\nIn 2004, management committed to sell our Formula One racing operations, as these operations were not consistent with our\\nPremier Automotive Group (“PAG”) Improvement Plan nor our goals to build on the basics and focus on our core business. We\\nrecorded a pre-tax charge of $69 million related to the anticipated loss on the sale of the net assets and a pre-tax impairment\\nof goodwill of $204 million. We reclassified $45 million of pre-tax operating losses for the first nine months of 2004 and\\nrecorded a pre-tax charge of $23 million related to the write-down of inventory to Operating income/(loss) from discontinued\\noperations. During the fourth quarter of 2004, we completed the sale of our Formula One racing operations and recorded\\nadditional pre-tax losses of $8 million.\\n\\nThe results of all discontinued Automotive sector operations are as follows (in millions):\\n\\nSales\\n\\n$\\n\\n2004\\n186\\n\\n2003\\n$ 396\\n\\nOperating income/(loss) from discontinued operations\\nGain/(loss) on discontinued operations\\n(Provision for)/benefit from income taxes\\nIncome/(loss) from discontinued operations\\n\\n$ (185)\\n(165)\\n122\\n$ (228)\\n\\n$\\n\\n$\\n\\n(64)\\n(105)\\n29\\n$ (140)\\n\\n2002\\n665\\n\\n$ (247)\\n(168)\\n89\\n$ (326)\\n\\nAs of December 31, 2004, there are no significant assets or liabilities remaining on our balance sheet related to\\ndiscontinued operations.\\n\\nFinancial Services Sector\\n\\nDiscontinued Operations. Consistent with our strategy to focus on our core business, we expect to either complete the sale\\nduring 2005 or have already completed the disposition of the operations referenced below.\\n\\nDuring 2003, we completed the sale of Axus, our all-makes vehicle fleet leasing operations in Europe, New Zealand and\\nAustralia. In 2002, we recognized a pre-tax charge of $31 million, reflected in loss on discontinued operations. This amount\\nrepresented the difference between the selling price of these assets, less costs to sell them, and their recorded book value.\\n\\nDuring 2004, we completed the sale of AMI Leasing and Fleet Management Services, our operation in the United States\\nthat offered full service car and truck leasing. In 2003, we recognized a pre-tax charge of $50 million, reflected in loss on\\ndiscontinued operations. This amount represented the difference between the selling price of these assets, less costs to sell them,\\nand their recorded book value.\\n\\nDuring the fourth quarter of 2004, management committed to a plan to sell Triad Financial Corporation, our operation in\\nthe U.S. that specializes in automobile retail installment sales contracts with borrowers who generally would not be expected\\nto qualify, based on their credit worthiness, for traditional financing sources such as those provided by commercial banks or\\nautomobile manufacturers’ affiliated finance companies. We expect to complete the sale of this business during 2005 for an\\namount approximately equal to book value.\\n\\nThe results of all discontinued Financial Services sector discontinued operations are as follows (in millions):\\n\\nRevenues\\n\\n$\\n\\nOperating income/(loss) from discontinued operations\\nGain/(loss) on discontinued operations\\n(Provision for)/benefit from income taxes\\nIncome/(loss) from discontinued operations\\n\\n$\\n\\n$\\n\\n2004\\n395\\n\\n138\\n-\\n(57)\\n81\\n\\n$\\n\\n$\\n\\n$\\n\\n2003\\n446\\n\\n83\\n(50)\\n(36)\\n(3)\\n\\n$\\n\\n$\\n\\n$\\n\\n2002\\n665\\n\\n27\\n(31)\\n(3)\\n(7)\\n\\nAt December 31, 2004 and December 31, 2003, assets of our discontinued operations totaled approximately $2.2 billion\\nand $1.8 billion, respectively, and consisted primarily of net finance receivables of about $1.7 billion and $850 million,\\nrespectively; net investment in operating leases of about $300 million at December 31, 2003; and retained interest in\\nsecuritized assets of about $350 million and $450 million, respectively.\\n\\n66\"},\"name\":\"fintabnet.F_2004_page_68__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":141094,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:F_2004\",\"dpi\":300,\"gt_sha256\":\"9d9a5fbd1ebc4253bdc3c21361f9cee62a8ad82ae6dc320bc7ed530e996d3d2f\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.F_2004_page_68__300dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.F_2004_page_68\",\"pdf_sha256\":\"5d4d25931e353dcbd730e03961b3bb33f4b899e712b3314e20686e006f2b199e\",\"px\":[2550,3263],\"scan\":{\"render\":\"000037003ffc3ffc3ffc383c3c1c30003ff87ffc7ffc7df078047c3c3fb80000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"F_2004_page_68\",\"src\":{\"file_sha256\":\"1b1ec6f00fea367f06c38e6c1f6a2b5ba23aa6a7b221e2bec291a7245c186527\",\"render\":\"00003f007ffc7ffc7ffc7c3c7c3e78007ffc7ffc7ffc7ffc7c2c7ffc3ff80000\",\"text\":\"eb18e338d799a5f784c9d757d4a5cd7f9439534f212f3234272ad029edb67155\"},\"stack\":[{\"deg\":-1.944,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.728},{\"op\":\"noise\",\"sigma\":6.187},{\"gain\":0.731,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.02,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"5d4d25931e353dcbd730e03961b3bb33f4b899e712b3314e20686e006f2b199e\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/5d4d25931e353dcbd730e03961b3bb33f4b899e712b3314e20686e006f2b199e.pdf","asset_sha256":"5d4d25931e353dcbd730e03961b3bb33f4b899e712b3314e20686e006f2b199e","document_id":"fintabnet:F_2004","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"F_2004_page_68\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"F_2004_page_70\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:F_2004\",\"ground_truth\":{\"blocks\":[{\"bbox\":[122.1,64.2,586.1,117.8],\"lines\":[{\"bbox\":[122.1,64.2,586.1,117.8],\"text\":\"NOTES TO THE FINANCIAL STATEMENTS\"}],\"order\":0,\"text\":\"NOTES TO THE FINANCIAL STATEMENTS\"},{\"bbox\":[153.1,134.2,668.0,181.9],\"lines\":[{\"bbox\":[153.1,134.2,668.0,181.9],\"text\":\"NOTE 5. Marketable, Loaned and Other Securities (Continued)\"}],\"order\":1,\"text\":\"NOTE 5. Marketable, Loaned and Other Securities (Continued)\"},{\"bbox\":[150.8,164.4,1149.7,255.3],\"lines\":[{\"bbox\":[151.7,164.4,1149.7,233.4],\"text\":\"The amortized cost and fair value of investments in available-for-sale and held-to-maturity securities by contractual maturity for\"},{\"bbox\":[150.8,186.3,887.8,243.4],\"text\":\"Automotive and Financial Service sectors at December 31, 2004 were as follows (in millions):\"}],\"order\":2,\"text\":\"The amortized cost and fair value of investments in available-for-sale and held-to-maturity securities by contractual maturity for\\nAutomotive and Financial Service sectors at December 31, 2004 were as follows (in millions):\"},{\"bbox\":[156.0,291.6,346.4,503.4],\"lines\":[{\"bbox\":[183.8,292.5,346.4,323.5],\"text\":\"Contractual Maturity\"},{\"bbox\":[163.2,314.1,215.7,340.1],\"text\":\"1 year\"},{\"bbox\":[162.2,336.6,238.9,363.7],\"text\":\"2-5 years\"},{\"bbox\":[161.1,359.1,248.7,386.7],\"text\":\"6-10 years\"},{\"bbox\":[160.1,381.6,306.9,411.9],\"text\":\"11 years and later\"},{\"bbox\":[159.1,404.1,301.5,434.2],\"text\":\"Mortgage-backed\"},{\"bbox\":[176.8,427.4,249.0,454.3],\"text\":\"securities\"},{\"bbox\":[157.0,449.0,282.7,478.4],\"text\":\"Equity securities\"},{\"bbox\":[174.8,472.4,211.7,497.7],\"text\":\"Total\"}],\"order\":3,\"text\":\"Contractual Maturity\\n1 year\\n2-5 years\\n6-10 years\\n11 years and later\\nMortgage-backed\\nsecurities\\nEquity securities\\nTotal\"},{\"bbox\":[422.7,236.1,644.9,426.9],\"lines\":[{\"bbox\":[493.9,239.0,583.6,266.7],\"text\":\"Automotive\"},{\"bbox\":[462.3,260.1,606.0,290.3],\"text\":\"Available-for-Sale\"},{\"bbox\":[438.9,281.6,522.7,309.0],\"text\":\"Amortized\"},{\"bbox\":[584.7,288.2,616.4,313.3],\"text\":\"Fair\"},{\"bbox\":[462.1,305.2,497.4,330.4],\"text\":\"Cost\"},{\"bbox\":[577.1,310.4,622.0,336.0],\"text\":\"Value\"},{\"bbox\":[425.8,326.0,437.7,350.2],\"text\":\"$\"},{\"bbox\":[504.0,329.6,526.8,354.3],\"text\":\"52\"},{\"bbox\":[560.7,332.2,572.6,356.3],\"text\":\"$\"},{\"bbox\":[618.1,334.8,640.8,359.4],\"text\":\"52\"},{\"bbox\":[475.9,350.9,525.7,376.7],\"text\":\"1,218\"},{\"bbox\":[590.0,356.0,639.8,381.9],\"text\":\"1,209\"},{\"bbox\":[491.2,374.1,524.7,399.2],\"text\":\"211\"},{\"bbox\":[605.2,379.3,638.8,404.4],\"text\":\"205\"},{\"bbox\":[490.1,396.6,523.7,421.7],\"text\":\"246\"},{\"bbox\":[604.2,401.8,637.7,426.9],\"text\":\"246\"}],\"order\":4,\"text\":\"Automotive\\nAvailable-for-Sale\\nAmortized\\nFair\\nCost\\nValue\\n$\\n52\\n$\\n52\\n1,218\\n1,209\\n211\\n205\\n246\\n246\"},{\"bbox\":[469.8,440.8,521.6,511.7],\"lines\":[{\"bbox\":[514.3,442.7,521.6,466.7],\"text\":\"-\"},{\"bbox\":[513.3,465.2,520.6,489.2],\"text\":\"-\"},{\"bbox\":[469.8,485.8,519.6,511.7],\"text\":\"1,727\"}],\"order\":5,\"text\":\"-\\n-\\n1,727\"},{\"bbox\":[418.6,483.5,430.5,507.6],\"lines\":[{\"bbox\":[418.6,483.5,430.5,507.6],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[553.5,489.6,565.4,513.7],\"lines\":[{\"bbox\":[553.5,489.6,565.4,513.7],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[583.9,446.0,635.7,516.8],\"lines\":[{\"bbox\":[628.4,447.9,635.7,471.9],\"text\":\"-\"},{\"bbox\":[627.4,470.4,634.7,494.4],\"text\":\"-\"},{\"bbox\":[583.9,491.0,633.7,516.8],\"text\":\"1,712\"}],\"order\":8,\"text\":\"-\\n-\\n1,712\"},{\"bbox\":[680.3,247.8,1144.6,449.6],\"lines\":[{\"bbox\":[849.9,255.2,991.9,285.2],\"text\":\"Financial Services\"},{\"bbox\":[721.2,271.9,864.9,302.0],\"text\":\"Available-for-Sale\"},{\"bbox\":[968.9,283.1,1098.8,312.6],\"text\":\"Held-to-Maturity\"},{\"bbox\":[697.8,293.3,781.5,320.8],\"text\":\"Amortized\"},{\"bbox\":[844.8,300.0,876.5,325.1],\"text\":\"Fair\"},{\"bbox\":[938.6,304.3,1022.4,331.7],\"text\":\"Amortized\"},{\"bbox\":[1084.4,310.9,1116.1,336.0],\"text\":\"Fair\"},{\"bbox\":[721.0,316.9,756.3,342.1],\"text\":\"Cost\"},{\"bbox\":[837.2,322.2,882.1,347.9],\"text\":\"Value\"},{\"bbox\":[961.8,327.9,997.1,353.1],\"text\":\"Cost\"},{\"bbox\":[1076.8,333.1,1121.7,358.7],\"text\":\"Value\"},{\"bbox\":[683.4,337.8,695.3,361.9],\"text\":\"$\"},{\"bbox\":[776.6,342.0,788.5,366.1],\"text\":\"8\"},{\"bbox\":[816.6,343.8,828.5,368.0],\"text\":\"$\"},{\"bbox\":[889.0,347.1,937.4,372.9],\"text\":\"8 $\"},{\"bbox\":[1014.5,352.8,1026.4,377.0],\"text\":\"1\"},{\"bbox\":[1060.3,354.9,1072.2,379.0],\"text\":\"$\"},{\"bbox\":[1128.6,358.0,1140.5,382.1],\"text\":\"1\"},{\"bbox\":[754.0,363.5,787.5,388.6],\"text\":\"212\"},{\"bbox\":[866.3,368.6,899.9,393.7],\"text\":\"212\"},{\"bbox\":[1013.5,375.3,1025.4,399.4],\"text\":\"4\"},{\"bbox\":[1127.6,380.5,1139.5,404.6],\"text\":\"4\"},{\"bbox\":[763.8,386.5,786.5,411.1],\"text\":\"80\"},{\"bbox\":[876.1,391.6,898.8,416.2],\"text\":\"85\"},{\"bbox\":[1017.1,398.0,1024.4,421.9],\"text\":\"-\"},{\"bbox\":[1131.2,403.2,1138.5,427.1],\"text\":\"-\"},{\"bbox\":[762.7,409.0,785.5,433.6],\"text\":\"69\"},{\"bbox\":[875.1,414.1,897.8,438.7],\"text\":\"73\"},{\"bbox\":[1011.5,420.3,1023.4,444.4],\"text\":\"2\"},{\"bbox\":[1125.5,425.4,1137.4,449.6],\"text\":\"2\"}],\"order\":9,\"text\":\"Financial Services\\nAvailable-for-Sale\\nHeld-to-Maturity\\nAmortized\\nFair\\nAmortized\\nFair\\nCost\\nValue\\nCost\\nValue\\n$\\n8\\n$\\n8 $\\n1\\n$\\n1\\n212\\n212\\n4\\n4\\n80\\n85\\n-\\n-\\n69\\n73\\n2\\n2\"},{\"bbox\":[676.2,495.2,688.1,519.3],\"lines\":[{\"bbox\":[676.2,495.2,688.1,519.3],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[747.8,453.4,783.4,523.6],\"lines\":[{\"bbox\":[749.9,453.4,783.4,478.6],\"text\":\"184\"},{\"bbox\":[759.7,476.4,782.4,501.1],\"text\":\"49\"},{\"bbox\":[747.8,498.4,781.4,523.6],\"text\":\"602\"}],\"order\":11,\"text\":\"184\\n49\\n602\"},{\"bbox\":[809.4,501.2,821.3,525.4],\"lines\":[{\"bbox\":[809.4,501.2,821.3,525.4],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[860.2,458.5,895.8,528.7],\"lines\":[{\"bbox\":[862.2,458.5,895.8,483.7],\"text\":\"187\"},{\"bbox\":[872.0,481.5,894.8,506.2],\"text\":\"84\"},{\"bbox\":[860.2,503.5,893.7,528.7],\"text\":\"649\"}],\"order\":13,\"text\":\"187\\n84\\n649\"},{\"bbox\":[1007.4,465.2,1021.3,534.4],\"lines\":[{\"bbox\":[1014.0,465.4,1021.3,489.4],\"text\":\"-\"},{\"bbox\":[1013.0,487.9,1020.3,511.9],\"text\":\"-\"},{\"bbox\":[1007.4,510.2,1019.3,534.4],\"text\":\"7\"}],\"order\":14,\"text\":\"-\\n-\\n7\"},{\"bbox\":[918.3,506.2,930.2,530.3],\"lines\":[{\"bbox\":[918.3,506.2,930.2,530.3],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[1121.4,470.4,1135.4,539.5],\"lines\":[{\"bbox\":[1128.1,470.6,1135.4,494.6],\"text\":\"-\"},{\"bbox\":[1127.1,493.1,1134.4,517.1],\"text\":\"-\"},{\"bbox\":[1121.4,515.4,1133.3,539.5],\"text\":\"7\"}],\"order\":16,\"text\":\"-\\n-\\n7\"},{\"bbox\":[1053.2,512.3,1065.1,536.4],\"lines\":[{\"bbox\":[1053.2,512.3,1065.1,536.4],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[134.3,526.7,1115.6,616.7],\"lines\":[{\"bbox\":[135.3,526.7,1115.6,594.9],\"text\":\"The fair value of the Company’s investments in an unrealized loss position at December 31, 2004, aggregated by investment\"},{\"bbox\":[134.3,548.6,1044.0,613.5],\"text\":\"category and length of time that the investments have been in a continuous loss position, are as follows (in millions):\"}],\"order\":18,\"text\":\"The fair value of the Company’s investments in an unrealized loss position at December 31, 2004, aggregated by investment\\ncategory and length of time that the investments have been in a continuous loss position, are as follows (in millions):\"},{\"bbox\":[144.2,653.5,379.0,777.6],\"lines\":[{\"bbox\":[167.6,654.4,356.7,686.6],\"text\":\"Description of Securities\"},{\"bbox\":[147.3,675.9,292.7,706.1],\"text\":\"Automotive sector\"},{\"bbox\":[146.3,698.5,377.0,732.6],\"text\":\"U.S. government and agency\"},{\"bbox\":[145.2,721.0,308.2,752.0],\"text\":\"Other debt securities\"},{\"bbox\":[162.9,744.3,199.9,769.6],\"text\":\"Total\"}],\"order\":19,\"text\":\"Description of Securities\\nAutomotive sector\\nU.S. government and agency\\nOther debt securities\\nTotal\"},{\"bbox\":[139.1,788.3,339.3,888.5],\"lines\":[{\"bbox\":[142.2,788.3,339.3,820.9],\"text\":\"Financial Services sector\"},{\"bbox\":[141.1,810.9,304.1,841.9],\"text\":\"Other debt securities\"},{\"bbox\":[140.1,833.4,265.8,862.7],\"text\":\"Equity securities\"},{\"bbox\":[157.8,856.7,194.8,882.0],\"text\":\"Total\"}],\"order\":20,\"text\":\"Financial Services sector\\nOther debt securities\\nEquity securities\\nTotal\"},{\"bbox\":[426.9,598.0,641.2,699.4],\"lines\":[{\"bbox\":[453.2,599.0,618.8,630.1],\"text\":\"Less Than 12 Months\"},{\"bbox\":[573.0,631.1,619.8,656.8],\"text\":\"Gross\"},{\"bbox\":[551.8,651.0,639.1,678.6],\"text\":\"Unrealized\"},{\"bbox\":[426.9,666.2,507.8,693.5],\"text\":\"Fair Value\"},{\"bbox\":[569.9,672.7,619.0,698.5],\"text\":\"Losses\"}],\"order\":21,\"text\":\"Less Than 12 Months\\nGross\\nUnrealized\\nFair Value\\nLosses\"},{\"bbox\":[673.2,609.1,883.0,710.4],\"lines\":[{\"bbox\":[698.1,610.1,872.0,641.7],\"text\":\"12 Months or Greater\"},{\"bbox\":[814.8,642.1,861.5,667.8],\"text\":\"Gross\"},{\"bbox\":[793.5,662.0,880.8,689.5],\"text\":\"Unrealized\"},{\"bbox\":[673.2,677.4,754.1,704.6],\"text\":\"Fair Value\"},{\"bbox\":[811.7,683.6,860.8,709.5],\"text\":\"Losses\"}],\"order\":22,\"text\":\"12 Months or Greater\\nGross\\nUnrealized\\nFair Value\\nLosses\"},{\"bbox\":[918.9,688.5,999.8,715.8],\"lines\":[{\"bbox\":[918.9,688.5,999.8,715.8],\"text\":\"Fair Value\"}],\"order\":23,\"text\":\"Fair Value\"},{\"bbox\":[1035.7,652.2,1124.9,721.4],\"lines\":[{\"bbox\":[1057.9,653.1,1104.6,678.8],\"text\":\"Gross\"},{\"bbox\":[1036.7,673.0,1123.9,700.6],\"text\":\"Unrealized\"},{\"bbox\":[1054.8,694.7,1103.9,720.5],\"text\":\"Losses\"}],\"order\":24,\"text\":\"Gross\\nUnrealized\\nLosses\"},{\"bbox\":[420.9,711.0,432.8,735.1],\"lines\":[{\"bbox\":[420.9,711.0,432.8,735.1],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[607.8,719.5,632.6,789.2],\"lines\":[{\"bbox\":[620.7,720.0,632.6,744.2],\"text\":\"7\"},{\"bbox\":[619.7,742.5,631.6,766.7],\"text\":\"4\"},{\"bbox\":[607.8,764.5,630.6,789.2],\"text\":\"11\"}],\"order\":26,\"text\":\"7\\n4\\n11\"},{\"bbox\":[675.2,722.5,687.1,746.7],\"lines\":[{\"bbox\":[675.2,722.5,687.1,746.7],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[864.6,731.2,878.6,800.3],\"lines\":[{\"bbox\":[866.6,731.2,878.6,755.4],\"text\":\"3\"},{\"bbox\":[865.6,753.7,877.5,777.9],\"text\":\"5\"},{\"bbox\":[864.6,776.2,876.5,800.3],\"text\":\"8\"}],\"order\":28,\"text\":\"3\\n5\\n8\"},{\"bbox\":[921.9,733.7,933.8,757.9],\"lines\":[{\"bbox\":[921.9,733.7,933.8,757.9],\"text\":\"$\"}],\"order\":29,\"text\":\"$\"},{\"bbox\":[919.8,733.7,986.2,805.2],\"lines\":[{\"bbox\":[952.7,735.1,986.2,760.3],\"text\":\"813\"},{\"bbox\":[951.6,757.6,985.2,782.7],\"text\":\"446\"},{\"bbox\":[919.8,778.7,984.2,805.2],\"text\":\"$ 1,259\"}],\"order\":30,\"text\":\"813\\n446\\n$ 1,259\"},{\"bbox\":[1026.3,738.5,1038.2,762.6],\"lines\":[{\"bbox\":[1026.3,738.5,1038.2,762.6],\"text\":\"$\"}],\"order\":31,\"text\":\"$\"},{\"bbox\":[1024.2,783.4,1036.1,807.6],\"lines\":[{\"bbox\":[1024.2,783.4,1036.1,807.6],\"text\":\"$\"}],\"order\":32,\"text\":\"$\"},{\"bbox\":[613.6,832.5,627.5,901.6],\"lines\":[{\"bbox\":[615.6,832.5,627.5,856.6],\"text\":\"1\"},{\"bbox\":[619.2,855.2,626.5,879.1],\"text\":\"-\"},{\"bbox\":[613.6,877.4,625.5,901.6],\"text\":\"1\"}],\"order\":33,\"text\":\"1\\n-\\n1\"},{\"bbox\":[670.1,834.9,682.0,859.1],\"lines\":[{\"bbox\":[670.1,834.9,682.0,859.1],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[859.5,843.6,873.4,912.8],\"lines\":[{\"bbox\":[866.1,843.9,873.4,867.8],\"text\":\"-\"},{\"bbox\":[860.5,866.1,872.4,890.3],\"text\":\"3\"},{\"bbox\":[859.5,888.6,871.4,912.8],\"text\":\"3\"}],\"order\":35,\"text\":\"-\\n3\\n3\"},{\"bbox\":[916.8,846.2,928.7,870.3],\"lines\":[{\"bbox\":[916.8,846.2,928.7,870.3],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[1021.1,850.9,1033.0,875.1],\"lines\":[{\"bbox\":[1021.1,850.9,1033.0,875.1],\"text\":\"$\"}],\"order\":37,\"text\":\"$\"},{\"bbox\":[418.8,755.9,430.7,780.1],\"lines\":[{\"bbox\":[418.8,755.9,430.7,780.1],\"text\":\"$\"}],\"order\":38,\"text\":\"$\"},{\"bbox\":[415.7,823.4,427.6,847.6],\"lines\":[{\"bbox\":[415.7,823.4,427.6,847.6],\"text\":\"$\"}],\"order\":39,\"text\":\"$\"},{\"bbox\":[413.7,868.4,425.6,892.5],\"lines\":[{\"bbox\":[413.7,868.4,425.6,892.5],\"text\":\"$\"}],\"order\":40,\"text\":\"$\"},{\"bbox\":[449.2,712.3,501.0,783.2],\"lines\":[{\"bbox\":[467.5,713.1,501.0,738.2],\"text\":\"737\"},{\"bbox\":[466.4,735.6,500.0,760.7],\"text\":\"435\"},{\"bbox\":[449.2,757.3,499.0,783.2],\"text\":\"1,172\"}],\"order\":41,\"text\":\"737\\n435\\n1,172\"},{\"bbox\":[544.1,716.6,556.0,740.7],\"lines\":[{\"bbox\":[544.1,716.6,556.0,740.7],\"text\":\"$\"}],\"order\":42,\"text\":\"$\"},{\"bbox\":[460.3,825.5,495.9,895.6],\"lines\":[{\"bbox\":[462.3,825.5,495.9,850.7],\"text\":\"186\"},{\"bbox\":[483.0,849.0,494.9,873.1],\"text\":\"2\"},{\"bbox\":[460.3,870.5,493.9,895.6],\"text\":\"188\"}],\"order\":43,\"text\":\"186\\n2\\n188\"},{\"bbox\":[539.0,829.0,550.9,853.2],\"lines\":[{\"bbox\":[539.0,829.0,550.9,853.2],\"text\":\"$\"}],\"order\":44,\"text\":\"$\"},{\"bbox\":[542.1,761.5,554.0,785.7],\"lines\":[{\"bbox\":[542.1,761.5,554.0,785.7],\"text\":\"$\"}],\"order\":45,\"text\":\"$\"},{\"bbox\":[537.0,874.0,548.9,898.1],\"lines\":[{\"bbox\":[537.0,874.0,548.9,898.1],\"text\":\"$\"}],\"order\":46,\"text\":\"$\"},{\"bbox\":[673.1,767.5,685.0,791.6],\"lines\":[{\"bbox\":[673.1,767.5,685.0,791.6],\"text\":\"$\"}],\"order\":47,\"text\":\"$\"},{\"bbox\":[668.0,879.9,679.9,904.1],\"lines\":[{\"bbox\":[668.0,879.9,679.9,904.1],\"text\":\"$\"}],\"order\":48,\"text\":\"$\"},{\"bbox\":[720.2,724.6,744.9,794.3],\"lines\":[{\"bbox\":[722.2,724.6,744.9,749.3],\"text\":\"76\"},{\"bbox\":[721.2,747.1,743.9,771.8],\"text\":\"11\"},{\"bbox\":[720.2,769.6,742.9,794.3],\"text\":\"87\"}],\"order\":49,\"text\":\"76\\n11\\n87\"},{\"bbox\":[783.8,727.4,795.7,751.6],\"lines\":[{\"bbox\":[783.8,727.4,795.7,751.6],\"text\":\"$\"}],\"order\":50,\"text\":\"$\"},{\"bbox\":[715.1,837.1,739.8,906.7],\"lines\":[{\"bbox\":[717.1,837.1,739.8,861.7],\"text\":\"17\"},{\"bbox\":[726.9,860.1,738.8,884.2],\"text\":\"4\"},{\"bbox\":[715.1,882.1,737.8,906.7],\"text\":\"21\"}],\"order\":51,\"text\":\"17\\n4\\n21\"},{\"bbox\":[778.7,839.9,790.6,864.0],\"lines\":[{\"bbox\":[778.7,839.9,790.6,864.0],\"text\":\"$\"}],\"order\":52,\"text\":\"$\"},{\"bbox\":[781.8,772.4,793.7,796.6],\"lines\":[{\"bbox\":[781.8,772.4,793.7,796.6],\"text\":\"$\"}],\"order\":53,\"text\":\"$\"},{\"bbox\":[776.7,884.9,788.6,909.0],\"lines\":[{\"bbox\":[776.7,884.9,788.6,909.0],\"text\":\"$\"}],\"order\":54,\"text\":\"$\"},{\"bbox\":[1012.2,624.4,1049.1,649.7],\"lines\":[{\"bbox\":[1012.2,624.4,1049.1,649.7],\"text\":\"Total\"}],\"order\":55,\"text\":\"Total\"},{\"bbox\":[914.7,891.1,926.6,915.3],\"lines\":[{\"bbox\":[914.7,891.1,926.6,915.3],\"text\":\"$\"}],\"order\":56,\"text\":\"$\"},{\"bbox\":[945.5,847.6,981.1,917.7],\"lines\":[{\"bbox\":[947.6,847.6,981.1,872.7],\"text\":\"203\"},{\"bbox\":[968.2,871.0,980.1,895.2],\"text\":\"6\"},{\"bbox\":[945.5,892.5,979.1,917.7],\"text\":\"209\"}],\"order\":57,\"text\":\"203\\n6\\n209\"},{\"bbox\":[1019.1,895.9,1031.0,920.0],\"lines\":[{\"bbox\":[1019.1,895.9,1031.0,920.0],\"text\":\"$\"}],\"order\":58,\"text\":\"$\"},{\"bbox\":[1098.3,741.8,1123.1,811.5],\"lines\":[{\"bbox\":[1100.3,741.8,1123.1,766.5],\"text\":\"10\"},{\"bbox\":[1110.1,764.8,1122.0,789.0],\"text\":\"9\"},{\"bbox\":[1098.3,786.8,1121.0,811.5],\"text\":\"19\"}],\"order\":59,\"text\":\"10\\n9\\n19\"},{\"bbox\":[1104.0,854.8,1118.0,923.9],\"lines\":[{\"bbox\":[1106.1,854.8,1118.0,878.9],\"text\":\"1\"},{\"bbox\":[1105.0,877.2,1116.9,901.4],\"text\":\"3\"},{\"bbox\":[1104.0,899.7,1115.9,923.9],\"text\":\"4\"}],\"order\":60,\"text\":\"1\\n3\\n4\"},{\"bbox\":[112.9,910.9,1119.0,1089.3],\"lines\":[{\"bbox\":[117.8,910.9,953.2,972.5],\"text\":\"We also hold an additional $2.5 billion investment in marketable securities as of December 31, 2004 in a\"},{\"bbox\":[116.8,932.8,1118.0,1001.9],\"text\":\"Voluntary Employees Beneficiary Association trust (“VEBA”), which assets are used to fund certain employee benefit obligations\"},{\"bbox\":[115.8,954.6,1108.2,1023.3],\"text\":\"in the near term. These investments are recorded at fair value and classified as other assets in our balance sheet. At December\"},{\"bbox\":[114.9,976.5,1083.1,1044.1],\"text\":\"31, 2004, the fair value and unrealized loss of these assets that have been in a continuous loss position for less than twelve\"},{\"bbox\":[113.9,998.3,1092.8,1066.4],\"text\":\"months was $2 billion and $7 million, respectively, and the fair value and unrealized loss of these assets in a continuous loss\"},{\"bbox\":[112.9,1020.2,749.5,1072.7],\"text\":\"position for twelve months or greater was $7 million and $4 million, respectively.\"}],\"order\":61,\"text\":\"We also hold an additional $2.5 billion investment in marketable securities as of December 31, 2004 in a\\nVoluntary Employees Beneficiary Association trust (“VEBA”), which assets are used to fund certain employee benefit obligations\\nin the near term. These investments are recorded at fair value and classified as other assets in our balance sheet. At December\\n31, 2004, the fair value and unrealized loss of these assets that have been in a continuous loss position for less than twelve\\nmonths was $2 billion and $7 million, respectively, and the fair value and unrealized loss of these assets in a continuous loss\\nposition for twelve months or greater was $7 million and $4 million, respectively.\"},{\"bbox\":[108.3,1054.6,1110.9,1189.2],\"lines\":[{\"bbox\":[111.3,1054.6,1108.3,1123.5],\"text\":\"Management has determined that the unrealized losses on our investments in debt and equity securities at December 31, 2004\"},{\"bbox\":[110.3,1076.4,1109.9,1145.4],\"text\":\"are temporary in nature. Factors considered in determining whether a loss is temporary include the length of time and extent to\"},{\"bbox\":[109.3,1098.3,1107.6,1167.2],\"text\":\"which fair value has been below cost, the financial condition and near-term prospects of the issuer and our ability and intent to\"},{\"bbox\":[108.3,1120.1,791.9,1174.8],\"text\":\"hold the investment for a period of time sufficient to allow for any anticipated recovery.\"}],\"order\":62,\"text\":\"Management has determined that the unrealized losses on our investments in debt and equity securities at December 31, 2004\\nare temporary in nature. Factors considered in determining whether a loss is temporary include the length of time and extent to\\nwhich fair value has been below cost, the financial condition and near-term prospects of the issuer and our ability and intent to\\nhold the investment for a period of time sufficient to allow for any anticipated recovery.\"},{\"bbox\":[105.5,1176.1,609.6,1228.8],\"lines\":[{\"bbox\":[105.5,1176.1,609.6,1228.8],\"text\":\"NOTE 6. INVENTORIES – AUTOMOTIVE SECTOR\"}],\"order\":63,\"text\":\"NOTE 6. INVENTORIES – AUTOMOTIVE SECTOR\"},{\"bbox\":[104.0,1214.4,548.6,1258.2],\"lines\":[{\"bbox\":[104.0,1214.4,548.6,1258.2],\"text\":\"Inventories at December 31 were as follows (in millions):\"}],\"order\":64,\"text\":\"Inventories at December 31 were as follows (in millions):\"},{\"bbox\":[97.5,1268.5,453.4,1398.0],\"lines\":[{\"bbox\":[101.6,1268.5,453.4,1308.1],\"text\":\"Raw materials, work-in-process and supplies\"},{\"bbox\":[100.6,1290.9,238.8,1320.8],\"text\":\"Finished products\"},{\"bbox\":[116.2,1314.2,306.0,1346.4],\"text\":\"Total inventories at FIFO\"},{\"bbox\":[98.5,1335.9,261.8,1367.0],\"text\":\"Less LIFO adjustment\"},{\"bbox\":[114.2,1359.2,240.6,1388.5],\"text\":\"Total inventories\"}],\"order\":65,\"text\":\"Raw materials, work-in-process and supplies\\nFinished products\\nTotal inventories at FIFO\\nLess LIFO adjustment\\nTotal inventories\"},{\"bbox\":[842.1,1302.1,854.0,1326.3],\"lines\":[{\"bbox\":[842.1,1302.1,854.0,1326.3],\"text\":\"$\"}],\"order\":66,\"text\":\"$\"},{\"bbox\":[838.0,1392.0,849.9,1416.2],\"lines\":[{\"bbox\":[838.0,1392.0,849.9,1416.2],\"text\":\"$\"}],\"order\":67,\"text\":\"$\"},{\"bbox\":[880.1,1281.4,969.0,1421.3],\"lines\":[{\"bbox\":[885.3,1281.4,929.6,1307.1],\"text\":\"2004\"},{\"bbox\":[914.0,1305.2,963.8,1331.2],\"text\":\"3,968\"},{\"bbox\":[913.0,1327.7,962.8,1353.7],\"text\":\"7,799\"},{\"bbox\":[901.2,1349.7,961.8,1376.1],\"text\":\"11,767\"},{\"bbox\":[905.0,1372.4,964.9,1398.8],\"text\":\"(1,001)\"},{\"bbox\":[899.1,1394.7,959.8,1421.1],\"text\":\"10,766\"}],\"order\":68,\"text\":\"2004\\n3,968\\n7,799\\n11,767\\n(1,001)\\n10,766\"},{\"bbox\":[997.5,1309.2,1009.4,1333.3],\"lines\":[{\"bbox\":[997.5,1309.2,1009.4,1333.3],\"text\":\"$\"}],\"order\":69,\"text\":\"$\"},{\"bbox\":[993.4,1399.1,1005.3,1423.3],\"lines\":[{\"bbox\":[993.4,1399.1,1005.3,1423.3],\"text\":\"$\"}],\"order\":70,\"text\":\"$\"},{\"bbox\":[93.5,1423.6,999.6,1510.2],\"lines\":[{\"bbox\":[94.5,1423.6,999.6,1488.4],\"text\":\"Inventories are stated at lower of cost or market. About one-fourth of inventories were determined under the last-in,\"},{\"bbox\":[93.5,1445.5,222.0,1474.9],\"text\":\"first-out method.\"}],\"order\":71,\"text\":\"Inventories are stated at lower of cost or market. About one-fourth of inventories were determined under the last-in,\\nfirst-out method.\"},{\"bbox\":[20.1,1545.0,50.5,1572.6],\"lines\":[{\"bbox\":[20.1,1545.0,50.5,1572.6],\"text\":\"68\"}],\"order\":72,\"text\":\"68\"},{\"bbox\":[1026.8,1288.2,1109.9,1427.8],\"lines\":[{\"bbox\":[1031.9,1288.2,1076.3,1313.8],\"text\":\"2003\"},{\"bbox\":[1054.9,1311.8,1104.7,1337.6],\"text\":\"3,813\"},{\"bbox\":[1053.9,1334.3,1103.7,1360.1],\"text\":\"6,334\"},{\"bbox\":[1042.1,1356.3,1102.7,1382.6],\"text\":\"10,147\"},{\"bbox\":[1061.3,1379.7,1105.8,1405.3],\"text\":\"(996)\"},{\"bbox\":[1050.9,1401.7,1100.6,1427.6],\"text\":\"9,151\"}],\"order\":73,\"text\":\"2003\\n3,813\\n6,334\\n10,147\\n(996)\\n9,151\"}],\"doc\":\"fintabnet:F_2004\",\"dpi\":150,\"image_px\":[1275,1632],\"layout\":[],\"markdown\":\"NOTES TO THE FINANCIAL STATEMENTS\\n\\nNOTE 5. Marketable, Loaned and Other Securities (Continued)\\n\\nThe amortized cost and fair value of investments in available-for-sale and held-to-maturity securities by contractual maturity for\\nAutomotive and Financial Service sectors at December 31, 2004 were as follows (in millions):\\n\\nContractual Maturity\\n1 year\\n2-5 years\\n6-10 years\\n11 years and later\\nMortgage-backed\\nsecurities\\nEquity securities\\nTotal\\n\\nAutomotive\\nAvailable-for-Sale\\nAmortized\\nFair\\nCost\\nValue\\n$\\n52\\n$\\n52\\n1,218\\n1,209\\n211\\n205\\n246\\n246\\n\\n-\\n-\\n1,727\\n\\n$\\n\\n$\\n\\n-\\n-\\n1,712\\n\\nFinancial Services\\nAvailable-for-Sale\\nHeld-to-Maturity\\nAmortized\\nFair\\nAmortized\\nFair\\nCost\\nValue\\nCost\\nValue\\n$\\n8\\n$\\n8 $\\n1\\n$\\n1\\n212\\n212\\n4\\n4\\n80\\n85\\n-\\n-\\n69\\n73\\n2\\n2\\n\\n$\\n\\n184\\n49\\n602\\n\\n$\\n\\n187\\n84\\n649\\n\\n-\\n-\\n7\\n\\n$\\n\\n-\\n-\\n7\\n\\n$\\n\\nThe fair value of the Company’s investments in an unrealized loss position at December 31, 2004, aggregated by investment\\ncategory and length of time that the investments have been in a continuous loss position, are as follows (in millions):\\n\\nDescription of Securities\\nAutomotive sector\\nU.S. government and agency\\nOther debt securities\\nTotal\\n\\nFinancial Services sector\\nOther debt securities\\nEquity securities\\nTotal\\n\\nLess Than 12 Months\\nGross\\nUnrealized\\nFair Value\\nLosses\\n\\n12 Months or Greater\\nGross\\nUnrealized\\nFair Value\\nLosses\\n\\nFair Value\\n\\nGross\\nUnrealized\\nLosses\\n\\n$\\n\\n7\\n4\\n11\\n\\n$\\n\\n3\\n5\\n8\\n\\n$\\n\\n813\\n446\\n$ 1,259\\n\\n$\\n\\n$\\n\\n1\\n-\\n1\\n\\n$\\n\\n-\\n3\\n3\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n737\\n435\\n1,172\\n\\n$\\n\\n186\\n2\\n188\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n76\\n11\\n87\\n\\n$\\n\\n17\\n4\\n21\\n\\n$\\n\\n$\\n\\n$\\n\\nTotal\\n\\n$\\n\\n203\\n6\\n209\\n\\n$\\n\\n10\\n9\\n19\\n\\n1\\n3\\n4\\n\\nWe also hold an additional $2.5 billion investment in marketable securities as of December 31, 2004 in a\\nVoluntary Employees Beneficiary Association trust (“VEBA”), which assets are used to fund certain employee benefit obligations\\nin the near term. These investments are recorded at fair value and classified as other assets in our balance sheet. At December\\n31, 2004, the fair value and unrealized loss of these assets that have been in a continuous loss position for less than twelve\\nmonths was $2 billion and $7 million, respectively, and the fair value and unrealized loss of these assets in a continuous loss\\nposition for twelve months or greater was $7 million and $4 million, respectively.\\n\\nManagement has determined that the unrealized losses on our investments in debt and equity securities at December 31, 2004\\nare temporary in nature. Factors considered in determining whether a loss is temporary include the length of time and extent to\\nwhich fair value has been below cost, the financial condition and near-term prospects of the issuer and our ability and intent to\\nhold the investment for a period of time sufficient to allow for any anticipated recovery.\\n\\nNOTE 6. INVENTORIES – AUTOMOTIVE SECTOR\\n\\nInventories at December 31 were as follows (in millions):\\n\\nRaw materials, work-in-process and supplies\\nFinished products\\nTotal inventories at FIFO\\nLess LIFO adjustment\\nTotal inventories\\n\\n$\\n\\n$\\n\\n2004\\n3,968\\n7,799\\n11,767\\n(1,001)\\n10,766\\n\\n$\\n\\n$\\n\\nInventories are stated at lower of cost or market. About one-fourth of inventories were determined under the last-in,\\nfirst-out method.\\n\\n68\\n\\n2003\\n3,813\\n6,334\\n10,147\\n(996)\\n9,151\",\"name\":\"fintabnet.F_2004_page_70__150dpi_heavy\",\"page_id\":\"fintabnet.F_2004_page_70\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.601,\"source\":\"fintabnet\",\"source_id\":\"F_2004_page_70\",\"stack\":[{\"deg\":-2.601,\"op\":\"skew\"},{\"amp\":0.283,\"angle\":1.5,\"blob\":0.657,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.518},{\"op\":\"noise\",\"sigma\":14.317},{\"gain\":0.494,\"op\":\"contrast\"},{\"offset\":0.017,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[97.5,1245.8,1109.9,1427.8],\"block_orders\":[65,66,67,68,69,70,73],\"cells\":null}],\"text\":\"NOTES TO THE FINANCIAL STATEMENTS\\n\\nNOTE 5. Marketable, Loaned and Other Securities (Continued)\\n\\nThe amortized cost and fair value of investments in available-for-sale and held-to-maturity securities by contractual maturity for\\nAutomotive and Financial Service sectors at December 31, 2004 were as follows (in millions):\\n\\nContractual Maturity\\n1 year\\n2-5 years\\n6-10 years\\n11 years and later\\nMortgage-backed\\nsecurities\\nEquity securities\\nTotal\\n\\nAutomotive\\nAvailable-for-Sale\\nAmortized\\nFair\\nCost\\nValue\\n$\\n52\\n$\\n52\\n1,218\\n1,209\\n211\\n205\\n246\\n246\\n\\n-\\n-\\n1,727\\n\\n$\\n\\n$\\n\\n-\\n-\\n1,712\\n\\nFinancial Services\\nAvailable-for-Sale\\nHeld-to-Maturity\\nAmortized\\nFair\\nAmortized\\nFair\\nCost\\nValue\\nCost\\nValue\\n$\\n8\\n$\\n8 $\\n1\\n$\\n1\\n212\\n212\\n4\\n4\\n80\\n85\\n-\\n-\\n69\\n73\\n2\\n2\\n\\n$\\n\\n184\\n49\\n602\\n\\n$\\n\\n187\\n84\\n649\\n\\n-\\n-\\n7\\n\\n$\\n\\n-\\n-\\n7\\n\\n$\\n\\nThe fair value of the Company’s investments in an unrealized loss position at December 31, 2004, aggregated by investment\\ncategory and length of time that the investments have been in a continuous loss position, are as follows (in millions):\\n\\nDescription of Securities\\nAutomotive sector\\nU.S. government and agency\\nOther debt securities\\nTotal\\n\\nFinancial Services sector\\nOther debt securities\\nEquity securities\\nTotal\\n\\nLess Than 12 Months\\nGross\\nUnrealized\\nFair Value\\nLosses\\n\\n12 Months or Greater\\nGross\\nUnrealized\\nFair Value\\nLosses\\n\\nFair Value\\n\\nGross\\nUnrealized\\nLosses\\n\\n$\\n\\n7\\n4\\n11\\n\\n$\\n\\n3\\n5\\n8\\n\\n$\\n\\n813\\n446\\n$ 1,259\\n\\n$\\n\\n$\\n\\n1\\n-\\n1\\n\\n$\\n\\n-\\n3\\n3\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n737\\n435\\n1,172\\n\\n$\\n\\n186\\n2\\n188\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n76\\n11\\n87\\n\\n$\\n\\n17\\n4\\n21\\n\\n$\\n\\n$\\n\\n$\\n\\nTotal\\n\\n$\\n\\n203\\n6\\n209\\n\\n$\\n\\n10\\n9\\n19\\n\\n1\\n3\\n4\\n\\nWe also hold an additional $2.5 billion investment in marketable securities as of December 31, 2004 in a\\nVoluntary Employees Beneficiary Association trust (“VEBA”), which assets are used to fund certain employee benefit obligations\\nin the near term. These investments are recorded at fair value and classified as other assets in our balance sheet. At December\\n31, 2004, the fair value and unrealized loss of these assets that have been in a continuous loss position for less than twelve\\nmonths was $2 billion and $7 million, respectively, and the fair value and unrealized loss of these assets in a continuous loss\\nposition for twelve months or greater was $7 million and $4 million, respectively.\\n\\nManagement has determined that the unrealized losses on our investments in debt and equity securities at December 31, 2004\\nare temporary in nature. Factors considered in determining whether a loss is temporary include the length of time and extent to\\nwhich fair value has been below cost, the financial condition and near-term prospects of the issuer and our ability and intent to\\nhold the investment for a period of time sufficient to allow for any anticipated recovery.\\n\\nNOTE 6. INVENTORIES – AUTOMOTIVE SECTOR\\n\\nInventories at December 31 were as follows (in millions):\\n\\nRaw materials, work-in-process and supplies\\nFinished products\\nTotal inventories at FIFO\\nLess LIFO adjustment\\nTotal inventories\\n\\n$\\n\\n$\\n\\n2004\\n3,968\\n7,799\\n11,767\\n(1,001)\\n10,766\\n\\n$\\n\\n$\\n\\nInventories are stated at lower of cost or market. About one-fourth of inventories were determined under the last-in,\\nfirst-out method.\\n\\n68\\n\\n2003\\n3,813\\n6,334\\n10,147\\n(996)\\n9,151\"},\"name\":\"fintabnet.F_2004_page_70__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":281318,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:F_2004\",\"dpi\":150,\"gt_sha256\":\"59f82697783e6e92c46781c2f06b598445739f011da640456551dfa7df659fd0\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.F_2004_page_70__150dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.F_2004_page_70\",\"pdf_sha256\":\"49039626c75b2e40e16941a478c88085129372bd3b9504c9b75d82121f3089b7\",\"px\":[1275,1632],\"scan\":{\"render\":\"0000330607fe210e20023ffe2126300e260e7ffe3ffe1ffe7efe20fe01fe0004\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"F_2004_page_70\",\"src\":{\"file_sha256\":\"2f3d694cde5b833cc4238b70b59c7767e35c714793824cd873bf17052d1a9fff\",\"render\":\"00003f003ffc37fc37647ffc3ffc37fc37fc7ffc7ffc7fc07e3c703e30000000\",\"text\":\"4a053182611707c369e8896a493d54333c2953fdcb875007e7107f566a19e529\"},\"stack\":[{\"deg\":-2.601,\"op\":\"skew\"},{\"amp\":0.283,\"angle\":1.5,\"blob\":0.657,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.518},{\"op\":\"noise\",\"sigma\":14.317},{\"gain\":0.494,\"op\":\"contrast\"},{\"offset\":0.017,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"49039626c75b2e40e16941a478c88085129372bd3b9504c9b75d82121f3089b7\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/49039626c75b2e40e16941a478c88085129372bd3b9504c9b75d82121f3089b7.pdf","asset_sha256":"49039626c75b2e40e16941a478c88085129372bd3b9504c9b75d82121f3089b7","document_id":"fintabnet:F_2004","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"F_2004_page_70\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GD_2004_page_27\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:GD_2004\",\"ground_truth\":{\"blocks\":[{\"bbox\":[208.7,322.2,549.3,361.3],\"lines\":[{\"bbox\":[208.7,322.2,549.3,361.3],\"text\":\"U.S. COMMERCIAL\"}],\"order\":0,\"text\":\"U.S. COMMERCIAL\"},{\"bbox\":[1295.8,291.4,2300.2,343.2],\"lines\":[{\"bbox\":[1295.8,291.4,2300.2,343.2],\"text\":\"customers. While high prices for some raw materials important to some\"}],\"order\":1,\"text\":\"customers. While high prices for some raw materials important to some\"},{\"bbox\":[209.7,372.3,1214.2,424.1],\"lines\":[{\"bbox\":[209.7,372.3,1214.2,424.1],\"text\":\"The company’s commercial sales were $3,052 in 2004, $2,929 in 2003\"}],\"order\":2,\"text\":\"The company’s commercial sales were $3,052 in 2004, $2,929 in 2003\"},{\"bbox\":[1296.9,353.9,2301.3,405.7],\"lines\":[{\"bbox\":[1296.9,353.9,2301.3,405.7],\"text\":\"of General Dynamics’ businesses, particularly steel, have caused pricing\"}],\"order\":3,\"text\":\"of General Dynamics’ businesses, particularly steel, have caused pricing\"},{\"bbox\":[210.8,434.8,1215.0,486.6],\"lines\":[{\"bbox\":[210.8,434.8,1215.0,486.6],\"text\":\"and $3,157 in 2002. These sales represented approximately 16 percent\"}],\"order\":4,\"text\":\"and $3,157 in 2002. These sales represented approximately 16 percent\"},{\"bbox\":[1297.9,416.4,2302.4,468.2],\"lines\":[{\"bbox\":[1297.9,416.4,2302.4,468.2],\"text\":\"pressures, the company has not experienced, and does not foresee, any\"}],\"order\":5,\"text\":\"pressures, the company has not experienced, and does not foresee, any\"},{\"bbox\":[211.8,497.2,1216.2,549.1],\"lines\":[{\"bbox\":[211.8,497.2,1216.2,549.1],\"text\":\"of the company’s consolidated net sales in 2004, 18 percent in 2003 and\"}],\"order\":6,\"text\":\"of the company’s consolidated net sales in 2004, 18 percent in 2003 and\"},{\"bbox\":[1299.0,478.9,2303.4,530.7],\"lines\":[{\"bbox\":[1299.0,478.9,2303.4,530.7],\"text\":\"difficulty in obtaining the materials, components or supplies necessary\"}],\"order\":7,\"text\":\"difficulty in obtaining the materials, components or supplies necessary\"},{\"bbox\":[212.9,559.7,1217.3,611.5],\"lines\":[{\"bbox\":[212.9,559.7,1217.3,611.5],\"text\":\"23 percent in 2002. The majority of these sales were for Gulfstream air-\"}],\"order\":8,\"text\":\"23 percent in 2002. The majority of these sales were for Gulfstream air-\"},{\"bbox\":[1300.0,552.0,1676.1,593.2],\"lines\":[{\"bbox\":[1300.0,552.0,1676.1,593.2],\"text\":\"for its business operations.\"}],\"order\":9,\"text\":\"for its business operations.\"},{\"bbox\":[213.9,622.2,1218.3,674.0],\"lines\":[{\"bbox\":[213.9,622.2,1218.3,674.0],\"text\":\"craft, primarily to Fortune 500 ® corporations and large, privately held\"}],\"order\":10,\"text\":\"craft, primarily to Fortune 500 ® corporations and large, privately held\"},{\"bbox\":[215.0,684.7,1219.4,736.5],\"lines\":[{\"bbox\":[215.0,684.7,1219.4,736.5],\"text\":\"companies. The aircraft are operated by customers in a wide range of\"}],\"order\":11,\"text\":\"companies. The aircraft are operated by customers in a wide range of\"},{\"bbox\":[1302.2,672.6,2060.9,718.2],\"lines\":[{\"bbox\":[1302.2,672.6,2060.9,718.2],\"text\":\"RESEARCH AND DEVELOPMENT\"}],\"order\":12,\"text\":\"RESEARCH AND DEVELOPMENT\"},{\"bbox\":[216.0,761.7,361.9,799.0],\"lines\":[{\"bbox\":[216.0,761.7,361.9,799.0],\"text\":\"industries.\"}],\"order\":13,\"text\":\"industries.\"},{\"bbox\":[1304.2,791.3,2308.6,843.1],\"lines\":[{\"bbox\":[1304.2,791.3,2308.6,843.1],\"text\":\"As part of its normal business operations, the company conducts inde-\"}],\"order\":14,\"text\":\"As part of its normal business operations, the company conducts inde-\"},{\"bbox\":[218.2,885.3,515.8,923.7],\"lines\":[{\"bbox\":[218.2,885.3,515.8,923.7],\"text\":\"I N T E R N AT I O N A L\"}],\"order\":15,\"text\":\"I N T E R N AT I O N A L\"},{\"bbox\":[1305.3,853.8,2309.6,905.6],\"lines\":[{\"bbox\":[1305.3,853.8,2309.6,905.6],\"text\":\"pendent research and development (R&D) activities. The company also\"}],\"order\":16,\"text\":\"pendent research and development (R&D) activities. The company also\"},{\"bbox\":[219.2,934.7,1223.6,986.5],\"lines\":[{\"bbox\":[219.2,934.7,1223.6,986.5],\"text\":\"The company’s direct (non-Foreign Military Sales) sales to defense and\"}],\"order\":17,\"text\":\"The company’s direct (non-Foreign Military Sales) sales to defense and\"},{\"bbox\":[1306.4,916.3,2310.8,968.1],\"lines\":[{\"bbox\":[1306.4,916.3,2310.8,968.1],\"text\":\"conducts R&D activities under U.S. government contracts to develop\"}],\"order\":18,\"text\":\"conducts R&D activities under U.S. government contracts to develop\"},{\"bbox\":[220.3,997.2,1224.8,1049.0],\"lines\":[{\"bbox\":[220.3,997.2,1224.8,1049.0],\"text\":\"commercial customers outside the United States were $3,243 in 2004,\"}],\"order\":19,\"text\":\"commercial customers outside the United States were $3,243 in 2004,\"},{\"bbox\":[1307.4,980.0,2241.7,1030.6],\"lines\":[{\"bbox\":[1307.4,980.0,2241.7,1030.6],\"text\":\"products for large systems-development and technology programs.\"}],\"order\":20,\"text\":\"products for large systems-development and technology programs.\"},{\"bbox\":[221.3,1059.7,1225.8,1111.5],\"lines\":[{\"bbox\":[221.3,1059.7,1225.8,1111.5],\"text\":\"$2,519 in 2003 and $1,738 in 2002. These sales represented approxi-\"}],\"order\":21,\"text\":\"$2,519 in 2003 and $1,738 in 2002. These sales represented approxi-\"},{\"bbox\":[1358.6,1041.3,2313.0,1092.3],\"lines\":[{\"bbox\":[1358.6,1041.3,2313.0,1092.3],\"text\":\"The majority of company-sponsored R&D expenditures in each of the\"}],\"order\":22,\"text\":\"The majority of company-sponsored R&D expenditures in each of the\"},{\"bbox\":[222.4,1122.1,1226.6,1174.0],\"lines\":[{\"bbox\":[222.4,1122.1,1226.6,1174.0],\"text\":\"mately 17 percent of the company’s consolidated net sales in 2004, 15\"}],\"order\":23,\"text\":\"mately 17 percent of the company’s consolidated net sales in 2004, 15\"},{\"bbox\":[1309.5,1103.8,2314.1,1155.6],\"lines\":[{\"bbox\":[1309.5,1103.8,2314.1,1155.6],\"text\":\"past three years was in the company’s defense business. In accordance\"}],\"order\":24,\"text\":\"past three years was in the company’s defense business. In accordance\"},{\"bbox\":[223.4,1184.6,1227.7,1236.4],\"lines\":[{\"bbox\":[223.4,1184.6,1227.7,1236.4],\"text\":\"percent in 2003 and 13 percent in 2002. International defense sales\"}],\"order\":25,\"text\":\"percent in 2003 and 13 percent in 2002. International defense sales\"},{\"bbox\":[1310.6,1166.3,2315.0,1218.1],\"lines\":[{\"bbox\":[1310.6,1166.3,2315.0,1218.1],\"text\":\"with government regulations, the company recovers a significant portion\"}],\"order\":26,\"text\":\"with government regulations, the company recovers a significant portion\"},{\"bbox\":[224.5,1247.1,1228.9,1298.9],\"lines\":[{\"bbox\":[224.5,1247.1,1228.9,1298.9],\"text\":\"were primarily from the company's subsidiaries located abroad; interna-\"}],\"order\":27,\"text\":\"were primarily from the company's subsidiaries located abroad; interna-\"},{\"bbox\":[1311.6,1228.8,2316.1,1280.6],\"lines\":[{\"bbox\":[1311.6,1228.8,2316.1,1280.6],\"text\":\"of these expenditures through overhead charges to U.S. government con-\"}],\"order\":28,\"text\":\"of these expenditures through overhead charges to U.S. government con-\"},{\"bbox\":[225.5,1309.6,1229.6,1361.4],\"lines\":[{\"bbox\":[225.5,1309.6,1229.6,1361.4],\"text\":\"tional commercial sales were primarily exports of business-jet aircraft.\"}],\"order\":29,\"text\":\"tional commercial sales were primarily exports of business-jet aircraft.\"},{\"bbox\":[1312.7,1291.2,2317.1,1343.1],\"lines\":[{\"bbox\":[1312.7,1291.2,2317.1,1343.1],\"text\":\"tracts. The R&D activities of the Aerospace group consist primarily of\"}],\"order\":30,\"text\":\"tracts. The R&D activities of the Aerospace group consist primarily of\"},{\"bbox\":[276.7,1372.1,1231.0,1423.1],\"lines\":[{\"bbox\":[276.7,1372.1,1231.0,1423.1],\"text\":\"The company has operations throughout the world, including Australia,\"}],\"order\":31,\"text\":\"The company has operations throughout the world, including Australia,\"},{\"bbox\":[1313.7,1353.7,2318.2,1405.5],\"lines\":[{\"bbox\":[1313.7,1353.7,2318.2,1405.5],\"text\":\"internally funded product enhancement and development programs for\"}],\"order\":32,\"text\":\"internally funded product enhancement and development programs for\"},{\"bbox\":[227.7,1434.6,1232.2,1486.4],\"lines\":[{\"bbox\":[227.7,1434.6,1232.2,1486.4],\"text\":\"Austria, Canada, Germany, Mexico, Spain, Switzerland and the United\"}],\"order\":33,\"text\":\"Austria, Canada, Germany, Mexico, Spain, Switzerland and the United\"},{\"bbox\":[1314.8,1428.7,1583.1,1468.0],\"lines\":[{\"bbox\":[1314.8,1428.7,1583.1,1468.0],\"text\":\"Gulfstream aircraft.\"}],\"order\":34,\"text\":\"Gulfstream aircraft.\"},{\"bbox\":[1365.9,1486.6,1850.8,1529.7],\"lines\":[{\"bbox\":[1365.9,1486.6,1850.8,1529.7],\"text\":\"R&D expenditures were as follows:\"}],\"order\":35,\"text\":\"R&D expenditures were as follows:\"},{\"bbox\":[228.7,1497.1,1233.0,1548.9],\"lines\":[{\"bbox\":[228.7,1497.1,1233.0,1548.9],\"text\":\"Kingdom. Sales from international operations were $2,701 in 2004,\"}],\"order\":36,\"text\":\"Kingdom. Sales from international operations were $2,701 in 2004,\"},{\"bbox\":[229.8,1559.6,1234.2,1611.4],\"lines\":[{\"bbox\":[229.8,1559.6,1234.2,1611.4],\"text\":\"$2,175 in 2003 and $970 in 2002. The long-lived assets of operations\"}],\"order\":37,\"text\":\"$2,175 in 2003 and $970 in 2002. The long-lived assets of operations\"},{\"bbox\":[230.8,1622.1,1235.2,1673.9],\"lines\":[{\"bbox\":[230.8,1622.1,1235.2,1673.9],\"text\":\"located outside the United States were 5 percent of the company’s total\"}],\"order\":38,\"text\":\"located outside the United States were 5 percent of the company’s total\"},{\"bbox\":[1329.3,1619.1,1620.1,1646.3],\"lines\":[{\"bbox\":[1329.3,1619.1,1620.1,1646.3],\"text\":\"Ye a r E n d e d D e c e m b e r 3 1\"}],\"order\":39,\"text\":\"Ye a r E n d e d D e c e m b e r 3 1\"},{\"bbox\":[231.9,1684.5,1236.3,1736.4],\"lines\":[{\"bbox\":[231.9,1684.5,1236.3,1736.4],\"text\":\"long-lived assets as of December 31, 2004, 4 percent as of December 31,\"}],\"order\":40,\"text\":\"long-lived assets as of December 31, 2004, 4 percent as of December 31,\"},{\"bbox\":[1330.4,1682.6,1598.9,1719.0],\"lines\":[{\"bbox\":[1330.4,1682.6,1598.9,1719.0],\"text\":\"Company–sponsored\"}],\"order\":41,\"text\":\"Company–sponsored\"},{\"bbox\":[232.9,1752.9,888.1,1798.9],\"lines\":[{\"bbox\":[232.9,1752.9,888.1,1798.9],\"text\":\"2003, and 2 percent as of December 31, 2002.\"}],\"order\":42,\"text\":\"2003, and 2 percent as of December 31, 2002.\"},{\"bbox\":[1331.3,1736.7,1603.2,1773.2],\"lines\":[{\"bbox\":[1331.3,1736.7,1603.2,1773.2],\"text\":\"Customer–sponsored\"}],\"order\":43,\"text\":\"Customer–sponsored\"},{\"bbox\":[284.1,1809.5,1238.2,1860.5],\"lines\":[{\"bbox\":[284.1,1809.5,1238.2,1860.5],\"text\":\"For information regarding sales by geographic region, see Note R to\"}],\"order\":44,\"text\":\"For information regarding sales by geographic region, see Note R to\"},{\"bbox\":[1858.5,1611.1,1919.6,1638.1],\"lines\":[{\"bbox\":[1858.5,1611.1,1919.6,1638.1],\"text\":\"2004\"}],\"order\":45,\"text\":\"2004\"},{\"bbox\":[1804.2,1678.8,1821.9,1711.0],\"lines\":[{\"bbox\":[1804.2,1678.8,1821.9,1711.0],\"text\":\"$\"}],\"order\":46,\"text\":\"$\"},{\"bbox\":[1868.6,1677.2,1920.8,1709.9],\"lines\":[{\"bbox\":[1868.6,1677.2,1920.8,1709.9],\"text\":\"329\"}],\"order\":47,\"text\":\"329\"},{\"bbox\":[1806.0,1787.2,1823.8,1819.3],\"lines\":[{\"bbox\":[1806.0,1787.2,1823.8,1819.3],\"text\":\"$\"}],\"order\":48,\"text\":\"$\"},{\"bbox\":[1870.5,1785.5,1922.7,1818.3],\"lines\":[{\"bbox\":[1870.5,1785.5,1922.7,1818.3],\"text\":\"523\"}],\"order\":49,\"text\":\"523\"},{\"bbox\":[2039.8,1608.1,2096.2,1635.0],\"lines\":[{\"bbox\":[2039.8,1608.1,2096.2,1635.0],\"text\":\"2003\"}],\"order\":50,\"text\":\"2003\"},{\"bbox\":[1980.8,1675.9,1998.5,1708.0],\"lines\":[{\"bbox\":[1980.8,1675.9,1998.5,1708.0],\"text\":\"$\"}],\"order\":51,\"text\":\"$\"},{\"bbox\":[2045.3,1674.2,2097.4,1707.0],\"lines\":[{\"bbox\":[2045.3,1674.2,2097.4,1707.0],\"text\":\"279\"}],\"order\":52,\"text\":\"279\"},{\"bbox\":[1982.7,1784.2,2000.4,1816.4],\"lines\":[{\"bbox\":[1982.7,1784.2,2000.4,1816.4],\"text\":\"$\"}],\"order\":53,\"text\":\"$\"},{\"bbox\":[2047.2,1782.5,2099.3,1815.3],\"lines\":[{\"bbox\":[2047.2,1782.5,2099.3,1815.3],\"text\":\"508\"}],\"order\":54,\"text\":\"508\"},{\"bbox\":[1869.6,1731.3,1921.8,1764.1],\"lines\":[{\"bbox\":[1869.6,1731.3,1921.8,1764.1],\"text\":\"194\"}],\"order\":55,\"text\":\"194\"},{\"bbox\":[2239.8,1604.7,2296.2,1631.6],\"lines\":[{\"bbox\":[2239.8,1604.7,2296.2,1631.6],\"text\":\"2002\"}],\"order\":56,\"text\":\"2002\"},{\"bbox\":[2180.8,1672.5,2198.5,1704.7],\"lines\":[{\"bbox\":[2180.8,1672.5,2198.5,1704.7],\"text\":\"$\"}],\"order\":57,\"text\":\"$\"},{\"bbox\":[2245.3,1670.8,2297.4,1703.6],\"lines\":[{\"bbox\":[2245.3,1670.8,2297.4,1703.6],\"text\":\"251\"}],\"order\":58,\"text\":\"251\"},{\"bbox\":[2182.7,1780.8,2200.4,1813.0],\"lines\":[{\"bbox\":[2182.7,1780.8,2200.4,1813.0],\"text\":\"$\"}],\"order\":59,\"text\":\"$\"},{\"bbox\":[2247.1,1779.1,2299.3,1811.9],\"lines\":[{\"bbox\":[2247.1,1779.1,2299.3,1811.9],\"text\":\"385\"}],\"order\":60,\"text\":\"385\"},{\"bbox\":[2046.3,1728.3,2098.4,1761.1],\"lines\":[{\"bbox\":[2046.3,1728.3,2098.4,1761.1],\"text\":\"229\"}],\"order\":61,\"text\":\"229\"},{\"bbox\":[2246.2,1725.0,2298.4,1757.7],\"lines\":[{\"bbox\":[2246.2,1725.0,2298.4,1757.7],\"text\":\"134\"}],\"order\":62,\"text\":\"134\"},{\"bbox\":[235.1,1872.0,1239.5,1923.8],\"lines\":[{\"bbox\":[235.1,1872.0,1239.5,1923.8],\"text\":\"the Consolidated Financial Statements contained in Part II, Item 8, of this\"}],\"order\":63,\"text\":\"the Consolidated Financial Statements contained in Part II, Item 8, of this\"},{\"bbox\":[236.1,1944.5,648.3,1986.3],\"lines\":[{\"bbox\":[236.1,1944.5,648.3,1986.3],\"text\":\"Annual Report on Form 10-K.\"}],\"order\":64,\"text\":\"Annual Report on Form 10-K.\"},{\"bbox\":[1324.3,1993.7,1560.6,2030.5],\"lines\":[{\"bbox\":[1324.3,1993.7,1560.6,2030.5],\"text\":\"BACKLOG\"}],\"order\":65,\"text\":\"BACKLOG\"},{\"bbox\":[238.3,2074.0,509.9,2111.4],\"lines\":[{\"bbox\":[238.3,2074.0,509.9,2111.4],\"text\":\"SUPPLIERS\"}],\"order\":66,\"text\":\"SUPPLIERS\"},{\"bbox\":[1326.4,2103.6,2330.9,2155.5],\"lines\":[{\"bbox\":[1326.4,2103.6,2330.9,2155.5],\"text\":\"The company’s total backlog represents the estimated remaining sales value\"}],\"order\":67,\"text\":\"The company’s total backlog represents the estimated remaining sales value\"},{\"bbox\":[240.3,2184.5,1244.7,2236.3],\"lines\":[{\"bbox\":[240.3,2184.5,1244.7,2236.3],\"text\":\"The company, in some cases, depends on suppliers and subcontractors\"}],\"order\":68,\"text\":\"The company, in some cases, depends on suppliers and subcontractors\"},{\"bbox\":[1327.5,2166.1,2332.0,2217.9],\"lines\":[{\"bbox\":[1327.5,2166.1,2332.0,2217.9],\"text\":\"of work to be performed under firm contracts and includes funded and\"}],\"order\":69,\"text\":\"of work to be performed under firm contracts and includes funded and\"},{\"bbox\":[241.4,2247.0,1245.9,2298.8],\"lines\":[{\"bbox\":[241.4,2247.0,1245.9,2298.8],\"text\":\"for raw materials and components used in the production of its products.\"}],\"order\":70,\"text\":\"for raw materials and components used in the production of its products.\"},{\"bbox\":[1328.5,2228.6,2333.1,2280.4],\"lines\":[{\"bbox\":[1328.5,2228.6,2333.1,2280.4],\"text\":\"unfunded portions. For additional discussion of backlog, see Management’s\"}],\"order\":71,\"text\":\"unfunded portions. For additional discussion of backlog, see Management’s\"},{\"bbox\":[242.4,2309.5,1246.9,2361.3],\"lines\":[{\"bbox\":[242.4,2309.5,1246.9,2361.3],\"text\":\"In some instances, the company relies on only one or two sources of supply.\"}],\"order\":72,\"text\":\"In some instances, the company relies on only one or two sources of supply.\"},{\"bbox\":[1329.6,2291.1,2334.0,2342.9],\"lines\":[{\"bbox\":[1329.6,2291.1,2334.0,2342.9],\"text\":\"Discussion and Analysis of Financial Condition and Results of Operations\"}],\"order\":73,\"text\":\"Discussion and Analysis of Financial Condition and Results of Operations\"},{\"bbox\":[243.5,2372.0,1247.8,2423.8],\"lines\":[{\"bbox\":[243.5,2372.0,1247.8,2423.8],\"text\":\"A disruption in deliveries from suppliers, therefore, could have an\"}],\"order\":74,\"text\":\"A disruption in deliveries from suppliers, therefore, could have an\"},{\"bbox\":[1330.6,2356.1,2188.0,2405.4],\"lines\":[{\"bbox\":[1330.6,2356.1,2188.0,2405.4],\"text\":\"contained in Part II, Item 7, of this Annual Report on Form 10-K.\"}],\"order\":75,\"text\":\"contained in Part II, Item 7, of this Annual Report on Form 10-K.\"},{\"bbox\":[1381.7,2417.4,2261.0,2467.1],\"lines\":[{\"bbox\":[1381.7,2417.4,2261.0,2467.1],\"text\":\"Summary backlog information for each business group follows:\"}],\"order\":76,\"text\":\"Summary backlog information for each business group follows:\"},{\"bbox\":[244.6,2434.5,1248.9,2486.3],\"lines\":[{\"bbox\":[244.6,2434.5,1248.9,2486.3],\"text\":\"adverse effect on the company’s ability to meet its commitments to\"}],\"order\":77,\"text\":\"adverse effect on the company’s ability to meet its commitments to\"},{\"bbox\":[1061.7,2666.3,1122.8,2693.3],\"lines\":[{\"bbox\":[1061.7,2666.3,1122.8,2693.3],\"text\":\"2004\"}],\"order\":78,\"text\":\"2004\"},{\"bbox\":[248.7,2681.5,400.4,2706.3],\"lines\":[{\"bbox\":[248.7,2681.5,400.4,2706.3],\"text\":\"December 31\"}],\"order\":79,\"text\":\"December 31\"},{\"bbox\":[250.4,2776.8,715.8,2816.5],\"lines\":[{\"bbox\":[250.4,2776.8,715.8,2816.5],\"text\":\"Information Systems and Technology\"}],\"order\":80,\"text\":\"Information Systems and Technology\"},{\"bbox\":[251.3,2835.2,466.4,2870.7],\"lines\":[{\"bbox\":[251.3,2835.2,466.4,2870.7],\"text\":\"Combat Systems\"}],\"order\":81,\"text\":\"Combat Systems\"},{\"bbox\":[2163.2,2513.6,2319.5,2675.4],\"lines\":[{\"bbox\":[2206.2,2513.6,2317.2,2541.4],\"text\":\"2004 Total\"},{\"bbox\":[2193.1,2546.9,2317.8,2574.9],\"text\":\"Backlog Not\"},{\"bbox\":[2164.4,2580.2,2318.4,2608.8],\"text\":\"Expected to be\"},{\"bbox\":[2207.8,2613.5,2318.9,2641.4],\"text\":\"Completed\"},{\"bbox\":[2237.1,2646.9,2319.5,2674.2],\"text\":\"in 2005\"}],\"order\":82,\"text\":\"2004 Total\\nBacklog Not\\nExpected to be\\nCompleted\\nin 2005\"},{\"bbox\":[1802.0,2653.9,1858.4,2680.8],\"lines\":[{\"bbox\":[1802.0,2653.9,1858.4,2680.8],\"text\":\"2003\"}],\"order\":83,\"text\":\"2003\"},{\"bbox\":[786.9,2721.7,874.9,2752.8],\"lines\":[{\"bbox\":[786.9,2721.7,874.9,2752.8],\"text\":\"Funded\"}],\"order\":84,\"text\":\"Funded\"},{\"bbox\":[1010.4,2717.5,1123.7,2749.1],\"lines\":[{\"bbox\":[1010.4,2717.5,1123.7,2749.1],\"text\":\"Unfunded\"}],\"order\":85,\"text\":\"Unfunded\"},{\"bbox\":[1311.2,2713.4,1366.5,2744.0],\"lines\":[{\"bbox\":[1311.2,2713.4,1366.5,2744.0],\"text\":\"Total\"}],\"order\":86,\"text\":\"Total\"},{\"bbox\":[1528.4,2709.2,1616.5,2740.3],\"lines\":[{\"bbox\":[1528.4,2709.2,1616.5,2740.3],\"text\":\"Funded\"}],\"order\":87,\"text\":\"Funded\"},{\"bbox\":[1746.0,2705.1,1859.3,2736.6],\"lines\":[{\"bbox\":[1746.0,2705.1,1859.3,2736.6],\"text\":\"Unfunded\"}],\"order\":88,\"text\":\"Unfunded\"},{\"bbox\":[2044.4,2701.0,2099.7,2731.6],\"lines\":[{\"bbox\":[2044.4,2701.0,2099.7,2731.6],\"text\":\"Total\"}],\"order\":89,\"text\":\"Total\"},{\"bbox\":[752.2,2774.1,875.7,2808.0],\"lines\":[{\"bbox\":[752.2,2774.1,875.7,2808.0],\"text\":\"$ 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While high prices for some raw materials important to some\\n\\nThe company’s commercial sales were $3,052 in 2004, $2,929 in 2003\\n\\nof General Dynamics’ businesses, particularly steel, have caused pricing\\n\\nand $3,157 in 2002. These sales represented approximately 16 percent\\n\\npressures, the company has not experienced, and does not foresee, any\\n\\nof the company’s consolidated net sales in 2004, 18 percent in 2003 and\\n\\ndifficulty in obtaining the materials, components or supplies necessary\\n\\n23 percent in 2002. The majority of these sales were for Gulfstream air-\\n\\nfor its business operations.\\n\\ncraft, primarily to Fortune 500 ® corporations and large, privately held\\n\\ncompanies. The aircraft are operated by customers in a wide range of\\n\\nRESEARCH AND DEVELOPMENT\\n\\nindustries.\\n\\nAs part of its normal business operations, the company conducts inde-\\n\\nI N T E R N AT I O N A L\\n\\npendent research and development (R&D) activities. The company also\\n\\nThe company’s direct (non-Foreign Military Sales) sales to defense and\\n\\nconducts R&D activities under U.S. government contracts to develop\\n\\ncommercial customers outside the United States were $3,243 in 2004,\\n\\nproducts for large systems-development and technology programs.\\n\\n$2,519 in 2003 and $1,738 in 2002. These sales represented approxi-\\n\\nThe majority of company-sponsored R&D expenditures in each of the\\n\\nmately 17 percent of the company’s consolidated net sales in 2004, 15\\n\\npast three years was in the company’s defense business. In accordance\\n\\npercent in 2003 and 13 percent in 2002. International defense sales\\n\\nwith government regulations, the company recovers a significant portion\\n\\nwere primarily from the company's subsidiaries located abroad; interna-\\n\\nof these expenditures through overhead charges to U.S. government con-\\n\\ntional commercial sales were primarily exports of business-jet aircraft.\\n\\ntracts. The R&D activities of the Aerospace group consist primarily of\\n\\nThe company has operations throughout the world, including Australia,\\n\\ninternally funded product enhancement and development programs for\\n\\nAustria, Canada, Germany, Mexico, Spain, Switzerland and the United\\n\\nGulfstream aircraft.\\n\\nR&D expenditures were as follows:\\n\\nKingdom. Sales from international operations were $2,701 in 2004,\\n\\n$2,175 in 2003 and $970 in 2002. The long-lived assets of operations\\n\\nlocated outside the United States were 5 percent of the company’s total\\n\\nYe a r E n d e d D e c e m b e r 3 1\\n\\nlong-lived assets as of December 31, 2004, 4 percent as of December 31,\\n\\nCompany–sponsored\\n\\n2003, and 2 percent as of December 31, 2002.\\n\\nCustomer–sponsored\\n\\nFor information regarding sales by geographic region, see Note R to\\n\\n2004\\n\\n$\\n\\n329\\n\\n$\\n\\n523\\n\\n2003\\n\\n$\\n\\n279\\n\\n$\\n\\n508\\n\\n194\\n\\n2002\\n\\n$\\n\\n251\\n\\n$\\n\\n385\\n\\n229\\n\\n134\\n\\nthe Consolidated Financial Statements contained in Part II, Item 8, of this\\n\\nAnnual Report on Form 10-K.\\n\\nBACKLOG\\n\\nSUPPLIERS\\n\\nThe company’s total backlog represents the estimated remaining sales value\\n\\nThe company, in some cases, depends on suppliers and subcontractors\\n\\nof work to be performed under firm contracts and includes funded and\\n\\nfor raw materials and components used in the production of its products.\\n\\nunfunded portions. 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While high prices for some raw materials important to some\\n\\nThe company’s commercial sales were $3,052 in 2004, $2,929 in 2003\\n\\nof General Dynamics’ businesses, particularly steel, have caused pricing\\n\\nand $3,157 in 2002. These sales represented approximately 16 percent\\n\\npressures, the company has not experienced, and does not foresee, any\\n\\nof the company’s consolidated net sales in 2004, 18 percent in 2003 and\\n\\ndifficulty in obtaining the materials, components or supplies necessary\\n\\n23 percent in 2002. The majority of these sales were for Gulfstream air-\\n\\nfor its business operations.\\n\\ncraft, primarily to Fortune 500 ® corporations and large, privately held\\n\\ncompanies. The aircraft are operated by customers in a wide range of\\n\\nRESEARCH AND DEVELOPMENT\\n\\nindustries.\\n\\nAs part of its normal business operations, the company conducts inde-\\n\\nI N T E R N AT I O N A L\\n\\npendent research and development (R&D) activities. The company also\\n\\nThe company’s direct (non-Foreign Military Sales) sales to defense and\\n\\nconducts R&D activities under U.S. government contracts to develop\\n\\ncommercial customers outside the United States were $3,243 in 2004,\\n\\nproducts for large systems-development and technology programs.\\n\\n$2,519 in 2003 and $1,738 in 2002. These sales represented approxi-\\n\\nThe majority of company-sponsored R&D expenditures in each of the\\n\\nmately 17 percent of the company’s consolidated net sales in 2004, 15\\n\\npast three years was in the company’s defense business. In accordance\\n\\npercent in 2003 and 13 percent in 2002. International defense sales\\n\\nwith government regulations, the company recovers a significant portion\\n\\nwere primarily from the company's subsidiaries located abroad; interna-\\n\\nof these expenditures through overhead charges to U.S. government con-\\n\\ntional commercial sales were primarily exports of business-jet aircraft.\\n\\ntracts. The R&D activities of the Aerospace group consist primarily of\\n\\nThe company has operations throughout the world, including Australia,\\n\\ninternally funded product enhancement and development programs for\\n\\nAustria, Canada, Germany, Mexico, Spain, Switzerland and the United\\n\\nGulfstream aircraft.\\n\\nR&D expenditures were as follows:\\n\\nKingdom. Sales from international operations were $2,701 in 2004,\\n\\n$2,175 in 2003 and $970 in 2002. The long-lived assets of operations\\n\\nlocated outside the United States were 5 percent of the company’s total\\n\\nYe a r E n d e d D e c e m b e r 3 1\\n\\nlong-lived assets as of December 31, 2004, 4 percent as of December 31,\\n\\nCompany–sponsored\\n\\n2003, and 2 percent as of December 31, 2002.\\n\\nCustomer–sponsored\\n\\nFor information regarding sales by geographic region, see Note R to\\n\\n2004\\n\\n$\\n\\n329\\n\\n$\\n\\n523\\n\\n2003\\n\\n$\\n\\n279\\n\\n$\\n\\n508\\n\\n194\\n\\n2002\\n\\n$\\n\\n251\\n\\n$\\n\\n385\\n\\n229\\n\\n134\\n\\nthe Consolidated Financial Statements contained in Part II, Item 8, of this\\n\\nAnnual Report on Form 10-K.\\n\\nBACKLOG\\n\\nSUPPLIERS\\n\\nThe company’s total backlog represents the estimated remaining sales value\\n\\nThe company, in some cases, depends on suppliers and subcontractors\\n\\nof work to be performed under firm contracts and includes funded and\\n\\nfor raw materials and components used in the production of its products.\\n\\nunfunded portions. For additional discussion of backlog, see Management’s\\n\\nIn some instances, the company relies on only one or two sources of supply.\\n\\nDiscussion and Analysis of Financial Condition and Results of Operations\\n\\nA disruption in deliveries from suppliers, therefore, could have an\\n\\ncontained in Part II, Item 7, of this Annual Report on Form 10-K.\\n\\nSummary backlog information for each business group follows:\\n\\nadverse effect on the company’s ability to meet its commitments to\\n\\n2004\\n\\nDecember 31\\n\\nInformation Systems and Technology\\n\\nCombat Systems\\n\\n2004 Total\\nBacklog Not\\nExpected to be\\nCompleted\\nin 2005\\n\\n2003\\n\\nFunded\\n\\nUnfunded\\n\\nTotal\\n\\nFunded\\n\\nUnfunded\\n\\nTotal\\n\\n$ 7,127\\n\\n$ 2,287\\n\\n$ 9,414\\n\\n$ 5,950\\n\\n$ 1,529\\n\\n$ 7,479\\n\\n$ 5,983\\n\\n6,398\\n\\n2,318\\n\\n8,716\\n\\n5,826\\n\\n2,433\\n\\n8,259\\n\\n4,842\\n\\nMarine Systems\\n\\n9,899\\n\\n6,943\\n\\n16,842\\n\\n8,775\\n\\n9,388\\n\\n18,163\\n\\n12,298\\n\\nAerospace\\n\\n4,652\\n\\n2,192\\n\\n6,844\\n\\n4,127\\n\\n2,397\\n\\n6,524\\n\\n4,416\\n\\nResources\\n\\n200\\n\\n58\\n\\n258\\n\\n163\\n\\n57\\n\\n220\\n\\n113\\n\\n$ 28,276\\n\\n$ 13,798\\n\\n$ 42,074\\n\\n$ 24,841\\n\\n$ 15,804\\n\\n$ 40,645\\n\\n$ 27,652\\n\\nGeneral Dynamics 2004 Annual Report\\n\\n9\"},\"name\":\"fintabnet.GD_2004_page_27__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":5168351,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:GD_2004\",\"dpi\":300,\"gt_sha256\":\"ff16339d355a75c29d1dd6da6e6938bed86e3fa260b2ebb5f71197000cdd2ba8\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GD_2004_page_27__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.GD_2004_page_27\",\"pdf_sha256\":\"e3bfcacb7c7d98dfc264fde97e51213986f267006de5509db7bc391f27e41cb7\",\"px\":[2475,3300],\"scan\":{\"render\":\"0000307e7ffe7f187ffe7f7e3ffe7f583f7e2000007e3f7c000227f605b60000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"GD_2004_page_27\",\"src\":{\"file_sha256\":\"d74a6f26f215f0987aafbe1ae7c2dd614cfcceab7c1abbc57739eea1ac09c007\",\"render\":\"000030423f6020003c7e3f7e3f7e7f503c7e2000307e3f7c07827ffe6ffe0000\",\"text\":\"5882a2cf1f4abcbff5f20bbf54cf68ac94abbc889d4a4d5b5c54d9d1e4e38dea\"},\"stack\":[{\"deg\":0.968,\"op\":\"skew\"},{\"amp\":0.044,\"angle\":269.0,\"blob\":0.207,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.534},{\"op\":\"noise\",\"sigma\":3.609},{\"gain\":0.935,\"op\":\"contrast\"},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e3bfcacb7c7d98dfc264fde97e51213986f267006de5509db7bc391f27e41cb7\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e3bfcacb7c7d98dfc264fde97e51213986f267006de5509db7bc391f27e41cb7.pdf","asset_sha256":"e3bfcacb7c7d98dfc264fde97e51213986f267006de5509db7bc391f27e41cb7","document_id":"fintabnet:GD_2004","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GD_2004_page_27\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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As a result, the\"},{\"bbox\":[86.5,586.8,588.2,609.4],\"lines\":[{\"bbox\":[86.5,586.8,588.2,609.4],\"text\":\"company completed the sale of two businesses in 2004 and recognized an\"}],\"order\":42,\"text\":\"company completed the sale of two businesses in 2004 and recognized an\"},{\"bbox\":[636.2,596.5,781.6,609.1],\"lines\":[{\"bbox\":[636.2,596.5,781.6,609.1],\"text\":\"Ye a r E n d e d D e c e m b e r 3 1\"}],\"order\":43,\"text\":\"Ye a r E n d e d D e c e m b e r 3 1\"},{\"bbox\":[86.2,618.0,587.6,640.6],\"lines\":[{\"bbox\":[86.2,618.0,587.6,640.6],\"text\":\"after-tax loss of $2. In the Information Systems and Technology group, the\"}],\"order\":44,\"text\":\"after-tax loss of $2. 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In Information Systems and Technology, the company\"}],\"order\":81,\"text\":\"additional businesses. In Information Systems and Technology, the company\"},{\"bbox\":[83.9,836.8,585.6,859.3],\"lines\":[{\"bbox\":[83.9,836.8,585.6,859.3],\"text\":\"entered into an agreement to sell its aeronautical research and development\"}],\"order\":82,\"text\":\"entered into an agreement to sell its aeronautical research and development\"},{\"bbox\":[83.6,868.0,585.2,890.6],\"lines\":[{\"bbox\":[83.6,868.0,585.2,890.6],\"text\":\"business. In Combat Systems, the company entered into an agreement to sell\"}],\"order\":83,\"text\":\"business. In Combat Systems, the company entered into an agreement to sell\"},{\"bbox\":[633.7,831.1,845.0,849.2],\"lines\":[{\"bbox\":[633.7,831.1,845.0,849.2],\"text\":\"Earnings (loss) from discontinued\"}],\"order\":84,\"text\":\"Earnings (loss) from discontinued\"},{\"bbox\":[650.1,858.4,716.3,875.0],\"lines\":[{\"bbox\":[650.1,858.4,716.3,875.0],\"text\":\"operations\"}],\"order\":85,\"text\":\"operations\"},{\"bbox\":[873.1,860.7,881.8,876.7],\"lines\":[{\"bbox\":[873.1,860.7,881.8,876.7],\"text\":\"$\"}],\"order\":86,\"text\":\"$\"},{\"bbox\":[918.8,861.1,936.1,877.3],\"lines\":[{\"bbox\":[918.8,861.1,936.1,877.3],\"text\":\"24\"}],\"order\":87,\"text\":\"24\"},{\"bbox\":[969.8,861.7,978.6,877.7],\"lines\":[{\"bbox\":[969.8,861.7,978.6,877.7],\"text\":\"$\"}],\"order\":88,\"text\":\"$\"},{\"bbox\":[83.3,899.3,585.0,921.8],\"lines\":[{\"bbox\":[83.3,899.3,585.0,921.8],\"text\":\"its propulsion systems business. These transactions closed in the first quarter\"}],\"order\":89,\"text\":\"its propulsion systems business. These transactions closed in the first quarter\"},{\"bbox\":[83.0,930.5,584.6,953.1],\"lines\":[{\"bbox\":[83.0,930.5,584.6,953.1],\"text\":\"of 2005. The company will recognize the gains anticipated from the sale of\"}],\"order\":90,\"text\":\"of 2005. The company will recognize the gains anticipated from the sale of\"},{\"bbox\":[647.0,936.3,1127.8,958.7],\"lines\":[{\"bbox\":[647.0,936.3,1127.8,958.7],\"text\":\"Assets and liabilities of discontinued operations are included in other\"}],\"order\":91,\"text\":\"Assets and liabilities of discontinued operations are included in other\"},{\"bbox\":[82.7,961.8,559.5,984.1],\"lines\":[{\"bbox\":[82.7,961.8,559.5,984.1],\"text\":\"these businesses in discontinued operations in the first quarter of 2005.\"}],\"order\":92,\"text\":\"these businesses in discontinued operations in the first quarter of 2005.\"},{\"bbox\":[625.8,967.3,1127.4,989.9],\"lines\":[{\"bbox\":[625.8,967.3,1127.4,989.9],\"text\":\"current assets and other current liabilities, respectively, on the\"}],\"order\":93,\"text\":\"current assets and other current liabilities, respectively, on the\"},{\"bbox\":[103.2,993.2,583.9,1015.6],\"lines\":[{\"bbox\":[103.2,993.2,583.9,1015.6],\"text\":\"The financial statements for all periods have been restated to present\"}],\"order\":94,\"text\":\"The financial statements for all periods have been restated to present\"},{\"bbox\":[625.5,998.6,1037.8,1020.2],\"lines\":[{\"bbox\":[625.5,998.6,1037.8,1020.2],\"text\":\"Consolidated Balance Sheet and consisted of the following:\"}],\"order\":95,\"text\":\"Consolidated Balance Sheet and consisted of the following:\"},{\"bbox\":[82.0,1024.2,572.8,1046.7],\"lines\":[{\"bbox\":[82.0,1024.2,572.8,1046.7],\"text\":\"the results of operations of these businesses in discontinued operations.\"}],\"order\":96,\"text\":\"the results of operations of these businesses in discontinued operations.\"},{\"bbox\":[102.5,1055.7,583.4,1078.1],\"lines\":[{\"bbox\":[102.5,1055.7,583.4,1078.1],\"text\":\"In addition to the 2004 activity, the company sold three more businesses\"}],\"order\":97,\"text\":\"In addition to the 2004 activity, the company sold three more businesses\"},{\"bbox\":[981.0,1066.2,1011.5,1079.5],\"lines\":[{\"bbox\":[981.0,1066.2,1011.5,1079.5],\"text\":\"2004\"}],\"order\":98,\"text\":\"2004\"},{\"bbox\":[627.9,1064.0,703.7,1075.9],\"lines\":[{\"bbox\":[627.9,1064.0,703.7,1075.9],\"text\":\"December 31\"}],\"order\":99,\"text\":\"December 31\"},{\"bbox\":[1074.8,1067.1,1103.0,1080.4],\"lines\":[{\"bbox\":[1074.8,1067.1,1103.0,1080.4],\"text\":\"2003\"}],\"order\":100,\"text\":\"2003\"},{\"bbox\":[81.4,1086.7,583.0,1109.3],\"lines\":[{\"bbox\":[81.4,1086.7,583.0,1109.3],\"text\":\"in the first quarter of 2005. These included the facilities research and\"}],\"order\":101,\"text\":\"in the first quarter of 2005. These included the facilities research and\"},{\"bbox\":[627.5,1095.6,754.8,1112.8],\"lines\":[{\"bbox\":[627.5,1095.6,754.8,1112.8],\"text\":\"Accounts receivable\"}],\"order\":102,\"text\":\"Accounts receivable\"},{\"bbox\":[81.0,1118.0,582.7,1140.6],\"lines\":[{\"bbox\":[81.0,1118.0,582.7,1140.6],\"text\":\"development business and the airborne electronics systems business in\"}],\"order\":103,\"text\":\"development business and the airborne electronics systems business in\"},{\"bbox\":[627.2,1122.7,758.0,1140.0],\"lines\":[{\"bbox\":[627.2,1122.7,758.0,1140.0],\"text\":\"Contracts in process\"}],\"order\":104,\"text\":\"Contracts in process\"},{\"bbox\":[1005.4,1126.6,1022.7,1142.7],\"lines\":[{\"bbox\":[1005.4,1126.6,1022.7,1142.7],\"text\":\"67\"}],\"order\":105,\"text\":\"67\"},{\"bbox\":[80.7,1149.2,582.3,1171.8],\"lines\":[{\"bbox\":[80.7,1149.2,582.3,1171.8],\"text\":\"the Information Systems and Technology group and the fuel storage\"}],\"order\":106,\"text\":\"the Information Systems and Technology group and the fuel storage\"},{\"bbox\":[627.0,1149.7,846.7,1167.9],\"lines\":[{\"bbox\":[627.0,1149.7,846.7,1167.9],\"text\":\"Property, plant and equipment, net\"}],\"order\":107,\"text\":\"Property, plant and equipment, net\"},{\"bbox\":[1005.1,1153.6,1022.5,1169.8],\"lines\":[{\"bbox\":[1005.1,1153.6,1022.5,1169.8],\"text\":\"24\"}],\"order\":108,\"text\":\"24\"},{\"bbox\":[1093.3,1154.5,1110.7,1170.7],\"lines\":[{\"bbox\":[1093.3,1154.5,1110.7,1170.7],\"text\":\"25\"}],\"order\":109,\"text\":\"25\"},{\"bbox\":[626.7,1176.8,761.7,1194.2],\"lines\":[{\"bbox\":[626.7,1176.8,761.7,1194.2],\"text\":\"Intangible assets, net\"}],\"order\":110,\"text\":\"Intangible assets, net\"},{\"bbox\":[1004.8,1180.7,1022.2,1196.8],\"lines\":[{\"bbox\":[1004.8,1180.7,1022.2,1196.8],\"text\":\"68\"}],\"order\":111,\"text\":\"68\"},{\"bbox\":[1093.0,1181.6,1110.3,1197.7],\"lines\":[{\"bbox\":[1093.0,1181.6,1110.3,1197.7],\"text\":\"77\"}],\"order\":112,\"text\":\"77\"},{\"bbox\":[626.4,1203.9,679.9,1220.4],\"lines\":[{\"bbox\":[626.4,1203.9,679.9,1220.4],\"text\":\"Goodwill\"}],\"order\":113,\"text\":\"Goodwill\"},{\"bbox\":[995.9,1207.7,1021.9,1223.9],\"lines\":[{\"bbox\":[995.9,1207.7,1021.9,1223.9],\"text\":\"126\"}],\"order\":114,\"text\":\"126\"},{\"bbox\":[1084.1,1208.6,1110.1,1224.8],\"lines\":[{\"bbox\":[1084.1,1208.6,1110.1,1224.8],\"text\":\"128\"}],\"order\":115,\"text\":\"128\"},{\"bbox\":[626.1,1231.0,706.4,1247.8],\"lines\":[{\"bbox\":[626.1,1231.0,706.4,1247.8],\"text\":\"Other assets\"}],\"order\":116,\"text\":\"Other assets\"},{\"bbox\":[1004.3,1234.9,1021.6,1251.0],\"lines\":[{\"bbox\":[1004.3,1234.9,1021.6,1251.0],\"text\":\"32\"}],\"order\":117,\"text\":\"32\"},{\"bbox\":[1092.4,1235.8,1109.8,1251.9],\"lines\":[{\"bbox\":[1092.4,1235.8,1109.8,1251.9],\"text\":\"47\"}],\"order\":118,\"text\":\"47\"},{\"bbox\":[995.3,1268.1,1021.3,1284.3],\"lines\":[{\"bbox\":[995.3,1268.1,1021.3,1284.3],\"text\":\"343\"}],\"order\":119,\"text\":\"343\"},{\"bbox\":[1060.4,1268.8,1109.5,1285.2],\"lines\":[{\"bbox\":[1060.4,1268.8,1109.5,1285.2],\"text\":\"$ 387\"}],\"order\":120,\"text\":\"$ 387\"},{\"bbox\":[80.4,1180.5,414.3,1201.3],\"lines\":[{\"bbox\":[80.4,1180.5,414.3,1201.3],\"text\":\"systems business in the Combat Systems group.\"}],\"order\":121,\"text\":\"systems business in the Combat Systems group.\"},{\"bbox\":[100.9,1211.9,581.7,1234.3],\"lines\":[{\"bbox\":[100.9,1211.9,581.7,1234.3],\"text\":\"The company anticipates combined proceeds from these transactions\"}],\"order\":122,\"text\":\"The company anticipates combined proceeds from these transactions\"},{\"bbox\":[79.8,1243.0,238.0,1262.0],\"lines\":[{\"bbox\":[79.8,1243.0,238.0,1262.0],\"text\":\"of approximately $400.\"}],\"order\":123,\"text\":\"of approximately $400.\"},{\"bbox\":[100.3,1274.4,581.1,1296.8],\"lines\":[{\"bbox\":[100.3,1274.4,581.1,1296.8],\"text\":\"The company exited its undersea fiber-optic cable-laying business in\"}],\"order\":124,\"text\":\"The company exited its undersea fiber-optic cable-laying business in\"},{\"bbox\":[79.1,1305.5,580.7,1328.1],\"lines\":[{\"bbox\":[79.1,1305.5,580.7,1328.1],\"text\":\"the fourth quarter of 2002 because of substantial overcapacity in the mar-\"}],\"order\":125,\"text\":\"the fourth quarter of 2002 because of substantial overcapacity in the mar-\"},{\"bbox\":[78.8,1336.7,580.5,1359.3],\"lines\":[{\"bbox\":[78.8,1336.7,580.5,1359.3],\"text\":\"ket and a lack of contract backlog. The results of this business’ operations\"}],\"order\":126,\"text\":\"ket and a lack of contract backlog. The results of this business’ operations\"},{\"bbox\":[78.5,1368.0,580.1,1390.6],\"lines\":[{\"bbox\":[78.5,1368.0,580.1,1390.6],\"text\":\"had been included in the Information Systems and Technology group. The\"}],\"order\":127,\"text\":\"had been included in the Information Systems and Technology group. The\"},{\"bbox\":[78.2,1399.2,579.7,1421.8],\"lines\":[{\"bbox\":[78.2,1399.2,579.7,1421.8],\"text\":\"company recognized an after-tax loss of $134 in 2002, including an after-\"}],\"order\":128,\"text\":\"company recognized an after-tax loss of $134 in 2002, including an after-\"},{\"bbox\":[77.8,1430.5,579.3,1453.0],\"lines\":[{\"bbox\":[77.8,1430.5,579.3,1453.0],\"text\":\"tax charge of $109 for ship lease obligations and the write-down of assets\"}],\"order\":129,\"text\":\"tax charge of $109 for ship lease obligations and the write-down of assets\"},{\"bbox\":[77.5,1461.7,579.0,1484.3],\"lines\":[{\"bbox\":[77.5,1461.7,579.0,1484.3],\"text\":\"to net realizable value. In 2003 and 2004, the company favorably resolved\"}],\"order\":130,\"text\":\"to net realizable value. In 2003 and 2004, the company favorably resolved\"},{\"bbox\":[77.2,1493.0,578.8,1515.5],\"lines\":[{\"bbox\":[77.2,1493.0,578.8,1515.5],\"text\":\"some of the liabilities associated with this business, resulting in after-tax\"}],\"order\":131,\"text\":\"some of the liabilities associated with this business, resulting in after-tax\"},{\"bbox\":[76.9,1524.2,504.8,1546.0],\"lines\":[{\"bbox\":[76.9,1524.2,504.8,1546.0],\"text\":\"gains of $7 and $5, respectively, from discontinued operations.\"}],\"order\":132,\"text\":\"gains of $7 and $5, respectively, from discontinued operations.\"},{\"bbox\":[76.6,1586.7,91.8,1598.5],\"lines\":[{\"bbox\":[76.6,1586.7,91.8,1598.5],\"text\":\"38\"}],\"order\":133,\"text\":\"38\"},{\"bbox\":[111.0,1587.0,353.5,1601.2],\"lines\":[{\"bbox\":[111.0,1587.0,353.5,1601.2],\"text\":\"General Dynamics 2004 Annual Report\"}],\"order\":134,\"text\":\"General Dynamics 2004 Annual Report\"},{\"bbox\":[642.5,1264.5,856.9,1282.6],\"lines\":[{\"bbox\":[642.5,1264.5,856.9,1282.6],\"text\":\"Assets of discontinued operations\"}],\"order\":135,\"text\":\"Assets of discontinued operations\"},{\"bbox\":[967.5,1099.1,976.2,1115.1],\"lines\":[{\"bbox\":[967.5,1099.1,976.2,1115.1],\"text\":\"$\"}],\"order\":136,\"text\":\"$\"},{\"bbox\":[962.8,1267.8,971.6,1283.8],\"lines\":[{\"bbox\":[962.8,1267.8,971.6,1283.8],\"text\":\"$\"}],\"order\":137,\"text\":\"$\"},{\"bbox\":[1005.6,1099.5,1023.0,1115.6],\"lines\":[{\"bbox\":[1005.6,1099.5,1023.0,1115.6],\"text\":\"26\"}],\"order\":138,\"text\":\"26\"},{\"bbox\":[1061.6,1100.0,1070.3,1116.1],\"lines\":[{\"bbox\":[1061.6,1100.0,1070.3,1116.1],\"text\":\"$\"}],\"order\":139,\"text\":\"$\"},{\"bbox\":[1093.8,1100.4,1111.2,1116.5],\"lines\":[{\"bbox\":[1093.8,1100.4,1111.2,1116.5],\"text\":\"35\"}],\"order\":140,\"text\":\"35\"},{\"bbox\":[1093.5,1127.5,1110.9,1143.6],\"lines\":[{\"bbox\":[1093.5,1127.5,1110.9,1143.6],\"text\":\"75\"}],\"order\":141,\"text\":\"75\"},{\"bbox\":[625.4,1297.7,737.6,1314.8],\"lines\":[{\"bbox\":[625.4,1297.7,737.6,1314.8],\"text\":\"Accounts payable\"}],\"order\":142,\"text\":\"Accounts payable\"},{\"bbox\":[1003.5,1301.5,1020.9,1317.7],\"lines\":[{\"bbox\":[1003.5,1301.5,1020.9,1317.7],\"text\":\"12\"}],\"order\":143,\"text\":\"12\"},{\"bbox\":[1091.7,1302.4,1109.1,1318.6],\"lines\":[{\"bbox\":[1091.7,1302.4,1109.1,1318.6],\"text\":\"29\"}],\"order\":144,\"text\":\"29\"},{\"bbox\":[625.2,1324.7,719.2,1341.6],\"lines\":[{\"bbox\":[625.2,1324.7,719.2,1341.6],\"text\":\"Other liabilities\"}],\"order\":145,\"text\":\"Other liabilities\"},{\"bbox\":[1003.3,1328.6,1020.7,1344.7],\"lines\":[{\"bbox\":[1003.3,1328.6,1020.7,1344.7],\"text\":\"81\"}],\"order\":146,\"text\":\"81\"},{\"bbox\":[1082.9,1329.4,1108.8,1345.7],\"lines\":[{\"bbox\":[1082.9,1329.4,1108.8,1345.7],\"text\":\"111\"}],\"order\":147,\"text\":\"111\"},{\"bbox\":[1003.0,1362.0,1020.3,1378.1],\"lines\":[{\"bbox\":[1003.0,1362.0,1020.3,1378.1],\"text\":\"93\"}],\"order\":148,\"text\":\"93\"},{\"bbox\":[1059.5,1362.5,1108.5,1379.0],\"lines\":[{\"bbox\":[1059.5,1362.5,1108.5,1379.0],\"text\":\"$ 140\"}],\"order\":149,\"text\":\"$ 140\"},{\"bbox\":[641.5,1358.2,872.8,1376.6],\"lines\":[{\"bbox\":[641.5,1358.2,872.8,1376.6],\"text\":\"Liabilities of discontinued operations\"}],\"order\":150,\"text\":\"Liabilities of discontinued operations\"},{\"bbox\":[961.7,1361.5,970.4,1377.6],\"lines\":[{\"bbox\":[961.7,1361.5,970.4,1377.6],\"text\":\"$\"}],\"order\":151,\"text\":\"$\"}],\"doc\":\"fintabnet:GD_2004\",\"dpi\":150,\"image_px\":[1238,1650],\"layout\":[],\"markdown\":\"The changes in the carrying amount of goodwill by business group for the year ended December 31, 2004, were as follows:\\n\\nDecember 31, 2003\\n\\nInformation Systems and Technology\\n\\nAcquisitions (a)\\n\\n$ 3,508\\n\\n$\\n\\n22\\n\\n$ 3,927\\n\\n1,905\\n\\n(20)\\n\\n97\\n\\n1,982\\n\\nMarine Systems\\n\\n193\\n\\n–\\n\\n–\\n\\n193\\n\\nAerospace\\n\\n348\\n\\n–\\n\\n–\\n\\n348\\n\\nResources\\n\\n1\\n\\n–\\n\\n–\\n\\n1\\n\\n377\\n\\n$ 119\\n\\n$ 6,451\\n\\n$\\n\\n$\\n\\nDecember 31, 2004\\n\\nCombat Systems\\n\\n$ 5,955\\n\\n397\\n\\nOther (b)\\n\\n(a) Includes adjustments to preliminary assignment of fair value to net assets acquired.\\n(b) Consists of adjustments for foreign currency translation.\\n\\nC. DISCONTINUED OPERATIONS\\n\\nIn 2004, General Dynamics reviewed its businesses to identify operations\\n\\nThe summary of operating results from discontinued operations follows:\\n\\nthat were not core to the company and could be divested. As a result, the\\n\\ncompany completed the sale of two businesses in 2004 and recognized an\\n\\nYe a r E n d e d D e c e m b e r 3 1\\n\\nafter-tax loss of $2. In the Information Systems and Technology group, the\\n\\nNet sales\\n\\ncompany sold its business specializing in the development of software prod-\\n\\nOperating expenses\\n\\nucts and customized solutions for the automotive and airline industry. In the\\n\\nCombat Systems group, the company sold its business specializing in the\\n\\ndesign and manufacture of electrical equipment for specialty vehicles.\\n\\nAlso in 2004, the company entered into definitive agreements to sell two\\n\\n2004\\n\\n$\\n\\n2003\\n\\n374\\n\\n$\\n\\n2002\\n\\n253\\n\\n$ 183\\n\\n344\\n\\n231\\n\\n205\\n\\nOperating earnings (loss)\\n\\n30\\n\\n22\\n\\n(22)\\n\\nGain (loss) on disposal\\n\\n4\\n\\n10\\n\\n(168)\\n\\nEarnings (loss) before taxes\\n\\n34\\n\\n32\\n\\n(190)\\n\\nTax (provision) benefit\\n\\n(10)\\n\\n(10)\\n\\n67\\n\\n22\\n\\n$ (123)\\n\\nadditional businesses. In Information Systems and Technology, the company\\n\\nentered into an agreement to sell its aeronautical research and development\\n\\nbusiness. In Combat Systems, the company entered into an agreement to sell\\n\\nEarnings (loss) from discontinued\\n\\noperations\\n\\n$\\n\\n24\\n\\n$\\n\\nits propulsion systems business. These transactions closed in the first quarter\\n\\nof 2005. The company will recognize the gains anticipated from the sale of\\n\\nAssets and liabilities of discontinued operations are included in other\\n\\nthese businesses in discontinued operations in the first quarter of 2005.\\n\\ncurrent assets and other current liabilities, respectively, on the\\n\\nThe financial statements for all periods have been restated to present\\n\\nConsolidated Balance Sheet and consisted of the following:\\n\\nthe results of operations of these businesses in discontinued operations.\\n\\nIn addition to the 2004 activity, the company sold three more businesses\\n\\n2004\\n\\nDecember 31\\n\\n2003\\n\\nin the first quarter of 2005. These included the facilities research and\\n\\nAccounts receivable\\n\\ndevelopment business and the airborne electronics systems business in\\n\\nContracts in process\\n\\n67\\n\\nthe Information Systems and Technology group and the fuel storage\\n\\nProperty, plant and equipment, net\\n\\n24\\n\\n25\\n\\nIntangible assets, net\\n\\n68\\n\\n77\\n\\nGoodwill\\n\\n126\\n\\n128\\n\\nOther assets\\n\\n32\\n\\n47\\n\\n343\\n\\n$ 387\\n\\nsystems business in the Combat Systems group.\\n\\nThe company anticipates combined proceeds from these transactions\\n\\nof approximately $400.\\n\\nThe company exited its undersea fiber-optic cable-laying business in\\n\\nthe fourth quarter of 2002 because of substantial overcapacity in the mar-\\n\\nket and a lack of contract backlog. The results of this business’ operations\\n\\nhad been included in the Information Systems and Technology group. The\\n\\ncompany recognized an after-tax loss of $134 in 2002, including an after-\\n\\ntax charge of $109 for ship lease obligations and the write-down of assets\\n\\nto net realizable value. In 2003 and 2004, the company favorably resolved\\n\\nsome of the liabilities associated with this business, resulting in after-tax\\n\\ngains of $7 and $5, respectively, from discontinued operations.\\n\\n38\\n\\nGeneral Dynamics 2004 Annual Report\\n\\nAssets of discontinued operations\\n\\n$\\n\\n$\\n\\n26\\n\\n$\\n\\n35\\n\\n75\\n\\nAccounts payable\\n\\n12\\n\\n29\\n\\nOther liabilities\\n\\n81\\n\\n111\\n\\n93\\n\\n$ 140\\n\\nLiabilities of discontinued operations\\n\\n$\",\"name\":\"fintabnet.GD_2004_page_56__150dpi_mild\",\"page_id\":\"fintabnet.GD_2004_page_56\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.589,\"source\":\"fintabnet\",\"source_id\":\"GD_2004_page_56\",\"stack\":[{\"deg\":-0.589,\"op\":\"skew\"},{\"gain\":0.941,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":73}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[633.4,591.2,1119.9,879.6],\"block_orders\":[43,45,47,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,84,85,86,87,88],\"cells\":null},{\"bbox\":[624.8,1058.7,1111.6,1379.5],\"block_orders\":[98,99,100,102,104,105,107,108,109,110,111,112,113,114,115,116,117,118,119,120,135,136,137,138,139,140,141,142,143,144,145,146,147,148,149,150,151],\"cells\":null}],\"text\":\"The changes in the carrying amount of goodwill by business group for the year ended December 31, 2004, were as follows:\\n\\nDecember 31, 2003\\n\\nInformation Systems and Technology\\n\\nAcquisitions (a)\\n\\n$ 3,508\\n\\n$\\n\\n22\\n\\n$ 3,927\\n\\n1,905\\n\\n(20)\\n\\n97\\n\\n1,982\\n\\nMarine Systems\\n\\n193\\n\\n–\\n\\n–\\n\\n193\\n\\nAerospace\\n\\n348\\n\\n–\\n\\n–\\n\\n348\\n\\nResources\\n\\n1\\n\\n–\\n\\n–\\n\\n1\\n\\n377\\n\\n$ 119\\n\\n$ 6,451\\n\\n$\\n\\n$\\n\\nDecember 31, 2004\\n\\nCombat Systems\\n\\n$ 5,955\\n\\n397\\n\\nOther (b)\\n\\n(a) Includes adjustments to preliminary assignment of fair value to net assets acquired.\\n(b) Consists of adjustments for foreign currency translation.\\n\\nC. DISCONTINUED OPERATIONS\\n\\nIn 2004, General Dynamics reviewed its businesses to identify operations\\n\\nThe summary of operating results from discontinued operations follows:\\n\\nthat were not core to the company and could be divested. As a result, the\\n\\ncompany completed the sale of two businesses in 2004 and recognized an\\n\\nYe a r E n d e d D e c e m b e r 3 1\\n\\nafter-tax loss of $2. In the Information Systems and Technology group, the\\n\\nNet sales\\n\\ncompany sold its business specializing in the development of software prod-\\n\\nOperating expenses\\n\\nucts and customized solutions for the automotive and airline industry. In the\\n\\nCombat Systems group, the company sold its business specializing in the\\n\\ndesign and manufacture of electrical equipment for specialty vehicles.\\n\\nAlso in 2004, the company entered into definitive agreements to sell two\\n\\n2004\\n\\n$\\n\\n2003\\n\\n374\\n\\n$\\n\\n2002\\n\\n253\\n\\n$ 183\\n\\n344\\n\\n231\\n\\n205\\n\\nOperating earnings (loss)\\n\\n30\\n\\n22\\n\\n(22)\\n\\nGain (loss) on disposal\\n\\n4\\n\\n10\\n\\n(168)\\n\\nEarnings (loss) before taxes\\n\\n34\\n\\n32\\n\\n(190)\\n\\nTax (provision) benefit\\n\\n(10)\\n\\n(10)\\n\\n67\\n\\n22\\n\\n$ (123)\\n\\nadditional businesses. In Information Systems and Technology, the company\\n\\nentered into an agreement to sell its aeronautical research and development\\n\\nbusiness. In Combat Systems, the company entered into an agreement to sell\\n\\nEarnings (loss) from discontinued\\n\\noperations\\n\\n$\\n\\n24\\n\\n$\\n\\nits propulsion systems business. These transactions closed in the first quarter\\n\\nof 2005. The company will recognize the gains anticipated from the sale of\\n\\nAssets and liabilities of discontinued operations are included in other\\n\\nthese businesses in discontinued operations in the first quarter of 2005.\\n\\ncurrent assets and other current liabilities, respectively, on the\\n\\nThe financial statements for all periods have been restated to present\\n\\nConsolidated Balance Sheet and consisted of the following:\\n\\nthe results of operations of these businesses in discontinued operations.\\n\\nIn addition to the 2004 activity, the company sold three more businesses\\n\\n2004\\n\\nDecember 31\\n\\n2003\\n\\nin the first quarter of 2005. These included the facilities research and\\n\\nAccounts receivable\\n\\ndevelopment business and the airborne electronics systems business in\\n\\nContracts in process\\n\\n67\\n\\nthe Information Systems and Technology group and the fuel storage\\n\\nProperty, plant and equipment, net\\n\\n24\\n\\n25\\n\\nIntangible assets, net\\n\\n68\\n\\n77\\n\\nGoodwill\\n\\n126\\n\\n128\\n\\nOther assets\\n\\n32\\n\\n47\\n\\n343\\n\\n$ 387\\n\\nsystems business in the Combat Systems group.\\n\\nThe company anticipates combined proceeds from these transactions\\n\\nof approximately $400.\\n\\nThe company exited its undersea fiber-optic cable-laying business in\\n\\nthe fourth quarter of 2002 because of substantial overcapacity in the mar-\\n\\nket and a lack of contract backlog. The results of this business’ operations\\n\\nhad been included in the Information Systems and Technology group. The\\n\\ncompany recognized an after-tax loss of $134 in 2002, including an after-\\n\\ntax charge of $109 for ship lease obligations and the write-down of assets\\n\\nto net realizable value. In 2003 and 2004, the company favorably resolved\\n\\nsome of the liabilities associated with this business, resulting in after-tax\\n\\ngains of $7 and $5, respectively, from discontinued operations.\\n\\n38\\n\\nGeneral Dynamics 2004 Annual Report\\n\\nAssets of discontinued operations\\n\\n$\\n\\n$\\n\\n26\\n\\n$\\n\\n35\\n\\n75\\n\\nAccounts payable\\n\\n12\\n\\n29\\n\\nOther liabilities\\n\\n81\\n\\n111\\n\\n93\\n\\n$ 140\\n\\nLiabilities of discontinued operations\\n\\n$\"},\"name\":\"fintabnet.GD_2004_page_56__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":242234,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:GD_2004\",\"dpi\":150,\"gt_sha256\":\"98b9e53bb024e3fe240989ec24567c710445b3c61b17ac5c95779c7e5511ee69\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GD_2004_page_56__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.GD_2004_page_56\",\"pdf_sha256\":\"591cd93d311cce9c1d7719111636952d273b39e472e7d220c14d9ddeb5f2e4fd\",\"px\":[1238,1650],\"scan\":{\"render\":\"000000006006400478007f7c7fd47fd07fc07efc7fcc7ec07eec7f607e000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"GD_2004_page_56\",\"src\":{\"file_sha256\":\"f22724238749387197365d0ee57a74c7b65e3d60c9f3774000b557b9d9c86453\",\"render\":\"000000006106400478007e5c7edc7efe7fc07efc7fcc7cc07eec7ffc7e000000\",\"text\":\"68c75617e92e766285909dd66b594ae78183efece78a0505fd77e06c9ff8732d\"},\"stack\":[{\"deg\":-0.589,\"op\":\"skew\"},{\"gain\":0.941,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":73}],\"tools\":\"21647cade0ee\"},\"sha256\":\"591cd93d311cce9c1d7719111636952d273b39e472e7d220c14d9ddeb5f2e4fd\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/591cd93d311cce9c1d7719111636952d273b39e472e7d220c14d9ddeb5f2e4fd.pdf","asset_sha256":"591cd93d311cce9c1d7719111636952d273b39e472e7d220c14d9ddeb5f2e4fd","document_id":"fintabnet:GD_2004","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GD_2004_page_56\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GD_2018_page_49\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:GD_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[116.7,173.8,450.4,196.1],\"lines\":[{\"bbox\":[116.7,173.8,450.4,196.1],\"text\":\"NON-GAAP FINANCIAL MEASURES\"}],\"order\":0,\"text\":\"NON-GAAP FINANCIAL MEASURES\"},{\"bbox\":[116.7,228.4,1516.8,601.9],\"lines\":[{\"bbox\":[116.7,228.4,1516.8,251.9],\"text\":\"We emphasize the efficient conversion of net earnings into cash and the deployment of that cash to maximize shareholder returns. As described\"},{\"bbox\":[116.7,267.3,1516.7,290.8],\"text\":\"below, we use free cash flow from operations and return on invested capital (ROIC) to measure our performance in these areas. While we believe\"},{\"bbox\":[116.7,306.2,1516.6,329.6],\"text\":\"these metrics provide useful information, they are not defined operating measures under GAAP, and there are limitations associated with their use.\"},{\"bbox\":[116.7,345.0,1516.7,368.5],\"text\":\"Our calculation of these metrics may not be completely comparable to similarly titled measures of other companies due to potential differences in the\"},{\"bbox\":[116.7,383.9,1493.6,407.4],\"text\":\"method of calculation. As a result, the use of these metrics should not be considered in isolation from, or as a substitute for, other GAAP measures.\"},{\"bbox\":[143.1,422.8,1516.6,446.3],\"text\":\"Free Cash Flow. We define free cash flow from operations as net cash provided by operating activities less capital expenditures. We believe free\"},{\"bbox\":[116.7,461.7,1516.7,485.2],\"text\":\"cash flow from operations is a useful measure for investors because it portrays our ability to generate cash from our businesses for purposes such as\"},{\"bbox\":[116.7,500.6,1516.7,524.1],\"text\":\"repaying maturing debt, funding business acquisitions, repurchasing our common stock and paying dividends. We use free cash flow from operations\"},{\"bbox\":[116.7,539.5,1516.7,563.0],\"text\":\"to assess the quality of our earnings and as a key performance measure in evaluating management. The following table reconciles the free cash flow\"},{\"bbox\":[116.7,578.4,1340.9,601.9],\"text\":\"from operations with net cash provided by operating activities, as classified on the Consolidated Statement of Cash Flows in Item 8:\"}],\"order\":1,\"text\":\"We emphasize the efficient conversion of net earnings into cash and the deployment of that cash to maximize shareholder returns. As described\\nbelow, we use free cash flow from operations and return on invested capital (ROIC) to measure our performance in these areas. While we believe\\nthese metrics provide useful information, they are not defined operating measures under GAAP, and there are limitations associated with their use.\\nOur calculation of these metrics may not be completely comparable to similarly titled measures of other companies due to potential differences in the\\nmethod of calculation. As a result, the use of these metrics should not be considered in isolation from, or as a substitute for, other GAAP measures.\\nFree Cash Flow. We define free cash flow from operations as net cash provided by operating activities less capital expenditures. We believe free\\ncash flow from operations is a useful measure for investors because it portrays our ability to generate cash from our businesses for purposes such as\\nrepaying maturing debt, funding business acquisitions, repurchasing our common stock and paying dividends. We use free cash flow from operations\\nto assess the quality of our earnings and as a key performance measure in evaluating management. The following table reconciles the free cash flow\\nfrom operations with net cash provided by operating activities, as classified on the Consolidated Statement of Cash Flows in Item 8:\"},{\"bbox\":[116.7,640.9,267.7,655.7],\"lines\":[{\"bbox\":[116.7,640.9,267.7,655.7],\"text\":\"Year Ended December 31\"}],\"order\":2,\"text\":\"Year Ended December 31\"},{\"bbox\":[964.4,638.9,1004.9,656.2],\"lines\":[{\"bbox\":[964.4,638.9,1004.9,656.2],\"text\":\"2018\"}],\"order\":3,\"text\":\"2018\"},{\"bbox\":[1084.3,638.9,1121.6,656.2],\"lines\":[{\"bbox\":[1084.3,638.9,1121.6,656.2],\"text\":\"2017\"}],\"order\":4,\"text\":\"2017\"},{\"bbox\":[1202.5,638.9,1239.8,656.2],\"lines\":[{\"bbox\":[1202.5,638.9,1239.8,656.2],\"text\":\"2016\"}],\"order\":5,\"text\":\"2016\"},{\"bbox\":[1320.7,638.9,1358.0,656.2],\"lines\":[{\"bbox\":[1320.7,638.9,1358.0,656.2],\"text\":\"2015\"}],\"order\":6,\"text\":\"2015\"},{\"bbox\":[1435.7,638.9,1479.5,656.2],\"lines\":[{\"bbox\":[1435.7,638.9,1479.5,656.2],\"text\":\"2014*\"}],\"order\":7,\"text\":\"2014*\"},{\"bbox\":[116.7,683.1,452.5,704.2],\"lines\":[{\"bbox\":[116.7,683.1,452.5,704.2],\"text\":\"Net cash provided by operating activities\"}],\"order\":8,\"text\":\"Net cash provided by operating activities\"},{\"bbox\":[953.5,683.1,1015.8,704.2],\"lines\":[{\"bbox\":[953.5,683.1,1015.8,704.2],\"text\":\"$3,148\"}],\"order\":9,\"text\":\"$3,148\"},{\"bbox\":[1071.7,683.1,1134.0,704.2],\"lines\":[{\"bbox\":[1071.7,683.1,1134.0,704.2],\"text\":\"$3,876\"}],\"order\":10,\"text\":\"$3,876\"},{\"bbox\":[1189.8,683.1,1252.2,704.2],\"lines\":[{\"bbox\":[1189.8,683.1,1252.2,704.2],\"text\":\"$2,163\"}],\"order\":11,\"text\":\"$2,163\"},{\"bbox\":[1308.0,683.1,1370.4,704.2],\"lines\":[{\"bbox\":[1308.0,683.1,1370.4,704.2],\"text\":\"$2,607\"}],\"order\":12,\"text\":\"$2,607\"},{\"bbox\":[1426.2,683.1,1488.6,704.2],\"lines\":[{\"bbox\":[1426.2,683.1,1488.6,704.2],\"text\":\"$3,830\"}],\"order\":13,\"text\":\"$3,830\"},{\"bbox\":[976.7,719.3,1021.1,740.3],\"lines\":[{\"bbox\":[976.7,719.3,1021.1,740.3],\"text\":\"(690)\"}],\"order\":14,\"text\":\"(690)\"},{\"bbox\":[1094.8,719.3,1139.3,740.3],\"lines\":[{\"bbox\":[1094.8,719.3,1139.3,740.3],\"text\":\"(428)\"}],\"order\":15,\"text\":\"(428)\"},{\"bbox\":[1213.0,719.3,1257.5,740.3],\"lines\":[{\"bbox\":[1213.0,719.3,1257.5,740.3],\"text\":\"(392)\"}],\"order\":16,\"text\":\"(392)\"},{\"bbox\":[1331.2,719.3,1375.7,740.3],\"lines\":[{\"bbox\":[1331.2,719.3,1375.7,740.3],\"text\":\"(569)\"}],\"order\":17,\"text\":\"(569)\"},{\"bbox\":[1449.4,719.3,1493.9,740.3],\"lines\":[{\"bbox\":[1449.4,719.3,1493.9,740.3],\"text\":\"(521)\"}],\"order\":18,\"text\":\"(521)\"},{\"bbox\":[953.5,766.5,1015.8,787.5],\"lines\":[{\"bbox\":[953.5,766.5,1015.8,787.5],\"text\":\"$2,458\"}],\"order\":19,\"text\":\"$2,458\"},{\"bbox\":[1071.7,766.5,1134.0,787.5],\"lines\":[{\"bbox\":[1071.7,766.5,1134.0,787.5],\"text\":\"$3,448\"}],\"order\":20,\"text\":\"$3,448\"},{\"bbox\":[1189.8,766.5,1252.2,787.5],\"lines\":[{\"bbox\":[1189.8,766.5,1252.2,787.5],\"text\":\"$1,771\"}],\"order\":21,\"text\":\"$1,771\"},{\"bbox\":[1308.0,766.5,1370.4,787.5],\"lines\":[{\"bbox\":[1308.0,766.5,1370.4,787.5],\"text\":\"$2,038\"}],\"order\":22,\"text\":\"$2,038\"},{\"bbox\":[1426.2,766.5,1488.6,787.5],\"lines\":[{\"bbox\":[1426.2,766.5,1488.6,787.5],\"text\":\"$3,309\"}],\"order\":23,\"text\":\"$3,309\"},{\"bbox\":[116.7,719.3,285.9,740.3],\"lines\":[{\"bbox\":[116.7,719.3,285.9,740.3],\"text\":\"Capital expenditures\"}],\"order\":24,\"text\":\"Capital expenditures\"},{\"bbox\":[116.7,766.5,374.6,787.5],\"lines\":[{\"bbox\":[116.7,766.5,374.6,787.5],\"text\":\"Free cash flow from operations\"}],\"order\":25,\"text\":\"Free cash flow from operations\"},{\"bbox\":[116.7,816.5,679.2,837.5],\"lines\":[{\"bbox\":[116.7,816.5,679.2,837.5],\"text\":\"Cash flows as a percentage of earnings from continuing operations:\"}],\"order\":26,\"text\":\"Cash flows as a percentage of earnings from continuing operations:\"},{\"bbox\":[140.3,852.6,476.1,873.6],\"lines\":[{\"bbox\":[140.3,852.6,476.1,873.6],\"text\":\"Net cash provided by operating activities\"}],\"order\":27,\"text\":\"Net cash provided by operating activities\"},{\"bbox\":[993.3,852.6,1033.0,873.6],\"lines\":[{\"bbox\":[993.3,852.6,1033.0,873.6],\"text\":\"94%\"}],\"order\":28,\"text\":\"94%\"},{\"bbox\":[1100.1,852.6,1151.2,873.6],\"lines\":[{\"bbox\":[1100.1,852.6,1151.2,873.6],\"text\":\"133%\"}],\"order\":29,\"text\":\"133%\"},{\"bbox\":[1229.7,852.6,1269.4,873.6],\"lines\":[{\"bbox\":[1229.7,852.6,1269.4,873.6],\"text\":\"81%\"}],\"order\":30,\"text\":\"81%\"},{\"bbox\":[1347.9,852.6,1387.6,873.6],\"lines\":[{\"bbox\":[1347.9,852.6,1387.6,873.6],\"text\":\"86%\"}],\"order\":31,\"text\":\"86%\"},{\"bbox\":[1454.7,852.6,1505.8,873.6],\"lines\":[{\"bbox\":[1454.7,852.6,1505.8,873.6],\"text\":\"143%\"}],\"order\":32,\"text\":\"143%\"},{\"bbox\":[140.3,888.7,398.2,909.7],\"lines\":[{\"bbox\":[140.3,888.7,398.2,909.7],\"text\":\"Free cash flow from operations\"}],\"order\":33,\"text\":\"Free cash flow from operations\"},{\"bbox\":[993.3,888.7,1033.0,909.7],\"lines\":[{\"bbox\":[993.3,888.7,1033.0,909.7],\"text\":\"73%\"}],\"order\":34,\"text\":\"73%\"},{\"bbox\":[1100.1,888.7,1151.2,909.7],\"lines\":[{\"bbox\":[1100.1,888.7,1151.2,909.7],\"text\":\"118%\"}],\"order\":35,\"text\":\"118%\"},{\"bbox\":[1229.7,888.7,1269.4,909.7],\"lines\":[{\"bbox\":[1229.7,888.7,1269.4,909.7],\"text\":\"66%\"}],\"order\":36,\"text\":\"66%\"},{\"bbox\":[1347.9,888.7,1387.6,909.7],\"lines\":[{\"bbox\":[1347.9,888.7,1387.6,909.7],\"text\":\"67%\"}],\"order\":37,\"text\":\"67%\"},{\"bbox\":[1454.7,888.7,1505.8,909.7],\"lines\":[{\"bbox\":[1454.7,888.7,1505.8,909.7],\"text\":\"124%\"}],\"order\":38,\"text\":\"124%\"},{\"bbox\":[116.7,947.2,1120.5,964.5],\"lines\":[{\"bbox\":[116.7,947.2,1120.5,964.5],\"text\":\"* 2014 information has not been restated for ASC Topic 606 and is, therefore, not comparable to the 2018, 2017, 2016 and 2015 information.\"}],\"order\":39,\"text\":\"* 2014 information has not been restated for ASC Topic 606 and is, therefore, not comparable to the 2018, 2017, 2016 and 2015 information.\"},{\"bbox\":[116.7,1006.2,1516.8,1263.0],\"lines\":[{\"bbox\":[143.1,1006.2,1516.7,1029.6],\"text\":\"Return on Invested Capital. We believe ROIC is a useful measure for investors because it reflects our ability to generate returns from the capital\"},{\"bbox\":[116.7,1045.0,1516.7,1068.5],\"text\":\"we have deployed in our operations. We use ROIC to evaluate investment decisions and as a performance measure in evaluating management. We\"},{\"bbox\":[116.7,1083.9,1516.7,1107.4],\"text\":\"define ROIC as net operating profit after taxes divided by average invested capital. Net operating profit after taxes is defined as earnings from\"},{\"bbox\":[116.7,1122.8,1516.7,1146.3],\"text\":\"continuing operations plus after-tax interest and amortization expense, calculated using the statutory federal income tax rate. Average invested capital\"},{\"bbox\":[116.7,1161.7,1516.8,1185.2],\"text\":\"is defined as the sum of the average debt and shareholders’ equity excluding accumulated other comprehensive loss. ROIC excludes goodwill\"},{\"bbox\":[116.7,1200.6,1087.2,1224.1],\"text\":\"impairments and non-economic accounting changes as they are not reflective of company performance.\"},{\"bbox\":[143.1,1239.5,417.2,1263.0],\"text\":\"ROIC is calculated as follows:\"}],\"order\":40,\"text\":\"Return on Invested Capital. We believe ROIC is a useful measure for investors because it reflects our ability to generate returns from the capital\\nwe have deployed in our operations. We use ROIC to evaluate investment decisions and as a performance measure in evaluating management. We\\ndefine ROIC as net operating profit after taxes divided by average invested capital. Net operating profit after taxes is defined as earnings from\\ncontinuing operations plus after-tax interest and amortization expense, calculated using the statutory federal income tax rate. Average invested capital\\nis defined as the sum of the average debt and shareholders’ equity excluding accumulated other comprehensive loss. ROIC excludes goodwill\\nimpairments and non-economic accounting changes as they are not reflective of company performance.\\nROIC is calculated as follows:\"},{\"bbox\":[116.7,1307.5,267.7,1322.4],\"lines\":[{\"bbox\":[116.7,1307.5,267.7,1322.4],\"text\":\"Year Ended December 31\"}],\"order\":41,\"text\":\"Year Ended December 31\"},{\"bbox\":[116.7,1349.8,416.8,1370.8],\"lines\":[{\"bbox\":[116.7,1349.8,416.8,1370.8],\"text\":\"Earnings from continuing operations\"}],\"order\":42,\"text\":\"Earnings from continuing operations\"},{\"bbox\":[913.2,1305.6,953.6,1322.9],\"lines\":[{\"bbox\":[913.2,1305.6,953.6,1322.9],\"text\":\"2018\"}],\"order\":43,\"text\":\"2018\"},{\"bbox\":[1044.4,1305.6,1081.8,1322.9],\"lines\":[{\"bbox\":[1044.4,1305.6,1081.8,1322.9],\"text\":\"2017\"}],\"order\":44,\"text\":\"2017\"},{\"bbox\":[1174.0,1305.6,1211.4,1322.9],\"lines\":[{\"bbox\":[1174.0,1305.6,1211.4,1322.9],\"text\":\"2016\"}],\"order\":45,\"text\":\"2016\"},{\"bbox\":[1303.6,1305.6,1340.9,1322.9],\"lines\":[{\"bbox\":[1303.6,1305.6,1340.9,1322.9],\"text\":\"2015\"}],\"order\":46,\"text\":\"2015\"},{\"bbox\":[1430.0,1305.6,1473.8,1322.9],\"lines\":[{\"bbox\":[1430.0,1305.6,1473.8,1322.9],\"text\":\"2014*\"}],\"order\":47,\"text\":\"2014*\"},{\"bbox\":[896.5,1349.8,970.3,1370.8],\"lines\":[{\"bbox\":[896.5,1349.8,970.3,1370.8],\"text\":\"$ 3,358\"}],\"order\":48,\"text\":\"$ 3,358\"},{\"bbox\":[1026.1,1349.8,1099.9,1370.8],\"lines\":[{\"bbox\":[1026.1,1349.8,1099.9,1370.8],\"text\":\"$ 2,912\"}],\"order\":49,\"text\":\"$ 2,912\"},{\"bbox\":[1155.7,1349.8,1229.5,1370.8],\"lines\":[{\"bbox\":[1155.7,1349.8,1229.5,1370.8],\"text\":\"$ 2,679\"}],\"order\":50,\"text\":\"$ 2,679\"},{\"bbox\":[1285.3,1349.8,1359.0,1370.8],\"lines\":[{\"bbox\":[1285.3,1349.8,1359.0,1370.8],\"text\":\"$ 3,036\"}],\"order\":51,\"text\":\"$ 3,036\"},{\"bbox\":[1414.8,1349.8,1488.6,1370.8],\"lines\":[{\"bbox\":[1414.8,1349.8,1488.6,1370.8],\"text\":\"$ 2,673\"}],\"order\":52,\"text\":\"$ 2,673\"},{\"bbox\":[116.7,1385.9,331.0,1406.9],\"lines\":[{\"bbox\":[116.7,1385.9,331.0,1406.9],\"text\":\"After-tax interest expense\"}],\"order\":53,\"text\":\"After-tax interest expense\"},{\"bbox\":[936.4,1385.9,970.4,1406.9],\"lines\":[{\"bbox\":[936.4,1385.9,970.4,1406.9],\"text\":\"295\"}],\"order\":54,\"text\":\"295\"},{\"bbox\":[1077.4,1385.9,1100.0,1406.9],\"lines\":[{\"bbox\":[1077.4,1385.9,1100.0,1406.9],\"text\":\"76\"}],\"order\":55,\"text\":\"76\"},{\"bbox\":[1206.9,1385.9,1229.6,1406.9],\"lines\":[{\"bbox\":[1206.9,1385.9,1229.6,1406.9],\"text\":\"64\"}],\"order\":56,\"text\":\"64\"},{\"bbox\":[1336.5,1385.9,1359.2,1406.9],\"lines\":[{\"bbox\":[1336.5,1385.9,1359.2,1406.9],\"text\":\"64\"}],\"order\":57,\"text\":\"64\"},{\"bbox\":[1466.1,1385.9,1488.8,1406.9],\"lines\":[{\"bbox\":[1466.1,1385.9,1488.8,1406.9],\"text\":\"67\"}],\"order\":58,\"text\":\"67\"},{\"bbox\":[116.7,1422.0,370.7,1443.0],\"lines\":[{\"bbox\":[116.7,1422.0,370.7,1443.0],\"text\":\"After-tax amortization expense\"}],\"order\":59,\"text\":\"After-tax amortization expense\"},{\"bbox\":[936.4,1422.0,970.4,1443.0],\"lines\":[{\"bbox\":[936.4,1422.0,970.4,1443.0],\"text\":\"213\"}],\"order\":60,\"text\":\"213\"},{\"bbox\":[1077.4,1422.0,1100.0,1443.0],\"lines\":[{\"bbox\":[1077.4,1422.0,1100.0,1443.0],\"text\":\"51\"}],\"order\":61,\"text\":\"51\"},{\"bbox\":[1206.9,1422.0,1229.6,1443.0],\"lines\":[{\"bbox\":[1206.9,1422.0,1229.6,1443.0],\"text\":\"57\"}],\"order\":62,\"text\":\"57\"},{\"bbox\":[1336.5,1422.0,1359.2,1443.0],\"lines\":[{\"bbox\":[1336.5,1422.0,1359.2,1443.0],\"text\":\"75\"}],\"order\":63,\"text\":\"75\"},{\"bbox\":[1466.1,1422.0,1488.8,1443.0],\"lines\":[{\"bbox\":[1466.1,1422.0,1488.8,1443.0],\"text\":\"79\"}],\"order\":64,\"text\":\"79\"},{\"bbox\":[116.7,1469.3,369.8,1490.3],\"lines\":[{\"bbox\":[116.7,1469.3,369.8,1490.3],\"text\":\"Net operating profit after taxes\"}],\"order\":65,\"text\":\"Net operating profit after taxes\"},{\"bbox\":[896.5,1469.3,970.3,1490.3],\"lines\":[{\"bbox\":[896.5,1469.3,970.3,1490.3],\"text\":\"$ 3,866\"}],\"order\":66,\"text\":\"$ 3,866\"},{\"bbox\":[1026.1,1469.3,1099.9,1490.3],\"lines\":[{\"bbox\":[1026.1,1469.3,1099.9,1490.3],\"text\":\"$ 3,039\"}],\"order\":67,\"text\":\"$ 3,039\"},{\"bbox\":[1155.7,1469.3,1229.5,1490.3],\"lines\":[{\"bbox\":[1155.7,1469.3,1229.5,1490.3],\"text\":\"$ 2,800\"}],\"order\":68,\"text\":\"$ 2,800\"},{\"bbox\":[1285.3,1469.3,1359.0,1490.3],\"lines\":[{\"bbox\":[1285.3,1469.3,1359.0,1490.3],\"text\":\"$ 3,175\"}],\"order\":69,\"text\":\"$ 3,175\"},{\"bbox\":[1414.8,1469.3,1488.6,1490.3],\"lines\":[{\"bbox\":[1414.8,1469.3,1488.6,1490.3],\"text\":\"$ 2,819\"}],\"order\":70,\"text\":\"$ 2,819\"},{\"bbox\":[116.7,1505.4,318.9,1526.4],\"lines\":[{\"bbox\":[116.7,1505.4,318.9,1526.4],\"text\":\"Average invested capital\"}],\"order\":71,\"text\":\"Average invested capital\"},{\"bbox\":[896.5,1505.4,970.2,1526.4],\"lines\":[{\"bbox\":[896.5,1505.4,970.2,1526.4],\"text\":\"$25,367\"}],\"order\":72,\"text\":\"$25,367\"},{\"bbox\":[1026.1,1505.4,1099.8,1526.4],\"lines\":[{\"bbox\":[1026.1,1505.4,1099.8,1526.4],\"text\":\"$18,099\"}],\"order\":73,\"text\":\"$18,099\"},{\"bbox\":[1155.7,1505.4,1229.3,1526.4],\"lines\":[{\"bbox\":[1155.7,1505.4,1229.3,1526.4],\"text\":\"$17,168\"}],\"order\":74,\"text\":\"$17,168\"},{\"bbox\":[1285.3,1505.4,1358.9,1526.4],\"lines\":[{\"bbox\":[1285.3,1505.4,1358.9,1526.4],\"text\":\"$17,579\"}],\"order\":75,\"text\":\"$17,579\"},{\"bbox\":[1414.8,1505.4,1488.5,1526.4],\"lines\":[{\"bbox\":[1414.8,1505.4,1488.5,1526.4],\"text\":\"$18,673\"}],\"order\":76,\"text\":\"$18,673\"},{\"bbox\":[116.7,1552.6,332.4,1573.6],\"lines\":[{\"bbox\":[116.7,1552.6,332.4,1573.6],\"text\":\"Return on invested capital\"}],\"order\":77,\"text\":\"Return on invested capital\"},{\"bbox\":[930.7,1552.6,987.4,1573.6],\"lines\":[{\"bbox\":[930.7,1552.6,987.4,1573.6],\"text\":\"15.2%\"}],\"order\":78,\"text\":\"15.2%\"},{\"bbox\":[1060.3,1552.6,1117.0,1573.6],\"lines\":[{\"bbox\":[1060.3,1552.6,1117.0,1573.6],\"text\":\"16.8%\"}],\"order\":79,\"text\":\"16.8%\"},{\"bbox\":[1189.9,1552.6,1246.6,1573.6],\"lines\":[{\"bbox\":[1189.9,1552.6,1246.6,1573.6],\"text\":\"16.3%\"}],\"order\":80,\"text\":\"16.3%\"},{\"bbox\":[1319.4,1552.6,1376.2,1573.6],\"lines\":[{\"bbox\":[1319.4,1552.6,1376.2,1573.6],\"text\":\"18.1%\"}],\"order\":81,\"text\":\"18.1%\"},{\"bbox\":[1449.0,1552.6,1505.7,1573.6],\"lines\":[{\"bbox\":[1449.0,1552.6,1505.7,1573.6],\"text\":\"15.1%\"}],\"order\":82,\"text\":\"15.1%\"},{\"bbox\":[116.7,1611.1,1120.5,1628.4],\"lines\":[{\"bbox\":[116.7,1611.1,1120.5,1628.4],\"text\":\"* 2014 information has not been restated for ASC Topic 606 and is, therefore, not comparable to the 2018, 2017, 2016 and 2015 information.\"}],\"order\":83,\"text\":\"* 2014 information has not been restated for ASC Topic 606 and is, therefore, not comparable to the 2018, 2017, 2016 and 2015 information.\"},{\"bbox\":[1187.6,2044.4,1456.4,2061.8],\"lines\":[{\"bbox\":[1187.6,2044.4,1456.4,2061.8],\"text\":\"General Dynamics Annual Report 2018\"}],\"order\":84,\"text\":\"General Dynamics Annual Report 2018\"},{\"bbox\":[1498.0,2044.4,1516.7,2061.8],\"lines\":[{\"bbox\":[1498.0,2044.4,1516.7,2061.8],\"text\":\"35\"}],\"order\":85,\"text\":\"35\"}],\"doc\":\"fintabnet:GD_2018\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"NON-GAAP FINANCIAL MEASURES\\n\\nWe emphasize the efficient conversion of net earnings into cash and the deployment of that cash to maximize shareholder returns. As described\\nbelow, we use free cash flow from operations and return on invested capital (ROIC) to measure our performance in these areas. While we believe\\nthese metrics provide useful information, they are not defined operating measures under GAAP, and there are limitations associated with their use.\\nOur calculation of these metrics may not be completely comparable to similarly titled measures of other companies due to potential differences in the\\nmethod of calculation. As a result, the use of these metrics should not be considered in isolation from, or as a substitute for, other GAAP measures.\\nFree Cash Flow. We define free cash flow from operations as net cash provided by operating activities less capital expenditures. We believe free\\ncash flow from operations is a useful measure for investors because it portrays our ability to generate cash from our businesses for purposes such as\\nrepaying maturing debt, funding business acquisitions, repurchasing our common stock and paying dividends. We use free cash flow from operations\\nto assess the quality of our earnings and as a key performance measure in evaluating management. The following table reconciles the free cash flow\\nfrom operations with net cash provided by operating activities, as classified on the Consolidated Statement of Cash Flows in Item 8:\\n\\nYear Ended December 31\\n\\n2018\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n2014*\\n\\nNet cash provided by operating activities\\n\\n$3,148\\n\\n$3,876\\n\\n$2,163\\n\\n$2,607\\n\\n$3,830\\n\\n(690)\\n\\n(428)\\n\\n(392)\\n\\n(569)\\n\\n(521)\\n\\n$2,458\\n\\n$3,448\\n\\n$1,771\\n\\n$2,038\\n\\n$3,309\\n\\nCapital expenditures\\n\\nFree cash flow from operations\\n\\nCash flows as a percentage of earnings from continuing operations:\\n\\nNet cash provided by operating activities\\n\\n94%\\n\\n133%\\n\\n81%\\n\\n86%\\n\\n143%\\n\\nFree cash flow from operations\\n\\n73%\\n\\n118%\\n\\n66%\\n\\n67%\\n\\n124%\\n\\n* 2014 information has not been restated for ASC Topic 606 and is, therefore, not comparable to the 2018, 2017, 2016 and 2015 information.\\n\\nReturn on Invested Capital. We believe ROIC is a useful measure for investors because it reflects our ability to generate returns from the capital\\nwe have deployed in our operations. We use ROIC to evaluate investment decisions and as a performance measure in evaluating management. We\\ndefine ROIC as net operating profit after taxes divided by average invested capital. Net operating profit after taxes is defined as earnings from\\ncontinuing operations plus after-tax interest and amortization expense, calculated using the statutory federal income tax rate. Average invested capital\\nis defined as the sum of the average debt and shareholders’ equity excluding accumulated other comprehensive loss. ROIC excludes goodwill\\nimpairments and non-economic accounting changes as they are not reflective of company performance.\\nROIC is calculated as follows:\\n\\nYear Ended December 31\\n\\nEarnings from continuing operations\\n\\n2018\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n2014*\\n\\n$ 3,358\\n\\n$ 2,912\\n\\n$ 2,679\\n\\n$ 3,036\\n\\n$ 2,673\\n\\nAfter-tax interest expense\\n\\n295\\n\\n76\\n\\n64\\n\\n64\\n\\n67\\n\\nAfter-tax amortization expense\\n\\n213\\n\\n51\\n\\n57\\n\\n75\\n\\n79\\n\\nNet operating profit after taxes\\n\\n$ 3,866\\n\\n$ 3,039\\n\\n$ 2,800\\n\\n$ 3,175\\n\\n$ 2,819\\n\\nAverage invested capital\\n\\n$25,367\\n\\n$18,099\\n\\n$17,168\\n\\n$17,579\\n\\n$18,673\\n\\nReturn on invested capital\\n\\n15.2%\\n\\n16.8%\\n\\n16.3%\\n\\n18.1%\\n\\n15.1%\\n\\n* 2014 information has not been restated for ASC Topic 606 and is, therefore, not comparable to the 2018, 2017, 2016 and 2015 information.\\n\\nGeneral Dynamics Annual Report 2018\\n\\n35\",\"name\":\"fintabnet.GD_2018_page_49__200dpi_none\",\"page_id\":\"fintabnet.GD_2018_page_49\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"GD_2018_page_49\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[116.7,633.8,1505.8,910.4],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38],\"cells\":null}],\"text\":\"NON-GAAP FINANCIAL MEASURES\\n\\nWe emphasize the efficient conversion of net earnings into cash and the deployment of that cash to maximize shareholder returns. As described\\nbelow, we use free cash flow from operations and return on invested capital (ROIC) to measure our performance in these areas. While we believe\\nthese metrics provide useful information, they are not defined operating measures under GAAP, and there are limitations associated with their use.\\nOur calculation of these metrics may not be completely comparable to similarly titled measures of other companies due to potential differences in the\\nmethod of calculation. As a result, the use of these metrics should not be considered in isolation from, or as a substitute for, other GAAP measures.\\nFree Cash Flow. We define free cash flow from operations as net cash provided by operating activities less capital expenditures. We believe free\\ncash flow from operations is a useful measure for investors because it portrays our ability to generate cash from our businesses for purposes such as\\nrepaying maturing debt, funding business acquisitions, repurchasing our common stock and paying dividends. We use free cash flow from operations\\nto assess the quality of our earnings and as a key performance measure in evaluating management. The following table reconciles the free cash flow\\nfrom operations with net cash provided by operating activities, as classified on the Consolidated Statement of Cash Flows in Item 8:\\n\\nYear Ended December 31\\n\\n2018\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n2014*\\n\\nNet cash provided by operating activities\\n\\n$3,148\\n\\n$3,876\\n\\n$2,163\\n\\n$2,607\\n\\n$3,830\\n\\n(690)\\n\\n(428)\\n\\n(392)\\n\\n(569)\\n\\n(521)\\n\\n$2,458\\n\\n$3,448\\n\\n$1,771\\n\\n$2,038\\n\\n$3,309\\n\\nCapital expenditures\\n\\nFree cash flow from operations\\n\\nCash flows as a percentage of earnings from continuing operations:\\n\\nNet cash provided by operating activities\\n\\n94%\\n\\n133%\\n\\n81%\\n\\n86%\\n\\n143%\\n\\nFree cash flow from operations\\n\\n73%\\n\\n118%\\n\\n66%\\n\\n67%\\n\\n124%\\n\\n* 2014 information has not been restated for ASC Topic 606 and is, therefore, not comparable to the 2018, 2017, 2016 and 2015 information.\\n\\nReturn on Invested Capital. We believe ROIC is a useful measure for investors because it reflects our ability to generate returns from the capital\\nwe have deployed in our operations. We use ROIC to evaluate investment decisions and as a performance measure in evaluating management. We\\ndefine ROIC as net operating profit after taxes divided by average invested capital. Net operating profit after taxes is defined as earnings from\\ncontinuing operations plus after-tax interest and amortization expense, calculated using the statutory federal income tax rate. Average invested capital\\nis defined as the sum of the average debt and shareholders’ equity excluding accumulated other comprehensive loss. ROIC excludes goodwill\\nimpairments and non-economic accounting changes as they are not reflective of company performance.\\nROIC is calculated as follows:\\n\\nYear Ended December 31\\n\\nEarnings from continuing operations\\n\\n2018\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n2014*\\n\\n$ 3,358\\n\\n$ 2,912\\n\\n$ 2,679\\n\\n$ 3,036\\n\\n$ 2,673\\n\\nAfter-tax interest expense\\n\\n295\\n\\n76\\n\\n64\\n\\n64\\n\\n67\\n\\nAfter-tax amortization expense\\n\\n213\\n\\n51\\n\\n57\\n\\n75\\n\\n79\\n\\nNet operating profit after taxes\\n\\n$ 3,866\\n\\n$ 3,039\\n\\n$ 2,800\\n\\n$ 3,175\\n\\n$ 2,819\\n\\nAverage invested capital\\n\\n$25,367\\n\\n$18,099\\n\\n$17,168\\n\\n$17,579\\n\\n$18,673\\n\\nReturn on invested capital\\n\\n15.2%\\n\\n16.8%\\n\\n16.3%\\n\\n18.1%\\n\\n15.1%\\n\\n* 2014 information has not been restated for ASC Topic 606 and is, therefore, not comparable to the 2018, 2017, 2016 and 2015 information.\\n\\nGeneral Dynamics Annual Report 2018\\n\\n35\"},\"name\":\"fintabnet.GD_2018_page_49__200dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":206639,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:GD_2018\",\"dpi\":200,\"gt_sha256\":\"6fb4beac1b699a51eb05a14f71dc3d1c3f35a0d307cc6473cde23e587de4b4bb\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GD_2018_page_49__200dpi_none\",\"page\":1,\"page_id\":\"fintabnet.GD_2018_page_49\",\"pdf_sha256\":\"6926778049883e559542dff3990b6f6500f587e812727a34c3ec7a30e63e7712\",\"px\":[1650,2150],\"scan\":{\"render\":\"000070007ffe7ffe7ffe787e7c647ffc7ffe7ffe704070fe0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"GD_2018_page_49\",\"src\":{\"file_sha256\":\"94c6331097464cb9405006a99c60488cab77663047e139824d0e1b15e92f4fc3\",\"render\":\"000070007ffe7ffe7ffe7ffe7c407ffc7ffe70fc70f47ffe0000000000000000\",\"text\":\"37a59f069545e587aea397ec5a528bc3db4037c1b17f8808150246d163aae972\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"6926778049883e559542dff3990b6f6500f587e812727a34c3ec7a30e63e7712\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/6926778049883e559542dff3990b6f6500f587e812727a34c3ec7a30e63e7712.pdf","asset_sha256":"6926778049883e559542dff3990b6f6500f587e812727a34c3ec7a30e63e7712","document_id":"fintabnet:GD_2018","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GD_2018_page_49\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GIS_2005_page_59\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:GIS_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[85.4,195.0,340.3,222.8],\"lines\":[{\"bbox\":[85.4,195.0,340.3,222.8],\"text\":\"5. Goodwill and Intangible Assets\"}],\"order\":0,\"text\":\"5. Goodwill and Intangible Assets\"},{\"bbox\":[86.9,228.1,419.3,271.5],\"lines\":[{\"bbox\":[86.9,228.1,418.6,254.8],\"text\":\"The components of goodwill and other intangible assets\"},{\"bbox\":[87.6,255.1,170.5,271.5],\"text\":\"are as follows:\"}],\"order\":1,\"text\":\"The components of goodwill and other intangible assets\\nare as follows:\"},{\"bbox\":[89.1,293.6,134.1,305.6],\"lines\":[{\"bbox\":[89.1,293.6,134.1,305.6],\"text\":\"In Millions\"}],\"order\":2,\"text\":\"In Millions\"},{\"bbox\":[321.5,272.5,357.5,295.9],\"lines\":[{\"bbox\":[321.5,272.5,357.0,284.1],\"text\":\"May 29,\"},{\"bbox\":[335.5,284.3,357.5,295.3],\"text\":\"2005\"}],\"order\":3,\"text\":\"May 29,\\n2005\"},{\"bbox\":[390.0,269.7,426.0,293.0],\"lines\":[{\"bbox\":[390.0,269.7,425.5,281.2],\"text\":\"May 30,\"},{\"bbox\":[404.1,281.5,426.0,292.4],\"text\":\"2004\"}],\"order\":4,\"text\":\"May 30,\\n2004\"},{\"bbox\":[89.8,309.0,135.9,322.1],\"lines\":[{\"bbox\":[89.8,309.0,135.9,322.1],\"text\":\"Goodwill\"}],\"order\":5,\"text\":\"Goodwill\"},{\"bbox\":[319.1,299.7,358.2,312.6],\"lines\":[{\"bbox\":[319.1,299.7,358.2,312.6],\"text\":\"$ 6,684\"}],\"order\":6,\"text\":\"$ 6,684\"},{\"bbox\":[387.6,296.9,426.7,309.7],\"lines\":[{\"bbox\":[387.6,296.9,426.7,309.7],\"text\":\"$ 6,684\"}],\"order\":7,\"text\":\"$ 6,684\"},{\"bbox\":[334.1,374.8,362.0,403.9],\"lines\":[{\"bbox\":[334.1,374.8,361.3,387.2],\"text\":\"3,516\"},{\"bbox\":[355.6,391.5,362.0,403.0],\"text\":\"3\"}],\"order\":8,\"text\":\"3,516\\n3\"},{\"bbox\":[402.6,372.0,430.5,401.0],\"lines\":[{\"bbox\":[402.6,372.0,429.8,384.3],\"text\":\"3,516\"},{\"bbox\":[424.1,388.7,430.5,400.2],\"text\":\"6\"}],\"order\":9,\"text\":\"3,516\\n6\"},{\"bbox\":[336.2,424.9,363.4,437.2],\"lines\":[{\"bbox\":[336.2,424.9,363.4,437.2],\"text\":\"3,519\"}],\"order\":10,\"text\":\"3,519\"},{\"bbox\":[404.7,422.0,431.9,434.4],\"lines\":[{\"bbox\":[404.7,422.0,431.9,434.4],\"text\":\"3,522\"}],\"order\":11,\"text\":\"3,522\"},{\"bbox\":[344.2,474.7,369.1,503.7],\"lines\":[{\"bbox\":[347.2,474.8,365.5,486.8],\"text\":\"221\"},{\"bbox\":[344.9,491.4,369.1,503.7],\"text\":\"(104)\"}],\"order\":12,\"text\":\"221\\n(104)\"},{\"bbox\":[415.7,471.9,437.7,500.7],\"lines\":[{\"bbox\":[415.7,472.0,434.0,484.0],\"text\":\"197\"},{\"bbox\":[419.4,488.6,437.7,500.6],\"text\":\"(78)\"}],\"order\":13,\"text\":\"197\\n(78)\"},{\"bbox\":[340.4,524.9,368.3,554.0],\"lines\":[{\"bbox\":[349.3,524.9,367.6,536.9],\"text\":\"117\"},{\"bbox\":[341.1,541.6,368.2,554.0],\"text\":\"3,636\"}],\"order\":14,\"text\":\"117\\n3,636\"},{\"bbox\":[408.9,522.0,436.8,551.1],\"lines\":[{\"bbox\":[417.8,522.0,436.1,534.0],\"text\":\"119\"},{\"bbox\":[409.6,538.8,436.8,551.1],\"text\":\"3,641\"}],\"order\":15,\"text\":\"119\\n3,641\"},{\"bbox\":[330.6,575.0,369.6,587.8],\"lines\":[{\"bbox\":[330.6,575.0,369.6,587.8],\"text\":\"$10,320\"}],\"order\":16,\"text\":\"$10,320\"},{\"bbox\":[399.1,572.1,438.2,585.0],\"lines\":[{\"bbox\":[399.1,572.1,438.2,585.0],\"text\":\"$10,325\"}],\"order\":17,\"text\":\"$10,325\"},{\"bbox\":[90.8,327.9,295.0,597.4],\"lines\":[{\"bbox\":[90.8,330.8,214.4,347.2],\"text\":\"Other Intangible Assets:\"},{\"bbox\":[102.6,345.6,262.1,363.4],\"text\":\"Intangible assets not subject to\"},{\"bbox\":[114.4,365.7,178.1,379.6],\"text\":\"amortization\"},{\"bbox\":[115.1,383.6,150.7,396.3],\"text\":\"Brands\"},{\"bbox\":[115.8,397.9,210.5,413.0],\"text\":\"Pension intangible\"},{\"bbox\":[116.5,411.9,276.0,429.7],\"text\":\"Intangible assets not subject to\"},{\"bbox\":[128.2,432.0,192.0,445.9],\"text\":\"amortization\"},{\"bbox\":[106.8,446.5,246.1,463.5],\"text\":\"Intangible assets subject to\"},{\"bbox\":[118.5,461.3,290.1,479.7],\"text\":\"amortization, primarily capitalized\"},{\"bbox\":[119.2,483.3,162.5,496.3],\"text\":\"software\"},{\"bbox\":[108.9,495.7,266.1,513.5],\"text\":\"Less accumulated amortization\"},{\"bbox\":[120.6,512.7,259.9,529.8],\"text\":\"Intangible assets subject to\"},{\"bbox\":[132.4,532.0,196.1,545.9],\"text\":\"amortization\"},{\"bbox\":[99.9,546.6,248.3,564.0],\"text\":\"Total Other Intangible Assets\"},{\"bbox\":[100.6,561.8,284.6,580.7],\"text\":\"Total Goodwill and Other Intangible\"},{\"bbox\":[112.3,584.3,145.4,596.9],\"text\":\"Assets\"}],\"order\":18,\"text\":\"Other Intangible Assets:\\nIntangible assets not subject to\\namortization\\nBrands\\nPension intangible\\nIntangible assets not subject to\\namortization\\nIntangible assets subject to\\namortization, primarily capitalized\\nsoftware\\nLess accumulated amortization\\nIntangible assets subject to\\namortization\\nTotal Other Intangible Assets\\nTotal Goodwill and Other Intangible\\nAssets\"},{\"bbox\":[102.2,596.2,417.3,638.9],\"lines\":[{\"bbox\":[116.1,596.2,416.6,621.7],\"text\":\"The changes in the carrying amount of goodwill for\"},{\"bbox\":[102.9,616.0,341.2,638.9],\"text\":\"fiscal 2003, 2004 and 2005 are as follows:\"}],\"order\":19,\"text\":\"The changes in the carrying amount of goodwill for\\nfiscal 2003, 2004 and 2005 are as follows:\"},{\"bbox\":[105.4,684.6,150.5,696.6],\"lines\":[{\"bbox\":[105.4,684.6,150.5,696.6],\"text\":\"In Millions\"}],\"order\":20,\"text\":\"In Millions\"},{\"bbox\":[106.1,695.5,265.9,830.2],\"lines\":[{\"bbox\":[106.1,696.8,229.3,713.1],\"text\":\"Balance at May 26, 2002\"},{\"bbox\":[117.9,712.2,261.7,729.4],\"text\":\"Activity including translation\"},{\"bbox\":[118.6,730.0,236.7,746.1],\"text\":\"Allocation to segments\"},{\"bbox\":[108.2,746.9,231.4,763.3],\"text\":\"Balance at May 25, 2003\"},{\"bbox\":[120.0,762.3,263.8,779.6],\"text\":\"Activity including translation\"},{\"bbox\":[109.6,780.4,232.8,796.7],\"text\":\"Balance at May 30, 2004\"},{\"bbox\":[121.3,795.8,265.2,813.0],\"text\":\"Activity including translation\"},{\"bbox\":[111.0,813.8,234.2,830.2],\"text\":\"Balance at May 29, 2005\"}],\"order\":21,\"text\":\"Balance at May 26, 2002\\nActivity including translation\\nAllocation to segments\\nBalance at May 25, 2003\\nActivity including translation\\nBalance at May 30, 2004\\nActivity including translation\\nBalance at May 29, 2005\"},{\"bbox\":[317.2,675.8,362.8,687.7],\"lines\":[{\"bbox\":[317.2,675.8,362.8,687.7],\"text\":\"U.S. Retail\"}],\"order\":22,\"text\":\"U.S. Retail\"},{\"bbox\":[419.2,659.3,476.6,683.4],\"lines\":[{\"bbox\":[419.2,659.3,476.1,671.7],\"text\":\"Bakeries and\"},{\"bbox\":[422.6,671.0,476.6,683.3],\"text\":\"Foodservice\"}],\"order\":23,\"text\":\"Bakeries and\\nFoodservice\"},{\"bbox\":[330.3,691.1,371.3,820.8],\"lines\":[{\"bbox\":[330.3,691.2,363.4,703.8],\"text\":\"$ 745\"},{\"bbox\":[357.9,707.9,364.1,719.4],\"text\":\"–\"},{\"bbox\":[337.6,724.6,364.8,737.0],\"text\":\"4,279\"},{\"bbox\":[338.3,741.3,365.5,753.7],\"text\":\"5,024\"},{\"bbox\":[360.0,758.1,366.2,769.5],\"text\":\"–\"},{\"bbox\":[339.7,774.8,366.9,787.1],\"text\":\"5,024\"},{\"bbox\":[352.3,791.4,370.6,803.4],\"text\":\"(22)\"},{\"bbox\":[335.2,808.2,368.3,820.8],\"text\":\"$5,002\"}],\"order\":24,\"text\":\"$ 745\\n–\\n4,279\\n5,024\\n–\\n5,024\\n(22)\\n$5,002\"},{\"bbox\":[111.9,828.2,451.5,988.1],\"lines\":[{\"bbox\":[125.8,828.5,439.7,854.5],\"text\":\"The Pillsbury acquisition valuation and purchase price\"},{\"bbox\":[112.6,846.1,416.7,871.7],\"text\":\"allocation was recorded in fiscal 2002 and 2003. The\"},{\"bbox\":[113.3,861.6,443.4,888.3],\"text\":\"activity during fiscal 2003 primarily reflects the allocation\"},{\"bbox\":[114.0,878.9,427.3,904.9],\"text\":\"of the purchase price to brand intangibles, net of tax,\"},{\"bbox\":[114.7,896.1,415.9,921.6],\"text\":\"and the contingent value rights payment to Diageo\"},{\"bbox\":[115.4,911.3,449.4,938.2],\"text\":\"related to the Pillsbury acquisition. Future purchase price\"},{\"bbox\":[116.1,928.4,440.5,954.8],\"text\":\"adjustments to goodwill may occur upon the resolution\"},{\"bbox\":[116.8,947.3,386.2,971.4],\"text\":\"of certain income tax accounting matters. See\"},{\"bbox\":[117.5,967.9,291.5,988.1],\"text\":\"Note Sixteen – Income Taxes.\"}],\"order\":25,\"text\":\"The Pillsbury acquisition valuation and purchase price\\nallocation was recorded in fiscal 2002 and 2003. The\\nactivity during fiscal 2003 primarily reflects the allocation\\nof the purchase price to brand intangibles, net of tax,\\nand the contingent value rights payment to Diageo\\nrelated to the Pillsbury acquisition. Future purchase price\\nadjustments to goodwill may occur upon the resolution\\nof certain income tax accounting matters. See\\nNote Sixteen – Income Taxes.\"},{\"bbox\":[444.1,687.6,450.5,699.0],\"lines\":[{\"bbox\":[444.1,687.6,450.5,699.0],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[444.1,686.3,485.1,816.1],\"lines\":[{\"bbox\":[464.9,686.4,477.2,698.2],\"text\":\"59\"},{\"bbox\":[471.7,703.2,477.9,714.6],\"text\":\"–\"},{\"bbox\":[451.4,719.9,478.6,732.2],\"text\":\"1,146\"},{\"bbox\":[452.1,736.6,479.3,749.0],\"text\":\"1,205\"},{\"bbox\":[473.8,753.3,480.0,764.8],\"text\":\"–\"},{\"bbox\":[453.5,770.0,480.7,782.4],\"text\":\"1,205\"},{\"bbox\":[472.0,786.6,484.4,798.4],\"text\":\"(4)\"},{\"bbox\":[449.0,803.5,482.1,816.1],\"text\":\"$1,201\"}],\"order\":27,\"text\":\"59\\n–\\n1,146\\n1,205\\n–\\n1,205\\n(4)\\n$1,201\"},{\"bbox\":[533.5,666.3,589.4,678.7],\"lines\":[{\"bbox\":[533.5,666.3,589.4,678.7],\"text\":\"International\"}],\"order\":28,\"text\":\"International\"},{\"bbox\":[565.8,682.5,572.2,694.0],\"lines\":[{\"bbox\":[565.8,682.5,572.2,694.0],\"text\":\"$\"}],\"order\":29,\"text\":\"$\"},{\"bbox\":[565.8,681.7,594.9,811.0],\"lines\":[{\"bbox\":[583.8,681.7,590.0,693.2],\"text\":\"–\"},{\"bbox\":[578.4,698.5,590.7,710.2],\"text\":\"10\"},{\"bbox\":[573.1,715.2,591.4,727.2],\"text\":\"411\"},{\"bbox\":[573.8,731.9,592.1,743.9],\"text\":\"421\"},{\"bbox\":[580.5,748.6,592.8,760.3],\"text\":\"34\"},{\"bbox\":[575.2,765.3,593.5,777.3],\"text\":\"455\"},{\"bbox\":[581.9,782.0,594.2,793.8],\"text\":\"26\"},{\"bbox\":[570.7,798.8,594.9,811.0],\"text\":\"$481\"}],\"order\":30,\"text\":\"–\\n10\\n411\\n421\\n34\\n455\\n26\\n$481\"},{\"bbox\":[644.8,625.9,710.7,674.0],\"lines\":[{\"bbox\":[672.0,625.9,709.2,637.5],\"text\":\"Pillsbury\"},{\"bbox\":[657.1,637.7,709.8,650.0],\"text\":\"Unallocated\"},{\"bbox\":[680.2,649.5,710.2,660.8],\"text\":\"Excess\"},{\"bbox\":[646.3,661.3,710.7,674.0],\"text\":\"Purchase Price\"}],\"order\":31,\"text\":\"Pillsbury\\nUnallocated\\nExcess\\nPurchase Price\"},{\"bbox\":[782.1,657.4,803.7,668.3],\"lines\":[{\"bbox\":[782.1,657.4,803.7,668.3],\"text\":\"Total\"}],\"order\":32,\"text\":\"Total\"},{\"bbox\":[675.3,676.6,719.2,806.4],\"lines\":[{\"bbox\":[675.3,676.7,711.4,689.4],\"text\":\"$ 7,669\"},{\"bbox\":[681.9,693.3,715.0,705.9],\"text\":\"(1,833)\"},{\"bbox\":[682.6,710.0,715.7,722.6],\"text\":\"(5,836)\"},{\"bbox\":[707.3,726.8,713.5,738.3],\"text\":\"–\"},{\"bbox\":[708.0,743.5,714.2,755.0],\"text\":\"–\"},{\"bbox\":[708.7,760.3,714.9,771.7],\"text\":\"–\"},{\"bbox\":[709.4,777.0,715.6,788.5],\"text\":\"–\"},{\"bbox\":[680.1,794.9,686.6,806.4],\"text\":\"$\"},{\"bbox\":[710.1,793.7,716.3,805.2],\"text\":\"–\"}],\"order\":33,\"text\":\"$ 7,669\\n(1,833)\\n(5,836)\\n–\\n–\\n–\\n–\\n$\\n–\"},{\"bbox\":[768.3,672.7,812.2,802.6],\"lines\":[{\"bbox\":[768.3,672.8,804.4,685.5],\"text\":\"$ 8,473\"},{\"bbox\":[774.9,689.4,808.0,702.0],\"text\":\"(1,823)\"},{\"bbox\":[799.6,706.2,805.8,717.7],\"text\":\"–\"},{\"bbox\":[779.3,722.9,806.5,735.3],\"text\":\"6,650\"},{\"bbox\":[794.8,739.7,807.2,751.4],\"text\":\"34\"},{\"bbox\":[780.7,756.4,807.9,768.7],\"text\":\"6,684\"},{\"bbox\":[802.4,773.1,808.6,784.6],\"text\":\"–\"},{\"bbox\":[773.2,789.8,809.3,802.6],\"text\":\"$ 6,684\"}],\"order\":34,\"text\":\"$ 8,473\\n(1,823)\\n–\\n6,650\\n34\\n6,684\\n–\\n$ 6,684\"},{\"bbox\":[473.3,813.1,811.5,906.5],\"lines\":[{\"bbox\":[487.2,813.2,805.6,839.4],\"text\":\"Intangible asset amortization expense was $28 million,\"},{\"bbox\":[474.0,829.7,809.4,856.6],\"text\":\"$23 million and $18 million for fiscal 2005, 2004 and 2003,\"},{\"bbox\":[474.7,846.3,810.1,873.3],\"text\":\"respectively. Estimated amortization expense for the next\"},{\"bbox\":[475.4,863.1,806.4,889.9],\"text\":\"five fiscal years (in millions) is as follows: $27 in 2006, $22\"},{\"bbox\":[476.1,881.6,763.3,906.5],\"text\":\"in 2007, $17 in 2008, $14 in 2009 and $14 in 2010.\"}],\"order\":35,\"text\":\"Intangible asset amortization expense was $28 million,\\n$23 million and $18 million for fiscal 2005, 2004 and 2003,\\nrespectively. Estimated amortization expense for the next\\nfive fiscal years (in millions) is as follows: $27 in 2006, $22\\nin 2007, $17 in 2008, $14 in 2009 and $14 in 2010.\"},{\"bbox\":[807.8,1008.2,818.3,1018.2],\"lines\":[{\"bbox\":[807.8,1008.2,818.3,1018.2],\"text\":\"37\"}],\"order\":36,\"text\":\"37\"}],\"doc\":\"fintabnet:GIS_2005\",\"dpi\":100,\"image_px\":[850,1088],\"layout\":[],\"markdown\":\"5. Goodwill and Intangible Assets\\n\\nThe components of goodwill and other intangible assets\\nare as follows:\\n\\nIn Millions\\n\\nMay 29,\\n2005\\n\\nMay 30,\\n2004\\n\\nGoodwill\\n\\n$ 6,684\\n\\n$ 6,684\\n\\n3,516\\n3\\n\\n3,516\\n6\\n\\n3,519\\n\\n3,522\\n\\n221\\n(104)\\n\\n197\\n(78)\\n\\n117\\n3,636\\n\\n119\\n3,641\\n\\n$10,320\\n\\n$10,325\\n\\nOther Intangible Assets:\\nIntangible assets not subject to\\namortization\\nBrands\\nPension intangible\\nIntangible assets not subject to\\namortization\\nIntangible assets subject to\\namortization, primarily capitalized\\nsoftware\\nLess accumulated amortization\\nIntangible assets subject to\\namortization\\nTotal Other Intangible Assets\\nTotal Goodwill and Other Intangible\\nAssets\\n\\nThe changes in the carrying amount of goodwill for\\nfiscal 2003, 2004 and 2005 are as follows:\\n\\nIn Millions\\n\\nBalance at May 26, 2002\\nActivity including translation\\nAllocation to segments\\nBalance at May 25, 2003\\nActivity including translation\\nBalance at May 30, 2004\\nActivity including translation\\nBalance at May 29, 2005\\n\\nU.S. Retail\\n\\nBakeries and\\nFoodservice\\n\\n$ 745\\n–\\n4,279\\n5,024\\n–\\n5,024\\n(22)\\n$5,002\\n\\nThe Pillsbury acquisition valuation and purchase price\\nallocation was recorded in fiscal 2002 and 2003. The\\nactivity during fiscal 2003 primarily reflects the allocation\\nof the purchase price to brand intangibles, net of tax,\\nand the contingent value rights payment to Diageo\\nrelated to the Pillsbury acquisition. Future purchase price\\nadjustments to goodwill may occur upon the resolution\\nof certain income tax accounting matters. See\\nNote Sixteen – Income Taxes.\\n\\n$\\n\\n59\\n–\\n1,146\\n1,205\\n–\\n1,205\\n(4)\\n$1,201\\n\\nInternational\\n\\n$\\n\\n–\\n10\\n411\\n421\\n34\\n455\\n26\\n$481\\n\\nPillsbury\\nUnallocated\\nExcess\\nPurchase Price\\n\\nTotal\\n\\n$ 7,669\\n(1,833)\\n(5,836)\\n–\\n–\\n–\\n–\\n$\\n–\\n\\n$ 8,473\\n(1,823)\\n–\\n6,650\\n34\\n6,684\\n–\\n$ 6,684\\n\\nIntangible asset amortization expense was $28 million,\\n$23 million and $18 million for fiscal 2005, 2004 and 2003,\\nrespectively. Estimated amortization expense for the next\\nfive fiscal years (in millions) is as follows: $27 in 2006, $22\\nin 2007, $17 in 2008, $14 in 2009 and $14 in 2010.\\n\\n37\",\"name\":\"fintabnet.GIS_2005_page_59__100dpi_heavy\",\"page_id\":\"fintabnet.GIS_2005_page_59\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.388,\"source\":\"fintabnet\",\"source_id\":\"GIS_2005_page_59\",\"stack\":[{\"deg\":2.388,\"op\":\"skew\"},{\"amp\":0.254,\"angle\":48.2,\"blob\":0.229,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":5.612,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":10.118},{\"op\":\"jpeg\",\"q\":35}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[88.6,267.9,441.2,597.5],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18],\"cells\":null},{\"bbox\":[103.9,620.3,812.2,830.3],\"block_orders\":[20,21,22,23,24,26,27,28,29,30,31,32,33,34],\"cells\":null}],\"text\":\"5. Goodwill and Intangible Assets\\n\\nThe components of goodwill and other intangible assets\\nare as follows:\\n\\nIn Millions\\n\\nMay 29,\\n2005\\n\\nMay 30,\\n2004\\n\\nGoodwill\\n\\n$ 6,684\\n\\n$ 6,684\\n\\n3,516\\n3\\n\\n3,516\\n6\\n\\n3,519\\n\\n3,522\\n\\n221\\n(104)\\n\\n197\\n(78)\\n\\n117\\n3,636\\n\\n119\\n3,641\\n\\n$10,320\\n\\n$10,325\\n\\nOther Intangible Assets:\\nIntangible assets not subject to\\namortization\\nBrands\\nPension intangible\\nIntangible assets not subject to\\namortization\\nIntangible assets subject to\\namortization, primarily capitalized\\nsoftware\\nLess accumulated amortization\\nIntangible assets subject to\\namortization\\nTotal Other Intangible Assets\\nTotal Goodwill and Other Intangible\\nAssets\\n\\nThe changes in the carrying amount of goodwill for\\nfiscal 2003, 2004 and 2005 are as follows:\\n\\nIn Millions\\n\\nBalance at May 26, 2002\\nActivity including translation\\nAllocation to segments\\nBalance at May 25, 2003\\nActivity including translation\\nBalance at May 30, 2004\\nActivity including translation\\nBalance at May 29, 2005\\n\\nU.S. Retail\\n\\nBakeries and\\nFoodservice\\n\\n$ 745\\n–\\n4,279\\n5,024\\n–\\n5,024\\n(22)\\n$5,002\\n\\nThe Pillsbury acquisition valuation and purchase price\\nallocation was recorded in fiscal 2002 and 2003. The\\nactivity during fiscal 2003 primarily reflects the allocation\\nof the purchase price to brand intangibles, net of tax,\\nand the contingent value rights payment to Diageo\\nrelated to the Pillsbury acquisition. Future purchase price\\nadjustments to goodwill may occur upon the resolution\\nof certain income tax accounting matters. See\\nNote Sixteen – Income Taxes.\\n\\n$\\n\\n59\\n–\\n1,146\\n1,205\\n–\\n1,205\\n(4)\\n$1,201\\n\\nInternational\\n\\n$\\n\\n–\\n10\\n411\\n421\\n34\\n455\\n26\\n$481\\n\\nPillsbury\\nUnallocated\\nExcess\\nPurchase Price\\n\\nTotal\\n\\n$ 7,669\\n(1,833)\\n(5,836)\\n–\\n–\\n–\\n–\\n$\\n–\\n\\n$ 8,473\\n(1,823)\\n–\\n6,650\\n34\\n6,684\\n–\\n$ 6,684\\n\\nIntangible asset amortization expense was $28 million,\\n$23 million and $18 million for fiscal 2005, 2004 and 2003,\\nrespectively. Estimated amortization expense for the next\\nfive fiscal years (in millions) is as follows: $27 in 2006, $22\\nin 2007, $17 in 2008, $14 in 2009 and $14 in 2010.\\n\\n37\"},\"name\":\"fintabnet.GIS_2005_page_59__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":78569,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:GIS_2005\",\"dpi\":100,\"gt_sha256\":\"eae32d1ddcd89277991879bd91f07f9feb603edab010976c830f9956985fd388\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GIS_2005_page_59__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.GIS_2005_page_59\",\"pdf_sha256\":\"ad3e079e727ab647dad4b39021f564b85c5192e8e8b54b95118a7739f488cf4e\",\"px\":[850,1088],\"scan\":{\"render\":\"000000000000280133032007380f3b9f3fbf00bf02ff12ff0fff0fff00ff01ff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"GIS_2005_page_59\",\"src\":{\"file_sha256\":\"b35bcf4693df5ac2910b55671b2a0d8ad598ad553de7979dd51a102584f5c054\",\"render\":\"000000000000000000000000000038007e007e007e007c007ff07ff07de00000\",\"text\":\"40bd829bcff015218531df817a1ea45ac13d4d917cfe8bc1fd5ecbcda2df6f5b\"},\"stack\":[{\"deg\":2.388,\"op\":\"skew\"},{\"amp\":0.254,\"angle\":48.2,\"blob\":0.229,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":5.612,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":10.118},{\"op\":\"jpeg\",\"q\":35}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ad3e079e727ab647dad4b39021f564b85c5192e8e8b54b95118a7739f488cf4e\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ad3e079e727ab647dad4b39021f564b85c5192e8e8b54b95118a7739f488cf4e.pdf","asset_sha256":"ad3e079e727ab647dad4b39021f564b85c5192e8e8b54b95118a7739f488cf4e","document_id":"fintabnet:GIS_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GIS_2005_page_59\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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SEC.\"}],\"order\":27,\"text\":\"Information required by this item is incorporated by reference from the section entitled “Principal\\nStockholders” in the Proxy Statement, which is to be filed with the SEC.\"},{\"bbox\":[114.7,673.2,130.9,686.1],\"lines\":[{\"bbox\":[114.7,673.2,130.9,686.1],\"text\":\"(c)\"}],\"order\":28,\"text\":\"(c)\"},{\"bbox\":[145.6,673.4,367.1,687.1],\"lines\":[{\"bbox\":[145.6,673.4,367.1,687.1],\"text\":\"Security ownership of management:\"}],\"order\":29,\"text\":\"Security ownership of management:\"},{\"bbox\":[145.4,697.0,736.8,727.6],\"lines\":[{\"bbox\":[145.5,697.0,736.8,712.3],\"text\":\"Information required by this item is incorporated by reference from the section entitled “Stock\"},{\"bbox\":[145.4,712.2,570.0,726.9],\"text\":\"Ownership” in the Proxy Statement, which is to be filed with the SEC.\"}],\"order\":30,\"text\":\"Information required by this item is incorporated by reference from the section entitled “Stock\\nOwnership” in the Proxy 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13.\"},{\"bbox\":[194.9,815.1,693.5,830.0],\"lines\":[{\"bbox\":[194.9,815.1,693.5,830.0],\"text\":\"Certain Relationships and Related Transactions and Director Independence\"}],\"order\":35,\"text\":\"Certain Relationships and Related Transactions and Director Independence\"},{\"bbox\":[86.0,844.6,736.2,890.8],\"lines\":[{\"bbox\":[113.9,844.7,736.2,860.2],\"text\":\"Information required by this item is incorporated by reference from the sections entitled Related Party\"},{\"bbox\":[86.1,859.9,736.1,875.5],\"text\":\"Transaction Policy and Transactions and “Director Independence Determinations” in the Proxy Statement,\"},{\"bbox\":[86.0,875.2,287.4,888.9],\"text\":\"which is to be filed with the SEC.\"}],\"order\":36,\"text\":\"Information required by this item is incorporated by reference from the sections entitled Related Party\\nTransaction Policy and Transactions and “Director Independence Determinations” in the Proxy Statement,\\nwhich is to be filed with the SEC.\"},{\"bbox\":[246.1,914.6,297.9,927.7],\"lines\":[{\"bbox\":[246.1,914.6,297.9,927.7],\"text\":\"Item 14.\"}],\"order\":37,\"text\":\"Item 14.\"},{\"bbox\":[311.8,914.9,575.8,928.8],\"lines\":[{\"bbox\":[311.8,914.9,575.8,928.8],\"text\":\"Principal Accountant Fees and Services\"}],\"order\":38,\"text\":\"Principal Accountant Fees and Services\"},{\"bbox\":[85.7,943.9,735.9,974.8],\"lines\":[{\"bbox\":[113.5,944.1,735.9,959.5],\"text\":\"Information required by this Item is incorporated by reference from the section entitled Principal\"},{\"bbox\":[85.7,959.2,734.8,974.8],\"text\":\"Accounting Firm Fees and “Pre-approval Policy” in the Proxy Statement, which is to be filed with the SEC.\"}],\"order\":39,\"text\":\"Information required by this Item is incorporated by reference from the section entitled Principal\\nAccounting Firm Fees and “Pre-approval Policy” in the Proxy Statement, which is to be filed with the SEC.\"},{\"bbox\":[398.9,994.1,422.1,1007.1],\"lines\":[{\"bbox\":[398.9,994.1,422.1,1007.1],\"text\":\"103\"}],\"order\":40,\"text\":\"103\"}],\"doc\":\"fintabnet:GL_2006\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"PART III\\n\\nItem 10.\\n\\nDirectors, Executive Officers and Corporate Governance\\n\\nInformation required by this item is incorporated by reference from the sections entitled “Election of\\nDirectors,” “Profiles of Directors and Nominees,” “Executive Officers,” “Audit Committee Report,”\\n“Governance Guidelines and Codes of Ethics” and “Section 16(a) Beneficial Ownership Reporting\\nCompliance” in the Proxy Statement for the Annual Meeting of Stockholders to be held April 26, 2007 (the\\nProxy Statement), which is to be filed with the Securities and Exchange Commission (SEC).\\n\\nItem 11. Executive Compensation\\n\\nInformation required by this item is incorporated by reference from the sections entitled Executive\\nCompensation, “Compensation Committee Report” and “Compensation Committee interlocks and insider\\nparticipation” in the Proxy Statement, which is to be filed with the SEC.\\n\\nItem 12.\\n\\nSecurity Ownership of Certain Beneficial Owners and Management and Related\\nStockholder Matters\\n\\n(a)\\n\\nEquity Compensation Plan Information\\nAs of December 31, 2006\\n\\n|  Plan Category |  Number of securities to be issued upon exercise of outstanding options, warrants, and rights  |  Weighted-average exercise price of outstanding options, warrants, and rights  |  Number of securities remaining available for future issuance under equity compensation plans  |\\n| --- | --- | --- | --- |\\n| Equity compensation plans approved by security holders | 9,828,735 | $50.30 | 465,224 |\\n| Equity compensation plans not approved by security holders | 0 | 0 | 0 |\\n| Total | 9,828,735 | $50.30 | 465,224 |\\n\\n(b)\\n\\nTotal . . . . . . . . . . . . . . . . . . . . .\\n\\n9,828,735\\n\\n$50.30\\n\\n465,224\\n\\nSecurity ownership of certain beneficial owners:\\n\\nInformation required by this item is incorporated by reference from the section entitled “Principal\\nStockholders” in the Proxy Statement, which is to be filed with the SEC.\\n\\n(c)\\n\\nSecurity ownership of management:\\n\\nInformation required by this item is incorporated by reference from the section entitled “Stock\\nOwnership” in the Proxy Statement, which is to be filed with the SEC.\\n\\n(d)\\n\\nChanges in control:\\n\\nTorchmark knows of no arrangements, including any pledges by any person of its securities, the\\noperation of which may at a subsequent date result in a change of control.\\n\\nItem 13.\\n\\nCertain Relationships and Related Transactions and Director Independence\\n\\nInformation required by this item is incorporated by reference from the sections entitled Related Party\\nTransaction Policy and Transactions and “Director Independence Determinations” in the Proxy Statement,\\nwhich is to be filed with the SEC.\\n\\nItem 14.\\n\\nPrincipal Accountant Fees and Services\\n\\nInformation required by this Item is incorporated by reference from the section entitled Principal\\nAccounting Firm Fees and “Pre-approval Policy” in the Proxy Statement, which is to be filed with the SEC.\\n\\n103\",\"name\":\"fintabnet.GL_2006_page_119__100dpi_mild\",\"page_id\":\"fintabnet.GL_2006_page_119\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.241,\"source\":\"fintabnet\",\"source_id\":\"GL_2006_page_119\",\"stack\":[{\"deg\":-0.241,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.355},{\"op\":\"noise\",\"sigma\":2.285},{\"op\":\"jpeg\",\"q\":76}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[169.3,394.3,761.6,567.2],\"block_orders\":[10,11,12,14,15,16,17,18,19,20,21],\"cells\":[{\"bbox\":[169.8,429.7,244.6,441.2],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\" Plan Category\"},{\"bbox\":[347.3,397.2,487.5,442.2],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\" Number of securities to be issued upon exercise of outstanding options, warrants, and rights \"},{\"bbox\":[497.1,397.8,607.1,442.7],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\" Weighted-average exercise price of outstanding options, warrants, and rights \"},{\"bbox\":[618.2,398.3,761.6,443.4],\"c0\":3,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\" Number of securities remaining available for future issuance under equity compensation plans \"},{\"bbox\":[169.6,449.5,340.4,493.3],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Equity compensation plans approved by security holders\"},{\"bbox\":[389.4,481.0,445.0,493.7],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"9,828,735\"},{\"bbox\":[532.7,481.6,571.0,494.2],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"$50.30\"},{\"bbox\":[667.0,482.1,712.2,494.8],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"465,224\"},{\"bbox\":[169.4,500.9,340.2,544.7],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Equity compensation plans not approved by security holders\"},{\"bbox\":[437.7,532.6,444.8,545.1],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"0\"},{\"bbox\":[563.7,533.1,570.7,545.6],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"0\"},{\"bbox\":[705.0,533.7,712.0,546.2],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"0\"},{\"bbox\":[169.3,552.3,197.2,564.9],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Total\"},{\"bbox\":[389.0,553.2,444.7,565.9],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"9,828,735\"},{\"bbox\":[532.4,553.8,570.7,566.5],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"$50.30\"},{\"bbox\":[666.7,554.3,711.9,567.1],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"465,224\"}]}],\"text\":\"PART III\\n\\nItem 10.\\n\\nDirectors, Executive Officers and Corporate Governance\\n\\nInformation required by this item is incorporated by reference from the sections entitled “Election of\\nDirectors,” “Profiles of Directors and Nominees,” “Executive Officers,” “Audit Committee Report,”\\n“Governance Guidelines and Codes of Ethics” and “Section 16(a) Beneficial Ownership Reporting\\nCompliance” in the Proxy Statement for the Annual Meeting of Stockholders to be held April 26, 2007 (the\\nProxy Statement), which is to be filed with the Securities and Exchange Commission (SEC).\\n\\nItem 11. Executive Compensation\\n\\nInformation required by this item is incorporated by reference from the sections entitled Executive\\nCompensation, “Compensation Committee Report” and “Compensation Committee interlocks and insider\\nparticipation” in the Proxy Statement, which is to be filed with the SEC.\\n\\nItem 12.\\n\\nSecurity Ownership of Certain Beneficial Owners and Management and Related\\nStockholder Matters\\n\\n(a)\\n\\nEquity Compensation Plan Information\\nAs of December 31, 2006\\n\\nNumber of securities to be\\nWeighted-average\\nissued upon exercise of\\nexercise price of\\noutstanding options,\\noutstanding options,\\nwarrants, and rights\\nwarrants, and rights\\n\\nPlan Category\\n\\nEquity compensation plans\\napproved by security\\nholders . . . . . . . . . . . . . . . . .\\n\\n(b)\\n\\n9,828,735\\n\\n$50.30\\n\\nNumber of securities\\nremaining available for\\nfuture issuance under\\nequity compensation plans\\n\\n465,224\\n\\nEquity compensation plans not\\napproved by security\\nholders . . . . . . . . . . . . . . . . .\\n\\n0\\n\\n0\\n\\n0\\n\\nTotal . . . . . . . . . . . . . . . . . . . . .\\n\\n9,828,735\\n\\n$50.30\\n\\n465,224\\n\\nSecurity ownership of certain beneficial owners:\\n\\nInformation required by this item is incorporated by reference from the section entitled “Principal\\nStockholders” in the Proxy Statement, which is to be filed with the SEC.\\n\\n(c)\\n\\nSecurity ownership of management:\\n\\nInformation required by this item is incorporated by reference from the section entitled “Stock\\nOwnership” in the Proxy Statement, which is to be filed with the SEC.\\n\\n(d)\\n\\nChanges in control:\\n\\nTorchmark knows of no arrangements, including any pledges by any person of its securities, the\\noperation of which may at a subsequent date result in a change of control.\\n\\nItem 13.\\n\\nCertain Relationships and Related Transactions and Director Independence\\n\\nInformation required by this item is incorporated by reference from the sections entitled Related Party\\nTransaction Policy and Transactions and “Director Independence Determinations” in the Proxy Statement,\\nwhich is to be filed with the SEC.\\n\\nItem 14.\\n\\nPrincipal Accountant Fees and Services\\n\\nInformation required by this Item is incorporated by reference from the section entitled Principal\\nAccounting Firm Fees and “Pre-approval Policy” in the Proxy Statement, which is to be filed with the SEC.\\n\\n103\"},\"name\":\"fintabnet.GL_2006_page_119__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":137566,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:GL_2006\",\"dpi\":100,\"gt_sha256\":\"2cf9ae19e079bb85006fc5577da1dff88f311d599b8ce37b65c36e819ef0e1d3\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GL_2006_page_119__100dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.GL_2006_page_119\",\"pdf_sha256\":\"c4bd279a1f25b03591947632b2722e0661c277e8e6fce1ce72f661a15cee0278\",\"px\":[825,1075],\"scan\":{\"render\":\"000001903ffe03e03ffc03e003fc1c0011201fe01fe01ff03ffc04003ffc0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"GL_2006_page_119\",\"src\":{\"file_sha256\":\"f568e988b7df2943e2d130ec8e870e6b3ee5e9b12093e1e4537b69a0d33a8499\",\"render\":\"000001803ffc3ff03ffc07f803fc1d0811281fe01fe01ff03ffc07e000000000\",\"text\":\"9a9a9c9a33c00643660465bf40a709085b4b2ae30278448eb70893570d2bc16e\"},\"stack\":[{\"deg\":-0.241,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.355},{\"op\":\"noise\",\"sigma\":2.285},{\"op\":\"jpeg\",\"q\":76}],\"tools\":\"21647cade0ee\"},\"sha256\":\"c4bd279a1f25b03591947632b2722e0661c277e8e6fce1ce72f661a15cee0278\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/c4bd279a1f25b03591947632b2722e0661c277e8e6fce1ce72f661a15cee0278.pdf","asset_sha256":"c4bd279a1f25b03591947632b2722e0661c277e8e6fce1ce72f661a15cee0278","document_id":"fintabnet:GL_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2006_page_119\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2006_page_60\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:GL_2006\",\"ground_truth\":{\"blocks\":[{\"bbox\":[57.6,52.0,527.2,152.9],\"lines\":[{\"bbox\":[77.6,52.0,525.7,68.6],\"text\":\"Credit Ratings. The credit quality of Torchmark’s debt instruments and capital securities are rated\"},{\"bbox\":[57.8,64.0,525.9,80.9],\"text\":\"by various rating agencies. During 2006, A.M. Best downgraded Torchmark’s funded debt one notch from\"},{\"bbox\":[58.0,76.0,526.1,92.9],\"text\":\"a to a-, and its preferred stock from a- to bbb+. Moody’s downgraded our funded debt from A3 to Baa1,\"},{\"bbox\":[58.2,88.0,526.4,104.9],\"text\":\"and our preferred stock from Baa1 to Baa2. Both downgrades were to reflect the “notching,” or widening\"},{\"bbox\":[58.4,100.0,526.5,116.9],\"text\":\"of rating levels between the insurance companies and their parent company which has issued the debt.\"},{\"bbox\":[58.6,112.0,526.7,128.9],\"text\":\"This notching is typical for these rating agencies as they rate other insurance companies. It does not\"},{\"bbox\":[58.8,124.0,526.9,140.9],\"text\":\"reflect any change in the creditworthiness of the Company. The chart below presents Torchmark’s credit\"},{\"bbox\":[59.0,141.3,207.0,152.9],\"text\":\"ratings as of December 31, 2006.\"}],\"order\":0,\"text\":\"Credit Ratings. The credit quality of Torchmark’s debt instruments and capital securities are rated\\nby various rating agencies. During 2006, A.M. Best downgraded Torchmark’s funded debt one notch from\\na to a-, and its preferred stock from a- to bbb+. Moody’s downgraded our funded debt from A3 to Baa1,\\nand our preferred stock from Baa1 to Baa2. Both downgrades were to reflect the “notching,” or widening\\nof rating levels between the insurance companies and their parent company which has issued the debt.\\nThis notching is typical for these rating agencies as they rate other insurance companies. It does not\\nreflect any change in the creditworthiness of the Company. The chart below presents Torchmark’s credit\\nratings as of December 31, 2006.\"},{\"bbox\":[318.5,156.3,353.4,172.2],\"lines\":[{\"bbox\":[318.5,156.3,353.3,164.2],\"text\":\"Standard\"},{\"bbox\":[320.6,164.3,351.4,172.2],\"text\":\"& Poors\"}],\"order\":1,\"text\":\"Standard\\n& Poors\"},{\"bbox\":[368.3,163.7,387.5,171.4],\"lines\":[{\"bbox\":[368.3,163.7,387.5,171.4],\"text\":\"Fitch\"}],\"order\":2,\"text\":\"Fitch\"},{\"bbox\":[402.4,162.9,435.0,170.9],\"lines\":[{\"bbox\":[402.4,162.9,435.0,170.9],\"text\":\"Moody’s\"}],\"order\":3,\"text\":\"Moody’s\"},{\"bbox\":[454.8,154.3,472.4,170.0],\"lines\":[{\"bbox\":[455.0,154.3,472.0,162.0],\"text\":\"A.M.\"},{\"bbox\":[454.9,162.3,472.4,170.0],\"text\":\"Best\"}],\"order\":4,\"text\":\"A.M.\\nBest\"},{\"bbox\":[329.2,178.7,343.7,209.3],\"lines\":[{\"bbox\":[329.2,178.7,343.3,187.3],\"text\":\"A-1\"},{\"bbox\":[332.1,189.7,343.5,198.2],\"text\":\"A+\"},{\"bbox\":[334.6,200.7,343.7,209.2],\"text\":\"A-\"}],\"order\":5,\"text\":\"A-1\\nA+\\nA-\"},{\"bbox\":[371.4,178.0,385.3,208.6],\"lines\":[{\"bbox\":[371.4,178.0,385.0,186.6],\"text\":\"F-1\"},{\"bbox\":[379.0,189.0,385.2,197.4],\"text\":\"A\"},{\"bbox\":[376.2,200.0,385.3,208.5],\"text\":\"A-\"}],\"order\":6,\"text\":\"F-1\\nA\\nA-\"},{\"bbox\":[408.4,177.3,429.9,208.0],\"lines\":[{\"bbox\":[415.4,177.3,429.5,185.8],\"text\":\"P-2\"},{\"bbox\":[408.6,188.3,429.7,197.0],\"text\":\"Baa1\"},{\"bbox\":[408.8,199.3,429.9,208.0],\"text\":\"Baa2\"}],\"order\":7,\"text\":\"P-2\\nBaa1\\nBaa2\"},{\"bbox\":[450.1,176.5,478.1,207.3],\"lines\":[{\"bbox\":[450.1,176.5,477.7,185.3],\"text\":\"AMB-1\"},{\"bbox\":[469.8,187.5,477.9,196.0],\"text\":\"a-\"},{\"bbox\":[457.7,198.5,478.1,207.2],\"text\":\"bbb+\"}],\"order\":8,\"text\":\"AMB-1\\na-\\nbbb+\"},{\"bbox\":[109.6,179.3,304.4,212.8],\"lines\":[{\"bbox\":[109.6,179.3,304.0,190.8],\"text\":\"Commercial Paper . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[109.8,190.3,304.2,201.8],\"text\":\"Funded Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[110.0,201.3,304.4,212.8],\"text\":\"Preferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"Commercial Paper . . . . . . . . . . . . . . . . . . . . . . . . .\\nFunded Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPreferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[60.3,216.9,529.0,269.8],\"lines\":[{\"bbox\":[80.3,216.9,528.4,233.5],\"text\":\"The financial strength of our major insurance subsidiaries are also rated by Standard & Poor’s and\"},{\"bbox\":[60.5,228.9,527.9,245.8],\"text\":\"A.M. Best. In 2006, A. M. Best lowered its financial strength rating of United Investors to A (Excellent)\"},{\"bbox\":[60.7,240.9,528.8,257.8],\"text\":\"from A+ (Superior), as a result of Torchmark’s diminished emphasis of that subsidiary’s business. The\"},{\"bbox\":[60.9,253.1,515.0,269.8],\"text\":\"following chart presents these ratings for our five largest insurance subsidiaries at December 31, 2006.\"}],\"order\":10,\"text\":\"The financial strength of our major insurance subsidiaries are also rated by Standard & Poor’s and\\nA.M. Best. In 2006, A. M. Best lowered its financial strength rating of United Investors to A (Excellent)\\nfrom A+ (Superior), as a result of Torchmark’s diminished emphasis of that subsidiary’s business. The\\nfollowing chart presents these ratings for our five largest insurance subsidiaries at December 31, 2006.\"},{\"bbox\":[111.5,295.3,361.9,351.7],\"lines\":[{\"bbox\":[111.5,295.3,361.2,307.7],\"text\":\"Liberty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[111.7,306.3,361.4,318.7],\"text\":\"Globe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[111.9,317.3,361.6,329.7],\"text\":\"United Investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[112.1,328.3,361.7,340.7],\"text\":\"United American . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[112.3,339.3,361.9,351.7],\"text\":\"American Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":11,\"text\":\"Liberty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGlobe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited Investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited American . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAmerican Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[375.7,272.2,410.6,288.2],\"lines\":[{\"bbox\":[375.7,272.2,410.5,280.2],\"text\":\"Standard\"},{\"bbox\":[377.8,280.3,408.6,288.2],\"text\":\"& Poors\"}],\"order\":12,\"text\":\"Standard\\n& Poors\"},{\"bbox\":[443.6,271.4,461.2,287.1],\"lines\":[{\"bbox\":[443.8,271.4,460.8,279.1],\"text\":\"A.M.\"},{\"bbox\":[443.7,279.4,461.2,287.1],\"text\":\"Best\"}],\"order\":13,\"text\":\"A.M.\\nBest\"},{\"bbox\":[387.4,294.7,400.3,347.2],\"lines\":[{\"bbox\":[387.4,294.7,399.6,303.2],\"text\":\"AA\"},{\"bbox\":[387.6,305.7,399.7,314.2],\"text\":\"AA\"},{\"bbox\":[388.5,316.7,399.9,325.2],\"text\":\"A+\"},{\"bbox\":[388.0,327.7,400.1,336.2],\"text\":\"AA\"},{\"bbox\":[388.1,338.7,400.3,347.2],\"text\":\"AA\"}],\"order\":14,\"text\":\"AA\\nAA\\nA+\\nAA\\nAA\"},{\"bbox\":[425.8,293.4,480.4,346.6],\"lines\":[{\"bbox\":[425.8,293.4,479.6,302.6],\"text\":\"A+ (Superior)\"},{\"bbox\":[425.9,304.4,479.8,313.6],\"text\":\"A+ (Superior)\"},{\"bbox\":[428.9,315.4,480.0,324.5],\"text\":\"A (Excellent)\"},{\"bbox\":[426.3,326.4,480.2,335.6],\"text\":\"A+ (Superior)\"},{\"bbox\":[426.5,337.4,480.4,346.6],\"text\":\"A+ (Superior)\"}],\"order\":15,\"text\":\"A+ (Superior)\\nA+ (Superior)\\nA (Excellent)\\nA+ (Superior)\\nA+ (Superior)\"},{\"bbox\":[62.6,354.8,531.8,437.7],\"lines\":[{\"bbox\":[82.6,354.8,530.7,371.4],\"text\":\"A.M. Best states that it assigns A+ (Superior) ratings to those companies which, in its opinion, have\"},{\"bbox\":[62.7,365.8,530.9,382.7],\"text\":\"demonstrated superior overall performance when compared to the norms of the life/health insurance\"},{\"bbox\":[62.9,376.8,531.0,393.7],\"text\":\"industry. A+ (Superior) companies have a superior ability to meet their obligations to policyholders over a\"},{\"bbox\":[63.1,387.8,531.2,404.7],\"text\":\"long period of time. The A.M. Best A (Excellent) rating is assigned to those companies which, in its\"},{\"bbox\":[63.3,398.8,531.4,415.7],\"text\":\"opinion, have demonstrated excellent overall performance when compared to the norms of the life/health\"},{\"bbox\":[63.5,409.8,531.6,426.7],\"text\":\"insurance industry. A (Excellent) companies have an excellent ability to meet their obligations to\"},{\"bbox\":[63.6,425.6,240.4,437.7],\"text\":\"policyholders over a long period of time.\"}],\"order\":16,\"text\":\"A.M. Best states that it assigns A+ (Superior) ratings to those companies which, in its opinion, have\\ndemonstrated superior overall performance when compared to the norms of the life/health insurance\\nindustry. A+ (Superior) companies have a superior ability to meet their obligations to policyholders over a\\nlong period of time. The A.M. Best A (Excellent) rating is assigned to those companies which, in its\\nopinion, have demonstrated excellent overall performance when compared to the norms of the life/health\\ninsurance industry. A (Excellent) companies have an excellent ability to meet their obligations to\\npolicyholders over a long period of time.\"},{\"bbox\":[64.0,439.7,532.8,500.6],\"lines\":[{\"bbox\":[84.0,439.7,532.0,456.3],\"text\":\"The AA rating is assigned by Standard & Poor’s Corporation to those insurers which have very strong\"},{\"bbox\":[64.1,450.7,532.3,467.6],\"text\":\"financial security characteristics, differing only slightly from those rated higher. The A+ rating is assigned\"},{\"bbox\":[64.3,461.7,532.4,478.6],\"text\":\"to an insurer with strong financial security characteristics, somewhat more likely to be affected by adverse\"},{\"bbox\":[64.5,472.7,532.6,489.6],\"text\":\"business conditions than insurers with higher ratings. The “+” indicates that United Investors is among the\"},{\"bbox\":[64.7,488.5,242.7,500.6],\"text\":\"strongest insurers within the A category.\"}],\"order\":17,\"text\":\"The AA rating is assigned by Standard & Poor’s Corporation to those insurers which have very strong\\nfinancial security characteristics, differing only slightly from those rated higher. The A+ rating is assigned\\nto an insurer with strong financial security characteristics, somewhat more likely to be affected by adverse\\nbusiness conditions than insurers with higher ratings. The “+” indicates that United Investors is among the\\nstrongest insurers within the A category.\"},{\"bbox\":[197.3,513.8,401.1,526.4],\"lines\":[{\"bbox\":[197.3,513.8,401.1,526.4],\"text\":\"TRANSACTIONS WITH RELATED PARTIES\"}],\"order\":18,\"text\":\"TRANSACTIONS WITH RELATED PARTIES\"},{\"bbox\":[65.4,530.6,533.7,558.5],\"lines\":[{\"bbox\":[85.4,530.6,533.6,547.2],\"text\":\"Information regarding related party transactions is found in Note 15—Related Party Transactions in\"},{\"bbox\":[65.6,545.8,279.6,558.5],\"text\":\"the Notes to Consolidated Financial Statements.\"}],\"order\":19,\"text\":\"Information regarding related party transactions is found in Note 15—Related Party Transactions in\\nthe Notes to Consolidated Financial Statements.\"},{\"bbox\":[265.9,572.8,334.4,583.2],\"lines\":[{\"bbox\":[265.9,572.8,334.4,583.2],\"text\":\"OTHER ITEMS\"}],\"order\":20,\"text\":\"OTHER ITEMS\"},{\"bbox\":[66.4,588.5,536.2,704.4],\"lines\":[{\"bbox\":[86.4,588.5,534.5,605.1],\"text\":\"Litigation. Torchmark and its subsidiaries continue to be named as parties to pending or threatened\"},{\"bbox\":[66.6,599.5,534.7,616.4],\"text\":\"litigation, much of which involves punitive damage claims based upon allegations of agent misconduct at\"},{\"bbox\":[66.7,610.5,534.9,627.4],\"text\":\"Liberty in Alabama. Such punitive damage claims are tried in Alabama state courts where any punitive\"},{\"bbox\":[66.9,621.5,535.1,638.4],\"text\":\"damage litigation may have the potential for significant adverse results since punitive damages in\"},{\"bbox\":[67.1,632.5,535.2,649.4],\"text\":\"Alabama are based upon the compensatory damages (including mental anguish) awarded and the\"},{\"bbox\":[67.3,643.5,535.4,660.4],\"text\":\"discretion of the jury in awarding compensatory damages is not precisely defined. Additionally, it should\"},{\"bbox\":[67.5,654.5,535.6,671.4],\"text\":\"be noted that our subsidiaries actively market insurance in the State of Mississippi, a jurisdiction which is\"},{\"bbox\":[67.6,665.5,535.8,682.4],\"text\":\"nationally recognized for large punitive damage verdicts. Bespeaking caution is the fact that it is\"},{\"bbox\":[67.8,676.5,535.9,693.4],\"text\":\"impossible to predict the likelihood or extent of punitive damages that may be awarded if liability is found\"},{\"bbox\":[68.0,687.5,536.1,704.4],\"text\":\"in any given case. It is thus difficult to predict with certainty the liability of Torchmark or its subsidiaries in\"}],\"order\":21,\"text\":\"Litigation. Torchmark and its subsidiaries continue to be named as parties to pending or threatened\\nlitigation, much of which involves punitive damage claims based upon allegations of agent misconduct at\\nLiberty in Alabama. Such punitive damage claims are tried in Alabama state courts where any punitive\\ndamage litigation may have the potential for significant adverse results since punitive damages in\\nAlabama are based upon the compensatory damages (including mental anguish) awarded and the\\ndiscretion of the jury in awarding compensatory damages is not precisely defined. Additionally, it should\\nbe noted that our subsidiaries actively market insurance in the State of Mississippi, a jurisdiction which is\\nnationally recognized for large punitive damage verdicts. Bespeaking caution is the fact that it is\\nimpossible to predict the likelihood or extent of punitive damages that may be awarded if liability is found\\nin any given case. It is thus difficult to predict with certainty the liability of Torchmark or its subsidiaries in\"},{\"bbox\":[296.8,715.7,308.1,725.1],\"lines\":[{\"bbox\":[296.8,715.7,308.1,725.1],\"text\":\"44\"}],\"order\":22,\"text\":\"44\"}],\"doc\":\"fintabnet:GL_2006\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"Credit Ratings. The credit quality of Torchmark’s debt instruments and capital securities are rated\\nby various rating agencies. During 2006, A.M. Best downgraded Torchmark’s funded debt one notch from\\na to a-, and its preferred stock from a- to bbb+. Moody’s downgraded our funded debt from A3 to Baa1,\\nand our preferred stock from Baa1 to Baa2. Both downgrades were to reflect the “notching,” or widening\\nof rating levels between the insurance companies and their parent company which has issued the debt.\\nThis notching is typical for these rating agencies as they rate other insurance companies. It does not\\nreflect any change in the creditworthiness of the Company. The chart below presents Torchmark’s credit\\nratings as of December 31, 2006.\\n\\nStandard\\n& Poors\\n\\nFitch\\n\\nMoody’s\\n\\nA.M.\\nBest\\n\\nA-1\\nA+\\nA-\\n\\nF-1\\nA\\nA-\\n\\nP-2\\nBaa1\\nBaa2\\n\\nAMB-1\\na-\\nbbb+\\n\\nCommercial Paper . . . . . . . . . . . . . . . . . . . . . . . . .\\nFunded Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPreferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nThe financial strength of our major insurance subsidiaries are also rated by Standard & Poor’s and\\nA.M. Best. In 2006, A. M. Best lowered its financial strength rating of United Investors to A (Excellent)\\nfrom A+ (Superior), as a result of Torchmark’s diminished emphasis of that subsidiary’s business. The\\nfollowing chart presents these ratings for our five largest insurance subsidiaries at December 31, 2006.\\n\\nLiberty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGlobe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited Investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited American . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAmerican Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nStandard\\n& Poors\\n\\nA.M.\\nBest\\n\\nAA\\nAA\\nA+\\nAA\\nAA\\n\\nA+ (Superior)\\nA+ (Superior)\\nA (Excellent)\\nA+ (Superior)\\nA+ (Superior)\\n\\nA.M. Best states that it assigns A+ (Superior) ratings to those companies which, in its opinion, have\\ndemonstrated superior overall performance when compared to the norms of the life/health insurance\\nindustry. A+ (Superior) companies have a superior ability to meet their obligations to policyholders over a\\nlong period of time. The A.M. Best A (Excellent) rating is assigned to those companies which, in its\\nopinion, have demonstrated excellent overall performance when compared to the norms of the life/health\\ninsurance industry. A (Excellent) companies have an excellent ability to meet their obligations to\\npolicyholders over a long period of time.\\n\\nThe AA rating is assigned by Standard & Poor’s Corporation to those insurers which have very strong\\nfinancial security characteristics, differing only slightly from those rated higher. The A+ rating is assigned\\nto an insurer with strong financial security characteristics, somewhat more likely to be affected by adverse\\nbusiness conditions than insurers with higher ratings. The “+” indicates that United Investors is among the\\nstrongest insurers within the A category.\\n\\nTRANSACTIONS WITH RELATED PARTIES\\n\\nInformation regarding related party transactions is found in Note 15—Related Party Transactions in\\nthe Notes to Consolidated Financial Statements.\\n\\nOTHER ITEMS\\n\\nLitigation. Torchmark and its subsidiaries continue to be named as parties to pending or threatened\\nlitigation, much of which involves punitive damage claims based upon allegations of agent misconduct at\\nLiberty in Alabama. Such punitive damage claims are tried in Alabama state courts where any punitive\\ndamage litigation may have the potential for significant adverse results since punitive damages in\\nAlabama are based upon the compensatory damages (including mental anguish) awarded and the\\ndiscretion of the jury in awarding compensatory damages is not precisely defined. Additionally, it should\\nbe noted that our subsidiaries actively market insurance in the State of Mississippi, a jurisdiction which is\\nnationally recognized for large punitive damage verdicts. Bespeaking caution is the fact that it is\\nimpossible to predict the likelihood or extent of punitive damages that may be awarded if liability is found\\nin any given case. It is thus difficult to predict with certainty the liability of Torchmark or its subsidiaries in\\n\\n44\",\"name\":\"fintabnet.GL_2006_page_60__72dpi_mild\",\"page_id\":\"fintabnet.GL_2006_page_60\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.937,\"source\":\"fintabnet\",\"source_id\":\"GL_2006_page_60\",\"stack\":[{\"deg\":0.937,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.385},{\"op\":\"noise\",\"sigma\":3.187},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[109.2,152.3,478.1,213.0],\"block_orders\":[1,2,3,4,5,6,7,8,9],\"cells\":null}],\"text\":\"Credit Ratings. The credit quality of Torchmark’s debt instruments and capital securities are rated\\nby various rating agencies. During 2006, A.M. Best downgraded Torchmark’s funded debt one notch from\\na to a-, and its preferred stock from a- to bbb+. Moody’s downgraded our funded debt from A3 to Baa1,\\nand our preferred stock from Baa1 to Baa2. Both downgrades were to reflect the “notching,” or widening\\nof rating levels between the insurance companies and their parent company which has issued the debt.\\nThis notching is typical for these rating agencies as they rate other insurance companies. It does not\\nreflect any change in the creditworthiness of the Company. The chart below presents Torchmark’s credit\\nratings as of December 31, 2006.\\n\\nStandard\\n& Poors\\n\\nFitch\\n\\nMoody’s\\n\\nA.M.\\nBest\\n\\nA-1\\nA+\\nA-\\n\\nF-1\\nA\\nA-\\n\\nP-2\\nBaa1\\nBaa2\\n\\nAMB-1\\na-\\nbbb+\\n\\nCommercial Paper . . . . . . . . . . . . . . . . . . . . . . . . .\\nFunded Debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPreferred Stock . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nThe financial strength of our major insurance subsidiaries are also rated by Standard & Poor’s and\\nA.M. Best. In 2006, A. M. Best lowered its financial strength rating of United Investors to A (Excellent)\\nfrom A+ (Superior), as a result of Torchmark’s diminished emphasis of that subsidiary’s business. The\\nfollowing chart presents these ratings for our five largest insurance subsidiaries at December 31, 2006.\\n\\nLiberty . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGlobe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited Investors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited American . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAmerican Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nStandard\\n& Poors\\n\\nA.M.\\nBest\\n\\nAA\\nAA\\nA+\\nAA\\nAA\\n\\nA+ (Superior)\\nA+ (Superior)\\nA (Excellent)\\nA+ (Superior)\\nA+ (Superior)\\n\\nA.M. Best states that it assigns A+ (Superior) ratings to those companies which, in its opinion, have\\ndemonstrated superior overall performance when compared to the norms of the life/health insurance\\nindustry. A+ (Superior) companies have a superior ability to meet their obligations to policyholders over a\\nlong period of time. The A.M. Best A (Excellent) rating is assigned to those companies which, in its\\nopinion, have demonstrated excellent overall performance when compared to the norms of the life/health\\ninsurance industry. A (Excellent) companies have an excellent ability to meet their obligations to\\npolicyholders over a long period of time.\\n\\nThe AA rating is assigned by Standard & Poor’s Corporation to those insurers which have very strong\\nfinancial security characteristics, differing only slightly from those rated higher. The A+ rating is assigned\\nto an insurer with strong financial security characteristics, somewhat more likely to be affected by adverse\\nbusiness conditions than insurers with higher ratings. The “+” indicates that United Investors is among the\\nstrongest insurers within the A category.\\n\\nTRANSACTIONS WITH RELATED PARTIES\\n\\nInformation regarding related party transactions is found in Note 15—Related Party Transactions in\\nthe Notes to Consolidated Financial Statements.\\n\\nOTHER ITEMS\\n\\nLitigation. Torchmark and its subsidiaries continue to be named as parties to pending or threatened\\nlitigation, much of which involves punitive damage claims based upon allegations of agent misconduct at\\nLiberty in Alabama. Such punitive damage claims are tried in Alabama state courts where any punitive\\ndamage litigation may have the potential for significant adverse results since punitive damages in\\nAlabama are based upon the compensatory damages (including mental anguish) awarded and the\\ndiscretion of the jury in awarding compensatory damages is not precisely defined. Additionally, it should\\nbe noted that our subsidiaries actively market insurance in the State of Mississippi, a jurisdiction which is\\nnationally recognized for large punitive damage verdicts. Bespeaking caution is the fact that it is\\nimpossible to predict the likelihood or extent of punitive damages that may be awarded if liability is found\\nin any given case. It is thus difficult to predict with certainty the liability of Torchmark or its subsidiaries in\\n\\n44\"},\"name\":\"fintabnet.GL_2006_page_60__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":248311,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:GL_2006\",\"dpi\":72,\"gt_sha256\":\"0d82bb2d562ec20c812de5c66f8b95644d362d07eedc0217340b21ce312a1c47\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GL_2006_page_60__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.GL_2006_page_60\",\"pdf_sha256\":\"103084b96be6320d25e112d64eb54547505d86264f906d22f9af5dc950095ca7\",\"px\":[594,774],\"scan\":{\"render\":\"00003ffc3ffc10181ffc31f810183ffc3ffc3ffc07000f803ffc3ffc3ff40000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"GL_2006_page_60\",\"src\":{\"file_sha256\":\"b0b941db9bcc42dcb5fd010148467bdde6380c016189e1a1db7045cf4061a8a6\",\"render\":\"00001ffc3ffc084818183ffc18383ffc3ffc3ffc07c001003ffc3ffc00000000\",\"text\":\"56d68254bcf7960852161e0d744159639929ca0f56acd2b10175b948b217c8f2\"},\"stack\":[{\"deg\":0.937,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.385},{\"op\":\"noise\",\"sigma\":3.187},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"103084b96be6320d25e112d64eb54547505d86264f906d22f9af5dc950095ca7\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/103084b96be6320d25e112d64eb54547505d86264f906d22f9af5dc950095ca7.pdf","asset_sha256":"103084b96be6320d25e112d64eb54547505d86264f906d22f9af5dc950095ca7","document_id":"fintabnet:GL_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2006_page_60\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2006_page_78\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:GL_2006\",\"ground_truth\":{\"blocks\":[{\"bbox\":[264.2,102.2,912.6,180.3],\"lines\":[{\"bbox\":[264.2,102.2,911.2,151.2],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\"},{\"bbox\":[328.3,134.2,849.9,177.4],\"text\":\"(Dollar amounts in thousands except per share data)\"}],\"order\":0,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n(Dollar amounts in thousands except per share data)\"},{\"bbox\":[103.2,182.4,618.9,225.3],\"lines\":[{\"bbox\":[103.2,182.4,618.9,225.3],\"text\":\"Note 1—Significant Accounting Policies (continued)\"}],\"order\":1,\"text\":\"Note 1—Significant Accounting Policies (continued)\"},{\"bbox\":[104.8,196.7,1088.6,443.9],\"lines\":[{\"bbox\":[146.4,196.7,1080.1,258.8],\"text\":\"SFAS 123R provides for two alternative methods of adoption: the “modified retrospective” method\"},{\"bbox\":[105.9,219.6,1081.1,283.6],\"text\":\"and the “modified prospective” method. While the modified retrospective method permits restatement of\"},{\"bbox\":[106.9,242.5,1082.2,306.5],\"text\":\"prior periods for comparability, Torchmark elected to apply the modified prospective method. The\"},{\"bbox\":[108.0,265.4,1083.1,329.4],\"text\":\"modified prospective method calls for unvested options as of January 1, 2006 and options granted after\"},{\"bbox\":[109.0,288.3,1084.4,352.3],\"text\":\"January 1, 2006 to be expensed in accordance with SFAS 123R after that date. Compensation expense\"},{\"bbox\":[110.1,311.2,1085.4,375.2],\"text\":\"under the fair value method for prior periods is not reflected in the financial statements of those periods\"},{\"bbox\":[111.1,334.1,1086.5,398.1],\"text\":\"but is disclosed on a pro forma basis in the Notes to the Consolidated Financial Statements as previously\"},{\"bbox\":[112.2,357.0,1087.5,421.0],\"text\":\"reported. The table below presents Torchmark’s pro forma earnings information as if stock options issued\"},{\"bbox\":[113.2,400.7,636.1,443.9],\"text\":\"prior to January 1, 2006, were expensed in prior periods.\"}],\"order\":2,\"text\":\"SFAS 123R provides for two alternative methods of adoption: the “modified retrospective” method\\nand the “modified prospective” method. While the modified retrospective method permits restatement of\\nprior periods for comparability, Torchmark elected to apply the modified prospective method. The\\nmodified prospective method calls for unvested options as of January 1, 2006 and options granted after\\nJanuary 1, 2006 to be expensed in accordance with SFAS 123R after that date. Compensation expense\\nunder the fair value method for prior periods is not reflected in the financial statements of those periods\\nbut is disclosed on a pro forma basis in the Notes to the Consolidated Financial Statements as previously\\nreported. The table below presents Torchmark’s pro forma earnings information as if stock options issued\\nprior to January 1, 2006, were expensed in prior periods.\"},{\"bbox\":[807.1,434.4,1080.1,487.2],\"lines\":[{\"bbox\":[807.1,434.4,1079.0,462.3],\"text\":\"For the years ended December 31,\"},{\"bbox\":[846.4,468.4,884.1,485.5],\"text\":\"2005\"},{\"bbox\":[1004.2,461.1,1041.9,478.2],\"text\":\"2004\"}],\"order\":3,\"text\":\"For the years ended December 31,\\n2005\\n2004\"},{\"bbox\":[118.2,502.0,781.8,637.1],\"lines\":[{\"bbox\":[118.2,502.0,777.7,549.7],\"text\":\"Net income as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[119.2,524.9,756.1,571.5],\"text\":\"Stock-based compensation, as reported, net of tax benefit of $342 and $190,\"},{\"bbox\":[138.9,545.8,779.8,592.5],\"text\":\"respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[121.2,569.4,742.4,615.2],\"text\":\"Effect of stock-based compensation, fair value method, net of tax benefit of\"},{\"bbox\":[140.9,589.5,781.8,636.2],\"text\":\"$19,319 and $4,128, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Net income as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nStock-based compensation, as reported, net of tax benefit of $342 and $190,\\nrespectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEffect of stock-based compensation, fair value method, net of tax benefit of\\n$19,319 and $4,128, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[827.2,496.1,906.1,517.1],\"lines\":[{\"bbox\":[827.2,496.1,906.1,517.1],\"text\":\"$495,390\"}],\"order\":5,\"text\":\"$495,390\"},{\"bbox\":[985.0,488.9,1063.9,509.8],\"lines\":[{\"bbox\":[985.0,488.9,1063.9,509.8],\"text\":\"$468,555\"}],\"order\":6,\"text\":\"$468,555\"},{\"bbox\":[876.1,539.9,908.1,558.6],\"lines\":[{\"bbox\":[876.1,539.9,908.1,558.6],\"text\":\"635\"}],\"order\":7,\"text\":\"635\"},{\"bbox\":[1033.9,532.6,1065.9,551.4],\"lines\":[{\"bbox\":[1033.9,532.6,1065.9,551.4],\"text\":\"353\"}],\"order\":8,\"text\":\"353\"},{\"bbox\":[845.8,583.3,916.4,603.8],\"lines\":[{\"bbox\":[845.8,583.3,916.4,603.8],\"text\":\"(35,952)\"}],\"order\":9,\"text\":\"(35,952)\"},{\"bbox\":[1014.0,576.0,1074.2,596.1],\"lines\":[{\"bbox\":[1014.0,576.0,1074.2,596.1],\"text\":\"(7,976)\"}],\"order\":10,\"text\":\"(7,976)\"},{\"bbox\":[123.6,619.7,783.1,667.3],\"lines\":[{\"bbox\":[123.6,619.7,783.1,667.3],\"text\":\"Pro forma net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":11,\"text\":\"Pro forma net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[832.6,613.8,911.5,634.7],\"lines\":[{\"bbox\":[832.6,613.8,911.5,634.7],\"text\":\"$460,073\"}],\"order\":12,\"text\":\"$460,073\"},{\"bbox\":[990.4,606.5,1069.3,627.4],\"lines\":[{\"bbox\":[990.4,606.5,1069.3,627.4],\"text\":\"$460,932\"}],\"order\":13,\"text\":\"$460,932\"},{\"bbox\":[125.2,654.0,785.7,723.5],\"lines\":[{\"bbox\":[125.2,676.8,289.4,701.6],\"text\":\"Earnings per share:\"},{\"bbox\":[163.6,675.9,785.7,721.8],\"text\":\"Basic—as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":14,\"text\":\"Earnings per share:\\nBasic—as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[835.2,673.1,846.4,690.9],\"lines\":[{\"bbox\":[835.2,673.1,846.4,690.9],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[876.8,670.0,914.1,689.0],\"lines\":[{\"bbox\":[876.8,670.0,914.1,689.0],\"text\":\"4.73\"}],\"order\":16,\"text\":\"4.73\"},{\"bbox\":[993.0,665.8,1004.2,683.6],\"lines\":[{\"bbox\":[993.0,665.8,1004.2,683.6],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[1034.6,662.7,1071.9,681.7],\"lines\":[{\"bbox\":[1034.6,662.7,1071.9,681.7],\"text\":\"4.26\"}],\"order\":18,\"text\":\"4.26\"},{\"bbox\":[165.2,710.2,787.3,756.1],\"lines\":[{\"bbox\":[165.2,710.2,787.3,756.1],\"text\":\"Basic—pro forma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":19,\"text\":\"Basic—pro forma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[836.8,707.4,848.0,725.2],\"lines\":[{\"bbox\":[836.8,707.4,848.0,725.2],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[878.4,704.3,915.7,723.3],\"lines\":[{\"bbox\":[878.4,704.3,915.7,723.3],\"text\":\"4.39\"}],\"order\":21,\"text\":\"4.39\"},{\"bbox\":[994.6,700.2,1005.8,718.0],\"lines\":[{\"bbox\":[994.6,700.2,1005.8,718.0],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[1036.2,697.1,1073.5,716.1],\"lines\":[{\"bbox\":[1036.2,697.1,1073.5,716.1],\"text\":\"4.19\"}],\"order\":23,\"text\":\"4.19\"},{\"bbox\":[166.8,744.6,788.9,790.5],\"lines\":[{\"bbox\":[166.8,744.6,788.9,790.5],\"text\":\"Diluted—as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":24,\"text\":\"Diluted—as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[838.4,741.8,849.6,759.6],\"lines\":[{\"bbox\":[838.4,741.8,849.6,759.6],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[880.0,738.7,917.3,757.7],\"lines\":[{\"bbox\":[880.0,738.7,917.3,757.7],\"text\":\"4.68\"}],\"order\":26,\"text\":\"4.68\"},{\"bbox\":[996.2,734.5,1007.4,752.3],\"lines\":[{\"bbox\":[996.2,734.5,1007.4,752.3],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[1037.8,731.4,1075.1,750.4],\"lines\":[{\"bbox\":[1037.8,731.4,1075.1,750.4],\"text\":\"4.19\"}],\"order\":28,\"text\":\"4.19\"},{\"bbox\":[168.4,778.9,790.5,824.8],\"lines\":[{\"bbox\":[168.4,778.9,790.5,824.8],\"text\":\"Diluted—pro forma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":29,\"text\":\"Diluted—pro forma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[839.9,776.1,851.2,793.9],\"lines\":[{\"bbox\":[839.9,776.1,851.2,793.9],\"text\":\"$\"}],\"order\":30,\"text\":\"$\"},{\"bbox\":[881.6,773.0,918.8,792.0],\"lines\":[{\"bbox\":[881.6,773.0,918.8,792.0],\"text\":\"4.34\"}],\"order\":31,\"text\":\"4.34\"},{\"bbox\":[997.7,768.9,1009.0,786.7],\"lines\":[{\"bbox\":[997.7,768.9,1009.0,786.7],\"text\":\"$\"}],\"order\":32,\"text\":\"$\"},{\"bbox\":[1039.4,765.8,1076.6,784.8],\"lines\":[{\"bbox\":[1039.4,765.8,1076.6,784.8],\"text\":\"4.11\"}],\"order\":33,\"text\":\"4.11\"},{\"bbox\":[134.1,832.6,1114.7,1011.2],\"lines\":[{\"bbox\":[175.7,832.6,1109.4,894.8],\"text\":\"In May, 2005, Torchmark executed a voluntary option exercise and restoration program whereby\"},{\"bbox\":[135.1,855.5,1110.3,919.6],\"text\":\"directors and executives exercised their vested options and received a lesser number of new grants at\"},{\"bbox\":[136.2,878.4,1111.4,942.5],\"text\":\"the then current market price. All of these options vested during 2005. As a result of this transaction,\"},{\"bbox\":[137.2,901.3,1112.4,965.4],\"text\":\"Torchmark incurred $20.1 million in pro forma after-tax option expense in 2005. Additionally, a grant to\"},{\"bbox\":[138.3,924.2,1113.6,988.3],\"text\":\"executives made in December, 2004 vested in June, 2005. This grant accounted for $7.0 million in 2005\"},{\"bbox\":[139.3,977.0,464.5,1011.2],\"text\":\"after-tax pro forma option expense.\"}],\"order\":34,\"text\":\"In May, 2005, Torchmark executed a voluntary option exercise and restoration program whereby\\ndirectors and executives exercised their vested options and received a lesser number of new grants at\\nthe then current market price. All of these options vested during 2005. As a result of this transaction,\\nTorchmark incurred $20.1 million in pro forma after-tax option expense in 2005. Additionally, a grant to\\nexecutives made in December, 2004 vested in June, 2005. This grant accounted for $7.0 million in 2005\\nafter-tax pro forma option expense.\"},{\"bbox\":[141.9,1004.4,1121.5,1160.1],\"lines\":[{\"bbox\":[183.6,1004.4,1117.2,1066.5],\"text\":\"The fair value method as outlined by SFAS 123R requires the use of an option valuation model to\"},{\"bbox\":[143.0,1027.3,1118.2,1091.4],\"text\":\"value employee stock options. Torchmark has elected to use the Black-Scholes valuation model for\"},{\"bbox\":[144.1,1050.2,1119.3,1114.3],\"text\":\"option expensing as it had done for the pro forma expense disclosures for periods prior to adoption of\"},{\"bbox\":[145.1,1073.1,1120.4,1137.2],\"text\":\"SFAS 123R. A summary of assumptions for options granted in each of the three years 2004 through 2006\"},{\"bbox\":[146.2,1135.4,265.1,1160.1],\"text\":\"is as follows:\"}],\"order\":35,\"text\":\"The fair value method as outlined by SFAS 123R requires the use of an option valuation model to\\nvalue employee stock options. Torchmark has elected to use the Black-Scholes valuation model for\\noption expensing as it had done for the pro forma expense disclosures for periods prior to adoption of\\nSFAS 123R. A summary of assumptions for options granted in each of the three years 2004 through 2006\\nis as follows:\"},{\"bbox\":[907.7,1158.2,945.5,1175.3],\"lines\":[{\"bbox\":[907.7,1158.2,945.5,1175.3],\"text\":\"2006\"}],\"order\":36,\"text\":\"2006\"},{\"bbox\":[191.7,1191.0,881.9,1308.6],\"lines\":[{\"bbox\":[191.7,1191.0,878.7,1239.9],\"text\":\"Volatility factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[192.7,1213.9,879.7,1262.8],\"text\":\"Dividend yield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[193.8,1236.8,880.8,1285.7],\"text\":\"Expected term (in years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[194.8,1259.7,881.9,1308.6],\"text\":\"Risk-free rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":37,\"text\":\"Volatility factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDividend yield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected term (in years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRisk-free rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[976.0,1155.0,1013.8,1172.1],\"lines\":[{\"bbox\":[976.0,1155.0,1013.8,1172.1],\"text\":\"2005\"}],\"order\":38,\"text\":\"2005\"},{\"bbox\":[1044.3,1151.9,1082.1,1169.0],\"lines\":[{\"bbox\":[1044.3,1151.9,1082.1,1169.0],\"text\":\"2004\"}],\"order\":39,\"text\":\"2004\"},{\"bbox\":[909.4,1180.9,1103.1,1275.6],\"lines\":[{\"bbox\":[909.4,1180.9,1099.9,1206.9],\"text\":\"12.4% 14.8% 20.6%\"},{\"bbox\":[920.9,1203.8,1101.0,1229.3],\"text\":\"0.8% 0.8% 0.8%\"},{\"bbox\":[911.5,1233.7,948.8,1252.7],\"text\":\"4.61\"},{\"bbox\":[979.8,1230.6,1017.1,1249.6],\"text\":\"3.90\"},{\"bbox\":[1048.1,1227.4,1085.4,1246.4],\"text\":\"4.43\"},{\"bbox\":[923.0,1249.6,1103.1,1275.1],\"text\":\"4.5% 3.8% 3.4%\"}],\"order\":40,\"text\":\"12.4% 14.8% 20.6%\\n0.8% 0.8% 0.8%\\n4.61\\n3.90\\n4.43\\n4.5% 3.8% 3.4%\"},{\"bbox\":[155.7,1304.2,1136.3,1482.7],\"lines\":[{\"bbox\":[197.4,1304.2,1130.9,1366.3],\"text\":\"All of the above assumptions, with the exception of the expected term, are obtained from\"},{\"bbox\":[156.8,1327.1,1132.1,1391.1],\"text\":\"independent data services. The expected term is generally derived from Company experience. However,\"},{\"bbox\":[157.8,1350.0,1133.1,1414.0],\"text\":\"expected terms of grants made under the Torchmark Corporation 2005 Incentive Plan (2005 Plan),\"},{\"bbox\":[158.9,1372.9,1134.1,1436.9],\"text\":\"involving grants made in 2005 and 2006, were determined based on the simplified method as permitted\"},{\"bbox\":[159.9,1395.8,1135.2,1459.8],\"text\":\"by Staff Accounting Bulletin 107. This method was used because the 2005 Plan limited grants to a\"},{\"bbox\":[161.0,1418.7,1136.3,1482.7],\"text\":\"maximum contract term of seven years, and Torchmark had no previous experience with seven-year\"}],\"order\":41,\"text\":\"All of the above assumptions, with the exception of the expected term, are obtained from\\nindependent data services. The expected term is generally derived from Company experience. However,\\nexpected terms of grants made under the Torchmark Corporation 2005 Incentive Plan (2005 Plan),\\ninvolving grants made in 2005 and 2006, were determined based on the simplified method as permitted\\nby Staff Accounting Bulletin 107. This method was used because the 2005 Plan limited grants to a\\nmaximum contract term of seven years, and Torchmark had no previous experience with seven-year\"},{\"bbox\":[638.9,1490.5,662.9,1510.8],\"lines\":[{\"bbox\":[638.9,1490.5,662.9,1510.8],\"text\":\"62\"}],\"order\":42,\"text\":\"62\"}],\"doc\":\"fintabnet:GL_2006\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n(Dollar amounts in thousands except per share data)\\n\\nNote 1—Significant Accounting Policies (continued)\\n\\nSFAS 123R provides for two alternative methods of adoption: the “modified retrospective” method\\nand the “modified prospective” method. While the modified retrospective method permits restatement of\\nprior periods for comparability, Torchmark elected to apply the modified prospective method. The\\nmodified prospective method calls for unvested options as of January 1, 2006 and options granted after\\nJanuary 1, 2006 to be expensed in accordance with SFAS 123R after that date. Compensation expense\\nunder the fair value method for prior periods is not reflected in the financial statements of those periods\\nbut is disclosed on a pro forma basis in the Notes to the Consolidated Financial Statements as previously\\nreported. The table below presents Torchmark’s pro forma earnings information as if stock options issued\\nprior to January 1, 2006, were expensed in prior periods.\\n\\nFor the years ended December 31,\\n2005\\n2004\\n\\nNet income as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nStock-based compensation, as reported, net of tax benefit of $342 and $190,\\nrespectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEffect of stock-based compensation, fair value method, net of tax benefit of\\n$19,319 and $4,128, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$495,390\\n\\n$468,555\\n\\n635\\n\\n353\\n\\n(35,952)\\n\\n(7,976)\\n\\nPro forma net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$460,073\\n\\n$460,932\\n\\nEarnings per share:\\nBasic—as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n4.73\\n\\n$\\n\\n4.26\\n\\nBasic—pro forma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n4.39\\n\\n$\\n\\n4.19\\n\\nDiluted—as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n4.68\\n\\n$\\n\\n4.19\\n\\nDiluted—pro forma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n4.34\\n\\n$\\n\\n4.11\\n\\nIn May, 2005, Torchmark executed a voluntary option exercise and restoration program whereby\\ndirectors and executives exercised their vested options and received a lesser number of new grants at\\nthe then current market price. All of these options vested during 2005. As a result of this transaction,\\nTorchmark incurred $20.1 million in pro forma after-tax option expense in 2005. Additionally, a grant to\\nexecutives made in December, 2004 vested in June, 2005. This grant accounted for $7.0 million in 2005\\nafter-tax pro forma option expense.\\n\\nThe fair value method as outlined by SFAS 123R requires the use of an option valuation model to\\nvalue employee stock options. Torchmark has elected to use the Black-Scholes valuation model for\\noption expensing as it had done for the pro forma expense disclosures for periods prior to adoption of\\nSFAS 123R. A summary of assumptions for options granted in each of the three years 2004 through 2006\\nis as follows:\\n\\n2006\\n\\nVolatility factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDividend yield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected term (in years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRisk-free rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2005\\n\\n2004\\n\\n12.4% 14.8% 20.6%\\n0.8% 0.8% 0.8%\\n4.61\\n3.90\\n4.43\\n4.5% 3.8% 3.4%\\n\\nAll of the above assumptions, with the exception of the expected term, are obtained from\\nindependent data services. The expected term is generally derived from Company experience. However,\\nexpected terms of grants made under the Torchmark Corporation 2005 Incentive Plan (2005 Plan),\\ninvolving grants made in 2005 and 2006, were determined based on the simplified method as permitted\\nby Staff Accounting Bulletin 107. This method was used because the 2005 Plan limited grants to a\\nmaximum contract term of seven years, and Torchmark had no previous experience with seven-year\\n\\n62\",\"name\":\"fintabnet.GL_2006_page_78__150dpi_heavy\",\"page_id\":\"fintabnet.GL_2006_page_78\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.633,\"source\":\"fintabnet\",\"source_id\":\"GL_2006_page_78\",\"stack\":[{\"deg\":2.633,\"op\":\"skew\"},{\"amp\":0.184,\"angle\":334.9,\"blob\":0.551,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.67},{\"op\":\"noise\",\"sigma\":15.464},{\"bias\":0.113,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":26}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[115.5,430.3,1094.3,826.9],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33],\"cells\":null}],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n(Dollar amounts in thousands except per share data)\\n\\nNote 1—Significant Accounting Policies (continued)\\n\\nSFAS 123R provides for two alternative methods of adoption: the “modified retrospective” method\\nand the “modified prospective” method. While the modified retrospective method permits restatement of\\nprior periods for comparability, Torchmark elected to apply the modified prospective method. The\\nmodified prospective method calls for unvested options as of January 1, 2006 and options granted after\\nJanuary 1, 2006 to be expensed in accordance with SFAS 123R after that date. Compensation expense\\nunder the fair value method for prior periods is not reflected in the financial statements of those periods\\nbut is disclosed on a pro forma basis in the Notes to the Consolidated Financial Statements as previously\\nreported. The table below presents Torchmark’s pro forma earnings information as if stock options issued\\nprior to January 1, 2006, were expensed in prior periods.\\n\\nFor the years ended December 31,\\n2005\\n2004\\n\\nNet income as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nStock-based compensation, as reported, net of tax benefit of $342 and $190,\\nrespectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEffect of stock-based compensation, fair value method, net of tax benefit of\\n$19,319 and $4,128, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$495,390\\n\\n$468,555\\n\\n635\\n\\n353\\n\\n(35,952)\\n\\n(7,976)\\n\\nPro forma net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$460,073\\n\\n$460,932\\n\\nEarnings per share:\\nBasic—as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n4.73\\n\\n$\\n\\n4.26\\n\\nBasic—pro forma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n4.39\\n\\n$\\n\\n4.19\\n\\nDiluted—as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n4.68\\n\\n$\\n\\n4.19\\n\\nDiluted—pro forma . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n4.34\\n\\n$\\n\\n4.11\\n\\nIn May, 2005, Torchmark executed a voluntary option exercise and restoration program whereby\\ndirectors and executives exercised their vested options and received a lesser number of new grants at\\nthe then current market price. All of these options vested during 2005. As a result of this transaction,\\nTorchmark incurred $20.1 million in pro forma after-tax option expense in 2005. Additionally, a grant to\\nexecutives made in December, 2004 vested in June, 2005. This grant accounted for $7.0 million in 2005\\nafter-tax pro forma option expense.\\n\\nThe fair value method as outlined by SFAS 123R requires the use of an option valuation model to\\nvalue employee stock options. Torchmark has elected to use the Black-Scholes valuation model for\\noption expensing as it had done for the pro forma expense disclosures for periods prior to adoption of\\nSFAS 123R. A summary of assumptions for options granted in each of the three years 2004 through 2006\\nis as follows:\\n\\n2006\\n\\nVolatility factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDividend yield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected term (in years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRisk-free rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2005\\n\\n2004\\n\\n12.4% 14.8% 20.6%\\n0.8% 0.8% 0.8%\\n4.61\\n3.90\\n4.43\\n4.5% 3.8% 3.4%\\n\\nAll of the above assumptions, with the exception of the expected term, are obtained from\\nindependent data services. The expected term is generally derived from Company experience. However,\\nexpected terms of grants made under the Torchmark Corporation 2005 Incentive Plan (2005 Plan),\\ninvolving grants made in 2005 and 2006, were determined based on the simplified method as permitted\\nby Staff Accounting Bulletin 107. This method was used because the 2005 Plan limited grants to a\\nmaximum contract term of seven years, and Torchmark had no previous experience with seven-year\\n\\n62\"},\"name\":\"fintabnet.GL_2006_page_78__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":105308,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:GL_2006\",\"dpi\":150,\"gt_sha256\":\"c892c7413cb403dff674bc0d45f02a240591b63a184f583167a49b079b317c22\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GL_2006_page_78__150dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.GL_2006_page_78\",\"pdf_sha256\":\"4b89cdf1df09eb728c2b935efef5baf128fd3ca006e426d909ea8244671bdf13\",\"px\":[1238,1613],\"scan\":{\"render\":\"00000fe07ffc7ffc001c3f90301430143ffc3ffc3ffe2004300c3ffe3ff80000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"GL_2006_page_78\",\"src\":{\"file_sha256\":\"75cc132c3fc2fdecf9129eeb4b949097e9ff62fe84ace1a5e8ac444505c6f499\",\"render\":\"000007e03ffc3ffc043c3f943814103c3ffc3ffc3ffc000c10083ffc00000000\",\"text\":\"4d15feaa2d8c6a0dccadc0068015104343a0f4b5f8c87a1bf356c9f9a46b5e2b\"},\"stack\":[{\"deg\":2.633,\"op\":\"skew\"},{\"amp\":0.184,\"angle\":334.9,\"blob\":0.551,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.67},{\"op\":\"noise\",\"sigma\":15.464},{\"bias\":0.113,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":26}],\"tools\":\"21647cade0ee\"},\"sha256\":\"4b89cdf1df09eb728c2b935efef5baf128fd3ca006e426d909ea8244671bdf13\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/4b89cdf1df09eb728c2b935efef5baf128fd3ca006e426d909ea8244671bdf13.pdf","asset_sha256":"4b89cdf1df09eb728c2b935efef5baf128fd3ca006e426d909ea8244671bdf13","document_id":"fintabnet:GL_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2006_page_78\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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As these plans are unfunded and all amounts are recognized, funded\"},{\"bbox\":[116.0,265.4,573.8,297.7],\"text\":\"status is equivalent to the accrued benefit liability.\"}],\"order\":2,\"text\":\"The following table presents a reconciliation of the benefit obligation and plan assets from the\\nbeginning to the end of the year. As these plans are unfunded and all amounts are recognized, funded\\nstatus is equivalent to the accrued benefit liability.\"},{\"bbox\":[737.1,297.9,1000.7,362.5],\"lines\":[{\"bbox\":[749.1,298.3,987.4,320.5],\"text\":\"Benefits Other Than Pensions\"},{\"bbox\":[737.6,314.6,1000.0,337.5],\"text\":\"For the year ended December 31,\"},{\"bbox\":[777.6,344.9,815.1,361.3],\"text\":\"2006\"},{\"bbox\":[928.9,340.6,966.4,357.0],\"text\":\"2005\"}],\"order\":3,\"text\":\"Benefits Other Than Pensions\\nFor the year ended December 31,\\n2006\\n2005\"},{\"bbox\":[161.0,375.3,722.1,512.7],\"lines\":[{\"bbox\":[161.0,384.2,408.4,408.6],\"text\":\"Changes in benefit obligation:\"},{\"bbox\":[161.5,396.1,719.8,429.4],\"text\":\"Obligation at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[162.1,417.0,720.4,450.2],\"text\":\"Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[162.7,437.8,721.0,471.1],\"text\":\"Interest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[163.3,458.6,721.6,491.9],\"text\":\"Actuarial loss (gain) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[163.9,479.5,722.1,512.7],\"text\":\"Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Changes in benefit obligation:\\nObligation at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nService cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nActuarial loss (gain) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBenefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[760.6,392.7,843.7,495.6],\"lines\":[{\"bbox\":[760.6,392.8,835.1,412.3],\"text\":\"$ 13,680\"},{\"bbox\":[803.9,413.7,835.7,431.9],\"text\":\"731\"},{\"bbox\":[804.5,434.5,836.3,452.7],\"text\":\"927\"},{\"bbox\":[798.8,455.2,843.1,473.7],\"text\":\"(278)\"},{\"bbox\":[799.4,476.0,843.7,494.6],\"text\":\"(856)\"}],\"order\":5,\"text\":\"$ 13,680\\n731\\n927\\n(278)\\n(856)\"},{\"bbox\":[912.0,388.3,995.1,491.3],\"lines\":[{\"bbox\":[912.0,388.5,986.5,408.0],\"text\":\"$ 13,040\"},{\"bbox\":[955.3,409.4,987.1,427.6],\"text\":\"735\"},{\"bbox\":[955.9,430.2,987.6,448.4],\"text\":\"891\"},{\"bbox\":[950.2,450.8,994.5,469.4],\"text\":\"(211)\"},{\"bbox\":[950.8,471.7,995.1,490.3],\"text\":\"(775)\"}],\"order\":6,\"text\":\"$ 13,040\\n735\\n891\\n(211)\\n(775)\"},{\"bbox\":[164.8,508.6,723.0,541.9],\"lines\":[{\"bbox\":[164.8,508.6,723.0,541.9],\"text\":\"Obligation at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Obligation at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[780.5,505.3,838.3,524.3],\"lines\":[{\"bbox\":[780.5,505.3,838.3,524.3],\"text\":\"14,204\"}],\"order\":8,\"text\":\"14,204\"},{\"bbox\":[931.8,501.0,989.7,520.0],\"lines\":[{\"bbox\":[931.8,501.0,989.7,520.0],\"text\":\"13,680\"}],\"order\":9,\"text\":\"13,680\"},{\"bbox\":[165.8,546.1,726.4,662.7],\"lines\":[{\"bbox\":[165.8,556.3,366.3,579.4],\"text\":\"Changes in plan assets:\"},{\"bbox\":[166.4,566.9,724.6,600.2],\"text\":\"Fair value at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[167.0,587.8,725.2,621.0],\"text\":\"Return on assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[167.6,608.6,725.8,641.9],\"text\":\"Contributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[168.2,629.4,726.4,662.7],\"text\":\"Benefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":10,\"text\":\"Changes in plan assets:\\nFair value at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nReturn on assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nContributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBenefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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.\"},{\"bbox\":[819.2,655.3,842.6,673.3],\"lines\":[{\"bbox\":[819.2,655.3,842.6,673.3],\"text\":\"-0-\"}],\"order\":14,\"text\":\"-0-\"},{\"bbox\":[970.5,651.0,993.9,669.0],\"lines\":[{\"bbox\":[970.5,651.0,993.9,669.0],\"text\":\"-0-\"}],\"order\":15,\"text\":\"-0-\"},{\"bbox\":[188.6,687.8,728.1,720.5],\"lines\":[{\"bbox\":[188.6,687.8,728.1,720.5],\"text\":\"Funded status at year end . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":16,\"text\":\"Funded status at year end . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[768.9,684.3,849.7,703.9],\"lines\":[{\"bbox\":[768.9,684.3,849.7,703.9],\"text\":\"$(14,204)\"}],\"order\":17,\"text\":\"$(14,204)\"},{\"bbox\":[920.3,680.0,1001.0,699.6],\"lines\":[{\"bbox\":[920.3,680.0,1001.0,699.6],\"text\":\"$(13,680)\"}],\"order\":18,\"text\":\"$(13,680)\"},{\"bbox\":[171.6,746.7,728.0,781.9],\"lines\":[{\"bbox\":[171.6,746.7,728.0,781.9],\"text\":\"No amounts were unrecognized at the respective year ends.\"}],\"order\":19,\"text\":\"No amounts were unrecognized at the respective year ends.\"},{\"bbox\":[131.3,783.9,1106.2,853.9],\"lines\":[{\"bbox\":[172.9,783.9,1105.6,829.8],\"text\":\"The table below presents the assumptions used to determine the liabilities and costs of Torchmark’s\"},{\"bbox\":[131.9,821.5,591.2,853.9],\"text\":\"post-retirement benefit plans other than pensions.\"}],\"order\":20,\"text\":\"The table below presents the assumptions used to determine the liabilities and costs of Torchmark’s\\npost-retirement benefit plans other than pensions.\"},{\"bbox\":[361.3,875.8,882.3,934.9],\"lines\":[{\"bbox\":[361.3,875.8,881.6,909.9],\"text\":\"Weighted Average Assumptions for Post-Retirement\"},{\"bbox\":[448.3,903.2,796.2,932.4],\"text\":\"Benefit Plans Other Than Pensions\"}],\"order\":21,\"text\":\"Weighted Average Assumptions for Post-Retirement\\nBenefit Plans Other Than Pensions\"},{\"bbox\":[219.1,959.6,554.0,986.5],\"lines\":[{\"bbox\":[219.1,959.6,554.0,986.5],\"text\":\"For Benefit Obligations at December 31:\"}],\"order\":22,\"text\":\"For Benefit Obligations at December 31:\"},{\"bbox\":[854.2,968.1,891.8,984.6],\"lines\":[{\"bbox\":[854.2,968.1,891.8,984.6],\"text\":\"2006\"}],\"order\":23,\"text\":\"2006\"},{\"bbox\":[258.0,997.7,824.9,1052.1],\"lines\":[{\"bbox\":[258.0,997.7,824.3,1031.2],\"text\":\"Discount Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[258.6,1018.6,824.9,1052.1],\"text\":\"Rate of Compensation Increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":24,\"text\":\"Discount Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of Compensation Increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[922.6,966.2,960.1,982.7],\"lines\":[{\"bbox\":[922.6,966.2,960.1,982.7],\"text\":\"2005\"}],\"order\":25,\"text\":\"2005\"},{\"bbox\":[855.3,993.4,977.9,1035.0],\"lines\":[{\"bbox\":[855.3,993.4,977.3,1014.2],\"text\":\"6.22% 7.00%\"},{\"bbox\":[855.9,1016.6,892.9,1035.0],\"text\":\"4.50\"},{\"bbox\":[924.3,1014.7,961.3,1033.1],\"text\":\"4.50\"}],\"order\":26,\"text\":\"6.22% 7.00%\\n4.50\\n4.50\"},{\"bbox\":[222.4,1074.7,539.6,1101.1],\"lines\":[{\"bbox\":[222.4,1074.7,539.6,1101.1],\"text\":\"For Periodic Benefit Cost for the Year:\"}],\"order\":27,\"text\":\"For Periodic Benefit Cost for the Year:\"},{\"bbox\":[857.5,1082.7,895.0,1099.2],\"lines\":[{\"bbox\":[857.5,1082.7,895.0,1099.2],\"text\":\"2006\"}],\"order\":28,\"text\":\"2006\"},{\"bbox\":[261.2,1112.3,828.2,1166.6],\"lines\":[{\"bbox\":[261.2,1112.3,827.6,1145.8],\"text\":\"Discount Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[261.8,1133.2,828.2,1166.6],\"text\":\"Rate of Compensation Increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":29,\"text\":\"Discount Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of Compensation Increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[925.9,1080.8,963.4,1097.2],\"lines\":[{\"bbox\":[925.9,1080.8,963.4,1097.2],\"text\":\"2005\"}],\"order\":30,\"text\":\"2005\"},{\"bbox\":[994.2,1078.8,1031.7,1095.3],\"lines\":[{\"bbox\":[994.2,1078.8,1031.7,1095.3],\"text\":\"2004\"}],\"order\":31,\"text\":\"2004\"},{\"bbox\":[858.6,1106.0,1049.5,1149.6],\"lines\":[{\"bbox\":[858.6,1106.0,1048.9,1128.8],\"text\":\"7.00% 7.05% 7.25%\"},{\"bbox\":[859.2,1131.2,896.2,1149.6],\"text\":\"4.50\"},{\"bbox\":[927.5,1129.3,964.5,1147.6],\"text\":\"4.50\"},{\"bbox\":[995.9,1127.3,1032.9,1145.7],\"text\":\"4.50\"}],\"order\":32,\"text\":\"7.00% 7.05% 7.25%\\n4.50\\n4.50\\n4.50\"},{\"bbox\":[142.3,1171.3,1121.9,1355.9],\"lines\":[{\"bbox\":[184.0,1171.3,1117.9,1217.2],\"text\":\"For measurement purposes of the healthcare benefits, a range of 7-10% annual rate of increase in\"},{\"bbox\":[143.0,1194.3,1118.5,1241.4],\"text\":\"per capita cost of covered healthcare benefits was assumed for the years 2004 through 2006. Torchmark\"},{\"bbox\":[143.6,1217.2,1119.2,1264.3],\"text\":\"has assumed that the health care cost trend rate will remain stable at the 7-10% range in future periods.\"},{\"bbox\":[144.3,1240.1,1119.9,1287.2],\"text\":\"This trend rate assumption could have a significant effect on the amounts reported. However, because\"},{\"bbox\":[144.9,1263.0,1120.5,1310.1],\"text\":\"participants substantially pay the cost of this benefit, a 1% increase or decrease in the health care cost\"},{\"bbox\":[145.6,1285.9,1121.2,1333.0],\"text\":\"trend rate is not expected to have a significant effect in the service and interest cost components, nor is\"},{\"bbox\":[146.2,1317.1,832.2,1355.9],\"text\":\"the effect on the plan’s benefit obligation expected to exceed $1 thousand.\"}],\"order\":33,\"text\":\"For measurement purposes of the healthcare benefits, a range of 7-10% annual rate of increase in\\nper capita cost of covered healthcare benefits was assumed for the years 2004 through 2006. Torchmark\\nhas assumed that the health care cost trend rate will remain stable at the 7-10% range in future periods.\\nThis trend rate assumption could have a significant effect on the amounts reported. However, because\\nparticipants substantially pay the cost of this benefit, a 1% increase or decrease in the health care cost\\ntrend rate is not expected to have a significant effect in the service and interest cost components, nor is\\nthe effect on the plan’s benefit obligation expected to exceed $1 thousand.\"},{\"bbox\":[627.0,1491.1,650.7,1511.1],\"lines\":[{\"bbox\":[627.0,1491.1,650.7,1511.1],\"text\":\"79\"}],\"order\":34,\"text\":\"79\"}],\"doc\":\"fintabnet:GL_2006\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n(Dollar amounts in thousands except per share data)\\n\\nNote 9—Postretirement Benefits (continued)\\n\\nThe following table presents a reconciliation of the benefit obligation and plan assets from the\\nbeginning to the end of the year. As these plans are unfunded and all amounts are recognized, funded\\nstatus is equivalent to the accrued benefit liability.\\n\\nBenefits Other Than Pensions\\nFor the year ended December 31,\\n2006\\n2005\\n\\nChanges in benefit obligation:\\nObligation at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nService cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nActuarial loss (gain) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBenefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 13,680\\n731\\n927\\n(278)\\n(856)\\n\\n$ 13,040\\n735\\n891\\n(211)\\n(775)\\n\\nObligation at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n14,204\\n\\n13,680\\n\\nChanges in plan assets:\\nFair value at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nReturn on assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nContributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBenefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n-0-\\n-0-\\n856\\n(856)\\n\\n-0-\\n-0-\\n775\\n(775)\\n\\nFair value at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n-0-\\n\\n-0-\\n\\nFunded status at year end . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$(14,204)\\n\\n$(13,680)\\n\\nNo amounts were unrecognized at the respective year ends.\\n\\nThe table below presents the assumptions used to determine the liabilities and costs of Torchmark’s\\npost-retirement benefit plans other than pensions.\\n\\nWeighted Average Assumptions for Post-Retirement\\nBenefit Plans Other Than Pensions\\n\\nFor Benefit Obligations at December 31:\\n\\n2006\\n\\nDiscount Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of Compensation Increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2005\\n\\n6.22% 7.00%\\n4.50\\n4.50\\n\\nFor Periodic Benefit Cost for the Year:\\n\\n2006\\n\\nDiscount Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of Compensation Increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2005\\n\\n2004\\n\\n7.00% 7.05% 7.25%\\n4.50\\n4.50\\n4.50\\n\\nFor measurement purposes of the healthcare benefits, a range of 7-10% annual rate of increase in\\nper capita cost of covered healthcare benefits was assumed for the years 2004 through 2006. Torchmark\\nhas assumed that the health care cost trend rate will remain stable at the 7-10% range in future periods.\\nThis trend rate assumption could have a significant effect on the amounts reported. However, because\\nparticipants substantially pay the cost of this benefit, a 1% increase or decrease in the health care cost\\ntrend rate is not expected to have a significant effect in the service and interest cost components, nor is\\nthe effect on the plan’s benefit obligation expected to exceed $1 thousand.\\n\\n79\",\"name\":\"fintabnet.GL_2006_page_95__150dpi_medium\",\"page_id\":\"fintabnet.GL_2006_page_95\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.635,\"source\":\"fintabnet\",\"source_id\":\"GL_2006_page_95\",\"stack\":[{\"deg\":1.635,\"op\":\"skew\"},{\"amp\":0.136,\"angle\":77.9,\"blob\":0.335,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.869},{\"op\":\"noise\",\"sigma\":8.994},{\"gain\":0.846,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":51}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[158.9,293.8,1010.5,721.4],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18],\"cells\":null}],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n(Dollar amounts in thousands except per share data)\\n\\nNote 9—Postretirement Benefits (continued)\\n\\nThe following table presents a reconciliation of the benefit obligation and plan assets from the\\nbeginning to the end of the year. As these plans are unfunded and all amounts are recognized, funded\\nstatus is equivalent to the accrued benefit liability.\\n\\nBenefits Other Than Pensions\\nFor the year ended December 31,\\n2006\\n2005\\n\\nChanges in benefit obligation:\\nObligation at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nService cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nActuarial loss (gain) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBenefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 13,680\\n731\\n927\\n(278)\\n(856)\\n\\n$ 13,040\\n735\\n891\\n(211)\\n(775)\\n\\nObligation at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n14,204\\n\\n13,680\\n\\nChanges in plan assets:\\nFair value at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nReturn on assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nContributions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBenefits paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n-0-\\n-0-\\n856\\n(856)\\n\\n-0-\\n-0-\\n775\\n(775)\\n\\nFair value at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n-0-\\n\\n-0-\\n\\nFunded status at year end . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$(14,204)\\n\\n$(13,680)\\n\\nNo amounts were unrecognized at the respective year ends.\\n\\nThe table below presents the assumptions used to determine the liabilities and costs of Torchmark’s\\npost-retirement benefit plans other than pensions.\\n\\nWeighted Average Assumptions for Post-Retirement\\nBenefit Plans Other Than Pensions\\n\\nFor Benefit Obligations at December 31:\\n\\n2006\\n\\nDiscount Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of Compensation Increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2005\\n\\n6.22% 7.00%\\n4.50\\n4.50\\n\\nFor Periodic Benefit Cost for the Year:\\n\\n2006\\n\\nDiscount Rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of Compensation Increase . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2005\\n\\n2004\\n\\n7.00% 7.05% 7.25%\\n4.50\\n4.50\\n4.50\\n\\nFor measurement purposes of the healthcare benefits, a range of 7-10% annual rate of increase in\\nper capita cost of covered healthcare benefits was assumed for the years 2004 through 2006. Torchmark\\nhas assumed that the health care cost trend rate will remain stable at the 7-10% range in future periods.\\nThis trend rate assumption could have a significant effect on the amounts reported. However, because\\nparticipants substantially pay the cost of this benefit, a 1% increase or decrease in the health care cost\\ntrend rate is not expected to have a significant effect in the service and interest cost components, nor is\\nthe effect on the plan’s benefit obligation expected to exceed $1 thousand.\\n\\n79\"},\"name\":\"fintabnet.GL_2006_page_95__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":198662,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:GL_2006\",\"dpi\":150,\"gt_sha256\":\"be24186bb7efb250518810a124c984810ccbe9361d4a8624e43fbda5fcd17cbb\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GL_2006_page_95__150dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.GL_2006_page_95\",\"pdf_sha256\":\"54537d39618a57fc9da5fd391811de0dc5ce857468427a8eb1aae96a966d1658\",\"px\":[1238,1613],\"scan\":{\"render\":\"00000fe07ffc003830283808302810ac3fe00258181c1efe3ffe3fe000000003\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"GL_2006_page_95\",\"src\":{\"file_sha256\":\"b7d1c16d9cef71b60d779d0001a7cbffa3bc478ce52d2f5c51ad71b46e726198\",\"render\":\"00000ff03ffc00783c28382838281ff81fe01f501e183ffc3ffc000000000000\",\"text\":\"1fe9bd6ac59823693bc7cf2f9dc034bf4747d330660fd5b60be393294340be6a\"},\"stack\":[{\"deg\":1.635,\"op\":\"skew\"},{\"amp\":0.136,\"angle\":77.9,\"blob\":0.335,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.869},{\"op\":\"noise\",\"sigma\":8.994},{\"gain\":0.846,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":51}],\"tools\":\"21647cade0ee\"},\"sha256\":\"54537d39618a57fc9da5fd391811de0dc5ce857468427a8eb1aae96a966d1658\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/54537d39618a57fc9da5fd391811de0dc5ce857468427a8eb1aae96a966d1658.pdf","asset_sha256":"54537d39618a57fc9da5fd391811de0dc5ce857468427a8eb1aae96a966d1658","document_id":"fintabnet:GL_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2006_page_95\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2007_page_20\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:GL_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[379.7,77.5,445.3,90.4],\"lines\":[{\"bbox\":[379.7,77.5,445.3,90.4],\"text\":\"Insurance\"}],\"order\":0,\"text\":\"Insurance\"},{\"bbox\":[87.5,106.8,181.7,119.6],\"lines\":[{\"bbox\":[87.5,106.8,181.7,119.6],\"text\":\"Life Insurance\"}],\"order\":1,\"text\":\"Life Insurance\"},{\"bbox\":[87.5,129.7,737.6,175.9],\"lines\":[{\"bbox\":[115.3,129.7,737.6,142.5],\"text\":\"Torchmark’s insurance subsidiaries write a variety of nonparticipating ordinary life insurance\"},{\"bbox\":[87.5,146.3,737.5,159.2],\"text\":\"products. These include traditional and interest sensitive whole-life insurance, term life insurance, and\"},{\"bbox\":[87.5,163.0,715.0,175.9],\"text\":\"other life insurance. The following table presents selected information about Torchmark’s life products.\"}],\"order\":2,\"text\":\"Torchmark’s insurance subsidiaries write a variety of nonparticipating ordinary life insurance\\nproducts. These include traditional and interest sensitive whole-life insurance, term life insurance, and\\nother life insurance. The following table presents selected information about Torchmark’s life products.\"},{\"bbox\":[465.1,189.5,662.7,241.2],\"lines\":[{\"bbox\":[484.0,189.5,643.8,202.3],\"text\":\"(Amounts in thousands)\"},{\"bbox\":[466.2,208.9,661.6,221.8],\"text\":\"Annualized Premium in Force\"},{\"bbox\":[465.1,228.4,496.0,241.2],\"text\":\"2007\"},{\"bbox\":[548.5,228.4,579.4,241.2],\"text\":\"2006\"},{\"bbox\":[631.8,228.4,662.7,241.2],\"text\":\"2005\"}],\"order\":3,\"text\":\"(Amounts in thousands)\\nAnnualized Premium in Force\\n2007\\n2006\\n2005\"},{\"bbox\":[143.1,250.6,431.9,330.1],\"lines\":[{\"bbox\":[143.1,250.6,207.9,263.4],\"text\":\"Whole life:\"},{\"bbox\":[156.9,267.2,431.9,280.1],\"text\":\"Traditional . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[156.9,283.9,431.9,296.8],\"text\":\"Interest-sensitive . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[143.1,300.6,431.9,313.4],\"text\":\"Term . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[143.1,317.2,431.9,330.1],\"text\":\"Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Whole life:\\nTraditional . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest-sensitive . . . . . . . . . . . . . . . . . . . . . . .\\nTerm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[445.8,267.2,682.0,330.1],\"lines\":[{\"bbox\":[445.8,267.2,682.0,280.1],\"text\":\"$ 975,475 $ 934,553 $ 911,444\"},{\"bbox\":[465.1,283.9,515.3,296.8],\"text\":\"118,701\"},{\"bbox\":[548.5,283.9,598.7,296.8],\"text\":\"123,802\"},{\"bbox\":[631.8,283.9,682.0,296.8],\"text\":\"128,409\"},{\"bbox\":[465.1,300.6,515.3,313.4],\"text\":\"525,279\"},{\"bbox\":[548.5,300.6,598.7,313.4],\"text\":\"506,921\"},{\"bbox\":[631.8,300.6,682.0,313.4],\"text\":\"492,409\"},{\"bbox\":[472.8,317.2,515.3,330.1],\"text\":\"53,410\"},{\"bbox\":[556.2,317.2,598.7,330.1],\"text\":\"50,211\"},{\"bbox\":[639.5,317.2,682.0,330.1],\"text\":\"45,373\"}],\"order\":5,\"text\":\"$ 975,475 $ 934,553 $ 911,444\\n118,701\\n123,802\\n128,409\\n525,279\\n506,921\\n492,409\\n53,410\\n50,211\\n45,373\"},{\"bbox\":[445.8,339.5,682.0,352.3],\"lines\":[{\"bbox\":[445.8,339.5,682.0,352.3],\"text\":\"$1,672,865 $1,615,487 $1,577,635\"}],\"order\":6,\"text\":\"$1,672,865 $1,615,487 $1,577,635\"},{\"bbox\":[87.5,377.0,737.6,439.9],\"lines\":[{\"bbox\":[115.3,377.0,737.6,389.9],\"text\":\"The distribution methods for life insurance products include sales by direct response, exclusive\"},{\"bbox\":[87.5,393.7,737.5,406.6],\"text\":\"agents and independent agents. These methods are described in more depth in the Distribution Method\"},{\"bbox\":[87.5,410.4,737.6,423.2],\"text\":\"chart earlier in this report. The following table presents life annualized premium in force by distribution\"},{\"bbox\":[87.5,427.0,137.7,439.9],\"text\":\"method.\"}],\"order\":7,\"text\":\"The distribution methods for life insurance products include sales by direct response, exclusive\\nagents and independent agents. These methods are described in more depth in the Distribution Method\\nchart earlier in this report. The following table presents life annualized premium in force by distribution\\nmethod.\"},{\"bbox\":[465.1,453.5,662.7,505.2],\"lines\":[{\"bbox\":[484.0,453.5,643.8,466.3],\"text\":\"(Amounts in thousands)\"},{\"bbox\":[466.2,472.9,661.6,485.8],\"text\":\"Annualized Premium in Force\"},{\"bbox\":[465.1,492.4,496.0,505.2],\"text\":\"2007\"},{\"bbox\":[548.5,492.4,579.4,505.2],\"text\":\"2006\"},{\"bbox\":[631.8,492.4,662.7,505.2],\"text\":\"2005\"}],\"order\":8,\"text\":\"(Amounts in thousands)\\nAnnualized Premium in Force\\n2007\\n2006\\n2005\"},{\"bbox\":[143.1,514.6,431.9,644.1],\"lines\":[{\"bbox\":[143.1,514.6,431.9,527.5],\"text\":\"Direct response . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[143.1,531.3,252.6,544.1],\"text\":\"Exclusive Agents:\"},{\"bbox\":[156.9,547.9,431.9,560.8],\"text\":\"American Income . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[156.9,564.6,431.9,577.5],\"text\":\"Liberty National . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[156.9,581.3,431.9,594.1],\"text\":\"United American . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[143.1,597.9,271.2,610.8],\"text\":\"Independent Agents:\"},{\"bbox\":[156.9,614.6,431.9,627.5],\"text\":\"United American . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[156.9,631.3,431.9,644.1],\"text\":\"Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"Direct response . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExclusive Agents:\\nAmerican Income . . . . . . . . . . . . . . . . . . . . . .\\nLiberty National . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited American . . . . . . . . . . . . . . . . . . . . . . .\\nIndependent Agents:\\nUnited American . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[445.8,514.6,682.0,527.5],\"lines\":[{\"bbox\":[445.8,514.6,682.0,527.5],\"text\":\"$ 530,137 $ 496,772 $ 472,733\"}],\"order\":10,\"text\":\"$ 530,137 $ 496,772 $ 472,733\"},{\"bbox\":[465.1,547.9,515.3,594.1],\"lines\":[{\"bbox\":[465.1,547.9,515.3,560.8],\"text\":\"469,486\"},{\"bbox\":[465.1,564.6,515.3,577.5],\"text\":\"304,584\"},{\"bbox\":[472.8,581.3,515.3,594.1],\"text\":\"18,140\"}],\"order\":11,\"text\":\"469,486\\n304,584\\n18,140\"},{\"bbox\":[548.5,547.9,598.7,594.1],\"lines\":[{\"bbox\":[548.5,547.9,598.7,560.8],\"text\":\"430,598\"},{\"bbox\":[548.5,564.6,598.7,577.5],\"text\":\"311,975\"},{\"bbox\":[556.2,581.3,598.7,594.1],\"text\":\"16,710\"}],\"order\":12,\"text\":\"430,598\\n311,975\\n16,710\"},{\"bbox\":[631.8,547.9,682.0,594.1],\"lines\":[{\"bbox\":[631.8,547.9,682.0,560.8],\"text\":\"403,333\"},{\"bbox\":[631.8,564.6,682.0,577.5],\"text\":\"318,435\"},{\"bbox\":[639.5,581.3,682.0,594.1],\"text\":\"17,315\"}],\"order\":13,\"text\":\"403,333\\n318,435\\n17,315\"},{\"bbox\":[465.1,614.6,515.3,644.1],\"lines\":[{\"bbox\":[472.8,614.6,515.3,627.5],\"text\":\"34,758\"},{\"bbox\":[465.1,631.3,515.3,644.1],\"text\":\"315,760\"}],\"order\":14,\"text\":\"34,758\\n315,760\"},{\"bbox\":[548.5,614.6,598.7,644.1],\"lines\":[{\"bbox\":[556.2,614.6,598.7,627.5],\"text\":\"39,613\"},{\"bbox\":[548.5,631.3,598.7,644.1],\"text\":\"319,819\"}],\"order\":15,\"text\":\"39,613\\n319,819\"},{\"bbox\":[631.8,614.6,682.0,644.1],\"lines\":[{\"bbox\":[639.5,614.6,682.0,627.5],\"text\":\"44,819\"},{\"bbox\":[631.8,631.3,682.0,644.1],\"text\":\"321,000\"}],\"order\":16,\"text\":\"44,819\\n321,000\"},{\"bbox\":[445.8,653.5,682.0,666.3],\"lines\":[{\"bbox\":[445.8,653.5,682.0,666.3],\"text\":\"$1,672,865 $1,615,487 $1,577,635\"}],\"order\":17,\"text\":\"$1,672,865 $1,615,487 $1,577,635\"},{\"bbox\":[87.5,697.3,199.4,710.2],\"lines\":[{\"bbox\":[87.5,697.3,199.4,710.2],\"text\":\"Health Insurance\"}],\"order\":18,\"text\":\"Health Insurance\"},{\"bbox\":[87.5,718.8,737.6,823.4],\"lines\":[{\"bbox\":[115.3,718.8,737.6,731.7],\"text\":\"Torchmark offers supplemental limited-benefit health insurance products that include hospital/\"},{\"bbox\":[87.5,734.1,737.6,747.0],\"text\":\"surgical plans, cancer, and accident plans sold to individuals under age 65. These policies are designed\"},{\"bbox\":[87.5,749.4,737.6,762.2],\"text\":\"to supplement health coverage that applicants already own or to provide affordable, limited-benefit\"},{\"bbox\":[87.5,764.7,737.6,777.5],\"text\":\"coverage to individuals without access to more comprehensive coverage. Medicare Supplements are also\"},{\"bbox\":[87.5,780.0,737.6,792.8],\"text\":\"offered to enrollees in the traditional fee-for-service Medicare program. All Medicare Supplement plans\"},{\"bbox\":[87.5,795.2,737.5,808.1],\"text\":\"are standardized by federal regulation and are designed to pay deductibles and co-payments not paid by\"},{\"bbox\":[87.5,810.5,624.0,823.4],\"text\":\"Medicare. We also began offering Medicare Part D prescription drug insurance in 2006.\"}],\"order\":19,\"text\":\"Torchmark offers supplemental limited-benefit health insurance products that include hospital/\\nsurgical plans, cancer, and accident plans sold to individuals under age 65. These policies are designed\\nto supplement health coverage that applicants already own or to provide affordable, limited-benefit\\ncoverage to individuals without access to more comprehensive coverage. Medicare Supplements are also\\noffered to enrollees in the traditional fee-for-service Medicare program. All Medicare Supplement plans\\nare standardized by federal regulation and are designed to pay deductibles and co-payments not paid by\\nMedicare. We also began offering Medicare Part D prescription drug insurance in 2006.\"},{\"bbox\":[87.5,838.4,737.6,973.4],\"lines\":[{\"bbox\":[115.3,838.4,737.5,851.2],\"text\":\"Health plans are offered through the Company’s exclusive and independent agents and direct\"},{\"bbox\":[87.5,853.6,737.6,866.5],\"text\":\"response, with the United American agencies being the leading writers in the three-year period ended\"},{\"bbox\":[87.5,868.9,737.5,881.8],\"text\":\"December 31, 2007, selling predominantly hospital/surgical plans. As shown in the charts below, net\"},{\"bbox\":[87.5,884.2,737.4,897.0],\"text\":\"sales of limited-benefit plans exceeded net sales of Medicare Supplements in all years of the three-year-\"},{\"bbox\":[87.5,899.5,737.5,912.3],\"text\":\"period ended December 31, 2007, but Medicare Supplement premium in force exceeded that of limited-\"},{\"bbox\":[87.5,914.8,737.1,927.6],\"text\":\"benefit plans during 2006 and 2005. At December 31, 2007, limited-benefit health premium in force\"},{\"bbox\":[87.5,930.0,737.5,942.9],\"text\":\"exceeded Medicare Supplement for the first time since Torchmark’s formation. These data reflect the\"},{\"bbox\":[87.5,945.3,737.5,958.2],\"text\":\"change in product mix being sold from predominantly Medicare Supplements in prior years to\"},{\"bbox\":[87.5,960.6,475.8,973.4],\"text\":\"predominantly limited-benefit plans in the more current periods.\"}],\"order\":20,\"text\":\"Health plans are offered through the Company’s exclusive and independent agents and direct\\nresponse, with the United American agencies being the leading writers in the three-year period ended\\nDecember 31, 2007, selling predominantly hospital/surgical plans. As shown in the charts below, net\\nsales of limited-benefit plans exceeded net sales of Medicare Supplements in all years of the three-year-\\nperiod ended December 31, 2007, but Medicare Supplement premium in force exceeded that of limited-\\nbenefit plans during 2006 and 2005. At December 31, 2007, limited-benefit health premium in force\\nexceeded Medicare Supplement for the first time since Torchmark’s formation. These data reflect the\\nchange in product mix being sold from predominantly Medicare Supplements in prior years to\\npredominantly limited-benefit plans in the more current periods.\"},{\"bbox\":[408.6,994.2,416.3,1007.0],\"lines\":[{\"bbox\":[408.6,994.2,416.3,1007.0],\"text\":\"2\"}],\"order\":21,\"text\":\"2\"}],\"doc\":\"fintabnet:GL_2007\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"Insurance\\n\\nLife Insurance\\n\\nTorchmark’s insurance subsidiaries write a variety of nonparticipating ordinary life insurance\\nproducts. These include traditional and interest sensitive whole-life insurance, term life insurance, and\\nother life insurance. The following table presents selected information about Torchmark’s life products.\\n\\n(Amounts in thousands)\\nAnnualized Premium in Force\\n2007\\n2006\\n2005\\n\\nWhole life:\\nTraditional . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest-sensitive . . . . . . . . . . . . . . . . . . . . . . .\\nTerm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 975,475 $ 934,553 $ 911,444\\n118,701\\n123,802\\n128,409\\n525,279\\n506,921\\n492,409\\n53,410\\n50,211\\n45,373\\n\\n$1,672,865 $1,615,487 $1,577,635\\n\\nThe distribution methods for life insurance products include sales by direct response, exclusive\\nagents and independent agents. These methods are described in more depth in the Distribution Method\\nchart earlier in this report. The following table presents life annualized premium in force by distribution\\nmethod.\\n\\n(Amounts in thousands)\\nAnnualized Premium in Force\\n2007\\n2006\\n2005\\n\\nDirect response . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExclusive Agents:\\nAmerican Income . . . . . . . . . . . . . . . . . . . . . .\\nLiberty National . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited American . . . . . . . . . . . . . . . . . . . . . . .\\nIndependent Agents:\\nUnited American . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 530,137 $ 496,772 $ 472,733\\n\\n469,486\\n304,584\\n18,140\\n\\n430,598\\n311,975\\n16,710\\n\\n403,333\\n318,435\\n17,315\\n\\n34,758\\n315,760\\n\\n39,613\\n319,819\\n\\n44,819\\n321,000\\n\\n$1,672,865 $1,615,487 $1,577,635\\n\\nHealth Insurance\\n\\nTorchmark offers supplemental limited-benefit health insurance products that include hospital/\\nsurgical plans, cancer, and accident plans sold to individuals under age 65. These policies are designed\\nto supplement health coverage that applicants already own or to provide affordable, limited-benefit\\ncoverage to individuals without access to more comprehensive coverage. Medicare Supplements are also\\noffered to enrollees in the traditional fee-for-service Medicare program. All Medicare Supplement plans\\nare standardized by federal regulation and are designed to pay deductibles and co-payments not paid by\\nMedicare. We also began offering Medicare Part D prescription drug insurance in 2006.\\n\\nHealth plans are offered through the Company’s exclusive and independent agents and direct\\nresponse, with the United American agencies being the leading writers in the three-year period ended\\nDecember 31, 2007, selling predominantly hospital/surgical plans. As shown in the charts below, net\\nsales of limited-benefit plans exceeded net sales of Medicare Supplements in all years of the three-year-\\nperiod ended December 31, 2007, but Medicare Supplement premium in force exceeded that of limited-\\nbenefit plans during 2006 and 2005. At December 31, 2007, limited-benefit health premium in force\\nexceeded Medicare Supplement for the first time since Torchmark’s formation. These data reflect the\\nchange in product mix being sold from predominantly Medicare Supplements in prior years to\\npredominantly limited-benefit plans in the more current periods.\\n\\n2\",\"name\":\"fintabnet.GL_2007_page_20__100dpi_none\",\"page_id\":\"fintabnet.GL_2007_page_20\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"GL_2007_page_20\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[143.1,186.1,682.0,352.6],\"block_orders\":[3,4,5,6],\"cells\":null}],\"text\":\"Insurance\\n\\nLife Insurance\\n\\nTorchmark’s insurance subsidiaries write a variety of nonparticipating ordinary life insurance\\nproducts. These include traditional and interest sensitive whole-life insurance, term life insurance, and\\nother life insurance. The following table presents selected information about Torchmark’s life products.\\n\\n(Amounts in thousands)\\nAnnualized Premium in Force\\n2007\\n2006\\n2005\\n\\nWhole life:\\nTraditional . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest-sensitive . . . . . . . . . . . . . . . . . . . . . . .\\nTerm . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 975,475 $ 934,553 $ 911,444\\n118,701\\n123,802\\n128,409\\n525,279\\n506,921\\n492,409\\n53,410\\n50,211\\n45,373\\n\\n$1,672,865 $1,615,487 $1,577,635\\n\\nThe distribution methods for life insurance products include sales by direct response, exclusive\\nagents and independent agents. These methods are described in more depth in the Distribution Method\\nchart earlier in this report. The following table presents life annualized premium in force by distribution\\nmethod.\\n\\n(Amounts in thousands)\\nAnnualized Premium in Force\\n2007\\n2006\\n2005\\n\\nDirect response . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExclusive Agents:\\nAmerican Income . . . . . . . . . . . . . . . . . . . . . .\\nLiberty National . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited American . . . . . . . . . . . . . . . . . . . . . . .\\nIndependent Agents:\\nUnited American . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 530,137 $ 496,772 $ 472,733\\n\\n469,486\\n304,584\\n18,140\\n\\n430,598\\n311,975\\n16,710\\n\\n403,333\\n318,435\\n17,315\\n\\n34,758\\n315,760\\n\\n39,613\\n319,819\\n\\n44,819\\n321,000\\n\\n$1,672,865 $1,615,487 $1,577,635\\n\\nHealth Insurance\\n\\nTorchmark offers supplemental limited-benefit health insurance products that include hospital/\\nsurgical plans, cancer, and accident plans sold to individuals under age 65. These policies are designed\\nto supplement health coverage that applicants already own or to provide affordable, limited-benefit\\ncoverage to individuals without access to more comprehensive coverage. Medicare Supplements are also\\noffered to enrollees in the traditional fee-for-service Medicare program. All Medicare Supplement plans\\nare standardized by federal regulation and are designed to pay deductibles and co-payments not paid by\\nMedicare. We also began offering Medicare Part D prescription drug insurance in 2006.\\n\\nHealth plans are offered through the Company’s exclusive and independent agents and direct\\nresponse, with the United American agencies being the leading writers in the three-year period ended\\nDecember 31, 2007, selling predominantly hospital/surgical plans. As shown in the charts below, net\\nsales of limited-benefit plans exceeded net sales of Medicare Supplements in all years of the three-year-\\nperiod ended December 31, 2007, but Medicare Supplement premium in force exceeded that of limited-\\nbenefit plans during 2006 and 2005. At December 31, 2007, limited-benefit health premium in force\\nexceeded Medicare Supplement for the first time since Torchmark’s formation. These data reflect the\\nchange in product mix being sold from predominantly Medicare Supplements in prior years to\\npredominantly limited-benefit plans in the more current periods.\\n\\n2\"},\"name\":\"fintabnet.GL_2007_page_20__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":74582,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:GL_2007\",\"dpi\":100,\"gt_sha256\":\"81b9294c9f8f983538685ab6c1758575bbb9bf36320d2eb27276bb2e694e5662\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GL_2007_page_20__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.GL_2007_page_20\",\"pdf_sha256\":\"79ec205df423d66464e2d6da4c5911b0e7e40efee00df0681859cd938b5020bd\",\"px\":[825,1075],\"scan\":{\"render\":\"000020003ffc007818781ffc207800781858187830003ffe3ffc3ffc3fc00000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"GL_2007_page_20\",\"src\":{\"file_sha256\":\"59084466258011aedccbbf2e6d2889318a609e390c6867bc9c858d0a22176dd4\",\"render\":\"000020003ffc007810783ffc207810781858107830f83ffc3ffc3ffc3f800000\",\"text\":\"7c12fe910bee27661035a3e9fc41d866aa58184476b4cc0f5c8229bc86388e0c\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"79ec205df423d66464e2d6da4c5911b0e7e40efee00df0681859cd938b5020bd\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/79ec205df423d66464e2d6da4c5911b0e7e40efee00df0681859cd938b5020bd.pdf","asset_sha256":"79ec205df423d66464e2d6da4c5911b0e7e40efee00df0681859cd938b5020bd","document_id":"fintabnet:GL_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2007_page_20\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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Market for Registrant’s Common Equity,\"},{\"bbox\":[186.6,210.2,655.4,235.7],\"text\":\"Related Stockholder Matters and Issuer Purchases of Equity Securities\"}],\"order\":4,\"text\":\"Item 5. Market for Registrant’s Common Equity,\\nRelated Stockholder Matters and Issuer Purchases of Equity Securities\"},{\"bbox\":[95.1,241.0,736.5,271.3],\"lines\":[{\"bbox\":[95.1,241.0,736.5,271.3],\"text\":\"(a) Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters\"}],\"order\":5,\"text\":\"(a) Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters\"},{\"bbox\":[93.2,264.6,744.6,340.9],\"lines\":[{\"bbox\":[122.2,265.4,744.6,295.1],\"text\":\"The principal market in which Torchmark’s common stock is traded is the New York Stock Exchange.\"},{\"bbox\":[94.0,279.9,744.1,310.4],\"text\":\"There were 5,106 shareholders of record on December 31, 2007, excluding shareholder accounts held in\"},{\"bbox\":[93.6,295.2,743.0,325.6],\"text\":\"nominee form. The market prices and cash dividends paid by calendar quarter for the past two years are\"},{\"bbox\":[93.2,310.5,158.4,325.1],\"text\":\"as follows:\"}],\"order\":6,\"text\":\"The principal market in which Torchmark’s common stock is traded is the New York Stock Exchange.\\nThere were 5,106 shareholders of record on December 31, 2007, excluding shareholder accounts held in\\nnominee form. The market prices and cash dividends paid by calendar quarter for the past two years are\\nas follows:\"},{\"bbox\":[527.2,352.4,606.8,396.7],\"lines\":[{\"bbox\":[554.0,353.1,582.2,365.5],\"text\":\"2007\"},{\"bbox\":[530.5,365.0,605.1,378.6],\"text\":\"Market Price\"},{\"bbox\":[527.2,383.0,555.3,395.3],\"text\":\"High\"},{\"bbox\":[580.6,384.4,605.9,396.7],\"text\":\"Low\"}],\"order\":7,\"text\":\"2007\\nMarket Price\\nHigh\\nLow\"},{\"bbox\":[284.6,376.4,330.0,389.2],\"lines\":[{\"bbox\":[284.6,376.4,330.0,389.2],\"text\":\"Quarter\"}],\"order\":8,\"text\":\"Quarter\"},{\"bbox\":[144.9,393.5,507.9,475.9],\"lines\":[{\"bbox\":[303.1,397.7,310.4,409.5],\"text\":\"1\"},{\"bbox\":[302.7,413.0,309.9,424.8],\"text\":\"2\"},{\"bbox\":[302.3,428.3,309.5,440.0],\"text\":\"3\"},{\"bbox\":[301.8,443.6,309.1,455.3],\"text\":\"4\"},{\"bbox\":[144.9,454.6,506.2,475.9],\"text\":\"Year-end closing price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $60.53\"}],\"order\":9,\"text\":\"1\\n2\\n3\\n4\\nYear-end closing price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $60.53\"},{\"bbox\":[520.2,403.7,559.9,462.1],\"lines\":[{\"bbox\":[521.4,403.7,559.9,416.3],\"text\":\"$66.87\"},{\"bbox\":[527.9,419.1,559.5,431.5],\"text\":\"70.32\"},{\"bbox\":[527.5,434.4,559.1,446.8],\"text\":\"68.14\"},{\"bbox\":[527.1,449.7,558.7,462.1],\"text\":\"65.16\"}],\"order\":10,\"text\":\"$66.87\\n70.32\\n68.14\\n65.16\"},{\"bbox\":[572.2,405.1,612.0,463.5],\"lines\":[{\"bbox\":[573.5,405.1,612.0,417.7],\"text\":\"$62.83\"},{\"bbox\":[580.0,420.5,611.6,432.9],\"text\":\"64.48\"},{\"bbox\":[579.6,435.8,611.2,448.2],\"text\":\"59.39\"},{\"bbox\":[579.2,451.1,610.8,463.5],\"text\":\"58.78\"}],\"order\":11,\"text\":\"$62.83\\n64.48\\n59.39\\n58.78\"},{\"bbox\":[523.3,494.0,602.9,538.3],\"lines\":[{\"bbox\":[550.2,494.8,578.3,507.1],\"text\":\"2006\"},{\"bbox\":[526.6,506.6,601.2,520.2],\"text\":\"Market Price\"},{\"bbox\":[523.3,524.6,551.4,536.9],\"text\":\"High\"},{\"bbox\":[576.8,526.0,602.1,538.3],\"text\":\"Low\"}],\"order\":12,\"text\":\"2006\\nMarket Price\\nHigh\\nLow\"},{\"bbox\":[280.7,518.0,326.2,530.8],\"lines\":[{\"bbox\":[280.7,518.0,326.2,530.8],\"text\":\"Quarter\"}],\"order\":13,\"text\":\"Quarter\"},{\"bbox\":[141.0,535.1,504.0,617.5],\"lines\":[{\"bbox\":[299.2,539.3,306.5,551.1],\"text\":\"1\"},{\"bbox\":[298.8,554.6,306.1,566.4],\"text\":\"2\"},{\"bbox\":[298.4,569.9,305.7,581.6],\"text\":\"3\"},{\"bbox\":[298.0,585.2,305.3,596.9],\"text\":\"4\"},{\"bbox\":[141.0,596.2,502.4,617.5],\"text\":\"Year-end closing price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $63.76\"}],\"order\":14,\"text\":\"1\\n2\\n3\\n4\\nYear-end closing price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $63.76\"},{\"bbox\":[516.3,545.3,556.1,603.7],\"lines\":[{\"bbox\":[517.6,545.3,556.1,557.9],\"text\":\"$57.79\"},{\"bbox\":[524.1,560.7,555.7,573.1],\"text\":\"61.01\"},{\"bbox\":[523.7,576.0,555.3,588.4],\"text\":\"63.42\"},{\"bbox\":[523.3,591.3,554.8,603.7],\"text\":\"64.23\"}],\"order\":15,\"text\":\"$57.79\\n61.01\\n63.42\\n64.23\"},{\"bbox\":[568.4,546.7,608.2,605.1],\"lines\":[{\"bbox\":[569.6,546.7,608.2,559.3],\"text\":\"$54.25\"},{\"bbox\":[576.2,562.2,607.7,574.6],\"text\":\"56.43\"},{\"bbox\":[575.7,577.4,607.3,589.8],\"text\":\"59.75\"},{\"bbox\":[575.3,592.7,606.9,605.1],\"text\":\"61.68\"}],\"order\":16,\"text\":\"$54.25\\n56.43\\n59.75\\n61.68\"},{\"bbox\":[626.1,373.2,686.5,398.8],\"lines\":[{\"bbox\":[626.4,373.2,686.5,386.3],\"text\":\"Dividends\"},{\"bbox\":[626.8,385.7,685.4,398.8],\"text\":\"Per Share\"}],\"order\":17,\"text\":\"Dividends\\nPer Share\"},{\"bbox\":[642.0,407.0,667.9,465.0],\"lines\":[{\"bbox\":[643.2,407.0,667.9,419.2],\"text\":\"$.13\"},{\"bbox\":[649.8,422.4,667.5,434.5],\"text\":\".13\"},{\"bbox\":[649.4,437.7,667.0,449.7],\"text\":\".13\"},{\"bbox\":[648.9,453.0,666.6,465.0],\"text\":\".13\"}],\"order\":18,\"text\":\"$.13\\n.13\\n.13\\n.13\"},{\"bbox\":[622.3,514.8,682.6,540.5],\"lines\":[{\"bbox\":[622.6,514.8,682.6,528.0],\"text\":\"Dividends\"},{\"bbox\":[623.0,527.3,681.6,540.4],\"text\":\"Per Share\"}],\"order\":19,\"text\":\"Dividends\\nPer Share\"},{\"bbox\":[638.2,548.6,664.0,606.6],\"lines\":[{\"bbox\":[639.4,548.6,664.0,560.8],\"text\":\"$.11\"},{\"bbox\":[645.9,564.0,663.6,576.1],\"text\":\".11\"},{\"bbox\":[645.5,579.3,663.2,591.3],\"text\":\".13\"},{\"bbox\":[645.1,594.6,662.8,606.6],\"text\":\".13\"}],\"order\":20,\"text\":\"$.11\\n.11\\n.13\\n.13\"},{\"bbox\":[84.4,635.3,678.5,664.3],\"lines\":[{\"bbox\":[84.4,635.3,678.5,664.3],\"text\":\"(c) Purchases of Certain Equity Securities by the Issuer and Others for the Fourth Quarter 2007\"}],\"order\":21,\"text\":\"(c) Purchases of Certain Equity Securities by the Issuer and Others for the Fourth Quarter 2007\"},{\"bbox\":[80.4,740.5,265.8,800.1],\"lines\":[{\"bbox\":[81.6,740.5,120.8,753.1],\"text\":\"Period\"},{\"bbox\":[81.1,758.5,265.3,775.1],\"text\":\"October 1-31, 2007 . . . . . . . . . . .\"},{\"bbox\":[80.7,771.0,265.0,787.6],\"text\":\"November 1-30, 2007 . . . . . . . . .\"},{\"bbox\":[80.4,783.5,264.7,800.1],\"text\":\"December 1-31, 2007 . . . . . . . . .\"}],\"order\":22,\"text\":\"Period\\nOctober 1-31, 2007 . . . . . . . . . . .\\nNovember 1-30, 2007 . . . . . . . . .\\nDecember 1-31, 2007 . . . . . . . . .\"},{\"bbox\":[278.2,720.8,379.7,803.1],\"lines\":[{\"bbox\":[280.1,720.8,379.7,735.1],\"text\":\"(a) Total Number\"},{\"bbox\":[300.9,733.9,358.2,747.0],\"text\":\"of Shares\"},{\"bbox\":[297.1,746.3,361.3,759.6],\"text\":\"Purchased\"},{\"bbox\":[309.5,764.7,348.0,777.3],\"text\":\"32,002\"},{\"bbox\":[316.1,777.4,347.6,789.8],\"text\":\"5,000\"},{\"bbox\":[308.8,789.7,347.3,802.3],\"text\":\"28,779\"}],\"order\":23,\"text\":\"(a) Total Number\\nof Shares\\nPurchased\\n32,002\\n5,000\\n28,779\"},{\"bbox\":[391.4,723.9,462.3,805.4],\"lines\":[{\"bbox\":[393.2,723.9,462.3,737.3],\"text\":\"(b) Average\"},{\"bbox\":[397.1,736.5,457.8,749.7],\"text\":\"Price Paid\"},{\"bbox\":[397.8,749.0,456.4,762.2],\"text\":\"Per Share\"},{\"bbox\":[407.3,767.4,445.9,780.0],\"text\":\"$64.45\"},{\"bbox\":[413.9,780.1,445.5,792.5],\"text\":\"60.18\"},{\"bbox\":[413.6,792.5,445.2,805.0],\"text\":\"61.20\"}],\"order\":24,\"text\":\"(b) Average\\nPrice Paid\\nPer Share\\n$64.45\\n60.18\\n61.20\"},{\"bbox\":[474.0,701.2,591.4,808.9],\"lines\":[{\"bbox\":[476.5,701.2,591.4,715.8],\"text\":\"(c) Total Number of\"},{\"bbox\":[479.0,713.7,588.3,728.3],\"text\":\"Shares Purchased\"},{\"bbox\":[479.0,726.2,587.6,740.7],\"text\":\"as Part of Publicly\"},{\"bbox\":[480.0,738.8,585.9,753.2],\"text\":\"Announced Plans\"},{\"bbox\":[495.3,751.7,569.9,765.3],\"text\":\"or Programs\"},{\"bbox\":[512.9,770.2,551.4,782.8],\"text\":\"32,002\"},{\"bbox\":[519.5,782.9,551.0,795.3],\"text\":\"5,000\"},{\"bbox\":[512.2,795.2,550.7,807.8],\"text\":\"28,779\"}],\"order\":25,\"text\":\"(c) Total Number of\\nShares Purchased\\nas Part of Publicly\\nAnnounced Plans\\nor Programs\\n32,002\\n5,000\\n28,779\"},{\"bbox\":[603.6,679.7,733.7,769.7],\"lines\":[{\"bbox\":[605.6,679.7,733.7,694.7],\"text\":\"(d) Maximum Number\"},{\"bbox\":[630.6,692.8,708.0,706.5],\"text\":\"of Shares (or\"},{\"bbox\":[611.2,704.8,726.7,719.5],\"text\":\"Approximate Dollar\"},{\"bbox\":[615.7,717.4,721.5,731.9],\"text\":\"Amount) that May\"},{\"bbox\":[615.0,729.9,721.6,744.4],\"text\":\"Yet Be Purchased\"},{\"bbox\":[612.3,742.4,723.6,756.9],\"text\":\"Under the Plans or\"},{\"bbox\":[638.3,755.6,696.9,768.7],\"text\":\"Programs\"}],\"order\":26,\"text\":\"(d) Maximum Number\\nof Shares (or\\nApproximate Dollar\\nAmount) that May\\nYet Be Purchased\\nUnder the Plans or\\nPrograms\"},{\"bbox\":[78.3,814.4,729.6,890.7],\"lines\":[{\"bbox\":[107.3,815.2,729.6,844.9],\"text\":\"On July 26, 2007, Torchmark’s Board reaffirmed its continued authorization of the Company’s stock\"},{\"bbox\":[79.1,829.7,729.2,860.2],\"text\":\"repurchase program in amounts and with timing that management, in consultation with the Board,\"},{\"bbox\":[78.7,845.0,728.8,875.5],\"text\":\"determined to be in the best interest of the Company. The program has no defined expiration date or\"},{\"bbox\":[78.3,860.3,291.7,878.9],\"text\":\"maximum shares to be purchased.\"}],\"order\":27,\"text\":\"On July 26, 2007, Torchmark’s Board reaffirmed its continued authorization of the Company’s stock\\nrepurchase program in amounts and with timing that management, in consultation with the Board,\\ndetermined to be in the best interest of the Company. The program has no defined expiration date or\\nmaximum shares to be purchased.\"},{\"bbox\":[392.1,993.8,407.8,1007.1],\"lines\":[{\"bbox\":[392.1,993.8,407.8,1007.1],\"text\":\"12\"}],\"order\":28,\"text\":\"12\"}],\"doc\":\"fintabnet:GL_2007\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"Item 4.\\n\\nSubmission of Matters to a Vote of Security Holders\\n\\nNo matter was submitted to a vote of shareholders, through the solicitation of proxies or otherwise,\\nduring the fourth quarter of 2007.\\n\\nPART II\\n\\nItem 5. Market for Registrant’s Common Equity,\\nRelated Stockholder Matters and Issuer Purchases of Equity Securities\\n\\n(a) Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters\\n\\nThe principal market in which Torchmark’s common stock is traded is the New York Stock Exchange.\\nThere were 5,106 shareholders of record on December 31, 2007, excluding shareholder accounts held in\\nnominee form. The market prices and cash dividends paid by calendar quarter for the past two years are\\nas follows:\\n\\n2007\\nMarket Price\\nHigh\\nLow\\n\\nQuarter\\n\\n1\\n2\\n3\\n4\\nYear-end closing price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $60.53\\n\\n$66.87\\n70.32\\n68.14\\n65.16\\n\\n$62.83\\n64.48\\n59.39\\n58.78\\n\\n2006\\nMarket Price\\nHigh\\nLow\\n\\nQuarter\\n\\n1\\n2\\n3\\n4\\nYear-end closing price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $63.76\\n\\n$57.79\\n61.01\\n63.42\\n64.23\\n\\n$54.25\\n56.43\\n59.75\\n61.68\\n\\nDividends\\nPer Share\\n\\n$.13\\n.13\\n.13\\n.13\\n\\nDividends\\nPer Share\\n\\n$.11\\n.11\\n.13\\n.13\\n\\n(c) Purchases of Certain Equity Securities by the Issuer and Others for the Fourth Quarter 2007\\n\\nPeriod\\nOctober 1-31, 2007 . . . . . . . . . . .\\nNovember 1-30, 2007 . . . . . . . . .\\nDecember 1-31, 2007 . . . . . . . . .\\n\\n(a) Total Number\\nof Shares\\nPurchased\\n32,002\\n5,000\\n28,779\\n\\n(b) Average\\nPrice Paid\\nPer Share\\n$64.45\\n60.18\\n61.20\\n\\n(c) Total Number of\\nShares Purchased\\nas Part of Publicly\\nAnnounced Plans\\nor Programs\\n32,002\\n5,000\\n28,779\\n\\n(d) Maximum Number\\nof Shares (or\\nApproximate Dollar\\nAmount) that May\\nYet Be Purchased\\nUnder the Plans or\\nPrograms\\n\\nOn July 26, 2007, Torchmark’s Board reaffirmed its continued authorization of the Company’s stock\\nrepurchase program in amounts and with timing that management, in consultation with the Board,\\ndetermined to be in the best interest of the Company. The program has no defined expiration date or\\nmaximum shares to be purchased.\\n\\n12\",\"name\":\"fintabnet.GL_2007_page_30__100dpi_medium\",\"page_id\":\"fintabnet.GL_2007_page_30\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.555,\"source\":\"fintabnet\",\"source_id\":\"GL_2007_page_30\",\"stack\":[{\"deg\":-1.555,\"op\":\"skew\"},{\"amp\":0.137,\"angle\":261.3,\"blob\":0.236,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":2.703,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":6.216},{\"method\":\"global\",\"offset\":0.022,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[80.4,662.4,733.8,812.9],\"block_orders\":[22,23,24,25,26],\"cells\":null}],\"text\":\"Item 4.\\n\\nSubmission of Matters to a Vote of Security Holders\\n\\nNo matter was submitted to a vote of shareholders, through the solicitation of proxies or otherwise,\\nduring the fourth quarter of 2007.\\n\\nPART II\\n\\nItem 5. Market for Registrant’s Common Equity,\\nRelated Stockholder Matters and Issuer Purchases of Equity Securities\\n\\n(a) Market Price of and Dividends on the Registrant’s Common Equity and Related Stockholder Matters\\n\\nThe principal market in which Torchmark’s common stock is traded is the New York Stock Exchange.\\nThere were 5,106 shareholders of record on December 31, 2007, excluding shareholder accounts held in\\nnominee form. The market prices and cash dividends paid by calendar quarter for the past two years are\\nas follows:\\n\\n2007\\nMarket Price\\nHigh\\nLow\\n\\nQuarter\\n\\n1\\n2\\n3\\n4\\nYear-end closing price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $60.53\\n\\n$66.87\\n70.32\\n68.14\\n65.16\\n\\n$62.83\\n64.48\\n59.39\\n58.78\\n\\n2006\\nMarket Price\\nHigh\\nLow\\n\\nQuarter\\n\\n1\\n2\\n3\\n4\\nYear-end closing price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $63.76\\n\\n$57.79\\n61.01\\n63.42\\n64.23\\n\\n$54.25\\n56.43\\n59.75\\n61.68\\n\\nDividends\\nPer Share\\n\\n$.13\\n.13\\n.13\\n.13\\n\\nDividends\\nPer Share\\n\\n$.11\\n.11\\n.13\\n.13\\n\\n(c) Purchases of Certain Equity Securities by the Issuer and Others for the Fourth Quarter 2007\\n\\nPeriod\\nOctober 1-31, 2007 . . . . . . . . . . .\\nNovember 1-30, 2007 . . . . . . . . .\\nDecember 1-31, 2007 . . . . . . . . .\\n\\n(a) Total Number\\nof Shares\\nPurchased\\n32,002\\n5,000\\n28,779\\n\\n(b) Average\\nPrice Paid\\nPer Share\\n$64.45\\n60.18\\n61.20\\n\\n(c) Total Number of\\nShares Purchased\\nas Part of Publicly\\nAnnounced Plans\\nor Programs\\n32,002\\n5,000\\n28,779\\n\\n(d) Maximum Number\\nof Shares (or\\nApproximate Dollar\\nAmount) that May\\nYet Be Purchased\\nUnder the Plans or\\nPrograms\\n\\nOn July 26, 2007, Torchmark’s Board reaffirmed its continued authorization of the Company’s stock\\nrepurchase program in amounts and with timing that management, in consultation with the Board,\\ndetermined to be in the best interest of the Company. The program has no defined expiration date or\\nmaximum shares to be purchased.\\n\\n12\"},\"name\":\"fintabnet.GL_2007_page_30__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":15859,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:GL_2007\",\"dpi\":100,\"gt_sha256\":\"5195299abeb7065f98df503a2cc2d28770199fccb58e062b06fb2f10a2e0c414\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GL_2007_page_30__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.GL_2007_page_30\",\"pdf_sha256\":\"9358f6e3b44c2535a082332d7f5c6cb70931a0f828d1898f9d23e57d899c4d6f\",\"px\":[825,1075],\"scan\":{\"render\":\"00003ff800003ffc3ffe00380038003800381dd802fc72ec7ffc000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"GL_2007_page_30\",\"src\":{\"file_sha256\":\"4e726f958119e58e2a62ce3d4b789e90e8451c57751cd0e8b493a5fba470d710\",\"render\":\"00003ff001001ffc3ffc04380030043800301e4803fc73fc3ffc000000000000\",\"text\":\"7b2591c216080a6910e88a13c67e315297f60de4ba980fc8feb6e9d22bc54826\"},\"stack\":[{\"deg\":-1.555,\"op\":\"skew\"},{\"amp\":0.137,\"angle\":261.3,\"blob\":0.236,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":2.703,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":6.216},{\"method\":\"global\",\"offset\":0.022,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"9358f6e3b44c2535a082332d7f5c6cb70931a0f828d1898f9d23e57d899c4d6f\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/9358f6e3b44c2535a082332d7f5c6cb70931a0f828d1898f9d23e57d899c4d6f.pdf","asset_sha256":"9358f6e3b44c2535a082332d7f5c6cb70931a0f828d1898f9d23e57d899c4d6f","document_id":"fintabnet:GL_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2007_page_30\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2014_page_89\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:GL_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[425.6,139.9,1289.5,236.0],\"lines\":[{\"bbox\":[427.0,139.9,1289.5,197.2],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\"},{\"bbox\":[509.3,181.8,1204.4,233.0],\"text\":\"(Dollar amounts in thousands except per share data)\"}],\"order\":0,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n(Dollar amounts in thousands except per share data)\"},{\"bbox\":[205.0,220.7,892.4,271.5],\"lines\":[{\"bbox\":[205.0,220.7,892.4,271.5],\"text\":\"Note 1—Significant Accounting Policies (continued)\"}],\"order\":1,\"text\":\"Note 1—Significant Accounting Policies (continued)\"},{\"bbox\":[201.0,267.8,1503.4,402.3],\"lines\":[{\"bbox\":[203.3,267.8,1503.3,341.2],\"text\":\"performance target in the recognition of compensation expense once the achievement of the performance\"},{\"bbox\":[202.1,298.4,1502.2,371.8],\"text\":\"target is probable. Torchmark has a limited number of such awards, but currently accounts for these\"},{\"bbox\":[201.0,328.9,1394.9,398.4],\"text\":\"items consistent with the new guidance. Therefore, no material impact is expected from adoption.\"}],\"order\":2,\"text\":\"performance target in the recognition of compensation expense once the achievement of the performance\\ntarget is probable. Torchmark has a limited number of such awards, but currently accounts for these\\nitems consistent with the new guidance. Therefore, no material impact is expected from adoption.\"},{\"bbox\":[191.9,392.8,1498.9,649.4],\"lines\":[{\"bbox\":[254.2,394.8,1498.9,466.1],\"text\":\"Going concern: The FASB has issued Presentation of Financial Statements – Going Concern\"},{\"bbox\":[197.6,423.3,1497.7,496.7],\"text\":\"(Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern\"},{\"bbox\":[196.4,453.8,1496.5,527.2],\"text\":\"(ASU 2014-15). This new standard requires management to perform interim and annual assessments of\"},{\"bbox\":[195.3,484.4,1495.4,557.7],\"text\":\"the entity’s ability to continue its business operations within one year of the date of issuance of its\"},{\"bbox\":[194.2,514.9,1494.3,588.3],\"text\":\"financial statements. The Company must then provide certain disclosures if there is substantial doubt\"},{\"bbox\":[193.1,545.4,1493.1,618.8],\"text\":\"about its ability to continue as a going concern. ASU 2014-15 is effective for Torchmark for the year\"},{\"bbox\":[191.9,576.0,1283.9,641.7],\"text\":\"ended December 31, 2016 and for interim periods thereafter. Early adoption is permitted.\"}],\"order\":3,\"text\":\"Going concern: The FASB has issued Presentation of Financial Statements – Going Concern\\n(Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern\\n(ASU 2014-15). This new standard requires management to perform interim and annual assessments of\\nthe entity’s ability to continue its business operations within one year of the date of issuance of its\\nfinancial statements. The Company must then provide certain disclosures if there is substantial doubt\\nabout its ability to continue as a going concern. ASU 2014-15 is effective for Torchmark for the year\\nended December 31, 2016 and for interim periods thereafter. Early adoption is permitted.\"},{\"bbox\":[188.9,659.2,584.7,699.4],\"lines\":[{\"bbox\":[188.9,659.2,584.7,699.4],\"text\":\"Note 2—Statutory Accounting\"}],\"order\":4,\"text\":\"Note 2—Statutory Accounting\"},{\"bbox\":[183.4,709.2,1487.4,882.5],\"lines\":[{\"bbox\":[242.6,711.3,1487.1,782.6],\"text\":\"Life insurance subsidiaries of Torchmark are required to file statutory financial statements with state\"},{\"bbox\":[185.8,742.5,1486.1,815.9],\"text\":\"insurance regulatory authorities. Accounting principles used to prepare these statutory financial\"},{\"bbox\":[184.6,775.8,1484.7,849.2],\"text\":\"statements differ from GAAP. Consolidated net income and shareholders’ equity (capital and surplus) on\"},{\"bbox\":[183.4,809.1,960.4,863.3],\"text\":\"a statutory basis for the insurance subsidiaries were as follows:\"}],\"order\":5,\"text\":\"Life insurance subsidiaries of Torchmark are required to file statutory financial statements with state\\ninsurance regulatory authorities. Accounting principles used to prepare these statutory financial\\nstatements differ from GAAP. Consolidated net income and shareholders’ equity (capital and surplus) on\\na statutory basis for the insurance subsidiaries were as follows:\"},{\"bbox\":[770.3,891.1,1095.4,987.1],\"lines\":[{\"bbox\":[866.2,894.6,1001.7,922.6],\"text\":\"Net Income\"},{\"bbox\":[779.2,916.4,1086.9,950.8],\"text\":\"Year Ended December 31,\"},{\"bbox\":[770.3,952.2,826.7,977.4],\"text\":\"2014\"},{\"bbox\":[903.5,957.1,959.9,982.3],\"text\":\"2013\"},{\"bbox\":[1036.8,962.0,1093.2,987.1],\"text\":\"2012\"}],\"order\":6,\"text\":\"Net Income\\nYear Ended December 31,\\n2014\\n2013\\n2012\"},{\"bbox\":[233.0,974.2,716.9,1015.0],\"lines\":[{\"bbox\":[233.0,974.2,716.9,1015.0],\"text\":\"Life insurance subsidiaries . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Life insurance subsidiaries . . . . . . . . . . . . . .\"},{\"bbox\":[744.5,993.0,849.5,1019.9],\"lines\":[{\"bbox\":[744.5,993.0,849.5,1019.9],\"text\":\"$446,439\"}],\"order\":8,\"text\":\"$446,439\"},{\"bbox\":[877.7,997.9,982.7,1024.8],\"lines\":[{\"bbox\":[877.7,997.9,982.7,1024.8],\"text\":\"$572,509\"}],\"order\":9,\"text\":\"$572,509\"},{\"bbox\":[1011.0,1002.7,1116.0,1029.7],\"lines\":[{\"bbox\":[1011.0,1002.7,1116.0,1029.7],\"text\":\"$484,327\"}],\"order\":10,\"text\":\"$484,327\"},{\"bbox\":[1158.9,905.4,1411.8,998.8],\"lines\":[{\"bbox\":[1161.2,905.4,1411.8,937.7],\"text\":\"Shareholders’ Equity\"},{\"bbox\":[1187.3,931.4,1383.9,961.7],\"text\":\"At December 31,\"},{\"bbox\":[1179.7,967.2,1236.1,992.4],\"text\":\"2014\"},{\"bbox\":[1332.4,972.9,1388.8,998.0],\"text\":\"2013\"}],\"order\":11,\"text\":\"Shareholders’ Equity\\nAt December 31,\\n2014\\n2013\"},{\"bbox\":[1143.5,1007.6,1269.4,1035.3],\"lines\":[{\"bbox\":[1143.5,1007.6,1269.4,1035.3],\"text\":\"$1,262,624\"}],\"order\":12,\"text\":\"$1,262,624\"},{\"bbox\":[1296.2,1013.2,1422.0,1040.9],\"lines\":[{\"bbox\":[1296.2,1013.2,1422.0,1040.9],\"text\":\"$1,328,803\"}],\"order\":13,\"text\":\"$1,328,803\"},{\"bbox\":[170.6,1034.0,1475.2,1229.5],\"lines\":[{\"bbox\":[230.6,1036.0,1475.1,1107.4],\"text\":\"The excess, if any, of shareholder’s equity of the insurance subsidiaries on a GAAP basis over that\"},{\"bbox\":[174.0,1064.5,1474.0,1137.9],\"text\":\"determined on a statutory basis is not available for distribution by the insurance subsidiaries to Torchmark\"},{\"bbox\":[172.9,1095.1,1472.9,1168.4],\"text\":\"without regulatory approval. Insurance subsidiaries’ statutory capital and surplus necessary to satisfy\"},{\"bbox\":[171.8,1125.6,1471.8,1199.0],\"text\":\"regulatory requirements in the aggregate was $439 million at December 31, 2014. More information on\"},{\"bbox\":[170.6,1156.1,1300.9,1223.3],\"text\":\"the restrictions on the payment of dividends can be found in Note 12—Shareholders’ Equity.\"}],\"order\":14,\"text\":\"The excess, if any, of shareholder’s equity of the insurance subsidiaries on a GAAP basis over that\\ndetermined on a statutory basis is not available for distribution by the insurance subsidiaries to Torchmark\\nwithout regulatory approval. Insurance subsidiaries’ statutory capital and surplus necessary to satisfy\\nregulatory requirements in the aggregate was $439 million at December 31, 2014. More information on\\nthe restrictions on the payment of dividends can be found in Note 12—Shareholders’ Equity.\"},{\"bbox\":[160.9,1222.8,1468.4,1496.0],\"lines\":[{\"bbox\":[223.7,1224.8,1468.3,1296.1],\"text\":\"Torchmark’s statutory financial statements are presented on the basis of accounting practices\"},{\"bbox\":[167.0,1256.1,1467.0,1329.4],\"text\":\"prescribed by the insurance department of the state of domicile of each insurance subsidiary. All states\"},{\"bbox\":[165.7,1289.4,1466.0,1362.8],\"text\":\"have adopted the National Association of Insurance Commissioners’ (NAIC) statutory accounting\"},{\"bbox\":[164.5,1322.7,1464.6,1396.1],\"text\":\"practices (NAIC SAP) as the basis for statutory accounting. However, certain states have retained the\"},{\"bbox\":[163.3,1356.0,1463.5,1429.4],\"text\":\"prescribed practices of their respective insurance code or administrative code which can differ from NAIC\"},{\"bbox\":[162.1,1389.3,1462.2,1462.7],\"text\":\"SAP. There are no significant differences between NAIC SAP and the accounting practices prescribed by\"},{\"bbox\":[160.9,1422.6,1285.5,1489.6],\"text\":\"the states of domicile for Torchmark’s life insurance companies that affect statutory surplus.\"}],\"order\":15,\"text\":\"Torchmark’s statutory financial statements are presented on the basis of accounting practices\\nprescribed by the insurance department of the state of domicile of each insurance subsidiary. All states\\nhave adopted the National Association of Insurance Commissioners’ (NAIC) statutory accounting\\npractices (NAIC SAP) as the basis for statutory accounting. However, certain states have retained the\\nprescribed practices of their respective insurance code or administrative code which can differ from NAIC\\nSAP. There are no significant differences between NAIC SAP and the accounting practices prescribed by\\nthe states of domicile for Torchmark’s life insurance companies that affect statutory surplus.\"},{\"bbox\":[775.1,1987.2,806.9,2014.0],\"lines\":[{\"bbox\":[775.1,1987.2,806.9,2014.0],\"text\":\"69\"}],\"order\":16,\"text\":\"69\"}],\"doc\":\"fintabnet:GL_2014\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n(Dollar amounts in thousands except per share data)\\n\\nNote 1—Significant Accounting Policies (continued)\\n\\nperformance target in the recognition of compensation expense once the achievement of the performance\\ntarget is probable. Torchmark has a limited number of such awards, but currently accounts for these\\nitems consistent with the new guidance. Therefore, no material impact is expected from adoption.\\n\\nGoing concern: The FASB has issued Presentation of Financial Statements – Going Concern\\n(Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern\\n(ASU 2014-15). This new standard requires management to perform interim and annual assessments of\\nthe entity’s ability to continue its business operations within one year of the date of issuance of its\\nfinancial statements. The Company must then provide certain disclosures if there is substantial doubt\\nabout its ability to continue as a going concern. ASU 2014-15 is effective for Torchmark for the year\\nended December 31, 2016 and for interim periods thereafter. Early adoption is permitted.\\n\\nNote 2—Statutory Accounting\\n\\nLife insurance subsidiaries of Torchmark are required to file statutory financial statements with state\\ninsurance regulatory authorities. Accounting principles used to prepare these statutory financial\\nstatements differ from GAAP. Consolidated net income and shareholders’ equity (capital and surplus) on\\na statutory basis for the insurance subsidiaries were as follows:\\n\\nNet Income\\nYear Ended December 31,\\n2014\\n2013\\n2012\\n\\nLife insurance subsidiaries . . . . . . . . . . . . . .\\n\\n$446,439\\n\\n$572,509\\n\\n$484,327\\n\\nShareholders’ Equity\\nAt December 31,\\n2014\\n2013\\n\\n$1,262,624\\n\\n$1,328,803\\n\\nThe excess, if any, of shareholder’s equity of the insurance subsidiaries on a GAAP basis over that\\ndetermined on a statutory basis is not available for distribution by the insurance subsidiaries to Torchmark\\nwithout regulatory approval. Insurance subsidiaries’ statutory capital and surplus necessary to satisfy\\nregulatory requirements in the aggregate was $439 million at December 31, 2014. More information on\\nthe restrictions on the payment of dividends can be found in Note 12—Shareholders’ Equity.\\n\\nTorchmark’s statutory financial statements are presented on the basis of accounting practices\\nprescribed by the insurance department of the state of domicile of each insurance subsidiary. All states\\nhave adopted the National Association of Insurance Commissioners’ (NAIC) statutory accounting\\npractices (NAIC SAP) as the basis for statutory accounting. However, certain states have retained the\\nprescribed practices of their respective insurance code or administrative code which can differ from NAIC\\nSAP. There are no significant differences between NAIC SAP and the accounting practices prescribed by\\nthe states of domicile for Torchmark’s life insurance companies that affect statutory surplus.\\n\\n69\",\"name\":\"fintabnet.GL_2014_page_89__200dpi_heavy\",\"page_id\":\"fintabnet.GL_2014_page_89\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.103,\"source\":\"fintabnet\",\"source_id\":\"GL_2014_page_89\",\"stack\":[{\"deg\":-2.103,\"op\":\"skew\"},{\"amp\":0.31,\"angle\":281.2,\"blob\":0.38,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.109},{\"op\":\"noise\",\"sigma\":15.566},{\"bias\":0.068,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":28}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[233.0,865.4,1426.0,1041.4],\"block_orders\":[6,7,8,9,10,11,12,13],\"cells\":null}],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n(Dollar amounts in thousands except per share data)\\n\\nNote 1—Significant Accounting Policies (continued)\\n\\nperformance target in the recognition of compensation expense once the achievement of the performance\\ntarget is probable. Torchmark has a limited number of such awards, but currently accounts for these\\nitems consistent with the new guidance. Therefore, no material impact is expected from adoption.\\n\\nGoing concern: The FASB has issued Presentation of Financial Statements – Going Concern\\n(Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern\\n(ASU 2014-15). This new standard requires management to perform interim and annual assessments of\\nthe entity’s ability to continue its business operations within one year of the date of issuance of its\\nfinancial statements. The Company must then provide certain disclosures if there is substantial doubt\\nabout its ability to continue as a going concern. ASU 2014-15 is effective for Torchmark for the year\\nended December 31, 2016 and for interim periods thereafter. Early adoption is permitted.\\n\\nNote 2—Statutory Accounting\\n\\nLife insurance subsidiaries of Torchmark are required to file statutory financial statements with state\\ninsurance regulatory authorities. Accounting principles used to prepare these statutory financial\\nstatements differ from GAAP. Consolidated net income and shareholders’ equity (capital and surplus) on\\na statutory basis for the insurance subsidiaries were as follows:\\n\\nNet Income\\nYear Ended December 31,\\n2014\\n2013\\n2012\\n\\nLife insurance subsidiaries . . . . . . . . . . . . . .\\n\\n$446,439\\n\\n$572,509\\n\\n$484,327\\n\\nShareholders’ Equity\\nAt December 31,\\n2014\\n2013\\n\\n$1,262,624\\n\\n$1,328,803\\n\\nThe excess, if any, of shareholder’s equity of the insurance subsidiaries on a GAAP basis over that\\ndetermined on a statutory basis is not available for distribution by the insurance subsidiaries to Torchmark\\nwithout regulatory approval. Insurance subsidiaries’ statutory capital and surplus necessary to satisfy\\nregulatory requirements in the aggregate was $439 million at December 31, 2014. More information on\\nthe restrictions on the payment of dividends can be found in Note 12—Shareholders’ Equity.\\n\\nTorchmark’s statutory financial statements are presented on the basis of accounting practices\\nprescribed by the insurance department of the state of domicile of each insurance subsidiary. All states\\nhave adopted the National Association of Insurance Commissioners’ (NAIC) statutory accounting\\npractices (NAIC SAP) as the basis for statutory accounting. However, certain states have retained the\\nprescribed practices of their respective insurance code or administrative code which can differ from NAIC\\nSAP. There are no significant differences between NAIC SAP and the accounting practices prescribed by\\nthe states of domicile for Torchmark’s life insurance companies that affect statutory surplus.\\n\\n69\"},\"name\":\"fintabnet.GL_2014_page_89__200dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":291489,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:GL_2014\",\"dpi\":200,\"gt_sha256\":\"741c15205b1f0d219c1ebe92712894581042ced0a69a0448c647b28c9d204396\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GL_2014_page_89__200dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.GL_2014_page_89\",\"pdf_sha256\":\"15dd7183f651e507bcd5e414a59322e4a7cc9e6c8b0290ceec8df9ed001b1ed3\",\"px\":[1650,2150],\"scan\":{\"render\":\"00000ff03ffe3ffe3ffe3ffc03dc01fc3ffc3ffc3ffc00000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"GL_2014_page_89\",\"src\":{\"file_sha256\":\"363d686cca6d2fdbc120fbd50cef389946cce20e599cda5b858314f1c8e65846\",\"render\":\"00001ff03ffc3ffc3ffc3ffc3fdc19fc3ffc3ffc3ffc00000000000000000000\",\"text\":\"f2cb3f5752cb0368636a5a7bdb50a370666735f7252a7a4f82d388c5748e9745\"},\"stack\":[{\"deg\":-2.103,\"op\":\"skew\"},{\"amp\":0.31,\"angle\":281.2,\"blob\":0.38,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.109},{\"op\":\"noise\",\"sigma\":15.566},{\"bias\":0.068,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":28}],\"tools\":\"21647cade0ee\"},\"sha256\":\"15dd7183f651e507bcd5e414a59322e4a7cc9e6c8b0290ceec8df9ed001b1ed3\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/15dd7183f651e507bcd5e414a59322e4a7cc9e6c8b0290ceec8df9ed001b1ed3.pdf","asset_sha256":"15dd7183f651e507bcd5e414a59322e4a7cc9e6c8b0290ceec8df9ed001b1ed3","document_id":"fintabnet:GL_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2014_page_89\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2014_page_95\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:GL_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[320.5,104.4,968.8,177.7],\"lines\":[{\"bbox\":[321.6,104.4,968.8,148.6],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\"},{\"bbox\":[383.3,136.0,904.9,175.3],\"text\":\"(Dollar amounts in thousands except per share data)\"}],\"order\":0,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n(Dollar amounts in thousands except per share data)\"},{\"bbox\":[154.9,164.7,480.9,196.5],\"lines\":[{\"bbox\":[154.9,164.7,480.9,196.5],\"text\":\"Note 4—Investments (continued)\"}],\"order\":1,\"text\":\"Note 4—Investments (continued)\"},{\"bbox\":[146.5,200.1,1129.1,440.2],\"lines\":[{\"bbox\":[195.2,201.7,1129.0,256.9],\"text\":\"The collateral underlying collateralized debt obligations for which fair values are reported as Level 3\"},{\"bbox\":[152.7,223.0,1128.1,279.8],\"text\":\"consists primarily of trust preferred securities issued by banks and insurance companies. None of the\"},{\"bbox\":[151.8,245.9,1127.3,302.7],\"text\":\"collateral is subprime or Alt-A mortgages (loans for which the typical documentation was not provided by\"},{\"bbox\":[150.9,268.8,1126.4,325.7],\"text\":\"the borrower). Collateralized debt obligations are valued at the present value of expected future cash\"},{\"bbox\":[150.0,291.7,1125.5,348.6],\"text\":\"flows using an unobservable discount rate. Expected cash flows are determined by scheduling the\"},{\"bbox\":[149.2,314.6,1124.7,371.5],\"text\":\"projected repayment of the collateral assuming no future defaults, deferrals, or recoveries. The discount\"},{\"bbox\":[148.3,337.5,1123.8,394.4],\"text\":\"rate is risk-adjusted to take these items into account. A significant increase (decrease) in the discount\"},{\"bbox\":[147.4,360.4,1122.9,417.3],\"text\":\"rate will produce a significant decrease (increase) in fair value. Additionally, a significant increase\"},{\"bbox\":[146.5,383.3,1081.3,438.6],\"text\":\"(decrease) in the cash flow expectations would result in a significant increase (decrease) in fair value.\"}],\"order\":2,\"text\":\"The collateral underlying collateralized debt obligations for which fair values are reported as Level 3\\nconsists primarily of trust preferred securities issued by banks and insurance companies. None of the\\ncollateral is subprime or Alt-A mortgages (loans for which the typical documentation was not provided by\\nthe borrower). Collateralized debt obligations are valued at the present value of expected future cash\\nflows using an unobservable discount rate. Expected cash flows are determined by scheduling the\\nprojected repayment of the collateral assuming no future defaults, deferrals, or recoveries. The discount\\nrate is risk-adjusted to take these items into account. A significant increase (decrease) in the discount\\nrate will produce a significant decrease (increase) in fair value. Additionally, a significant increase\\n(decrease) in the cash flow expectations would result in a significant increase (decrease) in fair value.\"},{\"bbox\":[137.6,431.9,1120.1,672.0],\"lines\":[{\"bbox\":[186.3,433.5,1120.1,488.7],\"text\":\"The private placements are also valued based on discounted cash flows, resulting from the\"},{\"bbox\":[143.8,454.8,1119.2,511.6],\"text\":\"contractual cash flows discounted by a yield determined as a treasury benchmark adjusted for a credit\"},{\"bbox\":[142.9,477.7,1118.4,534.5],\"text\":\"spread. The credit spread is developed from observable indices for similar public fixed maturities and\"},{\"bbox\":[142.0,500.6,1117.4,557.4],\"text\":\"unobservable indices for private fixed maturities for corresponding credit ratings. However, the credit\"},{\"bbox\":[141.1,523.5,1116.5,580.3],\"text\":\"ratings for the private placements are considered unobservable inputs, as they are assigned by the third\"},{\"bbox\":[140.2,546.4,1115.6,603.2],\"text\":\"party investment manager based on a quantitative and qualitative assessment of the credit underwritten.\"},{\"bbox\":[139.3,569.3,1114.8,626.2],\"text\":\"A higher (lower) credit rating would result in a higher (lower) valuation. For more information regarding\"},{\"bbox\":[138.5,592.2,1113.9,649.1],\"text\":\"valuation procedures, please refer to Note 1 — Significant Accounting Policies under the caption Fair\"},{\"bbox\":[137.6,615.1,584.0,651.6],\"text\":\"Value Measurements, Investments in Securities.\"}],\"order\":3,\"text\":\"The private placements are also valued based on discounted cash flows, resulting from the\\ncontractual cash flows discounted by a yield determined as a treasury benchmark adjusted for a credit\\nspread. The credit spread is developed from observable indices for similar public fixed maturities and\\nunobservable indices for private fixed maturities for corresponding credit ratings. However, the credit\\nratings for the private placements are considered unobservable inputs, as they are assigned by the third\\nparty investment manager based on a quantitative and qualitative assessment of the credit underwritten.\\nA higher (lower) credit rating would result in a higher (lower) valuation. For more information regarding\\nvaluation procedures, please refer to Note 1 — Significant Accounting Policies under the caption Fair\\nValue Measurements, Investments in Securities.\"},{\"bbox\":[177.4,665.2,1031.3,717.4],\"lines\":[{\"bbox\":[177.4,665.2,1031.3,717.4],\"text\":\"The following table presents transfers in and out of each of the valuation levels of fair values.\"}],\"order\":4,\"text\":\"The following table presents transfers in and out of each of the valuation levels of fair values.\"},{\"bbox\":[314.2,740.9,329.6,756.9],\"lines\":[{\"bbox\":[314.2,740.9,329.6,756.9],\"text\":\"In\"}],\"order\":5,\"text\":\"In\"},{\"bbox\":[130.4,763.0,263.9,825.2],\"lines\":[{\"bbox\":[132.0,763.0,263.9,783.5],\"text\":\"Level 1 . . . . . . . .\"},{\"bbox\":[131.2,783.9,263.1,804.3],\"text\":\"Level 2 . . . . . . . .\"},{\"bbox\":[130.4,804.7,262.3,825.2],\"text\":\"Level 3 . . . . . . . .\"}],\"order\":6,\"text\":\"Level 1 . . . . . . . .\\nLevel 2 . . . . . . . .\\nLevel 3 . . . . . . . .\"},{\"bbox\":[288.8,769.2,351.2,828.5],\"lines\":[{\"bbox\":[290.4,769.2,351.2,786.9],\"text\":\"$36,468\"},{\"bbox\":[340.5,791.9,350.4,807.7],\"text\":\"0\"},{\"bbox\":[339.7,812.8,349.6,828.5],\"text\":\"0\"}],\"order\":7,\"text\":\"$36,468\\n0\\n0\"},{\"bbox\":[381.4,772.7,391.3,788.4],\"lines\":[{\"bbox\":[381.4,772.7,391.3,788.4],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[396.8,719.1,435.4,760.9],\"lines\":[{\"bbox\":[397.8,719.1,435.4,735.9],\"text\":\"2014\"},{\"bbox\":[401.0,744.2,430.3,760.7],\"text\":\"Out\"}],\"order\":9,\"text\":\"2014\\nOut\"},{\"bbox\":[495.6,747.9,523.1,764.3],\"lines\":[{\"bbox\":[495.6,747.9,523.1,764.3],\"text\":\"Net\"}],\"order\":10,\"text\":\"Net\"},{\"bbox\":[595.4,751.7,610.8,767.7],\"lines\":[{\"bbox\":[595.4,751.7,610.8,767.7],\"text\":\"In\"}],\"order\":11,\"text\":\"In\"},{\"bbox\":[389.1,773.0,453.3,832.5],\"lines\":[{\"bbox\":[437.9,774.8,447.7,790.6],\"text\":\"0\"},{\"bbox\":[389.9,793.8,452.5,811.6],\"text\":\"(36,468)\"},{\"bbox\":[436.3,816.5,446.1,832.3],\"text\":\"0\"}],\"order\":12,\"text\":\"0\\n(36,468)\\n0\"},{\"bbox\":[473.5,776.3,547.0,836.1],\"lines\":[{\"bbox\":[475.1,776.3,541.5,794.2],\"text\":\"$ 36,468\"},{\"bbox\":[483.6,797.5,546.2,815.3],\"text\":\"(36,468)\"},{\"bbox\":[530.0,820.1,539.8,835.9],\"text\":\"0\"}],\"order\":13,\"text\":\"$ 36,468\\n(36,468)\\n0\"},{\"bbox\":[570.0,780.0,632.4,839.4],\"lines\":[{\"bbox\":[571.6,780.0,632.4,797.7],\"text\":\"$19,416\"},{\"bbox\":[580.0,801.2,631.6,818.5],\"text\":\"50,805\"},{\"bbox\":[620.9,823.6,630.7,839.4],\"text\":\"0\"}],\"order\":14,\"text\":\"$19,416\\n50,805\\n0\"},{\"bbox\":[662.6,783.5,672.4,799.3],\"lines\":[{\"bbox\":[662.6,783.5,672.4,799.3],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[678.0,729.9,716.6,771.7],\"lines\":[{\"bbox\":[678.9,729.9,716.6,746.7],\"text\":\"2013\"},{\"bbox\":[682.1,755.1,711.4,771.6],\"text\":\"Out\"}],\"order\":16,\"text\":\"2013\\nOut\"},{\"bbox\":[776.8,758.7,804.2,775.2],\"lines\":[{\"bbox\":[776.8,758.7,804.2,775.2],\"text\":\"Net\"}],\"order\":17,\"text\":\"Net\"},{\"bbox\":[876.5,762.6,891.9,778.5],\"lines\":[{\"bbox\":[876.5,762.6,891.9,778.5],\"text\":\"In\"}],\"order\":18,\"text\":\"In\"},{\"bbox\":[670.2,783.9,734.5,843.3],\"lines\":[{\"bbox\":[719.0,785.7,728.9,801.4],\"text\":\"0\"},{\"bbox\":[671.0,804.7,733.7,822.5],\"text\":\"(19,416)\"},{\"bbox\":[670.2,825.5,732.9,843.3],\"text\":\"(50,805)\"}],\"order\":19,\"text\":\"0\\n(19,416)\\n(50,805)\"},{\"bbox\":[754.7,787.1,828.2,846.9],\"lines\":[{\"bbox\":[756.3,787.1,822.6,805.1],\"text\":\"$ 19,416\"},{\"bbox\":[770.3,808.5,821.8,825.9],\"text\":\"31,389\"},{\"bbox\":[764.0,829.1,826.6,846.9],\"text\":\"(50,805)\"}],\"order\":20,\"text\":\"$ 19,416\\n31,389\\n(50,805)\"},{\"bbox\":[851.1,790.8,913.5,850.2],\"lines\":[{\"bbox\":[852.7,790.8,913.5,808.6],\"text\":\"$48,536\"},{\"bbox\":[902.8,813.6,912.7,829.4],\"text\":\"0\"},{\"bbox\":[860.4,832.8,911.9,850.2],\"text\":\"43,794\"}],\"order\":21,\"text\":\"$48,536\\n0\\n43,794\"},{\"bbox\":[943.7,794.3,953.6,810.1],\"lines\":[{\"bbox\":[943.7,794.3,953.6,810.1],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[959.1,740.7,997.7,782.6],\"lines\":[{\"bbox\":[960.1,740.7,997.7,757.6],\"text\":\"2012\"},{\"bbox\":[963.3,765.9,992.6,782.4],\"text\":\"Out\"}],\"order\":23,\"text\":\"2012\\nOut\"},{\"bbox\":[1057.9,769.5,1085.4,786.0],\"lines\":[{\"bbox\":[1057.9,769.5,1085.4,786.0],\"text\":\"Net\"}],\"order\":24,\"text\":\"Net\"},{\"bbox\":[951.4,794.7,1015.6,854.2],\"lines\":[{\"bbox\":[1000.2,796.5,1010.0,812.3],\"text\":\"0\"},{\"bbox\":[952.2,815.5,1014.8,833.3],\"text\":\"(92,330)\"},{\"bbox\":[998.6,838.2,1008.4,853.9],\"text\":\"0\"}],\"order\":25,\"text\":\"0\\n(92,330)\\n0\"},{\"bbox\":[1035.8,798.0,1109.4,857.8],\"lines\":[{\"bbox\":[1037.4,798.0,1103.8,815.9],\"text\":\"$ 48,536\"},{\"bbox\":[1045.9,819.1,1108.6,836.9],\"text\":\"(92,330)\"},{\"bbox\":[1050.6,840.2,1102.2,857.5],\"text\":\"43,794\"}],\"order\":26,\"text\":\"$ 48,536\\n(92,330)\\n43,794\"},{\"bbox\":[125.9,850.2,1104.1,975.8],\"lines\":[{\"bbox\":[170.2,851.8,1104.0,907.1],\"text\":\"Transfers into Level 2 from Level 3 result from the availability of observable market data when a\"},{\"bbox\":[127.6,873.1,1103.2,930.0],\"text\":\"security is valued at the end of a period. Transfers into Level 3 occur when there is a lack of observable\"},{\"bbox\":[126.7,896.0,1102.1,952.9],\"text\":\"market information. Transfers into Level 1 from Level 2 occur when direct quotes are available; transfers\"},{\"bbox\":[125.9,918.9,1057.4,974.1],\"text\":\"from Level 1 into Level 2 result when only observable market data and no direct quotes are available.\"}],\"order\":27,\"text\":\"Transfers into Level 2 from Level 3 result from the availability of observable market data when a\\nsecurity is valued at the end of a period. Transfers into Level 3 occur when there is a lack of observable\\nmarket information. Transfers into Level 1 from Level 2 occur when direct quotes are available; transfers\\nfrom Level 1 into Level 2 result when only observable market data and no direct quotes are available.\"},{\"bbox\":[121.3,967.5,1099.4,1093.0],\"lines\":[{\"bbox\":[165.6,969.1,1099.4,1024.3],\"text\":\"Other-than-temporary impairments: Torchmark has determined that certain of its holdings in fixed\"},{\"bbox\":[123.1,990.4,1098.4,1047.2],\"text\":\"maturity investments were other-than-temporarily impaired during the three years ended December 31,\"},{\"bbox\":[122.2,1013.3,1097.6,1070.1],\"text\":\"2014. The following table presents the writedowns recorded due to these impairments in accordance with\"},{\"bbox\":[121.3,1036.2,1082.7,1092.5],\"text\":\"accounting guidance and whether the writedown was charged to earnings or other comprehensive income.\"}],\"order\":28,\"text\":\"Other-than-temporary impairments: Torchmark has determined that certain of its holdings in fixed\\nmaturity investments were other-than-temporarily impaired during the three years ended December 31,\\n2014. The following table presents the writedowns recorded due to these impairments in accordance with\\naccounting guidance and whether the writedown was charged to earnings or other comprehensive income.\"},{\"bbox\":[348.6,1121.3,863.4,1160.4],\"lines\":[{\"bbox\":[348.6,1121.3,863.4,1160.4],\"text\":\"Writedowns for Other-Than-Temporary Impairments\"}],\"order\":29,\"text\":\"Writedowns for Other-Than-Temporary Impairments\"},{\"bbox\":[418.3,1169.4,617.0,1250.6],\"lines\":[{\"bbox\":[499.9,1172.4,537.6,1189.3],\"text\":\"2014\"},{\"bbox\":[530.7,1198.7,575.7,1215.8],\"text\":\"Other\"},{\"bbox\":[434.7,1211.6,462.1,1228.1],\"text\":\"Net\"},{\"bbox\":[489.8,1213.8,615.3,1234.0],\"text\":\"Comprehensive\"},{\"bbox\":[418.3,1227.7,477.2,1245.3],\"text\":\"Income\"},{\"bbox\":[522.4,1231.7,581.4,1249.4],\"text\":\"Income\"}],\"order\":30,\"text\":\"2014\\nOther\\nNet\\nComprehensive\\nIncome\\nIncome\"},{\"bbox\":[730.1,1181.3,767.8,1198.2],\"lines\":[{\"bbox\":[730.1,1181.3,767.8,1198.2],\"text\":\"2013\"}],\"order\":31,\"text\":\"2013\"},{\"bbox\":[967.7,1190.5,1005.3,1207.3],\"lines\":[{\"bbox\":[967.7,1190.5,1005.3,1207.3],\"text\":\"2012\"}],\"order\":32,\"text\":\"2012\"},{\"bbox\":[641.3,1219.6,700.8,1253.9],\"lines\":[{\"bbox\":[657.6,1220.2,685.1,1236.7],\"text\":\"Net\"},{\"bbox\":[641.3,1236.3,700.2,1253.9],\"text\":\"Income\"}],\"order\":33,\"text\":\"Net\\nIncome\"},{\"bbox\":[726.6,1206.3,853.5,1259.8],\"lines\":[{\"bbox\":[768.2,1207.8,813.3,1224.9],\"text\":\"Other\"},{\"bbox\":[727.3,1222.9,852.9,1243.1],\"text\":\"Comprehensive\"},{\"bbox\":[760.0,1240.9,818.9,1258.5],\"text\":\"Income\"}],\"order\":34,\"text\":\"Other\\nComprehensive\\nIncome\"},{\"bbox\":[878.8,1228.8,938.3,1263.1],\"lines\":[{\"bbox\":[895.1,1229.4,922.6,1245.8],\"text\":\"Net\"},{\"bbox\":[878.8,1245.4,937.7,1263.1],\"text\":\"Income\"}],\"order\":35,\"text\":\"Net\\nIncome\"},{\"bbox\":[964.2,1215.4,1091.0,1269.0],\"lines\":[{\"bbox\":[1005.8,1217.0,1050.8,1234.1],\"text\":\"Other\"},{\"bbox\":[964.8,1232.1,1090.4,1252.3],\"text\":\"Comprehensive\"},{\"bbox\":[997.5,1250.0,1056.4,1267.7],\"text\":\"Income\"}],\"order\":36,\"text\":\"Other\\nComprehensive\\nIncome\"},{\"bbox\":[113.5,1242.2,390.9,1268.3],\"lines\":[{\"bbox\":[113.5,1242.2,390.9,1268.3],\"text\":\"Corporate bonds (pre-tax) . . . . . . . . .\"}],\"order\":37,\"text\":\"Corporate bonds (pre-tax) . . . . . . . . .\"},{\"bbox\":[437.2,1254.7,456.3,1270.8],\"lines\":[{\"bbox\":[437.2,1254.7,456.3,1270.8],\"text\":\"$0\"}],\"order\":38,\"text\":\"$0\"},{\"bbox\":[541.4,1258.7,560.6,1274.8],\"lines\":[{\"bbox\":[541.4,1258.7,560.6,1274.8],\"text\":\"$0\"}],\"order\":39,\"text\":\"$0\"},{\"bbox\":[660.1,1263.3,679.3,1279.4],\"lines\":[{\"bbox\":[660.1,1263.3,679.3,1279.4],\"text\":\"$0\"}],\"order\":40,\"text\":\"$0\"},{\"bbox\":[779.0,1267.9,798.1,1284.0],\"lines\":[{\"bbox\":[779.0,1267.9,798.1,1284.0],\"text\":\"$0\"}],\"order\":41,\"text\":\"$0\"},{\"bbox\":[881.5,1271.8,933.1,1289.2],\"lines\":[{\"bbox\":[881.5,1271.8,933.1,1289.2],\"text\":\"$5,600\"}],\"order\":42,\"text\":\"$5,600\"},{\"bbox\":[1016.5,1277.0,1035.6,1293.2],\"lines\":[{\"bbox\":[1016.5,1277.0,1035.6,1293.2],\"text\":\"$0\"}],\"order\":43,\"text\":\"$0\"},{\"bbox\":[112.4,1272.6,389.7,1298.7],\"lines\":[{\"bbox\":[112.4,1272.6,389.7,1298.7],\"text\":\"After tax . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":44,\"text\":\"After tax . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[436.0,1285.1,455.1,1301.2],\"lines\":[{\"bbox\":[436.0,1285.1,455.1,1301.2],\"text\":\"$0\"}],\"order\":45,\"text\":\"$0\"},{\"bbox\":[540.3,1289.1,559.4,1305.2],\"lines\":[{\"bbox\":[540.3,1289.1,559.4,1305.2],\"text\":\"$0\"}],\"order\":46,\"text\":\"$0\"},{\"bbox\":[659.0,1293.7,678.1,1309.8],\"lines\":[{\"bbox\":[659.0,1293.7,678.1,1309.8],\"text\":\"$0\"}],\"order\":47,\"text\":\"$0\"},{\"bbox\":[777.8,1298.3,796.9,1314.4],\"lines\":[{\"bbox\":[777.8,1298.3,796.9,1314.4],\"text\":\"$0\"}],\"order\":48,\"text\":\"$0\"},{\"bbox\":[880.3,1302.2,931.9,1319.6],\"lines\":[{\"bbox\":[880.3,1302.2,931.9,1319.6],\"text\":\"$3,640\"}],\"order\":49,\"text\":\"$3,640\"},{\"bbox\":[1015.3,1307.4,1034.4,1323.6],\"lines\":[{\"bbox\":[1015.3,1307.4,1034.4,1323.6],\"text\":\"$0\"}],\"order\":50,\"text\":\"$0\"},{\"bbox\":[106.5,1330.6,1085.4,1479.1],\"lines\":[{\"bbox\":[151.6,1332.2,1085.4,1387.5],\"text\":\"As of year end 2014, previously written down securities remaining in the portfolio were carried at a\"},{\"bbox\":[109.1,1353.5,1084.5,1410.4],\"text\":\"fair value of $52 million. Otherwise, as of December 31, 2014, Torchmark has no information available to\"},{\"bbox\":[108.2,1376.5,1083.6,1433.3],\"text\":\"cause it to believe that any of its investments are other-than-temporarily impaired. Torchmark has the\"},{\"bbox\":[107.3,1399.4,1082.8,1456.2],\"text\":\"ability and intent to hold these investments to recovery, and does not intend to sell nor expects to be\"},{\"bbox\":[106.5,1422.3,508.9,1457.0],\"text\":\"required to sell its other impaired securities.\"}],\"order\":51,\"text\":\"As of year end 2014, previously written down securities remaining in the portfolio were carried at a\\nfair value of $52 million. Otherwise, as of December 31, 2014, Torchmark has no information available to\\ncause it to believe that any of its investments are other-than-temporarily impaired. Torchmark has the\\nability and intent to hold these investments to recovery, and does not intend to sell nor expects to be\\nrequired to sell its other impaired securities.\"},{\"bbox\":[580.3,1490.8,604.2,1511.0],\"lines\":[{\"bbox\":[580.3,1490.8,604.2,1511.0],\"text\":\"75\"}],\"order\":52,\"text\":\"75\"}],\"doc\":\"fintabnet:GL_2014\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n(Dollar amounts in thousands except per share data)\\n\\nNote 4—Investments (continued)\\n\\nThe collateral underlying collateralized debt obligations for which fair values are reported as Level 3\\nconsists primarily of trust preferred securities issued by banks and insurance companies. None of the\\ncollateral is subprime or Alt-A mortgages (loans for which the typical documentation was not provided by\\nthe borrower). Collateralized debt obligations are valued at the present value of expected future cash\\nflows using an unobservable discount rate. Expected cash flows are determined by scheduling the\\nprojected repayment of the collateral assuming no future defaults, deferrals, or recoveries. The discount\\nrate is risk-adjusted to take these items into account. A significant increase (decrease) in the discount\\nrate will produce a significant decrease (increase) in fair value. Additionally, a significant increase\\n(decrease) in the cash flow expectations would result in a significant increase (decrease) in fair value.\\n\\nThe private placements are also valued based on discounted cash flows, resulting from the\\ncontractual cash flows discounted by a yield determined as a treasury benchmark adjusted for a credit\\nspread. The credit spread is developed from observable indices for similar public fixed maturities and\\nunobservable indices for private fixed maturities for corresponding credit ratings. However, the credit\\nratings for the private placements are considered unobservable inputs, as they are assigned by the third\\nparty investment manager based on a quantitative and qualitative assessment of the credit underwritten.\\nA higher (lower) credit rating would result in a higher (lower) valuation. For more information regarding\\nvaluation procedures, please refer to Note 1 — Significant Accounting Policies under the caption Fair\\nValue Measurements, Investments in Securities.\\n\\nThe following table presents transfers in and out of each of the valuation levels of fair values.\\n\\nIn\\n\\nLevel 1 . . . . . . . .\\nLevel 2 . . . . . . . .\\nLevel 3 . . . . . . . .\\n\\n$36,468\\n0\\n0\\n\\n$\\n\\n2014\\nOut\\n\\nNet\\n\\nIn\\n\\n0\\n(36,468)\\n0\\n\\n$ 36,468\\n(36,468)\\n0\\n\\n$19,416\\n50,805\\n0\\n\\n$\\n\\n2013\\nOut\\n\\nNet\\n\\nIn\\n\\n0\\n(19,416)\\n(50,805)\\n\\n$ 19,416\\n31,389\\n(50,805)\\n\\n$48,536\\n0\\n43,794\\n\\n$\\n\\n2012\\nOut\\n\\nNet\\n\\n0\\n(92,330)\\n0\\n\\n$ 48,536\\n(92,330)\\n43,794\\n\\nTransfers into Level 2 from Level 3 result from the availability of observable market data when a\\nsecurity is valued at the end of a period. Transfers into Level 3 occur when there is a lack of observable\\nmarket information. Transfers into Level 1 from Level 2 occur when direct quotes are available; transfers\\nfrom Level 1 into Level 2 result when only observable market data and no direct quotes are available.\\n\\nOther-than-temporary impairments: Torchmark has determined that certain of its holdings in fixed\\nmaturity investments were other-than-temporarily impaired during the three years ended December 31,\\n2014. The following table presents the writedowns recorded due to these impairments in accordance with\\naccounting guidance and whether the writedown was charged to earnings or other comprehensive income.\\n\\nWritedowns for Other-Than-Temporary Impairments\\n\\n2014\\nOther\\nNet\\nComprehensive\\nIncome\\nIncome\\n\\n2013\\n\\n2012\\n\\nNet\\nIncome\\n\\nOther\\nComprehensive\\nIncome\\n\\nNet\\nIncome\\n\\nOther\\nComprehensive\\nIncome\\n\\nCorporate bonds (pre-tax) . . . . . . . . .\\n\\n$0\\n\\n$0\\n\\n$0\\n\\n$0\\n\\n$5,600\\n\\n$0\\n\\nAfter tax . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$0\\n\\n$0\\n\\n$0\\n\\n$0\\n\\n$3,640\\n\\n$0\\n\\nAs of year end 2014, previously written down securities remaining in the portfolio were carried at a\\nfair value of $52 million. Otherwise, as of December 31, 2014, Torchmark has no information available to\\ncause it to believe that any of its investments are other-than-temporarily impaired. Torchmark has the\\nability and intent to hold these investments to recovery, and does not intend to sell nor expects to be\\nrequired to sell its other impaired securities.\\n\\n75\",\"name\":\"fintabnet.GL_2014_page_95__150dpi_heavy\",\"page_id\":\"fintabnet.GL_2014_page_95\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.208,\"source\":\"fintabnet\",\"source_id\":\"GL_2014_page_95\",\"stack\":[{\"deg\":-2.208,\"op\":\"skew\"},{\"amp\":0.263,\"angle\":57.2,\"blob\":0.508,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.548},{\"op\":\"noise\",\"sigma\":16.949},{\"gain\":0.607,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.05,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[130.4,704.8,1111.6,858.1],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26],\"cells\":null},{\"bbox\":[112.4,1153.6,1092.2,1325.9],\"block_orders\":[30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50],\"cells\":null}],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n(Dollar amounts in thousands except per share data)\\n\\nNote 4—Investments (continued)\\n\\nThe collateral underlying collateralized debt obligations for which fair values are reported as Level 3\\nconsists primarily of trust preferred securities issued by banks and insurance companies. None of the\\ncollateral is subprime or Alt-A mortgages (loans for which the typical documentation was not provided by\\nthe borrower). Collateralized debt obligations are valued at the present value of expected future cash\\nflows using an unobservable discount rate. Expected cash flows are determined by scheduling the\\nprojected repayment of the collateral assuming no future defaults, deferrals, or recoveries. The discount\\nrate is risk-adjusted to take these items into account. A significant increase (decrease) in the discount\\nrate will produce a significant decrease (increase) in fair value. Additionally, a significant increase\\n(decrease) in the cash flow expectations would result in a significant increase (decrease) in fair value.\\n\\nThe private placements are also valued based on discounted cash flows, resulting from the\\ncontractual cash flows discounted by a yield determined as a treasury benchmark adjusted for a credit\\nspread. The credit spread is developed from observable indices for similar public fixed maturities and\\nunobservable indices for private fixed maturities for corresponding credit ratings. However, the credit\\nratings for the private placements are considered unobservable inputs, as they are assigned by the third\\nparty investment manager based on a quantitative and qualitative assessment of the credit underwritten.\\nA higher (lower) credit rating would result in a higher (lower) valuation. For more information regarding\\nvaluation procedures, please refer to Note 1 — Significant Accounting Policies under the caption Fair\\nValue Measurements, Investments in Securities.\\n\\nThe following table presents transfers in and out of each of the valuation levels of fair values.\\n\\nIn\\n\\nLevel 1 . . . . . . . .\\nLevel 2 . . . . . . . .\\nLevel 3 . . . . . . . .\\n\\n$36,468\\n0\\n0\\n\\n$\\n\\n2014\\nOut\\n\\nNet\\n\\nIn\\n\\n0\\n(36,468)\\n0\\n\\n$ 36,468\\n(36,468)\\n0\\n\\n$19,416\\n50,805\\n0\\n\\n$\\n\\n2013\\nOut\\n\\nNet\\n\\nIn\\n\\n0\\n(19,416)\\n(50,805)\\n\\n$ 19,416\\n31,389\\n(50,805)\\n\\n$48,536\\n0\\n43,794\\n\\n$\\n\\n2012\\nOut\\n\\nNet\\n\\n0\\n(92,330)\\n0\\n\\n$ 48,536\\n(92,330)\\n43,794\\n\\nTransfers into Level 2 from Level 3 result from the availability of observable market data when a\\nsecurity is valued at the end of a period. Transfers into Level 3 occur when there is a lack of observable\\nmarket information. Transfers into Level 1 from Level 2 occur when direct quotes are available; transfers\\nfrom Level 1 into Level 2 result when only observable market data and no direct quotes are available.\\n\\nOther-than-temporary impairments: Torchmark has determined that certain of its holdings in fixed\\nmaturity investments were other-than-temporarily impaired during the three years ended December 31,\\n2014. The following table presents the writedowns recorded due to these impairments in accordance with\\naccounting guidance and whether the writedown was charged to earnings or other comprehensive income.\\n\\nWritedowns for Other-Than-Temporary Impairments\\n\\n2014\\nOther\\nNet\\nComprehensive\\nIncome\\nIncome\\n\\n2013\\n\\n2012\\n\\nNet\\nIncome\\n\\nOther\\nComprehensive\\nIncome\\n\\nNet\\nIncome\\n\\nOther\\nComprehensive\\nIncome\\n\\nCorporate bonds (pre-tax) . . . . . . . . .\\n\\n$0\\n\\n$0\\n\\n$0\\n\\n$0\\n\\n$5,600\\n\\n$0\\n\\nAfter tax . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$0\\n\\n$0\\n\\n$0\\n\\n$0\\n\\n$3,640\\n\\n$0\\n\\nAs of year end 2014, previously written down securities remaining in the portfolio were carried at a\\nfair value of $52 million. Otherwise, as of December 31, 2014, Torchmark has no information available to\\ncause it to believe that any of its investments are other-than-temporarily impaired. Torchmark has the\\nability and intent to hold these investments to recovery, and does not intend to sell nor expects to be\\nrequired to sell its other impaired securities.\\n\\n75\"},\"name\":\"fintabnet.GL_2014_page_95__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":68137,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:GL_2014\",\"dpi\":150,\"gt_sha256\":\"6ccc5d8d151c4b6f1ae25d4883f9be09c3f8a9e308aee02f3b48807e91008b2e\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GL_2014_page_95__150dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.GL_2014_page_95\",\"pdf_sha256\":\"f7fb8f7232788a2b3383a34bcf22dd8417000b943a02bb473167ba91b7a77e8c\",\"px\":[1238,1613],\"scan\":{\"render\":\"00000ff03ffe3ffe3ffc3ffe3e3c061839ec3ffc3ffc036005bc3ffc1e7c0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"GL_2014_page_95\",\"src\":{\"file_sha256\":\"1adb1c299c8880170cc37b0265a705ed7211068cd8b4142fad0aa8b5b5feafe3\",\"render\":\"00000fe03ffc3ffc3ffc3ffc3fa00ffc27fc3ffc3ffc036003bc3ffc2c000000\",\"text\":\"fd6d225b2fbf05e5f70bbc457bd556f1e459f675cac6b0f4c9ab8b3b9592e988\"},\"stack\":[{\"deg\":-2.208,\"op\":\"skew\"},{\"amp\":0.263,\"angle\":57.2,\"blob\":0.508,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.548},{\"op\":\"noise\",\"sigma\":16.949},{\"gain\":0.607,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.05,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f7fb8f7232788a2b3383a34bcf22dd8417000b943a02bb473167ba91b7a77e8c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f7fb8f7232788a2b3383a34bcf22dd8417000b943a02bb473167ba91b7a77e8c.pdf","asset_sha256":"f7fb8f7232788a2b3383a34bcf22dd8417000b943a02bb473167ba91b7a77e8c","document_id":"fintabnet:GL_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GL_2014_page_95\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GM_2010_page_176\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:GM_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[257.9,96.6,602.7,113.2],\"lines\":[{\"bbox\":[257.9,96.6,602.7,113.2],\"text\":\"GENERAL MOTORS COMPANY AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"GENERAL MOTORS COMPANY AND SUBSIDIARIES\"},{\"bbox\":[200.0,129.3,659.5,147.2],\"lines\":[{\"bbox\":[200.0,129.3,659.5,147.2],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"},{\"bbox\":[53.6,160.9,804.5,249.1],\"lines\":[{\"bbox\":[68.3,161.1,804.5,182.4],\"text\":\"In May 2009 the UST exercised this option, the outstanding principal and interest under the UST Ally Financial Loan was\"},{\"bbox\":[54.2,177.6,804.2,199.1],\"text\":\"extinguished, and Old GM recorded a net gain of $483 million. The net gain was comprised of a gain on the disposition of Ally\"},{\"bbox\":[54.0,194.2,804.0,215.7],\"text\":\"Financial Common Membership Interests of $2.5 billion recorded in Equity in income of and disposition of interest in Ally Financial\"},{\"bbox\":[53.8,210.9,803.8,232.4],\"text\":\"and a loss on extinguishment of the UST Ally Financial Loan of $2.0 billion recorded in Loss on extinguishment of debt. After the\"},{\"bbox\":[53.6,227.6,649.2,247.3],\"text\":\"exchange, Old GM’s ownership was reduced to 24.5% of Ally Financial’s Common Membership Interests.\"}],\"order\":2,\"text\":\"In May 2009 the UST exercised this option, the outstanding principal and interest under the UST Ally Financial Loan was\\nextinguished, and Old GM recorded a net gain of $483 million. The net gain was comprised of a gain on the disposition of Ally\\nFinancial Common Membership Interests of $2.5 billion recorded in Equity in income of and disposition of interest in Ally Financial\\nand a loss on extinguishment of the UST Ally Financial Loan of $2.0 billion recorded in Loss on extinguishment of debt. After the\\nexchange, Old GM’s ownership was reduced to 24.5% of Ally Financial’s Common Membership Interests.\"},{\"bbox\":[51.8,266.4,803.2,404.5],\"lines\":[{\"bbox\":[67.0,266.6,803.2,287.9],\"text\":\"Ally Financial converted its status to a C corporation effective June 30, 2009. At that date, Old GM began to account for its\"},{\"bbox\":[52.9,283.1,802.9,304.5],\"text\":\"investment in Ally Financial using the cost method rather than the equity method as Old GM could not exercise significant influence\"},{\"bbox\":[52.7,299.7,802.8,321.2],\"text\":\"over Ally Financial. Prior to converting to a C corporation, Old GM’s investment in Ally Financial was accounted for in a manner\"},{\"bbox\":[52.6,316.4,802.6,337.9],\"text\":\"similar to an investment in a limited liability partnership and the equity method was applied because Old GM’s influence was more\"},{\"bbox\":[52.4,333.1,802.3,354.5],\"text\":\"than minor. In connection with Ally Financial’s conversion into a C corporation, each unit of each class of Ally Financial Membership\"},{\"bbox\":[52.2,349.7,802.2,371.2],\"text\":\"Interests was converted into shares of capital stock of Ally Financial with substantially the same rights and preferences as such\"},{\"bbox\":[52.0,366.4,802.0,387.9],\"text\":\"Membership Interests. On July 10, 2009 we acquired the investment in Ally Financial’s common and preferred stocks in connection\"},{\"bbox\":[51.8,383.1,152.3,396.9],\"text\":\"with the 363 Sale.\"}],\"order\":3,\"text\":\"Ally Financial converted its status to a C corporation effective June 30, 2009. At that date, Old GM began to account for its\\ninvestment in Ally Financial using the cost method rather than the equity method as Old GM could not exercise significant influence\\nover Ally Financial. Prior to converting to a C corporation, Old GM’s investment in Ally Financial was accounted for in a manner\\nsimilar to an investment in a limited liability partnership and the equity method was applied because Old GM’s influence was more\\nthan minor. In connection with Ally Financial’s conversion into a C corporation, each unit of each class of Ally Financial Membership\\nInterests was converted into shares of capital stock of Ally Financial with substantially the same rights and preferences as such\\nMembership Interests. On July 10, 2009 we acquired the investment in Ally Financial’s common and preferred stocks in connection\\nwith the 363 Sale.\"},{\"bbox\":[50.5,421.9,801.4,510.0],\"lines\":[{\"bbox\":[65.2,422.0,801.3,443.4],\"text\":\"In December 2009 the UST made a capital contribution to Ally Financial of $3.8 billion. The UST also exchanged all of its existing\"},{\"bbox\":[51.1,438.5,801.2,460.0],\"text\":\"Ally Financial non-convertible preferred stock for newly issued mandatory convertible preferred securities valued at $5.3 billion and\"},{\"bbox\":[50.9,455.2,800.9,476.7],\"text\":\"converted mandatory convertible preferred securities valued at $3.0 billion into Ally Financial common stock. These actions resulted\"},{\"bbox\":[50.7,471.9,800.8,493.3],\"text\":\"in the dilution of our investment in Ally Financial common stock from 24.5% to 16.6%, of which 6.7% was held directly and 9.9%\"},{\"bbox\":[50.5,488.5,323.0,504.4],\"text\":\"was held indirectly through an independent trust.\"}],\"order\":4,\"text\":\"In December 2009 the UST made a capital contribution to Ally Financial of $3.8 billion. The UST also exchanged all of its existing\\nAlly Financial non-convertible preferred stock for newly issued mandatory convertible preferred securities valued at $5.3 billion and\\nconverted mandatory convertible preferred securities valued at $3.0 billion into Ally Financial common stock. These actions resulted\\nin the dilution of our investment in Ally Financial common stock from 24.5% to 16.6%, of which 6.7% was held directly and 9.9%\\nwas held indirectly through an independent trust.\"},{\"bbox\":[48.7,527.4,800.2,665.5],\"lines\":[{\"bbox\":[64.0,527.5,800.0,548.8],\"text\":\"In December 2010 the UST agreed to convert its optional conversion feature on the shares of mandatory convertible preferred\"},{\"bbox\":[49.9,544.0,799.9,565.5],\"text\":\"securities held by the UST. Through this transaction, Ally Financial converted 110 million shares of preferred securities into\"},{\"bbox\":[49.7,560.7,799.7,582.2],\"text\":\"532 thousand shares of common stock. This action resulted in the dilution of our investment in Ally Financial common stock from\"},{\"bbox\":[49.5,577.3,799.5,598.8],\"text\":\"16.6% to 9.9%, of which 4.0% is held directly and 5.9% is held indirectly through an independent trust. Pursuant to previous\"},{\"bbox\":[49.3,594.0,799.4,615.5],\"text\":\"commitments to reduce influence over and ownership in Ally Financial, the trustee, who is independent of us, has the sole authority to\"},{\"bbox\":[49.1,610.7,799.2,632.2],\"text\":\"vote and is required to dispose of all Ally Financial common stock held in the trust by December 24, 2011. We can cause the trustee to\"},{\"bbox\":[48.9,627.3,798.9,648.8],\"text\":\"return any Ally Financial common stock to us to hold directly, so long as our directly held voting and total common equity interests\"},{\"bbox\":[48.7,644.0,157.4,658.0],\"text\":\"remain below 10%.\"}],\"order\":5,\"text\":\"In December 2010 the UST agreed to convert its optional conversion feature on the shares of mandatory convertible preferred\\nsecurities held by the UST. Through this transaction, Ally Financial converted 110 million shares of preferred securities into\\n532 thousand shares of common stock. This action resulted in the dilution of our investment in Ally Financial common stock from\\n16.6% to 9.9%, of which 4.0% is held directly and 5.9% is held indirectly through an independent trust. Pursuant to previous\\ncommitments to reduce influence over and ownership in Ally Financial, the trustee, who is independent of us, has the sole authority to\\nvote and is required to dispose of all Ally Financial common stock held in the trust by December 24, 2011. We can cause the trustee to\\nreturn any Ally Financial common stock to us to hold directly, so long as our directly held voting and total common equity interests\\nremain below 10%.\"},{\"bbox\":[48.1,682.8,798.4,721.0],\"lines\":[{\"bbox\":[62.2,683.0,798.4,704.3],\"text\":\"The following tables summarize financial information of Ally Financial for the period Ally Financial was accounted for as a\"},{\"bbox\":[48.1,699.5,304.1,715.2],\"text\":\"nonconsolidated affiliate (dollars in millions):\"}],\"order\":6,\"text\":\"The following tables summarize financial information of Ally Financial for the period Ally Financial was accounted for as a\\nnonconsolidated affiliate (dollars in millions):\"},{\"bbox\":[45.0,777.2,615.2,979.9],\"lines\":[{\"bbox\":[47.2,777.2,291.3,792.6],\"text\":\"Consolidated Statement of Income (Loss)\"},{\"bbox\":[47.0,793.9,615.0,813.2],\"text\":\"Total financing revenue and other interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[46.8,810.5,614.8,829.9],\"text\":\"Total interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[46.6,827.2,614.6,846.5],\"text\":\"Depreciation expense on operating lease assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[46.4,843.9,614.4,863.2],\"text\":\"Gain on extinguishment of debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[46.2,860.5,614.2,879.9],\"text\":\"Total other revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[46.0,877.2,614.0,896.5],\"text\":\"Total noninterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[45.8,893.9,613.8,913.2],\"text\":\"Loss from continuing operations before income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[45.6,910.5,613.6,929.9],\"text\":\"Income tax expense from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[45.4,927.2,613.4,946.5],\"text\":\"Net income (loss) from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[45.2,943.9,613.3,963.2],\"text\":\"Loss from discontinued operations, net of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[45.0,960.5,613.1,979.9],\"text\":\"Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Consolidated Statement of Income (Loss)\\nTotal financing revenue and other interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDepreciation expense on operating lease assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGain on extinguishment of debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal other revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal noninterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLoss from continuing operations before income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome tax expense from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income (loss) from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLoss from discontinued operations, net of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[43.9,1062.3,60.2,1071.3],\"lines\":[{\"bbox\":[43.9,1062.3,60.2,1071.3],\"text\":\"174\"}],\"order\":8,\"text\":\"174\"},{\"bbox\":[69.8,1062.6,262.8,1073.7],\"lines\":[{\"bbox\":[69.8,1062.6,262.8,1073.7],\"text\":\"General Motors Company 2010 Annual Report\"}],\"order\":9,\"text\":\"General Motors Company 2010 Annual Report\"},{\"bbox\":[629.2,741.5,694.1,774.5],\"lines\":[{\"bbox\":[634.7,741.6,688.8,752.2],\"text\":\"Six Months\"},{\"bbox\":[646.1,752.8,677.1,763.2],\"text\":\"Ended\"},{\"bbox\":[629.2,763.7,693.8,774.5],\"text\":\"June 30, 2009\"}],\"order\":10,\"text\":\"Six Months\\nEnded\\nJune 30, 2009\"},{\"bbox\":[707.6,753.5,797.6,775.7],\"lines\":[{\"bbox\":[724.1,753.7,781.3,764.4],\"text\":\"Year Ended\"},{\"bbox\":[707.6,764.6,797.5,775.7],\"text\":\"December 31, 2008\"}],\"order\":11,\"text\":\"Year Ended\\nDecember 31, 2008\"},{\"bbox\":[637.6,800.8,687.2,980.7],\"lines\":[{\"bbox\":[639.6,800.8,682.6,814.0],\"text\":\"$ 6,916\"},{\"bbox\":[639.4,817.4,682.4,830.7],\"text\":\"$ 3,936\"},{\"bbox\":[639.2,834.1,682.2,847.3],\"text\":\"$ 2,113\"},{\"bbox\":[639.0,850.8,682.0,864.0],\"text\":\"$ 657\"},{\"bbox\":[638.8,867.4,681.8,880.7],\"text\":\"$ 2,117\"},{\"bbox\":[638.6,884.1,681.6,897.3],\"text\":\"$ 3,381\"},{\"bbox\":[638.4,900.8,686.0,914.0],\"text\":\"$(2,260)\"},{\"bbox\":[638.2,917.4,681.2,930.7],\"text\":\"$ 972\"},{\"bbox\":[638.0,934.1,685.6,947.4],\"text\":\"$(3,232)\"},{\"bbox\":[637.8,950.8,685.4,964.0],\"text\":\"$(1,346)\"},{\"bbox\":[637.6,967.4,685.2,980.7],\"text\":\"$(4,578)\"}],\"order\":12,\"text\":\"$ 6,916\\n$ 3,936\\n$ 2,113\\n$ 657\\n$ 2,117\\n$ 3,381\\n$(2,260)\\n$ 972\\n$(3,232)\\n$(1,346)\\n$(4,578)\"},{\"bbox\":[727.6,801.8,779.4,981.8],\"lines\":[{\"bbox\":[729.5,801.8,774.8,815.1],\"text\":\"$18,054\"},{\"bbox\":[729.3,818.5,774.6,831.7],\"text\":\"$10,441\"},{\"bbox\":[729.1,835.2,774.4,848.4],\"text\":\"$ 5,478\"},{\"bbox\":[728.9,851.8,774.2,865.1],\"text\":\"$12,628\"},{\"bbox\":[728.7,868.5,774.0,881.7],\"text\":\"$15,271\"},{\"bbox\":[728.5,885.2,773.8,898.4],\"text\":\"$ 8,349\"},{\"bbox\":[728.3,901.8,773.6,915.1],\"text\":\"$ 4,737\"},{\"bbox\":[728.1,918.5,778.0,931.8],\"text\":\"$ (136)\"},{\"bbox\":[727.9,935.2,773.2,948.4],\"text\":\"$ 4,873\"},{\"bbox\":[727.7,951.8,777.6,965.1],\"text\":\"$ (3,005)\"},{\"bbox\":[727.6,968.5,772.8,981.7],\"text\":\"$ 1,868\"}],\"order\":13,\"text\":\"$18,054\\n$10,441\\n$ 5,478\\n$12,628\\n$15,271\\n$ 8,349\\n$ 4,737\\n$ (136)\\n$ 4,873\\n$ (3,005)\\n$ 1,868\"}],\"doc\":\"fintabnet:GM_2010\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"GENERAL MOTORS COMPANY AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nIn May 2009 the UST exercised this option, the outstanding principal and interest under the UST Ally Financial Loan was\\nextinguished, and Old GM recorded a net gain of $483 million. The net gain was comprised of a gain on the disposition of Ally\\nFinancial Common Membership Interests of $2.5 billion recorded in Equity in income of and disposition of interest in Ally Financial\\nand a loss on extinguishment of the UST Ally Financial Loan of $2.0 billion recorded in Loss on extinguishment of debt. After the\\nexchange, Old GM’s ownership was reduced to 24.5% of Ally Financial’s Common Membership Interests.\\n\\nAlly Financial converted its status to a C corporation effective June 30, 2009. At that date, Old GM began to account for its\\ninvestment in Ally Financial using the cost method rather than the equity method as Old GM could not exercise significant influence\\nover Ally Financial. Prior to converting to a C corporation, Old GM’s investment in Ally Financial was accounted for in a manner\\nsimilar to an investment in a limited liability partnership and the equity method was applied because Old GM’s influence was more\\nthan minor. In connection with Ally Financial’s conversion into a C corporation, each unit of each class of Ally Financial Membership\\nInterests was converted into shares of capital stock of Ally Financial with substantially the same rights and preferences as such\\nMembership Interests. On July 10, 2009 we acquired the investment in Ally Financial’s common and preferred stocks in connection\\nwith the 363 Sale.\\n\\nIn December 2009 the UST made a capital contribution to Ally Financial of $3.8 billion. The UST also exchanged all of its existing\\nAlly Financial non-convertible preferred stock for newly issued mandatory convertible preferred securities valued at $5.3 billion and\\nconverted mandatory convertible preferred securities valued at $3.0 billion into Ally Financial common stock. These actions resulted\\nin the dilution of our investment in Ally Financial common stock from 24.5% to 16.6%, of which 6.7% was held directly and 9.9%\\nwas held indirectly through an independent trust.\\n\\nIn December 2010 the UST agreed to convert its optional conversion feature on the shares of mandatory convertible preferred\\nsecurities held by the UST. Through this transaction, Ally Financial converted 110 million shares of preferred securities into\\n532 thousand shares of common stock. This action resulted in the dilution of our investment in Ally Financial common stock from\\n16.6% to 9.9%, of which 4.0% is held directly and 5.9% is held indirectly through an independent trust. Pursuant to previous\\ncommitments to reduce influence over and ownership in Ally Financial, the trustee, who is independent of us, has the sole authority to\\nvote and is required to dispose of all Ally Financial common stock held in the trust by December 24, 2011. We can cause the trustee to\\nreturn any Ally Financial common stock to us to hold directly, so long as our directly held voting and total common equity interests\\nremain below 10%.\\n\\nThe following tables summarize financial information of Ally Financial for the period Ally Financial was accounted for as a\\nnonconsolidated affiliate (dollars in millions):\\n\\n|  | Six Months Ended June 30, 2009 | YearEnded December 31, 2008 |\\n| --- | --- | --- |\\n|  Consolidated Statement of Income (Loss) |  |  |\\n| Total financing revenue and other interest income | $6,916 | $18,054 |\\n| Total interest expense | $3,936 | $10,441 |\\n| Depreciation expense on operating lease assets | $2,113 | $5,478 |\\n| Gain on extinguishment of debt | $657 | $12,628 |\\n| Total other revenue | $2,117 | $15,271 |\\n| Total noninterest expense | $3,381 | $8,349 |\\n| Loss from continuing operations before income tax expense | $(2,260) | $4,737 |\\n| Income tax expense from continuing operations | $972 | $(136) |\\n| Net income (loss) from continuing operations | $(3,232) | $4,873 |\\n| Loss from discontinued operations, net of tax | $(1,346) | $(3,005) |\\n| Net income (loss) | $(4,578) | $1,868 |\\n\\n174\\n\\nGeneral Motors Company 2010 Annual Report\",\"name\":\"fintabnet.GM_2010_page_176__100dpi_mild\",\"page_id\":\"fintabnet.GM_2010_page_176\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.669,\"source\":\"fintabnet\",\"source_id\":\"GM_2010_page_176\",\"stack\":[{\"deg\":-0.669,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":2.988},{\"op\":\"jpeg\",\"q\":77}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[45.0,731.9,797.8,982.0],\"block_orders\":[7,10,11,12,13],\"cells\":[{\"bbox\":[629.2,740.4,694.1,774.5],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"Six Months Ended June 30, 2009\"},{\"bbox\":[707.6,752.4,797.7,775.7],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\"YearEnded December 31, 2008\"},{\"bbox\":[47.2,775.9,291.4,792.6],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\" Consolidated Statement of Income (Loss)\"},{\"bbox\":[47.0,792.7,324.6,809.8],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Total financing revenue and other interest income\"},{\"bbox\":[639.6,799.6,682.6,814.0],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"$6,916\"},{\"bbox\":[729.5,800.7,774.8,815.1],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"$18,054\"},{\"bbox\":[46.8,809.4,169.0,824.7],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Total interest expense\"},{\"bbox\":[639.4,816.3,682.4,830.7],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"$3,936\"},{\"bbox\":[729.3,817.3,774.6,831.8],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"$10,441\"},{\"bbox\":[46.6,826.0,307.5,843.0],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Depreciation expense on operating lease assets\"},{\"bbox\":[639.2,832.9,682.2,847.3],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"$2,113\"},{\"bbox\":[729.1,834.0,774.4,848.4],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"$5,478\"},{\"bbox\":[46.4,842.7,222.7,858.6],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Gain on extinguishment of debt\"},{\"bbox\":[639.0,849.6,682.0,864.0],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"$657\"},{\"bbox\":[728.9,850.7,774.2,865.1],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"$12,628\"},{\"bbox\":[46.2,859.3,155.2,874.5],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Total other revenue\"},{\"bbox\":[638.8,866.3,681.8,880.7],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"$2,117\"},{\"bbox\":[728.7,867.3,774.0,881.7],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"$15,271\"},{\"bbox\":[46.0,876.0,189.1,891.6],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Total noninterest expense\"},{\"bbox\":[638.6,882.9,681.6,897.3],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"$3,381\"},{\"bbox\":[728.5,884.0,773.8,898.4],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"$8,349\"},{\"bbox\":[45.8,892.7,379.4,910.5],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Loss from continuing operations before income tax expense\"},{\"bbox\":[638.4,899.6,686.0,914.1],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"$(2,260)\"},{\"bbox\":[728.3,900.7,773.6,915.1],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"$4,737\"},{\"bbox\":[45.6,909.3,311.1,926.3],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Income tax expense from continuing operations\"},{\"bbox\":[638.2,916.3,681.2,930.7],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"$972\"},{\"bbox\":[728.1,917.3,778.0,931.8],\"c0\":2,\"c1\":2,\"r0\":9,\"r1\":9,\"text\":\"$(136)\"},{\"bbox\":[45.4,926.0,299.4,942.9],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Net income (loss) from continuing operations\"},{\"bbox\":[638.0,932.9,685.6,947.4],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"$(3,232)\"},{\"bbox\":[727.9,934.0,773.3,948.4],\"c0\":2,\"c1\":2,\"r0\":10,\"r1\":10,\"text\":\"$4,873\"},{\"bbox\":[45.2,942.7,297.7,959.5],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"Loss from discontinued operations, net of tax\"},{\"bbox\":[637.8,949.6,685.4,964.1],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"$(1,346)\"},{\"bbox\":[727.7,950.6,777.7,965.1],\"c0\":2,\"c1\":2,\"r0\":11,\"r1\":11,\"text\":\"$(3,005)\"},{\"bbox\":[45.0,959.3,144.0,974.4],\"c0\":0,\"c1\":0,\"r0\":12,\"r1\":12,\"text\":\"Net income (loss)\"},{\"bbox\":[637.6,966.3,685.2,980.7],\"c0\":1,\"c1\":1,\"r0\":12,\"r1\":12,\"text\":\"$(4,578)\"},{\"bbox\":[727.6,967.3,772.9,981.7],\"c0\":2,\"c1\":2,\"r0\":12,\"r1\":12,\"text\":\"$1,868\"}]}],\"text\":\"GENERAL MOTORS COMPANY AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nIn May 2009 the UST exercised this option, the outstanding principal and interest under the UST Ally Financial Loan was\\nextinguished, and Old GM recorded a net gain of $483 million. The net gain was comprised of a gain on the disposition of Ally\\nFinancial Common Membership Interests of $2.5 billion recorded in Equity in income of and disposition of interest in Ally Financial\\nand a loss on extinguishment of the UST Ally Financial Loan of $2.0 billion recorded in Loss on extinguishment of debt. After the\\nexchange, Old GM’s ownership was reduced to 24.5% of Ally Financial’s Common Membership Interests.\\n\\nAlly Financial converted its status to a C corporation effective June 30, 2009. At that date, Old GM began to account for its\\ninvestment in Ally Financial using the cost method rather than the equity method as Old GM could not exercise significant influence\\nover Ally Financial. Prior to converting to a C corporation, Old GM’s investment in Ally Financial was accounted for in a manner\\nsimilar to an investment in a limited liability partnership and the equity method was applied because Old GM’s influence was more\\nthan minor. In connection with Ally Financial’s conversion into a C corporation, each unit of each class of Ally Financial Membership\\nInterests was converted into shares of capital stock of Ally Financial with substantially the same rights and preferences as such\\nMembership Interests. On July 10, 2009 we acquired the investment in Ally Financial’s common and preferred stocks in connection\\nwith the 363 Sale.\\n\\nIn December 2009 the UST made a capital contribution to Ally Financial of $3.8 billion. The UST also exchanged all of its existing\\nAlly Financial non-convertible preferred stock for newly issued mandatory convertible preferred securities valued at $5.3 billion and\\nconverted mandatory convertible preferred securities valued at $3.0 billion into Ally Financial common stock. These actions resulted\\nin the dilution of our investment in Ally Financial common stock from 24.5% to 16.6%, of which 6.7% was held directly and 9.9%\\nwas held indirectly through an independent trust.\\n\\nIn December 2010 the UST agreed to convert its optional conversion feature on the shares of mandatory convertible preferred\\nsecurities held by the UST. Through this transaction, Ally Financial converted 110 million shares of preferred securities into\\n532 thousand shares of common stock. This action resulted in the dilution of our investment in Ally Financial common stock from\\n16.6% to 9.9%, of which 4.0% is held directly and 5.9% is held indirectly through an independent trust. Pursuant to previous\\ncommitments to reduce influence over and ownership in Ally Financial, the trustee, who is independent of us, has the sole authority to\\nvote and is required to dispose of all Ally Financial common stock held in the trust by December 24, 2011. We can cause the trustee to\\nreturn any Ally Financial common stock to us to hold directly, so long as our directly held voting and total common equity interests\\nremain below 10%.\\n\\nThe following tables summarize financial information of Ally Financial for the period Ally Financial was accounted for as a\\nnonconsolidated affiliate (dollars in millions):\\n\\nConsolidated Statement of Income (Loss)\\nTotal financing revenue and other interest income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDepreciation expense on operating lease assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGain on extinguishment of debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal other revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal noninterest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLoss from continuing operations before income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome tax expense from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income (loss) from continuing operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLoss from discontinued operations, net of tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n174\\n\\nGeneral Motors Company 2010 Annual Report\\n\\nSix Months\\nEnded\\nJune 30, 2009\\n\\nYear Ended\\nDecember 31, 2008\\n\\n$ 6,916\\n$ 3,936\\n$ 2,113\\n$ 657\\n$ 2,117\\n$ 3,381\\n$(2,260)\\n$ 972\\n$(3,232)\\n$(1,346)\\n$(4,578)\\n\\n$18,054\\n$10,441\\n$ 5,478\\n$12,628\\n$15,271\\n$ 8,349\\n$ 4,737\\n$ (136)\\n$ 4,873\\n$ (3,005)\\n$ 1,868\"},\"name\":\"fintabnet.GM_2010_page_176__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":197718,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:GM_2010\",\"dpi\":100,\"gt_sha256\":\"dbba860245e37e420892393200c0986f8ac9fa357925edea5401fafb2482dac0\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GM_2010_page_176__100dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.GM_2010_page_176\",\"pdf_sha256\":\"d6b99f9f61c30b77418978a534207fb5270e3585205c13412de4a88fe3d4d4fc\",\"px\":[850,1100],\"scan\":{\"render\":\"000007607ffc7ff87ffe7ffe7ffe7c067ffe62403808780e700a7c0a00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"GM_2010_page_176\",\"src\":{\"file_sha256\":\"6f63f7010db1b721310341e47eb3a0b49f35afd2448ec374156f885172d564fb\",\"render\":\"000007e07ffe7ff07ffe7ffe7ffe7c007ffe60003808780e700a7c0a00000000\",\"text\":\"864f27737f222184fc48a6825bce12e35217b0d9b6a542ad24ef37831450c520\"},\"stack\":[{\"deg\":-0.669,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":2.988},{\"op\":\"jpeg\",\"q\":77}],\"tools\":\"21647cade0ee\"},\"sha256\":\"d6b99f9f61c30b77418978a534207fb5270e3585205c13412de4a88fe3d4d4fc\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/d6b99f9f61c30b77418978a534207fb5270e3585205c13412de4a88fe3d4d4fc.pdf","asset_sha256":"d6b99f9f61c30b77418978a534207fb5270e3585205c13412de4a88fe3d4d4fc","document_id":"fintabnet:GM_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GM_2010_page_176\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GPN_2005_page_29\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:GPN_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[818.2,211.5,922.8,239.1],\"lines\":[{\"bbox\":[818.2,211.5,922.8,239.1],\"text\":\"PART II\"}],\"order\":0,\"text\":\"PART II\"},{\"bbox\":[234.8,264.5,1455.5,351.7],\"lines\":[{\"bbox\":[235.6,264.5,1455.5,318.3],\"text\":\"ITEM 5—MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER\"},{\"bbox\":[359.8,300.8,497.6,329.1],\"text\":\"MATTERS\"}],\"order\":1,\"text\":\"ITEM 5—MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER\\nMATTERS\"},{\"bbox\":[228.1,347.8,1500.5,636.4],\"lines\":[{\"bbox\":[289.2,349.1,1500.3,403.1],\"text\":\"Our common stock trades on the New York Stock Exchange under the ticker symbol “GPN”. The table set\"},{\"bbox\":[232.8,381.1,1499.7,436.4],\"text\":\"forth below provides the intraday high and low sales prices and dividends paid per share of our common stock for\"},{\"bbox\":[232.0,414.5,1498.8,469.7],\"text\":\"the four quarters during fiscal 2005 and 2004. We expect to continue to pay our shareholders a dividend per\"},{\"bbox\":[231.3,447.8,1497.8,503.1],\"text\":\"share, on a quarterly basis, in an amount comparable to the dividends indicated in the table, before consideration\"},{\"bbox\":[230.5,481.1,1497.4,536.4],\"text\":\"of the previously announced stock split discussed in Item 1 of this report. However, any future determination to\"},{\"bbox\":[229.7,514.4,1496.6,569.7],\"text\":\"pay cash dividends will be at the discretion of our board of directors and will depend upon our results of\"},{\"bbox\":[228.9,547.8,1495.7,603.0],\"text\":\"operations, financial condition, capital requirements and such other factors as the board of directors deems\"},{\"bbox\":[228.1,581.1,325.1,608.8],\"text\":\"relevant.\"}],\"order\":2,\"text\":\"Our common stock trades on the New York Stock Exchange under the ticker symbol “GPN”. The table set\\nforth below provides the intraday high and low sales prices and dividends paid per share of our common stock for\\nthe four quarters during fiscal 2005 and 2004. We expect to continue to pay our shareholders a dividend per\\nshare, on a quarterly basis, in an amount comparable to the dividends indicated in the table, before consideration\\nof the previously announced stock split discussed in Item 1 of this report. However, any future determination to\\npay cash dividends will be at the discretion of our board of directors and will depend upon our results of\\noperations, financial condition, capital requirements and such other factors as the board of directors deems\\nrelevant.\"},{\"bbox\":[1065.8,682.5,1113.2,703.7],\"lines\":[{\"bbox\":[1065.8,682.5,1113.2,703.7],\"text\":\"High\"}],\"order\":3,\"text\":\"High\"},{\"bbox\":[1186.2,685.3,1228.6,706.4],\"lines\":[{\"bbox\":[1186.2,685.3,1228.6,706.4],\"text\":\"Low\"}],\"order\":4,\"text\":\"Low\"},{\"bbox\":[1287.1,665.5,1382.5,710.0],\"lines\":[{\"bbox\":[1291.7,665.6,1378.5,687.7],\"text\":\"Dividend\"},{\"bbox\":[1287.1,687.7,1382.0,710.0],\"text\":\"Per Share\"}],\"order\":5,\"text\":\"Dividend\\nPer Share\"},{\"bbox\":[333.2,705.9,1009.0,880.5],\"lines\":[{\"bbox\":[336.3,705.9,465.9,734.4],\"text\":\"Fiscal 2005\"},{\"bbox\":[391.1,740.5,1008.2,780.5],\"text\":\"First Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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.\"},{\"bbox\":[1042.7,933.8,1122.0,1061.0],\"lines\":[{\"bbox\":[1045.0,933.8,1122.0,961.0],\"text\":\"$38.43\"},{\"bbox\":[1058.1,967.4,1121.2,994.3],\"text\":\"45.77\"},{\"bbox\":[1057.4,1000.7,1120.4,1027.6],\"text\":\"50.31\"},{\"bbox\":[1056.6,1034.1,1119.6,1061.0],\"text\":\"51.13\"}],\"order\":11,\"text\":\"$38.43\\n45.77\\n50.31\\n51.13\"},{\"bbox\":[1160.7,936.5,1240.0,1063.7],\"lines\":[{\"bbox\":[1163.1,936.5,1240.0,963.8],\"text\":\"$31.57\"},{\"bbox\":[1176.2,970.2,1239.2,997.1],\"text\":\"36.00\"},{\"bbox\":[1175.4,1003.5,1238.4,1030.4],\"text\":\"42.79\"},{\"bbox\":[1174.6,1036.8,1237.6,1063.7],\"text\":\"42.43\"}],\"order\":12,\"text\":\"$31.57\\n36.00\\n42.79\\n42.43\"},{\"bbox\":[1294.7,939.7,1360.1,1066.6],\"lines\":[{\"bbox\":[1297.0,939.7,1360.1,966.6],\"text\":\"$0.04\"},{\"bbox\":[1310.2,973.3,1359.3,999.9],\"text\":\"0.04\"},{\"bbox\":[1309.4,1006.7,1358.5,1033.3],\"text\":\"0.04\"},{\"bbox\":[1308.6,1040.0,1357.8,1066.6],\"text\":\"0.04\"}],\"order\":13,\"text\":\"$0.04\\n0.04\\n0.04\\n0.04\"},{\"bbox\":[271.9,1082.2,1281.7,1131.5],\"lines\":[{\"bbox\":[271.9,1082.2,1281.7,1131.5],\"text\":\"The number of shareholders of record of our common stock as of July 20, 2005 was 2,547.\"}],\"order\":14,\"text\":\"The number of shareholders of record of our common stock as of July 20, 2005 was 2,547.\"},{\"bbox\":[814.8,1978.6,843.2,2004.7],\"lines\":[{\"bbox\":[814.8,1978.6,843.2,2004.7],\"text\":\"16\"}],\"order\":15,\"text\":\"16\"}],\"doc\":\"fintabnet:GPN_2005\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"PART II\\n\\nITEM 5—MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER\\nMATTERS\\n\\nOur common stock trades on the New York Stock Exchange under the ticker symbol “GPN”. The table set\\nforth below provides the intraday high and low sales prices and dividends paid per share of our common stock for\\nthe four quarters during fiscal 2005 and 2004. We expect to continue to pay our shareholders a dividend per\\nshare, on a quarterly basis, in an amount comparable to the dividends indicated in the table, before consideration\\nof the previously announced stock split discussed in Item 1 of this report. However, any future determination to\\npay cash dividends will be at the discretion of our board of directors and will depend upon our results of\\noperations, financial condition, capital requirements and such other factors as the board of directors deems\\nrelevant.\\n\\nHigh\\n\\nLow\\n\\nDividend\\nPer Share\\n\\nFiscal 2005\\nFirst Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$47.60\\n57.86\\n60.60\\n69.30\\n\\n$41.41\\n44.14\\n53.45\\n55.65\\n\\n$0.04\\n0.04\\n0.04\\n0.04\\n\\nFiscal 2004\\nFirst Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$38.43\\n45.77\\n50.31\\n51.13\\n\\n$31.57\\n36.00\\n42.79\\n42.43\\n\\n$0.04\\n0.04\\n0.04\\n0.04\\n\\nThe number of shareholders of record of our common stock as of July 20, 2005 was 2,547.\\n\\n16\",\"name\":\"fintabnet.GPN_2005_page_29__200dpi_medium\",\"page_id\":\"fintabnet.GPN_2005_page_29\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.35,\"source\":\"fintabnet\",\"source_id\":\"GPN_2005_page_29\",\"stack\":[{\"deg\":-1.35,\"op\":\"skew\"},{\"amp\":0.101,\"angle\":65.1,\"blob\":0.226,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":8.439},{\"gain\":0.76,\"op\":\"contrast\"},{\"bias\":0.093,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":21}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[329.0,638.0,1382.6,1067.0],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13],\"cells\":null}],\"text\":\"PART II\\n\\nITEM 5—MARKET FOR REGISTRANT’S COMMON EQUITY AND RELATED STOCKHOLDER\\nMATTERS\\n\\nOur common stock trades on the New York Stock Exchange under the ticker symbol “GPN”. The table set\\nforth below provides the intraday high and low sales prices and dividends paid per share of our common stock for\\nthe four quarters during fiscal 2005 and 2004. We expect to continue to pay our shareholders a dividend per\\nshare, on a quarterly basis, in an amount comparable to the dividends indicated in the table, before consideration\\nof the previously announced stock split discussed in Item 1 of this report. However, any future determination to\\npay cash dividends will be at the discretion of our board of directors and will depend upon our results of\\noperations, financial condition, capital requirements and such other factors as the board of directors deems\\nrelevant.\\n\\nHigh\\n\\nLow\\n\\nDividend\\nPer Share\\n\\nFiscal 2005\\nFirst Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$47.60\\n57.86\\n60.60\\n69.30\\n\\n$41.41\\n44.14\\n53.45\\n55.65\\n\\n$0.04\\n0.04\\n0.04\\n0.04\\n\\nFiscal 2004\\nFirst Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$38.43\\n45.77\\n50.31\\n51.13\\n\\n$31.57\\n36.00\\n42.79\\n42.43\\n\\n$0.04\\n0.04\\n0.04\\n0.04\\n\\nThe number of shareholders of record of our common stock as of July 20, 2005 was 2,547.\\n\\n16\"},\"name\":\"fintabnet.GPN_2005_page_29__200dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":32246,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:GPN_2005\",\"dpi\":200,\"gt_sha256\":\"eef4f39d76404776b022e85b48c6e16e1f44f100d23eb79c7f63dadc534fa95c\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.GPN_2005_page_29__200dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.GPN_2005_page_29\",\"pdf_sha256\":\"dd9be072b5c0b74d7b964a4d625a883c5e64c3a5bfcd2e4b6384e6440b9b2c78\",\"px\":[1700,2200],\"scan\":{\"render\":\"000000803ffc3ffc3ffc183818381c3807f00000000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"GPN_2005_page_29\",\"src\":{\"file_sha256\":\"26d4cbd5bf48490f62c85848e1deef40a1e4a98576fb0bed3fda812b9db894e0\",\"render\":\"000001803ffc3ffc3ffc1838183818381fe00000000000000000000000000000\",\"text\":\"37683f95020e201773b99b18f099d015b08c00573072eb020b276a3457cda9ae\"},\"stack\":[{\"deg\":-1.35,\"op\":\"skew\"},{\"amp\":0.101,\"angle\":65.1,\"blob\":0.226,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":8.439},{\"gain\":0.76,\"op\":\"contrast\"},{\"bias\":0.093,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":21}],\"tools\":\"21647cade0ee\"},\"sha256\":\"dd9be072b5c0b74d7b964a4d625a883c5e64c3a5bfcd2e4b6384e6440b9b2c78\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/dd9be072b5c0b74d7b964a4d625a883c5e64c3a5bfcd2e4b6384e6440b9b2c78.pdf","asset_sha256":"dd9be072b5c0b74d7b964a4d625a883c5e64c3a5bfcd2e4b6384e6440b9b2c78","document_id":"fintabnet:GPN_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"GPN_2005_page_29\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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cash paid\"},{\"bbox\":[682.0,638.2,755.9,723.4],\"lines\":[{\"bbox\":[682.0,638.4,748.1,659.4],\"text\":\"$136,952\"},{\"bbox\":[694.2,659.7,754.7,680.5],\"text\":\"(60,336)\"},{\"bbox\":[694.8,681.1,755.2,701.9],\"text\":\"(16,485)\"},{\"bbox\":[692.6,702.3,750.0,723.1],\"text\":\"$60,131\"}],\"order\":23,\"text\":\"$136,952\\n(60,336)\\n(16,485)\\n$60,131\"},{\"bbox\":[830.1,634.0,904.2,719.1],\"lines\":[{\"bbox\":[830.1,634.1,896.4,655.1],\"text\":\"$256,609\"},{\"bbox\":[833.8,655.4,902.9,676.5],\"text\":\"(106,654)\"},{\"bbox\":[843.1,676.8,903.5,697.7],\"text\":\"(21,204)\"},{\"bbox\":[832.0,698.1,898.3,719.1],\"text\":\"$128,751\"}],\"order\":24,\"text\":\"$256,609\\n(106,654)\\n(21,204)\\n$128,751\"},{\"bbox\":[987.1,629.7,1052.3,714.6],\"lines\":[{\"bbox\":[987.1,629.9,1044.6,650.7],\"text\":\"$42,616\"},{\"bbox\":[999.6,651.2,1051.1,671.8],\"text\":\"(5,997)\"},{\"bbox\":[1013.3,672.6,1051.6,692.8],\"text\":\"(120)\"},{\"bbox\":[989.0,693.9,1046.4,714.6],\"text\":\"$36,499\"}],\"order\":25,\"text\":\"$42,616\\n(5,997)\\n(120)\\n$36,499\"},{\"bbox\":[139.5,313.1,512.3,342.9],\"lines\":[{\"bbox\":[139.5,313.1,512.3,342.9],\"text\":\"Supplemental disclosures of cash flow information\"}],\"order\":26,\"text\":\"Supplemental disclosures of cash flow information\"},{\"bbox\":[140.7,357.6,438.9,385.2],\"lines\":[{\"bbox\":[140.7,357.6,438.9,385.2],\"text\":\"Cash paid during the year for income taxes\"}],\"order\":27,\"text\":\"Cash paid during the year for income taxes\"},{\"bbox\":[144.6,492.2,519.5,543.6],\"lines\":[{\"bbox\":[144.6,492.2,518.9,522.1],\"text\":\"Supplemental disclosure of non-cash investing and\"},{\"bbox\":[182.2,519.4,322.5,542.5],\"text\":\"financing activities\"}],\"order\":28,\"text\":\"Supplemental disclosure of non-cash investing and\\nfinancing activities\"},{\"bbox\":[188.9,761.2,348.0,783.0],\"lines\":[{\"bbox\":[188.9,761.2,348.0,783.0],\"text\":\"See accompanying notes.\"}],\"order\":29,\"text\":\"See accompanying notes.\"},{\"bbox\":[645.6,1546.4,671.4,1574.8],\"lines\":[{\"bbox\":[645.6,1546.4,671.4,1574.8],\"text\":\"59\"}],\"order\":30,\"text\":\"59\"}],\"doc\":\"fintabnet:GRMN_2008\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Fiscal Year Ended\\n\\nDecember 27,\\n\\nDecember 29,\\n\\nDecember 30,\\n\\n2008\\n\\n2007\\n\\n2006\\n\\n$134,421\\n\\n$54,963\\n\\n$67,044\\n\\nCash received during the year from income tax refunds\\n\\n$177\\n\\n$779\\n\\n$537\\n\\nCash paid during the year for interest\\n\\n$607\\n\\n$207\\n\\n$41\\n\\nChange in marketable securities related to unrealized\\nappreciation (depreciation)\\n\\n($68,668)\\n\\n$51,210\\n\\n$68\\n\\nAcquisitions, net of cash acquired\\nFair value of assets acquired\\nLiabilities assumed\\nLess cash acquired\\nNet cash paid\\n\\n$136,952\\n(60,336)\\n(16,485)\\n$60,131\\n\\n$256,609\\n(106,654)\\n(21,204)\\n$128,751\\n\\n$42,616\\n(5,997)\\n(120)\\n$36,499\\n\\nSupplemental disclosures of cash flow information\\n\\nCash paid during the year for income taxes\\n\\nSupplemental disclosure of non-cash investing and\\nfinancing activities\\n\\nSee accompanying notes.\\n\\n59\",\"name\":\"fintabnet.GRMN_2008_page_81__150dpi_medium\",\"page_id\":\"fintabnet.GRMN_2008_page_81\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.638,\"source\":\"fintabnet\",\"source_id\":\"GRMN_2008_page_81\",\"stack\":[{\"deg\":1.638,\"op\":\"skew\"},{\"amp\":0.102,\"angle\":68.4,\"blob\":0.688,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.746},{\"gain\":0.657,\"op\":\"contrast\"},{\"offset\":0.048,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[137.0,212.2,1052.3,738.6],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28],\"cells\":null}],\"text\":\"Fiscal Year Ended\\n\\nDecember 27,\\n\\nDecember 29,\\n\\nDecember 30,\\n\\n2008\\n\\n2007\\n\\n2006\\n\\n$134,421\\n\\n$54,963\\n\\n$67,044\\n\\nCash received during the year from income tax refunds\\n\\n$177\\n\\n$779\\n\\n$537\\n\\nCash paid during the year for interest\\n\\n$607\\n\\n$207\\n\\n$41\\n\\nChange in marketable securities related to unrealized\\nappreciation (depreciation)\\n\\n($68,668)\\n\\n$51,210\\n\\n$68\\n\\nAcquisitions, net of cash acquired\\nFair value of assets acquired\\nLiabilities assumed\\nLess cash acquired\\nNet cash paid\\n\\n$136,952\\n(60,336)\\n(16,485)\\n$60,131\\n\\n$256,609\\n(106,654)\\n(21,204)\\n$128,751\\n\\n$42,616\\n(5,997)\\n(120)\\n$36,499\\n\\nSupplemental disclosures of cash flow information\\n\\nCash paid during the year for income taxes\\n\\nSupplemental disclosure of non-cash investing and\\nfinancing activities\\n\\nSee accompanying 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HAS_2018_page_91\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HAS_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[50.8,63.1,716.5,118.7],\"lines\":[{\"bbox\":[50.8,64.6,681.7,103.5],\"text\":\"underlying investments which are traded on an active market and are redeemable within 45 days. The third\"},{\"bbox\":[51.5,78.3,716.5,118.7],\"text\":\"investment invests in hedge funds which are generally redeemable on a quarterly basis with 30 – 90 days’ notice.\"}],\"order\":0,\"text\":\"underlying investments which are traded on an active market and are redeemable within 45 days. The third\\ninvestment invests in hedge funds which are generally redeemable on a quarterly basis with 30 – 90 days’ notice.\"},{\"bbox\":[52.9,125.0,388.8,150.7],\"lines\":[{\"bbox\":[52.9,125.0,388.8,150.7],\"text\":\"(14) Stock Options, Other Stock Awards and Warrants\"}],\"order\":1,\"text\":\"(14) Stock Options, Other Stock Awards and Warrants\"},{\"bbox\":[53.9,133.2,739.2,311.6],\"lines\":[{\"bbox\":[78.9,133.6,725.1,173.1],\"text\":\"The Company has reserved 8,495 shares of its common stock for issuance upon exercise of options and other\"},{\"bbox\":[54.6,148.5,731.8,189.5],\"text\":\"awards granted or to be granted under stock incentive plans for employees and for non-employee members of the\"},{\"bbox\":[55.3,165.8,686.7,204.8],\"text\":\"Board of Directors (collectively, the “plans”). These awards generally vest and are expensed in equal annual\"},{\"bbox\":[55.9,180.1,708.8,220.0],\"text\":\"amounts over three to five years. The plans provide that options be granted at exercise prices not less than the\"},{\"bbox\":[56.6,194.5,728.9,235.3],\"text\":\"market value of the underlying common stock on the date the option is granted and options and share awards are\"},{\"bbox\":[57.3,209.8,729.0,250.5],\"text\":\"adjusted for such changes as stock splits and stock dividends. Options are exercisable for periods of no more than\"},{\"bbox\":[58.0,225.3,724.4,265.8],\"text\":\"seven years after date of grant. Upon exercise in the case of stock options, grant in the case of restricted stock or\"},{\"bbox\":[58.6,240.0,737.8,281.1],\"text\":\"vesting in the case of performance based contingent stock and restricted stock unit grants, shares are issued out of\"},{\"bbox\":[59.3,256.2,718.6,296.3],\"text\":\"available treasury shares. The Company’s current plan permits the granting of awards in the form of stock, stock\"},{\"bbox\":[60.0,280.0,524.7,311.6],\"text\":\"appreciation rights, stock awards and cash awards in addition to stock options.\"}],\"order\":2,\"text\":\"The Company has reserved 8,495 shares of its common stock for issuance upon exercise of options and other\\nawards granted or to be granted under stock incentive plans for employees and for non-employee members of the\\nBoard of Directors (collectively, the “plans”). These awards generally vest and are expensed in equal annual\\namounts over three to five years. The plans provide that options be granted at exercise prices not less than the\\nmarket value of the underlying common stock on the date the option is granted and options and share awards are\\nadjusted for such changes as stock splits and stock dividends. Options are exercisable for periods of no more than\\nseven years after date of grant. Upon exercise in the case of stock options, grant in the case of restricted stock or\\nvesting in the case of performance based contingent stock and restricted stock unit grants, shares are issued out of\\navailable treasury shares. The Company’s current plan permits the granting of awards in the form of stock, stock\\nappreciation rights, stock awards and cash awards in addition to stock options.\"},{\"bbox\":[61.0,294.8,726.5,380.9],\"lines\":[{\"bbox\":[86.0,294.8,724.4,334.1],\"text\":\"Total compensation expense related to stock options, restricted stock units, including those awards made to\"},{\"bbox\":[61.7,313.0,659.1,350.4],\"text\":\"non-employee members of its Board of Directors, and stock performance awards for the years ended\"},{\"bbox\":[62.4,325.6,720.6,365.7],\"text\":\"December 30, 2018, December 31, 2017 and December 25, 2016 was $27,892, $56,032 and $61,624, respectively,\"},{\"bbox\":[63.1,362.4,234.3,380.9],\"text\":\"and was recorded as follows:\"}],\"order\":3,\"text\":\"Total compensation expense related to stock options, restricted stock units, including those awards made to\\nnon-employee members of its Board of Directors, and stock performance awards for the years ended\\nDecember 30, 2018, December 31, 2017 and December 25, 2016 was $27,892, $56,032 and $61,624, respectively,\\nand was recorded as follows:\"},{\"bbox\":[92.6,389.6,532.2,456.0],\"lines\":[{\"bbox\":[92.6,389.6,530.6,420.0],\"text\":\"Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[93.4,407.7,531.4,438.0],\"text\":\"Product development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[94.2,425.7,532.2,456.0],\"text\":\"Selling, distribution and administration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProduct development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSelling, distribution and 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tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":18,\"text\":\"Income tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[70.9,516.2,750.0,587.7],\"lines\":[{\"bbox\":[95.9,516.4,744.8,556.1],\"text\":\"The following table represents total stock compensation expense by award type related to stock performance\"},{\"bbox\":[71.6,531.5,749.3,572.4],\"text\":\"awards, restricted stock units, stock options and awards made to non-employee members of the Company’s Board\"},{\"bbox\":[72.2,551.5,641.8,587.7],\"text\":\"of Directors, for the years ended December 30, 2018, December 31, 2017 and December 25, 2016:\"}],\"order\":19,\"text\":\"The following table represents total stock compensation expense by award type related to stock performance\\nawards, restricted stock units, stock options and awards made to non-employee members of the Company’s Board\\nof Directors, for the years ended December 30, 2018, December 31, 2017 and December 25, 2016:\"},{\"bbox\":[101.8,596.4,542.2,680.8],\"lines\":[{\"bbox\":[101.8,596.4,539.8,626.7],\"text\":\"Stock performance awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[102.6,614.4,540.6,644.8],\"text\":\"Restricted stock units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[103.4,632.4,541.4,662.8],\"text\":\"Stock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[104.2,650.5,542.2,680.8],\"text\":\"Non-employee awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":20,\"text\":\"Stock performance awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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.\"},{\"bbox\":[570.7,574.2,596.0,584.9],\"lines\":[{\"bbox\":[570.7,574.2,596.0,584.9],\"text\":\"2018\"}],\"order\":22,\"text\":\"2018\"},{\"bbox\":[635.5,571.3,660.7,582.1],\"lines\":[{\"bbox\":[635.5,571.3,660.7,582.1],\"text\":\"2017\"}],\"order\":23,\"text\":\"2017\"},{\"bbox\":[695.7,568.6,721.4,579.4],\"lines\":[{\"bbox\":[695.7,568.6,721.4,579.4],\"text\":\"2016\"}],\"order\":24,\"text\":\"2016\"},{\"bbox\":[573.2,593.3,610.9,659.9],\"lines\":[{\"bbox\":[585.7,593.3,608.5,605.3],\"text\":\"842\"},{\"bbox\":[574.0,611.4,609.3,623.9],\"text\":\"17,897\"},{\"bbox\":[578.6,629.4,610.1,641.7],\"text\":\"7,393\"},{\"bbox\":[581.2,647.4,610.8,659.7],\"text\":\"1,760\"}],\"order\":25,\"text\":\"842\\n17,897\\n7,393\\n1,760\"},{\"bbox\":[630.0,590.6,671.6,657.4],\"lines\":[{\"bbox\":[631.6,590.6,669.2,603.2],\"text\":\"27,522\"},{\"bbox\":[630.8,608.7,670.0,621.3],\"text\":\"20,573\"},{\"bbox\":[638.4,626.7,670.7,639.1],\"text\":\"6,342\"},{\"bbox\":[643.0,644.7,671.6,656.9],\"text\":\"1,595\"}],\"order\":26,\"text\":\"27,522\\n20,573\\n6,342\\n1,595\"},{\"bbox\":[689.6,588.0,731.8,654.8],\"lines\":[{\"bbox\":[689.6,588.0,729.4,600.7],\"text\":\"34,248\"},{\"bbox\":[692.8,606.0,730.2,618.6],\"text\":\"19,908\"},{\"bbox\":[699.2,624.0,731.0,636.4],\"text\":\"5,838\"},{\"bbox\":[701.9,642.1,731.7,654.3],\"text\":\"1,630\"}],\"order\":27,\"text\":\"34,248\\n19,908\\n5,838\\n1,630\"},{\"bbox\":[573.6,671.0,612.7,701.7],\"lines\":[{\"bbox\":[573.6,671.0,611.9,683.7],\"text\":\"27,892\"},{\"bbox\":[581.5,689.1,612.7,701.4],\"text\":\"2,832\"}],\"order\":28,\"text\":\"27,892\\n2,832\"},{\"bbox\":[632.8,668.3,673.4,699.1],\"lines\":[{\"bbox\":[632.8,668.3,672.6,681.0],\"text\":\"56,032\"},{\"bbox\":[641.1,686.4,673.4,698.7],\"text\":\"9,574\"}],\"order\":29,\"text\":\"56,032\\n9,574\"},{\"bbox\":[692.9,665.7,733.7,696.4],\"lines\":[{\"bbox\":[696.4,665.7,732.9,678.2],\"text\":\"61,624\"},{\"bbox\":[693.7,683.7,733.6,696.4],\"text\":\"20,298\"}],\"order\":30,\"text\":\"61,624\\n20,298\"},{\"bbox\":[565.4,712.7,613.8,725.7],\"lines\":[{\"bbox\":[565.4,712.7,613.8,725.7],\"text\":\"$25,060\"}],\"order\":31,\"text\":\"$25,060\"},{\"bbox\":[634.1,710.0,674.5,722.7],\"lines\":[{\"bbox\":[634.1,710.0,674.5,722.7],\"text\":\"46,458\"}],\"order\":32,\"text\":\"46,458\"},{\"bbox\":[698.6,707.3,734.7,719.8],\"lines\":[{\"bbox\":[698.6,707.3,734.7,719.8],\"text\":\"41,326\"}],\"order\":33,\"text\":\"41,326\"},{\"bbox\":[560.1,595.1,568.6,606.4],\"lines\":[{\"bbox\":[560.1,595.1,568.6,606.4],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[93.3,763.7,246.6,781.5],\"lines\":[{\"bbox\":[93.3,763.7,246.6,781.5],\"text\":\"Stock Performance Awards\"}],\"order\":35,\"text\":\"Stock Performance Awards\"},{\"bbox\":[81.9,764.8,761.4,942.9],\"lines\":[{\"bbox\":[106.9,764.8,755.3,804.4],\"text\":\"In 2018, 2017 and 2016, as part of its annual equity grant to executive officers and certain other employees, the\"},{\"bbox\":[82.6,780.1,753.8,820.8],\"text\":\"Company issued contingent stock performance awards (the “Stock Performance Awards”). These awards provide\"},{\"bbox\":[83.2,798.3,688.5,836.1],\"text\":\"the recipients with the ability to earn shares of the Company’s common stock based on the Company’s\"},{\"bbox\":[83.9,811.7,730.7,851.3],\"text\":\"achievement of stated cumulative operating performance targets over the three fiscal years ended December\"},{\"bbox\":[84.6,828.5,698.2,866.6],\"text\":\"2020, December 2019, and December 2018 for the 2018, 2017 and 2016 awards, respectively. Each Stock\"},{\"bbox\":[85.3,841.8,742.3,881.9],\"text\":\"Performance Award has a target number of shares of common stock associated with such award which may be\"},{\"bbox\":[85.9,857.2,739.9,897.1],\"text\":\"earned by the recipient if the Company achieves the stated diluted earnings per share and revenue targets. For\"},{\"bbox\":[86.6,872.3,744.5,912.4],\"text\":\"certain employees, the Stock Performance Awards also include an additional return on invested capital target in\"},{\"bbox\":[87.3,887.4,749.4,927.6],\"text\":\"addition to the diluted earnings per share and revenue targets. The ultimate amount of the award may vary from\"},{\"bbox\":[88.0,908.2,624.3,942.9],\"text\":\"0% to 200% of the target number of shares, depending on the cumulative results achieved.\"}],\"order\":36,\"text\":\"In 2018, 2017 and 2016, as part of its annual equity grant to executive officers and certain other employees, the\\nCompany issued contingent stock performance awards (the “Stock Performance Awards”). These awards provide\\nthe recipients with the ability to earn shares of the Company’s common stock based on the Company’s\\nachievement of stated cumulative operating performance targets over the three fiscal years ended December\\n2020, December 2019, and December 2018 for the 2018, 2017 and 2016 awards, respectively. Each Stock\\nPerformance Award has a target number of shares of common stock associated with such award which may be\\nearned by the recipient if the Company achieves the stated diluted earnings per share and revenue targets. For\\ncertain employees, the Stock Performance Awards also include an additional return on invested capital target in\\naddition to the diluted earnings per share and revenue targets. The ultimate amount of the award may vary from\\n0% to 200% of the target number of shares, depending on the cumulative results achieved.\"},{\"bbox\":[425.1,992.8,440.8,1004.4],\"lines\":[{\"bbox\":[425.1,992.8,440.8,1004.4],\"text\":\"79\"}],\"order\":37,\"text\":\"79\"}],\"doc\":\"fintabnet:HAS_2018\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"underlying investments which are traded on an active market and are redeemable within 45 days. The third\\ninvestment invests in hedge funds which are generally redeemable on a quarterly basis with 30 – 90 days’ notice.\\n\\n(14) Stock Options, Other Stock Awards and Warrants\\n\\nThe Company has reserved 8,495 shares of its common stock for issuance upon exercise of options and other\\nawards granted or to be granted under stock incentive plans for employees and for non-employee members of the\\nBoard of Directors (collectively, the “plans”). These awards generally vest and are expensed in equal annual\\namounts over three to five years. The plans provide that options be granted at exercise prices not less than the\\nmarket value of the underlying common stock on the date the option is granted and options and share awards are\\nadjusted for such changes as stock splits and stock dividends. Options are exercisable for periods of no more than\\nseven years after date of grant. Upon exercise in the case of stock options, grant in the case of restricted stock or\\nvesting in the case of performance based contingent stock and restricted stock unit grants, shares are issued out of\\navailable treasury shares. The Company’s current plan permits the granting of awards in the form of stock, stock\\nappreciation rights, stock awards and cash awards in addition to stock options.\\n\\nTotal compensation expense related to stock options, restricted stock units, including those awards made to\\nnon-employee members of its Board of Directors, and stock performance awards for the years ended\\nDecember 30, 2018, December 31, 2017 and December 25, 2016 was $27,892, $56,032 and $61,624, respectively,\\nand was recorded as follows:\\n\\nCost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProduct development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSelling, distribution and administration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2018\\n\\n2017\\n\\n2016\\n\\n—\\n3,466\\n24,426\\n\\n—\\n3,312\\n52,720\\n\\n200\\n3,248\\n58,176\\n\\n27,892\\n2,832\\n\\n56,032\\n9,574\\n\\n61,624\\n20,298\\n\\n$25,060\\n\\n46,458\\n\\n41,326\\n\\n$\\n\\nIncome tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nThe following table represents total stock compensation expense by award type related to stock performance\\nawards, restricted stock units, stock options and awards made to non-employee members of the Company’s Board\\nof Directors, for the years ended December 30, 2018, December 31, 2017 and December 25, 2016:\\n\\nStock performance awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRestricted stock units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nStock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNon-employee awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nIncome tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2018\\n\\n2017\\n\\n2016\\n\\n842\\n17,897\\n7,393\\n1,760\\n\\n27,522\\n20,573\\n6,342\\n1,595\\n\\n34,248\\n19,908\\n5,838\\n1,630\\n\\n27,892\\n2,832\\n\\n56,032\\n9,574\\n\\n61,624\\n20,298\\n\\n$25,060\\n\\n46,458\\n\\n41,326\\n\\n$\\n\\nStock Performance Awards\\n\\nIn 2018, 2017 and 2016, as part of its annual equity grant to executive officers and certain other employees, the\\nCompany issued contingent stock performance awards (the “Stock Performance Awards”). These awards provide\\nthe recipients with the ability to earn shares of the Company’s common stock based on the Company’s\\nachievement of stated cumulative operating performance targets over the three fiscal years ended December\\n2020, December 2019, and December 2018 for the 2018, 2017 and 2016 awards, respectively. Each Stock\\nPerformance Award has a target number of shares of common stock associated with such award which may be\\nearned by the recipient if the Company achieves the stated diluted earnings per share and revenue targets. For\\ncertain employees, the Stock Performance Awards also include an additional return on invested capital target in\\naddition to the diluted earnings per share and revenue targets. 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The third\\ninvestment invests in hedge funds which are generally redeemable on a quarterly basis with 30 – 90 days’ notice.\\n\\n(14) Stock Options, Other Stock Awards and Warrants\\n\\nThe Company has reserved 8,495 shares of its common stock for issuance upon exercise of options and other\\nawards granted or to be granted under stock incentive plans for employees and for non-employee members of the\\nBoard of Directors (collectively, the “plans”). These awards generally vest and are expensed in equal annual\\namounts over three to five years. The plans provide that options be granted at exercise prices not less than the\\nmarket value of the underlying common stock on the date the option is granted and options and share awards are\\nadjusted for such changes as stock splits and stock dividends. Options are exercisable for periods of no more than\\nseven years after date of grant. Upon exercise in the case of stock options, grant in the case of restricted stock or\\nvesting in the case of performance based contingent stock and restricted stock unit grants, shares are issued out of\\navailable treasury shares. The Company’s current plan permits the granting of awards in the form of stock, stock\\nappreciation rights, stock awards and cash awards in addition to stock options.\\n\\nTotal compensation expense related to stock options, restricted stock units, including those awards made to\\nnon-employee members of its Board of Directors, and stock performance awards for the years ended\\nDecember 30, 2018, December 31, 2017 and December 25, 2016 was $27,892, $56,032 and $61,624, respectively,\\nand was recorded as follows:\\n\\nCost of sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProduct development . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSelling, distribution and administration . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2018\\n\\n2017\\n\\n2016\\n\\n—\\n3,466\\n24,426\\n\\n—\\n3,312\\n52,720\\n\\n200\\n3,248\\n58,176\\n\\n27,892\\n2,832\\n\\n56,032\\n9,574\\n\\n61,624\\n20,298\\n\\n$25,060\\n\\n46,458\\n\\n41,326\\n\\n$\\n\\nIncome tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nThe following table represents total stock compensation expense by award type related to stock performance\\nawards, restricted stock units, stock options and awards made to non-employee members of the Company’s Board\\nof Directors, for the years ended December 30, 2018, December 31, 2017 and December 25, 2016:\\n\\nStock performance awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRestricted stock units . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nStock options . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNon-employee awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nIncome tax benefit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2018\\n\\n2017\\n\\n2016\\n\\n842\\n17,897\\n7,393\\n1,760\\n\\n27,522\\n20,573\\n6,342\\n1,595\\n\\n34,248\\n19,908\\n5,838\\n1,630\\n\\n27,892\\n2,832\\n\\n56,032\\n9,574\\n\\n61,624\\n20,298\\n\\n$25,060\\n\\n46,458\\n\\n41,326\\n\\n$\\n\\nStock Performance Awards\\n\\nIn 2018, 2017 and 2016, as part of its annual equity grant to executive officers and certain other employees, the\\nCompany issued contingent stock performance awards (the “Stock Performance Awards”). These awards provide\\nthe recipients with the ability to earn shares of the Company’s common stock based on the Company’s\\nachievement of stated cumulative operating performance targets over the three fiscal years ended December\\n2020, December 2019, and December 2018 for the 2018, 2017 and 2016 awards, respectively. Each Stock\\nPerformance Award has a target number of shares of common stock associated with such award which may be\\nearned by the recipient if the Company achieves the stated diluted earnings per share and revenue targets. For\\ncertain employees, the Stock Performance Awards also include an additional return on invested capital target in\\naddition to the diluted earnings per share and revenue targets. The ultimate amount of the award may vary from\\n0% to 200% of the target number of shares, depending on the cumulative results achieved.\\n\\n79\"},\"name\":\"fintabnet.HAS_2018_page_91__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":112105,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:HAS_2018\",\"dpi\":100,\"gt_sha256\":\"f7affb6ca05523fa654f0343adf48a8ad78fb4cad93a851d32981503c850e56a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HAS_2018_page_91__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.HAS_2018_page_91\",\"pdf_sha256\":\"97fd3b3ddf57b91293eb24a63bd3e1be50ece3ac9f6c3a44528de6a1889033eb\",\"px\":[825,1075],\"scan\":{\"render\":\"07ff7fff7fff7fff7fff387f201c003e07fc001c001c000c0ffc3bf000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"HAS_2018_page_91\",\"src\":{\"file_sha256\":\"ca24f52426cbc10d13965a8c7d872071b62fa4164b73a88cebc3dbe4c0eb8254\",\"render\":\"00007ff87ffc7ffc7ff8301c301c001c3ffc301c001c3f7c7ffc7ffc00000000\",\"text\":\"db522f5aa6c2887a65475769df7cab0c95a20283807ef6bf15c6b71254b5bb77\"},\"stack\":[{\"deg\":2.537,\"op\":\"skew\"},{\"amp\":0.346,\"angle\":300.3,\"blob\":0.25,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":5.334,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":17.926},{\"offset\":-0.036,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"97fd3b3ddf57b91293eb24a63bd3e1be50ece3ac9f6c3a44528de6a1889033eb\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/97fd3b3ddf57b91293eb24a63bd3e1be50ece3ac9f6c3a44528de6a1889033eb.pdf","asset_sha256":"97fd3b3ddf57b91293eb24a63bd3e1be50ece3ac9f6c3a44528de6a1889033eb","document_id":"fintabnet:HAS_2018","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HAS_2018_page_91\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HBAN_2016_page_183\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HBAN_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[39.6,34.4,1139.3,106.8],\"lines\":[{\"bbox\":[89.6,34.4,1138.7,80.6],\"text\":\"The changes in fair value of the fair value hedges are, to the extent that the hedging relationship is effective, recorded through\"},{\"bbox\":[40.2,70.5,638.2,106.8],\"text\":\"earnings and offset against changes in the fair value of the hedged item.\"}],\"order\":0,\"text\":\"The changes in fair value of the fair value hedges are, to the extent that the hedging relationship is effective, recorded through\\nearnings and offset against changes in the fair value of the hedged item.\"},{\"bbox\":[41.1,103.6,1123.1,175.5],\"lines\":[{\"bbox\":[91.1,103.6,1122.6,149.4],\"text\":\"The following table presents the change in fair value for derivatives designated as fair value hedges as well as the offsetting\"},{\"bbox\":[41.7,145.0,377.3,175.5],\"text\":\"change in fair value on the hedged item:\"}],\"order\":1,\"text\":\"The following table presents the change in fair value for derivatives designated as fair value hedges as well as the offsetting\\nchange in fair value on the hedged item:\"},{\"bbox\":[854.5,174.5,1028.9,196.8],\"lines\":[{\"bbox\":[854.5,174.5,1028.9,196.8],\"text\":\"Year ended December 31,\"}],\"order\":2,\"text\":\"Year ended December 31,\"},{\"bbox\":[49.5,218.8,251.3,241.7],\"lines\":[{\"bbox\":[49.5,218.8,251.3,241.7],\"text\":\"(dollar amounts in thousands)\"}],\"order\":3,\"text\":\"(dollar amounts in thousands)\"},{\"bbox\":[770.5,206.6,804.2,225.7],\"lines\":[{\"bbox\":[770.5,206.6,804.2,225.7],\"text\":\"2016\"}],\"order\":4,\"text\":\"2016\"},{\"bbox\":[50.1,233.0,736.0,456.5],\"lines\":[{\"bbox\":[50.1,244.0,230.0,271.1],\"text\":\"Interest rate contracts\"},{\"bbox\":[88.2,264.7,615.4,299.4],\"text\":\"Change in fair value of interest rate swaps hedging deposits (1)\"},{\"bbox\":[721.7,264.0,732.6,287.3],\"text\":\"$\"},{\"bbox\":[88.9,299.6,450.0,330.7],\"text\":\"Change in fair value of hedged deposits (1)\"},{\"bbox\":[89.6,325.3,705.4,361.9],\"text\":\"Change in fair value of interest rate swaps hedging subordinated notes (2)\"},{\"bbox\":[90.3,360.2,539.9,393.2],\"text\":\"Change in fair value of hedged subordinated notes (2)\"},{\"bbox\":[91.0,388.5,673.2,424.4],\"text\":\"Change in fair value of interest rate swaps hedging long-term debt (2)\"},{\"bbox\":[91.7,422.4,555.8,455.7],\"text\":\"Change in fair value of hedged other long-term debt (2)\"}],\"order\":5,\"text\":\"Interest rate contracts\\nChange in fair value of interest rate swaps hedging deposits (1)\\n$\\nChange in fair value of hedged deposits (1)\\nChange in fair value of interest rate swaps hedging subordinated notes (2)\\nChange in fair value of hedged subordinated notes (2)\\nChange in fair value of interest rate swaps hedging long-term debt (2)\\nChange in fair value of hedged other long-term debt (2)\"},{\"bbox\":[46.5,468.6,71.3,492.2],\"lines\":[{\"bbox\":[46.5,468.6,71.3,492.2],\"text\":\"(1)\"}],\"order\":6,\"text\":\"(1)\"},{\"bbox\":[924.6,203.1,958.4,222.3],\"lines\":[{\"bbox\":[924.6,203.1,958.4,222.3],\"text\":\"2015\"}],\"order\":7,\"text\":\"2015\"},{\"bbox\":[1078.8,199.7,1112.6,218.9],\"lines\":[{\"bbox\":[1078.8,199.7,1112.6,218.9],\"text\":\"2014\"}],\"order\":8,\"text\":\"2014\"},{\"bbox\":[790.0,260.5,888.2,348.2],\"lines\":[{\"bbox\":[826.5,260.5,886.8,285.0],\"text\":\"(82) $\"},{\"bbox\":[834.2,292.5,855.5,316.1],\"text\":\"72\"},{\"bbox\":[791.4,323.5,863.1,348.2],\"text\":\"(47,852)\"}],\"order\":9,\"text\":\"(82) $\\n72\\n(47,852)\"},{\"bbox\":[954.6,257.1,1042.4,344.5],\"lines\":[{\"bbox\":[970.3,257.1,1041.0,281.8],\"text\":\"(996) $\"},{\"bbox\":[977.9,289.1,1009.7,312.9],\"text\":\"992\"},{\"bbox\":[956.0,320.1,1017.3,344.5],\"text\":\"(8,237)\"}],\"order\":10,\"text\":\"(996) $\\n992\\n(8,237)\"},{\"bbox\":[792.1,354.9,864.5,410.7],\"lines\":[{\"bbox\":[799.1,355.1,856.9,379.4],\"text\":\"45,019\"},{\"bbox\":[792.8,386.0,864.5,410.7],\"text\":\"(74,481)\"}],\"order\":11,\"text\":\"45,019\\n(74,481)\"},{\"bbox\":[956.7,351.5,1019.4,438.3],\"lines\":[{\"bbox\":[963.7,351.6,1011.1,375.7],\"text\":\"8,237\"},{\"bbox\":[964.4,382.9,1011.8,407.0],\"text\":\"3,903\"},{\"bbox\":[958.1,413.9,1019.4,438.3],\"text\":\"(3,602)\"}],\"order\":12,\"text\":\"8,237\\n3,903\\n(3,602)\"},{\"bbox\":[800.5,417.6,858.3,441.9],\"lines\":[{\"bbox\":[800.5,417.6,858.3,441.9],\"text\":\"67,389\"}],\"order\":13,\"text\":\"67,389\"},{\"bbox\":[1108.8,254.3,1173.6,435.0],\"lines\":[{\"bbox\":[1108.8,254.3,1170.1,278.7],\"text\":\"(1,045)\"},{\"bbox\":[1116.5,285.7,1163.9,309.8],\"text\":\"1,025\"},{\"bbox\":[1132.8,317.0,1164.6,340.7],\"text\":\"476\"},{\"bbox\":[1126.5,348.1,1172.2,372.2],\"text\":\"(476)\"},{\"bbox\":[1118.6,379.5,1166.0,403.6],\"text\":\"1,990\"},{\"bbox\":[1134.9,410.7,1166.7,434.5],\"text\":\"828\"}],\"order\":14,\"text\":\"(1,045)\\n1,025\\n476\\n(476)\\n1,990\\n828\"},{\"bbox\":[112.1,444.4,1174.1,615.8],\"lines\":[{\"bbox\":[112.1,445.1,1136.3,490.8],\"text\":\"Effective portion of the hedging relationship is recognized in Interest expense—deposits in the Consolidated Statements of\"},{\"bbox\":[112.7,469.7,1156.5,515.8],\"text\":\"Income. Any resulting ineffective portion of the hedging relationship is recognized in noninterest income in the Consolidated\"},{\"bbox\":[113.2,513.6,300.7,540.8],\"text\":\"Statements of Income.\"},{\"bbox\":[113.8,519.4,1172.9,565.8],\"text\":\"Effective portion of the hedging relationship is recognized in Interest expense—subordinated notes and other long-term debt in\"},{\"bbox\":[114.3,546.2,1091.5,590.8],\"text\":\"the Consolidated Statements of Income. Any resulting ineffective portion of the hedging relationship is recognized in\"},{\"bbox\":[114.9,581.3,634.1,615.8],\"text\":\"noninterest income in the Consolidated Statements of Income.\"}],\"order\":15,\"text\":\"Effective portion of the hedging relationship is recognized in Interest expense—deposits in the Consolidated Statements of\\nIncome. Any resulting ineffective portion of the hedging relationship is recognized in noninterest income in the Consolidated\\nStatements of Income.\\nEffective portion of the hedging relationship is recognized in Interest expense—subordinated notes and other long-term debt in\\nthe Consolidated Statements of Income. Any resulting ineffective portion of the hedging relationship is recognized in\\nnoninterest income in the Consolidated Statements of Income.\"},{\"bbox\":[48.2,543.6,73.0,567.2],\"lines\":[{\"bbox\":[48.2,543.6,73.0,567.2],\"text\":\"(2)\"}],\"order\":16,\"text\":\"(2)\"},{\"bbox\":[52.4,613.1,1177.2,686.0],\"lines\":[{\"bbox\":[102.4,613.1,1176.7,659.9],\"text\":\"The following table presents the gains and (losses) recognized in OCI and the location in the Consolidated Statements of Income\"},{\"bbox\":[53.0,642.0,999.7,686.0],\"text\":\"of gains and (losses) reclassified from OCI into earnings for derivatives designated as effective cash flow hedges:\"}],\"order\":17,\"text\":\"The following table presents the gains and (losses) recognized in OCI and the location in the Consolidated Statements of Income\\nof gains and (losses) reclassified from OCI into earnings for derivatives designated as effective cash flow hedges:\"},{\"bbox\":[60.7,726.7,189.6,781.3],\"lines\":[{\"bbox\":[60.7,726.7,188.9,747.9],\"text\":\"Derivatives in cash\"},{\"bbox\":[61.1,744.2,149.9,764.6],\"text\":\"flow hedging\"},{\"bbox\":[61.4,760.9,147.0,781.3],\"text\":\"relationships\"}],\"order\":18,\"text\":\"Derivatives in cash\\nflow hedging\\nrelationships\"},{\"bbox\":[340.5,718.9,540.4,775.1],\"lines\":[{\"bbox\":[357.4,719.3,522.6,741.4],\"text\":\"Amount of gain or (loss)\"},{\"bbox\":[368.3,736.2,512.7,757.8],\"text\":\"recognized in OCI on\"},{\"bbox\":[341.3,752.3,540.4,775.1],\"text\":\"derivatives (effective portion)\"}],\"order\":19,\"text\":\"Amount of gain or (loss)\\nrecognized in OCI on\\nderivatives (effective portion)\"},{\"bbox\":[62.0,785.5,263.9,808.4],\"lines\":[{\"bbox\":[62.0,785.5,263.9,808.4],\"text\":\"(dollar amounts in thousands)\"}],\"order\":20,\"text\":\"(dollar amounts in thousands)\"},{\"bbox\":[328.7,783.3,362.5,802.5],\"lines\":[{\"bbox\":[328.7,783.3,362.5,802.5],\"text\":\"2016\"}],\"order\":21,\"text\":\"2016\"},{\"bbox\":[424.6,781.2,458.3,800.4],\"lines\":[{\"bbox\":[424.6,781.2,458.3,800.4],\"text\":\"2015\"}],\"order\":22,\"text\":\"2015\"},{\"bbox\":[922.8,688.6,1158.1,762.2],\"lines\":[{\"bbox\":[957.1,689.4,1122.4,711.5],\"text\":\"Amount of (gain) or loss\"},{\"bbox\":[923.1,705.3,1157.3,728.9],\"text\":\"reclassified from accumulated OCI\"},{\"bbox\":[934.2,722.2,1146.8,745.3],\"text\":\"into earnings (effective portion)\"},{\"bbox\":[1011.6,740.6,1070.3,760.3],\"text\":\"(pre-tax)\"}],\"order\":23,\"text\":\"Amount of (gain) or loss\\nreclassified from accumulated OCI\\ninto earnings (effective portion)\\n(pre-tax)\"},{\"bbox\":[623.1,711.9,858.0,768.9],\"lines\":[{\"bbox\":[655.2,712.6,825.0,734.8],\"text\":\"Location of gain or (loss)\"},{\"bbox\":[623.4,728.6,857.7,752.2],\"text\":\"reclassified from accumulated OCI\"},{\"bbox\":[634.5,745.5,847.2,768.6],\"text\":\"into earnings (effective portion)\"}],\"order\":24,\"text\":\"Location of gain or (loss)\\nreclassified from accumulated OCI\\ninto earnings (effective portion)\"},{\"bbox\":[520.4,779.1,554.2,798.2],\"lines\":[{\"bbox\":[520.4,779.1,554.2,798.2],\"text\":\"2014\"}],\"order\":25,\"text\":\"2014\"},{\"bbox\":[928.8,770.0,962.6,789.2],\"lines\":[{\"bbox\":[928.8,770.0,962.6,789.2],\"text\":\"2016\"}],\"order\":26,\"text\":\"2016\"},{\"bbox\":[1024.7,767.9,1058.4,787.1],\"lines\":[{\"bbox\":[1024.7,767.9,1058.4,787.1],\"text\":\"2015\"}],\"order\":27,\"text\":\"2015\"},{\"bbox\":[1120.5,765.8,1154.3,785.0],\"lines\":[{\"bbox\":[1120.5,765.8,1154.3,785.0],\"text\":\"2014\"}],\"order\":28,\"text\":\"2014\"},{\"bbox\":[62.6,813.8,206.6,835.4],\"lines\":[{\"bbox\":[62.6,813.8,206.6,835.4],\"text\":\"Interest rate contracts\"}],\"order\":29,\"text\":\"Interest rate contracts\"},{\"bbox\":[100.7,842.4,141.9,861.7],\"lines\":[{\"bbox\":[100.7,842.4,141.9,861.7],\"text\":\"Loans\"}],\"order\":30,\"text\":\"Loans\"},{\"bbox\":[309.1,838.5,317.8,857.1],\"lines\":[{\"bbox\":[309.1,838.5,317.8,857.1],\"text\":\"$\"}],\"order\":31,\"text\":\"$\"},{\"bbox\":[101.3,867.2,243.0,888.8],\"lines\":[{\"bbox\":[101.3,867.2,243.0,888.8],\"text\":\"Investment securities\"}],\"order\":32,\"text\":\"Investment securities\"},{\"bbox\":[64.4,897.5,100.0,916.7],\"lines\":[{\"bbox\":[64.4,897.5,100.0,916.7],\"text\":\"Total\"}],\"order\":33,\"text\":\"Total\"},{\"bbox\":[347.1,837.0,385.1,856.3],\"lines\":[{\"bbox\":[347.1,837.0,385.1,856.3],\"text\":\"1,548\"}],\"order\":34,\"text\":\"1,548\"},{\"bbox\":[405.0,836.4,413.7,855.0],\"lines\":[{\"bbox\":[405.0,836.4,413.7,855.0],\"text\":\"$\"}],\"order\":35,\"text\":\"$\"},{\"bbox\":[443.0,834.9,480.9,854.1],\"lines\":[{\"bbox\":[443.0,834.9,480.9,854.1],\"text\":\"8,428\"}],\"order\":36,\"text\":\"8,428\"},{\"bbox\":[368.7,864.1,385.8,882.9],\"lines\":[{\"bbox\":[368.7,864.1,385.8,882.9],\"text\":\"—\"}],\"order\":37,\"text\":\"—\"},{\"bbox\":[310.3,892.6,319.1,911.3],\"lines\":[{\"bbox\":[310.3,892.6,319.1,911.3],\"text\":\"$\"}],\"order\":38,\"text\":\"$\"},{\"bbox\":[348.3,891.2,386.3,910.4],\"lines\":[{\"bbox\":[348.3,891.2,386.3,910.4],\"text\":\"1,548\"}],\"order\":39,\"text\":\"1,548\"},{\"bbox\":[500.8,834.2,509.6,852.9],\"lines\":[{\"bbox\":[500.8,834.2,509.6,852.9],\"text\":\"$\"}],\"order\":40,\"text\":\"$\"},{\"bbox\":[464.6,862.0,481.6,880.8],\"lines\":[{\"bbox\":[464.6,862.0,481.6,880.8],\"text\":\"—\"}],\"order\":41,\"text\":\"—\"},{\"bbox\":[406.2,890.5,414.9,909.2],\"lines\":[{\"bbox\":[406.2,890.5,414.9,909.2],\"text\":\"$\"}],\"order\":42,\"text\":\"$\"},{\"bbox\":[444.2,889.0,482.2,908.3],\"lines\":[{\"bbox\":[444.2,889.0,482.2,908.3],\"text\":\"8,428\"}],\"order\":43,\"text\":\"8,428\"},{\"bbox\":[538.9,832.8,576.8,852.0],\"lines\":[{\"bbox\":[538.9,832.8,576.8,852.0],\"text\":\"9,192\"}],\"order\":44,\"text\":\"9,192\"},{\"bbox\":[560.4,859.8,577.5,878.7],\"lines\":[{\"bbox\":[560.4,859.8,577.5,878.7],\"text\":\"—\"}],\"order\":45,\"text\":\"—\"},{\"bbox\":[502.1,888.4,510.8,907.0],\"lines\":[{\"bbox\":[502.1,888.4,510.8,907.0],\"text\":\"$\"}],\"order\":46,\"text\":\"$\"},{\"bbox\":[596.7,826.1,877.3,850.8],\"lines\":[{\"bbox\":[596.7,826.1,877.3,850.8],\"text\":\"Interest and fee income—loans and leases\"}],\"order\":47,\"text\":\"Interest and fee income—loans and leases\"},{\"bbox\":[909.4,825.2,918.1,843.8],\"lines\":[{\"bbox\":[909.4,825.2,918.1,843.8],\"text\":\"$\"}],\"order\":48,\"text\":\"$\"},{\"bbox\":[597.3,854.3,830.2,877.8],\"lines\":[{\"bbox\":[597.3,854.3,830.2,877.8],\"text\":\"Noninterest income - other income\"}],\"order\":49,\"text\":\"Noninterest income - other income\"},{\"bbox\":[540.1,886.9,578.0,906.2],\"lines\":[{\"bbox\":[540.1,886.9,578.0,906.2],\"text\":\"9,192\"}],\"order\":50,\"text\":\"9,192\"},{\"bbox\":[910.5,879.4,919.2,898.0],\"lines\":[{\"bbox\":[910.5,879.4,919.2,898.0],\"text\":\"$\"}],\"order\":51,\"text\":\"$\"},{\"bbox\":[954.4,823.1,1013.9,842.9],\"lines\":[{\"bbox\":[954.4,823.1,1013.9,842.9],\"text\":\"(361) $\"}],\"order\":52,\"text\":\"(361) $\"},{\"bbox\":[1050.1,821.0,1109.7,840.7],\"lines\":[{\"bbox\":[1050.1,821.0,1109.7,840.7],\"text\":\"(210) $\"}],\"order\":53,\"text\":\"(210) $\"},{\"bbox\":[1133.4,819.3,1182.5,838.8],\"lines\":[{\"bbox\":[1133.4,819.3,1182.5,838.8],\"text\":\"(4,064)\"}],\"order\":54,\"text\":\"(4,064)\"},{\"bbox\":[977.2,850.8,986.0,869.4],\"lines\":[{\"bbox\":[977.2,850.8,986.0,869.4],\"text\":\"1\"}],\"order\":55,\"text\":\"1\"},{\"bbox\":[1059.1,848.6,1087.3,867.6],\"lines\":[{\"bbox\":[1059.1,848.6,1087.3,867.6],\"text\":\"(10)\"}],\"order\":56,\"text\":\"(10)\"},{\"bbox\":[1160.5,846.6,1177.6,865.4],\"lines\":[{\"bbox\":[1160.5,846.6,1177.6,865.4],\"text\":\"93\"}],\"order\":57,\"text\":\"93\"},{\"bbox\":[955.5,877.3,1015.0,897.0],\"lines\":[{\"bbox\":[955.5,877.3,1015.0,897.0],\"text\":\"(360) $\"}],\"order\":58,\"text\":\"(360) $\"},{\"bbox\":[1051.3,875.2,1110.8,894.9],\"lines\":[{\"bbox\":[1051.3,875.2,1110.8,894.9],\"text\":\"(220) $\"}],\"order\":59,\"text\":\"(220) $\"},{\"bbox\":[1134.6,873.4,1183.7,893.0],\"lines\":[{\"bbox\":[1134.6,873.4,1183.7,893.0],\"text\":\"(3,971)\"}],\"order\":60,\"text\":\"(3,971)\"},{\"bbox\":[59.2,921.6,1178.6,1019.3],\"lines\":[{\"bbox\":[109.2,922.4,1141.0,968.2],\"text\":\"Reclassified gains and losses on swaps related to loans and investment securities and swaps related to subordinated debt are\"},{\"bbox\":[59.8,946.6,1178.1,994.3],\"text\":\"recorded within interest income and interest expense, respectively. During the next twelve months, Huntington expects to reclassify to\"},{\"bbox\":[60.3,973.2,1104.4,1019.3],\"text\":\"earnings approximately $(2) million after-tax, of unrealized gains (losses) on cash flow hedging derivatives currently in OCI.\"}],\"order\":61,\"text\":\"Reclassified gains and losses on swaps related to loans and investment securities and swaps related to subordinated debt are\\nrecorded within interest income and interest expense, respectively. During the next twelve months, Huntington expects to reclassify to\\nearnings approximately $(2) million after-tax, of unrealized gains (losses) on cash flow hedging derivatives currently in OCI.\"},{\"bbox\":[61.3,1015.3,1181.2,1163.1],\"lines\":[{\"bbox\":[111.3,1015.3,1179.0,1062.0],\"text\":\"To the extent these derivatives are effective in offsetting the variability of the hedged cash flows, changes in the derivatives’ fair\"},{\"bbox\":[61.8,1040.7,1160.8,1088.1],\"text\":\"value will not be included in current earnings but are reported as a component of OCI in the Consolidated Statements of Changes in\"},{\"bbox\":[62.4,1065.3,1179.4,1113.1],\"text\":\"Shareholders’ Equity. These changes in fair value will be included in earnings of future periods when earnings are also affected by the\"},{\"bbox\":[62.9,1091.7,1120.1,1138.1],\"text\":\"changes in the hedged cash flows. To the extent these derivatives are not effective, changes in their fair values are immediately\"},{\"bbox\":[63.5,1134.2,326.8,1163.1],\"text\":\"included in noninterest income.\"}],\"order\":62,\"text\":\"To the extent these derivatives are effective in offsetting the variability of the hedged cash flows, changes in the derivatives’ fair\\nvalue will not be included in current earnings but are reported as a component of OCI in the Consolidated Statements of Changes in\\nShareholders’ Equity. These changes in fair value will be included in earnings of future periods when earnings are also affected by the\\nchanges in the hedged cash flows. To the extent these derivatives are not effective, changes in their fair values are immediately\\nincluded in noninterest income.\"},{\"bbox\":[64.5,1159.5,1164.8,1231.8],\"lines\":[{\"bbox\":[114.5,1159.5,1164.2,1205.7],\"text\":\"The following table presents the gains and (losses) recognized in noninterest income for the ineffective portion of interest rate\"},{\"bbox\":[65.0,1187.7,1018.0,1231.8],\"text\":\"contracts for derivatives designated as cash flow hedges for the years ending December 31, 2016, 2015, and 2014:\"}],\"order\":63,\"text\":\"The following table presents the gains and (losses) recognized in noninterest income for the ineffective portion of interest rate\\ncontracts for derivatives designated as cash flow hedges for the years ending December 31, 2016, 2015, and 2014:\"},{\"bbox\":[72.8,1271.5,274.6,1294.4],\"lines\":[{\"bbox\":[72.8,1271.5,274.6,1294.4],\"text\":\"(dollar amounts in thousands)\"}],\"order\":64,\"text\":\"(dollar amounts in thousands)\"},{\"bbox\":[917.2,1230.3,1011.7,1275.8],\"lines\":[{\"bbox\":[917.2,1230.3,1011.2,1250.8],\"text\":\"December 31,\"},{\"bbox\":[947.9,1255.9,981.6,1275.1],\"text\":\"2015\"}],\"order\":65,\"text\":\"December 31,\\n2015\"},{\"bbox\":[793.7,1259.3,827.5,1278.5],\"lines\":[{\"bbox\":[793.7,1259.3,827.5,1278.5],\"text\":\"2016\"}],\"order\":66,\"text\":\"2016\"},{\"bbox\":[73.3,1291.6,462.2,1377.4],\"lines\":[{\"bbox\":[73.3,1291.6,461.0,1323.2],\"text\":\"Derivatives in cash flow hedging relationships\"},{\"bbox\":[73.9,1323.1,259.6,1350.3],\"text\":\"Interest rate contracts:\"},{\"bbox\":[112.0,1352.4,163.4,1376.6],\"text\":\"Loans\"}],\"order\":67,\"text\":\"Derivatives in cash flow hedging relationships\\nInterest rate contracts:\\nLoans\"},{\"bbox\":[745.4,1339.3,756.4,1362.6],\"lines\":[{\"bbox\":[745.4,1339.3,756.4,1362.6],\"text\":\"$\"}],\"order\":68,\"text\":\"$\"},{\"bbox\":[839.8,1335.8,910.5,1360.5],\"lines\":[{\"bbox\":[839.8,1335.8,910.5,1360.5],\"text\":\"(317) $\"}],\"order\":69,\"text\":\"(317) $\"},{\"bbox\":[994.0,1332.4,1064.7,1357.1],\"lines\":[{\"bbox\":[994.0,1332.4,1064.7,1357.1],\"text\":\"(763) $\"}],\"order\":70,\"text\":\"(763) $\"},{\"bbox\":[1102.1,1252.5,1135.8,1271.7],\"lines\":[{\"bbox\":[1102.1,1252.5,1135.8,1271.7],\"text\":\"2014\"}],\"order\":71,\"text\":\"2014\"},{\"bbox\":[1165.6,1329.8,1186.9,1353.3],\"lines\":[{\"bbox\":[1165.6,1329.8,1186.9,1353.3],\"text\":\"74\"}],\"order\":72,\"text\":\"74\"},{\"bbox\":[69.4,1397.4,490.7,1429.8],\"lines\":[{\"bbox\":[69.4,1397.4,490.7,1429.8],\"text\":\"Derivatives used in mortgage banking activities\"}],\"order\":73,\"text\":\"Derivatives used in mortgage banking activities\"},{\"bbox\":[107.9,1441.5,477.7,1472.7],\"lines\":[{\"bbox\":[107.9,1441.5,477.7,1472.7],\"text\":\"Mortgage loan origination hedging activity\"}],\"order\":74,\"text\":\"Mortgage loan origination hedging activity\"},{\"bbox\":[71.1,1461.5,1176.5,1558.9],\"lines\":[{\"bbox\":[108.6,1461.5,1175.4,1508.1],\"text\":\"Huntington’s mortgage origination hedging activity is related to the hedging of the mortgage pricing commitments to customers\"},{\"bbox\":[71.7,1486.9,1156.9,1533.9],\"text\":\"and the secondary sale to third parties. The value of a newly originated mortgage is not firm until the interest rate is committed or\"},{\"bbox\":[72.2,1515.1,1011.4,1558.9],\"text\":\"locked. The interest rate lock commitments are derivative positions offset by forward commitments to sell loans.\"}],\"order\":75,\"text\":\"Huntington’s mortgage origination hedging activity is related to the hedging of the mortgage pricing commitments to customers\\nand the secondary sale to third parties. The value of a newly originated mortgage is not firm until the interest rate is committed or\\nlocked. The interest rate lock commitments are derivative positions offset by forward commitments to sell loans.\"},{\"bbox\":[619.9,1555.4,651.7,1579.1],\"lines\":[{\"bbox\":[619.9,1555.4,651.7,1579.1],\"text\":\"177\"}],\"order\":76,\"text\":\"177\"}],\"doc\":\"fintabnet:HBAN_2016\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"The changes in fair value of the fair value hedges are, to the extent that the hedging relationship is effective, recorded through\\nearnings and offset against changes in the fair value of the hedged item.\\n\\nThe following table presents the change in fair value for derivatives designated as fair value hedges as well as the offsetting\\nchange in fair value on the hedged item:\\n\\nYear ended December 31,\\n\\n(dollar amounts in thousands)\\n\\n2016\\n\\nInterest rate contracts\\nChange in fair value of interest rate swaps hedging deposits (1)\\n$\\nChange in fair value of hedged deposits (1)\\nChange in fair value of interest rate swaps hedging subordinated notes (2)\\nChange in fair value of hedged subordinated notes (2)\\nChange in fair value of interest rate swaps hedging long-term debt (2)\\nChange in fair value of hedged other long-term debt (2)\\n\\n(1)\\n\\n2015\\n\\n2014\\n\\n(82) $\\n72\\n(47,852)\\n\\n(996) $\\n992\\n(8,237)\\n\\n45,019\\n(74,481)\\n\\n8,237\\n3,903\\n(3,602)\\n\\n67,389\\n\\n(1,045)\\n1,025\\n476\\n(476)\\n1,990\\n828\\n\\nEffective portion of the hedging relationship is recognized in Interest expense—deposits in the Consolidated Statements of\\nIncome. Any resulting ineffective portion of the hedging relationship is recognized in noninterest income in the Consolidated\\nStatements of Income.\\nEffective portion of the hedging relationship is recognized in Interest expense—subordinated notes and other long-term debt in\\nthe Consolidated Statements of Income. Any resulting ineffective portion of the hedging relationship is recognized in\\nnoninterest income in the Consolidated Statements of Income.\\n\\n(2)\\n\\nThe following table presents the gains and (losses) recognized in OCI and the location in the Consolidated Statements of Income\\nof gains and (losses) reclassified from OCI into earnings for derivatives designated as effective cash flow hedges:\\n\\nDerivatives in cash\\nflow hedging\\nrelationships\\n\\nAmount of gain or (loss)\\nrecognized in OCI on\\nderivatives (effective portion)\\n\\n(dollar amounts in thousands)\\n\\n2016\\n\\n2015\\n\\nAmount of (gain) or loss\\nreclassified from accumulated OCI\\ninto earnings (effective portion)\\n(pre-tax)\\n\\nLocation of gain or (loss)\\nreclassified from accumulated OCI\\ninto earnings (effective portion)\\n\\n2014\\n\\n2016\\n\\n2015\\n\\n2014\\n\\nInterest rate contracts\\n\\nLoans\\n\\n$\\n\\nInvestment securities\\n\\nTotal\\n\\n1,548\\n\\n$\\n\\n8,428\\n\\n—\\n\\n$\\n\\n1,548\\n\\n$\\n\\n—\\n\\n$\\n\\n8,428\\n\\n9,192\\n\\n—\\n\\n$\\n\\nInterest and fee income—loans and leases\\n\\n$\\n\\nNoninterest income - other income\\n\\n9,192\\n\\n$\\n\\n(361) $\\n\\n(210) $\\n\\n(4,064)\\n\\n1\\n\\n(10)\\n\\n93\\n\\n(360) $\\n\\n(220) $\\n\\n(3,971)\\n\\nReclassified gains and losses on swaps related to loans and investment securities and swaps related to subordinated debt are\\nrecorded within interest income and interest expense, respectively. During the next twelve months, Huntington expects to reclassify to\\nearnings approximately $(2) million after-tax, of unrealized gains (losses) on cash flow hedging derivatives currently in OCI.\\n\\nTo the extent these derivatives are effective in offsetting the variability of the hedged cash flows, changes in the derivatives’ fair\\nvalue will not be included in current earnings but are reported as a component of OCI in the Consolidated Statements of Changes in\\nShareholders’ Equity. These changes in fair value will be included in earnings of future periods when earnings are also affected by the\\nchanges in the hedged cash flows. To the extent these derivatives are not effective, changes in their fair values are immediately\\nincluded in noninterest income.\\n\\nThe following table presents the gains and (losses) recognized in noninterest income for the ineffective portion of interest rate\\ncontracts for derivatives designated as cash flow hedges for the years ending December 31, 2016, 2015, and 2014:\\n\\n(dollar amounts in thousands)\\n\\nDecember 31,\\n2015\\n\\n2016\\n\\nDerivatives in cash flow hedging relationships\\nInterest rate contracts:\\nLoans\\n\\n$\\n\\n(317) $\\n\\n(763) $\\n\\n2014\\n\\n74\\n\\nDerivatives used in mortgage banking activities\\n\\nMortgage loan origination hedging activity\\n\\nHuntington’s mortgage origination hedging activity is related to the hedging of the mortgage pricing commitments to customers\\nand the secondary sale to third parties. The value of a newly originated mortgage is not firm until the interest rate is committed or\\nlocked. The interest rate lock commitments are derivative positions offset by forward commitments to sell loans.\\n\\n177\",\"name\":\"fintabnet.HBAN_2016_page_183__150dpi_medium\",\"page_id\":\"fintabnet.HBAN_2016_page_183\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.265,\"source\":\"fintabnet\",\"source_id\":\"HBAN_2016_page_183\",\"stack\":[{\"deg\":1.265,\"op\":\"skew\"},{\"amp\":0.093,\"angle\":173.7,\"blob\":0.519,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.823},{\"op\":\"noise\",\"sigma\":5.646},{\"op\":\"jpeg\",\"q\":50}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[60.3,688.1,1183.7,916.7],\"block_orders\":[18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60],\"cells\":null}],\"text\":\"The changes in fair value of the fair value hedges are, to the extent that the hedging relationship is effective, recorded through\\nearnings and offset against changes in the fair value of the hedged item.\\n\\nThe following table presents the change in fair value for derivatives designated as fair value hedges as well as the offsetting\\nchange in fair value on the hedged item:\\n\\nYear ended December 31,\\n\\n(dollar amounts in thousands)\\n\\n2016\\n\\nInterest rate contracts\\nChange in fair value of interest rate swaps hedging deposits (1)\\n$\\nChange in fair value of hedged deposits (1)\\nChange in fair value of interest rate swaps hedging subordinated notes (2)\\nChange in fair value of hedged subordinated notes (2)\\nChange in fair value of interest rate swaps hedging long-term debt (2)\\nChange in fair value of hedged other long-term debt (2)\\n\\n(1)\\n\\n2015\\n\\n2014\\n\\n(82) $\\n72\\n(47,852)\\n\\n(996) $\\n992\\n(8,237)\\n\\n45,019\\n(74,481)\\n\\n8,237\\n3,903\\n(3,602)\\n\\n67,389\\n\\n(1,045)\\n1,025\\n476\\n(476)\\n1,990\\n828\\n\\nEffective portion of the hedging relationship is recognized in Interest expense—deposits in the Consolidated Statements of\\nIncome. Any resulting ineffective portion of the hedging relationship is recognized in noninterest income in the Consolidated\\nStatements of Income.\\nEffective portion of the hedging relationship is recognized in Interest expense—subordinated notes and other long-term debt in\\nthe Consolidated Statements of Income. Any resulting ineffective portion of the hedging relationship is recognized in\\nnoninterest income in the Consolidated Statements of Income.\\n\\n(2)\\n\\nThe following table presents the gains and (losses) recognized in OCI and the location in the Consolidated Statements of Income\\nof gains and (losses) reclassified from OCI into earnings for derivatives designated as effective cash flow hedges:\\n\\nDerivatives in cash\\nflow hedging\\nrelationships\\n\\nAmount of gain or (loss)\\nrecognized in OCI on\\nderivatives (effective portion)\\n\\n(dollar amounts in thousands)\\n\\n2016\\n\\n2015\\n\\nAmount of (gain) or loss\\nreclassified from accumulated OCI\\ninto earnings (effective portion)\\n(pre-tax)\\n\\nLocation of gain or (loss)\\nreclassified from accumulated OCI\\ninto earnings (effective portion)\\n\\n2014\\n\\n2016\\n\\n2015\\n\\n2014\\n\\nInterest rate contracts\\n\\nLoans\\n\\n$\\n\\nInvestment securities\\n\\nTotal\\n\\n1,548\\n\\n$\\n\\n8,428\\n\\n—\\n\\n$\\n\\n1,548\\n\\n$\\n\\n—\\n\\n$\\n\\n8,428\\n\\n9,192\\n\\n—\\n\\n$\\n\\nInterest and fee income—loans and leases\\n\\n$\\n\\nNoninterest income - other income\\n\\n9,192\\n\\n$\\n\\n(361) $\\n\\n(210) $\\n\\n(4,064)\\n\\n1\\n\\n(10)\\n\\n93\\n\\n(360) $\\n\\n(220) $\\n\\n(3,971)\\n\\nReclassified gains and losses on swaps related to loans and investment securities and swaps related to subordinated debt are\\nrecorded within interest income and interest expense, respectively. During the next twelve months, Huntington expects to reclassify to\\nearnings approximately $(2) million after-tax, of unrealized gains (losses) on cash flow hedging derivatives currently in OCI.\\n\\nTo the extent these derivatives are effective in offsetting the variability of the hedged cash flows, changes in the derivatives’ fair\\nvalue will not be included in current earnings but are reported as a component of OCI in the Consolidated Statements of Changes in\\nShareholders’ Equity. These changes in fair value will be included in earnings of future periods when earnings are also affected by the\\nchanges in the hedged cash flows. To the extent these derivatives are not effective, changes in their fair values are immediately\\nincluded in noninterest income.\\n\\nThe following table presents the gains and (losses) recognized in noninterest income for the ineffective portion of interest rate\\ncontracts for derivatives designated as cash flow hedges for the years ending December 31, 2016, 2015, and 2014:\\n\\n(dollar amounts in thousands)\\n\\nDecember 31,\\n2015\\n\\n2016\\n\\nDerivatives in cash flow hedging relationships\\nInterest rate contracts:\\nLoans\\n\\n$\\n\\n(317) $\\n\\n(763) $\\n\\n2014\\n\\n74\\n\\nDerivatives used in mortgage banking activities\\n\\nMortgage loan origination hedging activity\\n\\nHuntington’s mortgage origination hedging activity is related to the hedging of the mortgage pricing commitments to customers\\nand the secondary sale to third parties. The value of a newly originated mortgage is not firm until the interest rate is committed or\\nlocked. The interest rate lock commitments are derivative positions offset by forward commitments to sell loans.\\n\\n177\"},\"name\":\"fintabnet.HBAN_2016_page_183__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":212988,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:HBAN_2016\",\"dpi\":150,\"gt_sha256\":\"6e792c85e8affe5f4f343de490c52dcf71251fbd23c8723f30eff087de0178be\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HBAN_2016_page_183__150dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.HBAN_2016_page_183\",\"pdf_sha256\":\"6db7f458bfb6c5434db4cd2f96ff620f7669cf8db31c9b532087445215c3bf64\",\"px\":[1238,1613],\"scan\":{\"render\":\"78007800702a7fa87fbe7f007800464e6c0e7ffc7ffe7c007c3a70007c007e80\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"HBAN_2016_page_183\",\"src\":{\"file_sha256\":\"41306ef4fa1fe935ea5f8120aac612ff4fbb7bd422ce6d85698946463987ef40\",\"render\":\"00000000703e7fa87ffe3f0000004eee4f8e7ffe7ffe7ff8703a60007c000000\",\"text\":\"3ca00d0d6d7760608154083a0a50a1f85fc94285c1c5d1858d3d188ef75857c4\"},\"stack\":[{\"deg\":1.265,\"op\":\"skew\"},{\"amp\":0.093,\"angle\":173.7,\"blob\":0.519,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.823},{\"op\":\"noise\",\"sigma\":5.646},{\"op\":\"jpeg\",\"q\":50}],\"tools\":\"21647cade0ee\"},\"sha256\":\"6db7f458bfb6c5434db4cd2f96ff620f7669cf8db31c9b532087445215c3bf64\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/6db7f458bfb6c5434db4cd2f96ff620f7669cf8db31c9b532087445215c3bf64.pdf","asset_sha256":"6db7f458bfb6c5434db4cd2f96ff620f7669cf8db31c9b532087445215c3bf64","document_id":"fintabnet:HBAN_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HBAN_2016_page_183\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HBAN_2016_page_190\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HBAN_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[917.4,29.8,1096.4,81.6],\"lines\":[{\"bbox\":[948.7,31.3,1063.8,55.1],\"text\":\"At December 31,\"},{\"bbox\":[918.6,61.6,952.8,81.6],\"text\":\"2016\"},{\"bbox\":[1062.2,54.8,1096.4,74.8],\"text\":\"2015\"}],\"order\":0,\"text\":\"At December 31,\\n2016\\n2015\"},{\"bbox\":[28.6,95.9,230.7,123.9],\"lines\":[{\"bbox\":[28.6,95.9,230.7,123.9],\"text\":\"(dollar amounts in thousands)\"}],\"order\":1,\"text\":\"(dollar amounts in thousands)\"},{\"bbox\":[29.7,114.5,357.1,325.4],\"lines\":[{\"bbox\":[29.7,114.5,348.9,152.7],\"text\":\"Contract amount represents credit risk\"},{\"bbox\":[68.5,142.6,328.1,177.9],\"text\":\"Commitments to extend credit:\"},{\"bbox\":[107.4,177.4,211.4,205.3],\"text\":\"Commercial\"},{\"bbox\":[108.7,207.3,195.4,234.4],\"text\":\"Consumer\"},{\"bbox\":[110.1,231.4,303.2,263.6],\"text\":\"Commercial real estate\"},{\"bbox\":[74.0,262.0,274.6,294.5],\"text\":\"Standby letters of credit\"},{\"bbox\":[75.4,289.3,314.2,323.6],\"text\":\"Commercial letters-of-credit\"}],\"order\":2,\"text\":\"Contract amount represents credit risk\\nCommitments to extend credit:\\nCommercial\\nConsumer\\nCommercial real estate\\nStandby letters of credit\\nCommercial letters-of-credit\"},{\"bbox\":[877.6,139.9,1006.4,285.3],\"lines\":[{\"bbox\":[877.6,139.9,1000.7,168.7],\"text\":\"$ 15,190,056\"},{\"bbox\":[907.3,169.0,1002.1,196.5],\"text\":\"12,235,943\"},{\"bbox\":[919.3,198.1,1003.7,225.1],\"text\":\"1,697,671\"},{\"bbox\":[936.2,227.3,1005.0,253.5],\"text\":\"637,182\"},{\"bbox\":[958.5,256.4,1006.4,281.7],\"text\":\"4,610\"}],\"order\":3,\"text\":\"$ 15,190,056\\n12,235,943\\n1,697,671\\n637,182\\n4,610\"},{\"bbox\":[1021.3,133.0,1150.1,278.4],\"lines\":[{\"bbox\":[1021.3,133.0,1144.4,161.9],\"text\":\"$ 11,448,927\"},{\"bbox\":[1061.5,162.2,1145.9,189.2],\"text\":\"8,574,093\"},{\"bbox\":[1078.5,191.3,1147.3,217.6],\"text\":\"813,271\"},{\"bbox\":[1079.9,220.5,1148.6,246.7],\"text\":\"511,706\"},{\"bbox\":[1091.7,249.6,1150.1,275.4],\"text\":\"56,119\"}],\"order\":4,\"text\":\"$ 11,448,927\\n8,574,093\\n813,271\\n511,706\\n56,119\"},{\"bbox\":[34.2,301.7,1160.8,502.8],\"lines\":[{\"bbox\":[84.1,305.9,1065.5,375.5],\"text\":\"Commitments to extend credit generally have fixed expiration dates, are variable-rate, and contain clauses that permit\"},{\"bbox\":[35.4,329.4,1098.6,402.9],\"text\":\"Huntington to terminate or otherwise renegotiate the contracts in the event of a significant deterioration in the customer’s credit\"},{\"bbox\":[36.6,351.6,1157.2,427.9],\"text\":\"quality. These arrangements normally require the payment of a fee by the customer, the pricing of which is based on prevailing market\"},{\"bbox\":[37.7,377.1,1147.6,452.8],\"text\":\"conditions, credit quality, probability of funding, and other relevant factors. Since many of these commitments are expected to expire\"},{\"bbox\":[38.9,404.2,1105.7,477.8],\"text\":\"without being drawn upon, the contract amounts are not necessarily indicative of future cash requirements. The interest rate risk\"},{\"bbox\":[40.1,431.8,1051.5,502.8],\"text\":\"arising from these financial instruments is insignificant as a result of their predominantly short-term, variable-rate nature.\"}],\"order\":5,\"text\":\"Commitments to extend credit generally have fixed expiration dates, are variable-rate, and contain clauses that permit\\nHuntington to terminate or otherwise renegotiate the contracts in the event of a significant deterioration in the customer’s credit\\nquality. These arrangements normally require the payment of a fee by the customer, the pricing of which is based on prevailing market\\nconditions, credit quality, probability of funding, and other relevant factors. Since many of these commitments are expected to expire\\nwithout being drawn upon, the contract amounts are not necessarily indicative of future cash requirements. The interest rate risk\\narising from these financial instruments is insignificant as a result of their predominantly short-term, variable-rate nature.\"},{\"bbox\":[42.2,470.6,1160.7,621.5],\"lines\":[{\"bbox\":[92.2,470.6,1157.2,544.1],\"text\":\"Standby letters-of-credit are conditional commitments issued to guarantee the performance of a customer to a third-party. These\"},{\"bbox\":[43.4,496.3,1142.1,571.5],\"text\":\"guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing,\"},{\"bbox\":[44.6,521.4,1140.2,596.5],\"text\":\"and similar transactions. Most of these arrangements mature within two years. The carrying amount of deferred revenue associated\"},{\"bbox\":[45.8,553.6,989.7,621.5],\"text\":\"with these guarantees was $8 million and $7 million at December 31, 2016 and December 31, 2015, respectively.\"}],\"order\":6,\"text\":\"Standby letters-of-credit are conditional commitments issued to guarantee the performance of a customer to a third-party. These\\nguarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing,\\nand similar transactions. Most of these arrangements mature within two years. The carrying amount of deferred revenue associated\\nwith these guarantees was $8 million and $7 million at December 31, 2016 and December 31, 2015, respectively.\"},{\"bbox\":[47.8,590.6,1134.1,690.2],\"lines\":[{\"bbox\":[97.8,590.6,1132.9,662.8],\"text\":\"Commercial letters-of-credit represent short-term, self-liquidating instruments that facilitate customer trade transactions and\"},{\"bbox\":[49.0,619.1,1060.2,690.2],\"text\":\"generally have maturities of no longer than 90 days. The goods or cargo being traded normally secures these instruments.\"}],\"order\":7,\"text\":\"Commercial letters-of-credit represent short-term, self-liquidating instruments that facilitate customer trade transactions and\\ngenerally have maturities of no longer than 90 days. The goods or cargo being traded normally secures these instruments.\"},{\"bbox\":[51.6,710.1,286.9,744.3],\"lines\":[{\"bbox\":[51.6,710.1,286.9,744.3],\"text\":\"Commitments to sell loans\"}],\"order\":8,\"text\":\"Commitments to sell loans\"},{\"bbox\":[53.3,704.7,1148.9,829.6],\"lines\":[{\"bbox\":[103.2,704.7,1146.5,777.3],\"text\":\"Activity related to our mortgage origination activity supports the hedging of the mortgage pricing commitments to customers\"},{\"bbox\":[54.5,729.8,1146.6,804.6],\"text\":\"and the secondary sale to third parties. At December 31, 2016 and 2015, Huntington had commitments to sell residential real estate\"},{\"bbox\":[55.6,767.7,874.9,829.6],\"text\":\"loans of $819 million and $659 million, respectively. These contracts mature in less than one year.\"}],\"order\":9,\"text\":\"Activity related to our mortgage origination activity supports the hedging of the mortgage pricing commitments to customers\\nand the secondary sale to third parties. At December 31, 2016 and 2015, Huntington had commitments to sell residential real estate\\nloans of $819 million and $659 million, respectively. These contracts mature in less than one year.\"},{\"bbox\":[58.2,856.5,147.2,883.7],\"lines\":[{\"bbox\":[58.2,856.5,147.2,883.7],\"text\":\"Litigation\"}],\"order\":10,\"text\":\"Litigation\"},{\"bbox\":[59.9,843.9,1165.1,1019.1],\"lines\":[{\"bbox\":[109.9,844.4,1148.5,916.8],\"text\":\"The nature of Huntington’s business ordinarily results in a certain amount of pending as well as threatened claims, litigation,\"},{\"bbox\":[61.1,869.3,1151.5,944.1],\"text\":\"investigations, regulatory and legal and administrative cases, matters and proceedings, all of which are considered incidental to the\"},{\"bbox\":[62.3,893.8,1162.7,969.1],\"text\":\"normal conduct of business. When the Company determines it has meritorious defenses to the claims asserted, it vigorously defends\"},{\"bbox\":[63.5,919.2,1155.2,994.1],\"text\":\"itself. The Company considers settlement of cases when, in management’s judgment, it is in the best interests of both the Company\"},{\"bbox\":[64.6,984.5,307.4,1019.1],\"text\":\"and its shareholders to do so.\"}],\"order\":11,\"text\":\"The nature of Huntington’s business ordinarily results in a certain amount of pending as well as threatened claims, litigation,\\ninvestigations, regulatory and legal and administrative cases, matters and proceedings, all of which are considered incidental to the\\nnormal conduct of business. When the Company determines it has meritorious defenses to the claims asserted, it vigorously defends\\nitself. The Company considers settlement of cases when, in management’s judgment, it is in the best interests of both the Company\\nand its shareholders to do so.\"},{\"bbox\":[66.7,986.9,1184.3,1162.7],\"lines\":[{\"bbox\":[116.7,986.9,1179.4,1060.4],\"text\":\"On at least a quarterly basis, Huntington assesses its liabilities and contingencies in connection with threatened and outstanding\"},{\"bbox\":[67.9,1013.3,1150.2,1087.7],\"text\":\"legal cases, matters and proceedings, utilizing the latest information available. For cases, matters and proceedings where it is both\"},{\"bbox\":[69.1,1037.7,1164.1,1112.7],\"text\":\"probable the Company will incur a loss and the amount can be reasonably estimated, Huntington establishes an accrual for the loss.\"},{\"bbox\":[70.3,1061.8,1183.1,1137.7],\"text\":\"Once established, the accrual is adjusted as appropriate to reflect any relevant developments. For cases, matters or proceedings where\"},{\"bbox\":[71.5,1102.7,849.3,1162.7],\"text\":\"a loss is not probable or the amount of the loss cannot be estimated, no accrual is established.\"}],\"order\":12,\"text\":\"On at least a quarterly basis, Huntington assesses its liabilities and contingencies in connection with threatened and outstanding\\nlegal cases, matters and proceedings, utilizing the latest information available. For cases, matters and proceedings where it is both\\nprobable the Company will incur a loss and the amount can be reasonably estimated, Huntington establishes an accrual for the loss.\\nOnce established, the accrual is adjusted as appropriate to reflect any relevant developments. For cases, matters or proceedings where\\na loss is not probable or the amount of the loss cannot be estimated, no accrual is established.\"},{\"bbox\":[73.5,1130.8,1190.2,1381.3],\"lines\":[{\"bbox\":[123.5,1131.5,1165.9,1204.0],\"text\":\"In certain cases, matters and proceedings, exposure to loss exists in excess of the accrual to the extent such loss is reasonably\"},{\"bbox\":[74.7,1158.3,1128.9,1231.4],\"text\":\"possible, but not probable. Management believes an estimate of the aggregate range of reasonably possible losses, in excess of\"},{\"bbox\":[75.9,1183.0,1135.6,1256.4],\"text\":\"amounts accrued, for current legal proceedings is up to $65 million at December 31, 2016. For certain other cases, and matters,\"},{\"bbox\":[77.1,1205.7,1185.5,1281.3],\"text\":\"Management cannot reasonably estimate the possible loss at this time. Any estimate involves significant judgment, given the varying\"},{\"bbox\":[78.3,1233.9,1118.0,1306.3],\"text\":\"stages of the proceedings (including the fact that many of them are currently in preliminary stages), the existence of multiple\"},{\"bbox\":[79.5,1255.8,1184.3,1331.3],\"text\":\"defendants in several of the current proceedings whose share of liability has yet to be determined, the numerous unresolved issues in\"},{\"bbox\":[80.7,1284.8,1102.2,1356.3],\"text\":\"many of the proceedings, and the inherent uncertainty of the various potential outcomes of such proceedings. Accordingly,\"},{\"bbox\":[81.8,1311.0,1075.9,1381.3],\"text\":\"Management’s estimate will change from time-to-time, and actual losses may be more or less than the current estimate.\"}],\"order\":13,\"text\":\"In certain cases, matters and proceedings, exposure to loss exists in excess of the accrual to the extent such loss is reasonably\\npossible, but not probable. Management believes an estimate of the aggregate range of reasonably possible losses, in excess of\\namounts accrued, for current legal proceedings is up to $65 million at December 31, 2016. For certain other cases, and matters,\\nManagement cannot reasonably estimate the possible loss at this time. Any estimate involves significant judgment, given the varying\\nstages of the proceedings (including the fact that many of them are currently in preliminary stages), the existence of multiple\\ndefendants in several of the current proceedings whose share of liability has yet to be determined, the numerous unresolved issues in\\nmany of the proceedings, and the inherent uncertainty of the various potential outcomes of such proceedings. Accordingly,\\nManagement’s estimate will change from time-to-time, and actual losses may be more or less than the current estimate.\"},{\"bbox\":[83.9,1348.7,1212.1,1549.9],\"lines\":[{\"bbox\":[133.9,1352.2,1131.4,1422.6],\"text\":\"While the final outcome of legal cases, matters, and proceedings is inherently uncertain, based on information currently\"},{\"bbox\":[85.1,1377.0,1136.3,1450.0],\"text\":\"available, advice of counsel, and available insurance coverage, Management believes that the amount it has already accrued is\"},{\"bbox\":[86.3,1401.6,1145.6,1474.9],\"text\":\"adequate and any incremental liability arising from the Company’s legal cases, matters, or proceedings will not have a material\"},{\"bbox\":[87.5,1425.9,1161.7,1499.9],\"text\":\"negative adverse effect on the Company’s consolidated financial position as a whole. However, in the event of unexpected future\"},{\"bbox\":[88.7,1448.6,1210.9,1524.9],\"text\":\"developments, it is possible that the ultimate resolution of these cases, matters, and proceedings, if unfavorable, may be material to the\"},{\"bbox\":[89.9,1501.2,631.1,1549.9],\"text\":\"Company’s consolidated financial position in a particular period.\"}],\"order\":14,\"text\":\"While the final outcome of legal cases, matters, and proceedings is inherently uncertain, based on information currently\\navailable, advice of counsel, and available insurance coverage, Management believes that the amount it has already accrued is\\nadequate and any incremental liability arising from the Company’s legal cases, matters, or proceedings will not have a material\\nnegative adverse effect on the Company’s consolidated financial position as a whole. However, in the event of unexpected future\\ndevelopments, it is possible that the ultimate resolution of these cases, matters, and proceedings, if unfavorable, may be material to the\\nCompany’s consolidated financial position in a particular period.\"},{\"bbox\":[639.0,1554.3,671.3,1578.9],\"lines\":[{\"bbox\":[639.0,1554.3,671.3,1578.9],\"text\":\"184\"}],\"order\":15,\"text\":\"184\"}],\"doc\":\"fintabnet:HBAN_2016\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"|  | At December 31, |  |\\n| --- | --- | --- |\\n| (dollar amounts in thousands) | 2016 | 2015 |\\n| Contract amount represents credit risk |  |  |\\n| Commitments to extend credit: |  |  |\\n| Commercial | $15,190,056 | $11,448,927 |\\n| Consumer | 12,235,943 | 8,574,093 |\\n| Commercial real estate | 1,697,671 | 813,271 |\\n| Standby letters of credit | 637,182 | 511,706 |\\n| Commercial letters-of-credit | 4,610 | 56,119 |\\n\\nCommitments to extend credit generally have fixed expiration dates, are variable-rate, and contain clauses that permit\\nHuntington to terminate or otherwise renegotiate the contracts in the event of a significant deterioration in the customer’s credit\\nquality. These arrangements normally require the payment of a fee by the customer, the pricing of which is based on prevailing market\\nconditions, credit quality, probability of funding, and other relevant factors. Since many of these commitments are expected to expire\\nwithout being drawn upon, the contract amounts are not necessarily indicative of future cash requirements. The interest rate risk\\narising from these financial instruments is insignificant as a result of their predominantly short-term, variable-rate nature.\\n\\nStandby letters-of-credit are conditional commitments issued to guarantee the performance of a customer to a third-party. These\\nguarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing,\\nand similar transactions. Most of these arrangements mature within two years. The carrying amount of deferred revenue associated\\nwith these guarantees was $8 million and $7 million at December 31, 2016 and December 31, 2015, respectively.\\n\\nCommercial letters-of-credit represent short-term, self-liquidating instruments that facilitate customer trade transactions and\\ngenerally have maturities of no longer than 90 days. The goods or cargo being traded normally secures these instruments.\\n\\nCommitments to sell loans\\n\\nActivity related to our mortgage origination activity supports the hedging of the mortgage pricing commitments to customers\\nand the secondary sale to third parties. At December 31, 2016 and 2015, Huntington had commitments to sell residential real estate\\nloans of $819 million and $659 million, respectively. These contracts mature in less than one year.\\n\\nLitigation\\n\\nThe nature of Huntington’s business ordinarily results in a certain amount of pending as well as threatened claims, litigation,\\ninvestigations, regulatory and legal and administrative cases, matters and proceedings, all of which are considered incidental to the\\nnormal conduct of business. When the Company determines it has meritorious defenses to the claims asserted, it vigorously defends\\nitself. The Company considers settlement of cases when, in management’s judgment, it is in the best interests of both the Company\\nand its shareholders to do so.\\n\\nOn at least a quarterly basis, Huntington assesses its liabilities and contingencies in connection with threatened and outstanding\\nlegal cases, matters and proceedings, utilizing the latest information available. For cases, matters and proceedings where it is both\\nprobable the Company will incur a loss and the amount can be reasonably estimated, Huntington establishes an accrual for the loss.\\nOnce established, the accrual is adjusted as appropriate to reflect any relevant developments. For cases, matters or proceedings where\\na loss is not probable or the amount of the loss cannot be estimated, no accrual is established.\\n\\nIn certain cases, matters and proceedings, exposure to loss exists in excess of the accrual to the extent such loss is reasonably\\npossible, but not probable. Management believes an estimate of the aggregate range of reasonably possible losses, in excess of\\namounts accrued, for current legal proceedings is up to $65 million at December 31, 2016. For certain other cases, and matters,\\nManagement cannot reasonably estimate the possible loss at this time. Any estimate involves significant judgment, given the varying\\nstages of the proceedings (including the fact that many of them are currently in preliminary stages), the existence of multiple\\ndefendants in several of the current proceedings whose share of liability has yet to be determined, the numerous unresolved issues in\\nmany of the proceedings, and the inherent uncertainty of the various potential outcomes of such proceedings. Accordingly,\\nManagement’s estimate will change from time-to-time, and actual losses may be more or less than the current estimate.\\n\\nWhile the final outcome of legal cases, matters, and proceedings is inherently uncertain, based on information currently\\navailable, advice of counsel, and available insurance coverage, Management believes that the amount it has already accrued is\\nadequate and any incremental liability arising from the Company’s legal cases, matters, or proceedings will not have a material\\nnegative adverse effect on the Company’s consolidated financial position as a whole. However, in the event of unexpected future\\ndevelopments, it is possible that the ultimate resolution of these cases, matters, and proceedings, if unfavorable, may be material to the\\nCompany’s consolidated financial position in a particular period.\\n\\n184\",\"name\":\"fintabnet.HBAN_2016_page_190__150dpi_heavy\",\"page_id\":\"fintabnet.HBAN_2016_page_190\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.72,\"source\":\"fintabnet\",\"source_id\":\"HBAN_2016_page_190\",\"stack\":[{\"deg\":2.72,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.605},{\"op\":\"noise\",\"sigma\":15.246},{\"gain\":0.603,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":50}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[27.2,24.3,1150.1,325.4],\"block_orders\":[0,1,2,3,4],\"cells\":[{\"bbox\":[948.8,33.1,1063.9,55.2],\"c0\":1,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\"At December 31,\"},{\"bbox\":[28.7,97.7,230.7,123.9],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"(dollar amounts in thousands)\"},{\"bbox\":[918.7,63.4,952.8,81.6],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2016\"},{\"bbox\":[1062.3,56.5,1096.4,74.8],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2015\"},{\"bbox\":[29.8,116.7,348.9,152.7],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Contract amount represents credit risk\"},{\"bbox\":[68.6,144.8,328.2,177.9],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Commitments to extend credit:\"},{\"bbox\":[107.5,179.6,211.4,205.3],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Commercial\"},{\"bbox\":[877.7,142.1,1000.7,168.7],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"$15,190,056\"},{\"bbox\":[1021.4,135.2,1144.4,161.9],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"$11,448,927\"},{\"bbox\":[108.8,209.5,195.4,234.4],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Consumer\"},{\"bbox\":[907.4,171.2,1002.1,196.5],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"12,235,943\"},{\"bbox\":[1061.6,164.4,1145.9,189.2],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"8,574,093\"},{\"bbox\":[110.2,233.6,303.2,263.6],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Commercial real estate\"},{\"bbox\":[919.4,200.3,1003.7,225.1],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"1,697,671\"},{\"bbox\":[1078.6,193.5,1147.3,217.6],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"813,271\"},{\"bbox\":[74.1,264.2,274.6,294.5],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Standby letters of credit\"},{\"bbox\":[936.3,229.5,1005.0,253.5],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"637,182\"},{\"bbox\":[1080.0,222.7,1148.6,246.7],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"511,706\"},{\"bbox\":[75.5,291.5,314.2,323.6],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Commercial letters-of-credit\"},{\"bbox\":[958.6,258.6,1006.4,281.7],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"4,610\"},{\"bbox\":[1091.8,251.8,1150.1,275.4],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"56,119\"}]}],\"text\":\"At December 31,\\n2016\\n2015\\n\\n(dollar amounts in thousands)\\n\\nContract amount represents credit risk\\nCommitments to extend credit:\\nCommercial\\nConsumer\\nCommercial real estate\\nStandby letters of credit\\nCommercial letters-of-credit\\n\\n$ 15,190,056\\n12,235,943\\n1,697,671\\n637,182\\n4,610\\n\\n$ 11,448,927\\n8,574,093\\n813,271\\n511,706\\n56,119\\n\\nCommitments to extend credit generally have fixed expiration dates, are variable-rate, and contain clauses that permit\\nHuntington to terminate or otherwise renegotiate the contracts in the event of a significant deterioration in the customer’s credit\\nquality. These arrangements normally require the payment of a fee by the customer, the pricing of which is based on prevailing market\\nconditions, credit quality, probability of funding, and other relevant factors. Since many of these commitments are expected to expire\\nwithout being drawn upon, the contract amounts are not necessarily indicative of future cash requirements. The interest rate risk\\narising from these financial instruments is insignificant as a result of their predominantly short-term, variable-rate nature.\\n\\nStandby letters-of-credit are conditional commitments issued to guarantee the performance of a customer to a third-party. These\\nguarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing,\\nand similar transactions. Most of these arrangements mature within two years. The carrying amount of deferred revenue associated\\nwith these guarantees was $8 million and $7 million at December 31, 2016 and December 31, 2015, respectively.\\n\\nCommercial letters-of-credit represent short-term, self-liquidating instruments that facilitate customer trade transactions and\\ngenerally have maturities of no longer than 90 days. The goods or cargo being traded normally secures these instruments.\\n\\nCommitments to sell loans\\n\\nActivity related to our mortgage origination activity supports the hedging of the mortgage pricing commitments to customers\\nand the secondary sale to third parties. At December 31, 2016 and 2015, Huntington had commitments to sell residential real estate\\nloans of $819 million and $659 million, respectively. These contracts mature in less than one year.\\n\\nLitigation\\n\\nThe nature of Huntington’s business ordinarily results in a certain amount of pending as well as threatened claims, litigation,\\ninvestigations, regulatory and legal and administrative cases, matters and proceedings, all of which are considered incidental to the\\nnormal conduct of business. When the Company determines it has meritorious defenses to the claims asserted, it vigorously defends\\nitself. The Company considers settlement of cases when, in management’s judgment, it is in the best interests of both the Company\\nand its shareholders to do so.\\n\\nOn at least a quarterly basis, Huntington assesses its liabilities and contingencies in connection with threatened and outstanding\\nlegal cases, matters and proceedings, utilizing the latest information available. For cases, matters and proceedings where it is both\\nprobable the Company will incur a loss and the amount can be reasonably estimated, Huntington establishes an accrual for the loss.\\nOnce established, the accrual is adjusted as appropriate to reflect any relevant developments. For cases, matters or proceedings where\\na loss is not probable or the amount of the loss cannot be estimated, no accrual is established.\\n\\nIn certain cases, matters and proceedings, exposure to loss exists in excess of the accrual to the extent such loss is reasonably\\npossible, but not probable. Management believes an estimate of the aggregate range of reasonably possible losses, in excess of\\namounts accrued, for current legal proceedings is up to $65 million at December 31, 2016. For certain other cases, and matters,\\nManagement cannot reasonably estimate the possible loss at this time. Any estimate involves significant judgment, given the varying\\nstages of the proceedings (including the fact that many of them are currently in preliminary stages), the existence of multiple\\ndefendants in several of the current proceedings whose share of liability has yet to be determined, the numerous unresolved issues in\\nmany of the proceedings, and the inherent uncertainty of the various potential outcomes of such proceedings. Accordingly,\\nManagement’s estimate will change from time-to-time, and actual losses may be more or less than the current estimate.\\n\\nWhile the final outcome of legal cases, matters, and proceedings is inherently uncertain, based on information currently\\navailable, advice of counsel, and available insurance coverage, Management believes that the amount it has already accrued is\\nadequate and any incremental liability arising from the Company’s legal cases, matters, or proceedings will not have a material\\nnegative adverse effect on the Company’s consolidated financial position as a whole. However, in the event of unexpected future\\ndevelopments, it is possible that the ultimate resolution of these cases, matters, and proceedings, if unfavorable, may be material to the\\nCompany’s consolidated financial position in a particular period.\\n\\n184\"},\"name\":\"fintabnet.HBAN_2016_page_190__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":155427,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:HBAN_2016\",\"dpi\":150,\"gt_sha256\":\"d238e406b4de0a986c5ca3d79512d56e991c350d29671a0ce6e1d268dffaaded\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HBAN_2016_page_190__150dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.HBAN_2016_page_190\",\"pdf_sha256\":\"ed7c3c28da0fcbc88aae836c8f6c1fd14ae62acbc405f658375430f21789216d\",\"px\":[1238,1613],\"scan\":{\"render\":\"0000700a600a7ffc7ffc7ff8600077e040007fc27ffe3fe87ffe7ffc7ffe0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"HBAN_2016_page_190\",\"src\":{\"file_sha256\":\"f5f3f4f8b3dc843f48fe6057b56096f7b5bf9ed952b243f28040631f66190e9a\",\"render\":\"0000780e700a7ffc7ffc7ffe20007fe0400078447ffe7fe07ffe7ffc7ffc0000\",\"text\":\"462883d0f3566ab8a421032c121e042f8355d88fd62c3047f71e739c8750647e\"},\"stack\":[{\"deg\":2.72,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.605},{\"op\":\"noise\",\"sigma\":15.246},{\"gain\":0.603,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":50}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ed7c3c28da0fcbc88aae836c8f6c1fd14ae62acbc405f658375430f21789216d\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ed7c3c28da0fcbc88aae836c8f6c1fd14ae62acbc405f658375430f21789216d.pdf","asset_sha256":"ed7c3c28da0fcbc88aae836c8f6c1fd14ae62acbc405f658375430f21789216d","document_id":"fintabnet:HBAN_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HBAN_2016_page_190\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(incorporated by reference to Exhibit\"},{\"bbox\":[400.0,716.8,1906.1,762.9],\"text\":\"10.1 of Registrant's Current Report on Form 8-K filed March 16, 2015, File No. 1-03876).\"},{\"bbox\":[400.0,770.9,2329.2,817.0],\"text\":\"Assignment and Assumption of Agreements, dated as of October 16, 2015, by and between HollyFrontier Refining\"},{\"bbox\":[400.0,812.6,2329.2,858.7],\"text\":\"& Marketing LLC, Navajo Refining Company, L.L.C., Holly Refining & Marketing - Tulsa LLC, Frontier Refining\"},{\"bbox\":[400.0,854.3,2329.2,900.4],\"text\":\"LLC and Frontier El Dorado LLC (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form\"},{\"bbox\":[400.0,895.9,1183.4,942.0],\"text\":\"8-K filed October 21, 2015, File No. 1-03876).\"}],\"order\":8,\"text\":\"Unloading and Blending Services Agreement, dated March 12, 2015, by and between HollyFrontier Refining &\\nMarketing LLC, Holly Energy Partners-Operating, L.P. and HEP Refining, L.L.C. (incorporated by reference to Exhibit\\n10.1 of Registrant's Current Report on Form 8-K filed March 16, 2015, File No. 1-03876).\\nAssignment and Assumption of Agreements, dated as of October 16, 2015, by and between HollyFrontier Refining\\n& Marketing LLC, Navajo Refining Company, L.L.C., Holly Refining & Marketing - Tulsa LLC, Frontier Refining\\nLLC and Frontier El Dorado LLC (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form\\n8-K filed October 21, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,770.9,314.6,817.0],\"lines\":[{\"bbox\":[220.8,770.9,314.6,817.0],\"text\":\"10.56\"}],\"order\":9,\"text\":\"10.56\"},{\"bbox\":[220.8,979.3,314.6,1025.4],\"lines\":[{\"bbox\":[220.8,979.3,314.6,1025.4],\"text\":\"10.57\"}],\"order\":10,\"text\":\"10.57\"},{\"bbox\":[400.0,979.3,2329.2,1108.7],\"lines\":[{\"bbox\":[400.0,979.3,2329.2,1025.4],\"text\":\"Master Throughput Agreement, dated as of October 16, 2015, by and between HollyFrontier Refining & Marketing\"},{\"bbox\":[400.0,1020.9,2329.2,1067.0],\"text\":\"LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.2 of Registrant's Current\"},{\"bbox\":[400.0,1062.6,1460.0,1108.7],\"text\":\"Report on Form 8-K filed October 21, 2015, File No. 1-03876).\"}],\"order\":11,\"text\":\"Master Throughput Agreement, dated as of October 16, 2015, by and between HollyFrontier Refining & Marketing\\nLLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.2 of Registrant's Current\\nReport on Form 8-K filed October 21, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,1145.9,314.6,1192.0],\"lines\":[{\"bbox\":[220.8,1145.9,314.6,1192.0],\"text\":\"10.58\"}],\"order\":12,\"text\":\"10.58\"},{\"bbox\":[400.0,1145.9,2329.2,1275.4],\"lines\":[{\"bbox\":[400.0,1145.9,2329.2,1192.0],\"text\":\"Amended and Restated Master Throughput Agreement, dated February 22, 2016, by and between HollyFrontier\"},{\"bbox\":[400.0,1187.6,2329.2,1233.7],\"text\":\"Refining & Marketing LLC and Holly Energy Partners - Operating, L.P. (incorporated by reference to Exhibit 10.5\"},{\"bbox\":[400.0,1229.2,1868.5,1275.4],\"text\":\"of Registrant’s Current Report on Form 8-K filed February 22, 2016, File No. 1-03876).\"}],\"order\":13,\"text\":\"Amended and Restated Master Throughput Agreement, dated February 22, 2016, by and between HollyFrontier\\nRefining & Marketing LLC and Holly Energy Partners - Operating, L.P. (incorporated by reference to Exhibit 10.5\\nof Registrant’s Current Report on Form 8-K filed February 22, 2016, File No. 1-03876).\"},{\"bbox\":[220.8,1312.6,314.6,1358.7],\"lines\":[{\"bbox\":[220.8,1312.6,314.6,1358.7],\"text\":\"10.59\"}],\"order\":14,\"text\":\"10.59\"},{\"bbox\":[400.0,1312.6,2329.2,1442.0],\"lines\":[{\"bbox\":[400.0,1312.6,2329.2,1358.7],\"text\":\"Construction Payment Agreement, dated as of October 16, 2015, by and between HEP Refining, L.L.C. and\"},{\"bbox\":[400.0,1354.2,2329.2,1400.4],\"text\":\"HollyFrontier Refining & Marketing LLC (incorporated by reference to Exhibit 10.3 of Registrant's Current Report\"},{\"bbox\":[400.0,1395.9,1336.2,1442.0],\"text\":\"on Form 8-K filed October 21, 2015, File No. 1-03876).\"}],\"order\":15,\"text\":\"Construction Payment Agreement, dated as of October 16, 2015, by and between HEP Refining, L.L.C. and\\nHollyFrontier Refining & Marketing LLC (incorporated by reference to Exhibit 10.3 of Registrant's Current Report\\non Form 8-K filed October 21, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,1479.2,314.6,1525.4],\"lines\":[{\"bbox\":[220.8,1479.2,314.6,1525.4],\"text\":\"10.60\"}],\"order\":16,\"text\":\"10.60\"},{\"bbox\":[400.0,1479.2,2329.2,1650.4],\"lines\":[{\"bbox\":[400.0,1479.2,2329.2,1525.4],\"text\":\"Services and Secondment Agreement, dated as of October 16, 2015, by and among Holly Logistic Services, L.L.C.,\"},{\"bbox\":[400.0,1520.9,2329.2,1567.0],\"text\":\"Holly Energy Partners-Operating L.P., Cheyenne Logistics LLC, El Dorado Logistics LLC, HollyFrontier Payroll\"},{\"bbox\":[400.0,1562.6,2329.2,1608.7],\"text\":\"Services, Inc., Frontier Refining LLC and Frontier El Dorado Refining LLC (incorporated by reference to Exhibit\"},{\"bbox\":[400.0,1604.2,1931.6,1650.4],\"text\":\"10.5 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876).\"}],\"order\":17,\"text\":\"Services and Secondment Agreement, dated as of October 16, 2015, by and among Holly Logistic Services, L.L.C.,\\nHolly Energy Partners-Operating L.P., Cheyenne Logistics LLC, El Dorado Logistics LLC, HollyFrontier Payroll\\nServices, Inc., Frontier Refining LLC and Frontier El Dorado Refining LLC (incorporated by reference to Exhibit\\n10.5 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,1691.8,314.6,1737.9],\"lines\":[{\"bbox\":[220.8,1691.8,314.6,1737.9],\"text\":\"10.61\"}],\"order\":18,\"text\":\"10.61\"},{\"bbox\":[400.0,1695.5,2329.2,1908.3],\"lines\":[{\"bbox\":[400.0,1695.5,2329.2,1741.6],\"text\":\"Amended and Restated Services and Secondment Agreement, dated as of November 2, 2015, by and among Holly\"},{\"bbox\":[400.0,1737.2,2329.2,1783.3],\"text\":\"Logistic Services, L.L.C., Holly Energy Partners-Operating L.P., El Dorado Operating LLC, Cheyenne Logistics LLC,\"},{\"bbox\":[400.0,1778.8,2329.2,1825.0],\"text\":\"El Dorado Logistics LLC, HollyFrontier Payroll Services, Inc., Frontier Refining LLC and Frontier El Dorado Refining\"},{\"bbox\":[400.0,1820.5,2329.2,1866.6],\"text\":\"LLC (incorporated by reference to Exhibit 10.5 of Registrant's Current Report on Form 8-K filed November 3, 2015,\"},{\"bbox\":[400.0,1862.2,710.2,1908.3],\"text\":\"File No. 1-03876).\"}],\"order\":19,\"text\":\"Amended and Restated Services and Secondment Agreement, dated as of November 2, 2015, by and among Holly\\nLogistic Services, L.L.C., Holly Energy Partners-Operating L.P., El Dorado Operating LLC, Cheyenne Logistics LLC,\\nEl Dorado Logistics LLC, HollyFrontier Payroll Services, Inc., Frontier Refining LLC and Frontier El Dorado Refining\\nLLC (incorporated by reference to Exhibit 10.5 of Registrant's Current Report on Form 8-K filed November 3, 2015,\\nFile No. 1-03876).\"},{\"bbox\":[220.8,1950.1,314.6,1996.2],\"lines\":[{\"bbox\":[220.8,1950.1,314.6,1996.2],\"text\":\"10.62\"}],\"order\":20,\"text\":\"10.62\"},{\"bbox\":[400.0,1953.8,2330.8,2166.6],\"lines\":[{\"bbox\":[400.0,1953.8,2329.2,2000.0],\"text\":\"Master Lease and Access Agreement, dated as of October 16, 2015, by and among Frontier El Dorado Refining LLC,\"},{\"bbox\":[400.0,1995.5,2330.8,2041.6],\"text\":\"Frontier Refining LLC, Holly Refining & Marketing - Tulsa LLC, Holly Refining & Marketing Company - Woods\"},{\"bbox\":[400.0,2037.2,2329.2,2083.3],\"text\":\"Cross LLC, Navajo Refining Company, L.L.C., El Dorado Logistics LLC, Cheyenne Logistics LLC, HEP Tulsa LLC,\"},{\"bbox\":[400.0,2078.8,2329.2,2125.0],\"text\":\"HEP Woods Cross, L.L.C. and HEP Pipeline, L.L.C. (incorporated by reference to Exhibit 10.6 of Registrant's Current\"},{\"bbox\":[400.0,2120.5,1460.0,2166.6],\"text\":\"Report on Form 8-K filed October 21, 2015, File No. 1-03876).\"}],\"order\":21,\"text\":\"Master Lease and Access Agreement, dated as of October 16, 2015, by and among Frontier El Dorado Refining LLC,\\nFrontier Refining LLC, Holly Refining & Marketing - Tulsa LLC, Holly Refining & Marketing Company - Woods\\nCross LLC, Navajo Refining Company, L.L.C., El Dorado Logistics LLC, Cheyenne Logistics LLC, HEP Tulsa LLC,\\nHEP Woods Cross, L.L.C. and HEP Pipeline, L.L.C. (incorporated by reference to Exhibit 10.6 of Registrant's Current\\nReport on Form 8-K filed October 21, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,2208.4,314.6,2254.5],\"lines\":[{\"bbox\":[220.8,2208.4,314.6,2254.5],\"text\":\"10.63\"}],\"order\":22,\"text\":\"10.63\"},{\"bbox\":[400.0,2216.3,2329.2,2470.8],\"lines\":[{\"bbox\":[400.0,2216.3,2329.2,2262.5],\"text\":\"Amended and Restated Master Lease and Access Agreement, dated as of November 2, 2015, by and among Frontier\"},{\"bbox\":[400.0,2258.0,2329.2,2304.1],\"text\":\"El Dorado Refining LLC, Frontier Refining LLC, Holly Refining & Marketing - Tulsa LLC, Holly Refining &\"},{\"bbox\":[400.0,2299.7,2329.2,2345.8],\"text\":\"Marketing Company - Woods Cross LLC, Navajo Refining Company, L.L.C., El Dorado Operating LLC, El Dorado\"},{\"bbox\":[400.0,2341.3,2329.2,2387.5],\"text\":\"Logistics LLC, Cheyenne Logistics LLC, HEP Tulsa LLC, HEP Woods Cross, L.L.C. and HEP Pipeline, L.L.C.\"},{\"bbox\":[400.0,2383.0,2329.2,2429.1],\"text\":\"(incorporated by reference to Exhibit 10.6 of Registrant's Current Report on Form 8-K filed November 3, 2015, File\"},{\"bbox\":[400.0,2424.7,634.9,2470.8],\"text\":\"No. 1-03876).\"}],\"order\":23,\"text\":\"Amended and Restated Master Lease and Access Agreement, dated as of November 2, 2015, by and among Frontier\\nEl Dorado Refining LLC, Frontier Refining LLC, Holly Refining & Marketing - Tulsa LLC, Holly Refining &\\nMarketing Company - Woods Cross LLC, Navajo Refining Company, L.L.C., El Dorado Operating LLC, El Dorado\\nLogistics LLC, Cheyenne Logistics LLC, HEP Tulsa LLC, HEP Woods Cross, L.L.C. and HEP Pipeline, L.L.C.\\n(incorporated by reference to Exhibit 10.6 of Registrant's Current Report on Form 8-K filed November 3, 2015, File\\nNo. 1-03876).\"},{\"bbox\":[220.8,2512.6,314.6,2558.7],\"lines\":[{\"bbox\":[220.8,2512.6,314.6,2558.7],\"text\":\"10.64\"}],\"order\":24,\"text\":\"10.64\"},{\"bbox\":[400.0,2512.6,2329.2,2642.0],\"lines\":[{\"bbox\":[400.0,2512.6,2329.2,2558.7],\"text\":\"LLC Interest Purchase Agreement, dated as of November 2, 2015, by and between HollyFrontier Corporation, Frontier\"},{\"bbox\":[400.0,2554.2,2329.2,2600.4],\"text\":\"El Dorado Refining LLC and Holly Energy Partners-Operating, L.P. (incorporated by reference to Exhibit 10.1 of\"},{\"bbox\":[400.0,2595.9,1824.0,2642.0],\"text\":\"Registrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876).\"}],\"order\":25,\"text\":\"LLC Interest Purchase Agreement, dated as of November 2, 2015, by and between HollyFrontier Corporation, Frontier\\nEl Dorado Refining LLC and Holly Energy Partners-Operating, L.P. (incorporated by reference to Exhibit 10.1 of\\nRegistrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,2679.2,314.6,2725.4],\"lines\":[{\"bbox\":[220.8,2679.2,314.6,2725.4],\"text\":\"10.65\"}],\"order\":26,\"text\":\"10.65\"},{\"bbox\":[400.0,2679.2,2329.2,2808.7],\"lines\":[{\"bbox\":[400.0,2679.2,2329.2,2725.4],\"text\":\"Master Tolling Agreement (Refinery Assets), dated as of November 2, 2015, by and between Frontier El Dorado\"},{\"bbox\":[400.0,2720.9,2329.2,2767.0],\"text\":\"Refining LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.2 of Registrant's\"},{\"bbox\":[400.0,2762.6,1618.6,2808.7],\"text\":\"Current Report on Form 8-K filed November 3, 2015, File No. 1-03876).\"}],\"order\":27,\"text\":\"Master Tolling Agreement (Refinery Assets), dated as of November 2, 2015, by and between Frontier El Dorado\\nRefining LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.2 of Registrant's\\nCurrent Report on Form 8-K filed November 3, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,2845.9,314.6,2892.0],\"lines\":[{\"bbox\":[220.8,2845.9,314.6,2892.0],\"text\":\"10.66\"}],\"order\":28,\"text\":\"10.66\"},{\"bbox\":[400.0,2845.9,2329.2,2975.4],\"lines\":[{\"bbox\":[400.0,2845.9,2329.2,2892.0],\"text\":\"Master Tolling Agreement (Operating Assets), dated as of November 2, 2015, by and between Frontier El Dorado\"},{\"bbox\":[400.0,2887.6,2329.2,2933.7],\"text\":\"Refining LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.3 of Registrant's\"},{\"bbox\":[400.0,2929.2,1618.6,2975.4],\"text\":\"Current Report on Form 8-K filed November 3, 2015, File No. 1-03876).\"}],\"order\":29,\"text\":\"Master Tolling Agreement (Operating Assets), dated as of November 2, 2015, by and between Frontier El Dorado\\nRefining LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.3 of Registrant's\\nCurrent Report on Form 8-K filed November 3, 2015, File No. 1-03876).\"},{\"bbox\":[1246.9,3132.0,1303.1,3173.5],\"lines\":[{\"bbox\":[1246.9,3132.0,1303.1,3173.5],\"text\":\"106\"}],\"order\":30,\"text\":\"106\"}],\"doc\":\"fintabnet:HFC_2015\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Table of Content\\n\\n| Exhibit Number | Description |\\n| --- | --- |\\n| 10.53 | Fourth Amendment to Refined Products Purchase Agreement, dated February 27, 2014, between HollyFrontier Refining & Marketing LLC and Sinclair Oil Corporation (incorporated by reference to Exhibit 10.55 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2014, File No. 1-03876). |\\n| 10.54 | Fifth Amendment to Refined Products Purchase Agreement dated June 23, 2014, between HollyFrontier Refining & Marketing LLC and Sinclair Oil Corporation (incorporated by reference to Exhibit 10.56 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2014, File No. 1-03876). |\\n| 10.55 | Unloading and Blending Services Agreement, dated March 12, 2015, by and between HollyFrontier Refining & Marketing LLC, Holly Energy Partners-Operating, L.P. and HEP Refining, L.L.C. (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed March 16, 2015, File No. 1-03876). |\\n| 10.56 | Assignment and Assumption of Agreements, dated as of October 16, 2015, by and between HollyFrontier Refining & Marketing LLC, Navajo Refining Company, L.L.C., Holly Refining & Marketing - Tulsa LLC, Frontier Refining LLC and Frontier El Dorado LLC (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876). |\\n| 10.57 | Master Throughput Agreement, dated as of October 16, 2015, by and between HollyFrontier Refining & Marketing LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876). |\\n| 10.58 | Amended and Restated Master Throughput Agreement, dated February 22, 2016, by and between HollyFrontier Refining & Marketing LLC and Holly Energy Partners - Operating, L.P. (incorporated by reference to Exhibit 10.5 of Registrant’s Current Report on Form 8-K filed February 22, 2016, File No. 1-03876). |\\n| 10.59 | Construction Payment Agreement, dated as of October 16, 2015, by and between HEP Refining, L.L.C. and HollyFrontier Refining & Marketing LLC (incorporated by reference to Exhibit 10.3 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876). |\\n| 10.60 | Services and Secondment Agreement, dated as of October 16, 2015, by and among Holly Logistic Services, L.L.C., Holly Energy Partners-Operating L.P., Cheyenne Logistics LLC, El Dorado Logistics LLC, HollyFrontier Payroll Services, Inc., Frontier Refining LLC and Frontier El Dorado Refining LLC (incorporated by reference to Exhibit 10.5 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876). |\\n| 10.61 | Amended and Restated Services and Secondment Agreement, dated as of November 2, 2015, by and among Holly Logistic Services, L.L.C., Holly Energy Partners-Operating L.P., El Dorado Operating LLC, Cheyenne Logistics LLC, El Dorado Logistics LLC, HollyFrontier Payroll Services, Inc., Frontier Refining LLC and Frontier El Dorado Refining LLC (incorporated by reference to Exhibit 10.5 of Registrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876). |\\n| 10.62 | Master Lease and Access Agreement, dated as of October 16, 2015, by and among Frontier El Dorado Refining LLC, Frontier Refining LLC, Holly Refining & Marketing - Tulsa LLC, Holly Refining & Marketing Company - Woods Cross LLC, Navajo Refining Company, L.L.C., El Dorado Logistics LLC, Cheyenne Logistics LLC, HEP Tulsa LLC, HEP Woods Cross, L.L.C. and HEP Pipeline, L.L.C. (incorporated by reference to Exhibit 10.6 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876). |\\n| 10.63 | Amended and Restated Master Lease and Access Agreement, dated as of November 2, 2015, by and among Frontier El Dorado Refining LLC, Frontier Refining LLC, Holly Refining & Marketing - Tulsa LLC, Holly Refining & Marketing Company - Woods Cross LLC, Navajo Refining Company, L.L.C., El Dorado Operating LLC, El Dorado Logistics LLC, Cheyenne Logistics LLC, HEP Tulsa LLC, HEP Woods Cross, L.L.C. and HEP Pipeline, L.L.C. (incorporated by reference to Exhibit 10.6 of Registrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876). |\\n| 10.64 | LLC Interest Purchase Agreement, dated as of November 2, 2015, by and between HollyFrontier Corporation, Frontier El Dorado Refining LLC and Holly Energy Partners-Operating, L.P. (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876). |\\n| 10.65 | Master Tolling Agreement (Refinery Assets), dated as of November 2, 2015, by and between Frontier El Dorado Refining LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876). |\\n| 10.66 | Master Tolling Agreement (Operating Assets), dated as of November 2, 2015, by and between Frontier El Dorado Refining LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.3 of Registrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876). |\\n\\n106\",\"name\":\"fintabnet.HFC_2015_page_114__300dpi_none\",\"page_id\":\"fintabnet.HFC_2015_page_114\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"HFC_2015_page_114\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[220.8,180.6,2341.2,2975.4],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29],\"cells\":[{\"bbox\":[220.8,191.6,339.4,258.3],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\"Exhibit Number\"},{\"bbox\":[400.0,225.0,564.8,258.3],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"Description\"},{\"bbox\":[220.8,304.5,314.6,346.2],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"10.53\"},{\"bbox\":[400.0,304.5,2329.2,429.5],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"Fourth Amendment to Refined Products Purchase Agreement, dated February 27, 2014, between HollyFrontier Refining & Marketing LLC and Sinclair Oil Corporation (incorporated by reference to Exhibit 10.55 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2014, File No. 1-03876).\"},{\"bbox\":[220.8,471.2,314.6,512.9],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"10.54\"},{\"bbox\":[400.0,471.2,2329.2,596.2],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"Fifth Amendment to Refined Products Purchase Agreement dated June 23, 2014, between HollyFrontier Refining & Marketing LLC and Sinclair Oil Corporation (incorporated by reference to Exhibit 10.56 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2014, File No. 1-03876).\"},{\"bbox\":[220.8,637.8,314.6,679.5],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"10.55\"},{\"bbox\":[400.0,637.8,2329.2,762.9],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"Unloading and Blending Services Agreement, dated March 12, 2015, by and between HollyFrontier Refining & Marketing LLC, Holly Energy Partners-Operating, L.P. and HEP Refining, L.L.C. (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed March 16, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,775.3,314.6,817.0],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"10.56\"},{\"bbox\":[400.0,775.3,2329.2,942.0],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"Assignment and Assumption of Agreements, dated as of October 16, 2015, by and between HollyFrontier Refining & Marketing LLC, Navajo Refining Company, L.L.C., Holly Refining & Marketing - Tulsa LLC, Frontier Refining LLC and Frontier El Dorado LLC (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,983.7,314.6,1025.4],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"10.57\"},{\"bbox\":[400.0,983.7,2329.2,1108.7],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"Master Throughput Agreement, dated as of October 16, 2015, by and between HollyFrontier Refining & Marketing LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,1150.4,314.6,1192.0],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"10.58\"},{\"bbox\":[400.0,1150.4,2329.2,1275.4],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"Amended and Restated Master Throughput Agreement, dated February 22, 2016, by and between HollyFrontier Refining & Marketing LLC and Holly Energy Partners - Operating, L.P. (incorporated by reference to Exhibit 10.5 of Registrant’s Current Report on Form 8-K filed February 22, 2016, File No. 1-03876).\"},{\"bbox\":[220.8,1317.0,314.6,1358.7],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"10.59\"},{\"bbox\":[400.0,1317.0,2329.2,1442.0],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"Construction Payment Agreement, dated as of October 16, 2015, by and between HEP Refining, L.L.C. and HollyFrontier Refining & Marketing LLC (incorporated by reference to Exhibit 10.3 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,1483.7,314.6,1525.4],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"10.60\"},{\"bbox\":[400.0,1483.7,2329.2,1650.4],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"Services and Secondment Agreement, dated as of October 16, 2015, by and among Holly Logistic Services, L.L.C., Holly Energy Partners-Operating L.P., Cheyenne Logistics LLC, El Dorado Logistics LLC, HollyFrontier Payroll Services, Inc., Frontier Refining LLC and Frontier El Dorado Refining LLC (incorporated by reference to Exhibit 10.5 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,1696.2,314.6,1737.9],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"10.61\"},{\"bbox\":[400.0,1700.0,2329.2,1908.3],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"Amended and Restated Services and Secondment Agreement, dated as of November 2, 2015, by and among Holly Logistic Services, L.L.C., Holly Energy Partners-Operating L.P., El Dorado Operating LLC, Cheyenne Logistics LLC, El Dorado Logistics LLC, HollyFrontier Payroll Services, Inc., Frontier Refining LLC and Frontier El Dorado Refining LLC (incorporated by reference to Exhibit 10.5 of Registrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,1954.5,314.6,1996.3],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"10.62\"},{\"bbox\":[400.0,1958.3,2330.8,2166.6],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"Master Lease and Access Agreement, dated as of October 16, 2015, by and among Frontier El Dorado Refining LLC, Frontier Refining LLC, Holly Refining & Marketing - Tulsa LLC, Holly Refining & Marketing Company - Woods Cross LLC, Navajo Refining Company, L.L.C., El Dorado Logistics LLC, Cheyenne Logistics LLC, HEP Tulsa LLC, HEP Woods Cross, L.L.C. and HEP Pipeline, L.L.C. (incorporated by reference to Exhibit 10.6 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,2212.9,314.6,2254.5],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"10.63\"},{\"bbox\":[400.0,2220.8,2329.3,2470.8],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"Amended and Restated Master Lease and Access Agreement, dated as of November 2, 2015, by and among Frontier El Dorado Refining LLC, Frontier Refining LLC, Holly Refining & Marketing - Tulsa LLC, Holly Refining & Marketing Company - Woods Cross LLC, Navajo Refining Company, L.L.C., El Dorado Operating LLC, El Dorado Logistics LLC, Cheyenne Logistics LLC, HEP Tulsa LLC, HEP Woods Cross, L.L.C. and HEP Pipeline, L.L.C. (incorporated by reference to Exhibit 10.6 of Registrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,2517.0,314.6,2558.7],\"c0\":0,\"c1\":0,\"r0\":12,\"r1\":12,\"text\":\"10.64\"},{\"bbox\":[400.0,2517.0,2329.2,2642.0],\"c0\":1,\"c1\":1,\"r0\":12,\"r1\":12,\"text\":\"LLC Interest Purchase Agreement, dated as of November 2, 2015, by and between HollyFrontier Corporation, Frontier El Dorado Refining LLC and Holly Energy Partners-Operating, L.P. (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,2683.7,314.6,2725.4],\"c0\":0,\"c1\":0,\"r0\":13,\"r1\":13,\"text\":\"10.65\"},{\"bbox\":[400.0,2683.7,2329.2,2808.7],\"c0\":1,\"c1\":1,\"r0\":13,\"r1\":13,\"text\":\"Master Tolling Agreement (Refinery Assets), dated as of November 2, 2015, by and between Frontier El Dorado Refining LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876).\"},{\"bbox\":[220.8,2850.4,314.6,2892.0],\"c0\":0,\"c1\":0,\"r0\":14,\"r1\":14,\"text\":\"10.66\"},{\"bbox\":[400.0,2850.4,2329.2,2975.4],\"c0\":1,\"c1\":1,\"r0\":14,\"r1\":14,\"text\":\"Master Tolling Agreement (Operating Assets), dated as of November 2, 2015, by and between Frontier El Dorado Refining LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.3 of Registrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876).\"}]}],\"text\":\"Table of Content\\n\\nExhibit\\nNumber\\n\\nDescription\\n\\n10.53\\n\\nFourth Amendment to Refined Products Purchase Agreement, dated February 27, 2014, between HollyFrontier\\nRefining & Marketing LLC and Sinclair Oil Corporation (incorporated by reference to Exhibit 10.55 of Registrant's\\nAnnual Report on Form 10-K for its fiscal year ended December 31, 2014, File No. 1-03876).\\n\\n10.54\\n\\nFifth Amendment to Refined Products Purchase Agreement dated June 23, 2014, between HollyFrontier Refining &\\nMarketing LLC and Sinclair Oil Corporation (incorporated by reference to Exhibit 10.56 of Registrant's Annual Report\\non Form 10-K for its fiscal year ended December 31, 2014, File No. 1-03876).\\n\\n10.55\\n\\nUnloading and Blending Services Agreement, dated March 12, 2015, by and between HollyFrontier Refining &\\nMarketing LLC, Holly Energy Partners-Operating, L.P. and HEP Refining, L.L.C. (incorporated by reference to Exhibit\\n10.1 of Registrant's Current Report on Form 8-K filed March 16, 2015, File No. 1-03876).\\nAssignment and Assumption of Agreements, dated as of October 16, 2015, by and between HollyFrontier Refining\\n& Marketing LLC, Navajo Refining Company, L.L.C., Holly Refining & Marketing - Tulsa LLC, Frontier Refining\\nLLC and Frontier El Dorado LLC (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form\\n8-K filed October 21, 2015, File No. 1-03876).\\n\\n10.56\\n\\n10.57\\n\\nMaster Throughput Agreement, dated as of October 16, 2015, by and between HollyFrontier Refining & Marketing\\nLLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.2 of Registrant's Current\\nReport on Form 8-K filed October 21, 2015, File No. 1-03876).\\n\\n10.58\\n\\nAmended and Restated Master Throughput Agreement, dated February 22, 2016, by and between HollyFrontier\\nRefining & Marketing LLC and Holly Energy Partners - Operating, L.P. (incorporated by reference to Exhibit 10.5\\nof Registrant’s Current Report on Form 8-K filed February 22, 2016, File No. 1-03876).\\n\\n10.59\\n\\nConstruction Payment Agreement, dated as of October 16, 2015, by and between HEP Refining, L.L.C. and\\nHollyFrontier Refining & Marketing LLC (incorporated by reference to Exhibit 10.3 of Registrant's Current Report\\non Form 8-K filed October 21, 2015, File No. 1-03876).\\n\\n10.60\\n\\nServices and Secondment Agreement, dated as of October 16, 2015, by and among Holly Logistic Services, L.L.C.,\\nHolly Energy Partners-Operating L.P., Cheyenne Logistics LLC, El Dorado Logistics LLC, HollyFrontier Payroll\\nServices, Inc., Frontier Refining LLC and Frontier El Dorado Refining LLC (incorporated by reference to Exhibit\\n10.5 of Registrant's Current Report on Form 8-K filed October 21, 2015, File No. 1-03876).\\n\\n10.61\\n\\nAmended and Restated Services and Secondment Agreement, dated as of November 2, 2015, by and among Holly\\nLogistic Services, L.L.C., Holly Energy Partners-Operating L.P., El Dorado Operating LLC, Cheyenne Logistics LLC,\\nEl Dorado Logistics LLC, HollyFrontier Payroll Services, Inc., Frontier Refining LLC and Frontier El Dorado Refining\\nLLC (incorporated by reference to Exhibit 10.5 of Registrant's Current Report on Form 8-K filed November 3, 2015,\\nFile No. 1-03876).\\n\\n10.62\\n\\nMaster Lease and Access Agreement, dated as of October 16, 2015, by and among Frontier El Dorado Refining LLC,\\nFrontier Refining LLC, Holly Refining & Marketing - Tulsa LLC, Holly Refining & Marketing Company - Woods\\nCross LLC, Navajo Refining Company, L.L.C., El Dorado Logistics LLC, Cheyenne Logistics LLC, HEP Tulsa LLC,\\nHEP Woods Cross, L.L.C. and HEP Pipeline, L.L.C. (incorporated by reference to Exhibit 10.6 of Registrant's Current\\nReport on Form 8-K filed October 21, 2015, File No. 1-03876).\\n\\n10.63\\n\\nAmended and Restated Master Lease and Access Agreement, dated as of November 2, 2015, by and among Frontier\\nEl Dorado Refining LLC, Frontier Refining LLC, Holly Refining & Marketing - Tulsa LLC, Holly Refining &\\nMarketing Company - Woods Cross LLC, Navajo Refining Company, L.L.C., El Dorado Operating LLC, El Dorado\\nLogistics LLC, Cheyenne Logistics LLC, HEP Tulsa LLC, HEP Woods Cross, L.L.C. and HEP Pipeline, L.L.C.\\n(incorporated by reference to Exhibit 10.6 of Registrant's Current Report on Form 8-K filed November 3, 2015, File\\nNo. 1-03876).\\n\\n10.64\\n\\nLLC Interest Purchase Agreement, dated as of November 2, 2015, by and between HollyFrontier Corporation, Frontier\\nEl Dorado Refining LLC and Holly Energy Partners-Operating, L.P. (incorporated by reference to Exhibit 10.1 of\\nRegistrant's Current Report on Form 8-K filed November 3, 2015, File No. 1-03876).\\n\\n10.65\\n\\nMaster Tolling Agreement (Refinery Assets), dated as of November 2, 2015, by and between Frontier El Dorado\\nRefining LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.2 of Registrant's\\nCurrent Report on Form 8-K filed November 3, 2015, File No. 1-03876).\\n\\n10.66\\n\\nMaster Tolling Agreement (Operating Assets), dated as of November 2, 2015, by and between Frontier El Dorado\\nRefining LLC and Holly Energy Partners-Operating L.P. (incorporated by reference to Exhibit 10.3 of Registrant's\\nCurrent Report on Form 8-K filed November 3, 2015, File No. 1-03876).\\n\\n106\"},\"name\":\"fintabnet.HFC_2015_page_114__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":462086,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:HFC_2015\",\"dpi\":300,\"gt_sha256\":\"1b60756792db117415b54fd0a3affe58a5c01ee28c772f84945b9cb2744294fd\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HFC_2015_page_114__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.HFC_2015_page_114\",\"pdf_sha256\":\"359733089df2cd9fa0f55c9e8146afa35b19b83e8814d86830b18c3753f30a3d\",\"px\":[2550,3300],\"scan\":{\"render\":\"00003ffc1ff81ffc1ffc1ffc1ff01ffc1ffe1f7c1ffc3ffe1ff01ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"HFC_2015_page_114\",\"src\":{\"file_sha256\":\"17b74f9875c3a9e2a596e84cf7b171132fad551d8fc05209b87225f755414166\",\"render\":\"00003ffc1fe01ffc1ffc1ffc1ff01ffc1ffe1ffc1ffc3ffc1ff03ffc00000000\",\"text\":\"59928ecdf0b6d0b39a1a3f0781672d31c26ecb4106e70648ae752ccf2f99cadf\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"359733089df2cd9fa0f55c9e8146afa35b19b83e8814d86830b18c3753f30a3d\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/359733089df2cd9fa0f55c9e8146afa35b19b83e8814d86830b18c3753f30a3d.pdf","asset_sha256":"359733089df2cd9fa0f55c9e8146afa35b19b83e8814d86830b18c3753f30a3d","document_id":"fintabnet:HFC_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HFC_2015_page_114\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HFC_2017_page_91\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HFC_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[655.3,68.4,1750.1,267.4],\"lines\":[{\"bbox\":[854.0,78.1,1546.4,157.8],\"text\":\"HOLLYFRONTIER CORPORATION\"},{\"bbox\":[657.7,118.4,1747.6,217.5],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[1110.2,190.3,1299.8,245.5],\"text\":\"Continued\"}],\"order\":0,\"text\":\"HOLLYFRONTIER CORPORATION\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\nContinued\"},{\"bbox\":[141.4,241.2,2281.0,441.3],\"lines\":[{\"bbox\":[141.4,241.2,2278.6,391.3],\"text\":\"As of December 31, 2017, we have the following notional contract volumes related to outstanding derivative instruments serving\"},{\"bbox\":[143.8,342.5,1226.6,441.3],\"text\":\"as cash flow hedges against price risk on forecasted transactions:\"}],\"order\":1,\"text\":\"As of December 31, 2017, we have the following notional contract volumes related to outstanding derivative instruments serving\\nas cash flow hedges against price risk on forecasted transactions:\"},{\"bbox\":[1227.1,459.4,1991.0,538.0],\"lines\":[{\"bbox\":[1227.1,459.4,1991.0,538.0],\"text\":\"Notional Contract Volumes by Year of Maturity\"}],\"order\":2,\"text\":\"Notional Contract Volumes by Year of Maturity\"},{\"bbox\":[979.8,553.3,1185.3,679.4],\"lines\":[{\"bbox\":[1038.9,556.0,1124.6,601.6],\"text\":\"Total\"},{\"bbox\":[981.7,590.7,1183.5,641.9],\"text\":\"Outstanding\"},{\"bbox\":[1014.7,629.7,1154.1,677.9],\"text\":\"Notional\"}],\"order\":3,\"text\":\"Total\\nOutstanding\\nNotional\"},{\"bbox\":[1270.7,615.9,1347.6,661.0],\"lines\":[{\"bbox\":[1270.7,615.9,1347.6,661.0],\"text\":\"2018\"}],\"order\":4,\"text\":\"2018\"},{\"bbox\":[1474.6,605.9,1551.5,651.1],\"lines\":[{\"bbox\":[1474.6,605.9,1551.5,651.1],\"text\":\"2019\"}],\"order\":5,\"text\":\"2019\"},{\"bbox\":[1678.5,596.0,1755.4,641.1],\"lines\":[{\"bbox\":[1678.5,596.0,1755.4,641.1],\"text\":\"2020\"}],\"order\":6,\"text\":\"2020\"},{\"bbox\":[1882.4,586.1,1959.4,631.2],\"lines\":[{\"bbox\":[1882.4,586.1,1959.4,631.2],\"text\":\"2021\"}],\"order\":7,\"text\":\"2021\"},{\"bbox\":[2062.9,536.6,2205.4,622.3],\"lines\":[{\"bbox\":[2076.6,537.3,2190.0,584.2],\"text\":\"Unit of\"},{\"bbox\":[2064.7,574.1,2205.4,622.3],\"text\":\"Measure\"}],\"order\":8,\"text\":\"Unit of\\nMeasure\"},{\"bbox\":[1040.0,715.2,1191.8,764.0],\"lines\":[{\"bbox\":[1040.0,715.2,1191.8,764.0],\"text\":\"7,200,000\"}],\"order\":9,\"text\":\"7,200,000\"},{\"bbox\":[1243.9,705.3,1395.7,754.0],\"lines\":[{\"bbox\":[1243.9,705.3,1395.7,754.0],\"text\":\"1,800,000\"}],\"order\":10,\"text\":\"1,800,000\"},{\"bbox\":[1447.8,695.3,1599.7,744.1],\"lines\":[{\"bbox\":[1447.8,695.3,1599.7,744.1],\"text\":\"1,800,000\"}],\"order\":11,\"text\":\"1,800,000\"},{\"bbox\":[1651.7,685.4,1803.6,734.2],\"lines\":[{\"bbox\":[1651.7,685.4,1803.6,734.2],\"text\":\"1,800,000\"}],\"order\":12,\"text\":\"1,800,000\"},{\"bbox\":[1855.7,675.4,2007.5,724.2],\"lines\":[{\"bbox\":[1855.7,675.4,2007.5,724.2],\"text\":\"1,800,000\"}],\"order\":13,\"text\":\"1,800,000\"},{\"bbox\":[2047.1,666.5,2190.6,714.9],\"lines\":[{\"bbox\":[2047.1,666.5,2190.6,714.9],\"text\":\"MMBTU\"}],\"order\":14,\"text\":\"MMBTU\"},{\"bbox\":[177.2,790.2,851.2,864.4],\"lines\":[{\"bbox\":[177.2,790.2,851.2,864.4],\"text\":\"Forward gasoline and diesel contracts - short\"}],\"order\":15,\"text\":\"Forward gasoline and diesel contracts - short\"},{\"bbox\":[1070.9,773.5,1194.7,820.9],\"lines\":[{\"bbox\":[1070.9,773.5,1194.7,820.9],\"text\":\"250,000\"}],\"order\":16,\"text\":\"250,000\"},{\"bbox\":[1274.8,763.5,1398.6,810.9],\"lines\":[{\"bbox\":[1274.8,763.5,1398.6,810.9],\"text\":\"250,000\"}],\"order\":17,\"text\":\"250,000\"},{\"bbox\":[1563.0,753.6,1602.5,796.9],\"lines\":[{\"bbox\":[1563.0,753.6,1602.5,796.9],\"text\":\"—\"}],\"order\":18,\"text\":\"—\"},{\"bbox\":[1767.0,743.7,1806.4,786.9],\"lines\":[{\"bbox\":[1767.0,743.7,1806.4,786.9],\"text\":\"—\"}],\"order\":19,\"text\":\"—\"},{\"bbox\":[1970.9,733.7,2010.4,777.0],\"lines\":[{\"bbox\":[1970.9,733.7,2010.4,777.0],\"text\":\"—\"}],\"order\":20,\"text\":\"—\"},{\"bbox\":[2050.0,726.4,2160.1,773.1],\"lines\":[{\"bbox\":[2050.0,726.4,2160.1,773.1],\"text\":\"Barrels\"}],\"order\":21,\"text\":\"Barrels\"},{\"bbox\":[180.0,855.9,701.1,922.7],\"lines\":[{\"bbox\":[180.0,855.9,701.1,922.7],\"text\":\"Forward crude oil contracts - short\"}],\"order\":22,\"text\":\"Forward crude oil contracts - short\"},{\"bbox\":[1073.7,831.7,1197.5,879.1],\"lines\":[{\"bbox\":[1073.7,831.7,1197.5,879.1],\"text\":\"276,751\"}],\"order\":23,\"text\":\"276,751\"},{\"bbox\":[1277.7,821.8,1401.4,869.2],\"lines\":[{\"bbox\":[1277.7,821.8,1401.4,869.2],\"text\":\"276,751\"}],\"order\":24,\"text\":\"276,751\"},{\"bbox\":[1565.9,811.9,1605.3,855.1],\"lines\":[{\"bbox\":[1565.9,811.9,1605.3,855.1],\"text\":\"—\"}],\"order\":25,\"text\":\"—\"},{\"bbox\":[1769.8,801.9,1809.3,845.2],\"lines\":[{\"bbox\":[1769.8,801.9,1809.3,845.2],\"text\":\"—\"}],\"order\":26,\"text\":\"—\"},{\"bbox\":[1973.7,792.0,2013.2,835.3],\"lines\":[{\"bbox\":[1973.7,792.0,2013.2,835.3],\"text\":\"—\"}],\"order\":27,\"text\":\"—\"},{\"bbox\":[2052.8,784.7,2163.0,831.4],\"lines\":[{\"bbox\":[2052.8,784.7,2163.0,831.4],\"text\":\"Barrels\"}],\"order\":28,\"text\":\"Barrels\"},{\"bbox\":[169.9,655.8,528.7,714.7],\"lines\":[{\"bbox\":[169.9,655.8,528.7,714.7],\"text\":\"Derivative Instrument\"}],\"order\":29,\"text\":\"Derivative Instrument\"},{\"bbox\":[174.3,742.6,630.9,806.2],\"lines\":[{\"bbox\":[174.3,742.6,630.9,806.2],\"text\":\"Natural gas price swaps - long\"}],\"order\":30,\"text\":\"Natural gas price swaps - long\"},{\"bbox\":[173.0,890.4,2324.9,1340.2],\"lines\":[{\"bbox\":[173.0,979.3,486.2,1040.6],\"text\":\"Economic Hedges\"},{\"bbox\":[175.5,940.4,2312.8,1090.5],\"text\":\"We also have commodity forward contracts and NYMEX futures contracts to lock in prices on forecasted purchases of inventory.\"},{\"bbox\":[177.9,990.3,2315.1,1140.5],\"text\":\"In addition, we periodically have swap contracts that serve as economic hedges (derivatives used for risk management, but not\"},{\"bbox\":[180.3,1040.2,2317.5,1190.4],\"text\":\"designated as accounting hedges) to lock in basis spread differentials on forecasted purchases of crude oil and natural gas.\"},{\"bbox\":[182.8,1090.2,2320.0,1240.3],\"text\":\"Furthermore, we had Canadian currency swap contracts that effectively fixed the conversion rate on $1.125 billion Canadian dollars\"},{\"bbox\":[185.2,1140.1,2322.5,1290.3],\"text\":\"(the PCLI purchase price), which were settled on February 1, 2017, in connection with the closing of the PCLI acquisition. These\"},{\"bbox\":[187.6,1207.9,1959.6,1340.2],\"text\":\"contracts are measured at fair value with offsetting adjustments (gains/losses) recorded directly to income.\"}],\"order\":31,\"text\":\"Economic Hedges\\nWe also have commodity forward contracts and NYMEX futures contracts to lock in prices on forecasted purchases of inventory.\\nIn addition, we periodically have swap contracts that serve as economic hedges (derivatives used for risk management, but not\\ndesignated as accounting hedges) to lock in basis spread differentials on forecasted purchases of crude oil and natural gas.\\nFurthermore, we had Canadian currency swap contracts that effectively fixed the conversion rate on $1.125 billion Canadian dollars\\n(the PCLI purchase price), which were settled on February 1, 2017, in connection with the closing of the PCLI acquisition. These\\ncontracts are measured at fair value with offsetting adjustments (gains/losses) recorded directly to income.\"},{\"bbox\":[192.5,1291.0,2307.7,1440.1],\"lines\":[{\"bbox\":[192.5,1291.0,2307.7,1440.1],\"text\":\"The following table presents the pre-tax effect on income due to maturities and fair value adjustments of our economic hedges:\"}],\"order\":32,\"text\":\"The following table presents the pre-tax effect on income due to maturities and fair value adjustments of our economic hedges:\"},{\"bbox\":[1652.7,1393.4,2085.1,1455.8],\"lines\":[{\"bbox\":[1652.7,1393.4,2085.1,1455.8],\"text\":\"Years Ended December 31,\"}],\"order\":33,\"text\":\"Years Ended December 31,\"},{\"bbox\":[208.3,1510.0,976.2,1588.8],\"lines\":[{\"bbox\":[208.3,1510.0,976.2,1588.8],\"text\":\"Location of Gain (Loss) Recognized in Earnings\"}],\"order\":34,\"text\":\"Location of Gain (Loss) Recognized in Earnings\"},{\"bbox\":[1517.2,1479.9,1594.1,1525.0],\"lines\":[{\"bbox\":[1517.2,1479.9,1594.1,1525.0],\"text\":\"2017\"}],\"order\":35,\"text\":\"2017\"},{\"bbox\":[213.2,1631.6,534.6,1688.7],\"lines\":[{\"bbox\":[213.2,1631.6,534.6,1688.7],\"text\":\"Cost of products sold\"}],\"order\":36,\"text\":\"Cost of products sold\"},{\"bbox\":[1428.4,1587.0,1449.2,1629.4],\"lines\":[{\"bbox\":[1428.4,1587.0,1449.2,1629.4],\"text\":\"$\"}],\"order\":37,\"text\":\"$\"},{\"bbox\":[1575.1,1574.6,1705.1,1622.3],\"lines\":[{\"bbox\":[1575.1,1574.6,1705.1,1622.3],\"text\":\"(12,327)\"}],\"order\":38,\"text\":\"(12,327)\"},{\"bbox\":[1739.8,1459.3,2021.4,1614.0],\"lines\":[{\"bbox\":[1833.5,1464.5,1910.4,1509.6],\"text\":\"2016\"},{\"bbox\":[1765.8,1515.8,1983.2,1567.7],\"text\":\"(In thousands)\"},{\"bbox\":[1744.7,1571.6,1765.5,1614.0],\"text\":\"$\"},{\"bbox\":[1910.1,1559.2,2021.4,1605.9],\"text\":\"(6,889)\"}],\"order\":39,\"text\":\"2016\\n(In thousands)\\n$\\n(6,889)\"},{\"bbox\":[2149.8,1449.1,2226.7,1494.2],\"lines\":[{\"bbox\":[2149.8,1449.1,2226.7,1494.2],\"text\":\"2015\"}],\"order\":40,\"text\":\"2015\"},{\"bbox\":[2061.0,1556.2,2081.7,1598.6],\"lines\":[{\"bbox\":[2061.0,1556.2,2081.7,1598.6],\"text\":\"$\"}],\"order\":41,\"text\":\"$\"},{\"bbox\":[2220.2,1544.3,2325.2,1590.8],\"lines\":[{\"bbox\":[2220.2,1544.3,2325.2,1590.8],\"text\":\"48,082\"}],\"order\":42,\"text\":\"48,082\"},{\"bbox\":[216.0,1691.1,512.4,1746.9],\"lines\":[{\"bbox\":[216.0,1691.1,512.4,1746.9],\"text\":\"Operating expenses\"}],\"order\":43,\"text\":\"Operating expenses\"},{\"bbox\":[1596.7,1632.8,1707.9,1679.6],\"lines\":[{\"bbox\":[1596.7,1632.8,1707.9,1679.6],\"text\":\"(6,697)\"}],\"order\":44,\"text\":\"(6,697)\"},{\"bbox\":[1925.5,1618.0,2011.8,1663.6],\"lines\":[{\"bbox\":[1925.5,1618.0,2011.8,1663.6],\"text\":\"7,276\"}],\"order\":45,\"text\":\"7,276\"},{\"bbox\":[2210.5,1602.0,2340.5,1649.7],\"lines\":[{\"bbox\":[2210.5,1602.0,2340.5,1649.7],\"text\":\"(12,003)\"}],\"order\":46,\"text\":\"(12,003)\"},{\"bbox\":[218.9,1736.6,777.4,1805.2],\"lines\":[{\"bbox\":[218.9,1736.6,777.4,1805.2],\"text\":\"Gain (loss) on foreign currency swap\"}],\"order\":47,\"text\":\"Gain (loss) on foreign currency swap\"},{\"bbox\":[1593.3,1691.7,1698.3,1738.2],\"lines\":[{\"bbox\":[1593.3,1691.7,1698.3,1738.2],\"text\":\"24,545\"}],\"order\":48,\"text\":\"24,545\"},{\"bbox\":[1915.8,1675.7,2027.1,1722.5],\"lines\":[{\"bbox\":[1915.8,1675.7,2027.1,1722.5],\"text\":\"(6,520)\"}],\"order\":49,\"text\":\"(6,520)\"},{\"bbox\":[2291.4,1660.9,2330.9,1704.2],\"lines\":[{\"bbox\":[2291.4,1660.9,2330.9,1704.2],\"text\":\"—\"}],\"order\":50,\"text\":\"—\"},{\"bbox\":[246.7,1817.1,325.2,1862.2],\"lines\":[{\"bbox\":[246.7,1817.1,325.2,1862.2],\"text\":\"Total\"}],\"order\":51,\"text\":\"Total\"},{\"bbox\":[1436.9,1761.8,1457.7,1804.2],\"lines\":[{\"bbox\":[1436.9,1761.8,1457.7,1804.2],\"text\":\"$\"}],\"order\":52,\"text\":\"$\"},{\"bbox\":[1614.8,1750.0,1701.1,1795.5],\"lines\":[{\"bbox\":[1614.8,1750.0,1701.1,1795.5],\"text\":\"5,521\"}],\"order\":53,\"text\":\"5,521\"},{\"bbox\":[1753.2,1746.4,1774.0,1788.8],\"lines\":[{\"bbox\":[1753.2,1746.4,1774.0,1788.8],\"text\":\"$\"}],\"order\":54,\"text\":\"$\"},{\"bbox\":[1918.7,1733.9,2029.9,1780.7],\"lines\":[{\"bbox\":[1918.7,1733.9,2029.9,1780.7],\"text\":\"(6,133)\"}],\"order\":55,\"text\":\"(6,133)\"},{\"bbox\":[2069.5,1731.0,2090.3,1773.4],\"lines\":[{\"bbox\":[2069.5,1731.0,2090.3,1773.4],\"text\":\"$\"}],\"order\":56,\"text\":\"$\"},{\"bbox\":[2228.7,1719.1,2333.7,1765.6],\"lines\":[{\"bbox\":[2228.7,1719.1,2333.7,1765.6],\"text\":\"36,079\"}],\"order\":57,\"text\":\"36,079\"},{\"bbox\":[218.9,1831.0,2358.6,2031.1],\"lines\":[{\"bbox\":[218.9,1831.0,2356.1,1981.1],\"text\":\"As of December 31, 2017, we have the following notional contract volumes related to our outstanding derivative contracts serving\"},{\"bbox\":[221.3,1949.8,944.7,2031.1],\"text\":\"as economic hedges (all maturing in 2018):\"}],\"order\":58,\"text\":\"As of December 31, 2017, we have the following notional contract volumes related to our outstanding derivative contracts serving\\nas economic hedges (all maturing in 2018):\"},{\"bbox\":[1619.3,1990.5,1824.8,2116.6],\"lines\":[{\"bbox\":[1678.4,1993.3,1764.1,2038.8],\"text\":\"Total\"},{\"bbox\":[1621.2,2028.0,1823.0,2079.2],\"text\":\"Outstanding\"},{\"bbox\":[1654.2,2066.9,1793.6,2115.1],\"text\":\"Notional\"}],\"order\":59,\"text\":\"Total\\nOutstanding\\nNotional\"},{\"bbox\":[482.7,2109.0,841.5,2167.8],\"lines\":[{\"bbox\":[482.7,2109.0,841.5,2167.8],\"text\":\"Derivative Instrument\"}],\"order\":60,\"text\":\"Derivative Instrument\"},{\"bbox\":[487.1,2195.4,951.0,2259.3],\"lines\":[{\"bbox\":[487.1,2195.4,951.0,2259.3],\"text\":\"NYMEX futures (WTI) - short\"}],\"order\":61,\"text\":\"NYMEX futures (WTI) - short\"},{\"bbox\":[490.0,2243.8,1155.7,2317.6],\"lines\":[{\"bbox\":[490.0,2243.8,1155.7,2317.6],\"text\":\"Forward gasoline and diesel contracts - long\"}],\"order\":62,\"text\":\"Forward gasoline and diesel contracts - long\"},{\"bbox\":[1917.9,2012.1,2060.4,2097.8],\"lines\":[{\"bbox\":[1931.6,2012.7,2045.0,2059.6],\"text\":\"Unit of\"},{\"bbox\":[1919.7,2049.5,2060.4,2097.8],\"text\":\"Measure\"}],\"order\":63,\"text\":\"Unit of\\nMeasure\"},{\"bbox\":[1689.9,2151.9,1841.7,2200.7],\"lines\":[{\"bbox\":[1689.9,2151.9,1841.7,2200.7],\"text\":\"1,175,000\"}],\"order\":64,\"text\":\"1,175,000\"},{\"bbox\":[1881.3,2144.6,1991.5,2191.4],\"lines\":[{\"bbox\":[1881.3,2144.6,1991.5,2191.4],\"text\":\"Barrels\"}],\"order\":65,\"text\":\"Barrels\"},{\"bbox\":[1739.5,2210.2,1844.6,2256.7],\"lines\":[{\"bbox\":[1739.5,2210.2,1844.6,2256.7],\"text\":\"85,000\"}],\"order\":66,\"text\":\"85,000\"},{\"bbox\":[1884.2,2202.9,1994.3,2249.6],\"lines\":[{\"bbox\":[1884.2,2202.9,1994.3,2249.6],\"text\":\"Barrels\"}],\"order\":67,\"text\":\"Barrels\"},{\"bbox\":[241.6,2297.1,2383.8,2547.1],\"lines\":[{\"bbox\":[241.6,2374.6,788.4,2447.2],\"text\":\"Interest Rate Risk Management\"},{\"bbox\":[244.0,2347.0,2381.4,2497.2],\"text\":\"HEP used interest rate swaps to manage its exposure to interest rate risk. These swap contracts, which matured in July 2017, had\"},{\"bbox\":[246.5,2470.9,868.1,2547.1],\"text\":\"been designated as cash flow hedges.\"}],\"order\":68,\"text\":\"Interest Rate Risk Management\\nHEP used interest rate swaps to manage its exposure to interest rate risk. These swap contracts, which matured in July 2017, had\\nbeen designated as cash flow hedges.\"},{\"bbox\":[1328.0,3121.0,1367.5,3164.3],\"lines\":[{\"bbox\":[1328.0,3121.0,1367.5,3164.3],\"text\":\"83\"}],\"order\":69,\"text\":\"83\"}],\"doc\":\"fintabnet:HFC_2017\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"HOLLYFRONTIER CORPORATION\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\nContinued\\n\\nAs of December 31, 2017, we have the following notional contract volumes related to outstanding derivative instruments serving\\nas cash flow hedges against price risk on forecasted transactions:\\n\\nNotional Contract Volumes by Year of Maturity\\n\\nTotal\\nOutstanding\\nNotional\\n\\n2018\\n\\n2019\\n\\n2020\\n\\n2021\\n\\nUnit of\\nMeasure\\n\\n7,200,000\\n\\n1,800,000\\n\\n1,800,000\\n\\n1,800,000\\n\\n1,800,000\\n\\nMMBTU\\n\\nForward gasoline and diesel contracts - short\\n\\n250,000\\n\\n250,000\\n\\n—\\n\\n—\\n\\n—\\n\\nBarrels\\n\\nForward crude oil contracts - short\\n\\n276,751\\n\\n276,751\\n\\n—\\n\\n—\\n\\n—\\n\\nBarrels\\n\\nDerivative Instrument\\n\\nNatural gas price swaps - long\\n\\nEconomic Hedges\\nWe also have commodity forward contracts and NYMEX futures contracts to lock in prices on forecasted purchases of inventory.\\nIn addition, we periodically have swap contracts that serve as economic hedges (derivatives used for risk management, but not\\ndesignated as accounting hedges) to lock in basis spread differentials on forecasted purchases of crude oil and natural gas.\\nFurthermore, we had Canadian currency swap contracts that effectively fixed the conversion rate on $1.125 billion Canadian dollars\\n(the PCLI purchase price), which were settled on February 1, 2017, in connection with the closing of the PCLI acquisition. These\\ncontracts are measured at fair value with offsetting adjustments (gains/losses) recorded directly to income.\\n\\nThe following table presents the pre-tax effect on income due to maturities and fair value adjustments of our economic hedges:\\n\\nYears Ended December 31,\\n\\nLocation of Gain (Loss) Recognized in Earnings\\n\\n2017\\n\\nCost of products sold\\n\\n$\\n\\n(12,327)\\n\\n2016\\n(In thousands)\\n$\\n(6,889)\\n\\n2015\\n\\n$\\n\\n48,082\\n\\nOperating expenses\\n\\n(6,697)\\n\\n7,276\\n\\n(12,003)\\n\\nGain (loss) on foreign currency swap\\n\\n24,545\\n\\n(6,520)\\n\\n—\\n\\nTotal\\n\\n$\\n\\n5,521\\n\\n$\\n\\n(6,133)\\n\\n$\\n\\n36,079\\n\\nAs of December 31, 2017, we have the following notional contract volumes related to our outstanding derivative contracts serving\\nas economic hedges (all maturing in 2018):\\n\\nTotal\\nOutstanding\\nNotional\\n\\nDerivative Instrument\\n\\nNYMEX futures (WTI) - short\\n\\nForward gasoline and diesel contracts - long\\n\\nUnit of\\nMeasure\\n\\n1,175,000\\n\\nBarrels\\n\\n85,000\\n\\nBarrels\\n\\nInterest Rate Risk Management\\nHEP used interest rate swaps to manage its exposure to interest rate risk. These swap contracts, which matured in July 2017, had\\nbeen designated as cash flow hedges.\\n\\n83\",\"name\":\"fintabnet.HFC_2017_page_91__300dpi_heavy\",\"page_id\":\"fintabnet.HFC_2017_page_91\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.791,\"source\":\"fintabnet\",\"source_id\":\"HFC_2017_page_91\",\"stack\":[{\"deg\":2.791,\"op\":\"skew\"},{\"amp\":0.212,\"angle\":273.5,\"blob\":0.456,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.462},{\"op\":\"noise\",\"sigma\":11.045},{\"gain\":0.525,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":33}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[163.8,449.2,2215.6,922.7],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30],\"cells\":null},{\"bbox\":[479.2,1979.0,2067.7,2317.6],\"block_orders\":[59,60,61,62,63,64,65,66,67],\"cells\":null}],\"text\":\"HOLLYFRONTIER CORPORATION\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\nContinued\\n\\nAs of December 31, 2017, we have the following notional contract volumes related to outstanding derivative instruments serving\\nas cash flow hedges against price risk on forecasted transactions:\\n\\nNotional Contract Volumes by Year of Maturity\\n\\nTotal\\nOutstanding\\nNotional\\n\\n2018\\n\\n2019\\n\\n2020\\n\\n2021\\n\\nUnit of\\nMeasure\\n\\n7,200,000\\n\\n1,800,000\\n\\n1,800,000\\n\\n1,800,000\\n\\n1,800,000\\n\\nMMBTU\\n\\nForward gasoline and diesel contracts - short\\n\\n250,000\\n\\n250,000\\n\\n—\\n\\n—\\n\\n—\\n\\nBarrels\\n\\nForward crude oil contracts - short\\n\\n276,751\\n\\n276,751\\n\\n—\\n\\n—\\n\\n—\\n\\nBarrels\\n\\nDerivative Instrument\\n\\nNatural gas price swaps - long\\n\\nEconomic Hedges\\nWe also have commodity forward contracts and NYMEX futures contracts to lock in prices on forecasted purchases of inventory.\\nIn addition, we periodically have swap contracts that serve as economic hedges (derivatives used for risk management, but not\\ndesignated as accounting hedges) to lock in basis spread differentials on forecasted purchases of crude oil and natural gas.\\nFurthermore, we had Canadian currency swap contracts that effectively fixed the conversion rate on $1.125 billion Canadian dollars\\n(the PCLI purchase price), which were settled on February 1, 2017, in connection with the closing of the PCLI acquisition. These\\ncontracts are measured at fair value with offsetting adjustments (gains/losses) recorded directly to income.\\n\\nThe following table presents the pre-tax effect on income due to maturities and fair value adjustments of our economic hedges:\\n\\nYears Ended December 31,\\n\\nLocation of Gain (Loss) Recognized in Earnings\\n\\n2017\\n\\nCost of products sold\\n\\n$\\n\\n(12,327)\\n\\n2016\\n(In thousands)\\n$\\n(6,889)\\n\\n2015\\n\\n$\\n\\n48,082\\n\\nOperating expenses\\n\\n(6,697)\\n\\n7,276\\n\\n(12,003)\\n\\nGain (loss) on foreign currency swap\\n\\n24,545\\n\\n(6,520)\\n\\n—\\n\\nTotal\\n\\n$\\n\\n5,521\\n\\n$\\n\\n(6,133)\\n\\n$\\n\\n36,079\\n\\nAs of December 31, 2017, we have the following notional contract volumes related to our outstanding derivative contracts serving\\nas economic hedges (all maturing in 2018):\\n\\nTotal\\nOutstanding\\nNotional\\n\\nDerivative Instrument\\n\\nNYMEX futures (WTI) - short\\n\\nForward gasoline and diesel contracts - long\\n\\nUnit of\\nMeasure\\n\\n1,175,000\\n\\nBarrels\\n\\n85,000\\n\\nBarrels\\n\\nInterest Rate Risk Management\\nHEP used interest rate swaps to manage its exposure to interest rate risk. 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HFC_2018_page_104\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HFC_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[231.0,32.5,594.0,84.3],\"lines\":[{\"bbox\":[297.3,32.5,527.7,51.0],\"text\":\"HOLLYFRONTIER CORPORATION\"},{\"bbox\":[231.0,49.1,594.0,67.6],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[381.2,65.8,443.7,84.3],\"text\":\"Continued\"}],\"order\":0,\"text\":\"HOLLYFRONTIER CORPORATION\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\nContinued\"},{\"bbox\":[57.0,98.4,253.5,117.0],\"lines\":[{\"bbox\":[57.0,98.4,253.5,117.0],\"text\":\"NOTE 18: Lease Commitments\"}],\"order\":1,\"text\":\"NOTE 18: Lease Commitments\"},{\"bbox\":[57.0,132.0,768.1,183.6],\"lines\":[{\"bbox\":[57.0,132.0,768.1,150.3],\"text\":\"We lease certain office and storage facilities, rail cars and other equipment under long-term operating leases, most of which contain\"},{\"bbox\":[57.0,148.7,768.1,167.0],\"text\":\"renewal options. At December 31, 2018, the minimum future rental commitments under operating leases having non-cancellable\"},{\"bbox\":[57.0,165.4,323.5,183.6],\"text\":\"lease terms in excess of one year are as follows:\"}],\"order\":2,\"text\":\"We lease certain office and storage facilities, rail cars and other equipment under long-term operating leases, most of which contain\\nrenewal options. At December 31, 2018, the minimum future rental commitments under operating leases having non-cancellable\\nlease terms in excess of one year are as follows:\"},{\"bbox\":[231.3,209.7,289.1,336.3],\"lines\":[{\"bbox\":[231.3,209.7,259.1,228.0],\"text\":\"2019\"},{\"bbox\":[231.3,227.8,259.1,246.0],\"text\":\"2020\"},{\"bbox\":[231.3,245.8,259.1,264.1],\"text\":\"2021\"},{\"bbox\":[231.3,263.9,259.1,282.1],\"text\":\"2022\"},{\"bbox\":[231.3,281.9,259.1,300.2],\"text\":\"2023\"},{\"bbox\":[231.3,300.0,289.1,318.2],\"text\":\"Thereafter\"},{\"bbox\":[231.3,318.1,259.6,336.3],\"text\":\"Total\"}],\"order\":3,\"text\":\"2019\\n2020\\n2021\\n2022\\n2023\\nThereafter\\nTotal\"},{\"bbox\":[497.9,209.7,504.9,228.0],\"lines\":[{\"bbox\":[497.9,209.7,504.9,228.0],\"text\":\"$\"}],\"order\":4,\"text\":\"$\"},{\"bbox\":[497.9,318.1,504.9,336.3],\"lines\":[{\"bbox\":[497.9,318.1,504.9,336.3],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[509.9,193.5,581.8,209.9],\"lines\":[{\"bbox\":[509.9,193.5,581.8,209.9],\"text\":\"(In thousands)\"}],\"order\":6,\"text\":\"(In thousands)\"},{\"bbox\":[548.2,209.7,593.3,336.3],\"lines\":[{\"bbox\":[548.2,209.7,593.3,228.0],\"text\":\"104,362\"},{\"bbox\":[555.1,227.8,593.3,246.0],\"text\":\"92,491\"},{\"bbox\":[555.1,245.8,593.3,264.1],\"text\":\"84,581\"},{\"bbox\":[555.1,263.9,593.3,282.1],\"text\":\"70,874\"},{\"bbox\":[555.1,281.9,593.3,300.2],\"text\":\"61,063\"},{\"bbox\":[555.1,300.0,593.3,318.2],\"text\":\"88,206\"},{\"bbox\":[548.2,318.1,593.3,336.3],\"text\":\"501,577\"}],\"order\":7,\"text\":\"104,362\\n92,491\\n84,581\\n70,874\\n61,063\\n88,206\\n501,577\"},{\"bbox\":[57.0,355.6,768.1,390.6],\"lines\":[{\"bbox\":[57.0,355.6,768.1,373.9],\"text\":\"Rental expense charged to operations was $84.1 million, $95.7 million and $93.2 million for the years ended December 31, 2018,\"},{\"bbox\":[57.0,372.3,216.1,390.6],\"text\":\"2017 and 2016, respectively.\"}],\"order\":8,\"text\":\"Rental expense charged to operations was $84.1 million, $95.7 million and $93.2 million for the years ended December 31, 2018,\\n2017 and 2016, respectively.\"},{\"bbox\":[57.0,422.1,403.9,440.6],\"lines\":[{\"bbox\":[57.0,422.1,403.9,440.6],\"text\":\"NOTE 19: Contingencies and Contractual Commitments\"}],\"order\":9,\"text\":\"NOTE 19: Contingencies and Contractual Commitments\"},{\"bbox\":[57.0,455.6,768.1,490.6],\"lines\":[{\"bbox\":[57.0,455.6,768.1,473.9],\"text\":\"We are a party to various litigation and legal proceedings which we believe, based on advice of counsel, will not either individually\"},{\"bbox\":[57.0,472.3,688.4,490.6],\"text\":\"or in the aggregate have a materially adverse effect on our financial condition, results of operations or cash flows.\"}],\"order\":10,\"text\":\"We are a party to various litigation and legal proceedings which we believe, based on advice of counsel, will not either individually\\nor in the aggregate have a materially adverse effect on our financial condition, results of operations or cash flows.\"},{\"bbox\":[57.0,505.6,768.1,573.9],\"lines\":[{\"bbox\":[57.0,505.6,768.1,523.9],\"text\":\"We have made claims with our insurance providers for a business interruption related to a fire at our Woods Cross Refinery that\"},{\"bbox\":[57.0,522.3,768.1,540.6],\"text\":\"occurred during 2018. These claims are currently being evaluated by our insurance providers. We account for business interruption\"},{\"bbox\":[57.0,539.0,768.1,557.2],\"text\":\"insurance recoveries as a gain contingency and only recognize such recoveries upon resolution of the claims with insurance\"},{\"bbox\":[57.0,555.6,563.0,573.9],\"text\":\"providers. No amounts have been recognized to date for these business interruption claims.\"}],\"order\":11,\"text\":\"We have made claims with our insurance providers for a business interruption related to a fire at our Woods Cross Refinery that\\noccurred during 2018. These claims are currently being evaluated by our insurance providers. We account for business interruption\\ninsurance recoveries as a gain contingency and only recognize such recoveries upon resolution of the claims with insurance\\nproviders. No amounts have been recognized to date for these business interruption claims.\"},{\"bbox\":[57.0,588.6,768.1,657.2],\"lines\":[{\"bbox\":[57.0,588.6,208.6,607.2],\"text\":\"Contractual Commitments\"},{\"bbox\":[57.0,605.6,768.1,623.9],\"text\":\"We have various long-term agreements (entered in the normal course of business) to purchase crude oil, natural gas, feedstocks\"},{\"bbox\":[57.0,622.3,768.1,640.6],\"text\":\"and other resources to ensure we have adequate supplies to operate our refineries. The substantial majority of our purchase\"},{\"bbox\":[57.0,639.0,573.5,657.2],\"text\":\"obligations are based on market prices or rates. These contracts expire in 2019 through 2025.\"}],\"order\":12,\"text\":\"Contractual Commitments\\nWe have various long-term agreements (entered in the normal course of business) to purchase crude oil, natural gas, feedstocks\\nand other resources to ensure we have adequate supplies to operate our refineries. The substantial majority of our purchase\\nobligations are based on market prices or rates. These contracts expire in 2019 through 2025.\"},{\"bbox\":[57.0,672.3,768.1,723.9],\"lines\":[{\"bbox\":[57.0,672.3,768.1,690.6],\"text\":\"We also have long-term agreements with third parties for the transportation and storage of crude oil, natural gas and feedstocks\"},{\"bbox\":[57.0,689.0,768.1,707.2],\"text\":\"to our refineries and for terminal and storage services that expire in 2019 through 2039. At December 31, 2018, the minimum\"},{\"bbox\":[57.0,705.6,726.1,723.9],\"text\":\"future transportation and storage fees under transportation agreements having terms in excess of one year are as follows:\"}],\"order\":13,\"text\":\"We also have long-term agreements with third parties for the transportation and storage of crude oil, natural gas and feedstocks\\nto our refineries and for terminal and storage services that expire in 2019 through 2039. At December 31, 2018, the minimum\\nfuture transportation and storage fees under transportation agreements having terms in excess of one year are as follows:\"},{\"bbox\":[509.9,736.3,581.8,752.7],\"lines\":[{\"bbox\":[509.9,736.3,581.8,752.7],\"text\":\"(In thousands)\"}],\"order\":14,\"text\":\"(In thousands)\"},{\"bbox\":[231.3,755.4,289.1,898.7],\"lines\":[{\"bbox\":[231.3,755.4,259.1,773.7],\"text\":\"2019\"},{\"bbox\":[231.3,776.2,259.1,794.5],\"text\":\"2020\"},{\"bbox\":[231.3,797.1,259.1,815.3],\"text\":\"2021\"},{\"bbox\":[231.3,817.9,259.1,836.2],\"text\":\"2022\"},{\"bbox\":[231.3,838.7,259.1,857.0],\"text\":\"2023\"},{\"bbox\":[231.3,859.6,289.1,877.8],\"text\":\"Thereafter\"},{\"bbox\":[231.3,880.4,259.6,898.7],\"text\":\"Total\"}],\"order\":15,\"text\":\"2019\\n2020\\n2021\\n2022\\n2023\\nThereafter\\nTotal\"},{\"bbox\":[497.9,755.4,504.9,773.7],\"lines\":[{\"bbox\":[497.9,755.4,504.9,773.7],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[497.9,880.4,504.9,898.7],\"lines\":[{\"bbox\":[497.9,880.4,504.9,898.7],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[537.7,755.4,593.3,898.7],\"lines\":[{\"bbox\":[548.2,755.4,593.3,773.7],\"text\":\"144,756\"},{\"bbox\":[548.2,776.2,593.3,794.5],\"text\":\"138,893\"},{\"bbox\":[548.2,797.1,593.3,815.3],\"text\":\"123,322\"},{\"bbox\":[548.2,817.9,593.3,836.2],\"text\":\"109,083\"},{\"bbox\":[548.2,838.7,593.3,857.0],\"text\":\"110,416\"},{\"bbox\":[548.2,859.6,593.3,877.8],\"text\":\"784,817\"},{\"bbox\":[537.7,880.4,593.3,898.7],\"text\":\"1,411,287\"}],\"order\":18,\"text\":\"144,756\\n138,893\\n123,322\\n109,083\\n110,416\\n784,817\\n1,411,287\"},{\"bbox\":[57.0,919.5,768.1,987.8],\"lines\":[{\"bbox\":[57.0,919.5,768.1,937.8],\"text\":\"Transportation and storage costs incurred under these agreements totaled $143.3 million, $140.5 million and $135.1 million for\"},{\"bbox\":[57.0,936.2,768.1,954.5],\"text\":\"the years ended December 31, 2018, 2017 and 2016, respectively. These amounts do not include contractual commitments under\"},{\"bbox\":[57.0,952.9,768.1,971.1],\"text\":\"our long-term transportation agreements with HEP, as all transactions with HEP are eliminated in these consolidated financial\"},{\"bbox\":[57.0,969.5,119.1,987.8],\"text\":\"statements.\"}],\"order\":19,\"text\":\"Transportation and storage costs incurred under these agreements totaled $143.3 million, $140.5 million and $135.1 million for\\nthe years ended December 31, 2018, 2017 and 2016, respectively. These amounts do not include contractual commitments under\\nour long-term transportation agreements with HEP, as all transactions with HEP are eliminated in these consolidated financial\\nstatements.\"},{\"bbox\":[406.3,1043.1,418.8,1059.5],\"lines\":[{\"bbox\":[406.3,1043.1,418.8,1059.5],\"text\":\"96\"}],\"order\":20,\"text\":\"96\"}],\"doc\":\"fintabnet:HFC_2018\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"HOLLYFRONTIER CORPORATION\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\nContinued\\n\\nNOTE 18: Lease Commitments\\n\\nWe lease certain office and storage facilities, rail cars and other equipment under long-term operating leases, most of which contain\\nrenewal options. At December 31, 2018, the minimum future rental commitments under operating leases having non-cancellable\\nlease terms in excess of one year are as follows:\\n\\n2019\\n2020\\n2021\\n2022\\n2023\\nThereafter\\nTotal\\n\\n$\\n\\n$\\n\\n(In thousands)\\n\\n104,362\\n92,491\\n84,581\\n70,874\\n61,063\\n88,206\\n501,577\\n\\nRental expense charged to operations was $84.1 million, $95.7 million and $93.2 million for the years ended December 31, 2018,\\n2017 and 2016, respectively.\\n\\nNOTE 19: Contingencies and Contractual Commitments\\n\\nWe are a party to various litigation and legal proceedings which we believe, based on advice of counsel, will not either individually\\nor in the aggregate have a materially adverse effect on our financial condition, results of operations or cash flows.\\n\\nWe have made claims with our insurance providers for a business interruption related to a fire at our Woods Cross Refinery that\\noccurred during 2018. These claims are currently being evaluated by our insurance providers. We account for business interruption\\ninsurance recoveries as a gain contingency and only recognize such recoveries upon resolution of the claims with insurance\\nproviders. No amounts have been recognized to date for these business interruption claims.\\n\\nContractual Commitments\\nWe have various long-term agreements (entered in the normal course of business) to purchase crude oil, natural gas, feedstocks\\nand other resources to ensure we have adequate supplies to operate our refineries. The substantial majority of our purchase\\nobligations are based on market prices or rates. These contracts expire in 2019 through 2025.\\n\\nWe also have long-term agreements with third parties for the transportation and storage of crude oil, natural gas and feedstocks\\nto our refineries and for terminal and storage services that expire in 2019 through 2039. At December 31, 2018, the minimum\\nfuture transportation and storage fees under transportation agreements having terms in excess of one year are as follows:\\n\\n(In thousands)\\n\\n2019\\n2020\\n2021\\n2022\\n2023\\nThereafter\\nTotal\\n\\n$\\n\\n$\\n\\n144,756\\n138,893\\n123,322\\n109,083\\n110,416\\n784,817\\n1,411,287\\n\\nTransportation and storage costs incurred under these agreements totaled $143.3 million, $140.5 million and $135.1 million for\\nthe years ended December 31, 2018, 2017 and 2016, respectively. These amounts do not include contractual commitments under\\nour long-term transportation agreements with HEP, as all transactions with HEP are eliminated in these consolidated financial\\nstatements.\\n\\n96\",\"name\":\"fintabnet.HFC_2018_page_104__100dpi_medium\",\"page_id\":\"fintabnet.HFC_2018_page_104\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"HFC_2018_page_104\",\"stack\":[{\"amp\":0.083,\"angle\":245.0,\"blob\":0.676,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.826},{\"op\":\"noise\",\"sigma\":6.339},{\"op\":\"jpeg\",\"q\":67}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[231.3,737.7,593.3,897.4],\"block_orders\":[14,15,16,17,18],\"cells\":null}],\"text\":\"HOLLYFRONTIER CORPORATION\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\nContinued\\n\\nNOTE 18: Lease Commitments\\n\\nWe lease certain office and storage facilities, rail cars and other equipment under long-term operating leases, most of which contain\\nrenewal options. At December 31, 2018, the minimum future rental commitments under operating leases having non-cancellable\\nlease terms in excess of one year are as follows:\\n\\n2019\\n2020\\n2021\\n2022\\n2023\\nThereafter\\nTotal\\n\\n$\\n\\n$\\n\\n(In thousands)\\n\\n104,362\\n92,491\\n84,581\\n70,874\\n61,063\\n88,206\\n501,577\\n\\nRental expense charged to operations was $84.1 million, $95.7 million and $93.2 million for the years ended December 31, 2018,\\n2017 and 2016, respectively.\\n\\nNOTE 19: Contingencies and Contractual Commitments\\n\\nWe are a party to various litigation and legal proceedings which we believe, based on advice of counsel, will not either individually\\nor in the aggregate have a materially adverse effect on our financial condition, results of operations or cash flows.\\n\\nWe have made claims with our insurance providers for a business interruption related to a fire at our Woods Cross Refinery that\\noccurred during 2018. These claims are currently being evaluated by our insurance providers. We account for business interruption\\ninsurance recoveries as a gain contingency and only recognize such recoveries upon resolution of the claims with insurance\\nproviders. No amounts have been recognized to date for these business interruption claims.\\n\\nContractual Commitments\\nWe have various long-term agreements (entered in the normal course of business) to purchase crude oil, natural gas, feedstocks\\nand other resources to ensure we have adequate supplies to operate our refineries. The substantial majority of our purchase\\nobligations are based on market prices or rates. These contracts expire in 2019 through 2025.\\n\\nWe also have long-term agreements with third parties for the transportation and storage of crude oil, natural gas and feedstocks\\nto our refineries and for terminal and storage services that expire in 2019 through 2039. At December 31, 2018, the minimum\\nfuture transportation and storage fees under transportation agreements having terms in excess of one year are as follows:\\n\\n(In thousands)\\n\\n2019\\n2020\\n2021\\n2022\\n2023\\nThereafter\\nTotal\\n\\n$\\n\\n$\\n\\n144,756\\n138,893\\n123,322\\n109,083\\n110,416\\n784,817\\n1,411,287\\n\\nTransportation and storage costs incurred under these agreements totaled $143.3 million, $140.5 million and $135.1 million for\\nthe years ended December 31, 2018, 2017 and 2016, respectively. These amounts do not include contractual commitments under\\nour long-term transportation agreements with HEP, as all transactions with HEP are eliminated in these consolidated financial\\nstatements.\\n\\n96\"},\"name\":\"fintabnet.HFC_2018_page_104__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":135975,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:HFC_2018\",\"dpi\":100,\"gt_sha256\":\"e33cc18d023a04936f147da4b6482d76aca178693f287e357e6de041ef85597c\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HFC_2018_page_104__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.HFC_2018_page_104\",\"pdf_sha256\":\"257d15343f6baa360a93147970ec9955a6a974ecbd4d73352a11c5b0e253b0b6\",\"px\":[825,1075],\"scan\":{\"render\":\"0fe078007ffe0e300c3078007f007ffe7fc07ffa7ffe08300c300ff07f760000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"HFC_2018_page_104\",\"src\":{\"file_sha256\":\"1b16ecaa89c364e314f937f823466af9563a222fc34626f2d22795857d26bcd2\",\"render\":\"07e000007ffe08700c7070707f007ffe7fe07ffe7ffe08300c300ff07ffe0000\",\"text\":\"a0b03564af35c64dc82e8c9b8d93563c7540639d1aabd2d82460ede963137001\"},\"stack\":[{\"amp\":0.083,\"angle\":245.0,\"blob\":0.676,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.826},{\"op\":\"noise\",\"sigma\":6.339},{\"op\":\"jpeg\",\"q\":67}],\"tools\":\"21647cade0ee\"},\"sha256\":\"257d15343f6baa360a93147970ec9955a6a974ecbd4d73352a11c5b0e253b0b6\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/257d15343f6baa360a93147970ec9955a6a974ecbd4d73352a11c5b0e253b0b6.pdf","asset_sha256":"257d15343f6baa360a93147970ec9955a6a974ecbd4d73352a11c5b0e253b0b6","document_id":"fintabnet:HFC_2018","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HFC_2018_page_104\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(incorporated by reference to Exhibit 10.2 of Holly Energy Partners, L.P.'s Current Report on Form 8-K filed\"},{\"bbox\":[367.6,460.5,910.7,518.0],\"text\":\"June 5, 2009, File No. 1-32225).\"}],\"order\":4,\"text\":\"Amended and Restated Intermediate Pipelines Agreement, dated June 1, 2009, among Holly Corporation, Navajo\\nRefining Company, L.L.C, Holly Energy Partners, L.P., Holly Energy Partners – Operating, L.P., HEP Pipeline, L.L.C.,\\nLovington-Artesia, L.L.C., HEP Logistics Holdings, L.P., Holly Logistics Services, L.L.C. and HEP Logistics GP,\\nL.L.C. (incorporated by reference to Exhibit 10.2 of Holly Energy Partners, L.P.'s Current Report on Form 8-K filed\\nJune 5, 2009, File No. 1-32225).\"},{\"bbox\":[188.0,551.3,261.2,606.4],\"lines\":[{\"bbox\":[188.0,551.3,261.2,606.4],\"text\":\"10.2\"}],\"order\":5,\"text\":\"10.2\"},{\"bbox\":[366.4,552.2,2296.7,783.1],\"lines\":[{\"bbox\":[367.2,552.2,2296.6,616.4],\"text\":\"Amendment to Amended and Restated Intermediate Pipelines Agreement, dated December 9, 2010, among Navajo\"},{\"bbox\":[367.0,593.9,2296.4,658.1],\"text\":\"Refining Company, L.L.C, Holly Energy Partners, L.P., Holly Energy Partners – Operating, L.P., HEP Pipeline, L.L.C.,\"},{\"bbox\":[366.8,635.5,2296.2,699.8],\"text\":\"Lovington-Artesia, L.L.C., HEP Logistics Holdings, L.P., Holly Logistics Services, L.L.C. and HEP Logistics GP,\"},{\"bbox\":[366.6,677.2,2296.1,741.4],\"text\":\"L.L.C. (incorporated by reference to Exhibit 10.4 of Registrant's Annual Report on Form 10-K for its fiscal year ended\"},{\"bbox\":[366.4,718.9,1025.0,776.9],\"text\":\"December 31, 2010, File No. 1-03876).\"}],\"order\":6,\"text\":\"Amendment to Amended and Restated Intermediate Pipelines Agreement, dated December 9, 2010, among Navajo\\nRefining Company, L.L.C, Holly Energy Partners, L.P., Holly Energy Partners – Operating, L.P., HEP Pipeline, L.L.C.,\\nLovington-Artesia, L.L.C., HEP Logistics Holdings, L.P., Holly Logistics Services, L.L.C. and HEP Logistics GP,\\nL.L.C. (incorporated by reference to Exhibit 10.4 of Registrant's Annual Report on Form 10-K for its fiscal year ended\\nDecember 31, 2010, File No. 1-03876).\"},{\"bbox\":[186.7,809.6,259.9,864.8],\"lines\":[{\"bbox\":[186.7,809.6,259.9,864.8],\"text\":\"10.3\"}],\"order\":7,\"text\":\"10.3\"},{\"bbox\":[365.3,810.5,2295.4,999.6],\"lines\":[{\"bbox\":[365.9,810.5,2295.3,874.8],\"text\":\"Assignment and Assumption Agreement (Amended and Restated Intermediate Pipelines Agreement), effective January\"},{\"bbox\":[365.7,852.2,2295.2,916.4],\"text\":\"1, 2011, between Navajo Refining Company, L.L.C. and Holly Refining & Marketing Company LLC (incorporated\"},{\"bbox\":[365.5,893.9,2294.9,958.1],\"text\":\"by reference to Exhibit 10.5 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2010,\"},{\"bbox\":[365.3,935.3,675.7,991.6],\"text\":\"File No. 1-03876).\"}],\"order\":8,\"text\":\"Assignment and Assumption Agreement (Amended and Restated Intermediate Pipelines Agreement), effective January\\n1, 2011, between Navajo Refining Company, L.L.C. and Holly Refining & Marketing Company LLC (incorporated\\nby reference to Exhibit 10.5 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2010,\\nFile No. 1-03876).\"},{\"bbox\":[185.7,1013.8,258.9,1068.9],\"lines\":[{\"bbox\":[185.7,1013.8,258.9,1068.9],\"text\":\"10.4\"}],\"order\":9,\"text\":\"10.4\"},{\"bbox\":[364.5,1014.7,2294.4,1162.3],\"lines\":[{\"bbox\":[364.9,1014.7,2294.4,1078.9],\"text\":\"Tulsa Equipment and Throughput Agreement, dated August 1, 2009, between Holly Refining & Marketing - Tulsa\"},{\"bbox\":[364.7,1056.4,2294.1,1120.6],\"text\":\"LLC and HEP Tulsa LLC (incorporated by reference to Exhibit 10.3 of Holly Energy Partners L.P.'s Current Report\"},{\"bbox\":[364.5,1098.0,1264.0,1157.2],\"text\":\"on Form 8-K filed August 6, 2009, File No. 1-32225).\"}],\"order\":10,\"text\":\"Tulsa Equipment and Throughput Agreement, dated August 1, 2009, between Holly Refining & Marketing - Tulsa\\nLLC and HEP Tulsa LLC (incorporated by reference to Exhibit 10.3 of Holly Energy Partners L.P.'s Current Report\\non Form 8-K filed August 6, 2009, File No. 1-32225).\"},{\"bbox\":[184.9,1180.5,258.1,1235.6],\"lines\":[{\"bbox\":[184.9,1180.5,258.1,1235.6],\"text\":\"10.5\"}],\"order\":11,\"text\":\"10.5\"},{\"bbox\":[363.7,1181.4,2293.5,1328.9],\"lines\":[{\"bbox\":[364.1,1181.4,2293.5,1245.6],\"text\":\"Amendment to Tulsa Equipment and Throughput Agreement, dated December 9, 2010, among Holly Refining &\"},{\"bbox\":[363.9,1223.0,2293.3,1287.3],\"text\":\"Marketing - Tulsa LLC and HEP Tulsa LLC (incorporated by reference to Exhibit 10.7 of Registrant's Annual Report\"},{\"bbox\":[363.7,1264.7,1672.6,1325.9],\"text\":\"on Form 10-K for its fiscal year ended December 31, 2010, File No. 1-03876).\"}],\"order\":12,\"text\":\"Amendment to Tulsa Equipment and Throughput Agreement, dated December 9, 2010, among Holly Refining &\\nMarketing - Tulsa LLC and HEP Tulsa LLC (incorporated by reference to Exhibit 10.7 of Registrant's Annual Report\\non Form 10-K for its fiscal year ended December 31, 2010, File No. 1-03876).\"},{\"bbox\":[184.1,1347.1,257.3,1402.3],\"lines\":[{\"bbox\":[184.1,1347.1,257.3,1402.3],\"text\":\"10.6\"}],\"order\":13,\"text\":\"10.6\"},{\"bbox\":[362.6,1348.0,2292.8,1537.1],\"lines\":[{\"bbox\":[363.3,1348.0,2292.7,1412.3],\"text\":\"Assignment and Assumption Agreement (Tulsa Equipment and Throughput Agreement), effective January 1, 2011,\"},{\"bbox\":[363.0,1389.7,2292.5,1453.9],\"text\":\"between Holly Refining & Marketing - Tulsa, LLC and Holly Refining & Marketing Company LLC (incorporated\"},{\"bbox\":[362.8,1431.4,2292.3,1495.6],\"text\":\"by reference to Exhibit 10.8 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2010,\"},{\"bbox\":[362.6,1472.8,673.1,1529.1],\"text\":\"File No. 1-03876).\"}],\"order\":14,\"text\":\"Assignment and Assumption Agreement (Tulsa Equipment and Throughput Agreement), effective January 1, 2011,\\nbetween Holly Refining & Marketing - Tulsa, LLC and Holly Refining & Marketing Company LLC (incorporated\\nby reference to Exhibit 10.8 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2010,\\nFile No. 1-03876).\"},{\"bbox\":[183.1,1551.3,256.3,1606.4],\"lines\":[{\"bbox\":[183.1,1551.3,256.3,1606.4],\"text\":\"10.7\"}],\"order\":15,\"text\":\"10.7\"},{\"bbox\":[361.8,1552.2,2293.2,1699.8],\"lines\":[{\"bbox\":[362.2,1552.2,2293.2,1616.4],\"text\":\"Tulsa Purchase Option Agreement, dated August 1, 2009, between Holly Refining & Marketing - Tulsa LLC and HEP\"},{\"bbox\":[362.0,1593.9,2291.5,1658.1],\"text\":\"Tulsa LLC (incorporated by reference to Exhibit 10.4 of Holly Energy Partners L.P.'s Current Report on Form 8-K\"},{\"bbox\":[361.8,1635.5,1033.4,1693.6],\"text\":\"filed August 6, 2009, File No. 1-32225).\"}],\"order\":16,\"text\":\"Tulsa Purchase Option Agreement, dated August 1, 2009, between Holly Refining & Marketing - Tulsa LLC and HEP\\nTulsa LLC (incorporated by reference to Exhibit 10.4 of Holly Energy Partners L.P.'s Current Report on Form 8-K\\nfiled August 6, 2009, File No. 1-32225).\"},{\"bbox\":[182.3,1718.0,255.4,1773.1],\"lines\":[{\"bbox\":[182.3,1718.0,255.4,1773.1],\"text\":\"10.8\"}],\"order\":17,\"text\":\"10.8\"},{\"bbox\":[360.6,1718.9,2290.9,1949.8],\"lines\":[{\"bbox\":[361.4,1718.9,2290.8,1783.1],\"text\":\"Third Amended and Restated Crude Pipelines and Tankage Agreement, dated March 12, 2015, by and among Navajo\"},{\"bbox\":[361.2,1760.5,2290.7,1824.8],\"text\":\"Refining Company, L.L.C., Holly Refining & Marketing Company - Woods Cross LLC, HollyFrontier Refining &\"},{\"bbox\":[361.0,1802.2,2290.4,1866.4],\"text\":\"Marketing LLC, Holly Energy Partners-Operating, L.P., HEP Pipeline, L.L.C. and HEP Woods Cross L.L.C.\"},{\"bbox\":[360.8,1843.9,2290.2,1908.1],\"text\":\"(incorporated by reference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed March 16, 2015, File No.\"},{\"bbox\":[360.6,1885.5,524.0,1941.1],\"text\":\"1-03876).\"}],\"order\":18,\"text\":\"Third Amended and Restated Crude Pipelines and Tankage Agreement, dated March 12, 2015, by and among Navajo\\nRefining Company, L.L.C., Holly Refining & Marketing Company - Woods Cross LLC, HollyFrontier Refining &\\nMarketing LLC, Holly Energy Partners-Operating, L.P., HEP Pipeline, L.L.C. and HEP Woods Cross L.L.C.\\n(incorporated by reference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed March 16, 2015, File No.\\n1-03876).\"},{\"bbox\":[181.0,1968.0,254.2,2023.1],\"lines\":[{\"bbox\":[181.0,1968.0,254.2,2023.1],\"text\":\"10.9\"}],\"order\":19,\"text\":\"10.9\"},{\"bbox\":[359.6,1968.9,2289.7,2158.1],\"lines\":[{\"bbox\":[360.2,1968.9,2289.7,2033.1],\"text\":\"Second Amended and Restated Refined Products Pipelines and Terminals Agreement, dated February 22, 2016, by\"},{\"bbox\":[360.0,2010.5,2289.4,2074.8],\"text\":\"and among HollyFrontier Refining & Marketing LLC, HollyFrontier Corporation, Holly Energy Partners - Operating,\"},{\"bbox\":[359.8,2052.2,2289.2,2116.4],\"text\":\"L.P. and Holly Energy Partners, L.P. (incorporated by reference to Exhibit 10.3 of Registrant's Current Report on Form\"},{\"bbox\":[359.6,2093.8,1159.5,2152.5],\"text\":\"8-K filed February 22, 2016, File No. 1-03876).\"}],\"order\":20,\"text\":\"Second Amended and Restated Refined Products Pipelines and Terminals Agreement, dated February 22, 2016, by\\nand among HollyFrontier Refining & Marketing LLC, HollyFrontier Corporation, Holly Energy Partners - Operating,\\nL.P. and Holly Energy Partners, L.P. (incorporated by reference to Exhibit 10.3 of Registrant's Current Report on Form\\n8-K filed February 22, 2016, File No. 1-03876).\"},{\"bbox\":[180.0,2176.3,274.0,2231.5],\"lines\":[{\"bbox\":[180.0,2176.3,274.0,2231.5],\"text\":\"10.10\"}],\"order\":21,\"text\":\"10.10\"},{\"bbox\":[358.6,2177.2,2288.6,2366.2],\"lines\":[{\"bbox\":[359.2,2177.2,2288.6,2241.4],\"text\":\"First Amendment to Second Amended and Restated Refined Products Pipelines and Terminals Agreement, dated\"},{\"bbox\":[359.0,2218.8,2288.4,2283.1],\"text\":\"October 29, 2018, effective June 4, 2018, by and between HollyFrontier Refining & Marketing LLC and Holly Energy\"},{\"bbox\":[358.8,2260.5,2288.2,2324.8],\"text\":\"Partners - Operating, L.P. (incorporated by reference to Exhibit 10.6 of Registrant's Current Report on Form 8-K filed\"},{\"bbox\":[358.6,2302.0,1001.1,2359.9],\"text\":\"November 1, 2018, File No. 1-03846).\"}],\"order\":22,\"text\":\"First Amendment to Second Amended and Restated Refined Products Pipelines and Terminals Agreement, dated\\nOctober 29, 2018, effective June 4, 2018, by and between HollyFrontier Refining & Marketing LLC and Holly Energy\\nPartners - Operating, L.P. (incorporated by reference to Exhibit 10.6 of Registrant's Current Report on Form 8-K filed\\nNovember 1, 2018, File No. 1-03846).\"},{\"bbox\":[179.0,2380.5,272.2,2435.7],\"lines\":[{\"bbox\":[179.0,2380.5,272.2,2435.7],\"text\":\"10.11\"}],\"order\":23,\"text\":\"10.11\"},{\"bbox\":[357.8,2381.3,2287.6,2528.9],\"lines\":[{\"bbox\":[358.2,2381.3,2287.6,2445.6],\"text\":\"Nineteenth Amended and Restated Omnibus Agreement, dated October 29, 2018, effective June 1, 2018, by and among\"},{\"bbox\":[358.0,2423.0,2287.4,2487.3],\"text\":\"HollyFrontier Corporation, Holly Energy Partners, L.P. and certain of their respective subsidiaries (incorporated by\"},{\"bbox\":[357.8,2464.7,2251.7,2528.7],\"text\":\"reference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed November 1, 2018, File No. 1-03876).\"}],\"order\":24,\"text\":\"Nineteenth Amended and Restated Omnibus Agreement, dated October 29, 2018, effective June 1, 2018, by and among\\nHollyFrontier Corporation, Holly Energy Partners, L.P. and certain of their respective subsidiaries (incorporated by\\nreference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed November 1, 2018, File No. 1-03876).\"},{\"bbox\":[178.2,2534.6,272.3,2589.8],\"lines\":[{\"bbox\":[178.2,2534.6,272.3,2589.8],\"text\":\"10.12\"}],\"order\":25,\"text\":\"10.12\"},{\"bbox\":[356.8,2535.5,2286.9,2724.5],\"lines\":[{\"bbox\":[357.4,2535.5,2286.8,2599.8],\"text\":\"Senior Unsecured 5-Year Revolving Credit Agreement, dated July 1, 2014, among HollyFrontier Corporation, as\"},{\"bbox\":[357.2,2577.2,2286.7,2641.4],\"text\":\"borrower, Union Bank, N. A. as administrative agent, and each of the financial institutions party thereto as lenders\"},{\"bbox\":[357.0,2618.8,2286.5,2683.1],\"text\":\"(incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed July 8, 2014, File No.\"},{\"bbox\":[356.8,2660.3,520.2,2715.9],\"text\":\"1-03876).\"}],\"order\":26,\"text\":\"Senior Unsecured 5-Year Revolving Credit Agreement, dated July 1, 2014, among HollyFrontier Corporation, as\\nborrower, Union Bank, N. A. as administrative agent, and each of the financial institutions party thereto as lenders\\n(incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed July 8, 2014, File No.\\n1-03876).\"},{\"bbox\":[177.2,2738.8,271.3,2794.0],\"lines\":[{\"bbox\":[177.2,2738.8,271.3,2794.0],\"text\":\"10.13\"}],\"order\":27,\"text\":\"10.13\"},{\"bbox\":[355.8,2739.7,2285.9,2928.7],\"lines\":[{\"bbox\":[356.4,2739.7,2285.9,2803.9],\"text\":\"First Amendment to Senior Unsecured 5-Year Revolving Credit Agreement, dated as of February 16, 2017, among\"},{\"bbox\":[356.2,2781.3,2285.7,2845.6],\"text\":\"HollyFrontier Corporation, as borrower, The Bank of Tokyo-Mitsubishi UFJ, Ltd., as administrative agent, and the\"},{\"bbox\":[356.0,2823.0,2285.5,2887.3],\"text\":\"lenders party thereto (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed\"},{\"bbox\":[355.8,2864.5,993.7,2922.4],\"text\":\"February 21, 2017, File No. 1-03876).\"}],\"order\":28,\"text\":\"First Amendment to Senior Unsecured 5-Year Revolving Credit Agreement, dated as of February 16, 2017, among\\nHollyFrontier Corporation, as borrower, The Bank of Tokyo-Mitsubishi UFJ, Ltd., as administrative agent, and the\\nlenders party thereto (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed\\nFebruary 21, 2017, File No. 1-03876).\"},{\"bbox\":[176.2,2943.0,270.3,2998.2],\"lines\":[{\"bbox\":[176.2,2943.0,270.3,2998.2],\"text\":\"10.14\"}],\"order\":29,\"text\":\"10.14\"},{\"bbox\":[355.0,2943.8,2284.9,3091.4],\"lines\":[{\"bbox\":[355.4,2943.8,2284.9,3008.1],\"text\":\"Release of Subsidiary Guarantee, dated December 29, 2015, by and among HollyFrontier Corporation and Union\"},{\"bbox\":[355.2,2985.5,2284.6,3049.7],\"text\":\"Bank, N.A. (incorporated by reference to Exhibit 10.40 of Registrant's Annual Report on Form 10-K for the fiscal\"},{\"bbox\":[355.0,3027.2,1205.7,3086.1],\"text\":\"year ended December 31, 2015, File No. 1-03876).\"}],\"order\":30,\"text\":\"Release of Subsidiary Guarantee, dated December 29, 2015, by and among HollyFrontier Corporation and Union\\nBank, N.A. (incorporated by reference to Exhibit 10.40 of Registrant's Annual Report on Form 10-K for the fiscal\\nyear ended December 31, 2015, File No. 1-03876).\"},{\"bbox\":[1201.4,3130.4,1257.9,3180.0],\"lines\":[{\"bbox\":[1201.4,3130.4,1257.9,3180.0],\"text\":\"103\"}],\"order\":31,\"text\":\"103\"}],\"doc\":\"fintabnet:HFC_2018\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"Table of Content\\n\\nExhibit\\nNumber\\n\\nDescription\\n\\n10.1\\n\\nAmended and Restated Intermediate Pipelines Agreement, dated June 1, 2009, among Holly Corporation, Navajo\\nRefining Company, L.L.C, Holly Energy Partners, L.P., Holly Energy Partners – Operating, L.P., HEP Pipeline, L.L.C.,\\nLovington-Artesia, L.L.C., HEP Logistics Holdings, L.P., Holly Logistics Services, L.L.C. and HEP Logistics GP,\\nL.L.C. (incorporated by reference to Exhibit 10.2 of Holly Energy Partners, L.P.'s Current Report on Form 8-K filed\\nJune 5, 2009, File No. 1-32225).\\n\\n10.2\\n\\nAmendment to Amended and Restated Intermediate Pipelines Agreement, dated December 9, 2010, among Navajo\\nRefining Company, L.L.C, Holly Energy Partners, L.P., Holly Energy Partners – Operating, L.P., HEP Pipeline, L.L.C.,\\nLovington-Artesia, L.L.C., HEP Logistics Holdings, L.P., Holly Logistics Services, L.L.C. and HEP Logistics GP,\\nL.L.C. (incorporated by reference to Exhibit 10.4 of Registrant's Annual Report on Form 10-K for its fiscal year ended\\nDecember 31, 2010, File No. 1-03876).\\n\\n10.3\\n\\nAssignment and Assumption Agreement (Amended and Restated Intermediate Pipelines Agreement), effective January\\n1, 2011, between Navajo Refining Company, L.L.C. and Holly Refining & Marketing Company LLC (incorporated\\nby reference to Exhibit 10.5 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2010,\\nFile No. 1-03876).\\n\\n10.4\\n\\nTulsa Equipment and Throughput Agreement, dated August 1, 2009, between Holly Refining & Marketing - Tulsa\\nLLC and HEP Tulsa LLC (incorporated by reference to Exhibit 10.3 of Holly Energy Partners L.P.'s Current Report\\non Form 8-K filed August 6, 2009, File No. 1-32225).\\n\\n10.5\\n\\nAmendment to Tulsa Equipment and Throughput Agreement, dated December 9, 2010, among Holly Refining &\\nMarketing - Tulsa LLC and HEP Tulsa LLC (incorporated by reference to Exhibit 10.7 of Registrant's Annual Report\\non Form 10-K for its fiscal year ended December 31, 2010, File No. 1-03876).\\n\\n10.6\\n\\nAssignment and Assumption Agreement (Tulsa Equipment and Throughput Agreement), effective January 1, 2011,\\nbetween Holly Refining & Marketing - Tulsa, LLC and Holly Refining & Marketing Company LLC (incorporated\\nby reference to Exhibit 10.8 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2010,\\nFile No. 1-03876).\\n\\n10.7\\n\\nTulsa Purchase Option Agreement, dated August 1, 2009, between Holly Refining & Marketing - Tulsa LLC and HEP\\nTulsa LLC (incorporated by reference to Exhibit 10.4 of Holly Energy Partners L.P.'s Current Report on Form 8-K\\nfiled August 6, 2009, File No. 1-32225).\\n\\n10.8\\n\\nThird Amended and Restated Crude Pipelines and Tankage Agreement, dated March 12, 2015, by and among Navajo\\nRefining Company, L.L.C., Holly Refining & Marketing Company - Woods Cross LLC, HollyFrontier Refining &\\nMarketing LLC, Holly Energy Partners-Operating, L.P., HEP Pipeline, L.L.C. and HEP Woods Cross L.L.C.\\n(incorporated by reference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed March 16, 2015, File No.\\n1-03876).\\n\\n10.9\\n\\nSecond Amended and Restated Refined Products Pipelines and Terminals Agreement, dated February 22, 2016, by\\nand among HollyFrontier Refining & Marketing LLC, HollyFrontier Corporation, Holly Energy Partners - Operating,\\nL.P. and Holly Energy Partners, L.P. (incorporated by reference to Exhibit 10.3 of Registrant's Current Report on Form\\n8-K filed February 22, 2016, File No. 1-03876).\\n\\n10.10\\n\\nFirst Amendment to Second Amended and Restated Refined Products Pipelines and Terminals Agreement, dated\\nOctober 29, 2018, effective June 4, 2018, by and between HollyFrontier Refining & Marketing LLC and Holly Energy\\nPartners - Operating, L.P. (incorporated by reference to Exhibit 10.6 of Registrant's Current Report on Form 8-K filed\\nNovember 1, 2018, File No. 1-03846).\\n\\n10.11\\n\\nNineteenth Amended and Restated Omnibus Agreement, dated October 29, 2018, effective June 1, 2018, by and among\\nHollyFrontier Corporation, Holly Energy Partners, L.P. and certain of their respective subsidiaries (incorporated by\\nreference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed November 1, 2018, File No. 1-03876).\\n\\n10.12\\n\\nSenior Unsecured 5-Year Revolving Credit Agreement, dated July 1, 2014, among HollyFrontier Corporation, as\\nborrower, Union Bank, N. A. as administrative agent, and each of the financial institutions party thereto as lenders\\n(incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed July 8, 2014, File No.\\n1-03876).\\n\\n10.13\\n\\nFirst Amendment to Senior Unsecured 5-Year Revolving Credit Agreement, dated as of February 16, 2017, among\\nHollyFrontier Corporation, as borrower, The Bank of Tokyo-Mitsubishi UFJ, Ltd., as administrative agent, and the\\nlenders party thereto (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed\\nFebruary 21, 2017, File No. 1-03876).\\n\\n10.14\\n\\nRelease of Subsidiary Guarantee, dated December 29, 2015, by and among HollyFrontier Corporation and Union\\nBank, N.A. (incorporated by reference to Exhibit 10.40 of Registrant's Annual Report on Form 10-K for the fiscal\\nyear ended December 31, 2015, File No. 1-03876).\\n\\n103\",\"name\":\"fintabnet.HFC_2018_page_111__300dpi_mild\",\"page_id\":\"fintabnet.HFC_2018_page_111\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.282,\"source\":\"fintabnet\",\"source_id\":\"HFC_2018_page_111\",\"stack\":[{\"deg\":-0.282,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":2.717},{\"op\":\"jpeg\",\"q\":87}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[175.8,185.8,2299.9,3087.6],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30],\"cells\":null}],\"text\":\"Table of Content\\n\\nExhibit\\nNumber\\n\\nDescription\\n\\n10.1\\n\\nAmended and Restated Intermediate Pipelines Agreement, dated June 1, 2009, among Holly Corporation, Navajo\\nRefining Company, L.L.C, Holly Energy Partners, L.P., Holly Energy Partners – Operating, L.P., HEP Pipeline, L.L.C.,\\nLovington-Artesia, L.L.C., HEP Logistics Holdings, L.P., Holly Logistics Services, L.L.C. and HEP Logistics GP,\\nL.L.C. (incorporated by reference to Exhibit 10.2 of Holly Energy Partners, L.P.'s Current Report on Form 8-K filed\\nJune 5, 2009, File No. 1-32225).\\n\\n10.2\\n\\nAmendment to Amended and Restated Intermediate Pipelines Agreement, dated December 9, 2010, among Navajo\\nRefining Company, L.L.C, Holly Energy Partners, L.P., Holly Energy Partners – Operating, L.P., HEP Pipeline, L.L.C.,\\nLovington-Artesia, L.L.C., HEP Logistics Holdings, L.P., Holly Logistics Services, L.L.C. and HEP Logistics GP,\\nL.L.C. (incorporated by reference to Exhibit 10.4 of Registrant's Annual Report on Form 10-K for its fiscal year ended\\nDecember 31, 2010, File No. 1-03876).\\n\\n10.3\\n\\nAssignment and Assumption Agreement (Amended and Restated Intermediate Pipelines Agreement), effective January\\n1, 2011, between Navajo Refining Company, L.L.C. and Holly Refining & Marketing Company LLC (incorporated\\nby reference to Exhibit 10.5 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2010,\\nFile No. 1-03876).\\n\\n10.4\\n\\nTulsa Equipment and Throughput Agreement, dated August 1, 2009, between Holly Refining & Marketing - Tulsa\\nLLC and HEP Tulsa LLC (incorporated by reference to Exhibit 10.3 of Holly Energy Partners L.P.'s Current Report\\non Form 8-K filed August 6, 2009, File No. 1-32225).\\n\\n10.5\\n\\nAmendment to Tulsa Equipment and Throughput Agreement, dated December 9, 2010, among Holly Refining &\\nMarketing - Tulsa LLC and HEP Tulsa LLC (incorporated by reference to Exhibit 10.7 of Registrant's Annual Report\\non Form 10-K for its fiscal year ended December 31, 2010, File No. 1-03876).\\n\\n10.6\\n\\nAssignment and Assumption Agreement (Tulsa Equipment and Throughput Agreement), effective January 1, 2011,\\nbetween Holly Refining & Marketing - Tulsa, LLC and Holly Refining & Marketing Company LLC (incorporated\\nby reference to Exhibit 10.8 of Registrant's Annual Report on Form 10-K for its fiscal year ended December 31, 2010,\\nFile No. 1-03876).\\n\\n10.7\\n\\nTulsa Purchase Option Agreement, dated August 1, 2009, between Holly Refining & Marketing - Tulsa LLC and HEP\\nTulsa LLC (incorporated by reference to Exhibit 10.4 of Holly Energy Partners L.P.'s Current Report on Form 8-K\\nfiled August 6, 2009, File No. 1-32225).\\n\\n10.8\\n\\nThird Amended and Restated Crude Pipelines and Tankage Agreement, dated March 12, 2015, by and among Navajo\\nRefining Company, L.L.C., Holly Refining & Marketing Company - Woods Cross LLC, HollyFrontier Refining &\\nMarketing LLC, Holly Energy Partners-Operating, L.P., HEP Pipeline, L.L.C. and HEP Woods Cross L.L.C.\\n(incorporated by reference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed March 16, 2015, File No.\\n1-03876).\\n\\n10.9\\n\\nSecond Amended and Restated Refined Products Pipelines and Terminals Agreement, dated February 22, 2016, by\\nand among HollyFrontier Refining & Marketing LLC, HollyFrontier Corporation, Holly Energy Partners - Operating,\\nL.P. and Holly Energy Partners, L.P. (incorporated by reference to Exhibit 10.3 of Registrant's Current Report on Form\\n8-K filed February 22, 2016, File No. 1-03876).\\n\\n10.10\\n\\nFirst Amendment to Second Amended and Restated Refined Products Pipelines and Terminals Agreement, dated\\nOctober 29, 2018, effective June 4, 2018, by and between HollyFrontier Refining & Marketing LLC and Holly Energy\\nPartners - Operating, L.P. (incorporated by reference to Exhibit 10.6 of Registrant's Current Report on Form 8-K filed\\nNovember 1, 2018, File No. 1-03846).\\n\\n10.11\\n\\nNineteenth Amended and Restated Omnibus Agreement, dated October 29, 2018, effective June 1, 2018, by and among\\nHollyFrontier Corporation, Holly Energy Partners, L.P. and certain of their respective subsidiaries (incorporated by\\nreference to Exhibit 10.2 of Registrant's Current Report on Form 8-K filed November 1, 2018, File No. 1-03876).\\n\\n10.12\\n\\nSenior Unsecured 5-Year Revolving Credit Agreement, dated July 1, 2014, among HollyFrontier Corporation, as\\nborrower, Union Bank, N. A. as administrative agent, and each of the financial institutions party thereto as lenders\\n(incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed July 8, 2014, File No.\\n1-03876).\\n\\n10.13\\n\\nFirst Amendment to Senior Unsecured 5-Year Revolving Credit Agreement, dated as of February 16, 2017, among\\nHollyFrontier Corporation, as borrower, The Bank of Tokyo-Mitsubishi UFJ, Ltd., as administrative agent, and the\\nlenders party thereto (incorporated by reference to Exhibit 10.1 of Registrant's Current Report on Form 8-K filed\\nFebruary 21, 2017, File No. 1-03876).\\n\\n10.14\\n\\nRelease of Subsidiary Guarantee, dated December 29, 2015, by and among HollyFrontier Corporation and Union\\nBank, N.A. 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2,604\"}],\"order\":186,\"text\":\"$ 2,604\"},{\"bbox\":[1236.1,3220.8,1313.9,3258.3],\"lines\":[{\"bbox\":[1236.1,3220.8,1313.9,3258.3],\"text\":\"F-54\"}],\"order\":187,\"text\":\"F-54\"}],\"doc\":\"fintabnet:HIG_2018\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"THE HARTFORD FINANCIAL SERVICES GROUP, INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n\\nCommercial Automobile Liability\\n\\nIncurred Losses & Allocated Loss Adjustment Expenses, Net of Reinsurance\\n\\nFor the years ended December 31,\\n\\n(Unaudited)\\n\\nAccident\\nYear\\n\\n2009 $\\n\\n2009\\n\\n306 $\\n\\n2010\\n\\n2011\\n\\n2012\\n\\n2013\\n\\n2014\\n\\n2015\\n\\n2016\\n\\n2017\\n\\n2018\\n\\nIBNR\\nReserves\\n\\nClaims\\nReported\\n\\n292 $\\n\\n287 $\\n\\n287 $\\n\\n297 $\\n\\n301 $\\n\\n302 $\\n\\n302 $\\n\\n302 $\\n\\n302 $\\n\\n—\\n\\n38,703\\n\\n277\\n\\n280\\n\\n296\\n\\n319\\n\\n323\\n\\n328\\n\\n327\\n\\n324\\n\\n322\\n\\n4\\n\\n38,153\\n\\n272\\n\\n310\\n\\n356\\n\\n356\\n\\n366\\n\\n365\\n\\n362\\n\\n362\\n\\n4\\n\\n39,293\\n\\n311\\n\\n376\\n\\n390\\n\\n401\\n\\n394\\n\\n390\\n\\n387\\n\\n6\\n\\n35,999\\n\\n309\\n\\n314\\n\\n329\\n\\n336\\n\\n335\\n\\n333\\n\\n18\\n\\n31,918\\n\\n306\\n\\n314\\n\\n328\\n\\n333\\n\\n337\\n\\n23\\n\\n29,260\\n\\n302\\n\\n353\\n\\n368\\n\\n351\\n\\n43\\n\\n28,079\\n\\n372\\n\\n380\\n\\n376\\n\\n90\\n\\n28,154\\n\\n346\\n\\n358\\n\\n165\\n\\n24,587\\n\\n2018\\n\\n314\\n\\n205\\n\\n20,675\\n\\nTotal\\n\\n$ 3,442\\n\\n2010\\n\\n2011\\n\\n2012\\n\\n2013\\n\\n2014\\n\\n2015\\n\\n2016\\n\\n2017\\n\\nCumulative Paid Losses & Allocated Loss Adjustment Expense, Net of\\nReinsurance\\n\\nFor the years ended December 31\\n\\n(Unaudited)\\n\\nAccident\\nYear\\n\\n2009 $\\n\\n2010\\n\\n2011\\n\\n2012\\n\\n2013\\n\\n2014\\n\\n2009\\n\\n56 $\\n\\n2010\\n\\n2011\\n\\n2012\\n\\n2013\\n\\n2014\\n\\n2015\\n\\n2016\\n\\n2017\\n\\n2018\\n\\n115 $\\n\\n175 $\\n\\n237 $\\n\\n274 $\\n\\n291 $\\n\\n298 $\\n\\n300 $\\n\\n301 $\\n\\n301\\n\\n55\\n\\n125\\n\\n188\\n\\n252\\n\\n289\\n\\n300\\n\\n308\\n\\n313\\n\\n316\\n\\n62\\n\\n133\\n\\n211\\n\\n273\\n\\n315\\n\\n339\\n\\n348\\n\\n352\\n\\n65\\n\\n142\\n\\n233\\n\\n306\\n\\n345\\n\\n358\\n\\n371\\n\\n61\\n\\n128\\n\\n199\\n\\n255\\n\\n289\\n\\n306\\n\\n58\\n\\n129\\n\\n195\\n\\n249\\n\\n295\\n\\n61\\n\\n141\\n\\n204\\n\\n264\\n\\n62\\n\\n140\\n\\n222\\n\\n55\\n\\n123\\n\\n2015\\n\\n2016\\n\\n2017\\n\\n2018\\n\\n54\\n\\nTotal\\n\\n$ 2,604\\n\\nF-54\",\"name\":\"fintabnet.HIG_2018_page_238__300dpi_mild\",\"page_id\":\"fintabnet.HIG_2018_page_238\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"HIG_2018_page_238\",\"stack\":[{\"amp\":0.032,\"angle\":43.2,\"blob\":0.313,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":3.94},{\"op\":\"jpeg\",\"q\":76}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[156.3,483.1,2405.2,1373.9],\"block_orders\":[4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105],\"cells\":null},{\"bbox\":[156.3,1578.9,1905.2,2469.8],\"block_orders\":[107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,143,144,145,146,147,148,149,150,151,152,153,154,155,156,157,158,159,160,161,162,163,164,165,166,167,168,169,170,171,172,173,174,175,176,177,178,179,180,181,182,183,184,185,186],\"cells\":null}],\"text\":\"THE HARTFORD FINANCIAL SERVICES GROUP, INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)\\n\\nCommercial Automobile Liability\\n\\nIncurred Losses & Allocated Loss Adjustment Expenses, Net of Reinsurance\\n\\nFor the years ended December 31,\\n\\n(Unaudited)\\n\\nAccident\\nYear\\n\\n2009 $\\n\\n2009\\n\\n306 $\\n\\n2010\\n\\n2011\\n\\n2012\\n\\n2013\\n\\n2014\\n\\n2015\\n\\n2016\\n\\n2017\\n\\n2018\\n\\nIBNR\\nReserves\\n\\nClaims\\nReported\\n\\n292 $\\n\\n287 $\\n\\n287 $\\n\\n297 $\\n\\n301 $\\n\\n302 $\\n\\n302 $\\n\\n302 $\\n\\n302 $\\n\\n—\\n\\n38,703\\n\\n277\\n\\n280\\n\\n296\\n\\n319\\n\\n323\\n\\n328\\n\\n327\\n\\n324\\n\\n322\\n\\n4\\n\\n38,153\\n\\n272\\n\\n310\\n\\n356\\n\\n356\\n\\n366\\n\\n365\\n\\n362\\n\\n362\\n\\n4\\n\\n39,293\\n\\n311\\n\\n376\\n\\n390\\n\\n401\\n\\n394\\n\\n390\\n\\n387\\n\\n6\\n\\n35,999\\n\\n309\\n\\n314\\n\\n329\\n\\n336\\n\\n335\\n\\n333\\n\\n18\\n\\n31,918\\n\\n306\\n\\n314\\n\\n328\\n\\n333\\n\\n337\\n\\n23\\n\\n29,260\\n\\n302\\n\\n353\\n\\n368\\n\\n351\\n\\n43\\n\\n28,079\\n\\n372\\n\\n380\\n\\n376\\n\\n90\\n\\n28,154\\n\\n346\\n\\n358\\n\\n165\\n\\n24,587\\n\\n2018\\n\\n314\\n\\n205\\n\\n20,675\\n\\nTotal\\n\\n$ 3,442\\n\\n2010\\n\\n2011\\n\\n2012\\n\\n2013\\n\\n2014\\n\\n2015\\n\\n2016\\n\\n2017\\n\\nCumulative Paid Losses & Allocated Loss Adjustment Expense, Net of\\nReinsurance\\n\\nFor the years ended December 31\\n\\n(Unaudited)\\n\\nAccident\\nYear\\n\\n2009 $\\n\\n2010\\n\\n2011\\n\\n2012\\n\\n2013\\n\\n2014\\n\\n2009\\n\\n56 $\\n\\n2010\\n\\n2011\\n\\n2012\\n\\n2013\\n\\n2014\\n\\n2015\\n\\n2016\\n\\n2017\\n\\n2018\\n\\n115 $\\n\\n175 $\\n\\n237 $\\n\\n274 $\\n\\n291 $\\n\\n298 $\\n\\n300 $\\n\\n301 $\\n\\n301\\n\\n55\\n\\n125\\n\\n188\\n\\n252\\n\\n289\\n\\n300\\n\\n308\\n\\n313\\n\\n316\\n\\n62\\n\\n133\\n\\n211\\n\\n273\\n\\n315\\n\\n339\\n\\n348\\n\\n352\\n\\n65\\n\\n142\\n\\n233\\n\\n306\\n\\n345\\n\\n358\\n\\n371\\n\\n61\\n\\n128\\n\\n199\\n\\n255\\n\\n289\\n\\n306\\n\\n58\\n\\n129\\n\\n195\\n\\n249\\n\\n295\\n\\n61\\n\\n141\\n\\n204\\n\\n264\\n\\n62\\n\\n140\\n\\n222\\n\\n55\\n\\n123\\n\\n2015\\n\\n2016\\n\\n2017\\n\\n2018\\n\\n54\\n\\nTotal\\n\\n$ 2,604\\n\\nF-54\"},\"name\":\"fintabnet.HIG_2018_page_238__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":887756,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:HIG_2018\",\"dpi\":300,\"gt_sha256\":\"ef4c45db3ae9a8ea4bccb2a5438765bf71fe1f167ad0e60b61078004d506937d\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HIG_2018_page_238__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.HIG_2018_page_238\",\"pdf_sha256\":\"31cd71642c7a51ecd560caf13fbf1d585353d86de23da9b5577087b2b58a9156\",\"px\":[2550,3300],\"scan\":{\"render\":\"07e07e001ff87ffe7ffe7ffe7ffe2fe07ff04ff07ff07ff00000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"HIG_2018_page_238\",\"src\":{\"file_sha256\":\"3cef2fe1de2176c866f9c0c2c5db1a19acb57502608821e442e613ab93feef15\",\"render\":\"07e07c003ff87ffe7ffe7ffe7ffe3ff07ff05ff07ff07ff00000000000000000\",\"text\":\"98d0aeefe7b60c7a978b5edbfb37f4e3d23a010abd12af6f33ee7e62f387e79f\"},\"stack\":[{\"amp\":0.032,\"angle\":43.2,\"blob\":0.313,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":3.94},{\"op\":\"jpeg\",\"q\":76}],\"tools\":\"21647cade0ee\"},\"sha256\":\"31cd71642c7a51ecd560caf13fbf1d585353d86de23da9b5577087b2b58a9156\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/31cd71642c7a51ecd560caf13fbf1d585353d86de23da9b5577087b2b58a9156.pdf","asset_sha256":"31cd71642c7a51ecd560caf13fbf1d585353d86de23da9b5577087b2b58a9156","document_id":"fintabnet:HIG_2018","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HIG_2018_page_238\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HII_2013_page_116\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HII_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[204.0,141.3,2220.9,259.7],\"lines\":[{\"bbox\":[204.6,141.3,2220.9,209.7],\"text\":\"\\\"Three Factor Formula\\\"). The consolidated financial statements include Northrop Grumman management and\"},{\"bbox\":[204.0,191.3,1808.9,255.3],\"text\":\"support services allocations totaling $32 million for the year ended December 31, 2011.\"}],\"order\":0,\"text\":\"\\\"Three Factor Formula\\\"). The consolidated financial statements include Northrop Grumman management and\\nsupport services allocations totaling $32 million for the year ended December 31, 2011.\"},{\"bbox\":[200.8,291.3,2331.5,561.0],\"lines\":[{\"bbox\":[202.9,291.3,2331.5,361.0],\"text\":\"Shared services and infrastructure costs - This category includes costs for functions such as information technology\"},{\"bbox\":[202.4,341.3,2199.1,409.6],\"text\":\"support, systems maintenance, telecommunications, procurement and other shared services while HII was a\"},{\"bbox\":[201.8,391.3,2251.0,460.1],\"text\":\"subsidiary of Northrop Grumman. These costs were generally allocated to the Company using the Three Factor\"},{\"bbox\":[201.3,441.3,2304.0,510.7],\"text\":\"Formula or based on usage. The consolidated financial statements reflect shared services and infrastructure costs\"},{\"bbox\":[200.8,491.3,1490.6,551.9],\"text\":\"allocations totaling $80 million for the year ended December 31, 2011.\"}],\"order\":1,\"text\":\"Shared services and infrastructure costs - This category includes costs for functions such as information technology\\nsupport, systems maintenance, telecommunications, procurement and other shared services while HII was a\\nsubsidiary of Northrop Grumman. These costs were generally allocated to the Company using the Three Factor\\nFormula or based on usage. The consolidated financial statements reflect shared services and infrastructure costs\\nallocations totaling $80 million for the year ended December 31, 2011.\"},{\"bbox\":[197.5,591.4,2323.4,861.0],\"lines\":[{\"bbox\":[199.7,591.4,2323.4,661.0],\"text\":\"Northrop Grumman-provided benefits - This category includes costs for group medical, dental and vision insurance,\"},{\"bbox\":[199.1,641.4,2297.4,710.7],\"text\":\"401(k) savings plan, pension and postretirement benefits, incentive compensation and other benefits. These costs\"},{\"bbox\":[198.6,691.4,2211.8,759.8],\"text\":\"were generally allocated to the Company based on specific identification of the benefits provided to Company\"},{\"bbox\":[198.0,741.4,2289.1,810.7],\"text\":\"employees participating in these benefit plans. The consolidated financial statements include Northrop Grumman-\"},{\"bbox\":[197.5,791.4,1839.4,855.8],\"text\":\"provided benefits allocations totaling $169 million for the year ended December 31, 2011.\"}],\"order\":2,\"text\":\"Northrop Grumman-provided benefits - This category includes costs for group medical, dental and vision insurance,\\n401(k) savings plan, pension and postretirement benefits, incentive compensation and other benefits. These costs\\nwere generally allocated to the Company based on specific identification of the benefits provided to Company\\nemployees participating in these benefit plans. The consolidated financial statements include Northrop Grumman-\\nprovided benefits allocations totaling $169 million for the year ended December 31, 2011.\"},{\"bbox\":[195.9,891.4,2330.5,1011.2],\"lines\":[{\"bbox\":[196.4,891.4,2330.5,961.2],\"text\":\"Management believes that the methods of allocating these costs are reasonable, consistent with past practices, and\"},{\"bbox\":[195.9,941.4,1414.6,1001.2],\"text\":\"in conformity with cost allocation requirements of CAS or the FAR.\"}],\"order\":3,\"text\":\"Management believes that the methods of allocating these costs are reasonable, consistent with past practices, and\\nin conformity with cost allocation requirements of CAS or the FAR.\"},{\"bbox\":[194.8,1041.4,943.6,1096.1],\"lines\":[{\"bbox\":[194.8,1041.4,943.6,1096.1],\"text\":\"Related Party Sales and Cost of Sales\"}],\"order\":4,\"text\":\"Related Party Sales and Cost of Sales\"},{\"bbox\":[192.0,1141.5,2280.7,1360.7],\"lines\":[{\"bbox\":[193.7,1141.5,2250.5,1210.4],\"text\":\"Prior to the spin-off, HII purchased and sold certain products and services from and to other Northrop Grumman\"},{\"bbox\":[193.1,1191.5,2263.9,1260.5],\"text\":\"entities. Purchases of products and services from these affiliated entities, which were recorded at cost, were $44\"},{\"bbox\":[192.6,1241.5,2279.6,1310.7],\"text\":\"million for the year ended December 31, 2011. Sales of products and services to these entities were $1 million for\"},{\"bbox\":[192.0,1291.5,856.7,1345.2],\"text\":\"the year ended December 31, 2011.\"}],\"order\":5,\"text\":\"Prior to the spin-off, HII purchased and sold certain products and services from and to other Northrop Grumman\\nentities. Purchases of products and services from these affiliated entities, which were recorded at cost, were $44\\nmillion for the year ended December 31, 2011. Sales of products and services to these entities were $1 million for\\nthe year ended December 31, 2011.\"},{\"bbox\":[191.0,1391.5,789.7,1444.5],\"lines\":[{\"bbox\":[191.0,1391.5,789.7,1444.5],\"text\":\"Former Parent's Equity in Unit\"}],\"order\":6,\"text\":\"Former Parent's Equity in Unit\"},{\"bbox\":[188.2,1491.5,2307.9,1711.1],\"lines\":[{\"bbox\":[189.9,1491.5,2203.2,1560.0],\"text\":\"Transactions between HII and Northrop Grumman prior to the spin-off have been included in the consolidated\"},{\"bbox\":[189.3,1541.5,2307.4,1611.1],\"text\":\"financial statements and were effectively settled for cash at the time the transaction was recorded. The net effect of\"},{\"bbox\":[188.8,1591.5,2282.1,1660.8],\"text\":\"the settlement of these transactions is reflected as Former Parent's Equity in Unit in the consolidated statement of\"},{\"bbox\":[188.2,1641.5,521.6,1691.7],\"text\":\"changes in equity.\"}],\"order\":7,\"text\":\"Transactions between HII and Northrop Grumman prior to the spin-off have been included in the consolidated\\nfinancial statements and were effectively settled for cash at the time the transaction was recorded. The net effect of\\nthe settlement of these transactions is reflected as Former Parent's Equity in Unit in the consolidated statement of\\nchanges in equity.\"},{\"bbox\":[187.1,1741.6,1124.0,1798.3],\"lines\":[{\"bbox\":[187.1,1741.6,1124.0,1798.3],\"text\":\"21. UNAUDITED SELECTED QUARTERLY DATA\"}],\"order\":8,\"text\":\"21. UNAUDITED SELECTED QUARTERLY DATA\"},{\"bbox\":[185.5,1841.6,2315.1,1961.3],\"lines\":[{\"bbox\":[186.1,1841.6,2315.1,1911.3],\"text\":\"Unaudited quarterly financial results for the years ended December 31, 2013 and 2012, are set forth in the following\"},{\"bbox\":[185.5,1891.6,308.8,1939.4],\"text\":\"tables:\"}],\"order\":9,\"text\":\"Unaudited quarterly financial results for the years ended December 31, 2013 and 2012, are set forth in the following\\ntables:\"},{\"bbox\":[1454.5,1991.3,2303.4,2548.3],\"lines\":[{\"bbox\":[1629.0,1993.1,2134.9,2046.4],\"text\":\"Year Ended December 31, 2013\"},{\"bbox\":[1493.7,2054.1,1604.4,2103.1],\"text\":\"1st Qtr\"},{\"bbox\":[1709.0,2056.5,1831.1,2105.6],\"text\":\"2nd Qtr\"},{\"bbox\":[1933.7,2058.9,2048.1,2107.9],\"text\":\"3rd Qtr\"},{\"bbox\":[2155.6,2061.3,2268.2,2110.3],\"text\":\"4th Qtr\"},{\"bbox\":[1458.6,2116.3,1478.2,2164.2],\"text\":\"$\"},{\"bbox\":[1553.2,2117.3,1699.0,2166.6],\"text\":\"1,562 $\"},{\"bbox\":[1774.1,2119.7,1919.9,2169.1],\"text\":\"1,683 $\"},{\"bbox\":[1995.0,2122.1,2140.7,2171.5],\"text\":\"1,637 $\"},{\"bbox\":[2215.8,2124.5,2301.8,2173.2],\"text\":\"1,938\"},{\"bbox\":[1600.1,2180.3,1638.6,2228.5],\"text\":\"95\"},{\"bbox\":[1802.0,2182.5,1859.5,2230.9],\"text\":\"116\"},{\"bbox\":[2022.9,2184.9,2080.4,2233.3],\"text\":\"127\"},{\"bbox\":[2243.8,2187.3,2301.3,2235.7],\"text\":\"174\"},{\"bbox\":[1599.4,2242.8,1637.9,2291.0],\"text\":\"65\"},{\"bbox\":[1820.3,2245.3,1858.8,2293.4],\"text\":\"87\"},{\"bbox\":[2041.2,2247.7,2079.7,2295.8],\"text\":\"99\"},{\"bbox\":[2243.1,2249.9,2300.6,2298.2],\"text\":\"143\"},{\"bbox\":[1598.7,2305.4,1637.2,2353.5],\"text\":\"44\"},{\"bbox\":[1819.6,2307.8,1858.1,2355.9],\"text\":\"57\"},{\"bbox\":[2040.5,2310.2,2079.0,2358.3],\"text\":\"69\"},{\"bbox\":[2261.4,2312.6,2299.9,2360.7],\"text\":\"91\"},{\"bbox\":[1455.9,2366.3,1475.4,2414.3],\"text\":\"$\"},{\"bbox\":[1569.5,2367.6,1696.3,2416.7],\"text\":\"0.10 $\"},{\"bbox\":[1790.3,2370.0,1917.2,2419.1],\"text\":\"0.10 $\"},{\"bbox\":[2011.2,2372.4,2138.0,2421.5],\"text\":\"0.10 $\"},{\"bbox\":[2232.1,2374.8,2299.1,2423.3],\"text\":\"0.20\"},{\"bbox\":[1455.2,2428.8,1474.8,2476.8],\"text\":\"$\"},{\"bbox\":[1568.8,2430.1,1695.6,2479.2],\"text\":\"0.88 $\"},{\"bbox\":[1789.7,2432.5,1916.5,2481.6],\"text\":\"1.14 $\"},{\"bbox\":[2010.5,2434.9,2137.4,2484.0],\"text\":\"1.38 $\"},{\"bbox\":[2231.4,2437.3,2298.4,2485.8],\"text\":\"1.86\"},{\"bbox\":[1454.5,2491.3,1474.1,2539.3],\"text\":\"$\"},{\"bbox\":[1568.1,2492.6,1694.9,2541.7],\"text\":\"0.87 $\"},{\"bbox\":[1789.0,2495.0,1915.8,2544.1],\"text\":\"1.12 $\"},{\"bbox\":[2009.9,2497.4,2136.7,2546.5],\"text\":\"1.36 $\"},{\"bbox\":[2230.7,2499.8,2297.7,2548.3],\"text\":\"1.82\"}],\"order\":10,\"text\":\"Year Ended December 31, 2013\\n1st Qtr\\n2nd Qtr\\n3rd Qtr\\n4th Qtr\\n$\\n1,562 $\\n1,683 $\\n1,637 $\\n1,938\\n95\\n116\\n127\\n174\\n65\\n87\\n99\\n143\\n44\\n57\\n69\\n91\\n$\\n0.10 $\\n0.10 $\\n0.10 $\\n0.20\\n$\\n0.88 $\\n1.14 $\\n1.38 $\\n1.86\\n$\\n0.87 $\\n1.12 $\\n1.36 $\\n1.82\"},{\"bbox\":[187.4,2040.0,855.7,2532.5],\"lines\":[{\"bbox\":[192.2,2040.0,855.7,2094.9],\"text\":\"($ in millions, except per share amounts)\"},{\"bbox\":[191.5,2102.5,611.7,2154.8],\"text\":\"Sales and service revenues\"},{\"bbox\":[190.9,2165.0,554.0,2216.7],\"text\":\"Operating income (loss)\"},{\"bbox\":[190.2,2227.5,735.6,2281.2],\"text\":\"Earnings (loss) before income taxes\"},{\"bbox\":[189.5,2290.0,476.7,2340.9],\"text\":\"Net earnings (loss)\"},{\"bbox\":[188.8,2352.5,633.7,2405.1],\"text\":\"Dividends declared per share\"},{\"bbox\":[188.1,2415.0,659.5,2467.9],\"text\":\"Basic earnings (loss) per share\"},{\"bbox\":[187.4,2477.5,681.6,2530.7],\"text\":\"Diluted earnings (loss) per share\"}],\"order\":11,\"text\":\"($ in millions, except per share amounts)\\nSales and service revenues\\nOperating income (loss)\\nEarnings (loss) before income taxes\\nNet earnings (loss)\\nDividends declared per share\\nBasic earnings (loss) per share\\nDiluted earnings (loss) per share\"},{\"bbox\":[1204.5,3113.5,1274.5,3160.7],\"lines\":[{\"bbox\":[1204.5,3113.5,1274.5,3160.7],\"text\":\"105\"}],\"order\":12,\"text\":\"105\"}],\"doc\":\"fintabnet:HII_2013\",\"dpi\":300,\"image_px\":[2512,3263],\"layout\":[],\"markdown\":\"\\\"Three Factor Formula\\\"). The consolidated financial statements include Northrop Grumman management and\\nsupport services allocations totaling $32 million for the year ended December 31, 2011.\\n\\nShared services and infrastructure costs - This category includes costs for functions such as information technology\\nsupport, systems maintenance, telecommunications, procurement and other shared services while HII was a\\nsubsidiary of Northrop Grumman. These costs were generally allocated to the Company using the Three Factor\\nFormula or based on usage. The consolidated financial statements reflect shared services and infrastructure costs\\nallocations totaling $80 million for the year ended December 31, 2011.\\n\\nNorthrop Grumman-provided benefits - This category includes costs for group medical, dental and vision insurance,\\n401(k) savings plan, pension and postretirement benefits, incentive compensation and other benefits. These costs\\nwere generally allocated to the Company based on specific identification of the benefits provided to Company\\nemployees participating in these benefit plans. The consolidated financial statements include Northrop Grumman-\\nprovided benefits allocations totaling $169 million for the year ended December 31, 2011.\\n\\nManagement believes that the methods of allocating these costs are reasonable, consistent with past practices, and\\nin conformity with cost allocation requirements of CAS or the FAR.\\n\\nRelated Party Sales and Cost of Sales\\n\\nPrior to the spin-off, HII purchased and sold certain products and services from and to other Northrop Grumman\\nentities. Purchases of products and services from these affiliated entities, which were recorded at cost, were $44\\nmillion for the year ended December 31, 2011. Sales of products and services to these entities were $1 million for\\nthe year ended December 31, 2011.\\n\\nFormer Parent's Equity in Unit\\n\\nTransactions between HII and Northrop Grumman prior to the spin-off have been included in the consolidated\\nfinancial statements and were effectively settled for cash at the time the transaction was recorded. The net effect of\\nthe settlement of these transactions is reflected as Former Parent's Equity in Unit in the consolidated statement of\\nchanges in equity.\\n\\n21. UNAUDITED SELECTED QUARTERLY DATA\\n\\nUnaudited quarterly financial results for the years ended December 31, 2013 and 2012, are set forth in the following\\ntables:\\n\\nYear Ended December 31, 2013\\n1st Qtr\\n2nd Qtr\\n3rd Qtr\\n4th Qtr\\n$\\n1,562 $\\n1,683 $\\n1,637 $\\n1,938\\n95\\n116\\n127\\n174\\n65\\n87\\n99\\n143\\n44\\n57\\n69\\n91\\n$\\n0.10 $\\n0.10 $\\n0.10 $\\n0.20\\n$\\n0.88 $\\n1.14 $\\n1.38 $\\n1.86\\n$\\n0.87 $\\n1.12 $\\n1.36 $\\n1.82\\n\\n($ in millions, except per share amounts)\\nSales and service revenues\\nOperating income (loss)\\nEarnings (loss) before income taxes\\nNet earnings (loss)\\nDividends declared per share\\nBasic earnings (loss) per share\\nDiluted earnings (loss) per share\\n\\n105\",\"name\":\"fintabnet.HII_2013_page_116__300dpi_mild\",\"page_id\":\"fintabnet.HII_2013_page_116\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.624,\"source\":\"fintabnet\",\"source_id\":\"HII_2013_page_116\",\"stack\":[{\"deg\":-0.624,\"op\":\"skew\"},{\"amp\":0.071,\"angle\":138.7,\"blob\":0.299,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":3.742},{\"gain\":0.938,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":84}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[187.4,1977.4,2303.4,2548.3],\"block_orders\":[10,11],\"cells\":null}],\"text\":\"\\\"Three Factor Formula\\\"). The consolidated financial statements include Northrop Grumman management and\\nsupport services allocations totaling $32 million for the year ended December 31, 2011.\\n\\nShared services and infrastructure costs - This category includes costs for functions such as information technology\\nsupport, systems maintenance, telecommunications, procurement and other shared services while HII was a\\nsubsidiary of Northrop Grumman. These costs were generally allocated to the Company using the Three Factor\\nFormula or based on usage. The consolidated financial statements reflect shared services and infrastructure costs\\nallocations totaling $80 million for the year ended December 31, 2011.\\n\\nNorthrop Grumman-provided benefits - This category includes costs for group medical, dental and vision insurance,\\n401(k) savings plan, pension and postretirement benefits, incentive compensation and other benefits. These costs\\nwere generally allocated to the Company based on specific identification of the benefits provided to Company\\nemployees participating in these benefit plans. The consolidated financial statements include Northrop Grumman-\\nprovided benefits allocations totaling $169 million for the year ended December 31, 2011.\\n\\nManagement believes that the methods of allocating these costs are reasonable, consistent with past practices, and\\nin conformity with cost allocation requirements of CAS or the FAR.\\n\\nRelated Party Sales and Cost of Sales\\n\\nPrior to the spin-off, HII purchased and sold certain products and services from and to other Northrop Grumman\\nentities. Purchases of products and services from these affiliated entities, which were recorded at cost, were $44\\nmillion for the year ended December 31, 2011. Sales of products and services to these entities were $1 million for\\nthe year ended December 31, 2011.\\n\\nFormer Parent's Equity in Unit\\n\\nTransactions between HII and Northrop Grumman prior to the spin-off have been included in the consolidated\\nfinancial statements and were effectively settled for cash at the time the transaction was recorded. The net effect of\\nthe settlement of these transactions is reflected as Former Parent's Equity in Unit in the consolidated statement of\\nchanges in equity.\\n\\n21. UNAUDITED SELECTED QUARTERLY DATA\\n\\nUnaudited quarterly financial results for the years ended December 31, 2013 and 2012, are set forth in the following\\ntables:\\n\\nYear Ended December 31, 2013\\n1st Qtr\\n2nd Qtr\\n3rd Qtr\\n4th Qtr\\n$\\n1,562 $\\n1,683 $\\n1,637 $\\n1,938\\n95\\n116\\n127\\n174\\n65\\n87\\n99\\n143\\n44\\n57\\n69\\n91\\n$\\n0.10 $\\n0.10 $\\n0.10 $\\n0.20\\n$\\n0.88 $\\n1.14 $\\n1.38 $\\n1.86\\n$\\n0.87 $\\n1.12 $\\n1.36 $\\n1.82\\n\\n($ in millions, except per share amounts)\\nSales and service revenues\\nOperating income (loss)\\nEarnings (loss) before income taxes\\nNet earnings (loss)\\nDividends declared per share\\nBasic earnings (loss) per share\\nDiluted earnings (loss) per share\\n\\n105\"},\"name\":\"fintabnet.HII_2013_page_116__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":1383843,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:HII_2013\",\"dpi\":300,\"gt_sha256\":\"5c4dce37cd34b316481eab5f9d125d88654da9fd52140d8462a8927cf51cff1b\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HII_2013_page_116__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.HII_2013_page_116\",\"pdf_sha256\":\"1de70b9db58ae5981447d23b34ec8804171fd9550bc60411dde8252eee20e6ac\",\"px\":[2512,3263],\"scan\":{\"render\":\"00007ffc7ffc7ffe7ff07c007ffc7ffc7e00403c707e70262020000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"HII_2013_page_116\",\"src\":{\"file_sha256\":\"aac09ed7ed6566a9124e4072365d291180bb5d9df3dcfb4df5c6bfcae2baf487\",\"render\":\"00007ffc7ffc7ffe7ff07c007ffc7ffc7e00403c7c7e70360000000000000000\",\"text\":\"236f327b68d589add4b5197a9abe7fcef9478eac3540f2d7396ce9dcf5aab71b\"},\"stack\":[{\"deg\":-0.624,\"op\":\"skew\"},{\"amp\":0.071,\"angle\":138.7,\"blob\":0.299,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":3.742},{\"gain\":0.938,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":84}],\"tools\":\"21647cade0ee\"},\"sha256\":\"1de70b9db58ae5981447d23b34ec8804171fd9550bc60411dde8252eee20e6ac\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/1de70b9db58ae5981447d23b34ec8804171fd9550bc60411dde8252eee20e6ac.pdf","asset_sha256":"1de70b9db58ae5981447d23b34ec8804171fd9550bc60411dde8252eee20e6ac","document_id":"fintabnet:HII_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HII_2013_page_116\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HOLX_2005_page_40\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HOLX_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[108.3,106.9,736.8,219.7],\"lines\":[{\"bbox\":[108.3,106.9,686.1,119.7],\"text\":\"increase in service revenues was primarily due to the increased number of systems in our installed base.\"},{\"bbox\":[108.3,123.6,710.0,136.3],\"text\":\"Operating income for osteoporosis assessment increased primarily due to increased revenues and, to a much\"},{\"bbox\":[108.3,140.3,715.4,153.0],\"text\":\"lesser extent, a reduction in operating expenses. Our gross margin in this business segment was 44% in fiscal\"},{\"bbox\":[108.3,156.9,708.7,169.7],\"text\":\"2005 compared to 43% in fiscal 2004. The increase in osteoporosis assessment gross margins was primarily\"},{\"bbox\":[108.3,173.6,736.8,186.3],\"text\":\"attributable to the increase in revenues and related improved absorption of manufacturing costs. The reduction in\"},{\"bbox\":[108.3,190.3,733.3,203.0],\"text\":\"operating expenses of $337,000 was primarily attributable to reduced commissions expense, primarily related to\"},{\"bbox\":[108.3,206.9,275.8,219.7],\"text\":\"the shift to international sales.\"}],\"order\":0,\"text\":\"increase in service revenues was primarily due to the increased number of systems in our installed base.\\nOperating income for osteoporosis assessment increased primarily due to increased revenues and, to a much\\nlesser extent, a reduction in operating expenses. Our gross margin in this business segment was 44% in fiscal\\n2005 compared to 43% in fiscal 2004. The increase in osteoporosis assessment gross margins was primarily\\nattributable to the increase in revenues and related improved absorption of manufacturing costs. The reduction in\\noperating expenses of $337,000 was primarily attributable to reduced commissions expense, primarily related to\\nthe shift to international sales.\"},{\"bbox\":[136.1,248.6,236.5,261.2],\"lines\":[{\"bbox\":[136.1,248.6,236.5,261.2],\"text\":\"Digital Detectors.\"}],\"order\":1,\"text\":\"Digital Detectors.\"},{\"bbox\":[407.4,295.0,516.8,343.9],\"lines\":[{\"bbox\":[412.9,295.0,505.8,305.0],\"text\":\"September 24, 2005\"},{\"bbox\":[465.6,311.7,516.8,321.7],\"text\":\"% of Total\"},{\"bbox\":[470.8,322.8,511.6,332.8],\"text\":\"Segment\"},{\"bbox\":[407.4,333.9,446.2,343.9],\"text\":\"Amount\"},{\"bbox\":[470.8,333.9,511.6,343.9],\"text\":\"Revenue\"}],\"order\":2,\"text\":\"September 24, 2005\\n% of Total\\nSegment\\nAmount\\nRevenue\"},{\"bbox\":[536.1,278.3,645.6,343.9],\"lines\":[{\"bbox\":[541.0,278.3,602.5,288.4],\"text\":\"Years Ended\"},{\"bbox\":[541.7,295.0,634.5,305.0],\"text\":\"September 25, 2004\"},{\"bbox\":[594.4,311.7,645.6,321.7],\"text\":\"% of Total\"},{\"bbox\":[599.6,322.8,640.3,332.8],\"text\":\"Segment\"},{\"bbox\":[536.1,333.9,575.0,343.9],\"text\":\"Amount\"},{\"bbox\":[599.6,333.9,640.3,343.9],\"text\":\"Revenue\"}],\"order\":3,\"text\":\"Years Ended\\nSeptember 25, 2004\\n% of Total\\nSegment\\nAmount\\nRevenue\"},{\"bbox\":[664.9,333.9,703.8,343.9],\"lines\":[{\"bbox\":[664.9,333.9,703.8,343.9],\"text\":\"Amount\"}],\"order\":4,\"text\":\"Amount\"},{\"bbox\":[726.8,333.9,737.9,343.9],\"lines\":[{\"bbox\":[726.8,333.9,737.9,343.9],\"text\":\"%\"}],\"order\":5,\"text\":\"%\"},{\"bbox\":[108.3,354.2,388.1,366.9],\"lines\":[{\"bbox\":[108.3,354.2,388.1,366.9],\"text\":\"Total Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Total Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[401.9,354.2,451.7,366.9],\"lines\":[{\"bbox\":[401.9,354.2,451.7,366.9],\"text\":\"$ 21,945\"}],\"order\":7,\"text\":\"$ 21,945\"},{\"bbox\":[480.8,354.2,513.2,366.9],\"lines\":[{\"bbox\":[480.8,354.2,513.2,366.9],\"text\":\"100%\"}],\"order\":8,\"text\":\"100%\"},{\"bbox\":[530.7,354.2,580.5,366.9],\"lines\":[{\"bbox\":[530.7,354.2,580.5,366.9],\"text\":\"$ 15,047\"}],\"order\":9,\"text\":\"$ 15,047\"},{\"bbox\":[609.6,354.2,642.0,366.9],\"lines\":[{\"bbox\":[609.6,354.2,642.0,366.9],\"text\":\"100%\"}],\"order\":10,\"text\":\"100%\"},{\"bbox\":[659.4,354.2,709.2,366.9],\"lines\":[{\"bbox\":[659.4,354.2,709.2,366.9],\"text\":\"$ 6,898\"}],\"order\":11,\"text\":\"$ 6,898\"},{\"bbox\":[727.8,354.2,753.2,366.9],\"lines\":[{\"bbox\":[727.8,354.2,753.2,366.9],\"text\":\"46%\"}],\"order\":12,\"text\":\"46%\"},{\"bbox\":[108.3,379.2,388.1,391.9],\"lines\":[{\"bbox\":[108.3,379.2,388.1,391.9],\"text\":\"Operating Loss . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":13,\"text\":\"Operating Loss . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[408.9,379.2,456.3,391.9],\"lines\":[{\"bbox\":[408.9,379.2,456.3,391.9],\"text\":\"($6,401)\"}],\"order\":14,\"text\":\"($6,401)\"},{\"bbox\":[483.1,379.2,517.8,391.9],\"lines\":[{\"bbox\":[483.1,379.2,517.8,391.9],\"text\":\"(29%)\"}],\"order\":15,\"text\":\"(29%)\"},{\"bbox\":[537.6,379.2,585.1,391.9],\"lines\":[{\"bbox\":[537.6,379.2,585.1,391.9],\"text\":\"($4,833)\"}],\"order\":16,\"text\":\"($4,833)\"},{\"bbox\":[611.9,379.2,646.6,391.9],\"lines\":[{\"bbox\":[611.9,379.2,646.6,391.9],\"text\":\"(32%)\"}],\"order\":17,\"text\":\"(32%)\"},{\"bbox\":[666.4,379.2,757.8,391.9],\"lines\":[{\"bbox\":[666.4,379.2,757.8,391.9],\"text\":\"($1,568) (32%)\"}],\"order\":18,\"text\":\"($1,568) (32%)\"},{\"bbox\":[682.3,295.0,718.7,305.0],\"lines\":[{\"bbox\":[682.3,295.0,718.7,305.0],\"text\":\"Change\"}],\"order\":19,\"text\":\"Change\"},{\"bbox\":[108.3,420.8,739.9,550.2],\"lines\":[{\"bbox\":[136.1,420.8,697.4,433.5],\"text\":\"Digital detector revenues increased primarily due to the increased number of digital detectors sold as\"},{\"bbox\":[108.3,437.5,739.9,450.2],\"text\":\"discussed above and a $629,000 increase in service revenues. The service revenues increase is due to the increase\"},{\"bbox\":[108.3,454.2,712.5,466.9],\"text\":\"in the number of detectors in the installed base. The increase in the digital detector business operating loss is\"},{\"bbox\":[108.3,470.8,668.3,483.5],\"text\":\"primarily due to increases in our warranty expenses, and, to a lesser extent, increases in research and\"},{\"bbox\":[108.3,487.5,706.7,500.2],\"text\":\"development and general and administrative expenses partially offset by the improved gross profit from the\"},{\"bbox\":[108.3,504.2,738.9,516.9],\"text\":\"increased revenues. Our gross margin in this business segment decreased to 10% in fiscal 2005 compared to 15%\"},{\"bbox\":[108.3,520.8,726.9,533.5],\"text\":\"in fiscal 2004. The decrease in gross margin was primarily due to increased warranty expenses. The increase in\"},{\"bbox\":[108.3,537.5,669.4,550.2],\"text\":\"research and development spending was primarily related to our tomosynthesis development project.\"}],\"order\":20,\"text\":\"Digital detector revenues increased primarily due to the increased number of digital detectors sold as\\ndiscussed above and a $629,000 increase in service revenues. The service revenues increase is due to the increase\\nin the number of detectors in the installed base. The increase in the digital detector business operating loss is\\nprimarily due to increases in our warranty expenses, and, to a lesser extent, increases in research and\\ndevelopment and general and administrative expenses partially offset by the improved gross profit from the\\nincreased revenues. Our gross margin in this business segment decreased to 10% in fiscal 2005 compared to 15%\\nin fiscal 2004. The decrease in gross margin was primarily due to increased warranty expenses. The increase in\\nresearch and development spending was primarily related to our tomosynthesis development project.\"},{\"bbox\":[136.1,579.2,172.0,591.7],\"lines\":[{\"bbox\":[136.1,579.2,172.0,591.7],\"text\":\"Other.\"}],\"order\":21,\"text\":\"Other.\"},{\"bbox\":[408.6,625.5,515.7,674.5],\"lines\":[{\"bbox\":[414.2,625.5,507.0,635.6],\"text\":\"September 24, 2005\"},{\"bbox\":[464.5,642.2,515.7,652.3],\"text\":\"% of Total\"},{\"bbox\":[469.7,653.3,510.5,663.4],\"text\":\"Segment\"},{\"bbox\":[408.6,664.4,447.5,674.5],\"text\":\"Amount\"},{\"bbox\":[469.7,664.4,510.5,674.5],\"text\":\"Revenue\"}],\"order\":22,\"text\":\"September 24, 2005\\n% of Total\\nSegment\\nAmount\\nRevenue\"},{\"bbox\":[532.7,608.9,639.8,674.5],\"lines\":[{\"bbox\":[542.8,608.9,604.3,618.9],\"text\":\"Years Ended\"},{\"bbox\":[538.3,625.5,631.1,635.6],\"text\":\"September 25, 2004\"},{\"bbox\":[588.6,642.2,639.8,652.3],\"text\":\"% of Total\"},{\"bbox\":[593.8,653.3,634.6,663.4],\"text\":\"Segment\"},{\"bbox\":[532.7,664.4,571.6,674.5],\"text\":\"Amount\"},{\"bbox\":[593.8,664.4,634.6,674.5],\"text\":\"Revenue\"}],\"order\":23,\"text\":\"Years Ended\\nSeptember 25, 2004\\n% of Total\\nSegment\\nAmount\\nRevenue\"},{\"bbox\":[655.6,664.4,694.5,674.5],\"lines\":[{\"bbox\":[655.6,664.4,694.5,674.5],\"text\":\"Amount\"}],\"order\":24,\"text\":\"Amount\"},{\"bbox\":[720.5,664.4,731.6,674.5],\"lines\":[{\"bbox\":[720.5,664.4,731.6,674.5],\"text\":\"%\"}],\"order\":25,\"text\":\"%\"},{\"bbox\":[108.3,684.7,391.6,697.4],\"lines\":[{\"bbox\":[108.3,684.7,391.6,697.4],\"text\":\"Total Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":26,\"text\":\"Total Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[405.5,684.7,450.6,697.4],\"lines\":[{\"bbox\":[405.5,684.7,450.6,697.4],\"text\":\"$23,414\"}],\"order\":27,\"text\":\"$23,414\"},{\"bbox\":[479.7,684.7,512.1,697.4],\"lines\":[{\"bbox\":[479.7,684.7,512.1,697.4],\"text\":\"100%\"}],\"order\":28,\"text\":\"100%\"},{\"bbox\":[529.6,684.7,574.7,697.4],\"lines\":[{\"bbox\":[529.6,684.7,574.7,697.4],\"text\":\"$30,596\"}],\"order\":29,\"text\":\"$30,596\"},{\"bbox\":[603.8,684.7,636.2,697.4],\"lines\":[{\"bbox\":[603.8,684.7,636.2,697.4],\"text\":\"100%\"}],\"order\":30,\"text\":\"100%\"},{\"bbox\":[653.7,684.7,701.1,697.4],\"lines\":[{\"bbox\":[653.7,684.7,701.1,697.4],\"text\":\"($7,182)\"}],\"order\":31,\"text\":\"($7,182)\"},{\"bbox\":[723.1,684.7,757.8,697.4],\"lines\":[{\"bbox\":[723.1,684.7,757.8,697.4],\"text\":\"(23%)\"}],\"order\":32,\"text\":\"(23%)\"},{\"bbox\":[108.3,709.7,391.6,722.4],\"lines\":[{\"bbox\":[108.3,709.7,391.6,722.4],\"text\":\"Operating Income . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":33,\"text\":\"Operating Income . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[405.5,709.7,450.6,722.4],\"lines\":[{\"bbox\":[405.5,709.7,450.6,722.4],\"text\":\"$ 3,996\"}],\"order\":34,\"text\":\"$ 3,996\"},{\"bbox\":[486.7,709.7,512.1,722.4],\"lines\":[{\"bbox\":[486.7,709.7,512.1,722.4],\"text\":\"17%\"}],\"order\":35,\"text\":\"17%\"},{\"bbox\":[529.6,709.7,536.5,722.4],\"lines\":[{\"bbox\":[529.6,709.7,536.5,722.4],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[617.7,709.7,636.2,722.4],\"lines\":[{\"bbox\":[617.7,709.7,636.2,722.4],\"text\":\"1%\"}],\"order\":37,\"text\":\"1%\"},{\"bbox\":[653.7,709.7,696.5,722.4],\"lines\":[{\"bbox\":[653.7,709.7,696.5,722.4],\"text\":\"$ 3,669\"}],\"order\":38,\"text\":\"$ 3,669\"},{\"bbox\":[710.4,709.7,753.2,722.4],\"lines\":[{\"bbox\":[710.4,709.7,753.2,722.4],\"text\":\"1,122%\"}],\"order\":39,\"text\":\"1,122%\"},{\"bbox\":[553.9,709.7,574.7,722.4],\"lines\":[{\"bbox\":[553.9,709.7,574.7,722.4],\"text\":\"327\"}],\"order\":40,\"text\":\"327\"},{\"bbox\":[679.4,625.5,715.9,635.6],\"lines\":[{\"bbox\":[679.4,625.5,715.9,635.6],\"text\":\"Change\"}],\"order\":41,\"text\":\"Change\"},{\"bbox\":[108.3,751.4,731.7,880.8],\"lines\":[{\"bbox\":[136.1,751.4,671.3,764.1],\"text\":\"Revenues for this business segment, which includes the mini C-arm business, the digital general\"},{\"bbox\":[108.3,768.0,718.9,780.8],\"text\":\"radiography business and the conventional general radiography service business, decreased primarily due to a\"},{\"bbox\":[108.3,784.7,729.0,797.4],\"text\":\"$5.9 million decrease in digital general radiography systems sold worldwide, as a result of our phase out of that\"},{\"bbox\":[108.3,801.4,699.5,814.1],\"text\":\"business, and a $1.1 million decrease in product sales of our mini C-arm products as discussed above. The\"},{\"bbox\":[108.3,818.0,731.7,830.8],\"text\":\"improvements in operating income were primarily due to lower operating expenses as a result of our decision to\"},{\"bbox\":[108.3,834.7,728.9,847.4],\"text\":\"de-emphasize the digital general radiography systems business, which has been substantially phased out, and to\"},{\"bbox\":[108.3,851.4,730.5,864.1],\"text\":\"reallocate resources and costs in order to focus on the more profitable and faster growing digital mammography\"},{\"bbox\":[108.3,868.0,155.8,880.8],\"text\":\"systems.\"}],\"order\":42,\"text\":\"Revenues for this business segment, which includes the mini C-arm business, the digital general\\nradiography business and the conventional general radiography service business, decreased primarily due to a\\n$5.9 million decrease in digital general radiography systems sold worldwide, as a result of our phase out of that\\nbusiness, and a $1.1 million decrease in product sales of our mini C-arm products as discussed above. The\\nimprovements in operating income were primarily due to lower operating expenses as a result of our decision to\\nde-emphasize the digital general radiography systems business, which has been substantially phased out, and to\\nreallocate resources and costs in order to focus on the more profitable and faster growing digital mammography\\nsystems.\"},{\"bbox\":[418.1,990.3,431.9,1003.0],\"lines\":[{\"bbox\":[418.1,990.3,431.9,1003.0],\"text\":\"32\"}],\"order\":43,\"text\":\"32\"}],\"doc\":\"fintabnet:HOLX_2005\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"increase in service revenues was primarily due to the increased number of systems in our installed base.\\nOperating income for osteoporosis assessment increased primarily due to increased revenues and, to a much\\nlesser extent, a reduction in operating expenses. Our gross margin in this business segment was 44% in fiscal\\n2005 compared to 43% in fiscal 2004. The increase in osteoporosis assessment gross margins was primarily\\nattributable to the increase in revenues and related improved absorption of manufacturing costs. The reduction in\\noperating expenses of $337,000 was primarily attributable to reduced commissions expense, primarily related to\\nthe shift to international sales.\\n\\nDigital Detectors.\\n\\nSeptember 24, 2005\\n% of Total\\nSegment\\nAmount\\nRevenue\\n\\nYears Ended\\nSeptember 25, 2004\\n% of Total\\nSegment\\nAmount\\nRevenue\\n\\nAmount\\n\\n%\\n\\nTotal Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 21,945\\n\\n100%\\n\\n$ 15,047\\n\\n100%\\n\\n$ 6,898\\n\\n46%\\n\\nOperating Loss . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n($6,401)\\n\\n(29%)\\n\\n($4,833)\\n\\n(32%)\\n\\n($1,568) (32%)\\n\\nChange\\n\\nDigital detector revenues increased primarily due to the increased number of digital detectors sold as\\ndiscussed above and a $629,000 increase in service revenues. The service revenues increase is due to the increase\\nin the number of detectors in the installed base. The increase in the digital detector business operating loss is\\nprimarily due to increases in our warranty expenses, and, to a lesser extent, increases in research and\\ndevelopment and general and administrative expenses partially offset by the improved gross profit from the\\nincreased revenues. Our gross margin in this business segment decreased to 10% in fiscal 2005 compared to 15%\\nin fiscal 2004. The decrease in gross margin was primarily due to increased warranty expenses. The increase in\\nresearch and development spending was primarily related to our tomosynthesis development project.\\n\\nOther.\\n\\nSeptember 24, 2005\\n% of Total\\nSegment\\nAmount\\nRevenue\\n\\nYears Ended\\nSeptember 25, 2004\\n% of Total\\nSegment\\nAmount\\nRevenue\\n\\nAmount\\n\\n%\\n\\nTotal Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$23,414\\n\\n100%\\n\\n$30,596\\n\\n100%\\n\\n($7,182)\\n\\n(23%)\\n\\nOperating Income . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 3,996\\n\\n17%\\n\\n$\\n\\n1%\\n\\n$ 3,669\\n\\n1,122%\\n\\n327\\n\\nChange\\n\\nRevenues for this business segment, which includes the mini C-arm business, the digital general\\nradiography business and the conventional general radiography service business, decreased primarily due to a\\n$5.9 million decrease in digital general radiography systems sold worldwide, as a result of our phase out of that\\nbusiness, and a $1.1 million decrease in product sales of our mini C-arm products as discussed above. The\\nimprovements in operating income were primarily due to lower operating expenses as a result of our decision to\\nde-emphasize the digital general radiography systems business, which has been substantially phased out, and to\\nreallocate resources and costs in order to focus on the more profitable and faster growing digital mammography\\nsystems.\\n\\n32\",\"name\":\"fintabnet.HOLX_2005_page_40__100dpi_medium\",\"page_id\":\"fintabnet.HOLX_2005_page_40\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"HOLX_2005_page_40\",\"stack\":[{\"amp\":0.128,\"angle\":287.1,\"blob\":0.683,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.802},{\"op\":\"noise\",\"sigma\":6.987},{\"offset\":-0.047,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[108.3,275.8,757.8,391.9],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19],\"cells\":null},{\"bbox\":[108.3,606.3,757.8,722.5],\"block_orders\":[22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41],\"cells\":null}],\"text\":\"increase in service revenues was primarily due to the increased number of systems in our installed base.\\nOperating income for osteoporosis assessment increased primarily due to increased revenues and, to a much\\nlesser extent, a reduction in operating expenses. Our gross margin in this business segment was 44% in fiscal\\n2005 compared to 43% in fiscal 2004. The increase in osteoporosis assessment gross margins was primarily\\nattributable to the increase in revenues and related improved absorption of manufacturing costs. The reduction in\\noperating expenses of $337,000 was primarily attributable to reduced commissions expense, primarily related to\\nthe shift to international sales.\\n\\nDigital Detectors.\\n\\nSeptember 24, 2005\\n% of Total\\nSegment\\nAmount\\nRevenue\\n\\nYears Ended\\nSeptember 25, 2004\\n% of Total\\nSegment\\nAmount\\nRevenue\\n\\nAmount\\n\\n%\\n\\nTotal Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 21,945\\n\\n100%\\n\\n$ 15,047\\n\\n100%\\n\\n$ 6,898\\n\\n46%\\n\\nOperating Loss . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n($6,401)\\n\\n(29%)\\n\\n($4,833)\\n\\n(32%)\\n\\n($1,568) (32%)\\n\\nChange\\n\\nDigital detector revenues increased primarily due to the increased number of digital detectors sold as\\ndiscussed above and a $629,000 increase in service revenues. The service revenues increase is due to the increase\\nin the number of detectors in the installed base. The increase in the digital detector business operating loss is\\nprimarily due to increases in our warranty expenses, and, to a lesser extent, increases in research and\\ndevelopment and general and administrative expenses partially offset by the improved gross profit from the\\nincreased revenues. Our gross margin in this business segment decreased to 10% in fiscal 2005 compared to 15%\\nin fiscal 2004. The decrease in gross margin was primarily due to increased warranty expenses. The increase in\\nresearch and development spending was primarily related to our tomosynthesis development project.\\n\\nOther.\\n\\nSeptember 24, 2005\\n% of Total\\nSegment\\nAmount\\nRevenue\\n\\nYears Ended\\nSeptember 25, 2004\\n% of Total\\nSegment\\nAmount\\nRevenue\\n\\nAmount\\n\\n%\\n\\nTotal Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$23,414\\n\\n100%\\n\\n$30,596\\n\\n100%\\n\\n($7,182)\\n\\n(23%)\\n\\nOperating Income . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 3,996\\n\\n17%\\n\\n$\\n\\n1%\\n\\n$ 3,669\\n\\n1,122%\\n\\n327\\n\\nChange\\n\\nRevenues for this business segment, which includes the mini C-arm business, the digital general\\nradiography business and the conventional general radiography service business, decreased primarily due to a\\n$5.9 million decrease in digital general radiography systems sold worldwide, as a result of our phase out of that\\nbusiness, and a $1.1 million decrease in product sales of our mini C-arm products as discussed above. The\\nimprovements in operating income were primarily due to lower operating expenses as a result of our decision to\\nde-emphasize the digital general radiography systems business, which has been substantially phased out, and to\\nreallocate resources and costs in order to focus on the more profitable and faster growing digital mammography\\nsystems.\\n\\n32\"},\"name\":\"fintabnet.HOLX_2005_page_40__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":19477,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:HOLX_2005\",\"dpi\":100,\"gt_sha256\":\"fbd4af8fdf370e959587f66b109450dafa339d927ca5eba5a7294e2f6878e087\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HOLX_2005_page_40__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.HOLX_2005_page_40\",\"pdf_sha256\":\"2b9627bf1f907de658c4dceba0034424e0411861ad53b4d79d14a1d0fc8eea4b\",\"px\":[850,1100],\"scan\":{\"render\":\"00003ff83ffc380000fc21fc3ff83ffc000000fc30fc3ffc3ffc000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"HOLX_2005_page_40\",\"src\":{\"file_sha256\":\"7129a79e3c167f18f4536c199a81c9397b0290f044b176cd3514dc5360155b21\",\"render\":\"00003ff83ffc100000fc21fc3ff83ffc000001fc31fc3ffc3ffc000000000000\",\"text\":\"703047c05f5247967919a2d8c7f9ab68662fb26a8cbcc22bd969c2009ff0bc23\"},\"stack\":[{\"amp\":0.128,\"angle\":287.1,\"blob\":0.683,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.802},{\"op\":\"noise\",\"sigma\":6.987},{\"offset\":-0.047,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"2b9627bf1f907de658c4dceba0034424e0411861ad53b4d79d14a1d0fc8eea4b\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/2b9627bf1f907de658c4dceba0034424e0411861ad53b4d79d14a1d0fc8eea4b.pdf","asset_sha256":"2b9627bf1f907de658c4dceba0034424e0411861ad53b4d79d14a1d0fc8eea4b","document_id":"fintabnet:HOLX_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HOLX_2005_page_40\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HOLX_2010_page_140\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HOLX_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[75.0,107.5,193.9,123.3],\"lines\":[{\"bbox\":[75.0,107.5,193.9,123.3],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[589.3,150.8,679.3,169.3],\"lines\":[{\"bbox\":[589.3,150.8,679.3,169.3],\"text\":\"Hologic, Inc.\"}],\"order\":1,\"text\":\"Hologic, Inc.\"},{\"bbox\":[423.6,179.4,844.5,221.3],\"lines\":[{\"bbox\":[423.6,179.4,843.9,199.2],\"text\":\"Notes to Consolidated Financial Statements (continued)\"},{\"bbox\":[423.6,200.7,844.5,221.3],\"text\":\"(all tabular amounts in thousands except per share data)\"}],\"order\":2,\"text\":\"Notes to Consolidated Financial Statements (continued)\\n(all tabular amounts in thousands except per share data)\"},{\"bbox\":[75.0,239.1,1182.7,455.6],\"lines\":[{\"bbox\":[118.8,239.1,1127.2,258.6],\"text\":\"The effective tax rate for fiscal 2010 was significantly impacted by the goodwill impairment charge recorded in the fourth quarter of fiscal 2010,\"},{\"bbox\":[75.0,260.9,1144.9,280.5],\"text\":\"substantially all of which was not deductible for tax purposes. In addition, the Company recorded provision to return adjustments and additional reserve\"},{\"bbox\":[75.0,283.0,1101.4,302.3],\"text\":\"needs partially offset by the reversal of reserves no longer required. The reserves no longer required principally related to the sale of the Company’s\"},{\"bbox\":[75.0,304.6,1170.0,324.3],\"text\":\"manufacturing operation in Shanghai, China in the second quarter of fiscal 2010, and the expiration of the statute of limitations in several jurisdictions. The\"},{\"bbox\":[75.0,326.6,1176.5,346.1],\"text\":\"effective tax rate for fiscal 2009 was significantly impacted by the goodwill impairment charge recorded in the second quarter of fiscal 2009, substantially all\"},{\"bbox\":[75.0,348.5,1123.4,368.0],\"text\":\"of which was not deductible for tax purposes. In addition, the tax provision for fiscal 2009 included a reversal for a charge recorded in fiscal 2008 for\"},{\"bbox\":[75.0,370.3,1182.7,389.9],\"text\":\"approximately $2.3 million related to a clarification in Massachusetts tax law on apportionment for affiliates of manufacturing companies. The Company also\"},{\"bbox\":[75.0,392.1,1153.0,411.8],\"text\":\"recorded an additional $1.3 million in anticipation of losing its tax holiday status due to the closure of its manufacturing facility in Shanghai, China. The\"},{\"bbox\":[75.0,414.3,1168.9,433.6],\"text\":\"effective tax rate for fiscal 2008 was significantly impacted by the acquired in-process research and development charge related to the merger with Cytyc and\"},{\"bbox\":[75.0,435.8,462.8,455.6],\"text\":\"Third Wave acquisition, which was not tax deductible.\"}],\"order\":3,\"text\":\"The effective tax rate for fiscal 2010 was significantly impacted by the goodwill impairment charge recorded in the fourth quarter of fiscal 2010,\\nsubstantially all of which was not deductible for tax purposes. In addition, the Company recorded provision to return adjustments and additional reserve\\nneeds partially offset by the reversal of reserves no longer required. The reserves no longer required principally related to the sale of the Company’s\\nmanufacturing operation in Shanghai, China in the second quarter of fiscal 2010, and the expiration of the statute of limitations in several jurisdictions. The\\neffective tax rate for fiscal 2009 was significantly impacted by the goodwill impairment charge recorded in the second quarter of fiscal 2009, substantially all\\nof which was not deductible for tax purposes. In addition, the tax provision for fiscal 2009 included a reversal for a charge recorded in fiscal 2008 for\\napproximately $2.3 million related to a clarification in Massachusetts tax law on apportionment for affiliates of manufacturing companies. The Company also\\nrecorded an additional $1.3 million in anticipation of losing its tax holiday status due to the closure of its manufacturing facility in Shanghai, China. The\\neffective tax rate for fiscal 2008 was significantly impacted by the acquired in-process research and development charge related to the merger with Cytyc and\\nThird Wave acquisition, which was not tax deductible.\"},{\"bbox\":[75.0,473.6,1187.7,624.3],\"lines\":[{\"bbox\":[118.8,473.6,1180.2,493.1],\"text\":\"Under ASC 740, the Company can only recognize a deferred tax asset for the future benefit of its tax loss and credit carryforwards to the extent that it is\"},{\"bbox\":[75.0,495.5,1187.7,514.9],\"text\":\"“more likely than not” that these assets will be realized. After considering all available positive and negative evidence, the Company has established a valuation\"},{\"bbox\":[75.0,517.4,1179.0,536.8],\"text\":\"allowance against a portion of its remaining deferred tax assets because it is more likely than not that a portion of its tax loss carryforward will not be realized.\"},{\"bbox\":[75.0,539.2,1167.7,558.7],\"text\":\"In determining the realizability of these assets, the Company considered numerous factors, including historical profitability, estimated future taxable income\"},{\"bbox\":[75.0,561.0,1173.1,580.7],\"text\":\"and the industry in which it operates. The valuation allowance decreased $2.9 million in fiscal 2010 from fiscal 2009 primarily due to the transfer of certain\"},{\"bbox\":[75.0,583.0,1172.2,602.5],\"text\":\"fully reserved tax attributes in conjunction with the sale of the Company’s manufacturing operations in Shanghai, China and the expiration of certain federal\"},{\"bbox\":[75.0,605.2,214.6,624.3],\"text\":\"net operating losses.\"}],\"order\":4,\"text\":\"Under ASC 740, the Company can only recognize a deferred tax asset for the future benefit of its tax loss and credit carryforwards to the extent that it is\\n“more likely than not” that these assets will be realized. After considering all available positive and negative evidence, the Company has established a valuation\\nallowance against a portion of its remaining deferred tax assets because it is more likely than not that a portion of its tax loss carryforward will not be realized.\\nIn determining the realizability of these assets, the Company considered numerous factors, including historical profitability, estimated future taxable income\\nand the industry in which it operates. The valuation allowance decreased $2.9 million in fiscal 2010 from fiscal 2009 primarily due to the transfer of certain\\nfully reserved tax attributes in conjunction with the sale of the Company’s manufacturing operations in Shanghai, China and the expiration of certain federal\\nnet operating losses.\"},{\"bbox\":[75.0,642.5,1184.0,705.6],\"lines\":[{\"bbox\":[118.8,642.5,1184.0,661.9],\"text\":\"During fiscal 2010, the Company recorded a $0.8 million increase to capital in excess of par and a $1.1 million decrease to goodwill related to the excess\"},{\"bbox\":[75.0,664.2,1174.3,683.8],\"text\":\"tax benefit of stock options exercised in fiscal 2010. During fiscal 2009, the Company recorded a $1.6 million increase to capital in excess of par and a $1.1\"},{\"bbox\":[75.0,686.5,774.3,705.6],\"text\":\"million decrease to goodwill related to the excess tax benefit of stock options exercised in fiscal 2009.\"}],\"order\":5,\"text\":\"During fiscal 2010, the Company recorded a $0.8 million increase to capital in excess of par and a $1.1 million decrease to goodwill related to the excess\\ntax benefit of stock options exercised in fiscal 2010. During fiscal 2009, the Company recorded a $1.6 million increase to capital in excess of par and a $1.1\\nmillion decrease to goodwill related to the excess tax benefit of stock options exercised in fiscal 2009.\"},{\"bbox\":[75.0,723.4,1168.5,830.7],\"lines\":[{\"bbox\":[118.8,723.4,1160.8,743.3],\"text\":\"As of September 25, 2010, the Company had gross federal, state and foreign net operating losses of $137.5 million, $4.9 million and $32.8 million\"},{\"bbox\":[75.0,745.4,1159.6,765.1],\"text\":\"respectively, and federal, state and foreign credit carryforwards of $5.9 million, $8.7 million and $0.3 million respectively, that it believes are more likely\"},{\"bbox\":[75.0,767.5,1168.5,787.0],\"text\":\"than not that they will be realized. The $137.5 million federal net operating losses exclude $9.5 million of net operating losses, which the Company believes\"},{\"bbox\":[75.0,789.5,1128.2,808.8],\"text\":\"will expire unutilized. The $4.9 million state net operating losses exclude $23.3 million of net operating losses, which the Company believes will expire\"},{\"bbox\":[75.0,811.3,900.2,830.7],\"text\":\"unutilized. The following table summarizes the expiration periods of the net operating losses and credit carryforwards:\"}],\"order\":6,\"text\":\"As of September 25, 2010, the Company had gross federal, state and foreign net operating losses of $137.5 million, $4.9 million and $32.8 million\\nrespectively, and federal, state and foreign credit carryforwards of $5.9 million, $8.7 million and $0.3 million respectively, that it believes are more likely\\nthan not that they will be realized. The $137.5 million federal net operating losses exclude $9.5 million of net operating losses, which the Company believes\\nwill expire unutilized. The $4.9 million state net operating losses exclude $23.3 million of net operating losses, which the Company believes will expire\\nunutilized. The following table summarizes the expiration periods of the net operating losses and credit carryforwards:\"},{\"bbox\":[636.2,866.6,693.6,881.4],\"lines\":[{\"bbox\":[636.2,866.6,693.6,881.4],\"text\":\"2010-2016\"}],\"order\":7,\"text\":\"2010-2016\"},{\"bbox\":[728.5,866.6,785.8,881.4],\"lines\":[{\"bbox\":[728.5,866.6,785.8,881.4],\"text\":\"2017-2021\"}],\"order\":8,\"text\":\"2017-2021\"},{\"bbox\":[662.8,882.1,695.4,1056.1],\"lines\":[{\"bbox\":[662.8,882.1,695.4,902.9],\"text\":\"966\"},{\"bbox\":[665.9,904.0,695.4,924.8],\"text\":\"279\"},{\"bbox\":[667.5,925.9,686.1,946.7],\"text\":\"—\"},{\"bbox\":[667.5,947.8,695.4,968.6],\"text\":\"139\"},{\"bbox\":[667.5,969.7,686.1,990.5],\"text\":\"—\"},{\"bbox\":[667.5,991.6,686.1,1012.3],\"text\":\"—\"},{\"bbox\":[667.5,1013.4,686.1,1034.2],\"text\":\"—\"},{\"bbox\":[664.4,1035.3,695.4,1056.1],\"text\":\"926\"}],\"order\":9,\"text\":\"966\\n279\\n—\\n139\\n—\\n—\\n—\\n926\"},{\"bbox\":[736.3,882.1,787.6,1012.3],\"lines\":[{\"bbox\":[736.3,882.1,787.4,902.9],\"text\":\"29,310\"},{\"bbox\":[776.9,904.0,786.2,924.8],\"text\":\"9\"},{\"bbox\":[759.7,925.9,787.6,946.7],\"text\":\"271\"},{\"bbox\":[744.1,947.8,787.5,968.6],\"text\":\"2,580\"},{\"bbox\":[759.7,969.7,778.3,990.5],\"text\":\"—\"},{\"bbox\":[741.0,991.6,787.5,1012.3],\"text\":\"1,265\"}],\"order\":10,\"text\":\"29,310\\n9\\n271\\n2,580\\n—\\n1,265\"},{\"bbox\":[75.0,883.6,265.7,990.2],\"lines\":[{\"bbox\":[75.0,883.6,264.2,902.6],\"text\":\"Federal net operating losses\"},{\"bbox\":[75.0,905.3,248.7,924.5],\"text\":\"State net operating losses\"},{\"bbox\":[75.0,927.4,265.7,946.3],\"text\":\"Foreign net operating losses\"},{\"bbox\":[75.0,949.0,219.2,968.3],\"text\":\"Federal R&D credits\"},{\"bbox\":[75.0,970.7,150.4,990.2],\"text\":\"CA credits\"}],\"order\":11,\"text\":\"Federal net operating losses\\nState net operating losses\\nForeign net operating losses\\nFederal R&D credits\\nCA credits\"},{\"bbox\":[75.0,991.9,153.5,1055.9],\"lines\":[{\"bbox\":[75.0,991.9,151.3,1012.2],\"text\":\"CT credits\"},{\"bbox\":[75.0,1014.6,153.5,1033.9],\"text\":\"MA credits\"},{\"bbox\":[75.0,1036.3,144.8,1055.9],\"text\":\"IN credits\"}],\"order\":12,\"text\":\"CT credits\\nMA credits\\nIN credits\"},{\"bbox\":[761.3,1014.4,787.6,1034.0],\"lines\":[{\"bbox\":[761.3,1014.4,787.6,1034.0],\"text\":\"600\"}],\"order\":13,\"text\":\"600\"},{\"bbox\":[762.8,1037.2,787.7,1055.7],\"lines\":[{\"bbox\":[762.8,1037.2,787.7,1055.7],\"text\":\"410\"}],\"order\":14,\"text\":\"410\"},{\"bbox\":[822.2,850.5,970.3,881.3],\"lines\":[{\"bbox\":[856.6,850.5,962.1,864.0],\"text\":\"Period of Expiration\"},{\"bbox\":[822.2,867.3,876.5,881.3],\"text\":\"2022-2026\"},{\"bbox\":[914.5,867.0,970.3,881.3],\"text\":\"2027-2031\"}],\"order\":15,\"text\":\"Period of Expiration\\n2022-2026\\n2027-2031\"},{\"bbox\":[826.9,882.1,881.3,1056.1],\"lines\":[{\"bbox\":[826.9,882.1,881.2,902.9],\"text\":\"46,789\"},{\"bbox\":[837.9,904.0,881.3,924.8],\"text\":\"1,146\"},{\"bbox\":[826.9,925.9,881.2,946.7],\"text\":\"17,779\"},{\"bbox\":[833.2,947.8,881.3,968.6],\"text\":\"2,965\"},{\"bbox\":[853.5,969.7,872.1,990.5],\"text\":\"—\"},{\"bbox\":[837.9,991.6,881.3,1012.3],\"text\":\"1,839\"},{\"bbox\":[839.4,1013.4,881.3,1034.2],\"text\":\"1,238\"},{\"bbox\":[853.5,1035.3,872.1,1056.1],\"text\":\"—\"}],\"order\":16,\"text\":\"46,789\\n1,146\\n17,779\\n2,965\\n—\\n1,839\\n1,238\\n—\"},{\"bbox\":[922.3,882.6,972.1,1056.1],\"lines\":[{\"bbox\":[922.3,882.6,971.9,902.8],\"text\":\"60,438\"},{\"bbox\":[931.7,904.6,972.0,924.6],\"text\":\"3,445\"},{\"bbox\":[944.2,925.9,962.8,946.7],\"text\":\"—\"},{\"bbox\":[944.2,947.8,972.1,968.6],\"text\":\"254\"},{\"bbox\":[944.2,969.7,962.8,990.5],\"text\":\"—\"},{\"bbox\":[944.2,991.6,962.8,1012.3],\"text\":\"—\"},{\"bbox\":[944.2,1013.4,962.8,1034.2],\"text\":\"—\"},{\"bbox\":[944.2,1035.3,962.8,1056.1],\"text\":\"—\"}],\"order\":17,\"text\":\"60,438\\n3,445\\n—\\n254\\n—\\n—\\n—\\n—\"},{\"bbox\":[1006.7,867.6,1078.1,881.2],\"lines\":[{\"bbox\":[1006.7,867.6,1078.1,881.2],\"text\":\"No expiration\"}],\"order\":18,\"text\":\"No expiration\"},{\"bbox\":[1030.2,882.1,1081.5,1056.1],\"lines\":[{\"bbox\":[1053.6,882.1,1072.2,902.9],\"text\":\"—\"},{\"bbox\":[1053.6,904.0,1072.2,924.8],\"text\":\"—\"},{\"bbox\":[1030.2,925.9,1081.3,946.7],\"text\":\"14,794\"},{\"bbox\":[1050.5,947.8,1081.5,968.6],\"text\":\"299\"},{\"bbox\":[1033.3,969.7,1081.4,990.5],\"text\":\"1,959\"},{\"bbox\":[1053.6,991.6,1072.2,1012.3],\"text\":\"—\"},{\"bbox\":[1052.1,1013.4,1081.5,1034.2],\"text\":\"506\"},{\"bbox\":[1053.6,1035.3,1072.2,1056.1],\"text\":\"—\"}],\"order\":19,\"text\":\"—\\n—\\n14,794\\n299\\n1,959\\n—\\n506\\n—\"},{\"bbox\":[1134.9,867.7,1162.4,881.2],\"lines\":[{\"bbox\":[1134.9,867.7,1162.4,881.2],\"text\":\"Total\"}],\"order\":20,\"text\":\"Total\"},{\"bbox\":[1125.5,882.6,1184.6,1056.1],\"lines\":[{\"bbox\":[1125.5,882.6,1184.5,902.8],\"text\":\"137,503\"},{\"bbox\":[1141.2,904.0,1184.6,924.8],\"text\":\"4,879\"},{\"bbox\":[1136.5,926.9,1184.5,946.4],\"text\":\"32,844\"},{\"bbox\":[1141.2,947.8,1184.6,968.6],\"text\":\"6,237\"},{\"bbox\":[1136.5,969.7,1184.6,990.5],\"text\":\"1,959\"},{\"bbox\":[1145.8,992.8,1184.6,1012.0],\"text\":\"3,104\"},{\"bbox\":[1145.8,1014.7,1184.6,1033.9],\"text\":\"2,344\"},{\"bbox\":[1142.7,1035.3,1184.6,1056.1],\"text\":\"1,336\"}],\"order\":21,\"text\":\"137,503\\n4,879\\n32,844\\n6,237\\n1,959\\n3,104\\n2,344\\n1,336\"},{\"bbox\":[619.0,1074.1,651.6,1093.3],\"lines\":[{\"bbox\":[619.0,1074.1,651.6,1093.3],\"text\":\"F-49\"}],\"order\":22,\"text\":\"F-49\"},{\"bbox\":[76.3,1583.0,342.1,1604.0],\"lines\":[{\"bbox\":[76.3,1583.0,342.1,1604.0],\"text\":\"Source: HOLOGIC INC, 10-K, November 24, 2010\"}],\"order\":23,\"text\":\"Source: HOLOGIC INC, 10-K, November 24, 2010\"},{\"bbox\":[933.2,1582.4,1197.6,1604.0],\"lines\":[{\"bbox\":[933.2,1582.4,1197.6,1604.0],\"text\":\"Powered by Morningstar ® Document Research ℠\"}],\"order\":24,\"text\":\"Powered by Morningstar ® Document Research ℠\"},{\"bbox\":[75.0,1605.3,1176.8,1627.7],\"lines\":[{\"bbox\":[75.0,1605.3,1176.8,1617.1],\"text\":\"The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,\"},{\"bbox\":[75.0,1615.9,819.8,1627.7],\"text\":\"except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.\"}],\"order\":25,\"text\":\"The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,\\nexcept to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.\"}],\"doc\":\"fintabnet:HOLX_2010\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nHologic, Inc.\\n\\nNotes to Consolidated Financial Statements (continued)\\n(all tabular amounts in thousands except per share data)\\n\\nThe effective tax rate for fiscal 2010 was significantly impacted by the goodwill impairment charge recorded in the fourth quarter of fiscal 2010,\\nsubstantially all of which was not deductible for tax purposes. In addition, the Company recorded provision to return adjustments and additional reserve\\nneeds partially offset by the reversal of reserves no longer required. The reserves no longer required principally related to the sale of the Company’s\\nmanufacturing operation in Shanghai, China in the second quarter of fiscal 2010, and the expiration of the statute of limitations in several jurisdictions. The\\neffective tax rate for fiscal 2009 was significantly impacted by the goodwill impairment charge recorded in the second quarter of fiscal 2009, substantially all\\nof which was not deductible for tax purposes. In addition, the tax provision for fiscal 2009 included a reversal for a charge recorded in fiscal 2008 for\\napproximately $2.3 million related to a clarification in Massachusetts tax law on apportionment for affiliates of manufacturing companies. The Company also\\nrecorded an additional $1.3 million in anticipation of losing its tax holiday status due to the closure of its manufacturing facility in Shanghai, China. The\\neffective tax rate for fiscal 2008 was significantly impacted by the acquired in-process research and development charge related to the merger with Cytyc and\\nThird Wave acquisition, which was not tax deductible.\\n\\nUnder ASC 740, the Company can only recognize a deferred tax asset for the future benefit of its tax loss and credit carryforwards to the extent that it is\\n“more likely than not” that these assets will be realized. After considering all available positive and negative evidence, the Company has established a valuation\\nallowance against a portion of its remaining deferred tax assets because it is more likely than not that a portion of its tax loss carryforward will not be realized.\\nIn determining the realizability of these assets, the Company considered numerous factors, including historical profitability, estimated future taxable income\\nand the industry in which it operates. The valuation allowance decreased $2.9 million in fiscal 2010 from fiscal 2009 primarily due to the transfer of certain\\nfully reserved tax attributes in conjunction with the sale of the Company’s manufacturing operations in Shanghai, China and the expiration of certain federal\\nnet operating losses.\\n\\nDuring fiscal 2010, the Company recorded a $0.8 million increase to capital in excess of par and a $1.1 million decrease to goodwill related to the excess\\ntax benefit of stock options exercised in fiscal 2010. During fiscal 2009, the Company recorded a $1.6 million increase to capital in excess of par and a $1.1\\nmillion decrease to goodwill related to the excess tax benefit of stock options exercised in fiscal 2009.\\n\\nAs of September 25, 2010, the Company had gross federal, state and foreign net operating losses of $137.5 million, $4.9 million and $32.8 million\\nrespectively, and federal, state and foreign credit carryforwards of $5.9 million, $8.7 million and $0.3 million respectively, that it believes are more likely\\nthan not that they will be realized. The $137.5 million federal net operating losses exclude $9.5 million of net operating losses, which the Company believes\\nwill expire unutilized. The $4.9 million state net operating losses exclude $23.3 million of net operating losses, which the Company believes will expire\\nunutilized. The following table summarizes the expiration periods of the net operating losses and credit carryforwards:\\n\\n2010-2016\\n\\n2017-2021\\n\\n966\\n279\\n—\\n139\\n—\\n—\\n—\\n926\\n\\n29,310\\n9\\n271\\n2,580\\n—\\n1,265\\n\\nFederal net operating losses\\nState net operating losses\\nForeign net operating losses\\nFederal R&D credits\\nCA credits\\n\\nCT credits\\nMA credits\\nIN credits\\n\\n600\\n\\n410\\n\\nPeriod of Expiration\\n2022-2026\\n2027-2031\\n\\n46,789\\n1,146\\n17,779\\n2,965\\n—\\n1,839\\n1,238\\n—\\n\\n60,438\\n3,445\\n—\\n254\\n—\\n—\\n—\\n—\\n\\nNo expiration\\n\\n—\\n—\\n14,794\\n299\\n1,959\\n—\\n506\\n—\\n\\nTotal\\n\\n137,503\\n4,879\\n32,844\\n6,237\\n1,959\\n3,104\\n2,344\\n1,336\\n\\nF-49\\n\\nSource: HOLOGIC INC, 10-K, November 24, 2010\\n\\nPowered by Morningstar ® Document Research ℠\\n\\nThe information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,\\nexcept to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.\",\"name\":\"fintabnet.HOLX_2010_page_140__150dpi_none\",\"page_id\":\"fintabnet.HOLX_2010_page_140\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"HOLX_2010_page_140\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[75.0,850.5,1184.7,1056.1],\"block_orders\":[7,8,9,10,11,12,13,14,15,16,17,18,19,20,21],\"cells\":null}],\"text\":\"Table of Contents\\n\\nHologic, Inc.\\n\\nNotes to Consolidated Financial Statements (continued)\\n(all tabular amounts in thousands except per share data)\\n\\nThe effective tax rate for fiscal 2010 was significantly impacted by the goodwill impairment charge recorded in the fourth quarter of fiscal 2010,\\nsubstantially all of which was not deductible for tax purposes. In addition, the Company recorded provision to return adjustments and additional reserve\\nneeds partially offset by the reversal of reserves no longer required. The reserves no longer required principally related to the sale of the Company’s\\nmanufacturing operation in Shanghai, China in the second quarter of fiscal 2010, and the expiration of the statute of limitations in several jurisdictions. The\\neffective tax rate for fiscal 2009 was significantly impacted by the goodwill impairment charge recorded in the second quarter of fiscal 2009, substantially all\\nof which was not deductible for tax purposes. In addition, the tax provision for fiscal 2009 included a reversal for a charge recorded in fiscal 2008 for\\napproximately $2.3 million related to a clarification in Massachusetts tax law on apportionment for affiliates of manufacturing companies. The Company also\\nrecorded an additional $1.3 million in anticipation of losing its tax holiday status due to the closure of its manufacturing facility in Shanghai, China. The\\neffective tax rate for fiscal 2008 was significantly impacted by the acquired in-process research and development charge related to the merger with Cytyc and\\nThird Wave acquisition, which was not tax deductible.\\n\\nUnder ASC 740, the Company can only recognize a deferred tax asset for the future benefit of its tax loss and credit carryforwards to the extent that it is\\n“more likely than not” that these assets will be realized. After considering all available positive and negative evidence, the Company has established a valuation\\nallowance against a portion of its remaining deferred tax assets because it is more likely than not that a portion of its tax loss carryforward will not be realized.\\nIn determining the realizability of these assets, the Company considered numerous factors, including historical profitability, estimated future taxable income\\nand the industry in which it operates. The valuation allowance decreased $2.9 million in fiscal 2010 from fiscal 2009 primarily due to the transfer of certain\\nfully reserved tax attributes in conjunction with the sale of the Company’s manufacturing operations in Shanghai, China and the expiration of certain federal\\nnet operating losses.\\n\\nDuring fiscal 2010, the Company recorded a $0.8 million increase to capital in excess of par and a $1.1 million decrease to goodwill related to the excess\\ntax benefit of stock options exercised in fiscal 2010. During fiscal 2009, the Company recorded a $1.6 million increase to capital in excess of par and a $1.1\\nmillion decrease to goodwill related to the excess tax benefit of stock options exercised in fiscal 2009.\\n\\nAs of September 25, 2010, the Company had gross federal, state and foreign net operating losses of $137.5 million, $4.9 million and $32.8 million\\nrespectively, and federal, state and foreign credit carryforwards of $5.9 million, $8.7 million and $0.3 million respectively, that it believes are more likely\\nthan not that they will be realized. The $137.5 million federal net operating losses exclude $9.5 million of net operating losses, which the Company believes\\nwill expire unutilized. The $4.9 million state net operating losses exclude $23.3 million of net operating losses, which the Company believes will expire\\nunutilized. The following table summarizes the expiration periods of the net operating losses and credit carryforwards:\\n\\n2010-2016\\n\\n2017-2021\\n\\n966\\n279\\n—\\n139\\n—\\n—\\n—\\n926\\n\\n29,310\\n9\\n271\\n2,580\\n—\\n1,265\\n\\nFederal net operating losses\\nState net operating losses\\nForeign net operating losses\\nFederal R&D credits\\nCA credits\\n\\nCT credits\\nMA credits\\nIN credits\\n\\n600\\n\\n410\\n\\nPeriod of Expiration\\n2022-2026\\n2027-2031\\n\\n46,789\\n1,146\\n17,779\\n2,965\\n—\\n1,839\\n1,238\\n—\\n\\n60,438\\n3,445\\n—\\n254\\n—\\n—\\n—\\n—\\n\\nNo expiration\\n\\n—\\n—\\n14,794\\n299\\n1,959\\n—\\n506\\n—\\n\\nTotal\\n\\n137,503\\n4,879\\n32,844\\n6,237\\n1,959\\n3,104\\n2,344\\n1,336\\n\\nF-49\\n\\nSource: HOLOGIC INC, 10-K, November 24, 2010\\n\\nPowered by Morningstar ® Document Research ℠\\n\\nThe information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,\\nexcept to the extent such damages or losses cannot be limited or excluded by applicable law. 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HOLX_2016_page_75\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HOLX_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[150.0,151.1,411.9,189.2],\"lines\":[{\"bbox\":[150.0,151.1,411.9,189.2],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[1205.2,230.4,1343.6,268.5],\"lines\":[{\"bbox\":[1205.2,230.4,1343.6,268.5],\"text\":\"PART IV\"}],\"order\":1,\"text\":\"PART IV\"},{\"bbox\":[150.0,309.8,935.5,347.9],\"lines\":[{\"bbox\":[150.0,309.8,935.5,347.9],\"text\":\"Item 15. Exhibits and Financial Statement Schedules\"}],\"order\":2,\"text\":\"Item 15. Exhibits and Financial Statement Schedules\"},{\"bbox\":[234.6,365.3,1071.9,403.4],\"lines\":[{\"bbox\":[234.6,365.3,1071.9,403.4],\"text\":\"(a) The following documents are filed as part of this report:\"}],\"order\":3,\"text\":\"(a) The following documents are filed as part of this report:\"},{\"bbox\":[321.9,436.7,668.4,474.8],\"lines\":[{\"bbox\":[321.9,436.7,668.4,474.8],\"text\":\"(1) Financial Statements\"}],\"order\":4,\"text\":\"(1) Financial Statements\"},{\"bbox\":[435.6,492.3,1824.1,530.3],\"lines\":[{\"bbox\":[435.6,492.3,1824.1,530.3],\"text\":\"Report of Independent Registered Public Accounting Firm on Consolidated Financial Statements\"}],\"order\":5,\"text\":\"Report of Independent Registered Public Accounting Firm on Consolidated Financial Statements\"},{\"bbox\":[435.6,547.8,2169.1,585.9],\"lines\":[{\"bbox\":[435.6,547.8,2169.1,585.9],\"text\":\"Consolidated Statements of Income for the years ended September 24, 2016, September 26, 2015 and September 27, 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Hologic.\"},{\"bbox\":[1865.1,1685.0,1937.3,1723.1],\"lines\":[{\"bbox\":[1865.1,1685.0,1937.3,1723.1],\"text\":\"10-Q\"}],\"order\":30,\"text\":\"10-Q\"},{\"bbox\":[2187.7,1685.0,2355.5,1723.1],\"lines\":[{\"bbox\":[2187.7,1685.0,2355.5,1723.1],\"text\":\"03/30/1996\"}],\"order\":31,\"text\":\"03/30/1996\"},{\"bbox\":[279.6,1759.1,323.1,1797.2],\"lines\":[{\"bbox\":[279.6,1759.1,323.1,1797.2],\"text\":\"3.3\"}],\"order\":32,\"text\":\"3.3\"},{\"bbox\":[393.3,1759.1,1369.8,1797.2],\"lines\":[{\"bbox\":[393.3,1759.1,1369.8,1797.2],\"text\":\"Certificate of Amendment to Certificate of Incorporation of Hologic.\"}],\"order\":33,\"text\":\"Certificate of Amendment to Certificate of Incorporation of Hologic.\"},{\"bbox\":[1865.1,1759.1,1937.3,1797.2],\"lines\":[{\"bbox\":[1865.1,1759.1,1937.3,1797.2],\"text\":\"10-K\"}],\"order\":34,\"text\":\"10-K\"},{\"bbox\":[2187.7,1759.1,2355.5,1797.2],\"lines\":[{\"bbox\":[2187.7,1759.1,2355.5,1797.2],\"text\":\"09/24/2005\"}],\"order\":35,\"text\":\"09/24/2005\"},{\"bbox\":[279.6,1835.8,323.1,1873.8],\"lines\":[{\"bbox\":[279.6,1835.8,323.1,1873.8],\"text\":\"3.4\"}],\"order\":36,\"text\":\"3.4\"},{\"bbox\":[393.3,1835.8,1369.8,1873.8],\"lines\":[{\"bbox\":[393.3,1835.8,1369.8,1873.8],\"text\":\"Certificate of Amendment to Certificate of Incorporation of Hologic.\"}],\"order\":37,\"text\":\"Certificate of Amendment to Certificate of Incorporation of 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Hologic.\"},{\"bbox\":[1874.3,1989.2,1928.1,2027.2],\"lines\":[{\"bbox\":[1874.3,1989.2,1928.1,2027.2],\"text\":\"8-K\"}],\"order\":46,\"text\":\"8-K\"},{\"bbox\":[2187.7,1989.2,2355.5,2027.2],\"lines\":[{\"bbox\":[2187.7,1989.2,2355.5,2027.2],\"text\":\"11/21/2013\"}],\"order\":47,\"text\":\"11/21/2013\"},{\"bbox\":[279.6,2065.9,323.1,2103.9],\"lines\":[{\"bbox\":[279.6,2065.9,323.1,2103.9],\"text\":\"3.7\"}],\"order\":48,\"text\":\"3.7\"},{\"bbox\":[393.3,2065.9,1607.8,2103.9],\"lines\":[{\"bbox\":[393.3,2065.9,1607.8,2103.9],\"text\":\"Certificate of Elimination of Series A Junior Participating Preferred Stock of Hologic.\"}],\"order\":49,\"text\":\"Certificate of Elimination of Series A Junior Participating Preferred Stock of 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Stock.\"},{\"bbox\":[1874.3,2214.0,1928.1,2252.0],\"lines\":[{\"bbox\":[1874.3,2214.0,1928.1,2252.0],\"text\":\"8-A\"}],\"order\":58,\"text\":\"8-A\"},{\"bbox\":[2187.7,2214.0,2355.5,2252.0],\"lines\":[{\"bbox\":[2187.7,2214.0,2355.5,2252.0],\"text\":\"01/31/1990\"}],\"order\":59,\"text\":\"01/31/1990\"},{\"bbox\":[279.6,2288.0,323.1,2326.1],\"lines\":[{\"bbox\":[279.6,2288.0,323.1,2326.1],\"text\":\"4.2\"}],\"order\":60,\"text\":\"4.2\"},{\"bbox\":[393.3,2288.0,1599.3,2365.8],\"lines\":[{\"bbox\":[393.3,2288.0,1599.3,2326.1],\"text\":\"Description of Capital Stock (Contained in Hologic’s Certificate of Incorporation, as\"},{\"bbox\":[393.3,2327.7,1237.6,2365.8],\"text\":\"amended, filed as Exhibits 3.1, 3.2, 3.3, 3.4 and 3.5 hereto).\"}],\"order\":61,\"text\":\"Description of Capital Stock (Contained in Hologic’s Certificate of Incorporation, as\\namended, filed as Exhibits 3.1, 3.2, 3.3, 3.4 and 3.5 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Hologic.\"},{\"bbox\":[1874.3,2401.7,1928.1,2439.8],\"lines\":[{\"bbox\":[1874.3,2401.7,1928.1,2439.8],\"text\":\"8-K\"}],\"order\":64,\"text\":\"8-K\"},{\"bbox\":[2218.2,2401.7,2386.0,2439.8],\"lines\":[{\"bbox\":[2218.2,2401.7,2386.0,2439.8],\"text\":\"12/10/2007\"}],\"order\":65,\"text\":\"12/10/2007\"},{\"bbox\":[1255.5,2549.8,1291.1,2587.9],\"lines\":[{\"bbox\":[1255.5,2549.8,1291.1,2587.9],\"text\":\"73\"}],\"order\":66,\"text\":\"73\"},{\"bbox\":[152.6,3166.0,684.2,3208.0],\"lines\":[{\"bbox\":[152.6,3166.0,684.2,3208.0],\"text\":\"Source: HOLOGIC INC, 10-K, November 17, 2016\"}],\"order\":67,\"text\":\"Source: HOLOGIC INC, 10-K, November 17, 2016\"},{\"bbox\":[1866.4,3164.8,2395.2,3208.0],\"lines\":[{\"bbox\":[1866.4,3164.8,2395.2,3208.0],\"text\":\"Powered by Morningstar ® Document Research ℠\"}],\"order\":68,\"text\":\"Powered by Morningstar ® Document Research ℠\"},{\"bbox\":[150.0,3210.6,2353.6,3255.4],\"lines\":[{\"bbox\":[150.0,3210.6,2353.6,3234.2],\"text\":\"The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,\"},{\"bbox\":[150.0,3231.7,1639.5,3255.4],\"text\":\"except to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.\"}],\"order\":69,\"text\":\"The information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,\\nexcept to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.\"}],\"doc\":\"fintabnet:HOLX_2016\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nPART IV\\n\\nItem 15. Exhibits and Financial Statement Schedules\\n\\n(a) The following documents are filed as part of this report:\\n\\n(1) Financial Statements\\n\\nReport of Independent Registered Public Accounting Firm on Consolidated Financial Statements\\n\\nConsolidated Statements of Income for the years ended September 24, 2016, September 26, 2015 and September 27, 2014\\n\\nConsolidated Statements of Comprehensive Income (Loss) for the years ended September 24, 2016, September 26, 2015 and\\nSeptember 27, 2014\\n\\nConsolidated Balance Sheets as of September 24, 2016 and September 26, 2015\\n\\nConsolidated Statements of Stockholders’ Equity for the years ended September 24, 2016, September 26, 2015 and September 27, 2014\\n\\nConsolidated Statements of Cash Flows for the years ended September 24, 2016, September 26, 2015 and September 27, 2014\\n\\nNotes to Consolidated Financial Statements\\n\\n(2) Financial Statement Schedules\\n\\nAll schedules have been omitted because they are not required or because the required information is given in the Consolidated Financial\\nStatements or Notes thereto.\\n\\n(b) Listing of Exhibits\\n\\nIncorporated by\\nReference\\n\\nExhibit\\nNumber\\n\\nExhibit Description\\n\\nForm\\n\\nFiling Date/\\nPeriod End\\nDate\\n\\n2.1\\n\\nAgreement and Plan of Merger, dated April 29, 2012, by and among Hologic, Gold\\nAcquisition Corp. and Gen-Probe Incorporated.\\n\\n8-K\\n\\n05/01/2012\\n\\n3.1\\n\\nCertificate of Incorporation of Hologic.\\n\\nS-1\\n\\n01/24/1990\\n\\n3.2\\n\\nCertificate of Amendment to Certificate of Incorporation of Hologic.\\n\\n10-Q\\n\\n03/30/1996\\n\\n3.3\\n\\nCertificate of Amendment to Certificate of Incorporation of Hologic.\\n\\n10-K\\n\\n09/24/2005\\n\\n3.4\\n\\nCertificate of Amendment to Certificate of Incorporation of Hologic.\\n\\n8-K\\n\\n10/22/2007\\n\\n3.5\\n\\nCertificate of Amendment to Certificate of Incorporation of Hologic.\\n\\n8-K\\n\\n03/11/2008\\n\\n3.6\\n\\nCertificate of Designation of Series A Junior Participating Preferred Stock of Hologic.\\n\\n8-K\\n\\n11/21/2013\\n\\n3.7\\n\\nCertificate of Elimination of Series A Junior Participating Preferred Stock of Hologic.\\n\\n8-K\\n\\n06/25/2014\\n\\n3.8\\n\\nFifth Amended and Restated Bylaws of Hologic, Inc.\\n\\n10-Q\\n\\n03/04/2016\\n\\n4.1\\n\\nSpecimen Certificate for Shares of Hologic’s Common Stock.\\n\\n8-A\\n\\n01/31/1990\\n\\n4.2\\n\\nDescription of Capital Stock (Contained in Hologic’s Certificate of Incorporation, as\\namended, filed as Exhibits 3.1, 3.2, 3.3, 3.4 and 3.5 hereto).\\n\\n4.3\\n\\nIndenture, dated December 10, 2007, by and between Wilmington Trust Company, as Trustee,\\nand Hologic.\\n\\n8-K\\n\\n12/10/2007\\n\\n73\\n\\nSource: HOLOGIC INC, 10-K, November 17, 2016\\n\\nPowered by Morningstar ® Document Research ℠\\n\\nThe information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,\\nexcept to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.\",\"name\":\"fintabnet.HOLX_2016_page_75__300dpi_none\",\"page_id\":\"fintabnet.HOLX_2016_page_75\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"HOLX_2016_page_75\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[202.9,1274.5,2386.1,2479.5],\"block_orders\":[15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65],\"cells\":null}],\"text\":\"Table of Contents\\n\\nPART IV\\n\\nItem 15. Exhibits and Financial Statement Schedules\\n\\n(a) The following documents are filed as part of this report:\\n\\n(1) Financial Statements\\n\\nReport of Independent Registered Public Accounting Firm on Consolidated Financial Statements\\n\\nConsolidated Statements of Income for the years ended September 24, 2016, September 26, 2015 and September 27, 2014\\n\\nConsolidated Statements of Comprehensive Income (Loss) for the years ended September 24, 2016, September 26, 2015 and\\nSeptember 27, 2014\\n\\nConsolidated Balance Sheets as of September 24, 2016 and September 26, 2015\\n\\nConsolidated Statements of Stockholders’ Equity for the years ended September 24, 2016, September 26, 2015 and September 27, 2014\\n\\nConsolidated Statements of Cash Flows for the years ended September 24, 2016, September 26, 2015 and September 27, 2014\\n\\nNotes to Consolidated Financial Statements\\n\\n(2) Financial Statement Schedules\\n\\nAll schedules have been omitted because they are not required or because the required information is given in the Consolidated Financial\\nStatements or Notes thereto.\\n\\n(b) Listing of Exhibits\\n\\nIncorporated by\\nReference\\n\\nExhibit\\nNumber\\n\\nExhibit Description\\n\\nForm\\n\\nFiling Date/\\nPeriod End\\nDate\\n\\n2.1\\n\\nAgreement and Plan of Merger, dated April 29, 2012, by and among Hologic, Gold\\nAcquisition Corp. and Gen-Probe Incorporated.\\n\\n8-K\\n\\n05/01/2012\\n\\n3.1\\n\\nCertificate of Incorporation of Hologic.\\n\\nS-1\\n\\n01/24/1990\\n\\n3.2\\n\\nCertificate of Amendment to Certificate of Incorporation of Hologic.\\n\\n10-Q\\n\\n03/30/1996\\n\\n3.3\\n\\nCertificate of Amendment to Certificate of Incorporation of Hologic.\\n\\n10-K\\n\\n09/24/2005\\n\\n3.4\\n\\nCertificate of Amendment to Certificate of Incorporation of Hologic.\\n\\n8-K\\n\\n10/22/2007\\n\\n3.5\\n\\nCertificate of Amendment to Certificate of Incorporation of Hologic.\\n\\n8-K\\n\\n03/11/2008\\n\\n3.6\\n\\nCertificate of Designation of Series A Junior Participating Preferred Stock of Hologic.\\n\\n8-K\\n\\n11/21/2013\\n\\n3.7\\n\\nCertificate of Elimination of Series A Junior Participating Preferred Stock of Hologic.\\n\\n8-K\\n\\n06/25/2014\\n\\n3.8\\n\\nFifth Amended and Restated Bylaws of Hologic, Inc.\\n\\n10-Q\\n\\n03/04/2016\\n\\n4.1\\n\\nSpecimen Certificate for Shares of Hologic’s Common Stock.\\n\\n8-A\\n\\n01/31/1990\\n\\n4.2\\n\\nDescription of Capital Stock (Contained in Hologic’s Certificate of Incorporation, as\\namended, filed as Exhibits 3.1, 3.2, 3.3, 3.4 and 3.5 hereto).\\n\\n4.3\\n\\nIndenture, dated December 10, 2007, by and between Wilmington Trust Company, as Trustee,\\nand Hologic.\\n\\n8-K\\n\\n12/10/2007\\n\\n73\\n\\nSource: HOLOGIC INC, 10-K, November 17, 2016\\n\\nPowered by Morningstar ® Document Research ℠\\n\\nThe information contained herein may not be copied, adapted or distributed and is not warranted to be accurate, complete or timely. The user assumes all risks for any damages or losses arising from any use of this information,\\nexcept to the extent such damages or losses cannot be limited or excluded by applicable law. Past financial performance is no guarantee of future results.\"},\"name\":\"fintabnet.HOLX_2016_page_75__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":283391,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:HOLX_2016\",\"dpi\":300,\"gt_sha256\":\"f8393bb1dd58251385166c7c215b1db379f9dee7f3647a5bf23748c6a82a32ab\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HOLX_2016_page_75__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.HOLX_2016_page_75\",\"pdf_sha256\":\"bdc914cfeba74104a29904377e41b3c89cad6fbc4aacadcb80600471d8d87592\",\"px\":[2550,3300],\"scan\":{\"render\":\"40007c003ff81ffc3ffc3000000e7fc23f823f823f023fc00000000000007800\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"HOLX_2016_page_75\",\"src\":{\"file_sha256\":\"8668b6b2c6260630446f1a05f2aa9dccb1b2c2d76b4e9ec5f61dc84dec89f9f6\",\"render\":\"60007c003ff81ffc3ffc3000401e7fd63f823f823f023fc00000000000007800\",\"text\":\"74bfb2ec502009cdcd61152ed68348d1b6dfc40115f011d1ac985fd534841fbb\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"bdc914cfeba74104a29904377e41b3c89cad6fbc4aacadcb80600471d8d87592\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/bdc914cfeba74104a29904377e41b3c89cad6fbc4aacadcb80600471d8d87592.pdf","asset_sha256":"bdc914cfeba74104a29904377e41b3c89cad6fbc4aacadcb80600471d8d87592","document_id":"fintabnet:HOLX_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HOLX_2016_page_75\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HON_2005_page_99\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HON_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[402.3,141.1,838.7,170.1],\"lines\":[{\"bbox\":[402.3,141.1,838.7,170.1],\"text\":\"HONEYWELL INTERNATIONAL INC.\"}],\"order\":0,\"text\":\"HONEYWELL INTERNATIONAL INC.\"},{\"bbox\":[360.1,176.9,881.7,203.0],\"lines\":[{\"bbox\":[360.1,176.9,881.7,203.0],\"text\":\"NOTES TO FINANCIAL STATEMENTS—(Continued)\"}],\"order\":1,\"text\":\"NOTES TO FINANCIAL STATEMENTS—(Continued)\"},{\"bbox\":[427.6,201.5,814.7,222.0],\"lines\":[{\"bbox\":[427.6,201.5,814.7,222.0],\"text\":\"(Dollars in millions, except per share amounts)\"}],\"order\":2,\"text\":\"(Dollars in millions, except per share amounts)\"},{\"bbox\":[146.8,280.6,586.2,305.7],\"lines\":[{\"bbox\":[146.8,280.6,586.2,305.7],\"text\":\"Note 21—Commitments and Contingencies\"}],\"order\":3,\"text\":\"Note 21—Commitments and Contingencies\"},{\"bbox\":[147.3,326.3,375.6,348.8],\"lines\":[{\"bbox\":[147.3,326.3,375.6,348.8],\"text\":\"Environmental Matters\"}],\"order\":4,\"text\":\"Environmental Matters\"},{\"bbox\":[147.7,352.2,1101.2,608.8],\"lines\":[{\"bbox\":[189.4,352.2,1098.4,383.2],\"text\":\"We are subject to various federal, state, local and foreign government requirements relating to the\"},{\"bbox\":[148.0,377.2,1098.7,408.7],\"text\":\"protection of the environment. We believe that, as a general matter, our policies, practices and\"},{\"bbox\":[148.3,402.2,1099.1,433.7],\"text\":\"procedures are properly designed to prevent unreasonable risk of environmental damage and personal\"},{\"bbox\":[148.7,427.2,1099.4,458.7],\"text\":\"injury and that our handling, manufacture, use and disposal of hazardous or toxic substances are in\"},{\"bbox\":[149.0,452.2,1099.7,483.7],\"text\":\"accord with environmental and safety laws and regulations. However, mainly because of past\"},{\"bbox\":[149.3,477.3,1099.9,508.7],\"text\":\"operations and operations of predecessor companies, we, like other companies engaged in similar\"},{\"bbox\":[149.6,502.3,1100.3,533.7],\"text\":\"businesses, have incurred remedial response and voluntary cleanup costs for site contamination and\"},{\"bbox\":[149.9,527.3,1100.6,558.7],\"text\":\"are a party to lawsuits and claims associated with environmental and safety matters, including past\"},{\"bbox\":[150.2,552.3,1100.9,583.8],\"text\":\"production of products containing toxic substances. Additional lawsuits, claims and costs involving\"},{\"bbox\":[150.5,581.2,781.3,608.8],\"text\":\"environmental matters are likely to continue to arise in the future.\"}],\"order\":5,\"text\":\"We are subject to various federal, state, local and foreign government requirements relating to the\\nprotection of the environment. We believe that, as a general matter, our policies, practices and\\nprocedures are properly designed to prevent unreasonable risk of environmental damage and personal\\ninjury and that our handling, manufacture, use and disposal of hazardous or toxic substances are in\\naccord with environmental and safety laws and regulations. However, mainly because of past\\noperations and operations of predecessor companies, we, like other companies engaged in similar\\nbusinesses, have incurred remedial response and voluntary cleanup costs for site contamination and\\nare a party to lawsuits and claims associated with environmental and safety matters, including past\\nproduction of products containing toxic substances. Additional lawsuits, claims and costs involving\\nenvironmental matters are likely to continue to arise in the future.\"},{\"bbox\":[150.9,612.1,1106.0,993.7],\"lines\":[{\"bbox\":[192.6,612.1,1101.6,643.1],\"text\":\"With respect to environmental matters involving site contamination, we continually conduct studies,\"},{\"bbox\":[151.2,637.1,1101.9,668.6],\"text\":\"individually or jointly with other potentially responsible parties, to determine the feasibility of various\"},{\"bbox\":[151.6,662.1,1102.3,693.6],\"text\":\"remedial techniques to address environmental matters. It is our policy to record appropriate liabilities\"},{\"bbox\":[151.9,687.1,1102.6,718.6],\"text\":\"for environmental matters when remedial efforts or damage claim payments are probable and the costs\"},{\"bbox\":[152.2,712.1,1102.8,743.6],\"text\":\"can be reasonably estimated. Such liabilities are based on our best estimate of the undiscounted future\"},{\"bbox\":[152.5,737.1,1103.2,768.6],\"text\":\"costs required to complete the remedial work. The recorded liabilities are adjusted periodically as\"},{\"bbox\":[152.8,762.2,1103.5,793.6],\"text\":\"remediation efforts progress or as additional technical or legal information becomes available. Given\"},{\"bbox\":[153.1,787.2,1103.8,818.6],\"text\":\"the uncertainties regarding the status of laws, regulations, enforcement policies, the impact of other\"},{\"bbox\":[153.4,812.2,1104.2,843.6],\"text\":\"potentially responsible parties, technology and information related to individual sites, we do not believe\"},{\"bbox\":[153.7,837.2,1104.4,868.7],\"text\":\"it is possible to develop an estimate of the range of reasonably possible environmental loss in excess\"},{\"bbox\":[154.0,862.2,1104.8,893.7],\"text\":\"of our accruals. We expect to fund expenditures for these matters from operating cash flow. The timing\"},{\"bbox\":[154.3,887.2,1105.1,918.7],\"text\":\"of cash expenditures depends on a number of factors, including the timing of litigation and settlements\"},{\"bbox\":[154.6,912.2,1105.4,943.7],\"text\":\"of remediation liability, personal injury and property damage claims, regulatory approval of cleanup\"},{\"bbox\":[154.9,937.2,1105.6,968.7],\"text\":\"projects, remedial techniques to be utilized and agreements with other parties. The following table\"},{\"bbox\":[155.3,962.6,1079.8,993.7],\"text\":\"summarizes information concerning our recorded undiscounted liabilities for environmental costs:\"}],\"order\":6,\"text\":\"With respect to environmental matters involving site contamination, we continually conduct studies,\\nindividually or jointly with other potentially responsible parties, to determine the feasibility of various\\nremedial techniques to address environmental matters. It is our policy to record appropriate liabilities\\nfor environmental matters when remedial efforts or damage claim payments are probable and the costs\\ncan be reasonably estimated. Such liabilities are based on our best estimate of the undiscounted future\\ncosts required to complete the remedial work. The recorded liabilities are adjusted periodically as\\nremediation efforts progress or as additional technical or legal information becomes available. Given\\nthe uncertainties regarding the status of laws, regulations, enforcement policies, the impact of other\\npotentially responsible parties, technology and information related to individual sites, we do not believe\\nit is possible to develop an estimate of the range of reasonably possible environmental loss in excess\\nof our accruals. We expect to fund expenditures for these matters from operating cash flow. The timing\\nof cash expenditures depends on a number of factors, including the timing of litigation and settlements\\nof remediation liability, personal injury and property damage claims, regulatory approval of cleanup\\nprojects, remedial techniques to be utilized and agreements with other parties. The following table\\nsummarizes information concerning our recorded undiscounted liabilities for environmental costs:\"},{\"bbox\":[918.2,994.4,1102.2,1052.0],\"lines\":[{\"bbox\":[956.3,994.9,1060.2,1012.0],\"text\":\"Years Ended\"},{\"bbox\":[952.8,1011.6,1064.1,1028.7],\"text\":\"December 31,\"},{\"bbox\":[918.7,1035.8,956.0,1052.0],\"text\":\"2005\"},{\"bbox\":[993.5,1034.9,1030.8,1051.1],\"text\":\"2004\"},{\"bbox\":[1064.9,1034.0,1102.2,1050.2],\"text\":\"2003\"}],\"order\":7,\"text\":\"Years Ended\\nDecember 31,\\n2005\\n2004\\n2003\"},{\"bbox\":[156.6,1073.3,887.9,1229.2],\"lines\":[{\"bbox\":[156.6,1073.3,886.3,1102.1],\"text\":\"Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[156.9,1099.2,817.7,1127.1],\"text\":\"Accruals for environmental matters deemed probable and reasonably\"},{\"bbox\":[178.0,1119.2,886.9,1147.7],\"text\":\"estimable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[157.5,1144.2,887.2,1172.9],\"text\":\"Environmental liability payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[157.8,1169.2,887.5,1197.9],\"text\":\"Other adjustments(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[158.2,1200.5,887.9,1229.2],\"text\":\"End of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":8,\"text\":\"Beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccruals for environmental matters deemed probable and reasonably\\nestimable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEnvironmental liability payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther adjustments(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEnd of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[911.1,1072.4,964.6,1092.8],\"lines\":[{\"bbox\":[911.1,1072.4,964.6,1092.8],\"text\":\"$ 895\"}],\"order\":9,\"text\":\"$ 895\"},{\"bbox\":[989.4,1071.5,1036.0,1091.8],\"lines\":[{\"bbox\":[989.4,1071.5,1036.0,1091.8],\"text\":\"$593\"}],\"order\":10,\"text\":\"$593\"},{\"bbox\":[1060.7,1070.6,1107.3,1090.9],\"lines\":[{\"bbox\":[1060.7,1070.6,1107.3,1090.9],\"text\":\"$435\"}],\"order\":11,\"text\":\"$435\"},{\"bbox\":[911.6,1116.4,1115.9,1219.9],\"lines\":[{\"bbox\":[930.1,1118.2,965.2,1138.4],\"text\":\"186\"},{\"bbox\":[1001.5,1117.3,1036.5,1137.5],\"text\":\"536\"},{\"bbox\":[1072.9,1116.5,1107.9,1136.6],\"text\":\"235\"},{\"bbox\":[923.5,1142.3,1043.8,1163.5],\"text\":\"(247) (248)\"},{\"bbox\":[1077.9,1141.4,1115.2,1161.6],\"text\":\"(77)\"},{\"bbox\":[942.4,1168.2,965.8,1188.3],\"text\":\"45\"},{\"bbox\":[1013.7,1167.4,1037.1,1187.4],\"text\":\"14\"},{\"bbox\":[1087.4,1166.5,1108.5,1186.5],\"text\":\"—\"},{\"bbox\":[912.6,1197.7,1108.9,1219.9],\"text\":\"$ 879 $895 $593\"}],\"order\":12,\"text\":\"186\\n536\\n235\\n(247) (248)\\n(77)\\n45\\n14\\n—\\n$ 879 $895 $593\"},{\"bbox\":[159.1,1273.4,1110.2,1329.9],\"lines\":[{\"bbox\":[159.1,1273.4,1109.9,1304.9],\"text\":\"(1) In 2005, $45 million principally relates to reclassification of the carrying value of land to property,\"},{\"bbox\":[190.1,1300.5,941.7,1329.5],\"text\":\"plant and equipment with a corresponding increase to environmental liabilities.\"}],\"order\":13,\"text\":\"(1) In 2005, $45 million principally relates to reclassification of the carrying value of land to property,\\nplant and equipment with a corresponding increase to environmental liabilities.\"},{\"bbox\":[201.5,1335.1,942.0,1364.0],\"lines\":[{\"bbox\":[201.5,1335.1,942.0,1364.0],\"text\":\"Environmental liabilities are included in the following balance sheet accounts:\"}],\"order\":14,\"text\":\"Environmental liabilities are included in the following balance sheet accounts:\"},{\"bbox\":[996.3,1365.2,1107.9,1405.2],\"lines\":[{\"bbox\":[996.3,1365.2,1107.6,1382.3],\"text\":\"December 31,\"},{\"bbox\":[997.9,1389.0,1035.2,1405.2],\"text\":\"2005\"},{\"bbox\":[1069.3,1388.1,1106.6,1404.3],\"text\":\"2004\"}],\"order\":15,\"text\":\"December 31,\\n2005\\n2004\"},{\"bbox\":[161.0,1426.5,969.3,1481.2],\"lines\":[{\"bbox\":[161.0,1426.5,969.0,1456.2],\"text\":\"Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[161.3,1451.5,969.3,1481.2],\"text\":\"Other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":16,\"text\":\"Accrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[626.1,1547.1,649.5,1567.2],\"lines\":[{\"bbox\":[626.1,1547.1,649.5,1567.2],\"text\":\"73\"}],\"order\":17,\"text\":\"73\"},{\"bbox\":[993.7,1425.6,1041.0,1502.2],\"lines\":[{\"bbox\":[993.7,1425.6,1040.3,1445.9],\"text\":\"$237\"},{\"bbox\":[1005.6,1450.6,1040.6,1470.8],\"text\":\"642\"},{\"bbox\":[994.4,1481.9,1041.0,1502.2],\"text\":\"$879\"}],\"order\":18,\"text\":\"$237\\n642\\n$879\"},{\"bbox\":[1065.1,1424.7,1112.4,1501.3],\"lines\":[{\"bbox\":[1065.1,1424.7,1111.7,1445.0],\"text\":\"$267\"},{\"bbox\":[1077.0,1449.7,1112.0,1469.9],\"text\":\"628\"},{\"bbox\":[1065.8,1481.0,1112.4,1501.3],\"text\":\"$895\"}],\"order\":19,\"text\":\"$267\\n628\\n$895\"}],\"doc\":\"fintabnet:HON_2005\",\"dpi\":150,\"image_px\":[1257,1632],\"layout\":[],\"markdown\":\"HONEYWELL INTERNATIONAL INC.\\n\\nNOTES TO FINANCIAL STATEMENTS—(Continued)\\n\\n(Dollars in millions, except per share amounts)\\n\\nNote 21—Commitments and Contingencies\\n\\nEnvironmental Matters\\n\\nWe are subject to various federal, state, local and foreign government requirements relating to the\\nprotection of the environment. We believe that, as a general matter, our policies, practices and\\nprocedures are properly designed to prevent unreasonable risk of environmental damage and personal\\ninjury and that our handling, manufacture, use and disposal of hazardous or toxic substances are in\\naccord with environmental and safety laws and regulations. However, mainly because of past\\noperations and operations of predecessor companies, we, like other companies engaged in similar\\nbusinesses, have incurred remedial response and voluntary cleanup costs for site contamination and\\nare a party to lawsuits and claims associated with environmental and safety matters, including past\\nproduction of products containing toxic substances. Additional lawsuits, claims and costs involving\\nenvironmental matters are likely to continue to arise in the future.\\n\\nWith respect to environmental matters involving site contamination, we continually conduct studies,\\nindividually or jointly with other potentially responsible parties, to determine the feasibility of various\\nremedial techniques to address environmental matters. It is our policy to record appropriate liabilities\\nfor environmental matters when remedial efforts or damage claim payments are probable and the costs\\ncan be reasonably estimated. Such liabilities are based on our best estimate of the undiscounted future\\ncosts required to complete the remedial work. The recorded liabilities are adjusted periodically as\\nremediation efforts progress or as additional technical or legal information becomes available. Given\\nthe uncertainties regarding the status of laws, regulations, enforcement policies, the impact of other\\npotentially responsible parties, technology and information related to individual sites, we do not believe\\nit is possible to develop an estimate of the range of reasonably possible environmental loss in excess\\nof our accruals. We expect to fund expenditures for these matters from operating cash flow. The timing\\nof cash expenditures depends on a number of factors, including the timing of litigation and settlements\\nof remediation liability, personal injury and property damage claims, regulatory approval of cleanup\\nprojects, remedial techniques to be utilized and agreements with other parties. The following table\\nsummarizes information concerning our recorded undiscounted liabilities for environmental costs:\\n\\nYears Ended\\nDecember 31,\\n2005\\n2004\\n2003\\n\\nBeginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccruals for environmental matters deemed probable and reasonably\\nestimable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEnvironmental liability payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther adjustments(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEnd of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 895\\n\\n$593\\n\\n$435\\n\\n186\\n536\\n235\\n(247) (248)\\n(77)\\n45\\n14\\n—\\n$ 879 $895 $593\\n\\n(1) In 2005, $45 million principally relates to reclassification of the carrying value of land to property,\\nplant and equipment with a corresponding increase to environmental liabilities.\\n\\nEnvironmental liabilities are included in the following balance sheet accounts:\\n\\nDecember 31,\\n2005\\n2004\\n\\nAccrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n73\\n\\n$237\\n642\\n$879\\n\\n$267\\n628\\n$895\",\"name\":\"fintabnet.HON_2005_page_99__150dpi_mild\",\"page_id\":\"fintabnet.HON_2005_page_99\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.707,\"source\":\"fintabnet\",\"source_id\":\"HON_2005_page_99\",\"stack\":[{\"deg\":0.707,\"op\":\"skew\"},{\"amp\":0.044,\"angle\":213.8,\"blob\":0.71,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.421},{\"op\":\"jpeg\",\"q\":71}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[160.2,1361.4,1112.4,1512.1],\"block_orders\":[15,16,18,19],\"cells\":null}],\"text\":\"HONEYWELL INTERNATIONAL INC.\\n\\nNOTES TO FINANCIAL STATEMENTS—(Continued)\\n\\n(Dollars in millions, except per share amounts)\\n\\nNote 21—Commitments and Contingencies\\n\\nEnvironmental Matters\\n\\nWe are subject to various federal, state, local and foreign government requirements relating to the\\nprotection of the environment. We believe that, as a general matter, our policies, practices and\\nprocedures are properly designed to prevent unreasonable risk of environmental damage and personal\\ninjury and that our handling, manufacture, use and disposal of hazardous or toxic substances are in\\naccord with environmental and safety laws and regulations. However, mainly because of past\\noperations and operations of predecessor companies, we, like other companies engaged in similar\\nbusinesses, have incurred remedial response and voluntary cleanup costs for site contamination and\\nare a party to lawsuits and claims associated with environmental and safety matters, including past\\nproduction of products containing toxic substances. Additional lawsuits, claims and costs involving\\nenvironmental matters are likely to continue to arise in the future.\\n\\nWith respect to environmental matters involving site contamination, we continually conduct studies,\\nindividually or jointly with other potentially responsible parties, to determine the feasibility of various\\nremedial techniques to address environmental matters. It is our policy to record appropriate liabilities\\nfor environmental matters when remedial efforts or damage claim payments are probable and the costs\\ncan be reasonably estimated. Such liabilities are based on our best estimate of the undiscounted future\\ncosts required to complete the remedial work. The recorded liabilities are adjusted periodically as\\nremediation efforts progress or as additional technical or legal information becomes available. Given\\nthe uncertainties regarding the status of laws, regulations, enforcement policies, the impact of other\\npotentially responsible parties, technology and information related to individual sites, we do not believe\\nit is possible to develop an estimate of the range of reasonably possible environmental loss in excess\\nof our accruals. We expect to fund expenditures for these matters from operating cash flow. The timing\\nof cash expenditures depends on a number of factors, including the timing of litigation and settlements\\nof remediation liability, personal injury and property damage claims, regulatory approval of cleanup\\nprojects, remedial techniques to be utilized and agreements with other parties. The following table\\nsummarizes information concerning our recorded undiscounted liabilities for environmental costs:\\n\\nYears Ended\\nDecember 31,\\n2005\\n2004\\n2003\\n\\nBeginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccruals for environmental matters deemed probable and reasonably\\nestimable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEnvironmental liability payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther adjustments(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEnd of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 895\\n\\n$593\\n\\n$435\\n\\n186\\n536\\n235\\n(247) (248)\\n(77)\\n45\\n14\\n—\\n$ 879 $895 $593\\n\\n(1) In 2005, $45 million principally relates to reclassification of the carrying value of land to property,\\nplant and equipment with a corresponding increase to environmental liabilities.\\n\\nEnvironmental liabilities are included in the following balance sheet accounts:\\n\\nDecember 31,\\n2005\\n2004\\n\\nAccrued liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n73\\n\\n$237\\n642\\n$879\\n\\n$267\\n628\\n$895\"},\"name\":\"fintabnet.HON_2005_page_99__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":272527,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:HON_2005\",\"dpi\":150,\"gt_sha256\":\"8dfc5e27d2e13e13de3e4b6e8cd77baa2b68d833e1cf640cf87efd68d248ad96\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HON_2005_page_99__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.HON_2005_page_99\",\"pdf_sha256\":\"b9d9ea7d10678387db8bed50dc52ff8189a93f7d5d86b1a1f33da6d289e47775\",\"px\":[1257,1632],\"scan\":{\"render\":\"000007e007003edc3ffc3ffc3ffc3ffc3ffc3ffc300c380c3fb0000430040000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"HON_2005_page_99\",\"src\":{\"file_sha256\":\"62315362d886dc32fc37609f39a3eb6c8937fd40e8485b9ea93465ca1d45b60a\",\"render\":\"000007e003003efc3ffc3ffc3ffc3ffc3ffc3ffc300c380c3fbc0004300c0000\",\"text\":\"f824f0c7859f4c595b503dedcf173a5a6ba13b589f1590f1f0a7bf7932f98f29\"},\"stack\":[{\"deg\":0.707,\"op\":\"skew\"},{\"amp\":0.044,\"angle\":213.8,\"blob\":0.71,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.421},{\"op\":\"jpeg\",\"q\":71}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b9d9ea7d10678387db8bed50dc52ff8189a93f7d5d86b1a1f33da6d289e47775\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b9d9ea7d10678387db8bed50dc52ff8189a93f7d5d86b1a1f33da6d289e47775.pdf","asset_sha256":"b9d9ea7d10678387db8bed50dc52ff8189a93f7d5d86b1a1f33da6d289e47775","document_id":"fintabnet:HON_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HON_2005_page_99\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(Continued)\"},{\"bbox\":[304.5,503.1,720.1,543.1],\"lines\":[{\"bbox\":[304.5,503.1,720.1,543.1],\"text\":\"Contractual Obligations\"}],\"order\":2,\"text\":\"Contractual Obligations\"},{\"bbox\":[304.5,578.8,2136.9,668.1],\"lines\":[{\"bbox\":[387.8,578.8,2136.9,618.1],\"text\":\"The impact that our contractual obligations as of October 31, 2006 are expected to have on our\"},{\"bbox\":[304.5,628.8,1315.8,668.1],\"text\":\"liquidity and cash flow in future periods was as follows:\"}],\"order\":3,\"text\":\"The impact that our contractual obligations as of October 31, 2006 are expected to have on our\\nliquidity and cash flow in future periods was as follows:\"},{\"bbox\":[1668.7,718.0,2026.6,749.5],\"lines\":[{\"bbox\":[1668.7,718.0,2026.6,749.5],\"text\":\"Payments Due by Period\"}],\"order\":4,\"text\":\"Payments Due by 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19\"},{\"bbox\":[1912.2,945.5,1974.7,984.8],\"text\":\"395\"},{\"bbox\":[1912.2,995.5,1974.7,1034.8],\"text\":\"198\"}],\"order\":11,\"text\":\"$ 19\\n395\\n198\"},{\"bbox\":[2069.9,895.5,2184.6,1034.8],\"lines\":[{\"bbox\":[2069.9,895.5,2184.6,934.8],\"text\":\"$1,072\"},{\"bbox\":[2122.1,945.5,2184.6,984.8],\"text\":\"446\"},{\"bbox\":[2142.9,995.5,2184.6,1034.8],\"text\":\"23\"}],\"order\":12,\"text\":\"$1,072\\n446\\n23\"},{\"bbox\":[304.5,1062.2,1275.9,1101.5],\"lines\":[{\"bbox\":[304.5,1062.2,1275.9,1101.5],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":13,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1325.9,1062.2,1440.6,1101.5],\"lines\":[{\"bbox\":[1325.9,1062.2,1440.6,1101.5],\"text\":\"$9,629\"}],\"order\":14,\"text\":\"$9,629\"},{\"bbox\":[1504.5,1062.2,1619.2,1101.5],\"lines\":[{\"bbox\":[1504.5,1062.2,1619.2,1101.5],\"text\":\"$4,657\"}],\"order\":15,\"text\":\"$4,657\"},{\"bbox\":[1692.5,1062.2,1807.1,1101.5],\"lines\":[{\"bbox\":[1692.5,1062.2,1807.1,1101.5],\"text\":\"$2,819\"}],\"order\":16,\"text\":\"$2,819\"},{\"bbox\":[1891.4,1062.2,1974.8,1101.5],\"lines\":[{\"bbox\":[1891.4,1062.2,1974.8,1101.5],\"text\":\"$612\"}],\"order\":17,\"text\":\"$612\"},{\"bbox\":[2070.0,1062.2,2184.6,1101.5],\"lines\":[{\"bbox\":[2070.0,1062.2,2184.6,1101.5],\"text\":\"$1,541\"}],\"order\":18,\"text\":\"$1,541\"},{\"bbox\":[1683.1,801.4,1999.7,882.9],\"lines\":[{\"bbox\":[1683.1,801.4,1999.7,832.9],\"text\":\"1-3 Years 3-5 Years\"},{\"bbox\":[1685.2,851.4,1845.6,882.9],\"text\":\"In millions\"}],\"order\":19,\"text\":\"1-3 Years 3-5 Years\\nIn millions\"},{\"bbox\":[2049.7,768.1,2204.9,832.9],\"lines\":[{\"bbox\":[2049.7,768.1,2204.9,799.5],\"text\":\"More than\"},{\"bbox\":[2074.4,801.4,2180.1,832.9],\"text\":\"5 Years\"}],\"order\":20,\"text\":\"More than\\n5 Years\"},{\"bbox\":[304.5,1180.9,338.8,1206.5],\"lines\":[{\"bbox\":[304.5,1180.9,338.8,1206.5],\"text\":\"(1)\"}],\"order\":21,\"text\":\"(1)\"},{\"bbox\":[387.8,1185.1,2177.9,1324.5],\"lines\":[{\"bbox\":[387.9,1185.1,2177.9,1224.4],\"text\":\"Amounts represent the expected cash payments of our long-term debt and do not include any fair\"},{\"bbox\":[387.8,1235.1,2143.6,1274.4],\"text\":\"value adjustments or discounts. Included in our long-term debt are approximately $52 million of\"},{\"bbox\":[387.8,1285.1,1537.5,1324.5],\"text\":\"capital lease obligations that are secured by certain equipment.\"}],\"order\":22,\"text\":\"Amounts represent the expected cash payments of our long-term debt and do not include any fair\\nvalue adjustments or discounts. Included in our long-term debt are approximately $52 million of\\ncapital lease obligations that are secured by certain equipment.\"},{\"bbox\":[304.5,1355.9,338.8,1381.5],\"lines\":[{\"bbox\":[304.5,1355.9,338.8,1381.5],\"text\":\"(2)\"}],\"order\":23,\"text\":\"(2)\"},{\"bbox\":[387.8,1360.1,2188.7,1999.6],\"lines\":[{\"bbox\":[387.9,1360.1,2135.3,1399.5],\"text\":\"Purchase obligations include agreements to purchase goods or services that are enforceable and\"},{\"bbox\":[387.8,1410.1,2154.7,1449.5],\"text\":\"legally binding on us and that specify all significant terms, including fixed or minimum quantities\"},{\"bbox\":[387.8,1460.1,2148.6,1499.5],\"text\":\"to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the\"},{\"bbox\":[387.8,1510.1,2137.0,1549.5],\"text\":\"transaction. Purchase obligations exclude agreements that are cancelable without penalty. These\"},{\"bbox\":[387.8,1560.2,2048.0,1599.5],\"text\":\"purchase obligations are related principally to cost of sales, inventory and other items. Our\"},{\"bbox\":[387.8,1610.2,2177.3,1649.5],\"text\":\"purchase obligation includes the settlement agreement with EMC Corporation (‘‘EMC’’) pursuant\"},{\"bbox\":[387.8,1660.2,2176.4,1699.5],\"text\":\"to which we agreed to pay $325 million (the net amount of the valuation of EMC’s claims against\"},{\"bbox\":[387.8,1710.2,2060.9,1749.5],\"text\":\"us less the valuation of our claims against EMC) to EMC, which we can satisfy through the\"},{\"bbox\":[387.8,1760.2,2080.0,1799.5],\"text\":\"purchase for resale or internal use of complementary EMC products in equal installments of\"},{\"bbox\":[387.8,1810.2,2188.7,1849.5],\"text\":\"$65 million over the next five years, of which the first installment was paid on August 29, 2005. As\"},{\"bbox\":[387.8,1860.2,2064.6,1899.5],\"text\":\"of October 31, 2006, the remaining payment to EMC was $260 million. In addition, if EMC\"},{\"bbox\":[387.8,1910.2,2169.4,1949.5],\"text\":\"purchases our products during the five-year period, we will be required to purchase an equivalent\"},{\"bbox\":[387.8,1960.2,2065.5,1999.6],\"text\":\"amount of additional products or services from EMC of up to an aggregate of $108 million.\"}],\"order\":24,\"text\":\"Purchase obligations include agreements to purchase goods or services that are enforceable and\\nlegally binding on us and that specify all significant terms, including fixed or minimum quantities\\nto be purchased; fixed, minimum or variable price provisions; and the approximate timing of the\\ntransaction. Purchase obligations exclude agreements that are cancelable without penalty. These\\npurchase obligations are related principally to cost of sales, inventory and other items. Our\\npurchase obligation includes the settlement agreement with EMC Corporation (‘‘EMC’’) pursuant\\nto which we agreed to pay $325 million (the net amount of the valuation of EMC’s claims against\\nus less the valuation of our claims against EMC) to EMC, which we can satisfy through the\\npurchase for resale or internal use of complementary EMC products in equal installments of\\n$65 million over the next five years, of which the first installment was paid on August 29, 2005. As\\nof October 31, 2006, the remaining payment to EMC was $260 million. In addition, if EMC\\npurchases our products during the five-year period, we will be required to purchase an equivalent\\namount of additional products or services from EMC of up to an aggregate of $108 million.\"},{\"bbox\":[304.5,2035.2,2196.2,2274.6],\"lines\":[{\"bbox\":[387.8,2035.2,2143.6,2074.6],\"text\":\"In November 2006, we completed our acquisition of Mercury. The aggregate purchase price was\"},{\"bbox\":[304.5,2085.2,2161.3,2124.6],\"text\":\"approximately $4.8 billion, consisting of cash paid for outstanding stock, the value of vested employee\"},{\"bbox\":[304.5,2135.2,2196.2,2174.6],\"text\":\"stock options and estimated direct transaction costs. The acquisition will combine Mercury’s application\"},{\"bbox\":[304.5,2185.3,1992.1,2224.6],\"text\":\"management, application delivery and IT governance capabilities with our broad portfolio of\"},{\"bbox\":[304.5,2235.3,719.1,2274.6],\"text\":\"management solutions.\"}],\"order\":25,\"text\":\"In November 2006, we completed our acquisition of Mercury. The aggregate purchase price was\\napproximately $4.8 billion, consisting of cash paid for outstanding stock, the value of vested employee\\nstock options and estimated direct transaction costs. The acquisition will combine Mercury’s application\\nmanagement, application delivery and IT governance capabilities with our broad portfolio of\\nmanagement solutions.\"},{\"bbox\":[304.5,2334.6,704.5,2374.6],\"lines\":[{\"bbox\":[304.5,2334.6,704.5,2374.6],\"text\":\"Funding Commitments\"}],\"order\":26,\"text\":\"Funding Commitments\"},{\"bbox\":[304.5,2410.3,2185.5,2749.7],\"lines\":[{\"bbox\":[387.8,2410.3,2137.7,2449.6],\"text\":\"During fiscal 2006, we made approximately $270 million and $31 million of contributions to our\"},{\"bbox\":[304.5,2460.3,2090.8,2499.6],\"text\":\"pension plans and U.S. non-qualified plan participants, respectively, and paid $67 million to cover\"},{\"bbox\":[304.5,2510.3,2150.3,2549.6],\"text\":\"benefit claims for post-retirement benefit plans. In fiscal 2007, we expect to contribute approximately\"},{\"bbox\":[304.5,2560.3,2110.5,2599.6],\"text\":\"$120 million to our pension plans and approximately $15 million to cover benefit payments to U.S.\"},{\"bbox\":[304.5,2610.3,2179.4,2649.7],\"text\":\"non-qualified plan participants. We expect to pay approximately $80 million to cover benefit claims for\"},{\"bbox\":[304.5,2660.3,2185.5,2699.7],\"text\":\"our post-retirement benefit plans. Our funding policy is to contribute cash to our pension plans so that\"},{\"bbox\":[304.5,2710.3,2081.8,2749.7],\"text\":\"we meet at least the minimum contribution requirements, as established by local government and\"}],\"order\":27,\"text\":\"During fiscal 2006, we made approximately $270 million and $31 million of contributions to our\\npension plans and U.S. non-qualified plan participants, respectively, and paid $67 million to cover\\nbenefit claims for post-retirement benefit plans. In fiscal 2007, we expect to contribute approximately\\n$120 million to our pension plans and approximately $15 million to cover benefit payments to U.S.\\nnon-qualified plan participants. We expect to pay approximately $80 million to cover benefit claims for\\nour post-retirement benefit plans. Our funding policy is to contribute cash to our pension plans so that\\nwe meet at least the minimum contribution requirements, as established by local government and\"},{\"bbox\":[1233.8,2958.3,1275.5,2997.6],\"lines\":[{\"bbox\":[1233.8,2958.3,1275.5,2997.6],\"text\":\"66\"}],\"order\":28,\"text\":\"66\"}],\"doc\":\"fintabnet:HPQ_2006\",\"dpi\":300,\"image_px\":[2513,3263],\"layout\":[],\"markdown\":\"HEWLETT-PACKARD COMPANY AND SUBSIDIARIES\\n\\nManagement’s Discussion and Analysis of\\nFinancial Condition and Results of Operations (Continued)\\n\\nContractual Obligations\\n\\nThe impact that our contractual obligations as of October 31, 2006 are expected to have on our\\nliquidity and cash flow in future periods was as follows:\\n\\nPayments Due by Period\\n\\nTotal\\n\\nLess than\\n1 Year\\n\\nLong-term debt, including capital lease obligations (1)\\nOperating lease obligations . . . . . . . . . . . . . . . . . . .\\nPurchase obligations (2) . . . . . . . . . . . . . . . . . . . . . .\\n\\n$4,787\\n2,065\\n2,777\\n\\n$2,099\\n506\\n2,052\\n\\n$1,597\\n718\\n504\\n\\n$ 19\\n395\\n198\\n\\n$1,072\\n446\\n23\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$9,629\\n\\n$4,657\\n\\n$2,819\\n\\n$612\\n\\n$1,541\\n\\n1-3 Years 3-5 Years\\nIn millions\\n\\nMore than\\n5 Years\\n\\n(1)\\n\\nAmounts represent the expected cash payments of our long-term debt and do not include any fair\\nvalue adjustments or discounts. Included in our long-term debt are approximately $52 million of\\ncapital lease obligations that are secured by certain equipment.\\n\\n(2)\\n\\nPurchase obligations include agreements to purchase goods or services that are enforceable and\\nlegally binding on us and that specify all significant terms, including fixed or minimum quantities\\nto be purchased; fixed, minimum or variable price provisions; and the approximate timing of the\\ntransaction. Purchase obligations exclude agreements that are cancelable without penalty. These\\npurchase obligations are related principally to cost of sales, inventory and other items. Our\\npurchase obligation includes the settlement agreement with EMC Corporation (‘‘EMC’’) pursuant\\nto which we agreed to pay $325 million (the net amount of the valuation of EMC’s claims against\\nus less the valuation of our claims against EMC) to EMC, which we can satisfy through the\\npurchase for resale or internal use of complementary EMC products in equal installments of\\n$65 million over the next five years, of which the first installment was paid on August 29, 2005. As\\nof October 31, 2006, the remaining payment to EMC was $260 million. In addition, if EMC\\npurchases our products during the five-year period, we will be required to purchase an equivalent\\namount of additional products or services from EMC of up to an aggregate of $108 million.\\n\\nIn November 2006, we completed our acquisition of Mercury. The aggregate purchase price was\\napproximately $4.8 billion, consisting of cash paid for outstanding stock, the value of vested employee\\nstock options and estimated direct transaction costs. The acquisition will combine Mercury’s application\\nmanagement, application delivery and IT governance capabilities with our broad portfolio of\\nmanagement solutions.\\n\\nFunding Commitments\\n\\nDuring fiscal 2006, we made approximately $270 million and $31 million of contributions to our\\npension plans and U.S. non-qualified plan participants, respectively, and paid $67 million to cover\\nbenefit claims for post-retirement benefit plans. In fiscal 2007, we expect to contribute approximately\\n$120 million to our pension plans and approximately $15 million to cover benefit payments to U.S.\\nnon-qualified plan participants. We expect to pay approximately $80 million to cover benefit claims for\\nour post-retirement benefit plans. Our funding policy is to contribute cash to our pension plans so that\\nwe meet at least the minimum contribution requirements, as established by local government and\\n\\n66\",\"name\":\"fintabnet.HPQ_2006_page_70__300dpi_none\",\"page_id\":\"fintabnet.HPQ_2006_page_70\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"HPQ_2006_page_70\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[304.5,710.2,2204.9,1102.5],\"block_orders\":[4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20],\"cells\":null}],\"text\":\"HEWLETT-PACKARD COMPANY AND SUBSIDIARIES\\n\\nManagement’s Discussion and Analysis of\\nFinancial Condition and Results of Operations (Continued)\\n\\nContractual Obligations\\n\\nThe impact that our contractual obligations as of October 31, 2006 are expected to have on our\\nliquidity and cash flow in future periods was as follows:\\n\\nPayments Due by Period\\n\\nTotal\\n\\nLess than\\n1 Year\\n\\nLong-term debt, including capital lease obligations (1)\\nOperating lease obligations . . . . . . . . . . . . . . . . . . .\\nPurchase obligations (2) . . . . . . . . . . . . . . . . . . . . . .\\n\\n$4,787\\n2,065\\n2,777\\n\\n$2,099\\n506\\n2,052\\n\\n$1,597\\n718\\n504\\n\\n$ 19\\n395\\n198\\n\\n$1,072\\n446\\n23\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$9,629\\n\\n$4,657\\n\\n$2,819\\n\\n$612\\n\\n$1,541\\n\\n1-3 Years 3-5 Years\\nIn millions\\n\\nMore than\\n5 Years\\n\\n(1)\\n\\nAmounts represent the expected cash payments of our long-term debt and do not include any fair\\nvalue adjustments or discounts. Included in our long-term debt are approximately $52 million of\\ncapital lease obligations that are secured by certain equipment.\\n\\n(2)\\n\\nPurchase obligations include agreements to purchase goods or services that are enforceable and\\nlegally binding on us and that specify all significant terms, including fixed or minimum quantities\\nto be purchased; fixed, minimum or variable price provisions; and the approximate timing of the\\ntransaction. Purchase obligations exclude agreements that are cancelable without penalty. These\\npurchase obligations are related principally to cost of sales, inventory and other items. Our\\npurchase obligation includes the settlement agreement with EMC Corporation (‘‘EMC’’) pursuant\\nto which we agreed to pay $325 million (the net amount of the valuation of EMC’s claims against\\nus less the valuation of our claims against EMC) to EMC, which we can satisfy through the\\npurchase for resale or internal use of complementary EMC products in equal installments of\\n$65 million over the next five years, of which the first installment was paid on August 29, 2005. As\\nof October 31, 2006, the remaining payment to EMC was $260 million. In addition, if EMC\\npurchases our products during the five-year period, we will be required to purchase an equivalent\\namount of additional products or services from EMC of up to an aggregate of $108 million.\\n\\nIn November 2006, we completed our acquisition of Mercury. The aggregate purchase price was\\napproximately $4.8 billion, consisting of cash paid for outstanding stock, the value of vested employee\\nstock options and estimated direct transaction costs. The acquisition will combine Mercury’s application\\nmanagement, application delivery and IT governance capabilities with our broad portfolio of\\nmanagement solutions.\\n\\nFunding Commitments\\n\\nDuring fiscal 2006, we made approximately $270 million and $31 million of contributions to our\\npension plans and U.S. non-qualified plan participants, respectively, and paid $67 million to cover\\nbenefit claims for post-retirement benefit plans. In fiscal 2007, we expect to contribute approximately\\n$120 million to our pension plans and approximately $15 million to cover benefit payments to U.S.\\nnon-qualified plan participants. We expect to pay approximately $80 million to cover benefit claims for\\nour post-retirement benefit plans. Our funding policy is to contribute cash to our pension plans so that\\nwe meet at least the minimum contribution requirements, as established by local government and\\n\\n66\"},\"name\":\"fintabnet.HPQ_2006_page_70__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":304604,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:HPQ_2006\",\"dpi\":300,\"gt_sha256\":\"ed1e3b3efe898c1bc572d4b3382399c02b1fa116d29a4190a9f72975f5dc7cb3\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HPQ_2006_page_70__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.HPQ_2006_page_70\",\"pdf_sha256\":\"e71d0066f130bc64c83ec18dc3dc28246fe5ae0b9eca52d259fd0709466c9718\",\"px\":[2513,3263],\"scan\":{\"render\":\"000007e01ff0000038fc30fc3ff83ffc3ffc3ff83ffc38003ffc3ff800000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"HPQ_2006_page_70\",\"src\":{\"file_sha256\":\"4bf53391f636d3fffb82293277faa687715ed4c50a6615f989b027d26c25e19a\",\"render\":\"000007e01fe0003c38fc38fc3ff83ffc3ffc3ff83ffc38003ffc3f7800000000\",\"text\":\"07386d379deab2b36f47c3864bf036c60793f4fa5618da29f60024cebd8f21e4\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e71d0066f130bc64c83ec18dc3dc28246fe5ae0b9eca52d259fd0709466c9718\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e71d0066f130bc64c83ec18dc3dc28246fe5ae0b9eca52d259fd0709466c9718.pdf","asset_sha256":"e71d0066f130bc64c83ec18dc3dc28246fe5ae0b9eca52d259fd0709466c9718","document_id":"fintabnet:HPQ_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HPQ_2006_page_70\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HPQ_2014_page_83\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HPQ_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[761.4,245.2,1807.3,319.3],\"lines\":[{\"bbox\":[761.4,245.2,1807.3,319.3],\"text\":\"HEWLETT-PACKARD COMPANY AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"HEWLETT-PACKARD COMPANY AND SUBSIDIARIES\"},{\"bbox\":[732.4,310.9,1829.8,436.8],\"lines\":[{\"bbox\":[896.5,316.7,1667.4,381.1],\"text\":\"Management’s Discussion and Analysis of\"},{\"bbox\":[732.4,360.9,1828.0,436.8],\"text\":\"Financial Condition and Results of Operations (Continued)\"}],\"order\":1,\"text\":\"Management’s Discussion and Analysis of\\nFinancial Condition and Results of Operations (Continued)\"},{\"bbox\":[326.6,444.7,865.2,504.2],\"lines\":[{\"bbox\":[326.6,444.7,865.2,504.2],\"text\":\"Available Borrowing Resources\"}],\"order\":2,\"text\":\"Available Borrowing Resources\"},{\"bbox\":[322.2,520.3,2076.8,671.9],\"lines\":[{\"bbox\":[407.2,523.3,2076.8,622.0],\"text\":\"We had the following resources available to obtain short- or long-term financing if we need\"},{\"bbox\":[322.2,570.3,675.3,622.6],\"text\":\"additional liquidity:\"}],\"order\":3,\"text\":\"We had the following resources available to obtain short- or long-term financing if we need\\nadditional liquidity:\"},{\"bbox\":[1882.7,715.7,2219.3,807.3],\"lines\":[{\"bbox\":[1884.4,715.7,2219.3,757.3],\"text\":\"As of October 31, 2014\"},{\"bbox\":[1969.4,768.8,2130.8,804.3],\"text\":\"In millions\"}],\"order\":4,\"text\":\"As of October 31, 2014\\nIn millions\"},{\"bbox\":[312.2,753.5,1832.2,946.8],\"lines\":[{\"bbox\":[315.8,753.5,1832.2,846.8],\"text\":\"2012 Shelf Registration Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[314.0,803.5,1830.5,896.8],\"text\":\"Commercial paper programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[312.2,853.5,1828.7,946.8],\"text\":\"Uncommitted lines of credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":5,\"text\":\"2012 Shelf Registration Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCommercial paper programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUncommitted lines of credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1937.1,810.8,2156.3,958.2],\"lines\":[{\"bbox\":[1940.6,810.8,2156.3,858.2],\"text\":\"Unspecified\"},{\"bbox\":[2017.8,863.5,2154.5,908.2],\"text\":\"$16,202\"},{\"bbox\":[2016.0,913.5,2152.8,958.2],\"text\":\"$ 1,587\"}],\"order\":6,\"text\":\"Unspecified\\n$16,202\\n$ 1,587\"},{\"bbox\":[307.8,928.4,2110.4,1081.7],\"lines\":[{\"bbox\":[392.9,931.4,2110.4,1031.7],\"text\":\"For more information on our available borrowings resources, see Note 12 to the Consolidated\"},{\"bbox\":[307.8,978.4,1662.7,1066.0],\"text\":\"Financial Statements in Item 8, which is incorporated herein by reference.\"}],\"order\":7,\"text\":\"For more information on our available borrowings resources, see Note 12 to the Consolidated\\nFinancial Statements in Item 8, which is incorporated herein by reference.\"},{\"bbox\":[304.5,1072.7,553.4,1122.0],\"lines\":[{\"bbox\":[304.5,1072.7,553.4,1122.0],\"text\":\"Credit Ratings\"}],\"order\":8,\"text\":\"Credit Ratings\"},{\"bbox\":[298.5,1143.3,2190.5,1349.6],\"lines\":[{\"bbox\":[385.3,1146.2,2082.0,1245.9],\"text\":\"Our credit risk is evaluated by major independent rating agencies based on publicly available\"},{\"bbox\":[300.3,1193.3,2188.8,1299.7],\"text\":\"information as well as information obtained in our ongoing discussions with them. Our credit ratings as\"},{\"bbox\":[298.5,1243.2,975.2,1306.9],\"text\":\"of October 31, 2014, were as follows:\"}],\"order\":9,\"text\":\"Our credit risk is evaluated by major independent rating agencies based on publicly available\\ninformation as well as information obtained in our ongoing discussions with them. Our credit ratings as\\nof October 31, 2014, were as follows:\"},{\"bbox\":[1357.0,1365.9,1633.4,1438.8],\"lines\":[{\"bbox\":[1358.2,1365.9,1633.4,1405.5],\"text\":\"Standard & Poor’s\"},{\"bbox\":[1374.0,1399.9,1615.1,1438.2],\"text\":\"Ratings Services\"}],\"order\":10,\"text\":\"Standard & Poor’s\\nRatings Services\"},{\"bbox\":[290.5,1421.5,1306.0,1547.0],\"lines\":[{\"bbox\":[292.2,1421.5,1306.0,1497.0],\"text\":\"Short-term debt ratings . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[290.5,1471.4,1304.3,1547.0],\"text\":\"Long-term debt ratings . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":11,\"text\":\"Short-term debt ratings . . . . . . . . . . . . . . . . . . . . . . .\\nLong-term debt ratings . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1429.9,1461.6,1553.1,1555.7],\"lines\":[{\"bbox\":[1486.7,1463.5,1553.1,1505.7],\"text\":\"A-2\"},{\"bbox\":[1429.9,1511.5,1551.3,1555.7],\"text\":\"BBB+\"}],\"order\":12,\"text\":\"A-2\\nBBB+\"},{\"bbox\":[1681.1,1377.4,1948.4,1449.9],\"lines\":[{\"bbox\":[1682.3,1377.4,1948.4,1416.5],\"text\":\"Moody’s Investors\"},{\"bbox\":[1762.1,1413.5,1866.2,1447.0],\"text\":\"Service\"}],\"order\":13,\"text\":\"Moody’s Investors\\nService\"},{\"bbox\":[1801.0,1474.6,1945.2,1569.5],\"lines\":[{\"bbox\":[1802.7,1474.6,1945.1,1519.5],\"text\":\"Prime-2\"},{\"bbox\":[1851.7,1526.4,1943.4,1569.5],\"text\":\"Baa1\"}],\"order\":14,\"text\":\"Prime-2\\nBaa1\"},{\"bbox\":[1996.1,1388.5,2195.7,1458.6],\"lines\":[{\"bbox\":[1997.3,1388.5,2195.7,1425.3],\"text\":\"Fitch Ratings\"},{\"bbox\":[2036.2,1423.2,2154.6,1457.2],\"text\":\"Services\"}],\"order\":15,\"text\":\"Fitch Ratings\\nServices\"},{\"bbox\":[2054.1,1483.6,2130.4,1576.0],\"lines\":[{\"bbox\":[2082.3,1484.5,2130.3,1526.1],\"text\":\"F2\"},{\"bbox\":[2054.1,1533.5,2128.6,1576.0],\"text\":\"A\"}],\"order\":16,\"text\":\"F2\\nA\"},{\"bbox\":[266.9,1541.4,2181.4,2247.6],\"lines\":[{\"bbox\":[371.3,1544.3,2094.0,1644.9],\"text\":\"After the announcement of our separation in October 2014, our credit ratings were assigned a\"},{\"bbox\":[286.2,1591.3,2024.0,1692.4],\"text\":\"negative outlook by Standard & Poor’s Rating Services and Fitch Rating Services. Additionally,\"},{\"bbox\":[284.5,1641.3,2009.5,1742.0],\"text\":\"Moody’s Investors Service placed us under review for downgrade. In December 2013, Moody’s\"},{\"bbox\":[282.7,1691.3,2143.4,1796.7],\"text\":\"Investors Service affirmed its negative outlook assigned in November 2012. While we do not have any\"},{\"bbox\":[281.0,1741.3,2016.6,1842.3],\"text\":\"rating downgrade triggers that would accelerate the maturity of a material amount of our debt,\"},{\"bbox\":[279.2,1791.2,2085.2,1894.7],\"text\":\"previous downgrades have increased the cost of borrowing under our credit facilities, have reduced\"},{\"bbox\":[277.5,1841.2,2152.4,1947.1],\"text\":\"market capacity for our commercial paper and have required the posting of additional collateral under\"},{\"bbox\":[275.7,1891.2,2088.8,1994.9],\"text\":\"some of our derivative contracts. In addition, any further downgrade to our credit ratings by any of\"},{\"bbox\":[273.9,1941.1,2121.2,2046.1],\"text\":\"these rating agencies may further impact us in a similar manner, and, depending on the extent of the\"},{\"bbox\":[272.2,1991.1,1992.9,2091.6],\"text\":\"downgrade, could have a negative impact on our liquidity and capital position. We can rely on\"},{\"bbox\":[270.4,2041.1,2121.3,2146.1],\"text\":\"alternative sources of funding, including drawdowns under our credit facilities or the issuance of debt\"},{\"bbox\":[268.7,2091.0,2162.1,2197.6],\"text\":\"or other securities under our existing 2012 Shelf Registration Statement, if necessary, to offset potential\"},{\"bbox\":[266.9,2141.0,1367.6,2219.7],\"text\":\"reductions in the market capacity for our commercial paper.\"}],\"order\":17,\"text\":\"After the announcement of our separation in October 2014, our credit ratings were assigned a\\nnegative outlook by Standard & Poor’s Rating Services and Fitch Rating Services. Additionally,\\nMoody’s Investors Service placed us under review for downgrade. In December 2013, Moody’s\\nInvestors Service affirmed its negative outlook assigned in November 2012. While we do not have any\\nrating downgrade triggers that would accelerate the maturity of a material amount of our debt,\\nprevious downgrades have increased the cost of borrowing under our credit facilities, have reduced\\nmarket capacity for our commercial paper and have required the posting of additional collateral under\\nsome of our derivative contracts. In addition, any further downgrade to our credit ratings by any of\\nthese rating agencies may further impact us in a similar manner, and, depending on the extent of the\\ndowngrade, could have a negative impact on our liquidity and capital position. We can rely on\\nalternative sources of funding, including drawdowns under our credit facilities or the issuance of debt\\nor other securities under our existing 2012 Shelf Registration Statement, if necessary, to offset potential\\nreductions in the market capacity for our commercial paper.\"},{\"bbox\":[1168.8,2930.7,1211.9,2972.1],\"lines\":[{\"bbox\":[1168.8,2930.7,1211.9,2972.1],\"text\":\"75\"}],\"order\":18,\"text\":\"75\"}],\"doc\":\"fintabnet:HPQ_2014\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"HEWLETT-PACKARD COMPANY AND SUBSIDIARIES\\n\\nManagement’s Discussion and Analysis of\\nFinancial Condition and Results of Operations (Continued)\\n\\nAvailable Borrowing Resources\\n\\nWe had the following resources available to obtain short- or long-term financing if we need\\nadditional liquidity:\\n\\nAs of October 31, 2014\\nIn millions\\n\\n2012 Shelf Registration Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCommercial paper programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUncommitted lines of credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nUnspecified\\n$16,202\\n$ 1,587\\n\\nFor more information on our available borrowings resources, see Note 12 to the Consolidated\\nFinancial Statements in Item 8, which is incorporated herein by reference.\\n\\nCredit Ratings\\n\\nOur credit risk is evaluated by major independent rating agencies based on publicly available\\ninformation as well as information obtained in our ongoing discussions with them. Our credit ratings as\\nof October 31, 2014, were as follows:\\n\\nStandard & Poor’s\\nRatings Services\\n\\nShort-term debt ratings . . . . . . . . . . . . . . . . . . . . . . .\\nLong-term debt ratings . . . . . . . . . . . . . . . . . . . . . . .\\n\\nA-2\\nBBB+\\n\\nMoody’s Investors\\nService\\n\\nPrime-2\\nBaa1\\n\\nFitch Ratings\\nServices\\n\\nF2\\nA\\n\\nAfter the announcement of our separation in October 2014, our credit ratings were assigned a\\nnegative outlook by Standard & Poor’s Rating Services and Fitch Rating Services. Additionally,\\nMoody’s Investors Service placed us under review for downgrade. In December 2013, Moody’s\\nInvestors Service affirmed its negative outlook assigned in November 2012. While we do not have any\\nrating downgrade triggers that would accelerate the maturity of a material amount of our debt,\\nprevious downgrades have increased the cost of borrowing under our credit facilities, have reduced\\nmarket capacity for our commercial paper and have required the posting of additional collateral under\\nsome of our derivative contracts. In addition, any further downgrade to our credit ratings by any of\\nthese rating agencies may further impact us in a similar manner, and, depending on the extent of the\\ndowngrade, could have a negative impact on our liquidity and capital position. We can rely on\\nalternative sources of funding, including drawdowns under our credit facilities or the issuance of debt\\nor other securities under our existing 2012 Shelf Registration Statement, if necessary, to offset potential\\nreductions in the market capacity for our commercial paper.\\n\\n75\",\"name\":\"fintabnet.HPQ_2014_page_83__300dpi_heavy\",\"page_id\":\"fintabnet.HPQ_2014_page_83\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.017,\"source\":\"fintabnet\",\"source_id\":\"HPQ_2014_page_83\",\"stack\":[{\"deg\":-2.017,\"op\":\"skew\"},{\"amp\":0.309,\"angle\":219.9,\"blob\":0.739,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.566},{\"op\":\"noise\",\"sigma\":10.17},{\"gain\":0.617,\"op\":\"contrast\"},{\"offset\":0.039,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[312.2,652.0,2219.6,960.9],\"block_orders\":[4,5,6],\"cells\":null},{\"bbox\":[312.2,652.0,2219.6,960.9],\"block_orders\":[4,5,6],\"cells\":null}],\"text\":\"HEWLETT-PACKARD COMPANY AND SUBSIDIARIES\\n\\nManagement’s Discussion and Analysis of\\nFinancial Condition and Results of Operations (Continued)\\n\\nAvailable Borrowing Resources\\n\\nWe had the following resources available to obtain short- or long-term financing if we need\\nadditional liquidity:\\n\\nAs of October 31, 2014\\nIn millions\\n\\n2012 Shelf Registration Statement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCommercial paper programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUncommitted lines of credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nUnspecified\\n$16,202\\n$ 1,587\\n\\nFor more information on our available borrowings resources, see Note 12 to the Consolidated\\nFinancial Statements in Item 8, which is incorporated herein by reference.\\n\\nCredit Ratings\\n\\nOur credit risk is evaluated by major independent rating agencies based on publicly available\\ninformation as well as information obtained in our ongoing discussions with them. Our credit ratings as\\nof October 31, 2014, were as follows:\\n\\nStandard & Poor’s\\nRatings Services\\n\\nShort-term debt ratings . . . . . . . . . . . . . . . . . . . . . . .\\nLong-term debt ratings . . . . . . . . . . . . . . . . . . . . . . .\\n\\nA-2\\nBBB+\\n\\nMoody’s Investors\\nService\\n\\nPrime-2\\nBaa1\\n\\nFitch Ratings\\nServices\\n\\nF2\\nA\\n\\nAfter the announcement of our separation in October 2014, our credit ratings were assigned a\\nnegative outlook by Standard & Poor’s Rating Services and Fitch Rating Services. Additionally,\\nMoody’s Investors Service placed us under review for downgrade. In December 2013, Moody’s\\nInvestors Service affirmed its negative outlook assigned in November 2012. While we do not have any\\nrating downgrade triggers that would accelerate the maturity of a material amount of our debt,\\nprevious downgrades have increased the cost of borrowing under our credit facilities, have reduced\\nmarket capacity for our commercial paper and have required the posting of additional collateral under\\nsome of our derivative contracts. In addition, any further downgrade to our credit ratings by any of\\nthese rating agencies may further impact us in a similar manner, and, depending on the extent of the\\ndowngrade, could have a negative impact on our liquidity and capital position. We can rely on\\nalternative sources of funding, including drawdowns under our credit facilities or the issuance of debt\\nor other securities under our existing 2012 Shelf Registration Statement, if necessary, to offset potential\\nreductions in the market capacity for our commercial paper.\\n\\n75\"},\"name\":\"fintabnet.HPQ_2014_page_83__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":847772,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:HPQ_2014\",\"dpi\":300,\"gt_sha256\":\"9392e82eb65d397a7e3bd5fbb12d5dacd335a8716383fba05aed702a4c4693e9\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HPQ_2014_page_83__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.HPQ_2014_page_83\",\"pdf_sha256\":\"2c9db3cf98fb9d742f48c48116863ea6fc63801b0911c5cabecf33055d898c97\",\"px\":[2475,3225],\"scan\":{\"render\":\"ff00ffe0fe00fc00fe04ff00fe40fe40fff8fff8fffcc0008000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"HPQ_2014_page_83\",\"src\":{\"file_sha256\":\"d760fd3251a0a847222e0804b7f8e3b39c9cb9c8ead528b0f474349bce4fc46f\",\"render\":\"00000ff03c00300c3f8c3fe03efc38fc3ff83ffc3ffc00000000000000000000\",\"text\":\"841046f4a97cba36e1b4d002cd9ee837288dc1e5fd4b3b834f79eccf0efa1e74\"},\"stack\":[{\"deg\":-2.017,\"op\":\"skew\"},{\"amp\":0.309,\"angle\":219.9,\"blob\":0.739,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.566},{\"op\":\"noise\",\"sigma\":10.17},{\"gain\":0.617,\"op\":\"contrast\"},{\"offset\":0.039,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"2c9db3cf98fb9d742f48c48116863ea6fc63801b0911c5cabecf33055d898c97\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/2c9db3cf98fb9d742f48c48116863ea6fc63801b0911c5cabecf33055d898c97.pdf","asset_sha256":"2c9db3cf98fb9d742f48c48116863ea6fc63801b0911c5cabecf33055d898c97","document_id":"fintabnet:HPQ_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HPQ_2014_page_83\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HRB_2008_page_61\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HRB_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[68.9,59.5,525.3,92.4],\"lines\":[{\"bbox\":[78.2,59.5,525.0,80.7],\"text\":\"The following table shows the cost basis, scheduled maturities and average yields for HRB Bank’s investment\"},{\"bbox\":[69.2,80.7,177.3,92.4],\"text\":\"portfolio at April 30, 2008:\"}],\"order\":0,\"text\":\"The following table shows the cost basis, scheduled maturities and average yields for HRB Bank’s investment\\nportfolio at April 30, 2008:\"},{\"bbox\":[479.7,83.5,520.6,90.4],\"lines\":[{\"bbox\":[479.7,83.5,520.6,90.4],\"text\":\"(dollars in 000s)\"}],\"order\":1,\"text\":\"(dollars in 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Years\"},{\"bbox\":[285.7,112.8,312.4,132.2],\"lines\":[{\"bbox\":[285.7,112.8,312.1,121.2],\"text\":\"Balance\"},{\"bbox\":[298.4,123.8,312.4,131.9],\"text\":\"Due\"}],\"order\":6,\"text\":\"Balance\\nDue\"},{\"bbox\":[323.9,111.7,352.3,131.2],\"lines\":[{\"bbox\":[323.9,111.7,351.9,120.2],\"text\":\"Average\"},{\"bbox\":[335.2,122.7,352.3,130.9],\"text\":\"Yield\"}],\"order\":7,\"text\":\"Average\\nYield\"},{\"bbox\":[370.3,110.5,397.1,129.9],\"lines\":[{\"bbox\":[370.3,110.5,396.8,118.9],\"text\":\"Balance\"},{\"bbox\":[383.0,121.5,397.0,129.5],\"text\":\"Due\"}],\"order\":8,\"text\":\"Balance\\nDue\"},{\"bbox\":[408.5,109.4,437.0,128.8],\"lines\":[{\"bbox\":[408.5,109.4,436.7,117.8],\"text\":\"Average\"},{\"bbox\":[419.9,120.4,437.0,128.5],\"text\":\"Yield\"}],\"order\":9,\"text\":\"Average\\nYield\"},{\"bbox\":[455.0,108.1,481.7,127.5],\"lines\":[{\"bbox\":[455.0,108.1,481.4,116.5],\"text\":\"Balance\"},{\"bbox\":[467.7,119.1,481.7,127.2],\"text\":\"Due\"}],\"order\":10,\"text\":\"Balance\\nDue\"},{\"bbox\":[493.1,107.0,521.6,126.4],\"lines\":[{\"bbox\":[493.1,107.0,521.2,115.5],\"text\":\"Average\"},{\"bbox\":[504.5,118.0,521.6,126.1],\"text\":\"Yield\"}],\"order\":11,\"text\":\"Average\\nYield\"},{\"bbox\":[330.7,135.7,355.3,174.0],\"lines\":[{\"bbox\":[334.2,135.7,354.4,143.9],\"text\":\"– %\"},{\"bbox\":[331.0,145.7,354.8,154.0],\"text\":\"3.25%\"},{\"bbox\":[334.8,155.7,355.0,163.9],\"text\":\"– %\"},{\"bbox\":[335.1,165.7,355.3,173.9],\"text\":\"– %\"}],\"order\":12,\"text\":\"– %\\n3.25%\\n– %\\n– %\"},{\"bbox\":[364.4,134.5,398.3,173.1],\"lines\":[{\"bbox\":[364.4,134.5,397.5,143.1],\"text\":\"$ 30,809\"},{\"bbox\":[385.4,144.7,389.7,152.5],\"text\":\"–\"},{\"bbox\":[377.8,154.5,398.0,162.7],\"text\":\"7,536\"},{\"bbox\":[378.1,164.5,398.3,172.7],\"text\":\"3,500\"}],\"order\":13,\"text\":\"$ 30,809\\n–\\n7,536\\n3,500\"},{\"bbox\":[415.4,133.3,440.0,171.7],\"lines\":[{\"bbox\":[415.4,133.3,439.1,141.7],\"text\":\"4.94%\"},{\"bbox\":[419.2,143.3,439.3,151.5],\"text\":\"– %\"},{\"bbox\":[415.9,153.3,439.7,161.7],\"text\":\"4.70%\"},{\"bbox\":[416.2,163.3,440.0,171.7],\"text\":\"6.20%\"}],\"order\":14,\"text\":\"4.94%\\n– %\\n4.70%\\n6.20%\"},{\"bbox\":[449.0,132.1,483.0,170.7],\"lines\":[{\"bbox\":[449.0,132.1,482.1,140.7],\"text\":\"$ 30,809\"},{\"bbox\":[462.2,142.1,482.4,150.3],\"text\":\"9,938\"},{\"bbox\":[462.5,152.1,482.7,160.4],\"text\":\"7,536\"},{\"bbox\":[462.7,162.1,483.0,170.4],\"text\":\"3,500\"}],\"order\":15,\"text\":\"$ 30,809\\n9,938\\n7,536\\n3,500\"},{\"bbox\":[500.0,131.0,524.6,169.3],\"lines\":[{\"bbox\":[500.0,131.0,523.8,139.3],\"text\":\"4.94%\"},{\"bbox\":[500.3,140.9,524.0,149.3],\"text\":\"3.25%\"},{\"bbox\":[500.5,151.0,524.3,159.3],\"text\":\"4.70%\"},{\"bbox\":[500.8,161.0,524.6,169.3],\"text\":\"6.20%\"}],\"order\":16,\"text\":\"4.94%\\n3.25%\\n4.70%\\n6.20%\"},{\"bbox\":[239.5,138.0,273.4,176.6],\"lines\":[{\"bbox\":[239.5,138.0,272.5,146.6],\"text\":\"$ 30,809\"},{\"bbox\":[252.6,148.0,272.8,156.2],\"text\":\"9,938\"},{\"bbox\":[252.8,158.0,273.1,166.2],\"text\":\"7,536\"},{\"bbox\":[253.1,168.0,273.3,176.2],\"text\":\"3,500\"}],\"order\":17,\"text\":\"$ 30,809\\n9,938\\n7,536\\n3,500\"},{\"bbox\":[284.2,137.5,288.8,145.3],\"lines\":[{\"bbox\":[284.2,137.5,288.8,145.3],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[292.6,136.9,313.7,175.1],\"lines\":[{\"bbox\":[300.5,137.1,304.7,144.9],\"text\":\"–\"},{\"bbox\":[292.9,146.8,313.1,155.1],\"text\":\"9,938\"},{\"bbox\":[301.1,157.1,305.3,164.9],\"text\":\"–\"},{\"bbox\":[301.3,167.1,305.6,174.9],\"text\":\"–\"}],\"order\":19,\"text\":\"–\\n9,938\\n–\\n–\"},{\"bbox\":[240.7,180.9,273.7,189.5],\"lines\":[{\"bbox\":[240.7,180.9,273.7,189.5],\"text\":\"$ 51,783\"}],\"order\":20,\"text\":\"$ 51,783\"},{\"bbox\":[285.4,179.8,314.0,188.3],\"lines\":[{\"bbox\":[285.4,179.8,314.0,188.3],\"text\":\"$ 9,938\"}],\"order\":21,\"text\":\"$ 9,938\"},{\"bbox\":[476.3,93.8,492.6,101.9],\"lines\":[{\"bbox\":[476.3,93.8,492.6,101.9],\"text\":\"Total\"}],\"order\":22,\"text\":\"Total\"},{\"bbox\":[365.6,177.5,398.7,186.1],\"lines\":[{\"bbox\":[365.6,177.5,398.7,186.1],\"text\":\"$ 41,845\"}],\"order\":23,\"text\":\"$ 41,845\"},{\"bbox\":[450.2,175.1,483.3,183.7],\"lines\":[{\"bbox\":[450.2,175.1,483.3,183.7],\"text\":\"$ 51,783\"}],\"order\":24,\"text\":\"$ 51,783\"},{\"bbox\":[72.7,195.1,529.4,240.1],\"lines\":[{\"bbox\":[82.0,195.1,528.8,217.1],\"text\":\"LOAN PORTFOLIO AND RELATED ALLOWANCE FOR CREDIT LOSSES – The following table shows the\"},{\"bbox\":[73.0,207.2,529.1,228.6],\"text\":\"composition of HRB Bank’s mortgage loan portfolio as of April 30, 2008 and 2007, and information on\"},{\"bbox\":[73.3,229.4,143.4,240.1],\"text\":\"delinquent loans:\"}],\"order\":25,\"text\":\"LOAN PORTFOLIO AND RELATED ALLOWANCE FOR CREDIT LOSSES – The following table shows the\\ncomposition of HRB Bank’s mortgage loan portfolio as of April 30, 2008 and 2007, and information on\\ndelinquent loans:\"},{\"bbox\":[502.3,231.2,524.7,237.6],\"lines\":[{\"bbox\":[502.3,231.2,524.7,237.6],\"text\":\"(in 000s)\"}],\"order\":26,\"text\":\"(in 000s)\"},{\"bbox\":[73.9,252.4,103.7,261.0],\"lines\":[{\"bbox\":[73.9,252.4,103.7,261.0],\"text\":\"April 30.\"}],\"order\":27,\"text\":\"April 30.\"},{\"bbox\":[418.3,243.2,436.3,251.3],\"lines\":[{\"bbox\":[418.3,243.2,436.3,251.3],\"text\":\"2008\"}],\"order\":28,\"text\":\"2008\"},{\"bbox\":[508.1,240.7,526.1,248.8],\"lines\":[{\"bbox\":[508.1,240.7,526.1,248.8],\"text\":\"2007\"}],\"order\":29,\"text\":\"2007\"},{\"bbox\":[74.3,263.1,187.9,284.0],\"lines\":[{\"bbox\":[74.3,263.1,187.6,273.9],\"text\":\"Residential real estate mortgages\"},{\"bbox\":[74.6,273.7,167.4,284.0],\"text\":\"Home equity lines of credit\"}],\"order\":30,\"text\":\"Residential real estate mortgages\\nHome equity lines of credit\"},{\"bbox\":[394.5,256.1,437.0,275.0],\"lines\":[{\"bbox\":[394.5,256.1,436.7,265.0],\"text\":\"$ 1,004,283\"},{\"bbox\":[423.3,266.2,436.9,274.2],\"text\":\"357\"}],\"order\":31,\"text\":\"$ 1,004,283\\n357\"},{\"bbox\":[484.3,253.6,526.8,272.5],\"lines\":[{\"bbox\":[484.3,253.6,526.5,262.5],\"text\":\"$ 1,350,612\"},{\"bbox\":[513.2,263.7,526.7,271.7],\"text\":\"280\"}],\"order\":32,\"text\":\"$ 1,350,612\\n280\"},{\"bbox\":[395.1,279.1,437.3,288.0],\"lines\":[{\"bbox\":[395.1,279.1,437.3,288.0],\"text\":\"$ 1,004,640\"}],\"order\":33,\"text\":\"$ 1,004,640\"},{\"bbox\":[485.0,276.6,527.1,285.5],\"lines\":[{\"bbox\":[485.0,276.6,527.1,285.5],\"text\":\"$ 1,350,892\"}],\"order\":34,\"text\":\"$ 1,350,892\"},{\"bbox\":[75.3,299.1,186.4,319.9],\"lines\":[{\"bbox\":[75.3,300.5,136.7,309.9],\"text\":\"Non-accrual loans\"},{\"bbox\":[75.6,309.2,186.4,319.9],\"text\":\"Loans past due 90 days or more\"}],\"order\":35,\"text\":\"Non-accrual loans\\nLoans past due 90 days or more\"},{\"bbox\":[395.5,293.2,400.2,301.0],\"lines\":[{\"bbox\":[395.5,293.2,400.2,301.0],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[485.3,290.7,490.0,298.5],\"lines\":[{\"bbox\":[485.3,290.7,490.0,298.5],\"text\":\"$\"}],\"order\":37,\"text\":\"$\"},{\"bbox\":[408.6,292.1,438.0,310.6],\"lines\":[{\"bbox\":[408.6,292.1,437.7,300.6],\"text\":\"110,759\"},{\"bbox\":[413.3,302.2,438.0,310.5],\"text\":\"73,600\"}],\"order\":38,\"text\":\"110,759\\n73,600\"},{\"bbox\":[502.8,289.6,527.8,308.0],\"lines\":[{\"bbox\":[502.8,289.6,527.5,298.0],\"text\":\"22,909\"},{\"bbox\":[503.1,299.6,527.8,308.0],\"text\":\"22,909\"}],\"order\":39,\"text\":\"22,909\\n22,909\"},{\"bbox\":[76.3,324.3,532.7,357.3],\"lines\":[{\"bbox\":[85.6,324.3,532.3,345.5],\"text\":\"Of total loans outstanding at April 30, 2008, 71% were adjustable-rate loans and 29% were fixed-rate loans. A\"},{\"bbox\":[76.6,339.5,400.3,357.3],\"text\":\"rollforward of HRB Bank’s allowance for loss on mortgage loans is as follows:\"}],\"order\":40,\"text\":\"Of total loans outstanding at April 30, 2008, 71% were adjustable-rate loans and 29% were fixed-rate loans. A\\nrollforward of HRB Bank’s allowance for loss on mortgage loans is as follows:\"},{\"bbox\":[487.1,348.3,528.0,355.2],\"lines\":[{\"bbox\":[487.1,348.3,528.0,355.2],\"text\":\"(dollars in 000s)\"}],\"order\":41,\"text\":\"(dollars in 000s)\"},{\"bbox\":[77.2,368.4,148.3,378.1],\"lines\":[{\"bbox\":[77.2,368.4,148.3,378.1],\"text\":\"Year Ended April 30,\"}],\"order\":42,\"text\":\"Year Ended April 30,\"},{\"bbox\":[422.0,360.3,440.0,368.5],\"lines\":[{\"bbox\":[422.0,360.3,440.0,368.5],\"text\":\"2008\"}],\"order\":43,\"text\":\"2008\"},{\"bbox\":[407.3,374.1,412.0,381.9],\"lines\":[{\"bbox\":[407.3,374.1,412.0,381.9],\"text\":\"$\"}],\"order\":44,\"text\":\"$\"},{\"bbox\":[78.8,423.9,169.8,434.1],\"lines\":[{\"bbox\":[78.8,423.9,169.8,434.1],\"text\":\"Balance at end of the year\"}],\"order\":45,\"text\":\"Balance at end of the year\"},{\"bbox\":[408.5,416.3,441.7,424.9],\"lines\":[{\"bbox\":[408.5,416.3,441.7,424.9],\"text\":\"$ 45,401\"}],\"order\":46,\"text\":\"$ 45,401\"},{\"bbox\":[501.3,413.8,529.9,422.3],\"lines\":[{\"bbox\":[501.3,413.8,529.9,422.3],\"text\":\"$ 3,448\"}],\"order\":47,\"text\":\"$ 3,448\"},{\"bbox\":[418.1,429.3,441.9,437.6],\"lines\":[{\"bbox\":[418.1,429.3,441.9,437.6],\"text\":\"0.09%\"}],\"order\":48,\"text\":\"0.09%\"},{\"bbox\":[506.5,426.8,530.3,435.1],\"lines\":[{\"bbox\":[506.5,426.8,530.3,435.1],\"text\":\"0.02%\"}],\"order\":49,\"text\":\"0.02%\"},{\"bbox\":[79.1,432.7,318.3,447.1],\"lines\":[{\"bbox\":[79.1,432.7,318.3,447.1],\"text\":\"Ratio of net charge-offs to average loans outstanding during the year\"}],\"order\":50,\"text\":\"Ratio of net charge-offs to average loans outstanding during the year\"},{\"bbox\":[415.8,373.2,443.9,411.7],\"lines\":[{\"bbox\":[420.2,373.3,440.4,381.6],\"text\":\"3,448\"},{\"bbox\":[416.1,383.3,440.7,391.7],\"text\":\"42,004\"},{\"bbox\":[427.4,393.3,440.9,401.3],\"text\":\"999\"},{\"bbox\":[418.4,403.2,443.9,411.6],\"text\":\"(1,050)\"}],\"order\":51,\"text\":\"3,448\\n42,004\\n999\\n(1,050)\"},{\"bbox\":[510.4,357.8,528.4,366.0],\"lines\":[{\"bbox\":[510.4,357.8,528.4,366.0],\"text\":\"2007\"}],\"order\":52,\"text\":\"2007\"},{\"bbox\":[77.6,380.3,190.6,421.1],\"lines\":[{\"bbox\":[77.6,380.3,189.7,391.1],\"text\":\"Balance at beginning of the year\"},{\"bbox\":[77.8,392.6,108.3,401.1],\"text\":\"Provision\"},{\"bbox\":[78.1,402.4,113.9,411.1],\"text\":\"Recoveries\"},{\"bbox\":[78.4,412.3,119.1,421.1],\"text\":\"Charge-offs\"}],\"order\":53,\"text\":\"Balance at beginning of the year\\nProvision\\nRecoveries\\nCharge-offs\"},{\"bbox\":[500.1,371.5,504.7,379.3],\"lines\":[{\"bbox\":[500.1,371.5,504.7,379.3],\"text\":\"$\"}],\"order\":54,\"text\":\"$\"},{\"bbox\":[508.5,370.8,531.8,409.1],\"lines\":[{\"bbox\":[516.4,371.1,520.6,378.9],\"text\":\"–\"},{\"bbox\":[508.8,380.8,529.0,389.1],\"text\":\"3,622\"},{\"bbox\":[517.0,391.0,521.2,398.8],\"text\":\"–\"},{\"bbox\":[513.8,400.8,531.8,408.9],\"text\":\"(174)\"}],\"order\":55,\"text\":\"–\\n3,622\\n–\\n(174)\"},{\"bbox\":[79.7,447.9,536.2,481.4],\"lines\":[{\"bbox\":[89.0,447.9,535.8,469.9],\"text\":\"DEPOSITS – The following table shows HRB Bank’s average deposit balances and the average rate paid on those\"},{\"bbox\":[80.1,468.2,242.0,481.4],\"text\":\"deposits for fiscal years 2008 and 2007:\"}],\"order\":56,\"text\":\"DEPOSITS – The following table shows HRB Bank’s average deposit balances and the average rate paid on those\\ndeposits for fiscal years 2008 and 2007:\"},{\"bbox\":[490.6,472.5,531.5,479.4],\"lines\":[{\"bbox\":[490.6,472.5,531.5,479.4],\"text\":\"(dollars in 000s)\"}],\"order\":57,\"text\":\"(dollars in 000s)\"},{\"bbox\":[81.3,514.6,152.3,524.2],\"lines\":[{\"bbox\":[81.3,514.6,152.3,524.2],\"text\":\"Year Ended April 30,\"}],\"order\":58,\"text\":\"Year Ended April 30,\"},{\"bbox\":[81.7,526.3,201.7,567.3],\"lines\":[{\"bbox\":[81.7,527.0,174.3,537.3],\"text\":\"Money market and savings\"},{\"bbox\":[81.9,536.3,201.1,547.3],\"text\":\"Interest-bearing checking accounts\"},{\"bbox\":[82.2,549.1,97.1,557.2],\"text\":\"IRAs\"},{\"bbox\":[82.5,557.5,158.0,567.3],\"text\":\"Certificates of deposit\"}],\"order\":59,\"text\":\"Money market and savings\\nInterest-bearing checking accounts\\nIRAs\\nCertificates of deposit\"},{\"bbox\":[83.1,579.7,184.2,590.2],\"lines\":[{\"bbox\":[83.1,579.7,184.2,590.2],\"text\":\"Non-interest-bearing deposits\"}],\"order\":60,\"text\":\"Non-interest-bearing deposits\"},{\"bbox\":[246.7,524.9,251.4,532.7],\"lines\":[{\"bbox\":[246.7,524.9,251.4,532.7],\"text\":\"$\"}],\"order\":61,\"text\":\"$\"},{\"bbox\":[262.0,499.7,290.5,519.2],\"lines\":[{\"bbox\":[262.0,499.7,290.2,508.2],\"text\":\"Average\"},{\"bbox\":[264.1,510.7,290.5,519.1],\"text\":\"Balance\"}],\"order\":62,\"text\":\"Average\\nBalance\"},{\"bbox\":[337.6,486.6,366.4,517.1],\"lines\":[{\"bbox\":[347.8,486.6,365.8,494.8],\"text\":\"2008\"},{\"bbox\":[337.9,497.6,366.1,506.1],\"text\":\"Average\"},{\"bbox\":[351.0,508.6,366.3,516.7],\"text\":\"Rate\"}],\"order\":63,\"text\":\"2008\\nAverage\\nRate\"},{\"bbox\":[423.0,495.2,451.5,514.7],\"lines\":[{\"bbox\":[423.0,495.2,451.2,503.7],\"text\":\"Average\"},{\"bbox\":[425.1,506.2,451.5,514.6],\"text\":\"Balance\"}],\"order\":64,\"text\":\"Average\\nBalance\"},{\"bbox\":[503.6,482.0,532.5,512.4],\"lines\":[{\"bbox\":[513.9,482.0,531.9,490.2],\"text\":\"2007\"},{\"bbox\":[503.9,493.0,532.0,501.4],\"text\":\"Average\"},{\"bbox\":[517.0,504.0,532.4,512.1],\"text\":\"Rate\"}],\"order\":65,\"text\":\"2007\\nAverage\\nRate\"},{\"bbox\":[261.8,523.8,291.8,562.2],\"lines\":[{\"bbox\":[261.8,523.8,290.9,532.2],\"text\":\"653,126\"},{\"bbox\":[262.1,533.7,291.2,542.2],\"text\":\"141,328\"},{\"bbox\":[262.4,543.7,291.5,552.2],\"text\":\"101,085\"},{\"bbox\":[271.5,553.7,291.7,562.0],\"text\":\"9,297\"}],\"order\":66,\"text\":\"653,126\\n141,328\\n101,085\\n9,297\"},{\"bbox\":[344.8,521.6,369.4,559.9],\"lines\":[{\"bbox\":[344.8,521.6,368.5,529.9],\"text\":\"4.92%\"},{\"bbox\":[345.1,531.6,368.8,539.9],\"text\":\"4.31%\"},{\"bbox\":[345.3,541.5,369.1,549.9],\"text\":\"4.12%\"},{\"bbox\":[345.6,551.6,369.4,559.9],\"text\":\"5.45%\"}],\"order\":67,\"text\":\"4.92%\\n4.31%\\n4.12%\\n5.45%\"},{\"bbox\":[414.4,519.3,452.8,558.0],\"lines\":[{\"bbox\":[414.4,519.3,452.0,528.0],\"text\":\"$ 509,915\"},{\"bbox\":[427.6,529.2,452.2,537.6],\"text\":\"75,077\"},{\"bbox\":[427.8,539.2,452.5,547.6],\"text\":\"10,534\"},{\"bbox\":[439.2,549.2,452.7,557.3],\"text\":\"578\"}],\"order\":68,\"text\":\"$ 509,915\\n75,077\\n10,534\\n578\"},{\"bbox\":[510.8,517.0,535.4,555.3],\"lines\":[{\"bbox\":[510.8,517.0,534.5,525.3],\"text\":\"5.46%\"},{\"bbox\":[511.0,526.9,534.8,535.3],\"text\":\"4.96%\"},{\"bbox\":[511.3,536.9,535.1,545.2],\"text\":\"5.05%\"},{\"bbox\":[511.6,546.9,535.4,555.3],\"text\":\"5.06%\"}],\"order\":69,\"text\":\"5.46%\\n4.96%\\n5.05%\\n5.06%\"},{\"bbox\":[263.0,566.7,292.4,585.2],\"lines\":[{\"bbox\":[263.0,566.7,292.1,575.2],\"text\":\"904,836\"},{\"bbox\":[263.3,576.7,292.4,585.2],\"text\":\"189,325\"}],\"order\":70,\"text\":\"904,836\\n189,325\"},{\"bbox\":[346.0,564.5,369.7,572.9],\"lines\":[{\"bbox\":[346.0,564.5,369.7,572.9],\"text\":\"4.74%\"}],\"order\":71,\"text\":\"4.74%\"},{\"bbox\":[424.1,562.2,453.5,580.7],\"lines\":[{\"bbox\":[424.1,562.2,453.2,570.7],\"text\":\"596,104\"},{\"bbox\":[424.3,572.2,453.5,580.7],\"text\":\"104,603\"}],\"order\":72,\"text\":\"596,104\\n104,603\"},{\"bbox\":[512.0,559.9,535.7,568.2],\"lines\":[{\"bbox\":[512.0,559.9,535.7,568.2],\"text\":\"5.39%\"}],\"order\":73,\"text\":\"5.39%\"},{\"bbox\":[248.6,589.7,292.8,598.6],\"lines\":[{\"bbox\":[248.6,589.7,292.8,598.6],\"text\":\"$ 1,094,161\"}],\"order\":74,\"text\":\"$ 1,094,161\"},{\"bbox\":[416.3,585.2,453.8,593.9],\"lines\":[{\"bbox\":[416.3,585.2,453.8,593.9],\"text\":\"$ 700,707\"}],\"order\":75,\"text\":\"$ 700,707\"},{\"bbox\":[93.4,604.9,509.3,626.1],\"lines\":[{\"bbox\":[93.4,604.9,509.3,626.1],\"text\":\"RATIOS – The following table shows certain of HRB bank’s key ratios for fiscal years 2008 and 2007:\"}],\"order\":76,\"text\":\"RATIOS – The following table shows certain of HRB bank’s key ratios for fiscal years 2008 and 2007:\"},{\"bbox\":[84.6,633.3,155.7,642.9],\"lines\":[{\"bbox\":[84.6,633.3,155.7,642.9],\"text\":\"Year Ended April 30,\"}],\"order\":77,\"text\":\"Year Ended April 30,\"},{\"bbox\":[438.9,624.8,456.9,633.0],\"lines\":[{\"bbox\":[438.9,624.8,456.9,633.0],\"text\":\"2008\"}],\"order\":78,\"text\":\"2008\"},{\"bbox\":[517.8,622.6,535.8,630.8],\"lines\":[{\"bbox\":[517.8,622.6,535.8,630.8],\"text\":\"2007\"}],\"order\":79,\"text\":\"2007\"},{\"bbox\":[85.0,646.0,163.9,675.9],\"lines\":[{\"bbox\":[85.0,646.0,163.3,655.9],\"text\":\"Pretax return on assets\"},{\"bbox\":[85.2,656.3,155.7,665.9],\"text\":\"Net return on equity\"},{\"bbox\":[85.5,666.2,156.8,675.9],\"text\":\"Equity to assets ratio\"}],\"order\":80,\"text\":\"Pretax return on assets\\nNet return on equity\\nEquity to assets ratio\"},{\"bbox\":[429.0,637.8,457.8,666.3],\"lines\":[{\"bbox\":[433.4,637.8,457.2,646.2],\"text\":\"0.80%\"},{\"bbox\":[433.7,647.9,457.5,656.2],\"text\":\"3.32%\"},{\"bbox\":[429.6,657.8,457.8,666.3],\"text\":\"12.80%\"}],\"order\":81,\"text\":\"0.80%\\n3.32%\\n12.80%\"},{\"bbox\":[507.9,635.6,536.7,664.1],\"lines\":[{\"bbox\":[512.3,635.6,536.1,644.0],\"text\":\"2.60%\"},{\"bbox\":[508.2,645.6,536.4,654.1],\"text\":\"13.95%\"},{\"bbox\":[508.5,655.6,536.7,664.1],\"text\":\"11.59%\"}],\"order\":82,\"text\":\"2.60%\\n13.95%\\n11.59%\"},{\"bbox\":[446.4,747.0,522.4,755.4],\"lines\":[{\"bbox\":[446.4,747.0,522.4,755.4],\"text\":\"H&R BLOCK 2008 Form 10K\"}],\"order\":83,\"text\":\"H&R BLOCK 2008 Form 10K\"},{\"bbox\":[536.2,745.3,544.1,753.2],\"lines\":[{\"bbox\":[536.2,745.3,544.1,753.2],\"text\":\"41\"}],\"order\":84,\"text\":\"41\"}],\"doc\":\"fintabnet:HRB_2008\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"The following table shows the cost basis, scheduled maturities and average yields for HRB Bank’s investment\\nportfolio at April 30, 2008:\\n\\n(dollars in 000s)\\n\\nCost\\nBasis\\n\\nMortgage-backed securities\\nFederal funds sold\\nFHLB stock\\nOther\\n\\nLess Than One Year\\n\\nAfter Ten Years\\n\\nBalance\\nDue\\n\\nAverage\\nYield\\n\\nBalance\\nDue\\n\\nAverage\\nYield\\n\\nBalance\\nDue\\n\\nAverage\\nYield\\n\\n– %\\n3.25%\\n– %\\n– %\\n\\n$ 30,809\\n–\\n7,536\\n3,500\\n\\n4.94%\\n– %\\n4.70%\\n6.20%\\n\\n$ 30,809\\n9,938\\n7,536\\n3,500\\n\\n4.94%\\n3.25%\\n4.70%\\n6.20%\\n\\n$ 30,809\\n9,938\\n7,536\\n3,500\\n\\n$\\n\\n–\\n9,938\\n–\\n–\\n\\n$ 51,783\\n\\n$ 9,938\\n\\nTotal\\n\\n$ 41,845\\n\\n$ 51,783\\n\\nLOAN PORTFOLIO AND RELATED ALLOWANCE FOR CREDIT LOSSES – The following table shows the\\ncomposition of HRB Bank’s mortgage loan portfolio as of April 30, 2008 and 2007, and information on\\ndelinquent loans:\\n\\n(in 000s)\\n\\nApril 30.\\n\\n2008\\n\\n2007\\n\\nResidential real estate mortgages\\nHome equity lines of credit\\n\\n$ 1,004,283\\n357\\n\\n$ 1,350,612\\n280\\n\\n$ 1,004,640\\n\\n$ 1,350,892\\n\\nNon-accrual loans\\nLoans past due 90 days or more\\n\\n$\\n\\n$\\n\\n110,759\\n73,600\\n\\n22,909\\n22,909\\n\\nOf total loans outstanding at April 30, 2008, 71% were adjustable-rate loans and 29% were fixed-rate loans. A\\nrollforward of HRB Bank’s allowance for loss on mortgage loans is as follows:\\n\\n(dollars in 000s)\\n\\nYear Ended April 30,\\n\\n2008\\n\\n$\\n\\nBalance at end of the year\\n\\n$ 45,401\\n\\n$ 3,448\\n\\n0.09%\\n\\n0.02%\\n\\nRatio of net charge-offs to average loans outstanding during the year\\n\\n3,448\\n42,004\\n999\\n(1,050)\\n\\n2007\\n\\nBalance at beginning of the year\\nProvision\\nRecoveries\\nCharge-offs\\n\\n$\\n\\n–\\n3,622\\n–\\n(174)\\n\\nDEPOSITS – The following table shows HRB Bank’s average deposit balances and the average rate paid on those\\ndeposits for fiscal years 2008 and 2007:\\n\\n(dollars in 000s)\\n\\nYear Ended April 30,\\n\\nMoney market and savings\\nInterest-bearing checking accounts\\nIRAs\\nCertificates of deposit\\n\\nNon-interest-bearing deposits\\n\\n$\\n\\nAverage\\nBalance\\n\\n2008\\nAverage\\nRate\\n\\nAverage\\nBalance\\n\\n2007\\nAverage\\nRate\\n\\n653,126\\n141,328\\n101,085\\n9,297\\n\\n4.92%\\n4.31%\\n4.12%\\n5.45%\\n\\n$ 509,915\\n75,077\\n10,534\\n578\\n\\n5.46%\\n4.96%\\n5.05%\\n5.06%\\n\\n904,836\\n189,325\\n\\n4.74%\\n\\n596,104\\n104,603\\n\\n5.39%\\n\\n$ 1,094,161\\n\\n$ 700,707\\n\\nRATIOS – The following table shows certain of HRB bank’s key ratios for fiscal years 2008 and 2007:\\n\\nYear Ended April 30,\\n\\n2008\\n\\n2007\\n\\nPretax return on assets\\nNet return on equity\\nEquity to assets ratio\\n\\n0.80%\\n3.32%\\n12.80%\\n\\n2.60%\\n13.95%\\n11.59%\\n\\nH&R BLOCK 2008 Form 10K\\n\\n41\",\"name\":\"fintabnet.HRB_2008_page_61__72dpi_medium\",\"page_id\":\"fintabnet.HRB_2008_page_61\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.6,\"source\":\"fintabnet\",\"source_id\":\"HRB_2008_page_61\",\"stack\":[{\"deg\":1.6,\"op\":\"skew\"},{\"amp\":0.11,\"angle\":135.3,\"blob\":0.503,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.725},{\"gain\":0.77,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.051,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[73.9,239.2,527.8,320.0],\"block_orders\":[27,28,29,30,31,32,33,34,35,36,37,38,39],\"cells\":null},{\"bbox\":[84.6,621.2,536.7,676.0],\"block_orders\":[77,78,79,80,81,82],\"cells\":null}],\"text\":\"The following table shows the cost basis, scheduled maturities and average yields for HRB Bank’s investment\\nportfolio at April 30, 2008:\\n\\n(dollars in 000s)\\n\\nCost\\nBasis\\n\\nMortgage-backed securities\\nFederal funds sold\\nFHLB stock\\nOther\\n\\nLess Than One Year\\n\\nAfter Ten Years\\n\\nBalance\\nDue\\n\\nAverage\\nYield\\n\\nBalance\\nDue\\n\\nAverage\\nYield\\n\\nBalance\\nDue\\n\\nAverage\\nYield\\n\\n– %\\n3.25%\\n– %\\n– %\\n\\n$ 30,809\\n–\\n7,536\\n3,500\\n\\n4.94%\\n– %\\n4.70%\\n6.20%\\n\\n$ 30,809\\n9,938\\n7,536\\n3,500\\n\\n4.94%\\n3.25%\\n4.70%\\n6.20%\\n\\n$ 30,809\\n9,938\\n7,536\\n3,500\\n\\n$\\n\\n–\\n9,938\\n–\\n–\\n\\n$ 51,783\\n\\n$ 9,938\\n\\nTotal\\n\\n$ 41,845\\n\\n$ 51,783\\n\\nLOAN PORTFOLIO AND RELATED ALLOWANCE FOR CREDIT LOSSES – The following table shows the\\ncomposition of HRB Bank’s mortgage loan portfolio as of April 30, 2008 and 2007, and information on\\ndelinquent loans:\\n\\n(in 000s)\\n\\nApril 30.\\n\\n2008\\n\\n2007\\n\\nResidential real estate mortgages\\nHome equity lines of credit\\n\\n$ 1,004,283\\n357\\n\\n$ 1,350,612\\n280\\n\\n$ 1,004,640\\n\\n$ 1,350,892\\n\\nNon-accrual loans\\nLoans past due 90 days or more\\n\\n$\\n\\n$\\n\\n110,759\\n73,600\\n\\n22,909\\n22,909\\n\\nOf total loans outstanding at April 30, 2008, 71% were adjustable-rate loans and 29% were fixed-rate loans. A\\nrollforward of HRB Bank’s allowance for loss on mortgage loans is as follows:\\n\\n(dollars in 000s)\\n\\nYear Ended April 30,\\n\\n2008\\n\\n$\\n\\nBalance at end of the year\\n\\n$ 45,401\\n\\n$ 3,448\\n\\n0.09%\\n\\n0.02%\\n\\nRatio of net charge-offs to average loans outstanding during the year\\n\\n3,448\\n42,004\\n999\\n(1,050)\\n\\n2007\\n\\nBalance at beginning of the year\\nProvision\\nRecoveries\\nCharge-offs\\n\\n$\\n\\n–\\n3,622\\n–\\n(174)\\n\\nDEPOSITS – The following table shows HRB Bank’s average deposit balances and the average rate paid on those\\ndeposits for fiscal years 2008 and 2007:\\n\\n(dollars in 000s)\\n\\nYear Ended April 30,\\n\\nMoney market and savings\\nInterest-bearing checking accounts\\nIRAs\\nCertificates of deposit\\n\\nNon-interest-bearing deposits\\n\\n$\\n\\nAverage\\nBalance\\n\\n2008\\nAverage\\nRate\\n\\nAverage\\nBalance\\n\\n2007\\nAverage\\nRate\\n\\n653,126\\n141,328\\n101,085\\n9,297\\n\\n4.92%\\n4.31%\\n4.12%\\n5.45%\\n\\n$ 509,915\\n75,077\\n10,534\\n578\\n\\n5.46%\\n4.96%\\n5.05%\\n5.06%\\n\\n904,836\\n189,325\\n\\n4.74%\\n\\n596,104\\n104,603\\n\\n5.39%\\n\\n$ 1,094,161\\n\\n$ 700,707\\n\\nRATIOS – The following table shows certain of HRB bank’s key ratios for fiscal years 2008 and 2007:\\n\\nYear Ended April 30,\\n\\n2008\\n\\n2007\\n\\nPretax return on assets\\nNet return on equity\\nEquity to assets ratio\\n\\n0.80%\\n3.32%\\n12.80%\\n\\n2.60%\\n13.95%\\n11.59%\\n\\nH&R BLOCK 2008 Form 10K\\n\\n41\"},\"name\":\"fintabnet.HRB_2008_page_61__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":10330,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:HRB_2008\",\"dpi\":72,\"gt_sha256\":\"f1543e469799c92799b5ceaa2faffcabed41d787219f07b12e57f32e36916cbe\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HRB_2008_page_61__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.HRB_2008_page_61\",\"pdf_sha256\":\"97b12375bbabd4acea3813e0f5d5a8462cd362d4c2cec394970c82904d7d81b1\",\"px\":[612,792],\"scan\":{\"render\":\"000039783bfc23fc3ffc383c3ffc3fb430143ffc3b5431503ffc301400000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"HRB_2008_page_61\",\"src\":{\"file_sha256\":\"4ee6b01f160fecf23ee06fa3912637c2f11f5a408febf39db54605d419ea23bf\",\"render\":\"00003ffc33fc23fc3ffc38343ffc3ffc20143ffc3ffc03103ffc301400000000\",\"text\":\"f7c9c8fdaf83443162b23349926d8f91783083a1c52ecae04ee72b9c55ebb67f\"},\"stack\":[{\"deg\":1.6,\"op\":\"skew\"},{\"amp\":0.11,\"angle\":135.3,\"blob\":0.503,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.725},{\"gain\":0.77,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.051,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"97b12375bbabd4acea3813e0f5d5a8462cd362d4c2cec394970c82904d7d81b1\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/97b12375bbabd4acea3813e0f5d5a8462cd362d4c2cec394970c82904d7d81b1.pdf","asset_sha256":"97b12375bbabd4acea3813e0f5d5a8462cd362d4c2cec394970c82904d7d81b1","document_id":"fintabnet:HRB_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HRB_2008_page_61\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HRB_2011_page_30\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HRB_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[82.7,70.3,540.4,141.6],\"lines\":[{\"bbox\":[84.3,70.3,540.3,95.9],\"text\":\"ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF\"},{\"bbox\":[123.3,83.2,179.7,94.8],\"text\":\"OPERATIONS\"},{\"bbox\":[83.5,93.9,539.5,118.6],\"text\":\"Our subsidiaries provide tax preparation, retail banking and various business advisory and consulting services. We\"},{\"bbox\":[83.1,105.4,539.1,130.1],\"text\":\"are the only major company offering a full range of software, online and in-office tax preparation solutions to\"},{\"bbox\":[82.7,116.9,171.3,128.7],\"text\":\"individual tax clients.\"}],\"order\":0,\"text\":\"ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF\\nOPERATIONS\\nOur subsidiaries provide tax preparation, retail banking and various business advisory and consulting services. We\\nare the only major company offering a full range of software, online and in-office tax preparation solutions to\\nindividual tax clients.\"},{\"bbox\":[76.0,133.8,538.2,331.8],\"lines\":[{\"bbox\":[82.1,133.8,129.9,145.1],\"text\":\"OVERVIEW\"},{\"bbox\":[81.7,146.0,310.9,162.7],\"text\":\"A summary of our fiscal year 2011 results is as follows:\"},{\"bbox\":[90.5,155.2,434.5,180.3],\"text\":\"쐍 Revenues for the fiscal year were $3.8 billion, down 2.6% from prior year results.\"},{\"bbox\":[90.1,166.6,508.6,194.3],\"text\":\"쐍 Diluted earnings per share from continuing operations decreased 7.5% from the prior year to $1.35.\"},{\"bbox\":[89.7,178.2,536.5,206.8],\"text\":\"쐍 U.S. tax returns prepared by us increased 6.5% from the prior year primarily due to strong results in our retail\"},{\"bbox\":[99.1,192.6,536.0,216.7],\"text\":\"offices related to a free Federal 1040 EZ offer during the first half of the season as well as improved results\"},{\"bbox\":[98.7,204.1,535.7,228.2],\"text\":\"during the second half. Online results also improved due to enhancements to our client interface and\"},{\"bbox\":[98.3,215.7,229.9,229.0],\"text\":\"improved traffic to our website.\"},{\"bbox\":[88.1,224.2,535.0,252.9],\"text\":\"쐍 Revenues in our Tax Services segment decreased 2.1% from the prior year, primarily due to the sale of\"},{\"bbox\":[97.5,238.7,534.5,262.7],\"text\":\"280 company-owned offices to franchisees and a decline in revenues from RAL participations, which were\"},{\"bbox\":[97.1,250.2,242.1,263.9],\"text\":\"partially offset by higher RAC fees.\"},{\"bbox\":[86.9,258.7,533.7,287.4],\"text\":\"쐍 Pretax income for the Tax Services segment decreased $99.9 million, or 11.5%, due primarily to a $34.3 million\"},{\"bbox\":[96.3,273.2,533.2,297.2],\"text\":\"increase in bad debt expense, goodwill impairment of $22.7 million and litigation charges of $15.0 million.\"},{\"bbox\":[86.1,281.7,532.9,310.4],\"text\":\"쐍 Pretax income for the Business Services segment decreased $9.7 million, or 16.5%, primarily due to lower\"},{\"bbox\":[95.5,296.2,532.6,320.3],\"text\":\"revenues and higher litigation expenses, partially offset by a goodwill impairment charge recorded in the prior\"},{\"bbox\":[95.1,307.7,114.8,317.1],\"text\":\"year.\"}],\"order\":1,\"text\":\"OVERVIEW\\nA summary of our fiscal year 2011 results is as follows:\\n쐍 Revenues for the fiscal year were $3.8 billion, down 2.6% from prior year results.\\n쐍 Diluted earnings per share from continuing operations decreased 7.5% from the prior year to $1.35.\\n쐍 U.S. tax returns prepared by us increased 6.5% from the prior year primarily due to strong results in our retail\\noffices related to a free Federal 1040 EZ offer during the first half of the season as well as improved results\\nduring the second half. Online results also improved due to enhancements to our client interface and\\nimproved traffic to our website.\\n쐍 Revenues in our Tax Services segment decreased 2.1% from the prior year, primarily due to the sale of\\n280 company-owned offices to franchisees and a decline in revenues from RAL participations, which were\\npartially offset by higher RAC fees.\\n쐍 Pretax income for the Tax Services segment decreased $99.9 million, or 11.5%, due primarily to a $34.3 million\\nincrease in bad debt expense, goodwill impairment of $22.7 million and litigation charges of $15.0 million.\\n쐍 Pretax income for the Business Services segment decreased $9.7 million, or 16.5%, primarily due to lower\\nrevenues and higher litigation expenses, partially offset by a goodwill impairment charge recorded in the prior\\nyear.\"},{\"bbox\":[75.2,321.3,220.2,343.1],\"lines\":[{\"bbox\":[75.6,321.3,220.2,333.6],\"text\":\"Consolidated Results of Operations Data\"},{\"bbox\":[75.2,330.8,141.9,340.4],\"text\":\"Year Ended April 30,\"}],\"order\":2,\"text\":\"Consolidated Results of Operations Data\\nYear Ended April 30,\"},{\"bbox\":[73.7,343.5,170.1,384.5],\"lines\":[{\"bbox\":[74.8,343.5,114.2,352.5],\"text\":\"REVENUES:\"},{\"bbox\":[82.0,353.7,119.7,362.7],\"text\":\"Tax Services\"},{\"bbox\":[81.6,363.8,135.7,373.3],\"text\":\"Business Services\"},{\"bbox\":[81.2,373.7,169.0,384.5],\"text\":\"Corporate and eliminations\"}],\"order\":3,\"text\":\"REVENUES:\\nTax Services\\nBusiness Services\\nCorporate and eliminations\"},{\"bbox\":[71.5,395.5,247.2,449.3],\"lines\":[{\"bbox\":[72.9,395.5,247.2,409.3],\"text\":\"INCOME (LOSS) FROM CONTINUING OPERATIONS\"},{\"bbox\":[80.1,405.8,134.3,415.4],\"text\":\"BEFORE TAXES:\"},{\"bbox\":[79.8,415.8,117.5,424.8],\"text\":\"Tax Services\"},{\"bbox\":[79.4,425.8,133.5,435.3],\"text\":\"Business Services\"},{\"bbox\":[79.1,435.8,166.8,446.6],\"text\":\"Corporate and eliminations\"}],\"order\":4,\"text\":\"INCOME (LOSS) FROM CONTINUING OPERATIONS\\nBEFORE TAXES:\\nTax Services\\nBusiness Services\\nCorporate and eliminations\"},{\"bbox\":[434.0,335.0,526.6,344.0],\"lines\":[{\"bbox\":[434.0,335.0,526.6,344.0],\"text\":\"(in 000s, except per share amounts)\"}],\"order\":5,\"text\":\"(in 000s, except per share amounts)\"},{\"bbox\":[331.3,339.8,348.2,347.6],\"lines\":[{\"bbox\":[331.3,339.8,348.2,347.6],\"text\":\"2011\"}],\"order\":6,\"text\":\"2011\"},{\"bbox\":[420.3,343.0,437.3,350.8],\"lines\":[{\"bbox\":[420.3,343.0,437.3,350.8],\"text\":\"2010\"}],\"order\":7,\"text\":\"2010\"},{\"bbox\":[509.4,346.1,526.3,353.9],\"lines\":[{\"bbox\":[509.4,346.1,526.3,353.9],\"text\":\"2009\"}],\"order\":8,\"text\":\"2009\"},{\"bbox\":[305.3,361.6,347.5,390.7],\"lines\":[{\"bbox\":[306.0,361.6,347.5,370.7],\"text\":\"$ 2,912,361\"},{\"bbox\":[319.8,372.1,347.2,380.8],\"text\":\"829,794\"},{\"bbox\":[323.6,382.3,346.8,390.7],\"text\":\"32,141\"}],\"order\":9,\"text\":\"$ 2,912,361\\n829,794\\n32,141\"},{\"bbox\":[394.3,364.7,436.5,393.9],\"lines\":[{\"bbox\":[395.0,364.7,436.5,373.8],\"text\":\"$ 2,975,252\"},{\"bbox\":[408.8,375.2,436.2,383.9],\"text\":\"860,349\"},{\"bbox\":[412.6,385.4,435.8,393.9],\"text\":\"38,731\"}],\"order\":10,\"text\":\"$ 2,975,252\\n860,349\\n38,731\"},{\"bbox\":[483.4,367.8,525.6,397.0],\"lines\":[{\"bbox\":[484.1,367.8,525.6,377.0],\"text\":\"$ 3,132,077\"},{\"bbox\":[497.9,378.4,525.2,387.0],\"text\":\"897,809\"},{\"bbox\":[501.7,388.5,524.8,397.0],\"text\":\"53,691\"}],\"order\":11,\"text\":\"$ 3,132,077\\n897,809\\n53,691\"},{\"bbox\":[304.9,393.6,346.3,402.8],\"lines\":[{\"bbox\":[304.9,393.6,346.3,402.8],\"text\":\"$ 3,774,296\"}],\"order\":12,\"text\":\"$ 3,774,296\"},{\"bbox\":[393.9,396.8,435.4,405.9],\"lines\":[{\"bbox\":[393.9,396.8,435.4,405.9],\"text\":\"$ 3,874,332\"}],\"order\":13,\"text\":\"$ 3,874,332\"},{\"bbox\":[482.9,399.9,524.5,409.0],\"lines\":[{\"bbox\":[482.9,399.9,524.5,409.0],\"text\":\"$ 4,083,577\"}],\"order\":14,\"text\":\"$ 4,083,577\"},{\"bbox\":[303.8,423.6,308.2,431.5],\"lines\":[{\"bbox\":[303.8,423.6,308.2,431.5],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[392.9,426.8,397.3,434.6],\"lines\":[{\"bbox\":[392.9,426.8,397.3,434.6],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[481.9,429.9,486.3,437.7],\"lines\":[{\"bbox\":[481.9,429.9,486.3,437.7],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[70.8,457.5,112.9,466.7],\"lines\":[{\"bbox\":[70.8,457.5,112.9,466.7],\"text\":\"Income taxes\"}],\"order\":18,\"text\":\"Income 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10K\"}],\"doc\":\"fintabnet:HRB_2011\",\"dpi\":72,\"image_px\":[603,784],\"layout\":[],\"markdown\":\"ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF\\nOPERATIONS\\nOur subsidiaries provide tax preparation, retail banking and various business advisory and consulting services. We\\nare the only major company offering a full range of software, online and in-office tax preparation solutions to\\nindividual tax clients.\\n\\nOVERVIEW\\nA summary of our fiscal year 2011 results is as follows:\\n쐍 Revenues for the fiscal year were $3.8 billion, down 2.6% from prior year results.\\n쐍 Diluted earnings per share from continuing operations decreased 7.5% from the prior year to $1.35.\\n쐍 U.S. tax returns prepared by us increased 6.5% from the prior year primarily due to strong results in our retail\\noffices related to a free Federal 1040 EZ offer during the first half of the season as well as improved results\\nduring the second half. Online results also improved due to enhancements to our client interface and\\nimproved traffic to our website.\\n쐍 Revenues in our Tax Services segment decreased 2.1% from the prior year, primarily due to the sale of\\n280 company-owned offices to franchisees and a decline in revenues from RAL participations, which were\\npartially offset by higher RAC fees.\\n쐍 Pretax income for the Tax Services segment decreased $99.9 million, or 11.5%, due primarily to a $34.3 million\\nincrease in bad debt expense, goodwill impairment of $22.7 million and litigation charges of $15.0 million.\\n쐍 Pretax income for the Business Services segment decreased $9.7 million, or 16.5%, primarily due to lower\\nrevenues and higher litigation expenses, partially offset by a goodwill impairment charge recorded in the prior\\nyear.\\n\\nConsolidated Results of Operations Data\\nYear Ended April 30,\\n\\nREVENUES:\\nTax Services\\nBusiness Services\\nCorporate and eliminations\\n\\nINCOME (LOSS) FROM CONTINUING OPERATIONS\\nBEFORE TAXES:\\nTax Services\\nBusiness Services\\nCorporate and eliminations\\n\\n(in 000s, except per share amounts)\\n\\n2011\\n\\n2010\\n\\n2009\\n\\n$ 2,912,361\\n829,794\\n32,141\\n\\n$ 2,975,252\\n860,349\\n38,731\\n\\n$ 3,132,077\\n897,809\\n53,691\\n\\n$ 3,774,296\\n\\n$ 3,874,332\\n\\n$ 4,083,577\\n\\n$\\n\\n$\\n\\n$\\n\\nIncome taxes\\n\\n767,498\\n49,003\\n(139,476)\\n677,025\\n257,620\\n\\nNet income from continuing operations\\nNet loss of discontinued operations\\n\\n419,405\\n(13,295)\\n\\n867,362\\n58,714\\n(141,941)\\n784,135\\n295,189\\n\\n488,946\\n(9,704)\\n\\n927,048\\n96,097\\n(183,775)\\n839,370\\n326,315\\n\\n513,055\\n(27,382)\\n\\nNet income\\n\\n$\\n\\n406,110\\n\\n$\\n\\n479,242\\n\\n$\\n\\n485,673\\n\\nBASIC EARNINGS (LOSS) PER SHARE:\\nNet income from continuing operations\\nNet loss of discontinued operations\\n\\n$\\n\\n1.35\\n(0.04)\\n\\n$\\n\\n1.47\\n(0.03)\\n\\n$\\n\\n1.53\\n(0.08)\\n\\n$\\n\\n1.31\\n\\n$\\n\\n1.44\\n\\n$\\n\\n1.45\\n\\n$\\n\\n1.35\\n(0.04)\\n\\n$\\n\\n1.46\\n(0.03)\\n\\n$\\n\\n1.53\\n(0.08)\\n\\n$\\n\\n1.31\\n\\n$\\n\\n1.43\\n\\n$\\n\\n1.45\\n\\nNet income\\n\\nDILUTED EARNINGS (LOSS) PER SHARE:\\nNet income from continuing operations\\nNet loss of discontinued operations\\n\\nNet income\\n\\n18\\n\\nH&R BLOCK 2011 Form 10K\",\"name\":\"fintabnet.HRB_2011_page_30__72dpi_heavy\",\"page_id\":\"fintabnet.HRB_2011_page_30\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.012,\"source\":\"fintabnet\",\"source_id\":\"HRB_2011_page_30\",\"stack\":[{\"deg\":-2.012,\"op\":\"skew\"},{\"amp\":0.188,\"angle\":44.9,\"blob\":0.515,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.512},{\"op\":\"noise\",\"sigma\":15.991},{\"op\":\"jpeg\",\"q\":33}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[66.3,319.9,528.8,609.3],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60],\"cells\":null}],\"text\":\"ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF\\nOPERATIONS\\nOur subsidiaries provide tax preparation, retail banking and various business advisory and consulting services. We\\nare the only major company offering a full range of software, online and in-office tax preparation solutions to\\nindividual tax clients.\\n\\nOVERVIEW\\nA summary of our fiscal year 2011 results is as follows:\\n쐍 Revenues for the fiscal year were $3.8 billion, down 2.6% from prior year results.\\n쐍 Diluted earnings per share from continuing operations decreased 7.5% from the prior year to $1.35.\\n쐍 U.S. tax returns prepared by us increased 6.5% from the prior year primarily due to strong results in our retail\\noffices related to a free Federal 1040 EZ offer during the first half of the season as well as improved results\\nduring the second half. Online results also improved due to enhancements to our client interface and\\nimproved traffic to our website.\\n쐍 Revenues in our Tax Services segment decreased 2.1% from the prior year, primarily due to the sale of\\n280 company-owned offices to franchisees and a decline in revenues from RAL participations, which were\\npartially offset by higher RAC fees.\\n쐍 Pretax income for the Tax Services segment decreased $99.9 million, or 11.5%, due primarily to a $34.3 million\\nincrease in bad debt expense, goodwill impairment of $22.7 million and litigation charges of $15.0 million.\\n쐍 Pretax income for the Business Services segment decreased $9.7 million, or 16.5%, primarily due to lower\\nrevenues and higher litigation expenses, partially offset by a goodwill impairment charge recorded in the prior\\nyear.\\n\\nConsolidated Results of Operations Data\\nYear Ended April 30,\\n\\nREVENUES:\\nTax Services\\nBusiness Services\\nCorporate and eliminations\\n\\nINCOME (LOSS) FROM CONTINUING OPERATIONS\\nBEFORE TAXES:\\nTax Services\\nBusiness Services\\nCorporate and eliminations\\n\\n(in 000s, except per share amounts)\\n\\n2011\\n\\n2010\\n\\n2009\\n\\n$ 2,912,361\\n829,794\\n32,141\\n\\n$ 2,975,252\\n860,349\\n38,731\\n\\n$ 3,132,077\\n897,809\\n53,691\\n\\n$ 3,774,296\\n\\n$ 3,874,332\\n\\n$ 4,083,577\\n\\n$\\n\\n$\\n\\n$\\n\\nIncome taxes\\n\\n767,498\\n49,003\\n(139,476)\\n677,025\\n257,620\\n\\nNet income from continuing operations\\nNet loss of discontinued operations\\n\\n419,405\\n(13,295)\\n\\n867,362\\n58,714\\n(141,941)\\n784,135\\n295,189\\n\\n488,946\\n(9,704)\\n\\n927,048\\n96,097\\n(183,775)\\n839,370\\n326,315\\n\\n513,055\\n(27,382)\\n\\nNet income\\n\\n$\\n\\n406,110\\n\\n$\\n\\n479,242\\n\\n$\\n\\n485,673\\n\\nBASIC EARNINGS (LOSS) PER SHARE:\\nNet income from continuing operations\\nNet loss of discontinued operations\\n\\n$\\n\\n1.35\\n(0.04)\\n\\n$\\n\\n1.47\\n(0.03)\\n\\n$\\n\\n1.53\\n(0.08)\\n\\n$\\n\\n1.31\\n\\n$\\n\\n1.44\\n\\n$\\n\\n1.45\\n\\n$\\n\\n1.35\\n(0.04)\\n\\n$\\n\\n1.46\\n(0.03)\\n\\n$\\n\\n1.53\\n(0.08)\\n\\n$\\n\\n1.31\\n\\n$\\n\\n1.43\\n\\n$\\n\\n1.45\\n\\nNet income\\n\\nDILUTED EARNINGS (LOSS) PER SHARE:\\nNet income from continuing operations\\nNet loss of discontinued operations\\n\\nNet income\\n\\n18\\n\\nH&R BLOCK 2011 Form 10K\"},\"name\":\"fintabnet.HRB_2011_page_30__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":57410,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:HRB_2011\",\"dpi\":72,\"gt_sha256\":\"64726dc37dedf77365dc223ab7801b65a9e649a361a69ea6491de97987b439c9\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HRB_2011_page_30__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.HRB_2011_page_30\",\"pdf_sha256\":\"76d6532a856e83646b4ad069c3743667a35dfd8f9bcfd3a893080a7832cb459d\",\"px\":[603,784],\"scan\":{\"render\":\"00001bfc387c3ff03ffc3ffc3dfc2014309c209438bc38fc20ff0007000f100f\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"HRB_2011_page_30\",\"src\":{\"file_sha256\":\"3a43c05df6ff0e5591696f7bdccd382557f084babf2409fd55b0126e149d90be\",\"render\":\"00003ffc3ffc3ff83ffc3ffc3ffc30fc30d420fc38fc38fc00fc000000000000\",\"text\":\"035436c36d712d6d6128d4a9ba1f407deaf285219c01069f020d0c0595f8bc1c\"},\"stack\":[{\"deg\":-2.012,\"op\":\"skew\"},{\"amp\":0.188,\"angle\":44.9,\"blob\":0.515,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.512},{\"op\":\"noise\",\"sigma\":15.991},{\"op\":\"jpeg\",\"q\":33}],\"tools\":\"21647cade0ee\"},\"sha256\":\"76d6532a856e83646b4ad069c3743667a35dfd8f9bcfd3a893080a7832cb459d\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/76d6532a856e83646b4ad069c3743667a35dfd8f9bcfd3a893080a7832cb459d.pdf","asset_sha256":"76d6532a856e83646b4ad069c3743667a35dfd8f9bcfd3a893080a7832cb459d","document_id":"fintabnet:HRB_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HRB_2011_page_30\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HRB_2011_page_62\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HRB_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[137.1,70.8,496.3,100.3],\"lines\":[{\"bbox\":[137.1,70.8,496.3,100.3],\"text\":\"Our allowance for doubtful accounts consists of the following:\"}],\"order\":0,\"text\":\"Our allowance for doubtful accounts consists of the following:\"},{\"bbox\":[718.8,116.3,750.1,125.8],\"lines\":[{\"bbox\":[718.8,116.3,750.1,125.8],\"text\":\"(in 000s)\"}],\"order\":1,\"text\":\"(in 000s)\"},{\"bbox\":[122.9,99.2,193.2,113.2],\"lines\":[{\"bbox\":[122.9,99.2,193.2,113.2],\"text\":\"As of April 30,\"}],\"order\":2,\"text\":\"As of April 30,\"},{\"bbox\":[606.2,122.7,631.4,134.6],\"lines\":[{\"bbox\":[606.2,122.7,631.4,134.6],\"text\":\"2011\"}],\"order\":3,\"text\":\"2011\"},{\"bbox\":[119.3,117.2,307.7,192.4],\"lines\":[{\"bbox\":[122.0,117.2,224.4,132.8],\"text\":\"Allowance related to:\"},{\"bbox\":[132.4,131.6,283.3,149.6],\"text\":\"Emerald Advance lines of credit\"},{\"bbox\":[131.8,145.5,306.4,164.6],\"text\":\"Tax client receivables related to RALs\"},{\"bbox\":[131.1,159.3,228.1,174.7],\"text\":\"Loans to franchisees\"},{\"bbox\":[130.4,173.3,226.6,188.6],\"text\":\"All other receivables\"}],\"order\":4,\"text\":\"Allowance related to:\\nEmerald Advance lines of credit\\nTax client receivables related to RALs\\nLoans to franchisees\\nAll other receivables\"},{\"bbox\":[583.7,153.6,590.4,164.6],\"lines\":[{\"bbox\":[583.7,153.6,590.4,164.6],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[724.4,128.5,749.7,140.3],\"lines\":[{\"bbox\":[724.4,128.5,749.7,140.3],\"text\":\"2010\"}],\"order\":6,\"text\":\"2010\"},{\"bbox\":[593.4,154.2,629.9,208.2],\"lines\":[{\"bbox\":[601.5,154.5,629.8,166.5],\"text\":\"4,400\"},{\"bbox\":[611.8,168.9,617.9,179.8],\"text\":\"–\"},{\"bbox\":[611.1,182.7,617.2,193.7],\"text\":\"–\"},{\"bbox\":[593.4,195.8,627.8,208.2],\"text\":\"63,066\"}],\"order\":7,\"text\":\"4,400\\n–\\n–\\n63,066\"},{\"bbox\":[695.8,159.1,702.5,170.1],\"lines\":[{\"bbox\":[695.8,159.1,702.5,170.1],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[580.8,213.3,627.0,226.2],\"lines\":[{\"bbox\":[580.8,213.3,627.0,226.2],\"text\":\"$ 67,466\"}],\"order\":9,\"text\":\"$ 67,466\"},{\"bbox\":[711.6,160.0,748.1,213.9],\"lines\":[{\"bbox\":[713.6,160.0,748.1,172.3],\"text\":\"35,239\"},{\"bbox\":[712.9,173.8,747.4,186.1],\"text\":\"12,191\"},{\"bbox\":[739.9,189.0,746.6,200.0],\"text\":\"4\"},{\"bbox\":[711.6,201.6,746.0,213.9],\"text\":\"65,041\"}],\"order\":10,\"text\":\"35,239\\n12,191\\n4\\n65,041\"},{\"bbox\":[692.9,218.8,745.2,231.9],\"lines\":[{\"bbox\":[692.9,218.8,745.2,231.9],\"text\":\"$ 112,475\"}],\"order\":11,\"text\":\"$ 112,475\"},{\"bbox\":[129.8,221.7,750.4,264.0],\"lines\":[{\"bbox\":[129.8,221.7,750.4,264.0],\"text\":\"Activity in the allowance for doubtful accounts for the years ended April 30, 2011, 2010 and 2009 is as follows:\"}],\"order\":12,\"text\":\"Activity in the allowance for doubtful accounts for the years ended April 30, 2011, 2010 and 2009 is as follows:\"},{\"bbox\":[711.5,267.2,742.7,276.7],\"lines\":[{\"bbox\":[711.5,267.2,742.7,276.7],\"text\":\"(in 000s)\"}],\"order\":13,\"text\":\"(in 000s)\"},{\"bbox\":[372.1,262.5,626.6,299.5],\"lines\":[{\"bbox\":[372.8,262.5,455.7,277.2],\"text\":\"Emerald Advance\"},{\"bbox\":[504.6,269.0,551.4,281.9],\"text\":\"Tax Client\"},{\"bbox\":[599.0,273.6,626.6,285.5],\"text\":\"Loans\"},{\"bbox\":[385.5,277.1,626.0,299.5],\"text\":\"Lines of Credit Receivables - RALs to Franchisees\"}],\"order\":14,\"text\":\"Emerald Advance\\nTax Client\\nLoans\\nLines of Credit Receivables - RALs to Franchisees\"},{\"bbox\":[112.0,281.9,242.6,340.5],\"lines\":[{\"bbox\":[114.0,281.9,242.6,298.8],\"text\":\"Balance as of May 1, 2008\"},{\"bbox\":[113.3,295.8,155.8,308.5],\"text\":\"Provision\"},{\"bbox\":[112.6,309.7,162.5,322.8],\"text\":\"Recoveries\"},{\"bbox\":[112.0,323.6,168.6,337.0],\"text\":\"Charge-offs\"}],\"order\":15,\"text\":\"Balance as of May 1, 2008\\nProvision\\nRecoveries\\nCharge-offs\"},{\"bbox\":[401.1,295.9,407.8,306.9],\"lines\":[{\"bbox\":[401.1,295.9,407.8,306.9],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[414.8,296.7,457.5,350.9],\"lines\":[{\"bbox\":[419.9,296.9,454.3,309.2],\"text\":\"31,393\"},{\"bbox\":[419.2,310.7,453.7,323.0],\"text\":\"42,875\"},{\"bbox\":[435.7,325.5,441.7,336.4],\"text\":\"–\"},{\"bbox\":[414.8,338.3,455.4,350.9],\"text\":\"(31,393)\"}],\"order\":17,\"text\":\"31,393\\n42,875\\n–\\n(31,393)\"},{\"bbox\":[500.8,300.9,552.9,355.6],\"lines\":[{\"bbox\":[502.8,300.9,549.9,313.8],\"text\":\"$ 17,398\"},{\"bbox\":[514.7,315.4,549.2,327.7],\"text\":\"14,144\"},{\"bbox\":[531.1,330.1,537.2,341.0],\"text\":\"–\"},{\"bbox\":[510.2,343.0,550.9,355.6],\"text\":\"(17,406)\"}],\"order\":18,\"text\":\"$ 17,398\\n14,144\\n–\\n(17,406)\"},{\"bbox\":[596.1,305.4,602.8,316.4],\"lines\":[{\"bbox\":[596.1,305.4,602.8,316.4],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[109.0,341.7,247.6,400.6],\"lines\":[{\"bbox\":[111.1,341.7,247.6,358.9],\"text\":\"Balance as of April 30, 2009\"},{\"bbox\":[110.4,355.5,152.9,368.2],\"text\":\"Provision\"},{\"bbox\":[109.7,369.4,159.6,382.4],\"text\":\"Recoveries\"},{\"bbox\":[109.0,383.3,165.7,396.7],\"text\":\"Charge-offs\"}],\"order\":20,\"text\":\"Balance as of April 30, 2009\\nProvision\\nRecoveries\\nCharge-offs\"},{\"bbox\":[398.2,355.7,404.9,366.6],\"lines\":[{\"bbox\":[398.2,355.7,404.9,366.6],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[411.9,356.4,454.5,410.7],\"lines\":[{\"bbox\":[417.0,356.6,451.4,368.9],\"text\":\"42,875\"},{\"bbox\":[416.3,370.4,450.8,382.7],\"text\":\"33,919\"},{\"bbox\":[432.8,385.1,438.8,396.0],\"text\":\"–\"},{\"bbox\":[411.9,398.0,452.5,410.7],\"text\":\"(41,555)\"}],\"order\":22,\"text\":\"42,875\\n33,919\\n–\\n(41,555)\"},{\"bbox\":[497.9,360.6,550.0,415.3],\"lines\":[{\"bbox\":[499.9,360.6,547.0,373.5],\"text\":\"$ 14,136\"},{\"bbox\":[511.8,375.1,546.3,387.4],\"text\":\"12,193\"},{\"bbox\":[528.2,389.8,534.3,400.7],\"text\":\"–\"},{\"bbox\":[507.3,402.7,548.0,415.3],\"text\":\"(14,138)\"}],\"order\":23,\"text\":\"$ 14,136\\n12,193\\n–\\n(14,138)\"},{\"bbox\":[593.2,365.2,599.9,376.1],\"lines\":[{\"bbox\":[593.2,365.2,599.9,376.1],\"text\":\"$\"}],\"order\":24,\"text\":\"$\"},{\"bbox\":[106.1,401.3,244.7,460.2],\"lines\":[{\"bbox\":[108.2,401.3,244.7,418.6],\"text\":\"Balance as of April 30, 2010\"},{\"bbox\":[107.5,415.2,150.0,427.9],\"text\":\"Provision\"},{\"bbox\":[106.8,429.1,156.7,442.1],\"text\":\"Recoveries\"},{\"bbox\":[106.1,442.9,162.8,456.3],\"text\":\"Charge-offs\"}],\"order\":25,\"text\":\"Balance as of April 30, 2010\\nProvision\\nRecoveries\\nCharge-offs\"},{\"bbox\":[395.3,415.3,402.0,426.3],\"lines\":[{\"bbox\":[395.3,415.3,402.0,426.3],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[402.3,415.7,452.3,470.3],\"lines\":[{\"bbox\":[414.0,416.2,448.5,428.5],\"text\":\"35,239\"},{\"bbox\":[413.4,430.1,447.9,442.4],\"text\":\"91,546\"},{\"bbox\":[429.9,444.8,435.9,455.8],\"text\":\"–\"},{\"bbox\":[402.3,457.4,450.3,470.3],\"text\":\"(122,385)\"}],\"order\":27,\"text\":\"35,239\\n91,546\\n–\\n(122,385)\"},{\"bbox\":[495.0,420.3,547.8,475.0],\"lines\":[{\"bbox\":[497.0,420.3,544.1,433.2],\"text\":\"$ 12,191\"},{\"bbox\":[536.5,436.1,543.2,447.0],\"text\":\"2\"},{\"bbox\":[525.3,449.5,531.4,460.4],\"text\":\"–\"},{\"bbox\":[503.9,462.3,545.7,475.0],\"text\":\"(12,193)\"}],\"order\":28,\"text\":\"$ 12,191\\n2\\n–\\n(12,193)\"},{\"bbox\":[590.3,424.8,597.0,435.8],\"lines\":[{\"bbox\":[590.3,424.8,597.0,435.8],\"text\":\"$\"}],\"order\":29,\"text\":\"$\"},{\"bbox\":[105.3,461.0,241.7,478.3],\"lines\":[{\"bbox\":[105.3,461.0,241.7,478.3],\"text\":\"Balance as of April 30, 2011\"}],\"order\":30,\"text\":\"Balance as of April 30, 2011\"},{\"bbox\":[392.4,475.0,399.1,486.0],\"lines\":[{\"bbox\":[392.4,475.0,399.1,486.0],\"text\":\"$\"}],\"order\":31,\"text\":\"$\"},{\"bbox\":[494.1,480.0,500.8,490.9],\"lines\":[{\"bbox\":[494.1,480.0,500.8,490.9],\"text\":\"$\"}],\"order\":32,\"text\":\"$\"},{\"bbox\":[587.4,484.5,605.1,496.0],\"lines\":[{\"bbox\":[587.4,484.5,605.1,496.0],\"text\":\"$ –\"}],\"order\":33,\"text\":\"$ –\"},{\"bbox\":[417.3,476.2,445.6,488.2],\"lines\":[{\"bbox\":[417.3,476.2,445.6,488.2],\"text\":\"4,400\"}],\"order\":34,\"text\":\"4,400\"},{\"bbox\":[718.7,293.4,741.5,305.1],\"lines\":[{\"bbox\":[718.7,293.4,741.5,305.1],\"text\":\"Total\"}],\"order\":35,\"text\":\"Total\"},{\"bbox\":[605.8,306.0,743.8,364.9],\"lines\":[{\"bbox\":[618.3,306.5,740.7,323.1],\"text\":\"4 $ 71,360 $ 120,155\"},{\"bbox\":[607.1,319.9,613.2,330.8],\"text\":\"–\"},{\"bbox\":[644.7,321.7,679.2,334.0],\"text\":\"59,155\"},{\"bbox\":[699.4,324.4,740.1,337.0],\"text\":\"116,174\"},{\"bbox\":[606.4,333.8,612.5,344.7],\"text\":\"–\"},{\"bbox\":[659.4,336.4,678.4,347.9],\"text\":\"315\"},{\"bbox\":[720.3,339.3,739.3,350.9],\"text\":\"315\"},{\"bbox\":[605.8,347.6,611.8,358.6],\"text\":\"–\"},{\"bbox\":[640.2,349.3,741.7,364.9],\"text\":\"(59,304) (108,103)\"}],\"order\":36,\"text\":\"4 $ 71,360 $ 120,155\\n–\\n59,155\\n116,174\\n–\\n315\\n315\\n–\\n(59,304) (108,103)\"},{\"bbox\":[602.8,379.6,610.3,418.3],\"lines\":[{\"bbox\":[604.2,379.6,610.3,390.5],\"text\":\"–\"},{\"bbox\":[603.5,393.4,609.6,404.4],\"text\":\"–\"},{\"bbox\":[602.8,407.4,608.9,418.3],\"text\":\"–\"}],\"order\":37,\"text\":\"–\\n–\\n–\"},{\"bbox\":[600.6,439.2,607.4,464.1],\"lines\":[{\"bbox\":[601.3,439.2,607.4,450.2],\"text\":\"–\"},{\"bbox\":[600.6,453.2,606.7,464.1],\"text\":\"–\"}],\"order\":38,\"text\":\"–\\n–\"},{\"bbox\":[523.7,481.4,529.8,492.4],\"lines\":[{\"bbox\":[523.7,481.4,529.8,492.4],\"text\":\"–\"}],\"order\":39,\"text\":\"–\"},{\"bbox\":[653.0,276.2,681.3,302.1],\"lines\":[{\"bbox\":[668.4,276.9,681.3,288.2],\"text\":\"All\"},{\"bbox\":[653.0,290.2,680.6,302.1],\"text\":\"Other\"}],\"order\":40,\"text\":\"All\\nOther\"},{\"bbox\":[613.4,366.2,740.9,424.6],\"lines\":[{\"bbox\":[615.4,366.2,737.8,382.8],\"text\":\"4 $ 71,526 $ 128,541\"},{\"bbox\":[641.8,381.4,676.3,393.7],\"text\":\"65,642\"},{\"bbox\":[696.5,384.1,737.2,396.7],\"text\":\"111,754\"},{\"bbox\":[656.5,396.0,675.5,407.6],\"text\":\"534\"},{\"bbox\":[717.4,399.0,736.4,410.5],\"text\":\"534\"},{\"bbox\":[637.3,409.0,738.8,424.6],\"text\":\"(72,661) (128,354)\"}],\"order\":41,\"text\":\"4 $ 71,526 $ 128,541\\n65,642\\n111,754\\n534\\n534\\n(72,661) (128,354)\"},{\"bbox\":[606.8,425.7,738.6,484.3],\"lines\":[{\"bbox\":[612.5,425.9,734.9,442.5],\"text\":\"4 $ 65,041 $ 112,475\"},{\"bbox\":[638.9,441.1,673.4,453.4],\"text\":\"52,716\"},{\"bbox\":[693.6,443.7,734.3,456.3],\"text\":\"144,264\"},{\"bbox\":[653.6,455.7,672.6,467.3],\"text\":\"312\"},{\"bbox\":[714.5,458.7,733.5,470.3],\"text\":\"312\"},{\"bbox\":[606.8,467.3,736.6,484.3],\"text\":\"(4) (55,003) (189,585)\"}],\"order\":42,\"text\":\"4 $ 65,041 $ 112,475\\n52,716\\n144,264\\n312\\n312\\n(4) (55,003) (189,585)\"},{\"bbox\":[624.1,486.3,685.5,499.9],\"lines\":[{\"bbox\":[624.1,486.3,685.5,499.9],\"text\":\"$ 63,066 $\"}],\"order\":43,\"text\":\"$ 63,066 $\"},{\"bbox\":[697.5,489.9,732.0,502.2],\"lines\":[{\"bbox\":[697.5,489.9,732.0,502.2],\"text\":\"67,466\"}],\"order\":44,\"text\":\"67,466\"},{\"bbox\":[102.9,491.3,737.4,550.2],\"lines\":[{\"bbox\":[116.6,491.9,737.4,534.2],\"text\":\"There were no changes to our methodology related to the calculation of our allowance for doubtful accounts\"},{\"bbox\":[102.9,507.2,236.0,525.8],\"text\":\"during fiscal year 2011.\"}],\"order\":45,\"text\":\"There were no changes to our methodology related to the calculation of our allowance for doubtful accounts\\nduring fiscal year 2011.\"},{\"bbox\":[100.7,536.6,623.9,590.9],\"lines\":[{\"bbox\":[101.4,536.6,558.9,572.2],\"text\":\"NOTE 6: MORTGAGE LOANS HELD FOR INVESTMENT AND RELATED ASSETS\"},{\"bbox\":[100.7,553.4,623.1,590.9],\"text\":\"The composition of our mortgage loan portfolio as of April 30, 2011 and 2010 is as follows:\"}],\"order\":46,\"text\":\"NOTE 6: MORTGAGE LOANS HELD FOR INVESTMENT AND RELATED ASSETS\\nThe composition of our mortgage loan portfolio as of April 30, 2011 and 2010 is as follows:\"},{\"bbox\":[669.6,598.4,726.5,609.2],\"lines\":[{\"bbox\":[669.6,598.4,726.5,609.2],\"text\":\"(dollars in 000s)\"}],\"order\":47,\"text\":\"(dollars in 000s)\"},{\"bbox\":[99.1,586.6,169.4,600.7],\"lines\":[{\"bbox\":[99.1,586.6,169.4,600.7],\"text\":\"As of April 30,\"}],\"order\":48,\"text\":\"As of April 30,\"},{\"bbox\":[476.9,605.0,502.1,616.9],\"lines\":[{\"bbox\":[476.9,605.0,502.1,616.9],\"text\":\"2011\"}],\"order\":49,\"text\":\"2011\"},{\"bbox\":[433.6,619.6,473.0,632.2],\"lines\":[{\"bbox\":[433.6,619.6,473.0,632.2],\"text\":\"Amount\"}],\"order\":50,\"text\":\"Amount\"},{\"bbox\":[96.8,621.3,198.2,650.7],\"lines\":[{\"bbox\":[97.4,621.3,198.2,636.8],\"text\":\"Adjustable-rate loans\"},{\"bbox\":[96.8,635.1,171.8,649.4],\"text\":\"Fixed-rate loans\"}],\"order\":51,\"text\":\"Adjustable-rate loans\\nFixed-rate loans\"},{\"bbox\":[94.5,667.1,271.2,700.2],\"lines\":[{\"bbox\":[95.2,667.1,271.2,686.3],\"text\":\"Unamortized deferred fees and costs\"},{\"bbox\":[94.5,681.0,241.7,698.8],\"text\":\"Less: Allowance for loan losses\"}],\"order\":52,\"text\":\"Unamortized deferred fees and costs\\nLess: Allowance for loan losses\"},{\"bbox\":[645.3,613.2,670.6,625.1],\"lines\":[{\"bbox\":[645.3,613.2,670.6,625.1],\"text\":\"2010\"}],\"order\":53,\"text\":\"2010\"},{\"bbox\":[505.6,623.1,556.5,636.3],\"lines\":[{\"bbox\":[505.6,623.1,556.5,636.3],\"text\":\"% of Total\"}],\"order\":54,\"text\":\"% of Total\"},{\"bbox\":[602.0,627.8,641.4,640.4],\"lines\":[{\"bbox\":[602.0,627.8,641.4,640.4],\"text\":\"Amount\"}],\"order\":55,\"text\":\"Amount\"},{\"bbox\":[674.1,631.4,724.9,644.5],\"lines\":[{\"bbox\":[674.1,631.4,724.9,644.5],\"text\":\"% of Total\"}],\"order\":56,\"text\":\"% of Total\"},{\"bbox\":[419.2,637.0,472.2,664.0],\"lines\":[{\"bbox\":[419.9,637.0,472.2,650.2],\"text\":\"$ 333,828\"},{\"bbox\":[430.8,651.4,471.5,664.0],\"text\":\"239,146\"}],\"order\":57,\"text\":\"$ 333,828\\n239,146\"},{\"bbox\":[542.0,643.0,566.7,668.7],\"lines\":[{\"bbox\":[542.7,643.0,566.7,654.8],\"text\":\"58%\"},{\"bbox\":[542.0,656.9,566.0,668.7],\"text\":\"42%\"}],\"order\":58,\"text\":\"58%\\n42%\"},{\"bbox\":[587.7,645.2,640.6,672.3],\"lines\":[{\"bbox\":[588.3,645.2,640.6,658.4],\"text\":\"$ 411,122\"},{\"bbox\":[599.3,659.6,640.0,672.3],\"text\":\"272,562\"}],\"order\":59,\"text\":\"$ 411,122\\n272,562\"},{\"bbox\":[710.5,651.2,735.1,676.9],\"lines\":[{\"bbox\":[711.2,651.2,735.1,663.0],\"text\":\"60%\"},{\"bbox\":[710.5,665.1,734.5,676.9],\"text\":\"40%\"}],\"order\":60,\"text\":\"60%\\n40%\"},{\"bbox\":[428.6,669.5,474.3,710.1],\"lines\":[{\"bbox\":[429.9,669.5,470.6,682.1],\"text\":\"572,974\"},{\"bbox\":[441.5,684.0,469.8,696.0],\"text\":\"4,121\"},{\"bbox\":[431.0,697.4,472.9,710.1],\"text\":\"(92,087)\"}],\"order\":61,\"text\":\"572,974\\n4,121\\n(92,087)\"},{\"bbox\":[535.1,674.7,565.2,686.8],\"lines\":[{\"bbox\":[535.1,674.7,565.2,686.8],\"text\":\"100%\"}],\"order\":62,\"text\":\"100%\"},{\"bbox\":[597.1,677.7,642.1,718.3],\"lines\":[{\"bbox\":[598.4,677.7,639.1,690.4],\"text\":\"683,684\"},{\"bbox\":[610.0,692.2,638.3,704.2],\"text\":\"5,256\"},{\"bbox\":[600.1,705.7,640.7,718.3],\"text\":\"(93,535)\"}],\"order\":63,\"text\":\"683,684\\n5,256\\n(93,535)\"},{\"bbox\":[703.6,682.9,733.7,695.0],\"lines\":[{\"bbox\":[703.6,682.9,733.7,695.0],\"text\":\"100%\"}],\"order\":64,\"text\":\"100%\"},{\"bbox\":[416.1,714.8,468.4,727.9],\"lines\":[{\"bbox\":[416.1,714.8,468.4,727.9],\"text\":\"$ 485,008\"}],\"order\":65,\"text\":\"$ 485,008\"},{\"bbox\":[584.5,723.0,636.8,736.2],\"lines\":[{\"bbox\":[584.5,723.0,636.8,736.2],\"text\":\"$ 595,405\"}],\"order\":66,\"text\":\"$ 595,405\"},{\"bbox\":[105.1,727.2,700.2,768.2],\"lines\":[{\"bbox\":[105.1,727.2,700.2,768.2],\"text\":\"Activity in the allowance for loan losses for the years ended April 30, 2011, 2010 and 2009 is as follows:\"}],\"order\":67,\"text\":\"Activity in the allowance for loan losses for the years ended April 30, 2011, 2010 and 2009 is as follows:\"},{\"bbox\":[686.4,781.0,717.7,790.5],\"lines\":[{\"bbox\":[686.4,781.0,717.7,790.5],\"text\":\"(in 000s)\"}],\"order\":68,\"text\":\"(in 000s)\"},{\"bbox\":[90.5,763.9,189.4,779.3],\"lines\":[{\"bbox\":[90.5,763.9,189.4,779.3],\"text\":\"Year Ended April 30,\"}],\"order\":69,\"text\":\"Year Ended April 30,\"},{\"bbox\":[456.7,781.7,482.0,793.6],\"lines\":[{\"bbox\":[456.7,781.7,482.0,793.6],\"text\":\"2011\"}],\"order\":70,\"text\":\"2011\"},{\"bbox\":[574.4,787.5,599.6,799.3],\"lines\":[{\"bbox\":[574.4,787.5,599.6,799.3],\"text\":\"2010\"}],\"order\":71,\"text\":\"2010\"},{\"bbox\":[692.0,793.2,717.2,805.1],\"lines\":[{\"bbox\":[692.0,793.2,717.2,805.1],\"text\":\"2009\"}],\"order\":72,\"text\":\"2009\"},{\"bbox\":[87.6,781.9,245.6,841.8],\"lines\":[{\"bbox\":[89.6,781.9,245.6,800.1],\"text\":\"Balance at beginning of the year\"},{\"bbox\":[88.9,795.7,131.4,808.4],\"text\":\"Provision\"},{\"bbox\":[88.3,809.7,138.1,822.7],\"text\":\"Recoveries\"},{\"bbox\":[87.6,823.5,144.3,836.9],\"text\":\"Charge-offs\"}],\"order\":73,\"text\":\"Balance at beginning of the year\\nProvision\\nRecoveries\\nCharge-offs\"},{\"bbox\":[427.3,798.5,484.7,853.4],\"lines\":[{\"bbox\":[429.3,798.5,481.0,811.6],\"text\":\"$ 93,535\"},{\"bbox\":[445.9,813.1,480.4,825.5],\"text\":\"35,567\"},{\"bbox\":[460.6,827.8,479.7,839.4],\"text\":\"272\"},{\"bbox\":[440.8,840.7,482.7,853.4],\"text\":\"(37,287)\"}],\"order\":74,\"text\":\"$ 93,535\\n35,567\\n272\\n(37,287)\"},{\"bbox\":[545.0,804.2,601.7,859.1],\"lines\":[{\"bbox\":[547.0,804.2,598.7,817.3],\"text\":\"$ 84,073\"},{\"bbox\":[563.5,818.9,598.0,831.2],\"text\":\"47,750\"},{\"bbox\":[584.3,833.9,597.2,845.1],\"text\":\"88\"},{\"bbox\":[559.0,846.5,599.7,859.1],\"text\":\"(38,376)\"}],\"order\":75,\"text\":\"$ 84,073\\n47,750\\n88\\n(38,376)\"},{\"bbox\":[662.6,809.9,719.4,864.9],\"lines\":[{\"bbox\":[664.6,809.9,716.3,823.1],\"text\":\"$ 45,401\"},{\"bbox\":[681.2,824.6,715.7,836.9],\"text\":\"63,897\"},{\"bbox\":[702.0,839.6,714.9,850.8],\"text\":\"54\"},{\"bbox\":[676.7,852.2,717.3,864.9],\"text\":\"(25,279)\"}],\"order\":76,\"text\":\"$ 45,401\\n63,897\\n54\\n(25,279)\"},{\"bbox\":[86.7,841.6,213.3,858.4],\"lines\":[{\"bbox\":[86.7,841.6,213.3,858.4],\"text\":\"Balance at end of the year\"}],\"order\":77,\"text\":\"Balance at end of the year\"},{\"bbox\":[426.4,858.2,478.1,871.3],\"lines\":[{\"bbox\":[426.4,858.2,478.1,871.3],\"text\":\"$ 92,087\"}],\"order\":78,\"text\":\"$ 92,087\"},{\"bbox\":[544.1,863.9,595.8,877.1],\"lines\":[{\"bbox\":[544.1,863.9,595.8,877.1],\"text\":\"$ 93,535\"}],\"order\":79,\"text\":\"$ 93,535\"},{\"bbox\":[661.7,869.6,713.4,882.8],\"lines\":[{\"bbox\":[661.7,869.6,713.4,882.8],\"text\":\"$ 84,073\"}],\"order\":80,\"text\":\"$ 84,073\"},{\"bbox\":[84.5,869.1,718.9,928.0],\"lines\":[{\"bbox\":[98.2,869.7,718.9,912.0],\"text\":\"Our loan loss allowance as a percent of mortgage loans was 16.1% at April 30, 2011, compared to 13.7% at\"},{\"bbox\":[84.5,885.1,166.6,901.1],\"text\":\"April 30, 2010.\"}],\"order\":81,\"text\":\"Our loan loss allowance as a percent of mortgage loans was 16.1% at April 30, 2011, compared to 13.7% at\\nApril 30, 2010.\"},{\"bbox\":[77.9,1022.9,89.0,1034.1],\"lines\":[{\"bbox\":[77.9,1022.9,89.0,1034.1],\"text\":\"50\"}],\"order\":82,\"text\":\"50\"},{\"bbox\":[121.9,1026.6,227.6,1040.5],\"lines\":[{\"bbox\":[121.9,1026.6,227.6,1040.5],\"text\":\"H&R BLOCK 2011 Form 10K\"}],\"order\":83,\"text\":\"H&R BLOCK 2011 Form 10K\"}],\"doc\":\"fintabnet:HRB_2011\",\"dpi\":100,\"image_px\":[838,1088],\"layout\":[],\"markdown\":\"Our allowance for doubtful accounts consists of the following:\\n\\n(in 000s)\\n\\nAs of April 30,\\n\\n2011\\n\\nAllowance related to:\\nEmerald Advance lines of credit\\nTax client receivables related to RALs\\nLoans to franchisees\\nAll other receivables\\n\\n$\\n\\n2010\\n\\n4,400\\n–\\n–\\n63,066\\n\\n$\\n\\n$ 67,466\\n\\n35,239\\n12,191\\n4\\n65,041\\n\\n$ 112,475\\n\\nActivity in the allowance for doubtful accounts for the years ended April 30, 2011, 2010 and 2009 is as follows:\\n\\n(in 000s)\\n\\nEmerald Advance\\nTax Client\\nLoans\\nLines of Credit Receivables - RALs to Franchisees\\n\\nBalance as of May 1, 2008\\nProvision\\nRecoveries\\nCharge-offs\\n\\n$\\n\\n31,393\\n42,875\\n–\\n(31,393)\\n\\n$ 17,398\\n14,144\\n–\\n(17,406)\\n\\n$\\n\\nBalance as of April 30, 2009\\nProvision\\nRecoveries\\nCharge-offs\\n\\n$\\n\\n42,875\\n33,919\\n–\\n(41,555)\\n\\n$ 14,136\\n12,193\\n–\\n(14,138)\\n\\n$\\n\\nBalance as of April 30, 2010\\nProvision\\nRecoveries\\nCharge-offs\\n\\n$\\n\\n35,239\\n91,546\\n–\\n(122,385)\\n\\n$ 12,191\\n2\\n–\\n(12,193)\\n\\n$\\n\\nBalance as of April 30, 2011\\n\\n$\\n\\n$\\n\\n$ –\\n\\n4,400\\n\\nTotal\\n\\n4 $ 71,360 $ 120,155\\n–\\n59,155\\n116,174\\n–\\n315\\n315\\n–\\n(59,304) (108,103)\\n\\n–\\n–\\n–\\n\\n–\\n–\\n\\n–\\n\\nAll\\nOther\\n\\n4 $ 71,526 $ 128,541\\n65,642\\n111,754\\n534\\n534\\n(72,661) (128,354)\\n\\n4 $ 65,041 $ 112,475\\n52,716\\n144,264\\n312\\n312\\n(4) (55,003) (189,585)\\n\\n$ 63,066 $\\n\\n67,466\\n\\nThere were no changes to our methodology related to the calculation of our allowance for doubtful accounts\\nduring fiscal year 2011.\\n\\nNOTE 6: MORTGAGE LOANS HELD FOR INVESTMENT AND RELATED ASSETS\\nThe composition of our mortgage loan portfolio as of April 30, 2011 and 2010 is as follows:\\n\\n(dollars in 000s)\\n\\nAs of April 30,\\n\\n2011\\n\\nAmount\\n\\nAdjustable-rate loans\\nFixed-rate loans\\n\\nUnamortized deferred fees and costs\\nLess: Allowance for loan losses\\n\\n2010\\n\\n% of Total\\n\\nAmount\\n\\n% of Total\\n\\n$ 333,828\\n239,146\\n\\n58%\\n42%\\n\\n$ 411,122\\n272,562\\n\\n60%\\n40%\\n\\n572,974\\n4,121\\n(92,087)\\n\\n100%\\n\\n683,684\\n5,256\\n(93,535)\\n\\n100%\\n\\n$ 485,008\\n\\n$ 595,405\\n\\nActivity in the allowance for loan losses for the years ended April 30, 2011, 2010 and 2009 is as follows:\\n\\n(in 000s)\\n\\nYear Ended April 30,\\n\\n2011\\n\\n2010\\n\\n2009\\n\\nBalance at beginning of the year\\nProvision\\nRecoveries\\nCharge-offs\\n\\n$ 93,535\\n35,567\\n272\\n(37,287)\\n\\n$ 84,073\\n47,750\\n88\\n(38,376)\\n\\n$ 45,401\\n63,897\\n54\\n(25,279)\\n\\nBalance at end of the year\\n\\n$ 92,087\\n\\n$ 93,535\\n\\n$ 84,073\\n\\nOur loan loss allowance as a percent of mortgage loans was 16.1% at April 30, 2011, compared to 13.7% at\\nApril 30, 2010.\\n\\n50\\n\\nH&R BLOCK 2011 Form 10K\",\"name\":\"fintabnet.HRB_2011_page_62__100dpi_heavy\",\"page_id\":\"fintabnet.HRB_2011_page_62\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.791,\"source\":\"fintabnet\",\"source_id\":\"HRB_2011_page_62\",\"stack\":[{\"deg\":-2.791,\"op\":\"skew\"},{\"amp\":0.252,\"angle\":134.0,\"blob\":0.618,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.415},{\"op\":\"noise\",\"sigma\":10.341},{\"gain\":0.569,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":42}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[118.4,97.1,749.8,232.1],\"block_orders\":[2,3,4,5,6,7,8,9,10,11],\"cells\":null},{\"bbox\":[105.3,248.2,746.1,502.5],\"block_orders\":[14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44],\"cells\":null},{\"bbox\":[93.6,584.5,737.1,740.9],\"block_orders\":[48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66],\"cells\":null},{\"bbox\":[86.7,761.8,720.3,883.1],\"block_orders\":[69,70,71,72,73,74,75,76,77,78,79,80],\"cells\":null}],\"text\":\"Our allowance for doubtful accounts consists of the following:\\n\\n(in 000s)\\n\\nAs of April 30,\\n\\n2011\\n\\nAllowance related to:\\nEmerald Advance lines of credit\\nTax client receivables related to RALs\\nLoans to franchisees\\nAll other receivables\\n\\n$\\n\\n2010\\n\\n4,400\\n–\\n–\\n63,066\\n\\n$\\n\\n$ 67,466\\n\\n35,239\\n12,191\\n4\\n65,041\\n\\n$ 112,475\\n\\nActivity in the allowance for doubtful accounts for the years ended April 30, 2011, 2010 and 2009 is as follows:\\n\\n(in 000s)\\n\\nEmerald Advance\\nTax Client\\nLoans\\nLines of Credit Receivables - RALs to Franchisees\\n\\nBalance as of May 1, 2008\\nProvision\\nRecoveries\\nCharge-offs\\n\\n$\\n\\n31,393\\n42,875\\n–\\n(31,393)\\n\\n$ 17,398\\n14,144\\n–\\n(17,406)\\n\\n$\\n\\nBalance as of April 30, 2009\\nProvision\\nRecoveries\\nCharge-offs\\n\\n$\\n\\n42,875\\n33,919\\n–\\n(41,555)\\n\\n$ 14,136\\n12,193\\n–\\n(14,138)\\n\\n$\\n\\nBalance as of April 30, 2010\\nProvision\\nRecoveries\\nCharge-offs\\n\\n$\\n\\n35,239\\n91,546\\n–\\n(122,385)\\n\\n$ 12,191\\n2\\n–\\n(12,193)\\n\\n$\\n\\nBalance as of April 30, 2011\\n\\n$\\n\\n$\\n\\n$ –\\n\\n4,400\\n\\nTotal\\n\\n4 $ 71,360 $ 120,155\\n–\\n59,155\\n116,174\\n–\\n315\\n315\\n–\\n(59,304) (108,103)\\n\\n–\\n–\\n–\\n\\n–\\n–\\n\\n–\\n\\nAll\\nOther\\n\\n4 $ 71,526 $ 128,541\\n65,642\\n111,754\\n534\\n534\\n(72,661) (128,354)\\n\\n4 $ 65,041 $ 112,475\\n52,716\\n144,264\\n312\\n312\\n(4) (55,003) (189,585)\\n\\n$ 63,066 $\\n\\n67,466\\n\\nThere were no changes to our methodology related to the calculation of our allowance for doubtful accounts\\nduring fiscal year 2011.\\n\\nNOTE 6: MORTGAGE LOANS HELD FOR INVESTMENT AND RELATED ASSETS\\nThe composition of our mortgage loan portfolio as of April 30, 2011 and 2010 is as follows:\\n\\n(dollars in 000s)\\n\\nAs of April 30,\\n\\n2011\\n\\nAmount\\n\\nAdjustable-rate loans\\nFixed-rate loans\\n\\nUnamortized deferred fees and costs\\nLess: Allowance for loan losses\\n\\n2010\\n\\n% of Total\\n\\nAmount\\n\\n% of Total\\n\\n$ 333,828\\n239,146\\n\\n58%\\n42%\\n\\n$ 411,122\\n272,562\\n\\n60%\\n40%\\n\\n572,974\\n4,121\\n(92,087)\\n\\n100%\\n\\n683,684\\n5,256\\n(93,535)\\n\\n100%\\n\\n$ 485,008\\n\\n$ 595,405\\n\\nActivity in the allowance for loan losses for the years ended April 30, 2011, 2010 and 2009 is as follows:\\n\\n(in 000s)\\n\\nYear Ended April 30,\\n\\n2011\\n\\n2010\\n\\n2009\\n\\nBalance at beginning of the year\\nProvision\\nRecoveries\\nCharge-offs\\n\\n$ 93,535\\n35,567\\n272\\n(37,287)\\n\\n$ 84,073\\n47,750\\n88\\n(38,376)\\n\\n$ 45,401\\n63,897\\n54\\n(25,279)\\n\\nBalance at end of the year\\n\\n$ 92,087\\n\\n$ 93,535\\n\\n$ 84,073\\n\\nOur loan loss allowance as a percent of mortgage loans was 16.1% at April 30, 2011, compared to 13.7% at\\nApril 30, 2010.\\n\\n50\\n\\nH&R BLOCK 2011 Form 10K\"},\"name\":\"fintabnet.HRB_2011_page_62__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":55522,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:HRB_2011\",\"dpi\":100,\"gt_sha256\":\"362622ebdf56f738a63aeb52c527448aad5b1f4a2fb34fcade2029472f9e30d8\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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franchisees\"},{\"bbox\":[125.3,256.8,257.4,273.4],\"text\":\"Net intercompany advances\"},{\"bbox\":[124.7,270.7,173.4,283.5],\"text\":\"Other, net\"}],\"order\":4,\"text\":\"Cash flows from investing:\\nPurchases of AFS securities\\nSales and maturities of AFS securities\\nMortgage loans held for investment, net\\nPurchases of property & equipment\\nPayments for business acquisitions\\nProceeds from sales of businesses, net\\nLoans made to franchisees\\nRepayments from franchisees\\nNet intercompany advances\\nOther, 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activities\"},{\"bbox\":[493.2,93.9,527.0,119.9],\"lines\":[{\"bbox\":[507.9,94.6,526.9,106.1],\"text\":\"BFC\"},{\"bbox\":[493.2,107.8,526.4,119.9],\"text\":\"(Issuer)\"}],\"order\":7,\"text\":\"BFC\\n(Issuer)\"},{\"bbox\":[651.6,133.0,657.7,143.9],\"lines\":[{\"bbox\":[651.6,133.0,657.7,143.9],\"text\":\"–\"}],\"order\":8,\"text\":\"–\"},{\"bbox\":[686.1,134.6,692.8,145.5],\"lines\":[{\"bbox\":[686.1,134.6,692.8,145.5],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[480.8,161.7,527.0,299.2],\"lines\":[{\"bbox\":[501.8,162.4,527.0,174.2],\"text\":\"(365)\"},{\"bbox\":[488.9,175.8,523.4,188.0],\"text\":\"14,639\"},{\"bbox\":[488.3,189.6,522.7,201.8],\"text\":\"72,832\"},{\"bbox\":[504.8,204.3,510.9,215.3],\"text\":\"–\"},{\"bbox\":[504.2,218.2,510.2,229.1],\"text\":\"–\"},{\"bbox\":[503.6,232.0,509.6,243.0],\"text\":\"–\"},{\"bbox\":[482.7,245.1,523.3,257.5],\"text\":\"(89,664)\"},{\"bbox\":[485.2,259.1,519.6,271.2],\"text\":\"40,710\"},{\"bbox\":[501.7,273.8,507.7,284.7],\"text\":\"–\"},{\"bbox\":[483.9,286.8,518.4,299.0],\"text\":\"73,493\"}],\"order\":10,\"text\":\"(365)\\n14,639\\n72,832\\n–\\n–\\n–\\n(89,664)\\n40,710\\n–\\n73,493\"},{\"bbox\":[558.3,165.2,604.6,302.6],\"lines\":[{\"bbox\":[570.1,165.5,604.5,177.7],\"text\":\"(5,000)\"},{\"bbox\":[572.6,179.6,600.9,191.5],\"text\":\"1,119\"},{\"bbox\":[583.0,193.9,589.0,204.8],\"text\":\"–\"},{\"bbox\":[562.1,206.9,602.7,219.4],\"text\":\"(90,515)\"},{\"bbox\":[561.4,220.8,602.1,233.2],\"text\":\"(10,539)\"},{\"bbox\":[564.0,234.8,598.4,247.0],\"text\":\"66,623\"},{\"bbox\":[580.5,249.5,586.5,260.4],\"text\":\"–\"},{\"bbox\":[579.9,263.3,585.9,274.2],\"text\":\"–\"},{\"bbox\":[579.2,277.2,585.3,288.2],\"text\":\"–\"},{\"bbox\":[558.3,290.2,598.9,302.6],\"text\":\"(41,980)\"}],\"order\":11,\"text\":\"(5,000)\\n1,119\\n–\\n(90,515)\\n(10,539)\\n66,623\\n–\\n–\\n–\\n(41,980)\"},{\"bbox\":[618.0,167.9,670.5,305.6],\"lines\":[{\"bbox\":[650.0,169.1,656.1,180.0],\"text\":\"–\"},{\"bbox\":[649.4,183.0,655.4,193.9],\"text\":\"–\"},{\"bbox\":[648.8,196.9,654.8,207.8],\"text\":\"–\"},{\"bbox\":[648.2,210.8,654.2,221.7],\"text\":\"–\"},{\"bbox\":[647.5,224.6,653.6,235.6],\"text\":\"–\"},{\"bbox\":[646.9,238.5,652.9,249.4],\"text\":\"–\"},{\"bbox\":[646.3,252.4,652.3,263.3],\"text\":\"–\"},{\"bbox\":[645.7,266.3,651.7,277.2],\"text\":\"–\"},{\"bbox\":[618.7,279.0,665.5,291.8],\"text\":\"(415,591)\"},{\"bbox\":[644.4,294.1,650.4,305.0],\"text\":\"–\"}],\"order\":12,\"text\":\"–\\n–\\n–\\n–\\n–\\n–\\n–\\n–\\n(415,591)\\n–\"},{\"bbox\":[702.8,171.7,749.1,309.1],\"lines\":[{\"bbox\":[714.6,172.0,749.0,184.2],\"text\":\"(5,365)\"},{\"bbox\":[711.0,185.8,745.4,198.0],\"text\":\"15,758\"},{\"bbox\":[710.3,199.6,744.8,211.8],\"text\":\"72,832\"},{\"bbox\":[706.6,213.4,747.2,225.9],\"text\":\"(90,515)\"},{\"bbox\":[705.9,227.3,746.6,239.7],\"text\":\"(10,539)\"},{\"bbox\":[708.5,241.3,742.9,253.4],\"text\":\"66,623\"},{\"bbox\":[704.7,255.0,745.3,267.5],\"text\":\"(89,664)\"},{\"bbox\":[707.2,269.0,741.7,281.2],\"text\":\"40,710\"},{\"bbox\":[723.7,283.7,729.8,294.6],\"text\":\"–\"},{\"bbox\":[706.0,296.8,740.4,309.0],\"text\":\"31,513\"}],\"order\":13,\"text\":\"(5,365)\\n15,758\\n72,832\\n(90,515)\\n(10,539)\\n66,623\\n(89,664)\\n40,710\\n–\\n31,513\"},{\"bbox\":[401.7,305.4,442.3,317.8],\"lines\":[{\"bbox\":[401.7,305.4,442.3,317.8],\"text\":\"415,591\"}],\"order\":14,\"text\":\"415,591\"},{\"bbox\":[476.8,308.8,517.4,321.2],\"lines\":[{\"bbox\":[476.8,308.8,517.4,321.2],\"text\":\"111,645\"}],\"order\":15,\"text\":\"111,645\"},{\"bbox\":[557.3,312.4,597.9,324.8],\"lines\":[{\"bbox\":[557.3,312.4,597.9,324.8],\"text\":\"(80,292)\"}],\"order\":16,\"text\":\"(80,292)\"},{\"bbox\":[617.0,315.1,663.8,327.8],\"lines\":[{\"bbox\":[617.0,315.1,663.8,327.8],\"text\":\"(415,591)\"}],\"order\":17,\"text\":\"(415,591)\"},{\"bbox\":[705.0,319.0,739.4,331.2],\"lines\":[{\"bbox\":[705.0,319.0,739.4,331.2],\"text\":\"31,353\"}],\"order\":18,\"text\":\"31,353\"},{\"bbox\":[105.4,314.6,282.3,471.7],\"lines\":[{\"bbox\":[111.6,314.6,240.9,331.0],\"text\":\"Cash flows from financing:\"},{\"bbox\":[122.1,329.0,281.6,346.8],\"text\":\"Repayments of commercial paper\"},{\"bbox\":[121.5,342.9,278.4,360.5],\"text\":\"Proceeds from commercial paper\"},{\"bbox\":[120.8,356.8,277.8,374.5],\"text\":\"Repayments of other borrowings\"},{\"bbox\":[120.2,370.6,274.8,388.2],\"text\":\"Proceeds from other borrowings\"},{\"bbox\":[119.6,384.5,272.2,402.0],\"text\":\"Customer banking deposits, net\"},{\"bbox\":[119.0,398.4,188.9,412.2],\"text\":\"Dividends paid\"},{\"bbox\":[118.3,412.3,259.9,429.3],\"text\":\"Repurchase of common stock\"},{\"bbox\":[117.7,426.2,253.2,442.9],\"text\":\"Proceeds from stock options\"},{\"bbox\":[117.1,440.0,249.2,456.6],\"text\":\"Net intercompany advances\"},{\"bbox\":[116.5,453.9,165.2,466.7],\"text\":\"Other, net\"}],\"order\":19,\"text\":\"Cash flows from financing:\\nRepayments of commercial paper\\nProceeds from commercial paper\\nRepayments of other borrowings\\nProceeds from other borrowings\\nCustomer banking deposits, net\\nDividends paid\\nRepurchase of common stock\\nProceeds from stock options\\nNet intercompany advances\\nOther, 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0)\",\"name\":\"fintabnet.HRB_2011_page_89__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.HRB_2011_page_89\",\"pdf_sha256\":\"a960b9f2a1d2188a9f26c7182ba479faf2078f3fb659ea3c00a8ebfe52a60eae\",\"px\":[838,1088],\"scan\":{\"render\":\"00003ffe3c563c5639fc3c4439c439fc31fc0000000000000000000000000018\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"HRB_2011_page_89\",\"src\":{\"file_sha256\":\"d061f4c351a481c7b9d01dedddfe6d6e1cd7f25111367759b55e4f8588bf50ea\",\"render\":\"00003ffc3dfc386439fc38c439e439fc3ffc0000000000000000000000000008\",\"text\":\"f01e60a9690627f8b3a4e63c679bb0353e71a52b2dbfab30f54d5035ae550562\"},\"stack\":[{\"deg\":-2.574,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.367},{\"op\":\"noise\",\"sigma\":16.674},{\"gain\":0.503,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":43}],\"tools\":\"21647cade0ee\"},\"sha256\":\"a960b9f2a1d2188a9f26c7182ba479faf2078f3fb659ea3c00a8ebfe52a60eae\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/a960b9f2a1d2188a9f26c7182ba479faf2078f3fb659ea3c00a8ebfe52a60eae.pdf","asset_sha256":"a960b9f2a1d2188a9f26c7182ba479faf2078f3fb659ea3c00a8ebfe52a60eae","document_id":"fintabnet:HRB_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HRB_2013_page_87\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HRB_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[57.3,58.2,526.2,108.1],\"lines\":[{\"bbox\":[69.3,58.2,525.4,83.7],\"text\":\"We issued three standby letters of credit to servicers paying claims related to our POM, errors and omissions, and\"},{\"bbox\":[57.7,70.2,525.8,96.1],\"text\":\"property and casualty insurance policies. These letters of credit are for amounts not to exceed $6.0 million in the\"},{\"bbox\":[58.1,85.6,418.7,108.1],\"text\":\"aggregate. At April 30, 2013, there were no balances outstanding on these letters of credit.\"}],\"order\":0,\"text\":\"We issued three standby letters of credit to servicers paying claims related to our POM, errors and omissions, and\\nproperty and casualty insurance policies. These letters of credit are for amounts not to exceed $6.0 million in the\\naggregate. At April 30, 2013, there were no balances outstanding on these letters of credit.\"},{\"bbox\":[58.6,100.2,527.5,150.1],\"lines\":[{\"bbox\":[70.6,100.2,526.8,125.7],\"text\":\"We maintain compensating balances with certain financial institutions that are creditors in our 2012 CLOC, which\"},{\"bbox\":[59.0,112.2,527.2,138.1],\"text\":\"are not legally restricted as to withdrawal. These balances totaled $185.1 million as of April 30, 2013. These balances\"},{\"bbox\":[59.4,130.5,328.7,150.1],\"text\":\"may fluctuate significantly over the course of any given fiscal year.\"}],\"order\":1,\"text\":\"We maintain compensating balances with certain financial institutions that are creditors in our 2012 CLOC, which\\nare not legally restricted as to withdrawal. These balances totaled $185.1 million as of April 30, 2013. These balances\\nmay fluctuate significantly over the course of any given fiscal year.\"},{\"bbox\":[60.0,142.2,529.6,216.0],\"lines\":[{\"bbox\":[72.0,142.2,528.1,167.7],\"text\":\"Our self-insured health benefits plan provides medical benefits to employees electing coverage under the plan. We\"},{\"bbox\":[60.4,154.1,528.5,180.1],\"text\":\"maintain an accrual for incurred but not reported medical claims and claim development. The accrued liability is an\"},{\"bbox\":[60.7,166.1,528.9,192.0],\"text\":\"estimate based on historical experience and other assumptions, some of which are subjective. We adjust our self-insured\"},{\"bbox\":[61.1,178.1,529.2,204.0],\"text\":\"medical benefits liability as our loss experience changes due to medical inflation, changes in the number of plan\"},{\"bbox\":[61.5,199.8,226.2,216.0],\"text\":\"participants and an aging employee base.\"}],\"order\":2,\"text\":\"Our self-insured health benefits plan provides medical benefits to employees electing coverage under the plan. We\\nmaintain an accrual for incurred but not reported medical claims and claim development. The accrued liability is an\\nestimate based on historical experience and other assumptions, some of which are subjective. We adjust our self-insured\\nmedical benefits liability as our loss experience changes due to medical inflation, changes in the number of plan\\nparticipants and an aging employee base.\"},{\"bbox\":[62.1,208.1,533.6,342.0],\"lines\":[{\"bbox\":[74.1,208.1,530.2,233.6],\"text\":\"During fiscal year 2006, we entered into a transaction with the City of Kansas City, Missouri, to provide us with\"},{\"bbox\":[62.5,220.1,530.6,246.0],\"text\":\"sales and property tax savings on the furniture, fixtures and equipment for our corporate headquarters facility. Under\"},{\"bbox\":[62.8,232.1,531.0,258.0],\"text\":\"the transaction, the City purchased equipment by issuing $31.0 million in Industrial Revenue Bonds due in December\"},{\"bbox\":[63.2,244.1,531.3,270.0],\"text\":\"2015, and leased the furniture, fixtures and equipment to us for an identical term under a capital lease. Because the\"},{\"bbox\":[63.6,256.1,531.7,282.0],\"text\":\"City has assigned the lease to the bond trustee for our benefit as the sole bondholder, we, in effect, control enforcement\"},{\"bbox\":[64.0,268.1,532.1,294.0],\"text\":\"of the lease against ourselves. As a result of the capital lease treatment, the furniture, fixtures and equipment will remain\"},{\"bbox\":[64.4,280.1,532.5,306.0],\"text\":\"a component of property, plant and equipment in our consolidated balance sheets. As a result of the legal right of offset,\"},{\"bbox\":[64.7,292.1,532.9,318.0],\"text\":\"the capital lease obligation and the corresponding bond investments have been eliminated in consolidation. The\"},{\"bbox\":[65.1,304.1,533.2,330.0],\"text\":\"transaction provides us with property tax exemptions for the leased furniture, fixtures and equipment. As of April 30,\"},{\"bbox\":[65.5,320.0,408.7,342.0],\"text\":\"2013, we have purchased $31.0 million in bonds in connection with this arrangement.\"}],\"order\":3,\"text\":\"During fiscal year 2006, we entered into a transaction with the City of Kansas City, Missouri, to provide us with\\nsales and property tax savings on the furniture, fixtures and equipment for our corporate headquarters facility. Under\\nthe transaction, the City purchased equipment by issuing $31.0 million in Industrial Revenue Bonds due in December\\n2015, and leased the furniture, fixtures and equipment to us for an identical term under a capital lease. Because the\\nCity has assigned the lease to the bond trustee for our benefit as the sole bondholder, we, in effect, control enforcement\\nof the lease against ourselves. As a result of the capital lease treatment, the furniture, fixtures and equipment will remain\\na component of property, plant and equipment in our consolidated balance sheets. As a result of the legal right of offset,\\nthe capital lease obligation and the corresponding bond investments have been eliminated in consolidation. The\\ntransaction provides us with property tax exemptions for the leased furniture, fixtures and equipment. As of April 30,\\n2013, we have purchased $31.0 million in bonds in connection with this arrangement.\"},{\"bbox\":[66.1,334.1,535.0,383.9],\"lines\":[{\"bbox\":[78.1,334.1,534.2,359.6],\"text\":\"Substantially all of the operations of our subsidiaries are conducted in leased premises. Most of the operating leases\"},{\"bbox\":[66.4,346.1,534.6,372.0],\"text\":\"are for periods ranging from three years to five years, with renewal options, and provide for fixed monthly rentals.\"},{\"bbox\":[66.8,359.0,503.8,383.9],\"text\":\"Future minimum operating lease commitments of our continuing operations at April 30, 2013, are as follows:\"}],\"order\":4,\"text\":\"Substantially all of the operations of our subsidiaries are conducted in leased premises. Most of the operating leases\\nare for periods ranging from three years to five years, with renewal options, and provide for fixed monthly rentals.\\nFuture minimum operating lease commitments of our continuing operations at April 30, 2013, are as follows:\"},{\"bbox\":[501.1,379.1,532.5,389.0],\"lines\":[{\"bbox\":[501.1,379.1,532.5,389.0],\"text\":\"(in 000s)\"}],\"order\":5,\"text\":\"(in 000s)\"},{\"bbox\":[70.9,406.1,89.0,415.6],\"lines\":[{\"bbox\":[70.9,406.1,89.0,415.6],\"text\":\"2014\"}],\"order\":6,\"text\":\"2014\"},{\"bbox\":[473.7,393.8,478.4,402.9],\"lines\":[{\"bbox\":[473.7,393.8,478.4,402.9],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[504.0,392.0,533.2,401.9],\"lines\":[{\"bbox\":[504.0,392.0,533.2,401.9],\"text\":\"178,068\"}],\"order\":8,\"text\":\"178,068\"},{\"bbox\":[71.3,419.1,89.4,428.6],\"lines\":[{\"bbox\":[71.3,419.1,89.4,428.6],\"text\":\"2015\"}],\"order\":9,\"text\":\"2015\"},{\"bbox\":[504.4,405.0,533.6,414.8],\"lines\":[{\"bbox\":[504.4,405.0,533.6,414.8],\"text\":\"131,706\"}],\"order\":10,\"text\":\"131,706\"},{\"bbox\":[71.7,432.1,89.8,441.6],\"lines\":[{\"bbox\":[71.7,432.1,89.8,441.6],\"text\":\"2016\"}],\"order\":11,\"text\":\"2016\"},{\"bbox\":[509.3,418.0,534.0,427.7],\"lines\":[{\"bbox\":[509.3,418.0,534.0,427.7],\"text\":\"68,933\"}],\"order\":12,\"text\":\"68,933\"},{\"bbox\":[72.1,445.1,90.2,454.6],\"lines\":[{\"bbox\":[72.1,445.1,90.2,454.6],\"text\":\"2017\"}],\"order\":13,\"text\":\"2017\"},{\"bbox\":[509.7,431.0,534.5,440.7],\"lines\":[{\"bbox\":[509.7,431.0,534.5,440.7],\"text\":\"24,609\"}],\"order\":14,\"text\":\"24,609\"},{\"bbox\":[72.6,458.1,90.6,467.6],\"lines\":[{\"bbox\":[72.6,458.1,90.6,467.6],\"text\":\"2018\"}],\"order\":15,\"text\":\"2018\"},{\"bbox\":[514.6,444.0,534.9,453.5],\"lines\":[{\"bbox\":[514.6,444.0,534.9,453.5],\"text\":\"9,652\"}],\"order\":16,\"text\":\"9,652\"},{\"bbox\":[73.0,469.7,135.0,480.6],\"lines\":[{\"bbox\":[73.0,469.7,135.0,480.6],\"text\":\"2019 and beyond\"}],\"order\":17,\"text\":\"2019 and beyond\"},{\"bbox\":[515.0,457.0,535.3,466.5],\"lines\":[{\"bbox\":[515.0,457.0,535.3,466.5],\"text\":\"7,588\"}],\"order\":18,\"text\":\"7,588\"},{\"bbox\":[476.2,471.8,480.9,480.8],\"lines\":[{\"bbox\":[476.2,471.8,480.9,480.8],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[506.5,470.0,535.7,479.8],\"lines\":[{\"bbox\":[506.5,470.0,535.7,479.8],\"text\":\"420,556\"}],\"order\":20,\"text\":\"420,556\"},{\"bbox\":[71.3,498.0,539.8,535.9],\"lines\":[{\"bbox\":[83.3,498.0,539.4,523.5],\"text\":\"Rent expense of our continuing operations for fiscal years 2013, 2012 and 2011 totaled $201.0 million, $218.3\"},{\"bbox\":[71.6,519.7,234.3,535.9],\"text\":\"million and $224.9 million, respectively.\"}],\"order\":21,\"text\":\"Rent expense of our continuing operations for fiscal years 2013, 2012 and 2011 totaled $201.0 million, $218.3\\nmillion and $224.9 million, respectively.\"},{\"bbox\":[72.2,528.0,541.9,601.8],\"lines\":[{\"bbox\":[84.2,528.0,540.3,553.5],\"text\":\"We may enter into contracts that include embedded indemnifications that have characteristics similar to guarantees.\"},{\"bbox\":[72.6,540.0,540.7,565.9],\"text\":\"Typically, these indemnifications do not provide a stated maximum exposure and the terms of the indemnities may\"},{\"bbox\":[73.0,551.9,541.1,577.9],\"text\":\"vary, in many cases limited only by the applicable statute of limitations. Accruals for these obligations have been\"},{\"bbox\":[73.4,563.9,541.5,589.8],\"text\":\"established when appropriate. Historically, payments made under these types of contractual arrangements have not\"},{\"bbox\":[73.7,589.0,130.7,601.8],\"text\":\"been material.\"}],\"order\":22,\"text\":\"We may enter into contracts that include embedded indemnifications that have characteristics similar to guarantees.\\nTypically, these indemnifications do not provide a stated maximum exposure and the terms of the indemnities may\\nvary, in many cases limited only by the applicable statute of limitations. Accruals for these obligations have been\\nestablished when appropriate. Historically, payments made under these types of contractual arrangements have not\\nbeen material.\"},{\"bbox\":[74.3,593.9,542.8,631.8],\"lines\":[{\"bbox\":[89.4,593.9,542.4,619.4],\"text\":\"See notes 18 and 19 to the consolidated financial statements for additional discussion regarding guarantees and\"},{\"bbox\":[74.7,618.6,144.7,631.8],\"text\":\"indemnifications.\"}],\"order\":23,\"text\":\"See notes 18 and 19 to the consolidated financial statements for additional discussion regarding guarantees and\\nindemnifications.\"},{\"bbox\":[82.5,740.8,91.7,750.0],\"lines\":[{\"bbox\":[82.5,740.8,91.7,750.0],\"text\":\"80\"}],\"order\":24,\"text\":\"80\"},{\"bbox\":[127.5,736.6,226.4,748.6],\"lines\":[{\"bbox\":[127.5,736.6,226.4,748.6],\"text\":\"H&R Block 2013 Form 10-K\"}],\"order\":25,\"text\":\"H&R Block 2013 Form 10-K\"}],\"doc\":\"fintabnet:HRB_2013\",\"dpi\":72,\"image_px\":[603,783],\"layout\":[],\"markdown\":\"We issued three standby letters of credit to servicers paying claims related to our POM, errors and omissions, and\\nproperty and casualty insurance policies. These letters of credit are for amounts not to exceed $6.0 million in the\\naggregate. At April 30, 2013, there were no balances outstanding on these letters of credit.\\n\\nWe maintain compensating balances with certain financial institutions that are creditors in our 2012 CLOC, which\\nare not legally restricted as to withdrawal. These balances totaled $185.1 million as of April 30, 2013. These balances\\nmay fluctuate significantly over the course of any given fiscal year.\\n\\nOur self-insured health benefits plan provides medical benefits to employees electing coverage under the plan. We\\nmaintain an accrual for incurred but not reported medical claims and claim development. The accrued liability is an\\nestimate based on historical experience and other assumptions, some of which are subjective. We adjust our self-insured\\nmedical benefits liability as our loss experience changes due to medical inflation, changes in the number of plan\\nparticipants and an aging employee base.\\n\\nDuring fiscal year 2006, we entered into a transaction with the City of Kansas City, Missouri, to provide us with\\nsales and property tax savings on the furniture, fixtures and equipment for our corporate headquarters facility. Under\\nthe transaction, the City purchased equipment by issuing $31.0 million in Industrial Revenue Bonds due in December\\n2015, and leased the furniture, fixtures and equipment to us for an identical term under a capital lease. Because the\\nCity has assigned the lease to the bond trustee for our benefit as the sole bondholder, we, in effect, control enforcement\\nof the lease against ourselves. As a result of the capital lease treatment, the furniture, fixtures and equipment will remain\\na component of property, plant and equipment in our consolidated balance sheets. As a result of the legal right of offset,\\nthe capital lease obligation and the corresponding bond investments have been eliminated in consolidation. The\\ntransaction provides us with property tax exemptions for the leased furniture, fixtures and equipment. As of April 30,\\n2013, we have purchased $31.0 million in bonds in connection with this arrangement.\\n\\nSubstantially all of the operations of our subsidiaries are conducted in leased premises. Most of the operating leases\\nare for periods ranging from three years to five years, with renewal options, and provide for fixed monthly rentals.\\nFuture minimum operating lease commitments of our continuing operations at April 30, 2013, are as follows:\\n\\n(in 000s)\\n\\n2014\\n\\n$\\n\\n178,068\\n\\n2015\\n\\n131,706\\n\\n2016\\n\\n68,933\\n\\n2017\\n\\n24,609\\n\\n2018\\n\\n9,652\\n\\n2019 and beyond\\n\\n7,588\\n\\n$\\n\\n420,556\\n\\nRent expense of our continuing operations for fiscal years 2013, 2012 and 2011 totaled $201.0 million, $218.3\\nmillion and $224.9 million, respectively.\\n\\nWe may enter into contracts that include embedded indemnifications that have characteristics similar to guarantees.\\nTypically, these indemnifications do not provide a stated maximum exposure and the terms of the indemnities may\\nvary, in many cases limited only by the applicable statute of limitations. Accruals for these obligations have been\\nestablished when appropriate. Historically, payments made under these types of contractual arrangements have not\\nbeen material.\\n\\nSee notes 18 and 19 to the consolidated financial statements for additional discussion regarding guarantees and\\nindemnifications.\\n\\n80\\n\\nH&R Block 2013 Form 10-K\",\"name\":\"fintabnet.HRB_2013_page_87__72dpi_heavy\",\"page_id\":\"fintabnet.HRB_2013_page_87\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":1.817,\"source\":\"fintabnet\",\"source_id\":\"HRB_2013_page_87\",\"stack\":[{\"deg\":1.817,\"op\":\"skew\"},{\"amp\":0.333,\"angle\":320.5,\"blob\":0.243,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.251},{\"op\":\"noise\",\"sigma\":14.89},{\"op\":\"jpeg\",\"q\":44}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[70.9,392.0,535.7,493.6],\"block_orders\":[6,7,8,9,10,11,12,13,14,15,16,17,18,19,20],\"cells\":null}],\"text\":\"We issued three standby letters of credit to servicers paying claims related to our POM, errors and omissions, and\\nproperty and casualty insurance policies. These letters of credit are for amounts not to exceed $6.0 million in the\\naggregate. At April 30, 2013, there were no balances outstanding on these letters of credit.\\n\\nWe maintain compensating balances with certain financial institutions that are creditors in our 2012 CLOC, which\\nare not legally restricted as to withdrawal. These balances totaled $185.1 million as of April 30, 2013. These balances\\nmay fluctuate significantly over the course of any given fiscal year.\\n\\nOur self-insured health benefits plan provides medical benefits to employees electing coverage under the plan. We\\nmaintain an accrual for incurred but not reported medical claims and claim development. The accrued liability is an\\nestimate based on historical experience and other assumptions, some of which are subjective. We adjust our self-insured\\nmedical benefits liability as our loss experience changes due to medical inflation, changes in the number of plan\\nparticipants and an aging employee base.\\n\\nDuring fiscal year 2006, we entered into a transaction with the City of Kansas City, Missouri, to provide us with\\nsales and property tax savings on the furniture, fixtures and equipment for our corporate headquarters facility. Under\\nthe transaction, the City purchased equipment by issuing $31.0 million in Industrial Revenue Bonds due in December\\n2015, and leased the furniture, fixtures and equipment to us for an identical term under a capital lease. Because the\\nCity has assigned the lease to the bond trustee for our benefit as the sole bondholder, we, in effect, control enforcement\\nof the lease against ourselves. As a result of the capital lease treatment, the furniture, fixtures and equipment will remain\\na component of property, plant and equipment in our consolidated balance sheets. As a result of the legal right of offset,\\nthe capital lease obligation and the corresponding bond investments have been eliminated in consolidation. The\\ntransaction provides us with property tax exemptions for the leased furniture, fixtures and equipment. As of April 30,\\n2013, we have purchased $31.0 million in bonds in connection with this arrangement.\\n\\nSubstantially all of the operations of our subsidiaries are conducted in leased premises. Most of the operating leases\\nare for periods ranging from three years to five years, with renewal options, and provide for fixed monthly rentals.\\nFuture minimum operating lease commitments of our continuing operations at April 30, 2013, are as follows:\\n\\n(in 000s)\\n\\n2014\\n\\n$\\n\\n178,068\\n\\n2015\\n\\n131,706\\n\\n2016\\n\\n68,933\\n\\n2017\\n\\n24,609\\n\\n2018\\n\\n9,652\\n\\n2019 and beyond\\n\\n7,588\\n\\n$\\n\\n420,556\\n\\nRent expense of our continuing operations for fiscal years 2013, 2012 and 2011 totaled $201.0 million, $218.3\\nmillion and $224.9 million, respectively.\\n\\nWe may enter into contracts that include embedded indemnifications that have characteristics similar to guarantees.\\nTypically, these indemnifications do not provide a stated maximum exposure and the terms of the indemnities may\\nvary, in many cases limited only by the applicable statute of limitations. Accruals for these obligations have been\\nestablished when appropriate. Historically, payments made under these types of contractual arrangements have not\\nbeen material.\\n\\nSee notes 18 and 19 to the consolidated financial statements for additional discussion regarding guarantees and\\nindemnifications.\\n\\n80\\n\\nH&R Block 2013 Form 10-K\"},\"name\":\"fintabnet.HRB_2013_page_87__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":71945,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:HRB_2013\",\"dpi\":72,\"gt_sha256\":\"eb1df9786dcb0cce182d66af6fd1213f4f2582d911f57dc0bfe9bde83b652423\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HRB_2013_page_87__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.HRB_2013_page_87\",\"pdf_sha256\":\"f3159530aac3e990c7273250713cffd31f4badbc545986dd4abea789d6db4952\",\"px\":[603,783],\"scan\":{\"render\":\"07ff3fff7fff3fff3fff3fff3fff3fff003f000f003f01ff000f000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"HRB_2013_page_87\",\"src\":{\"file_sha256\":\"f27f1221c78cf9e8d69b8ee3ca1e6a66ec30bce38f4dbec534d1eedfc5557de5\",\"render\":\"00003ffc3ffc3ffc3ffc3ffc3ffc3ffc200420043ffc3ffc3000000000000000\",\"text\":\"37ab7dbc40fe4f601e8cade950e611f1c7ca79f18253530e762a1c468cb11f39\"},\"stack\":[{\"deg\":1.817,\"op\":\"skew\"},{\"amp\":0.333,\"angle\":320.5,\"blob\":0.243,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.251},{\"op\":\"noise\",\"sigma\":14.89},{\"op\":\"jpeg\",\"q\":44}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f3159530aac3e990c7273250713cffd31f4badbc545986dd4abea789d6db4952\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f3159530aac3e990c7273250713cffd31f4badbc545986dd4abea789d6db4952.pdf","asset_sha256":"f3159530aac3e990c7273250713cffd31f4badbc545986dd4abea789d6db4952","document_id":"fintabnet:HRB_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HRB_2013_page_87\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HRB_2019_page_55\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HRB_2019\",\"ground_truth\":{\"blocks\":[{\"bbox\":[133.7,87.1,582.1,119.2],\"lines\":[{\"bbox\":[133.7,87.1,582.1,119.2],\"text\":\"Changes in the balances of deferred revenue and wages for POM are as follows:\"}],\"order\":0,\"text\":\"Changes in the balances of deferred revenue and wages for POM are as follows:\"},{\"bbox\":[720.7,136.1,760.0,150.9],\"lines\":[{\"bbox\":[720.7,136.1,760.0,150.9],\"text\":\"(in 000s)\"}],\"order\":1,\"text\":\"(in 000s)\"},{\"bbox\":[117.6,133.3,144.2,149.5],\"lines\":[{\"bbox\":[117.6,133.3,144.2,149.5],\"text\":\"POM\"}],\"order\":2,\"text\":\"POM\"},{\"bbox\":[464.7,145.1,556.8,163.5],\"lines\":[{\"bbox\":[464.7,145.1,556.8,163.5],\"text\":\"Deferred Revenue\"}],\"order\":3,\"text\":\"Deferred Revenue\"},{\"bbox\":[117.0,152.8,219.9,171.5],\"lines\":[{\"bbox\":[117.0,152.8,219.9,171.5],\"text\":\"Year ended April 30,\"}],\"order\":4,\"text\":\"Year ended April 30,\"},{\"bbox\":[116.3,172.2,270.4,192.7],\"lines\":[{\"bbox\":[116.3,172.2,270.4,192.7],\"text\":\"Balance, beginning of the year\"}],\"order\":5,\"text\":\"Balance, beginning of the 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deferrals\"},{\"bbox\":[114.3,230.5,237.7,249.9],\"lines\":[{\"bbox\":[114.3,230.5,237.7,249.9],\"text\":\"Balance, end of the year\"}],\"order\":12,\"text\":\"Balance, end of the year\"},{\"bbox\":[458.4,183.8,500.1,200.5],\"lines\":[{\"bbox\":[458.4,183.8,500.1,200.5],\"text\":\"218,274\"}],\"order\":13,\"text\":\"218,274\"},{\"bbox\":[456.4,242.1,498.2,258.8],\"lines\":[{\"bbox\":[456.4,242.1,498.2,258.8],\"text\":\"212,511\"}],\"order\":14,\"text\":\"212,511\"},{\"bbox\":[544.7,186.8,586.3,203.4],\"lines\":[{\"bbox\":[544.7,186.8,586.3,203.4],\"text\":\"211,223\"}],\"order\":15,\"text\":\"211,223\"},{\"bbox\":[646.9,170.8,672.7,186.9],\"lines\":[{\"bbox\":[646.9,170.8,672.7,186.9],\"text\":\"2019\"}],\"order\":16,\"text\":\"2019\"},{\"bbox\":[599.4,188.6,606.2,204.1],\"lines\":[{\"bbox\":[599.4,188.6,606.2,204.1],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[544.0,206.2,585.7,222.9],\"lines\":[{\"bbox\":[544.0,206.2,585.7,222.9],\"text\":\"122,650\"}],\"order\":18,\"text\":\"122,650\"},{\"bbox\":[453.2,222.6,502.7,239.5],\"lines\":[{\"bbox\":[453.2,222.6,502.7,239.5],\"text\":\"(125,926)\"}],\"order\":19,\"text\":\"(125,926)\"},{\"bbox\":[425.3,241.1,432.1,256.5],\"lines\":[{\"bbox\":[425.3,241.1,432.1,256.5],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[639.2,151.1,720.9,169.1],\"lines\":[{\"bbox\":[639.2,151.1,720.9,169.1],\"text\":\"Deferred Wages\"}],\"order\":21,\"text\":\"Deferred Wages\"},{\"bbox\":[560.8,167.9,586.7,184.0],\"lines\":[{\"bbox\":[560.8,167.9,586.7,184.0],\"text\":\"2018\"}],\"order\":22,\"text\":\"2018\"},{\"bbox\":[542.7,245.1,584.3,261.7],\"lines\":[{\"bbox\":[542.7,245.1,584.3,261.7],\"text\":\"218,274\"}],\"order\":23,\"text\":\"218,274\"},{\"bbox\":[685.4,191.6,692.3,207.0],\"lines\":[{\"bbox\":[685.4,191.6,692.3,207.0],\"text\":\"$\"}],\"order\":24,\"text\":\"$\"},{\"bbox\":[636.4,209.3,671.7,225.8],\"lines\":[{\"bbox\":[636.4,209.3,671.7,225.8],\"text\":\"13,336\"}],\"order\":25,\"text\":\"13,336\"},{\"bbox\":[539.6,225.5,588.8,242.4],\"lines\":[{\"bbox\":[539.6,225.5,588.8,242.4],\"text\":\"(115,599)\"}],\"order\":26,\"text\":\"(115,599)\"},{\"bbox\":[511.3,244.0,518.2,259.5],\"lines\":[{\"bbox\":[511.3,244.0,518.2,259.5],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[637.0,189.9,672.4,206.3],\"lines\":[{\"bbox\":[637.0,189.9,672.4,206.3],\"text\":\"32,683\"}],\"order\":28,\"text\":\"32,683\"},{\"bbox\":[732.9,173.7,758.8,189.8],\"lines\":[{\"bbox\":[732.9,173.7,758.8,189.8],\"text\":\"2018\"}],\"order\":29,\"text\":\"2018\"},{\"bbox\":[722.4,212.3,757.8,228.7],\"lines\":[{\"bbox\":[722.4,212.3,757.8,228.7],\"text\":\"18,148\"}],\"order\":30,\"text\":\"18,148\"},{\"bbox\":[632.0,228.6,674.9,245.3],\"lines\":[{\"bbox\":[632.0,228.6,674.9,245.3],\"text\":\"(18,713)\"}],\"order\":31,\"text\":\"(18,713)\"},{\"bbox\":[597.4,246.9,604.2,262.4],\"lines\":[{\"bbox\":[597.4,246.9,604.2,262.4],\"text\":\"$\"}],\"order\":32,\"text\":\"$\"},{\"bbox\":[635.1,248.2,670.4,264.6],\"lines\":[{\"bbox\":[635.1,248.2,670.4,264.6],\"text\":\"27,306\"}],\"order\":33,\"text\":\"27,306\"},{\"bbox\":[723.1,192.8,758.4,209.3],\"lines\":[{\"bbox\":[723.1,192.8,758.4,209.3],\"text\":\"31,344\"}],\"order\":34,\"text\":\"31,344\"},{\"bbox\":[718.0,231.6,760.9,248.3],\"lines\":[{\"bbox\":[718.0,231.6,760.9,248.3],\"text\":\"(16,809)\"}],\"order\":35,\"text\":\"(16,809)\"},{\"bbox\":[683.4,249.8,690.3,265.3],\"lines\":[{\"bbox\":[683.4,249.8,690.3,265.3],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[721.1,251.1,756.4,267.6],\"lines\":[{\"bbox\":[721.1,251.1,756.4,267.6],\"text\":\"32,683\"}],\"order\":37,\"text\":\"32,683\"},{\"bbox\":[107.2,265.5,759.1,354.5],\"lines\":[{\"bbox\":[127.6,266.1,759.1,304.5],\"text\":\"As of April 30, 2019, deferred revenue related to POM was $212.5 million. We expect that $119.2 million will be\"},{\"bbox\":[108.3,282.1,758.6,321.2],\"text\":\"recognized over the next twelve months, while the remaining balance will be recognized over the following sixty\"},{\"bbox\":[107.8,298.8,758.0,337.8],\"text\":\"months. The related liabilities are included in deferred revenue and other liabilities in the consolidated balance sheets.\"},{\"bbox\":[107.2,315.4,694.9,352.4],\"text\":\"The related assets are included in prepaid expenses and other current assets or other noncurrent assets.\"}],\"order\":38,\"text\":\"As of April 30, 2019, deferred revenue related to POM was $212.5 million. We expect that $119.2 million will be\\nrecognized over the next twelve months, while the remaining balance will be recognized over the following sixty\\nmonths. The related liabilities are included in deferred revenue and other liabilities in the consolidated balance sheets.\\nThe related assets are included in prepaid expenses and other current assets or other noncurrent assets.\"},{\"bbox\":[102.4,340.4,756.6,496.1],\"lines\":[{\"bbox\":[125.1,341.1,756.6,379.5],\"text\":\"Revenues from Tax Identity Shield (TIS) are initially deferred and are recognized as the various services are provided\"},{\"bbox\":[105.8,357.1,756.0,396.1],\"text\":\"to the client, either by us or a third party, throughout the term of the contract, which ends on April 30th of the following\"},{\"bbox\":[105.2,373.7,755.4,412.8],\"text\":\"year. TIS has multiple performance obligations where we provide clients assistance in helping protect their tax identity\"},{\"bbox\":[104.7,390.4,754.9,429.4],\"text\":\"and access to services to help restore their tax identity, if necessary. Protection services include a daily scan of the\"},{\"bbox\":[104.1,407.1,754.3,446.1],\"text\":\"dark web for personal information, a monthly scan for social security number in credit header data (new in fiscal year\"},{\"bbox\":[103.5,423.7,753.7,462.8],\"text\":\"2019), a pre-tax season identity theft risk assessment (only available to clients having returns prepared in retail offices),\"},{\"bbox\":[103.0,440.4,753.2,479.4],\"text\":\"notifying clients if their information is detected on a tax return filed through H&R Block, and obtaining additional IRS\"},{\"bbox\":[102.4,457.0,295.4,480.5],\"text\":\"identity protections when eligible.\"}],\"order\":39,\"text\":\"Revenues from Tax Identity Shield (TIS) are initially deferred and are recognized as the various services are provided\\nto the client, either by us or a third party, throughout the term of the contract, which ends on April 30th of the following\\nyear. TIS has multiple performance obligations where we provide clients assistance in helping protect their tax identity\\nand access to services to help restore their tax identity, if necessary. Protection services include a daily scan of the\\ndark web for personal information, a monthly scan for social security number in credit header data (new in fiscal year\\n2019), a pre-tax season identity theft risk assessment (only available to clients having returns prepared in retail offices),\\nnotifying clients if their information is detected on a tax return filed through H&R Block, and obtaining additional IRS\\nidentity protections when eligible.\"},{\"bbox\":[99.8,482.0,751.8,571.0],\"lines\":[{\"bbox\":[120.3,482.7,751.8,521.1],\"text\":\"As of April 30, 2019, and 2018, TIS deferred revenue was $29.7 million and $36.4 million, respectively. The related\"},{\"bbox\":[101.0,498.7,751.2,537.7],\"text\":\"liabilities are included in deferred revenue and other current liabilities in the consolidated balance sheets. All deferred\"},{\"bbox\":[100.4,515.3,750.6,554.4],\"text\":\"revenue related to TIS as of April 30, 2019 will be recognized within the next twelve months. All amounts deferred as\"},{\"bbox\":[99.8,532.0,577.8,565.2],\"text\":\"of April 30, 2018 were recognized as revenues in the fiscal year ended April 30, 2019.\"}],\"order\":40,\"text\":\"As of April 30, 2019, and 2018, TIS deferred revenue was $29.7 million and $36.4 million, respectively. The related\\nliabilities are included in deferred revenue and other current liabilities in the consolidated balance sheets. All deferred\\nrevenue related to TIS as of April 30, 2019 will be recognized within the next twelve months. All amounts deferred as\\nof April 30, 2018 were recognized as revenues in the fiscal year ended April 30, 2019.\"},{\"bbox\":[98.4,555.0,749.3,612.7],\"lines\":[{\"bbox\":[117.7,555.6,749.3,596.0],\"text\":\"Interest and fee income on Emerald Advance TM lines of credit (EAs) is recorded over the life of the underlying\"},{\"bbox\":[98.4,573.6,126.9,591.5],\"text\":\"loan.\"}],\"order\":41,\"text\":\"Interest and fee income on Emerald Advance TM lines of credit (EAs) is recorded over the life of the underlying\\nloan.\"},{\"bbox\":[97.0,598.6,747.8,654.3],\"lines\":[{\"bbox\":[116.3,599.3,747.8,637.7],\"text\":\"Service revenues consist of assisted and online tax preparation revenues, fees for electronic filing, revenues from\"},{\"bbox\":[97.0,615.3,280.8,638.5],\"text\":\"RTs, Emerald Card, POM and TIS.\"}],\"order\":42,\"text\":\"Service revenues consist of assisted and online tax preparation revenues, fees for electronic filing, revenues from\\nRTs, Emerald Card, POM and TIS.\"},{\"bbox\":[92.8,640.3,746.4,779.2],\"lines\":[{\"bbox\":[114.9,640.9,746.4,679.3],\"text\":\"A significant portion of our accounts receivable balances arise from services and products that we provide to our\"},{\"bbox\":[95.6,656.9,745.8,696.0],\"text\":\"customers, with the exception of those related to EAs, which arise from purchased participation interests with Axos.\"},{\"bbox\":[95.0,673.6,745.2,712.6],\"text\":\"The majority of our services and products must be paid for at the time of service, and therefore no receivable is\"},{\"bbox\":[94.5,690.2,744.7,729.3],\"text\":\"recorded unless an RT is purchased. Generally the prices of our services and products are fixed and determinable at\"},{\"bbox\":[93.9,706.9,744.1,745.9],\"text\":\"the time of sale. For our RT product, we record a receivable for our fees which is then collected at the time the IRS\"},{\"bbox\":[93.3,723.5,743.5,762.6],\"text\":\"issues the client’s refund. Our receivables from customers are generally collected on a periodic basis during and\"},{\"bbox\":[92.8,740.2,536.1,772.2],\"text\":\"subsequent to the tax season. See note 4 for our accounts receivable balances.\"}],\"order\":43,\"text\":\"A significant portion of our accounts receivable balances arise from services and products that we provide to our\\ncustomers, with the exception of those related to EAs, which arise from purchased participation interests with Axos.\\nThe majority of our services and products must be paid for at the time of service, and therefore no receivable is\\nrecorded unless an RT is purchased. Generally the prices of our services and products are fixed and determinable at\\nthe time of sale. For our RT product, we record a receivable for our fees which is then collected at the time the IRS\\nissues the client’s refund. Our receivables from customers are generally collected on a periodic basis during and\\nsubsequent to the tax season. See note 4 for our accounts receivable balances.\"},{\"bbox\":[91.9,765.2,268.3,788.1],\"lines\":[{\"bbox\":[91.9,765.2,268.3,788.1],\"text\":\"NOTE 3: EARNINGS PER SHARE\"}],\"order\":44,\"text\":\"NOTE 3: EARNINGS PER SHARE\"},{\"bbox\":[88.8,790.2,741.3,895.8],\"lines\":[{\"bbox\":[91.1,790.2,741.3,829.2],\"text\":\"Basic and diluted earnings per share is computed using the two-class method. The two-class method is an earnings\"},{\"bbox\":[90.5,806.8,740.7,845.9],\"text\":\"allocation formula that determines net income per share for each class of common stock and participating security\"},{\"bbox\":[89.9,823.5,740.1,862.5],\"text\":\"according to dividends declared and participation rights in undistributed earnings. Per share amounts are computed\"},{\"bbox\":[89.4,840.1,739.6,879.2],\"text\":\"by dividing net income from continuing operations attributable to common shareholders by the weighted average\"},{\"bbox\":[88.8,856.8,309.0,881.2],\"text\":\"shares outstanding during each period.\"}],\"order\":45,\"text\":\"Basic and diluted earnings per share is computed using the two-class method. The two-class method is an earnings\\nallocation formula that determines net income per share for each class of common stock and participating security\\naccording to dividends declared and participation rights in undistributed earnings. Per share amounts are computed\\nby dividing net income from continuing operations attributable to common shareholders by the weighted average\\nshares outstanding during each period.\"},{\"bbox\":[546.9,1017.5,699.4,1036.2],\"lines\":[{\"bbox\":[546.9,1017.5,699.4,1036.2],\"text\":\"H&R Block, Inc. | 2019 Form 10-K\"}],\"order\":46,\"text\":\"H&R Block, Inc. | 2019 Form 10-K\"},{\"bbox\":[711.3,1023.0,723.0,1037.0],\"lines\":[{\"bbox\":[711.3,1023.0,723.0,1037.0],\"text\":\"43\"}],\"order\":47,\"text\":\"43\"}],\"doc\":\"fintabnet:HRB_2019\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"Changes in the balances of deferred revenue and wages for POM are as follows:\\n\\n(in 000s)\\n\\nPOM\\n\\nDeferred Revenue\\n\\nYear ended April 30,\\n\\nBalance, beginning of the year\\n\\n2019\\n\\n$\\n\\nAmounts deferred\\n\\n$\\n\\n120,163\\n\\nAmounts recognized on previous deferrals\\n\\nBalance, end of the year\\n\\n218,274\\n\\n212,511\\n\\n211,223\\n\\n2019\\n\\n$\\n\\n122,650\\n\\n(125,926)\\n\\n$\\n\\nDeferred Wages\\n\\n2018\\n\\n218,274\\n\\n$\\n\\n13,336\\n\\n(115,599)\\n\\n$\\n\\n32,683\\n\\n2018\\n\\n18,148\\n\\n(18,713)\\n\\n$\\n\\n27,306\\n\\n31,344\\n\\n(16,809)\\n\\n$\\n\\n32,683\\n\\nAs of April 30, 2019, deferred revenue related to POM was $212.5 million. We expect that $119.2 million will be\\nrecognized over the next twelve months, while the remaining balance will be recognized over the following sixty\\nmonths. The related liabilities are included in deferred revenue and other liabilities in the consolidated balance sheets.\\nThe related assets are included in prepaid expenses and other current assets or other noncurrent assets.\\n\\nRevenues from Tax Identity Shield (TIS) are initially deferred and are recognized as the various services are provided\\nto the client, either by us or a third party, throughout the term of the contract, which ends on April 30th of the following\\nyear. TIS has multiple performance obligations where we provide clients assistance in helping protect their tax identity\\nand access to services to help restore their tax identity, if necessary. Protection services include a daily scan of the\\ndark web for personal information, a monthly scan for social security number in credit header data (new in fiscal year\\n2019), a pre-tax season identity theft risk assessment (only available to clients having returns prepared in retail offices),\\nnotifying clients if their information is detected on a tax return filed through H&R Block, and obtaining additional IRS\\nidentity protections when eligible.\\n\\nAs of April 30, 2019, and 2018, TIS deferred revenue was $29.7 million and $36.4 million, respectively. The related\\nliabilities are included in deferred revenue and other current liabilities in the consolidated balance sheets. All deferred\\nrevenue related to TIS as of April 30, 2019 will be recognized within the next twelve months. All amounts deferred as\\nof April 30, 2018 were recognized as revenues in the fiscal year ended April 30, 2019.\\n\\nInterest and fee income on Emerald Advance TM lines of credit (EAs) is recorded over the life of the underlying\\nloan.\\n\\nService revenues consist of assisted and online tax preparation revenues, fees for electronic filing, revenues from\\nRTs, Emerald Card, POM and TIS.\\n\\nA significant portion of our accounts receivable balances arise from services and products that we provide to our\\ncustomers, with the exception of those related to EAs, which arise from purchased participation interests with Axos.\\nThe majority of our services and products must be paid for at the time of service, and therefore no receivable is\\nrecorded unless an RT is purchased. Generally the prices of our services and products are fixed and determinable at\\nthe time of sale. For our RT product, we record a receivable for our fees which is then collected at the time the IRS\\nissues the client’s refund. Our receivables from customers are generally collected on a periodic basis during and\\nsubsequent to the tax season. See note 4 for our accounts receivable balances.\\n\\nNOTE 3: EARNINGS PER SHARE\\n\\nBasic and diluted earnings per share is computed using the two-class method. The two-class method is an earnings\\nallocation formula that determines net income per share for each class of common stock and participating security\\naccording to dividends declared and participation rights in undistributed earnings. Per share amounts are computed\\nby dividing net income from continuing operations attributable to common shareholders by the weighted average\\nshares outstanding during each period.\\n\\nH&R Block, Inc. | 2019 Form 10-K\\n\\n43\",\"name\":\"fintabnet.HRB_2019_page_55__100dpi_medium\",\"page_id\":\"fintabnet.HRB_2019_page_55\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.947,\"source\":\"fintabnet\",\"source_id\":\"HRB_2019_page_55\",\"stack\":[{\"deg\":-1.947,\"op\":\"skew\"},{\"amp\":0.169,\"angle\":46.6,\"blob\":0.228,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.856},{\"op\":\"noise\",\"sigma\":5.894},{\"gain\":0.792,\"op\":\"contrast\"},{\"bias\":0.062,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":31}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[114.3,115.6,764.2,267.8],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37],\"cells\":null}],\"text\":\"Changes in the balances of deferred revenue and wages for POM are as follows:\\n\\n(in 000s)\\n\\nPOM\\n\\nDeferred Revenue\\n\\nYear ended April 30,\\n\\nBalance, beginning of the year\\n\\n2019\\n\\n$\\n\\nAmounts deferred\\n\\n$\\n\\n120,163\\n\\nAmounts recognized on previous deferrals\\n\\nBalance, end of the year\\n\\n218,274\\n\\n212,511\\n\\n211,223\\n\\n2019\\n\\n$\\n\\n122,650\\n\\n(125,926)\\n\\n$\\n\\nDeferred Wages\\n\\n2018\\n\\n218,274\\n\\n$\\n\\n13,336\\n\\n(115,599)\\n\\n$\\n\\n32,683\\n\\n2018\\n\\n18,148\\n\\n(18,713)\\n\\n$\\n\\n27,306\\n\\n31,344\\n\\n(16,809)\\n\\n$\\n\\n32,683\\n\\nAs of April 30, 2019, deferred revenue related to POM was $212.5 million. We expect that $119.2 million will be\\nrecognized over the next twelve months, while the remaining balance will be recognized over the following sixty\\nmonths. The related liabilities are included in deferred revenue and other liabilities in the consolidated balance sheets.\\nThe related assets are included in prepaid expenses and other current assets or other noncurrent assets.\\n\\nRevenues from Tax Identity Shield (TIS) are initially deferred and are recognized as the various services are provided\\nto the client, either by us or a third party, throughout the term of the contract, which ends on April 30th of the following\\nyear. TIS has multiple performance obligations where we provide clients assistance in helping protect their tax identity\\nand access to services to help restore their tax identity, if necessary. Protection services include a daily scan of the\\ndark web for personal information, a monthly scan for social security number in credit header data (new in fiscal year\\n2019), a pre-tax season identity theft risk assessment (only available to clients having returns prepared in retail offices),\\nnotifying clients if their information is detected on a tax return filed through H&R Block, and obtaining additional IRS\\nidentity protections when eligible.\\n\\nAs of April 30, 2019, and 2018, TIS deferred revenue was $29.7 million and $36.4 million, respectively. The related\\nliabilities are included in deferred revenue and other current liabilities in the consolidated balance sheets. All deferred\\nrevenue related to TIS as of April 30, 2019 will be recognized within the next twelve months. All amounts deferred as\\nof April 30, 2018 were recognized as revenues in the fiscal year ended April 30, 2019.\\n\\nInterest and fee income on Emerald Advance TM lines of credit (EAs) is recorded over the life of the underlying\\nloan.\\n\\nService revenues consist of assisted and online tax preparation revenues, fees for electronic filing, revenues from\\nRTs, Emerald Card, POM and TIS.\\n\\nA significant portion of our accounts receivable balances arise from services and products that we provide to our\\ncustomers, with the exception of those related to EAs, which arise from purchased participation interests with Axos.\\nThe majority of our services and products must be paid for at the time of service, and therefore no receivable is\\nrecorded unless an RT is purchased. Generally the prices of our services and products are fixed and determinable at\\nthe time of sale. For our RT product, we record a receivable for our fees which is then collected at the time the IRS\\nissues the client’s refund. Our receivables from customers are generally collected on a periodic basis during and\\nsubsequent to the tax season. See note 4 for our accounts receivable balances.\\n\\nNOTE 3: EARNINGS PER SHARE\\n\\nBasic and diluted earnings per share is computed using the two-class method. The two-class method is an earnings\\nallocation formula that determines net income per share for each class of common stock and participating security\\naccording to dividends declared and participation rights in undistributed earnings. Per share amounts are computed\\nby dividing net income from continuing operations attributable to common shareholders by the weighted average\\nshares outstanding during each period.\\n\\nH&R Block, Inc. | 2019 Form 10-K\\n\\n43\"},\"name\":\"fintabnet.HRB_2019_page_55__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":27868,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:HRB_2019\",\"dpi\":100,\"gt_sha256\":\"d258c89e8253e1c07f116b3ddc77374fdeeb026de025cbdac21f92a5f8a3118f\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HRB_2019_page_55__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.HRB_2019_page_55\",\"pdf_sha256\":\"78e79f68c65e1651e84a5bea82af3c174144e9aac02dae7dd8d62bb3ffe80b70\",\"px\":[850,1100],\"scan\":{\"render\":\"0000000038fc38ec3ffc3ffc3ffc3ffc3fe03ffc3ffc3fc03ffc000000000004\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"HRB_2019_page_55\",\"src\":{\"file_sha256\":\"3977a34d71512881ea61172679330a61c7efa46a26fc77cb54b936d2cdf48be4\",\"render\":\"000000003ffc38fc3ffc3ffc3ffc3ffc3fe03ffc3ffc3fc03ffc000000040000\",\"text\":\"5b3a998c0cf9a53455dd59750995796b869845089b9bf175c9d93ec3a9547d57\"},\"stack\":[{\"deg\":-1.947,\"op\":\"skew\"},{\"amp\":0.169,\"angle\":46.6,\"blob\":0.228,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.856},{\"op\":\"noise\",\"sigma\":5.894},{\"gain\":0.792,\"op\":\"contrast\"},{\"bias\":0.062,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":31}],\"tools\":\"21647cade0ee\"},\"sha256\":\"78e79f68c65e1651e84a5bea82af3c174144e9aac02dae7dd8d62bb3ffe80b70\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/78e79f68c65e1651e84a5bea82af3c174144e9aac02dae7dd8d62bb3ffe80b70.pdf","asset_sha256":"78e79f68c65e1651e84a5bea82af3c174144e9aac02dae7dd8d62bb3ffe80b70","document_id":"fintabnet:HRB_2019","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HRB_2019_page_55\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HUM_2009_page_41\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HUM_2009\",\"ground_truth\":{\"blocks\":[{\"bbox\":[752.0,187.9,856.5,215.5],\"lines\":[{\"bbox\":[752.0,187.9,856.5,215.5],\"text\":\"PART II\"}],\"order\":0,\"text\":\"PART II\"},{\"bbox\":[172.3,236.5,1400.9,324.0],\"lines\":[{\"bbox\":[172.3,236.5,1400.1,290.6],\"text\":\"ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER\"},{\"bbox\":[298.1,276.4,1121.6,321.0],\"text\":\"MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES\"}],\"order\":1,\"text\":\"ITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER\\nMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES\"},{\"bbox\":[174.2,345.7,196.4,371.6],\"lines\":[{\"bbox\":[174.2,345.7,196.4,371.6],\"text\":\"a)\"}],\"order\":2,\"text\":\"a)\"},{\"bbox\":[229.8,339.7,450.4,370.0],\"lines\":[{\"bbox\":[229.8,339.7,450.4,370.0],\"text\":\"Market Information\"}],\"order\":3,\"text\":\"Market Information\"},{\"bbox\":[175.4,363.6,1443.7,485.6],\"lines\":[{\"bbox\":[230.9,363.6,1442.1,417.7],\"text\":\"Our common stock trades on the New York Stock Exchange under the symbol HUM. The following table\"},{\"bbox\":[176.1,396.9,1442.9,452.3],\"text\":\"shows the range of high and low closing sales prices as reported on the New York Stock Exchange Composite\"},{\"bbox\":[176.9,441.5,969.1,485.6],\"text\":\"Price for each quarter in the years ended December 31, 2009 and 2008:\"}],\"order\":4,\"text\":\"Our common stock trades on the New York Stock Exchange under the symbol HUM. The following table\\nshows the range of high and low closing sales prices as reported on the New York Stock Exchange Composite\\nPrice for each quarter in the years ended December 31, 2009 and 2008:\"},{\"bbox\":[1153.8,490.1,1201.2,511.3],\"lines\":[{\"bbox\":[1153.8,490.1,1201.2,511.3],\"text\":\"High\"}],\"order\":5,\"text\":\"High\"},{\"bbox\":[1274.2,487.4,1316.6,508.5],\"lines\":[{\"bbox\":[1274.2,487.4,1316.6,508.5],\"text\":\"Low\"}],\"order\":6,\"text\":\"Low\"},{\"bbox\":[290.3,533.1,1102.1,711.0],\"lines\":[{\"bbox\":[290.3,543.4,664.9,577.4],\"text\":\"Year Ended December 31, 2009\"},{\"bbox\":[346.6,566.5,1099.8,609.7],\"text\":\"First quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[347.4,599.8,1100.5,643.0],\"text\":\"Second quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[348.2,633.1,1101.3,676.4],\"text\":\"Third quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[349.0,666.4,1102.1,709.7],\"text\":\"Fourth quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Year Ended December 31, 2009\\nFirst quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1140.8,563.7,1220.1,690.9],\"lines\":[{\"bbox\":[1140.8,563.7,1217.8,590.9],\"text\":\"$45.80\"},{\"bbox\":[1141.6,597.0,1218.6,624.2],\"text\":\"$32.62\"},{\"bbox\":[1142.4,630.3,1219.4,657.6],\"text\":\"$40.67\"},{\"bbox\":[1143.2,663.6,1220.1,690.9],\"text\":\"$45.75\"}],\"order\":8,\"text\":\"$45.80\\n$32.62\\n$40.67\\n$45.75\"},{\"bbox\":[1258.8,560.9,1338.2,688.1],\"lines\":[{\"bbox\":[1258.8,560.9,1335.8,588.1],\"text\":\"$18.77\"},{\"bbox\":[1259.6,594.2,1336.6,621.4],\"text\":\"$25.46\"},{\"bbox\":[1260.4,627.5,1337.4,654.8],\"text\":\"$28.28\"},{\"bbox\":[1261.2,660.8,1338.2,688.1],\"text\":\"$35.91\"}],\"order\":9,\"text\":\"$18.77\\n$25.46\\n$28.28\\n$35.91\"},{\"bbox\":[294.5,713.8,1106.4,891.6],\"lines\":[{\"bbox\":[294.5,724.0,669.2,758.0],\"text\":\"Year Ended December 31, 2008\"},{\"bbox\":[350.9,747.1,1104.0,790.3],\"text\":\"First quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[351.7,780.4,1104.8,823.7],\"text\":\"Second quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[352.4,813.7,1105.6,857.0],\"text\":\"Third quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[353.2,847.1,1106.4,890.3],\"text\":\"Fourth quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":10,\"text\":\"Year Ended December 31, 2008\\nFirst quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1145.1,744.3,1224.4,871.5],\"lines\":[{\"bbox\":[1145.1,744.3,1222.1,771.5],\"text\":\"$86.98\"},{\"bbox\":[1145.9,777.6,1222.8,804.9],\"text\":\"$51.11\"},{\"bbox\":[1146.7,811.0,1223.6,838.2],\"text\":\"$50.03\"},{\"bbox\":[1147.5,844.3,1224.4,871.5],\"text\":\"$41.26\"}],\"order\":11,\"text\":\"$86.98\\n$51.11\\n$50.03\\n$41.26\"},{\"bbox\":[1263.1,741.5,1342.4,868.7],\"lines\":[{\"bbox\":[1263.1,741.5,1340.1,768.8],\"text\":\"$40.88\"},{\"bbox\":[1263.9,774.8,1340.9,802.1],\"text\":\"$39.77\"},{\"bbox\":[1264.7,808.2,1341.7,835.4],\"text\":\"$37.27\"},{\"bbox\":[1265.5,841.5,1342.4,868.7],\"text\":\"$24.56\"}],\"order\":12,\"text\":\"$40.88\\n$39.77\\n$37.27\\n$24.56\"},{\"bbox\":[216.2,927.6,891.7,968.7],\"lines\":[{\"bbox\":[216.2,927.6,891.7,968.7],\"text\":\"Unregistered Sales of Equity Securities and Use of Proceeds\"}],\"order\":13,\"text\":\"Unregistered Sales of Equity Securities and Use of Proceeds\"},{\"bbox\":[189.5,961.6,1469.9,1583.5],\"lines\":[{\"bbox\":[245.1,961.6,1456.1,1015.7],\"text\":\"We maintain the Humana Retirement and Savings Plan and the Humana Puerto Rico 1165(e) Retirement\"},{\"bbox\":[190.3,994.9,1457.1,1050.3],\"text\":\"Plan (which we refer to collectively as the Plans), each a qualified, combined retirement plan and 401(k) plan, for\"},{\"bbox\":[191.1,1028.2,1457.8,1083.7],\"text\":\"the benefit of our employees, through which participants can elect, among other investment choices, to purchase\"},{\"bbox\":[191.9,1061.6,1458.8,1117.0],\"text\":\"our common stock at market prices. Although none of the shares purchased by the Plans are purchased from us,\"},{\"bbox\":[192.7,1094.9,1459.6,1150.3],\"text\":\"but are purchased by a third party administrator on the open market, it is the position of the SEC that, because we\"},{\"bbox\":[193.5,1128.2,1460.3,1183.6],\"text\":\"sponsor the Plans, all of the securities offered pursuant to the Plans must be registered under the Securities Act of\"},{\"bbox\":[194.2,1161.5,1461.1,1217.0],\"text\":\"1933. Based upon this interpretation, we recently determined that the number of shares of our common stock\"},{\"bbox\":[195.0,1194.9,1461.9,1250.3],\"text\":\"purchased by participants under the Humana Retirement and Savings Plan may have exceeded the number of\"},{\"bbox\":[195.8,1228.2,1462.7,1283.6],\"text\":\"shares registered under the registration statement covering the Plan, and shares purchased under the Humana\"},{\"bbox\":[196.6,1261.5,1463.4,1316.9],\"text\":\"Puerto Rico 1165(e) Retirement Plan may not have been registered. Since these purchases were made by a third\"},{\"bbox\":[197.4,1294.8,1464.2,1350.2],\"text\":\"party administrator on the open market, and not from us, we did not receive any proceeds from the sale of the\"},{\"bbox\":[198.2,1328.2,1465.1,1383.6],\"text\":\"shares pursuant to the Plans. We have filed registration statements on Form S-8 to register future sales of our\"},{\"bbox\":[199.0,1361.5,1465.8,1416.9],\"text\":\"common stock to participants in the Plans. We are in the process of determining any action we intend to take in\"},{\"bbox\":[199.8,1394.8,1466.7,1450.2],\"text\":\"light of this situation. These shares have always been treated as outstanding for financial reporting purposes, and\"},{\"bbox\":[200.6,1428.1,1467.4,1483.5],\"text\":\"we do not expect that the overall effect of this issuance of unregistered shares, including the exercise of any\"},{\"bbox\":[201.3,1461.5,1468.0,1516.9],\"text\":\"applicable rescission rights by participants in the Plans, will have a material impact on our results of operations,\"},{\"bbox\":[202.1,1494.8,1468.8,1550.2],\"text\":\"financial position, and cash flows. We may also be subject to monetary fines or other regulatory sanctions as\"},{\"bbox\":[202.9,1547.0,671.0,1583.5],\"text\":\"provided under applicable securities laws.\"}],\"order\":14,\"text\":\"We maintain the Humana Retirement and Savings Plan and the Humana Puerto Rico 1165(e) Retirement\\nPlan (which we refer to collectively as the Plans), each a qualified, combined retirement plan and 401(k) plan, for\\nthe benefit of our employees, through which participants can elect, among other investment choices, to purchase\\nour common stock at market prices. Although none of the shares purchased by the Plans are purchased from us,\\nbut are purchased by a third party administrator on the open market, it is the position of the SEC that, because we\\nsponsor the Plans, all of the securities offered pursuant to the Plans must be registered under the Securities Act of\\n1933. Based upon this interpretation, we recently determined that the number of shares of our common stock\\npurchased by participants under the Humana Retirement and Savings Plan may have exceeded the number of\\nshares registered under the registration statement covering the Plan, and shares purchased under the Humana\\nPuerto Rico 1165(e) Retirement Plan may not have been registered. Since these purchases were made by a third\\nparty administrator on the open market, and not from us, we did not receive any proceeds from the sale of the\\nshares pursuant to the Plans. We have filed registration statements on Form S-8 to register future sales of our\\ncommon stock to participants in the Plans. We are in the process of determining any action we intend to take in\\nlight of this situation. These shares have always been treated as outstanding for financial reporting purposes, and\\nwe do not expect that the overall effect of this issuance of unregistered shares, including the exercise of any\\napplicable rescission rights by participants in the Plans, will have a material impact on our results of operations,\\nfinancial position, and cash flows. We may also be subject to monetary fines or other regulatory sanctions as\\nprovided under applicable securities laws.\"},{\"bbox\":[204.7,1632.9,228.4,1658.9],\"lines\":[{\"bbox\":[204.7,1632.9,228.4,1658.9],\"text\":\"b)\"}],\"order\":15,\"text\":\"b)\"},{\"bbox\":[260.2,1624.6,582.0,1657.3],\"lines\":[{\"bbox\":[260.2,1624.6,582.0,1657.3],\"text\":\"Holders of our Capital Stock\"}],\"order\":16,\"text\":\"Holders of our Capital Stock\"},{\"bbox\":[205.8,1650.8,1473.5,1739.6],\"lines\":[{\"bbox\":[261.4,1650.8,1472.7,1704.9],\"text\":\"As of January 31, 2010, there were approximately 4,700 holders of record of our common stock and\"},{\"bbox\":[206.6,1697.6,907.9,1739.6],\"text\":\"approximately 78,800 beneficial holders of our common stock.\"}],\"order\":17,\"text\":\"As of January 31, 2010, there were approximately 4,700 holders of record of our common stock and\\napproximately 78,800 beneficial holders of our common stock.\"},{\"bbox\":[208.4,1789.0,230.6,1815.0],\"lines\":[{\"bbox\":[208.4,1789.0,230.6,1815.0],\"text\":\"c)\"}],\"order\":18,\"text\":\"c)\"},{\"bbox\":[263.9,1785.6,377.1,1813.3],\"lines\":[{\"bbox\":[263.9,1785.6,377.1,1813.3],\"text\":\"Dividends\"}],\"order\":19,\"text\":\"Dividends\"},{\"bbox\":[209.5,1806.9,1478.0,1929.0],\"lines\":[{\"bbox\":[265.1,1806.9,1476.4,1861.0],\"text\":\"Since February 1993, we have not declared or paid any cash dividends on our common stock. We do not\"},{\"bbox\":[210.3,1840.2,1477.2,1895.7],\"text\":\"presently intend to pay dividends, and we currently plan to retain our earnings for future operations and growth\"},{\"bbox\":[211.1,1898.8,410.0,1929.0],\"text\":\"of our businesses.\"}],\"order\":20,\"text\":\"Since February 1993, we have not declared or paid any cash dividends on our common stock. We do not\\npresently intend to pay dividends, and we currently plan to retain our earnings for future operations and growth\\nof our businesses.\"},{\"bbox\":[832.0,1955.0,860.3,1981.1],\"lines\":[{\"bbox\":[832.0,1955.0,860.3,1981.1],\"text\":\"31\"}],\"order\":21,\"text\":\"31\"}],\"doc\":\"fintabnet:HUM_2009\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"PART II\\n\\nITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER\\nMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES\\n\\na)\\n\\nMarket Information\\n\\nOur common stock trades on the New York Stock Exchange under the symbol HUM. The following table\\nshows the range of high and low closing sales prices as reported on the New York Stock Exchange Composite\\nPrice for each quarter in the years ended December 31, 2009 and 2008:\\n\\nHigh\\n\\nLow\\n\\nYear Ended December 31, 2009\\nFirst quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$45.80\\n$32.62\\n$40.67\\n$45.75\\n\\n$18.77\\n$25.46\\n$28.28\\n$35.91\\n\\nYear Ended December 31, 2008\\nFirst quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$86.98\\n$51.11\\n$50.03\\n$41.26\\n\\n$40.88\\n$39.77\\n$37.27\\n$24.56\\n\\nUnregistered Sales of Equity Securities and Use of Proceeds\\n\\nWe maintain the Humana Retirement and Savings Plan and the Humana Puerto Rico 1165(e) Retirement\\nPlan (which we refer to collectively as the Plans), each a qualified, combined retirement plan and 401(k) plan, for\\nthe benefit of our employees, through which participants can elect, among other investment choices, to purchase\\nour common stock at market prices. Although none of the shares purchased by the Plans are purchased from us,\\nbut are purchased by a third party administrator on the open market, it is the position of the SEC that, because we\\nsponsor the Plans, all of the securities offered pursuant to the Plans must be registered under the Securities Act of\\n1933. Based upon this interpretation, we recently determined that the number of shares of our common stock\\npurchased by participants under the Humana Retirement and Savings Plan may have exceeded the number of\\nshares registered under the registration statement covering the Plan, and shares purchased under the Humana\\nPuerto Rico 1165(e) Retirement Plan may not have been registered. Since these purchases were made by a third\\nparty administrator on the open market, and not from us, we did not receive any proceeds from the sale of the\\nshares pursuant to the Plans. We have filed registration statements on Form S-8 to register future sales of our\\ncommon stock to participants in the Plans. We are in the process of determining any action we intend to take in\\nlight of this situation. These shares have always been treated as outstanding for financial reporting purposes, and\\nwe do not expect that the overall effect of this issuance of unregistered shares, including the exercise of any\\napplicable rescission rights by participants in the Plans, will have a material impact on our results of operations,\\nfinancial position, and cash flows. We may also be subject to monetary fines or other regulatory sanctions as\\nprovided under applicable securities laws.\\n\\nb)\\n\\nHolders of our Capital Stock\\n\\nAs of January 31, 2010, there were approximately 4,700 holders of record of our common stock and\\napproximately 78,800 beneficial holders of our common stock.\\n\\nc)\\n\\nDividends\\n\\nSince February 1993, we have not declared or paid any cash dividends on our common stock. We do not\\npresently intend to pay dividends, and we currently plan to retain our earnings for future operations and growth\\nof our businesses.\\n\\n31\",\"name\":\"fintabnet.HUM_2009_page_41__200dpi_medium\",\"page_id\":\"fintabnet.HUM_2009_page_41\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.356,\"source\":\"fintabnet\",\"source_id\":\"HUM_2009_page_41\",\"stack\":[{\"deg\":1.356,\"op\":\"skew\"},{\"amp\":0.128,\"angle\":134.7,\"blob\":0.372,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.725},{\"op\":\"noise\",\"sigma\":8.893},{\"bias\":0.077,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":31}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[289.2,481.9,1342.4,891.7],\"block_orders\":[5,6,7,8,9,10,11,12],\"cells\":null}],\"text\":\"PART II\\n\\nITEM 5. MARKET FOR THE REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER\\nMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES\\n\\na)\\n\\nMarket Information\\n\\nOur common stock trades on the New York Stock Exchange under the symbol HUM. The following table\\nshows the range of high and low closing sales prices as reported on the New York Stock Exchange Composite\\nPrice for each quarter in the years ended December 31, 2009 and 2008:\\n\\nHigh\\n\\nLow\\n\\nYear Ended December 31, 2009\\nFirst quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$45.80\\n$32.62\\n$40.67\\n$45.75\\n\\n$18.77\\n$25.46\\n$28.28\\n$35.91\\n\\nYear Ended December 31, 2008\\nFirst quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$86.98\\n$51.11\\n$50.03\\n$41.26\\n\\n$40.88\\n$39.77\\n$37.27\\n$24.56\\n\\nUnregistered Sales of Equity Securities and Use of Proceeds\\n\\nWe maintain the Humana Retirement and Savings Plan and the Humana Puerto Rico 1165(e) Retirement\\nPlan (which we refer to collectively as the Plans), each a qualified, combined retirement plan and 401(k) plan, for\\nthe benefit of our employees, through which participants can elect, among other investment choices, to purchase\\nour common stock at market prices. Although none of the shares purchased by the Plans are purchased from us,\\nbut are purchased by a third party administrator on the open market, it is the position of the SEC that, because we\\nsponsor the Plans, all of the securities offered pursuant to the Plans must be registered under the Securities Act of\\n1933. Based upon this interpretation, we recently determined that the number of shares of our common stock\\npurchased by participants under the Humana Retirement and Savings Plan may have exceeded the number of\\nshares registered under the registration statement covering the Plan, and shares purchased under the Humana\\nPuerto Rico 1165(e) Retirement Plan may not have been registered. Since these purchases were made by a third\\nparty administrator on the open market, and not from us, we did not receive any proceeds from the sale of the\\nshares pursuant to the Plans. We have filed registration statements on Form S-8 to register future sales of our\\ncommon stock to participants in the Plans. We are in the process of determining any action we intend to take in\\nlight of this situation. These shares have always been treated as outstanding for financial reporting purposes, and\\nwe do not expect that the overall effect of this issuance of unregistered shares, including the exercise of any\\napplicable rescission rights by participants in the Plans, will have a material impact on our results of operations,\\nfinancial position, and cash flows. We may also be subject to monetary fines or other regulatory sanctions as\\nprovided under applicable securities laws.\\n\\nb)\\n\\nHolders of our Capital Stock\\n\\nAs of January 31, 2010, there were approximately 4,700 holders of record of our common stock and\\napproximately 78,800 beneficial holders of our common stock.\\n\\nc)\\n\\nDividends\\n\\nSince February 1993, we have not declared or paid any cash dividends on our common stock. We do not\\npresently intend to pay dividends, and we currently plan to retain our earnings for future operations and growth\\nof our businesses.\\n\\n31\"},\"name\":\"fintabnet.HUM_2009_page_41__200dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":119715,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:HUM_2009\",\"dpi\":200,\"gt_sha256\":\"222831ba9e80d649b59599c49ff8b8b291f5ad0627def0e5eed7474470e93d4b\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HUM_2009_page_41__200dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.HUM_2009_page_41\",\"pdf_sha256\":\"2182aae747375b2d2fd874345e8ecc4996512375b2dd71b019610ec1ba3a4060\",\"px\":[1650,2150],\"scan\":{\"render\":\"000001803fe03f981c18181818183ffc3ffc3ffc3ffc3ffc3f8017fc30000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"HUM_2009_page_41\",\"src\":{\"file_sha256\":\"f58e5e4d9d413b82f4918e0ccb8ff64a3cffd4ee64978de14603d2d43094b60a\",\"render\":\"000017881fe03f981c181c1818103ffc3ffc3ffc3ffc3ffc3f003ffc00000000\",\"text\":\"0cb5fbfa4aa42ddb0c80547421673aecb1de29815743deab78388235ca06e1c6\"},\"stack\":[{\"deg\":1.356,\"op\":\"skew\"},{\"amp\":0.128,\"angle\":134.7,\"blob\":0.372,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.725},{\"op\":\"noise\",\"sigma\":8.893},{\"bias\":0.077,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":31}],\"tools\":\"21647cade0ee\"},\"sha256\":\"2182aae747375b2d2fd874345e8ecc4996512375b2dd71b019610ec1ba3a4060\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/2182aae747375b2d2fd874345e8ecc4996512375b2dd71b019610ec1ba3a4060.pdf","asset_sha256":"2182aae747375b2d2fd874345e8ecc4996512375b2dd71b019610ec1ba3a4060","document_id":"fintabnet:HUM_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HUM_2009_page_41\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HWM_2015_page_139\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HWM_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[68.6,62.1,733.5,289.9],\"lines\":[{\"bbox\":[68.6,62.9,693.5,89.9],\"text\":\"Also in March 2015, Alcoa signed a definitive agreement to acquire RTI International Metals, Inc. (RTI), a U.S.\"},{\"bbox\":[69.0,78.8,729.4,106.6],\"text\":\"company that was publicly traded on the New York Stock Exchange under the ticker symbol “RTI.” On July 23, 2015,\"},{\"bbox\":[69.3,95.5,725.3,123.2],\"text\":\"after satisfying all customary closing conditions and receiving the required regulatory and RTI shareholder approvals,\"},{\"bbox\":[69.7,112.3,722.7,139.9],\"text\":\"Alcoa completed the acquisition of RTI. Alcoa purchased all outstanding shares of RTI common stock in a stock-for-\"},{\"bbox\":[70.1,128.9,724.6,156.6],\"text\":\"stock transaction valued at $870 (based on the $9.96 per share July 23, 2015 closing price of Alcoa’s common stock).\"},{\"bbox\":[70.5,145.5,727.4,173.2],\"text\":\"Each issued and outstanding share of RTI common stock prior to the completion of the transaction was converted into\"},{\"bbox\":[70.9,162.7,705.7,189.9],\"text\":\"the right to receive 2.8315 shares of Alcoa common stock. In total, Alcoa issued 87,397,414 shares of its common\"},{\"bbox\":[71.2,179.1,718.2,206.5],\"text\":\"stock to consummate this transaction, which was not reflected in the accompanying Statement of Consolidated Cash\"},{\"bbox\":[71.6,196.0,708.3,223.2],\"text\":\"Flows as it represents a noncash financing activity. The exchange ratio was the quotient of a $41 per RTI common\"},{\"bbox\":[72.0,212.2,725.8,239.9],\"text\":\"share acquisition price and the $14.48 per share March 6, 2015 closing price of Alcoa’s common stock. In addition to\"},{\"bbox\":[72.4,228.8,729.6,256.5],\"text\":\"the transaction price, Alcoa also paid $25 ($19 after-tax) in professional fees and costs related to this acquisition. This\"},{\"bbox\":[72.8,246.4,689.6,273.2],\"text\":\"amount was recorded in Selling, general administrative, and other expenses on the accompanying Statement of\"},{\"bbox\":[73.1,273.9,214.7,289.9],\"text\":\"Consolidated Operations.\"}],\"order\":0,\"text\":\"Also in March 2015, Alcoa signed a definitive agreement to acquire RTI International Metals, Inc. (RTI), a U.S.\\ncompany that was publicly traded on the New York Stock Exchange under the ticker symbol “RTI.” On July 23, 2015,\\nafter satisfying all customary closing conditions and receiving the required regulatory and RTI shareholder approvals,\\nAlcoa completed the acquisition of RTI. Alcoa purchased all outstanding shares of RTI common stock in a stock-for-\\nstock transaction valued at $870 (based on the $9.96 per share July 23, 2015 closing price of Alcoa’s common stock).\\nEach issued and outstanding share of RTI common stock prior to the completion of the transaction was converted into\\nthe right to receive 2.8315 shares of Alcoa common stock. In total, Alcoa issued 87,397,414 shares of its common\\nstock to consummate this transaction, which was not reflected in the accompanying Statement of Consolidated Cash\\nFlows as it represents a noncash financing activity. The exchange ratio was the quotient of a $41 per RTI common\\nshare acquisition price and the $14.48 per share March 6, 2015 closing price of Alcoa’s common stock. In addition to\\nthe transaction price, Alcoa also paid $25 ($19 after-tax) in professional fees and costs related to this acquisition. This\\namount was recorded in Selling, general administrative, and other expenses on the accompanying Statement of\\nConsolidated Operations.\"},{\"bbox\":[73.9,295.4,734.4,423.1],\"lines\":[{\"bbox\":[73.9,295.6,725.3,323.2],\"text\":\"RTI is a global supplier of titanium and specialty metal products and services for the commercial aerospace, defense,\"},{\"bbox\":[74.3,313.0,693.7,339.8],\"text\":\"energy, and medical device end markets. The purpose of this acquisition is to expand Alcoa’s range of titanium\"},{\"bbox\":[74.7,329.1,718.2,356.5],\"text\":\"offerings and add advanced technologies and materials, primarily related to the aerospace end market. In 2014, RTI\"},{\"bbox\":[75.0,345.4,733.3,373.2],\"text\":\"generated net sales of $794 and had approximately 2,600 employees. The operating results and assets and liabilities of\"},{\"bbox\":[75.4,362.5,715.3,389.8],\"text\":\"RTI were included within Alcoa’s Engineered Products and Solutions segment since the date of acquisition. Third-\"},{\"bbox\":[75.8,378.8,734.0,406.5],\"text\":\"party sales and after-tax operating income (Alcoa’s primary segment performance measure—see Note Q) of RTI from\"},{\"bbox\":[76.2,398.8,585.3,423.1],\"text\":\"the acquisition date through December 31, 2015 were $309 and less than $(1), respectively.\"}],\"order\":1,\"text\":\"RTI is a global supplier of titanium and specialty metal products and services for the commercial aerospace, defense,\\nenergy, and medical device end markets. The purpose of this acquisition is to expand Alcoa’s range of titanium\\nofferings and add advanced technologies and materials, primarily related to the aerospace end market. In 2014, RTI\\ngenerated net sales of $794 and had approximately 2,600 employees. The operating results and assets and liabilities of\\nRTI were included within Alcoa’s Engineered Products and Solutions segment since the date of acquisition. Third-\\nparty sales and after-tax operating income (Alcoa’s primary segment performance measure—see Note Q) of RTI from\\nthe acquisition date through December 31, 2015 were $309 and less than $(1), respectively.\"},{\"bbox\":[76.9,429.1,719.8,473.1],\"lines\":[{\"bbox\":[76.9,429.1,719.4,456.5],\"text\":\"The following table represents the preliminary allocation of the purchase price by major asset acquired and liability\"},{\"bbox\":[77.3,453.3,388.4,473.1],\"text\":\"assumed, as well as the amount of goodwill recognized:\"}],\"order\":2,\"text\":\"The following table represents the preliminary allocation of the purchase price by major asset acquired and liability\\nassumed, as well as the amount of goodwill recognized:\"},{\"bbox\":[78.1,486.9,386.9,827.2],\"lines\":[{\"bbox\":[78.1,492.8,118.5,506.5],\"text\":\"Assets:\"},{\"bbox\":[106.2,506.4,252.7,522.5],\"text\":\"Cash and cash equivalents\"},{\"bbox\":[106.6,522.8,264.4,539.2],\"text\":\"Receivables from customers\"},{\"bbox\":[107.0,541.7,169.8,555.8],\"text\":\"Inventories\"},{\"bbox\":[107.4,554.5,338.2,572.5],\"text\":\"Prepaid expenses and other current assets\"},{\"bbox\":[107.8,572.2,293.8,589.1],\"text\":\"Properties, plants, and equipment\"},{\"bbox\":[108.1,591.9,160.9,605.8],\"text\":\"Goodwill\"},{\"bbox\":[108.5,606.7,240.1,622.5],\"text\":\"Other noncurrent assets\"},{\"bbox\":[136.8,628.5,202.3,642.7],\"text\":\"Total assets\"},{\"bbox\":[81.7,650.7,142.2,664.8],\"text\":\"Liabilities:\"},{\"bbox\":[109.8,665.8,209.3,680.8],\"text\":\"Accounts payable\"},{\"bbox\":[110.2,681.8,240.2,697.4],\"text\":\"Other current liabilities\"},{\"bbox\":[110.6,696.8,311.3,714.1],\"text\":\"Long-term debt due within one year\"},{\"bbox\":[111.0,711.8,384.7,730.8],\"text\":\"Long-term debt, less amount due within one year\"},{\"bbox\":[111.4,731.3,262.2,747.4],\"text\":\"Other noncurrent liabilities\"},{\"bbox\":[139.6,753.0,224.4,767.6],\"text\":\"Total liabilities\"},{\"bbox\":[84.5,776.1,125.7,789.7],\"text\":\"Equity:\"},{\"bbox\":[112.7,790.7,213.0,805.7],\"text\":\"Additional capital\"},{\"bbox\":[140.9,811.7,208.8,825.9],\"text\":\"Total equity\"}],\"order\":3,\"text\":\"Assets:\\nCash and cash equivalents\\nReceivables from customers\\nInventories\\nPrepaid expenses and other current assets\\nProperties, plants, and equipment\\nGoodwill\\nOther noncurrent assets\\nTotal assets\\nLiabilities:\\nAccounts payable\\nOther current liabilities\\nLong-term debt due within one year\\nLong-term debt, less amount due within one year\\nOther noncurrent liabilities\\nTotal liabilities\\nEquity:\\nAdditional capital\\nTotal equity\"},{\"bbox\":[706.8,495.2,748.0,629.6],\"lines\":[{\"bbox\":[706.8,495.2,745.2,508.8],\"text\":\"$ 302\"},{\"bbox\":[724.5,511.9,745.6,525.1],\"text\":\"103\"},{\"bbox\":[724.9,528.5,746.0,541.7],\"text\":\"531\"},{\"bbox\":[732.2,545.2,746.4,558.2],\"text\":\"47\"},{\"bbox\":[725.7,561.8,746.8,575.0],\"text\":\"436\"},{\"bbox\":[726.0,578.5,747.1,591.7],\"text\":\"240\"},{\"bbox\":[733.4,595.2,747.5,608.2],\"text\":\"93\"},{\"bbox\":[709.5,616.0,748.0,629.6],\"text\":\"$1,752\"}],\"order\":4,\"text\":\"$ 302\\n103\\n531\\n47\\n436\\n240\\n93\\n$1,752\"},{\"bbox\":[710.4,654.2,717.6,667.1],\"lines\":[{\"bbox\":[710.4,654.2,717.6,667.1],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[710.4,653.5,750.9,754.6],\"lines\":[{\"bbox\":[734.7,653.5,748.9,666.5],\"text\":\"90\"},{\"bbox\":[735.1,670.2,749.2,683.2],\"text\":\"94\"},{\"bbox\":[728.5,686.8,749.6,700.0],\"text\":\"115\"},{\"bbox\":[728.9,703.5,750.0,716.7],\"text\":\"385\"},{\"bbox\":[729.3,720.1,750.4,733.3],\"text\":\"138\"},{\"bbox\":[712.4,741.0,750.9,754.6],\"text\":\"$ 822\"}],\"order\":6,\"text\":\"90\\n94\\n115\\n385\\n138\\n$ 822\"},{\"bbox\":[713.2,779.2,720.9,812.9],\"lines\":[{\"bbox\":[713.2,779.2,720.5,792.0],\"text\":\"$\"},{\"bbox\":[713.7,800.0,720.9,812.9],\"text\":\"$\"}],\"order\":7,\"text\":\"$\\n$\"},{\"bbox\":[737.5,778.5,752.2,812.3],\"lines\":[{\"bbox\":[737.5,778.5,751.7,791.5],\"text\":\"60\"},{\"bbox\":[738.0,799.3,752.2,812.3],\"text\":\"60\"}],\"order\":8,\"text\":\"60\\n60\"},{\"bbox\":[86.3,836.9,749.4,881.4],\"lines\":[{\"bbox\":[86.3,836.9,749.0,864.7],\"text\":\"The amounts in the table above are subject to change based, in part, on management’s review of a third-party valuation\"},{\"bbox\":[86.6,856.7,610.8,881.4],\"text\":\"of the assets acquired and liabilities assumed, which is expected to be completed in mid-2016.\"}],\"order\":9,\"text\":\"The amounts in the table above are subject to change based, in part, on management’s review of a third-party valuation\\nof the assets acquired and liabilities assumed, which is expected to be completed in mid-2016.\"},{\"bbox\":[412.7,1002.4,433.8,1015.6],\"lines\":[{\"bbox\":[412.7,1002.4,433.8,1015.6],\"text\":\"115\"}],\"order\":10,\"text\":\"115\"}],\"doc\":\"fintabnet:HWM_2015\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"Also in March 2015, Alcoa signed a definitive agreement to acquire RTI International Metals, Inc. (RTI), a U.S.\\ncompany that was publicly traded on the New York Stock Exchange under the ticker symbol “RTI.” On July 23, 2015,\\nafter satisfying all customary closing conditions and receiving the required regulatory and RTI shareholder approvals,\\nAlcoa completed the acquisition of RTI. Alcoa purchased all outstanding shares of RTI common stock in a stock-for-\\nstock transaction valued at $870 (based on the $9.96 per share July 23, 2015 closing price of Alcoa’s common stock).\\nEach issued and outstanding share of RTI common stock prior to the completion of the transaction was converted into\\nthe right to receive 2.8315 shares of Alcoa common stock. In total, Alcoa issued 87,397,414 shares of its common\\nstock to consummate this transaction, which was not reflected in the accompanying Statement of Consolidated Cash\\nFlows as it represents a noncash financing activity. The exchange ratio was the quotient of a $41 per RTI common\\nshare acquisition price and the $14.48 per share March 6, 2015 closing price of Alcoa’s common stock. In addition to\\nthe transaction price, Alcoa also paid $25 ($19 after-tax) in professional fees and costs related to this acquisition. This\\namount was recorded in Selling, general administrative, and other expenses on the accompanying Statement of\\nConsolidated Operations.\\n\\nRTI is a global supplier of titanium and specialty metal products and services for the commercial aerospace, defense,\\nenergy, and medical device end markets. The purpose of this acquisition is to expand Alcoa’s range of titanium\\nofferings and add advanced technologies and materials, primarily related to the aerospace end market. In 2014, RTI\\ngenerated net sales of $794 and had approximately 2,600 employees. The operating results and assets and liabilities of\\nRTI were included within Alcoa’s Engineered Products and Solutions segment since the date of acquisition. Third-\\nparty sales and after-tax operating income (Alcoa’s primary segment performance measure—see Note Q) of RTI from\\nthe acquisition date through December 31, 2015 were $309 and less than $(1), respectively.\\n\\nThe following table represents the preliminary allocation of the purchase price by major asset acquired and liability\\nassumed, as well as the amount of goodwill recognized:\\n\\nAssets:\\nCash and cash equivalents\\nReceivables from customers\\nInventories\\nPrepaid expenses and other current assets\\nProperties, plants, and equipment\\nGoodwill\\nOther noncurrent assets\\nTotal assets\\nLiabilities:\\nAccounts payable\\nOther current liabilities\\nLong-term debt due within one year\\nLong-term debt, less amount due within one year\\nOther noncurrent liabilities\\nTotal liabilities\\nEquity:\\nAdditional capital\\nTotal equity\\n\\n$ 302\\n103\\n531\\n47\\n436\\n240\\n93\\n$1,752\\n\\n$\\n\\n90\\n94\\n115\\n385\\n138\\n$ 822\\n\\n$\\n$\\n\\n60\\n60\\n\\nThe amounts in the table above are subject to change based, in part, on management’s review of a third-party valuation\\nof the assets acquired and liabilities assumed, which is expected to be completed in mid-2016.\\n\\n115\",\"name\":\"fintabnet.HWM_2015_page_139__100dpi_medium\",\"page_id\":\"fintabnet.HWM_2015_page_139\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.307,\"source\":\"fintabnet\",\"source_id\":\"HWM_2015_page_139\",\"stack\":[{\"deg\":1.307,\"op\":\"skew\"},{\"amp\":0.141,\"angle\":338.7,\"blob\":0.251,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":7.578},{\"gain\":0.735,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":59}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[78.4,492.4,752.2,827.2],\"block_orders\":[3,4,5,6,7,8],\"cells\":null}],\"text\":\"Also in March 2015, Alcoa signed a definitive agreement to acquire RTI International Metals, Inc. (RTI), a U.S.\\ncompany that was publicly traded on the New York Stock Exchange under the ticker symbol “RTI.” On July 23, 2015,\\nafter satisfying all customary closing conditions and receiving the required regulatory and RTI shareholder approvals,\\nAlcoa completed the acquisition of RTI. Alcoa purchased all outstanding shares of RTI common stock in a stock-for-\\nstock transaction valued at $870 (based on the $9.96 per share July 23, 2015 closing price of Alcoa’s common stock).\\nEach issued and outstanding share of RTI common stock prior to the completion of the transaction was converted into\\nthe right to receive 2.8315 shares of Alcoa common stock. In total, Alcoa issued 87,397,414 shares of its common\\nstock to consummate this transaction, which was not reflected in the accompanying Statement of Consolidated Cash\\nFlows as it represents a noncash financing activity. The exchange ratio was the quotient of a $41 per RTI common\\nshare acquisition price and the $14.48 per share March 6, 2015 closing price of Alcoa’s common stock. In addition to\\nthe transaction price, Alcoa also paid $25 ($19 after-tax) in professional fees and costs related to this acquisition. This\\namount was recorded in Selling, general administrative, and other expenses on the accompanying Statement of\\nConsolidated Operations.\\n\\nRTI is a global supplier of titanium and specialty metal products and services for the commercial aerospace, defense,\\nenergy, and medical device end markets. The purpose of this acquisition is to expand Alcoa’s range of titanium\\nofferings and add advanced technologies and materials, primarily related to the aerospace end market. In 2014, RTI\\ngenerated net sales of $794 and had approximately 2,600 employees. The operating results and assets and liabilities of\\nRTI were included within Alcoa’s Engineered Products and Solutions segment since the date of acquisition. Third-\\nparty sales and after-tax operating income (Alcoa’s primary segment performance measure—see Note Q) of RTI from\\nthe acquisition date through December 31, 2015 were $309 and less than $(1), respectively.\\n\\nThe following table represents the preliminary allocation of the purchase price by major asset acquired and liability\\nassumed, as well as the amount of goodwill recognized:\\n\\nAssets:\\nCash and cash equivalents\\nReceivables from customers\\nInventories\\nPrepaid expenses and other current assets\\nProperties, plants, and equipment\\nGoodwill\\nOther noncurrent assets\\nTotal assets\\nLiabilities:\\nAccounts payable\\nOther current liabilities\\nLong-term debt due within one year\\nLong-term debt, less amount due within one year\\nOther noncurrent liabilities\\nTotal liabilities\\nEquity:\\nAdditional capital\\nTotal equity\\n\\n$ 302\\n103\\n531\\n47\\n436\\n240\\n93\\n$1,752\\n\\n$\\n\\n90\\n94\\n115\\n385\\n138\\n$ 822\\n\\n$\\n$\\n\\n60\\n60\\n\\nThe amounts in the table above are subject to change based, in part, on management’s review of a third-party valuation\\nof the assets acquired and liabilities assumed, which is expected to be completed in mid-2016.\\n\\n115\"},\"name\":\"fintabnet.HWM_2015_page_139__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":120613,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:HWM_2015\",\"dpi\":100,\"gt_sha256\":\"c76b72ace3a2b0fee6cdfd9b68a186b4edb2c0763257c4b0a01d100c24645bb2\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.HWM_2015_page_139__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.HWM_2015_page_139\",\"pdf_sha256\":\"effc344786c0146ca9407817fbd20f7d40025b4f35c72c6c8d908e5c7cd0c3db\",\"px\":[825,1075],\"scan\":{\"render\":\"00007ffc7ffc7ffc3ffc7ffe3ffc38023002300e3802303e11fe000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"HWM_2015_page_139\",\"src\":{\"file_sha256\":\"f80cba3748142b0c639a84862f8e9c59dff99bb79a998ac627b2814507119f97\",\"render\":\"00007ffc7ffc7ffc3fb87ffc3fe0380038003ffe3c007ffe3ffc000000000000\",\"text\":\"1ccc8fe3d2625b58f140e8c6dd8e34714ee32a6cf98fa47fc894c5b47fdf3159\"},\"stack\":[{\"deg\":1.307,\"op\":\"skew\"},{\"amp\":0.141,\"angle\":338.7,\"blob\":0.251,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":7.578},{\"gain\":0.735,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":59}],\"tools\":\"21647cade0ee\"},\"sha256\":\"effc344786c0146ca9407817fbd20f7d40025b4f35c72c6c8d908e5c7cd0c3db\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/effc344786c0146ca9407817fbd20f7d40025b4f35c72c6c8d908e5c7cd0c3db.pdf","asset_sha256":"effc344786c0146ca9407817fbd20f7d40025b4f35c72c6c8d908e5c7cd0c3db","document_id":"fintabnet:HWM_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HWM_2015_page_139\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"HWM_2015_page_163\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:HWM_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[79.2,69.5,527.8,82.2],\"lines\":[{\"bbox\":[79.2,69.5,527.8,82.2],\"text\":\"The operating results and assets of Alcoa’s reportable segments were as follows:\"}],\"order\":0,\"text\":\"The operating results and assets of Alcoa’s reportable segments were as follows:\"},{\"bbox\":[79.2,158.3,264.6,929.3],\"lines\":[{\"bbox\":[79.2,158.3,106.9,170.8],\"text\":\"2015\"},{\"bbox\":[79.2,174.6,112.3,187.3],\"text\":\"Sales:\"},{\"bbox\":[106.9,190.9,201.6,203.6],\"text\":\"Third-party sales\"},{\"bbox\":[106.9,207.2,210.1,220.0],\"text\":\"Intersegment sales\"},{\"bbox\":[106.9,226.3,166.8,239.1],\"text\":\"Total sales\"},{\"bbox\":[79.2,246.8,163.4,259.5],\"text\":\"Profit and loss:\"},{\"bbox\":[106.9,263.1,169.1,275.9],\"text\":\"Equity loss\"},{\"bbox\":[106.9,279.5,264.6,292.2],\"text\":\"Depreciation, depletion, and\"},{\"bbox\":[120.8,295.8,191.0,308.5],\"text\":\"amortization\"},{\"bbox\":[106.9,312.1,180.7,324.8],\"text\":\"Income taxes\"},{\"bbox\":[106.9,328.4,140.1,341.1],\"text\":\"ATOI\"},{\"bbox\":[79.2,347.5,106.9,360.1],\"text\":\"2014\"},{\"bbox\":[79.2,363.8,112.3,376.6],\"text\":\"Sales:\"},{\"bbox\":[106.9,380.2,201.6,392.9],\"text\":\"Third-party sales\"},{\"bbox\":[106.9,396.5,210.1,409.2],\"text\":\"Intersegment sales\"},{\"bbox\":[106.9,415.6,166.8,428.3],\"text\":\"Total sales\"},{\"bbox\":[79.2,436.1,163.4,448.8],\"text\":\"Profit and loss:\"},{\"bbox\":[106.9,452.4,169.1,465.1],\"text\":\"Equity loss\"},{\"bbox\":[106.9,468.7,264.6,481.4],\"text\":\"Depreciation, depletion, and\"},{\"bbox\":[120.8,485.0,191.0,497.7],\"text\":\"amortization\"},{\"bbox\":[106.9,501.3,180.7,514.1],\"text\":\"Income taxes\"},{\"bbox\":[106.9,517.7,140.1,530.4],\"text\":\"ATOI\"},{\"bbox\":[79.2,536.8,106.9,549.3],\"text\":\"2013\"},{\"bbox\":[79.2,553.1,112.3,565.8],\"text\":\"Sales:\"},{\"bbox\":[106.9,569.4,201.6,582.1],\"text\":\"Third-party sales\"},{\"bbox\":[106.9,585.7,210.1,598.4],\"text\":\"Intersegment sales\"},{\"bbox\":[106.9,604.8,166.8,617.5],\"text\":\"Total sales\"},{\"bbox\":[79.2,625.3,163.4,638.0],\"text\":\"Profit and loss:\"},{\"bbox\":[106.9,641.6,169.1,654.3],\"text\":\"Equity loss\"},{\"bbox\":[106.9,657.9,264.6,670.7],\"text\":\"Depreciation, depletion, and\"},{\"bbox\":[120.8,674.2,191.0,687.0],\"text\":\"amortization\"},{\"bbox\":[106.9,690.6,180.7,703.3],\"text\":\"Income taxes\"},{\"bbox\":[106.9,706.9,140.1,719.6],\"text\":\"ATOI\"},{\"bbox\":[79.2,726.0,106.9,738.5],\"text\":\"2015\"},{\"bbox\":[79.2,746.5,119.3,759.2],\"text\":\"Assets:\"},{\"bbox\":[106.9,762.8,221.6,775.5],\"text\":\"Capital expenditures\"},{\"bbox\":[106.9,779.1,213.9,791.8],\"text\":\"Equity investments\"},{\"bbox\":[106.9,795.4,159.4,808.2],\"text\":\"Goodwill\"},{\"bbox\":[106.9,811.8,172.2,824.5],\"text\":\"Total assets\"},{\"bbox\":[79.2,830.8,106.9,843.4],\"text\":\"2014\"},{\"bbox\":[79.2,851.3,119.3,864.1],\"text\":\"Assets:\"},{\"bbox\":[106.9,867.7,221.6,880.4],\"text\":\"Capital expenditures\"},{\"bbox\":[106.9,884.0,213.9,896.7],\"text\":\"Equity investments\"},{\"bbox\":[106.9,900.3,159.4,913.0],\"text\":\"Goodwill\"},{\"bbox\":[106.9,916.6,172.2,929.3],\"text\":\"Total assets\"}],\"order\":1,\"text\":\"2015\\nSales:\\nThird-party sales\\nIntersegment sales\\nTotal sales\\nProfit and loss:\\nEquity loss\\nDepreciation, depletion, and\\namortization\\nIncome taxes\\nATOI\\n2014\\nSales:\\nThird-party sales\\nIntersegment sales\\nTotal sales\\nProfit and loss:\\nEquity loss\\nDepreciation, depletion, and\\namortization\\nIncome taxes\\nATOI\\n2013\\nSales:\\nThird-party sales\\nIntersegment sales\\nTotal sales\\nProfit and loss:\\nEquity loss\\nDepreciation, depletion, and\\namortization\\nIncome taxes\\nATOI\\n2015\\nAssets:\\nCapital expenditures\\nEquity investments\\nGoodwill\\nTotal assets\\n2014\\nAssets:\\nCapital expenditures\\nEquity investments\\nGoodwill\\nTotal assets\"},{\"bbox\":[513.9,96.1,581.8,150.3],\"lines\":[{\"bbox\":[513.9,96.1,581.8,108.7],\"text\":\"Engineered\"},{\"bbox\":[521.2,110.0,574.4,122.6],\"text\":\"Products\"},{\"bbox\":[536.7,123.9,559.1,136.5],\"text\":\"and\"},{\"bbox\":[520.4,137.8,575.2,150.3],\"text\":\"Solutions\"}],\"order\":2,\"text\":\"Engineered\\nProducts\\nand\\nSolutions\"},{\"bbox\":[595.7,96.1,686.8,150.3],\"lines\":[{\"bbox\":[595.7,96.1,686.8,108.7],\"text\":\"Transportation\"},{\"bbox\":[630.1,110.0,652.5,122.6],\"text\":\"and\"},{\"bbox\":[602.2,123.9,680.2,136.5],\"text\":\"Construction\"},{\"bbox\":[613.8,137.8,668.6,150.3],\"text\":\"Solutions\"}],\"order\":3,\"text\":\"Transportation\\nand\\nConstruction\\nSolutions\"},{\"bbox\":[707.4,137.8,739.1,150.3],\"lines\":[{\"bbox\":[707.4,137.8,739.1,150.3],\"text\":\"Total\"}],\"order\":4,\"text\":\"Total\"},{\"bbox\":[317.0,137.8,368.7,150.3],\"lines\":[{\"bbox\":[317.0,137.8,368.7,150.3],\"text\":\"Alumina\"}],\"order\":5,\"text\":\"Alumina\"},{\"bbox\":[382.6,123.9,432.8,150.3],\"lines\":[{\"bbox\":[382.6,123.9,432.8,136.5],\"text\":\"Primary\"},{\"bbox\":[387.6,137.8,427.8,150.3],\"text\":\"Metals\"}],\"order\":6,\"text\":\"Primary\\nMetals\"},{\"bbox\":[446.7,110.0,500.0,150.3],\"lines\":[{\"bbox\":[453.3,110.0,493.4,122.6],\"text\":\"Global\"},{\"bbox\":[454.0,123.9,492.6,136.5],\"text\":\"Rolled\"},{\"bbox\":[446.7,137.8,500.0,150.3],\"text\":\"Products\"}],\"order\":7,\"text\":\"Global\\nRolled\\nProducts\"},{\"bbox\":[323.8,190.9,362.0,239.1],\"lines\":[{\"bbox\":[323.8,190.9,362.0,203.6],\"text\":\"$3,455\"},{\"bbox\":[330.8,207.2,362.0,220.0],\"text\":\"1,687\"},{\"bbox\":[323.8,226.3,362.0,239.1],\"text\":\"$5,142\"}],\"order\":8,\"text\":\"$3,455\\n1,687\\n$5,142\"},{\"bbox\":[388.7,190.9,426.9,239.1],\"lines\":[{\"bbox\":[388.7,190.9,426.9,203.6],\"text\":\"$5,591\"},{\"bbox\":[395.6,207.2,426.9,220.0],\"text\":\"2,170\"},{\"bbox\":[388.7,226.3,426.9,239.1],\"text\":\"$7,761\"}],\"order\":9,\"text\":\"$5,591\\n2,170\\n$7,761\"},{\"bbox\":[454.3,190.9,492.5,239.1],\"lines\":[{\"bbox\":[454.3,190.9,492.5,203.6],\"text\":\"$6,238\"},{\"bbox\":[471.7,207.2,492.5,220.0],\"text\":\"125\"},{\"bbox\":[454.3,226.3,492.5,239.1],\"text\":\"$6,363\"}],\"order\":10,\"text\":\"$6,238\\n125\\n$6,363\"},{\"bbox\":[525.3,190.9,570.4,239.1],\"lines\":[{\"bbox\":[525.3,190.9,570.4,203.6],\"text\":\"$ 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assets\\n\\nEngineered\\nProducts\\nand\\nSolutions\\n\\nTransportation\\nand\\nConstruction\\nSolutions\\n\\nTotal\\n\\nAlumina\\n\\nPrimary\\nMetals\\n\\nGlobal\\nRolled\\nProducts\\n\\n$3,455\\n1,687\\n$5,142\\n\\n$5,591\\n2,170\\n$7,761\\n\\n$6,238\\n125\\n$6,363\\n\\n$ 5,342\\n-\\n$ 5,342\\n\\n$1,882\\n-\\n$1,882\\n\\n$22,508\\n3,982\\n$26,490\\n\\n$ (41)\\n\\n$ (12)\\n\\n$ (32)\\n\\n$\\n\\n$\\n\\n$\\n\\n296\\n300\\n746\\n\\n429\\n(28)\\n155\\n\\n227\\n109\\n244\\n\\n233\\n282\\n595\\n\\n43\\n63\\n166\\n\\n1,228\\n726\\n1,906\\n\\n$3,509\\n1,941\\n$5,450\\n\\n$6,800\\n2,931\\n$9,731\\n\\n$7,351\\n185\\n$7,536\\n\\n$ 4,217\\n-\\n$ 4,217\\n\\n$2,021\\n-\\n$2,021\\n\\n$23,898\\n5,057\\n$28,955\\n\\n$ (29)\\n\\n$ (34)\\n\\n$ (27)\\n\\n$\\n\\n$\\n\\n$\\n\\n387\\n153\\n370\\n\\n494\\n203\\n594\\n\\n235\\n89\\n245\\n\\n137\\n298\\n579\\n\\n42\\n69\\n180\\n\\n1,295\\n812\\n1,968\\n\\n$3,326\\n2,235\\n$5,561\\n\\n$6,596\\n2,621\\n$9,217\\n\\n$7,106\\n178\\n$7,284\\n\\n$ 4,054\\n-\\n$ 4,054\\n\\n$1,951\\n-\\n$1,951\\n\\n$23,033\\n5,034\\n$28,067\\n\\n$\\n\\n(4)\\n\\n$ (51)\\n\\n$ (13)\\n\\n$\\n\\n$\\n\\n$\\n\\n426\\n66\\n259\\n\\n526\\n(74)\\n(20)\\n\\n226\\n123\\n292\\n\\n$ 184\\n667\\n6\\n6,165\\n\\n$ 156\\n634\\n-\\n7,324\\n\\n$ 307\\n217\\n201\\n4,498\\n\\n$\\n\\n383\\n-\\n4,660\\n10,732\\n\\n$ 246\\n669\\n8\\n7,350\\n\\n$ 176\\n890\\n-\\n9,308\\n\\n$ 389\\n226\\n210\\n4,908\\n\\n$\\n\\n139\\n\\n-\\n\\n-\\n\\n-\\n\\n124\\n286\\n569\\n\\n249\\n-\\n4,458\\n8,800\\n\\n-\\n\\n-\\n\\n-\\n\\n(85)\\n\\n(90)\\n\\n(68)\\n\\n42\\n67\\n167\\n\\n1,344\\n468\\n1,267\\n\\n$\\n\\n77\\n-\\n58\\n947\\n\\n$ 1,107\\n1,518\\n4,925\\n29,666\\n\\n$\\n\\n72\\n-\\n86\\n975\\n\\n$ 1,132\\n1,785\\n4,762\\n31,341\",\"name\":\"fintabnet.HWM_2015_page_163__100dpi_none\",\"page_id\":\"fintabnet.HWM_2015_page_163\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"HWM_2015_page_163\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[79.2,92.9,750.4,929.3],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88],\"cells\":null}],\"text\":\"The operating results and assets of Alcoa’s reportable segments were as follows:\\n\\n2015\\nSales:\\nThird-party sales\\nIntersegment sales\\nTotal sales\\nProfit and loss:\\nEquity loss\\nDepreciation, depletion, and\\namortization\\nIncome taxes\\nATOI\\n2014\\nSales:\\nThird-party sales\\nIntersegment sales\\nTotal sales\\nProfit and loss:\\nEquity loss\\nDepreciation, depletion, and\\namortization\\nIncome taxes\\nATOI\\n2013\\nSales:\\nThird-party sales\\nIntersegment sales\\nTotal sales\\nProfit and loss:\\nEquity loss\\nDepreciation, depletion, and\\namortization\\nIncome taxes\\nATOI\\n2015\\nAssets:\\nCapital expenditures\\nEquity investments\\nGoodwill\\nTotal assets\\n2014\\nAssets:\\nCapital expenditures\\nEquity investments\\nGoodwill\\nTotal assets\\n\\nEngineered\\nProducts\\nand\\nSolutions\\n\\nTransportation\\nand\\nConstruction\\nSolutions\\n\\nTotal\\n\\nAlumina\\n\\nPrimary\\nMetals\\n\\nGlobal\\nRolled\\nProducts\\n\\n$3,455\\n1,687\\n$5,142\\n\\n$5,591\\n2,170\\n$7,761\\n\\n$6,238\\n125\\n$6,363\\n\\n$ 5,342\\n-\\n$ 5,342\\n\\n$1,882\\n-\\n$1,882\\n\\n$22,508\\n3,982\\n$26,490\\n\\n$ (41)\\n\\n$ (12)\\n\\n$ 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389\\n226\\n210\\n4,908\\n\\n$\\n\\n139\\n\\n-\\n\\n-\\n\\n-\\n\\n124\\n286\\n569\\n\\n249\\n-\\n4,458\\n8,800\\n\\n-\\n\\n-\\n\\n-\\n\\n(85)\\n\\n(90)\\n\\n(68)\\n\\n42\\n67\\n167\\n\\n1,344\\n468\\n1,267\\n\\n$\\n\\n77\\n-\\n58\\n947\\n\\n$ 1,107\\n1,518\\n4,925\\n29,666\\n\\n$\\n\\n72\\n-\\n86\\n975\\n\\n$ 1,132\\n1,785\\n4,762\\n31,341\"},\"name\":\"fintabnet.HWM_2015_page_163__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":57063,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:HWM_2015\",\"dpi\":100,\"gt_sha256\":\"db9e92f39d22943102cf62ce52997fbc2ee4b5ba6d8ee0795a4c5a443affdaf5\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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Stock Option Agreement under 2000 Stock Option Plan for\\nNon-Employee Directors, incorporated by reference to Exhibit 10.2 to Registrant’s Report on Form 10-Q\\nfiled on November 9, 2004 (SEC File No. 001-04858).\"},{\"bbox\":[194.4,1293.3,306.3,1330.0],\"lines\":[{\"bbox\":[194.4,1293.3,306.3,1330.0],\"text\":\"*10.14\"}],\"order\":12,\"text\":\"*10.14\"},{\"bbox\":[487.5,1293.3,2108.6,1368.8],\"lines\":[{\"bbox\":[487.5,1293.3,2108.6,1330.0],\"text\":\"Restated and Amended Executive Separation Policy Document, as Amended through and including\"},{\"bbox\":[487.5,1332.2,777.1,1368.8],\"text\":\"February 6, 2014.\"}],\"order\":13,\"text\":\"Restated and Amended Executive Separation Policy Document, as Amended through and including\\nFebruary 6, 2014.\"},{\"bbox\":[194.4,1428.9,306.3,1465.5],\"lines\":[{\"bbox\":[194.4,1428.9,306.3,1465.5],\"text\":\"*10.15\"}],\"order\":14,\"text\":\"*10.15\"},{\"bbox\":[487.5,1428.9,2172.4,1581.7],\"lines\":[{\"bbox\":[487.5,1428.9,2053.4,1465.5],\"text\":\"Trust Agreement dated October 4, 2000 among Registrant, First Union National Bank and Buck\"},{\"bbox\":[487.6,1467.7,2151.1,1504.3],\"text\":\"Consultants Inc. approved by Registrant’s Board of Directors on September 12, 2000, incorporated by\"},{\"bbox\":[487.6,1506.5,2172.4,1543.1],\"text\":\"reference to Exhibit 10.21 to Registrant’s Report on Form 10-K filed on March 13, 2006 (SEC File No.\"},{\"bbox\":[487.6,1545.1,687.9,1581.7],\"text\":\"001-04858).\"}],\"order\":15,\"text\":\"Trust Agreement dated October 4, 2000 among Registrant, First Union National Bank and Buck\\nConsultants Inc. approved by Registrant’s Board of Directors on September 12, 2000, incorporated by\\nreference to Exhibit 10.21 to Registrant’s Report on Form 10-K filed on March 13, 2006 (SEC File No.\\n001-04858).\"},{\"bbox\":[194.4,1642.1,306.3,1678.7],\"lines\":[{\"bbox\":[194.4,1642.1,306.3,1678.7],\"text\":\"*10.16\"}],\"order\":16,\"text\":\"*10.16\"},{\"bbox\":[487.5,1642.1,2205.8,1794.9],\"lines\":[{\"bbox\":[487.5,1642.1,2116.5,1678.7],\"text\":\"Amendment dated August 2, 2005 to the Trust Agreement dated October 4, 2000 among Registrant,\"},{\"bbox\":[487.6,1680.9,2187.5,1717.5],\"text\":\"Wachovia Bank, N.A. 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(Nederland) B.V. and IFF Latin American\"},{\"bbox\":[487.6,2630.2,2194.5,2666.8],\"text\":\"Holdings (Espa³a) S.L., as borrowers, the banks, financial institutions and other institutional lenders and\"},{\"bbox\":[487.6,2669.0,2106.7,2705.6],\"text\":\"issuers of letters of credit party thereto, and Citibank, N.A. as administrative agent, incorporated by\"},{\"bbox\":[487.6,2707.6,1960.4,2744.2],\"text\":\"reference to Exhibit 10.1 to Registrantಬs Report on Form 8-K filed on November 16, 2011.\"}],\"order\":27,\"text\":\"Credit Agreement, dated as of November 9, 2011, among International Flavors & Fragrances Inc.,\\nInternational Flavors & Fragrances (Luxembourg) S.¢ r.l., International Flavors & Fragrances (Nederland)\\nHolding B.V., International Flavors & Fragrances I.F.F. (Nederland) B.V. and IFF Latin American\\nHoldings (Espa³a) S.L., as borrowers, the banks, financial institutions and other institutional lenders and\\nissuers of letters of credit party thereto, and Citibank, N.A. as administrative agent, incorporated by\\nreference to Exhibit 10.1 to Registrantಬs Report on Form 8-K filed on November 16, 2011.\"},{\"bbox\":[1186.2,3052.8,1225.2,3087.7],\"lines\":[{\"bbox\":[1186.2,3052.8,1225.2,3087.7],\"text\":\"94\"}],\"order\":28,\"text\":\"94\"}],\"doc\":\"fintabnet:IFF_2013\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"Exhibit\\nNumber\\n\\nDescription\\n\\n*10.9\\n\\nForm of U.S. Stock Settled Appreciation Rights Agreement under International Flavors & Fragrances Inc.\\n2000 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.6 to Registrant’s Report on\\nForm 10-Q filed on October 31, 2007 (SEC File No. 001-04858).\\n\\n*10.10\\n\\nForm of Restricted Stock Units Agreement under International Flavors & Fragrances Inc. 2000 Stock\\nAward and Incentive Plan incorporated by reference to Exhibit 10.2 to Registrant’s Report on Form 10-Q\\nfiled on August 5, 2009.\\n\\n*10.11\\n\\nForm of Purchased Restricted Stock Agreement under International Flavors & Fragrances Inc. 2000 Stock\\nAward and Incentive Plan incorporated by reference to Exhibit 10.1 to Registrant’s Report on Form 10-Q\\nfiled on August 5, 2009.\\n\\n*10.12\\n\\nForm of Employee Stock Option Agreement under International Flavors & Fragrances Inc. 2000 Stock\\nAward and Incentive Plan, incorporated by reference to Exhibit 10.1 to Registrant’s Report on Form 10-Q\\nfiled on November 9, 2004 (SEC File No. 001-04858).\\n\\n*10.13\\n\\nForm of International Flavors & Fragrances Inc. Stock Option Agreement under 2000 Stock Option Plan for\\nNon-Employee Directors, incorporated by reference to Exhibit 10.2 to Registrant’s Report on Form 10-Q\\nfiled on November 9, 2004 (SEC File No. 001-04858).\\n\\n*10.14\\n\\nRestated and Amended Executive Separation Policy Document, as Amended through and including\\nFebruary 6, 2014.\\n\\n*10.15\\n\\nTrust Agreement dated October 4, 2000 among Registrant, First Union National Bank and Buck\\nConsultants Inc. approved by Registrant’s Board of Directors on September 12, 2000, incorporated by\\nreference to Exhibit 10.21 to Registrant’s Report on Form 10-K filed on March 13, 2006 (SEC File No.\\n001-04858).\\n\\n*10.16\\n\\nAmendment dated August 2, 2005 to the Trust Agreement dated October 4, 2000 among Registrant,\\nWachovia Bank, N.A. (formerly First Union National Bank) and Buck Consultants LLC (formerly Buck\\nConsultants Inc.), incorporated by reference to Exhibit 10.1 to Registrant’s Report on Form 10-Q filed on\\nAugust 5, 2005 (SEC File No. 001-04858).\\n\\n*10.17\\n\\n2000 Stock Option Plan for Non-Employee Directors as amended and restated as of December 15, 2004,\\nincorporated by reference to Exhibit 10.2 to Registrant’s Report on Form 8-K filed on December 20, 2004\\n(SEC File No. 001-04858).\\n\\n*10.18\\n\\nAmendment No. 1, dated as of March 6, 2012, to the 2000 Stock Option Plan for Non-Employee Directors\\nas amended and restated as of December 15, 2004, incorporated by reference to Exhibit 10.20(a) to\\nRegistrants Report on Form 10-Q filed on May 8, 2012.\\n\\n*10.19\\n\\nDirector Charitable Contribution Program, adopted by the Board of Directors on December 8, 2009,\\nincorporated by reference to Exhibit 10.38 to Registrant’s Report on Form 10-K filed on February 25, 2010.\\n\\n10.20\\n\\nForm of Director/Officer Indemnification Agreement incorporated by reference to Exhibit 10.1 to\\nRegistrant’s Report on Form 8-K filed on July 28, 2008 (SEC File No. 001-04858).\\n\\n10.21\\n\\nCredit Agreement, dated as of November 9, 2011, among International Flavors & Fragrances Inc.,\\nInternational Flavors & Fragrances (Luxembourg) S.¢ r.l., International Flavors & Fragrances (Nederland)\\nHolding B.V., International Flavors & Fragrances I.F.F. (Nederland) B.V. and IFF Latin American\\nHoldings (Espa³a) S.L., as borrowers, the banks, financial institutions and other institutional lenders and\\nissuers of letters of credit party thereto, and Citibank, N.A. as administrative agent, incorporated by\\nreference to Exhibit 10.1 to Registrantಬs Report on Form 8-K filed on November 16, 2011.\\n\\n94\",\"name\":\"fintabnet.IFF_2013_page_101__300dpi_mild\",\"page_id\":\"fintabnet.IFF_2013_page_101\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"IFF_2013_page_101\",\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.508},{\"op\":\"noise\",\"sigma\":2.816},{\"gain\":0.873,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":84}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[159.5,294.7,2251.1,2708.2],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27],\"cells\":null}],\"text\":\"Exhibit\\nNumber\\n\\nDescription\\n\\n*10.9\\n\\nForm of U.S. Stock Settled Appreciation Rights Agreement under International Flavors & Fragrances Inc.\\n2000 Stock Award and Incentive Plan, incorporated by reference to Exhibit 10.6 to Registrant’s Report on\\nForm 10-Q filed on October 31, 2007 (SEC File No. 001-04858).\\n\\n*10.10\\n\\nForm of Restricted Stock Units Agreement under International Flavors & Fragrances Inc. 2000 Stock\\nAward and Incentive Plan incorporated by reference to Exhibit 10.2 to Registrant’s Report on Form 10-Q\\nfiled on August 5, 2009.\\n\\n*10.11\\n\\nForm of Purchased Restricted Stock Agreement under International Flavors & Fragrances Inc. 2000 Stock\\nAward and Incentive Plan incorporated by reference to Exhibit 10.1 to Registrant’s Report on Form 10-Q\\nfiled on August 5, 2009.\\n\\n*10.12\\n\\nForm of Employee Stock Option Agreement under International Flavors & Fragrances Inc. 2000 Stock\\nAward and Incentive Plan, incorporated by reference to Exhibit 10.1 to Registrant’s Report on Form 10-Q\\nfiled on November 9, 2004 (SEC File No. 001-04858).\\n\\n*10.13\\n\\nForm of International Flavors & Fragrances Inc. Stock Option Agreement under 2000 Stock Option Plan for\\nNon-Employee Directors, incorporated by reference to Exhibit 10.2 to Registrant’s Report on Form 10-Q\\nfiled on November 9, 2004 (SEC File No. 001-04858).\\n\\n*10.14\\n\\nRestated and Amended Executive Separation Policy Document, as Amended through and including\\nFebruary 6, 2014.\\n\\n*10.15\\n\\nTrust Agreement dated October 4, 2000 among Registrant, First Union National Bank and Buck\\nConsultants Inc. approved by Registrant’s Board of Directors on September 12, 2000, incorporated by\\nreference to Exhibit 10.21 to Registrant’s Report on Form 10-K filed on March 13, 2006 (SEC File No.\\n001-04858).\\n\\n*10.16\\n\\nAmendment dated August 2, 2005 to the Trust Agreement dated October 4, 2000 among Registrant,\\nWachovia Bank, N.A. (formerly First Union National Bank) and Buck Consultants LLC (formerly Buck\\nConsultants Inc.), incorporated by reference to Exhibit 10.1 to Registrant’s Report on Form 10-Q filed on\\nAugust 5, 2005 (SEC File No. 001-04858).\\n\\n*10.17\\n\\n2000 Stock Option Plan for Non-Employee Directors as amended and restated as of December 15, 2004,\\nincorporated by reference to Exhibit 10.2 to Registrant’s Report on Form 8-K filed on December 20, 2004\\n(SEC File No. 001-04858).\\n\\n*10.18\\n\\nAmendment No. 1, dated as of March 6, 2012, to the 2000 Stock Option Plan for Non-Employee Directors\\nas amended and restated as of December 15, 2004, incorporated by reference to Exhibit 10.20(a) to\\nRegistrants Report on Form 10-Q filed on May 8, 2012.\\n\\n*10.19\\n\\nDirector Charitable Contribution Program, adopted by the Board of Directors on December 8, 2009,\\nincorporated by reference to Exhibit 10.38 to Registrant’s Report on Form 10-K filed on February 25, 2010.\\n\\n10.20\\n\\nForm of Director/Officer Indemnification Agreement incorporated by reference to Exhibit 10.1 to\\nRegistrant’s Report on Form 8-K filed on July 28, 2008 (SEC File No. 001-04858).\\n\\n10.21\\n\\nCredit Agreement, dated as of November 9, 2011, among International Flavors & Fragrances Inc.,\\nInternational Flavors & Fragrances (Luxembourg) S.¢ r.l., International Flavors & Fragrances (Nederland)\\nHolding B.V., International Flavors & Fragrances I.F.F. (Nederland) B.V. and IFF Latin American\\nHoldings (Espa³a) S.L., as borrowers, the banks, financial institutions and other institutional lenders and\\nissuers of letters of credit party thereto, and Citibank, N.A. as administrative agent, incorporated by\\nreference to Exhibit 10.1 to Registrantಬs Report on Form 8-K filed on November 16, 2011.\\n\\n94\"},\"name\":\"fintabnet.IFF_2013_page_101__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":714366,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:IFF_2013\",\"dpi\":300,\"gt_sha256\":\"9b98393be4ca0dd628fce22139baa97034f2f60775d41142d721d28840d90d8d\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.IFF_2013_page_101__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.IFF_2013_page_101\",\"pdf_sha256\":\"b2a8b082d36cd84318c4143829039544889fe4a1ec93312dbe42e6fe14306b9c\",\"px\":[2475,3225],\"scan\":{\"render\":\"000000001ffc1ffc1ffc1ffc1d801ffc1ffc1ffc1ffc1ff81ffc1ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"IFF_2013_page_101\",\"src\":{\"file_sha256\":\"930e6b3517cf47c2594d12815d87fd53d7ba83b1a297eef50c1cefabea9370f8\",\"render\":\"000000005ffc1ff81ffc1ffc1ff81ff81ffc1ffc1ff81ff81ff81ff800000000\",\"text\":\"daf6d6bddcd6bf20ca2ccaad50e6fbbb33c8ede4ce513370373452ac322f3f6c\"},\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.508},{\"op\":\"noise\",\"sigma\":2.816},{\"gain\":0.873,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":84}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b2a8b082d36cd84318c4143829039544889fe4a1ec93312dbe42e6fe14306b9c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b2a8b082d36cd84318c4143829039544889fe4a1ec93312dbe42e6fe14306b9c.pdf","asset_sha256":"b2a8b082d36cd84318c4143829039544889fe4a1ec93312dbe42e6fe14306b9c","document_id":"fintabnet:IFF_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IFF_2013_page_101\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IFF_2016_page_120\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:IFF_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[321.4,248.8,2212.1,448.4],\"lines\":[{\"bbox\":[407.5,251.2,2187.4,347.8],\"text\":\"The following table shows the effect of the Company’s derivative instruments designated as cash flow and\"},{\"bbox\":[322.8,298.8,2210.7,398.4],\"text\":\"net investment hedging instruments in the Consolidated Statement of Income and Comprehensive Income for the\"},{\"bbox\":[321.4,348.8,1526.6,429.2],\"text\":\"years ended December 31, 2016 and December 31, 2015 (in thousands):\"}],\"order\":0,\"text\":\"The following table shows the effect of the Company’s derivative instruments designated as cash flow and\\nnet investment hedging instruments in the Consolidated Statement of Income and Comprehensive Income for the\\nyears ended December 31, 2016 and December 31, 2015 (in thousands):\"},{\"bbox\":[1581.7,607.6,1866.6,787.0],\"lines\":[{\"bbox\":[1585.5,607.6,1866.6,653.7],\"text\":\"Location of Gain or\"},{\"bbox\":[1593.0,641.1,1857.7,686.8],\"text\":\"(Loss) Reclassified\"},{\"bbox\":[1590.0,674.4,1858.4,720.2],\"text\":\"from Accumulated\"},{\"bbox\":[1602.6,708.1,1844.1,753.1],\"text\":\"OCI into Income\"},{\"bbox\":[1590.2,741.1,1854.7,786.8],\"text\":\"(Effective Portion)\"}],\"order\":1,\"text\":\"Location of Gain or\\n(Loss) Reclassified\\nfrom Accumulated\\nOCI into Income\\n(Effective Portion)\"},{\"bbox\":[1923.9,483.9,2214.6,796.7],\"lines\":[{\"bbox\":[1937.0,484.1,2209.0,530.0],\"text\":\"Amount of Gain or\"},{\"bbox\":[1940.0,517.5,2204.7,563.2],\"text\":\"(Loss) Reclassified\"},{\"bbox\":[1937.0,550.8,2205.4,596.6],\"text\":\"from Accumulated\"},{\"bbox\":[1949.6,584.5,2191.1,629.5],\"text\":\"OCI into Income\"},{\"bbox\":[1937.2,617.5,2201.7,663.2],\"text\":\"(Effective Portion)\"},{\"bbox\":[1926.2,667.2,2209.4,713.4],\"text\":\"For the years ended\"},{\"bbox\":[1969.2,701.8,2164.6,745.5],\"text\":\"December 31,\"},{\"bbox\":[1943.2,751.0,2010.9,791.2],\"text\":\"2016\"},{\"bbox\":[2109.8,755.7,2177.5,795.9],\"text\":\"2015\"}],\"order\":2,\"text\":\"Amount of Gain or\\n(Loss) Reclassified\\nfrom Accumulated\\nOCI into Income\\n(Effective Portion)\\nFor the years ended\\nDecember 31,\\n2016\\n2015\"},{\"bbox\":[305.4,764.0,1176.7,986.1],\"lines\":[{\"bbox\":[309.7,764.0,917.5,828.9],\"text\":\"Derivatives in Cash Flow Hedging\"},{\"bbox\":[349.9,815.2,605.8,870.1],\"text\":\"Relationships:\"},{\"bbox\":[306.8,865.3,1173.9,936.2],\"text\":\"Foreign currency contract . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[305.4,915.2,1172.4,986.1],\"text\":\"Interest rate swaps (1) . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":3,\"text\":\"Derivatives in Cash Flow Hedging\\nRelationships:\\nForeign currency contract . . . . . . . . . . . . . . . . . . . .\\nInterest rate swaps (1) . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1212.8,890.8,1874.1,1005.8],\"lines\":[{\"bbox\":[1214.2,890.8,1874.1,955.9],\"text\":\"$ 1,591 $(3,244) Cost of goods sold\"},{\"bbox\":[1240.5,941.6,1363.2,991.5],\"text\":\"(3,388)\"},{\"bbox\":[1455.8,947.6,1831.2,1004.7],\"text\":\"274 Interest expense\"}],\"order\":4,\"text\":\"$ 1,591 $(3,244) Cost of goods sold\\n(3,388)\\n274 Interest expense\"},{\"bbox\":[1913.1,910.5,2221.2,1015.6],\"lines\":[{\"bbox\":[1914.5,910.5,2207.4,965.2],\"text\":\"$4,726 $16,250\"},{\"bbox\":[1951.2,961.6,2042.8,1010.6],\"text\":\"(595)\"},{\"bbox\":[2128.3,966.5,2219.8,1015.6],\"text\":\"(274)\"}],\"order\":5,\"text\":\"$4,726 $16,250\\n(595)\\n(274)\"},{\"bbox\":[299.1,988.9,1170.4,1211.0],\"lines\":[{\"bbox\":[303.3,988.9,994.9,1056.2],\"text\":\"Derivatives in Net Investment Hedging\"},{\"bbox\":[343.6,1040.1,599.5,1095.1],\"text\":\"Relationships:\"},{\"bbox\":[300.5,1090.2,1167.5,1161.1],\"text\":\"Foreign currency contract . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[299.1,1140.2,1166.1,1211.0],\"text\":\"Euro Senior notes — 2016 . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Derivatives in Net Investment Hedging\\nRelationships:\\nForeign currency contract . . . . . . . . . . . . . . . . . . . .\\nEuro Senior notes — 2016 . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1227.3,1116.3,1344.5,1216.0],\"lines\":[{\"bbox\":[1249.5,1116.9,1344.5,1166.0],\"text\":\"3,230\"},{\"bbox\":[1227.3,1166.3,1343.1,1216.0],\"text\":\"32,897\"}],\"order\":7,\"text\":\"3,230\\n32,897\"},{\"bbox\":[1418.2,1121.7,1514.7,1220.8],\"lines\":[{\"bbox\":[1419.7,1121.7,1514.7,1170.8],\"text\":\"5,231\"},{\"bbox\":[1449.5,1172.5,1492.4,1220.2],\"text\":\"—\"}],\"order\":8,\"text\":\"5,231\\n—\"},{\"bbox\":[297.2,1205.5,1164.3,1277.7],\"lines\":[{\"bbox\":[297.2,1205.5,1164.3,1277.7],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1204.6,1232.3,1341.3,1282.7],\"lines\":[{\"bbox\":[1204.6,1232.3,1341.3,1282.7],\"text\":\"$34,330\"}],\"order\":10,\"text\":\"$34,330\"},{\"bbox\":[1381.6,1237.3,1511.4,1287.5],\"lines\":[{\"bbox\":[1381.6,1237.3,1511.4,1287.5],\"text\":\"$ 2,261\"}],\"order\":11,\"text\":\"$ 2,261\"},{\"bbox\":[1224.6,497.6,1526.3,777.3],\"lines\":[{\"bbox\":[1242.8,497.9,1514.8,543.8],\"text\":\"Amount of Gain or\"},{\"bbox\":[1230.2,530.9,1525.4,577.4],\"text\":\"(Loss) Recognized in\"},{\"bbox\":[1245.1,564.7,1508.9,610.3],\"text\":\"OCI on Derivative\"},{\"bbox\":[1243.7,598.0,1508.2,643.6],\"text\":\"(Effective Portion)\"},{\"bbox\":[1232.9,647.7,1516.2,693.9],\"text\":\"For the years ended\"},{\"bbox\":[1275.9,682.2,1471.3,726.0],\"text\":\"December 31,\"},{\"bbox\":[1253.3,731.6,1321.0,771.8],\"text\":\"2016\"},{\"bbox\":[1426.8,736.5,1494.5,776.6],\"text\":\"2015\"}],\"order\":12,\"text\":\"Amount of Gain or\\n(Loss) Recognized in\\nOCI on Derivative\\n(Effective Portion)\\nFor the years ended\\nDecember 31,\\n2016\\n2015\"},{\"bbox\":[1553.6,1125.5,1628.0,1224.0],\"lines\":[{\"bbox\":[1555.0,1125.5,1628.0,1174.0],\"text\":\"N/A\"},{\"bbox\":[1553.6,1175.5,1626.6,1224.0],\"text\":\"N/A\"}],\"order\":13,\"text\":\"N/A\\nN/A\"},{\"bbox\":[1958.9,1136.9,2003.2,1234.6],\"lines\":[{\"bbox\":[1960.3,1136.9,2003.2,1184.6],\"text\":\"—\"},{\"bbox\":[1958.9,1186.9,2001.8,1234.6],\"text\":\"—\"}],\"order\":14,\"text\":\"—\\n—\"},{\"bbox\":[2135.9,1141.9,2180.2,1239.5],\"lines\":[{\"bbox\":[2137.3,1141.9,2180.2,1189.6],\"text\":\"—\"},{\"bbox\":[2135.9,1191.9,2178.8,1239.5],\"text\":\"—\"}],\"order\":15,\"text\":\"—\\n—\"},{\"bbox\":[1904.9,1252.0,2020.8,1301.8],\"lines\":[{\"bbox\":[1904.9,1252.0,2020.8,1301.8],\"text\":\"$4,131\"}],\"order\":16,\"text\":\"$4,131\"},{\"bbox\":[2061.1,1256.4,2197.8,1306.8],\"lines\":[{\"bbox\":[2061.1,1256.4,2197.8,1306.8],\"text\":\"$15,976\"}],\"order\":17,\"text\":\"$15,976\"},{\"bbox\":[294.2,1315.1,1390.4,1392.4],\"lines\":[{\"bbox\":[294.2,1315.1,1390.4,1392.4],\"text\":\"(1) Interest rate swaps were entered into as pre-issuance hedges.\"}],\"order\":18,\"text\":\"(1) Interest rate swaps were entered into as pre-issuance hedges.\"},{\"bbox\":[290.0,1415.1,2175.3,1564.5],\"lines\":[{\"bbox\":[374.7,1417.4,2175.3,1514.6],\"text\":\"The ineffective portion of the above noted cash flow hedges and net investment hedges was not material for\"},{\"bbox\":[290.0,1465.0,1063.5,1533.3],\"text\":\"the years ended December 31, 2016 and 2015.\"}],\"order\":19,\"text\":\"The ineffective portion of the above noted cash flow hedges and net investment hedges was not material for\\nthe years ended December 31, 2016 and 2015.\"},{\"bbox\":[284.3,1565.0,2087.6,1762.1],\"lines\":[{\"bbox\":[370.5,1567.3,2087.6,1662.1],\"text\":\"The Company expects approximately $4.1 million (net of tax), of derivative gains included in AOCI at\"},{\"bbox\":[285.7,1615.0,2072.6,1711.7],\"text\":\"December 31, 2016, based on current market rates, will be reclassified into earnings within the next twelve\"},{\"bbox\":[284.3,1665.0,1976.4,1759.1],\"text\":\"months. The majority of this amount will vary due to fluctuations in foreign currency exchange rates.\"}],\"order\":20,\"text\":\"The Company expects approximately $4.1 million (net of tax), of derivative gains included in AOCI at\\nDecember 31, 2016, based on current market rates, will be reclassified into earnings within the next twelve\\nmonths. The majority of this amount will vary due to fluctuations in foreign currency exchange rates.\"},{\"bbox\":[281.5,1763.6,463.2,1816.5],\"lines\":[{\"bbox\":[281.5,1763.6,463.2,1816.5],\"text\":\"NOTE 16.\"}],\"order\":21,\"text\":\"NOTE 16.\"},{\"bbox\":[503.5,1769.9,1711.4,1851.6],\"lines\":[{\"bbox\":[503.5,1769.9,1711.4,1851.6],\"text\":\"ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)\"}],\"order\":22,\"text\":\"ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)\"},{\"bbox\":[276.6,1839.9,2042.4,2035.9],\"lines\":[{\"bbox\":[362.7,1842.2,1947.8,1933.3],\"text\":\"The following tables present changes in the accumulated balances for each component of other\"},{\"bbox\":[278.0,1889.9,2041.0,1986.0],\"text\":\"comprehensive income, including current period other comprehensive income and reclassifications out of\"},{\"bbox\":[276.6,1939.8,992.7,2006.5],\"text\":\"accumulated other comprehensive income:\"}],\"order\":23,\"text\":\"The following tables present changes in the accumulated balances for each component of other\\ncomprehensive income, including current period other comprehensive income and reclassifications out of\\naccumulated other comprehensive income:\"},{\"bbox\":[1232.6,2056.6,1417.9,2200.0],\"lines\":[{\"bbox\":[1270.4,2057.6,1382.5,2099.0],\"text\":\"Foreign\"},{\"bbox\":[1256.5,2090.6,1394.6,2132.7],\"text\":\"Currency\"},{\"bbox\":[1240.8,2123.5,1408.5,2166.4],\"text\":\"Translation\"},{\"bbox\":[1232.6,2156.6,1415.0,2200.0],\"text\":\"Adjustments\"}],\"order\":24,\"text\":\"Foreign\\nCurrency\\nTranslation\\nAdjustments\"},{\"bbox\":[1455.4,2062.9,1708.8,2208.2],\"lines\":[{\"bbox\":[1458.2,2062.9,1708.8,2108.2],\"text\":\"(Losses) Gains on\"},{\"bbox\":[1501.6,2097.5,1663.7,2140.3],\"text\":\"Derivatives\"},{\"bbox\":[1486.3,2130.4,1676.8,2174.0],\"text\":\"Qualifying as\"},{\"bbox\":[1528.3,2164.9,1633.0,2206.1],\"text\":\"Hedges\"}],\"order\":25,\"text\":\"(Losses) Gains on\\nDerivatives\\nQualifying as\\nHedges\"},{\"bbox\":[1746.6,2071.1,1963.2,2215.3],\"lines\":[{\"bbox\":[1768.9,2071.7,1943.0,2114.8],\"text\":\"Pension and\"},{\"bbox\":[1748.4,2104.4,1962.3,2148.7],\"text\":\"Postretirement\"},{\"bbox\":[1792.7,2139.0,1916.0,2180.7],\"text\":\"Liability\"},{\"bbox\":[1768.6,2171.7,1938.1,2214.7],\"text\":\"Adjustment\"}],\"order\":26,\"text\":\"Pension and\\nPostretirement\\nLiability\\nAdjustment\"},{\"bbox\":[2047.7,2179.5,2124.6,2219.9],\"lines\":[{\"bbox\":[2047.7,2179.5,2124.6,2219.9],\"text\":\"Total\"}],\"order\":27,\"text\":\"Total\"},{\"bbox\":[263.9,2238.4,1188.9,2462.1],\"lines\":[{\"bbox\":[268.2,2238.4,1161.2,2311.3],\"text\":\"Accumulated other comprehensive loss, net of tax,\"},{\"bbox\":[308.4,2289.6,1187.5,2362.1],\"text\":\"as of December 31, 2015 . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[348.7,2342.0,1186.1,2412.1],\"text\":\"OCI before reclassifications . . . . . . . . . . . . . . . . .\"},{\"bbox\":[347.2,2392.0,1184.7,2462.1],\"text\":\"Amounts reclassified from AOCI . . . . . . . . . . . . .\"}],\"order\":28,\"text\":\"Accumulated other comprehensive loss, net of tax,\\nas of December 31, 2015 . . . . . . . . . . . . . . . . . . . . .\\nOCI before reclassifications . . . . . . . . . . . . . . . . .\\nAmounts reclassified from AOCI . . . . . . . . . . . . .\"},{\"bbox\":[1230.6,2316.9,1418.7,2468.6],\"lines\":[{\"bbox\":[1233.5,2316.9,1418.7,2368.6],\"text\":\"$(297,499)\"},{\"bbox\":[1273.7,2368.1,1417.3,2418.6],\"text\":\"(54,526)\"},{\"bbox\":[1338.3,2419.9,1381.3,2467.6],\"text\":\"—\"}],\"order\":29,\"text\":\"$(297,499)\\n(54,526)\\n—\"},{\"bbox\":[1508.5,2324.7,1654.9,2475.2],\"lines\":[{\"bbox\":[1511.3,2324.7,1641.1,2374.9],\"text\":\"$ 9,401\"},{\"bbox\":[1544.6,2375.7,1639.7,2424.8],\"text\":\"2,334\"},{\"bbox\":[1529.3,2425.3,1652.0,2475.2],\"text\":\"(4,131)\"}],\"order\":30,\"text\":\"$ 9,401\\n2,334\\n(4,131)\"},{\"bbox\":[1760.2,2331.8,1948.3,2483.5],\"lines\":[{\"bbox\":[1763.0,2331.8,1948.3,2383.5],\"text\":\"$(325,342)\"},{\"bbox\":[1803.3,2383.0,1946.9,2433.5],\"text\":\"(21,111)\"},{\"bbox\":[1815.8,2433.3,1931.7,2483.1],\"text\":\"10,779\"}],\"order\":31,\"text\":\"$(325,342)\\n(21,111)\\n10,779\"},{\"bbox\":[1993.1,2338.4,2181.1,2490.0],\"lines\":[{\"bbox\":[1995.9,2338.4,2181.1,2390.1],\"text\":\"$(613,440)\"},{\"bbox\":[2036.1,2389.5,2179.7,2440.0],\"text\":\"(73,303)\"},{\"bbox\":[2069.5,2440.5,2164.5,2489.6],\"text\":\"6,648\"}],\"order\":32,\"text\":\"$(613,440)\\n(73,303)\\n6,648\"},{\"bbox\":[260.7,2455.0,1182.8,2578.7],\"lines\":[{\"bbox\":[262.1,2455.0,1116.6,2526.8],\"text\":\"Net current period other comprehensive income\"},{\"bbox\":[302.3,2506.2,1181.4,2578.7],\"text\":\"(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":33,\"text\":\"Net current period other comprehensive income\\n(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1269.0,2534.7,1412.6,2585.2],\"lines\":[{\"bbox\":[1269.0,2534.7,1412.6,2585.2],\"text\":\"(54,526)\"}],\"order\":34,\"text\":\"(54,526)\"},{\"bbox\":[1526.0,2541.9,1648.8,2591.8],\"lines\":[{\"bbox\":[1526.0,2541.9,1648.8,2591.8],\"text\":\"(1,797)\"}],\"order\":35,\"text\":\"(1,797)\"},{\"bbox\":[1798.6,2549.6,1942.2,2600.1],\"lines\":[{\"bbox\":[1798.6,2549.6,1942.2,2600.1],\"text\":\"(10,332)\"}],\"order\":36,\"text\":\"(10,332)\"},{\"bbox\":[2031.4,2556.1,2175.0,2606.6],\"lines\":[{\"bbox\":[2031.4,2556.1,2175.0,2606.6],\"text\":\"(66,655)\"}],\"order\":37,\"text\":\"(66,655)\"},{\"bbox\":[257.4,2571.6,1179.6,2695.3],\"lines\":[{\"bbox\":[258.8,2571.6,1151.8,2644.5],\"text\":\"Accumulated other comprehensive loss, net of tax,\"},{\"bbox\":[299.0,2622.8,1178.2,2695.3],\"text\":\"as of December 31, 2016 . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":38,\"text\":\"Accumulated other comprehensive loss, net of tax,\\nas of December 31, 2016 . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1224.1,2650.1,1409.3,2701.8],\"lines\":[{\"bbox\":[1224.1,2650.1,1409.3,2701.8],\"text\":\"$(352,025)\"}],\"order\":39,\"text\":\"$(352,025)\"},{\"bbox\":[1501.9,2657.9,1631.7,2708.1],\"lines\":[{\"bbox\":[1501.9,2657.9,1631.7,2708.1],\"text\":\"$ 7,604\"}],\"order\":40,\"text\":\"$ 7,604\"},{\"bbox\":[1753.7,2665.0,1938.9,2716.7],\"lines\":[{\"bbox\":[1753.7,2665.0,1938.9,2716.7],\"text\":\"$(335,674)\"}],\"order\":41,\"text\":\"$(335,674)\"},{\"bbox\":[1986.5,2671.6,2171.7,2723.3],\"lines\":[{\"bbox\":[1986.5,2671.6,2171.7,2723.3],\"text\":\"$(680,095)\"}],\"order\":42,\"text\":\"$(680,095)\"},{\"bbox\":[270.1,2181.1,676.8,2229.2],\"lines\":[{\"bbox\":[270.1,2181.1,676.8,2229.2],\"text\":\"(DOLLARS IN THOUSANDS)\"}],\"order\":43,\"text\":\"(DOLLARS IN THOUSANDS)\"},{\"bbox\":[1168.0,2923.6,1231.8,2971.9],\"lines\":[{\"bbox\":[1168.0,2923.6,1231.8,2971.9],\"text\":\"104\"}],\"order\":44,\"text\":\"104\"}],\"doc\":\"fintabnet:IFF_2016\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"The following table shows the effect of the Company’s derivative instruments designated as cash flow and\\nnet investment hedging instruments in the Consolidated Statement of Income and Comprehensive Income for the\\nyears ended December 31, 2016 and December 31, 2015 (in thousands):\\n\\nLocation of Gain or\\n(Loss) Reclassified\\nfrom Accumulated\\nOCI into Income\\n(Effective Portion)\\n\\nAmount of Gain or\\n(Loss) Reclassified\\nfrom Accumulated\\nOCI into Income\\n(Effective Portion)\\nFor the years ended\\nDecember 31,\\n2016\\n2015\\n\\nDerivatives in Cash Flow Hedging\\nRelationships:\\nForeign currency contract . . . . . . . . . . . . . . . . . . . .\\nInterest rate swaps (1) . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 1,591 $(3,244) Cost of goods sold\\n(3,388)\\n274 Interest expense\\n\\n$4,726 $16,250\\n(595)\\n(274)\\n\\nDerivatives in Net Investment Hedging\\nRelationships:\\nForeign currency contract . . . . . . . . . . . . . . . . . . . .\\nEuro Senior notes — 2016 . . . . . . . . . . . . . . . . . . . .\\n\\n3,230\\n32,897\\n\\n5,231\\n—\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$34,330\\n\\n$ 2,261\\n\\nAmount of Gain or\\n(Loss) Recognized in\\nOCI on Derivative\\n(Effective Portion)\\nFor the years ended\\nDecember 31,\\n2016\\n2015\\n\\nN/A\\nN/A\\n\\n—\\n—\\n\\n—\\n—\\n\\n$4,131\\n\\n$15,976\\n\\n(1) Interest rate swaps were entered into as pre-issuance hedges.\\n\\nThe ineffective portion of the above noted cash flow hedges and net investment hedges was not material for\\nthe years ended December 31, 2016 and 2015.\\n\\nThe Company expects approximately $4.1 million (net of tax), of derivative gains included in AOCI at\\nDecember 31, 2016, based on current market rates, will be reclassified into earnings within the next twelve\\nmonths. The majority of this amount will vary due to fluctuations in foreign currency exchange rates.\\n\\nNOTE 16.\\n\\nACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)\\n\\nThe following tables present changes in the accumulated balances for each component of other\\ncomprehensive income, including current period other comprehensive income and reclassifications out of\\naccumulated other comprehensive income:\\n\\nForeign\\nCurrency\\nTranslation\\nAdjustments\\n\\n(Losses) Gains on\\nDerivatives\\nQualifying as\\nHedges\\n\\nPension and\\nPostretirement\\nLiability\\nAdjustment\\n\\nTotal\\n\\nAccumulated other comprehensive loss, net of tax,\\nas of December 31, 2015 . . . . . . . . . . . . . . . . . . . . .\\nOCI before reclassifications . . . . . . . . . . . . . . . . .\\nAmounts reclassified from AOCI . . . . . . . . . . . . .\\n\\n$(297,499)\\n(54,526)\\n—\\n\\n$ 9,401\\n2,334\\n(4,131)\\n\\n$(325,342)\\n(21,111)\\n10,779\\n\\n$(613,440)\\n(73,303)\\n6,648\\n\\nNet current period other comprehensive income\\n(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(54,526)\\n\\n(1,797)\\n\\n(10,332)\\n\\n(66,655)\\n\\nAccumulated other comprehensive loss, net of tax,\\nas of December 31, 2016 . . . . . . . . . . . . . . . . . . . . .\\n\\n$(352,025)\\n\\n$ 7,604\\n\\n$(335,674)\\n\\n$(680,095)\\n\\n(DOLLARS IN THOUSANDS)\\n\\n104\",\"name\":\"fintabnet.IFF_2016_page_120__300dpi_medium\",\"page_id\":\"fintabnet.IFF_2016_page_120\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.612,\"source\":\"fintabnet\",\"source_id\":\"IFF_2016_page_120\",\"stack\":[{\"deg\":-1.612,\"op\":\"skew\"},{\"amp\":0.094,\"angle\":159.3,\"blob\":0.308,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":2.101,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":7.47},{\"gain\":0.707,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":0.017,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[257.4,2029.6,2188.4,2723.3],\"block_orders\":[24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43],\"cells\":null}],\"text\":\"The following table shows the effect of the Company’s derivative instruments designated as cash flow and\\nnet investment hedging instruments in the Consolidated Statement of Income and Comprehensive Income for the\\nyears ended December 31, 2016 and December 31, 2015 (in thousands):\\n\\nLocation of Gain or\\n(Loss) Reclassified\\nfrom Accumulated\\nOCI into Income\\n(Effective Portion)\\n\\nAmount of Gain or\\n(Loss) Reclassified\\nfrom Accumulated\\nOCI into Income\\n(Effective Portion)\\nFor the years ended\\nDecember 31,\\n2016\\n2015\\n\\nDerivatives in Cash Flow Hedging\\nRelationships:\\nForeign currency contract . . . . . . . . . . . . . . . . . . . .\\nInterest rate swaps (1) . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 1,591 $(3,244) Cost of goods sold\\n(3,388)\\n274 Interest expense\\n\\n$4,726 $16,250\\n(595)\\n(274)\\n\\nDerivatives in Net Investment Hedging\\nRelationships:\\nForeign currency contract . . . . . . . . . . . . . . . . . . . .\\nEuro Senior notes — 2016 . . . . . . . . . . . . . . . . . . . .\\n\\n3,230\\n32,897\\n\\n5,231\\n—\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$34,330\\n\\n$ 2,261\\n\\nAmount of Gain or\\n(Loss) Recognized in\\nOCI on Derivative\\n(Effective Portion)\\nFor the years ended\\nDecember 31,\\n2016\\n2015\\n\\nN/A\\nN/A\\n\\n—\\n—\\n\\n—\\n—\\n\\n$4,131\\n\\n$15,976\\n\\n(1) Interest rate swaps were entered into as pre-issuance hedges.\\n\\nThe ineffective portion of the above noted cash flow hedges and net investment hedges was not material for\\nthe years ended December 31, 2016 and 2015.\\n\\nThe Company expects approximately $4.1 million (net of tax), of derivative gains included in AOCI at\\nDecember 31, 2016, based on current market rates, will be reclassified into earnings within the next twelve\\nmonths. The majority of this amount will vary due to fluctuations in foreign currency exchange rates.\\n\\nNOTE 16.\\n\\nACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)\\n\\nThe following tables present changes in the accumulated balances for each component of other\\ncomprehensive income, including current period other comprehensive income and reclassifications out of\\naccumulated other comprehensive income:\\n\\nForeign\\nCurrency\\nTranslation\\nAdjustments\\n\\n(Losses) Gains on\\nDerivatives\\nQualifying as\\nHedges\\n\\nPension and\\nPostretirement\\nLiability\\nAdjustment\\n\\nTotal\\n\\nAccumulated other comprehensive loss, net of tax,\\nas of December 31, 2015 . . . . . . . . . . . . . . . . . . . . .\\nOCI before reclassifications . . . . . . . . . . . . . . . . .\\nAmounts reclassified from AOCI . . . . . . . . . . . . .\\n\\n$(297,499)\\n(54,526)\\n—\\n\\n$ 9,401\\n2,334\\n(4,131)\\n\\n$(325,342)\\n(21,111)\\n10,779\\n\\n$(613,440)\\n(73,303)\\n6,648\\n\\nNet current period other comprehensive income\\n(loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(54,526)\\n\\n(1,797)\\n\\n(10,332)\\n\\n(66,655)\\n\\nAccumulated other comprehensive loss, net of tax,\\nas of December 31, 2016 . . . . . . . . . . . . . . . . . . . . .\\n\\n$(352,025)\\n\\n$ 7,604\\n\\n$(335,674)\\n\\n$(680,095)\\n\\n(DOLLARS IN THOUSANDS)\\n\\n104\"},\"name\":\"fintabnet.IFF_2016_page_120__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":82823,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:IFF_2016\",\"dpi\":300,\"gt_sha256\":\"c91c4dcd4104274d03186a4b2b61c50317aeb652e3bf0360e8844a90b9cd5284\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.IFF_2016_page_120__300dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.IFF_2016_page_120\",\"pdf_sha256\":\"3597d3d194b7e0dd854c62b3f0ab49214b80995f349ac7a8a5e87461464bdeae\",\"px\":[2475,3225],\"scan\":{\"render\":\"00003ffc00cc20fe38f03c8021c43e003ff83ff800f83eac3eac388400000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"IFF_2016_page_120\",\"src\":{\"file_sha256\":\"4a25b54c1f7804969a6e1b2190f2c1f5c0c83999f5aaae4860301c98649679ac\",\"render\":\"00003ffc00cc00fc38b03c0021cc3e003ff83ff800fc3c843eac38ac00000000\",\"text\":\"dc50fa9803f19ae13ee0276cdf3f8d103ba44b8740142bf773e956e57be57add\"},\"stack\":[{\"deg\":-1.612,\"op\":\"skew\"},{\"amp\":0.094,\"angle\":159.3,\"blob\":0.308,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":2.101,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":7.47},{\"gain\":0.707,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":0.017,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"3597d3d194b7e0dd854c62b3f0ab49214b80995f349ac7a8a5e87461464bdeae\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/3597d3d194b7e0dd854c62b3f0ab49214b80995f349ac7a8a5e87461464bdeae.pdf","asset_sha256":"3597d3d194b7e0dd854c62b3f0ab49214b80995f349ac7a8a5e87461464bdeae","document_id":"fintabnet:IFF_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IFF_2016_page_120\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IFF_2018_page_79\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:IFF_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[243.3,64.6,359.9,73.5],\"lines\":[{\"bbox\":[243.3,64.6,359.9,73.5],\"text\":\"Reconciliation of Operating Profit\"}],\"order\":0,\"text\":\"Reconciliation of Operating Profit\"},{\"bbox\":[454.9,79.7,518.7,103.8],\"lines\":[{\"bbox\":[466.2,79.8,507.5,87.6],\"text\":\"Year Ended\"},{\"bbox\":[463.4,87.8,510.1,95.7],\"text\":\"December 31,\"},{\"bbox\":[454.9,95.7,471.0,103.1],\"text\":\"2018\"},{\"bbox\":[502.4,96.3,518.5,103.8],\"text\":\"2017\"}],\"order\":1,\"text\":\"Year Ended\\nDecember 31,\\n2018\\n2017\"},{\"bbox\":[73.1,90.2,170.6,98.8],\"lines\":[{\"bbox\":[73.1,90.2,170.6,98.8],\"text\":\"(DOLLARS IN THOUSANDS)\"}],\"order\":2,\"text\":\"(DOLLARS IN THOUSANDS)\"},{\"bbox\":[71.3,104.2,532.3,233.9],\"lines\":[{\"bbox\":[72.9,104.2,529.0,119.9],\"text\":\"Reported (GAAP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $583,882 $552,630\"},{\"bbox\":[72.8,115.6,433.8,129.9],\"text\":\"Operational Improvement Initiatives (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[458.7,121.1,481.3,130.6],\"text\":\"2,169\"},{\"bbox\":[506.2,121.8,528.8,131.3],\"text\":\"1,802\"},{\"bbox\":[72.6,127.0,433.7,141.3],\"text\":\"Acquisition Related Costs (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[455.2,132.5,484.5,142.0],\"text\":\"(1,289)\"},{\"bbox\":[501.0,133.1,528.7,142.7],\"text\":\"20,389\"},{\"bbox\":[72.4,138.4,433.5,152.7],\"text\":\"Integration Related Costs (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[458.4,143.9,481.0,153.4],\"text\":\"7,188\"},{\"bbox\":[505.9,144.6,528.5,154.1],\"text\":\"4,179\"},{\"bbox\":[72.3,149.8,433.4,164.1],\"text\":\"Legal Charges/Credits, net (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[465.7,155.4,475.9,164.7],\"text\":\"—\"},{\"bbox\":[505.7,156.0,528.3,165.5],\"text\":\"1,000\"},{\"bbox\":[72.1,161.2,433.2,175.5],\"text\":\"Tax Assessment (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[465.6,166.8,475.7,176.1],\"text\":\"—\"},{\"bbox\":[505.6,167.4,528.2,176.9],\"text\":\"5,331\"},{\"bbox\":[71.9,172.5,433.0,186.9],\"text\":\"Restructuring and Other Charges, net (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[457.9,178.1,480.5,187.6],\"text\":\"4,086\"},{\"bbox\":[500.4,178.7,528.0,188.3],\"text\":\"19,711\"},{\"bbox\":[71.8,183.9,432.9,198.3],\"text\":\"Gain on Sale of Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[454.4,189.5,483.7,199.0],\"text\":\"(1,177)\"},{\"bbox\":[509.4,190.2,531.2,199.7],\"text\":\"(184)\"},{\"bbox\":[71.6,195.3,432.7,209.7],\"text\":\"FDA Mandated Product Recall (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[454.2,200.9,483.5,210.4],\"text\":\"(7,125)\"},{\"bbox\":[500.1,201.5,527.7,211.1],\"text\":\"11,000\"},{\"bbox\":[71.4,206.7,432.5,221.1],\"text\":\"UK Pension Settlement Charges (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[464.9,212.4,475.0,221.7],\"text\":\"—\"},{\"bbox\":[504.9,213.0,527.5,222.5],\"text\":\"2,769\"},{\"bbox\":[71.3,218.1,432.4,232.5],\"text\":\"Frutarom Acquisition Related Costs (k) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[452.2,223.6,479.9,233.2],\"text\":\"89,632\"},{\"bbox\":[512.2,224.5,522.4,233.8],\"text\":\"—\"}],\"order\":3,\"text\":\"Reported (GAAP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $583,882 $552,630\\nOperational Improvement Initiatives (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2,169\\n1,802\\nAcquisition Related Costs (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,289)\\n20,389\\nIntegration Related Costs (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n7,188\\n4,179\\nLegal Charges/Credits, net (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n1,000\\nTax Assessment (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n5,331\\nRestructuring and Other Charges, net (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n4,086\\n19,711\\nGain on Sale of Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,177)\\n(184)\\nFDA Mandated Product Recall (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(7,125)\\n11,000\\nUK Pension Settlement Charges (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n2,769\\nFrutarom Acquisition Related Costs (k) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n89,632\\n—\"},{\"bbox\":[71.1,233.5,432.1,247.9],\"lines\":[{\"bbox\":[71.1,233.5,432.1,247.9],\"text\":\"Adjusted (Non-GAAP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Adjusted (Non-GAAP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.7,332.7,167.1,341.3],\"lines\":[{\"bbox\":[69.7,332.7,167.1,341.3],\"text\":\"(DOLLARS IN THOUSANDS)\"}],\"order\":5,\"text\":\"(DOLLARS IN THOUSANDS)\"},{\"bbox\":[442.0,238.9,479.6,248.6],\"lines\":[{\"bbox\":[442.0,238.9,479.6,248.6],\"text\":\"$677,366\"}],\"order\":6,\"text\":\"$677,366\"},{\"bbox\":[489.5,239.6,527.1,249.3],\"lines\":[{\"bbox\":[489.5,239.6,527.1,249.3],\"text\":\"$618,627\"}],\"order\":7,\"text\":\"$618,627\"},{\"bbox\":[215.8,262.8,526.5,346.5],\"lines\":[{\"bbox\":[233.5,263.0,363.9,272.1],\"text\":\"Reconciliation of Net Income and EPS\"},{\"bbox\":[323.6,276.3,413.5,284.9],\"text\":\"Year Ended December 31,\"},{\"bbox\":[279.6,283.7,295.7,291.2],\"text\":\"2018\"},{\"bbox\":[440.0,286.0,456.1,293.5],\"text\":\"2017\"},{\"bbox\":[308.9,296.1,321.0,303.5],\"text\":\"Net\"},{\"bbox\":[302.1,304.0,327.6,311.6],\"text\":\"Income\"},{\"bbox\":[470.5,306.4,482.6,313.9],\"text\":\"Net\"},{\"bbox\":[300.5,312.0,331.7,319.7],\"text\":\"Attribut-\"},{\"bbox\":[463.7,314.4,489.1,321.9],\"text\":\"Income\"},{\"bbox\":[216.1,318.8,241.5,326.4],\"text\":\"Income\"},{\"bbox\":[303.1,320.0,326.1,327.6],\"text\":\"able to\"},{\"bbox\":[338.6,320.6,400.7,328.7],\"text\":\"Diluted Income\"},{\"bbox\":[462.0,322.3,493.2,330.0],\"text\":\"Attribut-\"},{\"bbox\":[217.7,326.8,239.6,334.4],\"text\":\"before\"},{\"bbox\":[256.3,327.4,286.8,335.0],\"text\":\"Taxes on\"},{\"bbox\":[308.0,328.1,321.0,335.5],\"text\":\"IFF\"},{\"bbox\":[343.7,328.6,358.5,336.1],\"text\":\"EPS\"},{\"bbox\":[376.9,329.1,398.8,336.6],\"text\":\"before\"},{\"bbox\":[416.7,329.7,447.3,337.3],\"text\":\"Taxes on\"},{\"bbox\":[464.7,330.4,487.6,337.9],\"text\":\"able to\"},{\"bbox\":[500.1,330.9,525.6,338.5],\"text\":\"Diluted\"},{\"bbox\":[219.8,334.8,237.3,342.3],\"text\":\"taxes\"},{\"bbox\":[252.2,335.3,290.7,343.1],\"text\":\"income (m)\"},{\"bbox\":[309.4,336.1,319.3,343.5],\"text\":\"(n)\"},{\"bbox\":[346.3,336.7,355.8,344.0],\"text\":\"(o)\"},{\"bbox\":[379.0,337.1,396.5,344.6],\"text\":\"taxes\"},{\"bbox\":[412.7,337.6,451.2,345.4],\"text\":\"income (m)\"},{\"bbox\":[469.6,338.4,482.6,345.9],\"text\":\"IFF\"},{\"bbox\":[505.3,339.0,520.1,346.4],\"text\":\"EPS\"}],\"order\":8,\"text\":\"Reconciliation of Net Income and EPS\\nYear Ended December 31,\\n2018\\n2017\\nNet\\nIncome\\nNet\\nAttribut-\\nIncome\\nIncome\\nable to\\nDiluted Income\\nAttribut-\\nbefore\\nTaxes on\\nIFF\\nEPS\\nbefore\\nTaxes on\\nable to\\nDiluted\\ntaxes\\nincome (m)\\n(n)\\n(o)\\ntaxes\\nincome (m)\\nIFF\\nEPS\"},{\"bbox\":[66.3,346.7,528.8,579.0],\"lines\":[{\"bbox\":[69.4,346.7,525.5,362.4],\"text\":\"Reported (GAAP) . . . . . . . . . . . . $447,757 $107,976 $337,302 $ 3.79 $537,045 $ 241,380 $295,665 $ 3.72\"},{\"bbox\":[69.3,358.1,173.1,368.7],\"text\":\"Operational Improvement\"},{\"bbox\":[79.1,369.6,204.3,380.6],\"text\":\"Initiatives (a) . . . . . . . . . . . . . .\"},{\"bbox\":[224.2,371.7,246.8,381.2],\"text\":\"2,169\"},{\"bbox\":[274.6,372.4,289.8,381.8],\"text\":\"694\"},{\"bbox\":[310.0,372.9,363.5,382.9],\"text\":\"1,475 0.02\"},{\"bbox\":[383.4,374.0,406.0,383.5],\"text\":\"1,802\"},{\"bbox\":[436.7,374.8,451.8,384.1],\"text\":\"450\"},{\"bbox\":[471.7,375.3,525.2,385.2],\"text\":\"1,352 0.02\"},{\"bbox\":[68.9,380.9,204.2,392.0],\"text\":\"Acquisition Related Costs (b) . . .\"},{\"bbox\":[220.7,383.1,250.0,392.6],\"text\":\"(1,289)\"},{\"bbox\":[271.1,383.8,292.9,393.3],\"text\":\"(311)\"},{\"bbox\":[314.0,384.4,405.8,394.9],\"text\":\"(978) (0.01) 20,389\"},{\"bbox\":[429.0,386.1,451.7,395.5],\"text\":\"6,514\"},{\"bbox\":[466.5,386.6,525.0,396.6],\"text\":\"13,875 0.17\"},{\"bbox\":[68.8,392.3,204.0,403.4],\"text\":\"Integration Related Costs (c) . . .\"},{\"bbox\":[223.9,394.5,246.5,404.0],\"text\":\"7,188\"},{\"bbox\":[266.8,395.1,289.4,404.6],\"text\":\"1,397\"},{\"bbox\":[309.7,395.7,363.2,405.7],\"text\":\"5,791 0.07\"},{\"bbox\":[383.0,396.8,405.7,406.3],\"text\":\"4,179\"},{\"bbox\":[428.9,397.5,451.5,406.9],\"text\":\"1,331\"},{\"bbox\":[471.4,398.1,524.9,408.0],\"text\":\"2,848 0.03\"},{\"bbox\":[68.6,403.7,203.8,414.8],\"text\":\"Legal Charges/Credits, net (d) . .\"},{\"bbox\":[231.2,406.0,241.3,415.3],\"text\":\"—\"},{\"bbox\":[274.1,406.6,284.3,415.9],\"text\":\"—\"},{\"bbox\":[317.0,407.3,327.2,416.6],\"text\":\"—\"},{\"bbox\":[347.9,407.7,358.0,417.0],\"text\":\"—\"},{\"bbox\":[382.9,408.2,405.5,417.7],\"text\":\"1,000\"},{\"bbox\":[436.2,409.0,451.3,418.3],\"text\":\"354\"},{\"bbox\":[478.7,409.6,524.7,419.4],\"text\":\"646 0.01\"},{\"bbox\":[68.4,415.1,203.7,426.2],\"text\":\"Tax Assessment (e) . . . . . . . . . . .\"},{\"bbox\":[231.0,417.4,241.2,426.7],\"text\":\"—\"},{\"bbox\":[274.0,418.0,284.1,427.3],\"text\":\"—\"},{\"bbox\":[316.9,418.7,327.0,428.0],\"text\":\"—\"},{\"bbox\":[347.7,419.1,357.8,428.4],\"text\":\"—\"},{\"bbox\":[382.7,419.6,405.3,429.1],\"text\":\"5,331\"},{\"bbox\":[428.6,420.3,451.2,429.7],\"text\":\"1,885\"},{\"bbox\":[471.0,420.9,524.5,430.8],\"text\":\"3,446 0.04\"},{\"bbox\":[68.3,426.5,203.0,437.6],\"text\":\"Restructuring and Other Charges,\"},{\"bbox\":[78.1,438.0,203.3,449.0],\"text\":\"net (f) . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[223.2,440.1,245.8,449.6],\"text\":\"4,086\"},{\"bbox\":[266.1,440.7,288.8,450.2],\"text\":\"1,020\"},{\"bbox\":[309.0,441.3,362.5,451.3],\"text\":\"3,066 0.03\"},{\"bbox\":[377.4,442.3,405.0,451.9],\"text\":\"19,711\"},{\"bbox\":[428.2,443.1,450.9,452.5],\"text\":\"5,465\"},{\"bbox\":[465.7,443.6,524.2,453.6],\"text\":\"14,246 0.17\"},{\"bbox\":[67.9,449.3,203.2,460.4],\"text\":\"Gains on Sale of Assets . . . . . . . .\"},{\"bbox\":[219.7,451.5,249.0,461.0],\"text\":\"(1,177)\"},{\"bbox\":[270.1,452.2,291.9,461.7],\"text\":\"(352)\"},{\"bbox\":[313.0,452.8,365.7,462.7],\"text\":\"(825) (0.01)\"},{\"bbox\":[386.4,453.9,408.2,463.3],\"text\":\"(184)\"},{\"bbox\":[437.2,454.6,454.0,464.0],\"text\":\"(59)\"},{\"bbox\":[474.7,455.1,519.0,464.9],\"text\":\"(125) —\"},{\"bbox\":[67.8,460.7,203.0,471.8],\"text\":\"CTA Realization (g) . . . . . . . . . .\"},{\"bbox\":[230.4,463.0,240.5,472.3],\"text\":\"—\"},{\"bbox\":[273.3,463.6,283.4,472.9],\"text\":\"—\"},{\"bbox\":[316.2,464.2,326.3,473.5],\"text\":\"—\"},{\"bbox\":[347.1,464.7,357.2,474.0],\"text\":\"—\"},{\"bbox\":[373.7,465.1,408.0,474.7],\"text\":\"(12,217)\"},{\"bbox\":[435.4,466.0,445.5,475.3],\"text\":\"—\"},{\"bbox\":[462.0,466.3,527.2,476.4],\"text\":\"(12,217) (0.15)\"},{\"bbox\":[67.6,472.1,191.9,483.0],\"text\":\"FDA Mandated Product Recall\"},{\"bbox\":[77.5,483.6,202.7,494.6],\"text\":\"(h) . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[219.2,485.7,404.4,497.5],\"text\":\"(7,125) (1,601) (5,524) (0.06) 11,000\"},{\"bbox\":[427.6,488.7,450.2,498.1],\"text\":\"3,890\"},{\"bbox\":[470.1,489.3,523.5,499.2],\"text\":\"7,110 0.09\"},{\"bbox\":[67.3,494.9,196.7,505.9],\"text\":\"UK Pension Settlement Charges\"},{\"bbox\":[77.1,506.4,202.3,517.4],\"text\":\"(i) . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[229.7,508.6,239.8,517.9],\"text\":\"—\"},{\"bbox\":[272.7,509.2,282.8,518.5],\"text\":\"—\"},{\"bbox\":[315.6,509.8,325.7,519.1],\"text\":\"—\"},{\"bbox\":[346.4,510.3,356.5,519.6],\"text\":\"—\"},{\"bbox\":[381.4,510.8,404.0,520.3],\"text\":\"2,769\"},{\"bbox\":[434.7,511.6,449.9,520.9],\"text\":\"526\"},{\"bbox\":[469.7,512.1,523.2,522.0],\"text\":\"2,243 0.03\"},{\"bbox\":[67.0,517.7,202.2,528.8],\"text\":\"U.S. Tax Reform (j) . . . . . . . . . .\"},{\"bbox\":[229.5,520.0,239.7,529.3],\"text\":\"—\"},{\"bbox\":[256.6,520.4,361.4,531.1],\"text\":\"(25,345) 25,345 0.29\"},{\"bbox\":[388.7,522.3,398.9,531.6],\"text\":\"—\"},{\"bbox\":[413.7,522.7,523.0,533.4],\"text\":\"(139,172) 139,172 1.76\"},{\"bbox\":[66.8,529.1,186.5,539.9],\"text\":\"Frutarom Acquisition Related\"},{\"bbox\":[76.6,540.6,244.3,552.2],\"text\":\"Costs (k) . . . . . . . . . . . . . . . . . 155,569\"},{\"bbox\":[259.7,543.2,361.0,553.9],\"text\":\"28,490 127,079 1.44\"},{\"bbox\":[388.4,545.1,398.5,554.4],\"text\":\"—\"},{\"bbox\":[434.2,545.8,444.4,555.1],\"text\":\"—\"},{\"bbox\":[476.7,546.4,486.9,555.7],\"text\":\"—\"},{\"bbox\":[507.6,546.8,517.7,556.1],\"text\":\"—\"},{\"bbox\":[66.5,551.9,196.5,562.9],\"text\":\"Redemption value adjustment to\"},{\"bbox\":[76.3,563.4,201.5,574.4],\"text\":\"EPS (l) . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[228.9,565.6,239.0,574.9],\"text\":\"—\"},{\"bbox\":[271.8,566.2,282.0,575.5],\"text\":\"—\"},{\"bbox\":[314.7,566.8,324.9,576.1],\"text\":\"—\"},{\"bbox\":[343.1,567.2,360.7,576.7],\"text\":\"0.03\"},{\"bbox\":[388.1,567.9,398.2,577.2],\"text\":\"—\"},{\"bbox\":[433.9,568.6,444.0,577.9],\"text\":\"—\"},{\"bbox\":[476.4,569.2,486.5,578.5],\"text\":\"—\"},{\"bbox\":[507.3,569.6,517.4,578.9],\"text\":\"—\"}],\"order\":9,\"text\":\"Reported (GAAP) . . . . . . . . . . . . $447,757 $107,976 $337,302 $ 3.79 $537,045 $ 241,380 $295,665 $ 3.72\\nOperational Improvement\\nInitiatives (a) . . . . . . . . . . . . . .\\n2,169\\n694\\n1,475 0.02\\n1,802\\n450\\n1,352 0.02\\nAcquisition Related Costs (b) . . .\\n(1,289)\\n(311)\\n(978) (0.01) 20,389\\n6,514\\n13,875 0.17\\nIntegration Related Costs (c) . . .\\n7,188\\n1,397\\n5,791 0.07\\n4,179\\n1,331\\n2,848 0.03\\nLegal Charges/Credits, net (d) . .\\n—\\n—\\n—\\n—\\n1,000\\n354\\n646 0.01\\nTax Assessment (e) . . . . . . . . . . .\\n—\\n—\\n—\\n—\\n5,331\\n1,885\\n3,446 0.04\\nRestructuring and Other Charges,\\nnet (f) . . . . . . . . . . . . . . . . . . . .\\n4,086\\n1,020\\n3,066 0.03\\n19,711\\n5,465\\n14,246 0.17\\nGains on Sale of Assets . . . . . . . .\\n(1,177)\\n(352)\\n(825) (0.01)\\n(184)\\n(59)\\n(125) —\\nCTA Realization (g) . . . . . . . . . .\\n—\\n—\\n—\\n—\\n(12,217)\\n—\\n(12,217) (0.15)\\nFDA Mandated Product Recall\\n(h) . . . . . . . . . . . . . . . . . . . . . .\\n(7,125) (1,601) (5,524) (0.06) 11,000\\n3,890\\n7,110 0.09\\nUK Pension Settlement Charges\\n(i) . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n—\\n—\\n—\\n2,769\\n526\\n2,243 0.03\\nU.S. Tax Reform (j) . . . . . . . . . .\\n—\\n(25,345) 25,345 0.29\\n—\\n(139,172) 139,172 1.76\\nFrutarom Acquisition Related\\nCosts (k) . . . . . . . . . . . . . . . . . 155,569\\n28,490 127,079 1.44\\n—\\n—\\n—\\n—\\nRedemption value adjustment to\\nEPS (l) . . . . . . . . . . . . . . . . . . .\\n—\\n—\\n—\\n0.03\\n—\\n—\\n—\\n—\"},{\"bbox\":[66.1,578.7,522.2,594.4],\"lines\":[{\"bbox\":[66.1,578.7,522.2,594.4],\"text\":\"Adjusted (Non-GAAP) . . . . . . . . $607,178 $111,968 $492,731 $ 5.58 $590,825 $ 122,564 $468,261 $ 5.89\"}],\"order\":10,\"text\":\"Adjusted (Non-GAAP) . . . . . . . . $607,178 $111,968 $492,731 $ 5.58 $590,825 $ 122,564 $468,261 $ 5.89\"},{\"bbox\":[64.7,604.7,518.9,692.3],\"lines\":[{\"bbox\":[65.7,604.7,507.6,620.2],\"text\":\"(a) For 2018, represents accelerated depreciation related to a plant relocation in India and Taiwan asset write\"},{\"bbox\":[85.5,616.9,449.5,631.3],\"text\":\"off. For 2017, represents accelerated depreciation and idle labor costs in Hangzhou, China.\"},{\"bbox\":[65.4,628.7,509.3,644.2],\"text\":\"(b) For 2018, represents adjustments to the contingent consideration payable for PowderPure, and transaction\"},{\"bbox\":[85.2,640.9,518.4,656.3],\"text\":\"costs related to Fragrance Resources and PowderPure within Selling and administrative expenses. For 2017,\"},{\"bbox\":[85.0,652.9,496.9,668.0],\"text\":\"represents the amortization of inventory “step-up” included in Cost of goods sold and transaction costs\"},{\"bbox\":[84.8,664.9,488.8,679.9],\"text\":\"related to the acquisitions of Fragrance Resources and PowderPure within Selling and administrative\"},{\"bbox\":[84.7,676.9,123.4,686.6],\"text\":\"expenses.\"}],\"order\":11,\"text\":\"(a) For 2018, represents accelerated depreciation related to a plant relocation in India and Taiwan asset write\\noff. For 2017, represents accelerated depreciation and idle labor costs in Hangzhou, China.\\n(b) For 2018, represents adjustments to the contingent consideration payable for PowderPure, and transaction\\ncosts related to Fragrance Resources and PowderPure within Selling and administrative expenses. For 2017,\\nrepresents the amortization of inventory “step-up” included in Cost of goods sold and transaction costs\\nrelated to the acquisitions of Fragrance Resources and PowderPure within Selling and administrative\\nexpenses.\"},{\"bbox\":[287.3,703.9,297.4,713.2],\"lines\":[{\"bbox\":[287.3,703.9,297.4,713.2],\"text\":\"69\"}],\"order\":12,\"text\":\"69\"}],\"doc\":\"fintabnet:IFF_2018\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"Reconciliation of Operating Profit\\n\\nYear Ended\\nDecember 31,\\n2018\\n2017\\n\\n(DOLLARS IN THOUSANDS)\\n\\nReported (GAAP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $583,882 $552,630\\nOperational Improvement Initiatives (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2,169\\n1,802\\nAcquisition Related Costs (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,289)\\n20,389\\nIntegration Related Costs (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n7,188\\n4,179\\nLegal Charges/Credits, net (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n1,000\\nTax Assessment (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n5,331\\nRestructuring and Other Charges, net (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n4,086\\n19,711\\nGain on Sale of Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,177)\\n(184)\\nFDA Mandated Product Recall (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(7,125)\\n11,000\\nUK Pension Settlement Charges (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n2,769\\nFrutarom Acquisition Related Costs (k) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n89,632\\n—\\n\\nAdjusted (Non-GAAP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(DOLLARS IN THOUSANDS)\\n\\n$677,366\\n\\n$618,627\\n\\nReconciliation of Net Income and EPS\\nYear Ended December 31,\\n2018\\n2017\\nNet\\nIncome\\nNet\\nAttribut-\\nIncome\\nIncome\\nable to\\nDiluted Income\\nAttribut-\\nbefore\\nTaxes on\\nIFF\\nEPS\\nbefore\\nTaxes on\\nable to\\nDiluted\\ntaxes\\nincome (m)\\n(n)\\n(o)\\ntaxes\\nincome (m)\\nIFF\\nEPS\\n\\nReported (GAAP) . . . . . . . . . . . . $447,757 $107,976 $337,302 $ 3.79 $537,045 $ 241,380 $295,665 $ 3.72\\nOperational Improvement\\nInitiatives (a) . . . . . . . . . . . . . .\\n2,169\\n694\\n1,475 0.02\\n1,802\\n450\\n1,352 0.02\\nAcquisition Related Costs (b) . . .\\n(1,289)\\n(311)\\n(978) (0.01) 20,389\\n6,514\\n13,875 0.17\\nIntegration Related Costs (c) . . .\\n7,188\\n1,397\\n5,791 0.07\\n4,179\\n1,331\\n2,848 0.03\\nLegal Charges/Credits, net (d) . .\\n—\\n—\\n—\\n—\\n1,000\\n354\\n646 0.01\\nTax Assessment (e) . . . . . . . . . . .\\n—\\n—\\n—\\n—\\n5,331\\n1,885\\n3,446 0.04\\nRestructuring and Other Charges,\\nnet (f) . . . . . . . . . . . . . . . . . . . .\\n4,086\\n1,020\\n3,066 0.03\\n19,711\\n5,465\\n14,246 0.17\\nGains on Sale of Assets . . . . . . . .\\n(1,177)\\n(352)\\n(825) (0.01)\\n(184)\\n(59)\\n(125) —\\nCTA Realization (g) . . . . . . . . . .\\n—\\n—\\n—\\n—\\n(12,217)\\n—\\n(12,217) (0.15)\\nFDA Mandated Product Recall\\n(h) . . . . . . . . . . . . . . . . . . . . . .\\n(7,125) (1,601) (5,524) (0.06) 11,000\\n3,890\\n7,110 0.09\\nUK Pension Settlement Charges\\n(i) . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n—\\n—\\n—\\n2,769\\n526\\n2,243 0.03\\nU.S. Tax Reform (j) . . . . . . . . . .\\n—\\n(25,345) 25,345 0.29\\n—\\n(139,172) 139,172 1.76\\nFrutarom Acquisition Related\\nCosts (k) . . . . . . . . . . . . . . . . . 155,569\\n28,490 127,079 1.44\\n—\\n—\\n—\\n—\\nRedemption value adjustment to\\nEPS (l) . . . . . . . . . . . . . . . . . . .\\n—\\n—\\n—\\n0.03\\n—\\n—\\n—\\n—\\n\\nAdjusted (Non-GAAP) . . . . . . . . $607,178 $111,968 $492,731 $ 5.58 $590,825 $ 122,564 $468,261 $ 5.89\\n\\n(a) For 2018, represents accelerated depreciation related to a plant relocation in India and Taiwan asset write\\noff. For 2017, represents accelerated depreciation and idle labor costs in Hangzhou, China.\\n(b) For 2018, represents adjustments to the contingent consideration payable for PowderPure, and transaction\\ncosts related to Fragrance Resources and PowderPure within Selling and administrative expenses. For 2017,\\nrepresents the amortization of inventory “step-up” included in Cost of goods sold and transaction costs\\nrelated to the acquisitions of Fragrance Resources and PowderPure within Selling and administrative\\nexpenses.\\n\\n69\",\"name\":\"fintabnet.IFF_2018_page_79__72dpi_mild\",\"page_id\":\"fintabnet.IFF_2018_page_79\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.825,\"source\":\"fintabnet\",\"source_id\":\"IFF_2018_page_79\",\"stack\":[{\"deg\":-0.825,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.459},{\"op\":\"noise\",\"sigma\":2.246},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[71.1,72.3,532.8,249.3],\"block_orders\":[1,2,3,4,6,7],\"cells\":null}],\"text\":\"Reconciliation of Operating Profit\\n\\nYear Ended\\nDecember 31,\\n2018\\n2017\\n\\n(DOLLARS IN THOUSANDS)\\n\\nReported (GAAP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $583,882 $552,630\\nOperational Improvement Initiatives (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2,169\\n1,802\\nAcquisition Related Costs (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,289)\\n20,389\\nIntegration Related Costs (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n7,188\\n4,179\\nLegal Charges/Credits, net (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n1,000\\nTax Assessment (e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n5,331\\nRestructuring and Other Charges, net (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n4,086\\n19,711\\nGain on Sale of Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,177)\\n(184)\\nFDA Mandated Product Recall (h) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(7,125)\\n11,000\\nUK Pension Settlement Charges (i) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n2,769\\nFrutarom Acquisition Related Costs (k) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n89,632\\n—\\n\\nAdjusted (Non-GAAP) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(DOLLARS IN THOUSANDS)\\n\\n$677,366\\n\\n$618,627\\n\\nReconciliation of Net Income and EPS\\nYear Ended December 31,\\n2018\\n2017\\nNet\\nIncome\\nNet\\nAttribut-\\nIncome\\nIncome\\nable to\\nDiluted Income\\nAttribut-\\nbefore\\nTaxes on\\nIFF\\nEPS\\nbefore\\nTaxes on\\nable to\\nDiluted\\ntaxes\\nincome (m)\\n(n)\\n(o)\\ntaxes\\nincome (m)\\nIFF\\nEPS\\n\\nReported (GAAP) . . . . . . . . . . . . $447,757 $107,976 $337,302 $ 3.79 $537,045 $ 241,380 $295,665 $ 3.72\\nOperational Improvement\\nInitiatives (a) . . . . . . . . . . . . . .\\n2,169\\n694\\n1,475 0.02\\n1,802\\n450\\n1,352 0.02\\nAcquisition Related Costs (b) . . .\\n(1,289)\\n(311)\\n(978) (0.01) 20,389\\n6,514\\n13,875 0.17\\nIntegration Related Costs (c) . . .\\n7,188\\n1,397\\n5,791 0.07\\n4,179\\n1,331\\n2,848 0.03\\nLegal Charges/Credits, net (d) . .\\n—\\n—\\n—\\n—\\n1,000\\n354\\n646 0.01\\nTax Assessment (e) . . . . . . . . . . .\\n—\\n—\\n—\\n—\\n5,331\\n1,885\\n3,446 0.04\\nRestructuring and Other Charges,\\nnet (f) . . . . . . . . . . . . . . . . . . . .\\n4,086\\n1,020\\n3,066 0.03\\n19,711\\n5,465\\n14,246 0.17\\nGains on Sale of Assets . . . . . . . .\\n(1,177)\\n(352)\\n(825) (0.01)\\n(184)\\n(59)\\n(125) —\\nCTA Realization (g) . . . . . . . . . .\\n—\\n—\\n—\\n—\\n(12,217)\\n—\\n(12,217) (0.15)\\nFDA Mandated Product Recall\\n(h) . . . . . . . . . . . . . . . . . . . . . .\\n(7,125) (1,601) (5,524) (0.06) 11,000\\n3,890\\n7,110 0.09\\nUK Pension Settlement Charges\\n(i) . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n—\\n—\\n—\\n2,769\\n526\\n2,243 0.03\\nU.S. Tax Reform (j) . . . . . . . . . .\\n—\\n(25,345) 25,345 0.29\\n—\\n(139,172) 139,172 1.76\\nFrutarom Acquisition Related\\nCosts (k) . . . . . . . . . . . . . . . . . 155,569\\n28,490 127,079 1.44\\n—\\n—\\n—\\n—\\nRedemption value adjustment to\\nEPS (l) . . . . . . . . . . . . . . . . . . .\\n—\\n—\\n—\\n0.03\\n—\\n—\\n—\\n—\\n\\nAdjusted (Non-GAAP) . . . . . . . . $607,178 $111,968 $492,731 $ 5.58 $590,825 $ 122,564 $468,261 $ 5.89\\n\\n(a) For 2018, represents accelerated depreciation related to a plant relocation in India and Taiwan asset write\\noff. 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comprehensive\"},{\"bbox\":[53.1,96.7,527.3,119.8],\"text\":\"loss, net into net periodic cost related to our domestic pension plan and significant foreign pension plans, respectively.\"}],\"order\":1,\"text\":\"In 2018, we estimate that we will recognize $1.5 and $6.0 of net actuarial losses from accumulated other comprehensive\\nloss, net into net periodic cost related to our domestic pension plan and significant foreign pension plans, respectively.\"},{\"bbox\":[52.0,135.9,98.9,144.5],\"lines\":[{\"bbox\":[52.0,135.9,98.9,144.5],\"text\":\"December 31,\"}],\"order\":2,\"text\":\"December 31,\"},{\"bbox\":[426.3,126.9,479.3,155.6],\"lines\":[{\"bbox\":[437.3,127.2,469.0,135.3],\"text\":\"Domestic\"},{\"bbox\":[430.7,135.0,475.1,143.5],\"text\":\"Pension Plan\"},{\"bbox\":[426.3,146.9,442.5,154.6],\"text\":\"2017\"},{\"bbox\":[462.5,147.9,478.7,155.6],\"text\":\"2016\"}],\"order\":3,\"text\":\"Domestic\\nPension 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losses (gains) . . . . . . .\"},{\"bbox\":[46.4,327.5,110.2,338.1],\"text\":\"Amortization of:\"},{\"bbox\":[65.0,339.5,239.2,353.3],\"text\":\"Prior service cost (credit) . . . . . . . . . . . . . . . .\"},{\"bbox\":[64.7,351.0,238.9,364.8],\"text\":\"Net actuarial losses . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":13,\"text\":\"Service cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected return on plan assets . . . . . . . . . . . . . . . .\\nSettlement and curtailment losses (gains) . . . . . . .\\nAmortization of:\\nPrior service cost (credit) . . . . . . . . . . . . . . . .\\nNet actuarial losses . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[83.2,367.1,238.5,380.3],\"lines\":[{\"bbox\":[83.2,367.1,238.5,380.3],\"text\":\"Net periodic cost . . . . . . . . . . . . . . . . . .\"}],\"order\":14,\"text\":\"Net periodic cost . . . . . . . . . . . . . . . . . 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0.0\\n1.5\\n0.0\\n0.0\"},{\"bbox\":[364.9,348.3,377.4,368.9],\"lines\":[{\"bbox\":[365.3,348.3,377.4,357.4],\"text\":\"0.1\"},{\"bbox\":[364.9,359.8,377.0,368.9],\"text\":\"5.5\"}],\"order\":26,\"text\":\"0.1\\n5.5\"},{\"bbox\":[399.5,349.4,411.9,369.9],\"lines\":[{\"bbox\":[399.8,349.4,411.9,358.4],\"text\":\"0.1\"},{\"bbox\":[399.5,360.9,411.6,369.9],\"text\":\"4.2\"}],\"order\":27,\"text\":\"0.1\\n4.2\"},{\"bbox\":[434.0,350.4,446.5,370.9],\"lines\":[{\"bbox\":[434.3,350.4,446.5,359.4],\"text\":\"0.1\"},{\"bbox\":[434.0,361.9,446.1,370.9],\"text\":\"4.1\"}],\"order\":28,\"text\":\"0.1\\n4.1\"},{\"bbox\":[465.4,351.3,484.2,372.0],\"lines\":[{\"bbox\":[465.7,351.3,484.2,360.5],\"text\":\"(0.2)\"},{\"bbox\":[468.5,362.9,480.6,371.9],\"text\":\"0.0\"}],\"order\":29,\"text\":\"(0.2)\\n0.0\"},{\"bbox\":[499.9,352.3,518.7,373.0],\"lines\":[{\"bbox\":[500.2,352.3,518.7,361.5],\"text\":\"(0.2)\"},{\"bbox\":[503.1,363.9,515.2,372.9],\"text\":\"0.0\"}],\"order\":30,\"text\":\"(0.2)\\n0.0\"},{\"bbox\":[534.4,353.3,553.2,374.0],\"lines\":[{\"bbox\":[534.8,353.3,553.2,362.6],\"text\":\"(0.1)\"},{\"bbox\":[537.6,364.9,549.7,374.0],\"text\":\"0.0\"}],\"order\":31,\"text\":\"(0.1)\\n0.0\"},{\"bbox\":[317.3,374.0,376.6,384.4],\"lines\":[{\"bbox\":[317.3,374.0,376.6,384.4],\"text\":\"$ (0.8) $ 13.1\"}],\"order\":32,\"text\":\"$ (0.8) $ 13.1\"},{\"bbox\":[386.4,376.0,411.1,385.4],\"lines\":[{\"bbox\":[386.4,376.0,411.1,385.4],\"text\":\"$ 7.8\"}],\"order\":33,\"text\":\"$ 7.8\"},{\"bbox\":[420.9,377.0,445.7,386.4],\"lines\":[{\"bbox\":[420.9,377.0,445.7,386.4],\"text\":\"$ 13.4\"}],\"order\":34,\"text\":\"$ 13.4\"},{\"bbox\":[455.4,378.0,480.2,387.4],\"lines\":[{\"bbox\":[455.4,378.0,480.2,387.4],\"text\":\"$ 1.1\"}],\"order\":35,\"text\":\"$ 1.1\"},{\"bbox\":[490.0,379.0,514.7,388.4],\"lines\":[{\"bbox\":[490.0,379.0,514.7,388.4],\"text\":\"$ 1.3\"}],\"order\":36,\"text\":\"$ 1.3\"},{\"bbox\":[524.5,380.0,549.3,389.5],\"lines\":[{\"bbox\":[524.5,380.0,549.3,389.5],\"text\":\"$ 1.4\"}],\"order\":37,\"text\":\"$ 1.4\"},{\"bbox\":[54.3,398.6,107.3,409.1],\"lines\":[{\"bbox\":[54.3,398.6,107.3,409.1],\"text\":\"Assumptions\"}],\"order\":38,\"text\":\"Assumptions\"},{\"bbox\":[43.2,437.4,134.5,447.3],\"lines\":[{\"bbox\":[43.2,437.4,134.5,447.3],\"text\":\"Years ended December 31,\"}],\"order\":39,\"text\":\"Years ended December 31,\"},{\"bbox\":[39.4,451.8,240.9,581.3],\"lines\":[{\"bbox\":[42.7,451.8,107.9,462.3],\"text\":\"Net periodic cost\"},{\"bbox\":[42.4,463.3,240.5,477.8],\"text\":\"Discount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[42.1,474.8,240.2,489.3],\"text\":\"Rate of compensation increase . . . . . . . . . . . . . . . . .\"},{\"bbox\":[41.7,486.3,239.9,500.8],\"text\":\"Expected return on plan assets . . . . . . . . . . . . . . . . .\"},{\"bbox\":[41.4,497.8,110.0,508.4],\"text\":\"Benefit obligation\"},{\"bbox\":[41.0,509.3,239.2,523.8],\"text\":\"Discount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[40.7,520.8,238.9,535.3],\"text\":\"Rate of compensation increase . . . . . . . . . . . . . . . . .\"},{\"bbox\":[40.4,532.3,229.6,546.4],\"text\":\"Health care cost trend rate assumed for next year\"},{\"bbox\":[40.0,543.8,238.2,558.3],\"text\":\"Initial rate (weighted-average) . . . . . . . . . . . . . . . . .\"},{\"bbox\":[39.7,555.3,237.8,569.8],\"text\":\"Year ultimate rate is reached . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[39.4,566.8,237.5,581.3],\"text\":\"Ultimate rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":40,\"text\":\"Net periodic cost\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of compensation increase . . . . . . . . . . . . . . . . .\\nExpected return on plan assets . . . . . . . . . . . . . . . . .\\nBenefit obligation\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of compensation increase . . . . . . . . . . . . . . . . .\\nHealth care cost trend rate assumed for next year\\nInitial rate (weighted-average) . . . . . . . . . . . . . . . . .\\nYear ultimate rate is reached . . . . . . . . . . . . . . . . . .\\nUltimate rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[255.1,431.6,339.6,453.3],\"lines\":[{\"bbox\":[258.6,431.7,336.5,441.2],\"text\":\"Domestic Pension Plan\"},{\"bbox\":[255.1,443.6,271.3,451.3],\"text\":\"2017\"},{\"bbox\":[289.1,444.6,305.3,452.3],\"text\":\"2016\"},{\"bbox\":[323.1,445.6,339.3,453.3],\"text\":\"2015\"}],\"order\":41,\"text\":\"Domestic Pension Plan\\n2017\\n2016\\n2015\"},{\"bbox\":[357.1,434.6,441.6,456.3],\"lines\":[{\"bbox\":[361.4,434.7,437.6,444.2],\"text\":\"Foreign Pension Plans\"},{\"bbox\":[357.1,446.6,373.3,454.3],\"text\":\"2017\"},{\"bbox\":[391.1,447.6,407.3,455.3],\"text\":\"2016\"},{\"bbox\":[425.0,448.6,441.2,456.3],\"text\":\"2015\"}],\"order\":42,\"text\":\"Foreign Pension Plans\\n2017\\n2016\\n2015\"},{\"bbox\":[458.8,429.6,544.1,459.3],\"lines\":[{\"bbox\":[459.4,429.6,544.1,439.3],\"text\":\"Domestic Postretirement\"},{\"bbox\":[480.4,438.2,522.5,446.7],\"text\":\"Benefit 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4.00%\"},{\"bbox\":[459.0,487.1,475.6,496.2],\"text\":\"N/A\"},{\"bbox\":[493.0,488.1,509.6,497.2],\"text\":\"N/A\"},{\"bbox\":[527.0,489.1,543.6,498.2],\"text\":\"N/A\"},{\"bbox\":[458.7,498.6,475.3,507.7],\"text\":\"N/A\"},{\"bbox\":[492.7,499.6,509.3,508.7],\"text\":\"N/A\"},{\"bbox\":[526.7,500.5,543.3,509.7],\"text\":\"N/A\"}],\"order\":45,\"text\":\"4.05% 4.65% 4.00%\\nN/A\\nN/A\\nN/A\\nN/A\\nN/A\\nN/A\"},{\"bbox\":[252.3,515.5,447.4,541.4],\"lines\":[{\"bbox\":[252.7,515.5,447.4,529.9],\"text\":\"3.70% 4.20% 4.80% 2.36% 2.52% 3.61%\"},{\"bbox\":[252.6,527.0,269.2,536.2],\"text\":\"N/A\"},{\"bbox\":[286.6,528.0,303.2,537.2],\"text\":\"N/A\"},{\"bbox\":[320.6,529.0,337.2,538.2],\"text\":\"N/A\"},{\"bbox\":[354.3,530.0,447.0,541.4],\"text\":\"2.37% 2.36% 3.25%\"}],\"order\":46,\"text\":\"3.70% 4.20% 4.80% 2.36% 2.52% 3.61%\\nN/A\\nN/A\\nN/A\\n2.37% 2.36% 3.25%\"},{\"bbox\":[457.4,521.5,550.5,544.4],\"lines\":[{\"bbox\":[457.7,521.5,550.5,532.9],\"text\":\"3.65% 4.05% 4.65%\"},{\"bbox\":[457.7,533.0,474.3,542.2],\"text\":\"N/A\"},{\"bbox\":[491.7,534.0,508.3,543.2],\"text\":\"N/A\"},{\"bbox\":[525.7,535.0,542.3,544.2],\"text\":\"N/A\"}],\"order\":47,\"text\":\"3.65% 4.05% 4.65%\\nN/A\\nN/A\\nN/A\"},{\"bbox\":[453.7,556.0,549.5,590.4],\"lines\":[{\"bbox\":[456.7,556.0,549.5,567.4],\"text\":\"6.50% 6.75% 7.00%\"},{\"bbox\":[454.0,567.4,473.3,576.7],\"text\":\"2024\"},{\"bbox\":[488.0,568.4,507.3,577.7],\"text\":\"2024\"},{\"bbox\":[522.0,569.4,541.2,578.7],\"text\":\"2024\"},{\"bbox\":[456.0,579.0,548.8,590.4],\"text\":\"5.00% 5.00% 5.00%\"}],\"order\":48,\"text\":\"6.50% 6.75% 7.00%\\n2024\\n2024\\n2024\\n5.00% 5.00% 5.00%\"},{\"bbox\":[35.9,588.2,542.8,708.1],\"lines\":[{\"bbox\":[58.7,588.8,542.7,612.1],\"text\":\"Discount Rates – At December 31, 2017, 2016 and 2015, we determined our discount rates for our Domestic Pension\"},{\"bbox\":[38.4,600.2,542.4,624.1],\"text\":\"Plan, foreign pension plans and domestic postretirement benefit plan based on either a bond selection/settlement approach or\"},{\"bbox\":[38.0,612.2,542.1,636.1],\"text\":\"bond yield curve approach. Using the bond selection/settlement approach, we determine the discount rate by selecting a\"},{\"bbox\":[37.7,624.2,541.7,648.1],\"text\":\"portfolio of corporate bonds appropriate to provide for the projected benefit payments. Using the bond yield curve approach,\"},{\"bbox\":[37.3,636.2,541.4,660.1],\"text\":\"we determine the discount rate by matching the plans’ cash flows to spot rates developed from a yield curve. Both\"},{\"bbox\":[37.0,648.2,541.0,672.1],\"text\":\"approaches utilize high-quality AA-rated corporate bonds and the plans’ projected cash flows to develop a discounted value\"},{\"bbox\":[36.6,660.2,540.6,684.1],\"text\":\"of the benefit payments, which is then used to develop a single discount rate. In countries where markets for high-quality\"},{\"bbox\":[36.3,672.1,540.3,696.1],\"text\":\"long-term AA corporate bonds are not well developed, a portfolio of long-term government bonds is used as a basis to\"},{\"bbox\":[35.9,684.1,411.6,704.3],\"text\":\"develop hypothetical corporate bond yields, which serve as a basis to derive the discount rate.\"}],\"order\":49,\"text\":\"Discount Rates – At December 31, 2017, 2016 and 2015, we determined our discount rates for our Domestic Pension\\nPlan, foreign pension plans and domestic postretirement benefit plan based on either a bond selection/settlement approach or\\nbond yield curve approach. Using the bond selection/settlement approach, we determine the discount rate by selecting a\\nportfolio of corporate bonds appropriate to provide for the projected benefit payments. Using the bond yield curve approach,\\nwe determine the discount rate by matching the plans’ cash flows to spot rates developed from a yield curve. Both\\napproaches utilize high-quality AA-rated corporate bonds and the plans’ projected cash flows to develop a discounted value\\nof the benefit payments, which is then used to develop a single discount rate. In countries where markets for high-quality\\nlong-term AA corporate bonds are not well developed, a portfolio of long-term government bonds is used as a basis to\\ndevelop hypothetical corporate bond yields, which serve as a basis to derive the discount rate.\"},{\"bbox\":[282.1,715.7,292.4,725.2],\"lines\":[{\"bbox\":[282.1,715.7,292.4,725.2],\"text\":\"75\"}],\"order\":50,\"text\":\"75\"}],\"doc\":\"fintabnet:IPG_2017\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"Notes to Consolidated Financial Statements – (continued)\\n(Amounts in Millions, Except Per Share Amounts)\\n\\nIn 2018, we estimate that we will recognize $1.5 and $6.0 of net actuarial losses from accumulated other comprehensive\\nloss, net into net periodic cost related to our domestic pension plan and significant foreign pension plans, respectively.\\n\\nDecember 31,\\n\\nDomestic\\nPension Plan\\n2017\\n2016\\n\\nForeign\\nPension Plans\\n2017\\n2016\\n\\nPension plans with underfunded or unfunded accumulated benefit obligation\\nAggregate projected benefit obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAggregate accumulated benefit obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAggregate fair value of plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$125.4\\n125.4\\n98.8\\n\\n$576.6\\n575.2\\n389.5\\n\\n$126.6\\n126.6\\n95.2\\n\\n$525.3\\n523.8\\n352.9\\n\\nNet Periodic Cost\\n\\nThe components of net periodic benefit cost and key assumptions are listed below.\\n\\nYears ended December 31,\\n\\nService cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected return on plan assets . . . . . . . . . . . . . . . .\\nSettlement and curtailment losses (gains) . . . . . . .\\nAmortization of:\\nPrior service cost (credit) . . . . . . . . . . . . . . . .\\nNet actuarial losses . . . . . . . . . . . . . . . . . . . . .\\n\\nNet periodic cost . . . . . . . . . . . . . . . . . .\\n\\nDomestic Pension Plan\\n2017\\n2016\\n2015\\n\\nForeign Pension Plans\\n2017\\n2016\\n2015\\n\\nDomestic Postretirement\\nBenefit Plan\\n2017\\n2016\\n2015\\n\\n$ 0.0 $ 0.0 $ 0.0 $ 4.9 $ 6.7 $ 11.1 $ 0.0\\n5.1\\n5.9\\n0.3\\n13.5\\n15.1\\n18.9\\n1.3\\n(6.2)\\n(6.6)\\n(7.6) (17.7) (18.7) (20.6)\\n0.0\\n0.0\\n0.0\\n0.0\\n6.8\\n0.4\\n(0.2)\\n0.0\\n\\n0.0\\n1.5\\n\\n0.0\\n1.3\\n\\n$ 0.4\\n\\n$ 0.6\\n\\n0.0\\n6.5\\n\\n$ 0.0\\n1.5\\n0.0\\n0.0\\n\\n$ 0.0\\n1.5\\n0.0\\n0.0\\n\\n0.1\\n5.5\\n\\n0.1\\n4.2\\n\\n0.1\\n4.1\\n\\n(0.2)\\n0.0\\n\\n(0.2)\\n0.0\\n\\n(0.1)\\n0.0\\n\\n$ (0.8) $ 13.1\\n\\n$ 7.8\\n\\n$ 13.4\\n\\n$ 1.1\\n\\n$ 1.3\\n\\n$ 1.4\\n\\nAssumptions\\n\\nYears ended December 31,\\n\\nNet periodic cost\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of compensation increase . . . . . . . . . . . . . . . . .\\nExpected return on plan assets . . . . . . . . . . . . . . . . .\\nBenefit obligation\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of compensation increase . . . . . . . . . . . . . . . . .\\nHealth care cost trend rate assumed for next year\\nInitial rate (weighted-average) . . . . . . . . . . . . . . . . .\\nYear ultimate rate is reached . . . . . . . . . . . . . . . . . .\\nUltimate rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nDomestic Pension Plan\\n2017\\n2016\\n2015\\n\\nForeign Pension Plans\\n2017\\n2016\\n2015\\n\\nDomestic Postretirement\\nBenefit Plan\\n2017\\n2016\\n2015\\n\\n4.20% 4.80% 4.15% 2.52% 3.61% 3.41%\\nN/A\\nN/A\\nN/A\\n2.36% 3.18% 2.99%\\n7.00% 7.00% 7.00% 4.66% 5.38% 5.01%\\n\\n4.05% 4.65% 4.00%\\nN/A\\nN/A\\nN/A\\nN/A\\nN/A\\nN/A\\n\\n3.70% 4.20% 4.80% 2.36% 2.52% 3.61%\\nN/A\\nN/A\\nN/A\\n2.37% 2.36% 3.25%\\n\\n3.65% 4.05% 4.65%\\nN/A\\nN/A\\nN/A\\n\\n6.50% 6.75% 7.00%\\n2024\\n2024\\n2024\\n5.00% 5.00% 5.00%\\n\\nDiscount Rates – At December 31, 2017, 2016 and 2015, we determined our discount rates for our Domestic Pension\\nPlan, foreign pension plans and domestic postretirement benefit plan based on either a bond selection/settlement approach or\\nbond yield curve approach. Using the bond selection/settlement approach, we determine the discount rate by selecting a\\nportfolio of corporate bonds appropriate to provide for the projected benefit payments. Using the bond yield curve approach,\\nwe determine the discount rate by matching the plans’ cash flows to spot rates developed from a yield curve. Both\\napproaches utilize high-quality AA-rated corporate bonds and the plans’ projected cash flows to develop a discounted value\\nof the benefit payments, which is then used to develop a single discount rate. In countries where markets for high-quality\\nlong-term AA corporate bonds are not well developed, a portfolio of long-term government bonds is used as a basis to\\ndevelop hypothetical corporate bond yields, which serve as a basis to derive the discount rate.\\n\\n75\",\"name\":\"fintabnet.IPG_2017_page_85__72dpi_medium\",\"page_id\":\"fintabnet.IPG_2017_page_85\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.68,\"source\":\"fintabnet\",\"source_id\":\"IPG_2017_page_85\",\"stack\":[{\"deg\":-1.68,\"op\":\"skew\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":2.422,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":7.04},{\"gain\":0.813,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":58}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[50.6,114.0,556.7,208.3],\"block_orders\":[2,3,4,5,6,7,8,9],\"cells\":null},{\"bbox\":[39.4,415.6,553.2,590.4],\"block_orders\":[39,40,41,42,43,44,45,46,47,48],\"cells\":null}],\"text\":\"Notes to Consolidated Financial Statements – (continued)\\n(Amounts in Millions, Except Per Share Amounts)\\n\\nIn 2018, we estimate that we will recognize $1.5 and $6.0 of net actuarial losses from accumulated other comprehensive\\nloss, net into net periodic cost related to our domestic pension plan and significant foreign pension plans, respectively.\\n\\nDecember 31,\\n\\nDomestic\\nPension Plan\\n2017\\n2016\\n\\nForeign\\nPension Plans\\n2017\\n2016\\n\\nPension plans with underfunded or unfunded accumulated benefit obligation\\nAggregate projected benefit obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAggregate accumulated benefit obligation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAggregate fair value of plan assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$125.4\\n125.4\\n98.8\\n\\n$576.6\\n575.2\\n389.5\\n\\n$126.6\\n126.6\\n95.2\\n\\n$525.3\\n523.8\\n352.9\\n\\nNet Periodic Cost\\n\\nThe components of net periodic benefit cost and key assumptions are listed below.\\n\\nYears ended December 31,\\n\\nService cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInterest cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected return on plan assets . . . . . . . . . . . . . . . .\\nSettlement and curtailment losses (gains) . . . . . . .\\nAmortization of:\\nPrior service cost (credit) . . . . . . . . . . . . . . . .\\nNet actuarial losses . . . . . . . . . . . . . . . . . . . . .\\n\\nNet periodic cost . . . . . . . . . . . . . . . . . .\\n\\nDomestic Pension Plan\\n2017\\n2016\\n2015\\n\\nForeign Pension Plans\\n2017\\n2016\\n2015\\n\\nDomestic Postretirement\\nBenefit Plan\\n2017\\n2016\\n2015\\n\\n$ 0.0 $ 0.0 $ 0.0 $ 4.9 $ 6.7 $ 11.1 $ 0.0\\n5.1\\n5.9\\n0.3\\n13.5\\n15.1\\n18.9\\n1.3\\n(6.2)\\n(6.6)\\n(7.6) (17.7) (18.7) (20.6)\\n0.0\\n0.0\\n0.0\\n0.0\\n6.8\\n0.4\\n(0.2)\\n0.0\\n\\n0.0\\n1.5\\n\\n0.0\\n1.3\\n\\n$ 0.4\\n\\n$ 0.6\\n\\n0.0\\n6.5\\n\\n$ 0.0\\n1.5\\n0.0\\n0.0\\n\\n$ 0.0\\n1.5\\n0.0\\n0.0\\n\\n0.1\\n5.5\\n\\n0.1\\n4.2\\n\\n0.1\\n4.1\\n\\n(0.2)\\n0.0\\n\\n(0.2)\\n0.0\\n\\n(0.1)\\n0.0\\n\\n$ (0.8) $ 13.1\\n\\n$ 7.8\\n\\n$ 13.4\\n\\n$ 1.1\\n\\n$ 1.3\\n\\n$ 1.4\\n\\nAssumptions\\n\\nYears ended December 31,\\n\\nNet periodic cost\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of compensation increase . . . . . . . . . . . . . . . . .\\nExpected return on plan assets . . . . . . . . . . . . . . . . .\\nBenefit obligation\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of compensation increase . . . . . . . . . . . . . . . . .\\nHealth care cost trend rate assumed for next year\\nInitial rate (weighted-average) . . . . . . . . . . . . . . . . .\\nYear ultimate rate is reached . . . . . . . . . . . . . . . . . .\\nUltimate rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nDomestic Pension Plan\\n2017\\n2016\\n2015\\n\\nForeign Pension Plans\\n2017\\n2016\\n2015\\n\\nDomestic Postretirement\\nBenefit Plan\\n2017\\n2016\\n2015\\n\\n4.20% 4.80% 4.15% 2.52% 3.61% 3.41%\\nN/A\\nN/A\\nN/A\\n2.36% 3.18% 2.99%\\n7.00% 7.00% 7.00% 4.66% 5.38% 5.01%\\n\\n4.05% 4.65% 4.00%\\nN/A\\nN/A\\nN/A\\nN/A\\nN/A\\nN/A\\n\\n3.70% 4.20% 4.80% 2.36% 2.52% 3.61%\\nN/A\\nN/A\\nN/A\\n2.37% 2.36% 3.25%\\n\\n3.65% 4.05% 4.65%\\nN/A\\nN/A\\nN/A\\n\\n6.50% 6.75% 7.00%\\n2024\\n2024\\n2024\\n5.00% 5.00% 5.00%\\n\\nDiscount Rates – At December 31, 2017, 2016 and 2015, we determined our discount rates for our Domestic Pension\\nPlan, foreign pension plans and domestic postretirement benefit plan based on either a bond selection/settlement approach or\\nbond yield curve approach. Using the bond selection/settlement approach, we determine the discount rate by selecting a\\nportfolio of corporate bonds appropriate to provide for the projected benefit payments. Using the bond yield curve approach,\\nwe determine the discount rate by matching the plans’ cash flows to spot rates developed from a yield curve. Both\\napproaches utilize high-quality AA-rated corporate bonds and the plans’ projected cash flows to develop a discounted value\\nof the benefit payments, which is then used to develop a single discount rate. In countries where markets for high-quality\\nlong-term AA corporate bonds are not well developed, a portfolio of long-term government bonds is used as a basis to\\ndevelop hypothetical corporate bond yields, which serve as a basis to derive the discount rate.\\n\\n75\"},\"name\":\"fintabnet.IPG_2017_page_85__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":64010,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:IPG_2017\",\"dpi\":72,\"gt_sha256\":\"45668be99a1e714432d8724f12a638baa3538568d31d3051917d5b7390cfda3b\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.IPG_2017_page_85__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.IPG_2017_page_85\",\"pdf_sha256\":\"f4d2446f1b52848b0ec9356a08d209c28ff8af8b925c13b4c0df00cf3976bafc\",\"px\":[594,774],\"scan\":{\"render\":\"000007e0207e7e1e200061fe70fe31dc000071fe71fc7c087ffe7ffe7fe40000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"IPG_2017_page_85\",\"src\":{\"file_sha256\":\"16ae2d947b8ea595d2a7d9b7bf9d64bde4e9cc05f615b88bb3ec62d855bbc8bb\",\"render\":\"000007e0001e7c9e700021fe71b031fe000061fe71fe7c0e7ffe7ffe3ae00000\",\"text\":\"59331a4bbdcb70703bcb243defcf0a5b7ec90645e9d567bb3aa3b3352b8d943a\"},\"stack\":[{\"deg\":-1.68,\"op\":\"skew\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":2.422,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":7.04},{\"gain\":0.813,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":58}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f4d2446f1b52848b0ec9356a08d209c28ff8af8b925c13b4c0df00cf3976bafc\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f4d2446f1b52848b0ec9356a08d209c28ff8af8b925c13b4c0df00cf3976bafc.pdf","asset_sha256":"f4d2446f1b52848b0ec9356a08d209c28ff8af8b925c13b4c0df00cf3976bafc","document_id":"fintabnet:IPG_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IPG_2017_page_85\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IP_2012_page_101\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:IP_2012\",\"ground_truth\":{\"blocks\":[{\"bbox\":[866.8,174.5,1477.5,358.4],\"lines\":[{\"bbox\":[866.8,174.5,1475.4,205.7],\"text\":\"same financial statement line item and in the same\"},{\"bbox\":[867.2,205.1,1475.7,236.2],\"text\":\"period or periods during which the hedged trans-\"},{\"bbox\":[867.7,235.6,1476.2,266.8],\"text\":\"actions affect earnings. The ineffective and non-\"},{\"bbox\":[868.1,266.1,1476.6,297.3],\"text\":\"qualifying portions, which are not material for any\"},{\"bbox\":[868.5,296.7,1477.1,327.9],\"text\":\"year presented, are immediately recognized in earn-\"},{\"bbox\":[868.9,334.8,924.5,358.4],\"text\":\"ings.\"}],\"order\":0,\"text\":\"same financial statement line item and in the same\\nperiod or periods during which the hedged trans-\\nactions affect earnings. The ineffective and non-\\nqualifying portions, which are not material for any\\nyear presented, are immediately recognized in earn-\\nings.\"},{\"bbox\":[175.2,184.0,785.5,337.4],\"lines\":[{\"bbox\":[175.2,184.0,783.7,215.2],\"text\":\"comprehensive income (“AOCI”) and reclassified\"},{\"bbox\":[175.6,214.5,784.2,245.7],\"text\":\"into interest expense over the life of the underlying\"},{\"bbox\":[176.1,245.1,784.5,276.3],\"text\":\"debt. The ineffective portion for both cash flow and\"},{\"bbox\":[176.5,275.6,785.1,306.8],\"text\":\"fair value hedges, which is not material for any year\"},{\"bbox\":[176.9,306.7,744.6,337.4],\"text\":\"presented, is immediately recognized in earnings.\"}],\"order\":1,\"text\":\"comprehensive income (“AOCI”) and reclassified\\ninto interest expense over the life of the underlying\\ndebt. The ineffective portion for both cash flow and\\nfair value hedges, which is not material for any year\\npresented, is immediately recognized in earnings.\"},{\"bbox\":[177.6,362.3,653.5,386.5],\"lines\":[{\"bbox\":[177.6,362.3,653.5,386.5],\"text\":\"FOREIGN CURRENCY RISK MANAGEMENT\"}],\"order\":2,\"text\":\"FOREIGN CURRENCY RISK MANAGEMENT\"},{\"bbox\":[869.7,385.3,1479.0,477.6],\"lines\":[{\"bbox\":[869.7,385.3,1478.1,416.5],\"text\":\"The notional amounts of qualifying and non-\"},{\"bbox\":[870.1,415.8,1478.6,447.0],\"text\":\"qualifying instruments used in hedging transactions\"},{\"bbox\":[870.5,452.2,1056.2,477.6],\"text\":\"were as follows:\"}],\"order\":3,\"text\":\"The notional amounts of qualifying and non-\\nqualifying instruments used in hedging transactions\\nwere as follows:\"},{\"bbox\":[178.2,404.0,789.4,618.4],\"lines\":[{\"bbox\":[178.2,404.0,786.8,435.1],\"text\":\"We manufacture and sell our products and finance\"},{\"bbox\":[178.6,434.5,787.2,465.7],\"text\":\"operations in a number of countries throughout the\"},{\"bbox\":[179.1,465.1,787.7,496.2],\"text\":\"world and, as a result, are exposed to movements in\"},{\"bbox\":[179.5,495.6,788.1,526.8],\"text\":\"foreign currency exchange rates. The purpose of our\"},{\"bbox\":[179.9,526.2,788.5,557.3],\"text\":\"foreign currency hedging program is to manage the\"},{\"bbox\":[180.3,556.7,789.0,587.9],\"text\":\"volatility associated with the changes in exchange\"},{\"bbox\":[180.7,594.7,244.2,618.4],\"text\":\"rates.\"}],\"order\":4,\"text\":\"We manufacture and sell our products and finance\\noperations in a number of countries throughout the\\nworld and, as a result, are exposed to movements in\\nforeign currency exchange rates. The purpose of our\\nforeign currency hedging program is to manage the\\nvolatility associated with the changes in exchange\\nrates.\"},{\"bbox\":[1230.1,499.6,1480.1,546.1],\"lines\":[{\"bbox\":[1230.1,499.6,1479.7,523.9],\"text\":\"December 31, December 31,\"},{\"bbox\":[1310.0,523.6,1348.5,545.0],\"text\":\"2012\"},{\"bbox\":[1441.6,521.8,1480.1,542.6],\"text\":\"2011\"}],\"order\":5,\"text\":\"December 31, December 31,\\n2012\\n2011\"},{\"bbox\":[871.6,533.0,951.0,549.4],\"lines\":[{\"bbox\":[871.6,533.0,951.0,549.4],\"text\":\"In millions\"}],\"order\":6,\"text\":\"In millions\"},{\"bbox\":[872.1,567.1,1223.7,1358.7],\"lines\":[{\"bbox\":[872.1,567.9,1156.3,592.1],\"text\":\"Derivatives in Cash Flow Hedging\"},{\"bbox\":[894.8,603.2,1014.4,625.1],\"text\":\"Relationships:\"},{\"bbox\":[873.0,633.9,1207.0,658.7],\"text\":\"Foreign exchange contracts (Sell / Buy;\"},{\"bbox\":[895.7,667.7,1171.5,691.7],\"text\":\"denominated in sell notional): (a)\"},{\"bbox\":[896.2,701.2,1161.3,725.1],\"text\":\"British pounds / Brazilian real –\"},{\"bbox\":[918.8,736.8,990.6,758.1],\"text\":\"Forward\"},{\"bbox\":[897.1,767.8,1164.8,791.7],\"text\":\"European euro / Brazilian real –\"},{\"bbox\":[919.8,803.5,991.6,824.8],\"text\":\"Forward\"},{\"bbox\":[898.0,834.7,1149.2,858.4],\"text\":\"European euro / Polish zloty –\"},{\"bbox\":[920.7,870.2,992.5,891.4],\"text\":\"Forward\"},{\"bbox\":[898.9,900.6,1204.1,925.1],\"text\":\"U.S. dollar / Brazilian real – Forward\"},{\"bbox\":[899.4,933.8,1216.1,958.4],\"text\":\"U.S. dollar / Brazilian real – Zero-cost\"},{\"bbox\":[922.0,970.5,970.9,991.4],\"text\":\"collar\"},{\"bbox\":[900.3,1000.4,1219.2,1025.0],\"text\":\"U.S. dollar / European euro – Forward\"},{\"bbox\":[878.5,1034.2,1182.7,1058.7],\"text\":\"Natural gas contracts (in MMBTUs)\"},{\"bbox\":[879.0,1067.2,1212.6,1092.0],\"text\":\"Derivatives Not Designated as Hedging\"},{\"bbox\":[901.6,1103.3,1008.2,1125.0],\"text\":\"Instruments:\"},{\"bbox\":[879.9,1134.9,1133.4,1158.7],\"text\":\"Embedded derivative (in USD)\"},{\"bbox\":[880.3,1167.2,1214.3,1192.0],\"text\":\"Foreign exchange contracts (Sell / Buy;\"},{\"bbox\":[903.0,1201.3,1152.0,1225.0],\"text\":\"denominated in sell notional):\"},{\"bbox\":[903.5,1235.2,1113.5,1258.4],\"text\":\"Indian rupee / U.S. dollar\"},{\"bbox\":[903.9,1268.9,1085.6,1291.7],\"text\":\"Thai baht / U.S. dollar\"},{\"bbox\":[904.4,1302.1,1100.8,1325.0],\"text\":\"U.S. dollar / Turkish lira\"},{\"bbox\":[904.8,1334.4,1169.8,1358.3],\"text\":\"Interest rate contracts (in USD)\"}],\"order\":7,\"text\":\"Derivatives in Cash Flow Hedging\\nRelationships:\\nForeign exchange contracts (Sell / Buy;\\ndenominated in sell notional): (a)\\nBritish pounds / Brazilian real –\\nForward\\nEuropean euro / Brazilian real –\\nForward\\nEuropean euro / Polish zloty –\\nForward\\nU.S. dollar / Brazilian real – Forward\\nU.S. dollar / Brazilian real – Zero-cost\\ncollar\\nU.S. dollar / European euro – Forward\\nNatural gas contracts (in MMBTUs)\\nDerivatives Not Designated as Hedging\\nInstruments:\\nEmbedded derivative (in USD)\\nForeign exchange contracts (Sell / Buy;\\ndenominated in sell notional):\\nIndian rupee / U.S. dollar\\nThai baht / U.S. dollar\\nU.S. dollar / Turkish lira\\nInterest rate contracts (in USD)\"},{\"bbox\":[181.4,634.7,795.0,1032.5],\"lines\":[{\"bbox\":[181.4,634.7,790.0,665.9],\"text\":\"To manage this exchange rate risk, we have histor-\"},{\"bbox\":[181.8,665.3,790.4,696.5],\"text\":\"ically utilized a combination of forward contracts,\"},{\"bbox\":[182.2,695.8,790.8,727.0],\"text\":\"options and currency swaps. Contracts that qualify\"},{\"bbox\":[182.6,726.4,791.3,757.6],\"text\":\"are designated as cash flow hedges of certain fore-\"},{\"bbox\":[183.0,756.9,791.7,788.1],\"text\":\"casted transactions denominated in foreign curren-\"},{\"bbox\":[183.5,787.5,792.1,818.7],\"text\":\"cies. The effective portion of the changes in fair value\"},{\"bbox\":[183.9,818.0,792.5,849.2],\"text\":\"of these instruments is reported in AOCI and\"},{\"bbox\":[184.3,848.6,792.9,879.8],\"text\":\"reclassified into earnings in the same financial\"},{\"bbox\":[184.7,879.1,793.2,910.3],\"text\":\"statement line item and in the same period or peri-\"},{\"bbox\":[185.1,909.7,793.7,940.8],\"text\":\"ods during which the related hedged transactions\"},{\"bbox\":[185.5,940.2,794.1,971.4],\"text\":\"affect earnings. The ineffective portion, which is not\"},{\"bbox\":[186.0,970.8,794.6,1001.9],\"text\":\"material for any year presented, is immediately\"},{\"bbox\":[186.4,1006.0,452.5,1032.5],\"text\":\"recognized in earnings.\"}],\"order\":8,\"text\":\"To manage this exchange rate risk, we have histor-\\nically utilized a combination of forward contracts,\\noptions and currency swaps. Contracts that qualify\\nare designated as cash flow hedges of certain fore-\\ncasted transactions denominated in foreign curren-\\ncies. The effective portion of the changes in fair value\\nof these instruments is reported in AOCI and\\nreclassified into earnings in the same financial\\nstatement line item and in the same period or peri-\\nods during which the related hedged transactions\\naffect earnings. The ineffective portion, which is not\\nmaterial for any year presented, is immediately\\nrecognized in earnings.\"},{\"bbox\":[187.0,1048.8,800.7,1446.6],\"lines\":[{\"bbox\":[187.0,1048.8,795.7,1080.0],\"text\":\"In the second quarter of 2012, the Company added\"},{\"bbox\":[187.4,1079.4,795.9,1110.5],\"text\":\"zero-cost collar option contracts to its portfolio to\"},{\"bbox\":[187.9,1109.9,796.6,1141.1],\"text\":\"manage its exposure to U.S. dollar / Brazilian real\"},{\"bbox\":[188.3,1140.5,796.9,1171.6],\"text\":\"exchange rates. These zero-cost collar instruments\"},{\"bbox\":[188.7,1171.0,797.3,1202.2],\"text\":\"qualify as cash flow hedges of certain forecasted\"},{\"bbox\":[189.1,1201.5,797.7,1232.7],\"text\":\"transactions denominated in U.S. dollars. The effec-\"},{\"bbox\":[189.5,1232.1,798.2,1263.3],\"text\":\"tive portion of the changes in fair value of these\"},{\"bbox\":[189.9,1262.6,798.6,1293.8],\"text\":\"instruments is reported in AOCI and reclassified into\"},{\"bbox\":[190.4,1293.2,799.0,1324.4],\"text\":\"earnings in the same financial statement line item\"},{\"bbox\":[190.8,1323.7,799.4,1354.9],\"text\":\"and in the same period or periods during which the\"},{\"bbox\":[191.2,1354.3,799.9,1385.5],\"text\":\"related hedged transactions affect earnings. The\"},{\"bbox\":[191.6,1384.8,800.2,1416.0],\"text\":\"ineffective portion is immediately recognized in\"},{\"bbox\":[192.0,1422.2,298.7,1446.6],\"text\":\"earnings.\"}],\"order\":9,\"text\":\"In the second quarter of 2012, the Company added\\nzero-cost collar option contracts to its portfolio to\\nmanage its exposure to U.S. dollar / Brazilian real\\nexchange rates. These zero-cost collar instruments\\nqualify as cash flow hedges of certain forecasted\\ntransactions denominated in U.S. dollars. The effec-\\ntive portion of the changes in fair value of these\\ninstruments is reported in AOCI and reclassified into\\nearnings in the same financial statement line item\\nand in the same period or periods during which the\\nrelated hedged transactions affect earnings. The\\nineffective portion is immediately recognized in\\nearnings.\"},{\"bbox\":[1331.7,731.9,1351.3,753.0],\"lines\":[{\"bbox\":[1331.7,731.9,1351.3,753.0],\"text\":\"13\"}],\"order\":10,\"text\":\"13\"},{\"bbox\":[1463.4,730.1,1483.0,750.7],\"lines\":[{\"bbox\":[1463.4,730.1,1483.0,750.7],\"text\":\"26\"}],\"order\":11,\"text\":\"26\"},{\"bbox\":[1332.6,798.6,1352.2,819.7],\"lines\":[{\"bbox\":[1332.6,798.6,1352.2,819.7],\"text\":\"13\"}],\"order\":12,\"text\":\"13\"},{\"bbox\":[1464.3,796.8,1483.9,817.3],\"lines\":[{\"bbox\":[1464.3,796.8,1483.9,817.3],\"text\":\"16\"}],\"order\":13,\"text\":\"16\"},{\"bbox\":[1324.1,865.2,1353.6,919.8],\"lines\":[{\"bbox\":[1324.1,865.2,1353.1,886.5],\"text\":\"149\"},{\"bbox\":[1324.5,898.6,1353.6,919.8],\"text\":\"238\"}],\"order\":14,\"text\":\"149\\n238\"},{\"bbox\":[1455.7,863.4,1485.2,917.4],\"lines\":[{\"bbox\":[1455.7,863.4,1484.8,884.1],\"text\":\"233\"},{\"bbox\":[1456.2,896.8,1485.2,917.4],\"text\":\"344\"}],\"order\":15,\"text\":\"233\\n344\"},{\"bbox\":[1332.0,965.2,1355.4,1053.1],\"lines\":[{\"bbox\":[1334.9,965.2,1354.5,986.4],\"text\":\"18\"},{\"bbox\":[1332.4,998.6,1355.0,1019.7],\"text\":\"—\"},{\"bbox\":[1332.9,1031.9,1355.4,1053.1],\"text\":\"—\"}],\"order\":16,\"text\":\"18\\n—\\n—\"},{\"bbox\":[1463.6,963.4,1487.1,1050.7],\"lines\":[{\"bbox\":[1463.6,963.4,1486.1,984.0],\"text\":\"—\"},{\"bbox\":[1467.0,996.8,1486.6,1017.3],\"text\":\"13\"},{\"bbox\":[1476.9,1030.1,1487.1,1050.5],\"text\":\"3\"}],\"order\":17,\"text\":\"—\\n13\\n3\"},{\"bbox\":[1327.7,1131.9,1356.8,1153.1],\"lines\":[{\"bbox\":[1327.7,1131.9,1356.8,1153.1],\"text\":\"150\"}],\"order\":18,\"text\":\"150\"},{\"bbox\":[1459.4,1130.1,1488.4,1150.8],\"lines\":[{\"bbox\":[1459.4,1130.1,1488.4,1150.8],\"text\":\"150\"}],\"order\":19,\"text\":\"150\"},{\"bbox\":[1329.1,1231.6,1381.7,1353.1],\"lines\":[{\"bbox\":[1329.1,1231.9,1358.1,1253.1],\"text\":\"140\"},{\"bbox\":[1329.6,1265.2,1358.6,1286.5],\"text\":\"261\"},{\"bbox\":[1339.5,1298.5,1359.0,1319.7],\"text\":\"56\"},{\"bbox\":[1330.5,1331.6,1381.7,1353.1],\"text\":\"150(b)\"}],\"order\":20,\"text\":\"140\\n261\\n56\\n150(b)\"},{\"bbox\":[1460.8,1229.8,1513.3,1350.7],\"lines\":[{\"bbox\":[1460.8,1230.1,1489.8,1250.7],\"text\":\"904\"},{\"bbox\":[1467.7,1263.4,1490.2,1284.0],\"text\":\"—\"},{\"bbox\":[1468.2,1296.7,1490.7,1317.3],\"text\":\"—\"},{\"bbox\":[1462.1,1329.8,1513.3,1350.7],\"text\":\"150(b)\"}],\"order\":21,\"text\":\"904\\n—\\n—\\n150(b)\"},{\"bbox\":[883.3,1381.8,1492.7,1482.9],\"lines\":[{\"bbox\":[883.3,1381.8,1491.7,1407.9],\"text\":\"(a) These contracts had maturities of three years or less as of\"},{\"bbox\":[912.8,1412.3,1091.7,1432.5],\"text\":\"December 31, 2012.\"},{\"bbox\":[884.0,1431.8,1492.4,1457.9],\"text\":\"(b) Includes $150 million floating-to-fixed interest rate swap\"},{\"bbox\":[913.5,1459.3,1306.6,1482.5],\"text\":\"notional to offset the embedded derivative.\"}],\"order\":22,\"text\":\"(a) These contracts had maturities of three years or less as of\\nDecember 31, 2012.\\n(b) Includes $150 million floating-to-fixed interest rate swap\\nnotional to offset the embedded derivative.\"},{\"bbox\":[192.7,1462.9,803.9,1677.3],\"lines\":[{\"bbox\":[192.7,1462.9,801.2,1494.0],\"text\":\"The change in value of certain non-qualifying instru-\"},{\"bbox\":[193.1,1493.4,801.8,1524.6],\"text\":\"ments used to manage foreign exchange exposure\"},{\"bbox\":[193.5,1524.0,802.1,1555.1],\"text\":\"of intercompany financing transactions and certain\"},{\"bbox\":[193.9,1554.5,802.6,1585.7],\"text\":\"balance sheet items subject to revaluation is\"},{\"bbox\":[194.3,1585.1,803.0,1616.2],\"text\":\"immediately recognized in earnings, substantially\"},{\"bbox\":[194.8,1615.6,803.3,1646.8],\"text\":\"offsetting the foreign currency mark-to-market\"},{\"bbox\":[195.2,1649.6,551.1,1677.3],\"text\":\"impact of the related exposure.\"}],\"order\":23,\"text\":\"The change in value of certain non-qualifying instru-\\nments used to manage foreign exchange exposure\\nof intercompany financing transactions and certain\\nbalance sheet items subject to revaluation is\\nimmediately recognized in earnings, substantially\\noffsetting the foreign currency mark-to-market\\nimpact of the related exposure.\"},{\"bbox\":[885.1,1510.8,1494.5,1603.1],\"lines\":[{\"bbox\":[885.1,1510.8,1493.6,1542.0],\"text\":\"The following table shows gains or losses recog-\"},{\"bbox\":[885.5,1541.4,1494.1,1572.5],\"text\":\"nized in AOCI, net of tax, related to derivative\"},{\"bbox\":[885.9,1578.2,1030.2,1603.1],\"text\":\"instruments:\"}],\"order\":24,\"text\":\"The following table shows gains or losses recog-\\nnized in AOCI, net of tax, related to derivative\\ninstruments:\"},{\"bbox\":[195.9,1703.7,581.9,1726.7],\"lines\":[{\"bbox\":[195.9,1703.7,581.9,1726.7],\"text\":\"COMMODITY RISK MANAGEMENT\"}],\"order\":25,\"text\":\"COMMODITY RISK MANAGEMENT\"},{\"bbox\":[887.7,1712.6,967.1,1729.0],\"lines\":[{\"bbox\":[887.7,1712.6,967.1,1729.0],\"text\":\"In millions\"}],\"order\":26,\"text\":\"In millions\"},{\"bbox\":[196.5,1744.1,809.0,2050.2],\"lines\":[{\"bbox\":[196.5,1744.1,805.0,1775.3],\"text\":\"Certain raw materials used in our production proc-\"},{\"bbox\":[196.9,1774.7,805.5,1805.8],\"text\":\"esses are subject to price volatility caused by weath-\"},{\"bbox\":[197.3,1805.2,805.8,1836.4],\"text\":\"er, supply conditions, political and economic\"},{\"bbox\":[197.8,1835.8,806.3,1866.9],\"text\":\"variables and other unpredictable factors. To man-\"},{\"bbox\":[198.2,1866.3,806.7,1897.5],\"text\":\"age the volatility in earnings due to price fluctua-\"},{\"bbox\":[198.6,1896.9,807.0,1928.0],\"text\":\"tions, we may utilize swap contracts. These contracts\"},{\"bbox\":[199.0,1927.4,807.5,1958.6],\"text\":\"are designated as cash flow hedges of forecasted\"},{\"bbox\":[199.4,1958.0,808.0,1989.1],\"text\":\"commodity purchases. The effective portion of the\"},{\"bbox\":[199.9,1988.5,808.6,2019.7],\"text\":\"changes in fair value for these instruments is\"},{\"bbox\":[200.3,2019.0,808.9,2050.2],\"text\":\"reported in AOCI and reclassified into earnings in the\"}],\"order\":27,\"text\":\"Certain raw materials used in our production proc-\\nesses are subject to price volatility caused by weath-\\ner, supply conditions, political and economic\\nvariables and other unpredictable factors. To man-\\nage the volatility in earnings due to price fluctua-\\ntions, we may utilize swap contracts. These contracts\\nare designated as cash flow hedges of forecasted\\ncommodity purchases. The effective portion of the\\nchanges in fair value for these instruments is\\nreported in AOCI and reclassified into earnings in the\"},{\"bbox\":[1200.6,1625.0,1496.4,1726.3],\"lines\":[{\"bbox\":[1400.3,1625.0,1495.3,1646.6],\"text\":\"Gain (Loss)\"},{\"bbox\":[1200.9,1647.3,1495.7,1671.6],\"text\":\"Recognized in AOCI on Derivatives\"},{\"bbox\":[1344.0,1669.5,1495.8,1691.8],\"text\":\"(Effective Portion)\"},{\"bbox\":[1243.0,1704.3,1281.5,1725.7],\"text\":\"2012\"},{\"bbox\":[1350.4,1702.9,1388.9,1723.7],\"text\":\"2011\"},{\"bbox\":[1457.7,1701.4,1496.2,1722.2],\"text\":\"2010\"}],\"order\":28,\"text\":\"Gain (Loss)\\nRecognized in AOCI on Derivatives\\n(Effective Portion)\\n2012\\n2011\\n2010\"},{\"bbox\":[888.2,1748.1,1128.3,1838.3],\"lines\":[{\"bbox\":[888.2,1748.1,1127.4,1771.7],\"text\":\"Foreign exchange contracts\"},{\"bbox\":[888.7,1782.7,1035.1,1805.0],\"text\":\"Fuel oil contracts\"},{\"bbox\":[889.1,1815.5,1074.8,1838.3],\"text\":\"Natural gas contracts\"}],\"order\":29,\"text\":\"Foreign exchange contracts\\nFuel oil contracts\\nNatural gas contracts\"},{\"bbox\":[1249.7,1745.9,1288.7,1834.0],\"lines\":[{\"bbox\":[1249.7,1746.0,1282.1,1767.3],\"text\":\"$ 16\"},{\"bbox\":[1260.0,1779.3,1282.5,1800.5],\"text\":\"—\"},{\"bbox\":[1267.1,1812.6,1288.7,1833.7],\"text\":\"(1)\"}],\"order\":30,\"text\":\"$ 16\\n—\\n(1)\"},{\"bbox\":[1354.7,1744.5,1396.1,1832.0],\"lines\":[{\"bbox\":[1354.7,1744.5,1395.2,1765.3],\"text\":\"$(39)\"},{\"bbox\":[1379.7,1777.9,1389.9,1798.3],\"text\":\"2\"},{\"bbox\":[1374.5,1811.1,1396.1,1831.7],\"text\":\"(6)\"}],\"order\":31,\"text\":\"$(39)\\n2\\n(6)\"},{\"bbox\":[1461.7,1743.0,1503.4,1830.5],\"lines\":[{\"bbox\":[1461.7,1743.1,1496.8,1763.8],\"text\":\"$ 37\"},{\"bbox\":[1481.4,1776.3,1503.0,1796.9],\"text\":\"(1)\"},{\"bbox\":[1472.4,1809.7,1503.4,1830.4],\"text\":\"(13)\"}],\"order\":32,\"text\":\"$ 37\\n(1)\\n(13)\"},{\"bbox\":[889.7,1860.5,933.9,1881.9],\"lines\":[{\"bbox\":[889.7,1860.5,933.9,1881.9],\"text\":\"Total\"}],\"order\":33,\"text\":\"Total\"},{\"bbox\":[1251.2,1855.7,1283.5,1877.0],\"lines\":[{\"bbox\":[1251.2,1855.7,1283.5,1877.0],\"text\":\"$ 15\"}],\"order\":34,\"text\":\"$ 15\"},{\"bbox\":[1356.2,1854.2,1396.7,1875.0],\"lines\":[{\"bbox\":[1356.2,1854.2,1396.7,1875.0],\"text\":\"$(43)\"}],\"order\":35,\"text\":\"$(43)\"},{\"bbox\":[1463.1,1852.8,1498.3,1873.5],\"lines\":[{\"bbox\":[1463.1,1852.8,1498.3,1873.5],\"text\":\"$ 23\"}],\"order\":36,\"text\":\"$ 23\"},{\"bbox\":[890.6,1918.6,1500.5,2041.4],\"lines\":[{\"bbox\":[890.6,1918.6,1499.2,1949.7],\"text\":\"During the next 12 months, the amount of the\"},{\"bbox\":[891.0,1949.1,1499.6,1980.3],\"text\":\"December 31, 2012 AOCI balance, after tax, that is\"},{\"bbox\":[891.5,1979.7,1499.9,2010.8],\"text\":\"expected to be reclassified to earnings is a loss of $9\"},{\"bbox\":[891.9,2017.3,978.2,2041.4],\"text\":\"million.\"}],\"order\":37,\"text\":\"During the next 12 months, the amount of the\\nDecember 31, 2012 AOCI balance, after tax, that is\\nexpected to be reclassified to earnings is a loss of $9\\nmillion.\"},{\"bbox\":[837.0,2066.4,865.1,2089.6],\"lines\":[{\"bbox\":[837.0,2066.4,865.1,2089.6],\"text\":\"74\"}],\"order\":38,\"text\":\"74\"}],\"doc\":\"fintabnet:IP_2012\",\"dpi\":200,\"image_px\":[1675,2175],\"layout\":[],\"markdown\":\"same financial statement line item and in the same\\nperiod or periods during which the hedged trans-\\nactions affect earnings. The ineffective and non-\\nqualifying portions, which are not material for any\\nyear presented, are immediately recognized in earn-\\nings.\\n\\ncomprehensive income (“AOCI”) and reclassified\\ninto interest expense over the life of the underlying\\ndebt. The ineffective portion for both cash flow and\\nfair value hedges, which is not material for any year\\npresented, is immediately recognized in earnings.\\n\\nFOREIGN CURRENCY RISK MANAGEMENT\\n\\nThe notional amounts of qualifying and non-\\nqualifying instruments used in hedging transactions\\nwere as follows:\\n\\nWe manufacture and sell our products and finance\\noperations in a number of countries throughout the\\nworld and, as a result, are exposed to movements in\\nforeign currency exchange rates. The purpose of our\\nforeign currency hedging program is to manage the\\nvolatility associated with the changes in exchange\\nrates.\\n\\nDecember 31, December 31,\\n2012\\n2011\\n\\nIn millions\\n\\nDerivatives in Cash Flow Hedging\\nRelationships:\\nForeign exchange contracts (Sell / Buy;\\ndenominated in sell notional): (a)\\nBritish pounds / Brazilian real –\\nForward\\nEuropean euro / Brazilian real –\\nForward\\nEuropean euro / Polish zloty –\\nForward\\nU.S. dollar / Brazilian real – Forward\\nU.S. dollar / Brazilian real – Zero-cost\\ncollar\\nU.S. dollar / European euro – Forward\\nNatural gas contracts (in MMBTUs)\\nDerivatives Not Designated as Hedging\\nInstruments:\\nEmbedded derivative (in USD)\\nForeign exchange contracts (Sell / Buy;\\ndenominated in sell notional):\\nIndian rupee / U.S. dollar\\nThai baht / U.S. dollar\\nU.S. dollar / Turkish lira\\nInterest rate contracts (in USD)\\n\\nTo manage this exchange rate risk, we have histor-\\nically utilized a combination of forward contracts,\\noptions and currency swaps. Contracts that qualify\\nare designated as cash flow hedges of certain fore-\\ncasted transactions denominated in foreign curren-\\ncies. The effective portion of the changes in fair value\\nof these instruments is reported in AOCI and\\nreclassified into earnings in the same financial\\nstatement line item and in the same period or peri-\\nods during which the related hedged transactions\\naffect earnings. The ineffective portion, which is not\\nmaterial for any year presented, is immediately\\nrecognized in earnings.\\n\\nIn the second quarter of 2012, the Company added\\nzero-cost collar option contracts to its portfolio to\\nmanage its exposure to U.S. dollar / Brazilian real\\nexchange rates. These zero-cost collar instruments\\nqualify as cash flow hedges of certain forecasted\\ntransactions denominated in U.S. dollars. The effec-\\ntive portion of the changes in fair value of these\\ninstruments is reported in AOCI and reclassified into\\nearnings in the same financial statement line item\\nand in the same period or periods during which the\\nrelated hedged transactions affect earnings. The\\nineffective portion is immediately recognized in\\nearnings.\\n\\n13\\n\\n26\\n\\n13\\n\\n16\\n\\n149\\n238\\n\\n233\\n344\\n\\n18\\n—\\n—\\n\\n—\\n13\\n3\\n\\n150\\n\\n150\\n\\n140\\n261\\n56\\n150(b)\\n\\n904\\n—\\n—\\n150(b)\\n\\n(a) These contracts had maturities of three years or less as of\\nDecember 31, 2012.\\n(b) Includes $150 million floating-to-fixed interest rate swap\\nnotional to offset the embedded derivative.\\n\\nThe change in value of certain non-qualifying instru-\\nments used to manage foreign exchange exposure\\nof intercompany financing transactions and certain\\nbalance sheet items subject to revaluation is\\nimmediately recognized in earnings, substantially\\noffsetting the foreign currency mark-to-market\\nimpact of the related exposure.\\n\\nThe following table shows gains or losses recog-\\nnized in AOCI, net of tax, related to derivative\\ninstruments:\\n\\nCOMMODITY RISK MANAGEMENT\\n\\nIn millions\\n\\nCertain raw materials used in our production proc-\\nesses are subject to price volatility caused by weath-\\ner, supply conditions, political and economic\\nvariables and other unpredictable factors. To man-\\nage the volatility in earnings due to price fluctua-\\ntions, we may utilize swap contracts. These contracts\\nare designated as cash flow hedges of forecasted\\ncommodity purchases. 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The ineffective and non-\\nqualifying portions, which are not material for any\\nyear presented, are immediately recognized in earn-\\nings.\\n\\ncomprehensive income (“AOCI”) and reclassified\\ninto interest expense over the life of the underlying\\ndebt. The ineffective portion for both cash flow and\\nfair value hedges, which is not material for any year\\npresented, is immediately recognized in earnings.\\n\\nFOREIGN CURRENCY RISK MANAGEMENT\\n\\nThe notional amounts of qualifying and non-\\nqualifying instruments used in hedging transactions\\nwere as follows:\\n\\nWe manufacture and sell our products and finance\\noperations in a number of countries throughout the\\nworld and, as a result, are exposed to movements in\\nforeign currency exchange rates. The purpose of our\\nforeign currency hedging program is to manage the\\nvolatility associated with the changes in exchange\\nrates.\\n\\nDecember 31, December 31,\\n2012\\n2011\\n\\nIn millions\\n\\nDerivatives in Cash Flow Hedging\\nRelationships:\\nForeign exchange contracts (Sell / Buy;\\ndenominated in sell notional): (a)\\nBritish pounds / Brazilian real –\\nForward\\nEuropean euro / Brazilian real –\\nForward\\nEuropean euro / Polish zloty –\\nForward\\nU.S. dollar / Brazilian real – Forward\\nU.S. dollar / Brazilian real – Zero-cost\\ncollar\\nU.S. dollar / European euro – Forward\\nNatural gas contracts (in MMBTUs)\\nDerivatives Not Designated as Hedging\\nInstruments:\\nEmbedded derivative (in USD)\\nForeign exchange contracts (Sell / Buy;\\ndenominated in sell notional):\\nIndian rupee / U.S. dollar\\nThai baht / U.S. dollar\\nU.S. dollar / Turkish lira\\nInterest rate contracts (in USD)\\n\\nTo manage this exchange rate risk, we have histor-\\nically utilized a combination of forward contracts,\\noptions and currency swaps. Contracts that qualify\\nare designated as cash flow hedges of certain fore-\\ncasted transactions denominated in foreign curren-\\ncies. The effective portion of the changes in fair value\\nof these instruments is reported in AOCI and\\nreclassified into earnings in the same financial\\nstatement line item and in the same period or peri-\\nods during which the related hedged transactions\\naffect earnings. The ineffective portion, which is not\\nmaterial for any year presented, is immediately\\nrecognized in earnings.\\n\\nIn the second quarter of 2012, the Company added\\nzero-cost collar option contracts to its portfolio to\\nmanage its exposure to U.S. dollar / Brazilian real\\nexchange rates. These zero-cost collar instruments\\nqualify as cash flow hedges of certain forecasted\\ntransactions denominated in U.S. dollars. The effec-\\ntive portion of the changes in fair value of these\\ninstruments is reported in AOCI and reclassified into\\nearnings in the same financial statement line item\\nand in the same period or periods during which the\\nrelated hedged transactions affect earnings. The\\nineffective portion is immediately recognized in\\nearnings.\\n\\n13\\n\\n26\\n\\n13\\n\\n16\\n\\n149\\n238\\n\\n233\\n344\\n\\n18\\n—\\n—\\n\\n—\\n13\\n3\\n\\n150\\n\\n150\\n\\n140\\n261\\n56\\n150(b)\\n\\n904\\n—\\n—\\n150(b)\\n\\n(a) These contracts had maturities of three years or less as of\\nDecember 31, 2012.\\n(b) Includes $150 million floating-to-fixed interest rate swap\\nnotional to offset the embedded derivative.\\n\\nThe change in value of certain non-qualifying instru-\\nments used to manage foreign exchange exposure\\nof intercompany financing transactions and certain\\nbalance sheet items subject to revaluation is\\nimmediately recognized in earnings, substantially\\noffsetting the foreign currency mark-to-market\\nimpact of the related exposure.\\n\\nThe following table shows gains or losses recog-\\nnized in AOCI, net of tax, related to derivative\\ninstruments:\\n\\nCOMMODITY RISK MANAGEMENT\\n\\nIn millions\\n\\nCertain raw materials used in our production proc-\\nesses are subject to price volatility caused by weath-\\ner, supply conditions, political and economic\\nvariables and other unpredictable factors. 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SHAREHOLDERS\"}],\"order\":62,\"text\":\"BASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER\\nCOMPANY COMMON SHAREHOLDERS\"},{\"bbox\":[138.4,850.5,846.6,904.9],\"lines\":[{\"bbox\":[139.0,850.5,846.6,886.2],\"text\":\"DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER\"},{\"bbox\":[163.4,870.1,480.1,893.4],\"text\":\"COMPANY COMMON SHAREHOLDERS\"}],\"order\":63,\"text\":\"DILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER\\nCOMPANY COMMON SHAREHOLDERS\"},{\"bbox\":[134.2,982.8,774.4,1035.1],\"lines\":[{\"bbox\":[134.8,982.8,774.4,1016.3],\"text\":\"AMOUNTS ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON\"},{\"bbox\":[159.2,1002.4,296.2,1020.0],\"text\":\"SHAREHOLDERS\"}],\"order\":64,\"text\":\"AMOUNTS ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON\\nSHAREHOLDERS\"},{\"bbox\":[119.4,1469.8,707.4,1503.6],\"lines\":[{\"bbox\":[119.4,1469.8,707.4,1503.6],\"text\":\"The accompanying notes are an integral part of these financial statements.\"}],\"order\":65,\"text\":\"The accompanying notes are an integral part of these financial statements.\"},{\"bbox\":[594.4,1550.0,615.8,1567.8],\"lines\":[{\"bbox\":[594.4,1550.0,615.8,1567.8],\"text\":\"47\"}],\"order\":66,\"text\":\"47\"}],\"doc\":\"fintabnet:IP_2012\",\"dpi\":150,\"image_px\":[1257,1632],\"layout\":[],\"markdown\":\"CONSOLIDATED STATEMENT OF OPERATIONS\\n\\n2012\\n$27,833\\n\\n2011\\n$26,034\\n\\n2010\\n$25,179\\n\\n20,587\\n2,092\\n1,486\\n1,611\\n166\\n109\\n86\\n672\\n\\n18,960\\n1,887\\n1,332\\n1,390\\n146\\n102\\n218\\n541\\n\\n18,482\\n1,930\\n1,456\\n1,318\\n192\\n394\\n(23)\\n608\\n\\n1,024\\n331\\n61\\n754\\n45\\n799\\n5\\n$ 794\\n\\n1,458\\n311\\n140\\n1,287\\n49\\n1,336\\n14\\n$ 1,322\\n\\n$\\n\\n822\\n221\\n111\\n712\\n—\\n712\\n21\\n691\\n\\nEarnings (loss) from continuing operations\\nDiscontinued operations, net of taxes\\n\\n$\\n\\n1.72\\n0.10\\n\\n$\\n\\n2.95\\n0.11\\n\\n$\\n\\n1.61\\n—\\n\\nNet earnings (loss)\\n\\n$\\n\\n1.82\\n\\n$\\n\\n3.06\\n\\n$\\n\\n1.61\\n\\nEarnings (loss) from continuing operations\\nDiscontinued operations, net of taxes\\n\\n$\\n\\n1.70\\n0.10\\n\\n$\\n\\n2.92\\n0.11\\n\\n$\\n\\n1.59\\n—\\n\\nNet earnings (loss)\\n\\n$\\n\\n1.80\\n\\n$\\n\\n3.03\\n\\n$\\n\\n1.59\\n\\nEarnings (loss) from continuing operations\\nDiscontinued operations, net of taxes\\n\\n$\\n\\n749\\n45\\n\\n$ 1,273\\n49\\n\\n$\\n\\n691\\n—\\n\\nNet earnings (loss)\\n\\n$\\n\\n794\\n\\n$ 1,322\\n\\n$\\n\\n691\\n\\nIn millions, except per share amounts, for the years ended December 31\\n\\nNET SALES\\n\\nCOSTS AND EXPENSES\\n\\nCost of products sold\\nSelling and administrative expenses\\nDepreciation, amortization and cost of timber harvested\\nDistribution expenses\\nTaxes other than payroll and income taxes\\nRestructuring and other charges\\nNet (gains) losses on sales and impairments of businesses\\nInterest expense, net\\n\\nEARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND\\nEQUITY EARNINGS\\n\\nIncome tax provision (benefit)\\nEquity earnings (loss), net of taxes\\n\\nEARNINGS (LOSS) FROM CONTINUING OPERATIONS\\n\\nDiscontinued operations, net of taxes\\n\\nNET EARNINGS (LOSS)\\n\\nLess: Net earnings (loss) attributable to noncontrolling interests\\n\\nNET EARNINGS (LOSS) ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY\\n\\nBASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER\\nCOMPANY COMMON SHAREHOLDERS\\n\\nDILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER\\nCOMPANY COMMON SHAREHOLDERS\\n\\nAMOUNTS ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON\\nSHAREHOLDERS\\n\\nThe accompanying notes are an integral part of these financial statements.\\n\\n47\",\"name\":\"fintabnet.IP_2012_page_74__150dpi_heavy\",\"page_id\":\"fintabnet.IP_2012_page_74\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-1.803,\"source\":\"fintabnet\",\"source_id\":\"IP_2012_page_74\",\"stack\":[{\"deg\":-1.803,\"op\":\"skew\"},{\"amp\":0.188,\"angle\":252.7,\"blob\":0.529,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.77},{\"op\":\"noise\",\"sigma\":16.794},{\"gain\":0.578,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":33}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[131.4,189.2,1141.3,1135.2],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64],\"cells\":null}],\"text\":\"CONSOLIDATED STATEMENT OF OPERATIONS\\n\\n2012\\n$27,833\\n\\n2011\\n$26,034\\n\\n2010\\n$25,179\\n\\n20,587\\n2,092\\n1,486\\n1,611\\n166\\n109\\n86\\n672\\n\\n18,960\\n1,887\\n1,332\\n1,390\\n146\\n102\\n218\\n541\\n\\n18,482\\n1,930\\n1,456\\n1,318\\n192\\n394\\n(23)\\n608\\n\\n1,024\\n331\\n61\\n754\\n45\\n799\\n5\\n$ 794\\n\\n1,458\\n311\\n140\\n1,287\\n49\\n1,336\\n14\\n$ 1,322\\n\\n$\\n\\n822\\n221\\n111\\n712\\n—\\n712\\n21\\n691\\n\\nEarnings (loss) from continuing operations\\nDiscontinued operations, net of taxes\\n\\n$\\n\\n1.72\\n0.10\\n\\n$\\n\\n2.95\\n0.11\\n\\n$\\n\\n1.61\\n—\\n\\nNet earnings (loss)\\n\\n$\\n\\n1.82\\n\\n$\\n\\n3.06\\n\\n$\\n\\n1.61\\n\\nEarnings (loss) from continuing operations\\nDiscontinued operations, net of taxes\\n\\n$\\n\\n1.70\\n0.10\\n\\n$\\n\\n2.92\\n0.11\\n\\n$\\n\\n1.59\\n—\\n\\nNet earnings (loss)\\n\\n$\\n\\n1.80\\n\\n$\\n\\n3.03\\n\\n$\\n\\n1.59\\n\\nEarnings (loss) from continuing operations\\nDiscontinued operations, net of taxes\\n\\n$\\n\\n749\\n45\\n\\n$ 1,273\\n49\\n\\n$\\n\\n691\\n—\\n\\nNet earnings (loss)\\n\\n$\\n\\n794\\n\\n$ 1,322\\n\\n$\\n\\n691\\n\\nIn millions, except per share amounts, for the years ended December 31\\n\\nNET SALES\\n\\nCOSTS AND EXPENSES\\n\\nCost of products sold\\nSelling and administrative expenses\\nDepreciation, amortization and cost of timber harvested\\nDistribution expenses\\nTaxes other than payroll and income taxes\\nRestructuring and other charges\\nNet (gains) losses on sales and impairments of businesses\\nInterest expense, net\\n\\nEARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND\\nEQUITY EARNINGS\\n\\nIncome tax provision (benefit)\\nEquity earnings (loss), net of taxes\\n\\nEARNINGS (LOSS) FROM CONTINUING OPERATIONS\\n\\nDiscontinued operations, net of taxes\\n\\nNET EARNINGS (LOSS)\\n\\nLess: Net earnings (loss) attributable to noncontrolling interests\\n\\nNET EARNINGS (LOSS) ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY\\n\\nBASIC EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER\\nCOMPANY COMMON SHAREHOLDERS\\n\\nDILUTED EARNINGS (LOSS) PER SHARE ATTRIBUTABLE TO INTERNATIONAL PAPER\\nCOMPANY COMMON SHAREHOLDERS\\n\\nAMOUNTS ATTRIBUTABLE TO INTERNATIONAL PAPER COMPANY COMMON\\nSHAREHOLDERS\\n\\nThe accompanying notes are an integral part of these financial statements.\\n\\n47\"},\"name\":\"fintabnet.IP_2012_page_74__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":124934,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:IP_2012\",\"dpi\":150,\"gt_sha256\":\"0ad609f9e30d8a87464de54e333875cd01e5b0eb0b310801c66044ab88237732\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IP_2014_page_116\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:IP_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[132.4,114.0,628.4,387.4],\"lines\":[{\"bbox\":[132.4,114.0,628.4,137.3],\"text\":\"tax-qualified defined contribution 401(k) savings plans.\"},{\"bbox\":[132.4,139.0,628.4,162.3],\"text\":\"Substantially all U.S. salaried and certain hourly\"},{\"bbox\":[132.4,164.0,628.4,187.3],\"text\":\"employees are eligible to participate and may make\"},{\"bbox\":[132.4,189.0,628.4,212.3],\"text\":\"elective deferrals to such plans to save for retirement.\"},{\"bbox\":[132.4,214.1,628.4,237.3],\"text\":\"International Paper makes matching contributions to\"},{\"bbox\":[132.4,239.1,628.4,262.3],\"text\":\"participant accounts on a specified percentage of\"},{\"bbox\":[132.4,264.1,628.4,287.3],\"text\":\"employee deferrals as determined by the provisions of\"},{\"bbox\":[132.4,289.1,628.4,312.3],\"text\":\"each plan. For eligible employees hired after June 30,\"},{\"bbox\":[132.4,314.1,628.4,337.4],\"text\":\"2004, the Company makes Retirement Savings\"},{\"bbox\":[132.4,339.1,628.4,362.4],\"text\":\"Account contributions equal to a percentage of an\"},{\"bbox\":[132.4,364.1,351.7,387.4],\"text\":\"eligible employee’s pay.\"}],\"order\":0,\"text\":\"tax-qualified defined contribution 401(k) savings plans.\\nSubstantially all U.S. salaried and certain hourly\\nemployees are eligible to participate and may make\\nelective deferrals to such plans to save for retirement.\\nInternational Paper makes matching contributions to\\nparticipant accounts on a specified percentage of\\nemployee deferrals as determined by the provisions of\\neach plan. For eligible employees hired after June 30,\\n2004, the Company makes Retirement Savings\\nAccount contributions equal to a percentage of an\\neligible employee’s pay.\"},{\"bbox\":[703.5,114.0,1199.6,162.3],\"lines\":[{\"bbox\":[703.5,114.0,1199.6,137.3],\"text\":\"The components of postretirement benefit expense in\"},{\"bbox\":[703.5,139.0,1054.6,162.3],\"text\":\"2014, 2013 and 2012 were as follows:\"}],\"order\":1,\"text\":\"The components of postretirement benefit expense in\\n2014, 2013 and 2012 were as follows:\"},{\"bbox\":[920.7,183.0,957.8,201.6],\"lines\":[{\"bbox\":[920.7,183.0,957.8,201.6],\"text\":\"2014\"}],\"order\":2,\"text\":\"2014\"},{\"bbox\":[1037.5,183.0,1074.5,201.6],\"lines\":[{\"bbox\":[1037.5,183.0,1074.5,201.6],\"text\":\"2013\"}],\"order\":3,\"text\":\"2013\"},{\"bbox\":[1156.3,183.0,1193.3,201.6],\"lines\":[{\"bbox\":[1156.3,183.0,1193.3,201.6],\"text\":\"2012\"}],\"order\":4,\"text\":\"2012\"},{\"bbox\":[855.0,210.1,957.8,262.0],\"lines\":[{\"bbox\":[919.8,210.1,957.8,228.7],\"text\":\"Non-\"},{\"bbox\":[866.9,226.7,899.4,245.3],\"text\":\"U.S.\"},{\"bbox\":[925.3,226.7,957.7,245.3],\"text\":\"U.S.\"},{\"bbox\":[855.0,243.4,957.8,262.0],\"text\":\"Plans Plans\"}],\"order\":5,\"text\":\"Non-\\nU.S.\\nU.S.\\nPlans Plans\"},{\"bbox\":[976.5,210.1,1074.5,262.0],\"lines\":[{\"bbox\":[1038.4,210.1,1074.5,228.7],\"text\":\"Non-\"},{\"bbox\":[985.8,226.7,1074.5,245.3],\"text\":\"U.S. U.S.\"},{\"bbox\":[976.5,243.4,1074.5,262.0],\"text\":\"Plans Plans\"}],\"order\":6,\"text\":\"Non-\\nU.S. U.S.\\nPlans Plans\"},{\"bbox\":[1093.2,210.1,1193.3,262.0],\"lines\":[{\"bbox\":[1157.2,210.1,1193.3,228.7],\"text\":\"Non-\"},{\"bbox\":[1102.5,226.7,1134.9,245.3],\"text\":\"U.S.\"},{\"bbox\":[1160.9,226.7,1193.3,245.3],\"text\":\"U.S.\"},{\"bbox\":[1093.2,243.4,1193.3,262.0],\"text\":\"Plans Plans\"}],\"order\":7,\"text\":\"Non-\\nU.S.\\nU.S.\\nPlans Plans\"},{\"bbox\":[709.8,183.1,783.9,201.7],\"lines\":[{\"bbox\":[709.8,183.1,783.9,201.7],\"text\":\"In millions\"}],\"order\":8,\"text\":\"In millions\"},{\"bbox\":[709.8,270.0,800.6,288.6],\"lines\":[{\"bbox\":[709.8,270.0,800.6,288.6],\"text\":\"Service cost\"}],\"order\":9,\"text\":\"Service cost\"},{\"bbox\":[949.2,270.5,979.6,289.1],\"lines\":[{\"bbox\":[949.2,270.5,979.6,289.1],\"text\":\"1 $\"}],\"order\":10,\"text\":\"1 $\"},{\"bbox\":[1009.6,270.5,1040.1,289.1],\"lines\":[{\"bbox\":[1009.6,270.5,1040.1,289.1],\"text\":\"2 $\"}],\"order\":11,\"text\":\"2 $\"},{\"bbox\":[1065.9,270.5,1096.3,289.1],\"lines\":[{\"bbox\":[1065.9,270.5,1096.3,289.1],\"text\":\"2 $\"}],\"order\":12,\"text\":\"2 $\"},{\"bbox\":[1126.4,270.5,1156.8,289.1],\"lines\":[{\"bbox\":[1126.4,270.5,1156.8,289.1],\"text\":\"3 $\"}],\"order\":13,\"text\":\"3 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loss\"},{\"bbox\":[890.8,324.7,900.1,343.3],\"lines\":[{\"bbox\":[890.8,324.7,900.1,343.3],\"text\":\"5\"}],\"order\":21,\"text\":\"5\"},{\"bbox\":[949.2,324.7,958.4,343.3],\"lines\":[{\"bbox\":[949.2,324.7,958.4,343.3],\"text\":\"1\"}],\"order\":22,\"text\":\"1\"},{\"bbox\":[1009.6,324.7,1018.9,343.3],\"lines\":[{\"bbox\":[1009.6,324.7,1018.9,343.3],\"text\":\"7\"}],\"order\":23,\"text\":\"7\"},{\"bbox\":[1058.4,324.7,1075.1,343.3],\"lines\":[{\"bbox\":[1058.4,324.7,1075.1,343.3],\"text\":\"—\"}],\"order\":24,\"text\":\"—\"},{\"bbox\":[1117.0,324.7,1135.5,343.3],\"lines\":[{\"bbox\":[1117.0,324.7,1135.5,343.3],\"text\":\"10\"}],\"order\":25,\"text\":\"10\"},{\"bbox\":[1177.3,324.6,1194.0,343.2],\"lines\":[{\"bbox\":[1177.3,324.6,1194.0,343.2],\"text\":\"—\"}],\"order\":26,\"text\":\"—\"},{\"bbox\":[709.8,351.3,821.0,403.2],\"lines\":[{\"bbox\":[709.8,351.3,821.0,369.9],\"text\":\"Amortization of\"},{\"bbox\":[709.8,367.9,800.6,386.5],\"text\":\"prior service\"},{\"bbox\":[709.8,384.6,758.9,403.2],\"text\":\"credits\"}],\"order\":27,\"text\":\"Amortization of\\nprior service\\ncredits\"},{\"bbox\":[875.9,385.1,905.7,403.7],\"lines\":[{\"bbox\":[875.9,385.1,905.7,403.7],\"text\":\"(13)\"}],\"order\":28,\"text\":\"(13)\"},{\"bbox\":[943.6,385.1,964.0,403.7],\"lines\":[{\"bbox\":[943.6,385.1,964.0,403.7],\"text\":\"(1)\"}],\"order\":29,\"text\":\"(1)\"},{\"bbox\":[994.7,385.1,1024.5,403.7],\"lines\":[{\"bbox\":[994.7,385.1,1024.5,403.7],\"text\":\"(24)\"}],\"order\":30,\"text\":\"(24)\"},{\"bbox\":[1058.4,385.1,1075.1,403.7],\"lines\":[{\"bbox\":[1058.4,385.1,1075.1,403.7],\"text\":\"—\"}],\"order\":31,\"text\":\"—\"},{\"bbox\":[1111.5,385.1,1141.2,403.7],\"lines\":[{\"bbox\":[1111.5,385.1,1141.2,403.7],\"text\":\"(30)\"}],\"order\":32,\"text\":\"(30)\"},{\"bbox\":[1177.3,385.0,1194.0,403.6],\"lines\":[{\"bbox\":[1177.3,385.0,1194.0,403.6],\"text\":\"—\"}],\"order\":33,\"text\":\"—\"},{\"bbox\":[132.4,414.1,628.4,512.4],\"lines\":[{\"bbox\":[132.4,414.1,628.4,437.4],\"text\":\"In connection with the Temple-Inland acquisition,\"},{\"bbox\":[132.4,439.2,628.4,462.4],\"text\":\"International Paper acquired two savings plans which\"},{\"bbox\":[132.4,464.2,628.4,487.4],\"text\":\"were merged into the International Paper savings plans\"},{\"bbox\":[132.4,489.2,350.2,512.4],\"text\":\"on December 31, 2012.\"}],\"order\":34,\"text\":\"In connection with the Temple-Inland acquisition,\\nInternational Paper acquired two savings plans which\\nwere merged into the International Paper savings plans\\non December 31, 2012.\"},{\"bbox\":[709.8,415.9,831.2,434.5],\"lines\":[{\"bbox\":[709.8,415.9,831.2,434.5],\"text\":\"Curtailment gain\"}],\"order\":35,\"text\":\"Curtailment gain\"},{\"bbox\":[883.4,420.6,900.1,439.2],\"lines\":[{\"bbox\":[883.4,420.6,900.1,439.2],\"text\":\"—\"}],\"order\":36,\"text\":\"—\"},{\"bbox\":[941.8,420.6,958.5,439.2],\"lines\":[{\"bbox\":[941.8,420.6,958.5,439.2],\"text\":\"—\"}],\"order\":37,\"text\":\"—\"},{\"bbox\":[1002.1,420.6,1018.8,439.2],\"lines\":[{\"bbox\":[1002.1,420.6,1018.8,439.2],\"text\":\"—\"}],\"order\":38,\"text\":\"—\"},{\"bbox\":[1058.4,420.6,1075.1,439.2],\"lines\":[{\"bbox\":[1058.4,420.6,1075.1,439.2],\"text\":\"—\"}],\"order\":39,\"text\":\"—\"},{\"bbox\":[1120.6,420.6,1141.2,439.2],\"lines\":[{\"bbox\":[1120.6,420.6,1141.2,439.2],\"text\":\"(7)\"}],\"order\":40,\"text\":\"(7)\"},{\"bbox\":[1177.3,420.5,1194.0,439.1],\"lines\":[{\"bbox\":[1177.3,420.5,1194.0,439.1],\"text\":\"—\"}],\"order\":41,\"text\":\"—\"},{\"bbox\":[890.8,497.7,921.2,516.3],\"lines\":[{\"bbox\":[890.8,497.7,921.2,516.3],\"text\":\"7 $\"}],\"order\":42,\"text\":\"7 $\"},{\"bbox\":[949.2,497.7,979.6,516.3],\"lines\":[{\"bbox\":[949.2,497.7,979.6,516.3],\"text\":\"7 $\"}],\"order\":43,\"text\":\"7 $\"},{\"bbox\":[1003.9,497.7,1040.1,516.3],\"lines\":[{\"bbox\":[1003.9,497.7,1040.1,516.3],\"text\":\"(1) $\"}],\"order\":44,\"text\":\"(1) $\"},{\"bbox\":[1065.9,497.7,1096.3,516.3],\"lines\":[{\"bbox\":[1065.9,497.7,1096.3,516.3],\"text\":\"7 $\"}],\"order\":45,\"text\":\"7 $\"},{\"bbox\":[1120.6,497.7,1156.8,516.3],\"lines\":[{\"bbox\":[1120.6,497.7,1156.8,516.3],\"text\":\"(4) $\"}],\"order\":46,\"text\":\"(4) $\"},{\"bbox\":[1184.7,497.7,1194.0,516.3],\"lines\":[{\"bbox\":[1184.7,497.7,1194.0,516.3],\"text\":\"1\"}],\"order\":47,\"text\":\"1\"},{\"bbox\":[132.4,539.2,628.4,837.6],\"lines\":[{\"bbox\":[132.4,539.2,628.4,562.5],\"text\":\"The Company also sponsors the International Paper\"},{\"bbox\":[132.4,564.2,628.4,587.5],\"text\":\"Company Deferred Compensation Savings Plan, which\"},{\"bbox\":[132.4,589.2,628.4,612.5],\"text\":\"is an unfunded nonqualified defined contribution plan.\"},{\"bbox\":[132.4,614.2,628.4,637.5],\"text\":\"This plan permits eligible employees to continue to\"},{\"bbox\":[132.4,639.2,628.4,662.5],\"text\":\"make deferrals and receive company matching\"},{\"bbox\":[132.4,664.3,628.4,687.5],\"text\":\"contributions when their contributions to the\"},{\"bbox\":[132.4,689.3,628.4,712.5],\"text\":\"International Paper Salaried Savings Plan are stopped\"},{\"bbox\":[132.4,714.3,628.4,737.5],\"text\":\"due to limitations under U.S. tax law. Participant\"},{\"bbox\":[132.4,739.3,628.4,762.5],\"text\":\"deferrals and company matching contributions are not\"},{\"bbox\":[132.4,764.3,628.4,787.6],\"text\":\"invested in a separate trust, but are paid directly from\"},{\"bbox\":[132.4,789.3,628.4,812.6],\"text\":\"International Paper’s general assets at the time benefits\"},{\"bbox\":[132.4,814.3,372.2,837.6],\"text\":\"become due and payable.\"}],\"order\":48,\"text\":\"The Company also sponsors the International Paper\\nCompany Deferred Compensation Savings Plan, which\\nis an unfunded nonqualified defined contribution plan.\\nThis plan permits eligible employees to continue to\\nmake deferrals and receive company matching\\ncontributions when their contributions to the\\nInternational Paper Salaried Savings Plan are stopped\\ndue to limitations under U.S. tax law. Participant\\ndeferrals and company matching contributions are not\\ninvested in a separate trust, but are paid directly from\\nInternational Paper’s general assets at the time benefits\\nbecome due and payable.\"},{\"bbox\":[712.9,545.5,1199.6,624.1],\"lines\":[{\"bbox\":[712.9,545.5,1199.3,564.1],\"text\":\"(a) Excludes $7 million of curtailment gains in 2013 related to the\"},{\"bbox\":[750.4,565.5,1199.6,584.1],\"text\":\"sale of Building Products that were recorded in Net (gains)\"},{\"bbox\":[750.4,585.5,1199.6,604.1],\"text\":\"losses on sales and impairments of businesses in the\"},{\"bbox\":[750.4,605.5,1027.6,624.1],\"text\":\"consolidated statement of operations.\"}],\"order\":49,\"text\":\"(a) Excludes $7 million of curtailment gains in 2013 related to the\\nsale of Building Products that were recorded in Net (gains)\\nlosses on sales and impairments of businesses in the\\nconsolidated statement of operations.\"},{\"bbox\":[709.8,446.7,826.5,515.4],\"lines\":[{\"bbox\":[709.8,446.7,736.6,465.3],\"text\":\"Net\"},{\"bbox\":[709.8,463.4,826.5,482.0],\"text\":\"postretirement\"},{\"bbox\":[709.8,480.1,775.5,498.7],\"text\":\"(benefit)\"},{\"bbox\":[709.8,496.7,801.5,515.4],\"text\":\"expense (a)\"}],\"order\":50,\"text\":\"Net\\npostretirement\\n(benefit)\\nexpense (a)\"},{\"bbox\":[853.6,270.5,862.9,289.1],\"lines\":[{\"bbox\":[853.6,270.5,862.9,289.1],\"text\":\"$\"}],\"order\":51,\"text\":\"$\"},{\"bbox\":[1177.3,270.4,1194.0,289.0],\"lines\":[{\"bbox\":[1177.3,270.4,1194.0,289.0],\"text\":\"—\"}],\"order\":52,\"text\":\"—\"},{\"bbox\":[890.8,270.5,921.2,289.1],\"lines\":[{\"bbox\":[890.8,270.5,921.2,289.1],\"text\":\"1 $\"}],\"order\":53,\"text\":\"1 $\"},{\"bbox\":[709.8,297.1,800.6,315.7],\"lines\":[{\"bbox\":[709.8,297.1,800.6,315.7],\"text\":\"Interest cost\"}],\"order\":54,\"text\":\"Interest cost\"},{\"bbox\":[853.6,497.7,862.9,516.3],\"lines\":[{\"bbox\":[853.6,497.7,862.9,516.3],\"text\":\"$\"}],\"order\":55,\"text\":\"$\"},{\"bbox\":[703.5,646.7,1199.6,1045.2],\"lines\":[{\"bbox\":[703.5,646.7,1199.6,670.0],\"text\":\"International Paper evaluates its actuarial assumptions\"},{\"bbox\":[703.5,671.8,1199.6,695.0],\"text\":\"annually as of December 31 (the measurement date)\"},{\"bbox\":[703.5,696.8,1199.6,720.0],\"text\":\"and considers changes in these long-term factors\"},{\"bbox\":[703.5,721.8,1199.6,745.0],\"text\":\"based upon market conditions and the requirements of\"},{\"bbox\":[703.5,746.8,1199.6,770.0],\"text\":\"employers’ accounting for postretirement benefits other\"},{\"bbox\":[703.5,771.8,1199.5,795.1],\"text\":\"than pensions. Temple-Inland's postretirement plan\"},{\"bbox\":[703.5,796.8,1199.6,820.1],\"text\":\"was remeasured on July 19, 2013 due to the sale of\"},{\"bbox\":[703.5,821.8,1199.6,845.1],\"text\":\"Building Products which reduced the obligation by $6\"},{\"bbox\":[703.5,846.8,1199.5,870.1],\"text\":\"million. International Paper's postretirement plan was\"},{\"bbox\":[703.5,871.8,1199.6,895.1],\"text\":\"remeasured on January 31, 2012 due to a negative plan\"},{\"bbox\":[703.5,896.9,1199.6,920.1],\"text\":\"amendment which reduced our obligation by $29 million\"},{\"bbox\":[703.5,921.9,1199.6,945.1],\"text\":\"and reduced the 2012 expected benefit cost by $11\"},{\"bbox\":[703.5,946.9,1199.5,970.1],\"text\":\"million. Temple-Inland's postretirement plan was\"},{\"bbox\":[703.5,971.9,1199.6,995.1],\"text\":\"remeasured on July 31, 2012 due to a negative plan\"},{\"bbox\":[703.5,996.9,1199.6,1020.2],\"text\":\"amendment which reduced the obligation by $6 million\"},{\"bbox\":[703.5,1021.9,1083.6,1045.2],\"text\":\"and reduced 2012 expense by $1 million.\"}],\"order\":56,\"text\":\"International Paper evaluates its actuarial assumptions\\nannually as of December 31 (the measurement date)\\nand considers changes in these long-term factors\\nbased upon market conditions and the requirements of\\nemployers’ accounting for postretirement benefits other\\nthan pensions. Temple-Inland's postretirement plan\\nwas remeasured on July 19, 2013 due to the sale of\\nBuilding Products which reduced the obligation by $6\\nmillion. International Paper's postretirement plan was\\nremeasured on January 31, 2012 due to a negative plan\\namendment which reduced our obligation by $29 million\\nand reduced the 2012 expected benefit cost by $11\\nmillion. Temple-Inland's postretirement plan was\\nremeasured on July 31, 2012 due to a negative plan\\namendment which reduced the obligation by $6 million\\nand reduced 2012 expense by $1 million.\"},{\"bbox\":[132.4,864.3,628.4,962.6],\"lines\":[{\"bbox\":[132.4,864.3,628.4,887.6],\"text\":\"Company matching contributions to the plans totaled\"},{\"bbox\":[132.4,889.4,628.4,912.6],\"text\":\"approximately $112 million, $120 million and $122\"},{\"bbox\":[132.4,914.4,628.4,937.6],\"text\":\"million for the plan years ending in 2014, 2013 and 2012,\"},{\"bbox\":[132.4,939.4,246.7,962.6],\"text\":\"respectively.\"}],\"order\":57,\"text\":\"Company matching contributions to the plans totaled\\napproximately $112 million, $120 million and $122\\nmillion for the plan years ending in 2014, 2013 and 2012,\\nrespectively.\"},{\"bbox\":[132.4,989.4,526.2,1012.7],\"lines\":[{\"bbox\":[132.4,989.4,526.2,1012.7],\"text\":\"NOTE 17 POSTRETIREMENT BENEFITS\"}],\"order\":58,\"text\":\"NOTE 17 POSTRETIREMENT BENEFITS\"},{\"bbox\":[132.4,1033.2,410.4,1051.8],\"lines\":[{\"bbox\":[132.4,1033.2,410.4,1051.8],\"text\":\"U.S. POSTRETIREMENT BENEFITS\"}],\"order\":59,\"text\":\"U.S. POSTRETIREMENT BENEFITS\"},{\"bbox\":[703.5,1071.9,1199.6,1145.2],\"lines\":[{\"bbox\":[703.5,1071.9,1199.6,1095.2],\"text\":\"The discount rates used to determine net U.S. and non-\"},{\"bbox\":[703.5,1096.9,1199.5,1120.2],\"text\":\"U.S. postretirement benefit cost for the years ended\"},{\"bbox\":[703.5,1122.0,1191.3,1145.2],\"text\":\"December 31, 2014, 2013 and 2012 were as follows:\"}],\"order\":60,\"text\":\"The discount rates used to determine net U.S. and non-\\nU.S. postretirement benefit cost for the years ended\\nDecember 31, 2014, 2013 and 2012 were as follows:\"},{\"bbox\":[132.4,1079.4,628.5,1377.8],\"lines\":[{\"bbox\":[132.4,1079.4,628.4,1102.7],\"text\":\"International Paper provides certain retiree health care\"},{\"bbox\":[132.4,1104.4,628.4,1127.7],\"text\":\"and life insurance benefits covering certain U.S.\"},{\"bbox\":[132.4,1129.5,628.4,1152.7],\"text\":\"salaried and hourly employees. These employees are\"},{\"bbox\":[132.4,1154.5,628.4,1177.7],\"text\":\"generally eligible for benefits upon retirement and\"},{\"bbox\":[132.4,1179.5,628.4,1202.7],\"text\":\"completion of a specified number of years of creditable\"},{\"bbox\":[132.4,1204.5,628.4,1227.7],\"text\":\"service. Excluded from company-provided medical\"},{\"bbox\":[132.4,1229.5,628.4,1252.8],\"text\":\"benefits are salaried employees whose age plus years\"},{\"bbox\":[132.4,1254.5,628.5,1277.8],\"text\":\"of employment with the Company totaled less than 60\"},{\"bbox\":[132.4,1279.5,628.4,1302.8],\"text\":\"as of January 1, 2004. International Paper does not\"},{\"bbox\":[132.4,1304.5,628.4,1327.8],\"text\":\"fund these benefits prior to payment and has the right\"},{\"bbox\":[132.4,1329.5,628.4,1352.8],\"text\":\"to modify or terminate certain of these plans in the\"},{\"bbox\":[132.4,1354.6,191.5,1377.8],\"text\":\"future.\"}],\"order\":61,\"text\":\"International Paper provides certain retiree health care\\nand life insurance benefits covering certain U.S.\\nsalaried and hourly employees. These employees are\\ngenerally eligible for benefits upon retirement and\\ncompletion of a specified number of years of creditable\\nservice. Excluded from company-provided medical\\nbenefits are salaried employees whose age plus years\\nof employment with the Company totaled less than 60\\nas of January 1, 2004. International Paper does not\\nfund these benefits prior to payment and has the right\\nto modify or terminate certain of these plans in the\\nfuture.\"},{\"bbox\":[834.1,1209.7,878.6,1244.9],\"lines\":[{\"bbox\":[846.1,1209.7,878.5,1228.3],\"text\":\"U.S.\"},{\"bbox\":[834.1,1226.3,878.6,1244.9],\"text\":\"Plans\"}],\"order\":62,\"text\":\"U.S.\\nPlans\"},{\"bbox\":[709.8,1252.5,808.0,1271.1],\"lines\":[{\"bbox\":[709.8,1252.5,808.0,1271.1],\"text\":\"Discount rate\"}],\"order\":63,\"text\":\"Discount rate\"},{\"bbox\":[132.4,1404.6,628.4,1477.9],\"lines\":[{\"bbox\":[132.4,1404.6,628.4,1427.8],\"text\":\"In addition to the U.S. plan, certain Brazilian and\"},{\"bbox\":[132.4,1429.6,628.4,1452.8],\"text\":\"Moroccan employees are eligible for retiree health care\"},{\"bbox\":[132.4,1454.6,380.3,1477.9],\"text\":\"and life insurance benefits.\"}],\"order\":64,\"text\":\"In addition to the U.S. plan, certain Brazilian and\\nMoroccan employees are eligible for retiree health care\\nand life insurance benefits.\"},{\"bbox\":[655.6,1594.4,676.4,1617.5],\"lines\":[{\"bbox\":[655.6,1594.4,676.4,1617.5],\"text\":\"80\"}],\"order\":65,\"text\":\"80\"},{\"bbox\":[912.4,1165.9,949.5,1184.5],\"lines\":[{\"bbox\":[912.4,1165.9,949.5,1184.5],\"text\":\"2014\"}],\"order\":66,\"text\":\"2014\"},{\"bbox\":[1037.5,1165.9,1074.5,1184.5],\"lines\":[{\"bbox\":[1037.5,1165.9,1074.5,1184.5],\"text\":\"2013\"}],\"order\":67,\"text\":\"2013\"},{\"bbox\":[1156.3,1165.9,1193.3,1184.5],\"lines\":[{\"bbox\":[1156.3,1165.9,1193.3,1184.5],\"text\":\"2012\"}],\"order\":68,\"text\":\"2012\"},{\"bbox\":[905.0,1193.0,949.5,1244.9],\"lines\":[{\"bbox\":[911.5,1193.0,949.4,1211.6],\"text\":\"Non-\"},{\"bbox\":[917.0,1209.7,949.4,1228.3],\"text\":\"U.S.\"},{\"bbox\":[905.0,1226.3,949.5,1244.9],\"text\":\"Plans\"}],\"order\":69,\"text\":\"Non-\\nU.S.\\nPlans\"},{\"bbox\":[1032.8,1193.0,1132.8,1244.9],\"lines\":[{\"bbox\":[1038.4,1193.0,1074.5,1211.6],\"text\":\"Non-\"},{\"bbox\":[1042.0,1209.7,1074.5,1228.3],\"text\":\"U.S.\"},{\"bbox\":[1100.4,1209.7,1132.8,1228.3],\"text\":\"U.S.\"},{\"bbox\":[1032.8,1226.3,1132.8,1244.9],\"text\":\"Plans Plans\"}],\"order\":70,\"text\":\"Non-\\nU.S.\\nU.S.\\nPlans Plans\"},{\"bbox\":[1151.6,1193.0,1193.3,1244.9],\"lines\":[{\"bbox\":[1157.2,1193.0,1193.3,1211.6],\"text\":\"Non-\"},{\"bbox\":[1160.9,1209.7,1193.3,1228.3],\"text\":\"U.S.\"},{\"bbox\":[1151.6,1226.3,1193.3,1244.9],\"text\":\"Plans\"}],\"order\":71,\"text\":\"Non-\\nU.S.\\nPlans\"},{\"bbox\":[968.2,1209.7,1009.9,1244.9],\"lines\":[{\"bbox\":[977.4,1209.7,1009.9,1228.3],\"text\":\"U.S.\"},{\"bbox\":[968.2,1226.3,1009.9,1244.9],\"text\":\"Plans\"}],\"order\":72,\"text\":\"U.S.\\nPlans\"},{\"bbox\":[837.5,1270.1,1016.1,1288.7],\"lines\":[{\"bbox\":[837.5,1270.1,1016.1,1288.7],\"text\":\"4.50% 11.94% 3.70%\"}],\"order\":73,\"text\":\"4.50% 11.94% 3.70%\"},{\"bbox\":[1033.4,1270.1,1199.6,1288.7],\"lines\":[{\"bbox\":[1033.4,1270.1,1199.6,1288.7],\"text\":\"8.43% 4.40% 7.73%\"}],\"order\":74,\"text\":\"8.43% 4.40% 7.73%\"}],\"doc\":\"fintabnet:IP_2014\",\"dpi\":150,\"image_px\":[1332,1707],\"layout\":[],\"markdown\":\"tax-qualified defined contribution 401(k) savings plans.\\nSubstantially all U.S. salaried and certain hourly\\nemployees are eligible to participate and may make\\nelective deferrals to such plans to save for retirement.\\nInternational Paper makes matching contributions to\\nparticipant accounts on a specified percentage of\\nemployee deferrals as determined by the provisions of\\neach plan. For eligible employees hired after June 30,\\n2004, the Company makes Retirement Savings\\nAccount contributions equal to a percentage of an\\neligible employee’s pay.\\n\\nThe components of postretirement benefit expense in\\n2014, 2013 and 2012 were as follows:\\n\\n2014\\n\\n2013\\n\\n2012\\n\\nNon-\\nU.S.\\nU.S.\\nPlans Plans\\n\\nNon-\\nU.S. U.S.\\nPlans Plans\\n\\nNon-\\nU.S.\\nU.S.\\nPlans Plans\\n\\nIn millions\\n\\nService cost\\n\\n1 $\\n\\n2 $\\n\\n2 $\\n\\n3 $\\n\\n14\\n\\n6\\n\\n14\\n\\n5\\n\\n20\\n\\n1\\n\\nActuarial loss\\n\\n5\\n\\n1\\n\\n7\\n\\n—\\n\\n10\\n\\n—\\n\\nAmortization of\\nprior service\\ncredits\\n\\n(13)\\n\\n(1)\\n\\n(24)\\n\\n—\\n\\n(30)\\n\\n—\\n\\nIn connection with the Temple-Inland acquisition,\\nInternational Paper acquired two savings plans which\\nwere merged into the International Paper savings plans\\non December 31, 2012.\\n\\nCurtailment gain\\n\\n—\\n\\n—\\n\\n—\\n\\n—\\n\\n(7)\\n\\n—\\n\\n7 $\\n\\n7 $\\n\\n(1) $\\n\\n7 $\\n\\n(4) $\\n\\n1\\n\\nThe Company also sponsors the International Paper\\nCompany Deferred Compensation Savings Plan, which\\nis an unfunded nonqualified defined contribution plan.\\nThis plan permits eligible employees to continue to\\nmake deferrals and receive company matching\\ncontributions when their contributions to the\\nInternational Paper Salaried Savings Plan are stopped\\ndue to limitations under U.S. tax law. Participant\\ndeferrals and company matching contributions are not\\ninvested in a separate trust, but are paid directly from\\nInternational Paper’s general assets at the time benefits\\nbecome due and payable.\\n\\n(a) Excludes $7 million of curtailment gains in 2013 related to the\\nsale of Building Products that were recorded in Net (gains)\\nlosses on sales and impairments of businesses in the\\nconsolidated statement of operations.\\n\\nNet\\npostretirement\\n(benefit)\\nexpense (a)\\n\\n$\\n\\n—\\n\\n1 $\\n\\nInterest cost\\n\\n$\\n\\nInternational Paper evaluates its actuarial assumptions\\nannually as of December 31 (the measurement date)\\nand considers changes in these long-term factors\\nbased upon market conditions and the requirements of\\nemployers’ accounting for postretirement benefits other\\nthan pensions. Temple-Inland's postretirement plan\\nwas remeasured on July 19, 2013 due to the sale of\\nBuilding Products which reduced the obligation by $6\\nmillion. International Paper's postretirement plan was\\nremeasured on January 31, 2012 due to a negative plan\\namendment which reduced our obligation by $29 million\\nand reduced the 2012 expected benefit cost by $11\\nmillion. Temple-Inland's postretirement plan was\\nremeasured on July 31, 2012 due to a negative plan\\namendment which reduced the obligation by $6 million\\nand reduced 2012 expense by $1 million.\\n\\nCompany matching contributions to the plans totaled\\napproximately $112 million, $120 million and $122\\nmillion for the plan years ending in 2014, 2013 and 2012,\\nrespectively.\\n\\nNOTE 17 POSTRETIREMENT BENEFITS\\n\\nU.S. POSTRETIREMENT BENEFITS\\n\\nThe discount rates used to determine net U.S. and non-\\nU.S. postretirement benefit cost for the years ended\\nDecember 31, 2014, 2013 and 2012 were as follows:\\n\\nInternational Paper provides certain retiree health care\\nand life insurance benefits covering certain U.S.\\nsalaried and hourly employees. These employees are\\ngenerally eligible for benefits upon retirement and\\ncompletion of a specified number of years of creditable\\nservice. Excluded from company-provided medical\\nbenefits are salaried employees whose age plus years\\nof employment with the Company totaled less than 60\\nas of January 1, 2004. International Paper does not\\nfund these benefits prior to payment and has the right\\nto modify or terminate certain of these plans in the\\nfuture.\\n\\nU.S.\\nPlans\\n\\nDiscount rate\\n\\nIn addition to the U.S. plan, certain Brazilian and\\nMoroccan employees are eligible for retiree health care\\nand life insurance benefits.\\n\\n80\\n\\n2014\\n\\n2013\\n\\n2012\\n\\nNon-\\nU.S.\\nPlans\\n\\nNon-\\nU.S.\\nU.S.\\nPlans Plans\\n\\nNon-\\nU.S.\\nPlans\\n\\nU.S.\\nPlans\\n\\n4.50% 11.94% 3.70%\\n\\n8.43% 4.40% 7.73%\",\"name\":\"fintabnet.IP_2014_page_116__150dpi_none\",\"page_id\":\"fintabnet.IP_2014_page_116\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"IP_2014_page_116\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[709.8,183.0,1194.0,516.3],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,35,36,37,38,39,40,41,42,43,44,45,46,47,50,51,52,53,54,55],\"cells\":null},{\"bbox\":[709.8,1165.9,1199.6,1288.7],\"block_orders\":[62,63,66,67,68,69,70,71,72,73,74],\"cells\":null}],\"text\":\"tax-qualified defined contribution 401(k) savings plans.\\nSubstantially all U.S. salaried and certain hourly\\nemployees are eligible to participate and may make\\nelective deferrals to such plans to save for retirement.\\nInternational Paper makes matching contributions to\\nparticipant accounts on a specified percentage of\\nemployee deferrals as determined by the provisions of\\neach plan. For eligible employees hired after June 30,\\n2004, the Company makes Retirement Savings\\nAccount contributions equal to a percentage of an\\neligible employee’s pay.\\n\\nThe components of postretirement benefit expense in\\n2014, 2013 and 2012 were as follows:\\n\\n2014\\n\\n2013\\n\\n2012\\n\\nNon-\\nU.S.\\nU.S.\\nPlans Plans\\n\\nNon-\\nU.S. U.S.\\nPlans Plans\\n\\nNon-\\nU.S.\\nU.S.\\nPlans Plans\\n\\nIn millions\\n\\nService cost\\n\\n1 $\\n\\n2 $\\n\\n2 $\\n\\n3 $\\n\\n14\\n\\n6\\n\\n14\\n\\n5\\n\\n20\\n\\n1\\n\\nActuarial loss\\n\\n5\\n\\n1\\n\\n7\\n\\n—\\n\\n10\\n\\n—\\n\\nAmortization of\\nprior service\\ncredits\\n\\n(13)\\n\\n(1)\\n\\n(24)\\n\\n—\\n\\n(30)\\n\\n—\\n\\nIn connection with the Temple-Inland acquisition,\\nInternational Paper acquired two savings plans which\\nwere merged into the International Paper savings plans\\non December 31, 2012.\\n\\nCurtailment gain\\n\\n—\\n\\n—\\n\\n—\\n\\n—\\n\\n(7)\\n\\n—\\n\\n7 $\\n\\n7 $\\n\\n(1) $\\n\\n7 $\\n\\n(4) $\\n\\n1\\n\\nThe Company also sponsors the International Paper\\nCompany Deferred Compensation Savings Plan, which\\nis an unfunded nonqualified defined contribution plan.\\nThis plan permits eligible employees to continue to\\nmake deferrals and receive company matching\\ncontributions when their contributions to the\\nInternational Paper Salaried Savings Plan are stopped\\ndue to limitations under U.S. tax law. Participant\\ndeferrals and company matching contributions are not\\ninvested in a separate trust, but are paid directly from\\nInternational Paper’s general assets at the time benefits\\nbecome due and payable.\\n\\n(a) Excludes $7 million of curtailment gains in 2013 related to the\\nsale of Building Products that were recorded in Net (gains)\\nlosses on sales and impairments of businesses in the\\nconsolidated statement of operations.\\n\\nNet\\npostretirement\\n(benefit)\\nexpense (a)\\n\\n$\\n\\n—\\n\\n1 $\\n\\nInterest cost\\n\\n$\\n\\nInternational Paper evaluates its actuarial assumptions\\nannually as of December 31 (the measurement date)\\nand considers changes in these long-term factors\\nbased upon market conditions and the requirements of\\nemployers’ accounting for postretirement benefits other\\nthan pensions. Temple-Inland's postretirement plan\\nwas remeasured on July 19, 2013 due to the sale of\\nBuilding Products which reduced the obligation by $6\\nmillion. International Paper's postretirement plan was\\nremeasured on January 31, 2012 due to a negative plan\\namendment which reduced our obligation by $29 million\\nand reduced the 2012 expected benefit cost by $11\\nmillion. Temple-Inland's postretirement plan was\\nremeasured on July 31, 2012 due to a negative plan\\namendment which reduced the obligation by $6 million\\nand reduced 2012 expense by $1 million.\\n\\nCompany matching contributions to the plans totaled\\napproximately $112 million, $120 million and $122\\nmillion for the plan years ending in 2014, 2013 and 2012,\\nrespectively.\\n\\nNOTE 17 POSTRETIREMENT BENEFITS\\n\\nU.S. POSTRETIREMENT BENEFITS\\n\\nThe discount rates used to determine net U.S. and non-\\nU.S. postretirement benefit cost for the years ended\\nDecember 31, 2014, 2013 and 2012 were as follows:\\n\\nInternational Paper provides certain retiree health care\\nand life insurance benefits covering certain U.S.\\nsalaried and hourly employees. These employees are\\ngenerally eligible for benefits upon retirement and\\ncompletion of a specified number of years of creditable\\nservice. Excluded from company-provided medical\\nbenefits are salaried employees whose age plus years\\nof employment with the Company totaled less than 60\\nas of January 1, 2004. International Paper does not\\nfund these benefits prior to payment and has the right\\nto modify or terminate certain of these plans in the\\nfuture.\\n\\nU.S.\\nPlans\\n\\nDiscount rate\\n\\nIn addition to the U.S. plan, certain Brazilian and\\nMoroccan employees are eligible for retiree health care\\nand life insurance benefits.\\n\\n80\\n\\n2014\\n\\n2013\\n\\n2012\\n\\nNon-\\nU.S.\\nPlans\\n\\nNon-\\nU.S.\\nU.S.\\nPlans Plans\\n\\nNon-\\nU.S.\\nPlans\\n\\nU.S.\\nPlans\\n\\n4.50% 11.94% 3.70%\\n\\n8.43% 4.40% 7.73%\"},\"name\":\"fintabnet.IP_2014_page_116__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":212285,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:IP_2014\",\"dpi\":150,\"gt_sha256\":\"cb4942f0b17686111649ffce6453e73a7e57e7b064c6417097c732f93fe168c1\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.IP_2014_page_116__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.IP_2014_page_116\",\"pdf_sha256\":\"881d5e9127275bfec60c2941193788c6219c000887b748be7e69afe1af4fb0bc\",\"px\":[1332,1707],\"scan\":{\"render\":\"00003f7c3f7c3ec03efc3f7c3ffc3efc3efe387c3e7c3f7c3e003a0000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"IP_2014_page_116\",\"src\":{\"file_sha256\":\"37693f70a5ea22f20a1a53927ea1d3ee5b54f443f8ab6a811966c6a48e275a1f\",\"render\":\"00003ffc7e7c3ec03efc3f7c3ffc3efc3efc387c3e7c3f7e3e003a0000000000\",\"text\":\"5cff58945d137d743ab04c12b90d6b2c9dc24129392a3e1f02978e7b3aa2e7d7\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"881d5e9127275bfec60c2941193788c6219c000887b748be7e69afe1af4fb0bc\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/881d5e9127275bfec60c2941193788c6219c000887b748be7e69afe1af4fb0bc.pdf","asset_sha256":"881d5e9127275bfec60c2941193788c6219c000887b748be7e69afe1af4fb0bc","document_id":"fintabnet:IP_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IP_2014_page_116\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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Printing Papers\"}],\"order\":65,\"text\":\"Total Printing Papers\"},{\"bbox\":[86.7,389.9,200.7,405.9],\"lines\":[{\"bbox\":[86.7,389.9,200.7,405.9],\"text\":\"Consumer Packaging\"}],\"order\":66,\"text\":\"Consumer Packaging\"},{\"bbox\":[87.2,408.5,184.6,424.0],\"lines\":[{\"bbox\":[87.2,408.5,184.6,424.0],\"text\":\"Coated Paperboard\"}],\"order\":67,\"text\":\"Coated Paperboard\"},{\"bbox\":[89.4,476.4,183.6,491.8],\"lines\":[{\"bbox\":[89.4,476.4,183.6,491.8],\"text\":\"Forest Resources\"}],\"order\":68,\"text\":\"Forest Resources\"},{\"bbox\":[90.1,494.2,343.5,547.9],\"lines\":[{\"bbox\":[90.1,496.1,283.8,514.6],\"text\":\"We own, manage or have an interest in\"},{\"bbox\":[90.5,506.3,313.1,525.7],\"text\":\"approximately 1.2 million acres of forestlands\"},{\"bbox\":[90.8,516.4,343.2,536.8],\"text\":\"worldwide. These forestlands and associated acres\"},{\"bbox\":[91.2,530.0,265.7,547.9],\"text\":\"are located in the following regions:\"}],\"order\":69,\"text\":\"We own, manage or have an interest in\\napproximately 1.2 million acres of forestlands\\nworldwide. These forestlands and associated acres\\nare located in the following regions:\"},{\"bbox\":[91.7,552.1,119.9,565.4],\"lines\":[{\"bbox\":[91.7,552.1,119.9,565.4],\"text\":\"Brazil\"}],\"order\":70,\"text\":\"Brazil\"},{\"bbox\":[365.8,525.3,414.4,539.2],\"lines\":[{\"bbox\":[365.8,525.3,414.4,539.2],\"text\":\"(M Acres)\"}],\"order\":71,\"text\":\"(M Acres)\"},{\"bbox\":[395.9,543.4,414.8,556.3],\"lines\":[{\"bbox\":[395.9,543.4,414.8,556.3],\"text\":\"334\"}],\"order\":72,\"text\":\"334\"},{\"bbox\":[92.3,566.5,236.0,583.4],\"lines\":[{\"bbox\":[92.3,566.5,236.0,583.4],\"text\":\"We have harvesting rights in:\"}],\"order\":73,\"text\":\"We have harvesting rights in:\"},{\"bbox\":[92.9,588.0,127.2,601.5],\"lines\":[{\"bbox\":[92.9,588.0,127.2,601.5],\"text\":\"Russia\"}],\"order\":74,\"text\":\"Russia\"},{\"bbox\":[397.0,579.5,415.9,592.5],\"lines\":[{\"bbox\":[397.0,579.5,415.9,592.5],\"text\":\"882\"}],\"order\":75,\"text\":\"882\"},{\"bbox\":[93.4,606.0,128.4,619.5],\"lines\":[{\"bbox\":[93.4,606.0,128.4,619.5],\"text\":\"Poland\"}],\"order\":76,\"text\":\"Poland\"},{\"bbox\":[409.9,597.5,416.5,610.1],\"lines\":[{\"bbox\":[409.9,597.5,416.5,610.1],\"text\":\"3\"}],\"order\":77,\"text\":\"3\"},{\"bbox\":[102.3,624.1,129.3,637.3],\"lines\":[{\"bbox\":[102.3,624.1,129.3,637.3],\"text\":\"Total\"}],\"order\":78,\"text\":\"Total\"},{\"bbox\":[388.8,615.5,417.0,628.8],\"lines\":[{\"bbox\":[388.8,615.5,417.0,628.8],\"text\":\"1,219\"}],\"order\":79,\"text\":\"1,219\"},{\"bbox\":[448.8,1062.4,470.9,1078.4],\"lines\":[{\"bbox\":[448.8,1062.4,470.9,1078.4],\"text\":\"A-4\"}],\"order\":80,\"text\":\"A-4\"}],\"doc\":\"fintabnet:IP_2014\",\"dpi\":100,\"image_px\":[888,1138],\"layout\":[],\"markdown\":\"APPENDIX II\\n\\n2014 CAPACITY INFORMATION\\nCONTINUING OPERATIONS\\n\\n(in thousands of short\\ntons)\\n\\nU.S.\\n\\nEMEA\\n\\nAmericas,\\nother\\nthan U.S.\\n\\n13,001\\n\\n38\\n\\n366\\n\\n—\\n\\n—\\n\\n13,405\\n\\n1,771\\n\\n1,150\\n\\n1,135\\n\\n—\\n\\n256\\n\\n4,312\\n\\n169\\n\\n—\\n\\n—\\n\\n—\\n\\n—\\n\\n169\\n\\nAsia\\n\\nIndia\\n\\nTotal\\n\\nIndustrial Packaging\\n\\nContainerboard\\n\\nPrinting Papers\\n\\nUncoated Freesheet\\n\\nBristols\\n\\nUncoated Papers and\\nBristols\\n\\n1,940\\n\\n1,150\\n\\n1,135\\n\\n—\\n\\n256\\n\\n4,481\\n\\nDried Pulp\\n\\n1,307\\n\\n328\\n\\n140\\n\\n—\\n\\n—\\n\\n1,775\\n\\nNewsprint\\n\\n—\\n\\n124\\n\\n—\\n\\n—\\n\\n—\\n\\n124\\n\\n3,247\\n\\n1,602\\n\\n1,275\\n\\n—\\n\\n256\\n\\n6,380\\n\\n1,566\\n\\n352\\n\\n—\\n\\n1,413\\n\\n—\\n\\n3,331\\n\\nTotal Printing Papers\\n\\nConsumer Packaging\\n\\nCoated Paperboard\\n\\nForest Resources\\n\\nWe own, manage or have an interest in\\napproximately 1.2 million acres of forestlands\\nworldwide. These forestlands and associated acres\\nare located in the following regions:\\n\\nBrazil\\n\\n(M Acres)\\n\\n334\\n\\nWe have harvesting rights in:\\n\\nRussia\\n\\n882\\n\\nPoland\\n\\n3\\n\\nTotal\\n\\n1,219\\n\\nA-4\",\"name\":\"fintabnet.IP_2014_page_139__100dpi_heavy\",\"page_id\":\"fintabnet.IP_2014_page_139\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":1.815,\"source\":\"fintabnet\",\"source_id\":\"IP_2014_page_139\",\"stack\":[{\"deg\":1.815,\"op\":\"skew\"},{\"amp\":0.266,\"angle\":26.3,\"blob\":0.21,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.461},{\"op\":\"noise\",\"sigma\":10.51},{\"offset\":0.032,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[79.9,156.7,788.9,424.6],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67],\"cells\":null},{\"bbox\":[90.1,492.0,417.2,638.1],\"block_orders\":[69,70,71,72,73,74,75,76,77,78,79],\"cells\":null}],\"text\":\"APPENDIX II\\n\\n2014 CAPACITY INFORMATION\\nCONTINUING OPERATIONS\\n\\n(in thousands of short\\ntons)\\n\\nU.S.\\n\\nEMEA\\n\\nAmericas,\\nother\\nthan U.S.\\n\\n13,001\\n\\n38\\n\\n366\\n\\n—\\n\\n—\\n\\n13,405\\n\\n1,771\\n\\n1,150\\n\\n1,135\\n\\n—\\n\\n256\\n\\n4,312\\n\\n169\\n\\n—\\n\\n—\\n\\n—\\n\\n—\\n\\n169\\n\\nAsia\\n\\nIndia\\n\\nTotal\\n\\nIndustrial Packaging\\n\\nContainerboard\\n\\nPrinting Papers\\n\\nUncoated Freesheet\\n\\nBristols\\n\\nUncoated Papers and\\nBristols\\n\\n1,940\\n\\n1,150\\n\\n1,135\\n\\n—\\n\\n256\\n\\n4,481\\n\\nDried Pulp\\n\\n1,307\\n\\n328\\n\\n140\\n\\n—\\n\\n—\\n\\n1,775\\n\\nNewsprint\\n\\n—\\n\\n124\\n\\n—\\n\\n—\\n\\n—\\n\\n124\\n\\n3,247\\n\\n1,602\\n\\n1,275\\n\\n—\\n\\n256\\n\\n6,380\\n\\n1,566\\n\\n352\\n\\n—\\n\\n1,413\\n\\n—\\n\\n3,331\\n\\nTotal Printing Papers\\n\\nConsumer Packaging\\n\\nCoated Paperboard\\n\\nForest Resources\\n\\nWe own, manage or have an interest in\\napproximately 1.2 million acres of forestlands\\nworldwide. These forestlands and associated acres\\nare located in the following regions:\\n\\nBrazil\\n\\n(M Acres)\\n\\n334\\n\\nWe have harvesting rights in:\\n\\nRussia\\n\\n882\\n\\nPoland\\n\\n3\\n\\nTotal\\n\\n1,219\\n\\nA-4\"},\"name\":\"fintabnet.IP_2014_page_139__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":12945,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:IP_2014\",\"dpi\":100,\"gt_sha256\":\"c97575c33f3c9b7461c0c91200fac49d2590fd336e0268c66cb99e08511d00c8\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.IP_2014_page_139__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.IP_2014_page_139\",\"pdf_sha256\":\"e940e938332bf5c19ac5f7a67ae5c5832fea1f2a5616c0550a13208c1ab34fe4\",\"px\":[888,1138],\"scan\":{\"render\":\"000078047ffc7ffe7ffe7ffe7e007f007f000000000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"IP_2014_page_139\",\"src\":{\"file_sha256\":\"4f701669dc3b5b92dcd01f84b190ca8144c0f2e9817ad70e0a34becd5b06d835\",\"render\":\"000078047ffc7ffe7ffe7ffe7f007f007f000000000000000000000000000000\",\"text\":\"605003ca7a779198b854b9c21d99f04f5100792d5c397f6f8f1ab87febe21076\"},\"stack\":[{\"deg\":1.815,\"op\":\"skew\"},{\"amp\":0.266,\"angle\":26.3,\"blob\":0.21,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.461},{\"op\":\"noise\",\"sigma\":10.51},{\"offset\":0.032,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e940e938332bf5c19ac5f7a67ae5c5832fea1f2a5616c0550a13208c1ab34fe4\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e940e938332bf5c19ac5f7a67ae5c5832fea1f2a5616c0550a13208c1ab34fe4.pdf","asset_sha256":"e940e938332bf5c19ac5f7a67ae5c5832fea1f2a5616c0550a13208c1ab34fe4","document_id":"fintabnet:IP_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IP_2014_page_139\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IP_2014_page_66\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:IP_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[674.3,93.6,1178.8,336.3],\"lines\":[{\"bbox\":[674.3,93.6,1170.9,136.3],\"text\":\"Compared with the fourth quarter of 2014, sales\"},{\"bbox\":[675.3,118.5,1171.9,161.3],\"text\":\"volumes in the first quarter of 2015, are expected to\"},{\"bbox\":[676.3,143.5,1172.9,186.3],\"text\":\"decrease for market pulp, but be slightly higher for fluff\"},{\"bbox\":[677.3,168.5,1173.9,211.3],\"text\":\"pulp. Average sales price realizations are expected to\"},{\"bbox\":[678.3,193.5,1174.9,236.3],\"text\":\"to be stable for fluff pulp and softwood market pulp,\"},{\"bbox\":[679.3,218.5,1175.9,261.3],\"text\":\"while hardwood market pulp prices are expected to\"},{\"bbox\":[680.3,243.5,1176.8,286.3],\"text\":\"improve. Input costs should be flat. Planned\"},{\"bbox\":[681.2,268.5,1177.8,311.3],\"text\":\"maintenance downtime costs should be about $13\"},{\"bbox\":[682.2,295.8,1120.8,336.3],\"text\":\"million higher than in the fourth quarter of 2014.\"}],\"order\":0,\"text\":\"Compared with the fourth quarter of 2014, sales\\nvolumes in the first quarter of 2015, are expected to\\ndecrease for market pulp, but be slightly higher for fluff\\npulp. Average sales price realizations are expected to\\nto be stable for fluff pulp and softwood market pulp,\\nwhile hardwood market pulp prices are expected to\\nimprove. Input costs should be flat. Planned\\nmaintenance downtime costs should be about $13\\nmillion higher than in the fourth quarter of 2014.\"},{\"bbox\":[103.6,116.1,611.1,433.8],\"lines\":[{\"bbox\":[103.6,116.1,600.2,158.9],\"text\":\"Russia and Europe. Average sales price realizations\"},{\"bbox\":[104.6,141.1,601.2,183.9],\"text\":\"for uncoated freesheet paper decreased in both Europe\"},{\"bbox\":[105.6,166.1,602.2,208.8],\"text\":\"and Russia, reflecting weak economic conditions and\"},{\"bbox\":[106.6,191.0,603.2,233.8],\"text\":\"soft market demand. In Russia, sales prices in rubles\"},{\"bbox\":[107.6,216.0,604.2,258.8],\"text\":\"increased, but this improvement is masked by the\"},{\"bbox\":[108.6,241.0,605.1,283.8],\"text\":\"impact of the currency depreciation against the U.S.\"},{\"bbox\":[109.5,266.0,606.1,308.8],\"text\":\"dollar. Input costs were significantly higher for wood in\"},{\"bbox\":[110.5,291.0,607.1,333.8],\"text\":\"both Europe and Russia, partially offset by lower\"},{\"bbox\":[111.5,316.0,608.1,358.8],\"text\":\"chemical costs. Planned maintenance downtime costs\"},{\"bbox\":[112.5,341.0,609.0,383.8],\"text\":\"were $11 million lower in 2014 than in 2013.\"},{\"bbox\":[113.5,366.0,610.1,408.8],\"text\":\"Manufacturing and other operating costs were\"},{\"bbox\":[114.5,406.9,206.8,433.8],\"text\":\"favorable.\"}],\"order\":1,\"text\":\"Russia and Europe. Average sales price realizations\\nfor uncoated freesheet paper decreased in both Europe\\nand Russia, reflecting weak economic conditions and\\nsoft market demand. In Russia, sales prices in rubles\\nincreased, but this improvement is masked by the\\nimpact of the currency depreciation against the U.S.\\ndollar. Input costs were significantly higher for wood in\\nboth Europe and Russia, partially offset by lower\\nchemical costs. Planned maintenance downtime costs\\nwere $11 million lower in 2014 than in 2013.\\nManufacturing and other operating costs were\\nfavorable.\"},{\"bbox\":[684.0,348.4,897.8,380.0],\"lines\":[{\"bbox\":[684.0,348.4,897.8,380.0],\"text\":\"Consumer Packaging\"}],\"order\":2,\"text\":\"Consumer Packaging\"},{\"bbox\":[685.7,381.0,1187.2,548.7],\"lines\":[{\"bbox\":[685.7,381.0,1182.3,423.8],\"text\":\"Demand and pricing for Consumer Packaging products\"},{\"bbox\":[686.7,405.9,1183.2,448.7],\"text\":\"correlate closely with consumer spending and general\"},{\"bbox\":[687.7,430.9,1184.2,473.7],\"text\":\"economic activity. In addition to prices and volumes,\"},{\"bbox\":[688.6,455.9,1185.2,498.7],\"text\":\"major factors affecting the profitability of Consumer\"},{\"bbox\":[689.6,480.9,1186.2,523.7],\"text\":\"Packaging are raw material and energy costs, freight\"},{\"bbox\":[690.6,507.9,1135.6,548.7],\"text\":\"costs, manufacturing efficiency and product mix.\"}],\"order\":3,\"text\":\"Demand and pricing for Consumer Packaging products\\ncorrelate closely with consumer spending and general\\neconomic activity. In addition to prices and volumes,\\nmajor factors affecting the profitability of Consumer\\nPackaging are raw material and energy costs, freight\\ncosts, manufacturing efficiency and product mix.\"},{\"bbox\":[116.2,434.7,618.7,627.5],\"lines\":[{\"bbox\":[116.2,434.7,612.8,477.5],\"text\":\"Entering 2015, sales volumes in the first quarter are\"},{\"bbox\":[117.2,459.7,613.8,502.5],\"text\":\"expected to be seasonally weaker in Russia, and about\"},{\"bbox\":[118.2,484.7,614.8,527.5],\"text\":\"flat in Europe. Average sales price realizations for\"},{\"bbox\":[119.2,509.7,615.7,552.5],\"text\":\"uncoated freesheet paper are expected to remain\"},{\"bbox\":[120.1,534.7,616.8,577.5],\"text\":\"steady in Europe, but increase in Russia. Input costs\"},{\"bbox\":[121.1,559.7,617.7,602.5],\"text\":\"should be lower for oil and wood, partially offset by\"},{\"bbox\":[122.1,595.7,339.5,627.5],\"text\":\"higher chemicals costs.\"}],\"order\":4,\"text\":\"Entering 2015, sales volumes in the first quarter are\\nexpected to be seasonally weaker in Russia, and about\\nflat in Europe. Average sales price realizations for\\nuncoated freesheet paper are expected to remain\\nsteady in Europe, but increase in Russia. Input costs\\nshould be lower for oil and wood, partially offset by\\nhigher chemicals costs.\"},{\"bbox\":[692.3,549.6,1188.9,592.4],\"lines\":[{\"bbox\":[692.3,549.6,1188.9,592.4],\"text\":\"Consumer Packaging net sales in 2014 decreased 1%\"}],\"order\":5,\"text\":\"Consumer Packaging net sales in 2014 decreased 1%\"},{\"bbox\":[693.3,574.6,1207.7,1067.3],\"lines\":[{\"bbox\":[693.3,574.6,1189.9,617.4],\"text\":\"from 2013, but increased 7% from 2012. Operating\"},{\"bbox\":[694.3,599.6,1190.9,642.4],\"text\":\"profits increased 11% from 2013, but decreased 34%\"},{\"bbox\":[695.3,624.6,1191.9,667.4],\"text\":\"from 2012. Excluding sheet plant closure costs, costs\"},{\"bbox\":[696.3,649.6,1192.8,692.4],\"text\":\"associated with the permanent shutdown of a paper\"},{\"bbox\":[697.3,674.6,1193.8,717.4],\"text\":\"machine at our Augusta, Georgia mill and costs related\"},{\"bbox\":[698.3,699.6,1194.8,742.4],\"text\":\"to the sale of the Shorewood business, 2014 operating\"},{\"bbox\":[699.2,724.6,1195.8,767.4],\"text\":\"profits were 11% lower than in 2013, and 30% lower\"},{\"bbox\":[700.2,749.6,1196.8,792.4],\"text\":\"than in 2012. Benefits from higher average sales price\"},{\"bbox\":[701.2,774.6,1197.8,817.4],\"text\":\"realizations and a favorable mix ($60 million) were\"},{\"bbox\":[702.2,799.6,1198.8,842.4],\"text\":\"offset by lower sales volumes ($11 million), higher\"},{\"bbox\":[703.2,824.6,1199.7,867.4],\"text\":\"operating costs ($9 million), higher planned\"},{\"bbox\":[704.2,849.5,1200.7,892.3],\"text\":\"maintenance downtime costs ($12 million), higher input\"},{\"bbox\":[705.2,874.5,1201.7,917.3],\"text\":\"costs ($43 million) and higher other costs ($7 million).\"},{\"bbox\":[706.1,899.5,1202.7,942.3],\"text\":\"In addition, operating profits in 2014 include $8 million\"},{\"bbox\":[707.1,924.5,1203.7,967.3],\"text\":\"of costs associated with sheet plant closures, while\"},{\"bbox\":[708.1,949.5,1204.7,992.3],\"text\":\"operating profits in 2013 include costs of $45 million\"},{\"bbox\":[709.1,974.5,1205.7,1017.3],\"text\":\"related to the permanent shutdown of a paper machine\"},{\"bbox\":[710.1,999.5,1206.7,1042.3],\"text\":\"at our Augusta, Georgia mill and $2 million of costs\"},{\"bbox\":[711.1,1025.0,1195.9,1067.3],\"text\":\"associated with the sale of the Shorewood business.\"}],\"order\":6,\"text\":\"from 2013, but increased 7% from 2012. Operating\\nprofits increased 11% from 2013, but decreased 34%\\nfrom 2012. Excluding sheet plant closure costs, costs\\nassociated with the permanent shutdown of a paper\\nmachine at our Augusta, Georgia mill and costs related\\nto the sale of the Shorewood business, 2014 operating\\nprofits were 11% lower than in 2013, and 30% lower\\nthan in 2012. Benefits from higher average sales price\\nrealizations and a favorable mix ($60 million) were\\noffset by lower sales volumes ($11 million), higher\\noperating costs ($9 million), higher planned\\nmaintenance downtime costs ($12 million), higher input\\ncosts ($43 million) and higher other costs ($7 million).\\nIn addition, operating profits in 2014 include $8 million\\nof costs associated with sheet plant closures, while\\noperating profits in 2013 include costs of $45 million\\nrelated to the permanent shutdown of a paper machine\\nat our Augusta, Georgia mill and $2 million of costs\\nassociated with the sale of the Shorewood business.\"},{\"bbox\":[123.8,628.4,620.4,671.2],\"lines\":[{\"bbox\":[123.8,628.4,620.4,671.2],\"text\":\"Indian Papers net sales were $178 million in 2014, $185\"}],\"order\":7,\"text\":\"Indian Papers net sales were $178 million in 2014, $185\"},{\"bbox\":[124.8,653.4,629.3,896.1],\"lines\":[{\"bbox\":[124.8,653.4,621.4,696.2],\"text\":\"million ($174 million excluding excise duties which were\"},{\"bbox\":[125.8,678.4,622.3,721.2],\"text\":\"included in net sales in 2013 and prior periods) in 2013\"},{\"bbox\":[126.8,703.4,623.4,746.2],\"text\":\"and $185 million ($178 million excluding excise duties)\"},{\"bbox\":[127.8,728.4,624.3,771.2],\"text\":\"in 2012. Operating profits were $8 million (a loss of $12\"},{\"bbox\":[128.8,753.4,625.3,796.1],\"text\":\"million excluding a gain related to the resolution of a\"},{\"bbox\":[129.8,778.3,626.3,821.1],\"text\":\"legal contingency) in 2014, a loss of $145 million (a loss\"},{\"bbox\":[130.7,803.3,627.3,846.1],\"text\":\"of $22 million excluding goodwill and trade name\"},{\"bbox\":[131.7,828.3,628.3,871.1],\"text\":\"impairment charges) in 2013 and a loss of $16 million\"},{\"bbox\":[132.7,869.9,207.7,896.1],\"text\":\"in 2012.\"}],\"order\":8,\"text\":\"million ($174 million excluding excise duties which were\\nincluded in net sales in 2013 and prior periods) in 2013\\nand $185 million ($178 million excluding excise duties)\\nin 2012. Operating profits were $8 million (a loss of $12\\nmillion excluding a gain related to the resolution of a\\nlegal contingency) in 2014, a loss of $145 million (a loss\\nof $22 million excluding goodwill and trade name\\nimpairment charges) in 2013 and a loss of $16 million\\nin 2012.\"},{\"bbox\":[134.4,897.1,639.9,1164.8],\"lines\":[{\"bbox\":[134.4,897.1,631.0,939.8],\"text\":\"Average sales price realizations improved in 2014\"},{\"bbox\":[135.4,922.0,632.0,964.8],\"text\":\"compared with 2013 due to the impact of price\"},{\"bbox\":[136.4,947.0,633.0,989.8],\"text\":\"increases implemented in 2013. Sales volumes were\"},{\"bbox\":[137.4,972.0,633.8,1014.8],\"text\":\"flat, reflecting weak economic conditions. Input costs\"},{\"bbox\":[138.4,997.0,635.0,1039.8],\"text\":\"were higher, primarily for wood. Operating costs and\"},{\"bbox\":[139.4,1022.0,635.9,1064.8],\"text\":\"planned maintenance downtime costs were lower in\"},{\"bbox\":[140.4,1047.0,636.9,1089.8],\"text\":\"2014. Looking ahead to the first quarter of 2015, sales\"},{\"bbox\":[141.3,1072.0,637.9,1114.8],\"text\":\"volumes are expected to be seasonally higher. Average\"},{\"bbox\":[142.3,1097.0,638.9,1139.8],\"text\":\"sales price realizations are expected to decrease due\"},{\"bbox\":[143.3,1132.4,375.7,1164.8],\"text\":\"to competitive pressures.\"}],\"order\":9,\"text\":\"Average sales price realizations improved in 2014\\ncompared with 2013 due to the impact of price\\nincreases implemented in 2013. Sales volumes were\\nflat, reflecting weak economic conditions. Input costs\\nwere higher, primarily for wood. Operating costs and\\nplanned maintenance downtime costs were lower in\\n2014. Looking ahead to the first quarter of 2015, sales\\nvolumes are expected to be seasonally higher. Average\\nsales price realizations are expected to decrease due\\nto competitive pressures.\"},{\"bbox\":[719.0,1080.0,892.1,1155.3],\"lines\":[{\"bbox\":[719.0,1080.0,890.1,1105.4],\"text\":\"Consumer Packaging\"},{\"bbox\":[720.0,1108.8,794.8,1130.3],\"text\":\"In millions\"},{\"bbox\":[721.0,1135.1,763.4,1155.3],\"text\":\"Sales\"}],\"order\":10,\"text\":\"Consumer Packaging\\nIn millions\\nSales\"},{\"bbox\":[978.3,1092.7,1205.5,1145.1],\"lines\":[{\"bbox\":[1007.9,1098.9,1045.6,1119.0],\"text\":\"2014\"},{\"bbox\":[1087.0,1095.8,1124.8,1115.9],\"text\":\"2013\"},{\"bbox\":[1166.1,1092.7,1203.9,1112.7],\"text\":\"2012\"},{\"bbox\":[979.3,1117.6,1205.5,1145.1],\"text\":\"$ 3,403 $ 3,435 $ 3,170\"}],\"order\":11,\"text\":\"2014\\n2013\\n2012\\n$ 3,403 $ 3,435 $ 3,170\"},{\"bbox\":[145.0,1165.7,641.6,1208.5],\"lines\":[{\"bbox\":[145.0,1165.7,641.6,1208.5],\"text\":\"Asian Printing Papers net sales were $59 million in 2014,\"}],\"order\":12,\"text\":\"Asian Printing Papers net sales were $59 million in 2014,\"},{\"bbox\":[722.0,1157.1,839.4,1180.3],\"lines\":[{\"bbox\":[722.0,1157.1,839.4,1180.3],\"text\":\"Operating Profit\"}],\"order\":13,\"text\":\"Operating Profit\"},{\"bbox\":[146.0,1190.7,644.6,1283.5],\"lines\":[{\"bbox\":[146.0,1190.7,642.5,1233.5],\"text\":\"$90 million in 2013 and $85 million in 2012. Operating\"},{\"bbox\":[147.0,1215.7,643.6,1258.5],\"text\":\"profits were $0 million in 2014 and $1 million in both\"},{\"bbox\":[148.0,1254.5,293.7,1283.5],\"text\":\"2013 and 2012.\"}],\"order\":14,\"text\":\"$90 million in 2013 and $85 million in 2012. Operating\\nprofits were $0 million in 2014 and $1 million in both\\n2013 and 2012.\"},{\"bbox\":[1019.7,1148.9,1048.2,1168.6],\"lines\":[{\"bbox\":[1019.7,1148.9,1048.2,1168.6],\"text\":\"178\"}],\"order\":15,\"text\":\"178\"},{\"bbox\":[1098.9,1145.8,1127.4,1165.5],\"lines\":[{\"bbox\":[1098.9,1145.8,1127.4,1165.5],\"text\":\"161\"}],\"order\":16,\"text\":\"161\"},{\"bbox\":[1178.0,1142.7,1206.5,1162.3],\"lines\":[{\"bbox\":[1178.0,1142.7,1206.5,1162.3],\"text\":\"268\"}],\"order\":17,\"text\":\"268\"},{\"bbox\":[717.6,1189.0,1214.2,1231.8],\"lines\":[{\"bbox\":[717.6,1189.0,1214.2,1231.8],\"text\":\"North American Consumer Packaging net sales were $2.0\"}],\"order\":18,\"text\":\"North American Consumer Packaging net sales were $2.0\"},{\"bbox\":[718.5,1214.0,1222.0,1431.7],\"lines\":[{\"bbox\":[718.5,1214.0,1215.0,1256.8],\"text\":\"billion in 2014 compared with $2.0 billion in 2013 and\"},{\"bbox\":[719.5,1239.0,1216.1,1281.8],\"text\":\"$2.0 billion in 2012. Operating profits were $92 million\"},{\"bbox\":[720.5,1264.0,1217.1,1306.8],\"text\":\"($100 million excluding sheet plant closure costs) in\"},{\"bbox\":[721.5,1289.0,1218.0,1331.8],\"text\":\"2014 compared with $63 million ($110 million excluding\"},{\"bbox\":[722.5,1314.0,1219.1,1356.8],\"text\":\"paper machine shutdown costs and costs related to the\"},{\"bbox\":[723.5,1339.0,1220.0,1381.8],\"text\":\"sale of the Shorewood business) in 2013 and $165\"},{\"bbox\":[724.5,1364.0,1221.0,1406.8],\"text\":\"million ($162 million excluding a gain associated with\"},{\"bbox\":[725.4,1392.1,1143.2,1431.7],\"text\":\"the sale of the Shorewood business in 2012).\"}],\"order\":19,\"text\":\"billion in 2014 compared with $2.0 billion in 2013 and\\n$2.0 billion in 2012. Operating profits were $92 million\\n($100 million excluding sheet plant closure costs) in\\n2014 compared with $63 million ($110 million excluding\\npaper machine shutdown costs and costs related to the\\nsale of the Shorewood business) in 2013 and $165\\nmillion ($162 million excluding a gain associated with\\nthe sale of the Shorewood business in 2012).\"},{\"bbox\":[149.7,1284.4,646.3,1327.2],\"lines\":[{\"bbox\":[149.7,1284.4,646.3,1327.2],\"text\":\"U.S. Pulp net sales were $895 million in 2014 compared\"}],\"order\":20,\"text\":\"U.S. Pulp net sales were $895 million in 2014 compared\"},{\"bbox\":[150.7,1309.4,649.3,1402.2],\"lines\":[{\"bbox\":[150.7,1309.4,647.3,1352.2],\"text\":\"with $815 million in 2013 and $725 million in 2012.\"},{\"bbox\":[151.7,1334.4,648.2,1377.2],\"text\":\"Operating profits were $57 million in 2014 compared\"},{\"bbox\":[152.7,1359.4,649.3,1402.2],\"text\":\"with $2 million in 2013 and a loss of $59 million in 2012.\"}],\"order\":21,\"text\":\"with $815 million in 2013 and $725 million in 2012.\\nOperating profits were $57 million in 2014 compared\\nwith $2 million in 2013 and a loss of $59 million in 2012.\"},{\"bbox\":[154.4,1403.1,656.9,1595.9],\"lines\":[{\"bbox\":[154.4,1403.1,651.0,1445.9],\"text\":\"Sales volumes in 2014 increased from 2013 for both\"},{\"bbox\":[155.4,1428.1,652.0,1470.9],\"text\":\"fluff pulp and market pulp reflecting improved market\"},{\"bbox\":[156.4,1453.1,652.9,1495.9],\"text\":\"demand. Average sales price realizations increased\"},{\"bbox\":[157.4,1478.1,653.9,1520.9],\"text\":\"significantly for fluff pulp, while prices for market pulp\"},{\"bbox\":[158.3,1503.1,654.9,1545.9],\"text\":\"were also higher. Input costs for wood and energy were\"},{\"bbox\":[159.3,1528.1,655.9,1570.9],\"text\":\"higher. Operating costs were lower, but planned\"},{\"bbox\":[160.3,1553.6,642.8,1595.9],\"text\":\"maintenance downtime costs were $1 million higher.\"}],\"order\":22,\"text\":\"Sales volumes in 2014 increased from 2013 for both\\nfluff pulp and market pulp reflecting improved market\\ndemand. Average sales price realizations increased\\nsignificantly for fluff pulp, while prices for market pulp\\nwere also higher. Input costs for wood and energy were\\nhigher. Operating costs were lower, but planned\\nmaintenance downtime costs were $1 million higher.\"},{\"bbox\":[727.2,1432.7,1227.7,1575.4],\"lines\":[{\"bbox\":[727.2,1432.7,1223.7,1475.5],\"text\":\"Coated Paperboard sales volumes in 2014 were lower\"},{\"bbox\":[728.2,1457.7,1224.7,1500.5],\"text\":\"than in 2013 reflecting weaker market demand. The\"},{\"bbox\":[729.1,1482.7,1225.7,1525.5],\"text\":\"business took about 41,000 tons of market-related\"},{\"bbox\":[730.1,1507.7,1226.7,1550.5],\"text\":\"downtime in 2014 compared with about 24,000 tons in\"},{\"bbox\":[731.1,1532.7,1227.7,1575.4],\"text\":\"2013. Average sales price realizations increased year-\"}],\"order\":23,\"text\":\"Coated Paperboard sales volumes in 2014 were lower\\nthan in 2013 reflecting weaker market demand. The\\nbusiness took about 41,000 tons of market-related\\ndowntime in 2014 compared with about 24,000 tons in\\n2013. Average sales price realizations increased year-\"},{\"bbox\":[684.8,1593.4,706.5,1617.3],\"lines\":[{\"bbox\":[684.8,1593.4,706.5,1617.3],\"text\":\"30\"}],\"order\":24,\"text\":\"30\"}],\"doc\":\"fintabnet:IP_2014\",\"dpi\":150,\"image_px\":[1332,1707],\"layout\":[],\"markdown\":\"Compared with the fourth quarter of 2014, sales\\nvolumes in the first quarter of 2015, are expected to\\ndecrease for market pulp, but be slightly higher for fluff\\npulp. Average sales price realizations are expected to\\nto be stable for fluff pulp and softwood market pulp,\\nwhile hardwood market pulp prices are expected to\\nimprove. Input costs should be flat. Planned\\nmaintenance downtime costs should be about $13\\nmillion higher than in the fourth quarter of 2014.\\n\\nRussia and Europe. Average sales price realizations\\nfor uncoated freesheet paper decreased in both Europe\\nand Russia, reflecting weak economic conditions and\\nsoft market demand. In Russia, sales prices in rubles\\nincreased, but this improvement is masked by the\\nimpact of the currency depreciation against the U.S.\\ndollar. Input costs were significantly higher for wood in\\nboth Europe and Russia, partially offset by lower\\nchemical costs. Planned maintenance downtime costs\\nwere $11 million lower in 2014 than in 2013.\\nManufacturing and other operating costs were\\nfavorable.\\n\\nConsumer Packaging\\n\\nDemand and pricing for Consumer Packaging products\\ncorrelate closely with consumer spending and general\\neconomic activity. In addition to prices and volumes,\\nmajor factors affecting the profitability of Consumer\\nPackaging are raw material and energy costs, freight\\ncosts, manufacturing efficiency and product mix.\\n\\nEntering 2015, sales volumes in the first quarter are\\nexpected to be seasonally weaker in Russia, and about\\nflat in Europe. Average sales price realizations for\\nuncoated freesheet paper are expected to remain\\nsteady in Europe, but increase in Russia. Input costs\\nshould be lower for oil and wood, partially offset by\\nhigher chemicals costs.\\n\\nConsumer Packaging net sales in 2014 decreased 1%\\n\\nfrom 2013, but increased 7% from 2012. Operating\\nprofits increased 11% from 2013, but decreased 34%\\nfrom 2012. Excluding sheet plant closure costs, costs\\nassociated with the permanent shutdown of a paper\\nmachine at our Augusta, Georgia mill and costs related\\nto the sale of the Shorewood business, 2014 operating\\nprofits were 11% lower than in 2013, and 30% lower\\nthan in 2012. Benefits from higher average sales price\\nrealizations and a favorable mix ($60 million) were\\noffset by lower sales volumes ($11 million), higher\\noperating costs ($9 million), higher planned\\nmaintenance downtime costs ($12 million), higher input\\ncosts ($43 million) and higher other costs ($7 million).\\nIn addition, operating profits in 2014 include $8 million\\nof costs associated with sheet plant closures, while\\noperating profits in 2013 include costs of $45 million\\nrelated to the permanent shutdown of a paper machine\\nat our Augusta, Georgia mill and $2 million of costs\\nassociated with the sale of the Shorewood business.\\n\\nIndian Papers net sales were $178 million in 2014, $185\\n\\nmillion ($174 million excluding excise duties which were\\nincluded in net sales in 2013 and prior periods) in 2013\\nand $185 million ($178 million excluding excise duties)\\nin 2012. Operating profits were $8 million (a loss of $12\\nmillion excluding a gain related to the resolution of a\\nlegal contingency) in 2014, a loss of $145 million (a loss\\nof $22 million excluding goodwill and trade name\\nimpairment charges) in 2013 and a loss of $16 million\\nin 2012.\\n\\nAverage sales price realizations improved in 2014\\ncompared with 2013 due to the impact of price\\nincreases implemented in 2013. Sales volumes were\\nflat, reflecting weak economic conditions. Input costs\\nwere higher, primarily for wood. Operating costs and\\nplanned maintenance downtime costs were lower in\\n2014. Looking ahead to the first quarter of 2015, sales\\nvolumes are expected to be seasonally higher. Average\\nsales price realizations are expected to decrease due\\nto competitive pressures.\\n\\nConsumer Packaging\\nIn millions\\nSales\\n\\n2014\\n2013\\n2012\\n$ 3,403 $ 3,435 $ 3,170\\n\\nAsian Printing Papers net sales were $59 million in 2014,\\n\\nOperating Profit\\n\\n$90 million in 2013 and $85 million in 2012. Operating\\nprofits were $0 million in 2014 and $1 million in both\\n2013 and 2012.\\n\\n178\\n\\n161\\n\\n268\\n\\nNorth American Consumer Packaging net sales were $2.0\\n\\nbillion in 2014 compared with $2.0 billion in 2013 and\\n$2.0 billion in 2012. Operating profits were $92 million\\n($100 million excluding sheet plant closure costs) in\\n2014 compared with $63 million ($110 million excluding\\npaper machine shutdown costs and costs related to the\\nsale of the Shorewood business) in 2013 and $165\\nmillion ($162 million excluding a gain associated with\\nthe sale of the Shorewood business in 2012).\\n\\nU.S. Pulp net sales were $895 million in 2014 compared\\n\\nwith $815 million in 2013 and $725 million in 2012.\\nOperating profits were $57 million in 2014 compared\\nwith $2 million in 2013 and a loss of $59 million in 2012.\\n\\nSales volumes in 2014 increased from 2013 for both\\nfluff pulp and market pulp reflecting improved market\\ndemand. Average sales price realizations increased\\nsignificantly for fluff pulp, while prices for market pulp\\nwere also higher. Input costs for wood and energy were\\nhigher. Operating costs were lower, but planned\\nmaintenance downtime costs were $1 million higher.\\n\\nCoated Paperboard sales volumes in 2014 were lower\\nthan in 2013 reflecting weaker market demand. The\\nbusiness took about 41,000 tons of market-related\\ndowntime in 2014 compared with about 24,000 tons in\\n2013. Average sales price realizations increased year-\\n\\n30\",\"name\":\"fintabnet.IP_2014_page_66__150dpi_heavy\",\"page_id\":\"fintabnet.IP_2014_page_66\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.259,\"source\":\"fintabnet\",\"source_id\":\"IP_2014_page_66\",\"stack\":[{\"deg\":2.259,\"op\":\"skew\"},{\"amp\":0.321,\"angle\":152.1,\"blob\":0.606,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.661},{\"op\":\"noise\",\"sigma\":14.047},{\"gain\":0.562,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":46}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[720.0,1092.7,1206.5,1180.3],\"block_orders\":[10,11,13,15,16,17],\"cells\":null}],\"text\":\"Compared with the fourth quarter of 2014, sales\\nvolumes in the first quarter of 2015, are expected to\\ndecrease for market pulp, but be slightly higher for fluff\\npulp. Average sales price realizations are expected to\\nto be stable for fluff pulp and softwood market pulp,\\nwhile hardwood market pulp prices are expected to\\nimprove. Input costs should be flat. Planned\\nmaintenance downtime costs should be about $13\\nmillion higher than in the fourth quarter of 2014.\\n\\nRussia and Europe. Average sales price realizations\\nfor uncoated freesheet paper decreased in both Europe\\nand Russia, reflecting weak economic conditions and\\nsoft market demand. In Russia, sales prices in rubles\\nincreased, but this improvement is masked by the\\nimpact of the currency depreciation against the U.S.\\ndollar. Input costs were significantly higher for wood in\\nboth Europe and Russia, partially offset by lower\\nchemical costs. Planned maintenance downtime costs\\nwere $11 million lower in 2014 than in 2013.\\nManufacturing and other operating costs were\\nfavorable.\\n\\nConsumer Packaging\\n\\nDemand and pricing for Consumer Packaging products\\ncorrelate closely with consumer spending and general\\neconomic activity. In addition to prices and volumes,\\nmajor factors affecting the profitability of Consumer\\nPackaging are raw material and energy costs, freight\\ncosts, manufacturing efficiency and product mix.\\n\\nEntering 2015, sales volumes in the first quarter are\\nexpected to be seasonally weaker in Russia, and about\\nflat in Europe. Average sales price realizations for\\nuncoated freesheet paper are expected to remain\\nsteady in Europe, but increase in Russia. Input costs\\nshould be lower for oil and wood, partially offset by\\nhigher chemicals costs.\\n\\nConsumer Packaging net sales in 2014 decreased 1%\\n\\nfrom 2013, but increased 7% from 2012. Operating\\nprofits increased 11% from 2013, but decreased 34%\\nfrom 2012. Excluding sheet plant closure costs, costs\\nassociated with the permanent shutdown of a paper\\nmachine at our Augusta, Georgia mill and costs related\\nto the sale of the Shorewood business, 2014 operating\\nprofits were 11% lower than in 2013, and 30% lower\\nthan in 2012. Benefits from higher average sales price\\nrealizations and a favorable mix ($60 million) were\\noffset by lower sales volumes ($11 million), higher\\noperating costs ($9 million), higher planned\\nmaintenance downtime costs ($12 million), higher input\\ncosts ($43 million) and higher other costs ($7 million).\\nIn addition, operating profits in 2014 include $8 million\\nof costs associated with sheet plant closures, while\\noperating profits in 2013 include costs of $45 million\\nrelated to the permanent shutdown of a paper machine\\nat our Augusta, Georgia mill and $2 million of costs\\nassociated with the sale of the Shorewood business.\\n\\nIndian Papers net sales were $178 million in 2014, $185\\n\\nmillion ($174 million excluding excise duties which were\\nincluded in net sales in 2013 and prior periods) in 2013\\nand $185 million ($178 million excluding excise duties)\\nin 2012. Operating profits were $8 million (a loss of $12\\nmillion excluding a gain related to the resolution of a\\nlegal contingency) in 2014, a loss of $145 million (a loss\\nof $22 million excluding goodwill and trade name\\nimpairment charges) in 2013 and a loss of $16 million\\nin 2012.\\n\\nAverage sales price realizations improved in 2014\\ncompared with 2013 due to the impact of price\\nincreases implemented in 2013. Sales volumes were\\nflat, reflecting weak economic conditions. Input costs\\nwere higher, primarily for wood. Operating costs and\\nplanned maintenance downtime costs were lower in\\n2014. Looking ahead to the first quarter of 2015, sales\\nvolumes are expected to be seasonally higher. Average\\nsales price realizations are expected to decrease due\\nto competitive pressures.\\n\\nConsumer Packaging\\nIn millions\\nSales\\n\\n2014\\n2013\\n2012\\n$ 3,403 $ 3,435 $ 3,170\\n\\nAsian Printing Papers net sales were $59 million in 2014,\\n\\nOperating Profit\\n\\n$90 million in 2013 and $85 million in 2012. Operating\\nprofits were $0 million in 2014 and $1 million in both\\n2013 and 2012.\\n\\n178\\n\\n161\\n\\n268\\n\\nNorth American Consumer Packaging net sales were $2.0\\n\\nbillion in 2014 compared with $2.0 billion in 2013 and\\n$2.0 billion in 2012. Operating profits were $92 million\\n($100 million excluding sheet plant closure costs) in\\n2014 compared with $63 million ($110 million excluding\\npaper machine shutdown costs and costs related to the\\nsale of the Shorewood business) in 2013 and $165\\nmillion ($162 million excluding a gain associated with\\nthe sale of the Shorewood business in 2012).\\n\\nU.S. Pulp net sales were $895 million in 2014 compared\\n\\nwith $815 million in 2013 and $725 million in 2012.\\nOperating profits were $57 million in 2014 compared\\nwith $2 million in 2013 and a loss of $59 million in 2012.\\n\\nSales volumes in 2014 increased from 2013 for both\\nfluff pulp and market pulp reflecting improved market\\ndemand. Average sales price realizations increased\\nsignificantly for fluff pulp, while prices for market pulp\\nwere also higher. Input costs for wood and energy were\\nhigher. Operating costs were lower, but planned\\nmaintenance downtime costs were $1 million higher.\\n\\nCoated Paperboard sales volumes in 2014 were lower\\nthan in 2013 reflecting weaker market demand. The\\nbusiness took about 41,000 tons of market-related\\ndowntime in 2014 compared with about 24,000 tons in\\n2013. 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in ASC\\nTopic 810*\"},{\"bbox\":[752.4,160.3,778.4,183.3],\"lines\":[{\"bbox\":[752.4,160.3,778.4,183.3],\"text\":\"0.5\"}],\"order\":7,\"text\":\"0.5\"},{\"bbox\":[891.3,160.1,941.6,183.2],\"lines\":[{\"bbox\":[891.3,160.1,941.6,183.2],\"text\":\"(18.9)\"}],\"order\":8,\"text\":\"(18.9)\"},{\"bbox\":[1056.6,160.3,1093.0,183.3],\"lines\":[{\"bbox\":[1056.6,160.3,1093.0,183.3],\"text\":\"17.9\"}],\"order\":9,\"text\":\"17.9\"},{\"bbox\":[757.6,212.3,778.4,235.4],\"lines\":[{\"bbox\":[757.6,212.3,778.4,235.4],\"text\":\"—\"}],\"order\":10,\"text\":\"—\"},{\"bbox\":[913.9,212.3,934.7,235.4],\"lines\":[{\"bbox\":[913.9,212.3,934.7,235.4],\"text\":\"—\"}],\"order\":11,\"text\":\"—\"},{\"bbox\":[1049.6,212.2,1100.0,235.3],\"lines\":[{\"bbox\":[1049.6,212.2,1100.0,235.3],\"text\":\"(17.4)\"}],\"order\":12,\"text\":\"(17.4)\"},{\"bbox\":[197.9,264.4,622.0,339.6],\"lines\":[{\"bbox\":[197.9,264.4,456.0,287.5],\"text\":\"Beginning balance, as adjusted\"},{\"bbox\":[197.9,295.7,557.8,318.7],\"text\":\"Net unrealized gains and losses included in\"},{\"bbox\":[197.9,316.5,622.0,339.6],\"text\":\"accumulated other comprehensive income/(loss)**\"}],\"order\":13,\"text\":\"Beginning balance, as adjusted\\nNet unrealized gains and losses included in\\naccumulated other comprehensive income/(loss)**\"},{\"bbox\":[752.4,264.4,778.4,287.5],\"lines\":[{\"bbox\":[752.4,264.4,778.4,287.5],\"text\":\"0.5\"}],\"order\":14,\"text\":\"0.5\"},{\"bbox\":[891.3,264.3,941.6,287.4],\"lines\":[{\"bbox\":[891.3,264.3,941.6,287.4],\"text\":\"(18.9)\"}],\"order\":15,\"text\":\"(18.9)\"},{\"bbox\":[1067.0,264.4,1093.0,287.5],\"lines\":[{\"bbox\":[1067.0,264.4,1093.0,287.5],\"text\":\"0.5\"}],\"order\":16,\"text\":\"0.5\"},{\"bbox\":[757.6,316.5,778.4,339.6],\"lines\":[{\"bbox\":[757.6,316.5,778.4,339.6],\"text\":\"—\"}],\"order\":17,\"text\":\"—\"},{\"bbox\":[913.9,316.5,934.7,339.6],\"lines\":[{\"bbox\":[913.9,316.5,934.7,339.6],\"text\":\"—\"}],\"order\":18,\"text\":\"—\"},{\"bbox\":[1067.0,316.5,1093.0,339.6],\"lines\":[{\"bbox\":[1067.0,316.5,1093.0,339.6],\"text\":\"0.1\"}],\"order\":19,\"text\":\"0.1\"},{\"bbox\":[745.4,370.7,785.4,424.9],\"lines\":[{\"bbox\":[757.6,370.7,778.4,393.7],\"text\":\"—\"},{\"bbox\":[745.4,401.8,785.4,424.9],\"text\":\"(0.5)\"}],\"order\":20,\"text\":\"—\\n(0.5)\"},{\"bbox\":[901.7,370.6,941.6,393.6],\"lines\":[{\"bbox\":[901.7,370.6,941.6,393.6],\"text\":\"(0.8)\"}],\"order\":21,\"text\":\"(0.8)\"},{\"bbox\":[1060.0,370.7,1100.0,424.9],\"lines\":[{\"bbox\":[1072.2,370.7,1093.0,393.7],\"text\":\"—\"},{\"bbox\":[1060.0,401.8,1100.0,424.9],\"text\":\"(0.1)\"}],\"order\":22,\"text\":\"—\\n(0.1)\"},{\"bbox\":[197.9,349.8,627.8,456.2],\"lines\":[{\"bbox\":[197.9,349.8,594.3,372.9],\"text\":\"Foreign exchange movements included in other\"},{\"bbox\":[197.9,370.7,273.1,393.7],\"text\":\"expenses\"},{\"bbox\":[197.9,401.9,627.8,425.0],\"text\":\"Purchases, sales, issuances, and settlements, net***\"},{\"bbox\":[197.9,433.2,326.9,456.2],\"text\":\"Ending balance\"}],\"order\":23,\"text\":\"Foreign exchange movements included in other\\nexpenses\\nPurchases, sales, issuances, and settlements, net***\\nEnding balance\"},{\"bbox\":[757.6,433.2,778.4,456.2],\"lines\":[{\"bbox\":[757.6,433.2,778.4,456.2],\"text\":\"—\"}],\"order\":24,\"text\":\"—\"},{\"bbox\":[891.3,401.9,941.6,456.1],\"lines\":[{\"bbox\":[908.6,401.9,934.7,425.0],\"text\":\"2.9\"},{\"bbox\":[891.3,433.1,941.6,456.1],\"text\":\"(16.8)\"}],\"order\":25,\"text\":\"2.9\\n(16.8)\"},{\"bbox\":[1067.0,433.2,1093.0,456.2],\"lines\":[{\"bbox\":[1067.0,433.2,1093.0,456.2],\"text\":\"0.5\"}],\"order\":26,\"text\":\"0.5\"},{\"bbox\":[104.2,516.9,229.2,539.9],\"lines\":[{\"bbox\":[104.2,516.9,229.2,539.9],\"text\":\"____________\"}],\"order\":27,\"text\":\"____________\"},{\"bbox\":[104.2,579.4,114.6,602.4],\"lines\":[{\"bbox\":[104.2,579.4,114.6,602.4],\"text\":\"*\"}],\"order\":28,\"text\":\"*\"},{\"bbox\":[141.7,579.4,1170.9,677.4],\"lines\":[{\"bbox\":[141.7,579.4,1170.9,602.4],\"text\":\"The company adopted guidance now encompassed in ASC Topic 810 on January 1, 2010, resulting in the consolidation of\"},{\"bbox\":[141.7,604.4,1170.9,627.4],\"text\":\"CLOs for which the company has an underlying investment of $50.4 million at December 31, 2011 (before consolidation).\"},{\"bbox\":[141.7,629.4,1170.9,652.4],\"text\":\"The adjustment of $17.4 million in the table above reflects the elimination of the company's equity interest upon adoption.\"},{\"bbox\":[141.7,654.4,1073.6,677.4],\"text\":\"In accordance with the standard, prior periods have not been restated to reflect the consolidation of these CLOs.\"}],\"order\":29,\"text\":\"The company adopted guidance now encompassed in ASC Topic 810 on January 1, 2010, resulting in the consolidation of\\nCLOs for which the company has an underlying investment of $50.4 million at December 31, 2011 (before consolidation).\\nThe adjustment of $17.4 million in the table above reflects the elimination of the company's equity interest upon adoption.\\nIn accordance with the standard, prior periods have not been restated to reflect the 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2010).\"},{\"bbox\":[104.2,779.4,1170.9,877.4],\"lines\":[{\"bbox\":[104.2,779.4,1170.9,802.4],\"text\":\"*** Prior to the adoption of guidance included in ASU 2010-06, discussed in Note 1, “Accounting Policies,” purchases, sales,\"},{\"bbox\":[141.7,804.4,1170.8,827.4],\"text\":\"issuances, and settlements were presented net. For the year ended December 31, 2011 there was $0.1 million of return of\"},{\"bbox\":[141.7,829.4,1170.9,852.4],\"text\":\"capital and a sale of $0.4 million related to the CLO investment (year ended December 31, 2010: $0.1 million return of capital\"},{\"bbox\":[141.7,854.4,1152.2,877.4],\"text\":\"activity). For the year ended December 31, 2011, there was $2.9 million in settlement activity related to the note payable.\"}],\"order\":31,\"text\":\"*** Prior to the adoption of guidance included in ASU 2010-06, discussed in Note 1, “Accounting Policies,” purchases, sales,\\nissuances, and settlements were presented net. For the year ended December 31, 2011 there was $0.1 million of return of\\ncapital and a sale of $0.4 million related to the CLO investment (year ended December 31, 2010: $0.1 million return of capital\\nactivity). For the year ended December 31, 2011, there was $2.9 million in settlement activity related to the note payable.\"},{\"bbox\":[104.2,901.8,281.9,924.8],\"lines\":[{\"bbox\":[104.2,901.8,281.9,924.8],\"text\":\"4. INVESTMENTS\"}],\"order\":32,\"text\":\"4. INVESTMENTS\"},{\"bbox\":[104.2,951.8,1170.8,999.8],\"lines\":[{\"bbox\":[104.2,951.8,1170.8,974.8],\"text\":\"The disclosures below include details of the company's investments. Investments held by consolidated investment products are\"},{\"bbox\":[104.2,976.8,581.8,999.8],\"text\":\"detailed in Note 20, \\\"Consolidated Investment Products.\\\"\"}],\"order\":33,\"text\":\"The disclosures below include details of the company's investments. Investments held by consolidated investment products are\\ndetailed in Note 20, \\\"Consolidated Investment Products.\\\"\"},{\"bbox\":[116.7,1026.8,293.2,1049.8],\"lines\":[{\"bbox\":[116.7,1026.8,293.2,1049.8],\"text\":\"Current Investments\"}],\"order\":34,\"text\":\"Current Investments\"},{\"bbox\":[1005.6,1068.8,1042.2,1087.3],\"lines\":[{\"bbox\":[1005.6,1068.8,1042.2,1087.3],\"text\":\"As of\"}],\"order\":35,\"text\":\"As of\"},{\"bbox\":[108.3,1118.8,195.4,1137.3],\"lines\":[{\"bbox\":[108.3,1118.8,195.4,1137.3],\"text\":\"$ in millions\"}],\"order\":36,\"text\":\"$ in millions\"},{\"bbox\":[108.3,1143.3,547.5,1370.5],\"lines\":[{\"bbox\":[108.3,1143.3,370.4,1166.3],\"text\":\"Available-for-sale investments:\"},{\"bbox\":[118.8,1172.4,221.2,1195.5],\"text\":\"Seed money\"},{\"bbox\":[108.3,1201.6,284.8,1224.7],\"text\":\"Trading investments:\"},{\"bbox\":[118.8,1230.8,547.5,1253.8],\"text\":\"Investments related to deferred compensation plans\"},{\"bbox\":[118.8,1259.9,434.6,1283.0],\"text\":\"UIT-related equity and debt securities\"},{\"bbox\":[108.3,1289.1,288.9,1312.2],\"text\":\"Foreign time deposits\"},{\"bbox\":[108.3,1318.3,155.8,1341.3],\"text\":\"Other\"},{\"bbox\":[108.3,1347.4,321.3,1370.5],\"text\":\"Total current investments\"}],\"order\":37,\"text\":\"Available-for-sale investments:\\nSeed money\\nTrading investments:\\nInvestments related to deferred compensation plans\\nUIT-related equity and debt securities\\nForeign time deposits\\nOther\\nTotal current investments\"},{\"bbox\":[621.9,1565.6,653.1,1588.7],\"lines\":[{\"bbox\":[621.9,1565.6,653.1,1588.7],\"text\":\"105\"}],\"order\":38,\"text\":\"105\"},{\"bbox\":[896.4,1093.8,993.5,1137.3],\"lines\":[{\"bbox\":[896.4,1093.8,993.5,1112.3],\"text\":\"December 31,\"},{\"bbox\":[928.1,1118.8,961.5,1137.3],\"text\":\"2011\"}],\"order\":39,\"text\":\"December 31,\\n2011\"},{\"bbox\":[1053.6,1093.8,1150.8,1137.3],\"lines\":[{\"bbox\":[1053.6,1093.8,1150.8,1112.3],\"text\":\"December 31,\"},{\"bbox\":[1085.4,1118.8,1118.8,1137.3],\"text\":\"2010\"}],\"order\":40,\"text\":\"December 31,\\n2010\"},{\"bbox\":[967.0,1172.4,1003.4,1195.5],\"lines\":[{\"bbox\":[967.0,1172.4,1003.4,1195.5],\"text\":\"63.5\"}],\"order\":41,\"text\":\"63.5\"},{\"bbox\":[1125.3,1172.4,1161.8,1195.5],\"lines\":[{\"bbox\":[1125.3,1172.4,1161.8,1195.5],\"text\":\"99.5\"}],\"order\":42,\"text\":\"99.5\"},{\"bbox\":[956.6,1230.8,1003.4,1370.5],\"lines\":[{\"bbox\":[956.6,1230.8,1003.4,1253.8],\"text\":\"184.4\"},{\"bbox\":[977.4,1259.9,1003.4,1283.0],\"text\":\"3.1\"},{\"bbox\":[967.0,1289.1,1003.4,1312.2],\"text\":\"32.2\"},{\"bbox\":[977.4,1318.3,1003.4,1341.3],\"text\":\"0.5\"},{\"bbox\":[956.6,1347.4,1003.4,1370.5],\"text\":\"283.7\"}],\"order\":43,\"text\":\"184.4\\n3.1\\n32.2\\n0.5\\n283.7\"},{\"bbox\":[1114.9,1230.8,1161.8,1370.5],\"lines\":[{\"bbox\":[1114.9,1230.8,1161.8,1253.8],\"text\":\"165.5\"},{\"bbox\":[1125.3,1259.9,1161.8,1283.0],\"text\":\"15.1\"},{\"bbox\":[1125.3,1289.1,1161.8,1312.2],\"text\":\"28.2\"},{\"bbox\":[1135.7,1318.3,1161.8,1341.3],\"text\":\"0.5\"},{\"bbox\":[1114.9,1347.4,1161.8,1370.5],\"text\":\"308.8\"}],\"order\":44,\"text\":\"165.5\\n15.1\\n28.2\\n0.5\\n308.8\"}],\"doc\":\"fintabnet:IVZ_2011\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nFor the year ended December 31, 2011\\n\\n$ in millions\\n\\nCLO Investment\\n\\nNote Payable\\n\\nFor the year ended\\nDecember 31, 2010\\nCLO Investment\\n\\nBeginning balance\\nAdoption of guidance now encompassed in ASC\\nTopic 810*\\n\\n0.5\\n\\n(18.9)\\n\\n17.9\\n\\n—\\n\\n—\\n\\n(17.4)\\n\\nBeginning balance, as adjusted\\nNet unrealized gains and losses included in\\naccumulated other comprehensive income/(loss)**\\n\\n0.5\\n\\n(18.9)\\n\\n0.5\\n\\n—\\n\\n—\\n\\n0.1\\n\\n—\\n(0.5)\\n\\n(0.8)\\n\\n—\\n(0.1)\\n\\nForeign exchange movements included in other\\nexpenses\\nPurchases, sales, issuances, and settlements, net***\\nEnding balance\\n\\n—\\n\\n2.9\\n(16.8)\\n\\n0.5\\n\\n____________\\n\\n*\\n\\nThe company adopted guidance now encompassed in ASC Topic 810 on January 1, 2010, resulting in the consolidation of\\nCLOs for which the company has an underlying investment of $50.4 million at December 31, 2011 (before consolidation).\\nThe adjustment of $17.4 million in the table above reflects the elimination of the company's equity interest upon adoption.\\nIn accordance with the standard, prior periods have not been restated to reflect the consolidation of these CLOs.\\n\\n** There were no net unrealized gains and losses included in accumulated other comprehensive income/(loss) for the year ended\\nDecember 31, 2011 as assets was sold in the year ended December 31, 2011 (year ended December 31, 2010: $0.1 million\\nattributed to the change in unrealized gains and losses related to assets still held at December 31, 2010).\\n\\n*** Prior to the adoption of guidance included in ASU 2010-06, discussed in Note 1, “Accounting Policies,” purchases, sales,\\nissuances, and settlements were presented net. For the year ended December 31, 2011 there was $0.1 million of return of\\ncapital and a sale of $0.4 million related to the CLO investment (year ended December 31, 2010: $0.1 million return of capital\\nactivity). For the year ended December 31, 2011, there was $2.9 million in settlement activity related to the note payable.\\n\\n4. INVESTMENTS\\n\\nThe disclosures below include details of the company's investments. Investments held by consolidated investment products are\\ndetailed in Note 20, \\\"Consolidated Investment Products.\\\"\\n\\nCurrent Investments\\n\\nAs of\\n\\n$ in millions\\n\\nAvailable-for-sale investments:\\nSeed money\\nTrading investments:\\nInvestments related to deferred compensation plans\\nUIT-related equity and debt securities\\nForeign time deposits\\nOther\\nTotal current investments\\n\\n105\\n\\nDecember 31,\\n2011\\n\\nDecember 31,\\n2010\\n\\n63.5\\n\\n99.5\\n\\n184.4\\n3.1\\n32.2\\n0.5\\n283.7\\n\\n165.5\\n15.1\\n28.2\\n0.5\\n308.8\",\"name\":\"fintabnet.IVZ_2011_page_105__150dpi_none\",\"page_id\":\"fintabnet.IVZ_2011_page_105\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"IVZ_2011_page_105\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[197.9,92.3,1100.0,456.2],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26],\"cells\":null},{\"bbox\":[108.3,1068.8,1161.8,1370.5],\"block_orders\":[35,36,37,39,40,41,42,43,44],\"cells\":null}],\"text\":\"Table of Contents\\n\\nFor the year ended December 31, 2011\\n\\n$ in millions\\n\\nCLO Investment\\n\\nNote Payable\\n\\nFor the year ended\\nDecember 31, 2010\\nCLO Investment\\n\\nBeginning balance\\nAdoption of guidance now encompassed in ASC\\nTopic 810*\\n\\n0.5\\n\\n(18.9)\\n\\n17.9\\n\\n—\\n\\n—\\n\\n(17.4)\\n\\nBeginning balance, as adjusted\\nNet unrealized gains and losses included in\\naccumulated other comprehensive income/(loss)**\\n\\n0.5\\n\\n(18.9)\\n\\n0.5\\n\\n—\\n\\n—\\n\\n0.1\\n\\n—\\n(0.5)\\n\\n(0.8)\\n\\n—\\n(0.1)\\n\\nForeign exchange movements included in other\\nexpenses\\nPurchases, sales, issuances, and settlements, net***\\nEnding balance\\n\\n—\\n\\n2.9\\n(16.8)\\n\\n0.5\\n\\n____________\\n\\n*\\n\\nThe company adopted guidance now encompassed in ASC Topic 810 on January 1, 2010, resulting in the consolidation of\\nCLOs for which the company has an underlying investment of $50.4 million at December 31, 2011 (before consolidation).\\nThe adjustment of $17.4 million in the table above reflects the elimination of the company's equity interest upon adoption.\\nIn accordance with the standard, prior periods have not been restated to reflect the consolidation of these CLOs.\\n\\n** There were no net unrealized gains and losses included in accumulated other comprehensive income/(loss) for the year ended\\nDecember 31, 2011 as assets was sold in the year ended December 31, 2011 (year ended December 31, 2010: $0.1 million\\nattributed to the change in unrealized gains and losses related to assets still held at December 31, 2010).\\n\\n*** Prior to the adoption of guidance included in ASU 2010-06, discussed in Note 1, “Accounting Policies,” purchases, sales,\\nissuances, and settlements were presented net. For the year ended December 31, 2011 there was $0.1 million of return of\\ncapital and a sale of $0.4 million related to the CLO investment (year ended December 31, 2010: $0.1 million return of capital\\nactivity). For the year ended December 31, 2011, there was $2.9 million in settlement activity related to the note payable.\\n\\n4. INVESTMENTS\\n\\nThe disclosures below include details of the company's investments. Investments held by consolidated investment products are\\ndetailed in Note 20, \\\"Consolidated Investment Products.\\\"\\n\\nCurrent Investments\\n\\nAs of\\n\\n$ in millions\\n\\nAvailable-for-sale investments:\\nSeed money\\nTrading investments:\\nInvestments related to deferred compensation plans\\nUIT-related equity and debt securities\\nForeign time deposits\\nOther\\nTotal current investments\\n\\n105\\n\\nDecember 31,\\n2011\\n\\nDecember 31,\\n2010\\n\\n63.5\\n\\n99.5\\n\\n184.4\\n3.1\\n32.2\\n0.5\\n283.7\\n\\n165.5\\n15.1\\n28.2\\n0.5\\n308.8\"},\"name\":\"fintabnet.IVZ_2011_page_105__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":114633,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:IVZ_2011\",\"dpi\":150,\"gt_sha256\":\"0bd5ef19f2ab0bd84401c5d2ea3b4e79f842a67d57fa761c90f0d9a814321709\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.IVZ_2011_page_105__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.IVZ_2011_page_105\",\"pdf_sha256\":\"a3bacb17c8fb5c32e634c6c44acde75a56d3905b4bf3bd1611d823ff06feefd6\",\"px\":[1275,1650],\"scan\":{\"render\":\"000038fc3ffc3f541efc22043ffe3ffe3ffc3e0020147ffe7e0a001e00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"IVZ_2011_page_105\",\"src\":{\"file_sha256\":\"09721476073ba32fa151c9a2215b4ccb80b5b35dffc4fa7b4015213f3da7a064\",\"render\":\"200038fc3efc3f5418fc3a843ffe3ffe3ffc3e00201c7ffe7e0a001e00000000\",\"text\":\"4361ee18b6f104f77eff6413c5f3c6393f74eda46f3bc37f25136e3f0b0954c5\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"a3bacb17c8fb5c32e634c6c44acde75a56d3905b4bf3bd1611d823ff06feefd6\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/a3bacb17c8fb5c32e634c6c44acde75a56d3905b4bf3bd1611d823ff06feefd6.pdf","asset_sha256":"a3bacb17c8fb5c32e634c6c44acde75a56d3905b4bf3bd1611d823ff06feefd6","document_id":"fintabnet:IVZ_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IVZ_2011_page_105\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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expenses\\nOperating income\\nEquity in earnings of unconsolidated affiliates\\nInterest and dividend income\\nOther investment income/(losses)\\nInterest expense\\nIncome before income taxes\\nIncome tax provision\\nNet income\\n(Gains)/losses attributable to noncontrolling interests in\\nconsolidated entities, net\\nNet income attributable to common shareholders\"},{\"bbox\":[420.4,63.5,495.7,91.5],\"lines\":[{\"bbox\":[442.0,64.2,473.7,77.5],\"text\":\"Before\"},{\"bbox\":[420.8,75.2,495.7,91.5],\"text\":\"Consolidation (1)\"}],\"order\":3,\"text\":\"Before\\nConsolidation (1)\"},{\"bbox\":[510.7,47.5,574.3,88.5],\"lines\":[{\"bbox\":[510.7,47.5,573.4,61.9],\"text\":\"Consolidated\"},{\"bbox\":[515.7,61.0,569.2,75.1],\"text\":\"Investment\"},{\"bbox\":[521.5,74.5,564.5,88.2],\"text\":\"Products\"}],\"order\":4,\"text\":\"Consolidated\\nInvestment\\nProducts\"},{\"bbox\":[590.1,69.5,667.9,86.0],\"lines\":[{\"bbox\":[590.1,69.5,667.9,86.0],\"text\":\"Adjustments (1)(2)\"}],\"order\":5,\"text\":\"Adjustments (1)(2)\"},{\"bbox\":[454.6,111.2,506.7,291.9],\"lines\":[{\"bbox\":[454.6,111.3,496.7,128.1],\"text\":\"3,532.7\"},{\"bbox\":[455.2,129.4,497.3,146.1],\"text\":\"2,887.8\"},{\"bbox\":[466.2,147.4,497.9,163.8],\"text\":\"644.9\"},{\"bbox\":[473.7,165.5,498.5,181.6],\"text\":\"40.8\"},{\"bbox\":[474.3,183.5,499.1,199.7],\"text\":\"10.4\"},{\"bbox\":[474.9,201.6,499.7,217.7],\"text\":\"15.6\"},{\"bbox\":[470.8,219.4,504.9,235.9],\"text\":\"(58.6)\"},{\"bbox\":[469.1,237.7,500.9,254.0],\"text\":\"653.1\"},{\"bbox\":[465.1,256.9,506.1,273.6],\"text\":\"(197.0)\"},{\"bbox\":[470.4,275.1,502.1,291.5],\"text\":\"456.1\"}],\"order\":6,\"text\":\"3,532.7\\n2,887.8\\n644.9\\n40.8\\n10.4\\n15.6\\n(58.6)\\n653.1\\n(197.0)\\n456.1\"},{\"bbox\":[539.5,108.6,585.9,289.1],\"lines\":[{\"bbox\":[558.0,108.7,575.8,124.7],\"text\":\"0.3\"},{\"bbox\":[551.6,126.8,576.4,142.9],\"text\":\"55.3\"},{\"bbox\":[547.6,144.6,581.7,161.1],\"text\":\"(55.0)\"},{\"bbox\":[563.2,162.9,577.6,178.7],\"text\":\"—\"},{\"bbox\":[546.5,180.9,578.2,197.3],\"text\":\"246.0\"},{\"bbox\":[547.1,199.0,578.8,215.4],\"text\":\"107.6\"},{\"bbox\":[543.0,216.8,584.0,233.5],\"text\":\"(123.7)\"},{\"bbox\":[548.3,235.0,580.0,251.4],\"text\":\"174.9\"},{\"bbox\":[566.3,254.5,580.7,270.3],\"text\":\"—\"},{\"bbox\":[549.5,272.5,581.2,288.9],\"text\":\"174.9\"}],\"order\":7,\"text\":\"0.3\\n55.3\\n(55.0)\\n—\\n246.0\\n107.6\\n(123.7)\\n174.9\\n—\\n174.9\"},{\"bbox\":[639.4,105.4,678.9,285.8],\"lines\":[{\"bbox\":[639.4,105.4,673.5,121.9],\"text\":\"(45.3)\"},{\"bbox\":[640.0,123.5,674.1,140.0],\"text\":\"(45.3)\"},{\"bbox\":[655.7,141.8,670.0,157.6],\"text\":\"—\"},{\"bbox\":[648.1,159.6,675.3,175.8],\"text\":\"(0.6)\"},{\"bbox\":[648.7,177.6,675.9,193.9],\"text\":\"(5.1)\"},{\"bbox\":[654.0,195.9,671.8,211.8],\"text\":\"6.4\"},{\"bbox\":[654.6,213.9,672.4,229.9],\"text\":\"5.1\"},{\"bbox\":[655.2,232.0,673.0,247.9],\"text\":\"5.8\"},{\"bbox\":[659.3,251.4,673.7,267.2],\"text\":\"—\"},{\"bbox\":[656.4,269.5,674.3,285.4],\"text\":\"5.8\"}],\"order\":8,\"text\":\"(45.3)\\n(45.3)\\n—\\n(0.6)\\n(5.1)\\n6.4\\n5.1\\n5.8\\n—\\n5.8\"},{\"bbox\":[701.6,103.0,753.8,283.7],\"lines\":[{\"bbox\":[701.6,103.2,743.7,119.9],\"text\":\"3,487.7\"},{\"bbox\":[702.2,121.2,744.3,138.0],\"text\":\"2,897.8\"},{\"bbox\":[713.3,139.3,745.0,155.7],\"text\":\"589.9\"},{\"bbox\":[720.8,157.3,745.6,173.5],\"text\":\"40.2\"},{\"bbox\":[714.5,175.4,746.2,191.8],\"text\":\"251.3\"},{\"bbox\":[715.0,193.4,746.8,209.8],\"text\":\"129.6\"},{\"bbox\":[711.0,211.2,752.0,227.9],\"text\":\"(177.2)\"},{\"bbox\":[716.2,229.5,748.0,245.9],\"text\":\"833.8\"},{\"bbox\":[712.2,248.7,753.2,265.4],\"text\":\"(197.0)\"},{\"bbox\":[717.5,267.0,749.2,283.4],\"text\":\"636.8\"}],\"order\":9,\"text\":\"3,487.7\\n2,897.8\\n589.9\\n40.2\\n251.3\\n129.6\\n(177.2)\\n833.8\\n(197.0)\\n636.8\"},{\"bbox\":[471.4,305.3,508.4,341.5],\"lines\":[{\"bbox\":[480.6,305.3,507.7,321.6],\"text\":\"(0.2)\"},{\"bbox\":[472.0,325.1,503.8,341.5],\"text\":\"455.9\"}],\"order\":10,\"text\":\"(0.2)\\n455.9\"},{\"bbox\":[545.9,302.7,587.5,339.0],\"lines\":[{\"bbox\":[545.9,302.7,586.9,319.4],\"text\":\"(170.8)\"},{\"bbox\":[565.0,322.5,582.9,338.4],\"text\":\"4.1\"}],\"order\":11,\"text\":\"(170.8)\\n4.1\"},{\"bbox\":[652.7,299.6,680.5,335.5],\"lines\":[{\"bbox\":[652.7,299.6,679.9,315.9],\"text\":\"(0.1)\"},{\"bbox\":[658.0,319.4,675.9,335.4],\"text\":\"5.7\"}],\"order\":12,\"text\":\"(0.1)\\n5.7\"},{\"bbox\":[713.8,297.2,755.5,333.5],\"lines\":[{\"bbox\":[713.8,297.2,754.8,313.9],\"text\":\"(171.1)\"},{\"bbox\":[719.1,317.0,750.9,333.4],\"text\":\"465.7\"}],\"order\":13,\"text\":\"(171.1)\\n465.7\"},{\"bbox\":[700.7,69.2,726.4,82.3],\"lines\":[{\"bbox\":[700.7,69.2,726.4,82.3],\"text\":\"Total\"}],\"order\":14,\"text\":\"Total\"},{\"bbox\":[63.6,374.5,147.4,392.6],\"lines\":[{\"bbox\":[63.6,374.5,147.4,392.6],\"text\":\"____________\"}],\"order\":15,\"text\":\"____________\"},{\"bbox\":[64.7,387.1,780.3,559.2],\"lines\":[{\"bbox\":[64.7,387.1,775.9,425.9],\"text\":\"(1) The Before Consolidation column includes Invesco's equity interests in the investment products accounted for as equity\"},{\"bbox\":[90.2,403.8,776.4,441.7],\"text\":\"method (private equity and real estate partnership funds) and available-for-sale investments (CLOs). Upon consolidation of\"},{\"bbox\":[90.7,420.4,777.0,458.4],\"text\":\"the CLOs, the company's and the CLOs' accounting policies are effectively aligned, resulting in the reclassification of the\"},{\"bbox\":[91.3,437.1,777.5,475.0],\"text\":\"company's gain for the year ended December 31, 2011 of $20.3 million (representing the increase in the market value of the\"},{\"bbox\":[91.8,453.7,778.1,491.7],\"text\":\"company's holding in the consolidated CLOs) from other comprehensive income into other gains/losses (year ended\"},{\"bbox\":[92.4,470.4,778.6,508.4],\"text\":\"December 31, 2010: $6.4 million). The company's gain on its investment in the CLOs (before consolidation) eliminates with\"},{\"bbox\":[92.9,487.1,779.2,525.0],\"text\":\"the company's share of the offsetting loss on the CLOs' debt. The net income arising from consolidation of CLOs is therefore\"},{\"bbox\":[93.5,503.7,779.8,541.7],\"text\":\"completely attributed to other investors in these CLOs, as the company's share has been eliminated through consolidation.\"},{\"bbox\":[94.0,520.4,780.3,558.3],\"text\":\"The Before Consolidation column does not include any other adjustments related to non-GAAP financial measure presentation.\"}],\"order\":16,\"text\":\"(1) The Before Consolidation column includes Invesco's equity interests in the investment products accounted for as equity\\nmethod (private equity and real estate partnership funds) and available-for-sale investments (CLOs). Upon consolidation of\\nthe CLOs, the company's and the CLOs' accounting policies are effectively aligned, resulting in the reclassification of the\\ncompany's gain for the year ended December 31, 2011 of $20.3 million (representing the increase in the market value of the\\ncompany's holding in the consolidated CLOs) from other comprehensive income into other gains/losses (year ended\\nDecember 31, 2010: $6.4 million). The company's gain on its investment in the CLOs (before consolidation) eliminates with\\nthe company's share of the offsetting loss on the CLOs' debt. The net income arising from consolidation of CLOs is therefore\\ncompletely attributed to other investors in these CLOs, as the company's share has been eliminated through consolidation.\\nThe Before Consolidation column does not include any other adjustments related to non-GAAP financial measure presentation.\"},{\"bbox\":[70.1,553.7,782.5,625.8],\"lines\":[{\"bbox\":[70.1,553.7,781.4,592.5],\"text\":\"(2) Adjustments include the elimination of intercompany transactions between the company and its consolidated investment\"},{\"bbox\":[95.7,570.3,782.0,608.3],\"text\":\"products, primarily the elimination of management fees expensed by the funds and recorded as operating revenues (before\"},{\"bbox\":[96.2,603.8,271.3,625.0],\"text\":\"consolidation) by the company.\"}],\"order\":17,\"text\":\"(2) Adjustments include the elimination of intercompany transactions between the company and its consolidated investment\\nproducts, primarily the elimination of management fees expensed by the funds and recorded as operating revenues (before\\nconsolidation) by the company.\"},{\"bbox\":[80.6,634.5,304.0,657.2],\"lines\":[{\"bbox\":[80.6,634.5,304.0,657.2],\"text\":\"Operating Revenues and Net Revenues\"}],\"order\":18,\"text\":\"Operating Revenues and Net Revenues\"},{\"bbox\":[88.7,655.2,685.0,690.2],\"lines\":[{\"bbox\":[88.7,655.2,685.0,690.2],\"text\":\"The main categories of revenues, and the dollar and percentage change between the periods, are as follows:\"}],\"order\":19,\"text\":\"The main categories of revenues, and the dollar and percentage change between the periods, are as follows:\"},{\"bbox\":[77.4,712.3,135.9,726.5],\"lines\":[{\"bbox\":[77.4,712.3,135.9,726.5],\"text\":\"$ in millions\"}],\"order\":20,\"text\":\"$ in millions\"},{\"bbox\":[78.0,716.7,512.2,955.7],\"lines\":[{\"bbox\":[78.0,725.4,240.4,746.1],\"text\":\"Investment management fees\"},{\"bbox\":[78.6,744.9,237.6,765.5],\"text\":\"Service and distribution fees\"},{\"bbox\":[79.3,766.4,176.5,785.0],\"text\":\"Performance fees\"},{\"bbox\":[79.9,788.0,112.0,804.4],\"text\":\"Other\"},{\"bbox\":[80.5,803.9,219.1,823.8],\"text\":\"Total operating revenues\"},{\"bbox\":[81.2,817.8,387.8,843.3],\"text\":\"Third-party distribution, service and advisory expenses\"},{\"bbox\":[81.9,834.5,509.2,863.9],\"text\":\"Proportional share of revenues, net of third-party distribution expenses, from\"},{\"bbox\":[82.3,857.8,223.2,877.8],\"text\":\"joint venture investments\"},{\"bbox\":[83.0,870.2,442.0,897.4],\"text\":\"Management fees earned from consolidated investment products\"},{\"bbox\":[83.6,889.7,441.1,916.8],\"text\":\"Performance fees earned from consolidated investment products\"},{\"bbox\":[84.3,909.6,427.9,936.3],\"text\":\"Other revenues recorded by consolidated investment products\"},{\"bbox\":[84.9,937.9,158.2,955.7],\"text\":\"Net revenues\"}],\"order\":21,\"text\":\"Investment management fees\\nService and distribution fees\\nPerformance fees\\nOther\\nTotal operating revenues\\nThird-party distribution, service and advisory expenses\\nProportional share of revenues, net of third-party distribution expenses, from\\njoint venture investments\\nManagement fees earned from consolidated investment products\\nPerformance fees earned from consolidated investment products\\nOther revenues recorded by consolidated investment products\\nNet revenues\"},{\"bbox\":[543.2,698.2,565.8,711.2],\"lines\":[{\"bbox\":[543.2,698.2,565.8,711.2],\"text\":\"2011\"}],\"order\":22,\"text\":\"2011\"},{\"bbox\":[611.2,695.9,633.8,708.9],\"lines\":[{\"bbox\":[611.2,695.9,633.8,708.9],\"text\":\"2010\"}],\"order\":23,\"text\":\"2010\"},{\"bbox\":[667.5,682.7,704.7,707.3],\"lines\":[{\"bbox\":[683.0,683.2,689.0,695.7],\"text\":\"$\"},{\"bbox\":[667.9,693.8,704.7,707.3],\"text\":\"Change\"}],\"order\":24,\"text\":\"$\\nChange\"},{\"bbox\":[726.2,691.2,776.9,705.2],\"lines\":[{\"bbox\":[726.2,691.2,776.9,705.2],\"text\":\"% Change\"}],\"order\":25,\"text\":\"% Change\"},{\"bbox\":[535.1,714.0,589.7,828.1],\"lines\":[{\"bbox\":[539.7,714.1,581.8,730.9],\"text\":\"3,138.5\"},{\"bbox\":[550.8,733.6,582.5,750.0],\"text\":\"780.3\"},{\"bbox\":[558.4,753.0,583.2,769.2],\"text\":\"37.9\"},{\"bbox\":[552.1,772.4,583.8,788.8],\"text\":\"135.5\"},{\"bbox\":[542.2,791.9,584.4,808.6],\"text\":\"4,092.2\"},{\"bbox\":[538.3,811.1,589.7,828.1],\"text\":\"(1,282.5)\"}],\"order\":26,\"text\":\"3,138.5\\n780.3\\n37.9\\n135.5\\n4,092.2\\n(1,282.5)\"},{\"bbox\":[603.1,711.7,657.7,825.9],\"lines\":[{\"bbox\":[607.7,711.9,649.8,728.6],\"text\":\"2,720.9\"},{\"bbox\":[618.8,731.3,650.6,747.7],\"text\":\"645.5\"},{\"bbox\":[626.4,750.8,651.2,766.9],\"text\":\"26.1\"},{\"bbox\":[627.0,770.2,651.8,786.4],\"text\":\"95.2\"},{\"bbox\":[610.3,789.6,652.4,806.4],\"text\":\"3,487.7\"},{\"bbox\":[606.3,808.8,657.7,825.9],\"text\":\"(1,053.8)\"}],\"order\":27,\"text\":\"2,720.9\\n645.5\\n26.1\\n95.2\\n3,487.7\\n(1,053.8)\"},{\"bbox\":[671.8,709.8,716.0,823.6],\"lines\":[{\"bbox\":[676.4,710.0,708.1,726.4],\"text\":\"417.6\"},{\"bbox\":[677.1,729.4,708.8,745.8],\"text\":\"134.8\"},{\"bbox\":[684.6,748.8,709.4,765.0],\"text\":\"11.8\"},{\"bbox\":[685.3,768.3,710.1,784.4],\"text\":\"40.3\"},{\"bbox\":[679.0,787.7,710.7,804.1],\"text\":\"604.5\"},{\"bbox\":[675.0,806.9,716.0,823.6],\"text\":\"(228.7)\"}],\"order\":28,\"text\":\"417.6\\n134.8\\n11.8\\n40.3\\n604.5\\n(228.7)\"},{\"bbox\":[744.0,707.4,788.2,821.3],\"lines\":[{\"bbox\":[744.0,707.4,785.0,724.1],\"text\":\"15.3 %\"},{\"bbox\":[744.7,726.9,785.7,743.6],\"text\":\"20.9 %\"},{\"bbox\":[745.3,746.3,786.3,763.0],\"text\":\"45.2 %\"},{\"bbox\":[745.9,765.7,786.9,782.4],\"text\":\"42.3 %\"},{\"bbox\":[746.6,785.2,787.6,801.9],\"text\":\"17.3 %\"},{\"bbox\":[747.2,804.6,788.2,821.3],\"text\":\"21.7 %\"}],\"order\":29,\"text\":\"15.3 %\\n20.9 %\\n45.2 %\\n42.3 %\\n17.3 %\\n21.7 %\"},{\"bbox\":[544.0,845.9,588.8,940.5],\"lines\":[{\"bbox\":[561.4,845.9,586.2,862.0],\"text\":\"41.4\"},{\"bbox\":[562.1,865.4,586.9,881.6],\"text\":\"46.8\"},{\"bbox\":[569.7,884.9,587.5,900.8],\"text\":\"0.5\"},{\"bbox\":[573.8,904.3,588.2,920.1],\"text\":\"—\"},{\"bbox\":[546.6,923.7,588.7,940.5],\"text\":\"2,898.4\"}],\"order\":30,\"text\":\"41.4\\n46.8\\n0.5\\n—\\n2,898.4\"},{\"bbox\":[612.0,843.5,661.4,938.2],\"lines\":[{\"bbox\":[629.5,843.6,654.3,859.8],\"text\":\"42.2\"},{\"bbox\":[630.1,863.2,654.9,879.4],\"text\":\"45.3\"},{\"bbox\":[641.2,882.6,655.5,898.5],\"text\":\"—\"},{\"bbox\":[633.7,901.8,660.8,918.1],\"text\":\"(0.3)\"},{\"bbox\":[614.6,921.5,656.8,938.2],\"text\":\"2,521.1\"}],\"order\":31,\"text\":\"42.2\\n45.3\\n—\\n(0.3)\\n2,521.1\"},{\"bbox\":[680.7,841.5,719.7,936.0],\"lines\":[{\"bbox\":[690.0,841.5,717.2,857.7],\"text\":\"(0.8)\"},{\"bbox\":[695.3,861.3,713.2,877.2],\"text\":\"1.5\"},{\"bbox\":[696.0,880.7,713.8,896.7],\"text\":\"0.5\"},{\"bbox\":[696.6,900.1,714.5,916.1],\"text\":\"0.3\"},{\"bbox\":[683.3,919.6,715.1,936.0],\"text\":\"377.3\"}],\"order\":32,\"text\":\"(0.8)\\n1.5\\n0.5\\n0.3\\n377.3\"},{\"bbox\":[736.8,839.2,791.9,934.1],\"lines\":[{\"bbox\":[750.6,839.2,789.3,855.8],\"text\":\"(1.9)%\"},{\"bbox\":[755.9,858.7,790.0,875.2],\"text\":\"3.3 %\"},{\"bbox\":[762.8,878.3,787.2,894.4],\"text\":\"N/A\"},{\"bbox\":[738.7,897.6,791.3,914.7],\"text\":\"(100.0)%\"},{\"bbox\":[750.9,917.0,791.9,933.8],\"text\":\"15.0 %\"}],\"order\":33,\"text\":\"(1.9)%\\n3.3 %\\nN/A\\n(100.0)%\\n15.0 %\"},{\"bbox\":[83.9,972.6,797.5,1080.3],\"lines\":[{\"bbox\":[99.2,972.6,795.2,1010.9],\"text\":\"Operating revenues increased by 17.3% in the year ended December 31, 2011 to $4,092.2 million (year ended December 31,\"},{\"bbox\":[84.5,989.3,795.8,1028.1],\"text\":\"2010: $3,487.7 million). Net revenues increased by 15.0% in in the year ended December 31, 2011 to $2,898.4 million (year ended\"},{\"bbox\":[85.0,1005.9,796.3,1044.7],\"text\":\"December 31, 2010: $2,521.1 million). Net revenues are operating revenues less third-party distribution, service and advisory\"},{\"bbox\":[85.6,1022.6,796.8,1061.4],\"text\":\"expenses, plus our proportional share of net revenues from joint venture arrangements, plus management and performance fees\"},{\"bbox\":[434.6,1053.0,449.0,1068.8],\"text\":\"40\"}],\"order\":34,\"text\":\"Operating revenues increased by 17.3% in the year ended December 31, 2011 to $4,092.2 million (year ended December 31,\\n2010: $3,487.7 million). Net revenues increased by 15.0% in in the year ended December 31, 2011 to $2,898.4 million (year ended\\nDecember 31, 2010: $2,521.1 million). Net revenues are operating revenues less third-party distribution, service and advisory\\nexpenses, plus our proportional share of net revenues from joint venture arrangements, plus management and performance fees\\n40\"}],\"doc\":\"fintabnet:IVZ_2011\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"Table of Contents\\n\\n$ in millions\\n\\nYear ended December 31, 2010\\nTotal operating revenues\\nTotal operating expenses\\nOperating income\\nEquity in earnings of unconsolidated affiliates\\nInterest and dividend income\\nOther investment income/(losses)\\nInterest expense\\nIncome before income taxes\\nIncome tax provision\\nNet income\\n(Gains)/losses attributable to noncontrolling interests in\\nconsolidated entities, net\\nNet income attributable to common shareholders\\n\\nBefore\\nConsolidation (1)\\n\\nConsolidated\\nInvestment\\nProducts\\n\\nAdjustments (1)(2)\\n\\n3,532.7\\n2,887.8\\n644.9\\n40.8\\n10.4\\n15.6\\n(58.6)\\n653.1\\n(197.0)\\n456.1\\n\\n0.3\\n55.3\\n(55.0)\\n—\\n246.0\\n107.6\\n(123.7)\\n174.9\\n—\\n174.9\\n\\n(45.3)\\n(45.3)\\n—\\n(0.6)\\n(5.1)\\n6.4\\n5.1\\n5.8\\n—\\n5.8\\n\\n3,487.7\\n2,897.8\\n589.9\\n40.2\\n251.3\\n129.6\\n(177.2)\\n833.8\\n(197.0)\\n636.8\\n\\n(0.2)\\n455.9\\n\\n(170.8)\\n4.1\\n\\n(0.1)\\n5.7\\n\\n(171.1)\\n465.7\\n\\nTotal\\n\\n____________\\n\\n(1) The Before Consolidation column includes Invesco's equity interests in the investment products accounted for as equity\\nmethod (private equity and real estate partnership funds) and available-for-sale investments (CLOs). Upon consolidation of\\nthe CLOs, the company's and the CLOs' accounting policies are effectively aligned, resulting in the reclassification of the\\ncompany's gain for the year ended December 31, 2011 of $20.3 million (representing the increase in the market value of the\\ncompany's holding in the consolidated CLOs) from other comprehensive income into other gains/losses (year ended\\nDecember 31, 2010: $6.4 million). The company's gain on its investment in the CLOs (before consolidation) eliminates with\\nthe company's share of the offsetting loss on the CLOs' debt. The net income arising from consolidation of CLOs is therefore\\ncompletely attributed to other investors in these CLOs, as the company's share has been eliminated through consolidation.\\nThe Before Consolidation column does not include any other adjustments related to non-GAAP financial measure presentation.\\n\\n(2) Adjustments include the elimination of intercompany transactions between the company and its consolidated investment\\nproducts, primarily the elimination of management fees expensed by the funds and recorded as operating revenues (before\\nconsolidation) by the company.\\n\\nOperating Revenues and Net Revenues\\n\\nThe main categories of revenues, and the dollar and percentage change between the periods, are as follows:\\n\\n$ in millions\\n\\nInvestment management fees\\nService and distribution fees\\nPerformance fees\\nOther\\nTotal operating revenues\\nThird-party distribution, service and advisory expenses\\nProportional share of revenues, net of third-party distribution expenses, from\\njoint venture investments\\nManagement fees earned from consolidated investment products\\nPerformance fees earned from consolidated investment products\\nOther revenues recorded by consolidated investment products\\nNet revenues\\n\\n2011\\n\\n2010\\n\\n$\\nChange\\n\\n% Change\\n\\n3,138.5\\n780.3\\n37.9\\n135.5\\n4,092.2\\n(1,282.5)\\n\\n2,720.9\\n645.5\\n26.1\\n95.2\\n3,487.7\\n(1,053.8)\\n\\n417.6\\n134.8\\n11.8\\n40.3\\n604.5\\n(228.7)\\n\\n15.3 %\\n20.9 %\\n45.2 %\\n42.3 %\\n17.3 %\\n21.7 %\\n\\n41.4\\n46.8\\n0.5\\n—\\n2,898.4\\n\\n42.2\\n45.3\\n—\\n(0.3)\\n2,521.1\\n\\n(0.8)\\n1.5\\n0.5\\n0.3\\n377.3\\n\\n(1.9)%\\n3.3 %\\nN/A\\n(100.0)%\\n15.0 %\\n\\nOperating revenues increased by 17.3% in the year ended December 31, 2011 to $4,092.2 million (year ended December 31,\\n2010: $3,487.7 million). Net revenues increased by 15.0% in in the year ended December 31, 2011 to $2,898.4 million (year ended\\nDecember 31, 2010: $2,521.1 million). Net revenues are operating revenues less third-party distribution, service and advisory\\nexpenses, plus our proportional share of net revenues from joint venture arrangements, plus management and performance fees\\n40\",\"name\":\"fintabnet.IVZ_2011_page_40__100dpi_medium\",\"page_id\":\"fintabnet.IVZ_2011_page_40\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.887,\"source\":\"fintabnet\",\"source_id\":\"IVZ_2011_page_40\",\"stack\":[{\"deg\":1.887,\"op\":\"skew\"},{\"amp\":0.173,\"angle\":248.4,\"blob\":0.306,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":3.68,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":5.961},{\"op\":\"jpeg\",\"q\":51}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[77.1,680.1,791.9,955.7],\"block_orders\":[20,21,22,23,24,25,26,27,28,29,30,31,32,33],\"cells\":null},{\"bbox\":[72.7,41.9,755.5,354.4],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14],\"cells\":null}],\"text\":\"Table of Contents\\n\\n$ in millions\\n\\nYear ended December 31, 2010\\nTotal operating revenues\\nTotal operating expenses\\nOperating income\\nEquity in earnings of unconsolidated affiliates\\nInterest and dividend income\\nOther investment income/(losses)\\nInterest expense\\nIncome before income taxes\\nIncome tax provision\\nNet income\\n(Gains)/losses attributable to noncontrolling interests in\\nconsolidated entities, net\\nNet income attributable to common shareholders\\n\\nBefore\\nConsolidation (1)\\n\\nConsolidated\\nInvestment\\nProducts\\n\\nAdjustments (1)(2)\\n\\n3,532.7\\n2,887.8\\n644.9\\n40.8\\n10.4\\n15.6\\n(58.6)\\n653.1\\n(197.0)\\n456.1\\n\\n0.3\\n55.3\\n(55.0)\\n—\\n246.0\\n107.6\\n(123.7)\\n174.9\\n—\\n174.9\\n\\n(45.3)\\n(45.3)\\n—\\n(0.6)\\n(5.1)\\n6.4\\n5.1\\n5.8\\n—\\n5.8\\n\\n3,487.7\\n2,897.8\\n589.9\\n40.2\\n251.3\\n129.6\\n(177.2)\\n833.8\\n(197.0)\\n636.8\\n\\n(0.2)\\n455.9\\n\\n(170.8)\\n4.1\\n\\n(0.1)\\n5.7\\n\\n(171.1)\\n465.7\\n\\nTotal\\n\\n____________\\n\\n(1) The Before Consolidation column includes Invesco's equity interests in the investment products accounted for as equity\\nmethod (private equity and real estate partnership funds) and available-for-sale investments (CLOs). Upon consolidation of\\nthe CLOs, the company's and the CLOs' accounting policies are effectively aligned, resulting in the reclassification of the\\ncompany's gain for the year ended December 31, 2011 of $20.3 million (representing the increase in the market value of the\\ncompany's holding in the consolidated CLOs) from other comprehensive income into other gains/losses (year ended\\nDecember 31, 2010: $6.4 million). The company's gain on its investment in the CLOs (before consolidation) eliminates with\\nthe company's share of the offsetting loss on the CLOs' debt. The net income arising from consolidation of CLOs is therefore\\ncompletely attributed to other investors in these CLOs, as the company's share has been eliminated through consolidation.\\nThe Before Consolidation column does not include any other adjustments related to non-GAAP financial measure presentation.\\n\\n(2) Adjustments include the elimination of intercompany transactions between the company and its consolidated investment\\nproducts, primarily the elimination of management fees expensed by the funds and recorded as operating revenues (before\\nconsolidation) by the company.\\n\\nOperating Revenues and Net Revenues\\n\\nThe main categories of revenues, and the dollar and percentage change between the periods, are as follows:\\n\\n$ in millions\\n\\nInvestment management fees\\nService and distribution fees\\nPerformance fees\\nOther\\nTotal operating revenues\\nThird-party distribution, service and advisory expenses\\nProportional share of revenues, net of third-party distribution expenses, from\\njoint venture investments\\nManagement fees earned from consolidated investment products\\nPerformance fees earned from consolidated investment products\\nOther revenues recorded by consolidated investment products\\nNet revenues\\n\\n2011\\n\\n2010\\n\\n$\\nChange\\n\\n% Change\\n\\n3,138.5\\n780.3\\n37.9\\n135.5\\n4,092.2\\n(1,282.5)\\n\\n2,720.9\\n645.5\\n26.1\\n95.2\\n3,487.7\\n(1,053.8)\\n\\n417.6\\n134.8\\n11.8\\n40.3\\n604.5\\n(228.7)\\n\\n15.3 %\\n20.9 %\\n45.2 %\\n42.3 %\\n17.3 %\\n21.7 %\\n\\n41.4\\n46.8\\n0.5\\n—\\n2,898.4\\n\\n42.2\\n45.3\\n—\\n(0.3)\\n2,521.1\\n\\n(0.8)\\n1.5\\n0.5\\n0.3\\n377.3\\n\\n(1.9)%\\n3.3 %\\nN/A\\n(100.0)%\\n15.0 %\\n\\nOperating revenues increased by 17.3% in the year ended December 31, 2011 to $4,092.2 million (year ended December 31,\\n2010: $3,487.7 million). Net revenues increased by 15.0% in in the year ended December 31, 2011 to $2,898.4 million (year ended\\nDecember 31, 2010: $2,521.1 million). 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IVZ_2011_page_70\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:IVZ_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[228.3,30.2,526.0,80.1],\"lines\":[{\"bbox\":[228.3,30.2,526.0,80.1],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[2014.0,193.9,2081.1,231.6],\"lines\":[{\"bbox\":[2014.0,193.9,2081.1,231.6],\"text\":\"2009\"}],\"order\":1,\"text\":\"2009\"},{\"bbox\":[232.1,270.0,629.9,437.9],\"lines\":[{\"bbox\":[233.6,270.0,489.9,319.4],\"text\":\"Leverage Ratio\"},{\"bbox\":[232.9,328.4,629.2,379.5],\"text\":\"Interest Coverage Ratio\"},{\"bbox\":[232.1,386.7,518.5,436.5],\"text\":\"Long-term AUM\"}],\"order\":2,\"text\":\"Leverage Ratio\\nInterest Coverage Ratio\\nLong-term AUM\"},{\"bbox\":[1785.7,241.0,1828.7,278.4],\"lines\":[{\"bbox\":[1785.7,241.0,1828.7,278.4],\"text\":\"Q1\"}],\"order\":3,\"text\":\"Q1\"},{\"bbox\":[1948.2,243.0,1991.2,280.5],\"lines\":[{\"bbox\":[1948.2,243.0,1991.2,280.5],\"text\":\"Q2\"}],\"order\":4,\"text\":\"Q2\"},{\"bbox\":[2106.5,245.0,2149.5,282.5],\"lines\":[{\"bbox\":[2106.5,245.0,2149.5,282.5],\"text\":\"Q3\"}],\"order\":5,\"text\":\"Q3\"},{\"bbox\":[2266.9,247.1,2310.0,284.5],\"lines\":[{\"bbox\":[2266.9,247.1,2310.0,284.5],\"text\":\"Q4\"}],\"order\":6,\"text\":\"Q4\"},{\"bbox\":[1765.7,289.6,1863.1,453.6],\"lines\":[{\"bbox\":[1788.1,289.9,1861.6,336.9],\"text\":\"1.48\"},{\"bbox\":[1766.5,347.9,1860.8,395.2],\"text\":\"11.31\"},{\"bbox\":[1768.4,406.3,1861.6,453.6],\"text\":\"N/A*\"}],\"order\":7,\"text\":\"1.48\\n11.31\\nN/A*\"},{\"bbox\":[1924.1,291.6,2019.9,455.6],\"lines\":[{\"bbox\":[1946.4,291.9,2019.9,338.9],\"text\":\"1.63\"},{\"bbox\":[1945.6,350.2,2019.1,397.3],\"text\":\"9.64\"},{\"bbox\":[1924.1,408.3,2018.4,455.6],\"text\":\"299.0\"}],\"order\":8,\"text\":\"1.63\\n9.64\\n299.0\"},{\"bbox\":[2082.4,293.6,2178.2,457.6],\"lines\":[{\"bbox\":[2104.7,293.9,2178.2,341.0],\"text\":\"1.77\"},{\"bbox\":[2104.0,352.2,2177.5,399.3],\"text\":\"9.12\"},{\"bbox\":[2082.4,410.3,2176.7,457.6],\"text\":\"329.7\"}],\"order\":9,\"text\":\"1.77\\n9.12\\n329.7\"},{\"bbox\":[2244.9,295.7,2340.7,459.7],\"lines\":[{\"bbox\":[2267.2,296.0,2340.7,343.0],\"text\":\"1.11\"},{\"bbox\":[2245.6,354.0,2339.9,401.4],\"text\":\"11.01\"},{\"bbox\":[2244.9,412.4,2339.2,459.7],\"text\":\"343.6\"}],\"order\":10,\"text\":\"1.11\\n11.01\\n343.6\"},{\"bbox\":[222.3,503.5,472.9,552.8],\"lines\":[{\"bbox\":[222.3,503.5,472.9,552.8],\"text\":\"____________\"}],\"order\":11,\"text\":\"____________\"},{\"bbox\":[221.0,603.5,242.4,649.9],\"lines\":[{\"bbox\":[221.0,603.5,242.4,649.9],\"text\":\"*\"}],\"order\":12,\"text\":\"*\"},{\"bbox\":[294.7,604.5,2354.9,776.8],\"lines\":[{\"bbox\":[296.0,604.5,2354.9,676.9],\"text\":\"Long-term AUM became a debt covenant measure as part a prior credit facility agreement and was discontinued as a financial\"},{\"bbox\":[295.4,654.5,2354.2,726.9],\"text\":\"covenant measure in a later agreement. Long-term AUM was not required to be restated as part of the agreement and therefore\"},{\"bbox\":[294.7,704.5,1431.5,765.1],\"text\":\"amounts have not been adjusted from what was previously reported.\"}],\"order\":13,\"text\":\"Long-term AUM became a debt covenant measure as part a prior credit facility agreement and was discontinued as a financial\\ncovenant measure in a later agreement. Long-term AUM was not required to be restated as part of the agreement and therefore\\namounts have not been adjusted from what was previously reported.\"},{\"bbox\":[260.1,804.0,1382.5,864.5],\"lines\":[{\"bbox\":[260.1,804.0,1382.5,864.5],\"text\":\"The December 31, 2011, coverage ratio calculations are as follows:\"}],\"order\":14,\"text\":\"The December 31, 2011, coverage ratio calculations are as follows:\"},{\"bbox\":[225.1,945.5,363.6,984.1],\"lines\":[{\"bbox\":[225.1,945.5,363.6,984.1],\"text\":\"$ millions\"}],\"order\":15,\"text\":\"$ millions\"},{\"bbox\":[1505.2,961.8,1581.6,999.7],\"lines\":[{\"bbox\":[1505.2,961.8,1581.6,999.7],\"text\":\"Total\"}],\"order\":16,\"text\":\"Total\"},{\"bbox\":[216.9,995.0,1354.3,1642.9],\"lines\":[{\"bbox\":[224.3,995.0,1038.4,1051.5],\"text\":\"Net income attributable to common shareholders\"},{\"bbox\":[223.6,1053.3,1242.6,1112.4],\"text\":\"Net income attributable to Consolidated Investment Products\"},{\"bbox\":[222.9,1111.6,432.8,1160.4],\"text\":\"Tax expense\"},{\"bbox\":[222.1,1170.0,662.4,1221.7],\"text\":\"Amortization/depreciation\"},{\"bbox\":[221.4,1228.3,491.5,1277.8],\"text\":\"Interest expense\"},{\"bbox\":[220.6,1286.6,811.3,1340.3],\"text\":\"Share-based compensation expense\"},{\"bbox\":[219.9,1344.9,1075.6,1402.0],\"text\":\"Unrealized gains and losses from investments, net*\"},{\"bbox\":[219.1,1403.3,414.1,1451.9],\"text\":\"EBITDA**\"},{\"bbox\":[218.3,1465.3,493.2,1515.0],\"text\":\"Adjusted debt**\"},{\"bbox\":[217.6,1524.1,1114.9,1581.7],\"text\":\"Leverage ratio (Debt/EBITDA - maximum 3.25:1.00)\"},{\"bbox\":[216.9,1582.4,1346.8,1642.9],\"text\":\"Interest coverage (EBITDA/Interest Expense - minimum 4.00:1.00)\"}],\"order\":17,\"text\":\"Net income attributable to common shareholders\\nNet income attributable to Consolidated Investment Products\\nTax expense\\nAmortization/depreciation\\nInterest expense\\nShare-based compensation expense\\nUnrealized gains and losses from investments, net*\\nEBITDA**\\nAdjusted debt**\\nLeverage ratio (Debt/EBITDA - maximum 3.25:1.00)\\nInterest coverage (EBITDA/Interest Expense - minimum 4.00:1.00)\"},{\"bbox\":[1473.4,1011.0,1641.4,1646.6],\"lines\":[{\"bbox\":[1533.2,1011.7,1627.5,1059.0],\"text\":\"729.7\"},{\"bbox\":[1539.3,1069.9,1640.7,1117.3],\"text\":\"(20.2)\"},{\"bbox\":[1531.7,1128.3,1626.0,1175.6],\"text\":\"286.1\"},{\"bbox\":[1531.0,1186.7,1625.3,1234.0],\"text\":\"117.4\"},{\"bbox\":[1551.1,1245.2,1624.6,1292.3],\"text\":\"61.8\"},{\"bbox\":[1529.5,1303.3,1623.8,1350.6],\"text\":\"115.1\"},{\"bbox\":[1570.4,1362.2,1623.1,1409.0],\"text\":\"3.6\"},{\"bbox\":[1496.5,1419.6,1622.1,1467.3],\"text\":\"1,293.5\"},{\"bbox\":[1474.9,1481.4,1621.3,1529.4],\"text\":\"$1,304.7\"},{\"bbox\":[1547.3,1541.1,1620.8,1588.1],\"text\":\"1.01\"},{\"bbox\":[1525.7,1599.1,1620.0,1646.4],\"text\":\"20.93\"}],\"order\":18,\"text\":\"729.7\\n(20.2)\\n286.1\\n117.4\\n61.8\\n115.1\\n3.6\\n1,293.5\\n$1,304.7\\n1.01\\n20.93\"},{\"bbox\":[1718.8,910.4,1761.9,947.8],\"lines\":[{\"bbox\":[1718.8,910.4,1761.9,947.8],\"text\":\"Q4\"}],\"order\":19,\"text\":\"Q4\"},{\"bbox\":[1895.9,912.6,1938.9,950.1],\"lines\":[{\"bbox\":[1895.9,912.6,1938.9,950.1],\"text\":\"Q3\"}],\"order\":20,\"text\":\"Q3\"},{\"bbox\":[2070.8,914.9,2113.9,952.3],\"lines\":[{\"bbox\":[2070.8,914.9,2113.9,952.3],\"text\":\"Q2\"}],\"order\":21,\"text\":\"Q2\"},{\"bbox\":[2245.8,917.1,2288.9,954.5],\"lines\":[{\"bbox\":[2245.8,917.1,2288.9,954.5],\"text\":\"Q1\"}],\"order\":22,\"text\":\"Q1\"},{\"bbox\":[1706.2,964.4,1773.4,1002.1],\"lines\":[{\"bbox\":[1706.2,964.4,1773.4,1002.1],\"text\":\"2011\"}],\"order\":23,\"text\":\"2011\"},{\"bbox\":[1883.3,966.6,1950.4,1004.4],\"lines\":[{\"bbox\":[1883.3,966.6,1950.4,1004.4],\"text\":\"2011\"}],\"order\":24,\"text\":\"2011\"},{\"bbox\":[2058.3,968.9,2125.4,1006.6],\"lines\":[{\"bbox\":[2058.3,968.9,2125.4,1006.6],\"text\":\"2011\"}],\"order\":25,\"text\":\"2011\"},{\"bbox\":[2233.3,971.1,2300.4,1008.8],\"lines\":[{\"bbox\":[2233.3,971.1,2300.4,1008.8],\"text\":\"2011\"}],\"order\":26,\"text\":\"2011\"},{\"bbox\":[1706.9,1013.9,1820.6,1469.7],\"lines\":[{\"bbox\":[1712.1,1013.9,1806.5,1061.3],\"text\":\"202.3\"},{\"bbox\":[1739.3,1072.4,1819.8,1119.6],\"text\":\"(1.9)\"},{\"bbox\":[1731.7,1130.9,1805.2,1177.9],\"text\":\"76.0\"},{\"bbox\":[1731.0,1189.2,1804.5,1236.3],\"text\":\"22.1\"},{\"bbox\":[1730.2,1247.5,1803.7,1294.6],\"text\":\"14.3\"},{\"bbox\":[1729.5,1305.9,1803.0,1352.9],\"text\":\"29.1\"},{\"bbox\":[1735.6,1364.1,1816.1,1411.2],\"text\":\"(3.8)\"},{\"bbox\":[1706.9,1422.2,1801.3,1469.6],\"text\":\"338.1\"}],\"order\":27,\"text\":\"202.3\\n(1.9)\\n76.0\\n22.1\\n14.3\\n29.1\\n(3.8)\\n338.1\"},{\"bbox\":[1881.9,1016.2,1995.5,1472.0],\"lines\":[{\"bbox\":[1887.1,1016.2,1981.5,1063.5],\"text\":\"166.9\"},{\"bbox\":[1914.3,1074.7,1994.8,1121.8],\"text\":\"(3.5)\"},{\"bbox\":[1906.5,1133.1,1980.0,1180.2],\"text\":\"59.1\"},{\"bbox\":[1905.7,1191.4,1979.2,1238.5],\"text\":\"35.3\"},{\"bbox\":[1905.0,1249.8,1978.5,1296.8],\"text\":\"15.3\"},{\"bbox\":[1904.2,1308.1,1977.7,1355.1],\"text\":\"29.2\"},{\"bbox\":[1903.5,1366.4,1977.0,1413.5],\"text\":\"11.4\"},{\"bbox\":[1881.9,1424.5,1976.3,1471.8],\"text\":\"313.7\"}],\"order\":28,\"text\":\"166.9\\n(3.5)\\n59.1\\n35.3\\n15.3\\n29.2\\n11.4\\n313.7\"},{\"bbox\":[2056.9,1018.4,2170.5,1474.2],\"lines\":[{\"bbox\":[2062.1,1018.4,2156.4,1065.7],\"text\":\"183.0\"},{\"bbox\":[2089.3,1076.9,2169.8,1124.0],\"text\":\"(5.2)\"},{\"bbox\":[2081.5,1135.3,2155.0,1182.4],\"text\":\"75.4\"},{\"bbox\":[2080.7,1193.7,2154.2,1240.7],\"text\":\"32.1\"},{\"bbox\":[2080.0,1252.0,2153.5,1299.0],\"text\":\"16.0\"},{\"bbox\":[2079.2,1310.3,2152.7,1357.4],\"text\":\"30.5\"},{\"bbox\":[2085.6,1368.5,2166.1,1415.7],\"text\":\"(1.9)\"},{\"bbox\":[2056.9,1426.7,2151.2,1474.0],\"text\":\"329.9\"}],\"order\":29,\"text\":\"183.0\\n(5.2)\\n75.4\\n32.1\\n16.0\\n30.5\\n(1.9)\\n329.9\"},{\"bbox\":[2231.9,1020.6,2345.5,1476.4],\"lines\":[{\"bbox\":[2237.1,1020.6,2331.4,1068.0],\"text\":\"177.5\"},{\"bbox\":[2264.3,1079.1,2344.8,1126.3],\"text\":\"(9.6)\"},{\"bbox\":[2256.4,1137.6,2329.9,1184.6],\"text\":\"75.6\"},{\"bbox\":[2255.7,1195.9,2329.2,1243.0],\"text\":\"27.9\"},{\"bbox\":[2255.0,1254.2,2328.5,1301.3],\"text\":\"16.2\"},{\"bbox\":[2254.2,1312.6,2327.7,1359.6],\"text\":\"26.3\"},{\"bbox\":[2260.6,1370.8,2341.1,1417.9],\"text\":\"(2.1)\"},{\"bbox\":[2231.9,1428.9,2326.2,1476.3],\"text\":\"311.8\"}],\"order\":30,\"text\":\"177.5\\n(9.6)\\n75.6\\n27.9\\n16.2\\n26.3\\n(2.1)\\n311.8\"},{\"bbox\":[207.0,1699.3,457.6,1748.6],\"lines\":[{\"bbox\":[207.0,1699.3,457.6,1748.6],\"text\":\"____________\"}],\"order\":31,\"text\":\"____________\"},{\"bbox\":[205.8,1799.3,227.2,1845.6],\"lines\":[{\"bbox\":[205.8,1799.3,227.2,1845.6],\"text\":\"*\"}],\"order\":32,\"text\":\"*\"},{\"bbox\":[280.1,1800.2,2339.5,1922.6],\"lines\":[{\"bbox\":[280.7,1800.2,2339.5,1872.6],\"text\":\"Adjustments for unrealized gains and losses from investments, as defined in our credit facility, include non-cash gains and\"},{\"bbox\":[280.1,1850.2,2098.3,1919.5],\"text\":\"losses on investments to the extent that they do not represent anticipated future cash receipts or expenditures.\"}],\"order\":33,\"text\":\"Adjustments for unrealized gains and losses from investments, as defined in our credit facility, include non-cash gains and\\nlosses on investments to the extent that they do not represent anticipated future cash receipts or expenditures.\"},{\"bbox\":[201.3,1949.2,2337.6,2222.6],\"lines\":[{\"bbox\":[203.8,1949.2,2337.6,2022.6],\"text\":\"** EBITDA and Adjusted debt are non-GAAP financial measures; however management does not use these measures for anything\"},{\"bbox\":[278.2,2000.2,2337.0,2072.6],\"text\":\"other than these debt covenant calculations. The calculation of EBITDA above (a reconciliation from net income attributable\"},{\"bbox\":[277.6,2050.2,2336.4,2122.6],\"text\":\"to common shareholders) is defined by our credit agreement, and therefore net income attributable to common shareholders\"},{\"bbox\":[276.9,2100.2,2335.7,2172.6],\"text\":\"is the most appropriate GAAP measure from which to reconcile to EBITDA. The calculation of adjusted debt is defined in\"},{\"bbox\":[276.3,2150.2,1882.9,2216.8],\"text\":\"our credit facility and equals total debt of $1,284.7 million plus $20.0 million in letters of credit.\"}],\"order\":34,\"text\":\"** EBITDA and Adjusted debt are non-GAAP financial measures; however management does not use these measures for anything\\nother than these debt covenant calculations. The calculation of EBITDA above (a reconciliation from net income attributable\\nto common shareholders) is defined by our credit agreement, and therefore net income attributable to common shareholders\\nis the most appropriate GAAP measure from which to reconcile to EBITDA. The calculation of adjusted debt is defined in\\nour credit facility and equals total debt of $1,284.7 million plus $20.0 million in letters of credit.\"},{\"bbox\":[197.5,2249.2,2333.8,2522.5],\"lines\":[{\"bbox\":[241.7,2249.7,2333.8,2322.6],\"text\":\"We have received credit ratings of A3/Stable and A-/Stable from Moody's and Standard and Poor's credit rating agencies,\"},{\"bbox\":[199.4,2299.2,2333.2,2372.6],\"text\":\"respectively, as of the date of this Annual Report on Form 10-K. Disclosure of these ratings is not a recommendation to buy, sell\"},{\"bbox\":[198.7,2349.2,2332.6,2422.5],\"text\":\"or hold our debt. These credit ratings may be subject to revision or withdrawal at anytime by Moody's or Standard & Poor's. Each\"},{\"bbox\":[198.1,2399.2,2331.9,2472.5],\"text\":\"rating should be evaluated independently. See also Part I, Item 1A - \\\"Risk Factors,\\\" for more detailed discussion on reliance on\"},{\"bbox\":[197.5,2449.2,427.1,2498.2],\"text\":\"credit ratings.\"}],\"order\":35,\"text\":\"We have received credit ratings of A3/Stable and A-/Stable from Moody's and Standard and Poor's credit rating agencies,\\nrespectively, as of the date of this Annual Report on Form 10-K. Disclosure of these ratings is not a recommendation to buy, sell\\nor hold our debt. These credit ratings may be subject to revision or withdrawal at anytime by Moody's or Standard & Poor's. Each\\nrating should be evaluated independently. See also Part I, Item 1A - \\\"Risk Factors,\\\" for more detailed discussion on reliance on\\ncredit ratings.\"},{\"bbox\":[194.9,2549.2,2330.0,2722.5],\"lines\":[{\"bbox\":[237.8,2549.7,2330.0,2622.5],\"text\":\"The discussion that follows identifies risks associated with the company's liquidity and capital resources. The Executive Overview\"},{\"bbox\":[195.5,2599.2,2329.3,2672.5],\"text\":\"of this Management's Discussion and Analysis of Financial Condition and Results of Operations contains a broader discussion of\"},{\"bbox\":[194.9,2649.2,1071.9,2706.5],\"text\":\"the company's overall approach to risk management.\"}],\"order\":36,\"text\":\"The discussion that follows identifies risks associated with the company's liquidity and capital resources. The Executive Overview\\nof this Management's Discussion and Analysis of Financial Condition and Results of Operations contains a broader discussion of\\nthe company's overall approach to risk management.\"},{\"bbox\":[231.1,2749.7,665.8,2801.3],\"lines\":[{\"bbox\":[231.1,2749.7,665.8,2801.3],\"text\":\"Credit and Liquidity Risk\"}],\"order\":37,\"text\":\"Credit and Liquidity Risk\"},{\"bbox\":[189.8,2849.2,2326.2,3122.5],\"lines\":[{\"bbox\":[234.0,2849.7,2326.1,2922.5],\"text\":\"Capital management involves the management of the company's liquidity and cash flows. The company manages its capital by\"},{\"bbox\":[191.7,2899.2,2325.6,2972.5],\"text\":\"reviewing annual and projected cash flow forecasts and by monitoring credit, liquidity and market risks, such as interest rate and\"},{\"bbox\":[191.1,2949.2,2324.8,3022.5],\"text\":\"foreign currency risks (as discussed in Item 7A, “Quantitative and Qualitative Disclosures About Market Risk”), through\"},{\"bbox\":[190.4,2999.2,2324.2,3072.5],\"text\":\"measurement and analysis. The company is primarily exposed to credit risk through its cash and cash equivalent deposits, which\"},{\"bbox\":[189.8,3049.2,2323.6,3122.5],\"text\":\"are held by external firms. The company invests its cash balances in its own institutional money market products, as well as with\"}],\"order\":38,\"text\":\"Capital management involves the management of the company's liquidity and cash flows. The company manages its capital by\\nreviewing annual and projected cash flow forecasts and by monitoring credit, liquidity and market risks, such as interest rate and\\nforeign currency risks (as discussed in Item 7A, “Quantitative and Qualitative Disclosures About Market Risk”), through\\nmeasurement and analysis. The company is primarily exposed to credit risk through its cash and cash equivalent deposits, which\\nare held by external firms. The company invests its cash balances in its own institutional money market products, as well as with\"},{\"bbox\":[1234.7,3130.8,1276.9,3177.5],\"lines\":[{\"bbox\":[1234.7,3130.8,1276.9,3177.5],\"text\":\"70\"}],\"order\":39,\"text\":\"70\"}],\"doc\":\"fintabnet:IVZ_2011\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Table of Contents\\n\\n2009\\n\\nLeverage Ratio\\nInterest Coverage Ratio\\nLong-term AUM\\n\\nQ1\\n\\nQ2\\n\\nQ3\\n\\nQ4\\n\\n1.48\\n11.31\\nN/A*\\n\\n1.63\\n9.64\\n299.0\\n\\n1.77\\n9.12\\n329.7\\n\\n1.11\\n11.01\\n343.6\\n\\n____________\\n\\n*\\n\\nLong-term AUM became a debt covenant measure as part a prior credit facility agreement and was discontinued as a financial\\ncovenant measure in a later agreement. Long-term AUM was not required to be restated as part of the agreement and therefore\\namounts have not been adjusted from what was previously reported.\\n\\nThe December 31, 2011, coverage ratio calculations are as follows:\\n\\n$ millions\\n\\nTotal\\n\\nNet income attributable to common shareholders\\nNet income attributable to Consolidated Investment Products\\nTax expense\\nAmortization/depreciation\\nInterest expense\\nShare-based compensation expense\\nUnrealized gains and losses from investments, net*\\nEBITDA**\\nAdjusted debt**\\nLeverage ratio (Debt/EBITDA - maximum 3.25:1.00)\\nInterest coverage (EBITDA/Interest Expense - minimum 4.00:1.00)\\n\\n729.7\\n(20.2)\\n286.1\\n117.4\\n61.8\\n115.1\\n3.6\\n1,293.5\\n$1,304.7\\n1.01\\n20.93\\n\\nQ4\\n\\nQ3\\n\\nQ2\\n\\nQ1\\n\\n2011\\n\\n2011\\n\\n2011\\n\\n2011\\n\\n202.3\\n(1.9)\\n76.0\\n22.1\\n14.3\\n29.1\\n(3.8)\\n338.1\\n\\n166.9\\n(3.5)\\n59.1\\n35.3\\n15.3\\n29.2\\n11.4\\n313.7\\n\\n183.0\\n(5.2)\\n75.4\\n32.1\\n16.0\\n30.5\\n(1.9)\\n329.9\\n\\n177.5\\n(9.6)\\n75.6\\n27.9\\n16.2\\n26.3\\n(2.1)\\n311.8\\n\\n____________\\n\\n*\\n\\nAdjustments for unrealized gains and losses from investments, as defined in our credit facility, include non-cash gains and\\nlosses on investments to the extent that they do not represent anticipated future cash receipts or expenditures.\\n\\n** EBITDA and Adjusted debt are non-GAAP financial measures; however management does not use these measures for anything\\nother than these debt covenant calculations. The calculation of EBITDA above (a reconciliation from net income attributable\\nto common shareholders) is defined by our credit agreement, and therefore net income attributable to common shareholders\\nis the most appropriate GAAP measure from which to reconcile to EBITDA. The calculation of adjusted debt is defined in\\nour credit facility and equals total debt of $1,284.7 million plus $20.0 million in letters of credit.\\n\\nWe have received credit ratings of A3/Stable and A-/Stable from Moody's and Standard and Poor's credit rating agencies,\\nrespectively, as of the date of this Annual Report on Form 10-K. Disclosure of these ratings is not a recommendation to buy, sell\\nor hold our debt. These credit ratings may be subject to revision or withdrawal at anytime by Moody's or Standard & Poor's. Each\\nrating should be evaluated independently. See also Part I, Item 1A - \\\"Risk Factors,\\\" for more detailed discussion on reliance on\\ncredit ratings.\\n\\nThe discussion that follows identifies risks associated with the company's liquidity and capital resources. The Executive Overview\\nof this Management's Discussion and Analysis of Financial Condition and Results of Operations contains a broader discussion of\\nthe company's overall approach to risk management.\\n\\nCredit and Liquidity Risk\\n\\nCapital management involves the management of the company's liquidity and cash flows. The company manages its capital by\\nreviewing annual and projected cash flow forecasts and by monitoring credit, liquidity and market risks, such as interest rate and\\nforeign currency risks (as discussed in Item 7A, “Quantitative and Qualitative Disclosures About Market Risk”), through\\nmeasurement and analysis. The company is primarily exposed to credit risk through its cash and cash equivalent deposits, which\\nare held by external firms. The company invests its cash balances in its own institutional money market products, as well as with\\n\\n70\",\"name\":\"fintabnet.IVZ_2011_page_70__300dpi_mild\",\"page_id\":\"fintabnet.IVZ_2011_page_70\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.731,\"source\":\"fintabnet\",\"source_id\":\"IVZ_2011_page_70\",\"stack\":[{\"deg\":-0.731,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.423},{\"op\":\"noise\",\"sigma\":3.482},{\"gain\":0.905,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":90}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[232.1,171.2,2341.9,459.7],\"block_orders\":[1,2,3,4,5,6,7,8,9,10],\"cells\":null},{\"bbox\":[216.9,891.3,2346.8,1655.6],\"block_orders\":[15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30],\"cells\":null}],\"text\":\"Table of Contents\\n\\n2009\\n\\nLeverage Ratio\\nInterest Coverage Ratio\\nLong-term AUM\\n\\nQ1\\n\\nQ2\\n\\nQ3\\n\\nQ4\\n\\n1.48\\n11.31\\nN/A*\\n\\n1.63\\n9.64\\n299.0\\n\\n1.77\\n9.12\\n329.7\\n\\n1.11\\n11.01\\n343.6\\n\\n____________\\n\\n*\\n\\nLong-term AUM became a debt covenant measure as part a prior credit facility agreement and was discontinued as a financial\\ncovenant measure in a later agreement. Long-term AUM was not required to be restated as part of the agreement and therefore\\namounts have not been adjusted from what was previously reported.\\n\\nThe December 31, 2011, coverage ratio calculations are as follows:\\n\\n$ millions\\n\\nTotal\\n\\nNet income attributable to common shareholders\\nNet income attributable to Consolidated Investment Products\\nTax expense\\nAmortization/depreciation\\nInterest expense\\nShare-based compensation expense\\nUnrealized gains and losses from investments, net*\\nEBITDA**\\nAdjusted debt**\\nLeverage ratio (Debt/EBITDA - maximum 3.25:1.00)\\nInterest coverage (EBITDA/Interest Expense - minimum 4.00:1.00)\\n\\n729.7\\n(20.2)\\n286.1\\n117.4\\n61.8\\n115.1\\n3.6\\n1,293.5\\n$1,304.7\\n1.01\\n20.93\\n\\nQ4\\n\\nQ3\\n\\nQ2\\n\\nQ1\\n\\n2011\\n\\n2011\\n\\n2011\\n\\n2011\\n\\n202.3\\n(1.9)\\n76.0\\n22.1\\n14.3\\n29.1\\n(3.8)\\n338.1\\n\\n166.9\\n(3.5)\\n59.1\\n35.3\\n15.3\\n29.2\\n11.4\\n313.7\\n\\n183.0\\n(5.2)\\n75.4\\n32.1\\n16.0\\n30.5\\n(1.9)\\n329.9\\n\\n177.5\\n(9.6)\\n75.6\\n27.9\\n16.2\\n26.3\\n(2.1)\\n311.8\\n\\n____________\\n\\n*\\n\\nAdjustments for unrealized gains and losses from investments, as defined in our credit facility, include non-cash gains and\\nlosses on investments to the extent that they do not represent anticipated future cash receipts or expenditures.\\n\\n** EBITDA and Adjusted debt are non-GAAP financial measures; however management does not use these measures for anything\\nother than these debt covenant calculations. The calculation of EBITDA above (a reconciliation from net income attributable\\nto common shareholders) is defined by our credit agreement, and therefore net income attributable to common shareholders\\nis the most appropriate GAAP measure from which to reconcile to EBITDA. The calculation of adjusted debt is defined in\\nour credit facility and equals total debt of $1,284.7 million plus $20.0 million in letters of credit.\\n\\nWe have received credit ratings of A3/Stable and A-/Stable from Moody's and Standard and Poor's credit rating agencies,\\nrespectively, as of the date of this Annual Report on Form 10-K. Disclosure of these ratings is not a recommendation to buy, sell\\nor hold our debt. These credit ratings may be subject to revision or withdrawal at anytime by Moody's or Standard & Poor's. Each\\nrating should be evaluated independently. See also Part I, Item 1A - \\\"Risk Factors,\\\" for more detailed discussion on reliance on\\ncredit ratings.\\n\\nThe discussion that follows identifies risks associated with the company's liquidity and capital resources. The Executive Overview\\nof this Management's Discussion and Analysis of Financial Condition and Results of Operations contains a broader discussion of\\nthe company's overall approach to risk management.\\n\\nCredit and Liquidity Risk\\n\\nCapital management involves the management of the company's liquidity and cash flows. The company manages its capital by\\nreviewing annual and projected cash flow forecasts and by monitoring credit, liquidity and market risks, such as interest rate and\\nforeign currency risks (as discussed in Item 7A, “Quantitative and Qualitative Disclosures About Market Risk”), through\\nmeasurement and analysis. The company is primarily exposed to credit risk through its cash and cash equivalent deposits, which\\nare held by external firms. The company invests its cash balances in its own institutional money market products, as well as with\\n\\n70\"},\"name\":\"fintabnet.IVZ_2011_page_70__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":1436597,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:IVZ_2011\",\"dpi\":300,\"gt_sha256\":\"937c9add4bacf1a69477933b8ef97b45afe316fb8c50abe997adb4944ebdb54a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.IVZ_2011_page_70__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.IVZ_2011_page_70\",\"pdf_sha256\":\"fd506c14a978098cb737f5baa0668526e9491a0ba6d6691b191f0f32fb53430f\",\"px\":[2550,3300],\"scan\":{\"render\":\"0000301e00003fe820647f7e7e7e7f7e00003ffc3ffc7ffe7fe030007ffe0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"IVZ_2011_page_70\",\"src\":{\"file_sha256\":\"59cfb343a8856e2321e554b0271d3dbb2e216f44e67352caaad17854a935d022\",\"render\":\"0000201e00003fa8007e7f7e7e7e7ffe00003ffc3ffc7ffe7ee030007ffe0000\",\"text\":\"5d2a892cf41c17080667fd870b052a7887b79cb20ca49d7a4e175af21974fc37\"},\"stack\":[{\"deg\":-0.731,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.423},{\"op\":\"noise\",\"sigma\":3.482},{\"gain\":0.905,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":90}],\"tools\":\"21647cade0ee\"},\"sha256\":\"fd506c14a978098cb737f5baa0668526e9491a0ba6d6691b191f0f32fb53430f\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/fd506c14a978098cb737f5baa0668526e9491a0ba6d6691b191f0f32fb53430f.pdf","asset_sha256":"fd506c14a978098cb737f5baa0668526e9491a0ba6d6691b191f0f32fb53430f","document_id":"fintabnet:IVZ_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IVZ_2011_page_70\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IVZ_2014_page_115\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:IVZ_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[496.7,14.0,566.4,24.7],\"lines\":[{\"bbox\":[496.7,14.0,566.4,24.7],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[8.9,47.7,585.2,83.7],\"lines\":[{\"bbox\":[18.4,47.7,584.9,71.8],\"text\":\"The following table shows a reconciliation of the beginning and ending fair value measurements for level 3 assets and liabilities during the year\"},{\"bbox\":[9.2,63.6,429.6,83.7],\"text\":\"ended December 31, 2014 and December 31, 2013 , which are valued using significant unobservable inputs:\"}],\"order\":1,\"text\":\"The following table shows a reconciliation of the beginning and ending fair value measurements for level 3 assets and liabilities during the year\\nended December 31, 2014 and December 31, 2013 , which are valued using significant unobservable inputs:\"},{\"bbox\":[265.8,87.4,393.3,97.8],\"lines\":[{\"bbox\":[265.8,87.4,393.3,97.8],\"text\":\"For the year ended December 31, 2014\"}],\"order\":2,\"text\":\"For the year ended December 31, 2014\"},{\"bbox\":[363.9,107.7,407.7,115.9],\"lines\":[{\"bbox\":[363.9,107.7,407.7,115.9],\"text\":\"Note Payable\"}],\"order\":3,\"text\":\"Note Payable\"},{\"bbox\":[277.6,123.5,297.6,173.6],\"lines\":[{\"bbox\":[280.9,123.6,293.3,132.6],\"text\":\"4.0\"},{\"bbox\":[278.0,137.0,296.8,146.3],\"text\":\"(0.3 )\"},{\"bbox\":[284.0,150.8,293.9,159.8],\"text\":\"—\"},{\"bbox\":[284.4,164.5,294.3,173.5],\"text\":\"—\"}],\"order\":4,\"text\":\"4.0\\n(0.3 )\\n—\\n—\"},{\"bbox\":[337.3,122.0,350.8,172.0],\"lines\":[{\"bbox\":[337.3,122.0,349.7,131.1],\"text\":\"6.3\"},{\"bbox\":[340.0,135.6,350.0,144.6],\"text\":\"—\"},{\"bbox\":[340.4,149.3,350.3,158.3],\"text\":\"—\"},{\"bbox\":[340.8,163.0,350.7,172.0],\"text\":\"—\"}],\"order\":5,\"text\":\"6.3\\n—\\n—\\n—\"},{\"bbox\":[390.5,120.4,410.4,170.6],\"lines\":[{\"bbox\":[390.5,120.4,409.3,129.7],\"text\":\"(0.3 )\"},{\"bbox\":[396.5,134.1,406.5,143.1],\"text\":\"—\"},{\"bbox\":[394.5,147.8,406.9,156.8],\"text\":\"0.3\"},{\"bbox\":[397.3,161.4,407.2,170.4],\"text\":\"—\"}],\"order\":6,\"text\":\"(0.3 )\\n—\\n0.3\\n—\"},{\"bbox\":[285.0,188.8,295.0,197.8],\"lines\":[{\"bbox\":[285.0,188.8,295.0,197.8],\"text\":\"—\"}],\"order\":7,\"text\":\"—\"},{\"bbox\":[341.4,187.3,351.4,196.3],\"lines\":[{\"bbox\":[341.4,187.3,351.4,196.3],\"text\":\"—\"}],\"order\":8,\"text\":\"—\"},{\"bbox\":[280.1,213.1,299.6,250.3],\"lines\":[{\"bbox\":[280.1,213.1,298.9,222.3],\"text\":\"(0.3 )\"},{\"bbox\":[286.1,226.9,296.0,235.9],\"text\":\"—\"},{\"bbox\":[284.1,241.1,296.5,250.2],\"text\":\"3.4\"}],\"order\":9,\"text\":\"(0.3 )\\n—\\n3.4\"},{\"bbox\":[339.7,211.7,352.8,248.7],\"lines\":[{\"bbox\":[342.1,211.7,352.0,220.7],\"text\":\"—\"},{\"bbox\":[342.4,225.3,352.4,234.3],\"text\":\"—\"},{\"bbox\":[340.4,239.6,352.8,248.7],\"text\":\"6.3\"}],\"order\":10,\"text\":\"—\\n—\\n6.3\"},{\"bbox\":[262.9,111.1,282.9,118.7],\"lines\":[{\"bbox\":[262.9,111.1,282.9,118.7],\"text\":\"CLOs\"}],\"order\":11,\"text\":\"CLOs\"},{\"bbox\":[17.5,117.5,58.2,125.7],\"lines\":[{\"bbox\":[17.5,117.5,58.2,125.7],\"text\":\"$ in millions\"}],\"order\":12,\"text\":\"$ in millions\"},{\"bbox\":[17.8,125.1,239.8,243.4],\"lines\":[{\"bbox\":[17.8,129.1,90.5,139.8],\"text\":\"Beginning balance\"},{\"bbox\":[18.2,142.7,87.3,153.3],\"text\":\"Returns of capital\"},{\"bbox\":[18.6,157.0,64.1,167.0],\"text\":\"Settlements\"},{\"bbox\":[18.9,169.4,110.7,180.7],\"text\":\"Deconsolidation of CIP\"},{\"bbox\":[19.3,179.7,232.3,194.2],\"text\":\"Net unrealized gains and losses included in other gains\"},{\"bbox\":[19.6,195.1,64.3,205.0],\"text\":\"and losses*\"},{\"bbox\":[19.9,204.0,239.2,218.7],\"text\":\"Net unrealized gains and losses included in accumulated\"},{\"bbox\":[29.0,216.5,172.7,229.1],\"text\":\"other comprehensive income/(loss) *\"},{\"bbox\":[20.6,231.3,145.2,243.4],\"text\":\"Foreign exchange gains/(losses)\"}],\"order\":13,\"text\":\"Beginning balance\\nReturns of capital\\nSettlements\\nDeconsolidation of CIP\\nNet unrealized gains and losses included in other gains\\nand losses*\\nNet unrealized gains and losses included in accumulated\\nother comprehensive income/(loss) *\\nForeign exchange gains/(losses)\"},{\"bbox\":[21.1,249.2,81.4,259.6],\"lines\":[{\"bbox\":[21.1,249.2,81.4,259.6],\"text\":\"Ending balance\"}],\"order\":14,\"text\":\"Ending balance\"},{\"bbox\":[435.2,82.8,562.7,93.2],\"lines\":[{\"bbox\":[435.2,82.8,562.7,93.2],\"text\":\"For the year ended December 31, 2013\"}],\"order\":15,\"text\":\"For the year ended December 31, 2013\"},{\"bbox\":[310.2,100.8,348.2,117.4],\"lines\":[{\"bbox\":[310.2,100.8,348.0,108.9],\"text\":\"Other Debt\"},{\"bbox\":[313.2,109.4,345.7,117.3],\"text\":\"Securities\"}],\"order\":16,\"text\":\"Other Debt\\nSecurities\"},{\"bbox\":[479.6,96.3,517.6,112.8],\"lines\":[{\"bbox\":[479.6,96.3,517.4,104.3],\"text\":\"Other Debt\"},{\"bbox\":[482.5,104.8,515.0,112.7],\"text\":\"Securities\"}],\"order\":17,\"text\":\"Other Debt\\nSecurities\"},{\"bbox\":[533.3,103.2,577.1,111.4],\"lines\":[{\"bbox\":[533.3,103.2,577.1,111.4],\"text\":\"Note Payable\"}],\"order\":18,\"text\":\"Note Payable\"},{\"bbox\":[447.0,118.9,466.9,169.1],\"lines\":[{\"bbox\":[450.3,119.0,462.7,128.1],\"text\":\"2.4\"},{\"bbox\":[447.4,132.5,466.2,141.7],\"text\":\"(0.2 )\"},{\"bbox\":[453.4,146.2,463.3,155.2],\"text\":\"—\"},{\"bbox\":[451.4,159.9,463.8,169.0],\"text\":\"1.6\"}],\"order\":19,\"text\":\"2.4\\n(0.2 )\\n—\\n1.6\"},{\"bbox\":[506.6,117.5,520.1,167.4],\"lines\":[{\"bbox\":[506.6,117.5,519.0,126.5],\"text\":\"6.3\"},{\"bbox\":[509.4,131.0,519.3,140.0],\"text\":\"—\"},{\"bbox\":[509.8,144.7,519.7,153.7],\"text\":\"—\"},{\"bbox\":[510.1,158.4,520.1,167.4],\"text\":\"—\"}],\"order\":20,\"text\":\"6.3\\n—\\n—\\n—\"},{\"bbox\":[559.9,115.9,579.8,166.0],\"lines\":[{\"bbox\":[559.9,115.9,578.7,125.1],\"text\":\"(3.4 )\"},{\"bbox\":[565.9,129.5,575.8,138.5],\"text\":\"—\"},{\"bbox\":[563.9,143.2,576.3,152.2],\"text\":\"2.5\"},{\"bbox\":[566.6,156.9,576.6,165.9],\"text\":\"—\"}],\"order\":21,\"text\":\"(3.4 )\\n—\\n2.5\\n—\"},{\"bbox\":[397.9,185.8,407.9,194.8],\"lines\":[{\"bbox\":[397.9,185.8,407.9,194.8],\"text\":\"—\"}],\"order\":22,\"text\":\"—\"},{\"bbox\":[454.4,184.3,464.4,193.3],\"lines\":[{\"bbox\":[454.4,184.3,464.4,193.3],\"text\":\"—\"}],\"order\":23,\"text\":\"—\"},{\"bbox\":[510.8,182.7,520.7,191.7],\"lines\":[{\"bbox\":[510.8,182.7,520.7,191.7],\"text\":\"—\"}],\"order\":24,\"text\":\"—\"},{\"bbox\":[564.9,181.2,577.3,190.3],\"lines\":[{\"bbox\":[564.9,181.2,577.3,190.3],\"text\":\"0.2\"}],\"order\":25,\"text\":\"0.2\"},{\"bbox\":[398.6,210.1,409.3,247.1],\"lines\":[{\"bbox\":[398.6,210.1,408.5,219.1],\"text\":\"—\"},{\"bbox\":[398.9,223.8,408.9,232.8],\"text\":\"—\"},{\"bbox\":[399.3,238.1,409.3,247.1],\"text\":\"—\"}],\"order\":26,\"text\":\"—\\n—\\n—\"},{\"bbox\":[452.7,208.6,465.8,245.6],\"lines\":[{\"bbox\":[452.7,208.6,465.1,217.7],\"text\":\"0.2\"},{\"bbox\":[455.4,222.3,465.4,231.3],\"text\":\"—\"},{\"bbox\":[453.4,236.6,465.8,245.6],\"text\":\"4.0\"}],\"order\":27,\"text\":\"0.2\\n—\\n4.0\"},{\"bbox\":[509.1,207.1,522.2,244.1],\"lines\":[{\"bbox\":[511.5,207.1,521.4,216.1],\"text\":\"—\"},{\"bbox\":[511.8,220.8,521.8,229.8],\"text\":\"—\"},{\"bbox\":[509.8,235.0,522.2,244.1],\"text\":\"6.3\"}],\"order\":28,\"text\":\"—\\n—\\n6.3\"},{\"bbox\":[562.3,205.5,581.9,242.7],\"lines\":[{\"bbox\":[568.0,205.6,577.9,214.6],\"text\":\"—\"},{\"bbox\":[565.9,219.2,578.3,228.3],\"text\":\"0.4\"},{\"bbox\":[563.1,233.4,581.9,242.7],\"text\":\"(0.3 )\"}],\"order\":29,\"text\":\"—\\n0.4\\n(0.3 )\"},{\"bbox\":[432.3,106.5,452.3,114.1],\"lines\":[{\"bbox\":[432.3,106.5,452.3,114.1],\"text\":\"CLOs\"}],\"order\":30,\"text\":\"CLOs\"},{\"bbox\":[14.6,273.7,73.1,284.0],\"lines\":[{\"bbox\":[14.6,273.7,73.1,284.0],\"text\":\"____________\"}],\"order\":31,\"text\":\"____________\"},{\"bbox\":[15.4,305.0,20.5,313.9],\"lines\":[{\"bbox\":[15.4,305.0,20.5,313.9],\"text\":\"*\"}],\"order\":32,\"text\":\"*\"},{\"bbox\":[33.0,294.4,413.8,313.4],\"lines\":[{\"bbox\":[33.0,294.4,413.8,313.4],\"text\":\"These unrealized gains and losses are attributable to balances still held at the respective year ends.\"}],\"order\":33,\"text\":\"These unrealized gains and losses are attributable to balances still held at the respective year ends.\"},{\"bbox\":[16.2,331.8,104.0,342.9],\"lines\":[{\"bbox\":[16.2,331.8,104.0,342.9],\"text\":\"3 . INVESTMENTS\"}],\"order\":34,\"text\":\"3 . INVESTMENTS\"},{\"bbox\":[16.9,341.9,593.1,377.8],\"lines\":[{\"bbox\":[25.6,341.9,592.8,365.9],\"text\":\"The disclosures below include details of the company's investments. Investments held by CSIP are detailed in Note 19 , \\\"Consolidated Sponsored\"},{\"bbox\":[17.2,357.6,442.6,377.8],\"text\":\"Investment Products.\\\" Investments held by CIP are detailed in Note 20 , \\\"Consolidated Investment Products.\\\"\"}],\"order\":35,\"text\":\"The disclosures below include details of the company's investments. Investments held by CSIP are detailed in Note 19 , \\\"Consolidated Sponsored\\nInvestment Products.\\\" Investments held by CIP are detailed in Note 20 , \\\"Consolidated Investment Products.\\\"\"},{\"bbox\":[424.4,390.7,487.2,399.4],\"lines\":[{\"bbox\":[424.4,390.7,487.2,399.4],\"text\":\"December 31, 2014\"}],\"order\":36,\"text\":\"December 31, 2014\"},{\"bbox\":[19.5,402.6,60.3,410.7],\"lines\":[{\"bbox\":[19.5,402.6,60.3,410.7],\"text\":\"$ in millions\"}],\"order\":37,\"text\":\"$ in millions\"},{\"bbox\":[19.9,410.3,236.8,575.1],\"lines\":[{\"bbox\":[19.9,412.8,142.0,424.8],\"text\":\"Available-for-sale investments:\"},{\"bbox\":[33.3,428.0,81.2,438.0],\"text\":\"Seed money\"},{\"bbox\":[33.7,442.3,57.1,451.7],\"text\":\"CLOs\"},{\"bbox\":[34.1,454.4,114.6,465.4],\"text\":\"Other debt securities\"},{\"bbox\":[21.3,468.3,103.7,479.3],\"text\":\"Trading investments:\"},{\"bbox\":[34.8,478.4,234.6,492.6],\"text\":\"Investments related to deferred compensation plans\"},{\"bbox\":[35.2,496.2,84.2,506.3],\"text\":\"Seed Money\"},{\"bbox\":[35.5,507.1,182.8,519.8],\"text\":\"UIT-related equity and debt securities\"},{\"bbox\":[35.9,522.4,124.0,533.5],\"text\":\"Other equity securities\"},{\"bbox\":[23.2,535.9,129.5,547.5],\"text\":\"Equity method investments\"},{\"bbox\":[23.6,550.2,107.8,561.2],\"text\":\"Foreign time deposits\"},{\"bbox\":[23.9,565.8,46.2,575.1],\"text\":\"Other\"}],\"order\":38,\"text\":\"Available-for-sale investments:\\nSeed money\\nCLOs\\nOther debt securities\\nTrading investments:\\nInvestments related to deferred compensation plans\\nSeed Money\\nUIT-related equity and debt securities\\nOther equity securities\\nEquity method investments\\nForeign time deposits\\nOther\"},{\"bbox\":[24.4,580.7,93.9,591.3],\"lines\":[{\"bbox\":[24.4,580.7,93.9,591.3],\"text\":\"Total investments\"}],\"order\":39,\"text\":\"Total investments\"},{\"bbox\":[519.4,388.1,582.3,396.8],\"lines\":[{\"bbox\":[519.4,388.1,582.3,396.8],\"text\":\"December 31, 2013\"}],\"order\":40,\"text\":\"December 31, 2013\"},{\"bbox\":[474.9,416.7,497.7,453.4],\"lines\":[{\"bbox\":[474.9,416.7,497.0,426.1],\"text\":\"246.2\"},{\"bbox\":[485.0,430.4,497.4,439.5],\"text\":\"3.4\"},{\"bbox\":[485.3,444.1,497.7,453.2],\"text\":\"6.3\"}],\"order\":41,\"text\":\"246.2\\n3.4\\n6.3\"},{\"bbox\":[567.0,414.2,589.9,450.9],\"lines\":[{\"bbox\":[567.0,414.2,589.1,423.6],\"text\":\"233.8\"},{\"bbox\":[577.1,427.9,589.5,437.0],\"text\":\"4.0\"},{\"bbox\":[577.5,441.6,589.9,450.7],\"text\":\"6.3\"}],\"order\":42,\"text\":\"233.8\\n4.0\\n6.3\"},{\"bbox\":[476.4,471.3,501.1,576.9],\"lines\":[{\"bbox\":[476.4,471.3,498.5,480.7],\"text\":\"162.6\"},{\"bbox\":[481.5,485.0,498.8,494.2],\"text\":\"68.2\"},{\"bbox\":[486.8,498.5,499.2,507.6],\"text\":\"3.4\"},{\"bbox\":[482.3,512.2,499.6,521.4],\"text\":\"29.0\"},{\"bbox\":[477.8,525.9,499.9,535.2],\"text\":\"332.1\"},{\"bbox\":[483.0,539.6,500.3,548.8],\"text\":\"29.6\"},{\"bbox\":[488.3,553.1,500.7,562.2],\"text\":\"4.6\"},{\"bbox\":[479.0,567.5,501.1,576.9],\"text\":\"885.4\"}],\"order\":43,\"text\":\"162.6\\n68.2\\n3.4\\n29.0\\n332.1\\n29.6\\n4.6\\n885.4\"},{\"bbox\":[568.5,468.8,593.2,574.4],\"lines\":[{\"bbox\":[568.5,468.8,590.6,478.2],\"text\":\"249.7\"},{\"bbox\":[581.0,482.5,590.9,491.5],\"text\":\"—\"},{\"bbox\":[578.9,496.1,591.3,505.1],\"text\":\"3.3\"},{\"bbox\":[581.7,509.7,591.6,518.7],\"text\":\"—\"},{\"bbox\":[570.0,523.4,592.1,532.7],\"text\":\"308.2\"},{\"bbox\":[575.1,537.1,592.4,546.3],\"text\":\"28.8\"},{\"bbox\":[580.4,550.6,592.8,559.7],\"text\":\"5.6\"},{\"bbox\":[571.1,565.0,593.2,574.4],\"text\":\"839.7\"}],\"order\":44,\"text\":\"249.7\\n—\\n3.3\\n—\\n308.2\\n28.8\\n5.6\\n839.7\"},{\"bbox\":[32.4,603.5,151.9,615.5],\"lines\":[{\"bbox\":[32.4,603.5,151.9,615.5],\"text\":\"Available for sale investments\"}],\"order\":45,\"text\":\"Available for sale investments\"},{\"bbox\":[24.2,614.7,600.6,650.6],\"lines\":[{\"bbox\":[34.4,614.7,600.2,638.7],\"text\":\"Realized gains and losses recognized in the Consolidated Statements of Income during the year from investments classified as available-for-sale\"},{\"bbox\":[24.5,640.3,81.3,650.6],\"text\":\"are as follows:\"}],\"order\":46,\"text\":\"Realized gains and losses recognized in the Consolidated Statements of Income during the year from investments classified as available-for-sale\\nare as follows:\"},{\"bbox\":[251.3,658.0,267.0,665.4],\"lines\":[{\"bbox\":[251.3,658.0,267.0,665.4],\"text\":\"2014\"}],\"order\":47,\"text\":\"2014\"},{\"bbox\":[389.5,654.3,405.2,661.7],\"lines\":[{\"bbox\":[389.5,654.3,405.2,661.7],\"text\":\"2013\"}],\"order\":48,\"text\":\"2013\"},{\"bbox\":[27.4,693.1,68.2,701.2],\"lines\":[{\"bbox\":[27.4,693.1,68.2,701.2],\"text\":\"$ in millions\"}],\"order\":49,\"text\":\"$ in millions\"},{\"bbox\":[195.3,679.7,230.8,696.3],\"lines\":[{\"bbox\":[198.0,679.8,227.9,687.6],\"text\":\"Proceeds\"},{\"bbox\":[195.6,688.4,230.8,696.3],\"text\":\"from Sales\"}],\"order\":50,\"text\":\"Proceeds\\nfrom Sales\"},{\"bbox\":[244.4,670.1,273.6,695.0],\"lines\":[{\"bbox\":[249.0,670.2,268.6,677.7],\"text\":\"Gross\"},{\"bbox\":[244.6,678.6,273.4,686.4],\"text\":\"Realized\"},{\"bbox\":[249.4,687.3,269.1,694.9],\"text\":\"Gains\"}],\"order\":51,\"text\":\"Gross\\nRealized\\nGains\"},{\"bbox\":[290.5,668.8,319.7,693.8],\"lines\":[{\"bbox\":[295.0,668.9,314.7,676.5],\"text\":\"Gross\"},{\"bbox\":[290.7,677.3,319.4,685.1],\"text\":\"Realized\"},{\"bbox\":[294.4,686.1,316.2,693.7],\"text\":\"Losses\"}],\"order\":52,\"text\":\"Gross\\nRealized\\nLosses\"},{\"bbox\":[27.7,705.2,76.0,728.9],\"lines\":[{\"bbox\":[27.7,705.2,75.6,715.2],\"text\":\"Seed money\"},{\"bbox\":[28.1,719.5,51.5,728.9],\"text\":\"CLOs\"}],\"order\":53,\"text\":\"Seed money\\nCLOs\"},{\"bbox\":[206.0,701.1,228.5,724.1],\"lines\":[{\"bbox\":[206.0,701.1,228.1,710.4],\"text\":\"102.5\"},{\"bbox\":[216.1,714.7,228.5,723.8],\"text\":\"0.3\"}],\"order\":54,\"text\":\"102.5\\n0.3\"},{\"bbox\":[257.0,699.8,274.7,722.7],\"lines\":[{\"bbox\":[257.0,699.8,274.3,709.0],\"text\":\"13.0\"},{\"bbox\":[264.5,713.5,274.5,722.5],\"text\":\"—\"}],\"order\":55,\"text\":\"13.0\\n—\"},{\"bbox\":[304.6,698.5,323.8,721.4],\"lines\":[{\"bbox\":[304.6,698.5,323.4,707.7],\"text\":\"(0.2 )\"},{\"bbox\":[310.6,712.3,320.5,721.3],\"text\":\"—\"}],\"order\":56,\"text\":\"(0.2 )\\n—\"},{\"bbox\":[308.2,747.2,323.0,756.4],\"lines\":[{\"bbox\":[308.2,747.2,323.0,756.4],\"text\":\"106\"}],\"order\":57,\"text\":\"106\"},{\"bbox\":[527.6,650.5,543.4,658.0],\"lines\":[{\"bbox\":[527.6,650.5,543.4,658.0],\"text\":\"2012\"}],\"order\":58,\"text\":\"2012\"},{\"bbox\":[333.5,676.0,369.0,692.6],\"lines\":[{\"bbox\":[336.2,676.1,366.1,683.9],\"text\":\"Proceeds\"},{\"bbox\":[333.8,684.6,369.0,692.6],\"text\":\"from Sales\"}],\"order\":59,\"text\":\"Proceeds\\nfrom Sales\"},{\"bbox\":[382.6,666.3,411.8,691.3],\"lines\":[{\"bbox\":[387.1,666.5,406.8,674.0],\"text\":\"Gross\"},{\"bbox\":[382.8,674.8,411.6,682.6],\"text\":\"Realized\"},{\"bbox\":[387.6,683.6,407.3,691.2],\"text\":\"Gains\"}],\"order\":60,\"text\":\"Gross\\nRealized\\nGains\"},{\"bbox\":[428.7,665.1,457.9,690.0],\"lines\":[{\"bbox\":[433.2,665.2,452.9,672.8],\"text\":\"Gross\"},{\"bbox\":[428.9,673.6,457.6,681.4],\"text\":\"Realized\"},{\"bbox\":[432.6,682.3,454.4,689.9],\"text\":\"Losses\"}],\"order\":61,\"text\":\"Gross\\nRealized\\nLosses\"},{\"bbox\":[349.0,697.3,366.7,720.2],\"lines\":[{\"bbox\":[349.0,697.3,366.3,706.5],\"text\":\"26.7\"},{\"bbox\":[354.3,711.0,366.7,720.1],\"text\":\"0.2\"}],\"order\":62,\"text\":\"26.7\\n0.2\"},{\"bbox\":[399.9,696.1,412.7,718.8],\"lines\":[{\"bbox\":[399.9,696.1,412.4,705.2],\"text\":\"3.6\"},{\"bbox\":[402.7,709.8,412.7,718.8],\"text\":\"—\"}],\"order\":63,\"text\":\"3.6\\n—\"},{\"bbox\":[442.8,694.8,462.0,717.7],\"lines\":[{\"bbox\":[442.8,694.8,461.6,704.0],\"text\":\"(0.4 )\"},{\"bbox\":[448.8,708.5,458.7,717.5],\"text\":\"—\"}],\"order\":64,\"text\":\"(0.4 )\\n—\"},{\"bbox\":[471.6,672.3,507.1,688.9],\"lines\":[{\"bbox\":[474.3,672.3,504.3,680.2],\"text\":\"Proceeds\"},{\"bbox\":[471.8,680.9,507.1,688.9],\"text\":\"from Sales\"}],\"order\":65,\"text\":\"Proceeds\\nfrom Sales\"},{\"bbox\":[520.8,662.6,550.0,687.5],\"lines\":[{\"bbox\":[525.3,662.7,545.0,670.3],\"text\":\"Gross\"},{\"bbox\":[521.0,671.1,549.8,678.9],\"text\":\"Realized\"},{\"bbox\":[525.8,679.9,545.5,687.4],\"text\":\"Gains\"}],\"order\":66,\"text\":\"Gross\\nRealized\\nGains\"},{\"bbox\":[566.8,661.4,596.1,686.3],\"lines\":[{\"bbox\":[571.4,661.5,591.1,669.0],\"text\":\"Gross\"},{\"bbox\":[567.1,669.9,595.8,677.7],\"text\":\"Realized\"},{\"bbox\":[570.8,678.6,592.6,686.2],\"text\":\"Losses\"}],\"order\":67,\"text\":\"Gross\\nRealized\\nLosses\"},{\"bbox\":[487.2,693.6,504.8,716.5],\"lines\":[{\"bbox\":[487.2,693.6,504.5,702.8],\"text\":\"50.3\"},{\"bbox\":[492.4,707.3,504.8,716.3],\"text\":\"0.3\"}],\"order\":68,\"text\":\"50.3\\n0.3\"},{\"bbox\":[538.1,692.3,550.9,715.1],\"lines\":[{\"bbox\":[538.1,692.3,550.5,701.4],\"text\":\"5.3\"},{\"bbox\":[540.9,706.0,550.8,715.0],\"text\":\"—\"}],\"order\":69,\"text\":\"5.3\\n—\"},{\"bbox\":[581.0,691.0,600.2,713.9],\"lines\":[{\"bbox\":[581.0,691.0,599.8,700.3],\"text\":\"(0.6 )\"},{\"bbox\":[587.0,704.8,596.9,713.8],\"text\":\"—\"}],\"order\":70,\"text\":\"(0.6 )\\n—\"}],\"doc\":\"fintabnet:IVZ_2014\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nThe following table shows a reconciliation of the beginning and ending fair value measurements for level 3 assets and liabilities during the year\\nended December 31, 2014 and December 31, 2013 , which are valued using significant unobservable inputs:\\n\\nFor the year ended December 31, 2014\\n\\nNote Payable\\n\\n4.0\\n(0.3 )\\n—\\n—\\n\\n6.3\\n—\\n—\\n—\\n\\n(0.3 )\\n—\\n0.3\\n—\\n\\n—\\n\\n—\\n\\n(0.3 )\\n—\\n3.4\\n\\n—\\n—\\n6.3\\n\\nCLOs\\n\\n$ in millions\\n\\nBeginning balance\\nReturns of capital\\nSettlements\\nDeconsolidation of CIP\\nNet unrealized gains and losses included in other gains\\nand losses*\\nNet unrealized gains and losses included in accumulated\\nother comprehensive income/(loss) *\\nForeign exchange gains/(losses)\\n\\nEnding balance\\n\\nFor the year ended December 31, 2013\\n\\nOther Debt\\nSecurities\\n\\nOther Debt\\nSecurities\\n\\nNote Payable\\n\\n2.4\\n(0.2 )\\n—\\n1.6\\n\\n6.3\\n—\\n—\\n—\\n\\n(3.4 )\\n—\\n2.5\\n—\\n\\n—\\n\\n—\\n\\n—\\n\\n0.2\\n\\n—\\n—\\n—\\n\\n0.2\\n—\\n4.0\\n\\n—\\n—\\n6.3\\n\\n—\\n0.4\\n(0.3 )\\n\\nCLOs\\n\\n____________\\n\\n*\\n\\nThese unrealized gains and losses are attributable to balances still held at the respective year ends.\\n\\n3 . INVESTMENTS\\n\\nThe disclosures below include details of the company's investments. Investments held by CSIP are detailed in Note 19 , \\\"Consolidated Sponsored\\nInvestment Products.\\\" Investments held by CIP are detailed in Note 20 , \\\"Consolidated Investment Products.\\\"\\n\\nDecember 31, 2014\\n\\n$ in millions\\n\\nAvailable-for-sale investments:\\nSeed money\\nCLOs\\nOther debt securities\\nTrading investments:\\nInvestments related to deferred compensation plans\\nSeed Money\\nUIT-related equity and debt securities\\nOther equity securities\\nEquity method investments\\nForeign time deposits\\nOther\\n\\nTotal investments\\n\\nDecember 31, 2013\\n\\n246.2\\n3.4\\n6.3\\n\\n233.8\\n4.0\\n6.3\\n\\n162.6\\n68.2\\n3.4\\n29.0\\n332.1\\n29.6\\n4.6\\n885.4\\n\\n249.7\\n—\\n3.3\\n—\\n308.2\\n28.8\\n5.6\\n839.7\\n\\nAvailable for sale investments\\n\\nRealized gains and losses recognized in the Consolidated Statements of Income during the year from investments classified as available-for-sale\\nare as follows:\\n\\n2014\\n\\n2013\\n\\n$ in millions\\n\\nProceeds\\nfrom Sales\\n\\nGross\\nRealized\\nGains\\n\\nGross\\nRealized\\nLosses\\n\\nSeed money\\nCLOs\\n\\n102.5\\n0.3\\n\\n13.0\\n—\\n\\n(0.2 )\\n—\\n\\n106\\n\\n2012\\n\\nProceeds\\nfrom Sales\\n\\nGross\\nRealized\\nGains\\n\\nGross\\nRealized\\nLosses\\n\\n26.7\\n0.2\\n\\n3.6\\n—\\n\\n(0.4 )\\n—\\n\\nProceeds\\nfrom Sales\\n\\nGross\\nRealized\\nGains\\n\\nGross\\nRealized\\nLosses\\n\\n50.3\\n0.3\\n\\n5.3\\n—\\n\\n(0.6 )\\n—\",\"name\":\"fintabnet.IVZ_2014_page_115__72dpi_medium\",\"page_id\":\"fintabnet.IVZ_2014_page_115\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.548,\"source\":\"fintabnet\",\"source_id\":\"IVZ_2014_page_115\",\"stack\":[{\"deg\":1.548,\"op\":\"skew\"},{\"amp\":0.17,\"angle\":54.2,\"blob\":0.217,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.797},{\"op\":\"noise\",\"sigma\":6.765},{\"gain\":0.676,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":50}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[16.8,79.6,582.0,260.2],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30],\"cells\":null},{\"bbox\":[19.5,385.2,593.3,591.9],\"block_orders\":[36,37,38,39,40,41,42,43,44],\"cells\":null}],\"text\":\"Table of Contents\\n\\nThe following table shows a reconciliation of the beginning and ending fair value measurements for level 3 assets and liabilities during the year\\nended December 31, 2014 and December 31, 2013 , which are valued using significant unobservable inputs:\\n\\nFor the year ended December 31, 2014\\n\\nNote Payable\\n\\n4.0\\n(0.3 )\\n—\\n—\\n\\n6.3\\n—\\n—\\n—\\n\\n(0.3 )\\n—\\n0.3\\n—\\n\\n—\\n\\n—\\n\\n(0.3 )\\n—\\n3.4\\n\\n—\\n—\\n6.3\\n\\nCLOs\\n\\n$ in millions\\n\\nBeginning balance\\nReturns of capital\\nSettlements\\nDeconsolidation of CIP\\nNet unrealized gains and losses included in other gains\\nand losses*\\nNet unrealized gains and losses included in accumulated\\nother comprehensive income/(loss) *\\nForeign exchange gains/(losses)\\n\\nEnding balance\\n\\nFor the year ended December 31, 2013\\n\\nOther Debt\\nSecurities\\n\\nOther Debt\\nSecurities\\n\\nNote Payable\\n\\n2.4\\n(0.2 )\\n—\\n1.6\\n\\n6.3\\n—\\n—\\n—\\n\\n(3.4 )\\n—\\n2.5\\n—\\n\\n—\\n\\n—\\n\\n—\\n\\n0.2\\n\\n—\\n—\\n—\\n\\n0.2\\n—\\n4.0\\n\\n—\\n—\\n6.3\\n\\n—\\n0.4\\n(0.3 )\\n\\nCLOs\\n\\n____________\\n\\n*\\n\\nThese unrealized gains and losses are attributable to balances still held at the respective year ends.\\n\\n3 . INVESTMENTS\\n\\nThe disclosures below include details of the company's investments. Investments held by CSIP are detailed in Note 19 , \\\"Consolidated Sponsored\\nInvestment Products.\\\" Investments held by CIP are detailed in Note 20 , \\\"Consolidated Investment Products.\\\"\\n\\nDecember 31, 2014\\n\\n$ in millions\\n\\nAvailable-for-sale investments:\\nSeed money\\nCLOs\\nOther debt securities\\nTrading investments:\\nInvestments related to deferred compensation plans\\nSeed Money\\nUIT-related equity and debt securities\\nOther equity securities\\nEquity method investments\\nForeign time deposits\\nOther\\n\\nTotal investments\\n\\nDecember 31, 2013\\n\\n246.2\\n3.4\\n6.3\\n\\n233.8\\n4.0\\n6.3\\n\\n162.6\\n68.2\\n3.4\\n29.0\\n332.1\\n29.6\\n4.6\\n885.4\\n\\n249.7\\n—\\n3.3\\n—\\n308.2\\n28.8\\n5.6\\n839.7\\n\\nAvailable for sale investments\\n\\nRealized gains and losses recognized in the Consolidated Statements of Income during the year from investments classified as available-for-sale\\nare as follows:\\n\\n2014\\n\\n2013\\n\\n$ in millions\\n\\nProceeds\\nfrom Sales\\n\\nGross\\nRealized\\nGains\\n\\nGross\\nRealized\\nLosses\\n\\nSeed money\\nCLOs\\n\\n102.5\\n0.3\\n\\n13.0\\n—\\n\\n(0.2 )\\n—\\n\\n106\\n\\n2012\\n\\nProceeds\\nfrom Sales\\n\\nGross\\nRealized\\nGains\\n\\nGross\\nRealized\\nLosses\\n\\n26.7\\n0.2\\n\\n3.6\\n—\\n\\n(0.4 )\\n—\\n\\nProceeds\\nfrom Sales\\n\\nGross\\nRealized\\nGains\\n\\nGross\\nRealized\\nLosses\\n\\n50.3\\n0.3\\n\\n5.3\\n—\\n\\n(0.6 )\\n—\"},\"name\":\"fintabnet.IVZ_2014_page_115__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":40094,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:IVZ_2014\",\"dpi\":72,\"gt_sha256\":\"f153d60251ec7973d21dcea3a55343c98cdb89a9148488e28c16536c92bb5f22\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.IVZ_2014_page_115__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.IVZ_2014_page_115\",\"pdf_sha256\":\"7536004293f7bb0111c2443996958b622ddd03e547008d33483796a4cd25059f\",\"px\":[612,792],\"scan\":{\"render\":\"000001fe41fefffe7d5e0010000003fe40ff607f707f40ff003f03ff45ff009f\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"IVZ_2014_page_115\",\"src\":{\"file_sha256\":\"1519773e15bd18075d64537104b316d951dca369ce21c157752ec63b9519f77c\",\"render\":\"00006be061fefffe797e010060005ee0f03f7c087808e03f4000077e07f80000\",\"text\":\"178e2422ada193a49392d07933961cfd3318e0f3461e3087be43aea4cf6a5ed0\"},\"stack\":[{\"deg\":1.548,\"op\":\"skew\"},{\"amp\":0.17,\"angle\":54.2,\"blob\":0.217,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.797},{\"op\":\"noise\",\"sigma\":6.765},{\"gain\":0.676,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":50}],\"tools\":\"21647cade0ee\"},\"sha256\":\"7536004293f7bb0111c2443996958b622ddd03e547008d33483796a4cd25059f\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/7536004293f7bb0111c2443996958b622ddd03e547008d33483796a4cd25059f.pdf","asset_sha256":"7536004293f7bb0111c2443996958b622ddd03e547008d33483796a4cd25059f","document_id":"fintabnet:IVZ_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IVZ_2014_page_115\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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VIEs\"},{\"bbox\":[81.0,337.3,250.1,366.6],\"lines\":[{\"bbox\":[81.0,337.3,250.1,366.6],\"text\":\"$ in millions\"}],\"order\":3,\"text\":\"$ in millions\"},{\"bbox\":[81.0,388.3,1224.7,1277.3],\"lines\":[{\"bbox\":[111.5,388.3,513.2,424.8],\"text\":\"Total operating revenues\"},{\"bbox\":[111.5,446.8,515.2,483.3],\"text\":\"Total operating expenses\"},{\"bbox\":[81.0,504.8,371.9,541.3],\"text\":\"Operating income\"},{\"bbox\":[111.5,561.8,857.7,598.3],\"text\":\"Equity in earnings of unconsolidated affiliates\"},{\"bbox\":[111.5,618.8,581.4,655.3],\"text\":\"Interest and dividend income\"},{\"bbox\":[111.5,675.3,543.7,711.8],\"text\":\"Other gains and losses, net\"},{\"bbox\":[111.5,732.3,698.5,768.8],\"text\":\"Interest and dividend income of CIP\"},{\"bbox\":[111.5,789.3,489.5,825.8],\"text\":\"Interest expense of CIP\"},{\"bbox\":[111.5,847.8,660.2,884.3],\"text\":\"Other gains and losses of CIP, net\"},{\"bbox\":[81.0,905.8,988.2,942.3],\"text\":\"Income from continuing operations, net of income taxes\"},{\"bbox\":[111.5,964.3,454.7,1000.8],\"text\":\"Income tax provision\"},{\"bbox\":[81.0,1022.8,988.2,1059.3],\"text\":\"Income from continuing operations, net of income taxes\"},{\"bbox\":[111.5,1080.8,1051.7,1117.3],\"text\":\"Income from discontinued operations, net of income taxes\"},{\"bbox\":[81.0,1139.3,369.5,1175.8],\"text\":\"Net income/(loss)\"},{\"bbox\":[111.5,1196.3,1224.7,1232.8],\"text\":\"(Gains)/losses attributable to noncontrolling interests in consolidated\"},{\"bbox\":[111.5,1240.8,297.7,1277.3],\"text\":\"entities, net\"}],\"order\":4,\"text\":\"Total operating revenues\\nTotal operating expenses\\nOperating income\\nEquity in earnings of unconsolidated affiliates\\nInterest and dividend income\\nOther gains and losses, net\\nInterest and dividend income of CIP\\nInterest expense of CIP\\nOther gains and losses of CIP, net\\nIncome from continuing operations, net of income taxes\\nIncome tax provision\\nIncome from continuing 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)\"},{\"bbox\":[1444.0,1239.3,1528.5,1335.8],\"lines\":[{\"bbox\":[1444.0,1239.3,1515.2,1275.8],\"text\":\"82.2\"},{\"bbox\":[1451.0,1299.3,1528.5,1335.8],\"text\":\"(0.3 )\"}],\"order\":15,\"text\":\"82.2\\n(0.3 )\"},{\"bbox\":[1643.0,1239.3,1720.5,1335.8],\"lines\":[{\"bbox\":[1643.0,1239.3,1720.5,1275.8],\"text\":\"(1.5 )\"},{\"bbox\":[1666.5,1299.3,1706.9,1335.8],\"text\":\"—\"}],\"order\":16,\"text\":\"(1.5 )\\n—\"},{\"bbox\":[1835.0,1239.3,1912.5,1335.8],\"lines\":[{\"bbox\":[1848.5,1239.3,1899.2,1275.8],\"text\":\"9.1\"},{\"bbox\":[1835.0,1299.3,1912.5,1335.8],\"text\":\"(0.6 )\"}],\"order\":17,\"text\":\"9.1\\n(0.6 )\"},{\"bbox\":[2147.0,1239.3,2224.5,1335.8],\"lines\":[{\"bbox\":[2170.5,1239.3,2210.9,1275.8],\"text\":\"—\"},{\"bbox\":[2147.0,1299.3,2224.5,1335.8],\"text\":\"(9.8 )\"}],\"order\":18,\"text\":\"—\\n(9.8 )\"},{\"bbox\":[2366.5,1239.3,2464.5,1335.8],\"lines\":[{\"bbox\":[2380.0,1239.3,2451.2,1275.8],\"text\":\"89.8\"},{\"bbox\":[2366.5,1299.3,2464.5,1335.8],\"text\":\"(10.7 )\"}],\"order\":19,\"text\":\"89.8\\n(10.7 )\"},{\"bbox\":[75.0,1461.3,2475.2,1643.3],\"lines\":[{\"bbox\":[75.0,1461.3,2475.2,1497.8],\"text\":\"(2) Adjustments include the elimination of intercompany transactions between the company and its CIP, primarily the elimination of management\"},{\"bbox\":[148.0,1509.8,2475.2,1546.3],\"text\":\"fees expensed by the funds and recorded as operating revenues (before consolidation) by the company. These also include the reclassification\"},{\"bbox\":[148.0,1558.3,2475.0,1594.8],\"text\":\"of the company's gain or loss (representing the changes in the market value of the company's holding in the consolidated CLOs) from other\"},{\"bbox\":[148.0,1606.8,1220.1,1643.3],\"text\":\"comprehensive income into other gains/losses upon consolidation.\"}],\"order\":20,\"text\":\"(2) Adjustments include the elimination of intercompany transactions between the company and its CIP, primarily the elimination of management\\nfees expensed by the funds and recorded as operating revenues (before consolidation) by the company. These also include the reclassification\\nof the company's gain or loss (representing the changes in the market value of the company's holding in the consolidated CLOs) from other\\ncomprehensive income into other gains/losses upon consolidation.\"},{\"bbox\":[75.0,1752.3,2474.7,1837.3],\"lines\":[{\"bbox\":[114.5,1752.3,2474.7,1788.8],\"text\":\"The carrying values of investments held and notes issued by CIP are also their fair values. The following tables present the fair value hierarchy\"},{\"bbox\":[75.0,1800.8,2273.7,1837.3],\"text\":\"levels of investments held and notes issued by CIP, which are measured at fair value as of December 31, 2014 and December 31, 2013 :\"}],\"order\":21,\"text\":\"The carrying values of investments held and notes issued by CIP are also their fair values. The following tables present the fair value hierarchy\\nlevels of investments held and notes issued by CIP, which are measured at fair value as of December 31, 2014 and December 31, 2013 :\"},{\"bbox\":[1684.0,1895.3,2024.2,1924.6],\"lines\":[{\"bbox\":[1684.0,1895.3,2024.2,1924.6],\"text\":\"As of December 31, 2014\"}],\"order\":22,\"text\":\"As of December 31, 2014\"},{\"bbox\":[81.0,2055.3,250.1,2084.6],\"lines\":[{\"bbox\":[81.0,2055.3,250.1,2084.6],\"text\":\"$ in millions\"}],\"order\":23,\"text\":\"$ in millions\"},{\"bbox\":[1269.5,2017.8,1472.6,2083.1],\"lines\":[{\"bbox\":[1297.0,2017.8,1444.9,2047.1],\"text\":\"Fair Value\"},{\"bbox\":[1269.5,2053.8,1472.6,2083.1],\"text\":\"Measurements\"}],\"order\":24,\"text\":\"Fair Value\\nMeasurements\"},{\"bbox\":[1564.0,1946.3,1825.9,2083.1],\"lines\":[{\"bbox\":[1580.0,1946.3,1810.0,1975.6],\"text\":\"Quoted Prices in\"},{\"bbox\":[1564.0,1981.8,1825.9,2011.1],\"text\":\"Active Markets for\"},{\"bbox\":[1586.5,2017.8,1802.6,2047.1],\"text\":\"Identical Assets\"},{\"bbox\":[1634.5,2053.8,1755.8,2083.1],\"text\":\"(Level 1)\"}],\"order\":25,\"text\":\"Quoted Prices in\\nActive Markets for\\nIdentical Assets\\n(Level 1)\"},{\"bbox\":[1891.0,1981.8,2147.1,2083.1],\"lines\":[{\"bbox\":[1899.0,1981.8,2138.9,2011.1],\"text\":\"Significant Other\"},{\"bbox\":[1891.0,2017.8,2147.1,2047.1],\"text\":\"Observable Inputs\"},{\"bbox\":[1958.5,2053.8,2079.8,2083.1],\"text\":\"(Level 2)\"}],\"order\":26,\"text\":\"Significant Other\\nObservable Inputs\\n(Level 2)\"},{\"bbox\":[1369.5,2219.8,1491.2,2370.3],\"lines\":[{\"bbox\":[1369.5,2219.8,1491.2,2256.3],\"text\":\"4,883.9\"},{\"bbox\":[1420.0,2276.8,1491.2,2313.3],\"text\":\"88.9\"},{\"bbox\":[1440.5,2333.8,1491.2,2370.3],\"text\":\"6.4\"}],\"order\":27,\"text\":\"4,883.9\\n88.9\\n6.4\"},{\"bbox\":[1786.5,2219.8,1826.9,2370.3],\"lines\":[{\"bbox\":[1786.5,2219.8,1826.9,2256.3],\"text\":\"—\"},{\"bbox\":[1786.5,2276.8,1826.9,2313.3],\"text\":\"—\"},{\"bbox\":[1786.5,2333.8,1826.9,2370.3],\"text\":\"—\"}],\"order\":28,\"text\":\"—\\n—\\n—\"},{\"bbox\":[2017.5,2219.8,2139.2,2370.3],\"lines\":[{\"bbox\":[2017.5,2219.8,2139.2,2256.3],\"text\":\"4,883.9\"},{\"bbox\":[2068.0,2276.8,2139.2,2313.3],\"text\":\"88.9\"},{\"bbox\":[2088.5,2333.8,2139.2,2370.3],\"text\":\"6.4\"}],\"order\":29,\"text\":\"4,883.9\\n88.9\\n6.4\"},{\"bbox\":[2410.5,2219.8,2450.9,2370.3],\"lines\":[{\"bbox\":[2410.5,2219.8,2450.9,2256.3],\"text\":\"—\"},{\"bbox\":[2410.5,2276.8,2450.9,2313.3],\"text\":\"—\"},{\"bbox\":[2410.5,2333.8,2450.9,2370.3],\"text\":\"—\"}],\"order\":30,\"text\":\"—\\n—\\n—\"},{\"bbox\":[1369.5,2447.3,1491.2,2657.3],\"lines\":[{\"bbox\":[1400.0,2447.3,1491.2,2483.8],\"text\":\"337.9\"},{\"bbox\":[1420.0,2504.3,1491.2,2540.8],\"text\":\"35.7\"},{\"bbox\":[1400.0,2561.3,1491.2,2597.8],\"text\":\"410.0\"},{\"bbox\":[1369.5,2620.8,1491.2,2657.3],\"text\":\"5,762.8\"}],\"order\":31,\"text\":\"337.9\\n35.7\\n410.0\\n5,762.8\"},{\"bbox\":[1776.5,2447.3,1827.2,2657.3],\"lines\":[{\"bbox\":[1776.5,2447.3,1827.2,2483.8],\"text\":\"9.7\"},{\"bbox\":[1786.5,2504.3,1826.9,2540.8],\"text\":\"—\"},{\"bbox\":[1786.5,2561.3,1826.9,2597.8],\"text\":\"—\"},{\"bbox\":[1776.5,2620.8,1827.2,2657.3],\"text\":\"9.7\"}],\"order\":32,\"text\":\"9.7\\n—\\n—\\n9.7\"},{\"bbox\":[2017.5,2447.3,2139.2,2657.3],\"lines\":[{\"bbox\":[2098.5,2447.3,2138.9,2483.8],\"text\":\"—\"},{\"bbox\":[2098.5,2504.3,2138.9,2540.8],\"text\":\"—\"},{\"bbox\":[2098.5,2561.3,2138.9,2597.8],\"text\":\"—\"},{\"bbox\":[2017.5,2620.8,2139.2,2657.3],\"text\":\"4,979.2\"}],\"order\":33,\"text\":\"—\\n—\\n—\\n4,979.2\"},{\"bbox\":[2360.0,2447.3,2451.2,2657.3],\"lines\":[{\"bbox\":[2360.0,2447.3,2451.2,2483.8],\"text\":\"328.2\"},{\"bbox\":[2380.0,2504.3,2451.2,2540.8],\"text\":\"35.7\"},{\"bbox\":[2360.0,2561.3,2451.2,2597.8],\"text\":\"410.0\"},{\"bbox\":[2360.0,2620.8,2451.2,2657.3],\"text\":\"773.9\"}],\"order\":34,\"text\":\"328.2\\n35.7\\n410.0\\n773.9\"},{\"bbox\":[1356.0,2743.8,1504.5,2840.3],\"lines\":[{\"bbox\":[1356.0,2743.8,1504.5,2780.3],\"text\":\"(5,149.6 )\"},{\"bbox\":[1356.0,2803.8,1504.5,2840.3],\"text\":\"(5,149.6 )\"}],\"order\":35,\"text\":\"(5,149.6 )\\n(5,149.6 )\"},{\"bbox\":[1786.5,2743.8,1826.9,2840.3],\"lines\":[{\"bbox\":[1786.5,2743.8,1826.9,2780.3],\"text\":\"—\"},{\"bbox\":[1786.5,2803.8,1826.9,2840.3],\"text\":\"—\"}],\"order\":36,\"text\":\"—\\n—\"},{\"bbox\":[2098.5,2743.8,2138.9,2840.3],\"lines\":[{\"bbox\":[2098.5,2743.8,2138.9,2780.3],\"text\":\"—\"},{\"bbox\":[2098.5,2803.8,2138.9,2840.3],\"text\":\"—\"}],\"order\":37,\"text\":\"—\\n—\"},{\"bbox\":[2316.0,2743.8,2464.5,2840.3],\"lines\":[{\"bbox\":[2316.0,2743.8,2464.5,2780.3],\"text\":\"(5,149.6 )\"},{\"bbox\":[2316.0,2803.8,2464.5,2840.3],\"text\":\"(5,149.6 )\"}],\"order\":38,\"text\":\"(5,149.6 )\\n(5,149.6 )\"},{\"bbox\":[81.0,2106.3,799.2,2599.3],\"lines\":[{\"bbox\":[81.0,2106.3,197.7,2142.8],\"text\":\"Assets:\"},{\"bbox\":[111.5,2163.3,468.2,2199.8],\"text\":\"CLO collateral assets:\"},{\"bbox\":[135.5,2219.8,316.2,2256.3],\"text\":\"Bank loans\"},{\"bbox\":[135.5,2276.8,238.7,2313.3],\"text\":\"Bonds\"},{\"bbox\":[135.5,2333.8,406.2,2370.3],\"text\":\"Equity securities\"},{\"bbox\":[111.5,2390.3,536.7,2426.8],\"text\":\"Private equity fund assets:\"},{\"bbox\":[135.5,2447.3,406.2,2483.8],\"text\":\"Equity securities\"},{\"bbox\":[135.5,2504.3,376.7,2540.8],\"text\":\"Debt securities\"},{\"bbox\":[135.5,2562.8,799.2,2599.3],\"text\":\"Investments in other private equity funds\"}],\"order\":39,\"text\":\"Assets:\\nCLO collateral assets:\\nBank loans\\nBonds\\nEquity securities\\nPrivate equity fund assets:\\nEquity securities\\nDebt securities\\nInvestments in other private equity funds\"},{\"bbox\":[81.0,2625.3,473.9,2661.8],\"lines\":[{\"bbox\":[81.0,2625.3,473.9,2661.8],\"text\":\"Total assets at fair value\"}],\"order\":40,\"text\":\"Total assets at fair value\"},{\"bbox\":[81.0,2686.8,287.7,2781.8],\"lines\":[{\"bbox\":[81.0,2686.8,256.2,2723.3],\"text\":\"Liabilities:\"},{\"bbox\":[111.5,2745.3,287.7,2781.8],\"text\":\"CLO notes\"}],\"order\":41,\"text\":\"Liabilities:\\nCLO notes\"},{\"bbox\":[81.0,2812.8,529.9,2849.3],\"lines\":[{\"bbox\":[81.0,2812.8,529.9,2849.3],\"text\":\"Total liabilities at fair value\"}],\"order\":42,\"text\":\"Total liabilities at fair value\"},{\"bbox\":[1244.5,2958.8,1305.2,2995.3],\"lines\":[{\"bbox\":[1244.5,2958.8,1305.2,2995.3],\"text\":\"137\"}],\"order\":43,\"text\":\"137\"},{\"bbox\":[2235.5,1946.3,2425.9,2083.1],\"lines\":[{\"bbox\":[2256.5,1946.3,2405.8,1975.6],\"text\":\"Significant\"},{\"bbox\":[2235.5,1981.8,2425.9,2011.1],\"text\":\"Unobservable\"},{\"bbox\":[2286.0,2017.8,2376.1,2047.1],\"text\":\"Inputs\"},{\"bbox\":[2270.5,2053.8,2391.8,2083.1],\"text\":\"(Level 3)\"}],\"order\":44,\"text\":\"Significant\\nUnobservable\\nInputs\\n(Level 3)\"}],\"doc\":\"fintabnet:IVZ_2014\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nYear ended December 31, 2012\\n\\nCLOs - VIEs\\n\\n$ in millions\\n\\nTotal operating revenues\\nTotal operating expenses\\nOperating income\\nEquity in earnings of unconsolidated affiliates\\nInterest and dividend income\\nOther gains and losses, net\\nInterest and dividend income of CIP\\nInterest expense of CIP\\nOther gains and losses of CIP, net\\nIncome from continuing operations, net of income taxes\\nIncome tax provision\\nIncome from continuing operations, net of income taxes\\nIncome from discontinued operations, net of income taxes\\nNet income/(loss)\\n(Gains)/losses attributable to noncontrolling interests in consolidated\\nentities, net\\n\\nNet income attributable to common shareholders\\n____________\\n\\nVIEs\\n\\nAdjustments (2)\\n\\nVOEs\\n\\nImpact of CIP\\n\\n—\\n48.2\\n(48.2 )\\n—\\n—\\n—\\n260.7\\n(182.8 )\\n(112.2 )\\n(82.5 )\\n—\\n(82.5 )\\n—\\n(82.5 )\\n\\n—\\n0.9\\n(0.9 )\\n—\\n—\\n—\\n—\\n—\\n2.4\\n1.5\\n—\\n1.5\\n—\\n1.5\\n\\n—\\n23.4\\n(23.4 )\\n—\\n—\\n—\\n—\\n—\\n13.7\\n(9.7 )\\n—\\n(9.7 )\\n—\\n(9.7 )\\n\\n(41.0 )\\n(41.0 )\\n—\\n0.5\\n(12.3 )\\n(8.7 )\\n(2.2 )\\n14.5\\n(1.6 )\\n(9.8 )\\n—\\n(9.8 )\\n—\\n(9.8 )\\n\\n(41.0 )\\n31.5\\n(72.5 )\\n0.5\\n(12.3 )\\n(8.7 )\\n258.5\\n(168.3 )\\n(97.7 )\\n(100.5 )\\n—\\n(100.5 )\\n—\\n(100.5 )\\n\\n82.2\\n(0.3 )\\n\\n(1.5 )\\n—\\n\\n9.1\\n(0.6 )\\n\\n—\\n(9.8 )\\n\\n89.8\\n(10.7 )\\n\\n(2) Adjustments include the elimination of intercompany transactions between the company and its CIP, primarily the elimination of management\\nfees expensed by the funds and recorded as operating revenues (before consolidation) by the company. These also include the reclassification\\nof the company's gain or loss (representing the changes in the market value of the company's holding in the consolidated CLOs) from other\\ncomprehensive income into other gains/losses upon consolidation.\\n\\nThe carrying values of investments held and notes issued by CIP are also their fair values. The following tables present the fair value hierarchy\\nlevels of investments held and notes issued by CIP, which are measured at fair value as of December 31, 2014 and December 31, 2013 :\\n\\nAs of December 31, 2014\\n\\n$ in millions\\n\\nFair Value\\nMeasurements\\n\\nQuoted Prices in\\nActive Markets for\\nIdentical Assets\\n(Level 1)\\n\\nSignificant Other\\nObservable Inputs\\n(Level 2)\\n\\n4,883.9\\n88.9\\n6.4\\n\\n—\\n—\\n—\\n\\n4,883.9\\n88.9\\n6.4\\n\\n—\\n—\\n—\\n\\n337.9\\n35.7\\n410.0\\n5,762.8\\n\\n9.7\\n—\\n—\\n9.7\\n\\n—\\n—\\n—\\n4,979.2\\n\\n328.2\\n35.7\\n410.0\\n773.9\\n\\n(5,149.6 )\\n(5,149.6 )\\n\\n—\\n—\\n\\n—\\n—\\n\\n(5,149.6 )\\n(5,149.6 )\\n\\nAssets:\\nCLO collateral assets:\\nBank loans\\nBonds\\nEquity securities\\nPrivate equity fund assets:\\nEquity securities\\nDebt securities\\nInvestments in other private equity funds\\n\\nTotal assets at fair value\\n\\nLiabilities:\\nCLO notes\\n\\nTotal liabilities at fair value\\n\\n137\\n\\nSignificant\\nUnobservable\\nInputs\\n(Level 3)\",\"name\":\"fintabnet.IVZ_2014_page_150__300dpi_none\",\"page_id\":\"fintabnet.IVZ_2014_page_150\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"IVZ_2014_page_150\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[81.0,265.6,2465.8,1347.4],\"block_orders\":[1,2,3,4,6,7,8,9,10,11,12,13,14,15,16,17,18,19],\"cells\":null},{\"bbox\":[81.0,1883.6,2464.5,2851.9],\"block_orders\":[22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,44],\"cells\":null}],\"text\":\"Table of Contents\\n\\nYear ended December 31, 2012\\n\\nCLOs - VIEs\\n\\n$ in millions\\n\\nTotal operating revenues\\nTotal operating expenses\\nOperating income\\nEquity in earnings of unconsolidated affiliates\\nInterest and dividend income\\nOther gains and losses, net\\nInterest and dividend income of CIP\\nInterest expense of CIP\\nOther gains and losses of CIP, net\\nIncome from continuing operations, net of income taxes\\nIncome tax provision\\nIncome from continuing operations, net of income taxes\\nIncome from discontinued operations, net of income taxes\\nNet income/(loss)\\n(Gains)/losses attributable to noncontrolling interests in consolidated\\nentities, net\\n\\nNet income attributable to common shareholders\\n____________\\n\\nVIEs\\n\\nAdjustments (2)\\n\\nVOEs\\n\\nImpact of CIP\\n\\n—\\n48.2\\n(48.2 )\\n—\\n—\\n—\\n260.7\\n(182.8 )\\n(112.2 )\\n(82.5 )\\n—\\n(82.5 )\\n—\\n(82.5 )\\n\\n—\\n0.9\\n(0.9 )\\n—\\n—\\n—\\n—\\n—\\n2.4\\n1.5\\n—\\n1.5\\n—\\n1.5\\n\\n—\\n23.4\\n(23.4 )\\n—\\n—\\n—\\n—\\n—\\n13.7\\n(9.7 )\\n—\\n(9.7 )\\n—\\n(9.7 )\\n\\n(41.0 )\\n(41.0 )\\n—\\n0.5\\n(12.3 )\\n(8.7 )\\n(2.2 )\\n14.5\\n(1.6 )\\n(9.8 )\\n—\\n(9.8 )\\n—\\n(9.8 )\\n\\n(41.0 )\\n31.5\\n(72.5 )\\n0.5\\n(12.3 )\\n(8.7 )\\n258.5\\n(168.3 )\\n(97.7 )\\n(100.5 )\\n—\\n(100.5 )\\n—\\n(100.5 )\\n\\n82.2\\n(0.3 )\\n\\n(1.5 )\\n—\\n\\n9.1\\n(0.6 )\\n\\n—\\n(9.8 )\\n\\n89.8\\n(10.7 )\\n\\n(2) Adjustments include the elimination of intercompany transactions between the company and its CIP, primarily the elimination of management\\nfees expensed by the funds and recorded as operating revenues (before consolidation) by the company. These also include the reclassification\\nof the company's gain or loss (representing the changes in the market value of the company's holding in the consolidated CLOs) from other\\ncomprehensive income into other gains/losses upon consolidation.\\n\\nThe carrying values of investments held and notes issued by CIP are also their fair values. The following tables present the fair value hierarchy\\nlevels of investments held and notes issued by CIP, which are measured at fair value as of December 31, 2014 and December 31, 2013 :\\n\\nAs of December 31, 2014\\n\\n$ in millions\\n\\nFair Value\\nMeasurements\\n\\nQuoted Prices in\\nActive Markets for\\nIdentical Assets\\n(Level 1)\\n\\nSignificant Other\\nObservable Inputs\\n(Level 2)\\n\\n4,883.9\\n88.9\\n6.4\\n\\n—\\n—\\n—\\n\\n4,883.9\\n88.9\\n6.4\\n\\n—\\n—\\n—\\n\\n337.9\\n35.7\\n410.0\\n5,762.8\\n\\n9.7\\n—\\n—\\n9.7\\n\\n—\\n—\\n—\\n4,979.2\\n\\n328.2\\n35.7\\n410.0\\n773.9\\n\\n(5,149.6 )\\n(5,149.6 )\\n\\n—\\n—\\n\\n—\\n—\\n\\n(5,149.6 )\\n(5,149.6 )\\n\\nAssets:\\nCLO collateral assets:\\nBank loans\\nBonds\\nEquity securities\\nPrivate equity fund assets:\\nEquity securities\\nDebt securities\\nInvestments in other private equity funds\\n\\nTotal assets at fair value\\n\\nLiabilities:\\nCLO notes\\n\\nTotal liabilities at fair value\\n\\n137\\n\\nSignificant\\nUnobservable\\nInputs\\n(Level 3)\"},\"name\":\"fintabnet.IVZ_2014_page_150__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":220732,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:IVZ_2014\",\"dpi\":300,\"gt_sha256\":\"4dd25f20ee75112423c2e273dba8880c6d893c01a04d717dbb0bd0197b4e1ba6\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.IVZ_2014_page_150__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.IVZ_2014_page_150\",\"pdf_sha256\":\"decdd0fdce719111c258732481c133c8d0dabd244b2097c6469615116a2381f2\",\"px\":[2550,3300],\"scan\":{\"render\":\"0000003e7875f047fcffffff40f77ffe1108003a4088705479ff40ff00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"IVZ_2014_page_150\",\"src\":{\"file_sha256\":\"a3e88c3de7477b31fb486ed0445fb46ad89024e2412c3e0ab126da4eb7d40650\",\"render\":\"000000fe78f7f045fcffffff40ff7ffe0000003a40ee604479ff40ff00000000\",\"text\":\"7587f0ac94615248eeb9dadefff22ad90718ed84105a79e4c8b4cdd042e6cb66\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"decdd0fdce719111c258732481c133c8d0dabd244b2097c6469615116a2381f2\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/decdd0fdce719111c258732481c133c8d0dabd244b2097c6469615116a2381f2.pdf","asset_sha256":"decdd0fdce719111c258732481c133c8d0dabd244b2097c6469615116a2381f2","document_id":"fintabnet:IVZ_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IVZ_2014_page_150\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"IVZ_2014_page_38\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:IVZ_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[1408.0,58.9,1601.1,83.2],\"lines\":[{\"bbox\":[1408.0,58.9,1601.1,83.2],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[50.0,152.0,369.2,178.2],\"lines\":[{\"bbox\":[50.0,152.0,369.2,178.2],\"text\":\"Passive AUM by Channel (2)\"}],\"order\":1,\"text\":\"Passive AUM by Channel (2)\"},{\"bbox\":[1233.3,217.2,1282.7,236.7],\"lines\":[{\"bbox\":[1233.3,217.2,1282.7,236.7],\"text\":\"Total\"}],\"order\":2,\"text\":\"Total\"},{\"bbox\":[54.0,218.2,160.7,237.7],\"lines\":[{\"bbox\":[54.0,218.2,160.7,237.7],\"text\":\"$ in billions\"}],\"order\":3,\"text\":\"$ in billions\"},{\"bbox\":[54.0,252.2,571.1,584.9],\"lines\":[{\"bbox\":[54.0,252.2,265.8,276.5],\"text\":\"December 31, 2013\"},{\"bbox\":[74.3,290.2,277.1,314.5],\"text\":\"Long-term inflows\"},{\"bbox\":[74.3,328.9,290.5,353.2],\"text\":\"Long-term outflows\"},{\"bbox\":[74.3,367.9,295.8,392.2],\"text\":\"Long-term net flows\"},{\"bbox\":[74.3,405.9,566.5,430.2],\"text\":\"Net flows in Invesco PowerShares QQQ fund\"},{\"bbox\":[74.3,444.9,571.1,469.2],\"text\":\"Net flows in institutional money market funds\"},{\"bbox\":[74.3,483.6,237.5,507.9],\"text\":\"Total net flows\"},{\"bbox\":[74.3,521.6,479.2,545.9],\"text\":\"Market gains and losses/reinvestment\"},{\"bbox\":[74.3,560.6,379.5,584.9],\"text\":\"Foreign currency translation\"}],\"order\":4,\"text\":\"December 31, 2013\\nLong-term inflows\\nLong-term outflows\\nLong-term net flows\\nNet flows in Invesco PowerShares QQQ fund\\nNet flows in institutional money market funds\\nTotal net 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translation\"}],\"order\":6,\"text\":\"December 31, 2012\\nLong-term inflows\\nLong-term outflows\\nLong-term net flows\\nNet flows in Invesco PowerShares QQQ fund\\nNet flows in institutional money market funds\\nTotal net flows\\nMarket gains and losses/reinvestment\\nForeign currency translation\"},{\"bbox\":[54.0,1037.9,265.8,1062.2],\"lines\":[{\"bbox\":[54.0,1037.9,265.8,1062.2],\"text\":\"December 31, 2013\"}],\"order\":7,\"text\":\"December 31, 2013\"},{\"bbox\":[54.0,1123.2,571.1,1455.9],\"lines\":[{\"bbox\":[54.0,1123.2,265.8,1147.5],\"text\":\"December 31, 2011\"},{\"bbox\":[74.3,1161.2,277.1,1185.5],\"text\":\"Long-term inflows\"},{\"bbox\":[74.3,1200.2,290.5,1224.5],\"text\":\"Long-term outflows\"},{\"bbox\":[74.3,1239.2,295.8,1263.5],\"text\":\"Long-term net flows\"},{\"bbox\":[74.3,1276.9,566.5,1301.2],\"text\":\"Net flows in Invesco PowerShares QQQ fund\"},{\"bbox\":[74.3,1315.9,571.1,1340.2],\"text\":\"Net flows in institutional money market funds\"},{\"bbox\":[74.3,1354.9,237.5,1379.2],\"text\":\"Total net flows\"},{\"bbox\":[74.3,1392.9,479.2,1417.2],\"text\":\"Market gains and losses/reinvestment\"},{\"bbox\":[74.3,1431.6,379.5,1455.9],\"text\":\"Foreign currency translation\"}],\"order\":8,\"text\":\"December 31, 2011\\nLong-term inflows\\nLong-term outflows\\nLong-term net flows\\nNet flows in Invesco PowerShares QQQ fund\\nNet flows in institutional money market funds\\nTotal net flows\\nMarket gains and losses/reinvestment\\nForeign currency translation\"},{\"bbox\":[50.0,1476.6,265.8,1536.2],\"lines\":[{\"bbox\":[54.0,1476.6,265.8,1500.9],\"text\":\"December 31, 2012\"},{\"bbox\":[50.0,1511.9,211.8,1536.2],\"text\":\"____________\"}],\"order\":9,\"text\":\"December 31, 2012\\n____________\"},{\"bbox\":[76.3,1576.6,803.7,1600.9],\"lines\":[{\"bbox\":[76.3,1576.6,803.7,1600.9],\"text\":\"See accompanying notes immediately following these AUM tables.\"}],\"order\":10,\"text\":\"See accompanying notes immediately 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2012\\nLong-term inflows\\nLong-term outflows\\nLong-term net flows\\nNet flows in Invesco PowerShares QQQ fund\\nNet flows in institutional money market funds\\nTotal net flows\\nMarket gains and losses/reinvestment\\nForeign currency translation\\n\\nDecember 31, 2013\\n\\nDecember 31, 2011\\nLong-term inflows\\nLong-term outflows\\nLong-term net flows\\nNet flows in Invesco PowerShares QQQ fund\\nNet flows in institutional money market funds\\nTotal net flows\\nMarket gains and losses/reinvestment\\nForeign currency translation\\n\\nDecember 31, 2012\\n____________\\n\\nSee accompanying notes immediately following these AUM tables.\\n\\n35\\n\\nRetail\\n\\nInstitutional\\n\\n139.7\\n32.8\\n(26.8 )\\n6.0\\n(10.7 )\\n—\\n(4.7 )\\n6.8\\n(0.4 )\\n141.4\\n\\n118.2\\n27.7\\n(22.2 )\\n5.5\\n(10.7 )\\n—\\n(5.2 )\\n6.7\\n—\\n119.7\\n\\n21.5\\n5.1\\n(4.6 )\\n0.5\\n—\\n—\\n0.5\\n0.1\\n(0.4 )\\n21.7\\n\\n114.0\\n42.6\\n(34.0 )\\n8.6\\n3.7\\n—\\n12.3\\n14.3\\n(0.9 )\\n139.7\\n\\n91.2\\n36.7\\n(27.0 )\\n9.7\\n3.7\\n—\\n13.4\\n13.6\\n—\\n118.2\\n\\n22.8\\n5.9\\n(7.0 )\\n(1.1 )\\n—\\n—\\n(1.1 )\\n0.7\\n(0.9 )\\n21.5\\n\\n96.3\\n29.7\\n(18.8 )\\n10.9\\n0.2\\n—\\n11.1\\n7.0\\n(0.4 )\\n114.0\\n\\n76.9\\n24.7\\n(17.4 )\\n7.3\\n0.2\\n—\\n7.5\\n6.8\\n—\\n91.2\\n\\n19.4\\n5.0\\n(1.4 )\\n3.6\\n—\\n—\\n3.6\\n0.2\\n(0.4 )\\n22.8\",\"name\":\"fintabnet.IVZ_2014_page_38__200dpi_none\",\"page_id\":\"fintabnet.IVZ_2014_page_38\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"IVZ_2014_page_38\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[54.0,209.4,1643.0,1502.6],\"block_orders\":[2,3,4,5,6,7,8,12,13,14,15,16,17,18,19,20,21,22],\"cells\":null}],\"text\":\"Table of Contents\\n\\nPassive AUM by Channel (2)\\n\\nTotal\\n\\n$ in billions\\n\\nDecember 31, 2013\\nLong-term inflows\\nLong-term outflows\\nLong-term net flows\\nNet flows in Invesco PowerShares QQQ fund\\nNet flows in institutional money market funds\\nTotal net flows\\nMarket gains and losses/reinvestment\\nForeign currency translation\\n\\nDecember 31, 2014\\n\\nDecember 31, 2012\\nLong-term inflows\\nLong-term outflows\\nLong-term net flows\\nNet flows in Invesco PowerShares QQQ fund\\nNet flows in institutional money market funds\\nTotal net flows\\nMarket gains and losses/reinvestment\\nForeign currency translation\\n\\nDecember 31, 2013\\n\\nDecember 31, 2011\\nLong-term inflows\\nLong-term outflows\\nLong-term net flows\\nNet flows in Invesco PowerShares QQQ fund\\nNet flows in institutional money market funds\\nTotal net flows\\nMarket gains and losses/reinvestment\\nForeign currency translation\\n\\nDecember 31, 2012\\n____________\\n\\nSee accompanying notes immediately following these AUM tables.\\n\\n35\\n\\nRetail\\n\\nInstitutional\\n\\n139.7\\n32.8\\n(26.8 )\\n6.0\\n(10.7 )\\n—\\n(4.7 )\\n6.8\\n(0.4 )\\n141.4\\n\\n118.2\\n27.7\\n(22.2 )\\n5.5\\n(10.7 )\\n—\\n(5.2 )\\n6.7\\n—\\n119.7\\n\\n21.5\\n5.1\\n(4.6 )\\n0.5\\n—\\n—\\n0.5\\n0.1\\n(0.4 )\\n21.7\\n\\n114.0\\n42.6\\n(34.0 )\\n8.6\\n3.7\\n—\\n12.3\\n14.3\\n(0.9 )\\n139.7\\n\\n91.2\\n36.7\\n(27.0 )\\n9.7\\n3.7\\n—\\n13.4\\n13.6\\n—\\n118.2\\n\\n22.8\\n5.9\\n(7.0 )\\n(1.1 )\\n—\\n—\\n(1.1 )\\n0.7\\n(0.9 )\\n21.5\\n\\n96.3\\n29.7\\n(18.8 )\\n10.9\\n0.2\\n—\\n11.1\\n7.0\\n(0.4 )\\n114.0\\n\\n76.9\\n24.7\\n(17.4 )\\n7.3\\n0.2\\n—\\n7.5\\n6.8\\n—\\n91.2\\n\\n19.4\\n5.0\\n(1.4 )\\n3.6\\n—\\n—\\n3.6\\n0.2\\n(0.4 )\\n22.8\"},\"name\":\"fintabnet.IVZ_2014_page_38__200dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":110820,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:IVZ_2014\",\"dpi\":200,\"gt_sha256\":\"2cc1365fab4c237cc29580e8ab0dd71b5fcb9fd25d65b052259b277f188a25d6\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"JKHY_2011_page_28\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:JKHY_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[54.4,55.5,170.0,68.6],\"lines\":[{\"bbox\":[54.4,55.5,170.0,68.6],\"text\":\"Year Over Year Change\"}],\"order\":0,\"text\":\"Year Over Year Change\"},{\"bbox\":[216.6,54.9,262.8,67.7],\"lines\":[{\"bbox\":[216.6,54.9,262.8,67.7],\"text\":\"$ Change\"}],\"order\":1,\"text\":\"$ Change\"},{\"bbox\":[282.9,54.6,331.5,67.4],\"lines\":[{\"bbox\":[282.9,54.6,331.5,67.4],\"text\":\"% Change\"}],\"order\":2,\"text\":\"% Change\"},{\"bbox\":[54.6,80.7,261.4,93.9],\"lines\":[{\"bbox\":[54.6,80.7,261.4,93.9],\"text\":\"In-House Support & Other Services $ 17,952\"}],\"order\":3,\"text\":\"In-House Support & Other Services $ 17,952\"},{\"bbox\":[300.2,80.4,314.7,92.6],\"lines\":[{\"bbox\":[300.2,80.4,314.7,92.6],\"text\":\"7%\"}],\"order\":4,\"text\":\"7%\"},{\"bbox\":[54.7,95.5,111.3,107.9],\"lines\":[{\"bbox\":[54.7,95.5,111.3,107.9],\"text\":\"EFT Support\"}],\"order\":5,\"text\":\"EFT Support\"},{\"bbox\":[230.9,94.7,261.5,106.9],\"lines\":[{\"bbox\":[230.9,94.7,261.5,106.9],\"text\":\"67,451\"}],\"order\":6,\"text\":\"67,451\"},{\"bbox\":[297.9,94.3,317.9,106.5],\"lines\":[{\"bbox\":[297.9,94.3,317.9,106.5],\"text\":\"45%\"}],\"order\":7,\"text\":\"45%\"},{\"bbox\":[54.7,109.1,164.4,133.6],\"lines\":[{\"bbox\":[54.7,109.2,150.3,121.8],\"text\":\"Outsourcing Services\"},{\"bbox\":[54.8,121.0,164.4,133.6],\"text\":\"Implementation Services\"}],\"order\":8,\"text\":\"Outsourcing Services\\nImplementation Services\"},{\"bbox\":[230.9,108.6,261.6,132.7],\"lines\":[{\"bbox\":[230.9,108.6,261.6,120.8],\"text\":\"15,223\"},{\"bbox\":[236.5,120.4,261.6,132.6],\"text\":\"5,636\"}],\"order\":9,\"text\":\"15,223\\n5,636\"},{\"bbox\":[298.0,108.3,318.0,132.3],\"lines\":[{\"bbox\":[298.0,108.3,318.0,120.4],\"text\":\"11%\"},{\"bbox\":[298.1,120.1,318.0,132.3],\"text\":\"10%\"}],\"order\":10,\"text\":\"11%\\n10%\"},{\"bbox\":[54.9,135.1,124.5,148.1],\"lines\":[{\"bbox\":[54.9,135.1,124.5,148.1],\"text\":\"Total Increase\"}],\"order\":11,\"text\":\"Total Increase\"},{\"bbox\":[219.4,134.4,261.7,147.2],\"lines\":[{\"bbox\":[219.4,134.4,261.7,147.2],\"text\":\"$ 106,262\"}],\"order\":12,\"text\":\"$ 106,262\"},{\"bbox\":[52.7,160.2,556.9,200.3],\"lines\":[{\"bbox\":[52.7,160.2,556.8,176.3],\"text\":\"Support and service revenues are generated from implementation services (including conversion, installation,\"},{\"bbox\":[52.8,172.2,556.8,188.3],\"text\":\"configuration and training), annual support to assist the customer in operating their systems and to enhance and\"},{\"bbox\":[52.8,184.9,429.6,200.3],\"text\":\"update the software, outsourced data processing services and EFT Support services.\"}],\"order\":13,\"text\":\"Support and service revenues are generated from implementation services (including conversion, installation,\\nconfiguration and training), annual support to assist the customer in operating their systems and to enhance and\\nupdate the software, outsourced data processing services and EFT Support services.\"},{\"bbox\":[52.9,202.2,557.0,230.3],\"lines\":[{\"bbox\":[52.9,202.2,557.0,218.3],\"text\":\"There was strong growth in all support and service revenue components in fiscal 2010. In-house support and other\"},{\"bbox\":[53.0,214.2,557.0,230.3],\"text\":\"services increased mostly as a result of the acquisition of GFSI, which added revenue of $15,527 since acquisition.\"}],\"order\":14,\"text\":\"There was strong growth in all support and service revenue components in fiscal 2010. In-house support and other\\nservices increased mostly as a result of the acquisition of GFSI, which added revenue of $15,527 since acquisition.\"},{\"bbox\":[53.1,232.2,557.4,284.3],\"lines\":[{\"bbox\":[53.1,232.2,557.2,248.3],\"text\":\"EFT support experienced the largest percentage growth. Most of the revenue growth in EFT is attributable to the\"},{\"bbox\":[53.2,244.2,557.2,260.3],\"text\":\"acquisition of GFSI, PTSI and iPay. Combined, the acquisitions added $55,020 to this line during the current year.\"},{\"bbox\":[53.2,256.2,557.3,272.3],\"text\":\"However, organic revenue growth within EFT support continues to be strong with an increase of 8% over the prior\"},{\"bbox\":[53.3,270.7,100.6,284.3],\"text\":\"fiscal year.\"}],\"order\":15,\"text\":\"EFT support experienced the largest percentage growth. Most of the revenue growth in EFT is attributable to the\\nacquisition of GFSI, PTSI and iPay. Combined, the acquisitions added $55,020 to this line during the current year.\\nHowever, organic revenue growth within EFT support continues to be strong with an increase of 8% over the prior\\nfiscal year.\"},{\"bbox\":[53.4,286.2,557.6,326.3],\"lines\":[{\"bbox\":[53.4,286.2,557.5,302.3],\"text\":\"Outsourcing services for banks and credit unions continue to drive revenue growth as customers continue to choose\"},{\"bbox\":[53.5,298.2,557.5,314.3],\"text\":\"outsourcing for the delivery of our solutions. We expect the trend towards outsourced product delivery to benefit\"},{\"bbox\":[53.5,311.6,300.9,326.3],\"text\":\"outsourcing services revenue for the foreseeable future.\"}],\"order\":16,\"text\":\"Outsourcing services for banks and credit unions continue to drive revenue growth as customers continue to choose\\noutsourcing for the delivery of our solutions. We expect the trend towards outsourced product delivery to benefit\\noutsourcing services revenue for the foreseeable future.\"},{\"bbox\":[53.6,328.2,557.7,356.3],\"lines\":[{\"bbox\":[53.6,328.2,557.7,344.3],\"text\":\"The increase in implementation services revenue is primarily related to the acquisition of GFSI, which added $4,452\"},{\"bbox\":[53.7,341.8,260.6,356.3],\"text\":\"in implementation revenue for the current year.\"}],\"order\":17,\"text\":\"The increase in implementation services revenue is primarily related to the acquisition of GFSI, which added $4,452\\nin implementation revenue for the current year.\"},{\"bbox\":[56.1,355.6,146.9,368.5],\"lines\":[{\"bbox\":[56.1,355.6,146.9,368.5],\"text\":\"Hardware Revenue\"}],\"order\":18,\"text\":\"Hardware Revenue\"},{\"bbox\":[256.1,366.2,351.1,378.7],\"lines\":[{\"bbox\":[256.1,366.2,351.1,378.7],\"text\":\"Year Ended June 30,\"}],\"order\":19,\"text\":\"Year Ended June 30,\"},{\"bbox\":[342.0,379.9,364.3,392.0],\"lines\":[{\"bbox\":[342.0,379.9,364.3,392.0],\"text\":\"2009\"}],\"order\":20,\"text\":\"2009\"},{\"bbox\":[270.4,380.3,292.7,392.9],\"lines\":[{\"bbox\":[270.4,380.3,292.7,392.9],\"text\":\"2010\"}],\"order\":21,\"text\":\"2010\"},{\"bbox\":[56.4,406.4,180.3,430.8],\"lines\":[{\"bbox\":[56.4,406.9,99.2,419.0],\"text\":\"Hardware\"},{\"bbox\":[56.5,418.1,180.3,430.8],\"text\":\"Percentage of total revenue\"}],\"order\":22,\"text\":\"Hardware\\nPercentage of total revenue\"},{\"bbox\":[243.0,406.0,248.7,418.5],\"lines\":[{\"bbox\":[243.0,406.0,248.7,418.5],\"text\":\"$\"}],\"order\":23,\"text\":\"$\"},{\"bbox\":[258.7,405.8,293.9,430.1],\"lines\":[{\"bbox\":[258.7,405.8,289.6,418.4],\"text\":\"63,857\"},{\"bbox\":[279.2,417.5,293.9,430.0],\"text\":\"8%\"}],\"order\":24,\"text\":\"63,857\\n8%\"},{\"bbox\":[382.1,365.8,429.5,378.0],\"lines\":[{\"bbox\":[382.1,365.8,429.5,378.0],\"text\":\"% Change\"}],\"order\":25,\"text\":\"% Change\"},{\"bbox\":[314.6,405.7,320.4,417.6],\"lines\":[{\"bbox\":[314.6,405.7,320.4,417.6],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[330.3,405.4,364.0,429.2],\"lines\":[{\"bbox\":[330.3,405.4,361.3,417.5],\"text\":\"72,917\"},{\"bbox\":[343.8,417.1,364.0,429.2],\"text\":\"10%\"}],\"order\":27,\"text\":\"72,917\\n10%\"},{\"bbox\":[405.9,405.0,429.2,417.6],\"lines\":[{\"bbox\":[405.9,405.0,429.2,417.6],\"text\":\"-12%\"}],\"order\":28,\"text\":\"-12%\"},{\"bbox\":[54.3,442.6,558.5,482.7],\"lines\":[{\"bbox\":[54.3,442.6,558.3,458.7],\"text\":\"The Company has entered into remarketing agreements with several hardware manufacturers under which we sell\"},{\"bbox\":[54.3,454.6,558.4,470.7],\"text\":\"computer hardware, hardware maintenance and related services to our customers. Revenue related to hardware\"},{\"bbox\":[54.4,467.7,355.2,482.7],\"text\":\"sales is recognized when the hardware is shipped to our customers.\"}],\"order\":29,\"text\":\"The Company has entered into remarketing agreements with several hardware manufacturers under which we sell\\ncomputer hardware, hardware maintenance and related services to our customers. Revenue related to hardware\\nsales is recognized when the hardware is shipped to our customers.\"},{\"bbox\":[54.5,484.6,558.8,536.7],\"lines\":[{\"bbox\":[54.5,484.6,558.6,500.7],\"text\":\"Hardware revenue decreased mainly due to a decrease in the number of hardware systems and components\"},{\"bbox\":[54.6,496.6,558.6,512.7],\"text\":\"delivered in the current year compared to a year ago. Hardware revenue has been generally commensurate with\"},{\"bbox\":[54.6,508.6,558.7,524.7],\"text\":\"the trends in license revenue; however, while hardware revenue has benefitted from the acquisition of GFSI, it has\"},{\"bbox\":[54.7,520.6,558.8,536.7],\"text\":\"not benefitted to the same degree as license revenue. GFSI added hardware revenue of $1,301 since its acquisition.\"}],\"order\":30,\"text\":\"Hardware revenue decreased mainly due to a decrease in the number of hardware systems and components\\ndelivered in the current year compared to a year ago. Hardware revenue has been generally commensurate with\\nthe trends in license revenue; however, while hardware revenue has benefitted from the acquisition of GFSI, it has\\nnot benefitted to the same degree as license revenue. GFSI added hardware revenue of $1,301 since its acquisition.\"},{\"bbox\":[54.8,540.3,237.9,555.2],\"lines\":[{\"bbox\":[54.8,540.3,237.9,555.2],\"text\":\"COST OF SALES AND GROSS PROFIT\"}],\"order\":31,\"text\":\"COST OF SALES AND GROSS PROFIT\"},{\"bbox\":[54.9,556.6,559.5,656.7],\"lines\":[{\"bbox\":[54.9,556.6,559.0,572.7],\"text\":\"Cost of license represents the cost of software from third party vendors through remarketing agreements. These\"},{\"bbox\":[55.0,568.6,559.0,584.7],\"text\":\"costs are recognized when license revenue is recognized. Cost of support and service represents costs associated\"},{\"bbox\":[55.0,580.6,559.1,596.7],\"text\":\"with conversion and implementation efforts, ongoing support for our in-house customers, operation of our data\"},{\"bbox\":[55.1,592.6,559.2,608.7],\"text\":\"and item centers providing services for our outsourced customers, EFT processing services and direct operating\"},{\"bbox\":[55.2,604.6,559.2,620.7],\"text\":\"costs. These costs are recognized as they are incurred. Cost of hardware consists of the direct and related costs\"},{\"bbox\":[55.2,616.6,559.3,632.7],\"text\":\"of purchasing the equipment from the manufacturers and delivery to our customers. These costs are recognized at\"},{\"bbox\":[55.3,628.6,559.4,644.7],\"text\":\"the same time as the related hardware revenue is recognized. Ongoing operating costs to provide support to our\"},{\"bbox\":[55.4,642.2,264.4,656.7],\"text\":\"customers are recognized as they are incurred.\"}],\"order\":32,\"text\":\"Cost of license represents the cost of software from third party vendors through remarketing agreements. These\\ncosts are recognized when license revenue is recognized. Cost of support and service represents costs associated\\nwith conversion and implementation efforts, ongoing support for our in-house customers, operation of our data\\nand item centers providing services for our outsourced customers, EFT processing services and direct operating\\ncosts. These costs are recognized as they are incurred. Cost of hardware consists of the direct and related costs\\nof purchasing the equipment from the manufacturers and delivery to our customers. These costs are recognized at\\nthe same time as the related hardware revenue is recognized. Ongoing operating costs to provide support to our\\ncustomers are recognized as they are incurred.\"}],\"doc\":\"fintabnet:JKHY_2011\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Year Over Year Change\\n\\n$ Change\\n\\n% Change\\n\\nIn-House Support & Other Services $ 17,952\\n\\n7%\\n\\nEFT Support\\n\\n67,451\\n\\n45%\\n\\nOutsourcing Services\\nImplementation Services\\n\\n15,223\\n5,636\\n\\n11%\\n10%\\n\\nTotal Increase\\n\\n$ 106,262\\n\\nSupport and service revenues are generated from implementation services (including conversion, installation,\\nconfiguration and training), annual support to assist the customer in operating their systems and to enhance and\\nupdate the software, outsourced data processing services and EFT Support services.\\n\\nThere was strong growth in all support and service revenue components in fiscal 2010. In-house support and other\\nservices increased mostly as a result of the acquisition of GFSI, which added revenue of $15,527 since acquisition.\\n\\nEFT support experienced the largest percentage growth. Most of the revenue growth in EFT is attributable to the\\nacquisition of GFSI, PTSI and iPay. Combined, the acquisitions added $55,020 to this line during the current year.\\nHowever, organic revenue growth within EFT support continues to be strong with an increase of 8% over the prior\\nfiscal year.\\n\\nOutsourcing services for banks and credit unions continue to drive revenue growth as customers continue to choose\\noutsourcing for the delivery of our solutions. We expect the trend towards outsourced product delivery to benefit\\noutsourcing services revenue for the foreseeable future.\\n\\nThe increase in implementation services revenue is primarily related to the acquisition of GFSI, which added $4,452\\nin implementation revenue for the current year.\\n\\nHardware Revenue\\n\\nYear Ended June 30,\\n\\n2009\\n\\n2010\\n\\nHardware\\nPercentage of total revenue\\n\\n$\\n\\n63,857\\n8%\\n\\n% Change\\n\\n$\\n\\n72,917\\n10%\\n\\n-12%\\n\\nThe Company has entered into remarketing agreements with several hardware manufacturers under which we sell\\ncomputer hardware, hardware maintenance and related services to our customers. Revenue related to hardware\\nsales is recognized when the hardware is shipped to our customers.\\n\\nHardware revenue decreased mainly due to a decrease in the number of hardware systems and components\\ndelivered in the current year compared to a year ago. Hardware revenue has been generally commensurate with\\nthe trends in license revenue; however, while hardware revenue has benefitted from the acquisition of GFSI, it has\\nnot benefitted to the same degree as license revenue. GFSI added hardware revenue of $1,301 since its acquisition.\\n\\nCOST OF SALES AND GROSS PROFIT\\n\\nCost of license represents the cost of software from third party vendors through remarketing agreements. These\\ncosts are recognized when license revenue is recognized. Cost of support and service represents costs associated\\nwith conversion and implementation efforts, ongoing support for our in-house customers, operation of our data\\nand item centers providing services for our outsourced customers, EFT processing services and direct operating\\ncosts. These costs are recognized as they are incurred. Cost of hardware consists of the direct and related costs\\nof purchasing the equipment from the manufacturers and delivery to our customers. These costs are recognized at\\nthe same time as the related hardware revenue is recognized. Ongoing operating costs to provide support to our\\ncustomers are recognized as they are incurred.\",\"name\":\"fintabnet.JKHY_2011_page_28__72dpi_mild\",\"page_id\":\"fintabnet.JKHY_2011_page_28\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.319,\"source\":\"fintabnet\",\"source_id\":\"JKHY_2011_page_28\",\"stack\":[{\"deg\":0.319,\"op\":\"skew\"},{\"amp\":0.032,\"angle\":130.6,\"blob\":0.556,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":3.659},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[56.2,366.7,429.8,429.8],\"block_orders\":[19,20,21,22,23,24,25,26,27,28],\"cells\":null},{\"bbox\":[54.4,55.5,331.9,146.6],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12],\"cells\":null}],\"text\":\"Year Over Year Change\\n\\n$ Change\\n\\n% Change\\n\\nIn-House Support & Other Services $ 17,952\\n\\n7%\\n\\nEFT Support\\n\\n67,451\\n\\n45%\\n\\nOutsourcing Services\\nImplementation Services\\n\\n15,223\\n5,636\\n\\n11%\\n10%\\n\\nTotal Increase\\n\\n$ 106,262\\n\\nSupport and service revenues are generated from implementation services (including conversion, installation,\\nconfiguration and training), annual support to assist the customer in operating their systems and to enhance and\\nupdate the software, outsourced data processing services and EFT Support services.\\n\\nThere was strong growth in all support and service revenue components in fiscal 2010. In-house support and other\\nservices increased mostly as a result of the acquisition of GFSI, which added revenue of $15,527 since acquisition.\\n\\nEFT support experienced the largest percentage growth. Most of the revenue growth in EFT is attributable to the\\nacquisition of GFSI, PTSI and iPay. Combined, the acquisitions added $55,020 to this line during the current year.\\nHowever, organic revenue growth within EFT support continues to be strong with an increase of 8% over the prior\\nfiscal year.\\n\\nOutsourcing services for banks and credit unions continue to drive revenue growth as customers continue to choose\\noutsourcing for the delivery of our solutions. We expect the trend towards outsourced product delivery to benefit\\noutsourcing services revenue for the foreseeable future.\\n\\nThe increase in implementation services revenue is primarily related to the acquisition of GFSI, which added $4,452\\nin implementation revenue for the current year.\\n\\nHardware Revenue\\n\\nYear Ended June 30,\\n\\n2009\\n\\n2010\\n\\nHardware\\nPercentage of total revenue\\n\\n$\\n\\n63,857\\n8%\\n\\n% Change\\n\\n$\\n\\n72,917\\n10%\\n\\n-12%\\n\\nThe Company has entered into remarketing agreements with several hardware manufacturers under which we sell\\ncomputer hardware, hardware maintenance and related services to our customers. Revenue related to hardware\\nsales is recognized when the hardware is shipped to our customers.\\n\\nHardware revenue decreased mainly due to a decrease in the number of hardware systems and components\\ndelivered in the current year compared to a year ago. Hardware revenue has been generally commensurate with\\nthe trends in license revenue; however, while hardware revenue has benefitted from the acquisition of GFSI, it has\\nnot benefitted to the same degree as license revenue. GFSI added hardware revenue of $1,301 since its acquisition.\\n\\nCOST OF SALES AND GROSS PROFIT\\n\\nCost of license represents the cost of software from third party vendors through remarketing agreements. These\\ncosts are recognized when license revenue is recognized. Cost of support and service represents costs associated\\nwith conversion and implementation efforts, ongoing support for our in-house customers, operation of our data\\nand item centers providing services for our outsourced customers, EFT processing services and direct operating\\ncosts. These costs are recognized as they are incurred. Cost of hardware consists of the direct and related costs\\nof purchasing the equipment from the manufacturers and delivery to our customers. These costs are recognized at\\nthe same time as the related hardware revenue is recognized. 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"JKHY_2011_page_65\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:JKHY_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[54.0,50.6,350.9,67.2],\"lines\":[{\"bbox\":[54.0,50.6,127.6,67.2],\"text\":\"QUARTERLY\"},{\"bbox\":[130.7,50.6,195.3,67.2],\"text\":\"FINANCIAL\"},{\"bbox\":[198.5,50.6,282.2,67.2],\"text\":\"INFORMATION\"},{\"bbox\":[56.1,55.5,110.1,66.9],\"text\":\"QUARTERLY\"},{\"bbox\":[112.4,55.5,159.8,66.9],\"text\":\"FINANCIAL\"},{\"bbox\":[162.6,55.5,225.4,66.9],\"text\":\"INFORMATION\"},{\"bbox\":[227.9,50.6,350.9,67.2],\"text\":\"(unaudited) (unaudited)\"}],\"order\":0,\"text\":\"QUARTERLY\\nFINANCIAL\\nINFORMATION\\nQUARTERLY\\nFINANCIAL\\nINFORMATION\\n(unaudited) (unaudited)\"},{\"bbox\":[254.1,88.3,294.8,99.7],\"lines\":[{\"bbox\":[254.1,88.3,294.8,99.7],\"text\":\"Quarter 1\"}],\"order\":1,\"text\":\"Quarter 1\"},{\"bbox\":[56.1,111.7,143.6,168.6],\"lines\":[{\"bbox\":[56.1,111.7,97.8,123.1],\"text\":\"REVENUE\"},{\"bbox\":[61.6,123.1,92.7,134.0],\"text\":\"License\"},{\"bbox\":[61.6,134.5,140.1,145.4],\"text\":\"Support and service\"},{\"bbox\":[61.6,145.9,98.9,156.8],\"text\":\"Hardware\"},{\"bbox\":[83.6,157.3,143.6,168.6],\"text\":\"Total revenue\"}],\"order\":2,\"text\":\"REVENUE\\nLicense\\nSupport and service\\nHardware\\nTotal revenue\"},{\"bbox\":[255.5,123.1,260.4,134.0],\"lines\":[{\"bbox\":[255.5,123.1,260.4,134.0],\"text\":\"$\"}],\"order\":3,\"text\":\"$\"},{\"bbox\":[309.1,76.3,459.8,99.7],\"lines\":[{\"bbox\":[313.2,76.3,458.4,87.7],\"text\":\"For the Year Ended June 30, 2011\"},{\"bbox\":[309.1,88.3,349.8,99.7],\"text\":\"Quarter 2\"},{\"bbox\":[364.1,88.3,404.8,99.7],\"text\":\"Quarter 3\"},{\"bbox\":[419.1,88.3,459.8,99.7],\"text\":\"Quarter 4\"}],\"order\":4,\"text\":\"For the Year Ended June 30, 2011\\nQuarter 2\\nQuarter 3\\nQuarter 4\"},{\"bbox\":[483.7,88.3,505.4,99.7],\"lines\":[{\"bbox\":[483.7,88.3,505.4,99.7],\"text\":\"Total\"}],\"order\":5,\"text\":\"Total\"},{\"bbox\":[261.7,123.1,293.4,168.6],\"lines\":[{\"bbox\":[271.3,123.1,293.4,134.0],\"text\":\"9,459\"},{\"bbox\":[261.7,134.5,293.4,145.4],\"text\":\"210,610\"},{\"bbox\":[266.5,145.9,293.4,156.8],\"text\":\"14,753\"},{\"bbox\":[261.7,157.3,293.4,168.6],\"text\":\"234,822\"}],\"order\":6,\"text\":\"9,459\\n210,610\\n14,753\\n234,822\"},{\"bbox\":[310.5,123.1,348.4,168.6],\"lines\":[{\"bbox\":[310.5,123.1,348.4,134.0],\"text\":\"$ 15,460\"},{\"bbox\":[316.7,134.5,348.4,145.4],\"text\":\"212,378\"},{\"bbox\":[321.5,145.9,348.4,156.8],\"text\":\"14,797\"},{\"bbox\":[316.7,157.3,348.4,168.6],\"text\":\"242,635\"}],\"order\":7,\"text\":\"$ 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"JPM_2008_page_172\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:JPM_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[225.4,125.8,1214.5,177.3],\"lines\":[{\"bbox\":[225.4,125.8,1214.5,177.3],\"text\":\"Notes to consolidated financial statements\"}],\"order\":0,\"text\":\"Notes to consolidated financial statements\"},{\"bbox\":[225.0,300.0,878.9,348.4],\"lines\":[{\"bbox\":[225.0,300.0,878.9,348.4],\"text\":\"Note 11 – Noninterest expense\"}],\"order\":1,\"text\":\"Note 11 – Noninterest expense\"},{\"bbox\":[225.0,376.1,2175.3,612.4],\"lines\":[{\"bbox\":[225.0,376.1,429.8,412.3],\"text\":\"Merger costs\"},{\"bbox\":[225.0,426.1,2175.3,462.3],\"text\":\"Costs associated with the Bear Stearns merger and the Washington Mutual transaction in 2008, the 2004 merger with Bank One Corporation,\"},{\"bbox\":[225.0,476.1,2140.7,512.3],\"text\":\"and The Bank of New York, Inc. (“The Bank of New York”) transaction in 2006 are reflected in the merger costs caption of the Consolidated\"},{\"bbox\":[225.0,526.1,2089.0,562.3],\"text\":\"Statements of Income. For a further discussion of the Bear Stearns merger and the Washington Mutual transaction, see Note 2 on pages\"},{\"bbox\":[225.0,576.1,1586.9,612.4],\"text\":\"135–140 of this Annual Report. A summary of merger-related costs is shown in the following table.\"}],\"order\":2,\"text\":\"Merger costs\\nCosts associated with the Bear Stearns merger and the Washington Mutual transaction in 2008, the 2004 merger with Bank One Corporation,\\nand The Bank of New York, Inc. (“The Bank of New York”) transaction in 2006 are reflected in the merger costs caption of the Consolidated\\nStatements of Income. For a further discussion of the Bear Stearns merger and the Washington Mutual transaction, see Note 2 on pages\\n135–140 of this Annual Report. A summary of merger-related costs is shown in the following table.\"},{\"bbox\":[1353.6,670.3,1425.5,702.5],\"lines\":[{\"bbox\":[1353.6,670.3,1425.5,702.5],\"text\":\"2008\"}],\"order\":3,\"text\":\"2008\"},{\"bbox\":[225.0,729.7,716.6,761.9],\"lines\":[{\"bbox\":[225.0,729.7,716.6,761.9],\"text\":\"Year ended December 31, (in millions)\"}],\"order\":4,\"text\":\"Year ended December 31, (in millions)\"},{\"bbox\":[225.0,789.1,777.9,992.1],\"lines\":[{\"bbox\":[225.0,789.1,483.9,821.3],\"text\":\"Expense category\"},{\"bbox\":[225.0,831.8,408.5,864.0],\"text\":\"Compensation\"},{\"bbox\":[225.0,874.5,361.6,906.7],\"text\":\"Occupancy\"},{\"bbox\":[225.0,917.2,777.9,949.4],\"text\":\"Technology and communications and other\"},{\"bbox\":[225.0,959.9,662.5,992.1],\"text\":\"The Bank of New York transaction\"}],\"order\":5,\"text\":\"Expense category\\nCompensation\\nOccupancy\\nTechnology and communications and other\\nThe Bank of New York transaction\"},{\"bbox\":[225.0,1010.0,326.1,1049.4],\"lines\":[{\"bbox\":[225.0,1010.0,326.1,1049.4],\"text\":\"Total (a)\"}],\"order\":6,\"text\":\"Total (a)\"},{\"bbox\":[1000.2,729.7,1161.6,761.9],\"lines\":[{\"bbox\":[1000.2,729.7,1161.6,761.9],\"text\":\"Bear Stearns\"}],\"order\":7,\"text\":\"Bear Stearns\"},{\"bbox\":[1287.5,729.7,1540.0,761.9],\"lines\":[{\"bbox\":[1287.5,729.7,1540.0,761.9],\"text\":\"Washington Mutual\"}],\"order\":8,\"text\":\"Washington Mutual\"},{\"bbox\":[1909.3,722.4,2005.5,761.9],\"lines\":[{\"bbox\":[1909.3,722.4,2005.5,761.9],\"text\":\"2007 (b)\"}],\"order\":9,\"text\":\"2007 (b)\"},{\"bbox\":[1661.0,729.7,1723.5,761.9],\"lines\":[{\"bbox\":[1661.0,729.7,1723.5,761.9],\"text\":\"Total\"}],\"order\":10,\"text\":\"Total\"},{\"bbox\":[1018.0,831.8,1035.4,864.0],\"lines\":[{\"bbox\":[1018.0,831.8,1035.4,864.0],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[1073.1,831.8,1126.8,992.1],\"lines\":[{\"bbox\":[1073.1,831.8,1126.8,864.0],\"text\":\"181\"},{\"bbox\":[1091.3,874.5,1126.8,906.7],\"text\":\"42\"},{\"bbox\":[1091.3,917.2,1126.8,949.4],\"text\":\"85\"},{\"bbox\":[1093.5,959.9,1126.8,992.1],\"text\":\"—\"}],\"order\":12,\"text\":\"181\\n42\\n85\\n—\"},{\"bbox\":[1320.3,831.8,1337.6,864.0],\"lines\":[{\"bbox\":[1320.3,831.8,1337.6,864.0],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[1381.5,831.8,1435.2,992.1],\"lines\":[{\"bbox\":[1381.5,831.8,1435.2,864.0],\"text\":\"113\"},{\"bbox\":[1401.8,874.5,1435.2,906.7],\"text\":\"—\"},{\"bbox\":[1399.7,917.2,1435.2,949.4],\"text\":\"11\"},{\"bbox\":[1401.9,959.9,1435.2,992.1],\"text\":\"—\"}],\"order\":14,\"text\":\"113\\n—\\n11\\n—\"},{\"bbox\":[1620.3,831.8,1637.6,864.0],\"lines\":[{\"bbox\":[1620.3,831.8,1637.6,864.0],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[1674.3,831.8,1728.1,992.1],\"lines\":[{\"bbox\":[1674.3,831.8,1728.1,864.0],\"text\":\"294\"},{\"bbox\":[1692.5,874.5,1728.0,906.7],\"text\":\"42\"},{\"bbox\":[1692.5,917.2,1728.0,949.4],\"text\":\"96\"},{\"bbox\":[1694.7,959.9,1728.0,992.1],\"text\":\"—\"}],\"order\":16,\"text\":\"294\\n42\\n96\\n—\"},{\"bbox\":[1878.3,831.8,1894.3,864.0],\"lines\":[{\"bbox\":[1878.3,831.8,1894.3,864.0],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[1925.6,831.8,1984.6,992.1],\"lines\":[{\"bbox\":[1932.9,831.8,1984.6,864.0],\"text\":\"(19)\"},{\"bbox\":[1942.4,874.5,1975.2,906.7],\"text\":\"17\"},{\"bbox\":[1925.6,917.2,1975.2,949.4],\"text\":\"188\"},{\"bbox\":[1942.4,959.9,1975.2,992.1],\"text\":\"23\"}],\"order\":18,\"text\":\"(19)\\n17\\n188\\n23\"},{\"bbox\":[1018.0,1017.2,1035.3,1049.4],\"lines\":[{\"bbox\":[1018.0,1017.2,1035.3,1049.4],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[1073.1,1017.2,1126.8,1049.4],\"lines\":[{\"bbox\":[1073.1,1017.2,1126.8,1049.4],\"text\":\"308\"}],\"order\":20,\"text\":\"308\"},{\"bbox\":[1320.3,1017.2,1337.6,1049.4],\"lines\":[{\"bbox\":[1320.3,1017.2,1337.6,1049.4],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[1381.5,1017.2,1435.2,1049.4],\"lines\":[{\"bbox\":[1381.5,1017.2,1435.2,1049.4],\"text\":\"124\"}],\"order\":22,\"text\":\"124\"},{\"bbox\":[1620.3,1017.2,1637.6,1049.4],\"lines\":[{\"bbox\":[1620.3,1017.2,1637.6,1049.4],\"text\":\"$\"}],\"order\":23,\"text\":\"$\"},{\"bbox\":[1674.3,1017.2,1728.0,1049.4],\"lines\":[{\"bbox\":[1674.3,1017.2,1728.0,1049.4],\"text\":\"432\"}],\"order\":24,\"text\":\"432\"},{\"bbox\":[1878.3,1017.2,1975.2,1049.4],\"lines\":[{\"bbox\":[1878.3,1017.2,1975.2,1049.4],\"text\":\"$ 209\"}],\"order\":25,\"text\":\"$ 209\"},{\"bbox\":[2124.4,722.4,2220.7,761.9],\"lines\":[{\"bbox\":[2124.4,722.4,2220.7,761.9],\"text\":\"2006 (b)\"}],\"order\":26,\"text\":\"2006 (b)\"},{\"bbox\":[2094.1,831.8,2110.1,864.0],\"lines\":[{\"bbox\":[2094.1,831.8,2110.1,864.0],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[2140.1,831.8,2189.7,992.1],\"lines\":[{\"bbox\":[2156.9,831.8,2189.7,864.0],\"text\":\"26\"},{\"bbox\":[2156.9,874.5,2189.7,906.7],\"text\":\"25\"},{\"bbox\":[2140.1,917.2,2189.7,949.4],\"text\":\"239\"},{\"bbox\":[2156.9,959.9,2189.7,992.1],\"text\":\"15\"}],\"order\":28,\"text\":\"26\\n25\\n239\\n15\"},{\"bbox\":[2094.1,1017.2,2189.7,1049.4],\"lines\":[{\"bbox\":[2094.1,1017.2,2189.7,1049.4],\"text\":\"$ 305\"}],\"order\":29,\"text\":\"$ 305\"},{\"bbox\":[225.6,1080.8,1630.4,1142.3],\"lines\":[{\"bbox\":[225.6,1080.8,1630.4,1109.0],\"text\":\"(a) With the exception of occupancy and technology-related write-offs, all of the costs in the table required the expenditure of cash.\"},{\"bbox\":[225.6,1114.1,1537.1,1142.3],\"text\":\"(b) The 2007 and 2006 activity reflect the 2004 merger with Bank One Corporation and the Bank of New York transaction.\"}],\"order\":30,\"text\":\"(a) With the exception of occupancy and technology-related write-offs, all of the costs in the table required the expenditure of cash.\\n(b) The 2007 and 2006 activity reflect the 2004 merger with Bank One Corporation and the Bank of New York transaction.\"},{\"bbox\":[225.0,1191.2,1847.6,1227.5],\"lines\":[{\"bbox\":[225.0,1191.2,1847.6,1227.5],\"text\":\"The table below shows the change in the merger reserve balance related to the costs associated with the transactions.\"}],\"order\":31,\"text\":\"The table below shows the change in the merger reserve balance related to the costs associated with the transactions.\"},{\"bbox\":[1353.6,1262.1,1425.5,1294.3],\"lines\":[{\"bbox\":[1353.6,1262.1,1425.5,1294.3],\"text\":\"2008\"}],\"order\":32,\"text\":\"2008\"},{\"bbox\":[1661.0,1321.5,1723.5,1353.7],\"lines\":[{\"bbox\":[1661.0,1321.5,1723.5,1353.7],\"text\":\"Total\"}],\"order\":33,\"text\":\"Total\"},{\"bbox\":[1911.8,1314.2,2007.5,1353.7],\"lines\":[{\"bbox\":[1911.8,1314.2,2007.5,1353.7],\"text\":\"2007 (a)\"}],\"order\":34,\"text\":\"2007 (a)\"},{\"bbox\":[2123.3,1314.2,2219.1,1353.7],\"lines\":[{\"bbox\":[2123.3,1314.2,2219.1,1353.7],\"text\":\"2006 (a)\"}],\"order\":35,\"text\":\"2006 (a)\"},{\"bbox\":[1635.9,1380.8,1738.8,1541.2],\"lines\":[{\"bbox\":[1694.7,1380.8,1728.0,1413.0],\"text\":\"—\"},{\"bbox\":[1674.3,1423.6,1728.1,1455.8],\"text\":\"432\"},{\"bbox\":[1646.6,1466.3,1728.0,1498.5],\"text\":\"1,547\"},{\"bbox\":[1635.9,1509.0,1738.8,1541.2],\"text\":\"(1,211)\"}],\"order\":36,\"text\":\"—\\n432\\n1,547\\n(1,211)\"},{\"bbox\":[1878.3,1380.8,1984.6,1541.2],\"lines\":[{\"bbox\":[1878.3,1380.8,1975.2,1413.0],\"text\":\"$ 155\"},{\"bbox\":[1925.6,1423.6,1975.2,1455.8],\"text\":\"186\"},{\"bbox\":[1932.9,1466.3,1984.6,1498.5],\"text\":\"(60)\"},{\"bbox\":[1916.1,1509.0,1984.6,1541.2],\"text\":\"(281)\"}],\"order\":37,\"text\":\"$ 155\\n186\\n(60)\\n(281)\"},{\"bbox\":[2094.1,1380.8,2196.7,1541.2],\"lines\":[{\"bbox\":[2094.1,1380.8,2187.3,1413.0],\"text\":\"$ 311\"},{\"bbox\":[2137.7,1423.6,2187.3,1455.8],\"text\":\"290\"},{\"bbox\":[2154.0,1466.3,2187.3,1498.5],\"text\":\"—\"},{\"bbox\":[2128.3,1509.0,2196.7,1541.2],\"text\":\"(446)\"}],\"order\":38,\"text\":\"$ 311\\n290\\n—\\n(446)\"},{\"bbox\":[1620.3,1566.3,1637.6,1598.5],\"lines\":[{\"bbox\":[1620.3,1566.3,1637.6,1598.5],\"text\":\"$\"}],\"order\":39,\"text\":\"$\"},{\"bbox\":[1878.3,1566.3,1894.3,1598.5],\"lines\":[{\"bbox\":[1878.3,1566.3,1894.3,1598.5],\"text\":\"$\"}],\"order\":40,\"text\":\"$\"},{\"bbox\":[1941.8,1559.0,2005.1,1598.5],\"lines\":[{\"bbox\":[1941.8,1559.0,2005.1,1598.5],\"text\":\"— (b)\"}],\"order\":41,\"text\":\"— (b)\"},{\"bbox\":[2094.1,1559.0,2217.2,1598.5],\"lines\":[{\"bbox\":[2094.1,1559.0,2217.2,1598.5],\"text\":\"$ 155 (b)\"}],\"order\":42,\"text\":\"$ 155 (b)\"},{\"bbox\":[225.0,1321.5,716.6,1353.7],\"lines\":[{\"bbox\":[225.0,1321.5,716.6,1353.7],\"text\":\"Year ended December 31, (in millions)\"}],\"order\":43,\"text\":\"Year ended December 31, (in millions)\"},{\"bbox\":[1000.2,1321.5,1161.6,1353.7],\"lines\":[{\"bbox\":[1000.2,1321.5,1161.6,1353.7],\"text\":\"Bear Stearns\"}],\"order\":44,\"text\":\"Bear Stearns\"},{\"bbox\":[225.0,1380.8,795.5,1541.2],\"lines\":[{\"bbox\":[225.0,1380.8,795.5,1413.0],\"text\":\"Merger reserve balance, beginning of period\"},{\"bbox\":[225.0,1423.6,554.9,1455.8],\"text\":\"Recorded as merger costs\"},{\"bbox\":[225.0,1466.3,625.0,1498.5],\"text\":\"Included in net assets acquired\"},{\"bbox\":[225.0,1509.0,591.7,1541.2],\"text\":\"Utilization of merger reserve\"}],\"order\":45,\"text\":\"Merger reserve balance, beginning of period\\nRecorded as merger costs\\nIncluded in net assets acquired\\nUtilization of merger reserve\"},{\"bbox\":[1018.0,1380.8,1035.4,1413.0],\"lines\":[{\"bbox\":[1018.0,1380.8,1035.4,1413.0],\"text\":\"$\"}],\"order\":46,\"text\":\"$\"},{\"bbox\":[1034.7,1380.8,1137.6,1541.2],\"lines\":[{\"bbox\":[1093.5,1380.8,1126.8,1413.0],\"text\":\"—\"},{\"bbox\":[1073.1,1423.6,1126.8,1455.8],\"text\":\"308\"},{\"bbox\":[1045.4,1466.3,1126.8,1498.5],\"text\":\"1,112\"},{\"bbox\":[1034.7,1509.0,1137.6,1541.2],\"text\":\"(1,093)\"}],\"order\":47,\"text\":\"—\\n308\\n1,112\\n(1,093)\"},{\"bbox\":[1320.3,1380.8,1337.6,1413.0],\"lines\":[{\"bbox\":[1320.3,1380.8,1337.6,1413.0],\"text\":\"$\"}],\"order\":48,\"text\":\"$\"},{\"bbox\":[1370.8,1380.8,1445.9,1541.2],\"lines\":[{\"bbox\":[1401.8,1380.8,1435.2,1413.0],\"text\":\"—\"},{\"bbox\":[1381.5,1423.6,1435.2,1455.8],\"text\":\"124\"},{\"bbox\":[1381.5,1466.3,1435.2,1498.5],\"text\":\"435\"},{\"bbox\":[1370.8,1509.0,1445.9,1541.2],\"text\":\"(118)\"}],\"order\":49,\"text\":\"—\\n124\\n435\\n(118)\"},{\"bbox\":[1620.3,1380.8,1637.6,1413.0],\"lines\":[{\"bbox\":[1620.3,1380.8,1637.6,1413.0],\"text\":\"$\"}],\"order\":50,\"text\":\"$\"},{\"bbox\":[225.0,1566.3,793.8,1598.5],\"lines\":[{\"bbox\":[225.0,1566.3,793.8,1598.5],\"text\":\"Merger reserve balance, end of period\"}],\"order\":51,\"text\":\"Merger reserve balance, end of period\"},{\"bbox\":[1018.0,1566.3,1035.3,1598.5],\"lines\":[{\"bbox\":[1018.0,1566.3,1035.3,1598.5],\"text\":\"$\"}],\"order\":52,\"text\":\"$\"},{\"bbox\":[1320.2,1566.3,1337.6,1598.5],\"lines\":[{\"bbox\":[1320.2,1566.3,1337.6,1598.5],\"text\":\"$\"}],\"order\":53,\"text\":\"$\"},{\"bbox\":[1381.4,1566.3,1435.2,1598.5],\"lines\":[{\"bbox\":[1381.4,1566.3,1435.2,1598.5],\"text\":\"441\"}],\"order\":54,\"text\":\"441\"},{\"bbox\":[1073.1,1566.3,1126.8,1598.5],\"lines\":[{\"bbox\":[1073.1,1566.3,1126.8,1598.5],\"text\":\"327\"}],\"order\":55,\"text\":\"327\"},{\"bbox\":[1287.5,1321.5,1540.0,1353.7],\"lines\":[{\"bbox\":[1287.5,1321.5,1540.0,1353.7],\"text\":\"Washington Mutual\"}],\"order\":56,\"text\":\"Washington Mutual\"},{\"bbox\":[1674.3,1566.3,1728.0,1598.5],\"lines\":[{\"bbox\":[1674.3,1566.3,1728.0,1598.5],\"text\":\"768\"}],\"order\":57,\"text\":\"768\"},{\"bbox\":[225.6,1629.8,1639.5,1691.4],\"lines\":[{\"bbox\":[225.6,1629.8,1124.1,1658.0],\"text\":\"(a) The 2007 and 2006 activity reflect the 2004 merger with Bank One Corporation.\"},{\"bbox\":[225.6,1663.2,1639.5,1691.4],\"text\":\"(b) Excludes $10 million and $21 million at December 31, 2007 and 2006, respectively, related to the Bank of New York transaction.\"}],\"order\":58,\"text\":\"(a) The 2007 and 2006 activity reflect the 2004 merger with Bank One Corporation.\\n(b) Excludes $10 million and $21 million at December 31, 2007 and 2006, respectively, related to the Bank of New York transaction.\"},{\"bbox\":[225.0,1793.3,650.4,1841.6],\"lines\":[{\"bbox\":[225.0,1793.3,650.4,1841.6],\"text\":\"Note 12 – Securities\"}],\"order\":59,\"text\":\"Note 12 – Securities\"},{\"bbox\":[225.0,1865.3,1171.3,2501.6],\"lines\":[{\"bbox\":[225.0,1865.3,1171.3,1901.5],\"text\":\"Securities are classified as AFS, held-to-maturity (“HTM”) or trading.\"},{\"bbox\":[225.0,1915.3,1169.7,1951.5],\"text\":\"Trading securities are discussed in Note 6 on pages 158–160 of this\"},{\"bbox\":[225.0,1965.3,1151.6,2001.5],\"text\":\"Annual Report. Securities are classified primarily as AFS when used\"},{\"bbox\":[225.0,2015.3,1148.2,2051.5],\"text\":\"to manage the Firm’s exposure to interest rate movements, as well\"},{\"bbox\":[225.0,2065.3,1169.2,2101.5],\"text\":\"as to make strategic longer-term investments. AFS securities are car-\"},{\"bbox\":[225.0,2115.3,1123.5,2151.5],\"text\":\"ried at fair value on the Consolidated Balance Sheets. Unrealized\"},{\"bbox\":[225.0,2165.3,1138.7,2201.5],\"text\":\"gains and losses, after any applicable SFAS 133 hedge accounting\"},{\"bbox\":[225.0,2215.3,1157.7,2251.5],\"text\":\"adjustments, are reported as net increases or decreases to accumu-\"},{\"bbox\":[225.0,2265.3,1147.5,2301.5],\"text\":\"lated other comprehensive income (loss). The specific identification\"},{\"bbox\":[225.0,2315.3,1165.1,2351.6],\"text\":\"method is used to determine realized gains and losses on AFS secu-\"},{\"bbox\":[225.0,2365.3,1036.2,2401.6],\"text\":\"rities, which are included in securities gains (losses) on the\"},{\"bbox\":[225.0,2415.3,1165.6,2451.6],\"text\":\"Consolidated Statements of Income. Securities that the Firm has the\"},{\"bbox\":[225.0,2465.3,1150.4,2501.6],\"text\":\"positive intent and ability to hold to maturity are classified as HTM\"}],\"order\":60,\"text\":\"Securities are classified as AFS, held-to-maturity (“HTM”) or trading.\\nTrading securities are discussed in Note 6 on pages 158–160 of this\\nAnnual Report. Securities are classified primarily as AFS when used\\nto manage the Firm’s exposure to interest rate movements, as well\\nas to make strategic longer-term investments. AFS securities are car-\\nried at fair value on the Consolidated Balance Sheets. Unrealized\\ngains and losses, after any applicable SFAS 133 hedge accounting\\nadjustments, are reported as net increases or decreases to accumu-\\nlated other comprehensive income (loss). The specific identification\\nmethod is used to determine realized gains and losses on AFS secu-\\nrities, which are included in securities gains (losses) on the\\nConsolidated Statements of Income. Securities that the Firm has the\\npositive intent and ability to hold to maturity are classified as HTM\"},{\"bbox\":[225.4,3113.6,268.8,3141.8],\"lines\":[{\"bbox\":[225.4,3113.6,268.8,3141.8],\"text\":\"170\"}],\"order\":61,\"text\":\"170\"},{\"bbox\":[1273.5,1793.3,2175.1,1929.5],\"lines\":[{\"bbox\":[1273.5,1793.3,2141.4,1829.5],\"text\":\"and are carried at amortized cost on the Consolidated Balance\"},{\"bbox\":[1273.5,1843.3,2175.1,1879.5],\"text\":\"Sheets. The Firm has not classified new purchases of securities as\"},{\"bbox\":[1273.5,1893.3,1703.4,1929.5],\"text\":\"HTM for the past several years.\"}],\"order\":62,\"text\":\"and are carried at amortized cost on the Consolidated Balance\\nSheets. The Firm has not classified new purchases of securities as\\nHTM for the past several years.\"},{\"bbox\":[1273.5,1968.3,2141.8,2054.5],\"lines\":[{\"bbox\":[1273.5,1968.3,2141.8,2004.5],\"text\":\"The following table presents realized gains and losses from AFS\"},{\"bbox\":[1273.5,2018.3,1406.8,2054.5],\"text\":\"securities.\"}],\"order\":63,\"text\":\"The following table presents realized gains and losses from AFS\\nsecurities.\"},{\"bbox\":[1273.5,2089.2,1605.6,2164.1],\"lines\":[{\"bbox\":[1273.5,2089.2,1605.6,2121.4],\"text\":\"Year ended December 31,\"},{\"bbox\":[1273.5,2131.9,1424.1,2164.1],\"text\":\"(in millions)\"}],\"order\":64,\"text\":\"Year ended December 31,\\n(in millions)\"},{\"bbox\":[1786.5,2131.9,1858.4,2164.1],\"lines\":[{\"bbox\":[1786.5,2131.9,1858.4,2164.1],\"text\":\"2008\"}],\"order\":65,\"text\":\"2008\"},{\"bbox\":[1967.3,2131.9,2033.7,2164.1],\"lines\":[{\"bbox\":[1967.3,2131.9,2033.7,2164.1],\"text\":\"2007\"}],\"order\":66,\"text\":\"2007\"},{\"bbox\":[1273.5,2191.3,1466.3,2266.2],\"lines\":[{\"bbox\":[1273.5,2191.3,1458.0,2223.5],\"text\":\"Realized gains\"},{\"bbox\":[1273.5,2234.0,1466.3,2266.2],\"text\":\"Realized losses\"}],\"order\":67,\"text\":\"Realized gains\\nRealized losses\"},{\"bbox\":[1752.9,2191.3,1899.1,2266.2],\"lines\":[{\"bbox\":[1752.9,2191.3,1858.4,2223.5],\"text\":\"$ 1,890\"},{\"bbox\":[1793.9,2226.7,1899.1,2266.2],\"text\":\"(330) (b)\"}],\"order\":68,\"text\":\"$ 1,890\\n(330) (b)\"},{\"bbox\":[1947.5,2191.3,2043.1,2266.2],\"lines\":[{\"bbox\":[1947.5,2191.3,2033.7,2223.5],\"text\":\"$ 667\"},{\"bbox\":[1974.7,2234.0,2043.1,2266.2],\"text\":\"(503)\"}],\"order\":69,\"text\":\"$ 667\\n(503)\"},{\"bbox\":[2104.1,2191.3,2120.1,2223.5],\"lines\":[{\"bbox\":[2104.1,2191.3,2120.1,2223.5],\"text\":\"$\"}],\"order\":70,\"text\":\"$\"},{\"bbox\":[2145.5,2131.9,2211.9,2164.1],\"lines\":[{\"bbox\":[2145.5,2131.9,2211.9,2164.1],\"text\":\"2006\"}],\"order\":71,\"text\":\"2006\"},{\"bbox\":[1273.5,2291.3,1574.0,2366.2],\"lines\":[{\"bbox\":[1273.5,2291.3,1574.0,2323.5],\"text\":\"Net realized securities\"},{\"bbox\":[1300.5,2326.7,1509.1,2366.2],\"text\":\"gains (losses) (a)\"}],\"order\":72,\"text\":\"Net realized securities\\ngains (losses) (a)\"},{\"bbox\":[1752.8,2334.0,1858.4,2366.2],\"lines\":[{\"bbox\":[1752.8,2334.0,1858.4,2366.2],\"text\":\"$ 1,560\"}],\"order\":73,\"text\":\"$ 1,560\"},{\"bbox\":[1947.5,2334.0,2033.7,2366.2],\"lines\":[{\"bbox\":[1947.5,2334.0,2033.7,2366.2],\"text\":\"$ 164\"}],\"order\":74,\"text\":\"$ 164\"},{\"bbox\":[2104.1,2334.0,2221.3,2366.2],\"lines\":[{\"bbox\":[2104.1,2334.0,2221.3,2366.2],\"text\":\"$ (543)\"}],\"order\":75,\"text\":\"$ (543)\"},{\"bbox\":[2152.9,2191.3,2221.3,2266.2],\"lines\":[{\"bbox\":[2162.3,2191.3,2211.9,2223.5],\"text\":\"399\"},{\"bbox\":[2152.9,2234.0,2221.3,2266.2],\"text\":\"(942)\"}],\"order\":76,\"text\":\"399\\n(942)\"},{\"bbox\":[1274.1,2397.5,2196.4,2492.4],\"lines\":[{\"bbox\":[1274.1,2397.5,2153.2,2425.7],\"text\":\"(a) Proceeds from securities sold were within approximately 2% of amortized cost.\"},{\"bbox\":[1274.1,2430.9,2196.4,2459.1],\"text\":\"(b) 2008 includes $76 million of losses due to the other-than-temporary impairment of\"},{\"bbox\":[1310.0,2464.2,1711.5,2492.4],\"text\":\"subprime mortgage-backed securities.\"}],\"order\":77,\"text\":\"(a) Proceeds from securities sold were within approximately 2% of amortized cost.\\n(b) 2008 includes $76 million of losses due to the other-than-temporary impairment of\\nsubprime mortgage-backed securities.\"},{\"bbox\":[1708.3,3113.6,2226.8,3141.8],\"lines\":[{\"bbox\":[1708.3,3113.6,2226.8,3141.8],\"text\":\"JPMorgan Chase & Co. / 2008 Annual Report\"}],\"order\":78,\"text\":\"JPMorgan Chase & Co. / 2008 Annual Report\"}],\"doc\":\"fintabnet:JPM_2008\",\"dpi\":300,\"image_px\":[2400,3263],\"layout\":[],\"markdown\":\"Notes to consolidated financial statements\\n\\nNote 11 – Noninterest expense\\n\\nMerger costs\\nCosts associated with the Bear Stearns merger and the Washington Mutual transaction in 2008, the 2004 merger with Bank One Corporation,\\nand The Bank of New York, Inc. (“The Bank of New York”) transaction in 2006 are reflected in the merger costs caption of the Consolidated\\nStatements of Income. For a further discussion of the Bear Stearns merger and the Washington Mutual transaction, see Note 2 on pages\\n135–140 of this Annual Report. A summary of merger-related costs is shown in the following table.\\n\\n2008\\n\\nYear ended December 31, (in millions)\\n\\nExpense category\\nCompensation\\nOccupancy\\nTechnology and communications and other\\nThe Bank of New York transaction\\n\\nTotal (a)\\n\\nBear Stearns\\n\\nWashington Mutual\\n\\n2007 (b)\\n\\nTotal\\n\\n$\\n\\n181\\n42\\n85\\n—\\n\\n$\\n\\n113\\n—\\n11\\n—\\n\\n$\\n\\n294\\n42\\n96\\n—\\n\\n$\\n\\n(19)\\n17\\n188\\n23\\n\\n$\\n\\n308\\n\\n$\\n\\n124\\n\\n$\\n\\n432\\n\\n$ 209\\n\\n2006 (b)\\n\\n$\\n\\n26\\n25\\n239\\n15\\n\\n$ 305\\n\\n(a) With the exception of occupancy and technology-related write-offs, all of the costs in the table required the expenditure of cash.\\n(b) The 2007 and 2006 activity reflect the 2004 merger with Bank One Corporation and the Bank of New York transaction.\\n\\nThe table below shows the change in the merger reserve balance related to the costs associated with the transactions.\\n\\n2008\\n\\nTotal\\n\\n2007 (a)\\n\\n2006 (a)\\n\\n—\\n432\\n1,547\\n(1,211)\\n\\n$ 155\\n186\\n(60)\\n(281)\\n\\n$ 311\\n290\\n—\\n(446)\\n\\n$\\n\\n$\\n\\n— (b)\\n\\n$ 155 (b)\\n\\nYear ended December 31, (in millions)\\n\\nBear Stearns\\n\\nMerger reserve balance, beginning of period\\nRecorded as merger costs\\nIncluded in net assets acquired\\nUtilization of merger reserve\\n\\n$\\n\\n—\\n308\\n1,112\\n(1,093)\\n\\n$\\n\\n—\\n124\\n435\\n(118)\\n\\n$\\n\\nMerger reserve balance, end of period\\n\\n$\\n\\n$\\n\\n441\\n\\n327\\n\\nWashington Mutual\\n\\n768\\n\\n(a) The 2007 and 2006 activity reflect the 2004 merger with Bank One Corporation.\\n(b) Excludes $10 million and $21 million at December 31, 2007 and 2006, respectively, related to the Bank of New York transaction.\\n\\nNote 12 – Securities\\n\\nSecurities are classified as AFS, held-to-maturity (“HTM”) or trading.\\nTrading securities are discussed in Note 6 on pages 158–160 of this\\nAnnual Report. Securities are classified primarily as AFS when used\\nto manage the Firm’s exposure to interest rate movements, as well\\nas to make strategic longer-term investments. AFS securities are car-\\nried at fair value on the Consolidated Balance Sheets. Unrealized\\ngains and losses, after any applicable SFAS 133 hedge accounting\\nadjustments, are reported as net increases or decreases to accumu-\\nlated other comprehensive income (loss). The specific identification\\nmethod is used to determine realized gains and losses on AFS secu-\\nrities, which are included in securities gains (losses) on the\\nConsolidated Statements of Income. Securities that the Firm has the\\npositive intent and ability to hold to maturity are classified as HTM\\n\\n170\\n\\nand are carried at amortized cost on the Consolidated Balance\\nSheets. The Firm has not classified new purchases of securities as\\nHTM for the past several years.\\n\\nThe following table presents realized gains and losses from AFS\\nsecurities.\\n\\nYear ended December 31,\\n(in millions)\\n\\n2008\\n\\n2007\\n\\nRealized gains\\nRealized losses\\n\\n$ 1,890\\n(330) (b)\\n\\n$ 667\\n(503)\\n\\n$\\n\\n2006\\n\\nNet realized securities\\ngains (losses) (a)\\n\\n$ 1,560\\n\\n$ 164\\n\\n$ (543)\\n\\n399\\n(942)\\n\\n(a) Proceeds from securities sold were within approximately 2% of amortized cost.\\n(b) 2008 includes $76 million of losses due to the other-than-temporary impairment of\\nsubprime mortgage-backed securities.\\n\\nJPMorgan Chase & Co. / 2008 Annual Report\",\"name\":\"fintabnet.JPM_2008_page_172__300dpi_mild\",\"page_id\":\"fintabnet.JPM_2008_page_172\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"JPM_2008_page_172\",\"stack\":[{\"op\":\"noise\",\"sigma\":3.23},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[225.0,664.0,2220.7,1050.6],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29],\"cells\":null},{\"bbox\":[225.0,1255.7,2219.1,1599.6],\"block_orders\":[32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57],\"cells\":null}],\"text\":\"Notes to consolidated financial statements\\n\\nNote 11 – Noninterest expense\\n\\nMerger costs\\nCosts associated with the Bear Stearns merger and the Washington Mutual transaction in 2008, the 2004 merger with Bank One Corporation,\\nand The Bank of New York, Inc. (“The Bank of New York”) transaction in 2006 are reflected in the merger costs caption of the Consolidated\\nStatements of Income. For a further discussion of the Bear Stearns merger and the Washington Mutual transaction, see Note 2 on pages\\n135–140 of this Annual Report. A summary of merger-related costs is shown in the following table.\\n\\n2008\\n\\nYear ended December 31, (in millions)\\n\\nExpense category\\nCompensation\\nOccupancy\\nTechnology and communications and other\\nThe Bank of New York transaction\\n\\nTotal (a)\\n\\nBear Stearns\\n\\nWashington Mutual\\n\\n2007 (b)\\n\\nTotal\\n\\n$\\n\\n181\\n42\\n85\\n—\\n\\n$\\n\\n113\\n—\\n11\\n—\\n\\n$\\n\\n294\\n42\\n96\\n—\\n\\n$\\n\\n(19)\\n17\\n188\\n23\\n\\n$\\n\\n308\\n\\n$\\n\\n124\\n\\n$\\n\\n432\\n\\n$ 209\\n\\n2006 (b)\\n\\n$\\n\\n26\\n25\\n239\\n15\\n\\n$ 305\\n\\n(a) With the exception of occupancy and technology-related write-offs, all of the costs in the table required the expenditure of cash.\\n(b) The 2007 and 2006 activity reflect the 2004 merger with Bank One Corporation and the Bank of New York transaction.\\n\\nThe table below shows the change in the merger reserve balance related to the costs associated with the transactions.\\n\\n2008\\n\\nTotal\\n\\n2007 (a)\\n\\n2006 (a)\\n\\n—\\n432\\n1,547\\n(1,211)\\n\\n$ 155\\n186\\n(60)\\n(281)\\n\\n$ 311\\n290\\n—\\n(446)\\n\\n$\\n\\n$\\n\\n— (b)\\n\\n$ 155 (b)\\n\\nYear ended December 31, (in millions)\\n\\nBear Stearns\\n\\nMerger reserve balance, beginning of period\\nRecorded as merger costs\\nIncluded in net assets acquired\\nUtilization of merger reserve\\n\\n$\\n\\n—\\n308\\n1,112\\n(1,093)\\n\\n$\\n\\n—\\n124\\n435\\n(118)\\n\\n$\\n\\nMerger reserve balance, end of period\\n\\n$\\n\\n$\\n\\n441\\n\\n327\\n\\nWashington Mutual\\n\\n768\\n\\n(a) The 2007 and 2006 activity reflect the 2004 merger with Bank One Corporation.\\n(b) Excludes $10 million and $21 million at December 31, 2007 and 2006, respectively, related to the Bank of New York transaction.\\n\\nNote 12 – Securities\\n\\nSecurities are classified as AFS, held-to-maturity (“HTM”) or trading.\\nTrading securities are discussed in Note 6 on pages 158–160 of this\\nAnnual Report. Securities are classified primarily as AFS when used\\nto manage the Firm’s exposure to interest rate movements, as well\\nas to make strategic longer-term investments. AFS securities are car-\\nried at fair value on the Consolidated Balance Sheets. Unrealized\\ngains and losses, after any applicable SFAS 133 hedge accounting\\nadjustments, are reported as net increases or decreases to accumu-\\nlated other comprehensive income (loss). The specific identification\\nmethod is used to determine realized gains and losses on AFS secu-\\nrities, which are included in securities gains (losses) on the\\nConsolidated Statements of Income. Securities that the Firm has the\\npositive intent and ability to hold to maturity are classified as HTM\\n\\n170\\n\\nand are carried at amortized cost on the Consolidated Balance\\nSheets. The Firm has not classified new purchases of securities as\\nHTM for the past several years.\\n\\nThe following table presents realized gains and losses from AFS\\nsecurities.\\n\\nYear ended December 31,\\n(in millions)\\n\\n2008\\n\\n2007\\n\\nRealized gains\\nRealized losses\\n\\n$ 1,890\\n(330) (b)\\n\\n$ 667\\n(503)\\n\\n$\\n\\n2006\\n\\nNet realized securities\\ngains (losses) (a)\\n\\n$ 1,560\\n\\n$ 164\\n\\n$ (543)\\n\\n399\\n(942)\\n\\n(a) Proceeds from securities sold were within approximately 2% of amortized cost.\\n(b) 2008 includes $76 million of losses due to the other-than-temporary impairment of\\nsubprime mortgage-backed securities.\\n\\nJPMorgan Chase & Co. / 2008 Annual Report\"},\"name\":\"fintabnet.JPM_2008_page_172__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":2969457,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:JPM_2008\",\"dpi\":300,\"gt_sha256\":\"19e8599d1cb0ed1ac71f704cf1add02c9d9e39062925fc01c54307839b471aaf\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.JPM_2008_page_172__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.JPM_2008_page_172\",\"pdf_sha256\":\"3799310d12042ba382a1aa7e28e6aee212e93916f0cda2519223502ea7d34556\",\"px\":[2400,3263],\"scan\":{\"render\":\"1f007c007ffc204079107ff038407d5e7e607ffc7fc87ffe0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"JPM_2008_page_172\",\"src\":{\"file_sha256\":\"7c9fec98941d95163c7e39b02adffd85ea652fd19573700486845f9f66529a39\",\"render\":\"1d007c007ffc33f079547ff03bf07ffe78007ff87fce7ffe0000000000000000\",\"text\":\"6da648c8df5da10716f531eadcf9b989e3da206b4fb9264561c20fa37c67d487\"},\"stack\":[{\"op\":\"noise\",\"sigma\":3.23},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"3799310d12042ba382a1aa7e28e6aee212e93916f0cda2519223502ea7d34556\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/3799310d12042ba382a1aa7e28e6aee212e93916f0cda2519223502ea7d34556.pdf","asset_sha256":"3799310d12042ba382a1aa7e28e6aee212e93916f0cda2519223502ea7d34556","document_id":"fintabnet:JPM_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"JPM_2008_page_172\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"JPM_2008_page_213\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:JPM_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[116.5,304.6,1118.6,1531.9],\"lines\":[{\"bbox\":[116.5,306.3,1030.1,383.0],\"text\":\"JPMorgan Chase is subject to ongoing tax examinations by the tax\"},{\"bbox\":[118.8,355.4,1051.8,433.0],\"text\":\"authorities of the various jurisdictions in which it operates, including\"},{\"bbox\":[121.0,406.1,1037.2,482.9],\"text\":\"U.S. federal and state and non-U.S. jurisdictions. The Firm’s consoli-\"},{\"bbox\":[123.2,455.1,1060.9,532.9],\"text\":\"dated federal income tax returns are presently under examination by\"},{\"bbox\":[125.4,506.2,1036.3,582.8],\"text\":\"the Internal Revenue Service (“IRS”) for the years 2003, 2004 and\"},{\"bbox\":[127.6,558.1,994.5,632.8],\"text\":\"2005. The consolidated federal income tax returns of Bank One\"},{\"bbox\":[129.9,604.5,1076.7,682.7],\"text\":\"Corporation, which merged with and into JPMorgan Chase on July 1,\"},{\"bbox\":[132.1,655.2,1062.3,732.7],\"text\":\"2004, are under examination for the years 2000 through 2003, and\"},{\"bbox\":[134.3,704.5,1078.3,782.6],\"text\":\"for the period January 1, 2004, through July 1, 2004. The consolidat-\"},{\"bbox\":[136.5,756.7,1031.6,832.6],\"text\":\"ed federal income tax returns of Bear Stearns for the years ended\"},{\"bbox\":[138.8,804.1,1089.7,882.5],\"text\":\"November 30, 2003, 2004 and 2005, are also under examination. All\"},{\"bbox\":[141.0,854.6,1080.7,932.5],\"text\":\"three examinations are expected to conclude in 2009. The IRS audits\"},{\"bbox\":[143.2,906.0,1049.7,982.4],\"text\":\"of the consolidated federal income tax returns of JPMorgan Chase\"},{\"bbox\":[145.4,957.3,1021.3,1032.4],\"text\":\"for the years 2006 and 2007, and for Bear Stearns for the years\"},{\"bbox\":[147.6,1004.7,1080.8,1082.3],\"text\":\"ended November 30, 2006 and 2007, are expected to commence in\"},{\"bbox\":[149.9,1056.2,1048.5,1132.3],\"text\":\"2009. Administrative appeals are pending with the IRS relating to\"},{\"bbox\":[152.1,1105.9,1055.6,1182.2],\"text\":\"prior examination periods. For 2002 and prior years, refund claims\"},{\"bbox\":[154.3,1154.2,1095.6,1232.2],\"text\":\"relating to income and credit adjustments, and to tax attribute carry-\"},{\"bbox\":[156.5,1206.4,1048.2,1282.1],\"text\":\"backs, for JPMorgan Chase and its predecessor entities, including\"},{\"bbox\":[158.7,1254.3,1094.6,1332.1],\"text\":\"Bank One, have been filed. Amended returns to reflect refund claims\"},{\"bbox\":[161.0,1306.2,1053.6,1382.0],\"text\":\"primarily attributable to net operating losses and tax credit carry-\"},{\"bbox\":[163.2,1354.3,1097.7,1432.0],\"text\":\"backs will be filed for the final Bear Stearns federal consolidated tax\"},{\"bbox\":[165.4,1404.0,1106.2,1481.9],\"text\":\"return for the period December 1, 2007, through May 30, 2008, and\"},{\"bbox\":[167.6,1486.9,367.3,1531.9],\"text\":\"for prior years.\"}],\"order\":0,\"text\":\"JPMorgan Chase is subject to ongoing tax examinations by the tax\\nauthorities of the various jurisdictions in which it operates, including\\nU.S. federal and state and non-U.S. jurisdictions. The Firm’s consoli-\\ndated federal income tax returns are presently under examination by\\nthe Internal Revenue Service (“IRS”) for the years 2003, 2004 and\\n2005. The consolidated federal income tax returns of Bank One\\nCorporation, which merged with and into JPMorgan Chase on July 1,\\n2004, are under examination for the years 2000 through 2003, and\\nfor the period January 1, 2004, through July 1, 2004. The consolidat-\\ned federal income tax returns of Bear Stearns for the years ended\\nNovember 30, 2003, 2004 and 2005, are also under examination. All\\nthree examinations are expected to conclude in 2009. The IRS audits\\nof the consolidated federal income tax returns of JPMorgan Chase\\nfor the years 2006 and 2007, and for Bear Stearns for the years\\nended November 30, 2006 and 2007, are expected to commence in\\n2009. Administrative appeals are pending with the IRS relating to\\nprior examination periods. For 2002 and prior years, refund claims\\nrelating to income and credit adjustments, and to tax attribute carry-\\nbacks, for JPMorgan Chase and its predecessor entities, including\\nBank One, have been filed. Amended returns to reflect refund claims\\nprimarily attributable to net operating losses and tax credit carry-\\nbacks will be filed for the final Bear Stearns federal consolidated tax\\nreturn for the period December 1, 2007, through May 30, 2008, and\\nfor prior years.\"},{\"bbox\":[171.0,1528.4,1123.6,1656.7],\"lines\":[{\"bbox\":[171.0,1532.2,1037.2,1606.8],\"text\":\"The following table presents the U.S. and non-U.S. components of\"},{\"bbox\":[173.2,1578.4,1123.6,1656.7],\"text\":\"income from continuing operations before income tax expense (benefit).\"}],\"order\":1,\"text\":\"The following table presents the U.S. and non-U.S. components of\\nincome from continuing operations before income tax expense (benefit).\"},{\"bbox\":[176.3,1669.5,669.1,1723.5],\"lines\":[{\"bbox\":[176.3,1669.5,669.1,1723.5],\"text\":\"Year ended December 31, (in millions)\"}],\"order\":2,\"text\":\"Year ended December 31, (in millions)\"},{\"bbox\":[742.6,1663.0,815.9,1698.3],\"lines\":[{\"bbox\":[742.6,1663.0,815.9,1698.3],\"text\":\"2008\"}],\"order\":3,\"text\":\"2008\"},{\"bbox\":[898.1,1656.3,965.9,1691.4],\"lines\":[{\"bbox\":[898.1,1656.3,965.9,1691.4],\"text\":\"2007\"}],\"order\":4,\"text\":\"2007\"},{\"bbox\":[1029.7,1650.5,1097.4,1685.6],\"lines\":[{\"bbox\":[1029.7,1650.5,1097.4,1685.6],\"text\":\"2006\"}],\"order\":5,\"text\":\"2006\"},{\"bbox\":[179.0,1744.3,324.5,1825.5],\"lines\":[{\"bbox\":[179.0,1748.5,229.6,1782.8],\"text\":\"U.S.\"},{\"bbox\":[180.5,1779.8,324.5,1825.5],\"text\":\"Non-U.S. (a)\"}],\"order\":6,\"text\":\"U.S.\\nNon-U.S. (a)\"},{\"bbox\":[703.4,1709.6,1106.6,1802.2],\"lines\":[{\"bbox\":[703.4,1709.6,1104.7,1759.5],\"text\":\"$ (2,094) $ 13,720 $12,934\"},{\"bbox\":[739.9,1764.9,822.7,1800.6],\"text\":\"4,867\"},{\"bbox\":[896.2,1758.2,972.7,1793.7],\"text\":\"9,085\"},{\"bbox\":[1026.4,1752.4,1103.0,1787.9],\"text\":\"6,952\"}],\"order\":7,\"text\":\"$ (2,094) $ 13,720 $12,934\\n4,867\\n9,085\\n6,952\"},{\"bbox\":[183.3,1827.0,670.9,1966.0],\"lines\":[{\"bbox\":[183.3,1827.0,667.2,1880.7],\"text\":\"Income from continuing operations\"},{\"bbox\":[216.4,1878.4,472.6,1921.9],\"text\":\"before income tax\"},{\"bbox\":[244.2,1920.5,488.8,1963.4],\"text\":\"expense (benefit)\"}],\"order\":8,\"text\":\"Income from continuing operations\\nbefore income tax\\nexpense (benefit)\"},{\"bbox\":[711.6,1905.3,828.9,1942.7],\"lines\":[{\"bbox\":[711.6,1905.3,828.9,1942.7],\"text\":\"$ 2,773\"}],\"order\":9,\"text\":\"$ 2,773\"},{\"bbox\":[865.6,1892.7,1112.8,1935.8],\"lines\":[{\"bbox\":[865.6,1892.7,1112.8,1935.8],\"text\":\"$ 22,805 $19,886\"}],\"order\":10,\"text\":\"$ 22,805 $19,886\"},{\"bbox\":[189.7,1951.6,1078.8,2052.5],\"lines\":[{\"bbox\":[189.7,1951.6,1077.4,2019.2],\"text\":\"(a) For purposes of this table, non-U.S. income is defined as income generated from\"},{\"bbox\":[226.5,2006.3,599.1,2050.9],\"text\":\"operations located outside the U.S.\"}],\"order\":11,\"text\":\"(a) For purposes of this table, non-U.S. income is defined as income generated from\\noperations located outside the U.S.\"},{\"bbox\":[1163.6,258.1,2116.7,398.5],\"lines\":[{\"bbox\":[1163.6,258.1,2114.4,348.5],\"text\":\"Note 29 – Restrictions on cash and intercom-\"},{\"bbox\":[1165.9,331.1,1597.8,398.5],\"text\":\"pany funds transfers\"}],\"order\":12,\"text\":\"Note 29 – Restrictions on cash and intercom-\\npany funds transfers\"},{\"bbox\":[1169.1,380.7,2114.8,708.1],\"lines\":[{\"bbox\":[1169.1,386.4,1973.9,458.3],\"text\":\"The business of JPMorgan Chase Bank, National Association\"},{\"bbox\":[1171.3,430.6,2105.8,508.3],\"text\":\"(“JPMorgan Chase Bank, N.A.”) is subject to examination and regula-\"},{\"bbox\":[1173.5,482.7,2059.7,558.2],\"text\":\"tion by the Office of the Comptroller of the Currency (“OCC”). The\"},{\"bbox\":[1175.7,530.5,2110.3,608.2],\"text\":\"Bank is a member of the U.S. Federal Reserve System, and its deposits\"},{\"bbox\":[1177.9,581.3,2093.1,658.1],\"text\":\"are insured by the FDIC as discussed in Note 20 on page 202 of this\"},{\"bbox\":[1180.2,662.9,1383.3,708.1],\"text\":\"Annual Report.\"}],\"order\":13,\"text\":\"The business of JPMorgan Chase Bank, National Association\\n(“JPMorgan Chase Bank, N.A.”) is subject to examination and regula-\\ntion by the Office of the Comptroller of the Currency (“OCC”). The\\nBank is a member of the U.S. Federal Reserve System, and its deposits\\nare insured by the FDIC as discussed in Note 20 on page 202 of this\\nAnnual Report.\"},{\"bbox\":[1183.5,705.4,2124.6,982.8],\"lines\":[{\"bbox\":[1183.5,705.5,2113.2,783.0],\"text\":\"The Board of Governors of the Federal Reserve System (the “Federal\"},{\"bbox\":[1185.7,755.9,2105.8,832.9],\"text\":\"Reserve”) requires depository institutions to maintain cash reserves\"},{\"bbox\":[1187.9,807.3,2076.6,882.9],\"text\":\"with a Federal Reserve Bank. The average amount of reserve bal-\"},{\"bbox\":[1190.2,855.3,2122.4,932.8],\"text\":\"ances deposited by the Firm’s bank subsidiaries with various Federal\"},{\"bbox\":[1192.4,906.8,2088.8,982.8],\"text\":\"Reserve Banks was approximately $1.6 billion in 2008 and 2007.\"}],\"order\":14,\"text\":\"The Board of Governors of the Federal Reserve System (the “Federal\\nReserve”) requires depository institutions to maintain cash reserves\\nwith a Federal Reserve Bank. The average amount of reserve bal-\\nances deposited by the Firm’s bank subsidiaries with various Federal\\nReserve Banks was approximately $1.6 billion in 2008 and 2007.\"},{\"bbox\":[1195.7,979.8,2149.6,1357.4],\"lines\":[{\"bbox\":[1195.7,981.6,2095.1,1057.7],\"text\":\"Restrictions imposed by U.S. federal law prohibit JPMorgan Chase\"},{\"bbox\":[1197.9,1029.7,2138.5,1107.7],\"text\":\"and certain of its affiliates from borrowing from banking subsidiaries\"},{\"bbox\":[1200.1,1082.6,2074.7,1157.6],\"text\":\"unless the loans are secured in specified amounts. Such secured\"},{\"bbox\":[1202.4,1130.7,2119.2,1207.6],\"text\":\"loans to the Firm or to other affiliates are generally limited to 10%\"},{\"bbox\":[1204.6,1180.8,2117.4,1257.5],\"text\":\"of the banking subsidiary’s total capital, as determined by the risk-\"},{\"bbox\":[1206.8,1230.6,2123.1,1307.5],\"text\":\"based capital guidelines; the aggregate amount of all such loans is\"},{\"bbox\":[1209.0,1287.3,1973.0,1357.4],\"text\":\"limited to 20% of the banking subsidiary’s total capital.\"}],\"order\":15,\"text\":\"Restrictions imposed by U.S. federal law prohibit JPMorgan Chase\\nand certain of its affiliates from borrowing from banking subsidiaries\\nunless the loans are secured in specified amounts. Such secured\\nloans to the Firm or to other affiliates are generally limited to 10%\\nof the banking subsidiary’s total capital, as determined by the risk-\\nbased capital guidelines; the aggregate amount of all such loans is\\nlimited to 20% of the banking subsidiary’s total capital.\"},{\"bbox\":[1212.4,1354.2,2178.8,1931.8],\"lines\":[{\"bbox\":[1212.4,1355.2,2135.2,1432.3],\"text\":\"The principal sources of JPMorgan Chase’s income (on a parent com-\"},{\"bbox\":[1214.6,1407.0,2096.4,1482.3],\"text\":\"pany–only basis) are dividends and interest from JPMorgan Chase\"},{\"bbox\":[1216.8,1456.8,2101.9,1532.2],\"text\":\"Bank, N.A., and the other banking and nonbanking subsidiaries of\"},{\"bbox\":[1219.0,1508.3,2069.3,1582.2],\"text\":\"JPMorgan Chase. In addition to dividend restrictions set forth in\"},{\"bbox\":[1221.2,1555.5,2131.9,1632.1],\"text\":\"statutes and regulations, the Federal Reserve, the OCC and the FDIC\"},{\"bbox\":[1223.5,1604.8,2148.6,1682.1],\"text\":\"have authority under the Financial Institutions Supervisory Act to pro-\"},{\"bbox\":[1225.7,1653.9,2169.9,1732.0],\"text\":\"hibit or to limit the payment of dividends by the banking organizations\"},{\"bbox\":[1227.9,1704.3,2162.9,1782.0],\"text\":\"they supervise, including JPMorgan Chase and its subsidiaries that are\"},{\"bbox\":[1230.1,1754.9,2150.0,1831.9],\"text\":\"banks or bank holding companies, if, in the banking regulator’s opin-\"},{\"bbox\":[1232.4,1806.2,2123.4,1881.9],\"text\":\"ion, payment of a dividend would constitute an unsafe or unsound\"},{\"bbox\":[1234.6,1854.1,2170.8,1931.8],\"text\":\"practice in light of the financial condition of the banking organization.\"}],\"order\":16,\"text\":\"The principal sources of JPMorgan Chase’s income (on a parent com-\\npany–only basis) are dividends and interest from JPMorgan Chase\\nBank, N.A., and the other banking and nonbanking subsidiaries of\\nJPMorgan Chase. In addition to dividend restrictions set forth in\\nstatutes and regulations, the Federal Reserve, the OCC and the FDIC\\nhave authority under the Financial Institutions Supervisory Act to pro-\\nhibit or to limit the payment of dividends by the banking organizations\\nthey supervise, including JPMorgan Chase and its subsidiaries that are\\nbanks or bank holding companies, if, in the banking regulator’s opin-\\nion, payment of a dividend would constitute an unsafe or unsound\\npractice in light of the financial condition of the banking organization.\"},{\"bbox\":[1237.9,1928.6,2195.7,2256.5],\"lines\":[{\"bbox\":[1237.9,1932.4,2098.1,2006.8],\"text\":\"At January 1, 2009 and 2008, JPMorgan Chase’s banking sub-\"},{\"bbox\":[1240.1,1978.9,2177.8,2056.7],\"text\":\"sidiaries could pay, in the aggregate, $17.0 billion and $16.2 billion,\"},{\"bbox\":[1242.3,2028.9,2178.3,2106.7],\"text\":\"respectively, in dividends to their respective bank holding companies\"},{\"bbox\":[1244.6,2079.8,2159.6,2156.6],\"text\":\"without the prior approval of their relevant banking regulators. The\"},{\"bbox\":[1246.8,2128.3,2193.5,2206.6],\"text\":\"capacity to pay dividends in 2009 will be supplemented by the bank-\"},{\"bbox\":[1249.0,2195.1,1818.3,2256.5],\"text\":\"ing subsidiaries’ earnings during the year.\"}],\"order\":17,\"text\":\"At January 1, 2009 and 2008, JPMorgan Chase’s banking sub-\\nsidiaries could pay, in the aggregate, $17.0 billion and $16.2 billion,\\nrespectively, in dividends to their respective bank holding companies\\nwithout the prior approval of their relevant banking regulators. The\\ncapacity to pay dividends in 2009 will be supplemented by the bank-\\ning subsidiaries’ earnings during the year.\"},{\"bbox\":[1252.3,2253.2,2211.5,2581.2],\"lines\":[{\"bbox\":[1252.3,2256.1,2135.1,2331.4],\"text\":\"In compliance with rules and regulations established by U.S. and\"},{\"bbox\":[1254.6,2303.6,2191.2,2381.4],\"text\":\"non-U.S. regulators, as of December 31, 2008 and 2007, cash in the\"},{\"bbox\":[1256.8,2353.1,2204.8,2431.3],\"text\":\"amount of $20.8 billion and $16.0 billion, respectively, and securities\"},{\"bbox\":[1259.0,2404.0,2186.0,2481.3],\"text\":\"with a fair value of $12.1 billion and $3.4 billion, respectively, were\"},{\"bbox\":[1261.2,2453.5,2196.2,2531.2],\"text\":\"segregated in special bank accounts for the benefit of securities and\"},{\"bbox\":[1263.4,2527.5,1659.4,2581.2],\"text\":\"futures brokerage customers.\"}],\"order\":18,\"text\":\"In compliance with rules and regulations established by U.S. and\\nnon-U.S. regulators, as of December 31, 2008 and 2007, cash in the\\namount of $20.8 billion and $16.0 billion, respectively, and securities\\nwith a fair value of $12.1 billion and $3.4 billion, respectively, were\\nsegregated in special bank accounts for the benefit of securities and\\nfutures brokerage customers.\"},{\"bbox\":[242.4,3134.1,761.4,3185.3],\"lines\":[{\"bbox\":[242.4,3134.1,761.4,3185.3],\"text\":\"JPMorgan Chase & Co. / 2008 Annual Report\"}],\"order\":19,\"text\":\"JPMorgan Chase & Co. / 2008 Annual Report\"},{\"bbox\":[2197.6,3068.3,2242.2,3098.3],\"lines\":[{\"bbox\":[2197.6,3068.3,2242.2,3098.3],\"text\":\"211\"}],\"order\":20,\"text\":\"211\"}],\"doc\":\"fintabnet:JPM_2008\",\"dpi\":300,\"image_px\":[2400,3300],\"layout\":[],\"markdown\":\"JPMorgan Chase is subject to ongoing tax examinations by the tax\\nauthorities of the various jurisdictions in which it operates, including\\nU.S. federal and state and non-U.S. jurisdictions. The Firm’s consoli-\\ndated federal income tax returns are presently under examination by\\nthe Internal Revenue Service (“IRS”) for the years 2003, 2004 and\\n2005. The consolidated federal income tax returns of Bank One\\nCorporation, which merged with and into JPMorgan Chase on July 1,\\n2004, are under examination for the years 2000 through 2003, and\\nfor the period January 1, 2004, through July 1, 2004. The consolidat-\\ned federal income tax returns of Bear Stearns for the years ended\\nNovember 30, 2003, 2004 and 2005, are also under examination. All\\nthree examinations are expected to conclude in 2009. The IRS audits\\nof the consolidated federal income tax returns of JPMorgan Chase\\nfor the years 2006 and 2007, and for Bear Stearns for the years\\nended November 30, 2006 and 2007, are expected to commence in\\n2009. Administrative appeals are pending with the IRS relating to\\nprior examination periods. For 2002 and prior years, refund claims\\nrelating to income and credit adjustments, and to tax attribute carry-\\nbacks, for JPMorgan Chase and its predecessor entities, including\\nBank One, have been filed. Amended returns to reflect refund claims\\nprimarily attributable to net operating losses and tax credit carry-\\nbacks will be filed for the final Bear Stearns federal consolidated tax\\nreturn for the period December 1, 2007, through May 30, 2008, and\\nfor prior years.\\n\\nThe following table presents the U.S. and non-U.S. components of\\nincome from continuing operations before income tax expense (benefit).\\n\\n| Year ended December 31, (in millions) | 2008 | 2007 | 2006 |\\n| --- | --- | --- | --- |\\n| U.S. | $(2,094) | $13,720 | $12,934 |\\n| Non-U.S.(a) | 4,867 | 9,085 | 6,952 |\\n|  Income from continuing operationsbefore income taxexpense (benefit) | $2,773 | $22,805 | $19,886 |\\n\\n(a) For purposes of this table, non-U.S. income is defined as income generated from\\noperations located outside the U.S.\\n\\nNote 29 – Restrictions on cash and intercom-\\npany funds transfers\\n\\nThe business of JPMorgan Chase Bank, National Association\\n(“JPMorgan Chase Bank, N.A.”) is subject to examination and regula-\\ntion by the Office of the Comptroller of the Currency (“OCC”). The\\nBank is a member of the U.S. Federal Reserve System, and its deposits\\nare insured by the FDIC as discussed in Note 20 on page 202 of this\\nAnnual Report.\\n\\nThe Board of Governors of the Federal Reserve System (the “Federal\\nReserve”) requires depository institutions to maintain cash reserves\\nwith a Federal Reserve Bank. The average amount of reserve bal-\\nances deposited by the Firm’s bank subsidiaries with various Federal\\nReserve Banks was approximately $1.6 billion in 2008 and 2007.\\n\\nRestrictions imposed by U.S. federal law prohibit JPMorgan Chase\\nand certain of its affiliates from borrowing from banking subsidiaries\\nunless the loans are secured in specified amounts. Such secured\\nloans to the Firm or to other affiliates are generally limited to 10%\\nof the banking subsidiary’s total capital, as determined by the risk-\\nbased capital guidelines; the aggregate amount of all such loans is\\nlimited to 20% of the banking subsidiary’s total capital.\\n\\nThe principal sources of JPMorgan Chase’s income (on a parent com-\\npany–only basis) are dividends and interest from JPMorgan Chase\\nBank, N.A., and the other banking and nonbanking subsidiaries of\\nJPMorgan Chase. In addition to dividend restrictions set forth in\\nstatutes and regulations, the Federal Reserve, the OCC and the FDIC\\nhave authority under the Financial Institutions Supervisory Act to pro-\\nhibit or to limit the payment of dividends by the banking organizations\\nthey supervise, including JPMorgan Chase and its subsidiaries that are\\nbanks or bank holding companies, if, in the banking regulator’s opin-\\nion, payment of a dividend would constitute an unsafe or unsound\\npractice in light of the financial condition of the banking organization.\\n\\nAt January 1, 2009 and 2008, JPMorgan Chase’s banking sub-\\nsidiaries could pay, in the aggregate, $17.0 billion and $16.2 billion,\\nrespectively, in dividends to their respective bank holding companies\\nwithout the prior approval of their relevant banking regulators. The\\ncapacity to pay dividends in 2009 will be supplemented by the bank-\\ning subsidiaries’ earnings during the year.\\n\\nIn compliance with rules and regulations established by U.S. and\\nnon-U.S. regulators, as of December 31, 2008 and 2007, cash in the\\namount of $20.8 billion and $16.0 billion, respectively, and securities\\nwith a fair value of $12.1 billion and $3.4 billion, respectively, were\\nsegregated in special bank accounts for the benefit of securities and\\nfutures brokerage customers.\\n\\nJPMorgan Chase & Co. / 2008 Annual Report\\n\\n211\",\"name\":\"fintabnet.JPM_2008_page_213__300dpi_heavy\",\"page_id\":\"fintabnet.JPM_2008_page_213\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.546,\"source\":\"fintabnet\",\"source_id\":\"JPM_2008_page_213\",\"stack\":[{\"deg\":2.546,\"op\":\"skew\"},{\"amp\":0.334,\"angle\":294.3,\"blob\":0.751,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.571},{\"op\":\"noise\",\"sigma\":17.273},{\"gain\":0.467,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":48}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[176.0,1642.8,1112.8,1966.0],\"block_orders\":[2,3,4,5,6,7,8,9,10],\"cells\":[{\"bbox\":[176.3,1668.3,669.1,1723.5],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\"Year ended December 31, (in millions)\"},{\"bbox\":[742.5,1661.8,815.9,1698.3],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"2008\"},{\"bbox\":[898.0,1655.1,965.9,1691.4],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\"2007\"},{\"bbox\":[1029.6,1649.3,1097.4,1685.6],\"c0\":3,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\"2006\"},{\"bbox\":[178.9,1747.3,229.6,1782.8],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"U.S.\"},{\"bbox\":[703.4,1720.5,831.5,1759.5],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"$(2,094)\"},{\"bbox\":[857.4,1714.4,970.8,1752.7],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"$13,720\"},{\"bbox\":[994.5,1708.4,1104.7,1746.6],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"$12,934\"},{\"bbox\":[180.5,1778.8,324.6,1825.5],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Non-U.S.(a)\"},{\"bbox\":[739.8,1763.7,822.7,1800.6],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"4,867\"},{\"bbox\":[896.1,1757.0,972.7,1793.7],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"9,085\"},{\"bbox\":[1026.3,1751.2,1103.0,1787.9],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"6,952\"},{\"bbox\":[183.2,1825.9,671.0,1966.0],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\" Income from continuing operationsbefore income taxexpense (benefit)\"},{\"bbox\":[711.5,1904.2,828.9,1942.7],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"$2,773\"},{\"bbox\":[865.5,1897.5,979.0,1935.8],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"$22,805\"},{\"bbox\":[1002.7,1891.5,1112.9,1929.7],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"$19,886\"}]}],\"text\":\"JPMorgan Chase is subject to ongoing tax examinations by the tax\\nauthorities of the various jurisdictions in which it operates, including\\nU.S. federal and state and non-U.S. jurisdictions. The Firm’s consoli-\\ndated federal income tax returns are presently under examination by\\nthe Internal Revenue Service (“IRS”) for the years 2003, 2004 and\\n2005. The consolidated federal income tax returns of Bank One\\nCorporation, which merged with and into JPMorgan Chase on July 1,\\n2004, are under examination for the years 2000 through 2003, and\\nfor the period January 1, 2004, through July 1, 2004. The consolidat-\\ned federal income tax returns of Bear Stearns for the years ended\\nNovember 30, 2003, 2004 and 2005, are also under examination. All\\nthree examinations are expected to conclude in 2009. The IRS audits\\nof the consolidated federal income tax returns of JPMorgan Chase\\nfor the years 2006 and 2007, and for Bear Stearns for the years\\nended November 30, 2006 and 2007, are expected to commence in\\n2009. Administrative appeals are pending with the IRS relating to\\nprior examination periods. For 2002 and prior years, refund claims\\nrelating to income and credit adjustments, and to tax attribute carry-\\nbacks, for JPMorgan Chase and its predecessor entities, including\\nBank One, have been filed. Amended returns to reflect refund claims\\nprimarily attributable to net operating losses and tax credit carry-\\nbacks will be filed for the final Bear Stearns federal consolidated tax\\nreturn for the period December 1, 2007, through May 30, 2008, and\\nfor prior years.\\n\\nThe following table presents the U.S. and non-U.S. components of\\nincome from continuing operations before income tax expense (benefit).\\n\\nYear ended December 31, (in millions)\\n\\n2008\\n\\n2007\\n\\n2006\\n\\nU.S.\\nNon-U.S. (a)\\n\\n$ (2,094) $ 13,720 $12,934\\n4,867\\n9,085\\n6,952\\n\\nIncome from continuing operations\\nbefore income tax\\nexpense (benefit)\\n\\n$ 2,773\\n\\n$ 22,805 $19,886\\n\\n(a) For purposes of this table, non-U.S. income is defined as income generated from\\noperations located outside the U.S.\\n\\nNote 29 – Restrictions on cash and intercom-\\npany funds transfers\\n\\nThe business of JPMorgan Chase Bank, National Association\\n(“JPMorgan Chase Bank, N.A.”) is subject to examination and regula-\\ntion by the Office of the Comptroller of the Currency (“OCC”). The\\nBank is a member of the U.S. Federal Reserve System, and its deposits\\nare insured by the FDIC as discussed in Note 20 on page 202 of this\\nAnnual Report.\\n\\nThe Board of Governors of the Federal Reserve System (the “Federal\\nReserve”) requires depository institutions to maintain cash reserves\\nwith a Federal Reserve Bank. The average amount of reserve bal-\\nances deposited by the Firm’s bank subsidiaries with various Federal\\nReserve Banks was approximately $1.6 billion in 2008 and 2007.\\n\\nRestrictions imposed by U.S. federal law prohibit JPMorgan Chase\\nand certain of its affiliates from borrowing from banking subsidiaries\\nunless the loans are secured in specified amounts. Such secured\\nloans to the Firm or to other affiliates are generally limited to 10%\\nof the banking subsidiary’s total capital, as determined by the risk-\\nbased capital guidelines; the aggregate amount of all such loans is\\nlimited to 20% of the banking subsidiary’s total capital.\\n\\nThe principal sources of JPMorgan Chase’s income (on a parent com-\\npany–only basis) are dividends and interest from JPMorgan Chase\\nBank, N.A., and the other banking and nonbanking subsidiaries of\\nJPMorgan Chase. In addition to dividend restrictions set forth in\\nstatutes and regulations, the Federal Reserve, the OCC and the FDIC\\nhave authority under the Financial Institutions Supervisory Act to pro-\\nhibit or to limit the payment of dividends by the banking organizations\\nthey supervise, including JPMorgan Chase and its subsidiaries that are\\nbanks or bank holding companies, if, in the banking regulator’s opin-\\nion, payment of a dividend would constitute an unsafe or unsound\\npractice in light of the financial condition of the banking organization.\\n\\nAt January 1, 2009 and 2008, JPMorgan Chase’s banking sub-\\nsidiaries could pay, in the aggregate, $17.0 billion and $16.2 billion,\\nrespectively, in dividends to their respective bank holding companies\\nwithout the prior approval of their relevant banking regulators. The\\ncapacity to pay dividends in 2009 will be supplemented by the bank-\\ning subsidiaries’ earnings during the year.\\n\\nIn compliance with rules and regulations established by U.S. and\\nnon-U.S. regulators, as of December 31, 2008 and 2007, cash in the\\namount of $20.8 billion and $16.0 billion, respectively, and securities\\nwith a fair value of $12.1 billion and $3.4 billion, respectively, were\\nsegregated in special bank accounts for the benefit of securities and\\nfutures brokerage customers.\\n\\nJPMorgan Chase & Co. / 2008 Annual Report\\n\\n211\"},\"name\":\"fintabnet.JPM_2008_page_213__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":562942,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:JPM_2008\",\"dpi\":300,\"gt_sha256\":\"aaf57e7bdb92ade8b23b25dc160fbda89b9b235719eaaf4805bcff0db222231d\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.JPM_2008_page_213__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.JPM_2008_page_213\",\"pdf_sha256\":\"9143a8ad7fed4f43842461500e695605b61dcc9d16f504619a2d96052d3c0b35\",\"px\":[2400,3300],\"scan\":{\"render\":\"ffc7fffdfffc7ec07ec07ee47ec87efc1efe76fe00fc007e0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"JPM_2008_page_213\",\"src\":{\"file_sha256\":\"03dfb59c1ba71d2bf2a9231c4551f3c62166f863ac9c09071b0b7b710da91755\",\"render\":\"00007eec7efc7efc7efc7efc7efc72fc7efc7efc00fc00fc0040000000000000\",\"text\":\"2b06327b0050fe179bcd1142dd2799d09bfcfe78032670c1487a8ff4caac6bfa\"},\"stack\":[{\"deg\":2.546,\"op\":\"skew\"},{\"amp\":0.334,\"angle\":294.3,\"blob\":0.751,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.571},{\"op\":\"noise\",\"sigma\":17.273},{\"gain\":0.467,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":48}],\"tools\":\"21647cade0ee\"},\"sha256\":\"9143a8ad7fed4f43842461500e695605b61dcc9d16f504619a2d96052d3c0b35\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/9143a8ad7fed4f43842461500e695605b61dcc9d16f504619a2d96052d3c0b35.pdf","asset_sha256":"9143a8ad7fed4f43842461500e695605b61dcc9d16f504619a2d96052d3c0b35","document_id":"fintabnet:JPM_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"JPM_2008_page_213\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"KMX_2010_page_62\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:KMX_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[200.0,162.2,221.6,193.0],\"lines\":[{\"bbox\":[200.0,162.2,221.6,193.0],\"text\":\"4.\"}],\"order\":0,\"text\":\"4.\"},{\"bbox\":[250.0,162.2,519.1,193.0],\"lines\":[{\"bbox\":[250.0,162.2,519.1,193.0],\"text\":\"SECURITIZATIONS\"}],\"order\":1,\"text\":\"SECURITIZATIONS\"},{\"bbox\":[200.0,210.4,1500.3,528.7],\"lines\":[{\"bbox\":[200.0,210.4,1500.3,241.2],\"text\":\"We maintain a revolving securitization program (“warehouse facility”) that currently provides financing of up to\"},{\"bbox\":[200.0,242.4,1500.1,273.2],\"text\":\"$1.2 billion to fund substantially all of the auto loan receivables originated by CAF until they can be funded through\"},{\"bbox\":[200.0,274.4,1500.1,305.2],\"text\":\"a term securitization or alternative funding arrangement. We sell the auto loan receivables to a wholly owned,\"},{\"bbox\":[200.0,306.2,1500.0,337.0],\"text\":\"bankruptcy-remote, special purpose entity that transfers an undivided interest in the receivables to entities formed by\"},{\"bbox\":[200.0,338.2,1499.7,369.0],\"text\":\"third-party investors (“bank conduits”). The bank conduits issue asset-backed commercial paper supported by the\"},{\"bbox\":[200.0,370.2,1500.2,401.0],\"text\":\"transferred receivables, and the proceeds from the sale of the commercial paper are used to pay for the securitized\"},{\"bbox\":[200.0,402.1,1500.3,432.9],\"text\":\"receivables. The return requirements of investors in the bank conduits could fluctuate significantly depending on\"},{\"bbox\":[200.0,434.1,1500.0,464.9],\"text\":\"market conditions. The warehouse facility has a 364-day term ending in August 2010. At renewal, the cost,\"},{\"bbox\":[200.0,466.1,1500.0,496.9],\"text\":\"structure and capacity of the facility could change. These changes could have a significant impact on our funding\"},{\"bbox\":[200.0,497.9,262.7,528.7],\"text\":\"costs.\"}],\"order\":2,\"text\":\"We maintain a revolving securitization program (“warehouse facility”) that currently provides financing of up to\\n$1.2 billion to fund substantially all of the auto loan receivables originated by CAF until they can be funded through\\na term securitization or alternative funding arrangement. We sell the auto loan receivables to a wholly owned,\\nbankruptcy-remote, special purpose entity that transfers an undivided interest in the receivables to entities formed by\\nthird-party investors (“bank conduits”). The bank conduits issue asset-backed commercial paper supported by the\\ntransferred receivables, and the proceeds from the sale of the commercial paper are used to pay for the securitized\\nreceivables. The return requirements of investors in the bank conduits could fluctuate significantly depending on\\nmarket conditions. The warehouse facility has a 364-day term ending in August 2010. At renewal, the cost,\\nstructure and capacity of the facility could change. These changes could have a significant impact on our funding\\ncosts.\"},{\"bbox\":[200.0,561.8,1500.3,656.6],\"lines\":[{\"bbox\":[200.0,561.8,1499.9,592.6],\"text\":\"The bank conduits may be considered variable interest entities, but are not consolidated because we are not the\"},{\"bbox\":[200.0,593.8,1500.3,624.6],\"text\":\"primary beneficiary and our interest does not constitute a variable interest in the entities. We hold a variable interest\"},{\"bbox\":[200.0,625.8,1204.3,656.6],\"text\":\"in specified assets transferred to the entities rather than interests in the entities themselves.\"}],\"order\":3,\"text\":\"The bank conduits may be considered variable interest entities, but are not consolidated because we are not the\\nprimary beneficiary and our interest does not constitute a variable interest in the entities. We hold a variable interest\\nin specified assets transferred to the entities rather than interests in the entities themselves.\"},{\"bbox\":[200.0,689.6,1500.5,912.2],\"lines\":[{\"bbox\":[200.0,689.6,1499.7,720.5],\"text\":\"Historically, we have used term securitizations to refinance the receivables previously securitized through the\"},{\"bbox\":[200.0,721.7,1500.1,752.5],\"text\":\"warehouse facility. The purpose of term securitizations is to provide permanent funding for these receivables. In\"},{\"bbox\":[200.0,753.5,1500.0,784.3],\"text\":\"these transactions, a pool of auto loan receivables is sold to a bankruptcy-remote, special purpose entity that in turn\"},{\"bbox\":[200.0,785.5,1499.9,816.3],\"text\":\"transfers the receivables to a special purpose securitization trust. The securitization trust issues asset-backed\"},{\"bbox\":[200.0,817.5,1500.0,848.3],\"text\":\"securities, secured or otherwise supported by the transferred receivables, and the proceeds from the sale of the\"},{\"bbox\":[200.0,849.3,1500.5,880.2],\"text\":\"securities are used to pay for the securitized receivables. Refinancing receivables in a term securitization could have\"},{\"bbox\":[200.0,881.4,1422.0,912.2],\"text\":\"a significant impact on our results of operations depending on the transaction structure and market conditions.\"}],\"order\":4,\"text\":\"Historically, we have used term securitizations to refinance the receivables previously securitized through the\\nwarehouse facility. The purpose of term securitizations is to provide permanent funding for these receivables. In\\nthese transactions, a pool of auto loan receivables is sold to a bankruptcy-remote, special purpose entity that in turn\\ntransfers the receivables to a special purpose securitization trust. The securitization trust issues asset-backed\\nsecurities, secured or otherwise supported by the transferred receivables, and the proceeds from the sale of the\\nsecurities are used to pay for the securitized receivables. Refinancing receivables in a term securitization could have\\na significant impact on our results of operations depending on the transaction structure and market conditions.\"},{\"bbox\":[200.0,945.2,1500.4,1263.6],\"lines\":[{\"bbox\":[200.0,945.2,1500.1,976.0],\"text\":\"The warehouse facility and each term securitization are governed by various legal documents that limit and specify\"},{\"bbox\":[200.0,977.2,1499.7,1008.0],\"text\":\"the activities of the special purpose entities and securitization trusts (collectively, “securitization vehicles”) used to\"},{\"bbox\":[200.0,1009.2,1500.4,1040.0],\"text\":\"facilitate the securitizations. The securitization vehicles are generally allowed to acquire the receivables being sold\"},{\"bbox\":[200.0,1041.1,1500.4,1071.9],\"text\":\"to them, issue asset-backed securities to investors to fund the acquisition of the receivables and enter into derivatives\"},{\"bbox\":[200.0,1073.1,1500.1,1103.9],\"text\":\"or other yield maintenance contracts to hedge or mitigate certain risks related to the pool of receivables or asset-\"},{\"bbox\":[200.0,1105.1,1500.1,1135.9],\"text\":\"backed securities. Additionally, the securitization vehicles are required to service the receivables they hold and the\"},{\"bbox\":[200.0,1136.9,1499.9,1167.7],\"text\":\"securities they have issued. These servicing functions are performed by CarMax as appointed within the underlying\"},{\"bbox\":[200.0,1168.9,1499.8,1199.7],\"text\":\"legal documents. Servicing functions include, but are not limited to, collecting payments from borrowers,\"},{\"bbox\":[200.0,1200.8,1500.1,1231.6],\"text\":\"monitoring delinquencies, liquidating assets, investing funds until distribution, remitting payments to the trustee\"},{\"bbox\":[200.0,1232.8,1353.4,1263.6],\"text\":\"who in turn remits payments to the investors, and accounting for and reporting information to investors.\"}],\"order\":5,\"text\":\"The warehouse facility and each term securitization are governed by various legal documents that limit and specify\\nthe activities of the special purpose entities and securitization trusts (collectively, “securitization vehicles”) used to\\nfacilitate the securitizations. The securitization vehicles are generally allowed to acquire the receivables being sold\\nto them, issue asset-backed securities to investors to fund the acquisition of the receivables and enter into derivatives\\nor other yield maintenance contracts to hedge or mitigate certain risks related to the pool of receivables or asset-\\nbacked securities. Additionally, the securitization vehicles are required to service the receivables they hold and the\\nsecurities they have issued. These servicing functions are performed by CarMax as appointed within the underlying\\nlegal documents. Servicing functions include, but are not limited to, collecting payments from borrowers,\\nmonitoring delinquencies, liquidating assets, investing funds until distribution, remitting payments to the trustee\\nwho in turn remits payments to the investors, and accounting for and reporting information to investors.\"},{\"bbox\":[200.0,1299.0,589.5,1330.1],\"lines\":[{\"bbox\":[200.0,1299.0,589.5,1330.1],\"text\":\"E NDING M ANAGED R ECEIVABLES\"}],\"order\":6,\"text\":\"E NDING M ANAGED R ECEIVABLES\"},{\"bbox\":[206.4,1404.1,509.8,1537.9],\"lines\":[{\"bbox\":[206.5,1404.1,426.0,1433.6],\"text\":\"W arehous e facility\"},{\"bbox\":[206.5,1439.0,438.4,1468.4],\"text\":\"Term s ecuritizations\"},{\"bbox\":[206.4,1473.7,509.8,1503.1],\"text\":\"Loans held for inves tment\"},{\"bbox\":[206.4,1508.5,426.6,1537.9],\"text\":\"Loans held for sale\"}],\"order\":7,\"text\":\"W arehous e facility\\nTerm s ecuritizations\\nLoans held for inves tment\\nLoans held for sale\"},{\"bbox\":[1019.8,1335.3,1466.9,1537.9],\"lines\":[{\"bbox\":[1098.6,1335.3,1381.5,1364.7],\"text\":\"As of February 28 or 29\"},{\"bbox\":[1035.1,1370.0,1094.4,1399.4],\"text\":\"2010\"},{\"bbox\":[1210.4,1370.0,1269.7,1399.4],\"text\":\"2009\"},{\"bbox\":[1385.7,1370.0,1445.0,1399.4],\"text\":\"2008\"},{\"bbox\":[1019.8,1404.1,1116.3,1433.6],\"text\":\"$ 331.0\"},{\"bbox\":[1195.2,1404.1,1291.6,1433.6],\"text\":\"$ 1,215.0\"},{\"bbox\":[1370.5,1404.1,1466.9,1433.6],\"text\":\"$ 854.5\"},{\"bbox\":[1037.4,1439.0,1116.2,1468.4],\"text\":\"3,615.6\"},{\"bbox\":[1212.6,1439.0,1291.6,1468.4],\"text\":\"2,616.9\"},{\"bbox\":[1388.0,1439.0,1466.9,1468.4],\"text\":\"2,910.0\"},{\"bbox\":[1057.0,1473.7,1116.3,1503.1],\"text\":\"135.5\"},{\"bbox\":[1232.3,1473.7,1291.5,1503.1],\"text\":\"145.1\"},{\"bbox\":[1420.8,1473.7,1466.9,1503.1],\"text\":\"69.0\"},{\"bbox\":[1070.1,1508.5,1116.2,1537.9],\"text\":\"30.6\"},{\"bbox\":[1258.6,1508.5,1291.5,1537.9],\"text\":\"9.7\"},{\"bbox\":[1433.9,1508.5,1466.9,1537.9],\"text\":\"5.0\"}],\"order\":8,\"text\":\"As of February 28 or 29\\n2010\\n2009\\n2008\\n$ 331.0\\n$ 1,215.0\\n$ 854.5\\n3,615.6\\n2,616.9\\n2,910.0\\n135.5\\n145.1\\n69.0\\n30.6\\n9.7\\n5.0\"},{\"bbox\":[206.4,1555.5,602.6,1584.9],\"lines\":[{\"bbox\":[206.4,1555.5,602.6,1584.9],\"text\":\"Total ending managed receivables\"}],\"order\":9,\"text\":\"Total ending managed receivables\"},{\"bbox\":[1019.7,1557.5,1116.2,1586.9],\"lines\":[{\"bbox\":[1019.7,1557.5,1116.2,1586.9],\"text\":\"$ 4,112.7\"}],\"order\":10,\"text\":\"$ 4,112.7\"},{\"bbox\":[206.5,1371.5,332.5,1396.4],\"lines\":[{\"bbox\":[206.5,1371.5,332.5,1396.4],\"text\":\"(In m illions)\"}],\"order\":11,\"text\":\"(In m illions)\"},{\"bbox\":[1195.0,1557.5,1291.5,1586.9],\"lines\":[{\"bbox\":[1195.0,1557.5,1291.5,1586.9],\"text\":\"$ 3,986.7\"}],\"order\":12,\"text\":\"$ 3,986.7\"},{\"bbox\":[1370.4,1557.5,1466.8,1586.9],\"lines\":[{\"bbox\":[1370.4,1557.5,1466.8,1586.9],\"text\":\"$ 3,838.5\"}],\"order\":13,\"text\":\"$ 3,838.5\"},{\"bbox\":[200.0,1627.5,1500.3,1925.1],\"lines\":[{\"bbox\":[200.0,1627.5,1500.2,1658.4],\"text\":\"The special purpose entities and investors have no recourse to our assets. Our risk under these arrangements is\"},{\"bbox\":[200.0,1660.9,1500.2,1691.7],\"text\":\"limited to the retained interest. We have not provided financial or other support to the special purpose entities or\"},{\"bbox\":[200.0,1694.2,1499.9,1725.0],\"text\":\"investors that was not previously contractually required. There are no additional arrangements, guarantees or other\"},{\"bbox\":[200.0,1727.6,1500.2,1758.4],\"text\":\"commitments that could require us to provide financial support or that would affect the fair value of our retained\"},{\"bbox\":[200.0,1760.9,1500.0,1791.7],\"text\":\"interest. All transfers of receivables are accounted for as sales. When the receivables are securitized, we recognize\"},{\"bbox\":[200.0,1794.3,1500.3,1825.1],\"text\":\"a gain or loss on the sale of the receivables as described in Note 3. However, as described in Note 17, pursuant to\"},{\"bbox\":[200.0,1827.6,1500.2,1858.4],\"text\":\"ASUs 2009-16 and 2009-17, the transferred auto loan receivables, and the related non-recourse notes payable to the\"},{\"bbox\":[200.0,1861.0,1500.0,1891.8],\"text\":\"investors, will be accounted for as secured borrowings effective March 1, 2010, and will be reported on our\"},{\"bbox\":[200.0,1894.3,513.9,1925.1],\"text\":\"consolidated balance sheets.\"}],\"order\":14,\"text\":\"The special purpose entities and investors have no recourse to our assets. Our risk under these arrangements is\\nlimited to the retained interest. We have not provided financial or other support to the special purpose entities or\\ninvestors that was not previously contractually required. There are no additional arrangements, guarantees or other\\ncommitments that could require us to provide financial support or that would affect the fair value of our retained\\ninterest. All transfers of receivables are accounted for as sales. When the receivables are securitized, we recognize\\na gain or loss on the sale of the receivables as described in Note 3. However, as described in Note 17, pursuant to\\nASUs 2009-16 and 2009-17, the transferred auto loan receivables, and the related non-recourse notes payable to the\\ninvestors, will be accounted for as secured borrowings effective March 1, 2010, and will be reported on our\\nconsolidated balance sheets.\"},{\"bbox\":[200.0,1958.8,1500.3,2053.1],\"lines\":[{\"bbox\":[200.0,1958.8,405.9,1989.6],\"text\":\"Retained Interest\"},{\"bbox\":[200.0,1990.3,1500.1,2021.1],\"text\":\"We retain an interest in the auto loan receivables that we securitize. The retained interest includes the present value\"},{\"bbox\":[200.0,2022.3,1500.3,2053.1],\"text\":\"of the expected residual cash flows generated by the securitized receivables, or “interest-only strip receivables,”\"}],\"order\":15,\"text\":\"Retained Interest\\nWe retain an interest in the auto loan receivables that we securitize. The retained interest includes the present value\\nof the expected residual cash flows generated by the securitized receivables, or “interest-only strip receivables,”\"},{\"bbox\":[833.3,2063.6,866.7,2100.5],\"lines\":[{\"bbox\":[833.3,2063.6,866.7,2100.5],\"text\":\"52\"}],\"order\":16,\"text\":\"52\"}],\"doc\":\"fintabnet:KMX_2010\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"4.\\n\\nSECURITIZATIONS\\n\\nWe maintain a revolving securitization program (“warehouse facility”) that currently provides financing of up to\\n$1.2 billion to fund substantially all of the auto loan receivables originated by CAF until they can be funded through\\na term securitization or alternative funding arrangement. We sell the auto loan receivables to a wholly owned,\\nbankruptcy-remote, special purpose entity that transfers an undivided interest in the receivables to entities formed by\\nthird-party investors (“bank conduits”). The bank conduits issue asset-backed commercial paper supported by the\\ntransferred receivables, and the proceeds from the sale of the commercial paper are used to pay for the securitized\\nreceivables. The return requirements of investors in the bank conduits could fluctuate significantly depending on\\nmarket conditions. The warehouse facility has a 364-day term ending in August 2010. At renewal, the cost,\\nstructure and capacity of the facility could change. These changes could have a significant impact on our funding\\ncosts.\\n\\nThe bank conduits may be considered variable interest entities, but are not consolidated because we are not the\\nprimary beneficiary and our interest does not constitute a variable interest in the entities. We hold a variable interest\\nin specified assets transferred to the entities rather than interests in the entities themselves.\\n\\nHistorically, we have used term securitizations to refinance the receivables previously securitized through the\\nwarehouse facility. The purpose of term securitizations is to provide permanent funding for these receivables. In\\nthese transactions, a pool of auto loan receivables is sold to a bankruptcy-remote, special purpose entity that in turn\\ntransfers the receivables to a special purpose securitization trust. The securitization trust issues asset-backed\\nsecurities, secured or otherwise supported by the transferred receivables, and the proceeds from the sale of the\\nsecurities are used to pay for the securitized receivables. Refinancing receivables in a term securitization could have\\na significant impact on our results of operations depending on the transaction structure and market conditions.\\n\\nThe warehouse facility and each term securitization are governed by various legal documents that limit and specify\\nthe activities of the special purpose entities and securitization trusts (collectively, “securitization vehicles”) used to\\nfacilitate the securitizations. The securitization vehicles are generally allowed to acquire the receivables being sold\\nto them, issue asset-backed securities to investors to fund the acquisition of the receivables and enter into derivatives\\nor other yield maintenance contracts to hedge or mitigate certain risks related to the pool of receivables or asset-\\nbacked securities. Additionally, the securitization vehicles are required to service the receivables they hold and the\\nsecurities they have issued. These servicing functions are performed by CarMax as appointed within the underlying\\nlegal documents. Servicing functions include, but are not limited to, collecting payments from borrowers,\\nmonitoring delinquencies, liquidating assets, investing funds until distribution, remitting payments to the trustee\\nwho in turn remits payments to the investors, and accounting for and reporting information to investors.\\n\\nE NDING M ANAGED R ECEIVABLES\\n\\nW arehous e facility\\nTerm s ecuritizations\\nLoans held for inves tment\\nLoans held for sale\\n\\nAs of February 28 or 29\\n2010\\n2009\\n2008\\n$ 331.0\\n$ 1,215.0\\n$ 854.5\\n3,615.6\\n2,616.9\\n2,910.0\\n135.5\\n145.1\\n69.0\\n30.6\\n9.7\\n5.0\\n\\nTotal ending managed receivables\\n\\n$ 4,112.7\\n\\n(In m illions)\\n\\n$ 3,986.7\\n\\n$ 3,838.5\\n\\nThe special purpose entities and investors have no recourse to our assets. Our risk under these arrangements is\\nlimited to the retained interest. We have not provided financial or other support to the special purpose entities or\\ninvestors that was not previously contractually required. There are no additional arrangements, guarantees or other\\ncommitments that could require us to provide financial support or that would affect the fair value of our retained\\ninterest. All transfers of receivables are accounted for as sales. When the receivables are securitized, we recognize\\na gain or loss on the sale of the receivables as described in Note 3. However, as described in Note 17, pursuant to\\nASUs 2009-16 and 2009-17, the transferred auto loan receivables, and the related non-recourse notes payable to the\\ninvestors, will be accounted for as secured borrowings effective March 1, 2010, and will be reported on our\\nconsolidated balance sheets.\\n\\nRetained Interest\\nWe retain an interest in the auto loan receivables that we securitize. The retained interest includes the present value\\nof the expected residual cash flows generated by the securitized receivables, or “interest-only strip receivables,”\\n\\n52\",\"name\":\"fintabnet.KMX_2010_page_62__200dpi_medium\",\"page_id\":\"fintabnet.KMX_2010_page_62\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"KMX_2010_page_62\",\"stack\":[{\"amp\":0.086,\"angle\":7.0,\"blob\":0.614,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":3.7,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":8.472},{\"gain\":0.731,\"op\":\"contrast\"},{\"bias\":0.08,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":40}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[206.4,1335.3,1466.9,1586.9],\"block_orders\":[7,8,9,10,11,12,13],\"cells\":null}],\"text\":\"4.\\n\\nSECURITIZATIONS\\n\\nWe maintain a revolving securitization program (“warehouse facility”) that currently provides financing of up to\\n$1.2 billion to fund substantially all of the auto loan receivables originated by CAF until they can be funded through\\na term securitization or alternative funding arrangement. We sell the auto loan receivables to a wholly owned,\\nbankruptcy-remote, special purpose entity that transfers an undivided interest in the receivables to entities formed by\\nthird-party investors (“bank conduits”). The bank conduits issue asset-backed commercial paper supported by the\\ntransferred receivables, and the proceeds from the sale of the commercial paper are used to pay for the securitized\\nreceivables. The return requirements of investors in the bank conduits could fluctuate significantly depending on\\nmarket conditions. The warehouse facility has a 364-day term ending in August 2010. At renewal, the cost,\\nstructure and capacity of the facility could change. These changes could have a significant impact on our funding\\ncosts.\\n\\nThe bank conduits may be considered variable interest entities, but are not consolidated because we are not the\\nprimary beneficiary and our interest does not constitute a variable interest in the entities. We hold a variable interest\\nin specified assets transferred to the entities rather than interests in the entities themselves.\\n\\nHistorically, we have used term securitizations to refinance the receivables previously securitized through the\\nwarehouse facility. The purpose of term securitizations is to provide permanent funding for these receivables. In\\nthese transactions, a pool of auto loan receivables is sold to a bankruptcy-remote, special purpose entity that in turn\\ntransfers the receivables to a special purpose securitization trust. The securitization trust issues asset-backed\\nsecurities, secured or otherwise supported by the transferred receivables, and the proceeds from the sale of the\\nsecurities are used to pay for the securitized receivables. Refinancing receivables in a term securitization could have\\na significant impact on our results of operations depending on the transaction structure and market conditions.\\n\\nThe warehouse facility and each term securitization are governed by various legal documents that limit and specify\\nthe activities of the special purpose entities and securitization trusts (collectively, “securitization vehicles”) used to\\nfacilitate the securitizations. The securitization vehicles are generally allowed to acquire the receivables being sold\\nto them, issue asset-backed securities to investors to fund the acquisition of the receivables and enter into derivatives\\nor other yield maintenance contracts to hedge or mitigate certain risks related to the pool of receivables or asset-\\nbacked securities. Additionally, the securitization vehicles are required to service the receivables they hold and the\\nsecurities they have issued. These servicing functions are performed by CarMax as appointed within the underlying\\nlegal documents. Servicing functions include, but are not limited to, collecting payments from borrowers,\\nmonitoring delinquencies, liquidating assets, investing funds until distribution, remitting payments to the trustee\\nwho in turn remits payments to the investors, and accounting for and reporting information to investors.\\n\\nE NDING M ANAGED R ECEIVABLES\\n\\nW arehous e facility\\nTerm s ecuritizations\\nLoans held for inves tment\\nLoans held for sale\\n\\nAs of February 28 or 29\\n2010\\n2009\\n2008\\n$ 331.0\\n$ 1,215.0\\n$ 854.5\\n3,615.6\\n2,616.9\\n2,910.0\\n135.5\\n145.1\\n69.0\\n30.6\\n9.7\\n5.0\\n\\nTotal ending managed receivables\\n\\n$ 4,112.7\\n\\n(In m illions)\\n\\n$ 3,986.7\\n\\n$ 3,838.5\\n\\nThe special purpose entities and investors have no recourse to our assets. Our risk under these arrangements is\\nlimited to the retained interest. We have not provided financial or other support to the special purpose entities or\\ninvestors that was not previously contractually required. There are no additional arrangements, guarantees or other\\ncommitments that could require us to provide financial support or that would affect the fair value of our retained\\ninterest. All transfers of receivables are accounted for as sales. When the receivables are securitized, we recognize\\na gain or loss on the sale of the receivables as described in Note 3. However, as described in Note 17, pursuant to\\nASUs 2009-16 and 2009-17, the transferred auto loan receivables, and the related non-recourse notes payable to the\\ninvestors, will be accounted for as secured borrowings effective March 1, 2010, and will be reported on our\\nconsolidated balance sheets.\\n\\nRetained Interest\\nWe retain an interest in the auto loan receivables that we securitize. The retained interest includes the present value\\nof the expected residual cash flows generated by the securitized receivables, or “interest-only strip receivables,”\\n\\n52\"},\"name\":\"fintabnet.KMX_2010_page_62__200dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":100548,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:KMX_2010\",\"dpi\":200,\"gt_sha256\":\"9686caae7675643ebdd8e3b6374f3dd8659a8a4db9e0a46c167c4ded514ac44b\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.KMX_2010_page_62__200dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.KMX_2010_page_62\",\"pdf_sha256\":\"26f6daa5ea00db06f8ed7403efa9a6754b97b4aac3f4954176efafb63fbe3c31\",\"px\":[1700,2200],\"scan\":{\"render\":\"000038003ffc3ffc3ff03ffc3ffc3ffc3ffc000030343ffc3ffc3ffc32000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"KMX_2010_page_62\",\"src\":{\"file_sha256\":\"f1122dd38432402b71a491d41271a2f6b50f6a5aaf92b3623e90e8fd9c75292b\",\"render\":\"000038003ffc3ffc3fe03ffc3ffc3ffc3ffc281030743ffc3ffc3ffc30000000\",\"text\":\"2dbe839ab44846fc712d5c064a7d2cacfb7aee03cd6ff448df0b7e0707936380\"},\"stack\":[{\"amp\":0.086,\"angle\":7.0,\"blob\":0.614,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":3.7,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":8.472},{\"gain\":0.731,\"op\":\"contrast\"},{\"bias\":0.08,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":40}],\"tools\":\"21647cade0ee\"},\"sha256\":\"26f6daa5ea00db06f8ed7403efa9a6754b97b4aac3f4954176efafb63fbe3c31\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/26f6daa5ea00db06f8ed7403efa9a6754b97b4aac3f4954176efafb63fbe3c31.pdf","asset_sha256":"26f6daa5ea00db06f8ed7403efa9a6754b97b4aac3f4954176efafb63fbe3c31","document_id":"fintabnet:KMX_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"KMX_2010_page_62\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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millions):\"},{\"bbox\":[177.4,389.4,1182.4,648.4],\"lines\":[{\"bbox\":[184.8,389.4,261.2,427.8],\"text\":\"2011\"},{\"bbox\":[183.0,435.2,899.1,499.6],\"text\":\"Net foreign currency translation adjustment\"},{\"bbox\":[181.1,477.5,674.6,536.3],\"text\":\"Net gain (loss) on derivatives 1\"},{\"bbox\":[179.3,526.8,1176.8,602.6],\"text\":\"Net change in unrealized gain on available-for-sale securities\"},{\"bbox\":[177.4,572.6,1001.4,641.3],\"text\":\"Net change in pension and other benefit liabilities\"}],\"order\":1,\"text\":\"2011\\nNet foreign currency translation adjustment\\nNet gain (loss) on derivatives 1\\nNet change in unrealized gain on available-for-sale securities\\nNet change in pension and other benefit liabilities\"},{\"bbox\":[174.9,635.0,757.1,694.0],\"lines\":[{\"bbox\":[174.9,635.0,757.1,694.0],\"text\":\"Other comprehensive income (loss)\"}],\"order\":2,\"text\":\"Other comprehensive income (loss)\"},{\"bbox\":[1822.5,354.7,1978.0,425.6],\"lines\":[{\"bbox\":[1823.8,354.7,1978.0,392.3],\"text\":\"Before-Tax\"},{\"bbox\":[1856.9,389.4,1976.7,425.6],\"text\":\"Amount\"}],\"order\":3,\"text\":\"Before-Tax\\nAmount\"},{\"bbox\":[2059.1,364.3,2169.3,433.4],\"lines\":[{\"bbox\":[2060.5,364.3,2169.3,400.1],\"text\":\"Income\"},{\"bbox\":[2118.6,400.0,2167.9,433.4],\"text\":\"Tax\"}],\"order\":4,\"text\":\"Income\\nTax\"},{\"bbox\":[2254.0,372.2,2388.6,442.3],\"lines\":[{\"bbox\":[2255.3,372.2,2388.6,409.0],\"text\":\"After-Tax\"},{\"bbox\":[2267.5,406.0,2387.2,442.3],\"text\":\"Amount\"}],\"order\":5,\"text\":\"After-Tax\\nAmount\"},{\"bbox\":[1834.5,502.3,1854.7,538.4],\"lines\":[{\"bbox\":[1834.5,502.3,1854.7,538.4],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[2053.8,511.2,2074.0,547.3],\"lines\":[{\"bbox\":[2053.8,511.2,2074.0,547.3],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[2245.1,518.9,2265.3,555.1],\"lines\":[{\"bbox\":[2245.1,518.9,2265.3,555.1],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[1866.3,503.8,1986.4,681.1],\"lines\":[{\"bbox\":[1900.1,504.9,1986.4,543.7],\"text\":\"(639)\"},{\"bbox\":[1912.5,551.3,1970.1,588.9],\"text\":\"240\"},{\"bbox\":[1948.1,598.6,1968.3,634.7],\"text\":\"6\"},{\"bbox\":[1866.3,641.2,1980.8,681.1],\"text\":\"(1,156)\"}],\"order\":9,\"text\":\"(639)\\n240\\n6\\n(1,156)\"},{\"bbox\":[2100.0,513.3,2177.7,688.9],\"lines\":[{\"bbox\":[2128.8,514.2,2177.7,551.5],\"text\":\"(1)\"},{\"bbox\":[2108.2,559.2,2175.8,597.3],\"text\":\"(95)\"},{\"bbox\":[2106.3,605.0,2173.9,643.1],\"text\":\"(13)\"},{\"bbox\":[2100.0,650.7,2157.7,688.3],\"text\":\"405\"}],\"order\":10,\"text\":\"(1)\\n(95)\\n(13)\\n405\"},{\"bbox\":[2305.0,521.6,2397.0,697.8],\"lines\":[{\"bbox\":[2310.7,521.6,2397.0,560.4],\"text\":\"(640)\"},{\"bbox\":[2323.1,568.0,2380.8,605.6],\"text\":\"145\"},{\"bbox\":[2344.3,614.7,2393.2,652.0],\"text\":\"(7)\"},{\"bbox\":[2305.0,659.0,2391.4,697.8],\"text\":\"(751)\"}],\"order\":11,\"text\":\"(640)\\n145\\n(7)\\n(751)\"},{\"bbox\":[1826.4,702.1,1978.3,743.6],\"lines\":[{\"bbox\":[1826.4,702.1,1978.3,743.6],\"text\":\"$ 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comprehensive income (loss)\"}],\"order\":21,\"text\":\"Other comprehensive income 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foreign currency translation adjustment\"},{\"bbox\":[155.8,1102.0,649.2,1160.8],\"text\":\"Net gain (loss) on derivatives 1\"},{\"bbox\":[153.9,1147.8,1163.7,1227.6],\"text\":\"Net change in unrealized gain on available-for-sale securities 2\"},{\"bbox\":[152.0,1197.0,976.1,1265.8],\"text\":\"Net change in pension and other benefit liabilities\"}],\"order\":28,\"text\":\"2009\\nNet foreign currency translation adjustment\\nNet gain (loss) on derivatives 1\\nNet change in unrealized gain on available-for-sale securities 2\\nNet change in pension and other benefit liabilities\"},{\"bbox\":[1803.6,1126.7,1961.0,1305.6],\"lines\":[{\"bbox\":[1809.2,1126.7,1946.7,1167.6],\"text\":\"$ 1,968\"},{\"bbox\":[1905.9,1176.5,1944.8,1213.4],\"text\":\"58\"},{\"bbox\":[1889.7,1221.8,1957.3,1259.8],\"text\":\"(39)\"},{\"bbox\":[1883.5,1267.4,1941.1,1305.0],\"text\":\"173\"}],\"order\":29,\"text\":\"$ 1,968\\n58\\n(39)\\n173\"},{\"bbox\":[2022.9,1135.7,2152.3,1313.4],\"lines\":[{\"bbox\":[2028.5,1135.7,2152.3,1176.0],\"text\":\"$ (144)\"},{\"bbox\":[2082.8,1183.7,2150.4,1221.8],\"text\":\"(24)\"},{\"bbox\":[2081.0,1229.5,2148.6,1267.6],\"text\":\"(13)\"},{\"bbox\":[2079.1,1275.3,2146.7,1313.4],\"text\":\"(62)\"}],\"order\":30,\"text\":\"$ (144)\\n(24)\\n(13)\\n(62)\"},{\"bbox\":[2214.2,1143.4,2371.6,1322.3],\"lines\":[{\"bbox\":[2219.8,1143.4,2357.3,1184.3],\"text\":\"$ 1,824\"},{\"bbox\":[2316.5,1193.2,2355.4,1230.1],\"text\":\"34\"},{\"bbox\":[2300.3,1238.4,2367.9,1276.5],\"text\":\"(52)\"},{\"bbox\":[2294.1,1284.1,2351.7,1321.7],\"text\":\"111\"}],\"order\":31,\"text\":\"$ 1,824\\n34\\n(52)\\n111\"},{\"bbox\":[149.5,1259.5,731.7,1318.5],\"lines\":[{\"bbox\":[149.5,1259.5,731.7,1318.5],\"text\":\"Other comprehensive income (loss)\"}],\"order\":32,\"text\":\"Other comprehensive income (loss)\"},{\"bbox\":[1801.1,1326.6,1938.6,1367.5],\"lines\":[{\"bbox\":[1801.1,1326.6,1938.6,1367.5],\"text\":\"$ 2,160\"}],\"order\":33,\"text\":\"$ 2,160\"},{\"bbox\":[2020.4,1335.5,2144.2,1375.8],\"lines\":[{\"bbox\":[2020.4,1335.5,2144.2,1375.8],\"text\":\"$ (243)\"}],\"order\":34,\"text\":\"$ (243)\"},{\"bbox\":[2211.7,1343.3,2349.2,1384.2],\"lines\":[{\"bbox\":[2211.7,1343.3,2349.2,1384.2],\"text\":\"$ 1,917\"}],\"order\":35,\"text\":\"$ 1,917\"},{\"bbox\":[164.7,701.6,1169.7,960.6],\"lines\":[{\"bbox\":[172.2,701.6,248.5,740.0],\"text\":\"2010\"},{\"bbox\":[170.3,747.4,886.4,811.8],\"text\":\"Net foreign currency translation adjustment\"},{\"bbox\":[168.4,789.8,661.9,848.6],\"text\":\"Net gain (loss) on derivatives 1\"},{\"bbox\":[166.6,839.0,1164.2,914.8],\"text\":\"Net change in unrealized gain on available-for-sale securities\"},{\"bbox\":[164.7,884.8,988.7,953.6],\"text\":\"Net change in pension and other benefit liabilities\"}],\"order\":36,\"text\":\"2010\\nNet foreign currency translation adjustment\\nNet gain (loss) on derivatives 1\\nNet change in unrealized gain on available-for-sale securities\\nNet change in pension and other benefit liabilities\"},{\"bbox\":[147.1,1334.0,158.7,1354.9],\"lines\":[{\"bbox\":[147.1,1334.0,158.7,1354.9],\"text\":\"1\"}],\"order\":37,\"text\":\"1\"},{\"bbox\":[165.6,1338.2,2338.1,1457.8],\"lines\":[{\"bbox\":[165.6,1338.2,2338.1,1457.8],\"text\":\"Refer to Note 5 for information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments.\"}],\"order\":38,\"text\":\"Refer to Note 5 for information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments.\"},{\"bbox\":[144.9,1388.2,156.5,1409.0],\"lines\":[{\"bbox\":[144.9,1388.2,156.5,1409.0],\"text\":\"2\"}],\"order\":39,\"text\":\"2\"},{\"bbox\":[161.8,1392.3,2323.5,1553.1],\"lines\":[{\"bbox\":[163.4,1392.3,2323.5,1511.4],\"text\":\"Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related\"},{\"bbox\":[161.8,1433.9,461.1,1477.5],\"text\":\"to these divestitures.\"}],\"order\":40,\"text\":\"Includes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related\\nto these divestitures.\"},{\"bbox\":[138.6,1526.5,909.4,1595.1],\"lines\":[{\"bbox\":[138.6,1526.5,909.4,1595.1],\"text\":\"NOTE 16: FAIR VALUE MEASUREMENTS\"}],\"order\":41,\"text\":\"NOTE 16: FAIR VALUE MEASUREMENTS\"},{\"bbox\":[128.1,1599.0,2305.6,1909.8],\"lines\":[{\"bbox\":[135.7,1599.0,2283.5,1722.4],\"text\":\"Accounting principles generally accepted in the United States define fair value as the exchange price that would be received for\"},{\"bbox\":[133.8,1645.7,2284.6,1769.1],\"text\":\"an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an\"},{\"bbox\":[131.9,1692.3,2301.8,1816.5],\"text\":\"orderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are\"},{\"bbox\":[130.0,1738.9,2167.4,1857.8],\"text\":\"prioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and\"},{\"bbox\":[128.1,1785.6,1968.3,1896.4],\"text\":\"minimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:\"}],\"order\":42,\"text\":\"Accounting principles generally accepted in the United States define fair value as the exchange price that would be received for\\nan asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an\\norderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are\\nprioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and\\nminimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:\"},{\"bbox\":[201.8,1860.3,1506.0,1949.3],\"lines\":[{\"bbox\":[201.8,1860.3,1506.0,1949.3],\"text\":\"• Level 1 — Quoted prices in active markets for identical assets or liabilities.\"}],\"order\":43,\"text\":\"• Level 1 — Quoted prices in active markets for identical assets or liabilities.\"},{\"bbox\":[195.1,1931.9,2313.9,2147.1],\"lines\":[{\"bbox\":[198.9,1931.9,2279.8,2052.5],\"text\":\"• Level 2 — Observable inputs other than quoted prices included in Level 1. We value assets and liabilities included in this\"},{\"bbox\":[235.3,1980.1,2312.0,2100.5],\"text\":\"level using dealer and broker quotations, certain pricing models, bid prices, quoted prices for similar assets and liabilities in\"},{\"bbox\":[233.4,2026.7,1944.5,2132.3],\"text\":\"active markets, or other inputs that are observable or can be corroborated by observable market data.\"}],\"order\":44,\"text\":\"• Level 2 — Observable inputs other than quoted prices included in Level 1. We value assets and liabilities included in this\\nlevel using dealer and broker quotations, certain pricing models, bid prices, quoted prices for similar assets and liabilities in\\nactive markets, or other inputs that are observable or can be corroborated by observable market data.\"},{\"bbox\":[188.4,2096.7,2286.0,2311.2],\"lines\":[{\"bbox\":[192.2,2096.7,2270.1,2217.2],\"text\":\"• Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value\"},{\"bbox\":[228.6,2144.9,2284.1,2264.5],\"text\":\"of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques\"},{\"bbox\":[226.7,2191.6,896.3,2254.9],\"text\":\"that use significant unobservable inputs.\"}],\"order\":45,\"text\":\"• Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value\\nof the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques\\nthat use significant unobservable inputs.\"},{\"bbox\":[107.8,2283.8,694.5,2344.9],\"lines\":[{\"bbox\":[107.8,2283.8,694.5,2344.9],\"text\":\"Recurring Fair Value Measurements\"}],\"order\":46,\"text\":\"Recurring Fair Value Measurements\"},{\"bbox\":[101.1,2356.3,2257.6,2573.1],\"lines\":[{\"bbox\":[104.9,2356.3,2257.6,2479.9],\"text\":\"In accordance with accounting principles generally accepted in the United States, certain assets and liabilities are required to be\"},{\"bbox\":[103.0,2403.0,2233.1,2525.6],\"text\":\"recorded at fair value on a recurring basis. For our Company, the only assets and liabilities that are adjusted to fair value on a\"},{\"bbox\":[101.1,2449.6,2251.0,2573.0],\"text\":\"recurring basis are investments in equity and debt securities classified as trading or available-for-sale and derivative instruments.\"}],\"order\":47,\"text\":\"In accordance with accounting principles generally accepted in the United States, certain assets and liabilities are required to be\\nrecorded at fair value on a recurring basis. For our Company, the only assets and liabilities that are adjusted to fair value on a\\nrecurring basis are investments in equity and debt securities classified as trading or available-for-sale and derivative instruments.\"},{\"bbox\":[1148.1,3005.2,1212.1,3047.0],\"lines\":[{\"bbox\":[1148.1,3005.2,1212.1,3047.0],\"text\":\"129\"}],\"order\":48,\"text\":\"129\"}],\"doc\":\"fintabnet:KO_2011\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees’ OCI,\\nfor the years ended December 31, 2011, 2010 and 2009, is as follows (in millions):\\n\\n2011\\nNet foreign currency translation adjustment\\nNet gain (loss) on derivatives 1\\nNet change in unrealized gain on available-for-sale securities\\nNet change in pension and other benefit liabilities\\n\\nOther comprehensive income (loss)\\n\\nBefore-Tax\\nAmount\\n\\nIncome\\nTax\\n\\nAfter-Tax\\nAmount\\n\\n$\\n\\n$\\n\\n$\\n\\n(639)\\n240\\n6\\n(1,156)\\n\\n(1)\\n(95)\\n(13)\\n405\\n\\n(640)\\n145\\n(7)\\n(751)\\n\\n$ (1,549)\\n\\n$ 296\\n\\n$ (1,253)\\n\\n$\\n\\n(966)\\n(222)\\n133\\n396\\n\\n$\\n\\n31\\n102\\n(31)\\n(136)\\n\\n$\\n\\n(935)\\n(120)\\n102\\n260\\n\\nOther comprehensive income (loss)\\n\\n$\\n\\n(659)\\n\\n$\\n\\n(34)\\n\\n$\\n\\n(693)\\n\\n2009\\nNet foreign currency translation adjustment\\nNet gain (loss) on derivatives 1\\nNet change in unrealized gain on available-for-sale securities 2\\nNet change in pension and other benefit liabilities\\n\\n$ 1,968\\n58\\n(39)\\n173\\n\\n$ (144)\\n(24)\\n(13)\\n(62)\\n\\n$ 1,824\\n34\\n(52)\\n111\\n\\nOther comprehensive income (loss)\\n\\n$ 2,160\\n\\n$ (243)\\n\\n$ 1,917\\n\\n2010\\nNet foreign currency translation adjustment\\nNet gain (loss) on derivatives 1\\nNet change in unrealized gain on available-for-sale securities\\nNet change in pension and other benefit liabilities\\n\\n1\\n\\nRefer to Note 5 for information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments.\\n\\n2\\n\\nIncludes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related\\nto these divestitures.\\n\\nNOTE 16: FAIR VALUE MEASUREMENTS\\n\\nAccounting principles generally accepted in the United States define fair value as the exchange price that would be received for\\nan asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an\\norderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are\\nprioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and\\nminimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:\\n\\n• Level 1 — Quoted prices in active markets for identical assets or liabilities.\\n\\n• Level 2 — Observable inputs other than quoted prices included in Level 1. We value assets and liabilities included in this\\nlevel using dealer and broker quotations, certain pricing models, bid prices, quoted prices for similar assets and liabilities in\\nactive markets, or other inputs that are observable or can be corroborated by observable market data.\\n\\n• Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value\\nof the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques\\nthat use significant unobservable inputs.\\n\\nRecurring Fair Value Measurements\\n\\nIn accordance with accounting principles generally accepted in the United States, certain assets and liabilities are required to be\\nrecorded at fair value on a recurring basis. For our Company, the only assets and liabilities that are adjusted to fair value on a\\nrecurring basis are investments in equity and debt securities classified as trading or available-for-sale and derivative instruments.\\n\\n129\",\"name\":\"fintabnet.KO_2011_page_131__300dpi_heavy\",\"page_id\":\"fintabnet.KO_2011_page_131\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.326,\"source\":\"fintabnet\",\"source_id\":\"KO_2011_page_131\",\"stack\":[{\"deg\":-2.326,\"op\":\"skew\"},{\"amp\":0.232,\"angle\":110.4,\"blob\":0.647,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":7.685,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":17.916},{\"gain\":0.462,\"op\":\"contrast\"},{\"offset\":-0.031,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[149.5,279.9,2403.4,1385.6],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36],\"cells\":null}],\"text\":\"OCI attributable to shareowners of The Coca-Cola Company, including our proportionate share of equity method investees’ OCI,\\nfor the years ended December 31, 2011, 2010 and 2009, is as follows (in millions):\\n\\n2011\\nNet foreign currency translation adjustment\\nNet gain (loss) on derivatives 1\\nNet change in unrealized gain on available-for-sale securities\\nNet change in pension and other benefit liabilities\\n\\nOther comprehensive income (loss)\\n\\nBefore-Tax\\nAmount\\n\\nIncome\\nTax\\n\\nAfter-Tax\\nAmount\\n\\n$\\n\\n$\\n\\n$\\n\\n(639)\\n240\\n6\\n(1,156)\\n\\n(1)\\n(95)\\n(13)\\n405\\n\\n(640)\\n145\\n(7)\\n(751)\\n\\n$ (1,549)\\n\\n$ 296\\n\\n$ (1,253)\\n\\n$\\n\\n(966)\\n(222)\\n133\\n396\\n\\n$\\n\\n31\\n102\\n(31)\\n(136)\\n\\n$\\n\\n(935)\\n(120)\\n102\\n260\\n\\nOther comprehensive income (loss)\\n\\n$\\n\\n(659)\\n\\n$\\n\\n(34)\\n\\n$\\n\\n(693)\\n\\n2009\\nNet foreign currency translation adjustment\\nNet gain (loss) on derivatives 1\\nNet change in unrealized gain on available-for-sale securities 2\\nNet change in pension and other benefit liabilities\\n\\n$ 1,968\\n58\\n(39)\\n173\\n\\n$ (144)\\n(24)\\n(13)\\n(62)\\n\\n$ 1,824\\n34\\n(52)\\n111\\n\\nOther comprehensive income (loss)\\n\\n$ 2,160\\n\\n$ (243)\\n\\n$ 1,917\\n\\n2010\\nNet foreign currency translation adjustment\\nNet gain (loss) on derivatives 1\\nNet change in unrealized gain on available-for-sale securities\\nNet change in pension and other benefit liabilities\\n\\n1\\n\\nRefer to Note 5 for information related to the net gain or loss on derivative instruments designated and qualifying as cash flow hedging instruments.\\n\\n2\\n\\nIncludes reclassification adjustments related to divestitures of certain available-for-sale securities. Refer to Note 3 for additional information related\\nto these divestitures.\\n\\nNOTE 16: FAIR VALUE MEASUREMENTS\\n\\nAccounting principles generally accepted in the United States define fair value as the exchange price that would be received for\\nan asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an\\norderly transaction between market participants at the measurement date. Additionally, the inputs used to measure fair value are\\nprioritized based on a three-level hierarchy. This hierarchy requires entities to maximize the use of observable inputs and\\nminimize the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:\\n\\n• Level 1 — Quoted prices in active markets for identical assets or liabilities.\\n\\n• Level 2 — Observable inputs other than quoted prices included in Level 1. We value assets and liabilities included in this\\nlevel using dealer and broker quotations, certain pricing models, bid prices, quoted prices for similar assets and liabilities in\\nactive markets, or other inputs that are observable or can be corroborated by observable market data.\\n\\n• Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value\\nof the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques\\nthat use significant unobservable inputs.\\n\\nRecurring Fair Value Measurements\\n\\nIn accordance with accounting principles generally accepted in the United States, certain assets and liabilities are required to be\\nrecorded at fair value on a recurring basis. For our Company, the only assets and liabilities that are adjusted to fair value on a\\nrecurring basis are investments in equity and debt securities classified as trading or available-for-sale and derivative instruments.\\n\\n129\"},\"name\":\"fintabnet.KO_2011_page_131__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":564550,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:KO_2011\",\"dpi\":300,\"gt_sha256\":\"156307283d98b2e84cd7937827016e698501b2b851e2b8a9ef7ca139f6420fa5\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.KO_2011_page_131__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.KO_2011_page_131\",\"pdf_sha256\":\"d6c789a0edc8f308d06cd94269d38892c9fbc6285227f1be68ac9da4b1bb741b\",\"px\":[2475,3225],\"scan\":{\"render\":\"000000807c007c0c7c007c047f0c7c007ffe7ff87ffe7c007ffe000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"KO_2011_page_131\",\"src\":{\"file_sha256\":\"449c583db74d8e0c129b9455f7241a5dcf099c95cc55e7de7b7d17780fceafa8\",\"render\":\"000010827e0e7ffe7e0e780e7ffe7c007ffe7fc83ffe78007ffc000000000000\",\"text\":\"68bba6fe4a4fd5b3a5cc193fc0225137bc1bedfac09b1cbd092bce1902f306fc\"},\"stack\":[{\"deg\":-2.326,\"op\":\"skew\"},{\"amp\":0.232,\"angle\":110.4,\"blob\":0.647,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":7.685,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":17.916},{\"gain\":0.462,\"op\":\"contrast\"},{\"offset\":-0.031,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"d6c789a0edc8f308d06cd94269d38892c9fbc6285227f1be68ac9da4b1bb741b\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/d6c789a0edc8f308d06cd94269d38892c9fbc6285227f1be68ac9da4b1bb741b.pdf","asset_sha256":"d6c789a0edc8f308d06cd94269d38892c9fbc6285227f1be68ac9da4b1bb741b","document_id":"fintabnet:KO_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"KO_2011_page_131\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"KO_2011_page_39\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:KO_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[33.0,47.6,560.8,179.5],\"lines\":[{\"bbox\":[33.0,47.6,554.8,56.3],\"text\":\"Investments classified as trading securities are not assessed for impairment, since they are carried at fair value with the change in\"},{\"bbox\":[33.0,58.8,556.4,67.5],\"text\":\"fair value included in net income. We review our investments in equity and debt securities that are accounted for using the equity\"},{\"bbox\":[33.0,70.0,553.9,78.7],\"text\":\"method or cost method or that are classified as available-for-sale or held-to-maturity each reporting period to determine whether\"},{\"bbox\":[33.0,81.2,553.3,89.9],\"text\":\"a significant event or change in circumstances has occurred that may have an adverse effect on the fair value of each investment.\"},{\"bbox\":[33.0,92.4,559.8,101.1],\"text\":\"When such events or changes occur, we evaluate the fair value compared to our cost basis in the investment. We also perform this\"},{\"bbox\":[33.0,103.6,559.7,112.3],\"text\":\"evaluation every reporting period for each investment for which our cost basis has exceeded the fair value in the prior period. The\"},{\"bbox\":[33.0,114.8,559.3,123.5],\"text\":\"fair values of most of our Company’s investments in publicly traded companies are often readily available based on quoted market\"},{\"bbox\":[33.0,126.0,507.5,134.7],\"text\":\"prices. For investments in nonpublicly traded companies, management’s assessment of fair value is based on valuation\"},{\"bbox\":[33.0,137.2,527.9,145.9],\"text\":\"methodologies including discounted cash flows, estimates of sales proceeds and appraisals, as appropriate. We consider the\"},{\"bbox\":[33.0,148.4,532.5,157.1],\"text\":\"assumptions that we believe hypothetical marketplace participants would use in evaluating estimated future cash flows when\"},{\"bbox\":[33.0,159.6,560.8,168.3],\"text\":\"employing the discounted cash flow or estimates of sales proceeds valuation methodologies. The ability to accurately predict future\"},{\"bbox\":[33.0,170.8,447.2,179.5],\"text\":\"cash flows, especially in developing and emerging markets, may impact the determination of fair value.\"}],\"order\":0,\"text\":\"Investments classified as trading securities are not assessed for impairment, since they are carried at fair value with the change in\\nfair value included in net income. We review our investments in equity and debt securities that are accounted for using the equity\\nmethod or cost method or that are classified as available-for-sale or held-to-maturity each reporting period to determine whether\\na significant event or change in circumstances has occurred that may have an adverse effect on the fair value of each investment.\\nWhen such events or changes occur, we evaluate the fair value compared to our cost basis in the investment. We also perform this\\nevaluation every reporting period for each investment for which our cost basis has exceeded the fair value in the prior period. The\\nfair values of most of our Company’s investments in publicly traded companies are often readily available based on quoted market\\nprices. For investments in nonpublicly traded companies, management’s assessment of fair value is based on valuation\\nmethodologies including discounted cash flows, estimates of sales proceeds and appraisals, as appropriate. We consider the\\nassumptions that we believe hypothetical marketplace participants would use in evaluating estimated future cash flows when\\nemploying the discounted cash flow or estimates of sales proceeds valuation methodologies. The ability to accurately predict future\\ncash flows, especially in developing and emerging markets, may impact the determination of fair value.\"},{\"bbox\":[33.0,188.0,557.0,252.7],\"lines\":[{\"bbox\":[33.0,188.0,551.9,196.7],\"text\":\"In the event the fair value of an investment declines below our cost basis, management is required to determine if the decline in\"},{\"bbox\":[33.0,199.2,530.8,207.9],\"text\":\"fair value is other than temporary. If management determines the decline is other than temporary, an impairment charge is\"},{\"bbox\":[33.0,210.4,557.0,219.1],\"text\":\"recorded. Management’s assessment as to the nature of a decline in fair value is based on, among other things, the length of time\"},{\"bbox\":[33.0,221.6,556.9,230.3],\"text\":\"and the extent to which the market value has been less than our cost basis, the financial condition and near-term prospects of the\"},{\"bbox\":[33.0,232.8,548.0,241.5],\"text\":\"issuer, and our intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in\"},{\"bbox\":[33.0,244.0,87.3,252.7],\"text\":\"market value.\"}],\"order\":1,\"text\":\"In the event the fair value of an investment declines below our cost basis, management is required to determine if the decline in\\nfair value is other than temporary. If management determines the decline is other than temporary, an impairment charge is\\nrecorded. Management’s assessment as to the nature of a decline in fair value is based on, among other things, the length of time\\nand the extent to which the market value has been less than our cost basis, the financial condition and near-term prospects of the\\nissuer, and our intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in\\nmarket value.\"},{\"bbox\":[33.0,261.2,560.9,325.9],\"lines\":[{\"bbox\":[33.0,261.2,544.5,269.9],\"text\":\"In 2011, the Company recognized impairment charges of $17 million as a result of the other-than-temporary decline in the fair\"},{\"bbox\":[33.0,272.4,531.3,281.1],\"text\":\"value of available-for-sale securities. In addition, the Company recognized charges of $41 million during 2011 related to the\"},{\"bbox\":[33.0,283.6,551.2,292.3],\"text\":\"impairment of an investment in an entity accounted for under the equity method of accounting. Each of the impairment charges\"},{\"bbox\":[33.0,294.8,560.9,303.5],\"text\":\"mentioned above impacted the Corporate operating segment and was recorded in other income (loss) — net. Refer to the heading\"},{\"bbox\":[33.0,306.0,525.7,314.7],\"text\":\"‘‘Operations Review — Other Income (Loss) — Net’’ below and Note 16 and Note 17 of Notes to Consolidated Financial\"},{\"bbox\":[33.0,317.2,79.1,325.9],\"text\":\"Statements.\"}],\"order\":2,\"text\":\"In 2011, the Company recognized impairment charges of $17 million as a result of the other-than-temporary decline in the fair\\nvalue of available-for-sale securities. In addition, the Company recognized charges of $41 million during 2011 related to the\\nimpairment of an investment in an entity accounted for under the equity method of accounting. Each of the impairment charges\\nmentioned above impacted the Corporate operating segment and was recorded in other income (loss) — net. Refer to the heading\\n‘‘Operations Review — Other Income (Loss) — Net’’ below and Note 16 and Note 17 of Notes to Consolidated Financial\\nStatements.\"},{\"bbox\":[33.0,334.4,552.0,376.7],\"lines\":[{\"bbox\":[33.0,334.4,552.0,343.1],\"text\":\"In 2010, the Company recognized other-than-temporary impairments of $41 million related to certain available-for-sale securities\"},{\"bbox\":[33.0,345.6,532.3,354.3],\"text\":\"and an equity method investment. These impairment charges were recorded in other income (loss) — net and impacted the\"},{\"bbox\":[33.0,356.8,529.1,365.5],\"text\":\"Bottling Investments and Corporate operating segments. Refer to Note 16 and Note 17 of Notes to Consolidated Financial\"},{\"bbox\":[33.0,368.0,79.1,376.7],\"text\":\"Statements.\"}],\"order\":3,\"text\":\"In 2010, the Company recognized other-than-temporary impairments of $41 million related to certain available-for-sale securities\\nand an equity method investment. These impairment charges were recorded in other income (loss) — net and impacted the\\nBottling Investments and Corporate operating segments. Refer to Note 16 and Note 17 of Notes to Consolidated Financial\\nStatements.\"},{\"bbox\":[33.0,385.2,560.2,461.1],\"lines\":[{\"bbox\":[33.0,385.2,534.4,393.9],\"text\":\"In 2009, the Company recorded a charge of $27 million in other income (loss) — net as a result of an other-than-temporary\"},{\"bbox\":[33.0,396.4,529.1,405.1],\"text\":\"decline in the fair value of a cost method investment. As of December 31, 2008, the estimated fair value of this investment\"},{\"bbox\":[33.0,407.6,560.2,416.3],\"text\":\"approximated the Company’s carrying value in the investment. However, in 2009, the Company was informed by the investee of its\"},{\"bbox\":[33.0,418.8,537.2,427.5],\"text\":\"intent to reorganize its capital structure in 2009, which resulted in the Company’s shares in the investee being canceled. As a\"},{\"bbox\":[33.0,430.0,536.7,438.7],\"text\":\"result, the Company determined that the decline in fair value of this cost method investment was other than temporary. This\"},{\"bbox\":[33.0,441.2,555.7,449.9],\"text\":\"impairment charge impacted the Corporate operating segment. Refer to Note 16 and Note 17 of Notes to Consolidated Financial\"},{\"bbox\":[33.0,452.4,79.1,461.1],\"text\":\"Statements.\"}],\"order\":4,\"text\":\"In 2009, the Company recorded a charge of $27 million in other income (loss) — net as a result of an other-than-temporary\\ndecline in the fair value of a cost method investment. As of December 31, 2008, the estimated fair value of this investment\\napproximated the Company’s carrying value in the investment. However, in 2009, the Company was informed by the investee of its\\nintent to reorganize its capital structure in 2009, which resulted in the Company’s shares in the investee being canceled. As a\\nresult, the Company determined that the decline in fair value of this cost method investment was other than temporary. This\\nimpairment charge impacted the Corporate operating segment. Refer to Note 16 and Note 17 of Notes to Consolidated Financial\\nStatements.\"},{\"bbox\":[33.0,469.6,531.9,489.5],\"lines\":[{\"bbox\":[33.0,469.6,531.9,478.3],\"text\":\"The following table presents the difference between calculated fair values, based on quoted closing prices of publicly traded\"},{\"bbox\":[33.0,480.8,523.9,489.5],\"text\":\"shares, and our Company’s cost basis in publicly traded bottlers accounted for as equity method investments (in millions):\"}],\"order\":5,\"text\":\"The following table presents the difference between calculated fair values, based on quoted closing prices of publicly traded\\nshares, and our Company’s cost basis in publicly traded bottlers accounted for as equity method investments (in millions):\"},{\"bbox\":[33.0,509.6,100.3,517.2],\"lines\":[{\"bbox\":[33.0,509.6,100.3,517.2],\"text\":\"December 31, 2011\"}],\"order\":6,\"text\":\"December 31, 2011\"},{\"bbox\":[451.0,501.6,470.5,517.2],\"lines\":[{\"bbox\":[456.9,501.6,470.5,509.2],\"text\":\"Fair\"},{\"bbox\":[451.0,509.6,470.5,517.2],\"text\":\"Value\"}],\"order\":7,\"text\":\"Fair\\nValue\"},{\"bbox\":[482.5,501.6,512.3,517.2],\"lines\":[{\"bbox\":[482.5,501.6,512.3,509.2],\"text\":\"Carrying\"},{\"bbox\":[492.8,509.6,512.3,517.2],\"text\":\"Value\"}],\"order\":8,\"text\":\"Carrying\\nValue\"},{\"bbox\":[524.3,509.6,561.0,517.2],\"lines\":[{\"bbox\":[524.3,509.6,561.0,517.2],\"text\":\"Difference\"}],\"order\":9,\"text\":\"Difference\"},{\"bbox\":[33.0,525.9,203.4,600.4],\"lines\":[{\"bbox\":[33.0,525.9,170.9,534.4],\"text\":\"Coca-Cola FEMSA, S.A.B. de C.V.\"},{\"bbox\":[33.0,536.9,137.1,545.4],\"text\":\"Coca-Cola Amatil Limited\"},{\"bbox\":[33.0,547.9,203.4,556.4],\"text\":\"Coca-Cola Hellenic Bottling Company S.A.\"},{\"bbox\":[33.0,558.9,121.3,567.4],\"text\":\"Coca-Cola Icecek A.S.\"},{\"bbox\":[33.0,569.9,131.8,578.4],\"text\":\"Coca-Cola Central Japan\"},{\"bbox\":[33.0,580.9,181.1,589.4],\"text\":\"Embotelladoras Coca-Cola Polar S.A.\"},{\"bbox\":[33.0,591.9,179.1,600.4],\"text\":\"Coca-Cola Bottling Co. Consolidated\"}],\"order\":10,\"text\":\"Coca-Cola FEMSA, S.A.B. de C.V.\\nCoca-Cola Amatil Limited\\nCoca-Cola Hellenic Bottling Company S.A.\\nCoca-Cola Icecek A.S.\\nCoca-Cola Central Japan\\nEmbotelladoras Coca-Cola Polar S.A.\\nCoca-Cola Bottling Co. Consolidated\"},{\"bbox\":[436.8,525.9,441.3,534.4],\"lines\":[{\"bbox\":[436.8,525.9,441.3,534.4],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[450.3,525.9,470.5,600.4],\"lines\":[{\"bbox\":[450.3,525.9,470.5,534.4],\"text\":\"5,532\"},{\"bbox\":[450.3,536.9,470.5,545.4],\"text\":\"2,551\"},{\"bbox\":[450.3,547.9,470.5,556.4],\"text\":\"1,506\"},{\"bbox\":[457.0,558.9,470.5,567.4],\"text\":\"622\"},{\"bbox\":[457.0,569.9,470.5,578.4],\"text\":\"183\"},{\"bbox\":[457.0,580.9,470.5,589.4],\"text\":\"154\"},{\"bbox\":[457.0,591.9,470.5,600.4],\"text\":\"145\"}],\"order\":12,\"text\":\"5,532\\n2,551\\n1,506\\n622\\n183\\n154\\n145\"},{\"bbox\":[482.8,525.9,512.1,600.4],\"lines\":[{\"bbox\":[482.8,525.9,512.1,534.4],\"text\":\"$ 1,569\"},{\"bbox\":[498.5,536.9,512.0,545.4],\"text\":\"999\"},{\"bbox\":[491.8,547.9,512.1,556.4],\"text\":\"1,442\"},{\"bbox\":[498.5,558.9,512.0,567.4],\"text\":\"155\"},{\"bbox\":[498.5,569.9,512.0,578.4],\"text\":\"186\"},{\"bbox\":[503.0,580.9,512.0,589.4],\"text\":\"86\"},{\"bbox\":[503.0,591.9,512.0,600.4],\"text\":\"84\"}],\"order\":13,\"text\":\"$ 1,569\\n999\\n1,442\\n155\\n186\\n86\\n84\"},{\"bbox\":[531.8,525.9,564.4,600.4],\"lines\":[{\"bbox\":[531.8,525.9,561.0,534.4],\"text\":\"$ 3,963\"},{\"bbox\":[540.8,536.9,561.0,545.4],\"text\":\"1,552\"},{\"bbox\":[552.0,547.9,561.0,556.4],\"text\":\"64\"},{\"bbox\":[547.5,558.9,561.0,567.4],\"text\":\"467\"},{\"bbox\":[553.1,569.9,564.4,578.4],\"text\":\"(3)\"},{\"bbox\":[552.0,580.9,561.0,589.4],\"text\":\"68\"},{\"bbox\":[552.0,591.9,561.0,600.4],\"text\":\"61\"}],\"order\":14,\"text\":\"$ 3,963\\n1,552\\n64\\n467\\n(3)\\n68\\n61\"},{\"bbox\":[33.0,606.9,52.3,615.4],\"lines\":[{\"bbox\":[33.0,606.9,52.3,615.4],\"text\":\"Total\"}],\"order\":15,\"text\":\"Total\"},{\"bbox\":[436.8,606.9,470.5,615.4],\"lines\":[{\"bbox\":[436.8,606.9,470.5,615.4],\"text\":\"$ 10,693\"}],\"order\":16,\"text\":\"$ 10,693\"},{\"bbox\":[482.8,606.9,512.1,615.4],\"lines\":[{\"bbox\":[482.8,606.9,512.1,615.4],\"text\":\"$ 4,521\"}],\"order\":17,\"text\":\"$ 4,521\"},{\"bbox\":[531.8,606.9,561.0,615.4],\"lines\":[{\"bbox\":[531.8,606.9,561.0,615.4],\"text\":\"$ 6,172\"}],\"order\":18,\"text\":\"$ 6,172\"},{\"bbox\":[292.0,721.8,302.0,731.3],\"lines\":[{\"bbox\":[292.0,721.8,302.0,731.3],\"text\":\"37\"}],\"order\":19,\"text\":\"37\"}],\"doc\":\"fintabnet:KO_2011\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"Investments classified as trading securities are not assessed for impairment, since they are carried at fair value with the change in\\nfair value included in net income. We review our investments in equity and debt securities that are accounted for using the equity\\nmethod or cost method or that are classified as available-for-sale or held-to-maturity each reporting period to determine whether\\na significant event or change in circumstances has occurred that may have an adverse effect on the fair value of each investment.\\nWhen such events or changes occur, we evaluate the fair value compared to our cost basis in the investment. We also perform this\\nevaluation every reporting period for each investment for which our cost basis has exceeded the fair value in the prior period. The\\nfair values of most of our Company’s investments in publicly traded companies are often readily available based on quoted market\\nprices. For investments in nonpublicly traded companies, management’s assessment of fair value is based on valuation\\nmethodologies including discounted cash flows, estimates of sales proceeds and appraisals, as appropriate. We consider the\\nassumptions that we believe hypothetical marketplace participants would use in evaluating estimated future cash flows when\\nemploying the discounted cash flow or estimates of sales proceeds valuation methodologies. The ability to accurately predict future\\ncash flows, especially in developing and emerging markets, may impact the determination of fair value.\\n\\nIn the event the fair value of an investment declines below our cost basis, management is required to determine if the decline in\\nfair value is other than temporary. If management determines the decline is other than temporary, an impairment charge is\\nrecorded. Management’s assessment as to the nature of a decline in fair value is based on, among other things, the length of time\\nand the extent to which the market value has been less than our cost basis, the financial condition and near-term prospects of the\\nissuer, and our intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in\\nmarket value.\\n\\nIn 2011, the Company recognized impairment charges of $17 million as a result of the other-than-temporary decline in the fair\\nvalue of available-for-sale securities. In addition, the Company recognized charges of $41 million during 2011 related to the\\nimpairment of an investment in an entity accounted for under the equity method of accounting. Each of the impairment charges\\nmentioned above impacted the Corporate operating segment and was recorded in other income (loss) — net. Refer to the heading\\n‘‘Operations Review — Other Income (Loss) — Net’’ below and Note 16 and Note 17 of Notes to Consolidated Financial\\nStatements.\\n\\nIn 2010, the Company recognized other-than-temporary impairments of $41 million related to certain available-for-sale securities\\nand an equity method investment. These impairment charges were recorded in other income (loss) — net and impacted the\\nBottling Investments and Corporate operating segments. Refer to Note 16 and Note 17 of Notes to Consolidated Financial\\nStatements.\\n\\nIn 2009, the Company recorded a charge of $27 million in other income (loss) — net as a result of an other-than-temporary\\ndecline in the fair value of a cost method investment. As of December 31, 2008, the estimated fair value of this investment\\napproximated the Company’s carrying value in the investment. However, in 2009, the Company was informed by the investee of its\\nintent to reorganize its capital structure in 2009, which resulted in the Company’s shares in the investee being canceled. As a\\nresult, the Company determined that the decline in fair value of this cost method investment was other than temporary. This\\nimpairment charge impacted the Corporate operating segment. Refer to Note 16 and Note 17 of Notes to Consolidated Financial\\nStatements.\\n\\nThe following table presents the difference between calculated fair values, based on quoted closing prices of publicly traded\\nshares, and our Company’s cost basis in publicly traded bottlers accounted for as equity method investments (in millions):\\n\\nDecember 31, 2011\\n\\nFair\\nValue\\n\\nCarrying\\nValue\\n\\nDifference\\n\\nCoca-Cola FEMSA, S.A.B. de C.V.\\nCoca-Cola Amatil Limited\\nCoca-Cola Hellenic Bottling Company S.A.\\nCoca-Cola Icecek A.S.\\nCoca-Cola Central Japan\\nEmbotelladoras Coca-Cola Polar S.A.\\nCoca-Cola Bottling Co. Consolidated\\n\\n$\\n\\n5,532\\n2,551\\n1,506\\n622\\n183\\n154\\n145\\n\\n$ 1,569\\n999\\n1,442\\n155\\n186\\n86\\n84\\n\\n$ 3,963\\n1,552\\n64\\n467\\n(3)\\n68\\n61\\n\\nTotal\\n\\n$ 10,693\\n\\n$ 4,521\\n\\n$ 6,172\\n\\n37\",\"name\":\"fintabnet.KO_2011_page_39__72dpi_mild\",\"page_id\":\"fintabnet.KO_2011_page_39\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"KO_2011_page_39\",\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.489},{\"gain\":0.906,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":88}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[33.0,499.6,564.4,615.6],\"block_orders\":[6,7,8,9,10,11,12,13,14,15,16,17,18],\"cells\":null}],\"text\":\"Investments classified as trading securities are not assessed for impairment, since they are carried at fair value with the change in\\nfair value included in net income. We review our investments in equity and debt securities that are accounted for using the equity\\nmethod or cost method or that are classified as available-for-sale or held-to-maturity each reporting period to determine whether\\na significant event or change in circumstances has occurred that may have an adverse effect on the fair value of each investment.\\nWhen such events or changes occur, we evaluate the fair value compared to our cost basis in the investment. We also perform this\\nevaluation every reporting period for each investment for which our cost basis has exceeded the fair value in the prior period. The\\nfair values of most of our Company’s investments in publicly traded companies are often readily available based on quoted market\\nprices. For investments in nonpublicly traded companies, management’s assessment of fair value is based on valuation\\nmethodologies including discounted cash flows, estimates of sales proceeds and appraisals, as appropriate. We consider the\\nassumptions that we believe hypothetical marketplace participants would use in evaluating estimated future cash flows when\\nemploying the discounted cash flow or estimates of sales proceeds valuation methodologies. The ability to accurately predict future\\ncash flows, especially in developing and emerging markets, may impact the determination of fair value.\\n\\nIn the event the fair value of an investment declines below our cost basis, management is required to determine if the decline in\\nfair value is other than temporary. If management determines the decline is other than temporary, an impairment charge is\\nrecorded. Management’s assessment as to the nature of a decline in fair value is based on, among other things, the length of time\\nand the extent to which the market value has been less than our cost basis, the financial condition and near-term prospects of the\\nissuer, and our intent and ability to retain the investment for a period of time sufficient to allow for any anticipated recovery in\\nmarket value.\\n\\nIn 2011, the Company recognized impairment charges of $17 million as a result of the other-than-temporary decline in the fair\\nvalue of available-for-sale securities. In addition, the Company recognized charges of $41 million during 2011 related to the\\nimpairment of an investment in an entity accounted for under the equity method of accounting. Each of the impairment charges\\nmentioned above impacted the Corporate operating segment and was recorded in other income (loss) — net. Refer to the heading\\n‘‘Operations Review — Other Income (Loss) — Net’’ below and Note 16 and Note 17 of Notes to Consolidated Financial\\nStatements.\\n\\nIn 2010, the Company recognized other-than-temporary impairments of $41 million related to certain available-for-sale securities\\nand an equity method investment. These impairment charges were recorded in other income (loss) — net and impacted the\\nBottling Investments and Corporate operating segments. Refer to Note 16 and Note 17 of Notes to Consolidated Financial\\nStatements.\\n\\nIn 2009, the Company recorded a charge of $27 million in other income (loss) — net as a result of an other-than-temporary\\ndecline in the fair value of a cost method investment. As of December 31, 2008, the estimated fair value of this investment\\napproximated the Company’s carrying value in the investment. However, in 2009, the Company was informed by the investee of its\\nintent to reorganize its capital structure in 2009, which resulted in the Company’s shares in the investee being canceled. As a\\nresult, the Company determined that the decline in fair value of this cost method investment was other than temporary. This\\nimpairment charge impacted the Corporate operating segment. Refer to Note 16 and Note 17 of Notes to Consolidated Financial\\nStatements.\\n\\nThe following table presents the difference between calculated fair values, based on quoted closing prices of publicly traded\\nshares, and our Company’s cost basis in publicly traded bottlers accounted for as equity method investments (in millions):\\n\\nDecember 31, 2011\\n\\nFair\\nValue\\n\\nCarrying\\nValue\\n\\nDifference\\n\\nCoca-Cola FEMSA, S.A.B. de C.V.\\nCoca-Cola Amatil Limited\\nCoca-Cola Hellenic Bottling Company S.A.\\nCoca-Cola Icecek A.S.\\nCoca-Cola Central Japan\\nEmbotelladoras Coca-Cola Polar S.A.\\nCoca-Cola Bottling Co. 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.\"},{\"bbox\":[153.6,681.0,183.1,691.8],\"lines\":[{\"bbox\":[153.6,681.0,183.1,691.8],\"text\":\"649,472\"}],\"order\":163,\"text\":\"649,472\"},{\"bbox\":[222.5,683.0,252.1,693.9],\"lines\":[{\"bbox\":[222.5,683.0,252.1,693.9],\"text\":\"505,579\"}],\"order\":164,\"text\":\"505,579\"},{\"bbox\":[291.5,685.1,321.0,696.0],\"lines\":[{\"bbox\":[291.5,685.1,321.0,696.0],\"text\":\"342,836\"}],\"order\":165,\"text\":\"342,836\"},{\"bbox\":[360.5,687.2,390.0,698.1],\"lines\":[{\"bbox\":[360.5,687.2,390.0,698.1],\"text\":\"268,000\"}],\"order\":166,\"text\":\"268,000\"},{\"bbox\":[429.4,689.3,459.0,700.2],\"lines\":[{\"bbox\":[429.4,689.3,459.0,700.2],\"text\":\"243,000\"}],\"order\":167,\"text\":\"243,000\"},{\"bbox\":[498.4,691.4,527.9,702.2],\"lines\":[{\"bbox\":[498.4,691.4,527.9,702.2],\"text\":\"225,000\"}],\"order\":168,\"text\":\"225,000\"},{\"bbox\":[47.5,690.9,117.7,703.0],\"lines\":[{\"bbox\":[47.5,690.9,117.7,703.0],\"text\":\"Other . . . . . . . . . . .\"}],\"order\":169,\"text\":\"Other . . . . . . . . . . .\"},{\"bbox\":[153.1,695.0,182.7,705.8],\"lines\":[{\"bbox\":[153.1,695.0,182.7,705.8],\"text\":\"485,699\"}],\"order\":170,\"text\":\"485,699\"},{\"bbox\":[222.1,697.0,251.7,707.9],\"lines\":[{\"bbox\":[222.1,697.0,251.7,707.9],\"text\":\"333,232\"}],\"order\":171,\"text\":\"333,232\"},{\"bbox\":[291.1,699.1,320.6,710.0],\"lines\":[{\"bbox\":[291.1,699.1,320.6,710.0],\"text\":\"189,658\"}],\"order\":172,\"text\":\"189,658\"},{\"bbox\":[360.0,701.2,389.6,712.1],\"lines\":[{\"bbox\":[360.0,701.2,389.6,712.1],\"text\":\"413,000\"}],\"order\":173,\"text\":\"413,000\"},{\"bbox\":[429.0,703.3,458.6,714.2],\"lines\":[{\"bbox\":[429.0,703.3,458.6,714.2],\"text\":\"365,000\"}],\"order\":174,\"text\":\"365,000\"},{\"bbox\":[498.0,705.4,527.5,716.2],\"lines\":[{\"bbox\":[498.0,705.4,527.5,716.2],\"text\":\"384,000\"}],\"order\":175,\"text\":\"384,000\"},{\"bbox\":[146.0,708.7,182.3,719.8],\"lines\":[{\"bbox\":[146.0,708.7,182.3,719.8],\"text\":\"5,785,743\"}],\"order\":176,\"text\":\"5,785,743\"},{\"bbox\":[214.9,710.8,251.2,721.9],\"lines\":[{\"bbox\":[214.9,710.8,251.2,721.9],\"text\":\"4,144,493\"}],\"order\":177,\"text\":\"4,144,493\"},{\"bbox\":[283.9,712.9,320.2,724.0],\"lines\":[{\"bbox\":[283.9,712.9,320.2,724.0],\"text\":\"2,844,442\"}],\"order\":178,\"text\":\"2,844,442\"},{\"bbox\":[359.6,715.2,389.2,726.1],\"lines\":[{\"bbox\":[359.6,715.2,389.2,726.1],\"text\":\"304,000\"}],\"order\":179,\"text\":\"304,000\"},{\"bbox\":[428.6,717.3,458.1,728.1],\"lines\":[{\"bbox\":[428.6,717.3,458.1,728.1],\"text\":\"264,000\"}],\"order\":180,\"text\":\"264,000\"},{\"bbox\":[497.6,719.4,527.1,730.2],\"lines\":[{\"bbox\":[497.6,719.4,527.1,730.2],\"text\":\"249,000\"}],\"order\":181,\"text\":\"249,000\"},{\"bbox\":[65.0,705.5,127.8,718.1],\"lines\":[{\"bbox\":[65.0,705.5,127.8,718.1],\"text\":\"Total . . . . . . . $\"}],\"order\":182,\"text\":\"Total . . . . . . . $\"},{\"bbox\":[354.3,618.1,370.6,627.5],\"lines\":[{\"bbox\":[354.3,618.1,370.6,627.5],\"text\":\"2013\"}],\"order\":183,\"text\":\"2013\"},{\"bbox\":[332.4,630.4,337.2,640.5],\"lines\":[{\"bbox\":[332.4,630.4,337.2,640.5],\"text\":\"$\"}],\"order\":184,\"text\":\"$\"},{\"bbox\":[329.9,714.3,334.7,724.4],\"lines\":[{\"bbox\":[329.9,714.3,334.7,724.4],\"text\":\"$\"}],\"order\":185,\"text\":\"$\"},{\"bbox\":[423.3,620.2,439.6,629.6],\"lines\":[{\"bbox\":[423.3,620.2,439.6,629.6],\"text\":\"2012\"}],\"order\":186,\"text\":\"2012\"},{\"bbox\":[492.5,622.3,508.7,631.7],\"lines\":[{\"bbox\":[492.5,622.3,508.7,631.7],\"text\":\"2011\"}],\"order\":187,\"text\":\"2011\"},{\"bbox\":[43.4,726.4,526.1,783.4],\"lines\":[{\"bbox\":[80.4,727.5,517.1,750.7],\"text\":\"Of the total dollar value of new orders above, $34.8 million, $54.4 million and $65.1 million represent the dollar value of\"},{\"bbox\":[44.1,737.2,518.7,761.6],\"text\":\"new orders from unconsolidated entities for the years ended November 30, 2013, 2012 and 2011, respectively. The new orders from\"},{\"bbox\":[43.7,748.0,525.4,772.6],\"text\":\"unconsolidated entities had an average sales price of $632,000, $556,000 and $664,000 for the years ended November 30, 2013, 2012\"},{\"bbox\":[43.4,758.8,126.2,771.3],\"text\":\"and 2011, respectively.\"}],\"order\":188,\"text\":\"Of the total dollar value of new orders above, $34.8 million, $54.4 million and $65.1 million represent the dollar value of\\nnew orders from unconsolidated entities for the years ended November 30, 2013, 2012 and 2011, respectively. The new orders from\\nunconsolidated entities had an average sales price of $632,000, $556,000 and $664,000 for the years ended November 30, 2013, 2012\\nand 2011, respectively.\"},{\"bbox\":[280.4,794.2,290.7,805.5],\"lines\":[{\"bbox\":[280.4,794.2,290.7,805.5],\"text\":\"38\"}],\"order\":189,\"text\":\"38\"}],\"doc\":\"fintabnet:LEN_2013\",\"dpi\":72,\"image_px\":[594,846],\"layout\":[],\"markdown\":\"Sales Incentives (1):\\n\\nYears Ended November 30,\\n\\n(In thousands)\\n\\n2013\\n\\n2012\\n\\n2011\\n\\nEast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\n163,039\\n\\n169,779\\n\\n148,424\\n\\nCentral. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n51,557\\n\\n49,028\\n\\n52,117\\n\\nWest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n29,542\\n\\n48,341\\n\\n54,000\\n\\nSoutheast Florida. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n47,504\\n\\n41,529\\n\\n33,092\\n\\nHouston . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n64,216\\n\\n62,497\\n\\n54,680\\n\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\n17,230\\n\\n17,050\\n\\n19,421\\n\\n373,088\\n\\n388,224\\n\\n361,734\\n\\nYears Ended November 30,\\n\\nAverage Sales Incentives Per\\nHome Delivered\\n\\n2013\\n\\n2012\\n\\nSales Incentives as a\\n% of Revenue\\n\\n2011\\n\\n2013\\n\\n2012\\n\\n2011\\n\\nEast . . . . . . . . . . . . $\\n\\n23,600\\n\\n31,300\\n\\n32,400\\n\\n8.2%\\n\\n11.7%\\n\\n12.8%\\n\\nCentral. . . . . . . . . .\\n\\n18,300\\n\\n22,800\\n\\n31,400\\n\\n6.5%\\n\\n9.1%\\n\\n12.8%\\n\\nWest. . . . . . . . . . . .\\n\\n9,000\\n\\n21,700\\n\\n30,900\\n\\n2.5%\\n\\n6.6%\\n\\n9.2%\\n\\nSoutheast Florida. .\\n\\n27,300\\n\\n31,600\\n\\n36,600\\n\\n8.6%\\n\\n10.5%\\n\\n12.0%\\n\\nHouston . . . . . . . . .\\n\\n28,300\\n\\n32,600\\n\\n38,800\\n\\n9.6%\\n\\n12.2%\\n\\n14.5%\\n\\nOther . . . . . . . . . . .\\n\\n14,300\\n\\n25,200\\n\\n43,400\\n\\n3.6%\\n\\n6.8%\\n\\n10.5%\\n\\n20,500\\n\\n28,300\\n\\n33,700\\n\\n6.6%\\n\\n10.0%\\n\\n12.1%\\n\\nTotal . . . . . . . $\\n\\n(1) Sales incentives relate to home deliveries during the period, excluding deliveries by unconsolidated entities.\\n\\nNew Orders (2):\\n\\nYears Ended November 30,\\n\\nHomes\\n\\n2013\\n\\n2012\\n\\n2011\\n\\nEast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n7,533\\n\\n5,868\\n\\n4,769\\n\\nCentral. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2,805\\n\\n2,498\\n\\n1,716\\n\\nWest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n3,231\\n\\n2,711\\n\\n1,965\\n\\nSoutheast Florida. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,879\\n\\n1,617\\n\\n947\\n\\nHouston . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2,419\\n\\n2,078\\n\\n1,521\\n\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,176\\n\\n912\\n\\n494\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n19,043\\n\\n15,684\\n\\n11,412\\n\\nOf the new orders above, 55, 98 and 98 represent new orders from unconsolidated entities for the years ended November 30,\\n2013, 2012 and 2011, respectively.\\n\\nYears Ended November 30,\\n\\nDollar Value (In thousands)\\n\\nAverage Sales Price\\n\\n2013\\n\\n2012\\n\\n2011\\n\\nEast . . . . . . . . . . . . $\\n\\n2,066,065\\n\\n1,438,268\\n\\n1,051,624\\n\\n274,000\\n\\n245,000\\n\\n221,000\\n\\nCentral. . . . . . . . . .\\n\\n763,895\\n\\n591,677\\n\\n367,274\\n\\n272,000\\n\\n237,000\\n\\n214,000\\n\\nWest. . . . . . . . . . . .\\n\\n1,243,831\\n\\n834,426\\n\\n638,418\\n\\n385,000\\n\\n308,000\\n\\n325,000\\n\\nSoutheast Florida. .\\n\\n576,781\\n\\n441,311\\n\\n254,632\\n\\n307,000\\n\\n273,000\\n\\n269,000\\n\\nHouston . . . . . . . . .\\n\\n649,472\\n\\n505,579\\n\\n342,836\\n\\n268,000\\n\\n243,000\\n\\n225,000\\n\\nOther . . . . . . . . . . .\\n\\n485,699\\n\\n333,232\\n\\n189,658\\n\\n413,000\\n\\n365,000\\n\\n384,000\\n\\n5,785,743\\n\\n4,144,493\\n\\n2,844,442\\n\\n304,000\\n\\n264,000\\n\\n249,000\\n\\nTotal . . . . . . . $\\n\\n2013\\n\\n$\\n\\n$\\n\\n2012\\n\\n2011\\n\\nOf the total dollar value of new orders above, $34.8 million, $54.4 million and $65.1 million represent the dollar value of\\nnew orders from unconsolidated entities for the years ended November 30, 2013, 2012 and 2011, respectively. The new orders from\\nunconsolidated entities had an average sales price of $632,000, $556,000 and $664,000 for the years ended November 30, 2013, 2012\\nand 2011, respectively.\\n\\n38\",\"name\":\"fintabnet.LEN_2013_page_44__72dpi_medium\",\"page_id\":\"fintabnet.LEN_2013_page_44\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.736,\"source\":\"fintabnet\",\"source_id\":\"LEN_2013_page_44\",\"stack\":[{\"deg\":-1.736,\"op\":\"skew\"},{\"amp\":0.131,\"angle\":309.5,\"blob\":0.48,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":7.865},{\"bias\":0.072,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":31}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[52.4,405.4,536.2,552.7],\"block_orders\":[94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126],\"cells\":null},{\"bbox\":[62.7,65.8,546.5,213.1],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33],\"cells\":null}],\"text\":\"Sales Incentives (1):\\n\\nYears Ended November 30,\\n\\n(In thousands)\\n\\n2013\\n\\n2012\\n\\n2011\\n\\nEast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\n163,039\\n\\n169,779\\n\\n148,424\\n\\nCentral. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n51,557\\n\\n49,028\\n\\n52,117\\n\\nWest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n29,542\\n\\n48,341\\n\\n54,000\\n\\nSoutheast Florida. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n47,504\\n\\n41,529\\n\\n33,092\\n\\nHouston . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n64,216\\n\\n62,497\\n\\n54,680\\n\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\n17,230\\n\\n17,050\\n\\n19,421\\n\\n373,088\\n\\n388,224\\n\\n361,734\\n\\nYears Ended November 30,\\n\\nAverage Sales Incentives Per\\nHome Delivered\\n\\n2013\\n\\n2012\\n\\nSales Incentives as a\\n% of Revenue\\n\\n2011\\n\\n2013\\n\\n2012\\n\\n2011\\n\\nEast . . . . . . . . . . . . $\\n\\n23,600\\n\\n31,300\\n\\n32,400\\n\\n8.2%\\n\\n11.7%\\n\\n12.8%\\n\\nCentral. . . . . . . . . .\\n\\n18,300\\n\\n22,800\\n\\n31,400\\n\\n6.5%\\n\\n9.1%\\n\\n12.8%\\n\\nWest. . . . . . . . . . . .\\n\\n9,000\\n\\n21,700\\n\\n30,900\\n\\n2.5%\\n\\n6.6%\\n\\n9.2%\\n\\nSoutheast Florida. .\\n\\n27,300\\n\\n31,600\\n\\n36,600\\n\\n8.6%\\n\\n10.5%\\n\\n12.0%\\n\\nHouston . . . . . . . . .\\n\\n28,300\\n\\n32,600\\n\\n38,800\\n\\n9.6%\\n\\n12.2%\\n\\n14.5%\\n\\nOther . . . . . . . . . . .\\n\\n14,300\\n\\n25,200\\n\\n43,400\\n\\n3.6%\\n\\n6.8%\\n\\n10.5%\\n\\n20,500\\n\\n28,300\\n\\n33,700\\n\\n6.6%\\n\\n10.0%\\n\\n12.1%\\n\\nTotal . . . . . . . $\\n\\n(1) Sales incentives relate to home deliveries during the period, excluding deliveries by unconsolidated entities.\\n\\nNew Orders (2):\\n\\nYears Ended November 30,\\n\\nHomes\\n\\n2013\\n\\n2012\\n\\n2011\\n\\nEast . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n7,533\\n\\n5,868\\n\\n4,769\\n\\nCentral. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2,805\\n\\n2,498\\n\\n1,716\\n\\nWest. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n3,231\\n\\n2,711\\n\\n1,965\\n\\nSoutheast Florida. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,879\\n\\n1,617\\n\\n947\\n\\nHouston . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2,419\\n\\n2,078\\n\\n1,521\\n\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,176\\n\\n912\\n\\n494\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n19,043\\n\\n15,684\\n\\n11,412\\n\\nOf the new orders above, 55, 98 and 98 represent new orders from unconsolidated entities for the years ended November 30,\\n2013, 2012 and 2011, respectively.\\n\\nYears Ended November 30,\\n\\nDollar Value (In thousands)\\n\\nAverage Sales Price\\n\\n2013\\n\\n2012\\n\\n2011\\n\\nEast . . . . . . . . . . . . $\\n\\n2,066,065\\n\\n1,438,268\\n\\n1,051,624\\n\\n274,000\\n\\n245,000\\n\\n221,000\\n\\nCentral. . . . . . . . . .\\n\\n763,895\\n\\n591,677\\n\\n367,274\\n\\n272,000\\n\\n237,000\\n\\n214,000\\n\\nWest. . . . . . . . . . . .\\n\\n1,243,831\\n\\n834,426\\n\\n638,418\\n\\n385,000\\n\\n308,000\\n\\n325,000\\n\\nSoutheast Florida. .\\n\\n576,781\\n\\n441,311\\n\\n254,632\\n\\n307,000\\n\\n273,000\\n\\n269,000\\n\\nHouston . . . . . . . . .\\n\\n649,472\\n\\n505,579\\n\\n342,836\\n\\n268,000\\n\\n243,000\\n\\n225,000\\n\\nOther . . . . . . . . . . .\\n\\n485,699\\n\\n333,232\\n\\n189,658\\n\\n413,000\\n\\n365,000\\n\\n384,000\\n\\n5,785,743\\n\\n4,144,493\\n\\n2,844,442\\n\\n304,000\\n\\n264,000\\n\\n249,000\\n\\nTotal . . . . . . . $\\n\\n2013\\n\\n$\\n\\n$\\n\\n2012\\n\\n2011\\n\\nOf the total dollar value of new orders above, $34.8 million, $54.4 million and $65.1 million represent the dollar value of\\nnew orders from unconsolidated entities for the years ended November 30, 2013, 2012 and 2011, respectively. The new orders from\\nunconsolidated entities had an average sales price of $632,000, $556,000 and $664,000 for the years ended November 30, 2013, 2012\\nand 2011, respectively.\\n\\n38\"},\"name\":\"fintabnet.LEN_2013_page_44__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":18237,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:LEN_2013\",\"dpi\":72,\"gt_sha256\":\"7444b1a6b96ec7fa5cecd77b2170a61f228600990d17947a997430b2cd96d671\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.LEN_2013_page_44__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.LEN_2013_page_44\",\"pdf_sha256\":\"c214698702347b91adacda1a3dc3105610c64cb982477753b82448da90b1013f\",\"px\":[594,846],\"scan\":{\"render\":\"0000001c202a202a07fe6eaa2faa3038007c602a387e0ffc6afe3ffc7ffc0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"LEN_2013_page_44\",\"src\":{\"file_sha256\":\"a2bb749c51589be7212140d59ce3de3f3393a029fe296572c00de5693ab15fb1\",\"render\":\"0000007c002e007e0ffc0eaa1ffe2010007e4020207e0ffe0aa81ffe3ffc0000\",\"text\":\"832b10ac68b3ea5e10f1b6c3af206ecde560c5ec07c8825eb3909ca31cce913d\"},\"stack\":[{\"deg\":-1.736,\"op\":\"skew\"},{\"amp\":0.131,\"angle\":309.5,\"blob\":0.48,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":7.865},{\"bias\":0.072,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":31}],\"tools\":\"21647cade0ee\"},\"sha256\":\"c214698702347b91adacda1a3dc3105610c64cb982477753b82448da90b1013f\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/c214698702347b91adacda1a3dc3105610c64cb982477753b82448da90b1013f.pdf","asset_sha256":"c214698702347b91adacda1a3dc3105610c64cb982477753b82448da90b1013f","document_id":"fintabnet:LEN_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"LEN_2013_page_44\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"LKQ_2018_page_96\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:LKQ_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[104.2,85.1,396.8,108.1],\"lines\":[{\"bbox\":[104.2,85.1,396.8,108.1],\"text\":\"Note 10. Long-Term Obligations\"}],\"order\":0,\"text\":\"Note 10. Long-Term Obligations\"},{\"bbox\":[179.2,122.6,698.3,145.6],\"lines\":[{\"bbox\":[179.2,122.6,698.3,145.6],\"text\":\"Long-term obligations consist of the following (in thousands):\"}],\"order\":1,\"text\":\"Long-term obligations consist of the following (in thousands):\"},{\"bbox\":[980.7,166.4,1077.8,184.9],\"lines\":[{\"bbox\":[980.7,166.4,1077.8,184.9],\"text\":\"December 31,\"}],\"order\":2,\"text\":\"December 31,\"},{\"bbox\":[940.6,193.5,974.0,212.0],\"lines\":[{\"bbox\":[940.6,193.5,974.0,212.0],\"text\":\"2018\"}],\"order\":3,\"text\":\"2018\"},{\"bbox\":[108.3,218.3,833.3,699.7],\"lines\":[{\"bbox\":[108.3,218.3,382.0,241.3],\"text\":\"Senior secured credit agreement:\"},{\"bbox\":[145.8,249.5,309.4,272.6],\"text\":\"Term loans payable\"},{\"bbox\":[145.8,280.8,362.2,303.8],\"text\":\"Revolving credit facilities\"},{\"bbox\":[108.3,312.0,259.9,335.1],\"text\":\"U.S. Notes (2023)\"},{\"bbox\":[108.3,343.3,263.4,366.3],\"text\":\"Euro Notes (2024)\"},{\"bbox\":[108.3,374.5,290.0,397.6],\"text\":\"Euro Notes (2026/28)\"},{\"bbox\":[108.3,405.8,390.7,428.8],\"text\":\"Receivables securitization facility\"},{\"bbox\":[108.3,437.0,830.4,460.1],\"text\":\"Notes payable through May 2027 at weighted average interest rates of 2.0% and 1.4%,\"},{\"bbox\":[127.1,457.9,227.8,480.9],\"text\":\"respectively\"},{\"bbox\":[108.3,489.1,833.3,512.2],\"text\":\"Other long-term debt at weighted average interest rates of 2.5% and 1.7%, respectively\"},{\"bbox\":[108.3,520.4,192.7,543.4],\"text\":\"Total debt\"},{\"bbox\":[108.3,551.6,403.4,574.7],\"text\":\"Less: long-term debt issuance costs\"},{\"bbox\":[108.3,582.9,380.3,605.9],\"text\":\"Less: current debt issuance costs\"},{\"bbox\":[108.3,614.1,414.9,637.2],\"text\":\"Total debt, net of debt issuance costs\"},{\"bbox\":[108.3,645.4,527.3,668.4],\"text\":\"Less: current maturities, net of debt issuance costs\"},{\"bbox\":[108.3,676.6,459.0,699.7],\"text\":\"Long term debt, net of debt issuance costs\"}],\"order\":4,\"text\":\"Senior secured credit agreement:\\nTerm loans payable\\nRevolving credit facilities\\nU.S. Notes (2023)\\nEuro Notes (2024)\\nEuro Notes (2026/28)\\nReceivables securitization facility\\nNotes payable through May 2027 at weighted average interest rates of 2.0% and 1.4%,\\nrespectively\\nOther long-term debt at weighted average interest rates of 2.5% and 1.7%, respectively\\nTotal debt\\nLess: long-term debt issuance costs\\nLess: current debt issuance costs\\nTotal debt, net of debt issuance costs\\nLess: current maturities, net of debt issuance costs\\nLong term debt, net of debt issuance costs\"},{\"bbox\":[895.8,251.4,906.3,274.5],\"lines\":[{\"bbox\":[895.8,251.4,906.3,274.5],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[895.8,678.5,906.3,701.5],\"lines\":[{\"bbox\":[895.8,678.5,906.3,701.5],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[1084.4,193.5,1117.7,212.0],\"lines\":[{\"bbox\":[1084.4,193.5,1117.7,212.0],\"text\":\"2017\"}],\"order\":7,\"text\":\"2017\"},{\"bbox\":[934.7,251.4,1018.0,460.1],\"lines\":[{\"bbox\":[950.3,251.4,1018.0,274.5],\"text\":\"350,000\"},{\"bbox\":[934.7,282.6,1018.0,305.7],\"text\":\"1,387,177\"},{\"bbox\":[950.3,313.9,1018.0,337.0],\"text\":\"600,000\"},{\"bbox\":[950.3,345.1,1018.0,368.2],\"text\":\"573,350\"},{\"bbox\":[934.7,376.4,1018.0,399.5],\"text\":\"1,146,700\"},{\"bbox\":[950.3,407.6,1018.0,430.7],\"text\":\"110,000\"},{\"bbox\":[960.7,437.0,1018.0,460.1],\"text\":\"23,056\"}],\"order\":8,\"text\":\"350,000\\n1,387,177\\n600,000\\n573,350\\n1,146,700\\n110,000\\n23,056\"},{\"bbox\":[1039.6,251.4,1050.0,274.5],\"lines\":[{\"bbox\":[1039.6,251.4,1050.0,274.5],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[1078.4,251.4,1161.8,460.1],\"lines\":[{\"bbox\":[1094.1,251.4,1161.8,274.5],\"text\":\"704,800\"},{\"bbox\":[1078.4,282.6,1161.8,305.7],\"text\":\"1,283,551\"},{\"bbox\":[1094.1,313.9,1161.8,337.0],\"text\":\"600,000\"},{\"bbox\":[1094.1,345.1,1161.8,368.2],\"text\":\"600,150\"},{\"bbox\":[1140.9,376.4,1161.8,399.5],\"text\":\"—\"},{\"bbox\":[1094.1,407.6,1161.8,430.7],\"text\":\"100,000\"},{\"bbox\":[1104.5,437.0,1161.8,460.1],\"text\":\"29,146\"}],\"order\":10,\"text\":\"704,800\\n1,283,551\\n600,000\\n600,150\\n—\\n100,000\\n29,146\"},{\"bbox\":[934.7,491.0,1025.0,576.4],\"lines\":[{\"bbox\":[950.3,491.0,1018.0,514.0],\"text\":\"157,414\"},{\"bbox\":[934.7,522.2,1018.0,545.3],\"text\":\"4,347,697\"},{\"bbox\":[953.8,553.4,1025.0,576.4],\"text\":\"(36,906)\"}],\"order\":11,\"text\":\"157,414\\n4,347,697\\n(36,906)\"},{\"bbox\":[1078.4,491.0,1168.7,576.4],\"lines\":[{\"bbox\":[1094.1,491.0,1161.8,514.0],\"text\":\"110,633\"},{\"bbox\":[1078.4,522.2,1161.8,545.3],\"text\":\"3,428,280\"},{\"bbox\":[1097.5,553.4,1168.7,576.4],\"text\":\"(21,476)\"}],\"order\":12,\"text\":\"110,633\\n3,428,280\\n(21,476)\"},{\"bbox\":[979.8,584.6,1025.0,607.7],\"lines\":[{\"bbox\":[979.8,584.6,1025.0,607.7],\"text\":\"(291)\"}],\"order\":13,\"text\":\"(291)\"},{\"bbox\":[1107.9,584.6,1168.7,607.7],\"lines\":[{\"bbox\":[1107.9,584.6,1168.7,607.7],\"text\":\"(2,824)\"}],\"order\":14,\"text\":\"(2,824)\"},{\"bbox\":[934.7,616.0,1025.0,670.2],\"lines\":[{\"bbox\":[934.7,616.0,1018.0,639.0],\"text\":\"4,310,500\"},{\"bbox\":[943.3,647.1,1025.0,670.2],\"text\":\"(121,826)\"}],\"order\":15,\"text\":\"4,310,500\\n(121,826)\"},{\"bbox\":[1078.4,616.0,1168.7,670.2],\"lines\":[{\"bbox\":[1078.4,616.0,1161.8,639.0],\"text\":\"3,403,980\"},{\"bbox\":[1087.1,647.1,1168.7,670.2],\"text\":\"(126,360)\"}],\"order\":16,\"text\":\"3,403,980\\n(126,360)\"},{\"bbox\":[934.7,678.5,1018.0,701.5],\"lines\":[{\"bbox\":[934.7,678.5,1018.0,701.5],\"text\":\"4,188,674\"}],\"order\":17,\"text\":\"4,188,674\"},{\"bbox\":[1039.6,678.5,1050.0,701.5],\"lines\":[{\"bbox\":[1039.6,678.5,1050.0,701.5],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[1078.4,678.5,1161.8,701.5],\"lines\":[{\"bbox\":[1078.4,678.5,1161.8,701.5],\"text\":\"3,277,620\"}],\"order\":19,\"text\":\"3,277,620\"},{\"bbox\":[179.2,749.7,1138.5,772.7],\"lines\":[{\"bbox\":[179.2,749.7,1138.5,772.7],\"text\":\"The scheduled maturities of long-term obligations outstanding at December 31, 2018 are as follows (in thousands):\"}],\"order\":20,\"text\":\"The scheduled maturities of long-term obligations outstanding at December 31, 2018 are as follows (in thousands):\"},{\"bbox\":[324.0,820.4,410.7,999.7],\"lines\":[{\"bbox\":[324.0,820.4,365.6,843.4],\"text\":\"2019\"},{\"bbox\":[324.0,851.6,365.6,874.7],\"text\":\"2020\"},{\"bbox\":[324.0,882.9,365.6,905.9],\"text\":\"2021\"},{\"bbox\":[324.0,914.1,365.6,937.2],\"text\":\"2022\"},{\"bbox\":[324.0,945.4,365.6,968.4],\"text\":\"2023\"},{\"bbox\":[324.0,976.6,410.7,999.7],\"text\":\"Thereafter\"}],\"order\":21,\"text\":\"2019\\n2020\\n2021\\n2022\\n2023\\nThereafter\"},{\"bbox\":[824.0,822.2,834.4,845.3],\"lines\":[{\"bbox\":[824.0,822.2,834.4,845.3],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[324.0,822.2,946.1,1084.9],\"lines\":[{\"bbox\":[878.4,822.2,946.1,845.3],\"text\":\"122,117\"},{\"bbox\":[888.9,853.5,946.1,876.5],\"text\":\"49,193\"},{\"bbox\":[878.4,884.7,946.1,907.8],\"text\":\"137,192\"},{\"bbox\":[888.9,916.0,946.1,939.0],\"text\":\"24,410\"},{\"bbox\":[878.4,947.2,946.1,970.3],\"text\":\"621,560\"},{\"bbox\":[862.8,978.5,946.1,1001.5],\"text\":\"3,393,225\"},{\"bbox\":[412.8,1006.8,428.5,1021.8],\"text\":\"(1)\"},{\"bbox\":[324.0,1009.7,407.6,1032.8],\"text\":\"Total debt\"},{\"bbox\":[824.0,1009.7,946.1,1032.8],\"text\":\"$ 4,347,697\"},{\"bbox\":[324.0,1041.0,918.4,1064.0],\"text\":\"(1) The total debt amounts presented above exclude debt issuance costs\"},{\"bbox\":[324.0,1061.8,708.8,1084.9],\"text\":\"totaling $37 million as of December 31, 2018.\"}],\"order\":23,\"text\":\"122,117\\n49,193\\n137,192\\n24,410\\n621,560\\n3,393,225\\n(1)\\nTotal debt\\n$ 4,347,697\\n(1) The total debt amounts presented above exclude debt issuance costs\\ntotaling $37 million as of December 31, 2018.\"},{\"bbox\":[104.2,1124.7,382.1,1147.7],\"lines\":[{\"bbox\":[104.2,1124.7,382.1,1147.7],\"text\":\"Senior Secured Credit Agreement\"}],\"order\":24,\"text\":\"Senior Secured Credit Agreement\"},{\"bbox\":[104.2,1162.2,1158.9,1410.2],\"lines\":[{\"bbox\":[179.2,1162.2,1111.0,1185.2],\"text\":\"On November 20, 2018, LKQ Corporation, LKQ Delaware LLP, and certain other subsidiaries (collectively, the\"},{\"bbox\":[104.2,1187.2,1132.8,1210.2],\"text\":\"\\\"Borrowers\\\") entered into Amendment No. 3 to the Fourth Amended and Restated Credit Agreement (\\\"Credit Agreement\\\"),\"},{\"bbox\":[104.2,1212.2,1158.9,1235.2],\"text\":\"which amended the Fourth Amended and Restated Credit Agreement dated January 29, 2016 by modifying certain terms to (1)\"},{\"bbox\":[104.2,1237.2,1157.4,1260.2],\"text\":\"increase the total availability under the revolving credit facility's multicurrency component from $2.75 billion to $3.15 billion;\"},{\"bbox\":[104.2,1262.2,1130.8,1285.2],\"text\":\"(2) reduce the margin on borrowings by 25 basis points at the September 30, 2018 leverage ratio, and reduce the number of\"},{\"bbox\":[104.2,1287.2,1080.2,1310.2],\"text\":\"leverage pricing tiers; (3) extend the maturity date by one year to January 29, 2024; (4) reduce the unused facility fee\"},{\"bbox\":[104.2,1312.2,1080.8,1335.2],\"text\":\"depending on leverage category; (5) increase the capacity for incurring additional indebtedness under our receivables\"},{\"bbox\":[104.2,1337.2,1134.2,1360.2],\"text\":\"securitization facility; (6) increase the maximum borrowing limit of swingline loans and add the ability to borrow in British\"},{\"bbox\":[104.2,1362.2,1107.5,1385.2],\"text\":\"Pounds and Euros; and (7) make other immaterial or clarifying modifications and amendments to the terms of the Credit\"},{\"bbox\":[104.2,1387.2,691.4,1410.2],\"text\":\"Agreement. Borrowings will continue to bear interest at variable rates.\"}],\"order\":25,\"text\":\"On November 20, 2018, LKQ Corporation, LKQ Delaware LLP, and certain other subsidiaries (collectively, the\\n\\\"Borrowers\\\") entered into Amendment No. 3 to the Fourth Amended and Restated Credit Agreement (\\\"Credit Agreement\\\"),\\nwhich amended the Fourth Amended and Restated Credit Agreement dated January 29, 2016 by modifying certain terms to (1)\\nincrease the total availability under the revolving credit facility's multicurrency component from $2.75 billion to $3.15 billion;\\n(2) reduce the margin on borrowings by 25 basis points at the September 30, 2018 leverage ratio, and reduce the number of\\nleverage pricing tiers; (3) extend the maturity date by one year to January 29, 2024; (4) reduce the unused facility fee\\ndepending on leverage category; (5) increase the capacity for incurring additional indebtedness under our receivables\\nsecuritization facility; (6) increase the maximum borrowing limit of swingline loans and add the ability to borrow in British\\nPounds and Euros; and (7) make other immaterial or clarifying modifications and amendments to the terms of the Credit\\nAgreement. Borrowings will continue to bear interest at variable rates.\"},{\"bbox\":[104.2,1424.7,1169.0,1522.7],\"lines\":[{\"bbox\":[179.2,1424.7,1169.0,1447.7],\"text\":\"Amounts under the revolving credit facility are due and payable upon maturity of the Credit Agreement on January 29,\"},{\"bbox\":[104.2,1449.7,1154.8,1472.7],\"text\":\"2024. Term loan borrowings, which total $350 million as of December 31, 2018, are due and payable in quarterly installments\"},{\"bbox\":[104.2,1474.7,1161.2,1497.7],\"text\":\"equal to $2 million on the last day of each of the first four fiscal quarters ending on or after March 31, 2019 and approximately\"},{\"bbox\":[104.2,1499.7,1137.8,1522.7],\"text\":\"$4 million on the last day of each fiscal quarter thereafter, with the remaining balance due and payable on January 29, 2024.\"}],\"order\":26,\"text\":\"Amounts under the revolving credit facility are due and payable upon maturity of the Credit Agreement on January 29,\\n2024. Term loan borrowings, which total $350 million as of December 31, 2018, are due and payable in quarterly installments\\nequal to $2 million on the last day of each of the first four fiscal quarters ending on or after March 31, 2019 and approximately\\n$4 million on the last day of each fiscal quarter thereafter, with the remaining balance due and payable on January 29, 2024.\"},{\"bbox\":[627.1,1565.6,647.9,1588.7],\"lines\":[{\"bbox\":[627.1,1565.6,647.9,1588.7],\"text\":\"96\"}],\"order\":27,\"text\":\"96\"}],\"doc\":\"fintabnet:LKQ_2018\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Note 10. Long-Term Obligations\\n\\nLong-term obligations consist of the following (in thousands):\\n\\nDecember 31,\\n\\n2018\\n\\nSenior secured credit agreement:\\nTerm loans payable\\nRevolving credit facilities\\nU.S. Notes (2023)\\nEuro Notes (2024)\\nEuro Notes (2026/28)\\nReceivables securitization facility\\nNotes payable through May 2027 at weighted average interest rates of 2.0% and 1.4%,\\nrespectively\\nOther long-term debt at weighted average interest rates of 2.5% and 1.7%, respectively\\nTotal debt\\nLess: long-term debt issuance costs\\nLess: current debt issuance costs\\nTotal debt, net of debt issuance costs\\nLess: current maturities, net of debt issuance costs\\nLong term debt, net of debt issuance costs\\n\\n$\\n\\n$\\n\\n2017\\n\\n350,000\\n1,387,177\\n600,000\\n573,350\\n1,146,700\\n110,000\\n23,056\\n\\n$\\n\\n704,800\\n1,283,551\\n600,000\\n600,150\\n—\\n100,000\\n29,146\\n\\n157,414\\n4,347,697\\n(36,906)\\n\\n110,633\\n3,428,280\\n(21,476)\\n\\n(291)\\n\\n(2,824)\\n\\n4,310,500\\n(121,826)\\n\\n3,403,980\\n(126,360)\\n\\n4,188,674\\n\\n$\\n\\n3,277,620\\n\\nThe scheduled maturities of long-term obligations outstanding at December 31, 2018 are as follows (in thousands):\\n\\n2019\\n2020\\n2021\\n2022\\n2023\\nThereafter\\n\\n$\\n\\n122,117\\n49,193\\n137,192\\n24,410\\n621,560\\n3,393,225\\n(1)\\nTotal debt\\n$ 4,347,697\\n(1) The total debt amounts presented above exclude debt issuance costs\\ntotaling $37 million as of December 31, 2018.\\n\\nSenior Secured Credit Agreement\\n\\nOn November 20, 2018, LKQ Corporation, LKQ Delaware LLP, and certain other subsidiaries (collectively, the\\n\\\"Borrowers\\\") entered into Amendment No. 3 to the Fourth Amended and Restated Credit Agreement (\\\"Credit Agreement\\\"),\\nwhich amended the Fourth Amended and Restated Credit Agreement dated January 29, 2016 by modifying certain terms to (1)\\nincrease the total availability under the revolving credit facility's multicurrency component from $2.75 billion to $3.15 billion;\\n(2) reduce the margin on borrowings by 25 basis points at the September 30, 2018 leverage ratio, and reduce the number of\\nleverage pricing tiers; (3) extend the maturity date by one year to January 29, 2024; (4) reduce the unused facility fee\\ndepending on leverage category; (5) increase the capacity for incurring additional indebtedness under our receivables\\nsecuritization facility; (6) increase the maximum borrowing limit of swingline loans and add the ability to borrow in British\\nPounds and Euros; and (7) make other immaterial or clarifying modifications and amendments to the terms of the Credit\\nAgreement. Borrowings will continue to bear interest at variable rates.\\n\\nAmounts under the revolving credit facility are due and payable upon maturity of the Credit Agreement on January 29,\\n2024. Term loan borrowings, which total $350 million as of December 31, 2018, are due and payable in quarterly installments\\nequal to $2 million on the last day of each of the first four fiscal quarters ending on or after March 31, 2019 and approximately\\n$4 million on the last day of each fiscal quarter thereafter, with the remaining balance due and payable on January 29, 2024.\\n\\n96\",\"name\":\"fintabnet.LKQ_2018_page_96__150dpi_mild\",\"page_id\":\"fintabnet.LKQ_2018_page_96\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"LKQ_2018_page_96\",\"stack\":[{\"amp\":0.046,\"angle\":122.0,\"blob\":0.427,\"op\":\"illumination\"},{\"op\":\"jpeg\",\"q\":90}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[108.3,166.4,1168.7,701.5],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19],\"cells\":null}],\"text\":\"Note 10. Long-Term Obligations\\n\\nLong-term obligations consist of the following (in thousands):\\n\\nDecember 31,\\n\\n2018\\n\\nSenior secured credit agreement:\\nTerm loans payable\\nRevolving credit facilities\\nU.S. Notes (2023)\\nEuro Notes (2024)\\nEuro Notes (2026/28)\\nReceivables securitization facility\\nNotes payable through May 2027 at weighted average interest rates of 2.0% and 1.4%,\\nrespectively\\nOther long-term debt at weighted average interest rates of 2.5% and 1.7%, respectively\\nTotal debt\\nLess: long-term debt issuance costs\\nLess: current debt issuance costs\\nTotal debt, net of debt issuance costs\\nLess: current maturities, net of debt issuance costs\\nLong term debt, net of debt issuance costs\\n\\n$\\n\\n$\\n\\n2017\\n\\n350,000\\n1,387,177\\n600,000\\n573,350\\n1,146,700\\n110,000\\n23,056\\n\\n$\\n\\n704,800\\n1,283,551\\n600,000\\n600,150\\n—\\n100,000\\n29,146\\n\\n157,414\\n4,347,697\\n(36,906)\\n\\n110,633\\n3,428,280\\n(21,476)\\n\\n(291)\\n\\n(2,824)\\n\\n4,310,500\\n(121,826)\\n\\n3,403,980\\n(126,360)\\n\\n4,188,674\\n\\n$\\n\\n3,277,620\\n\\nThe scheduled maturities of long-term obligations outstanding at December 31, 2018 are as follows (in thousands):\\n\\n2019\\n2020\\n2021\\n2022\\n2023\\nThereafter\\n\\n$\\n\\n122,117\\n49,193\\n137,192\\n24,410\\n621,560\\n3,393,225\\n(1)\\nTotal debt\\n$ 4,347,697\\n(1) The total debt amounts presented above exclude debt issuance costs\\ntotaling $37 million as of December 31, 2018.\\n\\nSenior Secured Credit Agreement\\n\\nOn November 20, 2018, LKQ Corporation, LKQ Delaware LLP, and certain other subsidiaries (collectively, the\\n\\\"Borrowers\\\") entered into Amendment No. 3 to the Fourth Amended and Restated Credit Agreement (\\\"Credit Agreement\\\"),\\nwhich amended the Fourth Amended and Restated Credit Agreement dated January 29, 2016 by modifying certain terms to (1)\\nincrease the total availability under the revolving credit facility's multicurrency component from $2.75 billion to $3.15 billion;\\n(2) reduce the margin on borrowings by 25 basis points at the September 30, 2018 leverage ratio, and reduce the number of\\nleverage pricing tiers; (3) extend the maturity date by one year to January 29, 2024; (4) reduce the unused facility fee\\ndepending on leverage category; (5) increase the capacity for incurring additional indebtedness under our receivables\\nsecuritization facility; (6) increase the maximum borrowing limit of swingline loans and add the ability to borrow in British\\nPounds and Euros; and (7) make other immaterial or clarifying modifications and amendments to the terms of the Credit\\nAgreement. Borrowings will continue to bear interest at variable rates.\\n\\nAmounts under the revolving credit facility are due and payable upon maturity of the Credit Agreement on January 29,\\n2024. Term loan borrowings, which total $350 million as of December 31, 2018, are due and payable in quarterly installments\\nequal to $2 million on the last day of each of the first four fiscal quarters ending on or after March 31, 2019 and approximately\\n$4 million on the last day of each fiscal quarter thereafter, with the remaining balance due and payable on January 29, 2024.\\n\\n96\"},\"name\":\"fintabnet.LKQ_2018_page_96__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":380880,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:LKQ_2018\",\"dpi\":150,\"gt_sha256\":\"2f374cec97e9639b87a0d8226d460690fb206a121c730158aab86a33233c83b1\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.LKQ_2018_page_96__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.LKQ_2018_page_96\",\"pdf_sha256\":\"de6ff0a54d3d2e237943636baf5d96cc91fc8be1304da4b9c1950b95f95f9419\",\"px\":[1275,1650],\"scan\":{\"render\":\"00000000781e700a7fea781e7e1e0000081008300d007ffc7ffc7ffc7ffe0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"LKQ_2018_page_96\",\"src\":{\"file_sha256\":\"2edff05c608fdc1ecc5fe228977bf06d8f15baae83e75eae16723757d65e3e28\",\"render\":\"00000008781e700a7fee781e7e1e000008100c300f303ffc7ffc7ffc7ffc0000\",\"text\":\"60df1cd03ba7a2717cf01dace7d0759c9ebf1c58cfe9ba2918a4b8ac86f80427\"},\"stack\":[{\"amp\":0.046,\"angle\":122.0,\"blob\":0.427,\"op\":\"illumination\"},{\"op\":\"jpeg\",\"q\":90}],\"tools\":\"21647cade0ee\"},\"sha256\":\"de6ff0a54d3d2e237943636baf5d96cc91fc8be1304da4b9c1950b95f95f9419\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/de6ff0a54d3d2e237943636baf5d96cc91fc8be1304da4b9c1950b95f95f9419.pdf","asset_sha256":"de6ff0a54d3d2e237943636baf5d96cc91fc8be1304da4b9c1950b95f95f9419","document_id":"fintabnet:LKQ_2018","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"LKQ_2018_page_96\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"LMT_2007_page_102\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:LMT_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[80.0,32.2,273.3,51.7],\"lines\":[{\"bbox\":[80.0,32.2,273.3,51.7],\"text\":\"Net Sales by Customer Category\"}],\"order\":0,\"text\":\"Net Sales by Customer Category\"},{\"bbox\":[88.9,63.2,329.5,192.7],\"lines\":[{\"bbox\":[92.8,63.2,162.3,78.3],\"text\":\"(In millions)\"},{\"bbox\":[92.0,84.1,195.4,100.3],\"text\":\"U.S. Government\"},{\"bbox\":[105.3,101.2,172.8,116.3],\"text\":\"Aeronautics\"},{\"bbox\":[104.7,117.9,212.1,134.4],\"text\":\"Electronic Systems\"},{\"bbox\":[104.1,134.5,327.0,155.2],\"text\":\"Information Systems & Global Services\"},{\"bbox\":[103.5,151.2,186.9,166.9],\"text\":\"Space Systems\"},{\"bbox\":[130.5,173.0,160.3,186.8],\"text\":\"Total\"}],\"order\":1,\"text\":\"(In millions)\\nU.S. Government\\nAeronautics\\nElectronic Systems\\nInformation Systems & Global Services\\nSpace Systems\\nTotal\"},{\"bbox\":[582.4,80.8,610.6,94.4],\"lines\":[{\"bbox\":[582.4,80.8,610.6,94.4],\"text\":\"2007\"}],\"order\":2,\"text\":\"2007\"},{\"bbox\":[655.3,83.5,683.5,97.0],\"lines\":[{\"bbox\":[655.3,83.5,683.5,97.0],\"text\":\"2006\"}],\"order\":3,\"text\":\"2006\"},{\"bbox\":[728.1,86.1,756.3,99.6],\"lines\":[{\"bbox\":[728.1,86.1,756.3,99.6],\"text\":\"2005\"}],\"order\":4,\"text\":\"2005\"},{\"bbox\":[569.8,118.0,617.9,203.0],\"lines\":[{\"bbox\":[572.4,118.0,617.9,132.2],\"text\":\"$ 9,597\"},{\"bbox\":[585.7,135.2,617.3,148.8],\"text\":\"8,196\"},{\"bbox\":[585.1,151.8,616.7,165.5],\"text\":\"9,591\"},{\"bbox\":[584.5,168.5,616.1,182.1],\"text\":\"7,681\"},{\"bbox\":[569.8,188.8,615.4,203.0],\"text\":\"$35,065\"}],\"order\":5,\"text\":\"$ 9,597\\n8,196\\n9,591\\n7,681\\n$35,065\"},{\"bbox\":[642.7,120.6,690.8,205.8],\"lines\":[{\"bbox\":[645.2,120.6,690.8,135.0],\"text\":\"$ 9,578\"},{\"bbox\":[658.5,137.8,690.2,151.6],\"text\":\"8,006\"},{\"bbox\":[657.9,154.4,689.6,168.3],\"text\":\"8,484\"},{\"bbox\":[657.3,171.1,689.0,184.9],\"text\":\"7,185\"},{\"bbox\":[642.7,191.4,688.3,205.8],\"text\":\"$33,253\"}],\"order\":6,\"text\":\"$ 9,578\\n8,006\\n8,484\\n7,185\\n$33,253\"},{\"bbox\":[715.6,123.2,763.7,208.4],\"lines\":[{\"bbox\":[718.1,123.2,763.7,137.6],\"text\":\"$ 9,460\"},{\"bbox\":[731.4,140.4,763.1,154.2],\"text\":\"7,839\"},{\"bbox\":[730.8,157.1,762.5,170.9],\"text\":\"7,920\"},{\"bbox\":[730.2,173.7,761.9,187.6],\"text\":\"6,409\"},{\"bbox\":[715.6,194.0,761.1,208.4],\"text\":\"$31,628\"}],\"order\":7,\"text\":\"$ 9,460\\n7,839\\n7,920\\n6,409\\n$31,628\"},{\"bbox\":[84.7,200.6,324.6,309.3],\"lines\":[{\"bbox\":[87.8,200.6,240.7,218.7],\"text\":\"Foreign governments (a) (b)\"},{\"bbox\":[101.1,217.8,168.6,232.9],\"text\":\"Aeronautics\"},{\"bbox\":[100.5,234.5,207.9,251.0],\"text\":\"Electronic Systems\"},{\"bbox\":[99.9,251.1,322.8,271.8],\"text\":\"Information Systems & Global Services\"},{\"bbox\":[99.3,267.8,182.7,283.5],\"text\":\"Space Systems\"},{\"bbox\":[126.3,289.6,156.1,303.4],\"text\":\"Total\"}],\"order\":8,\"text\":\"Foreign governments (a) (b)\\nAeronautics\\nElectronic Systems\\nInformation Systems & Global Services\\nSpace Systems\\nTotal\"},{\"bbox\":[565.6,234.6,613.7,319.6],\"lines\":[{\"bbox\":[568.2,234.6,613.7,248.8],\"text\":\"$ 2,531\"},{\"bbox\":[581.5,251.8,613.1,265.4],\"text\":\"2,672\"},{\"bbox\":[591.3,268.8,612.5,282.1],\"text\":\"284\"},{\"bbox\":[597.6,285.7,611.9,298.7],\"text\":\"13\"},{\"bbox\":[565.6,305.4,611.2,319.6],\"text\":\"$ 5,500\"}],\"order\":9,\"text\":\"$ 2,531\\n2,672\\n284\\n13\\n$ 5,500\"},{\"bbox\":[638.5,237.2,686.6,322.3],\"lines\":[{\"bbox\":[641.0,237.2,686.6,251.6],\"text\":\"$ 2,581\"},{\"bbox\":[654.3,254.4,686.0,268.2],\"text\":\"2,362\"},{\"bbox\":[671.1,271.7,685.4,284.9],\"text\":\"91\"},{\"bbox\":[670.5,288.3,684.8,301.5],\"text\":\"11\"},{\"bbox\":[638.5,308.0,684.1,322.3],\"text\":\"$ 5,045\"}],\"order\":10,\"text\":\"$ 2,581\\n2,362\\n91\\n11\\n$ 5,045\"},{\"bbox\":[711.4,239.8,759.5,325.0],\"lines\":[{\"bbox\":[713.9,239.8,759.5,254.2],\"text\":\"$ 2,857\"},{\"bbox\":[727.2,257.0,758.9,270.8],\"text\":\"1,835\"},{\"bbox\":[737.0,274.0,758.3,287.5],\"text\":\"145\"},{\"bbox\":[736.4,290.7,750.7,303.9],\"text\":\"—\"},{\"bbox\":[711.4,310.6,756.9,325.0],\"text\":\"$ 4,837\"}],\"order\":11,\"text\":\"$ 2,857\\n1,835\\n145\\n—\\n$ 4,837\"},{\"bbox\":[564.0,351.2,571.4,364.0],\"lines\":[{\"bbox\":[564.0,351.2,571.4,364.0],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[636.8,353.8,644.2,366.8],\"lines\":[{\"bbox\":[636.8,353.8,644.2,366.8],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[709.7,356.4,717.1,369.4],\"lines\":[{\"bbox\":[709.7,356.4,717.1,369.4],\"text\":\"$\"}],\"order\":14,\"text\":\"$\"},{\"bbox\":[80.5,317.2,320.4,425.9],\"lines\":[{\"bbox\":[83.6,317.2,235.1,335.2],\"text\":\"Commercial and Other (b)\"},{\"bbox\":[96.9,334.4,164.4,349.5],\"text\":\"Aeronautics\"},{\"bbox\":[96.3,351.0,203.7,367.6],\"text\":\"Electronic Systems\"},{\"bbox\":[95.7,367.7,318.6,388.4],\"text\":\"Information Systems & Global Services\"},{\"bbox\":[95.1,384.4,178.5,400.1],\"text\":\"Space Systems\"},{\"bbox\":[122.1,406.2,151.9,419.9],\"text\":\"Total\"}],\"order\":15,\"text\":\"Commercial and Other (b)\\nAeronautics\\nElectronic Systems\\nInformation Systems & Global Services\\nSpace Systems\\nTotal\"},{\"bbox\":[89.7,464.3,98.9,472.0],\"lines\":[{\"bbox\":[89.7,464.3,98.9,472.0],\"text\":\"(a)\"}],\"order\":16,\"text\":\"(a)\"},{\"bbox\":[560.7,351.2,609.5,457.0],\"lines\":[{\"bbox\":[588.3,352.1,609.5,365.4],\"text\":\"175\"},{\"bbox\":[587.7,368.7,608.9,382.0],\"text\":\"275\"},{\"bbox\":[587.1,385.4,608.3,398.7],\"text\":\"338\"},{\"bbox\":[586.5,402.0,607.7,415.3],\"text\":\"509\"},{\"bbox\":[561.4,422.0,607.0,436.1],\"text\":\"$ 1,297\"},{\"bbox\":[560.7,442.8,606.2,457.0],\"text\":\"$41,862\"}],\"order\":17,\"text\":\"175\\n275\\n338\\n509\\n$ 1,297\\n$41,862\"},{\"bbox\":[633.6,353.8,682.4,459.8],\"lines\":[{\"bbox\":[668.1,354.9,682.4,368.1],\"text\":\"29\"},{\"bbox\":[660.5,371.3,681.8,384.8],\"text\":\"151\"},{\"bbox\":[659.9,388.0,681.2,401.5],\"text\":\"415\"},{\"bbox\":[659.3,404.7,680.6,418.1],\"text\":\"727\"},{\"bbox\":[634.3,424.6,679.9,438.9],\"text\":\"$ 1,322\"},{\"bbox\":[633.6,445.4,679.1,459.8],\"text\":\"$39,620\"}],\"order\":18,\"text\":\"29\\n151\\n415\\n727\\n$ 1,322\\n$39,620\"},{\"bbox\":[706.4,356.4,755.3,462.4],\"lines\":[{\"bbox\":[740.9,357.6,755.3,370.8],\"text\":\"32\"},{\"bbox\":[733.4,374.0,754.7,387.4],\"text\":\"137\"},{\"bbox\":[732.8,390.6,754.1,404.1],\"text\":\"168\"},{\"bbox\":[732.2,407.3,753.5,420.7],\"text\":\"411\"},{\"bbox\":[707.2,427.2,752.7,441.6],\"text\":\"$ 748\"},{\"bbox\":[706.4,448.0,752.0,462.4],\"text\":\"$37,213\"}],\"order\":19,\"text\":\"32\\n137\\n168\\n411\\n$ 748\\n$37,213\"},{\"bbox\":[112.8,465.2,764.5,545.9],\"lines\":[{\"bbox\":[114.5,465.2,764.5,500.0],\"text\":\"Sales made to foreign governments through the U.S. Government, or “foreign military sales,” are included in the foreign\"},{\"bbox\":[113.9,480.5,228.2,496.0],\"text\":\"governments category.\"},{\"bbox\":[113.4,495.8,763.4,530.6],\"text\":\"International sales, including export sales reflected in the foreign governments and commercial categories, were $6.3 billion, $5.6\"},{\"bbox\":[112.8,511.0,352.3,531.1],\"text\":\"billion and $5.1 billion in 2007, 2006 and 2005.\"}],\"order\":20,\"text\":\"Sales made to foreign governments through the U.S. Government, or “foreign military sales,” are included in the foreign\\ngovernments category.\\nInternational sales, including export sales reflected in the foreign governments and commercial categories, were $6.3 billion, $5.6\\nbillion and $5.1 billion in 2007, 2006 and 2005.\"},{\"bbox\":[88.6,494.8,98.3,502.6],\"lines\":[{\"bbox\":[88.6,494.8,98.3,502.6],\"text\":\"(b)\"}],\"order\":21,\"text\":\"(b)\"},{\"bbox\":[61.6,541.2,415.2,568.3],\"lines\":[{\"bbox\":[61.6,541.2,415.2,568.3],\"text\":\"Note 16 – Summary of Quarterly Information (Unaudited)\"}],\"order\":22,\"text\":\"Note 16 – Summary of Quarterly Information (Unaudited)\"},{\"bbox\":[98.3,594.4,298.1,701.7],\"lines\":[{\"bbox\":[101.5,594.4,298.1,614.0],\"text\":\"(In millions, except per share data)\"},{\"bbox\":[100.7,615.3,151.7,629.8],\"text\":\"Net sales\"},{\"bbox\":[100.1,631.8,202.9,648.3],\"text\":\"Operating profit (a)\"},{\"bbox\":[99.5,648.6,170.5,663.8],\"text\":\"Net earnings\"},{\"bbox\":[98.9,665.2,234.8,682.8],\"text\":\"Basic earnings per share\"},{\"bbox\":[98.3,681.8,259.1,700.4],\"text\":\"Diluted earnings per share (b)\"}],\"order\":23,\"text\":\"(In millions, except per share data)\\nNet sales\\nOperating profit (a)\\nNet earnings\\nBasic earnings per share\\nDiluted earnings per share (b)\"},{\"bbox\":[415.5,605.8,461.2,707.4],\"lines\":[{\"bbox\":[418.6,605.8,461.2,619.9],\"text\":\"First (c)\"},{\"bbox\":[419.8,626.7,458.4,640.7],\"text\":\"$9,275\"},{\"bbox\":[436.6,644.0,457.8,657.3],\"text\":\"985\"},{\"bbox\":[436.0,660.7,457.2,674.0],\"text\":\"690\"},{\"bbox\":[431.9,677.2,456.6,690.6],\"text\":\"1.64\"},{\"bbox\":[431.3,693.9,456.0,707.3],\"text\":\"1.60\"}],\"order\":24,\"text\":\"First (c)\\n$9,275\\n985\\n690\\n1.64\\n1.60\"},{\"bbox\":[492.2,589.2,633.2,713.5],\"lines\":[{\"bbox\":[526.2,590.3,611.8,605.9],\"text\":\"2007 Quarters\"},{\"bbox\":[495.4,608.5,552.7,623.2],\"text\":\"Second (d)\"},{\"bbox\":[592.1,612.1,627.3,625.9],\"text\":\"Third\"},{\"bbox\":[500.5,629.6,546.1,643.8],\"text\":\"$10,651\"},{\"bbox\":[586.2,632.7,631.7,646.9],\"text\":\"$11,095\"},{\"bbox\":[513.8,646.8,545.5,660.5],\"text\":\"1,164\"},{\"bbox\":[599.4,649.9,631.1,663.5],\"text\":\"1,163\"},{\"bbox\":[523.6,663.8,544.9,677.1],\"text\":\"778\"},{\"bbox\":[609.3,666.9,630.5,680.2],\"text\":\"766\"},{\"bbox\":[519.6,680.4,544.3,693.8],\"text\":\"1.87\"},{\"bbox\":[605.2,683.4,629.9,696.9],\"text\":\"1.85\"},{\"bbox\":[519.0,697.0,543.7,710.4],\"text\":\"1.82\"},{\"bbox\":[604.6,700.1,629.3,713.5],\"text\":\"1.80\"}],\"order\":25,\"text\":\"2007 Quarters\\nSecond (d)\\nThird\\n$10,651\\n$11,095\\n1,164\\n1,163\\n778\\n766\\n1.87\\n1.85\\n1.82\\n1.80\"},{\"bbox\":[666.6,614.9,715.3,716.5],\"lines\":[{\"bbox\":[671.4,614.9,713.5,629.0],\"text\":\"Fourth\"},{\"bbox\":[669.0,635.7,714.5,649.9],\"text\":\"$10,841\"},{\"bbox\":[682.2,652.9,713.9,666.5],\"text\":\"1,215\"},{\"bbox\":[692.1,669.9,713.3,683.2],\"text\":\"799\"},{\"bbox\":[688.0,686.4,712.7,699.8],\"text\":\"1.94\"},{\"bbox\":[687.4,703.1,712.1,716.5],\"text\":\"1.89\"}],\"order\":26,\"text\":\"Fourth\\n$10,841\\n1,215\\n799\\n1.94\\n1.89\"},{\"bbox\":[93.2,737.4,292.9,844.6],\"lines\":[{\"bbox\":[96.3,737.4,292.9,757.0],\"text\":\"(In millions, except per share data)\"},{\"bbox\":[95.6,758.2,146.5,772.8],\"text\":\"Net sales\"},{\"bbox\":[95.0,774.8,198.9,791.3],\"text\":\"Operating profit (a)\"},{\"bbox\":[94.4,791.5,165.4,806.8],\"text\":\"Net earnings\"},{\"bbox\":[93.8,808.2,229.7,825.8],\"text\":\"Basic earnings per share\"},{\"bbox\":[93.2,824.8,253.5,843.3],\"text\":\"Diluted earnings per share (a)\"}],\"order\":27,\"text\":\"(In millions, except per share data)\\nNet sales\\nOperating profit (a)\\nNet earnings\\nBasic earnings per share\\nDiluted earnings per share (a)\"},{\"bbox\":[411.9,748.8,454.5,850.4],\"lines\":[{\"bbox\":[415.0,748.8,454.5,763.0],\"text\":\"First (e)\"},{\"bbox\":[414.7,769.7,453.3,783.8],\"text\":\"$9,214\"},{\"bbox\":[431.4,787.0,452.7,800.4],\"text\":\"930\"},{\"bbox\":[430.8,803.6,452.1,817.1],\"text\":\"591\"},{\"bbox\":[426.8,820.2,451.5,833.8],\"text\":\"1.36\"},{\"bbox\":[426.2,836.8,450.9,850.4],\"text\":\"1.34\"}],\"order\":28,\"text\":\"First (e)\\n$9,214\\n930\\n591\\n1.36\\n1.34\"},{\"bbox\":[488.8,732.2,628.0,856.6],\"lines\":[{\"bbox\":[524.2,733.3,603.6,748.9],\"text\":\"2006 Quarters\"},{\"bbox\":[492.0,751.6,545.8,766.3],\"text\":\"Second (f)\"},{\"bbox\":[581.9,754.8,627.2,769.2],\"text\":\"Third (g)\"},{\"bbox\":[495.4,772.6,540.9,786.9],\"text\":\"$ 9,961\"},{\"bbox\":[581.0,775.7,626.6,790.0],\"text\":\"$ 9,605\"},{\"bbox\":[519.1,790.1,540.3,803.6],\"text\":\"903\"},{\"bbox\":[604.7,793.2,626.0,806.7],\"text\":\"867\"},{\"bbox\":[518.5,806.8,539.8,820.3],\"text\":\"580\"},{\"bbox\":[604.1,809.9,625.4,823.3],\"text\":\"629\"},{\"bbox\":[514.4,823.3,539.2,836.9],\"text\":\"1.35\"},{\"bbox\":[600.0,826.4,624.8,840.0],\"text\":\"1.48\"},{\"bbox\":[513.8,840.0,538.6,853.6],\"text\":\"1.34\"},{\"bbox\":[599.4,843.1,624.2,856.6],\"text\":\"1.46\"}],\"order\":29,\"text\":\"2006 Quarters\\nSecond (f)\\nThird (g)\\n$ 9,961\\n$ 9,605\\n903\\n867\\n580\\n629\\n1.35\\n1.48\\n1.34\\n1.46\"},{\"bbox\":[658.4,757.7,713.1,859.7],\"lines\":[{\"bbox\":[661.6,757.7,713.1,772.3],\"text\":\"Fourth (h)\"},{\"bbox\":[663.8,778.7,709.4,793.0],\"text\":\"$10,840\"},{\"bbox\":[677.1,795.8,708.8,809.7],\"text\":\"1,070\"},{\"bbox\":[686.9,812.8,708.2,826.3],\"text\":\"729\"},{\"bbox\":[682.8,829.4,707.6,843.0],\"text\":\"1.72\"},{\"bbox\":[682.2,846.0,707.0,859.6],\"text\":\"1.68\"}],\"order\":30,\"text\":\"Fourth (h)\\n$10,840\\n1,070\\n729\\n1.72\\n1.68\"},{\"bbox\":[87.8,863.1,97.1,870.8],\"lines\":[{\"bbox\":[87.8,863.1,97.1,870.8],\"text\":\"(a)\"}],\"order\":31,\"text\":\"(a)\"},{\"bbox\":[85.1,939.4,94.8,947.2],\"lines\":[{\"bbox\":[85.1,939.4,94.8,947.2],\"text\":\"(b)\"}],\"order\":32,\"text\":\"(b)\"},{\"bbox\":[108.8,864.0,750.2,1005.3],\"lines\":[{\"bbox\":[112.7,864.0,750.1,898.4],\"text\":\"Operating profit amounts for the first two quarters of 2007 and each of the quarters in 2006 reflect the reclassification of\"},{\"bbox\":[112.1,879.3,749.6,913.7],\"text\":\"interest income and certain debt-related items from Other income (expense), net to Other non-operating income (expense), net\"},{\"bbox\":[111.6,894.6,749.0,928.9],\"text\":\"(see Notes 1 and 9). Operating profit for those periods as disclosed in the respective Forms 10-Q was $1,022 million and\"},{\"bbox\":[111.0,909.8,748.5,944.2],\"text\":\"$1,231 million for 2007, and $971 million, $943 million and $851 million for 2006. Operating profit for the fourth quarter of\"},{\"bbox\":[110.5,925.1,419.7,947.7],\"text\":\"2006 as disclosed in the 2006 Form 10-K was $1,134 million.\"},{\"bbox\":[109.9,940.4,747.4,974.7],\"text\":\"The sum of the quarterly earnings per share amounts for 2007 and 2006 do not equal the diluted earnings per share amount\"},{\"bbox\":[109.4,955.7,746.9,990.0],\"text\":\"included on Statement of Earnings, primarily due to the dilutive effects of our convertible debentures (see Note 3) and the\"},{\"bbox\":[108.8,970.9,344.8,990.8],\"text\":\"timing of share repurchases during those years.\"}],\"order\":33,\"text\":\"Operating profit amounts for the first two quarters of 2007 and each of the quarters in 2006 reflect the reclassification of\\ninterest income and certain debt-related items from Other income (expense), net to Other non-operating income (expense), net\\n(see Notes 1 and 9). Operating profit for those periods as disclosed in the respective Forms 10-Q was $1,022 million and\\n$1,231 million for 2007, and $971 million, $943 million and $851 million for 2006. Operating profit for the fourth quarter of\\n2006 as disclosed in the 2006 Form 10-K was $1,134 million.\\nThe sum of the quarterly earnings per share amounts for 2007 and 2006 do not equal the diluted earnings per share amount\\nincluded on Statement of Earnings, primarily due to the dilutive effects of our convertible debentures (see Note 3) and the\\ntiming of share repurchases during those years.\"},{\"bbox\":[387.5,1027.2,401.8,1040.4],\"lines\":[{\"bbox\":[387.5,1027.2,401.8,1040.4],\"text\":\"94\"}],\"order\":34,\"text\":\"94\"}],\"doc\":\"fintabnet:LMT_2007\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"Net Sales by Customer Category\\n\\n(In millions)\\nU.S. Government\\nAeronautics\\nElectronic Systems\\nInformation Systems & Global Services\\nSpace Systems\\nTotal\\n\\n2007\\n\\n2006\\n\\n2005\\n\\n$ 9,597\\n8,196\\n9,591\\n7,681\\n$35,065\\n\\n$ 9,578\\n8,006\\n8,484\\n7,185\\n$33,253\\n\\n$ 9,460\\n7,839\\n7,920\\n6,409\\n$31,628\\n\\nForeign governments (a) (b)\\nAeronautics\\nElectronic Systems\\nInformation Systems & Global Services\\nSpace Systems\\nTotal\\n\\n$ 2,531\\n2,672\\n284\\n13\\n$ 5,500\\n\\n$ 2,581\\n2,362\\n91\\n11\\n$ 5,045\\n\\n$ 2,857\\n1,835\\n145\\n—\\n$ 4,837\\n\\n$\\n\\n$\\n\\n$\\n\\nCommercial and Other (b)\\nAeronautics\\nElectronic Systems\\nInformation Systems & Global Services\\nSpace Systems\\nTotal\\n\\n(a)\\n\\n175\\n275\\n338\\n509\\n$ 1,297\\n$41,862\\n\\n29\\n151\\n415\\n727\\n$ 1,322\\n$39,620\\n\\n32\\n137\\n168\\n411\\n$ 748\\n$37,213\\n\\nSales made to foreign governments through the U.S. Government, or “foreign military sales,” are included in the foreign\\ngovernments category.\\nInternational sales, including export sales reflected in the foreign governments and commercial categories, were $6.3 billion, $5.6\\nbillion and $5.1 billion in 2007, 2006 and 2005.\\n\\n(b)\\n\\nNote 16 – Summary of Quarterly Information (Unaudited)\\n\\n(In millions, except per share data)\\nNet sales\\nOperating profit (a)\\nNet earnings\\nBasic earnings per share\\nDiluted earnings per share (b)\\n\\nFirst (c)\\n$9,275\\n985\\n690\\n1.64\\n1.60\\n\\n2007 Quarters\\nSecond (d)\\nThird\\n$10,651\\n$11,095\\n1,164\\n1,163\\n778\\n766\\n1.87\\n1.85\\n1.82\\n1.80\\n\\nFourth\\n$10,841\\n1,215\\n799\\n1.94\\n1.89\\n\\n(In millions, except per share data)\\nNet sales\\nOperating profit (a)\\nNet earnings\\nBasic earnings per share\\nDiluted earnings per share (a)\\n\\nFirst (e)\\n$9,214\\n930\\n591\\n1.36\\n1.34\\n\\n2006 Quarters\\nSecond (f)\\nThird (g)\\n$ 9,961\\n$ 9,605\\n903\\n867\\n580\\n629\\n1.35\\n1.48\\n1.34\\n1.46\\n\\nFourth (h)\\n$10,840\\n1,070\\n729\\n1.72\\n1.68\\n\\n(a)\\n\\n(b)\\n\\nOperating profit amounts for the first two quarters of 2007 and each of the quarters in 2006 reflect the reclassification of\\ninterest income and certain debt-related items from Other income (expense), net to Other non-operating income (expense), net\\n(see Notes 1 and 9). Operating profit for those periods as disclosed in the respective Forms 10-Q was $1,022 million and\\n$1,231 million for 2007, and $971 million, $943 million and $851 million for 2006. Operating profit for the fourth quarter of\\n2006 as disclosed in the 2006 Form 10-K was $1,134 million.\\nThe sum of the quarterly earnings per share amounts for 2007 and 2006 do not equal the diluted earnings per share amount\\nincluded on Statement of Earnings, primarily due to the dilutive effects of our convertible debentures (see Note 3) and the\\ntiming of share repurchases during those years.\\n\\n94\",\"name\":\"fintabnet.LMT_2007_page_102__100dpi_heavy\",\"page_id\":\"fintabnet.LMT_2007_page_102\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.06,\"source\":\"fintabnet\",\"source_id\":\"LMT_2007_page_102\",\"stack\":[{\"deg\":-2.06,\"op\":\"skew\"},{\"amp\":0.251,\"angle\":111.6,\"blob\":0.344,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":6.678,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":11.331},{\"gain\":0.59,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":45}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[79.7,60.1,765.1,462.4],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,17,18,19],\"cells\":null},{\"bbox\":[93.2,571.8,719.0,859.7],\"block_orders\":[23,24,25,26,27,28,29,30],\"cells\":null}],\"text\":\"Net Sales by Customer Category\\n\\n(In millions)\\nU.S. Government\\nAeronautics\\nElectronic Systems\\nInformation Systems & Global Services\\nSpace Systems\\nTotal\\n\\n2007\\n\\n2006\\n\\n2005\\n\\n$ 9,597\\n8,196\\n9,591\\n7,681\\n$35,065\\n\\n$ 9,578\\n8,006\\n8,484\\n7,185\\n$33,253\\n\\n$ 9,460\\n7,839\\n7,920\\n6,409\\n$31,628\\n\\nForeign governments (a) (b)\\nAeronautics\\nElectronic Systems\\nInformation Systems & Global Services\\nSpace Systems\\nTotal\\n\\n$ 2,531\\n2,672\\n284\\n13\\n$ 5,500\\n\\n$ 2,581\\n2,362\\n91\\n11\\n$ 5,045\\n\\n$ 2,857\\n1,835\\n145\\n—\\n$ 4,837\\n\\n$\\n\\n$\\n\\n$\\n\\nCommercial and Other (b)\\nAeronautics\\nElectronic Systems\\nInformation Systems & Global Services\\nSpace Systems\\nTotal\\n\\n(a)\\n\\n175\\n275\\n338\\n509\\n$ 1,297\\n$41,862\\n\\n29\\n151\\n415\\n727\\n$ 1,322\\n$39,620\\n\\n32\\n137\\n168\\n411\\n$ 748\\n$37,213\\n\\nSales made to foreign governments through the U.S. Government, or “foreign military sales,” are included in the foreign\\ngovernments category.\\nInternational sales, including export sales reflected in the foreign governments and commercial categories, were $6.3 billion, $5.6\\nbillion and $5.1 billion in 2007, 2006 and 2005.\\n\\n(b)\\n\\nNote 16 – Summary of Quarterly Information (Unaudited)\\n\\n(In millions, except per share data)\\nNet sales\\nOperating profit (a)\\nNet earnings\\nBasic earnings per share\\nDiluted earnings per share (b)\\n\\nFirst (c)\\n$9,275\\n985\\n690\\n1.64\\n1.60\\n\\n2007 Quarters\\nSecond (d)\\nThird\\n$10,651\\n$11,095\\n1,164\\n1,163\\n778\\n766\\n1.87\\n1.85\\n1.82\\n1.80\\n\\nFourth\\n$10,841\\n1,215\\n799\\n1.94\\n1.89\\n\\n(In millions, except per share data)\\nNet sales\\nOperating profit (a)\\nNet earnings\\nBasic earnings per share\\nDiluted earnings per share (a)\\n\\nFirst (e)\\n$9,214\\n930\\n591\\n1.36\\n1.34\\n\\n2006 Quarters\\nSecond (f)\\nThird (g)\\n$ 9,961\\n$ 9,605\\n903\\n867\\n580\\n629\\n1.35\\n1.48\\n1.34\\n1.46\\n\\nFourth (h)\\n$10,840\\n1,070\\n729\\n1.72\\n1.68\\n\\n(a)\\n\\n(b)\\n\\nOperating profit amounts for the first two quarters of 2007 and each of the quarters in 2006 reflect the reclassification of\\ninterest income and certain debt-related items from Other income (expense), net to Other non-operating income (expense), net\\n(see Notes 1 and 9). Operating profit for those periods as disclosed in the respective Forms 10-Q was $1,022 million and\\n$1,231 million for 2007, and $971 million, $943 million and $851 million for 2006. Operating profit for the fourth quarter of\\n2006 as disclosed in the 2006 Form 10-K was $1,134 million.\\nThe sum of the quarterly earnings per share amounts for 2007 and 2006 do not equal the diluted earnings per share amount\\nincluded on Statement of Earnings, primarily due to the dilutive effects of our convertible debentures (see Note 3) and the\\ntiming of share repurchases during those years.\\n\\n94\"},\"name\":\"fintabnet.LMT_2007_page_102__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":73040,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:LMT_2007\",\"dpi\":100,\"gt_sha256\":\"6466703fe50872104213b84b8f657b9e65fecac78dab704c4884d5075d93a1f0\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.LMT_2007_page_102__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.LMT_2007_page_102\",\"pdf_sha256\":\"d561c0d9804b2e7eb6a6bf9f1d03269736f1686566825b1d375524d103d68833\",\"px\":[825,1075],\"scan\":{\"render\":\"000030003c12301030103010203e3c24600020bc303c30fcf8bcfffefffefffe\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"LMT_2007_page_102\",\"src\":{\"file_sha256\":\"2f538f39ee335c60a4d55189ff898777ec3e40702546b4403d81ce26341fb505\",\"render\":\"0000701a7ffe30107ffe30107ffe3ea01f3030fc38bc38fc38a43ffe3f900000\",\"text\":\"31f80cf57ee665dcdabb9299f44f9ed14ccc0896d7d286a367175142002f39f7\"},\"stack\":[{\"deg\":-2.06,\"op\":\"skew\"},{\"amp\":0.251,\"angle\":111.6,\"blob\":0.344,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":6.678,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":11.331},{\"gain\":0.59,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":45}],\"tools\":\"21647cade0ee\"},\"sha256\":\"d561c0d9804b2e7eb6a6bf9f1d03269736f1686566825b1d375524d103d68833\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/d561c0d9804b2e7eb6a6bf9f1d03269736f1686566825b1d375524d103d68833.pdf","asset_sha256":"d561c0d9804b2e7eb6a6bf9f1d03269736f1686566825b1d375524d103d68833","document_id":"fintabnet:LMT_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"LMT_2007_page_102\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"L_2008_page_104\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:L_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[307.0,110.9,1125.6,157.9],\"lines\":[{\"bbox\":[307.0,110.9,1125.6,133.9],\"text\":\"Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations\"},{\"bbox\":[675.5,134.9,1125.5,157.9],\"text\":\"Results of Operations – CNA Financial – (Continued)\"}],\"order\":0,\"text\":\"Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations\\nResults of Operations – CNA Financial – (Continued)\"},{\"bbox\":[150.0,207.1,287.2,230.1],\"lines\":[{\"bbox\":[150.0,207.1,287.2,230.1],\"text\":\"Standard Lines\"}],\"order\":1,\"text\":\"Standard Lines\"},{\"bbox\":[168.7,254.8,809.1,277.7],\"lines\":[{\"bbox\":[168.7,254.8,809.1,277.7],\"text\":\"The following table summarizes the results of operations for Standard Lines:\"}],\"order\":2,\"text\":\"The following table summarizes the results of operations for Standard Lines:\"},{\"bbox\":[150.0,302.9,378.5,350.9],\"lines\":[{\"bbox\":[150.0,302.9,378.5,325.9],\"text\":\"Year Ended December 31\"},{\"bbox\":[150.0,327.9,352.4,350.9],\"text\":\"(In millions, except %)\"}],\"order\":3,\"text\":\"Year Ended December 31\\n(In millions, except %)\"},{\"bbox\":[150.0,375.7,465.9,518.5],\"lines\":[{\"bbox\":[150.0,375.7,332.8,398.7],\"text\":\"Net written premiums\"},{\"bbox\":[150.0,399.6,329.3,422.6],\"text\":\"Net earned premiums\"},{\"bbox\":[150.0,423.6,343.2,446.6],\"text\":\"Net investment income\"},{\"bbox\":[150.0,447.5,330.4,470.4],\"text\":\"Net operating income\"},{\"bbox\":[150.0,471.5,465.9,494.5],\"text\":\"Net realized investment gains (losses)\"},{\"bbox\":[150.0,495.5,298.1,518.5],\"text\":\"Net income (loss)\"}],\"order\":4,\"text\":\"Net written premiums\\nNet earned premiums\\nNet investment income\\nNet operating income\\nNet realized investment gains (losses)\\nNet income (loss)\"},{\"bbox\":[150.0,543.4,450.8,663.3],\"lines\":[{\"bbox\":[150.0,543.4,208.9,566.4],\"text\":\"Ratios:\"},{\"bbox\":[169.5,567.4,450.8,590.4],\"text\":\"Loss and loss adjustment expense\"},{\"bbox\":[169.5,591.3,240.0,614.3],\"text\":\"Expense\"},{\"bbox\":[169.5,615.3,246.8,638.3],\"text\":\"Dividend\"},{\"bbox\":[169.5,640.3,256.1,663.3],\"text\":\"Combined\"}],\"order\":5,\"text\":\"Ratios:\\nLoss and loss adjustment expense\\nExpense\\nDividend\\nCombined\"},{\"bbox\":[770.7,302.9,812.3,325.9],\"lines\":[{\"bbox\":[770.7,302.9,812.3,325.9],\"text\":\"2008\"}],\"order\":6,\"text\":\"2008\"},{\"bbox\":[903.7,302.7,945.2,325.6],\"lines\":[{\"bbox\":[903.7,302.7,945.2,325.6],\"text\":\"2007\"}],\"order\":7,\"text\":\"2007\"},{\"bbox\":[1036.7,302.7,1078.2,325.6],\"lines\":[{\"bbox\":[1036.7,302.7,1078.2,325.6],\"text\":\"2006\"}],\"order\":8,\"text\":\"2006\"},{\"bbox\":[744.5,375.9,824.1,518.7],\"lines\":[{\"bbox\":[744.5,375.9,817.2,398.9],\"text\":\"$ 3,054\"},{\"bbox\":[770.5,399.8,817.2,422.8],\"text\":\"3,065\"},{\"bbox\":[786.1,423.8,817.2,446.8],\"text\":\"506\"},{\"bbox\":[786.1,447.7,817.2,470.7],\"text\":\"200\"},{\"bbox\":[779.1,471.7,824.1,494.7],\"text\":\"(285)\"},{\"bbox\":[789.5,495.7,824.1,518.7],\"text\":\"(85)\"}],\"order\":9,\"text\":\"$ 3,054\\n3,065\\n506\\n200\\n(285)\\n(85)\"},{\"bbox\":[877.5,375.7,957.1,518.5],\"lines\":[{\"bbox\":[877.5,375.7,950.2,398.7],\"text\":\"$ 3,267\"},{\"bbox\":[903.5,399.6,950.2,422.6],\"text\":\"3,379\"},{\"bbox\":[919.1,423.6,950.2,446.6],\"text\":\"878\"},{\"bbox\":[919.1,447.5,950.2,470.4],\"text\":\"536\"},{\"bbox\":[922.5,471.5,957.1,494.5],\"text\":\"(87)\"},{\"bbox\":[919.1,495.5,950.2,518.5],\"text\":\"449\"}],\"order\":10,\"text\":\"$ 3,267\\n3,379\\n878\\n536\\n(87)\\n449\"},{\"bbox\":[1010.5,375.7,1083.2,518.5],\"lines\":[{\"bbox\":[1010.5,375.7,1083.2,398.7],\"text\":\"$ 3,598\"},{\"bbox\":[1036.5,399.6,1083.2,422.6],\"text\":\"3,557\"},{\"bbox\":[1052.1,423.6,1083.2,446.6],\"text\":\"840\"},{\"bbox\":[1052.1,447.5,1083.2,470.4],\"text\":\"405\"},{\"bbox\":[1062.5,471.5,1083.2,494.5],\"text\":\"41\"},{\"bbox\":[1052.1,495.5,1083.2,518.5],\"text\":\"446\"}],\"order\":11,\"text\":\"$ 3,598\\n3,557\\n840\\n405\\n41\\n446\"},{\"bbox\":[779.2,567.6,836.3,614.5],\"lines\":[{\"bbox\":[779.2,567.6,836.3,590.6],\"text\":\"75.4%\"},{\"bbox\":[779.2,591.5,815.6,614.5],\"text\":\"31.6\"}],\"order\":12,\"text\":\"75.4%\\n31.6\"},{\"bbox\":[901.8,567.4,965.9,663.3],\"lines\":[{\"bbox\":[912.2,567.4,965.8,590.4],\"text\":\"67.4%\"},{\"bbox\":[912.2,591.3,948.6,614.3],\"text\":\"32.5\"},{\"bbox\":[922.6,615.3,948.6,638.3],\"text\":\"0.2\"},{\"bbox\":[901.8,640.3,965.9,663.3],\"text\":\"100.1%\"}],\"order\":13,\"text\":\"67.4%\\n32.5\\n0.2\\n100.1%\"},{\"bbox\":[768.8,640.5,836.4,663.5],\"lines\":[{\"bbox\":[768.8,640.5,836.4,663.5],\"text\":\"107.0%\"}],\"order\":14,\"text\":\"107.0%\"},{\"bbox\":[1034.8,567.4,1098.9,663.3],\"lines\":[{\"bbox\":[1045.2,567.4,1098.8,590.4],\"text\":\"72.5%\"},{\"bbox\":[1045.2,591.3,1081.5,614.3],\"text\":\"31.6\"},{\"bbox\":[1055.6,615.3,1081.5,638.3],\"text\":\"0.5\"},{\"bbox\":[1034.8,640.3,1098.9,663.3],\"text\":\"104.6%\"}],\"order\":15,\"text\":\"72.5%\\n31.6\\n0.5\\n104.6%\"},{\"bbox\":[150.0,693.2,375.2,716.2],\"lines\":[{\"bbox\":[150.0,693.2,375.2,716.2],\"text\":\"2008 Compared with 2007\"}],\"order\":16,\"text\":\"2008 Compared with 2007\"},{\"bbox\":[150.0,740.9,1125.9,883.6],\"lines\":[{\"bbox\":[168.7,740.9,1125.6,763.8],\"text\":\"Net written premiums for Standard Lines decreased $213 million in 2008 as compared with 2007. Premiums written in\"},{\"bbox\":[150.0,764.9,1125.3,787.8],\"text\":\"2008 were unfavorably impacted by competitive market conditions resulting in decreased production, as compared with\"},{\"bbox\":[150.0,788.7,1125.1,811.7],\"text\":\"2007, across both of CNA’s Business and Commercial Insurance groups. The competitive market conditions may put\"},{\"bbox\":[150.0,812.8,1125.2,835.7],\"text\":\"ongoing pressure on premium and income levels, and the expense ratio. This unfavorable impact was partially offset by\"},{\"bbox\":[150.0,836.8,1125.9,859.8],\"text\":\"decreased ceded premiums. Net earned premiums decreased $314 million in 2008 as compared with 2007, consistent\"},{\"bbox\":[150.0,860.7,493.8,883.6],\"text\":\"with the decreased net written premiums.\"}],\"order\":17,\"text\":\"Net written premiums for Standard Lines decreased $213 million in 2008 as compared with 2007. Premiums written in\\n2008 were unfavorably impacted by competitive market conditions resulting in decreased production, as compared with\\n2007, across both of CNA’s Business and Commercial Insurance groups. The competitive market conditions may put\\nongoing pressure on premium and income levels, and the expense ratio. This unfavorable impact was partially offset by\\ndecreased ceded premiums. Net earned premiums decreased $314 million in 2008 as compared with 2007, consistent\\nwith the decreased net written premiums.\"},{\"bbox\":[150.0,908.7,1125.0,979.6],\"lines\":[{\"bbox\":[168.7,908.7,1125.0,931.7],\"text\":\"Standard Lines averaged rate decreases of 5.0% for 2008, as compared to decreases of 4.0% for 2007 for the contracts\"},{\"bbox\":[150.0,932.6,1125.0,955.5],\"text\":\"that renewed during those periods. Retention rates of 82.0% and 78.0% were achieved for those contracts that were\"},{\"bbox\":[150.0,956.6,454.5,979.6],\"text\":\"available for renewal in each period.\"}],\"order\":18,\"text\":\"Standard Lines averaged rate decreases of 5.0% for 2008, as compared to decreases of 4.0% for 2007 for the contracts\\nthat renewed during those periods. Retention rates of 82.0% and 78.0% were achieved for those contracts that were\\navailable for renewal in each period.\"},{\"bbox\":[150.0,1004.5,1125.1,1075.5],\"lines\":[{\"bbox\":[168.7,1004.5,1124.6,1027.4],\"text\":\"Net results decreased $534 million in 2008 as compared with 2007. This decrease was attributable to decreased net\"},{\"bbox\":[150.0,1028.5,1125.1,1051.5],\"text\":\"operating income and higher net realized investment losses. See the Investments section of this MD&A for further\"},{\"bbox\":[150.0,1052.5,782.8,1075.5],\"text\":\"discussion of the net realized investment results and net investment income.\"}],\"order\":19,\"text\":\"Net results decreased $534 million in 2008 as compared with 2007. This decrease was attributable to decreased net\\noperating income and higher net realized investment losses. See the Investments section of this MD&A for further\\ndiscussion of the net realized investment results and net investment income.\"},{\"bbox\":[150.0,1100.4,1125.4,1195.3],\"lines\":[{\"bbox\":[168.7,1100.4,1125.2,1123.4],\"text\":\"Net operating income decreased $336 million in 2008 as compared with 2007. This decrease was primarily driven by\"},{\"bbox\":[150.0,1124.4,1125.4,1147.4],\"text\":\"significantly lower net investment income and higher catastrophe impacts. The catastrophe impacts were $204 million\"},{\"bbox\":[150.0,1148.3,1125.0,1171.3],\"text\":\"after tax and minority interest in 2008, which included a $6 million after tax and minority interest catastrophe-related\"},{\"bbox\":[150.0,1172.3,1070.5,1195.3],\"text\":\"insurance assessment, as compared to catastrophe losses of $43 million after tax and minority interest in 2007.\"}],\"order\":20,\"text\":\"Net operating income decreased $336 million in 2008 as compared with 2007. This decrease was primarily driven by\\nsignificantly lower net investment income and higher catastrophe impacts. The catastrophe impacts were $204 million\\nafter tax and minority interest in 2008, which included a $6 million after tax and minority interest catastrophe-related\\ninsurance assessment, as compared to catastrophe losses of $43 million after tax and minority interest in 2007.\"},{\"bbox\":[150.0,1220.2,1125.5,1339.1],\"lines\":[{\"bbox\":[168.7,1220.2,1125.1,1243.2],\"text\":\"In 2008, the amount due from policyholders related to losses under deductible policies within Standard Lines was\"},{\"bbox\":[150.0,1244.2,1125.5,1267.2],\"text\":\"reduced by $90 million for insolvent insureds. The reduction of this amount, which is reflected as unfavorable net prior\"},{\"bbox\":[150.0,1268.1,1125.1,1291.1],\"text\":\"year reserve development, had no effect on 2008 results of operations as CNA had previously recognized provisions in\"},{\"bbox\":[150.0,1292.1,1125.5,1315.1],\"text\":\"prior years. These impacts were reported in Insurance claims and policyholders’ benefits in the 2008 Consolidated\"},{\"bbox\":[150.0,1316.1,328.7,1339.1],\"text\":\"Statement of Income.\"}],\"order\":21,\"text\":\"In 2008, the amount due from policyholders related to losses under deductible policies within Standard Lines was\\nreduced by $90 million for insolvent insureds. The reduction of this amount, which is reflected as unfavorable net prior\\nyear reserve development, had no effect on 2008 results of operations as CNA had previously recognized provisions in\\nprior years. These impacts were reported in Insurance claims and policyholders’ benefits in the 2008 Consolidated\\nStatement of Income.\"},{\"bbox\":[150.0,1364.0,1125.0,1434.9],\"lines\":[{\"bbox\":[168.7,1364.0,1125.0,1387.0],\"text\":\"The combined ratio increased 6.9 points in 2008 as compared with 2007. The loss ratio increased 8.0 points primarily\"},{\"bbox\":[150.0,1388.0,1125.0,1411.0],\"text\":\"due to increased catastrophe losses. Catastrophes losses related to 2008 events had an adverse impact of 11.1 points on\"},{\"bbox\":[150.0,1411.9,793.9,1434.9],\"text\":\"the loss ratio in 2008 compared with an adverse impact of 2.2 points in 2007.\"}],\"order\":22,\"text\":\"The combined ratio increased 6.9 points in 2008 as compared with 2007. The loss ratio increased 8.0 points primarily\\ndue to increased catastrophe losses. Catastrophes losses related to 2008 events had an adverse impact of 11.1 points on\\nthe loss ratio in 2008 compared with an adverse impact of 2.2 points in 2007.\"},{\"bbox\":[150.0,1459.9,1125.4,1530.8],\"lines\":[{\"bbox\":[168.7,1459.9,1125.4,1482.9],\"text\":\"The expense ratio decreased 0.9 points in 2008 as compared with 2007 primarily related to changes in the assessment\"},{\"bbox\":[150.0,1483.8,1125.0,1506.8],\"text\":\"rates imposed by certain states for insurance-related assessments. The dividend ratio decreased 0.2 points in 2008 as\"},{\"bbox\":[150.0,1507.8,1125.3,1530.8],\"text\":\"compared with 2007 due to increased favorable dividend development in the workers’ compensation line of business.\"}],\"order\":23,\"text\":\"The expense ratio decreased 0.9 points in 2008 as compared with 2007 primarily related to changes in the assessment\\nrates imposed by certain states for insurance-related assessments. The dividend ratio decreased 0.2 points in 2008 as\\ncompared with 2007 due to increased favorable dividend development in the workers’ compensation line of business.\"},{\"bbox\":[627.0,1580.6,647.7,1603.6],\"lines\":[{\"bbox\":[627.0,1580.6,647.7,1603.6],\"text\":\"71\"}],\"order\":24,\"text\":\"71\"}],\"doc\":\"fintabnet:L_2008\",\"dpi\":150,\"image_px\":[1275,1632],\"layout\":[],\"markdown\":\"Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations\\nResults of Operations – CNA Financial – (Continued)\\n\\nStandard Lines\\n\\nThe following table summarizes the results of operations for Standard Lines:\\n\\nYear Ended December 31\\n(In millions, except %)\\n\\nNet written premiums\\nNet earned premiums\\nNet investment income\\nNet operating income\\nNet realized investment gains (losses)\\nNet income (loss)\\n\\nRatios:\\nLoss and loss adjustment expense\\nExpense\\nDividend\\nCombined\\n\\n2008\\n\\n2007\\n\\n2006\\n\\n$ 3,054\\n3,065\\n506\\n200\\n(285)\\n(85)\\n\\n$ 3,267\\n3,379\\n878\\n536\\n(87)\\n449\\n\\n$ 3,598\\n3,557\\n840\\n405\\n41\\n446\\n\\n75.4%\\n31.6\\n\\n67.4%\\n32.5\\n0.2\\n100.1%\\n\\n107.0%\\n\\n72.5%\\n31.6\\n0.5\\n104.6%\\n\\n2008 Compared with 2007\\n\\nNet written premiums for Standard Lines decreased $213 million in 2008 as compared with 2007. Premiums written in\\n2008 were unfavorably impacted by competitive market conditions resulting in decreased production, as compared with\\n2007, across both of CNA’s Business and Commercial Insurance groups. The competitive market conditions may put\\nongoing pressure on premium and income levels, and the expense ratio. This unfavorable impact was partially offset by\\ndecreased ceded premiums. Net earned premiums decreased $314 million in 2008 as compared with 2007, consistent\\nwith the decreased net written premiums.\\n\\nStandard Lines averaged rate decreases of 5.0% for 2008, as compared to decreases of 4.0% for 2007 for the contracts\\nthat renewed during those periods. Retention rates of 82.0% and 78.0% were achieved for those contracts that were\\navailable for renewal in each period.\\n\\nNet results decreased $534 million in 2008 as compared with 2007. This decrease was attributable to decreased net\\noperating income and higher net realized investment losses. See the Investments section of this MD&A for further\\ndiscussion of the net realized investment results and net investment income.\\n\\nNet operating income decreased $336 million in 2008 as compared with 2007. This decrease was primarily driven by\\nsignificantly lower net investment income and higher catastrophe impacts. The catastrophe impacts were $204 million\\nafter tax and minority interest in 2008, which included a $6 million after tax and minority interest catastrophe-related\\ninsurance assessment, as compared to catastrophe losses of $43 million after tax and minority interest in 2007.\\n\\nIn 2008, the amount due from policyholders related to losses under deductible policies within Standard Lines was\\nreduced by $90 million for insolvent insureds. The reduction of this amount, which is reflected as unfavorable net prior\\nyear reserve development, had no effect on 2008 results of operations as CNA had previously recognized provisions in\\nprior years. These impacts were reported in Insurance claims and policyholders’ benefits in the 2008 Consolidated\\nStatement of Income.\\n\\nThe combined ratio increased 6.9 points in 2008 as compared with 2007. The loss ratio increased 8.0 points primarily\\ndue to increased catastrophe losses. Catastrophes losses related to 2008 events had an adverse impact of 11.1 points on\\nthe loss ratio in 2008 compared with an adverse impact of 2.2 points in 2007.\\n\\nThe expense ratio decreased 0.9 points in 2008 as compared with 2007 primarily related to changes in the assessment\\nrates imposed by certain states for insurance-related assessments. The dividend ratio decreased 0.2 points in 2008 as\\ncompared with 2007 due to increased favorable dividend development in the workers’ compensation line of business.\\n\\n71\",\"name\":\"fintabnet.L_2008_page_104__150dpi_none\",\"page_id\":\"fintabnet.L_2008_page_104\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"L_2008_page_104\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[150.0,302.6,1098.9,663.5],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15],\"cells\":null}],\"text\":\"Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations\\nResults of Operations – CNA Financial – (Continued)\\n\\nStandard Lines\\n\\nThe following table summarizes the results of operations for Standard Lines:\\n\\nYear Ended December 31\\n(In millions, except %)\\n\\nNet written premiums\\nNet earned premiums\\nNet investment income\\nNet operating income\\nNet realized investment gains (losses)\\nNet income (loss)\\n\\nRatios:\\nLoss and loss adjustment expense\\nExpense\\nDividend\\nCombined\\n\\n2008\\n\\n2007\\n\\n2006\\n\\n$ 3,054\\n3,065\\n506\\n200\\n(285)\\n(85)\\n\\n$ 3,267\\n3,379\\n878\\n536\\n(87)\\n449\\n\\n$ 3,598\\n3,557\\n840\\n405\\n41\\n446\\n\\n75.4%\\n31.6\\n\\n67.4%\\n32.5\\n0.2\\n100.1%\\n\\n107.0%\\n\\n72.5%\\n31.6\\n0.5\\n104.6%\\n\\n2008 Compared with 2007\\n\\nNet written premiums for Standard Lines decreased $213 million in 2008 as compared with 2007. Premiums written in\\n2008 were unfavorably impacted by competitive market conditions resulting in decreased production, as compared with\\n2007, across both of CNA’s Business and Commercial Insurance groups. The competitive market conditions may put\\nongoing pressure on premium and income levels, and the expense ratio. This unfavorable impact was partially offset by\\ndecreased ceded premiums. Net earned premiums decreased $314 million in 2008 as compared with 2007, consistent\\nwith the decreased net written premiums.\\n\\nStandard Lines averaged rate decreases of 5.0% for 2008, as compared to decreases of 4.0% for 2007 for the contracts\\nthat renewed during those periods. Retention rates of 82.0% and 78.0% were achieved for those contracts that were\\navailable for renewal in each period.\\n\\nNet results decreased $534 million in 2008 as compared with 2007. This decrease was attributable to decreased net\\noperating income and higher net realized investment losses. See the Investments section of this MD&A for further\\ndiscussion of the net realized investment results and net investment income.\\n\\nNet operating income decreased $336 million in 2008 as compared with 2007. This decrease was primarily driven by\\nsignificantly lower net investment income and higher catastrophe impacts. The catastrophe impacts were $204 million\\nafter tax and minority interest in 2008, which included a $6 million after tax and minority interest catastrophe-related\\ninsurance assessment, as compared to catastrophe losses of $43 million after tax and minority interest in 2007.\\n\\nIn 2008, the amount due from policyholders related to losses under deductible policies within Standard Lines was\\nreduced by $90 million for insolvent insureds. The reduction of this amount, which is reflected as unfavorable net prior\\nyear reserve development, had no effect on 2008 results of operations as CNA had previously recognized provisions in\\nprior years. These impacts were reported in Insurance claims and policyholders’ benefits in the 2008 Consolidated\\nStatement of Income.\\n\\nThe combined ratio increased 6.9 points in 2008 as compared with 2007. The loss ratio increased 8.0 points primarily\\ndue to increased catastrophe losses. Catastrophes losses related to 2008 events had an adverse impact of 11.1 points on\\nthe loss ratio in 2008 compared with an adverse impact of 2.2 points in 2007.\\n\\nThe expense ratio decreased 0.9 points in 2008 as compared with 2007 primarily related to changes in the assessment\\nrates imposed by certain states for insurance-related assessments. The dividend ratio decreased 0.2 points in 2008 as\\ncompared with 2007 due to increased favorable dividend development in the workers’ compensation line of business.\\n\\n71\"},\"name\":\"fintabnet.L_2008_page_104__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":148800,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:L_2008\",\"dpi\":150,\"gt_sha256\":\"588f57ebdc1130557815d5fa915f00c15dd25a22a70774d284a36f7e7d2dfbb5\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.L_2008_page_104__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.L_2008_page_104\",\"pdf_sha256\":\"06e7d01d7056e272810761488aa5a9166b338bd2219cdd1d892b742af553d59d\",\"px\":[1275,1632],\"scan\":{\"render\":\"0000007c300038143834200038143ffc3ffc3ffc3ffc3ffc3ffc3ffc3ffc0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"L_2008_page_104\",\"src\":{\"file_sha256\":\"513b580d73748ad762074ccff438c08a7d1e03014d46b6df8bc615308e1a5d8e\",\"render\":\"0000007830003850385030003ffc3ffc3ffc3ffc3ffc3ffc3ffc3ff83ffc0000\",\"text\":\"7ebe6dd01fd6d4ee4df0b9ba712ae1c5a4d54f934439c3703f52251a608994b3\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"06e7d01d7056e272810761488aa5a9166b338bd2219cdd1d892b742af553d59d\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/06e7d01d7056e272810761488aa5a9166b338bd2219cdd1d892b742af553d59d.pdf","asset_sha256":"06e7d01d7056e272810761488aa5a9166b338bd2219cdd1d892b742af553d59d","document_id":"fintabnet:L_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"L_2008_page_104\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"L_2008_page_177\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:L_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[157.6,156.2,646.0,241.2],\"lines\":[{\"bbox\":[157.6,156.2,644.5,209.3],\"text\":\"Notes to Consolidated Financial Statements\"},{\"bbox\":[159.1,193.0,540.6,241.2],\"text\":\"Note 3. Investments – (Continued)\"}],\"order\":0,\"text\":\"Notes to Consolidated Financial Statements\\nNote 3. Investments – (Continued)\"},{\"bbox\":[1263.6,253.1,1320.6,286.5],\"lines\":[{\"bbox\":[1263.6,253.1,1320.6,286.5],\"text\":\"2007\"}],\"order\":1,\"text\":\"2007\"},{\"bbox\":[923.2,269.1,980.1,302.4],\"lines\":[{\"bbox\":[923.2,269.1,980.1,302.4],\"text\":\"2008\"}],\"order\":2,\"text\":\"2008\"},{\"bbox\":[167.9,396.5,325.8,467.7],\"lines\":[{\"bbox\":[167.9,396.5,324.3,434.4],\"text\":\"December 31\"},{\"bbox\":[169.5,430.2,316.6,467.7],\"text\":\"(In millions)\"}],\"order\":3,\"text\":\"December 31\\n(In millions)\"},{\"bbox\":[172.4,472.4,792.7,692.8],\"lines\":[{\"bbox\":[172.4,474.6,736.8,531.3],\"text\":\"Redeemable and non-redeemable preferred stocks:\"},{\"bbox\":[199.8,525.3,327.1,561.9],\"text\":\"0-6 months\"},{\"bbox\":[201.3,556.6,342.4,593.8],\"text\":\"7-11 months\"},{\"bbox\":[202.8,588.0,357.7,625.8],\"text\":\"12-24 months\"},{\"bbox\":[178.4,602.1,791.2,661.0],\"text\":\"Total redeemable and non-redeemable preferred stocks\"},{\"bbox\":[205.8,651.9,401.5,691.6],\"text\":\"available-for-sale\"}],\"order\":4,\"text\":\"Redeemable and non-redeemable preferred stocks:\\n0-6 months\\n7-11 months\\n12-24 months\\nTotal redeemable and non-redeemable preferred stocks\\navailable-for-sale\"},{\"bbox\":[805.3,336.6,935.5,405.0],\"lines\":[{\"bbox\":[808.8,336.8,930.6,373.1],\"text\":\"Estimated\"},{\"bbox\":[806.8,368.4,935.5,405.0],\"text\":\"Fair Value\"}],\"order\":5,\"text\":\"Estimated\\nFair Value\"},{\"bbox\":[972.7,296.8,1106.3,397.3],\"lines\":[{\"bbox\":[1002.6,298.2,1073.6,332.2],\"text\":\"Gross\"},{\"bbox\":[974.1,328.8,1104.9,365.5],\"text\":\"Unrealized\"},{\"bbox\":[1013.1,362.3,1068.6,395.6],\"text\":\"Loss\"}],\"order\":6,\"text\":\"Gross\\nUnrealized\\nLoss\"},{\"bbox\":[1149.6,320.9,1270.4,388.9],\"lines\":[{\"bbox\":[1153.2,321.1,1265.6,356.9],\"text\":\"Estimated\"},{\"bbox\":[1151.0,352.7,1270.4,388.9],\"text\":\"Fair Value\"}],\"order\":7,\"text\":\"Estimated\\nFair 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equity securities:\"},{\"bbox\":[210.3,752.9,337.5,789.5],\"text\":\"0-6 months\"},{\"bbox\":[211.7,784.2,352.8,821.4],\"text\":\"7-11 months\"},{\"bbox\":[213.2,815.4,368.1,853.2],\"text\":\"12-24 months\"},{\"bbox\":[214.7,842.4,477.4,885.2],\"text\":\"Greater than 24 months\"},{\"bbox\":[190.2,868.2,639.6,919.5],\"text\":\"Total equity securities available-for-sale\"}],\"order\":23,\"text\":\"Available-for-sale equity securities:\\n0-6 months\\n7-11 months\\n12-24 months\\nGreater than 24 months\\nTotal equity securities available-for-sale\"},{\"bbox\":[917.9,725.9,933.2,757.3],\"lines\":[{\"bbox\":[917.9,725.9,933.2,757.3],\"text\":\"5\"}],\"order\":24,\"text\":\"5\"},{\"bbox\":[1067.7,719.0,1083.0,750.4],\"lines\":[{\"bbox\":[1067.7,719.0,1083.0,750.4],\"text\":\"1\"}],\"order\":25,\"text\":\"1\"},{\"bbox\":[906.8,789.7,939.1,886.8],\"lines\":[{\"bbox\":[920.8,789.7,936.1,821.1],\"text\":\"9\"},{\"bbox\":[922.3,821.6,937.6,853.1],\"text\":\"3\"},{\"bbox\":[909.8,854.8,939.1,886.8],\"text\":\"17\"}],\"order\":26,\"text\":\"9\\n3\\n17\"},{\"bbox\":[1070.6,782.8,1086.0,814.2],\"lines\":[{\"bbox\":[1070.6,782.8,1086.0,814.2],\"text\":\"3\"}],\"order\":27,\"text\":\"3\"},{\"bbox\":[1073.6,847.9,1089.0,879.3],\"lines\":[{\"bbox\":[1073.6,847.9,1089.0,879.3],\"text\":\"4\"}],\"order\":28,\"text\":\"4\"},{\"bbox\":[1247.9,805.7,1278.7,870.9],\"lines\":[{\"bbox\":[1261.9,805.7,1277.2,837.1],\"text\":\"3\"},{\"bbox\":[1249.4,838.8,1278.7,870.9],\"text\":\"38\"}],\"order\":29,\"text\":\"3\\n38\"},{\"bbox\":[193.2,932.9,655.0,1016.8],\"lines\":[{\"bbox\":[193.2,932.9,653.6,984.8],\"text\":\"Total fixed maturity and equity securities\"},{\"bbox\":[208.6,976.4,404.3,1016.1],\"text\":\"available-for-sale\"}],\"order\":30,\"text\":\"Total fixed maturity and equity securities\\navailable-for-sale\"},{\"bbox\":[838.3,952.0,943.6,987.5],\"lines\":[{\"bbox\":[838.3,952.0,943.6,987.5],\"text\":\"$ 21,148\"}],\"order\":31,\"text\":\"$ 21,148\"},{\"bbox\":[1008.2,945.1,1093.4,979.7],\"lines\":[{\"bbox\":[1008.2,945.1,1093.4,979.7],\"text\":\"$ 6,067\"}],\"order\":32,\"text\":\"$ 6,067\"},{\"bbox\":[1178.0,936.1,1283.1,971.6],\"lines\":[{\"bbox\":[1178.0,936.1,1283.1,971.6],\"text\":\"$ 13,636\"}],\"order\":33,\"text\":\"$ 13,636\"},{\"bbox\":[1437.4,830.9,1452.7,862.3],\"lines\":[{\"bbox\":[1437.4,830.9,1452.7,862.3],\"text\":\"1\"}],\"order\":34,\"text\":\"1\"},{\"bbox\":[1347.7,932.4,1363.0,963.8],\"lines\":[{\"bbox\":[1347.7,932.4,1363.0,963.8],\"text\":\"$\"}],\"order\":35,\"text\":\"$\"},{\"bbox\":[1414.0,928.1,1457.1,960.8],\"lines\":[{\"bbox\":[1414.0,928.1,1457.1,960.8],\"text\":\"875\"}],\"order\":36,\"text\":\"875\"},{\"bbox\":[197.9,996.4,1502.6,1182.6],\"lines\":[{\"bbox\":[223.8,996.5,1497.9,1085.7],\"text\":\"At December 31, 2008, the fair value of the available-for-sale fixed maturities was $28,886 million, representing\"},{\"bbox\":[199.3,1028.4,1499.7,1118.8],\"text\":\"75.1% of the total investment portfolio. The gross unrealized loss for any single issuer was less than 0.6% of the\"},{\"bbox\":[200.8,1060.2,1501.0,1150.6],\"text\":\"carrying value of CNA’s total fixed maturity portfolio. The total fixed maturity portfolio gross unrealized losses\"},{\"bbox\":[202.3,1110.5,1103.5,1182.6],\"text\":\"included 2,335 securities which were, in aggregate, 22.0% below amortized cost.\"}],\"order\":37,\"text\":\"At December 31, 2008, the fair value of the available-for-sale fixed maturities was $28,886 million, representing\\n75.1% of the total investment portfolio. The gross unrealized loss for any single issuer was less than 0.6% of the\\ncarrying value of CNA’s total fixed maturity portfolio. The total fixed maturity portfolio gross unrealized losses\\nincluded 2,335 securities which were, in aggregate, 22.0% below amortized cost.\"},{\"bbox\":[205.2,1155.9,1507.0,1278.3],\"lines\":[{\"bbox\":[231.2,1155.9,1505.5,1245.2],\"text\":\"The gross unrealized losses on equity securities were $340 million, including 171 securities which were, in\"},{\"bbox\":[206.7,1232.5,534.9,1278.3],\"text\":\"aggregate, 38.0% below cost.\"}],\"order\":38,\"text\":\"The gross unrealized losses on equity securities were $340 million, including 171 securities which were, in\\naggregate, 38.0% below cost.\"},{\"bbox\":[209.6,1251.7,1514.6,1437.8],\"lines\":[{\"bbox\":[235.6,1251.7,1510.0,1340.9],\"text\":\"The classification between investment grade and non-investment grade is based on a ratings methodology that\"},{\"bbox\":[211.1,1283.6,1511.7,1374.0],\"text\":\"takes into account ratings from the three major providers, Standard and Poor’s, Moody’s Investor Services and Fitch\"},{\"bbox\":[212.5,1315.5,1512.6,1405.8],\"text\":\"Ratings in that order of preference. If a security is not rated by any of the three, the Company formulates an internal\"},{\"bbox\":[214.0,1403.7,287.2,1437.8],\"text\":\"rating.\"}],\"order\":39,\"text\":\"The classification between investment grade and non-investment grade is based on a ratings methodology that\\ntakes into account ratings from the three major providers, Standard and Poor’s, Moody’s Investor Services and Fitch\\nRatings in that order of preference. If a security is not rated by any of the three, the Company formulates an internal\\nrating.\"},{\"bbox\":[216.9,1411.2,1521.8,1597.3],\"lines\":[{\"bbox\":[242.9,1411.2,1517.4,1500.4],\"text\":\"Given the current facts and circumstances, the Impairment Committee has determined that the securities presented\"},{\"bbox\":[218.4,1443.1,1518.6,1533.5],\"text\":\"in the above unrealized gain/loss tables were temporarily impaired when evaluated at December 31, 2008 and 2007,\"},{\"bbox\":[219.8,1475.1,1520.1,1565.5],\"text\":\"and therefore no related realized losses were recorded. A discussion of some of the factors reviewed in making that\"},{\"bbox\":[221.3,1536.3,882.3,1597.3],\"text\":\"determination as of December 31, 2008 is presented below.\"}],\"order\":40,\"text\":\"Given the current facts and circumstances, the Impairment Committee has determined that the securities presented\\nin the above unrealized gain/loss tables were temporarily impaired when evaluated at December 31, 2008 and 2007,\\nand therefore no related realized losses were recorded. A discussion of some of the factors reviewed in making that\\ndetermination as of December 31, 2008 is presented below.\"},{\"bbox\":[224.2,1570.8,1533.5,1852.5],\"lines\":[{\"bbox\":[249.2,1570.9,1524.3,1660.1],\"text\":\"Decreases in the fair value of fixed maturity securities during 2008 were primarily driven by a sharp increase in\"},{\"bbox\":[225.7,1602.6,1525.9,1693.0],\"text\":\"risk premium related to credit, structure, liquidity, and other risks as opposed to changes in interest rates. The\"},{\"bbox\":[227.2,1634.6,1527.3,1725.0],\"text\":\"decline in fair values was aggravated by a general deterioration in liquidity with widening bid/ask spreads and\"},{\"bbox\":[228.6,1666.6,1529.1,1757.0],\"text\":\"significant portfolio liquidations of assets as the financial system sought to reduce leverage. These declines in fair\"},{\"bbox\":[230.1,1698.4,1530.6,1788.8],\"text\":\"value were most severe for longer duration assets as credit spread curves steepened dramatically. Declines were\"},{\"bbox\":[231.6,1730.4,1531.4,1820.7],\"text\":\"particularly severe for structured securities, financial sector obligations and the obligations of non-investment grade\"},{\"bbox\":[233.0,1818.0,315.6,1852.5],\"text\":\"credits.\"}],\"order\":41,\"text\":\"Decreases in the fair value of fixed maturity securities during 2008 were primarily driven by a sharp increase in\\nrisk premium related to credit, structure, liquidity, and other risks as opposed to changes in interest rates. The\\ndecline in fair values was aggravated by a general deterioration in liquidity with widening bid/ask spreads and\\nsignificant portfolio liquidations of assets as the financial system sought to reduce leverage. These declines in fair\\nvalue were most severe for longer duration assets as credit spread curves steepened dramatically. Declines were\\nparticularly severe for structured securities, financial sector obligations and the obligations of non-investment grade\\ncredits.\"},{\"bbox\":[236.0,1873.0,520.4,1916.8],\"lines\":[{\"bbox\":[236.0,1873.0,520.4,1916.8],\"text\":\"Asset-Backed Securities\"}],\"order\":42,\"text\":\"Asset-Backed Securities\"},{\"bbox\":[238.9,1889.8,1542.3,2044.0],\"lines\":[{\"bbox\":[264.9,1889.9,1538.8,1979.0],\"text\":\"The unrealized losses on the Company’s investments in asset-backed securities were caused by a combination of\"},{\"bbox\":[240.3,1921.8,1540.8,2012.2],\"text\":\"factors related to the market disruption caused by credit concerns that began with the sub-prime issue, but then also\"},{\"bbox\":[241.8,1957.8,1450.6,2044.0],\"text\":\"extended into other asset-backed securities in the Company’s portfolio related to reasons as discussed above.\"}],\"order\":43,\"text\":\"The unrealized losses on the Company’s investments in asset-backed securities were caused by a combination of\\nfactors related to the market disruption caused by credit concerns that began with the sub-prime issue, but then also\\nextended into other asset-backed securities in the Company’s portfolio related to reasons as discussed above.\"},{\"bbox\":[875.9,2104.3,919.0,2137.0],\"lines\":[{\"bbox\":[875.9,2104.3,919.0,2137.0],\"text\":\"144\"}],\"order\":44,\"text\":\"144\"}],\"doc\":\"fintabnet:L_2008\",\"dpi\":200,\"image_px\":[1700,2175],\"layout\":[],\"markdown\":\"Notes to Consolidated Financial Statements\\nNote 3. Investments – (Continued)\\n\\n2007\\n\\n2008\\n\\nDecember 31\\n(In millions)\\n\\nRedeemable and non-redeemable preferred stocks:\\n0-6 months\\n7-11 months\\n12-24 months\\nTotal redeemable and non-redeemable preferred stocks\\navailable-for-sale\\n\\nEstimated\\nFair Value\\n\\nGross\\nUnrealized\\nLoss\\n\\nEstimated\\nFair Value\\n\\nGross\\nUnrealized\\nLoss\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n39\\n43\\n497\\n\\n26\\n12\\n324\\n\\n893\\n104\\n\\n143\\n28\\n\\n579\\n\\n362\\n\\n997\\n\\n171\\n\\n34\\n1\\n\\n1\\n\\nAvailable-for-sale equity securities:\\n0-6 months\\n7-11 months\\n12-24 months\\nGreater than 24 months\\nTotal equity securities available-for-sale\\n\\n5\\n\\n1\\n\\n9\\n3\\n17\\n\\n3\\n\\n4\\n\\n3\\n38\\n\\nTotal fixed maturity and equity securities\\navailable-for-sale\\n\\n$ 21,148\\n\\n$ 6,067\\n\\n$ 13,636\\n\\n1\\n\\n$\\n\\n875\\n\\nAt December 31, 2008, the fair value of the available-for-sale fixed maturities was $28,886 million, representing\\n75.1% of the total investment portfolio. The gross unrealized loss for any single issuer was less than 0.6% of the\\ncarrying value of CNA’s total fixed maturity portfolio. The total fixed maturity portfolio gross unrealized losses\\nincluded 2,335 securities which were, in aggregate, 22.0% below amortized cost.\\n\\nThe gross unrealized losses on equity securities were $340 million, including 171 securities which were, in\\naggregate, 38.0% below cost.\\n\\nThe classification between investment grade and non-investment grade is based on a ratings methodology that\\ntakes into account ratings from the three major providers, Standard and Poor’s, Moody’s Investor Services and Fitch\\nRatings in that order of preference. If a security is not rated by any of the three, the Company formulates an internal\\nrating.\\n\\nGiven the current facts and circumstances, the Impairment Committee has determined that the securities presented\\nin the above unrealized gain/loss tables were temporarily impaired when evaluated at December 31, 2008 and 2007,\\nand therefore no related realized losses were recorded. A discussion of some of the factors reviewed in making that\\ndetermination as of December 31, 2008 is presented below.\\n\\nDecreases in the fair value of fixed maturity securities during 2008 were primarily driven by a sharp increase in\\nrisk premium related to credit, structure, liquidity, and other risks as opposed to changes in interest rates. The\\ndecline in fair values was aggravated by a general deterioration in liquidity with widening bid/ask spreads and\\nsignificant portfolio liquidations of assets as the financial system sought to reduce leverage. These declines in fair\\nvalue were most severe for longer duration assets as credit spread curves steepened dramatically. Declines were\\nparticularly severe for structured securities, financial sector obligations and the obligations of non-investment grade\\ncredits.\\n\\nAsset-Backed Securities\\n\\nThe unrealized losses on the Company’s investments in asset-backed securities were caused by a combination of\\nfactors related to the market disruption caused by credit concerns that began with the sub-prime issue, but then also\\nextended into other asset-backed securities in the Company’s portfolio related to reasons as discussed above.\\n\\n144\",\"name\":\"fintabnet.L_2008_page_177__200dpi_heavy\",\"page_id\":\"fintabnet.L_2008_page_177\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.628,\"source\":\"fintabnet\",\"source_id\":\"L_2008_page_177\",\"stack\":[{\"deg\":2.628,\"op\":\"skew\"},{\"amp\":0.334,\"angle\":334.3,\"blob\":0.685,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.645},{\"op\":\"noise\",\"sigma\":13.902},{\"gain\":0.625,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.04,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[163.5,247.7,1470.1,1017.1],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36],\"cells\":null}],\"text\":\"Notes to Consolidated Financial Statements\\nNote 3. Investments – (Continued)\\n\\n2007\\n\\n2008\\n\\nDecember 31\\n(In millions)\\n\\nRedeemable and non-redeemable preferred stocks:\\n0-6 months\\n7-11 months\\n12-24 months\\nTotal redeemable and non-redeemable preferred stocks\\navailable-for-sale\\n\\nEstimated\\nFair Value\\n\\nGross\\nUnrealized\\nLoss\\n\\nEstimated\\nFair Value\\n\\nGross\\nUnrealized\\nLoss\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n39\\n43\\n497\\n\\n26\\n12\\n324\\n\\n893\\n104\\n\\n143\\n28\\n\\n579\\n\\n362\\n\\n997\\n\\n171\\n\\n34\\n1\\n\\n1\\n\\nAvailable-for-sale equity securities:\\n0-6 months\\n7-11 months\\n12-24 months\\nGreater than 24 months\\nTotal equity securities available-for-sale\\n\\n5\\n\\n1\\n\\n9\\n3\\n17\\n\\n3\\n\\n4\\n\\n3\\n38\\n\\nTotal fixed maturity and equity securities\\navailable-for-sale\\n\\n$ 21,148\\n\\n$ 6,067\\n\\n$ 13,636\\n\\n1\\n\\n$\\n\\n875\\n\\nAt December 31, 2008, the fair value of the available-for-sale fixed maturities was $28,886 million, representing\\n75.1% of the total investment portfolio. The gross unrealized loss for any single issuer was less than 0.6% of the\\ncarrying value of CNA’s total fixed maturity portfolio. The total fixed maturity portfolio gross unrealized losses\\nincluded 2,335 securities which were, in aggregate, 22.0% below amortized cost.\\n\\nThe gross unrealized losses on equity securities were $340 million, including 171 securities which were, in\\naggregate, 38.0% below cost.\\n\\nThe classification between investment grade and non-investment grade is based on a ratings methodology that\\ntakes into account ratings from the three major providers, Standard and Poor’s, Moody’s Investor Services and Fitch\\nRatings in that order of preference. If a security is not rated by any of the three, the Company formulates an internal\\nrating.\\n\\nGiven the current facts and circumstances, the Impairment Committee has determined that the securities presented\\nin the above unrealized gain/loss tables were temporarily impaired when evaluated at December 31, 2008 and 2007,\\nand therefore no related realized losses were recorded. A discussion of some of the factors reviewed in making that\\ndetermination as of December 31, 2008 is presented below.\\n\\nDecreases in the fair value of fixed maturity securities during 2008 were primarily driven by a sharp increase in\\nrisk premium related to credit, structure, liquidity, and other risks as opposed to changes in interest rates. The\\ndecline in fair values was aggravated by a general deterioration in liquidity with widening bid/ask spreads and\\nsignificant portfolio liquidations of assets as the financial system sought to reduce leverage. These declines in fair\\nvalue were most severe for longer duration assets as credit spread curves steepened dramatically. Declines were\\nparticularly severe for structured securities, financial sector obligations and the obligations of non-investment grade\\ncredits.\\n\\nAsset-Backed Securities\\n\\nThe unrealized losses on the Company’s investments in asset-backed securities were caused by a combination of\\nfactors related to the market disruption caused by credit concerns that began with the sub-prime issue, but then also\\nextended into other asset-backed securities in the Company’s portfolio related to reasons as discussed above.\\n\\n144\"},\"name\":\"fintabnet.L_2008_page_177__200dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":130605,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:L_2008\",\"dpi\":200,\"gt_sha256\":\"eb0709eb0493ce7f864865cfcb02a7cac03fbcf03e65f9ddfec19a8d8aa5812e\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.L_2008_page_177__200dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.L_2008_page_177\",\"pdf_sha256\":\"ec19cb8801a3b2371d56940874b7afa8f763747d215f3b42f4fa6757fdb14150\",\"px\":[1700,2175],\"scan\":{\"render\":\"0003380100dc20003680300038003ffc3ff83ffc3ffe3ffe3ffe38003ffe0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"L_2008_page_177\",\"src\":{\"file_sha256\":\"f8488b20b0429b7c748a89748346d35a341ab3f4d1056c9822c68e7ae1e98579\",\"render\":\"00001c0000fc3e903eb03c003ff83ffc3ff83ffc3ffc3ffc3ffc30003ff80000\",\"text\":\"7ca3d5ae30e3ecded5e8b92095c00ea6c89a50890cdf52f72e68b12ca1bb5cbb\"},\"stack\":[{\"deg\":2.628,\"op\":\"skew\"},{\"amp\":0.334,\"angle\":334.3,\"blob\":0.685,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.645},{\"op\":\"noise\",\"sigma\":13.902},{\"gain\":0.625,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.04,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ec19cb8801a3b2371d56940874b7afa8f763747d215f3b42f4fa6757fdb14150\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ec19cb8801a3b2371d56940874b7afa8f763747d215f3b42f4fa6757fdb14150.pdf","asset_sha256":"ec19cb8801a3b2371d56940874b7afa8f763747d215f3b42f4fa6757fdb14150","document_id":"fintabnet:L_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"L_2008_page_177\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"L_2008_page_194\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:L_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[564.2,108.0,1149.2,174.9],\"lines\":[{\"bbox\":[783.6,115.4,1148.5,150.9],\"text\":\"Notes to Consolidated Financial Statements\"},{\"bbox\":[564.2,132.0,1148.4,174.9],\"text\":\"Note 9. Claim and Claim Adjustment Expense Reserves – (Continued)\"}],\"order\":0,\"text\":\"Notes to Consolidated Financial Statements\\nNote 9. Claim and Claim Adjustment Expense Reserves – (Continued)\"},{\"bbox\":[169.3,190.6,1145.6,270.7],\"lines\":[{\"bbox\":[188.9,191.2,1145.6,246.7],\"text\":\"The changes in provision for insured events of prior years (net prior year claim and claim adjustment expense\"},{\"bbox\":[169.3,214.6,492.0,248.6],\"text\":\"reserve development) were as follows:\"}],\"order\":1,\"text\":\"The changes in provision for insured events of prior years (net prior year claim and claim adjustment expense\\nreserve development) were as follows:\"},{\"bbox\":[166.9,262.7,397.2,318.5],\"lines\":[{\"bbox\":[167.7,262.7,397.2,293.5],\"text\":\"Year Ended December 31\"},{\"bbox\":[166.9,287.7,277.1,314.5],\"text\":\"(In millions)\"}],\"order\":2,\"text\":\"Year Ended December 31\\n(In millions)\"},{\"bbox\":[921.0,288.0,963.5,312.5],\"lines\":[{\"bbox\":[921.0,288.0,963.5,312.5],\"text\":\"2007\"}],\"order\":3,\"text\":\"2007\"},{\"bbox\":[787.7,283.7,830.2,308.2],\"lines\":[{\"bbox\":[787.7,283.7,830.2,308.2],\"text\":\"2008\"}],\"order\":4,\"text\":\"2008\"},{\"bbox\":[161.9,335.3,524.8,468.4],\"lines\":[{\"bbox\":[165.2,335.3,482.7,369.1],\"text\":\"Asbestos and environmental pollution\"},{\"bbox\":[164.4,359.3,212.7,384.0],\"text\":\"Other\"},{\"bbox\":[163.6,384.3,523.1,419.6],\"text\":\"Property and casualty reserve development\"},{\"bbox\":[162.8,408.3,512.3,443.2],\"text\":\"Life reserve development in life company\"},{\"bbox\":[161.9,433.2,206.7,457.8],\"text\":\"Total\"}],\"order\":5,\"text\":\"Asbestos and environmental pollution\\nOther\\nProperty and casualty reserve development\\nLife reserve development in life company\\nTotal\"},{\"bbox\":[758.8,355.7,770.0,379.1],\"lines\":[{\"bbox\":[758.8,355.7,770.0,379.1],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[755.4,453.5,766.7,477.0],\"lines\":[{\"bbox\":[755.4,453.5,766.7,477.0],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[802.7,357.3,852.0,479.8],\"lines\":[{\"bbox\":[812.9,357.5,844.9,381.7],\"text\":\"110\"},{\"bbox\":[805.2,381.3,851.1,405.9],\"text\":\"(117)\"},{\"bbox\":[825.2,407.0,850.3,430.9],\"text\":\"(7)\"},{\"bbox\":[831.2,431.2,842.5,454.7],\"text\":\"2\"},{\"bbox\":[823.5,455.9,848.6,479.8],\"text\":\"(5)\"}],\"order\":8,\"text\":\"110\\n(117)\\n(7)\\n2\\n(5)\"},{\"bbox\":[892.2,360.0,903.4,383.4],\"lines\":[{\"bbox\":[892.2,360.0,903.4,383.4],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[888.9,457.8,900.1,481.3],\"lines\":[{\"bbox\":[888.9,457.8,900.1,481.3],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[943.0,361.8,978.4,483.8],\"lines\":[{\"bbox\":[967.2,362.5,978.4,386.0],\"text\":\"7\"},{\"bbox\":[945.5,385.8,977.6,410.0],\"text\":\"213\"},{\"bbox\":[944.6,410.8,976.7,435.0],\"text\":\"220\"},{\"bbox\":[954.2,435.1,975.9,459.0],\"text\":\"11\"},{\"bbox\":[943.0,459.7,975.1,483.8],\"text\":\"231\"}],\"order\":11,\"text\":\"7\\n213\\n220\\n11\\n231\"},{\"bbox\":[1054.6,292.5,1097.0,317.0],\"lines\":[{\"bbox\":[1054.6,292.5,1097.0,317.0],\"text\":\"2006\"}],\"order\":12,\"text\":\"2006\"},{\"bbox\":[1024.9,388.5,1036.1,411.9],\"lines\":[{\"bbox\":[1024.9,388.5,1036.1,411.9],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[1022.4,462.4,1033.6,485.8],\"lines\":[{\"bbox\":[1022.4,462.4,1033.6,485.8],\"text\":\"$\"}],\"order\":14,\"text\":\"$\"},{\"bbox\":[1076.5,390.3,1111.1,488.4],\"lines\":[{\"bbox\":[1079.0,390.3,1111.1,414.5],\"text\":\"332\"},{\"bbox\":[1078.2,415.3,1110.3,439.5],\"text\":\"332\"},{\"bbox\":[1087.7,439.7,1109.4,463.5],\"text\":\"29\"},{\"bbox\":[1076.5,464.2,1108.6,488.4],\"text\":\"361\"}],\"order\":15,\"text\":\"332\\n332\\n29\\n361\"},{\"bbox\":[178.9,486.4,736.6,528.4],\"lines\":[{\"bbox\":[178.9,486.4,736.6,528.4],\"text\":\"The following tables summarize the gross and net carried reserves:\"}],\"order\":16,\"text\":\"The following tables summarize the gross and net carried reserves:\"},{\"bbox\":[553.8,571.4,638.8,621.3],\"lines\":[{\"bbox\":[554.6,571.4,638.8,597.3],\"text\":\"Standard\"},{\"bbox\":[571.3,596.0,620.7,620.7],\"text\":\"Lines\"}],\"order\":17,\"text\":\"Standard\\nLines\"},{\"bbox\":[674.0,575.4,756.7,625.3],\"lines\":[{\"bbox\":[674.8,575.4,756.7,601.3],\"text\":\"Specialty\"},{\"bbox\":[690.3,600.0,739.7,624.7],\"text\":\"Lines\"}],\"order\":18,\"text\":\"Specialty\\nLines\"},{\"bbox\":[789.6,555.5,880.1,629.5],\"lines\":[{\"bbox\":[806.0,556.0,865.3,581.1],\"text\":\"Life &\"},{\"bbox\":[804.9,579.9,864.8,605.0],\"text\":\"Group\"},{\"bbox\":[789.6,603.4,878.4,629.5],\"text\":\"Non-Core\"}],\"order\":19,\"text\":\"Life &\\nGroup\\nNon-Core\"},{\"bbox\":[908.1,583.4,998.8,633.5],\"lines\":[{\"bbox\":[926.8,584.0,980.9,608.9],\"text\":\"Other\"},{\"bbox\":[908.1,607.4,998.0,633.5],\"text\":\"Insurance\"}],\"order\":20,\"text\":\"Other\\nInsurance\"},{\"bbox\":[1048.1,612.1,1096.3,636.8],\"lines\":[{\"bbox\":[1048.1,612.1,1096.3,636.8],\"text\":\"Total\"}],\"order\":21,\"text\":\"Total\"},{\"bbox\":[153.6,654.8,348.9,708.4],\"lines\":[{\"bbox\":[154.4,654.8,339.6,684.1],\"text\":\"Gross Case Reserves\"},{\"bbox\":[153.6,678.8,348.1,708.4],\"text\":\"Gross IBNR Reserves\"}],\"order\":22,\"text\":\"Gross Case Reserves\\nGross IBNR Reserves\"},{\"bbox\":[552.6,668.3,630.7,718.0],\"lines\":[{\"bbox\":[553.5,668.3,630.6,694.0],\"text\":\"$ 6,158\"},{\"bbox\":[582.2,693.3,629.9,718.0],\"text\":\"5,890\"}],\"order\":23,\"text\":\"$ 6,158\\n5,890\"},{\"bbox\":[671.6,672.3,749.7,722.0],\"lines\":[{\"bbox\":[672.5,672.3,749.6,698.0],\"text\":\"$ 2,719\"},{\"bbox\":[701.2,697.3,748.9,722.0],\"text\":\"5,563\"}],\"order\":24,\"text\":\"$ 2,719\\n5,563\"},{\"bbox\":[790.6,676.4,868.7,726.1],\"lines\":[{\"bbox\":[791.5,676.4,868.6,702.1],\"text\":\"$ 2,473\"},{\"bbox\":[835.9,701.9,867.9,726.1],\"text\":\"389\"}],\"order\":25,\"text\":\"$ 2,473\\n389\"},{\"bbox\":[909.5,680.4,987.6,730.1],\"lines\":[{\"bbox\":[910.3,680.4,987.5,706.1],\"text\":\"$ 1,823\"},{\"bbox\":[939.2,705.4,986.8,730.1],\"text\":\"2,578\"}],\"order\":26,\"text\":\"$ 1,823\\n2,578\"},{\"bbox\":[1028.8,684.5,1106.9,734.2],\"lines\":[{\"bbox\":[1029.6,684.5,1106.8,710.2],\"text\":\"$ 13,173\"},{\"bbox\":[1048.1,709.1,1106.1,734.2],\"text\":\"14,420\"}],\"order\":27,\"text\":\"$ 13,173\\n14,420\"},{\"bbox\":[151.1,727.8,490.9,786.2],\"lines\":[{\"bbox\":[151.9,727.8,490.9,762.3],\"text\":\"Total Gross Carried Claim and Claim\"},{\"bbox\":[161.6,752.0,430.8,784.2],\"text\":\"Adjustment Expense Reserves\"}],\"order\":28,\"text\":\"Total Gross Carried Claim and Claim\\nAdjustment Expense Reserves\"},{\"bbox\":[549.8,765.2,627.2,790.9],\"lines\":[{\"bbox\":[549.8,765.2,627.2,790.9],\"text\":\"$ 12,048\"}],\"order\":29,\"text\":\"$ 12,048\"},{\"bbox\":[669.0,769.2,746.2,794.9],\"lines\":[{\"bbox\":[669.0,769.2,746.2,794.9],\"text\":\"$ 8,282\"}],\"order\":30,\"text\":\"$ 8,282\"},{\"bbox\":[788.0,773.2,865.2,798.9],\"lines\":[{\"bbox\":[788.0,773.2,865.2,798.9],\"text\":\"$ 2,862\"}],\"order\":31,\"text\":\"$ 2,862\"},{\"bbox\":[906.9,777.3,984.1,803.0],\"lines\":[{\"bbox\":[906.9,777.3,984.1,803.0],\"text\":\"$ 4,401\"}],\"order\":32,\"text\":\"$ 4,401\"},{\"bbox\":[1026.2,781.3,1103.5,807.0],\"lines\":[{\"bbox\":[1026.2,781.3,1103.5,807.0],\"text\":\"$ 27,593\"}],\"order\":33,\"text\":\"$ 27,593\"},{\"bbox\":[148.5,804.2,322.9,857.2],\"lines\":[{\"bbox\":[149.3,804.2,313.7,832.9],\"text\":\"Net Case Reserves\"},{\"bbox\":[148.5,828.2,322.1,857.2],\"text\":\"Net IBNR Reserves\"}],\"order\":34,\"text\":\"Net Case Reserves\\nNet IBNR Reserves\"},{\"bbox\":[547.6,817.8,625.6,867.5],\"lines\":[{\"bbox\":[548.4,817.8,625.6,843.5],\"text\":\"$ 4,995\"},{\"bbox\":[577.1,842.8,624.7,867.5],\"text\":\"4,875\"}],\"order\":35,\"text\":\"$ 4,995\\n4,875\"},{\"bbox\":[666.6,821.8,744.6,871.5],\"lines\":[{\"bbox\":[667.4,821.8,744.6,847.5],\"text\":\"$ 2,149\"},{\"bbox\":[696.1,846.8,743.7,871.5],\"text\":\"4,694\"}],\"order\":36,\"text\":\"$ 2,149\\n4,694\"},{\"bbox\":[785.6,825.9,863.6,875.6],\"lines\":[{\"bbox\":[786.4,825.9,863.6,851.6],\"text\":\"$ 1,656\"},{\"bbox\":[830.7,851.4,862.7,875.6],\"text\":\"249\"}],\"order\":37,\"text\":\"$ 1,656\\n249\"},{\"bbox\":[904.5,829.9,982.5,879.6],\"lines\":[{\"bbox\":[905.3,829.9,982.5,855.6],\"text\":\"$ 1,126\"},{\"bbox\":[934.0,854.9,981.6,879.6],\"text\":\"1,561\"}],\"order\":38,\"text\":\"$ 1,126\\n1,561\"},{\"bbox\":[1023.8,833.9,1101.7,883.6],\"lines\":[{\"bbox\":[1024.6,833.9,1101.7,859.6],\"text\":\"$ 9,926\"},{\"bbox\":[1042.8,858.6,1100.9,883.6],\"text\":\"11,379\"}],\"order\":39,\"text\":\"$ 9,926\\n11,379\"},{\"bbox\":[146.0,877.1,465.2,935.0],\"lines\":[{\"bbox\":[146.9,877.1,465.2,911.0],\"text\":\"Total Net Carried Claim and Claim\"},{\"bbox\":[156.5,901.5,425.9,933.7],\"text\":\"Adjustment Expense Reserves\"}],\"order\":40,\"text\":\"Total Net Carried Claim and Claim\\nAdjustment Expense Reserves\"},{\"bbox\":[544.8,914.6,622.0,940.3],\"lines\":[{\"bbox\":[544.8,914.6,622.0,940.3],\"text\":\"$ 9,870\"}],\"order\":41,\"text\":\"$ 9,870\"},{\"bbox\":[663.8,918.7,741.0,944.4],\"lines\":[{\"bbox\":[663.8,918.7,741.0,944.4],\"text\":\"$ 6,843\"}],\"order\":42,\"text\":\"$ 6,843\"},{\"bbox\":[782.8,922.7,860.1,948.4],\"lines\":[{\"bbox\":[782.8,922.7,860.1,948.4],\"text\":\"$ 1,905\"}],\"order\":43,\"text\":\"$ 1,905\"},{\"bbox\":[901.8,926.7,979.0,952.4],\"lines\":[{\"bbox\":[901.8,926.7,979.0,952.4],\"text\":\"$ 2,687\"}],\"order\":44,\"text\":\"$ 2,687\"},{\"bbox\":[1021.0,930.8,1098.4,956.5],\"lines\":[{\"bbox\":[1021.0,930.8,1098.4,956.5],\"text\":\"$ 21,305\"}],\"order\":45,\"text\":\"$ 21,305\"},{\"bbox\":[141.8,1002.3,327.8,1055.7],\"lines\":[{\"bbox\":[142.6,1002.3,318.4,1031.4],\"text\":\"Gross Case Reserves\"},{\"bbox\":[141.8,1026.3,326.9,1055.7],\"text\":\"Gross IBNR Reserves\"}],\"order\":46,\"text\":\"Gross Case Reserves\\nGross IBNR Reserves\"},{\"bbox\":[540.1,1015.9,618.1,1065.6],\"lines\":[{\"bbox\":[540.9,1015.9,618.1,1041.6],\"text\":\"$ 5,988\"},{\"bbox\":[569.6,1040.9,617.2,1065.6],\"text\":\"6,060\"}],\"order\":47,\"text\":\"$ 5,988\\n6,060\"},{\"bbox\":[659.2,1019.9,737.2,1069.6],\"lines\":[{\"bbox\":[660.0,1019.9,737.2,1045.6],\"text\":\"$ 2,585\"},{\"bbox\":[688.7,1044.9,736.3,1069.6],\"text\":\"5,818\"}],\"order\":48,\"text\":\"$ 2,585\\n5,818\"},{\"bbox\":[778.5,1023.9,856.4,1073.6],\"lines\":[{\"bbox\":[779.3,1023.9,856.4,1049.6],\"text\":\"$ 2,554\"},{\"bbox\":[823.5,1049.5,855.6,1073.6],\"text\":\"473\"}],\"order\":49,\"text\":\"$ 2,554\\n473\"},{\"bbox\":[897.6,1028.0,975.5,1077.7],\"lines\":[{\"bbox\":[898.4,1028.0,975.5,1053.7],\"text\":\"$ 2,159\"},{\"bbox\":[927.1,1053.0,974.7,1077.7],\"text\":\"2,951\"}],\"order\":50,\"text\":\"$ 2,159\\n2,951\"},{\"bbox\":[1016.7,1032.0,1094.7,1081.7],\"lines\":[{\"bbox\":[1017.5,1032.0,1094.7,1057.7],\"text\":\"$ 13,286\"},{\"bbox\":[1035.8,1056.7,1093.9,1081.7],\"text\":\"15,302\"}],\"order\":51,\"text\":\"$ 13,286\\n15,302\"},{\"bbox\":[139.3,1075.3,454.0,1132.9],\"lines\":[{\"bbox\":[140.1,1075.3,454.0,1109.1],\"text\":\"Total Gross Carried Claim and Claim\"},{\"bbox\":[149.8,1099.6,404.3,1131.3],\"text\":\"Adjustment Expense Reserves\"}],\"order\":52,\"text\":\"Total Gross Carried Claim and Claim\\nAdjustment Expense Reserves\"},{\"bbox\":[537.5,1112.7,614.8,1138.4],\"lines\":[{\"bbox\":[537.5,1112.7,614.8,1138.4],\"text\":\"$ 12,048\"}],\"order\":53,\"text\":\"$ 12,048\"},{\"bbox\":[656.7,1116.8,733.9,1142.5],\"lines\":[{\"bbox\":[656.7,1116.8,733.9,1142.5],\"text\":\"$ 8,403\"}],\"order\":54,\"text\":\"$ 8,403\"},{\"bbox\":[775.9,1120.8,853.1,1146.5],\"lines\":[{\"bbox\":[775.9,1120.8,853.1,1146.5],\"text\":\"$ 3,027\"}],\"order\":55,\"text\":\"$ 3,027\"},{\"bbox\":[895.0,1124.8,972.2,1150.5],\"lines\":[{\"bbox\":[895.0,1124.8,972.2,1150.5],\"text\":\"$ 5,110\"}],\"order\":56,\"text\":\"$ 5,110\"},{\"bbox\":[1014.1,1128.9,1091.4,1154.6],\"lines\":[{\"bbox\":[1014.1,1128.9,1091.4,1154.6],\"text\":\"$ 28,588\"}],\"order\":57,\"text\":\"$ 28,588\"},{\"bbox\":[136.7,1151.8,304.2,1204.6],\"lines\":[{\"bbox\":[137.5,1151.8,295.2,1180.3],\"text\":\"Net Case Reserves\"},{\"bbox\":[136.7,1175.8,303.4,1204.6],\"text\":\"Net IBNR Reserves\"}],\"order\":58,\"text\":\"Net Case Reserves\\nNet IBNR Reserves\"},{\"bbox\":[535.3,1165.4,613.2,1215.0],\"lines\":[{\"bbox\":[536.1,1165.4,613.2,1191.0],\"text\":\"$ 4,750\"},{\"bbox\":[564.5,1190.3,612.1,1215.0],\"text\":\"5,170\"}],\"order\":59,\"text\":\"$ 4,750\\n5,170\"},{\"bbox\":[654.4,1169.4,732.3,1219.1],\"lines\":[{\"bbox\":[655.2,1169.4,732.3,1195.1],\"text\":\"$ 2,090\"},{\"bbox\":[683.6,1194.4,731.2,1219.1],\"text\":\"4,527\"}],\"order\":60,\"text\":\"$ 2,090\\n4,527\"},{\"bbox\":[773.6,1173.4,851.5,1223.1],\"lines\":[{\"bbox\":[774.4,1173.4,851.5,1199.1],\"text\":\"$ 1,583\"},{\"bbox\":[818.4,1199.0,850.5,1223.1],\"text\":\"297\"}],\"order\":61,\"text\":\"$ 1,583\\n297\"},{\"bbox\":[892.7,1177.5,970.7,1227.2],\"lines\":[{\"bbox\":[893.5,1177.5,970.7,1203.2],\"text\":\"$ 1,328\"},{\"bbox\":[921.9,1202.5,969.6,1227.2],\"text\":\"1,787\"}],\"order\":62,\"text\":\"$ 1,328\\n1,787\"},{\"bbox\":[1011.8,1181.5,1089.8,1231.2],\"lines\":[{\"bbox\":[1012.6,1181.5,1089.8,1207.2],\"text\":\"$ 9,751\"},{\"bbox\":[1030.6,1206.2,1088.7,1231.2],\"text\":\"11,781\"}],\"order\":63,\"text\":\"$ 9,751\\n11,781\"},{\"bbox\":[134.3,1224.7,430.4,1281.8],\"lines\":[{\"bbox\":[135.1,1224.7,430.4,1257.8],\"text\":\"Total Net Carried Claim and Claim\"},{\"bbox\":[144.8,1249.1,399.6,1280.8],\"text\":\"Adjustment Expense Reserves\"}],\"order\":64,\"text\":\"Total Net Carried Claim and Claim\\nAdjustment Expense Reserves\"},{\"bbox\":[532.8,1262.2,609.9,1287.9],\"lines\":[{\"bbox\":[532.8,1262.2,609.9,1287.9],\"text\":\"$ 9,920\"}],\"order\":65,\"text\":\"$ 9,920\"},{\"bbox\":[651.9,1266.3,729.0,1292.0],\"lines\":[{\"bbox\":[651.9,1266.3,729.0,1292.0],\"text\":\"$ 6,617\"}],\"order\":66,\"text\":\"$ 6,617\"},{\"bbox\":[771.1,1270.3,848.3,1296.0],\"lines\":[{\"bbox\":[771.1,1270.3,848.3,1296.0],\"text\":\"$ 1,880\"}],\"order\":67,\"text\":\"$ 1,880\"},{\"bbox\":[890.2,1274.3,967.4,1300.0],\"lines\":[{\"bbox\":[890.2,1274.3,967.4,1300.0],\"text\":\"$ 3,115\"}],\"order\":68,\"text\":\"$ 3,115\"},{\"bbox\":[1009.3,1278.4,1086.5,1304.1],\"lines\":[{\"bbox\":[1009.3,1278.4,1086.5,1304.1],\"text\":\"$ 21,532\"}],\"order\":69,\"text\":\"$ 21,532\"},{\"bbox\":[156.0,581.9,325.8,635.7],\"lines\":[{\"bbox\":[156.9,581.9,325.8,610.7],\"text\":\"December 31, 2008\"},{\"bbox\":[156.0,606.9,266.3,633.7],\"text\":\"(In millions)\"}],\"order\":70,\"text\":\"December 31, 2008\\n(In millions)\"},{\"bbox\":[144.3,953.5,308.7,982.1],\"lines\":[{\"bbox\":[144.3,953.5,308.7,982.1],\"text\":\"December 31, 2007\"}],\"order\":71,\"text\":\"December 31, 2007\"},{\"bbox\":[151.2,1301.9,1089.3,1356.9],\"lines\":[{\"bbox\":[151.2,1301.9,1089.3,1356.9],\"text\":\"The following provides discussion of CNA’s Asbestos and Environmental Pollution (“A&E”) and core reserves.\"}],\"order\":72,\"text\":\"The following provides discussion of CNA’s Asbestos and Environmental Pollution (“A&E”) and core reserves.\"},{\"bbox\":[130.8,1349.4,256.0,1376.8],\"lines\":[{\"bbox\":[130.8,1349.4,256.0,1376.8],\"text\":\"A&E Reserves\"}],\"order\":73,\"text\":\"A&E Reserves\"},{\"bbox\":[149.0,1390.6,1080.2,1445.3],\"lines\":[{\"bbox\":[149.0,1390.6,1080.2,1445.3],\"text\":\"CNA’s property and casualty insurance subsidiaries have actual and potential exposures related to A&E claims.\"}],\"order\":74,\"text\":\"CNA’s property and casualty insurance subsidiaries have actual and potential exposures related to A&E claims.\"},{\"bbox\":[125.6,1430.7,1103.6,1558.7],\"lines\":[{\"bbox\":[147.6,1431.3,1103.4,1486.8],\"text\":\"Establishing reserves for A&E claim and claim adjustment expenses is subject to uncertainties that are greater\"},{\"bbox\":[127.3,1454.5,1102.8,1510.7],\"text\":\"than those presented by other claims. Traditional actuarial methods and techniques employed to estimate the\"},{\"bbox\":[126.5,1478.5,1101.9,1534.7],\"text\":\"ultimate cost of claims for more traditional property and casualty exposures are less precise in estimating claim\"},{\"bbox\":[125.6,1502.5,1100.3,1558.7],\"text\":\"and claim adjustment expense reserves for A&E, particularly in an environment of emerging or potential claims and\"}],\"order\":75,\"text\":\"Establishing reserves for A&E claim and claim adjustment expenses is subject to uncertainties that are greater\\nthan those presented by other claims. Traditional actuarial methods and techniques employed to estimate the\\nultimate cost of claims for more traditional property and casualty exposures are less precise in estimating claim\\nand claim adjustment expense reserves for A&E, particularly in an environment of emerging or potential claims and\"},{\"bbox\":[595.2,1579.5,627.3,1603.7],\"lines\":[{\"bbox\":[595.2,1579.5,627.3,1603.7],\"text\":\"161\"}],\"order\":76,\"text\":\"161\"}],\"doc\":\"fintabnet:L_2008\",\"dpi\":150,\"image_px\":[1275,1632],\"layout\":[],\"markdown\":\"Notes to Consolidated Financial Statements\\nNote 9. Claim and Claim Adjustment Expense Reserves – (Continued)\\n\\nThe changes in provision for insured events of prior years (net prior year claim and claim adjustment expense\\nreserve development) were as follows:\\n\\nYear Ended December 31\\n(In millions)\\n\\n2007\\n\\n2008\\n\\nAsbestos and environmental pollution\\nOther\\nProperty and casualty reserve development\\nLife reserve development in life company\\nTotal\\n\\n$\\n\\n$\\n\\n110\\n(117)\\n(7)\\n2\\n(5)\\n\\n$\\n\\n$\\n\\n7\\n213\\n220\\n11\\n231\\n\\n2006\\n\\n$\\n\\n$\\n\\n332\\n332\\n29\\n361\\n\\nThe following tables summarize the gross and net carried reserves:\\n\\nStandard\\nLines\\n\\nSpecialty\\nLines\\n\\nLife &\\nGroup\\nNon-Core\\n\\nOther\\nInsurance\\n\\nTotal\\n\\nGross Case Reserves\\nGross IBNR Reserves\\n\\n$ 6,158\\n5,890\\n\\n$ 2,719\\n5,563\\n\\n$ 2,473\\n389\\n\\n$ 1,823\\n2,578\\n\\n$ 13,173\\n14,420\\n\\nTotal Gross Carried Claim and Claim\\nAdjustment Expense Reserves\\n\\n$ 12,048\\n\\n$ 8,282\\n\\n$ 2,862\\n\\n$ 4,401\\n\\n$ 27,593\\n\\nNet Case Reserves\\nNet IBNR Reserves\\n\\n$ 4,995\\n4,875\\n\\n$ 2,149\\n4,694\\n\\n$ 1,656\\n249\\n\\n$ 1,126\\n1,561\\n\\n$ 9,926\\n11,379\\n\\nTotal Net Carried Claim and Claim\\nAdjustment Expense Reserves\\n\\n$ 9,870\\n\\n$ 6,843\\n\\n$ 1,905\\n\\n$ 2,687\\n\\n$ 21,305\\n\\nGross Case Reserves\\nGross IBNR Reserves\\n\\n$ 5,988\\n6,060\\n\\n$ 2,585\\n5,818\\n\\n$ 2,554\\n473\\n\\n$ 2,159\\n2,951\\n\\n$ 13,286\\n15,302\\n\\nTotal Gross Carried Claim and Claim\\nAdjustment Expense Reserves\\n\\n$ 12,048\\n\\n$ 8,403\\n\\n$ 3,027\\n\\n$ 5,110\\n\\n$ 28,588\\n\\nNet Case Reserves\\nNet IBNR Reserves\\n\\n$ 4,750\\n5,170\\n\\n$ 2,090\\n4,527\\n\\n$ 1,583\\n297\\n\\n$ 1,328\\n1,787\\n\\n$ 9,751\\n11,781\\n\\nTotal Net Carried Claim and Claim\\nAdjustment Expense Reserves\\n\\n$ 9,920\\n\\n$ 6,617\\n\\n$ 1,880\\n\\n$ 3,115\\n\\n$ 21,532\\n\\nDecember 31, 2008\\n(In millions)\\n\\nDecember 31, 2007\\n\\nThe following provides discussion of CNA’s Asbestos and Environmental Pollution (“A&E”) and core reserves.\\n\\nA&E Reserves\\n\\nCNA’s property and casualty insurance subsidiaries have actual and potential exposures related to A&E claims.\\n\\nEstablishing reserves for A&E claim and claim adjustment expenses is subject to uncertainties that are greater\\nthan those presented by other claims. Traditional actuarial methods and techniques employed to estimate the\\nultimate cost of claims for more traditional property and casualty exposures are less precise in estimating claim\\nand claim adjustment expense reserves for A&E, particularly in an environment of emerging or potential claims and\\n\\n161\",\"name\":\"fintabnet.L_2008_page_194__150dpi_medium\",\"page_id\":\"fintabnet.L_2008_page_194\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.943,\"source\":\"fintabnet\",\"source_id\":\"L_2008_page_194\",\"stack\":[{\"deg\":-1.943,\"op\":\"skew\"},{\"amp\":0.152,\"angle\":28.4,\"blob\":0.547,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":2.177,\"op\":\"blur\"},{\"gain\":0.792,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":54}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[134.3,534.0,1111.0,1304.1],\"block_orders\":[17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71],\"cells\":null}],\"text\":\"Notes to Consolidated Financial Statements\\nNote 9. Claim and Claim Adjustment Expense Reserves – (Continued)\\n\\nThe changes in provision for insured events of prior years (net prior year claim and claim adjustment expense\\nreserve development) were as follows:\\n\\nYear Ended December 31\\n(In millions)\\n\\n2007\\n\\n2008\\n\\nAsbestos and environmental pollution\\nOther\\nProperty and casualty reserve development\\nLife reserve development in life company\\nTotal\\n\\n$\\n\\n$\\n\\n110\\n(117)\\n(7)\\n2\\n(5)\\n\\n$\\n\\n$\\n\\n7\\n213\\n220\\n11\\n231\\n\\n2006\\n\\n$\\n\\n$\\n\\n332\\n332\\n29\\n361\\n\\nThe following tables summarize the gross and net carried reserves:\\n\\nStandard\\nLines\\n\\nSpecialty\\nLines\\n\\nLife &\\nGroup\\nNon-Core\\n\\nOther\\nInsurance\\n\\nTotal\\n\\nGross Case Reserves\\nGross IBNR Reserves\\n\\n$ 6,158\\n5,890\\n\\n$ 2,719\\n5,563\\n\\n$ 2,473\\n389\\n\\n$ 1,823\\n2,578\\n\\n$ 13,173\\n14,420\\n\\nTotal Gross Carried Claim and Claim\\nAdjustment Expense Reserves\\n\\n$ 12,048\\n\\n$ 8,282\\n\\n$ 2,862\\n\\n$ 4,401\\n\\n$ 27,593\\n\\nNet Case Reserves\\nNet IBNR Reserves\\n\\n$ 4,995\\n4,875\\n\\n$ 2,149\\n4,694\\n\\n$ 1,656\\n249\\n\\n$ 1,126\\n1,561\\n\\n$ 9,926\\n11,379\\n\\nTotal Net Carried Claim and Claim\\nAdjustment Expense Reserves\\n\\n$ 9,870\\n\\n$ 6,843\\n\\n$ 1,905\\n\\n$ 2,687\\n\\n$ 21,305\\n\\nGross Case Reserves\\nGross IBNR Reserves\\n\\n$ 5,988\\n6,060\\n\\n$ 2,585\\n5,818\\n\\n$ 2,554\\n473\\n\\n$ 2,159\\n2,951\\n\\n$ 13,286\\n15,302\\n\\nTotal Gross Carried Claim and Claim\\nAdjustment Expense Reserves\\n\\n$ 12,048\\n\\n$ 8,403\\n\\n$ 3,027\\n\\n$ 5,110\\n\\n$ 28,588\\n\\nNet Case Reserves\\nNet IBNR Reserves\\n\\n$ 4,750\\n5,170\\n\\n$ 2,090\\n4,527\\n\\n$ 1,583\\n297\\n\\n$ 1,328\\n1,787\\n\\n$ 9,751\\n11,781\\n\\nTotal Net Carried Claim and Claim\\nAdjustment Expense Reserves\\n\\n$ 9,920\\n\\n$ 6,617\\n\\n$ 1,880\\n\\n$ 3,115\\n\\n$ 21,532\\n\\nDecember 31, 2008\\n(In millions)\\n\\nDecember 31, 2007\\n\\nThe following provides discussion of CNA’s Asbestos and Environmental Pollution (“A&E”) and core reserves.\\n\\nA&E Reserves\\n\\nCNA’s property and casualty insurance subsidiaries have actual and potential exposures related to A&E claims.\\n\\nEstablishing reserves for A&E claim and claim adjustment expenses is subject to uncertainties that are greater\\nthan those presented by other claims. Traditional actuarial methods and techniques employed to estimate the\\nultimate cost of claims for more traditional property and casualty exposures are less precise in estimating claim\\nand claim adjustment expense reserves for A&E, particularly in an environment of emerging or potential claims and\\n\\n161\"},\"name\":\"fintabnet.L_2008_page_194__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":153010,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:L_2008\",\"dpi\":150,\"gt_sha256\":\"df2d0cf06dcc1ad0dad891835107b72f9fdb39bcf56b80b5bf37b58524782560\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.L_2008_page_194__150dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.L_2008_page_194\",\"pdf_sha256\":\"a53a984622678c072f2ee6ade844da04a86090eb7b81e6abea37ca7f0e3e964a\",\"px\":[1275,1632],\"scan\":{\"render\":\"0000003e3c3c38243e3c0100302c3c3c300c300c380c31fc3dbc37fd7ffd01ff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"L_2008_page_194\",\"src\":{\"file_sha256\":\"af6045c94eeb7761265f75077553b3215c219cef2ef5c655c3438ee4a381c08b\",\"render\":\"0000001010003c603ffc018039fc3ffc3df43ffc3df43ffc3ffc10003ffc0000\",\"text\":\"0da62321b979fcf926b53fa01782974efaae2b6116fa298ccd485261d4b86a40\"},\"stack\":[{\"deg\":-1.943,\"op\":\"skew\"},{\"amp\":0.152,\"angle\":28.4,\"blob\":0.547,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":2.177,\"op\":\"blur\"},{\"gain\":0.792,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":54}],\"tools\":\"21647cade0ee\"},\"sha256\":\"a53a984622678c072f2ee6ade844da04a86090eb7b81e6abea37ca7f0e3e964a\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/a53a984622678c072f2ee6ade844da04a86090eb7b81e6abea37ca7f0e3e964a.pdf","asset_sha256":"a53a984622678c072f2ee6ade844da04a86090eb7b81e6abea37ca7f0e3e964a","document_id":"fintabnet:L_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"L_2008_page_194\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"L_2009_page_104\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:L_2009\",\"ground_truth\":{\"blocks\":[{\"bbox\":[199.1,65.2,745.4,102.9],\"lines\":[{\"bbox\":[199.1,65.2,745.2,86.9],\"text\":\"Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations\"},{\"bbox\":[444.9,81.2,745.2,100.0],\"text\":\"Results of Operations – CNA Financial – (Continued)\"}],\"order\":0,\"text\":\"Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations\\nResults of Operations – CNA Financial – (Continued)\"},{\"bbox\":[95.2,129.1,746.0,184.0],\"lines\":[{\"bbox\":[107.7,129.1,745.5,151.9],\"text\":\"The combined ratio increased 1.0 point in 2008 as compared with 2007. The loss ratio improved 0.8 points, primarily\"},{\"bbox\":[95.4,145.1,745.8,168.1],\"text\":\"due to the impact of development. This was partially offset by higher current accident year loss ratios recorded primarily\"},{\"bbox\":[95.6,161.4,711.0,184.0],\"text\":\"in CNA’s E&O and D&O coverages for financial institutions due to the financial markets credit crisis in 2008.\"}],\"order\":1,\"text\":\"The combined ratio increased 1.0 point in 2008 as compared with 2007. The loss ratio improved 0.8 points, primarily\\ndue to the impact of development. This was partially offset by higher current accident year loss ratios recorded primarily\\nin CNA’s E&O and D&O coverages for financial institutions due to the financial markets credit crisis in 2008.\"},{\"bbox\":[95.9,193.0,746.4,231.9],\"lines\":[{\"bbox\":[108.4,193.0,746.2,215.9],\"text\":\"The expense ratio increased 1.5 points in 2008 as compared with 2007. The increase primarily related to increased\"},{\"bbox\":[96.1,212.9,412.7,231.9],\"text\":\"underwriting expenses and reduced ceding commissions.\"}],\"order\":2,\"text\":\"The expense ratio increased 1.5 points in 2008 as compared with 2007. The increase primarily related to increased\\nunderwriting expenses and reduced ceding commissions.\"},{\"bbox\":[96.5,241.0,747.2,295.9],\"lines\":[{\"bbox\":[109.0,241.0,746.8,263.8],\"text\":\"Favorable net prior year development of $106 million was recorded in 2008 compared to unfavorable net prior year\"},{\"bbox\":[96.7,256.9,746.7,279.9],\"text\":\"development of $24 million in 2007. Further information on CNA Specialty net prior year development for 2008 and\"},{\"bbox\":[96.9,274.0,655.9,295.9],\"text\":\"2007 is included in Note 9 of the Notes to Consolidated Financial Statements included under Item 8.\"}],\"order\":3,\"text\":\"Favorable net prior year development of $106 million was recorded in 2008 compared to unfavorable net prior year\\ndevelopment of $24 million in 2007. Further information on CNA Specialty net prior year development for 2008 and\\n2007 is included in Note 9 of the Notes to Consolidated Financial Statements included under Item 8.\"},{\"bbox\":[97.3,311.4,204.2,328.0],\"lines\":[{\"bbox\":[97.3,311.4,204.2,328.0],\"text\":\"CNA Commercial\"}],\"order\":4,\"text\":\"CNA Commercial\"},{\"bbox\":[110.1,339.0,554.8,359.6],\"lines\":[{\"bbox\":[110.1,339.0,554.8,359.6],\"text\":\"The following table summarizes the results of operations for CNA Commercial:\"}],\"order\":5,\"text\":\"The following table summarizes the results of operations for CNA Commercial:\"},{\"bbox\":[98.0,374.7,250.7,408.5],\"lines\":[{\"bbox\":[98.0,374.7,250.5,391.8],\"text\":\"Year Ended December 31\"},{\"bbox\":[98.2,391.6,233.3,408.5],\"text\":\"(In millions, except %)\"}],\"order\":6,\"text\":\"Year Ended December 31\\n(In millions, except %)\"},{\"bbox\":[511.8,371.3,539.7,387.0],\"lines\":[{\"bbox\":[511.8,371.3,539.7,387.0],\"text\":\"2009\"}],\"order\":7,\"text\":\"2009\"},{\"bbox\":[600.5,370.1,628.3,385.8],\"lines\":[{\"bbox\":[600.5,370.1,628.3,385.8],\"text\":\"2008\"}],\"order\":8,\"text\":\"2008\"},{\"bbox\":[689.1,369.1,717.0,384.7],\"lines\":[{\"bbox\":[689.1,369.1,717.0,384.7],\"text\":\"2007\"}],\"order\":9,\"text\":\"2007\"},{\"bbox\":[98.6,423.0,268.4,520.2],\"lines\":[{\"bbox\":[98.6,423.6,220.7,440.4],\"text\":\"Net written premiums\"},{\"bbox\":[98.8,439.5,218.5,456.3],\"text\":\"Net earned premiums\"},{\"bbox\":[98.9,455.4,227.9,472.3],\"text\":\"Net investment income\"},{\"bbox\":[99.1,471.6,219.6,488.3],\"text\":\"Net operating income\"},{\"bbox\":[99.3,486.9,268.2,504.2],\"text\":\"Net realized investment losses\"},{\"bbox\":[99.5,503.7,198.5,520.2],\"text\":\"Net income (loss)\"}],\"order\":10,\"text\":\"Net written premiums\\nNet earned premiums\\nNet investment income\\nNet operating income\\nNet realized investment losses\\nNet income (loss)\"},{\"bbox\":[494.9,419.9,549.1,515.7],\"lines\":[{\"bbox\":[494.9,420.0,543.5,435.9],\"text\":\"$ 3,448\"},{\"bbox\":[512.4,435.9,543.7,451.6],\"text\":\"3,432\"},{\"bbox\":[523.0,451.9,543.9,467.5],\"text\":\"922\"},{\"bbox\":[523.2,467.9,544.1,483.5],\"text\":\"456\"},{\"bbox\":[518.7,483.8,548.9,499.4],\"text\":\"(209)\"},{\"bbox\":[523.6,499.8,544.5,515.4],\"text\":\"247\"}],\"order\":11,\"text\":\"$ 3,448\\n3,432\\n922\\n456\\n(209)\\n247\"},{\"bbox\":[583.5,418.7,637.8,514.5],\"lines\":[{\"bbox\":[583.5,418.8,632.2,434.6],\"text\":\"$ 3,770\"},{\"bbox\":[601.1,434.7,632.4,450.4],\"text\":\"3,787\"},{\"bbox\":[611.7,450.7,632.6,466.2],\"text\":\"603\"},{\"bbox\":[611.8,466.7,632.8,482.3],\"text\":\"261\"},{\"bbox\":[607.4,482.6,637.5,498.2],\"text\":\"(302)\"},{\"bbox\":[614.5,498.6,637.8,514.2],\"text\":\"(41)\"}],\"order\":12,\"text\":\"$ 3,770\\n3,787\\n603\\n261\\n(302)\\n(41)\"},{\"bbox\":[672.2,417.7,726.4,513.5],\"lines\":[{\"bbox\":[672.2,417.7,720.9,433.6],\"text\":\"$ 4,007\"},{\"bbox\":[689.7,433.6,721.0,449.3],\"text\":\"4,104\"},{\"bbox\":[689.9,449.6,721.2,465.3],\"text\":\"1,006\"},{\"bbox\":[700.5,465.6,721.4,481.2],\"text\":\"619\"},{\"bbox\":[702.9,481.5,726.2,497.1],\"text\":\"(93)\"},{\"bbox\":[700.9,497.6,721.8,513.1],\"text\":\"526\"}],\"order\":13,\"text\":\"$ 4,007\\n4,104\\n1,006\\n619\\n(93)\\n526\"},{\"bbox\":[512.6,547.6,558.4,612.1],\"lines\":[{\"bbox\":[519.5,547.6,557.8,563.4],\"text\":\"69.6%\"},{\"bbox\":[519.7,563.8,544.1,579.4],\"text\":\"35.2\"},{\"bbox\":[526.8,579.7,544.3,595.2],\"text\":\"0.3\"},{\"bbox\":[513.2,596.2,558.4,612.1],\"text\":\"105.1%\"}],\"order\":14,\"text\":\"69.6%\\n35.2\\n0.3\\n105.1%\"},{\"bbox\":[608.2,546.4,644.3,578.2],\"lines\":[{\"bbox\":[608.2,546.4,644.1,562.2],\"text\":\"73.0%\"},{\"bbox\":[608.4,562.6,632.8,578.2],\"text\":\"31.2\"}],\"order\":15,\"text\":\"73.0%\\n31.2\"},{\"bbox\":[696.8,545.4,733.3,609.7],\"lines\":[{\"bbox\":[696.9,545.4,732.8,561.1],\"text\":\"66.8%\"},{\"bbox\":[697.0,561.5,721.4,577.1],\"text\":\"32.1\"},{\"bbox\":[704.1,577.5,721.6,593.0],\"text\":\"0.2\"},{\"bbox\":[697.4,594.0,733.3,609.7],\"text\":\"99.1%\"}],\"order\":16,\"text\":\"66.8%\\n32.1\\n0.2\\n99.1%\"},{\"bbox\":[99.9,534.5,301.4,616.7],\"lines\":[{\"bbox\":[99.9,536.4,139.3,552.1],\"text\":\"Ratios:\"},{\"bbox\":[113.1,550.5,300.8,568.0],\"text\":\"Loss and loss adjustment expense\"},{\"bbox\":[113.2,568.1,160.5,584.0],\"text\":\"Expense\"},{\"bbox\":[113.4,584.0,165.2,599.9],\"text\":\"Dividend\"},{\"bbox\":[113.6,600.6,171.5,616.6],\"text\":\"Combined\"}],\"order\":17,\"text\":\"Ratios:\\nLoss and loss adjustment expense\\nExpense\\nDividend\\nCombined\"},{\"bbox\":[601.8,595.0,644.8,610.9],\"lines\":[{\"bbox\":[601.8,595.0,644.8,610.9],\"text\":\"104.2%\"}],\"order\":18,\"text\":\"104.2%\"},{\"bbox\":[101.1,634.9,251.4,652.0],\"lines\":[{\"bbox\":[101.1,634.9,251.4,652.0],\"text\":\"2009 Compared with 2008\"}],\"order\":19,\"text\":\"2009 Compared with 2008\"},{\"bbox\":[101.4,660.8,753.0,779.6],\"lines\":[{\"bbox\":[113.9,660.8,751.8,683.6],\"text\":\"Net written premiums for CNA Commercial decreased $322 million in 2009 as compared to 2008. Written premiums\"},{\"bbox\":[101.6,676.8,752.0,699.8],\"text\":\"declined in most lines primarily due to general economic conditions. Current economic conditions have led to decreased\"},{\"bbox\":[101.8,692.8,752.2,715.8],\"text\":\"insured exposures, such as in small businesses and in the construction industry due to smaller payrolls and reduced\"},{\"bbox\":[102.0,708.7,752.5,731.7],\"text\":\"project volume. This, along with competitive market conditions, may continue to put ongoing pressure on premium and\"},{\"bbox\":[102.2,724.8,752.2,747.7],\"text\":\"income levels and the expense ratio. Net earned premiums decreased $355 million in 2009 as compared with 2008,\"},{\"bbox\":[102.4,740.8,752.8,763.7],\"text\":\"consistent with the trend of lower net written premiums. Premiums were also impacted by unfavorable premium\"},{\"bbox\":[102.6,760.0,468.4,779.6],\"text\":\"development recorded in 2009 and unfavorable foreign exchange.\"}],\"order\":20,\"text\":\"Net written premiums for CNA Commercial decreased $322 million in 2009 as compared to 2008. Written premiums\\ndeclined in most lines primarily due to general economic conditions. Current economic conditions have led to decreased\\ninsured exposures, such as in small businesses and in the construction industry due to smaller payrolls and reduced\\nproject volume. This, along with competitive market conditions, may continue to put ongoing pressure on premium and\\nincome levels and the expense ratio. Net earned premiums decreased $355 million in 2009 as compared with 2008,\\nconsistent with the trend of lower net written premiums. Premiums were also impacted by unfavorable premium\\ndevelopment recorded in 2009 and unfavorable foreign exchange.\"},{\"bbox\":[102.9,788.6,753.5,827.6],\"lines\":[{\"bbox\":[115.4,788.6,753.0,811.4],\"text\":\"CNA Commercial’s average rate was flat, as compared to a decrease of 4.0% for 2008 for policies that renewed in\"},{\"bbox\":[103.1,804.6,753.5,827.6],\"text\":\"each period. Retention rates of 81.0% were achieved for those policies that were available for renewal in both periods.\"}],\"order\":21,\"text\":\"CNA Commercial’s average rate was flat, as compared to a decrease of 4.0% for 2008 for policies that renewed in\\neach period. Retention rates of 81.0% were achieved for those policies that were available for renewal in both periods.\"},{\"bbox\":[103.5,836.5,754.2,891.5],\"lines\":[{\"bbox\":[116.0,836.5,753.6,859.4],\"text\":\"Net results improved $288 million in 2009 as compared with 2008. This improvement was due to increased net\"},{\"bbox\":[103.7,852.5,754.0,875.5],\"text\":\"operating income and decreased net realized investment losses. See the Investments section of this MD&A for further\"},{\"bbox\":[103.9,871.5,505.4,891.5],\"text\":\"discussion of net realized investment results and net investment income.\"}],\"order\":22,\"text\":\"Net results improved $288 million in 2009 as compared with 2008. This improvement was due to increased net\\noperating income and decreased net realized investment losses. See the Investments section of this MD&A for further\\ndiscussion of net realized investment results and net investment income.\"},{\"bbox\":[104.3,900.5,755.2,955.4],\"lines\":[{\"bbox\":[116.8,900.5,754.8,923.3],\"text\":\"Net operating income improved $195 million in 2009 compared with 2008. This improvement was primarily driven by\"},{\"bbox\":[104.4,916.5,754.9,939.5],\"text\":\"higher net investment income and lower catastrophe losses. Partially offsetting these favorable items was an unfavorable\"},{\"bbox\":[104.6,935.1,527.5,955.4],\"text\":\"change in current accident year underwriting results excluding catastrophes.\"}],\"order\":23,\"text\":\"Net operating income improved $195 million in 2009 compared with 2008. This improvement was primarily driven by\\nhigher net investment income and lower catastrophe losses. Partially offsetting these favorable items was an unfavorable\\nchange in current accident year underwriting results excluding catastrophes.\"},{\"bbox\":[105.0,964.4,756.0,1035.3],\"lines\":[{\"bbox\":[117.5,964.4,755.5,987.2],\"text\":\"The combined ratio increased 0.9 points in 2009 as compared with 2008. The loss ratio improved 3.4 points primarily\"},{\"bbox\":[105.2,980.3,755.5,1003.3],\"text\":\"due to decreased catastrophe losses, partially offset by the impact of higher current accident year non-catastrophe loss\"},{\"bbox\":[105.4,996.4,755.5,1019.3],\"text\":\"ratios. Catastrophe losses were $82 million, or 2.4 points of the loss ratio, for 2009 as compared to $343 million, or 9.0\"},{\"bbox\":[105.6,1012.4,755.5,1035.3],\"text\":\"points of the loss ratio, for 2008. The current accident year loss ratio, excluding catastrophe losses, was unfavorably\"}],\"order\":24,\"text\":\"The combined ratio increased 0.9 points in 2009 as compared with 2008. The loss ratio improved 3.4 points primarily\\ndue to decreased catastrophe losses, partially offset by the impact of higher current accident year non-catastrophe loss\\nratios. Catastrophe losses were $82 million, or 2.4 points of the loss ratio, for 2009 as compared to $343 million, or 9.0\\npoints of the loss ratio, for 2008. The current accident year loss ratio, excluding catastrophe losses, was unfavorably\"},{\"bbox\":[423.9,1048.6,437.9,1064.1],\"lines\":[{\"bbox\":[423.9,1048.6,437.9,1064.1],\"text\":\"71\"}],\"order\":25,\"text\":\"71\"}],\"doc\":\"fintabnet:L_2009\",\"dpi\":100,\"image_px\":[850,1088],\"layout\":[],\"markdown\":\"Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations\\nResults of Operations – CNA Financial – (Continued)\\n\\nThe combined ratio increased 1.0 point in 2008 as compared with 2007. The loss ratio improved 0.8 points, primarily\\ndue to the impact of development. This was partially offset by higher current accident year loss ratios recorded primarily\\nin CNA’s E&O and D&O coverages for financial institutions due to the financial markets credit crisis in 2008.\\n\\nThe expense ratio increased 1.5 points in 2008 as compared with 2007. The increase primarily related to increased\\nunderwriting expenses and reduced ceding commissions.\\n\\nFavorable net prior year development of $106 million was recorded in 2008 compared to unfavorable net prior year\\ndevelopment of $24 million in 2007. Further information on CNA Specialty net prior year development for 2008 and\\n2007 is included in Note 9 of the Notes to Consolidated Financial Statements included under Item 8.\\n\\nCNA Commercial\\n\\nThe following table summarizes the results of operations for CNA Commercial:\\n\\nYear Ended December 31\\n(In millions, except %)\\n\\n2009\\n\\n2008\\n\\n2007\\n\\nNet written premiums\\nNet earned premiums\\nNet investment income\\nNet operating income\\nNet realized investment losses\\nNet income (loss)\\n\\n$ 3,448\\n3,432\\n922\\n456\\n(209)\\n247\\n\\n$ 3,770\\n3,787\\n603\\n261\\n(302)\\n(41)\\n\\n$ 4,007\\n4,104\\n1,006\\n619\\n(93)\\n526\\n\\n69.6%\\n35.2\\n0.3\\n105.1%\\n\\n73.0%\\n31.2\\n\\n66.8%\\n32.1\\n0.2\\n99.1%\\n\\nRatios:\\nLoss and loss adjustment expense\\nExpense\\nDividend\\nCombined\\n\\n104.2%\\n\\n2009 Compared with 2008\\n\\nNet written premiums for CNA Commercial decreased $322 million in 2009 as compared to 2008. Written premiums\\ndeclined in most lines primarily due to general economic conditions. Current economic conditions have led to decreased\\ninsured exposures, such as in small businesses and in the construction industry due to smaller payrolls and reduced\\nproject volume. This, along with competitive market conditions, may continue to put ongoing pressure on premium and\\nincome levels and the expense ratio. Net earned premiums decreased $355 million in 2009 as compared with 2008,\\nconsistent with the trend of lower net written premiums. Premiums were also impacted by unfavorable premium\\ndevelopment recorded in 2009 and unfavorable foreign exchange.\\n\\nCNA Commercial’s average rate was flat, as compared to a decrease of 4.0% for 2008 for policies that renewed in\\neach period. Retention rates of 81.0% were achieved for those policies that were available for renewal in both periods.\\n\\nNet results improved $288 million in 2009 as compared with 2008. This improvement was due to increased net\\noperating income and decreased net realized investment losses. See the Investments section of this MD&A for further\\ndiscussion of net realized investment results and net investment income.\\n\\nNet operating income improved $195 million in 2009 compared with 2008. This improvement was primarily driven by\\nhigher net investment income and lower catastrophe losses. Partially offsetting these favorable items was an unfavorable\\nchange in current accident year underwriting results excluding catastrophes.\\n\\nThe combined ratio increased 0.9 points in 2009 as compared with 2008. The loss ratio improved 3.4 points primarily\\ndue to decreased catastrophe losses, partially offset by the impact of higher current accident year non-catastrophe loss\\nratios. Catastrophe losses were $82 million, or 2.4 points of the loss ratio, for 2009 as compared to $343 million, or 9.0\\npoints of the loss ratio, for 2008. The current accident year loss ratio, excluding catastrophe losses, was unfavorably\\n\\n71\",\"name\":\"fintabnet.L_2009_page_104__100dpi_mild\",\"page_id\":\"fintabnet.L_2009_page_104\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.674,\"source\":\"fintabnet\",\"source_id\":\"L_2009_page_104\",\"stack\":[{\"deg\":0.674,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.443},{\"op\":\"noise\",\"sigma\":2.336},{\"op\":\"jpeg\",\"q\":84}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[98.0,368.9,733.4,616.9],\"block_orders\":[6,7,8,9,10,11,12,13,14,15,16,17,18],\"cells\":null}],\"text\":\"Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations\\nResults of Operations – CNA Financial – (Continued)\\n\\nThe combined ratio increased 1.0 point in 2008 as compared with 2007. The loss ratio improved 0.8 points, primarily\\ndue to the impact of development. This was partially offset by higher current accident year loss ratios recorded primarily\\nin CNA’s E&O and D&O coverages for financial institutions due to the financial markets credit crisis in 2008.\\n\\nThe expense ratio increased 1.5 points in 2008 as compared with 2007. The increase primarily related to increased\\nunderwriting expenses and reduced ceding commissions.\\n\\nFavorable net prior year development of $106 million was recorded in 2008 compared to unfavorable net prior year\\ndevelopment of $24 million in 2007. Further information on CNA Specialty net prior year development for 2008 and\\n2007 is included in Note 9 of the Notes to Consolidated Financial Statements included under Item 8.\\n\\nCNA Commercial\\n\\nThe following table summarizes the results of operations for CNA Commercial:\\n\\nYear Ended December 31\\n(In millions, except %)\\n\\n2009\\n\\n2008\\n\\n2007\\n\\nNet written premiums\\nNet earned premiums\\nNet investment income\\nNet operating income\\nNet realized investment losses\\nNet income (loss)\\n\\n$ 3,448\\n3,432\\n922\\n456\\n(209)\\n247\\n\\n$ 3,770\\n3,787\\n603\\n261\\n(302)\\n(41)\\n\\n$ 4,007\\n4,104\\n1,006\\n619\\n(93)\\n526\\n\\n69.6%\\n35.2\\n0.3\\n105.1%\\n\\n73.0%\\n31.2\\n\\n66.8%\\n32.1\\n0.2\\n99.1%\\n\\nRatios:\\nLoss and loss adjustment expense\\nExpense\\nDividend\\nCombined\\n\\n104.2%\\n\\n2009 Compared with 2008\\n\\nNet written premiums for CNA Commercial decreased $322 million in 2009 as compared to 2008. Written premiums\\ndeclined in most lines primarily due to general economic conditions. Current economic conditions have led to decreased\\ninsured exposures, such as in small businesses and in the construction industry due to smaller payrolls and reduced\\nproject volume. This, along with competitive market conditions, may continue to put ongoing pressure on premium and\\nincome levels and the expense ratio. Net earned premiums decreased $355 million in 2009 as compared with 2008,\\nconsistent with the trend of lower net written premiums. Premiums were also impacted by unfavorable premium\\ndevelopment recorded in 2009 and unfavorable foreign exchange.\\n\\nCNA Commercial’s average rate was flat, as compared to a decrease of 4.0% for 2008 for policies that renewed in\\neach period. Retention rates of 81.0% were achieved for those policies that were available for renewal in both periods.\\n\\nNet results improved $288 million in 2009 as compared with 2008. This improvement was due to increased net\\noperating income and decreased net realized investment losses. See the Investments section of this MD&A for further\\ndiscussion of net realized investment results and net investment income.\\n\\nNet operating income improved $195 million in 2009 compared with 2008. This improvement was primarily driven by\\nhigher net investment income and lower catastrophe losses. Partially offsetting these favorable items was an unfavorable\\nchange in current accident year underwriting results excluding catastrophes.\\n\\nThe combined ratio increased 0.9 points in 2009 as compared with 2008. The loss ratio improved 3.4 points primarily\\ndue to decreased catastrophe losses, partially offset by the impact of higher current accident year non-catastrophe loss\\nratios. Catastrophe losses were $82 million, or 2.4 points of the loss ratio, for 2009 as compared to $343 million, or 9.0\\npoints of the loss ratio, for 2008. 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Although the\\nLTIP permits the issuance of shares of Class B common stock, no such shares have been reserved for issuance.\\nShares issued as a result of option exercises and the conversions of RSUs are expected to be funded with the\\nissuance of new shares of Class A common stock.\"},{\"bbox\":[108.3,390.3,192.1,402.8],\"lines\":[{\"bbox\":[108.3,390.3,192.1,402.8],\"text\":\"Stock Options\"}],\"order\":4,\"text\":\"Stock Options\"},{\"bbox\":[108.3,415.3,741.6,461.3],\"lines\":[{\"bbox\":[136.1,415.3,741.6,428.0],\"text\":\"The fair value of each option is estimated on the date of grant using a Black-Scholes option pricing model.\"},{\"bbox\":[108.3,432.0,741.6,444.7],\"text\":\"The following table presents the weighted-average assumptions used in the valuation and the resulting weighted-\"},{\"bbox\":[108.3,448.6,505.1,461.3],\"text\":\"average fair value per option granted for the years ended December 31:\"}],\"order\":5,\"text\":\"The fair value of each option is estimated on the date of grant using a Black-Scholes option pricing model.\\nThe following table presents the weighted-average assumptions used in the valuation and the resulting weighted-\\naverage fair value per option granted for the years ended December 31:\"},{\"bbox\":[565.6,478.3,587.8,488.4],\"lines\":[{\"bbox\":[565.6,478.3,587.8,488.4],\"text\":\"2009\"}],\"order\":6,\"text\":\"2009\"},{\"bbox\":[136.1,498.6,536.8,578.0],\"lines\":[{\"bbox\":[136.1,498.6,536.8,511.3],\"text\":\"Risk-free rate of return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[136.1,515.3,536.8,528.0],\"text\":\"Expected term (in years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[136.1,532.0,536.8,544.7],\"text\":\"Expected volatility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[136.1,548.6,536.8,561.3],\"text\":\"Expected dividend yield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[136.1,565.3,536.8,578.0],\"text\":\"Weighted-average fair value per option granted . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Risk-free rate of return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected term (in years) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected volatility . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected dividend yield . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWeighted-average fair value per option granted . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[624.7,478.3,646.9,488.4],\"lines\":[{\"bbox\":[624.7,478.3,646.9,488.4],\"text\":\"2008\"}],\"order\":8,\"text\":\"2008\"},{\"bbox\":[683.7,478.3,705.9,488.4],\"lines\":[{\"bbox\":[683.7,478.3,705.9,488.4],\"text\":\"2007\"}],\"order\":9,\"text\":\"2007\"},{\"bbox\":[557.6,498.6,725.5,578.0],\"lines\":[{\"bbox\":[578.5,498.6,607.4,511.3],\"text\":\"2.5%\"},{\"bbox\":[637.5,498.6,666.4,511.3],\"text\":\"3.2%\"},{\"bbox\":[696.5,498.6,725.5,511.3],\"text\":\"4.4%\"},{\"bbox\":[571.5,515.3,595.8,528.0],\"text\":\"6.17\"},{\"bbox\":[630.6,515.3,654.9,528.0],\"text\":\"6.25\"},{\"bbox\":[689.6,515.3,713.9,528.0],\"text\":\"6.25\"},{\"bbox\":[571.5,532.0,607.4,544.7],\"text\":\"41.7%\"},{\"bbox\":[630.6,532.0,666.4,544.7],\"text\":\"37.9%\"},{\"bbox\":[689.6,532.0,725.5,544.7],\"text\":\"30.9%\"},{\"bbox\":[578.5,548.6,607.4,561.3],\"text\":\"0.4%\"},{\"bbox\":[637.5,548.6,666.4,561.3],\"text\":\"0.3%\"},{\"bbox\":[696.5,548.6,725.5,561.3],\"text\":\"0.6%\"},{\"bbox\":[557.6,565.3,595.8,578.0],\"text\":\"$71.03\"},{\"bbox\":[616.7,565.3,654.9,578.0],\"text\":\"$78.54\"},{\"bbox\":[675.7,565.3,713.9,578.0],\"text\":\"$41.03\"}],\"order\":10,\"text\":\"2.5%\\n3.2%\\n4.4%\\n6.17\\n6.25\\n6.25\\n41.7%\\n37.9%\\n30.9%\\n0.4%\\n0.3%\\n0.6%\\n$71.03\\n$78.54\\n$41.03\"},{\"bbox\":[108.3,598.6,741.7,778.0],\"lines\":[{\"bbox\":[136.1,598.6,741.7,611.3],\"text\":\"The risk-free rate of return was based on the U.S. Treasury yield curve in effect on the date of grant. 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The expected volatility for options granted during 2009 was based on\\nthe average of the implied volatility of MasterCard and a blend of the historical volatility of MasterCard and the\\nhistorical volatility of a group of companies that management believes is generally comparable to MasterCard.\\nThe expected volatility for options granted during 2008 was based on the average of the implied volatility of\\nMasterCard and the historical volatility of a group of companies that management believes is generally\\ncomparable to MasterCard. 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As the Company did not have sufficient publicly traded stock data historically, the\\nexpected volatility for options granted during 2007 was primarily based on the average of the historical and\\nimplied volatility of a group of companies that management believed was generally comparable to MasterCard.\\nThe expected dividend yields were based on the Company’s expected annual dividend rate on the date of grant.\\n\\n110\",\"name\":\"fintabnet.MA_2009_page_120__100dpi_none\",\"page_id\":\"fintabnet.MA_2009_page_120\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"MA_2009_page_120\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[136.1,475.8,725.5,578.0],\"block_orders\":[6,7,8,9,10],\"cells\":null}],\"text\":\"MASTERCARD INCORPORATED\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n(In thousands, except percent and per share data)\\n\\nUpon termination of employment, excluding retirement, all of a participant’s unvested awards are forfeited.\\nHowever, when a participant terminates employment due to retirement, the participant generally retains all of\\ntheir awards without providing additional service to the Company. 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Morgan Securities Inc., as co-arranger (incorporated by reference to\"},{\"bbox\":[474.8,1339.9,2231.2,1443.4],\"text\":\"Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed May 2, 2006 (File No. 000-50250)).\"}],\"order\":6,\"text\":\"$2,500,000,000 Credit Agreement, dated as of April 28, 2006, among MasterCard Incorporated,\\nMasterCard International Incorporated, the several lenders, Citigroup Global Markets Inc., as sole lead\\narranger and sole book manager, Citibank N.A., as co-administrative agent, JPMorgan Chase Bank, N.A.\\nas co-administrative agent, and J.P. Morgan Securities Inc., as co-arranger (incorporated by reference to\\nExhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed May 2, 2006 (File No. 000-50250)).\"},{\"bbox\":[330.9,1436.7,405.1,1477.6],\"lines\":[{\"bbox\":[330.9,1436.7,405.1,1477.6],\"text\":\"10.2\"}],\"order\":7,\"text\":\"10.2\"},{\"bbox\":[467.3,1441.9,2230.9,1643.4],\"lines\":[{\"bbox\":[471.0,1441.9,2230.9,1545.5],\"text\":\"Lease, dated as of April 1, 2003, between MasterCard International, LLC and City of Kansas City,\"},{\"bbox\":[469.2,1490.8,2229.0,1594.4],\"text\":\"Missouri relating to the Kansas City facility (incorporated by reference to Exhibit 10.4 to the Company’s\"},{\"bbox\":[467.3,1539.8,1744.3,1625.4],\"text\":\"Quarterly Report on Form 10-Q filed August 8, 2003 (File No. 000-50250)).\"}],\"order\":8,\"text\":\"Lease, dated as of April 1, 2003, between MasterCard International, LLC and City of Kansas City,\\nMissouri relating to the Kansas City facility (incorporated by reference to Exhibit 10.4 to the Company’s\\nQuarterly Report on Form 10-Q filed August 8, 2003 (File No. 000-50250)).\"},{\"bbox\":[323.4,1636.6,418.5,1678.2],\"lines\":[{\"bbox\":[323.4,1636.6,418.5,1678.2],\"text\":\"10.3*\"}],\"order\":9,\"text\":\"10.3*\"},{\"bbox\":[459.9,1641.8,2223.3,1843.2],\"lines\":[{\"bbox\":[463.5,1641.8,2223.3,1745.4],\"text\":\"Agreement, dated as of January 1, 2004, by and among MasterCard International Incorporated, Citibank,\"},{\"bbox\":[461.7,1690.7,2221.4,1794.3],\"text\":\"N.A., et al. (incorporated by reference to Exhibit 10.2 to the Company’s Report on Form 10-Q filed\"},{\"bbox\":[459.9,1739.6,1106.9,1801.8],\"text\":\"August 5, 2004 (File No. 000-50250)).\"}],\"order\":10,\"text\":\"Agreement, dated as of January 1, 2004, by and among MasterCard International Incorporated, Citibank,\\nN.A., et al. (incorporated by reference to Exhibit 10.2 to the Company’s Report on Form 10-Q filed\\nAugust 5, 2004 (File No. 000-50250)).\"},{\"bbox\":[316.0,1836.4,411.1,1878.0],\"lines\":[{\"bbox\":[316.0,1836.4,411.1,1878.0],\"text\":\"10.4*\"}],\"order\":11,\"text\":\"10.4*\"},{\"bbox\":[452.5,1841.6,2216.1,2043.1],\"lines\":[{\"bbox\":[456.1,1841.6,2216.1,1945.2],\"text\":\"Master Agreement, dated as of February 8, 2005, between MasterCard International Incorporated and\"},{\"bbox\":[454.3,1890.6,2214.2,1994.2],\"text\":\"JPMorgan Chase Bank, National Association (incorporated by reference to Exhibit 10.1 to the\"},{\"bbox\":[452.5,1939.5,1888.1,2031.0],\"text\":\"Company’s Quarterly Report on Form 10-Q filed May 9, 2005 (File No. 000-50250)).\"}],\"order\":12,\"text\":\"Master Agreement, dated as of February 8, 2005, between MasterCard International Incorporated and\\nJPMorgan Chase Bank, National Association (incorporated by reference to Exhibit 10.1 to the\\nCompany’s Quarterly Report on Form 10-Q filed May 9, 2005 (File No. 000-50250)).\"},{\"bbox\":[308.5,2036.3,403.6,2077.9],\"lines\":[{\"bbox\":[308.5,2036.3,403.6,2077.9],\"text\":\"10.5*\"}],\"order\":13,\"text\":\"10.5*\"},{\"bbox\":[443.2,2041.5,2208.6,2291.9],\"lines\":[{\"bbox\":[448.7,2041.5,2208.0,2145.1],\"text\":\"Member Business Agreement, dated July 1, 2003, by and between MasterCard International\"},{\"bbox\":[446.8,2090.4,2206.8,2194.0],\"text\":\"Incorporated, HSBC Bank USA and HSBC Bank Nevada, N.A., as successor to Household Bank (SB),\"},{\"bbox\":[445.0,2139.3,2204.9,2242.9],\"text\":\"N.A. (incorporated by reference to Exhibit 10.25 to Pre-Effective Amendment No. 8 to the Company’s\"},{\"bbox\":[443.2,2188.3,1787.8,2276.4],\"text\":\"Registration Statement on Form S-1 filed May 23, 2006 (File No. 333-128337)).\"}],\"order\":14,\"text\":\"Member Business Agreement, dated July 1, 2003, by and between MasterCard International\\nIncorporated, HSBC Bank USA and HSBC Bank Nevada, N.A., as successor to Household Bank (SB),\\nN.A. (incorporated by reference to Exhibit 10.25 to Pre-Effective Amendment No. 8 to the Company’s\\nRegistration Statement on Form S-1 filed May 23, 2006 (File No. 333-128337)).\"},{\"bbox\":[299.3,2285.1,394.4,2326.7],\"lines\":[{\"bbox\":[299.3,2285.1,394.4,2326.7],\"text\":\"10.6*\"}],\"order\":15,\"text\":\"10.6*\"},{\"bbox\":[433.9,2290.3,2199.4,2540.7],\"lines\":[{\"bbox\":[439.4,2290.3,2199.4,2393.9],\"text\":\"Amendment to Member Business Agreement by and between MasterCard International Incorporated and\"},{\"bbox\":[437.6,2339.2,2197.1,2442.8],\"text\":\"HSBC Bank USA and Household Bank (SB), N.A. dated December 27, 2006 (incorporated by reference\"},{\"bbox\":[435.7,2388.1,2195.7,2491.7],\"text\":\"to Exhibit 10.26 to the Company’s Annual Report on Form 10-K filed February 28, 2007 (File No. 001-\"},{\"bbox\":[433.9,2437.1,577.6,2480.5],\"text\":\"32877)).\"}],\"order\":16,\"text\":\"Amendment to Member Business Agreement by and between MasterCard International Incorporated and\\nHSBC Bank USA and Household Bank (SB), N.A. dated December 27, 2006 (incorporated by reference\\nto Exhibit 10.26 to the Company’s Annual Report on Form 10-K filed February 28, 2007 (File No. 001-\\n32877)).\"},{\"bbox\":[290.0,2533.9,386.3,2575.5],\"lines\":[{\"bbox\":[290.0,2533.9,386.3,2575.5],\"text\":\"10.7+\"}],\"order\":17,\"text\":\"10.7+\"},{\"bbox\":[426.5,2539.1,2190.1,2740.5],\"lines\":[{\"bbox\":[430.1,2539.1,2190.1,2642.7],\"text\":\"Employment Agreement between Robert W. Selander and MasterCard International dated December 31,\"},{\"bbox\":[428.3,2588.0,2188.0,2691.6],\"text\":\"2008 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed\"},{\"bbox\":[426.5,2636.9,1082.8,2699.4],\"text\":\"January 2, 2009 (File No. 001-32877)).\"}],\"order\":18,\"text\":\"Employment Agreement between Robert W. Selander and MasterCard International dated December 31,\\n2008 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed\\nJanuary 2, 2009 (File No. 001-32877)).\"},{\"bbox\":[282.5,2734.8,378.8,2776.4],\"lines\":[{\"bbox\":[282.5,2734.8,378.8,2776.4],\"text\":\"10.8+\"}],\"order\":19,\"text\":\"10.8+\"},{\"bbox\":[418.9,2740.0,2182.7,2943.5],\"lines\":[{\"bbox\":[422.7,2740.0,2182.7,2843.6],\"text\":\"Employment Agreement between Noah J. Hanft and MasterCard International dated December 30, 2008\"},{\"bbox\":[420.8,2789.9,2180.5,2893.5],\"text\":\"(incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed\"},{\"bbox\":[418.9,2839.9,1075.3,2902.4],\"text\":\"January 2, 2009 (File No. 001-32877)).\"}],\"order\":20,\"text\":\"Employment Agreement between Noah J. Hanft and MasterCard International dated December 30, 2008\\n(incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed\\nJanuary 2, 2009 (File No. 001-32877)).\"},{\"bbox\":[1193.2,2968.8,1257.1,3009.3],\"lines\":[{\"bbox\":[1193.2,2968.8,1257.1,3009.3],\"text\":\"139\"}],\"order\":21,\"text\":\"139\"}],\"doc\":\"fintabnet:MA_2009\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"EXHIBIT INDEX\\n\\n3.1(a) Amended and Restated Certificate of Incorporation of MasterCard Incorporated (incorporated by\\nreference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q filed July 31, 2009 (File No.\\n001-32877)).\\n\\n3.1(b) Amended and Restated Bylaws of MasterCard Incorporated (incorporated by reference to Exhibit 3.1 to\\nthe Company’s Current Report on Form 8-K filed December 5, 2008 (File No. 001-32877)).\\n\\n3.2(a) Amended and Restated Certificate of Incorporation of MasterCard International Incorporated\\n(incorporated by reference to Exhibit 3.2 (a) to the Company’s Quarterly Report on Form 10-Q filed\\nAugust 2, 2006 (File No. 001-32877)).\\n\\n3.2(b) Amended and Restated Bylaws of MasterCard International Incorporated (incorporated by reference to\\nExhibit 3.1 to the Company’s Quarterly Report on Form 10-Q filed November 3, 2009 (File No. 001-\\n32877)).\\n\\n10.1\\n\\n$2,500,000,000 Credit Agreement, dated as of April 28, 2006, among MasterCard Incorporated,\\nMasterCard International Incorporated, the several lenders, Citigroup Global Markets Inc., as sole lead\\narranger and sole book manager, Citibank N.A., as co-administrative agent, JPMorgan Chase Bank, N.A.\\nas co-administrative agent, and J.P. Morgan Securities Inc., as co-arranger (incorporated by reference to\\nExhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed May 2, 2006 (File No. 000-50250)).\\n\\n10.2\\n\\nLease, dated as of April 1, 2003, between MasterCard International, LLC and City of Kansas City,\\nMissouri relating to the Kansas City facility (incorporated by reference to Exhibit 10.4 to the Company’s\\nQuarterly Report on Form 10-Q filed August 8, 2003 (File No. 000-50250)).\\n\\n10.3*\\n\\nAgreement, dated as of January 1, 2004, by and among MasterCard International Incorporated, Citibank,\\nN.A., et al. (incorporated by reference to Exhibit 10.2 to the Company’s Report on Form 10-Q filed\\nAugust 5, 2004 (File No. 000-50250)).\\n\\n10.4*\\n\\nMaster Agreement, dated as of February 8, 2005, between MasterCard International Incorporated and\\nJPMorgan Chase Bank, National Association (incorporated by reference to Exhibit 10.1 to the\\nCompany’s Quarterly Report on Form 10-Q filed May 9, 2005 (File No. 000-50250)).\\n\\n10.5*\\n\\nMember Business Agreement, dated July 1, 2003, by and between MasterCard International\\nIncorporated, HSBC Bank USA and HSBC Bank Nevada, N.A., as successor to Household Bank (SB),\\nN.A. (incorporated by reference to Exhibit 10.25 to Pre-Effective Amendment No. 8 to the Company’s\\nRegistration Statement on Form S-1 filed May 23, 2006 (File No. 333-128337)).\\n\\n10.6*\\n\\nAmendment to Member Business Agreement by and between MasterCard International Incorporated and\\nHSBC Bank USA and Household Bank (SB), N.A. dated December 27, 2006 (incorporated by reference\\nto Exhibit 10.26 to the Company’s Annual Report on Form 10-K filed February 28, 2007 (File No. 001-\\n32877)).\\n\\n10.7+\\n\\nEmployment Agreement between Robert W. Selander and MasterCard International dated December 31,\\n2008 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed\\nJanuary 2, 2009 (File No. 001-32877)).\\n\\n10.8+\\n\\nEmployment Agreement between Noah J. Hanft and MasterCard International dated December 30, 2008\\n(incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed\\nJanuary 2, 2009 (File No. 001-32877)).\\n\\n139\",\"name\":\"fintabnet.MA_2009_page_149__300dpi_heavy\",\"page_id\":\"fintabnet.MA_2009_page_149\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.132,\"source\":\"fintabnet\",\"source_id\":\"MA_2009_page_149\",\"stack\":[{\"deg\":-2.132,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.531},{\"op\":\"noise\",\"sigma\":13.728},{\"gain\":0.594,\"op\":\"contrast\"},{\"offset\":-0.012,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[278.8,380.1,2270.5,2943.6],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20],\"cells\":null}],\"text\":\"EXHIBIT INDEX\\n\\n3.1(a) Amended and Restated Certificate of Incorporation of MasterCard Incorporated (incorporated by\\nreference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q filed July 31, 2009 (File No.\\n001-32877)).\\n\\n3.1(b) Amended and Restated Bylaws of MasterCard Incorporated (incorporated by reference to Exhibit 3.1 to\\nthe Company’s Current Report on Form 8-K filed December 5, 2008 (File No. 001-32877)).\\n\\n3.2(a) Amended and Restated Certificate of Incorporation of MasterCard International Incorporated\\n(incorporated by reference to Exhibit 3.2 (a) to the Company’s Quarterly Report on Form 10-Q filed\\nAugust 2, 2006 (File No. 001-32877)).\\n\\n3.2(b) Amended and Restated Bylaws of MasterCard International Incorporated (incorporated by reference to\\nExhibit 3.1 to the Company’s Quarterly Report on Form 10-Q filed November 3, 2009 (File No. 001-\\n32877)).\\n\\n10.1\\n\\n$2,500,000,000 Credit Agreement, dated as of April 28, 2006, among MasterCard Incorporated,\\nMasterCard International Incorporated, the several lenders, Citigroup Global Markets Inc., as sole lead\\narranger and sole book manager, Citibank N.A., as co-administrative agent, JPMorgan Chase Bank, N.A.\\nas co-administrative agent, and J.P. Morgan Securities Inc., as co-arranger (incorporated by reference to\\nExhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed May 2, 2006 (File No. 000-50250)).\\n\\n10.2\\n\\nLease, dated as of April 1, 2003, between MasterCard International, LLC and City of Kansas City,\\nMissouri relating to the Kansas City facility (incorporated by reference to Exhibit 10.4 to the Company’s\\nQuarterly Report on Form 10-Q filed August 8, 2003 (File No. 000-50250)).\\n\\n10.3*\\n\\nAgreement, dated as of January 1, 2004, by and among MasterCard International Incorporated, Citibank,\\nN.A., et al. (incorporated by reference to Exhibit 10.2 to the Company’s Report on Form 10-Q filed\\nAugust 5, 2004 (File No. 000-50250)).\\n\\n10.4*\\n\\nMaster Agreement, dated as of February 8, 2005, between MasterCard International Incorporated and\\nJPMorgan Chase Bank, National Association (incorporated by reference to Exhibit 10.1 to the\\nCompany’s Quarterly Report on Form 10-Q filed May 9, 2005 (File No. 000-50250)).\\n\\n10.5*\\n\\nMember Business Agreement, dated July 1, 2003, by and between MasterCard International\\nIncorporated, HSBC Bank USA and HSBC Bank Nevada, N.A., as successor to Household Bank (SB),\\nN.A. (incorporated by reference to Exhibit 10.25 to Pre-Effective Amendment No. 8 to the Company’s\\nRegistration Statement on Form S-1 filed May 23, 2006 (File No. 333-128337)).\\n\\n10.6*\\n\\nAmendment to Member Business Agreement by and between MasterCard International Incorporated and\\nHSBC Bank USA and Household Bank (SB), N.A. dated December 27, 2006 (incorporated by reference\\nto Exhibit 10.26 to the Company’s Annual Report on Form 10-K filed February 28, 2007 (File No. 001-\\n32877)).\\n\\n10.7+\\n\\nEmployment Agreement between Robert W. Selander and MasterCard International dated December 31,\\n2008 (incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed\\nJanuary 2, 2009 (File No. 001-32877)).\\n\\n10.8+\\n\\nEmployment Agreement between Noah J. Hanft and MasterCard International dated December 30, 2008\\n(incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed\\nJanuary 2, 2009 (File No. 001-32877)).\\n\\n139\"},\"name\":\"fintabnet.MA_2009_page_149__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":167526,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:MA_2009\",\"dpi\":300,\"gt_sha256\":\"edd4f8d8b564f70f19c4f796ec39218c40797f591d0aac2ab3a2c6121e29b2c3\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MA_2009_page_149__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.MA_2009_page_149\",\"pdf_sha256\":\"bc1f76ffbd48f7478a59086b3ebfbe0721836433c5621577e63cee9c8068a169\",\"px\":[2550,3300],\"scan\":{\"render\":\"000000001ffc1ff81ffc1ffc1ffc1ffc1ffc1ffc1ffc1ffc1ffc3ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"MA_2009_page_149\",\"src\":{\"file_sha256\":\"fc41bb54325429946861d9170744504d41486b109d1f5209f21104972d893d91\",\"render\":\"000001801ff81ff81ffc1ffc1ffc1ff81ffc1ff81ffc1ffc1ffc1ffc00000000\",\"text\":\"797c86f3bc1d242a6a5761ef93d4776c420e551c0b0fdfe14dd5356095252b39\"},\"stack\":[{\"deg\":-2.132,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.531},{\"op\":\"noise\",\"sigma\":13.728},{\"gain\":0.594,\"op\":\"contrast\"},{\"offset\":-0.012,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"bc1f76ffbd48f7478a59086b3ebfbe0721836433c5621577e63cee9c8068a169\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/bc1f76ffbd48f7478a59086b3ebfbe0721836433c5621577e63cee9c8068a169.pdf","asset_sha256":"bc1f76ffbd48f7478a59086b3ebfbe0721836433c5621577e63cee9c8068a169","document_id":"fintabnet:MA_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MA_2009_page_149\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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the Years Ended December 31,\"}],\"order\":75,\"text\":\"For the Years Ended December 31,\"},{\"bbox\":[651.6,732.2,686.0,753.7],\"lines\":[{\"bbox\":[651.6,732.2,686.0,753.7],\"text\":\"2015\"}],\"order\":76,\"text\":\"2015\"},{\"bbox\":[642.9,759.1,692.7,797.7],\"lines\":[{\"bbox\":[643.4,759.1,692.7,781.0],\"text\":\"Special\"},{\"bbox\":[643.3,773.4,691.9,797.7],\"text\":\"Items 1\"}],\"order\":77,\"text\":\"Special\\nItems 1\"},{\"bbox\":[547.3,772.8,592.0,794.6],\"lines\":[{\"bbox\":[547.3,772.8,592.0,794.6],\"text\":\"Actual\"}],\"order\":78,\"text\":\"Actual\"},{\"bbox\":[728.3,778.4,802.6,801.1],\"lines\":[{\"bbox\":[728.3,778.4,802.6,801.1],\"text\":\"Non-GAAP\"}],\"order\":79,\"text\":\"Non-GAAP\"},{\"bbox\":[1009.5,770.3,1059.3,809.0],\"lines\":[{\"bbox\":[1010.0,770.3,1059.3,792.3],\"text\":\"Special\"},{\"bbox\":[1009.9,784.6,1058.5,808.9],\"text\":\"Items 1\"}],\"order\":80,\"text\":\"Special\\nItems 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9,667\"},{\"bbox\":[822.5,832.5,891.7,860.1],\"lines\":[{\"bbox\":[822.5,832.5,891.7,860.1],\"text\":\"$ 9,441\"}],\"order\":86,\"text\":\"$ 9,441\"},{\"bbox\":[937.8,836.1,964.0,862.3],\"lines\":[{\"bbox\":[937.8,836.1,964.0,862.3],\"text\":\"2%\"}],\"order\":87,\"text\":\"2%\"},{\"bbox\":[1014.9,838.4,1049.4,865.0],\"lines\":[{\"bbox\":[1014.9,838.4,1049.4,865.0],\"text\":\"—%\"}],\"order\":88,\"text\":\"—%\"},{\"bbox\":[1100.3,841.1,1126.5,867.3],\"lines\":[{\"bbox\":[1100.3,841.1,1126.5,867.3],\"text\":\"2%\"}],\"order\":89,\"text\":\"2%\"},{\"bbox\":[86.2,864.2,700.7,962.6],\"lines\":[{\"bbox\":[87.9,864.2,700.7,908.5],\"text\":\"Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,589 $ (140)\"},{\"bbox\":[87.0,891.3,693.4,935.3],\"text\":\"Operating income. . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,078 $ 140\"},{\"bbox\":[86.2,918.3,513.5,956.9],\"text\":\"Operating margin . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[557.1,932.8,609.7,959.9],\"text\":\"52.5%\"}],\"order\":90,\"text\":\"Operating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,589 $ (140)\\nOperating income. . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,078 $ 140\\nOperating margin . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n52.5%\"},{\"bbox\":[721.3,883.7,905.0,968.9],\"lines\":[{\"bbox\":[723.0,883.7,890.1,914.3],\"text\":\"$ 4,449 $ 4,335\"},{\"bbox\":[722.1,910.8,889.2,941.4],\"text\":\"$ 5,218 $ 5,106\"},{\"bbox\":[752.8,938.8,805.4,965.9],\"text\":\"54.0%\"},{\"bbox\":[850.7,941.8,903.3,968.9],\"text\":\"54.1%\"}],\"order\":91,\"text\":\"$ 4,449 $ 4,335\\n$ 5,218 $ 5,106\\n54.0%\\n54.1%\"},{\"bbox\":[929.1,890.0,968.7,943.8],\"lines\":[{\"bbox\":[936.2,890.2,962.5,916.5],\"text\":\"6%\"},{\"bbox\":[929.1,917.1,967.9,943.8],\"text\":\"(1)%\"}],\"order\":92,\"text\":\"6%\\n(1)%\"},{\"bbox\":[1010.3,892.5,1050.0,946.3],\"lines\":[{\"bbox\":[1017.5,892.7,1043.7,919.0],\"text\":\"3%\"},{\"bbox\":[1010.3,919.6,1049.1,946.3],\"text\":\"(3)%\"}],\"order\":93,\"text\":\"3%\\n(3)%\"},{\"bbox\":[1097.8,895.2,1125.0,948.6],\"lines\":[{\"bbox\":[1098.7,895.2,1125.0,921.5],\"text\":\"3%\"},{\"bbox\":[1097.8,922.3,1124.0,948.6],\"text\":\"2%\"}],\"order\":94,\"text\":\"3%\\n2%\"},{\"bbox\":[83.8,968.3,633.2,1037.7],\"lines\":[{\"bbox\":[84.7,968.3,633.2,1010.6],\"text\":\"Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,150 $\"},{\"bbox\":[83.8,995.4,511.3,1034.0],\"text\":\"Effective income tax rate. . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[554.8,1009.9,607.4,1036.9],\"text\":\"23.2%\"}],\"order\":95,\"text\":\"Income tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,150 $\\nEffective income tax rate. . . . . . . . . . . . . . . . . . . . . .\\n23.2%\"},{\"bbox\":[669.2,986.3,691.1,1012.4],\"lines\":[{\"bbox\":[669.2,986.3,691.1,1012.4],\"text\":\"45\"}],\"order\":96,\"text\":\"45\"},{\"bbox\":[719.0,987.8,970.8,1048.1],\"lines\":[{\"bbox\":[719.8,987.8,886.8,1018.4],\"text\":\"$ 1,195 $ 1,462\"},{\"bbox\":[921.4,994.0,970.8,1021.0],\"text\":\"(21)%\"},{\"bbox\":[750.6,1015.9,803.2,1043.0],\"text\":\"23.4%\"},{\"bbox\":[848.4,1018.9,901.0,1046.0],\"text\":\"28.8%\"}],\"order\":97,\"text\":\"$ 1,195 $ 1,462\\n(21)%\\n23.4%\\n28.8%\"},{\"bbox\":[1007.9,996.7,1046.8,1023.3],\"lines\":[{\"bbox\":[1007.9,996.7,1046.8,1023.3],\"text\":\"(3)%\"}],\"order\":98,\"text\":\"(3)%\"},{\"bbox\":[1083.8,999.0,1133.2,1026.0],\"lines\":[{\"bbox\":[1083.8,999.0,1133.2,1026.0],\"text\":\"(18)%\"}],\"order\":99,\"text\":\"(18)%\"},{\"bbox\":[82.2,1049.6,590.6,1090.6],\"lines\":[{\"bbox\":[82.2,1049.6,590.6,1090.6],\"text\":\"Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,808\"}],\"order\":100,\"text\":\"Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,808\"},{\"bbox\":[619.4,1066.1,630.7,1091.9],\"lines\":[{\"bbox\":[619.4,1066.1,630.7,1091.9],\"text\":\"$\"}],\"order\":101,\"text\":\"$\"},{\"bbox\":[666.7,1067.5,688.6,1093.6],\"lines\":[{\"bbox\":[666.7,1067.5,688.6,1093.6],\"text\":\"95\"}],\"order\":102,\"text\":\"95\"},{\"bbox\":[717.3,1069.1,786.4,1096.7],\"lines\":[{\"bbox\":[717.3,1069.1,786.4,1096.7],\"text\":\"$ 3,903\"}],\"order\":103,\"text\":\"$ 3,903\"},{\"bbox\":[815.2,1072.1,884.3,1099.7],\"lines\":[{\"bbox\":[815.2,1072.1,884.3,1099.7],\"text\":\"$ 3,617\"}],\"order\":104,\"text\":\"$ 3,617\"},{\"bbox\":[930.4,1075.6,956.7,1101.9],\"lines\":[{\"bbox\":[930.4,1075.6,956.7,1101.9],\"text\":\"5%\"}],\"order\":105,\"text\":\"5%\"},{\"bbox\":[1005.4,1077.9,1044.3,1104.6],\"lines\":[{\"bbox\":[1005.4,1077.9,1044.3,1104.6],\"text\":\"(3)%\"}],\"order\":106,\"text\":\"(3)%\"},{\"bbox\":[1092.9,1080.6,1119.1,1106.9],\"lines\":[{\"bbox\":[1092.9,1080.6,1119.1,1106.9],\"text\":\"8%\"}],\"order\":107,\"text\":\"8%\"},{\"bbox\":[79.7,1103.7,589.1,1171.9],\"lines\":[{\"bbox\":[80.5,1103.7,589.0,1144.8],\"text\":\"Diluted earnings per share . . . . . . . . . . . . . . . . . . . . $ 3.35\"},{\"bbox\":[79.7,1130.8,507.3,1169.4],\"text\":\"Diluted weighted-average shares outstanding. . . . .\"},{\"bbox\":[540.1,1144.9,588.3,1171.9],\"text\":\"1,137\"}],\"order\":108,\"text\":\"Diluted earnings per share . . . . . . . . . . . . . . . . . . . . $ 3.35\\nDiluted weighted-average shares outstanding. . . . .\\n1,137\"},{\"bbox\":[617.7,1120.2,629.1,1146.0],\"lines\":[{\"bbox\":[617.7,1120.2,629.1,1146.0],\"text\":\"$\"}],\"order\":109,\"text\":\"$\"},{\"bbox\":[649.2,1121.2,686.9,1147.8],\"lines\":[{\"bbox\":[649.2,1121.2,686.9,1147.8],\"text\":\"0.08\"}],\"order\":110,\"text\":\"0.08\"},{\"bbox\":[715.6,1123.2,727.0,1149.0],\"lines\":[{\"bbox\":[715.6,1123.2,727.0,1149.0],\"text\":\"$\"}],\"order\":111,\"text\":\"$\"},{\"bbox\":[813.5,1126.2,824.9,1152.0],\"lines\":[{\"bbox\":[813.5,1126.2,824.9,1152.0],\"text\":\"$\"}],\"order\":112,\"text\":\"$\"},{\"bbox\":[921.9,1129.6,961.6,1183.3],\"lines\":[{\"bbox\":[928.8,1129.8,955.0,1156.0],\"text\":\"8%\"},{\"bbox\":[921.9,1156.7,960.7,1183.3],\"text\":\"(3)%\"}],\"order\":113,\"text\":\"8%\\n(3)%\"},{\"bbox\":[1003.8,1132.1,1042.6,1158.7],\"lines\":[{\"bbox\":[1003.8,1132.1,1042.6,1158.7],\"text\":\"(3)%\"}],\"order\":114,\"text\":\"(3)%\"},{\"bbox\":[1084.4,1134.6,1124.0,1188.3],\"lines\":[{\"bbox\":[1086.1,1134.6,1122.9,1161.2],\"text\":\"11%\"},{\"bbox\":[1084.4,1161.7,1123.2,1188.3],\"text\":\"(3)%\"}],\"order\":115,\"text\":\"11%\\n(3)%\"},{\"bbox\":[735.9,1123.9,784.9,1177.9],\"lines\":[{\"bbox\":[747.1,1124.2,784.8,1150.8],\"text\":\"3.43\"},{\"bbox\":[735.9,1151.0,784.1,1177.9],\"text\":\"1,137\"}],\"order\":116,\"text\":\"3.43\\n1,137\"},{\"bbox\":[833.8,1126.9,882.8,1180.9],\"lines\":[{\"bbox\":[845.0,1127.2,882.7,1153.8],\"text\":\"3.10\"},{\"bbox\":[833.8,1154.0,882.0,1180.9],\"text\":\"1,169\"}],\"order\":117,\"text\":\"3.10\\n1,169\"},{\"bbox\":[136.9,1186.8,689.2,1244.1],\"lines\":[{\"bbox\":[137.5,1186.8,429.9,1216.1],\"text\":\"Note: Tables may not sum due to rounding.\"},{\"bbox\":[137.2,1204.4,143.1,1217.8],\"text\":\"1\"},{\"bbox\":[150.0,1207.2,688.6,1244.1],\"text\":\"See “Non-GAAP Financial Information” for further information on Special Items.\"}],\"order\":118,\"text\":\"Note: Tables may not sum due to rounding.\\n1\\nSee “Non-GAAP Financial Information” for further information on Special Items.\"},{\"bbox\":[69.2,1244.6,1139.4,1327.8],\"lines\":[{\"bbox\":[69.9,1244.6,1139.4,1302.9],\"text\":\"We recorded net income of $4.1 billion, or $3.69 per diluted share in 2016 versus net income of $3.8 billion, or $3.35 per diluted\"},{\"bbox\":[69.2,1269.6,1044.6,1325.0],\"text\":\"share in 2015. Net income and diluted earnings per share increased 7% and 10%, respectively, in 2016 versus 2015.\"}],\"order\":119,\"text\":\"We recorded net income of $4.1 billion, or $3.69 per diluted share in 2016 versus net income of $3.8 billion, or $3.35 per diluted\\nshare in 2015. Net income and diluted earnings per share increased 7% and 10%, respectively, in 2016 versus 2015.\"},{\"bbox\":[584.9,1546.6,606.8,1572.8],\"lines\":[{\"bbox\":[584.9,1546.6,606.8,1572.8],\"text\":\"35\"}],\"order\":120,\"text\":\"35\"}],\"doc\":\"fintabnet:MA_2016\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"Overview\\n\\nThe following tables provide a summary of our operating results:\\n\\nFor the Years Ended December 31,\\n\\nActual\\n\\n2016\\n\\n2015\\n\\nSpecial\\nItems 1\\n\\nNon-GAAP\\n\\nSpecial\\nItems 1\\n\\n—\\n\\n$10,776\\n\\nActual\\n\\nPercent Increase (Decrease)\\n\\nActual\\n\\nSpecial\\nItems 1\\n\\nNon-\\nGAAP\\n\\n$ 9,667\\n\\n11%\\n\\n—%\\n\\n11%\\n\\nNon-GAAP\\n\\n(in millions, except per share data and percentages)\\n\\nNet revenue. . . . . . . . . . . . . $10,776\\n\\n$\\n\\n$ 9,667\\n\\n$\\n\\n—\\n\\nOperating expenses . . . . . . $ 5,015 $ (117)\\nOperating income . . . . . . . . $ 5,761 $ 117\\nOperating margin . . . . . . . .\\n53.5%\\n\\n$ 4,898 $ 4,589 $ (140)\\n$ 5,878 $ 5,078 $ 140\\n54.5%\\n52.5%\\n\\n$ 4,449\\n$ 5,218\\n54.0%\\n\\n9%\\n13%\\n\\n(1)%\\n1%\\n\\n10%\\n13%\\n\\nIncome tax expense . . . . . . $ 1,587 $\\nEffective income tax rate . .\\n28.1%\\n\\n32\\n\\n$ 1,619 $ 1,150 $\\n28.1%\\n23.2%\\n\\n45\\n\\n$ 1,195\\n23.4%\\n\\n38%\\n\\n3%\\n\\n35%\\n\\nNet income . . . . . . . . . . . . . $ 4,059\\n\\n$\\n\\n85\\n\\n$ 4,144\\n\\n$ 3,808\\n\\n$\\n\\n95\\n\\n$ 3,903\\n\\n7%\\n\\n—%\\n\\n6%\\n\\nDiluted earnings per share . $ 3.69\\nDiluted weighted-average\\n1,101\\nshares outstanding . . . . .\\n\\n$\\n\\n0.08\\n\\n$\\n\\n$\\n\\n$\\n\\n0.08\\n\\n$\\n\\n3.43\\n\\n10%\\n\\n—%\\n\\n10%\\n\\n1,137\\n\\n(3)%\\n\\n2014\\n\\nPercent Increase (Decrease)\\n\\nActual\\n\\nActual\\n\\n3.77\\n\\n1,101\\n\\n3.35\\n\\n1,137\\n\\n(3)%\\n\\nFor the Years Ended December 31,\\n\\n2015\\n\\nSpecial\\nItems 1\\n\\nActual\\n\\nNon-GAAP\\n\\nSpecial\\nItems 1\\n\\nNon-\\nGAAP\\n\\n(in millions, except per share data and percentages)\\n\\nNet revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,667\\n\\n—\\n\\n$ 9,667\\n\\n$ 9,441\\n\\n2%\\n\\n—%\\n\\n2%\\n\\nOperating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,589 $ (140)\\nOperating income. . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,078 $ 140\\nOperating margin . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n52.5%\\n\\n$ 4,449 $ 4,335\\n$ 5,218 $ 5,106\\n54.0%\\n54.1%\\n\\n6%\\n(1)%\\n\\n3%\\n(3)%\\n\\n3%\\n2%\\n\\nIncome tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,150 $\\nEffective income tax rate. . . . . . . . . . . . . . . . . . . . . .\\n23.2%\\n\\n45\\n\\n$ 1,195 $ 1,462\\n(21)%\\n23.4%\\n28.8%\\n\\n(3)%\\n\\n(18)%\\n\\nNet income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,808\\n\\n$\\n\\n95\\n\\n$ 3,903\\n\\n$ 3,617\\n\\n5%\\n\\n(3)%\\n\\n8%\\n\\nDiluted earnings per share . . . . . . . . . . . . . . . . . . . . $ 3.35\\nDiluted weighted-average shares outstanding. . . . .\\n1,137\\n\\n$\\n\\n0.08\\n\\n$\\n\\n$\\n\\n8%\\n(3)%\\n\\n(3)%\\n\\n11%\\n(3)%\\n\\n3.43\\n1,137\\n\\n3.10\\n1,169\\n\\nNote: Tables may not sum due to rounding.\\n1\\nSee “Non-GAAP Financial Information” for further information on Special Items.\\n\\nWe recorded net income of $4.1 billion, or $3.69 per diluted share in 2016 versus net income of $3.8 billion, or $3.35 per diluted\\nshare in 2015. Net income and diluted earnings per share increased 7% and 10%, respectively, in 2016 versus 2015.\\n\\n35\",\"name\":\"fintabnet.MA_2016_page_37__150dpi_medium\",\"page_id\":\"fintabnet.MA_2016_page_37\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.759,\"source\":\"fintabnet\",\"source_id\":\"MA_2016_page_37\",\"stack\":[{\"deg\":-1.759,\"op\":\"skew\"},{\"amp\":0.115,\"angle\":26.0,\"blob\":0.757,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.708},{\"op\":\"noise\",\"sigma\":7.902},{\"bias\":0.117,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":29}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[95.5,146.4,1154.4,671.8],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,70,71,72,73,74],\"cells\":null},{\"bbox\":[79.7,688.0,1141.9,1188.5],\"block_orders\":[66,67,68,69,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117],\"cells\":null}],\"text\":\"Overview\\n\\nThe following tables provide a summary of our operating results:\\n\\nFor the Years Ended December 31,\\n\\nActual\\n\\n2016\\n\\n2015\\n\\nSpecial\\nItems 1\\n\\nNon-GAAP\\n\\nSpecial\\nItems 1\\n\\n—\\n\\n$10,776\\n\\nActual\\n\\nPercent Increase (Decrease)\\n\\nActual\\n\\nSpecial\\nItems 1\\n\\nNon-\\nGAAP\\n\\n$ 9,667\\n\\n11%\\n\\n—%\\n\\n11%\\n\\nNon-GAAP\\n\\n(in millions, except per share data and percentages)\\n\\nNet revenue. . . . . . . . . . . . . $10,776\\n\\n$\\n\\n$ 9,667\\n\\n$\\n\\n—\\n\\nOperating expenses . . . . . . $ 5,015 $ (117)\\nOperating income . . . . . . . . $ 5,761 $ 117\\nOperating margin . . . . . . . .\\n53.5%\\n\\n$ 4,898 $ 4,589 $ (140)\\n$ 5,878 $ 5,078 $ 140\\n54.5%\\n52.5%\\n\\n$ 4,449\\n$ 5,218\\n54.0%\\n\\n9%\\n13%\\n\\n(1)%\\n1%\\n\\n10%\\n13%\\n\\nIncome tax expense . . . . . . $ 1,587 $\\nEffective income tax rate . .\\n28.1%\\n\\n32\\n\\n$ 1,619 $ 1,150 $\\n28.1%\\n23.2%\\n\\n45\\n\\n$ 1,195\\n23.4%\\n\\n38%\\n\\n3%\\n\\n35%\\n\\nNet income . . . . . . . . . . . . . $ 4,059\\n\\n$\\n\\n85\\n\\n$ 4,144\\n\\n$ 3,808\\n\\n$\\n\\n95\\n\\n$ 3,903\\n\\n7%\\n\\n—%\\n\\n6%\\n\\nDiluted earnings per share . $ 3.69\\nDiluted weighted-average\\n1,101\\nshares outstanding . . . . .\\n\\n$\\n\\n0.08\\n\\n$\\n\\n$\\n\\n$\\n\\n0.08\\n\\n$\\n\\n3.43\\n\\n10%\\n\\n—%\\n\\n10%\\n\\n1,137\\n\\n(3)%\\n\\n2014\\n\\nPercent Increase (Decrease)\\n\\nActual\\n\\nActual\\n\\n3.77\\n\\n1,101\\n\\n3.35\\n\\n1,137\\n\\n(3)%\\n\\nFor the Years Ended December 31,\\n\\n2015\\n\\nSpecial\\nItems 1\\n\\nActual\\n\\nNon-GAAP\\n\\nSpecial\\nItems 1\\n\\nNon-\\nGAAP\\n\\n(in millions, except per share data and percentages)\\n\\nNet revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 9,667\\n\\n—\\n\\n$ 9,667\\n\\n$ 9,441\\n\\n2%\\n\\n—%\\n\\n2%\\n\\nOperating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . $ 4,589 $ (140)\\nOperating income. . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,078 $ 140\\nOperating margin . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n52.5%\\n\\n$ 4,449 $ 4,335\\n$ 5,218 $ 5,106\\n54.0%\\n54.1%\\n\\n6%\\n(1)%\\n\\n3%\\n(3)%\\n\\n3%\\n2%\\n\\nIncome tax expense . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,150 $\\nEffective income tax rate. . . . . . . . . . . . . . . . . . . . . .\\n23.2%\\n\\n45\\n\\n$ 1,195 $ 1,462\\n(21)%\\n23.4%\\n28.8%\\n\\n(3)%\\n\\n(18)%\\n\\nNet income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 3,808\\n\\n$\\n\\n95\\n\\n$ 3,903\\n\\n$ 3,617\\n\\n5%\\n\\n(3)%\\n\\n8%\\n\\nDiluted earnings per share . . . . . . . . . . . . . . . . . . . . $ 3.35\\nDiluted weighted-average shares outstanding. . . . .\\n1,137\\n\\n$\\n\\n0.08\\n\\n$\\n\\n$\\n\\n8%\\n(3)%\\n\\n(3)%\\n\\n11%\\n(3)%\\n\\n3.43\\n1,137\\n\\n3.10\\n1,169\\n\\nNote: Tables may not sum due to rounding.\\n1\\nSee “Non-GAAP Financial Information” for further information on Special Items.\\n\\nWe recorded net income of $4.1 billion, or $3.69 per diluted share in 2016 versus net income of $3.8 billion, or $3.35 per diluted\\nshare in 2015. Net income and diluted earnings per share increased 7% and 10%, respectively, in 2016 versus 2015.\\n\\n35\"},\"name\":\"fintabnet.MA_2016_page_37__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":30286,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:MA_2016\",\"dpi\":150,\"gt_sha256\":\"a597515f671c96f6a87f0a963c2ac2cc386bd1d7a49e3891ba6d5ffcc9864b7a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MA_2016_page_37__150dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.MA_2016_page_37\",\"pdf_sha256\":\"9cfe01ca05f255f040c4f2553bf23277d5e5b4015bd19638d1c57e2471b1f3de\",\"px\":[1238,1613],\"scan\":{\"render\":\"20003fc00ffe7dfe75d07f80700201fe61fe61fc71767d1a7ffc000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"MA_2016_page_37\",\"src\":{\"file_sha256\":\"6c70bf2a3adaf0403920f32b55836df2ab2aeecc6f5e051207f9bc316866e875\",\"render\":\"000063000ffe7ffc75902580300001fe21f8717821303d107ffc000000000000\",\"text\":\"4375c3cd3969dac0f947ed788372134b33567295586392b968c4975c4436e577\"},\"stack\":[{\"deg\":-1.759,\"op\":\"skew\"},{\"amp\":0.115,\"angle\":26.0,\"blob\":0.757,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.708},{\"op\":\"noise\",\"sigma\":7.902},{\"bias\":0.117,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":29}],\"tools\":\"21647cade0ee\"},\"sha256\":\"9cfe01ca05f255f040c4f2553bf23277d5e5b4015bd19638d1c57e2471b1f3de\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/9cfe01ca05f255f040c4f2553bf23277d5e5b4015bd19638d1c57e2471b1f3de.pdf","asset_sha256":"9cfe01ca05f255f040c4f2553bf23277d5e5b4015bd19638d1c57e2471b1f3de","document_id":"fintabnet:MA_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MA_2016_page_37\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MA_2016_page_42\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:MA_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[78.4,61.6,1147.1,199.8],\"lines\":[{\"bbox\":[78.4,61.6,1145.6,97.3],\"text\":\"In 2016, our GDV was impacted by new EU Interchange Fee Regulation related to card payments. The regulation was effective\"},{\"bbox\":[78.6,86.6,1145.8,122.3],\"text\":\"in June 2016 and required that we no longer collect fees on domestic European Economic Area payment transactions that do\"},{\"bbox\":[78.9,111.6,1146.0,147.3],\"text\":\"not use our network brand. Prior to that, Mastercard collected a de minimis assessment fee in a few countries, particularly\"},{\"bbox\":[79.1,136.6,1146.9,172.3],\"text\":\"France, on transactions with Mastercard co-badged cards if the brands of domestic networks (as opposed to Mastercard) were\"},{\"bbox\":[79.4,167.4,799.3,199.8],\"text\":\"used. As a result, the non-Mastercard co-badged volume is no longer being included.\"}],\"order\":0,\"text\":\"In 2016, our GDV was impacted by new EU Interchange Fee Regulation related to card payments. The regulation was effective\\nin June 2016 and required that we no longer collect fees on domestic European Economic Area payment transactions that do\\nnot use our network brand. Prior to that, Mastercard collected a de minimis assessment fee in a few countries, particularly\\nFrance, on transactions with Mastercard co-badged cards if the brands of domestic networks (as opposed to Mastercard) were\\nused. As a result, the non-Mastercard co-badged volume is no longer being included.\"},{\"bbox\":[79.8,209.9,1147.6,295.7],\"lines\":[{\"bbox\":[79.8,209.9,1147.1,245.7],\"text\":\"The following table reflects GDV growth rates for Europe and Worldwide Mastercard. For comparability purposes, we adjusted\"},{\"bbox\":[80.0,234.9,1147.3,270.7],\"text\":\"growth rates for the impact of Article 8 of the EU Interchange Fee Regulation related to card payments, to exclude the prior\"},{\"bbox\":[80.3,265.7,552.3,295.7],\"text\":\"period co-badged volume processed by other networks.\"}],\"order\":1,\"text\":\"The following table reflects GDV growth rates for Europe and Worldwide Mastercard. For comparability purposes, we adjusted\\ngrowth rates for the impact of Article 8 of the EU Interchange Fee Regulation related to card payments, to exclude the prior\\nperiod co-badged volume processed by other networks.\"},{\"bbox\":[888.1,324.6,1126.2,347.3],\"lines\":[{\"bbox\":[888.1,324.6,1126.2,347.3],\"text\":\"For the Years Ended December 31,\"}],\"order\":2,\"text\":\"For the Years Ended December 31,\"},{\"bbox\":[917.6,357.5,951.7,378.3],\"lines\":[{\"bbox\":[917.6,357.5,951.7,378.3],\"text\":\"2016\"}],\"order\":3,\"text\":\"2016\"},{\"bbox\":[1061.5,356.1,1095.5,376.9],\"lines\":[{\"bbox\":[1061.5,356.1,1095.5,376.9],\"text\":\"2015\"}],\"order\":4,\"text\":\"2015\"},{\"bbox\":[955.9,387.7,1058.3,409.2],\"lines\":[{\"bbox\":[955.9,387.7,1058.3,409.2],\"text\":\"Growth (Local)\"}],\"order\":5,\"text\":\"Growth (Local)\"},{\"bbox\":[85.9,412.9,861.3,511.3],\"lines\":[{\"bbox\":[85.9,419.8,135.3,448.8],\"text\":\"GDV 1\"},{\"bbox\":[86.2,447.1,861.0,480.1],\"text\":\"Worldwide as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[86.5,478.4,860.9,511.3],\"text\":\"Worldwide as adjusted for EU Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"GDV 1\\nWorldwide as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWorldwide as adjusted for EU Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[916.9,446.3,953.4,503.3],\"lines\":[{\"bbox\":[922.6,446.3,948.3,472.0],\"text\":\"9%\"},{\"bbox\":[917.2,477.5,953.4,503.3],\"text\":\"11%\"}],\"order\":7,\"text\":\"9%\\n11%\"},{\"bbox\":[1061.2,444.9,1097.8,502.0],\"lines\":[{\"bbox\":[1061.2,444.9,1097.5,470.7],\"text\":\"13%\"},{\"bbox\":[1061.6,476.1,1097.8,502.0],\"text\":\"13%\"}],\"order\":8,\"text\":\"13%\\n13%\"},{\"bbox\":[87.1,540.9,862.2,605.1],\"lines\":[{\"bbox\":[87.1,540.9,861.9,573.8],\"text\":\"Europe as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[87.4,572.2,861.8,605.1],\"text\":\"Europe as adjusted for EU Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"Europe as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEurope as adjusted for EU Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[918.3,540.0,954.9,597.1],\"lines\":[{\"bbox\":[918.3,540.0,954.6,565.9],\"text\":\"10%\"},{\"bbox\":[918.7,571.3,954.9,597.1],\"text\":\"18%\"}],\"order\":10,\"text\":\"10%\\n18%\"},{\"bbox\":[1062.1,538.6,1098.8,595.7],\"lines\":[{\"bbox\":[1062.1,538.6,1098.4,564.5],\"text\":\"16%\"},{\"bbox\":[1062.5,569.9,1098.8,595.7],\"text\":\"19%\"}],\"order\":11,\"text\":\"16%\\n19%\"},{\"bbox\":[149.4,628.7,155.0,642.0],\"lines\":[{\"bbox\":[149.4,628.7,155.0,642.0],\"text\":\"1\"}],\"order\":12,\"text\":\"1\"},{\"bbox\":[158.7,627.4,540.7,651.4],\"lines\":[{\"bbox\":[158.7,627.4,540.7,651.4],\"text\":\"Excludes volume generated by Maestro and Cirrus cards.\"}],\"order\":13,\"text\":\"Excludes volume generated by Maestro and Cirrus cards.\"},{\"bbox\":[84.2,663.4,1152.5,799.1],\"lines\":[{\"bbox\":[84.2,663.4,1151.5,699.1],\"text\":\"A significant portion of our revenue is concentrated among our five largest customers. In 2016, the net revenue from these\"},{\"bbox\":[84.4,688.4,1151.7,724.1],\"text\":\"customers was approximately $2.5 billion, or 23%, of total net revenue. The loss of any of these customers or their significant\"},{\"bbox\":[84.6,713.4,1152.0,749.1],\"text\":\"card programs could adversely impact our revenue. In addition, as part of our business strategy, Mastercard, among other efforts,\"},{\"bbox\":[84.9,738.4,1152.0,774.1],\"text\":\"enters into business agreements with customers. These agreements can be terminated in a variety of circumstances. See our\"},{\"bbox\":[85.1,767.0,774.7,799.1],\"text\":\"risk factor in “Risk Factor - Business Risks” in Part I, Item 1A for further discussion.\"}],\"order\":14,\"text\":\"A significant portion of our revenue is concentrated among our five largest customers. In 2016, the net revenue from these\\ncustomers was approximately $2.5 billion, or 23%, of total net revenue. The loss of any of these customers or their significant\\ncard programs could adversely impact our revenue. In addition, as part of our business strategy, Mastercard, among other efforts,\\nenters into business agreements with customers. These agreements can be terminated in a variety of circumstances. See our\\nrisk factor in “Risk Factor - Business Risks” in Part I, Item 1A for further discussion.\"},{\"bbox\":[85.5,812.3,621.3,842.9],\"lines\":[{\"bbox\":[85.5,812.3,621.3,842.9],\"text\":\"The significant components of our net revenue were as follows:\"}],\"order\":15,\"text\":\"The significant components of our net revenue were as follows:\"},{\"bbox\":[543.0,856.4,781.2,879.1],\"lines\":[{\"bbox\":[543.0,856.4,781.2,879.1],\"text\":\"For the Years Ended December 31,\"}],\"order\":16,\"text\":\"For the Years Ended December 31,\"},{\"bbox\":[502.7,887.9,536.8,908.7],\"lines\":[{\"bbox\":[502.7,887.9,536.8,908.7],\"text\":\"2016\"}],\"order\":17,\"text\":\"2016\"},{\"bbox\":[644.5,886.6,678.5,907.3],\"lines\":[{\"bbox\":[644.5,886.6,678.5,907.3],\"text\":\"2015\"}],\"order\":18,\"text\":\"2015\"},{\"bbox\":[919.6,853.2,1112.3,875.5],\"lines\":[{\"bbox\":[919.6,853.2,1112.3,875.5],\"text\":\"Percent Increase (Decrease)\"}],\"order\":19,\"text\":\"Percent Increase (Decrease)\"},{\"bbox\":[786.2,885.2,820.2,906.0],\"lines\":[{\"bbox\":[786.2,885.2,820.2,906.0],\"text\":\"2014\"}],\"order\":20,\"text\":\"2014\"},{\"bbox\":[927.9,883.8,962.0,904.6],\"lines\":[{\"bbox\":[927.9,883.8,962.0,904.6],\"text\":\"2016\"}],\"order\":21,\"text\":\"2016\"},{\"bbox\":[1069.7,882.5,1103.7,903.3],\"lines\":[{\"bbox\":[1069.7,882.5,1103.7,903.3],\"text\":\"2015\"}],\"order\":22,\"text\":\"2015\"},{\"bbox\":[927.1,935.1,965.1,1110.9],\"lines\":[{\"bbox\":[932.4,935.1,958.1,960.9],\"text\":\"8%\"},{\"bbox\":[927.5,960.1,963.7,985.9],\"text\":\"11%\"},{\"bbox\":[927.7,985.1,964.0,1010.9],\"text\":\"18%\"},{\"bbox\":[927.9,1010.1,964.2,1035.9],\"text\":\"22%\"},{\"bbox\":[928.1,1035.1,964.3,1060.9],\"text\":\"14%\"},{\"bbox\":[928.6,1060.1,964.9,1085.9],\"text\":\"20%\"},{\"bbox\":[928.5,1085.1,964.8,1110.9],\"text\":\"11%\"}],\"order\":23,\"text\":\"8%\\n11%\\n18%\\n22%\\n14%\\n20%\\n11%\"},{\"bbox\":[1068.9,933.7,1106.8,1109.6],\"lines\":[{\"bbox\":[1074.1,933.8,1099.8,959.5],\"text\":\"3%\"},{\"bbox\":[1074.4,958.8,1100.1,984.5],\"text\":\"6%\"},{\"bbox\":[1074.6,983.8,1100.3,1009.5],\"text\":\"8%\"},{\"bbox\":[1069.6,1008.7,1105.9,1034.6],\"text\":\"18%\"},{\"bbox\":[1075.0,1033.8,1100.7,1059.5],\"text\":\"7%\"},{\"bbox\":[1070.3,1058.7,1106.6,1084.6],\"text\":\"20%\"},{\"bbox\":[1075.5,1083.8,1101.2,1109.5],\"text\":\"2%\"}],\"order\":24,\"text\":\"3%\\n6%\\n8%\\n18%\\n7%\\n20%\\n2%\"},{\"bbox\":[691.9,911.4,916.4,934.0],\"lines\":[{\"bbox\":[691.9,911.4,916.4,934.0],\"text\":\"(in millions, except percentages)\"}],\"order\":25,\"text\":\"(in millions, except percentages)\"},{\"bbox\":[93.0,939.8,471.9,1119.0],\"lines\":[{\"bbox\":[93.0,939.8,470.5,968.9],\"text\":\"Domestic assessments . . . . . . . . . . . . . . . . $\"},{\"bbox\":[93.2,965.0,447.4,993.9],\"text\":\"Cross-border volume. . . . . . . . . . . . . . . . . .\"},{\"bbox\":[93.5,990.0,447.6,1018.9],\"text\":\"Transaction processing . . . . . . . . . . . . . . . .\"},{\"bbox\":[93.7,1015.1,447.8,1043.9],\"text\":\"Other revenues . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[94.0,1040.1,448.1,1068.9],\"text\":\"Gross revenue . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[94.2,1065.1,448.9,1093.9],\"text\":\"Rebates and incentives (contra-revenue) .\"},{\"bbox\":[94.4,1089.8,471.9,1119.0],\"text\":\"Net revenue . . . . . . . . . . . . . . . . . . . . . . . . . $\"}],\"order\":26,\"text\":\"Domestic assessments . . . . . . . . . . . . . . . . $\\nCross-border volume. . . . . . . . . . . . . . . . . .\\nTransaction processing . . . . . . . . . . . . . . . .\\nOther revenues . . . . . . . . . . . . . . . . . . . . . .\\nGross revenue . . . . . . . . . . . . . . . . . . . . . . .\\nRebates and incentives (contra-revenue) .\\nNet revenue . . . . . . . . . . . . . . . . . . . . . . . . . $\"},{\"bbox\":[522.3,938.4,613.6,1114.8],\"lines\":[{\"bbox\":[532.9,938.4,612.2,964.7],\"text\":\"4,411 $\"},{\"bbox\":[533.2,963.8,580.9,989.7],\"text\":\"3,568\"},{\"bbox\":[533.4,988.8,581.1,1014.7],\"text\":\"5,143\"},{\"bbox\":[533.6,1013.8,581.4,1039.7],\"text\":\"2,431\"},{\"bbox\":[523.3,1038.8,581.6,1064.8],\"text\":\"15,553\"},{\"bbox\":[528.1,1063.7,588.5,1089.8],\"text\":\"(4,777)\"},{\"bbox\":[523.8,1088.5,613.6,1114.8],\"text\":\"10,776 $\"}],\"order\":27,\"text\":\"4,411 $\\n3,568\\n5,143\\n2,431\\n15,553\\n(4,777)\\n10,776 $\"},{\"bbox\":[615.5,1547.2,636.9,1572.9],\"lines\":[{\"bbox\":[615.5,1547.2,636.9,1572.9],\"text\":\"40\"}],\"order\":28,\"text\":\"40\"},{\"bbox\":[664.0,937.1,755.3,1113.5],\"lines\":[{\"bbox\":[674.6,937.1,753.9,963.3],\"text\":\"4,086 $\"},{\"bbox\":[674.9,962.4,722.6,988.3],\"text\":\"3,225\"},{\"bbox\":[675.1,987.4,722.8,1013.3],\"text\":\"4,345\"},{\"bbox\":[675.4,1012.4,723.1,1038.4],\"text\":\"1,991\"},{\"bbox\":[665.0,1037.4,723.3,1063.5],\"text\":\"13,647\"},{\"bbox\":[669.8,1062.4,730.1,1088.4],\"text\":\"(3,980)\"},{\"bbox\":[676.0,1087.1,755.2,1113.4],\"text\":\"9,667 $\"}],\"order\":29,\"text\":\"4,086 $\\n3,225\\n4,345\\n1,991\\n13,647\\n(3,980)\\n9,667 $\"},{\"bbox\":[805.7,936.0,872.0,1112.1],\"lines\":[{\"bbox\":[816.3,936.0,864.1,962.0],\"text\":\"3,967\"},{\"bbox\":[816.6,961.0,864.3,987.0],\"text\":\"3,054\"},{\"bbox\":[816.8,986.0,864.5,1012.0],\"text\":\"4,035\"},{\"bbox\":[817.1,1011.1,864.8,1037.0],\"text\":\"1,688\"},{\"bbox\":[806.7,1036.1,865.0,1062.1],\"text\":\"12,744\"},{\"bbox\":[811.4,1061.0,871.8,1087.1],\"text\":\"(3,303)\"},{\"bbox\":[817.7,1086.1,865.4,1112.0],\"text\":\"9,441\"}],\"order\":30,\"text\":\"3,967\\n3,054\\n4,035\\n1,688\\n12,744\\n(3,303)\\n9,441\"}],\"doc\":\"fintabnet:MA_2016\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"In 2016, our GDV was impacted by new EU Interchange Fee Regulation related to card payments. The regulation was effective\\nin June 2016 and required that we no longer collect fees on domestic European Economic Area payment transactions that do\\nnot use our network brand. Prior to that, Mastercard collected a de minimis assessment fee in a few countries, particularly\\nFrance, on transactions with Mastercard co-badged cards if the brands of domestic networks (as opposed to Mastercard) were\\nused. As a result, the non-Mastercard co-badged volume is no longer being included.\\n\\nThe following table reflects GDV growth rates for Europe and Worldwide Mastercard. For comparability purposes, we adjusted\\ngrowth rates for the impact of Article 8 of the EU Interchange Fee Regulation related to card payments, to exclude the prior\\nperiod co-badged volume processed by other networks.\\n\\nFor the Years Ended December 31,\\n\\n2016\\n\\n2015\\n\\nGrowth (Local)\\n\\nGDV 1\\nWorldwide as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWorldwide as adjusted for EU Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n9%\\n11%\\n\\n13%\\n13%\\n\\nEurope as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEurope as adjusted for EU Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n10%\\n18%\\n\\n16%\\n19%\\n\\n1\\n\\nExcludes volume generated by Maestro and Cirrus cards.\\n\\nA significant portion of our revenue is concentrated among our five largest customers. In 2016, the net revenue from these\\ncustomers was approximately $2.5 billion, or 23%, of total net revenue. The loss of any of these customers or their significant\\ncard programs could adversely impact our revenue. In addition, as part of our business strategy, Mastercard, among other efforts,\\nenters into business agreements with customers. These agreements can be terminated in a variety of circumstances. See our\\nrisk factor in “Risk Factor - Business Risks” in Part I, Item 1A for further discussion.\\n\\nThe significant components of our net revenue were as follows:\\n\\nFor the Years Ended December 31,\\n\\n2016\\n\\n2015\\n\\nPercent Increase (Decrease)\\n\\n2014\\n\\n2016\\n\\n2015\\n\\n8%\\n11%\\n18%\\n22%\\n14%\\n20%\\n11%\\n\\n3%\\n6%\\n8%\\n18%\\n7%\\n20%\\n2%\\n\\n(in millions, except percentages)\\n\\nDomestic assessments . . . . . . . . . . . . . . . . $\\nCross-border volume. . . . . . . . . . . . . . . . . .\\nTransaction processing . . . . . . . . . . . . . . . .\\nOther revenues . . . . . . . . . . . . . . . . . . . . . .\\nGross revenue . . . . . . . . . . . . . . . . . . . . . . .\\nRebates and incentives (contra-revenue) .\\nNet revenue . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\n4,411 $\\n3,568\\n5,143\\n2,431\\n15,553\\n(4,777)\\n10,776 $\\n\\n40\\n\\n4,086 $\\n3,225\\n4,345\\n1,991\\n13,647\\n(3,980)\\n9,667 $\\n\\n3,967\\n3,054\\n4,035\\n1,688\\n12,744\\n(3,303)\\n9,441\",\"name\":\"fintabnet.MA_2016_page_42__150dpi_mild\",\"page_id\":\"fintabnet.MA_2016_page_42\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.55,\"source\":\"fintabnet\",\"source_id\":\"MA_2016_page_42\",\"stack\":[{\"deg\":0.55,\"op\":\"skew\"},{\"amp\":0.066,\"angle\":224.3,\"blob\":0.291,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.444},{\"gain\":0.949,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":86}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[92.2,853.2,1114.6,1119.0],\"block_orders\":[16,17,18,19,20,21,22,23,24,25,26,27,29,30],\"cells\":null}],\"text\":\"In 2016, our GDV was impacted by new EU Interchange Fee Regulation related to card payments. The regulation was effective\\nin June 2016 and required that we no longer collect fees on domestic European Economic Area payment transactions that do\\nnot use our network brand. Prior to that, Mastercard collected a de minimis assessment fee in a few countries, particularly\\nFrance, on transactions with Mastercard co-badged cards if the brands of domestic networks (as opposed to Mastercard) were\\nused. As a result, the non-Mastercard co-badged volume is no longer being included.\\n\\nThe following table reflects GDV growth rates for Europe and Worldwide Mastercard. For comparability purposes, we adjusted\\ngrowth rates for the impact of Article 8 of the EU Interchange Fee Regulation related to card payments, to exclude the prior\\nperiod co-badged volume processed by other networks.\\n\\nFor the Years Ended December 31,\\n\\n2016\\n\\n2015\\n\\nGrowth (Local)\\n\\nGDV 1\\nWorldwide as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWorldwide as adjusted for EU Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n9%\\n11%\\n\\n13%\\n13%\\n\\nEurope as reported . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEurope as adjusted for EU Regulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n10%\\n18%\\n\\n16%\\n19%\\n\\n1\\n\\nExcludes volume generated by Maestro and Cirrus cards.\\n\\nA significant portion of our revenue is concentrated among our five largest customers. In 2016, the net revenue from these\\ncustomers was approximately $2.5 billion, or 23%, of total net revenue. The loss of any of these customers or their significant\\ncard programs could adversely impact our revenue. In addition, as part of our business strategy, Mastercard, among other efforts,\\nenters into business agreements with customers. These agreements can be terminated in a variety of circumstances. See our\\nrisk factor in “Risk Factor - Business Risks” in Part I, Item 1A for further discussion.\\n\\nThe significant components of our net revenue were as follows:\\n\\nFor the Years Ended December 31,\\n\\n2016\\n\\n2015\\n\\nPercent Increase (Decrease)\\n\\n2014\\n\\n2016\\n\\n2015\\n\\n8%\\n11%\\n18%\\n22%\\n14%\\n20%\\n11%\\n\\n3%\\n6%\\n8%\\n18%\\n7%\\n20%\\n2%\\n\\n(in millions, except percentages)\\n\\nDomestic assessments . . . . . . . . . . . . . . . . $\\nCross-border volume. . . . . . . . . . . . . . . . . .\\nTransaction processing . . . . . . . . . . . . . . . .\\nOther revenues . . . . . . . . . . . . . . . . . . . . . .\\nGross revenue . . . . . . . . . . . . . . . . . . . . . . .\\nRebates and incentives (contra-revenue) .\\nNet revenue . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\n4,411 $\\n3,568\\n5,143\\n2,431\\n15,553\\n(4,777)\\n10,776 $\\n\\n40\\n\\n4,086 $\\n3,225\\n4,345\\n1,991\\n13,647\\n(3,980)\\n9,667 $\\n\\n3,967\\n3,054\\n4,035\\n1,688\\n12,744\\n(3,303)\\n9,441\"},\"name\":\"fintabnet.MA_2016_page_42__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":232309,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:MA_2016\",\"dpi\":150,\"gt_sha256\":\"975b506aa9e12e1769a6b378dca7a824520cfda4bc969853d3d0fb24056a239a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MA_2016_page_42__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.MA_2016_page_42\",\"pdf_sha256\":\"02b3a8300efd184d4b982da7eddc28c0cc495922ca3421900afe9410c443eb8f\",\"px\":[1238,1613],\"scan\":{\"render\":\"7ffe7ffe7ffe001e780078007f7e7ffe03ee717a73fa00000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"MA_2016_page_42\",\"src\":{\"file_sha256\":\"2b5f138ad2fda4a01c775477ea2513fae7487ee386d69316c21fa338691d08f0\",\"render\":\"00007ffe7ffc001c001c7c043e007ffe03fc73fc7bf400000000000000000000\",\"text\":\"d786faa70e04e4e14555d545160a13a5adc4e5c2dbe7b1450dd57e8e3fc79c5e\"},\"stack\":[{\"deg\":0.55,\"op\":\"skew\"},{\"amp\":0.066,\"angle\":224.3,\"blob\":0.291,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.444},{\"gain\":0.949,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":86}],\"tools\":\"21647cade0ee\"},\"sha256\":\"02b3a8300efd184d4b982da7eddc28c0cc495922ca3421900afe9410c443eb8f\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/02b3a8300efd184d4b982da7eddc28c0cc495922ca3421900afe9410c443eb8f.pdf","asset_sha256":"02b3a8300efd184d4b982da7eddc28c0cc495922ca3421900afe9410c443eb8f","document_id":"fintabnet:MA_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MA_2016_page_42\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MHK_2012_page_23\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:MHK_2012\",\"ground_truth\":{\"blocks\":[{\"bbox\":[67.3,43.6,420.8,154.1],\"lines\":[{\"bbox\":[81.0,43.8,403.5,62.2],\"text\":\"The Company’s properties are in good condition and adequate\"},{\"bbox\":[68.3,58.9,410.5,77.6],\"text\":\"for its requirements. The Company believes its principal plants are\"},{\"bbox\":[68.1,74.2,396.0,92.7],\"text\":\"generally adequate to meet its production plans pursuant to the\"},{\"bbox\":[67.9,89.4,420.2,108.2],\"text\":\"Company’s long-term sales goals. In the ordinary course of business,\"},{\"bbox\":[67.7,104.7,402.6,123.3],\"text\":\"the Company monitors the condition of its facilities to ensure that\"},{\"bbox\":[67.5,120.0,358.1,138.0],\"text\":\"they remain adequate to meet long-term sales goals and\"},{\"bbox\":[67.3,135.3,158.5,150.9],\"text\":\"production plans.\"}],\"order\":0,\"text\":\"The Company’s properties are in good condition and adequate\\nfor its requirements. The Company believes its principal plants are\\ngenerally adequate to meet its production plans pursuant to the\\nCompany’s long-term sales goals. In the ordinary course of business,\\nthe Company monitors the condition of its facilities to ensure that\\nthey remain adequate to meet long-term sales goals and\\nproduction plans.\"},{\"bbox\":[67.0,165.5,240.3,182.6],\"lines\":[{\"bbox\":[67.0,165.5,240.3,182.6],\"text\":\"Item 3. Legal Proceedings\"}],\"order\":1,\"text\":\"Item 3. Legal Proceedings\"},{\"bbox\":[58.8,185.3,420.0,860.8],\"lines\":[{\"bbox\":[66.7,185.3,378.7,203.6],\"text\":\"The Company is involved in litigation from time to time in the\"},{\"bbox\":[66.5,200.5,408.1,219.2],\"text\":\"­regular course of its business. Except as noted below, there are no\"},{\"bbox\":[66.4,215.8,399.2,234.4],\"text\":\"material legal proceedings pending or known by the Company to\"},{\"bbox\":[66.2,231.1,404.2,249.7],\"text\":\"be contemplated to which the Company is a party or to which any\"},{\"bbox\":[66.0,246.4,192.3,262.4],\"text\":\"of its property is subject.\"},{\"bbox\":[78.3,261.8,411.9,280.3],\"text\":\"Beginning in August 2010, a series of civil lawsuits were initiated\"},{\"bbox\":[65.6,276.9,404.7,295.5],\"text\":\"in several U.S. federal courts alleging that certain manufacturers ­\"},{\"bbox\":[65.4,292.2,404.4,310.8],\"text\":\"of polyurethane foam products and competitors of the Company’s\"},{\"bbox\":[65.2,307.5,403.0,326.1],\"text\":\"carpet underlay division had engaged in price fixing in violation of\"},{\"bbox\":[65.1,322.7,402.1,341.3],\"text\":\"U.S. antitrust laws. Mohawk has been named as a defendant in a\"},{\"bbox\":[64.9,338.0,409.3,356.7],\"text\":\"number of the individual cases (the first filed on August 26, 2010),\"},{\"bbox\":[64.7,353.3,396.7,371.8],\"text\":\"as well as in two consolidated amended class action complaints,\"},{\"bbox\":[64.5,368.5,411.1,387.3],\"text\":\"the first filed on February 28, 2011, on behalf of a class of all direct\"},{\"bbox\":[64.3,383.8,396.9,402.4],\"text\":\"purchasers of polyurethane foam products, and the second filed\"},{\"bbox\":[64.1,399.1,390.7,417.6],\"text\":\"on March 21, 2011, on behalf of a class of indirect purchasers.\"},{\"bbox\":[63.9,414.4,392.3,432.9],\"text\":\"All pending cases in which the Company has been named as a\"},{\"bbox\":[63.8,429.6,413.5,448.4],\"text\":\"­defendant have been filed in or transferred to the U.S. District Court\"},{\"bbox\":[63.6,444.9,416.8,463.7],\"text\":\"for the Northern District of Ohio for consolidated pre-trial proceedings\"},{\"bbox\":[63.4,460.2,378.6,478.5],\"text\":\"under the name In re: Polyurethane Foam Antitrust Litigation,\"},{\"bbox\":[63.2,475.5,207.1,491.7],\"text\":\"Case No. 1:10-MDL-02196.\"},{\"bbox\":[75.5,490.9,393.0,509.3],\"text\":\"In these actions, the plaintiffs, on behalf of themselves and/or\"},{\"bbox\":[65.9,506.0,405.9,524.7],\"text\":\"a class of purchasers, seek three times the amount of unspecified\"},{\"bbox\":[62.6,521.3,411.4,540.0],\"text\":\"damages allegedly suffered as a result of alleged overcharges in the\"},{\"bbox\":[62.5,536.6,380.4,554.9],\"text\":\"price of polyurethane foam products from at least 1999 to the\"},{\"bbox\":[62.3,551.8,401.5,570.5],\"text\":\"­present. Each plaintiff also seeks attorney fees, pre-judgment and\"},{\"bbox\":[62.1,567.1,390.5,585.6],\"text\":\"post-judgment interest, court costs, and injunctive relief against\"},{\"bbox\":[61.9,582.4,411.0,601.1],\"text\":\"future violations. In December 2011, the Company was named as a\"},{\"bbox\":[61.7,597.7,405.4,616.3],\"text\":\"defendant in a Canadian Class action, Hi ! Neighbor Floor Covering\"},{\"bbox\":[61.5,612.9,403.8,631.6],\"text\":\"Co. Limited v. Hickory Springs Manufacturing Company, et.al., filed\"},{\"bbox\":[61.4,628.2,383.0,646.6],\"text\":\"in the Superior Court of Justice of Ontario, Canada and Options\"},{\"bbox\":[61.2,643.5,403.5,662.1],\"text\":\"Consommateures v. Vitafoam, Inc. et.al., filed in the Superior Court\"},{\"bbox\":[61.0,658.8,412.5,677.5],\"text\":\"of Justice of Quebec, Montreal, Canada, both of which allege similar\"},{\"bbox\":[60.8,674.0,404.5,692.7],\"text\":\"claims against the Company as raised in the U.S. actions and seek\"},{\"bbox\":[60.6,689.3,406.1,708.0],\"text\":\"unspecified damages and punitive damages. The Company denies\"},{\"bbox\":[60.4,704.6,413.3,723.4],\"text\":\"all of the allegations in these actions and will vigorously defend itself.\"},{\"bbox\":[72.7,720.0,403.8,738.5],\"text\":\"The Company believes that adequate provisions for resolution of\"},{\"bbox\":[60.1,735.1,408.5,753.9],\"text\":\"all contingencies, claims and pending litigation have been made for\"},{\"bbox\":[59.9,750.4,409.1,769.1],\"text\":\"probable losses that are reasonably estimable. These contingencies\"},{\"bbox\":[59.7,765.7,367.6,783.9],\"text\":\"are subject to significant uncertainties and we are unable to\"},{\"bbox\":[59.5,780.9,396.3,799.5],\"text\":\"­estimate the amount or range of loss, if any, in excess of amounts\"},{\"bbox\":[59.3,796.2,403.9,814.9],\"text\":\"accrued. The Company does not believe that the ultimate outcome\"},{\"bbox\":[59.1,811.5,395.0,830.1],\"text\":\"of these actions will have a material adverse effect on its financial\"},{\"bbox\":[58.9,826.8,385.0,845.2],\"text\":\"condition but could have a material adverse effect on its results\"},{\"bbox\":[58.8,842.0,377.2,860.4],\"text\":\"of operations, cash flows or liquidity in a given quarter or year.\"}],\"order\":2,\"text\":\"The Company is involved in litigation from time to time in the\\n­regular course of its business. Except as noted below, there are no\\nmaterial legal proceedings pending or known by the Company to\\nbe contemplated to which the Company is a party or to which any\\nof its property is subject.\\nBeginning in August 2010, a series of civil lawsuits were initiated\\nin several U.S. federal courts alleging that certain manufacturers ­\\nof polyurethane foam products and competitors of the Company’s\\ncarpet underlay division had engaged in price fixing in violation of\\nU.S. antitrust laws. Mohawk has been named as a defendant in a\\nnumber of the individual cases (the first filed on August 26, 2010),\\nas well as in two consolidated amended class action complaints,\\nthe first filed on February 28, 2011, on behalf of a class of all direct\\npurchasers of polyurethane foam products, and the second filed\\non March 21, 2011, on behalf of a class of indirect purchasers.\\nAll pending cases in which the Company has been named as a\\n­defendant have been filed in or transferred to the U.S. District Court\\nfor the Northern District of Ohio for consolidated pre-trial proceedings\\nunder the name In re: Polyurethane Foam Antitrust Litigation,\\nCase No. 1:10-MDL-02196.\\nIn these actions, the plaintiffs, on behalf of themselves and/or\\na class of purchasers, seek three times the amount of unspecified\\ndamages allegedly suffered as a result of alleged overcharges in the\\nprice of polyurethane foam products from at least 1999 to the\\n­present. Each plaintiff also seeks attorney fees, pre-judgment and\\npost-judgment interest, court costs, and injunctive relief against\\nfuture violations. In December 2011, the Company was named as a\\ndefendant in a Canadian Class action, Hi ! Neighbor Floor Covering\\nCo. Limited v. Hickory Springs Manufacturing Company, et.al., filed\\nin the Superior Court of Justice of Ontario, Canada and Options\\nConsommateures v. Vitafoam, Inc. et.al., filed in the Superior Court\\nof Justice of Quebec, Montreal, Canada, both of which allege similar\\nclaims against the Company as raised in the U.S. actions and seek\\nunspecified damages and punitive damages. The Company denies\\nall of the allegations in these actions and will vigorously defend itself.\\nThe Company believes that adequate provisions for resolution of\\nall contingencies, claims and pending litigation have been made for\\nprobable losses that are reasonably estimable. These contingencies\\nare subject to significant uncertainties and we are unable to\\n­estimate the amount or range of loss, if any, in excess of amounts\\naccrued. The Company does not believe that the ultimate outcome\\nof these actions will have a material adverse effect on its financial\\ncondition but could have a material adverse effect on its results\\nof operations, cash flows or liquidity in a given quarter or year.\"},{\"bbox\":[459.2,48.0,631.8,68.3],\"lines\":[{\"bbox\":[459.2,48.0,631.8,68.3],\"text\":\"Environmental Matters\"}],\"order\":3,\"text\":\"Environmental Matters\"},{\"bbox\":[456.0,69.0,808.5,332.2],\"lines\":[{\"bbox\":[459.0,69.0,798.8,87.7],\"text\":\"The Company is subject to various federal, state, local and foreign\"},{\"bbox\":[458.8,84.3,788.1,102.8],\"text\":\"environmental health and safety laws and regulations, including\"},{\"bbox\":[458.6,99.6,783.1,118.0],\"text\":\"those governing air emissions, wastewater discharges, the use,\"},{\"bbox\":[458.4,114.8,794.9,133.4],\"text\":\"­storage, treatment, recycling and disposal of solid and hazardous\"},{\"bbox\":[458.3,130.1,797.7,148.7],\"text\":\"materials and finished product, and the cleanup of contamination\"},{\"bbox\":[458.1,145.4,777.7,163.8],\"text\":\"associated therewith. Because of the nature of the Company’s\"},{\"bbox\":[457.9,160.7,787.7,179.2],\"text\":\"­business, the Company has incurred, and will continue to incur,\"},{\"bbox\":[457.7,175.9,790.4,194.5],\"text\":\"costs relating to compliance with such laws and regulations. The\"},{\"bbox\":[457.5,191.2,807.1,210.0],\"text\":\"Company is involved in various proceedings relating to environmen-\"},{\"bbox\":[457.3,206.5,804.0,225.2],\"text\":\"tal matters and is currently engaged in environmental investigation,\"},{\"bbox\":[457.2,221.8,768.5,240.0],\"text\":\"remediation and post-closure care programs at certain sites.\"},{\"bbox\":[457.0,237.0,793.4,255.6],\"text\":\"The Company has provided accruals for such activities that it has\"},{\"bbox\":[456.8,252.3,783.2,270.8],\"text\":\"determined to be both probable and reasonably estimable. The\"},{\"bbox\":[456.6,267.6,795.7,286.2],\"text\":\"Company does not expect that the ultimate liability with respect to\"},{\"bbox\":[456.4,282.9,784.4,301.3],\"text\":\"such activities will have a material adverse effect on its financial\"},{\"bbox\":[456.2,298.1,794.9,316.7],\"text\":\"condition but could have a material adverse effect on its results of\"},{\"bbox\":[456.0,313.4,761.9,331.6],\"text\":\"operations, cash flows or liquidity in a given quarter or year.\"}],\"order\":4,\"text\":\"The Company is subject to various federal, state, local and foreign\\nenvironmental health and safety laws and regulations, including\\nthose governing air emissions, wastewater discharges, the use,\\n­storage, treatment, recycling and disposal of solid and hazardous\\nmaterials and finished product, and the cleanup of contamination\\nassociated therewith. Because of the nature of the Company’s\\n­business, the Company has incurred, and will continue to incur,\\ncosts relating to compliance with such laws and regulations. The\\nCompany is involved in various proceedings relating to environmen-\\ntal matters and is currently engaged in environmental investigation,\\nremediation and post-closure care programs at certain sites.\\nThe Company has provided accruals for such activities that it has\\ndetermined to be both probable and reasonably estimable. The\\nCompany does not expect that the ultimate liability with respect to\\nsuch activities will have a material adverse effect on its financial\\ncondition but could have a material adverse effect on its results of\\noperations, cash flows or liquidity in a given quarter or year.\"},{\"bbox\":[455.7,343.6,668.5,361.3],\"lines\":[{\"bbox\":[455.7,343.6,668.5,361.3],\"text\":\"Item 4. Mine Safety Disclosures\"}],\"order\":5,\"text\":\"Item 4. Mine Safety Disclosures\"},{\"bbox\":[455.4,363.4,534.2,378.9],\"lines\":[{\"bbox\":[455.4,363.4,534.2,378.9],\"text\":\"Not applicable.\"}],\"order\":6,\"text\":\"Not applicable.\"},{\"bbox\":[454.9,392.6,530.8,419.6],\"lines\":[{\"bbox\":[454.9,392.6,530.8,419.6],\"text\":\"PART II\"}],\"order\":7,\"text\":\"PART II\"},{\"bbox\":[454.4,420.1,780.7,469.6],\"lines\":[{\"bbox\":[454.7,420.1,775.0,439.0],\"text\":\"Item 5. Market for Registrant’s Common Equity,\"},{\"bbox\":[502.0,435.9,780.5,454.4],\"text\":\"Related Stockholder Matters and Issuer\"},{\"bbox\":[501.8,451.2,713.7,468.8],\"text\":\"Purchases of Equity Securities\"}],\"order\":8,\"text\":\"Item 5. Market for Registrant’s Common Equity,\\nRelated Stockholder Matters and Issuer\\nPurchases of Equity Securities\"},{\"bbox\":[454.1,472.3,678.5,493.3],\"lines\":[{\"bbox\":[454.1,472.3,678.5,493.3],\"text\":\"Market for the Common Stock\"}],\"order\":9,\"text\":\"Market for the Common Stock\"},{\"bbox\":[453.1,493.3,806.4,573.2],\"lines\":[{\"bbox\":[453.9,493.3,778.1,511.8],\"text\":\"The Company’s common stock, $0.01 par value per share (the\"},{\"bbox\":[453.7,508.6,773.0,527.0],\"text\":\"“Common Stock”) is quoted on the New York Stock Exchange\"},{\"bbox\":[453.5,523.9,806.0,542.7],\"text\":\"(“NYSE”) under the symbol “MHK.” The table below shows the high\"},{\"bbox\":[453.3,539.1,802.2,557.9],\"text\":\"and low sales prices per share of the Common Stock as reported on\"},{\"bbox\":[453.1,554.4,757.7,572.6],\"text\":\"the NYSE Composite Tape, for each fiscal period indicated.\"}],\"order\":10,\"text\":\"The Company’s common stock, $0.01 par value per share (the\\n“Common Stock”) is quoted on the New York Stock Exchange\\n(“NYSE”) under the symbol “MHK.” The table below shows the high\\nand low sales prices per share of the Common Stock as reported on\\nthe NYSE Composite Tape, for each fiscal period indicated.\"},{\"bbox\":[678.0,580.7,791.7,595.0],\"lines\":[{\"bbox\":[678.0,580.7,791.7,595.0],\"text\":\"Mohawk Common Stock\"}],\"order\":11,\"text\":\"Mohawk Common Stock\"},{\"bbox\":[452.6,597.4,625.7,612.4],\"lines\":[{\"bbox\":[452.6,597.4,625.7,612.4],\"text\":\"\\t\\t\\t\\t\"}],\"order\":12,\"text\":\"\\t\\t\\t\\t\"},{\"bbox\":[450.5,615.2,618.2,782.0],\"lines\":[{\"bbox\":[452.4,615.2,483.1,630.6],\"text\":\"2011\"},{\"bbox\":[458.4,632.3,618.0,648.7],\"text\":\"First Quarter\\t\\t\"},{\"bbox\":[458.2,648.9,617.8,665.4],\"text\":\"Second Quarter\\t\\t\"},{\"bbox\":[458.0,665.6,617.6,682.0],\"text\":\"Third Quarter\\t\\t\"},{\"bbox\":[457.8,682.3,617.4,698.7],\"text\":\"Fourth Quarter\\t\\t\"},{\"bbox\":[451.4,698.5,482.1,713.9],\"text\":\"2012\"},{\"bbox\":[457.5,715.6,617.0,732.0],\"text\":\"First Quarter\\t\\t\"},{\"bbox\":[457.3,732.2,616.8,748.7],\"text\":\"Second Quarter\\t\\t\"},{\"bbox\":[457.1,748.9,616.6,765.4],\"text\":\"Third Quarter\\t\\t\"},{\"bbox\":[456.9,765.6,616.4,782.0],\"text\":\"Fourth Quarter\\t\\t\"}],\"order\":13,\"text\":\"2011\\nFirst Quarter\\t\\t\\nSecond Quarter\\t\\t\\nThird Quarter\\t\\t\\nFourth Quarter\\t\\t\\n2012\\nFirst Quarter\\t\\t\\nSecond Quarter\\t\\t\\nThird Quarter\\t\\t\\nFourth Quarter\\t\\t\"},{\"bbox\":[680.4,600.2,702.7,613.3],\"lines\":[{\"bbox\":[680.4,600.2,702.7,613.3],\"text\":\"High\"}],\"order\":14,\"text\":\"High\"},{\"bbox\":[767.4,601.2,786.1,614.4],\"lines\":[{\"bbox\":[767.4,601.2,786.1,614.4],\"text\":\"Low\"}],\"order\":15,\"text\":\"Low\"},{\"bbox\":[671.7,634.9,710.7,699.8],\"lines\":[{\"bbox\":[672.3,634.9,710.7,649.8],\"text\":\"$63.12\"},{\"bbox\":[679.0,651.6,710.5,666.5],\"text\":\"68.86\"},{\"bbox\":[678.8,668.3,710.3,683.2],\"text\":\"61.47\"},{\"bbox\":[678.6,684.9,710.1,699.8],\"text\":\"61.30\"}],\"order\":16,\"text\":\"$63.12\\n68.86\\n61.47\\n61.30\"},{\"bbox\":[761.9,636.0,794.0,700.8],\"lines\":[{\"bbox\":[762.5,636.0,794.0,650.9],\"text\":\"54.42\"},{\"bbox\":[762.4,652.6,793.8,667.5],\"text\":\"57.43\"},{\"bbox\":[762.2,669.3,793.6,684.2],\"text\":\"39.93\"},{\"bbox\":[762.0,686.0,793.4,700.8],\"text\":\"40.19\"}],\"order\":17,\"text\":\"54.42\\n57.43\\n39.93\\n40.19\"},{\"bbox\":[677.6,718.3,709.7,783.1],\"lines\":[{\"bbox\":[678.2,718.3,709.7,733.2],\"text\":\"68.16\"},{\"bbox\":[678.1,734.9,709.5,749.8],\"text\":\"75.44\"},{\"bbox\":[677.9,751.6,709.3,766.5],\"text\":\"82.76\"},{\"bbox\":[677.7,768.2,709.1,783.1],\"text\":\"93.95\"}],\"order\":18,\"text\":\"68.16\\n75.44\\n82.76\\n93.95\"},{\"bbox\":[761.0,719.3,793.1,784.2],\"lines\":[{\"bbox\":[761.6,719.3,793.0,734.2],\"text\":\"57.62\"},{\"bbox\":[761.4,735.9,792.8,750.8],\"text\":\"60.21\"},{\"bbox\":[761.2,752.6,792.6,767.5],\"text\":\"64.22\"},{\"bbox\":[761.0,769.3,792.5,784.2],\"text\":\"77.67\"}],\"order\":19,\"text\":\"57.62\\n60.21\\n64.22\\n77.67\"},{\"bbox\":[448.0,797.4,803.7,999.5],\"lines\":[{\"bbox\":[462.8,797.6,791.5,816.1],\"text\":\"As of February 20, 2013, there were approximately 297 holders\"},{\"bbox\":[450.1,812.7,799.5,831.5],\"text\":\"of record of Common Stock. The Company has not paid or declared\"},{\"bbox\":[449.9,828.0,803.3,846.8],\"text\":\"any cash dividends on shares of its Common Stock since completing\"},{\"bbox\":[449.7,843.3,783.6,861.8],\"text\":\"its initial public offering. The Company’s policy is to retain all net\"},{\"bbox\":[449.5,858.5,797.2,877.3],\"text\":\"earnings for the development of its business, and presently, it does\"},{\"bbox\":[449.3,873.8,791.8,892.5],\"text\":\"not anticipate paying cash dividends on the Common Stock in the\"},{\"bbox\":[449.1,889.1,797.1,907.8],\"text\":\"foreseeable future. The payment of future cash dividends will be at\"},{\"bbox\":[449.0,904.4,791.1,923.0],\"text\":\"the sole discretion of the Board of Directors and will depend upon\"},{\"bbox\":[448.8,919.6,796.7,938.4],\"text\":\"the Company’s profitability, financial condition, cash requirements,\"},{\"bbox\":[448.6,934.9,787.2,953.5],\"text\":\"future prospects and other factors deemed relevant by the Board\"},{\"bbox\":[448.4,950.2,512.0,965.5],\"text\":\"of Directors.\"},{\"bbox\":[460.7,965.6,800.2,984.2],\"text\":\"The Company did not repurchase any of its common stock during\"},{\"bbox\":[448.0,980.7,586.2,996.9],\"text\":\"the fourth quarter of 2012.\"}],\"order\":20,\"text\":\"As of February 20, 2013, there were approximately 297 holders\\nof record of Common Stock. The Company has not paid or declared\\nany cash dividends on shares of its Common Stock since completing\\nits initial public offering. The Company’s policy is to retain all net\\nearnings for the development of its business, and presently, it does\\nnot anticipate paying cash dividends on the Common Stock in the\\nforeseeable future. The payment of future cash dividends will be at\\nthe sole discretion of the Board of Directors and will depend upon\\nthe Company’s profitability, financial condition, cash requirements,\\nfuture prospects and other factors deemed relevant by the Board\\nof Directors.\\nThe Company did not repurchase any of its common stock during\\nthe fourth quarter of 2012.\"},{\"bbox\":[784.2,1034.9,800.8,1051.9],\"lines\":[{\"bbox\":[784.2,1034.9,800.8,1051.9],\"text\":\"11\"}],\"order\":21,\"text\":\"11\"},{\"bbox\":[723.3,1049.9,800.6,1063.8],\"lines\":[{\"bbox\":[723.3,1049.9,800.6,1063.8],\"text\":\"2012 Annual Report\"}],\"order\":22,\"text\":\"2012 Annual Report\"}],\"doc\":\"fintabnet:MHK_2012\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"The Company’s properties are in good condition and adequate\\nfor its requirements. The Company believes its principal plants are\\ngenerally adequate to meet its production plans pursuant to the\\nCompany’s long-term sales goals. In the ordinary course of business,\\nthe Company monitors the condition of its facilities to ensure that\\nthey remain adequate to meet long-term sales goals and\\nproduction plans.\\n\\nItem 3. Legal Proceedings\\n\\nThe Company is involved in litigation from time to time in the\\n­regular course of its business. Except as noted below, there are no\\nmaterial legal proceedings pending or known by the Company to\\nbe contemplated to which the Company is a party or to which any\\nof its property is subject.\\nBeginning in August 2010, a series of civil lawsuits were initiated\\nin several U.S. federal courts alleging that certain manufacturers ­\\nof polyurethane foam products and competitors of the Company’s\\ncarpet underlay division had engaged in price fixing in violation of\\nU.S. antitrust laws. Mohawk has been named as a defendant in a\\nnumber of the individual cases (the first filed on August 26, 2010),\\nas well as in two consolidated amended class action complaints,\\nthe first filed on February 28, 2011, on behalf of a class of all direct\\npurchasers of polyurethane foam products, and the second filed\\non March 21, 2011, on behalf of a class of indirect purchasers.\\nAll pending cases in which the Company has been named as a\\n­defendant have been filed in or transferred to the U.S. District Court\\nfor the Northern District of Ohio for consolidated pre-trial proceedings\\nunder the name In re: Polyurethane Foam Antitrust Litigation,\\nCase No. 1:10-MDL-02196.\\nIn these actions, the plaintiffs, on behalf of themselves and/or\\na class of purchasers, seek three times the amount of unspecified\\ndamages allegedly suffered as a result of alleged overcharges in the\\nprice of polyurethane foam products from at least 1999 to the\\n­present. Each plaintiff also seeks attorney fees, pre-judgment and\\npost-judgment interest, court costs, and injunctive relief against\\nfuture violations. In December 2011, the Company was named as a\\ndefendant in a Canadian Class action, Hi ! Neighbor Floor Covering\\nCo. Limited v. Hickory Springs Manufacturing Company, et.al., filed\\nin the Superior Court of Justice of Ontario, Canada and Options\\nConsommateures v. Vitafoam, Inc. et.al., filed in the Superior Court\\nof Justice of Quebec, Montreal, Canada, both of which allege similar\\nclaims against the Company as raised in the U.S. actions and seek\\nunspecified damages and punitive damages. The Company denies\\nall of the allegations in these actions and will vigorously defend itself.\\nThe Company believes that adequate provisions for resolution of\\nall contingencies, claims and pending litigation have been made for\\nprobable losses that are reasonably estimable. These contingencies\\nare subject to significant uncertainties and we are unable to\\n­estimate the amount or range of loss, if any, in excess of amounts\\naccrued. The Company does not believe that the ultimate outcome\\nof these actions will have a material adverse effect on its financial\\ncondition but could have a material adverse effect on its results\\nof operations, cash flows or liquidity in a given quarter or year.\\n\\nEnvironmental Matters\\n\\nThe Company is subject to various federal, state, local and foreign\\nenvironmental health and safety laws and regulations, including\\nthose governing air emissions, wastewater discharges, the use,\\n­storage, treatment, recycling and disposal of solid and hazardous\\nmaterials and finished product, and the cleanup of contamination\\nassociated therewith. Because of the nature of the Company’s\\n­business, the Company has incurred, and will continue to incur,\\ncosts relating to compliance with such laws and regulations. The\\nCompany is involved in various proceedings relating to environmen-\\ntal matters and is currently engaged in environmental investigation,\\nremediation and post-closure care programs at certain sites.\\nThe Company has provided accruals for such activities that it has\\ndetermined to be both probable and reasonably estimable. The\\nCompany does not expect that the ultimate liability with respect to\\nsuch activities will have a material adverse effect on its financial\\ncondition but could have a material adverse effect on its results of\\noperations, cash flows or liquidity in a given quarter or year.\\n\\nItem 4. Mine Safety Disclosures\\n\\nNot applicable.\\n\\nPART II\\n\\nItem 5. Market for Registrant’s Common Equity,\\nRelated Stockholder Matters and Issuer\\nPurchases of Equity Securities\\n\\nMarket for the Common Stock\\n\\nThe Company’s common stock, $0.01 par value per share (the\\n“Common Stock”) is quoted on the New York Stock Exchange\\n(“NYSE”) under the symbol “MHK.” The table below shows the high\\nand low sales prices per share of the Common Stock as reported on\\nthe NYSE Composite Tape, for each fiscal period indicated.\\n\\nMohawk Common Stock\\n\\n\\t\\t\\t\\t\\n\\n2011\\nFirst Quarter\\t\\t\\nSecond Quarter\\t\\t\\nThird Quarter\\t\\t\\nFourth Quarter\\t\\t\\n2012\\nFirst Quarter\\t\\t\\nSecond Quarter\\t\\t\\nThird Quarter\\t\\t\\nFourth Quarter\\t\\t\\n\\nHigh\\n\\nLow\\n\\n$63.12\\n68.86\\n61.47\\n61.30\\n\\n54.42\\n57.43\\n39.93\\n40.19\\n\\n68.16\\n75.44\\n82.76\\n93.95\\n\\n57.62\\n60.21\\n64.22\\n77.67\\n\\nAs of February 20, 2013, there were approximately 297 holders\\nof record of Common Stock. The Company has not paid or declared\\nany cash dividends on shares of its Common Stock since completing\\nits initial public offering. The Company’s policy is to retain all net\\nearnings for the development of its business, and presently, it does\\nnot anticipate paying cash dividends on the Common Stock in the\\nforeseeable future. The payment of future cash dividends will be at\\nthe sole discretion of the Board of Directors and will depend upon\\nthe Company’s profitability, financial condition, cash requirements,\\nfuture prospects and other factors deemed relevant by the Board\\nof Directors.\\nThe Company did not repurchase any of its common stock during\\nthe fourth quarter of 2012.\\n\\n11\\n\\n2012 Annual Report\",\"name\":\"fintabnet.MHK_2012_page_23__100dpi_mild\",\"page_id\":\"fintabnet.MHK_2012_page_23\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.696,\"source\":\"fintabnet\",\"source_id\":\"MHK_2012_page_23\",\"stack\":[{\"deg\":-0.696,\"op\":\"skew\"},{\"amp\":0.064,\"angle\":347.8,\"blob\":0.246,\"op\":\"illumination\"},{\"op\":\"jpeg\",\"q\":86}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[450.5,578.0,794.7,784.2],\"block_orders\":[11,12,13,14,15,16,17,18,19],\"cells\":null}],\"text\":\"The Company’s properties are in good condition and adequate\\nfor its requirements. The Company believes its principal plants are\\ngenerally adequate to meet its production plans pursuant to the\\nCompany’s long-term sales goals. In the ordinary course of business,\\nthe Company monitors the condition of its facilities to ensure that\\nthey remain adequate to meet long-term sales goals and\\nproduction plans.\\n\\nItem 3. Legal Proceedings\\n\\nThe Company is involved in litigation from time to time in the\\n­regular course of its business. Except as noted below, there are no\\nmaterial legal proceedings pending or known by the Company to\\nbe contemplated to which the Company is a party or to which any\\nof its property is subject.\\nBeginning in August 2010, a series of civil lawsuits were initiated\\nin several U.S. federal courts alleging that certain manufacturers ­\\nof polyurethane foam products and competitors of the Company’s\\ncarpet underlay division had engaged in price fixing in violation of\\nU.S. antitrust laws. Mohawk has been named as a defendant in a\\nnumber of the individual cases (the first filed on August 26, 2010),\\nas well as in two consolidated amended class action complaints,\\nthe first filed on February 28, 2011, on behalf of a class of all direct\\npurchasers of polyurethane foam products, and the second filed\\non March 21, 2011, on behalf of a class of indirect purchasers.\\nAll pending cases in which the Company has been named as a\\n­defendant have been filed in or transferred to the U.S. District Court\\nfor the Northern District of Ohio for consolidated pre-trial proceedings\\nunder the name In re: Polyurethane Foam Antitrust Litigation,\\nCase No. 1:10-MDL-02196.\\nIn these actions, the plaintiffs, on behalf of themselves and/or\\na class of purchasers, seek three times the amount of unspecified\\ndamages allegedly suffered as a result of alleged overcharges in the\\nprice of polyurethane foam products from at least 1999 to the\\n­present. Each plaintiff also seeks attorney fees, pre-judgment and\\npost-judgment interest, court costs, and injunctive relief against\\nfuture violations. In December 2011, the Company was named as a\\ndefendant in a Canadian Class action, Hi ! Neighbor Floor Covering\\nCo. Limited v. Hickory Springs Manufacturing Company, et.al., filed\\nin the Superior Court of Justice of Ontario, Canada and Options\\nConsommateures v. Vitafoam, Inc. et.al., filed in the Superior Court\\nof Justice of Quebec, Montreal, Canada, both of which allege similar\\nclaims against the Company as raised in the U.S. actions and seek\\nunspecified damages and punitive damages. The Company denies\\nall of the allegations in these actions and will vigorously defend itself.\\nThe Company believes that adequate provisions for resolution of\\nall contingencies, claims and pending litigation have been made for\\nprobable losses that are reasonably estimable. These contingencies\\nare subject to significant uncertainties and we are unable to\\n­estimate the amount or range of loss, if any, in excess of amounts\\naccrued. The Company does not believe that the ultimate outcome\\nof these actions will have a material adverse effect on its financial\\ncondition but could have a material adverse effect on its results\\nof operations, cash flows or liquidity in a given quarter or year.\\n\\nEnvironmental Matters\\n\\nThe Company is subject to various federal, state, local and foreign\\nenvironmental health and safety laws and regulations, including\\nthose governing air emissions, wastewater discharges, the use,\\n­storage, treatment, recycling and disposal of solid and hazardous\\nmaterials and finished product, and the cleanup of contamination\\nassociated therewith. Because of the nature of the Company’s\\n­business, the Company has incurred, and will continue to incur,\\ncosts relating to compliance with such laws and regulations. The\\nCompany is involved in various proceedings relating to environmen-\\ntal matters and is currently engaged in environmental investigation,\\nremediation and post-closure care programs at certain sites.\\nThe Company has provided accruals for such activities that it has\\ndetermined to be both probable and reasonably estimable. The\\nCompany does not expect that the ultimate liability with respect to\\nsuch activities will have a material adverse effect on its financial\\ncondition but could have a material adverse effect on its results of\\noperations, cash flows or liquidity in a given quarter or year.\\n\\nItem 4. Mine Safety Disclosures\\n\\nNot applicable.\\n\\nPART II\\n\\nItem 5. Market for Registrant’s Common Equity,\\nRelated Stockholder Matters and Issuer\\nPurchases of Equity Securities\\n\\nMarket for the Common Stock\\n\\nThe Company’s common stock, $0.01 par value per share (the\\n“Common Stock”) is quoted on the New York Stock Exchange\\n(“NYSE”) under the symbol “MHK.” The table below shows the high\\nand low sales prices per share of the Common Stock as reported on\\nthe NYSE Composite Tape, for each fiscal period indicated.\\n\\nMohawk Common Stock\\n\\n\\t\\t\\t\\t\\n\\n2011\\nFirst Quarter\\t\\t\\nSecond Quarter\\t\\t\\nThird Quarter\\t\\t\\nFourth Quarter\\t\\t\\n2012\\nFirst Quarter\\t\\t\\nSecond Quarter\\t\\t\\nThird Quarter\\t\\t\\nFourth Quarter\\t\\t\\n\\nHigh\\n\\nLow\\n\\n$63.12\\n68.86\\n61.47\\n61.30\\n\\n54.42\\n57.43\\n39.93\\n40.19\\n\\n68.16\\n75.44\\n82.76\\n93.95\\n\\n57.62\\n60.21\\n64.22\\n77.67\\n\\nAs of February 20, 2013, there were approximately 297 holders\\nof record of Common Stock. The Company has not paid or declared\\nany cash dividends on shares of its Common Stock since completing\\nits initial public offering. The Company’s policy is to retain all net\\nearnings for the development of its business, and presently, it does\\nnot anticipate paying cash dividends on the Common Stock in the\\nforeseeable future. The payment of future cash dividends will be at\\nthe sole discretion of the Board of Directors and will depend upon\\nthe Company’s profitability, financial condition, cash requirements,\\nfuture prospects and other factors deemed relevant by the Board\\nof Directors.\\nThe Company did not repurchase any of its common stock during\\nthe fourth quarter of 2012.\\n\\n11\\n\\n2012 Annual Report\"},\"name\":\"fintabnet.MHK_2012_page_23__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":275687,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:MHK_2012\",\"dpi\":100,\"gt_sha256\":\"0e43e2397850ba62e29b5ce66044b3eb04c9713dc80ee937dd1a46244e5251d1\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MHK_2012_page_23__100dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.MHK_2012_page_23\",\"pdf_sha256\":\"5e6a7a263b6de31b0ec69ccdec438c635b8927b0d682bd709cbb6e990278c70d\",\"px\":[850,1100],\"scan\":{\"render\":\"00007e7e307e7e7e3f7e7f407e7e7e7e7e0e7e403f407e42007e007e0000ffff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"MHK_2012_page_23\",\"src\":{\"file_sha256\":\"66986e0b58e7b6b54a64216d7f60e34da4097a466499690039726b2d52fef952\",\"render\":\"00007e7e707e7e7e7e7c7e407e7c7e7e7e0e7e407f407e40007e007e0000ffff\",\"text\":\"98aaafbd9756e9cbf040f8d0b41c437d8964bf840a6325994d38a3b3ef4537b5\"},\"stack\":[{\"deg\":-0.696,\"op\":\"skew\"},{\"amp\":0.064,\"angle\":347.8,\"blob\":0.246,\"op\":\"illumination\"},{\"op\":\"jpeg\",\"q\":86}],\"tools\":\"21647cade0ee\"},\"sha256\":\"5e6a7a263b6de31b0ec69ccdec438c635b8927b0d682bd709cbb6e990278c70d\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/5e6a7a263b6de31b0ec69ccdec438c635b8927b0d682bd709cbb6e990278c70d.pdf","asset_sha256":"5e6a7a263b6de31b0ec69ccdec438c635b8927b0d682bd709cbb6e990278c70d","document_id":"fintabnet:MHK_2012","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MHK_2012_page_23\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MHK_2012_page_44\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:MHK_2012\",\"ground_truth\":{\"blocks\":[{\"bbox\":[31.2,34.6,285.4,221.0],\"lines\":[{\"bbox\":[40.2,34.6,263.8,45.0],\"text\":\"On January 10, 2013, the Company completed its purchase\"},{\"bbox\":[31.2,45.5,277.8,56.0],\"text\":\"of Pergo, a leading manufacturer of laminate flooring in the United\"},{\"bbox\":[31.2,56.5,273.8,67.0],\"text\":\"States and the Nordic countries. The total value of the acquisition\"},{\"bbox\":[31.2,67.5,180.7,78.0],\"text\":\"was approximately $150 million in cash.\"},{\"bbox\":[40.2,78.5,272.9,89.0],\"text\":\"On December 20, 2012, the Company entered into a definitive\"},{\"bbox\":[31.2,89.5,268.7,100.0],\"text\":\"share purchase agreement to acquire Fintiles S.p.A and its sub­\"},{\"bbox\":[31.2,100.5,279.5,111.0],\"text\":\"sidiaries (collectively, the “Marazzi Group”), a global manufacturer,\"},{\"bbox\":[31.2,111.5,254.4,122.0],\"text\":\"distributor and marketer of ceramic tile. At the closing of the\"},{\"bbox\":[31.2,122.5,270.0,133.0],\"text\":\"­transaction, the Company will pay a purchase price based on an\"},{\"bbox\":[31.2,133.5,283.6,144.5],\"text\":\"enterprise value of €1.17 billion. The Company expects to complete the\"},{\"bbox\":[31.2,144.5,280.0,155.0],\"text\":\"transaction in the first half of 2013 pending customary ­governmental\"},{\"bbox\":[31.2,155.5,244.4,166.0],\"text\":\"approvals and the satisfaction of other closing conditions.\"},{\"bbox\":[40.2,166.5,281.6,177.0],\"text\":\"On January 28, 2013 the Company entered into an agreement to\"},{\"bbox\":[31.2,177.5,283.1,188.0],\"text\":\"purchase Spano Invest NV, a Belgian panel board manufacturer, for\"},{\"bbox\":[31.2,188.5,278.5,199.5],\"text\":\"€125 million. The Company expects to complete the transaction in\"},{\"bbox\":[31.2,199.5,285.4,210.0],\"text\":\"the second half of 2013 pending customary governmental approvals\"},{\"bbox\":[31.2,210.5,206.1,221.0],\"text\":\"and the satisfaction of other closing conditions.\"}],\"order\":0,\"text\":\"On January 10, 2013, the Company completed its purchase\\nof Pergo, a leading manufacturer of laminate flooring in the United\\nStates and the Nordic countries. The total value of the acquisition\\nwas approximately $150 million in cash.\\nOn December 20, 2012, the Company entered into a definitive\\nshare purchase agreement to acquire Fintiles S.p.A and its sub­\\nsidiaries (collectively, the “Marazzi Group”), a global manufacturer,\\ndistributor and marketer of ceramic tile. At the closing of the\\n­transaction, the Company will pay a purchase price based on an\\nenterprise value of €1.17 billion. The Company expects to complete the\\ntransaction in the first half of 2013 pending customary ­governmental\\napprovals and the satisfaction of other closing conditions.\\nOn January 28, 2013 the Company entered into an agreement to\\npurchase Spano Invest NV, a Belgian panel board manufacturer, for\\n€125 million. The Company expects to complete the transaction in\\nthe second half of 2013 pending customary governmental approvals\\nand the satisfaction of other closing conditions.\"},{\"bbox\":[31.2,231.1,81.3,247.9],\"lines\":[{\"bbox\":[31.2,231.1,81.3,247.9],\"text\":\"NOTE 3\"}],\"order\":1,\"text\":\"NOTE 3\"},{\"bbox\":[31.2,247.9,103.1,261.1],\"lines\":[{\"bbox\":[31.2,247.9,103.1,261.1],\"text\":\"Receivables\"}],\"order\":2,\"text\":\"Receivables\"},{\"bbox\":[31.2,272.5,44.7,292.8],\"lines\":[{\"bbox\":[31.2,272.5,44.7,281.8],\"text\":\"\\t\\t\\t\"},{\"bbox\":[31.2,283.5,44.7,292.8],\"text\":\"\\t\\t\\t\"}],\"order\":3,\"text\":\"\\t\\t\\t\\n\\t\\t\\t\"},{\"bbox\":[164.4,272.4,214.0,292.9],\"lines\":[{\"bbox\":[164.4,272.4,214.0,281.9],\"text\":\"December 31,\"},{\"bbox\":[179.4,283.4,199.0,292.9],\"text\":\"2012\"}],\"order\":4,\"text\":\"December 31,\\n2012\"},{\"bbox\":[233.1,272.5,281.3,292.8],\"lines\":[{\"bbox\":[233.1,272.5,281.3,281.8],\"text\":\"December 31,\"},{\"bbox\":[248.3,283.5,266.1,292.8],\"text\":\"2011\"}],\"order\":5,\"text\":\"December 31,\\n2011\"},{\"bbox\":[31.2,296.6,113.7,331.0],\"lines\":[{\"bbox\":[31.2,296.6,95.9,307.0],\"text\":\"Customers, trade\"},{\"bbox\":[31.2,308.5,113.7,319.0],\"text\":\"Income tax receivable\"},{\"bbox\":[31.2,320.5,52.2,331.0],\"text\":\"Other\"}],\"order\":6,\"text\":\"Customers, trade\\nIncome tax receivable\\nOther\"},{\"bbox\":[168.0,296.5,209.2,331.1],\"lines\":[{\"bbox\":[168.0,296.5,209.2,307.1],\"text\":\"$691,553\"},{\"bbox\":[200.2,308.4,209.2,319.1],\"text\":\"—\"},{\"bbox\":[179.0,320.4,209.2,331.1],\"text\":\"25,793\"}],\"order\":7,\"text\":\"$691,553\\n—\\n25,793\"},{\"bbox\":[240.7,296.6,273.2,331.0],\"lines\":[{\"bbox\":[240.7,296.6,273.2,307.0],\"text\":\"696,856\"},{\"bbox\":[250.7,308.5,273.2,319.0],\"text\":\"1,703\"},{\"bbox\":[245.7,320.5,273.2,331.0],\"text\":\"31,311\"}],\"order\":8,\"text\":\"696,856\\n1,703\\n31,311\"},{\"bbox\":[31.2,334.5,142.5,381.0],\"lines\":[{\"bbox\":[31.2,334.5,53.7,345.0],\"text\":\"\\t\\t\\t\\t\\t\"},{\"bbox\":[31.2,346.5,141.4,357.0],\"text\":\"Less allowance for discounts,\"},{\"bbox\":[31.2,358.5,142.5,369.0],\"text\":\"\\treturns, claims and doubtful\"},{\"bbox\":[35.7,370.5,70.2,381.0],\"text\":\"accounts\"}],\"order\":9,\"text\":\"\\t\\t\\t\\t\\t\\nLess allowance for discounts,\\n\\treturns, claims and doubtful\\naccounts\"},{\"bbox\":[173.5,334.4,209.2,345.1],\"lines\":[{\"bbox\":[173.5,334.4,209.2,345.1],\"text\":\"717,346\"}],\"order\":10,\"text\":\"717,346\"},{\"bbox\":[240.7,334.5,273.2,345.0],\"lines\":[{\"bbox\":[240.7,334.5,273.2,345.0],\"text\":\"729,870\"}],\"order\":11,\"text\":\"729,870\"},{\"bbox\":[179.0,370.4,209.2,381.1],\"lines\":[{\"bbox\":[179.0,370.4,209.2,381.1],\"text\":\"37,873\"}],\"order\":12,\"text\":\"37,873\"},{\"bbox\":[245.7,370.5,273.2,381.0],\"lines\":[{\"bbox\":[245.7,370.5,273.2,381.0],\"text\":\"43,705\"}],\"order\":13,\"text\":\"43,705\"},{\"bbox\":[31.2,384.5,93.5,395.0],\"lines\":[{\"bbox\":[31.2,384.5,93.5,395.0],\"text\":\"Receivables, net\"}],\"order\":14,\"text\":\"Receivables, net\"},{\"bbox\":[168.0,384.4,209.2,395.1],\"lines\":[{\"bbox\":[168.0,384.4,209.2,395.1],\"text\":\"$679,473\"}],\"order\":15,\"text\":\"$679,473\"},{\"bbox\":[240.7,384.5,273.2,395.0],\"lines\":[{\"bbox\":[240.7,384.5,273.2,395.0],\"text\":\"686,165\"}],\"order\":16,\"text\":\"686,165\"},{\"bbox\":[312.6,34.6,543.4,67.0],\"lines\":[{\"bbox\":[321.6,34.6,527.0,45.0],\"text\":\"The following table reflects the activity of allowances for\"},{\"bbox\":[312.6,45.5,543.4,56.0],\"text\":\"­discounts, returns, claims and doubtful accounts for the years\"},{\"bbox\":[312.6,56.5,392.4,67.0],\"text\":\"ended December 31:\"}],\"order\":17,\"text\":\"The following table reflects the activity of allowances for\\n­discounts, returns, claims and doubtful accounts for the years\\nended December 31:\"},{\"bbox\":[312.6,73.5,419.5,112.8],\"lines\":[{\"bbox\":[312.6,73.5,406.1,82.8],\"text\":\"\\t\\t\\t\\t\"},{\"bbox\":[312.6,83.5,323.6,92.8],\"text\":\"\\t\\t\\t\"},{\"bbox\":[383.7,83.5,419.5,92.8],\"text\":\"Balance at\"},{\"bbox\":[312.6,93.5,326.1,102.8],\"text\":\"\\t\\t\\t\"},{\"bbox\":[384.9,93.5,418.3,102.8],\"text\":\"beginning\"},{\"bbox\":[312.6,103.5,326.1,112.8],\"text\":\"\\t\\t\\t\"},{\"bbox\":[390.4,103.5,412.8,112.8],\"text\":\"of year\"}],\"order\":18,\"text\":\"\\t\\t\\t\\t\\n\\t\\t\\t\\nBalance at\\n\\t\\t\\t\\nbeginning\\n\\t\\t\\t\\nof year\"},{\"bbox\":[430.7,73.5,519.1,112.8],\"lines\":[{\"bbox\":[432.8,73.5,464.4,82.8],\"text\":\"Additions\"},{\"bbox\":[430.7,83.5,498.6,92.8],\"text\":\"charged to\\t\\t\"},{\"bbox\":[439.9,93.5,501.1,102.8],\"text\":\"costs\\t\\t\"},{\"bbox\":[432.8,103.5,519.1,112.8],\"text\":\"expenses Deductions (1)\"}],\"order\":19,\"text\":\"Additions\\ncharged to\\t\\t\\ncosts\\t\\t\\nexpenses Deductions (1)\"},{\"bbox\":[528.8,83.5,556.4,112.8],\"lines\":[{\"bbox\":[528.8,83.5,556.4,92.8],\"text\":\"Balance\"},{\"bbox\":[532.0,93.5,553.2,102.8],\"text\":\"at end\"},{\"bbox\":[531.4,103.5,553.8,112.8],\"text\":\"of year\"}],\"order\":20,\"text\":\"Balance\\nat end\\nof year\"},{\"bbox\":[312.6,116.6,334.6,151.1],\"lines\":[{\"bbox\":[312.6,116.6,332.6,127.0],\"text\":\"2010\"},{\"bbox\":[312.6,128.5,332.6,139.0],\"text\":\"2011\"},{\"bbox\":[312.6,140.4,334.6,151.1],\"text\":\"2012\"}],\"order\":21,\"text\":\"2010\\n2011\\n2012\"},{\"bbox\":[428.9,116.6,464.6,151.1],\"lines\":[{\"bbox\":[432.1,116.6,464.6,127.0],\"text\":\"170,274\"},{\"bbox\":[432.1,128.5,464.6,139.0],\"text\":\"161,073\"},{\"bbox\":[428.9,140.4,464.6,151.1],\"text\":\"180,616\"}],\"order\":22,\"text\":\"170,274\\n161,073\\n180,616\"},{\"bbox\":[525.4,116.6,555.6,151.1],\"lines\":[{\"bbox\":[528.1,116.6,555.6,127.0],\"text\":\"45,755\"},{\"bbox\":[528.1,128.5,555.6,139.0],\"text\":\"43,705\"},{\"bbox\":[525.4,140.4,555.6,151.1],\"text\":\"37,873\"}],\"order\":23,\"text\":\"45,755\\n43,705\\n37,873\"},{\"bbox\":[384.1,116.6,416.6,151.1],\"lines\":[{\"bbox\":[384.1,116.6,416.6,127.0],\"text\":\"$62,809\"},{\"bbox\":[389.1,128.5,416.6,139.0],\"text\":\"45,755\"},{\"bbox\":[386.4,140.4,416.6,151.1],\"text\":\"43,705\"}],\"order\":24,\"text\":\"$62,809\\n45,755\\n43,705\"},{\"bbox\":[476.9,116.6,512.6,151.1],\"lines\":[{\"bbox\":[480.1,116.6,512.6,127.0],\"text\":\"187,328\"},{\"bbox\":[480.1,128.5,512.6,139.0],\"text\":\"163,123\"},{\"bbox\":[476.9,140.4,512.6,151.1],\"text\":\"186,448\"}],\"order\":25,\"text\":\"187,328\\n163,123\\n186,448\"},{\"bbox\":[312.6,154.9,445.0,163.1],\"lines\":[{\"bbox\":[312.6,154.9,445.0,163.1],\"text\":\"(1) Represents charge-offs, net of recoveries.\"}],\"order\":26,\"text\":\"(1) Represents charge-offs, net of recoveries.\"},{\"bbox\":[312.6,173.6,362.7,190.4],\"lines\":[{\"bbox\":[312.6,173.6,362.7,190.4],\"text\":\"NOTE 4\"}],\"order\":27,\"text\":\"NOTE 4\"},{\"bbox\":[312.6,190.4,387.1,203.6],\"lines\":[{\"bbox\":[312.6,190.4,387.1,203.6],\"text\":\"Inventories\"}],\"order\":28,\"text\":\"Inventories\"},{\"bbox\":[312.6,209.1,482.1,219.5],\"lines\":[{\"bbox\":[312.6,209.1,482.1,219.5],\"text\":\"The components of inventories are as follows:\"}],\"order\":29,\"text\":\"The components of inventories are as follows:\"},{\"bbox\":[312.6,226.0,326.1,246.3],\"lines\":[{\"bbox\":[312.6,226.0,326.1,235.3],\"text\":\"\\t\\t\\t\"},{\"bbox\":[312.6,237.0,326.1,246.3],\"text\":\"\\t\\t\\t\"}],\"order\":30,\"text\":\"\\t\\t\\t\\n\\t\\t\\t\"},{\"bbox\":[442.8,225.9,492.4,246.4],\"lines\":[{\"bbox\":[442.8,225.9,492.4,235.4],\"text\":\"December 31,\"},{\"bbox\":[457.8,236.9,477.4,246.4],\"text\":\"2012\"}],\"order\":31,\"text\":\"December 31,\\n2012\"},{\"bbox\":[512.5,226.0,560.7,246.3],\"lines\":[{\"bbox\":[512.5,226.0,560.7,235.3],\"text\":\"December 31,\"},{\"bbox\":[527.7,237.0,545.5,246.3],\"text\":\"2011\"}],\"order\":32,\"text\":\"December 31,\\n2011\"},{\"bbox\":[312.6,250.1,372.9,284.5],\"lines\":[{\"bbox\":[312.6,250.1,369.9,260.5],\"text\":\"Finished goods\"},{\"bbox\":[312.6,262.0,372.9,272.5],\"text\":\"Work in process\"},{\"bbox\":[312.6,274.0,365.8,284.5],\"text\":\"Raw materials\"}],\"order\":33,\"text\":\"Finished goods\\nWork in process\\nRaw materials\"},{\"bbox\":[441.1,250.0,490.6,284.6],\"lines\":[{\"bbox\":[441.1,250.0,490.6,260.6],\"text\":\"$  695,606\"},{\"bbox\":[454.9,261.9,490.6,272.6],\"text\":\"103,685\"},{\"bbox\":[454.9,273.9,490.6,284.6],\"text\":\"334,445\"}],\"order\":34,\"text\":\"$  695,606\\n103,685\\n334,445\"},{\"bbox\":[522.1,250.1,554.6,284.5],\"lines\":[{\"bbox\":[522.1,250.1,554.6,260.5],\"text\":\"670,877\"},{\"bbox\":[522.1,262.0,554.6,272.5],\"text\":\"113,311\"},{\"bbox\":[522.1,274.0,554.6,284.5],\"text\":\"329,442\"}],\"order\":35,\"text\":\"670,877\\n113,311\\n329,442\"},{\"bbox\":[317.1,288.0,378.0,298.5],\"lines\":[{\"bbox\":[317.1,288.0,378.0,298.5],\"text\":\"Total inventories\"}],\"order\":36,\"text\":\"Total inventories\"},{\"bbox\":[441.1,287.9,490.6,298.6],\"lines\":[{\"bbox\":[441.1,287.9,490.6,298.6],\"text\":\"$1,133,736\"}],\"order\":37,\"text\":\"$1,133,736\"},{\"bbox\":[514.6,288.0,554.6,298.5],\"lines\":[{\"bbox\":[514.6,288.0,554.6,298.5],\"text\":\"1,113,630\"}],\"order\":38,\"text\":\"1,113,630\"},{\"bbox\":[31.2,410.3,81.3,427.0],\"lines\":[{\"bbox\":[31.2,410.3,81.3,427.0],\"text\":\"NOTE 5\"}],\"order\":39,\"text\":\"NOTE 5\"},{\"bbox\":[31.2,427.1,272.4,440.2],\"lines\":[{\"bbox\":[31.2,427.1,272.4,440.2],\"text\":\"Goodwill and Other Intangible Assets\"}],\"order\":40,\"text\":\"Goodwill and Other Intangible Assets\"},{\"bbox\":[31.2,445.7,555.9,478.2],\"lines\":[{\"bbox\":[31.2,445.7,555.9,456.2],\"text\":\"The Company conducted its annual impairment assessment in the fourth quarter of 2012 and determined the fair values of its reporting units\"},{\"bbox\":[31.2,456.7,364.8,467.2],\"text\":\"and trademarks exceeded their carrying values. As a result, no impairment was indicated.\"},{\"bbox\":[40.2,467.7,296.2,478.2],\"text\":\"The following table summarizes the components of intangible assets:\"}],\"order\":41,\"text\":\"The Company conducted its annual impairment assessment in the fourth quarter of 2012 and determined the fair values of its reporting units\\nand trademarks exceeded their carrying values. As a result, no impairment was indicated.\\nThe following table summarizes the components of intangible assets:\"},{\"bbox\":[31.2,484.7,65.3,495.2],\"lines\":[{\"bbox\":[31.2,484.7,65.3,495.2],\"text\":\"Goodwill:\"}],\"order\":42,\"text\":\"Goodwill:\"},{\"bbox\":[31.2,495.7,44.7,505.0],\"lines\":[{\"bbox\":[31.2,495.7,44.7,505.0],\"text\":\"\\t\\t\\t\"}],\"order\":43,\"text\":\"\\t\\t\\t\"},{\"bbox\":[310.0,495.7,338.4,505.0],\"lines\":[{\"bbox\":[310.0,495.7,338.4,505.0],\"text\":\"Mohawk\"}],\"order\":44,\"text\":\"Mohawk\"},{\"bbox\":[382.7,495.7,407.7,505.0],\"lines\":[{\"bbox\":[382.7,495.7,407.7,505.0],\"text\":\"Dal-Tile\"}],\"order\":45,\"text\":\"Dal-Tile\"},{\"bbox\":[457.2,495.7,477.2,505.0],\"lines\":[{\"bbox\":[457.2,495.7,477.2,505.0],\"text\":\"Unilin\"}],\"order\":46,\"text\":\"Unilin\"},{\"bbox\":[531.3,495.7,547.1,505.0],\"lines\":[{\"bbox\":[531.3,495.7,547.1,505.0],\"text\":\"Total\"}],\"order\":47,\"text\":\"Total\"},{\"bbox\":[302.5,520.7,346.2,543.2],\"lines\":[{\"bbox\":[302.5,520.7,341.5,531.2],\"text\":\"$   \"},{\"bbox\":[310.7,520.7,343.2,531.2],\"text\":\"199,132\"},{\"bbox\":[307.7,532.7,346.2,543.2],\"text\":\"(199,132)\"}],\"order\":48,\"text\":\"$   \\n199,132\\n(199,132)\"},{\"bbox\":[375.2,520.7,418.2,543.2],\"lines\":[{\"bbox\":[375.2,520.7,415.2,531.2],\"text\":\"1,186,913\"},{\"bbox\":[379.7,532.7,418.2,543.2],\"text\":\"(531,930)\"}],\"order\":49,\"text\":\"1,186,913\\n(531,930)\"},{\"bbox\":[447.2,520.7,490.2,543.2],\"lines\":[{\"bbox\":[447.2,520.7,487.2,531.2],\"text\":\"1,310,774\"},{\"bbox\":[451.7,532.7,490.2,543.2],\"text\":\"(596,363)\"}],\"order\":50,\"text\":\"1,310,774\\n(596,363)\"},{\"bbox\":[516.2,520.7,562.2,543.2],\"lines\":[{\"bbox\":[519.2,520.7,559.2,531.2],\"text\":\"2,696,819\"},{\"bbox\":[516.2,532.7,562.2,543.2],\"text\":\"(1,327,425)\"}],\"order\":51,\"text\":\"2,696,819\\n(1,327,425)\"},{\"bbox\":[31.2,546.7,187.7,557.2],\"lines\":[{\"bbox\":[31.2,546.7,187.7,557.2],\"text\":\"\\t\\t\\t\\t\\t\\t\\t\"}],\"order\":52,\"text\":\"\\t\\t\\t\\t\\t\\t\\t\"},{\"bbox\":[334.2,546.7,343.2,557.2],\"lines\":[{\"bbox\":[334.2,546.7,343.2,557.2],\"text\":\"—\"}],\"order\":53,\"text\":\"—\"},{\"bbox\":[382.7,546.7,415.2,557.2],\"lines\":[{\"bbox\":[382.7,546.7,415.2,557.2],\"text\":\"654,983\"}],\"order\":54,\"text\":\"654,983\"},{\"bbox\":[454.7,546.7,487.2,557.2],\"lines\":[{\"bbox\":[454.7,546.7,487.2,557.2],\"text\":\"714,411\"}],\"order\":55,\"text\":\"714,411\"},{\"bbox\":[519.2,546.7,559.2,557.2],\"lines\":[{\"bbox\":[519.2,546.7,559.2,557.2],\"text\":\"1,369,394\"}],\"order\":56,\"text\":\"1,369,394\"},{\"bbox\":[31.2,560.7,185.4,583.2],\"lines\":[{\"bbox\":[31.2,560.7,185.4,571.2],\"text\":\"\\t\\t Goodwill recognized during the year\\t\\t\"},{\"bbox\":[31.2,572.7,185.4,583.2],\"text\":\"\\t\\t Currency translation during the year\\t\\t\"}],\"order\":57,\"text\":\"\\t\\t Goodwill recognized during the year\\t\\t\\n\\t\\t Currency translation during the year\\t\\t\"},{\"bbox\":[334.2,560.7,343.2,583.2],\"lines\":[{\"bbox\":[334.2,560.7,343.2,571.2],\"text\":\"—\"},{\"bbox\":[334.2,572.7,343.2,583.2],\"text\":\"—\"}],\"order\":58,\"text\":\"—\\n—\"},{\"bbox\":[406.2,560.7,415.2,583.2],\"lines\":[{\"bbox\":[406.2,560.7,415.2,571.2],\"text\":\"—\"},{\"bbox\":[406.2,572.7,415.2,583.2],\"text\":\"—\"}],\"order\":59,\"text\":\"—\\n—\"},{\"bbox\":[456.7,560.7,490.2,583.2],\"lines\":[{\"bbox\":[459.7,560.7,487.2,571.2],\"text\":\"19,066\"},{\"bbox\":[456.7,572.7,490.2,583.2],\"text\":\"(13,285)\"}],\"order\":60,\"text\":\"19,066\\n(13,285)\"},{\"bbox\":[528.7,560.7,562.2,583.2],\"lines\":[{\"bbox\":[531.7,560.7,559.2,571.2],\"text\":\"19,066\"},{\"bbox\":[528.7,572.7,562.2,583.2],\"text\":\"(13,285)\"}],\"order\":61,\"text\":\"19,066\\n(13,285)\"},{\"bbox\":[307.7,600.7,346.2,623.2],\"lines\":[{\"bbox\":[310.7,600.7,343.2,611.2],\"text\":\"199,132\"},{\"bbox\":[307.7,612.7,346.2,623.2],\"text\":\"(199,132)\"}],\"order\":62,\"text\":\"199,132\\n(199,132)\"},{\"bbox\":[375.2,600.7,418.2,623.2],\"lines\":[{\"bbox\":[375.2,600.7,415.2,611.2],\"text\":\"1,186,913\"},{\"bbox\":[379.7,612.7,418.2,623.2],\"text\":\"(531,930)\"}],\"order\":63,\"text\":\"1,186,913\\n(531,930)\"},{\"bbox\":[447.2,600.7,490.2,623.2],\"lines\":[{\"bbox\":[447.2,600.7,487.2,611.2],\"text\":\"1,316,555\"},{\"bbox\":[451.7,612.7,490.2,623.2],\"text\":\"(596,363)\"}],\"order\":64,\"text\":\"1,316,555\\n(596,363)\"},{\"bbox\":[516.2,600.7,562.2,623.2],\"lines\":[{\"bbox\":[519.2,600.7,559.2,611.2],\"text\":\"2,702,600\"},{\"bbox\":[516.2,612.7,562.2,623.2],\"text\":\"(1,327,425)\"}],\"order\":65,\"text\":\"2,702,600\\n(1,327,425)\"},{\"bbox\":[31.2,626.7,187.7,637.2],\"lines\":[{\"bbox\":[31.2,626.7,187.7,637.2],\"text\":\"\\t\\t\\t\\t\\t\\t\\t\"}],\"order\":66,\"text\":\"\\t\\t\\t\\t\\t\\t\\t\"},{\"bbox\":[334.2,626.7,343.2,637.2],\"lines\":[{\"bbox\":[334.2,626.7,343.2,637.2],\"text\":\"—\"}],\"order\":67,\"text\":\"—\"},{\"bbox\":[382.7,626.7,415.2,637.2],\"lines\":[{\"bbox\":[382.7,626.7,415.2,637.2],\"text\":\"654,983\"}],\"order\":68,\"text\":\"654,983\"},{\"bbox\":[454.7,626.7,487.2,637.2],\"lines\":[{\"bbox\":[454.7,626.7,487.2,637.2],\"text\":\"720,192\"}],\"order\":69,\"text\":\"720,192\"},{\"bbox\":[519.2,626.7,559.2,637.2],\"lines\":[{\"bbox\":[519.2,626.7,559.2,637.2],\"text\":\"1,375,175\"}],\"order\":70,\"text\":\"1,375,175\"},{\"bbox\":[31.2,640.7,185.4,651.2],\"lines\":[{\"bbox\":[31.2,640.7,185.4,651.2],\"text\":\"\\t\\t Currency translation during the year\\t\\t\"}],\"order\":71,\"text\":\"\\t\\t Currency translation during the year\\t\\t\"},{\"bbox\":[334.2,640.7,343.2,651.2],\"lines\":[{\"bbox\":[334.2,640.7,343.2,651.2],\"text\":\"—\"}],\"order\":72,\"text\":\"—\"},{\"bbox\":[406.2,640.7,415.2,651.2],\"lines\":[{\"bbox\":[406.2,640.7,415.2,651.2],\"text\":\"—\"}],\"order\":73,\"text\":\"—\"},{\"bbox\":[459.7,640.7,487.2,651.2],\"lines\":[{\"bbox\":[459.7,640.7,487.2,651.2],\"text\":\"10,596\"}],\"order\":74,\"text\":\"10,596\"},{\"bbox\":[531.7,640.7,559.2,651.2],\"lines\":[{\"bbox\":[531.7,640.7,559.2,651.2],\"text\":\"10,596\"}],\"order\":75,\"text\":\"10,596\"},{\"bbox\":[31.2,656.7,187.7,691.2],\"lines\":[{\"bbox\":[31.2,656.7,165.0,667.2],\"text\":\"Balances as of December 31, 2012\"},{\"bbox\":[31.2,668.7,187.7,679.2],\"text\":\"\\t\\tGoodwill\\t\\t\\t\"},{\"bbox\":[31.2,680.7,185.4,691.2],\"text\":\"\\t\\t Accumulated impairments losses\\t\\t\"}],\"order\":76,\"text\":\"Balances as of December 31, 2012\\n\\t\\tGoodwill\\t\\t\\t\\n\\t\\t Accumulated impairments losses\\t\\t\"},{\"bbox\":[304.5,668.6,346.2,691.3],\"lines\":[{\"bbox\":[307.5,668.6,343.2,679.3],\"text\":\"199,132\"},{\"bbox\":[304.5,680.6,346.2,691.3],\"text\":\"(199,132)\"}],\"order\":77,\"text\":\"199,132\\n(199,132)\"},{\"bbox\":[371.2,668.6,418.2,691.3],\"lines\":[{\"bbox\":[371.2,668.6,415.2,679.3],\"text\":\"1,186,913\"},{\"bbox\":[376.5,680.6,418.2,691.3],\"text\":\"(531,930)\"}],\"order\":78,\"text\":\"1,186,913\\n(531,930)\"},{\"bbox\":[443.2,668.6,490.2,691.3],\"lines\":[{\"bbox\":[443.2,668.6,487.2,679.3],\"text\":\"1,327,151\"},{\"bbox\":[448.5,680.6,490.2,691.3],\"text\":\"(596,363)\"}],\"order\":79,\"text\":\"1,327,151\\n(596,363)\"},{\"bbox\":[512.2,668.6,562.2,691.3],\"lines\":[{\"bbox\":[515.2,668.6,559.2,679.3],\"text\":\"2,713,196\"},{\"bbox\":[512.2,680.6,562.2,691.3],\"text\":\"(1,327,425)\"}],\"order\":80,\"text\":\"2,713,196\\n(1,327,425)\"},{\"bbox\":[31.2,694.7,187.7,705.2],\"lines\":[{\"bbox\":[31.2,694.7,187.7,705.2],\"text\":\"\\t\\t\\t\\t\\t\\t\\t\"}],\"order\":81,\"text\":\"\\t\\t\\t\\t\\t\\t\\t\"},{\"bbox\":[299.2,694.6,343.2,705.3],\"lines\":[{\"bbox\":[299.2,694.6,343.2,705.3],\"text\":\"$       —\"}],\"order\":82,\"text\":\"$       —\"},{\"bbox\":[379.5,694.6,415.2,705.3],\"lines\":[{\"bbox\":[379.5,694.6,415.2,705.3],\"text\":\"654,983\"}],\"order\":83,\"text\":\"654,983\"},{\"bbox\":[451.5,694.6,487.2,705.3],\"lines\":[{\"bbox\":[451.5,694.6,487.2,705.3],\"text\":\"730,788\"}],\"order\":84,\"text\":\"730,788\"},{\"bbox\":[515.2,694.6,559.2,705.3],\"lines\":[{\"bbox\":[515.2,694.6,559.2,705.3],\"text\":\"1,385,771\"}],\"order\":85,\"text\":\"1,385,771\"},{\"bbox\":[31.2,508.7,215.2,543.2],\"lines\":[{\"bbox\":[31.2,508.7,165.0,519.2],\"text\":\"Balances as of December 31, 2010\"},{\"bbox\":[31.2,520.7,67.7,531.2],\"text\":\"\\t\\t\"},{\"bbox\":[40.2,520.7,215.2,531.2],\"text\":\"Goodwill\\t\\t\\t\"},{\"bbox\":[31.2,532.7,185.4,543.2],\"text\":\"\\t\\t Accumulated impairments losses\\t\\t\"}],\"order\":86,\"text\":\"Balances as of December 31, 2010\\n\\t\\t\\nGoodwill\\t\\t\\t\\n\\t\\t Accumulated impairments losses\\t\\t\"},{\"bbox\":[31.2,588.7,215.2,623.2],\"lines\":[{\"bbox\":[31.2,588.7,165.0,599.2],\"text\":\"Balances as of December 31, 2011\"},{\"bbox\":[31.2,600.7,67.7,611.2],\"text\":\"\\t\\t\"},{\"bbox\":[40.2,600.7,215.2,611.2],\"text\":\"Goodwill\\t\\t\\t\"},{\"bbox\":[31.2,612.7,185.4,623.2],\"text\":\"\\t\\t Accumulated impairments losses\\t\\t\"}],\"order\":87,\"text\":\"Balances as of December 31, 2011\\n\\t\\t\\nGoodwill\\t\\t\\t\\n\\t\\t Accumulated impairments losses\\t\\t\"},{\"bbox\":[40.2,717.7,495.9,728.2],\"lines\":[{\"bbox\":[40.2,717.7,495.9,728.2],\"text\":\"During 2011, the Company recorded additional goodwill of $19,066 in the Unilin segment related to business acquisitions.\"}],\"order\":88,\"text\":\"During 2011, the Company recorded additional goodwill of $19,066 in the Unilin segment related to business acquisitions.\"},{\"bbox\":[31.2,741.9,43.0,754.0],\"lines\":[{\"bbox\":[31.2,741.9,43.0,754.0],\"text\":\"32\"}],\"order\":89,\"text\":\"32\"},{\"bbox\":[31.2,753.3,97.4,762.6],\"lines\":[{\"bbox\":[31.2,753.3,97.4,762.6],\"text\":\"Mohawk Industries, Inc.\"}],\"order\":90,\"text\":\"Mohawk Industries, Inc.\"}],\"doc\":\"fintabnet:MHK_2012\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"On January 10, 2013, the Company completed its purchase\\nof Pergo, a leading manufacturer of laminate flooring in the United\\nStates and the Nordic countries. The total value of the acquisition\\nwas approximately $150 million in cash.\\nOn December 20, 2012, the Company entered into a definitive\\nshare purchase agreement to acquire Fintiles S.p.A and its sub­\\nsidiaries (collectively, the “Marazzi Group”), a global manufacturer,\\ndistributor and marketer of ceramic tile. At the closing of the\\n­transaction, the Company will pay a purchase price based on an\\nenterprise value of €1.17 billion. The Company expects to complete the\\ntransaction in the first half of 2013 pending customary ­governmental\\napprovals and the satisfaction of other closing conditions.\\nOn January 28, 2013 the Company entered into an agreement to\\npurchase Spano Invest NV, a Belgian panel board manufacturer, for\\n€125 million. The Company expects to complete the transaction in\\nthe second half of 2013 pending customary governmental approvals\\nand the satisfaction of other closing conditions.\\n\\nNOTE 3\\n\\nReceivables\\n\\n\\t\\t\\t\\n\\t\\t\\t\\n\\nDecember 31,\\n2012\\n\\nDecember 31,\\n2011\\n\\nCustomers, trade\\nIncome tax receivable\\nOther\\n\\n$691,553\\n—\\n25,793\\n\\n696,856\\n1,703\\n31,311\\n\\n\\t\\t\\t\\t\\t\\nLess allowance for discounts,\\n\\treturns, claims and doubtful\\naccounts\\n\\n717,346\\n\\n729,870\\n\\n37,873\\n\\n43,705\\n\\nReceivables, net\\n\\n$679,473\\n\\n686,165\\n\\nThe following table reflects the activity of allowances for\\n­discounts, returns, claims and doubtful accounts for the years\\nended December 31:\\n\\n\\t\\t\\t\\t\\n\\t\\t\\t\\nBalance at\\n\\t\\t\\t\\nbeginning\\n\\t\\t\\t\\nof year\\n\\nAdditions\\ncharged to\\t\\t\\ncosts\\t\\t\\nexpenses Deductions (1)\\n\\nBalance\\nat end\\nof year\\n\\n2010\\n2011\\n2012\\n\\n170,274\\n161,073\\n180,616\\n\\n45,755\\n43,705\\n37,873\\n\\n$62,809\\n45,755\\n43,705\\n\\n187,328\\n163,123\\n186,448\\n\\n(1) Represents charge-offs, net of recoveries.\\n\\nNOTE 4\\n\\nInventories\\n\\nThe components of inventories are as follows:\\n\\n\\t\\t\\t\\n\\t\\t\\t\\n\\nDecember 31,\\n2012\\n\\nDecember 31,\\n2011\\n\\nFinished goods\\nWork in process\\nRaw materials\\n\\n$  695,606\\n103,685\\n334,445\\n\\n670,877\\n113,311\\n329,442\\n\\nTotal inventories\\n\\n$1,133,736\\n\\n1,113,630\\n\\nNOTE 5\\n\\nGoodwill and Other Intangible Assets\\n\\nThe Company conducted its annual impairment assessment in the fourth quarter of 2012 and determined the fair values of its reporting units\\nand trademarks exceeded their carrying values. As a result, no impairment was indicated.\\nThe following table summarizes the components of intangible assets:\\n\\nGoodwill:\\n\\n\\t\\t\\t\\n\\nMohawk\\n\\nDal-Tile\\n\\nUnilin\\n\\nTotal\\n\\n$   \\n199,132\\n(199,132)\\n\\n1,186,913\\n(531,930)\\n\\n1,310,774\\n(596,363)\\n\\n2,696,819\\n(1,327,425)\\n\\n\\t\\t\\t\\t\\t\\t\\t\\n\\n—\\n\\n654,983\\n\\n714,411\\n\\n1,369,394\\n\\n\\t\\t Goodwill recognized during the year\\t\\t\\n\\t\\t Currency translation during the year\\t\\t\\n\\n—\\n—\\n\\n—\\n—\\n\\n19,066\\n(13,285)\\n\\n19,066\\n(13,285)\\n\\n199,132\\n(199,132)\\n\\n1,186,913\\n(531,930)\\n\\n1,316,555\\n(596,363)\\n\\n2,702,600\\n(1,327,425)\\n\\n\\t\\t\\t\\t\\t\\t\\t\\n\\n—\\n\\n654,983\\n\\n720,192\\n\\n1,375,175\\n\\n\\t\\t Currency translation during the year\\t\\t\\n\\n—\\n\\n—\\n\\n10,596\\n\\n10,596\\n\\nBalances as of December 31, 2012\\n\\t\\tGoodwill\\t\\t\\t\\n\\t\\t Accumulated impairments losses\\t\\t\\n\\n199,132\\n(199,132)\\n\\n1,186,913\\n(531,930)\\n\\n1,327,151\\n(596,363)\\n\\n2,713,196\\n(1,327,425)\\n\\n\\t\\t\\t\\t\\t\\t\\t\\n\\n$       —\\n\\n654,983\\n\\n730,788\\n\\n1,385,771\\n\\nBalances as of December 31, 2010\\n\\t\\t\\nGoodwill\\t\\t\\t\\n\\t\\t Accumulated impairments losses\\t\\t\\n\\nBalances as of December 31, 2011\\n\\t\\t\\nGoodwill\\t\\t\\t\\n\\t\\t Accumulated impairments losses\\t\\t\\n\\nDuring 2011, the Company recorded additional goodwill of $19,066 in the Unilin segment related to business acquisitions.\\n\\n32\\n\\nMohawk Industries, Inc.\",\"name\":\"fintabnet.MHK_2012_page_44__72dpi_none\",\"page_id\":\"fintabnet.MHK_2012_page_44\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"MHK_2012_page_44\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[312.6,73.5,556.4,151.1],\"block_orders\":[18,19,20,21,22,23,24,25],\"cells\":null},{\"bbox\":[31.2,272.4,281.3,395.1],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16],\"cells\":null},{\"bbox\":[31.2,495.7,562.2,705.3],\"block_orders\":[43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87],\"cells\":null},{\"bbox\":[312.6,225.9,560.7,298.6],\"block_orders\":[30,31,32,33,34,35,36,37,38],\"cells\":null}],\"text\":\"On January 10, 2013, the Company completed its purchase\\nof Pergo, a leading manufacturer of laminate flooring in the United\\nStates and the Nordic countries. The total value of the acquisition\\nwas approximately $150 million in cash.\\nOn December 20, 2012, the Company entered into a definitive\\nshare purchase agreement to acquire Fintiles S.p.A and its sub­\\nsidiaries (collectively, the “Marazzi Group”), a global manufacturer,\\ndistributor and marketer of ceramic tile. At the closing of the\\n­transaction, the Company will pay a purchase price based on an\\nenterprise value of €1.17 billion. The Company expects to complete the\\ntransaction in the first half of 2013 pending customary ­governmental\\napprovals and the satisfaction of other closing conditions.\\nOn January 28, 2013 the Company entered into an agreement to\\npurchase Spano Invest NV, a Belgian panel board manufacturer, for\\n€125 million. The Company expects to complete the transaction in\\nthe second half of 2013 pending customary governmental approvals\\nand the satisfaction of other closing conditions.\\n\\nNOTE 3\\n\\nReceivables\\n\\n\\t\\t\\t\\n\\t\\t\\t\\n\\nDecember 31,\\n2012\\n\\nDecember 31,\\n2011\\n\\nCustomers, trade\\nIncome tax receivable\\nOther\\n\\n$691,553\\n—\\n25,793\\n\\n696,856\\n1,703\\n31,311\\n\\n\\t\\t\\t\\t\\t\\nLess allowance for discounts,\\n\\treturns, claims and doubtful\\naccounts\\n\\n717,346\\n\\n729,870\\n\\n37,873\\n\\n43,705\\n\\nReceivables, net\\n\\n$679,473\\n\\n686,165\\n\\nThe following table reflects the activity of allowances for\\n­discounts, returns, claims and doubtful accounts for the years\\nended December 31:\\n\\n\\t\\t\\t\\t\\n\\t\\t\\t\\nBalance at\\n\\t\\t\\t\\nbeginning\\n\\t\\t\\t\\nof year\\n\\nAdditions\\ncharged to\\t\\t\\ncosts\\t\\t\\nexpenses Deductions (1)\\n\\nBalance\\nat end\\nof year\\n\\n2010\\n2011\\n2012\\n\\n170,274\\n161,073\\n180,616\\n\\n45,755\\n43,705\\n37,873\\n\\n$62,809\\n45,755\\n43,705\\n\\n187,328\\n163,123\\n186,448\\n\\n(1) Represents charge-offs, net of recoveries.\\n\\nNOTE 4\\n\\nInventories\\n\\nThe components of inventories are as follows:\\n\\n\\t\\t\\t\\n\\t\\t\\t\\n\\nDecember 31,\\n2012\\n\\nDecember 31,\\n2011\\n\\nFinished goods\\nWork in process\\nRaw materials\\n\\n$  695,606\\n103,685\\n334,445\\n\\n670,877\\n113,311\\n329,442\\n\\nTotal inventories\\n\\n$1,133,736\\n\\n1,113,630\\n\\nNOTE 5\\n\\nGoodwill and Other Intangible Assets\\n\\nThe Company conducted its annual impairment assessment in the fourth quarter of 2012 and determined the fair values of its reporting units\\nand trademarks exceeded their carrying values. As a result, no impairment was indicated.\\nThe following table summarizes the components of intangible assets:\\n\\nGoodwill:\\n\\n\\t\\t\\t\\n\\nMohawk\\n\\nDal-Tile\\n\\nUnilin\\n\\nTotal\\n\\n$   \\n199,132\\n(199,132)\\n\\n1,186,913\\n(531,930)\\n\\n1,310,774\\n(596,363)\\n\\n2,696,819\\n(1,327,425)\\n\\n\\t\\t\\t\\t\\t\\t\\t\\n\\n—\\n\\n654,983\\n\\n714,411\\n\\n1,369,394\\n\\n\\t\\t Goodwill recognized during the year\\t\\t\\n\\t\\t Currency translation during the year\\t\\t\\n\\n—\\n—\\n\\n—\\n—\\n\\n19,066\\n(13,285)\\n\\n19,066\\n(13,285)\\n\\n199,132\\n(199,132)\\n\\n1,186,913\\n(531,930)\\n\\n1,316,555\\n(596,363)\\n\\n2,702,600\\n(1,327,425)\\n\\n\\t\\t\\t\\t\\t\\t\\t\\n\\n—\\n\\n654,983\\n\\n720,192\\n\\n1,375,175\\n\\n\\t\\t Currency translation during the year\\t\\t\\n\\n—\\n\\n—\\n\\n10,596\\n\\n10,596\\n\\nBalances as of December 31, 2012\\n\\t\\tGoodwill\\t\\t\\t\\n\\t\\t Accumulated impairments losses\\t\\t\\n\\n199,132\\n(199,132)\\n\\n1,186,913\\n(531,930)\\n\\n1,327,151\\n(596,363)\\n\\n2,713,196\\n(1,327,425)\\n\\n\\t\\t\\t\\t\\t\\t\\t\\n\\n$       —\\n\\n654,983\\n\\n730,788\\n\\n1,385,771\\n\\nBalances as of December 31, 2010\\n\\t\\t\\nGoodwill\\t\\t\\t\\n\\t\\t Accumulated impairments losses\\t\\t\\n\\nBalances as of December 31, 2011\\n\\t\\t\\nGoodwill\\t\\t\\t\\n\\t\\t Accumulated impairments losses\\t\\t\\n\\nDuring 2011, the Company recorded additional goodwill of $19,066 in the Unilin segment related to business acquisitions.\\n\\n32\\n\\nMohawk Industries, Inc.\"},\"name\":\"fintabnet.MHK_2012_page_44__72dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":48524,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:MHK_2012\",\"dpi\":72,\"gt_sha256\":\"2c2b9b8d344983d4c8e8d2a38d5f74b61919f56ed9b4e33e11864ba19b4f3e98\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MHK_2012_page_44__72dpi_none\",\"page\":1,\"page_id\":\"fintabnet.MHK_2012_page_44\",\"pdf_sha256\":\"0378d4f39409d990d5e8080abe3f98a5c9124689a1ed09dc07aa17fafc724ab3\",\"px\":[612,792],\"scan\":{\"render\":\"00007e307ebe7e00400000ce6200620000007f8070ae782a70ae70005f78ffff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"MHK_2012_page_44\",\"src\":{\"file_sha256\":\"054234d032dd938867516577943386f9acde72b2c10d8dc8c4ccab777e935ed6\",\"render\":\"00007e007e3e7e00400002de6200720040007f0070aa78be78fe70007ffcffff\",\"text\":\"406085566d84b70c2374f0d0541eddbf44435c8f9c25dca4916165374f69698b\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"0378d4f39409d990d5e8080abe3f98a5c9124689a1ed09dc07aa17fafc724ab3\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/0378d4f39409d990d5e8080abe3f98a5c9124689a1ed09dc07aa17fafc724ab3.pdf","asset_sha256":"0378d4f39409d990d5e8080abe3f98a5c9124689a1ed09dc07aa17fafc724ab3","document_id":"fintabnet:MHK_2012","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MHK_2012_page_44\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MOS_2013_page_61\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:MOS_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[47.0,64.2,288.8,81.4],\"lines\":[{\"bbox\":[47.0,64.2,288.8,81.4],\"text\":\"A reconciliation of our AROs is as follows:\"}],\"order\":0,\"text\":\"A reconciliation of our AROs is as follows:\"},{\"bbox\":[575.8,105.4,596.8,123.4],\"lines\":[{\"bbox\":[575.8,105.4,596.8,123.4],\"text\":\"2013\"}],\"order\":1,\"text\":\"2013\"},{\"bbox\":[312.7,107.8,364.2,125.2],\"lines\":[{\"bbox\":[312.7,107.8,364.2,125.2],\"text\":\"(in millions)\"}],\"order\":2,\"text\":\"(in millions)\"},{\"bbox\":[142.5,129.2,331.1,214.3],\"lines\":[{\"bbox\":[142.5,129.6,282.1,146.1],\"text\":\"AROs, beginning of year\"},{\"bbox\":[142.6,147.0,248.6,163.3],\"text\":\"Liabilities incurred\"},{\"bbox\":[142.7,164.0,238.7,180.3],\"text\":\"Liabilities settled\"},{\"bbox\":[142.8,181.0,245.8,197.3],\"text\":\"Accretion expense\"},{\"bbox\":[142.9,197.4,331.1,214.3],\"text\":\"Revisions in estimated cash flows\"}],\"order\":3,\"text\":\"AROs, beginning of year\\nLiabilities incurred\\nLiabilities settled\\nAccretion expense\\nRevisions in estimated cash flows\"},{\"bbox\":[549.4,127.8,556.4,143.5],\"lines\":[{\"bbox\":[549.4,127.8,556.4,143.5],\"text\":\"$\"}],\"order\":4,\"text\":\"$\"},{\"bbox\":[143.1,220.4,255.2,253.8],\"lines\":[{\"bbox\":[143.1,220.5,247.2,236.8],\"text\":\"AROs, end of year\"},{\"bbox\":[143.2,237.4,255.2,253.8],\"text\":\"Less current portion\"}],\"order\":5,\"text\":\"AROs, end of year\\nLess current portion\"},{\"bbox\":[610.1,87.6,646.2,105.7],\"lines\":[{\"bbox\":[610.1,87.6,646.2,105.7],\"text\":\"May 31,\"}],\"order\":6,\"text\":\"May 31,\"},{\"bbox\":[581.9,127.4,618.4,211.4],\"lines\":[{\"bbox\":[581.9,127.4,613.4,143.2],\"text\":\"600.3\"},{\"bbox\":[589.0,144.6,613.6,160.4],\"text\":\"38.7\"},{\"bbox\":[584.5,161.6,618.2,177.4],\"text\":\"(73.2)\"},{\"bbox\":[589.3,178.6,613.8,194.4],\"text\":\"33.3\"},{\"bbox\":[589.4,195.6,613.9,211.4],\"text\":\"59.4\"}],\"order\":7,\"text\":\"600.3\\n38.7\\n(73.2)\\n33.3\\n59.4\"},{\"bbox\":[633.4,127.2,640.5,142.9],\"lines\":[{\"bbox\":[633.4,127.2,640.5,142.9],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[582.5,218.1,614.2,250.9],\"lines\":[{\"bbox\":[582.5,218.1,614.1,233.9],\"text\":\"658.5\"},{\"bbox\":[589.7,235.1,614.2,250.9],\"text\":\"83.5\"}],\"order\":9,\"text\":\"658.5\\n83.5\"},{\"bbox\":[550.3,258.2,557.3,273.8],\"lines\":[{\"bbox\":[550.3,258.2,557.3,273.8],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[582.8,257.8,614.3,273.6],\"lines\":[{\"bbox\":[582.8,257.8,614.3,273.6],\"text\":\"575.0\"}],\"order\":11,\"text\":\"575.0\"},{\"bbox\":[659.8,104.8,680.8,122.8],\"lines\":[{\"bbox\":[659.8,104.8,680.8,122.8],\"text\":\"2012\"}],\"order\":12,\"text\":\"2012\"},{\"bbox\":[668.1,126.8,704.6,210.8],\"lines\":[{\"bbox\":[668.1,126.8,699.6,142.6],\"text\":\"573.1\"},{\"bbox\":[675.2,144.0,699.8,159.8],\"text\":\"27.8\"},{\"bbox\":[670.7,161.0,704.4,176.8],\"text\":\"(98.4)\"},{\"bbox\":[675.5,178.0,700.0,193.8],\"text\":\"32.4\"},{\"bbox\":[675.6,195.0,700.1,210.8],\"text\":\"65.4\"}],\"order\":13,\"text\":\"573.1\\n27.8\\n(98.4)\\n32.4\\n65.4\"},{\"bbox\":[668.7,217.5,700.4,250.3],\"lines\":[{\"bbox\":[668.7,217.5,700.3,233.3],\"text\":\"600.3\"},{\"bbox\":[675.9,234.5,700.4,250.3],\"text\":\"87.0\"}],\"order\":14,\"text\":\"600.3\\n87.0\"},{\"bbox\":[634.3,257.6,641.4,273.3],\"lines\":[{\"bbox\":[634.3,257.6,641.4,273.3],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[669.0,257.2,700.5,273.0],\"lines\":[{\"bbox\":[669.0,257.2,700.5,273.0],\"text\":\"513.3\"}],\"order\":16,\"text\":\"513.3\"},{\"bbox\":[48.6,289.1,585.9,316.3],\"lines\":[{\"bbox\":[48.6,289.1,585.9,316.3],\"text\":\"15. ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES\"}],\"order\":17,\"text\":\"15. ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES\"},{\"bbox\":[48.8,321.7,776.4,406.4],\"lines\":[{\"bbox\":[48.8,321.7,775.5,342.3],\"text\":\"We are exposed to the impact of fluctuations in the relative value of currencies, the impact of fluctuations in the purchase prices of\"},{\"bbox\":[48.9,337.8,766.5,358.4],\"text\":\"natural gas and ammonia consumed in operations, changes in freight costs as well as changes in the market value of our financial\"},{\"bbox\":[49.0,353.9,742.4,374.4],\"text\":\"instruments. We periodically enter into derivatives in order to mitigate our foreign currency risks and the effects of changing\"},{\"bbox\":[49.1,369.7,776.3,390.4],\"text\":\"commodity and freight prices, but not for speculative purposes. Subsequent to May 31, 2013 we have entered into forward-starting\"},{\"bbox\":[49.2,388.3,403.9,406.4],\"text\":\"interest rate swaps in anticipation of the future issuance of debt.\"}],\"order\":18,\"text\":\"We are exposed to the impact of fluctuations in the relative value of currencies, the impact of fluctuations in the purchase prices of\\nnatural gas and ammonia consumed in operations, changes in freight costs as well as changes in the market value of our financial\\ninstruments. We periodically enter into derivatives in order to mitigate our foreign currency risks and the effects of changing\\ncommodity and freight prices, but not for speculative purposes. Subsequent to May 31, 2013 we have entered into forward-starting\\ninterest rate swaps in anticipation of the future issuance of debt.\"},{\"bbox\":[49.4,409.4,795.9,594.6],\"lines\":[{\"bbox\":[49.4,409.4,794.7,437.0],\"text\":\"Foreign Currency Derivatives—We periodically enter into derivatives contracts in order to reduce our foreign currency exchange rate\"},{\"bbox\":[49.5,430.0,783.4,450.7],\"text\":\"risk. We use forward contracts, zero-cost collars and futures, which typically expire within one year, to reduce the impact of foreign\"},{\"bbox\":[49.7,446.0,782.6,466.7],\"text\":\"currency exchange risk in our cash flows, not the foreign currency volatility in our earnings. One of the primary currency exposures\"},{\"bbox\":[49.8,462.2,752.7,482.7],\"text\":\"relates to several of our Canadian entities, whose sales are denominated in U.S. dollars, but whose costs are paid principally in\"},{\"bbox\":[49.9,478.0,795.3,498.7],\"text\":\"Canadian dollars, which is their functional currency. Our Canadian businesses generally hedge a portion of the currency risk exposure\"},{\"bbox\":[50.0,494.2,765.9,514.8],\"text\":\"on anticipated cash inflows and outflows. Depending on the underlying exposure, such derivatives can create additional earnings\"},{\"bbox\":[50.1,509.9,779.9,530.6],\"text\":\"volatility because we do not use hedge accounting. We hedge certain of these risks through forward contracts and zero-cost collars.\"},{\"bbox\":[50.2,525.9,788.8,546.6],\"text\":\"Our Brazilian operations enter into foreign currency futures traded on the Futures and Commodities Exchange—Brazil Mercantile &\"},{\"bbox\":[50.3,542.0,774.8,562.6],\"text\":\"Futures Exchange—and also enter into forward contracts to hedge foreign currency risk. We hedge a portion of their currency risk\"},{\"bbox\":[50.4,558.0,765.6,578.6],\"text\":\"exposure on anticipated cash inflows and outflows similar to the process in Canada. Our other foreign locations also use forward\"},{\"bbox\":[50.5,577.4,278.8,594.6],\"text\":\"contracts to reduce foreign currency risk.\"}],\"order\":19,\"text\":\"Foreign Currency Derivatives—We periodically enter into derivatives contracts in order to reduce our foreign currency exchange rate\\nrisk. We use forward contracts, zero-cost collars and futures, which typically expire within one year, to reduce the impact of foreign\\ncurrency exchange risk in our cash flows, not the foreign currency volatility in our earnings. One of the primary currency exposures\\nrelates to several of our Canadian entities, whose sales are denominated in U.S. dollars, but whose costs are paid principally in\\nCanadian dollars, which is their functional currency. Our Canadian businesses generally hedge a portion of the currency risk exposure\\non anticipated cash inflows and outflows. Depending on the underlying exposure, such derivatives can create additional earnings\\nvolatility because we do not use hedge accounting. We hedge certain of these risks through forward contracts and zero-cost collars.\\nOur Brazilian operations enter into foreign currency futures traded on the Futures and Commodities Exchange—Brazil Mercantile &\\nFutures Exchange—and also enter into forward contracts to hedge foreign currency risk. We hedge a portion of their currency risk\\nexposure on anticipated cash inflows and outflows similar to the process in Canada. Our other foreign locations also use forward\\ncontracts to reduce foreign currency risk.\"},{\"bbox\":[50.7,597.8,791.5,670.9],\"lines\":[{\"bbox\":[50.7,597.9,780.2,625.3],\"text\":\"Commodity Derivatives—We enter into derivative contracts to reduce the risk of price fluctuation in the purchases of certain of our\"},{\"bbox\":[50.9,618.2,790.8,638.9],\"text\":\"product inputs. Our commodity derivatives contracts primarily relate to purchases of natural gas. We use forward purchase contracts,\"},{\"bbox\":[51.0,634.2,791.4,654.9],\"text\":\"swaps, and three-way collars to reduce these risks. The use of these financial instruments reduces the exposure of these risks with the\"},{\"bbox\":[51.1,653.8,271.3,670.9],\"text\":\"intent to reduce our risk and variability.\"}],\"order\":20,\"text\":\"Commodity Derivatives—We enter into derivative contracts to reduce the risk of price fluctuation in the purchases of certain of our\\nproduct inputs. Our commodity derivatives contracts primarily relate to purchases of natural gas. We use forward purchase contracts,\\nswaps, and three-way collars to reduce these risks. The use of these financial instruments reduces the exposure of these risks with the\\nintent to reduce our risk and variability.\"},{\"bbox\":[51.2,674.1,795.0,731.3],\"lines\":[{\"bbox\":[51.2,674.2,790.9,701.7],\"text\":\"Freight Derivatives—We enter into derivative contracts to reduce the risk of price fluctuation in the purchases of our freight. We use\"},{\"bbox\":[51.4,694.7,794.9,715.4],\"text\":\"forward freight agreements to reduce the risk and variability of related price changes in freight. The use of these financial instruments\"},{\"bbox\":[51.5,712.4,517.0,731.3],\"text\":\"reduces the exposure of these risks with the intent to reduce our risk and variability.\"}],\"order\":21,\"text\":\"Freight Derivatives—We enter into derivative contracts to reduce the risk of price fluctuation in the purchases of our freight. We use\\nforward freight agreements to reduce the risk and variability of related price changes in freight. The use of these financial instruments\\nreduces the exposure of these risks with the intent to reduce our risk and variability.\"},{\"bbox\":[51.7,739.0,797.6,775.8],\"lines\":[{\"bbox\":[51.7,739.0,797.5,759.8],\"text\":\"For additional disclosures about fair value measurement of derivative instruments, see Note 16 of our Notes to Consolidated Financial\"},{\"bbox\":[51.8,759.7,116.2,775.8],\"text\":\"Statements.\"}],\"order\":22,\"text\":\"For additional disclosures about fair value measurement of derivative instruments, see Note 16 of our Notes to Consolidated Financial\\nStatements.\"},{\"bbox\":[52.0,783.8,760.4,804.3],\"lines\":[{\"bbox\":[52.0,783.8,760.4,804.3],\"text\":\"As of May 31, 2013, the following is the total absolute notional volume associated with our outstanding derivative instruments:\"}],\"order\":23,\"text\":\"As of May 31, 2013, the following is the total absolute notional volume associated with our outstanding derivative instruments:\"},{\"bbox\":[56.6,826.2,107.2,844.4],\"lines\":[{\"bbox\":[56.6,826.2,107.2,844.4],\"text\":\"Instrument\"}],\"order\":24,\"text\":\"Instrument\"},{\"bbox\":[187.1,813.8,274.5,831.4],\"lines\":[{\"bbox\":[187.1,813.8,274.5,831.4],\"text\":\"(in millions of Units)\"}],\"order\":25,\"text\":\"(in millions of Units)\"},{\"bbox\":[56.8,847.4,216.7,898.1],\"lines\":[{\"bbox\":[56.8,847.4,216.4,864.1],\"text\":\"Foreign currency derivatives\"},{\"bbox\":[56.9,864.6,184.9,881.1],\"text\":\"Natural gas derivatives\"},{\"bbox\":[57.0,881.6,186.5,898.1],\"text\":\"Ocean freight contracts\"}],\"order\":26,\"text\":\"Foreign currency derivatives\\nNatural gas derivatives\\nOcean freight contracts\"},{\"bbox\":[53.6,1014.8,66.3,1029.0],\"lines\":[{\"bbox\":[53.6,1014.8,66.3,1029.0],\"text\":\"60\"}],\"order\":27,\"text\":\"60\"},{\"bbox\":[426.2,823.4,516.4,841.9],\"lines\":[{\"bbox\":[426.2,823.4,516.4,841.9],\"text\":\"Derivative Category\"}],\"order\":28,\"text\":\"Derivative Category\"},{\"bbox\":[554.2,810.8,593.4,841.0],\"lines\":[{\"bbox\":[558.2,810.9,589.3,828.9],\"text\":\"Unit of\"},{\"bbox\":[554.2,822.8,593.4,841.0],\"text\":\"Measure\"}],\"order\":29,\"text\":\"Unit of\\nMeasure\"},{\"bbox\":[415.0,846.3,513.8,896.6],\"lines\":[{\"bbox\":[415.0,846.3,513.6,862.6],\"text\":\"Foreign Currency\"},{\"bbox\":[415.1,863.6,481.7,879.6],\"text\":\"Commodity\"},{\"bbox\":[415.3,880.8,455.4,896.6],\"text\":\"Freight\"}],\"order\":30,\"text\":\"Foreign Currency\\nCommodity\\nFreight\"},{\"bbox\":[538.1,845.7,600.5,895.8],\"lines\":[{\"bbox\":[538.1,845.7,600.2,861.8],\"text\":\"US Dollars\"},{\"bbox\":[538.2,862.9,580.7,878.8],\"text\":\"MMbtu\"},{\"bbox\":[538.3,879.9,579.3,895.8],\"text\":\"Tonnes\"}],\"order\":31,\"text\":\"US Dollars\\nMMbtu\\nTonnes\"},{\"bbox\":[644.7,810.2,680.9,840.3],\"lines\":[{\"bbox\":[644.7,810.2,680.8,828.3],\"text\":\"May 31,\"},{\"bbox\":[652.3,822.3,673.3,840.3],\"text\":\"2013\"}],\"order\":32,\"text\":\"May 31,\\n2013\"},{\"bbox\":[741.2,809.5,777.4,839.7],\"lines\":[{\"bbox\":[741.2,809.5,777.3,827.7],\"text\":\"May 31,\"},{\"bbox\":[748.8,821.6,769.8,839.6],\"text\":\"2012\"}],\"order\":33,\"text\":\"May 31,\\n2012\"},{\"bbox\":[650.2,844.3,692.4,894.2],\"lines\":[{\"bbox\":[650.2,844.3,692.1,860.2],\"text\":\"1,459.7\"},{\"bbox\":[667.7,861.3,692.2,877.1],\"text\":\"15.2\"},{\"bbox\":[674.8,878.3,692.4,894.0],\"text\":\"1.5\"}],\"order\":34,\"text\":\"1,459.7\\n15.2\\n1.5\"},{\"bbox\":[746.8,843.6,788.9,893.5],\"lines\":[{\"bbox\":[746.8,843.6,788.6,859.5],\"text\":\"1,869.2\"},{\"bbox\":[764.2,860.6,788.8,876.4],\"text\":\"24.3\"},{\"bbox\":[771.4,877.6,788.9,893.3],\"text\":\"2.1\"}],\"order\":35,\"text\":\"1,869.2\\n24.3\\n2.1\"}],\"doc\":\"fintabnet:MOS_2013\",\"dpi\":100,\"image_px\":[851,1101],\"layout\":[],\"markdown\":\"A reconciliation of our AROs is as follows:\\n\\n2013\\n\\n(in millions)\\n\\nAROs, beginning of year\\nLiabilities incurred\\nLiabilities settled\\nAccretion expense\\nRevisions in estimated cash flows\\n\\n$\\n\\nAROs, end of year\\nLess current portion\\n\\nMay 31,\\n\\n600.3\\n38.7\\n(73.2)\\n33.3\\n59.4\\n\\n$\\n\\n658.5\\n83.5\\n\\n$\\n\\n575.0\\n\\n2012\\n\\n573.1\\n27.8\\n(98.4)\\n32.4\\n65.4\\n\\n600.3\\n87.0\\n\\n$\\n\\n513.3\\n\\n15. ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES\\n\\nWe are exposed to the impact of fluctuations in the relative value of currencies, the impact of fluctuations in the purchase prices of\\nnatural gas and ammonia consumed in operations, changes in freight costs as well as changes in the market value of our financial\\ninstruments. We periodically enter into derivatives in order to mitigate our foreign currency risks and the effects of changing\\ncommodity and freight prices, but not for speculative purposes. Subsequent to May 31, 2013 we have entered into forward-starting\\ninterest rate swaps in anticipation of the future issuance of debt.\\n\\nForeign Currency Derivatives—We periodically enter into derivatives contracts in order to reduce our foreign currency exchange rate\\nrisk. We use forward contracts, zero-cost collars and futures, which typically expire within one year, to reduce the impact of foreign\\ncurrency exchange risk in our cash flows, not the foreign currency volatility in our earnings. One of the primary currency exposures\\nrelates to several of our Canadian entities, whose sales are denominated in U.S. dollars, but whose costs are paid principally in\\nCanadian dollars, which is their functional currency. Our Canadian businesses generally hedge a portion of the currency risk exposure\\non anticipated cash inflows and outflows. Depending on the underlying exposure, such derivatives can create additional earnings\\nvolatility because we do not use hedge accounting. We hedge certain of these risks through forward contracts and zero-cost collars.\\nOur Brazilian operations enter into foreign currency futures traded on the Futures and Commodities Exchange—Brazil Mercantile &\\nFutures Exchange—and also enter into forward contracts to hedge foreign currency risk. We hedge a portion of their currency risk\\nexposure on anticipated cash inflows and outflows similar to the process in Canada. Our other foreign locations also use forward\\ncontracts to reduce foreign currency risk.\\n\\nCommodity Derivatives—We enter into derivative contracts to reduce the risk of price fluctuation in the purchases of certain of our\\nproduct inputs. Our commodity derivatives contracts primarily relate to purchases of natural gas. We use forward purchase contracts,\\nswaps, and three-way collars to reduce these risks. The use of these financial instruments reduces the exposure of these risks with the\\nintent to reduce our risk and variability.\\n\\nFreight Derivatives—We enter into derivative contracts to reduce the risk of price fluctuation in the purchases of our freight. We use\\nforward freight agreements to reduce the risk and variability of related price changes in freight. The use of these financial instruments\\nreduces the exposure of these risks with the intent to reduce our risk and variability.\\n\\nFor additional disclosures about fair value measurement of derivative instruments, see Note 16 of our Notes to Consolidated Financial\\nStatements.\\n\\nAs of May 31, 2013, the following is the total absolute notional volume associated with our outstanding derivative instruments:\\n\\nInstrument\\n\\n(in millions of Units)\\n\\nForeign currency derivatives\\nNatural gas derivatives\\nOcean freight contracts\\n\\n60\\n\\nDerivative Category\\n\\nUnit of\\nMeasure\\n\\nForeign Currency\\nCommodity\\nFreight\\n\\nUS Dollars\\nMMbtu\\nTonnes\\n\\nMay 31,\\n2013\\n\\nMay 31,\\n2012\\n\\n1,459.7\\n15.2\\n1.5\\n\\n1,869.2\\n24.3\\n2.1\",\"name\":\"fintabnet.MOS_2013_page_61__100dpi_mild\",\"page_id\":\"fintabnet.MOS_2013_page_61\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.398,\"source\":\"fintabnet\",\"source_id\":\"MOS_2013_page_61\",\"stack\":[{\"deg\":0.398,\"op\":\"skew\"},{\"gain\":0.886,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":78}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[142.2,92.9,705.1,276.7],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16],\"cells\":null},{\"bbox\":[56.6,815.0,788.9,899.1],\"block_orders\":[24,25,26,28,29,30,31,32,33,34,35],\"cells\":null}],\"text\":\"A reconciliation of our AROs is as follows:\\n\\n2013\\n\\n(in millions)\\n\\nAROs, beginning of year\\nLiabilities incurred\\nLiabilities settled\\nAccretion expense\\nRevisions in estimated cash flows\\n\\n$\\n\\nAROs, end of year\\nLess current portion\\n\\nMay 31,\\n\\n600.3\\n38.7\\n(73.2)\\n33.3\\n59.4\\n\\n$\\n\\n658.5\\n83.5\\n\\n$\\n\\n575.0\\n\\n2012\\n\\n573.1\\n27.8\\n(98.4)\\n32.4\\n65.4\\n\\n600.3\\n87.0\\n\\n$\\n\\n513.3\\n\\n15. ACCOUNTING FOR DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES\\n\\nWe are exposed to the impact of fluctuations in the relative value of currencies, the impact of fluctuations in the purchase prices of\\nnatural gas and ammonia consumed in operations, changes in freight costs as well as changes in the market value of our financial\\ninstruments. We periodically enter into derivatives in order to mitigate our foreign currency risks and the effects of changing\\ncommodity and freight prices, but not for speculative purposes. Subsequent to May 31, 2013 we have entered into forward-starting\\ninterest rate swaps in anticipation of the future issuance of debt.\\n\\nForeign Currency Derivatives—We periodically enter into derivatives contracts in order to reduce our foreign currency exchange rate\\nrisk. We use forward contracts, zero-cost collars and futures, which typically expire within one year, to reduce the impact of foreign\\ncurrency exchange risk in our cash flows, not the foreign currency volatility in our earnings. One of the primary currency exposures\\nrelates to several of our Canadian entities, whose sales are denominated in U.S. dollars, but whose costs are paid principally in\\nCanadian dollars, which is their functional currency. Our Canadian businesses generally hedge a portion of the currency risk exposure\\non anticipated cash inflows and outflows. Depending on the underlying exposure, such derivatives can create additional earnings\\nvolatility because we do not use hedge accounting. We hedge certain of these risks through forward contracts and zero-cost collars.\\nOur Brazilian operations enter into foreign currency futures traded on the Futures and Commodities Exchange—Brazil Mercantile &\\nFutures Exchange—and also enter into forward contracts to hedge foreign currency risk. We hedge a portion of their currency risk\\nexposure on anticipated cash inflows and outflows similar to the process in Canada. Our other foreign locations also use forward\\ncontracts to reduce foreign currency risk.\\n\\nCommodity Derivatives—We enter into derivative contracts to reduce the risk of price fluctuation in the purchases of certain of our\\nproduct inputs. Our commodity derivatives contracts primarily relate to purchases of natural gas. We use forward purchase contracts,\\nswaps, and three-way collars to reduce these risks. The use of these financial instruments reduces the exposure of these risks with the\\nintent to reduce our risk and variability.\\n\\nFreight Derivatives—We enter into derivative contracts to reduce the risk of price fluctuation in the purchases of our freight. We use\\nforward freight agreements to reduce the risk and variability of related price changes in freight. The use of these financial instruments\\nreduces the exposure of these risks with the intent to reduce our risk and variability.\\n\\nFor additional disclosures about fair value measurement of derivative instruments, see Note 16 of our Notes to Consolidated Financial\\nStatements.\\n\\nAs of May 31, 2013, the following is the total absolute notional volume associated with our outstanding derivative instruments:\\n\\nInstrument\\n\\n(in millions of Units)\\n\\nForeign currency derivatives\\nNatural gas derivatives\\nOcean freight contracts\\n\\n60\\n\\nDerivative Category\\n\\nUnit of\\nMeasure\\n\\nForeign Currency\\nCommodity\\nFreight\\n\\nUS Dollars\\nMMbtu\\nTonnes\\n\\nMay 31,\\n2013\\n\\nMay 31,\\n2012\\n\\n1,459.7\\n15.2\\n1.5\\n\\n1,869.2\\n24.3\\n2.1\"},\"name\":\"fintabnet.MOS_2013_page_61__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":158420,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:MOS_2013\",\"dpi\":100,\"gt_sha256\":\"9967d1dc1e44ac4333086ad828c0693bf8798391ba4de1ede4ca46c463cd22c2\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MOS_2013_page_61__100dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.MOS_2013_page_61\",\"pdf_sha256\":\"951b18c36ebaeae0e46e5f6fcdad92add7b3774cd63977c542ec410ffca455d6\",\"px\":[851,1101],\"scan\":{\"render\":\"000018181c1818387fe87ffc7ffe7ffe7ffc78fe7ffe40007ffe000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"MOS_2013_page_61\",\"src\":{\"file_sha256\":\"935d2bce76d1f50577545247dbf43b87bd0f5e3fe999f814a0df6dac3827155c\",\"render\":\"000000001ff81e381eb87ffc7ffc7ffc7ffc7ffc7fec00a07ffe000000000000\",\"text\":\"7b1f14d1b849e32c49d23aedf361d43242213b1cec15c13d5e1197585af19251\"},\"stack\":[{\"deg\":0.398,\"op\":\"skew\"},{\"gain\":0.886,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":78}],\"tools\":\"21647cade0ee\"},\"sha256\":\"951b18c36ebaeae0e46e5f6fcdad92add7b3774cd63977c542ec410ffca455d6\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/951b18c36ebaeae0e46e5f6fcdad92add7b3774cd63977c542ec410ffca455d6.pdf","asset_sha256":"951b18c36ebaeae0e46e5f6fcdad92add7b3774cd63977c542ec410ffca455d6","document_id":"fintabnet:MOS_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MOS_2013_page_61\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MOS_2013_page_66\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:MOS_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[151.1,162.7,1006.3,233.3],\"lines\":[{\"bbox\":[151.1,162.7,1006.3,233.3],\"text\":\"Accounting for Pension and Postretirement Plans\"}],\"order\":0,\"text\":\"Accounting for Pension and Postretirement Plans\"},{\"bbox\":[151.1,246.7,1231.3,293.5],\"lines\":[{\"bbox\":[151.1,246.7,1231.3,293.5],\"text\":\"The year-end status of the North American plans was as follows:\"}],\"order\":1,\"text\":\"The year-end status of the North American plans was as follows:\"},{\"bbox\":[1566.0,340.8,1751.3,394.5],\"lines\":[{\"bbox\":[1566.0,340.8,1751.3,394.5],\"text\":\"Pension 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contribution\"},{\"bbox\":[260.6,815.6,470.8,860.2],\"text\":\"Benefits paid\"},{\"bbox\":[160.6,873.6,826.1,918.2],\"text\":\"Projected benefit obligation at end of year\"}],\"order\":5,\"text\":\"Change in projected benefit obligation:\\nBenefit obligation at beginning of year\\nService cost\\nInterest cost\\nPlan amendments\\nActuarial loss\\nCurrency fluctuations\\nEmployee contribution\\nBenefits paid\\nProjected benefit obligation at end of year\"},{\"bbox\":[1427.9,497.0,1447.7,541.6],\"lines\":[{\"bbox\":[1427.9,497.0,1447.7,541.6],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[1526.5,497.0,1628.7,918.2],\"lines\":[{\"bbox\":[1526.5,497.0,1615.7,541.6],\"text\":\"743.3\"},{\"bbox\":[1566.0,542.5,1615.7,587.1],\"text\":\"6.5\"},{\"bbox\":[1546.0,588.0,1615.7,632.6],\"text\":\"32.6\"},{\"bbox\":[1546.0,633.5,1615.7,678.1],\"text\":\"15.3\"},{\"bbox\":[1546.0,679.0,1615.7,723.6],\"text\":\"26.9\"},{\"bbox\":[1553.0,724.6,1628.7,769.1],\"text\":\"(0.4)\"},{\"bbox\":[1562.5,770.1,1575.6,814.6],\"text\":\"-\"},{\"bbox\":[1533.0,815.6,1628.7,860.2],\"text\":\"(35.6)\"},{\"bbox\":[1526.5,873.6,1615.7,918.2],\"text\":\"788.6\"}],\"order\":7,\"text\":\"743.3\\n6.5\\n32.6\\n15.3\\n26.9\\n(0.4)\\n-\\n(35.6)\\n788.6\"},{\"bbox\":[1672.0,497.0,1691.8,541.6],\"lines\":[{\"bbox\":[1672.0,497.0,1691.8,541.6],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[1672.0,982.6,1691.8,1027.2],\"lines\":[{\"bbox\":[1672.0,982.6,1691.8,1027.2],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[1427.9,1268.2,1447.7,1312.8],\"lines\":[{\"bbox\":[1427.9,1268.2,1447.7,1312.8],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[1526.5,982.6,1628.7,1312.8],\"lines\":[{\"bbox\":[1526.5,982.6,1615.7,1027.2],\"text\":\"654.4\"},{\"bbox\":[1553.0,1028.2,1628.7,1072.7],\"text\":\"(0.3)\"},{\"bbox\":[1546.0,1073.7,1615.7,1118.2],\"text\":\"53.9\"},{\"bbox\":[1546.0,1119.2,1615.7,1163.7],\"text\":\"35.2\"},{\"bbox\":[1562.5,1164.7,1575.6,1209.3],\"text\":\"-\"},{\"bbox\":[1533.0,1210.2,1628.7,1254.8],\"text\":\"(35.6)\"},{\"bbox\":[1526.5,1268.2,1615.7,1312.8],\"text\":\"707.6\"}],\"order\":11,\"text\":\"654.4\\n(0.3)\\n53.9\\n35.2\\n-\\n(35.6)\\n707.6\"},{\"bbox\":[1427.9,1331.7,1447.7,1376.3],\"lines\":[{\"bbox\":[1427.9,1331.7,1447.7,1376.3],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[1533.0,1331.7,1628.7,1376.3],\"lines\":[{\"bbox\":[1533.0,1331.7,1628.7,1376.3],\"text\":\"(81.0)\"}],\"order\":13,\"text\":\"(81.0)\"},{\"bbox\":[1427.9,1440.3,1447.7,1484.8],\"lines\":[{\"bbox\":[1427.9,1440.3,1447.7,1484.8],\"text\":\"$\"}],\"order\":14,\"text\":\"$\"},{\"bbox\":[1427.9,1667.8,1447.7,1712.4],\"lines\":[{\"bbox\":[1427.9,1667.8,1447.7,1712.4],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[1427.9,873.6,1447.7,918.2],\"lines\":[{\"bbox\":[1427.9,873.6,1447.7,918.2],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[160.6,937.1,747.4,1312.8],\"lines\":[{\"bbox\":[160.6,937.1,514.0,981.7],\"text\":\"Change in plan assets:\"},{\"bbox\":[260.6,982.6,747.4,1027.2],\"text\":\"Fair value at beginning of year\"},{\"bbox\":[260.6,1028.2,604.9,1072.7],\"text\":\"Currency fluctuations\"},{\"bbox\":[260.6,1073.7,470.3,1118.2],\"text\":\"Actual return\"},{\"bbox\":[260.6,1119.2,618.3,1163.7],\"text\":\"Company contribution\"},{\"bbox\":[260.6,1164.7,624.8,1209.3],\"text\":\"Employee contribution\"},{\"bbox\":[260.6,1210.2,470.9,1254.8],\"text\":\"Benefits paid\"},{\"bbox\":[160.6,1268.2,546.2,1312.8],\"text\":\"Fair value at end of year\"}],\"order\":17,\"text\":\"Change in plan assets:\\nFair value at beginning of year\\nCurrency fluctuations\\nActual return\\nCompany contribution\\nEmployee contribution\\nBenefits paid\\nFair value at end of year\"},{\"bbox\":[1427.9,982.6,1447.7,1027.2],\"lines\":[{\"bbox\":[1427.9,982.6,1447.7,1027.2],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[160.6,1331.7,791.5,1376.3],\"lines\":[{\"bbox\":[160.6,1331.7,791.5,1376.3],\"text\":\"Funded status of the plans as of May 31\"}],\"order\":19,\"text\":\"Funded status of the plans as of May 31\"},{\"bbox\":[160.6,1394.8,1333.6,1757.9],\"lines\":[{\"bbox\":[160.6,1394.8,1047.1,1439.3],\"text\":\"Amounts recognized in the consolidated balance sheets:\"},{\"bbox\":[260.6,1440.3,543.4,1484.8],\"text\":\"Noncurrent assets\"},{\"bbox\":[260.6,1485.8,538.8,1530.4],\"text\":\"Current liabilities\"},{\"bbox\":[260.6,1531.3,598.3,1575.9],\"text\":\"Noncurrent liabilities\"},{\"bbox\":[260.6,1576.8,1333.6,1621.4],\"text\":\"Amounts recognized in accumulated other comprehensive (income)\"},{\"bbox\":[301.1,1622.3,363.0,1666.9],\"text\":\"loss\"},{\"bbox\":[360.6,1667.8,792.2,1712.4],\"text\":\"Prior service costs (credits)\"},{\"bbox\":[360.6,1713.4,684.4,1757.9],\"text\":\"Actuarial (gain)/loss\"}],\"order\":20,\"text\":\"Amounts recognized in the consolidated balance sheets:\\nNoncurrent assets\\nCurrent liabilities\\nNoncurrent liabilities\\nAmounts recognized in accumulated other comprehensive (income)\\nloss\\nPrior service costs (credits)\\nActuarial (gain)/loss\"},{\"bbox\":[1749.0,389.4,1811.8,443.0],\"lines\":[{\"bbox\":[1749.0,389.4,1811.8,443.0],\"text\":\"2012\"}],\"order\":21,\"text\":\"2012\"},{\"bbox\":[1997.6,389.4,2060.4,443.0],\"lines\":[{\"bbox\":[1997.6,389.4,2060.4,443.0],\"text\":\"2013\"}],\"order\":22,\"text\":\"2013\"},{\"bbox\":[1749.5,497.0,1851.7,918.2],\"lines\":[{\"bbox\":[1749.5,497.0,1838.8,541.6],\"text\":\"694.3\"},{\"bbox\":[1789.1,542.5,1838.8,587.1],\"text\":\"5.6\"},{\"bbox\":[1769.0,588.0,1838.8,632.6],\"text\":\"34.5\"},{\"bbox\":[1785.6,633.5,1798.7,678.1],\"text\":\"-\"},{\"bbox\":[1769.0,679.0,1838.8,723.6],\"text\":\"59.3\"},{\"bbox\":[1756.0,724.6,1851.7,769.1],\"text\":\"(15.5)\"},{\"bbox\":[1785.6,770.1,1798.7,814.6],\"text\":\"-\"},{\"bbox\":[1756.0,815.6,1851.7,860.2],\"text\":\"(34.9)\"},{\"bbox\":[1749.5,873.6,1838.8,918.2],\"text\":\"743.3\"}],\"order\":23,\"text\":\"694.3\\n5.6\\n34.5\\n-\\n59.3\\n(15.5)\\n-\\n(34.9)\\n743.3\"},{\"bbox\":[1919.6,497.0,1939.3,541.6],\"lines\":[{\"bbox\":[1919.6,497.0,1939.3,541.6],\"text\":\"$\"}],\"order\":24,\"text\":\"$\"},{\"bbox\":[1919.6,982.6,1939.3,1027.2],\"lines\":[{\"bbox\":[1919.6,982.6,1939.3,1027.2],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[1672.0,1268.2,1691.8,1312.8],\"lines\":[{\"bbox\":[1672.0,1268.2,1691.8,1312.8],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[1749.5,982.6,1851.7,1312.8],\"lines\":[{\"bbox\":[1749.5,982.6,1838.8,1027.2],\"text\":\"630.0\"},{\"bbox\":[1756.0,1028.2,1851.7,1072.7],\"text\":\"(12.9)\"},{\"bbox\":[1769.0,1073.7,1838.8,1118.2],\"text\":\"45.4\"},{\"bbox\":[1769.0,1119.2,1838.8,1163.7],\"text\":\"26.8\"},{\"bbox\":[1785.6,1164.7,1798.7,1209.3],\"text\":\"-\"},{\"bbox\":[1756.0,1210.2,1851.7,1254.8],\"text\":\"(34.9)\"},{\"bbox\":[1749.5,1268.2,1838.8,1312.8],\"text\":\"654.4\"}],\"order\":27,\"text\":\"630.0\\n(12.9)\\n45.4\\n26.8\\n-\\n(34.9)\\n654.4\"},{\"bbox\":[1672.0,1331.7,1691.8,1376.3],\"lines\":[{\"bbox\":[1672.0,1331.7,1691.8,1376.3],\"text\":\"$\"}],\"order\":28,\"text\":\"$\"},{\"bbox\":[1756.0,1331.7,1851.7,1376.3],\"lines\":[{\"bbox\":[1756.0,1331.7,1851.7,1376.3],\"text\":\"(88.9)\"}],\"order\":29,\"text\":\"(88.9)\"},{\"bbox\":[1533.0,1440.3,1628.7,1575.9],\"lines\":[{\"bbox\":[1566.0,1440.3,1615.7,1484.8],\"text\":\"6.4\"},{\"bbox\":[1553.0,1485.8,1628.7,1530.4],\"text\":\"(0.6)\"},{\"bbox\":[1533.0,1531.3,1628.7,1575.9],\"text\":\"(86.8)\"}],\"order\":30,\"text\":\"6.4\\n(0.6)\\n(86.8)\"},{\"bbox\":[1672.0,1440.3,1691.8,1484.8],\"lines\":[{\"bbox\":[1672.0,1440.3,1691.8,1484.8],\"text\":\"$\"}],\"order\":31,\"text\":\"$\"},{\"bbox\":[1526.5,1667.8,1615.7,1757.9],\"lines\":[{\"bbox\":[1546.0,1667.8,1615.7,1712.4],\"text\":\"27.1\"},{\"bbox\":[1526.5,1713.4,1615.7,1757.9],\"text\":\"125.4\"}],\"order\":32,\"text\":\"27.1\\n125.4\"},{\"bbox\":[1672.0,1667.8,1691.8,1712.4],\"lines\":[{\"bbox\":[1672.0,1667.8,1691.8,1712.4],\"text\":\"$\"}],\"order\":33,\"text\":\"$\"},{\"bbox\":[1672.0,873.6,1691.8,918.2],\"lines\":[{\"bbox\":[1672.0,873.6,1691.8,918.2],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[2060.6,304.8,2260.7,394.5],\"lines\":[{\"bbox\":[2060.6,304.8,2260.7,358.5],\"text\":\"Postretirement\"},{\"bbox\":[2072.1,340.8,2248.4,394.5],\"text\":\"Benefit Plans\"}],\"order\":35,\"text\":\"Postretirement\\nBenefit Plans\"},{\"bbox\":[2253.7,389.4,2316.5,443.0],\"lines\":[{\"bbox\":[2253.7,389.4,2316.5,443.0],\"text\":\"2012\"}],\"order\":36,\"text\":\"2012\"},{\"bbox\":[2016.6,497.0,2099.3,918.2],\"lines\":[{\"bbox\":[2016.6,497.0,2086.4,541.6],\"text\":\"59.9\"},{\"bbox\":[2036.6,542.5,2086.4,587.1],\"text\":\"0.6\"},{\"bbox\":[2036.6,588.0,2086.4,632.6],\"text\":\"2.3\"},{\"bbox\":[2033.1,633.5,2046.3,678.1],\"text\":\"-\"},{\"bbox\":[2036.6,679.0,2086.4,723.6],\"text\":\"0.6\"},{\"bbox\":[2033.1,724.6,2046.3,769.1],\"text\":\"-\"},{\"bbox\":[2036.6,770.1,2086.4,814.6],\"text\":\"0.1\"},{\"bbox\":[2023.6,815.6,2099.3,860.2],\"text\":\"(5.6)\"},{\"bbox\":[2016.6,873.6,2086.4,918.2],\"text\":\"57.9\"}],\"order\":37,\"text\":\"59.9\\n0.6\\n2.3\\n-\\n0.6\\n-\\n0.1\\n(5.6)\\n57.9\"},{\"bbox\":[2169.2,497.0,2188.9,541.6],\"lines\":[{\"bbox\":[2169.2,497.0,2188.9,541.6],\"text\":\"$\"}],\"order\":38,\"text\":\"$\"},{\"bbox\":[2169.2,982.6,2188.9,1027.2],\"lines\":[{\"bbox\":[2169.2,982.6,2188.9,1027.2],\"text\":\"$\"}],\"order\":39,\"text\":\"$\"},{\"bbox\":[1919.6,1268.2,1939.3,1312.8],\"lines\":[{\"bbox\":[1919.6,1268.2,1939.3,1312.8],\"text\":\"$\"}],\"order\":40,\"text\":\"$\"},{\"bbox\":[2023.6,982.6,2099.3,1312.8],\"lines\":[{\"bbox\":[2033.1,982.6,2046.3,1027.2],\"text\":\"-\"},{\"bbox\":[2033.1,1028.2,2046.3,1072.7],\"text\":\"-\"},{\"bbox\":[2033.1,1073.7,2046.3,1118.2],\"text\":\"-\"},{\"bbox\":[2036.6,1119.2,2086.4,1163.7],\"text\":\"5.5\"},{\"bbox\":[2036.6,1164.7,2086.4,1209.3],\"text\":\"0.1\"},{\"bbox\":[2023.6,1210.2,2099.3,1254.8],\"text\":\"(5.6)\"},{\"bbox\":[2033.1,1268.2,2046.3,1312.8],\"text\":\"-\"}],\"order\":41,\"text\":\"-\\n-\\n-\\n5.5\\n0.1\\n(5.6)\\n-\"},{\"bbox\":[2169.2,1268.2,2188.9,1312.8],\"lines\":[{\"bbox\":[2169.2,1268.2,2188.9,1312.8],\"text\":\"$\"}],\"order\":42,\"text\":\"$\"},{\"bbox\":[2283.2,982.6,2358.9,1312.8],\"lines\":[{\"bbox\":[2292.7,982.6,2305.9,1027.2],\"text\":\"-\"},{\"bbox\":[2292.7,1028.2,2305.9,1072.7],\"text\":\"-\"},{\"bbox\":[2292.7,1073.7,2305.9,1118.2],\"text\":\"-\"},{\"bbox\":[2296.2,1119.2,2345.9,1163.7],\"text\":\"6.2\"},{\"bbox\":[2296.2,1164.7,2345.9,1209.3],\"text\":\"0.1\"},{\"bbox\":[2283.2,1210.2,2358.9,1254.8],\"text\":\"(6.3)\"},{\"bbox\":[2292.7,1268.2,2305.9,1312.8],\"text\":\"-\"}],\"order\":43,\"text\":\"-\\n-\\n-\\n6.2\\n0.1\\n(6.3)\\n-\"},{\"bbox\":[1919.6,1331.7,1939.3,1376.3],\"lines\":[{\"bbox\":[1919.6,1331.7,1939.3,1376.3],\"text\":\"$\"}],\"order\":44,\"text\":\"$\"},{\"bbox\":[2003.6,1331.7,2099.3,1376.3],\"lines\":[{\"bbox\":[2003.6,1331.7,2099.3,1376.3],\"text\":\"(57.9)\"}],\"order\":45,\"text\":\"(57.9)\"},{\"bbox\":[2169.2,1331.7,2188.9,1376.3],\"lines\":[{\"bbox\":[2169.2,1331.7,2188.9,1376.3],\"text\":\"$\"}],\"order\":46,\"text\":\"$\"},{\"bbox\":[2263.2,1331.7,2358.9,1376.3],\"lines\":[{\"bbox\":[2263.2,1331.7,2358.9,1376.3],\"text\":\"(59.9)\"}],\"order\":47,\"text\":\"(59.9)\"},{\"bbox\":[1756.0,1440.3,1851.7,1575.9],\"lines\":[{\"bbox\":[1785.6,1440.3,1798.7,1484.8],\"text\":\"-\"},{\"bbox\":[1776.1,1485.8,1851.7,1530.4],\"text\":\"(0.6)\"},{\"bbox\":[1756.0,1531.3,1851.7,1575.9],\"text\":\"(88.3)\"}],\"order\":48,\"text\":\"-\\n(0.6)\\n(88.3)\"},{\"bbox\":[1919.6,1440.3,1939.3,1484.8],\"lines\":[{\"bbox\":[1919.6,1440.3,1939.3,1484.8],\"text\":\"$\"}],\"order\":49,\"text\":\"$\"},{\"bbox\":[2003.6,1440.3,2099.3,1575.9],\"lines\":[{\"bbox\":[2033.1,1440.3,2046.3,1484.8],\"text\":\"-\"},{\"bbox\":[2023.6,1485.8,2099.3,1530.4],\"text\":\"(5.9)\"},{\"bbox\":[2003.6,1531.3,2099.3,1575.9],\"text\":\"(52.0)\"}],\"order\":50,\"text\":\"-\\n(5.9)\\n(52.0)\"},{\"bbox\":[2169.2,1440.3,2188.9,1484.8],\"lines\":[{\"bbox\":[2169.2,1440.3,2188.9,1484.8],\"text\":\"$\"}],\"order\":51,\"text\":\"$\"},{\"bbox\":[2263.2,1440.3,2358.9,1575.9],\"lines\":[{\"bbox\":[2292.7,1440.3,2305.9,1484.8],\"text\":\"-\"},{\"bbox\":[2283.2,1485.8,2358.9,1530.4],\"text\":\"(6.3)\"},{\"bbox\":[2263.2,1531.3,2358.9,1575.9],\"text\":\"(53.6)\"}],\"order\":52,\"text\":\"-\\n(6.3)\\n(53.6)\"},{\"bbox\":[1749.5,1667.8,1838.8,1757.9],\"lines\":[{\"bbox\":[1769.0,1667.8,1838.8,1712.4],\"text\":\"13.2\"},{\"bbox\":[1749.5,1713.4,1838.8,1757.9],\"text\":\"131.3\"}],\"order\":53,\"text\":\"13.2\\n131.3\"},{\"bbox\":[1919.6,1667.8,1939.3,1712.4],\"lines\":[{\"bbox\":[1919.6,1667.8,1939.3,1712.4],\"text\":\"$\"}],\"order\":54,\"text\":\"$\"},{\"bbox\":[2023.6,1667.8,2099.3,1757.9],\"lines\":[{\"bbox\":[2023.6,1667.8,2099.3,1712.4],\"text\":\"(3.2)\"},{\"bbox\":[2023.6,1713.4,2099.3,1757.9],\"text\":\"(7.0)\"}],\"order\":55,\"text\":\"(3.2)\\n(7.0)\"},{\"bbox\":[2169.2,1667.8,2188.9,1712.4],\"lines\":[{\"bbox\":[2169.2,1667.8,2188.9,1712.4],\"text\":\"$\"}],\"order\":56,\"text\":\"$\"},{\"bbox\":[2283.2,1667.8,2358.9,1757.9],\"lines\":[{\"bbox\":[2283.2,1667.8,2358.9,1712.4],\"text\":\"(4.9)\"},{\"bbox\":[2283.2,1713.4,2358.9,1757.9],\"text\":\"(8.9)\"}],\"order\":57,\"text\":\"(4.9)\\n(8.9)\"},{\"bbox\":[1919.6,873.6,1939.3,918.2],\"lines\":[{\"bbox\":[1919.6,873.6,1939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accumulated benefit obligation for the defined benefit pension plans was $782.5 million and $736.2 million as of May 31, 2013\"},{\"bbox\":[151.1,1827.6,537.1,1874.5],\"text\":\"and 2012, respectively.\"}],\"order\":61,\"text\":\"The accumulated benefit obligation for the defined benefit pension plans was $782.5 million and $736.2 million as of May 31, 2013\\nand 2012, respectively.\"},{\"bbox\":[151.1,1896.6,2263.1,1991.0],\"lines\":[{\"bbox\":[151.1,1896.6,2263.1,1943.5],\"text\":\"The components of net annual periodic benefit costs and other amounts recognized in other comprehensive income include the\"},{\"bbox\":[151.1,1944.2,536.2,1991.0],\"text\":\"following components:\"}],\"order\":62,\"text\":\"The components of net annual periodic benefit costs and other amounts recognized in other comprehensive income include the\\nfollowing components:\"},{\"bbox\":[166.1,2052.0,493.4,2105.6],\"lines\":[{\"bbox\":[166.1,2052.0,493.4,2105.6],\"text\":\"Net Periodic Benefit Cost\"}],\"order\":63,\"text\":\"Net Periodic Benefit Cost\"},{\"bbox\":[528.7,2017.7,682.7,2068.6],\"lines\":[{\"bbox\":[528.7,2017.7,682.7,2068.6],\"text\":\"(in millions)\"}],\"order\":64,\"text\":\"(in millions)\"},{\"bbox\":[166.1,2113.5,709.4,2443.6],\"lines\":[{\"bbox\":[166.1,2113.5,358.1,2158.0],\"text\":\"Service cost\"},{\"bbox\":[166.1,2159.0,358.5,2203.6],\"text\":\"Interest cost\"},{\"bbox\":[166.1,2204.5,647.8,2249.1],\"text\":\"Expected return on plan assets\"},{\"bbox\":[166.1,2250.0,431.5,2294.6],\"text\":\"Amortization of:\"},{\"bbox\":[266.1,2295.5,668.2,2340.1],\"text\":\"Prior service cost/(credit)\"},{\"bbox\":[266.1,2341.0,589.9,2385.6],\"text\":\"Actuarial (gain)/loss\"},{\"bbox\":[166.1,2399.1,709.4,2443.6],\"text\":\"Net periodic benefit (income) cost\"}],\"order\":65,\"text\":\"Service cost\\nInterest cost\\nExpected return on plan assets\\nAmortization of:\\nPrior service cost/(credit)\\nActuarial (gain)/loss\\nNet periodic benefit (income) cost\"},{\"bbox\":[166.1,2448.9,1017.9,2946.3],\"lines\":[{\"bbox\":[166.1,2448.9,855.0,2516.1],\"text\":\"Other Changes in Plan Assets and Benefit\"},{\"bbox\":[166.1,2494.4,699.3,2561.6],\"text\":\"Obligations Recognized in Other\"},{\"bbox\":[166.1,2539.9,552.7,2607.1],\"text\":\"Comprehensive Income\"},{\"bbox\":[166.1,2603.1,883.1,2647.7],\"text\":\"Prior service cost (credit) recognized in other\"},{\"bbox\":[201.1,2648.6,567.1,2693.2],\"text\":\"comprehensive income\"},{\"bbox\":[166.1,2694.6,861.1,2739.2],\"text\":\"Net actuarial loss (gain) recognized in other\"},{\"bbox\":[201.1,2740.2,567.1,2784.7],\"text\":\"comprehensive income\"},{\"bbox\":[166.1,2798.2,941.0,2842.7],\"text\":\"Total recognized in other comprehensive income\"},{\"bbox\":[166.1,2856.2,1017.9,2900.8],\"text\":\"Total recognized in net periodic benefit (income) cost\"},{\"bbox\":[201.1,2901.7,725.6,2946.3],\"text\":\"and other comprehensive income\"}],\"order\":66,\"text\":\"Other Changes in Plan Assets and Benefit\\nObligations Recognized in Other\\nComprehensive Income\\nPrior service cost (credit) recognized in other\\ncomprehensive income\\nNet actuarial loss (gain) recognized in other\\ncomprehensive income\\nTotal recognized in other comprehensive income\\nTotal recognized in net periodic benefit (income) cost\\nand other comprehensive income\"},{\"bbox\":[151.1,3037.0,188.8,3079.3],\"lines\":[{\"bbox\":[151.1,3037.0,188.8,3079.3],\"text\":\"65\"}],\"order\":67,\"text\":\"65\"},{\"bbox\":[1148.4,2051.3,1211.1,2105.0],\"lines\":[{\"bbox\":[1148.4,2051.3,1211.1,2105.0],\"text\":\"2013\"}],\"order\":68,\"text\":\"2013\"},{\"bbox\":[1089.8,2113.5,1109.6,2158.0],\"lines\":[{\"bbox\":[1089.8,2113.5,1109.6,2158.0],\"text\":\"$\"}],\"order\":69,\"text\":\"$\"},{\"bbox\":[1297.9,2002.8,1483.2,2056.5],\"lines\":[{\"bbox\":[1297.9,2002.8,1483.2,2056.5],\"text\":\"Pension Plans\"}],\"order\":70,\"text\":\"Pension Plans\"},{\"bbox\":[1358.9,2051.3,1421.7,2105.0],\"lines\":[{\"bbox\":[1358.9,2051.3,1421.7,2105.0],\"text\":\"2012\"}],\"order\":71,\"text\":\"2012\"},{\"bbox\":[1570.0,2051.3,1632.8,2105.0],\"lines\":[{\"bbox\":[1570.0,2051.3,1632.8,2105.0],\"text\":\"2011\"}],\"order\":72,\"text\":\"2011\"},{\"bbox\":[1770.5,2051.3,1833.3,2105.0],\"lines\":[{\"bbox\":[1770.5,2051.3,1833.3,2105.0],\"text\":\"2013\"}],\"order\":73,\"text\":\"2013\"},{\"bbox\":[1173.9,2113.5,1320.2,2249.1],\"lines\":[{\"bbox\":[1206.9,2113.5,1320.2,2158.0],\"text\":\"6.5 $\"},{\"bbox\":[1186.9,2159.0,1256.6,2203.6],\"text\":\"32.6\"},{\"bbox\":[1173.9,2204.5,1269.6,2249.1],\"text\":\"(37.3)\"}],\"order\":74,\"text\":\"6.5 $\\n32.6\\n(37.3)\"},{\"bbox\":[1384.4,2113.5,1531.2,2249.1],\"lines\":[{\"bbox\":[1417.4,2113.5,1531.2,2158.0],\"text\":\"5.6 $\"},{\"bbox\":[1397.4,2159.0,1467.2,2203.6],\"text\":\"34.5\"},{\"bbox\":[1384.4,2204.5,1480.1,2249.1],\"text\":\"(35.8)\"}],\"order\":75,\"text\":\"5.6 $\\n34.5\\n(35.8)\"},{\"bbox\":[1595.5,2113.5,1741.8,2249.1],\"lines\":[{\"bbox\":[1628.5,2113.5,1741.8,2158.0],\"text\":\"5.0 $\"},{\"bbox\":[1608.5,2159.0,1678.2,2203.6],\"text\":\"36.2\"},{\"bbox\":[1595.5,2204.5,1691.2,2249.1],\"text\":\"(38.0)\"}],\"order\":76,\"text\":\"5.0 $\\n36.2\\n(38.0)\"},{\"bbox\":[1815.1,2113.5,1868.3,2249.1],\"lines\":[{\"bbox\":[1818.6,2113.5,1868.3,2158.0],\"text\":\"0.6\"},{\"bbox\":[1818.6,2159.0,1868.3,2203.6],\"text\":\"2.3\"},{\"bbox\":[1815.1,2204.5,1828.2,2249.1],\"text\":\"-\"}],\"order\":77,\"text\":\"0.6\\n2.3\\n-\"},{\"bbox\":[1089.8,2399.1,1109.6,2443.6],\"lines\":[{\"bbox\":[1089.8,2399.1,1109.6,2443.6],\"text\":\"$\"}],\"order\":78,\"text\":\"$\"},{\"bbox\":[1186.9,2295.5,1256.6,2443.6],\"lines\":[{\"bbox\":[1206.9,2295.5,1256.6,2340.1],\"text\":\"1.3\"},{\"bbox\":[1186.9,2341.0,1256.6,2385.6],\"text\":\"16.1\"},{\"bbox\":[1186.9,2399.1,1256.6,2443.6],\"text\":\"19.2\"}],\"order\":79,\"text\":\"1.3\\n16.1\\n19.2\"},{\"bbox\":[1300.4,2399.1,1320.2,2443.6],\"lines\":[{\"bbox\":[1300.4,2399.1,1320.2,2443.6],\"text\":\"$\"}],\"order\":80,\"text\":\"$\"},{\"bbox\":[1397.4,2295.5,1467.2,2443.6],\"lines\":[{\"bbox\":[1417.4,2295.5,1467.2,2340.1],\"text\":\"1.3\"},{\"bbox\":[1397.4,2341.0,1467.2,2385.6],\"text\":\"13.4\"},{\"bbox\":[1397.4,2399.1,1467.2,2443.6],\"text\":\"19.0\"}],\"order\":81,\"text\":\"1.3\\n13.4\\n19.0\"},{\"bbox\":[1511.5,2399.1,1531.2,2443.6],\"lines\":[{\"bbox\":[1511.5,2399.1,1531.2,2443.6],\"text\":\"$\"}],\"order\":82,\"text\":\"$\"},{\"bbox\":[1608.5,2295.5,1678.3,2443.6],\"lines\":[{\"bbox\":[1628.5,2295.5,1678.3,2340.1],\"text\":\"0.9\"},{\"bbox\":[1628.5,2341.0,1678.3,2385.6],\"text\":\"7.4\"},{\"bbox\":[1608.5,2399.1,1678.2,2443.6],\"text\":\"11.5\"}],\"order\":83,\"text\":\"0.9\\n7.4\\n11.5\"},{\"bbox\":[1089.8,2648.6,1109.6,2693.2],\"lines\":[{\"bbox\":[1089.8,2648.6,1109.6,2693.2],\"text\":\"$\"}],\"order\":84,\"text\":\"$\"},{\"bbox\":[1186.9,2648.6,1256.6,2693.2],\"lines\":[{\"bbox\":[1186.9,2648.6,1256.6,2693.2],\"text\":\"14.1\"}],\"order\":85,\"text\":\"14.1\"},{\"bbox\":[1300.4,2648.6,1320.2,2693.2],\"lines\":[{\"bbox\":[1300.4,2648.6,1320.2,2693.2],\"text\":\"$\"}],\"order\":86,\"text\":\"$\"},{\"bbox\":[1404.4,2648.6,1531.2,2693.2],\"lines\":[{\"bbox\":[1404.4,2648.6,1531.2,2693.2],\"text\":\"(1.3) $\"}],\"order\":87,\"text\":\"(1.3) $\"},{\"bbox\":[1628.5,2648.6,1678.3,2693.2],\"lines\":[{\"bbox\":[1628.5,2648.6,1678.3,2693.2],\"text\":\"4.9\"}],\"order\":88,\"text\":\"4.9\"},{\"bbox\":[1089.8,2798.2,1109.6,2842.7],\"lines\":[{\"bbox\":[1089.8,2798.2,1109.6,2842.7],\"text\":\"$\"}],\"order\":89,\"text\":\"$\"},{\"bbox\":[1193.9,2740.2,1320.2,2842.7],\"lines\":[{\"bbox\":[1193.9,2740.2,1269.6,2784.7],\"text\":\"(5.9)\"},{\"bbox\":[1206.9,2798.2,1320.2,2842.7],\"text\":\"8.2 $\"}],\"order\":90,\"text\":\"(5.9)\\n8.2 $\"},{\"bbox\":[1397.4,2740.2,1467.2,2842.7],\"lines\":[{\"bbox\":[1397.4,2740.2,1467.2,2784.7],\"text\":\"36.3\"},{\"bbox\":[1397.4,2798.2,1467.2,2842.7],\"text\":\"35.0\"}],\"order\":91,\"text\":\"36.3\\n35.0\"},{\"bbox\":[1089.8,2901.7,1109.6,2946.3],\"lines\":[{\"bbox\":[1089.8,2901.7,1109.6,2946.3],\"text\":\"$\"}],\"order\":92,\"text\":\"$\"},{\"bbox\":[1186.9,2901.7,1256.6,2946.3],\"lines\":[{\"bbox\":[1186.9,2901.7,1256.6,2946.3],\"text\":\"27.4\"}],\"order\":93,\"text\":\"27.4\"},{\"bbox\":[1397.4,2901.7,1467.2,2946.3],\"lines\":[{\"bbox\":[1397.4,2901.7,1467.2,2946.3],\"text\":\"54.0\"}],\"order\":94,\"text\":\"54.0\"},{\"bbox\":[1300.4,2901.7,1320.2,2946.3],\"lines\":[{\"bbox\":[1300.4,2901.7,1320.2,2946.3],\"text\":\"$\"}],\"order\":95,\"text\":\"$\"},{\"bbox\":[1869.6,2002.8,2253.4,2056.5],\"lines\":[{\"bbox\":[1869.6,2002.8,2253.4,2056.5],\"text\":\"Postretirement Benefit Plans\"}],\"order\":96,\"text\":\"Postretirement Benefit Plans\"},{\"bbox\":[1960.1,2051.3,2022.9,2105.0],\"lines\":[{\"bbox\":[1960.1,2051.3,2022.9,2105.0],\"text\":\"2012\"}],\"order\":97,\"text\":\"2012\"},{\"bbox\":[1911.6,2113.5,1931.3,2158.0],\"lines\":[{\"bbox\":[1911.6,2113.5,1931.3,2158.0],\"text\":\"$\"}],\"order\":98,\"text\":\"$\"},{\"bbox\":[2004.6,2113.5,2057.9,2249.1],\"lines\":[{\"bbox\":[2008.1,2113.5,2057.9,2158.0],\"text\":\"0.3\"},{\"bbox\":[2008.1,2159.0,2057.9,2203.6],\"text\":\"2.6\"},{\"bbox\":[2004.6,2204.5,2017.8,2249.1],\"text\":\"-\"}],\"order\":99,\"text\":\"0.3\\n2.6\\n-\"},{\"bbox\":[2220.2,2051.3,2282.9,2105.0],\"lines\":[{\"bbox\":[2220.2,2051.3,2282.9,2105.0],\"text\":\"2011\"}],\"order\":100,\"text\":\"2011\"},{\"bbox\":[2101.6,2113.5,2121.4,2158.0],\"lines\":[{\"bbox\":[2101.6,2113.5,2121.4,2158.0],\"text\":\"$\"}],\"order\":101,\"text\":\"$\"},{\"bbox\":[2215.2,2113.5,2268.4,2249.1],\"lines\":[{\"bbox\":[2218.7,2113.5,2268.4,2158.0],\"text\":\"0.4\"},{\"bbox\":[2218.7,2159.0,2268.4,2203.6],\"text\":\"3.1\"},{\"bbox\":[2215.2,2204.5,2228.3,2249.1],\"text\":\"-\"}],\"order\":102,\"text\":\"0.4\\n3.1\\n-\"},{\"bbox\":[1722.0,2399.1,1741.8,2443.6],\"lines\":[{\"bbox\":[1722.0,2399.1,1741.8,2443.6],\"text\":\"$\"}],\"order\":103,\"text\":\"$\"},{\"bbox\":[1805.6,2295.5,1931.3,2443.6],\"lines\":[{\"bbox\":[1805.6,2295.5,1881.2,2340.1],\"text\":\"(1.7)\"},{\"bbox\":[1805.6,2341.0,1881.2,2385.6],\"text\":\"(1.3)\"},{\"bbox\":[1805.6,2399.1,1931.3,2443.6],\"text\":\"(0.1) $\"}],\"order\":104,\"text\":\"(1.7)\\n(1.3)\\n(0.1) $\"},{\"bbox\":[1995.1,2295.5,2121.4,2443.6],\"lines\":[{\"bbox\":[1995.1,2295.5,2070.8,2340.1],\"text\":\"(1.7)\"},{\"bbox\":[1995.1,2341.0,2070.8,2385.6],\"text\":\"(1.8)\"},{\"bbox\":[1995.1,2399.1,2121.4,2443.6],\"text\":\"(0.6) $\"}],\"order\":105,\"text\":\"(1.7)\\n(1.8)\\n(0.6) $\"},{\"bbox\":[2205.7,2295.5,2281.4,2443.6],\"lines\":[{\"bbox\":[2205.7,2295.5,2281.4,2340.1],\"text\":\"(2.3)\"},{\"bbox\":[2205.7,2341.0,2281.4,2385.6],\"text\":\"(0.7)\"},{\"bbox\":[2218.7,2399.1,2268.4,2443.6],\"text\":\"0.5\"}],\"order\":106,\"text\":\"(2.3)\\n(0.7)\\n0.5\"},{\"bbox\":[1722.0,2648.6,1741.8,2693.2],\"lines\":[{\"bbox\":[1722.0,2648.6,1741.8,2693.2],\"text\":\"$\"}],\"order\":107,\"text\":\"$\"},{\"bbox\":[1818.6,2648.6,1868.3,2693.2],\"lines\":[{\"bbox\":[1818.6,2648.6,1868.3,2693.2],\"text\":\"1.7\"}],\"order\":108,\"text\":\"1.7\"},{\"bbox\":[1911.6,2648.6,1931.3,2693.2],\"lines\":[{\"bbox\":[1911.6,2648.6,1931.3,2693.2],\"text\":\"$\"}],\"order\":109,\"text\":\"$\"},{\"bbox\":[2008.1,2648.6,2057.9,2693.2],\"lines\":[{\"bbox\":[2008.1,2648.6,2057.9,2693.2],\"text\":\"1.7\"}],\"order\":110,\"text\":\"1.7\"},{\"bbox\":[2101.6,2648.6,2121.4,2693.2],\"lines\":[{\"bbox\":[2101.6,2648.6,2121.4,2693.2],\"text\":\"$\"}],\"order\":111,\"text\":\"$\"},{\"bbox\":[2218.7,2648.6,2268.4,2693.2],\"lines\":[{\"bbox\":[2218.7,2648.6,2268.4,2693.2],\"text\":\"2.3\"}],\"order\":112,\"text\":\"2.3\"},{\"bbox\":[1511.5,2798.2,1531.2,2842.7],\"lines\":[{\"bbox\":[1511.5,2798.2,1531.2,2842.7],\"text\":\"$\"}],\"order\":113,\"text\":\"$\"},{\"bbox\":[1595.5,2740.2,1741.8,2842.7],\"lines\":[{\"bbox\":[1595.5,2740.2,1691.2,2784.7],\"text\":\"(26.7)\"},{\"bbox\":[1595.5,2798.2,1741.8,2842.7],\"text\":\"(21.8) $\"}],\"order\":114,\"text\":\"(26.7)\\n(21.8) $\"},{\"bbox\":[1818.6,2740.2,1868.3,2842.7],\"lines\":[{\"bbox\":[1818.6,2740.2,1868.3,2784.7],\"text\":\"1.9\"},{\"bbox\":[1818.6,2798.2,1868.3,2842.7],\"text\":\"3.6\"}],\"order\":115,\"text\":\"1.9\\n3.6\"},{\"bbox\":[1911.6,2798.2,1931.3,2842.7],\"lines\":[{\"bbox\":[1911.6,2798.2,1931.3,2842.7],\"text\":\"$\"}],\"order\":116,\"text\":\"$\"},{\"bbox\":[2008.1,2740.2,2057.9,2842.7],\"lines\":[{\"bbox\":[2008.1,2740.2,2057.9,2784.7],\"text\":\"5.8\"},{\"bbox\":[2008.1,2798.2,2057.9,2842.7],\"text\":\"7.5\"}],\"order\":117,\"text\":\"5.8\\n7.5\"},{\"bbox\":[2101.6,2798.2,2121.4,2842.7],\"lines\":[{\"bbox\":[2101.6,2798.2,2121.4,2842.7],\"text\":\"$\"}],\"order\":118,\"text\":\"$\"},{\"bbox\":[2185.7,2740.2,2281.4,2842.7],\"lines\":[{\"bbox\":[2185.7,2740.2,2281.4,2784.7],\"text\":\"(38.0)\"},{\"bbox\":[2185.7,2798.2,2281.4,2842.7],\"text\":\"(35.7)\"}],\"order\":119,\"text\":\"(38.0)\\n(35.7)\"},{\"bbox\":[1511.5,2901.7,1531.2,2946.3],\"lines\":[{\"bbox\":[1511.5,2901.7,1531.2,2946.3],\"text\":\"$\"}],\"order\":120,\"text\":\"$\"},{\"bbox\":[1595.5,2901.7,1741.8,2946.3],\"lines\":[{\"bbox\":[1595.5,2901.7,1741.8,2946.3],\"text\":\"(10.3) $\"}],\"order\":121,\"text\":\"(10.3) $\"},{\"bbox\":[1818.6,2901.7,1868.3,2946.3],\"lines\":[{\"bbox\":[1818.6,2901.7,1868.3,2946.3],\"text\":\"3.5\"}],\"order\":122,\"text\":\"3.5\"},{\"bbox\":[1911.6,2901.7,1931.3,2946.3],\"lines\":[{\"bbox\":[1911.6,2901.7,1931.3,2946.3],\"text\":\"$\"}],\"order\":123,\"text\":\"$\"},{\"bbox\":[2008.1,2901.7,2057.9,2946.3],\"lines\":[{\"bbox\":[2008.1,2901.7,2057.9,2946.3],\"text\":\"6.9\"}],\"order\":124,\"text\":\"6.9\"},{\"bbox\":[2101.6,2901.7,2121.4,2946.3],\"lines\":[{\"bbox\":[2101.6,2901.7,2121.4,2946.3],\"text\":\"$\"}],\"order\":125,\"text\":\"$\"},{\"bbox\":[2185.7,2901.7,2281.4,2946.3],\"lines\":[{\"bbox\":[2185.7,2901.7,2281.4,2946.3],\"text\":\"(35.2)\"}],\"order\":126,\"text\":\"(35.2)\"}],\"doc\":\"fintabnet:MOS_2013\",\"dpi\":300,\"image_px\":[2553,3303],\"layout\":[],\"markdown\":\"Accounting for Pension and Postretirement Plans\\n\\nThe year-end status of the North American plans was as follows:\\n\\nPension Plans\\n\\n2013\\n\\n(in millions)\\n\\nChange in projected benefit obligation:\\nBenefit obligation at beginning of year\\nService cost\\nInterest cost\\nPlan amendments\\nActuarial loss\\nCurrency fluctuations\\nEmployee contribution\\nBenefits paid\\nProjected benefit obligation at end of year\\n\\n$\\n\\n743.3\\n6.5\\n32.6\\n15.3\\n26.9\\n(0.4)\\n-\\n(35.6)\\n788.6\\n\\n$\\n\\n$\\n\\n$\\n\\n654.4\\n(0.3)\\n53.9\\n35.2\\n-\\n(35.6)\\n707.6\\n\\n$\\n\\n(81.0)\\n\\n$\\n\\n$\\n\\n$\\n\\nChange in plan assets:\\nFair value at beginning of year\\nCurrency fluctuations\\nActual return\\nCompany contribution\\nEmployee contribution\\nBenefits paid\\nFair value at end of year\\n\\n$\\n\\nFunded status of the plans as of May 31\\n\\nAmounts recognized in the consolidated balance sheets:\\nNoncurrent assets\\nCurrent liabilities\\nNoncurrent liabilities\\nAmounts recognized in accumulated other comprehensive (income)\\nloss\\nPrior service costs (credits)\\nActuarial (gain)/loss\\n\\n2012\\n\\n2013\\n\\n694.3\\n5.6\\n34.5\\n-\\n59.3\\n(15.5)\\n-\\n(34.9)\\n743.3\\n\\n$\\n\\n$\\n\\n$\\n\\n630.0\\n(12.9)\\n45.4\\n26.8\\n-\\n(34.9)\\n654.4\\n\\n$\\n\\n(88.9)\\n\\n6.4\\n(0.6)\\n(86.8)\\n\\n$\\n\\n27.1\\n125.4\\n\\n$\\n\\n$\\n\\nPostretirement\\nBenefit Plans\\n\\n2012\\n\\n59.9\\n0.6\\n2.3\\n-\\n0.6\\n-\\n0.1\\n(5.6)\\n57.9\\n\\n$\\n\\n$\\n\\n$\\n\\n-\\n-\\n-\\n5.5\\n0.1\\n(5.6)\\n-\\n\\n$\\n\\n-\\n-\\n-\\n6.2\\n0.1\\n(6.3)\\n-\\n\\n$\\n\\n(57.9)\\n\\n$\\n\\n(59.9)\\n\\n-\\n(0.6)\\n(88.3)\\n\\n$\\n\\n-\\n(5.9)\\n(52.0)\\n\\n$\\n\\n-\\n(6.3)\\n(53.6)\\n\\n13.2\\n131.3\\n\\n$\\n\\n(3.2)\\n(7.0)\\n\\n$\\n\\n(4.9)\\n(8.9)\\n\\n$\\n\\n60.1\\n0.3\\n2.6\\n-\\n4.0\\n(0.9)\\n0.1\\n(6.3)\\n59.9\\n\\n$\\n\\nThe accumulated benefit obligation for the defined benefit pension plans was $782.5 million and $736.2 million as of May 31, 2013\\nand 2012, respectively.\\n\\nThe components of net annual periodic benefit costs and other amounts recognized in other comprehensive income include the\\nfollowing components:\\n\\nNet Periodic Benefit Cost\\n\\n(in millions)\\n\\nService cost\\nInterest cost\\nExpected return on plan assets\\nAmortization of:\\nPrior service cost/(credit)\\nActuarial (gain)/loss\\nNet periodic benefit (income) cost\\n\\nOther Changes in Plan Assets and Benefit\\nObligations Recognized in Other\\nComprehensive Income\\nPrior service cost (credit) recognized in other\\ncomprehensive income\\nNet actuarial loss (gain) recognized in other\\ncomprehensive income\\nTotal recognized in other comprehensive income\\nTotal recognized in net periodic benefit (income) cost\\nand other comprehensive income\\n\\n65\\n\\n2013\\n\\n$\\n\\nPension Plans\\n\\n2012\\n\\n2011\\n\\n2013\\n\\n6.5 $\\n32.6\\n(37.3)\\n\\n5.6 $\\n34.5\\n(35.8)\\n\\n5.0 $\\n36.2\\n(38.0)\\n\\n0.6\\n2.3\\n-\\n\\n$\\n\\n1.3\\n16.1\\n19.2\\n\\n$\\n\\n1.3\\n13.4\\n19.0\\n\\n$\\n\\n0.9\\n7.4\\n11.5\\n\\n$\\n\\n14.1\\n\\n$\\n\\n(1.3) $\\n\\n4.9\\n\\n$\\n\\n(5.9)\\n8.2 $\\n\\n36.3\\n35.0\\n\\n$\\n\\n27.4\\n\\n54.0\\n\\n$\\n\\nPostretirement Benefit Plans\\n\\n2012\\n\\n$\\n\\n0.3\\n2.6\\n-\\n\\n2011\\n\\n$\\n\\n0.4\\n3.1\\n-\\n\\n$\\n\\n(1.7)\\n(1.3)\\n(0.1) $\\n\\n(1.7)\\n(1.8)\\n(0.6) $\\n\\n(2.3)\\n(0.7)\\n0.5\\n\\n$\\n\\n1.7\\n\\n$\\n\\n1.7\\n\\n$\\n\\n2.3\\n\\n$\\n\\n(26.7)\\n(21.8) $\\n\\n1.9\\n3.6\\n\\n$\\n\\n5.8\\n7.5\\n\\n$\\n\\n(38.0)\\n(35.7)\\n\\n$\\n\\n(10.3) $\\n\\n3.5\\n\\n$\\n\\n6.9\\n\\n$\\n\\n(35.2)\",\"name\":\"fintabnet.MOS_2013_page_66__300dpi_none\",\"page_id\":\"fintabnet.MOS_2013_page_66\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"MOS_2013_page_66\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[160.6,322.0,2358.9,1757.9],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60],\"cells\":null},{\"bbox\":[166.1,2020.0,2282.9,2946.3],\"block_orders\":[63,64,65,66,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126],\"cells\":null}],\"text\":\"Accounting for Pension and Postretirement Plans\\n\\nThe year-end status of the North American plans was as follows:\\n\\nPension Plans\\n\\n2013\\n\\n(in millions)\\n\\nChange in projected benefit obligation:\\nBenefit obligation at beginning of year\\nService cost\\nInterest cost\\nPlan amendments\\nActuarial loss\\nCurrency fluctuations\\nEmployee contribution\\nBenefits paid\\nProjected benefit obligation at end of year\\n\\n$\\n\\n743.3\\n6.5\\n32.6\\n15.3\\n26.9\\n(0.4)\\n-\\n(35.6)\\n788.6\\n\\n$\\n\\n$\\n\\n$\\n\\n654.4\\n(0.3)\\n53.9\\n35.2\\n-\\n(35.6)\\n707.6\\n\\n$\\n\\n(81.0)\\n\\n$\\n\\n$\\n\\n$\\n\\nChange in plan assets:\\nFair value at beginning of year\\nCurrency fluctuations\\nActual return\\nCompany contribution\\nEmployee contribution\\nBenefits paid\\nFair value at end of year\\n\\n$\\n\\nFunded status of the plans as of May 31\\n\\nAmounts recognized in the consolidated balance sheets:\\nNoncurrent assets\\nCurrent liabilities\\nNoncurrent liabilities\\nAmounts recognized in accumulated other comprehensive (income)\\nloss\\nPrior service costs (credits)\\nActuarial (gain)/loss\\n\\n2012\\n\\n2013\\n\\n694.3\\n5.6\\n34.5\\n-\\n59.3\\n(15.5)\\n-\\n(34.9)\\n743.3\\n\\n$\\n\\n$\\n\\n$\\n\\n630.0\\n(12.9)\\n45.4\\n26.8\\n-\\n(34.9)\\n654.4\\n\\n$\\n\\n(88.9)\\n\\n6.4\\n(0.6)\\n(86.8)\\n\\n$\\n\\n27.1\\n125.4\\n\\n$\\n\\n$\\n\\nPostretirement\\nBenefit Plans\\n\\n2012\\n\\n59.9\\n0.6\\n2.3\\n-\\n0.6\\n-\\n0.1\\n(5.6)\\n57.9\\n\\n$\\n\\n$\\n\\n$\\n\\n-\\n-\\n-\\n5.5\\n0.1\\n(5.6)\\n-\\n\\n$\\n\\n-\\n-\\n-\\n6.2\\n0.1\\n(6.3)\\n-\\n\\n$\\n\\n(57.9)\\n\\n$\\n\\n(59.9)\\n\\n-\\n(0.6)\\n(88.3)\\n\\n$\\n\\n-\\n(5.9)\\n(52.0)\\n\\n$\\n\\n-\\n(6.3)\\n(53.6)\\n\\n13.2\\n131.3\\n\\n$\\n\\n(3.2)\\n(7.0)\\n\\n$\\n\\n(4.9)\\n(8.9)\\n\\n$\\n\\n60.1\\n0.3\\n2.6\\n-\\n4.0\\n(0.9)\\n0.1\\n(6.3)\\n59.9\\n\\n$\\n\\nThe accumulated benefit obligation for the defined benefit pension plans was $782.5 million and $736.2 million as of May 31, 2013\\nand 2012, respectively.\\n\\nThe components of net annual periodic benefit costs and other amounts recognized in other comprehensive income include the\\nfollowing components:\\n\\nNet Periodic Benefit Cost\\n\\n(in millions)\\n\\nService cost\\nInterest cost\\nExpected return on plan assets\\nAmortization of:\\nPrior service cost/(credit)\\nActuarial (gain)/loss\\nNet periodic benefit (income) cost\\n\\nOther Changes in Plan Assets and Benefit\\nObligations Recognized in Other\\nComprehensive Income\\nPrior service cost (credit) recognized in other\\ncomprehensive income\\nNet actuarial loss (gain) recognized in other\\ncomprehensive income\\nTotal recognized in other comprehensive income\\nTotal recognized in net periodic benefit (income) cost\\nand other comprehensive income\\n\\n65\\n\\n2013\\n\\n$\\n\\nPension Plans\\n\\n2012\\n\\n2011\\n\\n2013\\n\\n6.5 $\\n32.6\\n(37.3)\\n\\n5.6 $\\n34.5\\n(35.8)\\n\\n5.0 $\\n36.2\\n(38.0)\\n\\n0.6\\n2.3\\n-\\n\\n$\\n\\n1.3\\n16.1\\n19.2\\n\\n$\\n\\n1.3\\n13.4\\n19.0\\n\\n$\\n\\n0.9\\n7.4\\n11.5\\n\\n$\\n\\n14.1\\n\\n$\\n\\n(1.3) $\\n\\n4.9\\n\\n$\\n\\n(5.9)\\n8.2 $\\n\\n36.3\\n35.0\\n\\n$\\n\\n27.4\\n\\n54.0\\n\\n$\\n\\nPostretirement Benefit Plans\\n\\n2012\\n\\n$\\n\\n0.3\\n2.6\\n-\\n\\n2011\\n\\n$\\n\\n0.4\\n3.1\\n-\\n\\n$\\n\\n(1.7)\\n(1.3)\\n(0.1) $\\n\\n(1.7)\\n(1.8)\\n(0.6) $\\n\\n(2.3)\\n(0.7)\\n0.5\\n\\n$\\n\\n1.7\\n\\n$\\n\\n1.7\\n\\n$\\n\\n2.3\\n\\n$\\n\\n(26.7)\\n(21.8) $\\n\\n1.9\\n3.6\\n\\n$\\n\\n5.8\\n7.5\\n\\n$\\n\\n(38.0)\\n(35.7)\\n\\n$\\n\\n(10.3) $\\n\\n3.5\\n\\n$\\n\\n6.9\\n\\n$\\n\\n(35.2)\"},\"name\":\"fintabnet.MOS_2013_page_66__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":318344,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:MOS_2013\",\"dpi\":300,\"gt_sha256\":\"0f801990236e97c88663785d1e45d6f5d81080c91bdaa10cf47b5635f74b2bbe\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MOS_2013_page_66__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.MOS_2013_page_66\",\"pdf_sha256\":\"c3b4beceace3f2a64778f0c21d5fb8527defd9f204498bf0ff9656b7e15b9e12\",\"px\":[2553,3303],\"scan\":{\"render\":\"000000047c7e7052787e707a787e7f52787e608c71fe71fe7fe87dfe00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"MOS_2013_page_66\",\"src\":{\"file_sha256\":\"08b997c19fa8c86742e6606bcc6d65e5434ed41a38ce984fcc6a15737318f5f3\",\"render\":\"00003c003c7c3078387e38703cfe3f58387821dc7ffc3dfc7e003dfe00000000\",\"text\":\"11ab01e860d983b7b8353ca1864972438b92105052f6b0c9cd17019a81dd7dad\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"c3b4beceace3f2a64778f0c21d5fb8527defd9f204498bf0ff9656b7e15b9e12\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/c3b4beceace3f2a64778f0c21d5fb8527defd9f204498bf0ff9656b7e15b9e12.pdf","asset_sha256":"c3b4beceace3f2a64778f0c21d5fb8527defd9f204498bf0ff9656b7e15b9e12","document_id":"fintabnet:MOS_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MOS_2013_page_66\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MRK_2015_page_100\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:MRK_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[92.4,-0.4,191.5,19.3],\"lines\":[{\"bbox\":[92.4,-0.4,191.5,19.3],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[118.6,83.5,730.4,142.1],\"lines\":[{\"bbox\":[119.3,83.5,264.5,105.2],\"text\":\"Contingent Consideration\"},{\"bbox\":[181.0,102.9,729.7,142.1],\"text\":\"Summarized information about the changes in liabilities for contingent consideration is as follows:\"}],\"order\":1,\"text\":\"Contingent Consideration\\nSummarized information about the changes in liabilities for contingent consideration is as follows:\"},{\"bbox\":[651.1,152.4,762.7,214.1],\"lines\":[{\"bbox\":[662.7,152.8,691.1,169.3],\"text\":\"2015\"},{\"bbox\":[724.4,155.5,752.8,172.0],\"text\":\"2014\"},{\"bbox\":[652.0,173.2,720.7,191.5],\"text\":\"$ 428 $\"},{\"bbox\":[747.3,177.3,761.8,193.3],\"text\":\"69\"},{\"bbox\":[679.3,195.1,703.1,211.5],\"text\":\"(16)\"},{\"bbox\":[739.4,197.8,760.9,214.1],\"text\":\"316\"}],\"order\":2,\"text\":\"2015\\n2014\\n$ 428 $\\n69\\n(16)\\n316\"},{\"bbox\":[117.0,150.1,255.0,254.5],\"lines\":[{\"bbox\":[120.6,150.1,234.2,170.3],\"text\":\"Fair value January 1\"},{\"bbox\":[119.7,168.9,252.7,192.0],\"text\":\"Changes in fair value (1)\"},{\"bbox\":[118.8,191.7,174.2,209.4],\"text\":\"Additions\"},{\"bbox\":[117.9,212.5,172.5,230.2],\"text\":\"Payments\"},{\"bbox\":[117.0,233.3,251.3,254.5],\"text\":\"Fair value December 31\"}],\"order\":3,\"text\":\"Fair value January 1\\nChanges in fair value (1)\\nAdditions\\nPayments\\nFair value December 31\"},{\"bbox\":[112.1,257.3,120.8,265.7],\"lines\":[{\"bbox\":[112.1,257.3,120.8,265.7],\"text\":\"(1)\"}],\"order\":4,\"text\":\"(1)\"},{\"bbox\":[675.2,215.9,702.2,253.1],\"lines\":[{\"bbox\":[676.1,215.9,697.6,232.2],\"text\":\"228\"},{\"bbox\":[677.5,236.8,701.3,253.1],\"text\":\"(50)\"}],\"order\":5,\"text\":\"228\\n(50)\"},{\"bbox\":[648.4,256.4,656.0,272.1],\"lines\":[{\"bbox\":[648.4,256.4,656.0,272.1],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[674.3,257.5,695.8,273.8],\"lines\":[{\"bbox\":[674.3,257.5,695.8,273.8],\"text\":\"590\"}],\"order\":7,\"text\":\"590\"},{\"bbox\":[709.5,259.1,717.1,274.8],\"lines\":[{\"bbox\":[709.5,259.1,717.1,274.8],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[736.7,218.6,760.0,276.5],\"lines\":[{\"bbox\":[745.5,219.0,760.0,234.9],\"text\":\"43\"},{\"bbox\":[744.6,239.8,759.1,255.7],\"text\":\"—\"},{\"bbox\":[736.7,260.3,758.2,276.5],\"text\":\"428\"}],\"order\":9,\"text\":\"43\\n—\\n428\"},{\"bbox\":[123.0,259.4,503.2,288.2],\"lines\":[{\"bbox\":[123.0,259.4,503.2,288.2],\"text\":\"Recorded in Research and development expenses and Materials and production costs.\"}],\"order\":10,\"text\":\"Recorded in Research and development expenses and Materials and production costs.\"},{\"bbox\":[105.6,281.4,760.8,441.5],\"lines\":[{\"bbox\":[173.2,284.1,760.8,325.0],\"text\":\"During 2015, the Company recognized liabilities for contingent consideration of $123 million related to the\"},{\"bbox\":[110.0,298.0,760.0,341.6],\"text\":\"acquisition of Cubist and $105 million related to the acquisition of cCAM (see Note 4). In addition, in 2015, the\"},{\"bbox\":[109.3,314.7,759.3,358.3],\"text\":\"Company paid $50 million of contingent consideration related to the first commercial sale of Zerbaxa in the United\"},{\"bbox\":[108.5,331.3,758.6,374.9],\"text\":\"States. During 2014, the fair value of a liability for contingent consideration related to an acquisition that occurred in\"},{\"bbox\":[107.8,348.0,757.9,391.6],\"text\":\"2010 increased by $316 million resulting from the progression of the program from preclinical to Phase 1. The increase\"},{\"bbox\":[107.1,364.6,757.2,408.2],\"text\":\"resulted from a higher fair value of future regulatory milestone and royalty payments due to an increased probability\"},{\"bbox\":[106.4,381.3,756.4,424.9],\"text\":\"of success of the program given its progression into Phase 1. In addition, during 2014, the Company recognized a\"},{\"bbox\":[105.6,397.9,731.3,440.5],\"text\":\"liability of $43 million for contingent consideration related to the acquisition of OncoEthix in 2014 (see Note 4).\"}],\"order\":11,\"text\":\"During 2015, the Company recognized liabilities for contingent consideration of $123 million related to the\\nacquisition of Cubist and $105 million related to the acquisition of cCAM (see Note 4). In addition, in 2015, the\\nCompany paid $50 million of contingent consideration related to the first commercial sale of Zerbaxa in the United\\nStates. During 2014, the fair value of a liability for contingent consideration related to an acquisition that occurred in\\n2010 increased by $316 million resulting from the progression of the program from preclinical to Phase 1. The increase\\nresulted from a higher fair value of future regulatory milestone and royalty payments due to an increased probability\\nof success of the program given its progression into Phase 1. In addition, during 2014, the Company recognized a\\nliability of $43 million for contingent consideration related to the acquisition of OncoEthix in 2014 (see Note 4).\"},{\"bbox\":[102.7,431.2,754.3,508.2],\"lines\":[{\"bbox\":[104.2,431.2,283.6,454.4],\"text\":\"Other Fair Value Measurements\"},{\"bbox\":[165.9,450.6,753.5,491.5],\"text\":\"Some of the Company’s financial instruments, such as cash and cash equivalents, receivables and payables,\"},{\"bbox\":[102.7,464.5,726.4,507.0],\"text\":\"are reflected in the balance sheet at carrying value, which approximates fair value due to their short-term nature.\"}],\"order\":12,\"text\":\"Other Fair Value Measurements\\nSome of the Company’s financial instruments, such as cash and cash equivalents, receivables and payables,\\nare reflected in the balance sheet at carrying value, which approximates fair value due to their short-term nature.\"},{\"bbox\":[99.5,488.1,751.8,581.7],\"lines\":[{\"bbox\":[164.2,490.8,751.8,531.7],\"text\":\"The estimated fair value of loans payable and long-term debt (including current portion) at December 31,\"},{\"bbox\":[101.0,504.8,751.0,548.4],\"text\":\"2015, was $27.0 billion compared with a carrying value of $26.5 billion and at December 31, 2014, was $22.5 billion\"},{\"bbox\":[100.3,521.4,750.3,565.0],\"text\":\"compared with a carrying value of $21.4 billion. Fair value was estimated using recent observable market prices and\"},{\"bbox\":[99.5,538.1,409.8,566.9],\"text\":\"would be considered Level 2 in the fair value hierarchy.\"}],\"order\":13,\"text\":\"The estimated fair value of loans payable and long-term debt (including current portion) at December 31,\\n2015, was $27.0 billion compared with a carrying value of $26.5 billion and at December 31, 2014, was $22.5 billion\\ncompared with a carrying value of $21.4 billion. Fair value was estimated using recent observable market prices and\\nwould be considered Level 2 in the fair value hierarchy.\"},{\"bbox\":[98.1,571.4,277.0,594.5],\"lines\":[{\"bbox\":[98.1,571.4,277.0,594.5],\"text\":\"Concentrations of Credit Risk\"}],\"order\":14,\"text\":\"Concentrations of Credit Risk\"},{\"bbox\":[94.9,595.0,747.1,688.5],\"lines\":[{\"bbox\":[159.5,597.7,747.1,638.6],\"text\":\"On an ongoing basis, the Company monitors concentrations of credit risk associated with corporate and\"},{\"bbox\":[96.3,611.6,746.4,655.2],\"text\":\"government issuers of securities and financial institutions with which it conducts business. Credit exposure limits are\"},{\"bbox\":[95.6,628.3,745.7,671.9],\"text\":\"established to limit a concentration with any single issuer or institution. Cash and investments are placed in instruments\"},{\"bbox\":[94.9,644.9,647.8,684.3],\"text\":\"that meet high credit quality standards, as specified in the Company’s investment policy guidelines.\"}],\"order\":15,\"text\":\"On an ongoing basis, the Company monitors concentrations of credit risk associated with corporate and\\ngovernment issuers of securities and financial institutions with which it conducts business. Credit exposure limits are\\nestablished to limit a concentration with any single issuer or institution. Cash and investments are placed in instruments\\nthat meet high credit quality standards, as specified in the Company’s investment policy guidelines.\"},{\"bbox\":[86.6,668.5,744.0,878.6],\"lines\":[{\"bbox\":[156.3,671.2,743.9,712.1],\"text\":\"The majority of the Company’s accounts receivable arise from product sales in the United States and Europe\"},{\"bbox\":[93.1,685.2,743.2,728.8],\"text\":\"and are primarily due from drug wholesalers and retailers, hospitals, government agencies, managed health care\"},{\"bbox\":[92.4,701.8,742.5,745.4],\"text\":\"providers and pharmacy benefit managers. The Company monitors the financial performance and creditworthiness of\"},{\"bbox\":[91.7,718.5,741.8,762.1],\"text\":\"its customers so that it can properly assess and respond to changes in their credit profile. The Company also continues\"},{\"bbox\":[91.0,735.1,741.0,778.7],\"text\":\"to monitor economic conditions, including the volatility associated with international sovereign economies, and\"},{\"bbox\":[90.2,751.8,740.3,795.4],\"text\":\"associated impacts on the financial markets and its business, taking into consideration global economic conditions and\"},{\"bbox\":[89.5,768.4,739.6,812.0],\"text\":\"the ongoing sovereign debt issues in certain European countries. At December 31, 2015 and 2014, Other assets included\"},{\"bbox\":[88.8,785.1,738.9,828.7],\"text\":\"$10 million and $80 million, respectively, of accounts receivable not expected to be collected within one year. As of\"},{\"bbox\":[88.1,801.7,738.2,845.3],\"text\":\"December 31, 2015, the Company’s total net accounts receivable outstanding for more than one year were approximately\"},{\"bbox\":[87.3,818.4,737.4,862.0],\"text\":\"$125 million. The Company does not expect to have write-offs or adjustments to accounts receivable which would\"},{\"bbox\":[86.6,835.0,575.2,871.6],\"text\":\"have a material adverse effect on its financial position, liquidity or results of operations.\"}],\"order\":16,\"text\":\"The majority of the Company’s accounts receivable arise from product sales in the United States and Europe\\nand are primarily due from drug wholesalers and retailers, hospitals, government agencies, managed health care\\nproviders and pharmacy benefit managers. The Company monitors the financial performance and creditworthiness of\\nits customers so that it can properly assess and respond to changes in their credit profile. The Company also continues\\nto monitor economic conditions, including the volatility associated with international sovereign economies, and\\nassociated impacts on the financial markets and its business, taking into consideration global economic conditions and\\nthe ongoing sovereign debt issues in certain European countries. At December 31, 2015 and 2014, Other assets included\\n$10 million and $80 million, respectively, of accounts receivable not expected to be collected within one year. As of\\nDecember 31, 2015, the Company’s total net accounts receivable outstanding for more than one year were approximately\\n$125 million. The Company does not expect to have write-offs or adjustments to accounts receivable which would\\nhave a material adverse effect on its financial position, liquidity or results of operations.\"},{\"bbox\":[82.0,858.6,735.7,985.5],\"lines\":[{\"bbox\":[148.0,861.3,735.7,902.2],\"text\":\"The Company’s customers with the largest accounts receivable balances are: AmerisourceBergen\"},{\"bbox\":[84.9,875.3,734.9,918.9],\"text\":\"Corporation, Cardinal Health, Inc., McKesson Corporation, Zuellig Pharma Ltd. (Asia Pacific), and AAH\"},{\"bbox\":[84.1,891.9,734.2,935.5],\"text\":\"Pharmaceuticals Ltd (UK) which represented, in aggregate, approximately one-third of total accounts receivable at\"},{\"bbox\":[83.4,908.6,733.5,952.2],\"text\":\"December 31, 2015. The Company monitors the creditworthiness of its customers to which it grants credit terms in the\"},{\"bbox\":[82.7,925.2,732.8,968.8],\"text\":\"normal course of business. Bad debts have been minimal. The Company does not normally require collateral or other\"},{\"bbox\":[82.0,941.9,254.9,964.7],\"text\":\"security to support credit sales.\"}],\"order\":17,\"text\":\"The Company’s customers with the largest accounts receivable balances are: AmerisourceBergen\\nCorporation, Cardinal Health, Inc., McKesson Corporation, Zuellig Pharma Ltd. (Asia Pacific), and AAH\\nPharmaceuticals Ltd (UK) which represented, in aggregate, approximately one-third of total accounts receivable at\\nDecember 31, 2015. The Company monitors the creditworthiness of its customers to which it grants credit terms in the\\nnormal course of business. Bad debts have been minimal. The Company does not normally require collateral or other\\nsecurity to support credit sales.\"},{\"bbox\":[397.7,1002.7,412.2,1018.7],\"lines\":[{\"bbox\":[397.7,1002.7,412.2,1018.7],\"text\":\"98\"}],\"order\":18,\"text\":\"98\"}],\"doc\":\"fintabnet:MRK_2015\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nContingent Consideration\\nSummarized information about the changes in liabilities for contingent consideration is as follows:\\n\\n|  | 2015 | 2014 |\\n| --- | --- | --- |\\n| Fair value January 1 | $428 | $69 |\\n| Changes in fair value(1) | (16) | 316 |\\n| Additions | 228 | 43 |\\n| Payments | (50) | — |\\n| Fair value December 31 | $590 | $428 |\\n\\n(1)\\n\\nRecorded in Research and development expenses and Materials and production costs.\\n\\nDuring 2015, the Company recognized liabilities for contingent consideration of $123 million related to the\\nacquisition of Cubist and $105 million related to the acquisition of cCAM (see Note 4). In addition, in 2015, the\\nCompany paid $50 million of contingent consideration related to the first commercial sale of Zerbaxa in the United\\nStates. During 2014, the fair value of a liability for contingent consideration related to an acquisition that occurred in\\n2010 increased by $316 million resulting from the progression of the program from preclinical to Phase 1. The increase\\nresulted from a higher fair value of future regulatory milestone and royalty payments due to an increased probability\\nof success of the program given its progression into Phase 1. In addition, during 2014, the Company recognized a\\nliability of $43 million for contingent consideration related to the acquisition of OncoEthix in 2014 (see Note 4).\\n\\nOther Fair Value Measurements\\nSome of the Company’s financial instruments, such as cash and cash equivalents, receivables and payables,\\nare reflected in the balance sheet at carrying value, which approximates fair value due to their short-term nature.\\n\\nThe estimated fair value of loans payable and long-term debt (including current portion) at December 31,\\n2015, was $27.0 billion compared with a carrying value of $26.5 billion and at December 31, 2014, was $22.5 billion\\ncompared with a carrying value of $21.4 billion. Fair value was estimated using recent observable market prices and\\nwould be considered Level 2 in the fair value hierarchy.\\n\\nConcentrations of Credit Risk\\n\\nOn an ongoing basis, the Company monitors concentrations of credit risk associated with corporate and\\ngovernment issuers of securities and financial institutions with which it conducts business. Credit exposure limits are\\nestablished to limit a concentration with any single issuer or institution. Cash and investments are placed in instruments\\nthat meet high credit quality standards, as specified in the Company’s investment policy guidelines.\\n\\nThe majority of the Company’s accounts receivable arise from product sales in the United States and Europe\\nand are primarily due from drug wholesalers and retailers, hospitals, government agencies, managed health care\\nproviders and pharmacy benefit managers. The Company monitors the financial performance and creditworthiness of\\nits customers so that it can properly assess and respond to changes in their credit profile. The Company also continues\\nto monitor economic conditions, including the volatility associated with international sovereign economies, and\\nassociated impacts on the financial markets and its business, taking into consideration global economic conditions and\\nthe ongoing sovereign debt issues in certain European countries. At December 31, 2015 and 2014, Other assets included\\n$10 million and $80 million, respectively, of accounts receivable not expected to be collected within one year. As of\\nDecember 31, 2015, the Company’s total net accounts receivable outstanding for more than one year were approximately\\n$125 million. The Company does not expect to have write-offs or adjustments to accounts receivable which would\\nhave a material adverse effect on its financial position, liquidity or results of operations.\\n\\nThe Company’s customers with the largest accounts receivable balances are: AmerisourceBergen\\nCorporation, Cardinal Health, Inc., McKesson Corporation, Zuellig Pharma Ltd. (Asia Pacific), and AAH\\nPharmaceuticals Ltd (UK) which represented, in aggregate, approximately one-third of total accounts receivable at\\nDecember 31, 2015. The Company monitors the creditworthiness of its customers to which it grants credit terms in the\\nnormal course of business. Bad debts have been minimal. The Company does not normally require collateral or other\\nsecurity to support credit sales.\\n\\n98\",\"name\":\"fintabnet.MRK_2015_page_100__100dpi_heavy\",\"page_id\":\"fintabnet.MRK_2015_page_100\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.491,\"source\":\"fintabnet\",\"source_id\":\"MRK_2015_page_100\",\"stack\":[{\"deg\":-2.491,\"op\":\"skew\"},{\"amp\":0.284,\"angle\":9.9,\"blob\":0.302,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":5.43,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.425},{\"gain\":0.465,\"op\":\"contrast\"},{\"bias\":0.1,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":38}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[117.0,126.1,762.9,276.5],\"block_orders\":[2,3,5,6,7,8,9],\"cells\":[{\"bbox\":[662.7,154.3,691.0,169.3],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"2015\"},{\"bbox\":[724.4,157.0,752.8,172.0],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\"2014\"},{\"bbox\":[120.6,151.5,234.1,170.3],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Fair value January 1\"},{\"bbox\":[652.0,174.7,699.3,190.6],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"$428\"},{\"bbox\":[713.1,177.3,761.8,193.3],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"$69\"},{\"bbox\":[119.7,169.9,252.7,192.0],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Changes in fair value(1)\"},{\"bbox\":[679.3,196.6,703.0,211.6],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"(16)\"},{\"bbox\":[739.4,199.3,760.9,214.1],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"316\"},{\"bbox\":[118.8,193.2,174.1,209.4],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Additions\"},{\"bbox\":[676.1,217.4,697.5,232.2],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"228\"},{\"bbox\":[745.5,220.4,760.0,234.9],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"43\"},{\"bbox\":[117.9,214.0,172.4,230.2],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Payments\"},{\"bbox\":[677.5,238.2,701.2,253.2],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"(50)\"},{\"bbox\":[744.6,241.2,759.1,255.7],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"—\"},{\"bbox\":[117.0,234.8,251.3,254.5],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Fair value December 31\"},{\"bbox\":[648.4,257.9,695.7,273.8],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"$590\"},{\"bbox\":[709.5,260.6,758.2,276.5],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"$428\"}]}],\"text\":\"Table of Contents\\n\\nContingent Consideration\\nSummarized information about the changes in liabilities for contingent consideration is as follows:\\n\\n2015\\n2014\\n$ 428 $\\n69\\n(16)\\n316\\n\\nFair value January 1\\nChanges in fair value (1)\\nAdditions\\nPayments\\nFair value December 31\\n\\n(1)\\n\\n228\\n(50)\\n\\n$\\n\\n590\\n\\n$\\n\\n43\\n—\\n428\\n\\nRecorded in Research and development expenses and Materials and production costs.\\n\\nDuring 2015, the Company recognized liabilities for contingent consideration of $123 million related to the\\nacquisition of Cubist and $105 million related to the acquisition of cCAM (see Note 4). In addition, in 2015, the\\nCompany paid $50 million of contingent consideration related to the first commercial sale of Zerbaxa in the United\\nStates. During 2014, the fair value of a liability for contingent consideration related to an acquisition that occurred in\\n2010 increased by $316 million resulting from the progression of the program from preclinical to Phase 1. The increase\\nresulted from a higher fair value of future regulatory milestone and royalty payments due to an increased probability\\nof success of the program given its progression into Phase 1. In addition, during 2014, the Company recognized a\\nliability of $43 million for contingent consideration related to the acquisition of OncoEthix in 2014 (see Note 4).\\n\\nOther Fair Value Measurements\\nSome of the Company’s financial instruments, such as cash and cash equivalents, receivables and payables,\\nare reflected in the balance sheet at carrying value, which approximates fair value due to their short-term nature.\\n\\nThe estimated fair value of loans payable and long-term debt (including current portion) at December 31,\\n2015, was $27.0 billion compared with a carrying value of $26.5 billion and at December 31, 2014, was $22.5 billion\\ncompared with a carrying value of $21.4 billion. Fair value was estimated using recent observable market prices and\\nwould be considered Level 2 in the fair value hierarchy.\\n\\nConcentrations of Credit Risk\\n\\nOn an ongoing basis, the Company monitors concentrations of credit risk associated with corporate and\\ngovernment issuers of securities and financial institutions with which it conducts business. Credit exposure limits are\\nestablished to limit a concentration with any single issuer or institution. Cash and investments are placed in instruments\\nthat meet high credit quality standards, as specified in the Company’s investment policy guidelines.\\n\\nThe majority of the Company’s accounts receivable arise from product sales in the United States and Europe\\nand are primarily due from drug wholesalers and retailers, hospitals, government agencies, managed health care\\nproviders and pharmacy benefit managers. The Company monitors the financial performance and creditworthiness of\\nits customers so that it can properly assess and respond to changes in their credit profile. The Company also continues\\nto monitor economic conditions, including the volatility associated with international sovereign economies, and\\nassociated impacts on the financial markets and its business, taking into consideration global economic conditions and\\nthe ongoing sovereign debt issues in certain European countries. At December 31, 2015 and 2014, Other assets included\\n$10 million and $80 million, respectively, of accounts receivable not expected to be collected within one year. As of\\nDecember 31, 2015, the Company’s total net accounts receivable outstanding for more than one year were approximately\\n$125 million. The Company does not expect to have write-offs or adjustments to accounts receivable which would\\nhave a material adverse effect on its financial position, liquidity or results of operations.\\n\\nThe Company’s customers with the largest accounts receivable balances are: AmerisourceBergen\\nCorporation, Cardinal Health, Inc., McKesson Corporation, Zuellig Pharma Ltd. (Asia Pacific), and AAH\\nPharmaceuticals Ltd (UK) which represented, in aggregate, approximately one-third of total accounts receivable at\\nDecember 31, 2015. The Company monitors the creditworthiness of its customers to which it grants credit terms in the\\nnormal course of business. Bad debts have been minimal. The Company does not normally require collateral or other\\nsecurity to support credit sales.\\n\\n98\"},\"name\":\"fintabnet.MRK_2015_page_100__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":32950,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:MRK_2015\",\"dpi\":100,\"gt_sha256\":\"b2f15f83c739a0968bc5ab3962d7e47d6644c4df32fa93088c9dd33b0c8a5016\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MRK_2015_page_100__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.MRK_2015_page_100\",\"pdf_sha256\":\"89789f8a8b013c7775f912ae29a6c14ed691ae8f628854bbc0d0f771c47fa74f\",\"px\":[850,1100],\"scan\":{\"render\":\"0000080030003f0c3ffc3ffc3ff83ffc1e003ffc3ffc3ffc3ffc7ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"MRK_2015_page_100\",\"src\":{\"file_sha256\":\"a3ea21308ef80f984070c2e3ebcfa68632246a7e3059025ada4efac27340087f\",\"render\":\"00000000380c3ffc3ffc3ffc1e203ffc38003ffc3ffc3ffc3ffc3ffc00000000\",\"text\":\"491534ead22632940fe5192683e007f42d2640fe234039c88503e2949aa250ea\"},\"stack\":[{\"deg\":-2.491,\"op\":\"skew\"},{\"amp\":0.284,\"angle\":9.9,\"blob\":0.302,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":5.43,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.425},{\"gain\":0.465,\"op\":\"contrast\"},{\"bias\":0.1,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":38}],\"tools\":\"21647cade0ee\"},\"sha256\":\"89789f8a8b013c7775f912ae29a6c14ed691ae8f628854bbc0d0f771c47fa74f\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/89789f8a8b013c7775f912ae29a6c14ed691ae8f628854bbc0d0f771c47fa74f.pdf","asset_sha256":"89789f8a8b013c7775f912ae29a6c14ed691ae8f628854bbc0d0f771c47fa74f","document_id":"fintabnet:MRK_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MRK_2015_page_100\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MRK_2015_page_105\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:MRK_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[138.9,29.1,336.0,59.9],\"lines\":[{\"bbox\":[138.9,29.1,336.0,59.9],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[325.0,194.4,829.5,225.2],\"lines\":[{\"bbox\":[325.0,194.4,829.5,225.2],\"text\":\"Long-term debt at December 31 consisted of:\"}],\"order\":1,\"text\":\"Long-term debt at December 31 consisted of:\"},{\"bbox\":[1252.8,249.3,1357.4,1363.4],\"lines\":[{\"bbox\":[1277.8,249.3,1333.3,280.1],\"text\":\"2015\"},{\"bbox\":[1294.9,285.4,1357.4,316.2],\"text\":\"2,496\"},{\"bbox\":[1294.9,321.6,1357.4,352.3],\"text\":\"1,989\"},{\"bbox\":[1294.9,357.7,1357.4,388.4],\"text\":\"1,749\"},{\"bbox\":[1294.9,393.8,1357.4,424.5],\"text\":\"1,285\"},{\"bbox\":[1294.9,429.9,1357.4,460.6],\"text\":\"1,247\"},{\"bbox\":[1294.9,466.0,1357.4,496.8],\"text\":\"1,243\"},{\"bbox\":[1294.9,502.1,1357.4,532.9],\"text\":\"1,237\"},{\"bbox\":[1294.9,538.2,1357.4,569.0],\"text\":\"1,161\"},{\"bbox\":[1294.9,574.3,1357.4,605.1],\"text\":\"1,096\"},{\"bbox\":[1294.9,610.4,1357.4,641.2],\"text\":\"1,090\"},{\"bbox\":[1294.9,646.6,1357.4,677.3],\"text\":\"1,014\"},{\"bbox\":[1294.9,682.7,1357.4,713.4],\"text\":\"1,000\"},{\"bbox\":[1315.7,718.8,1357.4,749.5],\"text\":\"999\"},{\"bbox\":[1315.7,754.9,1357.4,785.6],\"text\":\"987\"},{\"bbox\":[1315.7,791.0,1357.4,821.7],\"text\":\"809\"},{\"bbox\":[1315.7,827.1,1357.4,857.9],\"text\":\"700\"},{\"bbox\":[1315.7,863.2,1357.4,894.0],\"text\":\"596\"},{\"bbox\":[1315.7,899.3,1357.4,930.1],\"text\":\"543\"},{\"bbox\":[1315.7,935.4,1357.4,966.2],\"text\":\"493\"},{\"bbox\":[1315.7,971.6,1357.4,1002.3],\"text\":\"418\"},{\"bbox\":[1315.7,1007.7,1357.4,1038.4],\"text\":\"371\"},{\"bbox\":[1315.7,1043.8,1357.4,1074.5],\"text\":\"356\"},{\"bbox\":[1315.7,1079.9,1357.4,1110.6],\"text\":\"326\"},{\"bbox\":[1315.7,1116.0,1357.4,1146.8],\"text\":\"300\"},{\"bbox\":[1315.7,1152.1,1357.4,1182.9],\"text\":\"152\"},{\"bbox\":[1329.6,1188.2,1357.4,1219.0],\"text\":\"—\"},{\"bbox\":[1329.6,1224.3,1357.4,1255.1],\"text\":\"—\"},{\"bbox\":[1329.6,1260.4,1357.4,1291.2],\"text\":\"—\"},{\"bbox\":[1315.7,1296.6,1357.4,1327.3],\"text\":\"272\"},{\"bbox\":[1252.8,1332.7,1357.2,1363.4],\"text\":\"$ 23,929\"}],\"order\":2,\"text\":\"2015\\n2,496\\n1,989\\n1,749\\n1,285\\n1,247\\n1,243\\n1,237\\n1,161\\n1,096\\n1,090\\n1,014\\n1,000\\n999\\n987\\n809\\n700\\n596\\n543\\n493\\n418\\n371\\n356\\n326\\n300\\n152\\n—\\n—\\n—\\n272\\n$ 23,929\"},{\"bbox\":[1252.8,285.4,1266.7,316.2],\"lines\":[{\"bbox\":[1252.8,285.4,1266.7,316.2],\"text\":\"$\"}],\"order\":3,\"text\":\"$\"},{\"bbox\":[208.3,285.9,678.2,1327.8],\"lines\":[{\"bbox\":[208.3,285.9,455.2,316.6],\"text\":\"2.75% notes due 2025\"},{\"bbox\":[208.3,322.0,455.2,352.8],\"text\":\"3.70% notes due 2045\"},{\"bbox\":[208.3,358.1,455.2,388.9],\"text\":\"2.80% notes due 2023\"},{\"bbox\":[208.3,394.2,455.2,425.0],\"text\":\"5.00% notes due 2019\"},{\"bbox\":[208.3,430.3,455.2,461.1],\"text\":\"4.15% notes due 2043\"},{\"bbox\":[208.3,466.4,455.2,497.2],\"text\":\"1.85% notes due 2020\"},{\"bbox\":[208.3,502.6,455.2,533.3],\"text\":\"2.35% notes due 2022\"},{\"bbox\":[208.3,538.7,469.1,569.4],\"text\":\"3.875% notes due 2021\"},{\"bbox\":[208.3,574.8,678.2,605.5],\"text\":\"1.125% euro-denominated notes due 2021\"},{\"bbox\":[208.3,610.9,678.2,641.6],\"text\":\"1.875% euro-denominated notes due 2026\"},{\"bbox\":[208.3,647.0,455.2,677.8],\"text\":\"2.40% notes due 2022\"},{\"bbox\":[208.3,683.1,584.1,713.9],\"text\":\"Floating-rate borrowing due 2018\"},{\"bbox\":[208.3,719.2,455.2,750.0],\"text\":\"1.10% notes due 2018\"},{\"bbox\":[208.3,755.3,455.2,786.1],\"text\":\"1.30% notes due 2018\"},{\"bbox\":[208.3,791.4,455.2,822.2],\"text\":\"6.50% notes due 2033\"},{\"bbox\":[208.3,827.6,527.0,858.3],\"text\":\"Floating-rate notes due 2020\"},{\"bbox\":[208.3,863.7,455.2,894.4],\"text\":\"6.55% notes due 2037\"},{\"bbox\":[208.3,899.8,664.3,930.5],\"text\":\"2.50% euro-denominated notes due 2034\"},{\"bbox\":[208.3,935.9,455.2,966.6],\"text\":\"3.60% notes due 2042\"},{\"bbox\":[208.3,972.0,455.2,1002.8],\"text\":\"5.85% notes due 2039\"},{\"bbox\":[208.3,1008.1,455.2,1038.9],\"text\":\"5.75% notes due 2036\"},{\"bbox\":[208.3,1044.2,516.9,1075.0],\"text\":\"5.95% debentures due 2028\"},{\"bbox\":[208.3,1080.3,516.9,1111.1],\"text\":\"6.40% debentures due 2028\"},{\"bbox\":[208.3,1116.4,527.0,1147.2],\"text\":\"Floating-rate notes due 2017\"},{\"bbox\":[208.3,1152.6,516.9,1183.3],\"text\":\"6.30% debentures due 2026\"},{\"bbox\":[208.3,1188.7,455.2,1219.4],\"text\":\"0.70% notes due 2016\"},{\"bbox\":[208.3,1224.8,455.2,1255.5],\"text\":\"2.25% notes due 2016\"},{\"bbox\":[208.3,1260.9,584.1,1291.6],\"text\":\"Floating-rate borrowing due 2016\"},{\"bbox\":[208.3,1297.0,271.6,1327.8],\"text\":\"Other\"}],\"order\":4,\"text\":\"2.75% notes due 2025\\n3.70% notes due 2045\\n2.80% notes due 2023\\n5.00% notes due 2019\\n4.15% notes due 2043\\n1.85% notes due 2020\\n2.35% notes due 2022\\n3.875% notes due 2021\\n1.125% euro-denominated notes due 2021\\n1.875% euro-denominated notes due 2026\\n2.40% notes due 2022\\nFloating-rate borrowing due 2018\\n1.10% notes due 2018\\n1.30% notes due 2018\\n6.50% notes due 2033\\nFloating-rate notes due 2020\\n6.55% notes due 2037\\n2.50% euro-denominated notes due 2034\\n3.60% notes due 2042\\n5.85% notes due 2039\\n5.75% notes due 2036\\n5.95% debentures due 2028\\n6.40% debentures due 2028\\nFloating-rate notes due 2017\\n6.30% debentures due 2026\\n0.70% notes due 2016\\n2.25% notes due 2016\\nFloating-rate borrowing due 2016\\nOther\"},{\"bbox\":[1386.1,249.8,1490.7,1363.9],\"lines\":[{\"bbox\":[1411.1,249.8,1466.7,280.5],\"text\":\"2014\"},{\"bbox\":[1462.9,285.9,1490.7,316.6],\"text\":\"—\"},{\"bbox\":[1462.9,322.0,1490.7,352.8],\"text\":\"—\"},{\"bbox\":[1428.2,358.1,1490.7,388.9],\"text\":\"1,749\"},{\"bbox\":[1428.2,394.2,1490.7,425.0],\"text\":\"1,291\"},{\"bbox\":[1428.2,430.3,1490.7,461.1],\"text\":\"1,246\"},{\"bbox\":[1462.9,466.4,1490.7,497.2],\"text\":\"—\"},{\"bbox\":[1462.9,502.6,1490.7,533.3],\"text\":\"—\"},{\"bbox\":[1428.2,538.7,1490.7,569.4],\"text\":\"1,150\"},{\"bbox\":[1428.2,574.8,1490.7,605.5],\"text\":\"1,218\"},{\"bbox\":[1428.2,610.9,1490.7,641.6],\"text\":\"1,210\"},{\"bbox\":[1428.2,647.0,1490.7,677.8],\"text\":\"1,000\"},{\"bbox\":[1428.2,683.1,1490.7,713.9],\"text\":\"1,000\"},{\"bbox\":[1449.0,719.2,1490.7,750.0],\"text\":\"999\"},{\"bbox\":[1449.0,755.3,1490.7,786.1],\"text\":\"984\"},{\"bbox\":[1449.0,791.4,1490.7,822.2],\"text\":\"812\"},{\"bbox\":[1462.9,827.6,1490.7,858.3],\"text\":\"—\"},{\"bbox\":[1449.0,863.7,1490.7,894.4],\"text\":\"597\"},{\"bbox\":[1449.0,899.8,1490.7,930.5],\"text\":\"603\"},{\"bbox\":[1449.0,935.9,1490.7,966.6],\"text\":\"493\"},{\"bbox\":[1449.0,972.0,1490.7,1002.8],\"text\":\"418\"},{\"bbox\":[1449.0,1008.1,1490.7,1038.9],\"text\":\"371\"},{\"bbox\":[1449.0,1044.2,1490.7,1075.0],\"text\":\"356\"},{\"bbox\":[1449.0,1080.3,1490.7,1111.1],\"text\":\"326\"},{\"bbox\":[1462.9,1116.4,1490.7,1147.2],\"text\":\"—\"},{\"bbox\":[1449.0,1152.6,1490.7,1183.3],\"text\":\"152\"},{\"bbox\":[1449.0,1188.7,1490.7,1219.4],\"text\":\"998\"},{\"bbox\":[1449.0,1224.8,1490.7,1255.5],\"text\":\"858\"},{\"bbox\":[1449.0,1260.9,1490.7,1291.6],\"text\":\"500\"},{\"bbox\":[1449.0,1297.0,1490.7,1327.8],\"text\":\"368\"},{\"bbox\":[1386.1,1333.1,1490.6,1363.9],\"text\":\"$ 18,699\"}],\"order\":5,\"text\":\"2014\\n—\\n—\\n1,749\\n1,291\\n1,246\\n—\\n—\\n1,150\\n1,218\\n1,210\\n1,000\\n1,000\\n999\\n984\\n812\\n—\\n597\\n603\\n493\\n418\\n371\\n356\\n326\\n—\\n152\\n998\\n858\\n500\\n368\\n$ 18,699\"},{\"bbox\":[1386.1,285.9,1400.0,316.6],\"lines\":[{\"bbox\":[1386.1,285.9,1400.0,316.6],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[200.0,1391.6,1500.1,1522.4],\"lines\":[{\"bbox\":[325.0,1391.6,1500.1,1422.4],\"text\":\"Other (as presented in the table above) included $225 million and $309 million at December 31, 2015 and\"},{\"bbox\":[200.0,1425.0,1500.0,1455.7],\"text\":\"2014, respectively, of borrowings at variable rates that resulted in effective interest rates of zero for 2015 and 2014.\"},{\"bbox\":[200.0,1458.3,1500.0,1489.1],\"text\":\"Other also included foreign borrowings of $43 million and $53 million at December 31, 2015 and 2014, respectively,\"},{\"bbox\":[200.0,1491.6,792.2,1522.4],\"text\":\"at varying rates up to 4.75% and 6.25%, respectively.\"}],\"order\":7,\"text\":\"Other (as presented in the table above) included $225 million and $309 million at December 31, 2015 and\\n2014, respectively, of borrowings at variable rates that resulted in effective interest rates of zero for 2015 and 2014.\\nOther also included foreign borrowings of $43 million and $53 million at December 31, 2015 and 2014, respectively,\\nat varying rates up to 4.75% and 6.25%, respectively.\"},{\"bbox\":[200.0,1541.6,1500.0,1605.7],\"lines\":[{\"bbox\":[325.0,1541.6,1500.0,1572.4],\"text\":\"With the exception of the 6.30% debentures due 2026, the notes listed in the table above are redeemable in\"},{\"bbox\":[200.0,1575.0,1056.2,1605.7],\"text\":\"whole or in part, at Merck’s option at any time, at varying redemption prices.\"}],\"order\":8,\"text\":\"With the exception of the 6.30% debentures due 2026, the notes listed in the table above are redeemable in\\nwhole or in part, at Merck’s option at any time, at varying redemption prices.\"},{\"bbox\":[200.0,1622.2,1500.1,1886.3],\"lines\":[{\"bbox\":[325.0,1622.2,1500.0,1652.9],\"text\":\"In February 2015, Merck issued $8.0 billion aggregate principal amount of senior unsecured notes consisting\"},{\"bbox\":[200.0,1655.5,1500.0,1686.3],\"text\":\"of $300 million principal amount of floating rate notes due 2017, $700 million principal amount of floating rate notes\"},{\"bbox\":[200.0,1688.9,1500.0,1719.6],\"text\":\"due 2020, $1.25 billion principal amount of 1.85% notes due 2020, $1.25 billion aggregate principal amount of 2.35%\"},{\"bbox\":[200.0,1722.2,1500.1,1752.9],\"text\":\"notes due 2022, $2.5 billion aggregate principal amount of 2.75% notes due 2025 and $2.0 billion aggregate principal\"},{\"bbox\":[200.0,1755.5,1500.0,1786.3],\"text\":\"amount of 3.70% notes due 2045. The Company used a portion of the net proceeds of the offering of $7.9 billion to\"},{\"bbox\":[200.0,1788.9,1500.0,1819.6],\"text\":\"repay commercial paper issued to substantially finance the Company’s acquisition of Cubist. The remaining net proceeds\"},{\"bbox\":[200.0,1822.2,1500.1,1852.9],\"text\":\"were used for general corporate purposes, including for repurchases of the Company’s common stock, and the repayment\"},{\"bbox\":[200.0,1855.5,926.7,1886.3],\"text\":\"of outstanding commercial paper borrowings and debt maturities.\"}],\"order\":9,\"text\":\"In February 2015, Merck issued $8.0 billion aggregate principal amount of senior unsecured notes consisting\\nof $300 million principal amount of floating rate notes due 2017, $700 million principal amount of floating rate notes\\ndue 2020, $1.25 billion principal amount of 1.85% notes due 2020, $1.25 billion aggregate principal amount of 2.35%\\nnotes due 2022, $2.5 billion aggregate principal amount of 2.75% notes due 2025 and $2.0 billion aggregate principal\\namount of 3.70% notes due 2045. The Company used a portion of the net proceeds of the offering of $7.9 billion to\\nrepay commercial paper issued to substantially finance the Company’s acquisition of Cubist. The remaining net proceeds\\nwere used for general corporate purposes, including for repurchases of the Company’s common stock, and the repayment\\nof outstanding commercial paper borrowings and debt maturities.\"},{\"bbox\":[200.0,1902.8,1500.1,1966.8],\"lines\":[{\"bbox\":[325.0,1902.8,1500.1,1933.5],\"text\":\"Also, in February 2015, the Company redeemed $1.9 billion of legacy Cubist debt acquired in the acquisition\"},{\"bbox\":[200.0,1936.1,342.7,1966.8],\"text\":\"(see Note 4).\"}],\"order\":10,\"text\":\"Also, in February 2015, the Company redeemed $1.9 billion of legacy Cubist debt acquired in the acquisition\\n(see Note 4).\"},{\"bbox\":[829.2,2006.9,870.8,2037.7],\"lines\":[{\"bbox\":[829.2,2006.9,870.8,2037.7],\"text\":\"103\"}],\"order\":11,\"text\":\"103\"}],\"doc\":\"fintabnet:MRK_2015\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nLong-term debt at December 31 consisted of:\\n\\n2015\\n2,496\\n1,989\\n1,749\\n1,285\\n1,247\\n1,243\\n1,237\\n1,161\\n1,096\\n1,090\\n1,014\\n1,000\\n999\\n987\\n809\\n700\\n596\\n543\\n493\\n418\\n371\\n356\\n326\\n300\\n152\\n—\\n—\\n—\\n272\\n$ 23,929\\n\\n$\\n\\n2.75% notes due 2025\\n3.70% notes due 2045\\n2.80% notes due 2023\\n5.00% notes due 2019\\n4.15% notes due 2043\\n1.85% notes due 2020\\n2.35% notes due 2022\\n3.875% notes due 2021\\n1.125% euro-denominated notes due 2021\\n1.875% euro-denominated notes due 2026\\n2.40% notes due 2022\\nFloating-rate borrowing due 2018\\n1.10% notes due 2018\\n1.30% notes due 2018\\n6.50% notes due 2033\\nFloating-rate notes due 2020\\n6.55% notes due 2037\\n2.50% euro-denominated notes due 2034\\n3.60% notes due 2042\\n5.85% notes due 2039\\n5.75% notes due 2036\\n5.95% debentures due 2028\\n6.40% debentures due 2028\\nFloating-rate notes due 2017\\n6.30% debentures due 2026\\n0.70% notes due 2016\\n2.25% notes due 2016\\nFloating-rate borrowing due 2016\\nOther\\n\\n2014\\n—\\n—\\n1,749\\n1,291\\n1,246\\n—\\n—\\n1,150\\n1,218\\n1,210\\n1,000\\n1,000\\n999\\n984\\n812\\n—\\n597\\n603\\n493\\n418\\n371\\n356\\n326\\n—\\n152\\n998\\n858\\n500\\n368\\n$ 18,699\\n\\n$\\n\\nOther (as presented in the table above) included $225 million and $309 million at December 31, 2015 and\\n2014, respectively, of borrowings at variable rates that resulted in effective interest rates of zero for 2015 and 2014.\\nOther also included foreign borrowings of $43 million and $53 million at December 31, 2015 and 2014, respectively,\\nat varying rates up to 4.75% and 6.25%, respectively.\\n\\nWith the exception of the 6.30% debentures due 2026, the notes listed in the table above are redeemable in\\nwhole or in part, at Merck’s option at any time, at varying redemption prices.\\n\\nIn February 2015, Merck issued $8.0 billion aggregate principal amount of senior unsecured notes consisting\\nof $300 million principal amount of floating rate notes due 2017, $700 million principal amount of floating rate notes\\ndue 2020, $1.25 billion principal amount of 1.85% notes due 2020, $1.25 billion aggregate principal amount of 2.35%\\nnotes due 2022, $2.5 billion aggregate principal amount of 2.75% notes due 2025 and $2.0 billion aggregate principal\\namount of 3.70% notes due 2045. The Company used a portion of the net proceeds of the offering of $7.9 billion to\\nrepay commercial paper issued to substantially finance the Company’s acquisition of Cubist. The remaining net proceeds\\nwere used for general corporate purposes, including for repurchases of the Company’s common stock, and the repayment\\nof outstanding commercial paper borrowings and debt maturities.\\n\\nAlso, in February 2015, the Company redeemed $1.9 billion of legacy Cubist debt acquired in the acquisition\\n(see Note 4).\\n\\n103\",\"name\":\"fintabnet.MRK_2015_page_105__200dpi_mild\",\"page_id\":\"fintabnet.MRK_2015_page_105\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"MRK_2015_page_105\",\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.541},{\"gain\":0.916,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":83}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[208.3,249.3,1490.7,1363.9],\"block_orders\":[2,3,4,5,6],\"cells\":null}],\"text\":\"Table of Contents\\n\\nLong-term debt at December 31 consisted of:\\n\\n2015\\n2,496\\n1,989\\n1,749\\n1,285\\n1,247\\n1,243\\n1,237\\n1,161\\n1,096\\n1,090\\n1,014\\n1,000\\n999\\n987\\n809\\n700\\n596\\n543\\n493\\n418\\n371\\n356\\n326\\n300\\n152\\n—\\n—\\n—\\n272\\n$ 23,929\\n\\n$\\n\\n2.75% notes due 2025\\n3.70% notes due 2045\\n2.80% notes due 2023\\n5.00% notes due 2019\\n4.15% notes due 2043\\n1.85% notes due 2020\\n2.35% notes due 2022\\n3.875% notes due 2021\\n1.125% euro-denominated notes due 2021\\n1.875% euro-denominated notes due 2026\\n2.40% notes due 2022\\nFloating-rate borrowing due 2018\\n1.10% notes due 2018\\n1.30% notes due 2018\\n6.50% notes due 2033\\nFloating-rate notes due 2020\\n6.55% notes due 2037\\n2.50% euro-denominated notes due 2034\\n3.60% notes due 2042\\n5.85% notes due 2039\\n5.75% notes due 2036\\n5.95% debentures due 2028\\n6.40% debentures due 2028\\nFloating-rate notes due 2017\\n6.30% debentures due 2026\\n0.70% notes due 2016\\n2.25% notes due 2016\\nFloating-rate borrowing due 2016\\nOther\\n\\n2014\\n—\\n—\\n1,749\\n1,291\\n1,246\\n—\\n—\\n1,150\\n1,218\\n1,210\\n1,000\\n1,000\\n999\\n984\\n812\\n—\\n597\\n603\\n493\\n418\\n371\\n356\\n326\\n—\\n152\\n998\\n858\\n500\\n368\\n$ 18,699\\n\\n$\\n\\nOther (as presented in the table above) included $225 million and $309 million at December 31, 2015 and\\n2014, respectively, of borrowings at variable rates that resulted in effective interest rates of zero for 2015 and 2014.\\nOther also included foreign borrowings of $43 million and $53 million at December 31, 2015 and 2014, respectively,\\nat varying rates up to 4.75% and 6.25%, respectively.\\n\\nWith the exception of the 6.30% debentures due 2026, the notes listed in the table above are redeemable in\\nwhole or in part, at Merck’s option at any time, at varying redemption prices.\\n\\nIn February 2015, Merck issued $8.0 billion aggregate principal amount of senior unsecured notes consisting\\nof $300 million principal amount of floating rate notes due 2017, $700 million principal amount of floating rate notes\\ndue 2020, $1.25 billion principal amount of 1.85% notes due 2020, $1.25 billion aggregate principal amount of 2.35%\\nnotes due 2022, $2.5 billion aggregate principal amount of 2.75% notes due 2025 and $2.0 billion aggregate principal\\namount of 3.70% notes due 2045. The Company used a portion of the net proceeds of the offering of $7.9 billion to\\nrepay commercial paper issued to substantially finance the Company’s acquisition of Cubist. The remaining net proceeds\\nwere used for general corporate purposes, including for repurchases of the Company’s common stock, and the repayment\\nof outstanding commercial paper borrowings and debt maturities.\\n\\nAlso, in February 2015, the Company redeemed $1.9 billion of legacy Cubist debt acquired in the acquisition\\n(see Note 4).\\n\\n103\"},\"name\":\"fintabnet.MRK_2015_page_105__200dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":341977,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:MRK_2015\",\"dpi\":200,\"gt_sha256\":\"2cdbae165a71e2bd7a07ccb338db9d5f23333c9bdf992ecf32c55ebda8cffdbd\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MRK_2015_page_105__200dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.MRK_2015_page_105\",\"pdf_sha256\":\"2737f6a1c0ca4b706b0b0f9087e660c1f6002b9ce5b0682125e975c864f685ad\",\"px\":[1700,2200],\"scan\":{\"render\":\"000000003ffc380c3e0c3c0c3c0c380c380c3ffc3ffc1ffc3ffc3ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"MRK_2015_page_105\",\"src\":{\"file_sha256\":\"c9c2d19d0aa1798b5c7a989d918a882895cf69e0f3cac786554ce955ea5eb85c\",\"render\":\"000000003ffc380c3e0c3c0c3c0c380c380c3ffc3ffc1ffc3ffc3ffc00000000\",\"text\":\"d6f99a9c74bb88aeea8f2fa3c8c016eab9bde398f63c63cdddaaad94a8ae3cde\"},\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.541},{\"gain\":0.916,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":83}],\"tools\":\"21647cade0ee\"},\"sha256\":\"2737f6a1c0ca4b706b0b0f9087e660c1f6002b9ce5b0682125e975c864f685ad\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/2737f6a1c0ca4b706b0b0f9087e660c1f6002b9ce5b0682125e975c864f685ad.pdf","asset_sha256":"2737f6a1c0ca4b706b0b0f9087e660c1f6002b9ce5b0682125e975c864f685ad","document_id":"fintabnet:MRK_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MRK_2015_page_105\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MRO_2004_page_96\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:MRO_2004\",\"ground_truth\":{\"blocks\":[{\"bbox\":[50.8,37.6,242.2,52.2],\"lines\":[{\"bbox\":[50.8,37.6,242.2,52.2],\"text\":\"6. Discontinued Operations\"}],\"order\":0,\"text\":\"6. Discontinued Operations\"},{\"bbox\":[107.8,62.6,784.0,188.2],\"lines\":[{\"bbox\":[108.9,62.6,783.9,81.3],\"text\":\"On October 1, 2003, Marathon sold its exploration and production operations in western Canada for $612 million. This\"},{\"bbox\":[108.7,77.8,783.8,96.5],\"text\":\"divestiture decision was made as part of Marathon’s strategic plan to rationalize noncore oil and gas properties. The\"},{\"bbox\":[108.6,93.1,783.6,111.8],\"text\":\"results of these operations have been reported separately as discontinued operations in Marathon’s Consolidated\"},{\"bbox\":[108.4,108.4,783.5,127.1],\"text\":\"Statement of Income. The sale resulted in a gain of $278 million, including a tax benefit of $8 million, which has been\"},{\"bbox\":[108.3,123.7,783.3,142.4],\"text\":\"reported in discontinued operations. Revenues applicable to the discontinued operations totaled $188 million and\"},{\"bbox\":[108.1,139.0,783.1,157.6],\"text\":\"$165 million for 2003 and 2002. Pretax income or loss from discontinued operations was income of $66 million for 2003\"},{\"bbox\":[108.0,154.2,783.1,172.9],\"text\":\"and a loss of $4 million for 2002. During 2004, the final working capital adjustment was determined, which resulted in\"},{\"bbox\":[107.8,169.5,549.5,185.8],\"text\":\"an additional gain of $4 million and is reported in discontinued operations.\"}],\"order\":1,\"text\":\"On October 1, 2003, Marathon sold its exploration and production operations in western Canada for $612 million. This\\ndivestiture decision was made as part of Marathon’s strategic plan to rationalize noncore oil and gas properties. The\\nresults of these operations have been reported separately as discontinued operations in Marathon’s Consolidated\\nStatement of Income. The sale resulted in a gain of $278 million, including a tax benefit of $8 million, which has been\\nreported in discontinued operations. Revenues applicable to the discontinued operations totaled $188 million and\\n$165 million for 2003 and 2002. Pretax income or loss from discontinued operations was income of $66 million for 2003\\nand a loss of $4 million for 2002. During 2004, the final working capital adjustment was determined, which resulted in\\nan additional gain of $4 million and is reported in discontinued operations.\"},{\"bbox\":[49.1,208.4,260.0,223.2],\"lines\":[{\"bbox\":[49.1,208.4,260.0,223.2],\"text\":\"7. Income Per Common Share\"}],\"order\":2,\"text\":\"7. Income Per Common Share\"},{\"bbox\":[106.8,263.6,328.7,276.3],\"lines\":[{\"bbox\":[106.8,263.6,328.7,276.3],\"text\":\"(Dollars in millions, except per share data)\"}],\"order\":3,\"text\":\"(Dollars in millions, except per share data)\"},{\"bbox\":[435.5,267.0,466.9,277.7],\"lines\":[{\"bbox\":[435.5,267.0,466.9,277.7],\"text\":\"Basic\"}],\"order\":4,\"text\":\"Basic\"},{\"bbox\":[469.4,250.6,535.2,278.4],\"lines\":[{\"bbox\":[469.6,250.6,495.2,261.4],\"text\":\"2004\"},{\"bbox\":[491.5,267.5,535.0,278.4],\"text\":\"Diluted\"}],\"order\":5,\"text\":\"2004\\nDiluted\"},{\"bbox\":[560.5,268.2,588.4,279.0],\"lines\":[{\"bbox\":[560.5,268.2,588.4,279.0],\"text\":\"Basic\"}],\"order\":6,\"text\":\"Basic\"},{\"bbox\":[592.3,251.9,654.5,279.7],\"lines\":[{\"bbox\":[592.5,251.9,617.3,262.6],\"text\":\"2003\"},{\"bbox\":[615.5,268.8,654.3,279.7],\"text\":\"Diluted\"}],\"order\":7,\"text\":\"2003\\nDiluted\"},{\"bbox\":[681.4,269.5,709.3,280.2],\"lines\":[{\"bbox\":[681.4,269.5,709.3,280.2],\"text\":\"Basic\"}],\"order\":8,\"text\":\"Basic\"},{\"bbox\":[713.2,253.1,775.4,280.9],\"lines\":[{\"bbox\":[713.3,253.1,738.2,263.8],\"text\":\"2002\"},{\"bbox\":[736.4,270.0,775.2,280.9],\"text\":\"Diluted\"}],\"order\":9,\"text\":\"2002\\nDiluted\"},{\"bbox\":[106.3,283.4,408.8,326.0],\"lines\":[{\"bbox\":[106.6,283.4,311.3,297.3],\"text\":\"Income from continuing operations\"},{\"bbox\":[106.5,297.3,357.6,311.6],\"text\":\"Income (loss) from discontinued operations\"},{\"bbox\":[106.3,311.2,408.5,326.0],\"text\":\"Cumulative effect of change in accounting principle\"}],\"order\":10,\"text\":\"Income from continuing operations\\nIncome (loss) from discontinued operations\\nCumulative effect of change in accounting principle\"},{\"bbox\":[424.1,286.6,431.4,298.5],\"lines\":[{\"bbox\":[424.1,286.6,431.4,298.5],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[445.4,286.9,493.4,326.9],\"lines\":[{\"bbox\":[445.6,286.9,493.4,299.1],\"text\":\"1,257 $\"},{\"bbox\":[470.5,301.0,477.8,312.9],\"text\":\"4\"},{\"bbox\":[464.1,314.8,470.5,326.7],\"text\":\"–\"}],\"order\":12,\"text\":\"1,257 $\\n4\\n–\"},{\"bbox\":[507.4,287.5,555.2,327.5],\"lines\":[{\"bbox\":[507.7,287.5,555.2,299.8],\"text\":\"1,257 $\"},{\"bbox\":[532.5,301.6,539.8,313.5],\"text\":\"4\"},{\"bbox\":[526.1,315.5,532.5,327.3],\"text\":\"–\"}],\"order\":13,\"text\":\"1,257 $\\n4\\n–\"},{\"bbox\":[568.7,288.1,615.7,328.2],\"lines\":[{\"bbox\":[569.0,288.1,615.7,300.4],\"text\":\"1,012 $\"},{\"bbox\":[579.3,302.1,600.3,314.1],\"text\":\"305\"},{\"bbox\":[593.0,316.2,600.1,328.0],\"text\":\"4\"}],\"order\":14,\"text\":\"1,012 $\\n305\\n4\"},{\"bbox\":[629.2,288.7,676.1,328.8],\"lines\":[{\"bbox\":[629.5,288.7,676.1,301.0],\"text\":\"1,012 $\"},{\"bbox\":[639.7,302.7,660.7,314.7],\"text\":\"305\"},{\"bbox\":[653.5,316.8,660.6,328.6],\"text\":\"4\"}],\"order\":15,\"text\":\"1,012 $\\n305\\n4\"},{\"bbox\":[700.0,289.5,736.6,329.4],\"lines\":[{\"bbox\":[700.3,289.5,736.6,301.6],\"text\":\"507 $\"},{\"bbox\":[709.9,303.5,725.3,315.4],\"text\":\"(4)\"},{\"bbox\":[707.0,317.3,721.0,329.2],\"text\":\"13\"}],\"order\":16,\"text\":\"507 $\\n(4)\\n13\"},{\"bbox\":[760.5,290.1,785.9,329.9],\"lines\":[{\"bbox\":[760.8,290.1,781.7,302.1],\"text\":\"507\"},{\"bbox\":[770.3,304.1,785.7,316.0],\"text\":\"(4)\"},{\"bbox\":[767.4,317.9,781.4,329.9],\"text\":\"13\"}],\"order\":17,\"text\":\"507\\n(4)\\n13\"},{\"bbox\":[106.1,330.6,172.7,343.1],\"lines\":[{\"bbox\":[106.1,330.6,172.7,343.1],\"text\":\"Net income\"}],\"order\":18,\"text\":\"Net income\"},{\"bbox\":[423.6,333.9,430.9,345.7],\"lines\":[{\"bbox\":[423.6,333.9,430.9,345.7],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[445.2,334.1,493.0,346.3],\"lines\":[{\"bbox\":[445.2,334.1,493.0,346.3],\"text\":\"1,261 $\"}],\"order\":20,\"text\":\"1,261 $\"},{\"bbox\":[507.2,334.7,554.8,347.0],\"lines\":[{\"bbox\":[507.2,334.7,554.8,347.0],\"text\":\"1,261 $\"}],\"order\":21,\"text\":\"1,261 $\"},{\"bbox\":[568.5,335.3,615.2,347.6],\"lines\":[{\"bbox\":[568.5,335.3,615.2,347.6],\"text\":\"1,321 $\"}],\"order\":22,\"text\":\"1,321 $\"},{\"bbox\":[629.0,336.0,675.6,348.2],\"lines\":[{\"bbox\":[629.0,336.0,675.6,348.2],\"text\":\"1,321 $\"}],\"order\":23,\"text\":\"1,321 $\"},{\"bbox\":[699.8,336.7,736.1,348.8],\"lines\":[{\"bbox\":[699.8,336.7,736.1,348.8],\"text\":\"516 $\"}],\"order\":24,\"text\":\"516 $\"},{\"bbox\":[760.3,337.3,781.3,349.3],\"lines\":[{\"bbox\":[760.3,337.3,781.3,349.3],\"text\":\"516\"}],\"order\":25,\"text\":\"516\"},{\"bbox\":[105.6,352.1,398.2,394.7],\"lines\":[{\"bbox\":[105.9,352.1,397.0,366.9],\"text\":\"Shares of common stock outstanding (thousands):\"},{\"bbox\":[118.3,366.2,398.1,380.8],\"text\":\"Average number of common shares outstanding\"},{\"bbox\":[118.1,380.0,367.5,394.4],\"text\":\"Effect of dilutive securities – stock options\"}],\"order\":26,\"text\":\"Shares of common stock outstanding (thousands):\\nAverage number of common shares outstanding\\nEffect of dilutive securities – stock options\"},{\"bbox\":[430.3,369.4,477.1,395.5],\"lines\":[{\"bbox\":[430.5,369.4,477.1,381.6],\"text\":\"336,485\"},{\"bbox\":[463.4,383.6,469.8,395.4],\"text\":\"–\"}],\"order\":27,\"text\":\"336,485\\n–\"},{\"bbox\":[492.3,370.0,539.1,396.1],\"lines\":[{\"bbox\":[492.5,370.0,539.1,382.2],\"text\":\"336,485\"},{\"bbox\":[506.7,384.0,539.0,396.1],\"text\":\"1,768\"}],\"order\":28,\"text\":\"336,485\\n1,768\"},{\"bbox\":[554.1,370.6,599.6,396.7],\"lines\":[{\"bbox\":[554.3,370.6,599.6,382.9],\"text\":\"310,129\"},{\"bbox\":[585.4,384.8,592.5,396.7],\"text\":\"–\"}],\"order\":29,\"text\":\"310,129\\n–\"},{\"bbox\":[614.6,371.2,660.0,397.4],\"lines\":[{\"bbox\":[614.7,371.2,660.0,383.5],\"text\":\"310,129\"},{\"bbox\":[638.9,385.4,659.9,397.4],\"text\":\"197\"}],\"order\":30,\"text\":\"310,129\\n197\"},{\"bbox\":[675.0,371.9,720.4,398.0],\"lines\":[{\"bbox\":[675.1,371.9,720.4,384.1],\"text\":\"309,792\"},{\"bbox\":[706.3,386.1,713.3,397.9],\"text\":\"–\"}],\"order\":31,\"text\":\"309,792\\n–\"},{\"bbox\":[735.4,372.5,780.9,398.6],\"lines\":[{\"bbox\":[735.6,372.5,780.9,384.7],\"text\":\"309,792\"},{\"bbox\":[759.8,386.6,780.7,398.6],\"text\":\"159\"}],\"order\":32,\"text\":\"309,792\\n159\"},{\"bbox\":[117.9,399.5,402.5,414.2],\"lines\":[{\"bbox\":[117.9,399.5,402.5,414.2],\"text\":\"Average 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$\"},{\"bbox\":[755.7,441.4,780.2,453.5],\"lines\":[{\"bbox\":[755.7,441.4,780.2,453.5],\"text\":\"1.63\"}],\"order\":47,\"text\":\"1.63\"},{\"bbox\":[117.4,456.4,368.5,470.8],\"lines\":[{\"bbox\":[117.4,456.4,368.5,470.8],\"text\":\"Income (loss) from discontinued operations\"}],\"order\":48,\"text\":\"Income (loss) from discontinued operations\"},{\"bbox\":[422.3,459.6,429.6,471.4],\"lines\":[{\"bbox\":[422.3,459.6,429.6,471.4],\"text\":\"$\"}],\"order\":49,\"text\":\"$\"},{\"bbox\":[458.2,459.9,491.7,472.0],\"lines\":[{\"bbox\":[458.2,459.9,491.7,472.0],\"text\":\".01 $\"}],\"order\":50,\"text\":\".01 $\"},{\"bbox\":[520.3,460.6,553.5,472.7],\"lines\":[{\"bbox\":[520.3,460.6,553.5,472.7],\"text\":\".01 $\"}],\"order\":51,\"text\":\".01 $\"},{\"bbox\":[581.1,461.2,613.9,473.3],\"lines\":[{\"bbox\":[581.1,461.2,613.9,473.3],\"text\":\".99 $\"}],\"order\":52,\"text\":\".99 $\"},{\"bbox\":[641.6,461.8,674.3,473.9],\"lines\":[{\"bbox\":[641.6,461.8,674.3,473.9],\"text\":\".99 $\"}],\"order\":53,\"text\":\".99 $\"},{\"bbox\":[697.9,462.4,734.8,474.5],\"lines\":[{\"bbox\":[697.9,462.4,734.8,474.5],\"text\":\"(.01) $\"}],\"order\":54,\"text\":\"(.01) $\"},{\"bbox\":[758.3,463.0,784.1,475.0],\"lines\":[{\"bbox\":[758.3,463.0,784.1,475.0],\"text\":\"(.01)\"}],\"order\":55,\"text\":\"(.01)\"},{\"bbox\":[117.0,478.0,363.8,506.1],\"lines\":[{\"bbox\":[117.1,478.0,363.8,492.3],\"text\":\"Cumulative effect of change in accounting\"},{\"bbox\":[129.5,492.0,180.8,504.3],\"text\":\"principle\"}],\"order\":56,\"text\":\"Cumulative effect of change in accounting\\nprinciple\"},{\"bbox\":[422.0,495.0,429.3,506.8],\"lines\":[{\"bbox\":[422.0,495.0,429.3,506.8],\"text\":\"$\"}],\"order\":57,\"text\":\"$\"},{\"bbox\":[462.3,495.4,468.6,507.2],\"lines\":[{\"bbox\":[462.3,495.4,468.6,507.2],\"text\":\"–\"}],\"order\":58,\"text\":\"–\"},{\"bbox\":[524.3,496.0,530.7,507.9],\"lines\":[{\"bbox\":[524.3,496.0,530.7,507.9],\"text\":\"–\"}],\"order\":59,\"text\":\"–\"},{\"bbox\":[546.0,496.2,553.1,508.1],\"lines\":[{\"bbox\":[546.0,496.2,553.1,508.1],\"text\":\"$\"}],\"order\":60,\"text\":\"$\"},{\"bbox\":[580.8,496.6,613.5,508.7],\"lines\":[{\"bbox\":[580.8,496.6,613.5,508.7],\"text\":\".01 $\"}],\"order\":61,\"text\":\".01 $\"},{\"bbox\":[641.2,497.2,674.0,509.3],\"lines\":[{\"bbox\":[641.2,497.2,674.0,509.3],\"text\":\".01 $\"}],\"order\":62,\"text\":\".01 $\"},{\"bbox\":[701.7,497.8,734.4,509.9],\"lines\":[{\"bbox\":[701.7,497.8,734.4,509.9],\"text\":\".04 $\"}],\"order\":63,\"text\":\".04 $\"},{\"bbox\":[762.1,498.5,779.6,510.4],\"lines\":[{\"bbox\":[762.1,498.5,779.6,510.4],\"text\":\".04\"}],\"order\":64,\"text\":\".04\"},{\"bbox\":[116.8,513.4,183.3,525.8],\"lines\":[{\"bbox\":[116.8,513.4,183.3,525.8],\"text\":\"Net income\"}],\"order\":65,\"text\":\"Net income\"},{\"bbox\":[421.8,516.5,429.1,528.3],\"lines\":[{\"bbox\":[421.8,516.5,429.1,528.3],\"text\":\"$\"}],\"order\":66,\"text\":\"$\"},{\"bbox\":[450.5,516.8,491.1,529.0],\"lines\":[{\"bbox\":[450.5,516.8,491.1,529.0],\"text\":\"3.75 $\"}],\"order\":67,\"text\":\"3.75 $\"},{\"bbox\":[512.5,517.4,552.9,529.6],\"lines\":[{\"bbox\":[512.5,517.4,552.9,529.6],\"text\":\"3.73 $\"}],\"order\":68,\"text\":\"3.73 $\"},{\"bbox\":[573.6,518.0,613.3,530.2],\"lines\":[{\"bbox\":[573.6,518.0,613.3,530.2],\"text\":\"4.26 $\"}],\"order\":69,\"text\":\"4.26 $\"},{\"bbox\":[634.1,518.7,673.8,530.8],\"lines\":[{\"bbox\":[634.1,518.7,673.8,530.8],\"text\":\"4.26 $\"}],\"order\":70,\"text\":\"4.26 $\"},{\"bbox\":[694.5,519.3,734.2,531.5],\"lines\":[{\"bbox\":[694.5,519.3,734.2,531.5],\"text\":\"1.66 $\"}],\"order\":71,\"text\":\"1.66 $\"},{\"bbox\":[754.9,519.9,779.4,531.9],\"lines\":[{\"bbox\":[754.9,519.9,779.4,531.9],\"text\":\"1.66\"}],\"order\":72,\"text\":\"1.66\"},{\"bbox\":[484.0,495.6,491.3,507.4],\"lines\":[{\"bbox\":[484.0,495.6,491.3,507.4],\"text\":\"$\"}],\"order\":73,\"text\":\"$\"},{\"bbox\":[45.5,557.7,211.8,572.0],\"lines\":[{\"bbox\":[45.5,557.7,211.8,572.0],\"text\":\"8. Segment Information\"}],\"order\":74,\"text\":\"8. Segment Information\"},{\"bbox\":[128.6,582.9,312.6,596.6],\"lines\":[{\"bbox\":[128.6,582.9,312.6,596.6],\"text\":\"Revenues by product line were:\"}],\"order\":75,\"text\":\"Revenues by product line were:\"},{\"bbox\":[103.3,611.5,167.9,622.6],\"lines\":[{\"bbox\":[103.3,611.5,167.9,622.6],\"text\":\"(In millions)\"}],\"order\":76,\"text\":\"(In millions)\"},{\"bbox\":[102.5,631.3,306.3,700.7],\"lines\":[{\"bbox\":[103.1,631.3,202.0,644.1],\"text\":\"Refined products\"},{\"bbox\":[102.9,645.2,177.4,657.7],\"text\":\"Merchandise\"},{\"bbox\":[102.8,659.1,223.2,672.1],\"text\":\"Liquid hydrocarbons\"},{\"bbox\":[102.6,673.0,172.7,685.4],\"text\":\"Natural gas\"},{\"bbox\":[102.5,686.8,305.8,700.7],\"text\":\"Transportation and other products\"}],\"order\":77,\"text\":\"Refined products\\nMerchandise\\nLiquid hydrocarbons\\nNatural gas\\nTransportation and other products\"},{\"bbox\":[114.8,706.4,144.5,718.5],\"lines\":[{\"bbox\":[114.8,706.4,144.5,718.5],\"text\":\"Total\"}],\"order\":78,\"text\":\"Total\"},{\"bbox\":[618.6,616.8,644.2,627.5],\"lines\":[{\"bbox\":[618.6,616.8,644.2,627.5],\"text\":\"2004\"}],\"order\":79,\"text\":\"2004\"},{\"bbox\":[681.5,617.4,706.3,628.1],\"lines\":[{\"bbox\":[681.5,617.4,706.3,628.1],\"text\":\"2003\"}],\"order\":80,\"text\":\"2003\"},{\"bbox\":[743.3,618.0,768.1,628.8],\"lines\":[{\"bbox\":[743.3,618.0,768.1,628.8],\"text\":\"2002\"}],\"order\":81,\"text\":\"2002\"},{\"bbox\":[607.3,636.5,654.5,704.3],\"lines\":[{\"bbox\":[607.9,636.5,654.5,648.7],\"text\":\"$29,780\"},{\"bbox\":[622.1,650.5,654.4,662.6],\"text\":\"2,489\"},{\"bbox\":[614.8,664.3,654.2,676.5],\"text\":\"13,860\"},{\"bbox\":[621.8,678.3,654.1,690.4],\"text\":\"3,266\"},{\"bbox\":[632.3,692.3,654.0,704.3],\"text\":\"203\"}],\"order\":82,\"text\":\"$29,780\\n2,489\\n13,860\\n3,266\\n203\"},{\"bbox\":[670.5,637.1,716.3,704.9],\"lines\":[{\"bbox\":[671.0,637.1,716.3,649.3],\"text\":\"$24,092\"},{\"bbox\":[684.8,651.1,716.2,663.2],\"text\":\"2,395\"},{\"bbox\":[677.7,665.0,716.0,677.1],\"text\":\"10,500\"},{\"bbox\":[684.5,678.9,715.9,691.0],\"text\":\"3,796\"},{\"bbox\":[694.8,692.9,715.8,704.9],\"text\":\"180\"}],\"order\":83,\"text\":\"$24,092\\n2,395\\n10,500\\n3,796\\n180\"},{\"bbox\":[732.3,637.7,778.2,705.5],\"lines\":[{\"bbox\":[732.9,637.7,778.2,650.0],\"text\":\"$19,729\"},{\"bbox\":[746.6,651.8,778.0,663.9],\"text\":\"2,521\"},{\"bbox\":[746.5,665.7,777.9,677.8],\"text\":\"6,517\"},{\"bbox\":[746.4,679.5,777.8,691.6],\"text\":\"2,362\"},{\"bbox\":[756.6,693.5,777.6,705.5],\"text\":\"166\"}],\"order\":84,\"text\":\"$19,729\\n2,521\\n6,517\\n2,362\\n166\"},{\"bbox\":[607.1,711.5,653.7,723.7],\"lines\":[{\"bbox\":[607.1,711.5,653.7,723.7],\"text\":\"$49,598\"}],\"order\":85,\"text\":\"$49,598\"},{\"bbox\":[670.3,712.1,715.6,724.3],\"lines\":[{\"bbox\":[670.3,712.1,715.6,724.3],\"text\":\"$40,963\"}],\"order\":86,\"text\":\"$40,963\"},{\"bbox\":[732.1,712.7,777.4,725.0],\"lines\":[{\"bbox\":[732.1,712.7,777.4,725.0],\"text\":\"$31,295\"}],\"order\":87,\"text\":\"$31,295\"},{\"bbox\":[617.0,769.5,642.6,780.3],\"lines\":[{\"bbox\":[617.0,769.5,642.6,780.3],\"text\":\"2004\"}],\"order\":88,\"text\":\"2004\"},{\"bbox\":[679.9,770.2,704.7,780.9],\"lines\":[{\"bbox\":[679.9,770.2,704.7,780.9],\"text\":\"2003\"}],\"order\":89,\"text\":\"2003\"},{\"bbox\":[741.7,770.8,766.6,781.5],\"lines\":[{\"bbox\":[741.7,770.8,766.6,781.5],\"text\":\"2002\"}],\"order\":90,\"text\":\"2002\"},{\"bbox\":[102.0,735.5,500.4,751.3],\"lines\":[{\"bbox\":[102.0,735.5,500.4,751.3],\"text\":\"Matching buy/sell transactions settled in cash by product line were:\"}],\"order\":91,\"text\":\"Matching buy/sell transactions settled in cash by product line were:\"},{\"bbox\":[101.7,764.3,166.4,775.4],\"lines\":[{\"bbox\":[101.7,764.3,166.4,775.4],\"text\":\"(In millions)\"}],\"order\":92,\"text\":\"(In millions)\"},{\"bbox\":[101.4,784.1,222.0,811.0],\"lines\":[{\"bbox\":[101.5,784.1,200.4,796.8],\"text\":\"Refined products\"},{\"bbox\":[101.4,797.9,221.8,811.0],\"text\":\"Liquid hydrocarbons\"}],\"order\":93,\"text\":\"Refined products\\nLiquid hydrocarbons\"},{\"bbox\":[113.7,817.5,143.4,829.6],\"lines\":[{\"bbox\":[113.7,817.5,143.4,829.6],\"text\":\"Total\"}],\"order\":94,\"text\":\"Total\"},{\"bbox\":[606.2,789.2,652.9,815.4],\"lines\":[{\"bbox\":[606.3,789.2,652.9,801.5],\"text\":\"$ 1,226\"},{\"bbox\":[620.5,803.3,652.8,815.4],\"text\":\"7,938\"}],\"order\":95,\"text\":\"$ 1,226\\n7,938\"},{\"bbox\":[669.5,789.9,676.5,801.7],\"lines\":[{\"bbox\":[669.5,789.9,676.5,801.7],\"text\":\"$\"}],\"order\":96,\"text\":\"$\"},{\"bbox\":[683.2,790.0,714.8,816.0],\"lines\":[{\"bbox\":[693.8,790.1,714.8,802.1],\"text\":\"826\"},{\"bbox\":[683.2,803.9,714.6,816.0],\"text\":\"6,332\"}],\"order\":97,\"text\":\"826\\n6,332\"},{\"bbox\":[606.0,822.6,652.6,834.8],\"lines\":[{\"bbox\":[606.0,822.6,652.6,834.8],\"text\":\"$ 9,164\"}],\"order\":98,\"text\":\"$ 9,164\"},{\"bbox\":[669.1,823.2,714.4,835.4],\"lines\":[{\"bbox\":[669.1,823.2,714.4,835.4],\"text\":\"$ 7,158\"}],\"order\":99,\"text\":\"$ 7,158\"},{\"bbox\":[731.3,790.5,738.4,802.4],\"lines\":[{\"bbox\":[731.3,790.5,738.4,802.4],\"text\":\"$\"}],\"order\":100,\"text\":\"$\"},{\"bbox\":[745.1,790.7,776.6,816.6],\"lines\":[{\"bbox\":[755.6,790.8,776.6,802.7],\"text\":\"771\"},{\"bbox\":[745.1,804.5,776.5,816.6],\"text\":\"3,709\"}],\"order\":101,\"text\":\"771\\n3,709\"},{\"bbox\":[731.0,823.8,776.3,836.1],\"lines\":[{\"bbox\":[731.0,823.8,776.3,836.1],\"text\":\"$ 4,480\"}],\"order\":102,\"text\":\"$ 4,480\"},{\"bbox\":[746.5,1030.9,774.1,1043.8],\"lines\":[{\"bbox\":[746.5,1030.9,774.1,1043.8],\"text\":\"F-19\"}],\"order\":103,\"text\":\"F-19\"}],\"doc\":\"fintabnet:MRO_2004\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"6. Discontinued Operations\\n\\nOn October 1, 2003, Marathon sold its exploration and production operations in western Canada for $612 million. This\\ndivestiture decision was made as part of Marathon’s strategic plan to rationalize noncore oil and gas properties. The\\nresults of these operations have been reported separately as discontinued operations in Marathon’s Consolidated\\nStatement of Income. The sale resulted in a gain of $278 million, including a tax benefit of $8 million, which has been\\nreported in discontinued operations. Revenues applicable to the discontinued operations totaled $188 million and\\n$165 million for 2003 and 2002. Pretax income or loss from discontinued operations was income of $66 million for 2003\\nand a loss of $4 million for 2002. During 2004, the final working capital adjustment was determined, which resulted in\\nan additional gain of $4 million and is reported in discontinued operations.\\n\\n7. Income Per Common Share\\n\\n(Dollars in millions, except per share data)\\n\\nBasic\\n\\n2004\\nDiluted\\n\\nBasic\\n\\n2003\\nDiluted\\n\\nBasic\\n\\n2002\\nDiluted\\n\\nIncome from continuing operations\\nIncome (loss) from discontinued operations\\nCumulative effect of change in accounting principle\\n\\n$\\n\\n1,257 $\\n4\\n–\\n\\n1,257 $\\n4\\n–\\n\\n1,012 $\\n305\\n4\\n\\n1,012 $\\n305\\n4\\n\\n507 $\\n(4)\\n13\\n\\n507\\n(4)\\n13\\n\\nNet income\\n\\n$\\n\\n1,261 $\\n\\n1,261 $\\n\\n1,321 $\\n\\n1,321 $\\n\\n516 $\\n\\n516\\n\\nShares of common stock outstanding (thousands):\\nAverage number of common shares outstanding\\nEffect of dilutive securities – stock options\\n\\n336,485\\n–\\n\\n336,485\\n1,768\\n\\n310,129\\n–\\n\\n310,129\\n197\\n\\n309,792\\n–\\n\\n309,792\\n159\\n\\nAverage common shares including dilutive effect\\n\\n336,485\\n\\n338,253\\n\\n310,129\\n\\n310,326\\n\\n309,792\\n\\n309,951\\n\\nPer share:\\nIncome from continuing operations\\n\\n$\\n\\n3.74 $\\n\\n3.72 $\\n\\n3.26 $\\n\\n3.26 $\\n\\n1.63 $\\n\\n1.63\\n\\nIncome (loss) from discontinued operations\\n\\n$\\n\\n.01 $\\n\\n.01 $\\n\\n.99 $\\n\\n.99 $\\n\\n(.01) $\\n\\n(.01)\\n\\nCumulative effect of change in accounting\\nprinciple\\n\\n$\\n\\n–\\n\\n–\\n\\n$\\n\\n.01 $\\n\\n.01 $\\n\\n.04 $\\n\\n.04\\n\\nNet income\\n\\n$\\n\\n3.75 $\\n\\n3.73 $\\n\\n4.26 $\\n\\n4.26 $\\n\\n1.66 $\\n\\n1.66\\n\\n$\\n\\n8. Segment Information\\n\\nRevenues by product line were:\\n\\n(In millions)\\n\\nRefined products\\nMerchandise\\nLiquid hydrocarbons\\nNatural gas\\nTransportation and other products\\n\\nTotal\\n\\n2004\\n\\n2003\\n\\n2002\\n\\n$29,780\\n2,489\\n13,860\\n3,266\\n203\\n\\n$24,092\\n2,395\\n10,500\\n3,796\\n180\\n\\n$19,729\\n2,521\\n6,517\\n2,362\\n166\\n\\n$49,598\\n\\n$40,963\\n\\n$31,295\\n\\n2004\\n\\n2003\\n\\n2002\\n\\nMatching buy/sell transactions settled in cash by product line were:\\n\\n(In millions)\\n\\nRefined products\\nLiquid hydrocarbons\\n\\nTotal\\n\\n$ 1,226\\n7,938\\n\\n$\\n\\n826\\n6,332\\n\\n$ 9,164\\n\\n$ 7,158\\n\\n$\\n\\n771\\n3,709\\n\\n$ 4,480\\n\\nF-19\",\"name\":\"fintabnet.MRO_2004_page_96__100dpi_mild\",\"page_id\":\"fintabnet.MRO_2004_page_96\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.587,\"source\":\"fintabnet\",\"source_id\":\"MRO_2004_page_96\",\"stack\":[{\"deg\":-0.587,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":2.289},{\"op\":\"jpeg\",\"q\":70}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[104.3,244.1,786.3,532.5],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73],\"cells\":null},{\"bbox\":[102.3,608.7,778.4,725.5],\"block_orders\":[76,77,78,79,80,81,82,83,84,85,86,87],\"cells\":null}],\"text\":\"6. Discontinued Operations\\n\\nOn October 1, 2003, Marathon sold its exploration and production operations in western Canada for $612 million. This\\ndivestiture decision was made as part of Marathon’s strategic plan to rationalize noncore oil and gas properties. The\\nresults of these operations have been reported separately as discontinued operations in Marathon’s Consolidated\\nStatement of Income. The sale resulted in a gain of $278 million, including a tax benefit of $8 million, which has been\\nreported in discontinued operations. Revenues applicable to the discontinued operations totaled $188 million and\\n$165 million for 2003 and 2002. Pretax income or loss from discontinued operations was income of $66 million for 2003\\nand a loss of $4 million for 2002. During 2004, the final working capital adjustment was determined, which resulted in\\nan additional gain of $4 million and is reported in discontinued operations.\\n\\n7. Income Per Common Share\\n\\n(Dollars in millions, except per share data)\\n\\nBasic\\n\\n2004\\nDiluted\\n\\nBasic\\n\\n2003\\nDiluted\\n\\nBasic\\n\\n2002\\nDiluted\\n\\nIncome from continuing operations\\nIncome (loss) from discontinued operations\\nCumulative effect of change in accounting principle\\n\\n$\\n\\n1,257 $\\n4\\n–\\n\\n1,257 $\\n4\\n–\\n\\n1,012 $\\n305\\n4\\n\\n1,012 $\\n305\\n4\\n\\n507 $\\n(4)\\n13\\n\\n507\\n(4)\\n13\\n\\nNet income\\n\\n$\\n\\n1,261 $\\n\\n1,261 $\\n\\n1,321 $\\n\\n1,321 $\\n\\n516 $\\n\\n516\\n\\nShares of common stock outstanding (thousands):\\nAverage number of common shares outstanding\\nEffect of dilutive securities – stock options\\n\\n336,485\\n–\\n\\n336,485\\n1,768\\n\\n310,129\\n–\\n\\n310,129\\n197\\n\\n309,792\\n–\\n\\n309,792\\n159\\n\\nAverage common shares including dilutive effect\\n\\n336,485\\n\\n338,253\\n\\n310,129\\n\\n310,326\\n\\n309,792\\n\\n309,951\\n\\nPer share:\\nIncome from continuing operations\\n\\n$\\n\\n3.74 $\\n\\n3.72 $\\n\\n3.26 $\\n\\n3.26 $\\n\\n1.63 $\\n\\n1.63\\n\\nIncome (loss) from discontinued operations\\n\\n$\\n\\n.01 $\\n\\n.01 $\\n\\n.99 $\\n\\n.99 $\\n\\n(.01) $\\n\\n(.01)\\n\\nCumulative effect of change in accounting\\nprinciple\\n\\n$\\n\\n–\\n\\n–\\n\\n$\\n\\n.01 $\\n\\n.01 $\\n\\n.04 $\\n\\n.04\\n\\nNet income\\n\\n$\\n\\n3.75 $\\n\\n3.73 $\\n\\n4.26 $\\n\\n4.26 $\\n\\n1.66 $\\n\\n1.66\\n\\n$\\n\\n8. Segment Information\\n\\nRevenues by product line were:\\n\\n(In millions)\\n\\nRefined products\\nMerchandise\\nLiquid hydrocarbons\\nNatural gas\\nTransportation and other products\\n\\nTotal\\n\\n2004\\n\\n2003\\n\\n2002\\n\\n$29,780\\n2,489\\n13,860\\n3,266\\n203\\n\\n$24,092\\n2,395\\n10,500\\n3,796\\n180\\n\\n$19,729\\n2,521\\n6,517\\n2,362\\n166\\n\\n$49,598\\n\\n$40,963\\n\\n$31,295\\n\\n2004\\n\\n2003\\n\\n2002\\n\\nMatching buy/sell transactions settled in cash by product line were:\\n\\n(In millions)\\n\\nRefined products\\nLiquid hydrocarbons\\n\\nTotal\\n\\n$ 1,226\\n7,938\\n\\n$\\n\\n826\\n6,332\\n\\n$ 9,164\\n\\n$ 7,158\\n\\n$\\n\\n771\\n3,709\\n\\n$ 4,480\\n\\nF-19\"},\"name\":\"fintabnet.MRO_2004_page_96__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":119709,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:MRO_2004\",\"dpi\":100,\"gt_sha256\":\"715fb8552025a3217aa371b8517c7c6f2ff320d010f27120490a3bcd620d440f\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MRO_2004_page_96__100dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.MRO_2004_page_96\",\"pdf_sha256\":\"f7e80d974189c92bec3a629097bf7ffcac882f4a38021ef95c1d6e421444c7a8\",\"px\":[825,1075],\"scan\":{\"render\":\"78003ffe3ffe78403efe3ffe3efe30fe7000300e300e300c000e000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"MRO_2004_page_96\",\"src\":{\"file_sha256\":\"8eea0a1830088819f5cf8341ff77af813700f9d229084574757a6a0945603abd\",\"render\":\"78003ffe3fe678563efe3efe3efe32fe7800300e300e380e200e000000000000\",\"text\":\"a60d16713ac02093e13965d74109a275eff048a41af38dc1c6644c82355c72e5\"},\"stack\":[{\"deg\":-0.587,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":2.289},{\"op\":\"jpeg\",\"q\":70}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f7e80d974189c92bec3a629097bf7ffcac882f4a38021ef95c1d6e421444c7a8\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f7e80d974189c92bec3a629097bf7ffcac882f4a38021ef95c1d6e421444c7a8.pdf","asset_sha256":"f7e80d974189c92bec3a629097bf7ffcac882f4a38021ef95c1d6e421444c7a8","document_id":"fintabnet:MRO_2004","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MRO_2004_page_96\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MRO_2017_page_55\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:MRO_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[372.8,51.7,457.6,66.6],\"lines\":[{\"bbox\":[372.8,51.7,457.6,66.6],\"text\":\"Natural Gas\"}],\"order\":0,\"text\":\"Natural Gas\"},{\"bbox\":[588.9,73.9,616.7,86.1],\"lines\":[{\"bbox\":[588.9,73.9,616.7,86.1],\"text\":\"2018\"}],\"order\":1,\"text\":\"2018\"},{\"bbox\":[450.1,93.3,498.7,119.4],\"lines\":[{\"bbox\":[460.0,93.3,488.5,105.5],\"text\":\"First\"},{\"bbox\":[450.1,107.2,498.7,119.4],\"text\":\"Quarter\"}],\"order\":2,\"text\":\"First\\nQuarter\"},{\"bbox\":[536.2,93.3,584.8,119.4],\"lines\":[{\"bbox\":[539.2,93.3,581.6,105.5],\"text\":\"Second\"},{\"bbox\":[536.2,107.2,584.8,119.4],\"text\":\"Quarter\"}],\"order\":3,\"text\":\"Second\\nQuarter\"},{\"bbox\":[621.6,93.3,670.2,119.4],\"lines\":[{\"bbox\":[628.4,93.3,663.1,105.5],\"text\":\"Third\"},{\"bbox\":[621.6,107.2,670.2,119.4],\"text\":\"Quarter\"}],\"order\":4,\"text\":\"Third\\nQuarter\"},{\"bbox\":[707.0,93.3,755.6,119.4],\"lines\":[{\"bbox\":[710.4,93.3,752.1,105.5],\"text\":\"Fourth\"},{\"bbox\":[707.0,107.2,755.6,119.4],\"text\":\"Quarter\"}],\"order\":5,\"text\":\"Fourth\\nQuarter\"},{\"bbox\":[451.7,147.1,496.9,159.7],\"lines\":[{\"bbox\":[451.7,147.1,496.9,159.7],\"text\":\"200,000\"}],\"order\":6,\"text\":\"200,000\"},{\"bbox\":[537.8,147.1,583.0,159.7],\"lines\":[{\"bbox\":[537.8,147.1,583.0,159.7],\"text\":\"160,000\"}],\"order\":7,\"text\":\"160,000\"},{\"bbox\":[623.3,147.1,668.4,159.7],\"lines\":[{\"bbox\":[623.3,147.1,668.4,159.7],\"text\":\"160,000\"}],\"order\":8,\"text\":\"160,000\"},{\"bbox\":[708.7,147.1,753.8,159.7],\"lines\":[{\"bbox\":[708.7,147.1,753.8,159.7],\"text\":\"160,000\"}],\"order\":9,\"text\":\"160,000\"},{\"bbox\":[458.7,188.7,489.9,243.0],\"lines\":[{\"bbox\":[458.7,188.7,489.9,201.4],\"text\":\"$3.79\"},{\"bbox\":[458.7,209.6,489.9,222.2],\"text\":\"$3.08\"},{\"bbox\":[458.7,230.4,489.9,243.0],\"text\":\"$2.55\"}],\"order\":10,\"text\":\"$3.79\\n$3.08\\n$2.55\"},{\"bbox\":[544.8,188.7,576.0,243.0],\"lines\":[{\"bbox\":[544.8,188.7,576.0,201.4],\"text\":\"$3.61\"},{\"bbox\":[544.8,209.6,576.0,222.2],\"text\":\"$3.00\"},{\"bbox\":[544.8,230.4,576.0,243.0],\"text\":\"$2.50\"}],\"order\":11,\"text\":\"$3.61\\n$3.00\\n$2.50\"},{\"bbox\":[630.2,188.7,661.5,243.0],\"lines\":[{\"bbox\":[630.2,188.7,661.5,201.4],\"text\":\"$3.61\"},{\"bbox\":[630.2,209.6,661.5,222.2],\"text\":\"$3.00\"},{\"bbox\":[630.2,230.4,661.5,243.0],\"text\":\"$2.50\"}],\"order\":12,\"text\":\"$3.61\\n$3.00\\n$2.50\"},{\"bbox\":[715.6,188.7,746.9,243.0],\"lines\":[{\"bbox\":[715.6,188.7,746.9,201.4],\"text\":\"$3.61\"},{\"bbox\":[715.6,209.6,746.9,222.2],\"text\":\"$3.00\"},{\"bbox\":[715.6,230.4,746.9,243.0],\"text\":\"$2.50\"}],\"order\":13,\"text\":\"$3.61\\n$3.00\\n$2.50\"},{\"bbox\":[60.4,126.4,168.6,138.9],\"lines\":[{\"bbox\":[60.4,126.4,168.6,138.9],\"text\":\"Three-Way Collars\"}],\"order\":14,\"text\":\"Three-Way Collars\"},{\"bbox\":[77.1,147.1,277.3,243.0],\"lines\":[{\"bbox\":[77.1,147.1,202.3,159.7],\"text\":\"Volume (MMBtu/day)\"},{\"bbox\":[77.1,167.9,277.3,180.5],\"text\":\"Weighted average price per MMBtu\"},{\"bbox\":[89.6,188.7,130.5,201.4],\"text\":\"Ceiling\"},{\"bbox\":[89.6,209.6,119.7,222.2],\"text\":\"Floor\"},{\"bbox\":[89.6,230.4,136.3,243.0],\"text\":\"Sold put\"}],\"order\":15,\"text\":\"Volume (MMBtu/day)\\nWeighted average price per MMBtu\\nCeiling\\nFloor\\nSold put\"},{\"bbox\":[56.2,261.2,767.5,307.2],\"lines\":[{\"bbox\":[81.2,261.2,767.5,273.8],\"text\":\"The following table provides a sensitivity analysis of the projected incremental effect on income (loss) from operations of a\"},{\"bbox\":[56.2,277.8,714.4,290.5],\"text\":\"hypothetical 10% change in NYMEX WTI and Henry Hub prices on our open commodity derivative instruments as of\"},{\"bbox\":[56.2,294.5,169.3,307.2],\"text\":\"December 31, 2017:\"}],\"order\":16,\"text\":\"The following table provides a sensitivity analysis of the projected incremental effect on income (loss) from operations of a\\nhypothetical 10% change in NYMEX WTI and Henry Hub prices on our open commodity derivative instruments as of\\nDecember 31, 2017:\"},{\"bbox\":[529.9,323.9,765.5,412.5],\"lines\":[{\"bbox\":[531.5,323.9,764.4,336.1],\"text\":\"Hypothetical Price Hypothetical Price\"},{\"bbox\":[538.7,337.8,635.0,350.0],\"text\":\"Increase of 10%\"},{\"bbox\":[659.4,337.8,758.6,350.0],\"text\":\"Decrease of 10%\"},{\"bbox\":[617.8,358.1,659.0,370.8],\"text\":\"(180) $\"},{\"bbox\":[529.9,358.2,536.8,370.8],\"text\":\"$\"},{\"bbox\":[744.7,358.2,765.5,370.8],\"text\":\"149\"},{\"bbox\":[631.7,378.9,647.9,391.6],\"text\":\"(8)\"},{\"bbox\":[758.5,379.0,765.5,391.7],\"text\":\"7\"},{\"bbox\":[617.8,399.8,659.0,412.5],\"text\":\"(188) $\"},{\"bbox\":[529.9,399.8,536.8,412.5],\"text\":\"$\"},{\"bbox\":[744.7,399.8,765.5,412.5],\"text\":\"156\"}],\"order\":17,\"text\":\"Hypothetical Price Hypothetical Price\\nIncrease of 10%\\nDecrease of 10%\\n(180) $\\n$\\n149\\n(8)\\n7\\n(188) $\\n$\\n156\"},{\"bbox\":[60.4,337.2,129.5,349.9],\"lines\":[{\"bbox\":[60.4,337.2,129.5,349.9],\"text\":\"(In millions)\"}],\"order\":18,\"text\":\"(In millions)\"},{\"bbox\":[60.4,358.2,188.5,412.5],\"lines\":[{\"bbox\":[60.4,358.2,176.9,370.8],\"text\":\"Crude oil derivatives\"},{\"bbox\":[60.4,379.0,188.5,391.7],\"text\":\"Natural gas derivatives\"},{\"bbox\":[84.5,400.3,114.8,412.5],\"text\":\"Total\"}],\"order\":19,\"text\":\"Crude oil derivatives\\nNatural gas derivatives\\nTotal\"},{\"bbox\":[56.2,430.9,158.9,443.3],\"lines\":[{\"bbox\":[56.2,430.9,158.9,443.3],\"text\":\"Interest Rate Risk\"}],\"order\":20,\"text\":\"Interest Rate Risk\"},{\"bbox\":[56.2,455.6,762.5,534.9],\"lines\":[{\"bbox\":[81.2,455.6,717.7,468.3],\"text\":\"At December 31, 2017, our portfolio of long-term debt was substantially comprised of fixed rate instruments. Our\"},{\"bbox\":[56.2,472.3,744.5,484.9],\"text\":\"sensitivity to interest rate movements and corresponding changes in the fair value of our fixed rate debt portfolio affects our\"},{\"bbox\":[56.2,489.0,762.5,501.6],\"text\":\"results of operations and cash flows only when we elect to repurchase or otherwise retire fixed-rate debt at prices different than\"},{\"bbox\":[56.2,505.6,741.8,518.3],\"text\":\"carrying value. Sensitivity analysis of the incremental effect of a hypothetical 10% change in interest rates on our financial\"},{\"bbox\":[56.2,522.3,505.3,534.9],\"text\":\"assets and liabilities as of December 31, 2017, is provided in the following table.\"}],\"order\":21,\"text\":\"At December 31, 2017, our portfolio of long-term debt was substantially comprised of fixed rate instruments. Our\\nsensitivity to interest rate movements and corresponding changes in the fair value of our fixed rate debt portfolio affects our\\nresults of operations and cash flows only when we elect to repurchase or otherwise retire fixed-rate debt at prices different than\\ncarrying value. Sensitivity analysis of the incremental effect of a hypothetical 10% change in interest rates on our financial\\nassets and liabilities as of December 31, 2017, is provided in the following table.\"},{\"bbox\":[60.4,585.8,387.2,637.5],\"lines\":[{\"bbox\":[60.4,585.8,129.5,598.5],\"text\":\"(In millions)\"},{\"bbox\":[60.4,603.9,228.7,618.2],\"text\":\"Financial assets (liabilities): (a)\"},{\"bbox\":[77.1,624.8,387.2,637.5],\"text\":\"Long-term debt, including amounts due within one year\"}],\"order\":22,\"text\":\"(In millions)\\nFinancial assets (liabilities): (a)\\nLong-term debt, including amounts due within one year\"},{\"bbox\":[56.2,643.6,64.3,650.1],\"lines\":[{\"bbox\":[56.2,643.6,64.3,650.1],\"text\":\"(a)\"}],\"order\":23,\"text\":\"(a)\"},{\"bbox\":[56.2,670.2,64.7,676.8],\"lines\":[{\"bbox\":[56.2,670.2,64.7,676.8],\"text\":\"(b)\"}],\"order\":24,\"text\":\"(b)\"},{\"bbox\":[56.2,683.5,64.3,690.1],\"lines\":[{\"bbox\":[56.2,683.5,64.3,690.1],\"text\":\"(c)\"}],\"order\":25,\"text\":\"(c)\"},{\"bbox\":[551.0,558.6,762.9,598.6],\"lines\":[{\"bbox\":[562.5,558.6,638.9,570.8],\"text\":\"Hypothetical\"},{\"bbox\":[673.6,558.6,750.0,570.8],\"text\":\"Hypothetical\"},{\"bbox\":[551.0,572.5,762.9,584.7],\"text\":\"Price Increase of Price Decrease of\"},{\"bbox\":[586.8,586.4,614.6,598.6],\"text\":\"10%\"},{\"bbox\":[697.9,586.4,725.7,598.6],\"text\":\"10%\"}],\"order\":26,\"text\":\"Hypothetical\\nHypothetical\\nPrice Increase of Price Decrease of\\n10%\\n10%\"},{\"bbox\":[429.4,586.4,492.0,598.6],\"lines\":[{\"bbox\":[429.4,586.4,492.0,598.6],\"text\":\"Fair Value\"}],\"order\":27,\"text\":\"Fair Value\"},{\"bbox\":[409.0,624.8,416.0,637.5],\"lines\":[{\"bbox\":[409.0,624.8,416.0,637.5],\"text\":\"$\"}],\"order\":28,\"text\":\"$\"},{\"bbox\":[475.4,624.8,515.9,637.4],\"lines\":[{\"bbox\":[475.4,624.8,515.9,637.4],\"text\":\"(5,976)\"}],\"order\":29,\"text\":\"(5,976)\"},{\"bbox\":[520.1,621.0,540.7,629.3],\"lines\":[{\"bbox\":[520.1,621.0,540.7,629.3],\"text\":\"(b)(c)\"}],\"order\":30,\"text\":\"(b)(c)\"},{\"bbox\":[549.3,624.8,556.2,637.5],\"lines\":[{\"bbox\":[549.3,624.8,556.2,637.5],\"text\":\"$\"}],\"order\":31,\"text\":\"$\"},{\"bbox\":[630.8,624.8,667.4,637.5],\"lines\":[{\"bbox\":[630.8,624.8,667.4,637.5],\"text\":\"190 $\"}],\"order\":32,\"text\":\"190 $\"},{\"bbox\":[737.2,624.8,767.3,637.4],\"lines\":[{\"bbox\":[737.2,624.8,767.3,637.4],\"text\":\"(202)\"}],\"order\":33,\"text\":\"(202)\"},{\"bbox\":[81.2,645.9,755.1,696.0],\"lines\":[{\"bbox\":[81.2,645.9,755.1,656.0],\"text\":\"Fair values of cash and cash equivalents, receivables, accounts payable and accrued interest approximate carrying value and are relatively insensitive to\"},{\"bbox\":[81.2,659.2,679.5,669.3],\"text\":\"changes in interest rates due to the short-term maturity of the instruments. Accordingly, these instruments are excluded from the table.\"},{\"bbox\":[81.2,672.6,662.9,682.7],\"text\":\"Fair value was based on market prices where available, or current borrowing rates for financings with similar terms and maturities.\"},{\"bbox\":[81.2,685.9,186.5,696.0],\"text\":\"Excludes capital leases.\"}],\"order\":34,\"text\":\"Fair values of cash and cash equivalents, receivables, accounts payable and accrued interest approximate carrying value and are relatively insensitive to\\nchanges in interest rates due to the short-term maturity of the instruments. Accordingly, these instruments are excluded from the table.\\nFair value was based on market prices where available, or current borrowing rates for financings with similar terms and maturities.\\nExcludes capital leases.\"},{\"bbox\":[56.2,709.2,161.6,721.6],\"lines\":[{\"bbox\":[56.2,709.2,161.6,721.6],\"text\":\"Counterparty Risk\"}],\"order\":35,\"text\":\"Counterparty Risk\"},{\"bbox\":[56.2,734.0,745.1,779.9],\"lines\":[{\"bbox\":[81.2,734.0,745.1,746.6],\"text\":\"We are also exposed to financial risk in the event of nonperformance by counterparties. If commodity prices fall below\"},{\"bbox\":[56.2,750.6,724.7,763.3],\"text\":\"current levels, some of our counterparties may experience liquidity problems and may not be able to meet their financial\"},{\"bbox\":[56.2,767.3,725.7,779.9],\"text\":\"obligations to us. We review the creditworthiness of counterparties and use master netting agreements when appropriate.\"}],\"order\":36,\"text\":\"We are also exposed to financial risk in the event of nonperformance by counterparties. If commodity prices fall below\\ncurrent levels, some of our counterparties may experience liquidity problems and may not be able to meet their financial\\nobligations to us. We review the creditworthiness of counterparties and use master netting agreements when appropriate.\"},{\"bbox\":[405.6,1031.2,419.4,1043.8],\"lines\":[{\"bbox\":[405.6,1031.2,419.4,1043.8],\"text\":\"52\"}],\"order\":37,\"text\":\"52\"}],\"doc\":\"fintabnet:MRO_2017\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"Natural Gas\\n\\n2018\\n\\nFirst\\nQuarter\\n\\nSecond\\nQuarter\\n\\nThird\\nQuarter\\n\\nFourth\\nQuarter\\n\\n200,000\\n\\n160,000\\n\\n160,000\\n\\n160,000\\n\\n$3.79\\n$3.08\\n$2.55\\n\\n$3.61\\n$3.00\\n$2.50\\n\\n$3.61\\n$3.00\\n$2.50\\n\\n$3.61\\n$3.00\\n$2.50\\n\\nThree-Way Collars\\n\\nVolume (MMBtu/day)\\nWeighted average price per MMBtu\\nCeiling\\nFloor\\nSold put\\n\\nThe following table provides a sensitivity analysis of the projected incremental effect on income (loss) from operations of a\\nhypothetical 10% change in NYMEX WTI and Henry Hub prices on our open commodity derivative instruments as of\\nDecember 31, 2017:\\n\\nHypothetical Price Hypothetical Price\\nIncrease of 10%\\nDecrease of 10%\\n(180) $\\n$\\n149\\n(8)\\n7\\n(188) $\\n$\\n156\\n\\n(In millions)\\n\\nCrude oil derivatives\\nNatural gas derivatives\\nTotal\\n\\nInterest Rate Risk\\n\\nAt December 31, 2017, our portfolio of long-term debt was substantially comprised of fixed rate instruments. Our\\nsensitivity to interest rate movements and corresponding changes in the fair value of our fixed rate debt portfolio affects our\\nresults of operations and cash flows only when we elect to repurchase or otherwise retire fixed-rate debt at prices different than\\ncarrying value. Sensitivity analysis of the incremental effect of a hypothetical 10% change in interest rates on our financial\\nassets and liabilities as of December 31, 2017, is provided in the following table.\\n\\n(In millions)\\nFinancial assets (liabilities): (a)\\nLong-term debt, including amounts due within one year\\n\\n(a)\\n\\n(b)\\n\\n(c)\\n\\nHypothetical\\nHypothetical\\nPrice Increase of Price Decrease of\\n10%\\n10%\\n\\nFair Value\\n\\n$\\n\\n(5,976)\\n\\n(b)(c)\\n\\n$\\n\\n190 $\\n\\n(202)\\n\\nFair values of cash and cash equivalents, receivables, accounts payable and accrued interest approximate carrying value and are relatively insensitive to\\nchanges in interest rates due to the short-term maturity of the instruments. Accordingly, these instruments are excluded from the table.\\nFair value was based on market prices where available, or current borrowing rates for financings with similar terms and maturities.\\nExcludes capital leases.\\n\\nCounterparty Risk\\n\\nWe are also exposed to financial risk in the event of nonperformance by counterparties. If commodity prices fall below\\ncurrent levels, some of our counterparties may experience liquidity problems and may not be able to meet their financial\\nobligations to us. We review the creditworthiness of counterparties and use master netting agreements when appropriate.\\n\\n52\",\"name\":\"fintabnet.MRO_2017_page_55__100dpi_none\",\"page_id\":\"fintabnet.MRO_2017_page_55\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"MRO_2017_page_55\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[60.4,68.8,755.6,244.3],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15],\"cells\":null},{\"bbox\":[60.4,68.8,755.6,244.3],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15],\"cells\":null}],\"text\":\"Natural Gas\\n\\n2018\\n\\nFirst\\nQuarter\\n\\nSecond\\nQuarter\\n\\nThird\\nQuarter\\n\\nFourth\\nQuarter\\n\\n200,000\\n\\n160,000\\n\\n160,000\\n\\n160,000\\n\\n$3.79\\n$3.08\\n$2.55\\n\\n$3.61\\n$3.00\\n$2.50\\n\\n$3.61\\n$3.00\\n$2.50\\n\\n$3.61\\n$3.00\\n$2.50\\n\\nThree-Way Collars\\n\\nVolume (MMBtu/day)\\nWeighted average price per MMBtu\\nCeiling\\nFloor\\nSold put\\n\\nThe following table provides a sensitivity analysis of the projected incremental effect on income (loss) from operations of a\\nhypothetical 10% change in NYMEX WTI and Henry Hub prices on our open commodity derivative instruments as of\\nDecember 31, 2017:\\n\\nHypothetical Price Hypothetical Price\\nIncrease of 10%\\nDecrease of 10%\\n(180) $\\n$\\n149\\n(8)\\n7\\n(188) $\\n$\\n156\\n\\n(In millions)\\n\\nCrude oil derivatives\\nNatural gas derivatives\\nTotal\\n\\nInterest Rate Risk\\n\\nAt December 31, 2017, our portfolio of long-term debt was substantially comprised of fixed rate instruments. Our\\nsensitivity to interest rate movements and corresponding changes in the fair value of our fixed rate debt portfolio affects our\\nresults of operations and cash flows only when we elect to repurchase or otherwise retire fixed-rate debt at prices different than\\ncarrying value. Sensitivity analysis of the incremental effect of a hypothetical 10% change in interest rates on our financial\\nassets and liabilities as of December 31, 2017, is provided in the following table.\\n\\n(In millions)\\nFinancial assets (liabilities): (a)\\nLong-term debt, including amounts due within one year\\n\\n(a)\\n\\n(b)\\n\\n(c)\\n\\nHypothetical\\nHypothetical\\nPrice Increase of Price Decrease of\\n10%\\n10%\\n\\nFair Value\\n\\n$\\n\\n(5,976)\\n\\n(b)(c)\\n\\n$\\n\\n190 $\\n\\n(202)\\n\\nFair values of cash and cash equivalents, receivables, accounts payable and accrued interest approximate carrying value and are relatively insensitive to\\nchanges in interest rates due to the short-term maturity of the instruments. Accordingly, these instruments are excluded from the table.\\nFair value was based on market prices where available, or current borrowing rates for financings with similar terms and maturities.\\nExcludes capital leases.\\n\\nCounterparty Risk\\n\\nWe are also exposed to financial risk in the event of nonperformance by counterparties. If commodity prices fall below\\ncurrent levels, some of our counterparties may experience liquidity problems and may not be able to meet their financial\\nobligations to us. We review the creditworthiness of counterparties and use master netting agreements when appropriate.\\n\\n52\"},\"name\":\"fintabnet.MRO_2017_page_55__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":64792,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:MRO_2017\",\"dpi\":100,\"gt_sha256\":\"791f6f2fd95fe0a1523bfc9a310005256c44219d7a331f9c053d6ff51a2cb35a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MRO_2017_page_55__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.MRO_2017_page_55\",\"pdf_sha256\":\"a0d7f22c41e51111599e7fd725d456e963f6b950f05f76ad8af407f7f95a8e51\",\"px\":[825,1075],\"scan\":{\"render\":\"00007ffe7ffe7ffe603c7ffe7ffc7ffc001e7ffe60007ffc0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"MRO_2017_page_55\",\"src\":{\"file_sha256\":\"5864d6c9e877250aaf0bc57147088468e5a6e490892cb4a672628a7a5c2023fa\",\"render\":\"00007ffe7ffe7ffe403c7ffe7ffe7ffc001e7ffe60007ffc0000000000000000\",\"text\":\"00e317183212068a533701d320a0db3d010aa37ee04666e8ce3507e9db68a9dc\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"a0d7f22c41e51111599e7fd725d456e963f6b950f05f76ad8af407f7f95a8e51\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/a0d7f22c41e51111599e7fd725d456e963f6b950f05f76ad8af407f7f95a8e51.pdf","asset_sha256":"a0d7f22c41e51111599e7fd725d456e963f6b950f05f76ad8af407f7f95a8e51","document_id":"fintabnet:MRO_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MRO_2017_page_55\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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the fourth quarter 2006, the Company reflects costs associated with the amortization of intangible\"},{\"bbox\":[45.0,289.5,519.3,299.1],\"text\":\"assets and in-process research and development (\\\"\\\"IPR&D'') at the corporate level rather than at the business\"},{\"bbox\":[45.0,300.5,522.6,310.1],\"text\":\"segment level. Accordingly, these costs have been reclassified for all periods presented from the corresponding\"},{\"bbox\":[45.0,311.5,443.0,321.1],\"text\":\"business segment to Others and Eliminations to conform to the current period presentation.\"}],\"order\":16,\"text\":\"Effective the fourth quarter 2006, the Company reflects costs associated with the amortization of intangible\\nassets and in-process research and development (\\\"\\\"IPR&D'') at the corporate level rather than at the business\\nsegment level. Accordingly, these costs have been reclassified for all periods presented from the corresponding\\nbusiness segment to Others and Eliminations to conform to the current period presentation.\"},{\"bbox\":[45.0,330.5,549.0,428.1],\"lines\":[{\"bbox\":[65.0,330.5,507.7,340.1],\"text\":\"Other as presented in Other and Eliminations above consists primarily of (i) general corporate related\"},{\"bbox\":[45.0,341.5,520.4,351.1],\"text\":\"expenses, including stock option and employee stock purchase plan expenses, (ii) various corporate programs\"},{\"bbox\":[45.0,352.5,543.9,362.1],\"text\":\"representing developmental businesses and research and development projects, which are not included in any major\"},{\"bbox\":[45.0,363.5,531.0,373.1],\"text\":\"segment, and (iii) the Company's wholly-owned finance subsidiary. Beginning in 2006, certain general corporate\"},{\"bbox\":[45.0,374.5,538.6,384.1],\"text\":\"expenses, which had previously been allocated to the business segments, are included in the operating expenses of\"},{\"bbox\":[45.0,385.5,549.0,395.1],\"text\":\"Other. These expenses, which were approximately $98 million for the year ended December 31, 2006, are no longer\"},{\"bbox\":[45.0,396.5,541.4,406.1],\"text\":\"allocated to the operating segments, primarily include: (i) corporate general and administrative expenses, including\"},{\"bbox\":[45.0,407.5,526.1,417.1],\"text\":\"strategy, legal, human resources, finance and CEO and CFO functional staff expenses, (ii) corporate marketing\"},{\"bbox\":[45.0,418.5,280.6,428.1],\"text\":\"expenses, and (iii) research and development projects.\"}],\"order\":17,\"text\":\"Other as presented in Other and Eliminations above consists primarily of (i) general corporate related\\nexpenses, including stock option and employee stock purchase plan expenses, (ii) various corporate programs\\nrepresenting developmental businesses and research and development projects, which are not included in any major\\nsegment, and (iii) the Company's wholly-owned finance subsidiary. Beginning in 2006, certain general corporate\\nexpenses, which had previously been allocated to the business segments, are included in the operating expenses of\\nOther. 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Operations\"},{\"bbox\":[306.9,500.5,327.7,510.4],\"lines\":[{\"bbox\":[306.9,500.5,327.7,510.4],\"text\":\"2004\"}],\"order\":27,\"text\":\"2004\"},{\"bbox\":[300.4,517.5,334.2,613.1],\"lines\":[{\"bbox\":[300.4,517.5,334.2,527.1],\"text\":\"$ 5,443\"},{\"bbox\":[310.8,528.5,334.2,538.1],\"text\":\"5,276\"},{\"bbox\":[310.8,539.5,334.2,549.1],\"text\":\"2,346\"},{\"bbox\":[305.6,553.5,334.2,563.1],\"text\":\"13,065\"},{\"bbox\":[305.6,564.5,334.2,574.1],\"text\":\"17,083\"},{\"bbox\":[305.6,578.5,334.2,588.1],\"text\":\"30,148\"},{\"bbox\":[318.6,589.5,334.2,599.1],\"text\":\"774\"},{\"bbox\":[300.4,603.5,334.2,613.1],\"text\":\"$30,922\"}],\"order\":28,\"text\":\"$ 5,443\\n5,276\\n2,346\\n13,065\\n17,083\\n30,148\\n774\\n$30,922\"},{\"bbox\":[349.2,487.5,441.6,510.4],\"lines\":[{\"bbox\":[349.4,487.5,441.3,497.4],\"text\":\"Capital Expenditures\"},{\"bbox\":[349.2,500.3,441.6,510.4],\"text\":\"2006 2005 2004\"}],\"order\":29,\"text\":\"Capital Expenditures\\n2006 2005 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in Other include primarily cash and cash equivalents, Sigma Funds, deferred income taxes, marketable\"},{\"bbox\":[45.0,636.5,511.9,646.1],\"text\":\"securities, property, plant and equipment, investments, and the administrative headquarters of the Company.\"}],\"order\":37,\"text\":\"Assets in Other include primarily cash and cash equivalents, Sigma Funds, deferred income taxes, marketable\\nsecurities, property, plant and equipment, investments, and the administrative headquarters of the Company.\"}],\"doc\":\"fintabnet:MSI_2006\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"110\\n\\nSegment information\\n\\nNet Sales\\n2005\\n\\nOperating Earnings\\n(Loss)\\n2006\\n2005\\n2004\\n\\nYears Ended December 31\\n\\n2006\\n\\nMobile Devices\\nNetworks and Enterprise\\nConnected Home Solutions\\n\\n$28,383\\n$21,459\\n$17,108\\n$2,690\\n$2,192\\n11,245\\n11,202\\n10,465\\n1,521\\n1,939\\n3,327\\n2,871\\n2,335\\n224\\n153\\n42,955\\n35,532\\n29,908\\n4,435\\n4,284\\n(76)\\n(270)\\n(245)\\n(343)\\n321\\n$42,879\\n$35,262\\n$29,663\\n4,092\\n4,605\\n518\\n1,807\\n\\nOther and Eliminations\\n\\nOperating earnings\\nTotal other income\\nEarnings from continuing operations before income\\ntaxes\\n\\n2004\\n\\n$4,610\\n\\n$6,412\\n\\n$1,728\\n1,550\\n154\\n3,432\\n(440)\\n\\n2,992\\n120\\n\\n$3,112\\n\\nEffective the fourth quarter 2006, the Company reflects costs associated with the amortization of intangible\\nassets and in-process research and development (\\\"\\\"IPR&D'') at the corporate level rather than at the business\\nsegment level. Accordingly, these costs have been reclassified for all periods presented from the corresponding\\nbusiness segment to Others and Eliminations to conform to the current period presentation.\\n\\nOther as presented in Other and Eliminations above consists primarily of (i) general corporate related\\nexpenses, including stock option and employee stock purchase plan expenses, (ii) various corporate programs\\nrepresenting developmental businesses and research and development projects, which are not included in any major\\nsegment, and (iii) the Company's wholly-owned finance subsidiary. Beginning in 2006, certain general corporate\\nexpenses, which had previously been allocated to the business segments, are included in the operating expenses of\\nOther. These expenses, which were approximately $98 million for the year ended December 31, 2006, are no longer\\nallocated to the operating segments, primarily include: (i) corporate general and administrative expenses, including\\nstrategy, legal, human resources, finance and CEO and CFO functional staff expenses, (ii) corporate marketing\\nexpenses, and (iii) research and development projects.\\n\\nIn 2006, the Company also recorded income of $418 million for a payment relating to the Telsim settlement,\\npartially offset by expenses of $88 million representing a charitable contribution to the Motorola Foundation of\\nappreciated equity holdings in a third party both of which are presented in Other and Eliminations.\\n\\nYears Ended December 31\\n\\n2006\\n\\nAssets\\n2005\\n\\nMobile Devices\\nNetworks and Enterprise\\nConnected Home Solutions\\n\\n$ 9,316\\n6,812\\n3,202\\n19,330\\n19,263\\n38,593\\nÌ\\n$38,593\\n\\n$ 7,551\\n5,893\\n2,442\\n15,886\\n19,281\\n35,167\\n635\\n$35,802\\n\\nOther and Eliminations\\n\\nDiscontinued Operations\\n\\n2004\\n\\n$ 5,443\\n5,276\\n2,346\\n13,065\\n17,083\\n30,148\\n774\\n$30,922\\n\\nCapital Expenditures\\n2006 2005 2004\\n\\nDepreciation\\nExpense\\n2006 2005 2004\\n\\n$164\\n320\\n19\\n503\\n146\\n$649\\n\\n$133\\n215\\n42\\n390\\n73\\n$463\\n\\n$126\\n271\\n28\\n425\\n123\\n$548\\n\\n$ 92\\n249\\n27\\n368\\n37\\n$405\\n\\n$127\\n227\\n51\\n405\\n68\\n$473\\n\\n$136\\n232\\n59\\n427\\n75\\n$502\\n\\nAssets in Other include primarily cash and cash equivalents, Sigma Funds, deferred income taxes, marketable\\nsecurities, property, plant and equipment, investments, and the administrative headquarters of the Company.\",\"name\":\"fintabnet.MSI_2006_page_118__72dpi_none\",\"page_id\":\"fintabnet.MSI_2006_page_118\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"MSI_2006_page_118\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[45.0,105.3,554.2,266.6],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15],\"cells\":null}],\"text\":\"110\\n\\nSegment information\\n\\nNet Sales\\n2005\\n\\nOperating Earnings\\n(Loss)\\n2006\\n2005\\n2004\\n\\nYears Ended December 31\\n\\n2006\\n\\nMobile Devices\\nNetworks and Enterprise\\nConnected Home Solutions\\n\\n$28,383\\n$21,459\\n$17,108\\n$2,690\\n$2,192\\n11,245\\n11,202\\n10,465\\n1,521\\n1,939\\n3,327\\n2,871\\n2,335\\n224\\n153\\n42,955\\n35,532\\n29,908\\n4,435\\n4,284\\n(76)\\n(270)\\n(245)\\n(343)\\n321\\n$42,879\\n$35,262\\n$29,663\\n4,092\\n4,605\\n518\\n1,807\\n\\nOther and Eliminations\\n\\nOperating earnings\\nTotal other income\\nEarnings from continuing operations before income\\ntaxes\\n\\n2004\\n\\n$4,610\\n\\n$6,412\\n\\n$1,728\\n1,550\\n154\\n3,432\\n(440)\\n\\n2,992\\n120\\n\\n$3,112\\n\\nEffective the fourth quarter 2006, the Company reflects costs associated with the amortization of intangible\\nassets and in-process research and development (\\\"\\\"IPR&D'') at the corporate level rather than at the business\\nsegment level. Accordingly, these costs have been reclassified for all periods presented from the corresponding\\nbusiness segment to Others and Eliminations to conform to the current period presentation.\\n\\nOther as presented in Other and Eliminations above consists primarily of (i) general corporate related\\nexpenses, including stock option and employee stock purchase plan expenses, (ii) various corporate programs\\nrepresenting developmental businesses and research and development projects, which are not included in any major\\nsegment, and (iii) the Company's wholly-owned finance subsidiary. Beginning in 2006, certain general corporate\\nexpenses, which had previously been allocated to the business segments, are included in the operating expenses of\\nOther. These expenses, which were approximately $98 million for the year ended December 31, 2006, are no longer\\nallocated to the operating segments, primarily include: (i) corporate general and administrative expenses, including\\nstrategy, legal, human resources, finance and CEO and CFO functional staff expenses, (ii) corporate marketing\\nexpenses, and (iii) research and development projects.\\n\\nIn 2006, the Company also recorded income of $418 million for a payment relating to the Telsim settlement,\\npartially offset by expenses of $88 million representing a charitable contribution to the Motorola Foundation of\\nappreciated equity holdings in a third party both of which are presented in Other and Eliminations.\\n\\nYears Ended December 31\\n\\n2006\\n\\nAssets\\n2005\\n\\nMobile Devices\\nNetworks and Enterprise\\nConnected Home Solutions\\n\\n$ 9,316\\n6,812\\n3,202\\n19,330\\n19,263\\n38,593\\nÌ\\n$38,593\\n\\n$ 7,551\\n5,893\\n2,442\\n15,886\\n19,281\\n35,167\\n635\\n$35,802\\n\\nOther and Eliminations\\n\\nDiscontinued Operations\\n\\n2004\\n\\n$ 5,443\\n5,276\\n2,346\\n13,065\\n17,083\\n30,148\\n774\\n$30,922\\n\\nCapital Expenditures\\n2006 2005 2004\\n\\nDepreciation\\nExpense\\n2006 2005 2004\\n\\n$164\\n320\\n19\\n503\\n146\\n$649\\n\\n$133\\n215\\n42\\n390\\n73\\n$463\\n\\n$126\\n271\\n28\\n425\\n123\\n$548\\n\\n$ 92\\n249\\n27\\n368\\n37\\n$405\\n\\n$127\\n227\\n51\\n405\\n68\\n$473\\n\\n$136\\n232\\n59\\n427\\n75\\n$502\\n\\nAssets in Other include primarily cash and cash equivalents, Sigma Funds, deferred income taxes, marketable\\nsecurities, property, plant and equipment, investments, and the administrative headquarters of the Company.\"},\"name\":\"fintabnet.MSI_2006_page_118__72dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":49084,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:MSI_2006\",\"dpi\":72,\"gt_sha256\":\"5e7c515e3262c47df820f6f351b76e6b7eb4171d7544f52a5a23b784f404e8eb\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MSI_2006_page_118__72dpi_none\",\"page\":1,\"page_id\":\"fintabnet.MSI_2006_page_118\",\"pdf_sha256\":\"ae8d7fd94f54853f0f0af991dd457e17235f9674c75b1a22fb6c3c7fd16e19f8\",\"px\":[594,774],\"scan\":{\"render\":\"0000400000ee70fe70ee7e1e7ffc7ffc7ffe7ffc67fe77fe07800ce000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"MSI_2006_page_118\",\"src\":{\"file_sha256\":\"85ed338cf0106d22606cf8b6a01f599da165361a554f6f65ab60d0d26f467ed6\",\"render\":\"0000400030fe70fe60ee7f7e7ffc7ffc7ffc7ffc77fe77fe37e8000000000000\",\"text\":\"43e312d6cb6b74e15f29b305c6168a25969a8177a6606fab1519946b865cdbad\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ae8d7fd94f54853f0f0af991dd457e17235f9674c75b1a22fb6c3c7fd16e19f8\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ae8d7fd94f54853f0f0af991dd457e17235f9674c75b1a22fb6c3c7fd16e19f8.pdf","asset_sha256":"ae8d7fd94f54853f0f0af991dd457e17235f9674c75b1a22fb6c3c7fd16e19f8","document_id":"fintabnet:MSI_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MSI_2006_page_118\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MSI_2012_page_85\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:MSI_2012\",\"ground_truth\":{\"blocks\":[{\"bbox\":[70.0,28.6,241.8,42.2],\"lines\":[{\"bbox\":[70.0,28.6,241.8,42.2],\"text\":\"The funded status of the plan is as follows:\"}],\"order\":0,\"text\":\"The funded status of the plan is as follows:\"},{\"bbox\":[444.7,53.9,464.9,65.3],\"lines\":[{\"bbox\":[444.7,53.9,464.9,65.3],\"text\":\"2012\"}],\"order\":1,\"text\":\"2012\"},{\"bbox\":[45.3,62.1,215.0,297.7],\"lines\":[{\"bbox\":[48.5,62.1,172.9,75.0],\"text\":\"Change in benefit obligation:\"},{\"bbox\":[54.4,75.4,177.8,88.2],\"text\":\"Benefit obligation at January 1\"},{\"bbox\":[54.2,89.4,102.9,101.1],\"text\":\"Service cost\"},{\"bbox\":[53.9,103.4,102.7,115.1],\"text\":\"Interest cost\"},{\"bbox\":[53.7,117.3,124.7,129.4],\"text\":\"Plan amendments\"},{\"bbox\":[53.5,131.3,110.6,143.2],\"text\":\"Actuarial gain\"},{\"bbox\":[53.3,145.3,123.8,157.4],\"text\":\"Benefit payments\"},{\"bbox\":[53.1,159.3,191.6,172.4],\"text\":\"Benefit obligation at December 31\"},{\"bbox\":[46.9,173.1,142.4,185.6],\"text\":\"Change in plan assets:\"},{\"bbox\":[52.7,186.3,144.0,198.7],\"text\":\"Fair value at January 1\"},{\"bbox\":[52.5,200.3,138.0,212.7],\"text\":\"Return on plan assets\"},{\"bbox\":[52.3,214.3,212.8,227.7],\"text\":\"Benefit payments made with plan assets\"},{\"bbox\":[52.1,228.3,158.4,241.0],\"text\":\"Fair value at December 31\"},{\"bbox\":[45.9,242.2,146.6,254.8],\"text\":\"Funded status of the plan\"},{\"bbox\":[45.7,256.2,134.8,268.6],\"text\":\"Unrecognized net loss\"},{\"bbox\":[45.5,270.2,173.1,283.2],\"text\":\"Unrecognized prior service cost\"},{\"bbox\":[45.3,284.2,208.2,297.7],\"text\":\"Accrued postretirement health care costs\"}],\"order\":2,\"text\":\"Change in benefit obligation:\\nBenefit obligation at January 1\\nService cost\\nInterest cost\\nPlan amendments\\nActuarial gain\\nBenefit payments\\nBenefit obligation at December 31\\nChange in plan assets:\\nFair value at January 1\\nReturn on plan assets\\nBenefit payments made with plan assets\\nFair value at December 31\\nFunded status of the plan\\nUnrecognized net loss\\nUnrecognized prior service cost\\nAccrued postretirement health care costs\"},{\"bbox\":[424.3,80.6,429.5,91.8],\"lines\":[{\"bbox\":[424.3,80.6,429.5,91.8],\"text\":\"$\"}],\"order\":3,\"text\":\"$\"},{\"bbox\":[421.3,289.6,426.4,300.8],\"lines\":[{\"bbox\":[421.3,289.6,426.4,300.8],\"text\":\"$\"}],\"order\":4,\"text\":\"$\"},{\"bbox\":[514.8,55.1,535.0,66.4],\"lines\":[{\"bbox\":[514.8,55.1,535.0,66.4],\"text\":\"2011\"}],\"order\":5,\"text\":\"2011\"},{\"bbox\":[464.4,81.2,499.5,176.8],\"lines\":[{\"bbox\":[469.0,81.3,499.5,92.9],\"text\":\"450 $\"},{\"bbox\":[478.8,95.4,483.9,106.6],\"text\":\"3\"},{\"bbox\":[473.6,109.4,483.7,120.6],\"text\":\"16\"},{\"bbox\":[465.0,123.2,486.8,134.6],\"text\":\"(151)\"},{\"bbox\":[473.1,137.4,483.3,148.6],\"text\":\"24\"},{\"bbox\":[469.6,151.3,486.4,162.6],\"text\":\"(20)\"},{\"bbox\":[467.7,165.3,482.9,176.6],\"text\":\"322\"}],\"order\":6,\"text\":\"450 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$\"}],\"order\":8,\"text\":\"155\\n20\\n(20)\\n155\\n(167)\\n206\\n(135)\\n(96) $\"},{\"bbox\":[532.6,193.4,555.8,302.7],\"lines\":[{\"bbox\":[537.3,193.4,552.5,204.7],\"text\":\"170\"},{\"bbox\":[547.1,207.5,552.3,218.7],\"text\":\"7\"},{\"bbox\":[538.6,221.4,555.4,232.7],\"text\":\"(22)\"},{\"bbox\":[536.7,235.4,551.9,246.7],\"text\":\"155\"},{\"bbox\":[533.2,249.3,555.0,260.7],\"text\":\"(295)\"},{\"bbox\":[536.3,263.4,551.5,274.7],\"text\":\"202\"},{\"bbox\":[541.1,277.5,551.3,288.7],\"text\":\"—\"},{\"bbox\":[537.6,291.4,554.4,302.7],\"text\":\"(93)\"}],\"order\":9,\"text\":\"170\\n7\\n(22)\\n155\\n(295)\\n202\\n—\\n(93)\"},{\"bbox\":[66.0,305.6,288.9,319.9],\"lines\":[{\"bbox\":[66.0,305.6,288.9,319.9],\"text\":\"Components of accrued postretirement health care cost:\"}],\"order\":10,\"text\":\"Components of accrued postretirement health care cost:\"},{\"bbox\":[43.8,326.1,216.2,398.8],\"lines\":[{\"bbox\":[44.7,326.1,150.1,338.7],\"text\":\"Years ended December 31\"},{\"bbox\":[44.5,340.2,127.2,352.5],\"text\":\"Non-current liability\"},{\"bbox\":[44.3,355.2,135.0,367.6],\"text\":\"Deferred income taxes\"},{\"bbox\":[44.1,370.2,215.6,383.8],\"text\":\"Accumulated other comprehensive income\"},{\"bbox\":[43.8,385.2,202.9,398.6],\"text\":\"Accrued postretirement health care cost\"}],\"order\":11,\"text\":\"Years ended December 31\\nNon-current liability\\nDeferred income taxes\\nAccumulated other comprehensive income\\nAccrued postretirement health care cost\"},{\"bbox\":[440.7,331.9,460.8,343.3],\"lines\":[{\"bbox\":[440.7,331.9,460.8,343.3],\"text\":\"2012\"}],\"order\":12,\"text\":\"2012\"},{\"bbox\":[420.4,346.6,425.6,357.7],\"lines\":[{\"bbox\":[420.4,346.6,425.6,357.7],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[510.8,332.9,531.0,344.3],\"lines\":[{\"bbox\":[510.8,332.9,531.0,344.3],\"text\":\"2011\"}],\"order\":14,\"text\":\"2011\"},{\"bbox\":[461.5,347.2,495.6,373.8],\"lines\":[{\"bbox\":[461.7,347.2,495.6,358.8],\"text\":\"(167) $\"},{\"bbox\":[469.9,362.3,480.0,373.5],\"text\":\"26\"}],\"order\":15,\"text\":\"(167) $\\n26\"},{\"bbox\":[531.7,348.2,553.6,359.6],\"lines\":[{\"bbox\":[531.7,348.2,553.6,359.6],\"text\":\"(295)\"}],\"order\":16,\"text\":\"(295)\"},{\"bbox\":[534.4,363.3,553.3,404.6],\"lines\":[{\"bbox\":[539.9,363.4,550.0,374.6],\"text\":\"92\"},{\"bbox\":[534.6,378.3,549.8,389.6],\"text\":\"110\"},{\"bbox\":[536.1,393.3,552.9,404.6],\"text\":\"(93)\"}],\"order\":17,\"text\":\"92\\n110\\n(93)\"},{\"bbox\":[466.1,377.3,495.2,403.8],\"lines\":[{\"bbox\":[469.6,377.3,479.8,388.5],\"text\":\"45\"},{\"bbox\":[466.1,392.2,494.9,403.8],\"text\":\"(96) $\"}],\"order\":18,\"text\":\"45\\n(96) $\"},{\"bbox\":[419.8,391.6,424.9,402.7],\"lines\":[{\"bbox\":[419.8,391.6,424.9,402.7],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[39.8,407.3,543.2,473.6],\"lines\":[{\"bbox\":[64.5,407.6,524.1,425.4],\"text\":\"During the first quarter of 2010, the Patient Protection and Affordable Care Act and the Health Care and Education\"},{\"bbox\":[40.3,419.3,529.0,437.4],\"text\":\"Reconciliation Act of 2010 were signed into law, which eliminated the favorable income tax treatment of Medicare Part D\"},{\"bbox\":[40.2,431.3,521.9,449.3],\"text\":\"Subsidy receipts effective for tax years starting in 2013. As a result of the tax law change, the Company recorded an $18\"},{\"bbox\":[40.0,443.3,542.7,461.6],\"text\":\"million non-cash tax charge in 2010 to reduce its deferred tax asset associated with Medicare Part D subsidies estimated to be\"},{\"bbox\":[39.8,455.3,119.7,467.5],\"text\":\"received after 2012.\"}],\"order\":20,\"text\":\"During the first quarter of 2010, the Patient Protection and Affordable Care Act and the Health Care and Education\\nReconciliation Act of 2010 were signed into law, which eliminated the favorable income tax treatment of Medicare Part D\\nSubsidy receipts effective for tax years starting in 2013. As a result of the tax law change, the Company recorded an $18\\nmillion non-cash tax charge in 2010 to reduce its deferred tax asset associated with Medicare Part D subsidies estimated to be\\nreceived after 2012.\"},{\"bbox\":[38.5,472.2,547.6,562.7],\"lines\":[{\"bbox\":[63.6,472.6,547.6,490.7],\"text\":\"The Company has adopted an investment policy for plan assets designed to meet or exceed the expected rate of return on\"},{\"bbox\":[39.4,484.2,544.7,502.7],\"text\":\"plan assets assumption. To achieve this, the plan retains professional investment managers that invest plan assets in equity and\"},{\"bbox\":[39.2,496.2,533.3,514.5],\"text\":\"fixed income securities and cash. The Company uses long-term historical actual return experience with consideration of the\"},{\"bbox\":[39.0,508.2,515.1,526.3],\"text\":\"expected investment mix of the plans’ assets, as well as future estimates of long-term investment returns, to develop its\"},{\"bbox\":[38.9,520.2,526.8,538.4],\"text\":\"expected rate of return assumption used in calculating the net periodic cost and the net retirement healthcare expense. The\"},{\"bbox\":[38.7,532.2,510.4,550.2],\"text\":\"Company has the following target mixes for these asset classes, which are readjusted periodically, when an asset class\"},{\"bbox\":[38.5,544.2,484.3,561.8],\"text\":\"weighting deviates from the target mix, with the goal of achieving the required return at a reasonable risk level:\"}],\"order\":21,\"text\":\"The Company has adopted an investment policy for plan assets designed to meet or exceed the expected rate of return on\\nplan assets assumption. To achieve this, the plan retains professional investment managers that invest plan assets in equity and\\nfixed income securities and cash. The Company uses long-term historical actual return experience with consideration of the\\nexpected investment mix of the plans’ assets, as well as future estimates of long-term investment returns, to develop its\\nexpected rate of return assumption used in calculating the net periodic cost and the net retirement healthcare expense. 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The\\nCompany has the following target mixes for these asset classes, which are readjusted periodically, when an asset class\\nweighting deviates from the target mix, with the goal of achieving the required return at a reasonable risk level:\\n\\nTarget Mix\\n\\nAsset Category\\nEquity securities\\nFixed income securities\\nCash and other investments\\n\\n2012\\n\\n2011\\n\\n65%\\n34%\\n1%\\n\\n65%\\n34%\\n1%\\n\\n77\",\"name\":\"fintabnet.MSI_2012_page_85__72dpi_mild\",\"page_id\":\"fintabnet.MSI_2012_page_85\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.835,\"source\":\"fintabnet\",\"source_id\":\"MSI_2012_page_85\",\"stack\":[{\"deg\":-0.835,\"op\":\"skew\"},{\"amp\":0.078,\"angle\":92.9,\"blob\":0.294,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.381},{\"gain\":0.938,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":75}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[40.4,564.2,550.3,638.7],\"block_orders\":[22,23,24,25,26,27],\"cells\":null}],\"text\":\"The funded status of the plan is as follows:\\n\\n2012\\n\\nChange in benefit obligation:\\nBenefit obligation at January 1\\nService cost\\nInterest cost\\nPlan amendments\\nActuarial gain\\nBenefit payments\\nBenefit obligation at December 31\\nChange in plan assets:\\nFair value at January 1\\nReturn on plan assets\\nBenefit payments made with plan assets\\nFair value at December 31\\nFunded status of the plan\\nUnrecognized net loss\\nUnrecognized prior service cost\\nAccrued postretirement health care costs\\n\\n$\\n\\n$\\n\\n2011\\n\\n450 $\\n3\\n16\\n(151)\\n24\\n(20)\\n322\\n\\n447\\n4\\n22\\n—\\n—\\n(23)\\n450\\n\\n155\\n20\\n(20)\\n155\\n(167)\\n206\\n(135)\\n(96) $\\n\\n170\\n7\\n(22)\\n155\\n(295)\\n202\\n—\\n(93)\\n\\nComponents of accrued postretirement health care cost:\\n\\nYears ended December 31\\nNon-current liability\\nDeferred income taxes\\nAccumulated other comprehensive income\\nAccrued postretirement health care cost\\n\\n2012\\n\\n$\\n\\n2011\\n\\n(167) $\\n26\\n\\n(295)\\n\\n92\\n110\\n(93)\\n\\n45\\n(96) $\\n\\n$\\n\\nDuring the first quarter of 2010, the Patient Protection and Affordable Care Act and the Health Care and Education\\nReconciliation Act of 2010 were signed into law, which eliminated the favorable income tax treatment of Medicare Part D\\nSubsidy receipts effective for tax years starting in 2013. As a result of the tax law change, the Company recorded an $18\\nmillion non-cash tax charge in 2010 to reduce its deferred tax asset associated with Medicare Part D subsidies estimated to be\\nreceived after 2012.\\n\\nThe Company has adopted an investment policy for plan assets designed to meet or exceed the expected rate of return on\\nplan assets assumption. To achieve this, the plan retains professional investment managers that invest plan assets in equity and\\nfixed income securities and cash. The Company uses long-term historical actual return experience with consideration of the\\nexpected investment mix of the plans’ assets, as well as future estimates of long-term investment returns, to develop its\\nexpected rate of return assumption used in calculating the net periodic cost and the net retirement healthcare expense. The\\nCompany has the following target mixes for these asset classes, which are readjusted periodically, when an asset class\\nweighting deviates from the target mix, with the goal of achieving the required return at a reasonable risk level:\\n\\nTarget Mix\\n\\nAsset Category\\nEquity securities\\nFixed income securities\\nCash and other investments\\n\\n2012\\n\\n2011\\n\\n65%\\n34%\\n1%\\n\\n65%\\n34%\\n1%\\n\\n77\"},\"name\":\"fintabnet.MSI_2012_page_85__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":65262,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:MSI_2012\",\"dpi\":72,\"gt_sha256\":\"ff9ea48f4018e0ba593e5f85661c42369387b8bd7f078c437d40d5f95620f0e4\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MSI_2012_page_85__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.MSI_2012_page_85\",\"pdf_sha256\":\"d75acf02b167c94a1577cb5669bea3cf7ee957114e05b9b526173d261f0e767e\",\"px\":[594,774],\"scan\":{\"render\":\"000078086008781e780a700a7e1a7c7e7ffe7ffc7ffe73fc701e000a00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"MSI_2012_page_85\",\"src\":{\"file_sha256\":\"94699eae69e108432568b2eb747cf64b8105007f5648172052a58d8fcb26cf2f\",\"render\":\"0000781e6008781e780a701e7f087ffe7ffe7ffc7ffc7bf8701e000000000000\",\"text\":\"38d6ab4e07a27002ebea769ba636124e7bdc6a1c144c7e69cc2bb6ccbee7c2b4\"},\"stack\":[{\"deg\":-0.835,\"op\":\"skew\"},{\"amp\":0.078,\"angle\":92.9,\"blob\":0.294,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.381},{\"gain\":0.938,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":75}],\"tools\":\"21647cade0ee\"},\"sha256\":\"d75acf02b167c94a1577cb5669bea3cf7ee957114e05b9b526173d261f0e767e\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/d75acf02b167c94a1577cb5669bea3cf7ee957114e05b9b526173d261f0e767e.pdf","asset_sha256":"d75acf02b167c94a1577cb5669bea3cf7ee957114e05b9b526173d261f0e767e","document_id":"fintabnet:MSI_2012","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MSI_2012_page_85\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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Revenues\"},{\"bbox\":[589.7,439.4,655.8,469.6],\"lines\":[{\"bbox\":[589.7,439.4,655.8,469.6],\"text\":\"2017\"}],\"order\":3,\"text\":\"2017\"},{\"bbox\":[206.5,423.3,338.1,452.8],\"lines\":[{\"bbox\":[206.5,423.3,338.1,452.8],\"text\":\"$ in millions\"}],\"order\":4,\"text\":\"$ in 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$\"},{\"bbox\":[2300.0,429.4,2384.9,464.1],\"lines\":[{\"bbox\":[2300.0,429.4,2384.9,464.1],\"text\":\"3,748\"}],\"order\":113,\"text\":\"3,748\"},{\"bbox\":[2297.5,481.4,2382.3,516.2],\"lines\":[{\"bbox\":[2297.5,481.4,2382.3,516.2],\"text\":\"4,377\"}],\"order\":114,\"text\":\"4,377\"},{\"bbox\":[1842.2,458.8,1927.0,493.6],\"lines\":[{\"bbox\":[1842.2,458.8,1927.0,493.6],\"text\":\"2,210\"}],\"order\":115,\"text\":\"2,210\"},{\"bbox\":[1998.0,466.6,2082.9,501.3],\"lines\":[{\"bbox\":[1998.0,466.6,2082.9,501.3],\"text\":\"2,437\"}],\"order\":116,\"text\":\"2,437\"},{\"bbox\":[2158.3,474.5,2237.5,509.0],\"lines\":[{\"bbox\":[2158.3,474.5,2237.5,509.0],\"text\":\"(270)\"}],\"order\":117,\"text\":\"(270)\"},{\"bbox\":[1867.3,512.2,1924.3,545.6],\"lines\":[{\"bbox\":[1867.3,512.2,1924.3,545.6],\"text\":\"163\"}],\"order\":118,\"text\":\"163\"},{\"bbox\":[2045.4,521.1,2080.2,553.3],\"lines\":[{\"bbox\":[2045.4,521.1,2080.2,553.3],\"text\":\"—\"}],\"order\":119,\"text\":\"—\"},{\"bbox\":[2189.0,528.2,2223.8,560.5],\"lines\":[{\"bbox\":[2189.0,528.2,2223.8,560.5],\"text\":\"—\"}],\"order\":120,\"text\":\"—\"},{\"bbox\":[2322.5,534.8,2379.6,568.2],\"lines\":[{\"bbox\":[2322.5,534.8,2379.6,568.2],\"text\":\"163\"}],\"order\":121,\"text\":\"163\"},{\"bbox\":[1751.9,558.7,1771.9,590.2],\"lines\":[{\"bbox\":[1751.9,558.7,1771.9,590.2],\"text\":\"$\"}],\"order\":122,\"text\":\"$\"},{\"bbox\":[1837.0,562.9,1961.1,599.6],\"lines\":[{\"bbox\":[1837.0,562.9,1961.1,599.6],\"text\":\"5,673 $\"}],\"order\":123,\"text\":\"5,673 $\"},{\"bbox\":[1992.9,570.6,2116.9,607.3],\"lines\":[{\"bbox\":[1992.9,570.6,2116.9,607.3],\"text\":\"2,759 $\"}],\"order\":124,\"text\":\"2,759 $\"},{\"bbox\":[2153.1,578.5,2260.5,614.4],\"lines\":[{\"bbox\":[2153.1,578.5,2260.5,614.4],\"text\":\"(144) $\"}],\"order\":125,\"text\":\"(144) $\"},{\"bbox\":[2292.3,585.4,2377.1,620.2],\"lines\":[{\"bbox\":[2292.3,585.4,2377.1,620.2],\"text\":\"8,288\"}],\"order\":126,\"text\":\"8,288\"},{\"bbox\":[1334.2,640.2,1535.6,680.7],\"lines\":[{\"bbox\":[1334.2,640.2,1535.6,680.7],\"text\":\"Fixed Income\"}],\"order\":127,\"text\":\"Fixed Income\"},{\"bbox\":[1746.9,660.6,1766.9,692.2],\"lines\":[{\"bbox\":[1746.9,660.6,1766.9,692.2],\"text\":\"$\"}],\"order\":128,\"text\":\"$\"},{\"bbox\":[1832.0,664.8,1956.0,701.5],\"lines\":[{\"bbox\":[1832.0,664.8,1956.0,701.5],\"text\":\"3,333 $\"}],\"order\":129,\"text\":\"3,333 $\"},{\"bbox\":[2015.5,673.9,2111.9,709.3],\"lines\":[{\"bbox\":[2015.5,673.9,2111.9,709.3],\"text\":\"139 $\"}],\"order\":130,\"text\":\"139 $\"},{\"bbox\":[2159.1,681.0,2255.5,716.4],\"lines\":[{\"bbox\":[2159.1,681.0,2255.5,716.4],\"text\":\"831 $\"}],\"order\":131,\"text\":\"831 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$\"},{\"bbox\":[2153.9,785.1,2250.3,820.4],\"lines\":[{\"bbox\":[2153.9,785.1,2250.3,820.4],\"text\":\"831 $\"}],\"order\":139,\"text\":\"831 $\"},{\"bbox\":[2282.1,791.4,2366.9,826.2],\"lines\":[{\"bbox\":[2282.1,791.4,2366.9,826.2],\"text\":\"4,758\"}],\"order\":140,\"text\":\"4,758\"},{\"bbox\":[1329.1,744.2,1631.9,790.0],\"lines\":[{\"bbox\":[1329.1,744.2,1631.9,790.0],\"text\":\"Total Fixed income\"}],\"order\":141,\"text\":\"Total Fixed income\"},{\"bbox\":[1741.7,764.6,1761.7,796.2],\"lines\":[{\"bbox\":[1741.7,764.6,1761.7,796.2],\"text\":\"$\"}],\"order\":142,\"text\":\"$\"},{\"bbox\":[1307.1,833.1,2362.9,1269.0],\"lines\":[{\"bbox\":[1324.8,833.1,2286.8,909.4],\"text\":\"1. Includes Commissions and fees and Asset management revenues.\"},{\"bbox\":[1322.8,872.6,2360.8,952.7],\"text\":\"2. Funding costs are allocated to the businesses based on funding usage\"},{\"bbox\":[1358.3,914.0,1799.5,964.5],\"text\":\"and are included in Net interest.\"},{\"bbox\":[1318.9,951.7,2357.0,1031.8],\"text\":\"3. In 2017 and 2016, in accordance with the early adoption of a provision\"},{\"bbox\":[1354.4,993.1,2355.0,1071.3],\"text\":\"of the accounting update Recognition and Measurement of Financial\"},{\"bbox\":[1352.4,1032.6,2352.8,1110.9],\"text\":\"Assets and Financial Liabilities, unrealized DVA gains (losses) are\"},{\"bbox\":[1350.5,1072.2,2350.9,1150.4],\"text\":\"recorded within OCI in the comprehensive income statements. In 2015,\"},{\"bbox\":[1348.5,1111.7,2348.8,1189.9],\"text\":\"the DVA gains (losses) were recorded within Trading revenues in the\"},{\"bbox\":[1346.6,1151.2,2346.9,1229.5],\"text\":\"income statements. For further information, see “Selected Non-GAAP\"},{\"bbox\":[1344.6,1190.8,2298.5,1266.7],\"text\":\"Financial Information” herein and Note 15 to the financial statements.\"}],\"order\":143,\"text\":\"1. Includes Commissions and fees and Asset management revenues.\\n2. Funding costs are allocated to the businesses based on funding usage\\nand are included in Net interest.\\n3. In 2017 and 2016, in accordance with the early adoption of a provision\\nof the accounting update Recognition and Measurement of Financial\\nAssets and Financial Liabilities, unrealized DVA gains (losses) are\\nrecorded within OCI in the comprehensive income statements. In 2015,\\nthe DVA gains (losses) were recorded within Trading revenues in the\\nincome statements. For further information, see “Selected Non-GAAP\\nFinancial Information” herein and Note 15 to the financial statements.\"},{\"bbox\":[1043.8,889.5,1181.1,923.0],\"lines\":[{\"bbox\":[1043.8,889.5,1181.1,923.0],\"text\":\"% Change\"}],\"order\":144,\"text\":\"% Change\"},{\"bbox\":[181.8,920.7,313.4,950.1],\"lines\":[{\"bbox\":[181.8,920.7,313.4,950.1],\"text\":\"$ in millions\"}],\"order\":145,\"text\":\"$ in millions\"},{\"bbox\":[1844.8,406.8,1968.8,443.5],\"lines\":[{\"bbox\":[1844.8,406.8,1968.8,443.5],\"text\":\"3,300 $\"}],\"order\":146,\"text\":\"3,300 $\"},{\"bbox\":[1975.7,361.2,2063.3,396.1],\"lines\":[{\"bbox\":[1975.7,361.2,2063.3,396.1],\"text\":\"Fees 1\"}],\"order\":147,\"text\":\"Fees 1\"},{\"bbox\":[1339.3,538.2,1531.2,578.5],\"lines\":[{\"bbox\":[1339.3,538.2,1531.2,578.5],\"text\":\"Total Equity\"}],\"order\":148,\"text\":\"Total Equity\"},{\"bbox\":[1331.7,692.2,1559.5,734.0],\"lines\":[{\"bbox\":[1331.7,692.2,1559.5,734.0],\"text\":\"Impact of DVA 3\"}],\"order\":149,\"text\":\"Impact of DVA 3\"},{\"bbox\":[189.1,763.4,403.2,806.7],\"lines\":[{\"bbox\":[189.1,763.4,403.2,806.7],\"text\":\"By Business\"}],\"order\":150,\"text\":\"By Business\"},{\"bbox\":[179.3,967.6,436.4,1007.1],\"lines\":[{\"bbox\":[179.3,967.6,436.4,1007.1],\"text\":\"Equity—U.S. GAAP\"}],\"order\":151,\"text\":\"Equity—U.S. GAAP\"},{\"bbox\":[1759.7,402.6,1779.7,434.1],\"lines\":[{\"bbox\":[1759.7,402.6,1779.7,434.1],\"text\":\"$\"}],\"order\":152,\"text\":\"$\"},{\"bbox\":[1344.5,434.2,1623.5,478.5],\"lines\":[{\"bbox\":[1344.5,434.2,1623.5,478.5],\"text\":\"Execution services\"}],\"order\":153,\"text\":\"Execution services\"},{\"bbox\":[1049.8,420.6,1231.8,498.0],\"lines\":[{\"bbox\":[1067.0,421.3,1204.3,454.8],\"text\":\"% Change\"},{\"bbox\":[1049.8,462.2,1115.9,492.4],\"text\":\"2017\"},{\"bbox\":[1163.6,467.8,1229.7,497.8],\"text\":\"2016\"}],\"order\":154,\"text\":\"% Change\\n2017\\n2016\"},{\"bbox\":[612.4,490.5,740.0,523.8],\"lines\":[{\"bbox\":[612.4,490.5,740.0,523.8],\"text\":\"10,295 $\"}],\"order\":155,\"text\":\"10,295 $\"},{\"bbox\":[201.5,520.2,497.8,561.7],\"lines\":[{\"bbox\":[201.5,520.2,497.8,561.7],\"text\":\"Commissions and fees\"}],\"order\":156,\"text\":\"Commissions and fees\"},{\"bbox\":[1789.9,351.9,1904.3,388.2],\"lines\":[{\"bbox\":[1789.9,351.9,1904.3,388.2],\"text\":\"Trading\"}],\"order\":157,\"text\":\"Trading\"},{\"bbox\":[1349.7,333.1,1503.2,367.5],\"lines\":[{\"bbox\":[1349.7,333.1,1503.2,367.5],\"text\":\"$ in millions\"}],\"order\":158,\"text\":\"$ in millions\"},{\"bbox\":[212.3,295.2,739.5,354.0],\"lines\":[{\"bbox\":[212.3,295.2,739.5,354.0],\"text\":\"By Income Statement Line Item\"}],\"order\":159,\"text\":\"By Income Statement Line Item\"},{\"bbox\":[1277.3,1282.3,2340.2,1870.8],\"lines\":[{\"bbox\":[1302.1,1282.3,2340.2,1371.4],\"text\":\"As discussed in “Net Revenues by Segment” herein, we\"},{\"bbox\":[1299.6,1332.2,2337.5,1421.3],\"text\":\"manage each of the sales and trading businesses based on its\"},{\"bbox\":[1297.1,1382.2,2335.0,1471.3],\"text\":\"aggregate net revenues, which are comprised of the income\"},{\"bbox\":[1294.6,1432.1,2332.6,1521.2],\"text\":\"statement line items quantified in the previous table. Trading\"},{\"bbox\":[1292.2,1482.1,2330.0,1571.2],\"text\":\"revenues are affected by a variety of market dynamics,\"},{\"bbox\":[1289.7,1532.0,2327.7,1621.1],\"text\":\"including volumes, bid-offer spreads and inventory prices, as\"},{\"bbox\":[1287.2,1581.9,2324.6,1671.0],\"text\":\"well as impacts from hedging activity, which are interrelated.\"},{\"bbox\":[1284.7,1631.9,2322.8,1721.0],\"text\":\"We provide qualitative commentary in the discussion of\"},{\"bbox\":[1282.3,1681.8,2319.6,1770.9],\"text\":\"results that follow on the key drivers of period-over-period\"},{\"bbox\":[1279.8,1731.7,2317.6,1820.8],\"text\":\"variances, as the quantitative impact of the various market\"},{\"bbox\":[1277.3,1781.7,2018.6,1856.1],\"text\":\"dynamics typically cannot be disaggregated.\"}],\"order\":160,\"text\":\"As discussed in “Net Revenues by Segment” herein, we\\nmanage each of the sales and trading businesses based on its\\naggregate net revenues, which are comprised of the income\\nstatement line items quantified in the previous table. Trading\\nrevenues are affected by a variety of market dynamics,\\nincluding volumes, bid-offer spreads and inventory prices, as\\nwell as impacts from hedging activity, which are interrelated.\\nWe provide qualitative commentary in the discussion of\\nresults that follow on the key drivers of period-over-period\\nvariances, as the quantitative impact of the various market\\ndynamics typically cannot be disaggregated.\"},{\"bbox\":[133.8,1567.5,1187.6,1963.8],\"lines\":[{\"bbox\":[149.5,1567.5,1187.6,1647.6],\"text\":\"1. In 2017 and 2016, in accordance with the early adoption of a provision\"},{\"bbox\":[185.0,1608.8,1185.6,1687.1],\"text\":\"of the accounting update Recognition and Measurement of Financial\"},{\"bbox\":[183.0,1648.4,1183.4,1726.6],\"text\":\"Assets and Financial Liabilities, unrealized DVA gains (losses) are\"},{\"bbox\":[181.0,1687.9,1181.5,1766.2],\"text\":\"recorded within OCI in the comprehensive income statements. In 2015,\"},{\"bbox\":[179.1,1727.5,1179.4,1805.7],\"text\":\"the DVA gains (losses) were recorded within Trading revenues in the\"},{\"bbox\":[177.1,1767.0,1177.5,1845.2],\"text\":\"income statements. For further information, see “Selected Non-GAAP\"},{\"bbox\":[175.2,1806.5,1129.0,1882.5],\"text\":\"Financial Information” herein and Note 15 to the financial statements.\"},{\"bbox\":[135.8,1844.2,1173.2,1924.3],\"text\":\"2. Effective in 2016, the Institutional Securities “Fixed Income and\"},{\"bbox\":[171.2,1885.6,1159.5,1963.2],\"text\":\"Commodities” business has been renamed the “Fixed Income” business.\"}],\"order\":161,\"text\":\"1. In 2017 and 2016, in accordance with the early adoption of a provision\\nof the accounting update Recognition and Measurement of Financial\\nAssets and Financial Liabilities, unrealized DVA gains (losses) are\\nrecorded within OCI in the comprehensive income statements. In 2015,\\nthe DVA gains (losses) were recorded within Trading revenues in the\\nincome statements. For further information, see “Selected Non-GAAP\\nFinancial Information” herein and Note 15 to the financial statements.\\n2. Effective in 2016, the Institutional Securities “Fixed Income and\\nCommodities” business has been renamed the “Fixed Income” business.\"},{\"bbox\":[1267.8,1873.2,2310.8,2062.2],\"lines\":[{\"bbox\":[1272.8,1873.2,2310.8,1962.4],\"text\":\"For additional information on total Trading revenues, see the\"},{\"bbox\":[1270.3,1923.2,2308.3,2012.3],\"text\":\"table “Trading Revenues by Product Type” in Note 4 to the\"},{\"bbox\":[1267.8,1973.1,1612.3,2027.8],\"text\":\"financial statements.\"}],\"order\":162,\"text\":\"For additional information on total Trading revenues, see the\\ntable “Trading Revenues by Product Type” in Note 4 to the\\nfinancial statements.\"},{\"bbox\":[808.4,1990.8,884.0,2025.3],\"lines\":[{\"bbox\":[808.4,1990.8,884.0,2025.3],\"text\":\"2017\"}],\"order\":163,\"text\":\"2017\"},{\"bbox\":[548.5,2057.2,662.9,2093.4],\"lines\":[{\"bbox\":[548.5,2057.2,662.9,2093.4],\"text\":\"Trading\"}],\"order\":164,\"text\":\"Trading\"},{\"bbox\":[126.2,2039.2,279.7,2073.6],\"lines\":[{\"bbox\":[126.2,2039.2,279.7,2073.6],\"text\":\"$ in millions\"}],\"order\":165,\"text\":\"$ in millions\"},{\"bbox\":[123.6,2088.2,269.4,2126.0],\"lines\":[{\"bbox\":[123.6,2088.2,269.4,2126.0],\"text\":\"Financing\"}],\"order\":166,\"text\":\"Financing\"},{\"bbox\":[518.3,2107.8,538.3,2139.6],\"lines\":[{\"bbox\":[518.3,2107.8,538.3,2139.6],\"text\":\"$\"}],\"order\":167,\"text\":\"$\"},{\"bbox\":[121.0,2140.3,400.0,2184.6],\"lines\":[{\"bbox\":[121.0,2140.3,400.0,2184.6],\"text\":\"Execution services\"}],\"order\":168,\"text\":\"Execution 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10-K\"}],\"order\":225,\"text\":\"December 2017 Form 10-K\"}],\"doc\":\"fintabnet:MS_2017\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"Management’s Discussion and Analysis\\n\\n|  | 2015 |  |  |  |\\n| --- | --- | --- | --- | --- |\\n| $ in millions | Trading | Fees1 | Net Interest 2 | Total |\\n| Financing | $3,300 | $322 | $126 | $3,748 |\\n| Execution services | 2,210 | 2,437 | (270) | 4,377 |\\n| Impact ofDVA3 | 163 | — | — | 163 |\\n|  Total Equity | $5,673 | $2,759 | $(144) | $8,288 |\\n| Fixed Income | $3,333 | $139 | $831 | $4,303 |\\n| Impact ofDVA3 | 455 | — | — | 455 |\\n|  Total Fixed income | $3,788 | $139 | $831 | $4,758 |\\n\\nSales and Trading Net Revenues\\n\\n|  |  |  |  | % Change |  |\\n| --- | --- | --- | --- | --- | --- |\\n| $ in millions | 2017 | 2016 | 2015 |  2017 | 2016 |\\n| Trading | $10,295 | $9,387 | $9,400 |  10% | —0⁄0 |\\n| Commissions and fees | 2,433 | 2,456 | 2,616 |  (1)% | (6)% |\\n| Asset management | 359 | 293 | 281 |  23% | 4% |\\n| Net interest | (809) | 165 | 153 |  N/M | 8% |\\n|  Total | $12,278 | $12,301 | $12,450 |  N/M | (1)% |\\n\\n|  |  |  |  | % Change |  |\\n| --- | --- | --- | --- | --- | --- |\\n| $ in millions | 2017 | 2016 | 2015 |  2017 | 2016 |\\n| Equity—U.S. GAAP | $7,982 | $8,037 | $8,288 |  (1)% | (3)% |\\n| Impact ofDVA1 | — | — | (163) | —% | N/M |\\n| Equity—non-GAAP | $7,982 | $8,037 | $8,125 |  (1)% | (1)% |\\n| Fixed Income— U.S. GAAP2 | $4,928 | $5,117 | $4,758 |  (4)% | 8% |\\n| Impact ofDVA1 | — | — | (455) |  —% | N/M |\\n| Fixedincome—non-GAAP | $4,928 | $5,117 | $4,303 |  (4)% | 19% |\\n| Other—U.S. GAAP | (632) | (853) | (596) |  26% | (43)% |\\n|  Total—U.S. GAAP | $12,278 | $12,301 | $12,450 |  —0⁄0 | (1)% |\\n|  Total—Impact of DVA | — | — | (618) |  —% | N/M |\\n|  Total | $12,278 | $12,301 | $11,832 |  —0⁄0 | 4% |\\n\\n1. Includes Commissions and fees and Asset management revenues.\\n2. Funding costs are allocated to the businesses based on funding usage\\nand are included in Net interest.\\n3. In 2017 and 2016, in accordance with the early adoption of a provision\\nof the accounting update Recognition and Measurement of Financial\\nAssets and Financial Liabilities, unrealized DVA gains (losses) are\\nrecorded within OCI in the comprehensive income statements. In 2015,\\nthe DVA gains (losses) were recorded within Trading revenues in the\\nincome statements. For further information, see “Selected Non-GAAP\\nFinancial Information” herein and Note 15 to the financial statements.\\n\\nBy Business\\n\\nBy Income Statement Line Item\\n\\nAs discussed in “Net Revenues by Segment” herein, we\\nmanage each of the sales and trading businesses based on its\\naggregate net revenues, which are comprised of the income\\nstatement line items quantified in the previous table. Trading\\nrevenues are affected by a variety of market dynamics,\\nincluding volumes, bid-offer spreads and inventory prices, as\\nwell as impacts from hedging activity, which are interrelated.\\nWe provide qualitative commentary in the discussion of\\nresults that follow on the key drivers of period-over-period\\nvariances, as the quantitative impact of the various market\\ndynamics typically cannot be disaggregated.\\n\\n1. In 2017 and 2016, in accordance with the early adoption of a provision\\nof the accounting update Recognition and Measurement of Financial\\nAssets and Financial Liabilities, unrealized DVA gains (losses) are\\nrecorded within OCI in the comprehensive income statements. In 2015,\\nthe DVA gains (losses) were recorded within Trading revenues in the\\nincome statements. For further information, see “Selected Non-GAAP\\nFinancial Information” herein and Note 15 to the financial statements.\\n2. Effective in 2016, the Institutional Securities “Fixed Income and\\nCommodities” business has been renamed the “Fixed Income” business.\\n\\nFor additional information on total Trading revenues, see the\\ntable “Trading Revenues by Product Type” in Note 4 to the\\nfinancial statements.\\n\\n|  |  2017 |  |  |  |\\n| --- | --- | --- | --- | --- |\\n| $ in millions | Trading | Fees1 | Net Interest 2 | Total |\\n| Financing | $4,140 | $363 | $(762) | $3,741 |\\n| Execution services | 2,294 | 2,191 | (244) | 4,241 |\\n|  Total Equity | $6,434 | $2,554 | $(1,006) | $7,982 |\\n|  Total Fixed income | $4,453 | $238 | $237 | $4,928 |\\n|  | 2016 |  |  |  |\\n| $ in millions | Trading | Fees1 | Net Interest 2 | Total |\\n| Financing | $3,668 | $347 | $(283) | $3,732 |\\n| Execution services | 2,231 | 2,241 | (167) | 4,305 |\\n|  Total Equity | $5,899 | $2,588 | $(450) | $8,037 |\\n|  Total Fixed income | $4,115 | $162 | $840 | $5,117 |\\n\\n2017 Compared with 2016\\n\\nEquity\\n\\nEquity sales and trading net revenues of $7,982 million in\\n2017 decreased 1% from 2016, reflecting lower results in\\nexecution services.\\n\\n• Financing revenues remained relatively unchanged from\\n2016. The results reflected higher client activity in equity\\nswaps reflected in Trading revenues, offset by a decline in\\nNet interest revenues from higher net interest costs,\\nreflecting the business’ increased portion of GLR require-\\nments and a shift in the mix of financing transactions.\\n\\n43\\n\\nDecember 2017 Form 10-K\",\"name\":\"fintabnet.MS_2017_page_48__300dpi_heavy\",\"page_id\":\"fintabnet.MS_2017_page_48\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.838,\"source\":\"fintabnet\",\"source_id\":\"MS_2017_page_48\",\"stack\":[{\"deg\":-2.838,\"op\":\"skew\"},{\"amp\":0.309,\"angle\":236.7,\"blob\":0.325,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.623},{\"op\":\"noise\",\"sigma\":11.568},{\"gain\":0.632,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":50}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[194.0,372.6,1246.4,748.4],\"block_orders\":[3,4,5,6,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,154,155,156],\"cells\":[{\"bbox\":[1067.0,419.0,1204.4,454.9],\"c0\":4,\"c1\":5,\"r0\":0,\"r1\":0,\"text\":\"% Change\"},{\"bbox\":[206.5,421.3,338.2,452.8],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"$ in millions\"},{\"bbox\":[589.7,437.2,655.9,469.6],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2017\"},{\"bbox\":[759.7,445.4,826.0,477.8],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2016\"},{\"bbox\":[915.1,453.1,981.4,485.5],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"2015\"},{\"bbox\":[1049.7,460.0,1116.0,492.4],\"c0\":4,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\" 2017\"},{\"bbox\":[1163.5,465.5,1229.8,497.8],\"c0\":5,\"c1\":5,\"r0\":1,\"r1\":1,\"text\":\"2016\"},{\"bbox\":[203.9,468.0,304.2,502.0],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Trading\"},{\"bbox\":[537.9,484.7,702.9,522.0],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"$10,295\"},{\"bbox\":[722.4,493.7,858.4,529.5],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"$9,387\"},{\"bbox\":[877.9,501.4,1013.9,537.2],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"$9,400\"},{\"bbox\":[1068.1,511.0,1127.8,543.1],\"c0\":4,\"c1\":4,\"r0\":2,\"r1\":2,\"text\":\" 10%\"},{\"bbox\":[1176.9,510.3,1241.9,548.5],\"c0\":5,\"c1\":5,\"r0\":2,\"r1\":2,\"text\":\"—0⁄0\"},{\"bbox\":[201.5,517.9,497.9,561.7],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Commissions and fees\"},{\"bbox\":[626.2,539.2,700.5,571.9],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"2,433\"},{\"bbox\":[781.6,546.7,856.0,579.4],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"2,456\"},{\"bbox\":[937.0,554.4,1011.4,587.1],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"2,616\"},{\"bbox\":[1062.3,560.8,1125.2,593.0],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\" (1)%\"},{\"bbox\":[1176.1,566.2,1239.1,598.4],\"c0\":5,\"c1\":5,\"r0\":3,\"r1\":3,\"text\":\"(6)%\"},{\"bbox\":[199.0,567.8,451.4,609.4],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Asset management\"},{\"bbox\":[648.0,590.3,698.1,621.9],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"359\"},{\"bbox\":[803.5,597.8,853.5,629.4],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"293\"},{\"bbox\":[958.9,605.5,1009.0,637.1],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"281\"},{\"bbox\":[1063.1,610.9,1122.9,642.9],\"c0\":4,\"c1\":4,\"r0\":4,\"r1\":4,\"text\":\" 23%\"},{\"bbox\":[1193.2,617.1,1236.8,648.4],\"c0\":5,\"c1\":5,\"r0\":4,\"r1\":4,\"text\":\"4%\"},{\"bbox\":[196.5,617.8,347.0,654.3],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Net interest\"},{\"bbox\":[635.8,639.8,705.2,672.3],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"(809)\"},{\"bbox\":[801.0,647.7,851.0,679.3],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"165\"},{\"bbox\":[956.4,655.4,1006.5,687.0],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"153\"},{\"bbox\":[1065.5,661.1,1120.3,692.9],\"c0\":4,\"c1\":4,\"r0\":5,\"r1\":5,\"text\":\" N/M\"},{\"bbox\":[1190.7,667.1,1234.3,698.3],\"c0\":5,\"c1\":5,\"r0\":5,\"r1\":5,\"text\":\"8%\"},{\"bbox\":[194.0,667.9,265.1,700.5],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\" Total\"},{\"bbox\":[528.0,684.5,693.0,721.8],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"$12,278\"},{\"bbox\":[712.6,693.4,848.5,729.3],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"$12,301\"},{\"bbox\":[868.0,701.1,1003.9,737.0],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"$12,450\"},{\"bbox\":[1063.0,711.0,1117.9,742.8],\"c0\":4,\"c1\":4,\"r0\":6,\"r1\":6,\"text\":\" N/M\"},{\"bbox\":[1168.7,716.0,1231.6,748.2],\"c0\":5,\"c1\":5,\"r0\":6,\"r1\":6,\"text\":\"(1)%\"}]},{\"bbox\":[153.3,840.7,1223.2,1570.3],\"block_orders\":[39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104,105,106,107,108,144,145,151],\"cells\":[{\"bbox\":[1043.8,887.1,1181.2,923.0],\"c0\":4,\"c1\":5,\"r0\":0,\"r1\":0,\"text\":\"% Change\"},{\"bbox\":[181.8,918.6,313.5,950.1],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"$ in millions\"},{\"bbox\":[572.3,934.9,638.6,967.3],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2017\"},{\"bbox\":[735.0,942.7,801.3,975.1],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2016\"},{\"bbox\":[890.5,950.5,956.7,982.8],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"2015\"},{\"bbox\":[1017.8,957.0,1084.1,989.4],\"c0\":4,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\" 2017\"},{\"bbox\":[1146.2,963.1,1212.5,995.5],\"c0\":5,\"c1\":5,\"r0\":1,\"r1\":1,\"text\":\"2016\"},{\"bbox\":[179.3,965.3,436.5,1007.1],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Equity—U.S. GAAP\"},{\"bbox\":[527.8,982.7,678.3,1019.3],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"$7,982\"},{\"bbox\":[697.8,991.0,833.8,1026.8],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"$8,037\"},{\"bbox\":[853.2,998.7,989.2,1034.5],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"$8,288\"},{\"bbox\":[1025.5,1007.4,1088.5,1039.6],\"c0\":4,\"c1\":4,\"r0\":2,\"r1\":2,\"text\":\" (1)%\"},{\"bbox\":[1153.9,1013.6,1216.9,1045.8],\"c0\":5,\"c1\":5,\"r0\":2,\"r1\":2,\"text\":\"(3)%\"},{\"bbox\":[176.8,1015.2,376.7,1054.2],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Impact ofDVA1\"},{\"bbox\":[645.4,1038.4,676.0,1069.0],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"—\"},{\"bbox\":[800.8,1046.1,831.4,1076.7],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"—\"},{\"bbox\":[926.9,1052.4,996.4,1084.9],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"(163)\"},{\"bbox\":[1029.7,1057.5,1086.2,1089.4],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\"—%\"},{\"bbox\":[1159.5,1063.9,1214.5,1095.7],\"c0\":5,\"c1\":5,\"r0\":3,\"r1\":3,\"text\":\"N/M\"},{\"bbox\":[174.4,1065.1,425.2,1106.7],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Equity—non-GAAP\"},{\"bbox\":[522.9,1082.6,673.4,1119.2],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"$7,982\"},{\"bbox\":[692.9,1090.8,828.8,1126.7],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"$8,037\"},{\"bbox\":[848.3,1098.5,984.3,1134.4],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"$8,125\"},{\"bbox\":[1020.6,1107.3,1083.5,1139.5],\"c0\":4,\"c1\":4,\"r0\":4,\"r1\":4,\"text\":\" (1)%\"},{\"bbox\":[1148.9,1113.5,1211.9,1145.7],\"c0\":5,\"c1\":5,\"r0\":4,\"r1\":4,\"text\":\"(1)%\"},{\"bbox\":[170.0,1115.1,377.5,1191.8],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Fixed Income— U.S. GAAP2\"},{\"bbox\":[518.5,1170.0,669.1,1206.6],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"$4,928\"},{\"bbox\":[688.5,1178.2,824.5,1214.1],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"$5,117\"},{\"bbox\":[843.9,1185.9,979.9,1221.8],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"$4,758\"},{\"bbox\":[1016.2,1194.7,1079.2,1226.9],\"c0\":4,\"c1\":4,\"r0\":5,\"r1\":5,\"text\":\" (4)%\"},{\"bbox\":[1164.2,1201.8,1207.8,1233.1],\"c0\":5,\"c1\":5,\"r0\":5,\"r1\":5,\"text\":\"8%\"},{\"bbox\":[167.5,1202.5,367.4,1241.5],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Impact ofDVA1\"},{\"bbox\":[636.1,1225.9,666.7,1256.5],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"—\"},{\"bbox\":[791.5,1233.4,822.1,1264.0],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"—\"},{\"bbox\":[917.7,1239.7,987.1,1272.2],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"(455)\"},{\"bbox\":[1020.4,1245.0,1076.9,1276.9],\"c0\":4,\"c1\":4,\"r0\":6,\"r1\":6,\"text\":\" —%\"},{\"bbox\":[1150.3,1251.2,1205.2,1283.0],\"c0\":5,\"c1\":5,\"r0\":6,\"r1\":6,\"text\":\"N/M\"},{\"bbox\":[163.2,1252.4,369.0,1329.1],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Fixedincome—non-GAAP\"},{\"bbox\":[511.7,1307.3,662.2,1343.9],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"$4,928\"},{\"bbox\":[681.7,1315.6,817.7,1351.4],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"$5,117\"},{\"bbox\":[837.1,1323.3,973.1,1359.1],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"$4,303\"},{\"bbox\":[1009.4,1332.0,1072.4,1364.2],\"c0\":4,\"c1\":4,\"r0\":7,\"r1\":7,\"text\":\" (4)%\"},{\"bbox\":[1141.1,1338.3,1200.9,1370.4],\"c0\":5,\"c1\":5,\"r0\":7,\"r1\":7,\"text\":\"19%\"},{\"bbox\":[160.7,1339.8,410.0,1381.3],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Other—U.S. GAAP\"},{\"bbox\":[599.9,1361.8,669.4,1394.3],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"(632)\"},{\"bbox\":[755.4,1369.3,824.9,1401.8],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"(853)\"},{\"bbox\":[910.8,1377.0,980.3,1409.5],\"c0\":3,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"(596)\"},{\"bbox\":[1010.3,1382.1,1070.1,1414.2],\"c0\":4,\"c1\":4,\"r0\":8,\"r1\":8,\"text\":\" 26%\"},{\"bbox\":[1119.1,1387.3,1198.3,1420.3],\"c0\":5,\"c1\":5,\"r0\":8,\"r1\":8,\"text\":\"(43)%\"},{\"bbox\":[158.2,1389.9,407.6,1431.4],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\" Total—U.S. GAAP\"},{\"bbox\":[506.7,1407.2,657.3,1443.8],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"$12,278\"},{\"bbox\":[676.7,1415.4,812.7,1451.3],\"c0\":2,\"c1\":2,\"r0\":9,\"r1\":9,\"text\":\"$12,301\"},{\"bbox\":[832.2,1423.1,968.1,1459.0],\"c0\":3,\"c1\":3,\"r0\":9,\"r1\":9,\"text\":\"$12,450\"},{\"bbox\":[1002.8,1425.7,1067.8,1464.1],\"c0\":4,\"c1\":4,\"r0\":9,\"r1\":9,\"text\":\" —0⁄0\"},{\"bbox\":[1132.9,1438.1,1195.9,1470.3],\"c0\":5,\"c1\":5,\"r0\":9,\"r1\":9,\"text\":\"(1)%\"},{\"bbox\":[155.8,1439.9,455.7,1483.9],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\" Total—Impact of DVA\"},{\"bbox\":[624.3,1463.1,654.9,1493.7],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"—\"},{\"bbox\":[779.8,1470.6,810.4,1501.2],\"c0\":2,\"c1\":2,\"r0\":10,\"r1\":10,\"text\":\"—\"},{\"bbox\":[905.9,1476.9,975.4,1509.4],\"c0\":3,\"c1\":3,\"r0\":10,\"r1\":10,\"text\":\"(618)\"},{\"bbox\":[1008.6,1482.2,1065.2,1514.1],\"c0\":4,\"c1\":4,\"r0\":10,\"r1\":10,\"text\":\" —%\"},{\"bbox\":[1138.5,1488.4,1193.4,1520.2],\"c0\":5,\"c1\":5,\"r0\":10,\"r1\":10,\"text\":\"N/M\"},{\"bbox\":[153.3,1489.8,224.4,1522.4],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\" Total\"},{\"bbox\":[501.8,1507.1,652.3,1543.7],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"$12,278\"},{\"bbox\":[671.8,1515.3,807.7,1551.2],\"c0\":2,\"c1\":2,\"r0\":11,\"r1\":11,\"text\":\"$12,301\"},{\"bbox\":[827.2,1523.0,963.2,1558.9],\"c0\":3,\"c1\":3,\"r0\":11,\"r1\":11,\"text\":\"$11,832\"},{\"bbox\":[997.8,1525.6,1062.9,1564.0],\"c0\":4,\"c1\":4,\"r0\":11,\"r1\":11,\"text\":\" —0⁄0\"},{\"bbox\":[1147.5,1538.9,1191.1,1570.2],\"c0\":5,\"c1\":5,\"r0\":11,\"r1\":11,\"text\":\"4%\"}]},{\"bbox\":[96.8,1949.8,1168.2,2709.4],\"block_orders\":[163,164,165,166,167,168,169,170,171,172,173,174,175,176,177,178,179,180,181,182,183,184,185,186,187,189,192,193,194,195,196,197,198,199,200,201,202,203,204,206,207,208,209,210,211,212,213,214,215,216,217,218,219,220,221,222,223],\"cells\":[{\"bbox\":[808.4,1988.3,884.1,2025.3],\"c0\":1,\"c1\":4,\"r0\":0,\"r1\":0,\"text\":\" 2017\"},{\"bbox\":[126.2,2036.9,279.9,2073.6],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"$ in millions\"},{\"bbox\":[548.5,2054.5,663.1,2093.4],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"Trading\"},{\"bbox\":[734.4,2063.7,822.1,2101.3],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"Fees1\"},{\"bbox\":[874.8,2037.4,1000.9,2110.1],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"Net Interest 2\"},{\"bbox\":[1057.7,2079.7,1133.4,2116.7],\"c0\":4,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\"Total\"},{\"bbox\":[123.5,2085.5,269.5,2126.0],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Financing\"},{\"bbox\":[518.2,2105.4,688.3,2147.1],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"$4,140\"},{\"bbox\":[707.4,2114.7,844.1,2154.8],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"$363\"},{\"bbox\":[863.2,2122.5,1016.7,2163.3],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"$(762)\"},{\"bbox\":[1024.7,2130.5,1161.5,2170.5],\"c0\":4,\"c1\":4,\"r0\":2,\"r1\":2,\"text\":\"$3,741\"},{\"bbox\":[120.9,2137.6,400.2,2184.7],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Execution services\"},{\"bbox\":[600.8,2161.6,685.8,2199.1],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"2,294\"},{\"bbox\":[756.6,2169.3,841.6,2206.8],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"2,191\"},{\"bbox\":[934.8,2178.2,1014.2,2215.3],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"(244)\"},{\"bbox\":[1074.0,2185.1,1158.9,2222.5],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\"4,241\"},{\"bbox\":[118.4,2189.8,310.4,2232.6],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\" Total Equity\"},{\"bbox\":[513.1,2209.4,683.2,2251.1],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"$6,434\"},{\"bbox\":[702.2,2218.8,839.0,2258.8],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"$2,554\"},{\"bbox\":[858.1,2226.5,1011.7,2267.4],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"$(1,006)\"},{\"bbox\":[1019.6,2234.5,1156.4,2274.5],\"c0\":4,\"c1\":4,\"r0\":4,\"r1\":4,\"text\":\"$7,982\"},{\"bbox\":[115.8,2241.9,418.8,2290.1],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\" Total Fixed income\"},{\"bbox\":[510.5,2261.4,680.6,2303.1],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"$4,453\"},{\"bbox\":[699.6,2270.8,836.4,2310.8],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"$238\"},{\"bbox\":[855.5,2278.5,997.8,2318.8],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"$237\"},{\"bbox\":[1017.0,2286.5,1153.8,2326.6],\"c0\":4,\"c1\":4,\"r0\":5,\"r1\":5,\"text\":\"$4,928\"},{\"bbox\":[789.8,2362.6,865.6,2399.6],\"c0\":1,\"c1\":4,\"r0\":6,\"r1\":6,\"text\":\"2016\"},{\"bbox\":[107.6,2411.4,261.3,2448.1],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"$ in millions\"},{\"bbox\":[530.0,2429.0,644.5,2467.9],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"Trading\"},{\"bbox\":[715.8,2438.2,803.6,2475.8],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"Fees1\"},{\"bbox\":[856.2,2411.9,982.3,2484.6],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"Net Interest 2\"},{\"bbox\":[1039.1,2454.3,1114.8,2491.3],\"c0\":4,\"c1\":4,\"r0\":7,\"r1\":7,\"text\":\"Total\"},{\"bbox\":[105.0,2460.1,251.0,2500.6],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Financing\"},{\"bbox\":[499.7,2479.7,669.8,2521.3],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"$3,668\"},{\"bbox\":[688.8,2489.0,825.6,2529.1],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"$347\"},{\"bbox\":[844.7,2496.8,998.2,2537.6],\"c0\":3,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"$(283)\"},{\"bbox\":[1006.2,2504.8,1143.0,2544.8],\"c0\":4,\"c1\":4,\"r0\":8,\"r1\":8,\"text\":\"$3,732\"},{\"bbox\":[102.4,2512.1,381.6,2559.2],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Execution services\"},{\"bbox\":[582.2,2535.9,667.2,2573.4],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"2,231\"},{\"bbox\":[738.1,2543.6,823.1,2581.1],\"c0\":2,\"c1\":2,\"r0\":9,\"r1\":9,\"text\":\"2,241\"},{\"bbox\":[916.2,2552.5,995.6,2589.6],\"c0\":3,\"c1\":3,\"r0\":9,\"r1\":9,\"text\":\"(167)\"},{\"bbox\":[1055.4,2559.4,1140.4,2596.8],\"c0\":4,\"c1\":4,\"r0\":9,\"r1\":9,\"text\":\"4,305\"},{\"bbox\":[99.8,2564.4,291.9,2607.2],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\" Total Equity\"},{\"bbox\":[494.5,2583.7,664.6,2625.4],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"$5,899\"},{\"bbox\":[683.7,2593.1,820.5,2633.1],\"c0\":2,\"c1\":2,\"r0\":10,\"r1\":10,\"text\":\"$2,588\"},{\"bbox\":[839.5,2600.8,993.0,2641.7],\"c0\":3,\"c1\":3,\"r0\":10,\"r1\":10,\"text\":\"$(450)\"},{\"bbox\":[1001.0,2608.8,1137.8,2648.8],\"c0\":4,\"c1\":4,\"r0\":10,\"r1\":10,\"text\":\"$8,037\"},{\"bbox\":[96.8,2624.7,399.8,2673.0],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\" Total Fixed income\"},{\"bbox\":[491.5,2644.0,661.6,2685.7],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"$4,115\"},{\"bbox\":[680.7,2653.4,817.4,2693.4],\"c0\":2,\"c1\":2,\"r0\":11,\"r1\":11,\"text\":\"$162\"},{\"bbox\":[836.5,2661.1,978.9,2701.4],\"c0\":3,\"c1\":3,\"r0\":11,\"r1\":11,\"text\":\"$840\"},{\"bbox\":[998.0,2669.1,1134.8,2709.2],\"c0\":4,\"c1\":4,\"r0\":11,\"r1\":11,\"text\":\"$5,117\"}]},{\"bbox\":[1329.1,244.0,2391.7,826.4],\"block_orders\":[1,7,38,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127,128,129,130,131,132,133,134,135,136,137,138,139,140,141,142,146,147,148,149,152,153,157,158],\"cells\":[{\"bbox\":[2040.8,282.4,2116.5,319.4],\"c0\":1,\"c1\":4,\"r0\":0,\"r1\":0,\"text\":\"2015\"},{\"bbox\":[1349.7,330.8,1503.4,367.5],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"$ in millions\"},{\"bbox\":[1789.9,349.3,1904.4,388.2],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"Trading\"},{\"bbox\":[1975.7,358.5,2063.5,396.1],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"Fees1\"},{\"bbox\":[2107.2,331.7,2233.3,404.4],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"Net Interest 2\"},{\"bbox\":[2281.2,373.6,2356.9,410.6],\"c0\":4,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\"Total\"},{\"bbox\":[1347.0,379.5,1493.1,419.9],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Financing\"},{\"bbox\":[1759.7,399.9,1929.7,441.6],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"$3,300\"},{\"bbox\":[1948.8,409.3,2085.5,449.3],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"$322\"},{\"bbox\":[2104.6,417.0,2229.1,456.4],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"$126\"},{\"bbox\":[2248.2,424.1,2385.0,464.2],\"c0\":4,\"c1\":4,\"r0\":2,\"r1\":2,\"text\":\"$3,748\"},{\"bbox\":[1344.5,431.5,1623.6,478.6],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Execution services\"},{\"bbox\":[1842.2,456.1,1927.1,493.6],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"2,210\"},{\"bbox\":[1998.0,463.9,2083.0,501.3],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"2,437\"},{\"bbox\":[2158.2,471.8,2237.6,509.0],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"(270)\"},{\"bbox\":[2297.5,478.7,2382.4,516.2],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\"4,377\"},{\"bbox\":[1341.9,483.5,1569.9,528.0],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Impact ofDVA3\"},{\"bbox\":[1867.3,509.5,1924.5,545.6],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"163\"},{\"bbox\":[2045.4,518.4,2080.3,553.3],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"—\"},{\"bbox\":[2188.9,525.5,2223.9,560.5],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"—\"},{\"bbox\":[2322.5,532.1,2379.8,568.2],\"c0\":4,\"c1\":4,\"r0\":4,\"r1\":4,\"text\":\"163\"},{\"bbox\":[1339.2,535.8,1531.3,578.5],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\" Total Equity\"},{\"bbox\":[1751.9,556.0,1922.0,597.6],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"$5,673\"},{\"bbox\":[1941.0,565.3,2077.8,605.4],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"$2,759\"},{\"bbox\":[2096.9,573.1,2232.5,613.0],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"$(144)\"},{\"bbox\":[2240.4,580.2,2377.3,620.2],\"c0\":4,\"c1\":4,\"r0\":5,\"r1\":5,\"text\":\"$8,288\"},{\"bbox\":[1334.2,637.5,1535.8,680.7],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Fixed Income\"},{\"bbox\":[1746.9,657.9,1916.9,699.6],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"$3,333\"},{\"bbox\":[1936.0,667.3,2072.7,707.3],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"$139\"},{\"bbox\":[2091.9,675.0,2216.3,714.4],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"$831\"},{\"bbox\":[2235.4,682.1,2372.2,722.2],\"c0\":4,\"c1\":4,\"r0\":6,\"r1\":6,\"text\":\"$4,303\"},{\"bbox\":[1331.6,689.5,1559.7,734.0],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Impact ofDVA3\"},{\"bbox\":[1857.1,715.5,1914.3,751.6],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"455\"},{\"bbox\":[2035.2,724.4,2070.1,759.3],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"—\"},{\"bbox\":[2178.7,731.5,2213.7,766.5],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"—\"},{\"bbox\":[2312.3,738.1,2369.5,774.2],\"c0\":4,\"c1\":4,\"r0\":7,\"r1\":7,\"text\":\"455\"},{\"bbox\":[1329.0,741.8,1632.1,790.0],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\" Total Fixed income\"},{\"bbox\":[1741.7,762.0,1911.8,803.6],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"$3,788\"},{\"bbox\":[1930.8,771.3,2067.5,811.4],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"$139\"},{\"bbox\":[2086.7,779.1,2211.1,818.5],\"c0\":3,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"$831\"},{\"bbox\":[2230.3,786.2,2367.0,826.2],\"c0\":4,\"c1\":4,\"r0\":8,\"r1\":8,\"text\":\"$4,758\"}]}],\"text\":\"Management’s Discussion and Analysis\\n\\n2015\\n\\nSales and Trading Net Revenues\\n\\n2017\\n\\n$ in millions\\n\\nTrading\\n\\n$\\n\\nFinancing\\n\\n2016\\n\\n2015\\n\\n9,387 $\\n\\n9,400\\n\\n10%\\n\\n— 0 ⁄ 0\\n\\n(6)%\\n\\n2,433\\n\\n2,456\\n\\n2,616\\n\\n(1)%\\n\\nAsset management\\n\\n359\\n\\n293\\n\\n281\\n\\n23%\\n\\n4%\\n\\nNet interest\\n\\n(809)\\n\\n165\\n\\n153\\n\\nN/M\\n\\n8%\\n\\n12,278 $\\n\\n12,301 $\\n\\n12,450\\n\\nN/M\\n\\n(1)%\\n\\nTotal\\n\\n$\\n\\nImpact of DVA 3\\n\\n2017\\n\\n$\\n\\nImpact of DVA 1\\n\\n2017\\n\\n2016\\n\\n7,982 $\\n\\n2016\\n\\n8,037 $\\n\\n2015\\n\\n8,288\\n\\n(1)%\\n\\n(3)%\\n\\n—\\n\\n—\\n\\n(163)\\n\\n—%\\n\\nN/M\\n\\n(1)%\\n\\nEquity—non-GAAP\\n\\n$\\n\\n7,982 $\\n\\n8,037 $\\n\\n8,125\\n\\n(1)%\\n\\nFixed Income—\\nU.S. GAAP 2\\n\\n$\\n\\n4,928 $\\n\\n5,117 $\\n\\n4,758\\n\\n(4)%\\n\\n8%\\n\\n—\\n\\n—\\n\\n(455)\\n\\n—%\\n\\nN/M\\n\\n4,928 $\\n\\n5,117 $\\n\\n4,303\\n\\n(4)%\\n\\n19%\\n\\n(632)\\n\\n(853)\\n\\n(596)\\n\\n26%\\n\\n(43)%\\n\\n12,278 $\\n\\n12,301 $\\n\\n12,450\\n\\n— 0 ⁄ 0\\n\\n(1)%\\n\\n—\\n\\n—\\n\\n(618)\\n\\n—%\\n\\nN/M\\n\\n12,278 $\\n\\n12,301 $\\n\\n11,832\\n\\n— 0 ⁄ 0\\n\\n4%\\n\\nImpact of DVA 1\\n\\nFixed income—\\nnon-GAAP\\n\\n$\\n\\nOther—U.S. GAAP\\n\\nTotal—U.S. GAAP\\n\\n$\\n\\nTotal—Impact of DVA\\n\\nTotal\\n\\n$\\n\\nNet\\nInterest 2\\n\\n322 $\\n\\nTotal\\n\\n126 $\\n\\n3,748\\n\\n4,377\\n\\n2,210\\n\\n2,437\\n\\n(270)\\n\\n163\\n\\n—\\n\\n—\\n\\n163\\n\\n$\\n\\n5,673 $\\n\\n2,759 $\\n\\n(144) $\\n\\n8,288\\n\\nFixed Income\\n\\n$\\n\\n3,333 $\\n\\n139 $\\n\\n831 $\\n\\n4,303\\n\\n455\\n\\n—\\n\\n—\\n\\n455\\n\\n3,788 $\\n\\n139 $\\n\\n831 $\\n\\n4,758\\n\\nTotal Fixed income\\n\\n$\\n\\n1. Includes Commissions and fees and Asset management revenues.\\n2. Funding costs are allocated to the businesses based on funding usage\\nand are included in Net interest.\\n3. In 2017 and 2016, in accordance with the early adoption of a provision\\nof the accounting update Recognition and Measurement of Financial\\nAssets and Financial Liabilities, unrealized DVA gains (losses) are\\nrecorded within OCI in the comprehensive income statements. In 2015,\\nthe DVA gains (losses) were recorded within Trading revenues in the\\nincome statements. For further information, see “Selected Non-GAAP\\nFinancial Information” herein and Note 15 to the financial statements.\\n\\n% Change\\n\\n$ in millions\\n\\n3,300 $\\n\\nFees 1\\n\\nTotal Equity\\n\\nImpact of DVA 3\\n\\nBy Business\\n\\nEquity—U.S. GAAP\\n\\n$\\n\\nExecution services\\n\\n% Change\\n2017\\n2016\\n\\n10,295 $\\n\\nCommissions and fees\\n\\nTrading\\n\\n$ in millions\\n\\nBy Income Statement Line Item\\n\\nAs discussed in “Net Revenues by Segment” herein, we\\nmanage each of the sales and trading businesses based on its\\naggregate net revenues, which are comprised of the income\\nstatement line items quantified in the previous table. Trading\\nrevenues are affected by a variety of market dynamics,\\nincluding volumes, bid-offer spreads and inventory prices, as\\nwell as impacts from hedging activity, which are interrelated.\\nWe provide qualitative commentary in the discussion of\\nresults that follow on the key drivers of period-over-period\\nvariances, as the quantitative impact of the various market\\ndynamics typically cannot be disaggregated.\\n\\n1. In 2017 and 2016, in accordance with the early adoption of a provision\\nof the accounting update Recognition and Measurement of Financial\\nAssets and Financial Liabilities, unrealized DVA gains (losses) are\\nrecorded within OCI in the comprehensive income statements. In 2015,\\nthe DVA gains (losses) were recorded within Trading revenues in the\\nincome statements. For further information, see “Selected Non-GAAP\\nFinancial Information” herein and Note 15 to the financial statements.\\n2. Effective in 2016, the Institutional Securities “Fixed Income and\\nCommodities” business has been renamed the “Fixed Income” business.\\n\\nFor additional information on total Trading revenues, see the\\ntable “Trading Revenues by Product Type” in Note 4 to the\\nfinancial statements.\\n\\n2017\\n\\nTrading\\n\\n$ in millions\\n\\nFinancing\\n\\n$\\n\\nExecution services\\n\\n4,140 $\\n\\nFees 1\\n\\nNet\\nInterest 2\\n\\n363 $\\n\\n(762) $\\n\\n3,741\\n\\n(244)\\n\\n4,241\\n\\n2,294\\n\\n2,191\\n\\n2,554 $ (1,006) $\\n\\nTotal Equity\\n\\n$\\n\\n6,434 $\\n\\nTotal Fixed income\\n\\n$\\n\\n4,453 $\\n\\n238 $\\n\\n237 $\\n\\n2017 Compared with 2016\\n\\nTotal\\n\\nEquity\\n\\nEquity sales and trading net revenues of $7,982 million in\\n2017 decreased 1% from 2016, reflecting lower results in\\nexecution services.\\n\\n7,982\\n\\n4,928\\n\\n2016\\n\\nTrading\\n\\n$ in millions\\n\\nFinancing\\n\\n$\\n\\nExecution services\\n\\n3,668 $\\n\\nFees 1\\n\\nNet\\nInterest 2\\n\\n347 $\\n\\n(283) $\\n\\n• Financing revenues remained relatively unchanged from\\n2016. The results reflected higher client activity in equity\\nswaps reflected in Trading revenues, offset by a decline in\\nNet interest revenues from higher net interest costs,\\nreflecting the business’ increased portion of GLR require-\\nments and a shift in the mix of financing transactions.\\n\\nTotal\\n\\n3,732\\n\\n2,231\\n\\n2,241\\n\\n(167)\\n\\n4,305\\n\\nTotal Equity\\n\\n$\\n\\n5,899 $\\n\\n2,588 $\\n\\n(450) $\\n\\n8,037\\n\\nTotal Fixed income\\n\\n$\\n\\n4,115 $\\n\\n162 $\\n\\n840 $\\n\\n5,117\\n\\n43\\n\\nDecember 2017 Form 10-K\"},\"name\":\"fintabnet.MS_2017_page_48__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":567026,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:MS_2017\",\"dpi\":300,\"gt_sha256\":\"d4d3200cc02dd49f5db5f2b7095f24c6d8fd9e56d15bb9e6a4b995d5ee7347ac\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.MS_2017_page_48__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.MS_2017_page_48\",\"pdf_sha256\":\"5d9910094edf41e6717cd498c2b28e26bd4b502216cf53c7590b7974bddaf2b1\",\"px\":[2475,3225],\"scan\":{\"render\":\"ffe0fffffffffffffffeff7e7f7e7efe7e7e4078400040004000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"MS_2017_page_48\",\"src\":{\"file_sha256\":\"ed0fedd7c7f9b93dc07c259ef905908c369dd9a8dc71e15aea477697864e4adf\",\"render\":\"0000701e5ffe7efe427e7f7e7f7e7ffe7ffe7e604f007f407f7e6e0000000000\",\"text\":\"6e04b3d11a481e3530b6cb8f53a777cce74ac1b77de150d396d9a9abe7c8f984\"},\"stack\":[{\"deg\":-2.838,\"op\":\"skew\"},{\"amp\":0.309,\"angle\":236.7,\"blob\":0.325,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.623},{\"op\":\"noise\",\"sigma\":11.568},{\"gain\":0.632,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":50}],\"tools\":\"21647cade0ee\"},\"sha256\":\"5d9910094edf41e6717cd498c2b28e26bd4b502216cf53c7590b7974bddaf2b1\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/5d9910094edf41e6717cd498c2b28e26bd4b502216cf53c7590b7974bddaf2b1.pdf","asset_sha256":"5d9910094edf41e6717cd498c2b28e26bd4b502216cf53c7590b7974bddaf2b1","document_id":"fintabnet:MS_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"MS_2017_page_48\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NBL_2007_page_20\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NBL_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[179.2,129.7,725.6,176.9],\"lines\":[{\"bbox\":[179.2,129.7,725.6,176.9],\"text\":\"Proved reserves estimates at December 31, 2007 were as follows:\"}],\"order\":0,\"text\":\"Proved reserves estimates at December 31, 2007 were as follows:\"},{\"bbox\":[733.2,212.3,826.4,291.3],\"lines\":[{\"bbox\":[751.0,213.0,811.1,238.5],\"text\":\"Proved\"},{\"bbox\":[734.3,238.0,825.3,264.9],\"text\":\"Developed\"},{\"bbox\":[740.9,264.7,816.7,290.9],\"text\":\"Reserves\"}],\"order\":1,\"text\":\"Proved\\nDeveloped\\nReserves\"},{\"bbox\":[165.3,266.6,423.8,582.7],\"lines\":[{\"bbox\":[177.9,266.7,297.3,294.8],\"text\":\"United States\"},{\"bbox\":[187.3,292.6,332.3,321.9],\"text\":\"Natural gas (Bcf)\"},{\"bbox\":[186.1,318.3,359.2,348.8],\"text\":\"Crude oil (MMBbls)\"},{\"bbox\":[174.5,343.4,341.1,373.7],\"text\":\"Total US (MMBoe)\"},{\"bbox\":[173.3,369.4,292.1,397.5],\"text\":\"International\"},{\"bbox\":[182.7,395.3,327.7,424.6],\"text\":\"Natural gas (Bcf)\"},{\"bbox\":[181.5,421.1,354.6,451.6],\"text\":\"Crude oil (MMBbls)\"},{\"bbox\":[169.9,446.2,415.9,479.9],\"text\":\"Total International (MMBoe)\"},{\"bbox\":[168.7,472.2,269.0,499.5],\"text\":\"Worldwide\"},{\"bbox\":[178.1,498.1,323.1,527.4],\"text\":\"Natural gas (Bcf)\"},{\"bbox\":[176.9,523.8,350.0,554.3],\"text\":\"Crude oil (MMBbls)\"},{\"bbox\":[165.3,548.9,398.8,582.1],\"text\":\"Total Worldwide (MMBoe)\"}],\"order\":2,\"text\":\"United States\\nNatural gas (Bcf)\\nCrude oil (MMBbls)\\nTotal US (MMBoe)\\nInternational\\nNatural gas (Bcf)\\nCrude oil (MMBbls)\\nTotal International (MMBoe)\\nWorldwide\\nNatural gas (Bcf)\\nCrude oil (MMBbls)\\nTotal Worldwide (MMBoe)\"},{\"bbox\":[860.4,195.2,1028.4,300.1],\"lines\":[{\"bbox\":[863.7,195.2,1028.4,225.3],\"text\":\"December 31, 2007\"},{\"bbox\":[905.2,219.8,965.3,245.3],\"text\":\"Proved\"},{\"bbox\":[878.0,244.4,989.6,272.2],\"text\":\"Undeveloped\"},{\"bbox\":[895.2,271.5,970.8,297.8],\"text\":\"Reserves\"}],\"order\":3,\"text\":\"December 31, 2007\\nProved\\nUndeveloped\\nReserves\"},{\"bbox\":[1049.4,226.3,1127.3,304.6],\"lines\":[{\"bbox\":[1066.9,226.9,1112.1,251.8],\"text\":\"Total\"},{\"bbox\":[1058.2,252.3,1118.2,277.8],\"text\":\"Proved\"},{\"bbox\":[1049.4,278.3,1125.0,304.6],\"text\":\"Reserves\"}],\"order\":4,\"text\":\"Total\\nProved\\nReserves\"},{\"bbox\":[782.2,318.9,832.5,395.3],\"lines\":[{\"bbox\":[784.4,318.9,832.5,343.9],\"text\":\"1,259\"},{\"bbox\":[798.9,345.4,831.2,369.7],\"text\":\"129\"},{\"bbox\":[797.7,370.9,830.0,395.2],\"text\":\"339\"}],\"order\":5,\"text\":\"1,259\\n129\\n339\"},{\"bbox\":[951.9,326.4,986.5,402.1],\"lines\":[{\"bbox\":[954.3,326.4,986.5,350.7],\"text\":\"581\"},{\"bbox\":[963.5,352.6,985.3,376.5],\"text\":\"78\"},{\"bbox\":[951.9,377.8,984.2,402.0],\"text\":\"175\"}],\"order\":6,\"text\":\"581\\n78\\n175\"},{\"bbox\":[1090.4,332.6,1140.6,408.9],\"lines\":[{\"bbox\":[1092.6,332.6,1140.6,357.5],\"text\":\"1,840\"},{\"bbox\":[1107.2,359.0,1139.4,383.3],\"text\":\"207\"},{\"bbox\":[1106.0,384.6,1138.3,408.9],\"text\":\"514\"}],\"order\":7,\"text\":\"1,840\\n207\\n514\"},{\"bbox\":[777.6,421.7,827.9,498.0],\"lines\":[{\"bbox\":[779.8,421.7,827.9,446.7],\"text\":\"1,297\"},{\"bbox\":[794.3,448.1,826.6,472.4],\"text\":\"100\"},{\"bbox\":[793.2,473.7,825.6,498.0],\"text\":\"316\"}],\"order\":8,\"text\":\"1,297\\n100\\n316\"},{\"bbox\":[947.4,429.2,981.9,504.8],\"lines\":[{\"bbox\":[949.7,429.2,981.9,453.5],\"text\":\"170\"},{\"bbox\":[958.9,455.4,980.7,479.2],\"text\":\"22\"},{\"bbox\":[957.7,481.0,979.5,504.8],\"text\":\"50\"}],\"order\":9,\"text\":\"170\\n22\\n50\"},{\"bbox\":[1085.8,435.3,1136.0,511.6],\"lines\":[{\"bbox\":[1088.0,435.3,1136.0,460.3],\"text\":\"1,467\"},{\"bbox\":[1102.6,461.7,1134.8,486.0],\"text\":\"122\"},{\"bbox\":[1101.5,487.3,1133.7,511.6],\"text\":\"366\"}],\"order\":10,\"text\":\"1,467\\n122\\n366\"},{\"bbox\":[773.0,524.5,823.3,600.8],\"lines\":[{\"bbox\":[775.2,524.5,823.3,549.5],\"text\":\"2,556\"},{\"bbox\":[789.7,550.9,822.0,575.2],\"text\":\"229\"},{\"bbox\":[788.6,576.5,820.9,600.8],\"text\":\"655\"}],\"order\":11,\"text\":\"2,556\\n229\\n655\"},{\"bbox\":[942.8,532.0,977.3,607.6],\"lines\":[{\"bbox\":[945.1,532.0,977.3,556.3],\"text\":\"751\"},{\"bbox\":[943.9,557.7,976.1,582.0],\"text\":\"100\"},{\"bbox\":[942.8,583.3,975.0,607.6],\"text\":\"225\"}],\"order\":12,\"text\":\"751\\n100\\n225\"},{\"bbox\":[1081.2,538.1,1131.4,614.4],\"lines\":[{\"bbox\":[1083.4,538.1,1131.4,563.1],\"text\":\"3,307\"},{\"bbox\":[1098.0,564.5,1130.2,588.8],\"text\":\"329\"},{\"bbox\":[1096.8,590.1,1129.1,614.4],\"text\":\"880\"}],\"order\":13,\"text\":\"3,307\\n329\\n880\"},{\"bbox\":[148.4,611.3,1133.3,892.8],\"lines\":[{\"bbox\":[157.9,611.3,1133.1,677.4],\"text\":\"Proved oil and gas reserves are the estimated quantities of crude oil, natural gas and natural gas liquids which\"},{\"bbox\":[156.9,635.2,1132.1,701.3],\"text\":\"geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known\"},{\"bbox\":[155.8,659.2,1131.0,725.3],\"text\":\"reservoirs under existing economic and operating conditions, i.e., prices and costs as of the date the estimate is\"},{\"bbox\":[154.8,683.1,1130.1,749.3],\"text\":\"made. Prices include consideration of changes in existing prices provided only by contractual arrangements, but not\"},{\"bbox\":[153.7,707.0,1128.7,773.1],\"text\":\"on escalations based upon future conditions. For additional information regarding estimates of crude oil and natural\"},{\"bbox\":[152.7,731.0,1127.9,797.1],\"text\":\"gas reserves, including estimates of proved and proved developed reserves, the standardized measure of discounted\"},{\"bbox\":[151.6,755.0,1126.7,821.1],\"text\":\"future net cash flows, and the changes in discounted future net cash flows, see Item 8. Financial Statements and\"},{\"bbox\":[150.5,778.8,1125.9,844.9],\"text\":\"Supplementary Data—Supplemental Oil and Gas Information (Unaudited) and Item 7. Management’s Discussion\"},{\"bbox\":[149.5,802.8,1124.5,868.9],\"text\":\"and Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates—\"},{\"bbox\":[148.4,826.7,230.0,853.3],\"text\":\"Reserves.\"}],\"order\":14,\"text\":\"Proved oil and gas reserves are the estimated quantities of crude oil, natural gas and natural gas liquids which\\ngeological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known\\nreservoirs under existing economic and operating conditions, i.e., prices and costs as of the date the estimate is\\nmade. Prices include consideration of changes in existing prices provided only by contractual arrangements, but not\\non escalations based upon future conditions. For additional information regarding estimates of crude oil and natural\\ngas reserves, including estimates of proved and proved developed reserves, the standardized measure of discounted\\nfuture net cash flows, and the changes in discounted future net cash flows, see Item 8. Financial Statements and\\nSupplementary Data—Supplemental Oil and Gas Information (Unaudited) and Item 7. Management’s Discussion\\nand Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates—\\nReserves.\"},{\"bbox\":[138.4,863.1,1122.4,1120.7],\"lines\":[{\"bbox\":[146.8,863.1,1122.0,929.2],\"text\":\"Engineers in our Houston, Denver and London offices prepare all reserve estimates for our different geographical\"},{\"bbox\":[145.8,887.1,1121.3,953.2],\"text\":\"regions. These reserve estimates are reviewed and approved by senior engineering staff and division management\"},{\"bbox\":[144.7,911.0,1119.8,977.1],\"text\":\"with final approval by the Director of Asset Development and certain members of senior management. During each\"},{\"bbox\":[143.7,934.9,1118.9,1001.0],\"text\":\"of the years 2007, 2006 and 2005, we retained Netherland, Sewell & Associates, Inc. (“NSAI”), independent third-\"},{\"bbox\":[142.6,958.9,1117.6,1025.0],\"text\":\"party reserve engineers, to perform reserve audits of proved reserves. A “reserve audit”, as we use the term, is a\"},{\"bbox\":[141.5,982.8,1117.0,1048.9],\"text\":\"process involving an independent third-party engineering firm’s visits, collection of any and all required geologic,\"},{\"bbox\":[140.5,1006.8,1115.4,1072.9],\"text\":\"geophysical, engineering and economic data, and such firm’s complete external preparation of reserve estimates.\"},{\"bbox\":[139.4,1030.8,1114.5,1096.8],\"text\":\"Our use of the term “reserve audit” is intended only to refer to the collective application of the procedures which\"},{\"bbox\":[138.4,1054.6,1089.3,1119.6],\"text\":\"NSAI was engaged to perform. The term “reserve audit” may be defined and used differently by other companies.\"}],\"order\":15,\"text\":\"Engineers in our Houston, Denver and London offices prepare all reserve estimates for our different geographical\\nregions. These reserve estimates are reviewed and approved by senior engineering staff and division management\\nwith final approval by the Director of Asset Development and certain members of senior management. During each\\nof the years 2007, 2006 and 2005, we retained Netherland, Sewell & Associates, Inc. (“NSAI”), independent third-\\nparty reserve engineers, to perform reserve audits of proved reserves. A “reserve audit”, as we use the term, is a\\nprocess involving an independent third-party engineering firm’s visits, collection of any and all required geologic,\\ngeophysical, engineering and economic data, and such firm’s complete external preparation of reserve estimates.\\nOur use of the term “reserve audit” is intended only to refer to the collective application of the procedures which\\nNSAI was engaged to perform. The term “reserve audit” may be defined and used differently by other companies.\"},{\"bbox\":[131.5,1091.1,1112.1,1276.8],\"lines\":[{\"bbox\":[136.8,1091.1,1112.1,1157.2],\"text\":\"The reserve audit for 2007 included a detailed review of 16 of our major international, deepwater Gulf of Mexico\"},{\"bbox\":[135.7,1115.0,1111.0,1181.1],\"text\":\"and US fields, which covered approximately 71% of US proved reserves and 96% of international proved reserves\"},{\"bbox\":[134.7,1138.9,1109.8,1205.0],\"text\":\"(81% of total proved reserves). The reserve audit for 2006 included a detailed review of 14 of our major\"},{\"bbox\":[133.6,1162.9,1108.7,1229.0],\"text\":\"international, deepwater Gulf of Mexico and US fields, which covered approximately 80% of our total proved\"},{\"bbox\":[132.5,1186.9,1107.8,1253.0],\"text\":\"reserves. The reserve audit for 2005 included a detailed review of 11 of our major international, deepwater Gulf of\"},{\"bbox\":[131.5,1210.7,854.9,1265.7],\"text\":\"Mexico and US fields, which covered approximately 72% of our total proved reserves.\"}],\"order\":16,\"text\":\"The reserve audit for 2007 included a detailed review of 16 of our major international, deepwater Gulf of Mexico\\nand US fields, which covered approximately 71% of US proved reserves and 96% of international proved reserves\\n(81% of total proved reserves). The reserve audit for 2006 included a detailed review of 14 of our major\\ninternational, deepwater Gulf of Mexico and US fields, which covered approximately 80% of our total proved\\nreserves. The reserve audit for 2005 included a detailed review of 11 of our major international, deepwater Gulf of\\nMexico and US fields, which covered approximately 72% of our total proved reserves.\"},{\"bbox\":[121.4,1247.2,1105.4,1504.8],\"lines\":[{\"bbox\":[129.9,1247.2,1105.2,1313.3],\"text\":\"In connection with the 2007 reserve audit, NSAI prepared its own estimates of our proved reserves. In order to\"},{\"bbox\":[128.8,1271.2,1104.0,1337.3],\"text\":\"prepare its estimates of proved reserves, NSAI examined our estimates with respect to reserve quantities, future\"},{\"bbox\":[127.8,1295.0,1102.8,1361.1],\"text\":\"producing rates, future net revenue, and the present value of such future net revenue. NSAI also examined our\"},{\"bbox\":[126.7,1319.0,1101.9,1385.1],\"text\":\"estimates with respect to reserve categorization, using the definitions for proved reserves set forth in Regulation S-X\"},{\"bbox\":[125.6,1342.9,1100.9,1409.0],\"text\":\"Rule 4-10(a) and subsequent Securities and Exchange Commission (“SEC”) staff interpretations and guidance. In\"},{\"bbox\":[124.6,1366.8,1099.8,1432.9],\"text\":\"the conduct of the reserve audit, NSAI did not independently verify the accuracy and completeness of information\"},{\"bbox\":[123.5,1390.8,1099.0,1456.9],\"text\":\"and data furnished by us with respect to ownership interests, oil and gas production, well test data, historical costs of\"},{\"bbox\":[122.5,1414.7,1097.5,1480.8],\"text\":\"operation and development, product prices, or any agreements relating to current and future operations of the fields\"},{\"bbox\":[121.4,1438.7,1096.7,1504.8],\"text\":\"and sales of production. However, if in the course of the examination something came to the attention of NSAI\"}],\"order\":17,\"text\":\"In connection with the 2007 reserve audit, NSAI prepared its own estimates of our proved reserves. In order to\\nprepare its estimates of proved reserves, NSAI examined our estimates with respect to reserve quantities, future\\nproducing rates, future net revenue, and the present value of such future net revenue. NSAI also examined our\\nestimates with respect to reserve categorization, using the definitions for proved reserves set forth in Regulation S-X\\nRule 4-10(a) and subsequent Securities and Exchange Commission (“SEC”) staff interpretations and guidance. In\\nthe conduct of the reserve audit, NSAI did not independently verify the accuracy and completeness of information\\nand data furnished by us with respect to ownership interests, oil and gas production, well test data, historical costs of\\noperation and development, product prices, or any agreements relating to current and future operations of the fields\\nand sales of production. However, if in the course of the examination something came to the attention of NSAI\"},{\"bbox\":[598.1,1575.6,609.5,1599.1],\"lines\":[{\"bbox\":[598.1,1575.6,609.5,1599.1],\"text\":\"2\"}],\"order\":18,\"text\":\"2\"}],\"doc\":\"fintabnet:NBL_2007\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Proved reserves estimates at December 31, 2007 were as follows:\\n\\nProved\\nDeveloped\\nReserves\\n\\nUnited States\\nNatural gas (Bcf)\\nCrude oil (MMBbls)\\nTotal US (MMBoe)\\nInternational\\nNatural gas (Bcf)\\nCrude oil (MMBbls)\\nTotal International (MMBoe)\\nWorldwide\\nNatural gas (Bcf)\\nCrude oil (MMBbls)\\nTotal Worldwide (MMBoe)\\n\\nDecember 31, 2007\\nProved\\nUndeveloped\\nReserves\\n\\nTotal\\nProved\\nReserves\\n\\n1,259\\n129\\n339\\n\\n581\\n78\\n175\\n\\n1,840\\n207\\n514\\n\\n1,297\\n100\\n316\\n\\n170\\n22\\n50\\n\\n1,467\\n122\\n366\\n\\n2,556\\n229\\n655\\n\\n751\\n100\\n225\\n\\n3,307\\n329\\n880\\n\\nProved oil and gas reserves are the estimated quantities of crude oil, natural gas and natural gas liquids which\\ngeological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known\\nreservoirs under existing economic and operating conditions, i.e., prices and costs as of the date the estimate is\\nmade. Prices include consideration of changes in existing prices provided only by contractual arrangements, but not\\non escalations based upon future conditions. For additional information regarding estimates of crude oil and natural\\ngas reserves, including estimates of proved and proved developed reserves, the standardized measure of discounted\\nfuture net cash flows, and the changes in discounted future net cash flows, see Item 8. Financial Statements and\\nSupplementary Data—Supplemental Oil and Gas Information (Unaudited) and Item 7. Management’s Discussion\\nand Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates—\\nReserves.\\n\\nEngineers in our Houston, Denver and London offices prepare all reserve estimates for our different geographical\\nregions. These reserve estimates are reviewed and approved by senior engineering staff and division management\\nwith final approval by the Director of Asset Development and certain members of senior management. During each\\nof the years 2007, 2006 and 2005, we retained Netherland, Sewell & Associates, Inc. (“NSAI”), independent third-\\nparty reserve engineers, to perform reserve audits of proved reserves. A “reserve audit”, as we use the term, is a\\nprocess involving an independent third-party engineering firm’s visits, collection of any and all required geologic,\\ngeophysical, engineering and economic data, and such firm’s complete external preparation of reserve estimates.\\nOur use of the term “reserve audit” is intended only to refer to the collective application of the procedures which\\nNSAI was engaged to perform. The term “reserve audit” may be defined and used differently by other companies.\\n\\nThe reserve audit for 2007 included a detailed review of 16 of our major international, deepwater Gulf of Mexico\\nand US fields, which covered approximately 71% of US proved reserves and 96% of international proved reserves\\n(81% of total proved reserves). The reserve audit for 2006 included a detailed review of 14 of our major\\ninternational, deepwater Gulf of Mexico and US fields, which covered approximately 80% of our total proved\\nreserves. The reserve audit for 2005 included a detailed review of 11 of our major international, deepwater Gulf of\\nMexico and US fields, which covered approximately 72% of our total proved reserves.\\n\\nIn connection with the 2007 reserve audit, NSAI prepared its own estimates of our proved reserves. In order to\\nprepare its estimates of proved reserves, NSAI examined our estimates with respect to reserve quantities, future\\nproducing rates, future net revenue, and the present value of such future net revenue. NSAI also examined our\\nestimates with respect to reserve categorization, using the definitions for proved reserves set forth in Regulation S-X\\nRule 4-10(a) and subsequent Securities and Exchange Commission (“SEC”) staff interpretations and guidance. In\\nthe conduct of the reserve audit, NSAI did not independently verify the accuracy and completeness of information\\nand data furnished by us with respect to ownership interests, oil and gas production, well test data, historical costs of\\noperation and development, product prices, or any agreements relating to current and future operations of the fields\\nand sales of production. However, if in the course of the examination something came to the attention of NSAI\\n\\n2\",\"name\":\"fintabnet.NBL_2007_page_20__150dpi_heavy\",\"page_id\":\"fintabnet.NBL_2007_page_20\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.528,\"source\":\"fintabnet\",\"source_id\":\"NBL_2007_page_20\",\"stack\":[{\"deg\":-2.528,\"op\":\"skew\"},{\"amp\":0.202,\"angle\":144.6,\"blob\":0.625,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":6.08,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.786},{\"gain\":0.481,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":41}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[165.3,165.1,1146.2,614.4],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13],\"cells\":null}],\"text\":\"Proved reserves estimates at December 31, 2007 were as follows:\\n\\nProved\\nDeveloped\\nReserves\\n\\nUnited States\\nNatural gas (Bcf)\\nCrude oil (MMBbls)\\nTotal US (MMBoe)\\nInternational\\nNatural gas (Bcf)\\nCrude oil (MMBbls)\\nTotal International (MMBoe)\\nWorldwide\\nNatural gas (Bcf)\\nCrude oil (MMBbls)\\nTotal Worldwide (MMBoe)\\n\\nDecember 31, 2007\\nProved\\nUndeveloped\\nReserves\\n\\nTotal\\nProved\\nReserves\\n\\n1,259\\n129\\n339\\n\\n581\\n78\\n175\\n\\n1,840\\n207\\n514\\n\\n1,297\\n100\\n316\\n\\n170\\n22\\n50\\n\\n1,467\\n122\\n366\\n\\n2,556\\n229\\n655\\n\\n751\\n100\\n225\\n\\n3,307\\n329\\n880\\n\\nProved oil and gas reserves are the estimated quantities of crude oil, natural gas and natural gas liquids which\\ngeological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known\\nreservoirs under existing economic and operating conditions, i.e., prices and costs as of the date the estimate is\\nmade. Prices include consideration of changes in existing prices provided only by contractual arrangements, but not\\non escalations based upon future conditions. For additional information regarding estimates of crude oil and natural\\ngas reserves, including estimates of proved and proved developed reserves, the standardized measure of discounted\\nfuture net cash flows, and the changes in discounted future net cash flows, see Item 8. Financial Statements and\\nSupplementary Data—Supplemental Oil and Gas Information (Unaudited) and Item 7. Management’s Discussion\\nand Analysis of Financial Condition and Results of Operations—Critical Accounting Policies and Estimates—\\nReserves.\\n\\nEngineers in our Houston, Denver and London offices prepare all reserve estimates for our different geographical\\nregions. These reserve estimates are reviewed and approved by senior engineering staff and division management\\nwith final approval by the Director of Asset Development and certain members of senior management. During each\\nof the years 2007, 2006 and 2005, we retained Netherland, Sewell & Associates, Inc. (“NSAI”), independent third-\\nparty reserve engineers, to perform reserve audits of proved reserves. A “reserve audit”, as we use the term, is a\\nprocess involving an independent third-party engineering firm’s visits, collection of any and all required geologic,\\ngeophysical, engineering and economic data, and such firm’s complete external preparation of reserve estimates.\\nOur use of the term “reserve audit” is intended only to refer to the collective application of the procedures which\\nNSAI was engaged to perform. The term “reserve audit” may be defined and used differently by other companies.\\n\\nThe reserve audit for 2007 included a detailed review of 16 of our major international, deepwater Gulf of Mexico\\nand US fields, which covered approximately 71% of US proved reserves and 96% of international proved reserves\\n(81% of total proved reserves). The reserve audit for 2006 included a detailed review of 14 of our major\\ninternational, deepwater Gulf of Mexico and US fields, which covered approximately 80% of our total proved\\nreserves. The reserve audit for 2005 included a detailed review of 11 of our major international, deepwater Gulf of\\nMexico and US fields, which covered approximately 72% of our total proved reserves.\\n\\nIn connection with the 2007 reserve audit, NSAI prepared its own estimates of our proved reserves. In order to\\nprepare its estimates of proved reserves, NSAI examined our estimates with respect to reserve quantities, future\\nproducing rates, future net revenue, and the present value of such future net revenue. NSAI also examined our\\nestimates with respect to reserve categorization, using the definitions for proved reserves set forth in Regulation S-X\\nRule 4-10(a) and subsequent Securities and Exchange Commission (“SEC”) staff interpretations and guidance. In\\nthe conduct of the reserve audit, NSAI did not independently verify the accuracy and completeness of information\\nand data furnished by us with respect to ownership interests, oil and gas production, well test data, historical costs of\\noperation and development, product prices, or any agreements relating to current and future operations of the fields\\nand sales of production. However, if in the course of the examination something came to the attention of NSAI\\n\\n2\"},\"name\":\"fintabnet.NBL_2007_page_20__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":161573,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:NBL_2007\",\"dpi\":150,\"gt_sha256\":\"2ab60f48aa90b82e72e2cfe1a5bfe8224ff430d4e1435207bae1c132eaff49f1\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NBL_2007_page_20__150dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.NBL_2007_page_20\",\"pdf_sha256\":\"b91143177864fcd0111fa60ea99ddb88b7147a60d52a732e9c3cd8f6f82b7fc6\",\"px\":[1275,1650],\"scan\":{\"render\":\"0000000030103800380038003f003ffc3f007ffc7ffc7ffc7ffc7ffcfffc8000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"NBL_2007_page_20\",\"src\":{\"file_sha256\":\"aa515395d6edeced918c526055615d1ef710d2685dbc6b2bdf70bba6a3a3ab5f\",\"render\":\"00000000307c307c387c387c3ffc3ffc3ffc3ffc3ffc3ffc3ffc3ffc00000000\",\"text\":\"ef80d220c49bc85bc37d1f22b42483e057ffa6815df5746be653fef18353a5ff\"},\"stack\":[{\"deg\":-2.528,\"op\":\"skew\"},{\"amp\":0.202,\"angle\":144.6,\"blob\":0.625,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":6.08,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.786},{\"gain\":0.481,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":41}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b91143177864fcd0111fa60ea99ddb88b7147a60d52a732e9c3cd8f6f82b7fc6\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b91143177864fcd0111fa60ea99ddb88b7147a60d52a732e9c3cd8f6f82b7fc6.pdf","asset_sha256":"b91143177864fcd0111fa60ea99ddb88b7147a60d52a732e9c3cd8f6f82b7fc6","document_id":"fintabnet:NBL_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NBL_2007_page_20\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NBL_2010_page_73\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NBL_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[241.5,169.3,2165.4,341.2],\"lines\":[{\"bbox\":[241.5,169.3,2163.7,298.2],\"text\":\"included the payment of cash dividends on our common stock ($115 million), the repayment of installment and other\"},{\"bbox\":[243.3,250.9,1227.9,341.2],\"text\":\"notes ($32 million) and the repurchase of stock ($3 million).\"}],\"order\":0,\"text\":\"included the payment of cash dividends on our common stock ($115 million), the repayment of installment and other\\nnotes ($32 million) and the repurchase of stock ($3 million).\"},{\"bbox\":[246.0,317.9,1249.5,411.0],\"lines\":[{\"bbox\":[246.0,317.9,1249.5,411.0],\"text\":\"Acquisition, Capital and Other Exploration Expenditures\"}],\"order\":1,\"text\":\"Acquisition, Capital and Other Exploration Expenditures\"},{\"bbox\":[248.9,349.1,2155.8,520.5],\"lines\":[{\"bbox\":[248.9,349.1,2154.0,477.3],\"text\":\"Acquisition, Capital and Other Exploration Expenditures Information for investing activities (on an accrual basis) is\"},{\"bbox\":[250.6,463.5,427.2,520.5],\"text\":\"as follows:\"}],\"order\":2,\"text\":\"Acquisition, Capital and Other Exploration Expenditures Information for investing activities (on an accrual basis) is\\nas follows:\"},{\"bbox\":[1564.1,446.1,2092.4,557.9],\"lines\":[{\"bbox\":[1616.6,448.5,2034.4,510.0],\"text\":\"Year Ended December 31,\"},{\"bbox\":[1566.0,510.2,1646.8,557.9],\"text\":\"2010\"},{\"bbox\":[1795.3,500.8,1876.1,548.5],\"text\":\"2009\"},{\"bbox\":[2011.6,491.9,2092.4,539.6],\"text\":\"2008\"}],\"order\":3,\"text\":\"Year Ended December 31,\\n2010\\n2009\\n2008\"},{\"bbox\":[276.7,576.3,1167.9,993.5],\"lines\":[{\"bbox\":[276.7,606.0,431.4,656.5],\"text\":\"(millions)\"},{\"bbox\":[278.6,622.6,1156.0,704.9],\"text\":\"Acquisition, Capital and Exploration Expenditures\"},{\"bbox\":[280.6,684.9,801.4,750.7],\"text\":\"Unproved Property Acquisition (1)\"},{\"bbox\":[282.6,735.1,760.7,799.1],\"text\":\"Proved Property Acquisition (2)\"},{\"bbox\":[284.6,796.0,460.5,847.6],\"text\":\"Exploration\"},{\"bbox\":[286.6,843.5,491.7,896.3],\"text\":\"Development\"},{\"bbox\":[288.6,887.0,613.8,944.8],\"text\":\"Corporate and Other\"},{\"bbox\":[290.6,945.9,369.4,993.5],\"text\":\"Total\"}],\"order\":4,\"text\":\"(millions)\\nAcquisition, Capital and Exploration Expenditures\\nUnproved Property Acquisition (1)\\nProved Property Acquisition (2)\\nExploration\\nDevelopment\\nCorporate and Other\\nTotal\"},{\"bbox\":[1552.0,653.1,1573.9,698.3],\"lines\":[{\"bbox\":[1552.0,653.1,1573.9,698.3],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[293.2,988.4,885.9,1057.2],\"lines\":[{\"bbox\":[293.2,988.4,885.9,1057.2],\"text\":\"Increase in FPSO Lease Obligation (3)\"}],\"order\":6,\"text\":\"Increase in FPSO Lease Obligation (3)\"},{\"bbox\":[1552.0,649.0,1682.3,941.2],\"lines\":[{\"bbox\":[1611.0,649.0,1672.3,695.9],\"text\":\"305\"},{\"bbox\":[1613.0,697.5,1674.3,744.4],\"text\":\"352\"},{\"bbox\":[1614.9,746.0,1676.3,792.8],\"text\":\"343\"},{\"bbox\":[1587.5,794.7,1678.0,842.8],\"text\":\"1,520\"},{\"bbox\":[1618.9,843.1,1680.2,890.0],\"text\":\"121\"},{\"bbox\":[1562.0,891.9,1682.0,941.2],\"text\":\"$ 2,641\"}],\"order\":7,\"text\":\"305\\n352\\n343\\n1,520\\n121\\n$ 2,641\"},{\"bbox\":[1781.3,643.6,1803.2,688.9],\"lines\":[{\"bbox\":[1781.3,643.6,1803.2,688.9],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[1781.3,639.6,1911.7,931.7],\"lines\":[{\"bbox\":[1860.0,639.6,1901.6,685.7],\"text\":\"92\"},{\"bbox\":[1888.3,688.1,1902.1,733.0],\"text\":\"-\"},{\"bbox\":[1844.3,736.5,1905.7,783.4],\"text\":\"242\"},{\"bbox\":[1846.3,785.2,1907.6,832.1],\"text\":\"881\"},{\"bbox\":[1848.3,833.7,1909.7,880.6],\"text\":\"102\"},{\"bbox\":[1791.3,882.4,1911.6,931.7],\"text\":\"$ 1,317\"}],\"order\":9,\"text\":\"92\\n-\\n242\\n881\\n102\\n$ 1,317\"},{\"bbox\":[1997.6,634.7,2019.5,680.0],\"lines\":[{\"bbox\":[1997.6,634.7,2019.5,680.0],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[1564.6,959.6,1586.5,1004.8],\"lines\":[{\"bbox\":[1564.6,959.6,1586.5,1004.8],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[1793.9,950.1,1815.8,995.4],\"lines\":[{\"bbox\":[1793.9,950.1,1815.8,995.4],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[2010.3,941.2,2032.1,986.5],\"lines\":[{\"bbox\":[2010.3,941.2,2032.1,986.5],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[1623.6,955.5,1684.9,1002.4],\"lines\":[{\"bbox\":[1623.6,955.5,1684.9,1002.4],\"text\":\"266\"}],\"order\":14,\"text\":\"266\"},{\"bbox\":[1872.6,946.1,1914.2,992.1],\"lines\":[{\"bbox\":[1872.6,946.1,1914.2,992.1],\"text\":\"29\"}],\"order\":15,\"text\":\"29\"},{\"bbox\":[1997.6,630.7,2128.0,922.8],\"lines\":[{\"bbox\":[2056.6,630.7,2118.0,677.6],\"text\":\"302\"},{\"bbox\":[2058.7,679.1,2120.0,726.0],\"text\":\"256\"},{\"bbox\":[2060.6,727.6,2122.0,774.5],\"text\":\"448\"},{\"bbox\":[2033.2,776.3,2123.7,824.4],\"text\":\"1,193\"},{\"bbox\":[2084.3,824.8,2125.7,870.9],\"text\":\"65\"},{\"bbox\":[2007.6,873.5,2127.6,922.8],\"text\":\"$ 2,264\"}],\"order\":16,\"text\":\"302\\n256\\n448\\n1,193\\n65\\n$ 2,264\"},{\"bbox\":[2115.2,937.2,2129.1,982.2],\"lines\":[{\"bbox\":[2115.2,937.2,2129.1,982.2],\"text\":\"-\"}],\"order\":17,\"text\":\"-\"},{\"bbox\":[275.8,1079.9,302.3,1108.6],\"lines\":[{\"bbox\":[275.8,1079.9,302.3,1108.6],\"text\":\"(1)\"}],\"order\":18,\"text\":\"(1)\"},{\"bbox\":[350.8,1005.6,2219.5,1317.9],\"lines\":[{\"bbox\":[350.9,1005.6,2211.6,1126.3],\"text\":\"Unproved property acquisition cost for 2010 includes $146 million related to the Central DJ Basin asset acquisition, $38 million\"},{\"bbox\":[352.4,1043.9,2211.1,1164.5],\"text\":\"for deepwater Gulf of Mexico lease blocks, and the remainder for other US onshore lease acquisitions primarily in Wattenberg.\"},{\"bbox\":[354.0,1082.6,2206.6,1203.0],\"text\":\"Unproved property acquisition cost for 2009 includes $56 million for deepwater Gulf of Mexico lease blocks and the remainder\"},{\"bbox\":[355.6,1125.8,2085.8,1241.2],\"text\":\"primarily for other onshore US lease acquisition. Unproved property acquisition cost for 2008 includes $179 million for\"},{\"bbox\":[357.2,1163.2,2108.1,1279.4],\"text\":\"deepwater Gulf of Mexico lease blocks, $38 million related to the Mid-Continent acquisition, $39 million related to lease\"},{\"bbox\":[358.7,1215.8,1765.1,1317.9],\"text\":\"acquisitions in East Texas, and the remainder primarily for other onshore US lease acquisitions.\"}],\"order\":19,\"text\":\"Unproved property acquisition cost for 2010 includes $146 million related to the Central DJ Basin asset acquisition, $38 million\\nfor deepwater Gulf of Mexico lease blocks, and the remainder for other US onshore lease acquisitions primarily in Wattenberg.\\nUnproved property acquisition cost for 2009 includes $56 million for deepwater Gulf of Mexico lease blocks and the remainder\\nprimarily for other onshore US lease acquisition. Unproved property acquisition cost for 2008 includes $179 million for\\ndeepwater Gulf of Mexico lease blocks, $38 million related to the Mid-Continent acquisition, $39 million related to lease\\nacquisitions in East Texas, and the remainder primarily for other onshore US lease acquisitions.\"},{\"bbox\":[285.7,1322.2,312.3,1350.9],\"lines\":[{\"bbox\":[285.7,1322.2,312.3,1350.9],\"text\":\"(2)\"}],\"order\":20,\"text\":\"(2)\"},{\"bbox\":[360.8,1248.5,2206.6,1406.8],\"lines\":[{\"bbox\":[361.6,1248.5,2205.0,1368.6],\"text\":\"Proved property acquisition cost for 2010 includes $352 million related to Central DJ Basin asset acquisition. Proved property\"},{\"bbox\":[362.4,1310.2,1637.7,1406.8],\"text\":\"acquisition cost for 2008 includes $254 million related to the Mid-Continent acquisition.\"}],\"order\":21,\"text\":\"Proved property acquisition cost for 2010 includes $352 million related to Central DJ Basin asset acquisition. Proved property\\nacquisition cost for 2008 includes $254 million related to the Mid-Continent acquisition.\"},{\"bbox\":[289.4,1411.4,315.9,1440.1],\"lines\":[{\"bbox\":[289.4,1411.4,315.9,1440.1],\"text\":\"(3)\"}],\"order\":22,\"text\":\"(3)\"},{\"bbox\":[364.5,1339.5,2167.0,1496.0],\"lines\":[{\"bbox\":[368.3,1339.5,2165.4,1457.6],\"text\":\"Relates to estimated construction progress to date on an FSPO to be used in the development of the Aseng field, offshore\"},{\"bbox\":[366.1,1440.4,643.7,1496.0],\"text\":\"Equatorial Guinea.\"}],\"order\":23,\"text\":\"Relates to estimated construction progress to date on an FSPO to be used in the development of the Aseng field, offshore\\nEquatorial Guinea.\"},{\"bbox\":[293.6,1435.1,2207.7,1606.6],\"lines\":[{\"bbox\":[293.6,1435.1,2206.0,1563.6],\"text\":\"Total expenditures in 2010 doubled as compared with 2009 due to major development project expenditures and the\"},{\"bbox\":[295.3,1496.7,1757.0,1606.6],\"text\":\"Central DJ Basin asset acquisition. In addition, seismic and dry hole expense increased.\"}],\"order\":24,\"text\":\"Total expenditures in 2010 doubled as compared with 2009 due to major development project expenditures and the\\nCentral DJ Basin asset acquisition. In addition, seismic and dry hole expense increased.\"},{\"bbox\":[298.0,1543.2,2185.0,1713.6],\"lines\":[{\"bbox\":[298.0,1543.2,2183.2,1670.6],\"text\":\"Total expenditures in 2009 decreased by $947 million, or 42%, as compared with 2008, as we reduced our capital\"},{\"bbox\":[299.7,1626.3,1209.9,1713.6],\"text\":\"spending program in response to economic conditions.\"}],\"order\":25,\"text\":\"Total expenditures in 2009 decreased by $947 million, or 42%, as compared with 2008, as we reduced our capital\\nspending program in response to economic conditions.\"},{\"bbox\":[302.4,1648.9,2219.9,1820.7],\"lines\":[{\"bbox\":[302.4,1648.9,2218.1,1777.5],\"text\":\"Asset Sales In August 2010, we sold certain non-core assets in the Mid-Continent and Illinois Basin areas for cash\"},{\"bbox\":[304.1,1703.6,1938.6,1820.7],\"text\":\"proceeds of $552 million. In 2008, we sold our Argentina assets for a sales price of $117.5 million.\"}],\"order\":26,\"text\":\"Asset Sales In August 2010, we sold certain non-core assets in the Mid-Continent and Illinois Basin areas for cash\\nproceeds of $552 million. In 2008, we sold our Argentina assets for a sales price of $117.5 million.\"},{\"bbox\":[307.7,1835.7,817.7,1908.6],\"lines\":[{\"bbox\":[307.7,1835.7,817.7,1908.6],\"text\":\"Risk and Insurance Program\"}],\"order\":27,\"text\":\"Risk and Insurance Program\"},{\"bbox\":[310.5,1845.2,2263.6,2276.6],\"lines\":[{\"bbox\":[310.5,1847.1,2205.5,1974.9],\"text\":\"Our business is subject to all of the operating risks normally associated with the exploration, production, gathering,\"},{\"bbox\":[312.3,1888.5,2251.1,2018.1],\"text\":\"processing and transportation of crude oil and natural gas, including hurricanes, blowouts, well cratering and fire, any\"},{\"bbox\":[314.0,1933.8,2194.8,2061.0],\"text\":\"of which could result in damage to, or destruction of, oil and natural gas wells or formations or production facilities\"},{\"bbox\":[315.8,1975.1,2244.0,2104.2],\"text\":\"and other property and injury to persons. As protection against financial loss resulting from many, but not all of these\"},{\"bbox\":[317.6,2017.5,2258.3,2147.2],\"text\":\"operating hazards, we maintain insurance coverage, including certain physical damage, business interruption (loss of\"},{\"bbox\":[319.4,2061.3,2245.7,2190.4],\"text\":\"production), employer’s liability, comprehensive general liability and worker’s compensation insurance. We maintain\"},{\"bbox\":[321.1,2104.6,2239.7,2233.4],\"text\":\"insurance at levels that we believe are appropriate and consistent with industry practice and we regularly review our\"},{\"bbox\":[322.9,2152.1,2138.3,2276.6],\"text\":\"potential risks of loss and the cost and availability of insurance and revise our insurance program accordingly.\"}],\"order\":28,\"text\":\"Our business is subject to all of the operating risks normally associated with the exploration, production, gathering,\\nprocessing and transportation of crude oil and natural gas, including hurricanes, blowouts, well cratering and fire, any\\nof which could result in damage to, or destruction of, oil and natural gas wells or formations or production facilities\\nand other property and injury to persons. As protection against financial loss resulting from many, but not all of these\\noperating hazards, we maintain insurance coverage, including certain physical damage, business interruption (loss of\\nproduction), employer’s liability, comprehensive general liability and worker’s compensation insurance. We maintain\\ninsurance at levels that we believe are appropriate and consistent with industry practice and we regularly review our\\npotential risks of loss and the cost and availability of insurance and revise our insurance program accordingly.\"},{\"bbox\":[325.7,2215.2,2261.8,2430.7],\"lines\":[{\"bbox\":[325.7,2215.2,2258.3,2344.5],\"text\":\"For example, in certain international locations (including Israel and Equatorial Guinea) we carry business interruption\"},{\"bbox\":[327.5,2259.0,2246.1,2387.7],\"text\":\"insurance for loss of revenue arising from physical damage to our facilities caused by fire and natural disasters. The\"},{\"bbox\":[329.3,2325.3,1681.3,2430.7],\"text\":\"coverage is subject to customary deductibles, waiting periods and recovery limits.\"}],\"order\":29,\"text\":\"For example, in certain international locations (including Israel and Equatorial Guinea) we carry business interruption\\ninsurance for loss of revenue arising from physical damage to our facilities caused by fire and natural disasters. The\\ncoverage is subject to customary deductibles, waiting periods and recovery limits.\"},{\"bbox\":[332.1,2369.4,2276.2,2714.2],\"lines\":[{\"bbox\":[332.1,2371.0,2229.1,2498.9],\"text\":\"In the Gulf of Mexico, we have begun self-insuring for windstorm exposure. We made this decision because recent\"},{\"bbox\":[333.8,2413.9,2233.0,2541.9],\"text\":\"abandonment activities on the Gulf of Mexico shelf significantly reduced our windstorm exposure, as our remaining\"},{\"bbox\":[335.6,2459.0,2182.6,2584.8],\"text\":\"Gulf of Mexico assets are primarily subsea operations. In addition, the cost of windstorm insurance has recently\"},{\"bbox\":[337.4,2498.6,2272.7,2628.0],\"text\":\"increased while the amounts of coverage have been reduced. Therefore, we believe it is more cost-effective for us to\"},{\"bbox\":[339.1,2544.0,2215.7,2671.0],\"text\":\"self-insure these assets. However, we are now responsible for substantially all windstorm-related damages to our\"},{\"bbox\":[340.9,2649.2,711.7,2714.2],\"text\":\"Gulf of Mexico assets.\"}],\"order\":30,\"text\":\"In the Gulf of Mexico, we have begun self-insuring for windstorm exposure. We made this decision because recent\\nabandonment activities on the Gulf of Mexico shelf significantly reduced our windstorm exposure, as our remaining\\nGulf of Mexico assets are primarily subsea operations. In addition, the cost of windstorm insurance has recently\\nincreased while the amounts of coverage have been reduced. Therefore, we believe it is more cost-effective for us to\\nself-insure these assets. However, we are now responsible for substantially all windstorm-related damages to our\\nGulf of Mexico assets.\"},{\"bbox\":[343.6,2653.2,2282.2,3126.9],\"lines\":[{\"bbox\":[343.7,2656.8,2180.6,2782.1],\"text\":\"In accordance with industry practice, oil and gas well owners generally indemnify drilling rig contractors against\"},{\"bbox\":[345.5,2696.4,2268.1,2825.3],\"text\":\"certain risks, such as those arising from property and environmental losses, pollution from sources such as oil spills,\"},{\"bbox\":[347.3,2739.7,2263.5,2868.3],\"text\":\"or contamination resulting from well blowout or fire or other uncontrolled flow of hydrocarbons. Most of our domestic\"},{\"bbox\":[349.0,2782.5,2273.3,2911.5],\"text\":\"and international drilling contracts contain such indemnification clauses. In addition, oil and gas well owners typically\"},{\"bbox\":[350.8,2826.6,2247.6,2954.5],\"text\":\"assume all costs of well control in the event of an uncontrolled well. We currently carry insurance protection for our\"},{\"bbox\":[352.5,2870.4,2235.4,2997.7],\"text\":\"net share of any potential financial losses occurring as a result of events such as the Deepwater Horizon Incident.\"},{\"bbox\":[354.3,2912.5,2257.8,3040.7],\"text\":\"This protection consists of $250 million of well control, pollution cleanup and consequential damages coverage and\"},{\"bbox\":[356.1,2958.2,2199.4,3083.9],\"text\":\"$251 million of additional pollution cleanup and consequential damages coverage, which also covers third party\"},{\"bbox\":[357.8,3000.8,2211.2,3126.9],\"text\":\"personal injury and death. Consequently if we were to experience an accident similar to the Deepwater Horizon\"}],\"order\":31,\"text\":\"In accordance with industry practice, oil and gas well owners generally indemnify drilling rig contractors against\\ncertain risks, such as those arising from property and environmental losses, pollution from sources such as oil spills,\\nor contamination resulting from well blowout or fire or other uncontrolled flow of hydrocarbons. Most of our domestic\\nand international drilling contracts contain such indemnification clauses. In addition, oil and gas well owners typically\\nassume all costs of well control in the event of an uncontrolled well. We currently carry insurance protection for our\\nnet share of any potential financial losses occurring as a result of events such as the Deepwater Horizon Incident.\\nThis protection consists of $250 million of well control, pollution cleanup and consequential damages coverage and\\n$251 million of additional pollution cleanup and consequential damages coverage, which also covers third party\\npersonal injury and death. Consequently if we were to experience an accident similar to the Deepwater Horizon\"},{\"bbox\":[1313.8,3101.9,1357.4,3153.5],\"lines\":[{\"bbox\":[1313.8,3101.9,1357.4,3153.5],\"text\":\"60\"}],\"order\":32,\"text\":\"60\"}],\"doc\":\"fintabnet:NBL_2010\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"included the payment of cash dividends on our common stock ($115 million), the repayment of installment and other\\nnotes ($32 million) and the repurchase of stock ($3 million).\\n\\nAcquisition, Capital and Other Exploration Expenditures\\n\\nAcquisition, Capital and Other Exploration Expenditures Information for investing activities (on an accrual basis) is\\nas follows:\\n\\n|  | Year Ended December 31, |  |  |\\n| --- | --- | --- | --- |\\n|  | 2010 | 2009 | 2008 |\\n| (millions) |  |  |  |\\n| Acquisition, Capital and Exploration Expenditures |  |  |  |\\n| Unproved Property Acquisition(1) | $305 | $92 | $302 |\\n| Proved Property Acquisition(2) | 352 | - | 256 |\\n| Exploration | 343 | 242 | 448 |\\n| Development | 1,520 | 881 | 1,193 |\\n| Corporate and Other | 121 | 102 | 65 |\\n| Total | $2,641 | $1,317 | $2,264 |\\n| Increase in FPSO Lease Obligation(3) | $266 | $29 | $- |\\n\\nUnproved property acquisition cost for 2010 includes $146 million related to the Central DJ Basin asset acquisition, $38 million\\nfor deepwater Gulf of Mexico lease blocks, and the remainder for other US onshore lease acquisitions primarily in Wattenberg.\\nUnproved property acquisition cost for 2009 includes $56 million for deepwater Gulf of Mexico lease blocks and the remainder\\nprimarily for other onshore US lease acquisition. Unproved property acquisition cost for 2008 includes $179 million for\\ndeepwater Gulf of Mexico lease blocks, $38 million related to the Mid-Continent acquisition, $39 million related to lease\\nacquisitions in East Texas, and the remainder primarily for other onshore US lease acquisitions.\\n\\n(2)\\n\\nProved property acquisition cost for 2010 includes $352 million related to Central DJ Basin asset acquisition. Proved property\\nacquisition cost for 2008 includes $254 million related to the Mid-Continent acquisition.\\n\\n(3)\\n\\nRelates to estimated construction progress to date on an FSPO to be used in the development of the Aseng field, offshore\\nEquatorial Guinea.\\n\\nTotal expenditures in 2010 doubled as compared with 2009 due to major development project expenditures and the\\nCentral DJ Basin asset acquisition. In addition, seismic and dry hole expense increased.\\n\\nTotal expenditures in 2009 decreased by $947 million, or 42%, as compared with 2008, as we reduced our capital\\nspending program in response to economic conditions.\\n\\nAsset Sales In August 2010, we sold certain non-core assets in the Mid-Continent and Illinois Basin areas for cash\\nproceeds of $552 million. In 2008, we sold our Argentina assets for a sales price of $117.5 million.\\n\\nRisk and Insurance Program\\n\\nOur business is subject to all of the operating risks normally associated with the exploration, production, gathering,\\nprocessing and transportation of crude oil and natural gas, including hurricanes, blowouts, well cratering and fire, any\\nof which could result in damage to, or destruction of, oil and natural gas wells or formations or production facilities\\nand other property and injury to persons. As protection against financial loss resulting from many, but not all of these\\noperating hazards, we maintain insurance coverage, including certain physical damage, business interruption (loss of\\nproduction), employer’s liability, comprehensive general liability and worker’s compensation insurance. We maintain\\ninsurance at levels that we believe are appropriate and consistent with industry practice and we regularly review our\\npotential risks of loss and the cost and availability of insurance and revise our insurance program accordingly.\\n\\nFor example, in certain international locations (including Israel and Equatorial Guinea) we carry business interruption\\ninsurance for loss of revenue arising from physical damage to our facilities caused by fire and natural disasters. The\\ncoverage is subject to customary deductibles, waiting periods and recovery limits.\\n\\nIn the Gulf of Mexico, we have begun self-insuring for windstorm exposure. We made this decision because recent\\nabandonment activities on the Gulf of Mexico shelf significantly reduced our windstorm exposure, as our remaining\\nGulf of Mexico assets are primarily subsea operations. In addition, the cost of windstorm insurance has recently\\nincreased while the amounts of coverage have been reduced. Therefore, we believe it is more cost-effective for us to\\nself-insure these assets. However, we are now responsible for substantially all windstorm-related damages to our\\nGulf of Mexico assets.\\n\\nIn accordance with industry practice, oil and gas well owners generally indemnify drilling rig contractors against\\ncertain risks, such as those arising from property and environmental losses, pollution from sources such as oil spills,\\nor contamination resulting from well blowout or fire or other uncontrolled flow of hydrocarbons. Most of our domestic\\nand international drilling contracts contain such indemnification clauses. In addition, oil and gas well owners typically\\nassume all costs of well control in the event of an uncontrolled well. We currently carry insurance protection for our\\nnet share of any potential financial losses occurring as a result of events such as the Deepwater Horizon Incident.\\nThis protection consists of $250 million of well control, pollution cleanup and consequential damages coverage and\\n$251 million of additional pollution cleanup and consequential damages coverage, which also covers third party\\npersonal injury and death. Consequently if we were to experience an accident similar to the Deepwater Horizon\\n\\n60\",\"name\":\"fintabnet.NBL_2010_page_73__300dpi_heavy\",\"page_id\":\"fintabnet.NBL_2010_page_73\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.357,\"source\":\"fintabnet\",\"source_id\":\"NBL_2010_page_73\",\"stack\":[{\"deg\":2.357,\"op\":\"skew\"},{\"amp\":0.309,\"angle\":304.7,\"blob\":0.445,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.52},{\"op\":\"noise\",\"sigma\":13.348},{\"gain\":0.598,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":0.019,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[252.7,445.3,2132.7,1108.6],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18],\"cells\":[{\"bbox\":[1617.0,459.5,2034.5,510.0],\"c0\":1,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\"Year Ended December 31,\"},{\"bbox\":[1566.5,521.2,1646.8,557.9],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2010\"},{\"bbox\":[1795.7,511.8,1876.1,548.5],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2009\"},{\"bbox\":[2012.0,502.9,2092.4,539.6],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"2008\"},{\"bbox\":[277.1,616.8,431.4,656.5],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"(millions)\"},{\"bbox\":[279.1,635.5,1156.1,704.9],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Acquisition, Capital and Exploration Expenditures\"},{\"bbox\":[280.9,693.4,801.4,750.7],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Unproved Property Acquisition(1)\"},{\"bbox\":[1552.4,660.0,1672.3,698.4],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"$305\"},{\"bbox\":[1781.7,650.6,1901.6,688.9],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"$92\"},{\"bbox\":[1998.1,641.7,2118.0,680.0],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"$302\"},{\"bbox\":[282.9,743.6,760.7,799.1],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Proved Property Acquisition(2)\"},{\"bbox\":[1613.4,708.5,1674.3,744.4],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"352\"},{\"bbox\":[1888.7,699.1,1902.1,733.1],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"-\"},{\"bbox\":[2059.1,690.2,2120.0,726.0],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"256\"},{\"bbox\":[285.0,807.0,460.6,847.6],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Exploration\"},{\"bbox\":[1615.4,757.0,1676.3,792.8],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"343\"},{\"bbox\":[1844.8,747.6,1905.7,783.4],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"242\"},{\"bbox\":[2061.1,738.7,2122.0,774.5],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"448\"},{\"bbox\":[287.0,854.6,491.7,896.3],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Development\"},{\"bbox\":[1587.9,805.7,1678.0,842.8],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"1,520\"},{\"bbox\":[1846.7,796.3,1907.6,832.1],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"881\"},{\"bbox\":[2033.6,787.4,2123.7,824.4],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"1,193\"},{\"bbox\":[289.0,898.1,613.9,944.8],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Corporate and Other\"},{\"bbox\":[1619.3,854.2,1680.2,890.1],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"121\"},{\"bbox\":[1848.8,844.7,1909.7,880.6],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"102\"},{\"bbox\":[2084.8,835.8,2125.7,870.9],\"c0\":3,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"65\"},{\"bbox\":[291.0,956.9,369.4,993.5],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Total\"},{\"bbox\":[1562.4,902.9,1682.0,941.2],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"$2,641\"},{\"bbox\":[1791.8,893.4,1911.6,931.7],\"c0\":2,\"c1\":2,\"r0\":9,\"r1\":9,\"text\":\"$1,317\"},{\"bbox\":[2008.0,884.6,2127.7,922.8],\"c0\":3,\"c1\":3,\"r0\":9,\"r1\":9,\"text\":\"$2,264\"},{\"bbox\":[293.5,996.9,886.0,1057.2],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Increase in FPSO Lease Obligation(3)\"},{\"bbox\":[1565.0,966.5,1684.9,1004.8],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"$266\"},{\"bbox\":[1794.4,957.1,1914.3,995.4],\"c0\":2,\"c1\":2,\"r0\":10,\"r1\":10,\"text\":\"$29\"},{\"bbox\":[2010.7,948.3,2129.1,986.5],\"c0\":3,\"c1\":3,\"r0\":10,\"r1\":10,\"text\":\"$-\"}]}],\"text\":\"included the payment of cash dividends on our common stock ($115 million), the repayment of installment and other\\nnotes ($32 million) and the repurchase of stock ($3 million).\\n\\nAcquisition, Capital and Other Exploration Expenditures\\n\\nAcquisition, Capital and Other Exploration Expenditures Information for investing activities (on an accrual basis) is\\nas follows:\\n\\nYear Ended December 31,\\n2010\\n2009\\n2008\\n\\n(millions)\\nAcquisition, Capital and Exploration Expenditures\\nUnproved Property Acquisition (1)\\nProved Property Acquisition (2)\\nExploration\\nDevelopment\\nCorporate and Other\\nTotal\\n\\n$\\n\\nIncrease in FPSO Lease Obligation (3)\\n\\n305\\n352\\n343\\n1,520\\n121\\n$ 2,641\\n\\n$\\n\\n92\\n-\\n242\\n881\\n102\\n$ 1,317\\n\\n$\\n\\n$\\n\\n$\\n\\n$\\n\\n266\\n\\n29\\n\\n302\\n256\\n448\\n1,193\\n65\\n$ 2,264\\n\\n-\\n\\n(1)\\n\\nUnproved property acquisition cost for 2010 includes $146 million related to the Central DJ Basin asset acquisition, $38 million\\nfor deepwater Gulf of Mexico lease blocks, and the remainder for other US onshore lease acquisitions primarily in Wattenberg.\\nUnproved property acquisition cost for 2009 includes $56 million for deepwater Gulf of Mexico lease blocks and the remainder\\nprimarily for other onshore US lease acquisition. Unproved property acquisition cost for 2008 includes $179 million for\\ndeepwater Gulf of Mexico lease blocks, $38 million related to the Mid-Continent acquisition, $39 million related to lease\\nacquisitions in East Texas, and the remainder primarily for other onshore US lease acquisitions.\\n\\n(2)\\n\\nProved property acquisition cost for 2010 includes $352 million related to Central DJ Basin asset acquisition. Proved property\\nacquisition cost for 2008 includes $254 million related to the Mid-Continent acquisition.\\n\\n(3)\\n\\nRelates to estimated construction progress to date on an FSPO to be used in the development of the Aseng field, offshore\\nEquatorial Guinea.\\n\\nTotal expenditures in 2010 doubled as compared with 2009 due to major development project expenditures and the\\nCentral DJ Basin asset acquisition. In addition, seismic and dry hole expense increased.\\n\\nTotal expenditures in 2009 decreased by $947 million, or 42%, as compared with 2008, as we reduced our capital\\nspending program in response to economic conditions.\\n\\nAsset Sales In August 2010, we sold certain non-core assets in the Mid-Continent and Illinois Basin areas for cash\\nproceeds of $552 million. In 2008, we sold our Argentina assets for a sales price of $117.5 million.\\n\\nRisk and Insurance Program\\n\\nOur business is subject to all of the operating risks normally associated with the exploration, production, gathering,\\nprocessing and transportation of crude oil and natural gas, including hurricanes, blowouts, well cratering and fire, any\\nof which could result in damage to, or destruction of, oil and natural gas wells or formations or production facilities\\nand other property and injury to persons. As protection against financial loss resulting from many, but not all of these\\noperating hazards, we maintain insurance coverage, including certain physical damage, business interruption (loss of\\nproduction), employer’s liability, comprehensive general liability and worker’s compensation insurance. We maintain\\ninsurance at levels that we believe are appropriate and consistent with industry practice and we regularly review our\\npotential risks of loss and the cost and availability of insurance and revise our insurance program accordingly.\\n\\nFor example, in certain international locations (including Israel and Equatorial Guinea) we carry business interruption\\ninsurance for loss of revenue arising from physical damage to our facilities caused by fire and natural disasters. The\\ncoverage is subject to customary deductibles, waiting periods and recovery limits.\\n\\nIn the Gulf of Mexico, we have begun self-insuring for windstorm exposure. We made this decision because recent\\nabandonment activities on the Gulf of Mexico shelf significantly reduced our windstorm exposure, as our remaining\\nGulf of Mexico assets are primarily subsea operations. In addition, the cost of windstorm insurance has recently\\nincreased while the amounts of coverage have been reduced. Therefore, we believe it is more cost-effective for us to\\nself-insure these assets. However, we are now responsible for substantially all windstorm-related damages to our\\nGulf of Mexico assets.\\n\\nIn accordance with industry practice, oil and gas well owners generally indemnify drilling rig contractors against\\ncertain risks, such as those arising from property and environmental losses, pollution from sources such as oil spills,\\nor contamination resulting from well blowout or fire or other uncontrolled flow of hydrocarbons. Most of our domestic\\nand international drilling contracts contain such indemnification clauses. In addition, oil and gas well owners typically\\nassume all costs of well control in the event of an uncontrolled well. We currently carry insurance protection for our\\nnet share of any potential financial losses occurring as a result of events such as the Deepwater Horizon Incident.\\nThis protection consists of $250 million of well control, pollution cleanup and consequential damages coverage and\\n$251 million of additional pollution cleanup and consequential damages coverage, which also covers third party\\npersonal injury and death. 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rate:\"},{\"bbox\":[570.5,798.0,1783.5,888.6],\"text\":\"Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[568.3,847.9,1781.3,938.6],\"text\":\"SERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[566.2,897.9,1779.2,988.5],\"text\":\"Post-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[480.7,944.2,1004.4,1005.0],\"text\":\"Rate of compensation increase:\"},{\"bbox\":[561.8,997.8,1774.9,1088.4],\"text\":\"Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[559.7,1047.7,1772.7,1138.4],\"text\":\"SERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[557.5,1097.7,1770.5,1188.3],\"text\":\"Post-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Discount rate:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of compensation increase:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1987.9,748.4,2055.8,781.4],\"lines\":[{\"bbox\":[1987.9,748.4,2055.8,781.4],\"text\":\"2008\"}],\"order\":7,\"text\":\"2008\"},{\"bbox\":[1840.0,853.2,2088.8,1001.7],\"lines\":[{\"bbox\":[1844.3,853.2,2088.8,901.8],\"text\":\"5.75% 7.00%\"},{\"bbox\":[1842.1,903.1,2086.6,951.8],\"text\":\"5.75% 7.00%\"},{\"bbox\":[1840.0,953.1,2084.4,1001.7],\"text\":\"5.75% 7.00%\"}],\"order\":8,\"text\":\"5.75% 7.00%\\n5.75% 7.00%\\n5.75% 7.00%\"},{\"bbox\":[1832.6,1053.0,1910.2,1194.2],\"lines\":[{\"bbox\":[1836.9,1053.0,1910.2,1094.3],\"text\":\"N/A\"},{\"bbox\":[1834.7,1103.0,1908.1,1144.2],\"text\":\"N/A\"},{\"bbox\":[1832.6,1153.0,1905.9,1194.2],\"text\":\"N/A\"}],\"order\":9,\"text\":\"N/A\\nN/A\\nN/A\"},{\"bbox\":[1967.8,1058.9,2045.5,1200.1],\"lines\":[{\"bbox\":[1972.2,1058.9,2045.5,1100.1],\"text\":\"N/A\"},{\"bbox\":[1970.0,1108.9,2043.3,1150.1],\"text\":\"N/A\"},{\"bbox\":[1967.8,1158.8,2041.2,1200.1],\"text\":\"N/A\"}],\"order\":10,\"text\":\"N/A\\nN/A\\nN/A\"},{\"bbox\":[1816.4,1337.0,1884.3,1370.0],\"lines\":[{\"bbox\":[1816.4,1337.0,1884.3,1370.0],\"text\":\"2009\"}],\"order\":11,\"text\":\"2009\"},{\"bbox\":[1972.5,1343.7,2040.4,1376.7],\"lines\":[{\"bbox\":[1972.5,1343.7,2040.4,1376.7],\"text\":\"2008\"}],\"order\":12,\"text\":\"2008\"},{\"bbox\":[2128.6,1350.5,2196.5,1383.5],\"lines\":[{\"bbox\":[2128.6,1350.5,2196.5,1383.5],\"text\":\"2007\"}],\"order\":13,\"text\":\"2007\"},{\"bbox\":[290.6,1332.0,1919.5,1590.3],\"lines\":[{\"bbox\":[297.1,1332.0,533.6,1380.4],\"text\":\"Discount rate:\"},{\"bbox\":[378.2,1385.6,1917.3,1490.4],\"text\":\"Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\"},{\"bbox\":[376.0,1435.6,1915.1,1540.3],\"text\":\"SERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\"},{\"bbox\":[373.9,1485.5,1913.0,1590.3],\"text\":\"Post-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\"}],\"order\":14,\"text\":\"Discount rate:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\"},{\"bbox\":[1959.9,1454.4,2073.4,1597.1],\"lines\":[{\"bbox\":[1964.2,1454.4,2073.4,1497.1],\"text\":\"6.10%\"},{\"bbox\":[1962.0,1504.3,2071.2,1547.1],\"text\":\"6.10%\"},{\"bbox\":[1959.9,1554.3,2069.1,1597.1],\"text\":\"6.00%\"}],\"order\":15,\"text\":\"6.10%\\n6.10%\\n6.00%\"},{\"bbox\":[2116.0,1461.1,2229.5,1603.8],\"lines\":[{\"bbox\":[2120.3,1461.1,2229.5,1503.9],\"text\":\"5.75%\"},{\"bbox\":[2118.2,1511.1,2227.3,1553.9],\"text\":\"5.75%\"},{\"bbox\":[2116.0,1561.0,2225.2,1603.8],\"text\":\"5.75%\"}],\"order\":16,\"text\":\"5.75%\\n5.75%\\n5.75%\"},{\"bbox\":[281.2,1548.5,1760.9,1800.3],\"lines\":[{\"bbox\":[287.7,1548.5,811.4,1609.3],\"text\":\"Rate of compensation increase:\"},{\"bbox\":[368.8,1601.8,1758.8,1700.4],\"text\":\"Pension (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[366.7,1651.8,1756.6,1750.3],\"text\":\"SERP (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[364.5,1702.0,1754.4,1800.3],\"text\":\"Post-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":17,\"text\":\"Rate of compensation increase:\\nPension (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSERP (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1951.7,1670.9,2029.4,1812.0],\"lines\":[{\"bbox\":[1956.1,1670.9,2029.4,1712.1],\"text\":\"N/A\"},{\"bbox\":[1953.9,1720.8,2027.2,1762.1],\"text\":\"N/A\"},{\"bbox\":[1951.7,1770.8,2025.1,1812.0],\"text\":\"N/A\"}],\"order\":18,\"text\":\"N/A\\nN/A\\nN/A\"},{\"bbox\":[2106.6,1677.6,2220.1,1820.3],\"lines\":[{\"bbox\":[2110.9,1677.6,2220.1,1720.4],\"text\":\"4.50%\"},{\"bbox\":[2108.8,1727.5,2217.9,1770.3],\"text\":\"4.00%\"},{\"bbox\":[2107.9,1777.5,2181.2,1818.8],\"text\":\"N/A\"}],\"order\":19,\"text\":\"4.50%\\n4.00%\\nN/A\"},{\"bbox\":[1941.1,1887.3,2054.6,2030.0],\"lines\":[{\"bbox\":[1945.4,1887.3,2054.6,1930.1],\"text\":\"8.40%\"},{\"bbox\":[1944.5,1937.3,2017.9,1978.5],\"text\":\"N/A\"},{\"bbox\":[1942.4,1987.2,2015.7,2028.5],\"text\":\"N/A\"}],\"order\":20,\"text\":\"8.40%\\nN/A\\nN/A\"},{\"bbox\":[2097.2,1894.0,2210.7,2036.7],\"lines\":[{\"bbox\":[2101.6,1894.0,2210.7,1936.8],\"text\":\"8.50%\"},{\"bbox\":[2100.6,1944.1,2174.0,1985.3],\"text\":\"N/A\"},{\"bbox\":[2098.5,1994.0,2171.8,2035.2],\"text\":\"N/A\"}],\"order\":21,\"text\":\"8.50%\\nN/A\\nN/A\"},{\"bbox\":[386.8,1188.1,1798.3,1287.3],\"lines\":[{\"bbox\":[386.8,1188.1,1798.3,1287.3],\"text\":\"Weighted-average assumptions used to determine net benefit cost for the fiscal year:\"}],\"order\":22,\"text\":\"Weighted-average assumptions used to determine net benefit cost for the fiscal year:\"},{\"bbox\":[1795.6,1664.1,1873.3,1805.2],\"lines\":[{\"bbox\":[1800.0,1664.1,1873.3,1705.3],\"text\":\"N/A\"},{\"bbox\":[1797.8,1714.1,1871.1,1755.3],\"text\":\"N/A\"},{\"bbox\":[1795.6,1764.0,1869.0,1805.2],\"text\":\"N/A\"}],\"order\":23,\"text\":\"N/A\\nN/A\\nN/A\"},{\"bbox\":[271.9,1765.0,1900.7,2023.2],\"lines\":[{\"bbox\":[278.3,1765.0,798.5,1825.6],\"text\":\"Expected return on plan assets:\"},{\"bbox\":[359.4,1818.5,1898.5,1923.3],\"text\":\"Pension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.00%\"},{\"bbox\":[357.3,1868.5,1861.8,1971.8],\"text\":\"SERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N/A\"},{\"bbox\":[355.1,1918.4,1859.6,2021.7],\"text\":\"Post-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N/A\"}],\"order\":24,\"text\":\"Expected return on plan assets:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.00%\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N/A\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N/A\"},{\"bbox\":[263.9,1998.1,2131.3,2216.8],\"lines\":[{\"bbox\":[268.2,1998.1,627.1,2051.7],\"text\":\"N/A—Not applicable\"},{\"bbox\":[266.7,2047.8,299.3,2074.0],\"text\":\"(1)\"},{\"bbox\":[349.3,2051.6,2129.2,2166.9],\"text\":\"For the year ended December 31, 2007, the compensation rate increase was calculated up to the NASDAQ\"},{\"bbox\":[347.2,2101.6,1339.1,2182.7],\"text\":\"OMX Pension and SERP Plans freeze date of May 1, 2007.\"}],\"order\":25,\"text\":\"N/A—Not applicable\\n(1)\\nFor the year ended December 31, 2007, the compensation rate increase was calculated up to the NASDAQ\\nOMX Pension and SERP Plans freeze date of May 1, 2007.\"},{\"bbox\":[253.2,2195.6,2129.3,2464.6],\"lines\":[{\"bbox\":[342.9,2199.2,2129.3,2314.7],\"text\":\"The assumptions above are used to develop the benefit obligations at fiscal year-end and to develop the net\"},{\"bbox\":[257.5,2245.6,2006.0,2359.4],\"text\":\"periodic benefit cost for the subsequent fiscal year. Therefore, the assumptions used to determine benefit\"},{\"bbox\":[255.3,2295.5,2113.9,2414.1],\"text\":\"obligations were established at each year-end while the assumptions used to determine net periodic benefit cost\"},{\"bbox\":[253.2,2345.5,1280.8,2428.1],\"text\":\"for each year are established at the end of each previous year.\"}],\"order\":26,\"text\":\"The assumptions above are used to develop the benefit obligations at fiscal year-end and to develop the net\\nperiodic benefit cost for the subsequent fiscal year. Therefore, the assumptions used to determine benefit\\nobligations were established at each year-end while the assumptions used to determine net periodic benefit cost\\nfor each year are established at the end of each previous year.\"},{\"bbox\":[244.6,2443.1,2139.2,2663.0],\"lines\":[{\"bbox\":[332.2,2446.7,2136.3,2563.0],\"text\":\"The net periodic benefit obligations and the net periodic benefit cost are based on actuarial assumptions that\"},{\"bbox\":[246.8,2493.0,2137.1,2613.0],\"text\":\"are reviewed on an annual basis. We revise these assumptions based on an annual evaluation of long-term trends,\"},{\"bbox\":[244.6,2543.0,1930.2,2654.1],\"text\":\"as well as market conditions, which may have an impact on the cost of providing retirement benefits.\"}],\"order\":27,\"text\":\"The net periodic benefit obligations and the net periodic benefit cost are based on actuarial assumptions that\\nare reviewed on an annual basis. We revise these assumptions based on an annual evaluation of long-term trends,\\nas well as market conditions, which may have an impact on the cost of providing retirement benefits.\"},{\"bbox\":[233.9,2640.6,2133.7,2910.6],\"lines\":[{\"bbox\":[323.6,2644.2,2082.4,2758.5],\"text\":\"The weighted-average assumed healthcare cost trend rate used for post-retirement measurement purposes\"},{\"bbox\":[238.2,2690.6,2131.5,2810.7],\"text\":\"for the NASDAQ OMX post-retirement plan is 10.0% and for the NASDAQ OMX PHLX post-retirement plan is\"},{\"bbox\":[236.1,2740.5,2048.3,2857.1],\"text\":\"8.0% for 2010 and the remaining life of the post-retirement medical plan, which will terminate when the last\"},{\"bbox\":[233.9,2790.5,2107.1,2909.7],\"text\":\"eligible participant (including spouses) reaches the age of 65. A one percent increase or decrease in the assumed\"}],\"order\":28,\"text\":\"The weighted-average assumed healthcare cost trend rate used for post-retirement measurement purposes\\nfor the NASDAQ OMX post-retirement plan is 10.0% and for the NASDAQ OMX PHLX post-retirement plan is\\n8.0% for 2010 and the remaining life of the post-retirement medical plan, which will terminate when the last\\neligible participant (including spouses) reaches the age of 65. A one percent increase or decrease in the assumed\"},{\"bbox\":[1139.3,2930.4,1219.6,2972.0],\"lines\":[{\"bbox\":[1139.3,2930.4,1219.6,2972.0],\"text\":\"F-52\"}],\"order\":29,\"text\":\"F-52\"}],\"doc\":\"fintabnet:NDAQ_2009\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"The NASDAQ OMX Group, Inc.\\n\\nNotes to Consolidated Financial Statements—(Continued)\\n\\nActuarial Assumptions for the Combined Benefit Plans\\n\\nThe following tables provide the weighted-average actuarial assumptions for the Combined Benefit Plans.\\n\\nWeighted-average assumptions used to determine benefit obligations at the end of the fiscal year:\\n\\n2009\\n\\nDiscount rate:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of compensation increase:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2008\\n\\n5.75% 7.00%\\n5.75% 7.00%\\n5.75% 7.00%\\n\\nN/A\\nN/A\\nN/A\\n\\nN/A\\nN/A\\nN/A\\n\\n2009\\n\\n2008\\n\\n2007\\n\\nDiscount rate:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\\n\\n6.10%\\n6.10%\\n6.00%\\n\\n5.75%\\n5.75%\\n5.75%\\n\\nRate of compensation increase:\\nPension (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSERP (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nN/A\\nN/A\\nN/A\\n\\n4.50%\\n4.00%\\nN/A\\n\\n8.40%\\nN/A\\nN/A\\n\\n8.50%\\nN/A\\nN/A\\n\\nWeighted-average assumptions used to determine net benefit cost for the fiscal year:\\n\\nN/A\\nN/A\\nN/A\\n\\nExpected return on plan assets:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.00%\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N/A\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N/A\\n\\nN/A—Not applicable\\n(1)\\nFor the year ended December 31, 2007, the compensation rate increase was calculated up to the NASDAQ\\nOMX Pension and SERP Plans freeze date of May 1, 2007.\\n\\nThe assumptions above are used to develop the benefit obligations at fiscal year-end and to develop the net\\nperiodic benefit cost for the subsequent fiscal year. Therefore, the assumptions used to determine benefit\\nobligations were established at each year-end while the assumptions used to determine net periodic benefit cost\\nfor each year are established at the end of each previous year.\\n\\nThe net periodic benefit obligations and the net periodic benefit cost are based on actuarial assumptions that\\nare reviewed on an annual basis. We revise these assumptions based on an annual evaluation of long-term trends,\\nas well as market conditions, which may have an impact on the cost of providing retirement benefits.\\n\\nThe weighted-average assumed healthcare cost trend rate used for post-retirement measurement purposes\\nfor the NASDAQ OMX post-retirement plan is 10.0% and for the NASDAQ OMX PHLX post-retirement plan is\\n8.0% for 2010 and the remaining life of the post-retirement medical plan, which will terminate when the last\\neligible participant (including spouses) reaches the age of 65. A one percent increase or decrease in the assumed\\n\\nF-52\",\"name\":\"fintabnet.NDAQ_2009_page_163__300dpi_heavy\",\"page_id\":\"fintabnet.NDAQ_2009_page_163\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.482,\"source\":\"fintabnet\",\"source_id\":\"NDAQ_2009_page_163\",\"stack\":[{\"deg\":-2.482,\"op\":\"skew\"},{\"amp\":0.223,\"angle\":133.3,\"blob\":0.728,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.61},{\"op\":\"noise\",\"sigma\":14.044},{\"gain\":0.514,\"op\":\"contrast\"},{\"bias\":0.071,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":40}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[474.2,675.9,2093.9,1201.6],\"block_orders\":[5,6,7,8,9,10],\"cells\":null}],\"text\":\"The NASDAQ OMX Group, Inc.\\n\\nNotes to Consolidated Financial Statements—(Continued)\\n\\nActuarial Assumptions for the Combined Benefit Plans\\n\\nThe following tables provide the weighted-average actuarial assumptions for the Combined Benefit Plans.\\n\\nWeighted-average assumptions used to determine benefit obligations at the end of the fiscal year:\\n\\n2009\\n\\nDiscount rate:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRate of compensation increase:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2008\\n\\n5.75% 7.00%\\n5.75% 7.00%\\n5.75% 7.00%\\n\\nN/A\\nN/A\\nN/A\\n\\nN/A\\nN/A\\nN/A\\n\\n2009\\n\\n2008\\n\\n2007\\n\\nDiscount rate:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.00%\\n\\n6.10%\\n6.10%\\n6.00%\\n\\n5.75%\\n5.75%\\n5.75%\\n\\nRate of compensation increase:\\nPension (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSERP (1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nN/A\\nN/A\\nN/A\\n\\n4.50%\\n4.00%\\nN/A\\n\\n8.40%\\nN/A\\nN/A\\n\\n8.50%\\nN/A\\nN/A\\n\\nWeighted-average assumptions used to determine net benefit cost for the fiscal year:\\n\\nN/A\\nN/A\\nN/A\\n\\nExpected return on plan assets:\\nPension . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.00%\\nSERP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N/A\\nPost-retirement . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N/A\\n\\nN/A—Not applicable\\n(1)\\nFor the year ended December 31, 2007, the compensation rate increase was calculated up to the NASDAQ\\nOMX Pension and SERP Plans freeze date of May 1, 2007.\\n\\nThe assumptions above are used to develop the benefit obligations at fiscal year-end and to develop the net\\nperiodic benefit cost for the subsequent fiscal year. Therefore, the assumptions used to determine benefit\\nobligations were established at each year-end while the assumptions used to determine net periodic benefit cost\\nfor each year are established at the end of each previous year.\\n\\nThe net periodic benefit obligations and the net periodic benefit cost are based on actuarial assumptions that\\nare reviewed on an annual basis. We revise these assumptions based on an annual evaluation of long-term trends,\\nas well as market conditions, which may have an impact on the cost of providing retirement benefits.\\n\\nThe weighted-average assumed healthcare cost trend rate used for post-retirement measurement purposes\\nfor the NASDAQ OMX post-retirement plan is 10.0% and for the NASDAQ OMX PHLX post-retirement plan is\\n8.0% for 2010 and the remaining life of the post-retirement medical plan, which will terminate when the last\\neligible participant (including spouses) reaches the age of 65. A one percent increase or decrease in the assumed\\n\\nF-52\"},\"name\":\"fintabnet.NDAQ_2009_page_163__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":267445,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:NDAQ_2009\",\"dpi\":300,\"gt_sha256\":\"30d4acd8a109499c529bf7d795201ec312020fbff853c4f8e790138df32983db\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NDAQ_2009_page_163__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.NDAQ_2009_page_163\",\"pdf_sha256\":\"24cc054b2951807646ba94e9da39d15a8fa38610718038c3919b73fc4d990a1c\",\"px\":[2475,3225],\"scan\":{\"render\":\"000007e03fbc1d481c0c18083c80380e381c301c3f847ffc3ffc7ffc01780000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"NDAQ_2009_page_163\",\"src\":{\"file_sha256\":\"5b345ca8f301e981293d07cbbba1dfc89221ee7dbf175edacd0fc12661bb0fa2\",\"render\":\"000007e03f8018181c0818083010380c301c381c3f803ffc3ffc3ffc01000000\",\"text\":\"302d461da14ba2caffe7b24c1820948cea71d88b25bdf491a9cf725b39f39eba\"},\"stack\":[{\"deg\":-2.482,\"op\":\"skew\"},{\"amp\":0.223,\"angle\":133.3,\"blob\":0.728,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.61},{\"op\":\"noise\",\"sigma\":14.044},{\"gain\":0.514,\"op\":\"contrast\"},{\"bias\":0.071,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":40}],\"tools\":\"21647cade0ee\"},\"sha256\":\"24cc054b2951807646ba94e9da39d15a8fa38610718038c3919b73fc4d990a1c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/24cc054b2951807646ba94e9da39d15a8fa38610718038c3919b73fc4d990a1c.pdf","asset_sha256":"24cc054b2951807646ba94e9da39d15a8fa38610718038c3919b73fc4d990a1c","document_id":"fintabnet:NDAQ_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NDAQ_2009_page_163\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NEM_2010_page_73\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NEM_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[149.8,113.0,1069.6,191.3],\"lines\":[{\"bbox\":[150.3,113.0,1069.6,141.2],\"text\":\"Copper Sales increased $567 in 2009 compared to 2008 due to 217 million additional pounds sold.\"},{\"bbox\":[150.0,138.1,1033.2,165.9],\"text\":\"For a complete discussion regarding variations in copper volumes, see Results of Consolidated\"},{\"bbox\":[149.8,163.1,315.7,184.0],\"text\":\"Operations below.\"}],\"order\":0,\"text\":\"Copper Sales increased $567 in 2009 compared to 2008 due to 217 million additional pounds sold.\\nFor a complete discussion regarding variations in copper volumes, see Results of Consolidated\\nOperations below.\"},{\"bbox\":[191.1,201.0,867.5,226.8],\"lines\":[{\"bbox\":[191.1,201.0,867.5,226.8],\"text\":\"The following analysis reflects the changes in consolidated copper sales:\"}],\"order\":1,\"text\":\"The following analysis reflects the changes in consolidated copper sales:\"},{\"bbox\":[822.7,239.2,1047.2,279.7],\"lines\":[{\"bbox\":[825.9,239.3,1041.7,256.8],\"text\":\"Years Ended December 31,\"},{\"bbox\":[822.7,262.1,860.0,277.9],\"text\":\"2010\"},{\"bbox\":[917.4,263.1,954.6,278.9],\"text\":\"2009\"},{\"bbox\":[1009.8,263.9,1047.0,279.7],\"text\":\"2008\"}],\"order\":2,\"text\":\"Years Ended December 31,\\n2010\\n2009\\n2008\"},{\"bbox\":[189.7,288.5,788.4,371.9],\"lines\":[{\"bbox\":[190.3,288.5,442.8,310.3],\"text\":\"Consolidated copper sales:\"},{\"bbox\":[210.9,317.9,788.1,342.8],\"text\":\"Gross before provisional pricing . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[210.6,347.1,787.9,371.9],\"text\":\"Provisional pricing mark-to-market gain . . . . . . . . . . . . . . . . . .\"}],\"order\":3,\"text\":\"Consolidated copper sales:\\nGross before provisional pricing . . . . . . . . . . . . . . . . . . . . . . .\\nProvisional pricing mark-to-market gain . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[808.6,323.7,872.8,372.8],\"lines\":[{\"bbox\":[808.9,323.7,872.8,343.6],\"text\":\"$1,842\"},{\"bbox\":[837.4,353.1,872.4,372.8],\"text\":\"120\"}],\"order\":4,\"text\":\"$1,842\\n120\"},{\"bbox\":[903.2,324.6,967.4,373.7],\"lines\":[{\"bbox\":[903.5,324.6,967.4,344.5],\"text\":\"$1,283\"},{\"bbox\":[932.1,354.0,967.0,373.7],\"text\":\"173\"}],\"order\":5,\"text\":\"$1,283\\n173\"},{\"bbox\":[997.9,325.5,1064.2,374.6],\"lines\":[{\"bbox\":[998.2,325.5,1057.4,345.3],\"text\":\"$ 878\"},{\"bbox\":[1026.7,354.9,1063.9,374.6],\"text\":\"(47)\"}],\"order\":6,\"text\":\"$ 878\\n(47)\"},{\"bbox\":[210.0,382.5,787.5,436.6],\"lines\":[{\"bbox\":[210.3,382.5,787.5,407.4],\"text\":\"Gross after provisional pricing . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[210.0,411.7,787.2,436.6],\"text\":\"Less: Treatment and refining charges . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Gross after provisional pricing . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess: Treatment and refining charges . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[819.4,388.4,878.9,437.4],\"lines\":[{\"bbox\":[819.7,388.4,872.0,408.2],\"text\":\"1,962\"},{\"bbox\":[829.8,417.7,878.6,437.4],\"text\":\"(114)\"}],\"order\":8,\"text\":\"1,962\\n(114)\"},{\"bbox\":[914.1,389.3,973.6,438.3],\"lines\":[{\"bbox\":[914.4,389.3,966.7,409.1],\"text\":\"1,456\"},{\"bbox\":[924.5,418.6,973.3,438.3],\"text\":\"(137)\"}],\"order\":9,\"text\":\"1,456\\n(137)\"},{\"bbox\":[1021.6,390.3,1063.6,439.2],\"lines\":[{\"bbox\":[1021.9,390.3,1056.8,410.0],\"text\":\"831\"},{\"bbox\":[1026.1,419.6,1063.3,439.2],\"text\":\"(79)\"}],\"order\":10,\"text\":\"831\\n(79)\"},{\"bbox\":[209.7,447.2,786.9,472.0],\"lines\":[{\"bbox\":[209.7,447.2,786.9,472.0],\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":11,\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[807.6,452.9,871.5,472.8],\"lines\":[{\"bbox\":[807.6,452.9,871.5,472.8],\"text\":\"$1,848\"}],\"order\":12,\"text\":\"$1,848\"},{\"bbox\":[902.3,453.8,966.2,473.7],\"lines\":[{\"bbox\":[902.3,453.8,966.2,473.7],\"text\":\"$1,319\"}],\"order\":13,\"text\":\"$1,319\"},{\"bbox\":[996.9,454.7,1056.2,474.6],\"lines\":[{\"bbox\":[996.9,454.7,1056.2,474.6],\"text\":\"$ 752\"}],\"order\":14,\"text\":\"$ 752\"},{\"bbox\":[187.5,486.5,786.5,599.1],\"lines\":[{\"bbox\":[188.4,486.5,786.5,511.6],\"text\":\"Consolidated copper pounds sold (millions) . . . . . . . . . . . . . . . .\"},{\"bbox\":[188.1,515.7,585.6,538.8],\"text\":\"Average realized copper price (per pound):\"},{\"bbox\":[208.7,545.1,786.0,569.9],\"text\":\"Gross before provisional pricing . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[208.5,574.3,785.7,599.1],\"text\":\"Provisional pricing mark-to-market gain . . . . . . . . . . . . . . . . . .\"}],\"order\":15,\"text\":\"Consolidated copper pounds sold (millions) . . . . . . . . . . . . . . . .\\nAverage realized copper price (per pound):\\nGross before provisional pricing . . . . . . . . . . . . . . . . . . . . . . .\\nProvisional pricing mark-to-market gain . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[836.1,492.8,871.0,512.4],\"lines\":[{\"bbox\":[836.1,492.8,871.0,512.4],\"text\":\"539\"}],\"order\":16,\"text\":\"539\"},{\"bbox\":[930.7,493.7,965.7,513.3],\"lines\":[{\"bbox\":[930.7,493.7,965.7,513.3],\"text\":\"507\"}],\"order\":17,\"text\":\"507\"},{\"bbox\":[1020.9,494.5,1055.8,514.2],\"lines\":[{\"bbox\":[1020.9,494.5,1055.8,514.2],\"text\":\"290\"}],\"order\":18,\"text\":\"290\"},{\"bbox\":[806.4,550.8,870.4,599.9],\"lines\":[{\"bbox\":[806.7,550.8,870.4,570.8],\"text\":\"$ 3.42\"},{\"bbox\":[829.3,580.2,870.1,599.9],\"text\":\"0.22\"}],\"order\":19,\"text\":\"$ 3.42\\n0.22\"},{\"bbox\":[901.0,551.8,965.1,600.8],\"lines\":[{\"bbox\":[901.3,551.8,965.1,571.7],\"text\":\"$ 2.53\"},{\"bbox\":[924.1,581.2,964.8,600.8],\"text\":\"0.33\"}],\"order\":20,\"text\":\"$ 2.53\\n0.33\"},{\"bbox\":[995.7,552.7,1062.1,601.8],\"lines\":[{\"bbox\":[996.0,552.7,1055.1,572.5],\"text\":\"$ 3.03\"},{\"bbox\":[1007.2,582.0,1061.8,601.8],\"text\":\"(0.16)\"}],\"order\":21,\"text\":\"$ 3.03\\n(0.16)\"},{\"bbox\":[207.8,609.7,785.3,663.7],\"lines\":[{\"bbox\":[208.1,609.7,785.3,634.6],\"text\":\"Gross after provisional pricing . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[207.8,638.9,785.1,663.7],\"text\":\"Less: Treatment and refining charges . . . . . . . . . . . . . . . . . . .\"}],\"order\":22,\"text\":\"Gross after provisional pricing . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess: Treatment and refining charges . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[821.8,615.6,876.8,664.6],\"lines\":[{\"bbox\":[829.0,615.7,869.7,635.4],\"text\":\"3.64\"},{\"bbox\":[821.8,644.8,876.5,664.6],\"text\":\"(0.21)\"}],\"order\":23,\"text\":\"3.64\\n(0.21)\"},{\"bbox\":[916.5,616.5,971.4,665.5],\"lines\":[{\"bbox\":[923.7,616.6,964.5,636.3],\"text\":\"2.86\"},{\"bbox\":[916.5,645.7,971.1,665.5],\"text\":\"(0.26)\"}],\"order\":24,\"text\":\"2.86\\n(0.26)\"},{\"bbox\":[1006.5,617.4,1061.4,666.4],\"lines\":[{\"bbox\":[1013.8,617.5,1054.5,637.2],\"text\":\"2.87\"},{\"bbox\":[1006.5,646.6,1061.1,666.4],\"text\":\"(0.28)\"}],\"order\":25,\"text\":\"2.87\\n(0.28)\"},{\"bbox\":[207.5,674.3,784.7,699.2],\"lines\":[{\"bbox\":[207.5,674.3,784.7,699.2],\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":26,\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[805.4,680.1,869.1,700.0],\"lines\":[{\"bbox\":[805.4,680.1,869.1,700.0],\"text\":\"$ 3.43\"}],\"order\":27,\"text\":\"$ 3.43\"},{\"bbox\":[900.1,681.0,963.9,700.9],\"lines\":[{\"bbox\":[900.1,681.0,963.9,700.9],\"text\":\"$ 2.60\"}],\"order\":28,\"text\":\"$ 2.60\"},{\"bbox\":[994.7,681.9,1053.9,701.8],\"lines\":[{\"bbox\":[994.7,681.9,1053.9,701.8],\"text\":\"$ 2.59\"}],\"order\":29,\"text\":\"$ 2.59\"},{\"bbox\":[890.9,760.9,956.5,793.8],\"lines\":[{\"bbox\":[891.1,760.9,956.5,777.0],\"text\":\"2010 vs.\"},{\"bbox\":[905.1,777.8,942.3,793.6],\"text\":\"2009\"}],\"order\":30,\"text\":\"2010 vs.\\n2009\"},{\"bbox\":[987.5,761.9,1053.0,794.7],\"lines\":[{\"bbox\":[987.6,761.9,1053.0,777.9],\"text\":\"2009 vs.\"},{\"bbox\":[1001.6,778.8,1038.9,794.6],\"text\":\"2008\"}],\"order\":31,\"text\":\"2009 vs.\\n2008\"},{\"bbox\":[899.6,810.1,946.6,888.2],\"lines\":[{\"bbox\":[900.1,810.1,946.5,829.9],\"text\":\"$ 88\"},{\"bbox\":[911.3,839.4,946.3,859.1],\"text\":\"418\"},{\"bbox\":[922.6,868.7,946.0,888.2],\"text\":\"23\"}],\"order\":32,\"text\":\"$ 88\\n418\\n23\"},{\"bbox\":[996.1,811.1,1050.0,889.2],\"lines\":[{\"bbox\":[996.7,811.1,1043.2,830.8],\"text\":\"$623\"},{\"bbox\":[1030.9,840.6,1042.7,860.0],\"text\":\"2\"},{\"bbox\":[1012.2,869.6,1049.4,889.2],\"text\":\"(58)\"}],\"order\":33,\"text\":\"$623\\n2\\n(58)\"},{\"bbox\":[899.3,903.9,945.8,923.7],\"lines\":[{\"bbox\":[899.3,903.9,945.8,923.7],\"text\":\"$529\"}],\"order\":34,\"text\":\"$529\"},{\"bbox\":[995.8,904.9,1042.3,924.6],\"lines\":[{\"bbox\":[995.8,904.9,1042.3,924.6],\"text\":\"$567\"}],\"order\":35,\"text\":\"$567\"},{\"bbox\":[186.1,722.0,660.6,745.8],\"lines\":[{\"bbox\":[186.1,722.0,660.6,745.8],\"text\":\"The change in consolidated copper sales is due to:\"}],\"order\":36,\"text\":\"The change in consolidated copper sales is due to:\"},{\"bbox\":[184.8,803.3,869.8,887.5],\"lines\":[{\"bbox\":[185.3,803.3,869.8,829.1],\"text\":\"Increase in consolidated pounds sold . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[185.1,832.5,869.6,858.3],\"text\":\"Increase in average realized copper price . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[184.8,861.6,869.3,887.5],\"text\":\"Decrease (increase) in treatment and refining charges . . . . . . . . . . . . . . .\"}],\"order\":37,\"text\":\"Increase in consolidated pounds sold . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncrease in average realized copper price . . . . . . . . . . . . . . . . . . . . . . . . .\\nDecrease (increase) in treatment and refining charges . . . . . . . . . . . . . . .\"},{\"bbox\":[600.9,1479.1,624.3,1498.6],\"lines\":[{\"bbox\":[600.9,1479.1,624.3,1498.6],\"text\":\"51\"}],\"order\":38,\"text\":\"51\"}],\"doc\":\"fintabnet:NEM_2010\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"Copper Sales increased $567 in 2009 compared to 2008 due to 217 million additional pounds sold.\\nFor a complete discussion regarding variations in copper volumes, see Results of Consolidated\\nOperations below.\\n\\nThe following analysis reflects the changes in consolidated copper sales:\\n\\nYears Ended December 31,\\n2010\\n2009\\n2008\\n\\nConsolidated copper sales:\\nGross before provisional pricing . . . . . . . . . . . . . . . . . . . . . . .\\nProvisional pricing mark-to-market gain . . . . . . . . . . . . . . . . . .\\n\\n$1,842\\n120\\n\\n$1,283\\n173\\n\\n$ 878\\n(47)\\n\\nGross after provisional pricing . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess: Treatment and refining charges . . . . . . . . . . . . . . . . . . .\\n\\n1,962\\n(114)\\n\\n1,456\\n(137)\\n\\n831\\n(79)\\n\\nNet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$1,848\\n\\n$1,319\\n\\n$ 752\\n\\nConsolidated copper pounds sold (millions) . . . . . . . . . . . . . . . .\\nAverage realized copper price (per pound):\\nGross before provisional pricing . . . . . . . . . . . . . . . . . . . . . . .\\nProvisional pricing mark-to-market gain . . . . . . . . . . . . . . . . . .\\n\\n539\\n\\n507\\n\\n290\\n\\n$ 3.42\\n0.22\\n\\n$ 2.53\\n0.33\\n\\n$ 3.03\\n(0.16)\\n\\nGross after provisional pricing . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess: Treatment and refining charges . . . . . . . . . . . . . . . . . . .\\n\\n3.64\\n(0.21)\\n\\n2.86\\n(0.26)\\n\\n2.87\\n(0.28)\\n\\nNet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 3.43\\n\\n$ 2.60\\n\\n$ 2.59\\n\\n2010 vs.\\n2009\\n\\n2009 vs.\\n2008\\n\\n$ 88\\n418\\n23\\n\\n$623\\n2\\n(58)\\n\\n$529\\n\\n$567\\n\\nThe change in consolidated copper sales is due to:\\n\\nIncrease in consolidated pounds sold . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncrease in average realized copper price . . . . . . . . . . . . . . . . . . . . . . . . .\\nDecrease (increase) in treatment and refining charges . . . . . . . . . . . . . . .\\n\\n51\",\"name\":\"fintabnet.NEM_2010_page_73__150dpi_mild\",\"page_id\":\"fintabnet.NEM_2010_page_73\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.551,\"source\":\"fintabnet\",\"source_id\":\"NEM_2010_page_73\",\"stack\":[{\"deg\":-0.551,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":3.523},{\"op\":\"jpeg\",\"q\":90}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[186.6,229.4,1065.1,701.8],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29],\"cells\":null},{\"bbox\":[184.4,750.4,1053.0,924.7],\"block_orders\":[30,31,32,33,34,35,37],\"cells\":null}],\"text\":\"Copper Sales increased $567 in 2009 compared to 2008 due to 217 million additional pounds sold.\\nFor a complete discussion regarding variations in copper volumes, see Results of Consolidated\\nOperations below.\\n\\nThe following analysis reflects the changes in consolidated copper sales:\\n\\nYears Ended December 31,\\n2010\\n2009\\n2008\\n\\nConsolidated copper sales:\\nGross before provisional pricing . . . . . . . . . . . . . . . . . . . . . . .\\nProvisional pricing mark-to-market gain . . . . . . . . . . . . . . . . . .\\n\\n$1,842\\n120\\n\\n$1,283\\n173\\n\\n$ 878\\n(47)\\n\\nGross after provisional pricing . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess: Treatment and refining charges . . . . . . . . . . . . . . . . . . .\\n\\n1,962\\n(114)\\n\\n1,456\\n(137)\\n\\n831\\n(79)\\n\\nNet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$1,848\\n\\n$1,319\\n\\n$ 752\\n\\nConsolidated copper pounds sold (millions) . . . . . . . . . . . . . . . .\\nAverage realized copper price (per pound):\\nGross before provisional pricing . . . . . . . . . . . . . . . . . . . . . . .\\nProvisional pricing mark-to-market gain . . . . . . . . . . . . . . . . . .\\n\\n539\\n\\n507\\n\\n290\\n\\n$ 3.42\\n0.22\\n\\n$ 2.53\\n0.33\\n\\n$ 3.03\\n(0.16)\\n\\nGross after provisional pricing . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess: Treatment and refining charges . . . . . . . . . . . . . . . . . . .\\n\\n3.64\\n(0.21)\\n\\n2.86\\n(0.26)\\n\\n2.87\\n(0.28)\\n\\nNet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 3.43\\n\\n$ 2.60\\n\\n$ 2.59\\n\\n2010 vs.\\n2009\\n\\n2009 vs.\\n2008\\n\\n$ 88\\n418\\n23\\n\\n$623\\n2\\n(58)\\n\\n$529\\n\\n$567\\n\\nThe change in consolidated copper sales is due to:\\n\\nIncrease in consolidated pounds sold . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncrease in average realized copper price . . . . . . . . . . . . . . . . . . . . . . . . .\\nDecrease (increase) in treatment and refining charges . . . . . . . . . . . . . . .\\n\\n51\"},\"name\":\"fintabnet.NEM_2010_page_73__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":348474,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:NEM_2010\",\"dpi\":150,\"gt_sha256\":\"29d1c6342aa781bc6052c4fb80378b21f0bb70607aec3e57f9d24fc459d1fe61\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NEM_2010_page_73\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NKE_2013_page_60\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NKE_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[523.6,31.8,556.8,41.5],\"lines\":[{\"bbox\":[523.6,31.8,556.8,41.5],\"text\":\"PART II\"}],\"order\":0,\"text\":\"PART II\"},{\"bbox\":[45.1,55.2,372.5,79.0],\"lines\":[{\"bbox\":[45.1,55.2,372.5,79.0],\"text\":\"NOTE 11 — Common Stock and Stock-Based Compensation\"}],\"order\":1,\"text\":\"NOTE 11 — Common Stock and Stock-Based Compensation\"},{\"bbox\":[42.0,82.2,290.4,155.8],\"lines\":[{\"bbox\":[44.2,82.2,290.3,98.8],\"text\":\"The authorized number of shares of Class A Common Stock, no par value,\"},{\"bbox\":[43.9,91.7,289.9,108.3],\"text\":\"and Class B Common Stock, no par value, are 200 million and 1,200 million,\"},{\"bbox\":[43.5,101.2,289.6,117.8],\"text\":\"respectively. Each share of Class A Common Stock is convertible into one\"},{\"bbox\":[43.1,110.6,289.2,127.3],\"text\":\"share of Class B Common Stock. Voting rights of Class B Common Stock are\"},{\"bbox\":[42.8,120.1,288.9,136.8],\"text\":\"limited in certain circumstances with respect to the election of directors. There\"},{\"bbox\":[42.4,129.6,288.5,146.3],\"text\":\"are no differences in the dividend and liquidation preferences or participation\"},{\"bbox\":[42.0,139.1,220.8,153.2],\"text\":\"rights of the Class A and Class B common shareholders.\"}],\"order\":2,\"text\":\"The authorized number of shares of Class A Common Stock, no par value,\\nand Class B Common Stock, no par value, are 200 million and 1,200 million,\\nrespectively. Each share of Class A Common Stock is convertible into one\\nshare of Class B Common Stock. Voting rights of Class B Common Stock are\\nlimited in certain circumstances with respect to the election of directors. There\\nare no differences in the dividend and liquidation preferences or participation\\nrights of the Class A and Class B common shareholders.\"},{\"bbox\":[39.3,154.6,287.6,228.3],\"lines\":[{\"bbox\":[41.5,154.6,287.5,171.3],\"text\":\"In 1990, the Board of Directors adopted, and the shareholders approved, the\"},{\"bbox\":[41.1,164.1,287.2,180.8],\"text\":\"NIKE, Inc. 1990 Stock Incentive Plan (the “1990 Plan”). The 1990 Plan\"},{\"bbox\":[40.7,173.6,286.8,190.3],\"text\":\"provides for the issuance of up to 326 million previously unissued shares of\"},{\"bbox\":[40.4,183.1,286.4,199.8],\"text\":\"Class B Common Stock in connection with stock options and other awards\"},{\"bbox\":[40.0,192.6,286.0,209.3],\"text\":\"granted under the plan. The 1990 Plan authorizes the grant of non-statutory\"},{\"bbox\":[39.6,202.1,285.8,218.8],\"text\":\"stock options, incentive stock options, stock appreciation rights, restricted\"},{\"bbox\":[39.3,211.6,285.3,228.3],\"text\":\"stock, restricted stock units, and performance-based awards. The exercise\"}],\"order\":3,\"text\":\"In 1990, the Board of Directors adopted, and the shareholders approved, the\\nNIKE, Inc. 1990 Stock Incentive Plan (the “1990 Plan”). The 1990 Plan\\nprovides for the issuance of up to 326 million previously unissued shares of\\nClass B Common Stock in connection with stock options and other awards\\ngranted under the plan. The 1990 Plan authorizes the grant of non-statutory\\nstock options, incentive stock options, stock appreciation rights, restricted\\nstock, restricted stock units, and performance-based awards. The exercise\"},{\"bbox\":[305.5,92.3,554.1,175.4],\"lines\":[{\"bbox\":[308.0,92.3,554.1,109.0],\"text\":\"price for stock options and stock appreciation rights may not be less than the\"},{\"bbox\":[307.7,101.8,553.7,118.5],\"text\":\"fair market value of the underlying shares on the date of grant. A committee of\"},{\"bbox\":[307.3,111.3,553.4,128.0],\"text\":\"the Board of Directors administers the 1990 Plan. The committee has the\"},{\"bbox\":[306.9,120.8,553.1,137.5],\"text\":\"authority to determine the employees to whom awards will be made, the\"},{\"bbox\":[306.6,130.3,552.7,147.0],\"text\":\"amount of the awards, and the other terms and conditions of the awards.\"},{\"bbox\":[306.2,139.8,552.3,156.4],\"text\":\"Substantially all stock option grants outstanding under the 1990 Plan were\"},{\"bbox\":[305.9,149.3,551.9,165.9],\"text\":\"granted in the first quarter of each fiscal year, vest ratably over four years, and\"},{\"bbox\":[305.5,158.8,425.9,170.6],\"text\":\"expire 10 years from the date of grant.\"}],\"order\":4,\"text\":\"price for stock options and stock appreciation rights may not be less than the\\nfair market value of the underlying shares on the date of grant. A committee of\\nthe Board of Directors administers the 1990 Plan. The committee has the\\nauthority to determine the employees to whom awards will be made, the\\namount of the awards, and the other terms and conditions of the awards.\\nSubstantially all stock option grants outstanding under the 1990 Plan were\\ngranted in the first quarter of each fiscal year, vest ratably over four years, and\\nexpire 10 years from the date of grant.\"},{\"bbox\":[38.8,225.0,478.9,249.1],\"lines\":[{\"bbox\":[38.8,225.0,478.9,249.1],\"text\":\"The following table summarizes the Company’s total stock-based compensation expense recognized in selling and administrative expense:\"}],\"order\":5,\"text\":\"The following table summarizes the Company’s total stock-based compensation expense recognized in selling and administrative expense:\"},{\"bbox\":[39.8,250.4,72.3,257.6],\"lines\":[{\"bbox\":[39.8,250.4,72.3,257.6],\"text\":\"(In millions)\"}],\"order\":6,\"text\":\"(In millions)\"},{\"bbox\":[38.2,260.2,234.5,305.2],\"lines\":[{\"bbox\":[39.4,260.2,92.7,269.4],\"text\":\"Stock options (1)\"},{\"bbox\":[39.0,270.5,63.0,278.6],\"text\":\"ESPPs\"},{\"bbox\":[38.6,280.8,94.8,290.1],\"text\":\"Restricted stock\"},{\"bbox\":[38.2,290.5,233.4,305.2],\"text\":\"TOTAL STOCK-BASED COMPENSATION EXPENSE\"}],\"order\":7,\"text\":\"Stock options (1)\\nESPPs\\nRestricted stock\\nTOTAL STOCK-BASED COMPENSATION EXPENSE\"},{\"bbox\":[336.7,302.0,341.4,309.4],\"lines\":[{\"bbox\":[336.7,302.0,341.4,309.4],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[403.6,252.6,486.9,314.9],\"lines\":[{\"bbox\":[405.6,252.6,479.2,262.4],\"text\":\"Year Ended May 31,\"},{\"bbox\":[448.6,265.3,466.1,272.9],\"text\":\"2012\"},{\"bbox\":[409.5,274.4,414.2,281.8],\"text\":\"$\"},{\"bbox\":[456.5,276.2,465.7,283.8],\"text\":\"96\"},{\"bbox\":[481.4,277.1,486.1,284.6],\"text\":\"$\"},{\"bbox\":[456.1,286.5,465.3,294.1],\"text\":\"16\"},{\"bbox\":[455.7,296.8,464.9,304.4],\"text\":\"18\"},{\"bbox\":[408.3,304.8,413.0,312.2],\"text\":\"$\"},{\"bbox\":[450.9,306.4,464.5,314.1],\"text\":\"130\"},{\"bbox\":[480.2,307.5,484.9,314.9],\"text\":\"$\"}],\"order\":9,\"text\":\"Year Ended May 31,\\n2012\\n$\\n96\\n$\\n16\\n18\\n$\\n130\\n$\"},{\"bbox\":[526.7,268.3,545.8,317.2],\"lines\":[{\"bbox\":[528.3,268.3,545.8,276.0],\"text\":\"2011\"},{\"bbox\":[536.1,279.2,545.3,286.8],\"text\":\"77\"},{\"bbox\":[535.7,289.5,544.9,297.1],\"text\":\"14\"},{\"bbox\":[535.3,299.8,544.5,307.4],\"text\":\"14\"},{\"bbox\":[530.5,309.5,544.1,317.2],\"text\":\"105\"}],\"order\":10,\"text\":\"2011\\n77\\n14\\n14\\n105\"},{\"bbox\":[49.4,306.7,545.6,340.0],\"lines\":[{\"bbox\":[49.7,306.7,545.6,332.0],\"text\":\"Expense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is recorded for employees eligible for accelerated stock option\"},{\"bbox\":[49.4,314.7,486.4,337.8],\"text\":\"vesting upon retirement. Accelerated stock option expense for years ended May 31, 2013, 2012, and 2011 was $22 million, $17 million, and $12 million, respectively.\"}],\"order\":11,\"text\":\"Expense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is recorded for employees eligible for accelerated stock option\\nvesting upon retirement. Accelerated stock option expense for years ended May 31, 2013, 2012, and 2011 was $22 million, $17 million, and $12 million, respectively.\"},{\"bbox\":[567.2,328.6,580.5,395.2],\"lines\":[{\"bbox\":[567.2,328.6,580.5,395.2],\"text\":\"FORM 10-K\"}],\"order\":12,\"text\":\"FORM 10-K\"},{\"bbox\":[35.7,306.1,42.7,312.7],\"lines\":[{\"bbox\":[35.7,306.1,42.7,312.7],\"text\":\"(1)\"}],\"order\":13,\"text\":\"(1)\"},{\"bbox\":[337.8,271.6,342.6,279.0],\"lines\":[{\"bbox\":[337.8,271.6,342.6,279.0],\"text\":\"$\"}],\"order\":14,\"text\":\"$\"},{\"bbox\":[383.1,262.8,402.2,311.7],\"lines\":[{\"bbox\":[384.7,262.8,402.2,270.5],\"text\":\"2013\"},{\"bbox\":[388.1,273.6,401.8,281.3],\"text\":\"123\"},{\"bbox\":[392.2,284.0,401.4,291.6],\"text\":\"19\"},{\"bbox\":[391.8,294.3,401.0,301.9],\"text\":\"32\"},{\"bbox\":[387.0,303.9,400.6,311.7],\"text\":\"174\"}],\"order\":15,\"text\":\"2013\\n123\\n19\\n32\\n174\"},{\"bbox\":[34.5,326.8,544.7,363.1],\"lines\":[{\"bbox\":[34.8,326.8,544.7,353.7],\"text\":\"As of May 31, 2013, the Company had $199 million of unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as\"},{\"bbox\":[34.5,336.3,284.8,353.2],\"text\":\"selling and administrative expense over a weighted average period of 2.3 years.\"}],\"order\":16,\"text\":\"As of May 31, 2013, the Company had $199 million of unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as\\nselling and administrative expense over a weighted average period of 2.3 years.\"},{\"bbox\":[33.6,349.8,543.9,386.1],\"lines\":[{\"bbox\":[34.0,349.8,543.9,376.6],\"text\":\"The weighted average fair value per share of the options granted during the years ended May 31, 2013, 2012, and 2011, as computed using the Black-Scholes\"},{\"bbox\":[33.6,359.3,492.5,384.1],\"text\":\"pricing model, was $12.71, $11.08, and $8.84, respectively. The weighted average assumptions used to estimate these fair values are as follows:\"}],\"order\":17,\"text\":\"The weighted average fair value per share of the options granted during the years ended May 31, 2013, 2012, and 2011, as computed using the Black-Scholes\\npricing model, was $12.71, $11.08, and $8.84, respectively. The weighted average assumptions used to estimate these fair values are as follows:\"},{\"bbox\":[396.1,389.4,487.8,452.1],\"lines\":[{\"bbox\":[414.3,390.0,487.8,399.8],\"text\":\"Year Ended May 31,\"},{\"bbox\":[397.7,400.4,415.2,408.1],\"text\":\"2013\"},{\"bbox\":[460.8,402.8,478.3,410.5],\"text\":\"2012\"},{\"bbox\":[403.4,411.2,421.9,419.2],\"text\":\"1.5%\"},{\"bbox\":[466.5,413.7,485.0,421.6],\"text\":\"1.4%\"},{\"bbox\":[398.5,421.4,421.5,429.5],\"text\":\"35.0%\"},{\"bbox\":[461.7,423.8,484.6,431.9],\"text\":\"29.5%\"},{\"bbox\":[402.6,431.8,414.0,439.5],\"text\":\"5.3\"},{\"bbox\":[465.7,434.3,477.1,441.9],\"text\":\"5.0\"},{\"bbox\":[402.2,441.6,420.7,449.6],\"text\":\"0.6%\"},{\"bbox\":[465.4,444.1,483.9,452.0],\"text\":\"1.4%\"}],\"order\":18,\"text\":\"Year Ended May 31,\\n2013\\n2012\\n1.5%\\n1.4%\\n35.0%\\n29.5%\\n5.3\\n5.0\\n0.6%\\n1.4%\"},{\"bbox\":[33.0,397.1,174.6,440.1],\"lines\":[{\"bbox\":[34.1,397.1,81.8,406.1],\"text\":\"Dividend yield\"},{\"bbox\":[33.7,407.4,95.4,417.0],\"text\":\"Expected volatility\"},{\"bbox\":[33.4,417.7,173.8,430.3],\"text\":\"Weighted average expected life (in years)\"},{\"bbox\":[33.0,427.4,106.4,437.5],\"text\":\"Risk-free interest rate\"}],\"order\":19,\"text\":\"Dividend yield\\nExpected volatility\\nWeighted average expected life (in years)\\nRisk-free interest rate\"},{\"bbox\":[29.3,442.8,276.5,488.0],\"lines\":[{\"bbox\":[30.4,442.8,276.4,459.5],\"text\":\"The Company estimates the expected volatility based on the implied volatility\"},{\"bbox\":[30.0,452.3,276.0,469.0],\"text\":\"in market traded options on the Company’s common stock with a term\"},{\"bbox\":[29.7,461.8,275.7,478.5],\"text\":\"greater than one year, along with other factors. The weighted average\"},{\"bbox\":[29.3,471.3,275.4,488.0],\"text\":\"expected life of options is based on an analysis of historical and expected\"}],\"order\":20,\"text\":\"The Company estimates the expected volatility based on the implied volatility\\nin market traded options on the Company’s common stock with a term\\ngreater than one year, along with other factors. The weighted average\\nexpected life of options is based on an analysis of historical and expected\"},{\"bbox\":[515.4,405.0,541.6,454.1],\"lines\":[{\"bbox\":[517.0,405.0,534.5,412.7],\"text\":\"2011\"},{\"bbox\":[522.7,415.8,541.2,423.8],\"text\":\"1.6%\"},{\"bbox\":[517.8,426.0,540.8,434.1],\"text\":\"31.5%\"},{\"bbox\":[521.9,436.4,533.3,444.1],\"text\":\"5.0\"},{\"bbox\":[521.5,446.2,540.0,454.1],\"text\":\"1.7%\"}],\"order\":21,\"text\":\"2011\\n1.6%\\n31.5%\\n5.0\\n1.7%\"},{\"bbox\":[293.5,452.9,540.3,488.6],\"lines\":[{\"bbox\":[294.2,452.9,540.2,469.6],\"text\":\"future exercise patterns. The interest rate is based on the U.S. Treasury\"},{\"bbox\":[293.8,462.4,540.0,479.1],\"text\":\"(constant maturity) risk-free rate in effect at the date of grant for periods\"},{\"bbox\":[293.5,471.9,461.8,485.6],\"text\":\"corresponding with the expected term of the options.\"}],\"order\":22,\"text\":\"future exercise patterns. The interest rate is based on the U.S. Treasury\\n(constant maturity) risk-free rate in effect at the date of grant for periods\\ncorresponding with the expected term of the options.\"},{\"bbox\":[28.8,484.7,309.7,502.7],\"lines\":[{\"bbox\":[28.8,484.7,309.7,502.7],\"text\":\"The following summarizes the stock option transactions under the plan discussed above:\"}],\"order\":23,\"text\":\"The following summarizes the stock option transactions under the plan discussed above:\"},{\"bbox\":[468.0,514.9,536.2,532.2],\"lines\":[{\"bbox\":[468.3,514.9,536.2,524.4],\"text\":\"Weighted Average\"},{\"bbox\":[489.5,523.5,535.9,532.2],\"text\":\"Option Price\"}],\"order\":24,\"text\":\"Weighted Average\\nOption Price\"},{\"bbox\":[424.1,521.1,455.8,529.2],\"lines\":[{\"bbox\":[424.1,521.1,455.8,529.2],\"text\":\"Shares (1)\"}],\"order\":25,\"text\":\"Shares (1)\"},{\"bbox\":[422.8,532.9,455.3,540.1],\"lines\":[{\"bbox\":[422.8,532.9,455.3,540.1],\"text\":\"(In millions)\"}],\"order\":26,\"text\":\"(In millions)\"},{\"bbox\":[24.3,527.5,149.1,663.9],\"lines\":[{\"bbox\":[29.1,527.5,149.1,539.4],\"text\":\"Options outstanding May 31, 2010\"},{\"bbox\":[32.7,538.0,66.5,546.5],\"text\":\"Exercised\"},{\"bbox\":[32.3,548.3,62.7,556.6],\"text\":\"Forfeited\"},{\"bbox\":[32.0,558.1,60.2,566.4],\"text\":\"Granted\"},{\"bbox\":[27.5,568.7,147.5,580.5],\"text\":\"Options outstanding May 31, 2011\"},{\"bbox\":[31.2,579.1,64.9,587.7],\"text\":\"Exercised\"},{\"bbox\":[30.8,589.4,61.1,597.8],\"text\":\"Forfeited\"},{\"bbox\":[30.4,599.2,58.6,607.5],\"text\":\"Granted\"},{\"bbox\":[26.0,609.9,145.9,621.7],\"text\":\"Options outstanding May 31, 2012\"},{\"bbox\":[29.5,620.8,63.3,629.3],\"text\":\"Exercised\"},{\"bbox\":[29.2,631.1,59.5,639.5],\"text\":\"Forfeited\"},{\"bbox\":[28.8,641.4,57.0,649.7],\"text\":\"Granted\"},{\"bbox\":[24.3,652.0,144.3,663.9],\"text\":\"Options outstanding May 31, 2013\"}],\"order\":27,\"text\":\"Options outstanding May 31, 2010\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2011\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2012\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2013\"},{\"bbox\":[432.4,543.2,456.9,675.7],\"lines\":[{\"bbox\":[439.2,543.3,455.0,551.1],\"text\":\"72.2\"},{\"bbox\":[436.8,553.5,456.5,561.5],\"text\":\"(14.0)\"},{\"bbox\":[440.9,564.0,456.1,571.8],\"text\":\"(1.3)\"},{\"bbox\":[438.0,573.6,453.8,581.5],\"text\":\"12.7\"},{\"bbox\":[437.6,584.4,453.4,592.3],\"text\":\"69.6\"},{\"bbox\":[435.3,594.7,454.9,602.6],\"text\":\"(18.0)\"},{\"bbox\":[439.3,605.1,454.5,612.9],\"text\":\"(1.0)\"},{\"bbox\":[436.4,614.8,452.3,622.7],\"text\":\"13.7\"},{\"bbox\":[436.0,625.6,451.8,633.4],\"text\":\"64.3\"},{\"bbox\":[438.1,636.5,453.3,644.3],\"text\":\"(9.9)\"},{\"bbox\":[437.7,646.8,452.9,654.6],\"text\":\"(1.3)\"},{\"bbox\":[434.8,657.0,450.6,664.8],\"text\":\"14.6\"},{\"bbox\":[434.4,667.8,450.2,675.6],\"text\":\"67.7\"}],\"order\":28,\"text\":\"72.2\\n(14.0)\\n(1.3)\\n12.7\\n69.6\\n(18.0)\\n(1.0)\\n13.7\\n64.3\\n(9.9)\\n(1.3)\\n14.6\\n67.7\"},{\"bbox\":[457.9,668.7,462.7,676.1],\"lines\":[{\"bbox\":[457.9,668.7,462.7,676.1],\"text\":\"$\"}],\"order\":29,\"text\":\"$\"},{\"bbox\":[510.0,546.2,535.1,678.7],\"lines\":[{\"bbox\":[514.8,546.2,535.1,554.2],\"text\":\"23.30\"},{\"bbox\":[514.4,556.5,534.7,564.5],\"text\":\"21.35\"},{\"bbox\":[514.0,566.8,534.3,574.8],\"text\":\"29.03\"},{\"bbox\":[513.6,576.6,533.9,584.6],\"text\":\"34.60\"},{\"bbox\":[513.2,587.3,533.5,595.3],\"text\":\"25.65\"},{\"bbox\":[512.8,597.6,533.1,605.6],\"text\":\"22.81\"},{\"bbox\":[512.4,607.9,532.7,615.9],\"text\":\"35.61\"},{\"bbox\":[512.0,617.7,532.3,625.7],\"text\":\"45.87\"},{\"bbox\":[511.6,628.5,531.9,636.5],\"text\":\"30.59\"},{\"bbox\":[511.2,639.3,531.5,647.3],\"text\":\"24.70\"},{\"bbox\":[510.8,649.6,531.1,657.6],\"text\":\"40.14\"},{\"bbox\":[510.4,659.9,530.7,667.9],\"text\":\"46.55\"},{\"bbox\":[510.0,670.7,530.3,678.7],\"text\":\"34.72\"}],\"order\":30,\"text\":\"23.30\\n21.35\\n29.03\\n34.60\\n25.65\\n22.81\\n35.61\\n45.87\\n30.59\\n24.70\\n40.14\\n46.55\\n34.72\"},{\"bbox\":[22.5,669.8,130.3,712.0],\"lines\":[{\"bbox\":[23.7,669.8,130.3,681.1],\"text\":\"Options exercisable at May 31,\"},{\"bbox\":[27.3,680.3,45.3,688.2],\"text\":\"2011\"},{\"bbox\":[26.9,690.6,44.9,698.5],\"text\":\"2012\"},{\"bbox\":[26.5,700.8,44.5,708.8],\"text\":\"2013\"}],\"order\":31,\"text\":\"Options exercisable at May 31,\\n2011\\n2012\\n2013\"},{\"bbox\":[432.5,695.9,461.6,724.8],\"lines\":[{\"bbox\":[433.3,695.9,461.6,704.2],\"text\":\"40.1 $\"},{\"bbox\":[432.9,706.2,448.8,714.0],\"text\":\"33.9\"},{\"bbox\":[432.5,716.4,448.4,724.3],\"text\":\"35.9\"}],\"order\":32,\"text\":\"40.1 $\\n33.9\\n35.9\"},{\"bbox\":[508.1,698.8,529.2,727.4],\"lines\":[{\"bbox\":[508.9,698.8,529.2,706.8],\"text\":\"22.03\"},{\"bbox\":[508.5,709.1,528.8,717.1],\"text\":\"24.38\"},{\"bbox\":[508.1,719.3,528.4,727.4],\"text\":\"27.70\"}],\"order\":33,\"text\":\"22.03\\n24.38\\n27.70\"},{\"bbox\":[19.9,716.3,26.9,722.9],\"lines\":[{\"bbox\":[19.9,716.3,26.9,722.9],\"text\":\"(1)\"}],\"order\":34,\"text\":\"(1)\"},{\"bbox\":[462.7,544.2,467.4,551.6],\"lines\":[{\"bbox\":[462.7,544.2,467.4,551.6],\"text\":\"$\"}],\"order\":35,\"text\":\"$\"},{\"bbox\":[461.1,585.3,465.9,592.8],\"lines\":[{\"bbox\":[461.1,585.3,465.9,592.8],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[459.5,626.5,464.3,633.9],\"lines\":[{\"bbox\":[459.5,626.5,464.3,633.9],\"text\":\"$\"}],\"order\":37,\"text\":\"$\"},{\"bbox\":[33.9,716.8,159.5,727.9],\"lines\":[{\"bbox\":[33.9,716.8,159.5,727.9],\"text\":\"Includes stock appreciation rights transactions.\"}],\"order\":38,\"text\":\"Includes stock appreciation rights transactions.\"},{\"bbox\":[300.9,750.7,340.1,759.4],\"lines\":[{\"bbox\":[300.9,750.7,340.1,759.4],\"text\":\"NIKE, INC.\"}],\"order\":39,\"text\":\"NIKE, INC.\"},{\"bbox\":[355.6,752.8,528.9,766.7],\"lines\":[{\"bbox\":[355.6,752.8,528.9,766.7],\"text\":\"2013 Annual Report and Notice of Annual Meeting\"}],\"order\":40,\"text\":\"2013 Annual Report and Notice of Annual Meeting\"},{\"bbox\":[537.6,759.8,551.2,767.6],\"lines\":[{\"bbox\":[537.6,759.8,551.2,767.6],\"text\":\"105\"}],\"order\":41,\"text\":\"105\"}],\"doc\":\"fintabnet:NKE_2013\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"PART II\\n\\nNOTE 11 — Common Stock and Stock-Based Compensation\\n\\nThe authorized number of shares of Class A Common Stock, no par value,\\nand Class B Common Stock, no par value, are 200 million and 1,200 million,\\nrespectively. Each share of Class A Common Stock is convertible into one\\nshare of Class B Common Stock. Voting rights of Class B Common Stock are\\nlimited in certain circumstances with respect to the election of directors. There\\nare no differences in the dividend and liquidation preferences or participation\\nrights of the Class A and Class B common shareholders.\\n\\nIn 1990, the Board of Directors adopted, and the shareholders approved, the\\nNIKE, Inc. 1990 Stock Incentive Plan (the “1990 Plan”). The 1990 Plan\\nprovides for the issuance of up to 326 million previously unissued shares of\\nClass B Common Stock in connection with stock options and other awards\\ngranted under the plan. The 1990 Plan authorizes the grant of non-statutory\\nstock options, incentive stock options, stock appreciation rights, restricted\\nstock, restricted stock units, and performance-based awards. The exercise\\n\\nprice for stock options and stock appreciation rights may not be less than the\\nfair market value of the underlying shares on the date of grant. A committee of\\nthe Board of Directors administers the 1990 Plan. The committee has the\\nauthority to determine the employees to whom awards will be made, the\\namount of the awards, and the other terms and conditions of the awards.\\nSubstantially all stock option grants outstanding under the 1990 Plan were\\ngranted in the first quarter of each fiscal year, vest ratably over four years, and\\nexpire 10 years from the date of grant.\\n\\nThe following table summarizes the Company’s total stock-based compensation expense recognized in selling and administrative expense:\\n\\n(In millions)\\n\\nStock options (1)\\nESPPs\\nRestricted stock\\nTOTAL STOCK-BASED COMPENSATION EXPENSE\\n\\n$\\n\\nYear Ended May 31,\\n2012\\n$\\n96\\n$\\n16\\n18\\n$\\n130\\n$\\n\\n2011\\n77\\n14\\n14\\n105\\n\\nExpense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is recorded for employees eligible for accelerated stock option\\nvesting upon retirement. Accelerated stock option expense for years ended May 31, 2013, 2012, and 2011 was $22 million, $17 million, and $12 million, respectively.\\n\\nFORM 10-K\\n\\n(1)\\n\\n$\\n\\n2013\\n123\\n19\\n32\\n174\\n\\nAs of May 31, 2013, the Company had $199 million of unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as\\nselling and administrative expense over a weighted average period of 2.3 years.\\n\\nThe weighted average fair value per share of the options granted during the years ended May 31, 2013, 2012, and 2011, as computed using the Black-Scholes\\npricing model, was $12.71, $11.08, and $8.84, respectively. The weighted average assumptions used to estimate these fair values are as follows:\\n\\nYear Ended May 31,\\n2013\\n2012\\n1.5%\\n1.4%\\n35.0%\\n29.5%\\n5.3\\n5.0\\n0.6%\\n1.4%\\n\\nDividend yield\\nExpected volatility\\nWeighted average expected life (in years)\\nRisk-free interest rate\\n\\nThe Company estimates the expected volatility based on the implied volatility\\nin market traded options on the Company’s common stock with a term\\ngreater than one year, along with other factors. The weighted average\\nexpected life of options is based on an analysis of historical and expected\\n\\n2011\\n1.6%\\n31.5%\\n5.0\\n1.7%\\n\\nfuture exercise patterns. The interest rate is based on the U.S. Treasury\\n(constant maturity) risk-free rate in effect at the date of grant for periods\\ncorresponding with the expected term of the options.\\n\\nThe following summarizes the stock option transactions under the plan discussed above:\\n\\nWeighted Average\\nOption Price\\n\\nShares (1)\\n\\n(In millions)\\n\\nOptions outstanding May 31, 2010\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2011\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2012\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2013\\n\\n72.2\\n(14.0)\\n(1.3)\\n12.7\\n69.6\\n(18.0)\\n(1.0)\\n13.7\\n64.3\\n(9.9)\\n(1.3)\\n14.6\\n67.7\\n\\n$\\n\\n23.30\\n21.35\\n29.03\\n34.60\\n25.65\\n22.81\\n35.61\\n45.87\\n30.59\\n24.70\\n40.14\\n46.55\\n34.72\\n\\nOptions exercisable at May 31,\\n2011\\n2012\\n2013\\n\\n40.1 $\\n33.9\\n35.9\\n\\n22.03\\n24.38\\n27.70\\n\\n(1)\\n\\n$\\n\\n$\\n\\n$\\n\\nIncludes stock appreciation rights transactions.\\n\\nNIKE, INC.\\n\\n2013 Annual Report and Notice of Annual Meeting\\n\\n105\",\"name\":\"fintabnet.NKE_2013_page_60__72dpi_heavy\",\"page_id\":\"fintabnet.NKE_2013_page_60\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.2,\"source\":\"fintabnet\",\"source_id\":\"NKE_2013_page_60\",\"stack\":[{\"deg\":-2.2,\"op\":\"skew\"},{\"amp\":0.187,\"angle\":269.2,\"blob\":0.422,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":6.945,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":10.161},{\"gain\":0.523,\"op\":\"contrast\"},{\"bias\":0.116,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":40}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[33.0,373.4,542.1,454.3],\"block_orders\":[18,19,21],\"cells\":null}],\"text\":\"PART II\\n\\nNOTE 11 — Common Stock and Stock-Based Compensation\\n\\nThe authorized number of shares of Class A Common Stock, no par value,\\nand Class B Common Stock, no par value, are 200 million and 1,200 million,\\nrespectively. Each share of Class A Common Stock is convertible into one\\nshare of Class B Common Stock. Voting rights of Class B Common Stock are\\nlimited in certain circumstances with respect to the election of directors. There\\nare no differences in the dividend and liquidation preferences or participation\\nrights of the Class A and Class B common shareholders.\\n\\nIn 1990, the Board of Directors adopted, and the shareholders approved, the\\nNIKE, Inc. 1990 Stock Incentive Plan (the “1990 Plan”). The 1990 Plan\\nprovides for the issuance of up to 326 million previously unissued shares of\\nClass B Common Stock in connection with stock options and other awards\\ngranted under the plan. The 1990 Plan authorizes the grant of non-statutory\\nstock options, incentive stock options, stock appreciation rights, restricted\\nstock, restricted stock units, and performance-based awards. The exercise\\n\\nprice for stock options and stock appreciation rights may not be less than the\\nfair market value of the underlying shares on the date of grant. A committee of\\nthe Board of Directors administers the 1990 Plan. The committee has the\\nauthority to determine the employees to whom awards will be made, the\\namount of the awards, and the other terms and conditions of the awards.\\nSubstantially all stock option grants outstanding under the 1990 Plan were\\ngranted in the first quarter of each fiscal year, vest ratably over four years, and\\nexpire 10 years from the date of grant.\\n\\nThe following table summarizes the Company’s total stock-based compensation expense recognized in selling and administrative expense:\\n\\n(In millions)\\n\\nStock options (1)\\nESPPs\\nRestricted stock\\nTOTAL STOCK-BASED COMPENSATION EXPENSE\\n\\n$\\n\\nYear Ended May 31,\\n2012\\n$\\n96\\n$\\n16\\n18\\n$\\n130\\n$\\n\\n2011\\n77\\n14\\n14\\n105\\n\\nExpense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is recorded for employees eligible for accelerated stock option\\nvesting upon retirement. Accelerated stock option expense for years ended May 31, 2013, 2012, and 2011 was $22 million, $17 million, and $12 million, respectively.\\n\\nFORM 10-K\\n\\n(1)\\n\\n$\\n\\n2013\\n123\\n19\\n32\\n174\\n\\nAs of May 31, 2013, the Company had $199 million of unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as\\nselling and administrative expense over a weighted average period of 2.3 years.\\n\\nThe weighted average fair value per share of the options granted during the years ended May 31, 2013, 2012, and 2011, as computed using the Black-Scholes\\npricing model, was $12.71, $11.08, and $8.84, respectively. The weighted average assumptions used to estimate these fair values are as follows:\\n\\nYear Ended May 31,\\n2013\\n2012\\n1.5%\\n1.4%\\n35.0%\\n29.5%\\n5.3\\n5.0\\n0.6%\\n1.4%\\n\\nDividend yield\\nExpected volatility\\nWeighted average expected life (in years)\\nRisk-free interest rate\\n\\nThe Company estimates the expected volatility based on the implied volatility\\nin market traded options on the Company’s common stock with a term\\ngreater than one year, along with other factors. The weighted average\\nexpected life of options is based on an analysis of historical and expected\\n\\n2011\\n1.6%\\n31.5%\\n5.0\\n1.7%\\n\\nfuture exercise patterns. The interest rate is based on the U.S. Treasury\\n(constant maturity) risk-free rate in effect at the date of grant for periods\\ncorresponding with the expected term of the options.\\n\\nThe following summarizes the stock option transactions under the plan discussed above:\\n\\nWeighted Average\\nOption Price\\n\\nShares (1)\\n\\n(In millions)\\n\\nOptions outstanding May 31, 2010\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2011\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2012\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2013\\n\\n72.2\\n(14.0)\\n(1.3)\\n12.7\\n69.6\\n(18.0)\\n(1.0)\\n13.7\\n64.3\\n(9.9)\\n(1.3)\\n14.6\\n67.7\\n\\n$\\n\\n23.30\\n21.35\\n29.03\\n34.60\\n25.65\\n22.81\\n35.61\\n45.87\\n30.59\\n24.70\\n40.14\\n46.55\\n34.72\\n\\nOptions exercisable at May 31,\\n2011\\n2012\\n2013\\n\\n40.1 $\\n33.9\\n35.9\\n\\n22.03\\n24.38\\n27.70\\n\\n(1)\\n\\n$\\n\\n$\\n\\n$\\n\\nIncludes stock appreciation rights transactions.\\n\\nNIKE, INC.\\n\\n2013 Annual Report and Notice of Annual Meeting\\n\\n105\"},\"name\":\"fintabnet.NKE_2013_page_60__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":12248,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:NKE_2013\",\"dpi\":72,\"gt_sha256\":\"af36e138a927d441e0ab6830c0c60da7edbc92d84959a704e91793409544a59a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NKE_2013_page_60__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.NKE_2013_page_60\",\"pdf_sha256\":\"963fae668fb9731c10496be8d439bf982460cd1cc1619ec65b8f1c50404636f1\",\"px\":[594,774],\"scan\":{\"render\":\"00007fc07ffe7f707f0040787ffe7ffd70387ffe6004700c400c700060000014\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"NKE_2013_page_60\",\"src\":{\"file_sha256\":\"004112e4ff324031551a4a632584a472b218dee06382ae22773a98b4f7e58c72\",\"render\":\"00005fc07efc7c007f00407c7ffe7f09787e7ef800047ffe7ffe7ffe703a0000\",\"text\":\"e6bda17edd03c574eb544036de17000d78653dad952e3101ff4f41fd9f6de482\"},\"stack\":[{\"deg\":-2.2,\"op\":\"skew\"},{\"amp\":0.187,\"angle\":269.2,\"blob\":0.422,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":6.945,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":10.161},{\"gain\":0.523,\"op\":\"contrast\"},{\"bias\":0.116,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":40}],\"tools\":\"21647cade0ee\"},\"sha256\":\"963fae668fb9731c10496be8d439bf982460cd1cc1619ec65b8f1c50404636f1\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/963fae668fb9731c10496be8d439bf982460cd1cc1619ec65b8f1c50404636f1.pdf","asset_sha256":"963fae668fb9731c10496be8d439bf982460cd1cc1619ec65b8f1c50404636f1","document_id":"fintabnet:NKE_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NKE_2013_page_60\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NKE_2014_page_63\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NKE_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[99.4,52.8,168.1,70.9],\"lines\":[{\"bbox\":[99.4,52.8,168.1,70.9],\"text\":\"PART II\"}],\"order\":0,\"text\":\"PART II\"},{\"bbox\":[100.2,134.1,782.3,163.9],\"lines\":[{\"bbox\":[100.2,134.1,782.3,163.9],\"text\":\"NOTE 11 — Common Stock and Stock-Based Compensation\"}],\"order\":1,\"text\":\"NOTE 11 — Common Stock and Stock-Based Compensation\"},{\"bbox\":[100.7,190.5,614.6,329.0],\"lines\":[{\"bbox\":[100.7,190.5,613.4,210.2],\"text\":\"The authorized number of shares of Class A Common Stock, no par value,\"},{\"bbox\":[100.9,210.3,613.5,230.0],\"text\":\"and Class B Common Stock, no par value, are 200 million and 1,200 million,\"},{\"bbox\":[101.1,230.1,613.9,249.8],\"text\":\"respectively. Each share of Class A Common Stock is convertible into one\"},{\"bbox\":[101.2,249.9,614.1,269.6],\"text\":\"share of Class B Common Stock. Voting rights of Class B Common Stock are\"},{\"bbox\":[101.4,269.7,614.2,289.4],\"text\":\"limited in certain circumstances with respect to the election of directors. There\"},{\"bbox\":[101.6,289.5,614.4,309.2],\"text\":\"are no differences in the dividend and liquidation preferences or participation\"},{\"bbox\":[101.8,310.5,474.2,329.0],\"text\":\"rights of the Class A and Class B common shareholders.\"}],\"order\":2,\"text\":\"The authorized number of shares of Class A Common Stock, no par value,\\nand Class B Common Stock, no par value, are 200 million and 1,200 million,\\nrespectively. Each share of Class A Common Stock is convertible into one\\nshare of Class B Common Stock. Voting rights of Class B Common Stock are\\nlimited in certain circumstances with respect to the election of directors. There\\nare no differences in the dividend and liquidation preferences or participation\\nrights of the Class A and Class B common shareholders.\"},{\"bbox\":[102.1,341.6,616.0,480.1],\"lines\":[{\"bbox\":[102.1,341.6,614.9,361.3],\"text\":\"In 1990, the Board of Directors adopted, and the shareholders approved, the\"},{\"bbox\":[102.3,361.4,615.1,381.1],\"text\":\"NIKE, Inc. 1990 Stock Incentive Plan (the “1990 Plan”). The 1990 Plan, as\"},{\"bbox\":[102.4,381.2,615.2,400.9],\"text\":\"amended, provides for the issuance of up to 326 million previously unissued\"},{\"bbox\":[102.6,400.9,615.5,420.7],\"text\":\"shares of Class B Common Stock in connection with stock options and other\"},{\"bbox\":[102.8,420.7,615.6,440.5],\"text\":\"awards granted under the plan. The 1990 Plan authorizes the grant of non-\"},{\"bbox\":[103.0,440.5,615.7,460.3],\"text\":\"statutory stock options, incentive stock options, stock appreciation rights,\"},{\"bbox\":[103.2,460.3,616.0,480.1],\"text\":\"restricted stock, restricted stock units, and performance-based awards. The\"}],\"order\":3,\"text\":\"In 1990, the Board of Directors adopted, and the shareholders approved, the\\nNIKE, Inc. 1990 Stock Incentive Plan (the “1990 Plan”). The 1990 Plan, as\\namended, provides for the issuance of up to 326 million previously unissued\\nshares of Class B Common Stock in connection with stock options and other\\nawards granted under the plan. The 1990 Plan authorizes the grant of non-\\nstatutory stock options, incentive stock options, stock appreciation rights,\\nrestricted stock, restricted stock units, and performance-based awards. The\"},{\"bbox\":[650.9,185.5,1165.0,343.8],\"lines\":[{\"bbox\":[650.9,185.5,1163.7,205.2],\"text\":\"exercise price for stock options and stock appreciation rights may not be less\"},{\"bbox\":[651.1,205.3,1163.8,225.0],\"text\":\"than the fair market value of the underlying shares on the date of grant. A\"},{\"bbox\":[651.3,225.0,1164.1,244.8],\"text\":\"committee of the Board of Directors administers the 1990 Plan. The\"},{\"bbox\":[651.4,244.8,1164.2,264.6],\"text\":\"committee has the authority to determine the employees to whom awards will\"},{\"bbox\":[651.6,264.6,1164.4,284.4],\"text\":\"be made, the amount of the awards, and the other terms and conditions of\"},{\"bbox\":[651.8,284.4,1164.6,304.2],\"text\":\"the awards. Substantially all stock option grants outstanding under the 1990\"},{\"bbox\":[652.0,304.2,1164.8,324.0],\"text\":\"Plan were granted in the first quarter of each fiscal year, vest ratably over four\"},{\"bbox\":[652.2,325.8,975.2,343.8],\"text\":\"years, and expire 10 years from the date of grant.\"}],\"order\":4,\"text\":\"exercise price for stock options and stock appreciation rights may not be less\\nthan the fair market value of the underlying shares on the date of grant. A\\ncommittee of the Board of Directors administers the 1990 Plan. The\\ncommittee has the authority to determine the employees to whom awards will\\nbe made, the amount of the awards, and the other terms and conditions of\\nthe awards. Substantially all stock option grants outstanding under the 1990\\nPlan were granted in the first quarter of each fiscal year, vest ratably over four\\nyears, and expire 10 years from the date of grant.\"},{\"bbox\":[103.5,490.9,1057.3,514.7],\"lines\":[{\"bbox\":[103.5,490.9,1057.3,514.7],\"text\":\"The following table summarizes the Company’s total stock-based compensation expense recognized in Total selling and administrative expense:\"}],\"order\":5,\"text\":\"The following table summarizes the Company’s total stock-based compensation expense recognized in Total selling and administrative expense:\"},{\"bbox\":[777.2,543.3,813.2,558.3],\"lines\":[{\"bbox\":[777.2,543.3,813.2,558.3],\"text\":\"2014\"}],\"order\":6,\"text\":\"2014\"},{\"bbox\":[108.1,551.0,175.5,564.0],\"lines\":[{\"bbox\":[108.1,551.0,175.5,564.0],\"text\":\"(In millions)\"}],\"order\":7,\"text\":\"(In millions)\"},{\"bbox\":[108.3,568.6,515.4,651.8],\"lines\":[{\"bbox\":[108.3,571.3,219.1,587.4],\"text\":\"Stock options (1)\"},{\"bbox\":[108.5,593.7,158.1,609.3],\"text\":\"ESPPs\"},{\"bbox\":[108.7,615.0,225.5,631.2],\"text\":\"Restricted stock\"},{\"bbox\":[108.9,633.2,515.4,651.8],\"text\":\"TOTAL STOCK-BASED COMPENSATION EXPENSE\"}],\"order\":8,\"text\":\"Stock options (1)\\nESPPs\\nRestricted stock\\nTOTAL STOCK-BASED COMPENSATION EXPENSE\"},{\"bbox\":[105.0,668.8,119.2,682.2],\"lines\":[{\"bbox\":[105.0,668.8,119.2,682.2],\"text\":\"(1)\"}],\"order\":9,\"text\":\"(1)\"},{\"bbox\":[728.9,566.6,738.4,581.7],\"lines\":[{\"bbox\":[728.9,566.6,738.4,581.7],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[729.5,631.2,738.9,646.3],\"lines\":[{\"bbox\":[729.5,631.2,738.9,646.3],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[833.5,518.3,1040.1,645.4],\"lines\":[{\"bbox\":[869.1,518.5,1022.0,534.4],\"text\":\"Year Ended May 31,\"},{\"bbox\":[919.4,542.0,955.5,557.0],\"text\":\"2013\"},{\"bbox\":[833.9,565.2,887.8,580.8],\"text\":\"125 $\"},{\"bbox\":[968.9,564.2,996.9,579.5],\"text\":\"123\"},{\"bbox\":[1030.1,563.8,1039.5,579.0],\"text\":\"$\"},{\"bbox\":[843.4,587.3,862.0,602.6],\"text\":\"22\"},{\"bbox\":[978.4,586.1,997.1,601.3],\"text\":\"19\"},{\"bbox\":[843.6,609.2,862.2,624.4],\"text\":\"30\"},{\"bbox\":[978.6,608.0,997.3,623.2],\"text\":\"32\"},{\"bbox\":[834.5,629.8,888.4,645.4],\"text\":\"177 $\"},{\"bbox\":[969.5,628.8,997.5,644.1],\"text\":\"174\"},{\"bbox\":[1030.7,628.4,1040.1,643.6],\"text\":\"$\"}],\"order\":12,\"text\":\"Year Ended May 31,\\n2013\\n125 $\\n123\\n$\\n22\\n19\\n30\\n32\\n177 $\\n174\\n$\"},{\"bbox\":[1078.3,540.6,1114.4,555.5],\"lines\":[{\"bbox\":[1078.3,540.6,1114.4,555.5],\"text\":\"2012\"}],\"order\":13,\"text\":\"2012\"},{\"bbox\":[1135.0,562.7,1163.6,642.6],\"lines\":[{\"bbox\":[1144.3,562.7,1163.0,577.9],\"text\":\"96\"},{\"bbox\":[1144.5,584.6,1163.2,599.8],\"text\":\"16\"},{\"bbox\":[1144.7,606.4,1163.4,621.7],\"text\":\"18\"},{\"bbox\":[1135.6,627.3,1163.6,642.6],\"text\":\"130\"}],\"order\":14,\"text\":\"96\\n16\\n18\\n130\"},{\"bbox\":[134.2,659.3,1168.2,698.6],\"lines\":[{\"bbox\":[134.2,659.3,1168.1,681.9],\"text\":\"Expense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is recorded for employees eligible for accelerated stock option\"},{\"bbox\":[134.3,677.0,1045.4,698.6],\"text\":\"vesting upon retirement. Accelerated stock option expense for years ended May 31, 2014, 2013, and 2012 was $15 million, $22 million, and $17 million, respectively.\"}],\"order\":15,\"text\":\"Expense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is recorded for employees eligible for accelerated stock option\\nvesting upon retirement. Accelerated stock option expense for years ended May 31, 2014, 2013, and 2012 was $15 million, $22 million, and $17 million, respectively.\"},{\"bbox\":[105.4,701.8,1168.6,746.4],\"lines\":[{\"bbox\":[105.4,701.8,1168.4,726.6],\"text\":\"As of May 31, 2014, the Company had $179 million of unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as\"},{\"bbox\":[105.6,726.6,627.2,746.4],\"text\":\"selling and administrative expense over a weighted average period of 2.1 years.\"}],\"order\":16,\"text\":\"As of May 31, 2014, the Company had $179 million of unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as\\nselling and administrative expense over a weighted average period of 2.1 years.\"},{\"bbox\":[105.8,749.0,1169.0,793.6],\"lines\":[{\"bbox\":[105.8,749.0,1168.9,773.8],\"text\":\"The weighted average fair value per share of the options granted during the years ended May 31, 2014, 2013, and 2012, as computed using the Black-Scholes\"},{\"bbox\":[106.0,769.7,1071.4,793.6],\"text\":\"pricing model, was $14.89, $12.71, and $11.08, respectively. The weighted average assumptions used to estimate these fair values are as follows:\"}],\"order\":17,\"text\":\"The weighted average fair value per share of the options granted during the years ended May 31, 2014, 2013, and 2012, as computed using the Black-Scholes\\npricing model, was $14.89, $12.71, and $11.08, respectively. The weighted average assumptions used to estimate these fair values are as follows:\"},{\"bbox\":[871.3,802.2,1055.4,927.4],\"lines\":[{\"bbox\":[901.5,802.2,1054.4,818.1],\"text\":\"Year Ended May 31,\"},{\"bbox\":[967.5,825.6,1003.5,840.6],\"text\":\"2013\"},{\"bbox\":[881.0,848.5,919.1,864.0],\"text\":\"1.3%\"},{\"bbox\":[1012.7,847.3,1050.8,862.8],\"text\":\"1.5%\"},{\"bbox\":[871.9,870.0,919.3,885.5],\"text\":\"27.9%\"},{\"bbox\":[1003.6,868.8,1051.0,884.3],\"text\":\"35.0%\"},{\"bbox\":[881.4,891.6,904.7,906.9],\"text\":\"5.3\"},{\"bbox\":[1013.1,890.4,1036.4,905.7],\"text\":\"5.3\"},{\"bbox\":[881.5,911.9,919.7,927.3],\"text\":\"1.3%\"},{\"bbox\":[1013.3,910.7,1051.4,926.1],\"text\":\"0.6%\"}],\"order\":18,\"text\":\"Year Ended May 31,\\n2013\\n1.3%\\n1.5%\\n27.9%\\n35.0%\\n5.3\\n5.3\\n1.3%\\n0.6%\"},{\"bbox\":[835.7,826.8,871.8,841.8],\"lines\":[{\"bbox\":[835.7,826.8,871.8,841.8],\"text\":\"2014\"}],\"order\":19,\"text\":\"2014\"},{\"bbox\":[110.9,853.3,403.9,934.4],\"lines\":[{\"bbox\":[110.9,855.0,209.9,871.0],\"text\":\"Dividend yield\"},{\"bbox\":[111.1,876.2,239.3,892.5],\"text\":\"Expected volatility\"},{\"bbox\":[111.3,896.2,403.7,913.9],\"text\":\"Weighted average expected life (in years)\"},{\"bbox\":[111.5,917.9,264.3,934.4],\"text\":\"Risk-free interest rate\"}],\"order\":20,\"text\":\"Dividend yield\\nExpected volatility\\nWeighted average expected life (in years)\\nRisk-free interest rate\"},{\"bbox\":[107.6,946.2,620.9,1025.4],\"lines\":[{\"bbox\":[107.6,946.2,620.3,966.0],\"text\":\"The Company estimates the expected volatility based on the implied volatility\"},{\"bbox\":[107.8,966.0,620.4,985.8],\"text\":\"in market traded options on the Company’s common stock with a term\"},{\"bbox\":[108.0,985.8,620.7,1005.6],\"text\":\"greater than 1 year, along with other factors. The weighted average expected\"},{\"bbox\":[108.1,1005.6,620.9,1025.4],\"text\":\"life of options is based on an analysis of historical and expected future\"}],\"order\":21,\"text\":\"The Company estimates the expected volatility based on the implied volatility\\nin market traded options on the Company’s common stock with a term\\ngreater than 1 year, along with other factors. The weighted average expected\\nlife of options is based on an analysis of historical and expected future\"},{\"bbox\":[1084.6,824.6,1120.6,839.5],\"lines\":[{\"bbox\":[1084.6,824.6,1120.6,839.5],\"text\":\"2012\"}],\"order\":22,\"text\":\"2012\"},{\"bbox\":[1120.5,846.3,1168.5,925.1],\"lines\":[{\"bbox\":[1129.8,846.3,1167.9,861.7],\"text\":\"1.4%\"},{\"bbox\":[1120.7,867.7,1168.1,883.3],\"text\":\"29.5%\"},{\"bbox\":[1130.2,889.3,1153.5,904.6],\"text\":\"5.0\"},{\"bbox\":[1130.4,909.6,1168.5,925.1],\"text\":\"1.4%\"}],\"order\":23,\"text\":\"1.4%\\n29.5%\\n5.0\\n1.4%\"},{\"bbox\":[657.8,941.2,1171.0,1000.5],\"lines\":[{\"bbox\":[657.8,941.2,1170.7,960.9],\"text\":\"exercise patterns. The interest rate is based on the U.S. Treasury (constant\"},{\"bbox\":[658.0,961.0,1170.8,980.7],\"text\":\"maturity) risk-free rate in effect at the date of grant for periods corresponding\"},{\"bbox\":[658.2,983.2,908.1,1000.5],\"text\":\"with the expected term of the options.\"}],\"order\":24,\"text\":\"exercise patterns. The interest rate is based on the U.S. Treasury (constant\\nmaturity) risk-free rate in effect at the date of grant for periods corresponding\\nwith the expected term of the options.\"},{\"bbox\":[108.4,1032.3,693.9,1052.8],\"lines\":[{\"bbox\":[108.4,1032.3,693.9,1052.8],\"text\":\"The following summarizes the stock option transactions under the plan discussed above:\"}],\"order\":25,\"text\":\"The following summarizes the stock option transactions under the plan discussed above:\"},{\"bbox\":[1021.7,1054.9,1162.9,1086.9],\"lines\":[{\"bbox\":[1021.7,1054.9,1162.8,1070.6],\"text\":\"Weighted Average\"},{\"bbox\":[1044.3,1071.3,1140.6,1086.7],\"text\":\"Option Price\"}],\"order\":26,\"text\":\"Weighted Average\\nOption Price\"},{\"bbox\":[902.6,1072.9,968.3,1088.0],\"lines\":[{\"bbox\":[902.6,1072.9,968.3,1088.0],\"text\":\"Shares (1)\"}],\"order\":27,\"text\":\"Shares (1)\"},{\"bbox\":[906.3,1097.7,973.6,1110.6],\"lines\":[{\"bbox\":[906.3,1097.7,973.6,1110.6],\"text\":\"(In millions)\"}],\"order\":28,\"text\":\"(In millions)\"},{\"bbox\":[113.4,1123.5,365.5,1400.5],\"lines\":[{\"bbox\":[113.4,1123.5,363.2,1140.9],\"text\":\"Options outstanding May 31, 2011\"},{\"bbox\":[121.9,1146.5,191.8,1162.3],\"text\":\"Exercised\"},{\"bbox\":[122.1,1168.1,184.9,1183.7],\"text\":\"Forfeited\"},{\"bbox\":[122.3,1188.5,180.8,1204.1],\"text\":\"Granted\"},{\"bbox\":[114.1,1209.4,363.9,1226.7],\"text\":\"Options outstanding May 31, 2012\"},{\"bbox\":[122.7,1232.4,192.6,1248.1],\"text\":\"Exercised\"},{\"bbox\":[122.9,1253.9,185.7,1269.6],\"text\":\"Forfeited\"},{\"bbox\":[123.1,1274.4,181.6,1290.0],\"text\":\"Granted\"},{\"bbox\":[114.9,1295.2,364.7,1312.6],\"text\":\"Options outstanding May 31, 2013\"},{\"bbox\":[123.5,1319.3,193.4,1335.0],\"text\":\"Exercised\"},{\"bbox\":[123.7,1340.8,186.5,1356.5],\"text\":\"Forfeited\"},{\"bbox\":[123.9,1362.3,182.4,1377.9],\"text\":\"Granted\"},{\"bbox\":[115.7,1383.2,365.5,1400.5],\"text\":\"Options outstanding May 31, 2014\"}],\"order\":29,\"text\":\"Options outstanding May 31, 2011\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2012\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2013\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2014\"},{\"bbox\":[964.5,1117.6,1007.5,1392.8],\"lines\":[{\"bbox\":[968.6,1117.7,1001.1,1133.1],\"text\":\"69.6\"},{\"bbox\":[964.7,1139.1,1005.3,1154.6],\"text\":\"(18.0)\"},{\"bbox\":[974.2,1160.6,1005.5,1175.9],\"text\":\"(1.0)\"},{\"bbox\":[969.1,1181.0,1001.7,1196.4],\"text\":\"13.7\"},{\"bbox\":[969.3,1203.5,1001.9,1218.9],\"text\":\"64.3\"},{\"bbox\":[974.7,1225.0,1006.1,1240.3],\"text\":\"(9.9)\"},{\"bbox\":[974.9,1246.4,1006.3,1261.8],\"text\":\"(1.3)\"},{\"bbox\":[969.9,1266.9,1002.5,1282.3],\"text\":\"14.6\"},{\"bbox\":[970.1,1289.4,1002.7,1304.8],\"text\":\"67.7\"},{\"bbox\":[966.3,1311.9,1006.9,1327.3],\"text\":\"(11.0)\"},{\"bbox\":[975.7,1333.3,1007.1,1348.7],\"text\":\"(1.3)\"},{\"bbox\":[980.0,1354.8,1003.3,1370.1],\"text\":\"8.1\"},{\"bbox\":[970.9,1377.3,1003.5,1392.7],\"text\":\"63.5\"}],\"order\":30,\"text\":\"69.6\\n(18.0)\\n(1.0)\\n13.7\\n64.3\\n(9.9)\\n(1.3)\\n14.6\\n67.7\\n(11.0)\\n(1.3)\\n8.1\\n63.5\"},{\"bbox\":[1020.0,1377.1,1029.4,1392.3],\"lines\":[{\"bbox\":[1020.0,1377.1,1029.4,1392.3],\"text\":\"$\"}],\"order\":31,\"text\":\"$\"},{\"bbox\":[1126.2,1116.2,1170.4,1391.3],\"lines\":[{\"bbox\":[1126.2,1116.2,1168.1,1131.6],\"text\":\"25.65\"},{\"bbox\":[1126.4,1137.6,1168.3,1153.1],\"text\":\"22.81\"},{\"bbox\":[1126.6,1159.1,1168.5,1174.6],\"text\":\"35.61\"},{\"bbox\":[1126.8,1179.5,1168.7,1195.0],\"text\":\"45.87\"},{\"bbox\":[1127.0,1202.0,1168.9,1217.5],\"text\":\"30.59\"},{\"bbox\":[1127.2,1223.5,1169.1,1238.9],\"text\":\"24.70\"},{\"bbox\":[1127.4,1244.9,1169.2,1260.4],\"text\":\"40.14\"},{\"bbox\":[1127.6,1265.4,1169.4,1280.8],\"text\":\"46.55\"},{\"bbox\":[1127.8,1287.9,1169.6,1303.3],\"text\":\"34.72\"},{\"bbox\":[1128.0,1310.4,1169.8,1325.8],\"text\":\"28.29\"},{\"bbox\":[1128.2,1331.8,1170.0,1347.3],\"text\":\"48.33\"},{\"bbox\":[1128.4,1353.3,1170.2,1368.8],\"text\":\"63.54\"},{\"bbox\":[1128.6,1375.8,1170.4,1391.3],\"text\":\"39.28\"}],\"order\":32,\"text\":\"25.65\\n22.81\\n35.61\\n45.87\\n30.59\\n24.70\\n40.14\\n46.55\\n34.72\\n28.29\\n48.33\\n63.54\\n39.28\"},{\"bbox\":[116.1,1420.5,338.7,1502.0],\"lines\":[{\"bbox\":[116.1,1420.5,338.1,1437.6],\"text\":\"Options exercisable at May 31,\"},{\"bbox\":[124.6,1443.6,161.8,1459.0],\"text\":\"2012\"},{\"bbox\":[124.8,1465.0,162.0,1480.5],\"text\":\"2013\"},{\"bbox\":[125.0,1486.5,162.2,1501.9],\"text\":\"2014\"}],\"order\":33,\"text\":\"Options exercisable at May 31,\\n2012\\n2013\\n2014\"},{\"bbox\":[971.5,1435.7,1030.3,1494.2],\"lines\":[{\"bbox\":[971.5,1435.7,1030.0,1451.3],\"text\":\"33.9 $\"},{\"bbox\":[971.7,1457.4,1004.2,1472.7],\"text\":\"35.9\"},{\"bbox\":[971.9,1478.8,1004.4,1494.2],\"text\":\"37.0\"}],\"order\":34,\"text\":\"33.9 $\\n35.9\\n37.0\"},{\"bbox\":[1129.1,1434.4,1171.4,1492.8],\"lines\":[{\"bbox\":[1129.1,1434.4,1171.0,1449.8],\"text\":\"24.38\"},{\"bbox\":[1129.3,1455.8,1171.2,1471.3],\"text\":\"27.70\"},{\"bbox\":[1129.5,1477.3,1171.4,1492.8],\"text\":\"31.42\"}],\"order\":35,\"text\":\"24.38\\n27.70\\n31.42\"},{\"bbox\":[112.8,1518.8,127.0,1532.2],\"lines\":[{\"bbox\":[112.8,1518.8,127.0,1532.2],\"text\":\"(1)\"}],\"order\":36,\"text\":\"(1)\"},{\"bbox\":[66.6,1568.4,94.6,1583.7],\"lines\":[{\"bbox\":[66.6,1568.4,94.6,1583.7],\"text\":\"106\"}],\"order\":37,\"text\":\"106\"},{\"bbox\":[142.0,1516.3,403.5,1531.9],\"lines\":[{\"bbox\":[142.0,1516.3,403.5,1531.9],\"text\":\"Includes stock appreciation rights transactions.\"}],\"order\":38,\"text\":\"Includes stock appreciation rights transactions.\"},{\"bbox\":[1017.6,1117.4,1027.0,1132.6],\"lines\":[{\"bbox\":[1017.6,1117.4,1027.0,1132.6],\"text\":\"$\"}],\"order\":39,\"text\":\"$\"},{\"bbox\":[1018.4,1203.3,1027.8,1218.5],\"lines\":[{\"bbox\":[1018.4,1203.3,1027.8,1218.5],\"text\":\"$\"}],\"order\":40,\"text\":\"$\"},{\"bbox\":[1019.2,1289.2,1028.6,1304.3],\"lines\":[{\"bbox\":[1019.2,1289.2,1028.6,1304.3],\"text\":\"$\"}],\"order\":41,\"text\":\"$\"}],\"doc\":\"fintabnet:NKE_2014\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"PART II\\n\\nNOTE 11 — Common Stock and Stock-Based Compensation\\n\\nThe authorized number of shares of Class A Common Stock, no par value,\\nand Class B Common Stock, no par value, are 200 million and 1,200 million,\\nrespectively. Each share of Class A Common Stock is convertible into one\\nshare of Class B Common Stock. Voting rights of Class B Common Stock are\\nlimited in certain circumstances with respect to the election of directors. There\\nare no differences in the dividend and liquidation preferences or participation\\nrights of the Class A and Class B common shareholders.\\n\\nIn 1990, the Board of Directors adopted, and the shareholders approved, the\\nNIKE, Inc. 1990 Stock Incentive Plan (the “1990 Plan”). The 1990 Plan, as\\namended, provides for the issuance of up to 326 million previously unissued\\nshares of Class B Common Stock in connection with stock options and other\\nawards granted under the plan. The 1990 Plan authorizes the grant of non-\\nstatutory stock options, incentive stock options, stock appreciation rights,\\nrestricted stock, restricted stock units, and performance-based awards. The\\n\\nexercise price for stock options and stock appreciation rights may not be less\\nthan the fair market value of the underlying shares on the date of grant. A\\ncommittee of the Board of Directors administers the 1990 Plan. The\\ncommittee has the authority to determine the employees to whom awards will\\nbe made, the amount of the awards, and the other terms and conditions of\\nthe awards. Substantially all stock option grants outstanding under the 1990\\nPlan were granted in the first quarter of each fiscal year, vest ratably over four\\nyears, and expire 10 years from the date of grant.\\n\\nThe following table summarizes the Company’s total stock-based compensation expense recognized in Total selling and administrative expense:\\n\\n2014\\n\\n(In millions)\\n\\nStock options (1)\\nESPPs\\nRestricted stock\\nTOTAL STOCK-BASED COMPENSATION EXPENSE\\n\\n(1)\\n\\n$\\n\\n$\\n\\nYear Ended May 31,\\n2013\\n125 $\\n123\\n$\\n22\\n19\\n30\\n32\\n177 $\\n174\\n$\\n\\n2012\\n\\n96\\n16\\n18\\n130\\n\\nExpense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is recorded for employees eligible for accelerated stock option\\nvesting upon retirement. Accelerated stock option expense for years ended May 31, 2014, 2013, and 2012 was $15 million, $22 million, and $17 million, respectively.\\n\\nAs of May 31, 2014, the Company had $179 million of unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as\\nselling and administrative expense over a weighted average period of 2.1 years.\\n\\nThe weighted average fair value per share of the options granted during the years ended May 31, 2014, 2013, and 2012, as computed using the Black-Scholes\\npricing model, was $14.89, $12.71, and $11.08, respectively. The weighted average assumptions used to estimate these fair values are as follows:\\n\\nYear Ended May 31,\\n2013\\n1.3%\\n1.5%\\n27.9%\\n35.0%\\n5.3\\n5.3\\n1.3%\\n0.6%\\n\\n2014\\n\\nDividend yield\\nExpected volatility\\nWeighted average expected life (in years)\\nRisk-free interest rate\\n\\nThe Company estimates the expected volatility based on the implied volatility\\nin market traded options on the Company’s common stock with a term\\ngreater than 1 year, along with other factors. The weighted average expected\\nlife of options is based on an analysis of historical and expected future\\n\\n2012\\n\\n1.4%\\n29.5%\\n5.0\\n1.4%\\n\\nexercise patterns. The interest rate is based on the U.S. Treasury (constant\\nmaturity) risk-free rate in effect at the date of grant for periods corresponding\\nwith the expected term of the options.\\n\\nThe following summarizes the stock option transactions under the plan discussed above:\\n\\nWeighted Average\\nOption Price\\n\\nShares (1)\\n\\n(In millions)\\n\\nOptions outstanding May 31, 2011\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2012\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2013\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2014\\n\\n69.6\\n(18.0)\\n(1.0)\\n13.7\\n64.3\\n(9.9)\\n(1.3)\\n14.6\\n67.7\\n(11.0)\\n(1.3)\\n8.1\\n63.5\\n\\n$\\n\\n25.65\\n22.81\\n35.61\\n45.87\\n30.59\\n24.70\\n40.14\\n46.55\\n34.72\\n28.29\\n48.33\\n63.54\\n39.28\\n\\nOptions exercisable at May 31,\\n2012\\n2013\\n2014\\n\\n33.9 $\\n35.9\\n37.0\\n\\n24.38\\n27.70\\n31.42\\n\\n(1)\\n\\n106\\n\\nIncludes stock appreciation rights transactions.\\n\\n$\\n\\n$\\n\\n$\",\"name\":\"fintabnet.NKE_2014_page_63__150dpi_mild\",\"page_id\":\"fintabnet.NKE_2014_page_63\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.523,\"source\":\"fintabnet\",\"source_id\":\"NKE_2014_page_63\",\"stack\":[{\"deg\":0.523,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":3.221},{\"op\":\"jpeg\",\"q\":73}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[110.4,797.0,1168.5,934.7],\"block_orders\":[18,19,20,22,23],\"cells\":null}],\"text\":\"PART II\\n\\nNOTE 11 — Common Stock and Stock-Based Compensation\\n\\nThe authorized number of shares of Class A Common Stock, no par value,\\nand Class B Common Stock, no par value, are 200 million and 1,200 million,\\nrespectively. Each share of Class A Common Stock is convertible into one\\nshare of Class B Common Stock. Voting rights of Class B Common Stock are\\nlimited in certain circumstances with respect to the election of directors. There\\nare no differences in the dividend and liquidation preferences or participation\\nrights of the Class A and Class B common shareholders.\\n\\nIn 1990, the Board of Directors adopted, and the shareholders approved, the\\nNIKE, Inc. 1990 Stock Incentive Plan (the “1990 Plan”). The 1990 Plan, as\\namended, provides for the issuance of up to 326 million previously unissued\\nshares of Class B Common Stock in connection with stock options and other\\nawards granted under the plan. The 1990 Plan authorizes the grant of non-\\nstatutory stock options, incentive stock options, stock appreciation rights,\\nrestricted stock, restricted stock units, and performance-based awards. The\\n\\nexercise price for stock options and stock appreciation rights may not be less\\nthan the fair market value of the underlying shares on the date of grant. A\\ncommittee of the Board of Directors administers the 1990 Plan. The\\ncommittee has the authority to determine the employees to whom awards will\\nbe made, the amount of the awards, and the other terms and conditions of\\nthe awards. Substantially all stock option grants outstanding under the 1990\\nPlan were granted in the first quarter of each fiscal year, vest ratably over four\\nyears, and expire 10 years from the date of grant.\\n\\nThe following table summarizes the Company’s total stock-based compensation expense recognized in Total selling and administrative expense:\\n\\n2014\\n\\n(In millions)\\n\\nStock options (1)\\nESPPs\\nRestricted stock\\nTOTAL STOCK-BASED COMPENSATION EXPENSE\\n\\n(1)\\n\\n$\\n\\n$\\n\\nYear Ended May 31,\\n2013\\n125 $\\n123\\n$\\n22\\n19\\n30\\n32\\n177 $\\n174\\n$\\n\\n2012\\n\\n96\\n16\\n18\\n130\\n\\nExpense for stock options includes the expense associated with stock appreciation rights. Accelerated stock option expense is recorded for employees eligible for accelerated stock option\\nvesting upon retirement. Accelerated stock option expense for years ended May 31, 2014, 2013, and 2012 was $15 million, $22 million, and $17 million, respectively.\\n\\nAs of May 31, 2014, the Company had $179 million of unrecognized compensation costs from stock options, net of estimated forfeitures, to be recognized as\\nselling and administrative expense over a weighted average period of 2.1 years.\\n\\nThe weighted average fair value per share of the options granted during the years ended May 31, 2014, 2013, and 2012, as computed using the Black-Scholes\\npricing model, was $14.89, $12.71, and $11.08, respectively. The weighted average assumptions used to estimate these fair values are as follows:\\n\\nYear Ended May 31,\\n2013\\n1.3%\\n1.5%\\n27.9%\\n35.0%\\n5.3\\n5.3\\n1.3%\\n0.6%\\n\\n2014\\n\\nDividend yield\\nExpected volatility\\nWeighted average expected life (in years)\\nRisk-free interest rate\\n\\nThe Company estimates the expected volatility based on the implied volatility\\nin market traded options on the Company’s common stock with a term\\ngreater than 1 year, along with other factors. The weighted average expected\\nlife of options is based on an analysis of historical and expected future\\n\\n2012\\n\\n1.4%\\n29.5%\\n5.0\\n1.4%\\n\\nexercise patterns. The interest rate is based on the U.S. Treasury (constant\\nmaturity) risk-free rate in effect at the date of grant for periods corresponding\\nwith the expected term of the options.\\n\\nThe following summarizes the stock option transactions under the plan discussed above:\\n\\nWeighted Average\\nOption Price\\n\\nShares (1)\\n\\n(In millions)\\n\\nOptions outstanding May 31, 2011\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2012\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2013\\nExercised\\nForfeited\\nGranted\\nOptions outstanding May 31, 2014\\n\\n69.6\\n(18.0)\\n(1.0)\\n13.7\\n64.3\\n(9.9)\\n(1.3)\\n14.6\\n67.7\\n(11.0)\\n(1.3)\\n8.1\\n63.5\\n\\n$\\n\\n25.65\\n22.81\\n35.61\\n45.87\\n30.59\\n24.70\\n40.14\\n46.55\\n34.72\\n28.29\\n48.33\\n63.54\\n39.28\\n\\nOptions exercisable at May 31,\\n2012\\n2013\\n2014\\n\\n33.9 $\\n35.9\\n37.0\\n\\n24.38\\n27.70\\n31.42\\n\\n(1)\\n\\n106\\n\\nIncludes stock appreciation rights transactions.\\n\\n$\\n\\n$\\n\\n$\"},\"name\":\"fintabnet.NKE_2014_page_63__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":307363,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:NKE_2014\",\"dpi\":150,\"gt_sha256\":\"46bf3e2a79b951a8296f6f517f8d20c49df2faa1a4f5d74875b1b8f14f3923fe\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NKE_2014_page_63__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.NKE_2014_page_63\",\"pdf_sha256\":\"6c93935a7f996a23c56a3716fb221c64f6454e7496b6afc86a5312bb925ff665\",\"px\":[1238,1613],\"scan\":{\"render\":\"00001fc07ffe7f007f00607e7ffe3ffc203e7ffe00067ffe781e7ffe701a0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"NKE_2014_page_63\",\"src\":{\"file_sha256\":\"66bee63032aefe738dbbb2efc852fc057f290770c7a9130435d0ef9c57dbe06e\",\"render\":\"00003fc07f7e3c007f00007e7ffe3f08783e7f7e00067ffe7ffe7ffe701a0000\",\"text\":\"ffd73850e66b94cbd7b48a54734956b9f2beced16d9f7b695ccbc3b2ce4740a5\"},\"stack\":[{\"deg\":0.523,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":3.221},{\"op\":\"jpeg\",\"q\":73}],\"tools\":\"21647cade0ee\"},\"sha256\":\"6c93935a7f996a23c56a3716fb221c64f6454e7496b6afc86a5312bb925ff665\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/6c93935a7f996a23c56a3716fb221c64f6454e7496b6afc86a5312bb925ff665.pdf","asset_sha256":"6c93935a7f996a23c56a3716fb221c64f6454e7496b6afc86a5312bb925ff665","document_id":"fintabnet:NKE_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NKE_2014_page_63\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NKE_2014_page_66\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NKE_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[2125.6,97.5,2262.6,132.4],\"lines\":[{\"bbox\":[2125.6,97.5,2262.6,132.4],\"text\":\"PART II\"}],\"order\":0,\"text\":\"PART II\"},{\"bbox\":[137.5,265.8,1166.1,296.0],\"lines\":[{\"bbox\":[137.5,265.8,1166.1,296.0],\"text\":\"Summarized results of the Company’s discontinued operations are as follows:\"}],\"order\":1,\"text\":\"Summarized results of the Company’s discontinued operations are as follows:\"},{\"bbox\":[1687.3,333.2,2263.5,583.5],\"lines\":[{\"bbox\":[1817.9,333.2,2123.4,362.1],\"text\":\"Year Ended May 31,\"},{\"bbox\":[1735.2,379.0,1807.0,408.3],\"text\":\"2014\"},{\"bbox\":[1942.7,379.0,2014.5,408.3],\"text\":\"2013\"},{\"bbox\":[2150.2,379.0,2222.0,408.3],\"text\":\"2012\"},{\"bbox\":[1687.3,424.1,1705.8,454.3],\"text\":\"$\"},{\"bbox\":[1805.8,424.1,1891.0,454.3],\"text\":\"— $\"},{\"bbox\":[1991.0,424.1,2098.5,454.3],\"text\":\"523 $\"},{\"bbox\":[2198.5,424.1,2254.1,454.3],\"text\":\"796\"},{\"bbox\":[1805.8,465.8,1839.2,496.0],\"text\":\"—\"},{\"bbox\":[1991.0,465.8,2046.6,496.0],\"text\":\"108\"},{\"bbox\":[2209.0,465.8,2262.1,496.0],\"text\":\"(43)\"},{\"bbox\":[1805.8,509.5,1839.2,539.7],\"text\":\"—\"},{\"bbox\":[2009.6,509.5,2046.7,539.7],\"text\":\"87\"},{\"bbox\":[2235.6,509.5,2254.2,539.7],\"text\":\"3\"},{\"bbox\":[1687.3,553.3,1705.8,583.5],\"text\":\"$\"},{\"bbox\":[1805.8,553.3,1891.0,583.5],\"text\":\"— $\"},{\"bbox\":[2009.6,553.3,2098.5,583.5],\"text\":\"21 $\"},{\"bbox\":[2207.9,553.3,2263.5,583.5],\"text\":\"(46)\"}],\"order\":2,\"text\":\"Year Ended May 31,\\n2014\\n2013\\n2012\\n$\\n— $\\n523 $\\n796\\n—\\n108\\n(43)\\n—\\n87\\n3\\n$\\n— $\\n21 $\\n(46)\"},{\"bbox\":[145.8,382.7,280.3,407.4],\"lines\":[{\"bbox\":[145.8,382.7,280.3,407.4],\"text\":\"(In millions)\"}],\"order\":3,\"text\":\"(In millions)\"},{\"bbox\":[145.8,424.1,899.5,583.1],\"lines\":[{\"bbox\":[145.8,424.1,287.2,454.3],\"text\":\"Revenues\"},{\"bbox\":[145.8,465.8,634.7,496.0],\"text\":\"Income (loss) before income taxes\"},{\"bbox\":[145.8,509.5,434.5,539.7],\"text\":\"Income tax expense\"},{\"bbox\":[145.8,553.3,899.5,583.1],\"text\":\"Net income (loss) from discontinued operations\"}],\"order\":4,\"text\":\"Revenues\\nIncome (loss) before income taxes\\nIncome tax expense\\nNet income (loss) from discontinued operations\"},{\"bbox\":[137.5,630.4,2262.5,700.1],\"lines\":[{\"bbox\":[137.5,630.4,2262.5,660.5],\"text\":\"As of May 31, 2014 and 2013, the aggregate components of liabilities classified as discontinued operations and included in Total current liabilities consisted of the\"},{\"bbox\":[137.5,670.0,263.6,700.1],\"text\":\"following:\"}],\"order\":5,\"text\":\"As of May 31, 2014 and 2013, the aggregate components of liabilities classified as discontinued operations and included in Total current liabilities consisted of the\\nfollowing:\"},{\"bbox\":[1931.9,729.0,2254.2,937.6],\"lines\":[{\"bbox\":[1989.8,729.0,2196.1,758.0],\"text\":\"As of May 31,\"},{\"bbox\":[1979.8,774.9,2051.6,804.1],\"text\":\"2014\"},{\"bbox\":[2150.2,774.9,2222.0,804.1],\"text\":\"2013\"},{\"bbox\":[1931.9,820.0,1950.4,850.1],\"text\":\"$\"},{\"bbox\":[2050.4,820.0,2135.6,850.1],\"text\":\"— $\"},{\"bbox\":[2235.6,820.0,2254.2,850.1],\"text\":\"1\"},{\"bbox\":[2050.4,863.7,2083.8,893.9],\"text\":\"—\"},{\"bbox\":[2217.1,863.7,2254.2,893.9],\"text\":\"17\"},{\"bbox\":[1931.9,907.5,1950.4,937.6],\"text\":\"$\"},{\"bbox\":[2050.4,907.5,2135.6,937.6],\"text\":\"— $\"},{\"bbox\":[2217.1,907.5,2254.2,937.6],\"text\":\"18\"}],\"order\":6,\"text\":\"As of May 31,\\n2014\\n2013\\n$\\n— $\\n1\\n—\\n17\\n$\\n— $\\n18\"},{\"bbox\":[145.8,778.6,280.3,803.3],\"lines\":[{\"bbox\":[145.8,778.6,280.3,803.3],\"text\":\"(In millions)\"}],\"order\":7,\"text\":\"(In millions)\"},{\"bbox\":[145.8,820.0,453.1,937.3],\"lines\":[{\"bbox\":[145.8,820.0,402.6,850.1],\"text\":\"Accounts payable\"},{\"bbox\":[145.8,863.7,392.1,893.9],\"text\":\"Accrued liabilities\"},{\"bbox\":[145.8,907.5,453.1,937.3],\"text\":\"TOTAL LIABILITIES\"}],\"order\":8,\"text\":\"Accounts payable\\nAccrued liabilities\\nTOTAL LIABILITIES\"},{\"bbox\":[137.5,984.5,1298.0,1014.7],\"lines\":[{\"bbox\":[137.5,984.5,1298.0,1014.7],\"text\":\"There were no assets of discontinued operations as of May 31, 2014 and May 31, 2013.\"}],\"order\":9,\"text\":\"There were no assets of discontinued operations as of May 31, 2014 and May 31, 2013.\"},{\"bbox\":[137.5,1104.5,1156.9,1151.6],\"lines\":[{\"bbox\":[137.5,1104.5,1156.9,1151.6],\"text\":\"NOTE 16 — Commitments and Contingencies\"}],\"order\":10,\"text\":\"NOTE 16 — Commitments and Contingencies\"},{\"bbox\":[145.8,1386.6,386.6,1460.5],\"lines\":[{\"bbox\":[145.8,1386.6,386.6,1416.8],\"text\":\"Operating leases\"},{\"bbox\":[145.8,1430.4,344.8,1460.5],\"text\":\"Capital leases\"}],\"order\":11,\"text\":\"Operating leases\\nCapital leases\"},{\"bbox\":[1028.1,1386.6,1046.7,1460.5],\"lines\":[{\"bbox\":[1028.1,1386.6,1046.6,1416.8],\"text\":\"$\"},{\"bbox\":[1028.1,1430.4,1046.7,1460.5],\"text\":\"$\"}],\"order\":12,\"text\":\"$\\n$\"},{\"bbox\":[1062.7,1341.5,1168.9,1460.5],\"lines\":[{\"bbox\":[1062.7,1341.5,1134.5,1370.8],\"text\":\"2015\"},{\"bbox\":[1113.3,1386.6,1168.9,1416.8],\"text\":\"427\"},{\"bbox\":[1131.9,1430.4,1168.9,1460.5],\"text\":\"36\"}],\"order\":13,\"text\":\"2015\\n427\\n36\"},{\"bbox\":[137.5,1505.4,1162.8,1654.3],\"lines\":[{\"bbox\":[137.5,1505.4,1162.6,1535.5],\"text\":\"As of May 31, 2014 and 2013, the Company had letters of credit outstanding\"},{\"bbox\":[137.5,1545.0,1162.8,1575.1],\"text\":\"totaling $135 million and $149 million, respectively. These letters of credit\"},{\"bbox\":[137.5,1584.5,1162.5,1614.7],\"text\":\"were generally issued for the purchase of inventory and guarantees of the\"},{\"bbox\":[137.5,1624.1,1123.6,1654.3],\"text\":\"Company’s performance under certain self-insurance and other programs.\"}],\"order\":14,\"text\":\"As of May 31, 2014 and 2013, the Company had letters of credit outstanding\\ntotaling $135 million and $149 million, respectively. These letters of credit\\nwere generally issued for the purchase of inventory and guarantees of the\\nCompany’s performance under certain self-insurance and other programs.\"},{\"bbox\":[137.5,1688.7,1162.8,1916.8],\"lines\":[{\"bbox\":[137.5,1688.7,1162.8,1718.9],\"text\":\"In connection with various contracts and agreements, the Company provides\"},{\"bbox\":[137.5,1728.3,1162.6,1758.5],\"text\":\"routine indemnification relating to the enforceability of intellectual property\"},{\"bbox\":[137.5,1767.9,1162.5,1798.0],\"text\":\"rights, coverage for legal issues that arise and other items where the\"},{\"bbox\":[137.5,1807.5,1162.3,1837.6],\"text\":\"Company is acting as the guarantor. Currently, the Company has several\"},{\"bbox\":[137.5,1847.0,1162.4,1877.2],\"text\":\"such agreements in place. However, based on the Company’s historical\"},{\"bbox\":[137.5,1886.6,1162.5,1916.8],\"text\":\"experience and the estimated probability of future loss, the Company has\"}],\"order\":15,\"text\":\"In connection with various contracts and agreements, the Company provides\\nroutine indemnification relating to the enforceability of intellectual property\\nrights, coverage for legal issues that arise and other items where the\\nCompany is acting as the guarantor. Currently, the Company has several\\nsuch agreements in place. However, based on the Company’s historical\\nexperience and the estimated probability of future loss, the Company has\"},{\"bbox\":[1202.3,1386.6,1220.8,1460.5],\"lines\":[{\"bbox\":[1202.3,1386.6,1220.8,1416.8],\"text\":\"$\"},{\"bbox\":[1202.3,1430.4,1220.8,1460.5],\"text\":\"$\"}],\"order\":16,\"text\":\"$\\n$\"},{\"bbox\":[1236.9,1341.5,1343.1,1460.5],\"lines\":[{\"bbox\":[1236.9,1341.5,1308.7,1370.8],\"text\":\"2016\"},{\"bbox\":[1287.5,1386.6,1343.1,1416.8],\"text\":\"399\"},{\"bbox\":[1306.0,1430.4,1343.1,1460.5],\"text\":\"35\"}],\"order\":17,\"text\":\"2016\\n399\\n35\"},{\"bbox\":[1376.4,1386.6,1395.0,1460.5],\"lines\":[{\"bbox\":[1376.4,1386.6,1395.0,1416.8],\"text\":\"$\"},{\"bbox\":[1376.5,1430.4,1395.0,1460.5],\"text\":\"$\"}],\"order\":18,\"text\":\"$\\n$\"},{\"bbox\":[1411.0,1341.5,1517.3,1460.5],\"lines\":[{\"bbox\":[1411.0,1341.5,1482.9,1370.8],\"text\":\"2017\"},{\"bbox\":[1461.6,1386.6,1517.3,1416.8],\"text\":\"366\"},{\"bbox\":[1498.8,1430.4,1517.3,1460.5],\"text\":\"1\"}],\"order\":19,\"text\":\"2017\\n366\\n1\"},{\"bbox\":[1550.6,1386.6,1569.2,1460.5],\"lines\":[{\"bbox\":[1550.6,1386.6,1569.1,1416.8],\"text\":\"$\"},{\"bbox\":[1550.6,1430.4,1569.2,1460.5],\"text\":\"$\"}],\"order\":20,\"text\":\"$\\n$\"},{\"bbox\":[1585.2,1341.5,1691.5,1460.5],\"lines\":[{\"bbox\":[1585.2,1341.5,1657.0,1370.8],\"text\":\"2018\"},{\"bbox\":[1635.8,1386.6,1691.4,1416.8],\"text\":\"311\"},{\"bbox\":[1672.9,1430.4,1691.5,1460.5],\"text\":\"1\"}],\"order\":21,\"text\":\"2018\\n311\\n1\"},{\"bbox\":[1724.8,1386.6,1743.3,1460.5],\"lines\":[{\"bbox\":[1724.8,1386.6,1743.3,1416.8],\"text\":\"$\"},{\"bbox\":[1724.8,1430.4,1743.3,1460.5],\"text\":\"$\"}],\"order\":22,\"text\":\"$\\n$\"},{\"bbox\":[1759.4,1341.5,1865.6,1460.5],\"lines\":[{\"bbox\":[1759.4,1341.5,1831.2,1370.8],\"text\":\"2019\"},{\"bbox\":[1810.0,1386.6,1865.6,1416.8],\"text\":\"251\"},{\"bbox\":[1847.1,1430.4,1865.6,1460.5],\"text\":\"1\"}],\"order\":23,\"text\":\"2019\\n251\\n1\"},{\"bbox\":[2363.7,1325.9,2408.5,1601.9],\"lines\":[{\"bbox\":[2363.7,1325.9,2408.5,1601.9],\"text\":\"FORM 10-K\"}],\"order\":24,\"text\":\"FORM 10-K\"},{\"bbox\":[137.5,1203.3,2262.5,1312.6],\"lines\":[{\"bbox\":[137.5,1203.3,2262.5,1233.5],\"text\":\"The Company leases space for certain of its offices, warehouses and retail stores under leases expiring from 1 to 20 years after May 31, 2014. Rent expense was\"},{\"bbox\":[137.5,1242.9,2262.5,1273.0],\"text\":\"$533 million, $482 million, and $431 million for the years ended May 31, 2014, 2013 and 2012, respectively. Amounts of minimum future annual commitments\"},{\"bbox\":[137.5,1282.5,1145.9,1312.6],\"text\":\"under non-cancelable operating and capital leases are as follows (in millions):\"}],\"order\":25,\"text\":\"The Company leases space for certain of its offices, warehouses and retail stores under leases expiring from 1 to 20 years after May 31, 2014. Rent expense was\\n$533 million, $482 million, and $431 million for the years ended May 31, 2014, 2013 and 2012, respectively. Amounts of minimum future annual commitments\\nunder non-cancelable operating and capital leases are as follows (in millions):\"},{\"bbox\":[1899.0,1341.5,2254.3,1460.5],\"lines\":[{\"bbox\":[1899.0,1341.5,2052.1,1370.8],\"text\":\"Thereafter\"},{\"bbox\":[2132.5,1341.5,2207.3,1370.8],\"text\":\"Total\"},{\"bbox\":[1899.0,1386.6,1917.5,1416.8],\"text\":\"$\"},{\"bbox\":[1969.0,1386.6,2104.2,1416.8],\"text\":\"1,050 $\"},{\"bbox\":[2170.9,1386.6,2254.3,1416.8],\"text\":\"2,804\"},{\"bbox\":[1899.0,1430.4,1917.5,1460.5],\"text\":\"$\"},{\"bbox\":[2019.0,1430.4,2104.2,1460.5],\"text\":\"— $\"},{\"bbox\":[2217.1,1430.4,2254.2,1460.5],\"text\":\"74\"}],\"order\":26,\"text\":\"Thereafter\\nTotal\\n$\\n1,050 $\\n2,804\\n$\\n— $\\n74\"},{\"bbox\":[1237.5,1505.4,2262.6,1575.1],\"lines\":[{\"bbox\":[1237.5,1505.4,2262.6,1535.5],\"text\":\"determined that the fair value of such indemnification is not material to the\"},{\"bbox\":[1237.5,1545.0,1934.9,1575.1],\"text\":\"Company’s financial position or results of operations.\"}],\"order\":27,\"text\":\"determined that the fair value of such indemnification is not material to the\\nCompany’s financial position or results of operations.\"},{\"bbox\":[1237.5,1609.5,2262.7,1916.8],\"lines\":[{\"bbox\":[1237.5,1609.5,2262.3,1639.7],\"text\":\"In the ordinary course of its business, the Company is involved in various legal\"},{\"bbox\":[1237.5,1649.1,2262.5,1679.3],\"text\":\"proceedings involving contractual and employment relationships, product\"},{\"bbox\":[1237.5,1688.7,2262.5,1718.9],\"text\":\"liability claims, trademark rights, and a variety of other matters. While the\"},{\"bbox\":[1237.5,1728.3,2262.4,1758.5],\"text\":\"Company cannot predict the outcome of its pending legal matters with\"},{\"bbox\":[1237.5,1767.9,2262.6,1798.0],\"text\":\"certainty, the Company does not believe any currently identified claim,\"},{\"bbox\":[1237.5,1807.5,2262.7,1837.6],\"text\":\"proceeding or litigation, either individually or in aggregate, will have a material\"},{\"bbox\":[1237.5,1847.0,2262.7,1877.2],\"text\":\"impact on the Company’s results of operations, financial position or cash\"},{\"bbox\":[1237.5,1886.6,1315.9,1916.8],\"text\":\"flows.\"}],\"order\":28,\"text\":\"In the ordinary course of its business, the Company is involved in various legal\\nproceedings involving contractual and employment relationships, product\\nliability claims, trademark rights, and a variety of other matters. While the\\nCompany cannot predict the outcome of its pending legal matters with\\ncertainty, the Company does not believe any currently identified claim,\\nproceeding or litigation, either individually or in aggregate, will have a material\\nimpact on the Company’s results of operations, financial position or cash\\nflows.\"},{\"bbox\":[137.5,2024.1,1170.8,2071.2],\"lines\":[{\"bbox\":[137.5,2024.1,1170.8,2071.2],\"text\":\"NOTE 17 — Risk Management and Derivatives\"}],\"order\":29,\"text\":\"NOTE 17 — Risk Management and Derivatives\"},{\"bbox\":[137.5,2122.9,1162.5,2311.4],\"lines\":[{\"bbox\":[137.5,2122.9,1162.4,2153.0],\"text\":\"The Company is exposed to global market risks, including the effect of\"},{\"bbox\":[137.5,2162.5,1162.5,2192.6],\"text\":\"changes in foreign currency exchange rates and interest rates, and uses\"},{\"bbox\":[137.5,2202.0,1162.3,2232.2],\"text\":\"derivatives to manage financial exposures that occur in the normal course of\"},{\"bbox\":[137.5,2241.6,1162.5,2271.8],\"text\":\"business. The Company does not hold or issue derivatives for trading or\"},{\"bbox\":[137.5,2281.2,429.2,2311.4],\"text\":\"speculative purposes.\"}],\"order\":30,\"text\":\"The Company is exposed to global market risks, including the effect of\\nchanges in foreign currency exchange rates and interest rates, and uses\\nderivatives to manage financial exposures that occur in the normal course of\\nbusiness. The Company does not hold or issue derivatives for trading or\\nspeculative purposes.\"},{\"bbox\":[137.5,2345.8,1162.6,2534.3],\"lines\":[{\"bbox\":[137.5,2345.8,1162.5,2376.0],\"text\":\"The Company may elect to designate certain derivatives as hedging\"},{\"bbox\":[137.5,2385.4,1162.4,2415.5],\"text\":\"instruments under the accounting standards for derivatives and hedging. The\"},{\"bbox\":[137.5,2425.0,1162.6,2455.1],\"text\":\"Company formally documents all relationships between designated hedging\"},{\"bbox\":[137.5,2464.5,1162.4,2494.7],\"text\":\"instruments and hedged items as well as its risk management objective and\"},{\"bbox\":[137.5,2504.1,1162.5,2534.3],\"text\":\"strategy for undertaking hedge transactions. This process includes linking all\"}],\"order\":31,\"text\":\"The Company may elect to designate certain derivatives as hedging\\ninstruments under the accounting standards for derivatives and hedging. The\\nCompany formally documents all relationships between designated hedging\\ninstruments and hedged items as well as its risk management objective and\\nstrategy for undertaking hedge transactions. This process includes linking all\"},{\"bbox\":[1237.5,2122.9,2262.3,2192.6],\"lines\":[{\"bbox\":[1237.5,2122.9,2262.3,2153.0],\"text\":\"derivatives designated as hedges to either recognized assets or liabilities or\"},{\"bbox\":[1237.5,2162.5,1558.2,2192.6],\"text\":\"forecasted transactions.\"}],\"order\":32,\"text\":\"derivatives designated as hedges to either recognized assets or liabilities or\\nforecasted transactions.\"},{\"bbox\":[1237.5,2227.0,2262.7,2534.3],\"lines\":[{\"bbox\":[1237.5,2227.0,2262.6,2257.2],\"text\":\"The majority of derivatives outstanding as of May 31, 2014 are designated as\"},{\"bbox\":[1237.5,2266.6,2262.3,2296.8],\"text\":\"cash flow or fair value hedges. All derivatives are recognized on the balance\"},{\"bbox\":[1237.5,2306.2,2262.6,2336.4],\"text\":\"sheet at fair value and classified based on the instrument’s maturity date. The\"},{\"bbox\":[1237.5,2345.8,2262.5,2376.0],\"text\":\"total notional amount of outstanding derivatives as of May 31, 2014 was\"},{\"bbox\":[1237.5,2385.4,2262.6,2415.5],\"text\":\"approximately $12 billion, which primarily comprises cash flow hedges for\"},{\"bbox\":[1237.5,2425.0,2262.4,2455.1],\"text\":\"Euro/U.S. Dollar, British Pound/Euro, and Japanese Yen/U.S. Dollar currency\"},{\"bbox\":[1237.5,2464.5,2262.7,2494.7],\"text\":\"pairs. As of May 31, 2014, there were outstanding currency forward contracts\"},{\"bbox\":[1237.5,2504.1,1662.3,2534.3],\"text\":\"with maturities up to 24 months.\"}],\"order\":33,\"text\":\"The majority of derivatives outstanding as of May 31, 2014 are designated as\\ncash flow or fair value hedges. All derivatives are recognized on the balance\\nsheet at fair value and classified based on the instrument’s maturity date. The\\ntotal notional amount of outstanding derivatives as of May 31, 2014 was\\napproximately $12 billion, which primarily comprises cash flow hedges for\\nEuro/U.S. Dollar, British Pound/Euro, and Japanese Yen/U.S. Dollar currency\\npairs. As of May 31, 2014, there were outstanding currency forward contracts\\nwith maturities up to 24 months.\"},{\"bbox\":[1312.9,3126.2,1475.2,3156.4],\"lines\":[{\"bbox\":[1312.9,3126.2,1475.2,3156.4],\"text\":\"NIKE, INC.\"}],\"order\":34,\"text\":\"NIKE, INC.\"},{\"bbox\":[1541.0,3126.2,2262.6,3156.4],\"lines\":[{\"bbox\":[1541.0,3126.2,2262.6,3156.4],\"text\":\"2014 Annual Report and Notice of Annual Meeting\"}],\"order\":35,\"text\":\"2014 Annual Report and Notice of Annual Meeting\"},{\"bbox\":[2300.0,3126.2,2355.6,3156.4],\"lines\":[{\"bbox\":[2300.0,3126.2,2355.6,3156.4],\"text\":\"109\"}],\"order\":36,\"text\":\"109\"}],\"doc\":\"fintabnet:NKE_2014\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"PART II\\n\\nSummarized results of the Company’s discontinued operations are as follows:\\n\\nYear Ended May 31,\\n2014\\n2013\\n2012\\n$\\n— $\\n523 $\\n796\\n—\\n108\\n(43)\\n—\\n87\\n3\\n$\\n— $\\n21 $\\n(46)\\n\\n(In millions)\\n\\nRevenues\\nIncome (loss) before income taxes\\nIncome tax expense\\nNet income (loss) from discontinued operations\\n\\nAs of May 31, 2014 and 2013, the aggregate components of liabilities classified as discontinued operations and included in Total current liabilities consisted of the\\nfollowing:\\n\\nAs of May 31,\\n2014\\n2013\\n$\\n— $\\n1\\n—\\n17\\n$\\n— $\\n18\\n\\n(In millions)\\n\\nAccounts payable\\nAccrued liabilities\\nTOTAL LIABILITIES\\n\\nThere were no assets of discontinued operations as of May 31, 2014 and May 31, 2013.\\n\\nNOTE 16 — Commitments and Contingencies\\n\\nOperating leases\\nCapital leases\\n\\n$\\n$\\n\\n2015\\n427\\n36\\n\\nAs of May 31, 2014 and 2013, the Company had letters of credit outstanding\\ntotaling $135 million and $149 million, respectively. These letters of credit\\nwere generally issued for the purchase of inventory and guarantees of the\\nCompany’s performance under certain self-insurance and other programs.\\n\\nIn connection with various contracts and agreements, the Company provides\\nroutine indemnification relating to the enforceability of intellectual property\\nrights, coverage for legal issues that arise and other items where the\\nCompany is acting as the guarantor. Currently, the Company has several\\nsuch agreements in place. However, based on the Company’s historical\\nexperience and the estimated probability of future loss, the Company has\\n\\n$\\n$\\n\\n2016\\n399\\n35\\n\\n$\\n$\\n\\n2017\\n366\\n1\\n\\n$\\n$\\n\\n2018\\n311\\n1\\n\\n$\\n$\\n\\n2019\\n251\\n1\\n\\nFORM 10-K\\n\\nThe Company leases space for certain of its offices, warehouses and retail stores under leases expiring from 1 to 20 years after May 31, 2014. Rent expense was\\n$533 million, $482 million, and $431 million for the years ended May 31, 2014, 2013 and 2012, respectively. Amounts of minimum future annual commitments\\nunder non-cancelable operating and capital leases are as follows (in millions):\\n\\nThereafter\\nTotal\\n$\\n1,050 $\\n2,804\\n$\\n— $\\n74\\n\\ndetermined that the fair value of such indemnification is not material to the\\nCompany’s financial position or results of operations.\\n\\nIn the ordinary course of its business, the Company is involved in various legal\\nproceedings involving contractual and employment relationships, product\\nliability claims, trademark rights, and a variety of other matters. While the\\nCompany cannot predict the outcome of its pending legal matters with\\ncertainty, the Company does not believe any currently identified claim,\\nproceeding or litigation, either individually or in aggregate, will have a material\\nimpact on the Company’s results of operations, financial position or cash\\nflows.\\n\\nNOTE 17 — Risk Management and Derivatives\\n\\nThe Company is exposed to global market risks, including the effect of\\nchanges in foreign currency exchange rates and interest rates, and uses\\nderivatives to manage financial exposures that occur in the normal course of\\nbusiness. The Company does not hold or issue derivatives for trading or\\nspeculative purposes.\\n\\nThe Company may elect to designate certain derivatives as hedging\\ninstruments under the accounting standards for derivatives and hedging. The\\nCompany formally documents all relationships between designated hedging\\ninstruments and hedged items as well as its risk management objective and\\nstrategy for undertaking hedge transactions. This process includes linking all\\n\\nderivatives designated as hedges to either recognized assets or liabilities or\\nforecasted transactions.\\n\\nThe majority of derivatives outstanding as of May 31, 2014 are designated as\\ncash flow or fair value hedges. All derivatives are recognized on the balance\\nsheet at fair value and classified based on the instrument’s maturity date. The\\ntotal notional amount of outstanding derivatives as of May 31, 2014 was\\napproximately $12 billion, which primarily comprises cash flow hedges for\\nEuro/U.S. Dollar, British Pound/Euro, and Japanese Yen/U.S. Dollar currency\\npairs. As of May 31, 2014, there were outstanding currency forward contracts\\nwith maturities up to 24 months.\\n\\nNIKE, INC.\\n\\n2014 Annual Report and Notice of Annual Meeting\\n\\n109\",\"name\":\"fintabnet.NKE_2014_page_66__300dpi_none\",\"page_id\":\"fintabnet.NKE_2014_page_66\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"NKE_2014_page_66\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[145.8,720.6,2254.2,938.6],\"block_orders\":[6,7,8],\"cells\":null}],\"text\":\"PART II\\n\\nSummarized results of the Company’s discontinued operations are as follows:\\n\\nYear Ended May 31,\\n2014\\n2013\\n2012\\n$\\n— $\\n523 $\\n796\\n—\\n108\\n(43)\\n—\\n87\\n3\\n$\\n— $\\n21 $\\n(46)\\n\\n(In millions)\\n\\nRevenues\\nIncome (loss) before income taxes\\nIncome tax expense\\nNet income (loss) from discontinued operations\\n\\nAs of May 31, 2014 and 2013, the aggregate components of liabilities classified as discontinued operations and included in Total current liabilities consisted of the\\nfollowing:\\n\\nAs of May 31,\\n2014\\n2013\\n$\\n— $\\n1\\n—\\n17\\n$\\n— $\\n18\\n\\n(In millions)\\n\\nAccounts payable\\nAccrued liabilities\\nTOTAL LIABILITIES\\n\\nThere were no assets of discontinued operations as of May 31, 2014 and May 31, 2013.\\n\\nNOTE 16 — Commitments and Contingencies\\n\\nOperating leases\\nCapital leases\\n\\n$\\n$\\n\\n2015\\n427\\n36\\n\\nAs of May 31, 2014 and 2013, the Company had letters of credit outstanding\\ntotaling $135 million and $149 million, respectively. These letters of credit\\nwere generally issued for the purchase of inventory and guarantees of the\\nCompany’s performance under certain self-insurance and other programs.\\n\\nIn connection with various contracts and agreements, the Company provides\\nroutine indemnification relating to the enforceability of intellectual property\\nrights, coverage for legal issues that arise and other items where the\\nCompany is acting as the guarantor. Currently, the Company has several\\nsuch agreements in place. However, based on the Company’s historical\\nexperience and the estimated probability of future loss, the Company has\\n\\n$\\n$\\n\\n2016\\n399\\n35\\n\\n$\\n$\\n\\n2017\\n366\\n1\\n\\n$\\n$\\n\\n2018\\n311\\n1\\n\\n$\\n$\\n\\n2019\\n251\\n1\\n\\nFORM 10-K\\n\\nThe Company leases space for certain of its offices, warehouses and retail stores under leases expiring from 1 to 20 years after May 31, 2014. Rent expense was\\n$533 million, $482 million, and $431 million for the years ended May 31, 2014, 2013 and 2012, respectively. Amounts of minimum future annual commitments\\nunder non-cancelable operating and capital leases are as follows (in millions):\\n\\nThereafter\\nTotal\\n$\\n1,050 $\\n2,804\\n$\\n— $\\n74\\n\\ndetermined that the fair value of such indemnification is not material to the\\nCompany’s financial position or results of operations.\\n\\nIn the ordinary course of its business, the Company is involved in various legal\\nproceedings involving contractual and employment relationships, product\\nliability claims, trademark rights, and a variety of other matters. While the\\nCompany cannot predict the outcome of its pending legal matters with\\ncertainty, the Company does not believe any currently identified claim,\\nproceeding or litigation, either individually or in aggregate, will have a material\\nimpact on the Company’s results of operations, financial position or cash\\nflows.\\n\\nNOTE 17 — Risk Management and Derivatives\\n\\nThe Company is exposed to global market risks, including the effect of\\nchanges in foreign currency exchange rates and interest rates, and uses\\nderivatives to manage financial exposures that occur in the normal course of\\nbusiness. The Company does not hold or issue derivatives for trading or\\nspeculative purposes.\\n\\nThe Company may elect to designate certain derivatives as hedging\\ninstruments under the accounting standards for derivatives and hedging. The\\nCompany formally documents all relationships between designated hedging\\ninstruments and hedged items as well as its risk management objective and\\nstrategy for undertaking hedge transactions. This process includes linking all\\n\\nderivatives designated as hedges to either recognized assets or liabilities or\\nforecasted transactions.\\n\\nThe majority of derivatives outstanding as of May 31, 2014 are designated as\\ncash flow or fair value hedges. All derivatives are recognized on the balance\\nsheet at fair value and classified based on the instrument’s maturity date. The\\ntotal notional amount of outstanding derivatives as of May 31, 2014 was\\napproximately $12 billion, which primarily comprises cash flow hedges for\\nEuro/U.S. Dollar, British Pound/Euro, and Japanese Yen/U.S. Dollar currency\\npairs. As of May 31, 2014, there were outstanding currency forward contracts\\nwith maturities up to 24 months.\\n\\nNIKE, INC.\\n\\n2014 Annual Report and Notice of Annual Meeting\\n\\n109\"},\"name\":\"fintabnet.NKE_2014_page_66__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":371019,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:NKE_2014\",\"dpi\":300,\"gt_sha256\":\"96b954157566dbe997f3c3bba86111fb3ad69d192193ebee6f42224cd8693429\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NKE_2014_page_66__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.NKE_2014_page_66\",\"pdf_sha256\":\"e40e25c5d6846fb3bbc74a114a30bbdff0c68f4d884a83d9a1a3a3e45ed7b38e\",\"px\":[2475,3225],\"scan\":{\"render\":\"0000000c7ffe40047ffe5e007ffe7ffd7efe7e807fc07efe7ee0000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"NKE_2014_page_66\",\"src\":{\"file_sha256\":\"f3f163709ddd0844d4d0af5b5cc8874ec606f4ab3a7936db6a872f6da98ea5c8\",\"render\":\"0000000c7ffe400c7ffe7e007ffe7ffd7efe50007fc07efe7ee0000000000000\",\"text\":\"739a598b8448ff48d2ebd80c712953726932ecf816da59379b8c31d74be55473\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e40e25c5d6846fb3bbc74a114a30bbdff0c68f4d884a83d9a1a3a3e45ed7b38e\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e40e25c5d6846fb3bbc74a114a30bbdff0c68f4d884a83d9a1a3a3e45ed7b38e.pdf","asset_sha256":"e40e25c5d6846fb3bbc74a114a30bbdff0c68f4d884a83d9a1a3a3e45ed7b38e","document_id":"fintabnet:NKE_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NKE_2014_page_66\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NOV_2008_page_163\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NOV_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[661.2,65.4,805.2,93.4],\"lines\":[{\"bbox\":[668.7,65.7,798.0,81.2],\"text\":\"Years Ended December 31,\"},{\"bbox\":[661.2,77.3,683.9,88.2],\"text\":\"2008\"},{\"bbox\":[721.6,79.9,744.3,90.8],\"text\":\"2007\"},{\"bbox\":[782.0,82.5,804.7,93.4],\"text\":\"2006\"}],\"order\":0,\"text\":\"Years Ended December 31,\\n2008\\n2007\\n2006\"},{\"bbox\":[67.5,64.1,221.3,143.0],\"lines\":[{\"bbox\":[70.1,64.1,205.1,82.4],\"text\":\"Valuation Assumptions:\"},{\"bbox\":[83.3,79.7,189.0,96.7],\"text\":\"Expected volatility\"},{\"bbox\":[82.7,94.6,203.6,112.3],\"text\":\"Risk-free interest rate\"},{\"bbox\":[82.0,109.6,191.6,126.8],\"text\":\"Expected dividends\"},{\"bbox\":[81.4,124.6,218.7,143.0],\"text\":\"Expected term (in years)\"}],\"order\":1,\"text\":\"Valuation Assumptions:\\nExpected volatility\\nRisk-free interest rate\\nExpected dividends\\nExpected term (in years)\"},{\"bbox\":[644.1,104.0,818.4,168.7],\"lines\":[{\"bbox\":[661.2,104.6,697.6,118.7],\"text\":\"41.8%\"},{\"bbox\":[721.5,107.2,758.0,121.3],\"text\":\"38.6%\"},{\"bbox\":[781.9,109.8,818.3,123.9],\"text\":\"39.4%\"},{\"bbox\":[667.6,119.8,697.1,133.6],\"text\":\"2.9%\"},{\"bbox\":[727.9,122.4,757.4,136.2],\"text\":\"4.6%\"},{\"bbox\":[788.3,125.0,817.7,138.8],\"text\":\"4.6%\"},{\"bbox\":[644.7,133.8,805.8,153.3],\"text\":\"$ — $ — $ —\"},{\"bbox\":[666.2,149.8,684.1,163.0],\"text\":\"3.6\"},{\"bbox\":[726.6,152.4,744.5,165.6],\"text\":\"3.5\"},{\"bbox\":[786.9,155.0,804.8,168.2],\"text\":\"3.8\"}],\"order\":2,\"text\":\"41.8%\\n38.6%\\n39.4%\\n2.9%\\n4.6%\\n4.6%\\n$ — $ — $ —\\n3.6\\n3.5\\n3.8\"},{\"bbox\":[64.7,155.7,816.0,232.4],\"lines\":[{\"bbox\":[66.1,155.7,816.0,200.5],\"text\":\"We used the actual volatility for traded options on our stock since March 11, 2005 (the Varco merger date) as the expected volatility\"},{\"bbox\":[65.4,171.7,815.3,216.5],\"text\":\"assumption required in the Black Scholes model, which is consistent with SFAS 123(R) and SAB 107. Prior to the first quarter of\"},{\"bbox\":[64.7,187.6,782.7,231.0],\"text\":\"fiscal 2006, we used our historical stock price volatility in accordance with SFAS 123 for purposes of our pro forma information.\"}],\"order\":3,\"text\":\"We used the actual volatility for traded options on our stock since March 11, 2005 (the Varco merger date) as the expected volatility\\nassumption required in the Black Scholes model, which is consistent with SFAS 123(R) and SAB 107. Prior to the first quarter of\\nfiscal 2006, we used our historical stock price volatility in accordance with SFAS 123 for purposes of our pro forma information.\"},{\"bbox\":[62.0,219.6,813.2,296.3],\"lines\":[{\"bbox\":[63.3,219.6,813.2,264.4],\"text\":\"The risk-free interest rate assumption is based upon observed interest rates appropriate for the term of our employee stock options.\"},{\"bbox\":[62.7,235.5,812.5,280.3],\"text\":\"The dividend yield assumption is based on the history and expectation of dividend payouts. The estimated expected term is based on\"},{\"bbox\":[62.0,251.5,369.7,277.2],\"text\":\"actual employee exercise activity for the past ten years.\"}],\"order\":4,\"text\":\"The risk-free interest rate assumption is based upon observed interest rates appropriate for the term of our employee stock options.\\nThe dividend yield assumption is based on the history and expectation of dividend payouts. The estimated expected term is based on\\nactual employee exercise activity for the past ten years.\"},{\"bbox\":[58.5,283.4,810.5,376.1],\"lines\":[{\"bbox\":[60.6,283.4,810.5,328.2],\"text\":\"As stock-based compensation expense recognized in the Consolidated Statement of Income in 2008 is based on awards ultimately\"},{\"bbox\":[59.9,299.4,809.7,344.2],\"text\":\"expected to vest, it has been reduced for estimated forfeitures. SFAS 123(R) requires forfeitures to be estimated at the time of grant\"},{\"bbox\":[59.2,315.3,809.0,360.2],\"text\":\"and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Forfeitures were estimated based on\"},{\"bbox\":[58.5,331.3,177.8,348.9],\"text\":\"historical experience.\"}],\"order\":5,\"text\":\"As stock-based compensation expense recognized in the Consolidated Statement of Income in 2008 is based on awards ultimately\\nexpected to vest, it has been reduced for estimated forfeitures. SFAS 123(R) requires forfeitures to be estimated at the time of grant\\nand revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Forfeitures were estimated based on\\nhistorical experience.\"},{\"bbox\":[56.5,363.2,806.9,423.9],\"lines\":[{\"bbox\":[57.2,363.2,806.9,408.0],\"text\":\"The following summary presents information regarding outstanding options as of December 31, 2008 and changes during 2008 with\"},{\"bbox\":[56.5,379.1,311.8,402.6],\"text\":\"regard to options under all stock option plans:\"}],\"order\":6,\"text\":\"The following summary presents information regarding outstanding options as of December 31, 2008 and changes during 2008 with\\nregard to options under all stock option plans:\"},{\"bbox\":[49.2,458.0,247.4,568.7],\"lines\":[{\"bbox\":[53.1,458.0,247.4,478.9],\"text\":\"Outstanding at December 31, 2007\"},{\"bbox\":[66.0,473.6,111.3,488.0],\"text\":\"Granted\"},{\"bbox\":[65.4,488.6,120.6,503.4],\"text\":\"Exercised\"},{\"bbox\":[64.7,503.5,120.7,518.5],\"text\":\"Cancelled\"},{\"bbox\":[50.5,517.9,244.8,538.7],\"text\":\"Outstanding at December 31, 2008\"},{\"bbox\":[49.9,532.8,197.0,551.7],\"text\":\"Vested or expected to vest\"},{\"bbox\":[49.2,547.8,240.5,568.6],\"text\":\"Exercisable at December 31, 2008\"}],\"order\":7,\"text\":\"Outstanding at December 31, 2007\\nGranted\\nExercised\\nCancelled\\nOutstanding at December 31, 2008\\nVested or expected to vest\\nExercisable at December 31, 2008\"},{\"bbox\":[462.8,463.4,495.3,474.8],\"lines\":[{\"bbox\":[462.8,463.4,495.3,474.8],\"text\":\"Shares\"}],\"order\":8,\"text\":\"Shares\"},{\"bbox\":[534.5,454.5,623.3,480.3],\"lines\":[{\"bbox\":[535.0,454.5,623.3,468.3],\"text\":\"Weighted Average\"},{\"bbox\":[544.7,466.9,612.5,479.8],\"text\":\"Exercise Price\"}],\"order\":9,\"text\":\"Weighted Average\\nExercise Price\"},{\"bbox\":[645.3,435.4,704.6,483.7],\"lines\":[{\"bbox\":[652.7,435.6,698.7,447.6],\"text\":\"Weighted\"},{\"bbox\":[649.1,447.4,701.3,459.6],\"text\":\"Remaining\"},{\"bbox\":[645.8,459.3,703.6,471.7],\"text\":\"Contractual\"},{\"bbox\":[657.7,471.8,690.7,483.2],\"text\":\"(years)\"}],\"order\":10,\"text\":\"Weighted\\nRemaining\\nContractual\\n(years)\"},{\"bbox\":[445.2,475.1,514.4,580.2],\"lines\":[{\"bbox\":[453.8,475.3,509.9,490.2],\"text\":\"7,903,832\"},{\"bbox\":[453.1,490.3,509.2,505.2],\"text\":\"2,993,000\"},{\"bbox\":[447.8,505.0,513.1,520.3],\"text\":\"(3,130,450)\"},{\"bbox\":[457.6,520.5,512.5,535.3],\"text\":\"(218,560)\"},{\"bbox\":[451.2,535.1,507.3,550.0],\"text\":\"7,547,822\"},{\"bbox\":[450.5,550.1,506.6,565.0],\"text\":\"7,313,840\"},{\"bbox\":[449.9,565.1,506.0,580.0],\"text\":\"3,110,462\"}],\"order\":11,\"text\":\"7,903,832\\n2,993,000\\n(3,130,450)\\n(218,560)\\n7,547,822\\n7,313,840\\n3,110,462\"},{\"bbox\":[550.4,479.6,601.2,584.0],\"lines\":[{\"bbox\":[554.3,479.6,601.2,494.1],\"text\":\"$ 29.12\"},{\"bbox\":[553.6,494.6,600.6,509.1],\"text\":\"$ 48.59\"},{\"bbox\":[553.0,509.6,599.9,524.1],\"text\":\"$ 27.08\"},{\"bbox\":[552.3,524.6,599.3,539.1],\"text\":\"$ 30.90\"},{\"bbox\":[551.7,539.5,598.6,554.0],\"text\":\"$ 37.24\"},{\"bbox\":[551.1,554.5,598.0,569.0],\"text\":\"$ 37.24\"},{\"bbox\":[550.4,569.4,597.3,583.9],\"text\":\"$ 26.17\"}],\"order\":12,\"text\":\"$ 29.12\\n$ 48.59\\n$ 27.08\\n$ 30.90\\n$ 37.24\\n$ 37.24\\n$ 26.17\"},{\"bbox\":[657.0,544.1,683.2,587.6],\"lines\":[{\"bbox\":[658.3,544.1,683.2,557.6],\"text\":\"7.25\"},{\"bbox\":[657.7,559.0,682.6,572.6],\"text\":\"7.25\"},{\"bbox\":[657.0,574.0,681.9,587.6],\"text\":\"5.90\"}],\"order\":13,\"text\":\"7.25\\n7.25\\n5.90\"},{\"bbox\":[723.4,462.7,795.5,487.7],\"lines\":[{\"bbox\":[735.3,463.1,784.4,475.2],\"text\":\"Aggregate\"},{\"bbox\":[723.4,474.7,795.0,487.7],\"text\":\"Intrinsic Value\"}],\"order\":14,\"text\":\"Aggregate\\nIntrinsic Value\"},{\"bbox\":[715.0,546.6,796.0,592.5],\"lines\":[{\"bbox\":[716.3,546.6,796.0,562.5],\"text\":\"$ 13,473,682\"},{\"bbox\":[715.6,561.5,795.4,577.5],\"text\":\"$ 13,055,998\"},{\"bbox\":[715.0,576.5,794.7,592.5],\"text\":\"$ 13,473,682\"}],\"order\":15,\"text\":\"$ 13,473,682\\n$ 13,055,998\\n$ 13,473,682\"},{\"bbox\":[44.4,579.6,797.7,704.2],\"lines\":[{\"bbox\":[47.9,579.6,797.7,624.4],\"text\":\"As of December 31, 2008, total unrecognized compensation cost related to nonvested stock options was $36.2 million. This cost is\"},{\"bbox\":[47.2,595.5,797.0,640.3],\"text\":\"expected to be recognized over a weighted average period of 2.0 years. The total fair value of stock options vested in 2008, 2007 and\"},{\"bbox\":[46.5,611.5,796.3,656.3],\"text\":\"2006 was approximately $42.9 million, $33.5 million and $22.1 million, respectively. Cash received from option exercises for 2008,\"},{\"bbox\":[45.8,627.4,795.6,672.3],\"text\":\"2007 and 2006 was $78.0 million, $91.3 million and $32.7 million respectively. The actual tax benefit realized for the tax deductions\"},{\"bbox\":[45.1,643.4,794.9,688.2],\"text\":\"from option exercises totaled $45.9 million, $34.2 million and $15.2 million for 2008, 2007 and 2006, respectively. Cash used to settle\"},{\"bbox\":[44.4,659.3,764.7,702.9],\"text\":\"equity instruments granted under all share-based payment arrangements for 2008, 2007 and 2006 was not material for any period.\"}],\"order\":16,\"text\":\"As of December 31, 2008, total unrecognized compensation cost related to nonvested stock options was $36.2 million. This cost is\\nexpected to be recognized over a weighted average period of 2.0 years. The total fair value of stock options vested in 2008, 2007 and\\n2006 was approximately $42.9 million, $33.5 million and $22.1 million, respectively. Cash received from option exercises for 2008,\\n2007 and 2006 was $78.0 million, $91.3 million and $32.7 million respectively. The actual tax benefit realized for the tax deductions\\nfrom option exercises totaled $45.9 million, $34.2 million and $15.2 million for 2008, 2007 and 2006, respectively. Cash used to settle\\nequity instruments granted under all share-based payment arrangements for 2008, 2007 and 2006 was not material for any period.\"},{\"bbox\":[389.2,1036.2,418.4,1049.9],\"lines\":[{\"bbox\":[389.2,1036.2,418.4,1049.9],\"text\":\"A-81\"}],\"order\":17,\"text\":\"A-81\"}],\"doc\":\"fintabnet:NOV_2008\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"Years Ended December 31,\\n2008\\n2007\\n2006\\n\\nValuation Assumptions:\\nExpected volatility\\nRisk-free interest rate\\nExpected dividends\\nExpected term (in years)\\n\\n41.8%\\n38.6%\\n39.4%\\n2.9%\\n4.6%\\n4.6%\\n$ — $ — $ —\\n3.6\\n3.5\\n3.8\\n\\nWe used the actual volatility for traded options on our stock since March 11, 2005 (the Varco merger date) as the expected volatility\\nassumption required in the Black Scholes model, which is consistent with SFAS 123(R) and SAB 107. Prior to the first quarter of\\nfiscal 2006, we used our historical stock price volatility in accordance with SFAS 123 for purposes of our pro forma information.\\n\\nThe risk-free interest rate assumption is based upon observed interest rates appropriate for the term of our employee stock options.\\nThe dividend yield assumption is based on the history and expectation of dividend payouts. The estimated expected term is based on\\nactual employee exercise activity for the past ten years.\\n\\nAs stock-based compensation expense recognized in the Consolidated Statement of Income in 2008 is based on awards ultimately\\nexpected to vest, it has been reduced for estimated forfeitures. SFAS 123(R) requires forfeitures to be estimated at the time of grant\\nand revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Forfeitures were estimated based on\\nhistorical experience.\\n\\nThe following summary presents information regarding outstanding options as of December 31, 2008 and changes during 2008 with\\nregard to options under all stock option plans:\\n\\nOutstanding at December 31, 2007\\nGranted\\nExercised\\nCancelled\\nOutstanding at December 31, 2008\\nVested or expected to vest\\nExercisable at December 31, 2008\\n\\nShares\\n\\nWeighted Average\\nExercise Price\\n\\nWeighted\\nRemaining\\nContractual\\n(years)\\n\\n7,903,832\\n2,993,000\\n(3,130,450)\\n(218,560)\\n7,547,822\\n7,313,840\\n3,110,462\\n\\n$ 29.12\\n$ 48.59\\n$ 27.08\\n$ 30.90\\n$ 37.24\\n$ 37.24\\n$ 26.17\\n\\n7.25\\n7.25\\n5.90\\n\\nAggregate\\nIntrinsic Value\\n\\n$ 13,473,682\\n$ 13,055,998\\n$ 13,473,682\\n\\nAs of December 31, 2008, total unrecognized compensation cost related to nonvested stock options was $36.2 million. This cost is\\nexpected to be recognized over a weighted average period of 2.0 years. The total fair value of stock options vested in 2008, 2007 and\\n2006 was approximately $42.9 million, $33.5 million and $22.1 million, respectively. Cash received from option exercises for 2008,\\n2007 and 2006 was $78.0 million, $91.3 million and $32.7 million respectively. The actual tax benefit realized for the tax deductions\\nfrom option exercises totaled $45.9 million, $34.2 million and $15.2 million for 2008, 2007 and 2006, respectively. Cash used to settle\\nequity instruments granted under all share-based payment arrangements for 2008, 2007 and 2006 was not material for any period.\\n\\nA-81\",\"name\":\"fintabnet.NOV_2008_page_163__100dpi_heavy\",\"page_id\":\"fintabnet.NOV_2008_page_163\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.468,\"source\":\"fintabnet\",\"source_id\":\"NOV_2008_page_163\",\"stack\":[{\"deg\":-2.468,\"op\":\"skew\"},{\"amp\":0.248,\"angle\":270.4,\"blob\":0.423,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.71},{\"op\":\"noise\",\"sigma\":14.396},{\"method\":\"global\",\"offset\":-0.073,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[49.2,405.9,800.9,593.3],\"block_orders\":[7,8,9,10,11,12,13,14,15],\"cells\":null}],\"text\":\"Years Ended December 31,\\n2008\\n2007\\n2006\\n\\nValuation Assumptions:\\nExpected volatility\\nRisk-free interest rate\\nExpected dividends\\nExpected term (in years)\\n\\n41.8%\\n38.6%\\n39.4%\\n2.9%\\n4.6%\\n4.6%\\n$ — $ — $ —\\n3.6\\n3.5\\n3.8\\n\\nWe used the actual volatility for traded options on our stock since March 11, 2005 (the Varco merger date) as the expected volatility\\nassumption required in the Black Scholes model, which is consistent with SFAS 123(R) and SAB 107. Prior to the first quarter of\\nfiscal 2006, we used our historical stock price volatility in accordance with SFAS 123 for purposes of our pro forma information.\\n\\nThe risk-free interest rate assumption is based upon observed interest rates appropriate for the term of our employee stock options.\\nThe dividend yield assumption is based on the history and expectation of dividend payouts. The estimated expected term is based on\\nactual employee exercise activity for the past ten years.\\n\\nAs stock-based compensation expense recognized in the Consolidated Statement of Income in 2008 is based on awards ultimately\\nexpected to vest, it has been reduced for estimated forfeitures. SFAS 123(R) requires forfeitures to be estimated at the time of grant\\nand revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Forfeitures were estimated based on\\nhistorical experience.\\n\\nThe following summary presents information regarding outstanding options as of December 31, 2008 and changes during 2008 with\\nregard to options under all stock option plans:\\n\\nOutstanding at December 31, 2007\\nGranted\\nExercised\\nCancelled\\nOutstanding at December 31, 2008\\nVested or expected to vest\\nExercisable at December 31, 2008\\n\\nShares\\n\\nWeighted Average\\nExercise Price\\n\\nWeighted\\nRemaining\\nContractual\\n(years)\\n\\n7,903,832\\n2,993,000\\n(3,130,450)\\n(218,560)\\n7,547,822\\n7,313,840\\n3,110,462\\n\\n$ 29.12\\n$ 48.59\\n$ 27.08\\n$ 30.90\\n$ 37.24\\n$ 37.24\\n$ 26.17\\n\\n7.25\\n7.25\\n5.90\\n\\nAggregate\\nIntrinsic Value\\n\\n$ 13,473,682\\n$ 13,055,998\\n$ 13,473,682\\n\\nAs of December 31, 2008, total unrecognized compensation cost related to nonvested stock options was $36.2 million. This cost is\\nexpected to be recognized over a weighted average period of 2.0 years. The total fair value of stock options vested in 2008, 2007 and\\n2006 was approximately $42.9 million, $33.5 million and $22.1 million, respectively. Cash received from option exercises for 2008,\\n2007 and 2006 was $78.0 million, $91.3 million and $32.7 million respectively. The actual tax benefit realized for the tax deductions\\nfrom option exercises totaled $45.9 million, $34.2 million and $15.2 million for 2008, 2007 and 2006, respectively. Cash used to settle\\nequity instruments granted under all share-based payment arrangements for 2008, 2007 and 2006 was not material for any period.\\n\\nA-81\"},\"name\":\"fintabnet.NOV_2008_page_163__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":37318,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:NOV_2008\",\"dpi\":100,\"gt_sha256\":\"b983f1761894605f1183477ce29feb9d497897a2c73d3d3e038e178b90372f94\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NOV_2008_page_163__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.NOV_2008_page_163\",\"pdf_sha256\":\"321de1ef3edf81a3757d5bfe01220560087daf201f2b445ce7b7b387cc4f898d\",\"px\":[850,1100],\"scan\":{\"render\":\"efef700f7fff7fff7ffe7c3e403a60f07aee7ffe000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"NOV_2008_page_163\",\"src\":{\"file_sha256\":\"15d646d17f56c4ec8a8dd3cd34379deba852049887f1cf90f5ad104b1ffe0b93\",\"render\":\"000e700e7ffe7ffe7ffe7c0000fe60f07ffe7ffe000000000000000000000000\",\"text\":\"5f684ba6a856e03a1bbe947b53672817005b737038f592b5b36528f03f9d00be\"},\"stack\":[{\"deg\":-2.468,\"op\":\"skew\"},{\"amp\":0.248,\"angle\":270.4,\"blob\":0.423,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.71},{\"op\":\"noise\",\"sigma\":14.396},{\"method\":\"global\",\"offset\":-0.073,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"321de1ef3edf81a3757d5bfe01220560087daf201f2b445ce7b7b387cc4f898d\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/321de1ef3edf81a3757d5bfe01220560087daf201f2b445ce7b7b387cc4f898d.pdf","asset_sha256":"321de1ef3edf81a3757d5bfe01220560087daf201f2b445ce7b7b387cc4f898d","document_id":"fintabnet:NOV_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NOV_2008_page_163\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2010_page_36\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NRG_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[57.2,46.1,164.2,57.5],\"lines\":[{\"bbox\":[57.2,46.1,164.2,57.5],\"text\":\"Capacity Revenue Sources\"}],\"order\":0,\"text\":\"Capacity Revenue Sources\"},{\"bbox\":[44.7,61.4,575.0,200.7],\"lines\":[{\"bbox\":[66.9,61.8,575.0,80.8],\"text\":\"NRG revenues and free cash flows benefit from capacity/demand payments originating from either market clearing\"},{\"bbox\":[46.7,73.4,574.7,92.8],\"text\":\"capacity prices, Resource Adequacy, or RA, contracts and tolling arrangements as many of NRG’s plants are well situated\"},{\"bbox\":[46.5,85.4,574.5,104.8],\"text\":\"within load pockets and make critical contributions to system stability. Specifically, in the Northeast, the Company’s largest\"},{\"bbox\":[46.2,97.4,574.3,116.8],\"text\":\"sources for capacity revenues are derived from market capacity auctions in New York, PJM Interconnection, LLC, or PJM,\"},{\"bbox\":[46.0,109.4,574.0,128.8],\"text\":\"and New England. Previously, New England also derived its capacity revenues from RMR agreements; however, all RMR\"},{\"bbox\":[45.8,121.3,573.9,140.7],\"text\":\"agreements expired on May 31, 2010. In South Central, NRG earns significant demand payments from its long-term\"},{\"bbox\":[45.6,133.3,573.6,152.7],\"text\":\"full-requirements load contracts with ten Louisiana distribution cooperatives, which are not unit specific. Of the ten\"},{\"bbox\":[45.3,145.3,573.3,164.7],\"text\":\"contracts, seven expire in 2025 and account for 56% of the contract load, while the remaining three expire in 2014 and\"},{\"bbox\":[45.1,157.3,573.2,176.7],\"text\":\"comprise 44% of contract load. Demand payments from these long term contracts are tied to summer peak demand as well\"},{\"bbox\":[44.9,169.3,572.9,188.7],\"text\":\"as provide a mechanism for recovering a portion of the costs for mandated environmental projects over the remaining life\"},{\"bbox\":[44.7,181.3,559.9,200.4],\"text\":\"of the contract. In the West, most of the Company’s sites benefit from either tolling agreements and/or RA contracts.\"}],\"order\":1,\"text\":\"NRG revenues and free cash flows benefit from capacity/demand payments originating from either market clearing\\ncapacity prices, Resource Adequacy, or RA, contracts and tolling arrangements as many of NRG’s plants are well situated\\nwithin load pockets and make critical contributions to system stability. Specifically, in the Northeast, the Company’s largest\\nsources for capacity revenues are derived from market capacity auctions in New York, PJM Interconnection, LLC, or PJM,\\nand New England. Previously, New England also derived its capacity revenues from RMR agreements; however, all RMR\\nagreements expired on May 31, 2010. In South Central, NRG earns significant demand payments from its long-term\\nfull-requirements load contracts with ten Louisiana distribution cooperatives, which are not unit specific. Of the ten\\ncontracts, seven expire in 2025 and account for 56% of the contract load, while the remaining three expire in 2014 and\\ncomprise 44% of contract load. Demand payments from these long term contracts are tied to summer peak demand as well\\nas provide a mechanism for recovering a portion of the costs for mandated environmental projects over the remaining life\\nof the contract. In the West, most of the Company’s sites benefit from either tolling agreements and/or RA contracts.\"},{\"bbox\":[44.1,196.6,572.5,228.1],\"lines\":[{\"bbox\":[64.4,197.0,572.5,216.1],\"text\":\"The table below reflects the plants and relevant capacity revenue sources for the Northeast and West regions, as well as\"},{\"bbox\":[44.1,208.6,237.0,221.7],\"text\":\"the Company’s thermal generation facilities:\"}],\"order\":2,\"text\":\"The table below reflects the plants and relevant capacity revenue sources for the Northeast and West regions, as well as\\nthe Company’s thermal generation facilities:\"},{\"bbox\":[43.4,250.1,141.8,259.5],\"lines\":[{\"bbox\":[43.4,250.1,141.8,259.5],\"text\":\"Region, Market and Facility\"}],\"order\":3,\"text\":\"Region, Market and Facility\"},{\"bbox\":[37.3,264.6,420.9,589.0],\"lines\":[{\"bbox\":[43.1,264.6,122.3,275.6],\"text\":\"Northeast Region:\"},{\"bbox\":[52.9,275.8,145.6,287.0],\"text\":\"NEPOOL (ISO-NE):\"},{\"bbox\":[62.7,287.0,420.5,303.2],\"text\":\"Devon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[62.5,298.0,420.3,314.2],\"text\":\"Connecticut Jet Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[62.3,309.0,420.1,325.2],\"text\":\"GenConn Devon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[62.0,320.0,419.9,336.2],\"text\":\"Montville . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.8,331.0,419.7,347.2],\"text\":\"Middletown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.6,342.0,419.5,358.2],\"text\":\"Norwalk Harbor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[51.4,352.8,74.2,362.7],\"text\":\"PJM:\"},{\"bbox\":[61.2,364.0,419.0,380.2],\"text\":\"Indian River . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.0,375.0,418.8,391.2],\"text\":\"Vienna . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[60.8,386.0,418.6,402.2],\"text\":\"Conemaugh . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[60.6,396.9,418.4,413.1],\"text\":\"Keystone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[50.4,407.7,140.9,418.8],\"text\":\"New York (NYISO):\"},{\"bbox\":[60.2,418.9,418.0,435.1],\"text\":\"Oswego . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[60.0,429.9,417.8,446.1],\"text\":\"Huntley . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[59.8,440.9,417.6,457.1],\"text\":\"Dunkirk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[59.6,451.9,417.4,468.1],\"text\":\"Astoria Gas Turbines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[59.3,462.9,417.2,479.1],\"text\":\"Arthur Kill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[39.1,473.5,95.9,484.0],\"text\":\"West Region:\"},{\"bbox\":[48.9,484.7,138.3,495.8],\"text\":\"California (CAISO):\"},{\"bbox\":[58.7,495.9,416.6,512.1],\"text\":\"Blythe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[58.5,506.9,416.3,523.1],\"text\":\"El Segundo Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[58.3,517.9,416.1,534.1],\"text\":\"Encina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[58.1,528.9,415.9,545.1],\"text\":\"Long Beach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[57.9,539.9,415.7,556.1],\"text\":\"San Diego Combustion Turbines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[37.7,550.5,77.7,560.7],\"text\":\"Thermal:\"},{\"bbox\":[57.5,561.8,415.3,578.0],\"text\":\"Dover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[57.3,572.8,415.1,589.0],\"text\":\"Paxton Creek . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Northeast Region:\\nNEPOOL (ISO-NE):\\nDevon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConnecticut Jet Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGenConn Devon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMontville . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMiddletown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNorwalk Harbor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPJM:\\nIndian River . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nVienna . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConemaugh . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nKeystone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNew York (NYISO):\\nOswego . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nHuntley . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDunkirk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAstoria Gas Turbines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nArthur Kill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWest Region:\\nCalifornia (CAISO):\\nBlythe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEl Segundo Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEncina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLong Beach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSan Diego Combustion Turbines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThermal:\\nDover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPaxton Creek . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[37.0,586.3,47.3,594.0],\"lines\":[{\"bbox\":[37.0,586.3,47.3,594.0],\"text\":\"(a)\"}],\"order\":5,\"text\":\"(a)\"},{\"bbox\":[36.7,604.3,47.2,612.0],\"lines\":[{\"bbox\":[36.7,604.3,47.2,612.0],\"text\":\"(b)\"}],\"order\":6,\"text\":\"(b)\"},{\"bbox\":[36.4,622.3,46.1,630.0],\"lines\":[{\"bbox\":[36.4,622.3,46.1,630.0],\"text\":\"(c)\"}],\"order\":7,\"text\":\"(c)\"},{\"bbox\":[35.5,640.3,46.7,675.0],\"lines\":[{\"bbox\":[36.0,640.3,46.7,648.0],\"text\":\"(d)\"},{\"bbox\":[35.9,649.3,46.1,657.0],\"text\":\"(e)\"},{\"bbox\":[35.7,658.3,44.6,666.0],\"text\":\"(f)\"},{\"bbox\":[35.5,667.3,45.7,675.0],\"text\":\"(g)\"}],\"order\":8,\"text\":\"(d)\\n(e)\\n(f)\\n(g)\"},{\"bbox\":[453.3,257.8,470.9,265.7],\"lines\":[{\"bbox\":[453.3,257.8,470.9,265.7],\"text\":\"Zone\"}],\"order\":9,\"text\":\"Zone\"},{\"bbox\":[505.1,226.8,570.0,267.5],\"lines\":[{\"bbox\":[519.6,227.1,556.1,235.3],\"text\":\"Sources of\"},{\"bbox\":[505.5,234.8,569.8,243.5],\"text\":\"Capacity 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MAAC\\nPJM — MAAC\"},{\"bbox\":[440.9,426.1,476.1,480.2],\"lines\":[{\"bbox\":[442.0,426.1,475.8,436.2],\"text\":\"Zone C\"},{\"bbox\":[441.5,437.1,475.9,447.2],\"text\":\"Zone A\"},{\"bbox\":[441.3,448.1,475.6,458.2],\"text\":\"Zone A\"},{\"bbox\":[442.7,459.1,473.8,469.1],\"text\":\"Zone J\"},{\"bbox\":[442.5,470.1,473.6,480.1],\"text\":\"Zone J\"}],\"order\":15,\"text\":\"Zone C\\nZone A\\nZone A\\nZone J\\nZone J\"},{\"bbox\":[500.2,427.2,567.0,481.9],\"lines\":[{\"bbox\":[501.3,427.2,566.7,437.9],\"text\":\"UCAP — ROS\"},{\"bbox\":[501.1,438.2,566.5,448.9],\"text\":\"UCAP — ROS\"},{\"bbox\":[500.9,449.2,566.3,459.9],\"text\":\"UCAP — ROS\"},{\"bbox\":[500.4,460.2,566.3,470.9],\"text\":\"UCAP — NYC\"},{\"bbox\":[500.2,471.2,566.1,481.9],\"text\":\"UCAP — NYC\"}],\"order\":16,\"text\":\"UCAP — ROS\\nUCAP — ROS\\nUCAP — ROS\\nUCAP — NYC\\nUCAP — NYC\"},{\"bbox\":[440.4,503.1,473.6,557.1],\"lines\":[{\"bbox\":[441.3,503.1,473.6,513.1],\"text\":\"CAISO\"},{\"bbox\":[441.1,514.1,473.4,524.1],\"text\":\"CAISO\"},{\"bbox\":[440.9,525.1,473.2,535.1],\"text\":\"CAISO\"},{\"bbox\":[440.7,536.1,473.0,546.1],\"text\":\"CAISO\"},{\"bbox\":[440.4,547.1,472.8,557.1],\"text\":\"CAISO\"}],\"order\":17,\"text\":\"CAISO\\nCAISO\\nCAISO\\nCAISO\\nCAISO\"},{\"bbox\":[497.8,503.2,566.6,558.9],\"lines\":[{\"bbox\":[518.8,503.6,546.3,514.5],\"text\":\"Toll (c)\"},{\"bbox\":[498.4,514.2,566.4,525.9],\"text\":\"RA Capacity (d)\"},{\"bbox\":[518.2,525.5,546.1,536.5],\"text\":\"Toll (e)\"},{\"bbox\":[518.6,536.6,545.3,547.5],\"text\":\"Toll (f)\"},{\"bbox\":[498.0,547.2,565.5,558.9],\"text\":\"RA Capacity (g)\"}],\"order\":18,\"text\":\"Toll (c)\\nRA Capacity (d)\\nToll (e)\\nToll (f)\\nRA Capacity (g)\"},{\"bbox\":[427.9,568.8,484.3,590.3],\"lines\":[{\"bbox\":[429.2,568.8,483.2,579.2],\"text\":\"PJM — East\"},{\"bbox\":[427.9,579.8,484.1,590.3],\"text\":\"PJM — West\"}],\"order\":19,\"text\":\"PJM — East\\nPJM — West\"},{\"bbox\":[497.9,570.1,564.6,591.8],\"lines\":[{\"bbox\":[500.9,570.1,561.7,580.7],\"text\":\"DPL — South\"},{\"bbox\":[497.9,581.1,564.4,591.8],\"text\":\"PJM — MAAC\"}],\"order\":20,\"text\":\"DPL — South\\nPJM — MAAC\"},{\"bbox\":[55.3,586.7,565.1,693.6],\"lines\":[{\"bbox\":[57.1,586.7,565.0,603.8],\"text\":\"GenConn Devon’s energy and capacity are sold pursuant to a 30-year cost of service type contract with The Connecticut Light and Power Company,\"},{\"bbox\":[56.9,595.7,316.2,608.1],\"text\":\"under which FCM revenues received are netted against amounts received.\"},{\"bbox\":[56.7,604.7,564.7,621.8],\"text\":\"RMR agreements expired May 31, 2010, and were replaced by the First Installed Capacity Commitment Period of the FCM effective June 1, 2010.\"},{\"bbox\":[56.5,613.7,491.1,629.4],\"text\":\"Per the terms of the RMR agreement, any FCM transition capacity payments were offset against approved RMR payments.\"},{\"bbox\":[56.4,622.7,564.4,639.8],\"text\":\"Blythe reached commercial operations on December 18, 2009 under a renewable power purchase and sale agreement that will terminate on\"},{\"bbox\":[56.2,631.7,125.6,640.5],\"text\":\"December 31, 2029.\"},{\"bbox\":[56.0,640.7,431.5,655.3],\"text\":\"El Segundo includes approximately 335 MW and 596 MW of RA contracts for 2010 and 2011, respectively.\"},{\"bbox\":[55.9,649.7,167.8,659.3],\"text\":\"Toll expires December 31, 2011.\"},{\"bbox\":[55.7,658.7,495.6,674.5],\"text\":\"NRG has purchased back the energy and ancillary service value of the toll through July 31, 2011. Toll expires August 1, 2017.\"},{\"bbox\":[55.5,667.7,563.5,684.8],\"text\":\"RA contracts covering the entire San Diego Combustion Turbines portfolio during 2010 and 2011 (RA contracts for 88 MW run through\"},{\"bbox\":[55.3,676.5,128.1,685.4],\"text\":\"November 30, 2013).\"}],\"order\":21,\"text\":\"GenConn Devon’s energy and capacity are sold pursuant to a 30-year cost of service type contract with The Connecticut Light and Power Company,\\nunder which FCM revenues received are netted against amounts received.\\nRMR agreements expired May 31, 2010, and were replaced by the First Installed Capacity Commitment Period of the FCM effective June 1, 2010.\\nPer the terms of the RMR agreement, any FCM transition capacity payments were offset against approved RMR payments.\\nBlythe reached commercial operations on December 18, 2009 under a renewable power purchase and sale agreement that will terminate on\\nDecember 31, 2029.\\nEl Segundo includes approximately 335 MW and 596 MW of RA contracts for 2010 and 2011, respectively.\\nToll expires December 31, 2011.\\nNRG has purchased back the energy and ancillary service value of the toll through July 31, 2011. Toll expires August 1, 2017.\\nRA contracts covering the entire San Diego Combustion Turbines portfolio during 2010 and 2011 (RA contracts for 88 MW run through\\nNovember 30, 2013).\"},{\"bbox\":[293.6,715.6,303.8,725.3],\"lines\":[{\"bbox\":[293.6,715.6,303.8,725.3],\"text\":\"12\"}],\"order\":22,\"text\":\"12\"}],\"doc\":\"fintabnet:NRG_2010\",\"dpi\":72,\"image_px\":[612,774],\"layout\":[],\"markdown\":\"Capacity Revenue Sources\\n\\nNRG revenues and free cash flows benefit from capacity/demand payments originating from either market clearing\\ncapacity prices, Resource Adequacy, or RA, contracts and tolling arrangements as many of NRG’s plants are well situated\\nwithin load pockets and make critical contributions to system stability. Specifically, in the Northeast, the Company’s largest\\nsources for capacity revenues are derived from market capacity auctions in New York, PJM Interconnection, LLC, or PJM,\\nand New England. Previously, New England also derived its capacity revenues from RMR agreements; however, all RMR\\nagreements expired on May 31, 2010. In South Central, NRG earns significant demand payments from its long-term\\nfull-requirements load contracts with ten Louisiana distribution cooperatives, which are not unit specific. Of the ten\\ncontracts, seven expire in 2025 and account for 56% of the contract load, while the remaining three expire in 2014 and\\ncomprise 44% of contract load. Demand payments from these long term contracts are tied to summer peak demand as well\\nas provide a mechanism for recovering a portion of the costs for mandated environmental projects over the remaining life\\nof the contract. In the West, most of the Company’s sites benefit from either tolling agreements and/or RA contracts.\\n\\nThe table below reflects the plants and relevant capacity revenue sources for the Northeast and West regions, as well as\\nthe Company’s thermal generation facilities:\\n\\nRegion, Market and Facility\\n\\nNortheast Region:\\nNEPOOL (ISO-NE):\\nDevon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConnecticut Jet Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGenConn Devon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMontville . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMiddletown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNorwalk Harbor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPJM:\\nIndian River . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nVienna . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConemaugh . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nKeystone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNew York (NYISO):\\nOswego . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nHuntley . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDunkirk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAstoria Gas Turbines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nArthur Kill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWest Region:\\nCalifornia (CAISO):\\nBlythe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEl Segundo Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEncina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLong Beach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSan Diego Combustion Turbines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThermal:\\nDover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPaxton Creek . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(a)\\n\\n(b)\\n\\n(c)\\n\\n(d)\\n(e)\\n(f)\\n(g)\\n\\nZone\\n\\nSources of\\nCapacity Revenue:\\nMarket Capacity,\\nRMR and Tolling\\nArrangements\\n\\nSWCT\\nSWCT\\nSWCT\\nCT — ROS\\nCT — ROS\\nSWCT\\n\\nLFRM/FCM\\nLFRM/FCM\\nLFRM/FCM (a)\\nFCM (b)\\nFCM (b)\\nFCM (b)\\n\\nPJM — East\\nPJM — East\\nPJM — West\\nPJM — West\\n\\nDPL — South\\nDPL — South\\nPJM — MAAC\\nPJM — MAAC\\n\\nZone C\\nZone A\\nZone A\\nZone J\\nZone J\\n\\nUCAP — ROS\\nUCAP — ROS\\nUCAP — ROS\\nUCAP — NYC\\nUCAP — NYC\\n\\nCAISO\\nCAISO\\nCAISO\\nCAISO\\nCAISO\\n\\nToll (c)\\nRA Capacity (d)\\nToll (e)\\nToll (f)\\nRA Capacity (g)\\n\\nPJM — East\\nPJM — West\\n\\nDPL — South\\nPJM — MAAC\\n\\nGenConn Devon’s energy and capacity are sold pursuant to a 30-year cost of service type contract with The Connecticut Light and Power Company,\\nunder which FCM revenues received are netted against amounts received.\\nRMR agreements expired May 31, 2010, and were replaced by the First Installed Capacity Commitment Period of the FCM effective June 1, 2010.\\nPer the terms of the RMR agreement, any FCM transition capacity payments were offset against approved RMR payments.\\nBlythe reached commercial operations on December 18, 2009 under a renewable power purchase and sale agreement that will terminate on\\nDecember 31, 2029.\\nEl Segundo includes approximately 335 MW and 596 MW of RA contracts for 2010 and 2011, respectively.\\nToll expires December 31, 2011.\\nNRG has purchased back the energy and ancillary service value of the toll through July 31, 2011. Toll expires August 1, 2017.\\nRA contracts covering the entire San Diego Combustion Turbines portfolio during 2010 and 2011 (RA contracts for 88 MW run through\\nNovember 30, 2013).\\n\\n12\",\"name\":\"fintabnet.NRG_2010_page_36__72dpi_medium\",\"page_id\":\"fintabnet.NRG_2010_page_36\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.082,\"source\":\"fintabnet\",\"source_id\":\"NRG_2010_page_36\",\"stack\":[{\"deg\":-1.082,\"op\":\"skew\"},{\"amp\":0.119,\"angle\":209.3,\"blob\":0.478,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.865},{\"offset\":0.046,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[37.3,216.2,571.8,592.0],\"block_orders\":[3,4,9,10,11,12,13,14,15,16,17,18,19,20],\"cells\":null}],\"text\":\"Capacity Revenue Sources\\n\\nNRG revenues and free cash flows benefit from capacity/demand payments originating from either market clearing\\ncapacity prices, Resource Adequacy, or RA, contracts and tolling arrangements as many of NRG’s plants are well situated\\nwithin load pockets and make critical contributions to system stability. Specifically, in the Northeast, the Company’s largest\\nsources for capacity revenues are derived from market capacity auctions in New York, PJM Interconnection, LLC, or PJM,\\nand New England. Previously, New England also derived its capacity revenues from RMR agreements; however, all RMR\\nagreements expired on May 31, 2010. In South Central, NRG earns significant demand payments from its long-term\\nfull-requirements load contracts with ten Louisiana distribution cooperatives, which are not unit specific. Of the ten\\ncontracts, seven expire in 2025 and account for 56% of the contract load, while the remaining three expire in 2014 and\\ncomprise 44% of contract load. Demand payments from these long term contracts are tied to summer peak demand as well\\nas provide a mechanism for recovering a portion of the costs for mandated environmental projects over the remaining life\\nof the contract. In the West, most of the Company’s sites benefit from either tolling agreements and/or RA contracts.\\n\\nThe table below reflects the plants and relevant capacity revenue sources for the Northeast and West regions, as well as\\nthe Company’s thermal generation facilities:\\n\\nRegion, Market and Facility\\n\\nNortheast Region:\\nNEPOOL (ISO-NE):\\nDevon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConnecticut Jet Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGenConn Devon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMontville . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMiddletown . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNorwalk Harbor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPJM:\\nIndian River . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nVienna . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConemaugh . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nKeystone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNew York (NYISO):\\nOswego . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nHuntley . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDunkirk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAstoria Gas Turbines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nArthur Kill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWest Region:\\nCalifornia (CAISO):\\nBlythe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEl Segundo Power . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEncina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLong Beach . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSan Diego Combustion Turbines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThermal:\\nDover . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPaxton Creek . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(a)\\n\\n(b)\\n\\n(c)\\n\\n(d)\\n(e)\\n(f)\\n(g)\\n\\nZone\\n\\nSources of\\nCapacity Revenue:\\nMarket Capacity,\\nRMR and Tolling\\nArrangements\\n\\nSWCT\\nSWCT\\nSWCT\\nCT — ROS\\nCT — ROS\\nSWCT\\n\\nLFRM/FCM\\nLFRM/FCM\\nLFRM/FCM (a)\\nFCM (b)\\nFCM (b)\\nFCM (b)\\n\\nPJM — East\\nPJM — East\\nPJM — West\\nPJM — West\\n\\nDPL — South\\nDPL — South\\nPJM — MAAC\\nPJM — MAAC\\n\\nZone C\\nZone A\\nZone A\\nZone J\\nZone J\\n\\nUCAP — ROS\\nUCAP — ROS\\nUCAP — ROS\\nUCAP — NYC\\nUCAP — NYC\\n\\nCAISO\\nCAISO\\nCAISO\\nCAISO\\nCAISO\\n\\nToll (c)\\nRA Capacity (d)\\nToll (e)\\nToll (f)\\nRA Capacity (g)\\n\\nPJM — East\\nPJM — West\\n\\nDPL — South\\nPJM — MAAC\\n\\nGenConn Devon’s energy and capacity are sold pursuant to a 30-year cost of service type contract with The Connecticut Light and Power Company,\\nunder which FCM revenues received are netted against amounts received.\\nRMR agreements expired May 31, 2010, and were replaced by the First Installed Capacity Commitment Period of the FCM effective June 1, 2010.\\nPer the terms of the RMR agreement, any FCM transition capacity payments were offset against approved RMR payments.\\nBlythe reached commercial operations on December 18, 2009 under a renewable power purchase and sale agreement that will terminate on\\nDecember 31, 2029.\\nEl Segundo includes approximately 335 MW and 596 MW of RA contracts for 2010 and 2011, respectively.\\nToll expires December 31, 2011.\\nNRG has purchased back the energy and ancillary service value of the toll through July 31, 2011. Toll expires August 1, 2017.\\nRA contracts covering the entire San Diego Combustion Turbines portfolio during 2010 and 2011 (RA contracts for 88 MW run through\\nNovember 30, 2013).\\n\\n12\"},\"name\":\"fintabnet.NRG_2010_page_36__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":19284,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:NRG_2010\",\"dpi\":72,\"gt_sha256\":\"71213c9c59569bfda87235f506cd5424213a963fc8dde98547290a422f3d09c0\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NRG_2010_page_36__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.NRG_2010_page_36\",\"pdf_sha256\":\"80456e8c90619502c93d000206aae16b21e3d0d31574866423f3f315a7162d41\",\"px\":[612,774],\"scan\":{\"render\":\"00007ffe7ffe7ffe3c1e7006700e601e601e6016700460167ffe7ff800000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"NRG_2010_page_36\",\"src\":{\"file_sha256\":\"02703a491b8f62bf0782cfca8c4f9e1d52fb42e0fa6efc0589159f95f0168269\",\"render\":\"00007ffe7ffe7ffe3c067006701e601e601e6016700c601e7ffe7ff800000000\",\"text\":\"2d5437a5645766f4c3972235ce39f5c17f018bce826339a843c1ab77bf6ba7cc\"},\"stack\":[{\"deg\":-1.082,\"op\":\"skew\"},{\"amp\":0.119,\"angle\":209.3,\"blob\":0.478,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.865},{\"offset\":0.046,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"80456e8c90619502c93d000206aae16b21e3d0d31574866423f3f315a7162d41\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/80456e8c90619502c93d000206aae16b21e3d0d31574866423f3f315a7162d41.pdf","asset_sha256":"80456e8c90619502c93d000206aae16b21e3d0d31574866423f3f315a7162d41","document_id":"fintabnet:NRG_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2010_page_36\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2010_page_70\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NRG_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[90.9,154.3,312.3,185.9],\"lines\":[{\"bbox\":[90.9,154.3,312.3,185.9],\"text\":\"Thermal Facilities\"}],\"order\":0,\"text\":\"Thermal Facilities\"},{\"bbox\":[92.2,173.3,1559.9,269.3],\"lines\":[{\"bbox\":[147.7,173.3,1559.0,234.6],\"text\":\"The Company’s thermal businesses in Pittsburgh, Harrisburg and San Francisco are regulated by their respective state’s\"},{\"bbox\":[93.0,210.5,1403.3,269.3],\"text\":\"Public Utility Commission. The other thermal businesses are subject to contract terms with their customers.\"}],\"order\":1,\"text\":\"The Company’s thermal businesses in Pittsburgh, Harrisburg and San Francisco are regulated by their respective state’s\\nPublic Utility Commission. The other thermal businesses are subject to contract terms with their customers.\"},{\"bbox\":[149.8,259.2,1455.0,317.9],\"lines\":[{\"bbox\":[149.8,259.2,1455.0,317.9],\"text\":\"The following table summarizes NRG’s thermal steam and chilled water facilities as of December 31, 2010:\"}],\"order\":2,\"text\":\"The following table summarizes NRG’s thermal steam and chilled water facilities as of December 31, 2010:\"},{\"bbox\":[108.5,411.5,405.0,439.9],\"lines\":[{\"bbox\":[108.5,411.5,405.0,439.9],\"text\":\"Name and Location of Facility\"}],\"order\":3,\"text\":\"Name and Location of Facility\"},{\"bbox\":[533.4,406.1,625.7,429.3],\"lines\":[{\"bbox\":[533.4,406.1,625.7,429.3],\"text\":\"% Owned\"}],\"order\":4,\"text\":\"% Owned\"},{\"bbox\":[749.3,396.4,1014.2,423.9],\"lines\":[{\"bbox\":[749.3,396.4,1014.2,423.9],\"text\":\"Thermal Energy Purchaser\"}],\"order\":5,\"text\":\"Thermal Energy Purchaser\"},{\"bbox\":[109.4,447.5,523.8,478.7],\"lines\":[{\"bbox\":[109.4,447.5,523.8,478.7],\"text\":\"NRG Energy Center Minneapolis, MN . .\"}],\"order\":6,\"text\":\"NRG Energy Center Minneapolis, MN . .\"},{\"bbox\":[555.3,445.5,605.8,467.7],\"lines\":[{\"bbox\":[555.3,445.5,605.8,467.7],\"text\":\"100.0\"}],\"order\":7,\"text\":\"100.0\"},{\"bbox\":[637.2,432.5,1128.2,465.6],\"lines\":[{\"bbox\":[637.2,432.5,1128.2,465.6],\"text\":\"Approx. 100 steam and 50 chilled water customers\"}],\"order\":8,\"text\":\"Approx. 100 steam and 50 chilled water customers\"},{\"bbox\":[110.8,503.0,525.9,562.0],\"lines\":[{\"bbox\":[110.8,503.0,525.2,534.3],\"text\":\"NRG Energy Center San Francisco, CA .\"},{\"bbox\":[111.5,530.8,525.9,562.0],\"text\":\"NRG Energy Center Harrisburg, PA . . . .\"}],\"order\":9,\"text\":\"NRG Energy Center San Francisco, CA .\\nNRG Energy Center Harrisburg, PA . . . .\"},{\"bbox\":[556.6,501.0,607.8,551.0],\"lines\":[{\"bbox\":[556.6,501.0,607.1,523.2],\"text\":\"100.0\"},{\"bbox\":[557.3,528.8,607.8,551.0],\"text\":\"100.0\"}],\"order\":10,\"text\":\"100.0\\n100.0\"},{\"bbox\":[638.6,488.4,1113.6,548.9],\"lines\":[{\"bbox\":[638.6,493.2,919.5,521.2],\"text\":\"Approx 170 steam customers\"},{\"bbox\":[639.3,516.2,1113.6,548.9],\"text\":\"Approx 210 steam and 3 chilled water customers\"}],\"order\":11,\"text\":\"Approx 170 steam customers\\nApprox 210 steam and 3 chilled water customers\"},{\"bbox\":[112.9,586.3,527.9,645.4],\"lines\":[{\"bbox\":[112.9,586.3,527.2,617.6],\"text\":\"NRG Energy Center Phoenix, AZ . . . . .\"},{\"bbox\":[113.6,614.1,527.9,645.4],\"text\":\"NRG Energy Center Pittsburgh, PA . . . .\"}],\"order\":12,\"text\":\"NRG Energy Center Phoenix, AZ . . . . .\\nNRG Energy Center Pittsburgh, PA . . . .\"},{\"bbox\":[558.7,584.3,609.9,634.3],\"lines\":[{\"bbox\":[558.7,584.3,609.2,606.5],\"text\":\"100.0\"},{\"bbox\":[559.4,612.1,609.9,634.3],\"text\":\"100.0\"}],\"order\":13,\"text\":\"100.0\\n100.0\"},{\"bbox\":[640.7,571.7,1115.7,632.2],\"lines\":[{\"bbox\":[640.7,575.1,978.2,604.5],\"text\":\"Approx 30 chilled water customers\"},{\"bbox\":[641.4,599.5,1115.7,632.2],\"text\":\"Approx 25 steam and 25 chilled water customers\"}],\"order\":14,\"text\":\"Approx 30 chilled water customers\\nApprox 25 steam and 25 chilled water customers\"},{\"bbox\":[115.0,669.6,530.7,756.4],\"lines\":[{\"bbox\":[115.0,669.6,529.3,700.9],\"text\":\"NRG Energy Center San Diego, CA . . . .\"},{\"bbox\":[115.7,697.4,530.0,728.7],\"text\":\"Camas Power Boiler Camas, WA . . . . . .\"},{\"bbox\":[116.3,725.2,530.7,756.4],\"text\":\"NRG Energy Center Dover, DE . . . . . .\"}],\"order\":15,\"text\":\"NRG Energy Center San Diego, CA . . . .\\nCamas Power Boiler Camas, WA . . . . . .\\nNRG Energy Center Dover, DE . . . . . .\"},{\"bbox\":[560.8,667.6,612.7,745.4],\"lines\":[{\"bbox\":[560.8,667.6,611.3,689.8],\"text\":\"100.0\"},{\"bbox\":[561.5,695.4,612.0,717.6],\"text\":\"100.0\"},{\"bbox\":[562.1,723.1,612.7,745.4],\"text\":\"100.0\"}],\"order\":16,\"text\":\"100.0\\n100.0\\n100.0\"},{\"bbox\":[642.7,654.6,1135.1,743.3],\"lines\":[{\"bbox\":[642.7,658.4,980.3,687.8],\"text\":\"Approx 20 chilled water customers\"},{\"bbox\":[643.4,689.2,862.4,715.6],\"text\":\"Georgia Pacific Group\"},{\"bbox\":[644.1,710.2,1135.1,743.3],\"text\":\"Kraft Foods Inc. and Proctor & Gamble Company\"}],\"order\":17,\"text\":\"Approx 20 chilled water customers\\nGeorgia Pacific Group\\nKraft Foods Inc. and Proctor & Gamble Company\"},{\"bbox\":[1136.2,322.8,1296.2,414.3],\"lines\":[{\"bbox\":[1168.1,323.5,1262.6,346.9],\"text\":\"Megawatt\"},{\"bbox\":[1174.5,345.9,1257.4,368.9],\"text\":\"Thermal\"},{\"bbox\":[1164.3,367.9,1268.6,391.4],\"text\":\"Equivalent\"},{\"bbox\":[1137.8,389.4,1296.2,414.3],\"text\":\"Capacity (MWt)\"}],\"order\":18,\"text\":\"Megawatt\\nThermal\\nEquivalent\\nCapacity (MWt)\"},{\"bbox\":[1380.8,362.4,1489.5,408.2],\"lines\":[{\"bbox\":[1380.8,362.4,1489.0,386.0],\"text\":\"Generating\"},{\"bbox\":[1393.0,384.9,1477.8,408.0],\"text\":\"Capacity\"}],\"order\":19,\"text\":\"Generating\\nCapacity\"},{\"bbox\":[1201.1,429.8,1241.8,729.3],\"lines\":[{\"bbox\":[1201.1,429.8,1234.9,451.6],\"text\":\"334\"},{\"bbox\":[1201.7,457.6,1235.6,479.4],\"text\":\"141\"},{\"bbox\":[1202.4,485.4,1236.3,507.2],\"text\":\"133\"},{\"bbox\":[1203.1,513.1,1237.0,534.9],\"text\":\"129\"},{\"bbox\":[1226.0,540.9,1237.7,562.1],\"text\":\"8\"},{\"bbox\":[1215.6,568.7,1238.3,590.2],\"text\":\"90\"},{\"bbox\":[1216.3,596.4,1239.0,618.0],\"text\":\"87\"},{\"bbox\":[1217.0,624.2,1239.7,645.7],\"text\":\"45\"},{\"bbox\":[1217.7,652.0,1240.4,673.5],\"text\":\"26\"},{\"bbox\":[1218.4,679.7,1241.1,701.3],\"text\":\"59\"},{\"bbox\":[1219.1,707.5,1241.8,729.0],\"text\":\"56\"}],\"order\":20,\"text\":\"334\\n141\\n133\\n129\\n8\\n90\\n87\\n45\\n26\\n59\\n56\"},{\"bbox\":[1307.7,421.6,1572.0,726.7],\"lines\":[{\"bbox\":[1307.8,422.0,1548.4,449.0],\"text\":\"Steam: 1,140 MMBtu/hr.\"},{\"bbox\":[1308.4,449.4,1565.8,476.7],\"text\":\"Chilled Water: 40,200 tons\"},{\"bbox\":[1309.1,477.8,1539.1,504.5],\"text\":\"Steam: 454 MMBtu/Hr.\"},{\"bbox\":[1309.8,505.8,1533.8,532.3],\"text\":\"Steam: 440 MMBtu/hr.\"},{\"bbox\":[1310.5,533.1,1552.3,560.0],\"text\":\"Chilled water: 2,400 tons\"},{\"bbox\":[1311.2,560.6,1564.1,587.8],\"text\":\"Chilled water: 25,600 tons\"},{\"bbox\":[1311.9,589.1,1535.9,615.6],\"text\":\"Steam: 296 MMBtu/hr.\"},{\"bbox\":[1312.6,616.1,1565.5,643.4],\"text\":\"Chilled water: 12,920 tons\"},{\"bbox\":[1313.3,644.2,1555.1,671.1],\"text\":\"Chilled water: 7,425 tons\"},{\"bbox\":[1314.0,672.4,1537.9,698.9],\"text\":\"Steam: 200 MMBtu/hr.\"},{\"bbox\":[1314.6,700.1,1538.6,726.7],\"text\":\"Steam: 190 MMBtu/hr.\"}],\"order\":21,\"text\":\"Steam: 1,140 MMBtu/hr.\\nChilled Water: 40,200 tons\\nSteam: 454 MMBtu/Hr.\\nSteam: 440 MMBtu/hr.\\nChilled water: 2,400 tons\\nChilled water: 25,600 tons\\nSteam: 296 MMBtu/hr.\\nChilled water: 12,920 tons\\nChilled water: 7,425 tons\\nSteam: 200 MMBtu/hr.\\nSteam: 190 MMBtu/hr.\"},{\"bbox\":[162.3,766.6,1390.2,823.3],\"lines\":[{\"bbox\":[162.3,766.6,1390.2,823.3],\"text\":\"The following table summarizes NRG’s thermal power generation facilities as of December 31, 2010:\"}],\"order\":22,\"text\":\"The following table summarizes NRG’s thermal power generation facilities as of December 31, 2010:\"},{\"bbox\":[108.8,872.8,405.3,901.1],\"lines\":[{\"bbox\":[108.8,872.8,405.3,901.1],\"text\":\"Name and Location of Facility\"}],\"order\":23,\"text\":\"Name and Location of Facility\"},{\"bbox\":[920.4,834.2,1064.5,880.9],\"lines\":[{\"bbox\":[920.4,834.2,1064.0,858.7],\"text\":\"Power Market/\"},{\"bbox\":[968.3,857.6,1017.1,879.8],\"text\":\"Zone\"}],\"order\":24,\"text\":\"Power Market/\\nZone\"},{\"bbox\":[1097.3,853.3,1189.6,876.6],\"lines\":[{\"bbox\":[1097.3,853.3,1189.6,876.6],\"text\":\"% Owned\"}],\"order\":25,\"text\":\"% Owned\"},{\"bbox\":[1221.8,826.5,1373.2,873.4],\"lines\":[{\"bbox\":[1243.0,827.0,1351.5,850.7],\"text\":\"Generation\"},{\"bbox\":[1222.4,848.7,1373.2,873.4],\"text\":\"Capacity (MW)\"}],\"order\":26,\"text\":\"Generation\\nCapacity (MW)\"},{\"bbox\":[1443.3,822.4,1537.7,867.9],\"lines\":[{\"bbox\":[1450.2,822.6,1530.2,845.6],\"text\":\"Primary\"},{\"bbox\":[1443.8,844.7,1537.7,867.9],\"text\":\"Fuel Type\"}],\"order\":27,\"text\":\"Primary\\nFuel Type\"},{\"bbox\":[109.8,899.7,889.8,967.8],\"lines\":[{\"bbox\":[109.8,899.7,889.1,940.0],\"text\":\"Paxton Creek Cogeneration Harrisburg, PA . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[110.5,927.4,889.8,967.8],\"text\":\"Dover Cogeneration, DE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":28,\"text\":\"Paxton Creek Cogeneration Harrisburg, PA . . . . . . . . . . . . . . . . . . . . . . . . .\\nDover Cogeneration, DE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[937.1,895.7,1050.9,947.2],\"lines\":[{\"bbox\":[939.4,895.7,1047.9,919.4],\"text\":\"PJM / East\"},{\"bbox\":[937.8,923.4,1050.9,947.2],\"text\":\"PJM / West\"}],\"order\":29,\"text\":\"PJM / East\\nPJM / West\"},{\"bbox\":[1119.1,892.7,1170.3,942.7],\"lines\":[{\"bbox\":[1119.1,892.7,1169.6,914.9],\"text\":\"100.0\"},{\"bbox\":[1119.8,920.5,1170.3,942.7],\"text\":\"100.0\"}],\"order\":30,\"text\":\"100.0\\n100.0\"},{\"bbox\":[1281.8,889.1,1316.4,938.6],\"lines\":[{\"bbox\":[1292.9,889.1,1315.7,910.6],\"text\":\"12\"},{\"bbox\":[1282.5,916.8,1316.3,938.6],\"text\":\"103\"}],\"order\":31,\"text\":\"12\\n103\"},{\"bbox\":[1406.9,882.6,1577.2,935.5],\"lines\":[{\"bbox\":[1432.4,883.2,1551.1,907.1],\"text\":\"Natural Gas\"},{\"bbox\":[1407.6,910.4,1577.2,935.5],\"text\":\"Natural Gas/Coal\"}],\"order\":32,\"text\":\"Natural Gas\\nNatural Gas/Coal\"},{\"bbox\":[112.0,1004.3,318.9,1035.7],\"lines\":[{\"bbox\":[112.0,1004.3,318.9,1035.7],\"text\":\"Other Properties\"}],\"order\":33,\"text\":\"Other Properties\"},{\"bbox\":[113.3,1023.0,1583.4,1219.0],\"lines\":[{\"bbox\":[168.8,1023.0,1580.1,1084.3],\"text\":\"In addition, NRG owns several real properties and facilities relating to its generation assets, other vacant real property\"},{\"bbox\":[114.1,1056.4,1580.9,1119.0],\"text\":\"unrelated to the Company’s generation assets, interest in a construction project, and properties not used for operational\"},{\"bbox\":[114.9,1089.7,1581.7,1152.3],\"text\":\"purposes. NRG believes it has satisfactory title to its plants and facilities in accordance with standards generally accepted in\"},{\"bbox\":[115.8,1123.0,1582.4,1185.6],\"text\":\"the electric power industry, subject to exceptions that, in the Company’s opinion, would not have a material adverse effect\"},{\"bbox\":[116.6,1182.1,544.7,1219.0],\"text\":\"on the use or value of its portfolio.\"}],\"order\":34,\"text\":\"In addition, NRG owns several real properties and facilities relating to its generation assets, other vacant real property\\nunrelated to the Company’s generation assets, interest in a construction project, and properties not used for operational\\npurposes. NRG believes it has satisfactory title to its plants and facilities in accordance with standards generally accepted in\\nthe electric power industry, subject to exceptions that, in the Company’s opinion, would not have a material adverse effect\\non the use or value of its portfolio.\"},{\"bbox\":[117.8,1206.3,1585.4,1302.3],\"lines\":[{\"bbox\":[173.4,1206.3,1584.6,1267.6],\"text\":\"NRG leases its corporate offices at 211 Carnegie Center, Princeton, New Jersey, its Reliant Energy and Green\"},{\"bbox\":[118.7,1254.0,1006.0,1302.3],\"text\":\"Mountain Energy offices and call centers, and various other office space.\"}],\"order\":35,\"text\":\"NRG leases its corporate offices at 211 Carnegie Center, Princeton, New Jersey, its Reliant Energy and Green\\nMountain Energy offices and call centers, and various other office space.\"},{\"bbox\":[856.0,1987.8,884.4,2014.7],\"lines\":[{\"bbox\":[856.0,1987.8,884.4,2014.7],\"text\":\"46\"}],\"order\":36,\"text\":\"46\"}],\"doc\":\"fintabnet:NRG_2010\",\"dpi\":200,\"image_px\":[1700,2150],\"layout\":[],\"markdown\":\"Thermal Facilities\\n\\nThe Company’s thermal businesses in Pittsburgh, Harrisburg and San Francisco are regulated by their respective state’s\\nPublic Utility Commission. The other thermal businesses are subject to contract terms with their customers.\\n\\nThe following table summarizes NRG’s thermal steam and chilled water facilities as of December 31, 2010:\\n\\n|  Name and Location of Facility |  % Owned |  Thermal Energy Purchaser |  Megawatt Thermal Equivalent Capacity (MWt) |  Generating Capacity |\\n| --- | --- | --- | --- | --- |\\n| NRG Energy Center Minneapolis, MN | 100.0 | Approx. 100 steam and 50 chilled water customers | 334 141 | Steam: 1,140 MMBtu/hr. Chilled Water: 40,200 tons |\\n| NRG Energy Center San Francisco, CA | 100.0 | Approx 170 steam customers | 133 | Steam: 454 MMBtu/Hr. |\\n| NRG Energy Center Harrisburg, PA | 100.0 | Approx 210 steam and 3 chilled water customers | 129 8 | Steam: 440 MMBtu/hr. Chilled water: 2,400 tons |\\n| NRG Energy Center Phoenix, AZ | 100.0 | Approx 30 chilled water customers | 90 | Chilled water: 25,600 tons |\\n| NRG Energy Center Pittsburgh, PA | 100.0 | Approx 25 steam and 25 chilled water customers | 87 45 | Steam: 296 MMBtu/hr. Chilled water: 12,920 tons |\\n| NRG Energy Center San Diego, CA | 100.0 | Approx 20 chilled water customers | 26 | Chilled water: 7,425 tons |\\n| Camas Power Boiler Camas, WA | 100.0 | Georgia Pacific Group | 59 | Steam: 200 MMBtu/hr. |\\n| NRG Energy Center Dover, DE | 100.0 | Kraft Foods Inc. and Proctor & Gamble Company | 56 | Steam: 190 MMBtu/hr. |\\n\\nThe following table summarizes NRG’s thermal power generation facilities as of December 31, 2010:\\n\\n|  Name and Location of Facility |  Power Market/ Zone |  % Owned |  Generation Capacity (MW) |  Primary Fuel Type |\\n| --- | --- | --- | --- | --- |\\n| Paxton Creek Cogeneration Harrisburg, PA | PJM / East | 100.0 | 12 | Natural Gas |\\n| Dover Cogeneration, DE | PJM / West | 100.0 | 103 | Natural Gas/Coal |\\n\\nOther Properties\\n\\nIn addition, NRG owns several real properties and facilities relating to its generation assets, other vacant real property\\nunrelated to the Company’s generation assets, interest in a construction project, and properties not used for operational\\npurposes. NRG believes it has satisfactory title to its plants and facilities in accordance with standards generally accepted in\\nthe electric power industry, subject to exceptions that, in the Company’s opinion, would not have a material adverse effect\\non the use or value of its portfolio.\\n\\nNRG leases its corporate offices at 211 Carnegie Center, Princeton, New Jersey, its Reliant Energy and Green\\nMountain Energy offices and call centers, and various other office space.\\n\\n46\",\"name\":\"fintabnet.NRG_2010_page_70__200dpi_medium\",\"page_id\":\"fintabnet.NRG_2010_page_70\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.423,\"source\":\"fintabnet\",\"source_id\":\"NRG_2010_page_70\",\"stack\":[{\"deg\":1.423,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.628},{\"op\":\"noise\",\"sigma\":8.806},{\"gain\":0.758,\"op\":\"contrast\"},{\"bias\":0.087,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":29}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[106.7,310.8,1572.0,756.4],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21],\"cells\":[{\"bbox\":[108.4,410.3,405.0,439.9],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\" Name and Location of Facility\"},{\"bbox\":[533.4,404.8,625.7,429.3],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\" % Owned\"},{\"bbox\":[749.2,395.1,1014.2,424.0],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\" Thermal Energy Purchaser\"},{\"bbox\":[1136.1,321.5,1296.2,414.3],\"c0\":3,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\" Megawatt Thermal Equivalent Capacity (MWt)\"},{\"bbox\":[1380.7,361.1,1489.5,408.3],\"c0\":4,\"c1\":4,\"r0\":0,\"r1\":0,\"text\":\" Generating Capacity\"},{\"bbox\":[109.4,447.1,488.7,478.7],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"NRG Energy Center Minneapolis, MN\"},{\"bbox\":[555.2,444.2,605.8,467.7],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"100.0\"},{\"bbox\":[637.2,431.2,1128.2,465.6],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"Approx. 100 steam and 50 chilled water customers\"},{\"bbox\":[1201.0,428.6,1235.6,479.4],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"334 141\"},{\"bbox\":[1307.7,420.4,1565.8,476.8],\"c0\":4,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\"Steam: 1,140 MMBtu/hr. Chilled Water: 40,200 tons\"},{\"bbox\":[110.8,502.4,500.3,534.3],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"NRG Energy Center San Francisco, CA\"},{\"bbox\":[556.6,499.7,607.2,523.2],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"100.0\"},{\"bbox\":[638.6,492.0,919.5,521.2],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"Approx 170 steam customers\"},{\"bbox\":[1202.4,484.1,1236.3,507.2],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"133\"},{\"bbox\":[1309.1,476.6,1539.2,504.5],\"c0\":4,\"c1\":4,\"r0\":2,\"r1\":2,\"text\":\"Steam: 454 MMBtu/Hr.\"},{\"bbox\":[111.5,531.0,466.1,562.1],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"NRG Energy Center Harrisburg, PA\"},{\"bbox\":[557.3,527.5,607.9,551.0],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"100.0\"},{\"bbox\":[639.3,514.9,1113.6,548.9],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"Approx 210 steam and 3 chilled water customers\"},{\"bbox\":[1203.1,511.9,1237.7,562.7],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"129 8\"},{\"bbox\":[1309.8,504.1,1552.3,560.1],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\"Steam: 440 MMBtu/hr. Chilled water: 2,400 tons\"},{\"bbox\":[112.9,587.1,445.4,617.6],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"NRG Energy Center Phoenix, AZ\"},{\"bbox\":[558.7,583.0,609.2,606.5],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"100.0\"},{\"bbox\":[640.6,573.9,978.3,604.5],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"Approx 30 chilled water customers\"},{\"bbox\":[1215.6,567.4,1238.4,590.2],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"90\"},{\"bbox\":[1311.2,559.3,1564.1,587.8],\"c0\":4,\"c1\":4,\"r0\":4,\"r1\":4,\"text\":\"Chilled water: 25,600 tons\"},{\"bbox\":[113.6,614.5,461.6,645.4],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"NRG Energy Center Pittsburgh, PA\"},{\"bbox\":[559.4,610.8,609.9,634.3],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"100.0\"},{\"bbox\":[641.3,598.2,1115.7,632.3],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"Approx 25 steam and 25 chilled water customers\"},{\"bbox\":[1216.3,595.2,1239.8,645.7],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"87 45\"},{\"bbox\":[1311.8,587.1,1565.5,643.4],\"c0\":4,\"c1\":4,\"r0\":5,\"r1\":5,\"text\":\"Steam: 296 MMBtu/hr. Chilled water: 12,920 tons\"},{\"bbox\":[114.9,669.8,471.6,700.9],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"NRG Energy Center San Diego, CA\"},{\"bbox\":[560.7,666.3,611.3,689.8],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"100.0\"},{\"bbox\":[642.7,657.2,980.3,687.8],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"Approx 20 chilled water customers\"},{\"bbox\":[1217.6,650.7,1240.4,673.5],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"26\"},{\"bbox\":[1313.2,642.9,1555.1,671.1],\"c0\":4,\"c1\":4,\"r0\":6,\"r1\":6,\"text\":\"Chilled water: 7,425 tons\"},{\"bbox\":[115.6,698.5,436.8,728.7],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Camas Power Boiler Camas, WA\"},{\"bbox\":[561.4,694.1,612.0,717.6],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"100.0\"},{\"bbox\":[643.4,687.9,862.4,715.6],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"Georgia Pacific Group\"},{\"bbox\":[1218.3,678.5,1241.1,701.3],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"59\"},{\"bbox\":[1313.9,671.1,1538.0,698.9],\"c0\":4,\"c1\":4,\"r0\":7,\"r1\":7,\"text\":\"Steam: 200 MMBtu/hr.\"},{\"bbox\":[116.3,726.4,432.2,756.4],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"NRG Energy Center Dover, DE\"},{\"bbox\":[562.1,721.9,612.7,745.4],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"100.0\"},{\"bbox\":[644.1,708.9,1135.2,743.3],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"Kraft Foods Inc. and Proctor & Gamble Company\"},{\"bbox\":[1219.0,706.3,1241.8,729.0],\"c0\":3,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"56\"},{\"bbox\":[1314.6,698.9,1538.6,726.7],\"c0\":4,\"c1\":4,\"r0\":8,\"r1\":8,\"text\":\"Steam: 190 MMBtu/hr.\"}]},{\"bbox\":[108.1,816.2,1577.2,967.8],\"block_orders\":[23,24,25,26,27,28,29,30,31,32],\"cells\":[{\"bbox\":[108.8,871.5,405.3,901.1],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\" Name and Location of Facility\"},{\"bbox\":[920.3,832.9,1064.5,880.9],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\" Power Market/ Zone\"},{\"bbox\":[1097.3,852.0,1189.6,876.6],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\" % Owned\"},{\"bbox\":[1221.8,825.3,1373.2,873.5],\"c0\":3,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\" Generation Capacity (MW)\"},{\"bbox\":[1443.2,821.2,1537.7,868.0],\"c0\":4,\"c1\":4,\"r0\":0,\"r1\":0,\"text\":\" Primary Fuel Type\"},{\"bbox\":[109.8,907.5,522.5,940.0],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Paxton Creek Cogeneration Harrisburg, PA\"},{\"bbox\":[939.4,894.5,1047.9,919.4],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"PJM / East\"},{\"bbox\":[1119.1,891.4,1169.7,914.9],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"100.0\"},{\"bbox\":[1292.9,887.8,1315.7,910.6],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"12\"},{\"bbox\":[1432.3,882.0,1551.1,907.1],\"c0\":4,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\"Natural Gas\"},{\"bbox\":[110.4,939.5,355.0,967.8],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Dover Cogeneration, DE\"},{\"bbox\":[937.7,922.2,1050.9,947.2],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"PJM / West\"},{\"bbox\":[1119.8,919.2,1170.3,942.7],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"100.0\"},{\"bbox\":[1282.4,915.6,1316.3,938.6],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"103\"},{\"bbox\":[1407.6,909.1,1577.2,935.5],\"c0\":4,\"c1\":4,\"r0\":2,\"r1\":2,\"text\":\"Natural Gas/Coal\"}]}],\"text\":\"Thermal Facilities\\n\\nThe Company’s thermal businesses in Pittsburgh, Harrisburg and San Francisco are regulated by their respective state’s\\nPublic Utility Commission. The other thermal businesses are subject to contract terms with their customers.\\n\\nThe following table summarizes NRG’s thermal steam and chilled water facilities as of December 31, 2010:\\n\\nName and Location of Facility\\n\\n% Owned\\n\\nThermal Energy Purchaser\\n\\nNRG Energy Center Minneapolis, MN . .\\n\\n100.0\\n\\nApprox. 100 steam and 50 chilled water customers\\n\\nNRG Energy Center San Francisco, CA .\\nNRG Energy Center Harrisburg, PA . . . .\\n\\n100.0\\n100.0\\n\\nApprox 170 steam customers\\nApprox 210 steam and 3 chilled water customers\\n\\nNRG Energy Center Phoenix, AZ . . . . .\\nNRG Energy Center Pittsburgh, PA . . . .\\n\\n100.0\\n100.0\\n\\nApprox 30 chilled water customers\\nApprox 25 steam and 25 chilled water customers\\n\\nNRG Energy Center San Diego, CA . . . .\\nCamas Power Boiler Camas, WA . . . . . .\\nNRG Energy Center Dover, DE . . . . . .\\n\\n100.0\\n100.0\\n100.0\\n\\nApprox 20 chilled water customers\\nGeorgia Pacific Group\\nKraft Foods Inc. and Proctor & Gamble Company\\n\\nMegawatt\\nThermal\\nEquivalent\\nCapacity (MWt)\\n\\nGenerating\\nCapacity\\n\\n334\\n141\\n133\\n129\\n8\\n90\\n87\\n45\\n26\\n59\\n56\\n\\nSteam: 1,140 MMBtu/hr.\\nChilled Water: 40,200 tons\\nSteam: 454 MMBtu/Hr.\\nSteam: 440 MMBtu/hr.\\nChilled water: 2,400 tons\\nChilled water: 25,600 tons\\nSteam: 296 MMBtu/hr.\\nChilled water: 12,920 tons\\nChilled water: 7,425 tons\\nSteam: 200 MMBtu/hr.\\nSteam: 190 MMBtu/hr.\\n\\nThe following table summarizes NRG’s thermal power generation facilities as of December 31, 2010:\\n\\nName and Location of Facility\\n\\nPower Market/\\nZone\\n\\n% Owned\\n\\nGeneration\\nCapacity (MW)\\n\\nPrimary\\nFuel Type\\n\\nPaxton Creek Cogeneration Harrisburg, PA . . . . . . . . . . . . . . . . . . . . . . . . .\\nDover Cogeneration, DE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nPJM / East\\nPJM / West\\n\\n100.0\\n100.0\\n\\n12\\n103\\n\\nNatural Gas\\nNatural Gas/Coal\\n\\nOther Properties\\n\\nIn addition, NRG owns several real properties and facilities relating to its generation assets, other vacant real property\\nunrelated to the Company’s generation assets, interest in a construction project, and properties not used for operational\\npurposes. NRG believes it has satisfactory title to its plants and facilities in accordance with standards generally accepted in\\nthe electric power industry, subject to exceptions that, in the Company’s opinion, would not have a material adverse effect\\non the use or value of its portfolio.\\n\\nNRG leases its corporate offices at 211 Carnegie Center, Princeton, New Jersey, its Reliant Energy and Green\\nMountain Energy offices and call centers, and various other office space.\\n\\n46\"},\"name\":\"fintabnet.NRG_2010_page_70__200dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":49795,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:NRG_2010\",\"dpi\":200,\"gt_sha256\":\"af9c25e1c3a319868babd1fe5e3750ca1c41bc0986aab0e66bcfc01bfa4ddd2a\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NRG_2010_page_70__200dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.NRG_2010_page_70\",\"pdf_sha256\":\"9f5f6b12ed892ed14f25ed3d752eac809ab87864158eb1dccd9cf23dbfff7cab\",\"px\":[1700,2150],\"scan\":{\"render\":\"00007ffc28b47ffe77de7ffc787e7fee7ffe7fc0000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"NRG_2010_page_70\",\"src\":{\"file_sha256\":\"2098350b8f7b2c3a66493b4021fa76497a4df4ec07bf38d2caf13fbbf75c7afb\",\"render\":\"00007ffc009c7ffe738e7ffe707e71007ffe7fc0000000000000000000000000\",\"text\":\"8bbf6927cb03336a3831fc63e3a8d305abb282b3c811b9b62a113f76c3ad84c1\"},\"stack\":[{\"deg\":1.423,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.628},{\"op\":\"noise\",\"sigma\":8.806},{\"gain\":0.758,\"op\":\"contrast\"},{\"bias\":0.087,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":29}],\"tools\":\"21647cade0ee\"},\"sha256\":\"9f5f6b12ed892ed14f25ed3d752eac809ab87864158eb1dccd9cf23dbfff7cab\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/9f5f6b12ed892ed14f25ed3d752eac809ab87864158eb1dccd9cf23dbfff7cab.pdf","asset_sha256":"9f5f6b12ed892ed14f25ed3d752eac809ab87864158eb1dccd9cf23dbfff7cab","document_id":"fintabnet:NRG_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2010_page_70\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2010_page_95\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NRG_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[170.8,211.7,2064.0,251.1],\"lines\":[{\"bbox\":[170.8,211.7,2064.0,251.1],\"text\":\"Management’s discussion of the results of operations for the years ended December 31, 2009, and 2008\"}],\"order\":0,\"text\":\"Management’s discussion of the results of operations for the years ended December 31, 2009, and 2008\"},{\"bbox\":[212.5,286.7,699.5,326.1],\"lines\":[{\"bbox\":[212.5,286.7,699.5,326.1],\"text\":\"Wholesale Power Generation\"}],\"order\":1,\"text\":\"Wholesale Power Generation\"},{\"bbox\":[170.8,361.7,2370.6,451.1],\"lines\":[{\"bbox\":[254.2,361.7,2370.6,401.1],\"text\":\"The following is a more detailed discussion of the energy and capacity revenues and generation cost of sales for NRG’s\"},{\"bbox\":[170.8,411.7,2180.0,451.1],\"text\":\"wholesale power generation regions, adjusted to eliminate intersegment activity primarily with Reliant Energy.\"}],\"order\":2,\"text\":\"The following is a more detailed discussion of the energy and capacity revenues and generation cost of sales for NRG’s\\nwholesale power generation regions, adjusted to eliminate intersegment activity primarily with Reliant Energy.\"},{\"bbox\":[170.8,626.0,673.0,657.5],\"lines\":[{\"bbox\":[170.8,626.0,673.0,657.5],\"text\":\"(In millions except otherwise noted)\"}],\"order\":3,\"text\":\"(In millions except otherwise noted)\"},{\"bbox\":[212.5,686.8,681.6,826.1],\"lines\":[{\"bbox\":[212.5,686.8,681.6,726.1],\"text\":\"Energy revenue . . . . . . .\"},{\"bbox\":[212.5,736.8,681.6,776.1],\"text\":\"Capacity revenue . . . . . .\"},{\"bbox\":[212.5,786.8,681.6,826.1],\"text\":\"Generation cost of sales .\"}],\"order\":4,\"text\":\"Energy revenue . . . . . . .\\nCapacity revenue . . . . . .\\nGeneration cost of sales .\"},{\"bbox\":[170.8,861.8,681.6,1151.1],\"lines\":[{\"bbox\":[170.8,861.8,482.7,901.1],\"text\":\"Business Metrics\"},{\"bbox\":[212.5,911.8,678.5,951.1],\"text\":\"MWh sold (in thousands)\"},{\"bbox\":[212.5,961.8,573.0,1001.1],\"text\":\"MWh generated (in\"},{\"bbox\":[254.2,1011.8,681.6,1051.1],\"text\":\"thousands) . . . . . . . . .\"},{\"bbox\":[212.5,1061.8,661.2,1101.1],\"text\":\"Average on-peak market\"},{\"bbox\":[254.2,1111.8,665.9,1151.1],\"text\":\"power prices ($/MWh)\"}],\"order\":5,\"text\":\"Business Metrics\\nMWh sold (in thousands)\\nMWh generated (in\\nthousands) . . . . . . . . .\\nAverage on-peak market\\npower prices ($/MWh)\"},{\"bbox\":[170.8,1351.0,673.0,1382.5],\"lines\":[{\"bbox\":[170.8,1351.0,673.0,1382.5],\"text\":\"(In millions except otherwise noted)\"}],\"order\":6,\"text\":\"(In millions except otherwise noted)\"},{\"bbox\":[212.5,1411.8,681.6,1551.1],\"lines\":[{\"bbox\":[212.5,1411.8,681.6,1451.1],\"text\":\"Energy revenue . . . . . . .\"},{\"bbox\":[212.5,1461.8,681.6,1501.1],\"text\":\"Capacity revenue . . . . . .\"},{\"bbox\":[212.5,1511.8,681.6,1551.1],\"text\":\"Generation cost of sales .\"}],\"order\":7,\"text\":\"Energy revenue . . . . . . .\\nCapacity revenue . . . . . .\\nGeneration cost of sales .\"},{\"bbox\":[170.8,1586.8,681.6,1876.1],\"lines\":[{\"bbox\":[170.8,1586.8,482.7,1626.1],\"text\":\"Business Metrics\"},{\"bbox\":[212.5,1636.8,678.5,1676.1],\"text\":\"MWh sold (in thousands)\"},{\"bbox\":[212.5,1686.8,573.0,1726.1],\"text\":\"MWh generated (in\"},{\"bbox\":[254.2,1736.8,681.6,1776.1],\"text\":\"thousands) . . . . . . . . .\"},{\"bbox\":[212.5,1786.8,661.2,1826.1],\"text\":\"Average on-peak market\"},{\"bbox\":[254.2,1836.8,665.9,1876.1],\"text\":\"power prices ($/MWh)\"}],\"order\":8,\"text\":\"Business Metrics\\nMWh sold (in thousands)\\nMWh generated (in\\nthousands) . . . . . . . . .\\nAverage on-peak market\\npower prices ($/MWh)\"},{\"bbox\":[767.8,626.0,847.6,657.5],\"lines\":[{\"bbox\":[767.8,626.0,847.6,657.5],\"text\":\"Texas\"}],\"order\":9,\"text\":\"Texas\"},{\"bbox\":[739.9,686.8,875.4,826.1],\"lines\":[{\"bbox\":[739.9,686.8,875.4,726.1],\"text\":\"$ 2,770\"},{\"bbox\":[812.8,736.8,875.3,776.1],\"text\":\"193\"},{\"bbox\":[812.9,786.8,875.4,826.1],\"text\":\"948\"}],\"order\":10,\"text\":\"$ 2,770\\n193\\n948\"},{\"bbox\":[933.7,626.0,1077.0,657.5],\"lines\":[{\"bbox\":[933.7,626.0,1077.0,657.5],\"text\":\"Northeast\"}],\"order\":11,\"text\":\"Northeast\"},{\"bbox\":[937.6,686.8,958.4,726.1],\"lines\":[{\"bbox\":[937.6,686.8,958.4,726.1],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[1010.6,686.8,1073.1,826.1],\"lines\":[{\"bbox\":[1010.6,686.8,1073.1,726.1],\"text\":\"873\"},{\"bbox\":[1010.6,736.8,1073.1,776.1],\"text\":\"407\"},{\"bbox\":[1010.6,786.8,1073.1,826.1],\"text\":\"408\"}],\"order\":13,\"text\":\"873\\n407\\n408\"},{\"bbox\":[1135.3,476.0,1878.7,657.5],\"lines\":[{\"bbox\":[1328.2,476.0,1782.5,507.5],\"text\":\"Year Ended December 31, 2009\"},{\"bbox\":[1761.2,526.0,1833.9,557.5],\"text\":\"Total\"},{\"bbox\":[1724.1,559.4,1871.1,590.8],\"text\":\"Wholesale\"},{\"bbox\":[1754.0,592.7,1841.2,624.1],\"text\":\"Power\"},{\"bbox\":[1135.3,626.0,1341.5,657.5],\"text\":\"South Central\"},{\"bbox\":[1422.8,626.0,1491.4,657.5],\"text\":\"West\"},{\"bbox\":[1572.8,626.0,1658.3,657.5],\"text\":\"Other\"},{\"bbox\":[1716.6,626.0,1878.7,657.5],\"text\":\"Generation\"}],\"order\":14,\"text\":\"Year Ended December 31, 2009\\nTotal\\nWholesale\\nPower\\nSouth 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—\"},{\"bbox\":[2037.9,1461.8,2079.6,1501.1],\"text\":\"—\"},{\"bbox\":[2038.0,1511.8,2079.6,1551.1],\"text\":\"—\"}],\"order\":81,\"text\":\"$ —\\n—\\n—\"},{\"bbox\":[2218.8,1411.8,2333.4,1551.1],\"lines\":[{\"bbox\":[2218.8,1411.8,2333.4,1451.1],\"text\":\"$4,408\"},{\"bbox\":[2239.6,1461.8,2333.3,1501.1],\"text\":\"1,343\"},{\"bbox\":[2239.6,1511.8,2333.4,1551.1],\"text\":\"2,576\"}],\"order\":82,\"text\":\"$4,408\\n1,343\\n2,576\"},{\"bbox\":[1422.8,1976.0,1491.4,2007.5],\"lines\":[{\"bbox\":[1422.8,1976.0,1491.4,2007.5],\"text\":\"West\"}],\"order\":83,\"text\":\"West\"},{\"bbox\":[254.2,2559.4,2370.7,2715.8],\"lines\":[{\"bbox\":[254.2,2559.4,2370.6,2590.8],\"text\":\"National Oceanic and Atmospheric Administration-Climate Prediction Center — A Cooling Degree Day, or CDD, represents the number of degrees\"},{\"bbox\":[254.2,2601.0,2370.7,2632.5],\"text\":\"that the mean temperature for a particular day is above 65 degrees Fahrenheit in each region. A Heating Degree Day, or HDD, represents the\"},{\"bbox\":[254.2,2642.7,2370.5,2674.2],\"text\":\"number of degrees that the mean temperature for a particular day is below 65 degrees Fahrenheit in each region. The CDDs/HDDs for a period of\"},{\"bbox\":[254.2,2684.4,1412.7,2715.8],\"text\":\"time are calculated by adding the CDDs/HDDs for each day during the period.\"}],\"order\":84,\"text\":\"National Oceanic and Atmospheric Administration-Climate Prediction Center — A Cooling Degree Day, or CDD, represents the number of degrees\\nthat the mean temperature for a particular day is above 65 degrees Fahrenheit in each region. A Heating Degree Day, or HDD, represents the\\nnumber of degrees that the mean temperature for a particular day is below 65 degrees Fahrenheit in each region. The CDDs/HDDs for a period of\\ntime are calculated by adding the CDDs/HDDs for each day during the period.\"},{\"bbox\":[1250.0,2982.6,1291.7,3021.9],\"lines\":[{\"bbox\":[1250.0,2982.6,1291.7,3021.9],\"text\":\"71\"}],\"order\":85,\"text\":\"71\"}],\"doc\":\"fintabnet:NRG_2010\",\"dpi\":300,\"image_px\":[2550,3225],\"layout\":[],\"markdown\":\"Management’s discussion of the results of operations for the years ended December 31, 2009, and 2008\\n\\nWholesale Power Generation\\n\\nThe following is a more detailed discussion of the energy and capacity revenues and generation cost of sales for NRG’s\\nwholesale power generation regions, adjusted to eliminate intersegment activity primarily with Reliant Energy.\\n\\n(In millions except otherwise noted)\\n\\nEnergy revenue . . . . . . .\\nCapacity revenue . . . . . .\\nGeneration cost of sales .\\n\\nBusiness Metrics\\nMWh sold (in thousands)\\nMWh generated (in\\nthousands) . . . . . . . . .\\nAverage on-peak market\\npower prices ($/MWh)\\n\\n(In millions except otherwise noted)\\n\\nEnergy revenue . . . . . . .\\nCapacity revenue . . . . . .\\nGeneration cost of sales .\\n\\nBusiness Metrics\\nMWh sold (in thousands)\\nMWh generated (in\\nthousands) . . . . . . . . .\\nAverage on-peak market\\npower prices ($/MWh)\\n\\nTexas\\n\\n$ 2,770\\n193\\n948\\n\\nNortheast\\n\\n$\\n\\n873\\n407\\n408\\n\\nYear Ended December 31, 2009\\nTotal\\nWholesale\\nPower\\nSouth Central\\nWest\\nOther\\nGeneration\\n\\n$\\n\\n367\\n269\\n387\\n\\n$\\n\\n26\\n122\\n29\\n\\n47,259\\n\\n9,220\\n\\n12,144\\n\\n386\\n\\n44,993\\n\\n9,220\\n\\n10,398\\n\\n386\\n\\n$ 35.43\\n\\n$ 46.14\\n\\n$ 33.58\\n\\n$39.70\\n\\n$4,087\\n1,070\\n1,882\\n\\nYear Ended December 31, 2008\\nTotal\\nWholesale\\nPower\\nSouth Central\\nWest\\nOther\\nGeneration\\n\\nTexas\\n\\nNortheast\\n\\n$ 2,775\\n493\\n1,253\\n\\n$ 1,076\\n406\\n695\\n\\n47,806\\n\\n13,349\\n\\n12,447\\n\\n526\\n\\n46,937\\n\\n13,349\\n\\n11,148\\n\\n526\\n\\n$ 86.23\\n\\n$ 91.68\\n\\n$ 71.25\\n\\n$82.20\\n\\n$\\n\\n462\\n233\\n468\\n\\nYear Ended December 31,\\nNortheast\\nSouth Central\\n\\n$\\n\\n39\\n125\\n35\\n\\nWeather Metrics\\n\\nTexas\\n\\n2009\\nCDDs (a) . . . . . . . . . . . .\\nHDDs (a) . . . . . . . . . . . .\\n\\n2,881\\n1,890\\n\\n475\\n6,286\\n\\n1,549\\n3,521\\n\\n908\\n3,105\\n\\n2008\\nCDDs . . . . . . . . . . . . . .\\nHDDs . . . . . . . . . . . . . .\\n\\n2,719\\n1,961\\n\\n611\\n6,057\\n\\n1,618\\n3,672\\n\\n953\\n3,190\\n\\n30 year average\\nCDDs . . . . . . . . . . . . . .\\nHDDs . . . . . . . . . . . . . .\\n\\n2,647\\n1,997\\n\\n537\\n6,262\\n\\n1,548\\n3,604\\n\\n704\\n3,228\\n\\n(a)\\n\\n$ 51\\n79\\n110\\n\\n$ 56\\n86\\n125\\n\\n$4,408\\n1,343\\n2,576\\n\\nEliminations\\n\\nConsolidated\\nTotal\\n\\n$(361)\\n(47)\\n—\\n\\n$3,726\\n1,023\\n1,882\\n\\nEliminations\\n\\nConsolidated\\nTotal\\n\\n$ —\\n—\\n—\\n\\n$4,408\\n1,343\\n2,576\\n\\nWest\\n\\nNational Oceanic and Atmospheric Administration-Climate Prediction Center — A Cooling Degree Day, or CDD, represents the number of degrees\\nthat the mean temperature for a particular day is above 65 degrees Fahrenheit in each region. A Heating Degree Day, or HDD, represents the\\nnumber of degrees that the mean temperature for a particular day is below 65 degrees Fahrenheit in each region. The CDDs/HDDs for a period of\\ntime are calculated by adding the CDDs/HDDs for each day during the period.\\n\\n71\",\"name\":\"fintabnet.NRG_2010_page_95__300dpi_mild\",\"page_id\":\"fintabnet.NRG_2010_page_95\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"NRG_2010_page_95\",\"stack\":[{\"amp\":0.033,\"angle\":29.4,\"blob\":0.628,\"op\":\"illumination\"},{\"op\":\"jpeg\",\"q\":80}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[170.8,1918.2,1514.4,2527.1],\"block_orders\":[51,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,83],\"cells\":null}],\"text\":\"Management’s discussion of the results of operations for the years ended December 31, 2009, and 2008\\n\\nWholesale Power Generation\\n\\nThe following is a more detailed discussion of the energy and capacity revenues and generation cost of sales for NRG’s\\nwholesale power generation regions, adjusted to eliminate intersegment activity primarily with Reliant Energy.\\n\\n(In millions except otherwise noted)\\n\\nEnergy revenue . . . . . . .\\nCapacity revenue . . . . . .\\nGeneration cost of sales .\\n\\nBusiness Metrics\\nMWh sold (in thousands)\\nMWh generated (in\\nthousands) . . . . . . . . .\\nAverage on-peak market\\npower prices ($/MWh)\\n\\n(In millions except otherwise noted)\\n\\nEnergy revenue . . . . . . .\\nCapacity revenue . . . . . .\\nGeneration cost of sales .\\n\\nBusiness Metrics\\nMWh sold (in thousands)\\nMWh generated (in\\nthousands) . . . . . . . . .\\nAverage on-peak market\\npower prices ($/MWh)\\n\\nTexas\\n\\n$ 2,770\\n193\\n948\\n\\nNortheast\\n\\n$\\n\\n873\\n407\\n408\\n\\nYear Ended December 31, 2009\\nTotal\\nWholesale\\nPower\\nSouth Central\\nWest\\nOther\\nGeneration\\n\\n$\\n\\n367\\n269\\n387\\n\\n$\\n\\n26\\n122\\n29\\n\\n47,259\\n\\n9,220\\n\\n12,144\\n\\n386\\n\\n44,993\\n\\n9,220\\n\\n10,398\\n\\n386\\n\\n$ 35.43\\n\\n$ 46.14\\n\\n$ 33.58\\n\\n$39.70\\n\\n$4,087\\n1,070\\n1,882\\n\\nYear Ended December 31, 2008\\nTotal\\nWholesale\\nPower\\nSouth Central\\nWest\\nOther\\nGeneration\\n\\nTexas\\n\\nNortheast\\n\\n$ 2,775\\n493\\n1,253\\n\\n$ 1,076\\n406\\n695\\n\\n47,806\\n\\n13,349\\n\\n12,447\\n\\n526\\n\\n46,937\\n\\n13,349\\n\\n11,148\\n\\n526\\n\\n$ 86.23\\n\\n$ 91.68\\n\\n$ 71.25\\n\\n$82.20\\n\\n$\\n\\n462\\n233\\n468\\n\\nYear Ended December 31,\\nNortheast\\nSouth Central\\n\\n$\\n\\n39\\n125\\n35\\n\\nWeather Metrics\\n\\nTexas\\n\\n2009\\nCDDs (a) . . . . . . . . . . . .\\nHDDs (a) . . . . . . . . . . . .\\n\\n2,881\\n1,890\\n\\n475\\n6,286\\n\\n1,549\\n3,521\\n\\n908\\n3,105\\n\\n2008\\nCDDs . . . . . . . . . . . . . .\\nHDDs . . . . . . . . . . . . . .\\n\\n2,719\\n1,961\\n\\n611\\n6,057\\n\\n1,618\\n3,672\\n\\n953\\n3,190\\n\\n30 year average\\nCDDs . . . . . . . . . . . . . .\\nHDDs . . . . . . . . . . . . . .\\n\\n2,647\\n1,997\\n\\n537\\n6,262\\n\\n1,548\\n3,604\\n\\n704\\n3,228\\n\\n(a)\\n\\n$ 51\\n79\\n110\\n\\n$ 56\\n86\\n125\\n\\n$4,408\\n1,343\\n2,576\\n\\nEliminations\\n\\nConsolidated\\nTotal\\n\\n$(361)\\n(47)\\n—\\n\\n$3,726\\n1,023\\n1,882\\n\\nEliminations\\n\\nConsolidated\\nTotal\\n\\n$ —\\n—\\n—\\n\\n$4,408\\n1,343\\n2,576\\n\\nWest\\n\\nNational Oceanic and Atmospheric Administration-Climate Prediction Center — A Cooling Degree Day, or CDD, represents the number of degrees\\nthat the mean temperature for a particular day is above 65 degrees Fahrenheit in each region. A Heating Degree Day, or HDD, represents the\\nnumber of degrees that the mean temperature for a particular day is below 65 degrees Fahrenheit in each region. The CDDs/HDDs for a period of\\ntime are calculated by adding the CDDs/HDDs for each day during the period.\\n\\n71\"},\"name\":\"fintabnet.NRG_2010_page_95__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":608875,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:NRG_2010\",\"dpi\":300,\"gt_sha256\":\"8da0bfaf5ec0932d446b48e747d49c7bda4bbab653d13d69a1077d7116b6a5ba\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NRG_2010_page_95__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.NRG_2010_page_95\",\"pdf_sha256\":\"4c0936ced77228e8a986d8b9cd2621c4788561995fefec06c75c573ba48a787e\",\"px\":[2550,3225],\"scan\":{\"render\":\"00007ff800f877fe7000760070fa761272007780464060407ffe3ffe00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"NRG_2010_page_95\",\"src\":{\"file_sha256\":\"558bd613017b608b8babd3730d59a90bc81a3bea389c14b2f73d915682604f1a\",\"render\":\"00007ff80ffe7ffe700072407ffe7612720067c0674060007ffe3f8000000000\",\"text\":\"c96ab93c8fcf50ec4cc4bd774d14a411c404ce04899ed8a3e29b1f54fb54f09e\"},\"stack\":[{\"amp\":0.033,\"angle\":29.4,\"blob\":0.628,\"op\":\"illumination\"},{\"op\":\"jpeg\",\"q\":80}],\"tools\":\"21647cade0ee\"},\"sha256\":\"4c0936ced77228e8a986d8b9cd2621c4788561995fefec06c75c573ba48a787e\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/4c0936ced77228e8a986d8b9cd2621c4788561995fefec06c75c573ba48a787e.pdf","asset_sha256":"4c0936ced77228e8a986d8b9cd2621c4788561995fefec06c75c573ba48a787e","document_id":"fintabnet:NRG_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2010_page_95\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2013_page_221\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NRG_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[77.3,57.7,99.3,71.7],\"lines\":[{\"bbox\":[77.3,57.7,99.3,71.7],\"text\":\"4.85\"}],\"order\":0,\"text\":\"4.85\"},{\"bbox\":[145.0,58.4,489.0,113.4],\"lines\":[{\"bbox\":[145.4,58.4,488.5,75.9],\"text\":\"Ninety-Eighth Supplemental Indenture, dated as of September 4, 2013,\"},{\"bbox\":[145.2,70.9,488.4,88.4],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[145.1,83.4,488.7,100.9],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[145.0,95.9,331.5,111.7],\"text\":\"Inc.’s 7.625% Senior Notes due 2018\"}],\"order\":1,\"text\":\"Ninety-Eighth Supplemental Indenture, dated as of September 4, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018\"},{\"bbox\":[506.2,62.3,780.2,104.0],\"lines\":[{\"bbox\":[506.5,62.3,780.2,79.0],\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\"},{\"bbox\":[506.3,74.8,780.1,91.5],\"text\":\"Registrant’s current report on Form 8-K filed on\"},{\"bbox\":[506.2,87.3,603.5,102.1],\"text\":\"September 6, 2013.\"}],\"order\":2,\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\"},{\"bbox\":[76.7,114.6,98.7,128.7],\"lines\":[{\"bbox\":[76.7,114.6,98.7,128.7],\"text\":\"4.86\"}],\"order\":3,\"text\":\"4.86\"},{\"bbox\":[144.4,115.3,488.3,170.3],\"lines\":[{\"bbox\":[144.8,115.3,488.0,132.8],\"text\":\"Ninety-Ninth Supplemental Indenture, dated as of September 4, 2013,\"},{\"bbox\":[144.6,127.8,487.8,145.3],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[144.5,140.3,488.1,157.8],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[144.4,152.8,334.0,168.7],\"text\":\"Inc.’s 7.625% Senior Notes due 2019.\"}],\"order\":4,\"text\":\"Ninety-Ninth Supplemental Indenture, dated as of September 4, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2019.\"},{\"bbox\":[505.6,119.2,779.6,161.0],\"lines\":[{\"bbox\":[505.8,119.2,779.6,136.0],\"text\":\"Incorporated herein by reference to Exhibit 4.4 to the\"},{\"bbox\":[505.7,131.7,779.5,148.5],\"text\":\"Registrant’s current report on Form 8-K filed on\"},{\"bbox\":[505.6,144.2,602.9,159.1],\"text\":\"September 6, 2013.\"}],\"order\":5,\"text\":\"Incorporated herein by reference to Exhibit 4.4 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\"},{\"bbox\":[76.1,171.6,98.1,185.6],\"lines\":[{\"bbox\":[76.1,171.6,98.1,185.6],\"text\":\"4.87\"}],\"order\":6,\"text\":\"4.87\"},{\"bbox\":[143.7,172.3,487.3,227.3],\"lines\":[{\"bbox\":[144.1,172.3,487.3,189.8],\"text\":\"One Hundredth Supplemental Indenture, dated as of September 4,\"},{\"bbox\":[144.0,184.8,487.2,202.3],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[143.9,197.3,487.1,214.8],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[143.7,209.8,374.7,226.1],\"text\":\"Energy, Inc.’s 7.875% Senior Notes due 2021.\"}],\"order\":7,\"text\":\"One Hundredth Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\"},{\"bbox\":[505.0,176.1,779.0,217.9],\"lines\":[{\"bbox\":[505.2,176.1,779.0,192.9],\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\"},{\"bbox\":[505.1,188.6,778.8,205.4],\"text\":\"Registrant’s current report on Form 8-K filed on\"},{\"bbox\":[505.0,201.1,602.3,216.0],\"text\":\"September 6, 2013.\"}],\"order\":8,\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\"},{\"bbox\":[75.5,228.5,97.5,242.6],\"lines\":[{\"bbox\":[75.5,228.5,97.5,242.6],\"text\":\"4.88\"}],\"order\":9,\"text\":\"4.88\"},{\"bbox\":[143.1,229.2,486.7,284.2],\"lines\":[{\"bbox\":[143.5,229.2,486.7,246.7],\"text\":\"One Hundred-First Supplemental Indenture, dated as of September 4,\"},{\"bbox\":[143.4,241.7,486.6,259.2],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[143.3,254.2,486.5,271.7],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[143.1,266.7,374.1,283.0],\"text\":\"Energy, Inc.’s 6.625% Senior Notes due 2023.\"}],\"order\":10,\"text\":\"One Hundred-First Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.625% Senior Notes due 2023.\"},{\"bbox\":[504.4,233.1,778.4,274.8],\"lines\":[{\"bbox\":[504.6,233.1,778.4,249.8],\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\"},{\"bbox\":[504.5,245.6,778.2,262.3],\"text\":\"Registrant’s current report on Form 8-K filed on\"},{\"bbox\":[504.4,258.1,601.7,273.0],\"text\":\"September 6, 2013.\"}],\"order\":11,\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\"},{\"bbox\":[74.9,285.4,96.9,299.5],\"lines\":[{\"bbox\":[74.9,285.4,96.9,299.5],\"text\":\"4.89\"}],\"order\":12,\"text\":\"4.89\"},{\"bbox\":[142.5,286.2,486.1,341.2],\"lines\":[{\"bbox\":[142.9,286.2,486.1,303.7],\"text\":\"One Hundred-Second Supplemental Indenture, dated as of October 7,\"},{\"bbox\":[142.8,298.7,486.0,316.2],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[142.7,311.2,485.8,328.7],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[142.5,323.7,361.0,339.8],\"text\":\"Energy, Inc.’s 8.5% Senior Notes due 2019.\"}],\"order\":13,\"text\":\"One Hundred-Second Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.5% Senior Notes due 2019.\"},{\"bbox\":[503.8,290.0,777.8,331.8],\"lines\":[{\"bbox\":[504.0,290.0,777.8,306.8],\"text\":\"Incorporated herein by reference to Exhibit 4.1 to the\"},{\"bbox\":[503.9,302.5,777.6,319.3],\"text\":\"Registrant’s current report on Form 8-K filed on October\"},{\"bbox\":[503.8,315.0,544.5,329.3],\"text\":\"8, 2013.\"}],\"order\":14,\"text\":\"Incorporated herein by reference to Exhibit 4.1 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\"},{\"bbox\":[74.3,342.4,96.3,356.5],\"lines\":[{\"bbox\":[74.3,342.4,96.3,356.5],\"text\":\"4.90\"}],\"order\":15,\"text\":\"4.90\"},{\"bbox\":[141.9,343.1,485.5,398.1],\"lines\":[{\"bbox\":[142.3,343.1,485.5,360.6],\"text\":\"One Hundred-Third Supplemental Indenture, dated as of October 7,\"},{\"bbox\":[142.2,355.6,485.4,373.1],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[142.1,368.1,485.2,385.6],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[141.9,380.6,366.7,396.8],\"text\":\"Energy, Inc.’s 8.25% Senior Notes due 2020.\"}],\"order\":16,\"text\":\"One Hundred-Third Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.25% Senior Notes due 2020.\"},{\"bbox\":[503.1,347.0,777.2,388.7],\"lines\":[{\"bbox\":[503.4,347.0,777.2,363.7],\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\"},{\"bbox\":[503.3,359.5,777.0,376.2],\"text\":\"Registrant’s current report on Form 8-K filed on October\"},{\"bbox\":[503.1,372.0,543.9,386.2],\"text\":\"8, 2013.\"}],\"order\":17,\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\"},{\"bbox\":[73.7,399.3,95.7,413.4],\"lines\":[{\"bbox\":[73.7,399.3,95.7,413.4],\"text\":\"4.91\"}],\"order\":18,\"text\":\"4.91\"},{\"bbox\":[141.3,400.1,484.9,455.1],\"lines\":[{\"bbox\":[141.7,400.1,484.9,417.6],\"text\":\"One Hundred-Fourth Supplemental Indenture, dated as of October 7,\"},{\"bbox\":[141.6,412.6,484.8,430.1],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[141.4,425.1,484.6,442.6],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[141.3,437.5,372.3,453.9],\"text\":\"Energy, Inc.’s 7.625% Senior Notes due 2018.\"}],\"order\":19,\"text\":\"One Hundred-Fourth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.625% Senior Notes due 2018.\"},{\"bbox\":[502.5,403.9,776.6,445.7],\"lines\":[{\"bbox\":[502.8,403.9,776.5,420.7],\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\"},{\"bbox\":[502.7,416.4,776.4,433.2],\"text\":\"Registrant’s current report on Form 8-K filed on October\"},{\"bbox\":[502.5,428.9,543.3,443.2],\"text\":\"8, 2013.\"}],\"order\":20,\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\"},{\"bbox\":[73.1,456.3,95.1,470.3],\"lines\":[{\"bbox\":[73.1,456.3,95.1,470.3],\"text\":\"4.92\"}],\"order\":21,\"text\":\"4.92\"},{\"bbox\":[140.7,457.0,484.3,512.0],\"lines\":[{\"bbox\":[141.1,457.0,484.3,474.5],\"text\":\"One Hundred-Fifth Supplemental Indenture, dated as of October 7,\"},{\"bbox\":[141.0,469.5,484.2,487.0],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[140.8,482.0,484.0,499.5],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[140.7,494.5,371.7,510.8],\"text\":\"Energy, Inc.’s 7.625% Senior Notes due 2019.\"}],\"order\":22,\"text\":\"One Hundred-Fifth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.625% Senior Notes due 2019.\"},{\"bbox\":[501.9,460.9,776.0,502.6],\"lines\":[{\"bbox\":[502.2,460.9,775.9,477.6],\"text\":\"Incorporated herein by reference to Exhibit 4.4 to the\"},{\"bbox\":[502.1,473.3,775.8,490.1],\"text\":\"Registrant’s current report on Form 8-K filed on October\"},{\"bbox\":[501.9,485.8,542.7,500.1],\"text\":\"8, 2013.\"}],\"order\":23,\"text\":\"Incorporated herein by reference to Exhibit 4.4 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\"},{\"bbox\":[72.4,513.2,94.5,527.3],\"lines\":[{\"bbox\":[72.4,513.2,94.5,527.3],\"text\":\"4.93\"}],\"order\":24,\"text\":\"4.93\"},{\"bbox\":[140.1,513.9,483.7,568.9],\"lines\":[{\"bbox\":[140.5,513.9,483.7,531.4],\"text\":\"One Hundred-Sixth Supplemental Indenture, dated as of October 7,\"},{\"bbox\":[140.4,526.4,483.6,543.9],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[140.2,538.9,483.4,556.4],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[140.1,551.4,371.1,567.7],\"text\":\"Energy, Inc.’s 7.875% Senior Notes due 2021.\"}],\"order\":25,\"text\":\"One Hundred-Sixth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\"},{\"bbox\":[501.3,517.8,775.3,559.5],\"lines\":[{\"bbox\":[501.6,517.8,775.3,534.6],\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\"},{\"bbox\":[501.5,530.3,775.2,547.1],\"text\":\"Registrant’s current report on Form 8-K filed on October\"},{\"bbox\":[501.3,542.8,542.1,557.1],\"text\":\"8, 2013.\"}],\"order\":26,\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\"},{\"bbox\":[71.8,570.1,93.9,584.2],\"lines\":[{\"bbox\":[71.8,570.1,93.9,584.2],\"text\":\"4.94\"}],\"order\":27,\"text\":\"4.94\"},{\"bbox\":[139.5,570.9,483.1,625.9],\"lines\":[{\"bbox\":[139.9,570.9,483.1,588.4],\"text\":\"One Hundred-Seventh Supplemental Indenture, dated as of October\"},{\"bbox\":[139.8,583.4,482.9,600.9],\"text\":\"7, 2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[139.6,595.9,482.8,613.4],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[139.5,608.4,370.5,624.7],\"text\":\"Energy, Inc.’s 6.626% Senior Notes due 2023.\"}],\"order\":28,\"text\":\"One Hundred-Seventh Supplemental Indenture, dated as of October\\n7, 2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.626% Senior Notes due 2023.\"},{\"bbox\":[500.7,574.7,774.7,616.5],\"lines\":[{\"bbox\":[501.0,574.7,774.7,591.5],\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\"},{\"bbox\":[500.8,587.2,774.6,604.0],\"text\":\"Registrant’s current report on Form 8-K filed on October\"},{\"bbox\":[500.7,599.7,541.5,614.0],\"text\":\"8, 2013.\"}],\"order\":29,\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\"},{\"bbox\":[71.2,627.1,93.3,641.2],\"lines\":[{\"bbox\":[71.2,627.1,93.3,641.2],\"text\":\"4.95\"}],\"order\":30,\"text\":\"4.95\"},{\"bbox\":[138.5,627.8,482.5,720.3],\"lines\":[{\"bbox\":[139.3,627.8,482.5,645.3],\"text\":\"One Hundred-Eighth Supplemental Indenture, dated as of\"},{\"bbox\":[139.1,640.3,482.4,657.8],\"text\":\"November 13, 2013, among NRG Energy, Inc., the guarantors named\"},{\"bbox\":[139.0,652.8,482.2,670.3],\"text\":\"therein and Law Debenture Trust Company of New York as trustee,\"},{\"bbox\":[138.9,665.3,482.1,682.8],\"text\":\"re: NRG Energy, Inc.’s 8.5% Senior Notes due 2019, 8.25% Senior\"},{\"bbox\":[138.7,677.8,481.9,695.3],\"text\":\"Notes due 2020, 7.625% Senior Notes due 2018, 7.625% Senior Notes\"},{\"bbox\":[138.6,690.3,481.8,707.8],\"text\":\"due 2019, 7.875% Senior Notes due 2021 and 6.625% Senior Notes\"},{\"bbox\":[138.5,702.8,187.9,717.2],\"text\":\"due 2023.\"}],\"order\":31,\"text\":\"One Hundred-Eighth Supplemental Indenture, dated as of\\nNovember 13, 2013, among NRG Energy, Inc., the guarantors named\\ntherein and Law Debenture Trust Company of New York as trustee,\\nre: NRG Energy, Inc.’s 8.5% Senior Notes due 2019, 8.25% Senior\\nNotes due 2020, 7.625% Senior Notes due 2018, 7.625% Senior Notes\\ndue 2019, 7.875% Senior Notes due 2021 and 6.625% Senior Notes\\ndue 2023.\"},{\"bbox\":[500.1,631.7,774.1,673.4],\"lines\":[{\"bbox\":[500.4,631.7,774.1,648.4],\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\"},{\"bbox\":[500.2,644.2,774.0,660.9],\"text\":\"Registrant’s current report on Form 8-K filed on\"},{\"bbox\":[500.1,656.7,603.0,671.6],\"text\":\"November 13, 2013.\"}],\"order\":32,\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on\\nNovember 13, 2013.\"},{\"bbox\":[70.2,721.5,92.2,735.6],\"lines\":[{\"bbox\":[70.2,721.5,92.2,735.6],\"text\":\"10.1\"}],\"order\":33,\"text\":\"10.1\"},{\"bbox\":[138.1,722.3,481.5,752.3],\"lines\":[{\"bbox\":[138.3,722.3,481.5,739.8],\"text\":\"Note Agreement, dated August 20, 1993, between NRG Energy, Inc.,\"},{\"bbox\":[138.1,734.8,448.5,751.9],\"text\":\"Energy Center, Inc. and each of the purchasers named therein.\"}],\"order\":34,\"text\":\"Note Agreement, dated August 20, 1993, between NRG Energy, Inc.,\\nEnergy Center, Inc. and each of the purchasers named therein.\"},{\"bbox\":[499.1,726.1,773.1,767.9],\"lines\":[{\"bbox\":[499.4,726.1,773.1,742.9],\"text\":\"Incorporated herein by reference to the Registrant's\"},{\"bbox\":[499.2,738.6,773.0,755.4],\"text\":\"Registration Statement on Form S-1, as amended,\"},{\"bbox\":[499.1,751.1,642.3,766.5],\"text\":\"Registration No. 333-33397.\"}],\"order\":35,\"text\":\"Incorporated herein by reference to the Registrant's\\nRegistration Statement on Form S-1, as amended,\\nRegistration No. 333-33397.\"},{\"bbox\":[69.7,766.0,91.8,780.0],\"lines\":[{\"bbox\":[69.7,766.0,91.8,780.0],\"text\":\"10.2\"}],\"order\":36,\"text\":\"10.2\"},{\"bbox\":[137.4,766.7,481.0,821.7],\"lines\":[{\"bbox\":[137.8,766.7,481.0,784.2],\"text\":\"Master Shelf and Revolving Credit Agreement, dated August 20, 1993,\"},{\"bbox\":[137.7,779.2,480.9,796.7],\"text\":\"between NRG Energy, Inc., Energy Center, Inc., The Prudential\"},{\"bbox\":[137.5,791.7,480.7,809.2],\"text\":\"Insurance Registrants of America and each Prudential Affiliate, which\"},{\"bbox\":[137.4,804.2,251.0,819.2],\"text\":\"becomes party thereto.\"}],\"order\":37,\"text\":\"Master Shelf and Revolving Credit Agreement, dated August 20, 1993,\\nbetween NRG Energy, Inc., Energy Center, Inc., The Prudential\\nInsurance Registrants of America and each Prudential Affiliate, which\\nbecomes party thereto.\"},{\"bbox\":[498.6,770.6,772.6,812.3],\"lines\":[{\"bbox\":[498.9,770.6,772.6,787.3],\"text\":\"Incorporated herein by reference to the Registrant's\"},{\"bbox\":[498.8,783.1,772.5,799.8],\"text\":\"Registration Statement on Form S-1, as amended,\"},{\"bbox\":[498.6,795.6,641.8,810.9],\"text\":\"Registration No. 333-33397.\"}],\"order\":38,\"text\":\"Incorporated herein by reference to the Registrant's\\nRegistration Statement on Form S-1, as amended,\\nRegistration No. 333-33397.\"},{\"bbox\":[69.1,822.9,97.4,837.0],\"lines\":[{\"bbox\":[69.1,822.9,97.4,837.0],\"text\":\"10.3*\"}],\"order\":39,\"text\":\"10.3*\"},{\"bbox\":[137.1,823.6,480.4,853.6],\"lines\":[{\"bbox\":[137.2,823.6,480.4,841.1],\"text\":\"Form of NRG Energy Inc. Long-Term Incentive Plan Deferred Stock\"},{\"bbox\":[137.1,836.1,395.6,852.7],\"text\":\"Unit Agreement for Officers and Key Management.\"}],\"order\":40,\"text\":\"Form of NRG Energy Inc. Long-Term Incentive Plan Deferred Stock\\nUnit Agreement for Officers and Key Management.\"},{\"bbox\":[498.1,827.5,772.0,856.8],\"lines\":[{\"bbox\":[498.3,827.5,772.0,844.3],\"text\":\"Incorporated herein by reference to the Registrant's\"},{\"bbox\":[498.1,840.0,766.6,856.7],\"text\":\"annual report on Form 10-K filed on March 30, 2005.\"}],\"order\":41,\"text\":\"Incorporated herein by reference to the Registrant's\\nannual report on Form 10-K filed on March 30, 2005.\"},{\"bbox\":[68.8,854.9,97.1,869.0],\"lines\":[{\"bbox\":[68.8,854.9,97.1,869.0],\"text\":\"10.4*\"}],\"order\":42,\"text\":\"10.4*\"},{\"bbox\":[136.7,855.6,480.1,885.6],\"lines\":[{\"bbox\":[136.8,855.6,480.1,873.1],\"text\":\"Form of NRG Energy, Inc. Long-Term Incentive Plan Deferred Stock\"},{\"bbox\":[136.7,868.1,287.5,883.5],\"text\":\"Unit Agreement for Directors.\"}],\"order\":43,\"text\":\"Form of NRG Energy, Inc. Long-Term Incentive Plan Deferred Stock\\nUnit Agreement for Directors.\"},{\"bbox\":[497.8,859.4,771.7,888.7],\"lines\":[{\"bbox\":[497.9,859.4,771.7,876.2],\"text\":\"Incorporated herein by reference to the Registrant's\"},{\"bbox\":[497.8,871.9,766.3,888.6],\"text\":\"annual report on Form 10-K filed on March 30, 2005.\"}],\"order\":44,\"text\":\"Incorporated herein by reference to the Registrant's\\nannual report on Form 10-K filed on March 30, 2005.\"},{\"bbox\":[68.5,886.8,96.7,900.9],\"lines\":[{\"bbox\":[68.5,886.8,96.7,900.9],\"text\":\"10.5*\"}],\"order\":45,\"text\":\"10.5*\"},{\"bbox\":[136.4,887.5,479.7,917.5],\"lines\":[{\"bbox\":[136.5,887.5,479.7,905.0],\"text\":\"Form of NRG Energy, Inc. Long-Term Incentive Plan Non-Qualified\"},{\"bbox\":[136.4,900.0,264.3,915.2],\"text\":\"Stock Option Agreement.\"}],\"order\":46,\"text\":\"Form of NRG Energy, Inc. Long-Term Incentive Plan Non-Qualified\\nStock Option Agreement.\"},{\"bbox\":[497.3,891.4,771.3,933.1],\"lines\":[{\"bbox\":[497.6,891.4,771.3,908.1],\"text\":\"Incorporated herein by reference to the Registrant's\"},{\"bbox\":[497.5,903.9,771.2,920.6],\"text\":\"quarterly report on Form 10-Q filed on November 9,\"},{\"bbox\":[497.3,916.4,525.6,930.5],\"text\":\"2004.\"}],\"order\":47,\"text\":\"Incorporated herein by reference to the Registrant's\\nquarterly report on Form 10-Q filed on November 9,\\n2004.\"},{\"bbox\":[68.0,931.2,96.3,945.4],\"lines\":[{\"bbox\":[68.0,931.2,96.3,945.4],\"text\":\"10.6*\"}],\"order\":48,\"text\":\"10.6*\"},{\"bbox\":[135.9,932.0,479.2,962.0],\"lines\":[{\"bbox\":[136.0,932.0,479.2,949.5],\"text\":\"Form of NRG Energy, Inc. Long-Term Incentive Plan Restricted Stock\"},{\"bbox\":[135.9,944.5,219.7,959.2],\"text\":\"Unit Agreement.\"}],\"order\":49,\"text\":\"Form of NRG Energy, Inc. Long-Term Incentive Plan Restricted Stock\\nUnit Agreement.\"},{\"bbox\":[496.9,935.8,770.9,977.6],\"lines\":[{\"bbox\":[497.1,935.8,770.9,952.6],\"text\":\"Incorporated herein by reference to the Registrant's\"},{\"bbox\":[497.0,948.3,770.7,965.1],\"text\":\"quarterly report on Form 10-Q filed on November 9,\"},{\"bbox\":[496.9,960.8,525.1,975.0],\"text\":\"2004.\"}],\"order\":50,\"text\":\"Incorporated herein by reference to the Registrant's\\nquarterly report on Form 10-Q filed on November 9,\\n2004.\"},{\"bbox\":[67.5,975.7,95.8,989.8],\"lines\":[{\"bbox\":[67.5,975.7,95.8,989.8],\"text\":\"10.7*\"}],\"order\":51,\"text\":\"10.7*\"},{\"bbox\":[135.4,976.4,478.8,1006.4],\"lines\":[{\"bbox\":[135.6,976.4,478.8,993.9],\"text\":\"Form of NRG Energy, Inc. Long Term Incentive Plan Performance\"},{\"bbox\":[135.4,988.9,219.2,1003.6],\"text\":\"Unit Agreement.\"}],\"order\":52,\"text\":\"Form of NRG Energy, Inc. Long Term Incentive Plan Performance\\nUnit Agreement.\"},{\"bbox\":[496.5,980.3,770.4,1009.5],\"lines\":[{\"bbox\":[496.6,980.3,770.4,997.0],\"text\":\"Incorporated herein by reference to the Registrant's\"},{\"bbox\":[496.5,992.8,770.3,1009.5],\"text\":\"annual report on Form 10-K filed on February 23, 2010.\"}],\"order\":53,\"text\":\"Incorporated herein by reference to the Registrant's\\nannual report on Form 10-K filed on February 23, 2010.\"},{\"bbox\":[409.1,1043.6,430.1,1059.2],\"lines\":[{\"bbox\":[409.1,1043.6,430.1,1059.2],\"text\":\"219\"}],\"order\":54,\"text\":\"219\"}],\"doc\":\"fintabnet:NRG_2013\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"4.85\\n\\nNinety-Eighth Supplemental Indenture, dated as of September 4, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.86\\n\\nNinety-Ninth Supplemental Indenture, dated as of September 4, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2019.\\n\\nIncorporated herein by reference to Exhibit 4.4 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.87\\n\\nOne Hundredth Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.88\\n\\nOne Hundred-First Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.625% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.89\\n\\nOne Hundred-Second Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.5% Senior Notes due 2019.\\n\\nIncorporated herein by reference to Exhibit 4.1 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.90\\n\\nOne Hundred-Third Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.25% Senior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.91\\n\\nOne Hundred-Fourth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.625% Senior Notes due 2018.\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.92\\n\\nOne Hundred-Fifth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.625% Senior Notes due 2019.\\n\\nIncorporated herein by reference to Exhibit 4.4 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.93\\n\\nOne Hundred-Sixth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.94\\n\\nOne Hundred-Seventh Supplemental Indenture, dated as of October\\n7, 2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.626% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.95\\n\\nOne Hundred-Eighth Supplemental Indenture, dated as of\\nNovember 13, 2013, among NRG Energy, Inc., the guarantors named\\ntherein and Law Debenture Trust Company of New York as trustee,\\nre: NRG Energy, Inc.’s 8.5% Senior Notes due 2019, 8.25% Senior\\nNotes due 2020, 7.625% Senior Notes due 2018, 7.625% Senior Notes\\ndue 2019, 7.875% Senior Notes due 2021 and 6.625% Senior Notes\\ndue 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on\\nNovember 13, 2013.\\n\\n10.1\\n\\nNote Agreement, dated August 20, 1993, between NRG Energy, Inc.,\\nEnergy Center, Inc. and each of the purchasers named therein.\\n\\nIncorporated herein by reference to the Registrant's\\nRegistration Statement on Form S-1, as amended,\\nRegistration No. 333-33397.\\n\\n10.2\\n\\nMaster Shelf and Revolving Credit Agreement, dated August 20, 1993,\\nbetween NRG Energy, Inc., Energy Center, Inc., The Prudential\\nInsurance Registrants of America and each Prudential Affiliate, which\\nbecomes party thereto.\\n\\nIncorporated herein by reference to the Registrant's\\nRegistration Statement on Form S-1, as amended,\\nRegistration No. 333-33397.\\n\\n10.3*\\n\\nForm of NRG Energy Inc. Long-Term Incentive Plan Deferred Stock\\nUnit Agreement for Officers and Key Management.\\n\\nIncorporated herein by reference to the Registrant's\\nannual report on Form 10-K filed on March 30, 2005.\\n\\n10.4*\\n\\nForm of NRG Energy, Inc. Long-Term Incentive Plan Deferred Stock\\nUnit Agreement for Directors.\\n\\nIncorporated herein by reference to the Registrant's\\nannual report on Form 10-K filed on March 30, 2005.\\n\\n10.5*\\n\\nForm of NRG Energy, Inc. Long-Term Incentive Plan Non-Qualified\\nStock Option Agreement.\\n\\nIncorporated herein by reference to the Registrant's\\nquarterly report on Form 10-Q filed on November 9,\\n2004.\\n\\n10.6*\\n\\nForm of NRG Energy, Inc. Long-Term Incentive Plan Restricted Stock\\nUnit Agreement.\\n\\nIncorporated herein by reference to the Registrant's\\nquarterly report on Form 10-Q filed on November 9,\\n2004.\\n\\n10.7*\\n\\nForm of NRG Energy, Inc. Long Term Incentive Plan Performance\\nUnit Agreement.\\n\\nIncorporated herein by reference to the Registrant's\\nannual report on Form 10-K filed on February 23, 2010.\\n\\n219\",\"name\":\"fintabnet.NRG_2013_page_221__100dpi_mild\",\"page_id\":\"fintabnet.NRG_2013_page_221\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.612,\"source\":\"fintabnet\",\"source_id\":\"NRG_2013_page_221\",\"stack\":[{\"deg\":-0.612,\"op\":\"skew\"},{\"amp\":0.038,\"angle\":21.5,\"blob\":0.636,\"op\":\"illumination\"},{\"op\":\"jpeg\",\"q\":80}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[67.4,57.7,780.2,1009.5],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53],\"cells\":null}],\"text\":\"4.85\\n\\nNinety-Eighth Supplemental Indenture, dated as of September 4, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.86\\n\\nNinety-Ninth Supplemental Indenture, dated as of September 4, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2019.\\n\\nIncorporated herein by reference to Exhibit 4.4 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.87\\n\\nOne Hundredth Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.88\\n\\nOne Hundred-First Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.625% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.89\\n\\nOne Hundred-Second Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.5% Senior Notes due 2019.\\n\\nIncorporated herein by reference to Exhibit 4.1 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.90\\n\\nOne Hundred-Third Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.25% Senior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.91\\n\\nOne Hundred-Fourth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.625% Senior Notes due 2018.\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.92\\n\\nOne Hundred-Fifth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.625% Senior Notes due 2019.\\n\\nIncorporated herein by reference to Exhibit 4.4 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.93\\n\\nOne Hundred-Sixth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.94\\n\\nOne Hundred-Seventh Supplemental Indenture, dated as of October\\n7, 2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.626% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.95\\n\\nOne Hundred-Eighth Supplemental Indenture, dated as of\\nNovember 13, 2013, among NRG Energy, Inc., the guarantors named\\ntherein and Law Debenture Trust Company of New York as trustee,\\nre: NRG Energy, Inc.’s 8.5% Senior Notes due 2019, 8.25% Senior\\nNotes due 2020, 7.625% Senior Notes due 2018, 7.625% Senior Notes\\ndue 2019, 7.875% Senior Notes due 2021 and 6.625% Senior Notes\\ndue 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on\\nNovember 13, 2013.\\n\\n10.1\\n\\nNote Agreement, dated August 20, 1993, between NRG Energy, Inc.,\\nEnergy Center, Inc. and each of the purchasers named therein.\\n\\nIncorporated herein by reference to the Registrant's\\nRegistration Statement on Form S-1, as amended,\\nRegistration No. 333-33397.\\n\\n10.2\\n\\nMaster Shelf and Revolving Credit Agreement, dated August 20, 1993,\\nbetween NRG Energy, Inc., Energy Center, Inc., The Prudential\\nInsurance Registrants of America and each Prudential Affiliate, which\\nbecomes party thereto.\\n\\nIncorporated herein by reference to the Registrant's\\nRegistration Statement on Form S-1, as amended,\\nRegistration No. 333-33397.\\n\\n10.3*\\n\\nForm of NRG Energy Inc. Long-Term Incentive Plan Deferred Stock\\nUnit Agreement for Officers and Key Management.\\n\\nIncorporated herein by reference to the Registrant's\\nannual report on Form 10-K filed on March 30, 2005.\\n\\n10.4*\\n\\nForm of NRG Energy, Inc. Long-Term Incentive Plan Deferred Stock\\nUnit Agreement for Directors.\\n\\nIncorporated herein by reference to the Registrant's\\nannual report on Form 10-K filed on March 30, 2005.\\n\\n10.5*\\n\\nForm of NRG Energy, Inc. Long-Term Incentive Plan Non-Qualified\\nStock Option Agreement.\\n\\nIncorporated herein by reference to the Registrant's\\nquarterly report on Form 10-Q filed on November 9,\\n2004.\\n\\n10.6*\\n\\nForm of NRG Energy, Inc. Long-Term Incentive Plan Restricted Stock\\nUnit Agreement.\\n\\nIncorporated herein by reference to the Registrant's\\nquarterly report on Form 10-Q filed on November 9,\\n2004.\\n\\n10.7*\\n\\nForm of NRG Energy, Inc. Long Term Incentive Plan Performance\\nUnit Agreement.\\n\\nIncorporated herein by reference to the Registrant's\\nannual report on Form 10-K filed on February 23, 2010.\\n\\n219\"},\"name\":\"fintabnet.NRG_2013_page_221__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":211360,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:NRG_2013\",\"dpi\":100,\"gt_sha256\":\"40b072b7a17d7ed04bfdf3a5e024256b5fe7518be57ce22d00b8b6f151d0204a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NRG_2013_page_221__100dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.NRG_2013_page_221\",\"pdf_sha256\":\"896787ce2d16135c8ec8b6139b5998fbb69a271083f64211587202bfa0090b99\",\"px\":[850,1100],\"scan\":{\"render\":\"00001ffc1ffc1fe01f801f801ffc1ffc1fc01fa01f801ff01f7e19fe002c0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"NRG_2013_page_221\",\"src\":{\"file_sha256\":\"7bd78745901fb04a2f849f35f7c636f1a48c5805aefbe9d45e9401b69d616105\",\"render\":\"00001ff41ff01fe01f801ffc1ffc1ff41fc01fe01f801ff01f7e187c00000000\",\"text\":\"f0499a115dbf3e2a4ebe13a54948a0a27d2982f2a065b4bd9e0c70845b7f32da\"},\"stack\":[{\"deg\":-0.612,\"op\":\"skew\"},{\"amp\":0.038,\"angle\":21.5,\"blob\":0.636,\"op\":\"illumination\"},{\"op\":\"jpeg\",\"q\":80}],\"tools\":\"21647cade0ee\"},\"sha256\":\"896787ce2d16135c8ec8b6139b5998fbb69a271083f64211587202bfa0090b99\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/896787ce2d16135c8ec8b6139b5998fbb69a271083f64211587202bfa0090b99.pdf","asset_sha256":"896787ce2d16135c8ec8b6139b5998fbb69a271083f64211587202bfa0090b99","document_id":"fintabnet:NRG_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2013_page_221\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2015_page_20\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NRG_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[268.8,122.0,2240.5,160.0],\"lines\":[{\"bbox\":[268.8,122.0,2240.5,160.0],\"text\":\"The generation performance by region for the three years ended December 31, 2015, 2014, and 2013, is shown below:\"}],\"order\":0,\"text\":\"The generation performance by region for the three years ended December 31, 2015, 2014, and 2013, is shown below:\"},{\"bbox\":[1687.5,251.5,1754.2,280.8],\"lines\":[{\"bbox\":[1687.5,251.5,1754.2,280.8],\"text\":\"2015\"}],\"order\":1,\"text\":\"2015\"},{\"bbox\":[181.2,342.6,530.8,1563.9],\"lines\":[{\"bbox\":[181.2,342.6,432.5,379.9],\"text\":\"NRG Business\"},{\"bbox\":[206.3,393.2,399.5,429.9],\"text\":\"Gulf Coast\"},{\"bbox\":[181.2,442.6,260.0,480.5],\"text\":\"Coal\"},{\"bbox\":[181.2,496.8,246.0,534.7],\"text\":\"Gas\"},{\"bbox\":[181.2,542.2,353.6,588.9],\"text\":\"Nuclear (a)\"},{\"bbox\":[206.3,605.1,486.3,643.0],\"text\":\"Total Gulf Coast\"},{\"bbox\":[206.3,659.9,285.0,696.5],\"text\":\"East\"},{\"bbox\":[181.2,713.4,260.0,751.4],\"text\":\"Coal\"},{\"bbox\":[181.2,767.6,234.5,805.5],\"text\":\"Oil\"},{\"bbox\":[181.2,821.8,246.0,859.7],\"text\":\"Gas\"},{\"bbox\":[206.3,875.9,376.4,913.9],\"text\":\"Total East\"},{\"bbox\":[206.3,930.8,296.5,967.4],\"text\":\"West\"},{\"bbox\":[181.2,984.3,246.0,1022.2],\"text\":\"Gas\"},{\"bbox\":[206.3,1038.4,390.2,1076.4],\"text\":\"Total West\"},{\"bbox\":[181.2,1092.6,395.4,1129.9],\"text\":\"NRG Renew\"},{\"bbox\":[181.2,1146.8,269.2,1184.7],\"text\":\"Solar\"},{\"bbox\":[181.2,1200.9,273.8,1238.9],\"text\":\"Wind\"},{\"bbox\":[206.3,1255.1,518.7,1293.0],\"text\":\"Total NRG Renew\"},{\"bbox\":[181.2,1309.3,367.6,1346.5],\"text\":\"NRG Yield\"},{\"bbox\":[181.2,1363.4,269.2,1401.4],\"text\":\"Solar\"},{\"bbox\":[181.2,1417.6,273.8,1455.5],\"text\":\"Wind\"},{\"bbox\":[181.2,1471.8,496.0,1509.7],\"text\":\"Gas and Dual-Fuel\"},{\"bbox\":[206.3,1517.2,530.8,1563.9],\"text\":\"Total NRG Yield (b)\"}],\"order\":2,\"text\":\"NRG Business\\nGulf Coast\\nCoal\\nGas\\nNuclear (a)\\nTotal Gulf Coast\\nEast\\nCoal\\nOil\\nGas\\nTotal East\\nWest\\nGas\\nTotal West\\nNRG Renew\\nSolar\\nWind\\nTotal NRG Renew\\nNRG Yield\\nSolar\\nWind\\nGas and Dual-Fuel\\nTotal NRG Yield (b)\"},{\"bbox\":[168.8,1584.5,207.6,1654.9],\"lines\":[{\"bbox\":[168.8,1584.5,205.8,1614.9],\"text\":\"(a)\"},{\"bbox\":[168.8,1624.5,207.6,1654.9],\"text\":\"(b)\"}],\"order\":3,\"text\":\"(a)\\n(b)\"},{\"bbox\":[243.8,1584.5,1485.6,1654.9],\"lines\":[{\"bbox\":[243.8,1584.5,1485.6,1614.9],\"text\":\"MWh information reflects the Company's undivided interest in total MWh generated by STP.\"},{\"bbox\":[243.8,1624.5,1201.1,1654.9],\"text\":\"Total NRG Yield includes thermal heating and chilled water generation.\"}],\"order\":4,\"text\":\"MWh information reflects the Company's undivided interest in total MWh generated by STP.\\nTotal NRG Yield includes thermal heating and chilled water generation.\"},{\"bbox\":[1216.7,3103.3,1258.3,3141.3],\"lines\":[{\"bbox\":[1216.7,3103.3,1258.3,3141.3],\"text\":\"18\"}],\"order\":5,\"text\":\"18\"},{\"bbox\":[1776.5,205.7,2197.9,326.6],\"lines\":[{\"bbox\":[1834.0,205.7,2053.4,235.0],\"text\":\"Net Generation\"},{\"bbox\":[1908.4,251.5,1975.0,280.8],\"text\":\"2014\"},{\"bbox\":[2131.3,251.5,2197.9,280.8],\"text\":\"2013\"},{\"bbox\":[1776.5,297.3,2110.8,326.6],\"text\":\"(In thousands of MWh)\"}],\"order\":6,\"text\":\"Net Generation\\n2014\\n2013\\n(In thousands of MWh)\"},{\"bbox\":[1694.4,442.6,1809.0,643.0],\"lines\":[{\"bbox\":[1694.4,442.6,1809.0,480.5],\"text\":\"29,301\"},{\"bbox\":[1694.4,496.8,1809.0,534.7],\"text\":\"19,804\"},{\"bbox\":[1715.2,550.9,1809.0,588.9],\"text\":\"8,574\"},{\"bbox\":[1694.4,605.1,1809.0,643.0],\"text\":\"57,679\"}],\"order\":7,\"text\":\"29,301\\n19,804\\n8,574\\n57,679\"},{\"bbox\":[1915.2,442.6,2029.8,643.0],\"lines\":[{\"bbox\":[1915.2,442.6,2029.8,480.5],\"text\":\"36,794\"},{\"bbox\":[1915.2,496.8,2029.8,534.7],\"text\":\"13,967\"},{\"bbox\":[1936.0,550.9,2029.8,588.9],\"text\":\"9,110\"},{\"bbox\":[1915.2,605.1,2029.8,643.0],\"text\":\"59,871\"}],\"order\":8,\"text\":\"36,794\\n13,967\\n9,110\\n59,871\"},{\"bbox\":[2140.2,442.6,2254.8,643.0],\"lines\":[{\"bbox\":[2140.2,442.6,2254.8,480.5],\"text\":\"37,635\"},{\"bbox\":[2140.2,496.8,2254.8,534.7],\"text\":\"11,674\"},{\"bbox\":[2161.0,550.9,2254.8,588.9],\"text\":\"7,884\"},{\"bbox\":[2140.2,605.1,2254.8,643.0],\"text\":\"57,193\"}],\"order\":9,\"text\":\"37,635\\n11,674\\n7,884\\n57,193\"},{\"bbox\":[1694.4,713.4,1809.0,913.9],\"lines\":[{\"bbox\":[1694.4,713.4,1809.0,751.4],\"text\":\"36,245\"},{\"bbox\":[1715.2,767.6,1809.0,805.5],\"text\":\"1,583\"},{\"bbox\":[1715.2,821.8,1809.0,859.7],\"text\":\"8,461\"},{\"bbox\":[1694.4,875.9,1809.0,913.9],\"text\":\"46,289\"}],\"order\":10,\"text\":\"36,245\\n1,583\\n8,461\\n46,289\"},{\"bbox\":[1915.2,713.4,2029.8,913.9],\"lines\":[{\"bbox\":[1915.2,713.4,2029.8,751.4],\"text\":\"42,939\"},{\"bbox\":[1936.0,767.6,2029.8,805.5],\"text\":\"1,269\"},{\"bbox\":[1936.0,821.8,2029.8,859.7],\"text\":\"6,984\"},{\"bbox\":[1915.2,875.9,2029.8,913.9],\"text\":\"51,192\"}],\"order\":11,\"text\":\"42,939\\n1,269\\n6,984\\n51,192\"},{\"bbox\":[2140.2,713.4,2254.8,913.9],\"lines\":[{\"bbox\":[2140.2,713.4,2254.8,751.4],\"text\":\"25,853\"},{\"bbox\":[2192.3,767.6,2254.8,805.5],\"text\":\"364\"},{\"bbox\":[2161.0,821.8,2254.8,859.7],\"text\":\"7,864\"},{\"bbox\":[2140.2,875.9,2254.8,913.9],\"text\":\"34,081\"}],\"order\":12,\"text\":\"25,853\\n364\\n7,864\\n34,081\"},{\"bbox\":[1715.2,984.3,1809.0,1076.4],\"lines\":[{\"bbox\":[1715.2,984.3,1809.0,1022.2],\"text\":\"4,542\"},{\"bbox\":[1715.2,1038.4,1809.0,1076.4],\"text\":\"4,542\"}],\"order\":13,\"text\":\"4,542\\n4,542\"},{\"bbox\":[1936.0,984.3,2029.8,1076.4],\"lines\":[{\"bbox\":[1936.0,984.3,2029.8,1022.2],\"text\":\"4,241\"},{\"bbox\":[1936.0,1038.4,2029.8,1076.4],\"text\":\"4,241\"}],\"order\":14,\"text\":\"4,241\\n4,241\"},{\"bbox\":[2161.0,984.3,2254.8,1076.4],\"lines\":[{\"bbox\":[2161.0,984.3,2254.8,1022.2],\"text\":\"2,876\"},{\"bbox\":[2161.0,1038.4,2254.8,1076.4],\"text\":\"2,876\"}],\"order\":15,\"text\":\"2,876\\n2,876\"},{\"bbox\":[1715.2,1146.8,1809.0,1293.0],\"lines\":[{\"bbox\":[1715.2,1146.8,1809.0,1184.7],\"text\":\"2,180\"},{\"bbox\":[1715.2,1200.9,1809.0,1238.9],\"text\":\"2,281\"},{\"bbox\":[1715.2,1255.1,1809.0,1293.0],\"text\":\"4,461\"}],\"order\":16,\"text\":\"2,180\\n2,281\\n4,461\"},{\"bbox\":[1936.0,1146.8,2029.8,1293.0],\"lines\":[{\"bbox\":[1936.0,1146.8,2029.8,1184.7],\"text\":\"1,901\"},{\"bbox\":[1936.0,1200.9,2029.8,1238.9],\"text\":\"2,125\"},{\"bbox\":[1936.0,1255.1,2029.8,1293.0],\"text\":\"4,026\"}],\"order\":17,\"text\":\"1,901\\n2,125\\n4,026\"},{\"bbox\":[2161.0,1146.8,2254.8,1293.0],\"lines\":[{\"bbox\":[2161.0,1146.8,2254.8,1184.7],\"text\":\"1,153\"},{\"bbox\":[2192.3,1200.9,2254.8,1238.9],\"text\":\"534\"},{\"bbox\":[2161.0,1255.1,2254.8,1293.0],\"text\":\"1,687\"}],\"order\":18,\"text\":\"1,153\\n534\\n1,687\"},{\"bbox\":[1694.4,1363.4,1809.0,1563.9],\"lines\":[{\"bbox\":[1746.5,1363.4,1809.0,1401.4],\"text\":\"541\"},{\"bbox\":[1715.2,1417.6,1809.0,1455.5],\"text\":\"5,199\"},{\"bbox\":[1715.2,1471.8,1809.0,1509.7],\"text\":\"4,731\"},{\"bbox\":[1694.4,1525.9,1809.0,1563.9],\"text\":\"10,471\"}],\"order\":19,\"text\":\"541\\n5,199\\n4,731\\n10,471\"},{\"bbox\":[1936.0,1363.4,2029.8,1563.9],\"lines\":[{\"bbox\":[1967.3,1363.4,2029.8,1401.4],\"text\":\"550\"},{\"bbox\":[1936.0,1417.6,2029.8,1455.5],\"text\":\"3,427\"},{\"bbox\":[1936.0,1471.8,2029.8,1509.7],\"text\":\"4,396\"},{\"bbox\":[1936.0,1525.9,2029.8,1563.9],\"text\":\"8,373\"}],\"order\":20,\"text\":\"550\\n3,427\\n4,396\\n8,373\"},{\"bbox\":[2161.0,1363.4,2254.8,1563.9],\"lines\":[{\"bbox\":[2192.3,1363.4,2254.8,1401.4],\"text\":\"520\"},{\"bbox\":[2192.3,1417.6,2254.8,1455.5],\"text\":\"721\"},{\"bbox\":[2161.0,1471.8,2254.8,1509.7],\"text\":\"2,589\"},{\"bbox\":[2161.0,1525.9,2254.8,1563.9],\"text\":\"3,830\"}],\"order\":21,\"text\":\"520\\n721\\n2,589\\n3,830\"}],\"doc\":\"fintabnet:NRG_2015\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"The generation performance by region for the three years ended December 31, 2015, 2014, and 2013, is shown below:\\n\\n2015\\n\\nNRG Business\\nGulf Coast\\nCoal\\nGas\\nNuclear (a)\\nTotal Gulf Coast\\nEast\\nCoal\\nOil\\nGas\\nTotal East\\nWest\\nGas\\nTotal West\\nNRG Renew\\nSolar\\nWind\\nTotal NRG Renew\\nNRG Yield\\nSolar\\nWind\\nGas and Dual-Fuel\\nTotal NRG Yield (b)\\n\\n(a)\\n(b)\\n\\nMWh information reflects the Company's undivided interest in total MWh generated by STP.\\nTotal NRG Yield includes thermal heating and chilled water generation.\\n\\n18\\n\\nNet Generation\\n2014\\n2013\\n(In thousands of MWh)\\n\\n29,301\\n19,804\\n8,574\\n57,679\\n\\n36,794\\n13,967\\n9,110\\n59,871\\n\\n37,635\\n11,674\\n7,884\\n57,193\\n\\n36,245\\n1,583\\n8,461\\n46,289\\n\\n42,939\\n1,269\\n6,984\\n51,192\\n\\n25,853\\n364\\n7,864\\n34,081\\n\\n4,542\\n4,542\\n\\n4,241\\n4,241\\n\\n2,876\\n2,876\\n\\n2,180\\n2,281\\n4,461\\n\\n1,901\\n2,125\\n4,026\\n\\n1,153\\n534\\n1,687\\n\\n541\\n5,199\\n4,731\\n10,471\\n\\n550\\n3,427\\n4,396\\n8,373\\n\\n520\\n721\\n2,589\\n3,830\",\"name\":\"fintabnet.NRG_2015_page_20__300dpi_none\",\"page_id\":\"fintabnet.NRG_2015_page_20\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"NRG_2015_page_20\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[181.2,193.6,2254.8,1567.7],\"block_orders\":[1,2,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21],\"cells\":null}],\"text\":\"The generation performance by region for the three years ended December 31, 2015, 2014, and 2013, is shown below:\\n\\n2015\\n\\nNRG Business\\nGulf Coast\\nCoal\\nGas\\nNuclear (a)\\nTotal Gulf Coast\\nEast\\nCoal\\nOil\\nGas\\nTotal East\\nWest\\nGas\\nTotal West\\nNRG Renew\\nSolar\\nWind\\nTotal NRG Renew\\nNRG Yield\\nSolar\\nWind\\nGas and Dual-Fuel\\nTotal NRG Yield (b)\\n\\n(a)\\n(b)\\n\\nMWh information reflects the Company's undivided interest in total MWh generated by STP.\\nTotal NRG Yield includes thermal heating and chilled water generation.\\n\\n18\\n\\nNet Generation\\n2014\\n2013\\n(In thousands of MWh)\\n\\n29,301\\n19,804\\n8,574\\n57,679\\n\\n36,794\\n13,967\\n9,110\\n59,871\\n\\n37,635\\n11,674\\n7,884\\n57,193\\n\\n36,245\\n1,583\\n8,461\\n46,289\\n\\n42,939\\n1,269\\n6,984\\n51,192\\n\\n25,853\\n364\\n7,864\\n34,081\\n\\n4,542\\n4,542\\n\\n4,241\\n4,241\\n\\n2,876\\n2,876\\n\\n2,180\\n2,281\\n4,461\\n\\n1,901\\n2,125\\n4,026\\n\\n1,153\\n534\\n1,687\\n\\n541\\n5,199\\n4,731\\n10,471\\n\\n550\\n3,427\\n4,396\\n8,373\\n\\n520\\n721\\n2,589\\n3,830\"},\"name\":\"fintabnet.NRG_2015_page_20__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":119658,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:NRG_2015\",\"dpi\":300,\"gt_sha256\":\"cdb002a38ed224d1341c89b36b31e5eb3ba27dec6f645208c4347ea80c251671\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NRG_2015_page_20__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.NRG_2015_page_20\",\"pdf_sha256\":\"e12b4ba55bd93b4d42f158b2036aa437a9b9f6fbaa9a6f2d24bd743ab26c57d8\",\"px\":[2475,3225],\"scan\":{\"render\":\"0080603e7ffe7ffe7ffe7ffe7ffe7ffe00000000000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"NRG_2015_page_20\",\"src\":{\"file_sha256\":\"9338d2b83da6a976fe0306fa588cc4779339e5342c82199dbbddf71bdbb88aeb\",\"render\":\"0000603e7ffe7ffe7ffe7ffe7ffe7ffe00000000000000000000000000000000\",\"text\":\"6d58cd8ee7085f5d79fb059102b4258a3233fe69f1f666ac22d45cacd102f9df\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e12b4ba55bd93b4d42f158b2036aa437a9b9f6fbaa9a6f2d24bd743ab26c57d8\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e12b4ba55bd93b4d42f158b2036aa437a9b9f6fbaa9a6f2d24bd743ab26c57d8.pdf","asset_sha256":"e12b4ba55bd93b4d42f158b2036aa437a9b9f6fbaa9a6f2d24bd743ab26c57d8","document_id":"fintabnet:NRG_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2015_page_20\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2015_page_235\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NRG_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[119.4,102.7,163.2,125.5],\"lines\":[{\"bbox\":[119.4,102.7,163.2,125.5],\"text\":\"4.52\"}],\"order\":0,\"text\":\"4.52\"},{\"bbox\":[255.5,102.7,942.5,200.5],\"lines\":[{\"bbox\":[255.5,102.7,941.7,125.5],\"text\":\"Eighty-Eighth Supplemental Indenture, dated as of March 13, 2013,\"},{\"bbox\":[255.5,127.7,941.6,150.5],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[255.5,152.7,942.5,175.5],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[255.5,177.7,634.6,200.5],\"text\":\"Inc.’s 6.625% Senior Notes due 2023.\"}],\"order\":1,\"text\":\"Eighty-Eighth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 6.625% Senior Notes due 2023.\"},{\"bbox\":[977.8,102.7,1525.0,175.5],\"lines\":[{\"bbox\":[977.8,102.7,1524.9,125.5],\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\"},{\"bbox\":[977.8,127.7,1525.0,150.5],\"text\":\"Registrant’s current report on Form 8-K filed on March\"},{\"bbox\":[977.8,152.7,1071.5,175.5],\"text\":\"13, 2013.\"}],\"order\":2,\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\"},{\"bbox\":[119.4,216.6,163.2,239.4],\"lines\":[{\"bbox\":[119.4,216.6,163.2,239.4],\"text\":\"4.53\"}],\"order\":3,\"text\":\"4.53\"},{\"bbox\":[255.5,216.6,941.6,289.4],\"lines\":[{\"bbox\":[255.5,216.6,941.6,239.4],\"text\":\"Eighty-Ninth Supplemental Indenture, dated as of March 13, 2013,\"},{\"bbox\":[255.5,241.6,941.6,264.4],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[255.5,266.6,663.0,289.4],\"text\":\"Debenture Trust Company of New York.\"}],\"order\":4,\"text\":\"Eighty-Ninth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York.\"},{\"bbox\":[977.8,216.6,1525.0,289.4],\"lines\":[{\"bbox\":[977.8,216.6,1524.9,239.4],\"text\":\"Incorporated herein by reference to Exhibit 4.7 to the\"},{\"bbox\":[977.8,241.6,1525.0,264.4],\"text\":\"Registrant’s current report on Form 8-K filed on March\"},{\"bbox\":[977.8,266.6,1071.5,289.4],\"text\":\"13, 2013.\"}],\"order\":5,\"text\":\"Incorporated herein by reference to Exhibit 4.7 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\"},{\"bbox\":[119.4,305.5,163.2,328.3],\"lines\":[{\"bbox\":[119.4,305.5,163.2,328.3],\"text\":\"4.54\"}],\"order\":6,\"text\":\"4.54\"},{\"bbox\":[255.5,305.5,941.7,403.3],\"lines\":[{\"bbox\":[255.5,305.5,941.6,328.3],\"text\":\"Ninety-First Supplemental Indenture, dated as of May 2, 2013, among\"},{\"bbox\":[255.5,330.5,941.7,353.3],\"text\":\"NRG Energy, Inc., the guarantors named therein and Law Debenture\"},{\"bbox\":[255.5,355.5,941.6,378.3],\"text\":\"Trust Company of New York as trustee, re: NRG Energy, Inc.’s 8.25%\"},{\"bbox\":[255.5,380.5,490.2,403.3],\"text\":\"Senior Notes due 2020.\"}],\"order\":7,\"text\":\"Ninety-First Supplemental Indenture, dated as of May 2, 2013, among\\nNRG Energy, Inc., the guarantors named therein and Law Debenture\\nTrust Company of New York as trustee, re: NRG Energy, Inc.’s 8.25%\\nSenior Notes due 2020.\"},{\"bbox\":[977.8,305.5,1525.0,378.3],\"lines\":[{\"bbox\":[977.8,305.5,1524.9,328.3],\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\"},{\"bbox\":[977.8,330.5,1525.0,353.3],\"text\":\"Registrant’s current report on Form 8-K filed on May 3,\"},{\"bbox\":[977.8,355.5,1034.0,378.3],\"text\":\"2013.\"}],\"order\":8,\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\"},{\"bbox\":[119.4,419.4,163.2,442.2],\"lines\":[{\"bbox\":[119.4,419.4,163.2,442.2],\"text\":\"4.55\"}],\"order\":9,\"text\":\"4.55\"},{\"bbox\":[255.5,419.4,942.5,517.2],\"lines\":[{\"bbox\":[255.5,419.4,941.7,442.2],\"text\":\"Ninety-Second Supplemental Indenture, dated as of May 2, 2013,\"},{\"bbox\":[255.5,444.4,941.6,467.2],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[255.5,469.4,942.5,492.2],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[255.5,494.4,634.6,517.2],\"text\":\"Inc.’s 7.625% Senior Notes due 2018.\"}],\"order\":10,\"text\":\"Ninety-Second Supplemental Indenture, dated as of May 2, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018.\"},{\"bbox\":[977.8,419.4,1525.0,492.2],\"lines\":[{\"bbox\":[977.8,419.4,1524.9,442.2],\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\"},{\"bbox\":[977.8,444.4,1525.0,467.2],\"text\":\"Registrant’s current report on Form 8-K filed on May 3,\"},{\"bbox\":[977.8,469.4,1034.0,492.2],\"text\":\"2013.\"}],\"order\":11,\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\"},{\"bbox\":[119.4,533.3,163.2,556.1],\"lines\":[{\"bbox\":[119.4,533.3,163.2,556.1],\"text\":\"4.56\"}],\"order\":12,\"text\":\"4.56\"},{\"bbox\":[255.5,533.3,942.5,631.1],\"lines\":[{\"bbox\":[255.5,533.3,941.6,556.1],\"text\":\"Ninety-Fourth Supplemental Indenture, dated as of May 2, 2013,\"},{\"bbox\":[255.5,558.3,941.6,581.1],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[255.5,583.3,942.5,606.1],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[255.5,608.3,634.6,631.1],\"text\":\"Inc.’s 7.875% Senior Notes due 2021.\"}],\"order\":13,\"text\":\"Ninety-Fourth Supplemental Indenture, dated as of May 2, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.875% Senior Notes due 2021.\"},{\"bbox\":[977.8,533.3,1525.0,606.1],\"lines\":[{\"bbox\":[977.8,533.3,1524.9,556.1],\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\"},{\"bbox\":[977.8,558.3,1525.0,581.1],\"text\":\"Registrant’s current report on Form 8-K filed on May 3,\"},{\"bbox\":[977.8,583.3,1034.0,606.1],\"text\":\"2013.\"}],\"order\":14,\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\"},{\"bbox\":[119.4,647.2,163.2,670.0],\"lines\":[{\"bbox\":[119.4,647.2,163.2,670.0],\"text\":\"4.57\"}],\"order\":15,\"text\":\"4.57\"},{\"bbox\":[255.5,647.2,941.7,745.0],\"lines\":[{\"bbox\":[255.5,647.2,941.7,670.0],\"text\":\"Ninety-Fifth Supplemental Indenture, dated as of May 2, 2013, among\"},{\"bbox\":[255.5,672.2,941.7,695.0],\"text\":\"NRG Energy, Inc., the guarantors named therein and Law Debenture\"},{\"bbox\":[255.5,697.2,941.6,720.0],\"text\":\"Trust Company of New York as trustee, re: NRG Energy, Inc.’s 6.625%\"},{\"bbox\":[255.5,722.2,490.2,745.0],\"text\":\"Senior Notes due 2023.\"}],\"order\":16,\"text\":\"Ninety-Fifth Supplemental Indenture, dated as of May 2, 2013, among\\nNRG Energy, Inc., the guarantors named therein and Law Debenture\\nTrust Company of New York as trustee, re: NRG Energy, Inc.’s 6.625%\\nSenior Notes due 2023.\"},{\"bbox\":[977.8,647.2,1525.0,720.0],\"lines\":[{\"bbox\":[977.8,647.2,1524.9,670.0],\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\"},{\"bbox\":[977.8,672.2,1525.0,695.0],\"text\":\"Registrant’s current report on Form 8-K filed on May 3,\"},{\"bbox\":[977.8,697.2,1034.0,720.0],\"text\":\"2013.\"}],\"order\":17,\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\"},{\"bbox\":[119.4,761.1,163.2,783.9],\"lines\":[{\"bbox\":[119.4,761.1,163.2,783.9],\"text\":\"4.58\"}],\"order\":18,\"text\":\"4.58\"},{\"bbox\":[255.5,761.1,941.6,858.9],\"lines\":[{\"bbox\":[255.5,761.1,941.6,783.9],\"text\":\"Ninety-Seventh Supplemental Indenture, dated as of September 4,\"},{\"bbox\":[255.5,786.1,941.6,808.9],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[255.5,811.1,941.6,833.9],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[255.5,836.1,704.7,858.9],\"text\":\"Energy, Inc.’s 8.25% Senior Notes due 2020.\"}],\"order\":19,\"text\":\"Ninety-Seventh Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.25% Senior Notes due 2020.\"},{\"bbox\":[977.8,761.1,1525.0,833.9],\"lines\":[{\"bbox\":[977.8,761.1,1524.9,783.9],\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\"},{\"bbox\":[977.8,786.1,1525.0,808.9],\"text\":\"Registrant’s current report on Form 8-K filed on\"},{\"bbox\":[977.8,811.1,1172.2,833.9],\"text\":\"September 6, 2013.\"}],\"order\":20,\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\"},{\"bbox\":[119.4,875.0,163.2,897.8],\"lines\":[{\"bbox\":[119.4,875.0,163.2,897.8],\"text\":\"4.59\"}],\"order\":21,\"text\":\"4.59\"},{\"bbox\":[255.5,875.0,942.5,972.8],\"lines\":[{\"bbox\":[255.5,875.0,941.7,897.8],\"text\":\"Ninety-Eighth Supplemental Indenture, dated as of September 4, 2013,\"},{\"bbox\":[255.5,900.0,941.6,922.8],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[255.5,925.0,942.5,947.8],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[255.5,950.0,628.4,972.8],\"text\":\"Inc.’s 7.625% Senior Notes due 2018\"}],\"order\":22,\"text\":\"Ninety-Eighth Supplemental Indenture, dated as of September 4, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018\"},{\"bbox\":[977.8,875.0,1525.0,947.8],\"lines\":[{\"bbox\":[977.8,875.0,1524.9,897.8],\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\"},{\"bbox\":[977.8,900.0,1525.0,922.8],\"text\":\"Registrant’s current report on Form 8-K filed on\"},{\"bbox\":[977.8,925.0,1172.2,947.8],\"text\":\"September 6, 2013.\"}],\"order\":23,\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\"},{\"bbox\":[119.4,988.9,163.2,1011.7],\"lines\":[{\"bbox\":[119.4,988.9,163.2,1011.7],\"text\":\"4.60\"}],\"order\":24,\"text\":\"4.60\"},{\"bbox\":[255.5,988.9,941.6,1086.7],\"lines\":[{\"bbox\":[255.5,988.9,941.5,1011.7],\"text\":\"One Hundredth Supplemental Indenture, dated as of September 4,\"},{\"bbox\":[255.5,1013.9,941.6,1036.7],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[255.5,1038.9,941.6,1061.7],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[255.5,1063.9,717.2,1086.7],\"text\":\"Energy, Inc.’s 7.875% Senior Notes due 2021.\"}],\"order\":25,\"text\":\"One Hundredth Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\"},{\"bbox\":[977.8,988.9,1525.0,1061.7],\"lines\":[{\"bbox\":[977.8,988.9,1524.9,1011.7],\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\"},{\"bbox\":[977.8,1013.9,1525.0,1036.7],\"text\":\"Registrant’s current report on Form 8-K filed on\"},{\"bbox\":[977.8,1038.9,1172.2,1061.7],\"text\":\"September 6, 2013.\"}],\"order\":26,\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\"},{\"bbox\":[119.4,1102.8,163.2,1125.6],\"lines\":[{\"bbox\":[119.4,1102.8,163.2,1125.6],\"text\":\"4.61\"}],\"order\":27,\"text\":\"4.61\"},{\"bbox\":[255.5,1102.8,941.7,1200.6],\"lines\":[{\"bbox\":[255.5,1102.8,941.7,1125.6],\"text\":\"One Hundred-First Supplemental Indenture, dated as of September 4,\"},{\"bbox\":[255.5,1127.8,941.6,1150.6],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[255.5,1152.8,941.6,1175.6],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[255.5,1177.8,717.2,1200.6],\"text\":\"Energy, Inc.’s 6.625% Senior Notes due 2023.\"}],\"order\":28,\"text\":\"One Hundred-First Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.625% Senior Notes due 2023.\"},{\"bbox\":[977.8,1102.8,1525.0,1175.6],\"lines\":[{\"bbox\":[977.8,1102.8,1524.9,1125.6],\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\"},{\"bbox\":[977.8,1127.8,1525.0,1150.6],\"text\":\"Registrant’s current report on Form 8-K filed on\"},{\"bbox\":[977.8,1152.8,1172.2,1175.6],\"text\":\"September 6, 2013.\"}],\"order\":29,\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\"},{\"bbox\":[119.4,1216.7,163.2,1239.5],\"lines\":[{\"bbox\":[119.4,1216.7,163.2,1239.5],\"text\":\"4.62\"}],\"order\":30,\"text\":\"4.62\"},{\"bbox\":[255.5,1216.7,941.6,1314.5],\"lines\":[{\"bbox\":[255.5,1216.7,941.6,1239.5],\"text\":\"One Hundred-Third Supplemental Indenture, dated as of October 7,\"},{\"bbox\":[255.5,1241.7,941.6,1264.5],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[255.5,1266.7,941.6,1289.5],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[255.5,1291.7,704.7,1314.5],\"text\":\"Energy, Inc.’s 8.25% Senior Notes due 2020.\"}],\"order\":31,\"text\":\"One Hundred-Third Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.25% Senior Notes due 2020.\"},{\"bbox\":[977.8,1216.7,1525.0,1289.5],\"lines\":[{\"bbox\":[977.8,1216.7,1524.9,1239.5],\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\"},{\"bbox\":[977.8,1241.7,1525.0,1264.5],\"text\":\"Registrant’s current report on Form 8-K filed on October\"},{\"bbox\":[977.8,1266.7,1059.0,1289.5],\"text\":\"8, 2013.\"}],\"order\":32,\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\"},{\"bbox\":[119.4,1330.6,163.2,1353.4],\"lines\":[{\"bbox\":[119.4,1330.6,163.2,1353.4],\"text\":\"4.63\"}],\"order\":33,\"text\":\"4.63\"},{\"bbox\":[255.5,1330.6,941.7,1428.4],\"lines\":[{\"bbox\":[255.5,1330.6,941.7,1353.4],\"text\":\"One Hundred-Fourth Supplemental Indenture, dated as of October 7,\"},{\"bbox\":[255.5,1355.6,941.6,1378.4],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[255.5,1380.6,941.6,1403.4],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[255.5,1405.6,717.2,1428.4],\"text\":\"Energy, Inc.’s 7.625% Senior Notes due 2018.\"}],\"order\":34,\"text\":\"One Hundred-Fourth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.625% Senior Notes due 2018.\"},{\"bbox\":[977.8,1330.6,1525.0,1403.4],\"lines\":[{\"bbox\":[977.8,1330.6,1524.9,1353.4],\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\"},{\"bbox\":[977.8,1355.6,1525.0,1378.4],\"text\":\"Registrant’s current report on Form 8-K filed on October\"},{\"bbox\":[977.8,1380.6,1059.0,1403.4],\"text\":\"8, 2013.\"}],\"order\":35,\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\"},{\"bbox\":[119.4,1444.5,163.2,1467.3],\"lines\":[{\"bbox\":[119.4,1444.5,163.2,1467.3],\"text\":\"4.64\"}],\"order\":36,\"text\":\"4.64\"},{\"bbox\":[255.5,1444.5,941.6,1542.3],\"lines\":[{\"bbox\":[255.5,1444.5,941.6,1467.3],\"text\":\"One Hundred-Sixth Supplemental Indenture, dated as of October 7,\"},{\"bbox\":[255.5,1469.5,941.6,1492.3],\"text\":\"2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[255.5,1494.5,941.6,1517.3],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[255.5,1519.5,717.2,1542.3],\"text\":\"Energy, Inc.’s 7.875% Senior Notes due 2021.\"}],\"order\":37,\"text\":\"One Hundred-Sixth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\"},{\"bbox\":[977.8,1444.5,1525.0,1517.3],\"lines\":[{\"bbox\":[977.8,1444.5,1524.9,1467.3],\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\"},{\"bbox\":[977.8,1469.5,1525.0,1492.3],\"text\":\"Registrant’s current report on Form 8-K filed on October\"},{\"bbox\":[977.8,1494.5,1059.0,1517.3],\"text\":\"8, 2013.\"}],\"order\":38,\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\"},{\"bbox\":[119.4,1558.4,163.2,1581.2],\"lines\":[{\"bbox\":[119.4,1558.4,163.2,1581.2],\"text\":\"4.65\"}],\"order\":39,\"text\":\"4.65\"},{\"bbox\":[255.5,1558.4,941.6,1656.2],\"lines\":[{\"bbox\":[255.5,1558.4,941.6,1581.2],\"text\":\"One Hundred-Seventh Supplemental Indenture, dated as of October\"},{\"bbox\":[255.5,1583.4,941.6,1606.2],\"text\":\"7, 2013, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[255.5,1608.4,941.6,1631.2],\"text\":\"Law Debenture Trust Company of New York as trustee, re: NRG\"},{\"bbox\":[255.5,1633.4,717.2,1656.2],\"text\":\"Energy, Inc.’s 6.625% Senior Notes due 2023.\"}],\"order\":40,\"text\":\"One Hundred-Seventh Supplemental Indenture, dated as of October\\n7, 2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.625% Senior Notes due 2023.\"},{\"bbox\":[977.8,1558.4,1525.0,1631.2],\"lines\":[{\"bbox\":[977.8,1558.4,1524.9,1581.2],\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\"},{\"bbox\":[977.8,1583.4,1525.0,1606.2],\"text\":\"Registrant’s current report on Form 8-K filed on October\"},{\"bbox\":[977.8,1608.4,1059.0,1631.2],\"text\":\"8, 2013.\"}],\"order\":41,\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\"},{\"bbox\":[119.4,1672.3,163.2,1695.1],\"lines\":[{\"bbox\":[119.4,1672.3,163.2,1695.1],\"text\":\"4.66\"}],\"order\":42,\"text\":\"4.66\"},{\"bbox\":[255.5,1672.3,941.7,1845.1],\"lines\":[{\"bbox\":[255.5,1672.3,941.6,1695.1],\"text\":\"One Hundred-Eighth Supplemental Indenture, dated as of\"},{\"bbox\":[255.5,1697.3,941.7,1720.1],\"text\":\"November 13, 2013, among NRG Energy, Inc., the guarantors named\"},{\"bbox\":[255.5,1722.3,941.7,1745.1],\"text\":\"therein and Law Debenture Trust Company of New York as trustee,\"},{\"bbox\":[255.5,1747.3,941.6,1770.1],\"text\":\"re: NRG Energy, Inc.’s 8.5% Senior Notes due 2019, 8.25% Senior\"},{\"bbox\":[255.5,1772.3,941.7,1795.1],\"text\":\"Notes due 2020, 7.625% Senior Notes due 2018, 7.625% Senior Notes\"},{\"bbox\":[255.5,1797.3,941.7,1820.1],\"text\":\"due 2019, 7.875% Senior Notes due 2021 and 6.625% Senior Notes\"},{\"bbox\":[255.5,1822.3,354.1,1845.1],\"text\":\"due 2023.\"}],\"order\":43,\"text\":\"One Hundred-Eighth Supplemental Indenture, dated as of\\nNovember 13, 2013, among NRG Energy, Inc., the guarantors named\\ntherein and Law Debenture Trust Company of New York as trustee,\\nre: NRG Energy, Inc.’s 8.5% Senior Notes due 2019, 8.25% Senior\\nNotes due 2020, 7.625% Senior Notes due 2018, 7.625% Senior Notes\\ndue 2019, 7.875% Senior Notes due 2021 and 6.625% Senior Notes\\ndue 2023.\"},{\"bbox\":[977.8,1672.3,1525.0,1745.1],\"lines\":[{\"bbox\":[977.8,1672.3,1524.9,1695.1],\"text\":\"Incorporated herein by reference to Exhibit 4.1 to the\"},{\"bbox\":[977.8,1697.3,1525.0,1720.1],\"text\":\"Registrant’s current report on Form 8-K filed on\"},{\"bbox\":[977.8,1722.3,1183.3,1745.1],\"text\":\"November 13, 2013.\"}],\"order\":44,\"text\":\"Incorporated herein by reference to Exhibit 4.1 to the\\nRegistrant’s current report on Form 8-K filed on\\nNovember 13, 2013.\"},{\"bbox\":[119.4,1861.2,163.2,1884.0],\"lines\":[{\"bbox\":[119.4,1861.2,163.2,1884.0],\"text\":\"4.67\"}],\"order\":45,\"text\":\"4.67\"},{\"bbox\":[255.5,1861.2,941.7,1959.0],\"lines\":[{\"bbox\":[255.5,1861.2,941.7,1884.0],\"text\":\"One Hundred-Ninth Supplemental Indenture, dated as of January 27,\"},{\"bbox\":[255.5,1886.2,941.6,1909.0],\"text\":\"2014, among NRG Energy, Inc., the guarantors named therein and\"},{\"bbox\":[255.5,1911.2,941.7,1934.0],\"text\":\"Law Debenture Trust Company of New York as Trustee, re: NRG\"},{\"bbox\":[255.5,1936.2,653.3,1959.0],\"text\":\"Energy's 6.25% Senior Notes due 2022.\"}],\"order\":46,\"text\":\"One Hundred-Ninth Supplemental Indenture, dated as of January 27,\\n2014, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as Trustee, re: NRG\\nEnergy's 6.25% Senior Notes due 2022.\"},{\"bbox\":[977.8,1861.2,1524.9,1934.0],\"lines\":[{\"bbox\":[977.8,1861.2,1524.9,1884.0],\"text\":\"Incorporated herein by reference to Exhibit 4.1 to the\"},{\"bbox\":[977.8,1886.2,1524.9,1909.0],\"text\":\"Company's Current Report on Form 8-K filed on\"},{\"bbox\":[977.8,1911.2,1155.5,1934.0],\"text\":\"January 27, 2014.\"}],\"order\":47,\"text\":\"Incorporated herein by reference to Exhibit 4.1 to the\\nCompany's Current Report on Form 8-K filed on\\nJanuary 27, 2014.\"},{\"bbox\":[804.2,2067.9,845.8,2093.2],\"lines\":[{\"bbox\":[804.2,2067.9,845.8,2093.2],\"text\":\"233\"}],\"order\":48,\"text\":\"233\"}],\"doc\":\"fintabnet:NRG_2015\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"4.52\\n\\nEighty-Eighth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 6.625% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\\n\\n4.53\\n\\nEighty-Ninth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York.\\n\\nIncorporated herein by reference to Exhibit 4.7 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\\n\\n4.54\\n\\nNinety-First Supplemental Indenture, dated as of May 2, 2013, among\\nNRG Energy, Inc., the guarantors named therein and Law Debenture\\nTrust Company of New York as trustee, re: NRG Energy, Inc.’s 8.25%\\nSenior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\\n\\n4.55\\n\\nNinety-Second Supplemental Indenture, dated as of May 2, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018.\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\\n\\n4.56\\n\\nNinety-Fourth Supplemental Indenture, dated as of May 2, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\\n\\n4.57\\n\\nNinety-Fifth Supplemental Indenture, dated as of May 2, 2013, among\\nNRG Energy, Inc., the guarantors named therein and Law Debenture\\nTrust Company of New York as trustee, re: NRG Energy, Inc.’s 6.625%\\nSenior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\\n\\n4.58\\n\\nNinety-Seventh Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.25% Senior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.59\\n\\nNinety-Eighth Supplemental Indenture, dated as of September 4, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.60\\n\\nOne Hundredth Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.61\\n\\nOne Hundred-First Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.625% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.62\\n\\nOne Hundred-Third Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.25% Senior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.63\\n\\nOne Hundred-Fourth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.625% Senior Notes due 2018.\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.64\\n\\nOne Hundred-Sixth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.65\\n\\nOne Hundred-Seventh Supplemental Indenture, dated as of October\\n7, 2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.625% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.66\\n\\nOne Hundred-Eighth Supplemental Indenture, dated as of\\nNovember 13, 2013, among NRG Energy, Inc., the guarantors named\\ntherein and Law Debenture Trust Company of New York as trustee,\\nre: NRG Energy, Inc.’s 8.5% Senior Notes due 2019, 8.25% Senior\\nNotes due 2020, 7.625% Senior Notes due 2018, 7.625% Senior Notes\\ndue 2019, 7.875% Senior Notes due 2021 and 6.625% Senior Notes\\ndue 2023.\\n\\nIncorporated herein by reference to Exhibit 4.1 to the\\nRegistrant’s current report on Form 8-K filed on\\nNovember 13, 2013.\\n\\n4.67\\n\\nOne Hundred-Ninth Supplemental Indenture, dated as of January 27,\\n2014, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as Trustee, re: NRG\\nEnergy's 6.25% Senior Notes due 2022.\\n\\nIncorporated herein by reference to Exhibit 4.1 to the\\nCompany's Current Report on Form 8-K filed on\\nJanuary 27, 2014.\\n\\n233\",\"name\":\"fintabnet.NRG_2015_page_235__200dpi_none\",\"page_id\":\"fintabnet.NRG_2015_page_235\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"NRG_2015_page_235\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[119.4,94.9,1525.0,1961.3],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47],\"cells\":null}],\"text\":\"4.52\\n\\nEighty-Eighth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 6.625% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\\n\\n4.53\\n\\nEighty-Ninth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York.\\n\\nIncorporated herein by reference to Exhibit 4.7 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\\n\\n4.54\\n\\nNinety-First Supplemental Indenture, dated as of May 2, 2013, among\\nNRG Energy, Inc., the guarantors named therein and Law Debenture\\nTrust Company of New York as trustee, re: NRG Energy, Inc.’s 8.25%\\nSenior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\\n\\n4.55\\n\\nNinety-Second Supplemental Indenture, dated as of May 2, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018.\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\\n\\n4.56\\n\\nNinety-Fourth Supplemental Indenture, dated as of May 2, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\\n\\n4.57\\n\\nNinety-Fifth Supplemental Indenture, dated as of May 2, 2013, among\\nNRG Energy, Inc., the guarantors named therein and Law Debenture\\nTrust Company of New York as trustee, re: NRG Energy, Inc.’s 6.625%\\nSenior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on May 3,\\n2013.\\n\\n4.58\\n\\nNinety-Seventh Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.25% Senior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.59\\n\\nNinety-Eighth Supplemental Indenture, dated as of September 4, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.60\\n\\nOne Hundredth Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.61\\n\\nOne Hundred-First Supplemental Indenture, dated as of September 4,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.625% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on\\nSeptember 6, 2013.\\n\\n4.62\\n\\nOne Hundred-Third Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 8.25% Senior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.63\\n\\nOne Hundred-Fourth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.625% Senior Notes due 2018.\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.64\\n\\nOne Hundred-Sixth Supplemental Indenture, dated as of October 7,\\n2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.65\\n\\nOne Hundred-Seventh Supplemental Indenture, dated as of October\\n7, 2013, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as trustee, re: NRG\\nEnergy, Inc.’s 6.625% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on October\\n8, 2013.\\n\\n4.66\\n\\nOne Hundred-Eighth Supplemental Indenture, dated as of\\nNovember 13, 2013, among NRG Energy, Inc., the guarantors named\\ntherein and Law Debenture Trust Company of New York as trustee,\\nre: NRG Energy, Inc.’s 8.5% Senior Notes due 2019, 8.25% Senior\\nNotes due 2020, 7.625% Senior Notes due 2018, 7.625% Senior Notes\\ndue 2019, 7.875% Senior Notes due 2021 and 6.625% Senior Notes\\ndue 2023.\\n\\nIncorporated herein by reference to Exhibit 4.1 to the\\nRegistrant’s current report on Form 8-K filed on\\nNovember 13, 2013.\\n\\n4.67\\n\\nOne Hundred-Ninth Supplemental Indenture, dated as of January 27,\\n2014, among NRG Energy, Inc., the guarantors named therein and\\nLaw Debenture Trust Company of New York as Trustee, re: NRG\\nEnergy's 6.25% Senior Notes due 2022.\\n\\nIncorporated herein by reference to Exhibit 4.1 to the\\nCompany's Current Report on Form 8-K filed on\\nJanuary 27, 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2016_page_205\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NRG_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[127.1,70.8,365.7,89.4],\"lines\":[{\"bbox\":[127.1,70.8,365.7,89.4],\"text\":\"Defined Contribution Plans\"}],\"order\":0,\"text\":\"Defined Contribution Plans\"},{\"bbox\":[85.5,114.2,1152.6,208.2],\"lines\":[{\"bbox\":[132.3,114.2,1152.6,133.2],\"text\":\"NRG's employees are also eligible to participate in defined contribution 401(k) plans. Upon completion of the GenOn\"},{\"bbox\":[85.5,139.2,1152.6,158.2],\"text\":\"acquisition, NRG assumed GenOn's defined contribution 401(k) plans and amended the plan covering the majority of employees\"},{\"bbox\":[85.5,164.2,1152.6,183.2],\"text\":\"with NRG 401(k) plan features, effective January 1, 2013. On July 5, 2013, the GenOn defined contribution 401(k) plans were\"},{\"bbox\":[85.5,189.2,372.2,208.2],\"text\":\"merged into the NRG 401(k) plan.\"}],\"order\":1,\"text\":\"NRG's employees are also eligible to participate in defined contribution 401(k) plans. Upon completion of the GenOn\\nacquisition, NRG assumed GenOn's defined contribution 401(k) plans and amended the plan covering the majority of employees\\nwith NRG 401(k) plan features, effective January 1, 2013. On July 5, 2013, the GenOn defined contribution 401(k) plans were\\nmerged into the NRG 401(k) plan.\"},{\"bbox\":[132.3,233.0,638.6,252.0],\"lines\":[{\"bbox\":[132.3,233.0,638.6,252.0],\"text\":\"The Company's contributions to these plans were as follows:\"}],\"order\":2,\"text\":\"The Company's contributions to these plans were as follows:\"},{\"bbox\":[817.4,276.6,1004.5,291.2],\"lines\":[{\"bbox\":[817.4,276.6,1004.5,291.2],\"text\":\"Year Ended December 31,\"}],\"order\":3,\"text\":\"Year Ended December 31,\"},{\"bbox\":[728.4,301.9,761.8,316.5],\"lines\":[{\"bbox\":[728.4,301.9,761.8,316.5],\"text\":\"2016\"}],\"order\":4,\"text\":\"2016\"},{\"bbox\":[91.7,351.7,533.4,370.6],\"lines\":[{\"bbox\":[91.7,351.7,533.4,370.6],\"text\":\"Company contributions to defined contribution plans\"}],\"order\":5,\"text\":\"Company contributions to defined contribution plans\"},{\"bbox\":[673.2,351.7,683.6,370.6],\"lines\":[{\"bbox\":[673.2,351.7,683.6,370.6],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[865.9,301.9,953.4,341.5],\"lines\":[{\"bbox\":[893.1,301.9,926.4,316.5],\"text\":\"2015\"},{\"bbox\":[865.9,326.9,953.4,341.5],\"text\":\"(In millions)\"}],\"order\":7,\"text\":\"2015\\n(In millions)\"},{\"bbox\":[795.5,351.7,816.3,370.6],\"lines\":[{\"bbox\":[795.5,351.7,816.3,370.6],\"text\":\"55\"}],\"order\":8,\"text\":\"55\"},{\"bbox\":[837.9,351.7,848.3,370.6],\"lines\":[{\"bbox\":[837.9,351.7,848.3,370.6],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[1057.7,301.9,1091.1,316.5],\"lines\":[{\"bbox\":[1057.7,301.9,1091.1,316.5],\"text\":\"2014\"}],\"order\":10,\"text\":\"2014\"},{\"bbox\":[960.1,351.7,980.9,370.6],\"lines\":[{\"bbox\":[960.1,351.7,980.9,370.6],\"text\":\"53\"}],\"order\":11,\"text\":\"53\"},{\"bbox\":[1002.5,351.7,1012.9,370.6],\"lines\":[{\"bbox\":[1002.5,351.7,1012.9,370.6],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[1124.8,351.7,1145.6,370.6],\"lines\":[{\"bbox\":[1124.8,351.7,1145.6,370.6],\"text\":\"47\"}],\"order\":13,\"text\":\"47\"},{\"bbox\":[85.5,410.8,340.9,429.1],\"lines\":[{\"bbox\":[85.5,410.8,340.9,429.1],\"text\":\"Note 15 — Capital Structure\"}],\"order\":14,\"text\":\"Note 15 — Capital Structure\"},{\"bbox\":[85.5,453.9,1152.6,522.9],\"lines\":[{\"bbox\":[135.5,453.9,1152.6,472.9],\"text\":\"For the period from December 31, 2013 to December 31, 2016, the Company had 10,000,000 shares of preferred stock\"},{\"bbox\":[85.5,478.9,1152.6,497.9],\"text\":\"authorized, and 500,000,000 shares of common stock authorized. The following table reflects the changes in NRG's common\"},{\"bbox\":[85.5,503.9,554.9,522.9],\"text\":\"shares issued and outstanding for each period presented:\"}],\"order\":15,\"text\":\"For the period from December 31, 2013 to December 31, 2016, the Company had 10,000,000 shares of preferred stock\\nauthorized, and 500,000,000 shares of common stock authorized. The following table reflects the changes in NRG's common\\nshares issued and outstanding for each period presented:\"},{\"bbox\":[91.7,595.9,554.0,964.3],\"lines\":[{\"bbox\":[91.7,595.9,382.3,614.2],\"text\":\"Balance as of December 31, 2013\"},{\"bbox\":[104.2,624.7,322.5,643.6],\"text\":\"Shares issued under ESPP\"},{\"bbox\":[104.2,653.8,327.1,672.8],\"text\":\"Shares issued under LTIPs\"},{\"bbox\":[104.2,683.0,554.0,701.9],\"text\":\"Shares issued in connection with the EME acquisition\"},{\"bbox\":[104.2,712.2,255.2,731.1],\"text\":\"Share repurchases\"},{\"bbox\":[91.7,741.8,382.3,760.1],\"text\":\"Balance as of December 31, 2014\"},{\"bbox\":[104.2,770.5,322.5,789.5],\"text\":\"Shares issued under ESPP\"},{\"bbox\":[104.2,799.7,327.1,818.6],\"text\":\"Shares issued under LTIPs\"},{\"bbox\":[104.2,828.9,255.2,847.8],\"text\":\"Share repurchases\"},{\"bbox\":[91.7,858.5,382.3,876.8],\"text\":\"Balance as of December 31, 2015\"},{\"bbox\":[104.2,887.2,322.5,906.2],\"text\":\"Shares issued under ESPP\"},{\"bbox\":[104.2,916.4,327.1,935.4],\"text\":\"Shares issued under LTIPs\"},{\"bbox\":[91.7,946.0,382.3,964.3],\"text\":\"Balance as of December 31, 2016\"}],\"order\":16,\"text\":\"Balance as of December 31, 2013\\nShares issued under ESPP\\nShares issued under LTIPs\\nShares issued in connection with the EME acquisition\\nShare repurchases\\nBalance as of December 31, 2014\\nShares issued under ESPP\\nShares issued under LTIPs\\nShare repurchases\\nBalance as of December 31, 2015\\nShares issued under ESPP\\nShares issued under LTIPs\\nBalance as of December 31, 2016\"},{\"bbox\":[659.8,570.7,705.3,585.4],\"lines\":[{\"bbox\":[659.8,570.7,705.3,585.4],\"text\":\"Issued\"}],\"order\":17,\"text\":\"Issued\"},{\"bbox\":[839.3,545.7,905.8,585.4],\"lines\":[{\"bbox\":[839.3,545.7,905.1,560.4],\"text\":\"Common\"},{\"bbox\":[840.0,570.7,905.8,585.4],\"text\":\"Treasury\"}],\"order\":18,\"text\":\"Common\\nTreasury\"},{\"bbox\":[662.0,595.5,766.3,964.5],\"lines\":[{\"bbox\":[662.0,595.5,766.2,614.4],\"text\":\"401,126,780\"},{\"bbox\":[745.4,624.7,766.3,643.6],\"text\":\"—\"},{\"bbox\":[682.9,653.8,766.3,672.8],\"text\":\"1,707,419\"},{\"bbox\":[672.5,683.0,766.3,701.9],\"text\":\"12,671,977\"},{\"bbox\":[745.4,712.2,766.3,731.1],\"text\":\"—\"},{\"bbox\":[662.0,741.4,766.2,760.3],\"text\":\"415,506,176\"},{\"bbox\":[745.4,770.5,766.3,789.5],\"text\":\"—\"},{\"bbox\":[682.9,799.7,766.3,818.6],\"text\":\"1,433,774\"},{\"bbox\":[745.4,828.9,766.3,847.8],\"text\":\"—\"},{\"bbox\":[662.0,858.1,766.2,877.0],\"text\":\"416,939,950\"},{\"bbox\":[745.4,887.2,766.3,906.2],\"text\":\"—\"},{\"bbox\":[698.5,916.4,766.3,935.4],\"text\":\"643,875\"},{\"bbox\":[662.0,945.6,766.2,964.5],\"text\":\"417,583,825\"}],\"order\":19,\"text\":\"401,126,780\\n—\\n1,707,419\\n12,671,977\\n—\\n415,506,176\\n—\\n1,433,774\\n—\\n416,939,950\\n—\\n643,875\\n417,583,825\"},{\"bbox\":[844.7,595.4,962.8,964.4],\"lines\":[{\"bbox\":[855.1,595.4,962.8,614.3],\"text\":\"(77,347,528)\"},{\"bbox\":[888.2,624.7,955.9,643.6],\"text\":\"128,336\"},{\"bbox\":[935.1,653.8,955.9,672.8],\"text\":\"—\"},{\"bbox\":[935.1,683.0,955.9,701.9],\"text\":\"—\"},{\"bbox\":[865.6,712.1,962.8,731.0],\"text\":\"(1,624,360)\"},{\"bbox\":[855.1,741.3,962.8,760.2],\"text\":\"(78,843,552)\"},{\"bbox\":[888.2,770.5,955.9,789.5],\"text\":\"283,139\"},{\"bbox\":[935.1,799.7,955.9,818.6],\"text\":\"—\"},{\"bbox\":[855.1,828.8,962.8,847.7],\"text\":\"(24,189,495)\"},{\"bbox\":[844.7,858.0,962.8,876.9],\"text\":\"(102,749,908)\"},{\"bbox\":[888.2,887.2,955.9,906.2],\"text\":\"609,094\"},{\"bbox\":[935.1,916.4,955.9,935.4],\"text\":\"—\"},{\"bbox\":[844.7,945.5,962.8,964.4],\"text\":\"(102,140,814)\"}],\"order\":20,\"text\":\"(77,347,528)\\n128,336\\n—\\n—\\n(1,624,360)\\n(78,843,552)\\n283,139\\n—\\n(24,189,495)\\n(102,749,908)\\n609,094\\n—\\n(102,140,814)\"},{\"bbox\":[1017.4,570.7,1106.3,585.4],\"lines\":[{\"bbox\":[1017.4,570.7,1106.3,585.4],\"text\":\"Outstanding\"}],\"order\":21,\"text\":\"Outstanding\"},{\"bbox\":[1041.4,595.5,1152.5,964.5],\"lines\":[{\"bbox\":[1041.4,595.5,1145.6,614.4],\"text\":\"323,779,252\"},{\"bbox\":[1077.8,624.7,1145.6,643.6],\"text\":\"128,336\"},{\"bbox\":[1062.2,653.8,1145.6,672.8],\"text\":\"1,707,419\"},{\"bbox\":[1051.8,683.0,1145.6,701.9],\"text\":\"12,671,977\"},{\"bbox\":[1055.2,712.1,1152.5,731.0],\"text\":\"(1,624,360)\"},{\"bbox\":[1041.4,741.4,1145.6,760.3],\"text\":\"336,662,624\"},{\"bbox\":[1077.8,770.5,1145.6,789.5],\"text\":\"283,139\"},{\"bbox\":[1062.2,799.7,1145.6,818.6],\"text\":\"1,433,774\"},{\"bbox\":[1044.8,828.8,1152.5,847.7],\"text\":\"(24,189,495)\"},{\"bbox\":[1041.4,858.1,1145.6,877.0],\"text\":\"314,190,042\"},{\"bbox\":[1077.8,887.2,1145.6,906.2],\"text\":\"609,094\"},{\"bbox\":[1077.8,916.4,1145.6,935.4],\"text\":\"643,875\"},{\"bbox\":[1041.4,945.6,1145.6,964.5],\"text\":\"315,443,011\"}],\"order\":22,\"text\":\"323,779,252\\n128,336\\n1,707,419\\n12,671,977\\n(1,624,360)\\n336,662,624\\n283,139\\n1,433,774\\n(24,189,495)\\n314,190,042\\n609,094\\n643,875\\n315,443,011\"},{\"bbox\":[85.5,998.5,222.7,1016.8],\"lines\":[{\"bbox\":[85.5,998.5,222.7,1016.8],\"text\":\"Common Stock\"}],\"order\":23,\"text\":\"Common Stock\"},{\"bbox\":[85.5,1035.3,1152.6,1079.3],\"lines\":[{\"bbox\":[135.5,1035.3,1152.6,1054.3],\"text\":\"The following table summarizes NRG's common stock reserved for the maximum number of shares potentially issuable\"},{\"bbox\":[85.5,1060.3,984.3,1079.3],\"text\":\"based on the conversion and redemption features of the long-term incentive plans as of December 31, 2016:\"}],\"order\":24,\"text\":\"The following table summarizes NRG's common stock reserved for the maximum number of shares potentially issuable\\nbased on the conversion and redemption features of the long-term incentive plans as of December 31, 2016:\"},{\"bbox\":[994.9,1102.2,1112.0,1133.4],\"lines\":[{\"bbox\":[998.6,1102.2,1108.4,1116.8],\"text\":\"Common Stock\"},{\"bbox\":[994.9,1118.7,1112.0,1133.4],\"text\":\"Reserve Balance\"}],\"order\":25,\"text\":\"Common Stock\\nReserve Balance\"},{\"bbox\":[91.7,1110.7,311.7,1158.2],\"lines\":[{\"bbox\":[91.7,1110.7,257.9,1128.9],\"text\":\"Equity Instrument\"},{\"bbox\":[91.7,1139.3,311.7,1158.2],\"text\":\"Long-term incentive plans\"}],\"order\":26,\"text\":\"Equity Instrument\\nLong-term incentive plans\"},{\"bbox\":[1051.8,1139.3,1145.6,1158.2],\"lines\":[{\"bbox\":[1051.8,1139.3,1145.6,1158.2],\"text\":\"17,336,092\"}],\"order\":27,\"text\":\"17,336,092\"},{\"bbox\":[85.5,1187.4,1152.7,1281.4],\"lines\":[{\"bbox\":[123.0,1187.4,1152.6,1206.4],\"text\":\"Common stock dividends — In 2014, NRG paid quarterly dividends on the Company's common stock of $0.14 per share, or\"},{\"bbox\":[85.5,1212.5,1152.5,1231.4],\"text\":\"$0.56 per share on an annualized basis. In 2015, the Company increased its annual common stock dividend by 4% to $0.58 per\"},{\"bbox\":[85.5,1237.5,1152.7,1256.4],\"text\":\"share and in 2016, as part of the 2016 Capital Allocation Program, the Company decreased its annual common stock dividend by\"},{\"bbox\":[85.5,1262.5,1060.5,1281.4],\"text\":\"79% to $0.12 per share. The following table lists the dividends paid per common share during 2016, 2015 and 2014:\"}],\"order\":28,\"text\":\"Common stock dividends — In 2014, NRG paid quarterly dividends on the Company's common stock of $0.14 per share, or\\n$0.56 per share on an annualized basis. In 2015, the Company increased its annual common stock dividend by 4% to $0.58 per\\nshare and in 2016, as part of the 2016 Capital Allocation Program, the Company decreased its annual common stock dividend by\\n79% to $0.12 per share. The following table lists the dividends paid per common share during 2016, 2015 and 2014:\"},{\"bbox\":[752.5,1310.6,810.8,1341.9],\"lines\":[{\"bbox\":[756.6,1310.6,806.6,1325.2],\"text\":\"Fourth\"},{\"bbox\":[752.5,1327.2,810.8,1341.9],\"text\":\"Quarter\"}],\"order\":29,\"text\":\"Fourth\\nQuarter\"},{\"bbox\":[89.6,1349.9,131.3,1423.0],\"lines\":[{\"bbox\":[89.6,1349.9,131.3,1368.8],\"text\":\"2016\"},{\"bbox\":[89.6,1377.0,131.3,1395.9],\"text\":\"2015\"},{\"bbox\":[89.6,1404.1,131.3,1423.0],\"text\":\"2014\"}],\"order\":30,\"text\":\"2016\\n2015\\n2014\"},{\"bbox\":[739.9,1349.9,750.3,1423.0],\"lines\":[{\"bbox\":[739.9,1349.9,750.3,1368.8],\"text\":\"$\"},{\"bbox\":[739.9,1377.0,750.3,1395.9],\"text\":\"$\"},{\"bbox\":[739.9,1404.1,750.3,1423.0],\"text\":\"$\"}],\"order\":31,\"text\":\"$\\n$\\n$\"},{\"bbox\":[775.6,1349.9,822.5,1423.0],\"lines\":[{\"bbox\":[775.6,1349.9,822.5,1368.8],\"text\":\"0.030\"},{\"bbox\":[775.6,1377.0,822.5,1395.9],\"text\":\"0.145\"},{\"bbox\":[775.6,1404.1,822.5,1423.0],\"text\":\"0.140\"}],\"order\":32,\"text\":\"0.030\\n0.145\\n0.140\"},{\"bbox\":[857.7,1310.6,916.1,1341.9],\"lines\":[{\"bbox\":[865.9,1310.6,907.6,1325.2],\"text\":\"Third\"},{\"bbox\":[857.7,1327.2,916.1,1341.9],\"text\":\"Quarter\"}],\"order\":33,\"text\":\"Third\\nQuarter\"},{\"bbox\":[844.1,1349.9,854.5,1423.0],\"lines\":[{\"bbox\":[844.1,1349.9,854.5,1368.8],\"text\":\"$\"},{\"bbox\":[844.1,1377.0,854.5,1395.9],\"text\":\"$\"},{\"bbox\":[844.1,1404.1,854.5,1423.0],\"text\":\"$\"}],\"order\":34,\"text\":\"$\\n$\\n$\"},{\"bbox\":[881.9,1349.9,928.8,1423.0],\"lines\":[{\"bbox\":[881.9,1349.9,928.8,1368.8],\"text\":\"0.030\"},{\"bbox\":[881.9,1377.0,928.8,1395.9],\"text\":\"0.145\"},{\"bbox\":[881.9,1404.1,928.8,1423.0],\"text\":\"0.140\"}],\"order\":35,\"text\":\"0.030\\n0.145\\n0.140\"},{\"bbox\":[964.1,1310.6,1022.4,1341.9],\"lines\":[{\"bbox\":[967.6,1310.6,1018.5,1325.2],\"text\":\"Second\"},{\"bbox\":[964.1,1327.2,1022.4,1341.9],\"text\":\"Quarter\"}],\"order\":36,\"text\":\"Second\\nQuarter\"},{\"bbox\":[950.4,1349.9,960.8,1423.0],\"lines\":[{\"bbox\":[950.4,1349.9,960.8,1368.8],\"text\":\"$\"},{\"bbox\":[950.4,1377.0,960.8,1395.9],\"text\":\"$\"},{\"bbox\":[950.4,1404.1,960.8,1423.0],\"text\":\"$\"}],\"order\":37,\"text\":\"$\\n$\\n$\"},{\"bbox\":[988.2,1349.9,1035.1,1423.0],\"lines\":[{\"bbox\":[988.2,1349.9,1035.1,1368.8],\"text\":\"0.030\"},{\"bbox\":[988.2,1377.0,1035.1,1395.9],\"text\":\"0.145\"},{\"bbox\":[988.2,1404.1,1035.1,1423.0],\"text\":\"0.140\"}],\"order\":38,\"text\":\"0.030\\n0.145\\n0.140\"},{\"bbox\":[1071.4,1310.6,1129.7,1341.9],\"lines\":[{\"bbox\":[1083.3,1310.6,1117.5,1325.2],\"text\":\"First\"},{\"bbox\":[1071.4,1327.2,1129.7,1341.9],\"text\":\"Quarter\"}],\"order\":39,\"text\":\"First\\nQuarter\"},{\"bbox\":[1056.7,1349.9,1067.1,1423.0],\"lines\":[{\"bbox\":[1056.7,1349.9,1067.1,1368.8],\"text\":\"$\"},{\"bbox\":[1056.7,1377.0,1067.1,1395.9],\"text\":\"$\"},{\"bbox\":[1056.7,1404.1,1067.1,1423.0],\"text\":\"$\"}],\"order\":40,\"text\":\"$\\n$\\n$\"},{\"bbox\":[1096.6,1349.9,1143.5,1423.0],\"lines\":[{\"bbox\":[1096.6,1349.9,1143.5,1368.8],\"text\":\"0.145\"},{\"bbox\":[1096.6,1377.0,1143.5,1395.9],\"text\":\"0.145\"},{\"bbox\":[1096.6,1404.1,1143.5,1423.0],\"text\":\"0.120\"}],\"order\":41,\"text\":\"0.145\\n0.145\\n0.120\"},{\"bbox\":[85.5,1448.0,1152.7,1491.9],\"lines\":[{\"bbox\":[133.4,1448.0,1152.7,1466.9],\"text\":\"On January 18, 2017, NRG declared a quarterly dividend on the Company's common stock of $0.03 per share, or $0.12 per\"},{\"bbox\":[85.5,1473.0,999.4,1491.9],\"text\":\"share on an annualized basis, payable on February 15, 2017, to stockholders of record as of February 1, 2017.\"}],\"order\":42,\"text\":\"On January 18, 2017, NRG declared a quarterly dividend on the Company's common stock of $0.03 per share, or $0.12 per\\nshare on an annualized basis, payable on February 15, 2017, to stockholders of record as of February 1, 2017.\"},{\"bbox\":[603.4,1551.4,634.6,1570.4],\"lines\":[{\"bbox\":[603.4,1551.4,634.6,1570.4],\"text\":\"200\"}],\"order\":43,\"text\":\"200\"}],\"doc\":\"fintabnet:NRG_2016\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"Defined Contribution Plans\\n\\nNRG's employees are also eligible to participate in defined contribution 401(k) plans. Upon completion of the GenOn\\nacquisition, NRG assumed GenOn's defined contribution 401(k) plans and amended the plan covering the majority of employees\\nwith NRG 401(k) plan features, effective January 1, 2013. On July 5, 2013, the GenOn defined contribution 401(k) plans were\\nmerged into the NRG 401(k) plan.\\n\\nThe Company's contributions to these plans were as follows:\\n\\nYear Ended December 31,\\n\\n2016\\n\\nCompany contributions to defined contribution plans\\n\\n$\\n\\n2015\\n(In millions)\\n\\n55\\n\\n$\\n\\n2014\\n\\n53\\n\\n$\\n\\n47\\n\\nNote 15 — Capital Structure\\n\\nFor the period from December 31, 2013 to December 31, 2016, the Company had 10,000,000 shares of preferred stock\\nauthorized, and 500,000,000 shares of common stock authorized. The following table reflects the changes in NRG's common\\nshares issued and outstanding for each period presented:\\n\\nBalance as of December 31, 2013\\nShares issued under ESPP\\nShares issued under LTIPs\\nShares issued in connection with the EME acquisition\\nShare repurchases\\nBalance as of December 31, 2014\\nShares issued under ESPP\\nShares issued under LTIPs\\nShare repurchases\\nBalance as of December 31, 2015\\nShares issued under ESPP\\nShares issued under LTIPs\\nBalance as of December 31, 2016\\n\\nIssued\\n\\nCommon\\nTreasury\\n\\n401,126,780\\n—\\n1,707,419\\n12,671,977\\n—\\n415,506,176\\n—\\n1,433,774\\n—\\n416,939,950\\n—\\n643,875\\n417,583,825\\n\\n(77,347,528)\\n128,336\\n—\\n—\\n(1,624,360)\\n(78,843,552)\\n283,139\\n—\\n(24,189,495)\\n(102,749,908)\\n609,094\\n—\\n(102,140,814)\\n\\nOutstanding\\n\\n323,779,252\\n128,336\\n1,707,419\\n12,671,977\\n(1,624,360)\\n336,662,624\\n283,139\\n1,433,774\\n(24,189,495)\\n314,190,042\\n609,094\\n643,875\\n315,443,011\\n\\nCommon Stock\\n\\nThe following table summarizes NRG's common stock reserved for the maximum number of shares potentially issuable\\nbased on the conversion and redemption features of the long-term incentive plans as of December 31, 2016:\\n\\nCommon Stock\\nReserve Balance\\n\\nEquity Instrument\\nLong-term incentive plans\\n\\n17,336,092\\n\\nCommon stock dividends — In 2014, NRG paid quarterly dividends on the Company's common stock of $0.14 per share, or\\n$0.56 per share on an annualized basis. In 2015, the Company increased its annual common stock dividend by 4% to $0.58 per\\nshare and in 2016, as part of the 2016 Capital Allocation Program, the Company decreased its annual common stock dividend by\\n79% to $0.12 per share. The following table lists the dividends paid per common share during 2016, 2015 and 2014:\\n\\nFourth\\nQuarter\\n\\n2016\\n2015\\n2014\\n\\n$\\n$\\n$\\n\\n0.030\\n0.145\\n0.140\\n\\nThird\\nQuarter\\n\\n$\\n$\\n$\\n\\n0.030\\n0.145\\n0.140\\n\\nSecond\\nQuarter\\n\\n$\\n$\\n$\\n\\n0.030\\n0.145\\n0.140\\n\\nFirst\\nQuarter\\n\\n$\\n$\\n$\\n\\n0.145\\n0.145\\n0.120\\n\\nOn January 18, 2017, NRG declared a quarterly dividend on the Company's common stock of $0.03 per share, or $0.12 per\\nshare on an annualized basis, payable on February 15, 2017, to stockholders of record as of February 1, 2017.\\n\\n200\",\"name\":\"fintabnet.NRG_2016_page_205__150dpi_none\",\"page_id\":\"fintabnet.NRG_2016_page_205\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"NRG_2016_page_205\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[89.6,1304.5,1143.5,1424.9],\"block_orders\":[29,30,31,32,33,34,35,36,37,38,39,40,41],\"cells\":null}],\"text\":\"Defined Contribution Plans\\n\\nNRG's employees are also eligible to participate in defined contribution 401(k) plans. Upon completion of the GenOn\\nacquisition, NRG assumed GenOn's defined contribution 401(k) plans and amended the plan covering the majority of employees\\nwith NRG 401(k) plan features, effective January 1, 2013. On July 5, 2013, the GenOn defined contribution 401(k) plans were\\nmerged into the NRG 401(k) plan.\\n\\nThe Company's contributions to these plans were as follows:\\n\\nYear Ended December 31,\\n\\n2016\\n\\nCompany contributions to defined contribution plans\\n\\n$\\n\\n2015\\n(In millions)\\n\\n55\\n\\n$\\n\\n2014\\n\\n53\\n\\n$\\n\\n47\\n\\nNote 15 — Capital Structure\\n\\nFor the period from December 31, 2013 to December 31, 2016, the Company had 10,000,000 shares of preferred stock\\nauthorized, and 500,000,000 shares of common stock authorized. The following table reflects the changes in NRG's common\\nshares issued and outstanding for each period presented:\\n\\nBalance as of December 31, 2013\\nShares issued under ESPP\\nShares issued under LTIPs\\nShares issued in connection with the EME acquisition\\nShare repurchases\\nBalance as of December 31, 2014\\nShares issued under ESPP\\nShares issued under LTIPs\\nShare repurchases\\nBalance as of December 31, 2015\\nShares issued under ESPP\\nShares issued under LTIPs\\nBalance as of December 31, 2016\\n\\nIssued\\n\\nCommon\\nTreasury\\n\\n401,126,780\\n—\\n1,707,419\\n12,671,977\\n—\\n415,506,176\\n—\\n1,433,774\\n—\\n416,939,950\\n—\\n643,875\\n417,583,825\\n\\n(77,347,528)\\n128,336\\n—\\n—\\n(1,624,360)\\n(78,843,552)\\n283,139\\n—\\n(24,189,495)\\n(102,749,908)\\n609,094\\n—\\n(102,140,814)\\n\\nOutstanding\\n\\n323,779,252\\n128,336\\n1,707,419\\n12,671,977\\n(1,624,360)\\n336,662,624\\n283,139\\n1,433,774\\n(24,189,495)\\n314,190,042\\n609,094\\n643,875\\n315,443,011\\n\\nCommon Stock\\n\\nThe following table summarizes NRG's common stock reserved for the maximum number of shares potentially issuable\\nbased on the conversion and redemption features of the long-term incentive plans as of December 31, 2016:\\n\\nCommon Stock\\nReserve Balance\\n\\nEquity Instrument\\nLong-term incentive plans\\n\\n17,336,092\\n\\nCommon stock dividends — In 2014, NRG paid quarterly dividends on the Company's common stock of $0.14 per share, or\\n$0.56 per share on an annualized basis. In 2015, the Company increased its annual common stock dividend by 4% to $0.58 per\\nshare and in 2016, as part of the 2016 Capital Allocation Program, the Company decreased its annual common stock dividend by\\n79% to $0.12 per share. The following table lists the dividends paid per common share during 2016, 2015 and 2014:\\n\\nFourth\\nQuarter\\n\\n2016\\n2015\\n2014\\n\\n$\\n$\\n$\\n\\n0.030\\n0.145\\n0.140\\n\\nThird\\nQuarter\\n\\n$\\n$\\n$\\n\\n0.030\\n0.145\\n0.140\\n\\nSecond\\nQuarter\\n\\n$\\n$\\n$\\n\\n0.030\\n0.145\\n0.140\\n\\nFirst\\nQuarter\\n\\n$\\n$\\n$\\n\\n0.145\\n0.145\\n0.120\\n\\nOn January 18, 2017, NRG declared a quarterly dividend on the Company's common stock of $0.03 per share, or $0.12 per\\nshare on an annualized basis, payable on February 15, 2017, to stockholders of record as of February 1, 2017.\\n\\n200\"},\"name\":\"fintabnet.NRG_2016_page_205__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":149060,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:NRG_2016\",\"dpi\":150,\"gt_sha256\":\"82dffbe0bf3aad195d8e0cb053cfbf1064aabcd58f154df34d04e371ddcb7d59\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NRG_2016_page_205__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.NRG_2016_page_205\",\"pdf_sha256\":\"6d48e8761439c4ba8e03bb609d41db6e2945dba6d6cde60ea7c6418a9b620938\",\"px\":[1238,1613],\"scan\":{\"render\":\"00007ffe001800107ffe38d67842785a785e78fe7ff8700e7ffe003e3ff80000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"NRG_2016_page_205\",\"src\":{\"file_sha256\":\"1b157a365b0122a5f76cd004feb0d83122d4ef1dfc8b3f5e9f1b43062b576709\",\"render\":\"00007ffe001800107d7e78fe7842705e705e70fe3ff4700e7ffe003e3ff80000\",\"text\":\"1e2b089ef3043f63e9f994e6ad763ffdd2682cc550387f6c87dd15545f954162\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"6d48e8761439c4ba8e03bb609d41db6e2945dba6d6cde60ea7c6418a9b620938\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/6d48e8761439c4ba8e03bb609d41db6e2945dba6d6cde60ea7c6418a9b620938.pdf","asset_sha256":"6d48e8761439c4ba8e03bb609d41db6e2945dba6d6cde60ea7c6418a9b620938","document_id":"fintabnet:NRG_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2016_page_205\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2016_page_252\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NRG_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[61.0,24.4,77.1,33.3],\"lines\":[{\"bbox\":[61.0,24.4,77.1,33.3],\"text\":\"4.34\"}],\"order\":0,\"text\":\"4.34\"},{\"bbox\":[108.1,26.9,357.2,83.8],\"lines\":[{\"bbox\":[109.9,26.9,357.0,47.8],\"text\":\"Seventy-Sixth Supplemental Indenture, dated October 9, 2012, among\"},{\"bbox\":[109.4,35.9,356.5,56.8],\"text\":\"NRG Energy, Inc., the existing guarantors named therein, the\"},{\"bbox\":[109.0,44.9,356.2,65.8],\"text\":\"guaranteeing subsidiaries named therein and Law Debenture Trust\"},{\"bbox\":[108.5,53.8,355.6,74.8],\"text\":\"Company of New York as Trustee, re: NRG Energy, Inc.’s 6.625%\"},{\"bbox\":[108.1,62.8,192.9,75.4],\"text\":\"Senior Notes due 2023.\"}],\"order\":1,\"text\":\"Seventy-Sixth Supplemental Indenture, dated October 9, 2012, among\\nNRG Energy, Inc., the existing guarantors named therein, the\\nguaranteeing subsidiaries named therein and Law Debenture Trust\\nCompany of New York as Trustee, re: NRG Energy, Inc.’s 6.625%\\nSenior Notes due 2023.\"},{\"bbox\":[368.6,40.3,566.7,76.6],\"lines\":[{\"bbox\":[369.6,40.3,566.7,58.6],\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\"},{\"bbox\":[369.1,49.3,566.3,67.6],\"text\":\"Registrant's current report on Form 8-K filed on October\"},{\"bbox\":[368.6,58.3,402.8,68.2],\"text\":\"12, 2012.\"}],\"order\":2,\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\\nRegistrant's current report on Form 8-K filed on October\\n12, 2012.\"},{\"bbox\":[58.4,74.3,74.5,83.3],\"lines\":[{\"bbox\":[58.4,74.3,74.5,83.3],\"text\":\"4.35\"}],\"order\":3,\"text\":\"4.35\"},{\"bbox\":[106.9,76.8,354.7,106.7],\"lines\":[{\"bbox\":[107.3,76.8,354.7,97.8],\"text\":\"Senior Indenture, dated December 22, 2004, between Reliant Energy,\"},{\"bbox\":[106.9,85.8,241.3,100.9],\"text\":\"Inc. and Wilmington Trust Company.\"}],\"order\":4,\"text\":\"Senior Indenture, dated December 22, 2004, between Reliant Energy,\\nInc. and Wilmington Trust Company.\"},{\"bbox\":[366.1,90.2,564.2,126.5],\"lines\":[{\"bbox\":[367.0,90.2,564.1,108.6],\"text\":\"Incorporated herein by reference to Exhibit 4.1 to\"},{\"bbox\":[366.5,99.2,563.7,117.6],\"text\":\"GenOn Energy, Inc.’s current report on Form 8-K filed\"},{\"bbox\":[366.1,108.2,450.6,120.7],\"text\":\"on December 27, 2004.\"}],\"order\":5,\"text\":\"Incorporated herein by reference to Exhibit 4.1 to\\nGenOn Energy, Inc.’s current report on Form 8-K filed\\non December 27, 2004.\"},{\"bbox\":[56.7,106.3,72.9,115.2],\"lines\":[{\"bbox\":[56.7,106.3,72.9,115.2],\"text\":\"4.36\"}],\"order\":6,\"text\":\"4.36\"},{\"bbox\":[104.3,108.8,352.9,156.7],\"lines\":[{\"bbox\":[105.7,108.8,352.8,129.7],\"text\":\"Fourth Supplemental Indenture, dated June 13, 2007, among Reliant\"},{\"bbox\":[105.2,117.8,352.5,138.7],\"text\":\"Energy, Inc., the Guarantors listed therein and Wilmington Trust\"},{\"bbox\":[104.7,126.8,351.8,147.7],\"text\":\"Company as Trustee, re: GenOn Energy, Inc.’s 7.625% Senior Notes\"},{\"bbox\":[104.3,135.7,140.1,145.7],\"text\":\"due 2014.\"}],\"order\":7,\"text\":\"Fourth Supplemental Indenture, dated June 13, 2007, among Reliant\\nEnergy, Inc., the Guarantors listed therein and Wilmington Trust\\nCompany as Trustee, re: GenOn Energy, Inc.’s 7.625% Senior Notes\\ndue 2014.\"},{\"bbox\":[364.4,122.2,562.5,158.5],\"lines\":[{\"bbox\":[365.3,122.2,562.5,140.5],\"text\":\"Incorporated herein by reference to Exhibit 4.1 to\"},{\"bbox\":[364.9,131.2,562.0,149.5],\"text\":\"GenOn Energy Inc.'s current report on Form 8-K filed\"},{\"bbox\":[364.4,140.2,428.5,151.6],\"text\":\"on June 15, 2007.\"}],\"order\":8,\"text\":\"Incorporated herein by reference to Exhibit 4.1 to\\nGenOn Energy Inc.'s current report on Form 8-K filed\\non June 15, 2007.\"},{\"bbox\":[54.6,147.2,70.8,156.2],\"lines\":[{\"bbox\":[54.6,147.2,70.8,156.2],\"text\":\"4.37\"}],\"order\":9,\"text\":\"4.37\"},{\"bbox\":[102.2,149.7,350.8,197.6],\"lines\":[{\"bbox\":[103.6,149.7,350.7,170.6],\"text\":\"Fifth Supplemental Indenture, dated June 13, 2007, among Reliant\"},{\"bbox\":[103.1,158.7,350.3,179.6],\"text\":\"Energy, Inc., the Guarantors listed therein and Wilmington Trust\"},{\"bbox\":[102.6,167.7,349.7,188.6],\"text\":\"Company as Trustee, re: GenOn Energy, Inc.’s 7.875% Senior Notes\"},{\"bbox\":[102.2,176.7,138.0,186.7],\"text\":\"due 2017.\"}],\"order\":10,\"text\":\"Fifth Supplemental Indenture, dated June 13, 2007, among Reliant\\nEnergy, Inc., the Guarantors listed therein and Wilmington Trust\\nCompany as Trustee, re: GenOn Energy, Inc.’s 7.875% Senior Notes\\ndue 2017.\"},{\"bbox\":[362.3,163.1,560.4,199.5],\"lines\":[{\"bbox\":[363.2,163.1,560.4,181.5],\"text\":\"Incorporated herein by reference to Exhibit 4.2 to\"},{\"bbox\":[362.8,172.1,559.9,190.5],\"text\":\"GenOn Energy Inc.'s current report on Form 8-K filed\"},{\"bbox\":[362.3,181.1,415.1,192.0],\"text\":\"June 15, 2007.\"}],\"order\":11,\"text\":\"Incorporated herein by reference to Exhibit 4.2 to\\nGenOn Energy Inc.'s current report on Form 8-K filed\\nJune 15, 2007.\"},{\"bbox\":[52.5,188.2,68.7,197.1],\"lines\":[{\"bbox\":[52.5,188.2,68.7,197.1],\"text\":\"4.38\"}],\"order\":12,\"text\":\"4.38\"},{\"bbox\":[101.0,190.7,348.6,220.6],\"lines\":[{\"bbox\":[101.4,190.7,348.6,211.6],\"text\":\"Indenture, dated May 1, 2001, between Mirant Americas Generation,\"},{\"bbox\":[101.0,199.7,260.9,216.1],\"text\":\"Inc. and Bankers Trust Company as Trustee.\"}],\"order\":13,\"text\":\"Indenture, dated May 1, 2001, between Mirant Americas Generation,\\nInc. and Bankers Trust Company as Trustee.\"},{\"bbox\":[360.2,204.1,558.3,240.4],\"lines\":[{\"bbox\":[361.1,204.1,558.3,222.4],\"text\":\"Incorporated herein by reference to Exhibit 4.1 to Mirant\"},{\"bbox\":[360.6,213.1,557.8,231.4],\"text\":\"Americas Generation, Inc.'s Registration Statement on\"},{\"bbox\":[360.2,222.1,479.4,236.4],\"text\":\"Form S-4 filed on June 18, 2001.\"}],\"order\":14,\"text\":\"Incorporated herein by reference to Exhibit 4.1 to Mirant\\nAmericas Generation, Inc.'s Registration Statement on\\nForm S-4 filed on June 18, 2001.\"},{\"bbox\":[50.9,220.1,67.0,229.1],\"lines\":[{\"bbox\":[50.9,220.1,67.0,229.1],\"text\":\"4.39\"}],\"order\":15,\"text\":\"4.39\"},{\"bbox\":[98.9,222.6,346.9,261.5],\"lines\":[{\"bbox\":[99.8,222.6,346.9,243.6],\"text\":\"Third Supplemental Indenture, dated May 1, 2001, between Mirant\"},{\"bbox\":[99.3,231.6,346.4,252.5],\"text\":\"Americas Generation, Inc. and Bankers Trust Company as Trustee, re:\"},{\"bbox\":[98.9,240.6,346.0,261.5],\"text\":\"GenOn Americas Generation, LLC’s 9.125% Senior Notes due 2031.\"}],\"order\":16,\"text\":\"Third Supplemental Indenture, dated May 1, 2001, between Mirant\\nAmericas Generation, Inc. and Bankers Trust Company as Trustee, re:\\nGenOn Americas Generation, LLC’s 9.125% Senior Notes due 2031.\"},{\"bbox\":[358.5,236.1,556.6,272.4],\"lines\":[{\"bbox\":[359.4,236.1,556.6,254.4],\"text\":\"Incorporated herein by reference to Exhibit 4.4 to Mirant\"},{\"bbox\":[359.0,245.0,556.1,263.4],\"text\":\"Americas Generation, Inc.'s Registration Statement on\"},{\"bbox\":[358.5,254.0,477.8,268.3],\"text\":\"Form S-4 filed on June 18, 2001.\"}],\"order\":17,\"text\":\"Incorporated herein by reference to Exhibit 4.4 to Mirant\\nAmericas Generation, Inc.'s Registration Statement on\\nForm S-4 filed on June 18, 2001.\"},{\"bbox\":[49.2,252.1,65.4,261.1],\"lines\":[{\"bbox\":[49.2,252.1,65.4,261.1],\"text\":\"4.40\"}],\"order\":18,\"text\":\"4.40\"},{\"bbox\":[97.2,254.6,345.3,293.5],\"lines\":[{\"bbox\":[98.1,254.6,345.3,275.5],\"text\":\"Fifth Supplemental Indenture, dated October 9, 2001, between Mirant\"},{\"bbox\":[97.7,263.6,344.8,284.5],\"text\":\"Americas Generation, Inc. and Bankers Trust Company as Trustee, re:\"},{\"bbox\":[97.2,272.6,337.0,293.1],\"text\":\"GenOn Americas Generation, LLC’s 8.5% Senior Notes due 2021.\"}],\"order\":19,\"text\":\"Fifth Supplemental Indenture, dated October 9, 2001, between Mirant\\nAmericas Generation, Inc. and Bankers Trust Company as Trustee, re:\\nGenOn Americas Generation, LLC’s 8.5% Senior Notes due 2021.\"},{\"bbox\":[356.9,268.0,555.0,304.3],\"lines\":[{\"bbox\":[357.8,268.0,555.0,286.4],\"text\":\"Incorporated herein by reference to Exhibit 4.6 to Mirant\"},{\"bbox\":[357.3,277.0,554.5,295.3],\"text\":\"Americas Generation, Inc.'s Registration Statement on\"},{\"bbox\":[356.9,286.0,480.1,300.5],\"text\":\"Form S-4/A filed on May 7, 2002.\"}],\"order\":20,\"text\":\"Incorporated herein by reference to Exhibit 4.6 to Mirant\\nAmericas Generation, Inc.'s Registration Statement on\\nForm S-4/A filed on May 7, 2002.\"},{\"bbox\":[47.6,284.0,63.7,293.0],\"lines\":[{\"bbox\":[47.6,284.0,63.7,293.0],\"text\":\"4.41\"}],\"order\":21,\"text\":\"4.41\"},{\"bbox\":[95.6,286.6,343.6,325.5],\"lines\":[{\"bbox\":[96.5,286.6,343.6,307.5],\"text\":\"Sixth Supplemental Indenture, dated November 1, 2001, between\"},{\"bbox\":[96.0,295.6,343.1,316.5],\"text\":\"Mirant Americas Generation LLC and Bankers Trust Company, re:\"},{\"bbox\":[95.6,304.5,204.6,318.3],\"text\":\"Indenture, dated May 1, 2001.\"}],\"order\":22,\"text\":\"Sixth Supplemental Indenture, dated November 1, 2001, between\\nMirant Americas Generation LLC and Bankers Trust Company, re:\\nIndenture, dated May 1, 2001.\"},{\"bbox\":[355.2,300.0,553.3,336.3],\"lines\":[{\"bbox\":[356.1,300.0,553.3,318.3],\"text\":\"Incorporated herein by reference to Exhibit 4.6 to Mirant\"},{\"bbox\":[355.7,309.0,552.8,327.3],\"text\":\"Corporation's annual report on Form 10-K filed on\"},{\"bbox\":[355.2,318.0,424.0,329.7],\"text\":\"February 27, 2009.\"}],\"order\":23,\"text\":\"Incorporated herein by reference to Exhibit 4.6 to Mirant\\nCorporation's annual report on Form 10-K filed on\\nFebruary 27, 2009.\"},{\"bbox\":[45.9,316.0,62.1,325.0],\"lines\":[{\"bbox\":[45.9,316.0,62.1,325.0],\"text\":\"4.42\"}],\"order\":24,\"text\":\"4.42\"},{\"bbox\":[93.4,318.5,341.9,366.4],\"lines\":[{\"bbox\":[94.8,318.5,341.9,339.4],\"text\":\"Seventh Supplemental Indenture, dated January 3, 2006, between\"},{\"bbox\":[94.4,327.5,341.5,348.4],\"text\":\"Mirant Americas Generation LLC and Wells Fargo Bank National\"},{\"bbox\":[93.9,336.5,341.0,357.4],\"text\":\"Association (as successor to Bankers Trust Company), re: Indenture,\"},{\"bbox\":[93.4,345.5,163.5,357.3],\"text\":\"dated May 1, 2001.\"}],\"order\":25,\"text\":\"Seventh Supplemental Indenture, dated January 3, 2006, between\\nMirant Americas Generation LLC and Wells Fargo Bank National\\nAssociation (as successor to Bankers Trust Company), re: Indenture,\\ndated May 1, 2001.\"},{\"bbox\":[353.6,331.9,551.7,368.3],\"lines\":[{\"bbox\":[354.5,331.9,551.7,350.3],\"text\":\"Incorporated herein by reference to Exhibit 4.1 to Mirant\"},{\"bbox\":[354.0,340.9,551.2,359.3],\"text\":\"Americas Generation, LLC's quarterly report on Form\"},{\"bbox\":[353.6,349.9,457.1,363.4],\"text\":\"10-Q filed on May 14, 2007.\"}],\"order\":26,\"text\":\"Incorporated herein by reference to Exhibit 4.1 to Mirant\\nAmericas Generation, LLC's quarterly report on Form\\n10-Q filed on May 14, 2007.\"},{\"bbox\":[43.8,356.9,59.9,365.9],\"lines\":[{\"bbox\":[43.8,356.9,59.9,365.9],\"text\":\"4.43\"}],\"order\":27,\"text\":\"4.43\"},{\"bbox\":[91.8,359.5,340.1,398.4],\"lines\":[{\"bbox\":[92.7,359.5,339.8,380.4],\"text\":\"Senior Notes Indenture, dated October 4, 2010, by GenOn Escrow\"},{\"bbox\":[92.3,368.5,339.6,389.4],\"text\":\"Corp. and Wilmington Trust Company as trustee, re: GenOn Energy,\"},{\"bbox\":[91.8,377.4,338.9,398.4],\"text\":\"Inc.’s 9.5% Senior Notes due 2018 and 9.875% Senior Notes due 2020.\"}],\"order\":28,\"text\":\"Senior Notes Indenture, dated October 4, 2010, by GenOn Escrow\\nCorp. and Wilmington Trust Company as trustee, re: GenOn Energy,\\nInc.’s 9.5% Senior Notes due 2018 and 9.875% Senior Notes due 2020.\"},{\"bbox\":[351.4,372.9,549.5,409.2],\"lines\":[{\"bbox\":[352.4,372.9,549.5,391.2],\"text\":\"Incorporated by reference to Exhibit 4.4 to Mirant\"},{\"bbox\":[351.9,381.9,549.1,400.2],\"text\":\"Corporation's quarterly report on Form 10-Q filed on\"},{\"bbox\":[351.4,390.9,421.3,402.6],\"text\":\"November 5, 2010.\"}],\"order\":29,\"text\":\"Incorporated by reference to Exhibit 4.4 to Mirant\\nCorporation's quarterly report on Form 10-Q filed on\\nNovember 5, 2010.\"},{\"bbox\":[42.1,388.9,58.3,397.9],\"lines\":[{\"bbox\":[42.1,388.9,58.3,397.9],\"text\":\"4.44\"}],\"order\":30,\"text\":\"4.44\"},{\"bbox\":[89.7,391.4,338.3,439.3],\"lines\":[{\"bbox\":[91.1,391.4,338.2,412.4],\"text\":\"Supplemental Indenture, dated December 3, 2010, by and among\"},{\"bbox\":[90.6,400.4,337.9,421.3],\"text\":\"GenOn Energy, Inc., GenOn Escrow Corp. and Wilmington Trust\"},{\"bbox\":[90.1,409.4,337.3,430.3],\"text\":\"Company as trustee, re: GenOn Energy, Inc.’s 9.5% Senior Notes due\"},{\"bbox\":[89.7,418.4,239.9,434.3],\"text\":\"2018 and 9.875% Senior Notes due 2020.\"}],\"order\":31,\"text\":\"Supplemental Indenture, dated December 3, 2010, by and among\\nGenOn Energy, Inc., GenOn Escrow Corp. and Wilmington Trust\\nCompany as trustee, re: GenOn Energy, Inc.’s 9.5% Senior Notes due\\n2018 and 9.875% Senior Notes due 2020.\"},{\"bbox\":[349.8,404.9,547.9,441.2],\"lines\":[{\"bbox\":[350.7,404.9,547.9,423.2],\"text\":\"Incorporated by reference to Exhibit 4.2 to GenOn\"},{\"bbox\":[350.3,413.8,547.4,432.2],\"text\":\"Energy Inc.'s current report on Form 8-K filed on\"},{\"bbox\":[349.8,422.8,418.6,434.5],\"text\":\"December 7, 2010.\"}],\"order\":32,\"text\":\"Incorporated by reference to Exhibit 4.2 to GenOn\\nEnergy Inc.'s current report on Form 8-K filed on\\nDecember 7, 2010.\"},{\"bbox\":[40.0,429.9,56.2,438.8],\"lines\":[{\"bbox\":[40.0,429.9,56.2,438.8],\"text\":\"4.45\"}],\"order\":33,\"text\":\"4.45\"},{\"bbox\":[87.6,432.4,336.3,480.3],\"lines\":[{\"bbox\":[89.0,432.4,336.1,453.3],\"text\":\"Seventy-Eighth Supplemental Indenture, dated as of January 3, 2013,\"},{\"bbox\":[88.5,441.4,335.6,462.3],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[88.0,450.4,335.4,471.3],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[87.6,459.3,219.8,474.3],\"text\":\"Inc.’s 8.25% Senior Notes due 2020.\"}],\"order\":34,\"text\":\"Seventy-Eighth Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 8.25% Senior Notes due 2020.\"},{\"bbox\":[347.7,445.8,545.8,482.1],\"lines\":[{\"bbox\":[348.6,445.8,545.8,464.1],\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\"},{\"bbox\":[348.1,454.8,545.3,473.1],\"text\":\"Registrant’s current report on Form 8-K filed on January\"},{\"bbox\":[347.7,463.8,377.3,473.5],\"text\":\"9, 2013.\"}],\"order\":35,\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\"},{\"bbox\":[37.9,470.8,54.1,479.8],\"lines\":[{\"bbox\":[37.9,470.8,54.1,479.8],\"text\":\"4.46\"}],\"order\":36,\"text\":\"4.46\"},{\"bbox\":[85.4,473.3,334.2,521.2],\"lines\":[{\"bbox\":[86.8,473.3,333.9,494.3],\"text\":\"Seventy-Ninth Supplemental Indenture, dated as of January 3, 2013,\"},{\"bbox\":[86.4,482.3,333.5,503.2],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[85.9,491.3,333.3,512.2],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[85.4,500.3,222.2,515.5],\"text\":\"Inc.’s 7.625% Senior Notes due 2018.\"}],\"order\":37,\"text\":\"Seventy-Ninth Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018.\"},{\"bbox\":[345.6,486.8,543.7,523.1],\"lines\":[{\"bbox\":[346.5,486.8,543.7,505.1],\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\"},{\"bbox\":[346.0,495.7,543.2,514.1],\"text\":\"Registrant’s current report on Form 8-K filed on January\"},{\"bbox\":[345.6,504.7,375.2,514.4],\"text\":\"9, 2013.\"}],\"order\":38,\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\"},{\"bbox\":[35.8,511.8,51.9,520.7],\"lines\":[{\"bbox\":[35.8,511.8,51.9,520.7],\"text\":\"4.47\"}],\"order\":39,\"text\":\"4.47\"},{\"bbox\":[83.3,514.3,332.1,562.2],\"lines\":[{\"bbox\":[84.7,514.3,331.8,535.2],\"text\":\"Eighty-First Supplemental Indenture, dated as of January 3, 2013,\"},{\"bbox\":[84.3,523.3,331.4,544.2],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[83.8,532.3,331.2,553.2],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[83.3,541.2,220.0,556.5],\"text\":\"Inc.’s 7.875% Senior Notes due 2021.\"}],\"order\":40,\"text\":\"Eighty-First Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.875% Senior Notes due 2021.\"},{\"bbox\":[343.4,527.7,541.5,564.0],\"lines\":[{\"bbox\":[344.4,527.7,541.5,546.0],\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\"},{\"bbox\":[343.9,536.7,541.1,555.0],\"text\":\"Registrant’s current report on Form 8-K filed on January\"},{\"bbox\":[343.4,545.7,373.1,555.4],\"text\":\"9, 2013.\"}],\"order\":41,\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\"},{\"bbox\":[33.7,552.7,49.8,561.7],\"lines\":[{\"bbox\":[33.7,552.7,49.8,561.7],\"text\":\"4.48\"}],\"order\":42,\"text\":\"4.48\"},{\"bbox\":[81.2,555.2,330.0,603.1],\"lines\":[{\"bbox\":[82.6,555.2,329.7,576.1],\"text\":\"Eighty-Second Supplemental Indenture, dated as of January 3, 2013,\"},{\"bbox\":[82.1,564.2,329.2,585.1],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[81.7,573.2,329.1,594.1],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[81.2,582.2,217.9,597.4],\"text\":\"Inc.’s 6.625% Senior Notes due 2023.\"}],\"order\":43,\"text\":\"Eighty-Second Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 6.625% Senior Notes due 2023.\"},{\"bbox\":[341.3,568.6,539.4,605.0],\"lines\":[{\"bbox\":[342.3,568.6,539.4,587.0],\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\"},{\"bbox\":[341.8,577.6,539.0,596.0],\"text\":\"Registrant’s current report on Form 8-K filed on January\"},{\"bbox\":[341.3,586.6,371.0,596.3],\"text\":\"9, 2013.\"}],\"order\":44,\"text\":\"Incorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\"},{\"bbox\":[31.6,593.7,47.7,602.6],\"lines\":[{\"bbox\":[31.6,593.7,47.7,602.6],\"text\":\"4.49\"}],\"order\":45,\"text\":\"4.49\"},{\"bbox\":[79.1,596.2,327.9,644.1],\"lines\":[{\"bbox\":[80.5,596.2,327.6,617.1],\"text\":\"Eighty-Fourth Supplemental Indenture, dated as of March 13, 2013,\"},{\"bbox\":[80.0,605.2,327.1,626.1],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[79.6,614.2,326.9,635.1],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[79.1,623.1,211.3,638.1],\"text\":\"Inc.’s 8.25% Senior Notes due 2020.\"}],\"order\":46,\"text\":\"Eighty-Fourth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 8.25% Senior Notes due 2020.\"},{\"bbox\":[339.2,609.6,537.3,645.9],\"lines\":[{\"bbox\":[340.1,609.6,537.3,627.9],\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\"},{\"bbox\":[339.7,618.6,536.8,636.9],\"text\":\"Registrant’s current report on Form 8-K filed on March\"},{\"bbox\":[339.2,627.6,373.3,637.5],\"text\":\"13, 2013.\"}],\"order\":47,\"text\":\"Incorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\"},{\"bbox\":[29.4,634.6,45.6,643.6],\"lines\":[{\"bbox\":[29.4,634.6,45.6,643.6],\"text\":\"4.50\"}],\"order\":48,\"text\":\"4.50\"},{\"bbox\":[77.0,637.1,325.8,685.0],\"lines\":[{\"bbox\":[78.4,637.1,325.5,658.0],\"text\":\"Eighty-Fifth Supplemental Indenture, dated as of March 13, 2013,\"},{\"bbox\":[77.9,646.1,325.0,667.0],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[77.4,655.1,324.8,676.0],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[77.0,664.1,213.7,679.3],\"text\":\"Inc.’s 7.625% Senior Notes due 2018.\"}],\"order\":49,\"text\":\"Eighty-Fifth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018.\"},{\"bbox\":[337.1,650.5,535.2,686.9],\"lines\":[{\"bbox\":[338.0,650.5,535.2,668.9],\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\"},{\"bbox\":[337.6,659.5,534.7,677.9],\"text\":\"Registrant’s current report on Form 8-K filed on March\"},{\"bbox\":[337.1,668.5,371.2,678.4],\"text\":\"13, 2013.\"}],\"order\":50,\"text\":\"Incorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\"},{\"bbox\":[27.3,675.6,43.5,684.5],\"lines\":[{\"bbox\":[27.3,675.6,43.5,684.5],\"text\":\"4.51\"}],\"order\":51,\"text\":\"4.51\"},{\"bbox\":[74.9,678.1,323.6,726.0],\"lines\":[{\"bbox\":[76.3,678.1,323.4,699.0],\"text\":\"Eighty-Seventh Supplemental Indenture, dated as of March 13, 2013,\"},{\"bbox\":[75.8,687.1,322.9,708.0],\"text\":\"among NRG Energy, Inc., the guarantors named therein and Law\"},{\"bbox\":[75.3,696.1,322.7,717.0],\"text\":\"Debenture Trust Company of New York as trustee, re: NRG Energy,\"},{\"bbox\":[74.9,705.0,211.6,720.3],\"text\":\"Inc.’s 7.875% Senior Notes due 2021.\"}],\"order\":52,\"text\":\"Eighty-Seventh Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.875% Senior Notes due 2021.\"},{\"bbox\":[335.0,691.5,533.1,727.8],\"lines\":[{\"bbox\":[335.9,691.5,533.1,709.8],\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\"},{\"bbox\":[335.4,700.5,532.6,718.8],\"text\":\"Registrant’s current report on Form 8-K filed on March\"},{\"bbox\":[335.0,709.5,369.1,719.4],\"text\":\"13, 2013.\"}],\"order\":53,\"text\":\"Incorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\"},{\"bbox\":[270.6,743.6,286.0,753.4],\"lines\":[{\"bbox\":[270.6,743.6,286.0,753.4],\"text\":\"247\"}],\"order\":54,\"text\":\"247\"}],\"doc\":\"fintabnet:NRG_2016\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"4.34\\n\\nSeventy-Sixth Supplemental Indenture, dated October 9, 2012, among\\nNRG Energy, Inc., the existing guarantors named therein, the\\nguaranteeing subsidiaries named therein and Law Debenture Trust\\nCompany of New York as Trustee, re: NRG Energy, Inc.’s 6.625%\\nSenior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant's current report on Form 8-K filed on October\\n12, 2012.\\n\\n4.35\\n\\nSenior Indenture, dated December 22, 2004, between Reliant Energy,\\nInc. and Wilmington Trust Company.\\n\\nIncorporated herein by reference to Exhibit 4.1 to\\nGenOn Energy, Inc.’s current report on Form 8-K filed\\non December 27, 2004.\\n\\n4.36\\n\\nFourth Supplemental Indenture, dated June 13, 2007, among Reliant\\nEnergy, Inc., the Guarantors listed therein and Wilmington Trust\\nCompany as Trustee, re: GenOn Energy, Inc.’s 7.625% Senior Notes\\ndue 2014.\\n\\nIncorporated herein by reference to Exhibit 4.1 to\\nGenOn Energy Inc.'s current report on Form 8-K filed\\non June 15, 2007.\\n\\n4.37\\n\\nFifth Supplemental Indenture, dated June 13, 2007, among Reliant\\nEnergy, Inc., the Guarantors listed therein and Wilmington Trust\\nCompany as Trustee, re: GenOn Energy, Inc.’s 7.875% Senior Notes\\ndue 2017.\\n\\nIncorporated herein by reference to Exhibit 4.2 to\\nGenOn Energy Inc.'s current report on Form 8-K filed\\nJune 15, 2007.\\n\\n4.38\\n\\nIndenture, dated May 1, 2001, between Mirant Americas Generation,\\nInc. and Bankers Trust Company as Trustee.\\n\\nIncorporated herein by reference to Exhibit 4.1 to Mirant\\nAmericas Generation, Inc.'s Registration Statement on\\nForm S-4 filed on June 18, 2001.\\n\\n4.39\\n\\nThird Supplemental Indenture, dated May 1, 2001, between Mirant\\nAmericas Generation, Inc. and Bankers Trust Company as Trustee, re:\\nGenOn Americas Generation, LLC’s 9.125% Senior Notes due 2031.\\n\\nIncorporated herein by reference to Exhibit 4.4 to Mirant\\nAmericas Generation, Inc.'s Registration Statement on\\nForm S-4 filed on June 18, 2001.\\n\\n4.40\\n\\nFifth Supplemental Indenture, dated October 9, 2001, between Mirant\\nAmericas Generation, Inc. and Bankers Trust Company as Trustee, re:\\nGenOn Americas Generation, LLC’s 8.5% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.6 to Mirant\\nAmericas Generation, Inc.'s Registration Statement on\\nForm S-4/A filed on May 7, 2002.\\n\\n4.41\\n\\nSixth Supplemental Indenture, dated November 1, 2001, between\\nMirant Americas Generation LLC and Bankers Trust Company, re:\\nIndenture, dated May 1, 2001.\\n\\nIncorporated herein by reference to Exhibit 4.6 to Mirant\\nCorporation's annual report on Form 10-K filed on\\nFebruary 27, 2009.\\n\\n4.42\\n\\nSeventh Supplemental Indenture, dated January 3, 2006, between\\nMirant Americas Generation LLC and Wells Fargo Bank National\\nAssociation (as successor to Bankers Trust Company), re: Indenture,\\ndated May 1, 2001.\\n\\nIncorporated herein by reference to Exhibit 4.1 to Mirant\\nAmericas Generation, LLC's quarterly report on Form\\n10-Q filed on May 14, 2007.\\n\\n4.43\\n\\nSenior Notes Indenture, dated October 4, 2010, by GenOn Escrow\\nCorp. and Wilmington Trust Company as trustee, re: GenOn Energy,\\nInc.’s 9.5% Senior Notes due 2018 and 9.875% Senior Notes due 2020.\\n\\nIncorporated by reference to Exhibit 4.4 to Mirant\\nCorporation's quarterly report on Form 10-Q filed on\\nNovember 5, 2010.\\n\\n4.44\\n\\nSupplemental Indenture, dated December 3, 2010, by and among\\nGenOn Energy, Inc., GenOn Escrow Corp. and Wilmington Trust\\nCompany as trustee, re: GenOn Energy, Inc.’s 9.5% Senior Notes due\\n2018 and 9.875% Senior Notes due 2020.\\n\\nIncorporated by reference to Exhibit 4.2 to GenOn\\nEnergy Inc.'s current report on Form 8-K filed on\\nDecember 7, 2010.\\n\\n4.45\\n\\nSeventy-Eighth Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 8.25% Senior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\\n\\n4.46\\n\\nSeventy-Ninth Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018.\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\\n\\n4.47\\n\\nEighty-First Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\\n\\n4.48\\n\\nEighty-Second Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 6.625% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\\n\\n4.49\\n\\nEighty-Fourth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 8.25% Senior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\\n\\n4.50\\n\\nEighty-Fifth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018.\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\\n\\n4.51\\n\\nEighty-Seventh Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\\n\\n247\",\"name\":\"fintabnet.NRG_2016_page_252__72dpi_heavy\",\"page_id\":\"fintabnet.NRG_2016_page_252\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.958,\"source\":\"fintabnet\",\"source_id\":\"NRG_2016_page_252\",\"stack\":[{\"deg\":-2.958,\"op\":\"skew\"},{\"amp\":0.346,\"angle\":24.9,\"blob\":0.525,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":4.494,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":17.482},{\"op\":\"jpeg\",\"q\":50}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[25.9,21.5,566.9,737.6],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53],\"cells\":null}],\"text\":\"4.34\\n\\nSeventy-Sixth Supplemental Indenture, dated October 9, 2012, among\\nNRG Energy, Inc., the existing guarantors named therein, the\\nguaranteeing subsidiaries named therein and Law Debenture Trust\\nCompany of New York as Trustee, re: NRG Energy, Inc.’s 6.625%\\nSenior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant's current report on Form 8-K filed on October\\n12, 2012.\\n\\n4.35\\n\\nSenior Indenture, dated December 22, 2004, between Reliant Energy,\\nInc. and Wilmington Trust Company.\\n\\nIncorporated herein by reference to Exhibit 4.1 to\\nGenOn Energy, Inc.’s current report on Form 8-K filed\\non December 27, 2004.\\n\\n4.36\\n\\nFourth Supplemental Indenture, dated June 13, 2007, among Reliant\\nEnergy, Inc., the Guarantors listed therein and Wilmington Trust\\nCompany as Trustee, re: GenOn Energy, Inc.’s 7.625% Senior Notes\\ndue 2014.\\n\\nIncorporated herein by reference to Exhibit 4.1 to\\nGenOn Energy Inc.'s current report on Form 8-K filed\\non June 15, 2007.\\n\\n4.37\\n\\nFifth Supplemental Indenture, dated June 13, 2007, among Reliant\\nEnergy, Inc., the Guarantors listed therein and Wilmington Trust\\nCompany as Trustee, re: GenOn Energy, Inc.’s 7.875% Senior Notes\\ndue 2017.\\n\\nIncorporated herein by reference to Exhibit 4.2 to\\nGenOn Energy Inc.'s current report on Form 8-K filed\\nJune 15, 2007.\\n\\n4.38\\n\\nIndenture, dated May 1, 2001, between Mirant Americas Generation,\\nInc. and Bankers Trust Company as Trustee.\\n\\nIncorporated herein by reference to Exhibit 4.1 to Mirant\\nAmericas Generation, Inc.'s Registration Statement on\\nForm S-4 filed on June 18, 2001.\\n\\n4.39\\n\\nThird Supplemental Indenture, dated May 1, 2001, between Mirant\\nAmericas Generation, Inc. and Bankers Trust Company as Trustee, re:\\nGenOn Americas Generation, LLC’s 9.125% Senior Notes due 2031.\\n\\nIncorporated herein by reference to Exhibit 4.4 to Mirant\\nAmericas Generation, Inc.'s Registration Statement on\\nForm S-4 filed on June 18, 2001.\\n\\n4.40\\n\\nFifth Supplemental Indenture, dated October 9, 2001, between Mirant\\nAmericas Generation, Inc. and Bankers Trust Company as Trustee, re:\\nGenOn Americas Generation, LLC’s 8.5% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.6 to Mirant\\nAmericas Generation, Inc.'s Registration Statement on\\nForm S-4/A filed on May 7, 2002.\\n\\n4.41\\n\\nSixth Supplemental Indenture, dated November 1, 2001, between\\nMirant Americas Generation LLC and Bankers Trust Company, re:\\nIndenture, dated May 1, 2001.\\n\\nIncorporated herein by reference to Exhibit 4.6 to Mirant\\nCorporation's annual report on Form 10-K filed on\\nFebruary 27, 2009.\\n\\n4.42\\n\\nSeventh Supplemental Indenture, dated January 3, 2006, between\\nMirant Americas Generation LLC and Wells Fargo Bank National\\nAssociation (as successor to Bankers Trust Company), re: Indenture,\\ndated May 1, 2001.\\n\\nIncorporated herein by reference to Exhibit 4.1 to Mirant\\nAmericas Generation, LLC's quarterly report on Form\\n10-Q filed on May 14, 2007.\\n\\n4.43\\n\\nSenior Notes Indenture, dated October 4, 2010, by GenOn Escrow\\nCorp. and Wilmington Trust Company as trustee, re: GenOn Energy,\\nInc.’s 9.5% Senior Notes due 2018 and 9.875% Senior Notes due 2020.\\n\\nIncorporated by reference to Exhibit 4.4 to Mirant\\nCorporation's quarterly report on Form 10-Q filed on\\nNovember 5, 2010.\\n\\n4.44\\n\\nSupplemental Indenture, dated December 3, 2010, by and among\\nGenOn Energy, Inc., GenOn Escrow Corp. and Wilmington Trust\\nCompany as trustee, re: GenOn Energy, Inc.’s 9.5% Senior Notes due\\n2018 and 9.875% Senior Notes due 2020.\\n\\nIncorporated by reference to Exhibit 4.2 to GenOn\\nEnergy Inc.'s current report on Form 8-K filed on\\nDecember 7, 2010.\\n\\n4.45\\n\\nSeventy-Eighth Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 8.25% Senior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\\n\\n4.46\\n\\nSeventy-Ninth Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018.\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\\n\\n4.47\\n\\nEighty-First Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.875% Senior Notes due 2021.\\n\\nIncorporated herein by reference to Exhibit 4.5 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\\n\\n4.48\\n\\nEighty-Second Supplemental Indenture, dated as of January 3, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 6.625% Senior Notes due 2023.\\n\\nIncorporated herein by reference to Exhibit 4.6 to the\\nRegistrant’s current report on Form 8-K filed on January\\n9, 2013.\\n\\n4.49\\n\\nEighty-Fourth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 8.25% Senior Notes due 2020.\\n\\nIncorporated herein by reference to Exhibit 4.2 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 2013.\\n\\n4.50\\n\\nEighty-Fifth Supplemental Indenture, dated as of March 13, 2013,\\namong NRG Energy, Inc., the guarantors named therein and Law\\nDebenture Trust Company of New York as trustee, re: NRG Energy,\\nInc.’s 7.625% Senior Notes due 2018.\\n\\nIncorporated herein by reference to Exhibit 4.3 to the\\nRegistrant’s current report on Form 8-K filed on March\\n13, 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millions)\"}],\"order\":251,\"text\":\"(In millions)\"},{\"bbox\":[2660.4,608.6,4595.4,1373.3],\"lines\":[{\"bbox\":[2682.2,608.6,4504.1,724.8],\"text\":\"Lower gross margin resulting from lower average realized energy prices due to a decline in natural gas prices\"},{\"bbox\":[2718.2,651.5,3378.1,728.5],\"text\":\"and increased wind generation in Texas\"},{\"bbox\":[4571.3,714.1,4594.0,769.5],\"text\":\"$\"},{\"bbox\":[2678.6,712.7,4537.8,830.1],\"text\":\"Lower gross margin primarily due to 11% lower coal generation and 21% lower gas generation in Texas, which\"},{\"bbox\":[2714.7,755.6,4481.3,869.9],\"text\":\"was driven by lower gas prices, increased wind generation in Texas, an increase in unplanned outages and\"},{\"bbox\":[2713.3,797.3,3148.9,866.6],\"text\":\"timing of planned outages\"},{\"bbox\":[2673.7,858.5,4522.1,975.5],\"text\":\"Higher gross margin resulting from a 12% increase in nuclear generation driven by reduced unplanned outages\"},{\"bbox\":[2709.8,901.4,3277.2,975.2],\"text\":\"and the timing of planned outages\"},{\"bbox\":[2670.2,962.6,2766.9,1020.5],\"text\":\"Other\"},{\"bbox\":[2668.1,1024.2,3293.3,1100.8],\"text\":\"Decrease in economic gross margin\"},{\"bbox\":[4558.7,1088.9,4581.3,1144.3],\"text\":\"$\"},{\"bbox\":[2666.0,1087.5,4387.6,1200.3],\"text\":\"Decrease in mark-to-market for economic hedging primarily due to net unrealized gains/losses on open\"},{\"bbox\":[2664.6,1129.1,3281.7,1204.6],\"text\":\"positions related to economic hedges\"},{\"bbox\":[2662.5,1191.6,3559.4,1276.6],\"text\":\"Decrease in contract and emission credit amortization\"},{\"bbox\":[2660.4,1253.2,3108.3,1323.8],\"text\":\"Decrease in gross margin\"},{\"bbox\":[4550.9,1317.9,4573.6,1373.3],\"text\":\"$\"}],\"order\":252,\"text\":\"Lower gross margin resulting from lower average realized energy prices due to a decline in natural gas prices\\nand increased wind generation in Texas\\n$\\nLower gross margin primarily due to 11% lower coal generation and 21% lower gas generation in Texas, which\\nwas driven by lower gas prices, increased wind generation in Texas, an increase in unplanned outages and\\ntiming of planned outages\\nHigher gross margin resulting from a 12% increase in nuclear generation driven by reduced unplanned outages\\nand the timing of planned outages\\nOther\\nDecrease in economic gross margin\\n$\\nDecrease in mark-to-market for economic hedging primarily due to net unrealized gains/losses on open\\npositions related to economic hedges\\nDecrease in contract and emission credit amortization\\nDecrease in gross margin\\n$\"},{\"bbox\":[164.0,1978.2,232.1,2024.8],\"lines\":[{\"bbox\":[164.0,1978.2,232.1,2024.8],\"text\":\"2015\"}],\"order\":253,\"text\":\"2015\"},{\"bbox\":[158.5,2140.6,383.3,2192.5],\"lines\":[{\"bbox\":[158.5,2140.6,383.3,2192.5],\"text\":\"10 year average\"}],\"order\":254,\"text\":\"10 year average\"},{\"bbox\":[140.5,2308.9,2278.1,2544.8],\"lines\":[{\"bbox\":[144.5,2308.9,2278.1,2424.6],\"text\":\"(a) National Oceanic and Atmospheric Administration-Climate Prediction Center - A Cooling Degree Day, or CDD, represents the number of degrees that the\"},{\"bbox\":[199.4,2350.7,2276.8,2464.6],\"text\":\"mean temperature for a particular day is above 65 degrees Fahrenheit in each region. A Heating Degree Day, or HDD, represents the number of degrees that\"},{\"bbox\":[198.0,2390.7,2275.3,2504.6],\"text\":\"the mean temperature for a particular day is below 65 degrees Fahrenheit in each region. The CDDs/HDDs for a period of time are calculated by adding the\"},{\"bbox\":[196.7,2430.9,794.9,2494.8],\"text\":\"CDDs/HDDs for each day during the period.\"}],\"order\":255,\"text\":\"(a) National Oceanic and Atmospheric Administration-Climate Prediction Center - A Cooling Degree Day, or CDD, represents the number of degrees that the\\nmean temperature for a particular day is above 65 degrees Fahrenheit in each region. A Heating Degree Day, or HDD, represents the number of degrees that\\nthe mean temperature for a particular day is below 65 degrees Fahrenheit in each region. The CDDs/HDDs for a period of time are calculated by adding the\\nCDDs/HDDs for each day during the period.\"},{\"bbox\":[2635.5,1537.2,4564.1,2110.4],\"lines\":[{\"bbox\":[2650.8,1537.2,4510.8,1654.7],\"text\":\"Lower gross margin due to a 24% decrease in generation primarily driven by the environmental control work at\"},{\"bbox\":[2686.9,1580.2,3470.6,1661.3],\"text\":\"Powerton and fuel conversion projects at Joliet\"},{\"bbox\":[4540.0,1642.7,4562.6,1698.1],\"text\":\"$\"},{\"bbox\":[2647.4,1637.6,4392.1,1751.2],\"text\":\"Lower gross margin due to decreased realized capacity prices in New York due to a change in the mix of\"},{\"bbox\":[2683.5,1680.3,3834.8,1773.8],\"text\":\"capacity resources and a 15% decrease in PJM cleared auction prices\"},{\"bbox\":[2644.3,1729.2,4409.5,1843.5],\"text\":\"Lower gross margin due to the deactivation of the Huntley and Dunkirk facilities as well as the sale of the\"},{\"bbox\":[2680.4,1771.9,2839.5,1831.9],\"text\":\"Rockford\"},{\"bbox\":[2641.1,1824.6,3531.9,1909.3],\"text\":\"Lower gross margin due to lower contracted volumes\"},{\"bbox\":[2639.0,1887.0,4339.5,1999.1],\"text\":\"Lower gross margin due to a decrease in realized energy prices due to the decline in natural gas prices\"},{\"bbox\":[2636.9,1949.5,4488.7,2066.7],\"text\":\"Lower gross margin due to a 7% decrease in resource adequacy capacity volumes sold in California due to unit\"},{\"bbox\":[2672.9,1992.4,3317.7,2068.8],\"text\":\"retirements and a 4% decrease in price\"}],\"order\":256,\"text\":\"Lower gross margin due to a 24% decrease in generation primarily driven by the environmental control work at\\nPowerton and fuel conversion projects at Joliet\\n$\\nLower gross margin due to decreased realized capacity prices in New York due to a change in the mix of\\ncapacity resources and a 15% decrease in PJM cleared auction prices\\nLower gross margin due to the deactivation of the Huntley and Dunkirk facilities as well as the sale of the\\nRockford\\nLower gross margin due to lower contracted volumes\\nLower gross margin due to a decrease in realized energy prices due to the decline in natural gas prices\\nLower gross margin due to a 7% decrease in resource adequacy capacity volumes sold in California due to unit\\nretirements and a 4% decrease in price\"},{\"bbox\":[2626.6,2066.1,4120.6,2358.4],\"lines\":[{\"bbox\":[2632.9,2066.1,4120.6,2171.0],\"text\":\"Higher gross margin by BETM due to higher gains in 2016 on over the counter strategies\"},{\"bbox\":[2630.8,2128.6,3407.6,2209.5],\"text\":\"Changes in commercial optimization activities\"},{\"bbox\":[2628.7,2191.0,2725.4,2249.0],\"text\":\"Other\"},{\"bbox\":[2626.6,2252.7,3251.8,2329.2],\"text\":\"Decrease in economic gross margin\"}],\"order\":257,\"text\":\"Higher gross margin by BETM due to higher gains in 2016 on over the counter strategies\\nChanges in commercial optimization activities\\nOther\\nDecrease in economic gross margin\"},{\"bbox\":[2618.9,2316.0,4332.2,2594.8],\"lines\":[{\"bbox\":[2624.5,2316.0,4332.2,2428.3],\"text\":\"Increase in mark-to-market for economic hedging primarily due to net unrealized gains/losses on open\"},{\"bbox\":[2660.6,2358.9,3277.7,2434.4],\"text\":\"positions related to economic hedges\"},{\"bbox\":[2621.0,2420.1,3504.1,2504.6],\"text\":\"Increase in contract and emission credit amortization\"},{\"bbox\":[2618.9,2481.7,3066.8,2552.3],\"text\":\"Decrease in gross margin\"}],\"order\":258,\"text\":\"Increase in mark-to-market for economic hedging primarily due to net unrealized gains/losses on open\\npositions related to economic hedges\\nIncrease in contract and emission credit amortization\\nDecrease in gross margin\"},{\"bbox\":[137.4,2481.5,2272.3,2637.2],\"lines\":[{\"bbox\":[138.7,2481.5,2272.3,2597.2],\"text\":\"(b) CDDs/HDDs for the Gulf Coast region represent an average of cumulative population-weighted CDDs/HDDs for Texas and the West South-Central Climate\"},{\"bbox\":[193.6,2523.3,288.5,2570.3],\"text\":\"region.\"}],\"order\":259,\"text\":\"(b) CDDs/HDDs for the Gulf Coast region represent an average of cumulative population-weighted CDDs/HDDs for Texas and the West South-Central Climate\\nregion.\"},{\"bbox\":[1165.7,3045.6,1209.2,3101.7],\"lines\":[{\"bbox\":[1165.7,3045.6,1209.2,3101.7],\"text\":\"82\"}],\"order\":260,\"text\":\"82\"},{\"bbox\":[4710.0,718.6,4802.1,776.3],\"lines\":[{\"bbox\":[4710.0,718.6,4802.1,776.3],\"text\":\"(148)\"}],\"order\":261,\"text\":\"(148)\"},{\"bbox\":[4725.9,865.0,4797.2,922.1],\"lines\":[{\"bbox\":[4725.9,865.0,4797.2,922.1],\"text\":\"(82)\"}],\"order\":262,\"text\":\"(82)\"},{\"bbox\":[4697.4,968.6,4793.7,1151.1],\"lines\":[{\"bbox\":[4736.3,969.8,4779.8,1025.9],\"text\":\"55\"},{\"bbox\":[4755.1,1033.0,4777.7,1088.4],\"text\":\"5\"},{\"bbox\":[4697.4,1093.4,4789.5,1151.1],\"text\":\"(170)\"}],\"order\":263,\"text\":\"55\\n5\\n(170)\"},{\"bbox\":[4689.6,1197.5,4786.0,1380.2],\"lines\":[{\"bbox\":[4693.8,1197.5,4786.0,1255.2],\"text\":\"(364)\"},{\"bbox\":[4733.4,1261.3,4783.9,1317.7],\"text\":\"(1)\"},{\"bbox\":[4689.6,1322.4,4781.8,1380.2],\"text\":\"(535)\"}],\"order\":264,\"text\":\"(364)\\n(1)\\n(535)\"},{\"bbox\":[4564.1,1548.9,4740.6,1599.2],\"lines\":[{\"bbox\":[4564.1,1548.9,4740.6,1599.2],\"text\":\"(In millions)\"}],\"order\":265,\"text\":\"(In millions)\"},{\"bbox\":[169.7,1552.6,1284.0,1644.8],\"lines\":[{\"bbox\":[169.7,1552.6,1284.0,1644.8],\"text\":\"The table below represents the weather metrics for 2016 and 2015:\"}],\"order\":266,\"text\":\"The table below represents the weather metrics for 2016 and 2015:\"},{\"bbox\":[914.9,1665.9,1127.3,1750.7],\"lines\":[{\"bbox\":[916.0,1665.9,1127.3,1717.3],\"text\":\"Quarter ended\"},{\"bbox\":[922.8,1699.4,1118.2,1750.4],\"text\":\"December 31,\"}],\"order\":267,\"text\":\"Quarter ended\\nDecember 31,\"},{\"bbox\":[2776.4,469.7,3097.6,536.3],\"lines\":[{\"bbox\":[2776.4,469.7,3097.6,536.3],\"text\":\"Gulf Coast Region\"}],\"order\":268,\"text\":\"Gulf Coast Region\"},{\"bbox\":[2745.1,1398.3,3048.2,1464.3],\"lines\":[{\"bbox\":[2745.1,1398.3,3048.2,1464.3],\"text\":\"East/West Region\"}],\"order\":269,\"text\":\"East/West Region\"},{\"bbox\":[172.7,1340.5,1603.5,1566.6],\"lines\":[{\"bbox\":[177.4,1340.5,1252.4,1415.0],\"text\":\"(a) Renewables Other revenue includes $11 million of intercompany revenue to NRG Yield.\"},{\"bbox\":[176.2,1375.3,902.9,1438.0],\"text\":\"(b) Includes purchased energy, capacity and emissions credits.\"},{\"bbox\":[175.1,1410.2,1601.2,1496.6],\"text\":\"(c) MWh sold excludes generation at facilities in the West and NRG Yield that generate revenue under tolling agreements.\"},{\"bbox\":[173.9,1445.2,1377.2,1524.1],\"text\":\"(d) Does not include MWh of 297 thousand or MWt of 1,946 thousand for thermal sold by NRG Yield.\"},{\"bbox\":[172.7,1480.2,1439.1,1561.2],\"text\":\"(e) Does not include MWh of 297 thousand or MWt of 1,946 thousand for thermal generated by NRG Yield.\"}],\"order\":270,\"text\":\"(a) Renewables Other revenue includes $11 million of intercompany revenue to NRG Yield.\\n(b) Includes purchased energy, capacity and emissions credits.\\n(c) MWh sold excludes generation at facilities in the West and NRG Yield that generate revenue under tolling agreements.\\n(d) Does not include MWh of 297 thousand or MWt of 1,946 thousand for thermal sold by NRG Yield.\\n(e) Does not include MWh of 297 thousand or MWt of 1,946 thousand for thermal generated by NRG Yield.\"},{\"bbox\":[564.7,1654.0,761.2,1738.3],\"lines\":[{\"bbox\":[576.0,1654.4,752.4,1704.7],\"text\":\"Years ended\"},{\"bbox\":[564.7,1687.3,760.1,1738.3],\"text\":\"December 31,\"}],\"order\":271,\"text\":\"Years ended\\nDecember 31,\"},{\"bbox\":[2779.8,370.8,4374.8,479.3],\"lines\":[{\"bbox\":[2779.8,370.8,4374.8,479.3],\"text\":\"The tables below describe the decrease in Generation gross margin and economic gross margin:\"}],\"order\":272,\"text\":\"The tables below describe the decrease in Generation gross margin and economic gross margin:\"},{\"bbox\":[3639.3,3129.1,3682.8,3185.2],\"lines\":[{\"bbox\":[3639.3,3129.1,3682.8,3185.2],\"text\":\"83\"}],\"order\":273,\"text\":\"83\"},{\"bbox\":[4678.7,1647.2,4770.8,1705.0],\"lines\":[{\"bbox\":[4678.7,1647.2,4770.8,1705.0],\"text\":\"(141)\"}],\"order\":274,\"text\":\"(141)\"},{\"bbox\":[4696.4,1739.5,4767.7,1796.6],\"lines\":[{\"bbox\":[4696.4,1739.5,4767.7,1796.6],\"text\":\"(79)\"}],\"order\":275,\"text\":\"(79)\"},{\"bbox\":[4689.1,1831.1,4764.6,2013.1],\"lines\":[{\"bbox\":[4693.3,1831.1,4764.6,1888.2],\"text\":\"(66)\"},{\"bbox\":[4691.2,1893.6,4762.5,1950.7],\"text\":\"(12)\"},{\"bbox\":[4689.1,1956.1,4760.4,2013.1],\"text\":\"(12)\"}],\"order\":276,\"text\":\"(66)\\n(12)\\n(12)\"},{\"bbox\":[4685.6,2060.2,4756.9,2117.2],\"lines\":[{\"bbox\":[4685.6,2060.2,4756.9,2117.2],\"text\":\"(10)\"}],\"order\":277,\"text\":\"(10)\"},{\"bbox\":[4517.2,2317.3,4539.9,2372.8],\"lines\":[{\"bbox\":[4517.2,2317.3,4539.9,2372.8],\"text\":\"$\"}],\"order\":278,\"text\":\"$\"},{\"bbox\":[4655.9,2134.6,4754.3,2379.6],\"lines\":[{\"bbox\":[4697.0,2135.8,4740.5,2191.9],\"text\":\"88\"},{\"bbox\":[4694.9,2198.3,4738.3,2254.4],\"text\":\"50\"},{\"bbox\":[4678.8,2260.1,4750.1,2317.1],\"text\":\"(14)\"},{\"bbox\":[4655.9,2321.8,4748.0,2379.6],\"text\":\"(196)\"}],\"order\":279,\"text\":\"88\\n50\\n(14)\\n(196)\"},{\"bbox\":[4509.5,2546.4,4532.1,2601.8],\"lines\":[{\"bbox\":[4509.5,2546.4,4532.1,2601.8],\"text\":\"$\"}],\"order\":280,\"text\":\"$\"},{\"bbox\":[4648.1,2426.1,4744.5,2608.6],\"lines\":[{\"bbox\":[4687.1,2427.3,4730.6,2483.4],\"text\":\"59\"},{\"bbox\":[4705.8,2490.5,4728.5,2545.9],\"text\":\"2\"},{\"bbox\":[4648.1,2550.9,4740.3,2608.6],\"text\":\"(135)\"}],\"order\":281,\"text\":\"59\\n2\\n(135)\"}],\"doc\":\"fintabnet:NRG_2017\",\"dpi\":300,\"image_px\":[4950,3225],\"layout\":[],\"markdown\":\"Generation gross margin and economic gross margin\\n\\nYear Ended December 31, 2015\\n\\nGeneration\\n\\nGulf\\nCoast\\n\\nEast/\\nWest\\n\\nSubtotal\\n\\nEnergy revenue\\n\\n$ 2,443\\n\\n$ 1,629\\n\\n$ 4,072\\n\\nCapacity revenue\\n\\n290\\n\\n737\\n\\n1,027\\n\\n—\\n\\n—\\n\\n(In millions except otherwise noted)\\n\\nRetail\\n\\n$\\n\\nNRG\\nYield\\n\\nRenewables\\n\\n—\\n\\n$\\n\\n356\\n\\n$\\n\\nCorporate/\\nEliminations\\n\\n495\\n\\n$\\n\\nGeneration gross margin decreased $670 million and economic gross margin decreased $366 million, both of which include\\nintercompany sales, during the year ended December 31, 2016, compared to the same period in 2015.\\n\\nTotal\\n\\n(1,056) $\\n\\n3,867\\n\\n341\\n\\n(7)\\n\\n1,361\\n\\nRetail revenue\\n\\n—\\n\\n—\\n\\n—\\n\\n6,910\\n\\n—\\n\\n—\\n\\n(43)\\n\\n6,867\\n\\nMark-to-market for economic hedging activities\\n\\n(66)\\n\\n(76)\\n\\n(142)\\n\\n4\\n\\n(3)\\n\\n(2)\\n\\n9\\n\\n(134)\\n\\nContract amortization\\n\\n15\\n\\n—\\n\\n15\\n\\n(1)\\n\\n—\\n\\n(54)\\n\\n—\\n\\n(40)\\n\\nOther revenue (a)\\n\\n207\\n\\n—\\n\\n207\\n\\n—\\n\\n30\\n\\n188\\n\\n(18)\\n\\n407\\n\\nOperating revenue\\n\\n2,889\\n\\n2,290\\n\\n5,179\\n\\n6,913\\n\\n383\\n\\n968\\n\\n(1,115)\\n\\n12,328\\n\\nCost of fuel\\n\\n(1,137)\\n\\n(715)\\n\\n(1,852)\\n\\n(9)\\n\\n(4)\\n\\n(43)\\n\\n152\\n\\n(1,756)\\n\\nOther costs of sales (b)\\n\\n(355)\\n\\n(442)\\n\\n(797)\\n\\n(5,236)\\n\\n(12)\\n\\n(28)\\n\\n959\\n\\n(5,114)\\n\\nMark-to-market for economic hedging\\nactivities\\n\\n(17)\\n\\n(29)\\n\\n(46)\\n\\n(4)\\n\\n—\\n\\n—\\n\\n(9)\\n\\n(59)\\n\\nContract and emission credit amortization\\n\\n(28)\\n\\n(7)\\n\\n(35)\\n\\n(6)\\n\\n—\\n\\n—\\n\\n—\\n\\n(41)\\n\\n(13) $\\n\\n5,358\\n\\nGross margin\\n\\n$ 1,352\\n\\n$ 1,097\\n\\n$ 2,449\\n\\n$ 1,658\\n\\nLess: Mark-to-market for economic hedging\\nactivities, net\\n\\n(83)\\n\\n(105)\\n\\n(188)\\n\\n—\\n\\n(3)\\n\\n(2)\\n\\n—\\n\\n(193)\\n\\nLess: Contract and emission credit amortization,\\nnet\\n\\n(13)\\n\\n(7)\\n\\n(20)\\n\\n(7)\\n\\n—\\n\\n(54)\\n\\n—\\n\\n(81)\\n\\n$ 1,448\\n\\n$ 1,209\\n\\n$ 2,657\\n\\n$ 1,665\\n\\n(13) $\\n\\n5,632\\n\\nMWh sold (thousands) (c)(d)\\n\\n58,127\\n\\n37,403\\n\\n3,685\\n\\n6,760\\n\\nMWh generated (thousands) (e)\\n\\n54,162\\n\\n24,623\\n\\n3,739\\n\\n9,247\\n\\nEconomic gross margin\\n\\n$\\n\\n$\\n\\n367\\n\\n370\\n\\n$\\n\\n$\\n\\n897\\n\\n953\\n\\n$\\n\\n$\\n\\nBusiness Metrics\\n\\nGulf\\nCoast (b)\\n\\nEast/West\\n\\nGulf\\nCoast (b)\\n\\nCDDs (a)\\n\\n(a)\\n\\n2,967\\n\\n1,169\\n\\n1,529\\n\\nCDDs\\n\\nHDDs\\n\\nQuarter ended\\nSeptember 30,\\n\\nEast/West\\n\\nGulf\\nCoast (b)\\n\\n362\\n\\n71\\n\\n3,190\\n\\n545\\n\\n2,870\\n\\n1,223\\n\\n1,887\\n\\nCDDs\\n\\nHDDs\\n\\nWeather Metrics\\n\\nQuarter ended\\nJune 30,\\n\\nEast/West\\n\\nGulf\\nCoast (b)\\n\\n1,655\\n\\n806\\n\\n1,145\\n\\n—\\n\\n286\\n\\n107\\n\\n3,322\\n\\n556\\n\\n2,897\\n\\n1,028\\n\\n1,928\\n\\n3,556\\n\\nQuarter ended\\nMarch 31,\\n\\nEast/West\\n\\nGulf\\nCoast (b)\\n\\nEast/West\\n\\n873\\n\\n273\\n\\n76\\n\\n19\\n\\n23\\n\\n53\\n\\n410\\n\\n931\\n\\n1,613\\n\\n1,652\\n\\n798\\n\\n892\\n\\n293\\n\\n41\\n\\n25\\n\\n1,029\\n\\n—\\n\\n16\\n\\n47\\n\\n390\\n\\n1,285\\n\\n1,887\\n\\n240\\n\\n65\\n\\n1,597\\n\\n688\\n\\n969\\n\\n259\\n\\n90\\n\\n16\\n\\n754\\n\\n1,233\\n\\n4\\n\\n49\\n\\n77\\n\\n448\\n\\n1,092\\n\\n1,827\\n\\n2016\\n\\nHDDs\\n\\n(In millions)\\n\\nLower gross margin resulting from lower average realized energy prices due to a decline in natural gas prices\\nand increased wind generation in Texas\\n$\\nLower gross margin primarily due to 11% lower coal generation and 21% lower gas generation in Texas, which\\nwas driven by lower gas prices, increased wind generation in Texas, an increase in unplanned outages and\\ntiming of planned outages\\nHigher gross margin resulting from a 12% increase in nuclear generation driven by reduced unplanned outages\\nand the timing of planned outages\\nOther\\nDecrease in economic gross margin\\n$\\nDecrease in mark-to-market for economic hedging primarily due to net unrealized gains/losses on open\\npositions related to economic hedges\\nDecrease in contract and emission credit amortization\\nDecrease in gross margin\\n$\\n\\n2015\\n\\n10 year average\\n\\n(a) National Oceanic and Atmospheric Administration-Climate Prediction Center - A Cooling Degree Day, or CDD, represents the number of degrees that the\\nmean temperature for a particular day is above 65 degrees Fahrenheit in each region. A Heating Degree Day, or HDD, represents the number of degrees that\\nthe mean temperature for a particular day is below 65 degrees Fahrenheit in each region. The CDDs/HDDs for a period of time are calculated by adding the\\nCDDs/HDDs for each day during the period.\\n\\nLower gross margin due to a 24% decrease in generation primarily driven by the environmental control work at\\nPowerton and fuel conversion projects at Joliet\\n$\\nLower gross margin due to decreased realized capacity prices in New York due to a change in the mix of\\ncapacity resources and a 15% decrease in PJM cleared auction prices\\nLower gross margin due to the deactivation of the Huntley and Dunkirk facilities as well as the sale of the\\nRockford\\nLower gross margin due to lower contracted volumes\\nLower gross margin due to a decrease in realized energy prices due to the decline in natural gas prices\\nLower gross margin due to a 7% decrease in resource adequacy capacity volumes sold in California due to unit\\nretirements and a 4% decrease in price\\n\\nHigher gross margin by BETM due to higher gains in 2016 on over the counter strategies\\nChanges in commercial optimization activities\\nOther\\nDecrease in economic gross margin\\n\\nIncrease in mark-to-market for economic hedging primarily due to net unrealized gains/losses on open\\npositions related to economic hedges\\nIncrease in contract and emission credit amortization\\nDecrease in gross margin\\n\\n(b) CDDs/HDDs for the Gulf Coast region represent an average of cumulative population-weighted CDDs/HDDs for Texas and the West South-Central Climate\\nregion.\\n\\n82\\n\\n(148)\\n\\n(82)\\n\\n55\\n5\\n(170)\\n\\n(364)\\n(1)\\n(535)\\n\\n(In millions)\\n\\nThe table below represents the weather metrics for 2016 and 2015:\\n\\nQuarter ended\\nDecember 31,\\n\\nGulf Coast Region\\n\\nEast/West Region\\n\\n(a) Renewables Other revenue includes $11 million of intercompany revenue to NRG Yield.\\n(b) Includes purchased energy, capacity and emissions credits.\\n(c) MWh sold excludes generation at facilities in the West and NRG Yield that generate revenue under tolling agreements.\\n(d) Does not include MWh of 297 thousand or MWt of 1,946 thousand for thermal sold by NRG Yield.\\n(e) Does not include MWh of 297 thousand or MWt of 1,946 thousand for thermal generated by NRG Yield.\\n\\nYears ended\\nDecember 31,\\n\\nThe tables below describe the decrease in Generation gross margin and economic gross margin:\\n\\n83\\n\\n(141)\\n\\n(79)\\n\\n(66)\\n(12)\\n(12)\\n\\n(10)\\n\\n$\\n\\n88\\n50\\n(14)\\n(196)\\n\\n$\\n\\n59\\n2\\n(135)\",\"name\":\"fintabnet.NRG_2017_page_43__300dpi_heavy\",\"page_id\":\"fintabnet.NRG_2017_page_43\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-1.934,\"source\":\"fintabnet\",\"source_id\":\"NRG_2017_page_43\",\"stack\":[{\"deg\":-1.934,\"op\":\"skew\"},{\"amp\":0.255,\"angle\":195.2,\"blob\":0.369,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.599},{\"op\":\"noise\",\"sigma\":13.083},{\"gain\":0.483,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.028,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[154.7,1640.8,2282.6,2368.4],\"block_orders\":[169,170,171,172,173,174,175,176,177,178,179,180,181,182,183,184,185,186,187,188,189,190,191,192,193,194,195,196,197,198,199,200,201,202,203,204,205,206,207,208,209,210,211,212,213,214,215,216,217,218,219,220,221,222,223,224,225,226,227,228,229,230,231,232,233,234,235,236,237,238,239,240,241,242,243,244,245,246,247,248,249,250,253,254,267,271],\"cells\":null},{\"bbox\":[2660.4,555.7,4805.3,1380.4],\"block_orders\":[251,252,261,262,263,264],\"cells\":null}],\"text\":\"Generation gross margin and economic gross margin\\n\\nYear Ended December 31, 2015\\n\\nGeneration\\n\\nGulf\\nCoast\\n\\nEast/\\nWest\\n\\nSubtotal\\n\\nEnergy revenue\\n\\n$ 2,443\\n\\n$ 1,629\\n\\n$ 4,072\\n\\nCapacity revenue\\n\\n290\\n\\n737\\n\\n1,027\\n\\n—\\n\\n—\\n\\n(In millions except otherwise noted)\\n\\nRetail\\n\\n$\\n\\nNRG\\nYield\\n\\nRenewables\\n\\n—\\n\\n$\\n\\n356\\n\\n$\\n\\nCorporate/\\nEliminations\\n\\n495\\n\\n$\\n\\nGeneration gross margin decreased $670 million and economic gross margin decreased $366 million, both of which include\\nintercompany sales, during the year ended December 31, 2016, compared to the same period in 2015.\\n\\nTotal\\n\\n(1,056) $\\n\\n3,867\\n\\n341\\n\\n(7)\\n\\n1,361\\n\\nRetail revenue\\n\\n—\\n\\n—\\n\\n—\\n\\n6,910\\n\\n—\\n\\n—\\n\\n(43)\\n\\n6,867\\n\\nMark-to-market for economic hedging activities\\n\\n(66)\\n\\n(76)\\n\\n(142)\\n\\n4\\n\\n(3)\\n\\n(2)\\n\\n9\\n\\n(134)\\n\\nContract amortization\\n\\n15\\n\\n—\\n\\n15\\n\\n(1)\\n\\n—\\n\\n(54)\\n\\n—\\n\\n(40)\\n\\nOther revenue (a)\\n\\n207\\n\\n—\\n\\n207\\n\\n—\\n\\n30\\n\\n188\\n\\n(18)\\n\\n407\\n\\nOperating revenue\\n\\n2,889\\n\\n2,290\\n\\n5,179\\n\\n6,913\\n\\n383\\n\\n968\\n\\n(1,115)\\n\\n12,328\\n\\nCost of fuel\\n\\n(1,137)\\n\\n(715)\\n\\n(1,852)\\n\\n(9)\\n\\n(4)\\n\\n(43)\\n\\n152\\n\\n(1,756)\\n\\nOther costs of sales (b)\\n\\n(355)\\n\\n(442)\\n\\n(797)\\n\\n(5,236)\\n\\n(12)\\n\\n(28)\\n\\n959\\n\\n(5,114)\\n\\nMark-to-market for economic hedging\\nactivities\\n\\n(17)\\n\\n(29)\\n\\n(46)\\n\\n(4)\\n\\n—\\n\\n—\\n\\n(9)\\n\\n(59)\\n\\nContract and emission credit amortization\\n\\n(28)\\n\\n(7)\\n\\n(35)\\n\\n(6)\\n\\n—\\n\\n—\\n\\n—\\n\\n(41)\\n\\n(13) $\\n\\n5,358\\n\\nGross margin\\n\\n$ 1,352\\n\\n$ 1,097\\n\\n$ 2,449\\n\\n$ 1,658\\n\\nLess: Mark-to-market for economic hedging\\nactivities, net\\n\\n(83)\\n\\n(105)\\n\\n(188)\\n\\n—\\n\\n(3)\\n\\n(2)\\n\\n—\\n\\n(193)\\n\\nLess: Contract and emission credit amortization,\\nnet\\n\\n(13)\\n\\n(7)\\n\\n(20)\\n\\n(7)\\n\\n—\\n\\n(54)\\n\\n—\\n\\n(81)\\n\\n$ 1,448\\n\\n$ 1,209\\n\\n$ 2,657\\n\\n$ 1,665\\n\\n(13) $\\n\\n5,632\\n\\nMWh sold (thousands) (c)(d)\\n\\n58,127\\n\\n37,403\\n\\n3,685\\n\\n6,760\\n\\nMWh generated (thousands) (e)\\n\\n54,162\\n\\n24,623\\n\\n3,739\\n\\n9,247\\n\\nEconomic gross margin\\n\\n$\\n\\n$\\n\\n367\\n\\n370\\n\\n$\\n\\n$\\n\\n897\\n\\n953\\n\\n$\\n\\n$\\n\\nBusiness Metrics\\n\\nGulf\\nCoast (b)\\n\\nEast/West\\n\\nGulf\\nCoast (b)\\n\\nCDDs (a)\\n\\n(a)\\n\\n2,967\\n\\n1,169\\n\\n1,529\\n\\nCDDs\\n\\nHDDs\\n\\nQuarter ended\\nSeptember 30,\\n\\nEast/West\\n\\nGulf\\nCoast (b)\\n\\n362\\n\\n71\\n\\n3,190\\n\\n545\\n\\n2,870\\n\\n1,223\\n\\n1,887\\n\\nCDDs\\n\\nHDDs\\n\\nWeather Metrics\\n\\nQuarter ended\\nJune 30,\\n\\nEast/West\\n\\nGulf\\nCoast (b)\\n\\n1,655\\n\\n806\\n\\n1,145\\n\\n—\\n\\n286\\n\\n107\\n\\n3,322\\n\\n556\\n\\n2,897\\n\\n1,028\\n\\n1,928\\n\\n3,556\\n\\nQuarter ended\\nMarch 31,\\n\\nEast/West\\n\\nGulf\\nCoast (b)\\n\\nEast/West\\n\\n873\\n\\n273\\n\\n76\\n\\n19\\n\\n23\\n\\n53\\n\\n410\\n\\n931\\n\\n1,613\\n\\n1,652\\n\\n798\\n\\n892\\n\\n293\\n\\n41\\n\\n25\\n\\n1,029\\n\\n—\\n\\n16\\n\\n47\\n\\n390\\n\\n1,285\\n\\n1,887\\n\\n240\\n\\n65\\n\\n1,597\\n\\n688\\n\\n969\\n\\n259\\n\\n90\\n\\n16\\n\\n754\\n\\n1,233\\n\\n4\\n\\n49\\n\\n77\\n\\n448\\n\\n1,092\\n\\n1,827\\n\\n2016\\n\\nHDDs\\n\\n(In millions)\\n\\nLower gross margin resulting from lower average realized energy prices due to a decline in natural gas prices\\nand increased wind generation in Texas\\n$\\nLower gross margin primarily due to 11% lower coal generation and 21% lower gas generation in Texas, which\\nwas driven by lower gas prices, increased wind generation in Texas, an increase in unplanned outages and\\ntiming of planned outages\\nHigher gross margin resulting from a 12% increase in nuclear generation driven by reduced unplanned outages\\nand the timing of planned outages\\nOther\\nDecrease in economic gross margin\\n$\\nDecrease in mark-to-market for economic hedging primarily due to net unrealized gains/losses on open\\npositions related to economic hedges\\nDecrease in contract and emission credit amortization\\nDecrease in gross margin\\n$\\n\\n2015\\n\\n10 year average\\n\\n(a) National Oceanic and Atmospheric Administration-Climate Prediction Center - A Cooling Degree Day, or CDD, represents the number of degrees that the\\nmean temperature for a particular day is above 65 degrees Fahrenheit in each region. A Heating Degree Day, or HDD, represents the number of degrees that\\nthe mean temperature for a particular day is below 65 degrees Fahrenheit in each region. The CDDs/HDDs for a period of time are calculated by adding the\\nCDDs/HDDs for each day during the period.\\n\\nLower gross margin due to a 24% decrease in generation primarily driven by the environmental control work at\\nPowerton and fuel conversion projects at Joliet\\n$\\nLower gross margin due to decreased realized capacity prices in New York due to a change in the mix of\\ncapacity resources and a 15% decrease in PJM cleared auction prices\\nLower gross margin due to the deactivation of the Huntley and Dunkirk facilities as well as the sale of the\\nRockford\\nLower gross margin due to lower contracted volumes\\nLower gross margin due to a decrease in realized energy prices due to the decline in natural gas prices\\nLower gross margin due to a 7% decrease in resource adequacy capacity volumes sold in California due to unit\\nretirements and a 4% decrease in price\\n\\nHigher gross margin by BETM due to higher gains in 2016 on over the counter strategies\\nChanges in commercial optimization activities\\nOther\\nDecrease in economic gross margin\\n\\nIncrease in mark-to-market for economic hedging primarily due to net unrealized gains/losses on open\\npositions related to economic hedges\\nIncrease in contract and emission credit amortization\\nDecrease in gross margin\\n\\n(b) CDDs/HDDs for the Gulf Coast region represent an average of cumulative population-weighted CDDs/HDDs for Texas and the West South-Central Climate\\nregion.\\n\\n82\\n\\n(148)\\n\\n(82)\\n\\n55\\n5\\n(170)\\n\\n(364)\\n(1)\\n(535)\\n\\n(In millions)\\n\\nThe table below represents the weather metrics for 2016 and 2015:\\n\\nQuarter ended\\nDecember 31,\\n\\nGulf Coast Region\\n\\nEast/West Region\\n\\n(a) Renewables Other revenue includes $11 million of intercompany revenue to NRG Yield.\\n(b) Includes purchased energy, capacity and emissions credits.\\n(c) MWh sold excludes generation at facilities in the West and NRG Yield that generate revenue under tolling agreements.\\n(d) Does not include MWh of 297 thousand or MWt of 1,946 thousand for thermal sold by NRG Yield.\\n(e) Does not include MWh of 297 thousand or MWt of 1,946 thousand for thermal generated by NRG Yield.\\n\\nYears ended\\nDecember 31,\\n\\nThe tables below describe the decrease in Generation gross margin and economic gross margin:\\n\\n83\\n\\n(141)\\n\\n(79)\\n\\n(66)\\n(12)\\n(12)\\n\\n(10)\\n\\n$\\n\\n88\\n50\\n(14)\\n(196)\\n\\n$\\n\\n59\\n2\\n(135)\"},\"name\":\"fintabnet.NRG_2017_page_43__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":417187,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:NRG_2017\",\"dpi\":300,\"gt_sha256\":\"c05bc55376200eb0392064dea53faaca153866bf1e5ff8d963dba89ae355b9ca\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NRG_2017_page_43__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.NRG_2017_page_43\",\"pdf_sha256\":\"6073a1d5819367b16c4ce3a8f8d013e652840d7c44602a3282883ad39fd736e0\",\"px\":[4950,3225],\"scan\":{\"render\":\"9400fe7cf840df7cf8fef8e0d441f8407efc9a7480fcf8e0fe40000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"NRG_2017_page_43\",\"src\":{\"file_sha256\":\"716f46f88da32a5769f85ec41d801cfc9bfb71eb48412924fb1635b541a8de76\",\"render\":\"00605e7c40005efe5ee078f0de41f8707efc7efc00e0f2e07e41000000000000\",\"text\":\"a7d0194d38f5a44f855037c2c9790f5b8c88a807a7a3935cbe88aadda2507332\"},\"stack\":[{\"deg\":-1.934,\"op\":\"skew\"},{\"amp\":0.255,\"angle\":195.2,\"blob\":0.369,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.599},{\"op\":\"noise\",\"sigma\":13.083},{\"gain\":0.483,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.028,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"6073a1d5819367b16c4ce3a8f8d013e652840d7c44602a3282883ad39fd736e0\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/6073a1d5819367b16c4ce3a8f8d013e652840d7c44602a3282883ad39fd736e0.pdf","asset_sha256":"6073a1d5819367b16c4ce3a8f8d013e652840d7c44602a3282883ad39fd736e0","document_id":"fintabnet:NRG_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2017_page_43\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2017_page_93\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NRG_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[113.9,85.6,1536.2,222.1],\"lines\":[{\"bbox\":[180.6,85.6,1536.1,122.1],\"text\":\"The Company's estimated unrecognized loss and unrecognized prior service cost for NRG's pension plan that will be\"},{\"bbox\":[113.9,119.0,1536.2,155.5],\"text\":\"amortized from accumulated OCI to net periodic cost over the next fiscal year is less than $1 million. The Company's estimated\"},{\"bbox\":[113.9,152.3,1536.2,188.8],\"text\":\"unrecognized gain and unrecognized prior service credit for NRG's postretirement plan that will be amortized from accumulated\"},{\"bbox\":[113.9,185.6,1227.6,222.1],\"text\":\"OCI to net periodic cost over the next fiscal year is less than $1 million and $7 million, respectively.\"}],\"order\":0,\"text\":\"The Company's estimated unrecognized loss and unrecognized prior service cost for NRG's pension plan that will be\\namortized from accumulated OCI to net periodic cost over the next fiscal year is less than $1 million. The Company's estimated\\nunrecognized gain and unrecognized prior service credit for NRG's postretirement plan that will be amortized from accumulated\\nOCI to net periodic cost over the next fiscal year is less than $1 million and $7 million, respectively.\"},{\"bbox\":[180.6,244.0,1203.9,280.5],\"lines\":[{\"bbox\":[180.6,244.0,1203.9,280.5],\"text\":\"The following table presents the balances of significant components of NRG's pension plan:\"}],\"order\":1,\"text\":\"The following table presents the balances of significant components of NRG's pension plan:\"},{\"bbox\":[1230.4,302.7,1414.1,332.3],\"lines\":[{\"bbox\":[1230.4,302.7,1414.1,332.3],\"text\":\"As of December 31,\"}],\"order\":2,\"text\":\"As of December 31,\"},{\"bbox\":[1244.0,336.4,1400.2,366.0],\"lines\":[{\"bbox\":[1244.0,336.4,1400.2,366.0],\"text\":\"Pension Benefits\"}],\"order\":3,\"text\":\"Pension Benefits\"},{\"bbox\":[1190.3,369.8,1234.7,399.4],\"lines\":[{\"bbox\":[1190.3,369.8,1234.7,399.4],\"text\":\"2017\"}],\"order\":4,\"text\":\"2017\"},{\"bbox\":[1763.9,85.6,3186.1,322.1],\"lines\":[{\"bbox\":[1830.6,85.6,3186.1,122.1],\"text\":\"In accordance with ASC 820, the Company determines the level in the fair value hierarchy within which each fair value\"},{\"bbox\":[1763.9,119.0,3186.1,155.5],\"text\":\"measurement in its entirety falls, based on the lowest level input that is significant to the fair value measurement in its entirety.\"},{\"bbox\":[1763.9,152.3,3186.1,188.8],\"text\":\"The fair value of the common/collective trust investments is valued at fair value which is equal to the sum of the market value of\"},{\"bbox\":[1763.9,185.6,3186.1,222.1],\"text\":\"all of the fund's underlying investments. Certain common/collective trust investments have readily determinable fair value as\"},{\"bbox\":[1763.9,219.0,3186.1,255.5],\"text\":\"they publish daily net asset value, or NAV, per share and are categorized as Level 2. Certain other common/collective trust\"},{\"bbox\":[1763.9,252.3,3186.1,288.8],\"text\":\"investments and partnerships/joint ventures use NAV per share, or its equivalent, as a practical expedient for valuation, and thus\"},{\"bbox\":[1763.9,285.6,2374.0,322.1],\"text\":\"have been removed from the fair value hierarchy table.\"}],\"order\":5,\"text\":\"In accordance with ASC 820, the Company determines the level in the fair value hierarchy within which each fair value\\nmeasurement in its entirety falls, based on the lowest level input that is significant to the fair value measurement in its entirety.\\nThe fair value of the common/collective trust investments is valued at fair value which is equal to the sum of the market value of\\nall of the fund's underlying investments. Certain common/collective trust investments have readily determinable fair value as\\nthey publish daily net asset value, or NAV, per share and are categorized as Level 2. Certain other common/collective trust\\ninvestments and partnerships/joint ventures use NAV per share, or its equivalent, as a practical expedient for valuation, and thus\\nhave been removed from the fair value hierarchy table.\"},{\"bbox\":[1830.6,344.0,2952.6,380.5],\"lines\":[{\"bbox\":[1830.6,344.0,2952.6,380.5],\"text\":\"The following table presents the significant assumptions used to calculate NRG's benefit obligations:\"}],\"order\":6,\"text\":\"The following table presents the significant assumptions used to calculate NRG's benefit obligations:\"},{\"bbox\":[1409.7,369.8,1454.2,399.4],\"lines\":[{\"bbox\":[1409.7,369.8,1454.2,399.4],\"text\":\"2016\"}],\"order\":7,\"text\":\"2016\"},{\"bbox\":[2672.1,402.7,2855.8,432.3],\"lines\":[{\"bbox\":[2672.1,402.7,2855.8,432.3],\"text\":\"As of December 31,\"}],\"order\":8,\"text\":\"As of December 31,\"},{\"bbox\":[1263.8,403.1,1380.4,432.7],\"lines\":[{\"bbox\":[1263.8,403.1,1380.4,432.7],\"text\":\"(In millions)\"}],\"order\":9,\"text\":\"(In millions)\"},{\"bbox\":[122.2,435.4,474.0,549.7],\"lines\":[{\"bbox\":[122.2,435.4,430.8,471.9],\"text\":\"Projected benefit obligation\"},{\"bbox\":[122.2,474.3,474.0,510.8],\"text\":\"Accumulated benefit obligation\"},{\"bbox\":[122.2,513.2,390.7,549.7],\"text\":\"Fair value of plan assets\"}],\"order\":10,\"text\":\"Projected benefit obligation\\nAccumulated benefit obligation\\nFair value of plan assets\"},{\"bbox\":[1116.7,435.4,1130.6,471.9],\"lines\":[{\"bbox\":[1116.7,435.4,1130.6,471.9],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[1244.9,435.4,1307.4,549.7],\"lines\":[{\"bbox\":[1244.9,435.4,1307.4,471.9],\"text\":\"1,329\"},{\"bbox\":[1244.9,474.3,1307.4,510.8],\"text\":\"1,255\"},{\"bbox\":[1244.9,513.2,1307.4,549.7],\"text\":\"1,104\"}],\"order\":12,\"text\":\"1,329\\n1,255\\n1,104\"},{\"bbox\":[1336.1,435.4,1350.0,471.9],\"lines\":[{\"bbox\":[1336.1,435.4,1350.0,471.9],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[1464.3,435.4,1526.8,549.7],\"lines\":[{\"bbox\":[1464.3,435.4,1526.8,471.9],\"text\":\"1,241\"},{\"bbox\":[1464.3,474.3,1526.8,510.8],\"text\":\"1,174\"},{\"bbox\":[1485.1,513.2,1526.8,549.7],\"text\":\"953\"}],\"order\":14,\"text\":\"1,241\\n1,174\\n953\"},{\"bbox\":[113.9,582.9,1536.1,652.7],\"lines\":[{\"bbox\":[180.6,582.9,1536.1,619.4],\"text\":\"NRG's market-related value of its plan assets is the fair value of the assets. The fair values of the Company's pension plan\"},{\"bbox\":[113.9,616.2,1054.9,652.7],\"text\":\"assets by asset category and their level within the fair value hierarchy are as follows:\"}],\"order\":15,\"text\":\"NRG's market-related value of its plan assets is the fair value of the assets. The fair values of the Company's pension plan\\nassets by asset category and their level within the fair value hierarchy are as follows:\"},{\"bbox\":[991.7,674.9,1469.6,704.5],\"lines\":[{\"bbox\":[991.7,674.9,1469.6,704.5],\"text\":\"Fair Value Measurements as of December 31, 2017\"}],\"order\":16,\"text\":\"Fair Value Measurements as of December 31, 2017\"},{\"bbox\":[936.4,708.6,1116.6,804.9],\"lines\":[{\"bbox\":[947.4,708.6,1105.4,738.3],\"text\":\"Quoted Prices in\"},{\"bbox\":[936.4,730.9,1116.6,760.5],\"text\":\"Active Markets for\"},{\"bbox\":[952.5,753.1,1100.0,782.7],\"text\":\"Identical Assets\"},{\"bbox\":[984.7,775.3,1068.0,804.9],\"text\":\"(Level 1)\"}],\"order\":17,\"text\":\"Quoted Prices in\\nActive Markets for\\nIdentical Assets\\n(Level 1)\"},{\"bbox\":[1152.2,730.4,1328.2,804.5],\"lines\":[{\"bbox\":[1189.0,730.4,1291.5,760.1],\"text\":\"Significant\"},{\"bbox\":[1152.2,752.7,1328.2,782.3],\"text\":\"Observable Inputs\"},{\"bbox\":[1198.6,774.9,1281.9,804.5],\"text\":\"(Level 2)\"}],\"order\":18,\"text\":\"Significant\\nObservable Inputs\\n(Level 2)\"},{\"bbox\":[933.3,841.0,947.2,877.5],\"lines\":[{\"bbox\":[933.3,841.0,947.2,877.5],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[933.3,1021.6,947.2,1058.1],\"lines\":[{\"bbox\":[933.3,1021.6,947.2,1058.1],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[1090.7,841.0,1118.5,1058.1],\"lines\":[{\"bbox\":[1090.7,841.0,1118.5,877.5],\"text\":\"—\"},{\"bbox\":[1090.7,877.1,1118.5,913.6],\"text\":\"—\"},{\"bbox\":[1090.7,913.2,1118.5,949.7],\"text\":\"—\"},{\"bbox\":[1090.7,949.3,1118.5,985.8],\"text\":\"—\"},{\"bbox\":[1104.6,985.4,1118.5,1021.9],\"text\":\"5\"},{\"bbox\":[1104.6,1021.6,1118.5,1058.1],\"text\":\"5\"}],\"order\":21,\"text\":\"—\\n—\\n—\\n—\\n5\\n5\"},{\"bbox\":[1147.2,841.0,1161.1,877.5],\"lines\":[{\"bbox\":[1147.2,841.0,1161.1,877.5],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[1290.7,841.0,1332.4,1058.1],\"lines\":[{\"bbox\":[1290.7,841.0,1332.4,877.5],\"text\":\"256\"},{\"bbox\":[1304.6,877.1,1332.4,913.6],\"text\":\"66\"},{\"bbox\":[1290.7,913.2,1332.4,949.7],\"text\":\"178\"},{\"bbox\":[1290.7,949.3,1332.4,985.8],\"text\":\"230\"},{\"bbox\":[1304.6,985.4,1332.4,1021.9],\"text\":\"—\"},{\"bbox\":[1290.7,1021.6,1332.4,1058.1],\"text\":\"730\"}],\"order\":23,\"text\":\"256\\n66\\n178\\n230\\n—\\n730\"},{\"bbox\":[1147.2,1021.6,1161.1,1058.1],\"lines\":[{\"bbox\":[1147.2,1021.6,1161.1,1058.1],\"text\":\"$\"}],\"order\":24,\"text\":\"$\"},{\"bbox\":[933.3,1435.4,947.2,1471.9],\"lines\":[{\"bbox\":[933.3,1435.4,947.2,1471.9],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[933.3,1629.9,947.2,1666.4],\"lines\":[{\"bbox\":[933.3,1629.9,947.2,1666.4],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[804.2,2059.2,845.8,2095.8],\"lines\":[{\"bbox\":[804.2,2059.2,845.8,2095.8],\"text\":\"182\"}],\"order\":27,\"text\":\"182\"},{\"bbox\":[1090.7,1435.4,1118.5,1666.4],\"lines\":[{\"bbox\":[1090.7,1435.4,1118.5,1471.9],\"text\":\"—\"},{\"bbox\":[1090.7,1474.3,1118.5,1510.8],\"text\":\"—\"},{\"bbox\":[1090.7,1513.2,1118.5,1549.7],\"text\":\"—\"},{\"bbox\":[1090.7,1552.1,1118.5,1588.6],\"text\":\"—\"},{\"bbox\":[1104.6,1591.0,1118.5,1627.5],\"text\":\"3\"},{\"bbox\":[1104.6,1629.9,1118.5,1666.4],\"text\":\"3\"}],\"order\":28,\"text\":\"—\\n—\\n—\\n—\\n3\\n3\"},{\"bbox\":[1147.2,1629.9,1161.1,1666.4],\"lines\":[{\"bbox\":[1147.2,1629.9,1161.1,1666.4],\"text\":\"$\"}],\"order\":29,\"text\":\"$\"},{\"bbox\":[1290.7,1435.4,1332.4,1666.4],\"lines\":[{\"bbox\":[1290.7,1435.4,1332.4,1471.9],\"text\":\"283\"},{\"bbox\":[1304.6,1474.3,1332.4,1510.8],\"text\":\"71\"},{\"bbox\":[1290.7,1513.2,1332.4,1549.7],\"text\":\"104\"},{\"bbox\":[1290.7,1552.1,1332.4,1588.6],\"text\":\"190\"},{\"bbox\":[1304.6,1591.0,1332.4,1627.5],\"text\":\"—\"},{\"bbox\":[1290.7,1629.9,1332.4,1666.4],\"text\":\"648\"}],\"order\":30,\"text\":\"283\\n71\\n104\\n190\\n—\\n648\"},{\"bbox\":[1772.2,612.9,2012.1,649.4],\"lines\":[{\"bbox\":[1772.2,612.9,2012.1,649.4],\"text\":\"Health care trend rate\"}],\"order\":31,\"text\":\"Health care trend rate\"},{\"bbox\":[2819.4,472.1,2863.9,501.7],\"lines\":[{\"bbox\":[2819.4,472.1,2863.9,501.7],\"text\":\"2017\"}],\"order\":32,\"text\":\"2017\"},{\"bbox\":[2453.2,504.9,2524.9,580.3],\"lines\":[{\"bbox\":[2453.2,504.9,2524.9,541.4],\"text\":\"3.71%\"},{\"bbox\":[2453.2,543.8,2524.9,580.3],\"text\":\"3.00%\"}],\"order\":33,\"text\":\"3.71%\\n3.00%\"},{\"bbox\":[2647.6,504.9,2719.4,580.3],\"lines\":[{\"bbox\":[2647.6,504.9,2719.4,541.4],\"text\":\"4.26%\"},{\"bbox\":[2647.6,543.8,2719.4,580.3],\"text\":\"3.00%\"}],\"order\":34,\"text\":\"4.26%\\n3.00%\"},{\"bbox\":[2474.0,612.9,2501.8,649.4],\"lines\":[{\"bbox\":[2474.0,612.9,2501.8,649.4],\"text\":\"—\"}],\"order\":35,\"text\":\"—\"},{\"bbox\":[2668.5,612.9,2696.2,649.4],\"lines\":[{\"bbox\":[2668.5,612.9,2696.2,649.4],\"text\":\"—\"}],\"order\":36,\"text\":\"—\"},{\"bbox\":[3052.8,472.1,3097.2,501.7],\"lines\":[{\"bbox\":[3052.8,472.1,3097.2,501.7],\"text\":\"2016\"}],\"order\":37,\"text\":\"2016\"},{\"bbox\":[2766.1,504.9,2952.7,649.4],\"lines\":[{\"bbox\":[2881.0,504.9,2952.7,541.4],\"text\":\"3.71%\"},{\"bbox\":[2898.1,543.8,2945.9,580.3],\"text\":\"N/A\"},{\"bbox\":[2766.1,585.2,2944.3,621.7],\"text\":\"8.2% grading to\"},{\"bbox\":[2795.4,612.9,2944.3,649.4],\"text\":\"4.5% in 2025\"}],\"order\":38,\"text\":\"3.71%\\nN/A\\n8.2% grading to\\n4.5% in 2025\"},{\"bbox\":[2999.4,504.9,3186.1,649.4],\"lines\":[{\"bbox\":[3114.3,504.9,3186.1,541.4],\"text\":\"4.29%\"},{\"bbox\":[3131.4,543.8,3179.2,580.3],\"text\":\"N/A\"},{\"bbox\":[2999.4,585.2,3177.7,621.7],\"text\":\"7.0% grading to\"},{\"bbox\":[3028.7,612.9,3177.7,649.4],\"text\":\"5.0% in 2025\"}],\"order\":39,\"text\":\"4.29%\\nN/A\\n7.0% grading to\\n5.0% in 2025\"},{\"bbox\":[2524.9,744.3,2708.6,774.0],\"lines\":[{\"bbox\":[2524.9,744.3,2708.6,774.0],\"text\":\"As of December 31,\"}],\"order\":40,\"text\":\"As of December 31,\"},{\"bbox\":[1361.1,841.0,1375.0,877.5],\"lines\":[{\"bbox\":[1361.1,841.0,1375.0,877.5],\"text\":\"$\"}],\"order\":41,\"text\":\"$\"},{\"bbox\":[1361.1,1021.6,1375.0,1058.1],\"lines\":[{\"bbox\":[1361.1,1021.6,1375.0,1058.1],\"text\":\"$\"}],\"order\":42,\"text\":\"$\"},{\"bbox\":[1485.1,841.0,1526.8,1058.1],\"lines\":[{\"bbox\":[1485.1,841.0,1526.8,877.5],\"text\":\"256\"},{\"bbox\":[1499.0,877.1,1526.8,913.6],\"text\":\"66\"},{\"bbox\":[1485.1,913.2,1526.8,949.7],\"text\":\"178\"},{\"bbox\":[1485.1,949.3,1526.8,985.8],\"text\":\"230\"},{\"bbox\":[1512.9,985.4,1526.8,1021.9],\"text\":\"5\"},{\"bbox\":[1485.1,1021.6,1526.8,1058.1],\"text\":\"735\"}],\"order\":43,\"text\":\"256\\n66\\n178\\n230\\n5\\n735\"},{\"bbox\":[1361.1,1202.1,1375.0,1238.6],\"lines\":[{\"bbox\":[1361.1,1202.1,1375.0,1238.6],\"text\":\"$\"}],\"order\":44,\"text\":\"$\"},{\"bbox\":[1464.3,1093.8,1526.8,1238.6],\"lines\":[{\"bbox\":[1499.0,1093.8,1526.8,1130.3],\"text\":\"94\"},{\"bbox\":[1485.1,1129.9,1526.8,1166.4],\"text\":\"233\"},{\"bbox\":[1499.0,1166.0,1526.8,1202.5],\"text\":\"42\"},{\"bbox\":[1464.3,1202.1,1526.8,1238.6],\"text\":\"1,104\"}],\"order\":45,\"text\":\"94\\n233\\n42\\n1,104\"},{\"bbox\":[1152.2,1324.9,1328.2,1399.0],\"lines\":[{\"bbox\":[1189.0,1324.9,1291.5,1354.5],\"text\":\"Significant\"},{\"bbox\":[1152.2,1347.1,1328.2,1376.7],\"text\":\"Observable Inputs\"},{\"bbox\":[1198.6,1369.3,1281.9,1399.0],\"text\":\"(Level 2)\"}],\"order\":46,\"text\":\"Significant\\nObservable Inputs\\n(Level 2)\"},{\"bbox\":[1147.2,1435.4,1161.1,1471.9],\"lines\":[{\"bbox\":[1147.2,1435.4,1161.1,1471.9],\"text\":\"$\"}],\"order\":47,\"text\":\"$\"},{\"bbox\":[1772.2,504.9,2112.4,580.3],\"lines\":[{\"bbox\":[1772.2,504.9,1921.1,541.4],\"text\":\"Discount rate\"},{\"bbox\":[1772.2,543.8,2112.4,580.3],\"text\":\"Rate of compensation increase\"}],\"order\":48,\"text\":\"Discount rate\\nRate of compensation increase\"},{\"bbox\":[2815.7,436.4,3100.8,466.0],\"lines\":[{\"bbox\":[2815.7,436.4,3100.8,466.0],\"text\":\"Other Postretirement Benefits\"}],\"order\":49,\"text\":\"Other Postretirement Benefits\"},{\"bbox\":[2605.6,472.1,2650.0,501.7],\"lines\":[{\"bbox\":[2605.6,472.1,2650.0,501.7],\"text\":\"2016\"}],\"order\":50,\"text\":\"2016\"},{\"bbox\":[2221.8,780.4,2378.0,810.1],\"lines\":[{\"bbox\":[2221.8,780.4,2378.0,810.1],\"text\":\"Pension Benefits\"}],\"order\":51,\"text\":\"Pension Benefits\"},{\"bbox\":[1420.1,1369.3,1469.7,1399.0],\"lines\":[{\"bbox\":[1420.1,1369.3,1469.7,1399.0],\"text\":\"Total\"}],\"order\":52,\"text\":\"Total\"},{\"bbox\":[1172.1,1403.1,1288.8,1432.7],\"lines\":[{\"bbox\":[1172.1,1403.1,1288.8,1432.7],\"text\":\"(In millions)\"}],\"order\":53,\"text\":\"(In millions)\"},{\"bbox\":[122.2,1435.4,744.9,1860.8],\"lines\":[{\"bbox\":[122.2,1435.4,694.0,1471.9],\"text\":\"Common/collective trust investment — U.S. equity\"},{\"bbox\":[122.2,1474.3,744.9,1510.8],\"text\":\"Common/collective trust investment — non-U.S. equity\"},{\"bbox\":[122.2,1513.2,714.1,1549.7],\"text\":\"Common/collective trust investment — global equity\"},{\"bbox\":[122.2,1552.1,714.0,1588.6],\"text\":\"Common/collective trust investment — fixed income\"},{\"bbox\":[122.2,1591.0,429.3,1627.5],\"text\":\"Short-term investment fund\"},{\"bbox\":[138.9,1629.9,344.1,1666.4],\"text\":\"Subtotal fair value\"},{\"bbox\":[122.2,1668.8,645.2,1705.3],\"text\":\"Measured at net asset value practical expedient\"},{\"bbox\":[122.2,1707.7,744.9,1744.2],\"text\":\"Common/collective trust investment — non-U.S. equity\"},{\"bbox\":[122.2,1746.6,714.0,1783.1],\"text\":\"Common/collective trust investment — fixed income\"},{\"bbox\":[122.2,1785.4,419.3,1821.9],\"text\":\"Partnerships/joint ventures\"},{\"bbox\":[138.9,1824.3,308.2,1860.8],\"text\":\"Total fair value\"}],\"order\":54,\"text\":\"Common/collective trust investment — U.S. equity\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — global equity\\nCommon/collective trust investment — fixed income\\nShort-term investment fund\\nSubtotal fair value\\nMeasured at net asset value practical expedient\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — fixed income\\nPartnerships/joint ventures\\nTotal fair value\"},{\"bbox\":[2411.1,472.1,2455.6,501.7],\"lines\":[{\"bbox\":[2411.1,472.1,2455.6,501.7],\"text\":\"2017\"}],\"order\":55,\"text\":\"2017\"},{\"bbox\":[1420.1,774.9,1469.7,804.5],\"lines\":[{\"bbox\":[1420.1,774.9,1469.7,804.5],\"text\":\"Total\"}],\"order\":56,\"text\":\"Total\"},{\"bbox\":[991.7,1269.3,1469.6,1299.0],\"lines\":[{\"bbox\":[991.7,1269.3,1469.6,1299.0],\"text\":\"Fair Value Measurements as of December 31, 2016\"}],\"order\":57,\"text\":\"Fair Value Measurements as of December 31, 2016\"},{\"bbox\":[936.4,1303.1,1116.6,1399.4],\"lines\":[{\"bbox\":[947.4,1303.1,1105.4,1332.7],\"text\":\"Quoted Prices in\"},{\"bbox\":[936.4,1325.3,1116.6,1354.9],\"text\":\"Active Markets for\"},{\"bbox\":[952.5,1347.5,1100.0,1377.2],\"text\":\"Identical Assets\"},{\"bbox\":[984.7,1369.8,1068.0,1399.4],\"text\":\"(Level 1)\"}],\"order\":58,\"text\":\"Quoted Prices in\\nActive Markets for\\nIdentical Assets\\n(Level 1)\"},{\"bbox\":[1772.2,472.1,2073.6,501.7],\"lines\":[{\"bbox\":[1772.2,472.1,2073.6,501.7],\"text\":\"Weighted-Average Assumptions\"}],\"order\":59,\"text\":\"Weighted-Average Assumptions\"},{\"bbox\":[1830.6,682.9,2918.6,719.4],\"lines\":[{\"bbox\":[1830.6,682.9,2918.6,719.4],\"text\":\"The following table presents the significant assumptions used to calculate NRG's benefit expense:\"}],\"order\":60,\"text\":\"The following table presents the significant assumptions used to calculate NRG's benefit expense:\"},{\"bbox\":[1172.1,808.6,1288.8,838.3],\"lines\":[{\"bbox\":[1172.1,808.6,1288.8,838.3],\"text\":\"(In millions)\"}],\"order\":61,\"text\":\"(In millions)\"},{\"bbox\":[122.2,841.0,744.9,1238.6],\"lines\":[{\"bbox\":[122.2,841.0,694.0,877.5],\"text\":\"Common/collective trust investment — U.S. equity\"},{\"bbox\":[122.2,877.1,744.9,913.6],\"text\":\"Common/collective trust investment — non-U.S. equity\"},{\"bbox\":[122.2,913.2,738.7,949.7],\"text\":\"Common/collective trust investment — non-core assets\"},{\"bbox\":[122.2,949.3,714.0,985.8],\"text\":\"Common/collective trust investment — fixed income\"},{\"bbox\":[122.2,985.4,429.3,1021.9],\"text\":\"Short-term investment fund\"},{\"bbox\":[138.9,1021.6,344.1,1058.1],\"text\":\"Subtotal fair value\"},{\"bbox\":[122.2,1057.7,645.2,1094.2],\"text\":\"Measured at net asset value practical expedient\"},{\"bbox\":[122.2,1093.8,744.9,1130.3],\"text\":\"Common/collective trust investment — non-U.S. equity\"},{\"bbox\":[122.2,1129.9,714.0,1166.4],\"text\":\"Common/collective trust investment — fixed income\"},{\"bbox\":[122.2,1166.0,419.3,1202.5],\"text\":\"Partnerships/joint ventures\"},{\"bbox\":[138.9,1202.1,308.2,1238.6],\"text\":\"Total fair value\"}],\"order\":62,\"text\":\"Common/collective trust investment — U.S. equity\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — non-core assets\\nCommon/collective trust investment — fixed income\\nShort-term investment fund\\nSubtotal fair value\\nMeasured at net asset value practical expedient\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — fixed income\\nPartnerships/joint ventures\\nTotal fair value\"},{\"bbox\":[2452.4,436.4,2608.5,466.0],\"lines\":[{\"bbox\":[2452.4,436.4,2608.5,466.0],\"text\":\"Pension Benefits\"}],\"order\":63,\"text\":\"Pension Benefits\"},{\"bbox\":[1361.1,1435.4,1375.0,1471.9],\"lines\":[{\"bbox\":[1361.1,1435.4,1375.0,1471.9],\"text\":\"$\"}],\"order\":64,\"text\":\"$\"},{\"bbox\":[1361.1,1629.9,1375.0,1666.4],\"lines\":[{\"bbox\":[1361.1,1629.9,1375.0,1666.4],\"text\":\"$\"}],\"order\":65,\"text\":\"$\"},{\"bbox\":[1485.1,1435.4,1526.8,1666.4],\"lines\":[{\"bbox\":[1485.1,1435.4,1526.8,1471.9],\"text\":\"283\"},{\"bbox\":[1499.0,1474.3,1526.8,1510.8],\"text\":\"71\"},{\"bbox\":[1485.1,1513.2,1526.8,1549.7],\"text\":\"104\"},{\"bbox\":[1485.1,1552.1,1526.8,1588.6],\"text\":\"190\"},{\"bbox\":[1512.9,1591.0,1526.8,1627.5],\"text\":\"3\"},{\"bbox\":[1485.1,1629.9,1526.8,1666.4],\"text\":\"651\"}],\"order\":66,\"text\":\"283\\n71\\n104\\n190\\n3\\n651\"},{\"bbox\":[1361.1,1824.3,1375.0,1860.8],\"lines\":[{\"bbox\":[1361.1,1824.3,1375.0,1860.8],\"text\":\"$\"}],\"order\":67,\"text\":\"$\"},{\"bbox\":[1485.1,1707.7,1526.8,1860.8],\"lines\":[{\"bbox\":[1499.0,1707.7,1526.8,1744.2],\"text\":\"78\"},{\"bbox\":[1485.1,1746.6,1526.8,1783.1],\"text\":\"193\"},{\"bbox\":[1499.0,1785.4,1526.8,1821.9],\"text\":\"31\"},{\"bbox\":[1485.1,1824.3,1526.8,1860.8],\"text\":\"953\"}],\"order\":68,\"text\":\"78\\n193\\n31\\n953\"},{\"bbox\":[1772.2,816.6,1947.1,868.4],\"lines\":[{\"bbox\":[1772.2,816.6,1947.1,846.2],\"text\":\"Weighted-Average\"},{\"bbox\":[1772.2,838.8,1894.5,868.4],\"text\":\"Assumptions\"}],\"order\":69,\"text\":\"Weighted-Average\\nAssumptions\"},{\"bbox\":[2105.6,838.8,2150.0,868.4],\"lines\":[{\"bbox\":[2105.6,838.8,2150.0,868.4],\"text\":\"2017\"}],\"order\":70,\"text\":\"2017\"},{\"bbox\":[2277.8,838.8,2322.2,868.4],\"lines\":[{\"bbox\":[2277.8,838.8,2322.2,868.4],\"text\":\"2016\"}],\"order\":71,\"text\":\"2016\"},{\"bbox\":[2732.4,780.4,3017.5,810.1],\"lines\":[{\"bbox\":[2732.4,780.4,3017.5,810.1],\"text\":\"Other Postretirement Benefits\"}],\"order\":72,\"text\":\"Other Postretirement Benefits\"},{\"bbox\":[2450.0,838.8,2494.4,868.4],\"lines\":[{\"bbox\":[2450.0,838.8,2494.4,868.4],\"text\":\"2015\"}],\"order\":73,\"text\":\"2015\"},{\"bbox\":[2641.7,838.8,2686.1,868.4],\"lines\":[{\"bbox\":[2641.7,838.8,2686.1,868.4],\"text\":\"2017\"}],\"order\":74,\"text\":\"2017\"},{\"bbox\":[2852.8,838.8,2897.2,868.4],\"lines\":[{\"bbox\":[2852.8,838.8,2897.2,868.4],\"text\":\"2016\"}],\"order\":75,\"text\":\"2016\"},{\"bbox\":[3063.9,838.8,3108.3,868.4],\"lines\":[{\"bbox\":[3063.9,838.8,3108.3,868.4],\"text\":\"2015\"}],\"order\":76,\"text\":\"2015\"},{\"bbox\":[1772.2,874.1,2038.4,1049.4],\"lines\":[{\"bbox\":[1772.2,874.1,1921.1,910.6],\"text\":\"Discount rate\"},{\"bbox\":[1772.2,915.7,2038.4,952.2],\"text\":\"Expected return on plan\"},{\"bbox\":[1797.2,943.5,1862.0,980.0],\"text\":\"assets\"},{\"bbox\":[1772.2,985.2,2014.5,1021.7],\"text\":\"Rate of compensation\"},{\"bbox\":[1797.2,1012.9,1888.2,1049.4],\"text\":\"increase\"}],\"order\":77,\"text\":\"Discount rate\\nExpected return on plan\\nassets\\nRate of compensation\\nincrease\"},{\"bbox\":[2136.5,874.1,2208.3,910.6],\"lines\":[{\"bbox\":[2136.5,874.1,2208.3,910.6],\"text\":\"4.26%\"}],\"order\":78,\"text\":\"4.26%\"},{\"bbox\":[2308.8,874.1,2380.5,910.6],\"lines\":[{\"bbox\":[2308.8,874.1,2380.5,910.6],\"text\":\"4.52%\"}],\"order\":79,\"text\":\"4.52%\"},{\"bbox\":[2481.0,874.1,2552.7,910.6],\"lines\":[{\"bbox\":[2481.0,874.1,2552.7,910.6],\"text\":\"4.16%\"}],\"order\":80,\"text\":\"4.16%\"},{\"bbox\":[2692.1,874.1,2763.8,910.6],\"lines\":[{\"bbox\":[2692.1,874.1,2763.8,910.6],\"text\":\"4.29%\"}],\"order\":81,\"text\":\"4.29%\"},{\"bbox\":[2903.2,874.1,2974.9,910.6],\"lines\":[{\"bbox\":[2903.2,874.1,2974.9,910.6],\"text\":\"4.55%\"}],\"order\":82,\"text\":\"4.55%\"},{\"bbox\":[3114.3,874.1,3186.1,910.6],\"lines\":[{\"bbox\":[3114.3,874.1,3186.1,910.6],\"text\":\"4.20%\"}],\"order\":83,\"text\":\"4.20%\"},{\"bbox\":[2136.5,943.5,2208.3,980.0],\"lines\":[{\"bbox\":[2136.5,943.5,2208.3,980.0],\"text\":\"6.85%\"}],\"order\":84,\"text\":\"6.85%\"},{\"bbox\":[2308.8,943.5,2380.5,980.0],\"lines\":[{\"bbox\":[2308.8,943.5,2380.5,980.0],\"text\":\"6.65%\"}],\"order\":85,\"text\":\"6.65%\"},{\"bbox\":[2481.0,943.5,2552.7,980.0],\"lines\":[{\"bbox\":[2481.0,943.5,2552.7,980.0],\"text\":\"6.36%\"}],\"order\":86,\"text\":\"6.36%\"},{\"bbox\":[2712.9,943.5,2740.7,980.0],\"lines\":[{\"bbox\":[2712.9,943.5,2740.7,980.0],\"text\":\"—\"}],\"order\":87,\"text\":\"—\"},{\"bbox\":[2924.0,943.5,2951.8,980.0],\"lines\":[{\"bbox\":[2924.0,943.5,2951.8,980.0],\"text\":\"—\"}],\"order\":88,\"text\":\"—\"},{\"bbox\":[3135.1,943.5,3162.9,980.0],\"lines\":[{\"bbox\":[3135.1,943.5,3162.9,980.0],\"text\":\"—\"}],\"order\":89,\"text\":\"—\"},{\"bbox\":[2136.5,1012.9,2208.3,1049.4],\"lines\":[{\"bbox\":[2136.5,1012.9,2208.3,1049.4],\"text\":\"3.00%\"}],\"order\":90,\"text\":\"3.00%\"},{\"bbox\":[2308.8,1012.9,2380.5,1049.4],\"lines\":[{\"bbox\":[2308.8,1012.9,2380.5,1049.4],\"text\":\"3.00%\"}],\"order\":91,\"text\":\"3.00%\"},{\"bbox\":[2481.0,1012.9,2552.7,1049.4],\"lines\":[{\"bbox\":[2481.0,1012.9,2552.7,1049.4],\"text\":\"3.45%\"}],\"order\":92,\"text\":\"3.45%\"},{\"bbox\":[1772.2,1082.4,2012.1,1118.9],\"lines\":[{\"bbox\":[1772.2,1082.4,2012.1,1118.9],\"text\":\"Health care trend rate\"}],\"order\":93,\"text\":\"Health care trend rate\"},{\"bbox\":[2157.4,1082.4,2185.1,1118.9],\"lines\":[{\"bbox\":[2157.4,1082.4,2185.1,1118.9],\"text\":\"—\"}],\"order\":94,\"text\":\"—\"},{\"bbox\":[2329.6,1082.4,2357.4,1118.9],\"lines\":[{\"bbox\":[2329.6,1082.4,2357.4,1118.9],\"text\":\"—\"}],\"order\":95,\"text\":\"—\"},{\"bbox\":[2501.8,1082.4,2529.6,1118.9],\"lines\":[{\"bbox\":[2501.8,1082.4,2529.6,1118.9],\"text\":\"—\"}],\"order\":96,\"text\":\"—\"},{\"bbox\":[2577.2,1012.9,2755.4,1118.9],\"lines\":[{\"bbox\":[2712.9,1012.9,2740.7,1049.4],\"text\":\"—\"},{\"bbox\":[2577.2,1054.6,2755.4,1091.1],\"text\":\"7.0% grading to\"},{\"bbox\":[2606.5,1082.4,2755.4,1118.9],\"text\":\"5.0% in 2025\"}],\"order\":97,\"text\":\"—\\n7.0% grading to\\n5.0% in 2025\"},{\"bbox\":[2789.2,1012.9,2966.6,1118.9],\"lines\":[{\"bbox\":[2924.0,1012.9,2951.8,1049.4],\"text\":\"—\"},{\"bbox\":[2803.1,1054.6,2966.6,1091.1],\"text\":\"7.25% grading\"},{\"bbox\":[2789.2,1082.4,2966.6,1118.9],\"text\":\"to 5.0% in 2025\"}],\"order\":98,\"text\":\"—\\n7.25% grading\\nto 5.0% in 2025\"},{\"bbox\":[2999.4,1012.9,3177.7,1118.9],\"lines\":[{\"bbox\":[3135.1,1012.9,3162.9,1049.4],\"text\":\"—\"},{\"bbox\":[2999.4,1054.6,3177.7,1091.1],\"text\":\"8.6% grading to\"},{\"bbox\":[3028.7,1082.4,3177.7,1118.9],\"text\":\"5.0% in 2023\"}],\"order\":99,\"text\":\"—\\n8.6% grading to\\n5.0% in 2023\"},{\"bbox\":[1763.9,1152.3,3186.2,1422.1],\"lines\":[{\"bbox\":[1830.6,1152.3,3186.2,1188.8],\"text\":\"NRG uses December 31 of each respective year as the measurement date for the Company's pension and other postretirement\"},{\"bbox\":[1763.9,1185.6,3186.1,1222.1],\"text\":\"benefit plans. The Company sets the discount rate assumptions on an annual basis for each of NRG's defined benefit retirement\"},{\"bbox\":[1763.9,1219.0,3186.1,1255.5],\"text\":\"plans as of December 31. The discount rate assumptions represent the current rate at which the associated liabilities could be\"},{\"bbox\":[1763.9,1252.3,3186.1,1288.8],\"text\":\"effectively settled at December 31. The Company utilizes the Aon Hewitt AA Above Median, or AA-AM, yield curve to select\"},{\"bbox\":[1763.9,1285.6,3186.1,1322.1],\"text\":\"the appropriate discount rate assumption for each retirement plan. The AA-AM yield curve is a hypothetical AA yield curve\"},{\"bbox\":[1763.9,1319.0,3186.2,1355.5],\"text\":\"represented by a series of annualized individual spot discount rates from 6 months to 99 years. Each bond issue used to build this\"},{\"bbox\":[1763.9,1352.3,3186.1,1388.8],\"text\":\"yield curve must be non-callable, and have an average rating of AA when averaging available Moody's Investor Services, Standard\"},{\"bbox\":[1763.9,1385.6,2061.3,1422.1],\"text\":\"& Poor's and Fitch ratings.\"}],\"order\":100,\"text\":\"NRG uses December 31 of each respective year as the measurement date for the Company's pension and other postretirement\\nbenefit plans. The Company sets the discount rate assumptions on an annual basis for each of NRG's defined benefit retirement\\nplans as of December 31. The discount rate assumptions represent the current rate at which the associated liabilities could be\\neffectively settled at December 31. The Company utilizes the Aon Hewitt AA Above Median, or AA-AM, yield curve to select\\nthe appropriate discount rate assumption for each retirement plan. The AA-AM yield curve is a hypothetical AA yield curve\\nrepresented by a series of annualized individual spot discount rates from 6 months to 99 years. Each bond issue used to build this\\nyield curve must be non-callable, and have an average rating of AA when averaging available Moody's Investor Services, Standard\\n& Poor's and Fitch ratings.\"},{\"bbox\":[1763.9,1444.0,3186.2,1780.5],\"lines\":[{\"bbox\":[1830.6,1444.0,3186.1,1480.5],\"text\":\"NRG employs a total return investment approach, whereby a mix of equities and fixed income investments are used to\"},{\"bbox\":[1763.9,1477.3,3186.2,1513.8],\"text\":\"maximize the long-term return of plan assets for a prudent level of risk. Risk tolerance is established through careful consideration\"},{\"bbox\":[1763.9,1510.6,3186.1,1547.1],\"text\":\"of plan liabilities, plan funded status, and corporate financial condition. The Investment Committee reviews the asset mix\"},{\"bbox\":[1763.9,1544.0,3186.1,1580.5],\"text\":\"periodically and as the plan assets increase in future years, the Investment Committee may examine other asset classes such as\"},{\"bbox\":[1763.9,1577.3,3186.2,1613.8],\"text\":\"real estate or private equity. NRG employs a building block approach to determining the long-term rate of return assumption for\"},{\"bbox\":[1763.9,1610.6,3186.1,1647.1],\"text\":\"plan assets, with proper consideration given to diversification and rebalancing. Historical markets are studied and long-term\"},{\"bbox\":[1763.9,1644.0,3186.2,1680.5],\"text\":\"historical relationships between equities and fixed income are preserved, consistent with the widely accepted capital market\"},{\"bbox\":[1763.9,1677.3,3186.2,1713.8],\"text\":\"principle that assets with higher volatility generate a greater return over the long run. Current factors such as inflation and interest\"},{\"bbox\":[1763.9,1710.6,3186.1,1747.1],\"text\":\"rates are evaluated before long-term capital market assumptions are determined. Peer data and historical returns are reviewed to\"},{\"bbox\":[1763.9,1744.0,2276.8,1780.5],\"text\":\"check for reasonableness and appropriateness.\"}],\"order\":101,\"text\":\"NRG employs a total return investment approach, whereby a mix of equities and fixed income investments are used to\\nmaximize the long-term return of plan assets for a prudent level of risk. Risk tolerance is established through careful consideration\\nof plan liabilities, plan funded status, and corporate financial condition. The Investment Committee reviews the asset mix\\nperiodically and as the plan assets increase in future years, the Investment Committee may examine other asset classes such as\\nreal estate or private equity. NRG employs a building block approach to determining the long-term rate of return assumption for\\nplan assets, with proper consideration given to diversification and rebalancing. Historical markets are studied and long-term\\nhistorical relationships between equities and fixed income are preserved, consistent with the widely accepted capital market\\nprinciple that assets with higher volatility generate a greater return over the long run. Current factors such as inflation and interest\\nrates are evaluated before long-term capital market assumptions are determined. Peer data and historical returns are reviewed to\\ncheck for reasonableness and appropriateness.\"},{\"bbox\":[1763.9,1802.3,3186.2,2038.8],\"lines\":[{\"bbox\":[1826.4,1802.3,3186.2,1838.8],\"text\":\"In 2016, NRG changed the approach utilized to estimate the service cost and interest cost components of net periodic benefit\"},{\"bbox\":[1763.9,1835.6,3186.1,1872.1],\"text\":\"cost for pension and postretirement benefit plans. Historically, the Company estimated these components by using a single weighted\"},{\"bbox\":[1763.9,1869.0,3186.1,1905.5],\"text\":\"average discount rate derived from the yield curve used to measure the benefit obligation. The Company has elected to use a spot\"},{\"bbox\":[1763.9,1902.3,3186.1,1938.8],\"text\":\"rate approach in the estimation of the components of benefit cost by applying specific spot rates along the yield curve to the\"},{\"bbox\":[1763.9,1935.6,3186.2,1972.1],\"text\":\"relevant projected cash flows, as this provides a better estimate of service and interest costs. This election is considered a change\"},{\"bbox\":[1763.9,1969.0,3186.2,2005.5],\"text\":\"in estimate and, accordingly, has been accounted for starting in 2016. This change does not affect the measurement of NRG's total\"},{\"bbox\":[1763.9,2002.3,1967.6,2038.8],\"text\":\"benefit obligation.\"}],\"order\":102,\"text\":\"In 2016, NRG changed the approach utilized to estimate the service cost and interest cost components of net periodic benefit\\ncost for pension and postretirement benefit plans. Historically, the Company estimated these components by using a single weighted\\naverage discount rate derived from the yield curve used to measure the benefit obligation. The Company has elected to use a spot\\nrate approach in the estimation of the components of benefit cost by applying specific spot rates along the yield curve to the\\nrelevant projected cash flows, as this provides a better estimate of service and interest costs. This election is considered a change\\nin estimate and, accordingly, has been accounted for starting in 2016. This change does not affect the measurement of NRG's total\\nbenefit obligation.\"},{\"bbox\":[2454.2,2059.2,2495.8,2095.8],\"lines\":[{\"bbox\":[2454.2,2059.2,2495.8,2095.8],\"text\":\"183\"}],\"order\":103,\"text\":\"183\"}],\"doc\":\"fintabnet:NRG_2017\",\"dpi\":200,\"image_px\":[3300,2150],\"layout\":[],\"markdown\":\"The Company's estimated unrecognized loss and unrecognized prior service cost for NRG's pension plan that will be\\namortized from accumulated OCI to net periodic cost over the next fiscal year is less than $1 million. The Company's estimated\\nunrecognized gain and unrecognized prior service credit for NRG's postretirement plan that will be amortized from accumulated\\nOCI to net periodic cost over the next fiscal year is less than $1 million and $7 million, respectively.\\n\\nThe following table presents the balances of significant components of NRG's pension plan:\\n\\nAs of December 31,\\n\\nPension Benefits\\n\\n2017\\n\\nIn accordance with ASC 820, the Company determines the level in the fair value hierarchy within which each fair value\\nmeasurement in its entirety falls, based on the lowest level input that is significant to the fair value measurement in its entirety.\\nThe fair value of the common/collective trust investments is valued at fair value which is equal to the sum of the market value of\\nall of the fund's underlying investments. Certain common/collective trust investments have readily determinable fair value as\\nthey publish daily net asset value, or NAV, per share and are categorized as Level 2. Certain other common/collective trust\\ninvestments and partnerships/joint ventures use NAV per share, or its equivalent, as a practical expedient for valuation, and thus\\nhave been removed from the fair value hierarchy table.\\n\\nThe following table presents the significant assumptions used to calculate NRG's benefit obligations:\\n\\n2016\\n\\nAs of December 31,\\n\\n(In millions)\\n\\nProjected benefit obligation\\nAccumulated benefit obligation\\nFair value of plan assets\\n\\n$\\n\\n1,329\\n1,255\\n1,104\\n\\n$\\n\\n1,241\\n1,174\\n953\\n\\nNRG's market-related value of its plan assets is the fair value of the assets. The fair values of the Company's pension plan\\nassets by asset category and their level within the fair value hierarchy are as follows:\\n\\nFair Value Measurements as of December 31, 2017\\n\\nQuoted Prices in\\nActive Markets for\\nIdentical Assets\\n(Level 1)\\n\\nSignificant\\nObservable Inputs\\n(Level 2)\\n\\n$\\n\\n$\\n\\n—\\n—\\n—\\n—\\n5\\n5\\n\\n$\\n\\n256\\n66\\n178\\n230\\n—\\n730\\n\\n$\\n\\n$\\n\\n$\\n\\n182\\n\\n—\\n—\\n—\\n—\\n3\\n3\\n\\n$\\n\\n283\\n71\\n104\\n190\\n—\\n648\\n\\nHealth care trend rate\\n\\n2017\\n\\n3.71%\\n3.00%\\n\\n4.26%\\n3.00%\\n\\n—\\n\\n—\\n\\n2016\\n\\n3.71%\\nN/A\\n8.2% grading to\\n4.5% in 2025\\n\\n4.29%\\nN/A\\n7.0% grading to\\n5.0% in 2025\\n\\nAs of December 31,\\n\\n$\\n\\n$\\n\\n256\\n66\\n178\\n230\\n5\\n735\\n\\n$\\n\\n94\\n233\\n42\\n1,104\\n\\nSignificant\\nObservable Inputs\\n(Level 2)\\n\\n$\\n\\nDiscount rate\\nRate of compensation increase\\n\\nOther Postretirement Benefits\\n\\n2016\\n\\nPension Benefits\\n\\nTotal\\n\\n(In millions)\\n\\nCommon/collective trust investment — U.S. equity\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — global equity\\nCommon/collective trust investment — fixed income\\nShort-term investment fund\\nSubtotal fair value\\nMeasured at net asset value practical expedient\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — fixed income\\nPartnerships/joint ventures\\nTotal fair value\\n\\n2017\\n\\nTotal\\n\\nFair Value Measurements as of December 31, 2016\\n\\nQuoted Prices in\\nActive Markets for\\nIdentical Assets\\n(Level 1)\\n\\nWeighted-Average Assumptions\\n\\nThe following table presents the significant assumptions used to calculate NRG's benefit expense:\\n\\n(In millions)\\n\\nCommon/collective trust investment — U.S. equity\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — non-core assets\\nCommon/collective trust investment — fixed income\\nShort-term investment fund\\nSubtotal fair value\\nMeasured at net asset value practical expedient\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — fixed income\\nPartnerships/joint ventures\\nTotal fair value\\n\\nPension Benefits\\n\\n$\\n\\n$\\n\\n283\\n71\\n104\\n190\\n3\\n651\\n\\n$\\n\\n78\\n193\\n31\\n953\\n\\nWeighted-Average\\nAssumptions\\n\\n2017\\n\\n2016\\n\\nOther Postretirement Benefits\\n\\n2015\\n\\n2017\\n\\n2016\\n\\n2015\\n\\nDiscount rate\\nExpected return on plan\\nassets\\nRate of compensation\\nincrease\\n\\n4.26%\\n\\n4.52%\\n\\n4.16%\\n\\n4.29%\\n\\n4.55%\\n\\n4.20%\\n\\n6.85%\\n\\n6.65%\\n\\n6.36%\\n\\n—\\n\\n—\\n\\n—\\n\\n3.00%\\n\\n3.00%\\n\\n3.45%\\n\\nHealth care trend rate\\n\\n—\\n\\n—\\n\\n—\\n\\n—\\n7.0% grading to\\n5.0% in 2025\\n\\n—\\n7.25% grading\\nto 5.0% in 2025\\n\\n—\\n8.6% grading to\\n5.0% in 2023\\n\\nNRG uses December 31 of each respective year as the measurement date for the Company's pension and other postretirement\\nbenefit plans. The Company sets the discount rate assumptions on an annual basis for each of NRG's defined benefit retirement\\nplans as of December 31. The discount rate assumptions represent the current rate at which the associated liabilities could be\\neffectively settled at December 31. The Company utilizes the Aon Hewitt AA Above Median, or AA-AM, yield curve to select\\nthe appropriate discount rate assumption for each retirement plan. The AA-AM yield curve is a hypothetical AA yield curve\\nrepresented by a series of annualized individual spot discount rates from 6 months to 99 years. Each bond issue used to build this\\nyield curve must be non-callable, and have an average rating of AA when averaging available Moody's Investor Services, Standard\\n& Poor's and Fitch ratings.\\n\\nNRG employs a total return investment approach, whereby a mix of equities and fixed income investments are used to\\nmaximize the long-term return of plan assets for a prudent level of risk. Risk tolerance is established through careful consideration\\nof plan liabilities, plan funded status, and corporate financial condition. The Investment Committee reviews the asset mix\\nperiodically and as the plan assets increase in future years, the Investment Committee may examine other asset classes such as\\nreal estate or private equity. NRG employs a building block approach to determining the long-term rate of return assumption for\\nplan assets, with proper consideration given to diversification and rebalancing. Historical markets are studied and long-term\\nhistorical relationships between equities and fixed income are preserved, consistent with the widely accepted capital market\\nprinciple that assets with higher volatility generate a greater return over the long run. Current factors such as inflation and interest\\nrates are evaluated before long-term capital market assumptions are determined. Peer data and historical returns are reviewed to\\ncheck for reasonableness and appropriateness.\\n\\nIn 2016, NRG changed the approach utilized to estimate the service cost and interest cost components of net periodic benefit\\ncost for pension and postretirement benefit plans. Historically, the Company estimated these components by using a single weighted\\naverage discount rate derived from the yield curve used to measure the benefit obligation. The Company has elected to use a spot\\nrate approach in the estimation of the components of benefit cost by applying specific spot rates along the yield curve to the\\nrelevant projected cash flows, as this provides a better estimate of service and interest costs. This election is considered a change\\nin estimate and, accordingly, has been accounted for starting in 2016. This change does not affect the measurement of NRG's total\\nbenefit obligation.\\n\\n183\",\"name\":\"fintabnet.NRG_2017_page_93__200dpi_none\",\"page_id\":\"fintabnet.NRG_2017_page_93\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"NRG_2017_page_93\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[1772.2,402.7,3186.1,649.4],\"block_orders\":[8,31,32,33,34,35,36,37,38,39,48,49,50,55,59,63],\"cells\":null}],\"text\":\"The Company's estimated unrecognized loss and unrecognized prior service cost for NRG's pension plan that will be\\namortized from accumulated OCI to net periodic cost over the next fiscal year is less than $1 million. The Company's estimated\\nunrecognized gain and unrecognized prior service credit for NRG's postretirement plan that will be amortized from accumulated\\nOCI to net periodic cost over the next fiscal year is less than $1 million and $7 million, respectively.\\n\\nThe following table presents the balances of significant components of NRG's pension plan:\\n\\nAs of December 31,\\n\\nPension Benefits\\n\\n2017\\n\\nIn accordance with ASC 820, the Company determines the level in the fair value hierarchy within which each fair value\\nmeasurement in its entirety falls, based on the lowest level input that is significant to the fair value measurement in its entirety.\\nThe fair value of the common/collective trust investments is valued at fair value which is equal to the sum of the market value of\\nall of the fund's underlying investments. Certain common/collective trust investments have readily determinable fair value as\\nthey publish daily net asset value, or NAV, per share and are categorized as Level 2. Certain other common/collective trust\\ninvestments and partnerships/joint ventures use NAV per share, or its equivalent, as a practical expedient for valuation, and thus\\nhave been removed from the fair value hierarchy table.\\n\\nThe following table presents the significant assumptions used to calculate NRG's benefit obligations:\\n\\n2016\\n\\nAs of December 31,\\n\\n(In millions)\\n\\nProjected benefit obligation\\nAccumulated benefit obligation\\nFair value of plan assets\\n\\n$\\n\\n1,329\\n1,255\\n1,104\\n\\n$\\n\\n1,241\\n1,174\\n953\\n\\nNRG's market-related value of its plan assets is the fair value of the assets. The fair values of the Company's pension plan\\nassets by asset category and their level within the fair value hierarchy are as follows:\\n\\nFair Value Measurements as of December 31, 2017\\n\\nQuoted Prices in\\nActive Markets for\\nIdentical Assets\\n(Level 1)\\n\\nSignificant\\nObservable Inputs\\n(Level 2)\\n\\n$\\n\\n$\\n\\n—\\n—\\n—\\n—\\n5\\n5\\n\\n$\\n\\n256\\n66\\n178\\n230\\n—\\n730\\n\\n$\\n\\n$\\n\\n$\\n\\n182\\n\\n—\\n—\\n—\\n—\\n3\\n3\\n\\n$\\n\\n283\\n71\\n104\\n190\\n—\\n648\\n\\nHealth care trend rate\\n\\n2017\\n\\n3.71%\\n3.00%\\n\\n4.26%\\n3.00%\\n\\n—\\n\\n—\\n\\n2016\\n\\n3.71%\\nN/A\\n8.2% grading to\\n4.5% in 2025\\n\\n4.29%\\nN/A\\n7.0% grading to\\n5.0% in 2025\\n\\nAs of December 31,\\n\\n$\\n\\n$\\n\\n256\\n66\\n178\\n230\\n5\\n735\\n\\n$\\n\\n94\\n233\\n42\\n1,104\\n\\nSignificant\\nObservable Inputs\\n(Level 2)\\n\\n$\\n\\nDiscount rate\\nRate of compensation increase\\n\\nOther Postretirement Benefits\\n\\n2016\\n\\nPension Benefits\\n\\nTotal\\n\\n(In millions)\\n\\nCommon/collective trust investment — U.S. equity\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — global equity\\nCommon/collective trust investment — fixed income\\nShort-term investment fund\\nSubtotal fair value\\nMeasured at net asset value practical expedient\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — fixed income\\nPartnerships/joint ventures\\nTotal fair value\\n\\n2017\\n\\nTotal\\n\\nFair Value Measurements as of December 31, 2016\\n\\nQuoted Prices in\\nActive Markets for\\nIdentical Assets\\n(Level 1)\\n\\nWeighted-Average Assumptions\\n\\nThe following table presents the significant assumptions used to calculate NRG's benefit expense:\\n\\n(In millions)\\n\\nCommon/collective trust investment — U.S. equity\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — non-core assets\\nCommon/collective trust investment — fixed income\\nShort-term investment fund\\nSubtotal fair value\\nMeasured at net asset value practical expedient\\nCommon/collective trust investment — non-U.S. equity\\nCommon/collective trust investment — fixed income\\nPartnerships/joint ventures\\nTotal fair value\\n\\nPension Benefits\\n\\n$\\n\\n$\\n\\n283\\n71\\n104\\n190\\n3\\n651\\n\\n$\\n\\n78\\n193\\n31\\n953\\n\\nWeighted-Average\\nAssumptions\\n\\n2017\\n\\n2016\\n\\nOther Postretirement Benefits\\n\\n2015\\n\\n2017\\n\\n2016\\n\\n2015\\n\\nDiscount rate\\nExpected return on plan\\nassets\\nRate of compensation\\nincrease\\n\\n4.26%\\n\\n4.52%\\n\\n4.16%\\n\\n4.29%\\n\\n4.55%\\n\\n4.20%\\n\\n6.85%\\n\\n6.65%\\n\\n6.36%\\n\\n—\\n\\n—\\n\\n—\\n\\n3.00%\\n\\n3.00%\\n\\n3.45%\\n\\nHealth care trend rate\\n\\n—\\n\\n—\\n\\n—\\n\\n—\\n7.0% grading to\\n5.0% in 2025\\n\\n—\\n7.25% grading\\nto 5.0% in 2025\\n\\n—\\n8.6% grading to\\n5.0% in 2023\\n\\nNRG uses December 31 of each respective year as the measurement date for the Company's pension and other postretirement\\nbenefit plans. The Company sets the discount rate assumptions on an annual basis for each of NRG's defined benefit retirement\\nplans as of December 31. The discount rate assumptions represent the current rate at which the associated liabilities could be\\neffectively settled at December 31. The Company utilizes the Aon Hewitt AA Above Median, or AA-AM, yield curve to select\\nthe appropriate discount rate assumption for each retirement plan. The AA-AM yield curve is a hypothetical AA yield curve\\nrepresented by a series of annualized individual spot discount rates from 6 months to 99 years. Each bond issue used to build this\\nyield curve must be non-callable, and have an average rating of AA when averaging available Moody's Investor Services, Standard\\n& Poor's and Fitch ratings.\\n\\nNRG employs a total return investment approach, whereby a mix of equities and fixed income investments are used to\\nmaximize the long-term return of plan assets for a prudent level of risk. Risk tolerance is established through careful consideration\\nof plan liabilities, plan funded status, and corporate financial condition. The Investment Committee reviews the asset mix\\nperiodically and as the plan assets increase in future years, the Investment Committee may examine other asset classes such as\\nreal estate or private equity. NRG employs a building block approach to determining the long-term rate of return assumption for\\nplan assets, with proper consideration given to diversification and rebalancing. Historical markets are studied and long-term\\nhistorical relationships between equities and fixed income are preserved, consistent with the widely accepted capital market\\nprinciple that assets with higher volatility generate a greater return over the long run. Current factors such as inflation and interest\\nrates are evaluated before long-term capital market assumptions are determined. Peer data and historical returns are reviewed to\\ncheck for reasonableness and appropriateness.\\n\\nIn 2016, NRG changed the approach utilized to estimate the service cost and interest cost components of net periodic benefit\\ncost for pension and postretirement benefit plans. Historically, the Company estimated these components by using a single weighted\\naverage discount rate derived from the yield curve used to measure the benefit obligation. The Company has elected to use a spot\\nrate approach in the estimation of the components of benefit cost by applying specific spot rates along the yield curve to the\\nrelevant projected cash flows, as this provides a better estimate of service and interest costs. This election is considered a change\\nin estimate and, accordingly, has been accounted for starting in 2016. 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2015\"},{\"bbox\":[792.7,706.4,877.1,731.1],\"lines\":[{\"bbox\":[792.7,706.4,877.1,731.1],\"text\":\"11,104,184\"}],\"order\":35,\"text\":\"11,104,184\"},{\"bbox\":[949.5,706.4,991.7,731.1],\"lines\":[{\"bbox\":[949.5,706.4,991.7,731.1],\"text\":\"15.06\"}],\"order\":36,\"text\":\"15.06\"},{\"bbox\":[1117.7,706.4,1145.8,731.1],\"lines\":[{\"bbox\":[1117.7,706.4,1145.8,731.1],\"text\":\"167\"}],\"order\":37,\"text\":\"167\"},{\"bbox\":[91.7,737.7,245.8,762.3],\"lines\":[{\"bbox\":[91.7,737.7,245.8,762.3],\"text\":\"Fourth Quarter 2015\"}],\"order\":38,\"text\":\"Fourth Quarter 2015\"},{\"bbox\":[802.1,737.7,877.1,762.3],\"lines\":[{\"bbox\":[802.1,737.7,877.1,762.3],\"text\":\"5,558,920\"}],\"order\":39,\"text\":\"5,558,920\"},{\"bbox\":[949.5,737.7,991.7,762.3],\"lines\":[{\"bbox\":[949.5,737.7,991.7,762.3],\"text\":\"15.03\"}],\"order\":40,\"text\":\"15.03\"},{\"bbox\":[1127.1,737.7,1145.8,762.3],\"lines\":[{\"bbox\":[1127.1,737.7,1145.8,762.3],\"text\":\"84\"}],\"order\":41,\"text\":\"84\"},{\"bbox\":[91.7,768.6,439.3,793.6],\"lines\":[{\"bbox\":[91.7,768.6,439.3,793.6],\"text\":\"Total Board Authorized Share Repurchases\"}],\"order\":42,\"text\":\"Total Board Authorized Share Repurchases\"},{\"bbox\":[792.7,768.9,877.1,793.6],\"lines\":[{\"bbox\":[792.7,768.9,877.1,793.6],\"text\":\"25,813,855\"}],\"order\":43,\"text\":\"25,813,855\"},{\"bbox\":[1012.5,768.9,1021.9,793.6],\"lines\":[{\"bbox\":[1012.5,768.9,1021.9,793.6],\"text\":\"$\"}],\"order\":44,\"text\":\"$\"},{\"bbox\":[1117.7,768.9,1145.8,793.6],\"lines\":[{\"bbox\":[1117.7,768.9,1145.8,793.6],\"text\":\"481\"}],\"order\":45,\"text\":\"481\"},{\"bbox\":[85.4,799.3,1152.1,841.2],\"lines\":[{\"bbox\":[85.4,799.3,1152.1,821.2],\"text\":\"(a) The average price paid per share and amounts paid for shares purchased exclude the commissions of $0.015 per share paid in connection with the share\"},{\"bbox\":[113.5,819.3,189.9,841.2],\"text\":\"repurchase.\"}],\"order\":46,\"text\":\"(a) The average price paid per share and amounts paid for shares purchased exclude the commissions of $0.015 per share paid in connection with the share\\nrepurchase.\"},{\"bbox\":[1314.6,63.4,2089.9,91.3],\"lines\":[{\"bbox\":[1314.6,63.4,2089.9,91.3],\"text\":\"Note 16 — Investments Accounted for by the Equity Method and Variable Interest Entities\"}],\"order\":47,\"text\":\"Note 16 — Investments Accounted for by the Equity Method and Variable Interest Entities\"},{\"bbox\":[1364.6,107.2,1652.8,135.1],\"lines\":[{\"bbox\":[1364.6,107.2,1652.8,135.1],\"text\":\"Entities that are not Consolidated\"}],\"order\":48,\"text\":\"Entities that are not Consolidated\"},{\"bbox\":[1314.6,151.5,2389.6,228.9],\"lines\":[{\"bbox\":[1364.6,151.5,2389.6,178.8],\"text\":\"NRG accounts for the Company's significant investments using the equity method of accounting. NRG's carrying value of\"},{\"bbox\":[1314.6,176.5,2389.6,203.9],\"text\":\"equity investments can be impacted by impairments, unrealized gains and losses on derivatives and movements in foreign currency\"},{\"bbox\":[1314.6,201.5,1687.2,228.9],\"text\":\"exchange rates, as well as other adjustments.\"}],\"order\":49,\"text\":\"NRG accounts for the Company's significant investments using the equity method of accounting. NRG's carrying value of\\nequity investments can be impacted by impairments, unrealized gains and losses on derivatives and movements in foreign currency\\nexchange rates, as well as other adjustments.\"},{\"bbox\":[1364.6,245.2,2144.2,272.6],\"lines\":[{\"bbox\":[1364.6,245.2,2144.2,272.6],\"text\":\"The following table summarizes NRG's equity method investments as of December 31, 2017:\"}],\"order\":50,\"text\":\"The following table summarizes NRG's equity method investments as of December 31, 2017:\"},{\"bbox\":[2159.6,289.3,2230.0,328.2],\"lines\":[{\"bbox\":[2159.6,289.3,2230.0,311.5],\"text\":\"Economic\"},{\"bbox\":[2167.1,306.0,2222.3,328.2],\"text\":\"Interest\"}],\"order\":51,\"text\":\"Economic\\nInterest\"},{\"bbox\":[1320.8,306.0,1362.5,328.2],\"lines\":[{\"bbox\":[1320.8,306.0,1362.5,328.2],\"text\":\"Name\"}],\"order\":52,\"text\":\"Name\"},{\"bbox\":[2283.2,333.0,2370.7,355.3],\"lines\":[{\"bbox\":[2283.2,333.0,2370.7,355.3],\"text\":\"(In millions)\"}],\"order\":53,\"text\":\"(In millions)\"},{\"bbox\":[1320.8,355.5,1700.4,712.2],\"lines\":[{\"bbox\":[1320.8,355.5,1575.0,385.0],\"text\":\"Avenal Solar Holdings LLC (a)\"},{\"bbox\":[1320.8,382.6,1700.4,412.1],\"text\":\"Desert Sunlight Investment Holdings, LLC (a)\"},{\"bbox\":[1320.8,409.7,1563.2,439.2],\"text\":\"Elkhorn Ridge Wind, LLC (a)\"},{\"bbox\":[1320.8,436.8,1530.5,466.3],\"text\":\"GenConn Energy LLC (a)\"},{\"bbox\":[1320.8,463.9,1568.7,493.4],\"text\":\"Four Brothers Solar, LLC (a)(c)\"},{\"bbox\":[1320.8,491.0,1636.2,520.5],\"text\":\"Granite Mountain Holdings, LLC (a)(c)\"},{\"bbox\":[1320.8,518.1,1589.2,547.6],\"text\":\"Iron Springs Holdings, LLC (a)(c)\"},{\"bbox\":[1320.8,547.3,1656.5,574.7],\"text\":\"Midway-Sunset Cogeneration Company\"},{\"bbox\":[1320.8,572.3,1630.3,601.7],\"text\":\"San Juan Mesa Wind Project, LLC (a)\"},{\"bbox\":[1320.8,601.5,1587.3,628.8],\"text\":\"Watson Cogeneration Company\"},{\"bbox\":[1320.8,626.5,1549.0,655.9],\"text\":\"Gladstone Power Station (b)\"},{\"bbox\":[1320.8,653.5,1384.1,683.0],\"text\":\"Other (d)\"},{\"bbox\":[1320.8,684.8,1624.5,712.2],\"text\":\"Total equity investments in affiliates\"}],\"order\":54,\"text\":\"Avenal Solar Holdings LLC (a)\\nDesert Sunlight Investment Holdings, LLC (a)\\nElkhorn Ridge Wind, LLC (a)\\nGenConn Energy LLC (a)\\nFour Brothers Solar, LLC (a)(c)\\nGranite Mountain Holdings, LLC (a)(c)\\nIron Springs Holdings, LLC (a)(c)\\nMidway-Sunset Cogeneration Company\\nSan Juan Mesa Wind Project, LLC (a)\\nWatson Cogeneration Company\\nGladstone Power Station (b)\\nOther (d)\\nTotal equity investments in affiliates\"},{\"bbox\":[2186.3,357.6,2281.3,712.2],\"lines\":[{\"bbox\":[2202.4,357.6,2281.3,385.0],\"text\":\"50.0% $\"},{\"bbox\":[2202.4,384.7,2256.2,412.1],\"text\":\"25.0%\"},{\"bbox\":[2202.4,411.8,2256.2,439.2],\"text\":\"47.0%\"},{\"bbox\":[2202.4,438.9,2256.2,466.3],\"text\":\"50.0%\"},{\"bbox\":[2202.4,466.0,2256.2,493.4],\"text\":\"50.0%\"},{\"bbox\":[2202.4,493.1,2256.2,520.5],\"text\":\"50.0%\"},{\"bbox\":[2202.4,520.2,2256.2,547.6],\"text\":\"50.0%\"},{\"bbox\":[2202.4,547.3,2256.2,574.7],\"text\":\"50.0%\"},{\"bbox\":[2202.4,574.4,2256.2,601.7],\"text\":\"75.0%\"},{\"bbox\":[2202.4,601.5,2256.2,628.8],\"text\":\"49.0%\"},{\"bbox\":[2202.4,628.5,2256.2,655.9],\"text\":\"37.5%\"},{\"bbox\":[2186.3,655.6,2249.9,683.0],\"text\":\"Various\"},{\"bbox\":[2270.8,684.8,2281.2,712.2],\"text\":\"$\"}],\"order\":55,\"text\":\"50.0% $\\n25.0%\\n47.0%\\n50.0%\\n50.0%\\n50.0%\\n50.0%\\n50.0%\\n75.0%\\n49.0%\\n37.5%\\nVarious\\n$\"},{\"bbox\":[2176.0,835.6,2344.8,907.8],\"lines\":[{\"bbox\":[2191.6,835.6,2329.3,857.8],\"text\":\"As of December 31,\"},{\"bbox\":[2176.0,860.6,2209.4,882.8],\"text\":\"2017\"},{\"bbox\":[2311.5,860.6,2344.8,882.8],\"text\":\"2016\"},{\"bbox\":[2216.6,885.6,2304.1,907.8],\"text\":\"(In millions)\"}],\"order\":56,\"text\":\"As of December 31,\\n2017\\n2016\\n(In millions)\"},{\"bbox\":[1320.8,909.2,1747.5,936.9],\"lines\":[{\"bbox\":[1320.8,909.2,1747.5,936.9],\"text\":\"Undistributed earnings from equity investments\"}],\"order\":57,\"text\":\"Undistributed earnings from equity investments\"},{\"bbox\":[132.3,939.8,262.1,967.5],\"lines\":[{\"bbox\":[132.3,939.8,262.1,967.5],\"text\":\"Preferred Stock\"}],\"order\":58,\"text\":\"Preferred Stock\"},{\"bbox\":[85.4,975.6,1152.1,1128.0],\"lines\":[{\"bbox\":[132.3,975.6,1152.1,1003.0],\"text\":\"On May 24, 2016, NRG entered an agreement with Credit Suisse Group to repurchase 100% of the outstanding shares of its\"},{\"bbox\":[85.4,1000.6,1152.1,1028.0],\"text\":\"$344.5 million 2.822% preferred stock. On June 13, 2016, the Company completed the repurchase from Credit Suisse of 100%\"},{\"bbox\":[85.4,1025.6,1152.1,1053.0],\"text\":\"of the outstanding shares at a price of $226 million. The transaction resulted in a gain on redemption of $78 million, measured as\"},{\"bbox\":[85.4,1050.6,1152.1,1078.0],\"text\":\"the difference between the fair value of the cash consideration paid upon redemption of $226 million and the carrying value of\"},{\"bbox\":[85.4,1075.6,1152.1,1103.0],\"text\":\"the preferred stock at the time of the redemption of $304 million. This amount is reflected in net income/(loss) available to NRG\"},{\"bbox\":[85.4,1100.6,602.1,1128.0],\"text\":\"common stockholders in the calculation of earnings per share.\"}],\"order\":59,\"text\":\"On May 24, 2016, NRG entered an agreement with Credit Suisse Group to repurchase 100% of the outstanding shares of its\\n$344.5 million 2.822% preferred stock. On June 13, 2016, the Company completed the repurchase from Credit Suisse of 100%\\nof the outstanding shares at a price of $226 million. The transaction resulted in a gain on redemption of $78 million, measured as\\nthe difference between the fair value of the cash consideration paid upon redemption of $226 million and the carrying value of\\nthe preferred stock at the time of the redemption of $304 million. This amount is reflected in net income/(loss) available to NRG\\ncommon stockholders in the calculation of earnings per share.\"},{\"bbox\":[85.4,1138.1,1152.1,1190.5],\"lines\":[{\"bbox\":[135.4,1138.1,1152.1,1165.5],\"text\":\"The following table reflects the changes in the Company's redeemable preferred stock balance for the years ended\"},{\"bbox\":[85.4,1163.1,394.4,1190.5],\"text\":\"December 31, 2017, 2016, and 2015:\"}],\"order\":60,\"text\":\"The following table reflects the changes in the Company's redeemable preferred stock balance for the years ended\\nDecember 31, 2017, 2016, and 2015:\"},{\"bbox\":[1041.6,1211.7,1129.1,1233.9],\"lines\":[{\"bbox\":[1041.6,1211.7,1129.1,1233.9],\"text\":\"(In millions)\"}],\"order\":61,\"text\":\"(In millions)\"},{\"bbox\":[91.7,1237.4,381.9,1265.2],\"lines\":[{\"bbox\":[91.7,1237.4,381.9,1265.2],\"text\":\"Balance as of December 31, 2014\"}],\"order\":62,\"text\":\"Balance as of December 31, 2014\"},{\"bbox\":[1029.2,1237.8,1039.6,1265.2],\"lines\":[{\"bbox\":[1029.2,1237.8,1039.6,1265.2],\"text\":\"$\"}],\"order\":63,\"text\":\"$\"},{\"bbox\":[91.7,1269.1,381.9,1327.7],\"lines\":[{\"bbox\":[104.2,1269.1,358.2,1296.4],\"text\":\"Accretion to redemption value\"},{\"bbox\":[91.7,1299.9,381.9,1327.7],\"text\":\"Balance as of December 31, 2015\"}],\"order\":64,\"text\":\"Accretion to redemption value\\nBalance as of December 31, 2015\"},{\"bbox\":[91.7,1331.6,594.8,1484.0],\"lines\":[{\"bbox\":[104.2,1331.6,358.2,1359.0],\"text\":\"Accretion to redemption value\"},{\"bbox\":[104.2,1362.8,525.3,1390.2],\"text\":\"Repurchase of 2.822% redeemable preferred stock\"},{\"bbox\":[104.2,1394.1,594.8,1421.5],\"text\":\"Gain on redemption of 2.822% redeemable preferred stock\"},{\"bbox\":[91.7,1424.9,381.9,1452.7],\"text\":\"Balance as of December 31, 2016\"},{\"bbox\":[91.7,1456.2,381.7,1484.0],\"text\":\"Balance as of December 31, 2017\"}],\"order\":65,\"text\":\"Accretion to redemption value\\nRepurchase of 2.822% redeemable preferred stock\\nGain on redemption of 2.822% redeemable preferred stock\\nBalance as of December 31, 2016\\nBalance as of December 31, 2017\"},{\"bbox\":[1029.2,1456.6,1039.6,1484.0],\"lines\":[{\"bbox\":[1029.2,1456.6,1039.6,1484.0],\"text\":\"$\"}],\"order\":66,\"text\":\"$\"},{\"bbox\":[603.1,1544.9,634.4,1572.3],\"lines\":[{\"bbox\":[603.1,1544.9,634.4,1572.3],\"text\":\"186\"}],\"order\":67,\"text\":\"186\"},{\"bbox\":[1102.7,1237.8,1147.9,1421.4],\"lines\":[{\"bbox\":[1109.7,1237.8,1140.9,1265.2],\"text\":\"291\"},{\"bbox\":[1120.1,1269.1,1140.9,1296.4],\"text\":\"11\"},{\"bbox\":[1109.7,1300.3,1140.9,1327.7],\"text\":\"302\"},{\"bbox\":[1130.5,1331.6,1140.9,1359.0],\"text\":\"2\"},{\"bbox\":[1102.7,1362.7,1147.9,1390.1],\"text\":\"(226)\"},{\"bbox\":[1113.1,1394.0,1147.9,1421.4],\"text\":\"(78)\"}],\"order\":68,\"text\":\"291\\n11\\n302\\n2\\n(226)\\n(78)\"},{\"bbox\":[1120.1,1425.4,1140.9,1484.0],\"lines\":[{\"bbox\":[1120.1,1425.4,1140.9,1452.7],\"text\":\"—\"},{\"bbox\":[1120.1,1456.6,1140.9,1484.0],\"text\":\"—\"}],\"order\":69,\"text\":\"—\\n—\"},{\"bbox\":[2335.7,357.6,2389.6,712.2],\"lines\":[{\"bbox\":[2365.3,357.6,2389.6,385.0],\"text\":\"(6)\"},{\"bbox\":[2351.4,384.7,2382.6,412.1],\"text\":\"272\"},{\"bbox\":[2361.8,411.8,2382.6,439.2],\"text\":\"73\"},{\"bbox\":[2351.4,438.9,2382.6,466.3],\"text\":\"102\"},{\"bbox\":[2351.4,466.0,2382.6,493.4],\"text\":\"213\"},{\"bbox\":[2361.8,493.1,2382.6,520.5],\"text\":\"78\"},{\"bbox\":[2361.8,520.2,2382.6,547.6],\"text\":\"54\"},{\"bbox\":[2361.8,547.3,2382.6,574.7],\"text\":\"16\"},{\"bbox\":[2361.8,574.4,2382.6,601.7],\"text\":\"66\"},{\"bbox\":[2361.8,601.5,2382.6,628.8],\"text\":\"21\"},{\"bbox\":[2351.4,628.5,2382.6,655.9],\"text\":\"139\"},{\"bbox\":[2361.8,655.6,2382.6,683.0],\"text\":\"10\"},{\"bbox\":[2335.7,684.8,2382.6,712.2],\"text\":\"1,038\"}],\"order\":70,\"text\":\"(6)\\n272\\n73\\n102\\n213\\n78\\n54\\n16\\n66\\n21\\n139\\n10\\n1,038\"},{\"bbox\":[1314.6,717.5,2079.5,799.4],\"lines\":[{\"bbox\":[1314.6,717.5,1668.1,739.4],\"text\":\"(a) Equity method investments owned by NRG Yield\"},{\"bbox\":[1314.6,737.5,1653.0,759.4],\"text\":\"(b) Gladstone Power Station is located in Australia\"},{\"bbox\":[1314.6,757.5,1667.3,779.4],\"text\":\"(c) Economic interest based on cash to be distributed\"},{\"bbox\":[1314.6,777.3,2079.5,799.4],\"text\":\"(d) Refer to Note 10 - Asset Impairments for discussion of NRG's investment in Petra Nova Parish Holdings, LLC.\"}],\"order\":71,\"text\":\"(a) Equity method investments owned by NRG Yield\\n(b) Gladstone Power Station is located in Australia\\n(c) Economic interest based on cash to be distributed\\n(d) Refer to Note 10 - Asset Impairments for discussion of NRG's investment in Petra Nova Parish Holdings, LLC.\"},{\"bbox\":[132.3,858.5,273.2,886.3],\"lines\":[{\"bbox\":[132.3,858.5,273.2,886.3],\"text\":\"Preferred Stock\"}],\"order\":72,\"text\":\"Preferred Stock\"},{\"bbox\":[132.3,895.9,445.9,923.8],\"lines\":[{\"bbox\":[132.3,895.9,445.9,923.8],\"text\":\"2.822% Redeemable Preferred Stock\"}],\"order\":73,\"text\":\"2.822% Redeemable Preferred Stock\"},{\"bbox\":[2287.2,289.3,2366.8,328.2],\"lines\":[{\"bbox\":[2287.2,289.3,2366.8,311.5],\"text\":\"Investment\"},{\"bbox\":[2298.8,306.0,2355.2,328.2],\"text\":\"Balance\"}],\"order\":74,\"text\":\"Investment\\nBalance\"},{\"bbox\":[2135.4,909.8,2145.8,937.2],\"lines\":[{\"bbox\":[2135.4,909.8,2145.8,937.2],\"text\":\"$\"}],\"order\":75,\"text\":\"$\"},{\"bbox\":[2218.0,909.8,2249.3,937.2],\"lines\":[{\"bbox\":[2218.0,909.8,2249.3,937.2],\"text\":\"120\"}],\"order\":76,\"text\":\"120\"},{\"bbox\":[2270.8,909.8,2281.2,937.2],\"lines\":[{\"bbox\":[2270.8,909.8,2281.2,937.2],\"text\":\"$\"}],\"order\":77,\"text\":\"$\"},{\"bbox\":[2353.4,909.8,2384.7,937.2],\"lines\":[{\"bbox\":[2353.4,909.8,2384.7,937.2],\"text\":\"101\"}],\"order\":78,\"text\":\"101\"},{\"bbox\":[1314.6,957.6,1538.0,985.3],\"lines\":[{\"bbox\":[1314.6,957.6,1538.0,985.3],\"text\":\"Variable Interest Entities\"}],\"order\":79,\"text\":\"Variable Interest Entities\"},{\"bbox\":[1314.6,999.6,2389.6,1052.0],\"lines\":[{\"bbox\":[1364.6,999.6,2389.6,1027.0],\"text\":\"NRG accounts for its interests in certain entities that are considered VIEs under ASC 810, for which NRG is not the primary\"},{\"bbox\":[1314.6,1024.7,1625.6,1052.0],\"text\":\"beneficiary, under the equity method.\"}],\"order\":80,\"text\":\"NRG accounts for its interests in certain entities that are considered VIEs under ASC 810, for which NRG is not the primary\\nbeneficiary, under the equity method.\"},{\"bbox\":[1314.6,1065.8,2389.7,1243.8],\"lines\":[{\"bbox\":[1361.5,1065.8,2389.6,1093.7],\"text\":\"Utility-Scale Solar Portfolio — As described in Note 3, Discontinued Operations, Acquisitions and Dispositions, on November\"},{\"bbox\":[1314.6,1091.3,2389.7,1118.7],\"text\":\"2, 2016, the Company acquired equity interests in a tax equity financed portfolio comprised of 530 MW of mechanically-complete\"},{\"bbox\":[1314.6,1116.3,2389.6,1143.7],\"text\":\"solar assets located in Utah, and subsequently sold these interests to NRG Yield, Inc. on March 27, 2017. These equity interests in\"},{\"bbox\":[1314.6,1141.4,2389.7,1168.7],\"text\":\"Four Brothers Solar, LLC, Granite Mountain Holdings, LLC, and Iron Springs Holdings, LLC are accounted for as equity method\"},{\"bbox\":[1314.6,1166.4,2389.6,1193.7],\"text\":\"investments as the Company does not have a controlling financial interest. The assets reached commercial operations during the\"},{\"bbox\":[1314.6,1191.4,2389.6,1218.8],\"text\":\"fourth quarter of 2016 and have 20-year PPAs with PacifiCorp. NRG's maximum exposure to loss is limited to its equity investment,\"},{\"bbox\":[1314.6,1216.4,1734.7,1243.8],\"text\":\"which was $345 million as of December 31, 2017.\"}],\"order\":81,\"text\":\"Utility-Scale Solar Portfolio — As described in Note 3, Discontinued Operations, Acquisitions and Dispositions, on November\\n2, 2016, the Company acquired equity interests in a tax equity financed portfolio comprised of 530 MW of mechanically-complete\\nsolar assets located in Utah, and subsequently sold these interests to NRG Yield, Inc. on March 27, 2017. These equity interests in\\nFour Brothers Solar, LLC, Granite Mountain Holdings, LLC, and Iron Springs Holdings, LLC are accounted for as equity method\\ninvestments as the Company does not have a controlling financial interest. The assets reached commercial operations during the\\nfourth quarter of 2016 and have 20-year PPAs with PacifiCorp. NRG's maximum exposure to loss is limited to its equity investment,\\nwhich was $345 million as of December 31, 2017.\"},{\"bbox\":[1314.6,1259.6,2389.6,1312.5],\"lines\":[{\"bbox\":[1361.5,1259.6,2389.6,1287.5],\"text\":\"GenConn — NRG owns a 50% interest in GenConn, a limited liability company formed to construct, own and operate two\"},{\"bbox\":[1314.6,1285.1,2091.0,1312.5],\"text\":\"190-MW peaking generation facilities in Connecticut at NRG's Devon and Middletown sites.\"}],\"order\":82,\"text\":\"GenConn — NRG owns a 50% interest in GenConn, a limited liability company formed to construct, own and operate two\\n190-MW peaking generation facilities in Connecticut at NRG's Devon and Middletown sites.\"},{\"bbox\":[1314.6,1326.8,2389.6,1454.2],\"lines\":[{\"bbox\":[1361.5,1326.8,2389.6,1354.2],\"text\":\"GenConn has a $237 million note with an interest rate of 4.73% and a maturity date of July 2041 and a 5-year, $35 million\"},{\"bbox\":[1314.6,1351.8,2389.6,1379.2],\"text\":\"working capital facility which can be used to issue letters of credit at an interest rate of 1.875%. As of December 31, 2017, $204\"},{\"bbox\":[1314.6,1376.8,2389.6,1404.2],\"text\":\"million was outstanding under the note and $14 million of letters of credit issued under the working capital facility. The note is\"},{\"bbox\":[1314.6,1401.9,2389.6,1429.2],\"text\":\"secured by all of the GenConn assets. NRG's maximum exposure to loss is limited to its equity investment, which was $102 million\"},{\"bbox\":[1314.6,1426.9,1528.6,1454.2],\"text\":\"as of December 31, 2017.\"}],\"order\":83,\"text\":\"GenConn has a $237 million note with an interest rate of 4.73% and a maturity date of July 2041 and a 5-year, $35 million\\nworking capital facility which can be used to issue letters of credit at an interest rate of 1.875%. As of December 31, 2017, $204\\nmillion was outstanding under the note and $14 million of letters of credit issued under the working capital facility. The note is\\nsecured by all of the GenConn assets. NRG's maximum exposure to loss is limited to its equity investment, which was $102 million\\nas of December 31, 2017.\"},{\"bbox\":[1840.6,1544.9,1871.9,1572.3],\"lines\":[{\"bbox\":[1840.6,1544.9,1871.9,1572.3],\"text\":\"187\"}],\"order\":84,\"text\":\"187\"}],\"doc\":\"fintabnet:NRG_2017\",\"dpi\":150,\"image_px\":[2475,1613],\"layout\":[],\"markdown\":\"2017\\n2016\\n2015\\n\\n$\\n$\\n$\\n\\nFourth\\nQuarter\\n\\n0.030\\n0.030\\n0.145\\n\\n$\\n$\\n$\\n\\nThird\\nQuarter\\n\\n0.030\\n0.030\\n0.145\\n\\n$\\n$\\n$\\n\\nSecond\\nQuarter\\n\\n0.030\\n0.030\\n0.145\\n\\n$\\n$\\n$\\n\\nFirst\\nQuarter\\n\\n0.030\\n0.145\\n0.145\\n\\nOn January 19, 2018, NRG declared a quarterly dividend on the Company's common stock of $0.03 per share, or $0.12 per\\nshare on an annualized basis, payable on February 15, 2018, to stockholders of record as of February 1, 2018.\\n\\nEmployee Stock Purchase Plan — Under the ESPP, eligible employees may elect to withhold up to 10% of their eligible\\ncompensation to purchase shares of NRG common stock at the lesser of 85% of its fair market value on the offering date or 85%\\nof the fair market value on the exercise date. An offering date occurs each January 1 and July 1. An exercise date occurs each\\nJune 30 and December 31. As of December 31, 2017, there remained 3,107,050 shares of treasury stock reserved for issuance\\nunder the ESPP, and in January of 2018, 175,862 shares of common stock were issued to employee accounts from treasury stock\\nfor the offering period of July 1, 2017 to December 31, 2017. Beginning January 2018, NRG suspended the ESPP.\\n\\nShare Repurchases — During 2015 and 2014, the Company's board of directors authorized share repurchases of $481 million\\nof its common stock, which were made as follows:\\n\\nTotal number of\\nshares purchased\\n\\nAverage\\nprice paid\\nper share (a)\\n\\nAmounts paid for\\nshares purchased\\n(in millions) (a)\\n\\n$\\n\\n$\\n\\nBoard Authorized Share Repurchases\\n\\nFourth Quarter 2014\\n\\n1,624,360\\n\\nFirst Quarter 2015\\n\\n3,146,484\\n\\n25.15\\n\\n26.95\\n\\n44\\n\\n79\\n\\nSecond Quarter 2015\\n\\n4,379,907\\n\\n24.53\\n\\n107\\n\\nThird Quarter 2015\\n\\n11,104,184\\n\\n15.06\\n\\n167\\n\\nFourth Quarter 2015\\n\\n5,558,920\\n\\n15.03\\n\\n84\\n\\nTotal Board Authorized Share Repurchases\\n\\n25,813,855\\n\\n$\\n\\n481\\n\\n(a) The average price paid per share and amounts paid for shares purchased exclude the commissions of $0.015 per share paid in connection with the share\\nrepurchase.\\n\\nNote 16 — Investments Accounted for by the Equity Method and Variable Interest Entities\\n\\nEntities that are not Consolidated\\n\\nNRG accounts for the Company's significant investments using the equity method of accounting. NRG's carrying value of\\nequity investments can be impacted by impairments, unrealized gains and losses on derivatives and movements in foreign currency\\nexchange rates, as well as other adjustments.\\n\\nThe following table summarizes NRG's equity method investments as of December 31, 2017:\\n\\nEconomic\\nInterest\\n\\nName\\n\\n(In millions)\\n\\nAvenal Solar Holdings LLC (a)\\nDesert Sunlight Investment Holdings, LLC (a)\\nElkhorn Ridge Wind, LLC (a)\\nGenConn Energy LLC (a)\\nFour Brothers Solar, LLC (a)(c)\\nGranite Mountain Holdings, LLC (a)(c)\\nIron Springs Holdings, LLC (a)(c)\\nMidway-Sunset Cogeneration Company\\nSan Juan Mesa Wind Project, LLC (a)\\nWatson Cogeneration Company\\nGladstone Power Station (b)\\nOther (d)\\nTotal equity investments in affiliates\\n\\n50.0% $\\n25.0%\\n47.0%\\n50.0%\\n50.0%\\n50.0%\\n50.0%\\n50.0%\\n75.0%\\n49.0%\\n37.5%\\nVarious\\n$\\n\\nAs of December 31,\\n2017\\n2016\\n(In millions)\\n\\nUndistributed earnings from equity investments\\n\\nPreferred Stock\\n\\nOn May 24, 2016, NRG entered an agreement with Credit Suisse Group to repurchase 100% of the outstanding shares of its\\n$344.5 million 2.822% preferred stock. On June 13, 2016, the Company completed the repurchase from Credit Suisse of 100%\\nof the outstanding shares at a price of $226 million. The transaction resulted in a gain on redemption of $78 million, measured as\\nthe difference between the fair value of the cash consideration paid upon redemption of $226 million and the carrying value of\\nthe preferred stock at the time of the redemption of $304 million. This amount is reflected in net income/(loss) available to NRG\\ncommon stockholders in the calculation of earnings per share.\\n\\nThe following table reflects the changes in the Company's redeemable preferred stock balance for the years ended\\nDecember 31, 2017, 2016, and 2015:\\n\\n(In millions)\\n\\nBalance as of December 31, 2014\\n\\n$\\n\\nAccretion to redemption value\\nBalance as of December 31, 2015\\n\\nAccretion to redemption value\\nRepurchase of 2.822% redeemable preferred stock\\nGain on redemption of 2.822% redeemable preferred stock\\nBalance as of December 31, 2016\\nBalance as of December 31, 2017\\n\\n$\\n\\n186\\n\\n291\\n11\\n302\\n2\\n(226)\\n(78)\\n\\n—\\n—\\n\\n(6)\\n272\\n73\\n102\\n213\\n78\\n54\\n16\\n66\\n21\\n139\\n10\\n1,038\\n\\n(a) Equity method investments owned by NRG Yield\\n(b) Gladstone Power Station is located in Australia\\n(c) Economic interest based on cash to be distributed\\n(d) Refer to Note 10 - Asset Impairments for discussion of NRG's investment in Petra Nova Parish Holdings, LLC.\\n\\nPreferred Stock\\n\\n2.822% Redeemable Preferred Stock\\n\\nInvestment\\nBalance\\n\\n$\\n\\n120\\n\\n$\\n\\n101\\n\\nVariable Interest Entities\\n\\nNRG accounts for its interests in certain entities that are considered VIEs under ASC 810, for which NRG is not the primary\\nbeneficiary, under the equity method.\\n\\nUtility-Scale Solar Portfolio — As described in Note 3, Discontinued Operations, Acquisitions and Dispositions, on November\\n2, 2016, the Company acquired equity interests in a tax equity financed portfolio comprised of 530 MW of mechanically-complete\\nsolar assets located in Utah, and subsequently sold these interests to NRG Yield, Inc. on March 27, 2017. These equity interests in\\nFour Brothers Solar, LLC, Granite Mountain Holdings, LLC, and Iron Springs Holdings, LLC are accounted for as equity method\\ninvestments as the Company does not have a controlling financial interest. The assets reached commercial operations during the\\nfourth quarter of 2016 and have 20-year PPAs with PacifiCorp. NRG's maximum exposure to loss is limited to its equity investment,\\nwhich was $345 million as of December 31, 2017.\\n\\nGenConn — NRG owns a 50% interest in GenConn, a limited liability company formed to construct, own and operate two\\n190-MW peaking generation facilities in Connecticut at NRG's Devon and Middletown sites.\\n\\nGenConn has a $237 million note with an interest rate of 4.73% and a maturity date of July 2041 and a 5-year, $35 million\\nworking capital facility which can be used to issue letters of credit at an interest rate of 1.875%. As of December 31, 2017, $204\\nmillion was outstanding under the note and $14 million of letters of credit issued under the working capital facility. The note is\\nsecured by all of the GenConn assets. NRG's maximum exposure to loss is limited to its equity investment, which was $102 million\\nas of December 31, 2017.\\n\\n187\",\"name\":\"fintabnet.NRG_2017_page_95__150dpi_none\",\"page_id\":\"fintabnet.NRG_2017_page_95\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"NRG_2017_page_95\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[89.6,71.3,1143.0,191.7],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12],\"cells\":null}],\"text\":\"2017\\n2016\\n2015\\n\\n$\\n$\\n$\\n\\nFourth\\nQuarter\\n\\n0.030\\n0.030\\n0.145\\n\\n$\\n$\\n$\\n\\nThird\\nQuarter\\n\\n0.030\\n0.030\\n0.145\\n\\n$\\n$\\n$\\n\\nSecond\\nQuarter\\n\\n0.030\\n0.030\\n0.145\\n\\n$\\n$\\n$\\n\\nFirst\\nQuarter\\n\\n0.030\\n0.145\\n0.145\\n\\nOn January 19, 2018, NRG declared a quarterly dividend on the Company's common stock of $0.03 per share, or $0.12 per\\nshare on an annualized basis, payable on February 15, 2018, to stockholders of record as of February 1, 2018.\\n\\nEmployee Stock Purchase Plan — Under the ESPP, eligible employees may elect to withhold up to 10% of their eligible\\ncompensation to purchase shares of NRG common stock at the lesser of 85% of its fair market value on the offering date or 85%\\nof the fair market value on the exercise date. An offering date occurs each January 1 and July 1. An exercise date occurs each\\nJune 30 and December 31. As of December 31, 2017, there remained 3,107,050 shares of treasury stock reserved for issuance\\nunder the ESPP, and in January of 2018, 175,862 shares of common stock were issued to employee accounts from treasury stock\\nfor the offering period of July 1, 2017 to December 31, 2017. Beginning January 2018, NRG suspended the ESPP.\\n\\nShare Repurchases — During 2015 and 2014, the Company's board of directors authorized share repurchases of $481 million\\nof its common stock, which were made as follows:\\n\\nTotal number of\\nshares purchased\\n\\nAverage\\nprice paid\\nper share (a)\\n\\nAmounts paid for\\nshares purchased\\n(in millions) (a)\\n\\n$\\n\\n$\\n\\nBoard Authorized Share Repurchases\\n\\nFourth Quarter 2014\\n\\n1,624,360\\n\\nFirst Quarter 2015\\n\\n3,146,484\\n\\n25.15\\n\\n26.95\\n\\n44\\n\\n79\\n\\nSecond Quarter 2015\\n\\n4,379,907\\n\\n24.53\\n\\n107\\n\\nThird Quarter 2015\\n\\n11,104,184\\n\\n15.06\\n\\n167\\n\\nFourth Quarter 2015\\n\\n5,558,920\\n\\n15.03\\n\\n84\\n\\nTotal Board Authorized Share Repurchases\\n\\n25,813,855\\n\\n$\\n\\n481\\n\\n(a) The average price paid per share and amounts paid for shares purchased exclude the commissions of $0.015 per share paid in connection with the share\\nrepurchase.\\n\\nNote 16 — Investments Accounted for by the Equity Method and Variable Interest Entities\\n\\nEntities that are not Consolidated\\n\\nNRG accounts for the Company's significant investments using the equity method of accounting. NRG's carrying value of\\nequity investments can be impacted by impairments, unrealized gains and losses on derivatives and movements in foreign currency\\nexchange rates, as well as other adjustments.\\n\\nThe following table summarizes NRG's equity method investments as of December 31, 2017:\\n\\nEconomic\\nInterest\\n\\nName\\n\\n(In millions)\\n\\nAvenal Solar Holdings LLC (a)\\nDesert Sunlight Investment Holdings, LLC (a)\\nElkhorn Ridge Wind, LLC (a)\\nGenConn Energy LLC (a)\\nFour Brothers Solar, LLC (a)(c)\\nGranite Mountain Holdings, LLC (a)(c)\\nIron Springs Holdings, LLC (a)(c)\\nMidway-Sunset Cogeneration Company\\nSan Juan Mesa Wind Project, LLC (a)\\nWatson Cogeneration Company\\nGladstone Power Station (b)\\nOther (d)\\nTotal equity investments in affiliates\\n\\n50.0% $\\n25.0%\\n47.0%\\n50.0%\\n50.0%\\n50.0%\\n50.0%\\n50.0%\\n75.0%\\n49.0%\\n37.5%\\nVarious\\n$\\n\\nAs of December 31,\\n2017\\n2016\\n(In millions)\\n\\nUndistributed earnings from equity investments\\n\\nPreferred Stock\\n\\nOn May 24, 2016, NRG entered an agreement with Credit Suisse Group to repurchase 100% of the outstanding shares of its\\n$344.5 million 2.822% preferred stock. On June 13, 2016, the Company completed the repurchase from Credit Suisse of 100%\\nof the outstanding shares at a price of $226 million. The transaction resulted in a gain on redemption of $78 million, measured as\\nthe difference between the fair value of the cash consideration paid upon redemption of $226 million and the carrying value of\\nthe preferred stock at the time of the redemption of $304 million. This amount is reflected in net income/(loss) available to NRG\\ncommon stockholders in the calculation of earnings per share.\\n\\nThe following table reflects the changes in the Company's redeemable preferred stock balance for the years ended\\nDecember 31, 2017, 2016, and 2015:\\n\\n(In millions)\\n\\nBalance as of December 31, 2014\\n\\n$\\n\\nAccretion to redemption value\\nBalance as of December 31, 2015\\n\\nAccretion to redemption value\\nRepurchase of 2.822% redeemable preferred stock\\nGain on redemption of 2.822% redeemable preferred stock\\nBalance as of December 31, 2016\\nBalance as of December 31, 2017\\n\\n$\\n\\n186\\n\\n291\\n11\\n302\\n2\\n(226)\\n(78)\\n\\n—\\n—\\n\\n(6)\\n272\\n73\\n102\\n213\\n78\\n54\\n16\\n66\\n21\\n139\\n10\\n1,038\\n\\n(a) Equity method investments owned by NRG Yield\\n(b) Gladstone Power Station is located in Australia\\n(c) Economic interest based on cash to be distributed\\n(d) Refer to Note 10 - Asset Impairments for discussion of NRG's investment in Petra Nova Parish Holdings, LLC.\\n\\nPreferred Stock\\n\\n2.822% Redeemable Preferred Stock\\n\\nInvestment\\nBalance\\n\\n$\\n\\n120\\n\\n$\\n\\n101\\n\\nVariable Interest Entities\\n\\nNRG accounts for its interests in certain entities that are considered VIEs under ASC 810, for which NRG is not the primary\\nbeneficiary, under the equity method.\\n\\nUtility-Scale Solar Portfolio — As described in Note 3, Discontinued Operations, Acquisitions and Dispositions, on November\\n2, 2016, the Company acquired equity interests in a tax equity financed portfolio comprised of 530 MW of mechanically-complete\\nsolar assets located in Utah, and subsequently sold these interests to NRG Yield, Inc. on March 27, 2017. These equity interests in\\nFour Brothers Solar, LLC, Granite Mountain Holdings, LLC, and Iron Springs Holdings, LLC are accounted for as equity method\\ninvestments as the Company does not have a controlling financial interest. The assets reached commercial operations during the\\nfourth quarter of 2016 and have 20-year PPAs with PacifiCorp. NRG's maximum exposure to loss is limited to its equity investment,\\nwhich was $345 million as of December 31, 2017.\\n\\nGenConn — NRG owns a 50% interest in GenConn, a limited liability company formed to construct, own and operate two\\n190-MW peaking generation facilities in Connecticut at NRG's Devon and Middletown sites.\\n\\nGenConn has a $237 million note with an interest rate of 4.73% and a maturity date of July 2041 and a 5-year, $35 million\\nworking capital facility which can be used to issue letters of credit at an interest rate of 1.875%. As of December 31, 2017, $204\\nmillion was outstanding under the note and $14 million of letters of credit issued under the working capital facility. The note is\\nsecured by all of the GenConn assets. NRG's maximum exposure to loss is limited to its equity investment, which was $102 million\\nas of December 31, 2017.\\n\\n187\"},\"name\":\"fintabnet.NRG_2017_page_95__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":331036,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:NRG_2017\",\"dpi\":150,\"gt_sha256\":\"355c372e87378c38578033b78ef4a2254356238b0e1ce2af18c141a65db12791\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NRG_2017_page_95__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.NRG_2017_page_95\",\"pdf_sha256\":\"f4688276c103923295b7957f00ad5ad00e5c808237819c6cd6523170d23c4921\",\"px\":[2475,1613],\"scan\":{\"render\":\"0000077e7e60ff437ec007e040c044e040026040ff7e70ff40fc607e60400000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"NRG_2017_page_95\",\"src\":{\"file_sha256\":\"92a749f9af4b6dbc9f42512053790d59619309b592464b785e42a4a30a3840dd\",\"render\":\"0000067e7e60ff437ec007c040c047e040026040ff7e70ff4178607e63400000\",\"text\":\"bd11bced17b3397b209f299f2a1345dbcb8e45f90cc929dff5b5875fe4d821eb\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f4688276c103923295b7957f00ad5ad00e5c808237819c6cd6523170d23c4921\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f4688276c103923295b7957f00ad5ad00e5c808237819c6cd6523170d23c4921.pdf","asset_sha256":"f4688276c103923295b7957f00ad5ad00e5c808237819c6cd6523170d23c4921","document_id":"fintabnet:NRG_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NRG_2017_page_95\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NVDA_2010_page_108\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NVDA_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[95.8,87.2,724.9,233.9],\"lines\":[{\"bbox\":[123.6,87.2,717.0,100.5],\"text\":\"The following graph compares the cumulative total stockholder return for our common stock, the\"},{\"bbox\":[95.8,103.9,718.1,117.2],\"text\":\"S & P 500 Index and the S & P 500 Semiconductors Index for the period commencing with our initial\"},{\"bbox\":[95.8,120.5,719.4,133.9],\"text\":\"public offering through the year ended January 31, 2010. The graph assumes that $100 was invested at\"},{\"bbox\":[95.8,137.2,716.6,150.5],\"text\":\"our initial public offering on January 21, 1999 in our common stock or on December 31, 1998 in each\"},{\"bbox\":[95.8,153.9,701.4,167.2],\"text\":\"of the S & P 500 Index and the S & P Semiconductors Index. Total return assumes reinvestment of\"},{\"bbox\":[95.8,170.5,709.1,183.9],\"text\":\"dividends in each of the indices indicated. We have never paid cash dividends on our common stock.\"},{\"bbox\":[95.8,187.2,696.7,200.5],\"text\":\"Our results are calculated on fiscal year-end basis and each of the S & P 500 Index and the S & P\"},{\"bbox\":[95.8,203.9,724.9,217.2],\"text\":\"Semiconductors Index are calculated on month-end basis. Total return is based on historical results and\"},{\"bbox\":[95.8,220.5,381.6,233.9],\"text\":\"is not intended to indicate future performance.\"}],\"order\":0,\"text\":\"The following graph compares the cumulative total stockholder return for our common stock, the\\nS & P 500 Index and the S & P 500 Semiconductors Index for the period commencing with our initial\\npublic offering through the year ended January 31, 2010. The graph assumes that $100 was invested at\\nour initial public offering on January 21, 1999 in our common stock or on December 31, 1998 in each\\nof the S & P 500 Index and the S & P Semiconductors Index. Total return assumes reinvestment of\\ndividends in each of the indices indicated. We have never paid cash dividends on our common stock.\\nOur results are calculated on fiscal year-end basis and each of the S & P 500 Index and the S & P\\nSemiconductors Index are calculated on month-end basis. Total return is based on historical results and\\nis not intended to indicate future performance.\"},{\"bbox\":[213.9,254.3,611.0,300.5],\"lines\":[{\"bbox\":[213.9,254.3,611.0,266.8],\"text\":\"COMPARISON OF 11 YEAR CUMULATIVE TOTAL RETURN*\"},{\"bbox\":[257.8,270.5,567.2,283.9],\"text\":\"Among NVIDIA Corporation, The S&P 500 Index\"},{\"bbox\":[300.1,287.2,524.9,300.5],\"text\":\"And The S&P Semiconductors Index\"}],\"order\":1,\"text\":\"COMPARISON OF 11 YEAR CUMULATIVE TOTAL RETURN*\\nAmong NVIDIA Corporation, The S&P 500 Index\\nAnd The S&P Semiconductors Index\"},{\"bbox\":[97.9,315.8,127.6,324.8],\"lines\":[{\"bbox\":[97.9,315.8,127.6,324.8],\"text\":\"$3,000\"}],\"order\":2,\"text\":\"$3,000\"},{\"bbox\":[97.9,363.3,127.6,372.3],\"lines\":[{\"bbox\":[97.9,363.3,127.6,372.3],\"text\":\"$2,500\"}],\"order\":3,\"text\":\"$2,500\"},{\"bbox\":[97.9,410.8,127.6,419.7],\"lines\":[{\"bbox\":[97.9,410.8,127.6,419.7],\"text\":\"$2,000\"}],\"order\":4,\"text\":\"$2,000\"},{\"bbox\":[97.9,458.2,127.6,467.2],\"lines\":[{\"bbox\":[97.9,458.2,127.6,467.2],\"text\":\"$1,500\"}],\"order\":5,\"text\":\"$1,500\"},{\"bbox\":[97.9,505.7,127.6,514.6],\"lines\":[{\"bbox\":[97.9,505.7,127.6,514.6],\"text\":\"$1,000\"}],\"order\":6,\"text\":\"$1,000\"},{\"bbox\":[105.2,553.1,126.8,562.1],\"lines\":[{\"bbox\":[105.2,553.1,126.8,562.1],\"text\":\"$500\"}],\"order\":7,\"text\":\"$500\"},{\"bbox\":[116.0,600.6,126.8,609.6],\"lines\":[{\"bbox\":[116.0,600.6,126.8,609.6],\"text\":\"$0\"}],\"order\":8,\"text\":\"$0\"},{\"bbox\":[168.6,616.4,201.0,625.4],\"lines\":[{\"bbox\":[168.6,616.4,201.0,625.4],\"text\":\"1/31/99\"}],\"order\":9,\"text\":\"1/31/99\"},{\"bbox\":[216.4,616.4,248.8,625.4],\"lines\":[{\"bbox\":[216.4,616.4,248.8,625.4],\"text\":\"1/30/00\"}],\"order\":10,\"text\":\"1/30/00\"},{\"bbox\":[264.1,616.4,296.6,625.4],\"lines\":[{\"bbox\":[264.1,616.4,296.6,625.4],\"text\":\"1/28/01\"}],\"order\":11,\"text\":\"1/28/01\"},{\"bbox\":[311.9,616.4,344.3,625.4],\"lines\":[{\"bbox\":[311.9,616.4,344.3,625.4],\"text\":\"1/27/02\"}],\"order\":12,\"text\":\"1/27/02\"},{\"bbox\":[359.7,616.4,392.1,625.4],\"lines\":[{\"bbox\":[359.7,616.4,392.1,625.4],\"text\":\"1/24/03\"}],\"order\":13,\"text\":\"1/24/03\"},{\"bbox\":[407.5,616.4,439.9,625.4],\"lines\":[{\"bbox\":[407.5,616.4,439.9,625.4],\"text\":\"1/25/04\"}],\"order\":14,\"text\":\"1/25/04\"},{\"bbox\":[219.8,679.7,311.1,688.7],\"lines\":[{\"bbox\":[219.8,679.7,311.1,688.7],\"text\":\"NVIDIA Corporation\"}],\"order\":15,\"text\":\"NVIDIA Corporation\"},{\"bbox\":[95.8,712.2,102.8,725.5],\"lines\":[{\"bbox\":[95.8,712.2,102.8,725.5],\"text\":\"*\"}],\"order\":16,\"text\":\"*\"},{\"bbox\":[455.2,616.4,487.7,625.4],\"lines\":[{\"bbox\":[455.2,616.4,487.7,625.4],\"text\":\"1/30/05\"}],\"order\":17,\"text\":\"1/30/05\"},{\"bbox\":[503.0,616.4,535.4,625.4],\"lines\":[{\"bbox\":[503.0,616.4,535.4,625.4],\"text\":\"1/29/06\"}],\"order\":18,\"text\":\"1/29/06\"},{\"bbox\":[550.8,616.4,583.2,625.4],\"lines\":[{\"bbox\":[550.8,616.4,583.2,625.4],\"text\":\"1/28/07\"}],\"order\":19,\"text\":\"1/28/07\"},{\"bbox\":[598.5,616.4,631.0,625.4],\"lines\":[{\"bbox\":[598.5,616.4,631.0,625.4],\"text\":\"1/27/08\"}],\"order\":20,\"text\":\"1/27/08\"},{\"bbox\":[646.3,616.4,678.7,625.4],\"lines\":[{\"bbox\":[646.3,616.4,678.7,625.4],\"text\":\"1/25/09\"}],\"order\":21,\"text\":\"1/25/09\"},{\"bbox\":[694.1,616.4,726.5,625.4],\"lines\":[{\"bbox\":[694.1,616.4,726.5,625.4],\"text\":\"1/31/10\"}],\"order\":22,\"text\":\"1/31/10\"},{\"bbox\":[648.1,676.9,727.1,692.9],\"lines\":[{\"bbox\":[648.1,676.9,727.1,692.9],\"text\":\"31MAR201002431774\"}],\"order\":23,\"text\":\"31MAR201002431774\"},{\"bbox\":[575.1,679.7,673.8,688.7],\"lines\":[{\"bbox\":[575.1,679.7,673.8,688.7],\"text\":\"S&P Semiconductors\"}],\"order\":24,\"text\":\"S&P Semiconductors\"},{\"bbox\":[426.1,679.7,465.0,688.7],\"lines\":[{\"bbox\":[426.1,679.7,465.0,688.7],\"text\":\"S&P 500\"}],\"order\":25,\"text\":\"S&P 500\"},{\"bbox\":[123.6,712.2,726.3,742.2],\"lines\":[{\"bbox\":[123.6,712.2,726.3,725.5],\"text\":\"$100 invested on 1/21/99 in stock or 12/31/98 in index, including reinvestment of dividends. Indexes\"},{\"bbox\":[123.6,728.9,310.9,742.2],\"text\":\"calculated on month-end basis.\"}],\"order\":26,\"text\":\"$100 invested on 1/21/99 in stock or 12/31/98 in index, including reinvestment of dividends. Indexes\\ncalculated on month-end basis.\"},{\"bbox\":[123.6,753.9,671.4,767.2],\"lines\":[{\"bbox\":[123.6,753.9,671.4,767.2],\"text\":\"Copyright 2010 S&P, a division of The McGraw-Hill Companies Inc. All rights reserved.\"}],\"order\":27,\"text\":\"Copyright 2010 S&P, a division of The McGraw-Hill Companies Inc. All rights reserved.\"},{\"bbox\":[191.9,783.1,729.2,790.6],\"lines\":[{\"bbox\":[191.9,783.1,729.2,790.6],\"text\":\"1/21/1999 1/31/1999 1/30/2000 1/28/2001 1/27/2002 1/24/2003 1/25/2004 1/30/2005 1/29/2006 1/28/2007 1/27/2008 1/25/2009 1/31/2010\"}],\"order\":28,\"text\":\"1/21/1999 1/31/1999 1/30/2000 1/28/2001 1/27/2002 1/24/2003 1/25/2004 1/30/2005 1/29/2006 1/28/2007 1/27/2008 1/25/2009 1/31/2010\"},{\"bbox\":[95.8,799.5,183.5,828.4],\"lines\":[{\"bbox\":[95.8,799.5,183.5,807.5],\"text\":\"NVIDIA Corporation .\"},{\"bbox\":[95.8,810.0,183.5,818.0],\"text\":\"S&P 500 . . . . . . . .\"},{\"bbox\":[95.8,820.4,183.5,828.4],\"text\":\"S&P Semiconductors .\"}],\"order\":29,\"text\":\"NVIDIA Corporation .\\nS&P 500 . . . . . . . .\\nS&P Semiconductors .\"},{\"bbox\":[95.8,841.2,100.0,849.2],\"lines\":[{\"bbox\":[95.8,841.2,100.0,849.2],\"text\":\"*\"}],\"order\":30,\"text\":\"*\"},{\"bbox\":[195.1,799.5,222.2,828.4],\"lines\":[{\"bbox\":[195.2,799.5,222.2,807.5],\"text\":\"$100.00\"},{\"bbox\":[195.1,810.0,222.2,818.0],\"text\":\"$100.00\"},{\"bbox\":[195.1,820.4,222.2,828.4],\"text\":\"$100.00\"}],\"order\":31,\"text\":\"$100.00\\n$100.00\\n$100.00\"},{\"bbox\":[237.1,799.5,264.2,828.4],\"lines\":[{\"bbox\":[237.1,799.5,264.2,807.5],\"text\":\"$158.33\"},{\"bbox\":[237.1,810.0,264.2,818.0],\"text\":\"$104.18\"},{\"bbox\":[237.1,820.4,264.2,828.4],\"text\":\"$119.64\"}],\"order\":32,\"text\":\"$158.33\\n$104.18\\n$119.64\"},{\"bbox\":[279.1,799.5,306.2,828.4],\"lines\":[{\"bbox\":[279.1,799.5,306.2,807.5],\"text\":\"$311.46\"},{\"bbox\":[279.1,810.0,306.2,818.0],\"text\":\"$114.96\"},{\"bbox\":[279.1,820.4,306.2,828.4],\"text\":\"$180.33\"}],\"order\":33,\"text\":\"$311.46\\n$114.96\\n$180.33\"},{\"bbox\":[321.1,799.5,348.2,828.4],\"lines\":[{\"bbox\":[321.1,799.5,348.2,807.5],\"text\":\"$846.88\"},{\"bbox\":[321.1,810.0,348.1,818.0],\"text\":\"$113.93\"},{\"bbox\":[321.1,820.4,348.1,828.4],\"text\":\"$145.17\"}],\"order\":34,\"text\":\"$846.88\\n$113.93\\n$145.17\"},{\"bbox\":[359.9,799.5,393.3,828.4],\"lines\":[{\"bbox\":[359.9,799.5,393.3,807.5],\"text\":\"$2,182.33\"},{\"bbox\":[359.9,810.0,393.3,818.0],\"text\":\"$ 95.53\"},{\"bbox\":[359.9,820.4,393.3,828.4],\"text\":\"$ 112.96\"}],\"order\":35,\"text\":\"$2,182.33\\n$ 95.53\\n$ 112.96\"},{\"bbox\":[405.0,799.5,432.1,828.4],\"lines\":[{\"bbox\":[405.0,799.5,432.1,807.5],\"text\":\"$339.00\"},{\"bbox\":[405.0,810.0,432.1,818.0],\"text\":\"$ 73.54\"},{\"bbox\":[405.0,820.4,432.1,828.4],\"text\":\"$ 50.00\"}],\"order\":36,\"text\":\"$339.00\\n$ 73.54\\n$ 50.00\"},{\"bbox\":[447.0,799.5,474.1,828.4],\"lines\":[{\"bbox\":[447.0,799.5,474.1,807.5],\"text\":\"$769.67\"},{\"bbox\":[447.0,810.0,474.1,818.0],\"text\":\"$ 98.97\"},{\"bbox\":[447.0,820.4,474.1,828.4],\"text\":\"$ 99.52\"}],\"order\":37,\"text\":\"$769.67\\n$ 98.97\\n$ 99.52\"},{\"bbox\":[488.9,799.5,516.1,828.4],\"lines\":[{\"bbox\":[489.0,799.5,516.1,807.5],\"text\":\"$762.67\"},{\"bbox\":[488.9,810.0,516.0,818.0],\"text\":\"$105.13\"},{\"bbox\":[488.9,820.4,516.0,828.4],\"text\":\"$ 74.79\"}],\"order\":38,\"text\":\"$762.67\\n$105.13\\n$ 74.79\"},{\"bbox\":[527.8,799.5,561.1,828.4],\"lines\":[{\"bbox\":[527.8,799.5,561.1,807.5],\"text\":\"$1,541.67\"},{\"bbox\":[527.8,810.0,561.1,818.0],\"text\":\"$ 116.05\"},{\"bbox\":[527.8,820.4,561.1,828.4],\"text\":\"$ 86.48\"}],\"order\":39,\"text\":\"$1,541.67\\n$ 116.05\\n$ 86.48\"},{\"bbox\":[569.8,799.5,603.1,828.4],\"lines\":[{\"bbox\":[569.8,799.5,603.1,807.5],\"text\":\"$2,098.00\"},{\"bbox\":[569.8,810.0,603.1,818.0],\"text\":\"$ 132.89\"},{\"bbox\":[569.8,820.4,603.1,828.4],\"text\":\"$ 81.43\"}],\"order\":40,\"text\":\"$2,098.00\\n$ 132.89\\n$ 81.43\"},{\"bbox\":[123.6,841.2,600.5,849.2],\"lines\":[{\"bbox\":[123.6,841.2,600.5,849.2],\"text\":\"$100 invested on 1/21/99 in stock or 12/31/98 in index, including reinvestment of dividends. Indexes calculated on month-end basis.\"}],\"order\":41,\"text\":\"$100 invested on 1/21/99 in stock or 12/31/98 in index, including reinvestment of dividends. Indexes calculated on month-end basis.\"},{\"bbox\":[405.6,977.5,419.4,990.8],\"lines\":[{\"bbox\":[405.6,977.5,419.4,990.8],\"text\":\"43\"}],\"order\":42,\"text\":\"43\"},{\"bbox\":[611.7,799.5,645.1,828.4],\"lines\":[{\"bbox\":[611.7,799.5,645.1,807.5],\"text\":\"$2,495.00\"},{\"bbox\":[611.7,810.0,645.1,818.0],\"text\":\"$ 129.82\"},{\"bbox\":[611.7,820.4,645.1,828.4],\"text\":\"$ 75.88\"}],\"order\":43,\"text\":\"$2,495.00\\n$ 129.82\\n$ 75.88\"},{\"bbox\":[656.8,799.5,683.9,828.4],\"lines\":[{\"bbox\":[656.8,799.5,683.9,807.5],\"text\":\"$771.00\"},{\"bbox\":[656.8,810.0,683.9,818.0],\"text\":\"$ 79.67\"},{\"bbox\":[656.8,820.4,683.9,828.4],\"text\":\"$ 45.49\"}],\"order\":44,\"text\":\"$771.00\\n$ 79.67\\n$ 45.49\"},{\"bbox\":[695.6,799.5,729.0,828.4],\"lines\":[{\"bbox\":[695.6,799.5,729.0,807.5],\"text\":\"$1,539.00\"},{\"bbox\":[695.7,810.0,729.0,818.0],\"text\":\"$ 106.07\"},{\"bbox\":[695.7,820.4,729.0,828.4],\"text\":\"$ 71.41\"}],\"order\":45,\"text\":\"$1,539.00\\n$ 106.07\\n$ 71.41\"},{\"bbox\":[778.4,727.0,799.6,788.9],\"lines\":[{\"bbox\":[778.4,727.0,799.6,788.9],\"text\":\"Form 10-K\"}],\"order\":46,\"text\":\"Form 10-K\"},{\"bbox\":[120.8,616.4,153.3,625.4],\"lines\":[{\"bbox\":[120.8,616.4,153.3,625.4],\"text\":\"1/21/99\"}],\"order\":47,\"text\":\"1/21/99\"}],\"doc\":\"fintabnet:NVDA_2010\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"The following graph compares the cumulative total stockholder return for our common stock, the\\nS & P 500 Index and the S & P 500 Semiconductors Index for the period commencing with our initial\\npublic offering through the year ended January 31, 2010. The graph assumes that $100 was invested at\\nour initial public offering on January 21, 1999 in our common stock or on December 31, 1998 in each\\nof the S & P 500 Index and the S & P Semiconductors Index. Total return assumes reinvestment of\\ndividends in each of the indices indicated. We have never paid cash dividends on our common stock.\\nOur results are calculated on fiscal year-end basis and each of the S & P 500 Index and the S & P\\nSemiconductors Index are calculated on month-end basis. Total return is based on historical results and\\nis not intended to indicate future performance.\\n\\nCOMPARISON OF 11 YEAR CUMULATIVE TOTAL RETURN*\\nAmong NVIDIA Corporation, The S&P 500 Index\\nAnd The S&P Semiconductors Index\\n\\n$3,000\\n\\n$2,500\\n\\n$2,000\\n\\n$1,500\\n\\n$1,000\\n\\n$500\\n\\n$0\\n\\n1/31/99\\n\\n1/30/00\\n\\n1/28/01\\n\\n1/27/02\\n\\n1/24/03\\n\\n1/25/04\\n\\nNVIDIA Corporation\\n\\n*\\n\\n1/30/05\\n\\n1/29/06\\n\\n1/28/07\\n\\n1/27/08\\n\\n1/25/09\\n\\n1/31/10\\n\\n31MAR201002431774\\n\\nS&P Semiconductors\\n\\nS&P 500\\n\\n$100 invested on 1/21/99 in stock or 12/31/98 in index, including reinvestment of dividends. Indexes\\ncalculated on month-end basis.\\n\\nCopyright 2010 S&P, a division of The McGraw-Hill Companies Inc. All rights reserved.\\n\\n1/21/1999 1/31/1999 1/30/2000 1/28/2001 1/27/2002 1/24/2003 1/25/2004 1/30/2005 1/29/2006 1/28/2007 1/27/2008 1/25/2009 1/31/2010\\n\\nNVIDIA Corporation .\\nS&P 500 . . . . . . . .\\nS&P Semiconductors .\\n\\n*\\n\\n$100.00\\n$100.00\\n$100.00\\n\\n$158.33\\n$104.18\\n$119.64\\n\\n$311.46\\n$114.96\\n$180.33\\n\\n$846.88\\n$113.93\\n$145.17\\n\\n$2,182.33\\n$ 95.53\\n$ 112.96\\n\\n$339.00\\n$ 73.54\\n$ 50.00\\n\\n$769.67\\n$ 98.97\\n$ 99.52\\n\\n$762.67\\n$105.13\\n$ 74.79\\n\\n$1,541.67\\n$ 116.05\\n$ 86.48\\n\\n$2,098.00\\n$ 132.89\\n$ 81.43\\n\\n$100 invested on 1/21/99 in stock or 12/31/98 in index, including reinvestment of dividends. Indexes calculated on month-end basis.\\n\\n43\\n\\n$2,495.00\\n$ 129.82\\n$ 75.88\\n\\n$771.00\\n$ 79.67\\n$ 45.49\\n\\n$1,539.00\\n$ 106.07\\n$ 71.41\\n\\nForm 10-K\\n\\n1/21/99\",\"name\":\"fintabnet.NVDA_2010_page_108__100dpi_none\",\"page_id\":\"fintabnet.NVDA_2010_page_108\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"NVDA_2010_page_108\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[95.8,781.0,729.2,828.5],\"block_orders\":[28,29,31,32,33,34,35,36,37,38,39,40,43,44,45],\"cells\":null}],\"text\":\"The following graph compares the cumulative total stockholder return for our common stock, the\\nS & P 500 Index and the S & P 500 Semiconductors Index for the period commencing with our initial\\npublic offering through the year ended January 31, 2010. The graph assumes that $100 was invested at\\nour initial public offering on January 21, 1999 in our common stock or on December 31, 1998 in each\\nof the S & P 500 Index and the S & P Semiconductors Index. Total return assumes reinvestment of\\ndividends in each of the indices indicated. We have never paid cash dividends on our common stock.\\nOur results are calculated on fiscal year-end basis and each of the S & P 500 Index and the S & P\\nSemiconductors Index are calculated on month-end basis. Total return is based on historical results and\\nis not intended to indicate future performance.\\n\\nCOMPARISON OF 11 YEAR CUMULATIVE TOTAL RETURN*\\nAmong NVIDIA Corporation, The S&P 500 Index\\nAnd The S&P Semiconductors Index\\n\\n$3,000\\n\\n$2,500\\n\\n$2,000\\n\\n$1,500\\n\\n$1,000\\n\\n$500\\n\\n$0\\n\\n1/31/99\\n\\n1/30/00\\n\\n1/28/01\\n\\n1/27/02\\n\\n1/24/03\\n\\n1/25/04\\n\\nNVIDIA Corporation\\n\\n*\\n\\n1/30/05\\n\\n1/29/06\\n\\n1/28/07\\n\\n1/27/08\\n\\n1/25/09\\n\\n1/31/10\\n\\n31MAR201002431774\\n\\nS&P Semiconductors\\n\\nS&P 500\\n\\n$100 invested on 1/21/99 in stock or 12/31/98 in index, including reinvestment of dividends. Indexes\\ncalculated on month-end basis.\\n\\nCopyright 2010 S&P, a division of The McGraw-Hill Companies Inc. All rights reserved.\\n\\n1/21/1999 1/31/1999 1/30/2000 1/28/2001 1/27/2002 1/24/2003 1/25/2004 1/30/2005 1/29/2006 1/28/2007 1/27/2008 1/25/2009 1/31/2010\\n\\nNVIDIA Corporation .\\nS&P 500 . . . . . . . .\\nS&P Semiconductors .\\n\\n*\\n\\n$100.00\\n$100.00\\n$100.00\\n\\n$158.33\\n$104.18\\n$119.64\\n\\n$311.46\\n$114.96\\n$180.33\\n\\n$846.88\\n$113.93\\n$145.17\\n\\n$2,182.33\\n$ 95.53\\n$ 112.96\\n\\n$339.00\\n$ 73.54\\n$ 50.00\\n\\n$769.67\\n$ 98.97\\n$ 99.52\\n\\n$762.67\\n$105.13\\n$ 74.79\\n\\n$1,541.67\\n$ 116.05\\n$ 86.48\\n\\n$2,098.00\\n$ 132.89\\n$ 81.43\\n\\n$100 invested on 1/21/99 in stock or 12/31/98 in index, including reinvestment of dividends. Indexes calculated on month-end basis.\\n\\n43\\n\\n$2,495.00\\n$ 129.82\\n$ 75.88\\n\\n$771.00\\n$ 79.67\\n$ 45.49\\n\\n$1,539.00\\n$ 106.07\\n$ 71.41\\n\\nForm 10-K\\n\\n1/21/99\"},\"name\":\"fintabnet.NVDA_2010_page_108__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":52303,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:NVDA_2010\",\"dpi\":100,\"gt_sha256\":\"3d300de6590f0c74d3b66c767188da664bc513334f66549bd90c59f91e4a413b\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NVDA_2010_page_108__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.NVDA_2010_page_108\",\"pdf_sha256\":\"1c56b4691f37e998f1a0af624f616b7892317a08e7a36e7e186e996c63f6cc28\",\"px\":[825,1075],\"scan\":{\"render\":\"00003ffc3ffc3ff007e02000222004483d303ffc3df93ffd3ff0000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"NVDA_2010_page_108\",\"src\":{\"file_sha256\":\"355225ce9f9eb86fb3893cf267625edae6e04a1ce92e2912674ce6a5cf411d64\",\"render\":\"00003ffc3ffc3ff007e02010222024483d303ffc3db93ffd3fe0000000000000\",\"text\":\"fdfb65356e12b0745ea25efdffbfdb8bb5f83791fa3222e0c9db0aead0ab529a\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"1c56b4691f37e998f1a0af624f616b7892317a08e7a36e7e186e996c63f6cc28\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/1c56b4691f37e998f1a0af624f616b7892317a08e7a36e7e186e996c63f6cc28.pdf","asset_sha256":"1c56b4691f37e998f1a0af624f616b7892317a08e7a36e7e186e996c63f6cc28","document_id":"fintabnet:NVDA_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NVDA_2010_page_108\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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8—Goodwill\"},{\"bbox\":[80.9,133.1,283.1,149.2],\"lines\":[{\"bbox\":[80.9,133.1,283.1,149.2],\"text\":\"The carrying amount of goodwill is as follows:\"}],\"order\":3,\"text\":\"The carrying amount of goodwill is as follows:\"},{\"bbox\":[383.6,148.5,478.3,178.7],\"lines\":[{\"bbox\":[383.6,148.5,477.7,158.7],\"text\":\"January 31, January 25,\"},{\"bbox\":[396.3,158.6,412.6,166.3],\"text\":\"2010\"},{\"bbox\":[449.2,156.9,465.4,164.6],\"text\":\"2009\"},{\"bbox\":[405.1,169.2,457.5,178.1],\"text\":\"(In thousands)\"}],\"order\":4,\"text\":\"January 31, January 25,\\n2010\\n2009\\n(In thousands)\"},{\"bbox\":[102.6,182.3,375.6,284.5],\"lines\":[{\"bbox\":[102.6,182.3,372.9,200.5],\"text\":\"PortalPlayer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[103.0,194.2,373.3,212.5],\"text\":\"3dfx . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[103.4,206.2,373.7,224.5],\"text\":\"Mental Images . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[103.7,218.2,374.1,236.5],\"text\":\"MediaQ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[104.1,230.2,374.5,248.5],\"text\":\"ULi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[104.5,242.2,374.8,260.5],\"text\":\"Hybrid Graphics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[104.9,254.2,375.2,272.5],\"text\":\"Ageia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[105.3,266.2,375.6,284.5],\"text\":\"Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":5,\"text\":\"PortalPlayer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n3dfx . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMental Images . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMediaQ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nULi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nHybrid Graphics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAgeia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[386.3,180.6,426.8,275.4],\"lines\":[{\"bbox\":[386.3,180.6,424.1,191.4],\"text\":\"$104,896\"},{\"bbox\":[396.7,192.6,424.5,203.1],\"text\":\"75,326\"},{\"bbox\":[397.1,204.6,424.9,215.1],\"text\":\"59,252\"},{\"bbox\":[397.5,216.6,425.3,227.1],\"text\":\"35,167\"},{\"bbox\":[397.9,228.6,425.7,239.0],\"text\":\"31,115\"},{\"bbox\":[398.2,240.6,426.0,251.0],\"text\":\"27,906\"},{\"bbox\":[398.6,252.6,426.4,263.0],\"text\":\"19,198\"},{\"bbox\":[399.0,264.6,426.8,275.0],\"text\":\"16,984\"}],\"order\":6,\"text\":\"$104,896\\n75,326\\n59,252\\n35,167\\n31,115\\n27,906\\n19,198\\n16,984\"},{\"bbox\":[439.2,178.9,479.7,273.6],\"lines\":[{\"bbox\":[439.2,178.9,477.0,189.7],\"text\":\"$104,896\"},{\"bbox\":[449.6,190.9,477.4,201.4],\"text\":\"75,326\"},{\"bbox\":[450.0,202.9,477.8,213.4],\"text\":\"59,252\"},{\"bbox\":[450.4,214.9,478.2,225.4],\"text\":\"35,167\"},{\"bbox\":[450.8,226.9,478.5,237.3],\"text\":\"31,115\"},{\"bbox\":[451.1,238.9,478.9,249.3],\"text\":\"27,906\"},{\"bbox\":[451.5,250.9,479.3,261.3],\"text\":\"19,198\"},{\"bbox\":[451.9,262.9,479.7,273.3],\"text\":\"16,984\"}],\"order\":7,\"text\":\"$104,896\\n75,326\\n59,252\\n35,167\\n31,115\\n27,906\\n19,198\\n16,984\"},{\"bbox\":[115.8,282.2,376.1,300.2],\"lines\":[{\"bbox\":[115.8,282.2,376.1,300.2],\"text\":\"Total goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":8,\"text\":\"Total goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[389.5,280.6,427.3,291.3],\"lines\":[{\"bbox\":[389.5,280.6,427.3,291.3],\"text\":\"$369,844\"}],\"order\":9,\"text\":\"$369,844\"},{\"bbox\":[442.4,278.8,480.2,289.6],\"lines\":[{\"bbox\":[442.4,278.8,480.2,289.6],\"text\":\"$369,844\"}],\"order\":10,\"text\":\"$369,844\"},{\"bbox\":[66.6,301.1,521.8,421.2],\"lines\":[{\"bbox\":[86.6,301.4,511.5,324.6],\"text\":\"Goodwill is subject to our annual impairment test during the fourth quarter of our fiscal year, or\"},{\"bbox\":[67.0,313.1,519.1,337.3],\"text\":\"earlier if indicators of potential impairment exist, using a fair value-based approach. We completed our\"},{\"bbox\":[67.4,325.5,507.1,349.3],\"text\":\"most recent annual impairment test during the fourth quarter of fiscal year 2010 and concluded that\"},{\"bbox\":[67.7,337.6,504.6,361.2],\"text\":\"there was no impairment. In computing fair value of our reporting units, we use estimates of future\"},{\"bbox\":[68.1,349.4,512.0,373.2],\"text\":\"revenues, costs and cash flows from such units. This assessment is based upon a discounted cash flow\"},{\"bbox\":[68.5,361.8,499.6,385.2],\"text\":\"analysis and analysis of our market capitalization. The estimate of cash flow is based upon, among\"},{\"bbox\":[68.9,373.1,520.2,397.2],\"text\":\"other things, certain assumptions about expected future operating performance such as revenue growth\"},{\"bbox\":[69.3,385.2,516.8,409.2],\"text\":\"rates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates,\"},{\"bbox\":[69.7,398.2,487.7,421.2],\"text\":\"future economic and market conditions, and determination of appropriate market comparables.\"}],\"order\":11,\"text\":\"Goodwill is subject to our annual impairment test during the fourth quarter of our fiscal year, or\\nearlier if indicators of potential impairment exist, using a fair value-based approach. We completed our\\nmost recent annual impairment test during the fourth quarter of fiscal year 2010 and concluded that\\nthere was no impairment. In computing fair value of our reporting units, we use estimates of future\\nrevenues, costs and cash flows from such units. This assessment is based upon a discounted cash flow\\nanalysis and analysis of our market capitalization. The estimate of cash flow is based upon, among\\nother things, certain assumptions about expected future operating performance such as revenue growth\\nrates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates,\\nfuture economic and market conditions, and determination of appropriate market comparables.\"},{\"bbox\":[70.3,415.3,517.3,487.2],\"lines\":[{\"bbox\":[90.2,416.5,478.4,438.6],\"text\":\"The amount of goodwill allocated to our graphics processing unit, or GPU, business, the\"},{\"bbox\":[70.6,427.4,510.9,451.2],\"text\":\"professional solutions business, or PSB, the media and communications processor, or MCP, business,\"},{\"bbox\":[71.0,440.0,492.5,463.2],\"text\":\"and the consumer products business, or CPB segments as of January 31, 2010 was $86.9 million,\"},{\"bbox\":[71.4,451.3,516.9,475.2],\"text\":\"$95.1 million, $46.2 million and $141.6 million, respectively. Please refer to Note 17 of these Notes to\"},{\"bbox\":[71.8,467.5,385.7,487.2],\"text\":\"the Consolidated Financial Statements for further segment information.\"}],\"order\":12,\"text\":\"The amount of goodwill allocated to our graphics processing unit, or GPU, business, the\\nprofessional solutions business, or PSB, the media and communications processor, or MCP, business,\\nand the consumer products business, or CPB segments as of January 31, 2010 was $86.9 million,\\n$95.1 million, $46.2 million and $141.6 million, respectively. Please refer to Note 17 of these Notes to\\nthe Consolidated Financial Statements for further segment information.\"},{\"bbox\":[299.7,703.4,315.0,713.5],\"lines\":[{\"bbox\":[299.7,703.4,315.0,713.5],\"text\":\"100\"}],\"order\":13,\"text\":\"100\"}],\"doc\":\"fintabnet:NVDA_2010\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"NVIDIA CORPORATION AND SUBSIDIARIES\\n\\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)\\n\\nNote 8—Goodwill\\n\\nThe carrying amount of goodwill is as follows:\\n\\nJanuary 31, January 25,\\n2010\\n2009\\n(In thousands)\\n\\nPortalPlayer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n3dfx . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMental Images . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMediaQ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nULi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nHybrid Graphics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAgeia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$104,896\\n75,326\\n59,252\\n35,167\\n31,115\\n27,906\\n19,198\\n16,984\\n\\n$104,896\\n75,326\\n59,252\\n35,167\\n31,115\\n27,906\\n19,198\\n16,984\\n\\nTotal goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$369,844\\n\\n$369,844\\n\\nGoodwill is subject to our annual impairment test during the fourth quarter of our fiscal year, or\\nearlier if indicators of potential impairment exist, using a fair value-based approach. We completed our\\nmost recent annual impairment test during the fourth quarter of fiscal year 2010 and concluded that\\nthere was no impairment. In computing fair value of our reporting units, we use estimates of future\\nrevenues, costs and cash flows from such units. This assessment is based upon a discounted cash flow\\nanalysis and analysis of our market capitalization. The estimate of cash flow is based upon, among\\nother things, certain assumptions about expected future operating performance such as revenue growth\\nrates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates,\\nfuture economic and market conditions, and determination of appropriate market comparables.\\n\\nThe amount of goodwill allocated to our graphics processing unit, or GPU, business, the\\nprofessional solutions business, or PSB, the media and communications processor, or MCP, business,\\nand the consumer products business, or CPB segments as of January 31, 2010 was $86.9 million,\\n$95.1 million, $46.2 million and $141.6 million, respectively. Please refer to Note 17 of these Notes to\\nthe Consolidated Financial Statements for further segment information.\\n\\n100\",\"name\":\"fintabnet.NVDA_2010_page_165__72dpi_medium\",\"page_id\":\"fintabnet.NVDA_2010_page_165\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.846,\"source\":\"fintabnet\",\"source_id\":\"NVDA_2010_page_165\",\"stack\":[{\"deg\":1.846,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.936},{\"op\":\"noise\",\"sigma\":5.222},{\"method\":\"global\",\"offset\":0.075,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[101.5,146.5,481.9,300.6],\"block_orders\":[4,5,6,7,8,9,10],\"cells\":null}],\"text\":\"NVIDIA CORPORATION AND SUBSIDIARIES\\n\\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued)\\n\\nNote 8—Goodwill\\n\\nThe carrying amount of goodwill is as follows:\\n\\nJanuary 31, January 25,\\n2010\\n2009\\n(In thousands)\\n\\nPortalPlayer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n3dfx . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMental Images . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMediaQ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nULi . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nHybrid Graphics . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAgeia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$104,896\\n75,326\\n59,252\\n35,167\\n31,115\\n27,906\\n19,198\\n16,984\\n\\n$104,896\\n75,326\\n59,252\\n35,167\\n31,115\\n27,906\\n19,198\\n16,984\\n\\nTotal goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$369,844\\n\\n$369,844\\n\\nGoodwill is subject to our annual impairment test during the fourth quarter of our fiscal year, or\\nearlier if indicators of potential impairment exist, using a fair value-based approach. We completed our\\nmost recent annual impairment test during the fourth quarter of fiscal year 2010 and concluded that\\nthere was no impairment. In computing fair value of our reporting units, we use estimates of future\\nrevenues, costs and cash flows from such units. This assessment is based upon a discounted cash flow\\nanalysis and analysis of our market capitalization. The estimate of cash flow is based upon, among\\nother things, certain assumptions about expected future operating performance such as revenue growth\\nrates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates,\\nfuture economic and market conditions, and determination of appropriate market comparables.\\n\\nThe amount of goodwill allocated to our graphics processing unit, or GPU, business, the\\nprofessional solutions business, or PSB, the media and communications processor, or MCP, business,\\nand the consumer products business, or CPB segments as of January 31, 2010 was $86.9 million,\\n$95.1 million, $46.2 million and $141.6 million, respectively. Please refer to Note 17 of these Notes to\\nthe Consolidated Financial Statements for further segment information.\\n\\n100\"},\"name\":\"fintabnet.NVDA_2010_page_165__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":9246,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:NVDA_2010\",\"dpi\":72,\"gt_sha256\":\"4496107271ced1710659d8213e9bf11cad5a8ff10c818602838ca9815d1b0ebf\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NVDA_2010_page_165__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.NVDA_2010_page_165\",\"pdf_sha256\":\"e7cd1b7caea701a5f29159a867a581f0c97e5c588e1323889d39fd76910519ac\",\"px\":[594,774],\"scan\":{\"render\":\"00001ff034000038383818383ffc3ffc3ffc3ffc000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"NVDA_2010_page_165\",\"src\":{\"file_sha256\":\"4747950238c69405841a26e4b50a3d12a8ae54f31f8381ecce7d052427aa2afa\",\"render\":\"00000ff034001038181818383ffc3ffc3ff83ffc000000000000000000000000\",\"text\":\"b6b21393f17d5e77dbe09393be72b83bfdd52529642ecb11cbb19c66baccd6de\"},\"stack\":[{\"deg\":1.846,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.936},{\"op\":\"noise\",\"sigma\":5.222},{\"method\":\"global\",\"offset\":0.075,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e7cd1b7caea701a5f29159a867a581f0c97e5c588e1323889d39fd76910519ac\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e7cd1b7caea701a5f29159a867a581f0c97e5c588e1323889d39fd76910519ac.pdf","asset_sha256":"e7cd1b7caea701a5f29159a867a581f0c97e5c588e1323889d39fd76910519ac","document_id":"fintabnet:NVDA_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NVDA_2010_page_165\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NVDA_2012_page_204\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NVDA_2012\",\"ground_truth\":{\"blocks\":[{\"bbox\":[214.7,24.5,610.2,73.2],\"lines\":[{\"bbox\":[266.2,24.5,558.7,39.9],\"text\":\"NVIDIA CORPORATION AND SUBSIDIARIES\"},{\"bbox\":[214.7,41.2,610.2,56.6],\"text\":\"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[376.6,57.9,448.3,73.2],\"text\":\"(Continued)\"}],\"order\":0,\"text\":\"NVIDIA CORPORATION AND SUBSIDIARIES\\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\\n(Continued)\"},{\"bbox\":[363.7,90.6,393.1,106.0],\"lines\":[{\"bbox\":[363.7,90.6,393.1,106.0],\"text\":\"GPU\"}],\"order\":1,\"text\":\"GPU\"},{\"bbox\":[447.6,90.6,473.1,106.0],\"lines\":[{\"bbox\":[447.6,90.6,473.1,106.0],\"text\":\"PSB\"}],\"order\":2,\"text\":\"PSB\"},{\"bbox\":[528.5,90.6,556.3,106.0],\"lines\":[{\"bbox\":[528.5,90.6,556.3,106.0],\"text\":\"CPB\"}],\"order\":3,\"text\":\"CPB\"},{\"bbox\":[596.0,90.6,652.8,106.0],\"lines\":[{\"bbox\":[596.0,90.6,652.8,106.0],\"text\":\"All Other\"}],\"order\":4,\"text\":\"All Other\"},{\"bbox\":[679.1,90.6,757.0,106.0],\"lines\":[{\"bbox\":[679.1,90.6,757.0,106.0],\"text\":\"Consolidated\"}],\"order\":5,\"text\":\"Consolidated\"},{\"bbox\":[514.2,111.4,594.1,126.8],\"lines\":[{\"bbox\":[514.2,111.4,594.1,126.8],\"text\":\"(In thousands)\"}],\"order\":6,\"text\":\"(In thousands)\"},{\"bbox\":[61.1,132.3,240.3,147.6],\"lines\":[{\"bbox\":[61.1,132.3,240.3,147.6],\"text\":\"Year Ended January 29, 2012:\"}],\"order\":7,\"text\":\"Year Ended January 29, 2012:\"},{\"bbox\":[61.1,153.1,412.0,231.0],\"lines\":[{\"bbox\":[61.1,153.1,411.9,168.6],\"text\":\"Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,542,430\"},{\"bbox\":[61.1,173.9,412.0,189.5],\"text\":\"Depreciation and amortization expense . . . . . . . . $ 118,644\"},{\"bbox\":[61.1,194.8,412.0,210.3],\"text\":\"Operating income (loss) . . . . . . . . . . . . . . . . . . . . $ 528,242\"},{\"bbox\":[61.1,215.6,242.1,231.0],\"text\":\"Year Ended January 30, 2011:\"}],\"order\":8,\"text\":\"Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,542,430\\nDepreciation and amortization expense . . . . . . . . $ 118,644\\nOperating income (loss) . . . . . . . . . . . . . . . . . . . . $ 528,242\\nYear Ended January 30, 2011:\"},{\"bbox\":[426.4,153.1,433.3,210.2],\"lines\":[{\"bbox\":[426.4,153.1,433.3,168.5],\"text\":\"$\"},{\"bbox\":[426.4,173.9,433.3,189.3],\"text\":\"$\"},{\"bbox\":[426.4,194.8,433.3,210.2],\"text\":\"$\"}],\"order\":9,\"text\":\"$\\n$\\n$\"},{\"bbox\":[448.8,153.1,494.0,210.2],\"lines\":[{\"bbox\":[448.8,153.1,494.0,168.5],\"text\":\"864,334\"},{\"bbox\":[455.8,173.9,494.0,189.3],\"text\":\"22,564\"},{\"bbox\":[448.8,194.8,494.0,210.2],\"text\":\"327,970\"}],\"order\":10,\"text\":\"864,334\\n22,564\\n327,970\"},{\"bbox\":[508.3,153.1,580.5,210.2],\"lines\":[{\"bbox\":[508.3,153.1,575.9,168.5],\"text\":\"$ 591,166\"},{\"bbox\":[508.3,173.9,515.3,189.3],\"text\":\"$\"},{\"bbox\":[537.7,173.9,575.9,189.3],\"text\":\"62,997\"},{\"bbox\":[508.3,194.7,580.5,210.2],\"text\":\"$ (207,913)\"}],\"order\":11,\"text\":\"$ 591,166\\n$\\n62,997\\n$ (207,913)\"},{\"bbox\":[644.0,153.1,657.8,210.2],\"lines\":[{\"bbox\":[644.0,153.1,657.8,168.5],\"text\":\"—\"},{\"bbox\":[644.0,173.9,657.8,189.3],\"text\":\"—\"},{\"bbox\":[644.0,194.8,657.8,210.2],\"text\":\"—\"}],\"order\":12,\"text\":\"—\\n—\\n—\"},{\"bbox\":[672.2,153.1,679.2,210.2],\"lines\":[{\"bbox\":[672.2,153.1,679.2,168.5],\"text\":\"$\"},{\"bbox\":[672.2,173.9,679.2,189.3],\"text\":\"$\"},{\"bbox\":[672.2,194.8,679.2,210.2],\"text\":\"$\"}],\"order\":13,\"text\":\"$\\n$\\n$\"},{\"bbox\":[707.8,153.1,763.4,210.2],\"lines\":[{\"bbox\":[707.8,153.1,763.4,168.5],\"text\":\"3,997,930\"},{\"bbox\":[718.3,173.9,763.4,189.3],\"text\":\"204,205\"},{\"bbox\":[718.3,194.8,763.4,210.2],\"text\":\"648,299\"}],\"order\":14,\"text\":\"3,997,930\\n204,205\\n648,299\"},{\"bbox\":[61.1,236.4,412.0,314.3],\"lines\":[{\"bbox\":[61.1,236.4,411.9,252.0],\"text\":\"Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,527,144\"},{\"bbox\":[61.1,257.3,412.0,272.8],\"text\":\"Depreciation and amortization expense . . . . . . . . $ 126,536\"},{\"bbox\":[61.1,278.1,351.4,293.6],\"text\":\"Operating income (loss) . . . . . . . . . . . . . . . . . . . . $\"},{\"bbox\":[373.8,278.1,412.0,293.5],\"text\":\"30,154\"},{\"bbox\":[61.1,298.9,242.1,314.3],\"text\":\"Year Ended January 31, 2010:\"}],\"order\":15,\"text\":\"Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,527,144\\nDepreciation and amortization expense . . . . . . . . $ 126,536\\nOperating income (loss) . . . . . . . . . . . . . . . . . . . . $\\n30,154\\nYear Ended January 31, 2010:\"},{\"bbox\":[426.4,236.4,433.3,293.5],\"lines\":[{\"bbox\":[426.4,236.4,433.3,251.8],\"text\":\"$\"},{\"bbox\":[426.4,257.3,433.3,272.7],\"text\":\"$\"},{\"bbox\":[426.4,278.1,433.3,293.5],\"text\":\"$\"}],\"order\":16,\"text\":\"$\\n$\\n$\"},{\"bbox\":[448.8,236.4,494.0,293.5],\"lines\":[{\"bbox\":[448.8,236.4,494.0,251.8],\"text\":\"818,552\"},{\"bbox\":[455.8,257.3,494.0,272.7],\"text\":\"26,711\"},{\"bbox\":[448.8,278.1,494.0,293.5],\"text\":\"321,944\"}],\"order\":17,\"text\":\"818,552\\n26,711\\n321,944\"},{\"bbox\":[508.3,236.4,597.2,293.5],\"lines\":[{\"bbox\":[508.3,236.4,575.9,251.8],\"text\":\"$ 197,613\"},{\"bbox\":[508.3,257.3,515.3,272.7],\"text\":\"$\"},{\"bbox\":[537.7,257.3,575.9,272.7],\"text\":\"33,742\"},{\"bbox\":[508.3,278.0,597.2,293.5],\"text\":\"$ (153,351) $\"}],\"order\":18,\"text\":\"$ 197,613\\n$\\n33,742\\n$ (153,351) $\"},{\"bbox\":[619.7,236.4,657.8,293.5],\"lines\":[{\"bbox\":[644.0,236.4,657.8,251.8],\"text\":\"—\"},{\"bbox\":[644.0,257.3,657.8,272.7],\"text\":\"—\"},{\"bbox\":[619.7,278.1,657.8,293.5],\"text\":\"57,000\"}],\"order\":19,\"text\":\"—\\n—\\n57,000\"},{\"bbox\":[672.2,236.4,679.2,293.5],\"lines\":[{\"bbox\":[672.2,236.4,679.2,251.8],\"text\":\"$\"},{\"bbox\":[672.2,257.3,679.2,272.7],\"text\":\"$\"},{\"bbox\":[672.2,278.1,679.2,293.5],\"text\":\"$\"}],\"order\":20,\"text\":\"$\\n$\\n$\"},{\"bbox\":[707.8,236.4,763.4,293.5],\"lines\":[{\"bbox\":[707.8,236.4,763.4,251.8],\"text\":\"3,543,309\"},{\"bbox\":[718.3,257.3,763.4,272.7],\"text\":\"186,989\"},{\"bbox\":[718.3,278.1,763.4,293.5],\"text\":\"255,747\"}],\"order\":21,\"text\":\"3,543,309\\n186,989\\n255,747\"},{\"bbox\":[61.1,319.8,433.3,377.0],\"lines\":[{\"bbox\":[61.1,319.8,433.3,335.3],\"text\":\"Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,660,176 $\"},{\"bbox\":[61.1,340.6,433.3,356.1],\"text\":\"Depreciation and amortization expense . . . . . . . . $ 139,298 $\"},{\"bbox\":[61.1,361.4,433.3,377.0],\"text\":\"Operating income (loss) . . . . . . . . . . . . . . . . . . . . $ (13,487) $\"}],\"order\":22,\"text\":\"Revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,660,176 $\\nDepreciation and amortization expense . . . . . . . . $ 139,298 $\\nOperating income (loss) . . . . . . . . . . . . . . . . . . . . $ (13,487) $\"},{\"bbox\":[448.8,319.8,494.0,376.8],\"lines\":[{\"bbox\":[448.8,319.8,494.0,335.2],\"text\":\"510,223\"},{\"bbox\":[455.8,340.6,494.0,356.0],\"text\":\"28,443\"},{\"bbox\":[448.8,361.4,493.9,376.8],\"text\":\"148,953\"}],\"order\":23,\"text\":\"510,223\\n28,443\\n148,953\"},{\"bbox\":[508.3,319.8,515.3,376.8],\"lines\":[{\"bbox\":[508.3,319.8,515.3,335.2],\"text\":\"$\"},{\"bbox\":[508.3,340.6,515.3,356.0],\"text\":\"$\"},{\"bbox\":[508.3,361.4,515.3,376.8],\"text\":\"$\"}],\"order\":24,\"text\":\"$\\n$\\n$\"},{\"bbox\":[530.8,319.8,679.2,376.8],\"lines\":[{\"bbox\":[530.8,319.8,575.9,335.2],\"text\":\"156,046\"},{\"bbox\":[644.0,319.8,679.2,335.2],\"text\":\"— $\"},{\"bbox\":[537.7,340.6,575.9,356.0],\"text\":\"28,923\"},{\"bbox\":[644.0,340.6,679.2,356.0],\"text\":\"— $\"},{\"bbox\":[533.1,361.4,679.2,376.8],\"text\":\"(94,170) $ (140,241) $\"}],\"order\":25,\"text\":\"156,046\\n— $\\n28,923\\n— $\\n(94,170) $ (140,241) $\"},{\"bbox\":[707.8,319.8,768.0,376.8],\"lines\":[{\"bbox\":[707.8,319.8,763.4,335.2],\"text\":\"3,326,445\"},{\"bbox\":[718.3,340.6,763.4,356.0],\"text\":\"196,664\"},{\"bbox\":[720.6,361.4,768.0,376.8],\"text\":\"(98,945)\"}],\"order\":26,\"text\":\"3,326,445\\n196,664\\n(98,945)\"},{\"bbox\":[56.9,400.6,768.4,449.3],\"lines\":[{\"bbox\":[81.9,400.6,768.4,415.9],\"text\":\"Revenue by geographic region is allocated to individual countries based on the location to which the products are initially\"},{\"bbox\":[56.9,417.2,768.1,432.6],\"text\":\"billed even if our customers’ revenue is attributable to end customers that are located in a different location. The following tables\"},{\"bbox\":[56.9,433.9,753.2,449.3],\"text\":\"summarize information pertaining to our revenue from customers based on invoicing address in different geographic regions:\"}],\"order\":27,\"text\":\"Revenue by geographic region is allocated to individual countries based on the location to which the products are initially\\nbilled even if our customers’ revenue is attributable to end customers that are located in a different location. The following tables\\nsummarize information pertaining to our revenue from customers based on invoicing address in different geographic regions:\"},{\"bbox\":[61.1,517.0,476.4,678.3],\"lines\":[{\"bbox\":[64.6,517.0,120.1,532.4],\"text\":\"Revenue:\"},{\"bbox\":[61.1,537.8,476.4,553.3],\"text\":\"China . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\"},{\"bbox\":[61.1,558.7,461.1,574.2],\"text\":\"Taiwan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.1,579.5,461.1,595.0],\"text\":\"Other Asia Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.1,600.3,461.1,615.8],\"text\":\"Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.1,621.2,461.1,636.7],\"text\":\"United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.1,642.0,461.1,657.5],\"text\":\"Other Americas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.1,662.8,476.4,678.3],\"text\":\"Total revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\"}],\"order\":28,\"text\":\"Revenue:\\nChina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\nTaiwan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther Asia Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEurope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther Americas . . . . . . . . . . . . . . . . . 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30,\\n2011\"},{\"bbox\":[502.3,537.8,557.8,678.2],\"lines\":[{\"bbox\":[512.7,537.8,557.8,553.2],\"text\":\"941,811\"},{\"bbox\":[502.3,558.7,557.8,574.0],\"text\":\"1,137,175\"},{\"bbox\":[512.7,579.5,557.8,594.9],\"text\":\"730,975\"},{\"bbox\":[512.7,600.3,557.8,615.7],\"text\":\"296,591\"},{\"bbox\":[512.7,621.2,557.8,636.5],\"text\":\"596,264\"},{\"bbox\":[512.7,642.0,557.8,657.4],\"text\":\"295,114\"},{\"bbox\":[502.3,662.8,557.8,678.2],\"text\":\"3,997,930\"}],\"order\":31,\"text\":\"941,811\\n1,137,175\\n730,975\\n296,591\\n596,264\\n295,114\\n3,997,930\"},{\"bbox\":[572.2,517.0,660.6,678.2],\"lines\":[{\"bbox\":[576.7,517.0,656.6,532.4],\"text\":\"(In thousands)\"},{\"bbox\":[572.2,537.8,579.2,553.2],\"text\":\"$\"},{\"bbox\":[605.1,537.8,660.6,553.2],\"text\":\"1,223,199\"},{\"bbox\":[615.5,558.7,660.6,574.0],\"text\":\"936,797\"},{\"bbox\":[615.5,579.5,660.6,594.9],\"text\":\"519,473\"},{\"bbox\":[615.5,600.3,660.6,615.7],\"text\":\"261,421\"},{\"bbox\":[615.5,621.2,660.6,636.5],\"text\":\"297,265\"},{\"bbox\":[615.5,642.0,660.6,657.4],\"text\":\"305,154\"},{\"bbox\":[572.2,662.8,579.2,678.2],\"text\":\"$\"},{\"bbox\":[605.1,662.8,660.6,678.2],\"text\":\"3,543,309\"}],\"order\":32,\"text\":\"(In thousands)\\n$\\n1,223,199\\n936,797\\n519,473\\n261,421\\n297,265\\n305,154\\n$\\n3,543,309\"},{\"bbox\":[684.3,482.3,754.5,511.5],\"lines\":[{\"bbox\":[684.3,482.3,754.5,497.6],\"text\":\"January 31,\"},{\"bbox\":[705.6,496.2,733.3,511.5],\"text\":\"2010\"}],\"order\":33,\"text\":\"January 31,\\n2010\"},{\"bbox\":[675.0,537.8,681.9,553.2],\"lines\":[{\"bbox\":[675.0,537.8,681.9,553.2],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[675.0,662.8,681.9,678.2],\"lines\":[{\"bbox\":[675.0,662.8,681.9,678.2],\"text\":\"$\"}],\"order\":35,\"text\":\"$\"},{\"bbox\":[707.8,537.8,763.4,678.2],\"lines\":[{\"bbox\":[707.8,537.8,763.4,553.2],\"text\":\"1,304,196\"},{\"bbox\":[718.3,558.7,763.4,574.0],\"text\":\"883,137\"},{\"bbox\":[718.3,579.5,763.4,594.9],\"text\":\"406,286\"},{\"bbox\":[718.3,600.3,763.4,615.7],\"text\":\"203,760\"},{\"bbox\":[718.3,621.2,763.4,636.5],\"text\":\"248,793\"},{\"bbox\":[718.3,642.0,763.4,657.4],\"text\":\"280,273\"},{\"bbox\":[707.8,662.8,763.4,678.2],\"text\":\"3,326,445\"}],\"order\":36,\"text\":\"1,304,196\\n883,137\\n406,286\\n203,760\\n248,793\\n280,273\\n3,326,445\"},{\"bbox\":[56.9,702.0,764.2,734.0],\"lines\":[{\"bbox\":[81.9,702.0,764.2,717.3],\"text\":\"The following table presents summarized information for long-lived assets by geographic region. Long lived assets consist\"},{\"bbox\":[56.9,718.6,613.8,734.0],\"text\":\"of property and equipment and deposits and other assets and exclude goodwill and intangible assets.\"}],\"order\":37,\"text\":\"The following table presents summarized information for long-lived assets by geographic region. Long lived assets consist\\nof property and equipment and deposits and other assets and exclude goodwill and intangible assets.\"},{\"bbox\":[577.4,746.2,647.6,775.4],\"lines\":[{\"bbox\":[577.4,746.2,647.6,761.5],\"text\":\"January 29,\"},{\"bbox\":[598.6,760.0,626.4,775.4],\"text\":\"2012\"}],\"order\":38,\"text\":\"January 29,\\n2012\"},{\"bbox\":[61.1,780.9,573.6,942.2],\"lines\":[{\"bbox\":[64.6,780.9,170.7,796.3],\"text\":\"Long-lived assets:\"},{\"bbox\":[61.1,801.7,573.6,817.2],\"text\":\"United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\"},{\"bbox\":[61.1,822.6,558.3,838.1],\"text\":\"Taiwan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.1,843.4,558.3,858.9],\"text\":\"China . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.1,864.2,558.3,879.7],\"text\":\"India . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.1,885.1,558.3,900.6],\"text\":\"Europe . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.1,905.9,558.3,921.4],\"text\":\"Other Asia Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[61.1,926.7,573.6,942.2],\"text\":\"Total long-lived assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\"}],\"order\":39,\"text\":\"Long-lived assets:\\nUnited States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\nTaiwan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nChina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIndia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEurope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther Asia Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal long-lived assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\"},{\"bbox\":[405.6,1034.5,419.4,1049.8],\"lines\":[{\"bbox\":[405.6,1034.5,419.4,1049.8],\"text\":\"98\"}],\"order\":40,\"text\":\"98\"},{\"bbox\":[682.9,746.2,753.1,775.4],\"lines\":[{\"bbox\":[682.9,746.2,753.1,761.5],\"text\":\"January 30,\"},{\"bbox\":[704.5,760.0,732.3,775.4],\"text\":\"2011\"}],\"order\":41,\"text\":\"January 30,\\n2011\"},{\"bbox\":[612.7,780.9,763.4,942.1],\"lines\":[{\"bbox\":[625.3,780.9,705.2,796.3],\"text\":\"(In thousands)\"},{\"bbox\":[612.7,801.7,679.2,817.1],\"text\":\"563,699 $\"},{\"bbox\":[718.3,801.7,763.4,817.1],\"text\":\"529,797\"},{\"bbox\":[619.7,822.6,657.8,837.9],\"text\":\"40,199\"},{\"bbox\":[725.2,822.6,763.4,837.9],\"text\":\"56,202\"},{\"bbox\":[619.7,843.4,657.8,858.8],\"text\":\"27,360\"},{\"bbox\":[725.2,843.4,763.4,858.8],\"text\":\"32,500\"},{\"bbox\":[619.7,864.2,657.8,879.6],\"text\":\"30,598\"},{\"bbox\":[725.2,864.2,763.4,879.6],\"text\":\"31,454\"},{\"bbox\":[619.7,885.1,657.8,900.4],\"text\":\"17,737\"},{\"bbox\":[732.2,885.1,763.4,900.4],\"text\":\"4,541\"},{\"bbox\":[637.0,905.9,657.8,921.3],\"text\":\"811\"},{\"bbox\":[742.6,905.9,763.4,921.3],\"text\":\"787\"},{\"bbox\":[612.7,926.7,679.2,942.1],\"text\":\"680,404 $\"},{\"bbox\":[718.3,926.7,763.4,942.1],\"text\":\"655,281\"}],\"order\":42,\"text\":\"(In thousands)\\n563,699 $\\n529,797\\n40,199\\n56,202\\n27,360\\n32,500\\n30,598\\n31,454\\n17,737\\n4,541\\n811\\n787\\n680,404 $\\n655,281\"}],\"doc\":\"fintabnet:NVDA_2012\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"NVIDIA CORPORATION AND SUBSIDIARIES\\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\\n(Continued)\\n\\nGPU\\n\\nPSB\\n\\nCPB\\n\\nAll Other\\n\\nConsolidated\\n\\n(In thousands)\\n\\nYear Ended January 29, 2012:\\n\\nRevenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,542,430\\nDepreciation and amortization expense . . . . . . . . $ 118,644\\nOperating income (loss) . . . . . . . . . . . . . . . . . . . . $ 528,242\\nYear Ended January 30, 2011:\\n\\n$\\n$\\n$\\n\\n864,334\\n22,564\\n327,970\\n\\n$ 591,166\\n$\\n62,997\\n$ (207,913)\\n\\n—\\n—\\n—\\n\\n$\\n$\\n$\\n\\n3,997,930\\n204,205\\n648,299\\n\\nRevenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,527,144\\nDepreciation and amortization expense . . . . . . . . $ 126,536\\nOperating income (loss) . . . . . . . . . . . . . . . . . . . . $\\n30,154\\nYear Ended January 31, 2010:\\n\\n$\\n$\\n$\\n\\n818,552\\n26,711\\n321,944\\n\\n$ 197,613\\n$\\n33,742\\n$ (153,351) $\\n\\n—\\n—\\n57,000\\n\\n$\\n$\\n$\\n\\n3,543,309\\n186,989\\n255,747\\n\\nRevenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,660,176 $\\nDepreciation and amortization expense . . . . . . . . $ 139,298 $\\nOperating income (loss) . . . . . . . . . . . . . . . . . . . . $ (13,487) $\\n\\n510,223\\n28,443\\n148,953\\n\\n$\\n$\\n$\\n\\n156,046\\n— $\\n28,923\\n— $\\n(94,170) $ (140,241) $\\n\\n3,326,445\\n196,664\\n(98,945)\\n\\nRevenue by geographic region is allocated to individual countries based on the location to which the products are initially\\nbilled even if our customers’ revenue is attributable to end customers that are located in a different location. The following tables\\nsummarize information pertaining to our revenue from customers based on invoicing address in different geographic regions:\\n\\nRevenue:\\nChina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\nTaiwan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther Asia Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEurope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther Americas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\nJanuary 29,\\n2012\\n\\nYear Ended\\nJanuary 30,\\n2011\\n\\n941,811\\n1,137,175\\n730,975\\n296,591\\n596,264\\n295,114\\n3,997,930\\n\\n(In thousands)\\n$\\n1,223,199\\n936,797\\n519,473\\n261,421\\n297,265\\n305,154\\n$\\n3,543,309\\n\\nJanuary 31,\\n2010\\n\\n$\\n\\n$\\n\\n1,304,196\\n883,137\\n406,286\\n203,760\\n248,793\\n280,273\\n3,326,445\\n\\nThe following table presents summarized information for long-lived assets by geographic region. Long lived assets consist\\nof property and equipment and deposits and other assets and exclude goodwill and intangible assets.\\n\\nJanuary 29,\\n2012\\n\\nLong-lived assets:\\nUnited States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\nTaiwan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nChina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIndia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEurope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther Asia Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal long-lived assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\n98\\n\\nJanuary 30,\\n2011\\n\\n(In thousands)\\n563,699 $\\n529,797\\n40,199\\n56,202\\n27,360\\n32,500\\n30,598\\n31,454\\n17,737\\n4,541\\n811\\n787\\n680,404 $\\n655,281\",\"name\":\"fintabnet.NVDA_2012_page_204__100dpi_none\",\"page_id\":\"fintabnet.NVDA_2012_page_204\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"NVDA_2012_page_204\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[61.1,462.8,763.4,678.4],\"block_orders\":[28,29,30,31,32,33,34,35,36],\"cells\":null}],\"text\":\"NVIDIA CORPORATION AND SUBSIDIARIES\\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\\n(Continued)\\n\\nGPU\\n\\nPSB\\n\\nCPB\\n\\nAll Other\\n\\nConsolidated\\n\\n(In thousands)\\n\\nYear Ended January 29, 2012:\\n\\nRevenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,542,430\\nDepreciation and amortization expense . . . . . . . . $ 118,644\\nOperating income (loss) . . . . . . . . . . . . . . . . . . . . $ 528,242\\nYear Ended January 30, 2011:\\n\\n$\\n$\\n$\\n\\n864,334\\n22,564\\n327,970\\n\\n$ 591,166\\n$\\n62,997\\n$ (207,913)\\n\\n—\\n—\\n—\\n\\n$\\n$\\n$\\n\\n3,997,930\\n204,205\\n648,299\\n\\nRevenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,527,144\\nDepreciation and amortization expense . . . . . . . . $ 126,536\\nOperating income (loss) . . . . . . . . . . . . . . . . . . . . $\\n30,154\\nYear Ended January 31, 2010:\\n\\n$\\n$\\n$\\n\\n818,552\\n26,711\\n321,944\\n\\n$ 197,613\\n$\\n33,742\\n$ (153,351) $\\n\\n—\\n—\\n57,000\\n\\n$\\n$\\n$\\n\\n3,543,309\\n186,989\\n255,747\\n\\nRevenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,660,176 $\\nDepreciation and amortization expense . . . . . . . . $ 139,298 $\\nOperating income (loss) . . . . . . . . . . . . . . . . . . . . $ (13,487) $\\n\\n510,223\\n28,443\\n148,953\\n\\n$\\n$\\n$\\n\\n156,046\\n— $\\n28,923\\n— $\\n(94,170) $ (140,241) $\\n\\n3,326,445\\n196,664\\n(98,945)\\n\\nRevenue by geographic region is allocated to individual countries based on the location to which the products are initially\\nbilled even if our customers’ revenue is attributable to end customers that are located in a different location. The following tables\\nsummarize information pertaining to our revenue from customers based on invoicing address in different geographic regions:\\n\\nRevenue:\\nChina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\nTaiwan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther Asia Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEurope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nUnited States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther Americas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal revenue. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\nJanuary 29,\\n2012\\n\\nYear Ended\\nJanuary 30,\\n2011\\n\\n941,811\\n1,137,175\\n730,975\\n296,591\\n596,264\\n295,114\\n3,997,930\\n\\n(In thousands)\\n$\\n1,223,199\\n936,797\\n519,473\\n261,421\\n297,265\\n305,154\\n$\\n3,543,309\\n\\nJanuary 31,\\n2010\\n\\n$\\n\\n$\\n\\n1,304,196\\n883,137\\n406,286\\n203,760\\n248,793\\n280,273\\n3,326,445\\n\\nThe following table presents summarized information for long-lived assets by geographic region. Long lived assets consist\\nof property and equipment and deposits and other assets and exclude goodwill and intangible assets.\\n\\nJanuary 29,\\n2012\\n\\nLong-lived assets:\\nUnited States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\nTaiwan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nChina . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIndia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEurope . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther Asia Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal long-lived assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\n98\\n\\nJanuary 30,\\n2011\\n\\n(In thousands)\\n563,699 $\\n529,797\\n40,199\\n56,202\\n27,360\\n32,500\\n30,598\\n31,454\\n17,737\\n4,541\\n811\\n787\\n680,404 $\\n655,281\"},\"name\":\"fintabnet.NVDA_2012_page_204__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":66878,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:NVDA_2012\",\"dpi\":100,\"gt_sha256\":\"4dd1d33bb0481accfdcc8c8f049f36291be8d8c427993d39aaae77ce9f5369b0\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NVDA_2012_page_204__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.NVDA_2012_page_204\",\"pdf_sha256\":\"29725aba50237fe4f6d86abc67f7a2bff42929cf7a9c25fbc2196849ff16dcff\",\"px\":[825,1075],\"scan\":{\"render\":\"07f001be79627962716271427ffe007e402a602a7ffe001e400a600a00020000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"NVDA_2012_page_204\",\"src\":{\"file_sha256\":\"55453edb5ac4a6f464ef3ad25806d153dc0437cbd4df00d6e823087041e96341\",\"render\":\"07e001fe79627962716271427ffe007e402a602a7ffe201e400a600a001e0000\",\"text\":\"bd73e3863b84f114be04d3ad7140c1e4c8cb654b657cdb4f5345bcce3ea42a75\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"29725aba50237fe4f6d86abc67f7a2bff42929cf7a9c25fbc2196849ff16dcff\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/29725aba50237fe4f6d86abc67f7a2bff42929cf7a9c25fbc2196849ff16dcff.pdf","asset_sha256":"29725aba50237fe4f6d86abc67f7a2bff42929cf7a9c25fbc2196849ff16dcff","document_id":"fintabnet:NVDA_2012","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NVDA_2012_page_204\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NWS_2016_page_150\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NWS_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[1064.7,318.3,1515.1,361.1],\"lines\":[{\"bbox\":[1064.7,318.3,1515.1,361.1],\"text\":\"NEWS CORPORATION\"}],\"order\":0,\"text\":\"NEWS CORPORATION\"},{\"bbox\":[689.5,389.1,1889.0,440.4],\"lines\":[{\"bbox\":[689.5,389.1,1889.0,440.4],\"text\":\"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\"}],\"order\":1,\"text\":\"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[336.6,485.1,2237.5,644.8],\"lines\":[{\"bbox\":[337.7,485.1,2237.5,544.8],\"text\":\"ultimately expected to be paid, however, the Company may need to accrue additional income tax expense and our\"},{\"bbox\":[337.2,535.1,2198.0,594.4],\"text\":\"liability may need to be adjusted as new information becomes known and as these tax examinations continue to\"},{\"bbox\":[336.6,585.1,1114.1,632.1],\"text\":\"progress, or as settlements or litigations occur.\"}],\"order\":2,\"text\":\"ultimately expected to be paid, however, the Company may need to accrue additional income tax expense and our\\nliability may need to be adjusted as new information becomes known and as these tax examinations continue to\\nprogress, or as settlements or litigations occur.\"},{\"bbox\":[334.3,688.2,2202.6,847.6],\"lines\":[{\"bbox\":[418.7,689.2,2202.6,747.6],\"text\":\"The following is a summary of major tax jurisdictions for which tax authorities may assert additional taxes\"},{\"bbox\":[334.9,738.2,2176.8,797.3],\"text\":\"based upon tax years currently under audit and subsequent years that could be audited by the respective taxing\"},{\"bbox\":[334.3,788.2,521.0,828.5],\"text\":\"authorities.\"}],\"order\":3,\"text\":\"The following is a summary of major tax jurisdictions for which tax authorities may assert additional taxes\\nbased upon tax years currently under audit and subsequent years that could be audited by the respective taxing\\nauthorities.\"},{\"bbox\":[333.3,880.5,504.1,912.6],\"lines\":[{\"bbox\":[333.3,880.5,504.1,912.6],\"text\":\"Jurisdiction\"}],\"order\":4,\"text\":\"Jurisdiction\"},{\"bbox\":[1744.9,896.5,2233.8,932.2],\"lines\":[{\"bbox\":[1744.9,896.5,2233.8,932.2],\"text\":\"Fiscal Years Open to Examination\"}],\"order\":5,\"text\":\"Fiscal Years Open to Examination\"},{\"bbox\":[330.8,941.3,1702.9,1145.0],\"lines\":[{\"bbox\":[332.5,941.3,1702.9,995.0],\"text\":\"U.S. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[332.0,991.3,1702.3,1045.0],\"text\":\"U.S. States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[331.4,1041.3,1701.8,1095.0],\"text\":\"Australia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[330.8,1091.3,1701.2,1145.0],\"text\":\"U.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"U.S. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nU.S. States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAustralia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nU.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1896.2,959.1,2078.8,1149.3],\"lines\":[{\"bbox\":[1897.9,959.1,2078.8,999.3],\"text\":\"2009-2015\"},{\"bbox\":[1921.7,1009.4,2054.0,1049.0],\"text\":\"Various\"},{\"bbox\":[1896.7,1059.1,2077.7,1099.3],\"text\":\"2010-2015\"},{\"bbox\":[1896.2,1109.1,2077.1,1149.3],\"text\":\"2011-2015\"}],\"order\":7,\"text\":\"2009-2015\\nVarious\\n2010-2015\\n2011-2015\"},{\"bbox\":[327.4,1194.4,2201.7,1453.8],\"lines\":[{\"bbox\":[413.0,1195.4,2086.7,1252.5],\"text\":\"It is reasonably possible that uncertain tax positions may increase or decrease in the next fiscal year,\"},{\"bbox\":[329.1,1244.4,2112.1,1302.8],\"text\":\"however, actual developments in this area could differ from those currently expected. As of June 30, 2016,\"},{\"bbox\":[328.5,1294.4,2137.3,1353.1],\"text\":\"approximately $54 million would affect the Company’s effective income tax rate, if and when recognized in\"},{\"bbox\":[328.0,1344.4,2200.0,1403.8],\"text\":\"future fiscal years. It is reasonably possible the amount of uncertain tax liabilities which may be resolved within\"},{\"bbox\":[327.4,1394.4,1633.0,1447.4],\"text\":\"the next fiscal year is between the range of approximately nil and $35 million.\"}],\"order\":8,\"text\":\"It is reasonably possible that uncertain tax positions may increase or decrease in the next fiscal year,\\nhowever, actual developments in this area could differ from those currently expected. As of June 30, 2016,\\napproximately $54 million would affect the Company’s effective income tax rate, if and when recognized in\\nfuture fiscal years. It is reasonably possible the amount of uncertain tax liabilities which may be resolved within\\nthe next fiscal year is between the range of approximately nil and $35 million.\"},{\"bbox\":[323.4,1497.5,2200.4,1807.0],\"lines\":[{\"bbox\":[409.6,1498.5,2190.1,1556.9],\"text\":\"The Company has not provided for U.S. taxes on the undistributed earnings of foreign subsidiaries that are\"},{\"bbox\":[325.7,1547.5,2132.5,1606.2],\"text\":\"considered to be reinvested indefinitely. Calculation of the unrecognized deferred tax liability for temporary\"},{\"bbox\":[325.1,1597.5,2199.3,1657.0],\"text\":\"differences related to these earnings is not practicable. Undistributed earnings of foreign subsidiaries considered\"},{\"bbox\":[324.5,1647.5,2064.8,1705.4],\"text\":\"to be indefinitely reinvested amounted to approximately $2.7 billion as of June 30, 2016. The amount of\"},{\"bbox\":[324.0,1697.5,2170.1,1756.6],\"text\":\"undistributed earnings reflects adjustments related to the Separation from 21st Century Fox that were finalized\"},{\"bbox\":[323.4,1747.5,1516.8,1799.2],\"text\":\"with the filing of our income tax returns in periods after the Separation.\"}],\"order\":9,\"text\":\"The Company has not provided for U.S. taxes on the undistributed earnings of foreign subsidiaries that are\\nconsidered to be reinvested indefinitely. Calculation of the unrecognized deferred tax liability for temporary\\ndifferences related to these earnings is not practicable. Undistributed earnings of foreign subsidiaries considered\\nto be indefinitely reinvested amounted to approximately $2.7 billion as of June 30, 2016. The amount of\\nundistributed earnings reflects adjustments related to the Separation from 21st Century Fox that were finalized\\nwith the filing of our income tax returns in periods after the Separation.\"},{\"bbox\":[320.5,1850.6,2213.0,2060.2],\"lines\":[{\"bbox\":[405.6,1851.6,2200.3,1910.1],\"text\":\"During the fiscal years ended June 30, 2016, 2015 and 2014, the Company paid gross income taxes of $103\"},{\"bbox\":[321.7,1900.6,2202.6,1960.1],\"text\":\"million, $134 million and $116 million, respectively, and received income tax refunds of $10 million, $8 million\"},{\"bbox\":[321.1,1950.6,2211.8,2010.3],\"text\":\"and $837 million, respectively. The income tax refunds for the fiscal year ended June 30, 2014 included the $794\"},{\"bbox\":[320.5,2000.6,1722.9,2054.7],\"text\":\"million related to amounts received from a foreign tax authority as discussed above.\"}],\"order\":10,\"text\":\"During the fiscal years ended June 30, 2016, 2015 and 2014, the Company paid gross income taxes of $103\\nmillion, $134 million and $116 million, respectively, and received income tax refunds of $10 million, $8 million\\nand $837 million, respectively. The income tax refunds for the fiscal year ended June 30, 2014 included the $794\\nmillion related to amounts received from a foreign tax authority as discussed above.\"},{\"bbox\":[319.1,2130.2,1039.0,2176.0],\"lines\":[{\"bbox\":[319.1,2130.2,1039.0,2176.0],\"text\":\"NOTE 19. SEGMENT INFORMATION\"}],\"order\":11,\"text\":\"NOTE 19. SEGMENT INFORMATION\"},{\"bbox\":[401.5,2207.6,1759.0,2261.2],\"lines\":[{\"bbox\":[401.5,2207.6,1759.0,2261.2],\"text\":\"The Company manages and reports its businesses in the following five segments:\"}],\"order\":12,\"text\":\"The Company manages and reports its businesses in the following five segments:\"},{\"bbox\":[400.7,2284.1,415.7,2322.4],\"lines\":[{\"bbox\":[400.7,2284.1,415.7,2322.4],\"text\":\"•\"}],\"order\":13,\"text\":\"•\"},{\"bbox\":[462.2,2284.8,2217.4,2792.8],\"lines\":[{\"bbox\":[467.3,2284.8,2217.4,2342.8],\"text\":\"News and Information Services—The News and Information Services segment includes the global print\"},{\"bbox\":[466.7,2334.8,2082.5,2391.3],\"text\":\"and digital product offerings of The Wall Street Journal and the Dow Jones Media Group, which\"},{\"bbox\":[466.2,2384.8,2081.0,2441.3],\"text\":\"includes Barron’s and MarketWatch, as well as the Company’s suite of professional information\"},{\"bbox\":[465.6,2434.8,2190.4,2492.5],\"text\":\"products, including Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Dow Jones PEVC\"},{\"bbox\":[465.0,2484.8,2140.2,2542.0],\"text\":\"and DJX. The Company also owns, among other publications, The Australian, The Daily Telegraph,\"},{\"bbox\":[464.5,2534.8,2185.8,2592.5],\"text\":\"Herald Sun and The Courier-Mail in Australia, The Times, The Sunday Times, The Sun and The Sun on\"},{\"bbox\":[463.9,2584.8,2166.7,2642.3],\"text\":\"Sunday in the U.K. and the New York Post in the U.S. This segment also includes both News America\"},{\"bbox\":[463.3,2634.8,2088.0,2691.4],\"text\":\"Marketing, a leading provider of home-delivered shopper media, in-store marketing products and\"},{\"bbox\":[462.8,2684.8,2202.2,2742.7],\"text\":\"services and digital marketing solutions, including Checkout 51’s mobile application, as well as Unruly,\"},{\"bbox\":[462.2,2734.8,1395.9,2783.5],\"text\":\"a leading global video advertising distribution platform.\"}],\"order\":14,\"text\":\"News and Information Services—The News and Information Services segment includes the global print\\nand digital product offerings of The Wall Street Journal and the Dow Jones Media Group, which\\nincludes Barron’s and MarketWatch, as well as the Company’s suite of professional information\\nproducts, including Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Dow Jones PEVC\\nand DJX. The Company also owns, among other publications, The Australian, The Daily Telegraph,\\nHerald Sun and The Courier-Mail in Australia, The Times, The Sunday Times, The Sun and The Sun on\\nSunday in the U.K. and the New York Post in the U.S. This segment also includes both News America\\nMarketing, a leading provider of home-delivered shopper media, in-store marketing products and\\nservices and digital marketing solutions, including Checkout 51’s mobile application, as well as Unruly,\\na leading global video advertising distribution platform.\"},{\"bbox\":[394.7,2810.5,409.7,2848.8],\"lines\":[{\"bbox\":[394.7,2810.5,409.7,2848.8],\"text\":\"•\"}],\"order\":15,\"text\":\"•\"},{\"bbox\":[460.8,2811.2,2078.9,2917.8],\"lines\":[{\"bbox\":[461.3,2811.2,2050.1,2867.4],\"text\":\"Book Publishing—The Book Publishing segment consists of HarperCollins, the second largest\"},{\"bbox\":[460.8,2861.2,2078.3,2917.8],\"text\":\"consumer book publisher in the world, with operations in 18 countries and particular strengths in\"}],\"order\":16,\"text\":\"Book Publishing—The Book Publishing segment consists of HarperCollins, the second largest\\nconsumer book publisher in the world, with operations in 18 countries and particular strengths in\"},{\"bbox\":[1228.3,2970.4,1291.3,3009.2],\"lines\":[{\"bbox\":[1228.3,2970.4,1291.3,3009.2],\"text\":\"136\"}],\"order\":17,\"text\":\"136\"}],\"doc\":\"fintabnet:NWS_2016\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"NEWS CORPORATION\\n\\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\\n\\nultimately expected to be paid, however, the Company may need to accrue additional income tax expense and our\\nliability may need to be adjusted as new information becomes known and as these tax examinations continue to\\nprogress, or as settlements or litigations occur.\\n\\nThe following is a summary of major tax jurisdictions for which tax authorities may assert additional taxes\\nbased upon tax years currently under audit and subsequent years that could be audited by the respective taxing\\nauthorities.\\n\\n|  Jurisdiction |  Fiscal Years Open to Examination |\\n| --- | --- |\\n| U.S. Federal | 2009-2015 |\\n| U.S. States | Various |\\n| Australia | 2010-2015 |\\n| U.K. | 2011-2015 |\\n\\nIt is reasonably possible that uncertain tax positions may increase or decrease in the next fiscal year,\\nhowever, actual developments in this area could differ from those currently expected. As of June 30, 2016,\\napproximately $54 million would affect the Company’s effective income tax rate, if and when recognized in\\nfuture fiscal years. It is reasonably possible the amount of uncertain tax liabilities which may be resolved within\\nthe next fiscal year is between the range of approximately nil and $35 million.\\n\\nThe Company has not provided for U.S. taxes on the undistributed earnings of foreign subsidiaries that are\\nconsidered to be reinvested indefinitely. Calculation of the unrecognized deferred tax liability for temporary\\ndifferences related to these earnings is not practicable. Undistributed earnings of foreign subsidiaries considered\\nto be indefinitely reinvested amounted to approximately $2.7 billion as of June 30, 2016. The amount of\\nundistributed earnings reflects adjustments related to the Separation from 21st Century Fox that were finalized\\nwith the filing of our income tax returns in periods after the Separation.\\n\\nDuring the fiscal years ended June 30, 2016, 2015 and 2014, the Company paid gross income taxes of $103\\nmillion, $134 million and $116 million, respectively, and received income tax refunds of $10 million, $8 million\\nand $837 million, respectively. The income tax refunds for the fiscal year ended June 30, 2014 included the $794\\nmillion related to amounts received from a foreign tax authority as discussed above.\\n\\nNOTE 19. SEGMENT INFORMATION\\n\\nThe Company manages and reports its businesses in the following five segments:\\n\\n•\\n\\nNews and Information Services—The News and Information Services segment includes the global print\\nand digital product offerings of The Wall Street Journal and the Dow Jones Media Group, which\\nincludes Barron’s and MarketWatch, as well as the Company’s suite of professional information\\nproducts, including Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Dow Jones PEVC\\nand DJX. The Company also owns, among other publications, The Australian, The Daily Telegraph,\\nHerald Sun and The Courier-Mail in Australia, The Times, The Sunday Times, The Sun and The Sun on\\nSunday in the U.K. and the New York Post in the U.S. This segment also includes both News America\\nMarketing, a leading provider of home-delivered shopper media, in-store marketing products and\\nservices and digital marketing solutions, including Checkout 51’s mobile application, as well as Unruly,\\na leading global video advertising distribution platform.\\n\\n•\\n\\nBook Publishing—The Book Publishing segment consists of HarperCollins, the second largest\\nconsumer book publisher in the world, with operations in 18 countries and particular strengths in\\n\\n136\",\"name\":\"fintabnet.NWS_2016_page_150__300dpi_mild\",\"page_id\":\"fintabnet.NWS_2016_page_150\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.65,\"source\":\"fintabnet\",\"source_id\":\"NWS_2016_page_150\",\"stack\":[{\"deg\":-0.65,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.442},{\"op\":\"noise\",\"sigma\":3.546},{\"op\":\"jpeg\",\"q\":74}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[330.8,872.2,2233.9,1151.0],\"block_orders\":[4,5,6,7],\"cells\":[{\"bbox\":[333.3,877.3,504.1,912.6],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\" Jurisdiction\"},{\"bbox\":[1744.9,893.3,2233.8,932.2],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\" Fiscal Years Open to Examination\"},{\"bbox\":[332.5,937.8,542.3,981.9],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"U.S. Federal\"},{\"bbox\":[1897.9,955.6,2078.9,999.3],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2009-2015\"},{\"bbox\":[332.0,987.8,516.4,1031.6],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"U.S. States\"},{\"bbox\":[1921.7,1005.8,2054.0,1049.0],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"Various\"},{\"bbox\":[331.4,1037.8,484.7,1081.2],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Australia\"},{\"bbox\":[1896.7,1055.6,2077.7,1099.3],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"2010-2015\"},{\"bbox\":[330.8,1087.8,412.4,1130.4],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"U.K.\"},{\"bbox\":[1896.2,1105.6,2077.2,1149.3],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"2011-2015\"}]}],\"text\":\"NEWS CORPORATION\\n\\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\\n\\nultimately expected to be paid, however, the Company may need to accrue additional income tax expense and our\\nliability may need to be adjusted as new information becomes known and as these tax examinations continue to\\nprogress, or as settlements or litigations occur.\\n\\nThe following is a summary of major tax jurisdictions for which tax authorities may assert additional taxes\\nbased upon tax years currently under audit and subsequent years that could be audited by the respective taxing\\nauthorities.\\n\\nJurisdiction\\n\\nFiscal Years Open to Examination\\n\\nU.S. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nU.S. States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAustralia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nU.K. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2009-2015\\nVarious\\n2010-2015\\n2011-2015\\n\\nIt is reasonably possible that uncertain tax positions may increase or decrease in the next fiscal year,\\nhowever, actual developments in this area could differ from those currently expected. As of June 30, 2016,\\napproximately $54 million would affect the Company’s effective income tax rate, if and when recognized in\\nfuture fiscal years. It is reasonably possible the amount of uncertain tax liabilities which may be resolved within\\nthe next fiscal year is between the range of approximately nil and $35 million.\\n\\nThe Company has not provided for U.S. taxes on the undistributed earnings of foreign subsidiaries that are\\nconsidered to be reinvested indefinitely. Calculation of the unrecognized deferred tax liability for temporary\\ndifferences related to these earnings is not practicable. Undistributed earnings of foreign subsidiaries considered\\nto be indefinitely reinvested amounted to approximately $2.7 billion as of June 30, 2016. The amount of\\nundistributed earnings reflects adjustments related to the Separation from 21st Century Fox that were finalized\\nwith the filing of our income tax returns in periods after the Separation.\\n\\nDuring the fiscal years ended June 30, 2016, 2015 and 2014, the Company paid gross income taxes of $103\\nmillion, $134 million and $116 million, respectively, and received income tax refunds of $10 million, $8 million\\nand $837 million, respectively. The income tax refunds for the fiscal year ended June 30, 2014 included the $794\\nmillion related to amounts received from a foreign tax authority as discussed above.\\n\\nNOTE 19. SEGMENT INFORMATION\\n\\nThe Company manages and reports its businesses in the following five segments:\\n\\n•\\n\\nNews and Information Services—The News and Information Services segment includes the global print\\nand digital product offerings of The Wall Street Journal and the Dow Jones Media Group, which\\nincludes Barron’s and MarketWatch, as well as the Company’s suite of professional information\\nproducts, including Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Dow Jones PEVC\\nand DJX. The Company also owns, among other publications, The Australian, The Daily Telegraph,\\nHerald Sun and The Courier-Mail in Australia, The Times, The Sunday Times, The Sun and The Sun on\\nSunday in the U.K. and the New York Post in the U.S. This segment also includes both News America\\nMarketing, a leading provider of home-delivered shopper media, in-store marketing products and\\nservices and digital marketing solutions, including Checkout 51’s mobile application, as well as Unruly,\\na leading global video advertising distribution platform.\\n\\n•\\n\\nBook Publishing—The Book Publishing segment consists of HarperCollins, the second largest\\nconsumer book publisher in the world, with operations in 18 countries and particular strengths in\\n\\n136\"},\"name\":\"fintabnet.NWS_2016_page_150__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":703774,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:NWS_2016\",\"dpi\":300,\"gt_sha256\":\"ce4b011b3b4d8e03f50994ba33b44ab4750ab337ce57055173d013d0b4f467b1\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NWS_2016_page_150__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.NWS_2016_page_150\",\"pdf_sha256\":\"5b7da7dfa73c21a47ab18dd17c14dea1bb3405f38bc6a258ba990a3df790c03c\",\"px\":[2550,3300],\"scan\":{\"render\":\"000001803ffc3ff8201c20083ffc3ffc3ff83ffc3e001ffc1ffc1ff800000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"NWS_2016_page_150\",\"src\":{\"file_sha256\":\"0d7392b936b543b1e6843856ca684dbb2cbcbf915f19300a51512f4e5e0c2254\",\"render\":\"000003c03ff83ff8201c20083ff83ffc3ff83ffc3e001ffc1ffc1ff800000000\",\"text\":\"758105daf5c2138930746985c93e544f73dd5e6c174a2c827490f8000566064b\"},\"stack\":[{\"deg\":-0.65,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.442},{\"op\":\"noise\",\"sigma\":3.546},{\"op\":\"jpeg\",\"q\":74}],\"tools\":\"21647cade0ee\"},\"sha256\":\"5b7da7dfa73c21a47ab18dd17c14dea1bb3405f38bc6a258ba990a3df790c03c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/5b7da7dfa73c21a47ab18dd17c14dea1bb3405f38bc6a258ba990a3df790c03c.pdf","asset_sha256":"5b7da7dfa73c21a47ab18dd17c14dea1bb3405f38bc6a258ba990a3df790c03c","document_id":"fintabnet:NWS_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NWS_2016_page_150\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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As a result of the sale, REA Group recognized a pre-tax gain of $29\"},{\"bbox\":[379.6,570.8,2167.5,658.3],\"text\":\"million, which was reclassified out of accumulated other comprehensive income and included in Other, net\"},{\"bbox\":[381.0,655.8,902.2,708.3],\"text\":\"in the Statement of Operations.\"}],\"order\":3,\"text\":\"In August 2014, REA Group completed the sale of a minority interest held in marketable securities for total\\ncash consideration of $104 million. As a result of the sale, REA Group recognized a pre-tax gain of $29\\nmillion, which was reclassified out of accumulated other comprehensive income and included in Other, net\\nin the Statement of Operations.\"},{\"bbox\":[301.1,773.3,1172.9,835.0],\"lines\":[{\"bbox\":[301.1,773.3,1172.9,835.0],\"text\":\"Accumulated Other Comprehensive (Loss) Income\"}],\"order\":4,\"text\":\"Accumulated Other Comprehensive (Loss) Income\"},{\"bbox\":[386.5,830.4,1821.7,908.2],\"lines\":[{\"bbox\":[386.5,830.4,1821.7,908.2],\"text\":\"The components of Accumulated other comprehensive (loss) income were as follows:\"}],\"order\":5,\"text\":\"The components of Accumulated other comprehensive (loss) income were as follows:\"},{\"bbox\":[1714.1,909.0,2208.7,1052.7],\"lines\":[{\"bbox\":[1714.1,909.0,2206.0,952.7],\"text\":\"For the fiscal years ended June 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end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":14,\"text\":\"Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1814.8,1279.6,1857.5,1318.9],\"lines\":[{\"bbox\":[1814.8,1279.6,1857.5,1318.9],\"text\":\"20\"}],\"order\":15,\"text\":\"20\"},{\"bbox\":[1992.2,1274.7,2034.9,1314.0],\"lines\":[{\"bbox\":[1992.2,1274.7,2034.9,1314.0],\"text\":\"19\"}],\"order\":16,\"text\":\"19\"},{\"bbox\":[2154.1,1270.3,2196.8,1309.6],\"lines\":[{\"bbox\":[2154.1,1270.3,2196.8,1309.6],\"text\":\"24\"}],\"order\":17,\"text\":\"24\"},{\"bbox\":[317.4,1351.1,1688.2,1526.9],\"lines\":[{\"bbox\":[317.4,1376.7,758.5,1427.0],\"text\":\"Benefit Plan Adjustments:\"},{\"bbox\":[402.1,1401.1,1686.8,1474.6],\"text\":\"Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[403.5,1450.8,1688.2,1524.6],\"text\":\"Fiscal year activity (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":18,\"text\":\"Benefit Plan Adjustments:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1783.3,1395.9,1875.9,1486.5],\"lines\":[{\"bbox\":[1783.3,1395.9,1874.5,1436.5],\"text\":\"(413)\"},{\"bbox\":[1805.5,1445.9,1875.9,1485.9],\"text\":\"(32)\"}],\"order\":19,\"text\":\"(413)\\n(32)\"},{\"bbox\":[1960.7,1391.0,2053.3,1481.6],\"lines\":[{\"bbox\":[1960.7,1391.0,2052.0,1431.6],\"text\":\"(384)\"},{\"bbox\":[1982.9,1441.0,2053.3,1481.0],\"text\":\"(29)\"}],\"order\":20,\"text\":\"(384)\\n(29)\"},{\"bbox\":[2122.5,1386.5,2215.1,1477.1],\"lines\":[{\"bbox\":[2122.5,1386.5,2213.8,1427.1],\"text\":\"(348)\"},{\"bbox\":[2144.7,1436.5,2215.1,1476.6],\"text\":\"(36)\"}],\"order\":21,\"text\":\"(348)\\n(36)\"},{\"bbox\":[405.3,1517.7,1690.1,1591.3],\"lines\":[{\"bbox\":[405.3,1517.7,1690.1,1591.3],\"text\":\"Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":22,\"text\":\"Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1786.5,1512.5,1877.7,1553.1],\"lines\":[{\"bbox\":[1786.5,1512.5,1877.7,1553.1],\"text\":\"(445)\"}],\"order\":23,\"text\":\"(445)\"},{\"bbox\":[1963.9,1507.6,2055.2,1548.2],\"lines\":[{\"bbox\":[1963.9,1507.6,2055.2,1548.2],\"text\":\"(413)\"}],\"order\":24,\"text\":\"(413)\"},{\"bbox\":[2125.7,1503.1,2217.0,1543.8],\"lines\":[{\"bbox\":[2125.7,1503.1,2217.0,1543.8],\"text\":\"(384)\"}],\"order\":25,\"text\":\"(384)\"},{\"bbox\":[323.9,1584.3,1694.7,1760.2],\"lines\":[{\"bbox\":[323.9,1602.9,1018.9,1660.2],\"text\":\"Foreign currency translation adjustments:\"},{\"bbox\":[408.5,1634.3,1693.3,1707.9],\"text\":\"Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[409.9,1684.1,1694.7,1757.9],\"text\":\"Fiscal year activity (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":26,\"text\":\"Foreign currency translation adjustments:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1789.7,1629.1,1882.3,1719.7],\"lines\":[{\"bbox\":[1789.7,1629.1,1881.0,1669.8],\"text\":\"(188)\"},{\"bbox\":[1791.1,1679.1,1882.3,1719.7],\"text\":\"(397)\"}],\"order\":27,\"text\":\"(188)\\n(397)\"},{\"bbox\":[1935.9,1624.2,2059.8,1715.7],\"lines\":[{\"bbox\":[1981.1,1624.6,2044.6,1664.5],\"text\":\"971\"},{\"bbox\":[1937.3,1674.2,2059.8,1715.7],\"text\":\"(1,159)\"}],\"order\":28,\"text\":\"971\\n(1,159)\"},{\"bbox\":[2142.9,1620.1,2207.8,1710.0],\"lines\":[{\"bbox\":[2142.9,1620.1,2206.4,1660.0],\"text\":\"617\"},{\"bbox\":[2144.3,1670.1,2207.8,1710.0],\"text\":\"354\"}],\"order\":29,\"text\":\"617\\n354\"},{\"bbox\":[411.8,1750.9,1696.5,1824.5],\"lines\":[{\"bbox\":[411.8,1750.9,1696.5,1824.5],\"text\":\"Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":30,\"text\":\"Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1792.9,1745.7,1884.2,1786.4],\"lines\":[{\"bbox\":[1792.9,1745.7,1884.2,1786.4],\"text\":\"(585)\"}],\"order\":31,\"text\":\"(585)\"},{\"bbox\":[1970.3,1740.8,2061.6,1781.5],\"lines\":[{\"bbox\":[1970.3,1740.8,2061.6,1781.5],\"text\":\"(188)\"}],\"order\":32,\"text\":\"(188)\"},{\"bbox\":[2146.1,1736.8,2209.6,1776.6],\"lines\":[{\"bbox\":[2146.1,1736.8,2209.6,1776.6],\"text\":\"971\"}],\"order\":33,\"text\":\"971\"},{\"bbox\":[330.3,1817.6,1701.1,1993.4],\"lines\":[{\"bbox\":[330.3,1825.5,1410.5,1893.4],\"text\":\"Share of other comprehensive income from equity affiliates, net:\"},{\"bbox\":[415.0,1867.5,1699.7,1941.1],\"text\":\"Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[416.4,1917.3,1701.1,1991.1],\"text\":\"Fiscal year activity (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":34,\"text\":\"Share of other comprehensive income from equity affiliates, net:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1810.1,1862.4,1888.8,1952.6],\"lines\":[{\"bbox\":[1810.1,1863.3,1852.8,1902.6],\"text\":\"—\"},{\"bbox\":[1818.3,1912.3,1888.8,1952.4],\"text\":\"(16)\"}],\"order\":35,\"text\":\"—\\n(16)\"},{\"bbox\":[2015.2,1857.5,2066.2,1946.9],\"lines\":[{\"bbox\":[2015.2,1857.5,2064.8,1897.0],\"text\":\"(1)\"},{\"bbox\":[2030.5,1907.8,2052.4,1946.6],\"text\":\"1\"}],\"order\":36,\"text\":\"(1)\\n1\"},{\"bbox\":[2149.3,1853.0,2228.0,1943.2],\"lines\":[{\"bbox\":[2149.3,1854.0,2192.0,1893.3],\"text\":\"—\"},{\"bbox\":[2178.4,1903.0,2228.0,1942.5],\"text\":\"(1)\"}],\"order\":37,\"text\":\"—\\n(1)\"},{\"bbox\":[418.2,1984.2,1702.9,2057.7],\"lines\":[{\"bbox\":[418.2,1984.2,1702.9,2057.7],\"text\":\"Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":38,\"text\":\"Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1820.2,1979.0,1890.6,2019.0],\"lines\":[{\"bbox\":[1820.2,1979.0,1890.6,2019.0],\"text\":\"(16)\"}],\"order\":39,\"text\":\"(16)\"},{\"bbox\":[1990.7,1975.0,2033.4,2014.3],\"lines\":[{\"bbox\":[1990.7,1975.0,2033.4,2014.3],\"text\":\"—\"}],\"order\":40,\"text\":\"—\"},{\"bbox\":[2180.2,1969.6,2229.9,2009.1],\"lines\":[{\"bbox\":[2180.2,1969.6,2229.9,2009.1],\"text\":\"(1)\"}],\"order\":41,\"text\":\"(1)\"},{\"bbox\":[336.7,2050.8,1707.5,2226.6],\"lines\":[{\"bbox\":[336.7,2058.3,1433.0,2126.7],\"text\":\"Total accumulated other comprehensive (loss) income, net of tax:\"},{\"bbox\":[421.4,2100.8,1706.2,2174.4],\"text\":\"Balance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[422.8,2150.8,1707.5,2224.3],\"text\":\"Fiscal year activity, net of income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":42,\"text\":\"Total accumulated other comprehensive (loss) income, net of tax:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity, net of income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1802.6,2095.6,1895.2,2186.2],\"lines\":[{\"bbox\":[1802.6,2095.6,1893.8,2136.2],\"text\":\"(582)\"},{\"bbox\":[1803.9,2145.6,1895.2,2186.2],\"text\":\"(444)\"}],\"order\":43,\"text\":\"(582)\\n(444)\"},{\"bbox\":[1948.8,2090.7,2072.6,2182.2],\"lines\":[{\"bbox\":[1993.9,2091.1,2057.5,2131.0],\"text\":\"610\"},{\"bbox\":[1950.1,2140.7,2072.6,2182.2],\"text\":\"(1,192)\"}],\"order\":44,\"text\":\"610\\n(1,192)\"},{\"bbox\":[2155.8,2086.6,2220.7,2176.5],\"lines\":[{\"bbox\":[2155.8,2086.6,2219.3,2126.5],\"text\":\"271\"},{\"bbox\":[2157.1,2136.6,2220.7,2176.5],\"text\":\"339\"}],\"order\":45,\"text\":\"271\\n339\"},{\"bbox\":[1753.7,2207.3,2074.5,2254.3],\"lines\":[{\"bbox\":[1753.7,2207.3,2074.5,2254.3],\"text\":\"$(1,026) $ (582)\"}],\"order\":46,\"text\":\"$(1,026) $ (582)\"},{\"bbox\":[2124.2,2203.2,2222.5,2244.1],\"lines\":[{\"bbox\":[2124.2,2203.2,2222.5,2244.1],\"text\":\"$ 610\"}],\"order\":47,\"text\":\"$ 610\"},{\"bbox\":[424.6,2217.4,1709.4,2291.0],\"lines\":[{\"bbox\":[424.6,2217.4,1709.4,2291.0],\"text\":\"Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":48,\"text\":\"Balance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[344.3,2362.4,375.1,2388.0],\"lines\":[{\"bbox\":[344.3,2362.4,375.1,2388.0],\"text\":\"(a)\"}],\"order\":49,\"text\":\"(a)\"},{\"bbox\":[347.1,2462.3,379.3,2488.0],\"lines\":[{\"bbox\":[347.1,2462.3,379.3,2488.0],\"text\":\"(b)\"}],\"order\":50,\"text\":\"(b)\"},{\"bbox\":[349.8,2562.3,380.6,2587.9],\"lines\":[{\"bbox\":[349.8,2562.3,380.6,2587.9],\"text\":\"(c)\"}],\"order\":51,\"text\":\"(c)\"},{\"bbox\":[352.6,2662.2,384.9,2687.9],\"lines\":[{\"bbox\":[352.6,2662.2,384.9,2687.9],\"text\":\"(d)\"}],\"order\":52,\"text\":\"(d)\"},{\"bbox\":[427.6,2312.2,2210.9,2749.1],\"lines\":[{\"bbox\":[427.6,2313.3,2160.7,2399.3],\"text\":\"Net of income tax expense of nil, nil and $14 million for the fiscal years ended June 30, 2016, 2015 and\"},{\"bbox\":[429.0,2402.4,745.9,2449.3],\"text\":\"2014, respectively.\"},{\"bbox\":[430.4,2412.2,2204.0,2499.2],\"text\":\"Net of income tax (benefit) of ($14) million, ($11) million and ($3) million for the fiscal years ended June\"},{\"bbox\":[431.8,2493.2,1079.5,2549.2],\"text\":\"30, 2016, 2015 and 2014, respectively.\"},{\"bbox\":[433.1,2512.3,2201.2,2599.2],\"text\":\"Excludes ($1) million, ($24) million and $2 million relating to noncontrolling interests for the fiscal years\"},{\"bbox\":[434.5,2587.8,1279.1,2649.2],\"text\":\"ended June 30, 2016, 2015 and 2014, respectively.\"},{\"bbox\":[435.9,2612.4,2197.9,2699.2],\"text\":\"Net of income tax (benefit) expense of ($7) million, $1 million and ($1) million for the fiscal years ended\"},{\"bbox\":[437.3,2690.7,1171.9,2749.1],\"text\":\"June 30, 2016, 2015 and 2014, respectively.\"}],\"order\":53,\"text\":\"Net of income tax expense of nil, nil and $14 million for the fiscal years ended June 30, 2016, 2015 and\\n2014, respectively.\\nNet of income tax (benefit) of ($14) million, ($11) million and ($3) million for the fiscal years ended June\\n30, 2016, 2015 and 2014, respectively.\\nExcludes ($1) million, ($24) million and $2 million relating to noncontrolling interests for the fiscal years\\nended June 30, 2016, 2015 and 2014, respectively.\\nNet of income tax (benefit) expense of ($7) million, $1 million and ($1) million for the fiscal years ended\\nJune 30, 2016, 2015 and 2014, respectively.\"},{\"bbox\":[1280.2,2969.4,1343.7,3009.3],\"lines\":[{\"bbox\":[1280.2,2969.4,1343.7,3009.3],\"text\":\"142\"}],\"order\":54,\"text\":\"142\"}],\"doc\":\"fintabnet:NWS_2016\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"NEWS CORPORATION\\n\\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\\n\\n(e)\\n\\nIn August 2014, REA Group completed the sale of a minority interest held in marketable securities for total\\ncash consideration of $104 million. As a result of the sale, REA Group recognized a pre-tax gain of $29\\nmillion, which was reclassified out of accumulated other comprehensive income and included in Other, net\\nin the Statement of Operations.\\n\\nAccumulated Other Comprehensive (Loss) Income\\n\\nThe components of Accumulated other comprehensive (loss) income were as follows:\\n\\nFor the fiscal years ended June 30,\\n2016\\n2015\\n2014\\n(in millions)\\n\\nAccumulated other comprehensive (loss) income, net of tax:\\nUnrealized holding gains (losses) on securities:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n19\\n1\\n\\n$\\n\\n24\\n(5)\\n\\n$\\n\\n2\\n22\\n\\nBalance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n20\\n\\n19\\n\\n24\\n\\nBenefit Plan Adjustments:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(413)\\n(32)\\n\\n(384)\\n(29)\\n\\n(348)\\n(36)\\n\\nBalance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(445)\\n\\n(413)\\n\\n(384)\\n\\nForeign currency translation adjustments:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(188)\\n(397)\\n\\n971\\n(1,159)\\n\\n617\\n354\\n\\nBalance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(585)\\n\\n(188)\\n\\n971\\n\\nShare of other comprehensive income from equity affiliates, net:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n—\\n(16)\\n\\n(1)\\n1\\n\\n—\\n(1)\\n\\nBalance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(16)\\n\\n—\\n\\n(1)\\n\\nTotal accumulated other comprehensive (loss) income, net of tax:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity, net of income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(582)\\n(444)\\n\\n610\\n(1,192)\\n\\n271\\n339\\n\\n$(1,026) $ (582)\\n\\n$ 610\\n\\nBalance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(a)\\n\\n(b)\\n\\n(c)\\n\\n(d)\\n\\nNet of income tax expense of nil, nil and $14 million for the fiscal years ended June 30, 2016, 2015 and\\n2014, respectively.\\nNet of income tax (benefit) of ($14) million, ($11) million and ($3) million for the fiscal years ended June\\n30, 2016, 2015 and 2014, respectively.\\nExcludes ($1) million, ($24) million and $2 million relating to noncontrolling interests for the fiscal years\\nended June 30, 2016, 2015 and 2014, respectively.\\nNet of income tax (benefit) expense of ($7) million, $1 million and ($1) million for the fiscal years ended\\nJune 30, 2016, 2015 and 2014, respectively.\\n\\n142\",\"name\":\"fintabnet.NWS_2016_page_156__300dpi_medium\",\"page_id\":\"fintabnet.NWS_2016_page_156\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.581,\"source\":\"fintabnet\",\"source_id\":\"NWS_2016_page_156\",\"stack\":[{\"deg\":1.581,\"op\":\"skew\"},{\"amp\":0.085,\"angle\":9.8,\"blob\":0.596,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":3.934,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":5.024},{\"gain\":0.667,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":63}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[305.4,901.3,2241.9,2293.3],\"block_orders\":[6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48],\"cells\":null}],\"text\":\"NEWS CORPORATION\\n\\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS\\n\\n(e)\\n\\nIn August 2014, REA Group completed the sale of a minority interest held in marketable securities for total\\ncash consideration of $104 million. As a result of the sale, REA Group recognized a pre-tax gain of $29\\nmillion, which was reclassified out of accumulated other comprehensive income and included in Other, net\\nin the Statement of Operations.\\n\\nAccumulated Other Comprehensive (Loss) Income\\n\\nThe components of Accumulated other comprehensive (loss) income were as follows:\\n\\nFor the fiscal years ended June 30,\\n2016\\n2015\\n2014\\n(in millions)\\n\\nAccumulated other comprehensive (loss) income, net of tax:\\nUnrealized holding gains (losses) on securities:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity (a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n19\\n1\\n\\n$\\n\\n24\\n(5)\\n\\n$\\n\\n2\\n22\\n\\nBalance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n20\\n\\n19\\n\\n24\\n\\nBenefit Plan Adjustments:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(413)\\n(32)\\n\\n(384)\\n(29)\\n\\n(348)\\n(36)\\n\\nBalance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(445)\\n\\n(413)\\n\\n(384)\\n\\nForeign currency translation adjustments:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(188)\\n(397)\\n\\n971\\n(1,159)\\n\\n617\\n354\\n\\nBalance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(585)\\n\\n(188)\\n\\n971\\n\\nShare of other comprehensive income from equity affiliates, net:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n—\\n(16)\\n\\n(1)\\n1\\n\\n—\\n(1)\\n\\nBalance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(16)\\n\\n—\\n\\n(1)\\n\\nTotal accumulated other comprehensive (loss) income, net of tax:\\nBalance, beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFiscal year activity, net of income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(582)\\n(444)\\n\\n610\\n(1,192)\\n\\n271\\n339\\n\\n$(1,026) $ (582)\\n\\n$ 610\\n\\nBalance, end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(a)\\n\\n(b)\\n\\n(c)\\n\\n(d)\\n\\nNet of income tax expense of nil, nil and $14 million for the fiscal years ended June 30, 2016, 2015 and\\n2014, respectively.\\nNet of income tax (benefit) of ($14) million, ($11) million and ($3) million for the fiscal years ended June\\n30, 2016, 2015 and 2014, respectively.\\nExcludes ($1) million, ($24) million and $2 million relating to noncontrolling interests for the fiscal years\\nended June 30, 2016, 2015 and 2014, respectively.\\nNet of income tax (benefit) expense of ($7) million, $1 million and ($1) million for the fiscal years ended\\nJune 30, 2016, 2015 and 2014, respectively.\\n\\n142\"},\"name\":\"fintabnet.NWS_2016_page_156__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":453211,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:NWS_2016\",\"dpi\":300,\"gt_sha256\":\"9eb15ed51ba0836d879e10efa5687cc88baab0cea185352e2daf9230532f5f52\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; 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24\"},{\"bbox\":[2101.9,1151.1,2199.6,1189.9],\"lines\":[{\"bbox\":[2101.9,1151.1,2199.6,1189.9],\"text\":\"12 %\"}],\"order\":19,\"text\":\"12 %\"},{\"bbox\":[1642.5,1157.2,1705.5,1195.6],\"lines\":[{\"bbox\":[1642.5,1157.2,1705.5,1195.6],\"text\":\"221\"}],\"order\":20,\"text\":\"221\"},{\"bbox\":[1812.7,1155.1,1875.7,1193.5],\"lines\":[{\"bbox\":[1812.7,1155.1,1875.7,1193.5],\"text\":\"197\"}],\"order\":21,\"text\":\"197\"},{\"bbox\":[320.5,1267.5,2227.7,2029.0],\"lines\":[{\"bbox\":[403.8,1267.5,2219.1,1328.0],\"text\":\"For the fiscal year ended June 30, 2015, revenues at the Book Publishing segment increased $233 million, or\"},{\"bbox\":[321.1,1318.4,2150.8,1379.0],\"text\":\"16%, as compared to fiscal 2014. The increase was primarily the result of the acquisition of Harlequin, which\"},{\"bbox\":[321.7,1368.4,2150.0,1429.0],\"text\":\"contributed $281 million of revenues during fiscal 2015. Consumer revenues associated with print and digital\"},{\"bbox\":[322.4,1417.8,2199.9,1479.0],\"text\":\"book sales at HarperCollins’ other divisions decreased $44 million, as increased backlist sales in the general and\"},{\"bbox\":[323.0,1468.4,2145.5,1529.0],\"text\":\"children’s books categories, notably American Sniper by Chris Kyle, partially offset lower revenues from the\"},{\"bbox\":[323.6,1517.9,2186.8,1579.0],\"text\":\"Divergent series by Veronica Roth of $84 million and the negative impact of foreign currency fluctuations. The\"},{\"bbox\":[324.2,1567.7,2206.9,1629.0],\"text\":\"Company sold 8.3 million net units of the Divergent series in the fiscal year ended June 30, 2015 as compared to\"},{\"bbox\":[324.8,1617.9,2189.5,1679.0],\"text\":\"19.2 million net units in fiscal 2014. The impact of foreign currency fluctuations of the U.S. dollar against local\"},{\"bbox\":[325.4,1668.0,2183.8,1729.0],\"text\":\"currencies resulted in a revenue decrease of $20 million, or 1%, for the fiscal year ended June 30, 2015. Digital\"},{\"bbox\":[326.0,1717.8,2199.4,1779.0],\"text\":\"sales, which consist of revenues generated through the sale of e-books and digital audio books, represented 22%\"},{\"bbox\":[326.7,1768.2,2166.3,1829.0],\"text\":\"of Consumer revenues during the fiscal year ended June 30, 2015. Digital sales increased 11% as compared to\"},{\"bbox\":[327.3,1817.6,2216.4,1879.0],\"text\":\"fiscal 2014 due to the inclusion of Harlequin results and increased digital audio book sales, partially offset by the\"},{\"bbox\":[327.9,1867.8,2200.4,1929.0],\"text\":\"lower contribution from the Divergent series as well as a shift towards the non-fiction genre, which has lower e-\"},{\"bbox\":[328.5,1918.6,2133.8,1979.0],\"text\":\"book conversion. During the fiscal year ended June 30, 2015, HarperCollins had 214 titles on The New York\"},{\"bbox\":[329.1,1973.1,1770.9,2029.0],\"text\":\"Times print and digital bestseller lists, with 15 titles reaching the number one position.\"}],\"order\":22,\"text\":\"For the fiscal year ended June 30, 2015, revenues at the Book Publishing segment increased $233 million, or\\n16%, as compared to fiscal 2014. The increase was primarily the result of the acquisition of Harlequin, which\\ncontributed $281 million of revenues during fiscal 2015. Consumer revenues associated with print and digital\\nbook sales at HarperCollins’ other divisions decreased $44 million, as increased backlist sales in the general and\\nchildren’s books categories, notably American Sniper by Chris Kyle, partially offset lower revenues from the\\nDivergent series by Veronica Roth of $84 million and the negative impact of foreign currency fluctuations. The\\nCompany sold 8.3 million net units of the Divergent series in the fiscal year ended June 30, 2015 as compared to\\n19.2 million net units in fiscal 2014. The impact of foreign currency fluctuations of the U.S. dollar against local\\ncurrencies resulted in a revenue decrease of $20 million, or 1%, for the fiscal year ended June 30, 2015. Digital\\nsales, which consist of revenues generated through the sale of e-books and digital audio books, represented 22%\\nof Consumer revenues during the fiscal year ended June 30, 2015. Digital sales increased 11% as compared to\\nfiscal 2014 due to the inclusion of Harlequin results and increased digital audio book sales, partially offset by the\\nlower contribution from the Divergent series as well as a shift towards the non-fiction genre, which has lower e-\\nbook conversion. During the fiscal year ended June 30, 2015, HarperCollins had 214 titles on The New York\\nTimes print and digital bestseller lists, with 15 titles reaching the number one position.\"},{\"bbox\":[330.4,2067.9,2192.1,2378.9],\"lines\":[{\"bbox\":[413.7,2068.0,2181.9,2127.9],\"text\":\"For the fiscal year ended June 30, 2015, Segment EBITDA at the Book Publishing segment increased $24\"},{\"bbox\":[331.0,2117.9,2189.6,2179.0],\"text\":\"million, or 12%, as compared to fiscal 2014. The increase was primarily the result of the Harlequin acquisition,\"},{\"bbox\":[331.6,2168.4,2154.0,2229.0],\"text\":\"which contributed $32 million to Segment EBITDA, strong backlist sales in the general and children’s books\"},{\"bbox\":[332.2,2219.8,2039.0,2279.0],\"text\":\"categories and lower expenses at HarperCollins’ other divisions, offset by the lower contribution from\"},{\"bbox\":[332.8,2268.7,2132.0,2329.0],\"text\":\"the Divergent series and approximately $5 million of one-time transaction costs related to the acquisition of\"},{\"bbox\":[333.4,2338.6,510.9,2378.9],\"text\":\"Harlequin.\"}],\"order\":23,\"text\":\"For the fiscal year ended June 30, 2015, Segment EBITDA at the Book Publishing segment increased $24\\nmillion, or 12%, as compared to fiscal 2014. The increase was primarily the result of the Harlequin acquisition,\\nwhich contributed $32 million to Segment EBITDA, strong backlist sales in the general and children’s books\\ncategories and lower expenses at HarperCollins’ other divisions, offset by the lower contribution from\\nthe Divergent series and approximately $5 million of one-time transaction costs related to the acquisition of\\nHarlequin.\"},{\"bbox\":[1270.4,2970.5,1312.6,3009.1],\"lines\":[{\"bbox\":[1270.4,2970.5,1312.6,3009.1],\"text\":\"60\"}],\"order\":24,\"text\":\"60\"}],\"doc\":\"fintabnet:NWS_2016\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"News America Marketing\\n\\nRevenues at News America Marketing decreased 7% for the fiscal year ended June 30, 2015 as compared to\\nfiscal 2014, primarily due to decreased revenues for free-standing insert products of $87 million.\\n\\nBook Publishing (20% and 17% of the Company’s consolidated revenues in fiscal 2015 and 2014,\\nrespectively)\\n\\nFor the fiscal years ended June 30,\\n2015\\n2014\\nChange % Change\\nBetter/(Worse)\\n\\n(in millions, except %)\\n\\nRevenues:\\nConsumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 1,594\\n73\\n\\n$ 1,374\\n60\\n\\n$ 220\\n13\\n\\n16 %\\n22 %\\n\\nTotal Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOperating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSelling, general and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,667\\n(1,106)\\n(340)\\n\\n1,434\\n(1,029)\\n(208)\\n\\n233\\n(77)\\n(132)\\n\\n16 %\\n(7)%\\n(63)%\\n\\nSegment EBITDA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n$\\n\\n$ 24\\n\\n12 %\\n\\n221\\n\\n197\\n\\nFor the fiscal year ended June 30, 2015, revenues at the Book Publishing segment increased $233 million, or\\n16%, as compared to fiscal 2014. The increase was primarily the result of the acquisition of Harlequin, which\\ncontributed $281 million of revenues during fiscal 2015. Consumer revenues associated with print and digital\\nbook sales at HarperCollins’ other divisions decreased $44 million, as increased backlist sales in the general and\\nchildren’s books categories, notably American Sniper by Chris Kyle, partially offset lower revenues from the\\nDivergent series by Veronica Roth of $84 million and the negative impact of foreign currency fluctuations. The\\nCompany sold 8.3 million net units of the Divergent series in the fiscal year ended June 30, 2015 as compared to\\n19.2 million net units in fiscal 2014. The impact of foreign currency fluctuations of the U.S. dollar against local\\ncurrencies resulted in a revenue decrease of $20 million, or 1%, for the fiscal year ended June 30, 2015. Digital\\nsales, which consist of revenues generated through the sale of e-books and digital audio books, represented 22%\\nof Consumer revenues during the fiscal year ended June 30, 2015. Digital sales increased 11% as compared to\\nfiscal 2014 due to the inclusion of Harlequin results and increased digital audio book sales, partially offset by the\\nlower contribution from the Divergent series as well as a shift towards the non-fiction genre, which has lower e-\\nbook conversion. During the fiscal year ended June 30, 2015, HarperCollins had 214 titles on The New York\\nTimes print and digital bestseller lists, with 15 titles reaching the number one position.\\n\\nFor the fiscal year ended June 30, 2015, Segment EBITDA at the Book Publishing segment increased $24\\nmillion, or 12%, as compared to fiscal 2014. The increase was primarily the result of the Harlequin acquisition,\\nwhich contributed $32 million to Segment EBITDA, strong backlist sales in the general and children’s books\\ncategories and lower expenses at HarperCollins’ other divisions, offset by the lower contribution from\\nthe Divergent series and approximately $5 million of one-time transaction costs related to the acquisition of\\nHarlequin.\\n\\n60\",\"name\":\"fintabnet.NWS_2016_page_74__300dpi_mild\",\"page_id\":\"fintabnet.NWS_2016_page_74\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.705,\"source\":\"fintabnet\",\"source_id\":\"NWS_2016_page_74\",\"stack\":[{\"deg\":0.705,\"op\":\"skew\"},{\"amp\":0.043,\"angle\":82.2,\"blob\":0.33,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.3},{\"op\":\"noise\",\"sigma\":2.884},{\"gain\":0.919,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":73}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[313.1,665.7,2219.3,1212.4],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21],\"cells\":null}],\"text\":\"News America Marketing\\n\\nRevenues at News America Marketing decreased 7% for the fiscal year ended June 30, 2015 as compared to\\nfiscal 2014, primarily due to decreased revenues for free-standing insert products of $87 million.\\n\\nBook Publishing (20% and 17% of the Company’s consolidated revenues in fiscal 2015 and 2014,\\nrespectively)\\n\\nFor the fiscal years ended June 30,\\n2015\\n2014\\nChange % Change\\nBetter/(Worse)\\n\\n(in millions, except %)\\n\\nRevenues:\\nConsumer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 1,594\\n73\\n\\n$ 1,374\\n60\\n\\n$ 220\\n13\\n\\n16 %\\n22 %\\n\\nTotal Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOperating expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSelling, general and administrative . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,667\\n(1,106)\\n(340)\\n\\n1,434\\n(1,029)\\n(208)\\n\\n233\\n(77)\\n(132)\\n\\n16 %\\n(7)%\\n(63)%\\n\\nSegment EBITDA . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n$\\n\\n$ 24\\n\\n12 %\\n\\n221\\n\\n197\\n\\nFor the fiscal year ended June 30, 2015, revenues at the Book Publishing segment increased $233 million, or\\n16%, as compared to fiscal 2014. The increase was primarily the result of the acquisition of Harlequin, which\\ncontributed $281 million of revenues during fiscal 2015. Consumer revenues associated with print and digital\\nbook sales at HarperCollins’ other divisions decreased $44 million, as increased backlist sales in the general and\\nchildren’s books categories, notably American Sniper by Chris Kyle, partially offset lower revenues from the\\nDivergent series by Veronica Roth of $84 million and the negative impact of foreign currency fluctuations. The\\nCompany sold 8.3 million net units of the Divergent series in the fiscal year ended June 30, 2015 as compared to\\n19.2 million net units in fiscal 2014. The impact of foreign currency fluctuations of the U.S. dollar against local\\ncurrencies resulted in a revenue decrease of $20 million, or 1%, for the fiscal year ended June 30, 2015. Digital\\nsales, which consist of revenues generated through the sale of e-books and digital audio books, represented 22%\\nof Consumer revenues during the fiscal year ended June 30, 2015. Digital sales increased 11% as compared to\\nfiscal 2014 due to the inclusion of Harlequin results and increased digital audio book sales, partially offset by the\\nlower contribution from the Divergent series as well as a shift towards the non-fiction genre, which has lower e-\\nbook conversion. During the fiscal year ended June 30, 2015, HarperCollins had 214 titles on The New York\\nTimes print and digital bestseller lists, with 15 titles reaching the number one position.\\n\\nFor the fiscal year ended June 30, 2015, Segment EBITDA at the Book Publishing segment increased $24\\nmillion, or 12%, as compared to fiscal 2014. The increase was primarily the result of the Harlequin acquisition,\\nwhich contributed $32 million to Segment EBITDA, strong backlist sales in the general and children’s books\\ncategories and lower expenses at HarperCollins’ other divisions, offset by the lower contribution from\\nthe Divergent series and approximately $5 million of one-time transaction costs related to the acquisition of\\nHarlequin.\\n\\n60\"},\"name\":\"fintabnet.NWS_2016_page_74__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":718043,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:NWS_2016\",\"dpi\":300,\"gt_sha256\":\"acd8677623ff8f4fdfac821c0a14a718acd4de67c5e950e2e83faf069716bf76\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.NWS_2016_page_74__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.NWS_2016_page_74\",\"pdf_sha256\":\"85de6fc1db109bd9c7e321c27b4e341563ca75541502cc08f3bced68786e3978\",\"px\":[2550,3300],\"scan\":{\"render\":\"000000003ff0203c303c303c3ffc3ffc3ffc3ff83ffc20000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"NWS_2016_page_74\",\"src\":{\"file_sha256\":\"ffe36b385f012bec08be9a8ac67942110a89a726c248d3cd3c9b588bb7ab9915\",\"render\":\"000010003ff0003c303c383c3ffc3ffc3ffc3ff83ffc20000000000000000000\",\"text\":\"e9603f4d5a52578d5455a1b9a63162bddae8d3357b98c8351d319dce1419e3fe\"},\"stack\":[{\"deg\":0.705,\"op\":\"skew\"},{\"amp\":0.043,\"angle\":82.2,\"blob\":0.33,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.3},{\"op\":\"noise\",\"sigma\":2.884},{\"gain\":0.919,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":73}],\"tools\":\"21647cade0ee\"},\"sha256\":\"85de6fc1db109bd9c7e321c27b4e341563ca75541502cc08f3bced68786e3978\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/85de6fc1db109bd9c7e321c27b4e341563ca75541502cc08f3bced68786e3978.pdf","asset_sha256":"85de6fc1db109bd9c7e321c27b4e341563ca75541502cc08f3bced68786e3978","document_id":"fintabnet:NWS_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NWS_2016_page_74\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"NWS_2017_page_98\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:NWS_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[226.6,105.2,630.8,158.5],\"lines\":[{\"bbox\":[353.8,106.3,503.9,120.2],\"text\":\"NEWS CORPORATION\"},{\"bbox\":[308.1,126.4,549.4,141.1],\"text\":\"CONSOLIDATED BALANCE SHEETS\"},{\"bbox\":[226.6,142.3,630.4,158.5],\"text\":\"(IN MILLIONS, EXCEPT SHARE AND PER SHARE AMOUNTS)\"}],\"order\":0,\"text\":\"NEWS CORPORATION\\nCONSOLIDATED BALANCE SHEETS\\n(IN MILLIONS, EXCEPT SHARE AND PER SHARE AMOUNTS)\"},{\"bbox\":[652.1,166.9,733.6,194.3],\"lines\":[{\"bbox\":[659.6,166.9,726.3,177.6],\"text\":\"As of June 30,\"},{\"bbox\":[652.1,183.5,674.4,193.8],\"text\":\"2017\"},{\"bbox\":[711.2,184.0,733.5,194.3],\"text\":\"2016\"}],\"order\":1,\"text\":\"As of June 30,\\n2017\\n2016\"},{\"bbox\":[600.3,183.1,626.9,193.3],\"lines\":[{\"bbox\":[600.3,183.1,626.9,193.3],\"text\":\"Notes\"}],\"order\":2,\"text\":\"Notes\"},{\"bbox\":[109.4,196.9,586.3,434.7],\"lines\":[{\"bbox\":[111.3,196.9,153.1,209.8],\"text\":\"Assets:\"},{\"bbox\":[111.2,211.5,193.6,225.0],\"text\":\"Current assets:\"},{\"bbox\":[111.1,226.1,586.0,243.0],\"text\":\"Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[111.0,240.7,585.9,257.6],\"text\":\"Restricted cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[110.8,255.2,585.8,272.2],\"text\":\"Receivables, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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2016, respectively.\"},{\"bbox\":[132.9,900.6,686.2,918.2],\"text\":\"Class B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares\"},{\"bbox\":[132.7,915.2,726.2,933.2],\"text\":\"authorized, 199,630,240 shares issued and outstanding, net of 78,430,424 treasury shares at par at June 30,\"},{\"bbox\":[132.6,929.8,342.6,944.4],\"text\":\"2017 and June 30, 2016, respectively.\"}],\"order\":30,\"text\":\"Class A common stock, $0.01 par value per share (“Class A Common Stock”), 1,500,000,000 shares\\nauthorized, 382,294,262 and 380,490,770 shares issued and outstanding, net of 27,368,413 treasury shares at\\npar at June 30, 2017 and June 30, 2016, respectively.\\nClass B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares\\nauthorized, 199,630,240 shares issued and outstanding, net of 78,430,424 treasury shares at par at June 30,\\n2017 and June 30, 2016, respectively.\"},{\"bbox\":[155.9,954.4,686.5,971.8],\"lines\":[{\"bbox\":[155.9,954.4,686.5,971.8],\"text\":\"The accompanying notes are an integral part of these audited consolidated financial statements.\"}],\"order\":31,\"text\":\"The accompanying notes are an integral part of these audited consolidated financial statements.\"},{\"bbox\":[414.0,990.2,428.0,1003.0],\"lines\":[{\"bbox\":[414.0,990.2,428.0,1003.0],\"text\":\"84\"}],\"order\":32,\"text\":\"84\"}],\"doc\":\"fintabnet:NWS_2017\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"NEWS CORPORATION\\nCONSOLIDATED BALANCE SHEETS\\n(IN MILLIONS, EXCEPT SHARE AND PER SHARE AMOUNTS)\\n\\n|  |  | As of June 30, |  |\\n| --- | --- | --- | --- |\\n|  |  Notes | 2017 | 2016 |\\n|  Assets: |  |  |  |\\n| Current assets: |  |  |  |\\n| Cash and cash equivalents |  | $2,016 | $1,832 |\\n| Restricted cash | 2 | — | 315 |\\n| Receivables, net | 2 | 1,276 | 1,229 |\\n| Other current assets | 20 | 523 | 513 |\\n| Total current assets |  | 3,815 | 3,889 |\\n| Non-current assets: |  |  |  |\\n| Investments | 6 | 2,027 | 2,270 |\\n| Property, plant and equipment, net | 7 | 1,624 | 2,405 |\\n| Intangible assets, net | 8 | 2,281 | 2,207 |\\n| Goodwill | 8 | 3,838 | 3,714 |\\n| Deferred income tax assets | 18 | 525 | 602 |\\n| Other non-current assets | 20 | 442 | 396 |\\n| Total assets |  | $14,552 | $15,483 |\\n|  Liabilities and Equity: |  |  |  |\\n| Current liabilities: |  |  |  |\\n| Accounts payable |  | $222 | $217 |\\n| Accrued expenses |  | 1,204 | 1,371 |\\n| Deferred revenue |  | 426 | 388 |\\n| Other current liabilities | 20 | 600 | 466 |\\n| Total current liabilities |  | 2,452 | 2,442 |\\n| Non-current liabilities: |  |  |  |\\n| Borrowings | 9 | 276 | 369 |\\n| Retirement benefit obligations | 16 | 319 | 350 |\\n| Deferred income tax liabilities | 18 | 61 | 171 |\\n| Other non-current liabilities |  | 351 | 349 |\\n| Commitments and contingencies | 15 |  |  |\\n| Redeemable preferred stock | 10 | 20 | 20 |\\n| Class A common stock(a) |  | 4 | 4 |\\n| Class B common stock(b) |  | 2 | 2 |\\n| Additional paid-in capital |  | 12,395 | 12,434 |\\n| (Accumulated deficit) retained earnings |  | (648) | 150 |\\n| Accumulated other comprehensive loss |  | (964) | (1,026) |\\n| Total News Corporation stockholders’ equity |  | 10,789 | 11,564 |\\n| Noncontrolling interests |  | 284 | 218 |\\n| Total equity |  | 11,073 | 11,782 |\\n| Total liabilities and equity |  | $14,552 | $15,483 |\\n\\n(b)\\n\\nClass A common stock, $0.01 par value per share (“Class A Common Stock”), 1,500,000,000 shares\\nauthorized, 382,294,262 and 380,490,770 shares issued and outstanding, net of 27,368,413 treasury shares at\\npar at June 30, 2017 and June 30, 2016, respectively.\\nClass B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares\\nauthorized, 199,630,240 shares issued and outstanding, net of 78,430,424 treasury shares at par at June 30,\\n2017 and June 30, 2016, respectively.\\n\\nThe accompanying notes are an integral part of these audited consolidated financial statements.\\n\\n84\",\"name\":\"fintabnet.NWS_2017_page_98__100dpi_mild\",\"page_id\":\"fintabnet.NWS_2017_page_98\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.509,\"source\":\"fintabnet\",\"source_id\":\"NWS_2017_page_98\",\"stack\":[{\"deg\":-0.509,\"op\":\"skew\"},{\"amp\":0.046,\"angle\":34.6,\"blob\":0.788,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.422},{\"gain\":0.89,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":70}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[105.5,159.3,749.7,870.5],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,17,18,19,20,21,22,23,24,25,26,27,28,29],\"cells\":[{\"bbox\":[659.6,165.8,726.3,177.6],\"c0\":2,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\"As of June 30,\"},{\"bbox\":[600.3,182.0,626.9,193.3],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\" Notes\"},{\"bbox\":[652.1,182.4,674.5,193.8],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2017\"},{\"bbox\":[711.2,183.0,733.5,194.3],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"2016\"},{\"bbox\":[111.3,195.6,153.1,209.8],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\" Assets:\"},{\"bbox\":[111.2,210.3,193.6,225.0],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Current assets:\"},{\"bbox\":[111.1,224.9,257.5,240.1],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Cash and cash equivalents\"},{\"bbox\":[640.2,229.6,685.5,243.9],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"$2,016\"},{\"bbox\":[699.3,230.1,744.5,244.4],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"$1,832\"},{\"bbox\":[111.0,239.5,195.7,254.1],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Restricted cash\"},{\"bbox\":[612.9,244.0,620.0,257.9],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"2\"},{\"bbox\":[664.4,244.4,678.4,258.4],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"—\"},{\"bbox\":[723.4,244.9,744.4,259.0],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"315\"},{\"bbox\":[110.8,254.1,202.1,268.8],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Receivables, net\"},{\"bbox\":[612.8,258.5,619.9,272.5],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"2\"},{\"bbox\":[653.9,258.9,685.2,273.1],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"1,276\"},{\"bbox\":[712.9,259.4,744.3,273.6],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"1,229\"},{\"bbox\":[110.7,268.7,221.3,283.5],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Other current assets\"},{\"bbox\":[605.7,273.1,619.8,287.1],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"20\"},{\"bbox\":[664.1,273.6,685.1,287.7],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"523\"},{\"bbox\":[723.2,274.1,744.1,288.2],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"513\"},{\"bbox\":[110.5,288.8,218.8,303.7],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Total current assets\"},{\"bbox\":[653.6,293.6,684.9,307.8],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"3,815\"},{\"bbox\":[712.6,294.1,743.9,308.3],\"c0\":3,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"3,889\"},{\"bbox\":[110.3,308.9,218.2,323.8],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Non-current assets:\"},{\"bbox\":[110.2,323.5,177.5,338.0],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Investments\"},{\"bbox\":[612.2,328.0,619.3,341.9],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"6\"},{\"bbox\":[653.2,328.3,684.6,342.5],\"c0\":2,\"c1\":2,\"r0\":10,\"r1\":10,\"text\":\"2,027\"},{\"bbox\":[712.3,328.9,743.6,343.0],\"c0\":3,\"c1\":3,\"r0\":10,\"r1\":10,\"text\":\"2,270\"},{\"bbox\":[110.1,338.1,302.6,353.7],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"Property, plant and equipment, net\"},{\"bbox\":[612.1,342.6,619.1,356.5],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"7\"},{\"bbox\":[653.1,342.9,684.5,357.1],\"c0\":2,\"c1\":2,\"r0\":11,\"r1\":11,\"text\":\"1,624\"},{\"bbox\":[712.1,343.4,743.5,357.6],\"c0\":3,\"c1\":3,\"r0\":11,\"r1\":11,\"text\":\"2,405\"},{\"bbox\":[110.0,352.7,226.4,367.6],\"c0\":0,\"c1\":0,\"r0\":12,\"r1\":12,\"text\":\"Intangible assets, net\"},{\"bbox\":[611.9,357.1,619.0,371.1],\"c0\":1,\"c1\":1,\"r0\":12,\"r1\":12,\"text\":\"8\"},{\"bbox\":[653.0,357.5,684.4,371.7],\"c0\":2,\"c1\":2,\"r0\":12,\"r1\":12,\"text\":\"2,281\"},{\"bbox\":[712.0,358.0,743.4,372.2],\"c0\":3,\"c1\":3,\"r0\":12,\"r1\":12,\"text\":\"2,207\"},{\"bbox\":[109.8,367.3,162.4,381.6],\"c0\":0,\"c1\":0,\"r0\":13,\"r1\":13,\"text\":\"Goodwill\"},{\"bbox\":[611.8,371.7,618.9,385.7],\"c0\":1,\"c1\":1,\"r0\":13,\"r1\":13,\"text\":\"8\"},{\"bbox\":[652.9,372.1,684.2,386.3],\"c0\":2,\"c1\":2,\"r0\":13,\"r1\":13,\"text\":\"3,838\"},{\"bbox\":[711.9,372.6,743.3,386.8],\"c0\":3,\"c1\":3,\"r0\":13,\"r1\":13,\"text\":\"3,714\"},{\"bbox\":[109.7,381.8,260.1,397.1],\"c0\":0,\"c1\":0,\"r0\":14,\"r1\":14,\"text\":\"Deferred income tax assets\"},{\"bbox\":[604.7,386.2,618.8,400.3],\"c0\":1,\"c1\":1,\"r0\":14,\"r1\":14,\"text\":\"18\"},{\"bbox\":[663.1,386.8,684.1,400.9],\"c0\":2,\"c1\":2,\"r0\":14,\"r1\":14,\"text\":\"525\"},{\"bbox\":[722.2,387.3,743.1,401.4],\"c0\":3,\"c1\":3,\"r0\":14,\"r1\":14,\"text\":\"602\"},{\"bbox\":[109.5,396.4,245.6,411.5],\"c0\":0,\"c1\":0,\"r0\":15,\"r1\":15,\"text\":\"Other non-current assets\"},{\"bbox\":[604.6,400.8,618.6,414.9],\"c0\":1,\"c1\":1,\"r0\":15,\"r1\":15,\"text\":\"20\"},{\"bbox\":[663.0,401.3,684.0,415.4],\"c0\":2,\"c1\":2,\"r0\":15,\"r1\":15,\"text\":\"442\"},{\"bbox\":[722.0,401.9,743.0,416.0],\"c0\":3,\"c1\":3,\"r0\":15,\"r1\":15,\"text\":\"396\"},{\"bbox\":[137.2,416.8,202.5,431.3],\"c0\":0,\"c1\":0,\"r0\":16,\"r1\":16,\"text\":\"Total assets\"},{\"bbox\":[638.5,421.3,683.8,435.6],\"c0\":2,\"c1\":2,\"r0\":16,\"r1\":16,\"text\":\"$14,552\"},{\"bbox\":[697.6,421.8,742.8,436.1],\"c0\":3,\"c1\":3,\"r0\":16,\"r1\":16,\"text\":\"$15,483\"},{\"bbox\":[109.1,447.6,242.9,462.7],\"c0\":0,\"c1\":0,\"r0\":17,\"r1\":17,\"text\":\" Liabilities and Equity:\"},{\"bbox\":[109.0,462.4,210.7,477.2],\"c0\":0,\"c1\":0,\"r0\":18,\"r1\":18,\"text\":\"Current liabilities:\"},{\"bbox\":[108.8,477.0,208.1,491.8],\"c0\":0,\"c1\":0,\"r0\":19,\"r1\":19,\"text\":\"Accounts payable\"},{\"bbox\":[638.0,481.7,683.3,496.0],\"c0\":2,\"c1\":2,\"r0\":19,\"r1\":19,\"text\":\"$222\"},{\"bbox\":[697.0,482.2,742.3,496.5],\"c0\":3,\"c1\":3,\"r0\":19,\"r1\":19,\"text\":\"$217\"},{\"bbox\":[108.7,491.6,209.5,506.4],\"c0\":0,\"c1\":0,\"r0\":20,\"r1\":20,\"text\":\"Accrued expenses\"},{\"bbox\":[651.8,496.4,683.1,510.6],\"c0\":2,\"c1\":2,\"r0\":20,\"r1\":20,\"text\":\"1,204\"},{\"bbox\":[710.8,496.9,742.1,511.1],\"c0\":3,\"c1\":3,\"r0\":20,\"r1\":20,\"text\":\"1,371\"},{\"bbox\":[108.6,506.1,205.6,520.9],\"c0\":0,\"c1\":0,\"r0\":21,\"r1\":21,\"text\":\"Deferred revenue\"},{\"bbox\":[662.0,511.1,683.0,525.2],\"c0\":2,\"c1\":2,\"r0\":21,\"r1\":21,\"text\":\"426\"},{\"bbox\":[721.1,511.6,742.0,525.7],\"c0\":3,\"c1\":3,\"r0\":21,\"r1\":21,\"text\":\"388\"},{\"bbox\":[108.5,520.7,238.3,535.8],\"c0\":0,\"c1\":0,\"r0\":22,\"r1\":22,\"text\":\"Other current liabilities\"},{\"bbox\":[603.5,525.1,617.5,539.2],\"c0\":1,\"c1\":1,\"r0\":22,\"r1\":22,\"text\":\"20\"},{\"bbox\":[661.9,525.6,682.9,539.7],\"c0\":2,\"c1\":2,\"r0\":22,\"r1\":22,\"text\":\"600\"},{\"bbox\":[720.9,526.2,741.9,540.3],\"c0\":3,\"c1\":3,\"r0\":22,\"r1\":22,\"text\":\"466\"},{\"bbox\":[108.3,540.9,235.9,555.9],\"c0\":0,\"c1\":0,\"r0\":23,\"r1\":23,\"text\":\"Total current liabilities\"},{\"bbox\":[651.3,545.7,682.7,559.9],\"c0\":2,\"c1\":2,\"r0\":23,\"r1\":23,\"text\":\"2,452\"},{\"bbox\":[710.3,546.2,741.7,560.4],\"c0\":3,\"c1\":3,\"r0\":23,\"r1\":23,\"text\":\"2,442\"},{\"bbox\":[108.1,561.0,235.3,576.0],\"c0\":0,\"c1\":0,\"r0\":24,\"r1\":24,\"text\":\"Non-current liabilities:\"},{\"bbox\":[108.0,575.6,173.7,590.1],\"c0\":0,\"c1\":0,\"r0\":25,\"r1\":25,\"text\":\"Borrowings\"},{\"bbox\":[610.0,580.0,617.0,594.0],\"c0\":1,\"c1\":1,\"r0\":25,\"r1\":25,\"text\":\"9\"},{\"bbox\":[661.4,580.5,682.4,594.6],\"c0\":2,\"c1\":2,\"r0\":25,\"r1\":25,\"text\":\"276\"},{\"bbox\":[720.4,581.0,741.4,595.1],\"c0\":3,\"c1\":3,\"r0\":25,\"r1\":25,\"text\":\"369\"},{\"bbox\":[107.8,590.2,277.2,605.6],\"c0\":0,\"c1\":0,\"r0\":26,\"r1\":26,\"text\":\"Retirement benefit obligations\"},{\"bbox\":[602.9,594.6,616.9,608.6],\"c0\":1,\"c1\":1,\"r0\":26,\"r1\":26,\"text\":\"16\"},{\"bbox\":[661.3,595.1,682.2,609.2],\"c0\":2,\"c1\":2,\"r0\":26,\"r1\":26,\"text\":\"319\"},{\"bbox\":[720.3,595.6,741.3,609.7],\"c0\":3,\"c1\":3,\"r0\":26,\"r1\":26,\"text\":\"350\"},{\"bbox\":[107.7,604.8,277.4,620.2],\"c0\":0,\"c1\":0,\"r0\":27,\"r1\":27,\"text\":\"Deferred income tax liabilities\"},{\"bbox\":[602.8,609.2,616.8,623.2],\"c0\":1,\"c1\":1,\"r0\":27,\"r1\":27,\"text\":\"18\"},{\"bbox\":[668.1,609.7,682.1,623.8],\"c0\":2,\"c1\":2,\"r0\":27,\"r1\":27,\"text\":\"61\"},{\"bbox\":[720.2,610.2,741.1,624.3],\"c0\":3,\"c1\":3,\"r0\":27,\"r1\":27,\"text\":\"171\"},{\"bbox\":[107.6,619.3,263.0,634.6],\"c0\":0,\"c1\":0,\"r0\":28,\"r1\":28,\"text\":\"Other non-current liabilities\"},{\"bbox\":[661.0,624.3,682.0,638.3],\"c0\":2,\"c1\":2,\"r0\":28,\"r1\":28,\"text\":\"351\"},{\"bbox\":[720.1,624.8,741.0,638.9],\"c0\":3,\"c1\":3,\"r0\":28,\"r1\":28,\"text\":\"349\"},{\"bbox\":[107.4,642.3,289.8,657.8],\"c0\":0,\"c1\":0,\"r0\":29,\"r1\":29,\"text\":\"Commitments and contingencies\"},{\"bbox\":[602.4,646.7,616.4,660.7],\"c0\":1,\"c1\":1,\"r0\":29,\"r1\":29,\"text\":\"15\"},{\"bbox\":[107.2,665.2,263.4,680.5],\"c0\":0,\"c1\":0,\"r0\":30,\"r1\":30,\"text\":\"Redeemable preferred stock\"},{\"bbox\":[602.2,669.6,616.2,683.6],\"c0\":1,\"c1\":1,\"r0\":30,\"r1\":30,\"text\":\"10\"},{\"bbox\":[667.6,670.1,681.6,684.2],\"c0\":2,\"c1\":2,\"r0\":30,\"r1\":30,\"text\":\"20\"},{\"bbox\":[726.6,670.7,740.6,684.7],\"c0\":3,\"c1\":3,\"r0\":30,\"r1\":30,\"text\":\"20\"},{\"bbox\":[107.0,688.1,245.7,703.2],\"c0\":0,\"c1\":0,\"r0\":31,\"r1\":31,\"text\":\"Class A common stock(a)\"},{\"bbox\":[674.3,693.1,681.4,707.1],\"c0\":2,\"c1\":2,\"r0\":31,\"r1\":31,\"text\":\"4\"},{\"bbox\":[733.3,693.6,740.4,707.6],\"c0\":3,\"c1\":3,\"r0\":31,\"r1\":31,\"text\":\"4\"},{\"bbox\":[106.8,702.7,245.3,717.8],\"c0\":0,\"c1\":0,\"r0\":32,\"r1\":32,\"text\":\"Class B common stock(b)\"},{\"bbox\":[674.2,707.7,681.2,721.7],\"c0\":2,\"c1\":2,\"r0\":32,\"r1\":32,\"text\":\"2\"},{\"bbox\":[733.2,708.2,740.3,722.2],\"c0\":3,\"c1\":3,\"r0\":32,\"r1\":32,\"text\":\"2\"},{\"bbox\":[106.7,717.2,249.8,732.4],\"c0\":0,\"c1\":0,\"r0\":33,\"r1\":33,\"text\":\"Additional paid-in capital\"},{\"bbox\":[642.8,722.0,681.1,736.3],\"c0\":2,\"c1\":2,\"r0\":33,\"r1\":33,\"text\":\"12,395\"},{\"bbox\":[701.8,722.5,740.1,736.8],\"c0\":3,\"c1\":3,\"r0\":33,\"r1\":33,\"text\":\"12,434\"},{\"bbox\":[106.6,731.8,328.1,747.7],\"c0\":0,\"c1\":0,\"r0\":34,\"r1\":34,\"text\":\"(Accumulated deficit) retained earnings\"},{\"bbox\":[655.4,736.7,685.6,750.9],\"c0\":2,\"c1\":2,\"r0\":34,\"r1\":34,\"text\":\"(648)\"},{\"bbox\":[719.1,737.3,740.0,751.4],\"c0\":3,\"c1\":3,\"r0\":34,\"r1\":34,\"text\":\"150\"},{\"bbox\":[106.5,746.4,325.6,762.3],\"c0\":0,\"c1\":0,\"r0\":35,\"r1\":35,\"text\":\"Accumulated other comprehensive loss\"},{\"bbox\":[655.3,751.3,685.5,765.5],\"c0\":2,\"c1\":2,\"r0\":35,\"r1\":35,\"text\":\"(964)\"},{\"bbox\":[703.9,751.7,744.5,766.0],\"c0\":3,\"c1\":3,\"r0\":35,\"r1\":35,\"text\":\"(1,026)\"},{\"bbox\":[134.1,766.8,386.0,782.9],\"c0\":0,\"c1\":0,\"r0\":36,\"r1\":36,\"text\":\"Total News Corporation stockholders’ equity\"},{\"bbox\":[642.4,771.3,680.7,785.6],\"c0\":2,\"c1\":2,\"r0\":36,\"r1\":36,\"text\":\"10,789\"},{\"bbox\":[701.4,771.8,739.7,786.1],\"c0\":3,\"c1\":3,\"r0\":36,\"r1\":36,\"text\":\"11,564\"},{\"bbox\":[106.1,781.1,241.0,796.2],\"c0\":0,\"c1\":0,\"r0\":37,\"r1\":37,\"text\":\"Noncontrolling interests\"},{\"bbox\":[659.6,786.1,680.6,800.1],\"c0\":2,\"c1\":2,\"r0\":37,\"r1\":37,\"text\":\"284\"},{\"bbox\":[718.6,786.6,739.6,800.7],\"c0\":3,\"c1\":3,\"r0\":37,\"r1\":37,\"text\":\"218\"},{\"bbox\":[133.7,801.5,201.4,816.0],\"c0\":0,\"c1\":0,\"r0\":38,\"r1\":38,\"text\":\"Total equity\"},{\"bbox\":[642.1,806.0,680.4,820.3],\"c0\":2,\"c1\":2,\"r0\":38,\"r1\":38,\"text\":\"11,073\"},{\"bbox\":[701.1,806.6,739.4,820.8],\"c0\":3,\"c1\":3,\"r0\":38,\"r1\":38,\"text\":\"11,782\"},{\"bbox\":[133.6,821.7,280.2,836.9],\"c0\":0,\"c1\":0,\"r0\":39,\"r1\":39,\"text\":\"Total liabilities and equity\"},{\"bbox\":[634.9,826.1,680.2,840.4],\"c0\":2,\"c1\":2,\"r0\":39,\"r1\":39,\"text\":\"$14,552\"},{\"bbox\":[694.0,826.6,739.2,840.9],\"c0\":3,\"c1\":3,\"r0\":39,\"r1\":39,\"text\":\"$15,483\"}]}],\"text\":\"NEWS CORPORATION\\nCONSOLIDATED BALANCE SHEETS\\n(IN MILLIONS, EXCEPT SHARE AND PER SHARE AMOUNTS)\\n\\nAs of June 30,\\n2017\\n2016\\n\\nNotes\\n\\nAssets:\\nCurrent assets:\\nCash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRestricted cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nReceivables, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNon-current assets:\\nInvestments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProperty, plant and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIntangible assets, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGoodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeferred income tax assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther non-current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nLiabilities and Equity:\\nCurrent liabilities:\\nAccounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccrued expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeferred revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNon-current liabilities:\\nBorrowings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRetirement benefit obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeferred income tax liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther non-current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2\\n2\\n20\\n\\n6\\n7\\n8\\n8\\n18\\n20\\n\\n20\\n\\n9\\n16\\n18\\n\\nCommitments and contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n15\\n\\nRedeemable preferred stock . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n10\\n\\nClass A common stock (a)\\n\\n................................................\\nClass B common stock (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdditional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(Accumulated deficit) retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccumulated other comprehensive loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal News Corporation stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNoncontrolling interests . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal liabilities and equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(a)\\n\\n(b)\\n\\n$ 2,016\\n—\\n1,276\\n523\\n3,815\\n\\n$ 1,832\\n315\\n1,229\\n513\\n3,889\\n\\n2,027\\n1,624\\n2,281\\n3,838\\n525\\n442\\n$14,552\\n\\n2,270\\n2,405\\n2,207\\n3,714\\n602\\n396\\n$15,483\\n\\n$\\n\\n$\\n\\n222\\n1,204\\n426\\n600\\n2,452\\n\\n217\\n1,371\\n388\\n466\\n2,442\\n\\n276\\n319\\n61\\n351\\n\\n369\\n350\\n171\\n349\\n\\n20\\n\\n20\\n\\n4\\n4\\n2\\n2\\n12,395\\n12,434\\n(648)\\n150\\n(964) (1,026)\\n10,789\\n11,564\\n284\\n218\\n11,073\\n11,782\\n$14,552 $15,483\\n\\nClass A common stock, $0.01 par value per share (“Class A Common Stock”), 1,500,000,000 shares\\nauthorized, 382,294,262 and 380,490,770 shares issued and outstanding, net of 27,368,413 treasury shares at\\npar at June 30, 2017 and June 30, 2016, respectively.\\nClass B common stock, $0.01 par value per share (“Class B Common Stock”), 750,000,000 shares\\nauthorized, 199,630,240 shares issued and outstanding, net of 78,430,424 treasury shares at par at June 30,\\n2017 and June 30, 2016, respectively.\\n\\nThe accompanying notes are an integral part of these audited consolidated financial statements.\\n\\n84\"},\"name\":\"fintabnet.NWS_2017_page_98__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":102642,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:NWS_2017\",\"dpi\":100,\"gt_sha256\":\"c6f0021722ef6508d09a2fb3471553a08ea6e1c03d236105f2271a34e7aa3b18\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"OKE_2014_page_163\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:OKE_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[273.2,114.8,2341.0,421.7],\"lines\":[{\"bbox\":[280.7,114.8,2317.9,270.7],\"text\":\"purchased natural gas from our former energy services business for its natural gas liquids and its natural gas gathering and\"},{\"bbox\":[278.2,164.7,2338.5,321.8],\"text\":\"processing operations. While these transactions were eliminated in consolidation in prior periods, they are now reflected as\"},{\"bbox\":[275.7,214.7,2325.8,371.2],\"text\":\"affiliate transactions and not eliminated in consolidation for all periods presented as these transactions have continued with\"},{\"bbox\":[273.2,264.6,1768.4,393.5],\"text\":\"either ONE Gas or other unaffiliated third parties. See Note B for additional information.\"}],\"order\":0,\"text\":\"purchased natural gas from our former energy services business for its natural gas liquids and its natural gas gathering and\\nprocessing operations. While these transactions were eliminated in consolidation in prior periods, they are now reflected as\\naffiliate transactions and not eliminated in consolidation for all periods presented as these transactions have continued with\\neither ONE Gas or other unaffiliated third parties. See Note B for additional information.\"},{\"bbox\":[248.4,364.5,2388.0,924.0],\"lines\":[{\"bbox\":[268.3,364.5,2354.0,522.8],\"text\":\"We provide a variety of services to our affiliates, including cash management and financial services, employee benefits, legal\"},{\"bbox\":[265.8,414.4,2376.8,574.0],\"text\":\"and administrative services by our employees and management, insurance and office space leased in our headquarters building\"},{\"bbox\":[263.3,464.3,2290.3,619.8],\"text\":\"and other field locations. Where costs are incurred specifically on behalf of an affiliate, the costs are billed directly to the\"},{\"bbox\":[260.8,514.3,2380.5,674.3],\"text\":\"affiliate by us. In other situations, the costs may be allocated to the affiliates through a variety of methods, depending upon the\"},{\"bbox\":[258.3,564.2,2369.5,723.8],\"text\":\"nature of the expenses and the activities of the affiliates. Beginning in the second quarter 2014, we allocate substantially all of\"},{\"bbox\":[255.8,614.2,2364.3,773.6],\"text\":\"our general overhead costs to ONEOK Partners as a result of the separation of our former natural gas distribution business and\"},{\"bbox\":[253.4,664.1,2288.2,819.9],\"text\":\"the wind down of our former energy services business in the first quarter 2014. For the first quarter 2014 and years ended\"},{\"bbox\":[250.9,714.0,2327.0,871.9],\"text\":\"December 31, 2013 and 2012, it is not practicable to determine what these general overhead costs would be on a stand-alone\"},{\"bbox\":[248.4,764.0,344.7,823.3],\"text\":\"basis.\"}],\"order\":1,\"text\":\"We provide a variety of services to our affiliates, including cash management and financial services, employee benefits, legal\\nand administrative services by our employees and management, insurance and office space leased in our headquarters building\\nand other field locations. Where costs are incurred specifically on behalf of an affiliate, the costs are billed directly to the\\naffiliate by us. In other situations, the costs may be allocated to the affiliates through a variety of methods, depending upon the\\nnature of the expenses and the activities of the affiliates. Beginning in the second quarter 2014, we allocate substantially all of\\nour general overhead costs to ONEOK Partners as a result of the separation of our former natural gas distribution business and\\nthe wind down of our former energy services business in the first quarter 2014. For the first quarter 2014 and years ended\\nDecember 31, 2013 and 2012, it is not practicable to determine what these general overhead costs would be on a stand-alone\\nbasis.\"},{\"bbox\":[243.4,863.8,1771.0,994.4],\"lines\":[{\"bbox\":[243.4,863.8,1771.0,994.4],\"text\":\"The following table shows ONEOK Partners’ transactions with us for the periods indicated:\"}],\"order\":2,\"text\":\"The following table shows ONEOK Partners’ transactions with us for the periods indicated:\"},{\"bbox\":[1709.8,1020.4,2356.1,1264.8],\"lines\":[{\"bbox\":[1759.7,1022.5,2197.0,1094.0],\"text\":\"Years Ended December 31,\"},{\"bbox\":[1934.7,1085.4,2012.1,1139.1],\"text\":\"2013\"},{\"bbox\":[2201.1,1098.7,2278.5,1152.3],\"text\":\"2012\"},{\"bbox\":[1798.6,1133.6,2142.4,1200.4],\"text\":\"(Thousands of dollars)\"},{\"bbox\":[1709.8,1182.7,1875.6,1241.3],\"text\":\"53,526 $\"},{\"bbox\":[1957.4,1196.3,2141.9,1254.6],\"text\":\"340,743 $\"},{\"bbox\":[2223.7,1209.6,2347.9,1264.8],\"text\":\"352,099\"}],\"order\":3,\"text\":\"Years Ended December 31,\\n2013\\n2012\\n(Thousands of dollars)\\n53,526 $\\n340,743 $\\n352,099\"},{\"bbox\":[1668.4,1072.2,1745.8,1125.8],\"lines\":[{\"bbox\":[1668.4,1072.2,1745.8,1125.8],\"text\":\"2014\"}],\"order\":4,\"text\":\"2014\"},{\"bbox\":[1588.1,1176.6,1609.3,1227.5],\"lines\":[{\"bbox\":[1588.1,1176.6,1609.3,1227.5],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[239.7,1110.8,387.8,1167.3],\"lines\":[{\"bbox\":[239.7,1110.8,387.8,1167.3],\"text\":\"Revenues\"}],\"order\":6,\"text\":\"Revenues\"},{\"bbox\":[226.3,1219.0,814.1,1459.3],\"lines\":[{\"bbox\":[234.4,1219.0,378.3,1275.3],\"text\":\"Expenses\"},{\"bbox\":[256.6,1274.4,581.6,1339.6],\"text\":\"Cost of sales and fuel\"},{\"bbox\":[253.9,1328.5,808.7,1405.2],\"text\":\"Administrative and general expenses\"},{\"bbox\":[276.2,1383.8,502.3,1444.1],\"text\":\"Total expenses\"}],\"order\":7,\"text\":\"Expenses\\nCost of sales and fuel\\nAdministrative and general expenses\\nTotal expenses\"},{\"bbox\":[1580.0,1338.9,1601.2,1389.8],\"lines\":[{\"bbox\":[1580.0,1338.9,1601.2,1389.8],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[1574.6,1447.1,1595.9,1498.0],\"lines\":[{\"bbox\":[1574.6,1447.1,1595.9,1498.0],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[1677.6,1344.1,1807.2,1508.2],\"lines\":[{\"bbox\":[1701.7,1345.0,1807.2,1400.0],\"text\":\"10,835\"},{\"bbox\":[1680.3,1398.2,1804.5,1454.1],\"text\":\"330,541\"},{\"bbox\":[1677.6,1452.3,1801.8,1508.2],\"text\":\"341,376\"}],\"order\":10,\"text\":\"10,835\\n330,541\\n341,376\"},{\"bbox\":[1846.3,1353.5,1867.5,1403.6],\"lines\":[{\"bbox\":[1846.3,1353.5,1867.5,1403.6],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[1840.9,1461.7,1862.1,1511.8],\"lines\":[{\"bbox\":[1840.9,1461.7,1862.1,1511.8],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[1943.9,1358.6,2073.5,1522.1],\"lines\":[{\"bbox\":[1968.1,1359.5,2073.5,1413.9],\"text\":\"37,963\"},{\"bbox\":[1946.6,1412.7,2070.8,1468.0],\"text\":\"265,448\"},{\"bbox\":[1943.9,1466.8,2068.1,1522.1],\"text\":\"303,411\"}],\"order\":13,\"text\":\"37,963\\n265,448\\n303,411\"},{\"bbox\":[2112.7,1366.7,2133.8,1416.9],\"lines\":[{\"bbox\":[2112.7,1366.7,2133.8,1416.9],\"text\":\"$\"}],\"order\":14,\"text\":\"$\"},{\"bbox\":[2107.3,1474.9,2128.5,1525.1],\"lines\":[{\"bbox\":[2107.3,1474.9,2128.5,1525.1],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[2210.3,1371.9,2339.8,1535.3],\"lines\":[{\"bbox\":[2234.4,1372.8,2339.8,1427.1],\"text\":\"33,094\"},{\"bbox\":[2213.0,1426.0,2337.1,1481.2],\"text\":\"246,050\"},{\"bbox\":[2210.3,1480.1,2334.5,1535.3],\"text\":\"279,144\"}],\"order\":16,\"text\":\"33,094\\n246,050\\n279,144\"},{\"bbox\":[194.7,1492.2,2304.0,2000.5],\"lines\":[{\"bbox\":[212.1,1492.2,2275.6,1649.5],\"text\":\"Prior to the ONE Gas separation, ONEOK Partners provided natural gas sales and transportation and storage services to our\"},{\"bbox\":[209.7,1542.2,2196.9,1695.6],\"text\":\"former natural gas distribution business. Prior to February 1, 2014, these revenues and related costs were eliminated in\"},{\"bbox\":[207.2,1592.1,2210.5,1746.4],\"text\":\"consolidation. Beginning February 1, 2014, these revenues represent third-party transactions with ONE Gas and are not\"},{\"bbox\":[204.7,1642.1,2186.1,1795.2],\"text\":\"eliminated in consolidation, as such sales and services have continued subsequent to the separation and are expected to\"},{\"bbox\":[202.2,1692.0,2283.3,1850.1],\"text\":\"continue in future periods. Prior to the completion of the energy services wind down, ONEOK Partners provided natural gas\"},{\"bbox\":[199.7,1741.9,2291.6,1900.6],\"text\":\"and natural gas liquids sales and transportation and storage services to our energy services business. While these transactions\"},{\"bbox\":[197.2,1791.9,2221.7,1947.2],\"text\":\"were eliminated in consolidation in previous periods, they are now reflected as affiliate transactions and not eliminated in\"},{\"bbox\":[194.7,1841.8,2206.3,1996.5],\"text\":\"consolidation as these transactions have continued with third parties. See Note B for additional detail on these revenues.\"}],\"order\":17,\"text\":\"Prior to the ONE Gas separation, ONEOK Partners provided natural gas sales and transportation and storage services to our\\nformer natural gas distribution business. Prior to February 1, 2014, these revenues and related costs were eliminated in\\nconsolidation. Beginning February 1, 2014, these revenues represent third-party transactions with ONE Gas and are not\\neliminated in consolidation, as such sales and services have continued subsequent to the separation and are expected to\\ncontinue in future periods. Prior to the completion of the energy services wind down, ONEOK Partners provided natural gas\\nand natural gas liquids sales and transportation and storage services to our energy services business. While these transactions\\nwere eliminated in consolidation in previous periods, they are now reflected as affiliate transactions and not eliminated in\\nconsolidation as these transactions have continued with third parties. See Note B for additional detail on these revenues.\"},{\"bbox\":[189.8,1940.9,233.0,1998.4],\"lines\":[{\"bbox\":[189.8,1940.9,233.0,1998.4],\"text\":\"R.\"}],\"order\":18,\"text\":\"R.\"},{\"bbox\":[339.6,1948.3,1137.7,2043.4],\"lines\":[{\"bbox\":[339.6,1948.3,1137.7,2043.4],\"text\":\"COMMITMENTS AND CONTINGENCIES\"}],\"order\":19,\"text\":\"COMMITMENTS AND CONTINGENCIES\"},{\"bbox\":[174.9,2040.8,2298.0,2401.0],\"lines\":[{\"bbox\":[184.8,2040.8,2298.0,2201.3],\"text\":\"Commitments - Operating leases represent future minimum lease payments under noncancelable leases covering office space,\"},{\"bbox\":[182.3,2091.5,2257.2,2249.3],\"text\":\"pipeline equipment, and vehicles. Rental expense in 2014, 2013 and 2012 was not material. ONEOK and ONEOK Partners\"},{\"bbox\":[179.8,2141.4,2291.8,2301.1],\"text\":\"have no material operating leases. Firm transportation and storage contracts are fixed-price contracts that provide us with firm\"},{\"bbox\":[177.4,2191.4,2264.2,2349.8],\"text\":\"transportation and storage capacity. The following table sets forth ONEOK Partners’ firm transportation and storage contract\"},{\"bbox\":[174.9,2241.3,1261.7,2349.9],\"text\":\"payments for our continuing operations for the periods indicated:\"}],\"order\":20,\"text\":\"Commitments - Operating leases represent future minimum lease payments under noncancelable leases covering office space,\\npipeline equipment, and vehicles. Rental expense in 2014, 2013 and 2012 was not material. ONEOK and ONEOK Partners\\nhave no material operating leases. Firm transportation and storage contracts are fixed-price contracts that provide us with firm\\ntransportation and storage capacity. The following table sets forth ONEOK Partners’ firm transportation and storage contract\\npayments for our continuing operations for the periods indicated:\"},{\"bbox\":[1674.0,2402.8,2050.2,3038.3],\"lines\":[{\"bbox\":[1834.4,2409.4,1918.0,2463.3],\"text\":\"Firm\"},{\"bbox\":[1751.2,2450.3,1996.5,2512.3],\"text\":\"Transportation\"},{\"bbox\":[1774.2,2496.3,1969.2,2555.8],\"text\":\"and Storage\"},{\"bbox\":[1789.2,2542.3,1949.8,2600.1],\"text\":\"Contracts\"},{\"bbox\":[1713.5,2593.6,2019.7,2658.6],\"text\":\"(Millions of dollars)\"},{\"bbox\":[1690.2,2647.3,1711.3,2697.5],\"text\":\"$\"},{\"bbox\":[1970.0,2661.2,2038.0,2713.7],\"text\":\"33.6\"},{\"bbox\":[1967.3,2715.3,2035.3,2767.8],\"text\":\"32.1\"},{\"bbox\":[1964.6,2769.4,2032.6,2821.9],\"text\":\"30.4\"},{\"bbox\":[1961.9,2823.5,2029.9,2876.0],\"text\":\"29.4\"},{\"bbox\":[1959.3,2877.6,2027.2,2930.1],\"text\":\"28.8\"},{\"bbox\":[1956.6,2931.7,2024.6,2984.2],\"text\":\"68.5\"},{\"bbox\":[1674.0,2971.9,1695.2,3022.1],\"text\":\"$\"},{\"bbox\":[1935.1,2984.9,2021.9,3038.3],\"text\":\"222.8\"}],\"order\":21,\"text\":\"Firm\\nTransportation\\nand Storage\\nContracts\\n(Millions of dollars)\\n$\\n33.6\\n32.1\\n30.4\\n29.4\\n28.8\\n68.5\\n$\\n222.8\"},{\"bbox\":[961.9,2456.2,1106.2,2558.0],\"lines\":[{\"bbox\":[964.1,2456.2,1106.1,2513.0],\"text\":\"ONEOK\"},{\"bbox\":[962.1,2501.1,1104.0,2558.0],\"text\":\"Partners\"}],\"order\":22,\"text\":\"ONEOK\\nPartners\"},{\"bbox\":[388.1,2583.3,562.7,2964.9],\"lines\":[{\"bbox\":[404.3,2583.3,481.6,2636.3],\"text\":\"2015\"},{\"bbox\":[401.6,2637.4,478.9,2690.4],\"text\":\"2016\"},{\"bbox\":[398.9,2691.5,476.2,2744.5],\"text\":\"2017\"},{\"bbox\":[396.2,2745.6,473.5,2798.6],\"text\":\"2018\"},{\"bbox\":[393.5,2799.7,470.8,2852.7],\"text\":\"2019\"},{\"bbox\":[390.8,2853.8,549.2,2910.8],\"text\":\"Thereafter\"},{\"bbox\":[388.1,2907.9,469.6,2961.1],\"text\":\"Total\"}],\"order\":23,\"text\":\"2015\\n2016\\n2017\\n2018\\n2019\\nThereafter\\nTotal\"},{\"bbox\":[1167.7,3123.0,1232.8,3180.8],\"lines\":[{\"bbox\":[1167.7,3123.0,1232.8,3180.8],\"text\":\"129\"}],\"order\":24,\"text\":\"129\"}],\"doc\":\"fintabnet:OKE_2014\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"purchased natural gas from our former energy services business for its natural gas liquids and its natural gas gathering and\\nprocessing operations. While these transactions were eliminated in consolidation in prior periods, they are now reflected as\\naffiliate transactions and not eliminated in consolidation for all periods presented as these transactions have continued with\\neither ONE Gas or other unaffiliated third parties. See Note B for additional information.\\n\\nWe provide a variety of services to our affiliates, including cash management and financial services, employee benefits, legal\\nand administrative services by our employees and management, insurance and office space leased in our headquarters building\\nand other field locations. Where costs are incurred specifically on behalf of an affiliate, the costs are billed directly to the\\naffiliate by us. In other situations, the costs may be allocated to the affiliates through a variety of methods, depending upon the\\nnature of the expenses and the activities of the affiliates. Beginning in the second quarter 2014, we allocate substantially all of\\nour general overhead costs to ONEOK Partners as a result of the separation of our former natural gas distribution business and\\nthe wind down of our former energy services business in the first quarter 2014. For the first quarter 2014 and years ended\\nDecember 31, 2013 and 2012, it is not practicable to determine what these general overhead costs would be on a stand-alone\\nbasis.\\n\\nThe following table shows ONEOK Partners’ transactions with us for the periods indicated:\\n\\nYears Ended December 31,\\n2013\\n2012\\n(Thousands of dollars)\\n53,526 $\\n340,743 $\\n352,099\\n\\n2014\\n\\n$\\n\\nRevenues\\n\\nExpenses\\nCost of sales and fuel\\nAdministrative and general expenses\\nTotal expenses\\n\\n$\\n\\n$\\n\\n10,835\\n330,541\\n341,376\\n\\n$\\n\\n$\\n\\n37,963\\n265,448\\n303,411\\n\\n$\\n\\n$\\n\\n33,094\\n246,050\\n279,144\\n\\nPrior to the ONE Gas separation, ONEOK Partners provided natural gas sales and transportation and storage services to our\\nformer natural gas distribution business. Prior to February 1, 2014, these revenues and related costs were eliminated in\\nconsolidation. 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While these transactions were eliminated in consolidation in prior periods, they are now reflected as\\naffiliate transactions and not eliminated in consolidation for all periods presented as these transactions have continued with\\neither ONE Gas or other unaffiliated third parties. See Note B for additional information.\\n\\nWe provide a variety of services to our affiliates, including cash management and financial services, employee benefits, legal\\nand administrative services by our employees and management, insurance and office space leased in our headquarters building\\nand other field locations. Where costs are incurred specifically on behalf of an affiliate, the costs are billed directly to the\\naffiliate by us. In other situations, the costs may be allocated to the affiliates through a variety of methods, depending upon the\\nnature of the expenses and the activities of the affiliates. Beginning in the second quarter 2014, we allocate substantially all of\\nour general overhead costs to ONEOK Partners as a result of the separation of our former natural gas distribution business and\\nthe wind down of our former energy services business in the first quarter 2014. For the first quarter 2014 and years ended\\nDecember 31, 2013 and 2012, it is not practicable to determine what these general overhead costs would be on a stand-alone\\nbasis.\\n\\nThe following table shows ONEOK Partners’ transactions with us for the periods indicated:\\n\\nYears Ended December 31,\\n2013\\n2012\\n(Thousands of dollars)\\n53,526 $\\n340,743 $\\n352,099\\n\\n2014\\n\\n$\\n\\nRevenues\\n\\nExpenses\\nCost of sales and fuel\\nAdministrative and general expenses\\nTotal expenses\\n\\n$\\n\\n$\\n\\n10,835\\n330,541\\n341,376\\n\\n$\\n\\n$\\n\\n37,963\\n265,448\\n303,411\\n\\n$\\n\\n$\\n\\n33,094\\n246,050\\n279,144\\n\\nPrior to the ONE Gas separation, ONEOK Partners provided natural gas sales and transportation and storage services to our\\nformer natural gas distribution business. Prior to February 1, 2014, these revenues and related costs were eliminated in\\nconsolidation. Beginning February 1, 2014, these revenues represent third-party transactions with ONE Gas and are not\\neliminated in consolidation, as such sales and services have continued subsequent to the separation and are expected to\\ncontinue in future periods. Prior to the completion of the energy services wind down, ONEOK Partners provided natural gas\\nand natural gas liquids sales and transportation and storage services to our energy services business. While these transactions\\nwere eliminated in consolidation in previous periods, they are now reflected as affiliate transactions and not eliminated in\\nconsolidation as these transactions have continued with third parties. See Note B for additional detail on these revenues.\\n\\nR.\\n\\nCOMMITMENTS AND CONTINGENCIES\\n\\nCommitments - Operating leases represent future minimum lease payments under noncancelable leases covering office space,\\npipeline equipment, and vehicles. Rental expense in 2014, 2013 and 2012 was not material. ONEOK and ONEOK Partners\\nhave no material operating leases. Firm transportation and storage contracts are fixed-price contracts that provide us with firm\\ntransportation and storage capacity. 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(incorporated by reference to Exhibit 1.1 to ONEOK Partners, L.P.’s\"},{\"bbox\":[254.2,243.5,882.6,270.8],\"text\":\"Current Report on Form 8-K filed November 13, 2012 (File No. 1-12202)).\"}],\"order\":3,\"text\":\"Equity Distribution Agreement dated November 13, 2012, by and among ONEOK Partners, L.P. and\\nCitigroup Global Capital Markets Inc. (incorporated by reference to Exhibit 1.1 to ONEOK Partners, L.P.’s\\nCurrent Report on Form 8-K filed November 13, 2012 (File No. 1-12202)).\"},{\"bbox\":[129.2,297.6,176.0,325.0],\"lines\":[{\"bbox\":[129.2,297.6,176.0,325.0],\"text\":\"10.25\"}],\"order\":4,\"text\":\"10.25\"},{\"bbox\":[254.2,297.6,1139.9,375.0],\"lines\":[{\"bbox\":[254.2,297.6,1139.9,325.0],\"text\":\"Letter Agreement between ONEOK, Inc. and John W. Gibson dated as of December 9, 2013 (incorporated\"},{\"bbox\":[254.2,322.6,1100.0,350.0],\"text\":\"by reference to Exhibit 10.1 to ONEOK, Inc.’s Current Report on Form 8-K filed December 10, 2013\"},{\"bbox\":[254.2,347.6,423.1,375.0],\"text\":\"(File No. 1-13643)).\"}],\"order\":5,\"text\":\"Letter Agreement between ONEOK, Inc. and John W. Gibson dated as of December 9, 2013 (incorporated\\nby reference to Exhibit 10.1 to ONEOK, Inc.’s Current Report on Form 8-K filed December 10, 2013\\n(File No. 1-13643)).\"},{\"bbox\":[129.2,401.8,176.0,429.2],\"lines\":[{\"bbox\":[129.2,401.8,176.0,429.2],\"text\":\"10.26\"}],\"order\":6,\"text\":\"10.26\"},{\"bbox\":[254.2,401.8,1156.2,504.2],\"lines\":[{\"bbox\":[254.2,401.8,1108.9,429.2],\"text\":\"Credit Agreement, dated August 1, 2011, among ONEOK Partners, L.P., as borrower, the lenders party\"},{\"bbox\":[254.2,426.8,1150.8,454.2],\"text\":\"thereto, Citibank, N.A., as administrative agent, swing-line lender and a letter-of-credit issuer, and Barclays\"},{\"bbox\":[254.2,451.8,1156.2,479.2],\"text\":\"Bank and Wells Fargo Bank, N.A., as letter-of-credit issuers (incorporated by reference from Exhibit 10.1 to\"},{\"bbox\":[254.2,476.8,1050.8,504.2],\"text\":\"ONEOK Partners, L.P.’s Current Report on Form 8-K filed August 2, 2011 (File No. 1-12202)).\"}],\"order\":7,\"text\":\"Credit Agreement, dated August 1, 2011, among ONEOK Partners, L.P., as borrower, the lenders party\\nthereto, Citibank, N.A., as administrative agent, swing-line lender and a letter-of-credit issuer, and Barclays\\nBank and Wells Fargo Bank, N.A., as letter-of-credit issuers (incorporated by reference from Exhibit 10.1 to\\nONEOK Partners, L.P.’s Current Report on Form 8-K filed August 2, 2011 (File No. 1-12202)).\"},{\"bbox\":[129.2,531.0,176.0,558.3],\"lines\":[{\"bbox\":[129.2,531.0,176.0,558.3],\"text\":\"10.27\"}],\"order\":8,\"text\":\"10.27\"},{\"bbox\":[254.2,531.0,1101.0,608.3],\"lines\":[{\"bbox\":[254.2,531.0,1101.0,558.3],\"text\":\"Guaranty Agreement, dated August 1, 2011, by ONEOK Partners Intermediate Limited Partnership in\"},{\"bbox\":[254.2,556.0,1083.3,583.3],\"text\":\"favor of the Citibank, N.A., as administrative agent (incorporated by reference from Exhibit 10.2 to\"},{\"bbox\":[254.2,581.0,1050.8,608.3],\"text\":\"ONEOK Partners, L.P.’s Current Report on Form 8-K filed August 2, 2011 (File No. 1-12202)).\"}],\"order\":9,\"text\":\"Guaranty Agreement, dated August 1, 2011, by ONEOK Partners Intermediate Limited Partnership in\\nfavor of the Citibank, N.A., as administrative agent (incorporated by reference from Exhibit 10.2 to\\nONEOK Partners, L.P.’s Current Report on Form 8-K filed August 2, 2011 (File No. 1-12202)).\"},{\"bbox\":[129.2,635.1,176.0,662.5],\"lines\":[{\"bbox\":[129.2,635.1,176.0,662.5],\"text\":\"10.28\"}],\"order\":10,\"text\":\"10.28\"},{\"bbox\":[254.2,635.1,334.0,662.5],\"lines\":[{\"bbox\":[254.2,635.1,334.0,662.5],\"text\":\"Not used.\"}],\"order\":11,\"text\":\"Not used.\"},{\"bbox\":[129.2,689.3,176.0,716.7],\"lines\":[{\"bbox\":[129.2,689.3,176.0,716.7],\"text\":\"10.29\"}],\"order\":12,\"text\":\"10.29\"},{\"bbox\":[254.2,689.3,1142.4,816.7],\"lines\":[{\"bbox\":[254.2,689.3,1131.3,716.7],\"text\":\"Underwriting Agreement, dated September 10, 2012, among ONEOK Partners, L.P. and ONEOK Partner\"},{\"bbox\":[254.2,714.3,1142.4,741.7],\"text\":\"Intermediate Limited Partnership and RBS Securities Inc., Mitsubishi UFJ Securities (USA), Inc. and U.S.\"},{\"bbox\":[254.2,739.3,1117.9,766.7],\"text\":\"Bancorp Investments, Inc., as representative of the several underwriters named therein (incorporated by\"},{\"bbox\":[254.2,764.3,1118.6,791.7],\"text\":\"reference from Exhibit 1.1 to ONEOK Partners, L.P.’s Current Report on Form 8-K filed September 13,\"},{\"bbox\":[254.2,789.3,470.0,816.7],\"text\":\"2012 (File No. 1-12202)).\"}],\"order\":13,\"text\":\"Underwriting Agreement, dated September 10, 2012, among ONEOK Partners, L.P. and ONEOK Partner\\nIntermediate Limited Partnership and RBS Securities Inc., Mitsubishi UFJ Securities (USA), Inc. and U.S.\\nBancorp Investments, Inc., as representative of the several underwriters named therein (incorporated by\\nreference from Exhibit 1.1 to ONEOK Partners, L.P.’s Current Report on Form 8-K filed September 13,\\n2012 (File No. 1-12202)).\"},{\"bbox\":[129.2,843.5,176.0,870.8],\"lines\":[{\"bbox\":[129.2,843.5,176.0,870.8],\"text\":\"10.30\"}],\"order\":14,\"text\":\"10.30\"},{\"bbox\":[254.2,843.5,1144.4,945.8],\"lines\":[{\"bbox\":[254.2,843.5,1144.4,870.8],\"text\":\"Extension Agreement, dated August 1, 2012, among ONEOK Partners, L.P., as Borrower, the lenders party\"},{\"bbox\":[254.2,868.5,1048.6,895.8],\"text\":\"thereto and Citibank, N.A., as administrative agent, swing-line lender and letter-of-credit issuer\"},{\"bbox\":[254.2,893.5,1139.9,920.8],\"text\":\"(incorporated by reference from Exhibit 10.1 to ONEOK Partners, L.P.’s Quarterly Report on 10-Q for the\"},{\"bbox\":[254.2,918.5,844.4,945.8],\"text\":\"quarter ended June 30, 2012, filed August 1, 2012 (File No. 1-12202)).\"}],\"order\":15,\"text\":\"Extension Agreement, dated August 1, 2012, among ONEOK Partners, L.P., as Borrower, the lenders party\\nthereto and Citibank, N.A., as administrative agent, swing-line lender and letter-of-credit issuer\\n(incorporated by reference from Exhibit 10.1 to ONEOK Partners, L.P.’s Quarterly Report on 10-Q for the\\nquarter ended June 30, 2012, filed August 1, 2012 (File No. 1-12202)).\"},{\"bbox\":[129.2,972.6,176.0,1000.0],\"lines\":[{\"bbox\":[129.2,972.6,176.0,1000.0],\"text\":\"10.31\"}],\"order\":16,\"text\":\"10.31\"},{\"bbox\":[254.2,972.6,334.0,1000.0],\"lines\":[{\"bbox\":[254.2,972.6,334.0,1000.0],\"text\":\"Not used.\"}],\"order\":17,\"text\":\"Not used.\"},{\"bbox\":[129.2,1026.8,176.0,1054.2],\"lines\":[{\"bbox\":[129.2,1026.8,176.0,1054.2],\"text\":\"10.32\"}],\"order\":18,\"text\":\"10.32\"},{\"bbox\":[254.2,1026.8,1146.3,1129.2],\"lines\":[{\"bbox\":[254.2,1026.8,1116.5,1054.2],\"text\":\"Services Agreement among ONEOK, Inc., Northern Plains Natural Gas Company, LLC, NBP Services,\"},{\"bbox\":[254.2,1051.8,1146.3,1079.2],\"text\":\"LLC, Northern Border Partners, L.P. and Northern Border Intermediate Limited Partnership executed April\"},{\"bbox\":[254.2,1076.8,1128.0,1104.2],\"text\":\"6, 2006, but effective as of April 1, 2006 (incorporated by reference from Exhibit 10.1 to ONEOK, Inc.’s\"},{\"bbox\":[254.2,1101.8,837.4,1129.2],\"text\":\"Current Report on Form 8-K filed April 12, 2006 (File No. 1-13643)).\"}],\"order\":19,\"text\":\"Services Agreement among ONEOK, Inc., Northern Plains Natural Gas Company, LLC, NBP Services,\\nLLC, Northern Border Partners, L.P. and Northern Border Intermediate Limited Partnership executed April\\n6, 2006, but effective as of April 1, 2006 (incorporated by reference from Exhibit 10.1 to ONEOK, Inc.’s\\nCurrent Report on Form 8-K filed April 12, 2006 (File No. 1-13643)).\"},{\"bbox\":[129.2,1156.0,176.0,1183.3],\"lines\":[{\"bbox\":[129.2,1156.0,176.0,1183.3],\"text\":\"10.33\"}],\"order\":20,\"text\":\"10.33\"},{\"bbox\":[254.2,1156.0,1153.3,1233.3],\"lines\":[{\"bbox\":[254.2,1156.0,1055.5,1183.3],\"text\":\"Third Amended and Restated Agreement of Limited Partnership of ONEOK Partners, L.P. dated\"},{\"bbox\":[254.2,1181.0,1153.3,1208.3],\"text\":\"September 15, 2006 (incorporated by reference to Exhibit 3.1 to ONEOK Partners, L.P.’s Current Report on\"},{\"bbox\":[254.2,1206.0,726.9,1233.3],\"text\":\"Form 8-K filed September 19, 2006 (File No. 1-12202)).\"}],\"order\":21,\"text\":\"Third Amended and Restated Agreement of Limited Partnership of ONEOK Partners, L.P. dated\\nSeptember 15, 2006 (incorporated by reference to Exhibit 3.1 to ONEOK Partners, L.P.’s Current Report on\\nForm 8-K filed September 19, 2006 (File No. 1-12202)).\"},{\"bbox\":[129.2,1262.2,176.0,1289.6],\"lines\":[{\"bbox\":[129.2,1262.2,176.0,1289.6],\"text\":\"10.34\"}],\"order\":22,\"text\":\"10.34\"},{\"bbox\":[254.2,1262.2,1149.8,1339.6],\"lines\":[{\"bbox\":[254.2,1262.2,1148.3,1289.6],\"text\":\"Amendment No. 3 to Third Amended and Restated Agreement of Limited Partnership of ONEOK Partners,\"},{\"bbox\":[254.2,1287.2,1149.8,1314.6],\"text\":\"L.P. (incorporated by reference to Exhibit 3.1 to ONEOK Partners, L.P.’s Current Report on Form 8-K filed\"},{\"bbox\":[254.2,1312.2,581.7,1339.6],\"text\":\"February 17, 2012 (File No. 1-12202)).\"}],\"order\":23,\"text\":\"Amendment No. 3 to Third Amended and Restated Agreement of Limited Partnership of ONEOK Partners,\\nL.P. (incorporated by reference to Exhibit 3.1 to ONEOK Partners, L.P.’s Current Report on Form 8-K filed\\nFebruary 17, 2012 (File No. 1-12202)).\"},{\"bbox\":[129.2,1368.5,176.0,1395.8],\"lines\":[{\"bbox\":[129.2,1368.5,176.0,1395.8],\"text\":\"10.35\"}],\"order\":24,\"text\":\"10.35\"},{\"bbox\":[254.2,1368.5,1133.0,1445.8],\"lines\":[{\"bbox\":[254.2,1368.5,1101.9,1395.8],\"text\":\"Form of 2013 Additional Restricted Unit Stock Bonus Award Agreement, effective February 19, 2014\"},{\"bbox\":[254.2,1393.5,1133.0,1420.8],\"text\":\"(incorporated by reference to Exhibit 10.35 to ONEOK, Inc.’s Annual Report on Form 10-K for the fiscal\"},{\"bbox\":[254.2,1418.5,895.2,1445.8],\"text\":\"year ended December 31, 2013, filed February 25, 2014 (File No. 1-13643)).\"}],\"order\":25,\"text\":\"Form of 2013 Additional Restricted Unit Stock Bonus Award Agreement, effective February 19, 2014\\n(incorporated by reference to Exhibit 10.35 to ONEOK, Inc.’s Annual Report on Form 10-K for the fiscal\\nyear ended December 31, 2013, filed February 25, 2014 (File No. 1-13643)).\"},{\"bbox\":[621.9,1563.2,653.1,1590.6],\"lines\":[{\"bbox\":[621.9,1563.2,653.1,1590.6],\"text\":\"143\"}],\"order\":26,\"text\":\"143\"}],\"doc\":\"fintabnet:OKE_2014\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"10.23\\n\\nCommon Unit Purchase Agreement dated February 28, 2012, between ONEOK Partners, L.P. and ONEOK,\\nInc. (incorporated by reference to Exhibit 1.2 to ONEOK Partners, L.P.’s Current Report on Form 8-K filed\\nMarch 2, 2012 (File No. 1-12202)).\\n\\n10.24\\n\\nEquity Distribution Agreement dated November 13, 2012, by and among ONEOK Partners, L.P. and\\nCitigroup Global Capital Markets Inc. (incorporated by reference to Exhibit 1.1 to ONEOK Partners, L.P.’s\\nCurrent Report on Form 8-K filed November 13, 2012 (File No. 1-12202)).\\n\\n10.25\\n\\nLetter Agreement between ONEOK, Inc. and John W. Gibson dated as of December 9, 2013 (incorporated\\nby reference to Exhibit 10.1 to ONEOK, Inc.’s Current Report on Form 8-K filed December 10, 2013\\n(File No. 1-13643)).\\n\\n10.26\\n\\nCredit Agreement, dated August 1, 2011, among ONEOK Partners, L.P., as borrower, the lenders party\\nthereto, Citibank, N.A., as administrative agent, swing-line lender and a letter-of-credit issuer, and Barclays\\nBank and Wells Fargo Bank, N.A., as letter-of-credit issuers (incorporated by reference from Exhibit 10.1 to\\nONEOK Partners, L.P.’s Current Report on Form 8-K filed August 2, 2011 (File No. 1-12202)).\\n\\n10.27\\n\\nGuaranty Agreement, dated August 1, 2011, by ONEOK Partners Intermediate Limited Partnership in\\nfavor of the Citibank, N.A., as administrative agent (incorporated by reference from Exhibit 10.2 to\\nONEOK Partners, L.P.’s Current Report on Form 8-K filed August 2, 2011 (File No. 1-12202)).\\n\\n10.28\\n\\nNot used.\\n\\n10.29\\n\\nUnderwriting Agreement, dated September 10, 2012, among ONEOK Partners, L.P. and ONEOK Partner\\nIntermediate Limited Partnership and RBS Securities Inc., Mitsubishi UFJ Securities (USA), Inc. and U.S.\\nBancorp Investments, Inc., as representative of the several underwriters named therein (incorporated by\\nreference from Exhibit 1.1 to ONEOK Partners, L.P.’s Current Report on Form 8-K filed September 13,\\n2012 (File No. 1-12202)).\\n\\n10.30\\n\\nExtension Agreement, dated August 1, 2012, among ONEOK Partners, L.P., as Borrower, the lenders party\\nthereto and Citibank, N.A., as administrative agent, swing-line lender and letter-of-credit issuer\\n(incorporated by reference from Exhibit 10.1 to ONEOK Partners, L.P.’s Quarterly Report on 10-Q for the\\nquarter ended June 30, 2012, filed August 1, 2012 (File No. 1-12202)).\\n\\n10.31\\n\\nNot used.\\n\\n10.32\\n\\nServices Agreement among ONEOK, Inc., Northern Plains Natural Gas Company, LLC, NBP Services,\\nLLC, Northern Border Partners, L.P. and Northern Border Intermediate Limited Partnership executed April\\n6, 2006, but effective as of April 1, 2006 (incorporated by reference from Exhibit 10.1 to ONEOK, Inc.’s\\nCurrent Report on Form 8-K filed April 12, 2006 (File No. 1-13643)).\\n\\n10.33\\n\\nThird Amended and Restated Agreement of Limited Partnership of ONEOK Partners, L.P. dated\\nSeptember 15, 2006 (incorporated by reference to Exhibit 3.1 to ONEOK Partners, L.P.’s Current Report on\\nForm 8-K filed September 19, 2006 (File No. 1-12202)).\\n\\n10.34\\n\\nAmendment No. 3 to Third Amended and Restated Agreement of Limited Partnership of ONEOK Partners,\\nL.P. (incorporated by reference to Exhibit 3.1 to ONEOK Partners, L.P.’s Current Report on Form 8-K filed\\nFebruary 17, 2012 (File No. 1-12202)).\\n\\n10.35\\n\\nForm of 2013 Additional Restricted Unit Stock Bonus Award Agreement, effective February 19, 2014\\n(incorporated by reference to Exhibit 10.35 to ONEOK, Inc.’s Annual Report on Form 10-K for the fiscal\\nyear ended December 31, 2013, filed February 25, 2014 (File No. 1-13643)).\\n\\n143\",\"name\":\"fintabnet.OKE_2014_page_177__150dpi_none\",\"page_id\":\"fintabnet.OKE_2014_page_177\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"OKE_2014_page_177\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[129.2,91.7,1156.2,1443.9],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25],\"cells\":null}],\"text\":\"10.23\\n\\nCommon Unit Purchase Agreement dated February 28, 2012, between ONEOK Partners, L.P. and ONEOK,\\nInc. (incorporated by reference to Exhibit 1.2 to ONEOK Partners, L.P.’s Current Report on Form 8-K filed\\nMarch 2, 2012 (File No. 1-12202)).\\n\\n10.24\\n\\nEquity Distribution Agreement dated November 13, 2012, by and among ONEOK Partners, L.P. and\\nCitigroup Global Capital Markets Inc. (incorporated by reference to Exhibit 1.1 to ONEOK Partners, L.P.’s\\nCurrent Report on Form 8-K filed November 13, 2012 (File No. 1-12202)).\\n\\n10.25\\n\\nLetter Agreement between ONEOK, Inc. and John W. Gibson dated as of December 9, 2013 (incorporated\\nby reference to Exhibit 10.1 to ONEOK, Inc.’s Current Report on Form 8-K filed December 10, 2013\\n(File No. 1-13643)).\\n\\n10.26\\n\\nCredit Agreement, dated August 1, 2011, among ONEOK Partners, L.P., as borrower, the lenders party\\nthereto, Citibank, N.A., as administrative agent, swing-line lender and a letter-of-credit issuer, and Barclays\\nBank and Wells Fargo Bank, N.A., as letter-of-credit issuers (incorporated by reference from Exhibit 10.1 to\\nONEOK Partners, L.P.’s Current Report on Form 8-K filed August 2, 2011 (File No. 1-12202)).\\n\\n10.27\\n\\nGuaranty Agreement, dated August 1, 2011, by ONEOK Partners Intermediate Limited Partnership in\\nfavor of the Citibank, N.A., as administrative agent (incorporated by reference from Exhibit 10.2 to\\nONEOK Partners, L.P.’s Current Report on Form 8-K filed August 2, 2011 (File No. 1-12202)).\\n\\n10.28\\n\\nNot used.\\n\\n10.29\\n\\nUnderwriting Agreement, dated September 10, 2012, among ONEOK Partners, L.P. and ONEOK Partner\\nIntermediate Limited Partnership and RBS Securities Inc., Mitsubishi UFJ Securities (USA), Inc. and U.S.\\nBancorp Investments, Inc., as representative of the several underwriters named therein (incorporated by\\nreference from Exhibit 1.1 to ONEOK Partners, L.P.’s Current Report on Form 8-K filed September 13,\\n2012 (File No. 1-12202)).\\n\\n10.30\\n\\nExtension Agreement, dated August 1, 2012, among ONEOK Partners, L.P., as Borrower, the lenders party\\nthereto and Citibank, N.A., as administrative agent, swing-line lender and letter-of-credit issuer\\n(incorporated by reference from Exhibit 10.1 to ONEOK Partners, L.P.’s Quarterly Report on 10-Q for the\\nquarter ended June 30, 2012, filed August 1, 2012 (File No. 1-12202)).\\n\\n10.31\\n\\nNot used.\\n\\n10.32\\n\\nServices Agreement among ONEOK, Inc., Northern Plains Natural Gas Company, LLC, NBP Services,\\nLLC, Northern Border Partners, L.P. and Northern Border Intermediate Limited Partnership executed April\\n6, 2006, but effective as of April 1, 2006 (incorporated by reference from Exhibit 10.1 to ONEOK, Inc.’s\\nCurrent Report on Form 8-K filed April 12, 2006 (File No. 1-13643)).\\n\\n10.33\\n\\nThird Amended and Restated Agreement of Limited Partnership of ONEOK Partners, L.P. dated\\nSeptember 15, 2006 (incorporated by reference to Exhibit 3.1 to ONEOK Partners, L.P.’s Current Report on\\nForm 8-K filed September 19, 2006 (File No. 1-12202)).\\n\\n10.34\\n\\nAmendment No. 3 to Third Amended and Restated Agreement of Limited Partnership of ONEOK Partners,\\nL.P. (incorporated by reference to Exhibit 3.1 to ONEOK Partners, L.P.’s Current Report on Form 8-K filed\\nFebruary 17, 2012 (File No. 1-12202)).\\n\\n10.35\\n\\nForm of 2013 Additional Restricted Unit Stock Bonus Award Agreement, effective February 19, 2014\\n(incorporated by reference to Exhibit 10.35 to ONEOK, Inc.’s Annual Report on Form 10-K for the fiscal\\nyear ended December 31, 2013, filed February 25, 2014 (File No. 1-13643)).\\n\\n143\"},\"name\":\"fintabnet.OKE_2014_page_177__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":165638,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:OKE_2014\",\"dpi\":150,\"gt_sha256\":\"d36ec0df93866b66c54c058dcc173c672c7c18974b9baa71145c96cb0841ce70\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.OKE_2014_page_177__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.OKE_2014_page_177\",\"pdf_sha256\":\"aaf7a70532ed7ab2715e96ab2dc65b98522ab7c7e3beb8b04628a614eeb1d720\",\"px\":[1275,1650],\"scan\":{\"render\":\"00001fdc1ff81ff41ffc1ffc00001ffc1ffc00001ffc1ff81ffc1ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"OKE_2014_page_177\",\"src\":{\"file_sha256\":\"f998d830efc6efda74ce8d8d68d6c7116f2365d37b93f6d1354995db5eeb7cf9\",\"render\":\"00001ffc1ffc1ff01ffc1ffc10001ffc1ffc10001ffc1ff81ffc1ffc00000000\",\"text\":\"cc000189374b1ddbd6e91f13837b4f96c89a257e66f21a565a9e3be7520b35cf\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"aaf7a70532ed7ab2715e96ab2dc65b98522ab7c7e3beb8b04628a614eeb1d720\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/aaf7a70532ed7ab2715e96ab2dc65b98522ab7c7e3beb8b04628a614eeb1d720.pdf","asset_sha256":"aaf7a70532ed7ab2715e96ab2dc65b98522ab7c7e3beb8b04628a614eeb1d720","document_id":"fintabnet:OKE_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"OKE_2014_page_177\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"O_2008_page_41\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:O_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[163.4,229.9,568.4,281.9],\"lines\":[{\"bbox\":[164.0,229.9,568.4,256.9],\"text\":\"10. GAIN ON SALES OF REAL ESTATE ACQUIRED\"},{\"bbox\":[163.4,254.9,356.3,276.7],\"text\":\"FOR RESALE BY CREST\"}],\"order\":0,\"text\":\"10. GAIN ON SALES OF REAL ESTATE ACQUIRED\\nFOR RESALE BY CREST\"},{\"bbox\":[156.1,281.4,631.9,583.0],\"lines\":[{\"bbox\":[162.8,281.4,631.8,308.1],\"text\":\"In 2008, Crest sold 25 properties for $50.7 million, which\"},{\"bbox\":[162.2,306.4,631.2,333.1],\"text\":\"resulted in a gain of $4.6 million. As part of two sales during\"},{\"bbox\":[161.6,331.3,630.6,358.1],\"text\":\"2008, Crest provided partial financing to the buyers of $19.2 million.\"},{\"bbox\":[161.0,356.3,630.0,383.1],\"text\":\"In 2007, Crest sold 62 properties for $123.6 million, which\"},{\"bbox\":[160.4,381.3,629.4,408.1],\"text\":\"resulted in a gain of $12.3 million. In 2007, as part of two sales,\"},{\"bbox\":[159.8,406.3,628.8,433.1],\"text\":\"Crest provided partial financing to the buyer of $3.8 million, of\"},{\"bbox\":[159.1,431.3,628.1,458.1],\"text\":\"which $619,000 was paid in full in November 2007. In 2006,\"},{\"bbox\":[158.5,456.3,627.5,483.0],\"text\":\"Crest sold 13 properties for $22.4 million, which resulted in a\"},{\"bbox\":[157.9,481.3,626.9,508.0],\"text\":\"gain of $2.2 million. Partial buyer financing of $1.3 million,\"},{\"bbox\":[157.3,506.3,626.2,533.0],\"text\":\"related to one 2005 property sale, was paid in full in February\"},{\"bbox\":[156.7,531.3,625.7,558.0],\"text\":\"2006. Crest’s gains on sales are reported before income taxes and\"},{\"bbox\":[156.1,556.3,449.0,578.7],\"text\":\"are included in discontinued operations.\"}],\"order\":1,\"text\":\"In 2008, Crest sold 25 properties for $50.7 million, which\\nresulted in a gain of $4.6 million. As part of two sales during\\n2008, Crest provided partial financing to the buyers of $19.2 million.\\nIn 2007, Crest sold 62 properties for $123.6 million, which\\nresulted in a gain of $12.3 million. In 2007, as part of two sales,\\nCrest provided partial financing to the buyer of $3.8 million, of\\nwhich $619,000 was paid in full in November 2007. In 2006,\\nCrest sold 13 properties for $22.4 million, which resulted in a\\ngain of $2.2 million. Partial buyer financing of $1.3 million,\\nrelated to one 2005 property sale, was paid in full in February\\n2006. Crest’s gains on sales are reported before income taxes and\\nare included in discontinued operations.\"},{\"bbox\":[154.2,604.8,578.6,657.3],\"lines\":[{\"bbox\":[154.8,604.8,578.6,632.3],\"text\":\"11. GAIN ON SALES OF INVESTMENT PROPERTIES\"},{\"bbox\":[154.2,629.8,320.0,650.9],\"text\":\"BY REALTY INCOME\"}],\"order\":2,\"text\":\"11. GAIN ON SALES OF INVESTMENT PROPERTIES\\nBY REALTY INCOME\"},{\"bbox\":[152.4,656.2,622.6,733.0],\"lines\":[{\"bbox\":[153.6,656.2,622.6,683.0],\"text\":\"In 2008, we sold 29 investment properties for an aggregate of\"},{\"bbox\":[153.0,681.2,622.0,708.0],\"text\":\"$27.4 million, which resulted in a gain of $13.3 million. The\"},{\"bbox\":[152.4,706.2,621.4,733.0],\"text\":\"results of operations for these properties have been reclassified as\"}],\"order\":3,\"text\":\"In 2008, we sold 29 investment properties for an aggregate of\\n$27.4 million, which resulted in a gain of $13.3 million. The\\nresults of operations for these properties have been reclassified as\"},{\"bbox\":[659.1,244.4,1139.2,721.0],\"lines\":[{\"bbox\":[670.1,244.4,1139.1,271.1],\"text\":\"discontinued operations. Additionally, we received proceeds of\"},{\"bbox\":[669.5,269.4,1138.5,296.1],\"text\":\"$439,000 from the sale of excess land from one property, which\"},{\"bbox\":[668.9,294.4,1138.0,321.1],\"text\":\"resulted in a gain of $236,000. This gain is included in “other\"},{\"bbox\":[668.3,319.4,1137.3,346.1],\"text\":\"revenue” on our consolidated statements of income because this\"},{\"bbox\":[667.7,344.4,1136.7,371.1],\"text\":\"excess land was associated with a property that continues to be\"},{\"bbox\":[667.1,369.3,936.0,391.2],\"text\":\"owned as part of our core operations.\"},{\"bbox\":[691.5,395.0,1135.5,421.1],\"text\":\"In 2007, we sold ten investment properties for $7.0 million,\"},{\"bbox\":[665.8,419.3,1134.9,446.1],\"text\":\"which resulted in a gain of $1.7 million. The results of operations\"},{\"bbox\":[665.2,444.3,1134.2,471.1],\"text\":\"for these properties have been reclassified as discontinued\"},{\"bbox\":[664.6,469.3,1133.7,496.1],\"text\":\"operations. In addition, we sold excess land and improvements\"},{\"bbox\":[664.0,494.3,1133.0,521.0],\"text\":\"from five properties for an aggregate of $4.4 million, which\"},{\"bbox\":[663.4,519.3,1132.4,546.0],\"text\":\"resulted in a gain of $1.8 million. This gain from the land and\"},{\"bbox\":[662.8,544.3,1131.8,571.0],\"text\":\"improvements sales is reported in “other revenue” on our\"},{\"bbox\":[662.2,569.3,1131.1,596.0],\"text\":\"consolidated statements of income because these improvements\"},{\"bbox\":[661.5,594.3,1130.5,621.0],\"text\":\"and excess land were associated with properties that continue to\"},{\"bbox\":[660.9,619.3,952.5,641.7],\"text\":\"be owned as part of our core operations.\"},{\"bbox\":[685.3,644.9,1129.3,671.0],\"text\":\"In 2006, we sold or exchanged 13 investment properties for\"},{\"bbox\":[659.7,669.3,1128.7,696.0],\"text\":\"$10.7 million, which resulted in a gain of $3.0 million which is\"},{\"bbox\":[659.1,694.2,924.8,716.0],\"text\":\"included in discontinued operations.\"}],\"order\":4,\"text\":\"discontinued operations. Additionally, we received proceeds of\\n$439,000 from the sale of excess land from one property, which\\nresulted in a gain of $236,000. This gain is included in “other\\nrevenue” on our consolidated statements of income because this\\nexcess land was associated with a property that continues to be\\nowned as part of our core operations.\\nIn 2007, we sold ten investment properties for $7.0 million,\\nwhich resulted in a gain of $1.7 million. The results of operations\\nfor these properties have been reclassified as discontinued\\noperations. In addition, we sold excess land and improvements\\nfrom five properties for an aggregate of $4.4 million, which\\nresulted in a gain of $1.8 million. This gain from the land and\\nimprovements sales is reported in “other revenue” on our\\nconsolidated statements of income because these improvements\\nand excess land were associated with properties that continue to\\nbe owned as part of our core operations.\\nIn 2006, we sold or exchanged 13 investment properties for\\n$10.7 million, which resulted in a gain of $3.0 million which is\\nincluded in discontinued operations.\"},{\"bbox\":[150.8,769.3,538.8,795.9],\"lines\":[{\"bbox\":[150.8,769.3,538.8,795.9],\"text\":\"12. FAIR VALUE OF FINANCIAL INSTRUMENTS\"}],\"order\":5,\"text\":\"12. FAIR VALUE OF FINANCIAL INSTRUMENTS\"},{\"bbox\":[144.7,795.8,1125.3,1059.9],\"lines\":[{\"bbox\":[150.2,795.8,1125.3,835.0],\"text\":\"Statement No. 157 defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability in\"},{\"bbox\":[149.6,820.8,1124.7,860.0],\"text\":\"an orderly transaction between market participants at the measurement date, and establishes a framework for measuring fair value.\"},{\"bbox\":[149.0,845.8,1124.1,884.9],\"text\":\"Statement No. 157 also establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy\"},{\"bbox\":[148.4,870.8,1123.4,909.9],\"text\":\"is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s\"},{\"bbox\":[147.7,895.8,1122.9,934.9],\"text\":\"categorization within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. This statement\"},{\"bbox\":[147.1,920.8,1122.2,959.9],\"text\":\"applies to fair value measurements and disclosures that are already required or permitted by most existing FASB accounting standards.\"},{\"bbox\":[171.5,946.4,1121.6,984.9],\"text\":\"We believe that the carrying values reflected in the consolidated balance sheets, at December 31, 2008 and 2007, respectively,\"},{\"bbox\":[145.9,970.7,1121.0,1009.9],\"text\":\"reasonably approximate the fair values for cash and cash equivalents, accounts receivable, and all liabilities, due to their short-term\"},{\"bbox\":[145.3,995.7,1120.4,1034.9],\"text\":\"nature, except for the notes payable and the notes receivable issued in conjunction with Crest property sales, which are disclosed\"},{\"bbox\":[144.7,1020.7,337.3,1040.7],\"text\":\"below (dollars in millions):\"}],\"order\":6,\"text\":\"Statement No. 157 defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability in\\nan orderly transaction between market participants at the measurement date, and establishes a framework for measuring fair value.\\nStatement No. 157 also establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy\\nis based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s\\ncategorization within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. This statement\\napplies to fair value measurements and disclosures that are already required or permitted by most existing FASB accounting standards.\\nWe believe that the carrying values reflected in the consolidated balance sheets, at December 31, 2008 and 2007, respectively,\\nreasonably approximate the fair values for cash and cash equivalents, accounts receivable, and all liabilities, due to their short-term\\nnature, except for the notes payable and the notes receivable issued in conjunction with Crest property sales, which are disclosed\\nbelow (dollars in millions):\"},{\"bbox\":[143.1,1084.7,280.2,1101.4],\"lines\":[{\"bbox\":[143.1,1084.7,280.2,1101.4],\"text\":\"At December 31, 2008\"}],\"order\":7,\"text\":\"At December 31, 2008\"},{\"bbox\":[141.8,1112.4,605.9,1164.0],\"lines\":[{\"bbox\":[142.4,1112.4,605.9,1139.0],\"text\":\"Notes receivable issued in conjunction with Crest property sales\"},{\"bbox\":[141.8,1137.4,244.4,1155.1],\"text\":\"Notes payable\"}],\"order\":8,\"text\":\"Notes receivable issued in conjunction with Crest property sales\\nNotes payable\"},{\"bbox\":[140.2,1205.5,277.3,1222.2],\"lines\":[{\"bbox\":[140.2,1205.5,277.3,1222.2],\"text\":\"At December 31, 2007\"}],\"order\":9,\"text\":\"At December 31, 2007\"},{\"bbox\":[138.8,1233.2,602.9,1284.8],\"lines\":[{\"bbox\":[139.5,1233.2,602.9,1259.8],\"text\":\"Notes receivable issued in conjunction with Crest property sales\"},{\"bbox\":[138.8,1258.1,241.4,1275.9],\"text\":\"Notes payable\"}],\"order\":10,\"text\":\"Notes receivable issued in conjunction with Crest property sales\\nNotes payable\"},{\"bbox\":[732.9,1082.5,843.7,1115.2],\"lines\":[{\"bbox\":[733.3,1082.5,843.7,1098.6],\"text\":\"Carrying value per\"},{\"bbox\":[758.7,1099.8,843.3,1115.2],\"text\":\"balance sheet\"}],\"order\":11,\"text\":\"Carrying value per\\nbalance sheet\"},{\"bbox\":[765.4,1127.7,842.6,1169.8],\"lines\":[{\"bbox\":[766.0,1127.7,776.6,1143.2],\"text\":\"$\"},{\"bbox\":[806.7,1128.7,842.6,1144.8],\"text\":\"22.3\"},{\"bbox\":[765.4,1152.7,842.0,1169.8],\"text\":\"$ 1,370.0\"}],\"order\":12,\"text\":\"$\\n22.3\\n$ 1,370.0\"},{\"bbox\":[1010.3,1089.3,1093.6,1121.4],\"lines\":[{\"bbox\":[1010.8,1089.3,1093.6,1104.7],\"text\":\"Estimated fair\"},{\"bbox\":[1015.2,1106.1,1093.2,1121.4],\"text\":\"market value\"}],\"order\":13,\"text\":\"Estimated fair\\nmarket value\"},{\"bbox\":[1015.3,1133.8,1026.5,1174.3],\"lines\":[{\"bbox\":[1016.0,1133.8,1026.5,1149.3],\"text\":\"$\"},{\"bbox\":[1015.3,1158.8,1025.9,1174.3],\"text\":\"$\"}],\"order\":14,\"text\":\"$\\n$\"},{\"bbox\":[1045.8,1134.6,1092.5,1175.9],\"lines\":[{\"bbox\":[1056.6,1134.8,1092.5,1150.9],\"text\":\"21.9\"},{\"bbox\":[1045.8,1159.6,1091.9,1175.9],\"text\":\"949.4\"}],\"order\":15,\"text\":\"21.9\\n949.4\"},{\"bbox\":[729.9,1203.3,840.7,1236.0],\"lines\":[{\"bbox\":[730.4,1203.3,840.7,1219.4],\"text\":\"Carrying value per\"},{\"bbox\":[755.8,1220.6,840.3,1236.0],\"text\":\"balance sheet\"}],\"order\":16,\"text\":\"Carrying value per\\nbalance sheet\"},{\"bbox\":[1007.4,1210.1,1090.6,1242.2],\"lines\":[{\"bbox\":[1007.8,1210.1,1090.6,1225.5],\"text\":\"Estimated fair\"},{\"bbox\":[1012.2,1226.9,1090.2,1242.2],\"text\":\"market value\"}],\"order\":17,\"text\":\"Estimated fair\\nmarket value\"},{\"bbox\":[762.5,1248.5,839.6,1290.6],\"lines\":[{\"bbox\":[763.1,1248.5,773.6,1264.0],\"text\":\"$\"},{\"bbox\":[813.9,1249.7,839.6,1265.6],\"text\":\"3.1\"},{\"bbox\":[762.5,1273.5,839.0,1290.6],\"text\":\"$ 1,470.0\"}],\"order\":18,\"text\":\"$\\n3.1\\n$ 1,470.0\"},{\"bbox\":[1012.4,1254.6,1089.6,1296.7],\"lines\":[{\"bbox\":[1013.0,1254.6,1023.5,1270.1],\"text\":\"$\"},{\"bbox\":[1063.8,1255.9,1089.6,1271.7],\"text\":\"2.8\"},{\"bbox\":[1012.4,1279.6,1088.9,1296.7],\"text\":\"$ 1,412.5\"}],\"order\":19,\"text\":\"$\\n2.8\\n$ 1,412.5\"},{\"bbox\":[135.1,1312.3,1112.6,1451.4],\"lines\":[{\"bbox\":[162.5,1312.9,1112.6,1351.5],\"text\":\"The estimated fair value of the notes receivable issued in conjunction with Crest property sales has been calculated by discounting\"},{\"bbox\":[136.9,1337.3,1111.9,1376.5],\"text\":\"the future cash flows using an interest rate based upon the current 7-year or 10-year Treasury Yield Curve plus an applicable credit-\"},{\"bbox\":[136.3,1362.3,1111.4,1401.5],\"text\":\"adjusted spread. Because this methodology includes unobservable inputs that reflect our own internal assumptions and calculations, the\"},{\"bbox\":[135.7,1387.3,1110.8,1426.4],\"text\":\"measurement of fair value related to these notes receivable issued in conjunction with Crest property sales is categorized as level 3 on\"},{\"bbox\":[135.1,1412.3,634.9,1439.8],\"text\":\"the three-level valuation hierarchy as defined by Statement No. 157.\"}],\"order\":20,\"text\":\"The estimated fair value of the notes receivable issued in conjunction with Crest property sales has been calculated by discounting\\nthe future cash flows using an interest rate based upon the current 7-year or 10-year Treasury Yield Curve plus an applicable credit-\\nadjusted spread. Because this methodology includes unobservable inputs that reflect our own internal assumptions and calculations, the\\nmeasurement of fair value related to these notes receivable issued in conjunction with Crest property sales is categorized as level 3 on\\nthe three-level valuation hierarchy as defined by Statement No. 157.\"},{\"bbox\":[1085.1,1561.2,1107.1,1577.9],\"lines\":[{\"bbox\":[1085.1,1561.2,1107.1,1577.9],\"text\":\"39\"}],\"order\":21,\"text\":\"39\"}],\"doc\":\"fintabnet:O_2008\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"10. GAIN ON SALES OF REAL ESTATE ACQUIRED\\nFOR RESALE BY CREST\\n\\nIn 2008, Crest sold 25 properties for $50.7 million, which\\nresulted in a gain of $4.6 million. As part of two sales during\\n2008, Crest provided partial financing to the buyers of $19.2 million.\\nIn 2007, Crest sold 62 properties for $123.6 million, which\\nresulted in a gain of $12.3 million. In 2007, as part of two sales,\\nCrest provided partial financing to the buyer of $3.8 million, of\\nwhich $619,000 was paid in full in November 2007. In 2006,\\nCrest sold 13 properties for $22.4 million, which resulted in a\\ngain of $2.2 million. Partial buyer financing of $1.3 million,\\nrelated to one 2005 property sale, was paid in full in February\\n2006. Crest’s gains on sales are reported before income taxes and\\nare included in discontinued operations.\\n\\n11. GAIN ON SALES OF INVESTMENT PROPERTIES\\nBY REALTY INCOME\\n\\nIn 2008, we sold 29 investment properties for an aggregate of\\n$27.4 million, which resulted in a gain of $13.3 million. The\\nresults of operations for these properties have been reclassified as\\n\\ndiscontinued operations. Additionally, we received proceeds of\\n$439,000 from the sale of excess land from one property, which\\nresulted in a gain of $236,000. This gain is included in “other\\nrevenue” on our consolidated statements of income because this\\nexcess land was associated with a property that continues to be\\nowned as part of our core operations.\\nIn 2007, we sold ten investment properties for $7.0 million,\\nwhich resulted in a gain of $1.7 million. The results of operations\\nfor these properties have been reclassified as discontinued\\noperations. In addition, we sold excess land and improvements\\nfrom five properties for an aggregate of $4.4 million, which\\nresulted in a gain of $1.8 million. This gain from the land and\\nimprovements sales is reported in “other revenue” on our\\nconsolidated statements of income because these improvements\\nand excess land were associated with properties that continue to\\nbe owned as part of our core operations.\\nIn 2006, we sold or exchanged 13 investment properties for\\n$10.7 million, which resulted in a gain of $3.0 million which is\\nincluded in discontinued operations.\\n\\n12. FAIR VALUE OF FINANCIAL INSTRUMENTS\\n\\nStatement No. 157 defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability in\\nan orderly transaction between market participants at the measurement date, and establishes a framework for measuring fair value.\\nStatement No. 157 also establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy\\nis based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s\\ncategorization within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. This statement\\napplies to fair value measurements and disclosures that are already required or permitted by most existing FASB accounting standards.\\nWe believe that the carrying values reflected in the consolidated balance sheets, at December 31, 2008 and 2007, respectively,\\nreasonably approximate the fair values for cash and cash equivalents, accounts receivable, and all liabilities, due to their short-term\\nnature, except for the notes payable and the notes receivable issued in conjunction with Crest property sales, which are disclosed\\nbelow (dollars in millions):\\n\\nAt December 31, 2008\\n\\nNotes receivable issued in conjunction with Crest property sales\\nNotes payable\\n\\nAt December 31, 2007\\n\\nNotes receivable issued in conjunction with Crest property sales\\nNotes payable\\n\\nCarrying value per\\nbalance sheet\\n\\n$\\n22.3\\n$ 1,370.0\\n\\nEstimated fair\\nmarket value\\n\\n$\\n$\\n\\n21.9\\n949.4\\n\\nCarrying value per\\nbalance sheet\\n\\nEstimated fair\\nmarket value\\n\\n$\\n3.1\\n$ 1,470.0\\n\\n$\\n2.8\\n$ 1,412.5\\n\\nThe estimated fair value of the notes receivable issued in conjunction with Crest property sales has been calculated by discounting\\nthe future cash flows using an interest rate based upon the current 7-year or 10-year Treasury Yield Curve plus an applicable credit-\\nadjusted spread. Because this methodology includes unobservable inputs that reflect our own internal assumptions and calculations, the\\nmeasurement of fair value related to these notes receivable issued in conjunction with Crest property sales is categorized as level 3 on\\nthe three-level valuation hierarchy as defined by Statement No. 157.\\n\\n39\",\"name\":\"fintabnet.O_2008_page_41__150dpi_medium\",\"page_id\":\"fintabnet.O_2008_page_41\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.407,\"source\":\"fintabnet\",\"source_id\":\"O_2008_page_41\",\"stack\":[{\"deg\":-1.407,\"op\":\"skew\"},{\"amp\":0.179,\"angle\":224.4,\"blob\":0.301,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":6.389},{\"gain\":0.822,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":51}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[138.8,1185.2,1090.7,1297.2],\"block_orders\":[9,10,16,17,18,19],\"cells\":null}],\"text\":\"10. GAIN ON SALES OF REAL ESTATE ACQUIRED\\nFOR RESALE BY CREST\\n\\nIn 2008, Crest sold 25 properties for $50.7 million, which\\nresulted in a gain of $4.6 million. As part of two sales during\\n2008, Crest provided partial financing to the buyers of $19.2 million.\\nIn 2007, Crest sold 62 properties for $123.6 million, which\\nresulted in a gain of $12.3 million. In 2007, as part of two sales,\\nCrest provided partial financing to the buyer of $3.8 million, of\\nwhich $619,000 was paid in full in November 2007. In 2006,\\nCrest sold 13 properties for $22.4 million, which resulted in a\\ngain of $2.2 million. Partial buyer financing of $1.3 million,\\nrelated to one 2005 property sale, was paid in full in February\\n2006. Crest’s gains on sales are reported before income taxes and\\nare included in discontinued operations.\\n\\n11. GAIN ON SALES OF INVESTMENT PROPERTIES\\nBY REALTY INCOME\\n\\nIn 2008, we sold 29 investment properties for an aggregate of\\n$27.4 million, which resulted in a gain of $13.3 million. The\\nresults of operations for these properties have been reclassified as\\n\\ndiscontinued operations. Additionally, we received proceeds of\\n$439,000 from the sale of excess land from one property, which\\nresulted in a gain of $236,000. This gain is included in “other\\nrevenue” on our consolidated statements of income because this\\nexcess land was associated with a property that continues to be\\nowned as part of our core operations.\\nIn 2007, we sold ten investment properties for $7.0 million,\\nwhich resulted in a gain of $1.7 million. The results of operations\\nfor these properties have been reclassified as discontinued\\noperations. In addition, we sold excess land and improvements\\nfrom five properties for an aggregate of $4.4 million, which\\nresulted in a gain of $1.8 million. This gain from the land and\\nimprovements sales is reported in “other revenue” on our\\nconsolidated statements of income because these improvements\\nand excess land were associated with properties that continue to\\nbe owned as part of our core operations.\\nIn 2006, we sold or exchanged 13 investment properties for\\n$10.7 million, which resulted in a gain of $3.0 million which is\\nincluded in discontinued operations.\\n\\n12. FAIR VALUE OF FINANCIAL INSTRUMENTS\\n\\nStatement No. 157 defines fair value as the price that would be received from the sale of an asset or paid to transfer a liability in\\nan orderly transaction between market participants at the measurement date, and establishes a framework for measuring fair value.\\nStatement No. 157 also establishes a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy\\nis based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s\\ncategorization within this hierarchy is based upon the lowest level of input that is significant to the fair value measurement. This statement\\napplies to fair value measurements and disclosures that are already required or permitted by most existing FASB accounting standards.\\nWe believe that the carrying values reflected in the consolidated balance sheets, at December 31, 2008 and 2007, respectively,\\nreasonably approximate the fair values for cash and cash equivalents, accounts receivable, and all liabilities, due to their short-term\\nnature, except for the notes payable and the notes receivable issued in conjunction with Crest property sales, which are disclosed\\nbelow (dollars in millions):\\n\\nAt December 31, 2008\\n\\nNotes receivable issued in conjunction with Crest property sales\\nNotes payable\\n\\nAt December 31, 2007\\n\\nNotes receivable issued in conjunction with Crest property sales\\nNotes payable\\n\\nCarrying value per\\nbalance sheet\\n\\n$\\n22.3\\n$ 1,370.0\\n\\nEstimated fair\\nmarket value\\n\\n$\\n$\\n\\n21.9\\n949.4\\n\\nCarrying value per\\nbalance sheet\\n\\nEstimated fair\\nmarket value\\n\\n$\\n3.1\\n$ 1,470.0\\n\\n$\\n2.8\\n$ 1,412.5\\n\\nThe estimated fair value of the notes receivable issued in conjunction with Crest property sales has been calculated by discounting\\nthe future cash flows using an interest rate based upon the current 7-year or 10-year Treasury Yield Curve plus an applicable credit-\\nadjusted spread. Because this methodology includes unobservable inputs that reflect our own internal assumptions and calculations, the\\nmeasurement of fair value related to these notes receivable issued in conjunction with Crest property sales is categorized as level 3 on\\nthe three-level valuation hierarchy as defined by Statement No. 157.\\n\\n39\"},\"name\":\"fintabnet.O_2008_page_41__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":235143,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:O_2008\",\"dpi\":150,\"gt_sha256\":\"01cd2211ecc50006aca565617e16308b12fec6f8cc67c292d8b71406c130dd35\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.O_2008_page_41__150dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.O_2008_page_41\",\"pdf_sha256\":\"355652ac1d750a68736ac92503b997d57035516ffcec076b1d28db934533d9e1\",\"px\":[1275,1650],\"scan\":{\"render\":\"ffc08000bffc3ffc3ffc3ffc3ff03e003ffc3ffc30642064206c3f3c00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"O_2008_page_41\",\"src\":{\"file_sha256\":\"188d48519b90c5c29b084b7dc53537a0c7e8ead8763fe58e4a5eea327a666742\",\"render\":\"000000003efc3ffc3ffc3efc3ef03e003ffc3ffc3e643ffc3f6c3ffc00000000\",\"text\":\"e67fd06f181643e29ba6653397ad2bb969bc12539f740ede702d33b275fcde10\"},\"stack\":[{\"deg\":-1.407,\"op\":\"skew\"},{\"amp\":0.179,\"angle\":224.4,\"blob\":0.301,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":6.389},{\"gain\":0.822,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":51}],\"tools\":\"21647cade0ee\"},\"sha256\":\"355652ac1d750a68736ac92503b997d57035516ffcec076b1d28db934533d9e1\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/355652ac1d750a68736ac92503b997d57035516ffcec076b1d28db934533d9e1.pdf","asset_sha256":"355652ac1d750a68736ac92503b997d57035516ffcec076b1d28db934533d9e1","document_id":"fintabnet:O_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"O_2008_page_41\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"O_2008_page_75\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:O_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[62.3,118.3,235.6,132.7],\"lines\":[{\"bbox\":[62.3,118.3,235.6,132.7],\"text\":\"Net Income Available to Common Stockholders\"}],\"order\":0,\"text\":\"Net Income Available to Common Stockholders\"},{\"bbox\":[62.7,129.2,291.2,240.4],\"lines\":[{\"bbox\":[62.7,129.2,287.8,144.5],\"text\":\"Net income available to common stockholders was $107.6 million\"},{\"bbox\":[63.1,141.2,288.3,156.5],\"text\":\"in 2008, a decrease of $8.6 million as compared to $116.2 million\"},{\"bbox\":[63.5,153.2,288.7,168.4],\"text\":\"in 2007. Net income available to common stockholders in 2006\"},{\"bbox\":[64.0,170.8,130.3,180.4],\"text\":\"was $99.4 million.\"},{\"bbox\":[76.4,177.2,289.5,192.0],\"text\":\"The calculation to determine net income available to com-\"},{\"bbox\":[64.8,189.2,289.9,204.4],\"text\":\"mon stockholders includes gains from the sales of properties. The\"},{\"bbox\":[65.2,201.2,290.4,216.4],\"text\":\"amount of gains varies from period to period based on the timing\"},{\"bbox\":[65.7,213.2,290.8,228.4],\"text\":\"of property sales and can significantly impact net income avail-\"},{\"bbox\":[66.1,229.4,170.6,240.4],\"text\":\"able to common stockholders.\"}],\"order\":1,\"text\":\"Net income available to common stockholders was $107.6 million\\nin 2008, a decrease of $8.6 million as compared to $116.2 million\\nin 2007. Net income available to common stockholders in 2006\\nwas $99.4 million.\\nThe calculation to determine net income available to com-\\nmon stockholders includes gains from the sales of properties. The\\namount of gains varies from period to period based on the timing\\nof property sales and can significantly impact net income avail-\\nable to common stockholders.\"},{\"bbox\":[305.1,107.9,533.2,207.1],\"lines\":[{\"bbox\":[317.1,107.9,530.2,122.7],\"text\":\"During 2008, the gain recognized from the sales of invest-\"},{\"bbox\":[305.5,119.9,530.6,135.2],\"text\":\"ment properties and from the additional proceeds received from a\"},{\"bbox\":[305.9,131.9,531.1,147.1],\"text\":\"sale of excess land was $13.6 million, as compared to gains\"},{\"bbox\":[306.4,143.9,531.5,159.1],\"text\":\"recognized from the sales of investment properties of $3.6 million\"},{\"bbox\":[306.8,155.9,531.9,171.1],\"text\":\"during 2007 and $3.0 million during 2006. Crest’s gain recog-\"},{\"bbox\":[307.2,167.9,532.3,183.1],\"text\":\"nized from the sale of properties during 2008 was $4.6 million\"},{\"bbox\":[307.6,179.9,532.8,195.1],\"text\":\"as compared to $12.3 million during 2007 and $2.2 million\"},{\"bbox\":[308.1,198.1,355.2,207.1],\"text\":\"during 2006.\"}],\"order\":2,\"text\":\"During 2008, the gain recognized from the sales of invest-\\nment properties and from the additional proceeds received from a\\nsale of excess land was $13.6 million, as compared to gains\\nrecognized from the sales of investment properties of $3.6 million\\nduring 2007 and $3.0 million during 2006. Crest’s gain recog-\\nnized from the sale of properties during 2008 was $4.6 million\\nas compared to $12.3 million during 2007 and $2.2 million\\nduring 2006.\"},{\"bbox\":[67.1,249.8,367.2,268.6],\"lines\":[{\"bbox\":[67.1,249.8,367.2,268.6],\"text\":\"FUNDS FROM OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS (FFO)\"}],\"order\":3,\"text\":\"FUNDS FROM OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS (FFO)\"},{\"bbox\":[67.5,256.5,536.8,316.4],\"lines\":[{\"bbox\":[67.5,256.5,535.5,280.4],\"text\":\"FFO for 2008 decreased by $4.2 million, or 2.2%, to $185.5 million as compared to $189.7 million in 2007 and $155.8 million in\"},{\"bbox\":[67.9,268.5,535.9,292.4],\"text\":\"2006. The following is a reconciliation of net income available to common stockholders (which we believe is the most comparable GAAP\"},{\"bbox\":[68.4,280.5,536.3,304.4],\"text\":\"measure) to FFO. Also presented is information regarding distributions paid to common stockholders and the weighted average number\"},{\"bbox\":[68.8,295.2,462.2,316.4],\"text\":\"of shares used for the basic and diluted computation per share (dollars in thousands, except per share amounts):\"}],\"order\":4,\"text\":\"FFO for 2008 decreased by $4.2 million, or 2.2%, to $185.5 million as compared to $189.7 million in 2007 and $155.8 million in\\n2006. The following is a reconciliation of net income available to common stockholders (which we believe is the most comparable GAAP\\nmeasure) to FFO. Also presented is information regarding distributions paid to common stockholders and the weighted average number\\nof shares used for the basic and diluted computation per share (dollars in thousands, except per share amounts):\"},{\"bbox\":[318.3,334.4,334.1,341.4],\"lines\":[{\"bbox\":[318.3,334.4,334.1,341.4],\"text\":\"2008\"}],\"order\":5,\"text\":\"2008\"},{\"bbox\":[414.3,331.0,430.0,338.0],\"lines\":[{\"bbox\":[414.3,331.0,430.0,338.0],\"text\":\"2007\"}],\"order\":6,\"text\":\"2007\"},{\"bbox\":[510.2,327.6,526.0,334.6],\"lines\":[{\"bbox\":[510.2,327.6,526.0,334.6],\"text\":\"2006\"}],\"order\":7,\"text\":\"2006\"},{\"bbox\":[70.5,351.0,244.9,448.3],\"lines\":[{\"bbox\":[70.5,351.3,231.1,364.3],\"text\":\"Net income available to common stockholders\"},{\"bbox\":[70.9,365.2,178.3,376.3],\"text\":\"Depreciation and amortization:\"},{\"bbox\":[83.3,377.9,159.6,387.9],\"text\":\"Continuing operations\"},{\"bbox\":[83.7,389.6,168.1,399.9],\"text\":\"Discontinued operations\"},{\"bbox\":[72.2,398.9,243.6,412.3],\"text\":\"Depreciation of furniture, fixtures and equipment\"},{\"bbox\":[72.6,411.0,241.4,424.3],\"text\":\"Gain on sales of land and investment properties:\"},{\"bbox\":[85.0,425.9,161.3,435.9],\"text\":\"Continuing operations\"},{\"bbox\":[85.4,437.6,169.8,447.9],\"text\":\"Discontinued operations\"}],\"order\":8,\"text\":\"Net income available to common stockholders\\nDepreciation and amortization:\\nContinuing operations\\nDiscontinued operations\\nDepreciation of furniture, fixtures and equipment\\nGain on sales of land and investment properties:\\nContinuing operations\\nDiscontinued operations\"},{\"bbox\":[295.3,347.7,334.6,356.4],\"lines\":[{\"bbox\":[295.3,347.7,334.6,356.4],\"text\":\"$ 107,588\"}],\"order\":9,\"text\":\"$ 107,588\"},{\"bbox\":[391.3,344.3,430.5,353.0],\"lines\":[{\"bbox\":[391.3,344.3,430.5,353.0],\"text\":\"$ 116,156\"}],\"order\":10,\"text\":\"$ 116,156\"},{\"bbox\":[487.2,340.9,526.5,349.6],\"lines\":[{\"bbox\":[487.2,340.9,526.5,349.6],\"text\":\"$ 99,419\"}],\"order\":11,\"text\":\"$ 99,419\"},{\"bbox\":[308.3,371.6,338.9,403.9],\"lines\":[{\"bbox\":[308.3,371.7,335.4,379.9],\"text\":\"90,732\"},{\"bbox\":[313.6,383.7,335.8,391.8],\"text\":\"1,073\"},{\"bbox\":[318.7,395.6,338.9,403.6],\"text\":\"(319)\"}],\"order\":12,\"text\":\"90,732\\n1,073\\n(319)\"},{\"bbox\":[404.3,368.2,434.9,400.5],\"lines\":[{\"bbox\":[404.3,368.3,431.4,376.5],\"text\":\"76,686\"},{\"bbox\":[416.9,380.3,431.8,388.1],\"text\":\"636\"},{\"bbox\":[414.7,392.2,434.9,400.2],\"text\":\"(244)\"}],\"order\":13,\"text\":\"76,686\\n636\\n(244)\"},{\"bbox\":[500.2,364.8,530.8,397.1],\"lines\":[{\"bbox\":[500.2,364.9,527.3,373.1],\"text\":\"58,783\"},{\"bbox\":[512.8,376.9,527.7,384.7],\"text\":\"825\"},{\"bbox\":[510.6,388.8,530.8,396.8],\"text\":\"(192)\"}],\"order\":14,\"text\":\"58,783\\n825\\n(192)\"},{\"bbox\":[307.4,419.6,340.2,440.0],\"lines\":[{\"bbox\":[319.6,419.6,339.8,427.6],\"text\":\"(236)\"},{\"bbox\":[307.8,431.5,340.2,440.0],\"text\":\"(13,314)\"}],\"order\":15,\"text\":\"(236)\\n(13,314)\"},{\"bbox\":[408.2,416.2,436.1,436.4],\"lines\":[{\"bbox\":[408.2,416.2,435.7,424.4],\"text\":\"(1,835)\"},{\"bbox\":[408.6,428.2,436.1,436.4],\"text\":\"(1,724)\"}],\"order\":16,\"text\":\"(1,835)\\n(1,724)\"},{\"bbox\":[504.1,412.8,532.1,433.0],\"lines\":[{\"bbox\":[520.7,412.9,529.0,420.5],\"text\":\"—\"},{\"bbox\":[504.6,424.8,532.1,433.0],\"text\":\"(3,036)\"}],\"order\":17,\"text\":\"—\\n(3,036)\"},{\"bbox\":[73.9,450.2,208.6,462.3],\"lines\":[{\"bbox\":[73.9,450.2,208.6,462.3],\"text\":\"FFO available to common stockholders\"}],\"order\":18,\"text\":\"FFO available to common stockholders\"},{\"bbox\":[298.8,445.6,338.0,454.3],\"lines\":[{\"bbox\":[298.8,445.6,338.0,454.3],\"text\":\"$ 185,524\"}],\"order\":19,\"text\":\"$ 185,524\"},{\"bbox\":[394.7,442.2,434.0,450.9],\"lines\":[{\"bbox\":[394.7,442.2,434.0,450.9],\"text\":\"$ 189,675\"}],\"order\":20,\"text\":\"$ 189,675\"},{\"bbox\":[490.7,438.8,529.9,447.5],\"lines\":[{\"bbox\":[490.7,438.8,529.9,447.5],\"text\":\"$ 155,799\"}],\"order\":21,\"text\":\"$ 155,799\"},{\"bbox\":[299.7,471.6,339.8,504.3],\"lines\":[{\"bbox\":[299.7,472.8,304.8,480.3],\"text\":\"$\"},{\"bbox\":[321.6,471.6,339.0,479.5],\"text\":\"1.83\"},{\"bbox\":[300.1,484.8,305.3,492.3],\"text\":\"$\"},{\"bbox\":[322.1,483.6,339.4,491.5],\"text\":\"1.83\"},{\"bbox\":[300.5,495.6,339.8,504.3],\"text\":\"$ 169,655\"}],\"order\":22,\"text\":\"$\\n1.83\\n$\\n1.83\\n$ 169,655\"},{\"bbox\":[395.6,468.2,435.7,500.9],\"lines\":[{\"bbox\":[395.6,469.4,400.8,476.9],\"text\":\"$\"},{\"bbox\":[417.6,468.2,434.9,476.1],\"text\":\"1.89\"},{\"bbox\":[396.1,481.4,401.2,488.9],\"text\":\"$\"},{\"bbox\":[418.0,480.2,435.3,488.1],\"text\":\"1.89\"},{\"bbox\":[396.5,492.2,435.7,500.9],\"text\":\"$ 157,659\"}],\"order\":23,\"text\":\"$\\n1.89\\n$\\n1.89\\n$ 157,659\"},{\"bbox\":[491.6,464.8,531.7,497.5],\"lines\":[{\"bbox\":[491.6,466.0,496.7,473.5],\"text\":\"$\"},{\"bbox\":[513.5,464.8,530.8,472.7],\"text\":\"1.74\"},{\"bbox\":[492.0,478.0,497.1,485.5],\"text\":\"$\"},{\"bbox\":[513.9,476.8,531.3,484.7],\"text\":\"1.73\"},{\"bbox\":[492.4,488.8,531.7,497.5],\"text\":\"$ 129,667\"}],\"order\":24,\"text\":\"$\\n1.74\\n$\\n1.73\\n$ 129,667\"},{\"bbox\":[301.4,519.6,340.7,528.3],\"lines\":[{\"bbox\":[301.4,519.6,340.7,528.3],\"text\":\"$ 15,869\"}],\"order\":25,\"text\":\"$ 15,869\"},{\"bbox\":[397.3,516.2,436.6,524.9],\"lines\":[{\"bbox\":[397.3,516.2,436.6,524.9],\"text\":\"$ 32,016\"}],\"order\":26,\"text\":\"$ 32,016\"},{\"bbox\":[493.3,512.8,532.5,521.5],\"lines\":[{\"bbox\":[493.3,512.8,532.5,521.5],\"text\":\"$ 26,132\"}],\"order\":27,\"text\":\"$ 26,132\"},{\"bbox\":[292.9,555.6,342.4,576.6],\"lines\":[{\"bbox\":[292.9,555.6,341.9,564.6],\"text\":\"101,178,191\"},{\"bbox\":[293.3,567.6,342.4,576.6],\"text\":\"101,209,883\"}],\"order\":28,\"text\":\"101,178,191\\n101,209,883\"},{\"bbox\":[388.8,552.2,438.3,573.2],\"lines\":[{\"bbox\":[388.8,552.2,437.9,561.2],\"text\":\"100,195,031\"},{\"bbox\":[389.3,564.2,438.3,573.2],\"text\":\"100,333,966\"}],\"order\":29,\"text\":\"100,195,031\\n100,333,966\"},{\"bbox\":[489.7,548.8,534.2,569.6],\"lines\":[{\"bbox\":[489.7,548.8,533.8,557.6],\"text\":\"89,766,714\"},{\"bbox\":[490.1,560.8,534.2,569.6],\"text\":\"89,917,554\"}],\"order\":30,\"text\":\"89,766,714\\n89,917,554\"},{\"bbox\":[74.4,463.4,234.1,584.2],\"lines\":[{\"bbox\":[74.4,466.0,158.1,476.3],\"text\":\"FFO per common share:\"},{\"bbox\":[86.8,479.8,106.2,487.8],\"text\":\"Basic\"},{\"bbox\":[87.3,491.6,112.8,499.8],\"text\":\"Diluted\"},{\"bbox\":[75.7,499.7,225.0,512.2],\"text\":\"Distributions paid to common stockholders\"},{\"bbox\":[76.1,512.3,206.3,524.2],\"text\":\"FFO in excess of distributions paid to\"},{\"bbox\":[88.5,525.8,164.5,535.8],\"text\":\"common stockholders\"},{\"bbox\":[77.0,535.4,232.9,548.2],\"text\":\"Weighted average number of common shares\"},{\"bbox\":[89.4,548.5,200.7,559.8],\"text\":\"used for computation per share:\"},{\"bbox\":[89.8,563.8,109.2,571.8],\"text\":\"Basic\"},{\"bbox\":[90.2,575.6,115.8,583.8],\"text\":\"Diluted\"}],\"order\":31,\"text\":\"FFO per common share:\\nBasic\\nDiluted\\nDistributions paid to common stockholders\\nFFO in excess of distributions paid to\\ncommon stockholders\\nWeighted average number of common shares\\nused for computation per share:\\nBasic\\nDiluted\"},{\"bbox\":[79.2,586.3,551.0,718.1],\"lines\":[{\"bbox\":[91.2,586.3,547.1,609.7],\"text\":\"We define FFO, a non-GAAP measure, consistent with the National Association of Real Estate Investment Trust’s definition, as net\"},{\"bbox\":[79.6,598.3,547.6,622.2],\"text\":\"income available to common stockholders, plus depreciation and amortization of real estate assets, reduced by gains on sales of\"},{\"bbox\":[80.0,621.1,241.9,634.2],\"text\":\"investment properties and extraordinary items.\"},{\"bbox\":[92.4,622.3,548.4,645.7],\"text\":\"We consider FFO to be an appropriate supplemental measure of a REIT’s operating performance as it is based on a net income\"},{\"bbox\":[80.9,634.3,548.8,658.1],\"text\":\"analysis of property portfolio performance that excludes non-cash items such as depreciation. The historical accounting convention used\"},{\"bbox\":[81.3,646.3,549.2,670.1],\"text\":\"for real estate assets requires straight-line depreciation of buildings and improvements, which implies that the value of real estate assets\"},{\"bbox\":[81.7,658.3,549.7,682.1],\"text\":\"diminishes predictably over time. Since real estate values historically rise and fall with market conditions, presentations of operating\"},{\"bbox\":[82.1,670.3,550.1,694.1],\"text\":\"results for a REIT, using historical accounting for depreciation, could be less informative. The use of FFO is recommended by the REIT\"},{\"bbox\":[82.6,682.3,550.5,706.1],\"text\":\"industry as a supplemental performance measure. In addition, FFO is used as a measure of our compliance with the financial covenants\"},{\"bbox\":[83.0,708.3,153.6,718.1],\"text\":\"of our credit facility.\"}],\"order\":32,\"text\":\"We define FFO, a non-GAAP measure, consistent with the National Association of Real Estate Investment Trust’s definition, as net\\nincome available to common stockholders, plus depreciation and amortization of real estate assets, reduced by gains on sales of\\ninvestment properties and extraordinary items.\\nWe consider FFO to be an appropriate supplemental measure of a REIT’s operating performance as it is based on a net income\\nanalysis of property portfolio performance that excludes non-cash items such as depreciation. The historical accounting convention used\\nfor real estate assets requires straight-line depreciation of buildings and improvements, which implies that the value of real estate assets\\ndiminishes predictably over time. Since real estate values historically rise and fall with market conditions, presentations of operating\\nresults for a REIT, using historical accounting for depreciation, could be less informative. The use of FFO is recommended by the REIT\\nindustry as a supplemental performance measure. In addition, FFO is used as a measure of our compliance with the financial covenants\\nof our credit facility.\"},{\"bbox\":[541.8,735.5,552.4,743.6],\"lines\":[{\"bbox\":[541.8,735.5,552.4,743.6],\"text\":\"73\"}],\"order\":33,\"text\":\"73\"}],\"doc\":\"fintabnet:O_2008\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Net Income Available to Common Stockholders\\n\\nNet income available to common stockholders was $107.6 million\\nin 2008, a decrease of $8.6 million as compared to $116.2 million\\nin 2007. Net income available to common stockholders in 2006\\nwas $99.4 million.\\nThe calculation to determine net income available to com-\\nmon stockholders includes gains from the sales of properties. The\\namount of gains varies from period to period based on the timing\\nof property sales and can significantly impact net income avail-\\nable to common stockholders.\\n\\nDuring 2008, the gain recognized from the sales of invest-\\nment properties and from the additional proceeds received from a\\nsale of excess land was $13.6 million, as compared to gains\\nrecognized from the sales of investment properties of $3.6 million\\nduring 2007 and $3.0 million during 2006. Crest’s gain recog-\\nnized from the sale of properties during 2008 was $4.6 million\\nas compared to $12.3 million during 2007 and $2.2 million\\nduring 2006.\\n\\nFUNDS FROM OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS (FFO)\\n\\nFFO for 2008 decreased by $4.2 million, or 2.2%, to $185.5 million as compared to $189.7 million in 2007 and $155.8 million in\\n2006. The following is a reconciliation of net income available to common stockholders (which we believe is the most comparable GAAP\\nmeasure) to FFO. Also presented is information regarding distributions paid to common stockholders and the weighted average number\\nof shares used for the basic and diluted computation per share (dollars in thousands, except per share amounts):\\n\\n2008\\n\\n2007\\n\\n2006\\n\\nNet income available to common stockholders\\nDepreciation and amortization:\\nContinuing operations\\nDiscontinued operations\\nDepreciation of furniture, fixtures and equipment\\nGain on sales of land and investment properties:\\nContinuing operations\\nDiscontinued operations\\n\\n$ 107,588\\n\\n$ 116,156\\n\\n$ 99,419\\n\\n90,732\\n1,073\\n(319)\\n\\n76,686\\n636\\n(244)\\n\\n58,783\\n825\\n(192)\\n\\n(236)\\n(13,314)\\n\\n(1,835)\\n(1,724)\\n\\n—\\n(3,036)\\n\\nFFO available to common stockholders\\n\\n$ 185,524\\n\\n$ 189,675\\n\\n$ 155,799\\n\\n$\\n1.83\\n$\\n1.83\\n$ 169,655\\n\\n$\\n1.89\\n$\\n1.89\\n$ 157,659\\n\\n$\\n1.74\\n$\\n1.73\\n$ 129,667\\n\\n$ 15,869\\n\\n$ 32,016\\n\\n$ 26,132\\n\\n101,178,191\\n101,209,883\\n\\n100,195,031\\n100,333,966\\n\\n89,766,714\\n89,917,554\\n\\nFFO per common share:\\nBasic\\nDiluted\\nDistributions paid to common stockholders\\nFFO in excess of distributions paid to\\ncommon stockholders\\nWeighted average number of common shares\\nused for computation per share:\\nBasic\\nDiluted\\n\\nWe define FFO, a non-GAAP measure, consistent with the National Association of Real Estate Investment Trust’s definition, as net\\nincome available to common stockholders, plus depreciation and amortization of real estate assets, reduced by gains on sales of\\ninvestment properties and extraordinary items.\\nWe consider FFO to be an appropriate supplemental measure of a REIT’s operating performance as it is based on a net income\\nanalysis of property portfolio performance that excludes non-cash items such as depreciation. The historical accounting convention used\\nfor real estate assets requires straight-line depreciation of buildings and improvements, which implies that the value of real estate assets\\ndiminishes predictably over time. Since real estate values historically rise and fall with market conditions, presentations of operating\\nresults for a REIT, using historical accounting for depreciation, could be less informative. The use of FFO is recommended by the REIT\\nindustry as a supplemental performance measure. In addition, FFO is used as a measure of our compliance with the financial covenants\\nof our credit facility.\\n\\n73\",\"name\":\"fintabnet.O_2008_page_75__72dpi_heavy\",\"page_id\":\"fintabnet.O_2008_page_75\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.025,\"source\":\"fintabnet\",\"source_id\":\"O_2008_page_75\",\"stack\":[{\"deg\":2.025,\"op\":\"skew\"},{\"amp\":0.234,\"angle\":266.5,\"blob\":0.289,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":4.254,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":11.62},{\"gain\":0.646,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":43}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[69.9,325.8,536.9,584.4],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31],\"cells\":null}],\"text\":\"Net Income Available to Common Stockholders\\n\\nNet income available to common stockholders was $107.6 million\\nin 2008, a decrease of $8.6 million as compared to $116.2 million\\nin 2007. Net income available to common stockholders in 2006\\nwas $99.4 million.\\nThe calculation to determine net income available to com-\\nmon stockholders includes gains from the sales of properties. The\\namount of gains varies from period to period based on the timing\\nof property sales and can significantly impact net income avail-\\nable to common stockholders.\\n\\nDuring 2008, the gain recognized from the sales of invest-\\nment properties and from the additional proceeds received from a\\nsale of excess land was $13.6 million, as compared to gains\\nrecognized from the sales of investment properties of $3.6 million\\nduring 2007 and $3.0 million during 2006. Crest’s gain recog-\\nnized from the sale of properties during 2008 was $4.6 million\\nas compared to $12.3 million during 2007 and $2.2 million\\nduring 2006.\\n\\nFUNDS FROM OPERATIONS AVAILABLE TO COMMON STOCKHOLDERS (FFO)\\n\\nFFO for 2008 decreased by $4.2 million, or 2.2%, to $185.5 million as compared to $189.7 million in 2007 and $155.8 million in\\n2006. The following is a reconciliation of net income available to common stockholders (which we believe is the most comparable GAAP\\nmeasure) to FFO. Also presented is information regarding distributions paid to common stockholders and the weighted average number\\nof shares used for the basic and diluted computation per share (dollars in thousands, except per share amounts):\\n\\n2008\\n\\n2007\\n\\n2006\\n\\nNet income available to common stockholders\\nDepreciation and amortization:\\nContinuing operations\\nDiscontinued operations\\nDepreciation of furniture, fixtures and equipment\\nGain on sales of land and investment properties:\\nContinuing operations\\nDiscontinued operations\\n\\n$ 107,588\\n\\n$ 116,156\\n\\n$ 99,419\\n\\n90,732\\n1,073\\n(319)\\n\\n76,686\\n636\\n(244)\\n\\n58,783\\n825\\n(192)\\n\\n(236)\\n(13,314)\\n\\n(1,835)\\n(1,724)\\n\\n—\\n(3,036)\\n\\nFFO available to common stockholders\\n\\n$ 185,524\\n\\n$ 189,675\\n\\n$ 155,799\\n\\n$\\n1.83\\n$\\n1.83\\n$ 169,655\\n\\n$\\n1.89\\n$\\n1.89\\n$ 157,659\\n\\n$\\n1.74\\n$\\n1.73\\n$ 129,667\\n\\n$ 15,869\\n\\n$ 32,016\\n\\n$ 26,132\\n\\n101,178,191\\n101,209,883\\n\\n100,195,031\\n100,333,966\\n\\n89,766,714\\n89,917,554\\n\\nFFO per common share:\\nBasic\\nDiluted\\nDistributions paid to common stockholders\\nFFO in excess of distributions paid to\\ncommon stockholders\\nWeighted average number of common shares\\nused for computation per share:\\nBasic\\nDiluted\\n\\nWe define FFO, a non-GAAP measure, consistent with the National Association of Real Estate Investment Trust’s definition, as net\\nincome available to common stockholders, plus depreciation and amortization of real estate assets, reduced by gains on sales of\\ninvestment properties and extraordinary items.\\nWe consider FFO to be an appropriate supplemental measure of a REIT’s operating performance as it is based on a net income\\nanalysis of property portfolio performance that excludes non-cash items such as depreciation. The historical accounting convention used\\nfor real estate assets requires straight-line depreciation of buildings and improvements, which implies that the value of real estate assets\\ndiminishes predictably over time. Since real estate values historically rise and fall with market conditions, presentations of operating\\nresults for a REIT, using historical accounting for depreciation, could be less informative. The use of FFO is recommended by the REIT\\nindustry as a supplemental performance measure. In addition, FFO is used as a measure of our compliance with the financial covenants\\nof our credit facility.\\n\\n73\"},\"name\":\"fintabnet.O_2008_page_75__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":49626,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:O_2008\",\"dpi\":72,\"gt_sha256\":\"b12fdcf61b47c4cdf4bcf3c31f5d349ed3453f552320832a4d62a91bba58f761\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.O_2008_page_75__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.O_2008_page_75\",\"pdf_sha256\":\"299a72a602139e837b6e195654e6f81fd96bd3a483d6b135aed70587f67ab5c8\",\"px\":[612,792],\"scan\":{\"render\":\"ffffffffffffffff7fc17ffd21fd3c8530942084000000040038007c00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"O_2008_page_75\",\"src\":{\"file_sha256\":\"6e69810ef53330e41b902c6ef4d254a57063e92ae0a85b213c02938e486e7687\",\"render\":\"000000003e7c3ffc3c003ffc3ff038843cb439b43c8039ac3ffc3ffc00000000\",\"text\":\"b8574493f8a58197df57ecb831449d7da70379ca84337668d94f685c71de63c4\"},\"stack\":[{\"deg\":2.025,\"op\":\"skew\"},{\"amp\":0.234,\"angle\":266.5,\"blob\":0.289,\"op\":\"illumination\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":4.254,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":11.62},{\"gain\":0.646,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":43}],\"tools\":\"21647cade0ee\"},\"sha256\":\"299a72a602139e837b6e195654e6f81fd96bd3a483d6b135aed70587f67ab5c8\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/299a72a602139e837b6e195654e6f81fd96bd3a483d6b135aed70587f67ab5c8.pdf","asset_sha256":"299a72a602139e837b6e195654e6f81fd96bd3a483d6b135aed70587f67ab5c8","document_id":"fintabnet:O_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"O_2008_page_75\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"O_2012_page_93\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:O_2012\",\"ground_truth\":{\"blocks\":[{\"bbox\":[66.1,83.7,340.7,100.7],\"lines\":[{\"bbox\":[66.1,83.7,340.7,100.7],\"text\":\"REALTY INCOME CORPORATION AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"REALTY INCOME CORPORATION AND SUBSIDIARIES\"},{\"bbox\":[67.7,177.5,281.4,200.6],\"lines\":[{\"bbox\":[67.7,177.5,281.4,200.6],\"text\":\"Depreciation and Amortization\"}],\"order\":1,\"text\":\"Depreciation and Amortization\"},{\"bbox\":[68.2,192.4,765.8,319.8],\"lines\":[{\"bbox\":[68.2,192.7,747.5,222.6],\"text\":\"Depreciation and amortization was $149.6 million in 2012, compared to $118.9 million in 2011 and $91.6 million in 2010.\"},{\"bbox\":[68.6,211.9,764.3,242.0],\"text\":\"The increases in depreciation and amortization in 2012 and 2011 were primarily due to the acquisition of properties in 2012\"},{\"bbox\":[68.9,231.5,753.6,261.5],\"text\":\"and 2011, which was partially offset by property sales in those same years. As discussed in the sections entitled “Funds from\"},{\"bbox\":[69.3,250.9,758.6,280.9],\"text\":\"Operations Available to Common Stockholders and Normalized Funds from Operations Available to Common Stockholders”\"},{\"bbox\":[69.7,270.2,762.9,300.3],\"text\":\"and “Adjusted Funds from Operations Available to Common Stockholders,” depreciation and amortization is a non-cash item\"},{\"bbox\":[70.1,289.7,763.6,319.8],\"text\":\"that is added back to net income available to common stockholders for our calculation of FFO, normalized FFO and AFFO.\"}],\"order\":2,\"text\":\"Depreciation and amortization was $149.6 million in 2012, compared to $118.9 million in 2011 and $91.6 million in 2010.\\nThe increases in depreciation and amortization in 2012 and 2011 were primarily due to the acquisition of properties in 2012\\nand 2011, which was partially offset by property sales in those same years. As discussed in the sections entitled “Funds from\\nOperations Available to Common Stockholders and Normalized Funds from Operations Available to Common Stockholders”\\nand “Adjusted Funds from Operations Available to Common Stockholders,” depreciation and amortization is a non-cash item\\nthat is added back to net income available to common stockholders for our calculation of FFO, normalized FFO and AFFO.\"},{\"bbox\":[70.7,333.5,186.7,354.7],\"lines\":[{\"bbox\":[70.7,333.5,186.7,354.7],\"text\":\"Interest Expense\"}],\"order\":3,\"text\":\"Interest Expense\"},{\"bbox\":[71.2,346.7,757.5,473.9],\"lines\":[{\"bbox\":[71.2,346.7,755.6,376.7],\"text\":\"Interest expense was $122.5 million in 2012, compared to $108.3 million in 2011 and $93.2 million in 2010. The increase in\"},{\"bbox\":[71.6,366.6,736.4,396.1],\"text\":\"interest expense from 2011 to 2012 was primarily due to an increase in borrowings attributable to the $150 million re-\"},{\"bbox\":[72.0,385.7,750.2,415.5],\"text\":\"opening of our 5.875% senior unsecured bonds due 2035 in June 2011, the issuance of our 2.00% senior unsecured notes\"},{\"bbox\":[72.3,405.3,741.7,435.0],\"text\":\"due January 2018 in October 2012, and the issuance of our 3.25% senior unsecured notes due October 2022 in October\"},{\"bbox\":[72.7,425.1,725.1,454.4],\"text\":\"2012, interest on our mortgages payable, and higher credit facility borrowings, which were partially offset by lower\"},{\"bbox\":[73.1,454.8,201.6,473.9],\"text\":\"average interest rates.\"}],\"order\":4,\"text\":\"Interest expense was $122.5 million in 2012, compared to $108.3 million in 2011 and $93.2 million in 2010. The increase in\\ninterest expense from 2011 to 2012 was primarily due to an increase in borrowings attributable to the $150 million re-\\nopening of our 5.875% senior unsecured bonds due 2035 in June 2011, the issuance of our 2.00% senior unsecured notes\\ndue January 2018 in October 2012, and the issuance of our 3.25% senior unsecured notes due October 2022 in October\\n2012, interest on our mortgages payable, and higher credit facility borrowings, which were partially offset by lower\\naverage interest rates.\"},{\"bbox\":[73.7,473.3,764.4,561.6],\"lines\":[{\"bbox\":[73.7,473.3,763.3,503.3],\"text\":\"As a result of entering into our new credit facility, we incurred credit facility origination costs of $7.1 million. At December 31,\"},{\"bbox\":[74.1,493.6,720.5,522.7],\"text\":\"2012, $5.9 million of the $7.1 million is included in other assets, net, on our consolidated balance sheet, along with\"},{\"bbox\":[74.5,512.6,743.0,542.2],\"text\":\"$2.2 million incurred as a result of entering into our previous credit facilities. These costs are being amortized over the\"},{\"bbox\":[74.8,539.2,379.3,561.6],\"text\":\"remaining term of our current $1 billion credit facility.\"}],\"order\":5,\"text\":\"As a result of entering into our new credit facility, we incurred credit facility origination costs of $7.1 million. At December 31,\\n2012, $5.9 million of the $7.1 million is included in other assets, net, on our consolidated balance sheet, along with\\n$2.2 million incurred as a result of entering into our previous credit facilities. These costs are being amortized over the\\nremaining term of our current $1 billion credit facility.\"},{\"bbox\":[75.4,564.2,605.3,591.1],\"lines\":[{\"bbox\":[75.4,564.2,605.3,591.1],\"text\":\"The following is a summary of the components of our interest expense (dollars in thousands):\"}],\"order\":6,\"text\":\"The following is a summary of the components of our interest expense (dollars in thousands):\"},{\"bbox\":[510.1,588.7,536.2,600.7],\"lines\":[{\"bbox\":[510.1,588.7,536.2,600.7],\"text\":\"2012\"}],\"order\":7,\"text\":\"2012\"},{\"bbox\":[81.8,609.9,379.4,630.5],\"lines\":[{\"bbox\":[81.8,609.9,379.4,630.5],\"text\":\"Interest on our credit facility, notes, bonds and mortgages\"}],\"order\":8,\"text\":\"Interest on our credit facility, notes, bonds and mortgages\"},{\"bbox\":[469.9,609.3,477.0,621.7],\"lines\":[{\"bbox\":[469.9,609.3,477.0,621.7],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[491.6,608.1,536.6,621.3],\"lines\":[{\"bbox\":[491.6,608.1,536.6,621.3],\"text\":\"117,401\"}],\"order\":10,\"text\":\"117,401\"},{\"bbox\":[623.8,586.5,649.8,598.5],\"lines\":[{\"bbox\":[623.8,586.5,649.8,598.5],\"text\":\"2011\"}],\"order\":11,\"text\":\"2011\"},{\"bbox\":[584.9,607.1,592.1,619.5],\"lines\":[{\"bbox\":[584.9,607.1,592.1,619.5],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[605.2,605.9,650.2,619.1],\"lines\":[{\"bbox\":[605.2,605.9,650.2,619.1],\"text\":\"104,452\"}],\"order\":13,\"text\":\"104,452\"},{\"bbox\":[737.4,584.3,763.5,596.3],\"lines\":[{\"bbox\":[737.4,584.3,763.5,596.3],\"text\":\"2010\"}],\"order\":14,\"text\":\"2010\"},{\"bbox\":[698.6,604.8,705.7,617.3],\"lines\":[{\"bbox\":[698.6,604.8,705.7,617.3],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[725.7,603.7,763.9,616.7],\"lines\":[{\"bbox\":[725.7,603.7,763.9,616.7],\"text\":\"89,916\"}],\"order\":16,\"text\":\"89,916\"},{\"bbox\":[82.2,631.7,307.9,650.9],\"lines\":[{\"bbox\":[82.2,631.7,307.9,650.9],\"text\":\"Interest included in discontinued operations\"}],\"order\":17,\"text\":\"Interest included in discontinued operations\"},{\"bbox\":[513.2,628.5,541.0,641.3],\"lines\":[{\"bbox\":[513.2,628.5,541.0,641.3],\"text\":\"(601)\"}],\"order\":18,\"text\":\"(601)\"},{\"bbox\":[626.8,626.2,654.6,639.1],\"lines\":[{\"bbox\":[626.8,626.2,654.6,639.1],\"text\":\"(785)\"}],\"order\":19,\"text\":\"(785)\"},{\"bbox\":[740.5,624.0,768.3,636.8],\"lines\":[{\"bbox\":[740.5,624.0,768.3,636.8],\"text\":\"(557)\"}],\"order\":20,\"text\":\"(557)\"},{\"bbox\":[82.6,653.3,245.7,671.3],\"lines\":[{\"bbox\":[82.6,653.3,245.7,671.3],\"text\":\"Credit facility commitment fees\"}],\"order\":21,\"text\":\"Credit facility commitment fees\"},{\"bbox\":[506.1,648.9,537.4,661.9],\"lines\":[{\"bbox\":[506.1,648.9,537.4,661.9],\"text\":\"1,684\"}],\"order\":22,\"text\":\"1,684\"},{\"bbox\":[619.8,646.7,651.0,659.6],\"lines\":[{\"bbox\":[619.8,646.7,651.0,659.6],\"text\":\"1,508\"}],\"order\":23,\"text\":\"1,508\"},{\"bbox\":[733.4,644.5,764.7,657.4],\"lines\":[{\"bbox\":[733.4,644.5,764.7,657.4],\"text\":\"1,017\"}],\"order\":24,\"text\":\"1,017\"},{\"bbox\":[83.0,670.2,423.0,708.4],\"lines\":[{\"bbox\":[83.0,670.2,422.7,691.7],\"text\":\"Amortization of credit facility origination costs, deferred financing\"},{\"bbox\":[94.4,689.9,271.2,708.2],\"text\":\"costs and net mortgage premiums\"}],\"order\":25,\"text\":\"Amortization of credit facility origination costs, deferred financing\\ncosts and net mortgage premiums\"},{\"bbox\":[506.5,669.4,537.8,682.3],\"lines\":[{\"bbox\":[506.5,669.4,537.8,682.3],\"text\":\"4,556\"}],\"order\":26,\"text\":\"4,556\"},{\"bbox\":[620.2,667.1,651.4,680.0],\"lines\":[{\"bbox\":[620.2,667.1,651.4,680.0],\"text\":\"3,564\"}],\"order\":27,\"text\":\"3,564\"},{\"bbox\":[733.8,664.9,765.1,677.8],\"lines\":[{\"bbox\":[733.8,664.9,765.1,677.8],\"text\":\"2,871\"}],\"order\":28,\"text\":\"2,871\"},{\"bbox\":[83.7,712.0,182.4,728.8],\"lines\":[{\"bbox\":[83.7,712.0,182.4,728.8],\"text\":\"Interest capitalized\"}],\"order\":29,\"text\":\"Interest capitalized\"},{\"bbox\":[514.7,706.3,542.5,719.2],\"lines\":[{\"bbox\":[514.7,706.3,542.5,719.2],\"text\":\"(498)\"}],\"order\":30,\"text\":\"(498)\"},{\"bbox\":[628.4,704.1,656.1,716.9],\"lines\":[{\"bbox\":[628.4,704.1,656.1,716.9],\"text\":\"(438)\"}],\"order\":31,\"text\":\"(438)\"},{\"bbox\":[748.9,701.9,769.8,714.6],\"lines\":[{\"bbox\":[748.9,701.9,769.8,714.6],\"text\":\"(10)\"}],\"order\":32,\"text\":\"(10)\"},{\"bbox\":[84.1,732.7,169.5,749.2],\"lines\":[{\"bbox\":[84.1,732.7,169.5,749.2],\"text\":\"Interest expense\"}],\"order\":33,\"text\":\"Interest expense\"},{\"bbox\":[84.8,766.7,317.0,784.5],\"lines\":[{\"bbox\":[84.8,766.7,317.0,784.5],\"text\":\"Credit facility, mortgages and notes outstanding\"}],\"order\":34,\"text\":\"Credit facility, mortgages and notes outstanding\"},{\"bbox\":[85.2,785.8,353.3,805.9],\"lines\":[{\"bbox\":[85.2,785.8,353.3,805.9],\"text\":\"Average outstanding balances (dollars in thousands)\"}],\"order\":35,\"text\":\"Average outstanding balances (dollars in thousands)\"},{\"bbox\":[85.6,809.3,199.5,826.3],\"lines\":[{\"bbox\":[85.6,809.3,199.5,826.3],\"text\":\"Average interest rates\"}],\"order\":36,\"text\":\"Average interest rates\"},{\"bbox\":[472.2,728.0,479.4,740.4],\"lines\":[{\"bbox\":[472.2,728.0,479.4,740.4],\"text\":\"$\"}],\"order\":37,\"text\":\"$\"},{\"bbox\":[493.9,726.8,538.9,740.0],\"lines\":[{\"bbox\":[493.9,726.8,538.9,740.0],\"text\":\"122,542\"}],\"order\":38,\"text\":\"122,542\"},{\"bbox\":[587.3,725.7,594.4,738.2],\"lines\":[{\"bbox\":[587.3,725.7,594.4,738.2],\"text\":\"$\"}],\"order\":39,\"text\":\"$\"},{\"bbox\":[607.5,724.6,652.5,737.8],\"lines\":[{\"bbox\":[607.5,724.6,652.5,737.8],\"text\":\"108,301\"}],\"order\":40,\"text\":\"108,301\"},{\"bbox\":[700.9,723.5,708.0,735.9],\"lines\":[{\"bbox\":[700.9,723.5,708.0,735.9],\"text\":\"$\"}],\"order\":41,\"text\":\"$\"},{\"bbox\":[728.1,722.4,766.2,735.4],\"lines\":[{\"bbox\":[728.1,722.4,766.2,735.4],\"text\":\"93,237\"}],\"order\":42,\"text\":\"93,237\"},{\"bbox\":[511.2,763.5,539.0,776.3],\"lines\":[{\"bbox\":[511.2,763.5,539.0,776.3],\"text\":\"2012\"}],\"order\":43,\"text\":\"2012\"},{\"bbox\":[625.1,761.2,652.9,774.1],\"lines\":[{\"bbox\":[625.1,761.2,652.9,774.1],\"text\":\"2011\"}],\"order\":44,\"text\":\"2011\"},{\"bbox\":[739.1,759.0,766.9,771.8],\"lines\":[{\"bbox\":[739.1,759.0,766.9,771.8],\"text\":\"2010\"}],\"order\":45,\"text\":\"2010\"},{\"bbox\":[474.7,783.6,539.3,797.1],\"lines\":[{\"bbox\":[474.7,783.6,539.3,797.1],\"text\":\"$ 2,144,690\"}],\"order\":46,\"text\":\"$ 2,144,690\"},{\"bbox\":[589.1,781.3,653.3,794.9],\"lines\":[{\"bbox\":[589.1,781.3,653.3,794.9],\"text\":\"$ 1,754,935\"}],\"order\":47,\"text\":\"$ 1,754,935\"},{\"bbox\":[703.1,779.1,767.3,792.6],\"lines\":[{\"bbox\":[703.1,779.1,767.3,792.6],\"text\":\"$ 1,496,150\"}],\"order\":48,\"text\":\"$ 1,496,150\"},{\"bbox\":[521.9,803.8,546.2,816.6],\"lines\":[{\"bbox\":[521.9,803.8,546.2,816.6],\"text\":\"5.5%\"}],\"order\":49,\"text\":\"5.5%\"},{\"bbox\":[635.9,801.6,660.2,814.4],\"lines\":[{\"bbox\":[635.9,801.6,660.2,814.4],\"text\":\"6.0%\"}],\"order\":50,\"text\":\"6.0%\"},{\"bbox\":[749.9,799.4,774.2,812.1],\"lines\":[{\"bbox\":[749.9,799.4,774.2,812.1],\"text\":\"6.0%\"}],\"order\":51,\"text\":\"6.0%\"},{\"bbox\":[80.8,837.1,699.6,943.4],\"lines\":[{\"bbox\":[80.8,841.9,453.4,865.7],\"text\":\"At December 31, 2012, the weighted average interest rate on our:\"},{\"bbox\":[93.7,862.2,405.5,884.9],\"text\":\"• Notes and bonds payable of $2.55 billion was 4.99%;\"},{\"bbox\":[94.1,882.2,379.8,904.3],\"text\":\"• Mortgages payable of $175.9 million was 4.38%;\"},{\"bbox\":[94.5,899.1,512.0,923.7],\"text\":\"• Credit facility outstanding borrowings of $158.0 million was 1.28%; and\"},{\"bbox\":[94.8,914.8,699.6,943.2],\"text\":\"• Combined outstanding notes, bonds, mortgages and credit facility borrowings of $2.9 billion was 4.75%.\"}],\"order\":52,\"text\":\"At December 31, 2012, the weighted average interest rate on our:\\n• Notes and bonds payable of $2.55 billion was 4.99%;\\n• Mortgages payable of $175.9 million was 4.38%;\\n• Credit facility outstanding borrowings of $158.0 million was 1.28%; and\\n• Combined outstanding notes, bonds, mortgages and credit facility borrowings of $2.9 billion was 4.75%.\"},{\"bbox\":[809.4,1052.7,822.7,1067.8],\"lines\":[{\"bbox\":[809.4,1052.7,822.7,1067.8],\"text\":\"91\"}],\"order\":53,\"text\":\"91\"}],\"doc\":\"fintabnet:O_2012\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"REALTY INCOME CORPORATION AND SUBSIDIARIES\\n\\nDepreciation and Amortization\\n\\nDepreciation and amortization was $149.6 million in 2012, compared to $118.9 million in 2011 and $91.6 million in 2010.\\nThe increases in depreciation and amortization in 2012 and 2011 were primarily due to the acquisition of properties in 2012\\nand 2011, which was partially offset by property sales in those same years. As discussed in the sections entitled “Funds from\\nOperations Available to Common Stockholders and Normalized Funds from Operations Available to Common Stockholders”\\nand “Adjusted Funds from Operations Available to Common Stockholders,” depreciation and amortization is a non-cash item\\nthat is added back to net income available to common stockholders for our calculation of FFO, normalized FFO and AFFO.\\n\\nInterest Expense\\n\\nInterest expense was $122.5 million in 2012, compared to $108.3 million in 2011 and $93.2 million in 2010. The increase in\\ninterest expense from 2011 to 2012 was primarily due to an increase in borrowings attributable to the $150 million re-\\nopening of our 5.875% senior unsecured bonds due 2035 in June 2011, the issuance of our 2.00% senior unsecured notes\\ndue January 2018 in October 2012, and the issuance of our 3.25% senior unsecured notes due October 2022 in October\\n2012, interest on our mortgages payable, and higher credit facility borrowings, which were partially offset by lower\\naverage interest rates.\\n\\nAs a result of entering into our new credit facility, we incurred credit facility origination costs of $7.1 million. At December 31,\\n2012, $5.9 million of the $7.1 million is included in other assets, net, on our consolidated balance sheet, along with\\n$2.2 million incurred as a result of entering into our previous credit facilities. These costs are being amortized over the\\nremaining term of our current $1 billion credit facility.\\n\\nThe following is a summary of the components of our interest expense (dollars in thousands):\\n\\n2012\\n\\nInterest on our credit facility, notes, bonds and mortgages\\n\\n$\\n\\n117,401\\n\\n2011\\n\\n$\\n\\n104,452\\n\\n2010\\n\\n$\\n\\n89,916\\n\\nInterest included in discontinued operations\\n\\n(601)\\n\\n(785)\\n\\n(557)\\n\\nCredit facility commitment fees\\n\\n1,684\\n\\n1,508\\n\\n1,017\\n\\nAmortization of credit facility origination costs, deferred financing\\ncosts and net mortgage premiums\\n\\n4,556\\n\\n3,564\\n\\n2,871\\n\\nInterest capitalized\\n\\n(498)\\n\\n(438)\\n\\n(10)\\n\\nInterest expense\\n\\nCredit facility, mortgages and notes outstanding\\n\\nAverage outstanding balances (dollars in thousands)\\n\\nAverage interest rates\\n\\n$\\n\\n122,542\\n\\n$\\n\\n108,301\\n\\n$\\n\\n93,237\\n\\n2012\\n\\n2011\\n\\n2010\\n\\n$ 2,144,690\\n\\n$ 1,754,935\\n\\n$ 1,496,150\\n\\n5.5%\\n\\n6.0%\\n\\n6.0%\\n\\nAt December 31, 2012, the weighted average interest rate on our:\\n• Notes and bonds payable of $2.55 billion was 4.99%;\\n• Mortgages payable of $175.9 million was 4.38%;\\n• Credit facility outstanding borrowings of $158.0 million was 1.28%; and\\n• Combined outstanding notes, bonds, mortgages and credit facility borrowings of $2.9 billion was 4.75%.\\n\\n91\",\"name\":\"fintabnet.O_2012_page_93__100dpi_medium\",\"page_id\":\"fintabnet.O_2012_page_93\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.125,\"source\":\"fintabnet\",\"source_id\":\"O_2012_page_93\",\"stack\":[{\"deg\":1.125,\"op\":\"skew\"},{\"amp\":0.15,\"angle\":305.2,\"blob\":0.521,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.694},{\"op\":\"noise\",\"sigma\":8.697},{\"gain\":0.692,\"op\":\"contrast\"},{\"bias\":0.117,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":33}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[81.4,584.1,774.2,826.7],\"block_orders\":[7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51],\"cells\":null}],\"text\":\"REALTY INCOME CORPORATION AND SUBSIDIARIES\\n\\nDepreciation and Amortization\\n\\nDepreciation and amortization was $149.6 million in 2012, compared to $118.9 million in 2011 and $91.6 million in 2010.\\nThe increases in depreciation and amortization in 2012 and 2011 were primarily due to the acquisition of properties in 2012\\nand 2011, which was partially offset by property sales in those same years. As discussed in the sections entitled “Funds from\\nOperations Available to Common Stockholders and Normalized Funds from Operations Available to Common Stockholders”\\nand “Adjusted Funds from Operations Available to Common Stockholders,” depreciation and amortization is a non-cash item\\nthat is added back to net income available to common stockholders for our calculation of FFO, normalized FFO and AFFO.\\n\\nInterest Expense\\n\\nInterest expense was $122.5 million in 2012, compared to $108.3 million in 2011 and $93.2 million in 2010. The increase in\\ninterest expense from 2011 to 2012 was primarily due to an increase in borrowings attributable to the $150 million re-\\nopening of our 5.875% senior unsecured bonds due 2035 in June 2011, the issuance of our 2.00% senior unsecured notes\\ndue January 2018 in October 2012, and the issuance of our 3.25% senior unsecured notes due October 2022 in October\\n2012, interest on our mortgages payable, and higher credit facility borrowings, which were partially offset by lower\\naverage interest rates.\\n\\nAs a result of entering into our new credit facility, we incurred credit facility origination costs of $7.1 million. At December 31,\\n2012, $5.9 million of the $7.1 million is included in other assets, net, on our consolidated balance sheet, along with\\n$2.2 million incurred as a result of entering into our previous credit facilities. These costs are being amortized over the\\nremaining term of our current $1 billion credit facility.\\n\\nThe following is a summary of the components of our interest expense (dollars in thousands):\\n\\n2012\\n\\nInterest on our credit facility, notes, bonds and mortgages\\n\\n$\\n\\n117,401\\n\\n2011\\n\\n$\\n\\n104,452\\n\\n2010\\n\\n$\\n\\n89,916\\n\\nInterest included in discontinued operations\\n\\n(601)\\n\\n(785)\\n\\n(557)\\n\\nCredit facility commitment fees\\n\\n1,684\\n\\n1,508\\n\\n1,017\\n\\nAmortization of credit facility origination costs, deferred financing\\ncosts and net mortgage premiums\\n\\n4,556\\n\\n3,564\\n\\n2,871\\n\\nInterest capitalized\\n\\n(498)\\n\\n(438)\\n\\n(10)\\n\\nInterest expense\\n\\nCredit facility, mortgages and notes outstanding\\n\\nAverage outstanding balances (dollars in thousands)\\n\\nAverage interest rates\\n\\n$\\n\\n122,542\\n\\n$\\n\\n108,301\\n\\n$\\n\\n93,237\\n\\n2012\\n\\n2011\\n\\n2010\\n\\n$ 2,144,690\\n\\n$ 1,754,935\\n\\n$ 1,496,150\\n\\n5.5%\\n\\n6.0%\\n\\n6.0%\\n\\nAt December 31, 2012, the weighted average interest rate on our:\\n• Notes and bonds payable of $2.55 billion was 4.99%;\\n• Mortgages payable of $175.9 million was 4.38%;\\n• Credit facility outstanding borrowings of $158.0 million was 1.28%; and\\n• Combined outstanding notes, bonds, mortgages and credit facility borrowings of $2.9 billion was 4.75%.\\n\\n91\"},\"name\":\"fintabnet.O_2012_page_93__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":20135,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:O_2012\",\"dpi\":100,\"gt_sha256\":\"a50353db1db99cc35229e6b5e90e57e2a2b723ab1da2233a2654826e41852181\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.O_2012_page_93__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.O_2012_page_93\",\"pdf_sha256\":\"83d60ba8b583b557f9748147a8e25ba120726344336926feb79a75dd564e5cbc\",\"px\":[850,1100],\"scan\":{\"render\":\"0000000000007ffc7ffc7ffc7ffc7ffc7ff07e00785e3c7a3f003fc000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"O_2012_page_93\",\"src\":{\"file_sha256\":\"21d6d9fd5841b00a3b04e617146edf32ed1a03d7d53e211f531a403b5576dcaa\",\"render\":\"0000000038007ffc7ffc7ffc7ffc7ffc3ff03cc07ffe7efe3e003f8000000000\",\"text\":\"741440f5017477c1948e56781518de1983eb5373f4281012dfde392be9e75fa6\"},\"stack\":[{\"deg\":1.125,\"op\":\"skew\"},{\"amp\":0.15,\"angle\":305.2,\"blob\":0.521,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.694},{\"op\":\"noise\",\"sigma\":8.697},{\"gain\":0.692,\"op\":\"contrast\"},{\"bias\":0.117,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":33}],\"tools\":\"21647cade0ee\"},\"sha256\":\"83d60ba8b583b557f9748147a8e25ba120726344336926feb79a75dd564e5cbc\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/83d60ba8b583b557f9748147a8e25ba120726344336926feb79a75dd564e5cbc.pdf","asset_sha256":"83d60ba8b583b557f9748147a8e25ba120726344336926feb79a75dd564e5cbc","document_id":"fintabnet:O_2012","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"O_2012_page_93\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PAYC_2017_page_56\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PAYC_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[69.0,68.0,524.7,89.2],\"lines\":[{\"bbox\":[89.0,68.0,524.7,77.2],\"text\":\"The following table summarizes the consolidated statements of cash flows for the years ended December 31,\"},{\"bbox\":[69.0,80.0,156.2,89.2],\"text\":\"2017, 2016 and 2015:\"}],\"order\":0,\"text\":\"The following table summarizes the consolidated statements of cash flows for the years ended December 31,\\n2017, 2016 and 2015:\"},{\"bbox\":[211.4,100.7,318.6,131.9],\"lines\":[{\"bbox\":[218.9,100.7,308.7,107.9],\"text\":\"Year Ended December 31,\"},{\"bbox\":[211.4,112.7,227.4,119.9],\"text\":\"2017\"},{\"bbox\":[258.3,112.7,274.3,119.9],\"text\":\"2016\"},{\"bbox\":[302.6,112.7,318.6,119.9],\"text\":\"2015\"},{\"bbox\":[239.5,124.7,288.1,131.9],\"text\":\"(in thousands)\"}],\"order\":1,\"text\":\"Year Ended December 31,\\n2017\\n2016\\n2015\\n(in thousands)\"},{\"bbox\":[334.6,100.7,525.0,119.9],\"lines\":[{\"bbox\":[340.0,100.7,372.2,107.9],\"text\":\"$ Change\"},{\"bbox\":[387.1,100.7,423.3,107.9],\"text\":\"% Change\"},{\"bbox\":[438.2,100.7,470.4,107.9],\"text\":\"$ Change\"},{\"bbox\":[485.3,100.7,521.5,107.9],\"text\":\"% Change\"},{\"bbox\":[334.6,112.7,525.0,119.9],\"text\":\"2017 vs 2016 2017 vs 2016 2016 vs 2015 2016 vs 2015\"}],\"order\":2,\"text\":\"$ Change\\n% Change\\n$ Change\\n% Change\\n2017 vs 2016 2017 vs 2016 2016 vs 2015 2016 vs 2015\"},{\"bbox\":[69.0,135.3,167.7,192.5],\"lines\":[{\"bbox\":[69.0,135.3,154.3,144.5],\"text\":\"Net cash provided by\"},{\"bbox\":[79.0,147.3,117.1,156.5],\"text\":\"(used in):\"},{\"bbox\":[89.0,159.3,167.7,168.5],\"text\":\"Operating activities\"},{\"bbox\":[89.0,171.3,164.9,180.5],\"text\":\"Investing activities\"},{\"bbox\":[89.0,183.3,167.7,192.5],\"text\":\"Financing activities\"}],\"order\":3,\"text\":\"Net cash provided by\\n(used in):\\nOperating activities\\nInvesting activities\\nFinancing activities\"},{\"bbox\":[199.1,159.3,377.4,192.5],\"lines\":[{\"bbox\":[199.1,159.3,374.1,168.5],\"text\":\"$ 130,600 $ 98,953 $ 42,972 $ 31,647\"},{\"bbox\":[204.1,171.3,377.4,180.5],\"text\":\"(290,346) (205,051) (52,324) (85,295)\"},{\"bbox\":[207.4,183.3,328.6,192.5],\"text\":\"145,665 115,542 34,922\"},{\"bbox\":[346.6,183.3,374.1,192.5],\"text\":\"30,123\"}],\"order\":4,\"text\":\"$ 130,600 $ 98,953 $ 42,972 $ 31,647\\n(290,346) (205,051) (52,324) (85,295)\\n145,665 115,542 34,922\\n30,123\"},{\"bbox\":[69.0,199.3,182.1,220.5],\"lines\":[{\"bbox\":[69.0,199.3,182.1,208.5],\"text\":\"Net change in cash and cash\"},{\"bbox\":[79.0,211.3,124.5,220.5],\"text\":\"equivalents\"}],\"order\":5,\"text\":\"Net change in cash and cash\\nequivalents\"},{\"bbox\":[199.1,211.3,250.9,220.5],\"lines\":[{\"bbox\":[199.1,211.3,250.9,220.5],\"text\":\"$ (14,081) $\"}],\"order\":6,\"text\":\"$ (14,081) $\"},{\"bbox\":[264.3,211.3,377.4,220.5],\"lines\":[{\"bbox\":[264.3,211.3,377.4,220.5],\"text\":\"9,444 $ 25,570 $(23,525)\"}],\"order\":7,\"text\":\"9,444 $ 25,570 $(23,525)\"},{\"bbox\":[404.5,159.3,422.8,192.5],\"lines\":[{\"bbox\":[404.5,159.3,422.8,168.5],\"text\":\"32%\"},{\"bbox\":[404.5,171.3,422.8,180.5],\"text\":\"42%\"},{\"bbox\":[404.5,183.3,422.8,192.5],\"text\":\"26%\"}],\"order\":8,\"text\":\"32%\\n42%\\n26%\"},{\"bbox\":[434.0,159.3,478.1,192.5],\"lines\":[{\"bbox\":[434.0,159.3,474.8,168.5],\"text\":\"$ 55,981\"},{\"bbox\":[439.0,171.3,478.1,180.5],\"text\":\"(152,727)\"},{\"bbox\":[447.3,183.3,474.8,192.5],\"text\":\"80,620\"}],\"order\":9,\"text\":\"$ 55,981\\n(152,727)\\n80,620\"},{\"bbox\":[496.0,159.3,519.3,192.5],\"lines\":[{\"bbox\":[496.0,159.3,519.3,168.5],\"text\":\"130%\"},{\"bbox\":[496.0,171.3,519.3,180.5],\"text\":\"292%\"},{\"bbox\":[496.0,183.3,519.3,192.5],\"text\":\"231%\"}],\"order\":10,\"text\":\"130%\\n292%\\n231%\"},{\"bbox\":[396.1,211.3,478.1,220.5],\"lines\":[{\"bbox\":[396.1,211.3,478.1,220.5],\"text\":\"(249%) $ (16,126)\"}],\"order\":11,\"text\":\"(249%) $ (16,126)\"},{\"bbox\":[497.6,211.3,522.6,220.5],\"lines\":[{\"bbox\":[497.6,211.3,522.6,220.5],\"text\":\"(63%)\"}],\"order\":12,\"text\":\"(63%)\"},{\"bbox\":[89.0,246.3,169.9,255.3],\"lines\":[{\"bbox\":[89.0,246.3,169.9,255.3],\"text\":\"Operating Activities\"}],\"order\":13,\"text\":\"Operating Activities\"},{\"bbox\":[69.0,263.9,522.7,345.1],\"lines\":[{\"bbox\":[89.0,263.9,522.4,273.1],\"text\":\"Cash flows from operating activities for the year ended December 31, 2017 primarily consisted of payments\"},{\"bbox\":[69.0,275.9,522.6,285.1],\"text\":\"received from our clients and interest earned on funds held for clients. Cash used in operating activities primarily\"},{\"bbox\":[69.0,287.9,522.7,297.1],\"text\":\"consisted of cash we invested in personnel and expenditures made to support the growth and infrastructure of our\"},{\"bbox\":[69.0,299.9,502.2,309.1],\"text\":\"business. These payments included costs of operations, advertising and other sales and marketing efforts, IT\"},{\"bbox\":[69.0,311.9,517.3,321.1],\"text\":\"infrastructure development, product research and development and security and administrative costs. Compared\"},{\"bbox\":[69.0,323.9,500.8,333.1],\"text\":\"to the year ended December 31, 2016, our operating cash flows for the year ended December 31, 2017 were\"},{\"bbox\":[69.0,335.9,271.5,345.1],\"text\":\"positively impacted by the growth of our business.\"}],\"order\":14,\"text\":\"Cash flows from operating activities for the year ended December 31, 2017 primarily consisted of payments\\nreceived from our clients and interest earned on funds held for clients. Cash used in operating activities primarily\\nconsisted of cash we invested in personnel and expenditures made to support the growth and infrastructure of our\\nbusiness. These payments included costs of operations, advertising and other sales and marketing efforts, IT\\ninfrastructure development, product research and development and security and administrative costs. Compared\\nto the year ended December 31, 2016, our operating cash flows for the year ended December 31, 2017 were\\npositively impacted by the growth of our business.\"},{\"bbox\":[69.0,359.2,522.7,440.4],\"lines\":[{\"bbox\":[89.0,359.2,522.4,368.4],\"text\":\"Cash flows from operating activities for the year ended December 31, 2016 primarily consisted of payments\"},{\"bbox\":[69.0,371.2,522.6,380.4],\"text\":\"received from our clients and interest earned on funds held for clients. Cash used in operating activities primarily\"},{\"bbox\":[69.0,383.2,522.7,392.4],\"text\":\"consisted of cash we invested in personnel and expenditures made to support the growth and infrastructure of our\"},{\"bbox\":[69.0,395.2,471.5,404.4],\"text\":\"business. These payments included costs of operations, sales and marketing efforts, IT infrastructure\"},{\"bbox\":[69.0,407.2,488.7,416.4],\"text\":\"development and security and administrative costs. Compared to the year ended December 31, 2015, our\"},{\"bbox\":[69.0,419.2,496.2,428.4],\"text\":\"operating cash flows for the year ended December 31, 2016 were positively impacted by the growth of our\"},{\"bbox\":[69.0,431.2,105.4,440.4],\"text\":\"business.\"}],\"order\":15,\"text\":\"Cash flows from operating activities for the year ended December 31, 2016 primarily consisted of payments\\nreceived from our clients and interest earned on funds held for clients. Cash used in operating activities primarily\\nconsisted of cash we invested in personnel and expenditures made to support the growth and infrastructure of our\\nbusiness. These payments included costs of operations, sales and marketing efforts, IT infrastructure\\ndevelopment and security and administrative costs. Compared to the year ended December 31, 2015, our\\noperating cash flows for the year ended December 31, 2016 were positively impacted by the growth of our\\nbusiness.\"},{\"bbox\":[89.0,460.2,165.5,469.2],\"lines\":[{\"bbox\":[89.0,460.2,165.5,469.2],\"text\":\"Investing Activities\"}],\"order\":16,\"text\":\"Investing Activities\"},{\"bbox\":[69.0,477.8,522.1,511.0],\"lines\":[{\"bbox\":[89.0,477.8,522.1,487.0],\"text\":\"Cash flows from investing activities for the year ended December 31, 2017 changed by $85.3 million due to\"},{\"bbox\":[69.0,489.8,488.6,499.0],\"text\":\"the impact of changes in funds held for clients and a $15.6 million increase in cash used for purchases of\"},{\"bbox\":[69.0,501.8,508.3,511.0],\"text\":\"property and equipment, primarily as a result of the ongoing construction of our fourth headquarters building.\"}],\"order\":17,\"text\":\"Cash flows from investing activities for the year ended December 31, 2017 changed by $85.3 million due to\\nthe impact of changes in funds held for clients and a $15.6 million increase in cash used for purchases of\\nproperty and equipment, primarily as a result of the ongoing construction of our fourth headquarters building.\"},{\"bbox\":[69.0,525.1,516.8,558.3],\"lines\":[{\"bbox\":[89.0,525.1,516.8,534.3],\"text\":\"Cash flows from investing activities for the year ended December 31, 2016 changed by $152.7 million due\"},{\"bbox\":[69.0,537.1,498.9,546.3],\"text\":\"to the impact of changes in funds held for clients and a $27.3 million increase in cash used for purchases of\"},{\"bbox\":[69.0,549.1,467.5,558.3],\"text\":\"property and equipment, primarily as a result of the construction of our third headquarters building.\"}],\"order\":18,\"text\":\"Cash flows from investing activities for the year ended December 31, 2016 changed by $152.7 million due\\nto the impact of changes in funds held for clients and a $27.3 million increase in cash used for purchases of\\nproperty and equipment, primarily as a result of the construction of our third headquarters building.\"},{\"bbox\":[89.0,578.1,169.9,587.1],\"lines\":[{\"bbox\":[89.0,578.1,169.9,587.1],\"text\":\"Financing Activities\"}],\"order\":19,\"text\":\"Financing Activities\"},{\"bbox\":[69.0,595.7,523.2,688.9],\"lines\":[{\"bbox\":[89.0,595.7,523.2,604.9],\"text\":\"Cash flows from financing activities for the year ended December 31, 2017 changed by $30.1 million due to\"},{\"bbox\":[69.0,607.7,497.0,616.9],\"text\":\"the impact of changes in client funds obligation, which is due to the timing of receipts from our clients and\"},{\"bbox\":[69.0,619.7,510.3,628.9],\"text\":\"payments to our client’s employees. Financing cash flows were also impacted by the $35.9 million increase in\"},{\"bbox\":[69.0,631.7,511.9,640.9],\"text\":\"proceeds from the issuance of long-term debt. These cash flows provided by financing activities were partially\"},{\"bbox\":[69.0,643.7,506.7,652.9],\"text\":\"offset by the $34.3 million increase in payments on long-term debt related to our previous loan agreements, a\"},{\"bbox\":[69.0,655.7,502.4,664.9],\"text\":\"$21.3 million increase in open market purchases of common stock, an $18.5 million increase in withholding\"},{\"bbox\":[69.0,667.7,517.1,676.9],\"text\":\"taxes paid related to net share settlements, $0.8 million in debt extinguishment costs and a $0.3 million increase\"},{\"bbox\":[69.0,679.7,220.6,688.9],\"text\":\"in the payment of debt issuance costs.\"}],\"order\":20,\"text\":\"Cash flows from financing activities for the year ended December 31, 2017 changed by $30.1 million due to\\nthe impact of changes in client funds obligation, which is due to the timing of receipts from our clients and\\npayments to our client’s employees. Financing cash flows were also impacted by the $35.9 million increase in\\nproceeds from the issuance of long-term debt. These cash flows provided by financing activities were partially\\noffset by the $34.3 million increase in payments on long-term debt related to our previous loan agreements, a\\n$21.3 million increase in open market purchases of common stock, an $18.5 million increase in withholding\\ntaxes paid related to net share settlements, $0.8 million in debt extinguishment costs and a $0.3 million increase\\nin the payment of debt issuance costs.\"},{\"bbox\":[292.0,704.0,302.0,713.2],\"lines\":[{\"bbox\":[292.0,704.0,302.0,713.2],\"text\":\"44\"}],\"order\":21,\"text\":\"44\"}],\"doc\":\"fintabnet:PAYC_2017\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"The following table summarizes the consolidated statements of cash flows for the years ended December 31,\\n2017, 2016 and 2015:\\n\\nYear Ended December 31,\\n2017\\n2016\\n2015\\n(in thousands)\\n\\n$ Change\\n% Change\\n$ Change\\n% Change\\n2017 vs 2016 2017 vs 2016 2016 vs 2015 2016 vs 2015\\n\\nNet cash provided by\\n(used in):\\nOperating activities\\nInvesting activities\\nFinancing activities\\n\\n$ 130,600 $ 98,953 $ 42,972 $ 31,647\\n(290,346) (205,051) (52,324) (85,295)\\n145,665 115,542 34,922\\n30,123\\n\\nNet change in cash and cash\\nequivalents\\n\\n$ (14,081) $\\n\\n9,444 $ 25,570 $(23,525)\\n\\n32%\\n42%\\n26%\\n\\n$ 55,981\\n(152,727)\\n80,620\\n\\n130%\\n292%\\n231%\\n\\n(249%) $ (16,126)\\n\\n(63%)\\n\\nOperating Activities\\n\\nCash flows from operating activities for the year ended December 31, 2017 primarily consisted of payments\\nreceived from our clients and interest earned on funds held for clients. Cash used in operating activities primarily\\nconsisted of cash we invested in personnel and expenditures made to support the growth and infrastructure of our\\nbusiness. These payments included costs of operations, advertising and other sales and marketing efforts, IT\\ninfrastructure development, product research and development and security and administrative costs. Compared\\nto the year ended December 31, 2016, our operating cash flows for the year ended December 31, 2017 were\\npositively impacted by the growth of our business.\\n\\nCash flows from operating activities for the year ended December 31, 2016 primarily consisted of payments\\nreceived from our clients and interest earned on funds held for clients. Cash used in operating activities primarily\\nconsisted of cash we invested in personnel and expenditures made to support the growth and infrastructure of our\\nbusiness. These payments included costs of operations, sales and marketing efforts, IT infrastructure\\ndevelopment and security and administrative costs. Compared to the year ended December 31, 2015, our\\noperating cash flows for the year ended December 31, 2016 were positively impacted by the growth of our\\nbusiness.\\n\\nInvesting Activities\\n\\nCash flows from investing activities for the year ended December 31, 2017 changed by $85.3 million due to\\nthe impact of changes in funds held for clients and a $15.6 million increase in cash used for purchases of\\nproperty and equipment, primarily as a result of the ongoing construction of our fourth headquarters building.\\n\\nCash flows from investing activities for the year ended December 31, 2016 changed by $152.7 million due\\nto the impact of changes in funds held for clients and a $27.3 million increase in cash used for purchases of\\nproperty and equipment, primarily as a result of the construction of our third headquarters building.\\n\\nFinancing Activities\\n\\nCash flows from financing activities for the year ended December 31, 2017 changed by $30.1 million due to\\nthe impact of changes in client funds obligation, which is due to the timing of receipts from our clients and\\npayments to our client’s employees. Financing cash flows were also impacted by the $35.9 million increase in\\nproceeds from the issuance of long-term debt. These cash flows provided by financing activities were partially\\noffset by the $34.3 million increase in payments on long-term debt related to our previous loan agreements, a\\n$21.3 million increase in open market purchases of common stock, an $18.5 million increase in withholding\\ntaxes paid related to net share settlements, $0.8 million in debt extinguishment costs and a $0.3 million increase\\nin the payment of debt issuance costs.\\n\\n44\",\"name\":\"fintabnet.PAYC_2017_page_56__72dpi_mild\",\"page_id\":\"fintabnet.PAYC_2017_page_56\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PAYC_2017_page_56\",\"stack\":[{\"amp\":0.031,\"angle\":92.4,\"blob\":0.372,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.357},{\"op\":\"noise\",\"sigma\":3.765},{\"gain\":0.892,\"op\":\"contrast\"},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[69.0,98.9,525.0,220.5],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12],\"cells\":null}],\"text\":\"The following table summarizes the consolidated statements of cash flows for the years ended December 31,\\n2017, 2016 and 2015:\\n\\nYear Ended December 31,\\n2017\\n2016\\n2015\\n(in thousands)\\n\\n$ Change\\n% Change\\n$ Change\\n% Change\\n2017 vs 2016 2017 vs 2016 2016 vs 2015 2016 vs 2015\\n\\nNet cash provided by\\n(used in):\\nOperating activities\\nInvesting activities\\nFinancing activities\\n\\n$ 130,600 $ 98,953 $ 42,972 $ 31,647\\n(290,346) (205,051) (52,324) (85,295)\\n145,665 115,542 34,922\\n30,123\\n\\nNet change in cash and cash\\nequivalents\\n\\n$ (14,081) $\\n\\n9,444 $ 25,570 $(23,525)\\n\\n32%\\n42%\\n26%\\n\\n$ 55,981\\n(152,727)\\n80,620\\n\\n130%\\n292%\\n231%\\n\\n(249%) $ (16,126)\\n\\n(63%)\\n\\nOperating Activities\\n\\nCash flows from operating activities for the year ended December 31, 2017 primarily consisted of payments\\nreceived from our clients and interest earned on funds held for clients. Cash used in operating activities primarily\\nconsisted of cash we invested in personnel and expenditures made to support the growth and infrastructure of our\\nbusiness. These payments included costs of operations, advertising and other sales and marketing efforts, IT\\ninfrastructure development, product research and development and security and administrative costs. Compared\\nto the year ended December 31, 2016, our operating cash flows for the year ended December 31, 2017 were\\npositively impacted by the growth of our business.\\n\\nCash flows from operating activities for the year ended December 31, 2016 primarily consisted of payments\\nreceived from our clients and interest earned on funds held for clients. Cash used in operating activities primarily\\nconsisted of cash we invested in personnel and expenditures made to support the growth and infrastructure of our\\nbusiness. These payments included costs of operations, sales and marketing efforts, IT infrastructure\\ndevelopment and security and administrative costs. Compared to the year ended December 31, 2015, our\\noperating cash flows for the year ended December 31, 2016 were positively impacted by the growth of our\\nbusiness.\\n\\nInvesting Activities\\n\\nCash flows from investing activities for the year ended December 31, 2017 changed by $85.3 million due to\\nthe impact of changes in funds held for clients and a $15.6 million increase in cash used for purchases of\\nproperty and equipment, primarily as a result of the ongoing construction of our fourth headquarters building.\\n\\nCash flows from investing activities for the year ended December 31, 2016 changed by $152.7 million due\\nto the impact of changes in funds held for clients and a $27.3 million increase in cash used for purchases of\\nproperty and equipment, primarily as a result of the construction of our third headquarters building.\\n\\nFinancing Activities\\n\\nCash flows from financing activities for the year ended December 31, 2017 changed by $30.1 million due to\\nthe impact of changes in client funds obligation, which is due to the timing of receipts from our clients and\\npayments to our client’s employees. Financing cash flows were also impacted by the $35.9 million increase in\\nproceeds from the issuance of long-term debt. These cash flows provided by financing activities were partially\\noffset by the $34.3 million increase in payments on long-term debt related to our previous loan agreements, a\\n$21.3 million increase in open market purchases of common stock, an $18.5 million increase in withholding\\ntaxes paid related to net share settlements, $0.8 million in debt extinguishment costs and a $0.3 million increase\\nin the payment of debt issuance costs.\\n\\n44\"},\"name\":\"fintabnet.PAYC_2017_page_56__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":287047,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PAYC_2017\",\"dpi\":72,\"gt_sha256\":\"8bd30709710a8f18e92b13ac66cb739ede05b54c6fcdc38fc6e9f28ef19e7c9a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PAYC_2017_page_56__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.PAYC_2017_page_56\",\"pdf_sha256\":\"3fa1b5ecc979bd1784a72b835288324258219fe124de1689c2e9243d2ec078b6\",\"px\":[594,774],\"scan\":{\"render\":\"00001000037c33cc23c83ffc3ffc3ffc3ff800003ffc3ff83ffc3ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"PAYC_2017_page_56\",\"src\":{\"file_sha256\":\"144878f22c7a14cd28e39bdd368ece2dd3f2d1301c427c15828e1f058a097752\",\"render\":\"0000100007fc33cc27c83ffc3ffc3ffc3ff810003ffc3ff83ffc3ffc00000000\",\"text\":\"192c0f8c045bef8ddb1c8ebd28e0d1c6e1061c4a9bae39c405332b827c97e3ff\"},\"stack\":[{\"amp\":0.031,\"angle\":92.4,\"blob\":0.372,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.357},{\"op\":\"noise\",\"sigma\":3.765},{\"gain\":0.892,\"op\":\"contrast\"},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"3fa1b5ecc979bd1784a72b835288324258219fe124de1689c2e9243d2ec078b6\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/3fa1b5ecc979bd1784a72b835288324258219fe124de1689c2e9243d2ec078b6.pdf","asset_sha256":"3fa1b5ecc979bd1784a72b835288324258219fe124de1689c2e9243d2ec078b6","document_id":"fintabnet:PAYC_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PAYC_2017_page_56\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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Banking:\"},{\"bbox\":[185.5,358.5,407.7,377.6],\"text\":\"Commercial real estate (1)\"},{\"bbox\":[185.5,383.5,437.8,402.6],\"text\":\"Commercial and industrial (2)\"},{\"bbox\":[185.5,408.5,390.7,427.6],\"text\":\"Equipment financing (3)\"}],\"order\":3,\"text\":\"Commercial Banking:\\nCommercial real estate (1)\\nCommercial and industrial (2)\\nEquipment financing (3)\"},{\"bbox\":[770.9,358.5,791.8,427.6],\"lines\":[{\"bbox\":[770.9,358.5,791.8,377.6],\"text\":\"36\"},{\"bbox\":[770.9,383.5,791.8,402.6],\"text\":\"47\"},{\"bbox\":[770.9,408.5,791.8,427.6],\"text\":\"36\"}],\"order\":4,\"text\":\"36\\n47\\n36\"},{\"bbox\":[866.5,358.5,923.8,427.6],\"lines\":[{\"bbox\":[866.5,358.5,923.8,377.6],\"text\":\"$ 58.3\"},{\"bbox\":[887.3,383.5,923.8,402.6],\"text\":\"67.5\"},{\"bbox\":[887.3,408.5,923.8,427.6],\"text\":\"26.0\"}],\"order\":5,\"text\":\"$ 58.3\\n67.5\\n26.0\"},{\"bbox\":[1005.1,358.5,1062.4,427.6],\"lines\":[{\"bbox\":[1005.1,358.5,1062.4,377.6],\"text\":\"$ 58.3\"},{\"bbox\":[1025.9,383.5,1062.4,402.6],\"text\":\"67.5\"},{\"bbox\":[1025.9,408.5,1062.4,427.6],\"text\":\"26.0\"}],\"order\":6,\"text\":\"$ 58.3\\n67.5\\n26.0\"},{\"bbox\":[760.5,441.8,791.8,460.9],\"lines\":[{\"bbox\":[760.5,441.8,791.8,460.9],\"text\":\"119\"}],\"order\":7,\"text\":\"119\"},{\"bbox\":[876.9,441.8,923.8,460.9],\"lines\":[{\"bbox\":[876.9,441.8,923.8,460.9],\"text\":\"151.8\"}],\"order\":8,\"text\":\"151.8\"},{\"bbox\":[1015.5,441.8,1062.4,460.9],\"lines\":[{\"bbox\":[1015.5,441.8,1062.4,460.9],\"text\":\"151.8\"}],\"order\":9,\"text\":\"151.8\"},{\"bbox\":[760.5,500.2,791.8,569.3],\"lines\":[{\"bbox\":[770.9,500.2,791.8,519.3],\"text\":\"93\"},{\"bbox\":[760.5,525.2,791.8,544.3],\"text\":\"115\"},{\"bbox\":[760.5,550.2,781.4,569.3],\"text\":\"—\"}],\"order\":10,\"text\":\"93\\n115\\n—\"},{\"bbox\":[887.3,500.2,923.8,569.3],\"lines\":[{\"bbox\":[887.3,500.2,923.8,519.3],\"text\":\"29.5\"},{\"bbox\":[897.8,525.2,923.8,544.3],\"text\":\"9.0\"},{\"bbox\":[892.5,550.2,913.4,569.3],\"text\":\"—\"}],\"order\":11,\"text\":\"29.5\\n9.0\\n—\"},{\"bbox\":[1025.9,500.2,1062.4,569.3],\"lines\":[{\"bbox\":[1025.9,500.2,1062.4,519.3],\"text\":\"29.5\"},{\"bbox\":[1036.4,525.2,1062.4,544.3],\"text\":\"9.0\"},{\"bbox\":[1031.1,550.2,1052.0,569.3],\"text\":\"—\"}],\"order\":12,\"text\":\"29.5\\n9.0\\n—\"},{\"bbox\":[227.2,583.5,271.2,602.6],\"lines\":[{\"bbox\":[227.2,583.5,271.2,602.6],\"text\":\"Total\"}],\"order\":13,\"text\":\"Total\"},{\"bbox\":[760.5,583.5,791.8,602.6],\"lines\":[{\"bbox\":[760.5,583.5,791.8,602.6],\"text\":\"208\"}],\"order\":14,\"text\":\"208\"},{\"bbox\":[887.3,583.5,923.8,602.6],\"lines\":[{\"bbox\":[887.3,583.5,923.8,602.6],\"text\":\"38.5\"}],\"order\":15,\"text\":\"38.5\"},{\"bbox\":[1025.9,583.5,1062.4,602.6],\"lines\":[{\"bbox\":[1025.9,583.5,1062.4,602.6],\"text\":\"38.5\"}],\"order\":16,\"text\":\"38.5\"},{\"bbox\":[227.2,616.9,271.2,636.0],\"lines\":[{\"bbox\":[227.2,616.9,271.2,636.0],\"text\":\"Total\"}],\"order\":17,\"text\":\"Total\"},{\"bbox\":[760.5,616.9,791.8,636.0],\"lines\":[{\"bbox\":[760.5,616.9,791.8,636.0],\"text\":\"327\"}],\"order\":18,\"text\":\"327\"},{\"bbox\":[866.5,616.9,923.8,636.0],\"lines\":[{\"bbox\":[866.5,616.9,923.8,636.0],\"text\":\"$190.3\"}],\"order\":19,\"text\":\"$190.3\"},{\"bbox\":[1005.1,616.9,1062.4,636.0],\"lines\":[{\"bbox\":[1005.1,616.9,1062.4,636.0],\"text\":\"$190.3\"}],\"order\":20,\"text\":\"$190.3\"},{\"bbox\":[227.2,441.8,271.2,460.9],\"lines\":[{\"bbox\":[227.2,441.8,271.2,460.9],\"text\":\"Total\"}],\"order\":21,\"text\":\"Total\"},{\"bbox\":[143.8,475.2,393.1,569.3],\"lines\":[{\"bbox\":[143.8,475.2,199.4,494.3],\"text\":\"Retail:\"},{\"bbox\":[185.5,500.2,393.1,519.3],\"text\":\"Residential mortgage (4)\"},{\"bbox\":[185.5,525.2,323.4,544.3],\"text\":\"Home equity (5)\"},{\"bbox\":[185.5,550.2,319.3,569.3],\"text\":\"Other consumer\"}],\"order\":22,\"text\":\"Retail:\\nResidential mortgage (4)\\nHome equity (5)\\nOther consumer\"},{\"bbox\":[143.8,675.2,1093.6,1144.5],\"lines\":[{\"bbox\":[143.8,675.2,973.7,694.3],\"text\":\"(1) Represents the following concessions: extension of term (12 contracts; recorded investment of\"},{\"bbox\":[185.5,700.2,1091.9,719.3],\"text\":\"$35.3 million); reduced payment and/or payment deferral (3 contracts; recorded investment of $3.2 million);\"},{\"bbox\":[185.5,725.2,901.6,744.3],\"text\":\"or a combination of concessions (21 contracts; recorded investment of $19.8 million).\"},{\"bbox\":[143.8,750.3,1093.6,769.3],\"text\":\"(2) Represents the following concessions: extension of term (6 contracts; recorded investment of $17.0 million);\"},{\"bbox\":[185.5,775.3,1073.4,794.4],\"text\":\"reduced payment and/or payment deferral (15 contracts; recorded investment of $39.3 million); temporary\"},{\"bbox\":[185.5,800.3,994.0,819.4],\"text\":\"rate reduction (1 contract; recorded investment of $0.3 million); or a combination of concessions\"},{\"bbox\":[185.5,825.3,627.3,844.4],\"text\":\"(25 contracts; recorded investment of $10.9 million).\"},{\"bbox\":[143.8,850.3,1083.2,869.4],\"text\":\"(3) Represents the following concessions: extension of term (4 contracts; recorded investment of $3.0 million);\"},{\"bbox\":[185.5,875.3,1062.9,894.4],\"text\":\"reduced payment and/or payment deferral (7 contracts; recorded investment of $10.3 million); temporary\"},{\"bbox\":[185.5,900.3,994.0,919.4],\"text\":\"rate reduction (1 contract; recorded investment of $1.1 million); or a combination of concessions\"},{\"bbox\":[185.5,925.3,627.3,944.4],\"text\":\"(24 contracts; recorded investment of $11.6 million).\"},{\"bbox\":[143.8,950.3,1026.2,969.4],\"text\":\"(4) Represents the following concessions: loans restructured through bankruptcy (40 contracts; recorded\"},{\"bbox\":[185.5,975.3,1079.2,994.4],\"text\":\"investment of $10.2 million); reduced payment and/or payment deferral (11 contracts; recorded investment\"},{\"bbox\":[185.5,1000.3,998.9,1019.4],\"text\":\"of $3.2 million); temporary rate reduction (6 contracts; recorded investment of $6.6 million); or a\"},{\"bbox\":[185.5,1025.3,854.1,1044.4],\"text\":\"combination of concessions (36 contracts; recorded investment of $9.5 million).\"},{\"bbox\":[143.8,1050.3,1026.2,1069.4],\"text\":\"(5) Represents the following concessions: loans restructured through bankruptcy (87 contracts; recorded\"},{\"bbox\":[185.5,1075.4,1081.1,1094.4],\"text\":\"investment of $6.6 million); reduced payment and/or payment deferral (4 contracts; recorded investment of\"},{\"bbox\":[185.5,1100.4,1077.6,1119.5],\"text\":\"$0.6 million); temporary rate reduction (1 contract; recorded investment of $0.5 million); or a combination\"},{\"bbox\":[185.5,1125.4,744.4,1144.5],\"text\":\"of concessions (23 contracts; recorded investment of $1.3 million).\"}],\"order\":23,\"text\":\"(1) Represents the following concessions: extension of term (12 contracts; recorded investment of\\n$35.3 million); reduced payment and/or payment deferral (3 contracts; recorded investment of $3.2 million);\\nor a combination of concessions (21 contracts; recorded investment of $19.8 million).\\n(2) Represents the following concessions: extension of term (6 contracts; recorded investment of $17.0 million);\\nreduced payment and/or payment deferral (15 contracts; recorded investment of $39.3 million); temporary\\nrate reduction (1 contract; recorded investment of $0.3 million); or a combination of concessions\\n(25 contracts; recorded investment of $10.9 million).\\n(3) Represents the following concessions: extension of term (4 contracts; recorded investment of $3.0 million);\\nreduced payment and/or payment deferral (7 contracts; recorded investment of $10.3 million); temporary\\nrate reduction (1 contract; recorded investment of $1.1 million); or a combination of concessions\\n(24 contracts; recorded investment of $11.6 million).\\n(4) Represents the following concessions: loans restructured through bankruptcy (40 contracts; recorded\\ninvestment of $10.2 million); reduced payment and/or payment deferral (11 contracts; recorded investment\\nof $3.2 million); temporary rate reduction (6 contracts; recorded investment of $6.6 million); or a\\ncombination of concessions (36 contracts; recorded investment of $9.5 million).\\n(5) Represents the following concessions: loans restructured through bankruptcy (87 contracts; recorded\\ninvestment of $6.6 million); reduced payment and/or payment deferral (4 contracts; recorded investment of\\n$0.6 million); temporary rate reduction (1 contract; recorded investment of $0.5 million); or a combination\\nof concessions (23 contracts; recorded investment of $1.3 million).\"},{\"bbox\":[599.3,1467.1,638.7,1486.2],\"lines\":[{\"bbox\":[599.3,1467.1,638.7,1486.2],\"text\":\"F-35\"}],\"order\":24,\"text\":\"F-35\"}],\"doc\":\"fintabnet:PBCT_2013\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"People’s United Financial, Inc. and Subsidiaries\\nNotes to Consolidated Financial Statements\\n\\nYear ended December 31, 2012\\nPre-Modification Post-Modification\\nOutstanding\\nOutstanding\\nNumber\\nRecorded\\nRecorded\\nof Contracts\\nInvestment\\nInvestment\\n\\n(dollars in millions)\\n\\nCommercial Banking:\\nCommercial real estate (1)\\nCommercial and industrial (2)\\nEquipment financing (3)\\n\\n36\\n47\\n36\\n\\n$ 58.3\\n67.5\\n26.0\\n\\n$ 58.3\\n67.5\\n26.0\\n\\n119\\n\\n151.8\\n\\n151.8\\n\\n93\\n115\\n—\\n\\n29.5\\n9.0\\n—\\n\\n29.5\\n9.0\\n—\\n\\nTotal\\n\\n208\\n\\n38.5\\n\\n38.5\\n\\nTotal\\n\\n327\\n\\n$190.3\\n\\n$190.3\\n\\nTotal\\n\\nRetail:\\nResidential mortgage (4)\\nHome equity (5)\\nOther consumer\\n\\n(1) Represents the following concessions: extension of term (12 contracts; recorded investment of\\n$35.3 million); reduced payment and/or payment deferral (3 contracts; recorded investment of $3.2 million);\\nor a combination of concessions (21 contracts; recorded investment of $19.8 million).\\n(2) Represents the following concessions: extension of term (6 contracts; recorded investment of $17.0 million);\\nreduced payment and/or payment deferral (15 contracts; recorded investment of $39.3 million); temporary\\nrate reduction (1 contract; recorded investment of $0.3 million); or a combination of concessions\\n(25 contracts; recorded investment of $10.9 million).\\n(3) Represents the following concessions: extension of term (4 contracts; recorded investment of $3.0 million);\\nreduced payment and/or payment deferral (7 contracts; recorded investment of $10.3 million); temporary\\nrate reduction (1 contract; recorded investment of $1.1 million); or a combination of concessions\\n(24 contracts; recorded investment of $11.6 million).\\n(4) Represents the following concessions: loans restructured through bankruptcy (40 contracts; recorded\\ninvestment of $10.2 million); reduced payment and/or payment deferral (11 contracts; recorded investment\\nof $3.2 million); temporary rate reduction (6 contracts; recorded investment of $6.6 million); or a\\ncombination of concessions (36 contracts; recorded investment of $9.5 million).\\n(5) Represents the following concessions: loans restructured through bankruptcy (87 contracts; recorded\\ninvestment of $6.6 million); reduced payment and/or payment deferral (4 contracts; recorded investment of\\n$0.6 million); temporary rate reduction (1 contract; recorded investment of $0.5 million); or a combination\\nof concessions (23 contracts; recorded investment of $1.3 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extension of term (4 contracts; recorded investment of $3.0 million);\\nreduced payment and/or payment deferral (7 contracts; recorded investment of $10.3 million); temporary\\nrate reduction (1 contract; recorded investment of $1.1 million); or a combination of concessions\\n(24 contracts; recorded investment of $11.6 million).\\n(4) Represents the following concessions: loans restructured through bankruptcy (40 contracts; recorded\\ninvestment of $10.2 million); reduced payment and/or payment deferral (11 contracts; recorded investment\\nof $3.2 million); temporary rate reduction (6 contracts; recorded investment of $6.6 million); or a\\ncombination of concessions (36 contracts; recorded investment of $9.5 million).\\n(5) Represents the following concessions: loans restructured through bankruptcy (87 contracts; recorded\\ninvestment of $6.6 million); reduced payment and/or payment deferral (4 contracts; recorded investment of\\n$0.6 million); temporary rate reduction (1 contract; recorded investment of $0.5 million); or a combination\\nof concessions (23 contracts; recorded investment of $1.3 million).\\n\\nF-35\"},\"name\":\"fintabnet.PBCT_2013_page_137__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":97022,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PBCT_2013\",\"dpi\":150,\"gt_sha256\":\"4610f5200f4f358ad1575d0835fe9a9b1347a68321768c474eb50e825682ba94\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PBCT_2013_page_137__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.PBCT_2013_page_137\",\"pdf_sha256\":\"5eeab3273ae354af69c4e1c31a6f59404978ff05d3cfda218738bb22494c49ea\",\"px\":[1238,1613],\"scan\":{\"render\":\"000007e0003c38343014381430743ffc3ffc3ffc3ffc1fc00000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"PBCT_2013_page_137\",\"src\":{\"file_sha256\":\"5d601a44e3e2aba74b3e07e764886793386aee9eec80dedd80faafd02b786c99\",\"render\":\"000007e0003c3834301438143ff43ffc3ffc3ffc3ffc1b800000000000000000\",\"text\":\"bb2983e4e8113887c479c31318826f035fe4dacf3f274b9fa961eeb202182f81\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"5eeab3273ae354af69c4e1c31a6f59404978ff05d3cfda218738bb22494c49ea\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/5eeab3273ae354af69c4e1c31a6f59404978ff05d3cfda218738bb22494c49ea.pdf","asset_sha256":"5eeab3273ae354af69c4e1c31a6f59404978ff05d3cfda218738bb22494c49ea","document_id":"fintabnet:PBCT_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PBCT_2013_page_137\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PBCT_2013_page_149\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PBCT_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[406.0,141.7,831.8,185.6],\"lines\":[{\"bbox\":[406.0,141.7,831.8,160.6],\"text\":\"People’s United Financial, Inc. and Subsidiaries\"},{\"bbox\":[425.4,166.7,812.3,185.6],\"text\":\"Notes to Consolidated Financial Statements\"}],\"order\":0,\"text\":\"People’s United Financial, Inc. and Subsidiaries\\nNotes to Consolidated Financial Statements\"},{\"bbox\":[185.5,216.8,604.8,235.8],\"lines\":[{\"bbox\":[185.5,216.8,604.8,235.8],\"text\":\"The components of other liabilities are as follows:\"}],\"order\":1,\"text\":\"The components of other liabilities are as follows:\"},{\"bbox\":[143.8,261.3,360.8,276.6],\"lines\":[{\"bbox\":[143.8,261.3,360.8,276.6],\"text\":\"As of December 31 (in millions)\"}],\"order\":2,\"text\":\"As of December 31 (in millions)\"},{\"bbox\":[143.8,291.8,712.6,560.9],\"lines\":[{\"bbox\":[143.8,291.8,671.1,310.9],\"text\":\"Fair value of derivative financial instruments (notes 18 and 20)\"},{\"bbox\":[143.8,316.8,365.0,335.9],\"text\":\"Accrued expenses payable\"},{\"bbox\":[143.8,341.8,596.4,360.9],\"text\":\"Liabilities for supplemental retirement plans (note 16)\"},{\"bbox\":[143.8,366.8,372.0,385.9],\"text\":\"Accrued employee benefits\"},{\"bbox\":[143.8,391.8,712.6,410.9],\"text\":\"Payables arising from securities brokerage and insurance businesses\"},{\"bbox\":[143.8,416.8,484.8,435.9],\"text\":\"Liability for unsettled security purchases\"},{\"bbox\":[143.8,441.8,469.8,460.9],\"text\":\"Other postretirement benefits (note 16)\"},{\"bbox\":[143.8,466.8,351.3,485.9],\"text\":\"Accrued interest payable\"},{\"bbox\":[143.8,491.8,684.8,510.9],\"text\":\"Funded status of qualified defined benefit pension plan (note 16)\"},{\"bbox\":[143.8,516.8,431.0,535.9],\"text\":\"Net deferred tax liability (note 11)\"},{\"bbox\":[143.8,541.9,191.3,560.9],\"text\":\"Other\"}],\"order\":3,\"text\":\"Fair value of derivative financial instruments (notes 18 and 20)\\nAccrued expenses payable\\nLiabilities for supplemental retirement plans (note 16)\\nAccrued employee benefits\\nPayables arising from securities brokerage and insurance businesses\\nLiability for unsettled security purchases\\nOther postretirement benefits (note 16)\\nAccrued interest payable\\nFunded status of qualified defined benefit pension plan (note 16)\\nNet deferred tax liability (note 11)\\nOther\"},{\"bbox\":[185.5,575.2,360.5,594.3],\"lines\":[{\"bbox\":[185.5,575.2,360.5,594.3],\"text\":\"Total other liabilities\"}],\"order\":4,\"text\":\"Total other liabilities\"},{\"bbox\":[835.2,261.3,868.6,276.6],\"lines\":[{\"bbox\":[835.2,261.3,868.6,276.6],\"text\":\"2013\"}],\"order\":5,\"text\":\"2013\"},{\"bbox\":[923.8,261.3,957.2,276.6],\"lines\":[{\"bbox\":[923.8,261.3,957.2,276.6],\"text\":\"2012\"}],\"order\":6,\"text\":\"2012\"},{\"bbox\":[823.2,291.8,880.6,560.9],\"lines\":[{\"bbox\":[823.2,291.8,880.6,310.9],\"text\":\"$ 77.0\"},{\"bbox\":[844.1,316.8,880.6,335.9],\"text\":\"69.1\"},{\"bbox\":[844.1,341.8,880.6,360.9],\"text\":\"59.0\"},{\"bbox\":[844.1,366.8,880.6,385.9],\"text\":\"48.1\"},{\"bbox\":[844.1,391.8,880.6,410.9],\"text\":\"40.9\"},{\"bbox\":[844.1,416.8,880.6,435.9],\"text\":\"23.3\"},{\"bbox\":[844.1,441.8,880.6,460.9],\"text\":\"10.3\"},{\"bbox\":[854.5,466.8,880.6,485.9],\"text\":\"5.3\"},{\"bbox\":[849.3,491.8,870.1,510.9],\"text\":\"—\"},{\"bbox\":[849.3,516.8,870.1,535.9],\"text\":\"—\"},{\"bbox\":[844.1,541.9,880.6,560.9],\"text\":\"58.9\"}],\"order\":7,\"text\":\"$ 77.0\\n69.1\\n59.0\\n48.1\\n40.9\\n23.3\\n10.3\\n5.3\\n—\\n—\\n58.9\"},{\"bbox\":[911.8,291.8,969.1,560.9],\"lines\":[{\"bbox\":[911.8,291.8,969.1,310.9],\"text\":\"$ 73.8\"},{\"bbox\":[932.7,316.8,969.1,335.9],\"text\":\"69.9\"},{\"bbox\":[932.7,341.8,969.1,360.9],\"text\":\"59.2\"},{\"bbox\":[932.7,366.8,969.1,385.9],\"text\":\"49.0\"},{\"bbox\":[932.7,391.8,969.1,410.9],\"text\":\"47.6\"},{\"bbox\":[932.7,416.8,969.1,435.9],\"text\":\"27.7\"},{\"bbox\":[932.7,441.8,969.1,460.9],\"text\":\"12.0\"},{\"bbox\":[943.1,466.8,969.1,485.9],\"text\":\"5.6\"},{\"bbox\":[932.7,491.8,969.1,510.9],\"text\":\"52.3\"},{\"bbox\":[932.7,516.8,969.1,535.9],\"text\":\"18.7\"},{\"bbox\":[932.7,541.9,969.1,560.9],\"text\":\"73.8\"}],\"order\":8,\"text\":\"$ 73.8\\n69.9\\n59.2\\n49.0\\n47.6\\n27.7\\n12.0\\n5.6\\n52.3\\n18.7\\n73.8\"},{\"bbox\":[823.2,575.2,880.6,594.3],\"lines\":[{\"bbox\":[823.2,575.2,880.6,594.3],\"text\":\"$391.9\"}],\"order\":9,\"text\":\"$391.9\"},{\"bbox\":[911.8,575.2,969.1,594.3],\"lines\":[{\"bbox\":[911.8,575.2,969.1,594.3],\"text\":\"$489.6\"}],\"order\":10,\"text\":\"$489.6\"},{\"bbox\":[143.8,646.1,314.5,664.9],\"lines\":[{\"bbox\":[143.8,646.1,314.5,664.9],\"text\":\"NOTE 8 – Deposits\"}],\"order\":11,\"text\":\"NOTE 8 – Deposits\"},{\"bbox\":[185.5,689.8,938.7,708.9],\"lines\":[{\"bbox\":[185.5,689.8,938.7,708.9],\"text\":\"The following is an analysis of People’s United Financial’s total deposits by product type:\"}],\"order\":12,\"text\":\"The following is an analysis of People’s United Financial’s total deposits by product type:\"},{\"bbox\":[695.8,734.4,729.1,749.7],\"lines\":[{\"bbox\":[695.8,734.4,729.1,749.7],\"text\":\"2013\"}],\"order\":13,\"text\":\"2013\"},{\"bbox\":[143.8,776.1,410.2,791.4],\"lines\":[{\"bbox\":[143.8,776.1,410.2,791.4],\"text\":\"As of December 31 (dollars in millions)\"}],\"order\":14,\"text\":\"As of December 31 (dollars in millions)\"},{\"bbox\":[624.0,776.1,678.7,791.4],\"lines\":[{\"bbox\":[624.0,776.1,678.7,791.4],\"text\":\"Amount\"}],\"order\":15,\"text\":\"Amount\"},{\"bbox\":[932.9,734.4,966.2,749.7],\"lines\":[{\"bbox\":[932.9,734.4,966.2,749.7],\"text\":\"2012\"}],\"order\":16,\"text\":\"2012\"},{\"bbox\":[724.2,759.4,815.5,791.4],\"lines\":[{\"bbox\":[737.5,759.4,802.3,774.7],\"text\":\"Weighted\"},{\"bbox\":[724.2,776.1,815.5,791.4],\"text\":\"Average Rate\"}],\"order\":17,\"text\":\"Weighted\\nAverage Rate\"},{\"bbox\":[861.1,776.1,915.7,791.4],\"lines\":[{\"bbox\":[861.1,776.1,915.7,791.4],\"text\":\"Amount\"}],\"order\":18,\"text\":\"Amount\"},{\"bbox\":[961.3,759.4,1052.5,791.4],\"lines\":[{\"bbox\":[974.6,759.4,1039.4,774.7],\"text\":\"Weighted\"},{\"bbox\":[961.3,776.1,1052.5,791.4],\"text\":\"Average Rate\"}],\"order\":19,\"text\":\"Weighted\\nAverage Rate\"},{\"bbox\":[143.8,806.5,317.4,825.6],\"lines\":[{\"bbox\":[143.8,806.5,317.4,825.6],\"text\":\"Non-interest-bearing\"}],\"order\":20,\"text\":\"Non-interest-bearing\"},{\"bbox\":[609.6,806.5,693.0,825.6],\"lines\":[{\"bbox\":[609.6,806.5,693.0,825.6],\"text\":\"$ 5,312.2\"}],\"order\":21,\"text\":\"$ 5,312.2\"},{\"bbox\":[759.5,806.5,808.1,825.6],\"lines\":[{\"bbox\":[759.5,806.5,808.1,825.6],\"text\":\"— %\"}],\"order\":22,\"text\":\"— %\"},{\"bbox\":[846.7,806.5,930.1,825.6],\"lines\":[{\"bbox\":[846.7,806.5,930.1,825.6],\"text\":\"$ 5,084.3\"}],\"order\":23,\"text\":\"$ 5,084.3\"},{\"bbox\":[996.5,806.5,1045.2,825.6],\"lines\":[{\"bbox\":[996.5,806.5,1045.2,825.6],\"text\":\"— %\"}],\"order\":24,\"text\":\"— %\"},{\"bbox\":[143.8,839.9,467.4,884.0],\"lines\":[{\"bbox\":[143.8,839.9,467.4,859.0],\"text\":\"Savings, interest-bearing checking and\"},{\"bbox\":[164.6,864.9,284.5,884.0],\"text\":\"money market\"}],\"order\":25,\"text\":\"Savings, interest-bearing checking and\\nmoney market\"},{\"bbox\":[620.0,864.9,693.0,884.0],\"lines\":[{\"bbox\":[620.0,864.9,693.0,884.0],\"text\":\"12,862.2\"}],\"order\":26,\"text\":\"12,862.2\"},{\"bbox\":[754.3,864.9,790.7,884.0],\"lines\":[{\"bbox\":[754.3,864.9,790.7,884.0],\"text\":\"0.22\"}],\"order\":27,\"text\":\"0.22\"},{\"bbox\":[857.1,864.9,930.1,884.0],\"lines\":[{\"bbox\":[857.1,864.9,930.1,884.0],\"text\":\"11,959.8\"}],\"order\":28,\"text\":\"11,959.8\"},{\"bbox\":[991.3,864.9,1027.8,884.0],\"lines\":[{\"bbox\":[991.3,864.9,1027.8,884.0],\"text\":\"0.23\"}],\"order\":29,\"text\":\"0.23\"},{\"bbox\":[143.8,898.2,459.1,1117.4],\"lines\":[{\"bbox\":[143.8,898.2,347.8,917.3],\"text\":\"Time deposits maturing:\"},{\"bbox\":[185.5,923.2,325.8,942.3],\"text\":\"Within 3 months\"},{\"bbox\":[185.5,948.2,417.9,967.3],\"text\":\"After 3 but within 6 months\"},{\"bbox\":[185.5,973.2,459.1,992.3],\"text\":\"After 6 months but within 1 year\"},{\"bbox\":[185.5,998.2,400.5,1017.3],\"text\":\"After 1 but within 2 years\"},{\"bbox\":[185.5,1023.3,400.5,1042.3],\"text\":\"After 2 but within 3 years\"},{\"bbox\":[185.5,1048.3,400.5,1067.4],\"text\":\"After 3 but within 4 years\"},{\"bbox\":[185.5,1073.3,400.5,1092.4],\"text\":\"After 4 but within 5 years\"},{\"bbox\":[185.5,1098.3,294.4,1117.4],\"text\":\"After 5 years\"}],\"order\":30,\"text\":\"Time deposits maturing:\\nWithin 3 months\\nAfter 3 but within 6 months\\nAfter 6 months but within 1 year\\nAfter 1 but within 2 years\\nAfter 2 but within 3 years\\nAfter 3 but within 4 years\\nAfter 4 but within 5 years\\nAfter 5 years\"},{\"bbox\":[630.5,923.2,693.0,1117.4],\"lines\":[{\"bbox\":[646.1,923.2,693.0,942.3],\"text\":\"874.5\"},{\"bbox\":[646.1,948.2,693.0,967.3],\"text\":\"781.4\"},{\"bbox\":[630.5,973.2,693.0,992.3],\"text\":\"1,151.5\"},{\"bbox\":[646.1,998.2,693.0,1017.3],\"text\":\"799.7\"},{\"bbox\":[646.1,1023.3,693.0,1042.3],\"text\":\"520.6\"},{\"bbox\":[646.1,1048.3,693.0,1067.4],\"text\":\"173.3\"},{\"bbox\":[656.5,1073.3,693.0,1092.4],\"text\":\"77.7\"},{\"bbox\":[666.9,1098.3,693.0,1117.4],\"text\":\"4.2\"}],\"order\":31,\"text\":\"874.5\\n781.4\\n1,151.5\\n799.7\\n520.6\\n173.3\\n77.7\\n4.2\"},{\"bbox\":[754.3,923.2,790.7,1117.4],\"lines\":[{\"bbox\":[754.3,923.2,790.7,942.3],\"text\":\"0.55\"},{\"bbox\":[754.3,948.2,790.7,967.3],\"text\":\"0.68\"},{\"bbox\":[754.3,973.2,790.7,992.3],\"text\":\"0.71\"},{\"bbox\":[754.3,998.2,790.7,1017.3],\"text\":\"1.31\"},{\"bbox\":[754.3,1023.3,790.7,1042.3],\"text\":\"2.18\"},{\"bbox\":[754.3,1048.3,790.7,1067.4],\"text\":\"1.67\"},{\"bbox\":[754.3,1073.3,790.7,1092.4],\"text\":\"1.13\"},{\"bbox\":[754.3,1098.3,790.7,1117.4],\"text\":\"2.45\"}],\"order\":32,\"text\":\"0.55\\n0.68\\n0.71\\n1.31\\n2.18\\n1.67\\n1.13\\n2.45\"},{\"bbox\":[867.5,923.2,930.1,1117.4],\"lines\":[{\"bbox\":[883.2,923.2,930.1,942.3],\"text\":\"973.0\"},{\"bbox\":[883.2,948.2,930.1,967.3],\"text\":\"749.2\"},{\"bbox\":[867.5,973.2,930.1,992.3],\"text\":\"1,285.2\"},{\"bbox\":[883.2,998.2,930.1,1017.3],\"text\":\"703.5\"},{\"bbox\":[883.2,1023.3,930.1,1042.3],\"text\":\"379.2\"},{\"bbox\":[883.2,1048.3,930.1,1067.4],\"text\":\"441.5\"},{\"bbox\":[883.2,1073.3,930.1,1092.4],\"text\":\"170.5\"},{\"bbox\":[904.0,1098.3,930.1,1117.4],\"text\":\"4.3\"}],\"order\":33,\"text\":\"973.0\\n749.2\\n1,285.2\\n703.5\\n379.2\\n441.5\\n170.5\\n4.3\"},{\"bbox\":[991.3,923.2,1027.8,1117.4],\"lines\":[{\"bbox\":[991.3,923.2,1027.8,942.3],\"text\":\"0.69\"},{\"bbox\":[991.3,948.2,1027.8,967.3],\"text\":\"0.79\"},{\"bbox\":[991.3,973.2,1027.8,992.3],\"text\":\"0.87\"},{\"bbox\":[991.3,998.2,1027.8,1017.3],\"text\":\"1.29\"},{\"bbox\":[991.3,1023.3,1027.8,1042.3],\"text\":\"2.08\"},{\"bbox\":[991.3,1048.3,1027.8,1067.4],\"text\":\"2.43\"},{\"bbox\":[991.3,1073.3,1027.8,1092.4],\"text\":\"1.70\"},{\"bbox\":[991.3,1098.3,1027.8,1117.4],\"text\":\"2.54\"}],\"order\":34,\"text\":\"0.69\\n0.79\\n0.87\\n1.29\\n2.08\\n2.43\\n1.70\\n2.54\"},{\"bbox\":[630.5,1131.6,693.0,1150.7],\"lines\":[{\"bbox\":[630.5,1131.6,693.0,1150.7],\"text\":\"4,382.9\"}],\"order\":35,\"text\":\"4,382.9\"},{\"bbox\":[754.3,1131.6,790.7,1150.7],\"lines\":[{\"bbox\":[754.3,1131.6,790.7,1150.7],\"text\":\"1.00\"}],\"order\":36,\"text\":\"1.00\"},{\"bbox\":[867.5,1131.6,930.1,1150.7],\"lines\":[{\"bbox\":[867.5,1131.6,930.1,1150.7],\"text\":\"4,706.4\"}],\"order\":37,\"text\":\"4,706.4\"},{\"bbox\":[991.3,1131.6,1027.8,1150.7],\"lines\":[{\"bbox\":[991.3,1131.6,1027.8,1150.7],\"text\":\"1.16\"}],\"order\":38,\"text\":\"1.16\"},{\"bbox\":[609.6,1165.0,693.0,1184.1],\"lines\":[{\"bbox\":[609.6,1165.0,693.0,1184.1],\"text\":\"$22,557.3\"}],\"order\":39,\"text\":\"$22,557.3\"},{\"bbox\":[754.3,1165.0,808.1,1184.1],\"lines\":[{\"bbox\":[754.3,1165.0,808.1,1184.1],\"text\":\"0.32%\"}],\"order\":40,\"text\":\"0.32%\"},{\"bbox\":[846.7,1165.0,930.1,1184.1],\"lines\":[{\"bbox\":[846.7,1165.0,930.1,1184.1],\"text\":\"$21,750.5\"}],\"order\":41,\"text\":\"$21,750.5\"},{\"bbox\":[991.3,1165.0,1045.2,1184.1],\"lines\":[{\"bbox\":[991.3,1165.0,1045.2,1184.1],\"text\":\"0.38%\"}],\"order\":42,\"text\":\"0.38%\"},{\"bbox\":[227.2,1131.6,271.2,1150.7],\"lines\":[{\"bbox\":[227.2,1131.6,271.2,1150.7],\"text\":\"Total\"}],\"order\":43,\"text\":\"Total\"},{\"bbox\":[227.2,1165.0,344.8,1184.1],\"lines\":[{\"bbox\":[227.2,1165.0,344.8,1184.1],\"text\":\"Total deposits\"}],\"order\":44,\"text\":\"Total deposits\"},{\"bbox\":[143.8,1223.3,1065.5,1292.4],\"lines\":[{\"bbox\":[185.5,1223.3,1065.5,1242.4],\"text\":\"Time deposits issued in amounts of $100,000 or more totaled $1.9 billion at both December 31, 2013 and\"},{\"bbox\":[143.8,1248.3,965.6,1267.4],\"text\":\"2012. Overdrafts of non-interest-bearing deposit accounts totaling $4.0 million and $9.9 million at\"},{\"bbox\":[143.8,1273.3,757.0,1292.4],\"text\":\"December 31, 2013 and 2012, respectively, have been classified as loans.\"}],\"order\":45,\"text\":\"Time deposits issued in amounts of $100,000 or more totaled $1.9 billion at both December 31, 2013 and\\n2012. Overdrafts of non-interest-bearing deposit accounts totaling $4.0 million and $9.9 million at\\nDecember 31, 2013 and 2012, respectively, have been classified as loans.\"},{\"bbox\":[599.3,1467.1,638.7,1486.2],\"lines\":[{\"bbox\":[599.3,1467.1,638.7,1486.2],\"text\":\"F-47\"}],\"order\":46,\"text\":\"F-47\"}],\"doc\":\"fintabnet:PBCT_2013\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"People’s United Financial, Inc. and Subsidiaries\\nNotes to Consolidated Financial Statements\\n\\nThe components of other liabilities are as follows:\\n\\nAs of December 31 (in millions)\\n\\nFair value of derivative financial instruments (notes 18 and 20)\\nAccrued expenses payable\\nLiabilities for supplemental retirement plans (note 16)\\nAccrued employee benefits\\nPayables arising from securities brokerage and insurance businesses\\nLiability for unsettled security purchases\\nOther postretirement benefits (note 16)\\nAccrued interest payable\\nFunded status of qualified defined benefit pension plan (note 16)\\nNet deferred tax liability (note 11)\\nOther\\n\\nTotal other liabilities\\n\\n2013\\n\\n2012\\n\\n$ 77.0\\n69.1\\n59.0\\n48.1\\n40.9\\n23.3\\n10.3\\n5.3\\n—\\n—\\n58.9\\n\\n$ 73.8\\n69.9\\n59.2\\n49.0\\n47.6\\n27.7\\n12.0\\n5.6\\n52.3\\n18.7\\n73.8\\n\\n$391.9\\n\\n$489.6\\n\\nNOTE 8 – Deposits\\n\\nThe following is an analysis of People’s United Financial’s total deposits by product type:\\n\\n2013\\n\\nAs of December 31 (dollars in millions)\\n\\nAmount\\n\\n2012\\n\\nWeighted\\nAverage Rate\\n\\nAmount\\n\\nWeighted\\nAverage Rate\\n\\nNon-interest-bearing\\n\\n$ 5,312.2\\n\\n— %\\n\\n$ 5,084.3\\n\\n— %\\n\\nSavings, interest-bearing checking and\\nmoney market\\n\\n12,862.2\\n\\n0.22\\n\\n11,959.8\\n\\n0.23\\n\\nTime deposits maturing:\\nWithin 3 months\\nAfter 3 but within 6 months\\nAfter 6 months but within 1 year\\nAfter 1 but within 2 years\\nAfter 2 but within 3 years\\nAfter 3 but within 4 years\\nAfter 4 but within 5 years\\nAfter 5 years\\n\\n874.5\\n781.4\\n1,151.5\\n799.7\\n520.6\\n173.3\\n77.7\\n4.2\\n\\n0.55\\n0.68\\n0.71\\n1.31\\n2.18\\n1.67\\n1.13\\n2.45\\n\\n973.0\\n749.2\\n1,285.2\\n703.5\\n379.2\\n441.5\\n170.5\\n4.3\\n\\n0.69\\n0.79\\n0.87\\n1.29\\n2.08\\n2.43\\n1.70\\n2.54\\n\\n4,382.9\\n\\n1.00\\n\\n4,706.4\\n\\n1.16\\n\\n$22,557.3\\n\\n0.32%\\n\\n$21,750.5\\n\\n0.38%\\n\\nTotal\\n\\nTotal deposits\\n\\nTime deposits issued in amounts of $100,000 or more totaled $1.9 billion at both December 31, 2013 and\\n2012. Overdrafts of non-interest-bearing deposit accounts totaling $4.0 million and $9.9 million at\\nDecember 31, 2013 and 2012, respectively, have been classified as loans.\\n\\nF-47\",\"name\":\"fintabnet.PBCT_2013_page_149__150dpi_none\",\"page_id\":\"fintabnet.PBCT_2013_page_149\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PBCT_2013_page_149\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[143.8,258.0,969.1,594.3],\"block_orders\":[2,3,4,5,6,7,8,9,10],\"cells\":null}],\"text\":\"People’s United Financial, Inc. and Subsidiaries\\nNotes to Consolidated Financial Statements\\n\\nThe components of other liabilities are as follows:\\n\\nAs of December 31 (in millions)\\n\\nFair value of derivative financial instruments (notes 18 and 20)\\nAccrued expenses payable\\nLiabilities for supplemental retirement plans (note 16)\\nAccrued employee benefits\\nPayables arising from securities brokerage and insurance businesses\\nLiability for unsettled security purchases\\nOther postretirement benefits (note 16)\\nAccrued interest payable\\nFunded status of qualified defined benefit pension plan (note 16)\\nNet deferred tax liability (note 11)\\nOther\\n\\nTotal other liabilities\\n\\n2013\\n\\n2012\\n\\n$ 77.0\\n69.1\\n59.0\\n48.1\\n40.9\\n23.3\\n10.3\\n5.3\\n—\\n—\\n58.9\\n\\n$ 73.8\\n69.9\\n59.2\\n49.0\\n47.6\\n27.7\\n12.0\\n5.6\\n52.3\\n18.7\\n73.8\\n\\n$391.9\\n\\n$489.6\\n\\nNOTE 8 – Deposits\\n\\nThe following is an analysis of People’s United Financial’s total deposits by product type:\\n\\n2013\\n\\nAs of December 31 (dollars in millions)\\n\\nAmount\\n\\n2012\\n\\nWeighted\\nAverage Rate\\n\\nAmount\\n\\nWeighted\\nAverage Rate\\n\\nNon-interest-bearing\\n\\n$ 5,312.2\\n\\n— %\\n\\n$ 5,084.3\\n\\n— %\\n\\nSavings, interest-bearing checking and\\nmoney market\\n\\n12,862.2\\n\\n0.22\\n\\n11,959.8\\n\\n0.23\\n\\nTime deposits maturing:\\nWithin 3 months\\nAfter 3 but within 6 months\\nAfter 6 months but within 1 year\\nAfter 1 but within 2 years\\nAfter 2 but within 3 years\\nAfter 3 but within 4 years\\nAfter 4 but within 5 years\\nAfter 5 years\\n\\n874.5\\n781.4\\n1,151.5\\n799.7\\n520.6\\n173.3\\n77.7\\n4.2\\n\\n0.55\\n0.68\\n0.71\\n1.31\\n2.18\\n1.67\\n1.13\\n2.45\\n\\n973.0\\n749.2\\n1,285.2\\n703.5\\n379.2\\n441.5\\n170.5\\n4.3\\n\\n0.69\\n0.79\\n0.87\\n1.29\\n2.08\\n2.43\\n1.70\\n2.54\\n\\n4,382.9\\n\\n1.00\\n\\n4,706.4\\n\\n1.16\\n\\n$22,557.3\\n\\n0.32%\\n\\n$21,750.5\\n\\n0.38%\\n\\nTotal\\n\\nTotal deposits\\n\\nTime deposits issued in amounts of $100,000 or more totaled $1.9 billion at both December 31, 2013 and\\n2012. Overdrafts of non-interest-bearing deposit accounts totaling $4.0 million and $9.9 million at\\nDecember 31, 2013 and 2012, respectively, have been classified as loans.\\n\\nF-47\"},\"name\":\"fintabnet.PBCT_2013_page_149__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":92688,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PBCT_2013\",\"dpi\":150,\"gt_sha256\":\"1f328bd4a74ca58d1bd7b72e8d77f760bd913f1b8bb5c947fc3fdcad3a859fbf\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PBCT_2013_page_149__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.PBCT_2013_page_149\",\"pdf_sha256\":\"d90d9125fb12130054b58ded5d21820596804b1422df9ddc09c809d05dae5440\",\"px\":[1238,1613],\"scan\":{\"render\":\"000007e03f183f183f9838183ff038fc38903c9438b410b43ff8000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"PBCT_2013_page_149\",\"src\":{\"file_sha256\":\"eab9efc8082949de0513a799ac0802e8010e1e113d38f009c20ae2daddf27d21\",\"render\":\"000007e03f183f983e0838183ff038fc3c903c94389410b43ff8000000000000\",\"text\":\"2f58cb77508738665597325f88a13163b26b31e0dff3a6116ad7ec7dd48dae49\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"d90d9125fb12130054b58ded5d21820596804b1422df9ddc09c809d05dae5440\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/d90d9125fb12130054b58ded5d21820596804b1422df9ddc09c809d05dae5440.pdf","asset_sha256":"d90d9125fb12130054b58ded5d21820596804b1422df9ddc09c809d05dae5440","document_id":"fintabnet:PBCT_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PBCT_2013_page_149\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PBCT_2013_page_172\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PBCT_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[186.8,65.5,391.6,91.7],\"lines\":[{\"bbox\":[186.8,65.5,391.3,79.7],\"text\":\"People’s United Financial, Inc. and Subsidiaries\"},{\"bbox\":[196.4,77.8,382.2,91.5],\"text\":\"Notes to Consolidated Financial Statements\"}],\"order\":0,\"text\":\"People’s United Financial, Inc. and Subsidiaries\\nNotes to Consolidated Financial Statements\"},{\"bbox\":[62.0,107.2,165.6,118.9],\"lines\":[{\"bbox\":[62.0,107.2,165.6,118.9],\"text\":\"Restricted Stock Awarded\"}],\"order\":1,\"text\":\"Restricted Stock Awarded\"},{\"bbox\":[82.4,116.6,489.3,136.0],\"lines\":[{\"bbox\":[82.4,116.6,489.3,136.0],\"text\":\"The following is a summary of restricted stock award activity under the Incentive Plans and the RRP:\"}],\"order\":2,\"text\":\"The following is a summary of restricted stock award activity under the Incentive Plans and the RRP:\"},{\"bbox\":[417.8,155.2,439.3,163.1],\"lines\":[{\"bbox\":[417.8,155.2,439.3,163.1],\"text\":\"Shares\"}],\"order\":3,\"text\":\"Shares\"},{\"bbox\":[458.0,137.2,519.4,162.1],\"lines\":[{\"bbox\":[458.0,137.2,519.0,146.1],\"text\":\"Weighted-Average\"},{\"bbox\":[471.0,145.5,506.4,153.7],\"text\":\"Grant Date\"},{\"bbox\":[471.8,153.5,505.9,161.7],\"text\":\"Fair Value\"}],\"order\":4,\"text\":\"Weighted-Average\\nGrant Date\\nFair Value\"},{\"bbox\":[63.7,172.8,310.1,223.4],\"lines\":[{\"bbox\":[63.7,172.8,309.2,188.2],\"text\":\"Unvested restricted shares outstanding at December 31, 2010\"},{\"bbox\":[64.0,189.9,96.4,199.9],\"text\":\"Granted\"},{\"bbox\":[64.3,201.6,101.2,211.7],\"text\":\"Forfeited\"},{\"bbox\":[64.6,213.6,92.6,223.4],\"text\":\"Vested\"}],\"order\":5,\"text\":\"Unvested restricted shares outstanding at December 31, 2010\\nGranted\\nForfeited\\nVested\"},{\"bbox\":[408.8,169.2,453.2,214.7],\"lines\":[{\"bbox\":[408.8,169.3,449.0,179.5],\"text\":\"2,071,872\"},{\"bbox\":[416.6,181.1,449.3,191.0],\"text\":\"769,858\"},{\"bbox\":[413.5,192.7,452.9,202.9],\"text\":\"(218,505)\"},{\"bbox\":[413.8,204.5,453.2,214.6],\"text\":\"(786,185)\"}],\"order\":6,\"text\":\"2,071,872\\n769,858\\n(218,505)\\n(786,185)\"},{\"bbox\":[475.4,168.0,504.0,213.1],\"lines\":[{\"bbox\":[475.4,168.0,503.1,177.8],\"text\":\"$16.77\"},{\"bbox\":[480.7,179.7,503.4,189.4],\"text\":\"13.18\"},{\"bbox\":[481.0,191.5,503.7,201.2],\"text\":\"17.00\"},{\"bbox\":[481.3,203.2,504.0,212.9],\"text\":\"17.17\"}],\"order\":7,\"text\":\"$16.77\\n13.18\\n17.00\\n17.17\"},{\"bbox\":[65.0,223.8,311.4,274.4],\"lines\":[{\"bbox\":[65.0,223.8,310.5,239.2],\"text\":\"Unvested restricted shares outstanding at December 31, 2011\"},{\"bbox\":[65.3,240.9,97.7,250.9],\"text\":\"Granted\"},{\"bbox\":[65.6,252.6,102.4,262.6],\"text\":\"Forfeited\"},{\"bbox\":[65.9,264.5,93.9,274.4],\"text\":\"Vested\"}],\"order\":8,\"text\":\"Unvested restricted shares outstanding at December 31, 2011\\nGranted\\nForfeited\\nVested\"},{\"bbox\":[410.1,220.2,454.5,265.7],\"lines\":[{\"bbox\":[410.1,220.3,450.3,230.5],\"text\":\"1,837,040\"},{\"bbox\":[417.9,232.1,450.6,242.0],\"text\":\"640,254\"},{\"bbox\":[419.8,243.7,454.2,253.7],\"text\":\"(88,319)\"},{\"bbox\":[415.1,255.5,454.5,265.6],\"text\":\"(807,554)\"}],\"order\":9,\"text\":\"1,837,040\\n640,254\\n(88,319)\\n(807,554)\"},{\"bbox\":[481.7,218.9,505.3,263.9],\"lines\":[{\"bbox\":[481.7,218.9,504.4,228.7],\"text\":\"15.06\"},{\"bbox\":[482.0,230.7,504.7,240.4],\"text\":\"12.57\"},{\"bbox\":[482.3,242.4,505.0,252.2],\"text\":\"13.89\"},{\"bbox\":[482.6,254.2,505.3,263.9],\"text\":\"16.31\"}],\"order\":10,\"text\":\"15.06\\n12.57\\n13.89\\n16.31\"},{\"bbox\":[66.3,274.8,312.7,325.4],\"lines\":[{\"bbox\":[66.3,274.8,311.8,290.1],\"text\":\"Unvested restricted shares outstanding at December 31, 2012\"},{\"bbox\":[66.6,291.9,99.0,301.9],\"text\":\"Granted\"},{\"bbox\":[66.9,303.5,103.7,313.6],\"text\":\"Forfeited\"},{\"bbox\":[67.1,315.5,95.1,325.4],\"text\":\"Vested\"}],\"order\":11,\"text\":\"Unvested restricted shares outstanding at December 31, 2012\\nGranted\\nForfeited\\nVested\"},{\"bbox\":[411.4,271.2,455.8,316.7],\"lines\":[{\"bbox\":[411.4,271.3,451.6,281.5],\"text\":\"1,581,421\"},{\"bbox\":[419.1,283.0,451.9,293.0],\"text\":\"617,796\"},{\"bbox\":[421.1,294.7,455.5,304.7],\"text\":\"(44,046)\"},{\"bbox\":[416.4,306.4,455.8,316.6],\"text\":\"(621,956)\"}],\"order\":12,\"text\":\"1,581,421\\n617,796\\n(44,046)\\n(621,956)\"},{\"bbox\":[483.0,269.9,506.6,314.9],\"lines\":[{\"bbox\":[483.0,269.9,505.7,279.7],\"text\":\"13.48\"},{\"bbox\":[483.3,281.7,506.0,291.4],\"text\":\"13.15\"},{\"bbox\":[483.6,293.4,506.3,303.1],\"text\":\"12.85\"},{\"bbox\":[483.9,305.2,506.6,314.9],\"text\":\"14.08\"}],\"order\":13,\"text\":\"13.48\\n13.15\\n12.85\\n14.08\"},{\"bbox\":[67.5,325.8,313.0,341.1],\"lines\":[{\"bbox\":[67.5,325.8,313.0,341.1],\"text\":\"Unvested restricted shares outstanding at December 31, 2013\"}],\"order\":14,\"text\":\"Unvested restricted shares outstanding at December 31, 2013\"},{\"bbox\":[412.6,322.3,452.9,332.4],\"lines\":[{\"bbox\":[412.6,322.3,452.9,332.4],\"text\":\"1,533,215\"}],\"order\":15,\"text\":\"1,533,215\"},{\"bbox\":[479.3,320.9,507.0,330.8],\"lines\":[{\"bbox\":[479.3,320.9,507.0,330.8],\"text\":\"$13.12\"}],\"order\":16,\"text\":\"$13.12\"},{\"bbox\":[68.2,348.0,525.8,438.2],\"lines\":[{\"bbox\":[88.2,348.0,524.0,368.1],\"text\":\"Expense relating to unvested restricted stock awards is recognized on a straight-line basis, generally over the\"},{\"bbox\":[68.5,360.7,481.0,380.2],\"text\":\"applicable service period, and totaled $8.8 million, $11.1 million and $14.6 million for the years ended\"},{\"bbox\":[68.8,371.4,517.5,391.8],\"text\":\"December 31, 2013, 2012 and 2011, respectively. Unamortized cost for unvested restricted stock awards, which\"},{\"bbox\":[69.1,384.1,472.0,403.4],\"text\":\"reflects an estimated forfeiture rate of 5.4% per year over the vesting period, totaled $11.4 million at\"},{\"bbox\":[69.4,394.9,505.9,415.0],\"text\":\"December 31, 2013, and is expected to be recognized over the remaining weighted-average vesting period of\"},{\"bbox\":[69.7,406.1,520.4,426.6],\"text\":\"1.9 years. The total fair value of restricted stock awards vested during the years ended December 31, 2013, 2012\"},{\"bbox\":[70.0,421.6,364.9,438.2],\"text\":\"and 2011 was $9.4 million, $10.1 million and $10.2 million, respectively.\"}],\"order\":17,\"text\":\"Expense relating to unvested restricted stock awards is recognized on a straight-line basis, generally over the\\napplicable service period, and totaled $8.8 million, $11.1 million and $14.6 million for the years ended\\nDecember 31, 2013, 2012 and 2011, respectively. Unamortized cost for unvested restricted stock awards, which\\nreflects an estimated forfeiture rate of 5.4% per year over the vesting period, totaled $11.4 million at\\nDecember 31, 2013, and is expected to be recognized over the remaining weighted-average vesting period of\\n1.9 years. The total fair value of restricted stock awards vested during the years ended December 31, 2013, 2012\\nand 2011 was $9.4 million, $10.1 million and $10.2 million, respectively.\"},{\"bbox\":[70.6,441.2,523.5,566.0],\"lines\":[{\"bbox\":[90.6,442.4,473.2,461.2],\"text\":\"During 2013, 2012 and 2011, employees of People’s United Financial tendered 166,572 shares,\"},{\"bbox\":[70.9,453.0,514.8,473.3],\"text\":\"191,652 shares and 196,457 shares of common stock, respectively, in satisfaction of their related minimum tax\"},{\"bbox\":[71.2,464.4,521.5,484.9],\"text\":\"withholding obligations upon the vesting of restricted stock awards granted in prior periods. There is no limit on\"},{\"bbox\":[71.5,476.4,507.2,496.5],\"text\":\"the number of shares that may be tendered by employees of People’s United Financial in the future to satisfy\"},{\"bbox\":[71.7,487.7,519.4,508.1],\"text\":\"their related minimum tax withholding obligations. Shares acquired in satisfaction of minimum tax withholding\"},{\"bbox\":[72.0,499.6,504.8,519.7],\"text\":\"obligations are not eligible for reissuance in connection with any subsequent grants made pursuant to equity\"},{\"bbox\":[72.3,511.3,503.7,531.3],\"text\":\"compensation plans maintained by People’s United Financial. Rather, all shares acquired in this manner are\"},{\"bbox\":[72.6,522.6,514.0,542.9],\"text\":\"retired by People’s United Financial, resuming the status of authorized but unissued shares of People’s United\"},{\"bbox\":[72.9,535.4,466.7,554.5],\"text\":\"Financial’s common stock. The total cost of shares repurchased and retired during the years ended\"},{\"bbox\":[73.2,547.1,464.2,566.0],\"text\":\"December 31, 2013, 2012 and 2011 was $2.2 million, $2.3 million and $2.6 million, respectively.\"}],\"order\":18,\"text\":\"During 2013, 2012 and 2011, employees of People’s United Financial tendered 166,572 shares,\\n191,652 shares and 196,457 shares of common stock, respectively, in satisfaction of their related minimum tax\\nwithholding obligations upon the vesting of restricted stock awards granted in prior periods. There is no limit on\\nthe number of shares that may be tendered by employees of People’s United Financial in the future to satisfy\\ntheir related minimum tax withholding obligations. Shares acquired in satisfaction of minimum tax withholding\\nobligations are not eligible for reissuance in connection with any subsequent grants made pursuant to equity\\ncompensation plans maintained by People’s United Financial. Rather, all shares acquired in this manner are\\nretired by People’s United Financial, resuming the status of authorized but unissued shares of People’s United\\nFinancial’s common stock. The total cost of shares repurchased and retired during the years ended\\nDecember 31, 2013, 2012 and 2011 was $2.2 million, $2.3 million and $2.6 million, respectively.\"},{\"bbox\":[74.0,582.9,229.6,595.8],\"lines\":[{\"bbox\":[74.0,582.9,229.6,595.8],\"text\":\"Directors’ Equity Compensation Plan\"}],\"order\":19,\"text\":\"Directors’ Equity Compensation Plan\"},{\"bbox\":[74.4,593.1,524.1,694.7],\"lines\":[{\"bbox\":[94.4,593.3,512.8,613.0],\"text\":\"The People’s United Financial, Inc. Directors’ Equity Compensation Plan (the “Directors’ Equity Plan”)\"},{\"bbox\":[74.7,604.7,522.3,625.1],\"text\":\"provides for an annual award of shares of People’s United Financial common stock with a fair value of $95,000\"},{\"bbox\":[75.0,616.3,519.7,636.7],\"text\":\"to each non-employee director immediately following each annual meeting of shareholders. Shares of People’s\"},{\"bbox\":[75.3,627.9,520.4,648.3],\"text\":\"United Financial common stock issued pursuant to the Directors’ Equity Plan prior to 2012 are not transferable\"},{\"bbox\":[75.6,639.6,516.2,659.9],\"text\":\"until the third anniversary of the grant date or, if earlier, upon the director’s cessation of service. Beginning in\"},{\"bbox\":[75.9,651.6,501.6,671.5],\"text\":\"2012, shares of People’s United Financial common stock issued pursuant to the Directors’ Equity Plan are\"},{\"bbox\":[76.1,663.2,502.8,683.1],\"text\":\"subject to a one-year vesting period, with no post-vesting transfer restrictions. A total of 892,500 shares of\"},{\"bbox\":[76.4,675.4,478.8,694.7],\"text\":\"People’s United Financial common stock are reserved for issuance under the Directors’ Equity Plan.\"}],\"order\":20,\"text\":\"The People’s United Financial, Inc. Directors’ Equity Compensation Plan (the “Directors’ Equity Plan”)\\nprovides for an annual award of shares of People’s United Financial common stock with a fair value of $95,000\\nto each non-employee director immediately following each annual meeting of shareholders. Shares of People’s\\nUnited Financial common stock issued pursuant to the Directors’ Equity Plan prior to 2012 are not transferable\\nuntil the third anniversary of the grant date or, if earlier, upon the director’s cessation of service. Beginning in\\n2012, shares of People’s United Financial common stock issued pursuant to the Directors’ Equity Plan are\\nsubject to a one-year vesting period, with no post-vesting transfer restrictions. A total of 892,500 shares of\\nPeople’s United Financial common stock are reserved for issuance under the Directors’ Equity Plan.\"},{\"bbox\":[295.5,703.7,314.6,713.3],\"lines\":[{\"bbox\":[295.5,703.7,314.6,713.3],\"text\":\"F-70\"}],\"order\":21,\"text\":\"F-70\"}],\"doc\":\"fintabnet:PBCT_2013\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"People’s United Financial, Inc. and Subsidiaries\\nNotes to Consolidated Financial Statements\\n\\nRestricted Stock Awarded\\n\\nThe following is a summary of restricted stock award activity under the Incentive Plans and the RRP:\\n\\n|  | Shares | Weighted-AverageGrant DateFair Value |\\n| --- | --- | --- |\\n| Unvested restricted shares outstanding at December 31, 2010 | 2,071,872 | $16.77 |\\n| Granted | 769,858 | 13.18 |\\n| Forfeited | (218,505) | 17.00 |\\n| Vested | (786,185) | 17.17 |\\n| Unvested restricted shares outstanding at December 31, 2011 | 1,837,040 | 15.06 |\\n| Granted | 640,254 | 12.57 |\\n| Forfeited | (88,319) | 13.89 |\\n| Vested | (807,554) | 16.31 |\\n| Unvested restricted shares outstanding at December 31, 2012 | 1,581,421 | 13.48 |\\n| Granted | 617,796 | 13.15 |\\n| Forfeited | (44,046) | 12.85 |\\n| Vested | (621,956) | 14.08 |\\n| Unvested restricted shares outstanding at December 31, 2013 | 1,533,215 | $13.12 |\\n\\nExpense relating to unvested restricted stock awards is recognized on a straight-line basis, generally over the\\napplicable service period, and totaled $8.8 million, $11.1 million and $14.6 million for the years ended\\nDecember 31, 2013, 2012 and 2011, respectively. Unamortized cost for unvested restricted stock awards, which\\nreflects an estimated forfeiture rate of 5.4% per year over the vesting period, totaled $11.4 million at\\nDecember 31, 2013, and is expected to be recognized over the remaining weighted-average vesting period of\\n1.9 years. The total fair value of restricted stock awards vested during the years ended December 31, 2013, 2012\\nand 2011 was $9.4 million, $10.1 million and $10.2 million, respectively.\\n\\nDuring 2013, 2012 and 2011, employees of People’s United Financial tendered 166,572 shares,\\n191,652 shares and 196,457 shares of common stock, respectively, in satisfaction of their related minimum tax\\nwithholding obligations upon the vesting of restricted stock awards granted in prior periods. There is no limit on\\nthe number of shares that may be tendered by employees of People’s United Financial in the future to satisfy\\ntheir related minimum tax withholding obligations. Shares acquired in satisfaction of minimum tax withholding\\nobligations are not eligible for reissuance in connection with any subsequent grants made pursuant to equity\\ncompensation plans maintained by People’s United Financial. Rather, all shares acquired in this manner are\\nretired by People’s United Financial, resuming the status of authorized but unissued shares of People’s United\\nFinancial’s common stock. The total cost of shares repurchased and retired during the years ended\\nDecember 31, 2013, 2012 and 2011 was $2.2 million, $2.3 million and $2.6 million, respectively.\\n\\nDirectors’ Equity Compensation Plan\\n\\nThe People’s United Financial, Inc. Directors’ Equity Compensation Plan (the “Directors’ Equity Plan”)\\nprovides for an annual award of shares of People’s United Financial common stock with a fair value of $95,000\\nto each non-employee director immediately following each annual meeting of shareholders. Shares of People’s\\nUnited Financial common stock issued pursuant to the Directors’ Equity Plan prior to 2012 are not transferable\\nuntil the third anniversary of the grant date or, if earlier, upon the director’s cessation of service. Beginning in\\n2012, shares of People’s United Financial common stock issued pursuant to the Directors’ Equity Plan are\\nsubject to a one-year vesting period, with no post-vesting transfer restrictions. A total of 892,500 shares of\\nPeople’s United Financial common stock are reserved for issuance under the Directors’ Equity Plan.\\n\\nF-70\",\"name\":\"fintabnet.PBCT_2013_page_172__72dpi_medium\",\"page_id\":\"fintabnet.PBCT_2013_page_172\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.441,\"source\":\"fintabnet\",\"source_id\":\"PBCT_2013_page_172\",\"stack\":[{\"deg\":1.441,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.97},{\"gain\":0.724,\"op\":\"contrast\"},{\"bias\":0.109,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":40}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[62.9,135.6,523.7,341.1],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16],\"cells\":[{\"bbox\":[417.8,154.5,439.3,163.1],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"Shares\"},{\"bbox\":[458.0,136.5,519.4,162.1],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\"Weighted-AverageGrant DateFair Value\"},{\"bbox\":[63.7,172.0,309.2,188.2],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Unvested restricted shares outstanding at December 31, 2010\"},{\"bbox\":[408.8,168.5,449.0,179.5],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2,071,872\"},{\"bbox\":[475.4,167.1,503.1,177.8],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"$16.77\"},{\"bbox\":[64.0,189.1,96.4,199.9],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Granted\"},{\"bbox\":[416.6,180.2,449.3,191.0],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"769,858\"},{\"bbox\":[480.7,178.9,503.4,189.4],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"13.18\"},{\"bbox\":[64.3,200.7,101.2,211.7],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Forfeited\"},{\"bbox\":[413.5,191.9,452.9,202.9],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"(218,505)\"},{\"bbox\":[481.0,190.6,503.7,201.2],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"17.00\"},{\"bbox\":[64.6,212.7,92.6,223.4],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Vested\"},{\"bbox\":[413.8,203.6,453.2,214.6],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"(786,185)\"},{\"bbox\":[481.3,202.4,504.0,212.9],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"17.17\"},{\"bbox\":[65.0,223.0,310.5,239.2],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Unvested restricted shares outstanding at December 31, 2011\"},{\"bbox\":[410.0,219.5,450.3,230.5],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"1,837,040\"},{\"bbox\":[481.7,218.1,504.4,228.7],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"15.06\"},{\"bbox\":[65.3,240.1,97.7,250.9],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Granted\"},{\"bbox\":[417.8,231.2,450.6,242.0],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"640,254\"},{\"bbox\":[482.0,229.9,504.7,240.4],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"12.57\"},{\"bbox\":[65.5,251.7,102.4,262.6],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Forfeited\"},{\"bbox\":[419.8,242.9,454.2,253.7],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"(88,319)\"},{\"bbox\":[482.3,241.6,505.0,252.2],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"13.89\"},{\"bbox\":[65.8,263.7,93.9,274.4],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Vested\"},{\"bbox\":[415.1,254.6,454.5,265.6],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"(807,554)\"},{\"bbox\":[482.6,253.3,505.3,263.9],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"16.31\"},{\"bbox\":[66.2,274.0,311.8,290.1],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Unvested restricted shares outstanding at December 31, 2012\"},{\"bbox\":[411.3,270.5,451.6,281.5],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"1,581,421\"},{\"bbox\":[483.0,269.1,505.7,279.7],\"c0\":2,\"c1\":2,\"r0\":9,\"r1\":9,\"text\":\"13.48\"},{\"bbox\":[66.5,291.1,99.0,301.9],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Granted\"},{\"bbox\":[419.1,282.2,451.9,293.0],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"617,796\"},{\"bbox\":[483.3,280.8,506.0,291.4],\"c0\":2,\"c1\":2,\"r0\":10,\"r1\":10,\"text\":\"13.15\"},{\"bbox\":[66.8,302.7,103.7,313.6],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"Forfeited\"},{\"bbox\":[421.1,293.9,455.5,304.7],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"(44,046)\"},{\"bbox\":[483.5,292.6,506.3,303.1],\"c0\":2,\"c1\":2,\"r0\":11,\"r1\":11,\"text\":\"12.85\"},{\"bbox\":[67.1,314.7,95.1,325.4],\"c0\":0,\"c1\":0,\"r0\":12,\"r1\":12,\"text\":\"Vested\"},{\"bbox\":[416.4,305.6,455.8,316.6],\"c0\":1,\"c1\":1,\"r0\":12,\"r1\":12,\"text\":\"(621,956)\"},{\"bbox\":[483.8,304.3,506.6,314.9],\"c0\":2,\"c1\":2,\"r0\":12,\"r1\":12,\"text\":\"14.08\"},{\"bbox\":[67.5,325.0,313.0,341.1],\"c0\":0,\"c1\":0,\"r0\":13,\"r1\":13,\"text\":\"Unvested restricted shares outstanding at December 31, 2013\"},{\"bbox\":[412.6,321.4,452.9,332.4],\"c0\":1,\"c1\":1,\"r0\":13,\"r1\":13,\"text\":\"1,533,215\"},{\"bbox\":[479.2,320.1,507.0,330.8],\"c0\":2,\"c1\":2,\"r0\":13,\"r1\":13,\"text\":\"$13.12\"}]}],\"text\":\"People’s United Financial, Inc. and Subsidiaries\\nNotes to Consolidated Financial Statements\\n\\nRestricted Stock Awarded\\n\\nThe following is a summary of restricted stock award activity under the Incentive Plans and the RRP:\\n\\nShares\\n\\nWeighted-Average\\nGrant Date\\nFair Value\\n\\nUnvested restricted shares outstanding at December 31, 2010\\nGranted\\nForfeited\\nVested\\n\\n2,071,872\\n769,858\\n(218,505)\\n(786,185)\\n\\n$16.77\\n13.18\\n17.00\\n17.17\\n\\nUnvested restricted shares outstanding at December 31, 2011\\nGranted\\nForfeited\\nVested\\n\\n1,837,040\\n640,254\\n(88,319)\\n(807,554)\\n\\n15.06\\n12.57\\n13.89\\n16.31\\n\\nUnvested restricted shares outstanding at December 31, 2012\\nGranted\\nForfeited\\nVested\\n\\n1,581,421\\n617,796\\n(44,046)\\n(621,956)\\n\\n13.48\\n13.15\\n12.85\\n14.08\\n\\nUnvested restricted shares outstanding at December 31, 2013\\n\\n1,533,215\\n\\n$13.12\\n\\nExpense relating to unvested restricted stock awards is recognized on a straight-line basis, generally over the\\napplicable service period, and totaled $8.8 million, $11.1 million and $14.6 million for the years ended\\nDecember 31, 2013, 2012 and 2011, respectively. Unamortized cost for unvested restricted stock awards, which\\nreflects an estimated forfeiture rate of 5.4% per year over the vesting period, totaled $11.4 million at\\nDecember 31, 2013, and is expected to be recognized over the remaining weighted-average vesting period of\\n1.9 years. The total fair value of restricted stock awards vested during the years ended December 31, 2013, 2012\\nand 2011 was $9.4 million, $10.1 million and $10.2 million, respectively.\\n\\nDuring 2013, 2012 and 2011, employees of People’s United Financial tendered 166,572 shares,\\n191,652 shares and 196,457 shares of common stock, respectively, in satisfaction of their related minimum tax\\nwithholding obligations upon the vesting of restricted stock awards granted in prior periods. There is no limit on\\nthe number of shares that may be tendered by employees of People’s United Financial in the future to satisfy\\ntheir related minimum tax withholding obligations. Shares acquired in satisfaction of minimum tax withholding\\nobligations are not eligible for reissuance in connection with any subsequent grants made pursuant to equity\\ncompensation plans maintained by People’s United Financial. Rather, all shares acquired in this manner are\\nretired by People’s United Financial, resuming the status of authorized but unissued shares of People’s United\\nFinancial’s common stock. The total cost of shares repurchased and retired during the years ended\\nDecember 31, 2013, 2012 and 2011 was $2.2 million, $2.3 million and $2.6 million, respectively.\\n\\nDirectors’ Equity Compensation Plan\\n\\nThe People’s United Financial, Inc. Directors’ Equity Compensation Plan (the “Directors’ Equity Plan”)\\nprovides for an annual award of shares of People’s United Financial common stock with a fair value of $95,000\\nto each non-employee director immediately following each annual meeting of shareholders. Shares of People’s\\nUnited Financial common stock issued pursuant to the Directors’ Equity Plan prior to 2012 are not transferable\\nuntil the third anniversary of the grant date or, if earlier, upon the director’s cessation of service. Beginning in\\n2012, shares of People’s United Financial common stock issued pursuant to the Directors’ Equity Plan are\\nsubject to a one-year vesting period, with no post-vesting transfer restrictions. A total of 892,500 shares of\\nPeople’s United Financial common stock are reserved for issuance under the Directors’ Equity Plan.\\n\\nF-70\"},\"name\":\"fintabnet.PBCT_2013_page_172__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":14107,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:PBCT_2013\",\"dpi\":72,\"gt_sha256\":\"77e809af154e1f4deba8e1181c639e8d0ce2ec65a67ec4fa5f799e55258cd638\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PBCT_2013_page_172__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.PBCT_2013_page_172\",\"pdf_sha256\":\"d4acedbb8c837e867c14d7579f6ba9b29debe11c35ec92868c95f3e0d712a76e\",\"px\":[594,774],\"scan\":{\"render\":\"000007c0380800142014201420143ffc3ffc3ffc3ffc3ff03ffc3ffc38800000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"PBCT_2013_page_172\",\"src\":{\"file_sha256\":\"e7b30df128562943079171dd2f25a9bf7cdc0a239d3e4c16bc1883232747d868\",\"render\":\"000007e01000201c2014201420143ffc3ff83ffc3ffc3ff03ffc3ffc00000000\",\"text\":\"203af82932e5e849dc0c19fe1d22d3abda21916fc96a6e02146bbf3c4bf52fda\"},\"stack\":[{\"deg\":1.441,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.97},{\"gain\":0.724,\"op\":\"contrast\"},{\"bias\":0.109,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":40}],\"tools\":\"21647cade0ee\"},\"sha256\":\"d4acedbb8c837e867c14d7579f6ba9b29debe11c35ec92868c95f3e0d712a76e\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/d4acedbb8c837e867c14d7579f6ba9b29debe11c35ec92868c95f3e0d712a76e.pdf","asset_sha256":"d4acedbb8c837e867c14d7579f6ba9b29debe11c35ec92868c95f3e0d712a76e","document_id":"fintabnet:PBCT_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PBCT_2013_page_172\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PBCT_2013_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PBCT_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[75.6,63.3,137.1,73.6],\"lines\":[{\"bbox\":[75.6,63.3,137.1,73.6],\"text\":\"Total Deposits\"}],\"order\":0,\"text\":\"Total Deposits\"},{\"bbox\":[75.2,81.3,235.5,93.8],\"lines\":[{\"bbox\":[75.2,81.3,235.5,93.8],\"text\":\"As of December 31 (dollars in millions)\"}],\"order\":1,\"text\":\"As of December 31 (dollars in millions)\"},{\"bbox\":[173.1,101.9,199.4,114.3],\"lines\":[{\"bbox\":[173.1,101.9,199.4,114.3],\"text\":\"20,816\"}],\"order\":2,\"text\":\"20,816\"},{\"bbox\":[82.9,124.1,109.1,136.5],\"lines\":[{\"bbox\":[82.9,124.1,109.1,136.5],\"text\":\"15,446\"}],\"order\":3,\"text\":\"15,446\"},{\"bbox\":[85.3,215.7,102.8,226.9],\"lines\":[{\"bbox\":[85.3,215.7,102.8,226.9],\"text\":\"2009\"}],\"order\":4,\"text\":\"2009\"},{\"bbox\":[218.1,98.6,244.3,111.0],\"lines\":[{\"bbox\":[218.1,98.6,244.3,111.0],\"text\":\"21,751\"}],\"order\":5,\"text\":\"21,751\"},{\"bbox\":[263.1,95.9,289.3,108.3],\"lines\":[{\"bbox\":[263.1,95.9,289.3,108.3],\"text\":\"22,557\"}],\"order\":6,\"text\":\"22,557\"},{\"bbox\":[220.0,218.5,237.4,229.7],\"lines\":[{\"bbox\":[220.0,218.5,237.4,229.7],\"text\":\"2012\"}],\"order\":7,\"text\":\"2012\"},{\"bbox\":[264.8,219.5,282.3,230.6],\"lines\":[{\"bbox\":[264.8,219.5,282.3,230.6],\"text\":\"2013\"}],\"order\":8,\"text\":\"2013\"},{\"bbox\":[128.0,113.9,154.2,126.3],\"lines\":[{\"bbox\":[128.0,113.9,154.2,126.3],\"text\":\"17,933\"}],\"order\":9,\"text\":\"17,933\"},{\"bbox\":[130.2,216.6,147.7,227.8],\"lines\":[{\"bbox\":[130.2,216.6,147.7,227.8],\"text\":\"2010\"}],\"order\":10,\"text\":\"2010\"},{\"bbox\":[175.1,217.6,192.6,228.8],\"lines\":[{\"bbox\":[175.1,217.6,192.6,228.8],\"text\":\"2011\"}],\"order\":11,\"text\":\"2011\"},{\"bbox\":[91.6,249.7,445.4,266.3],\"lines\":[{\"bbox\":[91.6,249.7,445.4,266.3],\"text\":\"The following table presents People’s United Financial’s time deposits by rate category:\"}],\"order\":12,\"text\":\"The following table presents People’s United Financial’s time deposits by rate category:\"},{\"bbox\":[71.2,270.6,175.5,280.2],\"lines\":[{\"bbox\":[71.2,270.6,175.5,280.2],\"text\":\"As of December 31 (in millions)\"}],\"order\":13,\"text\":\"As of December 31 (in millions)\"},{\"bbox\":[421.7,278.0,437.8,285.7],\"lines\":[{\"bbox\":[421.7,278.0,437.8,285.7],\"text\":\"2013\"}],\"order\":14,\"text\":\"2013\"},{\"bbox\":[69.4,285.2,144.1,367.9],\"lines\":[{\"bbox\":[70.9,285.2,125.3,295.5],\"text\":\"0.50% or less\"},{\"bbox\":[70.6,297.2,135.3,307.8],\"text\":\"0.51% to 1.00%\"},{\"bbox\":[70.4,309.2,135.0,319.7],\"text\":\"1.01% to 1.50%\"},{\"bbox\":[70.1,321.2,134.8,331.7],\"text\":\"1.51% to 2.00%\"},{\"bbox\":[69.9,333.2,134.5,343.7],\"text\":\"2.01% to 2.50%\"},{\"bbox\":[69.6,345.2,134.3,355.7],\"text\":\"2.51% to 3.00%\"},{\"bbox\":[69.4,357.2,142.6,367.9],\"text\":\"3.01% and greater\"}],\"order\":15,\"text\":\"0.50% or less\\n0.51% to 1.00%\\n1.01% to 1.50%\\n1.51% to 2.00%\\n2.01% to 2.50%\\n2.51% to 3.00%\\n3.01% and greater\"},{\"bbox\":[410.3,292.4,447.0,374.3],\"lines\":[{\"bbox\":[411.8,292.4,447.0,302.3],\"text\":\"$1,965.0\"},{\"bbox\":[424.1,304.7,446.8,314.3],\"text\":\"922.2\"},{\"bbox\":[423.8,316.7,446.5,326.3],\"text\":\"457.5\"},{\"bbox\":[423.6,328.7,446.2,338.3],\"text\":\"278.9\"},{\"bbox\":[423.3,340.7,446.0,350.3],\"text\":\"308.6\"},{\"bbox\":[423.1,352.7,445.7,362.3],\"text\":\"381.8\"},{\"bbox\":[427.8,364.8,445.5,374.3],\"text\":\"68.9\"}],\"order\":16,\"text\":\"$1,965.0\\n922.2\\n457.5\\n278.9\\n308.6\\n381.8\\n68.9\"},{\"bbox\":[89.0,373.6,110.3,383.2],\"lines\":[{\"bbox\":[89.0,373.6,110.3,383.2],\"text\":\"Total\"}],\"order\":17,\"text\":\"Total\"},{\"bbox\":[410.0,380.4,445.2,390.3],\"lines\":[{\"bbox\":[410.0,380.4,445.2,390.3],\"text\":\"$4,382.9\"}],\"order\":18,\"text\":\"$4,382.9\"},{\"bbox\":[68.2,401.2,523.5,431.9],\"lines\":[{\"bbox\":[88.5,401.6,523.5,419.9],\"text\":\"The following table presents, by rate category, the remaining period to maturity of time deposits outstanding\"},{\"bbox\":[68.2,413.2,171.5,424.5],\"text\":\"as of December 31, 2013:\"}],\"order\":19,\"text\":\"The following table presents, by rate category, the remaining period to maturity of time deposits outstanding\\nas of December 31, 2013:\"},{\"bbox\":[67.2,462.6,107.1,470.8],\"lines\":[{\"bbox\":[67.2,462.6,107.1,470.8],\"text\":\"(in millions)\"}],\"order\":20,\"text\":\"(in millions)\"},{\"bbox\":[163.8,448.6,187.9,472.5],\"lines\":[{\"bbox\":[164.8,448.6,187.2,456.4],\"text\":\"Within\"},{\"bbox\":[167.7,456.7,183.9,464.4],\"text\":\"three\"},{\"bbox\":[163.8,464.6,187.5,472.5],\"text\":\"months\"}],\"order\":21,\"text\":\"Within\\nthree\\nmonths\"},{\"bbox\":[199.3,449.4,234.7,473.4],\"lines\":[{\"bbox\":[209.1,449.6,225.2,457.2],\"text\":\"Over\"},{\"bbox\":[204.8,457.5,229.1,465.3],\"text\":\"three to\"},{\"bbox\":[199.3,465.4,234.3,473.4],\"text\":\"six months\"}],\"order\":22,\"text\":\"Over\\nthree to\\nsix months\"},{\"bbox\":[245.8,438.4,448.9,477.9],\"lines\":[{\"bbox\":[272.4,438.9,413.8,449.2],\"text\":\"Period to Maturity from December 31, 2013\"},{\"bbox\":[248.3,450.4,275.8,458.3],\"text\":\"Over six\"},{\"bbox\":[290.1,451.3,319.8,459.2],\"text\":\"Over one\"},{\"bbox\":[339.7,452.3,355.8,460.0],\"text\":\"Over\"},{\"bbox\":[383.1,453.2,399.3,460.9],\"text\":\"Over\"},{\"bbox\":[424.8,454.1,441.0,461.8],\"text\":\"Over\"},{\"bbox\":[245.9,458.4,277.8,466.3],\"text\":\"months to\"},{\"bbox\":[301.6,459.5,307.9,467.0],\"text\":\"to\"},{\"bbox\":[337.4,460.3,357.8,468.0],\"text\":\"two to\"},{\"bbox\":[378.9,461.1,403.2,469.0],\"text\":\"three to\"},{\"bbox\":[421.9,462.1,443.6,469.8],\"text\":\"four to\"},{\"bbox\":[248.0,466.4,275.4,474.3],\"text\":\"one year\"},{\"bbox\":[289.1,467.3,448.3,477.9],\"text\":\"two years three years four years five years\"}],\"order\":23,\"text\":\"Period to Maturity from December 31, 2013\\nOver six\\nOver one\\nOver\\nOver\\nOver\\nmonths to\\nto\\ntwo to\\nthree to\\nfour to\\none year\\ntwo years three years four years five years\"},{\"bbox\":[459.7,454.9,477.0,478.5],\"lines\":[{\"bbox\":[460.5,454.9,476.6,462.5],\"text\":\"Over\"},{\"bbox\":[462.1,462.9,474.7,470.5],\"text\":\"five\"},{\"bbox\":[459.7,470.8,476.7,478.5],\"text\":\"years\"}],\"order\":24,\"text\":\"Over\\nfive\\nyears\"},{\"bbox\":[497.2,471.6,514.2,479.3],\"lines\":[{\"bbox\":[497.2,471.6,514.2,479.3],\"text\":\"Total\"}],\"order\":25,\"text\":\"Total\"},{\"bbox\":[65.3,477.2,140.1,559.9],\"lines\":[{\"bbox\":[66.9,477.2,121.2,487.5],\"text\":\"0.50% or less\"},{\"bbox\":[66.6,489.2,131.3,499.7],\"text\":\"0.51% to 1.00%\"},{\"bbox\":[66.4,501.2,131.0,511.7],\"text\":\"1.01% to 1.50%\"},{\"bbox\":[66.1,513.2,130.8,523.7],\"text\":\"1.51% to 2.00%\"},{\"bbox\":[65.9,525.2,130.5,535.7],\"text\":\"2.01% to 2.50%\"},{\"bbox\":[65.6,537.2,130.3,547.7],\"text\":\"2.51% to 3.00%\"},{\"bbox\":[65.3,549.2,138.6,559.9],\"text\":\"3.01% and greater\"}],\"order\":26,\"text\":\"0.50% or less\\n0.51% to 1.00%\\n1.01% to 1.50%\\n1.51% to 2.00%\\n2.01% to 2.50%\\n2.51% to 3.00%\\n3.01% and greater\"},{\"bbox\":[160.0,479.2,189.2,560.9],\"lines\":[{\"bbox\":[161.5,479.2,189.2,488.9],\"text\":\"$604.0\"},{\"bbox\":[166.2,491.3,188.9,500.9],\"text\":\"171.2\"},{\"bbox\":[171.0,503.4,188.7,512.9],\"text\":\"53.9\"},{\"bbox\":[170.7,515.4,188.4,524.9],\"text\":\"14.6\"},{\"bbox\":[170.5,527.4,188.2,536.9],\"text\":\"14.9\"},{\"bbox\":[175.2,539.5,187.9,548.9],\"text\":\"6.4\"},{\"bbox\":[175.0,551.5,187.7,560.9],\"text\":\"9.5\"}],\"order\":27,\"text\":\"$604.0\\n171.2\\n53.9\\n14.6\\n14.9\\n6.4\\n9.5\"},{\"bbox\":[201.1,480.1,230.3,561.8],\"lines\":[{\"bbox\":[202.6,480.1,230.3,489.8],\"text\":\"$435.5\"},{\"bbox\":[207.4,492.2,230.1,501.8],\"text\":\"258.8\"},{\"bbox\":[212.1,504.3,229.8,513.8],\"text\":\"32.0\"},{\"bbox\":[211.9,516.3,229.6,525.8],\"text\":\"25.5\"},{\"bbox\":[211.6,528.3,229.3,537.8],\"text\":\"13.3\"},{\"bbox\":[216.4,540.4,229.1,549.8],\"text\":\"8.8\"},{\"bbox\":[216.1,552.4,228.8,561.8],\"text\":\"7.5\"}],\"order\":28,\"text\":\"$435.5\\n258.8\\n32.0\\n25.5\\n13.3\\n8.8\\n7.5\"},{\"bbox\":[242.3,480.9,279.0,562.8],\"lines\":[{\"bbox\":[243.8,480.9,279.0,490.8],\"text\":\"$ 714.5\"},{\"bbox\":[256.0,493.2,278.7,502.8],\"text\":\"183.4\"},{\"bbox\":[255.8,505.2,278.5,514.8],\"text\":\"109.9\"},{\"bbox\":[260.5,517.3,278.2,526.8],\"text\":\"62.7\"},{\"bbox\":[260.3,529.3,277.9,538.8],\"text\":\"39.6\"},{\"bbox\":[260.0,541.3,277.7,550.8],\"text\":\"27.0\"},{\"bbox\":[259.8,553.3,277.4,562.8],\"text\":\"14.4\"}],\"order\":29,\"text\":\"$ 714.5\\n183.4\\n109.9\\n62.7\\n39.6\\n27.0\\n14.4\"},{\"bbox\":[288.9,481.9,318.1,563.6],\"lines\":[{\"bbox\":[290.5,481.9,318.1,491.6],\"text\":\"$205.3\"},{\"bbox\":[295.2,494.0,317.9,503.6],\"text\":\"185.3\"},{\"bbox\":[295.0,506.0,317.6,515.6],\"text\":\"163.6\"},{\"bbox\":[299.7,518.1,317.4,527.6],\"text\":\"40.9\"},{\"bbox\":[299.5,530.1,317.1,539.6],\"text\":\"46.0\"},{\"bbox\":[294.2,542.0,316.9,551.6],\"text\":\"131.1\"},{\"bbox\":[298.9,554.1,316.6,563.6],\"text\":\"27.5\"}],\"order\":30,\"text\":\"$205.3\\n185.3\\n163.6\\n40.9\\n46.0\\n131.1\\n27.5\"},{\"bbox\":[333.3,482.8,338.4,492.1],\"lines\":[{\"bbox\":[333.3,482.8,338.4,492.1],\"text\":\"$\"}],\"order\":31,\"text\":\"$\"},{\"bbox\":[336.7,482.9,360.9,564.5],\"lines\":[{\"bbox\":[348.2,483.1,360.9,492.5],\"text\":\"5.6\"},{\"bbox\":[343.0,495.0,360.7,504.5],\"text\":\"76.9\"},{\"bbox\":[342.7,507.0,360.4,516.5],\"text\":\"14.5\"},{\"bbox\":[342.5,519.0,360.2,528.5],\"text\":\"41.8\"},{\"bbox\":[337.2,530.9,359.9,540.5],\"text\":\"165.6\"},{\"bbox\":[337.0,542.9,359.7,552.5],\"text\":\"206.7\"},{\"bbox\":[346.7,555.1,359.4,564.5],\"text\":\"9.5\"}],\"order\":32,\"text\":\"5.6\\n76.9\\n14.5\\n41.8\\n165.6\\n206.7\\n9.5\"},{\"bbox\":[376.7,483.7,381.9,493.0],\"lines\":[{\"bbox\":[376.7,483.7,381.9,493.0],\"text\":\"$\"}],\"order\":33,\"text\":\"$\"},{\"bbox\":[385.2,483.9,404.4,565.4],\"lines\":[{\"bbox\":[391.7,484.0,404.4,493.4],\"text\":\"0.1\"},{\"bbox\":[386.5,495.9,404.2,505.4],\"text\":\"11.3\"},{\"bbox\":[386.2,507.9,403.9,517.4],\"text\":\"45.0\"},{\"bbox\":[386.0,519.9,403.7,529.4],\"text\":\"89.9\"},{\"bbox\":[385.7,531.9,403.4,541.4],\"text\":\"25.4\"},{\"bbox\":[390.5,544.0,403.2,553.4],\"text\":\"1.4\"},{\"bbox\":[390.2,556.0,402.9,565.4],\"text\":\"0.2\"}],\"order\":34,\"text\":\"0.1\\n11.3\\n45.0\\n89.9\\n25.4\\n1.4\\n0.2\"},{\"bbox\":[419.4,484.6,443.6,566.3],\"lines\":[{\"bbox\":[420.9,484.6,438.6,494.2],\"text\":\"$—\"},{\"bbox\":[425.7,496.7,443.4,506.3],\"text\":\"35.3\"},{\"bbox\":[425.4,508.7,443.1,518.3],\"text\":\"38.6\"},{\"bbox\":[430.2,520.8,442.9,530.3],\"text\":\"3.3\"},{\"bbox\":[427.4,532.8,437.6,542.2],\"text\":\"—\"},{\"bbox\":[429.7,544.8,442.4,554.3],\"text\":\"0.2\"},{\"bbox\":[429.4,556.8,442.1,566.3],\"text\":\"0.3\"}],\"order\":35,\"text\":\"$—\\n35.3\\n38.6\\n3.3\\n—\\n0.2\\n0.3\"},{\"bbox\":[456.3,485.4,478.0,567.0],\"lines\":[{\"bbox\":[457.8,485.4,473.0,494.9],\"text\":\"$—\"},{\"bbox\":[462.5,497.5,472.7,506.9],\"text\":\"—\"},{\"bbox\":[462.3,509.5,472.5,518.9],\"text\":\"—\"},{\"bbox\":[464.5,521.6,477.2,531.0],\"text\":\"0.2\"},{\"bbox\":[464.3,533.6,477.0,543.0],\"text\":\"3.8\"},{\"bbox\":[464.0,545.6,476.7,555.0],\"text\":\"0.2\"},{\"bbox\":[461.3,557.5,471.5,566.9],\"text\":\"—\"}],\"order\":36,\"text\":\"$—\\n—\\n—\\n0.2\\n3.8\\n0.2\\n—\"},{\"bbox\":[486.3,486.0,523.0,567.9],\"lines\":[{\"bbox\":[487.8,486.0,523.0,495.9],\"text\":\"$1,965.0\"},{\"bbox\":[500.0,498.3,522.7,507.9],\"text\":\"922.2\"},{\"bbox\":[499.8,510.3,522.4,519.9],\"text\":\"457.5\"},{\"bbox\":[499.5,522.3,522.2,531.9],\"text\":\"278.9\"},{\"bbox\":[499.3,534.3,521.9,543.9],\"text\":\"308.6\"},{\"bbox\":[499.0,546.3,521.7,555.9],\"text\":\"381.8\"},{\"bbox\":[503.8,558.4,521.4,567.9],\"text\":\"68.9\"}],\"order\":37,\"text\":\"$1,965.0\\n922.2\\n457.5\\n278.9\\n308.6\\n381.8\\n68.9\"},{\"bbox\":[85.0,565.6,106.3,575.2],\"lines\":[{\"bbox\":[85.0,565.6,106.3,575.2],\"text\":\"Total\"}],\"order\":38,\"text\":\"Total\"},{\"bbox\":[159.6,567.2,187.3,576.9],\"lines\":[{\"bbox\":[159.6,567.2,187.3,576.9],\"text\":\"$874.5\"}],\"order\":39,\"text\":\"$874.5\"},{\"bbox\":[200.8,568.0,228.5,577.8],\"lines\":[{\"bbox\":[200.8,568.0,228.5,577.8],\"text\":\"$781.4\"}],\"order\":40,\"text\":\"$781.4\"},{\"bbox\":[241.9,568.9,277.1,578.8],\"lines\":[{\"bbox\":[241.9,568.9,277.1,578.8],\"text\":\"$1,151.5\"}],\"order\":41,\"text\":\"$1,151.5\"},{\"bbox\":[288.6,569.9,316.3,579.6],\"lines\":[{\"bbox\":[288.6,569.9,316.3,579.6],\"text\":\"$799.7\"}],\"order\":42,\"text\":\"$799.7\"},{\"bbox\":[331.4,570.8,359.1,580.5],\"lines\":[{\"bbox\":[331.4,570.8,359.1,580.5],\"text\":\"$520.6\"}],\"order\":43,\"text\":\"$520.6\"},{\"bbox\":[374.9,571.7,402.6,581.4],\"lines\":[{\"bbox\":[374.9,571.7,402.6,581.4],\"text\":\"$173.3\"}],\"order\":44,\"text\":\"$173.3\"},{\"bbox\":[419.1,572.6,441.8,582.3],\"lines\":[{\"bbox\":[419.1,572.6,441.8,582.3],\"text\":\"$77.7\"}],\"order\":45,\"text\":\"$77.7\"},{\"bbox\":[455.9,573.4,476.1,583.0],\"lines\":[{\"bbox\":[455.9,573.4,476.1,583.0],\"text\":\"$ 4.2\"}],\"order\":46,\"text\":\"$ 4.2\"},{\"bbox\":[485.9,574.0,521.1,583.9],\"lines\":[{\"bbox\":[485.9,574.0,521.1,583.9],\"text\":\"$4,382.9\"}],\"order\":47,\"text\":\"$4,382.9\"},{\"bbox\":[285.1,703.8,295.3,713.2],\"lines\":[{\"bbox\":[285.1,703.8,295.3,713.2],\"text\":\"72\"}],\"order\":48,\"text\":\"72\"}],\"doc\":\"fintabnet:PBCT_2013\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"Total Deposits\\n\\nAs of December 31 (dollars in millions)\\n\\n20,816\\n\\n15,446\\n\\n2009\\n\\n21,751\\n\\n22,557\\n\\n2012\\n\\n2013\\n\\n17,933\\n\\n2010\\n\\n2011\\n\\nThe following table presents People’s United Financial’s time deposits by rate category:\\n\\nAs of December 31 (in millions)\\n\\n2013\\n\\n0.50% or less\\n0.51% to 1.00%\\n1.01% to 1.50%\\n1.51% to 2.00%\\n2.01% to 2.50%\\n2.51% to 3.00%\\n3.01% and greater\\n\\n$1,965.0\\n922.2\\n457.5\\n278.9\\n308.6\\n381.8\\n68.9\\n\\nTotal\\n\\n$4,382.9\\n\\nThe following table presents, by rate category, the remaining period to maturity of time deposits outstanding\\nas of December 31, 2013:\\n\\n(in millions)\\n\\nWithin\\nthree\\nmonths\\n\\nOver\\nthree to\\nsix months\\n\\nPeriod to Maturity from December 31, 2013\\nOver six\\nOver one\\nOver\\nOver\\nOver\\nmonths to\\nto\\ntwo to\\nthree to\\nfour to\\none year\\ntwo years three years four years five years\\n\\nOver\\nfive\\nyears\\n\\nTotal\\n\\n0.50% or less\\n0.51% to 1.00%\\n1.01% to 1.50%\\n1.51% to 2.00%\\n2.01% to 2.50%\\n2.51% to 3.00%\\n3.01% and greater\\n\\n$604.0\\n171.2\\n53.9\\n14.6\\n14.9\\n6.4\\n9.5\\n\\n$435.5\\n258.8\\n32.0\\n25.5\\n13.3\\n8.8\\n7.5\\n\\n$ 714.5\\n183.4\\n109.9\\n62.7\\n39.6\\n27.0\\n14.4\\n\\n$205.3\\n185.3\\n163.6\\n40.9\\n46.0\\n131.1\\n27.5\\n\\n$\\n\\n5.6\\n76.9\\n14.5\\n41.8\\n165.6\\n206.7\\n9.5\\n\\n$\\n\\n0.1\\n11.3\\n45.0\\n89.9\\n25.4\\n1.4\\n0.2\\n\\n$—\\n35.3\\n38.6\\n3.3\\n—\\n0.2\\n0.3\\n\\n$—\\n—\\n—\\n0.2\\n3.8\\n0.2\\n—\\n\\n$1,965.0\\n922.2\\n457.5\\n278.9\\n308.6\\n381.8\\n68.9\\n\\nTotal\\n\\n$874.5\\n\\n$781.4\\n\\n$1,151.5\\n\\n$799.7\\n\\n$520.6\\n\\n$173.3\\n\\n$77.7\\n\\n$ 4.2\\n\\n$4,382.9\\n\\n72\",\"name\":\"fintabnet.PBCT_2013_page_80__72dpi_medium\",\"page_id\":\"fintabnet.PBCT_2013_page_80\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.204,\"source\":\"fintabnet\",\"source_id\":\"PBCT_2013_page_80\",\"stack\":[{\"deg\":-1.204,\"op\":\"skew\"},{\"amp\":0.128,\"angle\":7.7,\"blob\":0.442,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.845},{\"gain\":0.77,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.057,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[69.0,269.0,447.3,390.3],\"block_orders\":[13,14,15,16,17,18],\"cells\":null}],\"text\":\"Total Deposits\\n\\nAs of December 31 (dollars in millions)\\n\\n20,816\\n\\n15,446\\n\\n2009\\n\\n21,751\\n\\n22,557\\n\\n2012\\n\\n2013\\n\\n17,933\\n\\n2010\\n\\n2011\\n\\nThe following table presents People’s United Financial’s time deposits by rate category:\\n\\nAs of December 31 (in millions)\\n\\n2013\\n\\n0.50% or less\\n0.51% to 1.00%\\n1.01% to 1.50%\\n1.51% to 2.00%\\n2.01% to 2.50%\\n2.51% to 3.00%\\n3.01% and greater\\n\\n$1,965.0\\n922.2\\n457.5\\n278.9\\n308.6\\n381.8\\n68.9\\n\\nTotal\\n\\n$4,382.9\\n\\nThe following table presents, by rate category, the remaining period to maturity of time deposits outstanding\\nas of December 31, 2013:\\n\\n(in millions)\\n\\nWithin\\nthree\\nmonths\\n\\nOver\\nthree to\\nsix months\\n\\nPeriod to Maturity from December 31, 2013\\nOver six\\nOver one\\nOver\\nOver\\nOver\\nmonths to\\nto\\ntwo to\\nthree to\\nfour to\\none year\\ntwo years three years four years five years\\n\\nOver\\nfive\\nyears\\n\\nTotal\\n\\n0.50% or less\\n0.51% to 1.00%\\n1.01% to 1.50%\\n1.51% to 2.00%\\n2.01% to 2.50%\\n2.51% to 3.00%\\n3.01% and greater\\n\\n$604.0\\n171.2\\n53.9\\n14.6\\n14.9\\n6.4\\n9.5\\n\\n$435.5\\n258.8\\n32.0\\n25.5\\n13.3\\n8.8\\n7.5\\n\\n$ 714.5\\n183.4\\n109.9\\n62.7\\n39.6\\n27.0\\n14.4\\n\\n$205.3\\n185.3\\n163.6\\n40.9\\n46.0\\n131.1\\n27.5\\n\\n$\\n\\n5.6\\n76.9\\n14.5\\n41.8\\n165.6\\n206.7\\n9.5\\n\\n$\\n\\n0.1\\n11.3\\n45.0\\n89.9\\n25.4\\n1.4\\n0.2\\n\\n$—\\n35.3\\n38.6\\n3.3\\n—\\n0.2\\n0.3\\n\\n$—\\n—\\n—\\n0.2\\n3.8\\n0.2\\n—\\n\\n$1,965.0\\n922.2\\n457.5\\n278.9\\n308.6\\n381.8\\n68.9\\n\\nTotal\\n\\n$874.5\\n\\n$781.4\\n\\n$1,151.5\\n\\n$799.7\\n\\n$520.6\\n\\n$173.3\\n\\n$77.7\\n\\n$ 4.2\\n\\n$4,382.9\\n\\n72\"},\"name\":\"fintabnet.PBCT_2013_page_80__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":6218,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:PBCT_2013\",\"dpi\":72,\"gt_sha256\":\"4743569fc49abc9df89fa68c61edd61caf16508c9193d10698f58806043503d8\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PBCT_2013_page_80__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.PBCT_2013_page_80\",\"pdf_sha256\":\"700bc092ce28f392ad4efb1a51974b283df8d4d80abefe46d866cd906bf383a9\",\"px\":[594,774],\"scan\":{\"render\":\"000030003f003f003f00385030103010383c2ffc3df43dfc0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"PBCT_2013_page_80\",\"src\":{\"file_sha256\":\"0989204f963776f635a54120f91d8acd8587324d3dcde9632cad09041fbf5e38\",\"render\":\"000030003f003f003f0038103010301038102ffc3df43ffc0000000000000000\",\"text\":\"c7ad9bcd2db307ebbf31ef411af393b0482eecb50ca67d98aa34c6888ae17d82\"},\"stack\":[{\"deg\":-1.204,\"op\":\"skew\"},{\"amp\":0.128,\"angle\":7.7,\"blob\":0.442,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.845},{\"gain\":0.77,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":-0.057,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"700bc092ce28f392ad4efb1a51974b283df8d4d80abefe46d866cd906bf383a9\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/700bc092ce28f392ad4efb1a51974b283df8d4d80abefe46d866cd906bf383a9.pdf","asset_sha256":"700bc092ce28f392ad4efb1a51974b283df8d4d80abefe46d866cd906bf383a9","document_id":"fintabnet:PBCT_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PBCT_2013_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PBCT_2014_page_154\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PBCT_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[191.1,66.9,395.7,90.2],\"lines\":[{\"bbox\":[191.1,66.9,395.5,78.2],\"text\":\"People’s United Financial, Inc. and Subsidiaries\"},{\"bbox\":[200.6,79.0,386.3,90.1],\"text\":\"Notes to Consolidated Financial Statements\"}],\"order\":0,\"text\":\"People’s United Financial, Inc. and Subsidiaries\\nNotes to Consolidated Financial Statements\"},{\"bbox\":[65.8,110.4,209.2,119.4],\"lines\":[{\"bbox\":[65.8,110.4,209.2,119.4],\"text\":\"Year ended December 31, 2013 (in millions)\"}],\"order\":1,\"text\":\"Year ended December 31, 2013 (in millions)\"},{\"bbox\":[407.3,99.8,433.7,115.5],\"lines\":[{\"bbox\":[407.5,99.8,433.4,107.4],\"text\":\"Pre-Tax\"},{\"bbox\":[407.4,107.8,433.7,115.5],\"text\":\"Amount\"}],\"order\":2,\"text\":\"Pre-Tax\\nAmount\"},{\"bbox\":[445.9,107.3,480.0,115.0],\"lines\":[{\"bbox\":[445.9,107.3,480.0,115.0],\"text\":\"Tax Effect\"}],\"order\":3,\"text\":\"Tax Effect\"},{\"bbox\":[489.8,98.8,521.9,114.5],\"lines\":[{\"bbox\":[489.8,98.8,521.8,106.5],\"text\":\"After-Tax\"},{\"bbox\":[492.7,106.8,519.0,114.5],\"text\":\"Amount\"}],\"order\":4,\"text\":\"After-Tax\\nAmount\"},{\"bbox\":[66.0,123.0,375.0,159.3],\"lines\":[{\"bbox\":[66.0,123.0,373.5,135.7],\"text\":\"Net actuarial gain or loss on pension plans and other postretirement benefits:\"},{\"bbox\":[86.1,136.2,250.4,147.3],\"text\":\"Net actuarial gain arising during the year\"},{\"bbox\":[86.3,146.7,375.0,159.1],\"text\":\"Reclassification adjustment for net actuarial loss included in net income\"}],\"order\":5,\"text\":\"Net actuarial gain or loss on pension plans and other postretirement benefits:\\nNet actuarial gain arising during the year\\nReclassification adjustment for net actuarial loss included in net income\"},{\"bbox\":[405.4,134.1,436.5,155.5],\"lines\":[{\"bbox\":[405.4,134.1,436.3,143.6],\"text\":\"$ 92.0\"},{\"bbox\":[423.8,145.9,436.5,155.2],\"text\":\"8.8\"}],\"order\":6,\"text\":\"$ 92.0\\n8.8\"},{\"bbox\":[450.3,133.6,479.7,154.9],\"lines\":[{\"bbox\":[450.3,133.6,479.5,143.1],\"text\":\"$(33.7)\"},{\"bbox\":[460.4,145.5,479.7,154.8],\"text\":\"(3.2)\"}],\"order\":7,\"text\":\"$(33.7)\\n(3.2)\"},{\"bbox\":[490.7,133.1,521.8,154.5],\"lines\":[{\"bbox\":[490.7,133.1,521.7,142.6],\"text\":\"$ 58.3\"},{\"bbox\":[509.2,145.0,521.8,154.3],\"text\":\"5.6\"}],\"order\":8,\"text\":\"$ 58.3\\n5.6\"},{\"bbox\":[414.0,161.8,436.6,171.2],\"lines\":[{\"bbox\":[414.0,161.8,436.6,171.2],\"text\":\"100.8\"}],\"order\":9,\"text\":\"100.8\"},{\"bbox\":[455.6,161.3,479.8,170.7],\"lines\":[{\"bbox\":[455.6,161.3,479.8,170.7],\"text\":\"(36.9)\"}],\"order\":10,\"text\":\"(36.9)\"},{\"bbox\":[504.4,160.8,522.0,170.2],\"lines\":[{\"bbox\":[504.4,160.8,522.0,170.2],\"text\":\"63.9\"}],\"order\":11,\"text\":\"63.9\"},{\"bbox\":[421.0,189.5,440.3,198.8],\"lines\":[{\"bbox\":[421.0,189.5,440.3,198.8],\"text\":\"(1.1)\"}],\"order\":12,\"text\":\"(1.1)\"},{\"bbox\":[464.2,189.0,476.8,198.3],\"lines\":[{\"bbox\":[464.2,189.0,476.8,198.3],\"text\":\"0.4\"}],\"order\":13,\"text\":\"0.4\"},{\"bbox\":[506.3,188.5,525.6,197.9],\"lines\":[{\"bbox\":[506.3,188.5,525.6,197.9],\"text\":\"(0.7)\"}],\"order\":14,\"text\":\"(0.7)\"},{\"bbox\":[419.5,205.3,437.1,214.7],\"lines\":[{\"bbox\":[419.5,205.3,437.1,214.7],\"text\":\"99.7\"}],\"order\":15,\"text\":\"99.7\"},{\"bbox\":[456.1,204.8,480.3,214.3],\"lines\":[{\"bbox\":[456.1,204.8,480.3,214.3],\"text\":\"(36.5)\"}],\"order\":16,\"text\":\"(36.5)\"},{\"bbox\":[504.9,204.4,522.5,213.7],\"lines\":[{\"bbox\":[504.9,204.4,522.5,213.7],\"text\":\"63.2\"}],\"order\":17,\"text\":\"63.2\"},{\"bbox\":[411.5,233.0,440.9,254.3],\"lines\":[{\"bbox\":[411.5,233.0,440.8,242.5],\"text\":\"(194.4)\"},{\"bbox\":[420.0,244.9,437.6,254.2],\"text\":\"37.0\"}],\"order\":18,\"text\":\"(194.4)\\n37.0\"},{\"bbox\":[459.7,232.6,477.5,253.8],\"lines\":[{\"bbox\":[459.7,232.6,477.3,241.9],\"text\":\"58.1\"},{\"bbox\":[462.4,244.5,472.5,253.8],\"text\":\"—\"}],\"order\":19,\"text\":\"58.1\\n—\"},{\"bbox\":[496.8,232.0,526.2,253.4],\"lines\":[{\"bbox\":[496.8,232.0,526.1,241.5],\"text\":\"(136.3)\"},{\"bbox\":[505.3,243.9,522.9,253.3],\"text\":\"37.0\"}],\"order\":20,\"text\":\"(136.3)\\n37.0\"},{\"bbox\":[411.8,260.7,441.1,270.2],\"lines\":[{\"bbox\":[411.8,260.7,441.1,270.2],\"text\":\"(157.4)\"}],\"order\":21,\"text\":\"(157.4)\"},{\"bbox\":[460.1,260.3,477.7,269.6],\"lines\":[{\"bbox\":[460.1,260.3,477.7,269.6],\"text\":\"58.1\"}],\"order\":22,\"text\":\"58.1\"},{\"bbox\":[502.2,259.7,526.4,269.2],\"lines\":[{\"bbox\":[502.2,259.7,526.4,269.2],\"text\":\"(99.3)\"}],\"order\":23,\"text\":\"(99.3)\"},{\"bbox\":[417.1,288.4,441.4,297.8],\"lines\":[{\"bbox\":[417.1,288.4,441.4,297.8],\"text\":\"(37.0)\"}],\"order\":24,\"text\":\"(37.0)\"},{\"bbox\":[460.4,288.0,478.0,297.3],\"lines\":[{\"bbox\":[460.4,288.0,478.0,297.3],\"text\":\"13.7\"}],\"order\":25,\"text\":\"13.7\"},{\"bbox\":[502.5,287.4,526.7,296.9],\"lines\":[{\"bbox\":[502.5,287.4,526.7,296.9],\"text\":\"(23.3)\"}],\"order\":26,\"text\":\"(23.3)\"},{\"bbox\":[417.3,304.2,441.6,313.7],\"lines\":[{\"bbox\":[417.3,304.2,441.6,313.7],\"text\":\"(37.0)\"}],\"order\":27,\"text\":\"(37.0)\"},{\"bbox\":[460.6,303.8,478.2,313.2],\"lines\":[{\"bbox\":[460.6,303.8,478.2,313.2],\"text\":\"13.7\"}],\"order\":28,\"text\":\"13.7\"},{\"bbox\":[502.7,303.3,526.9,312.7],\"lines\":[{\"bbox\":[502.7,303.3,526.9,312.7],\"text\":\"(23.3)\"}],\"order\":29,\"text\":\"(23.3)\"},{\"bbox\":[426.0,332.0,438.7,353.1],\"lines\":[{\"bbox\":[426.0,332.0,438.6,341.3],\"text\":\"0.7\"},{\"bbox\":[426.1,343.8,438.7,353.1],\"text\":\"1.2\"}],\"order\":30,\"text\":\"0.7\\n1.2\"},{\"bbox\":[462.5,331.5,481.9,352.7],\"lines\":[{\"bbox\":[462.5,331.5,481.8,340.9],\"text\":\"(0.2)\"},{\"bbox\":[462.7,343.3,481.9,352.7],\"text\":\"(0.5)\"}],\"order\":31,\"text\":\"(0.2)\\n(0.5)\"},{\"bbox\":[511.3,331.0,524.1,352.2],\"lines\":[{\"bbox\":[511.3,331.0,523.9,340.3],\"text\":\"0.5\"},{\"bbox\":[511.5,342.9,524.1,352.2],\"text\":\"0.7\"}],\"order\":32,\"text\":\"0.5\\n0.7\"},{\"bbox\":[426.3,359.7,438.9,369.0],\"lines\":[{\"bbox\":[426.3,359.7,438.9,369.0],\"text\":\"1.9\"}],\"order\":33,\"text\":\"1.9\"},{\"bbox\":[462.8,359.2,482.1,368.6],\"lines\":[{\"bbox\":[462.8,359.2,482.1,368.6],\"text\":\"(0.7)\"}],\"order\":34,\"text\":\"(0.7)\"},{\"bbox\":[511.6,358.7,524.2,368.0],\"lines\":[{\"bbox\":[511.6,358.7,524.2,368.0],\"text\":\"1.2\"}],\"order\":35,\"text\":\"1.2\"},{\"bbox\":[408.1,375.5,442.4,385.0],\"lines\":[{\"bbox\":[408.1,375.5,442.4,385.0],\"text\":\"$ (92.8)\"}],\"order\":36,\"text\":\"$ (92.8)\"},{\"bbox\":[453.0,375.1,479.0,384.5],\"lines\":[{\"bbox\":[453.0,375.1,479.0,384.5],\"text\":\"$ 34.6\"}],\"order\":37,\"text\":\"$ 34.6\"},{\"bbox\":[493.5,374.5,527.7,384.1],\"lines\":[{\"bbox\":[493.5,374.5,527.7,384.1],\"text\":\"$ (58.2)\"}],\"order\":38,\"text\":\"$ (58.2)\"},{\"bbox\":[69.3,411.5,212.6,420.5],\"lines\":[{\"bbox\":[69.3,411.5,212.6,420.5],\"text\":\"Year ended December 31, 2012 (in millions)\"}],\"order\":39,\"text\":\"Year ended December 31, 2012 (in millions)\"},{\"bbox\":[413.1,400.9,439.5,416.6],\"lines\":[{\"bbox\":[413.3,400.9,439.1,408.6],\"text\":\"Pre-Tax\"},{\"bbox\":[413.2,408.9,439.5,416.6],\"text\":\"Amount\"}],\"order\":40,\"text\":\"Pre-Tax\\nAmount\"},{\"bbox\":[449.4,408.4,483.4,416.1],\"lines\":[{\"bbox\":[449.4,408.4,483.4,416.1],\"text\":\"Tax Effect\"}],\"order\":41,\"text\":\"Tax Effect\"},{\"bbox\":[493.2,399.9,525.4,415.6],\"lines\":[{\"bbox\":[493.2,399.9,525.3,407.6],\"text\":\"After-Tax\"},{\"bbox\":[496.2,408.0,522.5,415.6],\"text\":\"Amount\"}],\"order\":42,\"text\":\"After-Tax\\nAmount\"},{\"bbox\":[69.5,424.1,378.4,460.5],\"lines\":[{\"bbox\":[69.5,424.1,377.0,436.8],\"text\":\"Net actuarial gain or loss on pension plans and other postretirement benefits:\"},{\"bbox\":[89.6,437.4,252.2,448.4],\"text\":\"Net actuarial loss arising during the year\"},{\"bbox\":[89.7,447.8,378.4,460.3],\"text\":\"Reclassification adjustment for net actuarial loss included in net income\"}],\"order\":43,\"text\":\"Net actuarial gain or loss on pension plans and other postretirement benefits:\\nNet actuarial loss arising during the year\\nReclassification adjustment for net actuarial loss included in net income\"},{\"bbox\":[413.7,435.2,443.1,456.5],\"lines\":[{\"bbox\":[413.7,435.2,442.9,444.7],\"text\":\"$(22.5)\"},{\"bbox\":[427.2,447.1,439.8,456.4],\"text\":\"7.6\"}],\"order\":44,\"text\":\"$(22.5)\\n7.6\"},{\"bbox\":[456.2,434.8,480.6,456.0],\"lines\":[{\"bbox\":[456.2,434.8,477.2,444.2],\"text\":\"$ 8.9\"},{\"bbox\":[461.3,446.6,480.6,456.0],\"text\":\"(3.0)\"}],\"order\":45,\"text\":\"$ 8.9\\n(3.0)\"},{\"bbox\":[496.7,434.2,526.1,455.6],\"lines\":[{\"bbox\":[496.7,434.2,525.9,443.7],\"text\":\"$(13.6)\"},{\"bbox\":[510.1,446.1,522.7,455.4],\"text\":\"4.6\"}],\"order\":46,\"text\":\"$(13.6)\\n4.6\"},{\"bbox\":[419.0,462.9,443.2,472.3],\"lines\":[{\"bbox\":[419.0,462.9,443.2,472.3],\"text\":\"(14.9)\"}],\"order\":47,\"text\":\"(14.9)\"},{\"bbox\":[464.9,462.5,477.5,471.8],\"lines\":[{\"bbox\":[464.9,462.5,477.5,471.8],\"text\":\"5.9\"}],\"order\":48,\"text\":\"5.9\"},{\"bbox\":[507.0,461.9,526.2,471.3],\"lines\":[{\"bbox\":[507.0,461.9,526.2,471.3],\"text\":\"(9.0)\"}],\"order\":49,\"text\":\"(9.0)\"},{\"bbox\":[70.1,479.4,387.3,504.0],\"lines\":[{\"bbox\":[70.1,479.8,353.7,492.2],\"text\":\"Prior service credit on pension plans and other postretirement benefits:\"},{\"bbox\":[90.2,491.2,387.3,503.8],\"text\":\"Reclassification adjustment for prior service credit included in net income\"}],\"order\":50,\"text\":\"Prior service credit on pension plans and other postretirement benefits:\\nReclassification adjustment for prior service credit included in net income\"},{\"bbox\":[424.3,490.6,443.6,500.0],\"lines\":[{\"bbox\":[424.3,490.6,443.6,500.0],\"text\":\"(1.0)\"}],\"order\":51,\"text\":\"(1.0)\"},{\"bbox\":[465.2,490.2,477.8,499.5],\"lines\":[{\"bbox\":[465.2,490.2,477.8,499.5],\"text\":\"0.4\"}],\"order\":52,\"text\":\"0.4\"},{\"bbox\":[507.3,489.6,526.6,499.0],\"lines\":[{\"bbox\":[507.3,489.6,526.6,499.0],\"text\":\"(0.6)\"}],\"order\":53,\"text\":\"(0.6)\"},{\"bbox\":[70.4,507.0,394.9,543.6],\"lines\":[{\"bbox\":[70.4,508.2,287.8,519.9],\"text\":\"Transition obligation on other postretirement benefits:\"},{\"bbox\":[90.5,518.8,394.8,531.5],\"text\":\"Reclassification adjustment for transition obligation on other postretirement\"},{\"bbox\":[100.7,532.6,226.5,543.2],\"text\":\"benefits included in net income\"}],\"order\":54,\"text\":\"Transition obligation on other postretirement benefits:\\nReclassification adjustment for transition obligation on other postretirement\\nbenefits included in net income\"},{\"bbox\":[428.1,530.2,440.7,539.5],\"lines\":[{\"bbox\":[428.1,530.2,440.7,539.5],\"text\":\"0.3\"}],\"order\":55,\"text\":\"0.3\"},{\"bbox\":[462.3,529.8,481.6,539.1],\"lines\":[{\"bbox\":[462.3,529.8,481.6,539.1],\"text\":\"(0.1)\"}],\"order\":56,\"text\":\"(0.1)\"},{\"bbox\":[511.1,529.3,523.7,538.6],\"lines\":[{\"bbox\":[511.1,529.3,523.7,538.6],\"text\":\"0.2\"}],\"order\":57,\"text\":\"0.2\"},{\"bbox\":[110.9,547.0,361.7,559.0],\"lines\":[{\"bbox\":[110.9,547.0,361.7,559.0],\"text\":\"Net actuarial loss, prior service credit and transition obligation\"}],\"order\":58,\"text\":\"Net actuarial loss, prior service credit and transition 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(2.6)\"}],\"order\":74,\"text\":\"$ (2.6)\"},{\"bbox\":[458.8,660.4,479.8,669.8],\"lines\":[{\"bbox\":[458.8,660.4,479.8,669.8],\"text\":\"$ 1.5\"}],\"order\":75,\"text\":\"$ 1.5\"},{\"bbox\":[499.2,659.9,528.5,669.4],\"lines\":[{\"bbox\":[499.2,659.9,528.5,669.4],\"text\":\"$ (1.1)\"}],\"order\":76,\"text\":\"$ (1.1)\"},{\"bbox\":[106.4,164.8,177.8,174.7],\"lines\":[{\"bbox\":[106.4,164.8,177.8,174.7],\"text\":\"Net actuarial gain\"}],\"order\":77,\"text\":\"Net actuarial gain\"},{\"bbox\":[66.6,178.3,383.8,202.9],\"lines\":[{\"bbox\":[66.6,178.6,350.3,191.0],\"text\":\"Prior service credit on pension plans and other postretirement benefits:\"},{\"bbox\":[86.8,190.1,383.8,202.7],\"text\":\"Reclassification adjustment for prior service credit included in net income\"}],\"order\":78,\"text\":\"Prior service credit on pension plans and other postretirement benefits:\\nReclassification adjustment for prior service credit included in net income\"},{\"bbox\":[106.9,207.2,273.4,218.3],\"lines\":[{\"bbox\":[106.9,207.2,273.4,218.3],\"text\":\"Net actuarial gain and prior service credit\"}],\"order\":79,\"text\":\"Net actuarial gain and prior service credit\"},{\"bbox\":[67.1,222.2,353.0,258.3],\"lines\":[{\"bbox\":[67.1,222.5,319.6,234.6],\"text\":\"Net unrealized gains and losses on securities available for sale:\"},{\"bbox\":[87.3,234.6,298.5,246.2],\"text\":\"Net unrealized holding losses arising during the year\"},{\"bbox\":[87.4,245.9,353.0,258.1],\"text\":\"Unrealized holding losses on securities transferred during the year\"}],\"order\":80,\"text\":\"Net unrealized gains and losses on securities available for sale:\\nNet unrealized holding losses arising during the year\\nUnrealized holding losses on securities transferred during the year\"},{\"bbox\":[107.6,263.5,192.8,273.7],\"lines\":[{\"bbox\":[107.6,263.5,192.8,273.7],\"text\":\"Net unrealized losses\"}],\"order\":81,\"text\":\"Net unrealized losses\"},{\"bbox\":[67.8,277.3,372.1,301.8],\"lines\":[{\"bbox\":[67.8,277.3,372.0,290.0],\"text\":\"Net unrealized gains and losses on securities transferred to held to maturity:\"},{\"bbox\":[87.9,289.4,353.5,301.6],\"text\":\"Unrealized holding losses on securities transferred during the year\"}],\"order\":82,\"text\":\"Net unrealized gains and losses on securities transferred to held to maturity:\\nUnrealized holding losses on securities transferred during the year\"},{\"bbox\":[108.1,307.1,193.3,317.2],\"lines\":[{\"bbox\":[108.1,307.1,193.3,317.2],\"text\":\"Net unrealized losses\"}],\"order\":83,\"text\":\"Net unrealized losses\"},{\"bbox\":[68.3,320.6,395.7,357.2],\"lines\":[{\"bbox\":[68.3,320.6,395.5,333.5],\"text\":\"Net unrealized gains and losses on derivatives accounted for as cash flow hedges:\"},{\"bbox\":[88.4,334.0,263.8,345.2],\"text\":\"Net unrealized gains arising during the year\"},{\"bbox\":[88.5,344.5,382.8,357.0],\"text\":\"Reclassification adjustment for net realized losses included in net income\"}],\"order\":84,\"text\":\"Net unrealized gains and losses on derivatives accounted for as cash flow hedges:\\nNet unrealized gains arising during the year\\nReclassification adjustment for net realized losses included in net income\"},{\"bbox\":[108.7,362.5,191.1,372.6],\"lines\":[{\"bbox\":[108.7,362.5,191.1,372.6],\"text\":\"Net unrealized gains\"}],\"order\":85,\"text\":\"Net unrealized gains\"},{\"bbox\":[108.9,377.9,234.5,388.5],\"lines\":[{\"bbox\":[108.9,377.9,234.5,388.5],\"text\":\"Total other comprehensive loss\"}],\"order\":86,\"text\":\"Total other comprehensive loss\"},{\"bbox\":[109.9,465.9,179.6,475.9],\"lines\":[{\"bbox\":[109.9,465.9,179.6,475.9],\"text\":\"Net actuarial loss\"}],\"order\":87,\"text\":\"Net actuarial loss\"},{\"bbox\":[71.0,563.3,323.6,587.2],\"lines\":[{\"bbox\":[71.0,563.3,323.5,575.3],\"text\":\"Net unrealized gains and losses on securities available for sale:\"},{\"bbox\":[91.2,575.4,299.6,586.9],\"text\":\"Net unrealized holding gains arising during the year\"}],\"order\":88,\"text\":\"Net unrealized gains and losses on securities available for sale:\\nNet unrealized holding gains arising during the year\"},{\"bbox\":[111.4,592.5,193.8,602.6],\"lines\":[{\"bbox\":[111.4,592.5,193.8,602.6],\"text\":\"Net unrealized gains\"}],\"order\":89,\"text\":\"Net unrealized gains\"},{\"bbox\":[71.5,606.0,399.0,642.6],\"lines\":[{\"bbox\":[71.5,606.0,398.7,618.9],\"text\":\"Net unrealized gains and losses on derivatives accounted for as cash flow hedges:\"},{\"bbox\":[91.7,619.3,269.8,630.5],\"text\":\"Net unrealized losses arising during the year\"},{\"bbox\":[91.8,629.8,386.1,642.3],\"text\":\"Reclassification adjustment for net realized losses included in net income\"}],\"order\":90,\"text\":\"Net unrealized gains and losses on derivatives accounted for as cash flow hedges:\\nNet unrealized losses arising during the year\\nReclassification adjustment for net realized losses included in net income\"},{\"bbox\":[112.0,647.8,197.2,658.0],\"lines\":[{\"bbox\":[112.0,647.8,197.2,658.0],\"text\":\"Net unrealized losses\"}],\"order\":91,\"text\":\"Net unrealized losses\"},{\"bbox\":[112.2,663.2,237.7,673.8],\"lines\":[{\"bbox\":[112.2,663.2,237.7,673.8],\"text\":\"Total other comprehensive loss\"}],\"order\":92,\"text\":\"Total other comprehensive loss\"},{\"bbox\":[291.2,703.9,310.2,713.3],\"lines\":[{\"bbox\":[291.2,703.9,310.2,713.3],\"text\":\"F-60\"}],\"order\":93,\"text\":\"F-60\"}],\"doc\":\"fintabnet:PBCT_2014\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"People’s United Financial, Inc. and Subsidiaries\\nNotes to Consolidated Financial Statements\\n\\nYear ended December 31, 2013 (in millions)\\n\\nPre-Tax\\nAmount\\n\\nTax Effect\\n\\nAfter-Tax\\nAmount\\n\\nNet actuarial gain or loss on pension plans and other postretirement benefits:\\nNet actuarial gain arising during the year\\nReclassification adjustment for net actuarial loss included in net income\\n\\n$ 92.0\\n8.8\\n\\n$(33.7)\\n(3.2)\\n\\n$ 58.3\\n5.6\\n\\n100.8\\n\\n(36.9)\\n\\n63.9\\n\\n(1.1)\\n\\n0.4\\n\\n(0.7)\\n\\n99.7\\n\\n(36.5)\\n\\n63.2\\n\\n(194.4)\\n37.0\\n\\n58.1\\n—\\n\\n(136.3)\\n37.0\\n\\n(157.4)\\n\\n58.1\\n\\n(99.3)\\n\\n(37.0)\\n\\n13.7\\n\\n(23.3)\\n\\n(37.0)\\n\\n13.7\\n\\n(23.3)\\n\\n0.7\\n1.2\\n\\n(0.2)\\n(0.5)\\n\\n0.5\\n0.7\\n\\n1.9\\n\\n(0.7)\\n\\n1.2\\n\\n$ (92.8)\\n\\n$ 34.6\\n\\n$ (58.2)\\n\\nYear ended December 31, 2012 (in millions)\\n\\nPre-Tax\\nAmount\\n\\nTax Effect\\n\\nAfter-Tax\\nAmount\\n\\nNet actuarial gain or loss on pension plans and other postretirement benefits:\\nNet actuarial loss arising during the year\\nReclassification adjustment for net actuarial loss included in net income\\n\\n$(22.5)\\n7.6\\n\\n$ 8.9\\n(3.0)\\n\\n$(13.6)\\n4.6\\n\\n(14.9)\\n\\n5.9\\n\\n(9.0)\\n\\nPrior service credit on pension plans and other postretirement benefits:\\nReclassification adjustment for prior service credit included in net income\\n\\n(1.0)\\n\\n0.4\\n\\n(0.6)\\n\\nTransition obligation on other postretirement benefits:\\nReclassification adjustment for transition obligation on other postretirement\\nbenefits included in net income\\n\\n0.3\\n\\n(0.1)\\n\\n0.2\\n\\nNet actuarial loss, prior service credit and transition obligation\\n\\n(15.6)\\n\\n6.2\\n\\n(9.4)\\n\\n15.1\\n\\n(5.5)\\n\\n9.6\\n\\n15.1\\n\\n(5.5)\\n\\n9.6\\n\\n(3.1)\\n1.0\\n\\n1.1\\n(0.3)\\n\\n(2.0)\\n0.7\\n\\n(2.1)\\n\\n0.8\\n\\n(1.3)\\n\\n$ (2.6)\\n\\n$ 1.5\\n\\n$ (1.1)\\n\\nNet actuarial gain\\n\\nPrior service credit on pension plans and other postretirement benefits:\\nReclassification adjustment for prior service credit included in net income\\n\\nNet actuarial gain and prior service credit\\n\\nNet unrealized gains and losses on securities available for sale:\\nNet unrealized holding losses arising during the year\\nUnrealized holding losses on securities transferred during the year\\n\\nNet 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loss\\n\\nF-60\"},\"name\":\"fintabnet.PBCT_2014_page_154__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":92222,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:PBCT_2014\",\"dpi\":72,\"gt_sha256\":\"7f89fde1573776ef7820908f363dcd0634c2978d72b64c4d1677df98136a623d\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PBCT_2014_page_154__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.PBCT_2014_page_154\",\"pdf_sha256\":\"e4c6ab2917c70b47a0ac51f084be789edda7b00520c33abf7b43630c1278b2c0\",\"px\":[594,774],\"scan\":{\"render\":\"000007e03e1c3fdc3f9c3f943f9c3e1c3c1c1e1c3fc01f9c3f101e1c00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"PBCT_2014_page_154\",\"src\":{\"file_sha256\":\"026c16b2313df277d3f3f1a702fbb1712f2a4f0a3bf59fa93f586c5967d31b27\",\"render\":\"000007e03e1c3fdc3f9c3fdc3fdc1e1c3c1c3e1c3fc03f9c3f1c1c1c00000000\",\"text\":\"afc18612e11fb74ac968b7f761ec878f6bb9b115fc06a5f2b49383043e216f32\"},\"stack\":[{\"deg\":0.657,\"op\":\"skew\"},{\"gain\":0.912,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":89}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e4c6ab2917c70b47a0ac51f084be789edda7b00520c33abf7b43630c1278b2c0\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e4c6ab2917c70b47a0ac51f084be789edda7b00520c33abf7b43630c1278b2c0.pdf","asset_sha256":"e4c6ab2917c70b47a0ac51f084be789edda7b00520c33abf7b43630c1278b2c0","document_id":"fintabnet:PBCT_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PBCT_2014_page_154\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PCAR_2014_page_78\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PCAR_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[298.4,196.2,497.6,252.6],\"lines\":[{\"bbox\":[298.4,196.2,497.6,252.6],\"text\":\"NOTES\"}],\"order\":0,\"text\":\"NOTES\"},{\"bbox\":[537.3,191.9,612.1,243.5],\"lines\":[{\"bbox\":[537.3,191.9,612.1,243.5],\"text\":\"T O\"}],\"order\":1,\"text\":\"T O\"},{\"bbox\":[651.7,171.6,1143.3,239.1],\"lines\":[{\"bbox\":[651.7,171.6,1143.3,239.1],\"text\":\"C O NS O LI DATE D\"}],\"order\":2,\"text\":\"C O NS O LI DATE D\"},{\"bbox\":[1183.0,156.9,1528.9,218.9],\"lines\":[{\"bbox\":[1183.0,156.9,1528.9,218.9],\"text\":\"FI N A N CI A L\"}],\"order\":3,\"text\":\"FI N A N CI A L\"},{\"bbox\":[1568.6,140.2,1968.4,204.2],\"lines\":[{\"bbox\":[1568.6,140.2,1968.4,204.2],\"text\":\"S TAT E M E N T S\"}],\"order\":4,\"text\":\"S TAT E M E N T S\"},{\"bbox\":[163.1,289.6,1019.2,357.5],\"lines\":[{\"bbox\":[163.1,289.6,1019.2,357.5],\"text\":\"December 31, 2014, 2013 and 2012 (currencies in millions)\"}],\"order\":5,\"text\":\"December 31, 2014, 2013 and 2012 (currencies in millions)\"},{\"bbox\":[12.9,470.2,41.6,502.4],\"lines\":[{\"bbox\":[12.9,470.2,41.6,502.4],\"text\":\"76\"}],\"order\":6,\"text\":\"76\"},{\"bbox\":[168.1,443.0,462.1,487.6],\"lines\":[{\"bbox\":[168.1,443.0,462.1,487.6],\"text\":\"M . I N C O M E TA X E S\"}],\"order\":7,\"text\":\"M . I N C O M E TA X E S\"},{\"bbox\":[170.4,439.0,2136.6,906.0],\"lines\":[{\"bbox\":[170.4,444.7,1973.3,556.3],\"text\":\"The Company’s tax rate is based on income and statutory tax rates in the various jurisdictions in which the\"},{\"bbox\":[172.3,491.2,2066.3,606.3],\"text\":\"Company operates. Tax law requires certain items to be included in the Company’s tax returns at different times\"},{\"bbox\":[174.2,539.6,2110.6,656.2],\"text\":\"than the items reflected in the Company’s financial statements. As a result, the Company’s annual tax rate reflected\"},{\"bbox\":[176.1,588.9,2128.9,706.2],\"text\":\"in its financial statements is different than that reported in its tax returns. Some of these differences are permanent,\"},{\"bbox\":[178.0,640.0,2100.6,756.1],\"text\":\"such as expenses that are not deductible in the Company’s tax return, and some differences reverse over time, such\"},{\"bbox\":[179.9,693.4,2011.7,806.1],\"text\":\"as depreciation expense. These temporary differences create deferred tax assets and liabilities. The Company\"},{\"bbox\":[181.8,740.5,2088.9,856.0],\"text\":\"establishes valuation allowances for its deferred tax assets if, based on the available evidence, it is more likely than\"},{\"bbox\":[183.7,815.9,1425.1,906.0],\"text\":\"not that some portion or all of the deferred tax assets will not be realized.\"}],\"order\":8,\"text\":\"The Company’s tax rate is based on income and statutory tax rates in the various jurisdictions in which the\\nCompany operates. Tax law requires certain items to be included in the Company’s tax returns at different times\\nthan the items reflected in the Company’s financial statements. As a result, the Company’s annual tax rate reflected\\nin its financial statements is different than that reported in its tax returns. Some of these differences are permanent,\\nsuch as expenses that are not deductible in the Company’s tax return, and some differences reverse over time, such\\nas depreciation expense. These temporary differences create deferred tax assets and liabilities. The Company\\nestablishes valuation allowances for its deferred tax assets if, based on the available evidence, it is more likely than\\nnot that some portion or all of the deferred tax assets will not be realized.\"},{\"bbox\":[187.4,903.1,1630.1,1001.0],\"lines\":[{\"bbox\":[187.4,903.1,1630.1,1001.0],\"text\":\"The components of the Company’s income before income taxes include the following:\"}],\"order\":9,\"text\":\"The components of the Company’s income before income taxes include the following:\"},{\"bbox\":[190.6,1028.6,546.5,1077.5],\"lines\":[{\"bbox\":[190.6,1028.6,546.5,1077.5],\"text\":\"Year Ended December 31,\"}],\"order\":10,\"text\":\"Year Ended December 31,\"},{\"bbox\":[1442.4,991.3,1510.1,1029.8],\"lines\":[{\"bbox\":[1442.4,991.3,1510.1,1029.8],\"text\":\"2014\"}],\"order\":11,\"text\":\"2014\"},{\"bbox\":[1759.6,979.8,1826.4,1017.7],\"lines\":[{\"bbox\":[1759.6,979.8,1826.4,1017.7],\"text\":\"2013\"}],\"order\":12,\"text\":\"2013\"},{\"bbox\":[2068.2,968.0,2135.0,1005.9],\"lines\":[{\"bbox\":[2068.2,968.0,2135.0,1005.9],\"text\":\"2012\"}],\"order\":13,\"text\":\"2012\"},{\"bbox\":[192.6,1010.3,2425.5,1247.0],\"lines\":[{\"bbox\":[192.6,1089.9,352.0,1138.8],\"text\":\"Domestic\"},{\"bbox\":[1349.6,1044.9,1513.5,1094.7],\"text\":\"$ 1,267.3\"},{\"bbox\":[1662.1,1033.7,1825.3,1082.8],\"text\":\"$ 827.0\"},{\"bbox\":[1974.3,1021.8,2137.6,1070.9],\"text\":\"$ 786.6\"},{\"bbox\":[194.6,1061.0,2423.3,1188.8],\"text\":\"Foreign\\t\\t\"},{\"bbox\":[1423.9,1071.1,2139.5,1141.9],\"text\":\"750.3 \\t\\t 868.0 \\t\\t 842.3\"},{\"bbox\":[196.8,1200.1,303.9,1247.0],\"text\":\"\\t\\t\"},{\"bbox\":[1353.7,1153.1,1517.7,1202.9],\"text\":\"$ 2,017.6\"},{\"bbox\":[1666.2,1142.0,1829.5,1191.0],\"text\":\"$ 1,695.0\"},{\"bbox\":[1978.5,1130.1,2141.7,1179.1],\"text\":\"$ 1,628.9\"}],\"order\":14,\"text\":\"Domestic\\n$ 1,267.3\\n$ 827.0\\n$ 786.6\\nForeign\\t\\t\\n750.3 \\t\\t 868.0 \\t\\t 842.3\\n\\t\\t\\n$ 2,017.6\\n$ 1,695.0\\n$ 1,628.9\"},{\"bbox\":[200.7,1253.3,1622.6,1350.3],\"lines\":[{\"bbox\":[200.7,1253.3,1622.6,1350.3],\"text\":\"The components of the Company’s provision for income taxes include the following:\"}],\"order\":15,\"text\":\"The components of the Company’s provision for income taxes include the following:\"},{\"bbox\":[203.9,1377.9,559.8,1426.8],\"lines\":[{\"bbox\":[203.9,1377.9,559.8,1426.8],\"text\":\"Year Ended December 31,\"}],\"order\":16,\"text\":\"Year Ended December 31,\"},{\"bbox\":[1455.7,1340.6,1523.4,1379.1],\"lines\":[{\"bbox\":[1455.7,1340.6,1523.4,1379.1],\"text\":\"2014\"}],\"order\":17,\"text\":\"2014\"},{\"bbox\":[1772.9,1329.1,1839.7,1367.0],\"lines\":[{\"bbox\":[1772.9,1329.1,1839.7,1367.0],\"text\":\"2013\"}],\"order\":18,\"text\":\"2013\"},{\"bbox\":[2081.5,1317.4,2148.3,1355.2],\"lines\":[{\"bbox\":[2081.5,1317.4,2148.3,1355.2],\"text\":\"2012\"}],\"order\":19,\"text\":\"2012\"},{\"bbox\":[205.9,1371.2,2171.0,2012.7],\"lines\":[{\"bbox\":[205.9,1433.4,517.4,1488.2],\"text\":\"Current provision:\"},{\"bbox\":[260.6,1488.6,382.6,1536.1],\"text\":\"Federal\"},{\"bbox\":[1364.8,1444.2,1528.8,1494.0],\"text\":\"$ 482.4\"},{\"bbox\":[1677.3,1433.0,1840.6,1482.1],\"text\":\"$ 191.4\"},{\"bbox\":[1989.6,1421.1,2152.8,1470.2],\"text\":\"$ 126.2\"},{\"bbox\":[262.5,1496.4,1490.7,1586.1],\"text\":\"State\\t\\t\"},{\"bbox\":[1459.1,1470.4,2154.8,1540.4],\"text\":\"59.0 \\t\\t 20.9 \\t\\t 31.5\"},{\"bbox\":[264.4,1520.3,2156.7,1636.0],\"text\":\"Foreign\\t\\t 215.4 \\t\\t 214.1 \\t\\t 207.9\"},{\"bbox\":[213.9,1578.6,2158.9,1696.3],\"text\":\"\\t\\t\\t 756.8 \\t\\t 426.4 \\t\\t 365.6\"},{\"bbox\":[215.8,1685.0,699.3,1746.3],\"text\":\"Deferred (benefit) provision:\"},{\"bbox\":[1779.9,1679.3,2162.7,1736.7],\"text\":\"68.8 \\t\\t 134.4\"},{\"bbox\":[270.4,1695.4,1720.2,1794.2],\"text\":\"Federal\\t\\t (88.3)\\t\\t\"},{\"bbox\":[272.4,1745.4,1722.1,1844.2],\"text\":\"State\\t\\t .3 \\t\\t\"},{\"bbox\":[1781.8,1734.2,2034.4,1786.6],\"text\":\"18.4 \\t\\t\"},{\"bbox\":[2113.8,1729.2,2164.6,1774.0],\"text\":\"9.5\"},{\"bbox\":[1783.7,1784.1,2036.3,1836.6],\"text\":\"10.1 \\t\\t\"},{\"bbox\":[2115.7,1779.2,2166.5,1823.9],\"text\":\"7.8\"},{\"bbox\":[274.3,1795.3,1724.0,1894.1],\"text\":\"Foreign\\t\\t (10.0)\\t\\t\"},{\"bbox\":[223.8,1853.6,1726.2,1954.4],\"text\":\"\\t\\t\\t (98.0)\\t\\t\"},{\"bbox\":[1785.9,1837.5,2168.8,1894.9],\"text\":\"97.3 \\t\\t 151.7\"},{\"bbox\":[226.0,1965.8,333.1,2012.7],\"text\":\"\\t\\t\"},{\"bbox\":[1382.9,1918.8,1546.9,1968.6],\"text\":\"$ 658.8\"},{\"bbox\":[1695.5,1907.6,1858.7,1956.7],\"text\":\"$ 523.7\"},{\"bbox\":[2007.7,1895.7,2170.9,1944.8],\"text\":\"$ 517.3\"}],\"order\":20,\"text\":\"Current provision:\\nFederal\\n$ 482.4\\n$ 191.4\\n$ 126.2\\nState\\t\\t\\n59.0 \\t\\t 20.9 \\t\\t 31.5\\nForeign\\t\\t 215.4 \\t\\t 214.1 \\t\\t 207.9\\n\\t\\t\\t 756.8 \\t\\t 426.4 \\t\\t 365.6\\nDeferred (benefit) provision:\\n68.8 \\t\\t 134.4\\nFederal\\t\\t (88.3)\\t\\t\\nState\\t\\t .3 \\t\\t\\n18.4 \\t\\t\\n9.5\\n10.1 \\t\\t\\n7.8\\nForeign\\t\\t (10.0)\\t\\t\\n\\t\\t\\t (98.0)\\t\\t\\n97.3 \\t\\t 151.7\\n\\t\\t\\n$ 658.8\\n$ 523.7\\n$ 517.3\"},{\"bbox\":[229.9,2001.7,2105.9,2165.9],\"lines\":[{\"bbox\":[229.9,2001.7,2104.0,2116.0],\"text\":\"Tax benefits recognized for net operating loss carryforwards were $16.0, $4.5 and $3.2 for the years ended 2014,\"},{\"bbox\":[231.8,2105.3,697.5,2165.9],\"text\":\"2013 and 2012, respectively.\"}],\"order\":21,\"text\":\"Tax benefits recognized for net operating loss carryforwards were $16.0, $4.5 and $3.2 for the years ended 2014,\\n2013 and 2012, respectively.\"},{\"bbox\":[235.4,2155.8,1867.5,2260.9],\"lines\":[{\"bbox\":[235.4,2155.8,1867.5,2260.9],\"text\":\"A reconciliation of the statutory U.S. federal tax rate to the effective income tax rate is as follows:\"}],\"order\":22,\"text\":\"A reconciliation of the statutory U.S. federal tax rate to the effective income tax rate is as follows:\"},{\"bbox\":[1494.6,2251.0,1562.3,2289.6],\"lines\":[{\"bbox\":[1494.6,2251.0,1562.3,2289.6],\"text\":\"2014\"}],\"order\":23,\"text\":\"2014\"},{\"bbox\":[1807.6,2239.8,1874.4,2277.6],\"lines\":[{\"bbox\":[1807.6,2239.8,1874.4,2277.6],\"text\":\"2013\"}],\"order\":24,\"text\":\"2013\"},{\"bbox\":[240.6,2291.6,1919.6,2706.8],\"lines\":[{\"bbox\":[240.6,2310.6,1430.8,2398.8],\"text\":\"Statutory rate \\t\\t\"},{\"bbox\":[1490.0,2297.9,1743.0,2351.1],\"text\":\"35.0%\\t\\t\"},{\"bbox\":[1802.7,2292.4,1907.8,2339.2],\"text\":\"35.0%\"},{\"bbox\":[242.5,2400.1,394.3,2448.7],\"text\":\"Effect of:\"},{\"bbox\":[297.2,2397.8,1747.2,2496.7],\"text\":\"State\\t\\t 2.0 \\t\\t\"},{\"bbox\":[1826.3,2393.6,1877.2,2438.4],\"text\":\"1.3\"},{\"bbox\":[299.1,2460.4,1436.5,2546.6],\"text\":\"Federal domestic production deduction\\t\\t\"},{\"bbox\":[1501.4,2447.8,1749.1,2500.8],\"text\":\"(1.8) \\t\\t\"},{\"bbox\":[1832.6,2443.0,1894.4,2488.2],\"text\":\"(.9)\"},{\"bbox\":[301.0,2510.4,1438.4,2596.6],\"text\":\"Tax on foreign earnings\\t\\t\"},{\"bbox\":[1503.3,2497.8,1750.7,2550.8],\"text\":\"(1.6) \\t\\t\"},{\"bbox\":[1814.8,2492.9,1896.3,2538.9],\"text\":\"(3.8)\"},{\"bbox\":[302.9,2560.4,1440.3,2646.5],\"text\":\"Other, net\\t\\t\"},{\"bbox\":[1525.2,2547.7,1752.9,2599.9],\"text\":\"(.9) \\t\\t\"},{\"bbox\":[1836.5,2542.9,1898.2,2588.1],\"text\":\"(.7)\"},{\"bbox\":[252.4,2659.9,359.5,2706.8],\"text\":\"\\t\\t\"},{\"bbox\":[1501.7,2599.7,1919.6,2659.2],\"text\":\"32.7%\\t\\t 30.9%\"}],\"order\":25,\"text\":\"Statutory rate \\t\\t\\n35.0%\\t\\t\\n35.0%\\nEffect of:\\nState\\t\\t 2.0 \\t\\t\\n1.3\\nFederal domestic production deduction\\t\\t\\n(1.8) \\t\\t\\n(.9)\\nTax on foreign earnings\\t\\t\\n(1.6) \\t\\t\\n(3.8)\\nOther, net\\t\\t\\n(.9) \\t\\t\\n(.7)\\n\\t\\t\\n32.7%\\t\\t 30.9%\"},{\"bbox\":[2116.3,2228.0,2183.0,2265.9],\"lines\":[{\"bbox\":[2116.3,2228.0,2183.0,2265.9],\"text\":\"2012\"}],\"order\":26,\"text\":\"2012\"},{\"bbox\":[2109.8,2280.7,2214.9,2327.5],\"lines\":[{\"bbox\":[2109.8,2280.7,2214.9,2327.5],\"text\":\"35.0%\"}],\"order\":27,\"text\":\"35.0%\"},{\"bbox\":[2113.6,2380.6,2226.7,2635.6],\"lines\":[{\"bbox\":[2133.7,2381.9,2184.6,2426.7],\"text\":\"1.4\"},{\"bbox\":[2138.7,2431.3,2200.4,2476.5],\"text\":\"(.9)\"},{\"bbox\":[2123.0,2481.2,2204.5,2527.1],\"text\":\"(3.1)\"},{\"bbox\":[2142.2,2531.2,2204.0,2576.4],\"text\":\"(.6)\"},{\"bbox\":[2121.5,2588.7,2226.7,2635.6],\"text\":\"31.8%\"}],\"order\":28,\"text\":\"1.4\\n(.9)\\n(3.1)\\n(.6)\\n31.8%\"},{\"bbox\":[256.3,2694.7,2164.1,2910.0],\"lines\":[{\"bbox\":[256.3,2696.3,2117.1,2810.1],\"text\":\"The Company has not provided a deferred tax liability for the temporary differences of approximately $4,100.0\"},{\"bbox\":[258.2,2744.7,2162.2,2860.1],\"text\":\"related to the investments in foreign subsidiaries that are considered to be indefinitely reinvested. The amount of\"},{\"bbox\":[260.1,2814.9,1631.9,2910.0],\"text\":\"the deferred tax liability would be approximately $400.0 as of December 31, 2014.\"}],\"order\":29,\"text\":\"The Company has not provided a deferred tax liability for the temporary differences of approximately $4,100.0\\nrelated to the investments in foreign subsidiaries that are considered to be indefinitely reinvested. The amount of\\nthe deferred tax liability would be approximately $400.0 as of December 31, 2014.\"},{\"bbox\":[263.7,2889.3,2177.5,3104.9],\"lines\":[{\"bbox\":[263.7,2890.4,2146.2,3005.0],\"text\":\"Included in domestic taxable income for 2014, 2013 and 2012 are $249.0, $241.7 and $256.0 of foreign earnings,\"},{\"bbox\":[265.6,2939.3,2175.6,3054.9],\"text\":\"respectively, which are not indefinitely reinvested, for which domestic taxes of $18.6, $19.5 and $22.1, respectively,\"},{\"bbox\":[267.6,2995.0,2027.9,3104.9],\"text\":\"were provided to account for the difference between the domestic and foreign tax rate on those earnings.\"}],\"order\":30,\"text\":\"Included in domestic taxable income for 2014, 2013 and 2012 are $249.0, $241.7 and $256.0 of foreign earnings,\\nrespectively, which are not indefinitely reinvested, for which domestic taxes of $18.6, $19.5 and $22.1, respectively,\\nwere provided to account for the difference between the domestic and foreign tax rate on those earnings.\"}],\"doc\":\"fintabnet:PCAR_2014\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"NOTES\\n\\nT O\\n\\nC O NS O LI DATE D\\n\\nFI N A N CI A L\\n\\nS TAT E M E N T S\\n\\nDecember 31, 2014, 2013 and 2012 (currencies in millions)\\n\\n76\\n\\nM . I N C O M E TA X E S\\n\\nThe Company’s tax rate is based on income and statutory tax rates in the various jurisdictions in which the\\nCompany operates. Tax law requires certain items to be included in the Company’s tax returns at different times\\nthan the items reflected in the Company’s financial statements. As a result, the Company’s annual tax rate reflected\\nin its financial statements is different than that reported in its tax returns. Some of these differences are permanent,\\nsuch as expenses that are not deductible in the Company’s tax return, and some differences reverse over time, such\\nas depreciation expense. These temporary differences create deferred tax assets and liabilities. The Company\\nestablishes valuation allowances for its deferred tax assets if, based on the available evidence, it is more likely than\\nnot that some portion or all of the deferred tax assets will not be realized.\\n\\nThe components of the Company’s income before income taxes include the following:\\n\\nYear Ended December 31,\\n\\n2014\\n\\n2013\\n\\n2012\\n\\nDomestic\\n$ 1,267.3\\n$ 827.0\\n$ 786.6\\nForeign\\t\\t\\n750.3 \\t\\t 868.0 \\t\\t 842.3\\n\\t\\t\\n$ 2,017.6\\n$ 1,695.0\\n$ 1,628.9\\n\\nThe components of the Company’s provision for income taxes include the following:\\n\\nYear Ended December 31,\\n\\n2014\\n\\n2013\\n\\n2012\\n\\nCurrent provision:\\nFederal\\n$ 482.4\\n$ 191.4\\n$ 126.2\\nState\\t\\t\\n59.0 \\t\\t 20.9 \\t\\t 31.5\\nForeign\\t\\t 215.4 \\t\\t 214.1 \\t\\t 207.9\\n\\t\\t\\t 756.8 \\t\\t 426.4 \\t\\t 365.6\\nDeferred (benefit) provision:\\n68.8 \\t\\t 134.4\\nFederal\\t\\t (88.3)\\t\\t\\nState\\t\\t .3 \\t\\t\\n18.4 \\t\\t\\n9.5\\n10.1 \\t\\t\\n7.8\\nForeign\\t\\t (10.0)\\t\\t\\n\\t\\t\\t (98.0)\\t\\t\\n97.3 \\t\\t 151.7\\n\\t\\t\\n$ 658.8\\n$ 523.7\\n$ 517.3\\n\\nTax benefits recognized for net operating loss carryforwards were $16.0, $4.5 and $3.2 for the years ended 2014,\\n2013 and 2012, respectively.\\n\\nA reconciliation of the statutory U.S. federal tax rate to the effective income tax rate is as follows:\\n\\n2014\\n\\n2013\\n\\nStatutory rate \\t\\t\\n35.0%\\t\\t\\n35.0%\\nEffect of:\\nState\\t\\t 2.0 \\t\\t\\n1.3\\nFederal domestic production deduction\\t\\t\\n(1.8) \\t\\t\\n(.9)\\nTax on foreign earnings\\t\\t\\n(1.6) \\t\\t\\n(3.8)\\nOther, net\\t\\t\\n(.9) \\t\\t\\n(.7)\\n\\t\\t\\n32.7%\\t\\t 30.9%\\n\\n2012\\n\\n35.0%\\n\\n1.4\\n(.9)\\n(3.1)\\n(.6)\\n31.8%\\n\\nThe Company has not provided a deferred tax liability for the temporary differences of approximately $4,100.0\\nrelated to the investments in foreign subsidiaries that are considered to be indefinitely reinvested. The amount of\\nthe deferred tax liability would be approximately $400.0 as of December 31, 2014.\\n\\nIncluded in domestic taxable income for 2014, 2013 and 2012 are $249.0, $241.7 and $256.0 of foreign earnings,\\nrespectively, which are not indefinitely reinvested, for which domestic taxes of $18.6, $19.5 and $22.1, respectively,\\nwere provided to account for the difference between the domestic and foreign tax rate on those earnings.\",\"name\":\"fintabnet.PCAR_2014_page_78__300dpi_heavy\",\"page_id\":\"fintabnet.PCAR_2014_page_78\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.183,\"source\":\"fintabnet\",\"source_id\":\"PCAR_2014_page_78\",\"stack\":[{\"deg\":2.183,\"op\":\"skew\"},{\"amp\":0.235,\"angle\":120.9,\"blob\":0.258,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":5.331,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.895},{\"gain\":0.456,\"op\":\"contrast\"},{\"offset\":0.005,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[190.5,966.3,2226.7,2706.8],\"block_orders\":[10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28],\"cells\":null}],\"text\":\"NOTES\\n\\nT O\\n\\nC O NS O LI DATE D\\n\\nFI N A N CI A L\\n\\nS TAT E M E N T S\\n\\nDecember 31, 2014, 2013 and 2012 (currencies in millions)\\n\\n76\\n\\nM . I N C O M E TA X E S\\n\\nThe Company’s tax rate is based on income and statutory tax rates in the various jurisdictions in which the\\nCompany operates. Tax law requires certain items to be included in the Company’s tax returns at different times\\nthan the items reflected in the Company’s financial statements. As a result, the Company’s annual tax rate reflected\\nin its financial statements is different than that reported in its tax returns. Some of these differences are permanent,\\nsuch as expenses that are not deductible in the Company’s tax return, and some differences reverse over time, such\\nas depreciation expense. These temporary differences create deferred tax assets and liabilities. The Company\\nestablishes valuation allowances for its deferred tax assets if, based on the available evidence, it is more likely than\\nnot that some portion or all of the deferred tax assets will not be realized.\\n\\nThe components of the Company’s income before income taxes include the following:\\n\\nYear Ended December 31,\\n\\n2014\\n\\n2013\\n\\n2012\\n\\nDomestic\\n$ 1,267.3\\n$ 827.0\\n$ 786.6\\nForeign\\t\\t\\n750.3 \\t\\t 868.0 \\t\\t 842.3\\n\\t\\t\\n$ 2,017.6\\n$ 1,695.0\\n$ 1,628.9\\n\\nThe components of the Company’s provision for income taxes include the following:\\n\\nYear Ended December 31,\\n\\n2014\\n\\n2013\\n\\n2012\\n\\nCurrent provision:\\nFederal\\n$ 482.4\\n$ 191.4\\n$ 126.2\\nState\\t\\t\\n59.0 \\t\\t 20.9 \\t\\t 31.5\\nForeign\\t\\t 215.4 \\t\\t 214.1 \\t\\t 207.9\\n\\t\\t\\t 756.8 \\t\\t 426.4 \\t\\t 365.6\\nDeferred (benefit) provision:\\n68.8 \\t\\t 134.4\\nFederal\\t\\t (88.3)\\t\\t\\nState\\t\\t .3 \\t\\t\\n18.4 \\t\\t\\n9.5\\n10.1 \\t\\t\\n7.8\\nForeign\\t\\t (10.0)\\t\\t\\n\\t\\t\\t (98.0)\\t\\t\\n97.3 \\t\\t 151.7\\n\\t\\t\\n$ 658.8\\n$ 523.7\\n$ 517.3\\n\\nTax benefits recognized for net operating loss carryforwards were $16.0, $4.5 and $3.2 for the years ended 2014,\\n2013 and 2012, respectively.\\n\\nA reconciliation of the statutory U.S. federal tax rate to the effective income tax rate is as follows:\\n\\n2014\\n\\n2013\\n\\nStatutory rate \\t\\t\\n35.0%\\t\\t\\n35.0%\\nEffect of:\\nState\\t\\t 2.0 \\t\\t\\n1.3\\nFederal domestic production deduction\\t\\t\\n(1.8) \\t\\t\\n(.9)\\nTax on foreign earnings\\t\\t\\n(1.6) \\t\\t\\n(3.8)\\nOther, net\\t\\t\\n(.9) \\t\\t\\n(.7)\\n\\t\\t\\n32.7%\\t\\t 30.9%\\n\\n2012\\n\\n35.0%\\n\\n1.4\\n(.9)\\n(3.1)\\n(.6)\\n31.8%\\n\\nThe Company has not provided a deferred tax liability for the temporary differences of approximately $4,100.0\\nrelated to the investments in foreign subsidiaries that are considered to be indefinitely reinvested. The amount of\\nthe deferred tax liability would be approximately $400.0 as of December 31, 2014.\\n\\nIncluded in domestic taxable income for 2014, 2013 and 2012 are $249.0, $241.7 and $256.0 of foreign earnings,\\nrespectively, which are not indefinitely reinvested, for which domestic taxes of $18.6, $19.5 and $22.1, respectively,\\nwere provided to account for the difference between the domestic and foreign tax rate on those earnings.\"},\"name\":\"fintabnet.PCAR_2014_page_78__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":332863,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:PCAR_2014\",\"dpi\":300,\"gt_sha256\":\"1983cdc480f16e61231646da3160e8efb49f6a00d0886d147f9e0a1ecf3181c3\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PCAR_2014_page_78__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.PCAR_2014_page_78\",\"pdf_sha256\":\"ed990338997c9940e7438ef2d32dc5446946d0cc166190cb29be3eead731fe45\",\"px\":[2550,3300],\"scan\":{\"render\":\"000030007ff87ff87fc060fc78406054605400fc7f00205430547ff87ffc0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"PCAR_2014_page_78\",\"src\":{\"file_sha256\":\"2c2a516f7dcf77067e225e42fcc6fce3b90b22d3176e0a538e0464635a8fd2dc\",\"render\":\"000000007ff87ff87fc07ffc7cc0205460407ffc300060547c547ff87ff80000\",\"text\":\"4b2bee8a973f9950d4dd82149ca9526b448cb06f482eb74db2f2e7e6a5612df7\"},\"stack\":[{\"deg\":2.183,\"op\":\"skew\"},{\"amp\":0.235,\"angle\":120.9,\"blob\":0.258,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":5.331,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":15.895},{\"gain\":0.456,\"op\":\"contrast\"},{\"offset\":0.005,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ed990338997c9940e7438ef2d32dc5446946d0cc166190cb29be3eead731fe45\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ed990338997c9940e7438ef2d32dc5446946d0cc166190cb29be3eead731fe45.pdf","asset_sha256":"ed990338997c9940e7438ef2d32dc5446946d0cc166190cb29be3eead731fe45","document_id":"fintabnet:PCAR_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PCAR_2014_page_78\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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F\"},{\"bbox\":[54.0,100.1,140.0,108.6],\"lines\":[{\"bbox\":[54.0,100.1,140.0,108.6],\"text\":\"Year Ended December 31,\"}],\"order\":4,\"text\":\"Year Ended December 31,\"},{\"bbox\":[365.5,40.2,403.8,51.9],\"lines\":[{\"bbox\":[365.5,40.2,403.8,51.9],\"text\":\"CA S H\"}],\"order\":5,\"text\":\"CA S H\"},{\"bbox\":[413.8,40.2,463.3,51.9],\"lines\":[{\"bbox\":[413.8,40.2,463.3,51.9],\"text\":\"FL O W S\"}],\"order\":6,\"text\":\"FL O W S\"},{\"bbox\":[378.0,99.9,393.7,108.6],\"lines\":[{\"bbox\":[378.0,99.9,393.7,108.6],\"text\":\"2017\"}],\"order\":7,\"text\":\"2017\"},{\"bbox\":[438.2,100.1,453.7,108.6],\"lines\":[{\"bbox\":[438.2,100.1,453.7,108.6],\"text\":\"2016\"}],\"order\":8,\"text\":\"2016\"},{\"bbox\":[498.2,100.1,513.7,108.6],\"lines\":[{\"bbox\":[498.2,100.1,513.7,108.6],\"text\":\"2015\"}],\"order\":9,\"text\":\"2015\"},{\"bbox\":[428.7,112.8,459.8,121.3],\"lines\":[{\"bbox\":[428.7,112.8,459.8,121.3],\"text\":\"(millions)\"}],\"order\":10,\"text\":\"(millions)\"},{\"bbox\":[54.0,125.3,143.6,133.3],\"lines\":[{\"bbox\":[54.0,125.3,143.6,133.3],\"text\":\"OPERATING ACTIVITIES:\"}],\"order\":11,\"text\":\"OPERATING ACTIVITIES:\"},{\"bbox\":[54.0,137.6,338.3,415.5],\"lines\":[{\"bbox\":[54.0,137.6,97.9,147.9],\"text\":\"Net Income\"},{\"bbox\":[54.0,150.3,313.2,160.6],\"text\":\"Adjustments to reconcile net income to cash provided by operations:\"},{\"bbox\":[68.4,163.1,193.4,173.4],\"text\":\"Depreciation and amortization:\"},{\"bbox\":[78.7,175.8,200.8,186.1],\"text\":\"Property, plant and equipment\"},{\"bbox\":[78.7,188.5,242.7,198.8],\"text\":\"Equipment on operating leases and other\"},{\"bbox\":[68.4,201.3,273.1,211.6],\"text\":\"Provision for losses on financial services receivables\"},{\"bbox\":[68.4,214.0,125.1,224.3],\"text\":\"Deferred taxes\"},{\"bbox\":[68.4,226.8,108.5,237.1],\"text\":\"Other, net\"},{\"bbox\":[54.0,239.5,141.3,249.8],\"text\":\"Pension contributions\"},{\"bbox\":[54.0,252.3,213.1,262.6],\"text\":\"Change in operating assets and liabilities:\"},{\"bbox\":[68.4,265.0,330.2,275.3],\"text\":\"(Increase) decrease in assets other than cash and cash equivalents:\"},{\"bbox\":[78.7,277.8,125.5,288.1],\"text\":\"Receivables:\"},{\"bbox\":[90.0,290.5,198.5,300.8],\"text\":\"Trade and other receivables\"},{\"bbox\":[90.0,303.2,234.4,313.5],\"text\":\"Wholesale receivables on new trucks\"},{\"bbox\":[90.0,316.0,338.3,326.3],\"text\":\"Sales-type finance leases and dealer direct loans on new trucks\"},{\"bbox\":[78.7,328.7,122.6,339.0],\"text\":\"Inventories\"},{\"bbox\":[78.7,341.5,144.1,351.8],\"text\":\"Other assets, net\"},{\"bbox\":[68.4,354.2,194.8,364.5],\"text\":\"Increase (decrease) in liabilities:\"},{\"bbox\":[78.7,367.0,235.4,377.3],\"text\":\"Accounts payable and accrued expenses\"},{\"bbox\":[78.7,379.7,270.4,390.0],\"text\":\"Residual value guarantees and deferred revenues\"},{\"bbox\":[78.7,392.5,157.6,402.8],\"text\":\"Other liabilities, net\"},{\"bbox\":[54.0,405.2,216.6,415.5],\"text\":\"Net Cash Provided by Operating Activities\"}],\"order\":12,\"text\":\"Net Income\\nAdjustments to reconcile net income to cash provided by operations:\\nDepreciation and amortization:\\nProperty, plant and equipment\\nEquipment on operating leases and other\\nProvision for losses on financial services receivables\\nDeferred taxes\\nOther, net\\nPension contributions\\nChange in operating assets and liabilities:\\n(Increase) decrease in assets 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2,016.4\"},{\"bbox\":[54.0,431.1,140.9,439.1],\"lines\":[{\"bbox\":[54.0,431.1,140.9,439.1],\"text\":\"INVESTING ACTIVITIES:\"}],\"order\":31,\"text\":\"INVESTING ACTIVITIES:\"},{\"bbox\":[54.0,443.4,321.5,568.4],\"lines\":[{\"bbox\":[54.0,443.4,269.1,453.7],\"text\":\"Originations of retail loans and direct financing leases\"},{\"bbox\":[54.0,456.2,265.5,466.5],\"text\":\"Collections on retail loans and direct financing leases\"},{\"bbox\":[54.0,468.9,321.5,479.2],\"text\":\"Net decrease (increase) in wholesale receivables on used equipment\"},{\"bbox\":[54.0,481.7,209.8,492.0],\"text\":\"Purchases of marketable debt securities\"},{\"bbox\":[54.0,494.4,309.6,504.7],\"text\":\"Proceeds from sales and maturities of marketable debt securities\"},{\"bbox\":[54.0,507.2,230.8,517.5],\"text\":\"Payments for property, plant and equipment\"},{\"bbox\":[54.0,519.9,238.8,530.2],\"text\":\"Acquisitions of equipment for operating leases\"},{\"bbox\":[54.0,532.6,170.4,542.9],\"text\":\"Proceeds from asset disposals\"},{\"bbox\":[54.0,545.4,94.1,555.7],\"text\":\"Other, net\"},{\"bbox\":[54.0,558.1,195.8,568.4],\"text\":\"Net Cash Used in Investing Activities\"}],\"order\":32,\"text\":\"Originations of retail loans and direct financing leases\\nCollections on retail loans and direct financing leases\\nNet decrease (increase) in wholesale receivables on used equipment\\nPurchases of marketable debt securities\\nProceeds from sales and maturities of marketable debt securities\\nPayments for property, plant and equipment\\nAcquisitions of equipment for operating leases\\nProceeds from asset disposals\\nOther, net\\nNet Cash Used in Investing Activities\"},{\"bbox\":[361.7,558.0,397.0,568.4],\"lines\":[{\"bbox\":[361.7,558.0,397.0,568.4],\"text\":\"(1,964.6)\"}],\"order\":33,\"text\":\"(1,964.6)\"},{\"bbox\":[54.0,584.0,143.0,592.1],\"lines\":[{\"bbox\":[54.0,584.0,143.0,592.1],\"text\":\"FINANCING ACTIVITIES:\"}],\"order\":34,\"text\":\"FINANCING ACTIVITIES:\"},{\"bbox\":[54.0,596.4,339.5,746.9],\"lines\":[{\"bbox\":[54.0,596.4,163.6,606.7],\"text\":\"Payments of cash dividends\"},{\"bbox\":[54.0,609.1,161.7,619.4],\"text\":\"Purchases of treasury stock\"},{\"bbox\":[54.0,621.8,243.2,632.1],\"text\":\"Proceeds from stock compensation transactions\"},{\"bbox\":[54.0,634.6,339.5,644.9],\"text\":\"Net increase (decrease) in commercial paper and short-term bank loans\"},{\"bbox\":[54.0,647.3,152.8,657.6],\"text\":\"Proceeds from term debt\"},{\"bbox\":[54.0,660.1,146.7,670.4],\"text\":\"Payments on term debt\"},{\"bbox\":[54.0,672.8,199.8,683.1],\"text\":\"Net Cash Used in Financing Activities\"},{\"bbox\":[54.0,685.6,210.9,695.9],\"text\":\"Effect of exchange rate changes on cash\"},{\"bbox\":[54.0,698.3,262.8,708.6],\"text\":\"Net Increase (Decrease) in Cash and Cash Equivalents\"},{\"bbox\":[54.0,711.1,240.4,721.4],\"text\":\"Cash and cash equivalents at beginning of year\"},{\"bbox\":[54.0,723.8,215.5,734.1],\"text\":\"Cash and cash equivalents at end of year\"},{\"bbox\":[54.0,736.6,229.9,746.9],\"text\":\"See notes to consolidated financial statements.\"}],\"order\":35,\"text\":\"Payments of cash dividends\\nPurchases of treasury stock\\nProceeds from stock compensation transactions\\nNet increase (decrease) in commercial paper and short-term bank loans\\nProceeds from term debt\\nPayments on term debt\\nNet Cash Used in Financing Activities\\nEffect of exchange rate changes on cash\\nNet Increase (Decrease) in Cash and Cash Equivalents\\nCash and cash equivalents at beginning of year\\nCash and cash equivalents at end of year\\nSee notes to consolidated financial statements.\"},{\"bbox\":[368.8,596.2,397.0,606.7],\"lines\":[{\"bbox\":[368.8,596.2,397.0,606.7],\"text\":\"(558.3)\"}],\"order\":36,\"text\":\"(558.3)\"},{\"bbox\":[352.9,621.7,397.0,734.1],\"lines\":[{\"bbox\":[377.0,621.7,393.6,632.1],\"text\":\"39.3\"},{\"bbox\":[372.2,634.4,393.6,644.9],\"text\":\"352.1\"},{\"bbox\":[365.1,647.2,393.6,657.6],\"text\":\"1,670.2\"},{\"bbox\":[361.7,659.9,397.0,670.4],\"text\":\"(1,897.1)\"},{\"bbox\":[368.8,672.7,397.0,683.1],\"text\":\"(393.8)\"},{\"bbox\":[377.0,685.4,393.6,695.9],\"text\":\"91.6\"},{\"bbox\":[372.2,698.1,393.6,708.6],\"text\":\"449.0\"},{\"bbox\":[365.1,710.9,393.6,721.4],\"text\":\"1,915.7\"},{\"bbox\":[352.9,723.6,393.6,734.1],\"text\":\"$ 2,364.7\"}],\"order\":37,\"text\":\"39.3\\n352.1\\n1,670.2\\n(1,897.1)\\n(393.8)\\n91.6\\n449.0\\n1,915.7\\n$ 2,364.7\"}],\"doc\":\"fintabnet:PCAR_2017\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"C O NS O LI DAT E D\\n\\n54\\n\\nS TAT E M E N T S\\n\\nO F\\n\\nYear Ended December 31,\\n\\nCA S H\\n\\nFL O W S\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n(millions)\\n\\nOPERATING ACTIVITIES:\\n\\nNet Income\\nAdjustments to reconcile net income to cash provided by operations:\\nDepreciation and amortization:\\nProperty, plant and equipment\\nEquipment on operating leases and other\\nProvision for losses on financial services receivables\\nDeferred taxes\\nOther, net\\nPension contributions\\nChange in operating assets and liabilities:\\n(Increase) decrease in assets other than cash and cash equivalents:\\nReceivables:\\nTrade and other receivables\\nWholesale receivables on new trucks\\nSales-type finance leases and dealer direct loans on new trucks\\nInventories\\nOther assets, net\\nIncrease (decrease) in liabilities:\\nAccounts payable and accrued expenses\\nResidual value guarantees and deferred revenues\\nOther liabilities, net\\nNet Cash Provided by Operating Activities\\n\\n$ 1,675.2\\n\\n$\\n\\n521.7\\n\\n$ 1,604.0\\n\\n321.4\\n786.1\\n22.3\\n(173.9)\\n43.6\\n(70.6)\\n\\n302.4\\n690.7\\n18.4\\n30.9\\n30.3\\n(185.7)\\n\\n292.2\\n614.9\\n12.4\\n(55.2)\\n46.6\\n(62.9)\\n\\n(207.2)\\n(272.0)\\n71.9\\n(149.9)\\n131.4\\n\\n(61.8)\\n401.6\\n116.1\\n64.1\\n41.0\\n\\n105.3\\n(273.4)\\n(6.6)\\n64.3\\n(125.1)\\n\\n333.6\\n166.3\\n37.6\\n2,715.8\\n\\n(8.6)\\n155.9\\n183.8\\n2,300.8\\n\\n(162.6)\\n242.0\\n260.1\\n2,556.0\\n\\n(3,116.8)\\n2,713.7\\n5.2\\n(970.3)\\n779.5\\n(423.4)\\n(1,423.2)\\n470.7\\n\\n(2,825.9)\\n2,509.8\\n9.5\\n(1,031.9)\\n1,304.8\\n(375.2)\\n(1,589.7)\\n433.8\\n.5\\n(1,564.3)\\n\\n(3,064.5)\\n2,681.9\\n(24.7)\\n(1,329.8)\\n1,035.5\\n(286.7)\\n(1,438.5)\\n448.8\\n3.1\\n(1,974.9)\\n\\n(829.3)\\n(70.5)\\n29.4\\n(322.8)\\n1,994.8\\n(1,625.1)\\n(823.5)\\n(13.7)\\n(100.7)\\n2,016.4\\n$ 1,915.7\\n\\n(680.5)\\n(201.6)\\n21.8\\n250.7\\n1,993.2\\n(1,580.1)\\n(196.5)\\n(105.8)\\n278.8\\n1,737.6\\n$ 2,016.4\\n\\nINVESTING ACTIVITIES:\\n\\nOriginations of retail loans and direct financing leases\\nCollections on retail loans and direct financing leases\\nNet decrease (increase) in wholesale receivables on used equipment\\nPurchases of marketable debt securities\\nProceeds from sales and maturities of marketable debt securities\\nPayments for property, plant and equipment\\nAcquisitions of equipment for operating leases\\nProceeds from asset disposals\\nOther, net\\nNet Cash Used in Investing Activities\\n\\n(1,964.6)\\n\\nFINANCING ACTIVITIES:\\n\\nPayments of cash dividends\\nPurchases of treasury stock\\nProceeds from stock compensation transactions\\nNet increase (decrease) in commercial paper and short-term bank loans\\nProceeds from term debt\\nPayments on term debt\\nNet Cash Used in Financing Activities\\nEffect of exchange rate changes on cash\\nNet Increase (Decrease) in Cash and Cash Equivalents\\nCash and cash equivalents at beginning of year\\nCash and cash equivalents at end of year\\nSee notes to consolidated financial statements.\\n\\n(558.3)\\n\\n39.3\\n352.1\\n1,670.2\\n(1,897.1)\\n(393.8)\\n91.6\\n449.0\\n1,915.7\\n$ 2,364.7\",\"name\":\"fintabnet.PCAR_2017_page_56__72dpi_none\",\"page_id\":\"fintabnet.PCAR_2017_page_56\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PCAR_2017_page_56\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[54.0,99.9,517.1,734.1],\"block_orders\":[4,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37],\"cells\":null}],\"text\":\"C O NS O LI DAT E D\\n\\n54\\n\\nS TAT E M E N T S\\n\\nO F\\n\\nYear Ended December 31,\\n\\nCA S H\\n\\nFL O W S\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n(millions)\\n\\nOPERATING ACTIVITIES:\\n\\nNet Income\\nAdjustments to reconcile net income to cash provided by operations:\\nDepreciation and amortization:\\nProperty, plant and equipment\\nEquipment on operating leases and other\\nProvision for losses on financial services receivables\\nDeferred taxes\\nOther, net\\nPension contributions\\nChange in operating assets and liabilities:\\n(Increase) decrease in assets other than cash and cash equivalents:\\nReceivables:\\nTrade and other receivables\\nWholesale receivables on new trucks\\nSales-type finance leases and dealer direct loans on new trucks\\nInventories\\nOther assets, net\\nIncrease (decrease) in liabilities:\\nAccounts payable and accrued expenses\\nResidual value guarantees and deferred revenues\\nOther liabilities, net\\nNet Cash Provided by Operating Activities\\n\\n$ 1,675.2\\n\\n$\\n\\n521.7\\n\\n$ 1,604.0\\n\\n321.4\\n786.1\\n22.3\\n(173.9)\\n43.6\\n(70.6)\\n\\n302.4\\n690.7\\n18.4\\n30.9\\n30.3\\n(185.7)\\n\\n292.2\\n614.9\\n12.4\\n(55.2)\\n46.6\\n(62.9)\\n\\n(207.2)\\n(272.0)\\n71.9\\n(149.9)\\n131.4\\n\\n(61.8)\\n401.6\\n116.1\\n64.1\\n41.0\\n\\n105.3\\n(273.4)\\n(6.6)\\n64.3\\n(125.1)\\n\\n333.6\\n166.3\\n37.6\\n2,715.8\\n\\n(8.6)\\n155.9\\n183.8\\n2,300.8\\n\\n(162.6)\\n242.0\\n260.1\\n2,556.0\\n\\n(3,116.8)\\n2,713.7\\n5.2\\n(970.3)\\n779.5\\n(423.4)\\n(1,423.2)\\n470.7\\n\\n(2,825.9)\\n2,509.8\\n9.5\\n(1,031.9)\\n1,304.8\\n(375.2)\\n(1,589.7)\\n433.8\\n.5\\n(1,564.3)\\n\\n(3,064.5)\\n2,681.9\\n(24.7)\\n(1,329.8)\\n1,035.5\\n(286.7)\\n(1,438.5)\\n448.8\\n3.1\\n(1,974.9)\\n\\n(829.3)\\n(70.5)\\n29.4\\n(322.8)\\n1,994.8\\n(1,625.1)\\n(823.5)\\n(13.7)\\n(100.7)\\n2,016.4\\n$ 1,915.7\\n\\n(680.5)\\n(201.6)\\n21.8\\n250.7\\n1,993.2\\n(1,580.1)\\n(196.5)\\n(105.8)\\n278.8\\n1,737.6\\n$ 2,016.4\\n\\nINVESTING ACTIVITIES:\\n\\nOriginations of retail loans and direct financing leases\\nCollections on retail loans and direct financing leases\\nNet decrease (increase) in wholesale receivables on used equipment\\nPurchases of marketable debt securities\\nProceeds from sales and maturities of marketable debt securities\\nPayments for property, plant and equipment\\nAcquisitions of equipment for operating leases\\nProceeds from asset disposals\\nOther, net\\nNet Cash Used in Investing Activities\\n\\n(1,964.6)\\n\\nFINANCING ACTIVITIES:\\n\\nPayments of cash dividends\\nPurchases of treasury stock\\nProceeds from stock compensation transactions\\nNet increase (decrease) in commercial paper and short-term bank loans\\nProceeds from term debt\\nPayments on term debt\\nNet Cash Used in Financing Activities\\nEffect of exchange rate changes on cash\\nNet Increase (Decrease) in Cash and Cash Equivalents\\nCash and cash equivalents at beginning of year\\nCash and cash equivalents at end of year\\nSee notes to consolidated financial statements.\\n\\n(558.3)\\n\\n39.3\\n352.1\\n1,670.2\\n(1,897.1)\\n(393.8)\\n91.6\\n449.0\\n1,915.7\\n$ 2,364.7\"},\"name\":\"fintabnet.PCAR_2017_page_56__72dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":45565,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PCAR_2017\",\"dpi\":72,\"gt_sha256\":\"2e72684efaef69bb2027ee7f8d30697bd1f22ab9925390604dc72729e7c19b5c\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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AOCI\"},{\"bbox\":[95.0,246.1,234.9,260.4],\"text\":\"Net other comprehensive\"},{\"bbox\":[109.3,263.8,184.7,278.1],\"text\":\"income (loss)\"},{\"bbox\":[75.0,281.5,251.5,295.8],\"text\":\"Balance at December 31, 2015\"}],\"order\":8,\"text\":\"Balance at January 1, 2015\\nRecorded into AOCI\\nReclassified out of AOCI\\nNet other comprehensive\\nincome (loss)\\nBalance at December 31, 2015\"},{\"bbox\":[307.0,193.0,313.5,207.3],\"lines\":[{\"bbox\":[307.0,193.0,313.5,207.3],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[307.0,281.5,313.5,295.8],\"lines\":[{\"bbox\":[307.0,281.5,313.5,295.8],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[335.2,193.0,368.5,242.7],\"lines\":[{\"bbox\":[335.2,193.0,368.4,207.3],\"text\":\"(13.5)\"},{\"bbox\":[340.3,210.7,363.3,225.0],\"text\":\"27.9\"},{\"bbox\":[335.2,228.4,368.5,242.7],\"text\":\"(20.8)\"}],\"order\":11,\"text\":\"(13.5)\\n27.9\\n(20.8)\"},{\"bbox\":[341.8,263.8,368.5,295.8],\"lines\":[{\"bbox\":[346.9,263.8,363.3,278.1],\"text\":\"7.1\"},{\"bbox\":[341.8,281.5,368.5,295.8],\"text\":\"(6.4)\"}],\"order\":12,\"text\":\"7.1\\n(6.4)\"},{\"bbox\":[376.0,162.2,451.0,184.1],\"lines\":[{\"bbox\":[392.3,162.2,451.0,171.6],\"text\":\"MARKETABLE\"},{\"bbox\":[376.0,174.7,451.0,184.1],\"text\":\"DEBT SECURITIES\"}],\"order\":13,\"text\":\"MARKETABLE\\nDEBT SECURITIES\"},{\"bbox\":[394.5,193.0,401.0,207.3],\"lines\":[{\"bbox\":[394.5,193.0,401.0,207.3],\"text\":\"$\"}],\"order\":14,\"text\":\"$\"},{\"bbox\":[394.5,281.5,401.0,295.8],\"lines\":[{\"bbox\":[394.5,281.5,401.0,295.8],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[429.3,193.0,456.0,242.7],\"lines\":[{\"bbox\":[434.4,193.0,450.8,207.3],\"text\":\"5.3\"},{\"bbox\":[429.3,210.7,456.0,225.0],\"text\":\"(1.7)\"},{\"bbox\":[429.3,228.4,456.0,242.7],\"text\":\"(1.5)\"}],\"order\":16,\"text\":\"5.3\\n(1.7)\\n(1.5)\"},{\"bbox\":[429.3,263.8,456.0,295.8],\"lines\":[{\"bbox\":[429.3,263.8,456.0,278.1],\"text\":\"(3.2)\"},{\"bbox\":[434.4,281.5,450.8,295.8],\"text\":\"2.1\"}],\"order\":17,\"text\":\"(3.2)\\n2.1\"},{\"bbox\":[563.5,149.7,626.0,184.1],\"lines\":[{\"bbox\":[586.2,149.7,626.0,159.1],\"text\":\"FOREIGN\"},{\"bbox\":[577.3,162.2,626.0,171.6],\"text\":\"CURRENCY\"},{\"bbox\":[563.5,174.7,626.0,184.1],\"text\":\"TRANSLATION\"}],\"order\":18,\"text\":\"FOREIGN\\nCURRENCY\\nTRANSLATION\"},{\"bbox\":[499.4,162.2,538.5,184.1],\"lines\":[{\"bbox\":[499.4,162.2,538.5,171.6],\"text\":\"PENSION\"},{\"bbox\":[510.8,174.7,538.5,184.1],\"text\":\"PLANS\"}],\"order\":19,\"text\":\"PENSION\\nPLANS\"},{\"bbox\":[482.0,193.0,488.5,207.3],\"lines\":[{\"bbox\":[482.0,193.0,488.5,207.3],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[482.0,281.5,488.5,295.8],\"lines\":[{\"bbox\":[482.0,281.5,488.5,295.8],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[503.6,193.0,543.4,242.7],\"lines\":[{\"bbox\":[503.6,193.0,543.4,207.3],\"text\":\"(433.1)\"},{\"bbox\":[515.3,210.7,538.3,225.0],\"text\":\"15.1\"},{\"bbox\":[515.3,228.4,538.3,242.7],\"text\":\"27.6\"}],\"order\":22,\"text\":\"(433.1)\\n15.1\\n27.6\"},{\"bbox\":[569.5,193.0,576.0,207.3],\"lines\":[{\"bbox\":[569.5,193.0,576.0,207.3],\"text\":\"$\"}],\"order\":23,\"text\":\"$\"},{\"bbox\":[503.6,263.8,543.5,295.8],\"lines\":[{\"bbox\":[515.3,263.8,538.3,278.1],\"text\":\"42.7\"},{\"bbox\":[503.6,281.5,543.5,295.8],\"text\":\"(390.4)\"}],\"order\":24,\"text\":\"42.7\\n(390.4)\"},{\"bbox\":[569.6,281.5,576.0,295.8],\"lines\":[{\"bbox\":[569.6,281.5,576.0,295.8],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[685.3,174.7,713.5,184.1],\"lines\":[{\"bbox\":[685.3,174.7,713.5,184.1],\"text\":\"TOTAL\"}],\"order\":26,\"text\":\"TOTAL\"},{\"bbox\":[591.1,193.0,631.0,225.0],\"lines\":[{\"bbox\":[591.1,193.0,630.9,207.3],\"text\":\"(138.5)\"},{\"bbox\":[591.1,210.7,631.0,225.0],\"text\":\"(483.8)\"}],\"order\":27,\"text\":\"(138.5)\\n(483.8)\"},{\"bbox\":[657.0,193.0,663.5,207.3],\"lines\":[{\"bbox\":[657.0,193.0,663.5,207.3],\"text\":\"$\"}],\"order\":28,\"text\":\"$\"},{\"bbox\":[678.6,193.0,718.5,242.7],\"lines\":[{\"bbox\":[678.6,193.0,718.4,207.3],\"text\":\"(579.8)\"},{\"bbox\":[678.6,210.7,718.5,225.0],\"text\":\"(442.5)\"},{\"bbox\":[696.9,228.4,713.3,242.7],\"text\":\"5.3\"}],\"order\":29,\"text\":\"(579.8)\\n(442.5)\\n5.3\"},{\"bbox\":[591.1,263.8,631.0,295.8],\"lines\":[{\"bbox\":[591.1,263.8,631.0,278.1],\"text\":\"(483.8)\"},{\"bbox\":[591.1,281.5,631.0,295.8],\"text\":\"(622.3)\"}],\"order\":30,\"text\":\"(483.8)\\n(622.3)\"},{\"bbox\":[657.1,263.8,718.5,295.8],\"lines\":[{\"bbox\":[678.6,263.8,718.5,278.1],\"text\":\"(437.2)\"},{\"bbox\":[657.1,281.5,718.5,295.8],\"text\":\"$ (1,017.0)\"}],\"order\":31,\"text\":\"(437.2)\\n$ (1,017.0)\"},{\"bbox\":[75.0,318.1,652.5,332.5],\"lines\":[{\"bbox\":[75.0,318.1,652.5,332.5],\"text\":\"Reclassifications out of AOCI during the years ended December 31, 2017, 2016 and 2015 are as follows:\"}],\"order\":32,\"text\":\"Reclassifications out of AOCI during the years ended December 31, 2017, 2016 and 2015 are as follows:\"},{\"bbox\":[528.5,350.6,700.3,360.0],\"lines\":[{\"bbox\":[528.5,350.6,700.3,360.0],\"text\":\"AMOUNT RECLASSIFIED OUT OF AOCI\"}],\"order\":33,\"text\":\"AMOUNT RECLASSIFIED OUT OF AOCI\"},{\"bbox\":[275.0,368.3,474.4,377.7],\"lines\":[{\"bbox\":[275.0,368.3,474.4,377.7],\"text\":\"LINE ITEM IN THE CONSOLIDATED STATEMENTS\"}],\"order\":34,\"text\":\"LINE ITEM IN THE CONSOLIDATED STATEMENTS\"},{\"bbox\":[75.0,386.0,157.8,395.4],\"lines\":[{\"bbox\":[75.0,386.0,157.8,395.4],\"text\":\"AOCI COMPONENTS\"}],\"order\":35,\"text\":\"AOCI COMPONENTS\"},{\"bbox\":[75.0,400.6,489.4,715.9],\"lines\":[{\"bbox\":[75.0,400.6,389.1,414.9],\"text\":\"Unrealized (gains) and losses on derivative contracts:\"},{\"bbox\":[75.0,418.3,206.5,432.6],\"text\":\"Truck, Parts and Other\"},{\"bbox\":[95.0,436.0,247.1,450.3],\"text\":\"Foreign-exchange contracts\"},{\"bbox\":[275.0,436.0,400.7,450.3],\"text\":\"Net sales and revenues\"},{\"bbox\":[275.0,453.7,421.6,468.0],\"text\":\"Cost of sales and revenues\"},{\"bbox\":[275.0,471.4,446.9,485.7],\"text\":\"Interest and other expense, net\"},{\"bbox\":[75.0,489.1,177.1,503.4],\"text\":\"Financial Services\"},{\"bbox\":[95.0,506.8,217.6,521.1],\"text\":\"Interest-rate contracts\"},{\"bbox\":[275.0,506.8,489.4,521.1],\"text\":\"Interest and other borrowing expenses\"},{\"bbox\":[275.0,524.5,478.5,538.8],\"text\":\"Pre-tax expense increase (reduction)\"},{\"bbox\":[275.0,542.2,394.0,556.5],\"text\":\"Tax (benefit) expense\"},{\"bbox\":[275.0,559.9,487.8,574.2],\"text\":\"After-tax expense increase (reduction)\"},{\"bbox\":[75.0,577.6,427.9,591.9],\"text\":\"Unrealized (gains) and losses on marketable debt securities:\"},{\"bbox\":[95.0,595.3,240.9,609.6],\"text\":\"Marketable debt securities\"},{\"bbox\":[275.0,595.3,381.3,609.6],\"text\":\"Investment income\"},{\"bbox\":[275.0,613.0,341.6,627.4],\"text\":\"Tax expense\"},{\"bbox\":[275.0,630.7,417.3,645.1],\"text\":\"After-tax income increase\"},{\"bbox\":[75.0,648.4,154.9,662.8],\"text\":\"Pension plans:\"},{\"bbox\":[75.0,666.2,206.5,680.5],\"text\":\"Truck, Parts and Other\"},{\"bbox\":[95.0,683.9,169.7,698.2],\"text\":\"Actuarial loss\"},{\"bbox\":[275.0,683.9,421.6,698.2],\"text\":\"Cost of sales and revenues\"},{\"bbox\":[275.0,701.6,467.3,715.9],\"text\":\"Selling, general and administrative\"}],\"order\":36,\"text\":\"Unrealized (gains) and losses on derivative contracts:\\nTruck, Parts and Other\\nForeign-exchange contracts\\nNet sales and revenues\\nCost of sales and revenues\\nInterest and other expense, net\\nFinancial Services\\nInterest-rate contracts\\nInterest and other borrowing expenses\\nPre-tax expense increase (reduction)\\nTax (benefit) expense\\nAfter-tax expense increase (reduction)\\nUnrealized (gains) and losses on marketable debt securities:\\nMarketable debt securities\\nInvestment income\\nTax expense\\nAfter-tax income increase\\nPension plans:\\nTruck, Parts and Other\\nActuarial loss\\nCost of sales and revenues\\nSelling, general and administrative\"},{\"bbox\":[95.0,737.0,195.7,751.3],\"lines\":[{\"bbox\":[95.0,737.0,195.7,751.3],\"text\":\"Prior service costs\"}],\"order\":37,\"text\":\"Prior service costs\"},{\"bbox\":[75.0,790.1,177.1,822.1],\"lines\":[{\"bbox\":[75.0,790.1,177.1,804.4],\"text\":\"Financial Services\"},{\"bbox\":[95.0,807.8,169.7,822.1],\"text\":\"Actuarial loss\"}],\"order\":38,\"text\":\"Financial Services\\nActuarial loss\"},{\"bbox\":[540.7,383.7,563.5,395.7],\"lines\":[{\"bbox\":[540.7,383.7,563.5,395.7],\"text\":\"2017\"}],\"order\":39,\"text\":\"2017\"},{\"bbox\":[275.0,386.0,323.8,395.4],\"lines\":[{\"bbox\":[275.0,386.0,323.8,395.4],\"text\":\"OF INCOME\"}],\"order\":40,\"text\":\"OF INCOME\"},{\"bbox\":[275.0,737.0,467.3,769.0],\"lines\":[{\"bbox\":[275.0,737.0,421.6,751.3],\"text\":\"Cost of sales and revenues\"},{\"bbox\":[275.0,754.7,467.3,769.0],\"text\":\"Selling, general and administrative\"}],\"order\":41,\"text\":\"Cost of sales and revenues\\nSelling, general and administrative\"},{\"bbox\":[275.0,807.8,467.3,875.2],\"lines\":[{\"bbox\":[275.0,807.8,467.3,822.1],\"text\":\"Selling, general and administrative\"},{\"bbox\":[275.0,825.5,410.5,839.8],\"text\":\"Pre-tax expense increase\"},{\"bbox\":[275.0,843.2,336.4,857.5],\"text\":\"Tax benefit\"},{\"bbox\":[275.0,860.9,419.9,875.2],\"text\":\"After-tax expense increase\"}],\"order\":42,\"text\":\"Selling, general and 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114.8\"}],\"order\":61,\"text\":\".8\\n26.6\\n(8.5)\\n18.1\\n$ 114.8\"},{\"bbox\":[610.2,807.8,643.5,892.9],\"lines\":[{\"bbox\":[621.9,807.8,638.4,822.1],\"text\":\"1.1\"},{\"bbox\":[615.3,825.5,638.3,839.8],\"text\":\"28.9\"},{\"bbox\":[610.2,843.2,643.5,857.5],\"text\":\"(10.0)\"},{\"bbox\":[615.3,860.9,638.3,875.2],\"text\":\"18.9\"},{\"bbox\":[615.3,878.6,638.3,892.9],\"text\":\"18.1\"}],\"order\":62,\"text\":\"1.1\\n28.9\\n(10.0)\\n18.9\\n18.1\"},{\"bbox\":[685.2,807.8,718.5,892.9],\"lines\":[{\"bbox\":[696.9,807.8,713.4,822.1],\"text\":\"1.7\"},{\"bbox\":[690.3,825.5,713.3,839.8],\"text\":\"42.4\"},{\"bbox\":[685.2,843.2,718.5,857.5],\"text\":\"(14.8)\"},{\"bbox\":[690.3,860.9,713.3,875.2],\"text\":\"27.6\"},{\"bbox\":[696.9,878.6,713.3,892.9],\"text\":\"5.3\"}],\"order\":63,\"text\":\"1.7\\n42.4\\n(14.8)\\n27.6\\n5.3\"},{\"bbox\":[588.5,878.6,595.0,892.9],\"lines\":[{\"bbox\":[588.5,878.6,595.0,892.9],\"text\":\"$\"}],\"order\":64,\"text\":\"$\"},{\"bbox\":[663.5,878.6,670.0,892.9],\"lines\":[{\"bbox\":[663.5,878.6,670.0,892.9],\"text\":\"$\"}],\"order\":65,\"text\":\"$\"},{\"bbox\":[75.0,913.4,717.4,944.4],\"lines\":[{\"bbox\":[75.0,913.4,715.7,927.7],\"text\":\"Other Capital Stock Changes: The Company purchased treasury shares of nil, 1.4 million and 3.8 million in 2017, 2016\"},{\"bbox\":[75.0,930.1,717.4,944.4],\"text\":\"and 2015, respectively. The Company retired treasury shares of nil in 2017, 1.4 million in 2016 and 4.6 million in 2015.\"}],\"order\":66,\"text\":\"Other Capital Stock Changes: The Company purchased treasury shares of nil, 1.4 million and 3.8 million in 2017, 2016\\nand 2015, respectively. The Company retired treasury shares of nil in 2017, 1.4 million in 2016 and 4.6 million in 2015.\"},{\"bbox\":[75.0,958.8,85.8,970.0],\"lines\":[{\"bbox\":[75.0,958.8,85.8,970.0],\"text\":\"O.\"}],\"order\":67,\"text\":\"O.\"},{\"bbox\":[100.0,958.8,303.3,970.0],\"lines\":[{\"bbox\":[100.0,958.8,303.3,970.0],\"text\":\"D E R I VAT I V E F I N A N C I A L I N S T R U M E N T S\"}],\"order\":68,\"text\":\"D E R I VAT I V E F I N A N C I A L I N S T R U M E N T S\"},{\"bbox\":[75.0,975.9,716.9,1006.9],\"lines\":[{\"bbox\":[75.0,975.9,716.9,990.2],\"text\":\"As part of its risk management strategy, the Company enters into derivative contracts to hedge against interest rate\"},{\"bbox\":[75.0,992.6,219.4,1006.9],\"text\":\"and foreign currency risk.\"}],\"order\":69,\"text\":\"As part of its risk management strategy, the Company enters into derivative contracts to hedge against interest rate\\nand foreign currency risk.\"},{\"bbox\":[75.0,1019.3,721.8,1050.2],\"lines\":[{\"bbox\":[75.0,1019.3,721.8,1033.6],\"text\":\"Interest-Rate Contracts: The Company enters into various interest-rate contracts, including interest-rate swaps and\"},{\"bbox\":[75.0,1035.9,714.0,1050.2],\"text\":\"cross currency interest-rate swaps. Interest-rate swaps involve the exchange of fixed for floating rate or floating for\"}],\"order\":70,\"text\":\"Interest-Rate Contracts: The Company enters into various interest-rate contracts, including interest-rate swaps and\\ncross currency interest-rate swaps. Interest-rate swaps involve the exchange of fixed for floating rate or floating for\"}],\"doc\":\"fintabnet:PCAR_2017\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"NO TES\\n\\nT O\\n\\nC O NS O LI DAT E D\\n\\nFI N A N CI A L\\n\\nS TAT E M E N T S\\n\\nDecember 31, 2017, 2016 and 2015 (currencies in millions)\\n\\n78\\n\\nDERIVATIVE\\nCONTRACTS\\n\\nBalance at January 1, 2015\\nRecorded into AOCI\\nReclassified out of AOCI\\nNet other comprehensive\\nincome (loss)\\nBalance at December 31, 2015\\n\\n$\\n\\n$\\n\\n(13.5)\\n27.9\\n(20.8)\\n\\n7.1\\n(6.4)\\n\\nMARKETABLE\\nDEBT SECURITIES\\n\\n$\\n\\n$\\n\\n5.3\\n(1.7)\\n(1.5)\\n\\n(3.2)\\n2.1\\n\\nFOREIGN\\nCURRENCY\\nTRANSLATION\\n\\nPENSION\\nPLANS\\n\\n$\\n\\n$\\n\\n(433.1)\\n15.1\\n27.6\\n\\n$\\n\\n42.7\\n(390.4)\\n\\n$\\n\\nTOTAL\\n\\n(138.5)\\n(483.8)\\n\\n$\\n\\n(579.8)\\n(442.5)\\n5.3\\n\\n(483.8)\\n(622.3)\\n\\n(437.2)\\n$ (1,017.0)\\n\\nReclassifications out of AOCI during the years ended December 31, 2017, 2016 and 2015 are as follows:\\n\\nAMOUNT RECLASSIFIED OUT OF AOCI\\n\\nLINE ITEM IN THE CONSOLIDATED STATEMENTS\\n\\nAOCI COMPONENTS\\n\\nUnrealized (gains) and losses on derivative contracts:\\nTruck, Parts and Other\\nForeign-exchange contracts\\nNet sales and revenues\\nCost of sales and revenues\\nInterest and other expense, net\\nFinancial Services\\nInterest-rate contracts\\nInterest and other borrowing expenses\\nPre-tax expense increase (reduction)\\nTax (benefit) expense\\nAfter-tax expense increase (reduction)\\nUnrealized (gains) and losses on marketable debt securities:\\nMarketable debt securities\\nInvestment income\\nTax expense\\nAfter-tax income increase\\nPension plans:\\nTruck, Parts and Other\\nActuarial loss\\nCost of sales and revenues\\nSelling, general and administrative\\n\\nPrior service costs\\n\\nFinancial Services\\nActuarial loss\\n\\n2017\\n\\nOF INCOME\\n\\nCost of sales and revenues\\nSelling, general and administrative\\n\\nSelling, general and administrative\\nPre-tax expense increase\\nTax benefit\\nAfter-tax expense increase\\n\\nTotal reclassifications out of AOCI\\n\\n$\\n\\n12.1\\n3.9\\n1.8\\n\\n2016\\n\\n$\\n\\n(27.9)\\n.6\\n1.3\\n\\n2015\\n\\n$\\n\\n(.1)\\n3.4\\n(4.1)\\n\\n115.6\\n133.4\\n(36.3)\\n97.1\\n\\n36.8\\n10.8\\n(8.9)\\n1.9\\n\\n(28.5)\\n(29.3)\\n8.5\\n(20.8)\\n\\n(.6)\\n.2\\n(.4)\\n\\n(3.7)\\n1.0\\n(2.7)\\n\\n(2.1)\\n.6\\n(1.5)\\n\\n12.3\\n12.3\\n24.6\\n1.0\\n.2\\n1.2\\n\\n13.6\\n13.0\\n26.6\\n.9\\n.3\\n1.2\\n\\n22.4\\n17.1\\n39.5\\n1.0\\n.2\\n1.2\\n\\n.8\\n26.6\\n(8.5)\\n18.1\\n$ 114.8\\n\\n1.1\\n28.9\\n(10.0)\\n18.9\\n18.1\\n\\n1.7\\n42.4\\n(14.8)\\n27.6\\n5.3\\n\\n$\\n\\n$\\n\\nOther Capital Stock Changes: The Company purchased treasury shares of nil, 1.4 million and 3.8 million in 2017, 2016\\nand 2015, respectively. The Company retired treasury shares of nil in 2017, 1.4 million in 2016 and 4.6 million in 2015.\\n\\nO.\\n\\nD E R I VAT I V E F I N A N C I A L I N S T R U M E N T S\\n\\nAs part of its risk management strategy, the Company enters into derivative contracts to hedge against interest rate\\nand foreign currency risk.\\n\\nInterest-Rate Contracts: The Company enters into various interest-rate contracts, including interest-rate swaps and\\ncross currency interest-rate swaps. Interest-rate swaps involve the exchange of fixed for floating rate or floating for\",\"name\":\"fintabnet.PCAR_2017_page_80__100dpi_none\",\"page_id\":\"fintabnet.PCAR_2017_page_80\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PCAR_2017_page_80\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[75.0,149.7,718.5,295.8],\"block_orders\":[7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31],\"cells\":null},{\"bbox\":[75.0,350.6,718.5,892.9],\"block_orders\":[33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65],\"cells\":null}],\"text\":\"NO TES\\n\\nT O\\n\\nC O NS O LI DAT E D\\n\\nFI N A N CI A L\\n\\nS TAT E M E N T S\\n\\nDecember 31, 2017, 2016 and 2015 (currencies in millions)\\n\\n78\\n\\nDERIVATIVE\\nCONTRACTS\\n\\nBalance at January 1, 2015\\nRecorded into AOCI\\nReclassified out of AOCI\\nNet other comprehensive\\nincome (loss)\\nBalance at December 31, 2015\\n\\n$\\n\\n$\\n\\n(13.5)\\n27.9\\n(20.8)\\n\\n7.1\\n(6.4)\\n\\nMARKETABLE\\nDEBT SECURITIES\\n\\n$\\n\\n$\\n\\n5.3\\n(1.7)\\n(1.5)\\n\\n(3.2)\\n2.1\\n\\nFOREIGN\\nCURRENCY\\nTRANSLATION\\n\\nPENSION\\nPLANS\\n\\n$\\n\\n$\\n\\n(433.1)\\n15.1\\n27.6\\n\\n$\\n\\n42.7\\n(390.4)\\n\\n$\\n\\nTOTAL\\n\\n(138.5)\\n(483.8)\\n\\n$\\n\\n(579.8)\\n(442.5)\\n5.3\\n\\n(483.8)\\n(622.3)\\n\\n(437.2)\\n$ (1,017.0)\\n\\nReclassifications out of AOCI during the years ended December 31, 2017, 2016 and 2015 are as follows:\\n\\nAMOUNT RECLASSIFIED OUT OF AOCI\\n\\nLINE ITEM IN THE CONSOLIDATED STATEMENTS\\n\\nAOCI COMPONENTS\\n\\nUnrealized (gains) and losses on derivative contracts:\\nTruck, Parts and Other\\nForeign-exchange contracts\\nNet sales and revenues\\nCost of sales and revenues\\nInterest and other expense, net\\nFinancial Services\\nInterest-rate contracts\\nInterest and other borrowing expenses\\nPre-tax expense increase (reduction)\\nTax (benefit) expense\\nAfter-tax expense increase (reduction)\\nUnrealized (gains) and losses on marketable debt securities:\\nMarketable debt securities\\nInvestment income\\nTax expense\\nAfter-tax income increase\\nPension plans:\\nTruck, Parts and Other\\nActuarial loss\\nCost of sales and revenues\\nSelling, general and administrative\\n\\nPrior service costs\\n\\nFinancial Services\\nActuarial loss\\n\\n2017\\n\\nOF INCOME\\n\\nCost of sales and revenues\\nSelling, general and administrative\\n\\nSelling, general and administrative\\nPre-tax expense increase\\nTax benefit\\nAfter-tax expense increase\\n\\nTotal reclassifications out of AOCI\\n\\n$\\n\\n12.1\\n3.9\\n1.8\\n\\n2016\\n\\n$\\n\\n(27.9)\\n.6\\n1.3\\n\\n2015\\n\\n$\\n\\n(.1)\\n3.4\\n(4.1)\\n\\n115.6\\n133.4\\n(36.3)\\n97.1\\n\\n36.8\\n10.8\\n(8.9)\\n1.9\\n\\n(28.5)\\n(29.3)\\n8.5\\n(20.8)\\n\\n(.6)\\n.2\\n(.4)\\n\\n(3.7)\\n1.0\\n(2.7)\\n\\n(2.1)\\n.6\\n(1.5)\\n\\n12.3\\n12.3\\n24.6\\n1.0\\n.2\\n1.2\\n\\n13.6\\n13.0\\n26.6\\n.9\\n.3\\n1.2\\n\\n22.4\\n17.1\\n39.5\\n1.0\\n.2\\n1.2\\n\\n.8\\n26.6\\n(8.5)\\n18.1\\n$ 114.8\\n\\n1.1\\n28.9\\n(10.0)\\n18.9\\n18.1\\n\\n1.7\\n42.4\\n(14.8)\\n27.6\\n5.3\\n\\n$\\n\\n$\\n\\nOther Capital Stock Changes: The Company purchased treasury shares of nil, 1.4 million and 3.8 million in 2017, 2016\\nand 2015, respectively. The Company retired treasury shares of nil in 2017, 1.4 million in 2016 and 4.6 million in 2015.\\n\\nO.\\n\\nD E R I VAT I V E F I N A N C I A L I N S T R U M E N T S\\n\\nAs part of its risk management strategy, the Company enters into derivative contracts to hedge against interest rate\\nand foreign currency risk.\\n\\nInterest-Rate Contracts: The Company enters into various interest-rate contracts, including interest-rate swaps and\\ncross currency interest-rate swaps. 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PCAR_2017_page_92\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PCAR_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[368.7,83.8,525.3,108.2],\"lines\":[{\"bbox\":[368.7,83.8,525.3,108.2],\"text\":\"S E LE C T E D\"}],\"order\":0,\"text\":\"S E LE C T E D\"},{\"bbox\":[546.1,83.8,718.2,108.2],\"lines\":[{\"bbox\":[546.1,83.8,718.2,108.2],\"text\":\"FI N A N CI A L\"}],\"order\":1,\"text\":\"FI N A N CI A 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Revenues\"},{\"bbox\":[112.5,339.0,236.8,360.5],\"text\":\"Total Revenues\"}],\"order\":10,\"text\":\"Truck, Parts and Other Net Sales and Revenues\\nFinancial Services Revenues\\nTotal Revenues\"},{\"bbox\":[521.8,285.6,606.7,360.5],\"lines\":[{\"bbox\":[521.8,285.6,606.7,307.4],\"text\":\"$ 18,187.5\"},{\"bbox\":[546.7,312.1,606.7,333.9],\"text\":\"1,268.9\"},{\"bbox\":[521.8,338.7,606.7,360.5],\"text\":\"$ 19,456.4\"}],\"order\":11,\"text\":\"$ 18,187.5\\n1,268.9\\n$ 19,456.4\"},{\"bbox\":[637.9,285.9,722.9,360.5],\"lines\":[{\"bbox\":[637.9,285.9,722.9,307.4],\"text\":\"$ 15,846.6\"},{\"bbox\":[663.0,312.5,722.4,333.9],\"text\":\"1,186.7\"},{\"bbox\":[637.9,339.0,722.4,360.5],\"text\":\"$ 17,033.3\"}],\"order\":12,\"text\":\"$ 15,846.6\\n1,186.7\\n$ 17,033.3\"},{\"bbox\":[753.8,285.9,838.7,360.5],\"lines\":[{\"bbox\":[753.8,285.9,838.7,307.4],\"text\":\"$ 17,942.8\"},{\"bbox\":[778.9,312.5,838.2,333.9],\"text\":\"1,172.3\"},{\"bbox\":[753.8,339.0,838.7,360.5],\"text\":\"$ 19,115.1\"}],\"order\":13,\"text\":\"$ 17,942.8\\n1,172.3\\n$ 19,115.1\"},{\"bbox\":[869.7,285.9,954.1,360.5],\"lines\":[{\"bbox\":[869.7,285.9,954.1,307.4],\"text\":\"$ 17,792.8\"},{\"bbox\":[894.8,312.5,954.1,333.9],\"text\":\"1,204.2\"},{\"bbox\":[869.7,339.0,954.1,360.5],\"text\":\"$ 18,997.0\"}],\"order\":14,\"text\":\"$ 17,792.8\\n1,204.2\\n$ 18,997.0\"},{\"bbox\":[985.5,285.9,1070.5,360.5],\"lines\":[{\"bbox\":[985.5,285.9,1070.5,307.4],\"text\":\"$ 15,948.9\"},{\"bbox\":[1010.6,312.5,1070.0,333.9],\"text\":\"1,174.9\"},{\"bbox\":[985.5,339.0,1070.5,360.5],\"text\":\"$ 17,123.8\"}],\"order\":15,\"text\":\"$ 15,948.9\\n1,174.9\\n$ 17,123.8\"},{\"bbox\":[112.5,392.1,449.7,732.3],\"lines\":[{\"bbox\":[112.5,392.1,210.6,413.6],\"text\":\"Net Income\"},{\"bbox\":[112.5,418.7,298.8,440.2],\"text\":\"Adjusted Net Income*\"},{\"bbox\":[112.5,445.3,300.4,466.7],\"text\":\"Net Income Per Share:\"},{\"bbox\":[142.5,471.8,184.9,493.3],\"text\":\"Basic\"},{\"bbox\":[142.5,498.4,204.9,519.8],\"text\":\"Diluted\"},{\"bbox\":[142.5,524.9,293.0,546.4],\"text\":\"Adjusted Diluted*\"},{\"bbox\":[112.5,551.5,407.7,572.9],\"text\":\"Cash Dividends Declared Per Share\"},{\"bbox\":[112.5,578.0,214.7,599.5],\"text\":\"Total Assets:\"},{\"bbox\":[142.5,604.6,334.1,626.0],\"text\":\"Truck, Parts and Other\"},{\"bbox\":[142.5,631.1,290.7,652.6],\"text\":\"Financial Services\"},{\"bbox\":[112.5,657.7,449.7,679.1],\"text\":\"Truck, Parts and Other Long-Term Debt\"},{\"bbox\":[112.5,684.2,309.6,705.7],\"text\":\"Financial Services Debt\"},{\"bbox\":[112.5,710.8,283.9,732.3],\"text\":\"Stockholders' Equity\"}],\"order\":16,\"text\":\"Net Income\\nAdjusted Net Income*\\nNet Income Per Share:\\nBasic\\nDiluted\\nAdjusted Diluted*\\nCash Dividends Declared Per Share\\nTotal Assets:\\nTruck, Parts and Other\\nFinancial Services\\nTruck, Parts and Other Long-Term Debt\\nFinancial Services Debt\\nStockholders' Equity\"},{\"bbox\":[521.8,391.8,606.7,440.2],\"lines\":[{\"bbox\":[521.8,391.8,606.7,413.6],\"text\":\"$ 1,675.2\"},{\"bbox\":[546.7,418.3,606.7,440.2],\"text\":\"1,501.8\"}],\"order\":17,\"text\":\"$ 1,675.2\\n1,501.8\"},{\"bbox\":[637.9,392.1,647.6,413.6],\"lines\":[{\"bbox\":[637.9,392.1,647.6,413.6],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[663.0,392.1,722.4,440.2],\"lines\":[{\"bbox\":[677.9,392.1,722.4,413.6],\"text\":\"521.7\"},{\"bbox\":[663.0,418.7,722.3,440.2],\"text\":\"1,354.7\"}],\"order\":19,\"text\":\"521.7\\n1,354.7\"},{\"bbox\":[753.8,392.1,838.2,413.6],\"lines\":[{\"bbox\":[753.8,392.1,838.2,413.6],\"text\":\"$ 1,604.0\"}],\"order\":20,\"text\":\"$ 1,604.0\"},{\"bbox\":[869.7,392.1,954.1,413.6],\"lines\":[{\"bbox\":[869.7,392.1,954.1,413.6],\"text\":\"$ 1,358.8\"}],\"order\":21,\"text\":\"$ 1,358.8\"},{\"bbox\":[985.5,392.1,1070.0,413.6],\"lines\":[{\"bbox\":[985.5,392.1,1070.0,413.6],\"text\":\"$ 1,171.3\"}],\"order\":22,\"text\":\"$ 1,171.3\"},{\"bbox\":[571.8,471.4,606.7,572.9],\"lines\":[{\"bbox\":[571.8,471.4,606.7,493.3],\"text\":\"4.76\"},{\"bbox\":[571.8,498.0,606.7,519.8],\"text\":\"4.75\"},{\"bbox\":[571.8,524.6,606.7,546.4],\"text\":\"4.26\"},{\"bbox\":[571.8,551.1,606.7,572.9],\"text\":\"2.19\"}],\"order\":23,\"text\":\"4.76\\n4.75\\n4.26\\n2.19\"},{\"bbox\":[688.1,471.8,722.6,572.9],\"lines\":[{\"bbox\":[688.1,471.8,722.6,493.3],\"text\":\"1.49\"},{\"bbox\":[688.1,498.4,722.6,519.8],\"text\":\"1.48\"},{\"bbox\":[688.1,524.9,722.6,546.4],\"text\":\"3.85\"},{\"bbox\":[688.1,551.5,722.6,572.9],\"text\":\"1.56\"}],\"order\":24,\"text\":\"1.49\\n1.48\\n3.85\\n1.56\"},{\"bbox\":[803.9,471.8,838.5,519.8],\"lines\":[{\"bbox\":[803.9,471.8,838.5,493.3],\"text\":\"4.52\"},{\"bbox\":[803.9,498.4,838.5,519.8],\"text\":\"4.51\"}],\"order\":25,\"text\":\"4.52\\n4.51\"},{\"bbox\":[919.8,471.8,954.3,519.8],\"lines\":[{\"bbox\":[919.8,471.8,954.3,493.3],\"text\":\"3.83\"},{\"bbox\":[919.8,498.4,954.3,519.8],\"text\":\"3.82\"}],\"order\":26,\"text\":\"3.83\\n3.82\"},{\"bbox\":[1035.7,471.8,1070.2,519.8],\"lines\":[{\"bbox\":[1035.7,471.8,1070.2,493.3],\"text\":\"3.31\"},{\"bbox\":[1035.7,498.4,1070.2,519.8],\"text\":\"3.30\"}],\"order\":27,\"text\":\"3.31\\n3.30\"},{\"bbox\":[803.9,551.5,838.5,572.9],\"lines\":[{\"bbox\":[803.9,551.5,838.5,572.9],\"text\":\"2.32\"}],\"order\":28,\"text\":\"2.32\"},{\"bbox\":[919.8,551.5,954.3,572.9],\"lines\":[{\"bbox\":[919.8,551.5,954.3,572.9],\"text\":\"1.86\"}],\"order\":29,\"text\":\"1.86\"},{\"bbox\":[1035.7,551.5,1070.2,572.9],\"lines\":[{\"bbox\":[1035.7,551.5,1070.2,572.9],\"text\":\"1.70\"}],\"order\":30,\"text\":\"1.70\"},{\"bbox\":[536.7,604.2,606.7,652.6],\"lines\":[{\"bbox\":[536.7,604.2,606.7,626.0],\"text\":\"10,237.9\"},{\"bbox\":[536.7,630.8,606.7,652.6],\"text\":\"13,202.3\"}],\"order\":31,\"text\":\"10,237.9\\n13,202.3\"},{\"bbox\":[653.1,604.6,722.3,652.6],\"lines\":[{\"bbox\":[663.0,604.6,722.3,626.0],\"text\":\"8,444.1\"},{\"bbox\":[653.1,631.1,722.3,652.6],\"text\":\"12,194.8\"}],\"order\":32,\"text\":\"8,444.1\\n12,194.8\"},{\"bbox\":[769.5,604.6,838.7,652.6],\"lines\":[{\"bbox\":[778.9,604.6,838.2,626.0],\"text\":\"8,855.2\"},{\"bbox\":[769.5,631.1,838.7,652.6],\"text\":\"12,254.6\"}],\"order\":33,\"text\":\"8,855.2\\n12,254.6\"},{\"bbox\":[885.3,604.6,954.6,652.6],\"lines\":[{\"bbox\":[894.7,604.6,954.1,626.0],\"text\":\"8,701.5\"},{\"bbox\":[885.3,631.1,954.6,652.6],\"text\":\"11,917.3\"}],\"order\":34,\"text\":\"8,701.5\\n11,917.3\"},{\"bbox\":[546.7,683.9,606.7,732.3],\"lines\":[{\"bbox\":[546.7,683.9,606.7,705.7],\"text\":\"8,879.4\"},{\"bbox\":[546.7,710.4,606.7,732.3],\"text\":\"8,050.5\"}],\"order\":35,\"text\":\"8,879.4\\n8,050.5\"},{\"bbox\":[663.2,684.2,722.6,732.3],\"lines\":[{\"bbox\":[663.2,684.2,722.6,705.7],\"text\":\"8,475.2\"},{\"bbox\":[663.2,710.8,722.6,732.3],\"text\":\"6,777.6\"}],\"order\":36,\"text\":\"8,475.2\\n6,777.6\"},{\"bbox\":[779.1,684.2,838.5,732.3],\"lines\":[{\"bbox\":[779.1,684.2,838.5,705.7],\"text\":\"8,591.5\"},{\"bbox\":[779.1,710.8,838.5,732.3],\"text\":\"6,940.4\"}],\"order\":37,\"text\":\"8,591.5\\n6,940.4\"},{\"bbox\":[895.0,684.2,954.3,732.3],\"lines\":[{\"bbox\":[895.0,684.2,954.3,705.7],\"text\":\"8,230.6\"},{\"bbox\":[895.0,710.8,954.3,732.3],\"text\":\"6,753.2\"}],\"order\":38,\"text\":\"8,230.6\\n6,753.2\"},{\"bbox\":[1000.7,604.6,1070.2,732.3],\"lines\":[{\"bbox\":[1010.6,604.6,1070.0,626.0],\"text\":\"9,095.4\"},{\"bbox\":[1000.7,631.1,1070.0,652.6],\"text\":\"11,630.1\"},{\"bbox\":[1025.6,657.7,1070.0,679.1],\"text\":\"150.0\"},{\"bbox\":[1010.9,684.2,1070.2,705.7],\"text\":\"8,274.2\"},{\"bbox\":[1010.9,710.8,1070.2,732.3],\"text\":\"6,634.3\"}],\"order\":39,\"text\":\"9,095.4\\n11,630.1\\n150.0\\n8,274.2\\n6,634.3\"},{\"bbox\":[112.5,752.7,121.2,774.1],\"lines\":[{\"bbox\":[112.5,752.7,121.2,774.1],\"text\":\"*\"}],\"order\":40,\"text\":\"*\"},{\"bbox\":[142.5,752.7,1065.5,799.1],\"lines\":[{\"bbox\":[142.5,752.7,1065.5,774.1],\"text\":\"See Reconciliation of GAAP to Non-GAAP Financial Measures for 2017 and 2016 on page 46, and see Note M\"},{\"bbox\":[142.5,777.7,508.5,799.1],\"text\":\"on pages 75-77 and Note K on pages 70-71.\"}],\"order\":41,\"text\":\"See Reconciliation of GAAP to Non-GAAP Financial Measures for 2017 and 2016 on page 46, and see Note M\\non pages 75-77 and Note K on pages 70-71.\"},{\"bbox\":[189.2,874.1,326.6,898.5],\"lines\":[{\"bbox\":[189.2,874.1,326.6,898.5],\"text\":\"COMMO N\"}],\"order\":42,\"text\":\"COMMO N\"},{\"bbox\":[347.4,874.1,448.3,898.5],\"lines\":[{\"bbox\":[347.4,874.1,448.3,898.5],\"text\":\"S T O C K\"}],\"order\":43,\"text\":\"S T O C K\"},{\"bbox\":[469.1,874.1,591.2,898.5],\"lines\":[{\"bbox\":[469.1,874.1,591.2,898.5],\"text\":\"M AR K ET\"}],\"order\":44,\"text\":\"M AR K ET\"},{\"bbox\":[612.0,874.1,723.0,898.5],\"lines\":[{\"bbox\":[612.0,874.1,723.0,898.5],\"text\":\"PR I CES\"}],\"order\":45,\"text\":\"PR I CES\"},{\"bbox\":[743.8,874.1,802.5,898.5],\"lines\":[{\"bbox\":[743.8,874.1,802.5,898.5],\"text\":\"A N D\"}],\"order\":46,\"text\":\"A N D\"},{\"bbox\":[823.3,874.1,994.3,898.5],\"lines\":[{\"bbox\":[823.3,874.1,994.3,898.5],\"text\":\"D I V I D EN D S\"}],\"order\":47,\"text\":\"D I V I D EN D S\"},{\"bbox\":[112.5,943.9,1086.5,1015.4],\"lines\":[{\"bbox\":[112.5,943.9,1086.5,965.4],\"text\":\"Common stock of the Company is traded on the NASDAQ Global Select Market under the symbol PCAR. The table\"},{\"bbox\":[112.5,968.9,1026.5,990.4],\"text\":\"below reflects the range of trading prices as reported by The NASDAQ Stock Market LLC and cash dividends\"},{\"bbox\":[112.5,993.9,839.2,1015.4],\"text\":\"declared. There were 1,587 record holders of the common stock at December 31, 2017.\"}],\"order\":48,\"text\":\"Common stock of the Company is traded on the NASDAQ Global Select Market under the symbol PCAR. The table\\nbelow reflects the range of trading prices as reported by The NASDAQ Stock Market LLC and cash dividends\\ndeclared. There were 1,587 record holders of the common stock at December 31, 2017.\"},{\"bbox\":[482.2,1043.9,516.4,1061.9],\"lines\":[{\"bbox\":[482.2,1043.9,516.4,1061.9],\"text\":\"2017\"}],\"order\":49,\"text\":\"2017\"},{\"bbox\":[112.5,1092.4,174.8,1106.5],\"lines\":[{\"bbox\":[112.5,1092.4,174.8,1106.5],\"text\":\"QUARTER\"}],\"order\":50,\"text\":\"QUARTER\"},{\"bbox\":[112.5,1114.2,238.4,1241.8],\"lines\":[{\"bbox\":[112.5,1114.2,149.8,1135.6],\"text\":\"First\"},{\"bbox\":[112.5,1140.7,171.9,1162.2],\"text\":\"Second\"},{\"bbox\":[112.5,1167.3,159.6,1188.7],\"text\":\"Third\"},{\"bbox\":[112.5,1193.8,169.7,1215.3],\"text\":\"Fourth\"},{\"bbox\":[112.6,1220.4,238.4,1241.8],\"text\":\"Year-End Extra\"}],\"order\":51,\"text\":\"First\\nSecond\\nThird\\nFourth\\nYear-End Extra\"},{\"bbox\":[356.7,1073.5,433.1,1106.5],\"lines\":[{\"bbox\":[356.7,1073.5,433.0,1087.8],\"text\":\"DIVIDENDS\"},{\"bbox\":[361.6,1092.2,433.1,1106.5],\"text\":\"DECLARED\"}],\"order\":52,\"text\":\"DIVIDENDS\\nDECLARED\"},{\"bbox\":[380.7,1113.8,431.1,1241.8],\"lines\":[{\"bbox\":[380.7,1113.8,431.1,1135.6],\"text\":\"$ .24\"},{\"bbox\":[406.1,1140.3,431.1,1162.2],\"text\":\".25\"},{\"bbox\":[406.1,1166.9,431.1,1188.7],\"text\":\".25\"},{\"bbox\":[406.2,1193.5,431.1,1215.3],\"text\":\".25\"},{\"bbox\":[396.2,1220.0,431.1,1241.8],\"text\":\"1.20\"}],\"order\":53,\"text\":\"$ .24\\n.25\\n.25\\n.25\\n1.20\"},{\"bbox\":[885.6,1044.2,919.3,1061.9],\"lines\":[{\"bbox\":[885.6,1044.2,919.3,1061.9],\"text\":\"2016\"}],\"order\":54,\"text\":\"2016\"},{\"bbox\":[554.1,1071.6,643.3,1085.9],\"lines\":[{\"bbox\":[554.1,1071.6,643.3,1085.9],\"text\":\"STOCK PRICE\"}],\"order\":55,\"text\":\"STOCK PRICE\"},{\"bbox\":[516.8,1094.1,553.0,1108.4],\"lines\":[{\"bbox\":[516.8,1094.1,553.0,1108.4],\"text\":\"HIGH\"}],\"order\":56,\"text\":\"HIGH\"},{\"bbox\":[644.6,1094.1,674.8,1108.4],\"lines\":[{\"bbox\":[644.6,1094.1,674.8,1108.4],\"text\":\"LOW\"}],\"order\":57,\"text\":\"LOW\"},{\"bbox\":[498.0,1113.8,553.0,1215.3],\"lines\":[{\"bbox\":[498.0,1113.8,553.0,1135.6],\"text\":\"$70.12\"},{\"bbox\":[508.0,1140.3,553.0,1162.2],\"text\":\"69.17\"},{\"bbox\":[508.0,1166.9,553.0,1188.7],\"text\":\"73.29\"},{\"bbox\":[508.0,1193.5,553.0,1215.3],\"text\":\"75.68\"}],\"order\":58,\"text\":\"$70.12\\n69.17\\n73.29\\n75.68\"},{\"bbox\":[619.9,1113.8,674.9,1215.3],\"lines\":[{\"bbox\":[619.9,1113.8,674.8,1135.6],\"text\":\"$64.61\"},{\"bbox\":[629.9,1140.3,674.8,1162.2],\"text\":\"61.93\"},{\"bbox\":[629.9,1166.9,674.9,1188.7],\"text\":\"62.72\"},{\"bbox\":[629.9,1193.5,674.9,1215.3],\"text\":\"66.33\"}],\"order\":59,\"text\":\"$64.61\\n61.93\\n62.72\\n66.33\"},{\"bbox\":[760.9,1073.7,836.2,1106.5],\"lines\":[{\"bbox\":[760.9,1073.7,836.2,1087.8],\"text\":\"DIVIDENDS\"},{\"bbox\":[765.2,1092.4,836.2,1106.5],\"text\":\"DECLARED\"}],\"order\":60,\"text\":\"DIVIDENDS\\nDECLARED\"},{\"bbox\":[781.4,1114.2,833.9,1241.8],\"lines\":[{\"bbox\":[781.4,1114.2,833.9,1135.6],\"text\":\"$ .24\"},{\"bbox\":[809.3,1140.7,833.9,1162.2],\"text\":\".24\"},{\"bbox\":[809.3,1167.3,833.9,1188.7],\"text\":\".24\"},{\"bbox\":[809.3,1193.8,833.9,1215.3],\"text\":\".24\"},{\"bbox\":[809.3,1220.4,833.9,1241.8],\"text\":\".60\"}],\"order\":61,\"text\":\"$ .24\\n.24\\n.24\\n.24\\n.60\"},{\"bbox\":[953.7,1071.8,1042.6,1085.9],\"lines\":[{\"bbox\":[953.7,1071.8,1042.6,1085.9],\"text\":\"STOCK PRICE\"}],\"order\":62,\"text\":\"STOCK PRICE\"},{\"bbox\":[920.1,1094.3,956.1,1108.4],\"lines\":[{\"bbox\":[920.1,1094.3,956.1,1108.4],\"text\":\"HIGH\"}],\"order\":63,\"text\":\"HIGH\"},{\"bbox\":[1040.7,1094.3,1070.5,1108.4],\"lines\":[{\"bbox\":[1040.7,1094.3,1070.5,1108.4],\"text\":\"LOW\"}],\"order\":64,\"text\":\"LOW\"},{\"bbox\":[901.5,1114.2,955.8,1215.3],\"lines\":[{\"bbox\":[901.5,1114.2,955.8,1135.6],\"text\":\"$55.60\"},{\"bbox\":[911.4,1140.7,955.8,1162.2],\"text\":\"60.86\"},{\"bbox\":[911.4,1167.3,955.8,1188.7],\"text\":\"60.75\"},{\"bbox\":[911.4,1193.8,955.8,1215.3],\"text\":\"68.50\"}],\"order\":65,\"text\":\"$55.60\\n60.86\\n60.75\\n68.50\"},{\"bbox\":[1015.8,1114.2,1070.2,1215.3],\"lines\":[{\"bbox\":[1015.8,1114.2,1070.1,1135.6],\"text\":\"$43.46\"},{\"bbox\":[1025.7,1140.7,1070.2,1162.2],\"text\":\"48.17\"},{\"bbox\":[1025.8,1167.3,1070.2,1188.7],\"text\":\"49.35\"},{\"bbox\":[1025.8,1193.8,1070.2,1215.3],\"text\":\"53.38\"}],\"order\":66,\"text\":\"$43.46\\n48.17\\n49.35\\n53.38\"},{\"bbox\":[112.5,1261.0,1020.8,1307.5],\"lines\":[{\"bbox\":[112.5,1261.0,1020.8,1282.5],\"text\":\"The Company expects to continue paying regular cash dividends, although there is no assurance as to future\"},{\"bbox\":[112.5,1286.0,1006.2,1307.5],\"text\":\"dividends because they are dependent upon future earnings, capital requirements and financial conditions.\"}],\"order\":67,\"text\":\"The Company expects to continue paying regular cash dividends, although there is no assurance as to future\\ndividends because they are dependent upon future earnings, capital requirements and financial conditions.\"}],\"doc\":\"fintabnet:PCAR_2017\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"S E LE C T E D\\n\\nFI N A N CI A L\\n\\n2017\\n\\n90\\n\\nD ATA\\n\\n2016\\n\\n2015\\n\\n2014\\n\\n2013\\n\\n(millions except per share data)\\n\\nTruck, Parts and Other Net Sales and Revenues\\nFinancial Services Revenues\\nTotal Revenues\\n\\n$ 18,187.5\\n1,268.9\\n$ 19,456.4\\n\\n$ 15,846.6\\n1,186.7\\n$ 17,033.3\\n\\n$ 17,942.8\\n1,172.3\\n$ 19,115.1\\n\\n$ 17,792.8\\n1,204.2\\n$ 18,997.0\\n\\n$ 15,948.9\\n1,174.9\\n$ 17,123.8\\n\\nNet Income\\nAdjusted Net Income*\\nNet Income Per Share:\\nBasic\\nDiluted\\nAdjusted Diluted*\\nCash Dividends Declared Per Share\\nTotal Assets:\\nTruck, Parts and Other\\nFinancial Services\\nTruck, Parts and Other Long-Term Debt\\nFinancial Services Debt\\nStockholders' Equity\\n\\n$ 1,675.2\\n1,501.8\\n\\n$\\n\\n521.7\\n1,354.7\\n\\n$ 1,604.0\\n\\n$ 1,358.8\\n\\n$ 1,171.3\\n\\n4.76\\n4.75\\n4.26\\n2.19\\n\\n1.49\\n1.48\\n3.85\\n1.56\\n\\n4.52\\n4.51\\n\\n3.83\\n3.82\\n\\n3.31\\n3.30\\n\\n2.32\\n\\n1.86\\n\\n1.70\\n\\n10,237.9\\n13,202.3\\n\\n8,444.1\\n12,194.8\\n\\n8,855.2\\n12,254.6\\n\\n8,701.5\\n11,917.3\\n\\n8,879.4\\n8,050.5\\n\\n8,475.2\\n6,777.6\\n\\n8,591.5\\n6,940.4\\n\\n8,230.6\\n6,753.2\\n\\n9,095.4\\n11,630.1\\n150.0\\n8,274.2\\n6,634.3\\n\\n*\\n\\nSee Reconciliation of GAAP to Non-GAAP Financial Measures for 2017 and 2016 on page 46, and see Note M\\non pages 75-77 and Note K on pages 70-71.\\n\\nCOMMO N\\n\\nS T O C K\\n\\nM AR K ET\\n\\nPR I CES\\n\\nA N D\\n\\nD I V I D EN D S\\n\\nCommon stock of the Company is traded on the NASDAQ Global Select Market under the symbol PCAR. The table\\nbelow reflects the range of trading prices as reported by The NASDAQ Stock Market LLC and cash dividends\\ndeclared. There were 1,587 record holders of the common stock at December 31, 2017.\\n\\n2017\\n\\nQUARTER\\n\\nFirst\\nSecond\\nThird\\nFourth\\nYear-End Extra\\n\\nDIVIDENDS\\nDECLARED\\n\\n$ .24\\n.25\\n.25\\n.25\\n1.20\\n\\n2016\\n\\nSTOCK PRICE\\n\\nHIGH\\n\\nLOW\\n\\n$70.12\\n69.17\\n73.29\\n75.68\\n\\n$64.61\\n61.93\\n62.72\\n66.33\\n\\nDIVIDENDS\\nDECLARED\\n\\n$ .24\\n.24\\n.24\\n.24\\n.60\\n\\nSTOCK PRICE\\n\\nHIGH\\n\\nLOW\\n\\n$55.60\\n60.86\\n60.75\\n68.50\\n\\n$43.46\\n48.17\\n49.35\\n53.38\\n\\nThe Company expects to continue paying regular cash dividends, although there is no assurance as to future\\ndividends because they are dependent upon future earnings, capital requirements and financial conditions.\",\"name\":\"fintabnet.PCAR_2017_page_92__150dpi_none\",\"page_id\":\"fintabnet.PCAR_2017_page_92\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PCAR_2017_page_92\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[112.5,1043.9,1070.5,1241.8],\"block_orders\":[49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66],\"cells\":null},{\"bbox\":[112.5,207.5,1071.7,732.3],\"block_orders\":[2,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39],\"cells\":null}],\"text\":\"S E LE C T E D\\n\\nFI N A N CI A L\\n\\n2017\\n\\n90\\n\\nD ATA\\n\\n2016\\n\\n2015\\n\\n2014\\n\\n2013\\n\\n(millions except per share data)\\n\\nTruck, Parts and Other Net Sales and Revenues\\nFinancial Services Revenues\\nTotal Revenues\\n\\n$ 18,187.5\\n1,268.9\\n$ 19,456.4\\n\\n$ 15,846.6\\n1,186.7\\n$ 17,033.3\\n\\n$ 17,942.8\\n1,172.3\\n$ 19,115.1\\n\\n$ 17,792.8\\n1,204.2\\n$ 18,997.0\\n\\n$ 15,948.9\\n1,174.9\\n$ 17,123.8\\n\\nNet Income\\nAdjusted Net Income*\\nNet Income Per Share:\\nBasic\\nDiluted\\nAdjusted Diluted*\\nCash Dividends Declared Per Share\\nTotal Assets:\\nTruck, Parts and Other\\nFinancial Services\\nTruck, Parts and Other Long-Term Debt\\nFinancial Services Debt\\nStockholders' Equity\\n\\n$ 1,675.2\\n1,501.8\\n\\n$\\n\\n521.7\\n1,354.7\\n\\n$ 1,604.0\\n\\n$ 1,358.8\\n\\n$ 1,171.3\\n\\n4.76\\n4.75\\n4.26\\n2.19\\n\\n1.49\\n1.48\\n3.85\\n1.56\\n\\n4.52\\n4.51\\n\\n3.83\\n3.82\\n\\n3.31\\n3.30\\n\\n2.32\\n\\n1.86\\n\\n1.70\\n\\n10,237.9\\n13,202.3\\n\\n8,444.1\\n12,194.8\\n\\n8,855.2\\n12,254.6\\n\\n8,701.5\\n11,917.3\\n\\n8,879.4\\n8,050.5\\n\\n8,475.2\\n6,777.6\\n\\n8,591.5\\n6,940.4\\n\\n8,230.6\\n6,753.2\\n\\n9,095.4\\n11,630.1\\n150.0\\n8,274.2\\n6,634.3\\n\\n*\\n\\nSee Reconciliation of GAAP to Non-GAAP Financial Measures for 2017 and 2016 on page 46, and see Note M\\non pages 75-77 and Note K on pages 70-71.\\n\\nCOMMO N\\n\\nS T O C K\\n\\nM AR K ET\\n\\nPR I CES\\n\\nA N D\\n\\nD I V I D EN D S\\n\\nCommon stock of the Company is traded on the NASDAQ Global Select Market under the symbol PCAR. The table\\nbelow reflects the range of trading prices as reported by The NASDAQ Stock Market LLC and cash dividends\\ndeclared. There were 1,587 record holders of the common stock at December 31, 2017.\\n\\n2017\\n\\nQUARTER\\n\\nFirst\\nSecond\\nThird\\nFourth\\nYear-End Extra\\n\\nDIVIDENDS\\nDECLARED\\n\\n$ .24\\n.25\\n.25\\n.25\\n1.20\\n\\n2016\\n\\nSTOCK PRICE\\n\\nHIGH\\n\\nLOW\\n\\n$70.12\\n69.17\\n73.29\\n75.68\\n\\n$64.61\\n61.93\\n62.72\\n66.33\\n\\nDIVIDENDS\\nDECLARED\\n\\n$ .24\\n.24\\n.24\\n.24\\n.60\\n\\nSTOCK PRICE\\n\\nHIGH\\n\\nLOW\\n\\n$55.60\\n60.86\\n60.75\\n68.50\\n\\n$43.46\\n48.17\\n49.35\\n53.38\\n\\nThe Company expects to continue paying regular cash dividends, although there is no assurance as to future\\ndividends because they are dependent upon future earnings, capital requirements and financial conditions.\"},\"name\":\"fintabnet.PCAR_2017_page_92__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":98687,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PCAR_2017\",\"dpi\":150,\"gt_sha256\":\"c1cbe862e4ad78b29151f8e2b3272044ac5305ff5cd06c866641b7869cf71ca8\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PCAR_2017_page_92__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.PCAR_2017_page_92\",\"pdf_sha256\":\"e1297fb542c5ed7dc5b979857a6820bd0a9140e56be6a52ff44e6b5a91fb2ce4\",\"px\":[1275,1650],\"scan\":{\"render\":\"000000003ff473fc7180798079b47ff812107ff84ffc66b47ff8000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"PCAR_2017_page_92\",\"src\":{\"file_sha256\":\"c4dc53d4a0930bcd52d767675613cefb10baa95c17407502b474174662892e7c\",\"render\":\"000000003ff873fc7180798071b43ff81ff07ff84ffc66b47ff8000000000000\",\"text\":\"ac2de214c562b43bd7c017a28a671199d12fbcf970e78aafaadbd95f269a97b5\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e1297fb542c5ed7dc5b979857a6820bd0a9140e56be6a52ff44e6b5a91fb2ce4\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e1297fb542c5ed7dc5b979857a6820bd0a9140e56be6a52ff44e6b5a91fb2ce4.pdf","asset_sha256":"e1297fb542c5ed7dc5b979857a6820bd0a9140e56be6a52ff44e6b5a91fb2ce4","document_id":"fintabnet:PCAR_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PCAR_2017_page_92\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PCAR_2018_page_34\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PCAR_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[14.0,101.8,20.8,109.3],\"lines\":[{\"bbox\":[14.0,101.8,20.8,109.3],\"text\":\"32\"}],\"order\":0,\"text\":\"32\"},{\"bbox\":[54.0,100.2,512.8,146.5],\"lines\":[{\"bbox\":[54.0,100.2,508.7,110.5],\"text\":\"Included in Financial Services “Other Assets” on the Company’s Consolidated Balance Sheets are used trucks held for\"},{\"bbox\":[54.0,112.2,496.4,122.5],\"text\":\"sale, net of impairments, of $226.4 million at December 31, 2018 and $221.7 million at December 31, 2017. These\"},{\"bbox\":[54.0,124.2,512.8,134.5],\"text\":\"trucks are primarily units returned from matured operating leases in the ordinary course of business, and also include\"},{\"bbox\":[54.0,136.2,480.3,146.5],\"text\":\"trucks acquired from repossessions or through acquisitions of used trucks in trades related to new truck sales.\"}],\"order\":1,\"text\":\"Included in Financial Services “Other Assets” on the Company’s Consolidated Balance Sheets are used trucks held for\\nsale, net of impairments, of $226.4 million at December 31, 2018 and $221.7 million at December 31, 2017. These\\ntrucks are primarily units returned from matured operating leases in the ordinary course of business, and also include\\ntrucks acquired from repossessions or through acquisitions of used trucks in trades related to new truck sales.\"},{\"bbox\":[54.0,157.6,517.0,203.9],\"lines\":[{\"bbox\":[54.0,157.6,507.1,167.9],\"text\":\"The Company recognized losses on used trucks, excluding repossessions, of $35.4 million in 2018 compared to $45.1\"},{\"bbox\":[54.0,169.6,508.3,179.9],\"text\":\"million in 2017, including losses on multiple unit transactions of $20.2 million in 2018 compared to $29.2 million in\"},{\"bbox\":[54.0,181.6,517.0,191.9],\"text\":\"2017. Used truck losses related to repossessions, which are recognized as credit losses, were $.9 million and $5.1 million\"},{\"bbox\":[54.0,193.6,172.0,203.9],\"text\":\"in 2018 and 2017, respectively.\"}],\"order\":2,\"text\":\"The Company recognized losses on used trucks, excluding repossessions, of $35.4 million in 2018 compared to $45.1\\nmillion in 2017, including losses on multiple unit transactions of $20.2 million in 2018 compared to $29.2 million in\\n2017. Used truck losses related to repossessions, which are recognized as credit losses, were $.9 million and $5.1 million\\nin 2018 and 2017, respectively.\"},{\"bbox\":[54.0,214.9,492.3,237.2],\"lines\":[{\"bbox\":[54.0,214.9,492.3,225.2],\"text\":\"The major factors for the changes in interest and fees, interest and other borrowing expenses and finance margin\"},{\"bbox\":[54.0,226.9,222.6,237.2],\"text\":\"between 2018 and 2017 are outlined below:\"}],\"order\":3,\"text\":\"The major factors for the changes in interest and fees, interest and other borrowing expenses and finance margin\\nbetween 2018 and 2017 are outlined below:\"},{\"bbox\":[320.5,255.1,351.7,271.0],\"lines\":[{\"bbox\":[320.8,255.1,351.7,262.0],\"text\":\"interest\"},{\"bbox\":[320.5,264.1,351.7,271.0],\"text\":\"and fees\"}],\"order\":4,\"text\":\"interest\\nand fees\"},{\"bbox\":[54.0,263.0,104.2,271.7],\"lines\":[{\"bbox\":[54.0,263.0,104.2,271.7],\"text\":\"($ in millions)\"}],\"order\":5,\"text\":\"($ in millions)\"},{\"bbox\":[54.0,276.2,196.5,388.7],\"lines\":[{\"bbox\":[54.0,276.2,73.2,286.7],\"text\":\"2017\"},{\"bbox\":[54.0,289.0,136.1,299.5],\"text\":\"Increase (decrease)\"},{\"bbox\":[68.4,301.7,179.5,312.2],\"text\":\"Average finance receivables\"},{\"bbox\":[68.4,314.5,158.0,324.9],\"text\":\"Average debt balances\"},{\"bbox\":[68.4,327.2,93.1,337.7],\"text\":\"Yields\"},{\"bbox\":[68.4,340.0,134.8,350.4],\"text\":\"Borrowing rates\"},{\"bbox\":[68.4,352.7,196.5,363.2],\"text\":\"Currency translation and other\"},{\"bbox\":[54.0,365.5,109.7,375.9],\"text\":\"Total increase\"},{\"bbox\":[54.0,378.2,73.6,388.7],\"text\":\"2018\"}],\"order\":6,\"text\":\"2017\\nIncrease (decrease)\\nAverage finance receivables\\nAverage debt balances\\nYields\\nBorrowing rates\\nCurrency translation and other\\nTotal increase\\n2018\"},{\"bbox\":[311.0,276.2,315.7,286.7],\"lines\":[{\"bbox\":[311.0,276.2,315.7,286.7],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[330.3,276.2,351.6,286.7],\"lines\":[{\"bbox\":[330.3,276.2,351.6,286.7],\"text\":\"431.1\"}],\"order\":8,\"text\":\"431.1\"},{\"bbox\":[366.6,255.1,441.7,271.0],\"lines\":[{\"bbox\":[369.4,255.1,441.7,262.0],\"text\":\"interest and other\"},{\"bbox\":[366.6,264.1,441.7,271.0],\"text\":\"borrowing expenses\"}],\"order\":9,\"text\":\"interest and other\\nborrowing expenses\"},{\"bbox\":[401.0,276.2,405.7,286.7],\"lines\":[{\"bbox\":[401.0,276.2,405.7,286.7],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[420.3,276.2,441.6,286.7],\"lines\":[{\"bbox\":[420.3,276.2,441.6,286.7],\"text\":\"149.6\"}],\"order\":11,\"text\":\"149.6\"},{\"bbox\":[485.4,255.1,513.7,271.0],\"lines\":[{\"bbox\":[485.4,255.1,513.7,262.0],\"text\":\"finance\"},{\"bbox\":[487.3,264.1,513.7,271.0],\"text\":\"margin\"}],\"order\":12,\"text\":\"finance\\nmargin\"},{\"bbox\":[473.0,276.2,477.7,286.7],\"lines\":[{\"bbox\":[473.0,276.2,477.7,286.7],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[492.3,276.2,513.6,286.7],\"lines\":[{\"bbox\":[492.3,276.2,513.6,286.7],\"text\":\"281.5\"}],\"order\":14,\"text\":\"281.5\"},{\"bbox\":[473.0,378.2,477.7,388.7],\"lines\":[{\"bbox\":[473.0,378.2,477.7,388.7],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[492.2,301.7,517.0,388.7],\"lines\":[{\"bbox\":[497.0,301.7,513.6,312.2],\"text\":\"45.1\"},{\"bbox\":[493.6,314.5,517.0,324.9],\"text\":\"(13.5)\"},{\"bbox\":[497.0,327.2,513.6,337.7],\"text\":\"21.0\"},{\"bbox\":[493.6,340.0,517.0,350.4],\"text\":\"(23.9)\"},{\"bbox\":[506.5,352.7,513.6,363.2],\"text\":\".6\"},{\"bbox\":[497.0,365.5,513.6,375.9],\"text\":\"29.3\"},{\"bbox\":[492.2,378.2,513.6,388.7],\"text\":\"310.8\"}],\"order\":16,\"text\":\"45.1\\n(13.5)\\n21.0\\n(23.9)\\n.6\\n29.3\\n310.8\"},{\"bbox\":[335.0,301.7,351.6,312.2],\"lines\":[{\"bbox\":[335.0,301.7,351.6,312.2],\"text\":\"45.1\"}],\"order\":17,\"text\":\"45.1\"},{\"bbox\":[425.0,314.5,441.6,324.9],\"lines\":[{\"bbox\":[425.0,314.5,441.6,324.9],\"text\":\"13.5\"}],\"order\":18,\"text\":\"13.5\"},{\"bbox\":[335.0,327.2,351.6,337.7],\"lines\":[{\"bbox\":[335.0,327.2,351.6,337.7],\"text\":\"21.0\"}],\"order\":19,\"text\":\"21.0\"},{\"bbox\":[311.0,378.2,315.7,388.7],\"lines\":[{\"bbox\":[311.0,378.2,315.7,388.7],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[330.2,352.7,351.6,388.7],\"lines\":[{\"bbox\":[344.5,352.7,351.6,363.2],\"text\":\".5\"},{\"bbox\":[335.0,365.5,351.6,375.9],\"text\":\"66.6\"},{\"bbox\":[330.2,378.2,351.6,388.7],\"text\":\"497.7\"}],\"order\":21,\"text\":\".5\\n66.6\\n497.7\"},{\"bbox\":[400.9,378.2,405.7,388.7],\"lines\":[{\"bbox\":[400.9,378.2,405.7,388.7],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[420.2,340.0,445.0,388.7],\"lines\":[{\"bbox\":[425.0,340.0,441.6,350.4],\"text\":\"23.9\"},{\"bbox\":[431.1,352.7,445.0,363.2],\"text\":\"(.1)\"},{\"bbox\":[425.0,365.5,441.6,375.9],\"text\":\"37.3\"},{\"bbox\":[420.2,378.2,441.6,388.7],\"text\":\"186.9\"}],\"order\":23,\"text\":\"23.9\\n(.1)\\n37.3\\n186.9\"},{\"bbox\":[54.0,397.1,521.3,503.4],\"lines\":[{\"bbox\":[54.0,397.1,505.6,407.4],\"text\":\"• Average finance receivables increased $845.3 million (excluding foreign exchange effects) in 2018 as a result of\"},{\"bbox\":[63.0,409.1,449.3,419.4],\"text\":\"retail portfolio new business volume exceeding collections and higher dealer wholesale balances.\"},{\"bbox\":[54.0,421.1,512.2,431.4],\"text\":\"• Average debt balances increased $666.7 million (excluding foreign exchange effects) in 2018. The higher average\"},{\"bbox\":[63.0,433.1,507.5,443.4],\"text\":\"debt balances reflect funding for a higher average earning assets portfolio, which includes loans, finance leases,\"},{\"bbox\":[63.0,445.1,243.5,455.4],\"text\":\"wholesale and equipment on operating lease.\"},{\"bbox\":[54.0,457.1,506.2,467.4],\"text\":\"• Higher portfolio yields (5.0% in 2018 compared to 4.8% in 2017) increased interest and fees by $21.0 million.\"},{\"bbox\":[63.0,469.1,418.7,479.4],\"text\":\"The higher portfolio yields were primarily due to higher market rates in North America.\"},{\"bbox\":[54.0,481.1,521.3,491.4],\"text\":\"• Higher borrowing rates (2.0% in 2018 compared to 1.7% in 2017) were primarily due to higher debt market rates\"},{\"bbox\":[63.0,493.1,136.6,503.4],\"text\":\"in North America.\"}],\"order\":24,\"text\":\"• Average finance receivables increased $845.3 million (excluding foreign exchange effects) in 2018 as a result of\\nretail portfolio new business volume exceeding collections and higher dealer wholesale balances.\\n• Average debt balances increased $666.7 million (excluding foreign exchange effects) in 2018. The higher average\\ndebt balances reflect funding for a higher average earning assets portfolio, which includes loans, finance leases,\\nwholesale and equipment on operating lease.\\n• Higher portfolio yields (5.0% in 2018 compared to 4.8% in 2017) increased interest and fees by $21.0 million.\\nThe higher portfolio yields were primarily due to higher market rates in North America.\\n• Higher borrowing rates (2.0% in 2018 compared to 1.7% in 2017) were primarily due to higher debt market rates\\nin North America.\"},{\"bbox\":[54.0,512.3,499.3,522.6],\"lines\":[{\"bbox\":[54.0,512.3,499.3,522.6],\"text\":\"The following table summarizes operating lease, rental and other revenues and depreciation and other expenses:\"}],\"order\":25,\"text\":\"The following table summarizes operating lease, rental and other revenues and depreciation and other expenses:\"},{\"bbox\":[54.0,537.7,138.3,556.2],\"lines\":[{\"bbox\":[54.0,537.7,103.8,546.2],\"text\":\"($ in millions)\"},{\"bbox\":[54.0,547.7,138.3,556.2],\"text\":\"Year Ended December 31,\"}],\"order\":26,\"text\":\"($ in millions)\\nYear Ended December 31,\"},{\"bbox\":[425.3,547.5,441.7,556.2],\"lines\":[{\"bbox\":[425.3,547.5,441.7,556.2],\"text\":\"2018\"}],\"order\":27,\"text\":\"2018\"},{\"bbox\":[54.0,560.9,229.4,596.7],\"lines\":[{\"bbox\":[54.0,560.9,197.2,571.2],\"text\":\"Operating lease and rental revenues\"},{\"bbox\":[54.0,573.7,160.6,584.0],\"text\":\"Used truck sales and other\"},{\"bbox\":[54.0,586.4,229.4,596.7],\"text\":\"Operating lease, rental and other revenues\"}],\"order\":28,\"text\":\"Operating lease and rental revenues\\nUsed truck sales and other\\nOperating lease, rental and other revenues\"},{\"bbox\":[401.0,560.7,405.7,571.2],\"lines\":[{\"bbox\":[401.0,560.7,405.7,571.2],\"text\":\"$\"}],\"order\":29,\"text\":\"$\"},{\"bbox\":[54.0,611.9,223.4,660.4],\"lines\":[{\"bbox\":[54.0,611.9,223.4,622.2],\"text\":\"Depreciation of operating lease equipment\"},{\"bbox\":[54.0,624.6,159.8,634.9],\"text\":\"Vehicle operating expenses\"},{\"bbox\":[54.0,637.4,189.7,647.7],\"text\":\"Cost of used truck sales and other\"},{\"bbox\":[54.0,650.1,183.6,660.4],\"text\":\"Depreciation and other expenses\"}],\"order\":30,\"text\":\"Depreciation of operating lease equipment\\nVehicle operating expenses\\nCost of used truck sales and other\\nDepreciation and other expenses\"},{\"bbox\":[401.0,611.7,405.7,622.2],\"lines\":[{\"bbox\":[401.0,611.7,405.7,622.2],\"text\":\"$\"}],\"order\":31,\"text\":\"$\"},{\"bbox\":[401.0,586.2,405.7,596.7],\"lines\":[{\"bbox\":[401.0,586.2,405.7,596.7],\"text\":\"$\"}],\"order\":32,\"text\":\"$\"},{\"bbox\":[401.0,649.9,405.7,660.4],\"lines\":[{\"bbox\":[401.0,649.9,405.7,660.4],\"text\":\"$\"}],\"order\":33,\"text\":\"$\"},{\"bbox\":[497.5,547.7,513.7,556.2],\"lines\":[{\"bbox\":[497.5,547.7,513.7,556.2],\"text\":\"2017\"}],\"order\":34,\"text\":\"2017\"},{\"bbox\":[420.3,560.7,441.6,596.7],\"lines\":[{\"bbox\":[420.3,560.7,441.6,571.2],\"text\":\"826.0\"},{\"bbox\":[425.0,573.5,441.6,584.0],\"text\":\"33.4\"},{\"bbox\":[420.3,586.2,441.6,596.7],\"text\":\"859.4\"}],\"order\":35,\"text\":\"826.0\\n33.4\\n859.4\"},{\"bbox\":[473.1,560.9,477.7,571.2],\"lines\":[{\"bbox\":[473.1,560.9,477.7,571.2],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[420.3,611.7,441.6,660.4],\"lines\":[{\"bbox\":[420.3,611.7,441.6,622.2],\"text\":\"588.2\"},{\"bbox\":[420.3,624.5,441.6,634.9],\"text\":\"121.5\"},{\"bbox\":[425.0,637.2,441.6,647.7],\"text\":\"18.3\"},{\"bbox\":[420.3,649.9,441.6,660.4],\"text\":\"728.0\"}],\"order\":37,\"text\":\"588.2\\n121.5\\n18.3\\n728.0\"},{\"bbox\":[473.1,611.9,477.7,622.2],\"lines\":[{\"bbox\":[473.1,611.9,477.7,622.2],\"text\":\"$\"}],\"order\":38,\"text\":\"$\"},{\"bbox\":[473.1,586.4,477.7,596.7],\"lines\":[{\"bbox\":[473.1,586.4,477.7,596.7],\"text\":\"$\"}],\"order\":39,\"text\":\"$\"},{\"bbox\":[473.1,650.1,477.7,660.4],\"lines\":[{\"bbox\":[473.1,650.1,477.7,660.4],\"text\":\"$\"}],\"order\":40,\"text\":\"$\"},{\"bbox\":[492.4,560.9,513.6,596.7],\"lines\":[{\"bbox\":[492.4,560.9,513.6,571.2],\"text\":\"784.6\"},{\"bbox\":[497.1,573.7,513.6,584.0],\"text\":\"53.2\"},{\"bbox\":[492.4,586.4,513.6,596.7],\"text\":\"837.8\"}],\"order\":41,\"text\":\"784.6\\n53.2\\n837.8\"},{\"bbox\":[492.4,611.9,513.6,660.4],\"lines\":[{\"bbox\":[492.4,611.9,513.6,622.2],\"text\":\"587.4\"},{\"bbox\":[497.1,624.6,513.6,634.9],\"text\":\"99.6\"},{\"bbox\":[497.1,637.4,513.6,647.7],\"text\":\"40.5\"},{\"bbox\":[492.4,650.1,513.6,660.4],\"text\":\"727.5\"}],\"order\":42,\"text\":\"587.4\\n99.6\\n40.5\\n727.5\"}],\"doc\":\"fintabnet:PCAR_2018\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"32\\n\\nIncluded in Financial Services “Other Assets” on the Company’s Consolidated Balance Sheets are used trucks held for\\nsale, net of impairments, of $226.4 million at December 31, 2018 and $221.7 million at December 31, 2017. These\\ntrucks are primarily units returned from matured operating leases in the ordinary course of business, and also include\\ntrucks acquired from repossessions or through acquisitions of used trucks in trades related to new truck sales.\\n\\nThe Company recognized losses on used trucks, excluding repossessions, of $35.4 million in 2018 compared to $45.1\\nmillion in 2017, including losses on multiple unit transactions of $20.2 million in 2018 compared to $29.2 million in\\n2017. Used truck losses related to repossessions, which are recognized as credit losses, were $.9 million and $5.1 million\\nin 2018 and 2017, respectively.\\n\\nThe major factors for the changes in interest and fees, interest and other borrowing expenses and finance margin\\nbetween 2018 and 2017 are outlined below:\\n\\ninterest\\nand fees\\n\\n($ in millions)\\n\\n2017\\nIncrease (decrease)\\nAverage finance receivables\\nAverage debt balances\\nYields\\nBorrowing rates\\nCurrency translation and other\\nTotal increase\\n2018\\n\\n$\\n\\n431.1\\n\\ninterest and other\\nborrowing expenses\\n\\n$\\n\\n149.6\\n\\nfinance\\nmargin\\n\\n$\\n\\n281.5\\n\\n$\\n\\n45.1\\n(13.5)\\n21.0\\n(23.9)\\n.6\\n29.3\\n310.8\\n\\n45.1\\n\\n13.5\\n\\n21.0\\n\\n$\\n\\n.5\\n66.6\\n497.7\\n\\n$\\n\\n23.9\\n(.1)\\n37.3\\n186.9\\n\\n• Average finance receivables increased $845.3 million (excluding foreign exchange effects) in 2018 as a result of\\nretail portfolio new business volume exceeding collections and higher dealer wholesale balances.\\n• Average debt balances increased $666.7 million (excluding foreign exchange effects) in 2018. The higher average\\ndebt balances reflect funding for a higher average earning assets portfolio, which includes loans, finance leases,\\nwholesale and equipment on operating lease.\\n• Higher portfolio yields (5.0% in 2018 compared to 4.8% in 2017) increased interest and fees by $21.0 million.\\nThe higher portfolio yields were primarily due to higher market rates in North America.\\n• Higher borrowing rates (2.0% in 2018 compared to 1.7% in 2017) were primarily due to higher debt market rates\\nin North America.\\n\\nThe following table summarizes operating lease, rental and other revenues and depreciation and other expenses:\\n\\n($ in millions)\\nYear Ended December 31,\\n\\n2018\\n\\nOperating lease and rental revenues\\nUsed truck sales and other\\nOperating lease, rental and other revenues\\n\\n$\\n\\nDepreciation of operating lease equipment\\nVehicle operating expenses\\nCost of used truck sales and other\\nDepreciation and other expenses\\n\\n$\\n\\n$\\n\\n$\\n\\n2017\\n\\n826.0\\n33.4\\n859.4\\n\\n$\\n\\n588.2\\n121.5\\n18.3\\n728.0\\n\\n$\\n\\n$\\n\\n$\\n\\n784.6\\n53.2\\n837.8\\n\\n587.4\\n99.6\\n40.5\\n727.5\",\"name\":\"fintabnet.PCAR_2018_page_34__72dpi_mild\",\"page_id\":\"fintabnet.PCAR_2018_page_34\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PCAR_2018_page_34\",\"stack\":[{\"amp\":0.078,\"angle\":274.1,\"blob\":0.261,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.499},{\"op\":\"jpeg\",\"q\":79}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[54.0,547.5,513.7,660.4],\"block_orders\":[26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42],\"cells\":null}],\"text\":\"32\\n\\nIncluded in Financial Services “Other Assets” on the Company’s Consolidated Balance Sheets are used trucks held for\\nsale, net of impairments, of $226.4 million at December 31, 2018 and $221.7 million at December 31, 2017. These\\ntrucks are primarily units returned from matured operating leases in the ordinary course of business, and also include\\ntrucks acquired from repossessions or through acquisitions of used trucks in trades related to new truck sales.\\n\\nThe Company recognized losses on used trucks, excluding repossessions, of $35.4 million in 2018 compared to $45.1\\nmillion in 2017, including losses on multiple unit transactions of $20.2 million in 2018 compared to $29.2 million in\\n2017. Used truck losses related to repossessions, which are recognized as credit losses, were $.9 million and $5.1 million\\nin 2018 and 2017, respectively.\\n\\nThe major factors for the changes in interest and fees, interest and other borrowing expenses and finance margin\\nbetween 2018 and 2017 are outlined below:\\n\\ninterest\\nand fees\\n\\n($ in millions)\\n\\n2017\\nIncrease (decrease)\\nAverage finance receivables\\nAverage debt balances\\nYields\\nBorrowing rates\\nCurrency translation and other\\nTotal increase\\n2018\\n\\n$\\n\\n431.1\\n\\ninterest and other\\nborrowing expenses\\n\\n$\\n\\n149.6\\n\\nfinance\\nmargin\\n\\n$\\n\\n281.5\\n\\n$\\n\\n45.1\\n(13.5)\\n21.0\\n(23.9)\\n.6\\n29.3\\n310.8\\n\\n45.1\\n\\n13.5\\n\\n21.0\\n\\n$\\n\\n.5\\n66.6\\n497.7\\n\\n$\\n\\n23.9\\n(.1)\\n37.3\\n186.9\\n\\n• Average finance receivables increased $845.3 million (excluding foreign exchange effects) in 2018 as a result of\\nretail portfolio new business volume exceeding collections and higher dealer wholesale balances.\\n• Average debt balances increased $666.7 million (excluding foreign exchange effects) in 2018. The higher average\\ndebt balances reflect funding for a higher average earning assets portfolio, which includes loans, finance leases,\\nwholesale and equipment on operating lease.\\n• Higher portfolio yields (5.0% in 2018 compared to 4.8% in 2017) increased interest and fees by $21.0 million.\\nThe higher portfolio yields were primarily due to higher market rates in North America.\\n• Higher borrowing rates (2.0% in 2018 compared to 1.7% in 2017) were primarily due to higher debt market rates\\nin North America.\\n\\nThe following table summarizes operating lease, rental and other revenues and depreciation and other expenses:\\n\\n($ in millions)\\nYear Ended December 31,\\n\\n2018\\n\\nOperating lease and rental revenues\\nUsed truck sales and other\\nOperating lease, rental and other revenues\\n\\n$\\n\\nDepreciation of operating lease equipment\\nVehicle operating expenses\\nCost of used truck sales and other\\nDepreciation and other expenses\\n\\n$\\n\\n$\\n\\n$\\n\\n2017\\n\\n826.0\\n33.4\\n859.4\\n\\n$\\n\\n588.2\\n121.5\\n18.3\\n728.0\\n\\n$\\n\\n$\\n\\n$\\n\\n784.6\\n53.2\\n837.8\\n\\n587.4\\n99.6\\n40.5\\n727.5\"},\"name\":\"fintabnet.PCAR_2018_page_34__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":72271,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:PCAR_2018\",\"dpi\":72,\"gt_sha256\":\"7b0236d34ec413b02044f6fe974ba1f8d5a61526ec9dffe69c79c0c3a05c0d36\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PCAR_2018_page_34__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.PCAR_2018_page_34\",\"pdf_sha256\":\"98118f7036b809f46d50b49c3a5568ffd8a224b353c0792bb6e4fd930b1d7d3b\",\"px\":[612,792],\"scan\":{\"render\":\"000000007ffc7ffc7ff860fc780478fc3ff83ff8200070143010301000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"PCAR_2018_page_34\",\"src\":{\"file_sha256\":\"0417bd5104b745313a9f66e992b81f9600b1110e20174885d6b0ed58372fe280\",\"render\":\"000000007ff87ff87c0060fc30047ffc7ff87ff830007c3c7c14781000000000\",\"text\":\"bb6fe04c80b7bc098a79fac427abb15731e3dfacf40457886bba4238ebe1ab0b\"},\"stack\":[{\"amp\":0.078,\"angle\":274.1,\"blob\":0.261,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.499},{\"op\":\"jpeg\",\"q\":79}],\"tools\":\"21647cade0ee\"},\"sha256\":\"98118f7036b809f46d50b49c3a5568ffd8a224b353c0792bb6e4fd930b1d7d3b\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/98118f7036b809f46d50b49c3a5568ffd8a224b353c0792bb6e4fd930b1d7d3b.pdf","asset_sha256":"98118f7036b809f46d50b49c3a5568ffd8a224b353c0792bb6e4fd930b1d7d3b","document_id":"fintabnet:PCAR_2018","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PCAR_2018_page_34\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PKG_2005_page_44\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PKG_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[191.8,171.8,270.1,222.8],\"lines\":[{\"bbox\":[195.8,171.8,266.1,200.6],\"text\":\"Exhibit\"},{\"bbox\":[191.8,193.9,270.1,222.8],\"text\":\"Number\"}],\"order\":0,\"text\":\"Exhibit\\nNumber\"},{\"bbox\":[198.8,221.1,247.6,257.2],\"lines\":[{\"bbox\":[198.8,221.1,247.6,257.2],\"text\":\"10.2\"}],\"order\":1,\"text\":\"10.2\"},{\"bbox\":[297.1,193.9,408.8,222.8],\"lines\":[{\"bbox\":[297.1,193.9,408.8,222.8],\"text\":\"Description\"}],\"order\":2,\"text\":\"Description\"},{\"bbox\":[297.2,221.1,1436.9,392.6],\"lines\":[{\"bbox\":[297.2,221.1,1417.5,257.2],\"text\":\"Credit and Security Agreement, dated as of November 29, 2000, among Packaging Receivables\"},{\"bbox\":[297.2,254.9,1436.9,291.1],\"text\":\"Company, LLC (“PRC”), Packaging Credit Company, LLC (“PCC”), Blue Ridge Asset Funding\"},{\"bbox\":[297.2,288.7,1424.3,324.9],\"text\":\"Corporation (“Blue Ridge”), and Wachovia Bank, N.A. (“Wachovia”). (Incorporated herein by\"},{\"bbox\":[297.2,322.6,1370.2,358.7],\"text\":\"reference to Exhibit 10.23 to PCA’s Annual Report on Form 10-K for the fiscal year ended\"},{\"bbox\":[297.2,356.4,543.0,392.6],\"text\":\"December 31, 2001.)\"}],\"order\":3,\"text\":\"Credit and Security Agreement, dated as of November 29, 2000, among Packaging Receivables\\nCompany, LLC (“PRC”), Packaging Credit Company, LLC (“PCC”), Blue Ridge Asset Funding\\nCorporation (“Blue Ridge”), and Wachovia Bank, N.A. (“Wachovia”). (Incorporated herein by\\nreference to Exhibit 10.23 to PCA’s Annual Report on Form 10-K for the fiscal year ended\\nDecember 31, 2001.)\"},{\"bbox\":[198.8,407.1,247.6,443.2],\"lines\":[{\"bbox\":[198.8,407.1,247.6,443.2],\"text\":\"10.3\"}],\"order\":4,\"text\":\"10.3\"},{\"bbox\":[297.2,407.1,1456.5,510.9],\"lines\":[{\"bbox\":[297.2,407.1,1313.9,443.2],\"text\":\"Receivables Sale Agreement, dated as of November 29, 2000, between PCC and PCA.\"},{\"bbox\":[297.2,440.9,1456.5,477.1],\"text\":\"(Incorporated herein by reference to Exhibit 10.24 to PCA’s Annual Report on Form 10-K for the\"},{\"bbox\":[297.2,474.7,748.3,510.9],\"text\":\"fiscal year ended December 31, 2001.)\"}],\"order\":5,\"text\":\"Receivables Sale Agreement, dated as of November 29, 2000, between PCC and PCA.\\n(Incorporated herein by reference to Exhibit 10.24 to PCA’s Annual Report on Form 10-K for the\\nfiscal year ended December 31, 2001.)\"},{\"bbox\":[198.8,525.2,247.6,561.4],\"lines\":[{\"bbox\":[198.8,525.2,247.6,561.4],\"text\":\"10.4\"}],\"order\":6,\"text\":\"10.4\"},{\"bbox\":[297.2,525.2,1456.5,629.2],\"lines\":[{\"bbox\":[297.2,525.2,1331.8,561.4],\"text\":\"Purchase and Sale Agreement, dated as of November 29, 2000, between PCC and PRC.\"},{\"bbox\":[297.2,559.1,1456.5,595.2],\"text\":\"(Incorporated herein by reference to Exhibit 10.25 to PCA’s Annual Report on Form 10-K for the\"},{\"bbox\":[297.2,593.1,748.3,629.2],\"text\":\"fiscal year ended December 31, 2001.)\"}],\"order\":7,\"text\":\"Purchase and Sale Agreement, dated as of November 29, 2000, between PCC and PRC.\\n(Incorporated herein by reference to Exhibit 10.25 to PCA’s Annual Report on Form 10-K for the\\nfiscal year ended December 31, 2001.)\"},{\"bbox\":[198.8,643.6,247.6,679.7],\"lines\":[{\"bbox\":[198.8,643.6,247.6,679.7],\"text\":\"10.5\"}],\"order\":8,\"text\":\"10.5\"},{\"bbox\":[297.2,643.6,1409.0,747.4],\"lines\":[{\"bbox\":[297.2,643.6,1409.0,679.7],\"text\":\"Amendment No. 1 to Credit and Security Agreement, dated as of April 12, 2001, among PRC,\"},{\"bbox\":[297.2,677.4,1387.3,713.6],\"text\":\"PCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.1 to PCA’s\"},{\"bbox\":[297.2,711.2,1190.0,747.4],\"text\":\"Quarterly Report on Form 10-Q for the period ended September 30, 2003.)\"}],\"order\":9,\"text\":\"Amendment No. 1 to Credit and Security Agreement, dated as of April 12, 2001, among PRC,\\nPCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.1 to PCA’s\\nQuarterly Report on Form 10-Q for the period ended September 30, 2003.)\"},{\"bbox\":[198.8,761.7,247.6,797.9],\"lines\":[{\"bbox\":[198.8,761.7,247.6,797.9],\"text\":\"10.6\"}],\"order\":10,\"text\":\"10.6\"},{\"bbox\":[297.2,761.7,1462.2,865.8],\"lines\":[{\"bbox\":[297.2,761.7,1462.2,797.9],\"text\":\"Second Amendment to Credit and Security Agreement, dated as of January 31, 2003, among PRC,\"},{\"bbox\":[297.2,795.6,1387.3,831.8],\"text\":\"PCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.2 to PCA’s\"},{\"bbox\":[297.2,829.6,1190.0,865.8],\"text\":\"Quarterly Report on Form 10-Q for the period ended September 30, 2003.)\"}],\"order\":11,\"text\":\"Second Amendment to Credit and Security Agreement, dated as of January 31, 2003, among PRC,\\nPCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.2 to PCA’s\\nQuarterly Report on Form 10-Q for the period ended September 30, 2003.)\"},{\"bbox\":[198.8,880.1,247.6,916.3],\"lines\":[{\"bbox\":[198.8,880.1,247.6,916.3],\"text\":\"10.7\"}],\"order\":12,\"text\":\"10.7\"},{\"bbox\":[297.2,880.1,1459.0,983.9],\"lines\":[{\"bbox\":[297.2,880.1,1406.3,916.3],\"text\":\"Third Amendment to Credit and Security Agreement, dated as of September 30, 2003, among\"},{\"bbox\":[297.2,913.9,1459.0,950.1],\"text\":\"PRC, PCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.3 to PCA’s\"},{\"bbox\":[297.2,947.7,1190.0,983.9],\"text\":\"Quarterly Report on Form 10-Q for the period ended September 30, 2003.)\"}],\"order\":13,\"text\":\"Third Amendment to Credit and Security Agreement, dated as of September 30, 2003, among\\nPRC, PCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.3 to PCA’s\\nQuarterly Report on Form 10-Q for the period ended September 30, 2003.)\"},{\"bbox\":[198.8,998.2,247.6,1034.4],\"lines\":[{\"bbox\":[198.8,998.2,247.6,1034.4],\"text\":\"10.8\"}],\"order\":14,\"text\":\"10.8\"},{\"bbox\":[297.2,998.2,1430.7,1068.3],\"lines\":[{\"bbox\":[297.2,998.2,1430.7,1034.4],\"text\":\"Registration Rights Agreement, dated as of April 12, 1999, by and among Pactiv, PCA Holdings\"},{\"bbox\":[297.2,1032.1,448.3,1068.3],\"text\":\"and PCA.(1)\"}],\"order\":15,\"text\":\"Registration Rights Agreement, dated as of April 12, 1999, by and among Pactiv, PCA Holdings\\nand PCA.(1)\"},{\"bbox\":[198.8,1082.7,247.6,1118.9],\"lines\":[{\"bbox\":[198.8,1082.7,247.6,1118.9],\"text\":\"10.9\"}],\"order\":16,\"text\":\"10.9\"},{\"bbox\":[297.2,1082.7,1452.4,1152.8],\"lines\":[{\"bbox\":[297.2,1082.7,1452.4,1118.9],\"text\":\"Holding Company Support Agreement, dated as of April 12, 1999, by and between PCA Holdings\"},{\"bbox\":[297.2,1116.6,448.3,1152.8],\"text\":\"and PCA.(1)\"}],\"order\":17,\"text\":\"Holding Company Support Agreement, dated as of April 12, 1999, by and between PCA Holdings\\nand PCA.(1)\"},{\"bbox\":[198.8,1167.1,261.4,1203.3],\"lines\":[{\"bbox\":[198.8,1167.1,261.4,1203.3],\"text\":\"10.10\"}],\"order\":18,\"text\":\"10.10\"},{\"bbox\":[297.2,1167.1,1463.2,1270.9],\"lines\":[{\"bbox\":[297.2,1167.1,1463.2,1203.3],\"text\":\"Fourth Amendment to Credit and Security Agreement, dated as of October 10, 2003, among PRC,\"},{\"bbox\":[297.2,1200.9,1387.3,1237.1],\"text\":\"PCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.4 to PCA’s\"},{\"bbox\":[297.2,1234.7,1190.0,1270.9],\"text\":\"Quarterly Report on Form 10-Q for the period ended September 30, 2003.)\"}],\"order\":19,\"text\":\"Fourth Amendment to Credit and Security Agreement, dated as of October 10, 2003, among PRC,\\nPCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.4 to PCA’s\\nQuarterly Report on Form 10-Q for the period ended September 30, 2003.)\"},{\"bbox\":[198.8,1285.2,261.4,1321.4],\"lines\":[{\"bbox\":[198.8,1285.2,261.4,1321.4],\"text\":\"10.11\"}],\"order\":20,\"text\":\"10.11\"},{\"bbox\":[297.2,1285.2,1465.2,1355.4],\"lines\":[{\"bbox\":[297.2,1285.2,1465.2,1321.4],\"text\":\"Human Resources Agreement, dated as of April 12, 1999, by and among Tenneco Automotive Inc.\"},{\"bbox\":[297.2,1319.3,943.5,1355.4],\"text\":\"(formerly known as Tenneco Inc.), Pactiv and PCA.(1)\"}],\"order\":21,\"text\":\"Human Resources Agreement, dated as of April 12, 1999, by and among Tenneco Automotive Inc.\\n(formerly known as Tenneco Inc.), Pactiv and PCA.(1)\"},{\"bbox\":[198.8,1369.8,261.4,1405.9],\"lines\":[{\"bbox\":[198.8,1369.8,261.4,1405.9],\"text\":\"10.12\"}],\"order\":22,\"text\":\"10.12\"},{\"bbox\":[297.2,1369.8,1417.6,1473.6],\"lines\":[{\"bbox\":[297.2,1369.8,1417.6,1405.9],\"text\":\"Fifth Amendment to Credit and Security Agreement, dated as of October 8, 2004, among PRC\"},{\"bbox\":[297.2,1403.6,1387.3,1439.8],\"text\":\"PCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.1 to PCA’s\"},{\"bbox\":[297.2,1437.4,1190.0,1473.6],\"text\":\"Quarterly Report on Form 10-Q for the period ended September 30, 2004.)\"}],\"order\":23,\"text\":\"Fifth Amendment to Credit and Security Agreement, dated as of October 8, 2004, among PRC\\nPCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.1 to PCA’s\\nQuarterly Report on Form 10-Q for the period ended September 30, 2004.)\"},{\"bbox\":[198.8,1487.9,261.4,1524.1],\"lines\":[{\"bbox\":[198.8,1487.9,261.4,1524.1],\"text\":\"10.13\"}],\"order\":24,\"text\":\"10.13\"},{\"bbox\":[297.2,1487.9,555.9,1524.1],\"lines\":[{\"bbox\":[297.2,1487.9,555.9,1524.1],\"text\":\"Intentionally omitted.\"}],\"order\":25,\"text\":\"Intentionally omitted.\"},{\"bbox\":[198.8,1538.4,261.4,1574.6],\"lines\":[{\"bbox\":[198.8,1538.4,261.4,1574.6],\"text\":\"10.14\"}],\"order\":26,\"text\":\"10.14\"},{\"bbox\":[297.2,1538.4,555.9,1574.6],\"lines\":[{\"bbox\":[297.2,1538.4,555.9,1574.6],\"text\":\"Intentionally omitted.\"}],\"order\":27,\"text\":\"Intentionally omitted.\"},{\"bbox\":[198.8,1589.1,261.4,1625.3],\"lines\":[{\"bbox\":[198.8,1589.1,261.4,1625.3],\"text\":\"10.15\"}],\"order\":28,\"text\":\"10.15\"},{\"bbox\":[297.2,1589.1,555.9,1625.3],\"lines\":[{\"bbox\":[297.2,1589.1,555.9,1625.3],\"text\":\"Intentionally omitted.\"}],\"order\":29,\"text\":\"Intentionally omitted.\"},{\"bbox\":[198.8,1639.6,261.4,1675.8],\"lines\":[{\"bbox\":[198.8,1639.6,261.4,1675.8],\"text\":\"10.16\"}],\"order\":30,\"text\":\"10.16\"},{\"bbox\":[297.2,1639.6,1443.0,1709.6],\"lines\":[{\"bbox\":[297.2,1639.6,1443.0,1675.8],\"text\":\"Letter Agreement Regarding Terms of Employment, dated as of January 25, 1999, between PCA\"},{\"bbox\":[297.2,1673.4,576.4,1709.6],\"text\":\"and Paul T. Stecko.*(1)\"}],\"order\":31,\"text\":\"Letter Agreement Regarding Terms of Employment, dated as of January 25, 1999, between PCA\\nand Paul T. Stecko.*(1)\"},{\"bbox\":[198.8,1723.9,261.4,1760.1],\"lines\":[{\"bbox\":[198.8,1723.9,261.4,1760.1],\"text\":\"10.17\"}],\"order\":32,\"text\":\"10.17\"},{\"bbox\":[297.2,1723.9,1453.3,1793.9],\"lines\":[{\"bbox\":[297.2,1723.9,1453.3,1760.1],\"text\":\"Letter Agreement Regarding Terms of Employment, dated as of May 19, 1999, between PCA and\"},{\"bbox\":[297.2,1757.8,525.6,1793.9],\"text\":\"Paul T. Stecko.*(1)\"}],\"order\":33,\"text\":\"Letter Agreement Regarding Terms of Employment, dated as of May 19, 1999, between PCA and\\nPaul T. Stecko.*(1)\"},{\"bbox\":[811.0,1941.4,838.9,1977.6],\"lines\":[{\"bbox\":[811.0,1941.4,838.9,1977.6],\"text\":\"38\"}],\"order\":34,\"text\":\"38\"}],\"doc\":\"fintabnet:PKG_2005\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"Exhibit\\nNumber\\n\\n10.2\\n\\nDescription\\n\\nCredit and Security Agreement, dated as of November 29, 2000, among Packaging Receivables\\nCompany, LLC (“PRC”), Packaging Credit Company, LLC (“PCC”), Blue Ridge Asset Funding\\nCorporation (“Blue Ridge”), and Wachovia Bank, N.A. (“Wachovia”). (Incorporated herein by\\nreference to Exhibit 10.23 to PCA’s Annual Report on Form 10-K for the fiscal year ended\\nDecember 31, 2001.)\\n\\n10.3\\n\\nReceivables Sale Agreement, dated as of November 29, 2000, between PCC and PCA.\\n(Incorporated herein by reference to Exhibit 10.24 to PCA’s Annual Report on Form 10-K for the\\nfiscal year ended December 31, 2001.)\\n\\n10.4\\n\\nPurchase and Sale Agreement, dated as of November 29, 2000, between PCC and PRC.\\n(Incorporated herein by reference to Exhibit 10.25 to PCA’s Annual Report on Form 10-K for the\\nfiscal year ended December 31, 2001.)\\n\\n10.5\\n\\nAmendment No. 1 to Credit and Security Agreement, dated as of April 12, 2001, among PRC,\\nPCC, Blue Ridge and Wachovia. 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(Incorporated herein by reference to Exhibit 10.3 to PCA’s\\nQuarterly Report on Form 10-Q for the period ended September 30, 2003.)\\n\\n10.8\\n\\nRegistration Rights Agreement, dated as of April 12, 1999, by and among Pactiv, PCA Holdings\\nand PCA.(1)\\n\\n10.9\\n\\nHolding Company Support Agreement, dated as of April 12, 1999, by and between PCA Holdings\\nand PCA.(1)\\n\\n10.10\\n\\nFourth Amendment to Credit and Security Agreement, dated as of October 10, 2003, among PRC,\\nPCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.4 to PCA’s\\nQuarterly Report on Form 10-Q for the period ended September 30, 2003.)\\n\\n10.11\\n\\nHuman Resources Agreement, dated as of April 12, 1999, by and among Tenneco Automotive Inc.\\n(formerly known as Tenneco Inc.), Pactiv and PCA.(1)\\n\\n10.12\\n\\nFifth Amendment to Credit and Security Agreement, dated as of October 8, 2004, among PRC\\nPCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.1 to PCA’s\\nQuarterly Report on Form 10-Q for the period ended September 30, 2004.)\\n\\n10.13\\n\\nIntentionally omitted.\\n\\n10.14\\n\\nIntentionally omitted.\\n\\n10.15\\n\\nIntentionally omitted.\\n\\n10.16\\n\\nLetter Agreement Regarding Terms of Employment, dated as of January 25, 1999, between PCA\\nand Paul T. Stecko.*(1)\\n\\n10.17\\n\\nLetter Agreement Regarding Terms of Employment, dated as of May 19, 1999, between PCA and\\nPaul T. Stecko.*(1)\\n\\n38\",\"name\":\"fintabnet.PKG_2005_page_44__200dpi_none\",\"page_id\":\"fintabnet.PKG_2005_page_44\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PKG_2005_page_44\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[198.8,220.7,1465.2,1791.3],\"block_orders\":[1,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33],\"cells\":null}],\"text\":\"Exhibit\\nNumber\\n\\n10.2\\n\\nDescription\\n\\nCredit and Security Agreement, dated as of November 29, 2000, among Packaging Receivables\\nCompany, LLC (“PRC”), Packaging Credit Company, LLC (“PCC”), Blue Ridge Asset Funding\\nCorporation (“Blue Ridge”), and Wachovia Bank, N.A. (“Wachovia”). (Incorporated herein by\\nreference to Exhibit 10.23 to PCA’s Annual Report on Form 10-K for the fiscal year ended\\nDecember 31, 2001.)\\n\\n10.3\\n\\nReceivables Sale Agreement, dated as of November 29, 2000, between PCC and PCA.\\n(Incorporated herein by reference to Exhibit 10.24 to PCA’s Annual Report on Form 10-K for the\\nfiscal year ended December 31, 2001.)\\n\\n10.4\\n\\nPurchase and Sale Agreement, dated as of November 29, 2000, between PCC and PRC.\\n(Incorporated herein by reference to Exhibit 10.25 to PCA’s Annual Report on Form 10-K for the\\nfiscal year ended December 31, 2001.)\\n\\n10.5\\n\\nAmendment No. 1 to Credit and Security Agreement, dated as of April 12, 2001, among PRC,\\nPCC, Blue Ridge and Wachovia. 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(Incorporated herein by reference to Exhibit 10.3 to PCA’s\\nQuarterly Report on Form 10-Q for the period ended September 30, 2003.)\\n\\n10.8\\n\\nRegistration Rights Agreement, dated as of April 12, 1999, by and among Pactiv, PCA Holdings\\nand PCA.(1)\\n\\n10.9\\n\\nHolding Company Support Agreement, dated as of April 12, 1999, by and between PCA Holdings\\nand PCA.(1)\\n\\n10.10\\n\\nFourth Amendment to Credit and Security Agreement, dated as of October 10, 2003, among PRC,\\nPCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.4 to PCA’s\\nQuarterly Report on Form 10-Q for the period ended September 30, 2003.)\\n\\n10.11\\n\\nHuman Resources Agreement, dated as of April 12, 1999, by and among Tenneco Automotive Inc.\\n(formerly known as Tenneco Inc.), Pactiv and PCA.(1)\\n\\n10.12\\n\\nFifth Amendment to Credit and Security Agreement, dated as of October 8, 2004, among PRC\\nPCC, Blue Ridge and Wachovia. (Incorporated herein by reference to Exhibit 10.1 to PCA’s\\nQuarterly Report on Form 10-Q for the period ended September 30, 2004.)\\n\\n10.13\\n\\nIntentionally omitted.\\n\\n10.14\\n\\nIntentionally omitted.\\n\\n10.15\\n\\nIntentionally omitted.\\n\\n10.16\\n\\nLetter Agreement Regarding Terms of Employment, dated as of January 25, 1999, between PCA\\nand Paul T. Stecko.*(1)\\n\\n10.17\\n\\nLetter Agreement Regarding Terms of Employment, dated as of May 19, 1999, between PCA and\\nPaul T. 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December 31, 2010:\\nDeducted from assets accounts:\\nAllowance for doubtful accounts . . . . . . . . . .\\nReserve for customer deductions . . . . . . . . . .\"},{\"bbox\":[437.0,176.4,475.3,208.6],\"lines\":[{\"bbox\":[437.0,176.4,475.2,189.1],\"text\":\"$3,909\"},{\"bbox\":[444.0,195.8,475.3,208.6],\"text\":\"2,439\"}],\"order\":5,\"text\":\"$3,909\\n2,439\"},{\"bbox\":[512.0,176.4,561.7,208.6],\"lines\":[{\"bbox\":[512.0,176.4,561.7,189.1],\"text\":\"$ (937)\"},{\"bbox\":[518.9,195.8,557.1,208.6],\"text\":\"27,007\"}],\"order\":6,\"text\":\"$ (937)\\n27,007\"},{\"bbox\":[584.0,176.4,591.0,189.1],\"lines\":[{\"bbox\":[584.0,176.4,591.0,189.1],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[165.3,219.5,411.7,232.2],\"lines\":[{\"bbox\":[165.3,219.5,411.7,232.2],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":8,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[437.0,219.5,475.2,232.2],\"lines\":[{\"bbox\":[437.0,219.5,475.2,232.2],\"text\":\"$6,348\"}],\"order\":9,\"text\":\"$6,348\"},{\"bbox\":[512.0,219.5,557.1,232.2],\"lines\":[{\"bbox\":[512.0,219.5,557.1,232.2],\"text\":\"$26,070\"}],\"order\":10,\"text\":\"$26,070\"},{\"bbox\":[584.0,219.5,638.4,232.2],\"lines\":[{\"bbox\":[584.0,219.5,638.4,232.2],\"text\":\"$(27,005)\"}],\"order\":11,\"text\":\"$(27,005)\"},{\"bbox\":[123.6,245.8,411.7,316.9],\"lines\":[{\"bbox\":[123.6,245.8,306.7,258.6],\"text\":\"Year ended December 31, 2009:\"},{\"bbox\":[137.6,265.3,316.2,278.0],\"text\":\"Deducted from assets accounts:\"},{\"bbox\":[151.4,284.7,411.7,297.4],\"text\":\"Allowance for doubtful accounts . . . . . . . . . .\"},{\"bbox\":[151.4,304.2,411.7,316.9],\"text\":\"Reserve for customer deductions . . . . . . . . . .\"}],\"order\":12,\"text\":\"Year ended December 31, 2009:\\nDeducted from assets accounts:\\nAllowance for doubtful accounts . . . . . . . . . .\\nReserve for customer deductions . . . . . . . . . .\"},{\"bbox\":[437.0,284.7,475.3,316.9],\"lines\":[{\"bbox\":[437.0,284.7,475.2,297.4],\"text\":\"$4,355\"},{\"bbox\":[444.0,304.2,475.3,316.9],\"text\":\"2,507\"}],\"order\":13,\"text\":\"$4,355\\n2,507\"},{\"bbox\":[512.0,284.7,557.1,316.9],\"lines\":[{\"bbox\":[512.0,284.7,557.1,297.4],\"text\":\"$ 1,506\"},{\"bbox\":[518.9,304.2,557.1,316.9],\"text\":\"22,683\"}],\"order\":14,\"text\":\"$ 1,506\\n22,683\"},{\"bbox\":[584.0,284.7,701.4,316.9],\"lines\":[{\"bbox\":[584.0,284.7,701.4,297.4],\"text\":\"$ (1,952)(1) $3,909\"},{\"bbox\":[591.0,304.2,701.4,316.9],\"text\":\"(22,751)(2) 2,439\"}],\"order\":15,\"text\":\"$ (1,952)(1) $3,909\\n(22,751)(2) 2,439\"},{\"bbox\":[165.3,327.8,411.7,340.5],\"lines\":[{\"bbox\":[165.3,327.8,411.7,340.5],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":16,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[437.0,327.8,475.2,340.5],\"lines\":[{\"bbox\":[437.0,327.8,475.2,340.5],\"text\":\"$6,862\"}],\"order\":17,\"text\":\"$6,862\"},{\"bbox\":[512.0,327.8,557.1,340.5],\"lines\":[{\"bbox\":[512.0,327.8,557.1,340.5],\"text\":\"$24,189\"}],\"order\":18,\"text\":\"$24,189\"},{\"bbox\":[584.0,327.8,638.4,340.5],\"lines\":[{\"bbox\":[584.0,327.8,638.4,340.5],\"text\":\"$(24,703)\"}],\"order\":19,\"text\":\"$(24,703)\"},{\"bbox\":[123.6,354.2,411.7,425.2],\"lines\":[{\"bbox\":[123.6,354.2,306.7,366.9],\"text\":\"Year ended December 31, 2008:\"},{\"bbox\":[137.6,373.6,316.2,386.3],\"text\":\"Deducted from assets accounts:\"},{\"bbox\":[151.4,393.1,411.7,405.8],\"text\":\"Allowance for doubtful accounts . . . . . . . . . .\"},{\"bbox\":[151.4,412.5,411.7,425.2],\"text\":\"Reserve for customer deductions . . . . . . . . . .\"}],\"order\":20,\"text\":\"Year ended December 31, 2008:\\nDeducted from assets accounts:\\nAllowance for doubtful accounts . . . . . . . . . .\\nReserve for customer deductions . . . . . . . . . .\"},{\"bbox\":[437.0,393.1,475.3,425.2],\"lines\":[{\"bbox\":[437.0,393.1,475.2,405.8],\"text\":\"$2,917\"},{\"bbox\":[444.0,412.5,475.3,425.2],\"text\":\"2,734\"}],\"order\":21,\"text\":\"$2,917\\n2,734\"},{\"bbox\":[512.0,393.1,557.1,425.2],\"lines\":[{\"bbox\":[512.0,393.1,557.1,405.8],\"text\":\"$ 4,162\"},{\"bbox\":[518.9,412.5,557.1,425.2],\"text\":\"23,767\"}],\"order\":22,\"text\":\"$ 4,162\\n23,767\"},{\"bbox\":[584.0,393.1,701.4,425.2],\"lines\":[{\"bbox\":[584.0,393.1,701.4,405.8],\"text\":\"$ (2,724)(1) $4,355\"},{\"bbox\":[591.0,412.5,701.4,425.2],\"text\":\"(23,994)(2) 2,507\"}],\"order\":23,\"text\":\"$ (2,724)(1) $4,355\\n(23,994)(2) 2,507\"},{\"bbox\":[165.3,436.1,411.7,448.9],\"lines\":[{\"bbox\":[165.3,436.1,411.7,448.9],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":24,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[437.0,436.1,475.2,448.9],\"lines\":[{\"bbox\":[437.0,436.1,475.2,448.9],\"text\":\"$5,651\"}],\"order\":25,\"text\":\"$5,651\"},{\"bbox\":[512.0,436.1,557.1,448.9],\"lines\":[{\"bbox\":[512.0,436.1,557.1,448.9],\"text\":\"$27,929\"}],\"order\":26,\"text\":\"$27,929\"},{\"bbox\":[584.0,436.1,638.4,448.9],\"lines\":[{\"bbox\":[584.0,436.1,638.4,448.9],\"text\":\"$(26,718)\"}],\"order\":27,\"text\":\"$(26,718)\"},{\"bbox\":[591.0,176.4,701.4,208.6],\"lines\":[{\"bbox\":[608.3,176.4,701.4,189.1],\"text\":\"(479)(1) $2,493\"},{\"bbox\":[591.0,195.8,701.4,208.6],\"text\":\"(26,526)(2) 2,920\"}],\"order\":28,\"text\":\"(479)(1) $2,493\\n(26,526)(2) 2,920\"},{\"bbox\":[663.2,219.5,701.4,232.2],\"lines\":[{\"bbox\":[663.2,219.5,701.4,232.2],\"text\":\"$5,413\"}],\"order\":29,\"text\":\"$5,413\"},{\"bbox\":[663.2,327.8,701.4,340.5],\"lines\":[{\"bbox\":[663.2,327.8,701.4,340.5],\"text\":\"$6,348\"}],\"order\":30,\"text\":\"$6,348\"},{\"bbox\":[663.2,436.1,701.4,448.9],\"lines\":[{\"bbox\":[663.2,436.1,701.4,448.9],\"text\":\"$6,862\"}],\"order\":31,\"text\":\"$6,862\"},{\"bbox\":[95.8,475.1,634.2,487.8],\"lines\":[{\"bbox\":[95.8,475.1,634.2,487.8],\"text\":\"(1) Consists primarily of uncollectable accounts written off, net of recoveries, during the year.\"}],\"order\":32,\"text\":\"(1) Consists primarily of uncollectable accounts written off, net of recoveries, during the year.\"},{\"bbox\":[95.8,495.9,502.6,508.6],\"lines\":[{\"bbox\":[95.8,495.9,502.6,508.6],\"text\":\"(2) Consists primarily of discounts taken by customers during the year.\"}],\"order\":33,\"text\":\"(2) Consists primarily of discounts taken by customers during the year.\"},{\"bbox\":[95.8,520.9,724.7,583.6],\"lines\":[{\"bbox\":[123.6,520.9,724.7,533.6],\"text\":\"All other schedules for which provision is made in the applicable accounting regulations of the Securities\"},{\"bbox\":[95.8,537.6,720.1,550.3],\"text\":\"and Exchange Commission are not required under the related instructions, are inapplicable or not material, or\"},{\"bbox\":[95.8,554.3,723.0,567.0],\"text\":\"the information called for thereby is otherwise included in the financial statements or the accompanying notes\"},{\"bbox\":[95.8,570.9,439.2,583.6],\"text\":\"to the financial statements and therefore, have been omitted.\"}],\"order\":34,\"text\":\"All other schedules for which provision is made in the applicable accounting regulations of the Securities\\nand Exchange Commission are not required under the related instructions, are inapplicable or not material, or\\nthe information called for thereby is otherwise included in the financial statements or the accompanying notes\\nto the financial statements and therefore, have been omitted.\"},{\"bbox\":[95.8,604.3,112.8,616.8],\"lines\":[{\"bbox\":[95.8,604.3,112.8,616.8],\"text\":\"(b)\"}],\"order\":35,\"text\":\"(b)\"},{\"bbox\":[126.7,604.3,176.1,616.8],\"lines\":[{\"bbox\":[126.7,604.3,176.1,616.8],\"text\":\"Exhibits\"}],\"order\":36,\"text\":\"Exhibits\"},{\"bbox\":[95.8,625.7,135.3,646.8],\"lines\":[{\"bbox\":[98.0,625.7,133.2,635.7],\"text\":\"Exhibit\"},{\"bbox\":[95.8,636.8,135.3,646.8],\"text\":\"Number\"}],\"order\":37,\"text\":\"Exhibit\\nNumber\"},{\"bbox\":[110.4,658.4,127.8,671.2],\"lines\":[{\"bbox\":[110.4,658.4,127.8,671.2],\"text\":\"2.1\"}],\"order\":38,\"text\":\"2.1\"},{\"bbox\":[110.4,723.7,127.8,736.4],\"lines\":[{\"bbox\":[110.4,723.7,127.8,736.4],\"text\":\"2.2\"}],\"order\":39,\"text\":\"2.2\"},{\"bbox\":[110.4,773.7,127.8,786.4],\"lines\":[{\"bbox\":[110.4,773.7,127.8,786.4],\"text\":\"3.1\"}],\"order\":40,\"text\":\"3.1\"},{\"bbox\":[110.4,808.4,127.8,821.2],\"lines\":[{\"bbox\":[110.4,808.4,127.8,821.2],\"text\":\"3.2\"}],\"order\":41,\"text\":\"3.2\"},{\"bbox\":[110.4,843.2,127.8,855.9],\"lines\":[{\"bbox\":[110.4,843.2,127.8,855.9],\"text\":\"3.3\"}],\"order\":42,\"text\":\"3.3\"},{\"bbox\":[110.4,877.9,127.8,890.6],\"lines\":[{\"bbox\":[110.4,877.9,127.8,890.6],\"text\":\"4.1\"}],\"order\":43,\"text\":\"4.1\"},{\"bbox\":[110.4,912.6,127.8,925.3],\"lines\":[{\"bbox\":[110.4,912.6,127.8,925.3],\"text\":\"4.2\"}],\"order\":44,\"text\":\"4.2\"},{\"bbox\":[411.7,636.8,466.7,646.8],\"lines\":[{\"bbox\":[411.7,636.8,466.7,646.8],\"text\":\"Description\"}],\"order\":45,\"text\":\"Description\"},{\"bbox\":[149.2,658.4,729.3,955.9],\"lines\":[{\"bbox\":[149.2,658.4,729.2,671.2],\"text\":\"Contribution Agreement, dated as of January 25, 1999, among Pactiv Corporation (formerly known as\"},{\"bbox\":[149.2,673.7,729.0,686.4],\"text\":\"Tenneco Packaging Inc.) (“Pactiv”), PCA Holdings LLC (“PCA Holdings”) and Packaging Corporation\"},{\"bbox\":[149.2,689.0,729.2,701.7],\"text\":\"of America (“PCA”). (Incorporated herein by reference to Exhibit 2.1 to PCA’s registration Statement on\"},{\"bbox\":[149.2,704.3,376.3,717.0],\"text\":\"Form S-4, Registration No. 333-79511).\"},{\"bbox\":[149.2,723.7,729.3,736.4],\"text\":\"Letter Agreement Amending the Contribution Agreement, dated as of April 12, 1999, among Pactiv, PCA\"},{\"bbox\":[149.2,739.0,729.2,751.7],\"text\":\"Holdings and PCA. (Incorporated herein by reference to Exhibit 2.2 to PCA’s Registration Statement on\"},{\"bbox\":[149.2,754.3,376.3,767.0],\"text\":\"Form S-4, Registration No. 333-79511).\"},{\"bbox\":[149.2,773.7,729.3,786.4],\"text\":\"Restated Certificate of Incorporation of PCA. (Incorporated herein by reference to Exhibit 3.1 to PCA’s\"},{\"bbox\":[149.2,789.0,527.4,801.7],\"text\":\"Registration Statement on Form S-4, Registration No. 333-79511).\"},{\"bbox\":[149.2,808.4,729.1,821.2],\"text\":\"Certificate of Amendment to Restated Certificate of Incorporation of PCA. (Incorporated herein by\"},{\"bbox\":[149.2,823.7,727.8,836.5],\"text\":\"reference to Exhibit 3.2 to PCA’s Registration Statement on Form S-4, Registration No. 333-109437.)\"},{\"bbox\":[149.2,843.2,729.3,855.9],\"text\":\"Amended and Restated By-laws of PCA. (Incorporated herein by reference to Exhibit 3.1 to PCA’s\"},{\"bbox\":[149.2,858.5,564.9,871.2],\"text\":\"Current Report on Form 8-K filed December 5, 2008, File No. 1-15399.)\"},{\"bbox\":[149.2,877.9,729.1,890.6],\"text\":\"Form of certificate representing shares of common stock. (Incorporated herein by reference to Exhibit 4.9\"},{\"bbox\":[149.2,893.2,581.9,905.9],\"text\":\"to PCA’s Registration Statement on Form S-1, Registration No. 333-86963.)\"},{\"bbox\":[149.2,912.6,728.9,925.3],\"text\":\"Indenture, dated as of July 21, 2003, between PCA and U.S. Bank National Association. (Incorporated\"},{\"bbox\":[149.2,927.9,729.1,940.6],\"text\":\"herein by reference to Exhibit 4.2 to PCA’s Quarterly Report on Form 10-Q for the period ended June 30,\"},{\"bbox\":[149.2,943.2,290.3,955.9],\"text\":\"2003, File No. 1-15399.)\"}],\"order\":46,\"text\":\"Contribution Agreement, dated as of January 25, 1999, among Pactiv Corporation (formerly known as\\nTenneco Packaging Inc.) (“Pactiv”), PCA Holdings LLC (“PCA Holdings”) and Packaging Corporation\\nof America (“PCA”). (Incorporated herein by reference to Exhibit 2.1 to PCA’s registration Statement on\\nForm S-4, Registration No. 333-79511).\\nLetter Agreement Amending the Contribution Agreement, dated as of April 12, 1999, among Pactiv, PCA\\nHoldings and PCA. (Incorporated herein by reference to Exhibit 2.2 to PCA’s Registration Statement on\\nForm S-4, Registration No. 333-79511).\\nRestated Certificate of Incorporation of PCA. (Incorporated herein by reference to Exhibit 3.1 to PCA’s\\nRegistration Statement on Form S-4, Registration No. 333-79511).\\nCertificate of Amendment to Restated Certificate of Incorporation of PCA. (Incorporated herein by\\nreference to Exhibit 3.2 to PCA’s Registration Statement on Form S-4, Registration No. 333-109437.)\\nAmended and Restated By-laws of PCA. (Incorporated herein by reference to Exhibit 3.1 to PCA’s\\nCurrent Report on Form 8-K filed December 5, 2008, File No. 1-15399.)\\nForm of certificate representing shares of common stock. (Incorporated herein by reference to Exhibit 4.9\\nto PCA’s Registration Statement on Form S-1, Registration No. 333-86963.)\\nIndenture, dated as of July 21, 2003, between PCA and U.S. Bank National Association. (Incorporated\\nherein by reference to Exhibit 4.2 to PCA’s Quarterly Report on Form 10-Q for the period ended June 30,\\n2003, File No. 1-15399.)\"},{\"bbox\":[405.6,986.1,419.5,998.8],\"lines\":[{\"bbox\":[405.6,986.1,419.5,998.8],\"text\":\"34\"}],\"order\":47,\"text\":\"34\"}],\"doc\":\"fintabnet:PKG_2010\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"Balance\\nBeginning of\\nYear\\n\\nDescription\\n\\nCharged to\\nExpenses\\nDeductions\\n(Dollars in thousands)\\n\\nBalance\\nEnd of\\nYear\\n\\nYear ended December 31, 2010:\\nDeducted from assets accounts:\\nAllowance for doubtful accounts . . . . . . . . . .\\nReserve for customer deductions . . . . . . . . . .\\n\\n$3,909\\n2,439\\n\\n$ (937)\\n27,007\\n\\n$\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$6,348\\n\\n$26,070\\n\\n$(27,005)\\n\\nYear ended December 31, 2009:\\nDeducted from assets accounts:\\nAllowance for doubtful accounts . . . . . . . . . .\\nReserve for customer deductions . . . . . . . . . .\\n\\n$4,355\\n2,507\\n\\n$ 1,506\\n22,683\\n\\n$ (1,952)(1) $3,909\\n(22,751)(2) 2,439\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$6,862\\n\\n$24,189\\n\\n$(24,703)\\n\\nYear ended December 31, 2008:\\nDeducted from assets accounts:\\nAllowance for doubtful accounts . . . . . . . . . .\\nReserve for customer deductions . . . . . . . . . .\\n\\n$2,917\\n2,734\\n\\n$ 4,162\\n23,767\\n\\n$ (2,724)(1) $4,355\\n(23,994)(2) 2,507\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$5,651\\n\\n$27,929\\n\\n$(26,718)\\n\\n(479)(1) $2,493\\n(26,526)(2) 2,920\\n\\n$5,413\\n\\n$6,348\\n\\n$6,862\\n\\n(1) Consists primarily of uncollectable accounts written off, net of recoveries, during the year.\\n\\n(2) Consists primarily of discounts taken by customers during the year.\\n\\nAll other schedules for which provision is made in the applicable accounting regulations of the Securities\\nand Exchange Commission are not required under the related instructions, are inapplicable or not material, or\\nthe information called for thereby is otherwise included in the financial statements or the accompanying notes\\nto the financial statements and therefore, have been omitted.\\n\\n(b)\\n\\nExhibits\\n\\nExhibit\\nNumber\\n\\n2.1\\n\\n2.2\\n\\n3.1\\n\\n3.2\\n\\n3.3\\n\\n4.1\\n\\n4.2\\n\\nDescription\\n\\nContribution Agreement, dated as of January 25, 1999, among Pactiv Corporation (formerly known as\\nTenneco Packaging Inc.) (“Pactiv”), PCA Holdings LLC (“PCA Holdings”) and Packaging Corporation\\nof America (“PCA”). (Incorporated herein by reference to Exhibit 2.1 to PCA’s registration Statement on\\nForm S-4, Registration No. 333-79511).\\nLetter Agreement Amending the Contribution Agreement, dated as of April 12, 1999, among Pactiv, PCA\\nHoldings and PCA. (Incorporated herein by reference to Exhibit 2.2 to PCA’s Registration Statement on\\nForm S-4, Registration No. 333-79511).\\nRestated Certificate of Incorporation of PCA. (Incorporated herein by reference to Exhibit 3.1 to PCA’s\\nRegistration Statement on Form S-4, Registration No. 333-79511).\\nCertificate of Amendment to Restated Certificate of Incorporation of PCA. (Incorporated herein by\\nreference to Exhibit 3.2 to PCA’s Registration Statement on Form S-4, Registration No. 333-109437.)\\nAmended and Restated By-laws of PCA. (Incorporated herein by reference to Exhibit 3.1 to PCA’s\\nCurrent Report on Form 8-K filed December 5, 2008, File No. 1-15399.)\\nForm of certificate representing shares of common stock. (Incorporated herein by reference to Exhibit 4.9\\nto PCA’s Registration Statement on Form S-1, Registration No. 333-86963.)\\nIndenture, dated as of July 21, 2003, between PCA and U.S. Bank National Association. (Incorporated\\nherein by reference to Exhibit 4.2 to PCA’s Quarterly Report on Form 10-Q for the period ended June 30,\\n2003, File No. 1-15399.)\\n\\n34\",\"name\":\"fintabnet.PKG_2010_page_36__100dpi_none\",\"page_id\":\"fintabnet.PKG_2010_page_36\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PKG_2010_page_36\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[123.6,79.9,701.4,448.9],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31],\"cells\":null}],\"text\":\"Balance\\nBeginning of\\nYear\\n\\nDescription\\n\\nCharged to\\nExpenses\\nDeductions\\n(Dollars in thousands)\\n\\nBalance\\nEnd of\\nYear\\n\\nYear ended December 31, 2010:\\nDeducted from assets accounts:\\nAllowance for doubtful accounts . . . . . . . . . .\\nReserve for customer deductions . . . . . . . . . .\\n\\n$3,909\\n2,439\\n\\n$ (937)\\n27,007\\n\\n$\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$6,348\\n\\n$26,070\\n\\n$(27,005)\\n\\nYear ended December 31, 2009:\\nDeducted from assets accounts:\\nAllowance for doubtful accounts . . . . . . . . . .\\nReserve for customer deductions . . . . . . . . . .\\n\\n$4,355\\n2,507\\n\\n$ 1,506\\n22,683\\n\\n$ (1,952)(1) $3,909\\n(22,751)(2) 2,439\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$6,862\\n\\n$24,189\\n\\n$(24,703)\\n\\nYear ended December 31, 2008:\\nDeducted from assets accounts:\\nAllowance for doubtful accounts . . . . . . . . . .\\nReserve for customer deductions . . . . . . . . . .\\n\\n$2,917\\n2,734\\n\\n$ 4,162\\n23,767\\n\\n$ (2,724)(1) $4,355\\n(23,994)(2) 2,507\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$5,651\\n\\n$27,929\\n\\n$(26,718)\\n\\n(479)(1) $2,493\\n(26,526)(2) 2,920\\n\\n$5,413\\n\\n$6,348\\n\\n$6,862\\n\\n(1) Consists primarily of uncollectable accounts written off, net of recoveries, during the year.\\n\\n(2) Consists primarily of discounts taken by customers during the year.\\n\\nAll other schedules for which provision is made in the applicable accounting regulations of the Securities\\nand Exchange Commission are not required under the related instructions, are inapplicable or not material, or\\nthe information called for thereby is otherwise included in the financial statements or the accompanying notes\\nto the financial statements and therefore, have been omitted.\\n\\n(b)\\n\\nExhibits\\n\\nExhibit\\nNumber\\n\\n2.1\\n\\n2.2\\n\\n3.1\\n\\n3.2\\n\\n3.3\\n\\n4.1\\n\\n4.2\\n\\nDescription\\n\\nContribution Agreement, dated as of January 25, 1999, among Pactiv Corporation (formerly known as\\nTenneco Packaging Inc.) (“Pactiv”), PCA Holdings LLC (“PCA Holdings”) and Packaging Corporation\\nof America (“PCA”). (Incorporated herein by reference to Exhibit 2.1 to PCA’s registration Statement on\\nForm S-4, Registration No. 333-79511).\\nLetter Agreement Amending the Contribution Agreement, dated as of April 12, 1999, among Pactiv, PCA\\nHoldings and PCA. (Incorporated herein by reference to Exhibit 2.2 to PCA’s Registration Statement on\\nForm S-4, Registration No. 333-79511).\\nRestated Certificate of Incorporation of PCA. (Incorporated herein by reference to Exhibit 3.1 to PCA’s\\nRegistration Statement on Form S-4, Registration No. 333-79511).\\nCertificate of Amendment to Restated Certificate of Incorporation of PCA. (Incorporated herein by\\nreference to Exhibit 3.2 to PCA’s Registration Statement on Form S-4, Registration No. 333-109437.)\\nAmended and Restated By-laws of PCA. (Incorporated herein by reference to Exhibit 3.1 to PCA’s\\nCurrent Report on Form 8-K filed December 5, 2008, File No. 1-15399.)\\nForm of certificate representing shares of common stock. (Incorporated herein by reference to Exhibit 4.9\\nto PCA’s Registration Statement on Form S-1, Registration No. 333-86963.)\\nIndenture, dated as of July 21, 2003, between PCA and U.S. Bank National Association. (Incorporated\\nherein by reference to Exhibit 4.2 to PCA’s Quarterly Report on Form 10-Q for the period ended June 30,\\n2003, File No. 1-15399.)\\n\\n34\"},\"name\":\"fintabnet.PKG_2010_page_36__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":77874,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PKG_2010\",\"dpi\":100,\"gt_sha256\":\"859639eb7dc4ea20a203815d2675aa34d9f470ac0b989f742f277a17d2c489e4\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PKG_2010_page_36__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.PKG_2010_page_36\",\"pdf_sha256\":\"1ae8ce7d36f8129e7d3a0f62c3b9e3f422e3e06176b10b71d3e602cc8fc45ce6\",\"px\":[825,1075],\"scan\":{\"render\":\"000000f41c001cbc1cbc1cbc10bc3ff03ffc30801ffc1ffc1ffc1ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"PKG_2010_page_36\",\"src\":{\"file_sha256\":\"458f154e735793f6b7b6d161da2e829ba20bc206d56a84f60cd97eeac951492f\",\"render\":\"000000f41c001cfc1cbc1cbc10fc3ff03ffc30801ffc1ffc1ffc1ffc00000000\",\"text\":\"56637637b909dbe67b508ba201db24112241b32773a13ddd0fcc466974631252\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"1ae8ce7d36f8129e7d3a0f62c3b9e3f422e3e06176b10b71d3e602cc8fc45ce6\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/1ae8ce7d36f8129e7d3a0f62c3b9e3f422e3e06176b10b71d3e602cc8fc45ce6.pdf","asset_sha256":"1ae8ce7d36f8129e7d3a0f62c3b9e3f422e3e06176b10b71d3e602cc8fc45ce6","document_id":"fintabnet:PKG_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PKG_2010_page_36\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PKG_2010_page_50\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PKG_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[460.1,118.0,777.7,136.8],\"lines\":[{\"bbox\":[460.1,118.0,777.7,136.8],\"text\":\"Packaging Corporation of America\"}],\"order\":0,\"text\":\"Packaging Corporation of America\"},{\"bbox\":[365.7,155.5,872.6,199.4],\"lines\":[{\"bbox\":[365.7,155.5,872.6,174.4],\"text\":\"Notes to Consolidated Financial Statements (Continued)\"},{\"bbox\":[533.2,180.6,704.9,199.4],\"text\":\"December 31, 2010\"}],\"order\":1,\"text\":\"Notes to Consolidated Financial Statements (Continued)\\nDecember 31, 2010\"},{\"bbox\":[164.7,231.7,437.3,250.5],\"lines\":[{\"bbox\":[164.7,231.7,437.3,250.5],\"text\":\"Property, Plant and Equipment\"}],\"order\":2,\"text\":\"Property, Plant and Equipment\"},{\"bbox\":[185.5,274.8,872.4,293.9],\"lines\":[{\"bbox\":[185.5,274.8,872.4,293.9],\"text\":\"Property, plant and equipment are recorded at cost, and consist of the following:\"}],\"order\":3,\"text\":\"Property, plant and equipment are recorded at cost, and consist of the following:\"},{\"bbox\":[853.5,312.5,1018.8,373.4],\"lines\":[{\"bbox\":[886.9,312.5,985.5,327.5],\"text\":\"December 31,\"},{\"bbox\":[853.5,335.4,886.8,350.5],\"text\":\"2010\"},{\"bbox\":[985.4,335.4,1018.8,350.5],\"text\":\"2009\"},{\"bbox\":[884.2,358.3,988.5,373.4],\"text\":\"(In thousands)\"}],\"order\":4,\"text\":\"December 31,\\n2010\\n2009\\n(In thousands)\"},{\"bbox\":[185.5,384.6,920.6,520.4],\"lines\":[{\"bbox\":[185.5,384.6,830.2,403.7],\"text\":\"Land and land improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\"},{\"bbox\":[863.3,384.6,920.6,403.7],\"text\":\"98,197\"},{\"bbox\":[185.5,413.8,799.0,432.9],\"text\":\"Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[852.7,413.8,920.5,432.9],\"text\":\"350,301\"},{\"bbox\":[185.5,442.9,799.0,462.0],\"text\":\"Machinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[837.1,442.9,920.5,462.0],\"text\":\"2,753,258\"},{\"bbox\":[185.5,472.1,799.0,491.2],\"text\":\"Construction in progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[852.7,472.1,920.5,491.2],\"text\":\"212,931\"},{\"bbox\":[185.5,501.3,799.0,520.4],\"text\":\"Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[863.2,501.3,920.6,520.4],\"text\":\"24,834\"}],\"order\":5,\"text\":\"Land and land improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n98,197\\nBuildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n350,301\\nMachinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2,753,258\\nConstruction in progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n212,931\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n24,834\"},{\"bbox\":[185.5,536.8,799.0,585.0],\"lines\":[{\"bbox\":[185.5,536.8,799.0,555.8],\"text\":\"Property, plant and equipment, at cost . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[185.5,565.9,799.0,585.0],\"text\":\"Less accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Property, plant and equipment, at cost . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[951.8,384.6,962.2,403.7],\"lines\":[{\"bbox\":[951.8,384.6,962.2,403.7],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[969.1,384.6,1052.6,520.4],\"lines\":[{\"bbox\":[995.2,384.6,1052.6,403.7],\"text\":\"98,066\"},{\"bbox\":[984.8,413.8,1052.6,432.9],\"text\":\"341,344\"},{\"bbox\":[969.1,442.9,1052.5,462.0],\"text\":\"2,665,876\"},{\"bbox\":[995.2,472.1,1052.6,491.2],\"text\":\"53,006\"},{\"bbox\":[995.2,501.3,1052.5,520.4],\"text\":\"25,322\"}],\"order\":8,\"text\":\"98,066\\n341,344\\n2,665,876\\n53,006\\n25,322\"},{\"bbox\":[830.1,536.8,927.4,585.0],\"lines\":[{\"bbox\":[837.1,536.8,920.5,555.8],\"text\":\"3,439,521\"},{\"bbox\":[830.1,565.9,927.4,585.0],\"text\":\"(2,101,535)\"}],\"order\":9,\"text\":\"3,439,521\\n(2,101,535)\"},{\"bbox\":[962.2,536.8,1059.5,585.0],\"lines\":[{\"bbox\":[969.1,536.8,1052.5,555.8],\"text\":\"3,183,614\"},{\"bbox\":[962.2,565.9,1059.5,585.0],\"text\":\"(2,001,110)\"}],\"order\":10,\"text\":\"3,183,614\\n(2,001,110)\"},{\"bbox\":[206.4,601.4,920.5,620.5],\"lines\":[{\"bbox\":[206.4,601.4,920.5,620.5],\"text\":\"Property, plant and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,337,986\"}],\"order\":11,\"text\":\"Property, plant and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,337,986\"},{\"bbox\":[951.7,601.4,1052.5,620.5],\"lines\":[{\"bbox\":[951.7,601.4,1052.5,620.5],\"text\":\"$ 1,182,504\"}],\"order\":12,\"text\":\"$ 1,182,504\"},{\"bbox\":[143.8,654.9,1076.0,699.0],\"lines\":[{\"bbox\":[185.5,654.9,1076.0,674.0],\"text\":\"The amount of interest capitalized related to construction in progress was $4.8 million, $0.9 million and\"},{\"bbox\":[143.8,680.0,846.8,699.0],\"text\":\"$1.3 million for the years ended December 31, 2010, 2009 and 2008, respectively.\"}],\"order\":13,\"text\":\"The amount of interest capitalized related to construction in progress was $4.8 million, $0.9 million and\\n$1.3 million for the years ended December 31, 2010, 2009 and 2008, respectively.\"},{\"bbox\":[143.8,723.0,1083.8,792.2],\"lines\":[{\"bbox\":[185.5,723.0,1065.7,742.1],\"text\":\"Depreciation is computed on the straight-line basis over the estimated useful lives of the related assets.\"},{\"bbox\":[143.8,748.0,1083.8,767.1],\"text\":\"Assets under capital leases are depreciated on the straight-line method over the term of the lease or the useful\"},{\"bbox\":[143.8,773.1,821.7,792.2],\"text\":\"life, if shorter. The following lives are used for the various categories of assets:\"}],\"order\":14,\"text\":\"Depreciation is computed on the straight-line basis over the estimated useful lives of the related assets.\\nAssets under capital leases are depreciated on the straight-line method over the term of the lease or the useful\\nlife, if shorter. The following lives are used for the various categories of assets:\"},{\"bbox\":[185.5,814.1,848.3,949.9],\"lines\":[{\"bbox\":[185.5,814.1,848.2,833.2],\"text\":\"Buildings and land improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[185.5,843.2,848.2,862.3],\"text\":\"Machinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[185.5,872.4,848.2,891.5],\"text\":\"Trucks and automobiles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[185.5,901.6,848.3,920.7],\"text\":\"Furniture and fixtures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[185.5,930.8,848.2,949.9],\"text\":\"Computers and hardware . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":15,\"text\":\"Buildings and land improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMachinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTrucks and automobiles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFurniture and fixtures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nComputers and hardware . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[185.5,814.1,1052.5,1008.1],\"lines\":[{\"bbox\":[940.9,814.1,1052.4,833.2],\"text\":\"5 to 40 years\"},{\"bbox\":[940.9,843.2,1052.4,862.3],\"text\":\"3 to 25 years\"},{\"bbox\":[940.9,872.4,1052.4,891.5],\"text\":\"3 to 10 years\"},{\"bbox\":[940.9,901.6,1052.4,920.7],\"text\":\"3 to 20 years\"},{\"bbox\":[951.3,930.8,1052.4,949.9],\"text\":\"3 to 7 years\"},{\"bbox\":[869.0,960.0,1052.5,979.0],\"text\":\"Period of the lease or\"},{\"bbox\":[185.5,989.0,1052.3,1008.1],\"text\":\"Leasehold improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . useful life, if shorter\"}],\"order\":16,\"text\":\"5 to 40 years\\n3 to 25 years\\n3 to 10 years\\n3 to 20 years\\n3 to 7 years\\nPeriod of the lease or\\nLeasehold improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . useful life, if shorter\"},{\"bbox\":[143.8,1032.1,1083.6,1101.3],\"lines\":[{\"bbox\":[185.5,1032.1,1083.6,1051.2],\"text\":\"The amount of depreciation expense was $154.0 million, $148.2 million and $143.3 million for the years\"},{\"bbox\":[143.8,1057.2,1015.7,1076.3],\"text\":\"ended December 31, 2010, 2009 and 2008, respectively. Expenditures for repairs and maintenance are\"},{\"bbox\":[143.8,1082.2,326.7,1101.3],\"text\":\"expensed as incurred.\"}],\"order\":17,\"text\":\"The amount of depreciation expense was $154.0 million, $148.2 million and $143.3 million for the years\\nended December 31, 2010, 2009 and 2008, respectively. Expenditures for repairs and maintenance are\\nexpensed as incurred.\"},{\"bbox\":[143.8,1125.3,1083.0,1244.4],\"lines\":[{\"bbox\":[185.5,1125.3,1055.8,1144.4],\"text\":\"Pursuant to the terms of an industrial revenue bond, title to certain property, plant and equipment was\"},{\"bbox\":[143.8,1150.3,1049.8,1169.4],\"text\":\"transferred to a municipal development authority in order to receive a property tax abatement. The title of\"},{\"bbox\":[143.8,1175.4,1064.1,1194.5],\"text\":\"these assets will revert back to PCA upon retirement or cancellation of the bond. The assets are included in\"},{\"bbox\":[143.8,1200.3,1083.0,1219.4],\"text\":\"the consolidated balance sheet under the caption “Property, plant and equipment, net” as all risks and rewards\"},{\"bbox\":[143.8,1225.3,369.7,1244.4],\"text\":\"remain with the Company.\"}],\"order\":18,\"text\":\"Pursuant to the terms of an industrial revenue bond, title to certain property, plant and equipment was\\ntransferred to a municipal development authority in order to receive a property tax abatement. The title of\\nthese assets will revert back to PCA upon retirement or cancellation of the bond. The assets are included in\\nthe consolidated balance sheet under the caption “Property, plant and equipment, net” as all risks and rewards\\nremain with the Company.\"},{\"bbox\":[164.7,1286.6,437.2,1305.4],\"lines\":[{\"bbox\":[164.7,1286.6,437.2,1305.4],\"text\":\"Goodwill and Intangible Assets\"}],\"order\":19,\"text\":\"Goodwill and Intangible Assets\"},{\"bbox\":[143.8,1329.6,1090.5,1448.7],\"lines\":[{\"bbox\":[185.5,1329.6,1016.0,1348.7],\"text\":\"The Company has capitalized certain intangible assets, primarily customer lists and relationships,\"},{\"bbox\":[143.8,1354.6,1008.3,1373.7],\"text\":\"covenants not to compete and goodwill, based on their estimated fair value at the date of acquisition.\"},{\"bbox\":[143.8,1379.7,1090.5,1398.8],\"text\":\"Amortization is provided for customer lists and relationships on a straight-line basis over periods ranging from\"},{\"bbox\":[143.8,1404.6,1010.3,1423.7],\"text\":\"six to 40 years. Covenants not to compete are amortized on a straight-line basis over the terms of the\"},{\"bbox\":[143.8,1429.6,334.9,1448.7],\"text\":\"respective agreements.\"}],\"order\":20,\"text\":\"The Company has capitalized certain intangible assets, primarily customer lists and relationships,\\ncovenants not to compete and goodwill, based on their estimated fair value at the date of acquisition.\\nAmortization is provided for customer lists and relationships on a straight-line basis over periods ranging from\\nsix to 40 years. Covenants not to compete are amortized on a straight-line basis over the terms of the\\nrespective agreements.\"},{\"bbox\":[599.4,1479.6,638.7,1498.7],\"lines\":[{\"bbox\":[599.4,1479.6,638.7,1498.7],\"text\":\"F-10\"}],\"order\":21,\"text\":\"F-10\"}],\"doc\":\"fintabnet:PKG_2010\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"Packaging Corporation of America\\n\\nNotes to Consolidated Financial Statements (Continued)\\nDecember 31, 2010\\n\\nProperty, Plant and Equipment\\n\\nProperty, plant and equipment are recorded at cost, and consist of the following:\\n\\n|  | December 31, |  |\\n| --- | --- | --- |\\n|  | 2010 | 2009 |\\n|  | (In thousands) |  |\\n| Land and land improvements | $98,197 | $98,066 |\\n| Buildings | 350,301 | 341,344 |\\n| Machinery and equipment | 2,753,258 | 2,665,876 |\\n| Construction in progress | 212,931 | 53,006 |\\n| Other | 24,834 | 25,322 |\\n| Property, plant and equipment, at cost | 3,439,521 | 3,183,614 |\\n| Less accumulated depreciation | (2,101,535) | (2,001,110) |\\n| Property, plant and equipment, net | $1,337,986 | $1,182,504 |\\n\\nThe amount of interest capitalized related to construction in progress was $4.8 million, $0.9 million and\\n$1.3 million for the years ended December 31, 2010, 2009 and 2008, respectively.\\n\\nDepreciation is computed on the straight-line basis over the estimated useful lives of the related assets.\\nAssets under capital leases are depreciated on the straight-line method over the term of the lease or the useful\\nlife, if shorter. The following lives are used for the various categories of assets:\\n\\n| Buildings and land improvements | 5 to 40 years |\\n| --- | --- |\\n| Machinery and equipment | 3 to 25 years |\\n| Trucks and automobiles | 3 to 10 years |\\n| Furniture and fixtures | 3 to 20 years |\\n| Computers and hardware | 3 to 7 years |\\n|  | Period of the lease or |\\n| Leasehold improvements | useful life, if shorter |\\n\\nThe amount of depreciation expense was $154.0 million, $148.2 million and $143.3 million for the years\\nended December 31, 2010, 2009 and 2008, respectively. Expenditures for repairs and maintenance are\\nexpensed as incurred.\\n\\nPursuant to the terms of an industrial revenue bond, title to certain property, plant and equipment was\\ntransferred to a municipal development authority in order to receive a property tax abatement. The title of\\nthese assets will revert back to PCA upon retirement or cancellation of the bond. The assets are included in\\nthe consolidated balance sheet under the caption “Property, plant and equipment, net” as all risks and rewards\\nremain with the Company.\\n\\nGoodwill and Intangible Assets\\n\\nThe Company has capitalized certain intangible assets, primarily customer lists and relationships,\\ncovenants not to compete and goodwill, based on their estimated fair value at the date of acquisition.\\nAmortization is provided for customer lists and relationships on a straight-line basis over periods ranging from\\nsix to 40 years. Covenants not to compete are amortized on a straight-line basis over the terms of the\\nrespective agreements.\\n\\nF-10\",\"name\":\"fintabnet.PKG_2010_page_50__150dpi_none\",\"page_id\":\"fintabnet.PKG_2010_page_50\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PKG_2010_page_50\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[185.5,308.3,1059.5,620.5],\"block_orders\":[4,5,6,7,8,9,10,11,12],\"cells\":[{\"bbox\":[886.9,310.9,985.5,327.6],\"c0\":1,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\"December 31,\"},{\"bbox\":[853.4,333.8,886.8,350.5],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2010\"},{\"bbox\":[985.4,333.8,1018.8,350.5],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2009\"},{\"bbox\":[884.1,356.7,988.5,373.4],\"c0\":1,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"(In thousands)\"},{\"bbox\":[185.5,382.8,443.6,403.7],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Land and land improvements\"},{\"bbox\":[819.8,382.8,920.6,403.7],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"$98,197\"},{\"bbox\":[951.7,382.8,1052.6,403.7],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"$98,066\"},{\"bbox\":[185.5,412.0,266.6,432.9],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Buildings\"},{\"bbox\":[852.7,412.0,920.5,432.9],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"350,301\"},{\"bbox\":[984.8,412.0,1052.6,432.9],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"341,344\"},{\"bbox\":[185.5,441.2,407.6,462.0],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Machinery and equipment\"},{\"bbox\":[837.1,441.2,920.5,462.0],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"2,753,258\"},{\"bbox\":[969.1,441.2,1052.5,462.0],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"2,665,876\"},{\"bbox\":[185.5,470.4,393.7,491.2],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Construction in progress\"},{\"bbox\":[852.7,470.4,920.5,491.2],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"212,931\"},{\"bbox\":[995.2,470.4,1052.6,491.2],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"53,006\"},{\"bbox\":[185.5,499.5,232.9,520.4],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Other\"},{\"bbox\":[863.2,499.5,920.6,520.4],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"24,834\"},{\"bbox\":[995.2,499.5,1052.6,520.4],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"25,322\"},{\"bbox\":[185.5,535.0,509.0,555.9],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Property, plant and equipment, at cost\"},{\"bbox\":[837.1,535.0,920.5,555.9],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"3,439,521\"},{\"bbox\":[969.1,535.0,1052.5,555.9],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"3,183,614\"},{\"bbox\":[185.5,564.2,455.0,585.0],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Less accumulated depreciation\"},{\"bbox\":[830.1,564.2,927.4,585.0],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"(2,101,535)\"},{\"bbox\":[962.2,564.2,1059.5,585.0],\"c0\":2,\"c1\":2,\"r0\":9,\"r1\":9,\"text\":\"(2,001,110)\"},{\"bbox\":[206.4,599.6,500.0,620.5],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Property, plant and equipment, net\"},{\"bbox\":[819.7,599.6,920.5,620.5],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"$1,337,986\"},{\"bbox\":[951.7,599.6,1052.5,620.5],\"c0\":2,\"c1\":2,\"r0\":10,\"r1\":10,\"text\":\"$1,182,504\"}]},{\"bbox\":[185.5,809.9,1052.5,1008.1],\"block_orders\":[15,16],\"cells\":[{\"bbox\":[185.4,812.3,481.4,833.2],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\"Buildings and land improvements\"},{\"bbox\":[940.9,812.3,1052.4,833.2],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"5 to 40 years\"},{\"bbox\":[185.4,841.5,407.6,862.4],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Machinery and equipment\"},{\"bbox\":[940.9,841.5,1052.4,862.4],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"3 to 25 years\"},{\"bbox\":[185.4,870.7,388.3,891.5],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Trucks and automobiles\"},{\"bbox\":[940.8,870.7,1052.4,891.5],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"3 to 10 years\"},{\"bbox\":[185.4,899.8,378.2,920.7],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Furniture and fixtures\"},{\"bbox\":[940.9,899.8,1052.4,920.7],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"3 to 20 years\"},{\"bbox\":[185.4,929.0,398.2,949.9],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Computers and hardware\"},{\"bbox\":[951.3,929.0,1052.4,949.9],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"3 to 7 years\"},{\"bbox\":[869.0,958.2,1052.5,979.1],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"Period of the lease or\"},{\"bbox\":[185.4,987.3,397.2,1008.1],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Leasehold improvements\"},{\"bbox\":[877.5,987.3,1052.4,1008.1],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"useful life, if shorter\"}]}],\"text\":\"Packaging Corporation of America\\n\\nNotes to Consolidated Financial Statements (Continued)\\nDecember 31, 2010\\n\\nProperty, Plant and Equipment\\n\\nProperty, plant and equipment are recorded at cost, and consist of the following:\\n\\nDecember 31,\\n2010\\n2009\\n(In thousands)\\n\\nLand and land improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n98,197\\nBuildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n350,301\\nMachinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2,753,258\\nConstruction in progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n212,931\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n24,834\\n\\nProperty, plant and equipment, at cost . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n98,066\\n341,344\\n2,665,876\\n53,006\\n25,322\\n\\n3,439,521\\n(2,101,535)\\n\\n3,183,614\\n(2,001,110)\\n\\nProperty, plant and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,337,986\\n\\n$ 1,182,504\\n\\nThe amount of interest capitalized related to construction in progress was $4.8 million, $0.9 million and\\n$1.3 million for the years ended December 31, 2010, 2009 and 2008, respectively.\\n\\nDepreciation is computed on the straight-line basis over the estimated useful lives of the related assets.\\nAssets under capital leases are depreciated on the straight-line method over the term of the lease or the useful\\nlife, if shorter. The following lives are used for the various categories of assets:\\n\\nBuildings and land improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMachinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTrucks and automobiles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFurniture and fixtures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nComputers and hardware . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n5 to 40 years\\n3 to 25 years\\n3 to 10 years\\n3 to 20 years\\n3 to 7 years\\nPeriod of the lease or\\nLeasehold improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . useful life, if shorter\\n\\nThe amount of depreciation expense was $154.0 million, $148.2 million and $143.3 million for the years\\nended December 31, 2010, 2009 and 2008, respectively. Expenditures for repairs and maintenance are\\nexpensed as incurred.\\n\\nPursuant to the terms of an industrial revenue bond, title to certain property, plant and equipment was\\ntransferred to a municipal development authority in order to receive a property tax abatement. The title of\\nthese assets will revert back to PCA upon retirement or cancellation of the bond. The assets are included in\\nthe consolidated balance sheet under the caption “Property, plant and equipment, net” as all risks and rewards\\nremain with the Company.\\n\\nGoodwill and Intangible Assets\\n\\nThe Company has capitalized certain intangible assets, primarily customer lists and relationships,\\ncovenants not to compete and goodwill, based on their estimated fair value at the date of acquisition.\\nAmortization is provided for customer lists and relationships on a straight-line basis over periods ranging from\\nsix to 40 years. Covenants not to compete are amortized on a straight-line basis over the terms of the\\nrespective agreements.\\n\\nF-10\"},\"name\":\"fintabnet.PKG_2010_page_50__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":122283,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PKG_2010\",\"dpi\":150,\"gt_sha256\":\"ae9e86bdfd9eb6c18f5284500e38b8f84447e1cb54502a6084f7c33625c79373\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PKG_2010_page_50__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.PKG_2010_page_50\",\"pdf_sha256\":\"4155b4174a7bf632c8a686e5a041a9fcdfa8302471abe97e2ed9669b7fc40973\",\"px\":[1238,1613],\"scan\":{\"render\":\"000007e03c00001c38143c1c3ffc3ffc3c0c381c3ff83ffc3c003ffc30000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"PKG_2010_page_50\",\"src\":{\"file_sha256\":\"ce4824acc074211642b5e0e85991e1c2b3fbb08e38a9a5e487c3387a8b816384\",\"render\":\"000007e03c00003c38143c3c3ffc3ffc3c0c381c3ff83ffc38003ff830000000\",\"text\":\"f651526d0172f5fd7bafbd52022f0a6ce035dbea0bc88930eeb5d8a7f71f3ac2\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"4155b4174a7bf632c8a686e5a041a9fcdfa8302471abe97e2ed9669b7fc40973\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/4155b4174a7bf632c8a686e5a041a9fcdfa8302471abe97e2ed9669b7fc40973.pdf","asset_sha256":"4155b4174a7bf632c8a686e5a041a9fcdfa8302471abe97e2ed9669b7fc40973","document_id":"fintabnet:PKG_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PKG_2010_page_50\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PKG_2013_page_51\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PKG_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[325.0,320.8,2217.3,559.0],\"lines\":[{\"bbox\":[325.0,320.8,2217.3,359.0],\"text\":\"Supplies and materials are valued using average cost. All inventories are stated at the lower of cost or market and\"},{\"bbox\":[325.0,370.8,2197.7,409.0],\"text\":\"include all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead.\"},{\"bbox\":[325.0,420.8,2066.2,459.0],\"text\":\"Inventories valued using the LIFO method totaled $200.8 million and $194.0 million, respectively, as of\"},{\"bbox\":[325.0,470.8,2198.8,509.0],\"text\":\"December 31, 2013 and 2012, compared to total inventory values (before the LIFO inventory reserve) of $594.3\"},{\"bbox\":[325.0,520.8,1312.9,559.0],\"text\":\"million and $332.3 million for the same respective periods.\"}],\"order\":0,\"text\":\"Supplies and materials are valued using average cost. All inventories are stated at the lower of cost or market and\\ninclude all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead.\\nInventories valued using the LIFO method totaled $200.8 million and $194.0 million, respectively, as of\\nDecember 31, 2013 and 2012, compared to total inventory values (before the LIFO inventory reserve) of $594.3\\nmillion and $332.3 million for the same respective periods.\"},{\"bbox\":[408.3,645.8,1552.3,684.0],\"lines\":[{\"bbox\":[408.3,645.8,1552.3,684.0],\"text\":\"The components of inventories are as follows (dollars in thousands):\"}],\"order\":1,\"text\":\"The components of inventories are as follows (dollars in thousands):\"},{\"bbox\":[1811.5,735.0,2096.9,815.1],\"lines\":[{\"bbox\":[1861.0,735.0,2047.1,765.1],\"text\":\"December 31\"},{\"bbox\":[1811.5,785.0,1878.1,815.1],\"text\":\"2013\"},{\"bbox\":[2030.2,785.0,2096.9,815.1],\"text\":\"2012\"}],\"order\":2,\"text\":\"December 31\\n2013\\n2012\"},{\"bbox\":[408.3,845.8,1704.2,1071.5],\"lines\":[{\"bbox\":[408.3,845.8,1704.2,884.0],\"text\":\"Raw materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[408.3,908.3,1704.2,946.5],\"text\":\"Work in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[408.3,970.8,1704.2,1009.0],\"text\":\"Finished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[408.3,1033.3,1704.2,1071.5],\"text\":\"Supplies and materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":3,\"text\":\"Raw materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWork in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFinished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSupplies and materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1766.7,845.8,1922.9,1071.5],\"lines\":[{\"bbox\":[1766.7,845.8,1922.9,884.0],\"text\":\"$212,027\"},{\"bbox\":[1808.3,908.3,1922.9,946.5],\"text\":\"13,898\"},{\"bbox\":[1787.5,970.8,1922.9,1009.0],\"text\":\"209,972\"},{\"bbox\":[1787.5,1033.3,1922.9,1071.5],\"text\":\"158,394\"}],\"order\":4,\"text\":\"$212,027\\n13,898\\n209,972\\n158,394\"},{\"bbox\":[1985.4,845.8,2141.7,1071.5],\"lines\":[{\"bbox\":[1985.4,845.8,2141.7,884.0],\"text\":\"$125,909\"},{\"bbox\":[2047.9,908.3,2141.7,946.5],\"text\":\"8,287\"},{\"bbox\":[2027.1,970.8,2141.7,1009.0],\"text\":\"78,788\"},{\"bbox\":[2006.3,1033.3,2141.7,1071.5],\"text\":\"119,284\"}],\"order\":5,\"text\":\"$125,909\\n8,287\\n78,788\\n119,284\"},{\"bbox\":[408.3,1100.0,1704.2,1200.6],\"lines\":[{\"bbox\":[408.3,1100.0,1704.2,1138.1],\"text\":\"Inventories at FIFO or average cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[408.3,1162.5,1704.2,1200.6],\"text\":\"Excess of FIFO or average cost over LIFO cost . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Inventories at FIFO or average cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExcess of FIFO or average cost over LIFO cost . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1787.5,1100.0,1936.7,1200.6],\"lines\":[{\"bbox\":[1787.5,1100.0,1922.9,1138.1],\"text\":\"594,291\"},{\"bbox\":[1794.4,1162.5,1936.7,1200.6],\"text\":\"(71,768)\"}],\"order\":7,\"text\":\"594,291\\n(71,768)\"},{\"bbox\":[2006.3,1100.0,2155.5,1200.6],\"lines\":[{\"bbox\":[2006.3,1100.0,2141.7,1138.1],\"text\":\"332,268\"},{\"bbox\":[2013.1,1162.5,2155.5,1200.6],\"text\":\"(63,501)\"}],\"order\":8,\"text\":\"332,268\\n(63,501)\"},{\"bbox\":[450.0,1229.1,1704.2,1267.3],\"lines\":[{\"bbox\":[450.0,1229.1,1704.2,1267.3],\"text\":\"Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1766.7,1229.1,1922.9,1267.3],\"lines\":[{\"bbox\":[1766.7,1229.1,1922.9,1267.3],\"text\":\"$522,523\"}],\"order\":10,\"text\":\"$522,523\"},{\"bbox\":[1985.4,1229.1,2141.7,1267.3],\"lines\":[{\"bbox\":[1985.4,1229.1,2141.7,1267.3],\"text\":\"$268,767\"}],\"order\":11,\"text\":\"$268,767\"},{\"bbox\":[366.7,1379.1,914.5,1416.8],\"lines\":[{\"bbox\":[366.7,1379.1,914.5,1416.8],\"text\":\"Property, Plant, and Equipment\"}],\"order\":12,\"text\":\"Property, Plant, and Equipment\"},{\"bbox\":[325.0,1454.1,2218.1,1692.3],\"lines\":[{\"bbox\":[408.3,1454.1,2218.1,1492.3],\"text\":\"Property, plant, and equipment are recorded at cost. Cost includes expenditures for major improvements and\"},{\"bbox\":[325.0,1504.1,2027.5,1542.3],\"text\":\"replacements and the amount of interest cost associated with significant capital additions. Repairs and\"},{\"bbox\":[325.0,1554.1,2081.0,1592.3],\"text\":\"maintenance costs are expensed as incurred. When property and equipment are retired, sold, or otherwise\"},{\"bbox\":[325.0,1604.1,2155.6,1642.3],\"text\":\"disposed of, the asset’s carrying amount and related accumulated depreciation are removed from the accounts\"},{\"bbox\":[325.0,1654.1,1859.5,1692.3],\"text\":\"and any gain or loss is included in “Net income” in our Consolidated Statements of Income.\"}],\"order\":13,\"text\":\"Property, plant, and equipment are recorded at cost. Cost includes expenditures for major improvements and\\nreplacements and the amount of interest cost associated with significant capital additions. Repairs and\\nmaintenance costs are expensed as incurred. When property and equipment are retired, sold, or otherwise\\ndisposed of, the asset’s carrying amount and related accumulated depreciation are removed from the accounts\\nand any gain or loss is included in “Net income” in our Consolidated Statements of Income.\"},{\"bbox\":[408.3,1754.1,1713.6,1792.3],\"lines\":[{\"bbox\":[408.3,1754.1,1713.6,1792.3],\"text\":\"Property, plant, and equipment consist of the following (dollars in thousands):\"}],\"order\":14,\"text\":\"Property, plant, and equipment consist of the following (dollars in thousands):\"},{\"bbox\":[1815.8,1843.3,2001.9,1873.4],\"lines\":[{\"bbox\":[1815.8,1843.3,2001.9,1873.4],\"text\":\"December 31\"}],\"order\":15,\"text\":\"December 31\"},{\"bbox\":[1743.5,1893.3,1810.2,1923.4],\"lines\":[{\"bbox\":[1743.5,1893.3,1810.2,1923.4],\"text\":\"2013\"}],\"order\":16,\"text\":\"2013\"},{\"bbox\":[1711.0,1954.1,1877.7,2242.3],\"lines\":[{\"bbox\":[1742.3,1954.1,1877.7,1992.3],\"text\":\"140,592\"},{\"bbox\":[1742.3,2016.6,1877.7,2054.8],\"text\":\"628,948\"},{\"bbox\":[1711.0,2079.1,1877.7,2117.3],\"text\":\"4,263,505\"},{\"bbox\":[1742.3,2141.6,1877.7,2179.8],\"text\":\"168,808\"},{\"bbox\":[1763.1,2204.1,1877.7,2242.3],\"text\":\"30,847\"}],\"order\":17,\"text\":\"140,592\\n628,948\\n4,263,505\\n168,808\\n30,847\"},{\"bbox\":[2007.5,1893.3,2074.2,1923.4],\"lines\":[{\"bbox\":[2007.5,1893.3,2074.2,1923.4],\"text\":\"2012\"}],\"order\":18,\"text\":\"2012\"},{\"bbox\":[408.3,1954.1,1613.8,2242.3],\"lines\":[{\"bbox\":[408.3,1954.1,1613.8,1992.3],\"text\":\"Land and land improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[408.3,2016.6,1613.8,2054.8],\"text\":\"Buildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[408.3,2079.1,1613.8,2117.3],\"text\":\"Machinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[408.3,2141.6,1613.8,2179.8],\"text\":\"Construction in progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[408.3,2204.1,1613.8,2242.3],\"text\":\"Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":19,\"text\":\"Land and land improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBuildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMachinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConstruction in progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1676.3,1954.1,1697.1,1992.3],\"lines\":[{\"bbox\":[1676.3,1954.1,1697.1,1992.3],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[1940.2,1954.1,1961.0,1992.3],\"lines\":[{\"bbox\":[1940.2,1954.1,1961.0,1992.3],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[1975.0,1954.1,2141.7,2242.3],\"lines\":[{\"bbox\":[2006.3,1954.1,2141.7,1992.3],\"text\":\"107,250\"},{\"bbox\":[2006.3,2016.6,2141.7,2054.8],\"text\":\"390,363\"},{\"bbox\":[1975.0,2079.1,2141.7,2117.3],\"text\":\"3,048,932\"},{\"bbox\":[2027.1,2141.6,2141.7,2179.8],\"text\":\"67,051\"},{\"bbox\":[2027.1,2204.1,2141.7,2242.3],\"text\":\"27,196\"}],\"order\":22,\"text\":\"107,250\\n390,363\\n3,048,932\\n67,051\\n27,196\"},{\"bbox\":[408.3,2270.8,1613.8,2371.5],\"lines\":[{\"bbox\":[408.3,2270.8,1613.8,2309.0],\"text\":\"Property, plant and equipment, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[408.3,2333.3,1613.8,2371.5],\"text\":\"Less accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":23,\"text\":\"Property, plant and equipment, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1697.1,2270.8,1891.5,2371.5],\"lines\":[{\"bbox\":[1711.0,2270.8,1877.7,2309.0],\"text\":\"5,232,700\"},{\"bbox\":[1697.1,2333.3,1891.5,2371.5],\"text\":\"(2,426,996)\"}],\"order\":24,\"text\":\"5,232,700\\n(2,426,996)\"},{\"bbox\":[1961.0,2270.8,2155.5,2371.5],\"lines\":[{\"bbox\":[1975.0,2270.8,2141.7,2309.0],\"text\":\"3,640,792\"},{\"bbox\":[1961.0,2333.3,2155.5,2371.5],\"text\":\"(2,274,723)\"}],\"order\":25,\"text\":\"3,640,792\\n(2,274,723)\"},{\"bbox\":[408.3,2400.0,1613.8,2438.1],\"lines\":[{\"bbox\":[408.3,2400.0,1613.8,2438.1],\"text\":\"Property, plant, and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":26,\"text\":\"Property, plant, and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1676.3,2400.0,1877.7,2438.1],\"lines\":[{\"bbox\":[1676.3,2400.0,1877.7,2438.1],\"text\":\"$ 2,805,704\"}],\"order\":27,\"text\":\"$ 2,805,704\"},{\"bbox\":[1940.2,2400.0,2141.7,2438.1],\"lines\":[{\"bbox\":[1940.2,2400.0,2141.7,2438.1],\"text\":\"$ 1,366,069\"}],\"order\":28,\"text\":\"$ 1,366,069\"},{\"bbox\":[325.0,2525.0,2151.1,2613.1],\"lines\":[{\"bbox\":[408.3,2525.0,2151.1,2563.1],\"text\":\"The amount of interest capitalized from construction in progress was $1.7 million, $0.8 million and $7.1\"},{\"bbox\":[325.0,2575.0,1624.7,2613.1],\"text\":\"million for the years ended December 31, 2013, 2012, and 2011, respectively.\"}],\"order\":29,\"text\":\"The amount of interest capitalized from construction in progress was $1.7 million, $0.8 million and $7.1\\nmillion for the years ended December 31, 2013, 2012, and 2011, respectively.\"},{\"bbox\":[1254.2,2970.8,1295.8,3009.0],\"lines\":[{\"bbox\":[1254.2,2970.8,1295.8,3009.0],\"text\":\"47\"}],\"order\":30,\"text\":\"47\"}],\"doc\":\"fintabnet:PKG_2013\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Supplies and materials are valued using average cost. All inventories are stated at the lower of cost or market and\\ninclude all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead.\\nInventories valued using the LIFO method totaled $200.8 million and $194.0 million, respectively, as of\\nDecember 31, 2013 and 2012, compared to total inventory values (before the LIFO inventory reserve) of $594.3\\nmillion and $332.3 million for the same respective periods.\\n\\nThe components of inventories are as follows (dollars in thousands):\\n\\nDecember 31\\n2013\\n2012\\n\\nRaw materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWork in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFinished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSupplies and materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$212,027\\n13,898\\n209,972\\n158,394\\n\\n$125,909\\n8,287\\n78,788\\n119,284\\n\\nInventories at FIFO or average cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExcess of FIFO or average cost over LIFO cost . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n594,291\\n(71,768)\\n\\n332,268\\n(63,501)\\n\\nInventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$522,523\\n\\n$268,767\\n\\nProperty, Plant, and Equipment\\n\\nProperty, plant, and equipment are recorded at cost. Cost includes expenditures for major improvements and\\nreplacements and the amount of interest cost associated with significant capital additions. Repairs and\\nmaintenance costs are expensed as incurred. When property and equipment are retired, sold, or otherwise\\ndisposed of, the asset’s carrying amount and related accumulated depreciation are removed from the accounts\\nand any gain or loss is included in “Net income” in our Consolidated Statements of Income.\\n\\nProperty, plant, and equipment consist of the following (dollars in thousands):\\n\\nDecember 31\\n\\n2013\\n\\n140,592\\n628,948\\n4,263,505\\n168,808\\n30,847\\n\\n2012\\n\\nLand and land improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBuildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMachinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConstruction in progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n$\\n\\n107,250\\n390,363\\n3,048,932\\n67,051\\n27,196\\n\\nProperty, plant and equipment, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n5,232,700\\n(2,426,996)\\n\\n3,640,792\\n(2,274,723)\\n\\nProperty, plant, and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 2,805,704\\n\\n$ 1,366,069\\n\\nThe amount of interest capitalized from construction in progress was $1.7 million, $0.8 million and $7.1\\nmillion for the years ended December 31, 2013, 2012, and 2011, respectively.\\n\\n47\",\"name\":\"fintabnet.PKG_2013_page_51__300dpi_none\",\"page_id\":\"fintabnet.PKG_2013_page_51\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PKG_2013_page_51\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[408.3,727.3,2155.5,1267.4],\"block_orders\":[2,3,4,5,6,7,8,9,10,11],\"cells\":null}],\"text\":\"Supplies and materials are valued using average cost. All inventories are stated at the lower of cost or market and\\ninclude all costs directly associated with manufacturing products: materials, labor, and manufacturing overhead.\\nInventories valued using the LIFO method totaled $200.8 million and $194.0 million, respectively, as of\\nDecember 31, 2013 and 2012, compared to total inventory values (before the LIFO inventory reserve) of $594.3\\nmillion and $332.3 million for the same respective periods.\\n\\nThe components of inventories are as follows (dollars in thousands):\\n\\nDecember 31\\n2013\\n2012\\n\\nRaw materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWork in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFinished goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSupplies and materials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$212,027\\n13,898\\n209,972\\n158,394\\n\\n$125,909\\n8,287\\n78,788\\n119,284\\n\\nInventories at FIFO or average cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExcess of FIFO or average cost over LIFO cost . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n594,291\\n(71,768)\\n\\n332,268\\n(63,501)\\n\\nInventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$522,523\\n\\n$268,767\\n\\nProperty, Plant, and Equipment\\n\\nProperty, plant, and equipment are recorded at cost. Cost includes expenditures for major improvements and\\nreplacements and the amount of interest cost associated with significant capital additions. Repairs and\\nmaintenance costs are expensed as incurred. When property and equipment are retired, sold, or otherwise\\ndisposed of, the asset’s carrying amount and related accumulated depreciation are removed from the accounts\\nand any gain or loss is included in “Net income” in our Consolidated Statements of Income.\\n\\nProperty, plant, and equipment consist of the following (dollars in thousands):\\n\\nDecember 31\\n\\n2013\\n\\n140,592\\n628,948\\n4,263,505\\n168,808\\n30,847\\n\\n2012\\n\\nLand and land improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nBuildings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMachinery and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConstruction in progress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n$\\n\\n107,250\\n390,363\\n3,048,932\\n67,051\\n27,196\\n\\nProperty, plant and equipment, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLess accumulated depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n5,232,700\\n(2,426,996)\\n\\n3,640,792\\n(2,274,723)\\n\\nProperty, plant, and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 2,805,704\\n\\n$ 1,366,069\\n\\nThe amount of interest capitalized from construction in progress was $1.7 million, $0.8 million and $7.1\\nmillion for the years ended December 31, 2013, 2012, and 2011, respectively.\\n\\n47\"},\"name\":\"fintabnet.PKG_2013_page_51__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":272070,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PKG_2013\",\"dpi\":300,\"gt_sha256\":\"2ec7c488363d81aa704625f2b84b3df8020a745c7ab767abc2d0926bcfb0432d\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PKG_2013_page_51__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.PKG_2013_page_51\",\"pdf_sha256\":\"b6cbf2c00b86d3b26d3cec16c528987c18ad17d3d1c7d406dc4a55a801529768\",\"px\":[2550,3300],\"scan\":{\"render\":\"00003ffc3ff80018301c3e1c3c103ffc3fe0181c381c3c3c3fe8000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"PKG_2013_page_51\",\"src\":{\"file_sha256\":\"f1a7b9bfc527e052bc1e2ab70330535492959d7220eb721db3f73b393dcd7693\",\"render\":\"00003ffc3ff80018301c3e1c3c1c3ffc3fe0103c381c3c3c3fc0000000000000\",\"text\":\"10988359fd7ef2fd2a5507ed1726d735aae93533e73eaa32a010209dd44b4fe4\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b6cbf2c00b86d3b26d3cec16c528987c18ad17d3d1c7d406dc4a55a801529768\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b6cbf2c00b86d3b26d3cec16c528987c18ad17d3d1c7d406dc4a55a801529768.pdf","asset_sha256":"b6cbf2c00b86d3b26d3cec16c528987c18ad17d3d1c7d406dc4a55a801529768","document_id":"fintabnet:PKG_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PKG_2013_page_51\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PKG_2013_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PKG_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[408.3,320.8,1872.7,359.0],\"lines\":[{\"bbox\":[408.3,320.8,1872.7,359.0],\"text\":\"Segment sales to external customers by product line are as follows (dollars in millions):\"}],\"order\":0,\"text\":\"Segment sales to external customers by product line are as follows (dollars in millions):\"},{\"bbox\":[1618.8,410.0,2102.1,490.1],\"lines\":[{\"bbox\":[1677.5,410.0,2043.3,440.1],\"text\":\"Year Ended December 31\"},{\"bbox\":[1618.8,460.0,1685.4,490.1],\"text\":\"2013\"},{\"bbox\":[1827.1,460.0,1893.8,490.1],\"text\":\"2012\"},{\"bbox\":[2035.4,460.0,2102.1,490.1],\"text\":\"2011\"}],\"order\":1,\"text\":\"Year Ended December 31\\n2013\\n2012\\n2011\"},{\"bbox\":[408.3,520.8,1516.7,559.0],\"lines\":[{\"bbox\":[408.3,520.8,1516.7,559.0],\"text\":\"Packaging sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":2,\"text\":\"Packaging sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1579.2,520.8,1725.0,559.0],\"lines\":[{\"bbox\":[1579.2,520.8,1725.0,559.0],\"text\":\"$3,431.7\"}],\"order\":3,\"text\":\"$3,431.7\"},{\"bbox\":[1787.5,520.8,1933.3,559.0],\"lines\":[{\"bbox\":[1787.5,520.8,1933.3,559.0],\"text\":\"$2,843.9\"}],\"order\":4,\"text\":\"$2,843.9\"},{\"bbox\":[1995.8,520.8,2141.7,559.0],\"lines\":[{\"bbox\":[1995.8,520.8,2141.7,559.0],\"text\":\"$2,620.1\"}],\"order\":5,\"text\":\"$2,620.1\"},{\"bbox\":[408.3,587.5,1516.7,725.6],\"lines\":[{\"bbox\":[408.3,587.5,594.8,625.6],\"text\":\"Paper sales\"},{\"bbox\":[450.0,637.5,1516.7,675.6],\"text\":\"White papers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[450.0,687.5,1516.7,725.6],\"text\":\"Market pulp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Paper sales\\nWhite papers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMarket pulp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1631.3,637.5,1725.0,725.6],\"lines\":[{\"bbox\":[1631.3,637.5,1725.0,675.6],\"text\":\"207.0\"},{\"bbox\":[1672.9,687.5,1725.0,725.6],\"text\":\"9.9\"}],\"order\":7,\"text\":\"207.0\\n9.9\"},{\"bbox\":[1891.7,637.5,1933.3,725.6],\"lines\":[{\"bbox\":[1891.7,637.5,1933.3,675.6],\"text\":\"—\"},{\"bbox\":[1891.7,687.5,1933.3,725.6],\"text\":\"—\"}],\"order\":8,\"text\":\"—\\n—\"},{\"bbox\":[2100.0,637.5,2141.7,725.6],\"lines\":[{\"bbox\":[2100.0,637.5,2141.7,675.6],\"text\":\"—\"},{\"bbox\":[2100.0,687.5,2141.7,725.6],\"text\":\"—\"}],\"order\":9,\"text\":\"—\\n—\"},{\"bbox\":[1631.3,754.1,1725.0,792.3],\"lines\":[{\"bbox\":[1631.3,754.1,1725.0,792.3],\"text\":\"216.9\"}],\"order\":10,\"text\":\"216.9\"},{\"bbox\":[1891.7,754.1,1933.3,791.8],\"lines\":[{\"bbox\":[1891.7,754.1,1933.3,791.8],\"text\":\"—\"}],\"order\":11,\"text\":\"—\"},{\"bbox\":[2100.0,754.1,2141.7,791.8],\"lines\":[{\"bbox\":[2100.0,754.1,2141.7,791.8],\"text\":\"—\"}],\"order\":12,\"text\":\"—\"},{\"bbox\":[1652.1,820.8,1725.0,859.0],\"lines\":[{\"bbox\":[1652.1,820.8,1725.0,859.0],\"text\":\"16.7\"}],\"order\":13,\"text\":\"16.7\"},{\"bbox\":[1891.7,820.8,1933.3,859.0],\"lines\":[{\"bbox\":[1891.7,820.8,1933.3,859.0],\"text\":\"—\"}],\"order\":14,\"text\":\"—\"},{\"bbox\":[2100.0,820.8,2141.7,859.0],\"lines\":[{\"bbox\":[2100.0,820.8,2141.7,859.0],\"text\":\"—\"}],\"order\":15,\"text\":\"—\"},{\"bbox\":[1579.2,887.5,1725.0,925.6],\"lines\":[{\"bbox\":[1579.2,887.5,1725.0,925.6],\"text\":\"$3,665.3\"}],\"order\":16,\"text\":\"$3,665.3\"},{\"bbox\":[1787.5,887.5,1933.3,925.6],\"lines\":[{\"bbox\":[1787.5,887.5,1933.3,925.6],\"text\":\"$2,843.9\"}],\"order\":17,\"text\":\"$2,843.9\"},{\"bbox\":[1995.8,887.5,2141.7,925.6],\"lines\":[{\"bbox\":[1995.8,887.5,2141.7,925.6],\"text\":\"$2,620.1\"}],\"order\":18,\"text\":\"$2,620.1\"},{\"bbox\":[408.3,820.8,1516.7,859.0],\"lines\":[{\"bbox\":[408.3,820.8,1516.7,859.0],\"text\":\"Corporate and Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":19,\"text\":\"Corporate and Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[325.0,1012.5,2214.4,1150.6],\"lines\":[{\"bbox\":[408.3,1012.5,2193.9,1050.6],\"text\":\"Sales to foreign unaffiliated customers, which are primarily recorded in our Packaging segment, during the\"},{\"bbox\":[325.0,1062.5,2214.4,1100.6],\"text\":\"year ended December 31, 2013, were $162.4 million. At December 31, 2013, the net carrying value of long-lived\"},{\"bbox\":[325.0,1112.5,1957.7,1150.6],\"text\":\"assets held by foreign operations, all of which were in our Packaging segment, was $14.0 million.\"}],\"order\":20,\"text\":\"Sales to foreign unaffiliated customers, which are primarily recorded in our Packaging segment, during the\\nyear ended December 31, 2013, were $162.4 million. At December 31, 2013, the net carrying value of long-lived\\nassets held by foreign operations, all of which were in our Packaging segment, was $14.0 million.\"},{\"bbox\":[408.3,1212.5,1787.9,1250.6],\"lines\":[{\"bbox\":[408.3,1212.5,1787.9,1250.6],\"text\":\"An analysis of operations by reportable segment is as follows (dollars in millions):\"}],\"order\":21,\"text\":\"An analysis of operations by reportable segment is as follows (dollars in millions):\"},{\"bbox\":[325.0,1385.0,813.0,1415.1],\"lines\":[{\"bbox\":[325.0,1385.0,813.0,1415.1],\"text\":\"Year Ended December 31, 2013(a)\"}],\"order\":22,\"text\":\"Year Ended December 31, 2013(a)\"},{\"bbox\":[953.5,1385.0,1040.6,1415.1],\"lines\":[{\"bbox\":[953.5,1385.0,1040.6,1415.1],\"text\":\"Trade\"}],\"order\":23,\"text\":\"Trade\"},{\"bbox\":[1086.7,1301.6,1219.9,1415.1],\"lines\":[{\"bbox\":[1086.7,1301.6,1219.9,1331.8],\"text\":\"Sales, net\"},{\"bbox\":[1111.7,1351.6,1195.0,1381.8],\"text\":\"Inter-\"},{\"bbox\":[1095.0,1385.0,1211.6,1415.1],\"text\":\"segment\"}],\"order\":24,\"text\":\"Sales, net\\nInter-\\nsegment\"},{\"bbox\":[1271.5,1385.0,1347.4,1415.1],\"lines\":[{\"bbox\":[1271.5,1385.0,1347.4,1415.1],\"text\":\"Total\"}],\"order\":25,\"text\":\"Total\"},{\"bbox\":[1403.1,1318.3,1549.4,1415.1],\"lines\":[{\"bbox\":[1403.1,1318.3,1549.4,1348.4],\"text\":\"Operating\"},{\"bbox\":[1423.3,1351.6,1528.9,1381.8],\"text\":\"Income\"},{\"bbox\":[1432.7,1385.0,1519.7,1415.1],\"text\":\"(Loss)\"}],\"order\":26,\"text\":\"Operating\\nIncome\\n(Loss)\"},{\"bbox\":[1594.8,1318.3,2054.4,1415.1],\"lines\":[{\"bbox\":[1598.5,1318.3,1790.2,1348.4],\"text\":\"Depreciation,\"},{\"bbox\":[1595.0,1351.6,1794.0,1381.8],\"text\":\"Amortization,\"},{\"bbox\":[1885.8,1351.6,1991.4,1381.8],\"text\":\"Capital\"},{\"bbox\":[1594.8,1385.0,2054.4,1415.1],\"text\":\"and Depletion Expenditures(k)\"}],\"order\":27,\"text\":\"Depreciation,\\nAmortization,\\nCapital\\nand Depletion Expenditures(k)\"},{\"bbox\":[2107.7,1385.0,2196.6,1415.1],\"lines\":[{\"bbox\":[2107.7,1385.0,2196.6,1415.1],\"text\":\"Assets\"}],\"order\":28,\"text\":\"Assets\"},{\"bbox\":[325.0,1445.8,1751.7,1634.0],\"lines\":[{\"bbox\":[325.0,1445.8,1751.7,1484.0],\"text\":\"Packaging . . . . . . . . . . . . . . . . . . . $3,431.3 $ 0.4 $3,431.7 $545.9(b) $190.2\"},{\"bbox\":[325.0,1495.8,903.3,1534.0],\"text\":\"Paper . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[976.3,1495.8,1070.0,1534.0],\"text\":\"216.9\"},{\"bbox\":[1165.4,1495.8,1207.1,1534.0],\"text\":\"—\"},{\"bbox\":[1288.5,1495.8,1382.3,1534.0],\"text\":\"216.9\"},{\"bbox\":[1460.6,1495.8,1579.8,1534.0],\"text\":\"13.5(c)\"},{\"bbox\":[1699.6,1495.8,1751.7,1534.0],\"text\":\"9.1\"},{\"bbox\":[325.0,1545.8,903.3,1584.0],\"text\":\"Corporate and Other . . . . . . . . . . .\"},{\"bbox\":[997.1,1545.8,1070.0,1584.0],\"text\":\"17.1\"},{\"bbox\":[1134.2,1545.8,1207.1,1584.0],\"text\":\"28.0\"},{\"bbox\":[1309.4,1545.8,1382.3,1584.0],\"text\":\"45.1\"},{\"bbox\":[1446.7,1545.8,1595.9,1584.0],\"text\":\"(85.8)(d)\"},{\"bbox\":[1699.6,1545.8,1751.7,1584.0],\"text\":\"2.5\"},{\"bbox\":[325.0,1595.8,903.3,1634.0],\"text\":\"Intersegment eliminations . . . . . .\"},{\"bbox\":[1028.3,1595.8,1220.9,1634.0],\"text\":\"— (28.4)\"},{\"bbox\":[1295.4,1595.8,1396.1,1634.0],\"text\":\"(28.4)\"},{\"bbox\":[1491.9,1595.8,1533.5,1634.0],\"text\":\"—\"},{\"bbox\":[1710.0,1595.8,1751.7,1634.0],\"text\":\"—\"}],\"order\":29,\"text\":\"Packaging . . . . . . . . . . . . . . . . . . . $3,431.3 $ 0.4 $3,431.7 $545.9(b) $190.2\\nPaper . . . . . . . . . . . . . . . . . . . . . . .\\n216.9\\n—\\n216.9\\n13.5(c)\\n9.1\\nCorporate and Other . . . . . . . . . . .\\n17.1\\n28.0\\n45.1\\n(85.8)(d)\\n2.5\\nIntersegment eliminations . . . . . .\\n— (28.4)\\n(28.4)\\n—\\n—\"},{\"bbox\":[1881.3,1445.8,1995.8,1634.0],\"lines\":[{\"bbox\":[1881.3,1445.8,1995.8,1484.0],\"text\":\"$222.2\"},{\"bbox\":[1922.9,1495.8,1995.8,1534.0],\"text\":\"10.0\"},{\"bbox\":[1943.8,1545.8,1995.8,1584.0],\"text\":\"2.2\"},{\"bbox\":[1954.2,1595.8,1995.8,1634.0],\"text\":\"—\"}],\"order\":30,\"text\":\"$222.2\\n10.0\\n2.2\\n—\"},{\"bbox\":[2079.2,1445.8,2225.0,1634.0],\"lines\":[{\"bbox\":[2079.2,1445.8,2225.0,1484.0],\"text\":\"$3,916.7\"},{\"bbox\":[2131.2,1495.8,2225.0,1534.0],\"text\":\"938.4\"},{\"bbox\":[2131.2,1545.8,2225.0,1584.0],\"text\":\"344.9\"},{\"bbox\":[2183.3,1595.8,2225.0,1634.0],\"text\":\"—\"}],\"order\":31,\"text\":\"$3,916.7\\n938.4\\n344.9\\n—\"},{\"bbox\":[924.2,1662.5,1120.2,1700.6],\"lines\":[{\"bbox\":[924.2,1662.5,1120.2,1700.6],\"text\":\"$3,665.3 $\"}],\"order\":32,\"text\":\"$3,665.3 $\"},{\"bbox\":[1881.3,1662.5,1995.8,1700.6],\"lines\":[{\"bbox\":[1881.3,1662.5,1995.8,1700.6],\"text\":\"$234.4\"}],\"order\":33,\"text\":\"$234.4\"},{\"bbox\":[2079.2,1662.5,2225.0,1700.6],\"lines\":[{\"bbox\":[2079.2,1662.5,2225.0,1700.6],\"text\":\"$5,200.0\"}],\"order\":34,\"text\":\"$5,200.0\"},{\"bbox\":[1165.4,1662.5,1382.3,1700.6],\"lines\":[{\"bbox\":[1165.4,1662.5,1382.3,1700.6],\"text\":\"— $3,665.3\"}],\"order\":35,\"text\":\"— $3,665.3\"},{\"bbox\":[1439.8,1662.5,1533.5,1700.6],\"lines\":[{\"bbox\":[1439.8,1662.5,1533.5,1700.6],\"text\":\"473.6\"}],\"order\":36,\"text\":\"473.6\"},{\"bbox\":[325.0,1737.5,903.3,1775.6],\"lines\":[{\"bbox\":[325.0,1737.5,903.3,1775.6],\"text\":\"Interest expense, net . . . . . . . . . . .\"}],\"order\":37,\"text\":\"Interest expense, net . . . . . . . . . . .\"},{\"bbox\":[1446.7,1737.5,1593.6,1775.6],\"lines\":[{\"bbox\":[1446.7,1737.5,1593.6,1775.6],\"text\":\"(58.3)(e)\"}],\"order\":38,\"text\":\"(58.3)(e)\"},{\"bbox\":[325.0,1804.1,903.3,1842.3],\"lines\":[{\"bbox\":[325.0,1804.1,903.3,1842.3],\"text\":\"Income before taxes . . . . . . . . . . .\"}],\"order\":39,\"text\":\"Income before taxes . . . . . . . . . . .\"},{\"bbox\":[1419.0,1804.1,1533.5,1842.3],\"lines\":[{\"bbox\":[1419.0,1804.1,1533.5,1842.3],\"text\":\"$415.3\"}],\"order\":40,\"text\":\"$415.3\"},{\"bbox\":[325.0,2001.6,774.2,2031.8],\"lines\":[{\"bbox\":[325.0,2001.6,774.2,2031.8],\"text\":\"Year Ended December 31, 2012\"}],\"order\":41,\"text\":\"Year Ended December 31, 2012\"},{\"bbox\":[953.5,2001.6,1040.6,2031.8],\"lines\":[{\"bbox\":[953.5,2001.6,1040.6,2031.8],\"text\":\"Trade\"}],\"order\":42,\"text\":\"Trade\"},{\"bbox\":[1086.7,1918.3,1219.9,2031.8],\"lines\":[{\"bbox\":[1086.7,1918.3,1219.9,1948.4],\"text\":\"Sales, net\"},{\"bbox\":[1111.7,1968.3,1195.0,1998.4],\"text\":\"Inter-\"},{\"bbox\":[1095.0,2001.6,1211.6,2031.8],\"text\":\"segment\"}],\"order\":43,\"text\":\"Sales, net\\nInter-\\nsegment\"},{\"bbox\":[1271.5,2001.6,1347.4,2031.8],\"lines\":[{\"bbox\":[1271.5,2001.6,1347.4,2031.8],\"text\":\"Total\"}],\"order\":44,\"text\":\"Total\"},{\"bbox\":[1403.1,1935.0,1549.4,2031.8],\"lines\":[{\"bbox\":[1403.1,1935.0,1549.4,1965.1],\"text\":\"Operating\"},{\"bbox\":[1423.3,1968.3,1528.9,1998.4],\"text\":\"Income\"},{\"bbox\":[1432.7,2001.6,1519.7,2031.8],\"text\":\"(Loss)\"}],\"order\":45,\"text\":\"Operating\\nIncome\\n(Loss)\"},{\"bbox\":[1637.1,1662.5,1751.7,1700.6],\"lines\":[{\"bbox\":[1637.1,1662.5,1751.7,1700.6],\"text\":\"$201.8\"}],\"order\":46,\"text\":\"$201.8\"},{\"bbox\":[1594.8,1935.0,2054.4,2031.8],\"lines\":[{\"bbox\":[1598.5,1935.0,1790.2,1965.1],\"text\":\"Depreciation,\"},{\"bbox\":[1595.0,1968.3,1794.0,1998.4],\"text\":\"Amortization,\"},{\"bbox\":[1885.8,1968.3,1991.4,1998.4],\"text\":\"Capital\"},{\"bbox\":[1594.8,2001.6,2054.4,2031.8],\"text\":\"and Depletion Expenditures(k)\"}],\"order\":47,\"text\":\"Depreciation,\\nAmortization,\\nCapital\\nand Depletion Expenditures(k)\"},{\"bbox\":[2107.7,2001.6,2196.6,2031.8],\"lines\":[{\"bbox\":[2107.7,2001.6,2196.6,2031.8],\"text\":\"Assets\"}],\"order\":48,\"text\":\"Assets\"},{\"bbox\":[325.0,2062.5,1070.0,2250.6],\"lines\":[{\"bbox\":[325.0,2062.5,1070.0,2100.6],\"text\":\"Packaging . . . . . . . . . . . . . . . . . . . $2,843.9\"},{\"bbox\":[325.0,2112.5,903.3,2150.6],\"text\":\"Paper . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1028.3,2112.5,1070.0,2150.6],\"text\":\"—\"},{\"bbox\":[325.0,2162.5,903.3,2200.6],\"text\":\"Corporate and Other . . . . . . . . . . .\"},{\"bbox\":[1028.3,2162.5,1070.0,2200.6],\"text\":\"—\"},{\"bbox\":[325.0,2212.5,903.3,2250.6],\"text\":\"Intersegment eliminations . . . . . .\"},{\"bbox\":[1028.3,2212.5,1070.0,2250.6],\"text\":\"—\"}],\"order\":49,\"text\":\"Packaging . . . . . . . . . . . . . . . . . . . $2,843.9\\nPaper . . . . . . . . . . . . . . . . . . . . . . .\\n—\\nCorporate and Other . . . . . . . . . . .\\n—\\nIntersegment eliminations . . . . . .\\n—\"},{\"bbox\":[1122.1,2062.5,1184.6,2250.6],\"lines\":[{\"bbox\":[1122.1,2062.5,1184.6,2100.6],\"text\":\"$—\"},{\"bbox\":[1142.9,2112.5,1184.6,2150.6],\"text\":\"—\"},{\"bbox\":[1142.9,2162.5,1184.6,2200.6],\"text\":\"—\"},{\"bbox\":[1142.9,2212.5,1184.6,2250.6],\"text\":\"—\"}],\"order\":50,\"text\":\"$—\\n—\\n—\\n—\"},{\"bbox\":[1236.5,2062.5,1582.1,2250.6],\"lines\":[{\"bbox\":[1236.5,2062.5,1575.2,2100.6],\"text\":\"$2,843.9 $389.7(f)\"},{\"bbox\":[1340.6,2112.5,1382.3,2150.6],\"text\":\"—\"},{\"bbox\":[1491.9,2112.5,1533.5,2150.6],\"text\":\"—\"},{\"bbox\":[1340.6,2162.5,1382.3,2200.6],\"text\":\"—\"},{\"bbox\":[1460.6,2162.5,1582.1,2200.6],\"text\":\"53.7(g)\"},{\"bbox\":[1340.6,2212.5,1382.3,2250.6],\"text\":\"—\"},{\"bbox\":[1491.9,2212.5,1533.5,2250.6],\"text\":\"—\"}],\"order\":51,\"text\":\"$2,843.9 $389.7(f)\\n—\\n—\\n—\\n53.7(g)\\n—\\n—\"},{\"bbox\":[1637.1,2062.5,1751.7,2250.6],\"lines\":[{\"bbox\":[1637.1,2062.5,1751.7,2100.6],\"text\":\"$169.4\"},{\"bbox\":[1710.0,2112.5,1751.7,2150.6],\"text\":\"—\"},{\"bbox\":[1699.6,2162.5,1751.7,2200.6],\"text\":\"1.4\"},{\"bbox\":[1710.0,2212.5,1751.7,2250.6],\"text\":\"—\"}],\"order\":52,\"text\":\"$169.4\\n—\\n1.4\\n—\"},{\"bbox\":[1881.3,2062.5,1995.8,2250.6],\"lines\":[{\"bbox\":[1881.3,2062.5,1995.8,2100.6],\"text\":\"$127.8\"},{\"bbox\":[1954.2,2112.5,1995.8,2150.6],\"text\":\"—\"},{\"bbox\":[1943.8,2162.5,1995.8,2200.6],\"text\":\"0.7\"},{\"bbox\":[1954.2,2212.5,1995.8,2250.6],\"text\":\"—\"}],\"order\":53,\"text\":\"$127.8\\n—\\n0.7\\n—\"},{\"bbox\":[2079.2,2062.5,2225.0,2250.6],\"lines\":[{\"bbox\":[2079.2,2062.5,2225.0,2100.6],\"text\":\"$2,131.1\"},{\"bbox\":[2183.3,2112.5,2225.0,2150.6],\"text\":\"—\"},{\"bbox\":[2131.2,2162.5,2225.0,2200.6],\"text\":\"322.7\"},{\"bbox\":[2183.3,2212.5,2225.0,2250.6],\"text\":\"—\"}],\"order\":54,\"text\":\"$2,131.1\\n—\\n322.7\\n—\"},{\"bbox\":[924.2,2279.1,1070.0,2317.3],\"lines\":[{\"bbox\":[924.2,2279.1,1070.0,2317.3],\"text\":\"$2,843.9\"}],\"order\":55,\"text\":\"$2,843.9\"},{\"bbox\":[1122.1,2279.1,1184.6,2317.3],\"lines\":[{\"bbox\":[1122.1,2279.1,1184.6,2317.3],\"text\":\"$—\"}],\"order\":56,\"text\":\"$—\"},{\"bbox\":[1236.5,2279.1,1382.3,2317.3],\"lines\":[{\"bbox\":[1236.5,2279.1,1382.3,2317.3],\"text\":\"$2,843.9\"}],\"order\":57,\"text\":\"$2,843.9\"},{\"bbox\":[1637.1,2279.1,1751.7,2317.3],\"lines\":[{\"bbox\":[1637.1,2279.1,1751.7,2317.3],\"text\":\"$170.8\"}],\"order\":58,\"text\":\"$170.8\"},{\"bbox\":[1881.3,2279.1,1995.8,2317.3],\"lines\":[{\"bbox\":[1881.3,2279.1,1995.8,2317.3],\"text\":\"$128.5\"}],\"order\":59,\"text\":\"$128.5\"},{\"bbox\":[2079.2,2279.1,2225.0,2317.3],\"lines\":[{\"bbox\":[2079.2,2279.1,2225.0,2317.3],\"text\":\"$2,453.8\"}],\"order\":60,\"text\":\"$2,453.8\"},{\"bbox\":[1439.8,2279.1,1533.5,2317.3],\"lines\":[{\"bbox\":[1439.8,2279.1,1533.5,2317.3],\"text\":\"443.4\"}],\"order\":61,\"text\":\"443.4\"},{\"bbox\":[325.0,2354.1,903.3,2392.3],\"lines\":[{\"bbox\":[325.0,2354.1,903.3,2392.3],\"text\":\"Interest expense, net . . . . . . . . . . .\"}],\"order\":62,\"text\":\"Interest expense, net . . . . . . . . . . .\"},{\"bbox\":[1446.7,2354.1,1595.9,2392.3],\"lines\":[{\"bbox\":[1446.7,2354.1,1595.9,2392.3],\"text\":\"(62.9)(h)\"}],\"order\":63,\"text\":\"(62.9)(h)\"},{\"bbox\":[325.0,2420.8,903.3,2459.0],\"lines\":[{\"bbox\":[325.0,2420.8,903.3,2459.0],\"text\":\"Income before taxes . . . . . . . . . . .\"}],\"order\":64,\"text\":\"Income before taxes . . . . . . . . . . .\"},{\"bbox\":[1419.0,2420.8,1533.5,2459.0],\"lines\":[{\"bbox\":[1419.0,2420.8,1533.5,2459.0],\"text\":\"$380.6\"}],\"order\":65,\"text\":\"$380.6\"},{\"bbox\":[1254.2,2970.8,1295.8,3009.0],\"lines\":[{\"bbox\":[1254.2,2970.8,1295.8,3009.0],\"text\":\"76\"}],\"order\":66,\"text\":\"76\"}],\"doc\":\"fintabnet:PKG_2013\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Segment sales to external customers by product line are as follows (dollars in millions):\\n\\nYear Ended December 31\\n2013\\n2012\\n2011\\n\\nPackaging sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$3,431.7\\n\\n$2,843.9\\n\\n$2,620.1\\n\\nPaper sales\\nWhite papers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMarket pulp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n207.0\\n9.9\\n\\n—\\n—\\n\\n—\\n—\\n\\n216.9\\n\\n—\\n\\n—\\n\\n16.7\\n\\n—\\n\\n—\\n\\n$3,665.3\\n\\n$2,843.9\\n\\n$2,620.1\\n\\nCorporate and Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nSales to foreign unaffiliated customers, which are primarily recorded in our Packaging segment, during the\\nyear ended December 31, 2013, were $162.4 million. At December 31, 2013, the net carrying value of long-lived\\nassets held by foreign operations, all of which were in our Packaging segment, was $14.0 million.\\n\\nAn analysis of operations by reportable segment is as follows (dollars in millions):\\n\\nYear Ended December 31, 2013(a)\\n\\nTrade\\n\\nSales, net\\nInter-\\nsegment\\n\\nTotal\\n\\nOperating\\nIncome\\n(Loss)\\n\\nDepreciation,\\nAmortization,\\nCapital\\nand Depletion Expenditures(k)\\n\\nAssets\\n\\nPackaging . . . . . . . . . . . . . . . . . . . $3,431.3 $ 0.4 $3,431.7 $545.9(b) $190.2\\nPaper . . . . . . . . . . . . . . . . . . . . . . .\\n216.9\\n—\\n216.9\\n13.5(c)\\n9.1\\nCorporate and Other . . . . . . . . . . .\\n17.1\\n28.0\\n45.1\\n(85.8)(d)\\n2.5\\nIntersegment eliminations . . . . . .\\n— (28.4)\\n(28.4)\\n—\\n—\\n\\n$222.2\\n10.0\\n2.2\\n—\\n\\n$3,916.7\\n938.4\\n344.9\\n—\\n\\n$3,665.3 $\\n\\n$234.4\\n\\n$5,200.0\\n\\n— $3,665.3\\n\\n473.6\\n\\nInterest expense, net . . . . . . . . . . .\\n\\n(58.3)(e)\\n\\nIncome before taxes . . . . . . . . . . .\\n\\n$415.3\\n\\nYear Ended December 31, 2012\\n\\nTrade\\n\\nSales, net\\nInter-\\nsegment\\n\\nTotal\\n\\nOperating\\nIncome\\n(Loss)\\n\\n$201.8\\n\\nDepreciation,\\nAmortization,\\nCapital\\nand Depletion Expenditures(k)\\n\\nAssets\\n\\nPackaging . . . . . . . . . . . . . . . . . . . $2,843.9\\nPaper . . . . . . . . . . . . . . . . . . . . . . .\\n—\\nCorporate and Other . . . . . . . . . . .\\n—\\nIntersegment eliminations . . . . . .\\n—\\n\\n$—\\n—\\n—\\n—\\n\\n$2,843.9 $389.7(f)\\n—\\n—\\n—\\n53.7(g)\\n—\\n—\\n\\n$169.4\\n—\\n1.4\\n—\\n\\n$127.8\\n—\\n0.7\\n—\\n\\n$2,131.1\\n—\\n322.7\\n—\\n\\n$2,843.9\\n\\n$—\\n\\n$2,843.9\\n\\n$170.8\\n\\n$128.5\\n\\n$2,453.8\\n\\n443.4\\n\\nInterest expense, net . . . . . . . . . . .\\n\\n(62.9)(h)\\n\\nIncome before taxes . . . . . . . . . . .\\n\\n$380.6\\n\\n76\",\"name\":\"fintabnet.PKG_2013_page_80__300dpi_mild\",\"page_id\":\"fintabnet.PKG_2013_page_80\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PKG_2013_page_80\",\"stack\":[{\"amp\":0.061,\"angle\":302.6,\"blob\":0.598,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":3.207},{\"gain\":0.903,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":82}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[408.3,402.3,2141.7,925.7],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19],\"cells\":null}],\"text\":\"Segment sales to external customers by product line are as follows (dollars in millions):\\n\\nYear Ended December 31\\n2013\\n2012\\n2011\\n\\nPackaging sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$3,431.7\\n\\n$2,843.9\\n\\n$2,620.1\\n\\nPaper sales\\nWhite papers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMarket pulp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n207.0\\n9.9\\n\\n—\\n—\\n\\n—\\n—\\n\\n216.9\\n\\n—\\n\\n—\\n\\n16.7\\n\\n—\\n\\n—\\n\\n$3,665.3\\n\\n$2,843.9\\n\\n$2,620.1\\n\\nCorporate and Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nSales to foreign unaffiliated customers, which are primarily recorded in our Packaging segment, during the\\nyear ended December 31, 2013, were $162.4 million. At December 31, 2013, the net carrying value of long-lived\\nassets held by foreign operations, all of which were in our Packaging segment, was $14.0 million.\\n\\nAn analysis of operations by reportable segment is as follows (dollars in millions):\\n\\nYear Ended December 31, 2013(a)\\n\\nTrade\\n\\nSales, net\\nInter-\\nsegment\\n\\nTotal\\n\\nOperating\\nIncome\\n(Loss)\\n\\nDepreciation,\\nAmortization,\\nCapital\\nand Depletion Expenditures(k)\\n\\nAssets\\n\\nPackaging . . . . . . . . . . . . . . . . . . . $3,431.3 $ 0.4 $3,431.7 $545.9(b) $190.2\\nPaper . . . . . . . . . . . . . . . . . . . . . . .\\n216.9\\n—\\n216.9\\n13.5(c)\\n9.1\\nCorporate and Other . . . . . . . . . . .\\n17.1\\n28.0\\n45.1\\n(85.8)(d)\\n2.5\\nIntersegment eliminations . . . . . .\\n— (28.4)\\n(28.4)\\n—\\n—\\n\\n$222.2\\n10.0\\n2.2\\n—\\n\\n$3,916.7\\n938.4\\n344.9\\n—\\n\\n$3,665.3 $\\n\\n$234.4\\n\\n$5,200.0\\n\\n— $3,665.3\\n\\n473.6\\n\\nInterest expense, net . . . . . . . . . . .\\n\\n(58.3)(e)\\n\\nIncome before taxes . . . . . . . . . . .\\n\\n$415.3\\n\\nYear Ended December 31, 2012\\n\\nTrade\\n\\nSales, net\\nInter-\\nsegment\\n\\nTotal\\n\\nOperating\\nIncome\\n(Loss)\\n\\n$201.8\\n\\nDepreciation,\\nAmortization,\\nCapital\\nand Depletion Expenditures(k)\\n\\nAssets\\n\\nPackaging . . . . . . . . . . . . . . . . . . . $2,843.9\\nPaper . . . . . . . . . . . . . . . . . . . . . . .\\n—\\nCorporate and Other . . . . . . . . . . .\\n—\\nIntersegment eliminations . . . . . .\\n—\\n\\n$—\\n—\\n—\\n—\\n\\n$2,843.9 $389.7(f)\\n—\\n—\\n—\\n53.7(g)\\n—\\n—\\n\\n$169.4\\n—\\n1.4\\n—\\n\\n$127.8\\n—\\n0.7\\n—\\n\\n$2,131.1\\n—\\n322.7\\n—\\n\\n$2,843.9\\n\\n$—\\n\\n$2,843.9\\n\\n$170.8\\n\\n$128.5\\n\\n$2,453.8\\n\\n443.4\\n\\nInterest expense, net . . . . . . . . . . .\\n\\n(62.9)(h)\\n\\nIncome before taxes . . . . . . . . . . .\\n\\n$380.6\\n\\n76\"},\"name\":\"fintabnet.PKG_2013_page_80__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":968354,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:PKG_2013\",\"dpi\":300,\"gt_sha256\":\"e9a46d46510d37a21c626090de80c293bb9c7ecf34efa795ec105d94d40b8df9\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PKG_2013_page_80__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.PKG_2013_page_80\",\"pdf_sha256\":\"a756e2126fad21d0877ac4eeaa0de69f6465f24214f7a5636679d7e8c8ddcc2d\",\"px\":[2550,3300],\"scan\":{\"render\":\"00001ff0303c1020183c3ffc3bfc3bec32443bfc3aec32e40000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"PKG_2013_page_80\",\"src\":{\"file_sha256\":\"c6618ce9220a49496507ccc8ff0b633d1610c96579785a3f2fbb862dbc6f070f\",\"render\":\"00000000103c103c183c3ffc3bfc3bec33ec3bfc3bec33ec0000000000000000\",\"text\":\"c8e9e38e7dcf88f1e46eb6859995281d13dd2cad7675a631cd4dd222e09c1cef\"},\"stack\":[{\"amp\":0.061,\"angle\":302.6,\"blob\":0.598,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":3.207},{\"gain\":0.903,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":82}],\"tools\":\"21647cade0ee\"},\"sha256\":\"a756e2126fad21d0877ac4eeaa0de69f6465f24214f7a5636679d7e8c8ddcc2d\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/a756e2126fad21d0877ac4eeaa0de69f6465f24214f7a5636679d7e8c8ddcc2d.pdf","asset_sha256":"a756e2126fad21d0877ac4eeaa0de69f6465f24214f7a5636679d7e8c8ddcc2d","document_id":"fintabnet:PKG_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PKG_2013_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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equity\"},{\"bbox\":[2034.8,2563.0,2149.5,2612.9],\"lines\":[{\"bbox\":[2034.8,2563.0,2149.5,2612.9],\"text\":\"$4,732\"}],\"order\":99,\"text\":\"$4,732\"},{\"bbox\":[2272.3,2563.0,2387.0,2612.9],\"lines\":[{\"bbox\":[2272.3,2563.0,2387.0,2612.9],\"text\":\"$5,672\"}],\"order\":100,\"text\":\"$5,672\"},{\"bbox\":[237.1,2619.2,325.3,2670.8],\"lines\":[{\"bbox\":[237.1,2619.2,325.3,2670.8],\"text\":\"Total\"}],\"order\":101,\"text\":\"Total\"},{\"bbox\":[2014.0,2621.3,2149.5,2671.2],\"lines\":[{\"bbox\":[2014.0,2621.3,2149.5,2671.2],\"text\":\"$16,015\"}],\"order\":102,\"text\":\"$16,015\"},{\"bbox\":[2251.4,2621.3,2387.0,2671.2],\"lines\":[{\"bbox\":[2251.4,2621.3,2387.0,2671.2],\"text\":\"$16,538\"}],\"order\":103,\"text\":\"$16,538\"},{\"bbox\":[150.0,2696.3,2292.3,2751.5],\"lines\":[{\"bbox\":[150.0,2696.3,2292.3,2751.5],\"text\":\"The accompanying notes to the consolidated financial statements are an integral part of this consolidated statement.\"}],\"order\":104,\"text\":\"The accompanying notes to the consolidated financial statements are an integral part of this consolidated statement.\"},{\"bbox\":[1700.2,3160.5,2318.8,3199.3],\"lines\":[{\"bbox\":[1700.2,3160.5,2318.8,3199.3],\"text\":\"2018 PPG ANNUAL REPORT AND FORM 10-K\"}],\"order\":105,\"text\":\"2018 PPG ANNUAL REPORT AND FORM 10-K\"},{\"bbox\":[2367.5,3160.5,2399.9,3199.3],\"lines\":[{\"bbox\":[2367.5,3160.5,2399.9,3199.3],\"text\":\"49\"}],\"order\":106,\"text\":\"49\"}],\"doc\":\"fintabnet:PPG_2018\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Consolidated Balance Sheet\\n\\n|  | December 31 |  |\\n| --- | --- | --- |\\n| ($ in millions) | 2018 | 2017 |\\n| Assets |  |  |\\n| Current assets |  |  |\\n| Cash and cash equivalents | $902 | $1,436 |\\n| Short-term investments | 61 | 55 |\\n| Receivables | 2,845 | 2,903 |\\n| Inventories | 1,783 | 1,730 |\\n| Other | 370 | 353 |\\n| Total current assets | $5,961 | $6,477 |\\n| Property, plant and equipment, net | 2,805 | 2,824 |\\n| Goodwill | 4,070 | 3,942 |\\n| Identifiable intangible assets, net | 1,972 | 2,045 |\\n| Deferred income taxes | 229 | 305 |\\n| Investments | 251 | 268 |\\n| Other assets | 727 | 677 |\\n| Total | $16,015 | $16,538 |\\n| Liabilities and Shareholders’ Equity |  |  |\\n| Current liabilities |  |  |\\n| Accounts payable and accrued liabilities | $3,623 | $3,781 |\\n| Restructuring reserves | 99 | 102 |\\n| Short-term debt and current portion of long-term debt | 651 | 12 |\\n| Total current liabilities | $4,373 | $3,895 |\\n| Long-term debt | 4,365 | 4,134 |\\n| Accrued pensions | 645 | 729 |\\n| Other postretirement benefits | 629 | 699 |\\n| Deferred income taxes | 429 | 442 |\\n| Other liabilities | 842 | 967 |\\n| Total liabilities | $11,283 | $10,866 |\\n| Commitments and contingent liabilities (See Note 14) |  |  |\\n| Shareholders’ equity |  |  |\\n| Common stock | $969 | $969 |\\n| Additional paid-in capital | 788 | 756 |\\n| Retained earnings | 18,131 | 17,140 |\\n| Treasury stock, at cost | (12,958) | (11,251) |\\n| Accumulated other comprehensive loss | (2,300) | (2,057) |\\n| Total PPG shareholders’ equity | $4,630 | $5,557 |\\n| Noncontrolling interests | 102 | 115 |\\n| Total shareholders’ equity | $4,732 | $5,672 |\\n| Total | $16,015 | $16,538 |\\n\\nThe accompanying notes to the consolidated financial statements are an integral part of this consolidated statement.\\n\\n2018 PPG ANNUAL REPORT AND FORM 10-K\\n\\n49\",\"name\":\"fintabnet.PPG_2018_page_51__300dpi_none\",\"page_id\":\"fintabnet.PPG_2018_page_51\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PPG_2018_page_51\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[162.2,293.2,2399.6,2671.2],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103],\"cells\":[{\"bbox\":[2066.9,305.7,2274.4,339.1],\"c0\":1,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\"December 31\"},{\"bbox\":[162.5,362.5,358.8,395.9],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"($ in millions)\"},{\"bbox\":[2075.8,364.0,2150.0,397.4],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2018\"},{\"bbox\":[2313.3,364.0,2387.5,397.4],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2017\"},{\"bbox\":[162.5,416.8,285.5,454.3],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Assets\"},{\"bbox\":[162.5,473.2,406.3,510.8],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Current assets\"},{\"bbox\":[287.5,531.6,737.8,569.1],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Cash and cash equivalents\"},{\"bbox\":[2066.4,531.6,2149.9,569.1],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"$902\"},{\"bbox\":[2272.7,531.6,2387.4,569.1],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"$1,436\"},{\"bbox\":[287.5,589.9,675.1,627.5],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Short-term investments\"},{\"bbox\":[2108.1,589.9,2149.8,627.5],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"61\"},{\"bbox\":[2345.6,589.9,2387.3,627.5],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"55\"},{\"bbox\":[287.5,648.3,491.8,685.8],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Receivables\"},{\"bbox\":[2056.0,648.3,2149.9,685.8],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"2,845\"},{\"bbox\":[2293.5,648.3,2387.4,685.8],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"2,903\"},{\"bbox\":[287.5,706.6,470.9,744.2],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Inventories\"},{\"bbox\":[2056.0,706.6,2149.9,744.2],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"1,783\"},{\"bbox\":[2293.5,706.6,2387.4,744.2],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"1,730\"},{\"bbox\":[287.5,765.0,381.3,802.5],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Other\"},{\"bbox\":[2087.2,767.2,2149.8,804.8],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"370\"},{\"bbox\":[2324.8,767.2,2387.3,804.8],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"353\"},{\"bbox\":[237.5,827.5,592.4,865.1],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Total current assets\"},{\"bbox\":[2035.2,825.6,2149.9,863.2],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"$5,961\"},{\"bbox\":[2272.6,825.6,2387.4,863.2],\"c0\":2,\"c1\":2,\"r0\":9,\"r1\":9,\"text\":\"$6,477\"},{\"bbox\":[162.5,881.6,736.4,919.2],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Property, plant and equipment, net\"},{\"bbox\":[2056.0,883.9,2149.8,921.5],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"2,805\"},{\"bbox\":[2293.5,883.9,2387.3,921.5],\"c0\":2,\"c1\":2,\"r0\":10,\"r1\":10,\"text\":\"2,824\"},{\"bbox\":[162.4,940.0,306.2,977.5],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"Goodwill\"},{\"bbox\":[2055.9,942.2,2149.8,979.8],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"4,070\"},{\"bbox\":[2293.4,942.2,2387.3,979.8],\"c0\":2,\"c1\":2,\"r0\":11,\"r1\":11,\"text\":\"3,942\"},{\"bbox\":[162.4,998.3,706.5,1035.8],\"c0\":0,\"c1\":0,\"r0\":12,\"r1\":12,\"text\":\"Identifiable intangible assets, net\"},{\"bbox\":[2055.9,1000.5,2149.8,1038.1],\"c0\":1,\"c1\":1,\"r0\":12,\"r1\":12,\"text\":\"1,972\"},{\"bbox\":[2293.4,1000.5,2387.3,1038.1],\"c0\":2,\"c1\":2,\"r0\":12,\"r1\":12,\"text\":\"2,045\"},{\"bbox\":[162.3,1056.6,539.6,1094.1],\"c0\":0,\"c1\":0,\"r0\":13,\"r1\":13,\"text\":\"Deferred income taxes\"},{\"bbox\":[2087.1,1058.9,2149.7,1096.4],\"c0\":1,\"c1\":1,\"r0\":13,\"r1\":13,\"text\":\"229\"},{\"bbox\":[2324.6,1058.9,2387.2,1096.4],\"c0\":2,\"c1\":2,\"r0\":13,\"r1\":13,\"text\":\"305\"},{\"bbox\":[162.3,1114.9,364.5,1152.4],\"c0\":0,\"c1\":0,\"r0\":14,\"r1\":14,\"text\":\"Investments\"},{\"bbox\":[2087.1,1117.2,2149.7,1154.7],\"c0\":1,\"c1\":1,\"r0\":14,\"r1\":14,\"text\":\"251\"},{\"bbox\":[2324.6,1117.2,2387.2,1154.7],\"c0\":2,\"c1\":2,\"r0\":14,\"r1\":14,\"text\":\"268\"},{\"bbox\":[162.3,1173.2,375.0,1210.8],\"c0\":0,\"c1\":0,\"r0\":15,\"r1\":15,\"text\":\"Other assets\"},{\"bbox\":[2087.1,1175.5,2149.7,1213.0],\"c0\":1,\"c1\":1,\"r0\":15,\"r1\":15,\"text\":\"727\"},{\"bbox\":[2324.6,1175.5,2387.2,1213.0],\"c0\":2,\"c1\":2,\"r0\":15,\"r1\":15,\"text\":\"677\"},{\"bbox\":[237.3,1233.4,326.2,1271.0],\"c0\":0,\"c1\":0,\"r0\":16,\"r1\":16,\"text\":\"Total\"},{\"bbox\":[2014.2,1233.8,2149.8,1271.3],\"c0\":1,\"c1\":1,\"r0\":16,\"r1\":16,\"text\":\"$16,015\"},{\"bbox\":[2251.7,1233.8,2387.3,1271.3],\"c0\":2,\"c1\":2,\"r0\":16,\"r1\":16,\"text\":\"$16,538\"},{\"bbox\":[162.3,1350.1,795.9,1387.6],\"c0\":0,\"c1\":0,\"r0\":17,\"r1\":17,\"text\":\"Liabilities and Shareholders’ Equity\"},{\"bbox\":[162.3,1406.5,439.5,1444.1],\"c0\":0,\"c1\":0,\"r0\":18,\"r1\":18,\"text\":\"Current liabilities\"},{\"bbox\":[287.3,1464.9,952.2,1502.4],\"c0\":0,\"c1\":0,\"r0\":19,\"r1\":19,\"text\":\"Accounts payable and accrued liabilities\"},{\"bbox\":[2035.0,1467.2,2149.7,1504.7],\"c0\":1,\"c1\":1,\"r0\":19,\"r1\":19,\"text\":\"$3,623\"},{\"bbox\":[2272.5,1467.2,2387.2,1504.7],\"c0\":2,\"c1\":2,\"r0\":19,\"r1\":19,\"text\":\"$3,781\"},{\"bbox\":[287.3,1523.2,664.5,1560.8],\"c0\":0,\"c1\":0,\"r0\":20,\"r1\":20,\"text\":\"Restructuring reserves\"},{\"bbox\":[2107.9,1525.5,2149.6,1563.0],\"c0\":1,\"c1\":1,\"r0\":20,\"r1\":20,\"text\":\"99\"},{\"bbox\":[2324.6,1525.5,2387.2,1563.0],\"c0\":2,\"c1\":2,\"r0\":20,\"r1\":20,\"text\":\"102\"},{\"bbox\":[287.3,1581.5,1166.9,1619.0],\"c0\":0,\"c1\":0,\"r0\":21,\"r1\":21,\"text\":\"Short-term debt and current portion of long-term debt\"},{\"bbox\":[2087.0,1581.5,2149.6,1619.0],\"c0\":1,\"c1\":1,\"r0\":21,\"r1\":21,\"text\":\"651\"},{\"bbox\":[2345.4,1581.5,2387.1,1619.0],\"c0\":2,\"c1\":2,\"r0\":21,\"r1\":21,\"text\":\"12\"},{\"bbox\":[237.2,1641.8,636.7,1679.3],\"c0\":0,\"c1\":0,\"r0\":22,\"r1\":22,\"text\":\"Total current liabilities\"},{\"bbox\":[2035.0,1642.1,2149.7,1679.7],\"c0\":1,\"c1\":1,\"r0\":22,\"r1\":22,\"text\":\"$4,373\"},{\"bbox\":[2272.5,1642.1,2387.2,1679.7],\"c0\":2,\"c1\":2,\"r0\":22,\"r1\":22,\"text\":\"$3,895\"},{\"bbox\":[162.2,1698.2,416.6,1735.7],\"c0\":0,\"c1\":0,\"r0\":23,\"r1\":23,\"text\":\"Long-term debt\"},{\"bbox\":[2055.8,1700.5,2149.6,1738.0],\"c0\":1,\"c1\":1,\"r0\":23,\"r1\":23,\"text\":\"4,365\"},{\"bbox\":[2293.2,1700.5,2387.1,1738.0],\"c0\":2,\"c1\":2,\"r0\":23,\"r1\":23,\"text\":\"4,134\"},{\"bbox\":[162.2,1756.5,460.3,1794.0],\"c0\":0,\"c1\":0,\"r0\":24,\"r1\":24,\"text\":\"Accrued pensions\"},{\"bbox\":[2087.0,1758.8,2149.6,1796.3],\"c0\":1,\"c1\":1,\"r0\":24,\"r1\":24,\"text\":\"645\"},{\"bbox\":[2324.5,1758.8,2387.1,1796.3],\"c0\":2,\"c1\":2,\"r0\":24,\"r1\":24,\"text\":\"729\"},{\"bbox\":[162.2,1814.8,647.9,1852.3],\"c0\":0,\"c1\":0,\"r0\":25,\"r1\":25,\"text\":\"Other postretirement benefits\"},{\"bbox\":[2087.0,1817.1,2149.6,1854.6],\"c0\":1,\"c1\":1,\"r0\":25,\"r1\":25,\"text\":\"629\"},{\"bbox\":[2324.5,1817.1,2387.1,1854.6],\"c0\":2,\"c1\":2,\"r0\":25,\"r1\":25,\"text\":\"699\"},{\"bbox\":[162.2,1873.1,539.5,1910.6],\"c0\":0,\"c1\":0,\"r0\":26,\"r1\":26,\"text\":\"Deferred income taxes\"},{\"bbox\":[2087.0,1875.4,2149.6,1912.9],\"c0\":1,\"c1\":1,\"r0\":26,\"r1\":26,\"text\":\"429\"},{\"bbox\":[2324.5,1875.4,2387.1,1912.9],\"c0\":2,\"c1\":2,\"r0\":26,\"r1\":26,\"text\":\"442\"},{\"bbox\":[162.2,1931.4,408.1,1969.0],\"c0\":0,\"c1\":0,\"r0\":27,\"r1\":27,\"text\":\"Other liabilities\"},{\"bbox\":[2087.0,1933.7,2149.6,1971.3],\"c0\":1,\"c1\":1,\"r0\":27,\"r1\":27,\"text\":\"842\"},{\"bbox\":[2324.5,1933.7,2387.1,1971.3],\"c0\":2,\"c1\":2,\"r0\":27,\"r1\":27,\"text\":\"967\"},{\"bbox\":[237.2,1991.6,497.1,2029.2],\"c0\":0,\"c1\":0,\"r0\":28,\"r1\":28,\"text\":\"Total liabilities\"},{\"bbox\":[2014.1,1992.0,2149.6,2029.5],\"c0\":1,\"c1\":1,\"r0\":28,\"r1\":28,\"text\":\"$11,283\"},{\"bbox\":[2251.6,1992.0,2387.1,2029.5],\"c0\":2,\"c1\":2,\"r0\":28,\"r1\":28,\"text\":\"$10,866\"},{\"bbox\":[162.2,2048.0,1045.9,2085.6],\"c0\":0,\"c1\":0,\"r0\":29,\"r1\":29,\"text\":\"Commitments and contingent liabilities (See Note 14)\"},{\"bbox\":[162.2,2106.4,502.7,2143.9],\"c0\":0,\"c1\":0,\"r0\":30,\"r1\":30,\"text\":\"Shareholders’ equity\"},{\"bbox\":[287.2,2164.8,537.2,2202.3],\"c0\":0,\"c1\":0,\"r0\":31,\"r1\":31,\"text\":\"Common stock\"},{\"bbox\":[2066.1,2164.8,2149.6,2202.3],\"c0\":1,\"c1\":1,\"r0\":31,\"r1\":31,\"text\":\"$969\"},{\"bbox\":[2303.6,2164.8,2387.0,2202.3],\"c0\":2,\"c1\":2,\"r0\":31,\"r1\":31,\"text\":\"$969\"},{\"bbox\":[287.2,2223.1,693.6,2260.6],\"c0\":0,\"c1\":0,\"r0\":32,\"r1\":32,\"text\":\"Additional paid-in capital\"},{\"bbox\":[2087.0,2223.1,2149.5,2260.6],\"c0\":1,\"c1\":1,\"r0\":32,\"r1\":32,\"text\":\"788\"},{\"bbox\":[2324.4,2223.1,2387.0,2260.6],\"c0\":2,\"c1\":2,\"r0\":32,\"r1\":32,\"text\":\"756\"},{\"bbox\":[287.1,2281.5,591.5,2319.0],\"c0\":0,\"c1\":0,\"r0\":33,\"r1\":33,\"text\":\"Retained earnings\"},{\"bbox\":[2034.8,2281.5,2149.6,2319.0],\"c0\":1,\"c1\":1,\"r0\":33,\"r1\":33,\"text\":\"18,131\"},{\"bbox\":[2272.3,2281.5,2387.0,2319.0],\"c0\":2,\"c1\":2,\"r0\":33,\"r1\":33,\"text\":\"17,140\"},{\"bbox\":[287.1,2339.8,663.7,2377.3],\"c0\":0,\"c1\":0,\"r0\":34,\"r1\":34,\"text\":\"Treasury stock, at cost\"},{\"bbox\":[2022.3,2339.8,2162.2,2377.3],\"c0\":1,\"c1\":1,\"r0\":34,\"r1\":34,\"text\":\"(12,958)\"},{\"bbox\":[2259.8,2339.8,2399.6,2377.3],\"c0\":2,\"c1\":2,\"r0\":34,\"r1\":34,\"text\":\"(11,251)\"},{\"bbox\":[287.1,2398.1,941.5,2435.7],\"c0\":0,\"c1\":0,\"r0\":35,\"r1\":35,\"text\":\"Accumulated other comprehensive loss\"},{\"bbox\":[2043.1,2400.4,2162.1,2438.0],\"c0\":1,\"c1\":1,\"r0\":35,\"r1\":35,\"text\":\"(2,300)\"},{\"bbox\":[2280.6,2400.4,2399.6,2438.0],\"c0\":2,\"c1\":2,\"r0\":35,\"r1\":35,\"text\":\"(2,057)\"},{\"bbox\":[237.1,2458.4,791.5,2495.9],\"c0\":0,\"c1\":0,\"r0\":36,\"r1\":36,\"text\":\"Total PPG shareholders’ equity\"},{\"bbox\":[2034.8,2458.8,2149.5,2496.3],\"c0\":1,\"c1\":1,\"r0\":36,\"r1\":36,\"text\":\"$4,630\"},{\"bbox\":[2272.3,2458.8,2387.0,2496.3],\"c0\":2,\"c1\":2,\"r0\":36,\"r1\":36,\"text\":\"$5,557\"},{\"bbox\":[287.1,2514.8,678.9,2552.3],\"c0\":0,\"c1\":0,\"r0\":37,\"r1\":37,\"text\":\"Noncontrolling interests\"},{\"bbox\":[2086.9,2517.0,2149.5,2554.6],\"c0\":1,\"c1\":1,\"r0\":37,\"r1\":37,\"text\":\"102\"},{\"bbox\":[2324.3,2517.0,2387.0,2554.6],\"c0\":2,\"c1\":2,\"r0\":37,\"r1\":37,\"text\":\"115\"},{\"bbox\":[237.1,2575.0,701.8,2612.5],\"c0\":0,\"c1\":0,\"r0\":38,\"r1\":38,\"text\":\"Total shareholders’ equity\"},{\"bbox\":[2034.8,2575.4,2149.5,2612.9],\"c0\":1,\"c1\":1,\"r0\":38,\"r1\":38,\"text\":\"$4,732\"},{\"bbox\":[2272.3,2575.4,2387.0,2612.9],\"c0\":2,\"c1\":2,\"r0\":38,\"r1\":38,\"text\":\"$5,672\"},{\"bbox\":[237.1,2633.3,325.3,2670.8],\"c0\":0,\"c1\":0,\"r0\":39,\"r1\":39,\"text\":\"Total\"},{\"bbox\":[2013.9,2633.7,2149.5,2671.2],\"c0\":1,\"c1\":1,\"r0\":39,\"r1\":39,\"text\":\"$16,015\"},{\"bbox\":[2251.4,2633.7,2387.0,2671.2],\"c0\":2,\"c1\":2,\"r0\":39,\"r1\":39,\"text\":\"$16,538\"}]}],\"text\":\"Consolidated Balance Sheet\\n\\nDecember 31\\n\\n2018\\n\\n2017\\n\\n$902\\n\\n$1,436\\n\\n61\\n\\n55\\n\\nReceivables\\n\\n2,845\\n\\n2,903\\n\\nInventories\\n\\n1,783\\n\\n1,730\\n\\n370\\n\\n353\\n\\n$5,961\\n\\n$6,477\\n\\n2,805\\n\\n2,824\\n\\n($ in millions)\\n\\nAssets\\n\\nCurrent assets\\n\\nCash and cash equivalents\\n\\nShort-term investments\\n\\nOther\\n\\nTotal current assets\\nProperty, plant and equipment, net\\n\\nGoodwill\\n\\n4,070\\n\\n3,942\\n\\nIdentifiable intangible assets, net\\n\\n1,972\\n\\n2,045\\n\\nDeferred income taxes\\n\\n229\\n\\n305\\n\\nInvestments\\n\\n251\\n\\n268\\n\\nOther assets\\n\\nTotal\\n\\n727\\n\\n677\\n\\n$16,015\\n\\n$16,538\\n\\n$3,623\\n\\n$3,781\\n\\n99\\n651\\n\\n102\\n12\\n\\nLiabilities and Shareholders’ Equity\\n\\nCurrent liabilities\\n\\nAccounts payable and accrued liabilities\\n\\nRestructuring reserves\\n\\nShort-term debt and current portion of long-term debt\\n\\nTotal current liabilities\\n\\n$4,373\\n\\n$3,895\\n\\nLong-term debt\\n\\n4,365\\n\\n4,134\\n\\nAccrued pensions\\n\\n645\\n\\n729\\n\\nOther postretirement benefits\\n\\n629\\n\\n699\\n\\nDeferred income taxes\\n\\n429\\n\\n442\\n\\nOther liabilities\\n\\n842\\n\\n967\\n\\n$11,283\\n\\n$10,866\\n\\nCommon stock\\n\\n$969\\n\\n$969\\n\\nAdditional paid-in capital\\n\\n788\\n\\n756\\n\\nTotal liabilities\\n\\nCommitments and contingent liabilities (See Note 14)\\n\\nShareholders’ equity\\n\\nRetained earnings\\n\\n18,131\\n\\n17,140\\n\\nTreasury stock, at cost\\n\\n(12,958)\\n\\n(11,251)\\n\\nAccumulated other comprehensive loss\\n\\n(2,300)\\n\\n(2,057)\\n\\n$4,630\\n\\n$5,557\\n\\n102\\n\\n115\\n\\nTotal PPG shareholders’ equity\\n\\nNoncontrolling interests\\n\\nTotal shareholders’ equity\\n\\n$4,732\\n\\n$5,672\\n\\nTotal\\n\\n$16,015\\n\\n$16,538\\n\\nThe accompanying notes to the consolidated financial statements are an integral part of this consolidated statement.\\n\\n2018 PPG ANNUAL REPORT AND FORM 10-K\\n\\n49\"},\"name\":\"fintabnet.PPG_2018_page_51__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":198539,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PPG_2018\",\"dpi\":300,\"gt_sha256\":\"e22a9ab387ad67eeb49ac12d913d77d18e939ecfa3d7cf7fd77d67bc03267be0\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint 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See the definitions of \\\"large accelerated filer\\\", \\\"accelerated filer\\\", \\\"smaller\"},{\"bbox\":[40.2,530.6,354.7,542.1],\"text\":\"reporting company\\\", and \\\"emerging growth company\\\" in Rule 12b-2 of the Exchange Act.\"}],\"order\":31,\"text\":\"Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller\\nreporting company, or an emerging growth company. See the definitions of \\\"large accelerated filer\\\", \\\"accelerated filer\\\", \\\"smaller\\nreporting company\\\", and \\\"emerging growth company\\\" in Rule 12b-2 of the Exchange Act.\"},{\"bbox\":[39.4,555.6,118.6,565.1],\"lines\":[{\"bbox\":[39.4,555.6,118.6,565.1],\"text\":\"Large accelerated filer\"}],\"order\":32,\"text\":\"Large accelerated filer\"},{\"bbox\":[147.4,555.7,158.1,564.7],\"lines\":[{\"bbox\":[147.4,555.7,158.1,564.7],\"text\":\"[X]\"}],\"order\":33,\"text\":\"[X]\"},{\"bbox\":[39.5,568.4,134.7,578.1],\"lines\":[{\"bbox\":[39.5,568.4,134.7,578.1],\"text\":\"Emerging growth company\"}],\"order\":34,\"text\":\"Emerging growth company\"},{\"bbox\":[147.5,569.7,157.3,578.7],\"lines\":[{\"bbox\":[147.5,569.7,157.3,578.7],\"text\":\"[ ]\"}],\"order\":35,\"text\":\"[ ]\"},{\"bbox\":[172.4,555.1,229.8,564.5],\"lines\":[{\"bbox\":[172.4,555.1,229.8,564.5],\"text\":\"Accelerated filer\"}],\"order\":36,\"text\":\"Accelerated filer\"},{\"bbox\":[280.4,554.6,290.2,563.6],\"lines\":[{\"bbox\":[280.4,554.6,290.2,563.6],\"text\":\"[ ]\"}],\"order\":37,\"text\":\"[ ]\"},{\"bbox\":[306.4,553.4,380.3,562.9],\"lines\":[{\"bbox\":[306.4,553.4,380.3,562.9],\"text\":\"Non-accelerated filer\"}],\"order\":38,\"text\":\"Non-accelerated filer\"},{\"bbox\":[438.4,552.6,534.0,562.3],\"lines\":[{\"bbox\":[438.4,552.6,534.0,562.3],\"text\":\"Smaller reporting company\"}],\"order\":39,\"text\":\"Smaller reporting company\"},{\"bbox\":[544.4,552.4,554.2,561.4],\"lines\":[{\"bbox\":[544.4,552.4,554.2,561.4],\"text\":\"[ ]\"}],\"order\":40,\"text\":\"[ ]\"},{\"bbox\":[39.7,588.2,530.1,609.1],\"lines\":[{\"bbox\":[39.7,588.2,530.0,601.1],\"text\":\"If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying\"},{\"bbox\":[39.7,597.0,433.8,609.1],\"text\":\"with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.\"}],\"order\":41,\"text\":\"If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying\\nwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.\"},{\"bbox\":[544.7,596.4,554.6,605.4],\"lines\":[{\"bbox\":[544.7,596.4,554.6,605.4],\"text\":\"[ ]\"}],\"order\":42,\"text\":\"[ ]\"},{\"bbox\":[39.9,620.7,401.5,632.6],\"lines\":[{\"bbox\":[39.9,620.7,401.5,632.6],\"text\":\"Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).\"}],\"order\":43,\"text\":\"Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).\"},{\"bbox\":[414.4,553.5,424.2,562.5],\"lines\":[{\"bbox\":[414.4,553.5,424.2,562.5],\"text\":\"[ ]\"}],\"order\":44,\"text\":\"[ ]\"},{\"bbox\":[486.9,619.4,555.7,628.9],\"lines\":[{\"bbox\":[486.9,619.4,555.7,628.9],\"text\":\"YES [ ] NO [X]\"}],\"order\":45,\"text\":\"YES [ ] NO [X]\"},{\"bbox\":[38.1,636.0,560.4,682.7],\"lines\":[{\"bbox\":[38.1,636.0,560.1,650.3],\"text\":\"The aggregate market value of the voting stock held by non-affiliates of the registrant, based upon the closing sale price of our ordinary\"},{\"bbox\":[38.2,646.8,560.2,661.1],\"text\":\"shares on June 30, 2017 as reported on the New York Stock Exchange, was $10,768,787,616. Ordinary shares held by each director\"},{\"bbox\":[38.3,657.6,560.3,671.9],\"text\":\"or executive officer have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate status is\"},{\"bbox\":[38.3,670.7,285.5,682.7],\"text\":\"not necessarily a conclusive determination for other purposes.\"}],\"order\":46,\"text\":\"The aggregate market value of the voting stock held by non-affiliates of the registrant, based upon the closing sale price of our ordinary\\nshares on June 30, 2017 as reported on the New York Stock Exchange, was $10,768,787,616. Ordinary shares held by each director\\nor executive officer have been excluded in that such persons may be deemed to be affiliates. This determination of affiliate status is\\nnot necessarily a conclusive determination for other purposes.\"},{\"bbox\":[38.5,683.7,378.7,696.5],\"lines\":[{\"bbox\":[38.5,683.7,378.7,696.5],\"text\":\"As of February 23, 2018, the registrant had 140,833,598 outstanding ordinary shares.\"}],\"order\":47,\"text\":\"As of February 23, 2018, the registrant had 140,833,598 outstanding ordinary shares.\"},{\"bbox\":[38.6,696.0,560.8,731.9],\"lines\":[{\"bbox\":[223.0,698.4,268.6,708.8],\"text\":\"Documents\"},{\"bbox\":[271.0,697.5,376.2,708.4],\"text\":\"incorporated by reference:\"},{\"bbox\":[290.5,698.2,295.6,708.3],\"text\":\"p\"},{\"bbox\":[38.7,706.8,560.7,721.1],\"text\":\"The information called for by Part III will be incorporated by reference from the Registrant's definitive Proxy Statement for its Annual\"},{\"bbox\":[38.8,718.0,509.5,731.9],\"text\":\"Meeting of Shareholders to be filed pursuant to Regulation 14A or will be included in an amendment to this Form 10-K.\"}],\"order\":48,\"text\":\"Documents\\nincorporated by reference:\\np\\nThe information called for by Part III will be incorporated by reference from the Registrant's definitive Proxy Statement for its Annual\\nMeeting of Shareholders to be filed pursuant to Regulation 14A or will be included in an amendment to this Form 10-K.\"}],\"doc\":\"fintabnet:PRGO_2017\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"UNITED STATES\\nSECURITIES AND EXCHANGE COMMISSION\\nWashington, D.C. 20549\\n\\nFORM 10-K\\n\\n[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\\n\\nFor the year ended December 31, 2017\\n\\nor\\n[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\\n\\nFor the transition period from _____ to _____\\nCommission file number 001-36353\\n\\nPerrigo Company plc\\n\\n(Exact name of registrant as specified in its charter)\\n\\nIreland\\n\\nN/A\\n\\n(State or other jurisdiction of incorporation or organization)\\n\\n(I.R.S. Employer Identification No.)\\n\\nTreasury Building, Lower Grand Canal Street, Dublin 2, Ireland\\n(Address of principal executive offices)\\n\\n(Zip Code)\\n\\n-\\n\\nRegistrant’s telephone number, including area code: +353 1 7094000\\nSecurities registered pursuant to Section 12(b) of the Act:\\n\\nOrdinary shares, €0.001 par value\\n\\nNew York Stock Exchange\\n\\nTitle of each class\\n\\nName of each exchange on which registered\\n\\nSecurities registered pursuant to Section 12(g) of the Act:\\nNone\\n(Title of Class)\\n\\nIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.\\n\\nYES [ ] NO [X]\\n\\nIndicate by check mark if the registrant is not required to file reports pursuant to Section 13 of Section 15(d) of the Act.\\n\\nYES [ ] NO [X]\\n\\nIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities\\nExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such\\nreports), and (2) has been subject to such filing requirements for the past 90 days.\\n\\nYES [X] NO [ ]\\n\\nIndicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every\\nInteractive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter)\\nduring the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).\\n\\nYES [X] NO [ ]\\n\\nIndicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is\\nnot contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information\\nstatements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.\\n\\n[ ]\\n\\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller\\nreporting company, or an emerging growth company. 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Ordinary shares held by each director\\nor executive officer have been excluded in that such persons may be deemed to be affiliates. 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PRGO_2017_page_190\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PRGO_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[1675.1,111.8,2220.8,215.5],\"lines\":[{\"bbox\":[1675.1,111.8,2219.7,168.0],\"text\":\"Perrigo Company plc - Item 8\"},{\"bbox\":[2081.1,159.3,2220.8,206.6],\"text\":\"Note 19\"}],\"order\":0,\"text\":\"Perrigo Company plc - Item 8\\nNote 19\"},{\"bbox\":[192.5,273.2,2072.6,412.6],\"lines\":[{\"bbox\":[335.1,273.2,2071.5,361.9],\"text\":\"We generated third-party revenue in the following geographic locations (1) during each of the periods\"},{\"bbox\":[193.7,357.1,707.4,412.6],\"text\":\"presented below (in millions):\"}],\"order\":1,\"text\":\"We generated third-party revenue in the following geographic locations (1) during each of the periods\\npresented below (in millions):\"},{\"bbox\":[1014.0,464.9,1210.0,509.0],\"lines\":[{\"bbox\":[1014.0,464.9,1210.0,509.0],\"text\":\"Year Ended\"}],\"order\":2,\"text\":\"Year Ended\"},{\"bbox\":[437.2,626.2,547.0,668.3],\"lines\":[{\"bbox\":[437.2,626.2,547.0,668.3],\"text\":\"Ireland\"}],\"order\":3,\"text\":\"Ireland\"},{\"bbox\":[1783.6,504.6,1927.9,583.2],\"lines\":[{\"bbox\":[1783.6,504.6,1927.1,547.5],\"text\":\"June 27,\"},{\"bbox\":[1816.1,541.0,1896.2,582.5],\"text\":\"2015\"}],\"order\":4,\"text\":\"June 27,\\n2015\"},{\"bbox\":[1144.9,516.7,1378.4,597.2],\"lines\":[{\"bbox\":[1144.9,516.7,1377.6,561.6],\"text\":\"December 31,\"},{\"bbox\":[1221.9,554.0,1302.1,595.6],\"text\":\"2016\"}],\"order\":5,\"text\":\"December 31,\\n2016\"},{\"bbox\":[1442.0,510.2,1675.4,590.7],\"lines\":[{\"bbox\":[1442.0,510.2,1674.6,555.1],\"text\":\"December 31,\"},{\"bbox\":[1519.0,547.5,1599.1,589.0],\"text\":\"2015\"}],\"order\":6,\"text\":\"December 31,\\n2015\"},{\"bbox\":[837.2,619.3,857.9,659.5],\"lines\":[{\"bbox\":[837.2,619.3,857.9,659.5],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[1134.2,612.8,1154.9,653.0],\"lines\":[{\"bbox\":[1134.2,612.8,1154.9,653.0],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[1431.2,606.2,1451.9,646.4],\"lines\":[{\"bbox\":[1431.2,606.2,1451.9,646.4],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[1025.1,614.1,1095.3,655.4],\"lines\":[{\"bbox\":[1025.1,614.1,1095.3,655.4],\"text\":\"30.4\"}],\"order\":10,\"text\":\"30.4\"},{\"bbox\":[1322.1,607.5,1392.4,648.8],\"lines\":[{\"bbox\":[1322.1,607.5,1392.4,648.8],\"text\":\"89.1\"}],\"order\":11,\"text\":\"89.1\"},{\"bbox\":[1619.2,601.0,1689.4,642.3],\"lines\":[{\"bbox\":[1619.2,601.0,1689.4,642.3],\"text\":\"11.4\"}],\"order\":12,\"text\":\"11.4\"},{\"bbox\":[1728.3,599.7,1749.0,639.9],\"lines\":[{\"bbox\":[1728.3,599.7,1749.0,639.9],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[1936.0,594.4,1986.4,635.3],\"lines\":[{\"bbox\":[1936.0,594.4,1986.4,635.3],\"text\":\"7.2\"}],\"order\":14,\"text\":\"7.2\"},{\"bbox\":[438.4,682.5,508.6,723.8],\"lines\":[{\"bbox\":[438.4,682.5,508.6,723.8],\"text\":\"U.S.\"}],\"order\":15,\"text\":\"U.S.\"},{\"bbox\":[976.9,669.5,1096.6,711.9],\"lines\":[{\"bbox\":[976.9,669.5,1096.6,711.9],\"text\":\"3,272.3\"}],\"order\":16,\"text\":\"3,272.3\"},{\"bbox\":[1273.9,663.0,1393.7,705.4],\"lines\":[{\"bbox\":[1273.9,663.0,1393.7,705.4],\"text\":\"3,353.0\"}],\"order\":17,\"text\":\"3,353.0\"},{\"bbox\":[1570.9,656.4,1690.7,698.8],\"lines\":[{\"bbox\":[1570.9,656.4,1690.7,698.8],\"text\":\"1,686.2\"}],\"order\":18,\"text\":\"1,686.2\"},{\"bbox\":[1868.0,649.9,1987.8,692.3],\"lines\":[{\"bbox\":[1868.0,649.9,1987.8,692.3],\"text\":\"3,303.2\"}],\"order\":19,\"text\":\"3,303.2\"},{\"bbox\":[439.6,736.9,555.4,779.2],\"lines\":[{\"bbox\":[439.6,736.9,555.4,779.2],\"text\":\"Europe\"}],\"order\":20,\"text\":\"Europe\"},{\"bbox\":[978.0,725.0,1097.8,767.4],\"lines\":[{\"bbox\":[978.0,725.0,1097.8,767.4],\"text\":\"1,313.2\"}],\"order\":21,\"text\":\"1,313.2\"},{\"bbox\":[1275.1,718.4,1394.8,760.8],\"lines\":[{\"bbox\":[1275.1,718.4,1394.8,760.8],\"text\":\"1,493.0\"}],\"order\":22,\"text\":\"1,493.0\"},{\"bbox\":[1601.8,711.9,1691.8,753.6],\"lines\":[{\"bbox\":[1601.8,711.9,1691.8,753.6],\"text\":\"758.2\"}],\"order\":23,\"text\":\"758.2\"},{\"bbox\":[1898.8,705.3,1988.9,747.1],\"lines\":[{\"bbox\":[1898.8,705.3,1988.9,747.1],\"text\":\"576.4\"}],\"order\":24,\"text\":\"576.4\"},{\"bbox\":[1009.0,780.4,1099.0,822.2],\"lines\":[{\"bbox\":[1009.0,780.4,1099.0,822.2],\"text\":\"330.3\"}],\"order\":25,\"text\":\"330.3\"},{\"bbox\":[1306.0,773.9,1396.1,815.6],\"lines\":[{\"bbox\":[1306.0,773.9,1396.1,815.6],\"text\":\"345.5\"}],\"order\":26,\"text\":\"345.5\"},{\"bbox\":[1603.1,767.3,1693.1,809.1],\"lines\":[{\"bbox\":[1603.1,767.3,1693.1,809.1],\"text\":\"176.4\"}],\"order\":27,\"text\":\"176.4\"},{\"bbox\":[842.1,841.1,862.8,881.3],\"lines\":[{\"bbox\":[842.1,841.1,862.8,881.3],\"text\":\"$\"}],\"order\":28,\"text\":\"$\"},{\"bbox\":[207.4,992.5,233.1,1016.1],\"lines\":[{\"bbox\":[207.4,992.5,233.1,1016.1],\"text\":\"(2)\"}],\"order\":29,\"text\":\"(2)\"},{\"bbox\":[1756.6,448.6,1952.6,492.6],\"lines\":[{\"bbox\":[1756.6,448.6,1952.6,492.6],\"text\":\"Year Ended\"}],\"order\":30,\"text\":\"Year Ended\"},{\"bbox\":[847.9,523.3,1081.3,603.8],\"lines\":[{\"bbox\":[847.9,523.3,1080.5,568.1],\"text\":\"December 31,\"},{\"bbox\":[924.9,560.6,1005.0,602.1],\"text\":\"2017\"}],\"order\":31,\"text\":\"December 31,\\n2017\"},{\"bbox\":[440.7,782.3,755.4,834.7],\"lines\":[{\"bbox\":[440.7,782.3,755.4,834.7],\"text\":\"All other countries (2)\"}],\"order\":32,\"text\":\"All other countries (2)\"},{\"bbox\":[206.6,954.5,232.3,978.1],\"lines\":[{\"bbox\":[206.6,954.5,232.3,978.1],\"text\":\"(1)\"}],\"order\":33,\"text\":\"(1)\"},{\"bbox\":[1460.8,419.5,1652.6,499.1],\"lines\":[{\"bbox\":[1460.8,419.5,1651.8,463.5],\"text\":\"Six Months\"},{\"bbox\":[1502.1,456.1,1612.0,498.3],\"text\":\"Ended\"}],\"order\":34,\"text\":\"Six Months\\nEnded\"},{\"bbox\":[980.5,835.9,1100.3,878.3],\"lines\":[{\"bbox\":[980.5,835.9,1100.3,878.3],\"text\":\"4,946.2\"}],\"order\":35,\"text\":\"4,946.2\"},{\"bbox\":[1139.1,834.6,1159.8,874.8],\"lines\":[{\"bbox\":[1139.1,834.6,1159.8,874.8],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[1277.5,829.3,1397.3,871.7],\"lines\":[{\"bbox\":[1277.5,829.3,1397.3,871.7],\"text\":\"5,280.6\"}],\"order\":37,\"text\":\"5,280.6\"},{\"bbox\":[1436.2,828.0,1456.9,868.2],\"lines\":[{\"bbox\":[1436.2,828.0,1456.9,868.2],\"text\":\"$\"}],\"order\":38,\"text\":\"$\"},{\"bbox\":[1900.1,760.8,1990.2,802.5],\"lines\":[{\"bbox\":[1900.1,760.8,1990.2,802.5],\"text\":\"340.3\"}],\"order\":39,\"text\":\"340.3\"},{\"bbox\":[1574.6,822.8,1694.4,865.2],\"lines\":[{\"bbox\":[1574.6,822.8,1694.4,865.2],\"text\":\"2,632.2\"}],\"order\":40,\"text\":\"2,632.2\"},{\"bbox\":[1733.2,821.5,1753.9,861.7],\"lines\":[{\"bbox\":[1733.2,821.5,1753.9,861.7],\"text\":\"$\"}],\"order\":41,\"text\":\"$\"},{\"bbox\":[1871.6,816.2,1991.4,858.6],\"lines\":[{\"bbox\":[1871.6,816.2,1991.4,858.6],\"text\":\"4,227.1\"}],\"order\":42,\"text\":\"4,227.1\"},{\"bbox\":[278.0,929.9,1582.3,1032.0],\"lines\":[{\"bbox\":[278.0,929.9,1581.4,994.0],\"text\":\"The net sales by geography is derived from the location of the entity that sells to a third party.\"},{\"bbox\":[278.9,972.5,1376.7,1032.0],\"text\":\"Includes revenue generated primarily in Israel, Mexico, Australia, and Canada.\"}],\"order\":43,\"text\":\"The net sales by geography is derived from the location of the entity that sells to a third party.\\nIncludes revenue generated primarily in Israel, Mexico, Australia, and Canada.\"},{\"bbox\":[352.1,1045.8,2038.7,1127.1],\"lines\":[{\"bbox\":[352.1,1045.8,2038.7,1127.1],\"text\":\"The net book value of Property, plant and equipment, net by location was as follows (in millions):\"}],\"order\":44,\"text\":\"The net book value of Property, plant and equipment, net by location was as follows (in millions):\"},{\"bbox\":[625.3,1252.9,735.2,1295.0],\"lines\":[{\"bbox\":[625.3,1252.9,735.2,1295.0],\"text\":\"Ireland\"}],\"order\":45,\"text\":\"Ireland\"},{\"bbox\":[1014.2,1146.5,1247.6,1227.0],\"lines\":[{\"bbox\":[1014.2,1146.5,1246.8,1191.4],\"text\":\"December 31,\"},{\"bbox\":[1091.2,1183.8,1171.3,1225.3],\"text\":\"2017\"}],\"order\":46,\"text\":\"December 31,\\n2017\"},{\"bbox\":[1299.3,1140.2,1532.7,1220.7],\"lines\":[{\"bbox\":[1299.3,1140.2,1532.0,1185.1],\"text\":\"December 31,\"},{\"bbox\":[1376.4,1177.5,1456.5,1219.1],\"text\":\"2016\"}],\"order\":47,\"text\":\"December 31,\\n2016\"},{\"bbox\":[1584.5,1133.9,1817.9,1214.5],\"lines\":[{\"bbox\":[1584.5,1133.9,1817.1,1178.8],\"text\":\"December 31,\"},{\"bbox\":[1661.5,1171.2,1741.7,1212.8],\"text\":\"2015\"}],\"order\":48,\"text\":\"December 31,\\n2015\"},{\"bbox\":[1009.5,1246.4,1030.2,1286.6],\"lines\":[{\"bbox\":[1009.5,1246.4,1030.2,1286.6],\"text\":\"$\"}],\"order\":49,\"text\":\"$\"},{\"bbox\":[1294.7,1240.1,1315.4,1280.3],\"lines\":[{\"bbox\":[1294.7,1240.1,1315.4,1280.3],\"text\":\"$\"}],\"order\":50,\"text\":\"$\"},{\"bbox\":[1579.8,1233.8,1600.5,1274.0],\"lines\":[{\"bbox\":[1579.8,1233.8,1600.5,1274.0],\"text\":\"$\"}],\"order\":51,\"text\":\"$\"},{\"bbox\":[1205.4,1241.4,1255.8,1282.3],\"lines\":[{\"bbox\":[1205.4,1241.4,1255.8,1282.3],\"text\":\"4.6\"}],\"order\":52,\"text\":\"4.6\"},{\"bbox\":[1490.5,1235.1,1540.9,1276.0],\"lines\":[{\"bbox\":[1490.5,1235.1,1540.9,1276.0],\"text\":\"2.7\"}],\"order\":53,\"text\":\"2.7\"},{\"bbox\":[1775.7,1228.8,1826.1,1269.7],\"lines\":[{\"bbox\":[1775.7,1228.8,1826.1,1269.7],\"text\":\"1.3\"}],\"order\":54,\"text\":\"1.3\"},{\"bbox\":[626.6,1313.1,696.8,1354.5],\"lines\":[{\"bbox\":[626.6,1313.1,696.8,1354.5],\"text\":\"U.S.\"}],\"order\":55,\"text\":\"U.S.\"},{\"bbox\":[1167.1,1300.8,1257.1,1342.5],\"lines\":[{\"bbox\":[1167.1,1300.8,1257.1,1342.5],\"text\":\"538.3\"}],\"order\":56,\"text\":\"538.3\"},{\"bbox\":[1452.3,1294.5,1542.3,1336.3],\"lines\":[{\"bbox\":[1452.3,1294.5,1542.3,1336.3],\"text\":\"556.6\"}],\"order\":57,\"text\":\"556.6\"},{\"bbox\":[1737.4,1288.2,1827.5,1330.0],\"lines\":[{\"bbox\":[1737.4,1288.2,1827.5,1330.0],\"text\":\"555.0\"}],\"order\":58,\"text\":\"555.0\"},{\"bbox\":[628.0,1371.6,743.7,1413.9],\"lines\":[{\"bbox\":[628.0,1371.6,743.7,1413.9],\"text\":\"Europe\"}],\"order\":59,\"text\":\"Europe\"},{\"bbox\":[1168.4,1360.2,1258.4,1402.0],\"lines\":[{\"bbox\":[1168.4,1360.2,1258.4,1402.0],\"text\":\"155.6\"}],\"order\":60,\"text\":\"155.6\"},{\"bbox\":[1453.5,1353.9,1543.6,1395.7],\"lines\":[{\"bbox\":[1453.5,1353.9,1543.6,1395.7],\"text\":\"144.6\"}],\"order\":61,\"text\":\"144.6\"},{\"bbox\":[1738.7,1347.6,1828.7,1389.4],\"lines\":[{\"bbox\":[1738.7,1347.6,1828.7,1389.4],\"text\":\"157.2\"}],\"order\":62,\"text\":\"157.2\"},{\"bbox\":[629.3,1431.6,717.3,1473.3],\"lines\":[{\"bbox\":[629.3,1431.6,717.3,1473.3],\"text\":\"Israel\"}],\"order\":63,\"text\":\"Israel\"},{\"bbox\":[1189.5,1419.6,1259.7,1460.9],\"lines\":[{\"bbox\":[1189.5,1419.6,1259.7,1460.9],\"text\":\"81.5\"}],\"order\":64,\"text\":\"81.5\"},{\"bbox\":[1454.8,1413.3,1544.9,1455.1],\"lines\":[{\"bbox\":[1454.8,1413.3,1544.9,1455.1],\"text\":\"114.3\"}],\"order\":65,\"text\":\"114.3\"},{\"bbox\":[1740.0,1407.1,1830.0,1448.8],\"lines\":[{\"bbox\":[1740.0,1407.1,1830.0,1448.8],\"text\":\"115.7\"}],\"order\":66,\"text\":\"115.7\"},{\"bbox\":[630.6,1486.6,916.7,1532.7],\"lines\":[{\"bbox\":[630.6,1486.6,916.7,1532.7],\"text\":\"All other countries\"}],\"order\":67,\"text\":\"All other countries\"},{\"bbox\":[1190.8,1479.0,1261.0,1520.3],\"lines\":[{\"bbox\":[1190.8,1479.0,1261.0,1520.3],\"text\":\"53.1\"}],\"order\":68,\"text\":\"53.1\"},{\"bbox\":[1475.9,1472.8,1546.2,1514.1],\"lines\":[{\"bbox\":[1475.9,1472.8,1546.2,1514.1],\"text\":\"51.9\"}],\"order\":69,\"text\":\"51.9\"},{\"bbox\":[1761.1,1466.5,1831.3,1507.8],\"lines\":[{\"bbox\":[1761.1,1466.5,1831.3,1507.8],\"text\":\"57.0\"}],\"order\":70,\"text\":\"57.0\"},{\"bbox\":[1016.1,1543.4,1036.8,1583.6],\"lines\":[{\"bbox\":[1016.1,1543.4,1036.8,1583.6],\"text\":\"$\"}],\"order\":71,\"text\":\"$\"},{\"bbox\":[1172.3,1538.4,1262.4,1580.2],\"lines\":[{\"bbox\":[1172.3,1538.4,1262.4,1580.2],\"text\":\"833.1\"}],\"order\":72,\"text\":\"833.1\"},{\"bbox\":[1301.2,1537.1,1321.9,1577.4],\"lines\":[{\"bbox\":[1301.2,1537.1,1321.9,1577.4],\"text\":\"$\"}],\"order\":73,\"text\":\"$\"},{\"bbox\":[1457.5,1532.2,1547.5,1573.9],\"lines\":[{\"bbox\":[1457.5,1532.2,1547.5,1573.9],\"text\":\"870.1\"}],\"order\":74,\"text\":\"870.1\"},{\"bbox\":[1586.4,1530.9,1607.1,1571.1],\"lines\":[{\"bbox\":[1586.4,1530.9,1607.1,1571.1],\"text\":\"$\"}],\"order\":75,\"text\":\"$\"},{\"bbox\":[1742.6,1525.9,1832.7,1567.6],\"lines\":[{\"bbox\":[1742.6,1525.9,1832.7,1567.6],\"text\":\"886.2\"}],\"order\":76,\"text\":\"886.2\"},{\"bbox\":[222.3,1625.6,2163.8,1760.0],\"lines\":[{\"bbox\":[364.9,1625.6,2162.7,1709.4],\"text\":\"Sales to Walmart as a percentage of Consolidated Net sales (reported primarily in our CHCA segment)\"},{\"bbox\":[223.4,1709.6,506.0,1760.0],\"text\":\"were as follows:\"}],\"order\":77,\"text\":\"Sales to Walmart as a percentage of Consolidated Net sales (reported primarily in our CHCA segment)\\nwere as follows:\"},{\"bbox\":[843.7,1816.8,1039.6,1860.8],\"lines\":[{\"bbox\":[843.7,1816.8,1039.6,1860.8],\"text\":\"Year Ended\"}],\"order\":78,\"text\":\"Year Ended\"},{\"bbox\":[1290.4,1771.4,1482.3,1851.0],\"lines\":[{\"bbox\":[1290.4,1771.4,1481.5,1815.3],\"text\":\"Six Months\"},{\"bbox\":[1331.8,1807.9,1441.6,1850.1],\"text\":\"Ended\"}],\"order\":79,\"text\":\"Six Months\\nEnded\"},{\"bbox\":[1586.3,1800.4,1782.3,1844.5],\"lines\":[{\"bbox\":[1586.3,1800.4,1782.3,1844.5],\"text\":\"Year Ended\"}],\"order\":80,\"text\":\"Year Ended\"},{\"bbox\":[1613.3,1856.4,1757.6,1935.0],\"lines\":[{\"bbox\":[1613.3,1856.4,1756.8,1899.4],\"text\":\"June 27,\"},{\"bbox\":[1645.7,1892.8,1725.9,1934.3],\"text\":\"2015\"}],\"order\":81,\"text\":\"June 27,\\n2015\"},{\"bbox\":[677.5,1875.1,910.9,1955.6],\"lines\":[{\"bbox\":[677.5,1875.1,910.2,1920.0],\"text\":\"December 31,\"},{\"bbox\":[754.6,1912.4,834.7,1954.0],\"text\":\"2017\"}],\"order\":82,\"text\":\"December 31,\\n2017\"},{\"bbox\":[974.6,1868.6,1208.0,1949.1],\"lines\":[{\"bbox\":[974.6,1868.6,1207.2,1913.4],\"text\":\"December 31,\"},{\"bbox\":[1051.6,1905.9,1131.8,1947.4],\"text\":\"2016\"}],\"order\":83,\"text\":\"December 31,\\n2016\"},{\"bbox\":[1271.6,1862.0,1505.1,1942.5],\"lines\":[{\"bbox\":[1271.6,1862.0,1504.3,1906.9],\"text\":\"December 31,\"},{\"bbox\":[1348.7,1899.3,1428.8,1940.9],\"text\":\"2015\"}],\"order\":84,\"text\":\"December 31,\\n2015\"},{\"bbox\":[834.8,1965.6,937.0,2007.7],\"lines\":[{\"bbox\":[834.8,1965.6,937.0,2007.7],\"text\":\"13.0%\"}],\"order\":85,\"text\":\"13.0%\"},{\"bbox\":[1131.9,1958.9,1233.9,2000.9],\"lines\":[{\"bbox\":[1131.9,1958.9,1233.9,2000.9],\"text\":\"13.0%\"}],\"order\":86,\"text\":\"13.0%\"},{\"bbox\":[1428.9,1952.6,1531.0,1994.6],\"lines\":[{\"bbox\":[1428.9,1952.6,1531.0,1994.6],\"text\":\"13.0%\"}],\"order\":87,\"text\":\"13.0%\"},{\"bbox\":[1236.0,3042.5,1303.0,3088.2],\"lines\":[{\"bbox\":[1236.0,3042.5,1303.0,3088.2],\"text\":\"174\"}],\"order\":88,\"text\":\"174\"},{\"bbox\":[1726.0,1946.0,1828.1,1988.0],\"lines\":[{\"bbox\":[1726.0,1946.0,1828.1,1988.0],\"text\":\"16.0%\"}],\"order\":89,\"text\":\"16.0%\"}],\"doc\":\"fintabnet:PRGO_2017\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"Perrigo Company plc - Item 8\\nNote 19\\n\\nWe generated third-party revenue in the following geographic locations (1) during each of the periods\\npresented below (in millions):\\n\\nYear Ended\\n\\nIreland\\n\\nJune 27,\\n2015\\n\\nDecember 31,\\n2016\\n\\nDecember 31,\\n2015\\n\\n$\\n\\n$\\n\\n$\\n\\n30.4\\n\\n89.1\\n\\n11.4\\n\\n$\\n\\n7.2\\n\\nU.S.\\n\\n3,272.3\\n\\n3,353.0\\n\\n1,686.2\\n\\n3,303.2\\n\\nEurope\\n\\n1,313.2\\n\\n1,493.0\\n\\n758.2\\n\\n576.4\\n\\n330.3\\n\\n345.5\\n\\n176.4\\n\\n$\\n\\n(2)\\n\\nYear Ended\\n\\nDecember 31,\\n2017\\n\\nAll other countries (2)\\n\\n(1)\\n\\nSix Months\\nEnded\\n\\n4,946.2\\n\\n$\\n\\n5,280.6\\n\\n$\\n\\n340.3\\n\\n2,632.2\\n\\n$\\n\\n4,227.1\\n\\nThe net sales by geography is derived from the location of the entity that sells to a third party.\\nIncludes revenue generated primarily in Israel, Mexico, Australia, and Canada.\\n\\nThe net book value of Property, plant and equipment, net by location was as follows (in millions):\\n\\nIreland\\n\\nDecember 31,\\n2017\\n\\nDecember 31,\\n2016\\n\\nDecember 31,\\n2015\\n\\n$\\n\\n$\\n\\n$\\n\\n4.6\\n\\n2.7\\n\\n1.3\\n\\nU.S.\\n\\n538.3\\n\\n556.6\\n\\n555.0\\n\\nEurope\\n\\n155.6\\n\\n144.6\\n\\n157.2\\n\\nIsrael\\n\\n81.5\\n\\n114.3\\n\\n115.7\\n\\nAll other countries\\n\\n53.1\\n\\n51.9\\n\\n57.0\\n\\n$\\n\\n833.1\\n\\n$\\n\\n870.1\\n\\n$\\n\\n886.2\\n\\nSales to Walmart as a percentage of Consolidated Net sales (reported primarily in our CHCA segment)\\nwere as follows:\\n\\nYear Ended\\n\\nSix Months\\nEnded\\n\\nYear Ended\\n\\nJune 27,\\n2015\\n\\nDecember 31,\\n2017\\n\\nDecember 31,\\n2016\\n\\nDecember 31,\\n2015\\n\\n13.0%\\n\\n13.0%\\n\\n13.0%\\n\\n174\\n\\n16.0%\",\"name\":\"fintabnet.PRGO_2017_page_190__300dpi_medium\",\"page_id\":\"fintabnet.PRGO_2017_page_190\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.262,\"source\":\"fintabnet\",\"source_id\":\"PRGO_2017_page_190\",\"stack\":[{\"deg\":1.262,\"op\":\"skew\"},{\"amp\":0.099,\"angle\":261.7,\"blob\":0.311,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.977},{\"op\":\"noise\",\"sigma\":8.768},{\"gain\":0.71,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":70}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[675.5,1763.8,1828.1,2011.1],\"block_orders\":[78,79,80,81,82,83,84,85,86,87,89],\"cells\":null}],\"text\":\"Perrigo Company plc - Item 8\\nNote 19\\n\\nWe generated third-party revenue in the following geographic locations (1) during each of the periods\\npresented below (in millions):\\n\\nYear Ended\\n\\nIreland\\n\\nJune 27,\\n2015\\n\\nDecember 31,\\n2016\\n\\nDecember 31,\\n2015\\n\\n$\\n\\n$\\n\\n$\\n\\n30.4\\n\\n89.1\\n\\n11.4\\n\\n$\\n\\n7.2\\n\\nU.S.\\n\\n3,272.3\\n\\n3,353.0\\n\\n1,686.2\\n\\n3,303.2\\n\\nEurope\\n\\n1,313.2\\n\\n1,493.0\\n\\n758.2\\n\\n576.4\\n\\n330.3\\n\\n345.5\\n\\n176.4\\n\\n$\\n\\n(2)\\n\\nYear Ended\\n\\nDecember 31,\\n2017\\n\\nAll other countries (2)\\n\\n(1)\\n\\nSix Months\\nEnded\\n\\n4,946.2\\n\\n$\\n\\n5,280.6\\n\\n$\\n\\n340.3\\n\\n2,632.2\\n\\n$\\n\\n4,227.1\\n\\nThe net sales by geography is derived from the location of the entity that sells to a third party.\\nIncludes revenue generated primarily in Israel, Mexico, Australia, and Canada.\\n\\nThe net book value of Property, plant and equipment, net by location was as follows (in millions):\\n\\nIreland\\n\\nDecember 31,\\n2017\\n\\nDecember 31,\\n2016\\n\\nDecember 31,\\n2015\\n\\n$\\n\\n$\\n\\n$\\n\\n4.6\\n\\n2.7\\n\\n1.3\\n\\nU.S.\\n\\n538.3\\n\\n556.6\\n\\n555.0\\n\\nEurope\\n\\n155.6\\n\\n144.6\\n\\n157.2\\n\\nIsrael\\n\\n81.5\\n\\n114.3\\n\\n115.7\\n\\nAll other countries\\n\\n53.1\\n\\n51.9\\n\\n57.0\\n\\n$\\n\\n833.1\\n\\n$\\n\\n870.1\\n\\n$\\n\\n886.2\\n\\nSales to Walmart as a percentage of Consolidated Net sales (reported primarily in our CHCA segment)\\nwere as follows:\\n\\nYear Ended\\n\\nSix Months\\nEnded\\n\\nYear Ended\\n\\nJune 27,\\n2015\\n\\nDecember 31,\\n2017\\n\\nDecember 31,\\n2016\\n\\nDecember 31,\\n2015\\n\\n13.0%\\n\\n13.0%\\n\\n13.0%\\n\\n174\\n\\n16.0%\"},\"name\":\"fintabnet.PRGO_2017_page_190__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":783165,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:PRGO_2017\",\"dpi\":300,\"gt_sha256\":\"13bfe94c8aec8d1cdcc9839dfbee0d426e4cd35fe3158892c0f58455890d6ce3\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PRGO_2017_page_190__300dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.PRGO_2017_page_190\",\"pdf_sha256\":\"ef76ad2084791ff0da3d5010fc4e0d65f50a2308e6e1b04a739bec1fd25b622d\",\"px\":[2475,3225],\"scan\":{\"render\":\"003e7ffc07f83ff83ff83ff80ff00ff020e40ff0000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"PRGO_2017_page_190\",\"src\":{\"file_sha256\":\"54a75de884c8bba704e46918b2bb3ab13c1e414508f944c92677bd0745652436\",\"render\":\"0000388003f81ff83ff803f00ff00ff035c40ff0000000000000000000000000\",\"text\":\"283d3098220690356fb11f802e0b04beedb3dddbf1eb173f4c59644b8c740ef8\"},\"stack\":[{\"deg\":1.262,\"op\":\"skew\"},{\"amp\":0.099,\"angle\":261.7,\"blob\":0.311,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.977},{\"op\":\"noise\",\"sigma\":8.768},{\"gain\":0.71,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":70}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ef76ad2084791ff0da3d5010fc4e0d65f50a2308e6e1b04a739bec1fd25b622d\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ef76ad2084791ff0da3d5010fc4e0d65f50a2308e6e1b04a739bec1fd25b622d.pdf","asset_sha256":"ef76ad2084791ff0da3d5010fc4e0d65f50a2308e6e1b04a739bec1fd25b622d","document_id":"fintabnet:PRGO_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PRGO_2017_page_190\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PRGO_2017_page_66\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PRGO_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[394.9,22.3,525.8,38.3],\"lines\":[{\"bbox\":[394.9,22.3,525.8,38.3],\"text\":\"Perrigo Company plc - Item 5\"}],\"order\":0,\"text\":\"Perrigo Company plc - Item 5\"},{\"bbox\":[262.3,70.6,305.7,85.1],\"lines\":[{\"bbox\":[262.3,70.6,305.7,85.1],\"text\":\"PART II.\"}],\"order\":1,\"text\":\"PART II.\"},{\"bbox\":[41.2,105.1,81.6,119.5],\"lines\":[{\"bbox\":[41.2,105.1,81.6,119.5],\"text\":\"ITEM 5.\"}],\"order\":2,\"text\":\"ITEM 5.\"},{\"bbox\":[109.6,86.4,529.6,130.3],\"lines\":[{\"bbox\":[109.6,86.4,529.1,116.6],\"text\":\"MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER\"},{\"bbox\":[110.2,103.5,448.7,130.3],\"text\":\"MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES\"}],\"order\":3,\"text\":\"MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER\\nMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES\"},{\"bbox\":[42.8,124.9,525.6,201.2],\"lines\":[{\"bbox\":[77.0,125.4,512.0,154.1],\"text\":\"Prior to June 6, 2013, our common equity traded on the Nasdaq Global Select Market under the symbol\"},{\"bbox\":[43.3,136.5,519.3,167.0],\"text\":\"PRGO. Since June 6, 2013, our common equity has traded on the New York Stock Exchange (\\\"NYSE\\\") under the\"},{\"bbox\":[43.7,148.6,502.5,178.4],\"text\":\"symbol PRGO. In association with the acquisition of Agis Industries (1983) Ltd., our common equity has been\"},{\"bbox\":[44.2,159.1,525.1,189.8],\"text\":\"trading on the Tel Aviv Stock Exchange (\\\"TASE\\\") since March 16, 2005. As of February 23, 2018, there were 1,498\"},{\"bbox\":[44.7,183.9,203.5,201.2],\"text\":\"record holders of our ordinary shares.\"}],\"order\":4,\"text\":\"Prior to June 6, 2013, our common equity traded on the Nasdaq Global Select Market under the symbol\\nPRGO. Since June 6, 2013, our common equity has traded on the New York Stock Exchange (\\\"NYSE\\\") under the\\nsymbol PRGO. In association with the acquisition of Agis Industries (1983) Ltd., our common equity has been\\ntrading on the Tel Aviv Stock Exchange (\\\"TASE\\\") since March 16, 2005. As of February 23, 2018, there were 1,498\\nrecord holders of our ordinary shares.\"},{\"bbox\":[45.7,194.4,499.4,235.4],\"lines\":[{\"bbox\":[79.9,194.4,499.0,222.5],\"text\":\"Set forth below are the high and low sale prices for our ordinary shares on the NYSE for the periods\"},{\"bbox\":[46.1,223.1,87.2,235.4],\"text\":\"indicated:\"}],\"order\":5,\"text\":\"Set forth below are the high and low sale prices for our ordinary shares on the NYSE for the periods\\nindicated:\"},{\"bbox\":[250.6,235.2,297.8,246.7],\"lines\":[{\"bbox\":[250.6,235.2,297.8,246.7],\"text\":\"Year Ended\"}],\"order\":6,\"text\":\"Year Ended\"},{\"bbox\":[398.8,227.9,473.3,240.5],\"lines\":[{\"bbox\":[398.8,227.9,473.3,240.5],\"text\":\"Six Months Ended\"}],\"order\":7,\"text\":\"Six Months Ended\"},{\"bbox\":[181.9,251.1,259.2,263.8],\"lines\":[{\"bbox\":[181.9,251.1,259.2,263.8],\"text\":\"December 31, 2017\"}],\"order\":8,\"text\":\"December 31, 2017\"},{\"bbox\":[289.7,246.6,367.1,259.3],\"lines\":[{\"bbox\":[289.7,246.6,367.1,259.3],\"text\":\"December 31, 2016\"}],\"order\":9,\"text\":\"December 31, 2016\"},{\"bbox\":[398.0,242.0,475.3,254.8],\"lines\":[{\"bbox\":[398.0,242.0,475.3,254.8],\"text\":\"December 31, 2015\"}],\"order\":10,\"text\":\"December 31, 2015\"},{\"bbox\":[184.9,267.7,204.3,278.0],\"lines\":[{\"bbox\":[184.9,267.7,204.3,278.0],\"text\":\"High\"}],\"order\":11,\"text\":\"High\"},{\"bbox\":[292.2,263.2,311.6,273.5],\"lines\":[{\"bbox\":[292.2,263.2,311.6,273.5],\"text\":\"High\"}],\"order\":12,\"text\":\"High\"},{\"bbox\":[400.5,258.6,419.9,269.0],\"lines\":[{\"bbox\":[400.5,258.6,419.9,269.0],\"text\":\"High\"}],\"order\":13,\"text\":\"High\"},{\"bbox\":[239.5,265.4,257.0,275.7],\"lines\":[{\"bbox\":[239.5,265.4,257.0,275.7],\"text\":\"Low\"}],\"order\":14,\"text\":\"Low\"},{\"bbox\":[347.3,260.9,364.8,271.2],\"lines\":[{\"bbox\":[347.3,260.9,364.8,271.2],\"text\":\"Low\"}],\"order\":15,\"text\":\"Low\"},{\"bbox\":[455.6,256.4,473.1,266.7],\"lines\":[{\"bbox\":[455.6,256.4,473.1,266.7],\"text\":\"Low\"}],\"order\":16,\"text\":\"Low\"},{\"bbox\":[98.5,282.9,145.0,294.4],\"lines\":[{\"bbox\":[98.5,282.9,145.0,294.4],\"text\":\"First quarter\"}],\"order\":17,\"text\":\"First quarter\"},{\"bbox\":[172.6,283.0,177.8,292.8],\"lines\":[{\"bbox\":[172.6,283.0,177.8,292.8],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[195.9,281.4,217.7,291.8],\"lines\":[{\"bbox\":[195.9,281.4,217.7,291.8],\"text\":\"87.48\"}],\"order\":19,\"text\":\"87.48\"},{\"bbox\":[226.8,280.8,231.9,290.5],\"lines\":[{\"bbox\":[226.8,280.8,231.9,290.5],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[249.1,279.1,270.9,289.6],\"lines\":[{\"bbox\":[249.1,279.1,270.9,289.6],\"text\":\"66.29\"}],\"order\":21,\"text\":\"66.29\"},{\"bbox\":[280.0,278.5,285.1,288.3],\"lines\":[{\"bbox\":[280.0,278.5,285.1,288.3],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[298.5,276.9,325.0,287.5],\"lines\":[{\"bbox\":[298.5,276.9,325.0,287.5],\"text\":\"152.36\"}],\"order\":23,\"text\":\"152.36\"},{\"bbox\":[334.1,276.3,339.3,286.0],\"lines\":[{\"bbox\":[334.1,276.3,339.3,286.0],\"text\":\"$\"}],\"order\":24,\"text\":\"$\"},{\"bbox\":[352.6,274.6,379.1,285.3],\"lines\":[{\"bbox\":[352.6,274.6,379.1,285.3],\"text\":\"122.62\"}],\"order\":25,\"text\":\"122.62\"},{\"bbox\":[388.3,274.0,393.4,283.8],\"lines\":[{\"bbox\":[388.3,274.0,393.4,283.8],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[406.7,272.4,433.3,283.0],\"lines\":[{\"bbox\":[406.7,272.4,433.3,283.0],\"text\":\"198.42\"}],\"order\":27,\"text\":\"198.42\"},{\"bbox\":[442.4,271.8,447.6,281.5],\"lines\":[{\"bbox\":[442.4,271.8,447.6,281.5],\"text\":\"$\"}],\"order\":28,\"text\":\"$\"},{\"bbox\":[460.9,270.1,487.4,280.7],\"lines\":[{\"bbox\":[460.9,270.1,487.4,280.7],\"text\":\"158.35\"}],\"order\":29,\"text\":\"158.35\"},{\"bbox\":[99.1,296.7,157.9,308.6],\"lines\":[{\"bbox\":[99.1,296.7,157.9,308.6],\"text\":\"Second 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quarter\"},{\"bbox\":[173.8,311.5,179.0,321.3],\"lines\":[{\"bbox\":[173.8,311.5,179.0,321.3],\"text\":\"$\"}],\"order\":44,\"text\":\"$\"},{\"bbox\":[197.1,309.9,218.8,320.3],\"lines\":[{\"bbox\":[197.1,309.9,218.8,320.3],\"text\":\"89.87\"}],\"order\":45,\"text\":\"89.87\"},{\"bbox\":[228.0,309.3,233.1,319.0],\"lines\":[{\"bbox\":[228.0,309.3,233.1,319.0],\"text\":\"$\"}],\"order\":46,\"text\":\"$\"},{\"bbox\":[250.3,307.6,272.0,318.1],\"lines\":[{\"bbox\":[250.3,307.6,272.0,318.1],\"text\":\"63.68\"}],\"order\":47,\"text\":\"63.68\"},{\"bbox\":[281.2,307.0,286.3,316.8],\"lines\":[{\"bbox\":[281.2,307.0,286.3,316.8],\"text\":\"$\"}],\"order\":48,\"text\":\"$\"},{\"bbox\":[304.4,305.4,326.2,315.8],\"lines\":[{\"bbox\":[304.4,305.4,326.2,315.8],\"text\":\"99.14\"}],\"order\":49,\"text\":\"99.14\"},{\"bbox\":[335.3,304.8,340.5,314.5],\"lines\":[{\"bbox\":[335.3,304.8,340.5,314.5],\"text\":\"$\"}],\"order\":50,\"text\":\"$\"},{\"bbox\":[358.5,303.1,380.3,313.6],\"lines\":[{\"bbox\":[358.5,303.1,380.3,313.6],\"text\":\"82.50\"}],\"order\":51,\"text\":\"82.50\"},{\"bbox\":[420.3,300.8,434.9,311.0],\"lines\":[{\"bbox\":[420.3,300.8,434.9,311.0],\"text\":\"N/A\"}],\"order\":52,\"text\":\"N/A\"},{\"bbox\":[474.4,298.6,489.1,308.7],\"lines\":[{\"bbox\":[474.4,298.6,489.1,308.7],\"text\":\"N/A\"}],\"order\":53,\"text\":\"N/A\"},{\"bbox\":[100.3,325.3,154.8,337.1],\"lines\":[{\"bbox\":[100.3,325.3,154.8,337.1],\"text\":\"Fourth 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quarter\"},{\"bbox\":[174.4,325.8,179.6,335.5],\"lines\":[{\"bbox\":[174.4,325.8,179.6,335.5],\"text\":\"$\"}],\"order\":55,\"text\":\"$\"},{\"bbox\":[197.7,324.1,219.4,334.6],\"lines\":[{\"bbox\":[197.7,324.1,219.4,334.6],\"text\":\"91.73\"}],\"order\":56,\"text\":\"91.73\"},{\"bbox\":[228.6,323.5,233.7,333.3],\"lines\":[{\"bbox\":[228.6,323.5,233.7,333.3],\"text\":\"$\"}],\"order\":57,\"text\":\"$\"},{\"bbox\":[250.8,321.9,272.6,332.3],\"lines\":[{\"bbox\":[250.8,321.9,272.6,332.3],\"text\":\"79.70\"}],\"order\":58,\"text\":\"79.70\"},{\"bbox\":[281.8,321.3,286.9,331.0],\"lines\":[{\"bbox\":[281.8,321.3,286.9,331.0],\"text\":\"$\"}],\"order\":59,\"text\":\"$\"},{\"bbox\":[305.0,319.6,326.8,330.1],\"lines\":[{\"bbox\":[305.0,319.6,326.8,330.1],\"text\":\"97.17\"}],\"order\":60,\"text\":\"97.17\"},{\"bbox\":[335.9,319.0,341.1,328.8],\"lines\":[{\"bbox\":[335.9,319.0,341.1,328.8],\"text\":\"$\"}],\"order\":61,\"text\":\"$\"},{\"bbox\":[359.1,317.4,380.9,327.8],\"lines\":[{\"bbox\":[359.1,317.4,380.9,327.8],\"text\":\"79.72\"}],\"order\":62,\"text\":\"79.72\"},{\"bbox\":[420.9,315.1,435.5,325.2],\"lines\":[{\"bbox\":[420.9,315.1,435.5,325.2],\"text\":\"N/A\"}],\"order\":63,\"text\":\"N/A\"},{\"bbox\":[475.0,312.8,489.7,323.0],\"lines\":[{\"bbox\":[475.0,312.8,489.7,323.0],\"text\":\"N/A\"}],\"order\":64,\"text\":\"N/A\"},{\"bbox\":[51.6,336.6,537.2,401.6],\"lines\":[{\"bbox\":[85.8,336.6,535.0,366.0],\"text\":\"The graph below shows a comparison of our cumulative total return with the cumulative total returns for the\"},{\"bbox\":[52.1,348.0,536.2,378.8],\"text\":\"S&P 500 Index and the S&P Pharmaceuticals Index. The graph assumes an investment of $100 at the beginning of\"},{\"bbox\":[52.6,360.8,502.4,390.2],\"text\":\"the period and the reinvestment of any dividends. Information in the graph is presented for the years ended\"},{\"bbox\":[53.1,382.3,260.5,401.6],\"text\":\"December 31, 2012 through December 31, 2017.\"}],\"order\":65,\"text\":\"The graph below shows a comparison of our cumulative total return with the cumulative total returns for the\\nS&P 500 Index and the S&P Pharmaceuticals Index. The graph assumes an investment of $100 at the beginning of\\nthe period and the reinvestment of any dividends. Information in the graph is presented for the years ended\\nDecember 31, 2012 through December 31, 2017.\"},{\"bbox\":[306.0,729.9,317.0,741.0],\"lines\":[{\"bbox\":[306.0,729.9,317.0,741.0],\"text\":\"50\"}],\"order\":66,\"text\":\"50\"}],\"doc\":\"fintabnet:PRGO_2017\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"Perrigo Company plc - Item 5\\n\\nPART II.\\n\\nITEM 5.\\n\\nMARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER\\nMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES\\n\\nPrior to June 6, 2013, our common equity traded on the Nasdaq Global Select Market under the symbol\\nPRGO. Since June 6, 2013, our common equity has traded on the New York Stock Exchange (\\\"NYSE\\\") under the\\nsymbol PRGO. In association with the acquisition of Agis Industries (1983) Ltd., our common equity has been\\ntrading on the Tel Aviv Stock Exchange (\\\"TASE\\\") since March 16, 2005. As of February 23, 2018, there were 1,498\\nrecord holders of our ordinary shares.\\n\\nSet forth below are the high and low sale prices for our ordinary shares on the NYSE for the periods\\nindicated:\\n\\n|  | Year Ended |  |  |  | Six Months Ended December 31, 2015 |  |\\n| --- | --- | --- | --- | --- | --- | --- |\\n|  | December 31, 2017 |  | December 31, 2016 |  |  |  |\\n|  | High | Low | High | Low | High | Low |\\n| First quarter | $87.48 | $66.29 | $152.36 | $122.62 | $198.42 | $158.35 |\\n| Second quarter | $77.74 | $65.47 | $133.53 | $84.85 | $167.92 | $140.40 |\\n| Third quarter | $89.87 | $63.68 | $99.14 | $82.50 | N/A | N/A |\\n| Fourth quarter | $91.73 | $79.70 | $97.17 | $79.72 | N/A | N/A |\\n\\nThe graph below shows a comparison of our cumulative total return with the cumulative total returns for the\\nS&P 500 Index and the S&P Pharmaceuticals Index. The graph assumes an investment of $100 at the beginning of\\nthe period and the reinvestment of any dividends. Information in the graph is presented for the years ended\\nDecember 31, 2012 through December 31, 2017.\\n\\n50\",\"name\":\"fintabnet.PRGO_2017_page_66__72dpi_heavy\",\"page_id\":\"fintabnet.PRGO_2017_page_66\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.393,\"source\":\"fintabnet\",\"source_id\":\"PRGO_2017_page_66\",\"stack\":[{\"deg\":2.393,\"op\":\"skew\"},{\"amp\":0.217,\"angle\":259.0,\"blob\":0.378,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":7.916,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":13.88},{\"gain\":0.502,\"op\":\"contrast\"},{\"offset\":0.034,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[96.7,225.1,489.7,338.6],\"block_orders\":[6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64],\"cells\":[{\"bbox\":[250.6,236.2,297.8,246.7],\"c0\":1,\"c1\":4,\"r0\":0,\"r1\":0,\"text\":\"Year Ended\"},{\"bbox\":[397.4,228.8,475.3,254.8],\"c0\":5,\"c1\":6,\"r0\":0,\"r1\":1,\"text\":\"Six Months Ended December 31, 2015\"},{\"bbox\":[181.9,252.1,259.2,263.8],\"c0\":1,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"December 31, 2017\"},{\"bbox\":[289.7,247.6,367.1,259.3],\"c0\":3,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\"December 31, 2016\"},{\"bbox\":[184.9,268.6,204.3,278.0],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"High\"},{\"bbox\":[239.5,266.4,257.0,275.7],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"Low\"},{\"bbox\":[292.3,264.1,311.6,273.5],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"High\"},{\"bbox\":[347.4,261.9,364.8,271.2],\"c0\":4,\"c1\":4,\"r0\":2,\"r1\":2,\"text\":\"Low\"},{\"bbox\":[400.6,259.6,419.9,269.0],\"c0\":5,\"c1\":5,\"r0\":2,\"r1\":2,\"text\":\"High\"},{\"bbox\":[455.7,257.4,473.1,266.7],\"c0\":6,\"c1\":6,\"r0\":2,\"r1\":2,\"text\":\"Low\"},{\"bbox\":[98.5,283.9,145.0,294.4],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"First quarter\"},{\"bbox\":[172.7,282.4,217.7,292.8],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"$87.48\"},{\"bbox\":[226.8,280.1,270.9,290.5],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"$66.29\"},{\"bbox\":[280.0,277.9,325.0,288.3],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"$152.36\"},{\"bbox\":[334.2,275.6,379.1,286.0],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\"$122.62\"},{\"bbox\":[388.3,273.3,433.3,283.8],\"c0\":5,\"c1\":5,\"r0\":3,\"r1\":3,\"text\":\"$198.42\"},{\"bbox\":[442.4,271.1,487.4,281.5],\"c0\":6,\"c1\":6,\"r0\":3,\"r1\":3,\"text\":\"$158.35\"},{\"bbox\":[99.1,297.6,157.9,308.6],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Second quarter\"},{\"bbox\":[173.3,296.6,218.3,307.0],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"$77.74\"},{\"bbox\":[227.4,294.4,271.4,304.8],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"$65.47\"},{\"bbox\":[280.6,292.1,325.6,302.5],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"$133.53\"},{\"bbox\":[334.8,289.9,379.7,300.3],\"c0\":4,\"c1\":4,\"r0\":4,\"r1\":4,\"text\":\"$84.85\"},{\"bbox\":[388.9,287.6,433.9,298.0],\"c0\":5,\"c1\":5,\"r0\":4,\"r1\":4,\"text\":\"$167.92\"},{\"bbox\":[443.0,285.3,488.0,295.8],\"c0\":6,\"c1\":6,\"r0\":4,\"r1\":4,\"text\":\"$140.40\"},{\"bbox\":[99.7,312.3,149.0,322.9],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Third quarter\"},{\"bbox\":[173.9,310.9,218.8,321.3],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"$89.87\"},{\"bbox\":[228.0,308.6,272.0,319.0],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"$63.68\"},{\"bbox\":[281.2,306.4,326.2,316.8],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"$99.14\"},{\"bbox\":[335.4,304.1,380.3,314.5],\"c0\":4,\"c1\":4,\"r0\":5,\"r1\":5,\"text\":\"$82.50\"},{\"bbox\":[420.3,301.8,434.9,311.0],\"c0\":5,\"c1\":5,\"r0\":5,\"r1\":5,\"text\":\"N/A\"},{\"bbox\":[474.5,299.6,489.1,308.7],\"c0\":6,\"c1\":6,\"r0\":5,\"r1\":5,\"text\":\"N/A\"},{\"bbox\":[100.3,326.3,154.9,337.2],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Fourth quarter\"},{\"bbox\":[174.5,325.1,219.4,335.5],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"$91.73\"},{\"bbox\":[228.6,322.9,272.6,333.3],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"$79.70\"},{\"bbox\":[281.8,320.6,326.8,331.0],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"$97.17\"},{\"bbox\":[335.9,318.4,380.9,328.8],\"c0\":4,\"c1\":4,\"r0\":6,\"r1\":6,\"text\":\"$79.72\"},{\"bbox\":[420.9,316.1,435.5,325.2],\"c0\":5,\"c1\":5,\"r0\":6,\"r1\":6,\"text\":\"N/A\"},{\"bbox\":[475.1,313.8,489.7,323.0],\"c0\":6,\"c1\":6,\"r0\":6,\"r1\":6,\"text\":\"N/A\"}]}],\"text\":\"Perrigo Company plc - Item 5\\n\\nPART II.\\n\\nITEM 5.\\n\\nMARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER\\nMATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES\\n\\nPrior to June 6, 2013, our common equity traded on the Nasdaq Global Select Market under the symbol\\nPRGO. Since June 6, 2013, our common equity has traded on the New York Stock Exchange (\\\"NYSE\\\") under the\\nsymbol PRGO. In association with the acquisition of Agis Industries (1983) Ltd., our common equity has been\\ntrading on the Tel Aviv Stock Exchange (\\\"TASE\\\") since March 16, 2005. As of February 23, 2018, there were 1,498\\nrecord holders of our ordinary shares.\\n\\nSet forth below are the high and low sale prices for our ordinary shares on the NYSE for the periods\\nindicated:\\n\\nYear Ended\\n\\nSix Months Ended\\n\\nDecember 31, 2017\\n\\nDecember 31, 2016\\n\\nDecember 31, 2015\\n\\nHigh\\n\\nHigh\\n\\nHigh\\n\\nLow\\n\\nLow\\n\\nLow\\n\\nFirst quarter\\n\\n$\\n\\n87.48\\n\\n$\\n\\n66.29\\n\\n$\\n\\n152.36\\n\\n$\\n\\n122.62\\n\\n$\\n\\n198.42\\n\\n$\\n\\n158.35\\n\\nSecond quarter\\n\\n$\\n\\n77.74\\n\\n$\\n\\n65.47\\n\\n$\\n\\n133.53\\n\\n$\\n\\n84.85\\n\\n$\\n\\n167.92\\n\\n$\\n\\n140.40\\n\\nThird quarter\\n\\n$\\n\\n89.87\\n\\n$\\n\\n63.68\\n\\n$\\n\\n99.14\\n\\n$\\n\\n82.50\\n\\nN/A\\n\\nN/A\\n\\nFourth quarter\\n\\n$\\n\\n91.73\\n\\n$\\n\\n79.70\\n\\n$\\n\\n97.17\\n\\n$\\n\\n79.72\\n\\nN/A\\n\\nN/A\\n\\nThe graph below shows a comparison of our cumulative total return with the cumulative total returns for the\\nS&P 500 Index and the S&P Pharmaceuticals Index. The graph assumes an investment of $100 at the beginning of\\nthe period and the reinvestment of any dividends. Information in the graph is presented for the years ended\\nDecember 31, 2012 through December 31, 2017.\\n\\n50\"},\"name\":\"fintabnet.PRGO_2017_page_66__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":39864,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:PRGO_2017\",\"dpi\":72,\"gt_sha256\":\"f2f991519a683d7ea9b0a4d80b29a2038e7e38392a9430d6898cdbd80dbe321a\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PRGO_2017_page_66__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.PRGO_2017_page_66\",\"pdf_sha256\":\"32b12756bb2b82315b1587475cd23b19be0b6c0d39220c45cb2adf921d54736b\",\"px\":[594,774],\"scan\":{\"render\":\"fffffffefffcfffc7ff81ffc3ff83ffc00000000000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"PRGO_2017_page_66\",\"src\":{\"file_sha256\":\"d22801cca42d5b9a0dbe7cfd83a559a3fdeffab95b0331c318d44f30b2d3bfb1\",\"render\":\"000001007ffe7ffc37f81ffc1ffc7ffc00000000000000000000000000000000\",\"text\":\"b9d3968f8af62bb14ce4d86586ccf722e62f1291b33ce421b3a6f3305189d9e7\"},\"stack\":[{\"deg\":2.393,\"op\":\"skew\"},{\"amp\":0.217,\"angle\":259.0,\"blob\":0.378,\"op\":\"illumination\"},{\"angle\":45.0,\"kind\":\"motion\",\"length\":7.916,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":13.88},{\"gain\":0.502,\"op\":\"contrast\"},{\"offset\":0.034,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"32b12756bb2b82315b1587475cd23b19be0b6c0d39220c45cb2adf921d54736b\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/32b12756bb2b82315b1587475cd23b19be0b6c0d39220c45cb2adf921d54736b.pdf","asset_sha256":"32b12756bb2b82315b1587475cd23b19be0b6c0d39220c45cb2adf921d54736b","document_id":"fintabnet:PRGO_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PRGO_2017_page_66\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PRU_2018_page_84\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PRU_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[75.0,65.9,1475.0,116.5],\"lines\":[{\"bbox\":[125.0,65.9,1475.0,88.8],\"text\":\"The following table sets forth the fair value of certain of our domestic insurance operations’ portfolio of liquid assets, as of the dates\"},{\"bbox\":[75.0,93.6,172.9,116.5],\"text\":\"indicated.\"}],\"order\":0,\"text\":\"The following table sets forth the fair value of certain of our domestic insurance operations’ portfolio of liquid assets, as of the dates\\nindicated.\"},{\"bbox\":[920.8,154.5,1100.4,174.6],\"lines\":[{\"bbox\":[920.8,154.5,1100.4,174.6],\"text\":\"December 31, 2018\"}],\"order\":1,\"text\":\"December 31, 2018\"},{\"bbox\":[731.4,187.8,832.6,230.1],\"lines\":[{\"bbox\":[731.4,187.8,832.6,207.9],\"text\":\"Prudential\"},{\"bbox\":[734.4,210.0,829.5,230.1],\"text\":\"Insurance\"}],\"order\":2,\"text\":\"Prudential\\nInsurance\"},{\"bbox\":[1035.4,187.8,1200.9,291.5],\"lines\":[{\"bbox\":[1144.2,187.8,1200.9,207.9],\"text\":\"Pruco\"},{\"bbox\":[1039.6,210.0,1116.1,230.1],\"text\":\"PALAC\"},{\"bbox\":[1153.5,210.0,1191.7,230.1],\"text\":\"Life\"},{\"bbox\":[1035.4,243.4,1143.4,263.4],\"text\":\"(in billions)\"},{\"bbox\":[1053.1,271.1,1103.1,291.5],\"text\":\"$ 4.5\"},{\"bbox\":[1153.2,271.1,1192.1,291.5],\"text\":\"$0.4\"}],\"order\":3,\"text\":\"Pruco\\nPALAC\\nLife\\n(in billions)\\n$ 4.5\\n$0.4\"},{\"bbox\":[1234.0,210.0,1284.6,230.1],\"lines\":[{\"bbox\":[1234.0,210.0,1284.6,230.1],\"text\":\"Total\"}],\"order\":4,\"text\":\"Total\"},{\"bbox\":[1317.6,187.8,1447.2,230.1],\"lines\":[{\"bbox\":[1317.6,187.8,1447.2,207.9],\"text\":\"December 31,\"},{\"bbox\":[1360.1,210.0,1404.6,230.1],\"text\":\"2017\"}],\"order\":5,\"text\":\"December 31,\\n2017\"},{\"bbox\":[1228.8,271.1,1289.9,291.5],\"lines\":[{\"bbox\":[1228.8,271.1,1289.9,291.5],\"text\":\"$ 11.1\"}],\"order\":6,\"text\":\"$ 11.1\"},{\"bbox\":[1351.9,271.1,1413.1,291.5],\"lines\":[{\"bbox\":[1351.9,271.1,1413.1,291.5],\"text\":\"$ 11.7\"}],\"order\":7,\"text\":\"$ 11.7\"},{\"bbox\":[1164.3,326.7,1192.1,374.8],\"lines\":[{\"bbox\":[1164.3,326.7,1192.1,347.0],\"text\":\"4.9\"},{\"bbox\":[1164.3,354.5,1192.1,374.8],\"text\":\"0.4\"}],\"order\":8,\"text\":\"4.9\\n0.4\"},{\"bbox\":[1239.9,326.7,1289.9,374.8],\"lines\":[{\"bbox\":[1239.9,326.7,1289.9,347.0],\"text\":\"179.2\"},{\"bbox\":[1251.0,354.5,1289.9,374.8],\"text\":\"11.3\"}],\"order\":9,\"text\":\"179.2\\n11.3\"},{\"bbox\":[1363.1,326.7,1413.1,374.8],\"lines\":[{\"bbox\":[1363.1,326.7,1413.1,347.0],\"text\":\"175.1\"},{\"bbox\":[1374.2,354.5,1413.1,374.8],\"text\":\"13.8\"}],\"order\":10,\"text\":\"175.1\\n13.8\"},{\"bbox\":[1064.2,393.4,1103.1,441.5],\"lines\":[{\"bbox\":[1064.2,393.4,1103.1,413.7],\"text\":\"10.1\"},{\"bbox\":[1075.3,421.1,1103.1,441.5],\"text\":\"0.0\"}],\"order\":11,\"text\":\"10.1\\n0.0\"},{\"bbox\":[1164.3,393.4,1192.1,441.5],\"lines\":[{\"bbox\":[1164.3,393.4,1192.1,413.7],\"text\":\"5.3\"},{\"bbox\":[1164.3,421.1,1192.1,441.5],\"text\":\"0.0\"}],\"order\":12,\"text\":\"5.3\\n0.0\"},{\"bbox\":[1239.9,393.4,1289.9,441.5],\"lines\":[{\"bbox\":[1239.9,393.4,1289.9,413.7],\"text\":\"190.5\"},{\"bbox\":[1262.1,421.1,1289.9,441.5],\"text\":\"1.9\"}],\"order\":13,\"text\":\"190.5\\n1.9\"},{\"bbox\":[1363.1,393.4,1413.1,441.5],\"lines\":[{\"bbox\":[1363.1,393.4,1413.1,413.7],\"text\":\"188.9\"},{\"bbox\":[1385.3,421.1,1413.1,441.5],\"text\":\"2.8\"}],\"order\":14,\"text\":\"188.9\\n2.8\"},{\"bbox\":[1053.1,460.0,1103.1,480.4],\"lines\":[{\"bbox\":[1053.1,460.0,1103.1,480.4],\"text\":\"$14.6\"}],\"order\":15,\"text\":\"$14.6\"},{\"bbox\":[1153.2,460.0,1192.1,480.4],\"lines\":[{\"bbox\":[1153.2,460.0,1192.1,480.4],\"text\":\"$5.7\"}],\"order\":16,\"text\":\"$5.7\"},{\"bbox\":[1228.8,460.0,1289.9,480.4],\"lines\":[{\"bbox\":[1228.8,460.0,1289.9,480.4],\"text\":\"$203.5\"}],\"order\":17,\"text\":\"$203.5\"},{\"bbox\":[1351.9,460.0,1413.1,480.4],\"lines\":[{\"bbox\":[1351.9,460.0,1413.1,480.4],\"text\":\"$203.4\"}],\"order\":18,\"text\":\"$203.4\"},{\"bbox\":[860.3,210.0,913.4,230.1],\"lines\":[{\"bbox\":[860.3,210.0,913.4,230.1],\"text\":\"PLIC\"}],\"order\":19,\"text\":\"PLIC\"},{\"bbox\":[941.2,210.0,1011.6,230.1],\"lines\":[{\"bbox\":[941.2,210.0,1011.6,230.1],\"text\":\"PRIAC\"}],\"order\":20,\"text\":\"PRIAC\"},{\"bbox\":[784.7,271.1,812.5,291.5],\"lines\":[{\"bbox\":[784.7,271.1,812.5,291.5],\"text\":\"5.0\"}],\"order\":21,\"text\":\"5.0\"},{\"bbox\":[861.9,271.1,911.9,291.5],\"lines\":[{\"bbox\":[861.9,271.1,911.9,291.5],\"text\":\"$ 0.9\"}],\"order\":22,\"text\":\"$ 0.9\"},{\"bbox\":[951.5,271.1,1001.5,291.5],\"lines\":[{\"bbox\":[951.5,271.1,1001.5,291.5],\"text\":\"$ 0.3\"}],\"order\":23,\"text\":\"$ 0.3\"},{\"bbox\":[762.5,326.7,812.5,374.8],\"lines\":[{\"bbox\":[762.5,326.7,812.5,347.0],\"text\":\"110.7\"},{\"bbox\":[784.7,354.5,812.5,374.8],\"text\":\"6.6\"}],\"order\":24,\"text\":\"110.7\\n6.6\"},{\"bbox\":[873.1,326.7,911.9,374.8],\"lines\":[{\"bbox\":[873.1,326.7,911.9,347.0],\"text\":\"34.8\"},{\"bbox\":[884.2,354.5,911.9,374.8],\"text\":\"2.4\"}],\"order\":25,\"text\":\"34.8\\n2.4\"},{\"bbox\":[962.6,326.7,1001.5,374.8],\"lines\":[{\"bbox\":[962.6,326.7,1001.5,347.0],\"text\":\"19.2\"},{\"bbox\":[973.8,354.5,1001.5,374.8],\"text\":\"1.4\"}],\"order\":26,\"text\":\"19.2\\n1.4\"},{\"bbox\":[1075.3,326.7,1103.1,374.8],\"lines\":[{\"bbox\":[1075.3,326.7,1103.1,347.0],\"text\":\"9.6\"},{\"bbox\":[1075.3,354.5,1103.1,374.8],\"text\":\"0.5\"}],\"order\":27,\"text\":\"9.6\\n0.5\"},{\"bbox\":[75.0,393.4,703.6,441.5],\"lines\":[{\"bbox\":[75.0,393.4,703.6,413.7],\"text\":\"Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[75.0,421.1,703.6,441.5],\"text\":\"Public equity securities, at fair value . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":28,\"text\":\"Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPublic equity securities, at fair value . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[762.5,393.4,812.5,441.5],\"lines\":[{\"bbox\":[762.5,393.4,812.5,413.7],\"text\":\"117.3\"},{\"bbox\":[784.7,421.1,812.5,441.5],\"text\":\"0.1\"}],\"order\":29,\"text\":\"117.3\\n0.1\"},{\"bbox\":[873.1,393.4,911.9,441.5],\"lines\":[{\"bbox\":[873.1,393.4,911.9,413.7],\"text\":\"37.2\"},{\"bbox\":[884.2,421.1,911.9,441.5],\"text\":\"1.8\"}],\"order\":30,\"text\":\"37.2\\n1.8\"},{\"bbox\":[962.6,393.4,1001.5,441.5],\"lines\":[{\"bbox\":[962.6,393.4,1001.5,413.7],\"text\":\"20.6\"},{\"bbox\":[973.8,421.1,1001.5,441.5],\"text\":\"0.0\"}],\"order\":31,\"text\":\"20.6\\n0.0\"},{\"bbox\":[75.0,460.0,703.6,480.4],\"lines\":[{\"bbox\":[75.0,460.0,703.6,480.4],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":32,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[751.4,460.0,812.5,480.4],\"lines\":[{\"bbox\":[751.4,460.0,812.5,480.4],\"text\":\"$122.4\"}],\"order\":33,\"text\":\"$122.4\"},{\"bbox\":[861.9,460.0,911.9,480.4],\"lines\":[{\"bbox\":[861.9,460.0,911.9,480.4],\"text\":\"$39.9\"}],\"order\":34,\"text\":\"$39.9\"},{\"bbox\":[951.5,460.0,1001.5,480.4],\"lines\":[{\"bbox\":[951.5,460.0,1001.5,480.4],\"text\":\"$20.9\"}],\"order\":35,\"text\":\"$20.9\"},{\"bbox\":[75.0,271.1,703.6,374.8],\"lines\":[{\"bbox\":[75.0,271.1,703.6,291.5],\"text\":\"Cash and short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[75.0,298.9,349.9,319.3],\"text\":\"Fixed maturity investments(1):\"},{\"bbox\":[119.4,326.7,703.6,347.0],\"text\":\"High or highest quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[119.4,354.5,703.6,374.8],\"text\":\"Other than high or highest quality . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":36,\"text\":\"Cash and short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFixed maturity investments(1):\\nHigh or highest quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther than high or highest quality . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[751.4,271.1,762.5,291.5],\"lines\":[{\"bbox\":[751.4,271.1,762.5,291.5],\"text\":\"$\"}],\"order\":37,\"text\":\"$\"},{\"bbox\":[75.0,525.3,993.5,545.7],\"lines\":[{\"bbox\":[75.0,525.3,993.5,545.7],\"text\":\"(1) Excludes fixed maturities designated as held-to-maturity. Classified by NAIC or equivalent rating.\"}],\"order\":38,\"text\":\"(1) Excludes fixed maturities designated as held-to-maturity. Classified by NAIC or equivalent rating.\"},{\"bbox\":[75.0,587.8,1475.0,638.5],\"lines\":[{\"bbox\":[125.0,587.8,1475.0,610.7],\"text\":\"The following table sets forth the fair value of our international insurance operations’ portfolio of liquid assets, as of the dates\"},{\"bbox\":[75.0,615.6,172.9,638.5],\"text\":\"indicated.\"}],\"order\":39,\"text\":\"The following table sets forth the fair value of our international insurance operations’ portfolio of liquid assets, as of the dates\\nindicated.\"},{\"bbox\":[898.5,709.7,999.7,752.1],\"lines\":[{\"bbox\":[898.5,709.7,999.7,729.8],\"text\":\"Prudential\"},{\"bbox\":[907.9,732.0,990.0,752.1],\"text\":\"of Japan\"}],\"order\":40,\"text\":\"Prudential\\nof Japan\"},{\"bbox\":[1018.2,676.4,1317.6,813.4],\"lines\":[{\"bbox\":[1018.2,676.4,1197.8,696.5],\"text\":\"December 31, 2018\"},{\"bbox\":[1027.4,709.7,1118.7,729.8],\"text\":\"Gibraltar\"},{\"bbox\":[1173.3,709.7,1201.7,729.8],\"text\":\"All\"},{\"bbox\":[1040.8,732.0,1105.0,752.1],\"text\":\"Life(1)\"},{\"bbox\":[1146.2,732.0,1312.4,752.1],\"text\":\"Other(2) Total\"},{\"bbox\":[1132.9,765.3,1240.9,785.4],\"text\":\"(in billions)\"},{\"bbox\":[1047.9,793.1,1097.9,813.4],\"text\":\"$ 2.2\"},{\"bbox\":[1162.5,793.1,1212.5,813.4],\"text\":\"$ 1.2\"},{\"bbox\":[1256.5,793.1,1317.6,813.4],\"text\":\"$ 4.1\"}],\"order\":41,\"text\":\"December 31, 2018\\nGibraltar\\nAll\\nLife(1)\\nOther(2) Total\\n(in billions)\\n$ 2.2\\n$ 1.2\\n$ 4.1\"},{\"bbox\":[1345.4,709.7,1475.0,752.1],\"lines\":[{\"bbox\":[1345.4,709.7,1475.0,729.8],\"text\":\"December 31,\"},{\"bbox\":[1387.9,732.0,1432.4,752.1],\"text\":\"2017\"}],\"order\":42,\"text\":\"December 31,\\n2017\"},{\"bbox\":[75.0,793.1,870.7,896.8],\"lines\":[{\"bbox\":[75.0,793.1,870.7,813.4],\"text\":\"Cash and short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[75.0,820.9,349.9,841.2],\"text\":\"Fixed maturity investments(3):\"},{\"bbox\":[119.4,848.6,870.7,869.0],\"text\":\"High or highest quality(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[119.4,876.4,870.7,896.8],\"text\":\"Other than high or highest quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":43,\"text\":\"Cash and short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFixed maturity investments(3):\\nHigh or highest quality(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther than high or highest quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[924.0,793.1,974.0,813.4],\"lines\":[{\"bbox\":[924.0,793.1,974.0,813.4],\"text\":\"$ 0.7\"}],\"order\":44,\"text\":\"$ 0.7\"},{\"bbox\":[935.1,848.6,974.0,896.8],\"lines\":[{\"bbox\":[935.1,848.6,974.0,869.0],\"text\":\"40.0\"},{\"bbox\":[946.2,876.4,974.0,896.8],\"text\":\"0.8\"}],\"order\":45,\"text\":\"40.0\\n0.8\"},{\"bbox\":[1059.0,848.6,1097.9,896.8],\"lines\":[{\"bbox\":[1059.0,848.6,1097.9,869.0],\"text\":\"90.2\"},{\"bbox\":[1070.1,876.4,1097.9,896.8],\"text\":\"3.6\"}],\"order\":46,\"text\":\"90.2\\n3.6\"},{\"bbox\":[1173.6,848.6,1212.5,896.8],\"lines\":[{\"bbox\":[1173.6,848.6,1212.5,869.0],\"text\":\"18.9\"},{\"bbox\":[1184.7,876.4,1212.5,896.8],\"text\":\"1.8\"}],\"order\":47,\"text\":\"18.9\\n1.8\"},{\"bbox\":[1267.6,848.6,1317.6,896.8],\"lines\":[{\"bbox\":[1267.6,848.6,1317.6,869.0],\"text\":\"149.1\"},{\"bbox\":[1289.9,876.4,1317.6,896.8],\"text\":\"6.2\"}],\"order\":48,\"text\":\"149.1\\n6.2\"},{\"bbox\":[1390.8,848.6,1440.8,896.8],\"lines\":[{\"bbox\":[1390.8,848.6,1440.8,869.0],\"text\":\"145.2\"},{\"bbox\":[1413.1,876.4,1440.8,896.8],\"text\":\"6.0\"}],\"order\":49,\"text\":\"145.2\\n6.0\"},{\"bbox\":[75.0,915.3,870.7,963.4],\"lines\":[{\"bbox\":[75.0,915.3,870.7,935.7],\"text\":\"Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[75.0,943.1,870.7,963.4],\"text\":\"Public equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":50,\"text\":\"Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPublic equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[935.1,915.3,974.0,963.4],\"lines\":[{\"bbox\":[935.1,915.3,974.0,935.7],\"text\":\"40.8\"},{\"bbox\":[946.2,943.1,974.0,963.4],\"text\":\"1.7\"}],\"order\":51,\"text\":\"40.8\\n1.7\"},{\"bbox\":[1059.0,915.3,1097.9,963.4],\"lines\":[{\"bbox\":[1059.0,915.3,1097.9,935.7],\"text\":\"93.8\"},{\"bbox\":[1070.1,943.1,1097.9,963.4],\"text\":\"1.6\"}],\"order\":52,\"text\":\"93.8\\n1.6\"},{\"bbox\":[1173.6,915.3,1212.5,963.4],\"lines\":[{\"bbox\":[1173.6,915.3,1212.5,935.7],\"text\":\"20.7\"},{\"bbox\":[1184.7,943.1,1212.5,963.4],\"text\":\"0.7\"}],\"order\":53,\"text\":\"20.7\\n0.7\"},{\"bbox\":[1267.6,915.3,1317.6,963.4],\"lines\":[{\"bbox\":[1267.6,915.3,1317.6,935.7],\"text\":\"155.3\"},{\"bbox\":[1289.9,943.1,1317.6,963.4],\"text\":\"4.0\"}],\"order\":54,\"text\":\"155.3\\n4.0\"},{\"bbox\":[1390.8,915.3,1440.8,963.4],\"lines\":[{\"bbox\":[1390.8,915.3,1440.8,935.7],\"text\":\"151.2\"},{\"bbox\":[1413.1,943.1,1440.8,963.4],\"text\":\"4.5\"}],\"order\":55,\"text\":\"151.2\\n4.5\"},{\"bbox\":[75.0,982.0,870.7,1002.3],\"lines\":[{\"bbox\":[75.0,982.0,870.7,1002.3],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":56,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[924.0,982.0,974.0,1002.3],\"lines\":[{\"bbox\":[924.0,982.0,974.0,1002.3],\"text\":\"$43.2\"}],\"order\":57,\"text\":\"$43.2\"},{\"bbox\":[1047.9,982.0,1097.9,1002.3],\"lines\":[{\"bbox\":[1047.9,982.0,1097.9,1002.3],\"text\":\"$97.6\"}],\"order\":58,\"text\":\"$97.6\"},{\"bbox\":[1162.5,982.0,1212.5,1002.3],\"lines\":[{\"bbox\":[1162.5,982.0,1212.5,1002.3],\"text\":\"$22.6\"}],\"order\":59,\"text\":\"$22.6\"},{\"bbox\":[1256.5,982.0,1317.6,1002.3],\"lines\":[{\"bbox\":[1256.5,982.0,1317.6,1002.3],\"text\":\"$163.4\"}],\"order\":60,\"text\":\"$163.4\"},{\"bbox\":[1379.7,982.0,1440.8,1002.3],\"lines\":[{\"bbox\":[1379.7,982.0,1440.8,1002.3],\"text\":\"$159.9\"}],\"order\":61,\"text\":\"$159.9\"},{\"bbox\":[75.0,1047.2,100.9,1146.8],\"lines\":[{\"bbox\":[75.0,1047.2,100.9,1067.6],\"text\":\"(1)\"},{\"bbox\":[75.0,1073.6,100.9,1094.0],\"text\":\"(2)\"},{\"bbox\":[75.0,1100.0,100.9,1120.4],\"text\":\"(3)\"},{\"bbox\":[75.0,1126.4,100.9,1146.8],\"text\":\"(4)\"}],\"order\":62,\"text\":\"(1)\\n(2)\\n(3)\\n(4)\"},{\"bbox\":[1379.7,793.1,1390.8,813.4],\"lines\":[{\"bbox\":[1379.7,793.1,1390.8,813.4],\"text\":\"$\"}],\"order\":63,\"text\":\"$\"},{\"bbox\":[1413.1,793.1,1440.8,813.4],\"lines\":[{\"bbox\":[1413.1,793.1,1440.8,813.4],\"text\":\"4.2\"}],\"order\":64,\"text\":\"4.2\"},{\"bbox\":[119.4,1047.2,1096.0,1146.8],\"lines\":[{\"bbox\":[119.4,1047.2,260.0,1067.6],\"text\":\"Includes PGFL.\"},{\"bbox\":[119.4,1073.6,718.2,1094.0],\"text\":\"Represents our international insurance operations, excluding Japan.\"},{\"bbox\":[119.4,1100.0,993.5,1120.4],\"text\":\"Excludes fixed maturities designated as held-to-maturity. Classified by NAIC or equivalent rating.\"},{\"bbox\":[119.4,1126.4,1096.0,1146.8],\"text\":\"As of December 31, 2018, $112.3 billion, or 75%, were invested in government or government agency bonds.\"}],\"order\":65,\"text\":\"Includes PGFL.\\nRepresents our international insurance operations, excluding Japan.\\nExcludes fixed maturities designated as held-to-maturity. Classified by NAIC or equivalent rating.\\nAs of December 31, 2018, $112.3 billion, or 75%, were invested in government or government agency bonds.\"},{\"bbox\":[75.0,1188.9,1475.0,1406.3],\"lines\":[{\"bbox\":[125.0,1188.9,1475.0,1211.8],\"text\":\"Given the size and liquidity profile of our investment portfolios, we believe that claim experience, including policyholder withdrawals\"},{\"bbox\":[75.0,1216.7,1475.0,1239.6],\"text\":\"and surrenders, varying from our projections does not constitute a significant liquidity risk. Our asset/liability management process takes\"},{\"bbox\":[75.0,1244.5,1475.0,1267.4],\"text\":\"into account the expected maturity of investments and expected claim payments as well as the specific nature and risk profile of the\"},{\"bbox\":[75.0,1272.2,1475.0,1295.1],\"text\":\"liabilities. To the extent we need to pay claims in excess of projections, we may borrow temporarily or sell investments sooner than\"},{\"bbox\":[75.0,1300.0,1475.0,1322.9],\"text\":\"anticipated to pay these claims, which may result in increased borrowing costs or realized investment gains or losses, including from\"},{\"bbox\":[75.0,1327.8,1475.0,1350.7],\"text\":\"changes in interest rates or credit spreads. The payment of claims and sale of investments earlier than anticipated would have an impact on\"},{\"bbox\":[75.0,1355.6,1475.0,1378.5],\"text\":\"the reported level of cash flow from operating, investing, and financing activities, in our financial statements. Historically, there has been\"},{\"bbox\":[75.0,1383.4,1103.5,1406.3],\"text\":\"no significant variation between the expected maturities of our investments and the payment of claims.\"}],\"order\":66,\"text\":\"Given the size and liquidity profile of our investment portfolios, we believe that claim experience, including policyholder withdrawals\\nand surrenders, varying from our projections does not constitute a significant liquidity risk. Our asset/liability management process takes\\ninto account the expected maturity of investments and expected claim payments as well as the specific nature and risk profile of the\\nliabilities. To the extent we need to pay claims in excess of projections, we may borrow temporarily or sell investments sooner than\\nanticipated to pay these claims, which may result in increased borrowing costs or realized investment gains or losses, including from\\nchanges in interest rates or credit spreads. The payment of claims and sale of investments earlier than anticipated would have an impact on\\nthe reported level of cash flow from operating, investing, and financing activities, in our financial statements. Historically, there has been\\nno significant variation between the expected maturities of our investments and the payment of claims.\"},{\"bbox\":[75.0,1468.2,533.9,1493.3],\"lines\":[{\"bbox\":[75.0,1468.2,533.9,1493.3],\"text\":\"Liquidity associated with other activities\"}],\"order\":67,\"text\":\"Liquidity associated with other activities\"},{\"bbox\":[130.6,1518.4,746.5,1543.5],\"lines\":[{\"bbox\":[130.6,1518.4,746.5,1543.5],\"text\":\"Hedging activities associated with Individual Annuities\"}],\"order\":68,\"text\":\"Hedging activities associated with Individual Annuities\"},{\"bbox\":[75.0,1564.9,1475.0,1754.5],\"lines\":[{\"bbox\":[125.0,1564.9,1475.0,1587.8],\"text\":\"For the portion of our Individual Annuities’ ALM strategy executed through hedging, as well as the capital hedge program, we enter\"},{\"bbox\":[75.0,1592.7,1475.0,1615.6],\"text\":\"into a range of exchange-traded, cleared and other OTC equity and interest rate derivatives in order to hedge certain capital market risks\"},{\"bbox\":[75.0,1620.4,1475.0,1643.3],\"text\":\"related to more severe market conditions. For a full discussion of our Individual Annuities’ risk management strategy, see “—Results of\"},{\"bbox\":[75.0,1648.2,1475.0,1671.1],\"text\":\"Operations by Segment—U.S. Individual Solutions Division—Individual Annuities.” This portion of our Individual Annuities’ ALM\"},{\"bbox\":[75.0,1676.0,1475.0,1698.9],\"text\":\"strategy and capital hedge program requires access to liquidity to meet payment obligations relating to these derivatives, such as payments\"},{\"bbox\":[75.0,1703.8,1475.0,1726.7],\"text\":\"for periodic settlements, purchases, maturities and terminations. These liquidity needs can vary materially due to, among other items,\"},{\"bbox\":[75.0,1731.6,854.1,1754.5],\"text\":\"changes in interest rates, equity markets, mortality and policyholder behavior.\"}],\"order\":69,\"text\":\"For the portion of our Individual Annuities’ ALM strategy executed through hedging, as well as the capital hedge program, we enter\\ninto a range of exchange-traded, cleared and other OTC equity and interest rate derivatives in order to hedge certain capital market risks\\nrelated to more severe market conditions. For a full discussion of our Individual Annuities’ risk management strategy, see “—Results of\\nOperations by Segment—U.S. Individual Solutions Division—Individual Annuities.” This portion of our Individual Annuities’ ALM\\nstrategy and capital hedge program requires access to liquidity to meet payment obligations relating to these derivatives, such as payments\\nfor periodic settlements, purchases, maturities and terminations. These liquidity needs can vary materially due to, among other items,\\nchanges in interest rates, equity markets, mortality and policyholder behavior.\"},{\"bbox\":[75.0,1796.0,1475.0,1985.6],\"lines\":[{\"bbox\":[125.0,1796.0,1475.0,1818.9],\"text\":\"The hedging portion of our Individual Annuities’ ALM strategy and capital hedge program may also result in derivative related\"},{\"bbox\":[75.0,1823.8,1475.0,1846.7],\"text\":\"collateral postings to (when we are in a net pay position) or from (when we are in a net receive position) counterparties. The net collateral\"},{\"bbox\":[75.0,1851.6,1475.0,1874.5],\"text\":\"position depends on changes in interest rates and equity markets related to the amount of the exposures hedged. Depending on market\"},{\"bbox\":[75.0,1879.3,1475.0,1902.2],\"text\":\"conditions, the collateral posting requirements can result in material liquidity needs when we are in a net pay position. As of December 31,\"},{\"bbox\":[75.0,1907.1,1475.0,1930.0],\"text\":\"2018, the derivatives comprising the hedging portion of our ALM strategy and capital hedge program were in a net receive position of\"},{\"bbox\":[75.0,1934.9,1475.0,1957.8],\"text\":\"$2.9 billion compared to a net receive position of $3.3 billion as of December 31, 2017. The change in collateral position was primarily\"},{\"bbox\":[75.0,1962.7,453.4,1985.6],\"text\":\"driven by an increase in interest rates.\"}],\"order\":70,\"text\":\"The hedging portion of our Individual Annuities’ ALM strategy and capital hedge program may also result in derivative related\\ncollateral postings to (when we are in a net pay position) or from (when we are in a net receive position) counterparties. The net collateral\\nposition depends on changes in interest rates and equity markets related to the amount of the exposures hedged. Depending on market\\nconditions, the collateral posting requirements can result in material liquidity needs when we are in a net pay position. As of December 31,\\n2018, the derivatives comprising the hedging portion of our ALM strategy and capital hedge program were in a net receive position of\\n$2.9 billion compared to a net receive position of $3.3 billion as of December 31, 2017. The change in collateral position was primarily\\ndriven by an increase in interest rates.\"},{\"bbox\":[75.0,2045.4,105.6,2075.0],\"lines\":[{\"bbox\":[75.0,2045.4,105.6,2075.0],\"text\":\"82\"}],\"order\":71,\"text\":\"82\"},{\"bbox\":[125.0,2052.1,493.0,2073.5],\"lines\":[{\"bbox\":[125.0,2052.1,493.0,2073.5],\"text\":\"Prudential Financial, Inc. 2018 Annual Report\"}],\"order\":72,\"text\":\"Prudential Financial, Inc. 2018 Annual Report\"}],\"doc\":\"fintabnet:PRU_2018\",\"dpi\":200,\"image_px\":[1625,2125],\"layout\":[],\"markdown\":\"The following table sets forth the fair value of certain of our domestic insurance operations’ portfolio of liquid assets, as of the dates\\nindicated.\\n\\nDecember 31, 2018\\n\\nPrudential\\nInsurance\\n\\nPruco\\nPALAC\\nLife\\n(in billions)\\n$ 4.5\\n$0.4\\n\\nTotal\\n\\nDecember 31,\\n2017\\n\\n$ 11.1\\n\\n$ 11.7\\n\\n4.9\\n0.4\\n\\n179.2\\n11.3\\n\\n175.1\\n13.8\\n\\n10.1\\n0.0\\n\\n5.3\\n0.0\\n\\n190.5\\n1.9\\n\\n188.9\\n2.8\\n\\n$14.6\\n\\n$5.7\\n\\n$203.5\\n\\n$203.4\\n\\nPLIC\\n\\nPRIAC\\n\\n5.0\\n\\n$ 0.9\\n\\n$ 0.3\\n\\n110.7\\n6.6\\n\\n34.8\\n2.4\\n\\n19.2\\n1.4\\n\\n9.6\\n0.5\\n\\nSubtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPublic equity securities, at fair value . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n117.3\\n0.1\\n\\n37.2\\n1.8\\n\\n20.6\\n0.0\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$122.4\\n\\n$39.9\\n\\n$20.9\\n\\nCash and short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFixed maturity investments(1):\\nHigh or highest quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther than high or highest quality . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n(1) Excludes fixed maturities designated as held-to-maturity. Classified by NAIC or equivalent rating.\\n\\nThe following table sets forth the fair value of our international insurance operations’ portfolio of liquid assets, as of the dates\\nindicated.\\n\\nPrudential\\nof Japan\\n\\nDecember 31, 2018\\nGibraltar\\nAll\\nLife(1)\\nOther(2) Total\\n(in billions)\\n$ 2.2\\n$ 1.2\\n$ 4.1\\n\\nDecember 31,\\n2017\\n\\nCash and short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFixed maturity investments(3):\\nHigh or highest quality(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther than high or highest quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 0.7\\n\\n40.0\\n0.8\\n\\n90.2\\n3.6\\n\\n18.9\\n1.8\\n\\n149.1\\n6.2\\n\\n145.2\\n6.0\\n\\nSubtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPublic equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n40.8\\n1.7\\n\\n93.8\\n1.6\\n\\n20.7\\n0.7\\n\\n155.3\\n4.0\\n\\n151.2\\n4.5\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$43.2\\n\\n$97.6\\n\\n$22.6\\n\\n$163.4\\n\\n$159.9\\n\\n(1)\\n(2)\\n(3)\\n(4)\\n\\n$\\n\\n4.2\\n\\nIncludes PGFL.\\nRepresents our international insurance operations, excluding Japan.\\nExcludes fixed maturities designated as held-to-maturity. Classified by NAIC or equivalent rating.\\nAs of December 31, 2018, $112.3 billion, or 75%, were invested in government or government agency bonds.\\n\\nGiven the size and liquidity profile of our investment portfolios, we believe that claim experience, including policyholder withdrawals\\nand surrenders, varying from our projections does not constitute a significant liquidity risk. Our asset/liability management process takes\\ninto account the expected maturity of investments and expected claim payments as well as the specific nature and risk profile of the\\nliabilities. To the extent we need to pay claims in excess of projections, we may borrow temporarily or sell investments sooner than\\nanticipated to pay these claims, which may result in increased borrowing costs or realized investment gains or losses, including from\\nchanges in interest rates or credit spreads. The payment of claims and sale of investments earlier than anticipated would have an impact on\\nthe reported level of cash flow from operating, investing, and financing activities, in our financial statements. Historically, there has been\\nno significant variation between the expected maturities of our investments and the payment of claims.\\n\\nLiquidity associated with other activities\\n\\nHedging activities associated with Individual Annuities\\n\\nFor the portion of our Individual Annuities’ ALM strategy executed through hedging, as well as the capital hedge program, we enter\\ninto a range of exchange-traded, cleared and other OTC equity and interest rate derivatives in order to hedge certain capital market risks\\nrelated to more severe market conditions. For a full discussion of our Individual Annuities’ risk management strategy, see “—Results of\\nOperations by Segment—U.S. Individual Solutions Division—Individual Annuities.” This portion of our Individual Annuities’ ALM\\nstrategy and capital hedge program requires access to liquidity to meet payment obligations relating to these derivatives, such as payments\\nfor periodic settlements, purchases, maturities and terminations. These liquidity needs can vary materially due to, among other items,\\nchanges in interest rates, equity markets, mortality and policyholder behavior.\\n\\nThe hedging portion of our Individual Annuities’ ALM strategy and capital hedge program may also result in derivative related\\ncollateral postings to (when we are in a net pay position) or from (when we are in a net receive position) counterparties. The net collateral\\nposition depends on changes in interest rates and equity markets related to the amount of the exposures hedged. Depending on market\\nconditions, the collateral posting requirements can result in material liquidity needs when we are in a net pay position. As of December 31,\\n2018, the derivatives comprising the hedging portion of our ALM strategy and capital hedge program were in a net receive position of\\n$2.9 billion compared to a net receive position of $3.3 billion as of December 31, 2017. The change in collateral position was primarily\\ndriven by an increase in interest rates.\\n\\n82\\n\\nPrudential Financial, Inc. 2018 Annual Report\",\"name\":\"fintabnet.PRU_2018_page_84__200dpi_none\",\"page_id\":\"fintabnet.PRU_2018_page_84\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"PRU_2018_page_84\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[75.0,149.3,1447.2,480.4],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37],\"cells\":null},{\"bbox\":[75.0,671.3,1475.0,1002.3],\"block_orders\":[40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,63,64],\"cells\":null}],\"text\":\"The following table sets forth the fair value of certain of our domestic insurance operations’ portfolio of liquid assets, as of the dates\\nindicated.\\n\\nDecember 31, 2018\\n\\nPrudential\\nInsurance\\n\\nPruco\\nPALAC\\nLife\\n(in billions)\\n$ 4.5\\n$0.4\\n\\nTotal\\n\\nDecember 31,\\n2017\\n\\n$ 11.1\\n\\n$ 11.7\\n\\n4.9\\n0.4\\n\\n179.2\\n11.3\\n\\n175.1\\n13.8\\n\\n10.1\\n0.0\\n\\n5.3\\n0.0\\n\\n190.5\\n1.9\\n\\n188.9\\n2.8\\n\\n$14.6\\n\\n$5.7\\n\\n$203.5\\n\\n$203.4\\n\\nPLIC\\n\\nPRIAC\\n\\n5.0\\n\\n$ 0.9\\n\\n$ 0.3\\n\\n110.7\\n6.6\\n\\n34.8\\n2.4\\n\\n19.2\\n1.4\\n\\n9.6\\n0.5\\n\\nSubtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPublic equity securities, at fair value . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n117.3\\n0.1\\n\\n37.2\\n1.8\\n\\n20.6\\n0.0\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$122.4\\n\\n$39.9\\n\\n$20.9\\n\\nCash and short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFixed maturity investments(1):\\nHigh or highest quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther than high or highest quality . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n(1) Excludes fixed maturities designated as held-to-maturity. Classified by NAIC or equivalent rating.\\n\\nThe following table sets forth the fair value of our international insurance operations’ portfolio of liquid assets, as of the dates\\nindicated.\\n\\nPrudential\\nof Japan\\n\\nDecember 31, 2018\\nGibraltar\\nAll\\nLife(1)\\nOther(2) Total\\n(in billions)\\n$ 2.2\\n$ 1.2\\n$ 4.1\\n\\nDecember 31,\\n2017\\n\\nCash and short-term investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFixed maturity investments(3):\\nHigh or highest quality(4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther than high or highest quality . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 0.7\\n\\n40.0\\n0.8\\n\\n90.2\\n3.6\\n\\n18.9\\n1.8\\n\\n149.1\\n6.2\\n\\n145.2\\n6.0\\n\\nSubtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPublic equity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n40.8\\n1.7\\n\\n93.8\\n1.6\\n\\n20.7\\n0.7\\n\\n155.3\\n4.0\\n\\n151.2\\n4.5\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$43.2\\n\\n$97.6\\n\\n$22.6\\n\\n$163.4\\n\\n$159.9\\n\\n(1)\\n(2)\\n(3)\\n(4)\\n\\n$\\n\\n4.2\\n\\nIncludes PGFL.\\nRepresents our international insurance operations, excluding Japan.\\nExcludes fixed maturities designated as held-to-maturity. Classified by NAIC or equivalent rating.\\nAs of December 31, 2018, $112.3 billion, or 75%, were invested in government or government agency bonds.\\n\\nGiven the size and liquidity profile of our investment portfolios, we believe that claim experience, including policyholder withdrawals\\nand surrenders, varying from our projections does not constitute a significant liquidity risk. Our asset/liability management process takes\\ninto account the expected maturity of investments and expected claim payments as well as the specific nature and risk profile of the\\nliabilities. To the extent we need to pay claims in excess of projections, we may borrow temporarily or sell investments sooner than\\nanticipated to pay these claims, which may result in increased borrowing costs or realized investment gains or losses, including from\\nchanges in interest rates or credit spreads. The payment of claims and sale of investments earlier than anticipated would have an impact on\\nthe reported level of cash flow from operating, investing, and financing activities, in our financial statements. Historically, there has been\\nno significant variation between the expected maturities of our investments and the payment of claims.\\n\\nLiquidity associated with other activities\\n\\nHedging activities associated with Individual Annuities\\n\\nFor the portion of our Individual Annuities’ ALM strategy executed through hedging, as well as the capital hedge program, we enter\\ninto a range of exchange-traded, cleared and other OTC equity and interest rate derivatives in order to hedge certain capital market risks\\nrelated to more severe market conditions. For a full discussion of our Individual Annuities’ risk management strategy, see “—Results of\\nOperations by Segment—U.S. Individual Solutions Division—Individual Annuities.” This portion of our Individual Annuities’ ALM\\nstrategy and capital hedge program requires access to liquidity to meet payment obligations relating to these derivatives, such as payments\\nfor periodic settlements, purchases, maturities and terminations. These liquidity needs can vary materially due to, among other items,\\nchanges in interest rates, equity markets, mortality and policyholder behavior.\\n\\nThe hedging portion of our Individual Annuities’ ALM strategy and capital hedge program may also result in derivative related\\ncollateral postings to (when we are in a net pay position) or from (when we are in a net receive position) counterparties. The net collateral\\nposition depends on changes in interest rates and equity markets related to the amount of the exposures hedged. Depending on market\\nconditions, the collateral posting requirements can result in material liquidity needs when we are in a net pay position. As of December 31,\\n2018, the derivatives comprising the hedging portion of our ALM strategy and capital hedge program were in a net receive position of\\n$2.9 billion compared to a net receive position of $3.3 billion as of December 31, 2017. The change in collateral position was primarily\\ndriven by an increase in interest rates.\\n\\n82\\n\\nPrudential Financial, Inc. 2018 Annual Report\"},\"name\":\"fintabnet.PRU_2018_page_84__200dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":265977,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PRU_2018\",\"dpi\":200,\"gt_sha256\":\"279a00b7f17db9fb87b220626109c42f228dc6f69e8548d49c3abc2026eb98ff\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PRU_2018_page_84__200dpi_none\",\"page\":1,\"page_id\":\"fintabnet.PRU_2018_page_84\",\"pdf_sha256\":\"8134502677ba38c5a037f1cceed68db2bb0a7b9510f4eae8c9ba85ac2e2aad06\",\"px\":[1625,2125],\"scan\":{\"render\":\"000001f4700041044000007c700040007e007ffe7ffc7e007ffe7ffc7ffe0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"PRU_2018_page_84\",\"src\":{\"file_sha256\":\"3a9da34a6e6931c007ec120a9618b8968733bc694667f2a426a2e3c5f70a508d\",\"render\":\"000001fc700041ec4000007c700040787f807ffe7ff87e007ffe7ffc7ffc0000\",\"text\":\"658d2665015a29a1224842dc6afc4e88542500cb51c751f6d6a7ad9354468049\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"8134502677ba38c5a037f1cceed68db2bb0a7b9510f4eae8c9ba85ac2e2aad06\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/8134502677ba38c5a037f1cceed68db2bb0a7b9510f4eae8c9ba85ac2e2aad06.pdf","asset_sha256":"8134502677ba38c5a037f1cceed68db2bb0a7b9510f4eae8c9ba85ac2e2aad06","document_id":"fintabnet:PRU_2018","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PRU_2018_page_84\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PWR_2007_page_101\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PWR_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[481.4,196.0,1091.2,247.3],\"lines\":[{\"bbox\":[481.4,196.0,1091.2,247.3],\"text\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\"},{\"bbox\":[329.8,239.4,1246.5,304.0],\"lines\":[{\"bbox\":[329.8,239.4,1246.5,304.0],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"},{\"bbox\":[158.9,300.3,1430.0,546.6],\"lines\":[{\"bbox\":[214.5,300.3,1422.9,377.7],\"text\":\"In assessing the value of deferred tax assets, Quanta considers whether it was more likely than not that some or\"},{\"bbox\":[160.4,333.5,1424.3,413.3],\"text\":\"all of the deferred tax assets would not be realized. The ultimate realization of deferred tax assets is dependent upon\"},{\"bbox\":[161.8,366.8,1425.1,446.7],\"text\":\"the generation of future taxable income during the periods in which those temporary differences become deductible.\"},{\"bbox\":[163.2,400.2,1426.8,480.0],\"text\":\"Quanta considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning\"},{\"bbox\":[164.7,433.4,1428.5,513.2],\"text\":\"strategies in making this assessment. Based upon these considerations, Quanta provides a valuation allowance to\"},{\"bbox\":[166.1,472.7,1290.8,546.6],\"text\":\"reduce the carrying value of certain of its deferred tax assets to their net expected realizable value.\"}],\"order\":2,\"text\":\"In assessing the value of deferred tax assets, Quanta considers whether it was more likely than not that some or\\nall of the deferred tax assets would not be realized. The ultimate realization of deferred tax assets is dependent upon\\nthe generation of future taxable income during the periods in which those temporary differences become deductible.\\nQuanta considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning\\nstrategies in making this assessment. Based upon these considerations, Quanta provides a valuation allowance to\\nreduce the carrying value of certain of its deferred tax assets to their net expected realizable value.\"},{\"bbox\":[168.3,518.5,1435.2,664.9],\"lines\":[{\"bbox\":[223.9,518.5,1432.1,595.9],\"text\":\"Quanta has not provided for U.S. deferred income taxes or foreign withholding taxes for undistributed\"},{\"bbox\":[169.8,551.7,1433.5,631.5],\"text\":\"earnings of its non-U.S. subsidiaries as of December 31, 2007, since Quanta intends to reinvest these earnings\"},{\"bbox\":[171.2,585.0,1435.2,664.9],\"text\":\"indefinitely. It is not practicable to determine the amount of the related unrecognized deferred income tax liability.\"}],\"order\":3,\"text\":\"Quanta has not provided for U.S. deferred income taxes or foreign withholding taxes for undistributed\\nearnings of its non-U.S. subsidiaries as of December 31, 2007, since Quanta intends to reinvest these earnings\\nindefinitely. It is not practicable to determine the amount of the related unrecognized deferred income tax liability.\"},{\"bbox\":[173.4,636.6,1438.6,749.8],\"lines\":[{\"bbox\":[229.0,636.6,1437.2,714.1],\"text\":\"As discussed in Note 2, Quanta adopted FIN No. 48 on January 1, 2007. A reconciliation of the beginning and\"},{\"bbox\":[174.9,687.6,1031.1,749.8],\"text\":\"ending balances of unrecognized tax liabilities is as follows (in thousands):\"}],\"order\":4,\"text\":\"As discussed in Note 2, Quanta adopted FIN No. 48 on January 1, 2007. A reconciliation of the beginning and\\nending balances of unrecognized tax liabilities is as follows (in thousands):\"},{\"bbox\":[232.5,726.8,1268.2,1029.5],\"lines\":[{\"bbox\":[232.5,726.8,1258.2,796.4],\"text\":\"Balance at January 1, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[234.2,765.7,1259.9,835.2],\"text\":\"Additions based on tax positions related to the current year . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[235.9,804.5,1261.5,874.1],\"text\":\"Additions for tax positions of prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[237.5,843.4,1263.2,913.0],\"text\":\"Additions attributable to acquisitions of businesses . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[239.2,882.2,1264.9,951.8],\"text\":\"Reductions for tax positions of prior years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[240.9,921.1,1266.6,990.7],\"text\":\"Settlements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[242.5,960.0,1268.2,1029.5],\"text\":\"Reductions resulting from a lapse of the applicable statutes of limitations . . . . . . . . . . . .\"}],\"order\":5,\"text\":\"Balance at January 1, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdditions based on tax positions related to the current year . . . . . . . . . . . . . . . . . . . . . . .\\nAdditions for tax positions of prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdditions attributable to acquisitions of businesses . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nReductions for tax positions of prior years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSettlements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nReductions resulting from a lapse of the applicable statutes of limitations . . . . . . . . . . . .\"},{\"bbox\":[1284.9,720.9,1404.8,984.2],\"lines\":[{\"bbox\":[1284.9,721.3,1385.5,751.0],\"text\":\"$ 72,547\"},{\"bbox\":[1323.6,760.2,1387.1,788.3],\"text\":\"9,177\"},{\"bbox\":[1346.0,799.0,1388.7,826.2],\"text\":\"146\"},{\"bbox\":[1326.9,837.9,1390.4,866.0],\"text\":\"1,934\"},{\"bbox\":[1354.1,876.4,1401.4,903.8],\"text\":\"(93)\"},{\"bbox\":[1307.1,915.2,1403.0,944.7],\"text\":\"(11,658)\"},{\"bbox\":[1308.8,954.1,1404.7,983.6],\"text\":\"(22,715)\"}],\"order\":6,\"text\":\"$ 72,547\\n9,177\\n146\\n1,934\\n(93)\\n(11,658)\\n(22,715)\"},{\"bbox\":[244.6,1007.0,1270.3,1076.6],\"lines\":[{\"bbox\":[244.6,1007.0,1270.3,1076.6],\"text\":\"Balance at December 31, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Balance at December 31, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1297.0,1001.5,1397.5,1031.2],\"lines\":[{\"bbox\":[1297.0,1001.5,1397.5,1031.2],\"text\":\"$ 49,338\"}],\"order\":8,\"text\":\"$ 49,338\"},{\"bbox\":[191.9,1064.7,1464.5,1344.4],\"lines\":[{\"bbox\":[247.4,1064.7,1455.6,1142.2],\"text\":\"For the year ended December 31, 2007, the $11.7 million in settlements relates to the completion of IRS audits\"},{\"bbox\":[193.3,1098.1,1457.0,1177.9],\"text\":\"for tax years 2000 to 2004 and the $22.7 million reduction is due to the lapse in certain statutes of limitations for tax\"},{\"bbox\":[194.7,1131.5,1458.3,1211.3],\"text\":\"years 2000 to 2003. Of the total $49.3 million of unrecognized tax benefits as of December 31, 2007, $34.2 million,\"},{\"bbox\":[196.2,1164.6,1460.1,1244.5],\"text\":\"which is net of the federal benefit of state taxes, represents the amount of unrecognized tax benefits that, if\"},{\"bbox\":[197.6,1198.0,1461.6,1277.8],\"text\":\"recognized, would favorably impact the effective income tax rate in future periods. Quanta believes that it is\"},{\"bbox\":[199.1,1231.4,1462.4,1311.2],\"text\":\"reasonably possible that within the next 12 months the total unrecognized tax benefits will decrease by an additional\"},{\"bbox\":[200.5,1278.6,1137.5,1344.4],\"text\":\"$0.5 million to $1.4 million due to the expiration of certain statutes of limitations.\"}],\"order\":9,\"text\":\"For the year ended December 31, 2007, the $11.7 million in settlements relates to the completion of IRS audits\\nfor tax years 2000 to 2004 and the $22.7 million reduction is due to the lapse in certain statutes of limitations for tax\\nyears 2000 to 2003. Of the total $49.3 million of unrecognized tax benefits as of December 31, 2007, $34.2 million,\\nwhich is net of the federal benefit of state taxes, represents the amount of unrecognized tax benefits that, if\\nrecognized, would favorably impact the effective income tax rate in future periods. Quanta believes that it is\\nreasonably possible that within the next 12 months the total unrecognized tax benefits will decrease by an additional\\n$0.5 million to $1.4 million due to the expiration of certain statutes of limitations.\"},{\"bbox\":[202.7,1316.3,1470.6,1496.1],\"lines\":[{\"bbox\":[258.3,1316.3,1466.3,1393.8],\"text\":\"Quanta is subject to income tax in the United States, multiple state jurisdictions and a few foreign jurisdictions.\"},{\"bbox\":[204.1,1349.5,1467.5,1429.4],\"text\":\"Quanta remains open to examination by the IRS for tax years 2004 through 2006 as these statutes of limitations\"},{\"bbox\":[205.6,1382.9,1469.0,1462.7],\"text\":\"have not yet expired. Quanta does not consider any state in which it does business to be a major tax jurisdiction\"},{\"bbox\":[207.0,1461.6,418.1,1496.1],\"text\":\"under FIN No. 48.\"}],\"order\":10,\"text\":\"Quanta is subject to income tax in the United States, multiple state jurisdictions and a few foreign jurisdictions.\\nQuanta remains open to examination by the IRS for tax years 2004 through 2006 as these statutes of limitations\\nhave not yet expired. Quanta does not consider any state in which it does business to be a major tax jurisdiction\\nunder FIN No. 48.\"},{\"bbox\":[209.2,1467.8,1474.4,1581.0],\"lines\":[{\"bbox\":[264.8,1467.8,1473.0,1545.3],\"text\":\"Quanta had approximately $14.6 million and $8.1 million for the payment of interest and penalties accrued at\"},{\"bbox\":[210.7,1504.5,1397.3,1581.0],\"text\":\"December 31, 2006 and 2007. Quanta recognizes interest and penalties within the income tax provision.\"}],\"order\":11,\"text\":\"Quanta had approximately $14.6 million and $8.1 million for the payment of interest and penalties accrued at\\nDecember 31, 2006 and 2007. Quanta recognizes interest and penalties within the income tax provision.\"},{\"bbox\":[213.7,1624.1,249.5,1650.7],\"lines\":[{\"bbox\":[213.7,1624.1,249.5,1650.7],\"text\":\"10.\"}],\"order\":12,\"text\":\"10.\"},{\"bbox\":[276.2,1607.1,644.1,1648.0],\"lines\":[{\"bbox\":[276.2,1607.1,644.1,1648.0],\"text\":\"STOCKHOLDERS’ EQUITY:\"}],\"order\":13,\"text\":\"STOCKHOLDERS’ EQUITY:\"},{\"bbox\":[243.8,1663.8,527.9,1701.1],\"lines\":[{\"bbox\":[243.8,1663.8,527.9,1701.1],\"text\":\"Stockholder Rights Plan\"}],\"order\":14,\"text\":\"Stockholder Rights Plan\"},{\"bbox\":[218.2,1674.6,1489.3,1920.9],\"lines\":[{\"bbox\":[273.7,1674.6,1482.1,1752.0],\"text\":\"Quanta has a stockholder rights plan pursuant to which one right to acquire Series D Junior Preferred Stock, as\"},{\"bbox\":[219.6,1707.7,1483.5,1787.6],\"text\":\"described below, has been issued and attached to each outstanding share of common stock. The following\"},{\"bbox\":[221.0,1741.1,1484.7,1821.0],\"text\":\"description of Quanta’s stockholder rights plan and the certificate of designations setting forth the terms and\"},{\"bbox\":[222.5,1774.5,1486.0,1854.3],\"text\":\"conditions of the Series D Junior Preferred Stock are intended as summaries only and are qualified in their entirety\"},{\"bbox\":[223.9,1807.7,1487.2,1887.5],\"text\":\"by reference to the form of stockholder rights plan and certificate of designations to the certificate of incorporation\"},{\"bbox\":[225.3,1886.0,445.4,1920.9],\"text\":\"filed with the SEC.\"}],\"order\":15,\"text\":\"Quanta has a stockholder rights plan pursuant to which one right to acquire Series D Junior Preferred Stock, as\\ndescribed below, has been issued and attached to each outstanding share of common stock. The following\\ndescription of Quanta’s stockholder rights plan and the certificate of designations setting forth the terms and\\nconditions of the Series D Junior Preferred Stock are intended as summaries only and are qualified in their entirety\\nby reference to the form of stockholder rights plan and certificate of designations to the certificate of incorporation\\nfiled with the SEC.\"},{\"bbox\":[227.6,1892.8,1493.0,2005.8],\"lines\":[{\"bbox\":[283.1,1892.8,1491.5,1970.2],\"text\":\"Until a distribution date occurs, the rights can be transferred only with the common stock. On the occurrence of\"},{\"bbox\":[229.0,1926.0,1493.0,2005.8],\"text\":\"a distribution date, the rights will separate from the common stock and become exercisable as described below.\"}],\"order\":16,\"text\":\"Until a distribution date occurs, the rights can be transferred only with the common stock. On the occurrence of\\na distribution date, the rights will separate from the common stock and become exercisable as described below.\"},{\"bbox\":[849.4,2019.3,878.3,2045.9],\"lines\":[{\"bbox\":[849.4,2019.3,878.3,2045.9],\"text\":\"85\"}],\"order\":17,\"text\":\"85\"}],\"doc\":\"fintabnet:PWR_2007\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nIn assessing the value of deferred tax assets, Quanta considers whether it was more likely than not that some or\\nall of the deferred tax assets would not be realized. The ultimate realization of deferred tax assets is dependent upon\\nthe generation of future taxable income during the periods in which those temporary differences become deductible.\\nQuanta considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning\\nstrategies in making this assessment. Based upon these considerations, Quanta provides a valuation allowance to\\nreduce the carrying value of certain of its deferred tax assets to their net expected realizable value.\\n\\nQuanta has not provided for U.S. deferred income taxes or foreign withholding taxes for undistributed\\nearnings of its non-U.S. subsidiaries as of December 31, 2007, since Quanta intends to reinvest these earnings\\nindefinitely. It is not practicable to determine the amount of the related unrecognized deferred income tax liability.\\n\\nAs discussed in Note 2, Quanta adopted FIN No. 48 on January 1, 2007. A reconciliation of the beginning and\\nending balances of unrecognized tax liabilities is as follows (in thousands):\\n\\n| Balance at January 1, 2007 | $72,547 |\\n| --- | --- |\\n| Additions based on tax positions related to the current year | 9,177 |\\n| Additions for tax positions of prior years | 146 |\\n| Additions attributable to acquisitions of businesses | 1,934 |\\n| Reductions for tax positions of prior years | (93) |\\n| Settlements | (11,658) |\\n| Reductions resulting from a lapse of the applicable statutes of limitations | (22,715) |\\n| Balance at December 31, 2007 | $49,338 |\\n\\nFor the year ended December 31, 2007, the $11.7 million in settlements relates to the completion of IRS audits\\nfor tax years 2000 to 2004 and the $22.7 million reduction is due to the lapse in certain statutes of limitations for tax\\nyears 2000 to 2003. Of the total $49.3 million of unrecognized tax benefits as of December 31, 2007, $34.2 million,\\nwhich is net of the federal benefit of state taxes, represents the amount of unrecognized tax benefits that, if\\nrecognized, would favorably impact the effective income tax rate in future periods. Quanta believes that it is\\nreasonably possible that within the next 12 months the total unrecognized tax benefits will decrease by an additional\\n$0.5 million to $1.4 million due to the expiration of certain statutes of limitations.\\n\\nQuanta is subject to income tax in the United States, multiple state jurisdictions and a few foreign jurisdictions.\\nQuanta remains open to examination by the IRS for tax years 2004 through 2006 as these statutes of limitations\\nhave not yet expired. Quanta does not consider any state in which it does business to be a major tax jurisdiction\\nunder FIN No. 48.\\n\\nQuanta had approximately $14.6 million and $8.1 million for the payment of interest and penalties accrued at\\nDecember 31, 2006 and 2007. Quanta recognizes interest and penalties within the income tax provision.\\n\\n10.\\n\\nSTOCKHOLDERS’ EQUITY:\\n\\nStockholder Rights Plan\\n\\nQuanta has a stockholder rights plan pursuant to which one right to acquire Series D Junior Preferred Stock, as\\ndescribed below, has been issued and attached to each outstanding share of common stock. The following\\ndescription of Quanta’s stockholder rights plan and the certificate of designations setting forth the terms and\\nconditions of the Series D Junior Preferred Stock are intended as summaries only and are qualified in their entirety\\nby reference to the form of stockholder rights plan and certificate of designations to the certificate of incorporation\\nfiled with the SEC.\\n\\nUntil a distribution date occurs, the rights can be transferred only with the common stock. On the occurrence of\\na distribution date, the rights will separate from the common stock and become exercisable as described below.\\n\\n85\",\"name\":\"fintabnet.PWR_2007_page_101__200dpi_heavy\",\"page_id\":\"fintabnet.PWR_2007_page_101\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.468,\"source\":\"fintabnet\",\"source_id\":\"PWR_2007_page_101\",\"stack\":[{\"deg\":2.468,\"op\":\"skew\"},{\"amp\":0.345,\"angle\":14.7,\"blob\":0.729,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.754},{\"op\":\"noise\",\"sigma\":16.075},{\"gain\":0.622,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":31}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[232.3,715.4,1406.8,1076.6],\"block_orders\":[5,6,7,8],\"cells\":[{\"bbox\":[232.4,755.3,542.1,796.4],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\"Balance at January 1, 2007\"},{\"bbox\":[1284.8,719.0,1385.5,751.0],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"$72,547\"},{\"bbox\":[234.1,778.4,908.9,835.3],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Additions based on tax positions related to the current year\"},{\"bbox\":[1323.4,757.8,1387.1,788.3],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"9,177\"},{\"bbox\":[235.7,825.8,712.1,874.1],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Additions for tax positions of prior years\"},{\"bbox\":[1345.9,796.7,1388.7,826.3],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"146\"},{\"bbox\":[237.4,860.4,814.3,913.0],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Additions attributable to acquisitions of businesses\"},{\"bbox\":[1326.8,835.5,1390.4,866.0],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"1,934\"},{\"bbox\":[239.1,902.9,730.7,951.8],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Reductions for tax positions of prior years\"},{\"bbox\":[1354.0,874.0,1401.4,903.8],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"(93)\"},{\"bbox\":[240.8,956.9,381.2,990.7],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Settlements\"},{\"bbox\":[1307.0,912.9,1403.0,944.7],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"(11,658)\"},{\"bbox\":[242.4,965.9,1076.2,1029.5],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Reductions resulting from a lapse of the applicable statutes of limitations\"},{\"bbox\":[1308.7,951.7,1404.7,983.6],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"(22,715)\"},{\"bbox\":[244.5,1033.7,596.0,1076.6],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Balance at December 31, 2007\"},{\"bbox\":[1296.9,999.2,1397.6,1031.2],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"$49,338\"}]}],\"text\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nIn assessing the value of deferred tax assets, Quanta considers whether it was more likely than not that some or\\nall of the deferred tax assets would not be realized. The ultimate realization of deferred tax assets is dependent upon\\nthe generation of future taxable income during the periods in which those temporary differences become deductible.\\nQuanta considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning\\nstrategies in making this assessment. Based upon these considerations, Quanta provides a valuation allowance to\\nreduce the carrying value of certain of its deferred tax assets to their net expected realizable value.\\n\\nQuanta has not provided for U.S. deferred income taxes or foreign withholding taxes for undistributed\\nearnings of its non-U.S. subsidiaries as of December 31, 2007, since Quanta intends to reinvest these earnings\\nindefinitely. It is not practicable to determine the amount of the related unrecognized deferred income tax liability.\\n\\nAs discussed in Note 2, Quanta adopted FIN No. 48 on January 1, 2007. A reconciliation of the beginning and\\nending balances of unrecognized tax liabilities is as follows (in thousands):\\n\\nBalance at January 1, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdditions based on tax positions related to the current year . . . . . . . . . . . . . . . . . . . . . . .\\nAdditions for tax positions of prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAdditions attributable to acquisitions of businesses . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nReductions for tax positions of prior years. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSettlements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nReductions resulting from a lapse of the applicable statutes of limitations . . . . . . . . . . . .\\n\\n$ 72,547\\n9,177\\n146\\n1,934\\n(93)\\n(11,658)\\n(22,715)\\n\\nBalance at December 31, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 49,338\\n\\nFor the year ended December 31, 2007, the $11.7 million in settlements relates to the completion of IRS audits\\nfor tax years 2000 to 2004 and the $22.7 million reduction is due to the lapse in certain statutes of limitations for tax\\nyears 2000 to 2003. Of the total $49.3 million of unrecognized tax benefits as of December 31, 2007, $34.2 million,\\nwhich is net of the federal benefit of state taxes, represents the amount of unrecognized tax benefits that, if\\nrecognized, would favorably impact the effective income tax rate in future periods. Quanta believes that it is\\nreasonably possible that within the next 12 months the total unrecognized tax benefits will decrease by an additional\\n$0.5 million to $1.4 million due to the expiration of certain statutes of limitations.\\n\\nQuanta is subject to income tax in the United States, multiple state jurisdictions and a few foreign jurisdictions.\\nQuanta remains open to examination by the IRS for tax years 2004 through 2006 as these statutes of limitations\\nhave not yet expired. Quanta does not consider any state in which it does business to be a major tax jurisdiction\\nunder FIN No. 48.\\n\\nQuanta had approximately $14.6 million and $8.1 million for the payment of interest and penalties accrued at\\nDecember 31, 2006 and 2007. Quanta recognizes interest and penalties within the income tax provision.\\n\\n10.\\n\\nSTOCKHOLDERS’ EQUITY:\\n\\nStockholder Rights Plan\\n\\nQuanta has a stockholder rights plan pursuant to which one right to acquire Series D Junior Preferred Stock, as\\ndescribed below, has been issued and attached to each outstanding share of common stock. The following\\ndescription of Quanta’s stockholder rights plan and the certificate of designations setting forth the terms and\\nconditions of the Series D Junior Preferred Stock are intended as summaries only and are qualified in their entirety\\nby reference to the form of stockholder rights plan and certificate of designations to the certificate of incorporation\\nfiled with the SEC.\\n\\nUntil a distribution date occurs, the rights can be transferred only with the common stock. On the occurrence of\\na distribution date, the rights will separate from the common stock and become exercisable as described below.\\n\\n85\"},\"name\":\"fintabnet.PWR_2007_page_101__200dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":215480,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:PWR_2007\",\"dpi\":200,\"gt_sha256\":\"d4898f82ce10a4e6a9abe8c23906b477ba71993f52e2e54aaef36baa6fc53eb2\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PWR_2007_page_101__200dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.PWR_2007_page_101\",\"pdf_sha256\":\"a0ab221d54dbb3d67a10453fc95b0106d647c09019a562f7e51277271c19b08c\",\"px\":[1700,2200],\"scan\":{\"render\":\"000100401f003e000f003c001c01000d3fff3fff3fff3fff1fff3fff1fff00ff\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"PWR_2007_page_101\",\"src\":{\"file_sha256\":\"5219b77987dead15439ce86bb891e692117cbbe2b31f40337a1d0f2dd258e7ca\",\"render\":\"000007e03ffc3ff83ffc3f003e003c083ffc3ff83ffc3c003ffc3ff81fe80000\",\"text\":\"f70fc3149265ebe43a5e7e9492a122a7b29963eedaab0e7f29c20e6bbcb1d073\"},\"stack\":[{\"deg\":2.468,\"op\":\"skew\"},{\"amp\":0.345,\"angle\":14.7,\"blob\":0.729,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.754},{\"op\":\"noise\",\"sigma\":16.075},{\"gain\":0.622,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":31}],\"tools\":\"21647cade0ee\"},\"sha256\":\"a0ab221d54dbb3d67a10453fc95b0106d647c09019a562f7e51277271c19b08c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/a0ab221d54dbb3d67a10453fc95b0106d647c09019a562f7e51277271c19b08c.pdf","asset_sha256":"a0ab221d54dbb3d67a10453fc95b0106d647c09019a562f7e51277271c19b08c","document_id":"fintabnet:PWR_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PWR_2007_page_101\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PWR_2007_page_107\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PWR_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[811.6,298.9,1726.1,359.2],\"lines\":[{\"bbox\":[811.6,298.9,1726.1,359.2],\"text\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\"},{\"bbox\":[579.0,368.3,1954.2,439.9],\"lines\":[{\"bbox\":[579.0,368.3,1954.2,439.9],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"},{\"bbox\":[311.8,464.4,2211.8,699.3],\"lines\":[{\"bbox\":[315.5,464.4,2211.8,549.4],\"text\":\"and $25.72, respectively. During the years ended December 31, 2005, 2006 and 2007, 1.1 million, 1.2 million and\"},{\"bbox\":[314.3,514.2,2210.4,599.2],\"text\":\"0.7 million shares vested with an approximate fair value at the time of vesting of $8.9 million, $16.9 million and\"},{\"bbox\":[313.1,564.3,2209.1,649.3],\"text\":\"$16.9 million, respectively. Vested amounts in 2007 include restricted shares that vested under the InfraSource\"},{\"bbox\":[311.8,614.3,786.3,664.2],\"text\":\"Plans following the Merger.\"}],\"order\":2,\"text\":\"and $25.72, respectively. During the years ended December 31, 2005, 2006 and 2007, 1.1 million, 1.2 million and\\n0.7 million shares vested with an approximate fair value at the time of vesting of $8.9 million, $16.9 million and\\n$16.9 million, respectively. Vested amounts in 2007 include restricted shares that vested under the InfraSource\\nPlans following the Merger.\"},{\"bbox\":[308.7,692.7,2206.3,827.8],\"lines\":[{\"bbox\":[393.3,694.8,2206.3,777.7],\"text\":\"A summary of the restricted stock activity for the year ended December 31, 2007 is as follows (shares in\"},{\"bbox\":[308.7,742.8,501.7,785.7],\"text\":\"thousands):\"}],\"order\":3,\"text\":\"A summary of the restricted stock activity for the year ended December 31, 2007 is as follows (shares in\\nthousands):\"},{\"bbox\":[1793.3,980.5,1890.3,1013.0],\"lines\":[{\"bbox\":[1793.3,980.5,1890.3,1013.0],\"text\":\"Shares\"}],\"order\":4,\"text\":\"Shares\"},{\"bbox\":[1951.5,851.2,2120.2,1018.6],\"lines\":[{\"bbox\":[1969.7,851.6,2105.3,885.1],\"text\":\"Weighted\"},{\"bbox\":[1978.5,885.1,2094.4,918.1],\"text\":\"Average\"},{\"bbox\":[1953.1,917.8,2118.5,952.0],\"text\":\"Grant Date\"},{\"bbox\":[1958.7,951.3,2111.3,985.2],\"text\":\"Fair Value\"},{\"bbox\":[1954.6,984.5,2114.1,1018.5],\"text\":\"(per share)\"}],\"order\":5,\"text\":\"Weighted\\nAverage\\nGrant Date\\nFair Value\\n(per share)\"},{\"bbox\":[379.7,1010.8,1750.9,1316.0],\"lines\":[{\"bbox\":[385.4,1010.8,1750.9,1082.7],\"text\":\"Unvested at January 1, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[425.8,1070.1,1749.5,1141.0],\"text\":\"Granted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[424.4,1128.5,1748.0,1199.3],\"text\":\"Conversion of InfraSource restricted stock to Quanta restricted stock . . . . . . .\"},{\"bbox\":[422.9,1186.8,1746.6,1257.6],\"text\":\"Vested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[421.5,1245.1,1745.1,1316.0],\"text\":\"Forfeited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Unvested at January 1, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGranted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConversion of InfraSource restricted stock to Quanta restricted stock . . . . . . .\\nVested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nForfeited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1786.9,1045.6,1901.1,1319.7],\"lines\":[{\"bbox\":[1792.7,1045.6,1887.3,1086.0],\"text\":\"1,298\"},{\"bbox\":[1822.4,1104.7,1885.8,1144.4],\"text\":\"434\"},{\"bbox\":[1820.9,1163.0,1884.4,1202.7],\"text\":\"183\"},{\"bbox\":[1805.6,1221.0,1896.7,1261.3],\"text\":\"(732)\"},{\"bbox\":[1824.9,1279.8,1895.2,1319.7],\"text\":\"(54)\"}],\"order\":7,\"text\":\"1,298\\n434\\n183\\n(732)\\n(54)\"},{\"bbox\":[1968.9,1050.1,2090.2,1324.4],\"lines\":[{\"bbox\":[1974.7,1050.1,2090.2,1091.0],\"text\":\"$10.85\"},{\"bbox\":[1973.3,1108.4,2088.8,1149.4],\"text\":\"$25.72\"},{\"bbox\":[1971.8,1166.7,2087.3,1207.7],\"text\":\"$27.39\"},{\"bbox\":[1970.4,1225.0,2085.9,1266.0],\"text\":\"$11.98\"},{\"bbox\":[1968.9,1283.4,2084.4,1324.3],\"text\":\"$17.37\"}],\"order\":8,\"text\":\"$10.85\\n$25.72\\n$27.39\\n$11.98\\n$17.37\"},{\"bbox\":[377.9,1314.9,1743.4,1386.8],\"lines\":[{\"bbox\":[377.9,1314.9,1743.4,1386.8],\"text\":\"Unvested at December 31, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"Unvested at December 31, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1785.2,1349.7,1879.7,1390.2],\"lines\":[{\"bbox\":[1785.2,1349.7,1879.7,1390.2],\"text\":\"1,129\"}],\"order\":10,\"text\":\"1,129\"},{\"bbox\":[1967.2,1354.2,2082.7,1395.2],\"lines\":[{\"bbox\":[1967.2,1354.2,2082.7,1395.2],\"text\":\"$15.84\"}],\"order\":11,\"text\":\"$15.84\"},{\"bbox\":[289.6,1412.3,2188.3,1597.2],\"lines\":[{\"bbox\":[375.5,1414.3,2188.3,1497.3],\"text\":\"As of December 31, 2007, there was approximately $12.1 million of total unrecognized compensation cost\"},{\"bbox\":[290.9,1462.3,2187.0,1547.3],\"text\":\"related to unvested restricted stock granted to both employees and non-employees. That cost is expected to be\"},{\"bbox\":[289.6,1512.2,1267.6,1574.5],\"text\":\"recognized over a weighted average period of 1.52 years.\"}],\"order\":12,\"text\":\"As of December 31, 2007, there was approximately $12.1 million of total unrecognized compensation cost\\nrelated to unvested restricted stock granted to both employees and non-employees. That cost is expected to be\\nrecognized over a weighted average period of 1.52 years.\"},{\"bbox\":[276.6,1590.8,2184.1,2125.7],\"lines\":[{\"bbox\":[371.1,1592.9,2184.0,1675.8],\"text\":\"Compensation expense is measured based on the fair value of the restricted stock and is recognized on a\"},{\"bbox\":[286.5,1640.6,2182.8,1725.6],\"text\":\"straight-line basis over the requisite service period, which is the vesting period. The fair value of the restricted stock\"},{\"bbox\":[285.2,1690.7,2181.6,1775.7],\"text\":\"is determined based on the number of shares granted and the closing price of Quanta’s common stock on the date of\"},{\"bbox\":[284.0,1740.8,2180.2,1825.8],\"text\":\"grant. The adoption of SFAS No. 123(R) requires estimating future forfeitures in determining the period expense,\"},{\"bbox\":[282.8,1790.6,2178.2,1875.6],\"text\":\"rather than recording forfeitures when they occur as previously permitted. Quanta uses historical data to estimate\"},{\"bbox\":[281.5,1840.6,2177.5,1925.6],\"text\":\"the forfeiture rate. The effect of estimating forfeitures in determining the period expense, rather than recording\"},{\"bbox\":[280.3,1890.7,2176.4,1975.7],\"text\":\"forfeitures as they actually occurred, was not significant. During the years ended December 31, 2005, 2006 and\"},{\"bbox\":[279.1,1940.5,2175.2,2025.5],\"text\":\"2007, Quanta recorded non-cash compensation expense with respect to restricted stock in the amount of\"},{\"bbox\":[277.8,1990.6,2173.4,2075.6],\"text\":\"$5.0 million, $6.0 million and $7.9 million, respectively, and a related income tax benefit of $1.9 million,\"},{\"bbox\":[276.6,2040.7,1011.7,2097.0],\"text\":\"$2.4 million and $3.7 million, respectively.\"}],\"order\":13,\"text\":\"Compensation expense is measured based on the fair value of the restricted stock and is recognized on a\\nstraight-line basis over the requisite service period, which is the vesting period. The fair value of the restricted stock\\nis determined based on the number of shares granted and the closing price of Quanta’s common stock on the date of\\ngrant. The adoption of SFAS No. 123(R) requires estimating future forfeitures in determining the period expense,\\nrather than recording forfeitures when they occur as previously permitted. Quanta uses historical data to estimate\\nthe forfeiture rate. The effect of estimating forfeitures in determining the period expense, rather than recording\\nforfeitures as they actually occurred, was not significant. During the years ended December 31, 2005, 2006 and\\n2007, Quanta recorded non-cash compensation expense with respect to restricted stock in the amount of\\n$5.0 million, $6.0 million and $7.9 million, respectively, and a related income tax benefit of $1.9 million,\\n$2.4 million and $3.7 million, respectively.\"},{\"bbox\":[268.5,2119.1,2171.1,2454.1],\"lines\":[{\"bbox\":[358.0,2121.1,2170.8,2204.1],\"text\":\"The estimate of unrecognized compensation cost uses the expected forfeiture rate; however, the estimate may\"},{\"bbox\":[273.4,2169.1,2169.7,2254.1],\"text\":\"not necessarily represent the value that will ultimately be realized as compensation expense. As of December 31,\"},{\"bbox\":[272.2,2219.2,2168.7,2304.2],\"text\":\"2005, unrecognized compensation expense related to unvested shares of restricted stock granted to employees was\"},{\"bbox\":[270.9,2269.0,2167.3,2354.0],\"text\":\"recorded as deferred compensation in stockholders’ equity. As part of the adoption of SFAS No. 123(R),\"},{\"bbox\":[269.7,2319.1,2165.6,2404.1],\"text\":\"$6.4 million of deferred compensation was reversed against additional paid-in capital during the first quarter\"},{\"bbox\":[268.5,2369.1,411.3,2410.8],\"text\":\"of 2006.\"}],\"order\":14,\"text\":\"The estimate of unrecognized compensation cost uses the expected forfeiture rate; however, the estimate may\\nnot necessarily represent the value that will ultimately be realized as compensation expense. As of December 31,\\n2005, unrecognized compensation expense related to unvested shares of restricted stock granted to employees was\\nrecorded as deferred compensation in stockholders’ equity. As part of the adoption of SFAS No. 123(R),\\n$6.4 million of deferred compensation was reversed against additional paid-in capital during the first quarter\\nof 2006.\"},{\"bbox\":[307.6,2477.1,872.2,2528.7],\"lines\":[{\"bbox\":[307.6,2477.1,872.2,2528.7],\"text\":\"Employee Stock Purchase Plans\"}],\"order\":15,\"text\":\"Employee Stock Purchase Plans\"},{\"bbox\":[255.2,2554.7,2160.4,2989.5],\"lines\":[{\"bbox\":[347.2,2556.8,2160.4,2639.8],\"text\":\"The 1999 Employee Stock Purchase Plan (the ESPP) was adopted by the Board of Directors of Quanta and was\"},{\"bbox\":[262.6,2604.6,2158.7,2689.6],\"text\":\"approved by the stockholders of Quanta in May 1999. The ESPP was terminated during 2005. The purpose of the\"},{\"bbox\":[261.4,2654.6,2157.9,2739.6],\"text\":\"ESPP was to provide an incentive for employees of Quanta and any Participating Company (as defined in the ESPP)\"},{\"bbox\":[260.2,2704.7,2156.5,2789.7],\"text\":\"to acquire or increase a proprietary interest in Quanta through the purchase of shares of Quanta’s common stock.\"},{\"bbox\":[258.9,2754.5,2154.6,2839.5],\"text\":\"The ESPP was intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal\"},{\"bbox\":[257.7,2804.6,2153.6,2889.6],\"text\":\"Revenue Code of 1986, as amended (the Code). The provisions of the ESPP were construed in a manner consistent\"},{\"bbox\":[256.5,2854.6,2152.3,2939.6],\"text\":\"with the requirements of that section of the Code. The ESPP was administered by a committee, appointed from time\"},{\"bbox\":[255.2,2904.5,2150.5,2989.5],\"text\":\"to time, by the Board of Directors. The ESPP was not subject to any of the provisions of the Employee Retirement\"}],\"order\":16,\"text\":\"The 1999 Employee Stock Purchase Plan (the ESPP) was adopted by the Board of Directors of Quanta and was\\napproved by the stockholders of Quanta in May 1999. The ESPP was terminated during 2005. The purpose of the\\nESPP was to provide an incentive for employees of Quanta and any Participating Company (as defined in the ESPP)\\nto acquire or increase a proprietary interest in Quanta through the purchase of shares of Quanta’s common stock.\\nThe ESPP was intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal\\nRevenue Code of 1986, as amended (the Code). The provisions of the ESPP were construed in a manner consistent\\nwith the requirements of that section of the Code. The ESPP was administered by a committee, appointed from time\\nto time, by the Board of Directors. The ESPP was not subject to any of the provisions of the Employee Retirement\"},{\"bbox\":[1179.6,3027.5,1222.2,3066.7],\"lines\":[{\"bbox\":[1179.6,3027.5,1222.2,3066.7],\"text\":\"91\"}],\"order\":17,\"text\":\"91\"}],\"doc\":\"fintabnet:PWR_2007\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nand $25.72, respectively. During the years ended December 31, 2005, 2006 and 2007, 1.1 million, 1.2 million and\\n0.7 million shares vested with an approximate fair value at the time of vesting of $8.9 million, $16.9 million and\\n$16.9 million, respectively. Vested amounts in 2007 include restricted shares that vested under the InfraSource\\nPlans following the Merger.\\n\\nA summary of the restricted stock activity for the year ended December 31, 2007 is as follows (shares in\\nthousands):\\n\\nShares\\n\\nWeighted\\nAverage\\nGrant Date\\nFair Value\\n(per share)\\n\\nUnvested at January 1, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGranted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConversion of InfraSource restricted stock to Quanta restricted stock . . . . . . .\\nVested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nForfeited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,298\\n434\\n183\\n(732)\\n(54)\\n\\n$10.85\\n$25.72\\n$27.39\\n$11.98\\n$17.37\\n\\nUnvested at December 31, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,129\\n\\n$15.84\\n\\nAs of December 31, 2007, there was approximately $12.1 million of total unrecognized compensation cost\\nrelated to unvested restricted stock granted to both employees and non-employees. That cost is expected to be\\nrecognized over a weighted average period of 1.52 years.\\n\\nCompensation expense is measured based on the fair value of the restricted stock and is recognized on a\\nstraight-line basis over the requisite service period, which is the vesting period. The fair value of the restricted stock\\nis determined based on the number of shares granted and the closing price of Quanta’s common stock on the date of\\ngrant. The adoption of SFAS No. 123(R) requires estimating future forfeitures in determining the period expense,\\nrather than recording forfeitures when they occur as previously permitted. Quanta uses historical data to estimate\\nthe forfeiture rate. The effect of estimating forfeitures in determining the period expense, rather than recording\\nforfeitures as they actually occurred, was not significant. During the years ended December 31, 2005, 2006 and\\n2007, Quanta recorded non-cash compensation expense with respect to restricted stock in the amount of\\n$5.0 million, $6.0 million and $7.9 million, respectively, and a related income tax benefit of $1.9 million,\\n$2.4 million and $3.7 million, respectively.\\n\\nThe estimate of unrecognized compensation cost uses the expected forfeiture rate; however, the estimate may\\nnot necessarily represent the value that will ultimately be realized as compensation expense. As of December 31,\\n2005, unrecognized compensation expense related to unvested shares of restricted stock granted to employees was\\nrecorded as deferred compensation in stockholders’ equity. As part of the adoption of SFAS No. 123(R),\\n$6.4 million of deferred compensation was reversed against additional paid-in capital during the first quarter\\nof 2006.\\n\\nEmployee Stock Purchase Plans\\n\\nThe 1999 Employee Stock Purchase Plan (the ESPP) was adopted by the Board of Directors of Quanta and was\\napproved by the stockholders of Quanta in May 1999. The ESPP was terminated during 2005. The purpose of the\\nESPP was to provide an incentive for employees of Quanta and any Participating Company (as defined in the ESPP)\\nto acquire or increase a proprietary interest in Quanta through the purchase of shares of Quanta’s common stock.\\nThe ESPP was intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal\\nRevenue Code of 1986, as amended (the Code). The provisions of the ESPP were construed in a manner consistent\\nwith the requirements of that section of the Code. The ESPP was administered by a committee, appointed from time\\nto time, by the Board of Directors. The ESPP was not subject to any of the provisions of the Employee Retirement\\n\\n91\",\"name\":\"fintabnet.PWR_2007_page_107__300dpi_medium\",\"page_id\":\"fintabnet.PWR_2007_page_107\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.416,\"source\":\"fintabnet\",\"source_id\":\"PWR_2007_page_107\",\"stack\":[{\"deg\":-1.416,\"op\":\"skew\"},{\"amp\":0.158,\"angle\":184.2,\"blob\":0.428,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.631},{\"op\":\"noise\",\"sigma\":8.517},{\"gain\":0.81,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":56}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[377.9,804.7,2120.4,1395.9],\"block_orders\":[4,5,6,7,8,9,10,11],\"cells\":null}],\"text\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nand $25.72, respectively. During the years ended December 31, 2005, 2006 and 2007, 1.1 million, 1.2 million and\\n0.7 million shares vested with an approximate fair value at the time of vesting of $8.9 million, $16.9 million and\\n$16.9 million, respectively. Vested amounts in 2007 include restricted shares that vested under the InfraSource\\nPlans following the Merger.\\n\\nA summary of the restricted stock activity for the year ended December 31, 2007 is as follows (shares in\\nthousands):\\n\\nShares\\n\\nWeighted\\nAverage\\nGrant Date\\nFair Value\\n(per share)\\n\\nUnvested at January 1, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGranted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nConversion of InfraSource restricted stock to Quanta restricted stock . . . . . . .\\nVested . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nForfeited . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,298\\n434\\n183\\n(732)\\n(54)\\n\\n$10.85\\n$25.72\\n$27.39\\n$11.98\\n$17.37\\n\\nUnvested at December 31, 2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n1,129\\n\\n$15.84\\n\\nAs of December 31, 2007, there was approximately $12.1 million of total unrecognized compensation cost\\nrelated to unvested restricted stock granted to both employees and non-employees. That cost is expected to be\\nrecognized over a weighted average period of 1.52 years.\\n\\nCompensation expense is measured based on the fair value of the restricted stock and is recognized on a\\nstraight-line basis over the requisite service period, which is the vesting period. The fair value of the restricted stock\\nis determined based on the number of shares granted and the closing price of Quanta’s common stock on the date of\\ngrant. The adoption of SFAS No. 123(R) requires estimating future forfeitures in determining the period expense,\\nrather than recording forfeitures when they occur as previously permitted. Quanta uses historical data to estimate\\nthe forfeiture rate. The effect of estimating forfeitures in determining the period expense, rather than recording\\nforfeitures as they actually occurred, was not significant. During the years ended December 31, 2005, 2006 and\\n2007, Quanta recorded non-cash compensation expense with respect to restricted stock in the amount of\\n$5.0 million, $6.0 million and $7.9 million, respectively, and a related income tax benefit of $1.9 million,\\n$2.4 million and $3.7 million, respectively.\\n\\nThe estimate of unrecognized compensation cost uses the expected forfeiture rate; however, the estimate may\\nnot necessarily represent the value that will ultimately be realized as compensation expense. As of December 31,\\n2005, unrecognized compensation expense related to unvested shares of restricted stock granted to employees was\\nrecorded as deferred compensation in stockholders’ equity. As part of the adoption of SFAS No. 123(R),\\n$6.4 million of deferred compensation was reversed against additional paid-in capital during the first quarter\\nof 2006.\\n\\nEmployee Stock Purchase Plans\\n\\nThe 1999 Employee Stock Purchase Plan (the ESPP) was adopted by the Board of Directors of Quanta and was\\napproved by the stockholders of Quanta in May 1999. The ESPP was terminated during 2005. The purpose of the\\nESPP was to provide an incentive for employees of Quanta and any Participating Company (as defined in the ESPP)\\nto acquire or increase a proprietary interest in Quanta through the purchase of shares of Quanta’s common stock.\\nThe ESPP was intended to qualify as an “Employee Stock Purchase Plan” under Section 423 of the Internal\\nRevenue Code of 1986, as amended (the Code). The provisions of the ESPP were construed in a manner consistent\\nwith the requirements of that section of the Code. The ESPP was administered by a committee, appointed from time\\nto time, by the Board of Directors. The ESPP was not subject to any of the provisions of the Employee Retirement\\n\\n91\"},\"name\":\"fintabnet.PWR_2007_page_107__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":780985,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:PWR_2007\",\"dpi\":300,\"gt_sha256\":\"a411f059fd04169fc3acf8b64965f6c68e60ea024889dad5eb2c52247396603e\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PWR_2007_page_107__300dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.PWR_2007_page_107\",\"pdf_sha256\":\"efddbc623495e0860fa7af68378c84119a931f1e808f0f9d7fad55b58028a853\",\"px\":[2550,3300],\"scan\":{\"render\":\"80009fe0fff8f8008008b80030003f007ffc7ffc7e0078387c007ffc7fd00000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"PWR_2007_page_107\",\"src\":{\"file_sha256\":\"c2ed03ee649b789a985359412d8bdb576235b81910b1f6139e808d5c6e7c077b\",\"render\":\"000007e03ffc38000008381810103ffc3ffc3ffc3ffc3ff83ff83ffc3ff80000\",\"text\":\"edf1accc03fbe14aee2751282c1f435dec0f261e2f0a958c216c5d28fcd30aec\"},\"stack\":[{\"deg\":-1.416,\"op\":\"skew\"},{\"amp\":0.158,\"angle\":184.2,\"blob\":0.428,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.631},{\"op\":\"noise\",\"sigma\":8.517},{\"gain\":0.81,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":56}],\"tools\":\"21647cade0ee\"},\"sha256\":\"efddbc623495e0860fa7af68378c84119a931f1e808f0f9d7fad55b58028a853\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/efddbc623495e0860fa7af68378c84119a931f1e808f0f9d7fad55b58028a853.pdf","asset_sha256":"efddbc623495e0860fa7af68378c84119a931f1e808f0f9d7fad55b58028a853","document_id":"fintabnet:PWR_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PWR_2007_page_107\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PWR_2007_page_43\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PWR_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[104.0,95.8,739.9,223.8],\"lines\":[{\"bbox\":[134.2,96.4,739.8,123.8],\"text\":\"We are from time to time a party to various lawsuits, claims and other legal proceedings that arise in the\"},{\"bbox\":[106.0,112.4,739.4,140.5],\"text\":\"ordinary course of business. These actions typically seek, among other things, compensation for alleged personal\"},{\"bbox\":[105.6,129.1,739.1,157.2],\"text\":\"injury, breach of contract and/or property damages, punitive damages, civil penalties or other losses, or injunctive or\"},{\"bbox\":[105.2,145.7,738.6,173.8],\"text\":\"declaratory relief. With respect to all such lawsuits, claims and proceedings, we record reserves when it is probable\"},{\"bbox\":[104.8,162.4,738.3,190.5],\"text\":\"that a liability has been incurred and the amount of loss can be reasonably estimated. We do not believe that any of\"},{\"bbox\":[104.4,179.1,737.8,207.2],\"text\":\"these proceedings, separately or in the aggregate, would be expected to have a material adverse effect on our\"},{\"bbox\":[104.0,195.7,408.8,215.8],\"text\":\"financial position, results of operations or cash flows.\"}],\"order\":0,\"text\":\"We are from time to time a party to various lawsuits, claims and other legal proceedings that arise in the\\nordinary course of business. These actions typically seek, among other things, compensation for alleged personal\\ninjury, breach of contract and/or property damages, punitive damages, civil penalties or other losses, or injunctive or\\ndeclaratory relief. With respect to all such lawsuits, claims and proceedings, we record reserves when it is probable\\nthat a liability has been incurred and the amount of loss can be reasonably estimated. We do not believe that any of\\nthese proceedings, separately or in the aggregate, would be expected to have a material adverse effect on our\\nfinancial position, results of operations or cash flows.\"},{\"bbox\":[103.0,236.6,155.2,250.4],\"lines\":[{\"bbox\":[103.0,236.6,155.2,250.4],\"text\":\"ITEM 4.\"}],\"order\":1,\"text\":\"ITEM 4.\"},{\"bbox\":[168.8,238.2,473.4,258.1],\"lines\":[{\"bbox\":[168.8,238.2,473.4,258.1],\"text\":\"Submission of Matters to a Vote of Security Holders\"}],\"order\":2,\"text\":\"Submission of Matters to a Vote of Security Holders\"},{\"bbox\":[101.9,265.3,735.6,310.0],\"lines\":[{\"bbox\":[130.1,266.0,735.6,293.4],\"text\":\"During the fourth quarter of the year covered by this report, no matters were submitted to a vote of our security\"},{\"bbox\":[101.9,281.9,421.6,302.4],\"text\":\"holders, through the solicitation of proxies or otherwise.\"}],\"order\":3,\"text\":\"During the fourth quarter of the year covered by this report, no matters were submitted to a vote of our security\\nholders, through the solicitation of proxies or otherwise.\"},{\"bbox\":[391.5,341.9,443.4,355.7],\"lines\":[{\"bbox\":[391.5,341.9,443.4,355.7],\"text\":\"PART II\"}],\"order\":4,\"text\":\"PART II\"},{\"bbox\":[99.7,375.6,151.9,389.4],\"lines\":[{\"bbox\":[99.7,375.6,151.9,389.4],\"text\":\"ITEM 5.\"}],\"order\":5,\"text\":\"ITEM 5.\"},{\"bbox\":[165.1,377.2,718.6,419.8],\"lines\":[{\"bbox\":[165.5,377.2,718.6,403.1],\"text\":\"Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of\"},{\"bbox\":[165.1,393.9,264.0,408.8],\"text\":\"Equity Securities\"}],\"order\":6,\"text\":\"Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of\\nEquity Securities\"},{\"bbox\":[96.9,421.0,732.1,515.8],\"lines\":[{\"bbox\":[126.3,421.7,731.9,449.1],\"text\":\"Our common stock is listed on the New York Stock Exchange (NYSE) under the symbol “PWR.” Our common\"},{\"bbox\":[98.1,437.6,731.5,465.7],\"text\":\"stock trades with an attached right to purchase Series D Junior Participating Preferred Stock as more fully described\"},{\"bbox\":[97.7,454.3,731.2,482.4],\"text\":\"under the heading “Stockholder Rights Plan” in Note 10 to our consolidated financial statements included in Item 8\"},{\"bbox\":[97.3,471.0,730.8,499.1],\"text\":\"hereof. The following table sets forth the high and low sales prices of our common stock per quarter, as reported by\"},{\"bbox\":[96.9,487.7,367.6,507.0],\"text\":\"the NYSE, for the two most recent fiscal years.\"}],\"order\":7,\"text\":\"Our common stock is listed on the New York Stock Exchange (NYSE) under the symbol “PWR.” Our common\\nstock trades with an attached right to purchase Series D Junior Participating Preferred Stock as more fully described\\nunder the heading “Stockholder Rights Plan” in Note 10 to our consolidated financial statements included in Item 8\\nhereof. The following table sets forth the high and low sales prices of our common stock per quarter, as reported by\\nthe NYSE, for the two most recent fiscal years.\"},{\"bbox\":[611.9,525.3,635.6,535.9],\"lines\":[{\"bbox\":[611.9,525.3,635.6,535.9],\"text\":\"High\"}],\"order\":8,\"text\":\"High\"},{\"bbox\":[119.3,535.1,642.5,735.3],\"lines\":[{\"bbox\":[123.6,535.1,313.5,552.3],\"text\":\"Year Ended December 31, 2006\"},{\"bbox\":[123.1,554.6,642.0,579.9],\"text\":\"1st Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $16.09\"},{\"bbox\":[122.6,574.0,641.5,599.3],\"text\":\"2nd Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.92\"},{\"bbox\":[122.2,593.4,641.1,618.7],\"text\":\"3rd Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.02\"},{\"bbox\":[121.7,612.9,640.6,638.2],\"text\":\"4th Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.05\"},{\"bbox\":[121.2,632.3,311.1,649.5],\"text\":\"Year Ended December 31, 2007\"},{\"bbox\":[120.8,651.8,639.7,677.1],\"text\":\"1st Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $26.04\"},{\"bbox\":[120.3,671.2,639.2,696.5],\"text\":\"2nd Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.11\"},{\"bbox\":[119.8,690.7,638.7,715.9],\"text\":\"3rd Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.58\"},{\"bbox\":[119.3,710.0,638.2,735.3],\"text\":\"4th Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.42\"}],\"order\":9,\"text\":\"Year Ended December 31, 2006\\n1st Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $16.09\\n2nd Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.92\\n3rd Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.02\\n4th Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.05\\nYear Ended December 31, 2007\\n1st Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $26.04\\n2nd Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.11\\n3rd Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.58\\n4th Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.42\"},{\"bbox\":[672.2,526.7,693.4,537.3],\"lines\":[{\"bbox\":[672.2,526.7,693.4,537.3],\"text\":\"Low\"}],\"order\":10,\"text\":\"Low\"},{\"bbox\":[661.1,567.6,701.1,639.6],\"lines\":[{\"bbox\":[662.6,567.6,701.1,581.3],\"text\":\"$12.24\"},{\"bbox\":[669.0,587.2,700.6,600.7],\"text\":\"14.47\"},{\"bbox\":[668.5,606.7,700.1,620.2],\"text\":\"14.40\"},{\"bbox\":[668.1,626.1,699.6,639.6],\"text\":\"16.32\"}],\"order\":11,\"text\":\"$12.24\\n14.47\\n14.40\\n16.32\"},{\"bbox\":[658.8,664.9,698.7,736.7],\"lines\":[{\"bbox\":[660.2,664.9,698.7,678.5],\"text\":\"$18.66\"},{\"bbox\":[666.7,684.5,698.2,697.9],\"text\":\"25.27\"},{\"bbox\":[666.2,703.9,697.7,717.4],\"text\":\"23.36\"},{\"bbox\":[665.7,723.3,697.3,736.7],\"text\":\"23.58\"}],\"order\":12,\"text\":\"$18.66\\n25.27\\n23.36\\n23.58\"},{\"bbox\":[89.6,738.1,724.4,816.1],\"lines\":[{\"bbox\":[118.6,738.8,724.4,766.2],\"text\":\"On February 20, 2008, there were 1,049 holders of record of our common stock and 15 holders of record of our\"},{\"bbox\":[90.5,754.8,723.9,782.8],\"text\":\"Limited Vote Common Stock. There is no established trading market for the Limited Vote Common Stock; however,\"},{\"bbox\":[90.1,771.5,723.5,799.5],\"text\":\"the Limited Vote Common Stock converts into common stock immediately upon sale. See Note 10 to Notes to\"},{\"bbox\":[89.6,788.1,596.3,813.1],\"text\":\"Consolidated Financial Statements for a description of our Limited Vote Common Stock.\"}],\"order\":13,\"text\":\"On February 20, 2008, there were 1,049 holders of record of our common stock and 15 holders of record of our\\nLimited Vote Common Stock. There is no established trading market for the Limited Vote Common Stock; however,\\nthe Limited Vote Common Stock converts into common stock immediately upon sale. See Note 10 to Notes to\\nConsolidated Financial Statements for a description of our Limited Vote Common Stock.\"},{\"bbox\":[88.7,828.9,495.8,851.3],\"lines\":[{\"bbox\":[88.7,828.9,495.8,851.3],\"text\":\"Unregistered Sales of Securities During the Fourth Quarter of 2007\"}],\"order\":14,\"text\":\"Unregistered Sales of Securities During the Fourth Quarter of 2007\"},{\"bbox\":[86.8,857.6,721.4,935.7],\"lines\":[{\"bbox\":[115.7,858.3,721.3,885.7],\"text\":\"Between October 1, 2007 and December 31, 2007, Quanta completed one acquisition in which some of the\"},{\"bbox\":[87.6,874.3,721.0,902.3],\"text\":\"consideration was unregistered securities of Quanta. The aggregate consideration paid in this transaction was\"},{\"bbox\":[87.2,890.9,720.5,919.0],\"text\":\"$15.5 million in cash and 337,108 shares of common stock. This acquisition was not affiliated with any other\"},{\"bbox\":[86.8,907.6,293.8,925.4],\"text\":\"acquisition prior to such transaction.\"}],\"order\":15,\"text\":\"Between October 1, 2007 and December 31, 2007, Quanta completed one acquisition in which some of the\\nconsideration was unregistered securities of Quanta. The aggregate consideration paid in this transaction was\\n$15.5 million in cash and 337,108 shares of common stock. This acquisition was not affiliated with any other\\nacquisition prior to such transaction.\"},{\"bbox\":[85.2,936.4,719.5,997.7],\"lines\":[{\"bbox\":[113.8,937.0,719.4,964.4],\"text\":\"All securities listed on the following table were shares of common stock. Quanta relied on Section 4(2) of the\"},{\"bbox\":[85.7,953.0,718.9,981.0],\"text\":\"Securities Act of 1933, as amended (the Securities Act), as the basis for exemption from registration. For all\"},{\"bbox\":[85.2,969.7,718.7,997.7],\"text\":\"issuances, the purchasers were “accredited investors” as defined in Rule 501 of the Securities Act. All issuances\"}],\"order\":16,\"text\":\"All securities listed on the following table were shares of common stock. Quanta relied on Section 4(2) of the\\nSecurities Act of 1933, as amended (the Securities Act), as the basis for exemption from registration. For all\\nissuances, the purchasers were “accredited investors” as defined in Rule 501 of the Securities Act. All issuances\"},{\"bbox\":[394.1,1010.5,408.3,1023.5],\"lines\":[{\"bbox\":[394.1,1010.5,408.3,1023.5],\"text\":\"27\"}],\"order\":17,\"text\":\"27\"}],\"doc\":\"fintabnet:PWR_2007\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"We are from time to time a party to various lawsuits, claims and other legal proceedings that arise in the\\nordinary course of business. These actions typically seek, among other things, compensation for alleged personal\\ninjury, breach of contract and/or property damages, punitive damages, civil penalties or other losses, or injunctive or\\ndeclaratory relief. With respect to all such lawsuits, claims and proceedings, we record reserves when it is probable\\nthat a liability has been incurred and the amount of loss can be reasonably estimated. We do not believe that any of\\nthese proceedings, separately or in the aggregate, would be expected to have a material adverse effect on our\\nfinancial position, results of operations or cash flows.\\n\\nITEM 4.\\n\\nSubmission of Matters to a Vote of Security Holders\\n\\nDuring the fourth quarter of the year covered by this report, no matters were submitted to a vote of our security\\nholders, through the solicitation of proxies or otherwise.\\n\\nPART II\\n\\nITEM 5.\\n\\nMarket for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of\\nEquity Securities\\n\\nOur common stock is listed on the New York Stock Exchange (NYSE) under the symbol “PWR.” Our common\\nstock trades with an attached right to purchase Series D Junior Participating Preferred Stock as more fully described\\nunder the heading “Stockholder Rights Plan” in Note 10 to our consolidated financial statements included in Item 8\\nhereof. The following table sets forth the high and low sales prices of our common stock per quarter, as reported by\\nthe NYSE, for the two most recent fiscal years.\\n\\nHigh\\n\\nYear Ended December 31, 2006\\n1st Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $16.09\\n2nd Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.92\\n3rd Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.02\\n4th Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.05\\nYear Ended December 31, 2007\\n1st Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $26.04\\n2nd Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.11\\n3rd Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.58\\n4th Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.42\\n\\nLow\\n\\n$12.24\\n14.47\\n14.40\\n16.32\\n\\n$18.66\\n25.27\\n23.36\\n23.58\\n\\nOn February 20, 2008, there were 1,049 holders of record of our common stock and 15 holders of record of our\\nLimited Vote Common Stock. There is no established trading market for the Limited Vote Common Stock; however,\\nthe Limited Vote Common Stock converts into common stock immediately upon sale. See Note 10 to Notes to\\nConsolidated Financial Statements for a description of our Limited Vote Common Stock.\\n\\nUnregistered Sales of Securities During the Fourth Quarter of 2007\\n\\nBetween October 1, 2007 and December 31, 2007, Quanta completed one acquisition in which some of the\\nconsideration was unregistered securities of Quanta. The aggregate consideration paid in this transaction was\\n$15.5 million in cash and 337,108 shares of common stock. This acquisition was not affiliated with any other\\nacquisition prior to such transaction.\\n\\nAll securities listed on the following table were shares of common stock. Quanta relied on Section 4(2) of the\\nSecurities Act of 1933, as amended (the Securities Act), as the basis for exemption from registration. For all\\nissuances, the purchasers were “accredited investors” as defined in Rule 501 of the Securities Act. All issuances\\n\\n27\",\"name\":\"fintabnet.PWR_2007_page_43__100dpi_medium\",\"page_id\":\"fintabnet.PWR_2007_page_43\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.389,\"source\":\"fintabnet\",\"source_id\":\"PWR_2007_page_43\",\"stack\":[{\"deg\":-1.389,\"op\":\"skew\"},{\"amp\":0.118,\"angle\":85.5,\"blob\":0.496,\"op\":\"illumination\"},{\"gain\":0.793,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":52}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[119.3,510.8,702.1,736.8],\"block_orders\":[8,9,10,11,12],\"cells\":null}],\"text\":\"We are from time to time a party to various lawsuits, claims and other legal proceedings that arise in the\\nordinary course of business. These actions typically seek, among other things, compensation for alleged personal\\ninjury, breach of contract and/or property damages, punitive damages, civil penalties or other losses, or injunctive or\\ndeclaratory relief. With respect to all such lawsuits, claims and proceedings, we record reserves when it is probable\\nthat a liability has been incurred and the amount of loss can be reasonably estimated. We do not believe that any of\\nthese proceedings, separately or in the aggregate, would be expected to have a material adverse effect on our\\nfinancial position, results of operations or cash flows.\\n\\nITEM 4.\\n\\nSubmission of Matters to a Vote of Security Holders\\n\\nDuring the fourth quarter of the year covered by this report, no matters were submitted to a vote of our security\\nholders, through the solicitation of proxies or otherwise.\\n\\nPART II\\n\\nITEM 5.\\n\\nMarket for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of\\nEquity Securities\\n\\nOur common stock is listed on the New York Stock Exchange (NYSE) under the symbol “PWR.” Our common\\nstock trades with an attached right to purchase Series D Junior Participating Preferred Stock as more fully described\\nunder the heading “Stockholder Rights Plan” in Note 10 to our consolidated financial statements included in Item 8\\nhereof. The following table sets forth the high and low sales prices of our common stock per quarter, as reported by\\nthe NYSE, for the two most recent fiscal years.\\n\\nHigh\\n\\nYear Ended December 31, 2006\\n1st Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $16.09\\n2nd Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.92\\n3rd Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.02\\n4th Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.05\\nYear Ended December 31, 2007\\n1st Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $26.04\\n2nd Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.11\\n3rd Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.58\\n4th Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.42\\n\\nLow\\n\\n$12.24\\n14.47\\n14.40\\n16.32\\n\\n$18.66\\n25.27\\n23.36\\n23.58\\n\\nOn February 20, 2008, there were 1,049 holders of record of our common stock and 15 holders of record of our\\nLimited Vote Common Stock. There is no established trading market for the Limited Vote Common Stock; however,\\nthe Limited Vote Common Stock converts into common stock immediately upon sale. See Note 10 to Notes to\\nConsolidated Financial Statements for a description of our Limited Vote Common Stock.\\n\\nUnregistered Sales of Securities During the Fourth Quarter of 2007\\n\\nBetween October 1, 2007 and December 31, 2007, Quanta completed one acquisition in which some of the\\nconsideration was unregistered securities of Quanta. The aggregate consideration paid in this transaction was\\n$15.5 million in cash and 337,108 shares of common stock. This acquisition was not affiliated with any other\\nacquisition prior to such transaction.\\n\\nAll securities listed on the following table were shares of common stock. Quanta relied on Section 4(2) of the\\nSecurities Act of 1933, as amended (the Securities Act), as the basis for exemption from registration. For all\\nissuances, the purchasers were “accredited investors” as defined in Rule 501 of the Securities Act. 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AND SUBSIDIARIES\"},{\"bbox\":[360.6,254.0,1277.2,286.0],\"lines\":[{\"bbox\":[360.6,254.0,1277.2,286.0],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"},{\"bbox\":[185.8,321.0,1452.6,389.3],\"lines\":[{\"bbox\":[185.8,321.0,1452.4,356.1],\"text\":\"2008 and 2009 acquisitions had been completed as of the beginning of each period presented (in thousands, except\"},{\"bbox\":[186.1,362.2,409.7,389.3],\"text\":\"per share amounts):\"}],\"order\":2,\"text\":\"2008 and 2009 acquisitions had been completed as of the beginning of each period presented (in thousands, except\\nper share amounts):\"},{\"bbox\":[1125.7,397.6,1378.0,450.2],\"lines\":[{\"bbox\":[1125.7,397.6,1377.8,419.6],\"text\":\"Year Ended December 31,\"},{\"bbox\":[1146.3,429.6,1190.9,450.0],\"text\":\"2008\"},{\"bbox\":[1313.1,428.3,1357.7,448.8],\"text\":\"2009\"}],\"order\":3,\"text\":\"Year Ended December 31,\\n2008\\n2009\"},{\"bbox\":[242.5,473.8,1080.7,758.5],\"lines\":[{\"bbox\":[242.5,473.8,1078.8,505.6],\"text\":\"Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[242.8,510.0,1079.1,541.8],\"text\":\"Gross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[243.1,546.1,1079.3,577.8],\"text\":\"Selling, general and administrative expenses . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[243.4,582.1,1079.6,613.9],\"text\":\"Amortization of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[243.6,618.4,1079.9,650.1],\"text\":\"Net income attributable to common stock . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[243.9,656.5,803.4,686.2],\"text\":\"Earnings per share attributable to common stock:\"},{\"bbox\":[244.2,690.5,1080.4,722.2],\"text\":\"Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[244.5,726.7,1080.7,758.5],\"text\":\"Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSelling, general and administrative expenses . . . . . . . . . . . . . . . . . . . . . .\\nAmortization of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income attributable to common stock . . . . . . . . . . . . . . . . . . . . . . . .\\nEarnings per share attributable to common stock:\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDiluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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294,351\"},{\"bbox\":[1108.1,690.2,1122.5,751.9],\"lines\":[{\"bbox\":[1108.1,690.2,1122.2,715.7],\"text\":\"$\"},{\"bbox\":[1108.4,726.4,1122.5,751.9],\"text\":\"$\"}],\"order\":7,\"text\":\"$\\n$\"},{\"bbox\":[1274.7,688.9,1289.1,750.7],\"lines\":[{\"bbox\":[1274.7,688.9,1288.8,714.5],\"text\":\"$\"},{\"bbox\":[1275.0,725.1,1289.1,750.7],\"text\":\"$\"}],\"order\":8,\"text\":\"$\\n$\"},{\"bbox\":[1184.5,689.3,1233.5,751.4],\"lines\":[{\"bbox\":[1184.5,689.3,1233.3,715.1],\"text\":\"1.46\"},{\"bbox\":[1184.7,725.6,1233.5,751.4],\"text\":\"1.37\"}],\"order\":9,\"text\":\"1.46\\n1.37\"},{\"bbox\":[1351.1,688.1,1400.2,750.1],\"lines\":[{\"bbox\":[1351.1,688.1,1399.9,713.9],\"text\":\"1.41\"},{\"bbox\":[1351.3,724.3,1400.2,750.1],\"text\":\"1.39\"}],\"order\":10,\"text\":\"1.41\\n1.39\"},{\"bbox\":[189.2,773.8,1459.8,1275.5],\"lines\":[{\"bbox\":[244.8,773.8,1455.8,808.4],\"text\":\"The pro forma combined results of operations for the years ending December 31, 2008 and 2009 have been\"},{\"bbox\":[189.5,807.2,1455.7,842.2],\"text\":\"prepared by adjusting the historical results of Quanta to include the historical results of the acquisitions completed\"},{\"bbox\":[189.8,840.6,1456.3,875.6],\"text\":\"in 2008 and 2009. The pro forma combined results of operations for the year ending December 31, 2008 have been\"},{\"bbox\":[190.0,873.8,1456.4,908.8],\"text\":\"prepared by adjusting the historical results of Quanta to include the historical results of the four acquisitions\"},{\"bbox\":[190.3,907.2,1456.9,942.2],\"text\":\"completed in 2009 and the three acquisitions completed in 2008. These pro forma combined historical results were\"},{\"bbox\":[190.5,940.5,1457.4,975.6],\"text\":\"then adjusted for the following: a reduction of interest expense and interest income as a result of the repayment of\"},{\"bbox\":[190.8,973.8,1457.5,1008.8],\"text\":\"outstanding indebtedness and the retirement of preferred stock, a reduction of interest income as a result of the cash\"},{\"bbox\":[191.0,1007.2,1457.8,1042.2],\"text\":\"consideration paid, an increase in amortization expense due to the incremental intangible assets recorded related to\"},{\"bbox\":[191.3,1040.5,1457.5,1075.6],\"text\":\"the 2008 and 2009 acquisitions, an increase in depreciation expense within cost of services related to the net impact\"},{\"bbox\":[191.5,1073.8,1458.6,1108.8],\"text\":\"of adjusting acquired property and equipment to the acquisition date fair value and conforming depreciable lives\"},{\"bbox\":[191.8,1107.1,1458.5,1142.2],\"text\":\"with Quanta’s accounting policies and certain reclassifications to conform the acquired companies’ presentation to\"},{\"bbox\":[192.0,1140.5,1458.7,1175.5],\"text\":\"Quanta’s accounting policies. The pro forma results of operations do not include any cost savings that may result\"},{\"bbox\":[192.3,1173.8,1458.9,1208.8],\"text\":\"from the 2008 and 2009 acquisitions. As noted above, the pro forma results of operations do not purport to be\"},{\"bbox\":[192.5,1207.1,1459.3,1242.2],\"text\":\"indicative of the actual results that would have been achieved by the combined company for the periods presented or\"},{\"bbox\":[192.8,1244.8,899.4,1275.5],\"text\":\"that may be achieved by the combined company in the future.\"}],\"order\":11,\"text\":\"The pro forma combined results of operations for the years ending December 31, 2008 and 2009 have been\\nprepared by adjusting the historical results of Quanta to include the historical results of the acquisitions completed\\nin 2008 and 2009. The pro forma combined results of operations for the year ending December 31, 2008 have been\\nprepared by adjusting the historical results of Quanta to include the historical results of the four acquisitions\\ncompleted in 2009 and the three acquisitions completed in 2008. These pro forma combined historical results were\\nthen adjusted for the following: a reduction of interest expense and interest income as a result of the repayment of\\noutstanding indebtedness and the retirement of preferred stock, a reduction of interest income as a result of the cash\\nconsideration paid, an increase in amortization expense due to the incremental intangible assets recorded related to\\nthe 2008 and 2009 acquisitions, an increase in depreciation expense within cost of services related to the net impact\\nof adjusting acquired property and equipment to the acquisition date fair value and conforming depreciable lives\\nwith Quanta’s accounting policies and certain reclassifications to conform the acquired companies’ presentation to\\nQuanta’s accounting policies. The pro forma results of operations do not include any cost savings that may result\\nfrom the 2008 and 2009 acquisitions. As noted above, the pro forma results of operations do not purport to be\\nindicative of the actual results that would have been achieved by the combined company for the periods presented or\\nthat may be achieved by the combined company in the future.\"},{\"bbox\":[193.2,1290.4,1460.7,1392.2],\"lines\":[{\"bbox\":[248.7,1290.4,1459.5,1325.0],\"text\":\"Revenues of $260.3 million and income from continuing operations before income taxes of $37.8 million\"},{\"bbox\":[193.4,1323.8,1460.5,1358.8],\"text\":\"related to the four 2009 acquisitions following their respective dates of acquisition are included in Quanta’s\"},{\"bbox\":[193.7,1360.5,1028.1,1392.2],\"text\":\"consolidated results of operations for the year ended December 31, 2009.\"}],\"order\":12,\"text\":\"Revenues of $260.3 million and income from continuing operations before income taxes of $37.8 million\\nrelated to the four 2009 acquisitions following their respective dates of acquisition are included in Quanta’s\\nconsolidated results of operations for the year ended December 31, 2009.\"},{\"bbox\":[222.0,1431.6,428.7,1458.3],\"lines\":[{\"bbox\":[222.0,1431.6,428.7,1458.3],\"text\":\"2007 Acquisitions\"}],\"order\":13,\"text\":\"2007 Acquisitions\"},{\"bbox\":[194.5,1473.7,1462.9,1708.9],\"lines\":[{\"bbox\":[250.1,1473.7,1461.3,1508.3],\"text\":\"On August 30, 2007, Quanta acquired all of the outstanding common stock of InfraSource through a merger\"},{\"bbox\":[194.8,1507.1,1461.4,1542.1],\"text\":\"transaction. In connection with the acquisition, Quanta issued to InfraSource’s stockholders 1.223 shares of Quanta\"},{\"bbox\":[195.0,1540.5,1461.9,1575.5],\"text\":\"common stock for each outstanding share of InfraSource common stock, resulting in the issuance of a total of\"},{\"bbox\":[195.3,1573.7,1462.0,1608.8],\"text\":\"approximately 50.0 million shares of common stock for an aggregate purchase price of approximately $1.3 billion.\"},{\"bbox\":[195.5,1607.1,1461.8,1642.1],\"text\":\"The acquisition of InfraSource allowed Quanta to enhance and further expand its specialized infrastructure contract\"},{\"bbox\":[195.8,1640.5,1462.4,1675.5],\"text\":\"services to the electric power, natural gas and pipeline and telecommunications industries primarily in the United\"},{\"bbox\":[196.1,1677.8,949.1,1708.9],\"text\":\"States. The acquisition also added a fiber optic licensing business.\"}],\"order\":14,\"text\":\"On August 30, 2007, Quanta acquired all of the outstanding common stock of InfraSource through a merger\\ntransaction. In connection with the acquisition, Quanta issued to InfraSource’s stockholders 1.223 shares of Quanta\\ncommon stock for each outstanding share of InfraSource common stock, resulting in the issuance of a total of\\napproximately 50.0 million shares of common stock for an aggregate purchase price of approximately $1.3 billion.\\nThe acquisition of InfraSource allowed Quanta to enhance and further expand its specialized infrastructure contract\\nservices to the electric power, natural gas and pipeline and telecommunications industries primarily in the United\\nStates. The acquisition also added a fiber optic licensing business.\"},{\"bbox\":[818.2,2022.2,846.1,2047.8],\"lines\":[{\"bbox\":[818.2,2022.2,846.1,2047.8],\"text\":\"91\"}],\"order\":15,\"text\":\"91\"}],\"doc\":\"fintabnet:PWR_2009\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\n2008 and 2009 acquisitions had been completed as of the beginning of each period presented (in thousands, except\\nper share amounts):\\n\\nYear Ended December 31,\\n2008\\n2009\\n\\nRevenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSelling, general and administrative expenses . . . . . . . . . . . . . . . . . . . . . .\\nAmortization of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income attributable to common stock . . . . . . . . . . . . . . . . . . . . . . . .\\nEarnings per share attributable to common stock:\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDiluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$5,242,790\\n$ 917,166\\n$ 352,683\\n$ 74,270\\n$ 274,238\\n\\n$4,605,068\\n$ 893,264\\n$ 374,897\\n$ 56,596\\n$ 294,351\\n\\n$\\n$\\n\\n$\\n$\\n\\n1.46\\n1.37\\n\\n1.41\\n1.39\\n\\nThe pro forma combined results of operations for the years ending December 31, 2008 and 2009 have been\\nprepared by adjusting the historical results of Quanta to include the historical results of the acquisitions completed\\nin 2008 and 2009. The pro forma combined results of operations for the year ending December 31, 2008 have been\\nprepared by adjusting the historical results of Quanta to include the historical results of the four acquisitions\\ncompleted in 2009 and the three acquisitions completed in 2008. These pro forma combined historical results were\\nthen adjusted for the following: a reduction of interest expense and interest income as a result of the repayment of\\noutstanding indebtedness and the retirement of preferred stock, a reduction of interest income as a result of the cash\\nconsideration paid, an increase in amortization expense due to the incremental intangible assets recorded related to\\nthe 2008 and 2009 acquisitions, an increase in depreciation expense within cost of services related to the net impact\\nof adjusting acquired property and equipment to the acquisition date fair value and conforming depreciable lives\\nwith Quanta’s accounting policies and certain reclassifications to conform the acquired companies’ presentation to\\nQuanta’s accounting policies. The pro forma results of operations do not include any cost savings that may result\\nfrom the 2008 and 2009 acquisitions. As noted above, the pro forma results of operations do not purport to be\\nindicative of the actual results that would have been achieved by the combined company for the periods presented or\\nthat may be achieved by the combined company in the future.\\n\\nRevenues of $260.3 million and income from continuing operations before income taxes of $37.8 million\\nrelated to the four 2009 acquisitions following their respective dates of acquisition are included in Quanta’s\\nconsolidated results of operations for the year ended December 31, 2009.\\n\\n2007 Acquisitions\\n\\nOn August 30, 2007, Quanta acquired all of the outstanding common stock of InfraSource through a merger\\ntransaction. In connection with the acquisition, Quanta issued to InfraSource’s stockholders 1.223 shares of Quanta\\ncommon stock for each outstanding share of InfraSource common stock, resulting in the issuance of a total of\\napproximately 50.0 million shares of common stock for an aggregate purchase price of approximately $1.3 billion.\\nThe acquisition of InfraSource allowed Quanta to enhance and further expand its specialized infrastructure contract\\nservices to the electric power, natural gas and pipeline and telecommunications industries primarily in the United\\nStates. The acquisition also added a fiber optic licensing business.\\n\\n91\",\"name\":\"fintabnet.PWR_2009_page_108__200dpi_mild\",\"page_id\":\"fintabnet.PWR_2009_page_108\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.433,\"source\":\"fintabnet\",\"source_id\":\"PWR_2009_page_108\",\"stack\":[{\"deg\":0.433,\"op\":\"skew\"},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[241.9,392.2,1400.2,758.5],\"block_orders\":[3,4,5,6,7,8,9,10],\"cells\":null}],\"text\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\n2008 and 2009 acquisitions had been completed as of the beginning of each period presented (in thousands, except\\nper share amounts):\\n\\nYear Ended December 31,\\n2008\\n2009\\n\\nRevenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGross profit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSelling, general and administrative expenses . . . . . . . . . . . . . . . . . . . . . .\\nAmortization of intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income attributable to common stock . . . . . . . . . . . . . . . . . . . . . . . .\\nEarnings per share attributable to common stock:\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDiluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$5,242,790\\n$ 917,166\\n$ 352,683\\n$ 74,270\\n$ 274,238\\n\\n$4,605,068\\n$ 893,264\\n$ 374,897\\n$ 56,596\\n$ 294,351\\n\\n$\\n$\\n\\n$\\n$\\n\\n1.46\\n1.37\\n\\n1.41\\n1.39\\n\\nThe pro forma combined results of operations for the years ending December 31, 2008 and 2009 have been\\nprepared by adjusting the historical results of Quanta to include the historical results of the acquisitions completed\\nin 2008 and 2009. The pro forma combined results of operations for the year ending December 31, 2008 have been\\nprepared by adjusting the historical results of Quanta to include the historical results of the four acquisitions\\ncompleted in 2009 and the three acquisitions completed in 2008. These pro forma combined historical results were\\nthen adjusted for the following: a reduction of interest expense and interest income as a result of the repayment of\\noutstanding indebtedness and the retirement of preferred stock, a reduction of interest income as a result of the cash\\nconsideration paid, an increase in amortization expense due to the incremental intangible assets recorded related to\\nthe 2008 and 2009 acquisitions, an increase in depreciation expense within cost of services related to the net impact\\nof adjusting acquired property and equipment to the acquisition date fair value and conforming depreciable lives\\nwith Quanta’s accounting policies and certain reclassifications to conform the acquired companies’ presentation to\\nQuanta’s accounting policies. The pro forma results of operations do not include any cost savings that may result\\nfrom the 2008 and 2009 acquisitions. As noted above, the pro forma results of operations do not purport to be\\nindicative of the actual results that would have been achieved by the combined company for the periods presented or\\nthat may be achieved by the combined company in the future.\\n\\nRevenues of $260.3 million and income from continuing operations before income taxes of $37.8 million\\nrelated to the four 2009 acquisitions following their respective dates of acquisition are included in Quanta’s\\nconsolidated results of operations for the year ended December 31, 2009.\\n\\n2007 Acquisitions\\n\\nOn August 30, 2007, Quanta acquired all of the outstanding common stock of InfraSource through a merger\\ntransaction. In connection with the acquisition, Quanta issued to InfraSource’s stockholders 1.223 shares of Quanta\\ncommon stock for each outstanding share of InfraSource common stock, resulting in the issuance of a total of\\napproximately 50.0 million shares of common stock for an aggregate purchase price of approximately $1.3 billion.\\nThe acquisition of InfraSource allowed Quanta to enhance and further expand its specialized infrastructure contract\\nservices to the electric power, natural gas and pipeline and telecommunications industries primarily in the United\\nStates. The acquisition also added a fiber optic licensing business.\\n\\n91\"},\"name\":\"fintabnet.PWR_2009_page_108__200dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":469619,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PWR_2009\",\"dpi\":200,\"gt_sha256\":\"575432ed99cce5763e1cbab4d79b7d9a4c5cc06764125ba53c52eade9de1b697\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PWR_2009_page_108__200dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.PWR_2009_page_108\",\"pdf_sha256\":\"00aeea02ac4b6b598df46b0bd15b526aa66f1b4e573eeda5db0a68e35884bb9a\",\"px\":[1700,2200],\"scan\":{\"render\":\"000007e0301800383e182afc3ffc3ffc3ffc3ffc3f803ffc3f80000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"PWR_2009_page_108\",\"src\":{\"file_sha256\":\"85804966a88268a996ac2f2829742249b0d79d7458f1608207dc72b8abd09642\",\"render\":\"000007f0301800383e183ffc3ffc3ffc3ffc3ff830003ffc3f80000000000000\",\"text\":\"ba1062ae58f8c77dfc91d10677141c853860c9a6d0f34a1d5ffc84fbee568387\"},\"stack\":[{\"deg\":0.433,\"op\":\"skew\"},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"00aeea02ac4b6b598df46b0bd15b526aa66f1b4e573eeda5db0a68e35884bb9a\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/00aeea02ac4b6b598df46b0bd15b526aa66f1b4e573eeda5db0a68e35884bb9a.pdf","asset_sha256":"00aeea02ac4b6b598df46b0bd15b526aa66f1b4e573eeda5db0a68e35884bb9a","document_id":"fintabnet:PWR_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PWR_2009_page_108\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PWR_2009_page_92\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:PWR_2009\",\"ground_truth\":{\"blocks\":[{\"bbox\":[263.8,102.3,568.6,117.3],\"lines\":[{\"bbox\":[263.8,102.3,568.6,117.3],\"text\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\"},{\"bbox\":[186.6,126.8,644.9,142.9],\"lines\":[{\"bbox\":[186.6,126.8,644.9,142.9],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\"},{\"bbox\":[97.7,160.3,732.2,311.2],\"lines\":[{\"bbox\":[98.7,160.3,732.0,177.9],\"text\":\"basis and records the effect of any necessary adjustments prior to their publication. Judgments and estimates are\"},{\"bbox\":[98.6,176.9,731.9,194.5],\"text\":\"based on Quanta’s beliefs and assumptions derived from information available at the time such judgments and\"},{\"bbox\":[98.5,193.6,731.9,211.2],\"text\":\"estimates are made. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of\"},{\"bbox\":[98.4,210.3,731.6,227.9],\"text\":\"financial statements. Estimates are primarily used in Quanta’s assessment of the allowance for doubtful accounts,\"},{\"bbox\":[98.2,226.9,731.6,244.5],\"text\":\"valuation of inventory, useful lives of assets, fair value assumptions in analyzing goodwill, other intangibles and\"},{\"bbox\":[98.1,243.6,731.4,261.2],\"text\":\"long-lived asset impairments, valuation of derivative contracts, purchase price allocations, liabilities for self-\"},{\"bbox\":[98.0,260.3,731.3,277.9],\"text\":\"insured claims, convertible debt, revenue recognition for construction contracts and fiber optic licensing, share-\"},{\"bbox\":[97.8,277.0,731.3,294.6],\"text\":\"based compensation, operating results of reportable segments, provision for income taxes and calculation of\"},{\"bbox\":[97.7,293.6,229.4,307.3],\"text\":\"uncertain tax positions.\"}],\"order\":2,\"text\":\"basis and records the effect of any necessary adjustments prior to their publication. Judgments and estimates are\\nbased on Quanta’s beliefs and assumptions derived from information available at the time such judgments and\\nestimates are made. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of\\nfinancial statements. Estimates are primarily used in Quanta’s assessment of the allowance for doubtful accounts,\\nvaluation of inventory, useful lives of assets, fair value assumptions in analyzing goodwill, other intangibles and\\nlong-lived asset impairments, valuation of derivative contracts, purchase price allocations, liabilities for self-\\ninsured claims, convertible debt, revenue recognition for construction contracts and fiber optic licensing, share-\\nbased compensation, operating results of reportable segments, provision for income taxes and calculation of\\nuncertain tax positions.\"},{\"bbox\":[111.4,328.2,207.9,341.5],\"lines\":[{\"bbox\":[111.4,328.2,207.9,341.5],\"text\":\"Reclassifications\"}],\"order\":3,\"text\":\"Reclassifications\"},{\"bbox\":[97.1,353.7,730.7,388.0],\"lines\":[{\"bbox\":[125.0,353.9,730.7,371.4],\"text\":\"Certain reclassifications have been made in prior years’ financial statements to conform to classifications used\"},{\"bbox\":[97.1,370.4,204.8,384.0],\"text\":\"in the current year.\"}],\"order\":4,\"text\":\"Certain reclassifications have been made in prior years’ financial statements to conform to classifications used\\nin the current year.\"},{\"bbox\":[110.8,405.0,409.8,419.9],\"lines\":[{\"bbox\":[110.8,405.0,409.8,419.9],\"text\":\"Revision of Previously Issued Financial Statements\"}],\"order\":5,\"text\":\"Revision of Previously Issued Financial Statements\"},{\"bbox\":[94.6,430.5,730.1,714.8],\"lines\":[{\"bbox\":[124.4,430.7,730.1,448.1],\"text\":\"During the third quarter of 2009, Quanta revised its December 31, 2008 balance sheet for the correction of\"},{\"bbox\":[96.5,447.2,729.8,464.8],\"text\":\"certain errors identified in its deferred tax asset and liability accounts during the years 2000 through 2004. These\"},{\"bbox\":[96.4,463.9,729.7,481.5],\"text\":\"items were identified in connection with Quanta’s 2009 analysis of its tax basis balance sheet, whereby Quanta\"},{\"bbox\":[96.3,480.5,729.6,498.1],\"text\":\"determined that certain deferred tax asset and liability accounts related primarily to goodwill impairments and\"},{\"bbox\":[96.1,497.2,729.5,514.8],\"text\":\"certain bad debt expense transactions were misstated. The cumulative impact of these items from the period\"},{\"bbox\":[96.0,513.9,729.4,531.5],\"text\":\"January 1, 2005 through December 31, 2008 was an understatement of deferred tax assets, an overstatement of\"},{\"bbox\":[95.9,530.5,729.3,548.1],\"text\":\"deferred tax liabilities, an overstatement of accumulated deficit and an understatement of total stockholders’ equity.\"},{\"bbox\":[95.7,547.2,729.0,564.8],\"text\":\"Quanta evaluated the impact of these items under the guidance in ASC 250-10 (SEC Staff Accounting Bulle-\"},{\"bbox\":[95.6,563.9,729.0,581.5],\"text\":\"tin No. 99, “Materiality,”) on each of the years affected between 2000 and 2004 and on a cumulative basis for all\"},{\"bbox\":[95.5,580.5,729.0,598.1],\"text\":\"prior periods subsequent to 2004 and through December 31, 2008 and concluded the items were not material to any\"},{\"bbox\":[95.4,597.2,728.7,614.8],\"text\":\"such periods. Management also evaluated the impact of correcting these items through a cumulative adjustment to\"},{\"bbox\":[95.2,613.9,728.6,631.5],\"text\":\"Quanta’s 2009 financial statements and concluded that the cumulative impact would have been material to its\"},{\"bbox\":[95.1,630.6,728.4,648.2],\"text\":\"interim results for the three and nine month periods ended September 30, 2009. As a result of these evaluations and\"},{\"bbox\":[95.0,647.2,728.4,664.8],\"text\":\"based on the guidance within ASC 250-10 (SEC Staff Accounting Bulletin No. 108, “Considering the Effects of\"},{\"bbox\":[94.8,663.9,727.9,681.5],\"text\":\"Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,”), management\"},{\"bbox\":[94.7,680.5,728.0,698.2],\"text\":\"has revised its previously issued financial statements to reflect the cumulative impact of this correction. The\"},{\"bbox\":[94.6,697.2,728.0,714.8],\"text\":\"following table presents the impact of this revision on Quanta’s December 31, 2008 balance sheet (in thousands):\"}],\"order\":6,\"text\":\"During the third quarter of 2009, Quanta revised its December 31, 2008 balance sheet for the correction of\\ncertain errors identified in its deferred tax asset and liability accounts during the years 2000 through 2004. These\\nitems were identified in connection with Quanta’s 2009 analysis of its tax basis balance sheet, whereby Quanta\\ndetermined that certain deferred tax asset and liability accounts related primarily to goodwill impairments and\\ncertain bad debt expense transactions were misstated. The cumulative impact of these items from the period\\nJanuary 1, 2005 through December 31, 2008 was an understatement of deferred tax assets, an overstatement of\\ndeferred tax liabilities, an overstatement of accumulated deficit and an understatement of total stockholders’ equity.\\nQuanta evaluated the impact of these items under the guidance in ASC 250-10 (SEC Staff Accounting Bulle-\\ntin No. 99, “Materiality,”) on each of the years affected between 2000 and 2004 and on a cumulative basis for all\\nprior periods subsequent to 2004 and through December 31, 2008 and concluded the items were not material to any\\nsuch periods. Management also evaluated the impact of correcting these items through a cumulative adjustment to\\nQuanta’s 2009 financial statements and concluded that the cumulative impact would have been material to its\\ninterim results for the three and nine month periods ended September 30, 2009. As a result of these evaluations and\\nbased on the guidance within ASC 250-10 (SEC Staff Accounting Bulletin No. 108, “Considering the Effects of\\nPrior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,”), management\\nhas revised its previously issued financial statements to reflect the cumulative impact of this correction. The\\nfollowing table presents the impact of this revision on Quanta’s December 31, 2008 balance sheet (in thousands):\"},{\"bbox\":[121.3,741.1,452.6,848.0],\"lines\":[{\"bbox\":[122.0,741.1,452.6,756.4],\"text\":\"Prepaid expenses and other current assets . . . . . . . . . . . .\"},{\"bbox\":[121.9,756.4,452.5,771.7],\"text\":\"Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[121.8,771.6,452.4,786.9],\"text\":\"Deferred income tax liability . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[121.7,786.9,452.3,802.2],\"text\":\"Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[121.6,802.2,452.1,817.5],\"text\":\"Accumulated deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[121.4,817.5,452.0,832.8],\"text\":\"Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[121.3,832.7,451.9,848.0],\"text\":\"Total liabilities and equity . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Prepaid expenses and other current assets . . . . . . . . . . . .\\nTotal assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeferred income tax liability . . . . . . . . . . . . . . . . . . . . . .\\nTotal liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccumulated deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal liabilities and equity . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[466.5,722.1,539.8,732.7],\"lines\":[{\"bbox\":[466.5,722.1,539.8,732.7],\"text\":\"As Reported(a)\"}],\"order\":8,\"text\":\"As Reported(a)\"},{\"bbox\":[560.6,722.8,616.9,733.3],\"lines\":[{\"bbox\":[560.6,722.8,616.9,733.3],\"text\":\"Adjustment\"}],\"order\":9,\"text\":\"Adjustment\"},{\"bbox\":[642.4,723.5,695.3,733.9],\"lines\":[{\"bbox\":[642.4,723.5,695.3,733.9],\"text\":\"As Revised\"}],\"order\":10,\"text\":\"As Revised\"},{\"bbox\":[471.7,743.8,478.8,756.6],\"lines\":[{\"bbox\":[471.7,743.8,478.8,756.6],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[565.2,744.5,615.8,849.3],\"lines\":[{\"bbox\":[565.9,744.5,611.2,757.6],\"text\":\"$ 3,916\"},{\"bbox\":[579.7,759.9,611.0,772.9],\"text\":\"3,916\"},{\"bbox\":[574.9,775.2,615.5,788.2],\"text\":\"(7,243)\"},{\"bbox\":[574.8,790.4,615.4,803.5],\"text\":\"(7,243)\"},{\"bbox\":[572.3,805.7,610.6,818.7],\"text\":\"11,159\"},{\"bbox\":[572.2,821.0,610.5,834.0],\"text\":\"11,159\"},{\"bbox\":[565.2,836.2,610.4,849.3],\"text\":\"$ 3,916\"}],\"order\":12,\"text\":\"$ 3,916\\n3,916\\n(7,243)\\n(7,243)\\n11,159\\n11,159\\n$ 3,916\"},{\"bbox\":[636.6,745.1,704.5,850.0],\"lines\":[{\"bbox\":[637.3,745.1,699.9,758.3],\"text\":\"$ 72,063\"},{\"bbox\":[644.1,760.4,699.8,773.6],\"text\":\"3,558,159\"},{\"bbox\":[661.4,775.8,699.7,788.8],\"text\":\"83,861\"},{\"bbox\":[654.3,791.1,699.6,804.1],\"text\":\"875,785\"},{\"bbox\":[656.5,806.3,704.0,819.4],\"text\":\"(86,326)\"},{\"bbox\":[643.6,821.5,699.3,834.7],\"text\":\"2,682,374\"},{\"bbox\":[636.6,836.7,699.2,849.9],\"text\":\"$3,558,159\"}],\"order\":13,\"text\":\"$ 72,063\\n3,558,159\\n83,861\\n875,785\\n(86,326)\\n2,682,374\\n$3,558,159\"},{\"bbox\":[471.0,743.8,538.9,848.7],\"lines\":[{\"bbox\":[496.0,744.0,534.3,757.0],\"text\":\"68,147\"},{\"bbox\":[478.6,759.1,534.3,772.3],\"text\":\"3,554,243\"},{\"bbox\":[495.8,774.5,534.1,787.6],\"text\":\"91,104\"},{\"bbox\":[488.8,789.8,534.0,802.8],\"text\":\"883,028\"},{\"bbox\":[490.9,805.1,538.5,818.2],\"text\":\"(97,485)\"},{\"bbox\":[478.1,820.2,533.8,833.4],\"text\":\"2,671,215\"},{\"bbox\":[471.0,835.5,533.7,848.7],\"text\":\"$3,554,243\"}],\"order\":14,\"text\":\"68,147\\n3,554,243\\n91,104\\n883,028\\n(97,485)\\n2,671,215\\n$3,554,243\"},{\"bbox\":[93.9,865.1,726.6,899.4],\"lines\":[{\"bbox\":[94.1,865.1,726.6,882.7],\"text\":\"(a) Amounts displayed “as reported” reflect the impact of the adoption of FSP APB 14-1 (ASC 470-20). See\"},{\"bbox\":[116.3,881.9,296.2,896.0],\"text\":\"additional discussion in Note 3.\"}],\"order\":15,\"text\":\"(a) Amounts displayed “as reported” reflect the impact of the adoption of FSP APB 14-1 (ASC 470-20). See\\nadditional discussion in Note 3.\"},{\"bbox\":[106.8,916.4,268.1,930.2],\"lines\":[{\"bbox\":[106.8,916.4,268.1,930.2],\"text\":\"Cash and Cash Equivalents\"}],\"order\":16,\"text\":\"Cash and Cash Equivalents\"},{\"bbox\":[92.4,941.9,726.1,992.8],\"lines\":[{\"bbox\":[120.5,942.1,726.1,959.5],\"text\":\"Quanta had cash and cash equivalents of $437.9 million and $699.6 million as of December 31, 2008 and 2009.\"},{\"bbox\":[92.6,958.5,725.9,976.1],\"text\":\"Cash consisting of interest-bearing demand deposits is carried at cost, which approximates fair value. Quanta\"},{\"bbox\":[92.4,975.2,725.7,992.8],\"text\":\"considers all highly liquid investments purchased with an original maturity of three months or less to be cash\"}],\"order\":17,\"text\":\"Quanta had cash and cash equivalents of $437.9 million and $699.6 million as of December 31, 2008 and 2009.\\nCash consisting of interest-bearing demand deposits is carried at cost, which approximates fair value. Quanta\\nconsiders all highly liquid investments purchased with an original maturity of three months or less to be cash\"},{\"bbox\":[401.9,1010.9,415.9,1023.7],\"lines\":[{\"bbox\":[401.9,1010.9,415.9,1023.7],\"text\":\"75\"}],\"order\":18,\"text\":\"75\"}],\"doc\":\"fintabnet:PWR_2009\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nbasis and records the effect of any necessary adjustments prior to their publication. Judgments and estimates are\\nbased on Quanta’s beliefs and assumptions derived from information available at the time such judgments and\\nestimates are made. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of\\nfinancial statements. Estimates are primarily used in Quanta’s assessment of the allowance for doubtful accounts,\\nvaluation of inventory, useful lives of assets, fair value assumptions in analyzing goodwill, other intangibles and\\nlong-lived asset impairments, valuation of derivative contracts, purchase price allocations, liabilities for self-\\ninsured claims, convertible debt, revenue recognition for construction contracts and fiber optic licensing, share-\\nbased compensation, operating results of reportable segments, provision for income taxes and calculation of\\nuncertain tax positions.\\n\\nReclassifications\\n\\nCertain reclassifications have been made in prior years’ financial statements to conform to classifications used\\nin the current year.\\n\\nRevision of Previously Issued Financial Statements\\n\\nDuring the third quarter of 2009, Quanta revised its December 31, 2008 balance sheet for the correction of\\ncertain errors identified in its deferred tax asset and liability accounts during the years 2000 through 2004. These\\nitems were identified in connection with Quanta’s 2009 analysis of its tax basis balance sheet, whereby Quanta\\ndetermined that certain deferred tax asset and liability accounts related primarily to goodwill impairments and\\ncertain bad debt expense transactions were misstated. The cumulative impact of these items from the period\\nJanuary 1, 2005 through December 31, 2008 was an understatement of deferred tax assets, an overstatement of\\ndeferred tax liabilities, an overstatement of accumulated deficit and an understatement of total stockholders’ equity.\\nQuanta evaluated the impact of these items under the guidance in ASC 250-10 (SEC Staff Accounting Bulle-\\ntin No. 99, “Materiality,”) on each of the years affected between 2000 and 2004 and on a cumulative basis for all\\nprior periods subsequent to 2004 and through December 31, 2008 and concluded the items were not material to any\\nsuch periods. Management also evaluated the impact of correcting these items through a cumulative adjustment to\\nQuanta’s 2009 financial statements and concluded that the cumulative impact would have been material to its\\ninterim results for the three and nine month periods ended September 30, 2009. As a result of these evaluations and\\nbased on the guidance within ASC 250-10 (SEC Staff Accounting Bulletin No. 108, “Considering the Effects of\\nPrior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,”), management\\nhas revised its previously issued financial statements to reflect the cumulative impact of this correction. The\\nfollowing table presents the impact of this revision on Quanta’s December 31, 2008 balance sheet (in thousands):\\n\\nPrepaid expenses and other current assets . . . . . . . . . . . .\\nTotal assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeferred income tax liability . . . . . . . . . . . . . . . . . . . . . .\\nTotal liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccumulated deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal liabilities and equity . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nAs Reported(a)\\n\\nAdjustment\\n\\nAs Revised\\n\\n$\\n\\n$ 3,916\\n3,916\\n(7,243)\\n(7,243)\\n11,159\\n11,159\\n$ 3,916\\n\\n$ 72,063\\n3,558,159\\n83,861\\n875,785\\n(86,326)\\n2,682,374\\n$3,558,159\\n\\n68,147\\n3,554,243\\n91,104\\n883,028\\n(97,485)\\n2,671,215\\n$3,554,243\\n\\n(a) Amounts displayed “as reported” reflect the impact of the adoption of FSP APB 14-1 (ASC 470-20). See\\nadditional discussion in Note 3.\\n\\nCash and Cash Equivalents\\n\\nQuanta had cash and cash equivalents of $437.9 million and $699.6 million as of December 31, 2008 and 2009.\\nCash consisting of interest-bearing demand deposits is carried at cost, which approximates fair value. Quanta\\nconsiders all highly liquid investments purchased with an original maturity of three months or less to be cash\\n\\n75\",\"name\":\"fintabnet.PWR_2009_page_92__100dpi_mild\",\"page_id\":\"fintabnet.PWR_2009_page_92\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.444,\"source\":\"fintabnet\",\"source_id\":\"PWR_2009_page_92\",\"stack\":[{\"deg\":-0.444,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.425},{\"op\":\"noise\",\"sigma\":2.554},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[121.3,716.8,704.7,850.0],\"block_orders\":[7,8,9,10,11,12,13,14],\"cells\":null}],\"text\":\"QUANTA SERVICES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)\\n\\nbasis and records the effect of any necessary adjustments prior to their publication. Judgments and estimates are\\nbased on Quanta’s beliefs and assumptions derived from information available at the time such judgments and\\nestimates are made. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of\\nfinancial statements. Estimates are primarily used in Quanta’s assessment of the allowance for doubtful accounts,\\nvaluation of inventory, useful lives of assets, fair value assumptions in analyzing goodwill, other intangibles and\\nlong-lived asset impairments, valuation of derivative contracts, purchase price allocations, liabilities for self-\\ninsured claims, convertible debt, revenue recognition for construction contracts and fiber optic licensing, share-\\nbased compensation, operating results of reportable segments, provision for income taxes and calculation of\\nuncertain tax positions.\\n\\nReclassifications\\n\\nCertain reclassifications have been made in prior years’ financial statements to conform to classifications used\\nin the current year.\\n\\nRevision of Previously Issued Financial Statements\\n\\nDuring the third quarter of 2009, Quanta revised its December 31, 2008 balance sheet for the correction of\\ncertain errors identified in its deferred tax asset and liability accounts during the years 2000 through 2004. These\\nitems were identified in connection with Quanta’s 2009 analysis of its tax basis balance sheet, whereby Quanta\\ndetermined that certain deferred tax asset and liability accounts related primarily to goodwill impairments and\\ncertain bad debt expense transactions were misstated. The cumulative impact of these items from the period\\nJanuary 1, 2005 through December 31, 2008 was an understatement of deferred tax assets, an overstatement of\\ndeferred tax liabilities, an overstatement of accumulated deficit and an understatement of total stockholders’ equity.\\nQuanta evaluated the impact of these items under the guidance in ASC 250-10 (SEC Staff Accounting Bulle-\\ntin No. 99, “Materiality,”) on each of the years affected between 2000 and 2004 and on a cumulative basis for all\\nprior periods subsequent to 2004 and through December 31, 2008 and concluded the items were not material to any\\nsuch periods. Management also evaluated the impact of correcting these items through a cumulative adjustment to\\nQuanta’s 2009 financial statements and concluded that the cumulative impact would have been material to its\\ninterim results for the three and nine month periods ended September 30, 2009. As a result of these evaluations and\\nbased on the guidance within ASC 250-10 (SEC Staff Accounting Bulletin No. 108, “Considering the Effects of\\nPrior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements,”), management\\nhas revised its previously issued financial statements to reflect the cumulative impact of this correction. The\\nfollowing table presents the impact of this revision on Quanta’s December 31, 2008 balance sheet (in thousands):\\n\\nPrepaid expenses and other current assets . . . . . . . . . . . .\\nTotal assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeferred income tax liability . . . . . . . . . . . . . . . . . . . . . .\\nTotal liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccumulated deficit . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal liabilities and equity . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nAs Reported(a)\\n\\nAdjustment\\n\\nAs Revised\\n\\n$\\n\\n$ 3,916\\n3,916\\n(7,243)\\n(7,243)\\n11,159\\n11,159\\n$ 3,916\\n\\n$ 72,063\\n3,558,159\\n83,861\\n875,785\\n(86,326)\\n2,682,374\\n$3,558,159\\n\\n68,147\\n3,554,243\\n91,104\\n883,028\\n(97,485)\\n2,671,215\\n$3,554,243\\n\\n(a) Amounts displayed “as reported” reflect the impact of the adoption of FSP APB 14-1 (ASC 470-20). See\\nadditional discussion in Note 3.\\n\\nCash and Cash Equivalents\\n\\nQuanta had cash and cash equivalents of $437.9 million and $699.6 million as of December 31, 2008 and 2009.\\nCash consisting of interest-bearing demand deposits is carried at cost, which approximates fair value. Quanta\\nconsiders all highly liquid investments purchased with an original maturity of three months or less to be cash\\n\\n75\"},\"name\":\"fintabnet.PWR_2009_page_92__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":437600,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:PWR_2009\",\"dpi\":100,\"gt_sha256\":\"3cc27c8ceb07458e615ec947c95344b7a331a50d340daefaad00c1469b71c016\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.PWR_2009_page_92__100dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.PWR_2009_page_92\",\"pdf_sha256\":\"e92e501ec5954751a515d9085ebc9262cec70b662d6a4a1ba725d49adb9de109\",\"px\":[850,1100],\"scan\":{\"render\":\"000007e03ffc3ffc300030003ffc3ffc3ffc3ffc3ffc3858385838000b300000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"PWR_2009_page_92\",\"src\":{\"file_sha256\":\"4e09fb24d037ded65f24b554ab2f5b67f26db88103644da59bcf08f482876f95\",\"render\":\"000007e03ffc3ffc300030003ffc3ffc3ffc3ffc3ef83858384838003f300000\",\"text\":\"08a619edafdaa25dbae58793233380c597eeeda72be6c04fa5e91c6362d3a0eb\"},\"stack\":[{\"deg\":-0.444,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.425},{\"op\":\"noise\",\"sigma\":2.554},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e92e501ec5954751a515d9085ebc9262cec70b662d6a4a1ba725d49adb9de109\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e92e501ec5954751a515d9085ebc9262cec70b662d6a4a1ba725d49adb9de109.pdf","asset_sha256":"e92e501ec5954751a515d9085ebc9262cec70b662d6a4a1ba725d49adb9de109","document_id":"fintabnet:PWR_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"PWR_2009_page_92\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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At September 24,\"},{\"bbox\":[52.2,88.3,538.7,105.3],\"text\":\"2006, total unrecognized estimated compensation cost related to non-vested stock options granted prior to that date was $1.2 billion,\"},{\"bbox\":[52.0,99.3,530.5,116.2],\"text\":\"which is expected to be recognized over a weighted-average period of 1.7 years. Total share-based compensation cost capitalized as part\"},{\"bbox\":[51.8,110.3,537.1,127.3],\"text\":\"of inventory and fixed assets was $1 million during fiscal 2006. The total intrinsic value of stock options exercised during fiscal 2006 was\"},{\"bbox\":[51.7,121.3,531.5,138.2],\"text\":\"$1.1 billion. The Company recorded cash received from the exercise of stock options of $608 million and related tax benefits of $421 million\"},{\"bbox\":[51.5,132.3,342.5,146.6],\"text\":\"during fiscal 2006. Upon option exercise, the Company issues new shares of stock.\"}],\"order\":1,\"text\":\"The Company’s determination of fair value of share-based payment awards on the date of grant using an option-pricing model is affected\\nby the Company’s stock price as well as assumptions regarding a number of highly complex and subjective variables. At September 24,\\n2006, total unrecognized estimated compensation cost related to non-vested stock options granted prior to that date was $1.2 billion,\\nwhich is expected to be recognized over a weighted-average period of 1.7 years. Total share-based compensation cost capitalized as part\\nof inventory and fixed assets was $1 million during fiscal 2006. The total intrinsic value of stock options exercised during fiscal 2006 was\\n$1.1 billion. The Company recorded cash received from the exercise of stock options of $608 million and related tax benefits of $421 million\\nduring fiscal 2006. Upon option exercise, the Company issues new shares of stock.\"},{\"bbox\":[51.1,154.3,535.2,182.3],\"lines\":[{\"bbox\":[51.2,154.3,535.2,171.3],\"text\":\"Additional information about stock options outstanding at September 24, 2006 with exercise prices less than or above $37.86 per share,\"},{\"bbox\":[51.1,165.3,339.9,179.5],\"text\":\"the closing price at September 24, 2006, follows (number of shares in thousands):\"}],\"order\":2,\"text\":\"Additional information about stock options outstanding at September 24, 2006 with exercise prices less than or above $37.86 per share,\\nthe closing price at September 24, 2006, follows (number of shares in 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outstanding\\t\\t\\t\\t\\t\"}],\"order\":24,\"text\":\"Total outstanding\\t\\t\\t\\t\\t\"},{\"bbox\":[305.0,262.9,331.8,272.2],\"lines\":[{\"bbox\":[305.0,262.9,331.8,272.2],\"text\":\"121,872\"}],\"order\":25,\"text\":\"121,872\"},{\"bbox\":[351.2,263.5,373.8,272.8],\"lines\":[{\"bbox\":[351.2,263.5,373.8,272.8],\"text\":\"$24.42\"}],\"order\":26,\"text\":\"$24.42\"},{\"bbox\":[393.2,264.1,415.8,273.3],\"lines\":[{\"bbox\":[393.2,264.1,415.8,273.3],\"text\":\"79,983\"}],\"order\":27,\"text\":\"79,983\"},{\"bbox\":[435.2,264.7,457.8,273.9],\"lines\":[{\"bbox\":[435.2,264.7,457.8,273.9],\"text\":\"$36.49\"}],\"order\":28,\"text\":\"$36.49\"},{\"bbox\":[472.9,265.3,499.8,274.5],\"lines\":[{\"bbox\":[472.9,265.3,499.8,274.5],\"text\":\"201,855\"}],\"order\":29,\"text\":\"201,855\"},{\"bbox\":[519.1,265.9,541.8,275.1],\"lines\":[{\"bbox\":[519.1,265.9,541.8,275.1],\"text\":\"$29.20\"}],\"order\":30,\"text\":\"$29.20\"},{\"bbox\":[49.1,291.3,523.3,319.1],\"lines\":[{\"bbox\":[49.3,291.3,523.3,308.1],\"text\":\"Information under FAS 123 for Periods Prior to Fiscal 2006. A summary of stock option transactions for all stock option plans follows\"},{\"bbox\":[49.1,302.3,164.3,314.1],\"text\":\"(number of shares in thousands):\"}],\"order\":31,\"text\":\"Information under FAS 123 for Periods Prior to Fiscal 2006. A summary of stock option transactions for all stock option plans follows\\n(number of shares in thousands):\"},{\"bbox\":[430.1,319.7,494.9,329.5],\"lines\":[{\"bbox\":[430.1,319.7,494.9,329.5],\"text\":\"Options Outstanding\"}],\"order\":32,\"text\":\"Options Outstanding\"},{\"bbox\":[48.8,325.3,286.3,337.5],\"lines\":[{\"bbox\":[48.8,325.3,286.3,337.5],\"text\":\"\\t\\t\\t\\t\\t\"}],\"order\":33,\"text\":\"\\t\\t\\t\\t\\t\"},{\"bbox\":[454.6,331.0,531.1,341.0],\"lines\":[{\"bbox\":[454.6,331.0,531.1,341.0],\"text\":\"Exercise Price Per Share\"}],\"order\":34,\"text\":\"Exercise Price Per Share\"},{\"bbox\":[343.9,331.5,372.9,358.8],\"lines\":[{\"bbox\":[351.1,331.6,372.9,340.8],\"text\":\"Shares\"},{\"bbox\":[344.1,340.5,372.8,349.7],\"text\":\"Available\"},{\"bbox\":[343.9,349.5,372.7,358.8],\"text\":\"for Grant\"}],\"order\":35,\"text\":\"Shares\\nAvailable\\nfor Grant\"},{\"bbox\":[384.6,341.0,500.2,360.5],\"lines\":[{\"bbox\":[389.9,341.1,500.2,351.5],\"text\":\"Number\\t\\t\"},{\"bbox\":[384.6,350.0,414.7,359.3],\"text\":\"of Shares\"},{\"bbox\":[479.0,351.4,498.6,360.5],\"text\":\"Range\"}],\"order\":36,\"text\":\"Number\\t\\t\\nof Shares\\nRange\"},{\"bbox\":[510.7,342.8,540.8,361.1],\"lines\":[{\"bbox\":[510.8,342.8,540.8,352.1],\"text\":\"Weighted\"},{\"bbox\":[515.2,351.9,540.6,361.1],\"text\":\"Average\"}],\"order\":37,\"text\":\"Weighted\\nAverage\"},{\"bbox\":[48.4,356.3,285.9,368.6],\"lines\":[{\"bbox\":[48.4,356.3,285.9,368.6],\"text\":\"Balance at September 28, 2003\\t\\t\\t\\t\\t\"}],\"order\":38,\"text\":\"Balance at September 28, 2003\\t\\t\\t\\t\\t\"},{\"bbox\":[349.8,360.5,372.5,369.7],\"lines\":[{\"bbox\":[349.8,360.5,372.5,369.7],\"text\":\"23,746\"}],\"order\":39,\"text\":\"23,746\"},{\"bbox\":[387.6,361.1,498.4,371.5],\"lines\":[{\"bbox\":[387.6,361.1,498.4,371.5],\"text\":\"212,972\\t\\t $0.07 to $86.19\"}],\"order\":40,\"text\":\"212,972\\t\\t $0.07 to $86.19\"},{\"bbox\":[517.8,362.9,540.5,372.1],\"lines\":[{\"bbox\":[517.8,362.9,540.5,372.1],\"text\":\"$17.28\"}],\"order\":41,\"text\":\"$17.28\"},{\"bbox\":[57.2,367.4,285.8,379.5],\"lines\":[{\"bbox\":[57.2,367.4,285.8,379.5],\"text\":\"Additional shares reserved\\t\\t\\t\\t\\t\"}],\"order\":42,\"text\":\"Additional shares reserved\\t\\t\\t\\t\\t\"},{\"bbox\":[349.7,371.5,372.3,380.7],\"lines\":[{\"bbox\":[349.7,371.5,372.3,380.7],\"text\":\"64,000\"}],\"order\":43,\"text\":\"64,000\"},{\"bbox\":[408.8,372.4,414.3,381.3],\"lines\":[{\"bbox\":[408.8,372.4,414.3,381.3],\"text\":\"—\"}],\"order\":44,\"text\":\"—\"},{\"bbox\":[492.8,373.6,498.3,382.5],\"lines\":[{\"bbox\":[492.8,373.6,498.3,382.5],\"text\":\"—\"}],\"order\":45,\"text\":\"—\"},{\"bbox\":[534.8,374.1,540.3,383.1],\"lines\":[{\"bbox\":[534.8,374.1,540.3,383.1],\"text\":\"—\"}],\"order\":46,\"text\":\"—\"},{\"bbox\":[57.1,378.4,285.6,390.5],\"lines\":[{\"bbox\":[57.1,378.4,285.6,390.5],\"text\":\"Options granted\\t\\t\\t\\t\\t\"}],\"order\":47,\"text\":\"Options granted\\t\\t\\t\\t\\t\"},{\"bbox\":[347.4,382.5,374.4,391.8],\"lines\":[{\"bbox\":[347.4,382.5,374.4,391.8],\"text\":\"(31,252)\"}],\"order\":48,\"text\":\"(31,252)\"},{\"bbox\":[391.5,383.1,414.2,392.3],\"lines\":[{\"bbox\":[391.5,383.1,414.2,392.3],\"text\":\"31,252\"}],\"order\":49,\"text\":\"31,252\"},{\"bbox\":[447.6,383.9,498.2,393.5],\"lines\":[{\"bbox\":[447.6,383.9,498.2,393.5],\"text\":\"21.50 to 40.40\"}],\"order\":50,\"text\":\"21.50 to 40.40\"},{\"bbox\":[521.7,385.0,540.2,394.1],\"lines\":[{\"bbox\":[521.7,385.0,540.2,394.1],\"text\":\"27.19\"}],\"order\":51,\"text\":\"27.19\"},{\"bbox\":[56.9,389.4,285.4,401.5],\"lines\":[{\"bbox\":[56.9,389.4,285.4,401.5],\"text\":\"Options cancelled\\t\\t\\t\\t\\t\"}],\"order\":52,\"text\":\"Options cancelled\\t\\t\\t\\t\\t\"},{\"bbox\":[353.6,393.6,372.0,402.7],\"lines\":[{\"bbox\":[353.6,393.6,372.0,402.7],\"text\":\"4,420\"}],\"order\":53,\"text\":\"4,420\"},{\"bbox\":[393.4,394.2,416.2,403.4],\"lines\":[{\"bbox\":[393.4,394.2,416.2,403.4],\"text\":\"(4,420)\"}],\"order\":54,\"text\":\"(4,420)\"},{\"bbox\":[451.6,395.0,498.0,404.5],\"lines\":[{\"bbox\":[451.6,395.0,498.0,404.5],\"text\":\"2.30 to 70.00\"}],\"order\":55,\"text\":\"2.30 to 70.00\"},{\"bbox\":[521.6,396.0,540.0,405.1],\"lines\":[{\"bbox\":[521.6,396.0,540.0,405.1],\"text\":\"28.15\"}],\"order\":56,\"text\":\"28.15\"},{\"bbox\":[56.8,400.4,285.3,412.5],\"lines\":[{\"bbox\":[56.8,400.4,285.3,412.5],\"text\":\"Options exercised\\t\\t\\t\\t\\t\"}],\"order\":57,\"text\":\"Options exercised\\t\\t\\t\\t\\t\"},{\"bbox\":[366.4,404.8,371.9,413.7],\"lines\":[{\"bbox\":[366.4,404.8,371.9,413.7],\"text\":\"—\"}],\"order\":58,\"text\":\"—\"},{\"bbox\":[389.0,405.1,416.0,414.4],\"lines\":[{\"bbox\":[389.0,405.1,416.0,414.4],\"text\":\"(36,220)\"}],\"order\":59,\"text\":\"(36,220)\"},{\"bbox\":[451.4,406.0,497.9,415.5],\"lines\":[{\"bbox\":[451.4,406.0,497.9,415.5],\"text\":\"0.14 to 37.34\"}],\"order\":60,\"text\":\"0.14 to 37.34\"},{\"bbox\":[525.6,407.0,539.9,416.1],\"lines\":[{\"bbox\":[525.6,407.0,539.9,416.1],\"text\":\"7.85\"}],\"order\":61,\"text\":\"7.85\"},{\"bbox\":[386.9,416.1,497.7,426.5],\"lines\":[{\"bbox\":[386.9,416.1,497.7,426.5],\"text\":\"203,584\\t\\t $0.07 to $86.19\"}],\"order\":62,\"text\":\"203,584\\t\\t $0.07 to $86.19\"},{\"bbox\":[517.0,417.9,539.7,427.1],\"lines\":[{\"bbox\":[517.0,417.9,539.7,427.1],\"text\":\"$20.25\"}],\"order\":63,\"text\":\"$20.25\"},{\"bbox\":[48.6,336.3,286.2,357.5],\"lines\":[{\"bbox\":[48.7,336.3,286.2,348.5],\"text\":\"\\t\\t\\t\\t\\t\"},{\"bbox\":[48.6,345.3,286.1,357.5],\"text\":\"\\t\\t\\t\\t\\t\"}],\"order\":64,\"text\":\"\\t\\t\\t\\t\\t\\n\\t\\t\\t\\t\\t\"},{\"bbox\":[47.6,411.3,146.5,421.6],\"lines\":[{\"bbox\":[47.6,411.3,146.5,421.6],\"text\":\"Balance at September 26, 2004\"}],\"order\":65,\"text\":\"Balance at September 26, 2004\"},{\"bbox\":[157.6,412.8,285.1,423.5],\"lines\":[{\"bbox\":[157.6,412.8,285.1,423.5],\"text\":\"\\t\\t\\t\\t\"}],\"order\":66,\"text\":\"\\t\\t\\t\\t\"},{\"bbox\":[349.1,415.5,371.7,424.7],\"lines\":[{\"bbox\":[349.1,415.5,371.7,424.7],\"text\":\"60,914\"}],\"order\":67,\"text\":\"60,914\"},{\"bbox\":[56.5,422.4,285.0,434.5],\"lines\":[{\"bbox\":[56.5,422.4,285.0,434.5],\"text\":\"Additional shares reserved (1) \\t\\t\\t\\t\\t\"}],\"order\":68,\"text\":\"Additional shares reserved (1) \\t\\t\\t\\t\\t\"},{\"bbox\":[358.8,426.7,371.6,435.7],\"lines\":[{\"bbox\":[358.8,426.7,371.6,435.7],\"text\":\"765\"}],\"order\":69,\"text\":\"765\"},{\"bbox\":[56.3,433.4,284.8,445.5],\"lines\":[{\"bbox\":[56.3,433.4,284.8,445.5],\"text\":\"Options assumed (1) \\t\\t\\t\\t\\t\"}],\"order\":70,\"text\":\"Options assumed (1) \\t\\t\\t\\t\\t\"},{\"bbox\":[356.5,437.6,373.6,446.8],\"lines\":[{\"bbox\":[356.5,437.6,373.6,446.8],\"text\":\"(765)\"}],\"order\":71,\"text\":\"(765)\"},{\"bbox\":[56.2,444.4,284.7,456.5],\"lines\":[{\"bbox\":[56.2,444.4,284.7,456.5],\"text\":\"Plan shares expired (2) \\t\\t\\t\\t\\t\"}],\"order\":72,\"text\":\"Plan shares expired (2) \\t\\t\\t\\t\\t\"},{\"bbox\":[360.6,448.7,373.4,457.8],\"lines\":[{\"bbox\":[360.6,448.7,373.4,457.8],\"text\":\"(57)\"}],\"order\":73,\"text\":\"(57)\"},{\"bbox\":[56.0,455.4,284.5,467.5],\"lines\":[{\"bbox\":[56.0,455.4,284.5,467.5],\"text\":\"Options granted\\t\\t\\t\\t\\t\"}],\"order\":74,\"text\":\"Options granted\\t\\t\\t\\t\\t\"},{\"bbox\":[346.3,459.5,373.3,468.8],\"lines\":[{\"bbox\":[346.3,459.5,373.3,468.8],\"text\":\"(34,434)\"}],\"order\":75,\"text\":\"(34,434)\"},{\"bbox\":[55.9,466.4,284.4,478.5],\"lines\":[{\"bbox\":[55.9,466.4,284.4,478.5],\"text\":\"Options cancelled\\t\\t\\t\\t\\t\"}],\"order\":76,\"text\":\"Options cancelled\\t\\t\\t\\t\\t\"},{\"bbox\":[55.7,477.4,284.2,489.5],\"lines\":[{\"bbox\":[55.7,477.4,284.2,489.5],\"text\":\"Options exercised\\t\\t\\t\\t\\t\"}],\"order\":77,\"text\":\"Options exercised\\t\\t\\t\\t\\t\"},{\"bbox\":[46.6,488.3,284.1,500.5],\"lines\":[{\"bbox\":[46.6,488.3,284.1,500.5],\"text\":\"Balance at September 25, 2005\\t\\t\\t\\t\\t\"}],\"order\":78,\"text\":\"Balance at September 25, 2005\\t\\t\\t\\t\\t\"},{\"bbox\":[348.0,492.5,370.6,501.7],\"lines\":[{\"bbox\":[348.0,492.5,370.6,501.7],\"text\":\"32,244\"}],\"order\":79,\"text\":\"32,244\"},{\"bbox\":[408.1,427.4,456.9,436.9],\"lines\":[{\"bbox\":[408.1,427.4,456.9,436.9],\"text\":\"—\\t\\t\"}],\"order\":80,\"text\":\"—\\t\\t\"},{\"bbox\":[400.7,438.3,413.4,447.3],\"lines\":[{\"bbox\":[400.7,438.3,413.4,447.3],\"text\":\"765\"}],\"order\":81,\"text\":\"765\"},{\"bbox\":[492.0,428.5,497.6,437.5],\"lines\":[{\"bbox\":[492.0,428.5,497.6,437.5],\"text\":\"—\"}],\"order\":82,\"text\":\"—\"},{\"bbox\":[534.0,429.1,539.6,438.1],\"lines\":[{\"bbox\":[534.0,429.1,539.6,438.1],\"text\":\"—\"}],\"order\":83,\"text\":\"—\"},{\"bbox\":[451.0,439.0,497.4,448.5],\"lines\":[{\"bbox\":[451.0,439.0,497.4,448.5],\"text\":\"0.09 to 38.48\"}],\"order\":84,\"text\":\"0.09 to 38.48\"},{\"bbox\":[520.9,440.0,539.4,449.1],\"lines\":[{\"bbox\":[520.9,440.0,539.4,449.1],\"text\":\"24.32\"}],\"order\":85,\"text\":\"24.32\"},{\"bbox\":[491.7,450.5,497.2,459.5],\"lines\":[{\"bbox\":[491.7,450.5,497.2,459.5],\"text\":\"—\"}],\"order\":86,\"text\":\"—\"},{\"bbox\":[533.7,451.1,539.2,460.1],\"lines\":[{\"bbox\":[533.7,451.1,539.2,460.1],\"text\":\"—\"}],\"order\":87,\"text\":\"—\"},{\"bbox\":[390.4,460.1,413.1,469.3],\"lines\":[{\"bbox\":[390.4,460.1,413.1,469.3],\"text\":\"34,434\"}],\"order\":88,\"text\":\"34,434\"},{\"bbox\":[446.5,460.9,497.1,470.5],\"lines\":[{\"bbox\":[446.5,460.9,497.1,470.5],\"text\":\"33.01 to 44.55\"}],\"order\":89,\"text\":\"33.01 to 44.55\"},{\"bbox\":[520.6,462.0,539.1,471.1],\"lines\":[{\"bbox\":[520.6,462.0,539.1,471.1],\"text\":\"38.51\"}],\"order\":90,\"text\":\"38.51\"},{\"bbox\":[352.5,470.6,370.9,479.7],\"lines\":[{\"bbox\":[352.5,470.6,370.9,479.7],\"text\":\"5,821\"}],\"order\":91,\"text\":\"5,821\"},{\"bbox\":[392.3,471.1,415.1,480.4],\"lines\":[{\"bbox\":[392.3,471.1,415.1,480.4],\"text\":\"(5,821)\"}],\"order\":92,\"text\":\"(5,821)\"},{\"bbox\":[450.5,472.0,496.9,481.5],\"lines\":[{\"bbox\":[450.5,472.0,496.9,481.5],\"text\":\"1.60 to 70.00\"}],\"order\":93,\"text\":\"1.60 to 70.00\"},{\"bbox\":[520.5,472.9,538.9,482.1],\"lines\":[{\"bbox\":[520.5,472.9,538.9,482.1],\"text\":\"31.16\"}],\"order\":94,\"text\":\"31.16\"},{\"bbox\":[365.3,481.8,370.8,490.7],\"lines\":[{\"bbox\":[365.3,481.8,370.8,490.7],\"text\":\"—\"}],\"order\":95,\"text\":\"—\"},{\"bbox\":[388.0,482.1,415.0,491.3],\"lines\":[{\"bbox\":[388.0,482.1,415.0,491.3],\"text\":\"(30,168)\"}],\"order\":96,\"text\":\"(30,168)\"},{\"bbox\":[450.4,483.0,496.8,492.5],\"lines\":[{\"bbox\":[450.4,483.0,496.8,492.5],\"text\":\"0.07 to 43.00\"}],\"order\":97,\"text\":\"0.07 to 43.00\"},{\"bbox\":[520.3,483.9,538.8,493.1],\"lines\":[{\"bbox\":[520.3,483.9,538.8,493.1],\"text\":\"11.52\"}],\"order\":98,\"text\":\"11.52\"},{\"bbox\":[385.8,493.1,496.6,503.5],\"lines\":[{\"bbox\":[385.8,493.1,496.6,503.5],\"text\":\"202,794\\t\\t $0.09 to $86.19\"}],\"order\":99,\"text\":\"202,794\\t\\t $0.09 to $86.19\"},{\"bbox\":[516.0,494.9,538.6,504.1],\"lines\":[{\"bbox\":[516.0,494.9,538.6,504.1],\"text\":\"$24.35\"}],\"order\":100,\"text\":\"$24.35\"},{\"bbox\":[40.3,508.8,45.4,514.1],\"lines\":[{\"bbox\":[40.3,508.8,45.4,514.1],\"text\":\"(1)\"}],\"order\":101,\"text\":\"(1)\"},{\"bbox\":[46.3,508.3,338.4,521.3],\"lines\":[{\"bbox\":[46.3,508.3,338.4,521.3],\"text\":\"Represents activity related to options that were assumed as a result of acquisitions (Note 11).\"}],\"order\":102,\"text\":\"Represents activity related to options that were assumed as a result of acquisitions (Note 11).\"},{\"bbox\":[40.2,519.8,45.2,525.1],\"lines\":[{\"bbox\":[40.2,519.8,45.2,525.1],\"text\":\"(2)\"}],\"order\":103,\"text\":\"(2)\"},{\"bbox\":[46.1,519.3,359.7,532.6],\"lines\":[{\"bbox\":[46.1,519.3,359.7,532.6],\"text\":\"Represents shares available for future grant cancelled pursuant to the Iridigm and Spike acquisitions.\"}],\"order\":104,\"text\":\"Represents shares available for future grant cancelled pursuant to the Iridigm and Spike acquisitions.\"},{\"bbox\":[407.7,449.4,456.6,458.9],\"lines\":[{\"bbox\":[407.7,449.4,456.6,458.9],\"text\":\"—\\t\\t\"}],\"order\":105,\"text\":\"—\\t\\t\"},{\"bbox\":[45.3,551.3,521.2,590.1],\"lines\":[{\"bbox\":[45.6,551.3,521.2,568.1],\"text\":\"There were approximately 124,491,000 options exercisable with a weighted average exercise price of $21.11 per share at September 25,\"},{\"bbox\":[45.5,562.3,499.4,578.8],\"text\":\"2005. There were approximately 124,650,000 options exercisable with a weighted average exercise price of $17.41 per share at\"},{\"bbox\":[45.3,573.3,120.9,584.5],\"text\":\"September 26, 2004.\"}],\"order\":106,\"text\":\"There were approximately 124,491,000 options exercisable with a weighted average exercise price of $21.11 per share at September 25,\\n2005. There were approximately 124,650,000 options exercisable with a weighted average exercise price of $17.41 per share at\\nSeptember 26, 2004.\"},{\"bbox\":[43.9,612.1,280.9,691.6],\"lines\":[{\"bbox\":[44.8,612.1,158.4,623.9],\"text\":\"Employee Stock Purchase Plans\"},{\"bbox\":[44.6,623.1,279.0,636.6],\"text\":\"The Company has two employee stock purchase plans for all eligible\"},{\"bbox\":[44.5,634.1,280.6,647.6],\"text\":\"employees to purchase shares of common stock at 85% of the lower\"},{\"bbox\":[44.3,645.1,280.4,658.6],\"text\":\"of the fair market value on the first or the last day of each six-month\"},{\"bbox\":[44.2,656.1,277.2,669.5],\"text\":\"offering period. Employees may authorize the Company to withhold\"},{\"bbox\":[44.0,667.1,279.0,680.6],\"text\":\"up to 15% of their compensation during any offering period, subject\"},{\"bbox\":[43.9,678.1,266.5,691.4],\"text\":\"to certain limitations. The 2001 Employee Stock Purchase Plan\"}],\"order\":107,\"text\":\"Employee Stock Purchase Plans\\nThe Company has two employee stock purchase plans for all eligible\\nemployees to purchase shares of common stock at 85% of the lower\\nof the fair market value on the first or the last day of each six-month\\noffering period. Employees may authorize the Company to withhold\\nup to 15% of their compensation during any offering period, subject\\nto certain limitations. The 2001 Employee Stock Purchase Plan\"},{\"bbox\":[43.0,743.3,112.8,754.5],\"lines\":[{\"bbox\":[43.0,743.3,112.8,754.5],\"text\":\"72 qualcomm 2006\"}],\"order\":108,\"text\":\"72 qualcomm 2006\"},{\"bbox\":[299.8,615.7,536.6,695.2],\"lines\":[{\"bbox\":[300.8,615.7,531.4,629.1],\"text\":\"authorizes up to approximately 24,309,000 shares to be granted.\"},{\"bbox\":[300.6,626.7,536.4,640.2],\"text\":\"The 1996 Non-Qualified Employee Stock Purchase Plan authorizes\"},{\"bbox\":[300.5,637.7,531.5,651.1],\"text\":\"up to 400,000 shares to be granted. During fiscal 2006, 2005 and\"},{\"bbox\":[300.3,648.7,532.4,662.1],\"text\":\"2004, approximately 2,220,000, 1,786,000 and 2,205,000 shares\"},{\"bbox\":[300.2,659.7,533.0,673.1],\"text\":\"were issued under the plans at an average price of $31.10, $29.63\"},{\"bbox\":[300.0,670.7,535.5,684.2],\"text\":\"and $18.60 per share, respectively. At September 24, 2006, approxi-\"},{\"bbox\":[299.8,681.7,515.7,694.9],\"text\":\"mately 13,226,000 shares were reserved for future issuance.\"}],\"order\":109,\"text\":\"authorizes up to approximately 24,309,000 shares to be granted.\\nThe 1996 Non-Qualified Employee Stock Purchase Plan authorizes\\nup to 400,000 shares to be granted. During fiscal 2006, 2005 and\\n2004, approximately 2,220,000, 1,786,000 and 2,205,000 shares\\nwere issued under the plans at an average price of $31.10, $29.63\\nand $18.60 per share, respectively. At September 24, 2006, approxi-\\nmately 13,226,000 shares were reserved for future issuance.\"}],\"doc\":\"fintabnet:QCOM_2006\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Notes to Consolidated Financial Statements continued\\n\\nThe Company’s determination of fair value of share-based payment awards on the date of grant using an option-pricing model is affected\\nby the Company’s stock price as well as assumptions regarding a number of highly complex and subjective variables. At September 24,\\n2006, total unrecognized estimated compensation cost related to non-vested stock options granted prior to that date was $1.2 billion,\\nwhich is expected to be recognized over a weighted-average period of 1.7 years. Total share-based compensation cost capitalized as part\\nof inventory and fixed assets was $1 million during fiscal 2006. The total intrinsic value of stock options exercised during fiscal 2006 was\\n$1.1 billion. The Company recorded cash received from the exercise of stock options of $608 million and related tax benefits of $421 million\\nduring fiscal 2006. Upon option exercise, the Company issues new shares of stock.\\n\\nAdditional information about stock options outstanding at September 24, 2006 with exercise prices less than or above $37.86 per share,\\nthe closing price at September 24, 2006, follows (number of shares in thousands):\\n\\nExercisable\\n\\n\\t\\t\\t\\t\\t\\t\\n\\t\\t\\t\\t\\t\\t\\n\\t\\t\\t\\t\\t\\nNumber\\nStock Options\\t\\t\\t\\t\\t\\nof Shares\\n\\nUnexercisable\\n\\nWeighted\\t\\t\\nAverage\\t\\t\\nExercise\\nNumber\\nPrice\\nof Shares\\n\\nTotal\\n\\nWeighted\\t\\t\\nAverage\\t\\t\\nExercise\\nNumber\\nPrice\\nof Shares\\n\\nWeighted\\nAverage\\nExercise\\nPrice\\n\\nLess than $37.86\\t\\t\\t\\t\\t\\n\\n98,804\\n\\n$19.59\\n\\n37,751\\n\\n$26.57\\n\\n136,555\\n\\nAbove $37.86\\t\\t\\t\\t\\t\\n\\n23,068\\n\\n45.10\\n\\n42,232\\n\\n45.36\\n\\n65,300\\n\\n$21.52\\n\\n45.27\\n\\nTotal outstanding\\t\\t\\t\\t\\t\\n\\n121,872\\n\\n$24.42\\n\\n79,983\\n\\n$36.49\\n\\n201,855\\n\\n$29.20\\n\\nInformation under FAS 123 for Periods Prior to Fiscal 2006. A summary of stock option transactions for all stock option plans follows\\n(number of shares in thousands):\\n\\nOptions Outstanding\\n\\n\\t\\t\\t\\t\\t\\n\\nExercise Price Per Share\\n\\nShares\\nAvailable\\nfor Grant\\n\\nNumber\\t\\t\\nof Shares\\nRange\\n\\nWeighted\\nAverage\\n\\nBalance at September 28, 2003\\t\\t\\t\\t\\t\\n\\n23,746\\n\\n212,972\\t\\t $0.07 to $86.19\\n\\n$17.28\\n\\nAdditional shares reserved\\t\\t\\t\\t\\t\\n\\n64,000\\n\\n—\\n\\n—\\n\\n—\\n\\nOptions granted\\t\\t\\t\\t\\t\\n\\n(31,252)\\n\\n31,252\\n\\n21.50 to 40.40\\n\\n27.19\\n\\nOptions cancelled\\t\\t\\t\\t\\t\\n\\n4,420\\n\\n(4,420)\\n\\n2.30 to 70.00\\n\\n28.15\\n\\nOptions exercised\\t\\t\\t\\t\\t\\n\\n—\\n\\n(36,220)\\n\\n0.14 to 37.34\\n\\n7.85\\n\\n203,584\\t\\t $0.07 to $86.19\\n\\n$20.25\\n\\n\\t\\t\\t\\t\\t\\n\\t\\t\\t\\t\\t\\n\\nBalance at September 26, 2004\\n\\n\\t\\t\\t\\t\\n\\n60,914\\n\\nAdditional shares reserved (1) \\t\\t\\t\\t\\t\\n\\n765\\n\\nOptions assumed (1) \\t\\t\\t\\t\\t\\n\\n(765)\\n\\nPlan shares expired (2) \\t\\t\\t\\t\\t\\n\\n(57)\\n\\nOptions granted\\t\\t\\t\\t\\t\\n\\n(34,434)\\n\\nOptions cancelled\\t\\t\\t\\t\\t\\n\\nOptions exercised\\t\\t\\t\\t\\t\\n\\nBalance at September 25, 2005\\t\\t\\t\\t\\t\\n\\n32,244\\n\\n—\\t\\t\\n\\n765\\n\\n—\\n\\n—\\n\\n0.09 to 38.48\\n\\n24.32\\n\\n—\\n\\n—\\n\\n34,434\\n\\n33.01 to 44.55\\n\\n38.51\\n\\n5,821\\n\\n(5,821)\\n\\n1.60 to 70.00\\n\\n31.16\\n\\n—\\n\\n(30,168)\\n\\n0.07 to 43.00\\n\\n11.52\\n\\n202,794\\t\\t $0.09 to $86.19\\n\\n$24.35\\n\\n(1)\\n\\nRepresents activity related to options that were assumed as a result of acquisitions (Note 11).\\n\\n(2)\\n\\nRepresents shares available for future grant cancelled pursuant to the Iridigm and Spike acquisitions.\\n\\n—\\t\\t\\n\\nThere were approximately 124,491,000 options exercisable with a weighted average exercise price of $21.11 per share at September 25,\\n2005. There were approximately 124,650,000 options exercisable with a weighted average exercise price of $17.41 per share at\\nSeptember 26, 2004.\\n\\nEmployee Stock Purchase Plans\\nThe Company has two employee stock purchase plans for all eligible\\nemployees to purchase shares of common stock at 85% of the lower\\nof the fair market value on the first or the last day of each six-month\\noffering period. Employees may authorize the Company to withhold\\nup to 15% of their compensation during any offering period, subject\\nto certain limitations. The 2001 Employee Stock Purchase Plan\\n\\n72 qualcomm 2006\\n\\nauthorizes up to approximately 24,309,000 shares to be granted.\\nThe 1996 Non-Qualified Employee Stock Purchase Plan authorizes\\nup to 400,000 shares to be granted. During fiscal 2006, 2005 and\\n2004, approximately 2,220,000, 1,786,000 and 2,205,000 shares\\nwere issued under the plans at an average price of $31.10, $29.63\\nand $18.60 per share, respectively. At September 24, 2006, approxi-\\nmately 13,226,000 shares were reserved for future issuance.\",\"name\":\"fintabnet.QCOM_2006_page_86__72dpi_mild\",\"page_id\":\"fintabnet.QCOM_2006_page_86\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.805,\"source\":\"fintabnet\",\"source_id\":\"QCOM_2006_page_86\",\"stack\":[{\"deg\":-0.805,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.596},{\"op\":\"noise\",\"sigma\":3.676},{\"gain\":0.919,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":73}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[49.7,188.3,542.8,275.1],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30],\"cells\":null},{\"bbox\":[46.6,314.3,541.1,504.1],\"block_orders\":[32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98,99,100,105],\"cells\":null}],\"text\":\"Notes to Consolidated Financial Statements continued\\n\\nThe Company’s determination of fair value of share-based payment awards on the date of grant using an option-pricing model is affected\\nby the Company’s stock price as well as assumptions regarding a number of highly complex and subjective variables. At September 24,\\n2006, total unrecognized estimated compensation cost related to non-vested stock options granted prior to that date was $1.2 billion,\\nwhich is expected to be recognized over a weighted-average period of 1.7 years. Total share-based compensation cost capitalized as part\\nof inventory and fixed assets was $1 million during fiscal 2006. The total intrinsic value of stock options exercised during fiscal 2006 was\\n$1.1 billion. The Company recorded cash received from the exercise of stock options of $608 million and related tax benefits of $421 million\\nduring fiscal 2006. Upon option exercise, the Company issues new shares of stock.\\n\\nAdditional information about stock options outstanding at September 24, 2006 with exercise prices less than or above $37.86 per share,\\nthe closing price at September 24, 2006, follows (number of shares in thousands):\\n\\nExercisable\\n\\n\\t\\t\\t\\t\\t\\t\\n\\t\\t\\t\\t\\t\\t\\n\\t\\t\\t\\t\\t\\nNumber\\nStock Options\\t\\t\\t\\t\\t\\nof Shares\\n\\nUnexercisable\\n\\nWeighted\\t\\t\\nAverage\\t\\t\\nExercise\\nNumber\\nPrice\\nof Shares\\n\\nTotal\\n\\nWeighted\\t\\t\\nAverage\\t\\t\\nExercise\\nNumber\\nPrice\\nof Shares\\n\\nWeighted\\nAverage\\nExercise\\nPrice\\n\\nLess than $37.86\\t\\t\\t\\t\\t\\n\\n98,804\\n\\n$19.59\\n\\n37,751\\n\\n$26.57\\n\\n136,555\\n\\nAbove $37.86\\t\\t\\t\\t\\t\\n\\n23,068\\n\\n45.10\\n\\n42,232\\n\\n45.36\\n\\n65,300\\n\\n$21.52\\n\\n45.27\\n\\nTotal outstanding\\t\\t\\t\\t\\t\\n\\n121,872\\n\\n$24.42\\n\\n79,983\\n\\n$36.49\\n\\n201,855\\n\\n$29.20\\n\\nInformation under FAS 123 for Periods Prior to Fiscal 2006. A summary of stock option transactions for all stock option plans follows\\n(number of shares in thousands):\\n\\nOptions Outstanding\\n\\n\\t\\t\\t\\t\\t\\n\\nExercise Price Per Share\\n\\nShares\\nAvailable\\nfor Grant\\n\\nNumber\\t\\t\\nof Shares\\nRange\\n\\nWeighted\\nAverage\\n\\nBalance at September 28, 2003\\t\\t\\t\\t\\t\\n\\n23,746\\n\\n212,972\\t\\t $0.07 to $86.19\\n\\n$17.28\\n\\nAdditional shares reserved\\t\\t\\t\\t\\t\\n\\n64,000\\n\\n—\\n\\n—\\n\\n—\\n\\nOptions granted\\t\\t\\t\\t\\t\\n\\n(31,252)\\n\\n31,252\\n\\n21.50 to 40.40\\n\\n27.19\\n\\nOptions cancelled\\t\\t\\t\\t\\t\\n\\n4,420\\n\\n(4,420)\\n\\n2.30 to 70.00\\n\\n28.15\\n\\nOptions exercised\\t\\t\\t\\t\\t\\n\\n—\\n\\n(36,220)\\n\\n0.14 to 37.34\\n\\n7.85\\n\\n203,584\\t\\t $0.07 to $86.19\\n\\n$20.25\\n\\n\\t\\t\\t\\t\\t\\n\\t\\t\\t\\t\\t\\n\\nBalance at September 26, 2004\\n\\n\\t\\t\\t\\t\\n\\n60,914\\n\\nAdditional shares reserved (1) \\t\\t\\t\\t\\t\\n\\n765\\n\\nOptions assumed (1) \\t\\t\\t\\t\\t\\n\\n(765)\\n\\nPlan shares expired (2) \\t\\t\\t\\t\\t\\n\\n(57)\\n\\nOptions granted\\t\\t\\t\\t\\t\\n\\n(34,434)\\n\\nOptions cancelled\\t\\t\\t\\t\\t\\n\\nOptions exercised\\t\\t\\t\\t\\t\\n\\nBalance at September 25, 2005\\t\\t\\t\\t\\t\\n\\n32,244\\n\\n—\\t\\t\\n\\n765\\n\\n—\\n\\n—\\n\\n0.09 to 38.48\\n\\n24.32\\n\\n—\\n\\n—\\n\\n34,434\\n\\n33.01 to 44.55\\n\\n38.51\\n\\n5,821\\n\\n(5,821)\\n\\n1.60 to 70.00\\n\\n31.16\\n\\n—\\n\\n(30,168)\\n\\n0.07 to 43.00\\n\\n11.52\\n\\n202,794\\t\\t $0.09 to $86.19\\n\\n$24.35\\n\\n(1)\\n\\nRepresents activity related to options that were assumed as a result of acquisitions (Note 11).\\n\\n(2)\\n\\nRepresents shares available for future grant cancelled pursuant to the Iridigm and Spike acquisitions.\\n\\n—\\t\\t\\n\\nThere were approximately 124,491,000 options exercisable with a weighted average exercise price of $21.11 per share at September 25,\\n2005. There were approximately 124,650,000 options exercisable with a weighted average exercise price of $17.41 per share at\\nSeptember 26, 2004.\\n\\nEmployee Stock Purchase Plans\\nThe Company has two employee stock purchase plans for all eligible\\nemployees to purchase shares of common stock at 85% of the lower\\nof the fair market value on the first or the last day of each six-month\\noffering period. Employees may authorize the Company to withhold\\nup to 15% of their compensation during any offering period, subject\\nto certain limitations. The 2001 Employee Stock Purchase Plan\\n\\n72 qualcomm 2006\\n\\nauthorizes up to approximately 24,309,000 shares to be granted.\\nThe 1996 Non-Qualified Employee Stock Purchase Plan authorizes\\nup to 400,000 shares to be granted. During fiscal 2006, 2005 and\\n2004, approximately 2,220,000, 1,786,000 and 2,205,000 shares\\nwere issued under the plans at an average price of $31.10, $29.63\\nand $18.60 per share, respectively. At September 24, 2006, approxi-\\nmately 13,226,000 shares were reserved for future issuance.\"},\"name\":\"fintabnet.QCOM_2006_page_86__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":65302,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:QCOM_2006\",\"dpi\":72,\"gt_sha256\":\"ff561b4933c8992fc6422cb367128fa0ab057cf04af22fdcd62cd041ec0f45e1\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.QCOM_2006_page_86__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.QCOM_2006_page_86\",\"pdf_sha256\":\"b1ba404245bd11e36120532b4370acd519d4a9aac439224b4660609ac01e0bd4\",\"px\":[612,792],\"scan\":{\"render\":\"00007ffc7ffc3f8060fc00a8207c706c6068606877007ff87efc7ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"QCOM_2006_page_86\",\"src\":{\"file_sha256\":\"52cd2fdb3e16bca56bf3890d68076a2ff3b9a5a9d9960b2b3f8171ba1bfafe40\",\"render\":\"00007ffc7ffc3f8060fc00a8007c707c6068606871407fe87efc7efc00000000\",\"text\":\"77845e0b90aba6dd8b439de8ee3d6224532ee43b1e2c0a3a9e36f726c6e78ecd\"},\"stack\":[{\"deg\":-0.805,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.596},{\"op\":\"noise\",\"sigma\":3.676},{\"gain\":0.919,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":73}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b1ba404245bd11e36120532b4370acd519d4a9aac439224b4660609ac01e0bd4\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b1ba404245bd11e36120532b4370acd519d4a9aac439224b4660609ac01e0bd4.pdf","asset_sha256":"b1ba404245bd11e36120532b4370acd519d4a9aac439224b4660609ac01e0bd4","document_id":"fintabnet:QCOM_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"QCOM_2006_page_86\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RCL_2006_page_36\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RCL_2006\",\"ground_truth\":{\"blocks\":[{\"bbox\":[130.6,56.1,623.8,84.4],\"lines\":[{\"bbox\":[130.6,56.1,623.8,84.4],\"text\":\"Notes to the Consolidated Financial Statements (Continued)\"}],\"order\":0,\"text\":\"Notes to the Consolidated Financial Statements (Continued)\"},{\"bbox\":[124.2,206.1,633.5,349.2],\"lines\":[{\"bbox\":[127.0,206.1,633.5,234.6],\"text\":\"Our debt agreements contain covenants that require us, among\"},{\"bbox\":[126.4,229.0,632.9,257.5],\"text\":\"other things, to maintain minimum net worth and fixed charge cov-\"},{\"bbox\":[125.8,252.0,632.3,280.4],\"text\":\"erage ratio and limit our net debt-to-capital ratio. We are in compli-\"},{\"bbox\":[125.3,274.9,631.8,303.3],\"text\":\"ance with all covenants as of December 31, 2006. Following is a\"},{\"bbox\":[124.7,297.8,631.2,326.2],\"text\":\"schedule of annual maturities on long-term debt as of December 31,\"},{\"bbox\":[124.2,320.7,510.6,346.2],\"text\":\"2006 for each of the next five years (in thousands):\"}],\"order\":1,\"text\":\"Our debt agreements contain covenants that require us, among\\nother things, to maintain minimum net worth and fixed charge cov-\\nerage ratio and limit our net debt-to-capital ratio. We are in compli-\\nance with all covenants as of December 31, 2006. Following is a\\nschedule of annual maturities on long-term debt as of December 31,\\n2006 for each of the next five years (in thousands):\"},{\"bbox\":[123.2,365.6,148.3,378.5],\"lines\":[{\"bbox\":[123.2,365.6,148.3,378.5],\"text\":\"Year\"}],\"order\":2,\"text\":\"Year\"},{\"bbox\":[119.9,394.7,162.1,510.0],\"lines\":[{\"bbox\":[122.3,394.7,162.1,411.7],\"text\":\"2007\"},{\"bbox\":[121.7,419.3,161.5,436.3],\"text\":\"2008\"},{\"bbox\":[121.1,443.8,160.9,460.8],\"text\":\"2009\"},{\"bbox\":[120.5,468.4,160.3,485.4],\"text\":\"2010\"},{\"bbox\":[119.9,493.0,159.7,510.0],\"text\":\"2011\"}],\"order\":3,\"text\":\"2007\\n2008\\n2009\\n2010\\n2011\"},{\"bbox\":[527.2,404.7,621.3,521.3],\"lines\":[{\"bbox\":[529.6,404.7,621.3,422.9],\"text\":\"$ 373,422\"},{\"bbox\":[556.4,429.9,620.7,447.5],\"text\":\"283,371\"},{\"bbox\":[555.8,454.5,620.1,472.1],\"text\":\"265,113\"},{\"bbox\":[540.4,478.7,619.5,496.7],\"text\":\"1,058,493\"},{\"bbox\":[554.6,503.7,618.9,521.3],\"text\":\"619,735\"}],\"order\":4,\"text\":\"$ 373,422\\n283,371\\n265,113\\n1,058,493\\n619,735\"},{\"bbox\":[118.4,554.8,403.7,578.9],\"lines\":[{\"bbox\":[118.4,554.8,403.7,578.9],\"text\":\"NOTE 7. SHAREHOLDERS’ EQUITY\"}],\"order\":5,\"text\":\"NOTE 7. SHAREHOLDERS’ EQUITY\"},{\"bbox\":[112.8,600.9,623.8,812.7],\"lines\":[{\"bbox\":[117.3,600.9,623.8,629.4],\"text\":\"In September 2005, we announced that we and an investment bank\"},{\"bbox\":[116.7,623.8,623.2,652.3],\"text\":\"had finalized a forward sale agreement relating to an Accelerated\"},{\"bbox\":[116.2,646.8,622.7,675.2],\"text\":\"Share Repurchase (“ASR”) transaction. The forward sale agreement\"},{\"bbox\":[115.6,669.7,622.1,698.1],\"text\":\"matured in February 2006. As part of the ASR transaction, we pur-\"},{\"bbox\":[115.0,692.6,621.5,721.0],\"text\":\"chased 5.7 million shares of our common stock from the investment\"},{\"bbox\":[114.5,715.5,621.0,744.0],\"text\":\"bank at a price of $43.67 per share. Total consideration paid to\"},{\"bbox\":[113.9,738.4,620.4,766.9],\"text\":\"repurchase such shares, including commissions and other fees, was\"},{\"bbox\":[113.4,761.3,619.9,789.8],\"text\":\"approximately $249.1 million and was recorded in shareholders'\"},{\"bbox\":[112.8,784.3,419.0,807.8],\"text\":\"equity as a component of treasury stock.\"}],\"order\":6,\"text\":\"In September 2005, we announced that we and an investment bank\\nhad finalized a forward sale agreement relating to an Accelerated\\nShare Repurchase (“ASR”) transaction. The forward sale agreement\\nmatured in February 2006. As part of the ASR transaction, we pur-\\nchased 5.7 million shares of our common stock from the investment\\nbank at a price of $43.67 per share. Total consideration paid to\\nrepurchase such shares, including commissions and other fees, was\\napproximately $249.1 million and was recorded in shareholders'\\nequity as a component of treasury stock.\"},{\"bbox\":[107.5,818.4,618.5,1030.2],\"lines\":[{\"bbox\":[112.0,818.4,618.5,846.9],\"text\":\"On June 2, 2006, we announced that we and an investment bank\"},{\"bbox\":[111.4,841.3,617.9,869.8],\"text\":\"had finalized a forward sale agreement relating to an Accelerated\"},{\"bbox\":[110.8,864.3,617.4,892.7],\"text\":\"Share Repurchase (“ASR”) transaction. The forward sale agree-\"},{\"bbox\":[110.3,887.2,616.8,915.6],\"text\":\"ment matured in August 2006. As part of the ASR transaction, we\"},{\"bbox\":[109.7,910.1,616.3,938.5],\"text\":\"purchased 4.6 million shares of our common from the investment\"},{\"bbox\":[109.2,933.0,615.7,961.5],\"text\":\"bank at a price of $35.99 per share. Total consideration paid to\"},{\"bbox\":[108.6,955.9,615.1,984.4],\"text\":\"repurchase such shares, including commissions and other fees,\"},{\"bbox\":[108.0,978.8,614.6,1007.3],\"text\":\"was approximately $164.6 million and was recorded in sharehold-\"},{\"bbox\":[107.5,1001.8,450.0,1026.2],\"text\":\"ers' equity as a component of treasury stock.\"}],\"order\":7,\"text\":\"On June 2, 2006, we announced that we and an investment bank\\nhad finalized a forward sale agreement relating to an Accelerated\\nShare Repurchase (“ASR”) transaction. The forward sale agree-\\nment matured in August 2006. As part of the ASR transaction, we\\npurchased 4.6 million shares of our common from the investment\\nbank at a price of $35.99 per share. Total consideration paid to\\nrepurchase such shares, including commissions and other fees,\\nwas approximately $164.6 million and was recorded in sharehold-\\ners' equity as a component of treasury stock.\"},{\"bbox\":[104.9,1035.9,613.1,1133.1],\"lines\":[{\"bbox\":[106.6,1035.9,613.1,1064.4],\"text\":\"We declared cash dividends on our common stock of $0.15 per\"},{\"bbox\":[106.1,1058.8,612.5,1087.3],\"text\":\"share in each of the quarters of 2006. Cash dividends of $0.13 per\"},{\"bbox\":[105.5,1081.8,612.0,1110.2],\"text\":\"share were declared in each of the first and second quarters of 2005\"},{\"bbox\":[104.9,1104.7,611.4,1133.1],\"text\":\"and $0.15 per share in each of the third and fourth quarters of 2005.\"}],\"order\":8,\"text\":\"We declared cash dividends on our common stock of $0.15 per\\nshare in each of the quarters of 2006. Cash dividends of $0.13 per\\nshare were declared in each of the first and second quarters of 2005\\nand $0.15 per share in each of the third and fourth quarters of 2005.\"},{\"bbox\":[670.5,219.5,937.6,243.1],\"lines\":[{\"bbox\":[670.5,219.5,937.6,243.1],\"text\":\"NOTE 8. EARNINGS PER SHARE\"}],\"order\":9,\"text\":\"NOTE 8. EARNINGS PER SHARE\"},{\"bbox\":[668.9,265.6,1175.9,317.0],\"lines\":[{\"bbox\":[669.4,265.6,1175.9,294.1],\"text\":\"A reconciliation between basic and diluted earnings per share is as\"},{\"bbox\":[668.9,288.5,1012.5,313.0],\"text\":\"follows (in thousands, except per share data):\"}],\"order\":10,\"text\":\"A reconciliation between basic and diluted earnings per share is as\\nfollows (in thousands, except per share data):\"},{\"bbox\":[951.4,343.5,1104.0,359.5],\"lines\":[{\"bbox\":[951.4,343.5,1104.0,359.5],\"text\":\"Year Ended December 31,\"}],\"order\":11,\"text\":\"Year Ended December 31,\"},{\"bbox\":[663.4,388.7,862.5,532.5],\"lines\":[{\"bbox\":[666.4,388.7,862.5,409.6],\"text\":\"Income before cumulative\"},{\"bbox\":[684.5,413.8,839.4,433.6],\"text\":\"effect of a change in\"},{\"bbox\":[683.9,438.4,837.3,458.2],\"text\":\"accounting principle\"},{\"bbox\":[664.6,462.5,828.7,482.6],\"text\":\"Cumulative effect of a\"},{\"bbox\":[682.7,487.5,845.4,507.6],\"text\":\"change in accounting\"},{\"bbox\":[682.1,512.1,815.3,531.4],\"text\":\"principle (Note 2)\"}],\"order\":12,\"text\":\"Income before cumulative\\neffect of a change in\\naccounting principle\\nCumulative effect of a\\nchange in accounting\\nprinciple (Note 2)\"},{\"bbox\":[928.3,366.1,958.7,379.2],\"lines\":[{\"bbox\":[928.3,366.1,958.7,379.2],\"text\":\"2006\"}],\"order\":13,\"text\":\"2006\"},{\"bbox\":[1033.9,368.7,1064.3,381.7],\"lines\":[{\"bbox\":[1033.9,368.7,1064.3,381.7],\"text\":\"2005\"}],\"order\":14,\"text\":\"2005\"},{\"bbox\":[1135.7,371.2,1166.1,384.2],\"lines\":[{\"bbox\":[1135.7,371.2,1166.1,384.2],\"text\":\"2004\"}],\"order\":15,\"text\":\"2004\"},{\"bbox\":[880.8,443.2,956.8,461.2],\"lines\":[{\"bbox\":[880.8,443.2,956.8,461.2],\"text\":\"$ 633,922\"}],\"order\":16,\"text\":\"$ 633,922\"},{\"bbox\":[986.6,445.8,1062.4,463.7],\"lines\":[{\"bbox\":[986.6,445.8,1062.4,463.7],\"text\":\"$663,465\"}],\"order\":17,\"text\":\"$663,465\"},{\"bbox\":[1088.7,448.3,1164.2,466.2],\"lines\":[{\"bbox\":[1088.7,448.3,1164.2,466.2],\"text\":\"$474,691\"}],\"order\":18,\"text\":\"$474,691\"},{\"bbox\":[945.8,518.6,955.0,534.8],\"lines\":[{\"bbox\":[945.8,518.6,955.0,534.8],\"text\":\"–\"}],\"order\":19,\"text\":\"–\"},{\"bbox\":[1006.1,520.1,1060.6,537.4],\"lines\":[{\"bbox\":[1006.1,520.1,1060.6,537.4],\"text\":\"52,491\"}],\"order\":20,\"text\":\"52,491\"},{\"bbox\":[1153.1,523.7,1162.4,539.9],\"lines\":[{\"bbox\":[1153.1,523.7,1162.4,539.9],\"text\":\"–\"}],\"order\":21,\"text\":\"–\"},{\"bbox\":[889.9,549.3,954.2,567.1],\"lines\":[{\"bbox\":[889.9,549.3,954.2,567.1],\"text\":\"633,922\"}],\"order\":22,\"text\":\"633,922\"},{\"bbox\":[995.4,551.9,1059.8,569.5],\"lines\":[{\"bbox\":[995.4,551.9,1059.8,569.5],\"text\":\"715,956\"}],\"order\":23,\"text\":\"715,956\"},{\"bbox\":[1097.2,554.4,1161.6,572.0],\"lines\":[{\"bbox\":[1097.2,554.4,1161.6,572.0],\"text\":\"474,691\"}],\"order\":24,\"text\":\"474,691\"},{\"bbox\":[898.5,598.7,953.0,616.2],\"lines\":[{\"bbox\":[898.5,598.7,953.0,616.2],\"text\":\"17,237\"}],\"order\":25,\"text\":\"17,237\"},{\"bbox\":[1004.1,601.3,1058.6,618.7],\"lines\":[{\"bbox\":[1004.1,601.3,1058.6,618.7],\"text\":\"48,128\"}],\"order\":26,\"text\":\"48,128\"},{\"bbox\":[1105.9,603.8,1160.4,621.2],\"lines\":[{\"bbox\":[1105.9,603.8,1160.4,621.2],\"text\":\"54,530\"}],\"order\":27,\"text\":\"54,530\"},{\"bbox\":[875.6,654.9,951.6,672.9],\"lines\":[{\"bbox\":[875.6,654.9,951.6,672.9],\"text\":\"$ 651,159\"}],\"order\":28,\"text\":\"$ 651,159\"},{\"bbox\":[981.4,657.5,1057.2,675.4],\"lines\":[{\"bbox\":[981.4,657.5,1057.2,675.4],\"text\":\"$764,084\"}],\"order\":29,\"text\":\"$764,084\"},{\"bbox\":[1083.5,660.0,1159.0,677.8],\"lines\":[{\"bbox\":[1083.5,660.0,1159.0,677.8],\"text\":\"$529,221\"}],\"order\":30,\"text\":\"$529,221\"},{\"bbox\":[885.4,730.6,949.8,748.3],\"lines\":[{\"bbox\":[885.4,730.6,949.8,748.3],\"text\":\"210,703\"}],\"order\":31,\"text\":\"210,703\"},{\"bbox\":[991.0,733.2,1055.4,750.8],\"lines\":[{\"bbox\":[991.0,733.2,1055.4,750.8],\"text\":\"206,217\"}],\"order\":32,\"text\":\"206,217\"},{\"bbox\":[1092.8,735.7,1157.2,753.3],\"lines\":[{\"bbox\":[1092.8,735.7,1157.2,753.3],\"text\":\"198,946\"}],\"order\":33,\"text\":\"198,946\"},{\"bbox\":[903.3,804.8,948.0,822.1],\"lines\":[{\"bbox\":[903.3,804.8,948.0,822.1],\"text\":\"1,725\"}],\"order\":34,\"text\":\"1,725\"},{\"bbox\":[1008.9,807.4,1053.5,824.5],\"lines\":[{\"bbox\":[1008.9,807.4,1053.5,824.5],\"text\":\"2,725\"}],\"order\":35,\"text\":\"2,725\"},{\"bbox\":[1110.7,809.9,1155.4,827.0],\"lines\":[{\"bbox\":[1110.7,809.9,1155.4,827.0],\"text\":\"4,161\"}],\"order\":36,\"text\":\"4,161\"},{\"bbox\":[902.1,854.0,946.8,871.2],\"lines\":[{\"bbox\":[902.1,854.0,946.8,871.2],\"text\":\"9,057\"}],\"order\":37,\"text\":\"9,057\"},{\"bbox\":[997.8,856.3,1052.3,873.7],\"lines\":[{\"bbox\":[997.8,856.3,1052.3,873.7],\"text\":\"25,772\"}],\"order\":38,\"text\":\"25,772\"},{\"bbox\":[1099.6,858.8,1154.2,876.2],\"lines\":[{\"bbox\":[1099.6,858.8,1154.2,876.2],\"text\":\"31,473\"}],\"order\":39,\"text\":\"31,473\"},{\"bbox\":[881.0,910.2,945.4,927.9],\"lines\":[{\"bbox\":[881.0,910.2,945.4,927.9],\"text\":\"221,485\"}],\"order\":40,\"text\":\"221,485\"},{\"bbox\":[986.6,912.7,1051.0,930.4],\"lines\":[{\"bbox\":[986.6,912.7,1051.0,930.4],\"text\":\"234,714\"}],\"order\":41,\"text\":\"234,714\"},{\"bbox\":[1088.4,915.2,1152.8,932.8],\"lines\":[{\"bbox\":[1088.4,915.2,1152.8,932.8],\"text\":\"234,580\"}],\"order\":42,\"text\":\"234,580\"},{\"bbox\":[661.4,543.8,809.1,612.5],\"lines\":[{\"bbox\":[662.6,543.8,750.0,561.9],\"text\":\"Net income\"},{\"bbox\":[662.0,568.3,801.1,587.8],\"text\":\"Interest on dilutive\"},{\"bbox\":[680.1,593.4,807.9,612.5],\"text\":\"convertible notes\"}],\"order\":43,\"text\":\"Net income\\nInterest on dilutive\\nconvertible notes\"},{\"bbox\":[660.0,625.0,829.7,669.8],\"lines\":[{\"bbox\":[660.6,625.0,829.7,645.2],\"text\":\"Net income for diluted\"},{\"bbox\":[678.8,650.0,819.8,669.5],\"text\":\"earnings per share\"}],\"order\":44,\"text\":\"Net income for diluted\\nearnings per share\"},{\"bbox\":[655.2,700.4,863.9,869.0],\"lines\":[{\"bbox\":[658.8,700.4,863.9,721.5],\"text\":\"Weighted-average common\"},{\"bbox\":[676.9,725.5,819.4,745.0],\"text\":\"shares outstanding\"},{\"bbox\":[657.6,749.6,823.7,769.7],\"text\":\"Dilutive effect of stock\"},{\"bbox\":[675.7,774.6,839.3,794.7],\"text\":\"options and restricted\"},{\"bbox\":[675.1,799.2,773.3,817.7],\"text\":\"stock awards\"},{\"bbox\":[655.8,823.3,777.1,842.3],\"text\":\"Dilutive effect of\"},{\"bbox\":[673.9,848.4,801.6,867.5],\"text\":\"convertible notes\"}],\"order\":45,\"text\":\"Weighted-average common\\nshares outstanding\\nDilutive effect of stock\\noptions and restricted\\nstock awards\\nDilutive effect of\\nconvertible notes\"},{\"bbox\":[653.8,880.0,844.1,925.3],\"lines\":[{\"bbox\":[654.4,880.0,844.1,900.7],\"text\":\"Diluted weighted-average\"},{\"bbox\":[672.5,905.0,815.0,924.6],\"text\":\"shares outstanding\"}],\"order\":46,\"text\":\"Diluted weighted-average\\nshares outstanding\"},{\"bbox\":[648.3,955.4,848.6,1148.3],\"lines\":[{\"bbox\":[652.5,955.4,845.1,976.2],\"text\":\"Basic earnings per share:\"},{\"bbox\":[651.9,980.0,848.0,1000.8],\"text\":\"Income before cumulative\"},{\"bbox\":[670.1,1005.0,824.9,1024.9],\"text\":\"effect of a change in\"},{\"bbox\":[669.5,1029.6,822.8,1049.4],\"text\":\"accounting principle\"},{\"bbox\":[650.1,1053.8,814.2,1073.8],\"text\":\"Cumulative effect of a\"},{\"bbox\":[668.2,1078.8,830.9,1098.8],\"text\":\"change in accounting\"},{\"bbox\":[667.6,1103.4,732.9,1121.0],\"text\":\"principle\"},{\"bbox\":[648.3,1127.5,735.7,1145.7],\"text\":\"Net income\"}],\"order\":47,\"text\":\"Basic earnings per share:\\nIncome before cumulative\\neffect of a change in\\naccounting principle\\nCumulative effect of a\\nchange in accounting\\nprinciple\\nNet income\"},{\"bbox\":[866.3,1034.5,876.5,1050.9],\"lines\":[{\"bbox\":[866.3,1034.5,876.5,1050.9],\"text\":\"$\"}],\"order\":48,\"text\":\"$\"},{\"bbox\":[907.5,1035.5,942.3,1052.5],\"lines\":[{\"bbox\":[907.5,1035.5,942.3,1052.5],\"text\":\"3.01\"}],\"order\":49,\"text\":\"3.01\"},{\"bbox\":[972.1,1037.0,982.3,1053.3],\"lines\":[{\"bbox\":[972.1,1037.0,982.3,1053.3],\"text\":\"$\"}],\"order\":50,\"text\":\"$\"},{\"bbox\":[1013.1,1038.0,1047.9,1054.9],\"lines\":[{\"bbox\":[1013.1,1038.0,1047.9,1054.9],\"text\":\"3.22\"}],\"order\":51,\"text\":\"3.22\"},{\"bbox\":[1074.2,1039.5,1084.4,1055.8],\"lines\":[{\"bbox\":[1074.2,1039.5,1084.4,1055.8],\"text\":\"$\"}],\"order\":52,\"text\":\"$\"},{\"bbox\":[1114.9,1040.5,1149.7,1057.4],\"lines\":[{\"bbox\":[1114.9,1040.5,1149.7,1057.4],\"text\":\"2.39\"}],\"order\":53,\"text\":\"2.39\"},{\"bbox\":[863.9,1108.2,874.7,1149.2],\"lines\":[{\"bbox\":[864.5,1108.2,874.7,1124.6],\"text\":\"$\"},{\"bbox\":[863.9,1132.8,874.1,1149.2],\"text\":\"$\"}],\"order\":54,\"text\":\"$\\n$\"},{\"bbox\":[905.1,1109.2,940.5,1150.8],\"lines\":[{\"bbox\":[931.3,1109.8,940.5,1126.2],\"text\":\"–\"},{\"bbox\":[905.1,1133.8,939.9,1150.8],\"text\":\"3.01\"}],\"order\":55,\"text\":\"–\\n3.01\"},{\"bbox\":[969.7,1110.8,980.5,1151.7],\"lines\":[{\"bbox\":[970.3,1110.8,980.5,1127.1],\"text\":\"$\"},{\"bbox\":[969.7,1135.4,979.9,1151.7],\"text\":\"$\"}],\"order\":56,\"text\":\"$\\n$\"},{\"bbox\":[1010.7,1111.8,1046.1,1153.3],\"lines\":[{\"bbox\":[1011.3,1111.8,1046.1,1128.7],\"text\":\"0.25\"},{\"bbox\":[1010.7,1136.4,1045.5,1153.3],\"text\":\"3.47\"}],\"order\":57,\"text\":\"0.25\\n3.47\"},{\"bbox\":[1071.8,1113.3,1082.6,1154.2],\"lines\":[{\"bbox\":[1072.4,1113.3,1082.6,1129.6],\"text\":\"$\"},{\"bbox\":[1071.8,1137.9,1082.0,1154.2],\"text\":\"$\"}],\"order\":58,\"text\":\"$\\n$\"},{\"bbox\":[1112.5,1114.3,1147.9,1155.8],\"lines\":[{\"bbox\":[1138.7,1114.9,1147.9,1131.2],\"text\":\"–\"},{\"bbox\":[1112.5,1138.9,1147.3,1155.8],\"text\":\"2.39\"}],\"order\":59,\"text\":\"–\\n2.39\"},{\"bbox\":[902.0,1258.4,936.9,1275.4],\"lines\":[{\"bbox\":[902.0,1258.4,936.9,1275.4],\"text\":\"2.94\"}],\"order\":60,\"text\":\"2.94\"},{\"bbox\":[966.6,1260.0,976.9,1276.2],\"lines\":[{\"bbox\":[966.6,1260.0,976.9,1276.2],\"text\":\"$\"}],\"order\":61,\"text\":\"$\"},{\"bbox\":[1007.6,1261.0,1042.4,1277.9],\"lines\":[{\"bbox\":[1007.6,1261.0,1042.4,1277.9],\"text\":\"3.03\"}],\"order\":62,\"text\":\"3.03\"},{\"bbox\":[1068.7,1262.5,1079.0,1278.7],\"lines\":[{\"bbox\":[1068.7,1262.5,1079.0,1278.7],\"text\":\"$\"}],\"order\":63,\"text\":\"$\"},{\"bbox\":[1109.4,1263.5,1144.2,1280.3],\"lines\":[{\"bbox\":[1109.4,1263.5,1144.2,1280.3],\"text\":\"2.26\"}],\"order\":64,\"text\":\"2.26\"},{\"bbox\":[899.6,1332.1,935.1,1373.7],\"lines\":[{\"bbox\":[925.8,1332.8,935.0,1349.2],\"text\":\"–\"},{\"bbox\":[899.6,1356.7,934.5,1373.7],\"text\":\"2.94\"}],\"order\":65,\"text\":\"–\\n2.94\"},{\"bbox\":[964.2,1333.7,975.1,1374.6],\"lines\":[{\"bbox\":[964.8,1333.7,975.1,1350.0],\"text\":\"$\"},{\"bbox\":[964.2,1358.3,974.5,1374.6],\"text\":\"$\"}],\"order\":66,\"text\":\"$\\n$\"},{\"bbox\":[1005.2,1334.7,1040.6,1376.2],\"lines\":[{\"bbox\":[1005.8,1334.7,1040.6,1351.6],\"text\":\"0.22\"},{\"bbox\":[1005.2,1359.3,1040.0,1376.2],\"text\":\"3.26\"}],\"order\":67,\"text\":\"0.22\\n3.26\"},{\"bbox\":[1066.3,1336.2,1077.2,1377.1],\"lines\":[{\"bbox\":[1066.9,1336.2,1077.2,1352.5],\"text\":\"$\"},{\"bbox\":[1066.3,1360.8,1076.6,1377.1],\"text\":\"$\"}],\"order\":68,\"text\":\"$\\n$\"},{\"bbox\":[1107.0,1337.2,1142.4,1378.7],\"lines\":[{\"bbox\":[1133.2,1337.8,1142.4,1354.1],\"text\":\"–\"},{\"bbox\":[1107.0,1361.8,1141.8,1378.7],\"text\":\"2.26\"}],\"order\":69,\"text\":\"–\\n2.26\"},{\"bbox\":[642.8,1178.3,872.9,1372.1],\"lines\":[{\"bbox\":[647.1,1178.3,851.5,1199.4],\"text\":\"Diluted earnings per share:\"},{\"bbox\":[646.4,1202.9,842.5,1223.8],\"text\":\"Income before cumulative\"},{\"bbox\":[664.6,1228.0,819.4,1247.8],\"text\":\"effect of a change in\"},{\"bbox\":[664.0,1252.5,817.3,1272.3],\"text\":\"accounting principle\"},{\"bbox\":[860.8,1257.4,871.0,1273.8],\"text\":\"$\"},{\"bbox\":[644.6,1276.7,808.8,1296.7],\"text\":\"Cumulative effect of a\"},{\"bbox\":[662.8,1301.7,825.5,1321.7],\"text\":\"change in accounting\"},{\"bbox\":[662.2,1326.3,727.5,1343.9],\"text\":\"principle\"},{\"bbox\":[859.0,1331.1,869.2,1347.5],\"text\":\"$\"},{\"bbox\":[642.8,1350.4,730.3,1368.6],\"text\":\"Net income\"},{\"bbox\":[858.4,1355.7,868.6,1372.1],\"text\":\"$\"}],\"order\":70,\"text\":\"Diluted earnings per share:\\nIncome before cumulative\\neffect of a change in\\naccounting principle\\n$\\nCumulative effect of a\\nchange in accounting\\nprinciple\\n$\\nNet income\\n$\"},{\"bbox\":[639.7,1410.8,1147.9,1508.0],\"lines\":[{\"bbox\":[641.4,1410.8,1147.8,1439.3],\"text\":\"Diluted earnings per share did not include options to purchase 3.2 mil-\"},{\"bbox\":[640.8,1433.8,1147.3,1462.2],\"text\":\"lion shares for the year ending December 31, 2006 and 1.3 million\"},{\"bbox\":[640.2,1456.7,1146.7,1485.1],\"text\":\"shares for each of the years ended December 31, 2005 and 2004\"},{\"bbox\":[639.7,1479.6,1140.2,1507.9],\"text\":\"because the effect of including them would have been antidilutive.\"}],\"order\":71,\"text\":\"Diluted earnings per share did not include options to purchase 3.2 mil-\\nlion shares for the year ending December 31, 2006 and 1.3 million\\nshares for each of the years ended December 31, 2005 and 2004\\nbecause the effect of including them would have been antidilutive.\"},{\"bbox\":[96.0,1558.3,113.0,1570.0],\"lines\":[{\"bbox\":[96.0,1558.3,113.0,1570.0],\"text\":\"34\"}],\"order\":72,\"text\":\"34\"},{\"bbox\":[171.0,1560.1,435.5,1577.9],\"lines\":[{\"bbox\":[171.0,1560.1,435.5,1577.9],\"text\":\"R O YA L C A R I B B E A N C R U I S E S LT D .\"}],\"order\":73,\"text\":\"R O YA L C A R I B B E A N C R U I S E S LT D .\"}],\"doc\":\"fintabnet:RCL_2006\",\"dpi\":150,\"image_px\":[1275,1638],\"layout\":[],\"markdown\":\"Notes to the Consolidated Financial Statements (Continued)\\n\\nOur debt agreements contain covenants that require us, among\\nother things, to maintain minimum net worth and fixed charge cov-\\nerage ratio and limit our net debt-to-capital ratio. We are in compli-\\nance with all covenants as of December 31, 2006. Following is a\\nschedule of annual maturities on long-term debt as of December 31,\\n2006 for each of the next five years (in thousands):\\n\\nYear\\n\\n2007\\n2008\\n2009\\n2010\\n2011\\n\\n$ 373,422\\n283,371\\n265,113\\n1,058,493\\n619,735\\n\\nNOTE 7. SHAREHOLDERS’ EQUITY\\n\\nIn September 2005, we announced that we and an investment bank\\nhad finalized a forward sale agreement relating to an Accelerated\\nShare Repurchase (“ASR”) transaction. The forward sale agreement\\nmatured in February 2006. As part of the ASR transaction, we pur-\\nchased 5.7 million shares of our common stock from the investment\\nbank at a price of $43.67 per share. Total consideration paid to\\nrepurchase such shares, including commissions and other fees, was\\napproximately $249.1 million and was recorded in shareholders'\\nequity as a component of treasury stock.\\n\\nOn June 2, 2006, we announced that we and an investment bank\\nhad finalized a forward sale agreement relating to an Accelerated\\nShare Repurchase (“ASR”) transaction. The forward sale agree-\\nment matured in August 2006. As part of the ASR transaction, we\\npurchased 4.6 million shares of our common from the investment\\nbank at a price of $35.99 per share. Total consideration paid to\\nrepurchase such shares, including commissions and other fees,\\nwas approximately $164.6 million and was recorded in sharehold-\\ners' equity as a component of treasury stock.\\n\\nWe declared cash dividends on our common stock of $0.15 per\\nshare in each of the quarters of 2006. Cash dividends of $0.13 per\\nshare were declared in each of the first and second quarters of 2005\\nand $0.15 per share in each of the third and fourth quarters of 2005.\\n\\nNOTE 8. EARNINGS PER SHARE\\n\\nA reconciliation between basic and diluted earnings per share is as\\nfollows (in thousands, except per share data):\\n\\nYear Ended December 31,\\n\\nIncome before cumulative\\neffect of a change in\\naccounting principle\\nCumulative effect of a\\nchange in accounting\\nprinciple (Note 2)\\n\\n2006\\n\\n2005\\n\\n2004\\n\\n$ 633,922\\n\\n$663,465\\n\\n$474,691\\n\\n–\\n\\n52,491\\n\\n–\\n\\n633,922\\n\\n715,956\\n\\n474,691\\n\\n17,237\\n\\n48,128\\n\\n54,530\\n\\n$ 651,159\\n\\n$764,084\\n\\n$529,221\\n\\n210,703\\n\\n206,217\\n\\n198,946\\n\\n1,725\\n\\n2,725\\n\\n4,161\\n\\n9,057\\n\\n25,772\\n\\n31,473\\n\\n221,485\\n\\n234,714\\n\\n234,580\\n\\nNet income\\nInterest on dilutive\\nconvertible notes\\n\\nNet income for diluted\\nearnings per share\\n\\nWeighted-average common\\nshares outstanding\\nDilutive effect of stock\\noptions and restricted\\nstock awards\\nDilutive effect of\\nconvertible notes\\n\\nDiluted weighted-average\\nshares outstanding\\n\\nBasic earnings per share:\\nIncome before cumulative\\neffect of a change in\\naccounting principle\\nCumulative effect of a\\nchange in accounting\\nprinciple\\nNet income\\n\\n$\\n\\n3.01\\n\\n$\\n\\n3.22\\n\\n$\\n\\n2.39\\n\\n$\\n$\\n\\n–\\n3.01\\n\\n$\\n$\\n\\n0.25\\n3.47\\n\\n$\\n$\\n\\n–\\n2.39\\n\\n2.94\\n\\n$\\n\\n3.03\\n\\n$\\n\\n2.26\\n\\n–\\n2.94\\n\\n$\\n$\\n\\n0.22\\n3.26\\n\\n$\\n$\\n\\n–\\n2.26\\n\\nDiluted earnings per share:\\nIncome before cumulative\\neffect of a change in\\naccounting principle\\n$\\nCumulative effect of a\\nchange in accounting\\nprinciple\\n$\\nNet income\\n$\\n\\nDiluted earnings per share did not include options to purchase 3.2 mil-\\nlion shares for the year ending December 31, 2006 and 1.3 million\\nshares for each of the years ended December 31, 2005 and 2004\\nbecause the effect of including them would have been antidilutive.\\n\\n34\\n\\nR O YA L C A R I B B E A N C R U I S E S LT D .\",\"name\":\"fintabnet.RCL_2006_page_36__150dpi_medium\",\"page_id\":\"fintabnet.RCL_2006_page_36\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.404,\"source\":\"fintabnet\",\"source_id\":\"RCL_2006_page_36\",\"stack\":[{\"deg\":-1.404,\"op\":\"skew\"},{\"amp\":0.087,\"angle\":78.5,\"blob\":0.536,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.722},{\"op\":\"noise\",\"sigma\":5.056},{\"gain\":0.773,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":59}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[119.9,390.7,621.4,521.8],\"block_orders\":[3,4],\"cells\":null}],\"text\":\"Notes to the Consolidated Financial Statements (Continued)\\n\\nOur debt agreements contain covenants that require us, among\\nother things, to maintain minimum net worth and fixed charge cov-\\nerage ratio and limit our net debt-to-capital ratio. We are in compli-\\nance with all covenants as of December 31, 2006. Following is a\\nschedule of annual maturities on long-term debt as of December 31,\\n2006 for each of the next five years (in thousands):\\n\\nYear\\n\\n2007\\n2008\\n2009\\n2010\\n2011\\n\\n$ 373,422\\n283,371\\n265,113\\n1,058,493\\n619,735\\n\\nNOTE 7. SHAREHOLDERS’ EQUITY\\n\\nIn September 2005, we announced that we and an investment bank\\nhad finalized a forward sale agreement relating to an Accelerated\\nShare Repurchase (“ASR”) transaction. The forward sale agreement\\nmatured in February 2006. As part of the ASR transaction, we pur-\\nchased 5.7 million shares of our common stock from the investment\\nbank at a price of $43.67 per share. Total consideration paid to\\nrepurchase such shares, including commissions and other fees, was\\napproximately $249.1 million and was recorded in shareholders'\\nequity as a component of treasury stock.\\n\\nOn June 2, 2006, we announced that we and an investment bank\\nhad finalized a forward sale agreement relating to an Accelerated\\nShare Repurchase (“ASR”) transaction. The forward sale agree-\\nment matured in August 2006. As part of the ASR transaction, we\\npurchased 4.6 million shares of our common from the investment\\nbank at a price of $35.99 per share. Total consideration paid to\\nrepurchase such shares, including commissions and other fees,\\nwas approximately $164.6 million and was recorded in sharehold-\\ners' equity as a component of treasury stock.\\n\\nWe declared cash dividends on our common stock of $0.15 per\\nshare in each of the quarters of 2006. Cash dividends of $0.13 per\\nshare were declared in each of the first and second quarters of 2005\\nand $0.15 per share in each of the third and fourth quarters of 2005.\\n\\nNOTE 8. EARNINGS PER SHARE\\n\\nA reconciliation between basic and diluted earnings per share is as\\nfollows (in thousands, except per share data):\\n\\nYear Ended December 31,\\n\\nIncome before cumulative\\neffect of a change in\\naccounting principle\\nCumulative effect of a\\nchange in accounting\\nprinciple (Note 2)\\n\\n2006\\n\\n2005\\n\\n2004\\n\\n$ 633,922\\n\\n$663,465\\n\\n$474,691\\n\\n–\\n\\n52,491\\n\\n–\\n\\n633,922\\n\\n715,956\\n\\n474,691\\n\\n17,237\\n\\n48,128\\n\\n54,530\\n\\n$ 651,159\\n\\n$764,084\\n\\n$529,221\\n\\n210,703\\n\\n206,217\\n\\n198,946\\n\\n1,725\\n\\n2,725\\n\\n4,161\\n\\n9,057\\n\\n25,772\\n\\n31,473\\n\\n221,485\\n\\n234,714\\n\\n234,580\\n\\nNet income\\nInterest on dilutive\\nconvertible notes\\n\\nNet income for diluted\\nearnings per share\\n\\nWeighted-average common\\nshares outstanding\\nDilutive effect of stock\\noptions and restricted\\nstock awards\\nDilutive effect of\\nconvertible notes\\n\\nDiluted weighted-average\\nshares outstanding\\n\\nBasic earnings per share:\\nIncome before cumulative\\neffect of a change in\\naccounting principle\\nCumulative effect of a\\nchange in accounting\\nprinciple\\nNet income\\n\\n$\\n\\n3.01\\n\\n$\\n\\n3.22\\n\\n$\\n\\n2.39\\n\\n$\\n$\\n\\n–\\n3.01\\n\\n$\\n$\\n\\n0.25\\n3.47\\n\\n$\\n$\\n\\n–\\n2.39\\n\\n2.94\\n\\n$\\n\\n3.03\\n\\n$\\n\\n2.26\\n\\n–\\n2.94\\n\\n$\\n$\\n\\n0.22\\n3.26\\n\\n$\\n$\\n\\n–\\n2.26\\n\\nDiluted earnings per share:\\nIncome before cumulative\\neffect of a change in\\naccounting principle\\n$\\nCumulative effect of a\\nchange in accounting\\nprinciple\\n$\\nNet income\\n$\\n\\nDiluted earnings per share did not include options to purchase 3.2 mil-\\nlion shares for the year ending December 31, 2006 and 1.3 million\\nshares for each of the years ended December 31, 2005 and 2004\\nbecause the effect of including them would have been antidilutive.\\n\\n34\\n\\nR O YA L C A R I B B E A N C R U I S E S LT D .\"},\"name\":\"fintabnet.RCL_2006_page_36__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":164357,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:RCL_2006\",\"dpi\":150,\"gt_sha256\":\"f9242bc717c224d951035cc1aa53274fd4ee0330a3c67fe0ad070b2e9016ade4\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.RCL_2006_page_36__150dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.RCL_2006_page_36\",\"pdf_sha256\":\"593b141cb50781b402c5fadfea905245c671c1e9b55ad0b7dc2573d359dc02fa\",\"px\":[1275,1638],\"scan\":{\"render\":\"000000003ff03c00414078547f547e507fd07f407fe000e000e000fe00fe1000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"RCL_2006_page_36\",\"src\":{\"file_sha256\":\"c4900b871933298d6407b1f8333adc78caa6b68b683bf242f8fd45a14695560f\",\"render\":\"00003f003fe03ffc3ffc3ffc3ffc3ffc3ffc3ff03ff800f000fc00fc00000000\",\"text\":\"448fdb748aaef44b25e8bed1c1c18902edd075a332c82f1047d577877cafbffb\"},\"stack\":[{\"deg\":-1.404,\"op\":\"skew\"},{\"amp\":0.087,\"angle\":78.5,\"blob\":0.536,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.722},{\"op\":\"noise\",\"sigma\":5.056},{\"gain\":0.773,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":59}],\"tools\":\"21647cade0ee\"},\"sha256\":\"593b141cb50781b402c5fadfea905245c671c1e9b55ad0b7dc2573d359dc02fa\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/593b141cb50781b402c5fadfea905245c671c1e9b55ad0b7dc2573d359dc02fa.pdf","asset_sha256":"593b141cb50781b402c5fadfea905245c671c1e9b55ad0b7dc2573d359dc02fa","document_id":"fintabnet:RCL_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RCL_2006_page_36\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RCL_2015_page_82\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RCL_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[201.0,61.8,438.3,84.3],\"lines\":[{\"bbox\":[201.0,61.8,438.3,84.3],\"text\":\"Notes to the Consolidated Financial Statements\"}],\"order\":0,\"text\":\"Notes to the Consolidated Financial Statements\"},{\"bbox\":[62.4,96.0,311.4,202.4],\"lines\":[{\"bbox\":[66.1,96.0,305.8,116.2],\"text\":\"(1) 1.48% per annum based on the outstanding loan balance\"},{\"bbox\":[65.6,106.8,310.3,127.2],\"text\":\"semi-annually over the term of the loan (subject to adjustment\"},{\"bbox\":[65.1,117.5,310.3,137.9],\"text\":\"under certain of our facilities based upon our credit ratings) or\"},{\"bbox\":[64.7,128.3,299.6,148.2],\"text\":\"(2) an upfront fee of 2.35% to 2.37% of the maximum loan\"},{\"bbox\":[64.2,139.0,298.6,159.0],\"text\":\"amount. We amortize the fees that are paid upfront over the\"},{\"bbox\":[63.8,149.7,309.1,170.2],\"text\":\"life of the loan and those that are paid semi-annually over each\"},{\"bbox\":[63.3,160.5,304.8,180.8],\"text\":\"respective payment period. We classify these fees within Debt\"},{\"bbox\":[62.9,171.2,296.4,191.2],\"text\":\"issuance costs in our consolidated statements of cash flows\"},{\"bbox\":[62.4,182.0,295.7,201.9],\"text\":\"and within Other assets in our consolidated balance sheets.\"}],\"order\":1,\"text\":\"(1) 1.48% per annum based on the outstanding loan balance\\nsemi-annually over the term of the loan (subject to adjustment\\nunder certain of our facilities based upon our credit ratings) or\\n(2) an upfront fee of 2.35% to 2.37% of the maximum loan\\namount. We amortize the fees that are paid upfront over the\\nlife of the loan and those that are paid semi-annually over each\\nrespective payment period. We classify these fees within Debt\\nissuance costs in our consolidated statements of cash flows\\nand within Other assets in our consolidated balance sheets.\"},{\"bbox\":[60.8,198.2,300.3,239.8],\"lines\":[{\"bbox\":[61.7,198.2,285.4,217.7],\"text\":\"Under certain of our agreements, the contractual interest\"},{\"bbox\":[61.3,209.0,299.8,229.1],\"text\":\"rate, facility fee and/or export credit agency fee vary with our\"},{\"bbox\":[60.8,219.7,106.5,231.7],\"text\":\"debt rating.\"}],\"order\":2,\"text\":\"Under certain of our agreements, the contractual interest\\nrate, facility fee and/or export credit agency fee vary with our\\ndebt rating.\"},{\"bbox\":[59.2,235.9,306.1,277.9],\"lines\":[{\"bbox\":[60.1,235.9,286.9,255.6],\"text\":\"The unsecured senior notes and senior debentures are not\"},{\"bbox\":[59.7,246.7,305.6,267.1],\"text\":\"redeemable prior to maturity, except that certain series may be\"},{\"bbox\":[59.2,257.4,277.1,276.7],\"text\":\"redeemed upon the payment of a make-whole premium.\"}],\"order\":3,\"text\":\"The unsecured senior notes and senior debentures are not\\nredeemable prior to maturity, except that certain series may be\\nredeemed upon the payment of a make-whole premium.\"},{\"bbox\":[57.6,273.7,303.8,315.6],\"lines\":[{\"bbox\":[58.5,273.7,303.8,294.1],\"text\":\"Following is a schedule of annual maturities on long-term debt\"},{\"bbox\":[58.1,284.4,299.6,304.7],\"text\":\"including capital leases as of December 31, 2015 for each of\"},{\"bbox\":[57.6,295.1,190.7,310.8],\"text\":\"the next five years (in thousands):\"}],\"order\":4,\"text\":\"Following is a schedule of annual maturities on long-term debt\\nincluding capital leases as of December 31, 2015 for each of\\nthe next five years (in thousands):\"},{\"bbox\":[57.0,312.0,70.5,320.3],\"lines\":[{\"bbox\":[57.0,312.0,70.5,320.3],\"text\":\"Year\"}],\"order\":5,\"text\":\"Year\"},{\"bbox\":[54.2,322.5,90.1,388.0],\"lines\":[{\"bbox\":[56.5,322.5,81.8,332.2],\"text\":\"2016\\t\\t\\t\"},{\"bbox\":[56.1,331.8,81.9,341.4],\"text\":\"2017\\t\\t\\t\"},{\"bbox\":[55.7,341.0,80.9,350.6],\"text\":\"2018\\t\\t\\t\"},{\"bbox\":[55.3,350.3,80.8,359.9],\"text\":\"2019\\t\\t\\t\"},{\"bbox\":[54.9,359.5,79.4,369.1],\"text\":\"2020\\t\\t\\t\"},{\"bbox\":[54.6,368.7,88.1,378.7],\"text\":\"Thereafter\"},{\"bbox\":[54.2,378.0,84.4,387.8],\"text\":\"\\t\\t\\t\\t\\t\"}],\"order\":6,\"text\":\"2016\\t\\t\\t\\n2017\\t\\t\\t\\n2018\\t\\t\\t\\n2019\\t\\t\\t\\n2020\\t\\t\\t\\nThereafter\\n\\t\\t\\t\\t\\t\"},{\"bbox\":[256.2,331.1,299.7,396.8],\"lines\":[{\"bbox\":[258.8,331.1,299.7,341.4],\"text\":\"$   899,677\"},{\"bbox\":[269.9,340.8,299.3,350.6],\"text\":\"938,036\"},{\"bbox\":[263.6,349.8,298.9,359.9],\"text\":\"2,252,577\"},{\"bbox\":[269.6,359.3,298.5,369.1],\"text\":\"609,901\"},{\"bbox\":[262.7,368.3,298.1,378.4],\"text\":\"1,483,728\"},{\"bbox\":[261.1,377.5,297.7,387.6],\"text\":\"2,483,136\"},{\"bbox\":[256.2,386.5,297.3,396.8],\"text\":\"$8,667,055\"}],\"order\":7,\"text\":\"$   899,677\\n938,036\\n2,252,577\\n609,901\\n1,483,728\\n2,483,136\\n$8,667,055\"},{\"bbox\":[52.8,407.5,213.3,426.8],\"lines\":[{\"bbox\":[52.8,407.5,213.3,426.8],\"text\":\"NOTE 8. SHAREHOLDERS’ EQUITY\"}],\"order\":8,\"text\":\"NOTE 8. SHAREHOLDERS’ EQUITY\"},{\"bbox\":[49.8,425.2,295.5,499.3],\"lines\":[{\"bbox\":[52.1,425.2,279.5,444.9],\"text\":\"During the fourth and third quarters of 2015, we declared\"},{\"bbox\":[51.7,436.0,281.2,455.7],\"text\":\"a cash dividend on our common stock of $0.375 per share\"},{\"bbox\":[51.2,446.7,294.5,467.1],\"text\":\"which was paid in the first quarter of 2016 and fourth quarter\"},{\"bbox\":[50.7,457.5,269.9,476.8],\"text\":\"of 2015, respectively. We also declared and paid a cash\"},{\"bbox\":[50.3,468.2,289.5,488.4],\"text\":\"dividend on our common stock of $0.30 per share during the\"},{\"bbox\":[49.8,478.9,185.1,494.7],\"text\":\"first and second quarters of 2015.\"}],\"order\":9,\"text\":\"During the fourth and third quarters of 2015, we declared\\na cash dividend on our common stock of $0.375 per share\\nwhich was paid in the first quarter of 2016 and fourth quarter\\nof 2015, respectively. We also declared and paid a cash\\ndividend on our common stock of $0.30 per share during the\\nfirst and second quarters of 2015.\"},{\"bbox\":[46.0,495.2,294.2,590.8],\"lines\":[{\"bbox\":[49.1,495.2,283.8,515.2],\"text\":\"During the fourth and third quarters of 2014, we declared a\"},{\"bbox\":[48.7,505.9,291.2,526.2],\"text\":\"cash dividend on our common stock of $0.30 per share which\"},{\"bbox\":[48.2,516.7,276.3,536.4],\"text\":\"was paid in the first quarter of 2015 and fourth quarter of\"},{\"bbox\":[47.8,527.4,292.8,547.8],\"text\":\"2014, respectively. We also declared and paid a cash dividend\"},{\"bbox\":[47.3,538.2,286.0,558.3],\"text\":\"on our common stock of $0.25 per share during the first and\"},{\"bbox\":[46.9,548.9,290.2,569.2],\"text\":\"second quarters of 2014. During the first quarter of 2014, we\"},{\"bbox\":[46.4,559.6,284.9,579.8],\"text\":\"also paid a cash dividend on our common stock of $0.25 per\"},{\"bbox\":[46.0,570.4,283.2,590.5],\"text\":\"share which was declared during the fourth quarter of 2013.\"}],\"order\":10,\"text\":\"During the fourth and third quarters of 2014, we declared a\\ncash dividend on our common stock of $0.30 per share which\\nwas paid in the first quarter of 2015 and fourth quarter of\\n2014, respectively. We also declared and paid a cash dividend\\non our common stock of $0.25 per share during the first and\\nsecond quarters of 2014. During the first quarter of 2014, we\\nalso paid a cash dividend on our common stock of $0.25 per\\nshare which was declared during the fourth quarter of 2013.\"},{\"bbox\":[40.7,586.6,291.5,714.5],\"lines\":[{\"bbox\":[45.3,586.6,287.3,606.9],\"text\":\"In October 2015, our board of directors authorized a common\"},{\"bbox\":[44.8,597.4,283.5,617.5],\"text\":\"stock repurchase program for up to $500 million. The timing\"},{\"bbox\":[44.4,608.1,278.1,628.0],\"text\":\"and number of shares purchased will depend on a variety of\"},{\"bbox\":[43.9,618.9,282.2,639.0],\"text\":\"factors including price and market conditions. Subsequently,\"},{\"bbox\":[43.5,629.6,283.1,649.8],\"text\":\"in 2015, we executed an agreement with an investment bank\"},{\"bbox\":[43.0,640.3,263.3,659.7],\"text\":\"to purchase a total of $200 million, of the $500 million\"},{\"bbox\":[42.5,651.1,287.6,671.5],\"text\":\"authorized amount, of our common stock under an accelerated\"},{\"bbox\":[42.1,661.8,274.6,681.7],\"text\":\"stock repurchase (ASR) transaction. Under the terms of the\"},{\"bbox\":[41.6,672.6,287.9,693.0],\"text\":\"ASR agreement, on October 23, 2015, we received 1.6 million\"},{\"bbox\":[41.2,683.3,284.4,703.7],\"text\":\"shares of our common stock to be repurchased based on current\"},{\"bbox\":[40.7,694.1,279.4,714.2],\"text\":\"market prices in exchange for a prepayment of $200 million.\"}],\"order\":11,\"text\":\"In October 2015, our board of directors authorized a common\\nstock repurchase program for up to $500 million. The timing\\nand number of shares purchased will depend on a variety of\\nfactors including price and market conditions. Subsequently,\\nin 2015, we executed an agreement with an investment bank\\nto purchase a total of $200 million, of the $500 million\\nauthorized amount, of our common stock under an accelerated\\nstock repurchase (ASR) transaction. Under the terms of the\\nASR agreement, on October 23, 2015, we received 1.6 million\\nshares of our common stock to be repurchased based on current\\nmarket prices in exchange for a prepayment of $200 million.\"},{\"bbox\":[39.0,736.9,74.8,746.2],\"lines\":[{\"bbox\":[39.0,736.9,74.8,746.2],\"text\":\"<< 80 >>\"}],\"order\":12,\"text\":\"<< 80 >>\"},{\"bbox\":[82.8,738.9,84.5,746.6],\"lines\":[{\"bbox\":[82.8,738.9,84.5,746.6],\"text\":\"|\"}],\"order\":13,\"text\":\"|\"},{\"bbox\":[92.1,739.2,184.2,750.8],\"lines\":[{\"bbox\":[92.1,739.2,184.2,750.8],\"text\":\"2015 ANNUAL REPORT\"}],\"order\":14,\"text\":\"2015 ANNUAL REPORT\"},{\"bbox\":[318.8,107.0,568.4,245.6],\"lines\":[{\"bbox\":[323.8,107.0,562.3,127.1],\"text\":\"The ASR transaction was settled on November 30, 2015 and\"},{\"bbox\":[323.4,117.7,566.2,138.1],\"text\":\"an additional 0.5 million shares were delivered to us. In total,\"},{\"bbox\":[322.9,128.5,544.9,147.9],\"text\":\"we repurchased 2.1 million shares at an average price of\"},{\"bbox\":[322.5,139.2,552.5,159.0],\"text\":\"$95.09 per share. The final number of shares repurchased\"},{\"bbox\":[322.0,150.0,560.2,170.1],\"text\":\"was determined upon settlement based on the average of the\"},{\"bbox\":[321.5,160.7,551.3,180.5],\"text\":\"daily volume-weighted average prices of our common stock\"},{\"bbox\":[321.1,171.5,563.2,191.8],\"text\":\"during the term of the transaction, less a discount. The initial\"},{\"bbox\":[320.6,182.2,565.2,202.6],\"text\":\"shares received upon prepayment and additional shares received\"},{\"bbox\":[320.2,192.9,541.5,212.4],\"text\":\"at settlement were recorded within Shareholders’ equity.\"},{\"bbox\":[319.7,203.7,541.6,223.1],\"text\":\"Future stock repurchase transactions could include open\"},{\"bbox\":[319.3,214.4,563.8,234.8],\"text\":\"market purchases or additional accelerated share repurchases.\"},{\"bbox\":[318.8,225.2,538.7,244.5],\"text\":\"We expect to complete the program by the end of 2016.\"}],\"order\":15,\"text\":\"The ASR transaction was settled on November 30, 2015 and\\nan additional 0.5 million shares were delivered to us. In total,\\nwe repurchased 2.1 million shares at an average price of\\n$95.09 per share. The final number of shares repurchased\\nwas determined upon settlement based on the average of the\\ndaily volume-weighted average prices of our common stock\\nduring the term of the transaction, less a discount. The initial\\nshares received upon prepayment and additional shares received\\nat settlement were recorded within Shareholders’ equity.\\nFuture stock repurchase transactions could include open\\nmarket purchases or additional accelerated share repurchases.\\nWe expect to complete the program by the end of 2016.\"},{\"bbox\":[317.2,241.4,563.9,283.3],\"lines\":[{\"bbox\":[318.1,241.4,563.9,261.9],\"text\":\"During February 2016, we repurchased an additional 2.1 million\"},{\"bbox\":[317.7,252.2,560.0,272.5],\"text\":\"shares for a total of $150.0 million in open market transactions\"},{\"bbox\":[317.2,262.9,560.1,283.2],\"text\":\"resulting in $150 million available for future stock repurchases.\"}],\"order\":16,\"text\":\"During February 2016, we repurchased an additional 2.1 million\\nshares for a total of $150.0 million in open market transactions\\nresulting in $150 million available for future stock repurchases.\"},{\"bbox\":[312.9,279.1,558.5,385.4],\"lines\":[{\"bbox\":[316.5,279.1,536.5,298.5],\"text\":\"During the fourth quarter of 2014, we repurchased from\"},{\"bbox\":[316.1,289.9,556.9,310.1],\"text\":\"A. Wilhelmsen AS, our largest shareholder, 3.5 million shares\"},{\"bbox\":[315.6,300.6,557.6,320.9],\"text\":\"of our common stock directly from them in a private transaction\"},{\"bbox\":[315.2,311.4,550.6,331.4],\"text\":\"at $67.45 per share, which was equal to the price paid by a\"},{\"bbox\":[314.7,322.1,556.6,342.4],\"text\":\"third-party financial institution for the simultaneous purchase\"},{\"bbox\":[314.3,332.9,545.5,352.7],\"text\":\"of an additional 3.5 million shares from A. Wilhelmsen AS.\"},{\"bbox\":[313.8,343.6,529.2,362.8],\"text\":\"Total consideration paid to repurchase such shares was\"},{\"bbox\":[313.3,354.3,527.7,373.5],\"text\":\"approximately $236.1 million and was recorded within\"},{\"bbox\":[312.9,365.1,527.4,384.2],\"text\":\"Shareholders’ equity as a component of treasury stock.\"}],\"order\":17,\"text\":\"During the fourth quarter of 2014, we repurchased from\\nA. Wilhelmsen AS, our largest shareholder, 3.5 million shares\\nof our common stock directly from them in a private transaction\\nat $67.45 per share, which was equal to the price paid by a\\nthird-party financial institution for the simultaneous purchase\\nof an additional 3.5 million shares from A. Wilhelmsen AS.\\nTotal consideration paid to repurchase such shares was\\napproximately $236.1 million and was recorded within\\nShareholders’ equity as a component of treasury stock.\"},{\"bbox\":[311.9,384.9,556.0,407.8],\"lines\":[{\"bbox\":[311.9,384.9,556.0,407.8],\"text\":\"NOTE 9. STOCK-BASED EMPLOYEE COMPENSATION\"}],\"order\":18,\"text\":\"NOTE 9. STOCK-BASED EMPLOYEE COMPENSATION\"},{\"bbox\":[301.7,402.7,555.9,648.7],\"lines\":[{\"bbox\":[311.3,402.7,549.2,422.8],\"text\":\"We currently have awards outstanding under two stock-based\"},{\"bbox\":[310.8,413.4,551.4,433.7],\"text\":\"compensation plans, which provide for awards to our officers,\"},{\"bbox\":[310.4,424.2,536.6,443.8],\"text\":\"directors and key employees. The plans consist of a 2000\"},{\"bbox\":[309.9,434.9,554.6,455.3],\"text\":\"Stock Award Plan and a 2008 Equity Plan. Our ability to issue\"},{\"bbox\":[309.5,445.7,535.4,465.3],\"text\":\"new awards under the 2000 Stock Award Plan terminated\"},{\"bbox\":[309.0,456.4,523.1,475.5],\"text\":\"in accordance with the terms of the plan in September\"},{\"bbox\":[308.6,467.1,541.4,487.0],\"text\":\"2009. The 2008 Equity Plan, as amended, provides for the\"},{\"bbox\":[308.1,477.9,539.1,497.7],\"text\":\"issuance of up to 11,000,000 shares of our common stock\"},{\"bbox\":[307.7,488.6,534.1,508.3],\"text\":\"pursuant to grants of (i) incentive and non-qualified stock\"},{\"bbox\":[307.2,499.4,537.0,519.1],\"text\":\"options, (ii) stock appreciation rights, (iii) restricted stock,\"},{\"bbox\":[306.7,510.1,545.3,530.3],\"text\":\"(iv) restricted stock units and (v) performance shares. During\"},{\"bbox\":[306.3,520.9,542.4,540.9],\"text\":\"any calendar year, no one individual shall be granted awards\"},{\"bbox\":[305.8,531.6,537.0,551.4],\"text\":\"of more than 500,000 shares. Options and restricted stock\"},{\"bbox\":[305.4,542.3,544.1,562.5],\"text\":\"units outstanding as of December 31, 2015 generally vest in\"},{\"bbox\":[304.9,553.1,539.1,573.0],\"text\":\"equal installments over four years from the date of grant. In\"},{\"bbox\":[304.5,563.8,533.0,583.5],\"text\":\"addition, performance shares generally vest in three years.\"},{\"bbox\":[304.0,574.6,548.1,594.9],\"text\":\"With certain limited exceptions, options, restricted stock units\"},{\"bbox\":[303.6,585.3,547.6,605.7],\"text\":\"and performance shares are forfeited if the recipient ceases to\"},{\"bbox\":[303.1,596.1,541.0,616.2],\"text\":\"be a director or employee before the shares vest. Options are\"},{\"bbox\":[302.6,606.8,545.0,627.1],\"text\":\"granted at a price not less than the fair value of the shares on\"},{\"bbox\":[302.2,617.5,540.8,637.7],\"text\":\"the date of grant and expire not later than ten years after the\"},{\"bbox\":[301.7,628.3,354.7,640.6],\"text\":\"date of grant.\"}],\"order\":19,\"text\":\"We currently have awards outstanding under two stock-based\\ncompensation plans, which provide for awards to our officers,\\ndirectors and key employees. The plans consist of a 2000\\nStock Award Plan and a 2008 Equity Plan. Our ability to issue\\nnew awards under the 2000 Stock Award Plan terminated\\nin accordance with the terms of the plan in September\\n2009. The 2008 Equity Plan, as amended, provides for the\\nissuance of up to 11,000,000 shares of our common stock\\npursuant to grants of (i) incentive and non-qualified stock\\noptions, (ii) stock appreciation rights, (iii) restricted stock,\\n(iv) restricted stock units and (v) performance shares. During\\nany calendar year, no one individual shall be granted awards\\nof more than 500,000 shares. Options and restricted stock\\nunits outstanding as of December 31, 2015 generally vest in\\nequal installments over four years from the date of grant. In\\naddition, performance shares generally vest in three years.\\nWith certain limited exceptions, options, restricted stock units\\nand performance shares are forfeited if the recipient ceases to\\nbe a director or employee before the shares vest. Options are\\ngranted at a price not less than the fair value of the shares on\\nthe date of grant and expire not later than ten years after the\\ndate of grant.\"},{\"bbox\":[298.3,644.5,532.7,728.8],\"lines\":[{\"bbox\":[301.1,644.5,531.2,664.3],\"text\":\"Prior to 2012, our officers received a combination of stock\"},{\"bbox\":[300.6,655.3,529.2,675.0],\"text\":\"options and restricted stock units. Beginning in 2012, our\"},{\"bbox\":[300.1,666.0,519.5,685.3],\"text\":\"officers instead receive their long-term incentive awards\"},{\"bbox\":[299.7,676.8,508.6,695.6],\"text\":\"through a combination of performance share unit and\"},{\"bbox\":[299.2,687.5,525.7,707.1],\"text\":\"restricted stock units. Each performance share unit award\"},{\"bbox\":[298.8,698.2,530.4,718.1],\"text\":\"is expressed as a target number of performance share units\"},{\"bbox\":[298.3,709.0,523.9,728.6],\"text\":\"based upon the fair market value of our common stock on\"}],\"order\":20,\"text\":\"Prior to 2012, our officers received a combination of stock\\noptions and restricted stock units. Beginning in 2012, our\\nofficers instead receive their long-term incentive awards\\nthrough a combination of performance share unit and\\nrestricted stock units. Each performance share unit award\\nis expressed as a target number of performance share units\\nbased upon the fair market value of our common stock on\"}],\"doc\":\"fintabnet:RCL_2015\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Notes to the Consolidated Financial Statements\\n\\n(1) 1.48% per annum based on the outstanding loan balance\\nsemi-annually over the term of the loan (subject to adjustment\\nunder certain of our facilities based upon our credit ratings) or\\n(2) an upfront fee of 2.35% to 2.37% of the maximum loan\\namount. We amortize the fees that are paid upfront over the\\nlife of the loan and those that are paid semi-annually over each\\nrespective payment period. We classify these fees within Debt\\nissuance costs in our consolidated statements of cash flows\\nand within Other assets in our consolidated balance sheets.\\n\\nUnder certain of our agreements, the contractual interest\\nrate, facility fee and/or export credit agency fee vary with our\\ndebt rating.\\n\\nThe unsecured senior notes and senior debentures are not\\nredeemable prior to maturity, except that certain series may be\\nredeemed upon the payment of a make-whole premium.\\n\\nFollowing is a schedule of annual maturities on long-term debt\\nincluding capital leases as of December 31, 2015 for each of\\nthe next five years (in thousands):\\n\\nYear\\n\\n2016\\t\\t\\t\\n2017\\t\\t\\t\\n2018\\t\\t\\t\\n2019\\t\\t\\t\\n2020\\t\\t\\t\\nThereafter\\n\\t\\t\\t\\t\\t\\n\\n$   899,677\\n938,036\\n2,252,577\\n609,901\\n1,483,728\\n2,483,136\\n$8,667,055\\n\\nNOTE 8. SHAREHOLDERS’ EQUITY\\n\\nDuring the fourth and third quarters of 2015, we declared\\na cash dividend on our common stock of $0.375 per share\\nwhich was paid in the first quarter of 2016 and fourth quarter\\nof 2015, respectively. We also declared and paid a cash\\ndividend on our common stock of $0.30 per share during the\\nfirst and second quarters of 2015.\\n\\nDuring the fourth and third quarters of 2014, we declared a\\ncash dividend on our common stock of $0.30 per share which\\nwas paid in the first quarter of 2015 and fourth quarter of\\n2014, respectively. We also declared and paid a cash dividend\\non our common stock of $0.25 per share during the first and\\nsecond quarters of 2014. During the first quarter of 2014, we\\nalso paid a cash dividend on our common stock of $0.25 per\\nshare which was declared during the fourth quarter of 2013.\\n\\nIn October 2015, our board of directors authorized a common\\nstock repurchase program for up to $500 million. The timing\\nand number of shares purchased will depend on a variety of\\nfactors including price and market conditions. Subsequently,\\nin 2015, we executed an agreement with an investment bank\\nto purchase a total of $200 million, of the $500 million\\nauthorized amount, of our common stock under an accelerated\\nstock repurchase (ASR) transaction. Under the terms of the\\nASR agreement, on October 23, 2015, we received 1.6 million\\nshares of our common stock to be repurchased based on current\\nmarket prices in exchange for a prepayment of $200 million.\\n\\n<< 80 >>\\n\\n|\\n\\n2015 ANNUAL REPORT\\n\\nThe ASR transaction was settled on November 30, 2015 and\\nan additional 0.5 million shares were delivered to us. In total,\\nwe repurchased 2.1 million shares at an average price of\\n$95.09 per share. The final number of shares repurchased\\nwas determined upon settlement based on the average of the\\ndaily volume-weighted average prices of our common stock\\nduring the term of the transaction, less a discount. The initial\\nshares received upon prepayment and additional shares received\\nat settlement were recorded within Shareholders’ equity.\\nFuture stock repurchase transactions could include open\\nmarket purchases or additional accelerated share repurchases.\\nWe expect to complete the program by the end of 2016.\\n\\nDuring February 2016, we repurchased an additional 2.1 million\\nshares for a total of $150.0 million in open market transactions\\nresulting in $150 million available for future stock repurchases.\\n\\nDuring the fourth quarter of 2014, we repurchased from\\nA. Wilhelmsen AS, our largest shareholder, 3.5 million shares\\nof our common stock directly from them in a private transaction\\nat $67.45 per share, which was equal to the price paid by a\\nthird-party financial institution for the simultaneous purchase\\nof an additional 3.5 million shares from A. Wilhelmsen AS.\\nTotal consideration paid to repurchase such shares was\\napproximately $236.1 million and was recorded within\\nShareholders’ equity as a component of treasury stock.\\n\\nNOTE 9. STOCK-BASED EMPLOYEE COMPENSATION\\n\\nWe currently have awards outstanding under two stock-based\\ncompensation plans, which provide for awards to our officers,\\ndirectors and key employees. The plans consist of a 2000\\nStock Award Plan and a 2008 Equity Plan. Our ability to issue\\nnew awards under the 2000 Stock Award Plan terminated\\nin accordance with the terms of the plan in September\\n2009. The 2008 Equity Plan, as amended, provides for the\\nissuance of up to 11,000,000 shares of our common stock\\npursuant to grants of (i) incentive and non-qualified stock\\noptions, (ii) stock appreciation rights, (iii) restricted stock,\\n(iv) restricted stock units and (v) performance shares. During\\nany calendar year, no one individual shall be granted awards\\nof more than 500,000 shares. Options and restricted stock\\nunits outstanding as of December 31, 2015 generally vest in\\nequal installments over four years from the date of grant. In\\naddition, performance shares generally vest in three years.\\nWith certain limited exceptions, options, restricted stock units\\nand performance shares are forfeited if the recipient ceases to\\nbe a director or employee before the shares vest. Options are\\ngranted at a price not less than the fair value of the shares on\\nthe date of grant and expire not later than ten years after the\\ndate of grant.\\n\\nPrior to 2012, our officers received a combination of stock\\noptions and restricted stock units. Beginning in 2012, our\\nofficers instead receive their long-term incentive awards\\nthrough a combination of performance share unit and\\nrestricted stock units. Each performance share unit award\\nis expressed as a target number of performance share units\\nbased upon the fair market value of our common stock on\",\"name\":\"fintabnet.RCL_2015_page_82__72dpi_heavy\",\"page_id\":\"fintabnet.RCL_2015_page_82\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.426,\"source\":\"fintabnet\",\"source_id\":\"RCL_2015_page_82\",\"stack\":[{\"deg\":-2.426,\"op\":\"skew\"},{\"amp\":0.189,\"angle\":243.7,\"blob\":0.247,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.462},{\"op\":\"noise\",\"sigma\":15.053},{\"gain\":0.492,\"op\":\"contrast\"},{\"offset\":0.044,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[54.2,322.5,299.7,396.8],\"block_orders\":[6,7],\"cells\":null}],\"text\":\"Notes to the Consolidated Financial Statements\\n\\n(1) 1.48% per annum based on the outstanding loan balance\\nsemi-annually over the term of the loan (subject to adjustment\\nunder certain of our facilities based upon our credit ratings) or\\n(2) an upfront fee of 2.35% to 2.37% of the maximum loan\\namount. We amortize the fees that are paid upfront over the\\nlife of the loan and those that are paid semi-annually over each\\nrespective payment period. We classify these fees within Debt\\nissuance costs in our consolidated statements of cash flows\\nand within Other assets in our consolidated balance sheets.\\n\\nUnder certain of our agreements, the contractual interest\\nrate, facility fee and/or export credit agency fee vary with our\\ndebt rating.\\n\\nThe unsecured senior notes and senior debentures are not\\nredeemable prior to maturity, except that certain series may be\\nredeemed upon the payment of a make-whole premium.\\n\\nFollowing is a schedule of annual maturities on long-term debt\\nincluding capital leases as of December 31, 2015 for each of\\nthe next five years (in thousands):\\n\\nYear\\n\\n2016\\t\\t\\t\\n2017\\t\\t\\t\\n2018\\t\\t\\t\\n2019\\t\\t\\t\\n2020\\t\\t\\t\\nThereafter\\n\\t\\t\\t\\t\\t\\n\\n$   899,677\\n938,036\\n2,252,577\\n609,901\\n1,483,728\\n2,483,136\\n$8,667,055\\n\\nNOTE 8. SHAREHOLDERS’ EQUITY\\n\\nDuring the fourth and third quarters of 2015, we declared\\na cash dividend on our common stock of $0.375 per share\\nwhich was paid in the first quarter of 2016 and fourth quarter\\nof 2015, respectively. We also declared and paid a cash\\ndividend on our common stock of $0.30 per share during the\\nfirst and second quarters of 2015.\\n\\nDuring the fourth and third quarters of 2014, we declared a\\ncash dividend on our common stock of $0.30 per share which\\nwas paid in the first quarter of 2015 and fourth quarter of\\n2014, respectively. We also declared and paid a cash dividend\\non our common stock of $0.25 per share during the first and\\nsecond quarters of 2014. During the first quarter of 2014, we\\nalso paid a cash dividend on our common stock of $0.25 per\\nshare which was declared during the fourth quarter of 2013.\\n\\nIn October 2015, our board of directors authorized a common\\nstock repurchase program for up to $500 million. The timing\\nand number of shares purchased will depend on a variety of\\nfactors including price and market conditions. Subsequently,\\nin 2015, we executed an agreement with an investment bank\\nto purchase a total of $200 million, of the $500 million\\nauthorized amount, of our common stock under an accelerated\\nstock repurchase (ASR) transaction. Under the terms of the\\nASR agreement, on October 23, 2015, we received 1.6 million\\nshares of our common stock to be repurchased based on current\\nmarket prices in exchange for a prepayment of $200 million.\\n\\n<< 80 >>\\n\\n|\\n\\n2015 ANNUAL REPORT\\n\\nThe ASR transaction was settled on November 30, 2015 and\\nan additional 0.5 million shares were delivered to us. In total,\\nwe repurchased 2.1 million shares at an average price of\\n$95.09 per share. The final number of shares repurchased\\nwas determined upon settlement based on the average of the\\ndaily volume-weighted average prices of our common stock\\nduring the term of the transaction, less a discount. The initial\\nshares received upon prepayment and additional shares received\\nat settlement were recorded within Shareholders’ equity.\\nFuture stock repurchase transactions could include open\\nmarket purchases or additional accelerated share repurchases.\\nWe expect to complete the program by the end of 2016.\\n\\nDuring February 2016, we repurchased an additional 2.1 million\\nshares for a total of $150.0 million in open market transactions\\nresulting in $150 million available for future stock repurchases.\\n\\nDuring the fourth quarter of 2014, we repurchased from\\nA. Wilhelmsen AS, our largest shareholder, 3.5 million shares\\nof our common stock directly from them in a private transaction\\nat $67.45 per share, which was equal to the price paid by a\\nthird-party financial institution for the simultaneous purchase\\nof an additional 3.5 million shares from A. Wilhelmsen AS.\\nTotal consideration paid to repurchase such shares was\\napproximately $236.1 million and was recorded within\\nShareholders’ equity as a component of treasury stock.\\n\\nNOTE 9. STOCK-BASED EMPLOYEE COMPENSATION\\n\\nWe currently have awards outstanding under two stock-based\\ncompensation plans, which provide for awards to our officers,\\ndirectors and key employees. The plans consist of a 2000\\nStock Award Plan and a 2008 Equity Plan. Our ability to issue\\nnew awards under the 2000 Stock Award Plan terminated\\nin accordance with the terms of the plan in September\\n2009. The 2008 Equity Plan, as amended, provides for the\\nissuance of up to 11,000,000 shares of our common stock\\npursuant to grants of (i) incentive and non-qualified stock\\noptions, (ii) stock appreciation rights, (iii) restricted stock,\\n(iv) restricted stock units and (v) performance shares. During\\nany calendar year, no one individual shall be granted awards\\nof more than 500,000 shares. Options and restricted stock\\nunits outstanding as of December 31, 2015 generally vest in\\nequal installments over four years from the date of grant. In\\naddition, performance shares generally vest in three years.\\nWith certain limited exceptions, options, restricted stock units\\nand performance shares are forfeited if the recipient ceases to\\nbe a director or employee before the shares vest. Options are\\ngranted at a price not less than the fair value of the shares on\\nthe date of grant and expire not later than ten years after the\\ndate of grant.\\n\\nPrior to 2012, our officers received a combination of stock\\noptions and restricted stock units. Beginning in 2012, our\\nofficers instead receive their long-term incentive awards\\nthrough a combination of performance share unit and\\nrestricted stock units. Each performance share unit award\\nis expressed as a target number of performance share units\\nbased upon the fair market value of our common stock on\"},\"name\":\"fintabnet.RCL_2015_page_82__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":75973,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:RCL_2015\",\"dpi\":72,\"gt_sha256\":\"24e889fbbd781ece55e7b3d511d87cdd9acce5a7727a027e98501af0344409ae\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.RCL_2015_page_82__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.RCL_2015_page_82\",\"pdf_sha256\":\"56f2412c1eb04e0357f659cebdc8071b6e98c79b1de7560620fe97f6a806c2de\",\"px\":[612,792],\"scan\":{\"render\":\"fc80f7c0fffe7ffe7ffc7ffc41fc41fc20fc3efc20fc22fc7efc66f800000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"RCL_2015_page_82\",\"src\":{\"file_sha256\":\"ae2fe980304f766d1ed44ec10d242ec43a06234715a3f43290200329acde3566\",\"render\":\"000000003ffc7ffc20fc7efc00fc01fc3cfc7efc3efc3ffc3ffc7ffc00000000\",\"text\":\"4b95c4462d12f82baf67a37c0709b0b31f141c6cdbea705d69b8387cad7a19ab\"},\"stack\":[{\"deg\":-2.426,\"op\":\"skew\"},{\"amp\":0.189,\"angle\":243.7,\"blob\":0.247,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.462},{\"op\":\"noise\",\"sigma\":15.053},{\"gain\":0.492,\"op\":\"contrast\"},{\"offset\":0.044,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"56f2412c1eb04e0357f659cebdc8071b6e98c79b1de7560620fe97f6a806c2de\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/56f2412c1eb04e0357f659cebdc8071b6e98c79b1de7560620fe97f6a806c2de.pdf","asset_sha256":"56f2412c1eb04e0357f659cebdc8071b6e98c79b1de7560620fe97f6a806c2de","document_id":"fintabnet:RCL_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RCL_2015_page_82\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RCL_2018_page_15\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RCL_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[-4.8,22.3,59.4,35.0],\"lines\":[{\"bbox\":[-4.8,22.3,59.4,35.0],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[-3.4,34.2,569.1,115.5],\"lines\":[{\"bbox\":[16.8,34.2,566.9,68.8],\"text\":\"As of December 31, 2018, our Global Brands and our Partner Brands have 16 ships on order. Two ships on order are being built in\"},{\"bbox\":[-2.9,45.7,567.1,81.1],\"text\":\"Germany by Meyer Werft GmbH, four are being built in Finland by Meyer Turku shipyard, four are being built in France by Chantiers de\"},{\"bbox\":[-2.4,57.2,568.1,92.6],\"text\":\"l’Atlantique (formerly known as STX France), four are being built in Italy by Fincantieri and two are being built in the Netherlands by De\"},{\"bbox\":[-1.9,68.7,568.0,104.1],\"text\":\"Hoop Lobith. As of December 31, 2018, the expected dates that the ships on order will enter service and their approximate berths are as\"},{\"bbox\":[-1.4,103.2,31.4,115.5],\"text\":\"follows:\"}],\"order\":1,\"text\":\"As of December 31, 2018, our Global Brands and our Partner Brands have 16 ships on order. Two ships on order are being built in\\nGermany by Meyer Werft GmbH, four are being built in Finland by Meyer Turku shipyard, four are being built in France by Chantiers de\\nl’Atlantique (formerly known as STX France), four are being built in Italy by Fincantieri and two are being built in the Netherlands by De\\nHoop Lobith. As of December 31, 2018, the expected dates that the ships on order will enter service and their approximate berths are as\\nfollows:\"},{\"bbox\":[380.6,115.9,436.8,133.7],\"lines\":[{\"bbox\":[380.6,115.9,436.5,126.3],\"text\":\"Expected to Enter\"},{\"bbox\":[397.5,124.1,420.2,133.0],\"text\":\"Service\"}],\"order\":2,\"text\":\"Expected to Enter\\nService\"},{\"bbox\":[483.2,112.2,524.5,129.3],\"lines\":[{\"bbox\":[483.2,112.2,524.2,121.9],\"text\":\"Approximate\"},{\"bbox\":[493.6,120.0,514.4,128.9],\"text\":\"Berths\"}],\"order\":3,\"text\":\"Approximate\\nBerths\"},{\"bbox\":[378.6,161.4,442.5,174.1],\"lines\":[{\"bbox\":[378.6,161.4,442.5,174.1],\"text\":\"2nd Quarter 2021\"}],\"order\":4,\"text\":\"2nd Quarter 2021\"},{\"bbox\":[495.3,158.2,516.0,169.0],\"lines\":[{\"bbox\":[495.3,158.2,516.0,169.0],\"text\":\"5,500\"}],\"order\":5,\"text\":\"5,500\"},{\"bbox\":[11.1,203.7,86.7,216.9],\"lines\":[{\"bbox\":[11.1,203.7,86.7,216.9],\"text\":\"Spectrum of the Seas\"}],\"order\":6,\"text\":\"Spectrum of the Seas\"},{\"bbox\":[379.8,188.4,443.6,201.0],\"lines\":[{\"bbox\":[379.8,188.4,443.6,201.0],\"text\":\"2nd Quarter 2019\"}],\"order\":7,\"text\":\"2nd Quarter 2019\"},{\"bbox\":[496.5,185.2,517.2,196.0],\"lines\":[{\"bbox\":[496.5,185.2,517.2,196.0],\"text\":\"4,250\"}],\"order\":8,\"text\":\"4,250\"},{\"bbox\":[11.6,217.3,83.2,230.4],\"lines\":[{\"bbox\":[11.6,217.3,83.2,230.4],\"text\":\"Odyssey of the Seas\"}],\"order\":9,\"text\":\"Odyssey of the Seas\"},{\"bbox\":[381.4,201.9,443.2,214.5],\"lines\":[{\"bbox\":[381.4,201.9,443.2,214.5],\"text\":\"4th Quarter 2020\"}],\"order\":10,\"text\":\"4th Quarter 2020\"},{\"bbox\":[497.1,198.7,517.7,209.5],\"lines\":[{\"bbox\":[497.1,198.7,517.7,209.5],\"text\":\"4,250\"}],\"order\":11,\"text\":\"4,250\"},{\"bbox\":[12.8,245.9,48.2,257.3],\"lines\":[{\"bbox\":[12.8,245.9,48.2,257.3],\"text\":\"Unnamed\"}],\"order\":12,\"text\":\"Unnamed\"},{\"bbox\":[381.5,228.8,445.4,241.5],\"lines\":[{\"bbox\":[381.5,228.8,445.4,241.5],\"text\":\"2nd Quarter 2022\"}],\"order\":13,\"text\":\"2nd Quarter 2022\"},{\"bbox\":[498.2,225.7,518.9,236.5],\"lines\":[{\"bbox\":[498.2,225.7,518.9,236.5],\"text\":\"5,650\"}],\"order\":14,\"text\":\"5,650\"},{\"bbox\":[13.4,259.4,48.8,270.8],\"lines\":[{\"bbox\":[13.4,259.4,48.8,270.8],\"text\":\"Unnamed\"}],\"order\":15,\"text\":\"Unnamed\"},{\"bbox\":[382.1,242.3,446.0,255.0],\"lines\":[{\"bbox\":[382.1,242.3,446.0,255.0],\"text\":\"2nd Quarter 2024\"}],\"order\":16,\"text\":\"2nd Quarter 2024\"},{\"bbox\":[498.8,239.2,519.5,250.0],\"lines\":[{\"bbox\":[498.8,239.2,519.5,250.0],\"text\":\"5,650\"}],\"order\":17,\"text\":\"5,650\"},{\"bbox\":[15.1,299.1,69.2,311.3],\"lines\":[{\"bbox\":[15.1,299.1,69.2,311.3],\"text\":\"Celebrity Apex\"}],\"order\":18,\"text\":\"Celebrity Apex\"},{\"bbox\":[383.8,282.8,447.7,295.5],\"lines\":[{\"bbox\":[383.8,282.8,447.7,295.5],\"text\":\"2nd Quarter 2020\"}],\"order\":19,\"text\":\"2nd Quarter 2020\"},{\"bbox\":[500.6,279.7,521.2,290.5],\"lines\":[{\"bbox\":[500.6,279.7,521.2,290.5],\"text\":\"2,900\"}],\"order\":20,\"text\":\"2,900\"},{\"bbox\":[15.7,313.4,51.1,324.8],\"lines\":[{\"bbox\":[15.7,313.4,51.1,324.8],\"text\":\"Unnamed\"}],\"order\":21,\"text\":\"Unnamed\"},{\"bbox\":[385.4,296.4,447.3,309.0],\"lines\":[{\"bbox\":[385.4,296.4,447.3,309.0],\"text\":\"4th Quarter 2021\"}],\"order\":22,\"text\":\"4th Quarter 2021\"},{\"bbox\":[501.1,293.2,521.8,304.0],\"lines\":[{\"bbox\":[501.1,293.2,521.8,304.0],\"text\":\"3,200\"}],\"order\":23,\"text\":\"3,200\"},{\"bbox\":[16.3,326.9,51.7,338.3],\"lines\":[{\"bbox\":[16.3,326.9,51.7,338.3],\"text\":\"Unnamed\"}],\"order\":24,\"text\":\"Unnamed\"},{\"bbox\":[386.0,309.9,447.8,322.4],\"lines\":[{\"bbox\":[386.0,309.9,447.8,322.4],\"text\":\"4th Quarter 2022\"}],\"order\":25,\"text\":\"4th Quarter 2022\"},{\"bbox\":[501.7,306.7,522.4,317.5],\"lines\":[{\"bbox\":[501.7,306.7,522.4,317.5],\"text\":\"3,200\"}],\"order\":26,\"text\":\"3,200\"},{\"bbox\":[10.1,339.7,66.7,352.1],\"lines\":[{\"bbox\":[10.1,339.7,66.7,352.1],\"text\":\"Celebrity Flora\"}],\"order\":27,\"text\":\"Celebrity Flora\"},{\"bbox\":[385.6,323.3,449.4,336.0],\"lines\":[{\"bbox\":[385.6,323.3,449.4,336.0],\"text\":\"2nd Quarter 2019\"}],\"order\":28,\"text\":\"2nd Quarter 2019\"},{\"bbox\":[505.7,320.3,519.6,330.8],\"lines\":[{\"bbox\":[505.7,320.3,519.6,330.8],\"text\":\"100\"}],\"order\":29,\"text\":\"100\"},{\"bbox\":[18.0,366.8,65.6,378.8],\"lines\":[{\"bbox\":[18.0,366.8,65.6,378.8],\"text\":\"Silver Origin\"}],\"order\":30,\"text\":\"Silver Origin\"},{\"bbox\":[388.2,350.4,449.1,362.9],\"lines\":[{\"bbox\":[388.2,350.4,449.1,362.9],\"text\":\"1st Quarter 2020\"}],\"order\":31,\"text\":\"1st Quarter 2020\"},{\"bbox\":[506.8,347.3,520.7,357.8],\"lines\":[{\"bbox\":[506.8,347.3,520.7,357.8],\"text\":\"100\"}],\"order\":32,\"text\":\"100\"},{\"bbox\":[18.6,380.4,63.2,392.3],\"lines\":[{\"bbox\":[18.6,380.4,63.2,392.3],\"text\":\"Silver Moon\"}],\"order\":33,\"text\":\"Silver Moon\"},{\"bbox\":[388.1,363.8,450.4,376.4],\"lines\":[{\"bbox\":[388.1,363.8,450.4,376.4],\"text\":\"3rd Quarter 2020\"}],\"order\":34,\"text\":\"3rd Quarter 2020\"},{\"bbox\":[507.4,360.8,521.3,371.3],\"lines\":[{\"bbox\":[507.4,360.8,521.3,371.3],\"text\":\"550\"}],\"order\":35,\"text\":\"550\"},{\"bbox\":[19.2,393.9,64.3,405.8],\"lines\":[{\"bbox\":[19.2,393.9,64.3,405.8],\"text\":\"Silver Dawn\"}],\"order\":36,\"text\":\"Silver Dawn\"},{\"bbox\":[388.6,377.3,451.0,389.9],\"lines\":[{\"bbox\":[388.6,377.3,451.0,389.9],\"text\":\"3rd Quarter 2021\"}],\"order\":37,\"text\":\"3rd Quarter 2021\"},{\"bbox\":[508.0,374.3,521.9,384.8],\"lines\":[{\"bbox\":[508.0,374.3,521.9,384.8],\"text\":\"550\"}],\"order\":38,\"text\":\"550\"},{\"bbox\":[20.3,420.0,78.3,432.8],\"lines\":[{\"bbox\":[20.3,420.0,78.3,432.8],\"text\":\"Mein Schiff 2 (1)\"}],\"order\":39,\"text\":\"Mein Schiff 2 (1)\"},{\"bbox\":[390.5,404.3,451.4,416.9],\"lines\":[{\"bbox\":[390.5,404.3,451.4,416.9],\"text\":\"1st Quarter 2019\"}],\"order\":40,\"text\":\"1st Quarter 2019\"},{\"bbox\":[505.8,401.1,526.4,411.9],\"lines\":[{\"bbox\":[505.8,401.1,526.4,411.9],\"text\":\"2,850\"}],\"order\":41,\"text\":\"2,850\"},{\"bbox\":[20.9,434.2,69.3,446.3],\"lines\":[{\"bbox\":[20.9,434.2,69.3,446.3],\"text\":\"Mein Schiff 7\"}],\"order\":42,\"text\":\"Mein Schiff 7\"},{\"bbox\":[389.6,417.8,453.5,430.4],\"lines\":[{\"bbox\":[389.6,417.8,453.5,430.4],\"text\":\"2nd Quarter 2023\"}],\"order\":43,\"text\":\"2nd Quarter 2023\"},{\"bbox\":[506.3,414.6,527.0,425.4],\"lines\":[{\"bbox\":[506.3,414.6,527.0,425.4],\"text\":\"2,850\"}],\"order\":44,\"text\":\"2,850\"},{\"bbox\":[21.5,448.3,56.9,459.8],\"lines\":[{\"bbox\":[21.5,448.3,56.9,459.8],\"text\":\"Unnamed\"}],\"order\":45,\"text\":\"Unnamed\"},{\"bbox\":[391.0,431.3,453.3,443.9],\"lines\":[{\"bbox\":[391.0,431.3,453.3,443.9],\"text\":\"3rd Quarter 2024\"}],\"order\":46,\"text\":\"3rd Quarter 2024\"},{\"bbox\":[506.9,428.1,527.6,438.9],\"lines\":[{\"bbox\":[506.9,428.1,527.6,438.9],\"text\":\"4,100\"}],\"order\":47,\"text\":\"4,100\"},{\"bbox\":[22.1,461.8,57.5,473.3],\"lines\":[{\"bbox\":[22.1,461.8,57.5,473.3],\"text\":\"Unnamed\"}],\"order\":48,\"text\":\"Unnamed\"},{\"bbox\":[392.3,444.8,453.1,457.4],\"lines\":[{\"bbox\":[392.3,444.8,453.1,457.4],\"text\":\"1st Quarter 2026\"}],\"order\":49,\"text\":\"1st Quarter 2026\"},{\"bbox\":[507.5,441.6,528.2,452.4],\"lines\":[{\"bbox\":[507.5,441.6,528.2,452.4],\"text\":\"4,100\"}],\"order\":50,\"text\":\"4,100\"},{\"bbox\":[1.5,141.4,15.9,150.0],\"lines\":[{\"bbox\":[1.5,141.4,15.9,150.0],\"text\":\"Ship\"}],\"order\":51,\"text\":\"Ship\"},{\"bbox\":[2.0,148.1,122.5,163.2],\"lines\":[{\"bbox\":[2.0,148.1,122.5,163.2],\"text\":\"Royal Caribbean International —\"}],\"order\":52,\"text\":\"Royal Caribbean International —\"},{\"bbox\":[2.6,164.9,46.0,176.7],\"lines\":[{\"bbox\":[2.6,164.9,46.0,176.7],\"text\":\"Oasis-class:\"}],\"order\":53,\"text\":\"Oasis-class:\"},{\"bbox\":[9.9,178.4,45.3,189.9],\"lines\":[{\"bbox\":[9.9,178.4,45.3,189.9],\"text\":\"Unnamed\"}],\"order\":54,\"text\":\"Unnamed\"},{\"bbox\":[3.7,191.3,60.6,203.7],\"lines\":[{\"bbox\":[3.7,191.3,60.6,203.7],\"text\":\"Quantum-class:\"}],\"order\":55,\"text\":\"Quantum-class:\"},{\"bbox\":[5.5,232.5,44.9,244.1],\"lines\":[{\"bbox\":[5.5,232.5,44.9,244.1],\"text\":\"Icon-class:\"}],\"order\":56,\"text\":\"Icon-class:\"},{\"bbox\":[7.2,271.5,81.6,284.6],\"lines\":[{\"bbox\":[7.2,271.5,81.6,284.6],\"text\":\"Celebrity Cruises —\"}],\"order\":57,\"text\":\"Celebrity Cruises —\"},{\"bbox\":[7.8,286.4,49.7,298.1],\"lines\":[{\"bbox\":[7.8,286.4,49.7,298.1],\"text\":\"Edge-class:\"}],\"order\":58,\"text\":\"Edge-class:\"},{\"bbox\":[10.7,352.5,84.5,365.6],\"lines\":[{\"bbox\":[10.7,352.5,84.5,365.6],\"text\":\"Silversea Cruises —\"}],\"order\":59,\"text\":\"Silversea Cruises —\"},{\"bbox\":[13.0,404.2,139.3,419.6],\"lines\":[{\"bbox\":[13.0,404.2,139.3,419.6],\"text\":\"TUI Cruises (50% joint venture)—\"}],\"order\":60,\"text\":\"TUI Cruises (50% joint venture)—\"},{\"bbox\":[505.9,455.7,531.0,466.7],\"lines\":[{\"bbox\":[505.9,455.7,531.0,466.7],\"text\":\"49,800\"}],\"order\":61,\"text\":\"49,800\"},{\"bbox\":[16.0,476.5,60.5,488.4],\"lines\":[{\"bbox\":[16.0,476.5,60.5,488.4],\"text\":\"Total Berths\"}],\"order\":62,\"text\":\"Total Berths\"},{\"bbox\":[15.6,488.4,347.4,513.6],\"lines\":[{\"bbox\":[15.6,488.4,347.4,513.6],\"text\":\"___________________________________________________________________\"}],\"order\":63,\"text\":\"___________________________________________________________________\"},{\"bbox\":[16.4,519.4,26.2,528.7],\"lines\":[{\"bbox\":[16.4,519.4,26.2,528.7],\"text\":\"(1)\"}],\"order\":64,\"text\":\"(1)\"},{\"bbox\":[48.8,508.2,287.1,527.3],\"lines\":[{\"bbox\":[48.8,508.2,287.1,527.3],\"text\":\"TUI Cruises' newbuild entered service as Mein Schiff 2 in February 2019.\"}],\"order\":65,\"text\":\"TUI Cruises' newbuild entered service as Mein Schiff 2 in February 2019.\"},{\"bbox\":[17.0,509.9,588.8,579.7],\"lines\":[{\"bbox\":[37.2,509.9,587.0,544.4],\"text\":\"In addition, in September 2018, Silversea Cruises signed a memorandum of understanding with Meyer Werft to build two ships of a new\"},{\"bbox\":[17.5,521.4,587.7,556.8],\"text\":\"generation of ships. The ships are expected to have an aggregate capacity of approximately 1,200 berths and are expected to enter service in\"},{\"bbox\":[18.0,532.8,588.3,568.3],\"text\":\"2022 and 2023, respectively. The memorandum of understanding with Meyer Werft is contingent upon the completion of final documentation\"},{\"bbox\":[18.5,555.5,328.9,579.7],\"text\":\"and financing, which are expected to be completed in the first quarter of 2019.\"}],\"order\":66,\"text\":\"In addition, in September 2018, Silversea Cruises signed a memorandum of understanding with Meyer Werft to build two ships of a new\\ngeneration of ships. The ships are expected to have an aggregate capacity of approximately 1,200 berths and are expected to enter service in\\n2022 and 2023, respectively. The memorandum of understanding with Meyer Werft is contingent upon the completion of final documentation\\nand financing, which are expected to be completed in the first quarter of 2019.\"},{\"bbox\":[19.4,566.6,591.4,636.4],\"lines\":[{\"bbox\":[39.7,566.6,589.9,601.1],\"text\":\"In February 2019, we entered into an agreement with Chantiers de l’Atlantique to build the sixth Oasis-class ship for Royal Caribbean\"},{\"bbox\":[19.9,578.0,590.4,613.5],\"text\":\"International. The ship is expected to have an aggregate capacity of approximately 5,700 berths and is expected to enter service in the fourth\"},{\"bbox\":[20.4,589.5,590.9,624.9],\"text\":\"quarter of 2023. The order with Chantiers de l’Atlantique is contingent upon completion of conditions precedent and financing, which is\"},{\"bbox\":[20.9,619.6,157.0,636.4],\"text\":\"expected to be completed in 2019.\"}],\"order\":67,\"text\":\"In February 2019, we entered into an agreement with Chantiers de l’Atlantique to build the sixth Oasis-class ship for Royal Caribbean\\nInternational. The ship is expected to have an aggregate capacity of approximately 5,700 berths and is expected to enter service in the fourth\\nquarter of 2023. The order with Chantiers de l’Atlantique is contingent upon completion of conditions precedent and financing, which is\\nexpected to be completed in 2019.\"},{\"bbox\":[302.9,647.6,312.4,657.9],\"lines\":[{\"bbox\":[302.9,647.6,312.4,657.9],\"text\":\"12\"}],\"order\":68,\"text\":\"12\"}],\"doc\":\"fintabnet:RCL_2018\",\"dpi\":72,\"image_px\":[595,842],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nAs of December 31, 2018, our Global Brands and our Partner Brands have 16 ships on order. Two ships on order are being built in\\nGermany by Meyer Werft GmbH, four are being built in Finland by Meyer Turku shipyard, four are being built in France by Chantiers de\\nl’Atlantique (formerly known as STX France), four are being built in Italy by Fincantieri and two are being built in the Netherlands by De\\nHoop Lobith. As of December 31, 2018, the expected dates that the ships on order will enter service and their approximate berths are as\\nfollows:\\n\\nExpected to Enter\\nService\\n\\nApproximate\\nBerths\\n\\n2nd Quarter 2021\\n\\n5,500\\n\\nSpectrum of the Seas\\n\\n2nd Quarter 2019\\n\\n4,250\\n\\nOdyssey of the Seas\\n\\n4th Quarter 2020\\n\\n4,250\\n\\nUnnamed\\n\\n2nd Quarter 2022\\n\\n5,650\\n\\nUnnamed\\n\\n2nd Quarter 2024\\n\\n5,650\\n\\nCelebrity Apex\\n\\n2nd Quarter 2020\\n\\n2,900\\n\\nUnnamed\\n\\n4th Quarter 2021\\n\\n3,200\\n\\nUnnamed\\n\\n4th Quarter 2022\\n\\n3,200\\n\\nCelebrity Flora\\n\\n2nd Quarter 2019\\n\\n100\\n\\nSilver Origin\\n\\n1st Quarter 2020\\n\\n100\\n\\nSilver Moon\\n\\n3rd Quarter 2020\\n\\n550\\n\\nSilver Dawn\\n\\n3rd Quarter 2021\\n\\n550\\n\\nMein Schiff 2 (1)\\n\\n1st Quarter 2019\\n\\n2,850\\n\\nMein Schiff 7\\n\\n2nd Quarter 2023\\n\\n2,850\\n\\nUnnamed\\n\\n3rd Quarter 2024\\n\\n4,100\\n\\nUnnamed\\n\\n1st Quarter 2026\\n\\n4,100\\n\\nShip\\n\\nRoyal Caribbean International —\\n\\nOasis-class:\\n\\nUnnamed\\n\\nQuantum-class:\\n\\nIcon-class:\\n\\nCelebrity Cruises —\\n\\nEdge-class:\\n\\nSilversea Cruises —\\n\\nTUI Cruises (50% joint venture)—\\n\\n49,800\\n\\nTotal Berths\\n\\n___________________________________________________________________\\n\\n(1)\\n\\nTUI Cruises' newbuild entered service as Mein Schiff 2 in February 2019.\\n\\nIn addition, in September 2018, Silversea Cruises signed a memorandum of understanding with Meyer Werft to build two ships of a new\\ngeneration of ships. The ships are expected to have an aggregate capacity of approximately 1,200 berths and are expected to enter service in\\n2022 and 2023, respectively. The memorandum of understanding with Meyer Werft is contingent upon the completion of final documentation\\nand financing, which are expected to be completed in the first quarter of 2019.\\n\\nIn February 2019, we entered into an agreement with Chantiers de l’Atlantique to build the sixth Oasis-class ship for Royal Caribbean\\nInternational. The ship is expected to have an aggregate capacity of approximately 5,700 berths and is expected to enter service in the fourth\\nquarter of 2023. The order with Chantiers de l’Atlantique is contingent upon completion of conditions precedent and financing, which is\\nexpected to be completed in 2019.\\n\\n12\",\"name\":\"fintabnet.RCL_2018_page_15__72dpi_heavy\",\"page_id\":\"fintabnet.RCL_2018_page_15\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.457,\"source\":\"fintabnet\",\"source_id\":\"RCL_2018_page_15\",\"stack\":[{\"deg\":2.457,\"op\":\"skew\"},{\"amp\":0.29,\"angle\":250.3,\"blob\":0.375,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.553},{\"op\":\"noise\",\"sigma\":13.663},{\"gain\":0.638,\"op\":\"contrast\"},{\"offset\":-0.007,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[1.2,112.2,539.0,488.4],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62],\"cells\":null}],\"text\":\"Table of Contents\\n\\nAs of December 31, 2018, our Global Brands and our Partner Brands have 16 ships on order. Two ships on order are being built in\\nGermany by Meyer Werft GmbH, four are being built in Finland by Meyer Turku shipyard, four are being built in France by Chantiers de\\nl’Atlantique (formerly known as STX France), four are being built in Italy by Fincantieri and two are being built in the Netherlands by De\\nHoop Lobith. As of December 31, 2018, the expected dates that the ships on order will enter service and their approximate berths are as\\nfollows:\\n\\nExpected to Enter\\nService\\n\\nApproximate\\nBerths\\n\\n2nd Quarter 2021\\n\\n5,500\\n\\nSpectrum of the Seas\\n\\n2nd Quarter 2019\\n\\n4,250\\n\\nOdyssey of the Seas\\n\\n4th Quarter 2020\\n\\n4,250\\n\\nUnnamed\\n\\n2nd Quarter 2022\\n\\n5,650\\n\\nUnnamed\\n\\n2nd Quarter 2024\\n\\n5,650\\n\\nCelebrity Apex\\n\\n2nd Quarter 2020\\n\\n2,900\\n\\nUnnamed\\n\\n4th Quarter 2021\\n\\n3,200\\n\\nUnnamed\\n\\n4th Quarter 2022\\n\\n3,200\\n\\nCelebrity Flora\\n\\n2nd Quarter 2019\\n\\n100\\n\\nSilver Origin\\n\\n1st Quarter 2020\\n\\n100\\n\\nSilver Moon\\n\\n3rd Quarter 2020\\n\\n550\\n\\nSilver Dawn\\n\\n3rd Quarter 2021\\n\\n550\\n\\nMein Schiff 2 (1)\\n\\n1st Quarter 2019\\n\\n2,850\\n\\nMein Schiff 7\\n\\n2nd Quarter 2023\\n\\n2,850\\n\\nUnnamed\\n\\n3rd Quarter 2024\\n\\n4,100\\n\\nUnnamed\\n\\n1st Quarter 2026\\n\\n4,100\\n\\nShip\\n\\nRoyal Caribbean International —\\n\\nOasis-class:\\n\\nUnnamed\\n\\nQuantum-class:\\n\\nIcon-class:\\n\\nCelebrity Cruises —\\n\\nEdge-class:\\n\\nSilversea Cruises —\\n\\nTUI Cruises (50% joint venture)—\\n\\n49,800\\n\\nTotal Berths\\n\\n___________________________________________________________________\\n\\n(1)\\n\\nTUI Cruises' newbuild entered service as Mein Schiff 2 in February 2019.\\n\\nIn addition, in September 2018, Silversea Cruises signed a memorandum of understanding with Meyer Werft to build two ships of a new\\ngeneration of ships. The ships are expected to have an aggregate capacity of approximately 1,200 berths and are expected to enter service in\\n2022 and 2023, respectively. The memorandum of understanding with Meyer Werft is contingent upon the completion of final documentation\\nand financing, which are expected to be completed in the first quarter of 2019.\\n\\nIn February 2019, we entered into an agreement with Chantiers de l’Atlantique to build the sixth Oasis-class ship for Royal Caribbean\\nInternational. The ship is expected to have an aggregate capacity of approximately 5,700 berths and is expected to enter service in the fourth\\nquarter of 2023. The order with Chantiers de l’Atlantique is contingent upon completion of conditions precedent and financing, which is\\nexpected to be completed in 2019.\\n\\n12\"},\"name\":\"fintabnet.RCL_2018_page_15__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":67405,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:RCL_2018\",\"dpi\":72,\"gt_sha256\":\"05d91a00e8559d9de128691b72fbefe1325e561362bc5fbb6ff99f844b42ba69\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.RCL_2018_page_15__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.RCL_2018_page_15\",\"pdf_sha256\":\"b21fc723ca074463a6b3ac6ccfc9d25510e3a0a12a162f4a71e62bd36e7db05b\",\"px\":[595,842],\"scan\":{\"render\":\"fffffffffffefffefffefffef03ee03ec01600007f0670000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"RCL_2018_page_15\",\"src\":{\"file_sha256\":\"d83d39cdcba11d5567e7ed8d2bb9e5da896c8732ba5cd5da01eb66d5616e37de\",\"render\":\"4000ffffe036e03ee03ec03ec03ef03ec03e0006ffffffff0000000000000000\",\"text\":\"220fb835ca3b8644d7eeb041acb514e50c09ab66290402600293536e22d40999\"},\"stack\":[{\"deg\":2.457,\"op\":\"skew\"},{\"amp\":0.29,\"angle\":250.3,\"blob\":0.375,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.553},{\"op\":\"noise\",\"sigma\":13.663},{\"gain\":0.638,\"op\":\"contrast\"},{\"offset\":-0.007,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b21fc723ca074463a6b3ac6ccfc9d25510e3a0a12a162f4a71e62bd36e7db05b\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b21fc723ca074463a6b3ac6ccfc9d25510e3a0a12a162f4a71e62bd36e7db05b.pdf","asset_sha256":"b21fc723ca074463a6b3ac6ccfc9d25510e3a0a12a162f4a71e62bd36e7db05b","document_id":"fintabnet:RCL_2018","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RCL_2018_page_15\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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Rental payments will commence in January 2011.\"},{\"bbox\":[65.5,85.0,72.1,92.7],\"lines\":[{\"bbox\":[65.5,85.0,72.1,92.7],\"text\":\"(4)\"}],\"order\":2,\"text\":\"(4)\"},{\"bbox\":[88.2,81.3,469.4,97.1],\"lines\":[{\"bbox\":[88.2,81.3,469.4,97.1],\"text\":\"Represents space currently under construction. Rental payments will commence in June 2010.\"}],\"order\":3,\"text\":\"Represents space currently under construction. Rental payments will commence in June 2010.\"},{\"bbox\":[65.6,103.0,72.3,110.7],\"lines\":[{\"bbox\":[65.6,103.0,72.3,110.7],\"text\":\"(5)\"}],\"order\":4,\"text\":\"(5)\"},{\"bbox\":[88.3,100.1,360.5,115.2],\"lines\":[{\"bbox\":[88.3,100.1,360.5,115.2],\"text\":\"Relates to sublease in Bridgewater, New Jersey as described above.\"}],\"order\":5,\"text\":\"Relates to sublease in Bridgewater, New Jersey as described above.\"},{\"bbox\":[65.7,116.9,534.6,157.4],\"lines\":[{\"bbox\":[88.4,116.9,534.5,133.2],\"text\":\"We believe that our existing owned and leased facilities are adequate for ongoing research, development,\"},{\"bbox\":[65.8,128.9,534.5,145.4],\"text\":\"manufacturing, and administrative activities. In the future, we may lease, operate, or purchase additional facilities in\"},{\"bbox\":[65.9,141.0,518.1,157.4],\"text\":\"which to conduct expanded research and development activities and manufacturing and commercial operations.\"}],\"order\":6,\"text\":\"We believe that our existing owned and leased facilities are adequate for ongoing research, development,\\nmanufacturing, and administrative activities. In the future, we may lease, operate, or purchase additional facilities in\\nwhich to conduct expanded research and development activities and manufacturing and commercial operations.\"},{\"bbox\":[66.1,167.8,103.2,181.4],\"lines\":[{\"bbox\":[66.1,167.8,103.2,181.4],\"text\":\"ITEM 3.\"}],\"order\":7,\"text\":\"ITEM 3.\"},{\"bbox\":[115.7,166.9,227.1,181.1],\"lines\":[{\"bbox\":[115.7,166.9,227.1,181.1],\"text\":\"LEGAL PROCEEDINGS\"}],\"order\":8,\"text\":\"LEGAL PROCEEDINGS\"},{\"bbox\":[66.2,183.0,535.1,211.4],\"lines\":[{\"bbox\":[88.9,183.0,535.0,199.3],\"text\":\"From time to time, we are a party to legal proceedings in the course of our business. We do not expect any such\"},{\"bbox\":[66.3,195.5,460.9,211.4],\"text\":\"current legal proceedings to have a material adverse effect on our business or financial condition.\"}],\"order\":9,\"text\":\"From time to time, we are a party to legal proceedings in the course of our business. We do not expect any such\\ncurrent legal proceedings to have a material adverse effect on our business or financial condition.\"},{\"bbox\":[66.4,221.9,103.7,235.5],\"lines\":[{\"bbox\":[66.4,221.9,103.7,235.5],\"text\":\"ITEM 4.\"}],\"order\":10,\"text\":\"ITEM 4.\"},{\"bbox\":[116.1,219.6,428.5,235.1],\"lines\":[{\"bbox\":[116.1,219.6,428.5,235.1],\"text\":\"SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS\"}],\"order\":11,\"text\":\"SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS\"},{\"bbox\":[66.6,237.0,535.4,265.5],\"lines\":[{\"bbox\":[89.3,237.0,535.4,253.3],\"text\":\"No matters were submitted to a vote of our security holders during the last quarter of the fiscal year ended\"},{\"bbox\":[66.6,251.8,147.0,265.5],\"text\":\"December 31, 2009.\"}],\"order\":12,\"text\":\"No matters were submitted to a vote of our security holders during the last quarter of the fiscal year ended\\nDecember 31, 2009.\"},{\"bbox\":[299.8,741.3,309.2,754.5],\"lines\":[{\"bbox\":[299.8,741.3,309.2,754.5],\"text\":\"31\"}],\"order\":13,\"text\":\"31\"}],\"doc\":\"fintabnet:REGN_2009\",\"dpi\":72,\"image_px\":[604,784],\"layout\":[],\"markdown\":\"(3)\\n\\nRepresents space currently under construction. 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COMMON EQUITY, RELATED STOCKHOLDER\\nMATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES\"},{\"bbox\":[140.8,246.4,1116.1,298.8],\"lines\":[{\"bbox\":[188.0,246.4,1116.1,273.8],\"text\":\"Our Common Stock is quoted on The NASDAQ Global Select Market under the symbol “REGN.” Our Class A\"},{\"bbox\":[140.8,271.4,688.2,298.8],\"text\":\"Stock, par value $.001 per share, is not publicly quoted or traded.\"}],\"order\":3,\"text\":\"Our Common Stock is quoted on The NASDAQ Global Select Market under the symbol “REGN.” Our Class A\\nStock, par value $.001 per share, is not publicly quoted or traded.\"},{\"bbox\":[140.8,308.9,1116.1,361.3],\"lines\":[{\"bbox\":[188.0,308.9,1116.1,336.3],\"text\":\"The following table sets forth, for the periods indicated, the range of high and low sales prices for the Common\"},{\"bbox\":[140.8,333.9,630.9,361.3],\"text\":\"Stock as reported by The NASDAQ Global Select Market:\"}],\"order\":4,\"text\":\"The following table sets forth, for the periods indicated, the range of high and low sales prices for the Common\\nStock as reported by The NASDAQ Global Select Market:\"},{\"bbox\":[319.5,397.9,757.2,530.7],\"lines\":[{\"bbox\":[319.5,397.9,362.2,425.6],\"text\":\"2008\"},{\"bbox\":[349.0,424.5,757.2,451.9],\"text\":\"First Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[349.0,450.8,757.2,478.2],\"text\":\"Second Quarter . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[349.0,477.0,757.2,504.4],\"text\":\"Third Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[349.0,503.3,757.2,530.7],\"text\":\"Fourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":5,\"text\":\"2008\\nFirst Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond Quarter . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[802.9,375.9,839.3,398.1],\"lines\":[{\"bbox\":[802.9,375.9,839.3,398.1],\"text\":\"High\"}],\"order\":6,\"text\":\"High\"},{\"bbox\":[892.7,375.9,924.4,398.1],\"lines\":[{\"bbox\":[892.7,375.9,924.4,398.1],\"text\":\"Low\"}],\"order\":7,\"text\":\"Low\"},{\"bbox\":[792.4,424.5,850.1,530.7],\"lines\":[{\"bbox\":[792.4,424.5,850.1,451.9],\"text\":\"$25.25\"},{\"bbox\":[803.2,450.8,850.1,478.2],\"text\":\"21.68\"},{\"bbox\":[803.2,477.0,850.1,504.4],\"text\":\"24.00\"},{\"bbox\":[803.2,503.3,850.1,530.7],\"text\":\"22.82\"}],\"order\":8,\"text\":\"$25.25\\n21.68\\n24.00\\n22.82\"},{\"bbox\":[879.8,424.5,937.5,530.7],\"lines\":[{\"bbox\":[879.8,424.5,937.5,451.9],\"text\":\"$15.61\"},{\"bbox\":[890.6,450.8,937.5,478.2],\"text\":\"13.75\"},{\"bbox\":[890.6,477.0,937.5,504.4],\"text\":\"13.29\"},{\"bbox\":[890.6,503.3,937.5,530.7],\"text\":\"12.62\"}],\"order\":9,\"text\":\"$15.61\\n13.75\\n13.29\\n12.62\"},{\"bbox\":[319.5,555.4,757.2,688.3],\"lines\":[{\"bbox\":[319.5,555.4,362.0,583.2],\"text\":\"2009\"},{\"bbox\":[349.0,582.1,757.2,609.5],\"text\":\"First Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[349.1,608.4,757.2,635.7],\"text\":\"Second Quarter . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[349.1,634.6,757.2,662.0],\"text\":\"Third Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[349.1,660.9,757.2,688.3],\"text\":\"Fourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":10,\"text\":\"2009\\nFirst Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond Quarter . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . 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there were 462 shareholders of record of our Common Stock and 39 shareholders of\\nrecord of our Class A Stock.\"},{\"bbox\":[188.1,783.5,976.5,810.9],\"lines\":[{\"bbox\":[188.1,783.5,976.5,810.9],\"text\":\"We have never paid cash dividends and do not anticipate paying any in the foreseeable future.\"}],\"order\":14,\"text\":\"We have never paid cash dividends and do not anticipate paying any in the foreseeable future.\"},{\"bbox\":[140.8,821.0,1116.2,898.4],\"lines\":[{\"bbox\":[188.1,821.0,1116.1,848.4],\"text\":\"The information under the heading “Equity Compensation Plan Information” in our definitive proxy statement\"},{\"bbox\":[140.8,846.0,1116.2,873.4],\"text\":\"with respect to our 2010 Annual Meeting of Shareholders to be filed with the SEC is incorporated by reference into\"},{\"bbox\":[140.8,871.0,455.8,898.4],\"text\":\"Item 12 of this Report on Form 10-K.\"}],\"order\":15,\"text\":\"The information under the heading “Equity Compensation Plan Information” in our definitive proxy statement\\nwith respect to our 2010 Annual Meeting of Shareholders to be filed with the SEC is incorporated by reference into\\nItem 12 of this Report on Form 10-K.\"},{\"bbox\":[618.4,1543.2,638.6,1570.5],\"lines\":[{\"bbox\":[618.4,1543.2,638.6,1570.5],\"text\":\"32\"}],\"order\":16,\"text\":\"32\"}],\"doc\":\"fintabnet:REGN_2009\",\"dpi\":150,\"image_px\":[1257,1632],\"layout\":[],\"markdown\":\"PART I I\\n\\nITEM 5.\\n\\nMARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER\\nMATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES\\n\\nOur Common Stock is quoted on The NASDAQ Global Select Market under the symbol “REGN.” Our Class A\\nStock, par value $.001 per share, is not publicly quoted or traded.\\n\\nThe following table sets forth, for the periods indicated, the range of high and low sales prices for the Common\\nStock as reported by The NASDAQ Global Select Market:\\n\\n2008\\nFirst Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond Quarter . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nHigh\\n\\nLow\\n\\n$25.25\\n21.68\\n24.00\\n22.82\\n\\n$15.61\\n13.75\\n13.29\\n12.62\\n\\n2009\\nFirst Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond Quarter . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$20.08\\n18.42\\n23.49\\n24.97\\n\\n$11.81\\n12.11\\n16.05\\n15.02\\n\\nAs of February 12, 2010, there were 462 shareholders of record of our Common Stock and 39 shareholders of\\nrecord of our Class A Stock.\\n\\nWe have never paid cash dividends and do not anticipate paying any in the foreseeable future.\\n\\nThe information under the heading “Equity Compensation Plan Information” in our definitive proxy statement\\nwith respect to our 2010 Annual Meeting of Shareholders to be filed with the SEC is incorporated by reference into\\nItem 12 of this Report on Form 10-K.\\n\\n32\",\"name\":\"fintabnet.REGN_2009_page_51__150dpi_none\",\"page_id\":\"fintabnet.REGN_2009_page_51\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"REGN_2009_page_51\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[319.5,378.1,937.6,686.4],\"block_orders\":[5,6,7,8,9,10,11,12],\"cells\":null}],\"text\":\"PART I I\\n\\nITEM 5.\\n\\nMARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER\\nMATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES\\n\\nOur Common Stock is quoted on The NASDAQ Global Select Market under the symbol “REGN.” Our Class A\\nStock, par value $.001 per share, is not publicly quoted or traded.\\n\\nThe following table sets forth, for the periods indicated, the range of high and low sales prices for the Common\\nStock as reported by The NASDAQ Global Select Market:\\n\\n2008\\nFirst Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond Quarter . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nHigh\\n\\nLow\\n\\n$25.25\\n21.68\\n24.00\\n22.82\\n\\n$15.61\\n13.75\\n13.29\\n12.62\\n\\n2009\\nFirst Quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSecond Quarter . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThird Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFourth Quarter . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$20.08\\n18.42\\n23.49\\n24.97\\n\\n$11.81\\n12.11\\n16.05\\n15.02\\n\\nAs of February 12, 2010, there were 462 shareholders of record of our Common Stock and 39 shareholders of\\nrecord of our Class A Stock.\\n\\nWe have never paid cash dividends and do not anticipate paying any in the foreseeable future.\\n\\nThe information under the heading “Equity Compensation Plan Information” in our definitive proxy statement\\nwith respect to our 2010 Annual Meeting of Shareholders to be filed with the SEC is incorporated by reference into\\nItem 12 of this Report on Form 10-K.\\n\\n32\"},\"name\":\"fintabnet.REGN_2009_page_51__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":68322,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:REGN_2009\",\"dpi\":150,\"gt_sha256\":\"226b2a96d91dc7e7e2a4cae12384c76813c244793f1d9265bcd44776ad4b342f\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"REGN_2009_page_81\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:REGN_2009\",\"ground_truth\":{\"blocks\":[{\"bbox\":[128.5,176.9,142.0,193.1],\"lines\":[{\"bbox\":[128.5,176.9,142.0,193.1],\"text\":\"(1)\"}],\"order\":0,\"text\":\"(1)\"},{\"bbox\":[175.7,156.8,1104.6,226.8],\"lines\":[{\"bbox\":[175.7,156.8,1104.1,201.8],\"text\":\"Excludes future contingent costs for utilities, real estate taxes, and operating expenses included in our rent. In\"},{\"bbox\":[176.2,186.7,845.3,226.8],\"text\":\"2009, these costs were $8.4 million. See Note 11(a) to our Financial Statements.\"}],\"order\":1,\"text\":\"Excludes future contingent costs for utilities, real estate taxes, and operating expenses included in our rent. In\\n2009, these costs were $8.4 million. See Note 11(a) to our Financial Statements.\"},{\"bbox\":[129.7,239.4,143.7,255.6],\"lines\":[{\"bbox\":[129.7,239.4,143.7,255.6],\"text\":\"(2)\"}],\"order\":2,\"text\":\"(2)\"},{\"bbox\":[176.9,219.3,1106.9,339.3],\"lines\":[{\"bbox\":[176.9,219.3,1105.5,264.3],\"text\":\"Purchase obligations primarily relate to (i) research and development commitments, including those related to\"},{\"bbox\":[177.4,244.3,1105.9,289.3],\"text\":\"clinical trials, (ii) capital expenditures for equipment acquisitions, and (iii) license payments. Our obligation to\"},{\"bbox\":[177.9,269.3,1106.3,314.3],\"text\":\"pay certain of these amounts may increase or be reduced based on certain future events. Open purchase orders\"},{\"bbox\":[178.3,294.4,1103.5,339.3],\"text\":\"for the acquisition of goods and services in the ordinary course of business are excluded from the table above.\"}],\"order\":3,\"text\":\"Purchase obligations primarily relate to (i) research and development commitments, including those related to\\nclinical trials, (ii) capital expenditures for equipment acquisitions, and (iii) license payments. Our obligation to\\npay certain of these amounts may increase or be reduced based on certain future events. Open purchase orders\\nfor the acquisition of goods and services in the ordinary course of business are excluded from the table above.\"},{\"bbox\":[131.8,351.9,145.7,368.2],\"lines\":[{\"bbox\":[131.8,351.9,145.7,368.2],\"text\":\"(3)\"}],\"order\":4,\"text\":\"(3)\"},{\"bbox\":[179.0,331.8,1108.0,401.9],\"lines\":[{\"bbox\":[179.0,331.8,1107.5,376.9],\"text\":\"Represents payments with respect to facility lease obligations in connection with our lease of facilities in\"},{\"bbox\":[179.5,360.6,907.9,401.9],\"text\":\"Tarrytown, New York, as described above. See Note 11(a) to our Financial Statements.\"}],\"order\":5,\"text\":\"Represents payments with respect to facility lease obligations in connection with our lease of facilities in\\nTarrytown, New York, as described above. See Note 11(a) to our Financial Statements.\"},{\"bbox\":[133.0,394.3,1111.1,565.3],\"lines\":[{\"bbox\":[180.2,394.3,1108.7,439.4],\"text\":\"As described above, in February 2010, we received $47.5 million from our landlord in connection with tenant\"},{\"bbox\":[133.4,419.3,1109.1,465.3],\"text\":\"improvement costs in Tarrytown. As a result, total contractual obligations, as detailed in the table above, will\"},{\"bbox\":[133.9,444.3,1109.7,490.3],\"text\":\"increase (i) from 127.0 million to $130.9 million for the year ending December 31, 2010, (ii) from $72.1 million to\"},{\"bbox\":[134.4,469.3,1110.1,515.3],\"text\":\"$80.0 million for the two-year period beginning January 1, 2011, (iii) from $39.0 million to $47.0 million for the two-\"},{\"bbox\":[134.9,494.3,1110.5,540.3],\"text\":\"year period beginning January 1, 2013, and (iv) from $214.1 million to $251.6 million for the fiscal years beginning\"},{\"bbox\":[135.4,533.0,394.6,565.3],\"text\":\"January 1, 2015 and thereafter.\"}],\"order\":6,\"text\":\"As described above, in February 2010, we received $47.5 million from our landlord in connection with tenant\\nimprovement costs in Tarrytown. As a result, total contractual obligations, as detailed in the table above, will\\nincrease (i) from 127.0 million to $130.9 million for the year ending December 31, 2010, (ii) from $72.1 million to\\n$80.0 million for the two-year period beginning January 1, 2011, (iii) from $39.0 million to $47.0 million for the two-\\nyear period beginning January 1, 2013, and (iv) from $214.1 million to $251.6 million for the fiscal years beginning\\nJanuary 1, 2015 and thereafter.\"},{\"bbox\":[136.1,556.9,1118.1,927.9],\"lines\":[{\"bbox\":[183.3,556.9,1111.7,601.9],\"text\":\"Under our collaboration with Bayer HealthCare, over the next several years we and Bayer HealthCare will share\"},{\"bbox\":[136.5,581.9,1112.2,627.8],\"text\":\"agreed upon VEGF Trap-Eye development expenses incurred by both companies, under a global development plan,\"},{\"bbox\":[137.0,606.9,1112.6,652.8],\"text\":\"as described above. In addition, under our collaboration agreements with sanofi-aventis and Bayer HealthCare, if the\"},{\"bbox\":[137.5,631.9,1113.1,677.8],\"text\":\"applicable collaboration becomes profitable, we have contingent contractual obligations to reimburse sanofi-aventis\"},{\"bbox\":[138.0,656.9,1113.7,702.8],\"text\":\"and Bayer HealthCare for a defined percentage (generally 50%) of agreed-upon development expenses incurred\"},{\"bbox\":[138.4,681.9,1114.1,727.8],\"text\":\"by sanofi-aventis and Bayer HealthCare, respectively. Profitability under each collaboration will be measured\"},{\"bbox\":[138.9,706.9,1114.7,752.8],\"text\":\"by calculating net sales less agreed-upon expenses. These reimbursements would be deducted from our share of\"},{\"bbox\":[139.4,731.9,1115.1,777.8],\"text\":\"the collaboration profits (and, for our aflibercept collaboration with sanofi-aventis, royalties on product sales in\"},{\"bbox\":[139.9,756.9,1115.6,802.9],\"text\":\"Japan) otherwise payable to us unless we agree to reimburse these expenses at a faster rate at our option. Given the\"},{\"bbox\":[140.4,781.9,1115.9,827.9],\"text\":\"uncertainties related to drug development (including the development of aflibercept and co-developed antibody\"},{\"bbox\":[140.8,806.9,1116.4,852.9],\"text\":\"candidates in collaboration with sanofi-aventis and VEGF Trap-Eye in collaboration with Bayer HealthCare) such\"},{\"bbox\":[141.3,831.9,1117.0,877.9],\"text\":\"as the variability in the length of time necessary to develop a product candidate and the ultimate ability to obtain\"},{\"bbox\":[141.8,856.9,1117.4,902.9],\"text\":\"governmental approval for commercialization, we are currently unable to reliably estimate if our collaborations with\"},{\"bbox\":[142.3,890.8,653.2,927.9],\"text\":\"sanofi-aventis and Bayer HealthCare will become profitable.\"}],\"order\":7,\"text\":\"Under our collaboration with Bayer HealthCare, over the next several years we and Bayer HealthCare will share\\nagreed upon VEGF Trap-Eye development expenses incurred by both companies, under a global development plan,\\nas described above. In addition, under our collaboration agreements with sanofi-aventis and Bayer HealthCare, if the\\napplicable collaboration becomes profitable, we have contingent contractual obligations to reimburse sanofi-aventis\\nand Bayer HealthCare for a defined percentage (generally 50%) of agreed-upon development expenses incurred\\nby sanofi-aventis and Bayer HealthCare, respectively. Profitability under each collaboration will be measured\\nby calculating net sales less agreed-upon expenses. These reimbursements would be deducted from our share of\\nthe collaboration profits (and, for our aflibercept collaboration with sanofi-aventis, royalties on product sales in\\nJapan) otherwise payable to us unless we agree to reimburse these expenses at a faster rate at our option. Given the\\nuncertainties related to drug development (including the development of aflibercept and co-developed antibody\\ncandidates in collaboration with sanofi-aventis and VEGF Trap-Eye in collaboration with Bayer HealthCare) such\\nas the variability in the length of time necessary to develop a product candidate and the ultimate ability to obtain\\ngovernmental approval for commercialization, we are currently unable to reliably estimate if our collaborations with\\nsanofi-aventis and Bayer HealthCare will become profitable.\"},{\"bbox\":[143.0,919.4,1125.0,1290.5],\"lines\":[{\"bbox\":[190.2,919.4,1118.7,964.5],\"text\":\"The amount we need to fund operations will depend on various factors, including the status of competitive\"},{\"bbox\":[143.4,944.4,1119.2,990.4],\"text\":\"products, the success of our research and development programs, the potential future need to expand our professional\"},{\"bbox\":[143.9,969.4,1119.5,1015.4],\"text\":\"and support staff and facilities, the status of patents and other intellectual property rights, the delay or failure of a\"},{\"bbox\":[144.4,994.5,1120.1,1040.4],\"text\":\"clinical trial of any of our potential drug candidates, and the continuation, extent, and success of our collaborations\"},{\"bbox\":[144.9,1019.5,1120.5,1065.4],\"text\":\"with sanofi-aventis and Bayer HealthCare. Clinical trial costs are dependent, among other things, on the size and\"},{\"bbox\":[145.4,1044.5,1121.0,1090.4],\"text\":\"duration of trials, fees charged for services provided by clinical trial investigators and other third parties, the costs\"},{\"bbox\":[145.8,1069.5,1121.5,1115.4],\"text\":\"for manufacturing the product candidate for use in the trials, and for supplies, laboratory tests, and other expenses.\"},{\"bbox\":[146.3,1094.5,1122.1,1140.4],\"text\":\"The amount of funding that will be required for our clinical programs depends upon the results of our research and\"},{\"bbox\":[146.8,1119.5,1122.5,1165.4],\"text\":\"preclinical programs and early-stage clinical trials, regulatory requirements, the duration and results of clinical trials\"},{\"bbox\":[147.3,1144.5,1122.8,1190.4],\"text\":\"underway and of additional clinical trials that we decide to initiate, and the various factors that affect the cost of each\"},{\"bbox\":[147.7,1169.5,1123.6,1215.4],\"text\":\"trial as described above. Currently, we are required to remit royalties on product sales of ARCALYST ® (rilonacept)\"},{\"bbox\":[148.2,1194.5,1123.9,1240.5],\"text\":\"for the treatment of CAPS. In the future, if we are able to successfully develop, market, and sell ARCALYST for other\"},{\"bbox\":[148.7,1219.5,1124.4,1265.5],\"text\":\"indications or certain of our product candidates, we may be required to pay royalties or otherwise share the profits\"},{\"bbox\":[149.2,1249.1,884.0,1290.5],\"text\":\"generated on such sales in connection with our collaboration and licensing agreements.\"}],\"order\":8,\"text\":\"The amount we need to fund operations will depend on various factors, including the status of competitive\\nproducts, the success of our research and development programs, the potential future need to expand our professional\\nand support staff and facilities, the status of patents and other intellectual property rights, the delay or failure of a\\nclinical trial of any of our potential drug candidates, and the continuation, extent, and success of our collaborations\\nwith sanofi-aventis and Bayer HealthCare. Clinical trial costs are dependent, among other things, on the size and\\nduration of trials, fees charged for services provided by clinical trial investigators and other third parties, the costs\\nfor manufacturing the product candidate for use in the trials, and for supplies, laboratory tests, and other expenses.\\nThe amount of funding that will be required for our clinical programs depends upon the results of our research and\\npreclinical programs and early-stage clinical trials, regulatory requirements, the duration and results of clinical trials\\nunderway and of additional clinical trials that we decide to initiate, and the various factors that affect the cost of each\\ntrial as described above. Currently, we are required to remit royalties on product sales of ARCALYST ® (rilonacept)\\nfor the treatment of CAPS. In the future, if we are able to successfully develop, market, and sell ARCALYST for other\\nindications or certain of our product candidates, we may be required to pay royalties or otherwise share the profits\\ngenerated on such sales in connection with our collaboration and licensing agreements.\"},{\"bbox\":[149.9,1282.0,1126.0,1353.0],\"lines\":[{\"bbox\":[197.2,1282.0,1125.5,1327.1],\"text\":\"We expect that expenses related to the filing, prosecution, defense, and enforcement of patents and other\"},{\"bbox\":[150.4,1317.3,587.8,1353.0],\"text\":\"intellectual property will continue to be substantial.\"}],\"order\":9,\"text\":\"We expect that expenses related to the filing, prosecution, defense, and enforcement of patents and other\\nintellectual property will continue to be substantial.\"},{\"bbox\":[151.1,1344.5,1128.8,1490.5],\"lines\":[{\"bbox\":[198.4,1344.5,1126.8,1389.6],\"text\":\"We believe that our existing capital resources, including funding we are entitled to receive under our collaboration\"},{\"bbox\":[151.6,1369.5,1127.1,1415.5],\"text\":\"agreements, will enable us to meet operating needs through at least 2012. However, this is a forward-looking statement\"},{\"bbox\":[152.0,1394.5,1127.7,1440.5],\"text\":\"based on our current operating plan, and there may be a change in projected revenues or expenses that would lead\"},{\"bbox\":[152.5,1419.5,1128.3,1465.5],\"text\":\"to our capital being consumed significantly before such time. For example, if we choose to commercialize products\"},{\"bbox\":[153.0,1444.6,1128.8,1490.5],\"text\":\"that are not licensed to a third party, we could incur substantial pre-marketing and commercialization expenses that\"}],\"order\":10,\"text\":\"We believe that our existing capital resources, including funding we are entitled to receive under our collaboration\\nagreements, will enable us to meet operating needs through at least 2012. However, this is a forward-looking statement\\nbased on our current operating plan, and there may be a change in projected revenues or expenses that would lead\\nto our capital being consumed significantly before such time. For example, if we choose to commercialize products\\nthat are not licensed to a third party, we could incur substantial pre-marketing and commercialization expenses that\"},{\"bbox\":[632.2,1542.8,653.1,1570.6],\"lines\":[{\"bbox\":[632.2,1542.8,653.1,1570.6],\"text\":\"62\"}],\"order\":11,\"text\":\"62\"}],\"doc\":\"fintabnet:REGN_2009\",\"dpi\":150,\"image_px\":[1257,1632],\"layout\":[],\"markdown\":\"(1)\\n\\nExcludes future contingent costs for utilities, real estate taxes, and operating expenses included in our rent. In\\n2009, these costs were $8.4 million. See Note 11(a) to our Financial Statements.\\n\\n(2)\\n\\nPurchase obligations primarily relate to (i) research and development commitments, including those related to\\nclinical trials, (ii) capital expenditures for equipment acquisitions, and (iii) license payments. Our obligation to\\npay certain of these amounts may increase or be reduced based on certain future events. Open purchase orders\\nfor the acquisition of goods and services in the ordinary course of business are excluded from the table above.\\n\\n(3)\\n\\nRepresents payments with respect to facility lease obligations in connection with our lease of facilities in\\nTarrytown, New York, as described above. See Note 11(a) to our Financial Statements.\\n\\nAs described above, in February 2010, we received $47.5 million from our landlord in connection with tenant\\nimprovement costs in Tarrytown. As a result, total contractual obligations, as detailed in the table above, will\\nincrease (i) from 127.0 million to $130.9 million for the year ending December 31, 2010, (ii) from $72.1 million to\\n$80.0 million for the two-year period beginning January 1, 2011, (iii) from $39.0 million to $47.0 million for the two-\\nyear period beginning January 1, 2013, and (iv) from $214.1 million to $251.6 million for the fiscal years beginning\\nJanuary 1, 2015 and thereafter.\\n\\nUnder our collaboration with Bayer HealthCare, over the next several years we and Bayer HealthCare will share\\nagreed upon VEGF Trap-Eye development expenses incurred by both companies, under a global development plan,\\nas described above. In addition, under our collaboration agreements with sanofi-aventis and Bayer HealthCare, if the\\napplicable collaboration becomes profitable, we have contingent contractual obligations to reimburse sanofi-aventis\\nand Bayer HealthCare for a defined percentage (generally 50%) of agreed-upon development expenses incurred\\nby sanofi-aventis and Bayer HealthCare, respectively. Profitability under each collaboration will be measured\\nby calculating net sales less agreed-upon expenses. These reimbursements would be deducted from our share of\\nthe collaboration profits (and, for our aflibercept collaboration with sanofi-aventis, royalties on product sales in\\nJapan) otherwise payable to us unless we agree to reimburse these expenses at a faster rate at our option. Given the\\nuncertainties related to drug development (including the development of aflibercept and co-developed antibody\\ncandidates in collaboration with sanofi-aventis and VEGF Trap-Eye in collaboration with Bayer HealthCare) such\\nas the variability in the length of time necessary to develop a product candidate and the ultimate ability to obtain\\ngovernmental approval for commercialization, we are currently unable to reliably estimate if our collaborations with\\nsanofi-aventis and Bayer HealthCare will become profitable.\\n\\nThe amount we need to fund operations will depend on various factors, including the status of competitive\\nproducts, the success of our research and development programs, the potential future need to expand our professional\\nand support staff and facilities, the status of patents and other intellectual property rights, the delay or failure of a\\nclinical trial of any of our potential drug candidates, and the continuation, extent, and success of our collaborations\\nwith sanofi-aventis and Bayer HealthCare. Clinical trial costs are dependent, among other things, on the size and\\nduration of trials, fees charged for services provided by clinical trial investigators and other third parties, the costs\\nfor manufacturing the product candidate for use in the trials, and for supplies, laboratory tests, and other expenses.\\nThe amount of funding that will be required for our clinical programs depends upon the results of our research and\\npreclinical programs and early-stage clinical trials, regulatory requirements, the duration and results of clinical trials\\nunderway and of additional clinical trials that we decide to initiate, and the various factors that affect the cost of each\\ntrial as described above. Currently, we are required to remit royalties on product sales of ARCALYST ® (rilonacept)\\nfor the treatment of CAPS. In the future, if we are able to successfully develop, market, and sell ARCALYST for other\\nindications or certain of our product candidates, we may be required to pay royalties or otherwise share the profits\\ngenerated on such sales in connection with our collaboration and licensing agreements.\\n\\nWe expect that expenses related to the filing, prosecution, defense, and enforcement of patents and other\\nintellectual property will continue to be substantial.\\n\\nWe believe that our existing capital resources, including funding we are entitled to receive under our collaboration\\nagreements, will enable us to meet operating needs through at least 2012. However, this is a forward-looking statement\\nbased on our current operating plan, and there may be a change in projected revenues or expenses that would lead\\nto our capital being consumed significantly before such time. For example, if we choose to commercialize products\\nthat are not licensed to a third party, we could incur substantial pre-marketing and commercialization expenses that\\n\\n62\",\"name\":\"fintabnet.REGN_2009_page_81__150dpi_medium\",\"page_id\":\"fintabnet.REGN_2009_page_81\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.091,\"source\":\"fintabnet\",\"source_id\":\"REGN_2009_page_81\",\"stack\":[{\"deg\":1.091,\"op\":\"skew\"},{\"amp\":0.154,\"angle\":223.3,\"blob\":0.751,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":6.026},{\"gain\":0.741,\"op\":\"contrast\"},{\"offset\":-0.037,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[128.5,159.2,1108.1,400.9],\"block_orders\":[0,1,2,3,4,5],\"cells\":null}],\"text\":\"(1)\\n\\nExcludes future contingent costs for utilities, real estate taxes, and operating expenses included in our rent. In\\n2009, these costs were $8.4 million. See Note 11(a) to our Financial Statements.\\n\\n(2)\\n\\nPurchase obligations primarily relate to (i) research and development commitments, including those related to\\nclinical trials, (ii) capital expenditures for equipment acquisitions, and (iii) license payments. Our obligation to\\npay certain of these amounts may increase or be reduced based on certain future events. Open purchase orders\\nfor the acquisition of goods and services in the ordinary course of business are excluded from the table above.\\n\\n(3)\\n\\nRepresents payments with respect to facility lease obligations in connection with our lease of facilities in\\nTarrytown, New York, as described above. See Note 11(a) to our Financial Statements.\\n\\nAs described above, in February 2010, we received $47.5 million from our landlord in connection with tenant\\nimprovement costs in Tarrytown. As a result, total contractual obligations, as detailed in the table above, will\\nincrease (i) from 127.0 million to $130.9 million for the year ending December 31, 2010, (ii) from $72.1 million to\\n$80.0 million for the two-year period beginning January 1, 2011, (iii) from $39.0 million to $47.0 million for the two-\\nyear period beginning January 1, 2013, and (iv) from $214.1 million to $251.6 million for the fiscal years beginning\\nJanuary 1, 2015 and thereafter.\\n\\nUnder our collaboration with Bayer HealthCare, over the next several years we and Bayer HealthCare will share\\nagreed upon VEGF Trap-Eye development expenses incurred by both companies, under a global development plan,\\nas described above. In addition, under our collaboration agreements with sanofi-aventis and Bayer HealthCare, if the\\napplicable collaboration becomes profitable, we have contingent contractual obligations to reimburse sanofi-aventis\\nand Bayer HealthCare for a defined percentage (generally 50%) of agreed-upon development expenses incurred\\nby sanofi-aventis and Bayer HealthCare, respectively. Profitability under each collaboration will be measured\\nby calculating net sales less agreed-upon expenses. These reimbursements would be deducted from our share of\\nthe collaboration profits (and, for our aflibercept collaboration with sanofi-aventis, royalties on product sales in\\nJapan) otherwise payable to us unless we agree to reimburse these expenses at a faster rate at our option. Given the\\nuncertainties related to drug development (including the development of aflibercept and co-developed antibody\\ncandidates in collaboration with sanofi-aventis and VEGF Trap-Eye in collaboration with Bayer HealthCare) such\\nas the variability in the length of time necessary to develop a product candidate and the ultimate ability to obtain\\ngovernmental approval for commercialization, we are currently unable to reliably estimate if our collaborations with\\nsanofi-aventis and Bayer HealthCare will become profitable.\\n\\nThe amount we need to fund operations will depend on various factors, including the status of competitive\\nproducts, the success of our research and development programs, the potential future need to expand our professional\\nand support staff and facilities, the status of patents and other intellectual property rights, the delay or failure of a\\nclinical trial of any of our potential drug candidates, and the continuation, extent, and success of our collaborations\\nwith sanofi-aventis and Bayer HealthCare. Clinical trial costs are dependent, among other things, on the size and\\nduration of trials, fees charged for services provided by clinical trial investigators and other third parties, the costs\\nfor manufacturing the product candidate for use in the trials, and for supplies, laboratory tests, and other expenses.\\nThe amount of funding that will be required for our clinical programs depends upon the results of our research and\\npreclinical programs and early-stage clinical trials, regulatory requirements, the duration and results of clinical trials\\nunderway and of additional clinical trials that we decide to initiate, and the various factors that affect the cost of each\\ntrial as described above. Currently, we are required to remit royalties on product sales of ARCALYST ® (rilonacept)\\nfor the treatment of CAPS. In the future, if we are able to successfully develop, market, and sell ARCALYST for other\\nindications or certain of our product candidates, we may be required to pay royalties or otherwise share the profits\\ngenerated on such sales in connection with our collaboration and licensing agreements.\\n\\nWe expect that expenses related to the filing, prosecution, defense, and enforcement of patents and other\\nintellectual property will continue to be substantial.\\n\\nWe believe that our existing capital resources, including funding we are entitled to receive under our collaboration\\nagreements, will enable us to meet operating needs through at least 2012. However, this is a forward-looking statement\\nbased on our current operating plan, and there may be a change in projected revenues or expenses that would lead\\nto our capital being consumed significantly before such time. For example, if we choose to commercialize products\\nthat are not licensed to a third party, we could incur substantial pre-marketing and commercialization expenses that\\n\\n62\"},\"name\":\"fintabnet.REGN_2009_page_81__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":54681,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:REGN_2009\",\"dpi\":150,\"gt_sha256\":\"cfc50fd65b093916182ba56de0d226b5255fe6865c88f233e27e1bf1dd14dabc\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.REGN_2009_page_81__150dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.REGN_2009_page_81\",\"pdf_sha256\":\"aa4c647e632b5eecc0bb386df6e4b499267251224af2880124251b8acd93db26\",\"px\":[1257,1632],\"scan\":{\"render\":\"000000003ffc3fe03ffc3ffc3ffc3ffc3ffc3ffc3ffc3ffc3fe03ffc30000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"REGN_2009_page_81\",\"src\":{\"file_sha256\":\"62875e29627f2ca7ca771bc7004a894b538bff6f52e3ba44a3a63a4fa49feb34\",\"render\":\"000000001fe01ff81ff81ff83ffc3ffc3ff81ffc3ffc3ffc1fe03ffc00000000\",\"text\":\"e25a6cce2eb0ba7705c78bd69e466fe93ddde9b5490cdc8e3ec643c7fc1050db\"},\"stack\":[{\"deg\":1.091,\"op\":\"skew\"},{\"amp\":0.154,\"angle\":223.3,\"blob\":0.751,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":6.026},{\"gain\":0.741,\"op\":\"contrast\"},{\"offset\":-0.037,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"aa4c647e632b5eecc0bb386df6e4b499267251224af2880124251b8acd93db26\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/aa4c647e632b5eecc0bb386df6e4b499267251224af2880124251b8acd93db26.pdf","asset_sha256":"aa4c647e632b5eecc0bb386df6e4b499267251224af2880124251b8acd93db26","document_id":"fintabnet:REGN_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"REGN_2009_page_81\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RE_2007_page_55\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RE_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[52.1,60.1,533.1,115.7],\"lines\":[{\"bbox\":[52.1,60.1,532.0,91.7],\"text\":\"Overall, we believe that current marketplace conditions offer solid opportunities for us given our strong ratings, distribution\"},{\"bbox\":[52.6,72.1,532.5,103.7],\"text\":\"system, reputation and expertise. We continue to employ our strategy of targeting business that offers the greatest profit\"},{\"bbox\":[53.1,91.8,356.0,115.7],\"text\":\"potential, while maintaining balance and diversification in our overall portfolio.\"}],\"order\":0,\"text\":\"Overall, we believe that current marketplace conditions offer solid opportunities for us given our strong ratings, distribution\\nsystem, reputation and expertise. We continue to employ our strategy of targeting business that offers the greatest profit\\npotential, while maintaining balance and diversification in our overall portfolio.\"},{\"bbox\":[54.1,108.0,535.2,163.6],\"lines\":[{\"bbox\":[54.2,125.3,134.6,139.7],\"text\":\"Financial Summary.\"},{\"bbox\":[54.7,120.0,534.6,151.7],\"text\":\"We monitor and evaluate our overall performance based upon financial results. The following table displays a summary of\"},{\"bbox\":[55.2,137.2,415.0,163.6],\"text\":\"the consolidated net income (loss), ratios and shareholders’ equity for the periods indicated:\"}],\"order\":1,\"text\":\"Financial Summary.\\nWe monitor and evaluate our overall performance based upon financial results. The following table displays a summary of\\nthe consolidated net income (loss), ratios and shareholders’ equity for the periods indicated:\"},{\"bbox\":[257.0,157.5,364.0,172.9],\"lines\":[{\"bbox\":[257.0,157.5,364.0,172.9],\"text\":\"Years Ended December 31,\"}],\"order\":2,\"text\":\"Years Ended December 31,\"},{\"bbox\":[411.5,150.0,535.3,166.2],\"lines\":[{\"bbox\":[411.5,150.0,535.3,166.2],\"text\":\"Percentage Increase/(Decrease)\"}],\"order\":3,\"text\":\"Percentage Increase/(Decrease)\"},{\"bbox\":[239.3,178.2,261.2,189.9],\"lines\":[{\"bbox\":[239.3,178.2,261.2,189.9],\"text\":\"2007\"}],\"order\":4,\"text\":\"2007\"},{\"bbox\":[300.2,175.6,322.2,187.3],\"lines\":[{\"bbox\":[300.2,175.6,322.2,187.3],\"text\":\"2006\"}],\"order\":5,\"text\":\"2006\"},{\"bbox\":[361.2,172.9,383.1,184.6],\"lines\":[{\"bbox\":[361.2,172.9,383.1,184.6],\"text\":\"2005\"}],\"order\":6,\"text\":\"2005\"},{\"bbox\":[416.1,169.5,462.0,182.2],\"lines\":[{\"bbox\":[416.1,169.5,462.0,182.2],\"text\":\"2007/2006\"}],\"order\":7,\"text\":\"2007/2006\"},{\"bbox\":[486.2,166.4,532.1,179.2],\"lines\":[{\"bbox\":[486.2,166.4,532.1,179.2],\"text\":\"2006/2005\"}],\"order\":8,\"text\":\"2006/2005\"},{\"bbox\":[57.4,199.3,150.7,226.1],\"lines\":[{\"bbox\":[57.4,199.3,150.2,214.1],\"text\":\"Gross written premiums\"},{\"bbox\":[57.9,211.7,142.3,226.1],\"text\":\"Net written premiums\"}],\"order\":9,\"text\":\"Gross written premiums\\nNet written premiums\"},{\"bbox\":[229.2,194.0,273.2,218.6],\"lines\":[{\"bbox\":[229.2,194.0,272.7,206.6],\"text\":\"$ 4,077.6\"},{\"bbox\":[240.5,206.0,273.2,218.2],\"text\":\"3,919.4\"}],\"order\":10,\"text\":\"$ 4,077.6\\n3,919.4\"},{\"bbox\":[290.2,191.3,334.1,216.0],\"lines\":[{\"bbox\":[290.2,191.3,333.6,204.0],\"text\":\"$ 4,000.9\"},{\"bbox\":[301.4,203.3,334.1,215.5],\"text\":\"3,875.7\"}],\"order\":11,\"text\":\"$ 4,000.9\\n3,875.7\"},{\"bbox\":[351.1,188.7,395.1,213.3],\"lines\":[{\"bbox\":[351.1,188.7,394.6,201.3],\"text\":\"$ 4,108.6\"},{\"bbox\":[362.4,200.7,395.1,212.9],\"text\":\"3,972.0\"}],\"order\":12,\"text\":\"$ 4,108.6\\n3,972.0\"},{\"bbox\":[434.6,186.0,456.0,209.7],\"lines\":[{\"bbox\":[434.6,186.0,455.4,197.7],\"text\":\"1.9%\"},{\"bbox\":[435.1,198.0,456.0,209.7],\"text\":\"1.1%\"}],\"order\":13,\"text\":\"1.9%\\n1.1%\"},{\"bbox\":[501.6,183.0,526.0,206.8],\"lines\":[{\"bbox\":[501.6,183.0,525.5,194.8],\"text\":\"-2.6%\"},{\"bbox\":[502.1,195.0,526.0,206.8],\"text\":\"-2.4%\"}],\"order\":14,\"text\":\"-2.6%\\n-2.4%\"},{\"bbox\":[58.6,227.1,159.1,302.0],\"lines\":[{\"bbox\":[58.6,229.3,104.2,242.1],\"text\":\"REVENUES:\"},{\"bbox\":[59.1,240.3,127.8,254.1],\"text\":\"Premiums earned\"},{\"bbox\":[59.7,251.4,150.0,266.1],\"text\":\"Net investment income\"},{\"bbox\":[60.2,263.0,158.0,278.0],\"text\":\"Net realized capital gains\"},{\"bbox\":[60.7,275.4,148.9,290.0],\"text\":\"Net derivative expense\"},{\"bbox\":[61.2,287.2,154.1,302.0],\"text\":\"Other income (expense)\"}],\"order\":15,\"text\":\"REVENUES:\\nPremiums earned\\nNet investment income\\nNet realized capital gains\\nNet derivative expense\\nOther income (expense)\"},{\"bbox\":[231.0,233.8,279.4,294.5],\"lines\":[{\"bbox\":[231.0,233.9,274.4,246.6],\"text\":\"$ 3,997.5\"},{\"bbox\":[250.3,245.9,274.9,257.8],\"text\":\"682.4\"},{\"bbox\":[256.2,257.9,275.4,269.5],\"text\":\"86.3\"},{\"bbox\":[259.1,269.8,278.9,281.4],\"text\":\"(2.1)\"},{\"bbox\":[257.2,281.9,276.5,293.5],\"text\":\"18.0\"}],\"order\":16,\"text\":\"$ 3,997.5\\n682.4\\n86.3\\n(2.1)\\n18.0\"},{\"bbox\":[291.9,231.2,340.4,291.9],\"lines\":[{\"bbox\":[291.9,231.3,335.3,243.9],\"text\":\"$ 3,853.2\"},{\"bbox\":[311.2,243.3,335.9,255.1],\"text\":\"629.4\"},{\"bbox\":[317.1,255.3,336.4,266.9],\"text\":\"35.1\"},{\"bbox\":[320.1,267.1,339.8,278.7],\"text\":\"(0.4)\"},{\"bbox\":[323.5,279.2,337.4,290.6],\"text\":\"0.1\"}],\"order\":17,\"text\":\"$ 3,853.2\\n629.4\\n35.1\\n(0.4)\\n0.1\"},{\"bbox\":[352.9,228.5,401.3,289.2],\"lines\":[{\"bbox\":[352.9,228.6,396.3,241.3],\"text\":\"$ 3,963.1\"},{\"bbox\":[372.2,240.6,396.8,252.5],\"text\":\"522.8\"},{\"bbox\":[378.1,252.6,397.3,264.2],\"text\":\"90.3\"},{\"bbox\":[381.0,264.5,400.8,276.1],\"text\":\"(2.6)\"},{\"bbox\":[376.2,276.5,401.3,288.3],\"text\":\"(11.1)\"}],\"order\":18,\"text\":\"$ 3,963.1\\n522.8\\n90.3\\n(2.6)\\n(11.1)\"},{\"bbox\":[425.6,226.0,459.3,286.1],\"lines\":[{\"bbox\":[436.3,226.0,457.2,237.7],\"text\":\"3.7%\"},{\"bbox\":[436.9,238.0,457.7,249.7],\"text\":\"8.4%\"},{\"bbox\":[426.7,250.0,458.2,262.1],\"text\":\"146.1%\"},{\"bbox\":[437.9,262.3,451.8,273.6],\"text\":\"NM\"},{\"bbox\":[438.5,274.2,452.3,285.6],\"text\":\"NM\"}],\"order\":19,\"text\":\"3.7%\\n8.4%\\n146.1%\\nNM\\nNM\"},{\"bbox\":[497.9,222.9,529.3,282.9],\"lines\":[{\"bbox\":[503.3,222.9,527.2,234.8],\"text\":\"-2.8%\"},{\"bbox\":[501.6,234.9,527.8,246.8],\"text\":\"20.4%\"},{\"bbox\":[499.0,246.9,528.3,259.0],\"text\":\"-61.2%\"},{\"bbox\":[502.6,258.9,528.8,270.8],\"text\":\"84.4%\"},{\"bbox\":[508.5,271.2,522.4,282.6],\"text\":\"NM\"}],\"order\":20,\"text\":\"-2.8%\\n20.4%\\n-61.2%\\n84.4%\\nNM\"},{\"bbox\":[61.9,305.0,118.1,318.2],\"lines\":[{\"bbox\":[61.9,305.0,118.1,318.2],\"text\":\"Total revenues\"}],\"order\":21,\"text\":\"Total revenues\"},{\"bbox\":[244.5,298.1,277.2,310.3],\"lines\":[{\"bbox\":[244.5,298.1,277.2,310.3],\"text\":\"4,782.0\"}],\"order\":22,\"text\":\"4,782.0\"},{\"bbox\":[305.5,295.5,338.1,307.7],\"lines\":[{\"bbox\":[305.5,295.5,338.1,307.7],\"text\":\"4,517.3\"}],\"order\":23,\"text\":\"4,517.3\"},{\"bbox\":[366.4,292.8,399.1,305.0],\"lines\":[{\"bbox\":[366.4,292.8,399.1,305.0],\"text\":\"4,562.5\"}],\"order\":24,\"text\":\"4,562.5\"},{\"bbox\":[439.1,290.2,460.0,301.9],\"lines\":[{\"bbox\":[439.1,290.2,460.0,301.9],\"text\":\"5.9%\"}],\"order\":25,\"text\":\"5.9%\"},{\"bbox\":[506.1,287.1,530.0,298.9],\"lines\":[{\"bbox\":[506.1,287.1,530.0,298.9],\"text\":\"-1.0%\"}],\"order\":26,\"text\":\"-1.0%\"},{\"bbox\":[62.8,320.8,219.3,398.2],\"lines\":[{\"bbox\":[62.8,323.2,160.6,338.2],\"text\":\"CLAIMS AND EXPENSES:\"},{\"bbox\":[63.3,335.3,158.0,350.2],\"text\":\"Incurred losses and loss\"},{\"bbox\":[72.8,347.4,155.5,361.8],\"text\":\"adjustment expenses\"},{\"bbox\":[64.4,356.7,218.3,374.2],\"text\":\"Commission, brokerage, taxes and fees\"},{\"bbox\":[64.9,370.6,175.9,386.2],\"text\":\"Other underwriting expenses\"},{\"bbox\":[65.4,384.6,129.8,398.2],\"text\":\"Interest expense\"}],\"order\":27,\"text\":\"CLAIMS AND EXPENSES:\\nIncurred losses and loss\\nadjustment expenses\\nCommission, brokerage, taxes and fees\\nOther underwriting expenses\\nInterest 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claims and expenses\"}],\"order\":33,\"text\":\"Total claims and expenses\"},{\"bbox\":[248.7,394.3,281.4,406.5],\"lines\":[{\"bbox\":[248.7,394.3,281.4,406.5],\"text\":\"3,754.1\"}],\"order\":34,\"text\":\"3,754.1\"},{\"bbox\":[309.6,391.6,342.3,403.8],\"lines\":[{\"bbox\":[309.6,391.6,342.3,403.8],\"text\":\"3,525.6\"}],\"order\":35,\"text\":\"3,525.6\"},{\"bbox\":[370.6,389.0,403.3,401.2],\"lines\":[{\"bbox\":[370.6,389.0,403.3,401.2],\"text\":\"4,843.4\"}],\"order\":36,\"text\":\"4,843.4\"},{\"bbox\":[443.3,386.3,464.1,398.0],\"lines\":[{\"bbox\":[443.3,386.3,464.1,398.0],\"text\":\"6.5%\"}],\"order\":37,\"text\":\"6.5%\"},{\"bbox\":[504.9,383.3,534.2,395.3],\"lines\":[{\"bbox\":[504.9,383.3,534.2,395.3],\"text\":\"-27.2%\"}],\"order\":38,\"text\":\"-27.2%\"},{\"bbox\":[66.8,414.5,190.5,442.6],\"lines\":[{\"bbox\":[66.8,414.5,190.0,430.6],\"text\":\"INCOME (LOSS) BEFORE TAXES\"},{\"bbox\":[67.3,426.9,180.9,442.6],\"text\":\"Income tax expense (benefit)\"}],\"order\":39,\"text\":\"INCOME (LOSS) BEFORE TAXES\\nIncome tax expense (benefit)\"},{\"bbox\":[249.4,410.5,282.6,434.7],\"lines\":[{\"bbox\":[249.4,410.5,282.1,422.7],\"text\":\"1,028.0\"},{\"bbox\":[258.0,422.5,282.6,434.3],\"text\":\"188.7\"}],\"order\":40,\"text\":\"1,028.0\\n188.7\"},{\"bbox\":[318.4,407.9,343.5,431.7],\"lines\":[{\"bbox\":[318.4,407.9,343.0,419.7],\"text\":\"991.8\"},{\"bbox\":[318.9,419.8,343.5,431.7],\"text\":\"150.9\"}],\"order\":41,\"text\":\"991.8\\n150.9\"},{\"bbox\":[376.4,405.1,407.4,429.2],\"lines\":[{\"bbox\":[376.4,405.1,406.9,417.2],\"text\":\"(281.0)\"},{\"bbox\":[382.3,417.1,407.4,428.9],\"text\":\"(62.3)\"}],\"order\":42,\"text\":\"(281.0)\\n(62.3)\"},{\"bbox\":[438.7,402.6,465.4,426.5],\"lines\":[{\"bbox\":[444.0,402.6,464.8,414.2],\"text\":\"3.7%\"},{\"bbox\":[439.2,414.5,465.4,426.5],\"text\":\"25.0%\"}],\"order\":43,\"text\":\"3.7%\\n25.0%\"},{\"bbox\":[514.1,399.8,528.5,423.2],\"lines\":[{\"bbox\":[514.1,399.8,528.0,411.2],\"text\":\"NM\"},{\"bbox\":[514.6,411.8,528.5,423.2],\"text\":\"NM\"}],\"order\":44,\"text\":\"NM\\nNM\"},{\"bbox\":[319.6,436.1,344.2,447.9],\"lines\":[{\"bbox\":[319.6,436.1,344.2,447.9],\"text\":\"840.8\"}],\"order\":45,\"text\":\"840.8\"},{\"bbox\":[361.8,433.3,408.1,446.1],\"lines\":[{\"bbox\":[361.8,433.3,408.1,446.1],\"text\":\"$ 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(LOSS)\"},{\"bbox\":[239.9,440.2,248.4,451.4],\"lines\":[{\"bbox\":[239.9,440.2,248.4,451.4],\"text\":\"$\"}],\"order\":51,\"text\":\"$\"},{\"bbox\":[258.7,438.7,283.3,450.6],\"lines\":[{\"bbox\":[258.7,438.7,283.3,450.6],\"text\":\"839.3\"}],\"order\":52,\"text\":\"839.3\"},{\"bbox\":[300.8,437.6,309.3,448.7],\"lines\":[{\"bbox\":[300.8,437.6,309.3,448.7],\"text\":\"$\"}],\"order\":53,\"text\":\"$\"},{\"bbox\":[68.9,466.7,100.1,478.8],\"lines\":[{\"bbox\":[68.9,466.7,100.1,478.8],\"text\":\"RATIOS:\"}],\"order\":54,\"text\":\"RATIOS:\"},{\"bbox\":[460.4,448.8,512.2,461.8],\"lines\":[{\"bbox\":[460.4,448.8,512.2,461.8],\"text\":\"Point Change\"}],\"order\":55,\"text\":\"Point Change\"},{\"bbox\":[69.6,478.8,197.6,519.0],\"lines\":[{\"bbox\":[69.6,482.6,107.8,495.1],\"text\":\"Loss ratio\"},{\"bbox\":[70.1,490.8,196.5,507.1],\"text\":\"Commission and brokerage ratio\"},{\"bbox\":[70.7,502.8,197.6,519.0],\"text\":\"Other underwriting expense ratio\"}],\"order\":56,\"text\":\"Loss ratio\\nCommission and brokerage ratio\\nOther underwriting expense ratio\"},{\"bbox\":[265.6,474.6,292.9,510.5],\"lines\":[{\"bbox\":[265.6,474.6,291.8,486.6],\"text\":\"63.7%\"},{\"bbox\":[266.1,486.6,292.3,498.5],\"text\":\"24.1%\"},{\"bbox\":[272.0,498.6,292.9,510.3],\"text\":\"3.8%\"}],\"order\":57,\"text\":\"63.7%\\n24.1%\\n3.8%\"},{\"bbox\":[326.6,472.0,353.8,507.9],\"lines\":[{\"bbox\":[326.6,472.0,352.8,483.9],\"text\":\"63.2%\"},{\"bbox\":[327.1,484.0,353.3,495.9],\"text\":\"22.9%\"},{\"bbox\":[333.0,496.0,353.8,507.6],\"text\":\"3.6%\"}],\"order\":58,\"text\":\"63.2%\\n22.9%\\n3.6%\"},{\"bbox\":[387.5,469.3,414.7,505.2],\"lines\":[{\"bbox\":[387.5,469.3,413.7,481.3],\"text\":\"94.0%\"},{\"bbox\":[388.0,481.3,414.2,493.2],\"text\":\"23.1%\"},{\"bbox\":[393.9,493.3,414.7,505.0],\"text\":\"3.2%\"}],\"order\":59,\"text\":\"94.0%\\n23.1%\\n3.2%\"},{\"bbox\":[446.8,467.3,461.8,502.6],\"lines\":[{\"bbox\":[446.8,467.3,460.7,478.7],\"text\":\"0.5\"},{\"bbox\":[447.3,479.3,461.2,490.7],\"text\":\"1.2\"},{\"bbox\":[447.9,491.3,461.8,502.6],\"text\":\"0.2\"}],\"order\":60,\"text\":\"0.5\\n1.2\\n0.2\"},{\"bbox\":[508.6,464.1,534.8,500.0],\"lines\":[{\"bbox\":[508.6,464.1,533.7,476.0],\"text\":\"(30.8)\"},{\"bbox\":[514.5,476.1,534.2,487.7],\"text\":\"(0.2)\"},{\"bbox\":[517.9,488.2,531.8,499.6],\"text\":\"0.4\"}],\"order\":61,\"text\":\"(30.8)\\n(0.2)\\n0.4\"},{\"bbox\":[71.4,521.9,131.0,535.3],\"lines\":[{\"bbox\":[71.4,521.9,131.0,535.3],\"text\":\"Combined ratio\"}],\"order\":62,\"text\":\"Combined ratio\"},{\"bbox\":[267.4,514.9,293.6,526.8],\"lines\":[{\"bbox\":[267.4,514.9,293.6,526.8],\"text\":\"91.6%\"}],\"order\":63,\"text\":\"91.6%\"},{\"bbox\":[328.3,512.2,354.5,524.1],\"lines\":[{\"bbox\":[328.3,512.2,354.5,524.1],\"text\":\"89.7%\"}],\"order\":64,\"text\":\"89.7%\"},{\"bbox\":[383.9,509.6,415.4,521.7],\"lines\":[{\"bbox\":[383.9,509.6,415.4,521.7],\"text\":\"120.3%\"}],\"order\":65,\"text\":\"120.3%\"},{\"bbox\":[448.6,507.5,462.5,518.9],\"lines\":[{\"bbox\":[448.6,507.5,462.5,518.9],\"text\":\"1.9\"}],\"order\":66,\"text\":\"1.9\"},{\"bbox\":[510.3,504.3,535.5,516.2],\"lines\":[{\"bbox\":[510.3,504.3,535.5,516.2],\"text\":\"(30.6)\"}],\"order\":67,\"text\":\"(30.6)\"},{\"bbox\":[293.5,536.0,360.3,549.7],\"lines\":[{\"bbox\":[293.5,536.0,360.3,549.7],\"text\":\"At December 31,\"}],\"order\":68,\"text\":\"At December 31,\"},{\"bbox\":[73.2,560.5,215.9,575.0],\"lines\":[{\"bbox\":[73.2,560.5,215.9,575.0],\"text\":\"(Dollars in 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share\"},{\"bbox\":[427.9,527.7,551.7,543.8],\"lines\":[{\"bbox\":[427.9,527.7,551.7,543.8],\"text\":\"Percentage Increase/(Decrease)\"}],\"order\":71,\"text\":\"Percentage Increase/(Decrease)\"},{\"bbox\":[255.7,555.9,277.6,567.6],\"lines\":[{\"bbox\":[255.7,555.9,277.6,567.6],\"text\":\"2007\"}],\"order\":72,\"text\":\"2007\"},{\"bbox\":[316.6,553.2,338.6,564.9],\"lines\":[{\"bbox\":[316.6,553.2,338.6,564.9],\"text\":\"2006\"}],\"order\":73,\"text\":\"2006\"},{\"bbox\":[377.6,550.6,399.5,562.3],\"lines\":[{\"bbox\":[377.6,550.6,399.5,562.3],\"text\":\"2005\"}],\"order\":74,\"text\":\"2005\"},{\"bbox\":[432.5,547.1,478.4,559.9],\"lines\":[{\"bbox\":[432.5,547.1,478.4,559.9],\"text\":\"2007/2006\"}],\"order\":75,\"text\":\"2007/2006\"},{\"bbox\":[502.6,544.1,548.5,556.8],\"lines\":[{\"bbox\":[502.6,544.1,548.5,556.8],\"text\":\"2006/2005\"}],\"order\":76,\"text\":\"2006/2005\"},{\"bbox\":[246.2,583.6,290.1,608.3],\"lines\":[{\"bbox\":[246.2,583.6,289.6,596.3],\"text\":\"$14,936.2\"},{\"bbox\":[252.1,595.6,290.1,608.0],\"text\":\"17,999.5\"}],\"order\":77,\"text\":\"$14,936.2\\n17,999.5\"},{\"bbox\":[307.1,581.0,351.1,605.6],\"lines\":[{\"bbox\":[307.1,581.0,350.6,593.6],\"text\":\"$13,957.1\"},{\"bbox\":[313.0,592.9,351.1,605.4],\"text\":\"17,107.6\"}],\"order\":78,\"text\":\"$13,957.1\\n17,107.6\"},{\"bbox\":[368.1,578.3,412.0,603.0],\"lines\":[{\"bbox\":[368.1,578.3,411.5,591.0],\"text\":\"$12,970.8\"},{\"bbox\":[374.0,590.3,412.0,602.7],\"text\":\"16,474.5\"}],\"order\":79,\"text\":\"$12,970.8\\n16,474.5\"},{\"bbox\":[451.6,575.7,472.9,599.3],\"lines\":[{\"bbox\":[451.6,575.7,472.4,587.3],\"text\":\"7.0%\"},{\"bbox\":[452.1,587.7,472.9,599.3],\"text\":\"5.2%\"}],\"order\":80,\"text\":\"7.0%\\n5.2%\"},{\"bbox\":[521.6,572.6,543.0,596.3],\"lines\":[{\"bbox\":[521.6,572.6,542.4,584.3],\"text\":\"7.6%\"},{\"bbox\":[522.1,584.6,543.0,596.3],\"text\":\"3.8%\"}],\"order\":81,\"text\":\"7.6%\\n3.8%\"},{\"bbox\":[253.1,619.6,293.3,679.9],\"lines\":[{\"bbox\":[258.5,619.6,291.2,631.8],\"text\":\"9,040.6\"},{\"bbox\":[259.0,631.6,291.7,643.7],\"text\":\"1,178.9\"},{\"bbox\":[254.2,643.5,292.2,656.0],\"text\":\"12,314.7\"},{\"bbox\":[260.0,655.5,292.7,667.7],\"text\":\"5,684.8\"},{\"bbox\":[268.6,667.5,293.3,679.3],\"text\":\"90.43\"}],\"order\":82,\"text\":\"9,040.6\\n1,178.9\\n12,314.7\\n5,684.8\\n90.43\"},{\"bbox\":[314.1,616.9,354.2,677.3],\"lines\":[{\"bbox\":[319.4,616.9,352.1,629.1],\"text\":\"8,840.1\"},{\"bbox\":[328.0,628.9,352.6,640.7],\"text\":\"995.6\"},{\"bbox\":[315.1,640.9,353.2,653.3],\"text\":\"11,999.9\"},{\"bbox\":[321.0,652.9,353.7,665.1],\"text\":\"5,107.7\"},{\"bbox\":[329.6,664.9,354.2,676.7],\"text\":\"78.53\"}],\"order\":83,\"text\":\"8,840.1\\n995.6\\n11,999.9\\n5,107.7\\n78.53\"},{\"bbox\":[375.0,614.3,415.1,674.6],\"lines\":[{\"bbox\":[380.4,614.3,413.1,626.5],\"text\":\"9,126.7\"},{\"bbox\":[389.0,626.3,413.6,638.1],\"text\":\"995.5\"},{\"bbox\":[376.0,638.2,414.1,650.7],\"text\":\"12,334.8\"},{\"bbox\":[381.9,650.2,414.6,662.4],\"text\":\"4,139.7\"},{\"bbox\":[390.5,662.2,415.1,674.1],\"text\":\"64.04\"}],\"order\":84,\"text\":\"9,126.7\\n995.5\\n12,334.8\\n4,139.7\\n64.04\"},{\"bbox\":[447.7,611.6,475.5,659.5],\"lines\":[{\"bbox\":[453.1,611.6,473.9,623.3],\"text\":\"2.3%\"},{\"bbox\":[448.3,623.6,474.5,635.5],\"text\":\"18.4%\"},{\"bbox\":[454.2,635.6,475.0,647.3],\"text\":\"2.6%\"},{\"bbox\":[449.3,647.6,475.5,659.5],\"text\":\"11.3%\"}],\"order\":85,\"text\":\"2.3%\\n18.4%\\n2.6%\\n11.3%\"},{\"bbox\":[517.8,608.6,545.6,656.4],\"lines\":[{\"bbox\":[520.1,608.6,544.0,620.4],\"text\":\"-3.1%\"},{\"bbox\":[523.7,620.6,544.5,632.2],\"text\":\"0.0%\"},{\"bbox\":[521.1,632.5,545.1,644.4],\"text\":\"-2.7%\"},{\"bbox\":[519.4,644.5,545.6,656.4],\"text\":\"23.4%\"}],\"order\":86,\"text\":\"-3.1%\\n0.0%\\n-2.7%\\n23.4%\"},{\"bbox\":[78.7,690.3,148.8,702.3],\"lines\":[{\"bbox\":[78.7,690.3,148.8,702.3],\"text\":\"(NM, not meaningful)\"}],\"order\":87,\"text\":\"(NM, not meaningful)\"},{\"bbox\":[79.2,698.8,239.6,714.2],\"lines\":[{\"bbox\":[79.2,698.8,239.6,714.2],\"text\":\"(Some amounts may not reconcile due to rounding.)\"}],\"order\":88,\"text\":\"(Some amounts may not reconcile due to rounding.)\"},{\"bbox\":[318.2,766.5,326.3,774.1],\"lines\":[{\"bbox\":[318.2,766.5,326.3,774.1],\"text\":\"41\"}],\"order\":89,\"text\":\"41\"}],\"doc\":\"fintabnet:RE_2007\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Overall, we believe that current marketplace conditions offer solid opportunities for us given our strong ratings, distribution\\nsystem, reputation and expertise. We continue to employ our strategy of targeting business that offers the greatest profit\\npotential, while maintaining balance and diversification in our overall portfolio.\\n\\nFinancial Summary.\\nWe monitor and evaluate our overall performance based upon financial results. The following table displays a summary of\\nthe consolidated net income (loss), ratios and shareholders’ equity for the periods indicated:\\n\\nYears Ended December 31,\\n\\nPercentage Increase/(Decrease)\\n\\n2007\\n\\n2006\\n\\n2005\\n\\n2007/2006\\n\\n2006/2005\\n\\nGross written premiums\\nNet written premiums\\n\\n$ 4,077.6\\n3,919.4\\n\\n$ 4,000.9\\n3,875.7\\n\\n$ 4,108.6\\n3,972.0\\n\\n1.9%\\n1.1%\\n\\n-2.6%\\n-2.4%\\n\\nREVENUES:\\nPremiums earned\\nNet investment income\\nNet realized capital gains\\nNet derivative expense\\nOther income (expense)\\n\\n$ 3,997.5\\n682.4\\n86.3\\n(2.1)\\n18.0\\n\\n$ 3,853.2\\n629.4\\n35.1\\n(0.4)\\n0.1\\n\\n$ 3,963.1\\n522.8\\n90.3\\n(2.6)\\n(11.1)\\n\\n3.7%\\n8.4%\\n146.1%\\nNM\\nNM\\n\\n-2.8%\\n20.4%\\n-61.2%\\n84.4%\\nNM\\n\\nTotal revenues\\n\\n4,782.0\\n\\n4,517.3\\n\\n4,562.5\\n\\n5.9%\\n\\n-1.0%\\n\\nCLAIMS AND EXPENSES:\\nIncurred losses and loss\\nadjustment expenses\\nCommission, brokerage, taxes and fees\\nOther underwriting expenses\\nInterest expense\\n\\n2,548.1\\n961.8\\n152.6\\n91.6\\n\\n2,434.4\\n883.3\\n138.0\\n69.9\\n\\n3,724.3\\n914.8\\n129.8\\n74.4\\n\\n4.7%\\n8.9%\\n10.6%\\n31.0%\\n\\n-34.6%\\n-3.5%\\n6.3%\\n-6.1%\\n\\nTotal claims and expenses\\n\\n3,754.1\\n\\n3,525.6\\n\\n4,843.4\\n\\n6.5%\\n\\n-27.2%\\n\\nINCOME (LOSS) BEFORE TAXES\\nIncome tax expense (benefit)\\n\\n1,028.0\\n188.7\\n\\n991.8\\n150.9\\n\\n(281.0)\\n(62.3)\\n\\n3.7%\\n25.0%\\n\\nNM\\nNM\\n\\n840.8\\n\\n$ (218.7)\\n\\n-0.2%\\n\\nNM\\n\\n(Dollars in millions)\\n\\nNET INCOME (LOSS)\\n\\n$\\n\\n839.3\\n\\n$\\n\\nRATIOS:\\n\\nPoint Change\\n\\nLoss ratio\\nCommission and brokerage ratio\\nOther underwriting expense ratio\\n\\n63.7%\\n24.1%\\n3.8%\\n\\n63.2%\\n22.9%\\n3.6%\\n\\n94.0%\\n23.1%\\n3.2%\\n\\n0.5\\n1.2\\n0.2\\n\\n(30.8)\\n(0.2)\\n0.4\\n\\nCombined ratio\\n\\n91.6%\\n\\n89.7%\\n\\n120.3%\\n\\n1.9\\n\\n(30.6)\\n\\nAt December 31,\\n\\n(Dollars in millions, except per share amounts)\\n\\nBalance sheet data:\\nTotal investments and cash\\nTotal assets\\n Loss and loss adjustment\\nexpense reserves\\nTotal debt\\nTotal liabilities\\nShareholders’ equity\\nBook value per share\\n\\nPercentage Increase/(Decrease)\\n\\n2007\\n\\n2006\\n\\n2005\\n\\n2007/2006\\n\\n2006/2005\\n\\n$14,936.2\\n17,999.5\\n\\n$13,957.1\\n17,107.6\\n\\n$12,970.8\\n16,474.5\\n\\n7.0%\\n5.2%\\n\\n7.6%\\n3.8%\\n\\n9,040.6\\n1,178.9\\n12,314.7\\n5,684.8\\n90.43\\n\\n8,840.1\\n995.6\\n11,999.9\\n5,107.7\\n78.53\\n\\n9,126.7\\n995.5\\n12,334.8\\n4,139.7\\n64.04\\n\\n2.3%\\n18.4%\\n2.6%\\n11.3%\\n\\n-3.1%\\n0.0%\\n-2.7%\\n23.4%\\n\\n(NM, not meaningful)\\n\\n(Some amounts may not reconcile due to rounding.)\\n\\n41\",\"name\":\"fintabnet.RE_2007_page_55__72dpi_heavy\",\"page_id\":\"fintabnet.RE_2007_page_55\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.489,\"source\":\"fintabnet\",\"source_id\":\"RE_2007_page_55\",\"stack\":[{\"deg\":2.489,\"op\":\"skew\"},{\"amp\":0.338,\"angle\":253.9,\"blob\":0.298,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":5.884,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":17.424},{\"gain\":0.625,\"op\":\"contrast\"},{\"offset\":-0.02,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[56.0,150.0,557.3,687.6],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86],\"cells\":null}],\"text\":\"Overall, we believe that current marketplace conditions offer solid opportunities for us given our strong ratings, distribution\\nsystem, reputation and expertise. We continue to employ our strategy of targeting business that offers the greatest profit\\npotential, while maintaining balance and diversification in our overall portfolio.\\n\\nFinancial Summary.\\nWe monitor and evaluate our overall performance based upon financial results. The following table displays a summary of\\nthe consolidated net income (loss), ratios and shareholders’ equity for the periods indicated:\\n\\nYears Ended December 31,\\n\\nPercentage Increase/(Decrease)\\n\\n2007\\n\\n2006\\n\\n2005\\n\\n2007/2006\\n\\n2006/2005\\n\\nGross written premiums\\nNet written premiums\\n\\n$ 4,077.6\\n3,919.4\\n\\n$ 4,000.9\\n3,875.7\\n\\n$ 4,108.6\\n3,972.0\\n\\n1.9%\\n1.1%\\n\\n-2.6%\\n-2.4%\\n\\nREVENUES:\\nPremiums earned\\nNet investment income\\nNet realized capital gains\\nNet derivative expense\\nOther income (expense)\\n\\n$ 3,997.5\\n682.4\\n86.3\\n(2.1)\\n18.0\\n\\n$ 3,853.2\\n629.4\\n35.1\\n(0.4)\\n0.1\\n\\n$ 3,963.1\\n522.8\\n90.3\\n(2.6)\\n(11.1)\\n\\n3.7%\\n8.4%\\n146.1%\\nNM\\nNM\\n\\n-2.8%\\n20.4%\\n-61.2%\\n84.4%\\nNM\\n\\nTotal revenues\\n\\n4,782.0\\n\\n4,517.3\\n\\n4,562.5\\n\\n5.9%\\n\\n-1.0%\\n\\nCLAIMS AND EXPENSES:\\nIncurred losses and loss\\nadjustment expenses\\nCommission, brokerage, taxes and fees\\nOther underwriting expenses\\nInterest expense\\n\\n2,548.1\\n961.8\\n152.6\\n91.6\\n\\n2,434.4\\n883.3\\n138.0\\n69.9\\n\\n3,724.3\\n914.8\\n129.8\\n74.4\\n\\n4.7%\\n8.9%\\n10.6%\\n31.0%\\n\\n-34.6%\\n-3.5%\\n6.3%\\n-6.1%\\n\\nTotal claims and expenses\\n\\n3,754.1\\n\\n3,525.6\\n\\n4,843.4\\n\\n6.5%\\n\\n-27.2%\\n\\nINCOME (LOSS) BEFORE TAXES\\nIncome tax expense (benefit)\\n\\n1,028.0\\n188.7\\n\\n991.8\\n150.9\\n\\n(281.0)\\n(62.3)\\n\\n3.7%\\n25.0%\\n\\nNM\\nNM\\n\\n840.8\\n\\n$ (218.7)\\n\\n-0.2%\\n\\nNM\\n\\n(Dollars in millions)\\n\\nNET INCOME (LOSS)\\n\\n$\\n\\n839.3\\n\\n$\\n\\nRATIOS:\\n\\nPoint Change\\n\\nLoss ratio\\nCommission and brokerage ratio\\nOther underwriting expense ratio\\n\\n63.7%\\n24.1%\\n3.8%\\n\\n63.2%\\n22.9%\\n3.6%\\n\\n94.0%\\n23.1%\\n3.2%\\n\\n0.5\\n1.2\\n0.2\\n\\n(30.8)\\n(0.2)\\n0.4\\n\\nCombined ratio\\n\\n91.6%\\n\\n89.7%\\n\\n120.3%\\n\\n1.9\\n\\n(30.6)\\n\\nAt December 31,\\n\\n(Dollars in millions, except per share amounts)\\n\\nBalance sheet data:\\nTotal investments and cash\\nTotal assets\\n Loss and loss adjustment\\nexpense reserves\\nTotal debt\\nTotal liabilities\\nShareholders’ equity\\nBook value per share\\n\\nPercentage Increase/(Decrease)\\n\\n2007\\n\\n2006\\n\\n2005\\n\\n2007/2006\\n\\n2006/2005\\n\\n$14,936.2\\n17,999.5\\n\\n$13,957.1\\n17,107.6\\n\\n$12,970.8\\n16,474.5\\n\\n7.0%\\n5.2%\\n\\n7.6%\\n3.8%\\n\\n9,040.6\\n1,178.9\\n12,314.7\\n5,684.8\\n90.43\\n\\n8,840.1\\n995.6\\n11,999.9\\n5,107.7\\n78.53\\n\\n9,126.7\\n995.5\\n12,334.8\\n4,139.7\\n64.04\\n\\n2.3%\\n18.4%\\n2.6%\\n11.3%\\n\\n-3.1%\\n0.0%\\n-2.7%\\n23.4%\\n\\n(NM, not meaningful)\\n\\n(Some amounts may not reconcile due to rounding.)\\n\\n41\"},\"name\":\"fintabnet.RE_2007_page_55__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":73383,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:RE_2007\",\"dpi\":72,\"gt_sha256\":\"6c143f05c62f4304b2d5ffae859db592b68034bd665027266aedd676ca443fd3\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.RE_2007_page_55__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.RE_2007_page_55\",\"pdf_sha256\":\"4172122d831b3079a27abeabe867f14565c1a484073a6072b29dc6a151759afc\",\"px\":[612,792],\"scan\":{\"render\":\"fffffffffffffffefffcf3f4f2e030b430a00004003400a00000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"RE_2007_page_55\",\"src\":{\"file_sha256\":\"026a5677f60c1819c9d65cf052b44f5abeb23290a949ffb51f5340edce937e12\",\"render\":\"00003ffc3fe023fc32a433b432a03bb43bf421bc23fc3bfc32a432a000000000\",\"text\":\"0379e905a298e65fd0662d95d2fd00da54209c18e8be11ab4b142b7c9ba552ef\"},\"stack\":[{\"deg\":2.489,\"op\":\"skew\"},{\"amp\":0.338,\"angle\":253.9,\"blob\":0.298,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":5.884,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":17.424},{\"gain\":0.625,\"op\":\"contrast\"},{\"offset\":-0.02,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"4172122d831b3079a27abeabe867f14565c1a484073a6072b29dc6a151759afc\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/4172122d831b3079a27abeabe867f14565c1a484073a6072b29dc6a151759afc.pdf","asset_sha256":"4172122d831b3079a27abeabe867f14565c1a484073a6072b29dc6a151759afc","document_id":"fintabnet:RE_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RE_2007_page_55\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RE_2008_page_115\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RE_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[111.6,99.5,250.6,125.4],\"lines\":[{\"bbox\":[111.7,99.5,216.6,111.2],\"text\":\"EVEREST RE GROUP, LTD.\"},{\"bbox\":[111.6,113.5,250.5,125.4],\"text\":\"CONSOLIDATED BALANCE SHEETS\"}],\"order\":0,\"text\":\"EVEREST RE GROUP, LTD.\\nCONSOLIDATED BALANCE SHEETS\"},{\"bbox\":[630.0,145.6,687.9,156.9],\"lines\":[{\"bbox\":[630.0,145.6,687.9,156.9],\"text\":\"December 31,\"}],\"order\":1,\"text\":\"December 31,\"},{\"bbox\":[602.3,159.4,624.9,170.4],\"lines\":[{\"bbox\":[602.3,159.4,624.9,170.4],\"text\":\"2008\"}],\"order\":2,\"text\":\"2008\"},{\"bbox\":[111.0,157.2,271.8,167.2],\"lines\":[{\"bbox\":[111.0,157.2,271.8,167.2],\"text\":\"(Dollars in thousands, except par value per share)\"}],\"order\":3,\"text\":\"(Dollars in thousands, except par value per share)\"},{\"bbox\":[109.0,183.1,482.5,462.9],\"lines\":[{\"bbox\":[111.1,183.1,144.9,194.3],\"text\":\"ASSETS:\"},{\"bbox\":[110.9,197.1,319.8,209.7],\"text\":\"Fixed maturities - available for sale, at market value\"},{\"bbox\":[118.1,211.2,358.2,224.0],\"text\":\"(amortized cost: 2008, $10,932,076; 2007, $10,116,353)\"},{\"bbox\":[110.7,225.1,304.1,237.5],\"text\":\"Fixed maturities - available for sale, at fair value\"},{\"bbox\":[110.6,239.1,482.1,252.9],\"text\":\"Equity securities - available for sale, at market value (cost: 2008, $14,915; 2007, $14,481)\"},{\"bbox\":[110.5,253.1,305.4,265.5],\"text\":\"Equity securities - available for sale, at fair value\"},{\"bbox\":[110.4,267.1,205.4,278.7],\"text\":\"Short-term investments\"},{\"bbox\":[110.3,281.1,370.5,294.1],\"text\":\"Other invested assets (cost: 2008, $687,265; 2007, $661,795)\"},{\"bbox\":[110.2,295.1,130.5,306.2],\"text\":\"Cash\"},{\"bbox\":[124.6,309.3,235.8,321.0],\"text\":\"Total investments and cash\"},{\"bbox\":[110.0,323.1,222.1,334.9],\"text\":\"Accrued investment income\"},{\"bbox\":[109.8,337.1,194.8,348.7],\"text\":\"Premiums receivable\"},{\"bbox\":[109.7,351.1,209.0,362.8],\"text\":\"Reinsurance receivables\"},{\"bbox\":[109.6,365.1,211.4,376.8],\"text\":\"Funds held by reinsureds\"},{\"bbox\":[109.5,379.1,215.2,390.8],\"text\":\"Deferred acquisition costs\"},{\"bbox\":[109.4,393.1,234.1,405.0],\"text\":\"Prepaid reinsurance premiums\"},{\"bbox\":[109.3,407.1,183.7,418.6],\"text\":\"Deferred tax asset\"},{\"bbox\":[109.2,421.1,245.5,433.1],\"text\":\"Federal income taxes recoverable\"},{\"bbox\":[109.1,435.1,160.2,446.4],\"text\":\"Other assets\"},{\"bbox\":[109.0,449.1,168.0,460.5],\"text\":\"TOTAL ASSETS\"}],\"order\":4,\"text\":\"ASSETS:\\nFixed maturities - available for sale, at market value\\n(amortized cost: 2008, $10,932,076; 2007, $10,116,353)\\nFixed maturities - available for sale, at fair value\\nEquity securities - available for sale, at market value (cost: 2008, $14,915; 2007, $14,481)\\nEquity securities - available for sale, at fair value\\nShort-term investments\\nOther invested assets (cost: 2008, $687,265; 2007, $661,795)\\nCash\\nTotal investments and cash\\nAccrued investment income\\nPremiums receivable\\nReinsurance receivables\\nFunds held by reinsureds\\nDeferred acquisition costs\\nPrepaid reinsurance premiums\\nDeferred tax asset\\nFederal income taxes recoverable\\nOther assets\\nTOTAL ASSETS\"},{\"bbox\":[107.2,476.8,308.2,685.2],\"lines\":[{\"bbox\":[108.7,476.8,156.5,488.0],\"text\":\"LIABILITIES:\"},{\"bbox\":[108.6,490.8,308.1,503.2],\"text\":\"Reserve for losses and loss adjustment expenses\"},{\"bbox\":[108.5,504.8,223.5,516.6],\"text\":\"Future policy benefit reserve\"},{\"bbox\":[108.4,518.8,219.2,530.5],\"text\":\"Unearned premium reserve\"},{\"bbox\":[108.3,532.8,262.9,544.9],\"text\":\"Funds held under reinsurance treaties\"},{\"bbox\":[108.2,546.8,239.0,558.7],\"text\":\"Losses in the course of payment\"},{\"bbox\":[108.1,560.8,194.7,572.3],\"text\":\"Commission reserves\"},{\"bbox\":[108.0,574.8,233.6,586.7],\"text\":\"Other net payable to reinsurers\"},{\"bbox\":[107.8,588.8,255.6,600.8],\"text\":\"8.75% Senior notes due 3/15/2010\"},{\"bbox\":[107.7,602.8,255.5,614.8],\"text\":\"5.4% Senior notes due 10/15/2014\"},{\"bbox\":[107.6,616.8,259.0,628.9],\"text\":\"6.6% Long term notes due 5/1/2067\"},{\"bbox\":[107.5,630.8,284.0,643.0],\"text\":\"Junior subordinated debt securities payable\"},{\"bbox\":[107.4,644.8,271.1,656.9],\"text\":\"Accrued interest on debt and borrowings\"},{\"bbox\":[107.3,658.8,167.9,670.1],\"text\":\"Other liabilities\"},{\"bbox\":[121.7,672.9,179.8,684.2],\"text\":\"Total liabilities\"}],\"order\":5,\"text\":\"LIABILITIES:\\nReserve for losses and loss adjustment expenses\\nFuture policy benefit reserve\\nUnearned premium reserve\\nFunds held under reinsurance treaties\\nLosses in the course of payment\\nCommission reserves\\nOther net payable to reinsurers\\n8.75% Senior notes due 3/15/2010\\n5.4% Senior notes due 10/15/2014\\n6.6% Long term notes due 5/1/2067\\nJunior subordinated debt securities payable\\nAccrued interest on debt and borrowings\\nOther liabilities\\nTotal 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[702.1,551.5,732.6,562.6],\"text\":\"63,366\"},{\"bbox\":[702.0,565.5,732.5,576.6],\"text\":\"48,753\"},{\"bbox\":[701.9,579.5,732.4,590.6],\"text\":\"68,494\"},{\"bbox\":[696.2,593.5,732.3,604.6],\"text\":\"199,685\"},{\"bbox\":[696.1,607.5,732.2,618.6],\"text\":\"249,689\"},{\"bbox\":[695.9,621.5,732.1,632.6],\"text\":\"399,639\"},{\"bbox\":[695.8,635.5,732.0,646.6],\"text\":\"329,897\"},{\"bbox\":[701.3,649.5,731.9,660.6],\"text\":\"11,217\"},{\"bbox\":[695.6,663.5,731.8,674.6],\"text\":\"182,250\"},{\"bbox\":[681.9,677.3,731.7,688.6],\"text\":\"12,314,712\"}],\"order\":18,\"text\":\"9,040,606\\n78,417\\n1,567,098\\n75,601\\n63,366\\n48,753\\n68,494\\n199,685\\n249,689\\n399,639\\n329,897\\n11,217\\n182,250\\n12,314,712\"},{\"bbox\":[106.8,694.1,245.8,703.9],\"lines\":[{\"bbox\":[106.8,694.1,245.8,703.9],\"text\":\"Commitments 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2007\"},{\"bbox\":[106.0,825.5,433.4,839.0],\"text\":\"Treasury shares, at cost; (2008) 4.2 million shares and (2007) 2.5 million shares\"},{\"bbox\":[105.9,839.5,179.7,851.0],\"text\":\"Retained earnings\"},{\"bbox\":[120.2,853.7,224.1,865.3],\"text\":\"Total shareholders' equity\"},{\"bbox\":[105.6,867.5,301.7,879.9],\"text\":\"TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY\"}],\"order\":20,\"text\":\"SHAREHOLDERS' EQUITY:\\nPreferred shares, par value: $0.01; 50 million shares authorized;\\nno shares issued and outstanding\\nCommon shares, par value: $0.01; 200 million shares authorized; (2008) 65.6 million and\\n(2007) 65.4 million issued\\nAdditional paid-in capital\\nAccumulated other comprehensive (loss) income, net of deferred income tax benefit of\\n$16.5 million at 2008 and expense of $87.2 million at 2007\\nTreasury shares, at cost; (2008) 4.2 million shares and (2007) 2.5 million shares\\nRetained earnings\\nTotal shareholders' equity\\nTOTAL LIABILITIES AND SHAREHOLDERS' EQUITY\"},{\"bbox\":[105.2,893.0,383.4,903.9],\"lines\":[{\"bbox\":[105.2,893.0,383.4,903.9],\"text\":\"The accompanying notes are an integral part of the consolidated financial statements.\"}],\"order\":21,\"text\":\"The accompanying notes are an integral part of the consolidated financial statements.\"},{\"bbox\":[415.2,965.4,428.2,976.4],\"lines\":[{\"bbox\":[415.2,965.4,428.2,976.4],\"text\":\"F-4\"}],\"order\":22,\"text\":\"F-4\"},{\"bbox\":[575.7,871.3,581.4,882.2],\"lines\":[{\"bbox\":[575.7,871.3,581.4,882.2],\"text\":\"$\"}],\"order\":23,\"text\":\"$\"},{\"bbox\":[640.6,745.8,643.1,756.6],\"lines\":[{\"bbox\":[640.6,745.8,643.1,756.6],\"text\":\"-\"}],\"order\":24,\"text\":\"-\"},{\"bbox\":[728.4,746.5,730.9,757.3],\"lines\":[{\"bbox\":[728.4,746.5,730.9,757.3],\"text\":\"-\"}],\"order\":25,\"text\":\"-\"},{\"bbox\":[598.8,773.4,643.1,798.6],\"lines\":[{\"bbox\":[626.1,773.7,643.0,784.6],\"text\":\"656\"},{\"bbox\":[598.8,787.4,643.0,798.6],\"text\":\"1,824,552\"}],\"order\":26,\"text\":\"656\\n1,824,552\"},{\"bbox\":[686.6,774.1,730.9,799.3],\"lines\":[{\"bbox\":[713.9,774.4,730.8,785.3],\"text\":\"654\"},{\"bbox\":[686.6,788.1,730.8,799.3],\"text\":\"1,805,844\"}],\"order\":27,\"text\":\"654\\n1,805,844\"},{\"bbox\":[592.6,815.4,645.5,882.7],\"lines\":[{\"bbox\":[603.7,815.5,645.5,826.7],\"text\":\"(291,851)\"},{\"bbox\":[603.6,829.5,645.4,840.7],\"text\":\"(392,329)\"},{\"bbox\":[598.3,843.4,642.5,854.6],\"text\":\"3,819,327\"},{\"bbox\":[598.2,857.4,642.4,868.6],\"text\":\"4,960,355\"},{\"bbox\":[592.6,871.4,642.4,882.6],\"text\":\"16,846,590\"}],\"order\":28,\"text\":\"(291,851)\\n(392,329)\\n3,819,327\\n4,960,355\\n16,846,590\"},{\"bbox\":[680.4,816.1,733.4,883.4],\"lines\":[{\"bbox\":[694.4,816.2,730.6,827.3],\"text\":\"163,155\"},{\"bbox\":[691.5,830.2,733.2,841.4],\"text\":\"(241,584)\"},{\"bbox\":[686.2,844.1,730.4,855.3],\"text\":\"3,956,701\"},{\"bbox\":[686.1,858.1,730.3,869.3],\"text\":\"5,684,770\"},{\"bbox\":[680.4,872.1,730.2,883.3],\"text\":\"17,999,482\"}],\"order\":29,\"text\":\"163,155\\n(241,584)\\n3,956,701\\n5,684,770\\n17,999,482\"},{\"bbox\":[663.5,872.0,669.2,882.9],\"lines\":[{\"bbox\":[663.5,872.0,669.2,882.9],\"text\":\"$\"}],\"order\":30,\"text\":\"$\"}],\"doc\":\"fintabnet:RE_2008\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"EVEREST RE GROUP, LTD.\\nCONSOLIDATED BALANCE SHEETS\\n\\nDecember 31,\\n\\n2008\\n\\n(Dollars in thousands, except par value per share)\\n\\nASSETS:\\nFixed maturities - available for sale, at market value\\n(amortized cost: 2008, $10,932,076; 2007, $10,116,353)\\nFixed maturities - available for sale, at fair value\\nEquity securities - available for sale, at market value (cost: 2008, $14,915; 2007, $14,481)\\nEquity securities - available for sale, at fair value\\nShort-term investments\\nOther invested assets (cost: 2008, $687,265; 2007, $661,795)\\nCash\\nTotal investments and cash\\nAccrued investment income\\nPremiums receivable\\nReinsurance receivables\\nFunds held by reinsureds\\nDeferred acquisition costs\\nPrepaid reinsurance premiums\\nDeferred tax asset\\nFederal income taxes recoverable\\nOther assets\\nTOTAL ASSETS\\n\\nLIABILITIES:\\nReserve for losses and loss adjustment expenses\\nFuture policy benefit reserve\\nUnearned premium reserve\\nFunds held under reinsurance treaties\\nLosses in the course of payment\\nCommission reserves\\nOther net payable to reinsurers\\n8.75% Senior notes due 3/15/2010\\n5.4% Senior notes due 10/15/2014\\n6.6% Long term notes due 5/1/2067\\nJunior subordinated debt securities payable\\nAccrued interest on debt and borrowings\\nOther liabilities\\nTotal liabilities\\n\\n2007\\n\\n$\\n\\n10,759,612\\n\\n$\\n\\n43,090\\n16,900\\n119,829\\n1,889,799\\n679,356\\n205,694\\n13,714,280\\n149,215\\n908,110\\n657,169\\n331,817\\n354,992\\n79,379\\n442,367\\n32,295\\n176,966\\n16,846,590\\n\\n$\\n\\n8,840,660\\n66,172\\n1,335,511\\n83,431\\n45,654\\n52,460\\n51,138\\n199,821\\n249,728\\n399,643\\n329,897\\n11,217\\n220,903\\n11,886,235\\n\\n$\\n\\n10,245,585\\n\\n$\\n\\n-\\n14,797\\n1,535,263\\n2,225,708\\n664,252\\n250,567\\n14,936,172\\n145,056\\n989,921\\n666,164\\n342,615\\n399,563\\n88,239\\n227,825\\n47,368\\n156,559\\n17,999,482\\n\\n$\\n\\n9,040,606\\n78,417\\n1,567,098\\n75,601\\n63,366\\n48,753\\n68,494\\n199,685\\n249,689\\n399,639\\n329,897\\n11,217\\n182,250\\n12,314,712\\n\\nCommitments and contingencies (Note 17)\\n\\nSHAREHOLDERS' EQUITY:\\nPreferred shares, par value: $0.01; 50 million shares authorized;\\nno shares issued and outstanding\\nCommon shares, par value: $0.01; 200 million shares authorized; (2008) 65.6 million and\\n(2007) 65.4 million issued\\nAdditional paid-in capital\\nAccumulated other comprehensive (loss) income, net of deferred income tax benefit of\\n$16.5 million at 2008 and expense of $87.2 million at 2007\\nTreasury shares, at cost; (2008) 4.2 million shares and (2007) 2.5 million shares\\nRetained earnings\\nTotal shareholders' equity\\nTOTAL LIABILITIES AND SHAREHOLDERS' EQUITY\\n\\nThe accompanying notes are an integral part of the consolidated financial statements.\\n\\nF-4\\n\\n$\\n\\n-\\n\\n-\\n\\n656\\n1,824,552\\n\\n654\\n1,805,844\\n\\n(291,851)\\n(392,329)\\n3,819,327\\n4,960,355\\n16,846,590\\n\\n163,155\\n(241,584)\\n3,956,701\\n5,684,770\\n17,999,482\\n\\n$\",\"name\":\"fintabnet.RE_2008_page_115__100dpi_mild\",\"page_id\":\"fintabnet.RE_2008_page_115\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.454,\"source\":\"fintabnet\",\"source_id\":\"RE_2008_page_115\",\"stack\":[{\"deg\":-0.454,\"op\":\"skew\"},{\"amp\":0.069,\"angle\":86.9,\"blob\":0.605,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":3.736},{\"op\":\"jpeg\",\"q\":77}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[105.4,141.5,738.7,883.4],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,23,24,25,26,27,28,29,30],\"cells\":null}],\"text\":\"EVEREST RE GROUP, LTD.\\nCONSOLIDATED BALANCE SHEETS\\n\\nDecember 31,\\n\\n2008\\n\\n(Dollars in thousands, except par value per share)\\n\\nASSETS:\\nFixed maturities - available for sale, at market value\\n(amortized cost: 2008, $10,932,076; 2007, $10,116,353)\\nFixed maturities - available for sale, at fair value\\nEquity securities - available for sale, at market value (cost: 2008, $14,915; 2007, $14,481)\\nEquity securities - available for sale, at fair value\\nShort-term investments\\nOther invested assets (cost: 2008, $687,265; 2007, $661,795)\\nCash\\nTotal investments and cash\\nAccrued investment income\\nPremiums receivable\\nReinsurance receivables\\nFunds held by reinsureds\\nDeferred acquisition costs\\nPrepaid reinsurance premiums\\nDeferred tax asset\\nFederal income taxes recoverable\\nOther assets\\nTOTAL ASSETS\\n\\nLIABILITIES:\\nReserve for losses and loss adjustment expenses\\nFuture policy benefit reserve\\nUnearned premium reserve\\nFunds held under reinsurance treaties\\nLosses in the course of payment\\nCommission reserves\\nOther net payable to reinsurers\\n8.75% Senior notes due 3/15/2010\\n5.4% Senior notes due 10/15/2014\\n6.6% Long term notes due 5/1/2067\\nJunior subordinated debt securities payable\\nAccrued interest on debt and borrowings\\nOther liabilities\\nTotal liabilities\\n\\n2007\\n\\n$\\n\\n10,759,612\\n\\n$\\n\\n43,090\\n16,900\\n119,829\\n1,889,799\\n679,356\\n205,694\\n13,714,280\\n149,215\\n908,110\\n657,169\\n331,817\\n354,992\\n79,379\\n442,367\\n32,295\\n176,966\\n16,846,590\\n\\n$\\n\\n8,840,660\\n66,172\\n1,335,511\\n83,431\\n45,654\\n52,460\\n51,138\\n199,821\\n249,728\\n399,643\\n329,897\\n11,217\\n220,903\\n11,886,235\\n\\n$\\n\\n10,245,585\\n\\n$\\n\\n-\\n14,797\\n1,535,263\\n2,225,708\\n664,252\\n250,567\\n14,936,172\\n145,056\\n989,921\\n666,164\\n342,615\\n399,563\\n88,239\\n227,825\\n47,368\\n156,559\\n17,999,482\\n\\n$\\n\\n9,040,606\\n78,417\\n1,567,098\\n75,601\\n63,366\\n48,753\\n68,494\\n199,685\\n249,689\\n399,639\\n329,897\\n11,217\\n182,250\\n12,314,712\\n\\nCommitments and contingencies (Note 17)\\n\\nSHAREHOLDERS' EQUITY:\\nPreferred shares, par value: $0.01; 50 million shares authorized;\\nno shares issued and outstanding\\nCommon shares, par value: $0.01; 200 million shares authorized; (2008) 65.6 million and\\n(2007) 65.4 million issued\\nAdditional paid-in capital\\nAccumulated other comprehensive (loss) income, net of deferred income tax benefit of\\n$16.5 million at 2008 and expense of $87.2 million at 2007\\nTreasury shares, at cost; (2008) 4.2 million shares and (2007) 2.5 million shares\\nRetained earnings\\nTotal shareholders' equity\\nTOTAL LIABILITIES AND SHAREHOLDERS' EQUITY\\n\\nThe accompanying notes are an integral part of the consolidated financial statements.\\n\\nF-4\\n\\n$\\n\\n-\\n\\n-\\n\\n656\\n1,824,552\\n\\n654\\n1,805,844\\n\\n(291,851)\\n(392,329)\\n3,819,327\\n4,960,355\\n16,846,590\\n\\n163,155\\n(241,584)\\n3,956,701\\n5,684,770\\n17,999,482\\n\\n$\"},\"name\":\"fintabnet.RE_2008_page_115__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":129285,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:RE_2008\",\"dpi\":100,\"gt_sha256\":\"7b82af3e8fec590086538dd984ca2cb50ed0fc2d4613bab6e9a1cdab4cf5a8a2\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RE_2008_page_115\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RL_2019_page_123\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RL_2019\",\"ground_truth\":{\"blocks\":[{\"bbox\":[521.3,92.3,789.2,118.0],\"lines\":[{\"bbox\":[521.3,92.3,789.2,118.0],\"text\":\"RALPH LAUREN CORPORATION\"}],\"order\":0,\"text\":\"RALPH LAUREN CORPORATION\"},{\"bbox\":[383.7,119.2,925.2,151.8],\"lines\":[{\"bbox\":[383.7,119.2,925.2,151.8],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\"},{\"bbox\":[138.4,168.7,626.1,199.9],\"lines\":[{\"bbox\":[138.4,168.7,626.1,199.9],\"text\":\"A summary of stock option activity during Fiscal 2019 is as follows:\"}],\"order\":2,\"text\":\"A summary of stock option activity during Fiscal 2019 is as follows:\"},{\"bbox\":[796.7,260.3,887.6,313.0],\"lines\":[{\"bbox\":[809.5,260.6,875.5,278.3],\"text\":\"Weighted-\"},{\"bbox\":[815.0,277.9,869.4,295.3],\"text\":\"Average\"},{\"bbox\":[796.7,294.6,886.8,313.0],\"text\":\"Exercise Price\"}],\"order\":3,\"text\":\"Weighted-\\nAverage\\nExercise Price\"},{\"bbox\":[683.7,274.6,752.8,309.6],\"lines\":[{\"bbox\":[684.1,274.6,752.8,292.4],\"text\":\"Number of\"},{\"bbox\":[696.9,292.1,739.9,309.3],\"text\":\"Shares\"}],\"order\":4,\"text\":\"Number of\\nShares\"},{\"bbox\":[924.3,229.1,1004.4,315.9],\"lines\":[{\"bbox\":[931.9,229.2,997.9,247.0],\"text\":\"Weighted-\"},{\"bbox\":[937.5,246.6,991.8,264.0],\"text\":\"Average\"},{\"bbox\":[929.8,263.6,998.2,281.4],\"text\":\"Remaining\"},{\"bbox\":[924.7,280.6,1003.1,298.7],\"text\":\"Contractual\"},{\"bbox\":[946.1,298.4,981.0,315.3],\"text\":\"Term\"}],\"order\":5,\"text\":\"Weighted-\\nAverage\\nRemaining\\nContractual\\nTerm\"},{\"bbox\":[1039.3,283.5,1145.0,319.4],\"lines\":[{\"bbox\":[1058.2,284.0,1125.8,301.8],\"text\":\"Aggregate\"},{\"bbox\":[1039.3,300.7,1144.5,319.4],\"text\":\"Intrinsic Value (a)\"}],\"order\":6,\"text\":\"Aggregate\\nIntrinsic Value (a)\"},{\"bbox\":[940.1,324.7,985.0,341.9],\"lines\":[{\"bbox\":[940.1,324.7,985.0,341.9],\"text\":\"(years)\"}],\"order\":7,\"text\":\"(years)\"},{\"bbox\":[1061.1,327.7,1120.5,345.3],\"lines\":[{\"bbox\":[1061.1,327.7,1120.5,345.3],\"text\":\"(millions)\"}],\"order\":8,\"text\":\"(millions)\"},{\"bbox\":[680.4,318.2,754.3,336.1],\"lines\":[{\"bbox\":[680.4,318.2,754.3,336.1],\"text\":\"(thousands)\"}],\"order\":9,\"text\":\"(thousands)\"},{\"bbox\":[135.2,327.4,418.4,428.8],\"lines\":[{\"bbox\":[137.1,327.4,418.4,353.4],\"text\":\"Options outstanding at March 31, 2018\"},{\"bbox\":[149.7,352.8,206.3,373.2],\"text\":\"Granted\"},{\"bbox\":[149.0,377.9,218.8,398.7],\"text\":\"Exercised\"},{\"bbox\":[148.4,403.0,290.9,425.6],\"text\":\"Cancelled/Forfeited\"}],\"order\":10,\"text\":\"Options outstanding at March 31, 2018\\nGranted\\nExercised\\nCancelled/Forfeited\"},{\"bbox\":[718.2,341.9,767.2,437.5],\"lines\":[{\"bbox\":[720.0,341.9,760.8,362.0],\"text\":\"1,151\"},{\"bbox\":[743.2,367.7,760.7,387.1],\"text\":\"—\"},{\"bbox\":[726.7,392.4,765.9,412.4],\"text\":\"(162)\"},{\"bbox\":[726.1,417.5,765.3,437.5],\"text\":\"(155)\"}],\"order\":11,\"text\":\"1,151\\n—\\n(162)\\n(155)\"},{\"bbox\":[786.1,343.6,795.1,362.8],\"lines\":[{\"bbox\":[786.1,343.6,795.1,362.8],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[835.8,344.9,888.8,440.5],\"lines\":[{\"bbox\":[837.7,344.9,887.7,365.2],\"text\":\"157.86\"},{\"bbox\":[858.2,370.5,888.2,390.3],\"text\":\"N/A\"},{\"bbox\":[836.4,395.1,886.4,415.4],\"text\":\"134.64\"},{\"bbox\":[835.8,420.2,885.8,440.5],\"text\":\"156.98\"}],\"order\":13,\"text\":\"157.86\\nN/A\\n134.64\\n156.98\"},{\"bbox\":[992.4,348.8,1038.4,368.9],\"lines\":[{\"bbox\":[992.4,348.8,1038.4,368.9],\"text\":\"2.1 $\"}],\"order\":14,\"text\":\"2.1 $\"},{\"bbox\":[1127.2,352.1,1144.7,371.6],\"lines\":[{\"bbox\":[1127.2,352.1,1144.7,371.6],\"text\":\"—\"}],\"order\":15,\"text\":\"—\"},{\"bbox\":[134.5,430.5,415.8,456.5],\"lines\":[{\"bbox\":[134.5,430.5,415.8,456.5],\"text\":\"Options outstanding at March 30, 2019\"}],\"order\":16,\"text\":\"Options outstanding at March 30, 2019\"},{\"bbox\":[730.7,444.1,758.2,463.8],\"lines\":[{\"bbox\":[730.7,444.1,758.2,463.8],\"text\":\"834\"}],\"order\":17,\"text\":\"834\"},{\"bbox\":[783.6,446.7,792.6,466.0],\"lines\":[{\"bbox\":[783.6,446.7,792.6,466.0],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[835.1,448.0,885.1,468.3],\"lines\":[{\"bbox\":[835.1,448.0,885.1,468.3],\"text\":\"162.53\"}],\"order\":19,\"text\":\"162.53\"},{\"bbox\":[989.8,451.9,1035.8,472.0],\"lines\":[{\"bbox\":[989.8,451.9,1035.8,472.0],\"text\":\"1.5 $\"}],\"order\":20,\"text\":\"1.5 $\"},{\"bbox\":[1124.6,455.2,1142.1,474.7],\"lines\":[{\"bbox\":[1124.6,455.2,1142.1,474.7],\"text\":\"—\"}],\"order\":21,\"text\":\"—\"},{\"bbox\":[132.6,479.4,409.3,530.4],\"lines\":[{\"bbox\":[133.3,479.4,390.2,504.8],\"text\":\"Options vested at March 30, 2019 (b)\"},{\"bbox\":[132.6,504.5,408.7,530.4],\"text\":\"Options exercisable at March 30, 2019\"}],\"order\":22,\"text\":\"Options vested at March 30, 2019 (b)\\nOptions exercisable at March 30, 2019\"},{\"bbox\":[728.8,494.3,757.0,539.1],\"lines\":[{\"bbox\":[729.5,494.3,757.0,514.0],\"text\":\"834\"},{\"bbox\":[728.8,519.4,756.3,539.1],\"text\":\"834\"}],\"order\":23,\"text\":\"834\\n834\"},{\"bbox\":[781.7,495.6,791.3,540.0],\"lines\":[{\"bbox\":[782.3,495.6,791.3,514.9],\"text\":\"$\"},{\"bbox\":[781.7,520.7,790.7,540.0],\"text\":\"$\"}],\"order\":24,\"text\":\"$\\n$\"},{\"bbox\":[833.3,496.9,883.9,542.3],\"lines\":[{\"bbox\":[833.9,496.9,883.9,517.2],\"text\":\"162.53\"},{\"bbox\":[833.3,522.0,883.2,542.3],\"text\":\"162.53\"}],\"order\":25,\"text\":\"162.53\\n162.53\"},{\"bbox\":[987.9,500.8,1034.6,546.1],\"lines\":[{\"bbox\":[988.6,500.8,1034.6,521.0],\"text\":\"1.5 $\"},{\"bbox\":[987.9,525.9,1033.9,546.1],\"text\":\"1.5 $\"}],\"order\":26,\"text\":\"1.5 $\\n1.5 $\"},{\"bbox\":[1122.8,504.2,1140.9,548.7],\"lines\":[{\"bbox\":[1123.4,504.2,1140.9,523.6],\"text\":\"—\"},{\"bbox\":[1122.8,529.3,1140.3,548.7],\"text\":\"—\"}],\"order\":27,\"text\":\"—\\n—\"},{\"bbox\":[128.6,564.7,143.5,578.2],\"lines\":[{\"bbox\":[128.6,564.7,143.5,578.2],\"text\":\"(a)\"}],\"order\":28,\"text\":\"(a)\"},{\"bbox\":[127.5,609.6,142.3,623.1],\"lines\":[{\"bbox\":[127.5,609.6,142.3,623.1],\"text\":\"(b)\"}],\"order\":29,\"text\":\"(b)\"},{\"bbox\":[158.6,564.7,1205.4,674.7],\"lines\":[{\"bbox\":[160.2,564.7,1202.0,609.8],\"text\":\"Aggregate intrinsic value is the amount by which the market price of the Company's Class A common stock at the end of the period exceeds the\"},{\"bbox\":[159.7,584.5,668.1,616.3],\"text\":\"exercise price of the stock option, multiplied by the number of options.\"},{\"bbox\":[159.1,609.7,1204.3,654.8],\"text\":\"There were no nonvested stock options as of March 30, 2019. Accordingly, there was no related unrecognized compensation expense as of\"},{\"bbox\":[158.6,629.5,277.0,651.5],\"text\":\"March 30, 2019.\"}],\"order\":30,\"text\":\"Aggregate intrinsic value is the amount by which the market price of the Company's Class A common stock at the end of the period exceeds the\\nexercise price of the stock option, multiplied by the number of options.\\nThere were no nonvested stock options as of March 30, 2019. Accordingly, there was no related unrecognized compensation expense as of\\nMarch 30, 2019.\"},{\"bbox\":[125.7,675.0,731.1,709.1],\"lines\":[{\"bbox\":[125.7,675.0,731.1,709.1],\"text\":\"Additional information pertaining to the Company's stock option plans is as follows:\"}],\"order\":31,\"text\":\"Additional information pertaining to the Company's stock option plans is as follows:\"},{\"bbox\":[833.1,741.3,955.3,760.5],\"lines\":[{\"bbox\":[833.1,741.3,955.3,760.5],\"text\":\"Fiscal Years Ended\"}],\"order\":32,\"text\":\"Fiscal Years Ended\"},{\"bbox\":[686.7,761.5,753.3,796.4],\"lines\":[{\"bbox\":[687.1,761.5,753.3,779.2],\"text\":\"March 30,\"},{\"bbox\":[705.9,779.1,737.3,796.0],\"text\":\"2019\"}],\"order\":33,\"text\":\"March 30,\\n2019\"},{\"bbox\":[860.5,765.8,927.1,800.8],\"lines\":[{\"bbox\":[861.0,765.8,927.1,783.6],\"text\":\"March 31,\"},{\"bbox\":[879.7,783.5,911.1,800.4],\"text\":\"2018\"}],\"order\":34,\"text\":\"March 31,\\n2018\"},{\"bbox\":[1039.0,770.3,1088.4,804.8],\"lines\":[{\"bbox\":[1039.4,770.3,1088.4,787.6],\"text\":\"April 1,\"},{\"bbox\":[1049.6,787.7,1081.0,804.6],\"text\":\"2017\"}],\"order\":35,\"text\":\"April 1,\\n2017\"},{\"bbox\":[862.5,808.2,922.0,825.8],\"lines\":[{\"bbox\":[862.5,808.2,922.0,825.8],\"text\":\"(millions)\"}],\"order\":36,\"text\":\"(millions)\"},{\"bbox\":[123.7,812.5,511.4,891.4],\"lines\":[{\"bbox\":[124.9,812.5,511.4,841.2],\"text\":\"Aggregate intrinsic value of stock options exercised (a)\"},{\"bbox\":[124.3,837.6,469.8,865.3],\"text\":\"Cash received from the exercise of stock options\"},{\"bbox\":[123.7,862.7,477.1,890.6],\"text\":\"Tax benefits realized on exercise of stock options\"}],\"order\":37,\"text\":\"Aggregate intrinsic value of stock options exercised (a)\\nCash received from the exercise of stock options\\nTax benefits realized on exercise of stock options\"},{\"bbox\":[119.5,928.2,134.4,941.7],\"lines\":[{\"bbox\":[119.5,928.2,134.4,941.7],\"text\":\"(a)\"}],\"order\":38,\"text\":\"(a)\"},{\"bbox\":[641.8,825.4,650.8,844.7],\"lines\":[{\"bbox\":[641.8,825.4,650.8,844.7],\"text\":\"$\"}],\"order\":39,\"text\":\"$\"},{\"bbox\":[759.5,828.4,792.3,898.5],\"lines\":[{\"bbox\":[770.0,828.7,792.3,848.2],\"text\":\"1.2\"},{\"bbox\":[760.1,853.5,791.6,873.3],\"text\":\"21.8\"},{\"bbox\":[768.8,878.9,791.0,898.5],\"text\":\"3.7\"}],\"order\":40,\"text\":\"1.2\\n21.8\\n3.7\"},{\"bbox\":[813.7,829.7,822.7,849.0],\"lines\":[{\"bbox\":[813.7,829.7,822.7,849.0],\"text\":\"$\"}],\"order\":41,\"text\":\"$\"},{\"bbox\":[944.6,833.1,968.7,902.9],\"lines\":[{\"bbox\":[951.1,833.2,968.7,852.6],\"text\":\"—\"},{\"bbox\":[945.2,858.2,967.4,877.7],\"text\":\"0.1\"},{\"bbox\":[949.9,883.4,967.4,902.9],\"text\":\"—\"}],\"order\":42,\"text\":\"—\\n0.1\\n—\"},{\"bbox\":[989.5,834.1,998.5,853.4],\"lines\":[{\"bbox\":[989.5,834.1,998.5,853.4],\"text\":\"$\"}],\"order\":43,\"text\":\"$\"},{\"bbox\":[1108.5,837.2,1132.0,907.0],\"lines\":[{\"bbox\":[1109.8,837.2,1132.0,856.7],\"text\":\"3.0\"},{\"bbox\":[1109.1,862.3,1131.4,881.8],\"text\":\"5.0\"},{\"bbox\":[1108.5,887.4,1130.7,907.0],\"text\":\"1.0\"}],\"order\":44,\"text\":\"3.0\\n5.0\\n1.0\"},{\"bbox\":[150.6,928.2,1192.9,993.2],\"lines\":[{\"bbox\":[151.1,928.2,1192.9,973.3],\"text\":\"Aggregate intrinsic value is the amount by which the market price of the Company's Class A common stock exceeded the stock option's exercise\"},{\"bbox\":[150.6,948.1,571.8,977.6],\"text\":\"price when exercised, multiplied by the number of options.\"}],\"order\":45,\"text\":\"Aggregate intrinsic value is the amount by which the market price of the Company's Class A common stock exceeded the stock option's exercise\\nprice when exercised, multiplied by the number of options.\"},{\"bbox\":[102.0,987.9,460.8,1015.9],\"lines\":[{\"bbox\":[102.0,987.9,460.8,1015.9],\"text\":\"Restricted Stock Awards and Service-based RSUs\"}],\"order\":46,\"text\":\"Restricted Stock Awards and Service-based RSUs\"},{\"bbox\":[67.8,1028.0,1192.4,1134.7],\"lines\":[{\"bbox\":[116.9,1029.2,1192.4,1075.2],\"text\":\"Restricted shares granted to non-employee directors vest ratably over a three-year period, subject to the director's continued service to the Company.\"},{\"bbox\":[68.8,1047.9,1190.3,1095.0],\"text\":\"The fair values of restricted stock awards are based on the fair value of the Company's Class A common stock on the date of grant. Holders of restricted shares\"},{\"bbox\":[68.3,1067.7,1189.2,1114.8],\"text\":\"are entitled to receive cash dividends in connection with the payments of dividends on the Company's Class A common stock. Effective beginning Fiscal\"},{\"bbox\":[67.8,1087.5,734.8,1123.2],\"text\":\"2019, non-employee directors are now granted service-based RSUs in lieu of restricted shares.\"}],\"order\":47,\"text\":\"Restricted shares granted to non-employee directors vest ratably over a three-year period, subject to the director's continued service to the Company.\\nThe fair values of restricted stock awards are based on the fair value of the Company's Class A common stock on the date of grant. Holders of restricted shares\\nare entitled to receive cash dividends in connection with the payments of dividends on the Company's Class A common stock. Effective beginning Fiscal\\n2019, non-employee directors are now granted service-based RSUs in lieu of restricted shares.\"},{\"bbox\":[64.8,1128.5,1191.3,1255.0],\"lines\":[{\"bbox\":[114.3,1129.7,1191.3,1175.7],\"text\":\"Service-based RSUs granted to certain of the Company's senior executives and other employees, as well as non-employee directors, generally vest over\"},{\"bbox\":[66.3,1148.3,1190.0,1195.5],\"text\":\"a three-year period, subject to the employee's continuing employment (except for awards granted to retirement-eligible employees, or employees who become\"},{\"bbox\":[65.8,1168.2,1189.2,1215.3],\"text\":\"retirement-eligible prior to the end of the awards' respective stated vesting periods, as previously discussed). The fair values of service-based RSUs are based\"},{\"bbox\":[65.3,1188.0,1186.0,1235.1],\"text\":\"on the fair value of the Company's Class A common stock on the date of grant, adjusted to reflect the absence of dividends for any awards for which dividend\"},{\"bbox\":[64.8,1207.8,544.1,1238.8],\"text\":\"equivalent amounts do not accrue while outstanding and unvested.\"}],\"order\":48,\"text\":\"Service-based RSUs granted to certain of the Company's senior executives and other employees, as well as non-employee directors, generally vest over\\na three-year period, subject to the employee's continuing employment (except for awards granted to retirement-eligible employees, or employees who become\\nretirement-eligible prior to the end of the awards' respective stated vesting periods, as previously discussed). The fair values of service-based RSUs are based\\non the fair value of the Company's Class A common stock on the date of grant, adjusted to reflect the absence of dividends for any awards for which dividend\\nequivalent amounts do not accrue while outstanding and unvested.\"},{\"bbox\":[613.9,1334.0,646.7,1353.8],\"lines\":[{\"bbox\":[613.9,1334.0,646.7,1353.8],\"text\":\"F-48\"}],\"order\":49,\"text\":\"F-48\"}],\"doc\":\"fintabnet:RL_2019\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"RALPH LAUREN CORPORATION\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\\n\\nA summary of stock option activity during Fiscal 2019 is as follows:\\n\\nWeighted-\\nAverage\\nExercise Price\\n\\nNumber of\\nShares\\n\\nWeighted-\\nAverage\\nRemaining\\nContractual\\nTerm\\n\\nAggregate\\nIntrinsic Value (a)\\n\\n(years)\\n\\n(millions)\\n\\n(thousands)\\n\\nOptions outstanding at March 31, 2018\\nGranted\\nExercised\\nCancelled/Forfeited\\n\\n1,151\\n—\\n(162)\\n(155)\\n\\n$\\n\\n157.86\\nN/A\\n134.64\\n156.98\\n\\n2.1 $\\n\\n—\\n\\nOptions outstanding at March 30, 2019\\n\\n834\\n\\n$\\n\\n162.53\\n\\n1.5 $\\n\\n—\\n\\nOptions vested at March 30, 2019 (b)\\nOptions exercisable at March 30, 2019\\n\\n834\\n834\\n\\n$\\n$\\n\\n162.53\\n162.53\\n\\n1.5 $\\n1.5 $\\n\\n—\\n—\\n\\n(a)\\n\\n(b)\\n\\nAggregate intrinsic value is the amount by which the market price of the Company's Class A common stock at the end of the period exceeds the\\nexercise price of the stock option, multiplied by the number of options.\\nThere were no nonvested stock options as of March 30, 2019. Accordingly, there was no related unrecognized compensation expense as of\\nMarch 30, 2019.\\n\\nAdditional information pertaining to the Company's stock option plans is as follows:\\n\\nFiscal Years Ended\\n\\nMarch 30,\\n2019\\n\\nMarch 31,\\n2018\\n\\nApril 1,\\n2017\\n\\n(millions)\\n\\nAggregate intrinsic value of stock options exercised (a)\\nCash received from the exercise of stock options\\nTax benefits realized on exercise of stock options\\n\\n(a)\\n\\n$\\n\\n1.2\\n21.8\\n3.7\\n\\n$\\n\\n—\\n0.1\\n—\\n\\n$\\n\\n3.0\\n5.0\\n1.0\\n\\nAggregate intrinsic value is the amount by which the market price of the Company's Class A common stock exceeded the stock option's exercise\\nprice when exercised, multiplied by the number of options.\\n\\nRestricted Stock Awards and Service-based RSUs\\n\\nRestricted shares granted to non-employee directors vest ratably over a three-year period, subject to the director's continued service to the Company.\\nThe fair values of restricted stock awards are based on the fair value of the Company's Class A common stock on the date of grant. Holders of restricted shares\\nare entitled to receive cash dividends in connection with the payments of dividends on the Company's Class A common stock. Effective beginning Fiscal\\n2019, non-employee directors are now granted service-based RSUs in lieu of restricted shares.\\n\\nService-based RSUs granted to certain of the Company's senior executives and other employees, as well as non-employee directors, generally vest over\\na three-year period, subject to the employee's continuing employment (except for awards granted to retirement-eligible employees, or employees who become\\nretirement-eligible prior to the end of the awards' respective stated vesting periods, as previously discussed). The fair values of service-based RSUs are based\\non the fair value of the Company's Class A common stock on the date of grant, adjusted to reflect the absence of dividends for any awards for which dividend\\nequivalent amounts do not accrue while outstanding and unvested.\\n\\nF-48\",\"name\":\"fintabnet.RL_2019_page_123__150dpi_medium\",\"page_id\":\"fintabnet.RL_2019_page_123\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.434,\"source\":\"fintabnet\",\"source_id\":\"RL_2019_page_123\",\"stack\":[{\"deg\":-1.434,\"op\":\"skew\"},{\"amp\":0.139,\"angle\":348.8,\"blob\":0.745,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.788},{\"op\":\"noise\",\"sigma\":8.332},{\"method\":\"global\",\"offset\":-0.039,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[132.6,209.4,1147.8,548.7],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27],\"cells\":null}],\"text\":\"RALPH LAUREN CORPORATION\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\\n\\nA summary of stock option activity during Fiscal 2019 is as follows:\\n\\nWeighted-\\nAverage\\nExercise Price\\n\\nNumber of\\nShares\\n\\nWeighted-\\nAverage\\nRemaining\\nContractual\\nTerm\\n\\nAggregate\\nIntrinsic Value (a)\\n\\n(years)\\n\\n(millions)\\n\\n(thousands)\\n\\nOptions outstanding at March 31, 2018\\nGranted\\nExercised\\nCancelled/Forfeited\\n\\n1,151\\n—\\n(162)\\n(155)\\n\\n$\\n\\n157.86\\nN/A\\n134.64\\n156.98\\n\\n2.1 $\\n\\n—\\n\\nOptions outstanding at March 30, 2019\\n\\n834\\n\\n$\\n\\n162.53\\n\\n1.5 $\\n\\n—\\n\\nOptions vested at March 30, 2019 (b)\\nOptions exercisable at March 30, 2019\\n\\n834\\n834\\n\\n$\\n$\\n\\n162.53\\n162.53\\n\\n1.5 $\\n1.5 $\\n\\n—\\n—\\n\\n(a)\\n\\n(b)\\n\\nAggregate intrinsic value is the amount by which the market price of the Company's Class A common stock at the end of the period exceeds the\\nexercise price of the stock option, multiplied by the number of options.\\nThere were no nonvested stock options as of March 30, 2019. Accordingly, there was no related unrecognized compensation expense as of\\nMarch 30, 2019.\\n\\nAdditional information pertaining to the Company's stock option plans is as follows:\\n\\nFiscal Years Ended\\n\\nMarch 30,\\n2019\\n\\nMarch 31,\\n2018\\n\\nApril 1,\\n2017\\n\\n(millions)\\n\\nAggregate intrinsic value of stock options exercised (a)\\nCash received from the exercise of stock options\\nTax benefits realized on exercise of stock options\\n\\n(a)\\n\\n$\\n\\n1.2\\n21.8\\n3.7\\n\\n$\\n\\n—\\n0.1\\n—\\n\\n$\\n\\n3.0\\n5.0\\n1.0\\n\\nAggregate intrinsic value is the amount by which the market price of the Company's Class A common stock exceeded the stock option's exercise\\nprice when exercised, multiplied by the number of options.\\n\\nRestricted Stock Awards and Service-based RSUs\\n\\nRestricted shares granted to non-employee directors vest ratably over a three-year period, subject to the director's continued service to the Company.\\nThe fair values of restricted stock awards are based on the fair value of the Company's Class A common stock on the date of grant. Holders of restricted shares\\nare entitled to receive cash dividends in connection with the payments of dividends on the Company's Class A common stock. Effective beginning Fiscal\\n2019, non-employee directors are now granted service-based RSUs in lieu of restricted shares.\\n\\nService-based RSUs granted to certain of the Company's senior executives and other employees, as well as non-employee directors, generally vest over\\na three-year period, subject to the employee's continuing employment (except for awards granted to retirement-eligible employees, or employees who become\\nretirement-eligible prior to the end of the awards' respective stated vesting periods, as previously discussed). The fair values of service-based RSUs are based\\non the fair value of the Company's Class A common stock on the date of grant, adjusted to reflect the absence of dividends for any awards for which dividend\\nequivalent amounts do not accrue while outstanding and unvested.\\n\\nF-48\"},\"name\":\"fintabnet.RL_2019_page_123__150dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":28670,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:RL_2019\",\"dpi\":150,\"gt_sha256\":\"991926396deff92ff4865de524eb7bb25f6e66e1634a3bbee403dd1b203ec20e\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.RL_2019_page_123__150dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.RL_2019_page_123\",\"pdf_sha256\":\"d604a302888e27cfc445e28f438490d13e1feeda6787287123691ffa674300d2\",\"px\":[1275,1650],\"scan\":{\"render\":\"000007e00038307c38e03f683f8000f47c007e007ffe7ffe0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"RL_2019_page_123\",\"src\":{\"file_sha256\":\"933a53e979a14cc67f0bf9f5bc3713e902dbe4f440ba32424e2c2d00ea87402c\",\"render\":\"00000fc0003c7ffc7ffc3f003f8000fc7ffc3e007ffe7ffe0000000000000000\",\"text\":\"a79681507c16db06a9db6b1299921708a409644ed38867b3cda69900058e796b\"},\"stack\":[{\"deg\":-1.434,\"op\":\"skew\"},{\"amp\":0.139,\"angle\":348.8,\"blob\":0.745,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.788},{\"op\":\"noise\",\"sigma\":8.332},{\"method\":\"global\",\"offset\":-0.039,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"d604a302888e27cfc445e28f438490d13e1feeda6787287123691ffa674300d2\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/d604a302888e27cfc445e28f438490d13e1feeda6787287123691ffa674300d2.pdf","asset_sha256":"d604a302888e27cfc445e28f438490d13e1feeda6787287123691ffa674300d2","document_id":"fintabnet:RL_2019","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RL_2019_page_123\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RL_2019_page_46\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RL_2019\",\"ground_truth\":{\"blocks\":[{\"bbox\":[150.0,272.8,2393.9,350.5],\"lines\":[{\"bbox\":[245.2,272.8,2393.9,310.8],\"text\":\"Our global average store count increased by 34 stores and concession shops during Fiscal 2019 compared with the prior fiscal year, largely driven by\"},{\"bbox\":[150.0,312.4,1772.8,350.5],\"text\":\"new openings in Asia. The following table details our retail store presence by segment as of the periods presented:\"}],\"order\":0,\"text\":\"Our global average store count increased by 34 stores and concession shops during Fiscal 2019 compared with the prior fiscal year, largely driven by\\nnew openings in Asia. The following table details our retail store presence by segment as of the periods presented:\"},{\"bbox\":[1735.5,383.3,1867.0,449.9],\"lines\":[{\"bbox\":[1735.5,383.3,1867.0,415.5],\"text\":\"March 30,\"},{\"bbox\":[1773.8,417.6,1835.9,449.9],\"text\":\"2019\"}],\"order\":1,\"text\":\"March 30,\\n2019\"},{\"bbox\":[2060.8,383.3,2192.3,449.9],\"lines\":[{\"bbox\":[2060.8,383.3,2192.3,415.5],\"text\":\"March 31,\"},{\"bbox\":[2099.1,417.6,2161.2,449.9],\"text\":\"2018\"}],\"order\":2,\"text\":\"March 31,\\n2018\"},{\"bbox\":[250.5,465.8,716.0,704.9],\"lines\":[{\"bbox\":[250.5,465.8,558.1,503.9],\"text\":\"Freestanding Stores:\"},{\"bbox\":[276.9,516.1,485.1,554.1],\"text\":\"North America\"},{\"bbox\":[276.9,566.3,379.3,604.4],\"text\":\"Europe\"},{\"bbox\":[276.9,616.6,339.7,654.6],\"text\":\"Asia\"},{\"bbox\":[276.9,666.8,716.0,704.9],\"text\":\"Other non-reportable segments\"}],\"order\":3,\"text\":\"Freestanding Stores:\\nNorth America\\nEurope\\nAsia\\nOther non-reportable segments\"},{\"bbox\":[1882.3,516.1,1936.4,704.9],\"lines\":[{\"bbox\":[1882.3,516.1,1936.4,554.1],\"text\":\"224\"},{\"bbox\":[1900.8,566.3,1936.4,604.4],\"text\":\"87\"},{\"bbox\":[1882.3,616.6,1936.4,654.6],\"text\":\"115\"},{\"bbox\":[1900.8,666.8,1936.4,704.9],\"text\":\"75\"}],\"order\":4,\"text\":\"224\\n87\\n115\\n75\"},{\"bbox\":[2207.6,516.1,2261.7,704.9],\"lines\":[{\"bbox\":[2207.6,516.1,2261.7,554.1],\"text\":\"215\"},{\"bbox\":[2226.1,566.3,2261.7,604.4],\"text\":\"81\"},{\"bbox\":[2207.6,616.6,2261.7,654.6],\"text\":\"105\"},{\"bbox\":[2226.1,666.8,2261.7,704.9],\"text\":\"71\"}],\"order\":5,\"text\":\"215\\n81\\n105\\n71\"},{\"bbox\":[298.1,719.7,649.9,757.8],\"lines\":[{\"bbox\":[298.1,719.7,649.9,757.8],\"text\":\"Total freestanding stores\"}],\"order\":6,\"text\":\"Total freestanding stores\"},{\"bbox\":[1882.3,719.7,1936.4,757.8],\"lines\":[{\"bbox\":[1882.3,719.7,1936.4,757.8],\"text\":\"501\"}],\"order\":7,\"text\":\"501\"},{\"bbox\":[2207.6,719.7,2261.7,757.8],\"lines\":[{\"bbox\":[2207.6,719.7,2261.7,757.8],\"text\":\"472\"}],\"order\":8,\"text\":\"472\"},{\"bbox\":[250.5,812.3,716.0,1051.3],\"lines\":[{\"bbox\":[250.5,812.3,523.7,850.3],\"text\":\"Concession Shops:\"},{\"bbox\":[276.9,862.5,485.1,900.6],\"text\":\"North America\"},{\"bbox\":[276.9,912.8,379.3,950.8],\"text\":\"Europe\"},{\"bbox\":[276.9,963.0,339.7,1001.1],\"text\":\"Asia\"},{\"bbox\":[276.9,1013.3,716.0,1051.3],\"text\":\"Other non-reportable segments\"}],\"order\":9,\"text\":\"Concession Shops:\\nNorth America\\nEurope\\nAsia\\nOther non-reportable segments\"},{\"bbox\":[1882.3,862.5,1936.4,1051.3],\"lines\":[{\"bbox\":[1919.3,862.5,1936.4,900.6],\"text\":\"2\"},{\"bbox\":[1900.8,912.8,1936.4,950.8],\"text\":\"24\"},{\"bbox\":[1882.3,963.0,1936.4,1001.1],\"text\":\"622\"},{\"bbox\":[1919.3,1013.3,1936.4,1051.3],\"text\":\"5\"}],\"order\":10,\"text\":\"2\\n24\\n622\\n5\"},{\"bbox\":[2207.6,862.5,2261.7,1051.3],\"lines\":[{\"bbox\":[2244.6,862.5,2261.7,900.6],\"text\":\"2\"},{\"bbox\":[2226.1,912.8,2261.7,950.8],\"text\":\"25\"},{\"bbox\":[2207.6,963.0,2261.7,1001.1],\"text\":\"603\"},{\"bbox\":[2244.6,1013.3,2261.7,1051.3],\"text\":\"2\"}],\"order\":11,\"text\":\"2\\n25\\n603\\n2\"},{\"bbox\":[298.1,1066.2,631.4,1104.2],\"lines\":[{\"bbox\":[298.1,1066.2,631.4,1104.2],\"text\":\"Total concession shops\"}],\"order\":12,\"text\":\"Total concession shops\"},{\"bbox\":[319.3,1121.7,485.9,1159.8],\"lines\":[{\"bbox\":[319.3,1121.7,485.9,1159.8],\"text\":\"Total stores\"}],\"order\":13,\"text\":\"Total stores\"},{\"bbox\":[1882.3,1066.2,1936.4,1104.2],\"lines\":[{\"bbox\":[1882.3,1066.2,1936.4,1104.2],\"text\":\"653\"}],\"order\":14,\"text\":\"653\"},{\"bbox\":[2207.6,1066.2,2261.7,1104.2],\"lines\":[{\"bbox\":[2207.6,1066.2,2261.7,1104.2],\"text\":\"632\"}],\"order\":15,\"text\":\"632\"},{\"bbox\":[1855.8,1119.1,1936.4,1157.1],\"lines\":[{\"bbox\":[1855.8,1119.1,1936.4,1157.1],\"text\":\"1,154\"}],\"order\":16,\"text\":\"1,154\"},{\"bbox\":[2181.1,1119.1,2261.7,1157.1],\"lines\":[{\"bbox\":[2181.1,1119.1,2261.7,1157.1],\"text\":\"1,104\"}],\"order\":17,\"text\":\"1,104\"},{\"bbox\":[150.0,1224.8,2394.6,1342.3],\"lines\":[{\"bbox\":[245.2,1224.8,2394.6,1262.9],\"text\":\"In addition to our stores, we sell products online in North America and Europe through our various digital commerce sites, which include\"},{\"bbox\":[150.0,1264.5,2388.0,1302.6],\"text\":\"www.RalphLauren.com and www.ClubMonaco.com, among others. In Asia, we sell products online through our digital commerce site, www.RalphLauren.cn,\"},{\"bbox\":[150.0,1304.2,1647.5,1342.3],\"text\":\"which launched in September 2018, as well as through various third-party digital partner commerce sites.\"}],\"order\":18,\"text\":\"In addition to our stores, we sell products online in North America and Europe through our various digital commerce sites, which include\\nwww.RalphLauren.com and www.ClubMonaco.com, among others. In Asia, we sell products online through our digital commerce site, www.RalphLauren.cn,\\nwhich launched in September 2018, as well as through various third-party digital partner commerce sites.\"},{\"bbox\":[150.0,1386.2,2393.9,1463.9],\"lines\":[{\"bbox\":[245.2,1386.2,2393.9,1424.2],\"text\":\"Net revenues for our segments, as well as a discussion of the changes in each reportable segment's net revenues from the prior fiscal year, are provided\"},{\"bbox\":[150.0,1425.8,246.8,1463.9],\"text\":\"below:\"}],\"order\":19,\"text\":\"Net revenues for our segments, as well as a discussion of the changes in each reportable segment's net revenues from the prior fiscal year, are provided\\nbelow:\"},{\"bbox\":[833.7,1512.5,1077.2,1544.8],\"lines\":[{\"bbox\":[833.7,1512.5,1077.2,1544.8],\"text\":\"Fiscal Years Ended\"}],\"order\":20,\"text\":\"Fiscal Years Ended\"},{\"bbox\":[772.8,1560.2,904.3,1626.7],\"lines\":[{\"bbox\":[772.8,1560.2,904.3,1592.4],\"text\":\"March 30,\"},{\"bbox\":[811.2,1594.5,873.2,1626.7],\"text\":\"2019\"}],\"order\":21,\"text\":\"March 30,\\n2019\"},{\"bbox\":[1221.1,1512.5,1342.3,1544.8],\"lines\":[{\"bbox\":[1221.1,1512.5,1342.3,1544.8],\"text\":\"$ Change\"}],\"order\":22,\"text\":\"$ Change\"},{\"bbox\":[992.3,1560.2,1123.9,1626.7],\"lines\":[{\"bbox\":[992.3,1560.2,1123.9,1592.4],\"text\":\"March 31,\"},{\"bbox\":[1030.7,1594.5,1092.7,1626.7],\"text\":\"2018\"}],\"order\":23,\"text\":\"March 31,\\n2018\"},{\"bbox\":[1662.8,1512.5,1784.0,1544.8],\"lines\":[{\"bbox\":[1662.8,1512.5,1784.0,1544.8],\"text\":\"$ Change\"}],\"order\":24,\"text\":\"$ Change\"},{\"bbox\":[1440.6,1525.8,1564.5,1626.7],\"lines\":[{\"bbox\":[1452.5,1525.8,1553.2,1558.0],\"text\":\"Foreign\"},{\"bbox\":[1440.6,1560.2,1564.5,1592.4],\"text\":\"Exchange\"},{\"bbox\":[1457.8,1594.5,1546.7,1626.7],\"text\":\"Impact\"}],\"order\":25,\"text\":\"Foreign\\nExchange\\nImpact\"},{\"bbox\":[1222.4,1560.2,1341.6,1626.7],\"lines\":[{\"bbox\":[1266.1,1560.2,1298.5,1592.4],\"text\":\"As\"},{\"bbox\":[1222.4,1594.5,1341.6,1626.7],\"text\":\"Reported\"}],\"order\":26,\"text\":\"As\\nReported\"},{\"bbox\":[1662.8,1560.2,1783.0,1626.7],\"lines\":[{\"bbox\":[1665.4,1560.2,1780.8,1592.4],\"text\":\"Constant\"},{\"bbox\":[1662.8,1594.5,1783.0,1626.7],\"text\":\"Currency\"}],\"order\":27,\"text\":\"Constant\\nCurrency\"},{\"bbox\":[1998.6,1512.5,2133.1,1544.8],\"lines\":[{\"bbox\":[1998.6,1512.5,2133.1,1544.8],\"text\":\"% Change\"}],\"order\":28,\"text\":\"% Change\"},{\"bbox\":[1888.9,1560.2,2008.1,1626.7],\"lines\":[{\"bbox\":[1932.5,1560.2,1964.9,1592.4],\"text\":\"As\"},{\"bbox\":[1888.9,1594.5,2008.1,1626.7],\"text\":\"Reported\"}],\"order\":29,\"text\":\"As\\nReported\"},{\"bbox\":[2117.7,1560.2,2237.9,1626.7],\"lines\":[{\"bbox\":[2120.3,1560.2,2235.7,1592.4],\"text\":\"Constant\"},{\"bbox\":[2117.7,1594.5,2237.9,1626.7],\"text\":\"Currency\"}],\"order\":30,\"text\":\"Constant\\nCurrency\"},{\"bbox\":[1226.4,1647.4,1344.4,1679.6],\"lines\":[{\"bbox\":[1226.4,1647.4,1344.4,1679.6],\"text\":\"(millions)\"}],\"order\":31,\"text\":\"(millions)\"},{\"bbox\":[250.5,1695.3,446.1,1730.5],\"lines\":[{\"bbox\":[250.5,1695.3,446.1,1730.5],\"text\":\"Net Revenues:\"}],\"order\":32,\"text\":\"Net Revenues:\"},{\"bbox\":[276.9,1745.6,465.5,1780.7],\"lines\":[{\"bbox\":[276.9,1745.6,465.5,1780.7],\"text\":\"North America\"}],\"order\":33,\"text\":\"North America\"},{\"bbox\":[1736.8,1745.6,1813.4,1780.7],\"lines\":[{\"bbox\":[1736.8,1745.6,1813.4,1780.7],\"text\":\"(24.8)\"}],\"order\":34,\"text\":\"(24.8)\"},{\"bbox\":[1948.4,1745.6,2035.6,1780.7],\"lines\":[{\"bbox\":[1948.4,1745.6,2035.6,1780.7],\"text\":\"(0.9%)\"}],\"order\":35,\"text\":\"(0.9%)\"},{\"bbox\":[276.9,1795.8,367.6,1831.0],\"lines\":[{\"bbox\":[276.9,1795.8,367.6,1831.0],\"text\":\"Europe\"}],\"order\":36,\"text\":\"Europe\"},{\"bbox\":[747.7,1745.6,763.4,1780.7],\"lines\":[{\"bbox\":[747.7,1745.6,763.4,1780.7],\"text\":\"$\"}],\"order\":37,\"text\":\"$\"},{\"bbox\":[829.7,1795.8,924.8,1831.0],\"lines\":[{\"bbox\":[829.7,1795.8,924.8,1831.0],\"text\":\"1,659.9\"}],\"order\":38,\"text\":\"1,659.9\"},{\"bbox\":[1049.2,1795.8,1144.3,1831.0],\"lines\":[{\"bbox\":[1049.2,1795.8,1144.3,1831.0],\"text\":\"1,585.0\"}],\"order\":39,\"text\":\"1,585.0\"},{\"bbox\":[1305.7,1795.8,1361.1,1831.0],\"lines\":[{\"bbox\":[1305.7,1795.8,1361.1,1831.0],\"text\":\"74.9\"}],\"order\":40,\"text\":\"74.9\"},{\"bbox\":[1517.3,1795.8,1593.9,1831.0],\"lines\":[{\"bbox\":[1517.3,1795.8,1593.9,1831.0],\"text\":\"(27.5)\"}],\"order\":41,\"text\":\"(27.5)\"},{\"bbox\":[1731.5,1795.8,1802.8,1831.0],\"lines\":[{\"bbox\":[1731.5,1795.8,1802.8,1831.0],\"text\":\"102.4\"}],\"order\":42,\"text\":\"102.4\"},{\"bbox\":[1959.0,1795.8,2024.9,1831.0],\"lines\":[{\"bbox\":[1959.0,1795.8,2024.9,1831.0],\"text\":\"4.7%\"}],\"order\":43,\"text\":\"4.7%\"},{\"bbox\":[2189.1,1795.8,2255.0,1831.0],\"lines\":[{\"bbox\":[2189.1,1795.8,2255.0,1831.0],\"text\":\"6.5%\"}],\"order\":44,\"text\":\"6.5%\"},{\"bbox\":[276.9,1846.1,335.9,1881.2],\"lines\":[{\"bbox\":[276.9,1846.1,335.9,1881.2],\"text\":\"Asia\"}],\"order\":45,\"text\":\"Asia\"},{\"bbox\":[829.7,1846.1,924.8,1881.2],\"lines\":[{\"bbox\":[829.7,1846.1,924.8,1881.2],\"text\":\"1,041.0\"}],\"order\":46,\"text\":\"1,041.0\"},{\"bbox\":[1073.0,1846.1,1144.3,1881.2],\"lines\":[{\"bbox\":[1073.0,1846.1,1144.3,1881.2],\"text\":\"933.7\"}],\"order\":47,\"text\":\"933.7\"},{\"bbox\":[1289.9,1846.1,1361.1,1881.2],\"lines\":[{\"bbox\":[1289.9,1846.1,1361.1,1881.2],\"text\":\"107.3\"}],\"order\":48,\"text\":\"107.3\"},{\"bbox\":[1517.3,1846.1,1593.9,1881.2],\"lines\":[{\"bbox\":[1517.3,1846.1,1593.9,1881.2],\"text\":\"(10.9)\"}],\"order\":49,\"text\":\"(10.9)\"},{\"bbox\":[1731.5,1846.1,1802.8,1881.2],\"lines\":[{\"bbox\":[1731.5,1846.1,1802.8,1881.2],\"text\":\"118.2\"}],\"order\":50,\"text\":\"118.2\"},{\"bbox\":[1943.1,1846.1,2024.9,1881.2],\"lines\":[{\"bbox\":[1943.1,1846.1,2024.9,1881.2],\"text\":\"11.5%\"}],\"order\":51,\"text\":\"11.5%\"},{\"bbox\":[2173.2,1846.1,2255.0,1881.2],\"lines\":[{\"bbox\":[2173.2,1846.1,2255.0,1881.2],\"text\":\"12.7%\"}],\"order\":52,\"text\":\"12.7%\"},{\"bbox\":[1736.8,1896.3,1813.4,1931.5],\"lines\":[{\"bbox\":[1736.8,1896.3,1813.4,1931.5],\"text\":\"(23.1)\"}],\"order\":53,\"text\":\"(23.1)\"},{\"bbox\":[1948.4,1896.3,2035.6,1931.5],\"lines\":[{\"bbox\":[1948.4,1896.3,2035.6,1931.5],\"text\":\"(5.4%)\"}],\"order\":54,\"text\":\"(5.4%)\"},{\"bbox\":[2178.5,1896.3,2265.7,1931.5],\"lines\":[{\"bbox\":[2178.5,1896.3,2265.7,1931.5],\"text\":\"(5.4%)\"}],\"order\":55,\"text\":\"(5.4%)\"},{\"bbox\":[1731.5,1946.6,1802.8,1981.7],\"lines\":[{\"bbox\":[1731.5,1946.6,1802.8,1981.7],\"text\":\"172.7\"}],\"order\":56,\"text\":\"172.7\"},{\"bbox\":[1959.0,1949.2,2024.9,1984.4],\"lines\":[{\"bbox\":[1959.0,1949.2,2024.9,1984.4],\"text\":\"2.1%\"}],\"order\":57,\"text\":\"2.1%\"},{\"bbox\":[2189.1,1949.2,2255.0,1984.4],\"lines\":[{\"bbox\":[2189.1,1949.2,2255.0,1984.4],\"text\":\"2.8%\"}],\"order\":58,\"text\":\"2.8%\"},{\"bbox\":[276.9,1896.3,662.1,1931.5],\"lines\":[{\"bbox\":[276.9,1896.3,662.1,1931.5],\"text\":\"Other non-reportable segments\"}],\"order\":59,\"text\":\"Other non-reportable segments\"},{\"bbox\":[319.3,1949.2,545.7,1984.4],\"lines\":[{\"bbox\":[319.3,1949.2,545.7,1984.4],\"text\":\"Total net revenues\"}],\"order\":60,\"text\":\"Total net revenues\"},{\"bbox\":[829.7,1745.6,924.8,1780.7],\"lines\":[{\"bbox\":[829.7,1745.6,924.8,1780.7],\"text\":\"3,202.9\"}],\"order\":61,\"text\":\"3,202.9\"},{\"bbox\":[967.2,1745.6,983.0,1780.7],\"lines\":[{\"bbox\":[967.2,1745.6,983.0,1780.7],\"text\":\"$\"}],\"order\":62,\"text\":\"$\"},{\"bbox\":[853.5,1896.3,924.8,1931.5],\"lines\":[{\"bbox\":[853.5,1896.3,924.8,1931.5],\"text\":\"409.2\"}],\"order\":63,\"text\":\"409.2\"},{\"bbox\":[747.7,1946.6,763.4,1981.7],\"lines\":[{\"bbox\":[747.7,1946.6,763.4,1981.7],\"text\":\"$\"}],\"order\":64,\"text\":\"$\"},{\"bbox\":[829.7,1946.6,924.8,1981.7],\"lines\":[{\"bbox\":[829.7,1946.6,924.8,1981.7],\"text\":\"6,313.0\"}],\"order\":65,\"text\":\"6,313.0\"},{\"bbox\":[1049.2,1745.6,1144.3,1780.7],\"lines\":[{\"bbox\":[1049.2,1745.6,1144.3,1780.7],\"text\":\"3,231.0\"}],\"order\":66,\"text\":\"3,231.0\"},{\"bbox\":[1186.7,1745.6,1202.5,1780.7],\"lines\":[{\"bbox\":[1186.7,1745.6,1202.5,1780.7],\"text\":\"$\"}],\"order\":67,\"text\":\"$\"},{\"bbox\":[1073.0,1896.3,1144.3,1931.5],\"lines\":[{\"bbox\":[1073.0,1896.3,1144.3,1931.5],\"text\":\"432.6\"}],\"order\":68,\"text\":\"432.6\"},{\"bbox\":[967.2,1946.6,983.0,1981.7],\"lines\":[{\"bbox\":[967.2,1946.6,983.0,1981.7],\"text\":\"$\"}],\"order\":69,\"text\":\"$\"},{\"bbox\":[1049.2,1946.6,1144.3,1981.7],\"lines\":[{\"bbox\":[1049.2,1946.6,1144.3,1981.7],\"text\":\"6,182.3\"}],\"order\":70,\"text\":\"6,182.3\"},{\"bbox\":[1295.2,1745.6,1371.7,1780.7],\"lines\":[{\"bbox\":[1295.2,1745.6,1371.7,1780.7],\"text\":\"(28.1)\"}],\"order\":71,\"text\":\"(28.1)\"},{\"bbox\":[1406.2,1745.6,1422.0,1780.7],\"lines\":[{\"bbox\":[1406.2,1745.6,1422.0,1780.7],\"text\":\"$\"}],\"order\":72,\"text\":\"$\"},{\"bbox\":[1295.2,1896.3,1371.7,1931.5],\"lines\":[{\"bbox\":[1295.2,1896.3,1371.7,1931.5],\"text\":\"(23.4)\"}],\"order\":73,\"text\":\"(23.4)\"},{\"bbox\":[1186.7,1946.6,1202.5,1981.7],\"lines\":[{\"bbox\":[1186.7,1946.6,1202.5,1981.7],\"text\":\"$\"}],\"order\":74,\"text\":\"$\"},{\"bbox\":[1289.9,1946.6,1361.1,1981.7],\"lines\":[{\"bbox\":[1289.9,1946.6,1361.1,1981.7],\"text\":\"130.7\"}],\"order\":75,\"text\":\"130.7\"},{\"bbox\":[1533.2,1745.6,1593.9,1780.7],\"lines\":[{\"bbox\":[1533.2,1745.6,1593.9,1780.7],\"text\":\"(3.3)\"}],\"order\":76,\"text\":\"(3.3)\"},{\"bbox\":[1628.4,1745.6,1644.1,1780.7],\"lines\":[{\"bbox\":[1628.4,1745.6,1644.1,1780.7],\"text\":\"$\"}],\"order\":77,\"text\":\"$\"},{\"bbox\":[1533.2,1896.3,1593.9,1931.5],\"lines\":[{\"bbox\":[1533.2,1896.3,1593.9,1931.5],\"text\":\"(0.3)\"}],\"order\":78,\"text\":\"(0.3)\"},{\"bbox\":[1406.2,1946.6,1422.0,1981.7],\"lines\":[{\"bbox\":[1406.2,1946.6,1422.0,1981.7],\"text\":\"$\"}],\"order\":79,\"text\":\"$\"},{\"bbox\":[1517.3,1946.6,1593.9,1981.7],\"lines\":[{\"bbox\":[1517.3,1946.6,1593.9,1981.7],\"text\":\"(42.0)\"}],\"order\":80,\"text\":\"(42.0)\"},{\"bbox\":[1628.4,1946.6,1644.1,1981.7],\"lines\":[{\"bbox\":[1628.4,1946.6,1644.1,1981.7],\"text\":\"$\"}],\"order\":81,\"text\":\"$\"},{\"bbox\":[2178.5,1745.6,2265.7,1780.7],\"lines\":[{\"bbox\":[2178.5,1745.6,2265.7,1780.7],\"text\":\"(0.8%)\"}],\"order\":82,\"text\":\"(0.8%)\"},{\"bbox\":[150.0,2039.4,2396.9,2117.2],\"lines\":[{\"bbox\":[245.2,2039.4,2396.9,2077.5],\"text\":\"North America net revenues — Net revenues decreased by $28.1 million, or 0.9%, during Fiscal 2019 as compared to Fiscal 2018, including net\"},{\"bbox\":[150.0,2079.1,2038.9,2117.2],\"text\":\"unfavorable foreign currency effects of $3.3 million. On a constant currency basis, net revenues decreased by $24.8 million, or 0.8%.\"}],\"order\":83,\"text\":\"North America net revenues — Net revenues decreased by $28.1 million, or 0.9%, during Fiscal 2019 as compared to Fiscal 2018, including net\\nunfavorable foreign currency effects of $3.3 million. On a constant currency basis, net revenues decreased by $24.8 million, or 0.8%.\"},{\"bbox\":[150.0,2161.1,2398.8,2278.5],\"lines\":[{\"bbox\":[245.2,2161.1,2392.0,2199.1],\"text\":\"The $28.1 million net decline in North America net revenues was driven by a $57.0 million net decrease related to our North America wholesale\"},{\"bbox\":[150.0,2200.7,2398.8,2238.8],\"text\":\"business, largely driven by a strategic reduction of shipments (including within the off-price channel) and points of distribution in connection with our long-\"},{\"bbox\":[150.0,2240.4,452.1,2278.5],\"text\":\"term growth strategy.\"}],\"order\":84,\"text\":\"The $28.1 million net decline in North America net revenues was driven by a $57.0 million net decrease related to our North America wholesale\\nbusiness, largely driven by a strategic reduction of shipments (including within the off-price channel) and points of distribution in connection with our long-\\nterm growth strategy.\"},{\"bbox\":[255.8,2311.8,765.1,2349.9],\"lines\":[{\"bbox\":[255.8,2311.8,765.1,2349.9],\"text\":\"This decline was partially offset by:\"}],\"order\":85,\"text\":\"This decline was partially offset by:\"},{\"bbox\":[276.9,2383.2,288.9,2421.3],\"lines\":[{\"bbox\":[276.9,2383.2,288.9,2421.3],\"text\":\"•\"}],\"order\":86,\"text\":\"•\"},{\"bbox\":[340.4,2383.2,2397.3,2500.6],\"lines\":[{\"bbox\":[340.4,2383.2,2395.9,2421.3],\"text\":\"a $28.9 million net increase related to our North America retail business, inclusive of net unfavorable foreign currency effects of $1.8 million.\"},{\"bbox\":[340.4,2422.9,2397.3,2461.0],\"text\":\"On a constant currency basis, net revenues increased by $30.7 million driven by an increase of $30.3 million in non-comparable store sales. The\"},{\"bbox\":[340.4,2462.6,2063.7,2500.6],\"text\":\"following table summarizes the percentage change in comparable store sales related to our North America retail business:\"}],\"order\":87,\"text\":\"a $28.9 million net increase related to our North America retail business, inclusive of net unfavorable foreign currency effects of $1.8 million.\\nOn a constant currency basis, net revenues increased by $30.7 million driven by an increase of $30.3 million in non-comparable store sales. The\\nfollowing table summarizes the percentage change in comparable store sales related to our North America retail business:\"},{\"bbox\":[1268.7,2668.9,1304.3,2706.9],\"lines\":[{\"bbox\":[1268.7,2668.9,1304.3,2706.9],\"text\":\"45\"}],\"order\":88,\"text\":\"45\"}],\"doc\":\"fintabnet:RL_2019\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Our global average store count increased by 34 stores and concession shops during Fiscal 2019 compared with the prior fiscal year, largely driven by\\nnew openings in Asia. The following table details our retail store presence by segment as of the periods presented:\\n\\nMarch 30,\\n2019\\n\\nMarch 31,\\n2018\\n\\nFreestanding Stores:\\nNorth America\\nEurope\\nAsia\\nOther non-reportable segments\\n\\n224\\n87\\n115\\n75\\n\\n215\\n81\\n105\\n71\\n\\nTotal freestanding stores\\n\\n501\\n\\n472\\n\\nConcession Shops:\\nNorth America\\nEurope\\nAsia\\nOther non-reportable segments\\n\\n2\\n24\\n622\\n5\\n\\n2\\n25\\n603\\n2\\n\\nTotal concession shops\\n\\nTotal stores\\n\\n653\\n\\n632\\n\\n1,154\\n\\n1,104\\n\\nIn addition to our stores, we sell products online in North America and Europe through our various digital commerce sites, which include\\nwww.RalphLauren.com and www.ClubMonaco.com, among others. In Asia, we sell products online through our digital commerce site, www.RalphLauren.cn,\\nwhich launched in September 2018, as well as through various third-party digital partner commerce sites.\\n\\nNet revenues for our segments, as well as a discussion of the changes in each reportable segment's net revenues from the prior fiscal year, are provided\\nbelow:\\n\\nFiscal Years Ended\\n\\nMarch 30,\\n2019\\n\\n$ Change\\n\\nMarch 31,\\n2018\\n\\n$ Change\\n\\nForeign\\nExchange\\nImpact\\n\\nAs\\nReported\\n\\nConstant\\nCurrency\\n\\n% Change\\n\\nAs\\nReported\\n\\nConstant\\nCurrency\\n\\n(millions)\\n\\nNet Revenues:\\n\\nNorth America\\n\\n(24.8)\\n\\n(0.9%)\\n\\nEurope\\n\\n$\\n\\n1,659.9\\n\\n1,585.0\\n\\n74.9\\n\\n(27.5)\\n\\n102.4\\n\\n4.7%\\n\\n6.5%\\n\\nAsia\\n\\n1,041.0\\n\\n933.7\\n\\n107.3\\n\\n(10.9)\\n\\n118.2\\n\\n11.5%\\n\\n12.7%\\n\\n(23.1)\\n\\n(5.4%)\\n\\n(5.4%)\\n\\n172.7\\n\\n2.1%\\n\\n2.8%\\n\\nOther non-reportable segments\\n\\nTotal net revenues\\n\\n3,202.9\\n\\n$\\n\\n409.2\\n\\n$\\n\\n6,313.0\\n\\n3,231.0\\n\\n$\\n\\n432.6\\n\\n$\\n\\n6,182.3\\n\\n(28.1)\\n\\n$\\n\\n(23.4)\\n\\n$\\n\\n130.7\\n\\n(3.3)\\n\\n$\\n\\n(0.3)\\n\\n$\\n\\n(42.0)\\n\\n$\\n\\n(0.8%)\\n\\nNorth America net revenues — Net revenues decreased by $28.1 million, or 0.9%, during Fiscal 2019 as compared to Fiscal 2018, including net\\nunfavorable foreign currency effects of $3.3 million. On a constant currency basis, net revenues decreased by $24.8 million, or 0.8%.\\n\\nThe $28.1 million net decline in North America net revenues was driven by a $57.0 million net decrease related to our North America wholesale\\nbusiness, largely driven by a strategic reduction of shipments (including within the off-price channel) and points of distribution in connection with our long-\\nterm growth strategy.\\n\\nThis decline was partially offset by:\\n\\n•\\n\\na $28.9 million net increase related to our North America retail business, inclusive of net unfavorable foreign currency effects of $1.8 million.\\nOn a constant currency basis, net revenues increased by $30.7 million driven by an increase of $30.3 million in non-comparable store sales. The\\nfollowing table summarizes the percentage change in comparable store sales related to our North America retail business:\\n\\n45\",\"name\":\"fintabnet.RL_2019_page_46__300dpi_none\",\"page_id\":\"fintabnet.RL_2019_page_46\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"RL_2019_page_46\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[250.5,383.3,2261.8,1159.8],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17],\"cells\":null}],\"text\":\"Our global average store count increased by 34 stores and concession shops during Fiscal 2019 compared with the prior fiscal year, largely driven by\\nnew openings in Asia. The following table details our retail store presence by segment as of the periods presented:\\n\\nMarch 30,\\n2019\\n\\nMarch 31,\\n2018\\n\\nFreestanding Stores:\\nNorth America\\nEurope\\nAsia\\nOther non-reportable segments\\n\\n224\\n87\\n115\\n75\\n\\n215\\n81\\n105\\n71\\n\\nTotal freestanding stores\\n\\n501\\n\\n472\\n\\nConcession Shops:\\nNorth America\\nEurope\\nAsia\\nOther non-reportable segments\\n\\n2\\n24\\n622\\n5\\n\\n2\\n25\\n603\\n2\\n\\nTotal concession shops\\n\\nTotal stores\\n\\n653\\n\\n632\\n\\n1,154\\n\\n1,104\\n\\nIn addition to our stores, we sell products online in North America and Europe through our various digital commerce sites, which include\\nwww.RalphLauren.com and www.ClubMonaco.com, among others. In Asia, we sell products online through our digital commerce site, www.RalphLauren.cn,\\nwhich launched in September 2018, as well as through various third-party digital partner commerce sites.\\n\\nNet revenues for our segments, as well as a discussion of the changes in each reportable segment's net revenues from the prior fiscal year, are provided\\nbelow:\\n\\nFiscal Years Ended\\n\\nMarch 30,\\n2019\\n\\n$ Change\\n\\nMarch 31,\\n2018\\n\\n$ Change\\n\\nForeign\\nExchange\\nImpact\\n\\nAs\\nReported\\n\\nConstant\\nCurrency\\n\\n% Change\\n\\nAs\\nReported\\n\\nConstant\\nCurrency\\n\\n(millions)\\n\\nNet Revenues:\\n\\nNorth America\\n\\n(24.8)\\n\\n(0.9%)\\n\\nEurope\\n\\n$\\n\\n1,659.9\\n\\n1,585.0\\n\\n74.9\\n\\n(27.5)\\n\\n102.4\\n\\n4.7%\\n\\n6.5%\\n\\nAsia\\n\\n1,041.0\\n\\n933.7\\n\\n107.3\\n\\n(10.9)\\n\\n118.2\\n\\n11.5%\\n\\n12.7%\\n\\n(23.1)\\n\\n(5.4%)\\n\\n(5.4%)\\n\\n172.7\\n\\n2.1%\\n\\n2.8%\\n\\nOther non-reportable segments\\n\\nTotal net revenues\\n\\n3,202.9\\n\\n$\\n\\n409.2\\n\\n$\\n\\n6,313.0\\n\\n3,231.0\\n\\n$\\n\\n432.6\\n\\n$\\n\\n6,182.3\\n\\n(28.1)\\n\\n$\\n\\n(23.4)\\n\\n$\\n\\n130.7\\n\\n(3.3)\\n\\n$\\n\\n(0.3)\\n\\n$\\n\\n(42.0)\\n\\n$\\n\\n(0.8%)\\n\\nNorth America net revenues — Net revenues decreased by $28.1 million, or 0.9%, during Fiscal 2019 as compared to Fiscal 2018, including net\\nunfavorable foreign currency effects of $3.3 million. On a constant currency basis, net revenues decreased by $24.8 million, or 0.8%.\\n\\nThe $28.1 million net decline in North America net revenues was driven by a $57.0 million net decrease related to our North America wholesale\\nbusiness, largely driven by a strategic reduction of shipments (including within the off-price channel) and points of distribution in connection with our long-\\nterm growth strategy.\\n\\nThis decline was partially offset by:\\n\\n•\\n\\na $28.9 million net increase related to our North America retail business, inclusive of net unfavorable foreign currency effects of $1.8 million.\\nOn a constant currency basis, net revenues increased by $30.7 million driven by an increase of $30.3 million in non-comparable store sales. The\\nfollowing table summarizes the percentage change in comparable store sales related to our North America retail business:\\n\\n45\"},\"name\":\"fintabnet.RL_2019_page_46__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":268645,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:RL_2019\",\"dpi\":300,\"gt_sha256\":\"e95a9313877b20318b293f72d6633343587ade35ab295e27b6e468444edbe760\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.RL_2019_page_46__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.RL_2019_page_46\",\"pdf_sha256\":\"ab2212fc303e70b8f6fea86e1c4c796b10232f2371bb6b4df9c06d01860c8590\",\"px\":[2550,3300],\"scan\":{\"render\":\"00003ff47ffc3ffc7ffc303e7ffe06fc7ffc3ffc7ffe3ffe0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"RL_2019_page_46\",\"src\":{\"file_sha256\":\"e6221282a71cd00d48c56dee86302690fbd77712dc8f68894ba4d0493f0ecbfe\",\"render\":\"00003ff47ffc383c7ffc303e7ffe07fc6ffc3ffc7ffe3ffe0000000000000000\",\"text\":\"2ff7cd789e3675f39aa3f2159724ada3d430bd317fd8812b4115e2f20302b3bd\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ab2212fc303e70b8f6fea86e1c4c796b10232f2371bb6b4df9c06d01860c8590\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ab2212fc303e70b8f6fea86e1c4c796b10232f2371bb6b4df9c06d01860c8590.pdf","asset_sha256":"ab2212fc303e70b8f6fea86e1c4c796b10232f2371bb6b4df9c06d01860c8590","document_id":"fintabnet:RL_2019","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RL_2019_page_46\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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2004\"},{\"bbox\":[96.1,665.6,134.5,674.2],\"lines\":[{\"bbox\":[96.1,665.6,134.5,674.2],\"text\":\"Elisée 250 *#\"}],\"order\":65,\"text\":\"Elisée 250 *#\"},{\"bbox\":[166.9,667.0,347.2,674.2],\"lines\":[{\"bbox\":[166.9,667.0,347.2,674.2],\"text\":\"Ventilator for use in transport and emergency situations.\"}],\"order\":66,\"text\":\"Ventilator for use in transport and emergency situations.\"},{\"bbox\":[504.4,667.0,539.3,674.2],\"lines\":[{\"bbox\":[504.4,667.0,539.3,674.2],\"text\":\"April 2005\"}],\"order\":67,\"text\":\"April 2005\"},{\"bbox\":[94.5,697.5,238.7,712.9],\"lines\":[{\"bbox\":[94.5,697.5,238.7,704.3],\"text\":\"* Not cleared for marketing in the United States\"},{\"bbox\":[94.5,706.1,194.7,712.9],\"text\":\"# Sold outside United States only\"}],\"order\":68,\"text\":\"* Not cleared for marketing in the United States\\n# Sold outside United States only\"},{\"bbox\":[302.1,769.9,317.2,778.0],\"lines\":[{\"bbox\":[302.1,769.9,317.2,778.0],\"text\":\"- 8 -\"}],\"order\":69,\"text\":\"- 8 -\"}],\"doc\":\"fintabnet:RMD_2006\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"AIR FLOW\\nGENERATORS\\n\\nDESCRIPTION\\n\\nVPAP Products\\nVPAP II\\n\\nDATE OF\\nCOMMERCIAL\\nINTRODUCTION\\n\\nBilevel portable device providing different pressure levels for inhalation and exhalation, improved\\npressure switching and reduced noise output and spontaneous breath triggering.\\n\\nMarch 1996\\n\\nCOMFORT\\n\\nBilevel device with limited features.\\n\\nMarch 1996\\n\\nVPAP II ST\\n\\nBilevel portable device with spontaneous and spontaneous/timed breath triggering modes of\\noperation.\\n\\nApril 1996\\n\\nVPAP II ST A\\n\\nBilevel device with alarms.\\n\\nAugust 1998\\n\\nVPAP MAX\\n\\nBilevel ventilatory support system for the treatment of adult patients with respiratory insufficiency or\\nrespiratory failure.\\n\\nNovember 1998\\n\\nMoritz S #*\\n\\nBilevel portable device providing different pressure levels for inhalation and exhalation with\\nintegrated humidifier.\\n\\nOctober 2001\\n\\nMoritz ST #*\\n\\nBilevel ST device with spontaneous and spontaneous/timed breath triggering modes of operation, and\\nwith power failure alarms, system with integrated humidifier.\\n\\nOctober 2001\\n\\nVPAP III\\n\\nUpdated Bilevel portable device encompassing improved pressure synchronization, spontaneous\\nbreath triggering and reduced noise.\\n\\nApril 2003\\n\\nVPAP III ST\\n\\nUpdated Bilevel ST portable device encompassing improved pressure synchronization, spontaneous\\nand spontaneous/timed breath triggering modes of operation and reduced noise.\\n\\nApril 2003\\n\\nAn upgraded Bi-level device with alarm features.\\n\\nAugust 2004\\n\\nThe newest and most highly evolved bilevel device which uses adaptive servo-ventilation technology\\nto treat patients with central sleep apnea, mixed apnea and periodic breathing.\\n\\nMarch 2006\\n\\nVPAP III STA\\n\\nVPAP Adapt SV\\n\\n#\\n\\n# Sold in United States only\\n\\nAIR FLOW\\nGENERATORS\\n\\nVentilation\\nProducts\\nHelia 2 *#\\n\\nDESCRIPTION\\n\\nDATE OF\\nCOMMERCIAL\\nINTRODUCTION\\n\\nDual mode ventilator that combines volumetric and barometric ventilation modes.\\n\\nAugust 1998\\n\\nEole 3 XLS *#\\n\\nVentilator device providing conventional volumetric ventilation through both controlled and assisted-\\ncontrolled ventilation with etv functions.\\n\\nDecember 1999\\n\\nVS Serena *#\\n\\nBi-level ventilator providing all ventilation modes with two pressure levels.\\n\\nJune 2001\\n\\nVS Ultra *#\\n\\nDual mode ventilator that combines volumetric and barometric ventilation from leakage to valve type\\nwith single or double limb circuit.\\n\\nMarch 2002\\n\\nVS Integra *#\\n\\nPressure support ventilator that combines pressure modes with leakage or valve ventilators.\\n\\nMarch 2002\\n\\nElisée 350 *#\\n\\nVentilator for use in Intensive Care Unit combining all conventional ventilation modes, diagnostic and\\nmonitoring functions.\\n\\nDecember 2003\\n\\nElisée 150 *#\\n\\nVentilator device that combines volumetric and barometric ventilation modes with single or double\\nlimb circuit.\\n\\nJune 2004\\n\\nElisée 370 *#\\n\\nVentilator for use in Intensive Care Unit combining all conventional ventilation modes, diagnostic\\nfunctions with external monitoring interface for ventilation loops.\\n\\nSeptember 2004\\n\\nElisée 250 *#\\n\\nVentilator for use in transport and emergency situations.\\n\\nApril 2005\\n\\n* Not cleared for marketing in the United States\\n# Sold outside United States only\\n\\n- 8 -\",\"name\":\"fintabnet.RMD_2006_page_22__72dpi_none\",\"page_id\":\"fintabnet.RMD_2006_page_22\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"RMD_2006_page_22\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[96.1,415.2,564.7,674.7],\"block_orders\":[38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67],\"cells\":null},{\"bbox\":[95.9,52.9,564.7,366.6],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36],\"cells\":null}],\"text\":\"AIR FLOW\\nGENERATORS\\n\\nDESCRIPTION\\n\\nVPAP Products\\nVPAP II\\n\\nDATE OF\\nCOMMERCIAL\\nINTRODUCTION\\n\\nBilevel portable device providing different pressure levels for inhalation and exhalation, improved\\npressure switching and reduced noise output and spontaneous breath triggering.\\n\\nMarch 1996\\n\\nCOMFORT\\n\\nBilevel device with limited features.\\n\\nMarch 1996\\n\\nVPAP II ST\\n\\nBilevel portable device with spontaneous and spontaneous/timed breath triggering modes of\\noperation.\\n\\nApril 1996\\n\\nVPAP II ST A\\n\\nBilevel device with alarms.\\n\\nAugust 1998\\n\\nVPAP MAX\\n\\nBilevel ventilatory support system for the treatment of adult patients with respiratory insufficiency or\\nrespiratory failure.\\n\\nNovember 1998\\n\\nMoritz S #*\\n\\nBilevel portable device providing different pressure levels for inhalation and exhalation with\\nintegrated humidifier.\\n\\nOctober 2001\\n\\nMoritz ST #*\\n\\nBilevel ST device with spontaneous and spontaneous/timed breath triggering modes of operation, and\\nwith power failure alarms, system with integrated humidifier.\\n\\nOctober 2001\\n\\nVPAP III\\n\\nUpdated Bilevel portable device encompassing improved pressure synchronization, spontaneous\\nbreath triggering and reduced noise.\\n\\nApril 2003\\n\\nVPAP III ST\\n\\nUpdated Bilevel ST portable device encompassing improved pressure synchronization, spontaneous\\nand spontaneous/timed breath triggering modes of operation and reduced noise.\\n\\nApril 2003\\n\\nAn upgraded Bi-level device with alarm features.\\n\\nAugust 2004\\n\\nThe newest and most highly evolved bilevel device which uses adaptive servo-ventilation technology\\nto treat patients with central sleep apnea, mixed apnea and periodic breathing.\\n\\nMarch 2006\\n\\nVPAP III STA\\n\\nVPAP Adapt SV\\n\\n#\\n\\n# Sold in United States only\\n\\nAIR FLOW\\nGENERATORS\\n\\nVentilation\\nProducts\\nHelia 2 *#\\n\\nDESCRIPTION\\n\\nDATE OF\\nCOMMERCIAL\\nINTRODUCTION\\n\\nDual mode ventilator that combines volumetric and barometric ventilation modes.\\n\\nAugust 1998\\n\\nEole 3 XLS *#\\n\\nVentilator device providing conventional volumetric ventilation through both controlled and assisted-\\ncontrolled ventilation with etv functions.\\n\\nDecember 1999\\n\\nVS Serena *#\\n\\nBi-level ventilator providing all ventilation modes with two pressure levels.\\n\\nJune 2001\\n\\nVS Ultra *#\\n\\nDual mode ventilator that combines volumetric and barometric ventilation from leakage to valve type\\nwith single or double limb circuit.\\n\\nMarch 2002\\n\\nVS Integra *#\\n\\nPressure support ventilator that combines pressure modes with leakage or valve ventilators.\\n\\nMarch 2002\\n\\nElisée 350 *#\\n\\nVentilator for use in Intensive Care Unit combining all conventional ventilation modes, diagnostic and\\nmonitoring functions.\\n\\nDecember 2003\\n\\nElisée 150 *#\\n\\nVentilator device that combines volumetric and barometric ventilation modes with single or double\\nlimb circuit.\\n\\nJune 2004\\n\\nElisée 370 *#\\n\\nVentilator for use in Intensive Care Unit combining all conventional ventilation modes, diagnostic\\nfunctions with external monitoring interface for ventilation loops.\\n\\nSeptember 2004\\n\\nElisée 250 *#\\n\\nVentilator for use in transport and emergency situations.\\n\\nApril 2005\\n\\n* Not cleared for marketing in the United States\\n# Sold outside United States only\\n\\n- 8 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RMD_2008_page_71\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RMD_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[195.6,67.8,398.4,112.2],\"lines\":[{\"bbox\":[227.4,67.8,366.6,76.8],\"text\":\"R ES M ED I NC . AND S UBSIDIARIES\"},{\"bbox\":[235.8,79.6,358.1,88.7],\"text\":\"Consolidated Balance Sheets\"},{\"bbox\":[247.4,91.4,346.6,100.5],\"text\":\"June 30, 2008 and 2007\"},{\"bbox\":[195.6,103.2,398.4,112.2],\"text\":\"(In thousands, except share and per share data)\"}],\"order\":0,\"text\":\"R ES M ED I NC . AND S UBSIDIARIES\\nConsolidated Balance Sheets\\nJune 30, 2008 and 2007\\n(In thousands, except share and per share data)\"},{\"bbox\":[69.0,140.9,420.3,229.2],\"lines\":[{\"bbox\":[69.0,140.9,91.7,148.6],\"text\":\"Assets\"},{\"bbox\":[69.0,149.4,119.3,157.2],\"text\":\"Current assets:\"},{\"bbox\":[69.0,161.9,158.4,169.7],\"text\":\"Cash and cash equivalents\"},{\"bbox\":[69.0,170.4,169.7,178.2],\"text\":\"Investment securities (note 4)\"},{\"bbox\":[69.0,178.9,420.3,186.7],\"text\":\"Accounts receivable, net of allowance for doubtful accounts of $4,935 and $4,704 at June 30, 2008 and\"},{\"bbox\":[77.5,187.4,139.9,195.2],\"text\":\"2007, respectively\"},{\"bbox\":[69.0,195.9,150.7,203.7],\"text\":\"Inventories, net (note 5)\"},{\"bbox\":[69.0,204.4,178.9,212.2],\"text\":\"Deferred income taxes (note 14)\"},{\"bbox\":[69.0,212.9,151.1,220.7],\"text\":\"Income taxes receivable\"},{\"bbox\":[69.0,221.4,209.9,229.2],\"text\":\"Prepaid expenses and other current assets\"}],\"order\":1,\"text\":\"Assets\\nCurrent assets:\\nCash and cash equivalents\\nInvestment securities (note 4)\\nAccounts receivable, net of allowance for doubtful accounts of $4,935 and $4,704 at June 30, 2008 and\\n2007, respectively\\nInventories, net (note 5)\\nDeferred income taxes (note 14)\\nIncome taxes receivable\\nPrepaid expenses and other current assets\"},{\"bbox\":[444.2,121.6,470.9,135.9],\"lines\":[{\"bbox\":[444.2,121.6,470.9,128.4],\"text\":\"June 30,\"},{\"bbox\":[450.1,129.1,465.1,135.9],\"text\":\"2008\"}],\"order\":2,\"text\":\"June 30,\\n2008\"},{\"bbox\":[492.5,121.6,519.2,135.9],\"lines\":[{\"bbox\":[492.5,121.6,519.2,128.4],\"text\":\"June 30,\"},{\"bbox\":[498.4,129.1,513.4,135.9],\"text\":\"2007\"}],\"order\":3,\"text\":\"June 30,\\n2007\"},{\"bbox\":[438.4,161.9,476.7,178.2],\"lines\":[{\"bbox\":[438.4,161.9,476.7,169.7],\"text\":\"$ 321,078\"},{\"bbox\":[473.8,170.4,476.7,178.2],\"text\":\"-\"}],\"order\":4,\"text\":\"$ 321,078\\n-\"},{\"bbox\":[486.7,161.9,525.0,178.2],\"lines\":[{\"bbox\":[486.7,161.9,525.0,169.7],\"text\":\"$ 257,792\"},{\"bbox\":[501.6,170.4,525.0,178.2],\"text\":\"19,950\"}],\"order\":5,\"text\":\"$ 257,792\\n19,950\"},{\"bbox\":[449.1,187.4,476.7,229.2],\"lines\":[{\"bbox\":[449.1,187.4,476.7,195.2],\"text\":\"192,200\"},{\"bbox\":[449.1,195.9,476.7,203.7],\"text\":\"158,251\"},{\"bbox\":[453.3,204.4,476.7,212.2],\"text\":\"31,355\"},{\"bbox\":[453.3,212.9,476.7,220.7],\"text\":\"17,115\"},{\"bbox\":[453.3,221.4,476.7,229.2],\"text\":\"19,241\"}],\"order\":6,\"text\":\"192,200\\n158,251\\n31,355\\n17,115\\n19,241\"},{\"bbox\":[497.3,187.4,525.0,229.2],\"lines\":[{\"bbox\":[497.3,187.4,525.0,195.2],\"text\":\"167,821\"},{\"bbox\":[497.3,195.9,525.0,203.7],\"text\":\"157,204\"},{\"bbox\":[501.6,204.4,525.0,212.2],\"text\":\"42,109\"},{\"bbox\":[505.8,212.9,525.0,220.7],\"text\":\"7,952\"},{\"bbox\":[501.6,221.4,525.0,229.2],\"text\":\"15,971\"}],\"order\":7,\"text\":\"167,821\\n157,204\\n42,109\\n7,952\\n15,971\"},{\"bbox\":[69.0,236.9,415.3,320.7],\"lines\":[{\"bbox\":[69.0,236.9,135.1,244.7],\"text\":\"Total current assets\"},{\"bbox\":[69.0,249.4,134.9,257.2],\"text\":\"Non-current assets:\"},{\"bbox\":[69.0,261.9,415.3,269.7],\"text\":\"Property, plant and equipment, net of accumulated depreciation of $208,446 and $154,559 at June 30,\"},{\"bbox\":[77.5,270.4,202.1,278.2],\"text\":\"2008 and 2007, respectively (note 7)\"},{\"bbox\":[69.0,278.9,129.9,286.7],\"text\":\"Goodwill (note 8)\"},{\"bbox\":[69.0,287.4,156.5,295.2],\"text\":\"Other intangibles (note 8)\"},{\"bbox\":[69.0,295.9,178.9,303.7],\"text\":\"Deferred income taxes (note 14)\"},{\"bbox\":[69.0,304.4,110.3,312.2],\"text\":\"Other assets\"},{\"bbox\":[69.0,312.9,171.1,320.7],\"text\":\"Investment Securities (note 4)\"}],\"order\":8,\"text\":\"Total current assets\\nNon-current assets:\\nProperty, plant and equipment, net of accumulated depreciation of $208,446 and $154,559 at June 30,\\n2008 and 2007, respectively (note 7)\\nGoodwill (note 8)\\nOther intangibles (note 8)\\nDeferred income taxes (note 14)\\nOther assets\\nInvestment Securities (note 4)\"},{\"bbox\":[449.1,236.9,476.7,244.7],\"lines\":[{\"bbox\":[449.1,236.9,476.7,244.7],\"text\":\"739,240\"}],\"order\":9,\"text\":\"739,240\"},{\"bbox\":[497.3,236.9,525.0,244.7],\"lines\":[{\"bbox\":[497.3,236.9,525.0,244.7],\"text\":\"668,799\"}],\"order\":10,\"text\":\"668,799\"},{\"bbox\":[449.0,270.4,476.7,320.7],\"lines\":[{\"bbox\":[449.0,270.4,476.7,278.2],\"text\":\"357,057\"},{\"bbox\":[449.1,278.9,476.7,286.7],\"text\":\"234,647\"},{\"bbox\":[453.3,287.4,476.7,295.2],\"text\":\"46,771\"},{\"bbox\":[453.3,295.9,476.7,303.7],\"text\":\"16,162\"},{\"bbox\":[457.6,304.4,476.7,312.2],\"text\":\"7,508\"},{\"bbox\":[457.6,312.9,476.7,320.7],\"text\":\"4,615\"}],\"order\":11,\"text\":\"357,057\\n234,647\\n46,771\\n16,162\\n7,508\\n4,615\"},{\"bbox\":[497.3,270.4,525.0,320.7],\"lines\":[{\"bbox\":[497.3,270.4,525.0,278.2],\"text\":\"310,580\"},{\"bbox\":[497.3,278.9,525.0,286.7],\"text\":\"206,778\"},{\"bbox\":[501.6,287.4,525.0,295.2],\"text\":\"46,575\"},{\"bbox\":[505.8,295.9,525.0,303.7],\"text\":\"9,206\"},{\"bbox\":[501.6,304.4,525.0,312.2],\"text\":\"10,104\"},{\"bbox\":[522.2,312.9,525.0,320.7],\"text\":\"-\"}],\"order\":12,\"text\":\"310,580\\n206,778\\n46,575\\n9,206\\n10,104\\n-\"},{\"bbox\":[69.0,328.4,150.7,336.2],\"lines\":[{\"bbox\":[69.0,328.4,150.7,336.2],\"text\":\"Total non-current assets\"}],\"order\":13,\"text\":\"Total non-current assets\"},{\"bbox\":[449.1,328.4,476.7,336.2],\"lines\":[{\"bbox\":[449.1,328.4,476.7,336.2],\"text\":\"666,760\"}],\"order\":14,\"text\":\"666,760\"},{\"bbox\":[497.3,328.4,525.0,336.2],\"lines\":[{\"bbox\":[497.3,328.4,525.0,336.2],\"text\":\"583,243\"}],\"order\":15,\"text\":\"583,243\"},{\"bbox\":[438.4,346.9,476.6,354.7],\"lines\":[{\"bbox\":[438.4,346.9,476.6,354.7],\"text\":\"$1,406,000\"}],\"order\":16,\"text\":\"$1,406,000\"},{\"bbox\":[486.7,346.9,524.9,354.7],\"lines\":[{\"bbox\":[486.7,346.9,524.9,354.7],\"text\":\"$1,252,042\"}],\"order\":17,\"text\":\"$1,252,042\"},{\"bbox\":[438.4,385.4,442.6,393.2],\"lines\":[{\"bbox\":[438.4,385.4,442.6,393.2],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[486.7,385.4,490.9,393.2],\"lines\":[{\"bbox\":[486.7,385.4,490.9,393.2],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[69.0,346.9,108.9,354.7],\"lines\":[{\"bbox\":[69.0,346.9,108.9,354.7],\"text\":\"Total assets\"}],\"order\":20,\"text\":\"Total assets\"},{\"bbox\":[69.0,364.4,216.4,494.7],\"lines\":[{\"bbox\":[69.0,364.4,200.2,372.1],\"text\":\"Liabilities and Stockholders’ Equity\"},{\"bbox\":[69.0,372.9,131.1,380.7],\"text\":\"Current liabilities:\"},{\"bbox\":[69.0,385.4,129.6,393.2],\"text\":\"Accounts payable\"},{\"bbox\":[69.0,393.9,187.7,401.7],\"text\":\"Accrued expenses (notes 9 and 20)\"},{\"bbox\":[69.0,402.4,128.3,410.2],\"text\":\"Deferred revenue\"},{\"bbox\":[69.0,410.9,142.6,418.7],\"text\":\"Income taxes payable\"},{\"bbox\":[69.0,419.4,178.9,427.2],\"text\":\"Deferred income taxes (note 14)\"},{\"bbox\":[69.0,427.9,216.4,435.7],\"text\":\"Current portion of long-term debt (note 10)\"},{\"bbox\":[69.0,440.4,146.9,448.2],\"text\":\"Total current liabilities\"},{\"bbox\":[69.0,452.9,146.7,460.7],\"text\":\"Non-current liabilities:\"},{\"bbox\":[69.0,461.4,178.9,469.2],\"text\":\"Deferred income taxes (note 14)\"},{\"bbox\":[69.0,469.9,128.3,477.7],\"text\":\"Deferred revenue\"},{\"bbox\":[69.0,478.4,155.2,486.2],\"text\":\"Long-term debt (note 10)\"},{\"bbox\":[69.0,486.9,142.6,494.7],\"text\":\"Income taxes payable\"}],\"order\":21,\"text\":\"Liabilities and Stockholders’ Equity\\nCurrent liabilities:\\nAccounts payable\\nAccrued expenses (notes 9 and 20)\\nDeferred revenue\\nIncome taxes payable\\nDeferred income taxes (note 14)\\nCurrent portion of long-term debt (note 10)\\nTotal current liabilities\\nNon-current liabilities:\\nDeferred income taxes (note 14)\\nDeferred revenue\\nLong-term debt (note 10)\\nIncome taxes payable\"},{\"bbox\":[449.1,385.4,476.7,448.2],\"lines\":[{\"bbox\":[453.3,385.4,476.7,393.2],\"text\":\"56,308\"},{\"bbox\":[453.3,393.9,476.7,401.7],\"text\":\"61,338\"},{\"bbox\":[453.3,402.4,476.7,410.2],\"text\":\"26,133\"},{\"bbox\":[457.6,410.9,476.7,418.7],\"text\":\"3,799\"},{\"bbox\":[457.6,419.4,476.7,427.2],\"text\":\"1,150\"},{\"bbox\":[453.3,427.9,476.7,435.7],\"text\":\"43,865\"},{\"bbox\":[449.1,440.4,476.7,448.2],\"text\":\"192,593\"}],\"order\":22,\"text\":\"56,308\\n61,338\\n26,133\\n3,799\\n1,150\\n43,865\\n192,593\"},{\"bbox\":[497.3,385.4,525.0,448.2],\"lines\":[{\"bbox\":[501.6,385.4,525.0,393.2],\"text\":\"53,039\"},{\"bbox\":[501.6,393.9,525.0,401.7],\"text\":\"98,324\"},{\"bbox\":[501.6,402.4,525.0,410.2],\"text\":\"18,865\"},{\"bbox\":[505.8,410.9,525.0,418.7],\"text\":\"3,410\"},{\"bbox\":[512.3,419.4,525.0,427.2],\"text\":\"415\"},{\"bbox\":[501.6,427.9,525.0,435.7],\"text\":\"28,350\"},{\"bbox\":[497.3,440.4,525.0,448.2],\"text\":\"202,403\"}],\"order\":23,\"text\":\"53,039\\n98,324\\n18,865\\n3,410\\n415\\n28,350\\n202,403\"},{\"bbox\":[453.3,461.4,476.7,494.7],\"lines\":[{\"bbox\":[453.3,461.4,476.7,469.2],\"text\":\"18,333\"},{\"bbox\":[453.3,469.9,476.7,477.7],\"text\":\"15,673\"},{\"bbox\":[453.3,478.4,476.7,486.2],\"text\":\"93,789\"},{\"bbox\":[457.6,486.9,476.7,494.7],\"text\":\"3,837\"}],\"order\":24,\"text\":\"18,333\\n15,673\\n93,789\\n3,837\"},{\"bbox\":[501.6,461.4,525.0,494.7],\"lines\":[{\"bbox\":[501.6,461.4,525.0,469.2],\"text\":\"18,297\"},{\"bbox\":[501.6,469.9,525.0,477.7],\"text\":\"12,472\"},{\"bbox\":[501.6,478.4,525.0,486.2],\"text\":\"87,648\"},{\"bbox\":[522.2,486.9,525.0,494.7],\"text\":\"-\"}],\"order\":25,\"text\":\"18,297\\n12,472\\n87,648\\n-\"},{\"bbox\":[69.0,502.4,162.5,510.2],\"lines\":[{\"bbox\":[69.0,502.4,162.5,510.2],\"text\":\"Total non-current liabilities\"}],\"order\":26,\"text\":\"Total non-current liabilities\"},{\"bbox\":[449.1,502.4,476.7,510.2],\"lines\":[{\"bbox\":[449.1,502.4,476.7,510.2],\"text\":\"131,632\"}],\"order\":27,\"text\":\"131,632\"},{\"bbox\":[497.3,502.4,525.0,510.2],\"lines\":[{\"bbox\":[497.3,502.4,525.0,510.2],\"text\":\"118,417\"}],\"order\":28,\"text\":\"118,417\"},{\"bbox\":[69.0,520.9,120.7,528.7],\"lines\":[{\"bbox\":[69.0,520.9,120.7,528.7],\"text\":\"Total liabilities\"}],\"order\":29,\"text\":\"Total liabilities\"},{\"bbox\":[449.1,520.9,476.7,528.7],\"lines\":[{\"bbox\":[449.1,520.9,476.7,528.7],\"text\":\"324,225\"}],\"order\":30,\"text\":\"324,225\"},{\"bbox\":[497.3,520.9,525.0,528.7],\"lines\":[{\"bbox\":[497.3,520.9,525.0,528.7],\"text\":\"320,820\"}],\"order\":31,\"text\":\"320,820\"},{\"bbox\":[473.8,536.4,476.7,544.2],\"lines\":[{\"bbox\":[473.8,536.4,476.7,544.2],\"text\":\"-\"}],\"order\":32,\"text\":\"-\"},{\"bbox\":[522.1,536.4,525.0,544.2],\"lines\":[{\"bbox\":[522.1,536.4,525.0,544.2],\"text\":\"-\"}],\"order\":33,\"text\":\"-\"},{\"bbox\":[69.0,536.4,420.6,624.7],\"lines\":[{\"bbox\":[69.0,536.4,254.4,544.2],\"text\":\"Commitments and contingencies (notes 17, 18 and 19)\"},{\"bbox\":[69.0,548.9,175.0,556.7],\"text\":\"Stockholders’ equity: (note 12)\"},{\"bbox\":[69.0,557.4,321.7,565.2],\"text\":\"Preferred stock, $0.01 par value, 2,000,000 shares authorized; none issued\"},{\"bbox\":[69.0,565.9,420.6,573.7],\"text\":\"Common stock, $0.004 par value, 200,000,000 shares authorized; issued and outstanding 75,975,031 at\"},{\"bbox\":[77.5,574.4,412.3,582.2],\"text\":\"June 30, 2008 and 77,617,450 at June 30, 2007 (excluding 4,875,618 and 2,304,918 shares held as\"},{\"bbox\":[77.5,582.9,173.8,590.7],\"text\":\"Treasury stock respectively)\"},{\"bbox\":[69.0,591.4,156.3,599.2],\"text\":\"Additional paid-in capital\"},{\"bbox\":[69.0,599.9,130.0,607.7],\"text\":\"Retained earnings\"},{\"bbox\":[69.0,608.4,145.5,616.2],\"text\":\"Treasury stock, at cost\"},{\"bbox\":[69.0,616.9,243.2,624.7],\"text\":\"Accumulated other comprehensive income (note 6)\"}],\"order\":34,\"text\":\"Commitments and contingencies (notes 17, 18 and 19)\\nStockholders’ equity: (note 12)\\nPreferred stock, $0.01 par value, 2,000,000 shares authorized; none issued\\nCommon stock, $0.004 par value, 200,000,000 shares authorized; issued and outstanding 75,975,031 at\\nJune 30, 2008 and 77,617,450 at June 30, 2007 (excluding 4,875,618 and 2,304,918 shares held as\\nTreasury stock respectively)\\nAdditional paid-in capital\\nRetained earnings\\nTreasury stock, at cost\\nAccumulated other comprehensive income (note 6)\"},{\"bbox\":[473.8,557.4,476.7,565.2],\"lines\":[{\"bbox\":[473.8,557.4,476.7,565.2],\"text\":\"-\"}],\"order\":35,\"text\":\"-\"},{\"bbox\":[522.1,557.4,525.0,565.2],\"lines\":[{\"bbox\":[522.1,557.4,525.0,565.2],\"text\":\"-\"}],\"order\":36,\"text\":\"-\"},{\"bbox\":[446.2,582.9,479.5,624.7],\"lines\":[{\"bbox\":[463.9,582.9,476.7,590.7],\"text\":\"304\"},{\"bbox\":[449.1,591.4,476.7,599.2],\"text\":\"468,346\"},{\"bbox\":[449.1,599.9,476.7,607.7],\"text\":\"548,343\"},{\"bbox\":[446.2,608.4,479.5,616.2],\"text\":\"(142,987)\"},{\"bbox\":[449.0,616.9,476.7,624.7],\"text\":\"207,769\"}],\"order\":37,\"text\":\"304\\n468,346\\n548,343\\n(142,987)\\n207,769\"},{\"bbox\":[497.3,582.9,527.8,624.7],\"lines\":[{\"bbox\":[512.2,582.9,525.0,590.7],\"text\":\"311\"},{\"bbox\":[497.3,591.4,525.0,599.2],\"text\":\"421,701\"},{\"bbox\":[497.3,599.9,525.0,607.7],\"text\":\"436,954\"},{\"bbox\":[498.7,608.4,527.8,616.2],\"text\":\"(43,497)\"},{\"bbox\":[497.3,616.9,525.0,624.7],\"text\":\"115,753\"}],\"order\":38,\"text\":\"311\\n421,701\\n436,954\\n(43,497)\\n115,753\"},{\"bbox\":[69.0,632.4,158.2,640.2],\"lines\":[{\"bbox\":[69.0,632.4,158.2,640.2],\"text\":\"Total stockholders’ equity\"}],\"order\":39,\"text\":\"Total stockholders’ equity\"},{\"bbox\":[442.6,632.4,476.6,640.2],\"lines\":[{\"bbox\":[442.6,632.4,476.6,640.2],\"text\":\"1,081,775\"}],\"order\":40,\"text\":\"1,081,775\"},{\"bbox\":[497.3,632.4,525.0,640.2],\"lines\":[{\"bbox\":[497.3,632.4,525.0,640.2],\"text\":\"931,222\"}],\"order\":41,\"text\":\"931,222\"},{\"bbox\":[69.0,650.9,206.2,658.7],\"lines\":[{\"bbox\":[69.0,650.9,206.2,658.7],\"text\":\"Total liabilities and stockholders’ equity\"}],\"order\":42,\"text\":\"Total liabilities and stockholders’ equity\"},{\"bbox\":[438.4,650.9,476.6,658.7],\"lines\":[{\"bbox\":[438.4,650.9,476.6,658.7],\"text\":\"$1,406,000\"}],\"order\":43,\"text\":\"$1,406,000\"},{\"bbox\":[486.7,650.9,524.9,658.7],\"lines\":[{\"bbox\":[486.7,650.9,524.9,658.7],\"text\":\"$1,252,042\"}],\"order\":44,\"text\":\"$1,252,042\"},{\"bbox\":[173.3,680.0,420.6,689.2],\"lines\":[{\"bbox\":[173.3,680.0,420.6,689.2],\"text\":\"See accompanying notes to consolidated financial statements.\"}],\"order\":45,\"text\":\"See accompanying notes to consolidated financial statements.\"},{\"bbox\":[291.7,704.0,302.2,713.2],\"lines\":[{\"bbox\":[291.7,704.0,302.2,713.2],\"text\":\"F2\"}],\"order\":46,\"text\":\"F2\"}],\"doc\":\"fintabnet:RMD_2008\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"R ES M ED I NC . AND S UBSIDIARIES\\nConsolidated Balance Sheets\\nJune 30, 2008 and 2007\\n(In thousands, except share and per share data)\\n\\nAssets\\nCurrent assets:\\nCash and cash equivalents\\nInvestment securities (note 4)\\nAccounts receivable, net of allowance for doubtful accounts of $4,935 and $4,704 at June 30, 2008 and\\n2007, respectively\\nInventories, net (note 5)\\nDeferred income taxes (note 14)\\nIncome taxes receivable\\nPrepaid expenses and other current assets\\n\\nJune 30,\\n2008\\n\\nJune 30,\\n2007\\n\\n$ 321,078\\n-\\n\\n$ 257,792\\n19,950\\n\\n192,200\\n158,251\\n31,355\\n17,115\\n19,241\\n\\n167,821\\n157,204\\n42,109\\n7,952\\n15,971\\n\\nTotal current assets\\nNon-current assets:\\nProperty, plant and equipment, net of accumulated depreciation of $208,446 and $154,559 at June 30,\\n2008 and 2007, respectively (note 7)\\nGoodwill (note 8)\\nOther intangibles (note 8)\\nDeferred income taxes (note 14)\\nOther assets\\nInvestment Securities (note 4)\\n\\n739,240\\n\\n668,799\\n\\n357,057\\n234,647\\n46,771\\n16,162\\n7,508\\n4,615\\n\\n310,580\\n206,778\\n46,575\\n9,206\\n10,104\\n-\\n\\nTotal non-current assets\\n\\n666,760\\n\\n583,243\\n\\n$1,406,000\\n\\n$1,252,042\\n\\n$\\n\\n$\\n\\nTotal assets\\n\\nLiabilities and Stockholders’ Equity\\nCurrent liabilities:\\nAccounts payable\\nAccrued expenses (notes 9 and 20)\\nDeferred revenue\\nIncome taxes payable\\nDeferred income taxes (note 14)\\nCurrent portion of long-term debt (note 10)\\nTotal current liabilities\\nNon-current liabilities:\\nDeferred income taxes (note 14)\\nDeferred revenue\\nLong-term debt (note 10)\\nIncome taxes payable\\n\\n56,308\\n61,338\\n26,133\\n3,799\\n1,150\\n43,865\\n192,593\\n\\n53,039\\n98,324\\n18,865\\n3,410\\n415\\n28,350\\n202,403\\n\\n18,333\\n15,673\\n93,789\\n3,837\\n\\n18,297\\n12,472\\n87,648\\n-\\n\\nTotal non-current liabilities\\n\\n131,632\\n\\n118,417\\n\\nTotal liabilities\\n\\n324,225\\n\\n320,820\\n\\n-\\n\\n-\\n\\nCommitments and contingencies (notes 17, 18 and 19)\\nStockholders’ equity: (note 12)\\nPreferred stock, $0.01 par value, 2,000,000 shares authorized; none issued\\nCommon stock, $0.004 par value, 200,000,000 shares authorized; issued and outstanding 75,975,031 at\\nJune 30, 2008 and 77,617,450 at June 30, 2007 (excluding 4,875,618 and 2,304,918 shares held as\\nTreasury stock respectively)\\nAdditional paid-in capital\\nRetained earnings\\nTreasury stock, at cost\\nAccumulated other comprehensive income (note 6)\\n\\n-\\n\\n-\\n\\n304\\n468,346\\n548,343\\n(142,987)\\n207,769\\n\\n311\\n421,701\\n436,954\\n(43,497)\\n115,753\\n\\nTotal stockholders’ equity\\n\\n1,081,775\\n\\n931,222\\n\\nTotal liabilities and stockholders’ equity\\n\\n$1,406,000\\n\\n$1,252,042\\n\\nSee accompanying notes to consolidated financial statements.\\n\\nF2\",\"name\":\"fintabnet.RMD_2008_page_71__72dpi_mild\",\"page_id\":\"fintabnet.RMD_2008_page_71\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"RMD_2008_page_71\",\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.556},{\"op\":\"jpeg\",\"q\":79}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[69.0,119.9,527.8,658.7],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44],\"cells\":null}],\"text\":\"R ES M ED I NC . AND S UBSIDIARIES\\nConsolidated Balance Sheets\\nJune 30, 2008 and 2007\\n(In thousands, except share and per share data)\\n\\nAssets\\nCurrent assets:\\nCash and cash equivalents\\nInvestment securities (note 4)\\nAccounts receivable, net of allowance for doubtful accounts of $4,935 and $4,704 at June 30, 2008 and\\n2007, respectively\\nInventories, net (note 5)\\nDeferred income taxes (note 14)\\nIncome taxes receivable\\nPrepaid expenses and other current assets\\n\\nJune 30,\\n2008\\n\\nJune 30,\\n2007\\n\\n$ 321,078\\n-\\n\\n$ 257,792\\n19,950\\n\\n192,200\\n158,251\\n31,355\\n17,115\\n19,241\\n\\n167,821\\n157,204\\n42,109\\n7,952\\n15,971\\n\\nTotal current assets\\nNon-current assets:\\nProperty, plant and equipment, net of accumulated depreciation of $208,446 and $154,559 at June 30,\\n2008 and 2007, respectively (note 7)\\nGoodwill (note 8)\\nOther intangibles (note 8)\\nDeferred income taxes (note 14)\\nOther assets\\nInvestment Securities (note 4)\\n\\n739,240\\n\\n668,799\\n\\n357,057\\n234,647\\n46,771\\n16,162\\n7,508\\n4,615\\n\\n310,580\\n206,778\\n46,575\\n9,206\\n10,104\\n-\\n\\nTotal non-current assets\\n\\n666,760\\n\\n583,243\\n\\n$1,406,000\\n\\n$1,252,042\\n\\n$\\n\\n$\\n\\nTotal assets\\n\\nLiabilities and Stockholders’ Equity\\nCurrent liabilities:\\nAccounts payable\\nAccrued expenses (notes 9 and 20)\\nDeferred revenue\\nIncome taxes payable\\nDeferred income taxes (note 14)\\nCurrent portion of long-term debt (note 10)\\nTotal current liabilities\\nNon-current liabilities:\\nDeferred income taxes (note 14)\\nDeferred revenue\\nLong-term debt (note 10)\\nIncome taxes payable\\n\\n56,308\\n61,338\\n26,133\\n3,799\\n1,150\\n43,865\\n192,593\\n\\n53,039\\n98,324\\n18,865\\n3,410\\n415\\n28,350\\n202,403\\n\\n18,333\\n15,673\\n93,789\\n3,837\\n\\n18,297\\n12,472\\n87,648\\n-\\n\\nTotal non-current liabilities\\n\\n131,632\\n\\n118,417\\n\\nTotal liabilities\\n\\n324,225\\n\\n320,820\\n\\n-\\n\\n-\\n\\nCommitments and contingencies (notes 17, 18 and 19)\\nStockholders’ equity: (note 12)\\nPreferred stock, $0.01 par value, 2,000,000 shares authorized; none issued\\nCommon stock, $0.004 par value, 200,000,000 shares authorized; issued and outstanding 75,975,031 at\\nJune 30, 2008 and 77,617,450 at June 30, 2007 (excluding 4,875,618 and 2,304,918 shares held as\\nTreasury stock respectively)\\nAdditional paid-in capital\\nRetained earnings\\nTreasury stock, at cost\\nAccumulated other comprehensive income (note 6)\\n\\n-\\n\\n-\\n\\n304\\n468,346\\n548,343\\n(142,987)\\n207,769\\n\\n311\\n421,701\\n436,954\\n(43,497)\\n115,753\\n\\nTotal stockholders’ equity\\n\\n1,081,775\\n\\n931,222\\n\\nTotal liabilities and stockholders’ equity\\n\\n$1,406,000\\n\\n$1,252,042\\n\\nSee accompanying notes to consolidated financial statements.\\n\\nF2\"},\"name\":\"fintabnet.RMD_2008_page_71__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":51870,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:RMD_2008\",\"dpi\":72,\"gt_sha256\":\"7d228ffc96c06cd8a621a6c77d8e326030d0b2e0ac8ad736802424b31f6022fd\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.RMD_2008_page_71__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.RMD_2008_page_71\",\"pdf_sha256\":\"baf1b919cf43388cf43adc6de9660d5bb1bb4fa4338cbc540e5a9cfade7a68cf\",\"px\":[594,774],\"scan\":{\"render\":\"000003c003ec380c380c3c0c380c380c380e300c300c3fe03c0e380c02c00000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"RMD_2008_page_71\",\"src\":{\"file_sha256\":\"ee7730f54a1febb1e644b186d401b5c0cf54ee9aa8a27bc6968a9afdde139217\",\"render\":\"000003c007cc380c380c3c0c380c380c380c300c300c3fe0380c380c03e00000\",\"text\":\"17048acaa7263c8bc2bf71914f294c4835e7d5a29820fbadc9444572e0bd17c9\"},\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.556},{\"op\":\"jpeg\",\"q\":79}],\"tools\":\"21647cade0ee\"},\"sha256\":\"baf1b919cf43388cf43adc6de9660d5bb1bb4fa4338cbc540e5a9cfade7a68cf\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/baf1b919cf43388cf43adc6de9660d5bb1bb4fa4338cbc540e5a9cfade7a68cf.pdf","asset_sha256":"baf1b919cf43388cf43adc6de9660d5bb1bb4fa4338cbc540e5a9cfade7a68cf","document_id":"fintabnet:RMD_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RMD_2008_page_71\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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AND S UBSIDIARIES\\nNotes to Consolidated Financial Statements\"},{\"bbox\":[79.8,95.3,174.3,108.2],\"lines\":[{\"bbox\":[79.8,95.3,174.3,108.2],\"text\":\"(9) Accrued Expenses\"}],\"order\":1,\"text\":\"(9) Accrued Expenses\"},{\"bbox\":[99.1,114.1,439.0,136.5],\"lines\":[{\"bbox\":[99.1,114.1,439.0,136.5],\"text\":\"Accrued expenses at June 30, 2008 and 2007 consist of the following (in thousands):\"}],\"order\":2,\"text\":\"Accrued expenses at June 30, 2008 and 2007 consist of the following (in thousands):\"},{\"bbox\":[453.3,149.3,469.6,157.2],\"lines\":[{\"bbox\":[453.3,149.3,469.6,157.2],\"text\":\"2008\"}],\"order\":3,\"text\":\"2008\"},{\"bbox\":[497.8,151.1,514.1,158.9],\"lines\":[{\"bbox\":[497.8,151.1,514.1,158.9],\"text\":\"2007\"}],\"order\":4,\"text\":\"2007\"},{\"bbox\":[441.1,165.6,477.2,260.0],\"lines\":[{\"bbox\":[444.4,165.6,477.2,176.0],\"text\":\"$ 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7,040\"},{\"bbox\":[498.4,179.7,521.2,189.7],\"text\":\"3,764\"},{\"bbox\":[497.9,191.7,520.7,201.7],\"text\":\"8,212\"},{\"bbox\":[492.4,203.5,520.3,213.7],\"text\":\"23,942\"},{\"bbox\":[497.0,215.7,519.8,225.7],\"text\":\"3,828\"},{\"bbox\":[496.5,227.7,519.3,237.7],\"text\":\"1,168\"},{\"bbox\":[491.0,239.5,518.9,249.7],\"text\":\"45,098\"},{\"bbox\":[495.6,251.7,518.4,261.7],\"text\":\"5,272\"}],\"order\":6,\"text\":\"$ 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lease\"},{\"bbox\":[436.0,368.4,469.3,390.9],\"lines\":[{\"bbox\":[436.5,368.4,469.3,378.9],\"text\":\"$43,775\"},{\"bbox\":[458.5,381.3,468.8,390.9],\"text\":\"90\"}],\"order\":12,\"text\":\"$43,775\\n90\"},{\"bbox\":[480.5,370.2,513.8,392.6],\"lines\":[{\"bbox\":[480.9,370.2,513.8,380.6],\"text\":\"$28,272\"},{\"bbox\":[503.0,383.0,513.3,392.6],\"text\":\"78\"}],\"order\":13,\"text\":\"$28,272\\n78\"},{\"bbox\":[98.4,388.3,233.4,402.7],\"lines\":[{\"bbox\":[98.4,388.3,233.4,402.7],\"text\":\"Current portion of long-term debt\"}],\"order\":14,\"text\":\"Current portion of long-term debt\"},{\"bbox\":[435.2,401.4,468.0,411.8],\"lines\":[{\"bbox\":[435.2,401.4,468.0,411.8],\"text\":\"$43,865\"}],\"order\":15,\"text\":\"$43,865\"},{\"bbox\":[479.7,403.2,512.5,413.6],\"lines\":[{\"bbox\":[479.7,403.2,512.5,413.6],\"text\":\"$28,350\"}],\"order\":16,\"text\":\"$28,350\"},{\"bbox\":[97.3,406.3,160.6,429.9],\"lines\":[{\"bbox\":[97.7,406.3,160.6,417.9],\"text\":\"Long-term 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and\"},{\"bbox\":[83.7,510.8,519.7,536.9],\"text\":\"ResMed EAP Holdings Inc. entered into a Second Amended and Restated Revolving Loan Agreement with\"},{\"bbox\":[83.2,522.8,519.2,548.9],\"text\":\"Union Bank of California, N.A. as administrative agent for the Lenders (the “Loan Agreement”), that\"},{\"bbox\":[82.7,534.8,518.7,560.9],\"text\":\"provides for a revolving loan of up to $65 million. 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At June 30, 2008 there was $35 million outstanding pursuant to the Loan Agreement.\"}],\"order\":27,\"text\":\"On March 13, 2006, our wholly-owned subsidiaries ResMed Corp., ResMed Motor Technologies Inc. and\\nResMed EAP Holdings Inc. entered into a Second Amended and Restated Revolving Loan Agreement with\\nUnion Bank of California, N.A. as administrative agent for the Lenders (the “Loan Agreement”), that\\nprovides for a revolving loan of up to $65 million. Payment of principal must be made to reduce the total\\noutstanding principal to $55 million on March 1, 2009; and the entire outstanding principal amount must be\\nrepaid in full before March 1, 2011. The outstanding principal amount due under the loan will bear interest\\nat a rate equal to LIBOR plus 0.75% to 1.00% (depending on the applicable leverage ratio). 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AND S UBSIDIARIES\\nNotes to Consolidated Financial Statements\\n\\n(9) Accrued Expenses\\n\\nAccrued expenses at June 30, 2008 and 2007 consist of the following (in thousands):\\n\\n2008\\n\\n2007\\n\\n$ 6,863\\n3,638\\n7,707\\n32,405\\n4,160\\n1,358\\n1,028\\n4,179\\n\\n$ 7,040\\n3,764\\n8,212\\n23,942\\n3,828\\n1,168\\n45,098\\n5,272\\n\\n$61,338\\n\\n$98,324\\n\\n2008\\n\\n2007\\n\\nLong-term loan\\nCapital lease\\n\\n$43,775\\n90\\n\\n$28,272\\n78\\n\\nCurrent portion of long-term debt\\n\\n$43,865\\n\\n$28,350\\n\\nLong-term loan\\nCapital lease\\n\\n$93,314\\n475\\n\\n$87,162\\n486\\n\\nNon-current portion of long-term debt\\n\\n$93,789\\n\\n$87,648\\n\\nProduct warranties\\nConsulting and professional fees\\nValue added taxes and other taxes due\\nEmployee related costs\\nMarketing and promotional programs\\nCustomer advance\\nVoluntary product recall (Note 20)\\nOther\\n\\n(10) Long-term Debt\\n\\nLong-term debt at June 30, 2008 and 2007 consists of the following (in thousands):\\n\\nRevolving Facility\\n\\nOn March 13, 2006, our wholly-owned subsidiaries ResMed Corp., ResMed Motor Technologies Inc. and\\nResMed EAP Holdings Inc. entered into a Second Amended and Restated Revolving Loan Agreement with\\nUnion Bank of California, N.A. as administrative agent for the Lenders (the “Loan Agreement”), that\\nprovides for a revolving loan of up to $65 million. 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AND S UBSIDIARIES\\nNotes to Consolidated Financial Statements\\n\\n(9) Accrued Expenses\\n\\nAccrued expenses at June 30, 2008 and 2007 consist of the following (in thousands):\\n\\n2008\\n\\n2007\\n\\n$ 6,863\\n3,638\\n7,707\\n32,405\\n4,160\\n1,358\\n1,028\\n4,179\\n\\n$ 7,040\\n3,764\\n8,212\\n23,942\\n3,828\\n1,168\\n45,098\\n5,272\\n\\n$61,338\\n\\n$98,324\\n\\n2008\\n\\n2007\\n\\nLong-term loan\\nCapital lease\\n\\n$43,775\\n90\\n\\n$28,272\\n78\\n\\nCurrent portion of long-term debt\\n\\n$43,865\\n\\n$28,350\\n\\nLong-term loan\\nCapital lease\\n\\n$93,314\\n475\\n\\n$87,162\\n486\\n\\nNon-current portion of long-term debt\\n\\n$93,789\\n\\n$87,648\\n\\nProduct warranties\\nConsulting and professional fees\\nValue added taxes and other taxes due\\nEmployee related costs\\nMarketing and promotional programs\\nCustomer advance\\nVoluntary product recall (Note 20)\\nOther\\n\\n(10) Long-term Debt\\n\\nLong-term debt at June 30, 2008 and 2007 consists of the following (in thousands):\\n\\nRevolving Facility\\n\\nOn March 13, 2006, our wholly-owned subsidiaries ResMed Corp., ResMed Motor Technologies Inc. and\\nResMed EAP Holdings Inc. entered into a Second Amended and Restated Revolving Loan Agreement with\\nUnion Bank of California, N.A. as administrative agent for the Lenders (the “Loan Agreement”), that\\nprovides for a revolving loan of up to $65 million. Payment of principal must be made to reduce the total\\noutstanding principal to $55 million on March 1, 2009; and the entire outstanding principal amount must be\\nrepaid in full before March 1, 2011. The outstanding principal amount due under the loan will bear interest\\nat a rate equal to LIBOR plus 0.75% to 1.00% (depending on the applicable leverage ratio). The Loan\\nAgreement contains customary covenants, including certain financial covenants and an obligation that we\\nmaintain certain financial ratios, including a maximum ratio of total debt to EBITDA (as defined in the\\nLoan Agreement), a fixed charge coverage ratio, a minimum tangible net worth, and that certain of our\\nsubsidiaries maintain a minimum EBITDA and liquidity. We are currently in compliance with all of these\\ncovenants. 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RMD_2008_page_90\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RMD_2008\",\"ground_truth\":{\"blocks\":[{\"bbox\":[584.8,183.6,1101.6,253.1],\"lines\":[{\"bbox\":[650.2,185.0,1037.2,218.4],\"text\":\"R ES M ED I NC . AND S UBSIDIARIES\"},{\"bbox\":[584.8,216.9,1100.9,253.1],\"text\":\"Notes to Consolidated Financial Statements\"}],\"order\":0,\"text\":\"R ES M ED I NC . AND S UBSIDIARIES\\nNotes to Consolidated Financial Statements\"},{\"bbox\":[208.1,275.5,629.5,310.0],\"lines\":[{\"bbox\":[208.1,275.5,629.5,310.0],\"text\":\"(12) Stockholders’ Equity, Continued\"}],\"order\":1,\"text\":\"(12) Stockholders’ Equity, Continued\"},{\"bbox\":[260.1,343.3,1473.6,494.8],\"lines\":[{\"bbox\":[262.3,343.3,1473.6,394.8],\"text\":\"Stock Options. We have granted stock options to personnel, including officers and directors, in\"},{\"bbox\":[261.5,376.7,1472.8,428.1],\"text\":\"accordance with the 2006 Plan. These options have expiration dates of seven years from the date of grant\"},{\"bbox\":[260.8,410.0,1472.1,461.4],\"text\":\"and vest over four years. We have granted these options with an exercise price equal to the market value as\"},{\"bbox\":[260.1,443.3,608.4,476.2],\"text\":\"determined at the date of grant.\"}],\"order\":2,\"text\":\"Stock Options. We have granted stock options to personnel, including officers and directors, in\\naccordance with the 2006 Plan. These options have expiration dates of seven years from the date of grant\\nand vest over four years. We have granted these options with an exercise price equal to the market value as\\ndetermined at the date of grant.\"},{\"bbox\":[253.3,493.3,1470.4,811.4],\"lines\":[{\"bbox\":[259.0,493.3,1470.3,544.7],\"text\":\"The maximum number of shares of our common stock authorized for issuance under the 2006 Plan is\"},{\"bbox\":[258.3,526.6,1469.6,578.1],\"text\":\"7,800,000 shares. The number of securities remaining available for future issuance under the 2006 Plan at\"},{\"bbox\":[257.6,560.0,1468.9,611.4],\"text\":\"June 30, 2008 is 3,189,000. The number of shares of our common stock available for issuance under the\"},{\"bbox\":[256.9,593.3,1468.2,644.7],\"text\":\"2006 Plan will be reduced by (i) two and one tenth (2.1) shares for each one share of common stock\"},{\"bbox\":[256.2,626.6,1467.4,678.0],\"text\":\"delivered in settlement of any “full-value award,” which is any award other than a stock option, stock\"},{\"bbox\":[255.5,659.9,1466.8,711.4],\"text\":\"appreciation right or other award for which the holder pays the intrinsic value and (ii) one share for each\"},{\"bbox\":[254.7,693.3,1466.1,744.7],\"text\":\"share of common stock delivered in settlement of all other awards. The maximum number of shares, which\"},{\"bbox\":[254.0,726.6,1465.3,778.0],\"text\":\"may be subject to awards granted under the 2006 Plan to any individual during any calendar year, may not\"},{\"bbox\":[253.3,759.9,776.5,796.6],\"text\":\"exceed 1,000,000 shares of our common stock.\"}],\"order\":3,\"text\":\"The maximum number of shares of our common stock authorized for issuance under the 2006 Plan is\\n7,800,000 shares. The number of securities remaining available for future issuance under the 2006 Plan at\\nJune 30, 2008 is 3,189,000. The number of shares of our common stock available for issuance under the\\n2006 Plan will be reduced by (i) two and one tenth (2.1) shares for each one share of common stock\\ndelivered in settlement of any “full-value award,” which is any award other than a stock option, stock\\nappreciation right or other award for which the holder pays the intrinsic value and (ii) one share for each\\nshare of common stock delivered in settlement of all other awards. The maximum number of shares, which\\nmay be subject to awards granted under the 2006 Plan to any individual during any calendar year, may not\\nexceed 1,000,000 shares of our common stock.\"},{\"bbox\":[247.9,809.9,1463.6,1061.3],\"lines\":[{\"bbox\":[252.2,809.9,1463.5,861.3],\"text\":\"At June 30, 2008, there was $50.5 million in unrecognized compensation costs related to unvested stock\"},{\"bbox\":[251.5,843.2,1462.7,894.7],\"text\":\"options. This is expected to be recognized over a weighted average period of 2.7 years. The aggregate\"},{\"bbox\":[250.8,876.6,1462.2,928.0],\"text\":\"intrinsic value of the options outstanding and the options exercisable at June 30, 2008 was $52.9 million and\"},{\"bbox\":[250.1,909.9,1461.4,961.3],\"text\":\"$52.2 million, respectively. The aggregate intrinsic value of the options exercised during the years ended\"},{\"bbox\":[249.4,943.2,1460.7,994.6],\"text\":\"June 30, 2008 and June 30, 2007 was $18.7 million and $48.3 million, respectively. The total fair value of\"},{\"bbox\":[248.7,976.5,1460.0,1028.0],\"text\":\"options that vested during the years ended June 30, 2008 and June 30, 2007 was $21.8 million and $13.6\"},{\"bbox\":[247.9,1009.9,1437.7,1060.8],\"text\":\"million, respectively. The following table summarizes option activity during the year ended June 30, 2008:\"}],\"order\":4,\"text\":\"At June 30, 2008, there was $50.5 million in unrecognized compensation costs related to unvested stock\\noptions. This is expected to be recognized over a weighted average period of 2.7 years. The aggregate\\nintrinsic value of the options outstanding and the options exercisable at June 30, 2008 was $52.9 million and\\n$52.2 million, respectively. The aggregate intrinsic value of the options exercised during the years ended\\nJune 30, 2008 and June 30, 2007 was $18.7 million and $48.3 million, respectively. The total fair value of\\noptions that vested during the years ended June 30, 2008 and June 30, 2007 was $21.8 million and $13.6\\nmillion, respectively. The following table summarizes option activity during the year ended June 30, 2008:\"},{\"bbox\":[596.8,1143.5,641.7,1164.5],\"lines\":[{\"bbox\":[596.8,1143.5,641.7,1164.5],\"text\":\"2008\"}],\"order\":5,\"text\":\"2008\"},{\"bbox\":[727.9,1079.6,821.1,1168.3],\"lines\":[{\"bbox\":[729.3,1079.6,821.1,1101.7],\"text\":\"Weighted\"},{\"bbox\":[734.9,1102.0,814.3,1123.8],\"text\":\"Average\"},{\"bbox\":[733.9,1124.2,814.5,1146.0],\"text\":\"Exercise\"},{\"bbox\":[748.8,1146.7,798.6,1167.9],\"text\":\"Price\"}],\"order\":6,\"text\":\"Weighted\\nAverage\\nExercise\\nPrice\"},{\"bbox\":[905.6,1150.1,950.5,1171.2],\"lines\":[{\"bbox\":[905.6,1150.1,950.5,1171.2],\"text\":\"2007\"}],\"order\":7,\"text\":\"2007\"},{\"bbox\":[1036.7,1086.3,1129.9,1175.0],\"lines\":[{\"bbox\":[1038.1,1086.3,1129.9,1108.3],\"text\":\"Weighted\"},{\"bbox\":[1043.8,1108.6,1123.1,1130.4],\"text\":\"Average\"},{\"bbox\":[1042.7,1130.8,1123.4,1152.6],\"text\":\"Exercise\"},{\"bbox\":[1057.7,1153.4,1107.4,1174.5],\"text\":\"Price\"}],\"order\":8,\"text\":\"Weighted\\nAverage\\nExercise\\nPrice\"},{\"bbox\":[1207.5,1156.6,1252.4,1177.6],\"lines\":[{\"bbox\":[1207.5,1156.6,1252.4,1177.6],\"text\":\"2006\"}],\"order\":9,\"text\":\"2006\"},{\"bbox\":[1331.6,1092.6,1424.8,1181.3],\"lines\":[{\"bbox\":[1333.1,1092.6,1424.8,1114.7],\"text\":\"Weighted\"},{\"bbox\":[1338.7,1115.0,1418.1,1136.7],\"text\":\"Average\"},{\"bbox\":[1337.7,1137.2,1418.3,1159.0],\"text\":\"Exercise\"},{\"bbox\":[1352.6,1159.7,1402.4,1180.9],\"text\":\"Price\"}],\"order\":10,\"text\":\"Weighted\\nAverage\\nExercise\\nPrice\"},{\"bbox\":[258.2,1174.1,485.5,1337.6],\"lines\":[{\"bbox\":[261.1,1174.1,424.6,1203.0],\"text\":\"Outstanding at\"},{\"bbox\":[288.1,1208.0,484.8,1237.6],\"text\":\"beginning of year\"},{\"bbox\":[259.7,1240.7,349.7,1268.1],\"text\":\"Granted\"},{\"bbox\":[258.9,1274.0,369.0,1301.8],\"text\":\"Exercised\"},{\"bbox\":[258.2,1307.4,360.6,1335.0],\"text\":\"Forfeited\"}],\"order\":11,\"text\":\"Outstanding at\\nbeginning of year\\nGranted\\nExercised\\nForfeited\"},{\"bbox\":[585.2,1214.4,810.7,1344.6],\"lines\":[{\"bbox\":[587.4,1214.4,810.7,1244.6],\"text\":\"8,406,483 $31.43\"},{\"bbox\":[586.7,1247.7,698.3,1275.6],\"text\":\"2,469,650\"},{\"bbox\":[746.9,1251.2,809.9,1278.0],\"text\":\"42.34\"},{\"bbox\":[597.5,1281.3,809.2,1311.3],\"text\":\"(786,523) 20.72\"},{\"bbox\":[596.8,1314.6,808.5,1344.6],\"text\":\"(405,794) 41.70\"}],\"order\":12,\"text\":\"8,406,483 $31.43\\n2,469,650\\n42.34\\n(786,523) 20.72\\n(405,794) 41.70\"},{\"bbox\":[884.8,1220.8,1119.5,1351.2],\"lines\":[{\"bbox\":[896.2,1221.0,1119.5,1251.3],\"text\":\"8,102,892 $24.26\"},{\"bbox\":[895.5,1254.4,1007.1,1282.2],\"text\":\"2,353,650\"},{\"bbox\":[1055.7,1257.8,1118.8,1284.6],\"text\":\"46.38\"},{\"bbox\":[885.5,1287.5,1118.0,1317.9],\"text\":\"(1,747,330) 18.70\"},{\"bbox\":[905.6,1321.3,1117.3,1351.2],\"text\":\"(302,729) 31.98\"}],\"order\":13,\"text\":\"8,102,892 $24.26\\n2,353,650\\n46.38\\n(1,747,330) 18.70\\n(302,729) 31.98\"},{\"bbox\":[1179.7,1227.2,1414.4,1357.6],\"lines\":[{\"bbox\":[1191.1,1227.4,1414.4,1257.6],\"text\":\"8,301,408 $19.38\"},{\"bbox\":[1190.4,1260.7,1302.1,1288.5],\"text\":\"2,030,700\"},{\"bbox\":[1350.7,1264.1,1413.7,1290.9],\"text\":\"38.17\"},{\"bbox\":[1180.4,1293.8,1413.0,1324.3],\"text\":\"(1,805,648) 17.06\"},{\"bbox\":[1200.5,1327.6,1412.3,1357.6],\"text\":\"(423,568) 26.09\"}],\"order\":14,\"text\":\"8,301,408 $19.38\\n2,030,700\\n38.17\\n(1,805,648) 17.06\\n(423,568) 26.09\"},{\"bbox\":[256.3,1365.7,497.7,1429.6],\"lines\":[{\"bbox\":[257.0,1365.7,497.7,1396.3],\"text\":\"Outstanding at end of\"},{\"bbox\":[284.0,1399.6,332.4,1426.1],\"text\":\"year\"}],\"order\":15,\"text\":\"Outstanding at end of\\nyear\"},{\"bbox\":[583.3,1406.0,694.9,1433.9],\"lines\":[{\"bbox\":[583.3,1406.0,694.9,1433.9],\"text\":\"9,683,816\"}],\"order\":16,\"text\":\"9,683,816\"},{\"bbox\":[892.1,1412.7,1003.7,1440.5],\"lines\":[{\"bbox\":[892.1,1412.7,1003.7,1440.5],\"text\":\"8,406,483\"}],\"order\":17,\"text\":\"8,406,483\"},{\"bbox\":[1187.0,1419.0,1298.7,1446.8],\"lines\":[{\"bbox\":[1187.0,1419.0,1298.7,1446.8],\"text\":\"8,102,892\"}],\"order\":18,\"text\":\"8,102,892\"},{\"bbox\":[254.5,1449.0,485.8,1512.7],\"lines\":[{\"bbox\":[255.2,1449.0,482.8,1479.3],\"text\":\"Exercise price range\"},{\"bbox\":[282.2,1482.9,485.1,1512.7],\"text\":\"of granted options\"}],\"order\":19,\"text\":\"Exercise price range\\nof granted options\"},{\"bbox\":[530.5,1488.3,693.1,1517.2],\"lines\":[{\"bbox\":[530.5,1488.3,693.1,1517.2],\"text\":\"$38.63-$51.31\"}],\"order\":20,\"text\":\"$38.63-$51.31\"},{\"bbox\":[252.7,1532.3,501.2,1596.4],\"lines\":[{\"bbox\":[253.4,1532.3,501.2,1563.1],\"text\":\"Options exercisable at\"},{\"bbox\":[280.5,1566.2,406.0,1594.4],\"text\":\"end of year\"}],\"order\":21,\"text\":\"Options exercisable at\\nend of year\"},{\"bbox\":[579.7,1572.7,691.3,1600.5],\"lines\":[{\"bbox\":[579.7,1572.7,691.3,1600.5],\"text\":\"4,884,485\"}],\"order\":22,\"text\":\"4,884,485\"},{\"bbox\":[729.6,1409.2,806.5,1436.3],\"lines\":[{\"bbox\":[729.6,1409.2,806.5,1436.3],\"text\":\"$34.69\"}],\"order\":23,\"text\":\"$34.69\"},{\"bbox\":[1038.4,1415.8,1115.4,1442.9],\"lines\":[{\"bbox\":[1038.4,1415.8,1115.4,1442.9],\"text\":\"$31.43\"}],\"order\":24,\"text\":\"$31.43\"},{\"bbox\":[839.3,1494.9,1001.9,1523.8],\"lines\":[{\"bbox\":[839.3,1494.9,1001.9,1523.8],\"text\":\"$40.25-$52.58\"}],\"order\":25,\"text\":\"$40.25-$52.58\"},{\"bbox\":[726.0,1575.8,803.0,1602.9],\"lines\":[{\"bbox\":[726.0,1575.8,803.0,1602.9],\"text\":\"$26.76\"}],\"order\":26,\"text\":\"$26.76\"},{\"bbox\":[783.9,1954.9,827.6,1981.3],\"lines\":[{\"bbox\":[783.9,1954.9,827.6,1981.3],\"text\":\"F21\"}],\"order\":27,\"text\":\"F21\"},{\"bbox\":[888.5,1579.3,1000.1,1607.1],\"lines\":[{\"bbox\":[888.5,1579.3,1000.1,1607.1],\"text\":\"4,001,157\"}],\"order\":28,\"text\":\"4,001,157\"},{\"bbox\":[1333.4,1422.1,1410.3,1449.2],\"lines\":[{\"bbox\":[1333.4,1422.1,1410.3,1449.2],\"text\":\"$24.26\"}],\"order\":29,\"text\":\"$24.26\"},{\"bbox\":[1148.2,1501.5,1296.8,1530.1],\"lines\":[{\"bbox\":[1148.2,1501.5,1296.8,1530.1],\"text\":\"$32.99-45.46\"}],\"order\":30,\"text\":\"$32.99-45.46\"},{\"bbox\":[1034.9,1582.4,1111.8,1609.5],\"lines\":[{\"bbox\":[1034.9,1582.4,1111.8,1609.5],\"text\":\"$21.69\"}],\"order\":31,\"text\":\"$21.69\"},{\"bbox\":[1183.4,1585.6,1295.1,1613.5],\"lines\":[{\"bbox\":[1183.4,1585.6,1295.1,1613.5],\"text\":\"4,262,743\"}],\"order\":32,\"text\":\"4,262,743\"},{\"bbox\":[1329.8,1588.8,1406.7,1615.8],\"lines\":[{\"bbox\":[1329.8,1588.8,1406.7,1615.8],\"text\":\"$18.03\"}],\"order\":33,\"text\":\"$18.03\"}],\"doc\":\"fintabnet:RMD_2008\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"R ES M ED I NC . AND S UBSIDIARIES\\nNotes to Consolidated Financial Statements\\n\\n(12) Stockholders’ Equity, Continued\\n\\nStock Options. We have granted stock options to personnel, including officers and directors, in\\naccordance with the 2006 Plan. These options have expiration dates of seven years from the date of grant\\nand vest over four years. We have granted these options with an exercise price equal to the market value as\\ndetermined at the date of grant.\\n\\nThe maximum number of shares of our common stock authorized for issuance under the 2006 Plan is\\n7,800,000 shares. The number of securities remaining available for future issuance under the 2006 Plan at\\nJune 30, 2008 is 3,189,000. The number of shares of our common stock available for issuance under the\\n2006 Plan will be reduced by (i) two and one tenth (2.1) shares for each one share of common stock\\ndelivered in settlement of any “full-value award,” which is any award other than a stock option, stock\\nappreciation right or other award for which the holder pays the intrinsic value and (ii) one share for each\\nshare of common stock delivered in settlement of all other awards. The maximum number of shares, which\\nmay be subject to awards granted under the 2006 Plan to any individual during any calendar year, may not\\nexceed 1,000,000 shares of our common stock.\\n\\nAt June 30, 2008, there was $50.5 million in unrecognized compensation costs related to unvested stock\\noptions. This is expected to be recognized over a weighted average period of 2.7 years. The aggregate\\nintrinsic value of the options outstanding and the options exercisable at June 30, 2008 was $52.9 million and\\n$52.2 million, respectively. The aggregate intrinsic value of the options exercised during the years ended\\nJune 30, 2008 and June 30, 2007 was $18.7 million and $48.3 million, respectively. The total fair value of\\noptions that vested during the years ended June 30, 2008 and June 30, 2007 was $21.8 million and $13.6\\nmillion, respectively. The following table summarizes option activity during the year ended June 30, 2008:\\n\\n2008\\n\\nWeighted\\nAverage\\nExercise\\nPrice\\n\\n2007\\n\\nWeighted\\nAverage\\nExercise\\nPrice\\n\\n2006\\n\\nWeighted\\nAverage\\nExercise\\nPrice\\n\\nOutstanding at\\nbeginning of year\\nGranted\\nExercised\\nForfeited\\n\\n8,406,483 $31.43\\n2,469,650\\n42.34\\n(786,523) 20.72\\n(405,794) 41.70\\n\\n8,102,892 $24.26\\n2,353,650\\n46.38\\n(1,747,330) 18.70\\n(302,729) 31.98\\n\\n8,301,408 $19.38\\n2,030,700\\n38.17\\n(1,805,648) 17.06\\n(423,568) 26.09\\n\\nOutstanding at end of\\nyear\\n\\n9,683,816\\n\\n8,406,483\\n\\n8,102,892\\n\\nExercise price range\\nof granted options\\n\\n$38.63-$51.31\\n\\nOptions exercisable at\\nend of year\\n\\n4,884,485\\n\\n$34.69\\n\\n$31.43\\n\\n$40.25-$52.58\\n\\n$26.76\\n\\nF21\\n\\n4,001,157\\n\\n$24.26\\n\\n$32.99-45.46\\n\\n$21.69\\n\\n4,262,743\\n\\n$18.03\",\"name\":\"fintabnet.RMD_2008_page_90__200dpi_medium\",\"page_id\":\"fintabnet.RMD_2008_page_90\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.23,\"source\":\"fintabnet\",\"source_id\":\"RMD_2008_page_90\",\"stack\":[{\"deg\":-1.23,\"op\":\"skew\"},{\"amp\":0.137,\"angle\":238.1,\"blob\":0.577,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.827},{\"op\":\"noise\",\"sigma\":7.428},{\"gain\":0.822,\"op\":\"contrast\"},{\"bias\":0.074,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":23}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[252.7,1064.5,1424.9,1616.0],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,28,29,30,31,32,33],\"cells\":null}],\"text\":\"R ES M ED I NC . AND S UBSIDIARIES\\nNotes to Consolidated Financial Statements\\n\\n(12) Stockholders’ Equity, Continued\\n\\nStock Options. We have granted stock options to personnel, including officers and directors, in\\naccordance with the 2006 Plan. These options have expiration dates of seven years from the date of grant\\nand vest over four years. We have granted these options with an exercise price equal to the market value as\\ndetermined at the date of grant.\\n\\nThe maximum number of shares of our common stock authorized for issuance under the 2006 Plan is\\n7,800,000 shares. The number of securities remaining available for future issuance under the 2006 Plan at\\nJune 30, 2008 is 3,189,000. The number of shares of our common stock available for issuance under the\\n2006 Plan will be reduced by (i) two and one tenth (2.1) shares for each one share of common stock\\ndelivered in settlement of any “full-value award,” which is any award other than a stock option, stock\\nappreciation right or other award for which the holder pays the intrinsic value and (ii) one share for each\\nshare of common stock delivered in settlement of all other awards. The maximum number of shares, which\\nmay be subject to awards granted under the 2006 Plan to any individual during any calendar year, may not\\nexceed 1,000,000 shares of our common stock.\\n\\nAt June 30, 2008, there was $50.5 million in unrecognized compensation costs related to unvested stock\\noptions. This is expected to be recognized over a weighted average period of 2.7 years. The aggregate\\nintrinsic value of the options outstanding and the options exercisable at June 30, 2008 was $52.9 million and\\n$52.2 million, respectively. The aggregate intrinsic value of the options exercised during the years ended\\nJune 30, 2008 and June 30, 2007 was $18.7 million and $48.3 million, respectively. The total fair value of\\noptions that vested during the years ended June 30, 2008 and June 30, 2007 was $21.8 million and $13.6\\nmillion, respectively. The following table summarizes option activity during the year ended June 30, 2008:\\n\\n2008\\n\\nWeighted\\nAverage\\nExercise\\nPrice\\n\\n2007\\n\\nWeighted\\nAverage\\nExercise\\nPrice\\n\\n2006\\n\\nWeighted\\nAverage\\nExercise\\nPrice\\n\\nOutstanding at\\nbeginning of year\\nGranted\\nExercised\\nForfeited\\n\\n8,406,483 $31.43\\n2,469,650\\n42.34\\n(786,523) 20.72\\n(405,794) 41.70\\n\\n8,102,892 $24.26\\n2,353,650\\n46.38\\n(1,747,330) 18.70\\n(302,729) 31.98\\n\\n8,301,408 $19.38\\n2,030,700\\n38.17\\n(1,805,648) 17.06\\n(423,568) 26.09\\n\\nOutstanding at end of\\nyear\\n\\n9,683,816\\n\\n8,406,483\\n\\n8,102,892\\n\\nExercise price range\\nof granted options\\n\\n$38.63-$51.31\\n\\nOptions exercisable at\\nend of year\\n\\n4,884,485\\n\\n$34.69\\n\\n$31.43\\n\\n$40.25-$52.58\\n\\n$26.76\\n\\nF21\\n\\n4,001,157\\n\\n$24.26\\n\\n$32.99-45.46\\n\\n$21.69\\n\\n4,262,743\\n\\n$18.03\"},\"name\":\"fintabnet.RMD_2008_page_90__200dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":71383,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:RMD_2008\",\"dpi\":200,\"gt_sha256\":\"bc5276a08fca858b1dd8674f278a12bb7d06f41510e947f54aaa81796c595ac3\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.RMD_2008_page_90__200dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.RMD_2008_page_90\",\"pdf_sha256\":\"c644a6c8bb3e96b82fa5bd043cfc29f7609da6254a8d8ce3e8c8c2cdc46ed962\",\"px\":[1650,2150],\"scan\":{\"render\":\"000003c03f403ffc3ffc3ffc3ffc3ffc3124337c3f7c3e580000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"RMD_2008_page_90\",\"src\":{\"file_sha256\":\"c0e2a6d6eff7918ac38bb6c02337cd2bd926b33dd755d6e57f01ec88b06de0c9\",\"render\":\"000003c03f203ffc3ffc3ffc3ffc3ffc3ffc337c3ffc3a400000000000000000\",\"text\":\"b179cc54442e7902a06d2f6504dfabe3a91ed67a8bdf8cc7626242b5bd44aaea\"},\"stack\":[{\"deg\":-1.23,\"op\":\"skew\"},{\"amp\":0.137,\"angle\":238.1,\"blob\":0.577,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.827},{\"op\":\"noise\",\"sigma\":7.428},{\"gain\":0.822,\"op\":\"contrast\"},{\"bias\":0.074,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":23}],\"tools\":\"21647cade0ee\"},\"sha256\":\"c644a6c8bb3e96b82fa5bd043cfc29f7609da6254a8d8ce3e8c8c2cdc46ed962\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/c644a6c8bb3e96b82fa5bd043cfc29f7609da6254a8d8ce3e8c8c2cdc46ed962.pdf","asset_sha256":"c644a6c8bb3e96b82fa5bd043cfc29f7609da6254a8d8ce3e8c8c2cdc46ed962","document_id":"fintabnet:RMD_2008","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RMD_2008_page_90\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ROL_2017_page_63\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:ROL_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[719.1,49.0,1154.2,93.4],\"lines\":[{\"bbox\":[1108.9,49.0,1154.0,69.0],\"text\":\"Part II\"},{\"bbox\":[719.3,69.0,1154.2,93.4],\"text\":\"Item 8 — Financial Statements and Supplementary Data\"}],\"order\":0,\"text\":\"Part II\\nItem 8 — Financial Statements and Supplementary Data\"},{\"bbox\":[104.9,147.7,581.1,221.0],\"lines\":[{\"bbox\":[104.9,147.7,580.6,175.1],\"text\":\"In June 2005, the Company froze the Rollins, Inc. defined\"},{\"bbox\":[105.1,171.3,521.6,198.0],\"text\":\"benefit pension plan. The Company currently uses\"},{\"bbox\":[105.4,193.8,554.8,221.0],\"text\":\"December 31 as the measurement date for its defined\"}],\"order\":1,\"text\":\"In June 2005, the Company froze the Rollins, Inc. defined\\nbenefit pension plan. The Company currently uses\\nDecember 31 as the measurement date for its defined\"},{\"bbox\":[648.6,141.2,1152.5,214.8],\"lines\":[{\"bbox\":[648.6,141.2,1152.0,169.0],\"text\":\"benefit post-retirement plans. The funded status of the Plans\"},{\"bbox\":[648.8,164.2,1145.6,191.9],\"text\":\"and the net amount recognized in the statement of financial\"},{\"bbox\":[649.1,188.9,988.1,214.8],\"text\":\"position are summarized as follows as of:\"}],\"order\":2,\"text\":\"benefit post-retirement plans. The funded status of the Plans\\nand the net amount recognized in the statement of financial\\nposition are summarized as follows as of:\"},{\"bbox\":[115.3,244.3,213.7,262.6],\"lines\":[{\"bbox\":[115.3,244.3,213.7,262.6],\"text\":\"December 31,\"}],\"order\":3,\"text\":\"December 31,\"},{\"bbox\":[977.5,232.8,1022.7,255.5],\"lines\":[{\"bbox\":[977.5,232.8,1022.7,255.5],\"text\":\"2017\"}],\"order\":4,\"text\":\"2017\"},{\"bbox\":[1102.5,231.4,1147.7,254.0],\"lines\":[{\"bbox\":[1102.5,231.4,1147.7,254.0],\"text\":\"2016\"}],\"order\":5,\"text\":\"2016\"},{\"bbox\":[115.6,275.3,226.3,296.2],\"lines\":[{\"bbox\":[115.6,275.3,226.3,296.2],\"text\":\"(in thousands)\"}],\"order\":6,\"text\":\"(in thousands)\"},{\"bbox\":[116.0,306.2,529.5,330.5],\"lines\":[{\"bbox\":[116.0,306.2,529.5,330.5],\"text\":\"CHANGE IN ACCUMULATED BENEFIT OBLIGATION\"}],\"order\":7,\"text\":\"CHANGE IN ACCUMULATED BENEFIT OBLIGATION\"},{\"bbox\":[941.1,330.7,1023.8,353.7],\"lines\":[{\"bbox\":[941.1,330.7,1023.8,353.7],\"text\":\"$ 197,222\"}],\"order\":8,\"text\":\"$ 197,222\"},{\"bbox\":[1066.0,329.3,1148.8,352.2],\"lines\":[{\"bbox\":[1066.0,329.3,1148.8,352.2],\"text\":\"$ 200,375\"}],\"order\":9,\"text\":\"$ 200,375\"},{\"bbox\":[116.7,371.9,245.7,393.0],\"lines\":[{\"bbox\":[116.7,371.9,245.7,393.0],\"text\":\"  Service cost\"}],\"order\":10,\"text\":\"  Service cost\"},{\"bbox\":[1003.5,362.0,1024.2,384.2],\"lines\":[{\"bbox\":[1003.5,362.0,1024.2,384.2],\"text\":\"58\"}],\"order\":11,\"text\":\"58\"},{\"bbox\":[1128.5,360.5,1149.2,382.8],\"lines\":[{\"bbox\":[1128.5,360.5,1149.2,382.8],\"text\":\"71\"}],\"order\":12,\"text\":\"71\"},{\"bbox\":[117.1,403.1,249.9,424.3],\"lines\":[{\"bbox\":[117.1,403.1,249.9,424.3],\"text\":\"  Interest cost\"}],\"order\":13,\"text\":\"  Interest cost\"},{\"bbox\":[978.0,393.2,1024.6,415.8],\"lines\":[{\"bbox\":[978.0,393.2,1024.6,415.8],\"text\":\"8,493\"}],\"order\":14,\"text\":\"8,493\"},{\"bbox\":[1103.0,391.8,1149.5,414.3],\"lines\":[{\"bbox\":[1103.0,391.8,1149.5,414.3],\"text\":\"9,331\"}],\"order\":15,\"text\":\"9,331\"},{\"bbox\":[117.4,433.7,306.2,455.5],\"lines\":[{\"bbox\":[117.4,433.7,306.2,455.5],\"text\":\"   Actuarial (gain) loss\"}],\"order\":16,\"text\":\"   Actuarial (gain) loss\"},{\"bbox\":[978.3,424.5,1024.9,447.0],\"lines\":[{\"bbox\":[978.3,424.5,1024.9,447.0],\"text\":\"6,762\"}],\"order\":17,\"text\":\"6,762\"},{\"bbox\":[1103.3,423.0,1149.9,445.6],\"lines\":[{\"bbox\":[1103.3,423.0,1149.9,445.6],\"text\":\"6,079\"}],\"order\":18,\"text\":\"6,079\"},{\"bbox\":[133.2,337.2,551.2,361.6],\"lines\":[{\"bbox\":[133.2,337.2,551.2,361.6],\"text\":\"Accumulated benefit obligation at beginning of year\"}],\"order\":19,\"text\":\"Accumulated benefit obligation at beginning of year\"},{\"bbox\":[962.7,455.7,1029.4,478.4],\"lines\":[{\"bbox\":[962.7,455.7,1029.4,478.4],\"text\":\"(10,225)\"}],\"order\":20,\"text\":\"(10,225)\"},{\"bbox\":[1087.7,454.2,1154.4,477.0],\"lines\":[{\"bbox\":[1087.7,454.2,1154.4,477.0],\"text\":\"(18,634)\"}],\"order\":21,\"text\":\"(18,634)\"},{\"bbox\":[958.4,487.0,1025.6,509.7],\"lines\":[{\"bbox\":[958.4,487.0,1025.6,509.7],\"text\":\"202,310\"}],\"order\":22,\"text\":\"202,310\"},{\"bbox\":[1083.4,485.5,1150.6,508.3],\"lines\":[{\"bbox\":[1083.4,485.5,1150.6,508.3],\"text\":\"197,222\"}],\"order\":23,\"text\":\"197,222\"},{\"bbox\":[118.8,556.1,537.1,580.5],\"lines\":[{\"bbox\":[118.8,556.1,537.1,580.5],\"text\":\"   Market value of plan assets at beginning of year\"}],\"order\":24,\"text\":\"   Market value of plan assets at beginning of year\"},{\"bbox\":[959.1,549.4,1026.3,572.2],\"lines\":[{\"bbox\":[959.1,549.4,1026.3,572.2],\"text\":\"194,342\"}],\"order\":25,\"text\":\"194,342\"},{\"bbox\":[1084.1,548.0,1151.3,570.8],\"lines\":[{\"bbox\":[1084.1,548.0,1151.3,570.8],\"text\":\"190,640\"}],\"order\":26,\"text\":\"190,640\"},{\"bbox\":[119.2,589.2,375.1,611.7],\"lines\":[{\"bbox\":[119.2,589.2,375.1,611.7],\"text\":\"   Actual return on plan assets\"}],\"order\":27,\"text\":\"   Actual return on plan assets\"},{\"bbox\":[969.8,580.7,1026.7,603.4],\"lines\":[{\"bbox\":[969.8,580.7,1026.7,603.4],\"text\":\"35,788\"}],\"order\":28,\"text\":\"35,788\"},{\"bbox\":[1094.8,579.3,1151.7,601.9],\"lines\":[{\"bbox\":[1094.8,579.3,1151.7,601.9],\"text\":\"19,080\"}],\"order\":29,\"text\":\"19,080\"},{\"bbox\":[1008.6,611.9,1027.0,634.2],\"lines\":[{\"bbox\":[1008.6,611.9,1027.0,634.2],\"text\":\"—\"}],\"order\":30,\"text\":\"—\"},{\"bbox\":[1105.4,610.5,1152.0,633.1],\"lines\":[{\"bbox\":[1105.4,610.5,1152.0,633.1],\"text\":\"3,256\"}],\"order\":31,\"text\":\"3,256\"},{\"bbox\":[964.8,643.1,1031.5,665.9],\"lines\":[{\"bbox\":[964.8,643.1,1031.5,665.9],\"text\":\"(10,225)\"}],\"order\":32,\"text\":\"(10,225)\"},{\"bbox\":[1089.8,641.7,1156.5,664.5],\"lines\":[{\"bbox\":[1089.8,641.7,1156.5,664.5],\"text\":\"(18,634)\"}],\"order\":33,\"text\":\"(18,634)\"},{\"bbox\":[960.5,674.4,1027.7,697.2],\"lines\":[{\"bbox\":[960.5,674.4,1027.7,697.2],\"text\":\"219,905\"}],\"order\":34,\"text\":\"219,905\"},{\"bbox\":[1085.5,673.0,1152.7,695.8],\"lines\":[{\"bbox\":[1085.5,673.0,1152.7,695.8],\"text\":\"194,342\"}],\"order\":35,\"text\":\"194,342\"},{\"bbox\":[117.8,465.5,256.0,486.7],\"lines\":[{\"bbox\":[117.8,465.5,256.0,486.7],\"text\":\"  Benefits paid\"}],\"order\":36,\"text\":\"  Benefits paid\"},{\"bbox\":[135.0,494.0,503.5,517.8],\"lines\":[{\"bbox\":[135.0,494.0,503.5,517.8],\"text\":\"Accumulated Benefit obligation at end of year\"}],\"order\":37,\"text\":\"Accumulated Benefit obligation at end of year\"},{\"bbox\":[118.5,527.2,331.6,549.2],\"lines\":[{\"bbox\":[118.5,527.2,331.6,549.2],\"text\":\"CHANGE IN PLAN ASSETS\"}],\"order\":38,\"text\":\"CHANGE IN PLAN ASSETS\"},{\"bbox\":[119.9,653.0,258.1,674.2],\"lines\":[{\"bbox\":[119.9,653.0,258.1,674.2],\"text\":\"  Benefits paid\"}],\"order\":39,\"text\":\"  Benefits paid\"},{\"bbox\":[137.1,682.2,445.0,705.3],\"lines\":[{\"bbox\":[137.1,682.2,445.0,705.3],\"text\":\"Fair value of plan assets at end of year\"}],\"order\":40,\"text\":\"Fair value of plan assets at end of year\"},{\"bbox\":[941.7,706.5,952.1,728.7],\"lines\":[{\"bbox\":[941.7,706.5,952.1,728.7],\"text\":\"$\"}],\"order\":41,\"text\":\"$\"},{\"bbox\":[137.5,715.6,250.2,736.5],\"lines\":[{\"bbox\":[137.5,715.6,250.2,736.5],\"text\":\"Funded status\"}],\"order\":42,\"text\":\"Funded status\"},{\"bbox\":[972.1,705.7,1028.1,728.3],\"lines\":[{\"bbox\":[972.1,705.7,1028.1,728.3],\"text\":\"17,595\"}],\"order\":43,\"text\":\"17,595\"},{\"bbox\":[1070.4,705.1,1080.8,727.2],\"lines\":[{\"bbox\":[1070.4,705.1,1080.8,727.2],\"text\":\"$\"}],\"order\":44,\"text\":\"$\"},{\"bbox\":[1221.6,568.5,1249.0,734.0],\"lines\":[{\"bbox\":[1221.6,568.5,1249.0,734.0],\"text\":\"2017 Form 10-K\"}],\"order\":45,\"text\":\"2017 Form 10-K\"},{\"bbox\":[119.6,620.9,331.8,643.0],\"lines\":[{\"bbox\":[119.6,620.9,331.8,643.0],\"text\":\"  Employer contribution\"}],\"order\":46,\"text\":\"  Employer contribution\"},{\"bbox\":[1100.8,704.2,1157.3,726.9],\"lines\":[{\"bbox\":[1100.8,704.2,1157.3,726.9],\"text\":\"(2,880)\"}],\"order\":47,\"text\":\"(2,880)\"},{\"bbox\":[121.3,773.3,679.1,799.2],\"lines\":[{\"bbox\":[121.3,773.3,679.1,799.2],\"text\":\"Amounts Recognized in the Statement of Financial Position consist of:\"}],\"order\":48,\"text\":\"Amounts Recognized in the Statement of Financial Position consist of:\"},{\"bbox\":[983.9,794.1,1029.1,816.7],\"lines\":[{\"bbox\":[983.9,794.1,1029.1,816.7],\"text\":\"2017\"}],\"order\":49,\"text\":\"2017\"},{\"bbox\":[121.7,809.6,234.2,830.5],\"lines\":[{\"bbox\":[121.7,809.6,234.2,830.5],\"text\":\"December 31,\"}],\"order\":50,\"text\":\"December 31,\"},{\"bbox\":[1108.9,792.7,1154.1,815.3],\"lines\":[{\"bbox\":[1108.9,792.7,1154.1,815.3],\"text\":\"2016\"}],\"order\":51,\"text\":\"2016\"},{\"bbox\":[122.0,840.8,232.7,861.7],\"lines\":[{\"bbox\":[122.0,840.8,232.7,861.7],\"text\":\"(in thousands)\"}],\"order\":52,\"text\":\"(in thousands)\"},{\"bbox\":[942.6,862.8,952.9,884.9],\"lines\":[{\"bbox\":[942.6,862.8,952.9,884.9],\"text\":\"$\"}],\"order\":53,\"text\":\"$\"},{\"bbox\":[122.4,870.7,353.9,893.0],\"lines\":[{\"bbox\":[122.4,870.7,353.9,893.0],\"text\":\"Noncurrent assets/(liabilities)\"}],\"order\":54,\"text\":\"Noncurrent assets/(liabilities)\"},{\"bbox\":[973.9,861.9,1029.9,884.6],\"lines\":[{\"bbox\":[973.9,861.9,1029.9,884.6],\"text\":\"17,595\"}],\"order\":55,\"text\":\"17,595\"},{\"bbox\":[1067.1,861.4,1077.5,883.5],\"lines\":[{\"bbox\":[1067.1,861.4,1077.5,883.5],\"text\":\"$\"}],\"order\":56,\"text\":\"$\"},{\"bbox\":[1098.4,860.5,1154.8,883.2],\"lines\":[{\"bbox\":[1098.4,860.5,1154.8,883.2],\"text\":\"(2,880)\"}],\"order\":57,\"text\":\"(2,880)\"},{\"bbox\":[123.1,928.7,755.9,955.5],\"lines\":[{\"bbox\":[123.1,928.7,755.9,955.5],\"text\":\"Amounts Recognized in Accumulated Other Comprehensive Income consists of:\"}],\"order\":58,\"text\":\"Amounts Recognized in Accumulated Other Comprehensive Income consists of:\"},{\"bbox\":[985.7,950.3,1030.9,973.0],\"lines\":[{\"bbox\":[985.7,950.3,1030.9,973.0],\"text\":\"2017\"}],\"order\":59,\"text\":\"2017\"},{\"bbox\":[1110.7,948.9,1155.9,971.5],\"lines\":[{\"bbox\":[1110.7,948.9,1155.9,971.5],\"text\":\"2016\"}],\"order\":60,\"text\":\"2016\"},{\"bbox\":[948.7,1018.2,1031.6,1041.1],\"lines\":[{\"bbox\":[948.7,1018.2,1031.6,1041.1],\"text\":\"$ 61,598\"}],\"order\":61,\"text\":\"$ 61,598\"},{\"bbox\":[1073.7,1016.8,1156.6,1039.7],\"lines\":[{\"bbox\":[1073.7,1016.8,1156.6,1039.7],\"text\":\"$ 80,662\"}],\"order\":62,\"text\":\"$ 80,662\"},{\"bbox\":[123.5,965.8,236.0,986.7],\"lines\":[{\"bbox\":[123.5,965.8,236.0,986.7],\"text\":\"December 31,\"}],\"order\":63,\"text\":\"December 31,\"},{\"bbox\":[123.8,997.1,234.5,1018.0],\"lines\":[{\"bbox\":[123.8,997.1,234.5,1018.0],\"text\":\"(in thousands)\"}],\"order\":64,\"text\":\"(in thousands)\"},{\"bbox\":[124.2,1028.0,261.8,1049.2],\"lines\":[{\"bbox\":[124.2,1028.0,261.8,1049.2],\"text\":\"Net actuarial loss\"}],\"order\":65,\"text\":\"Net actuarial loss\"},{\"bbox\":[115.4,1077.2,606.2,1288.0],\"lines\":[{\"bbox\":[115.4,1077.2,604.1,1104.7],\"text\":\"The accumulated benefit obligation for the defined benefit\"},{\"bbox\":[115.6,1100.4,578.5,1127.6],\"text\":\"pension plans were $202.3 million and $197.2 million at\"},{\"bbox\":[115.9,1123.1,599.3,1150.6],\"text\":\"December 31, 2017 and December 31, 2016, respectively.\"},{\"bbox\":[116.2,1146.4,564.2,1173.5],\"text\":\"Accumulated benefit obligation and projected benefit\"},{\"bbox\":[116.4,1169.2,575.8,1196.4],\"text\":\"obligation are materially the same for the Plans. Pre-tax\"},{\"bbox\":[116.7,1192.1,577.5,1219.3],\"text\":\"(increases)/decreases in the pension liability which were\"},{\"bbox\":[116.9,1215.2,561.1,1242.2],\"text\":\"(charged, net of tax) credited to other comprehensive\"},{\"bbox\":[117.2,1237.8,589.7,1265.1],\"text\":\"income/ (loss) were $19.0 million, $3.0 million, and $14.8\"},{\"bbox\":[117.5,1261.8,491.9,1288.0],\"text\":\"million in 2017, 2016, and 2015, respectively.\"}],\"order\":66,\"text\":\"The accumulated benefit obligation for the defined benefit\\npension plans were $202.3 million and $197.2 million at\\nDecember 31, 2017 and December 31, 2016, respectively.\\nAccumulated benefit obligation and projected benefit\\nobligation are materially the same for the Plans. Pre-tax\\n(increases)/decreases in the pension liability which were\\n(charged, net of tax) credited to other comprehensive\\nincome/ (loss) were $19.0 million, $3.0 million, and $14.8\\nmillion in 2017, 2016, and 2015, respectively.\"},{\"bbox\":[117.9,1296.1,592.0,1369.3],\"lines\":[{\"bbox\":[117.9,1296.2,584.8,1323.5],\"text\":\"The following weighted-average assumptions were used\"},{\"bbox\":[118.1,1319.0,591.8,1346.4],\"text\":\"to determine the accumulated benefit obligation and net\"},{\"bbox\":[118.4,1346.1,221.6,1369.3],\"text\":\"benefit cost:\"}],\"order\":67,\"text\":\"The following weighted-average assumptions were used\\nto determine the accumulated benefit obligation and net\\nbenefit cost:\"},{\"bbox\":[933.1,1092.6,978.3,1115.2],\"lines\":[{\"bbox\":[933.1,1092.6,978.3,1115.2],\"text\":\"2017\"}],\"order\":68,\"text\":\"2017\"},{\"bbox\":[1026.8,1091.6,1072.0,1114.2],\"lines\":[{\"bbox\":[1026.8,1091.6,1072.0,1114.2],\"text\":\"2016\"}],\"order\":69,\"text\":\"2016\"},{\"bbox\":[1120.6,1090.5,1165.8,1113.1],\"lines\":[{\"bbox\":[1120.6,1090.5,1165.8,1113.1],\"text\":\"2015\"}],\"order\":70,\"text\":\"2015\"},{\"bbox\":[927.6,1172.1,979.2,1194.7],\"lines\":[{\"bbox\":[927.6,1172.1,979.2,1194.7],\"text\":\"4.00%\"}],\"order\":71,\"text\":\"4.00%\"},{\"bbox\":[1021.3,1171.0,1072.9,1193.6],\"lines\":[{\"bbox\":[1021.3,1171.0,1072.9,1193.6],\"text\":\"4.45%\"}],\"order\":72,\"text\":\"4.45%\"},{\"bbox\":[1115.1,1169.9,1166.7,1192.5],\"lines\":[{\"bbox\":[1115.1,1169.9,1166.7,1192.5],\"text\":\"4.70%\"}],\"order\":73,\"text\":\"4.70%\"},{\"bbox\":[945.7,1218.1,979.7,1240.5],\"lines\":[{\"bbox\":[945.7,1218.1,979.7,1240.5],\"text\":\"N/A\"}],\"order\":74,\"text\":\"N/A\"},{\"bbox\":[1039.4,1217.0,1073.5,1239.4],\"lines\":[{\"bbox\":[1039.4,1217.0,1073.5,1239.4],\"text\":\"N/A\"}],\"order\":75,\"text\":\"N/A\"},{\"bbox\":[1133.2,1215.9,1167.2,1238.3],\"lines\":[{\"bbox\":[1133.2,1215.9,1167.2,1238.3],\"text\":\"N/A\"}],\"order\":76,\"text\":\"N/A\"},{\"bbox\":[661.6,1300.1,768.5,1321.0],\"lines\":[{\"bbox\":[661.6,1300.1,768.5,1321.0],\"text\":\"Discount rate\"}],\"order\":77,\"text\":\"Discount rate\"},{\"bbox\":[929.0,1297.2,980.6,1319.8],\"lines\":[{\"bbox\":[929.0,1297.2,980.6,1319.8],\"text\":\"4.45%\"}],\"order\":78,\"text\":\"4.45%\"},{\"bbox\":[1022.7,1296.1,1074.4,1318.8],\"lines\":[{\"bbox\":[1022.7,1296.1,1074.4,1318.8],\"text\":\"4.70%\"}],\"order\":79,\"text\":\"4.70%\"},{\"bbox\":[1116.5,1295.1,1168.1,1317.7],\"lines\":[{\"bbox\":[1116.5,1295.1,1168.1,1317.7],\"text\":\"4.15%\"}],\"order\":80,\"text\":\"4.15%\"},{\"bbox\":[661.9,1324.9,855.9,1367.6],\"lines\":[{\"bbox\":[661.9,1324.9,855.6,1346.8],\"text\":\"Expected return on plan\"},{\"bbox\":[679.0,1347.2,727.3,1367.4],\"text\":\"assets\"}],\"order\":81,\"text\":\"Expected return on plan\\nassets\"},{\"bbox\":[929.5,1343.2,981.1,1365.8],\"lines\":[{\"bbox\":[929.5,1343.2,981.1,1365.8],\"text\":\"7.00%\"}],\"order\":82,\"text\":\"7.00%\"},{\"bbox\":[1023.3,1342.1,1074.9,1364.7],\"lines\":[{\"bbox\":[1023.3,1342.1,1074.9,1364.7],\"text\":\"7.00%\"}],\"order\":83,\"text\":\"7.00%\"},{\"bbox\":[1117.0,1341.1,1168.6,1363.7],\"lines\":[{\"bbox\":[1117.0,1341.1,1168.6,1363.7],\"text\":\"7.00%\"}],\"order\":84,\"text\":\"7.00%\"},{\"bbox\":[662.5,1371.1,836.7,1413.6],\"lines\":[{\"bbox\":[662.5,1371.1,836.5,1392.8],\"text\":\"Rate of compensation\"},{\"bbox\":[679.5,1393.0,744.5,1413.4],\"text\":\"increase\"}],\"order\":85,\"text\":\"Rate of compensation\\nincrease\"},{\"bbox\":[947.6,1389.2,981.7,1411.6],\"lines\":[{\"bbox\":[947.6,1389.2,981.7,1411.6],\"text\":\"N/A\"}],\"order\":86,\"text\":\"N/A\"},{\"bbox\":[1041.4,1388.1,1075.4,1410.5],\"lines\":[{\"bbox\":[1041.4,1388.1,1075.4,1410.5],\"text\":\"N/A\"}],\"order\":87,\"text\":\"N/A\"},{\"bbox\":[1135.1,1387.1,1169.2,1409.5],\"lines\":[{\"bbox\":[1135.1,1387.1,1169.2,1409.5],\"text\":\"N/A\"}],\"order\":88,\"text\":\"N/A\"},{\"bbox\":[659.3,1096.9,771.9,1117.8],\"lines\":[{\"bbox\":[659.3,1096.9,771.9,1117.8],\"text\":\"December 31,\"}],\"order\":89,\"text\":\"December 31,\"},{\"bbox\":[659.7,1124.2,862.2,1167.0],\"lines\":[{\"bbox\":[659.7,1124.2,861.9,1146.1],\"text\":\"ACCUMULATED BENEFIT\"},{\"bbox\":[676.7,1145.9,781.2,1166.8],\"text\":\"OBLIGATION\"}],\"order\":90,\"text\":\"ACCUMULATED BENEFIT\\nOBLIGATION\"},{\"bbox\":[660.2,1175.0,767.1,1195.8],\"lines\":[{\"bbox\":[660.2,1175.0,767.1,1195.8],\"text\":\"Discount rate\"}],\"order\":91,\"text\":\"Discount rate\"},{\"bbox\":[660.5,1200.0,834.8,1242.4],\"lines\":[{\"bbox\":[660.5,1200.0,834.5,1221.6],\"text\":\"Rate of compensation\"},{\"bbox\":[677.6,1221.9,742.6,1242.3],\"text\":\"increase\"}],\"order\":92,\"text\":\"Rate of compensation\\nincrease\"},{\"bbox\":[661.3,1273.2,819.6,1294.6],\"lines\":[{\"bbox\":[661.3,1273.2,819.6,1294.6],\"text\":\"NET BENEFIT COST\"}],\"order\":93,\"text\":\"NET BENEFIT COST\"},{\"bbox\":[904.0,1584.1,1149.7,1606.4],\"lines\":[{\"bbox\":[904.0,1584.1,1149.7,1606.4],\"text\":\"Rollins, Inc. 2017 Annual Report\"}],\"order\":94,\"text\":\"Rollins, Inc. 2017 Annual Report\"},{\"bbox\":[1168.3,1574.0,1211.9,1611.1],\"lines\":[{\"bbox\":[1168.3,1574.0,1211.9,1611.1],\"text\":\"| 61\"}],\"order\":95,\"text\":\"| 61\"}],\"doc\":\"fintabnet:ROL_2017\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Part II\\nItem 8 — Financial Statements and Supplementary Data\\n\\nIn June 2005, the Company froze the Rollins, Inc. defined\\nbenefit pension plan. The Company currently uses\\nDecember 31 as the measurement date for its defined\\n\\nbenefit post-retirement plans. The funded status of the Plans\\nand the net amount recognized in the statement of financial\\nposition are summarized as follows as of:\\n\\nDecember 31,\\n\\n2017\\n\\n2016\\n\\n(in thousands)\\n\\nCHANGE IN ACCUMULATED BENEFIT OBLIGATION\\n\\n$ 197,222\\n\\n$ 200,375\\n\\n  Service cost\\n\\n58\\n\\n71\\n\\n  Interest cost\\n\\n8,493\\n\\n9,331\\n\\n   Actuarial (gain) loss\\n\\n6,762\\n\\n6,079\\n\\nAccumulated benefit obligation at beginning of year\\n\\n(10,225)\\n\\n(18,634)\\n\\n202,310\\n\\n197,222\\n\\n   Market value of plan assets at beginning of year\\n\\n194,342\\n\\n190,640\\n\\n   Actual return on plan assets\\n\\n35,788\\n\\n19,080\\n\\n—\\n\\n3,256\\n\\n(10,225)\\n\\n(18,634)\\n\\n219,905\\n\\n194,342\\n\\n  Benefits paid\\n\\nAccumulated Benefit obligation at end of year\\n\\nCHANGE IN PLAN ASSETS\\n\\n  Benefits paid\\n\\nFair value of plan assets at end of year\\n\\n$\\n\\nFunded status\\n\\n17,595\\n\\n$\\n\\n2017 Form 10-K\\n\\n  Employer contribution\\n\\n(2,880)\\n\\nAmounts Recognized in the Statement of Financial Position consist of:\\n\\n2017\\n\\nDecember 31,\\n\\n2016\\n\\n(in thousands)\\n\\n$\\n\\nNoncurrent assets/(liabilities)\\n\\n17,595\\n\\n$\\n\\n(2,880)\\n\\nAmounts Recognized in Accumulated Other Comprehensive Income consists of:\\n\\n2017\\n\\n2016\\n\\n$ 61,598\\n\\n$ 80,662\\n\\nDecember 31,\\n\\n(in thousands)\\n\\nNet actuarial loss\\n\\nThe accumulated benefit obligation for the defined benefit\\npension plans were $202.3 million and $197.2 million at\\nDecember 31, 2017 and December 31, 2016, respectively.\\nAccumulated benefit obligation and projected benefit\\nobligation are materially the same for the Plans. Pre-tax\\n(increases)/decreases in the pension liability which were\\n(charged, net of tax) credited to other comprehensive\\nincome/ (loss) were $19.0 million, $3.0 million, and $14.8\\nmillion in 2017, 2016, and 2015, respectively.\\n\\nThe following weighted-average assumptions were used\\nto determine the accumulated benefit obligation and net\\nbenefit cost:\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n4.00%\\n\\n4.45%\\n\\n4.70%\\n\\nN/A\\n\\nN/A\\n\\nN/A\\n\\nDiscount rate\\n\\n4.45%\\n\\n4.70%\\n\\n4.15%\\n\\nExpected return on plan\\nassets\\n\\n7.00%\\n\\n7.00%\\n\\n7.00%\\n\\nRate of compensation\\nincrease\\n\\nN/A\\n\\nN/A\\n\\nN/A\\n\\nDecember 31,\\n\\nACCUMULATED BENEFIT\\nOBLIGATION\\n\\nDiscount rate\\n\\nRate of compensation\\nincrease\\n\\nNET BENEFIT COST\\n\\nRollins, Inc. 2017 Annual Report\\n\\n| 61\",\"name\":\"fintabnet.ROL_2017_page_63__150dpi_mild\",\"page_id\":\"fintabnet.ROL_2017_page_63\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.649,\"source\":\"fintabnet\",\"source_id\":\"ROL_2017_page_63\",\"stack\":[{\"deg\":0.649,\"op\":\"skew\"},{\"amp\":0.079,\"angle\":285.6,\"blob\":0.381,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.354},{\"op\":\"noise\",\"sigma\":2.085},{\"op\":\"jpeg\",\"q\":81}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[659.3,1090.5,1169.2,1414.8],\"block_orders\":[68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93],\"cells\":null},{\"bbox\":[115.3,231.4,1157.3,738.0],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,46,47],\"cells\":null},{\"bbox\":[123.4,948.9,1156.6,1050.5],\"block_orders\":[59,60,61,62,63,64,65],\"cells\":null}],\"text\":\"Part II\\nItem 8 — Financial Statements and Supplementary Data\\n\\nIn June 2005, the Company froze the Rollins, Inc. defined\\nbenefit pension plan. The Company currently uses\\nDecember 31 as the measurement date for its defined\\n\\nbenefit post-retirement plans. The funded status of the Plans\\nand the net amount recognized in the statement of financial\\nposition are summarized as follows as of:\\n\\nDecember 31,\\n\\n2017\\n\\n2016\\n\\n(in thousands)\\n\\nCHANGE IN ACCUMULATED BENEFIT OBLIGATION\\n\\n$ 197,222\\n\\n$ 200,375\\n\\n  Service cost\\n\\n58\\n\\n71\\n\\n  Interest cost\\n\\n8,493\\n\\n9,331\\n\\n   Actuarial (gain) loss\\n\\n6,762\\n\\n6,079\\n\\nAccumulated benefit obligation at beginning of year\\n\\n(10,225)\\n\\n(18,634)\\n\\n202,310\\n\\n197,222\\n\\n   Market value of plan assets at beginning of year\\n\\n194,342\\n\\n190,640\\n\\n   Actual return on plan assets\\n\\n35,788\\n\\n19,080\\n\\n—\\n\\n3,256\\n\\n(10,225)\\n\\n(18,634)\\n\\n219,905\\n\\n194,342\\n\\n  Benefits paid\\n\\nAccumulated Benefit obligation at end of year\\n\\nCHANGE IN PLAN ASSETS\\n\\n  Benefits paid\\n\\nFair value of plan assets at end of year\\n\\n$\\n\\nFunded status\\n\\n17,595\\n\\n$\\n\\n2017 Form 10-K\\n\\n  Employer contribution\\n\\n(2,880)\\n\\nAmounts Recognized in the Statement of Financial Position consist of:\\n\\n2017\\n\\nDecember 31,\\n\\n2016\\n\\n(in thousands)\\n\\n$\\n\\nNoncurrent assets/(liabilities)\\n\\n17,595\\n\\n$\\n\\n(2,880)\\n\\nAmounts Recognized in Accumulated Other Comprehensive Income consists of:\\n\\n2017\\n\\n2016\\n\\n$ 61,598\\n\\n$ 80,662\\n\\nDecember 31,\\n\\n(in thousands)\\n\\nNet actuarial loss\\n\\nThe accumulated benefit obligation for the defined benefit\\npension plans were $202.3 million and $197.2 million at\\nDecember 31, 2017 and December 31, 2016, respectively.\\nAccumulated benefit obligation and projected benefit\\nobligation are materially the same for the Plans. Pre-tax\\n(increases)/decreases in the pension liability which were\\n(charged, net of tax) credited to other comprehensive\\nincome/ (loss) were $19.0 million, $3.0 million, and $14.8\\nmillion in 2017, 2016, and 2015, respectively.\\n\\nThe following weighted-average assumptions were used\\nto determine the accumulated benefit obligation and net\\nbenefit cost:\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n4.00%\\n\\n4.45%\\n\\n4.70%\\n\\nN/A\\n\\nN/A\\n\\nN/A\\n\\nDiscount rate\\n\\n4.45%\\n\\n4.70%\\n\\n4.15%\\n\\nExpected return on plan\\nassets\\n\\n7.00%\\n\\n7.00%\\n\\n7.00%\\n\\nRate of compensation\\nincrease\\n\\nN/A\\n\\nN/A\\n\\nN/A\\n\\nDecember 31,\\n\\nACCUMULATED BENEFIT\\nOBLIGATION\\n\\nDiscount rate\\n\\nRate of compensation\\nincrease\\n\\nNET BENEFIT COST\\n\\nRollins, Inc. 2017 Annual Report\\n\\n| 61\"},\"name\":\"fintabnet.ROL_2017_page_63__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":308259,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:ROL_2017\",\"dpi\":150,\"gt_sha256\":\"5175ea564c88f09f77cbc1039aa4b7c1d9686263a53126aacc43c371ba648c29\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.ROL_2017_page_63__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.ROL_2017_page_63\",\"pdf_sha256\":\"a469f48cf5519034313ba945759f23161d3ef51d56b44b16f99288f986a33329\",\"px\":[1275,1650],\"scan\":{\"render\":\"00003efc60187e1e3c1f3e1f381f7f1f701c600a305e3ef83cd800d800000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"ROL_2017_page_63\",\"src\":{\"file_sha256\":\"f3ddc9d325817160fc8f2f328c7c63697ca1adb61225e63563a044680a97723e\",\"render\":\"000000003e183ffc3e1e7fff3c1f7f9d7ffe7fdc38dc3efc3cfc00d000000000\",\"text\":\"b6da0a2dd9eb72f6edee85c525d2a60e9f7e67fea9882e757fdd8120aae870d0\"},\"stack\":[{\"deg\":0.649,\"op\":\"skew\"},{\"amp\":0.079,\"angle\":285.6,\"blob\":0.381,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.354},{\"op\":\"noise\",\"sigma\":2.085},{\"op\":\"jpeg\",\"q\":81}],\"tools\":\"21647cade0ee\"},\"sha256\":\"a469f48cf5519034313ba945759f23161d3ef51d56b44b16f99288f986a33329\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/a469f48cf5519034313ba945759f23161d3ef51d56b44b16f99288f986a33329.pdf","asset_sha256":"a469f48cf5519034313ba945759f23161d3ef51d56b44b16f99288f986a33329","document_id":"fintabnet:ROL_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"ROL_2017_page_63\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RSG_2010_page_141\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RSG_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[494.8,116.2,766.7,139.4],\"lines\":[{\"bbox\":[494.8,116.2,766.7,139.4],\"text\":\"REPUBLIC SERVICES, INC.\"}],\"order\":0,\"text\":\"REPUBLIC SERVICES, INC.\"},{\"bbox\":[286.8,150.2,973.6,180.5],\"lines\":[{\"bbox\":[286.8,150.2,973.6,180.5],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED\"},{\"bbox\":[153.0,198.8,1092.5,283.8],\"lines\":[{\"bbox\":[153.8,198.8,1092.5,233.8],\"text\":\"The amounts included in accumulated other comprehensive income on the consolidated statement of financial\"},{\"bbox\":[153.4,223.8,1079.1,258.5],\"text\":\"position that have not yet been recognized as components of net periodic benefit cost at December 31, 2010\"},{\"bbox\":[153.0,248.8,362.6,271.3],\"text\":\"and 2009 are as follows:\"}],\"order\":2,\"text\":\"The amounts included in accumulated other comprehensive income on the consolidated statement of financial\\nposition that have not yet been recognized as components of net periodic benefit cost at December 31, 2010\\nand 2009 are as follows:\"},{\"bbox\":[626.1,327.7,764.6,405.2],\"lines\":[{\"bbox\":[662.9,328.3,728.5,348.3],\"text\":\"Pension\"},{\"bbox\":[659.8,353.3,730.8,373.4],\"text\":\"Benefits\"},{\"bbox\":[626.1,383.9,668.1,403.5],\"text\":\"2010\"},{\"bbox\":[721.6,385.6,763.6,405.2],\"text\":\"2009\"}],\"order\":3,\"text\":\"Pension\\nBenefits\\n2010\\n2009\"},{\"bbox\":[811.9,305.8,940.4,408.2],\"lines\":[{\"bbox\":[816.0,305.9,937.2,326.9],\"text\":\"Postretirement\"},{\"bbox\":[830.9,331.2,921.5,351.7],\"text\":\"Healthcare\"},{\"bbox\":[857.3,356.7,894.7,376.2],\"text\":\"Plan\"},{\"bbox\":[811.9,387.1,853.9,406.7],\"text\":\"2010\"},{\"bbox\":[897.0,388.6,939.0,408.2],\"text\":\"2009\"}],\"order\":4,\"text\":\"Postretirement\\nHealthcare\\nPlan\\n2010\\n2009\"},{\"bbox\":[978.6,358.8,1099.3,410.9],\"lines\":[{\"bbox\":[1014.2,359.4,1064.4,379.2],\"text\":\"SERP\"},{\"bbox\":[978.6,390.0,1020.6,409.6],\"text\":\"2010\"},{\"bbox\":[1056.8,391.3,1098.8,410.9],\"text\":\"2009\"}],\"order\":5,\"text\":\"SERP\\n2010\\n2009\"},{\"bbox\":[613.6,452.6,685.1,472.7],\"lines\":[{\"bbox\":[613.6,452.6,685.1,472.7],\"text\":\"$ (40.2)\"}],\"order\":6,\"text\":\"$ (40.2)\"},{\"bbox\":[804.7,455.9,865.7,475.8],\"lines\":[{\"bbox\":[804.7,455.9,865.7,475.8],\"text\":\"$ (0.2)\"}],\"order\":7,\"text\":\"$ (0.2)\"},{\"bbox\":[974.8,458.8,1022.1,478.5],\"lines\":[{\"bbox\":[974.8,458.8,1022.1,478.5],\"text\":\"$ 0.1\"}],\"order\":8,\"text\":\"$ 0.1\"},{\"bbox\":[150.1,413.4,565.2,439.4],\"lines\":[{\"bbox\":[150.1,413.4,565.2,439.4],\"text\":\"Accumulated other comprehensive loss (income)\"}],\"order\":9,\"text\":\"Accumulated other comprehensive loss (income)\"},{\"bbox\":[170.5,445.0,375.6,467.4],\"lines\":[{\"bbox\":[170.5,445.0,375.6,467.4],\"text\":\"Net actuarial (gain) loss\"}],\"order\":10,\"text\":\"Net actuarial (gain) loss\"},{\"bbox\":[709.1,454.2,780.7,474.4],\"lines\":[{\"bbox\":[709.1,454.2,780.7,474.4],\"text\":\"$ (29.4)\"}],\"order\":11,\"text\":\"$ (29.4)\"},{\"bbox\":[889.8,457.3,950.8,477.3],\"lines\":[{\"bbox\":[889.8,457.3,950.8,477.3],\"text\":\"$ (0.4)\"}],\"order\":12,\"text\":\"$ (0.4)\"},{\"bbox\":[1053.0,460.1,1100.2,479.8],\"lines\":[{\"bbox\":[1053.0,460.1,1100.2,479.8],\"text\":\"$ 0.1\"}],\"order\":13,\"text\":\"$ 0.1\"},{\"bbox\":[148.8,490.4,763.7,519.8],\"lines\":[{\"bbox\":[148.8,490.4,763.7,519.8],\"text\":\"The components of the net periodic benefit cost are summarized below:\"}],\"order\":14,\"text\":\"The components of the net periodic benefit cost are summarized below:\"},{\"bbox\":[468.8,534.8,551.8,560.1],\"lines\":[{\"bbox\":[469.0,534.8,551.8,547.6],\"text\":\"Defined Benefit\"},{\"bbox\":[477.3,547.5,543.0,560.0],\"text\":\"Pension Plan\"}],\"order\":15,\"text\":\"Defined Benefit\\nPension Plan\"},{\"bbox\":[418.6,565.3,443.8,577.1],\"lines\":[{\"bbox\":[418.6,565.3,443.8,577.1],\"text\":\"2010\"}],\"order\":16,\"text\":\"2010\"},{\"bbox\":[146.8,589.1,377.7,633.1],\"lines\":[{\"bbox\":[147.2,589.1,377.7,608.1],\"text\":\"Components of net periodic benefit cost:\"},{\"bbox\":[161.4,614.2,233.8,630.6],\"text\":\"Service cost\"}],\"order\":17,\"text\":\"Components of net periodic benefit cost:\\nService cost\"},{\"bbox\":[407.6,618.5,415.2,633.7],\"lines\":[{\"bbox\":[407.6,618.5,415.2,633.7],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[434.4,618.9,452.9,634.4],\"lines\":[{\"bbox\":[434.4,618.9,452.9,634.4],\"text\":\"0.2\"}],\"order\":19,\"text\":\"0.2\"},{\"bbox\":[703.3,538.9,789.3,564.2],\"lines\":[{\"bbox\":[709.9,539.0,782.6,551.6],\"text\":\"Postretirement\"},{\"bbox\":[703.3,551.4,789.1,564.2],\"text\":\"Healthcare Plans\"}],\"order\":20,\"text\":\"Postretirement\\nHealthcare Plans\"},{\"bbox\":[497.3,566.6,522.5,578.4],\"lines\":[{\"bbox\":[497.3,566.6,522.5,578.4],\"text\":\"2009\"}],\"order\":21,\"text\":\"2009\"},{\"bbox\":[486.3,619.8,493.8,635.1],\"lines\":[{\"bbox\":[486.3,619.8,493.8,635.1],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[513.1,620.3,531.6,635.7],\"lines\":[{\"bbox\":[513.1,620.3,531.6,635.7],\"text\":\"0.2\"}],\"order\":23,\"text\":\"0.2\"},{\"bbox\":[576.0,568.0,601.2,579.8],\"lines\":[{\"bbox\":[576.0,568.0,601.2,579.8],\"text\":\"2008\"}],\"order\":24,\"text\":\"2008\"},{\"bbox\":[567.4,621.2,575.0,636.4],\"lines\":[{\"bbox\":[567.4,621.2,575.0,636.4],\"text\":\"$\"}],\"order\":25,\"text\":\"$\"},{\"bbox\":[654.7,569.3,679.9,581.1],\"lines\":[{\"bbox\":[654.7,569.3,679.9,581.1],\"text\":\"2010\"}],\"order\":26,\"text\":\"2010\"},{\"bbox\":[602.6,621.8,607.8,637.0],\"lines\":[{\"bbox\":[602.6,621.8,607.8,637.0],\"text\":\"-\"}],\"order\":27,\"text\":\"-\"},{\"bbox\":[646.1,622.5,653.7,637.8],\"lines\":[{\"bbox\":[646.1,622.5,653.7,637.8],\"text\":\"$\"}],\"order\":28,\"text\":\"$\"},{\"bbox\":[681.3,623.2,686.4,638.4],\"lines\":[{\"bbox\":[681.3,623.2,686.4,638.4],\"text\":\"-\"}],\"order\":29,\"text\":\"-\"},{\"bbox\":[967.3,555.9,997.3,567.8],\"lines\":[{\"bbox\":[967.3,555.9,997.3,567.8],\"text\":\"SERP\"}],\"order\":30,\"text\":\"SERP\"},{\"bbox\":[733.3,570.7,758.5,582.5],\"lines\":[{\"bbox\":[733.3,570.7,758.5,582.5],\"text\":\"2009\"}],\"order\":31,\"text\":\"2009\"},{\"bbox\":[812.0,572.0,837.2,583.8],\"lines\":[{\"bbox\":[812.0,572.0,837.2,583.8],\"text\":\"2008\"}],\"order\":32,\"text\":\"2008\"},{\"bbox\":[728.4,624.0,736.0,639.2],\"lines\":[{\"bbox\":[728.4,624.0,736.0,639.2],\"text\":\"$\"}],\"order\":33,\"text\":\"$\"},{\"bbox\":[807.0,625.3,814.6,640.6],\"lines\":[{\"bbox\":[807.0,625.3,814.6,640.6],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[756.3,624.4,761.4,639.6],\"lines\":[{\"bbox\":[756.3,624.4,761.4,639.6],\"text\":\"-\"}],\"order\":35,\"text\":\"-\"},{\"bbox\":[835.0,625.8,840.1,641.0],\"lines\":[{\"bbox\":[835.0,625.8,840.1,641.0],\"text\":\"-\"}],\"order\":36,\"text\":\"-\"},{\"bbox\":[890.6,573.4,915.8,585.2],\"lines\":[{\"bbox\":[890.6,573.4,915.8,585.2],\"text\":\"2010\"}],\"order\":37,\"text\":\"2010\"},{\"bbox\":[882.1,626.6,889.7,641.8],\"lines\":[{\"bbox\":[882.1,626.6,889.7,641.8],\"text\":\"$\"}],\"order\":38,\"text\":\"$\"},{\"bbox\":[969.3,574.7,994.5,586.5],\"lines\":[{\"bbox\":[969.3,574.7,994.5,586.5],\"text\":\"2009\"}],\"order\":39,\"text\":\"2009\"},{\"bbox\":[917.3,627.2,922.4,642.4],\"lines\":[{\"bbox\":[917.3,627.2,922.4,642.4],\"text\":\"-\"}],\"order\":40,\"text\":\"-\"},{\"bbox\":[960.7,627.9,968.2,643.2],\"lines\":[{\"bbox\":[960.7,627.9,968.2,643.2],\"text\":\"$\"}],\"order\":41,\"text\":\"$\"},{\"bbox\":[1047.9,576.1,1073.1,587.9],\"lines\":[{\"bbox\":[1047.9,576.1,1073.1,587.9],\"text\":\"2008\"}],\"order\":42,\"text\":\"2008\"},{\"bbox\":[996.0,628.5,1001.1,643.7],\"lines\":[{\"bbox\":[996.0,628.5,1001.1,643.7],\"text\":\"-\"}],\"order\":43,\"text\":\"-\"},{\"bbox\":[1039.4,629.3,1046.9,644.5],\"lines\":[{\"bbox\":[1039.4,629.3,1046.9,644.5],\"text\":\"$\"}],\"order\":44,\"text\":\"$\"},{\"bbox\":[1074.7,629.9,1079.8,645.1],\"lines\":[{\"bbox\":[1074.7,629.9,1079.8,645.1],\"text\":\"-\"}],\"order\":45,\"text\":\"-\"},{\"bbox\":[161.0,639.3,233.3,655.6],\"lines\":[{\"bbox\":[161.0,639.3,233.3,655.6],\"text\":\"Interest cost\"}],\"order\":46,\"text\":\"Interest cost\"},{\"bbox\":[426.7,643.8,452.5,659.4],\"lines\":[{\"bbox\":[426.7,643.8,452.5,659.4],\"text\":\"20.5\"}],\"order\":47,\"text\":\"20.5\"},{\"bbox\":[505.4,645.2,531.2,660.7],\"lines\":[{\"bbox\":[505.4,645.2,531.2,660.7],\"text\":\"20.2\"}],\"order\":48,\"text\":\"20.2\"},{\"bbox\":[588.9,646.6,607.4,662.0],\"lines\":[{\"bbox\":[588.9,646.6,607.4,662.0],\"text\":\"1.8\"}],\"order\":49,\"text\":\"1.8\"},{\"bbox\":[667.6,648.0,686.1,663.4],\"lines\":[{\"bbox\":[667.6,648.0,686.1,663.4],\"text\":\"0.1\"}],\"order\":50,\"text\":\"0.1\"},{\"bbox\":[742.6,649.2,761.1,664.7],\"lines\":[{\"bbox\":[742.6,649.2,761.1,664.7],\"text\":\"0.2\"}],\"order\":51,\"text\":\"0.2\"},{\"bbox\":[834.6,650.8,839.7,666.0],\"lines\":[{\"bbox\":[834.6,650.8,839.7,666.0],\"text\":\"-\"}],\"order\":52,\"text\":\"-\"},{\"bbox\":[903.6,652.0,922.1,667.4],\"lines\":[{\"bbox\":[903.6,652.0,922.1,667.4],\"text\":\"0.3\"}],\"order\":53,\"text\":\"0.3\"},{\"bbox\":[982.3,653.4,1000.8,668.8],\"lines\":[{\"bbox\":[982.3,653.4,1000.8,668.8],\"text\":\"0.5\"}],\"order\":54,\"text\":\"0.5\"},{\"bbox\":[1061.0,654.7,1079.5,670.1],\"lines\":[{\"bbox\":[1061.0,654.7,1079.5,670.1],\"text\":\"0.1\"}],\"order\":55,\"text\":\"0.1\"},{\"bbox\":[160.1,664.3,343.0,707.5],\"lines\":[{\"bbox\":[160.6,664.3,343.0,682.6],\"text\":\"Expected return on plan assets\"},{\"bbox\":[160.1,689.2,301.6,706.8],\"text\":\"Curtailment recognition\"}],\"order\":56,\"text\":\"Expected return on plan assets\\nCurtailment recognition\"},{\"bbox\":[421.0,668.8,456.9,709.4],\"lines\":[{\"bbox\":[421.4,668.8,456.9,684.5],\"text\":\"(23.6)\"},{\"bbox\":[446.5,694.2,451.6,709.4],\"text\":\"-\"}],\"order\":57,\"text\":\"(23.6)\\n-\"},{\"bbox\":[499.6,670.1,535.6,710.8],\"lines\":[{\"bbox\":[500.1,670.1,535.6,685.9],\"text\":\"(21.4)\"},{\"bbox\":[525.2,695.5,530.3,710.7],\"text\":\"-\"}],\"order\":58,\"text\":\"(21.4)\\n-\"},{\"bbox\":[583.2,671.6,611.8,712.1],\"lines\":[{\"bbox\":[583.6,671.6,611.8,687.2],\"text\":\"(1.7)\"},{\"bbox\":[601.4,696.8,606.5,712.0],\"text\":\"-\"}],\"order\":59,\"text\":\"(1.7)\\n-\"},{\"bbox\":[680.1,673.2,685.6,713.4],\"lines\":[{\"bbox\":[680.5,673.2,685.6,688.4],\"text\":\"-\"},{\"bbox\":[680.1,698.2,685.2,713.4],\"text\":\"-\"}],\"order\":60,\"text\":\"-\\n-\"},{\"bbox\":[736.9,674.2,765.5,714.7],\"lines\":[{\"bbox\":[755.5,674.5,760.6,689.7],\"text\":\"-\"},{\"bbox\":[736.9,699.1,765.1,714.7],\"text\":\"(0.2)\"}],\"order\":61,\"text\":\"-\\n(0.2)\"},{\"bbox\":[833.8,675.9,839.3,716.0],\"lines\":[{\"bbox\":[834.2,675.9,839.3,691.1],\"text\":\"-\"},{\"bbox\":[833.8,700.8,838.9,716.0],\"text\":\"-\"}],\"order\":62,\"text\":\"-\\n-\"},{\"bbox\":[916.1,677.3,921.7,717.4],\"lines\":[{\"bbox\":[916.5,677.3,921.6,692.5],\"text\":\"-\"},{\"bbox\":[916.1,702.2,921.3,717.4],\"text\":\"-\"}],\"order\":63,\"text\":\"-\\n-\"},{\"bbox\":[981.5,678.4,1000.4,718.8],\"lines\":[{\"bbox\":[995.2,678.6,1000.3,693.8],\"text\":\"-\"},{\"bbox\":[981.5,703.3,1000.0,718.8],\"text\":\"2.0\"}],\"order\":64,\"text\":\"-\\n2.0\"},{\"bbox\":[1060.1,679.7,1079.1,720.1],\"lines\":[{\"bbox\":[1073.9,680.0,1079.0,695.2],\"text\":\"-\"},{\"bbox\":[1060.1,704.7,1078.6,720.1],\"text\":\"0.1\"}],\"order\":65,\"text\":\"-\\n0.1\"},{\"bbox\":[405.8,724.8,456.0,740.7],\"lines\":[{\"bbox\":[405.8,724.8,456.0,740.7],\"text\":\"$ (2.9)\"}],\"order\":66,\"text\":\"$ (2.9)\"},{\"bbox\":[484.5,726.1,534.6,742.1],\"lines\":[{\"bbox\":[484.5,726.1,534.6,742.1],\"text\":\"$ (1.0)\"}],\"order\":67,\"text\":\"$ (1.0)\"},{\"bbox\":[565.6,727.5,606.0,743.3],\"lines\":[{\"bbox\":[565.6,727.5,606.0,743.3],\"text\":\"$ 0.1\"}],\"order\":68,\"text\":\"$ 0.1\"},{\"bbox\":[644.3,728.9,684.7,744.7],\"lines\":[{\"bbox\":[644.3,728.9,684.7,744.7],\"text\":\"$ 0.1\"}],\"order\":69,\"text\":\"$ 0.1\"},{\"bbox\":[833.2,732.1,838.3,747.3],\"lines\":[{\"bbox\":[833.2,732.1,838.3,747.3],\"text\":\"-\"}],\"order\":70,\"text\":\"-\"},{\"bbox\":[880.3,732.9,920.7,748.7],\"lines\":[{\"bbox\":[880.3,732.9,920.7,748.7],\"text\":\"$ 0.3\"}],\"order\":71,\"text\":\"$ 0.3\"},{\"bbox\":[958.9,734.2,999.4,750.1],\"lines\":[{\"bbox\":[958.9,734.2,999.4,750.1],\"text\":\"$ 2.5\"}],\"order\":72,\"text\":\"$ 2.5\"},{\"bbox\":[1037.6,735.6,1078.0,751.4],\"lines\":[{\"bbox\":[1037.6,735.6,1078.0,751.4],\"text\":\"$ 0.2\"}],\"order\":73,\"text\":\"$ 0.2\"},{\"bbox\":[145.0,720.3,293.4,738.0],\"lines\":[{\"bbox\":[145.0,720.3,293.4,738.0],\"text\":\"Net periodic benefit cost\"}],\"order\":74,\"text\":\"Net periodic benefit cost\"},{\"bbox\":[726.7,730.3,734.2,745.5],\"lines\":[{\"bbox\":[726.7,730.3,734.2,745.5],\"text\":\"$\"}],\"order\":75,\"text\":\"$\"},{\"bbox\":[754.5,730.7,759.6,745.9],\"lines\":[{\"bbox\":[754.5,730.7,759.6,745.9],\"text\":\"-\"}],\"order\":76,\"text\":\"-\"},{\"bbox\":[805.2,731.6,812.8,746.9],\"lines\":[{\"bbox\":[805.2,731.6,812.8,746.9],\"text\":\"$\"}],\"order\":77,\"text\":\"$\"},{\"bbox\":[144.4,755.7,591.5,778.5],\"lines\":[{\"bbox\":[144.4,755.7,591.5,778.5],\"text\":\"Weighted average assumptions used to determine net periodic benefit cost:\"}],\"order\":78,\"text\":\"Weighted average assumptions used to determine net periodic benefit cost:\"},{\"bbox\":[172.6,787.5,355.4,830.7],\"lines\":[{\"bbox\":[173.0,787.5,252.6,804.0],\"text\":\"Discount rate\"},{\"bbox\":[172.6,812.5,355.0,830.7],\"text\":\"Expected return on plan assets\"}],\"order\":79,\"text\":\"Discount rate\\nExpected return on plan assets\"},{\"bbox\":[423.7,791.9,462.1,832.5],\"lines\":[{\"bbox\":[424.2,791.9,462.1,807.6],\"text\":\"5.75%\"},{\"bbox\":[423.7,816.8,461.7,832.5],\"text\":\"7.25%\"}],\"order\":80,\"text\":\"5.75%\\n7.25%\"},{\"bbox\":[502.4,793.2,540.8,833.9],\"lines\":[{\"bbox\":[502.9,793.2,540.8,809.0],\"text\":\"5.75%\"},{\"bbox\":[502.4,818.1,540.4,833.9],\"text\":\"7.25%\"}],\"order\":81,\"text\":\"5.75%\\n7.25%\"},{\"bbox\":[578.6,794.5,617.0,835.2],\"lines\":[{\"bbox\":[579.0,794.5,617.0,810.3],\"text\":\"6.50%\"},{\"bbox\":[578.6,819.4,616.6,835.2],\"text\":\"7.50%\"}],\"order\":82,\"text\":\"6.50%\\n7.50%\"},{\"bbox\":[657.3,795.9,695.7,836.5],\"lines\":[{\"bbox\":[657.7,795.9,695.7,811.6],\"text\":\"5.75%\"},{\"bbox\":[657.8,820.8,683.2,836.3],\"text\":\"N/A\"}],\"order\":83,\"text\":\"5.75%\\nN/A\"},{\"bbox\":[732.3,797.1,770.7,837.8],\"lines\":[{\"bbox\":[732.7,797.1,770.7,812.9],\"text\":\"5.75%\"},{\"bbox\":[732.8,822.1,758.2,837.6],\"text\":\"N/A\"}],\"order\":84,\"text\":\"5.75%\\nN/A\"},{\"bbox\":[811.0,798.5,849.4,839.2],\"lines\":[{\"bbox\":[811.4,798.5,849.4,814.3],\"text\":\"6.50%\"},{\"bbox\":[811.5,823.4,836.9,839.0],\"text\":\"N/A\"}],\"order\":85,\"text\":\"6.50%\\nN/A\"},{\"bbox\":[893.4,799.9,931.7,840.6],\"lines\":[{\"bbox\":[893.8,799.9,931.7,815.7],\"text\":\"5.75%\"},{\"bbox\":[893.8,824.8,919.2,840.4],\"text\":\"N/A\"}],\"order\":86,\"text\":\"5.75%\\nN/A\"},{\"bbox\":[972.0,801.2,1010.4,841.9],\"lines\":[{\"bbox\":[972.5,801.2,1010.4,817.0],\"text\":\"5.75%\"},{\"bbox\":[972.5,826.2,997.9,841.7],\"text\":\"N/A\"}],\"order\":87,\"text\":\"5.75%\\nN/A\"},{\"bbox\":[1050.7,802.6,1089.1,843.3],\"lines\":[{\"bbox\":[1051.1,802.6,1089.1,818.4],\"text\":\"6.50%\"},{\"bbox\":[1051.2,827.5,1076.6,843.1],\"text\":\"N/A\"}],\"order\":88,\"text\":\"6.50%\\nN/A\"},{\"bbox\":[172.2,837.5,354.6,855.8],\"lines\":[{\"bbox\":[172.2,837.5,354.6,855.8],\"text\":\"Rate of compensation increase\"}],\"order\":89,\"text\":\"Rate of compensation increase\"},{\"bbox\":[423.3,841.8,461.3,857.6],\"lines\":[{\"bbox\":[423.3,841.8,461.3,857.6],\"text\":\"4.00%\"}],\"order\":90,\"text\":\"4.00%\"},{\"bbox\":[502.0,843.2,539.9,858.9],\"lines\":[{\"bbox\":[502.0,843.2,539.9,858.9],\"text\":\"4.00%\"}],\"order\":91,\"text\":\"4.00%\"},{\"bbox\":[578.2,844.5,616.1,860.2],\"lines\":[{\"bbox\":[578.2,844.5,616.1,860.2],\"text\":\"4.00%\"}],\"order\":92,\"text\":\"4.00%\"},{\"bbox\":[657.3,845.8,682.7,861.4],\"lines\":[{\"bbox\":[657.3,845.8,682.7,861.4],\"text\":\"N/A\"}],\"order\":93,\"text\":\"N/A\"},{\"bbox\":[732.4,847.1,757.7,862.7],\"lines\":[{\"bbox\":[732.4,847.1,757.7,862.7],\"text\":\"N/A\"}],\"order\":94,\"text\":\"N/A\"},{\"bbox\":[811.0,848.5,836.4,864.0],\"lines\":[{\"bbox\":[811.0,848.5,836.4,864.0],\"text\":\"N/A\"}],\"order\":95,\"text\":\"N/A\"},{\"bbox\":[893.4,849.9,918.8,865.4],\"lines\":[{\"bbox\":[893.4,849.9,918.8,865.4],\"text\":\"N/A\"}],\"order\":96,\"text\":\"N/A\"},{\"bbox\":[972.1,851.2,997.5,866.8],\"lines\":[{\"bbox\":[972.1,851.2,997.5,866.8],\"text\":\"N/A\"}],\"order\":97,\"text\":\"N/A\"},{\"bbox\":[1050.8,852.6,1076.1,868.1],\"lines\":[{\"bbox\":[1050.8,852.6,1076.1,868.1],\"text\":\"N/A\"}],\"order\":98,\"text\":\"N/A\"},{\"bbox\":[140.0,879.8,1091.6,1040.1],\"lines\":[{\"bbox\":[142.1,879.8,1086.7,914.9],\"text\":\"We determine the discount rate used in the measurement of our obligations based on a model that matches the\"},{\"bbox\":[141.7,904.9,1073.3,939.8],\"text\":\"timing and amount of expected benefit payments to maturities of high quality bonds priced as of the pension\"},{\"bbox\":[141.3,929.9,1044.4,964.3],\"text\":\"plan measurement date. Where that timing does not correspond to a published high-quality bond rate, our\"},{\"bbox\":[140.9,954.9,1086.1,990.0],\"text\":\"model uses an expected yield curve to determine an appropriate current discount rate. The yields on the bonds\"},{\"bbox\":[140.4,979.9,1089.8,1015.1],\"text\":\"are used to derive a discount rate for the liability. The term of our obligation, based on the expected retirement\"},{\"bbox\":[140.0,1005.0,573.7,1031.3],\"text\":\"dates of our workforce, is approximately ten years.\"}],\"order\":99,\"text\":\"We determine the discount rate used in the measurement of our obligations based on a model that matches the\\ntiming and amount of expected benefit payments to maturities of high quality bonds priced as of the pension\\nplan measurement date. Where that timing does not correspond to a published high-quality bond rate, our\\nmodel uses an expected yield curve to determine an appropriate current discount rate. The yields on the bonds\\nare used to derive a discount rate for the liability. The term of our obligation, based on the expected retirement\\ndates of our workforce, is approximately ten years.\"},{\"bbox\":[134.5,1050.7,1088.8,1360.9],\"lines\":[{\"bbox\":[139.2,1050.7,1082.0,1085.7],\"text\":\"In developing our expected rate of return assumption, we have evaluated the actual historical performance and\"},{\"bbox\":[138.8,1075.7,1066.8,1110.5],\"text\":\"long-term return projections of the Plan assets, which give consideration to the asset mix and the anticipated\"},{\"bbox\":[138.4,1100.6,1064.1,1135.4],\"text\":\"timing of the pension plan outflows. We employ a total return investment approach whereby a mix of equity\"},{\"bbox\":[137.9,1125.7,1084.5,1160.8],\"text\":\"and fixed income investments are used to maximize the long-term return of plan assets for what we consider a\"},{\"bbox\":[137.5,1150.7,1078.4,1185.8],\"text\":\"prudent level of risk. The intent of this strategy is to minimize plan expenses by outperforming plan liabilities\"},{\"bbox\":[137.1,1175.7,1057.8,1210.3],\"text\":\"over the long run. Risk tolerance is established through careful consideration of plan liabilities, plan funded\"},{\"bbox\":[136.6,1200.7,1056.6,1235.4],\"text\":\"status and our financial condition. The investment portfolio contains a diversified blend of equity and fixed\"},{\"bbox\":[136.2,1225.8,1085.8,1260.9],\"text\":\"income investments. Furthermore, equity investments are diversified across U.S. and non-U.S. stocks as well as\"},{\"bbox\":[135.8,1250.7,1039.9,1285.1],\"text\":\"growth, value, and small and large capitalizations. Derivatives may be used to gain market exposure in an\"},{\"bbox\":[135.4,1275.7,1082.8,1310.9],\"text\":\"efficient and timely manner. However, derivatives may not be used to leverage the portfolio beyond the market\"},{\"bbox\":[134.9,1300.8,1066.5,1335.6],\"text\":\"value of the underlying investments. Investment risk is measured and monitored on an ongoing basis through\"},{\"bbox\":[134.5,1325.7,1068.0,1360.6],\"text\":\"annual liability measurements, periodic asset and liability studies, and quarterly investment portfolio reviews.\"}],\"order\":100,\"text\":\"In developing our expected rate of return assumption, we have evaluated the actual historical performance and\\nlong-term return projections of the Plan assets, which give consideration to the asset mix and the anticipated\\ntiming of the pension plan outflows. We employ a total return investment approach whereby a mix of equity\\nand fixed income investments are used to maximize the long-term return of plan assets for what we consider a\\nprudent level of risk. The intent of this strategy is to minimize plan expenses by outperforming plan liabilities\\nover the long run. Risk tolerance is established through careful consideration of plan liabilities, plan funded\\nstatus and our financial condition. The investment portfolio contains a diversified blend of equity and fixed\\nincome investments. Furthermore, equity investments are diversified across U.S. and non-U.S. stocks as well as\\ngrowth, value, and small and large capitalizations. Derivatives may be used to gain market exposure in an\\nefficient and timely manner. However, derivatives may not be used to leverage the portfolio beyond the market\\nvalue of the underlying investments. Investment risk is measured and monitored on an ongoing basis through\\nannual liability measurements, periodic asset and liability studies, and quarterly investment portfolio reviews.\"},{\"bbox\":[132.9,1371.5,1060.8,1456.3],\"lines\":[{\"bbox\":[133.7,1371.5,1060.8,1406.3],\"text\":\"A one percentage point increase in the assumed health care cost trend rate would not have a material impact\"},{\"bbox\":[133.3,1396.5,1055.6,1431.2],\"text\":\"on the service and interest costs and would increase our postretirement benefit obligation by $0.1 million at\"},{\"bbox\":[132.9,1421.5,1008.8,1455.4],\"text\":\"December 31, 2010. A one percentage point decrease in the assumed health care cost trend rate would\"}],\"order\":101,\"text\":\"A one percentage point increase in the assumed health care cost trend rate would not have a material impact\\non the service and interest costs and would increase our postretirement benefit obligation by $0.1 million at\\nDecember 31, 2010. A one percentage point decrease in the assumed health care cost trend rate would\"},{\"bbox\":[591.6,1479.4,623.2,1498.8],\"lines\":[{\"bbox\":[591.6,1479.4,623.2,1498.8],\"text\":\"129\"}],\"order\":102,\"text\":\"129\"}],\"doc\":\"fintabnet:RSG_2010\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"REPUBLIC SERVICES, INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED\\n\\nThe amounts included in accumulated other comprehensive income on the consolidated statement of financial\\nposition that have not yet been recognized as components of net periodic benefit cost at December 31, 2010\\nand 2009 are as follows:\\n\\n|  | Pension Benefits |  | Postretirement Healthcare Plan |  | SERP |  |\\n| --- | --- | --- | --- | --- | --- | --- |\\n|  | 2010 | 2009 | 2010 | 2009 | 2010 | 2009 |\\n| Accumulated other comprehensive loss (income) |  |  |  |  |  |  |\\n| Net actuarial (gain) loss | $(40.2) | $(29.4) | $(0.2) | $(0.4) | $0.1 | $0.1 |\\n\\nThe components of the net periodic benefit cost are summarized below:\\n\\n|  | Defined Benefit Pension Plan |  |  | Postretirement Healthcare Plans |  |  | SERP |  |  |\\n| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |\\n|  | 2010 | 2009 | 2008 | 2010 | 2009 | 2008 | 2010 | 2009 | 2008 |\\n| Components of net periodic benefit cost: |  |  |  |  |  |  |  |  |  |\\n| Service cost | $0.2 | $0.2 | $- | $- | $- | $- | $- | $- | $- |\\n| Interest cost | 20.5 | 20.2 | 1.8 | 0.1 | 0.2 | - | 0.3 | 0.5 | 0.1 |\\n| Expected return on plan assets | (23.6) | (21.4) | (1.7) | - | - | - | - | - | - |\\n| Curtailment recognition | - | - | - | - | (0.2) | - | - | 2.0 | 0.1 |\\n| Net periodic benefit cost | $(2.9) | $(1.0) | $0.1 | $0.1 | $- | $- | $0.3 | $2.5 | $0.2 |\\n| Weighted average assumptions used to determine net periodic benefit cost: |  |  |  |  |  |  |  |  |  |\\n| Discount rate | 5.75% | 5.75% | 6.50% | 5.75% | 5.75% | 6.50% | 5.75% | 5.75% | 6.50% |\\n| Expected return on plan assets | 7.25% | 7.25% | 7.50% | N/A | N/A | N/A | N/A | N/A | N/A |\\n| Rate of compensation increase | 4.00% | 4.00% | 4.00% | N/A | N/A | N/A | N/A | N/A | N/A |\\n\\nWe determine the discount rate used in the measurement of our obligations based on a model that matches the\\ntiming and amount of expected benefit payments to maturities of high quality bonds priced as of the pension\\nplan measurement date. Where that timing does not correspond to a published high-quality bond rate, our\\nmodel uses an expected yield curve to determine an appropriate current discount rate. The yields on the bonds\\nare used to derive a discount rate for the liability. The term of our obligation, based on the expected retirement\\ndates of our workforce, is approximately ten years.\\n\\nIn developing our expected rate of return assumption, we have evaluated the actual historical performance and\\nlong-term return projections of the Plan assets, which give consideration to the asset mix and the anticipated\\ntiming of the pension plan outflows. We employ a total return investment approach whereby a mix of equity\\nand fixed income investments are used to maximize the long-term return of plan assets for what we consider a\\nprudent level of risk. The intent of this strategy is to minimize plan expenses by outperforming plan liabilities\\nover the long run. Risk tolerance is established through careful consideration of plan liabilities, plan funded\\nstatus and our financial condition. The investment portfolio contains a diversified blend of equity and fixed\\nincome investments. Furthermore, equity investments are diversified across U.S. and non-U.S. stocks as well as\\ngrowth, value, and small and large capitalizations. Derivatives may be used to gain market exposure in an\\nefficient and timely manner. However, derivatives may not be used to leverage the portfolio beyond the market\\nvalue of the underlying investments. Investment risk is measured and monitored on an ongoing basis through\\nannual liability measurements, periodic asset and liability studies, and quarterly investment portfolio reviews.\\n\\nA one percentage point increase in the assumed health care cost trend rate would not have a material impact\\non the service and interest costs and would increase our postretirement benefit obligation by $0.1 million at\\nDecember 31, 2010. A one percentage point decrease in the assumed health care cost trend rate would\\n\\n129\",\"name\":\"fintabnet.RSG_2010_page_141__150dpi_mild\",\"page_id\":\"fintabnet.RSG_2010_page_141\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.982,\"source\":\"fintabnet\",\"source_id\":\"RSG_2010_page_141\",\"stack\":[{\"deg\":-0.982,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.57},{\"op\":\"jpeg\",\"q\":82}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[149.6,290.6,1102.8,479.8],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13],\"cells\":[{\"bbox\":[659.8,326.3,731.3,373.4],\"c0\":1,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\"Pension Benefits\"},{\"bbox\":[815.1,303.9,937.2,377.0],\"c0\":3,\"c1\":4,\"r0\":0,\"r1\":0,\"text\":\"Postretirement Healthcare Plan\"},{\"bbox\":[1014.2,357.4,1064.4,379.2],\"c0\":5,\"c1\":6,\"r0\":0,\"r1\":0,\"text\":\"SERP\"},{\"bbox\":[626.0,382.0,668.1,403.5],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2010\"},{\"bbox\":[721.6,383.6,763.7,405.2],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2009\"},{\"bbox\":[811.9,385.2,853.9,406.7],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"2010\"},{\"bbox\":[896.9,386.6,939.0,408.2],\"c0\":4,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\"2009\"},{\"bbox\":[978.6,388.0,1020.6,409.6],\"c0\":5,\"c1\":5,\"r0\":1,\"r1\":1,\"text\":\"2010\"},{\"bbox\":[1056.8,389.4,1098.9,410.9],\"c0\":6,\"c1\":6,\"r0\":1,\"r1\":1,\"text\":\"2009\"},{\"bbox\":[150.1,411.4,565.3,439.4],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Accumulated other comprehensive loss (income)\"},{\"bbox\":[170.5,443.1,375.7,467.4],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Net actuarial (gain) loss\"},{\"bbox\":[613.6,450.7,685.2,472.7],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"$(40.2)\"},{\"bbox\":[709.1,452.3,780.7,474.4],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"$(29.4)\"},{\"bbox\":[804.7,453.9,865.8,475.8],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"$(0.2)\"},{\"bbox\":[889.7,455.4,950.8,477.3],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\"$(0.4)\"},{\"bbox\":[974.8,456.9,1022.2,478.5],\"c0\":5,\"c1\":5,\"r0\":3,\"r1\":3,\"text\":\"$0.1\"},{\"bbox\":[1053.0,458.2,1100.2,479.9],\"c0\":6,\"c1\":6,\"r0\":3,\"r1\":3,\"text\":\"$0.1\"}]},{\"bbox\":[142.9,527.0,1093.5,868.3],\"block_orders\":[15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94,95,96,97,98],\"cells\":[{\"bbox\":[468.8,533.7,551.8,560.1],\"c0\":1,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\"Defined Benefit Pension Plan\"},{\"bbox\":[703.3,537.7,789.3,564.2],\"c0\":4,\"c1\":6,\"r0\":0,\"r1\":0,\"text\":\"Postretirement Healthcare Plans\"},{\"bbox\":[967.2,554.8,997.4,567.8],\"c0\":7,\"c1\":9,\"r0\":0,\"r1\":0,\"text\":\"SERP\"},{\"bbox\":[418.6,564.1,443.9,577.1],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"2010\"},{\"bbox\":[497.3,565.5,522.5,578.4],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"2009\"},{\"bbox\":[576.0,566.8,601.2,579.8],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"2008\"},{\"bbox\":[654.7,568.2,679.9,581.1],\"c0\":4,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\"2010\"},{\"bbox\":[733.3,569.5,758.6,582.5],\"c0\":5,\"c1\":5,\"r0\":1,\"r1\":1,\"text\":\"2009\"},{\"bbox\":[812.0,570.9,837.3,583.8],\"c0\":6,\"c1\":6,\"r0\":1,\"r1\":1,\"text\":\"2008\"},{\"bbox\":[890.6,572.2,915.8,585.2],\"c0\":7,\"c1\":7,\"r0\":1,\"r1\":1,\"text\":\"2010\"},{\"bbox\":[969.2,573.6,994.5,586.5],\"c0\":8,\"c1\":8,\"r0\":1,\"r1\":1,\"text\":\"2009\"},{\"bbox\":[1047.9,574.9,1073.2,587.9],\"c0\":9,\"c1\":9,\"r0\":1,\"r1\":1,\"text\":\"2008\"},{\"bbox\":[147.2,587.5,377.7,608.1],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Components of net periodic benefit cost:\"},{\"bbox\":[161.4,612.7,233.9,630.6],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Service cost\"},{\"bbox\":[407.6,616.9,453.0,634.4],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"$0.2\"},{\"bbox\":[486.3,618.2,531.6,635.7],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"$0.2\"},{\"bbox\":[567.4,619.6,607.8,637.0],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"$-\"},{\"bbox\":[646.1,621.0,686.5,638.4],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\"$-\"},{\"bbox\":[728.4,622.4,761.5,639.7],\"c0\":5,\"c1\":5,\"r0\":3,\"r1\":3,\"text\":\"$-\"},{\"bbox\":[807.0,623.7,840.2,641.0],\"c0\":6,\"c1\":6,\"r0\":3,\"r1\":3,\"text\":\"$-\"},{\"bbox\":[882.1,625.0,922.5,642.4],\"c0\":7,\"c1\":7,\"r0\":3,\"r1\":3,\"text\":\"$-\"},{\"bbox\":[960.7,626.4,1001.2,643.8],\"c0\":8,\"c1\":8,\"r0\":3,\"r1\":3,\"text\":\"$-\"},{\"bbox\":[1039.3,627.7,1079.8,645.1],\"c0\":9,\"c1\":9,\"r0\":3,\"r1\":3,\"text\":\"$-\"},{\"bbox\":[161.0,637.7,233.3,655.7],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Interest cost\"},{\"bbox\":[426.7,642.3,452.5,659.4],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"20.5\"},{\"bbox\":[505.4,643.6,531.2,660.8],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"20.2\"},{\"bbox\":[588.9,645.1,607.4,662.1],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"1.8\"},{\"bbox\":[667.6,646.4,686.1,663.4],\"c0\":4,\"c1\":4,\"r0\":4,\"r1\":4,\"text\":\"0.1\"},{\"bbox\":[742.6,647.7,761.1,664.7],\"c0\":5,\"c1\":5,\"r0\":4,\"r1\":4,\"text\":\"0.2\"},{\"bbox\":[834.6,649.3,839.8,666.0],\"c0\":6,\"c1\":6,\"r0\":4,\"r1\":4,\"text\":\"-\"},{\"bbox\":[903.6,650.5,922.1,667.5],\"c0\":7,\"c1\":7,\"r0\":4,\"r1\":4,\"text\":\"0.3\"},{\"bbox\":[982.3,651.8,1000.8,668.8],\"c0\":8,\"c1\":8,\"r0\":4,\"r1\":4,\"text\":\"0.5\"},{\"bbox\":[1061.0,653.2,1079.5,670.2],\"c0\":9,\"c1\":9,\"r0\":4,\"r1\":4,\"text\":\"0.1\"},{\"bbox\":[160.5,662.8,343.0,682.6],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Expected return on plan assets\"},{\"bbox\":[421.4,667.2,457.0,684.5],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"(23.6)\"},{\"bbox\":[500.1,668.6,535.6,685.9],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"(21.4)\"},{\"bbox\":[583.6,670.0,611.8,687.2],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"(1.7)\"},{\"bbox\":[680.5,671.7,685.6,688.4],\"c0\":4,\"c1\":4,\"r0\":5,\"r1\":5,\"text\":\"-\"},{\"bbox\":[755.5,672.9,760.7,689.7],\"c0\":5,\"c1\":5,\"r0\":5,\"r1\":5,\"text\":\"-\"},{\"bbox\":[834.2,674.3,839.3,691.1],\"c0\":6,\"c1\":6,\"r0\":5,\"r1\":5,\"text\":\"-\"},{\"bbox\":[916.5,675.7,921.7,692.5],\"c0\":7,\"c1\":7,\"r0\":5,\"r1\":5,\"text\":\"-\"},{\"bbox\":[995.2,677.1,1000.4,693.8],\"c0\":8,\"c1\":8,\"r0\":5,\"r1\":5,\"text\":\"-\"},{\"bbox\":[1073.9,678.4,1079.1,695.2],\"c0\":9,\"c1\":9,\"r0\":5,\"r1\":5,\"text\":\"-\"},{\"bbox\":[160.1,687.7,301.6,706.8],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Curtailment recognition\"},{\"bbox\":[446.5,692.6,451.7,709.4],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"-\"},{\"bbox\":[525.2,693.9,530.4,710.7],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"-\"},{\"bbox\":[601.4,695.2,606.5,712.0],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"-\"},{\"bbox\":[680.1,696.6,685.2,713.4],\"c0\":4,\"c1\":4,\"r0\":6,\"r1\":6,\"text\":\"-\"},{\"bbox\":[736.9,697.6,765.1,714.7],\"c0\":5,\"c1\":5,\"r0\":6,\"r1\":6,\"text\":\"(0.2)\"},{\"bbox\":[833.8,699.2,838.9,716.0],\"c0\":6,\"c1\":6,\"r0\":6,\"r1\":6,\"text\":\"-\"},{\"bbox\":[916.1,700.6,921.3,717.4],\"c0\":7,\"c1\":7,\"r0\":6,\"r1\":6,\"text\":\"-\"},{\"bbox\":[981.5,701.8,1000.0,718.8],\"c0\":8,\"c1\":8,\"r0\":6,\"r1\":6,\"text\":\"2.0\"},{\"bbox\":[1060.1,703.1,1078.7,720.1],\"c0\":9,\"c1\":9,\"r0\":6,\"r1\":6,\"text\":\"0.1\"},{\"bbox\":[145.0,718.7,293.4,738.0],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Net periodic benefit cost\"},{\"bbox\":[405.8,723.2,456.0,740.8],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"$(2.9)\"},{\"bbox\":[484.5,724.6,534.6,742.1],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"$(1.0)\"},{\"bbox\":[565.6,725.9,606.0,743.3],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"$0.1\"},{\"bbox\":[644.3,727.3,684.7,744.7],\"c0\":4,\"c1\":4,\"r0\":7,\"r1\":7,\"text\":\"$0.1\"},{\"bbox\":[726.6,728.7,759.7,746.0],\"c0\":5,\"c1\":5,\"r0\":7,\"r1\":7,\"text\":\"$-\"},{\"bbox\":[805.2,730.1,838.4,747.3],\"c0\":6,\"c1\":6,\"r0\":7,\"r1\":7,\"text\":\"$-\"},{\"bbox\":[880.3,731.3,920.7,748.7],\"c0\":7,\"c1\":7,\"r0\":7,\"r1\":7,\"text\":\"$0.3\"},{\"bbox\":[958.9,732.7,999.4,750.1],\"c0\":8,\"c1\":8,\"r0\":7,\"r1\":7,\"text\":\"$2.5\"},{\"bbox\":[1037.6,734.0,1078.1,751.4],\"c0\":9,\"c1\":9,\"r0\":7,\"r1\":7,\"text\":\"$0.2\"},{\"bbox\":[144.3,754.2,591.5,778.5],\"c0\":0,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"Weighted average assumptions used to determine net periodic benefit cost:\"},{\"bbox\":[173.0,786.0,252.6,804.0],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Discount rate\"},{\"bbox\":[424.2,790.3,462.1,807.6],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"5.75%\"},{\"bbox\":[502.8,791.6,540.8,809.0],\"c0\":2,\"c1\":2,\"r0\":9,\"r1\":9,\"text\":\"5.75%\"},{\"bbox\":[579.0,792.9,617.0,810.3],\"c0\":3,\"c1\":3,\"r0\":9,\"r1\":9,\"text\":\"6.50%\"},{\"bbox\":[657.7,794.3,695.7,811.6],\"c0\":4,\"c1\":4,\"r0\":9,\"r1\":9,\"text\":\"5.75%\"},{\"bbox\":[732.7,795.6,770.7,812.9],\"c0\":5,\"c1\":5,\"r0\":9,\"r1\":9,\"text\":\"5.75%\"},{\"bbox\":[811.4,796.9,849.4,814.3],\"c0\":6,\"c1\":6,\"r0\":9,\"r1\":9,\"text\":\"6.50%\"},{\"bbox\":[893.8,798.3,931.8,815.7],\"c0\":7,\"c1\":7,\"r0\":9,\"r1\":9,\"text\":\"5.75%\"},{\"bbox\":[972.5,799.7,1010.4,817.0],\"c0\":8,\"c1\":8,\"r0\":9,\"r1\":9,\"text\":\"5.75%\"},{\"bbox\":[1051.1,801.0,1089.1,818.4],\"c0\":9,\"c1\":9,\"r0\":9,\"r1\":9,\"text\":\"6.50%\"},{\"bbox\":[172.6,810.9,355.1,830.7],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Expected return on plan assets\"},{\"bbox\":[423.7,815.2,461.7,832.5],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"7.25%\"},{\"bbox\":[502.4,816.6,540.4,833.9],\"c0\":2,\"c1\":2,\"r0\":10,\"r1\":10,\"text\":\"7.25%\"},{\"bbox\":[578.6,817.9,616.6,835.2],\"c0\":3,\"c1\":3,\"r0\":10,\"r1\":10,\"text\":\"7.50%\"},{\"bbox\":[657.8,819.2,683.2,836.3],\"c0\":4,\"c1\":4,\"r0\":10,\"r1\":10,\"text\":\"N/A\"},{\"bbox\":[732.8,820.5,758.2,837.6],\"c0\":5,\"c1\":5,\"r0\":10,\"r1\":10,\"text\":\"N/A\"},{\"bbox\":[811.5,821.9,836.9,839.0],\"c0\":6,\"c1\":6,\"r0\":10,\"r1\":10,\"text\":\"N/A\"},{\"bbox\":[893.8,823.3,919.2,840.4],\"c0\":7,\"c1\":7,\"r0\":10,\"r1\":10,\"text\":\"N/A\"},{\"bbox\":[972.5,824.6,997.9,841.7],\"c0\":8,\"c1\":8,\"r0\":10,\"r1\":10,\"text\":\"N/A\"},{\"bbox\":[1051.2,826.0,1076.6,843.1],\"c0\":9,\"c1\":9,\"r0\":10,\"r1\":10,\"text\":\"N/A\"},{\"bbox\":[172.2,835.9,354.7,855.8],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"Rate of compensation increase\"},{\"bbox\":[423.3,840.3,461.3,857.6],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"4.00%\"},{\"bbox\":[502.0,841.6,540.0,858.9],\"c0\":2,\"c1\":2,\"r0\":11,\"r1\":11,\"text\":\"4.00%\"},{\"bbox\":[578.2,842.9,616.2,860.2],\"c0\":3,\"c1\":3,\"r0\":11,\"r1\":11,\"text\":\"4.00%\"},{\"bbox\":[657.3,844.3,682.8,861.4],\"c0\":4,\"c1\":4,\"r0\":11,\"r1\":11,\"text\":\"N/A\"},{\"bbox\":[732.3,845.5,757.8,862.7],\"c0\":5,\"c1\":5,\"r0\":11,\"r1\":11,\"text\":\"N/A\"},{\"bbox\":[811.0,846.9,836.5,864.0],\"c0\":6,\"c1\":6,\"r0\":11,\"r1\":11,\"text\":\"N/A\"},{\"bbox\":[893.4,848.3,918.8,865.4],\"c0\":7,\"c1\":7,\"r0\":11,\"r1\":11,\"text\":\"N/A\"},{\"bbox\":[972.1,849.7,997.5,866.8],\"c0\":8,\"c1\":8,\"r0\":11,\"r1\":11,\"text\":\"N/A\"},{\"bbox\":[1050.8,851.0,1076.2,868.1],\"c0\":9,\"c1\":9,\"r0\":11,\"r1\":11,\"text\":\"N/A\"}]}],\"text\":\"REPUBLIC SERVICES, INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED\\n\\nThe amounts included in accumulated other comprehensive income on the consolidated statement of financial\\nposition that have not yet been recognized as components of net periodic benefit cost at December 31, 2010\\nand 2009 are as follows:\\n\\nPension\\nBenefits\\n2010\\n2009\\n\\nPostretirement\\nHealthcare\\nPlan\\n2010\\n2009\\n\\nSERP\\n2010\\n2009\\n\\n$ (40.2)\\n\\n$ (0.2)\\n\\n$ 0.1\\n\\nAccumulated other comprehensive loss (income)\\n\\nNet actuarial (gain) loss\\n\\n$ (29.4)\\n\\n$ (0.4)\\n\\n$ 0.1\\n\\nThe components of the net periodic benefit cost are summarized below:\\n\\nDefined Benefit\\nPension Plan\\n\\n2010\\n\\nComponents of net periodic benefit cost:\\nService cost\\n\\n$\\n\\n0.2\\n\\nPostretirement\\nHealthcare Plans\\n\\n2009\\n\\n$\\n\\n0.2\\n\\n2008\\n\\n$\\n\\n2010\\n\\n-\\n\\n$\\n\\n-\\n\\nSERP\\n\\n2009\\n\\n2008\\n\\n$\\n\\n$\\n\\n-\\n\\n-\\n\\n2010\\n\\n$\\n\\n2009\\n\\n-\\n\\n$\\n\\n2008\\n\\n-\\n\\n$\\n\\n-\\n\\nInterest cost\\n\\n20.5\\n\\n20.2\\n\\n1.8\\n\\n0.1\\n\\n0.2\\n\\n-\\n\\n0.3\\n\\n0.5\\n\\n0.1\\n\\nExpected return on plan assets\\nCurtailment recognition\\n\\n(23.6)\\n-\\n\\n(21.4)\\n-\\n\\n(1.7)\\n-\\n\\n-\\n-\\n\\n-\\n(0.2)\\n\\n-\\n-\\n\\n-\\n-\\n\\n-\\n2.0\\n\\n-\\n0.1\\n\\n$ (2.9)\\n\\n$ (1.0)\\n\\n$ 0.1\\n\\n$ 0.1\\n\\n-\\n\\n$ 0.3\\n\\n$ 2.5\\n\\n$ 0.2\\n\\nNet periodic benefit cost\\n\\n$\\n\\n-\\n\\n$\\n\\nWeighted average assumptions used to determine net periodic benefit cost:\\n\\nDiscount rate\\nExpected return on plan assets\\n\\n5.75%\\n7.25%\\n\\n5.75%\\n7.25%\\n\\n6.50%\\n7.50%\\n\\n5.75%\\nN/A\\n\\n5.75%\\nN/A\\n\\n6.50%\\nN/A\\n\\n5.75%\\nN/A\\n\\n5.75%\\nN/A\\n\\n6.50%\\nN/A\\n\\nRate of compensation increase\\n\\n4.00%\\n\\n4.00%\\n\\n4.00%\\n\\nN/A\\n\\nN/A\\n\\nN/A\\n\\nN/A\\n\\nN/A\\n\\nN/A\\n\\nWe determine the discount rate used in the measurement of our obligations based on a model that matches the\\ntiming and amount of expected benefit payments to maturities of high quality bonds priced as of the pension\\nplan measurement date. Where that timing does not correspond to a published high-quality bond rate, our\\nmodel uses an expected yield curve to determine an appropriate current discount rate. The yields on the bonds\\nare used to derive a discount rate for the liability. The term of our obligation, based on the expected retirement\\ndates of our workforce, is approximately ten years.\\n\\nIn developing our expected rate of return assumption, we have evaluated the actual historical performance and\\nlong-term return projections of the Plan assets, which give consideration to the asset mix and the anticipated\\ntiming of the pension plan outflows. We employ a total return investment approach whereby a mix of equity\\nand fixed income investments are used to maximize the long-term return of plan assets for what we consider a\\nprudent level of risk. The intent of this strategy is to minimize plan expenses by outperforming plan liabilities\\nover the long run. Risk tolerance is established through careful consideration of plan liabilities, plan funded\\nstatus and our financial condition. The investment portfolio contains a diversified blend of equity and fixed\\nincome investments. Furthermore, equity investments are diversified across U.S. and non-U.S. stocks as well as\\ngrowth, value, and small and large capitalizations. Derivatives may be used to gain market exposure in an\\nefficient and timely manner. However, derivatives may not be used to leverage the portfolio beyond the market\\nvalue of the underlying investments. Investment risk is measured and monitored on an ongoing basis through\\nannual liability measurements, periodic asset and liability studies, and quarterly investment portfolio reviews.\\n\\nA one percentage point increase in the assumed health care cost trend rate would not have a material impact\\non the service and interest costs and would increase our postretirement benefit obligation by $0.1 million at\\nDecember 31, 2010. A one percentage point decrease in the assumed health care cost trend rate would\\n\\n129\"},\"name\":\"fintabnet.RSG_2010_page_141__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":262502,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:RSG_2010\",\"dpi\":150,\"gt_sha256\":\"1a7126328674fccc1f91f887e2a27cd5656c29d84c1f917cd7c5773747e49b29\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.RSG_2010_page_141__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.RSG_2010_page_141\",\"pdf_sha256\":\"78888d5e1b785929c0f9cd71ad3370b802753aa17f2fa275bfc2bd6524578e2c\",\"px\":[1238,1613],\"scan\":{\"render\":\"000003c03ffc00f4380007c02000378c3f603ffc3ffc3ffc3ffc3ffc07f80000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"RSG_2010_page_141\",\"src\":{\"file_sha256\":\"a57489bf47b23d13f05104170b36aaf12c0b770954de60b79e247d39ec6198ac\",\"render\":\"000003c03f7c00f438c007fc200027fc39003ffc3ffc3ffc3ffc3ffc00800000\",\"text\":\"27020cdf224fd8d31b39d3c01d98bbd2b08723d1dc3e4253914e839e74c6e010\"},\"stack\":[{\"deg\":-0.982,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.57},{\"op\":\"jpeg\",\"q\":82}],\"tools\":\"21647cade0ee\"},\"sha256\":\"78888d5e1b785929c0f9cd71ad3370b802753aa17f2fa275bfc2bd6524578e2c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/78888d5e1b785929c0f9cd71ad3370b802753aa17f2fa275bfc2bd6524578e2c.pdf","asset_sha256":"78888d5e1b785929c0f9cd71ad3370b802753aa17f2fa275bfc2bd6524578e2c","document_id":"fintabnet:RSG_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RSG_2010_page_141\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RSG_2010_page_157\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RSG_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[644.1,157.8,1006.2,182.5],\"lines\":[{\"bbox\":[644.1,157.8,1006.2,182.5],\"text\":\"REPUBLIC SERVICES, INC.\"}],\"order\":0,\"text\":\"REPUBLIC SERVICES, INC.\"},{\"bbox\":[367.7,207.9,1282.8,232.6],\"lines\":[{\"bbox\":[367.7,207.9,1282.8,232.6],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED\"},{\"bbox\":[191.7,275.8,1453.5,334.2],\"lines\":[{\"bbox\":[191.7,275.8,1453.5,301.0],\"text\":\"at December 31. The following table summarizes our restricted cash and marketable securities as of December\"},{\"bbox\":[191.7,309.0,227.2,334.2],\"text\":\"31:\"}],\"order\":2,\"text\":\"at December 31. The following table summarizes our restricted cash and marketable securities as of December\\n31:\"},{\"bbox\":[1083.3,361.1,1138.8,386.3],\"lines\":[{\"bbox\":[1083.3,361.1,1138.8,386.3],\"text\":\"2010\"}],\"order\":3,\"text\":\"2010\"},{\"bbox\":[1291.6,361.1,1347.2,386.3],\"lines\":[{\"bbox\":[1291.6,361.1,1347.2,386.3],\"text\":\"2009\"}],\"order\":4,\"text\":\"2009\"},{\"bbox\":[191.7,411.0,708.4,536.2],\"lines\":[{\"bbox\":[191.7,411.0,410.5,436.2],\"text\":\"Financing proceeds\"},{\"bbox\":[191.7,444.4,708.4,469.6],\"text\":\"Capping, closure and post-closure obligations\"},{\"bbox\":[191.7,477.8,352.1,503.0],\"text\":\"Self-insurance\"},{\"bbox\":[191.7,511.0,254.9,536.2],\"text\":\"Other\"}],\"order\":5,\"text\":\"Financing proceeds\\nCapping, closure and post-closure obligations\\nSelf-insurance\\nOther\"},{\"bbox\":[1062.5,411.0,1076.4,436.2],\"lines\":[{\"bbox\":[1062.5,411.0,1076.4,436.2],\"text\":\"$\"}],\"order\":6,\"text\":\"$\"},{\"bbox\":[1145.8,411.0,1194.4,536.2],\"lines\":[{\"bbox\":[1145.8,411.0,1194.4,436.2],\"text\":\"39.8\"},{\"bbox\":[1145.8,444.4,1194.4,469.6],\"text\":\"61.8\"},{\"bbox\":[1145.8,477.8,1194.4,503.0],\"text\":\"63.8\"},{\"bbox\":[1159.7,511.0,1194.4,536.2],\"text\":\"7.4\"}],\"order\":7,\"text\":\"39.8\\n61.8\\n63.8\\n7.4\"},{\"bbox\":[1270.9,411.0,1284.7,436.2],\"lines\":[{\"bbox\":[1270.9,411.0,1284.7,436.2],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[1354.2,411.0,1402.8,536.2],\"lines\":[{\"bbox\":[1354.2,411.0,1402.8,436.2],\"text\":\"93.1\"},{\"bbox\":[1354.2,444.4,1402.8,469.6],\"text\":\"62.4\"},{\"bbox\":[1354.2,477.8,1402.8,503.0],\"text\":\"65.1\"},{\"bbox\":[1354.2,511.0,1402.8,536.2],\"text\":\"19.9\"}],\"order\":9,\"text\":\"93.1\\n62.4\\n65.1\\n19.9\"},{\"bbox\":[191.7,552.7,715.5,577.9],\"lines\":[{\"bbox\":[191.7,552.7,715.5,577.9],\"text\":\"Total restricted cash and marketable securities\"}],\"order\":10,\"text\":\"Total restricted cash and marketable securities\"},{\"bbox\":[1062.5,552.7,1076.4,577.9],\"lines\":[{\"bbox\":[1062.5,552.7,1076.4,577.9],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[1132.0,552.7,1194.5,577.9],\"lines\":[{\"bbox\":[1132.0,552.7,1194.5,577.9],\"text\":\"172.8\"}],\"order\":12,\"text\":\"172.8\"},{\"bbox\":[1270.9,552.7,1284.8,577.9],\"lines\":[{\"bbox\":[1270.9,552.7,1284.8,577.9],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[1340.3,552.7,1402.8,577.9],\"lines\":[{\"bbox\":[1340.3,552.7,1402.8,577.9],\"text\":\"240.5\"}],\"order\":14,\"text\":\"240.5\"},{\"bbox\":[191.7,618.7,1457.8,910.5],\"lines\":[{\"bbox\":[191.7,618.7,1409.8,643.9],\"text\":\"We own a 19.9% interest in a company that, among other activities, issues financial surety bonds to secure\"},{\"bbox\":[191.7,652.0,1439.9,677.1],\"text\":\"capping, closure and post-closure obligations for companies operating in the solid waste industry. We account\"},{\"bbox\":[191.7,685.3,1426.1,710.5],\"text\":\"for this investment under the cost method of accounting. There have been no identified events or changes in\"},{\"bbox\":[191.7,718.7,1397.8,743.9],\"text\":\"circumstances that may have a significant adverse effect on the fair value of the investment. This investee\"},{\"bbox\":[191.7,752.0,1374.2,777.2],\"text\":\"company and the parent company of the investee had written surety bonds for us relating to our landfill\"},{\"bbox\":[191.7,785.3,1451.7,810.5],\"text\":\"operations for capping, closure and post-closure, of which $855.0 million and $775.2 million were outstanding\"},{\"bbox\":[191.7,818.7,1457.8,843.9],\"text\":\"as of December 31, 2010 and 2009, respectively. Our reimbursement obligations under these bonds are secured\"},{\"bbox\":[191.7,852.0,1430.6,877.2],\"text\":\"by an indemnity agreement with the investee and letters of credit totaling $45.0 million and $67.4 million as\"},{\"bbox\":[191.7,885.4,713.9,910.5],\"text\":\"of December 31, 2010 and 2009, respectively.\"}],\"order\":15,\"text\":\"We own a 19.9% interest in a company that, among other activities, issues financial surety bonds to secure\\ncapping, closure and post-closure obligations for companies operating in the solid waste industry. We account\\nfor this investment under the cost method of accounting. There have been no identified events or changes in\\ncircumstances that may have a significant adverse effect on the fair value of the investment. This investee\\ncompany and the parent company of the investee had written surety bonds for us relating to our landfill\\noperations for capping, closure and post-closure, of which $855.0 million and $775.2 million were outstanding\\nas of December 31, 2010 and 2009, respectively. Our reimbursement obligations under these bonds are secured\\nby an indemnity agreement with the investee and letters of credit totaling $45.0 million and $67.4 million as\\nof December 31, 2010 and 2009, respectively.\"},{\"bbox\":[191.7,956.5,589.2,981.2],\"lines\":[{\"bbox\":[191.7,956.5,589.2,981.2],\"text\":\"Off-Balance Sheet Arrangements\"}],\"order\":16,\"text\":\"Off-Balance Sheet Arrangements\"},{\"bbox\":[191.7,1008.2,1449.0,1133.4],\"lines\":[{\"bbox\":[191.7,1008.2,1354.1,1033.4],\"text\":\"We have no off-balance sheet debt or similar obligations, other than operating leases and the financial\"},{\"bbox\":[191.7,1041.4,1389.2,1066.6],\"text\":\"assurances discussed above, which are not classified as debt. We have no transactions or obligations with\"},{\"bbox\":[191.7,1074.8,1449.0,1100.0],\"text\":\"related parties that are not disclosed, consolidated into or reflected in our reported financial position or results\"},{\"bbox\":[191.7,1108.2,868.6,1133.4],\"text\":\"of operations. We have not guaranteed any third-party debt.\"}],\"order\":17,\"text\":\"We have no off-balance sheet debt or similar obligations, other than operating leases and the financial\\nassurances discussed above, which are not classified as debt. We have no transactions or obligations with\\nrelated parties that are not disclosed, consolidated into or reflected in our reported financial position or results\\nof operations. We have not guaranteed any third-party debt.\"},{\"bbox\":[191.7,1179.3,329.0,1204.1],\"lines\":[{\"bbox\":[191.7,1179.3,329.0,1204.1],\"text\":\"Guarantees\"}],\"order\":18,\"text\":\"Guarantees\"},{\"bbox\":[191.7,1230.8,1457.1,1489.4],\"lines\":[{\"bbox\":[191.7,1230.8,1457.1,1256.0],\"text\":\"We enter into contracts in the normal course of business that include indemnification clauses. Indemnifications\"},{\"bbox\":[191.7,1264.2,1454.6,1289.4],\"text\":\"relating to known liabilities are recorded in the consolidated financial statements based on our best estimate of\"},{\"bbox\":[191.7,1297.5,1450.2,1322.7],\"text\":\"required future payments. Certain of these indemnifications relate to contingent events or occurrences, such as\"},{\"bbox\":[191.7,1330.9,1430.8,1356.0],\"text\":\"the imposition of additional taxes due to a change in the tax law or adverse interpretation of the tax law, and\"},{\"bbox\":[191.7,1364.2,1450.1,1389.4],\"text\":\"indemnifications made in divestiture agreements where we indemnify the buyer for liabilities that relate to our\"},{\"bbox\":[191.7,1397.5,1377.8,1422.7],\"text\":\"activities prior to the divestiture and that may become known in the future. We do not believe that these\"},{\"bbox\":[191.7,1430.9,1432.5,1456.1],\"text\":\"contingent obligations will have a material effect on our consolidated financial position, results of operations\"},{\"bbox\":[191.7,1464.2,350.1,1489.4],\"text\":\"or cash flows.\"}],\"order\":19,\"text\":\"We enter into contracts in the normal course of business that include indemnification clauses. Indemnifications\\nrelating to known liabilities are recorded in the consolidated financial statements based on our best estimate of\\nrequired future payments. Certain of these indemnifications relate to contingent events or occurrences, such as\\nthe imposition of additional taxes due to a change in the tax law or adverse interpretation of the tax law, and\\nindemnifications made in divestiture agreements where we indemnify the buyer for liabilities that relate to our\\nactivities prior to the divestiture and that may become known in the future. We do not believe that these\\ncontingent obligations will have a material effect on our consolidated financial position, results of operations\\nor cash flows.\"},{\"bbox\":[191.7,1516.2,1422.4,1641.4],\"lines\":[{\"bbox\":[191.7,1516.2,1422.4,1541.4],\"text\":\"We have entered into agreements with property owners to guarantee the value of property that is adjacent to\"},{\"bbox\":[191.7,1549.6,1356.1,1574.8],\"text\":\"certain of our landfills. These agreements have varying terms. We do not believe that these contingent\"},{\"bbox\":[191.7,1583.0,1396.4,1608.2],\"text\":\"obligations will have a material effect on our consolidated financial position, results of operations or cash\"},{\"bbox\":[191.7,1616.2,259.7,1641.4],\"text\":\"flows.\"}],\"order\":20,\"text\":\"We have entered into agreements with property owners to guarantee the value of property that is adjacent to\\ncertain of our landfills. These agreements have varying terms. We do not believe that these contingent\\nobligations will have a material effect on our consolidated financial position, results of operations or cash\\nflows.\"},{\"bbox\":[191.7,1687.4,365.9,1712.1],\"lines\":[{\"bbox\":[191.7,1687.4,365.9,1712.1],\"text\":\"Other Matters\"}],\"order\":21,\"text\":\"Other Matters\"},{\"bbox\":[191.7,1739.0,1429.6,1930.9],\"lines\":[{\"bbox\":[191.7,1739.0,1402.2,1764.2],\"text\":\"Our business activities are conducted in the context of a developing and changing statutory and regulatory\"},{\"bbox\":[191.7,1772.3,1368.9,1797.5],\"text\":\"framework. Governmental regulation of the waste management industry requires us to obtain and retain\"},{\"bbox\":[191.7,1805.7,1402.0,1830.9],\"text\":\"numerous governmental permits to conduct various aspects of our operations. These permits are subject to\"},{\"bbox\":[191.7,1839.0,1429.6,1864.2],\"text\":\"revocation, modification or denial. The costs and other capital expenditures which may be required to obtain\"},{\"bbox\":[191.7,1872.3,1415.3,1897.5],\"text\":\"or retain the applicable permits or comply with applicable regulations could be significant. Any revocation,\"},{\"bbox\":[191.7,1905.7,1065.9,1930.9],\"text\":\"modification or denial of permits could have a material adverse effect on us.\"}],\"order\":22,\"text\":\"Our business activities are conducted in the context of a developing and changing statutory and regulatory\\nframework. Governmental regulation of the waste management industry requires us to obtain and retain\\nnumerous governmental permits to conduct various aspects of our operations. These permits are subject to\\nrevocation, modification or denial. The costs and other capital expenditures which may be required to obtain\\nor retain the applicable permits or comply with applicable regulations could be significant. Any revocation,\\nmodification or denial of permits could have a material adverse effect on us.\"},{\"bbox\":[804.2,1972.3,845.9,1997.5],\"lines\":[{\"bbox\":[804.2,1972.3,845.9,1997.5],\"text\":\"145\"}],\"order\":23,\"text\":\"145\"}],\"doc\":\"fintabnet:RSG_2010\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"REPUBLIC SERVICES, INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED\\n\\nat December 31. The following table summarizes our restricted cash and marketable securities as of December\\n31:\\n\\n2010\\n\\n2009\\n\\nFinancing proceeds\\nCapping, closure and post-closure obligations\\nSelf-insurance\\nOther\\n\\n$\\n\\n39.8\\n61.8\\n63.8\\n7.4\\n\\n$\\n\\n93.1\\n62.4\\n65.1\\n19.9\\n\\nTotal restricted cash and marketable securities\\n\\n$\\n\\n172.8\\n\\n$\\n\\n240.5\\n\\nWe own a 19.9% interest in a company that, among other activities, issues financial surety bonds to secure\\ncapping, closure and post-closure obligations for companies operating in the solid waste industry. We account\\nfor this investment under the cost method of accounting. There have been no identified events or changes in\\ncircumstances that may have a significant adverse effect on the fair value of the investment. This investee\\ncompany and the parent company of the investee had written surety bonds for us relating to our landfill\\noperations for capping, closure and post-closure, of which $855.0 million and $775.2 million were outstanding\\nas of December 31, 2010 and 2009, respectively. Our reimbursement obligations under these bonds are secured\\nby an indemnity agreement with the investee and letters of credit totaling $45.0 million and $67.4 million as\\nof December 31, 2010 and 2009, respectively.\\n\\nOff-Balance Sheet Arrangements\\n\\nWe have no off-balance sheet debt or similar obligations, other than operating leases and the financial\\nassurances discussed above, which are not classified as debt. We have no transactions or obligations with\\nrelated parties that are not disclosed, consolidated into or reflected in our reported financial position or results\\nof operations. We have not guaranteed any third-party debt.\\n\\nGuarantees\\n\\nWe enter into contracts in the normal course of business that include indemnification clauses. Indemnifications\\nrelating to known liabilities are recorded in the consolidated financial statements based on our best estimate of\\nrequired future payments. Certain of these indemnifications relate to contingent events or occurrences, such as\\nthe imposition of additional taxes due to a change in the tax law or adverse interpretation of the tax law, and\\nindemnifications made in divestiture agreements where we indemnify the buyer for liabilities that relate to our\\nactivities prior to the divestiture and that may become known in the future. We do not believe that these\\ncontingent obligations will have a material effect on our consolidated financial position, results of operations\\nor cash flows.\\n\\nWe have entered into agreements with property owners to guarantee the value of property that is adjacent to\\ncertain of our landfills. These agreements have varying terms. We do not believe that these contingent\\nobligations will have a material effect on our consolidated financial position, results of operations or cash\\nflows.\\n\\nOther Matters\\n\\nOur business activities are conducted in the context of a developing and changing statutory and regulatory\\nframework. Governmental regulation of the waste management industry requires us to obtain and retain\\nnumerous governmental permits to conduct various aspects of our operations. These permits are subject to\\nrevocation, modification or denial. The costs and other capital expenditures which may be required to obtain\\nor retain the applicable permits or comply with applicable regulations could be significant. Any revocation,\\nmodification or denial of permits could have a material adverse effect on us.\\n\\n145\",\"name\":\"fintabnet.RSG_2010_page_157__200dpi_none\",\"page_id\":\"fintabnet.RSG_2010_page_157\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"RSG_2010_page_157\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[191.7,356.0,1402.8,578.0],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14],\"cells\":null}],\"text\":\"REPUBLIC SERVICES, INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED\\n\\nat December 31. The following table summarizes our restricted cash and marketable securities as of December\\n31:\\n\\n2010\\n\\n2009\\n\\nFinancing proceeds\\nCapping, closure and post-closure obligations\\nSelf-insurance\\nOther\\n\\n$\\n\\n39.8\\n61.8\\n63.8\\n7.4\\n\\n$\\n\\n93.1\\n62.4\\n65.1\\n19.9\\n\\nTotal restricted cash and marketable securities\\n\\n$\\n\\n172.8\\n\\n$\\n\\n240.5\\n\\nWe own a 19.9% interest in a company that, among other activities, issues financial surety bonds to secure\\ncapping, closure and post-closure obligations for companies operating in the solid waste industry. We account\\nfor this investment under the cost method of accounting. There have been no identified events or changes in\\ncircumstances that may have a significant adverse effect on the fair value of the investment. This investee\\ncompany and the parent company of the investee had written surety bonds for us relating to our landfill\\noperations for capping, closure and post-closure, of which $855.0 million and $775.2 million were outstanding\\nas of December 31, 2010 and 2009, respectively. Our reimbursement obligations under these bonds are secured\\nby an indemnity agreement with the investee and letters of credit totaling $45.0 million and $67.4 million as\\nof December 31, 2010 and 2009, respectively.\\n\\nOff-Balance Sheet Arrangements\\n\\nWe have no off-balance sheet debt or similar obligations, other than operating leases and the financial\\nassurances discussed above, which are not classified as debt. We have no transactions or obligations with\\nrelated parties that are not disclosed, consolidated into or reflected in our reported financial position or results\\nof operations. We have not guaranteed any third-party debt.\\n\\nGuarantees\\n\\nWe enter into contracts in the normal course of business that include indemnification clauses. Indemnifications\\nrelating to known liabilities are recorded in the consolidated financial statements based on our best estimate of\\nrequired future payments. Certain of these indemnifications relate to contingent events or occurrences, such as\\nthe imposition of additional taxes due to a change in the tax law or adverse interpretation of the tax law, and\\nindemnifications made in divestiture agreements where we indemnify the buyer for liabilities that relate to our\\nactivities prior to the divestiture and that may become known in the future. We do not believe that these\\ncontingent obligations will have a material effect on our consolidated financial position, results of operations\\nor cash flows.\\n\\nWe have entered into agreements with property owners to guarantee the value of property that is adjacent to\\ncertain of our landfills. These agreements have varying terms. We do not believe that these contingent\\nobligations will have a material effect on our consolidated financial position, results of operations or cash\\nflows.\\n\\nOther Matters\\n\\nOur business activities are conducted in the context of a developing and changing statutory and regulatory\\nframework. Governmental regulation of the waste management industry requires us to obtain and retain\\nnumerous governmental permits to conduct various aspects of our operations. These permits are subject to\\nrevocation, modification or denial. The costs and other capital expenditures which may be required to obtain\\nor retain the applicable permits or comply with applicable regulations could be significant. 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RSG_2010_page_96\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RSG_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[484.0,153.1,1140.8,254.2],\"lines\":[{\"bbox\":[630.7,155.3,993.1,185.3],\"text\":\"REPUBLIC SERVICES, INC.\"},{\"bbox\":[484.5,186.5,1140.3,220.8],\"text\":\"CONSOLIDATED STATEMENTS OF CASH FLOWS\"},{\"bbox\":[740.2,223.6,885.2,250.5],\"text\":\"(in millions)\"}],\"order\":0,\"text\":\"REPUBLIC SERVICES, INC.\\nCONSOLIDATED STATEMENTS OF CASH FLOWS\\n(in millions)\"},{\"bbox\":[1118.4,281.2,1163.1,302.0],\"lines\":[{\"bbox\":[1118.4,281.2,1163.1,302.0],\"text\":\"2010\"}],\"order\":1,\"text\":\"2010\"},{\"bbox\":[180.8,325.7,1013.5,1834.2],\"lines\":[{\"bbox\":[180.8,331.9,567.3,360.2],\"text\":\"Cash provided by operating activities:\"},{\"bbox\":[181.2,363.1,299.4,387.5],\"text\":\"Net income\"},{\"bbox\":[181.6,380.5,973.0,414.7],\"text\":\"Adjustments to reconcile net income to cash provided by operating activities:\"},{\"bbox\":[207.1,410.2,796.4,441.5],\"text\":\"Depreciation and amortization of property and equipment\"},{\"bbox\":[207.5,440.7,570.6,468.7],\"text\":\"Landfill depletion and amortization\"},{\"bbox\":[207.8,466.8,650.7,495.9],\"text\":\"Amortization of intangible and other assets\"},{\"bbox\":[208.2,499.1,307.1,523.2],\"text\":\"Accretion\"},{\"bbox\":[208.6,522.9,543.3,550.4],\"text\":\"Non-cash interest expense – debt\"},{\"bbox\":[209.0,550.0,552.1,577.7],\"text\":\"Non-cash interest expense – other\"},{\"bbox\":[209.4,577.9,507.5,604.9],\"text\":\"Restructuring related charges\"},{\"bbox\":[209.8,605.6,479.4,632.2],\"text\":\"Stock-based compensation\"},{\"bbox\":[210.2,631.8,535.9,659.3],\"text\":\"Deferred tax provision (benefit)\"},{\"bbox\":[210.6,656.2,732.9,686.5],\"text\":\"Provision for doubtful accounts, net of adjustments\"},{\"bbox\":[211.0,682.9,769.3,713.8],\"text\":\"Excess income tax benefit from stock option exercises\"},{\"bbox\":[211.4,715.6,400.9,741.0],\"text\":\"Asset impairments\"},{\"bbox\":[211.8,740.9,534.6,768.3],\"text\":\"Loss on extinguishment of debt\"},{\"bbox\":[212.2,767.9,552.2,795.5],\"text\":\"Gain on disposition of assets, net\"},{\"bbox\":[212.6,796.9,430.7,822.8],\"text\":\"Other non-cash items\"},{\"bbox\":[213.0,815.9,999.1,850.0],\"text\":\"Change in assets and liabilities, net of effects from business acquisitions and\"},{\"bbox\":[238.5,852.3,360.2,876.7],\"text\":\"divestitures:\"},{\"bbox\":[238.9,878.3,443.7,904.0],\"text\":\"Accounts receivable\"},{\"bbox\":[239.3,903.5,584.3,931.2],\"text\":\"Prepaid expenses and other assets\"},{\"bbox\":[239.7,933.2,419.4,958.5],\"text\":\"Accounts payable\"},{\"bbox\":[240.1,956.0,720.4,985.7],\"text\":\"Restructuring and synergy related expenditures\"},{\"bbox\":[240.5,983.3,722.4,1013.0],\"text\":\"Capping, closure and post-closure expenditures\"},{\"bbox\":[240.9,1013.7,505.3,1040.2],\"text\":\"Remediation expenditures\"},{\"bbox\":[241.3,1042.3,399.7,1067.3],\"text\":\"Other liabilities\"},{\"bbox\":[241.8,1074.6,621.3,1102.9],\"text\":\"Cash provided by operating activities\"},{\"bbox\":[192.2,1111.6,527.9,1139.2],\"text\":\"Cash used in investing activities:\"},{\"bbox\":[217.7,1137.8,597.7,1166.0],\"text\":\"Purchases of property and equipment\"},{\"bbox\":[218.1,1163.6,701.9,1193.3],\"text\":\"Proceeds from sales of property and equipment\"},{\"bbox\":[218.5,1186.9,966.8,1220.5],\"text\":\"Cash used in acquisitions and development projects, net of cash acquired\"},{\"bbox\":[218.9,1217.2,763.0,1247.8],\"text\":\"Cash proceeds from divestitures, net of cash divested\"},{\"bbox\":[219.3,1244.5,743.7,1274.9],\"text\":\"Change in restricted cash and marketable securities\"},{\"bbox\":[219.7,1278.6,276.9,1302.1],\"text\":\"Other\"},{\"bbox\":[245.2,1309.9,573.9,1337.3],\"text\":\"Cash used in investing activities\"},{\"bbox\":[195.7,1343.9,681.8,1373.6],\"text\":\"Cash (used in) provided by financing activities:\"},{\"bbox\":[221.1,1370.6,716.9,1400.5],\"text\":\"Proceeds from notes payable and long-term debt\"},{\"bbox\":[221.5,1396.8,787.5,1427.8],\"text\":\"Proceeds from issuance of senior notes, net of discount\"},{\"bbox\":[221.9,1425.4,695.8,1455.0],\"text\":\"Payments of notes payable and long-term debt\"},{\"bbox\":[222.3,1453.2,650.7,1482.1],\"text\":\"Premiums paid on extinguishment of debt\"},{\"bbox\":[222.7,1475.5,986.0,1509.3],\"text\":\"Fees paid to issue and retire senior notes and certain hedging relationships\"},{\"bbox\":[223.1,1509.8,504.7,1536.6],\"text\":\"Issuances of common stock\"},{\"bbox\":[223.5,1533.0,781.7,1563.8],\"text\":\"Excess income tax benefit from stock option exercises\"},{\"bbox\":[223.9,1563.5,557.7,1591.1],\"text\":\"Payment for deferred stock units\"},{\"bbox\":[224.3,1592.6,432.7,1618.3],\"text\":\"Equity issuance cost\"},{\"bbox\":[224.7,1616.9,636.9,1645.6],\"text\":\"Purchases of common stock for treasury\"},{\"bbox\":[225.1,1647.1,431.4,1672.8],\"text\":\"Cash dividends paid\"},{\"bbox\":[225.5,1670.6,682.3,1699.9],\"text\":\"Distributions paid to noncontrolling interests\"},{\"bbox\":[251.1,1705.4,730.1,1735.1],\"text\":\"Cash (used in) provided by financing activities\"},{\"bbox\":[201.5,1741.5,694.4,1771.4],\"text\":\"Increase (decrease) in cash and cash equivalents\"},{\"bbox\":[201.9,1768.6,705.3,1798.7],\"text\":\"Cash and cash equivalents at beginning of period\"},{\"bbox\":[202.4,1805.1,642.0,1834.2],\"text\":\"Cash and cash equivalents at end of period\"}],\"order\":2,\"text\":\"Cash provided by operating activities:\\nNet income\\nAdjustments to reconcile net income to cash provided by operating activities:\\nDepreciation and amortization of property and equipment\\nLandfill depletion and amortization\\nAmortization of intangible and other assets\\nAccretion\\nNon-cash interest expense – debt\\nNon-cash interest expense – other\\nRestructuring related charges\\nStock-based compensation\\nDeferred tax provision (benefit)\\nProvision for doubtful accounts, net of adjustments\\nExcess income tax benefit from stock option exercises\\nAsset impairments\\nLoss on extinguishment of debt\\nGain on disposition of assets, net\\nOther non-cash items\\nChange in assets and liabilities, net of effects from business acquisitions and\\ndivestitures:\\nAccounts receivable\\nPrepaid expenses and other assets\\nAccounts payable\\nRestructuring and synergy related expenditures\\nCapping, closure and post-closure expenditures\\nRemediation expenditures\\nOther liabilities\\nCash provided by operating activities\\nCash used in investing activities:\\nPurchases of property and equipment\\nProceeds from sales of property and equipment\\nCash used in acquisitions and development projects, net of cash acquired\\nCash proceeds from divestitures, net of cash divested\\nChange in restricted cash and marketable securities\\nOther\\nCash used in investing activities\\nCash (used in) provided by financing activities:\\nProceeds from notes payable and long-term debt\\nProceeds from issuance of senior notes, net of discount\\nPayments of notes payable and long-term debt\\nPremiums paid on extinguishment of debt\\nFees paid to issue and retire senior notes and certain hedging relationships\\nIssuances of common stock\\nExcess income tax benefit from stock option exercises\\nPayment for deferred 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net\\nOther non-cash items\\nChange in assets and liabilities, net of effects from business acquisitions and\\ndivestitures:\\nAccounts receivable\\nPrepaid expenses and other assets\\nAccounts payable\\nRestructuring and synergy related expenditures\\nCapping, closure and post-closure expenditures\\nRemediation expenditures\\nOther liabilities\\nCash provided by operating activities\\nCash used in investing activities:\\nPurchases of property and equipment\\nProceeds from sales of property and equipment\\nCash used in acquisitions and development projects, net of cash acquired\\nCash proceeds from divestitures, net of cash divested\\nChange in restricted cash and marketable securities\\nOther\\nCash used in investing activities\\nCash (used in) provided by financing activities:\\nProceeds from notes payable and long-term debt\\nProceeds from issuance of senior notes, net of discount\\nPayments of notes payable and long-term debt\\nPremiums paid on extinguishment of debt\\nFees paid to issue and retire senior notes and certain hedging relationships\\nIssuances of common stock\\nExcess income tax benefit from stock option exercises\\nPayment for deferred stock units\\nEquity issuance cost\\nPurchases of common stock for treasury\\nCash dividends paid\\nDistributions paid to noncontrolling interests\\nCash (used in) provided by financing activities\\nIncrease (decrease) in cash and cash equivalents\\nCash and cash equivalents at beginning of period\\nCash and cash equivalents at end of period\\n\\nThe accompanying notes are an integral part of these financial statements.\\n\\n84\\n\\n$\\n\\n507.5\\n\\n2009\\n\\n$\\n\\n496.5\\n\\n2008\\n\\n$\\n\\n73.9\\n\\n511.6\\n250.6\\n71.5\\n80.5\\n52.4\\n48.1\\n(2.0)\\n24.5\\n61.3\\n23.6\\n(3.5)\\n15.1\\n160.8\\n(11.2)\\n3.8\\n\\n520.6\\n278.5\\n70.6\\n88.8\\n92.1\\n58.1\\n34.0\\n15.0\\n(24.6)\\n27.3\\n(2.5)\\n7.1\\n134.1\\n(147.1)\\n(0.1)\\n\\n222.6\\n119.7\\n11.8\\n23.9\\n10.1\\n0.5\\n-\\n24.0\\n(30.4)\\n36.5\\n2.8\\n89.8\\n-\\n(1.4)\\n7.3\\n\\n8.8\\n(76.6)\\n(34.9)\\n(20.0)\\n(111.3)\\n(50.5)\\n(76.4)\\n1,433.7\\n\\n53.1\\n(11.9)\\n(6.9)\\n(66.5)\\n(100.9)\\n(56.2)\\n(62.6)\\n1,396.5\\n\\n21.1\\n15.8\\n(164.5)\\n-\\n(27.9)\\n(43.3)\\n119.9\\n512.2\\n\\n(794.7)\\n37.4\\n(58.9)\\n60.0\\n66.3\\n(0.6)\\n(690.5)\\n\\n(826.3)\\n31.8\\n(0.1)\\n511.1\\n41.6\\n(0.6)\\n(242.5)\\n\\n(386.9)\\n8.2\\n(553.8)\\n3.3\\n(5.3)\\n(0.2)\\n(934.7)\\n\\n1,193.5\\n1,499.4\\n(3,090.3)\\n(30.4)\\n(26.2)\\n86.5\\n3.5\\n-\\n-\\n(43.1)\\n(294.6)\\n(1.2)\\n(702.9)\\n40.3\\n48.0\\n$\\n88.3\\n\\n1,472.6\\n1,245.4\\n(3,583.9)\\n(47.3)\\n(14.3)\\n39.6\\n2.5\\n-\\n-\\n(1.0)\\n(288.3)\\n-\\n(1,174.7)\\n(20.7)\\n68.7\\n$\\n48.0\\n\\n1,453.4\\n-\\n(740.6)\\n-\\n-\\n24.6\\n4.5\\n(4.0)\\n(1.8)\\n(138.4)\\n(128.3)\\n-\\n469.4\\n46.9\\n21.8\\n$ 68.7\",\"name\":\"fintabnet.RSG_2010_page_96__200dpi_mild\",\"page_id\":\"fintabnet.RSG_2010_page_96\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.837,\"source\":\"fintabnet\",\"source_id\":\"RSG_2010_page_96\",\"stack\":[{\"deg\":0.837,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":2.214},{\"gain\":0.92,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":82}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[180.1,272.9,1477.7,1834.3],\"block_orders\":[1,2,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24],\"cells\":null}],\"text\":\"REPUBLIC SERVICES, INC.\\nCONSOLIDATED STATEMENTS OF CASH FLOWS\\n(in millions)\\n\\n2010\\n\\nCash provided by operating activities:\\nNet income\\nAdjustments to reconcile net income to cash provided by operating activities:\\nDepreciation and amortization of property and equipment\\nLandfill depletion and amortization\\nAmortization of intangible and other assets\\nAccretion\\nNon-cash interest expense – debt\\nNon-cash interest expense – other\\nRestructuring related charges\\nStock-based compensation\\nDeferred tax provision (benefit)\\nProvision for doubtful accounts, net of adjustments\\nExcess income tax benefit from stock option exercises\\nAsset impairments\\nLoss on extinguishment of debt\\nGain on disposition of assets, net\\nOther non-cash items\\nChange in assets and liabilities, net of effects from business acquisitions and\\ndivestitures:\\nAccounts receivable\\nPrepaid expenses and other assets\\nAccounts payable\\nRestructuring and synergy related expenditures\\nCapping, closure and post-closure expenditures\\nRemediation expenditures\\nOther liabilities\\nCash provided by operating activities\\nCash used in investing activities:\\nPurchases of property and equipment\\nProceeds from sales of property and equipment\\nCash used in acquisitions and development projects, net of cash acquired\\nCash proceeds from divestitures, net of cash divested\\nChange in restricted cash and marketable securities\\nOther\\nCash used in investing activities\\nCash (used in) provided by financing activities:\\nProceeds from notes payable and long-term debt\\nProceeds from issuance of senior notes, net of discount\\nPayments of notes payable and long-term debt\\nPremiums paid on extinguishment of debt\\nFees paid to issue and retire senior notes and certain hedging relationships\\nIssuances of common stock\\nExcess income tax benefit from stock option exercises\\nPayment for deferred stock units\\nEquity issuance cost\\nPurchases of common stock for treasury\\nCash dividends paid\\nDistributions paid to noncontrolling interests\\nCash (used in) provided by financing activities\\nIncrease (decrease) in cash and cash equivalents\\nCash and cash equivalents at beginning of period\\nCash and cash equivalents at end of period\\n\\nThe accompanying notes are an integral part of these financial statements.\\n\\n84\\n\\n$\\n\\n507.5\\n\\n2009\\n\\n$\\n\\n496.5\\n\\n2008\\n\\n$\\n\\n73.9\\n\\n511.6\\n250.6\\n71.5\\n80.5\\n52.4\\n48.1\\n(2.0)\\n24.5\\n61.3\\n23.6\\n(3.5)\\n15.1\\n160.8\\n(11.2)\\n3.8\\n\\n520.6\\n278.5\\n70.6\\n88.8\\n92.1\\n58.1\\n34.0\\n15.0\\n(24.6)\\n27.3\\n(2.5)\\n7.1\\n134.1\\n(147.1)\\n(0.1)\\n\\n222.6\\n119.7\\n11.8\\n23.9\\n10.1\\n0.5\\n-\\n24.0\\n(30.4)\\n36.5\\n2.8\\n89.8\\n-\\n(1.4)\\n7.3\\n\\n8.8\\n(76.6)\\n(34.9)\\n(20.0)\\n(111.3)\\n(50.5)\\n(76.4)\\n1,433.7\\n\\n53.1\\n(11.9)\\n(6.9)\\n(66.5)\\n(100.9)\\n(56.2)\\n(62.6)\\n1,396.5\\n\\n21.1\\n15.8\\n(164.5)\\n-\\n(27.9)\\n(43.3)\\n119.9\\n512.2\\n\\n(794.7)\\n37.4\\n(58.9)\\n60.0\\n66.3\\n(0.6)\\n(690.5)\\n\\n(826.3)\\n31.8\\n(0.1)\\n511.1\\n41.6\\n(0.6)\\n(242.5)\\n\\n(386.9)\\n8.2\\n(553.8)\\n3.3\\n(5.3)\\n(0.2)\\n(934.7)\\n\\n1,193.5\\n1,499.4\\n(3,090.3)\\n(30.4)\\n(26.2)\\n86.5\\n3.5\\n-\\n-\\n(43.1)\\n(294.6)\\n(1.2)\\n(702.9)\\n40.3\\n48.0\\n$\\n88.3\\n\\n1,472.6\\n1,245.4\\n(3,583.9)\\n(47.3)\\n(14.3)\\n39.6\\n2.5\\n-\\n-\\n(1.0)\\n(288.3)\\n-\\n(1,174.7)\\n(20.7)\\n68.7\\n$\\n48.0\\n\\n1,453.4\\n-\\n(740.6)\\n-\\n-\\n24.6\\n4.5\\n(4.0)\\n(1.8)\\n(138.4)\\n(128.3)\\n-\\n469.4\\n46.9\\n21.8\\n$ 68.7\"},\"name\":\"fintabnet.RSG_2010_page_96__200dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":399572,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:RSG_2010\",\"dpi\":200,\"gt_sha256\":\"5dfee088944d8a364926ac737d9aa25500d5f4a4dbfb56dbcd18e4262fd61b43\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RSG_2010_page_96\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RSG_2014_page_113\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:RSG_2014\",\"ground_truth\":{\"blocks\":[{\"bbox\":[483.7,129.2,754.2,148.1],\"lines\":[{\"bbox\":[483.7,129.2,754.2,148.1],\"text\":\"REPUBLIC SERVICES, INC.\"}],\"order\":0,\"text\":\"REPUBLIC SERVICES, INC.\"},{\"bbox\":[279.5,166.7,958.4,185.6],\"lines\":[{\"bbox\":[279.5,166.7,958.4,185.6],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"},{\"bbox\":[143.8,216.8,564.3,235.6],\"lines\":[{\"bbox\":[143.8,216.8,564.3,235.6],\"text\":\"Final Capping, Closure and Post-Closure Costs\"}],\"order\":2,\"text\":\"Final Capping, Closure and Post-Closure Costs\"},{\"bbox\":[143.8,264.9,1087.7,309.0],\"lines\":[{\"bbox\":[143.8,264.9,1087.7,284.0],\"text\":\"The following table summarizes the activity in our asset retirement obligation liabilities, which include liabilities\"},{\"bbox\":[143.8,289.9,789.1,309.0],\"text\":\"for final capping, closure and post-closure, for the years ended December 31:\"}],\"order\":3,\"text\":\"The following table summarizes the activity in our asset retirement obligation liabilities, which include liabilities\\nfor final capping, closure and post-closure, for the years ended December 31:\"},{\"bbox\":[143.8,367.2,612.1,511.3],\"lines\":[{\"bbox\":[143.8,367.2,612.1,386.3],\"text\":\"Asset retirement obligation liabilities, beginning of year\"},{\"bbox\":[143.8,392.2,305.4,411.3],\"text\":\"Non-cash additions\"},{\"bbox\":[143.8,417.2,437.6,436.3],\"text\":\"Acquisitions and other adjustments\"},{\"bbox\":[143.8,442.2,476.1,461.3],\"text\":\"Asset retirement obligation adjustments\"},{\"bbox\":[143.8,467.2,224.9,486.3],\"text\":\"Payments\"},{\"bbox\":[143.8,492.3,298.5,511.3],\"text\":\"Accretion expense\"}],\"order\":4,\"text\":\"Asset retirement obligation liabilities, beginning of year\\nNon-cash additions\\nAcquisitions and other adjustments\\nAsset retirement obligation adjustments\\nPayments\\nAccretion expense\"},{\"bbox\":[702.4,367.2,712.8,386.3],\"lines\":[{\"bbox\":[702.4,367.2,712.8,386.3],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[143.8,525.6,558.7,569.7],\"lines\":[{\"bbox\":[143.8,525.6,558.7,544.7],\"text\":\"Asset retirement obligation liabilities, end of year\"},{\"bbox\":[143.8,550.6,317.7,569.7],\"text\":\"Less: current portion\"}],\"order\":6,\"text\":\"Asset retirement obligation liabilities, end of year\\nLess: current portion\"},{\"bbox\":[143.8,584.0,298.5,603.0],\"lines\":[{\"bbox\":[143.8,584.0,298.5,603.0],\"text\":\"Long-term portion\"}],\"order\":7,\"text\":\"Long-term portion\"},{\"bbox\":[702.4,584.0,712.8,603.0],\"lines\":[{\"bbox\":[702.4,584.0,712.8,603.0],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[739.9,338.0,850.4,511.3],\"lines\":[{\"bbox\":[739.9,338.0,781.6,357.1],\"text\":\"2014\"},{\"bbox\":[756.6,367.2,850.4,386.3],\"text\":\"1,091.3 $\"},{\"bbox\":[782.6,392.2,819.1,411.3],\"text\":\"38.6\"},{\"bbox\":[793.0,417.2,819.1,436.3],\"text\":\"3.8\"},{\"bbox\":[775.6,442.2,826.0,461.3],\"text\":\"(12.8)\"},{\"bbox\":[775.6,467.2,826.0,486.3],\"text\":\"(54.6)\"},{\"bbox\":[782.6,492.3,819.1,511.3],\"text\":\"78.0\"}],\"order\":9,\"text\":\"2014\\n1,091.3 $\\n38.6\\n3.8\\n(12.8)\\n(54.6)\\n78.0\"},{\"bbox\":[877.4,338.0,987.9,511.3],\"lines\":[{\"bbox\":[877.4,338.0,919.1,357.1],\"text\":\"2013\"},{\"bbox\":[894.1,367.2,987.9,386.3],\"text\":\"1,052.4 $\"},{\"bbox\":[920.2,392.2,956.6,411.3],\"text\":\"36.5\"},{\"bbox\":[923.6,417.2,963.5,436.3],\"text\":\"(0.6)\"},{\"bbox\":[920.2,442.2,956.6,461.3],\"text\":\"12.0\"},{\"bbox\":[913.2,467.2,963.5,486.3],\"text\":\"(85.6)\"},{\"bbox\":[920.2,492.3,956.6,511.3],\"text\":\"76.6\"}],\"order\":10,\"text\":\"2013\\n1,052.4 $\\n36.5\\n(0.6)\\n12.0\\n(85.6)\\n76.6\"},{\"bbox\":[1015.0,338.0,1101.1,511.3],\"lines\":[{\"bbox\":[1015.0,338.0,1056.7,357.1],\"text\":\"2012\"},{\"bbox\":[1031.7,367.2,1094.2,386.3],\"text\":\"1,037.0\"},{\"bbox\":[1057.7,392.2,1094.2,411.3],\"text\":\"33.8\"},{\"bbox\":[1050.7,417.2,1101.1,436.3],\"text\":\"(14.6)\"},{\"bbox\":[1061.2,442.2,1101.1,461.3],\"text\":\"(4.6)\"},{\"bbox\":[1050.7,467.2,1101.1,486.3],\"text\":\"(77.6)\"},{\"bbox\":[1057.7,492.3,1094.2,511.3],\"text\":\"78.4\"}],\"order\":11,\"text\":\"2012\\n1,037.0\\n33.8\\n(14.6)\\n(4.6)\\n(77.6)\\n78.4\"},{\"bbox\":[756.6,525.6,826.0,569.7],\"lines\":[{\"bbox\":[756.6,525.6,819.1,544.7],\"text\":\"1,144.3\"},{\"bbox\":[775.6,550.6,826.0,569.7],\"text\":\"(87.9)\"}],\"order\":12,\"text\":\"1,144.3\\n(87.9)\"},{\"bbox\":[894.1,525.6,963.5,569.7],\"lines\":[{\"bbox\":[894.1,525.6,956.6,544.7],\"text\":\"1,091.3\"},{\"bbox\":[913.2,550.6,963.5,569.7],\"text\":\"(93.6)\"}],\"order\":13,\"text\":\"1,091.3\\n(93.6)\"},{\"bbox\":[1031.7,525.6,1101.1,569.7],\"lines\":[{\"bbox\":[1031.7,525.6,1094.2,544.7],\"text\":\"1,052.4\"},{\"bbox\":[1040.3,550.6,1101.1,569.7],\"text\":\"(110.4)\"}],\"order\":14,\"text\":\"1,052.4\\n(110.4)\"},{\"bbox\":[756.6,584.0,819.1,603.0],\"lines\":[{\"bbox\":[756.6,584.0,819.1,603.0],\"text\":\"1,056.4\"}],\"order\":15,\"text\":\"1,056.4\"},{\"bbox\":[839.9,584.0,850.3,603.0],\"lines\":[{\"bbox\":[839.9,584.0,850.3,603.0],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[909.7,584.0,956.6,603.0],\"lines\":[{\"bbox\":[909.7,584.0,956.6,603.0],\"text\":\"997.7\"}],\"order\":17,\"text\":\"997.7\"},{\"bbox\":[977.5,584.0,987.9,603.0],\"lines\":[{\"bbox\":[977.5,584.0,987.9,603.0],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[1047.3,584.0,1094.2,603.0],\"lines\":[{\"bbox\":[1047.3,584.0,1094.2,603.0],\"text\":\"942.0\"}],\"order\":19,\"text\":\"942.0\"},{\"bbox\":[143.8,644.6,1089.8,738.7],\"lines\":[{\"bbox\":[143.8,644.6,1089.8,663.7],\"text\":\"We review our landfill asset retirement obligations annually. As a result, we recorded a net (decrease) increase in\"},{\"bbox\":[143.8,669.6,1072.6,688.7],\"text\":\"amortization expense of $(13.4) million, $(0.3) million and $4.9 million for 2014, 2013 and 2012, respectively,\"},{\"bbox\":[143.8,694.6,1086.8,713.7],\"text\":\"primarily related to changes in estimates and assumptions concerning the anticipated waste flow, cost and timing\"},{\"bbox\":[143.8,719.6,630.3,738.7],\"text\":\"of future final capping, closure and post-closure activities.\"}],\"order\":20,\"text\":\"We review our landfill asset retirement obligations annually. As a result, we recorded a net (decrease) increase in\\namortization expense of $(13.4) million, $(0.3) million and $4.9 million for 2014, 2013 and 2012, respectively,\\nprimarily related to changes in estimates and assumptions concerning the anticipated waste flow, cost and timing\\nof future final capping, closure and post-closure activities.\"},{\"bbox\":[143.8,767.8,1076.4,836.9],\"lines\":[{\"bbox\":[143.8,767.8,1076.4,786.8],\"text\":\"The fair value of assets that are legally restricted for purposes of settling final capping, closure and post-closure\"},{\"bbox\":[143.8,792.8,1046.0,811.9],\"text\":\"obligations was approximately $26.7 million as of December 31, 2014 and is included in restricted cash and\"},{\"bbox\":[143.8,817.8,608.4,836.9],\"text\":\"marketable securities in our consolidated balance sheet.\"}],\"order\":21,\"text\":\"The fair value of assets that are legally restricted for purposes of settling final capping, closure and post-closure\\nobligations was approximately $26.7 million as of December 31, 2014 and is included in restricted cash and\\nmarketable securities in our consolidated balance sheet.\"},{\"bbox\":[143.8,865.9,1041.7,885.0],\"lines\":[{\"bbox\":[143.8,865.9,1041.7,885.0],\"text\":\"The expected future payments for final capping, closure and post-closure as of December 31, 2014 follows:\"}],\"order\":22,\"text\":\"The expected future payments for final capping, closure and post-closure as of December 31, 2014 follows:\"},{\"bbox\":[143.8,914.1,230.6,1058.2],\"lines\":[{\"bbox\":[143.8,914.1,185.5,933.1],\"text\":\"2015\"},{\"bbox\":[143.8,939.1,185.5,958.2],\"text\":\"2016\"},{\"bbox\":[143.8,964.1,185.5,983.2],\"text\":\"2017\"},{\"bbox\":[143.8,989.1,185.5,1008.2],\"text\":\"2018\"},{\"bbox\":[143.8,1014.1,185.5,1033.2],\"text\":\"2019\"},{\"bbox\":[143.8,1039.1,230.6,1058.2],\"text\":\"Thereafter\"}],\"order\":23,\"text\":\"2015\\n2016\\n2017\\n2018\\n2019\\nThereafter\"},{\"bbox\":[1010.8,914.1,1021.2,933.1],\"lines\":[{\"bbox\":[1010.8,914.1,1021.2,933.1],\"text\":\"$\"}],\"order\":24,\"text\":\"$\"},{\"bbox\":[1031.7,914.1,1094.2,1058.2],\"lines\":[{\"bbox\":[1057.7,914.1,1094.2,933.1],\"text\":\"87.9\"},{\"bbox\":[1047.3,939.1,1094.2,958.2],\"text\":\"121.5\"},{\"bbox\":[1057.7,964.1,1094.2,983.2],\"text\":\"88.7\"},{\"bbox\":[1057.7,989.1,1094.2,1008.2],\"text\":\"78.0\"},{\"bbox\":[1057.7,1014.1,1094.2,1033.2],\"text\":\"92.2\"},{\"bbox\":[1031.7,1039.1,1094.2,1058.2],\"text\":\"5,224.6\"}],\"order\":25,\"text\":\"87.9\\n121.5\\n88.7\\n78.0\\n92.2\\n5,224.6\"},{\"bbox\":[1010.8,1072.4,1094.2,1091.5],\"lines\":[{\"bbox\":[1010.8,1072.4,1094.2,1091.5],\"text\":\"$ 5,692.9\"}],\"order\":26,\"text\":\"$ 5,692.9\"},{\"bbox\":[143.8,1133.1,1063.5,1202.2],\"lines\":[{\"bbox\":[143.8,1133.1,1063.5,1152.2],\"text\":\"The estimated remaining final capping, closure and post-closure expenditures presented above are not inflated\"},{\"bbox\":[143.8,1158.1,998.3,1177.2],\"text\":\"and not discounted and reflect the estimated future payments for liabilities incurred and recorded as of\"},{\"bbox\":[143.8,1183.1,938.3,1202.2],\"text\":\"December 31, 2014 and for liabilities yet to be incurred over the remaining life of our landfills.\"}],\"order\":27,\"text\":\"The estimated remaining final capping, closure and post-closure expenditures presented above are not inflated\\nand not discounted and reflect the estimated future payments for liabilities incurred and recorded as of\\nDecember 31, 2014 and for liabilities yet to be incurred over the remaining life of our landfills.\"},{\"bbox\":[143.8,1231.2,491.4,1250.1],\"lines\":[{\"bbox\":[143.8,1231.2,491.4,1250.1],\"text\":\"Environmental Remediation Liabilities\"}],\"order\":28,\"text\":\"Environmental Remediation Liabilities\"},{\"bbox\":[143.8,1279.4,1093.1,1448.5],\"lines\":[{\"bbox\":[143.8,1279.4,1022.7,1298.5],\"text\":\"We accrue for remediation costs when they become probable and can be reasonably estimated. There can\"},{\"bbox\":[143.8,1304.4,1064.9,1323.5],\"text\":\"sometimes be a range of reasonable estimates of the costs associated with remediation of a site. In these cases,\"},{\"bbox\":[143.8,1329.4,1093.1,1348.5],\"text\":\"we use the amount within the range that constitutes our best estimate. If no amount within the range appears to be\"},{\"bbox\":[143.8,1354.4,1079.7,1373.5],\"text\":\"a better estimate than any other, we use the amount that is at the low end of such range. It is reasonably possible\"},{\"bbox\":[143.8,1379.4,1035.9,1398.5],\"text\":\"that we will need to adjust the liabilities recorded for remediation to reflect the effects of new or additional\"},{\"bbox\":[143.8,1404.4,1060.5,1423.5],\"text\":\"information, to the extent such information impacts the costs, timing or duration of the required actions. If we\"},{\"bbox\":[143.8,1429.4,1006.8,1448.5],\"text\":\"used the reasonably possible high ends of our ranges, our aggregate potential remediation liability as of\"}],\"order\":29,\"text\":\"We accrue for remediation costs when they become probable and can be reasonably estimated. There can\\nsometimes be a range of reasonable estimates of the costs associated with remediation of a site. In these cases,\\nwe use the amount within the range that constitutes our best estimate. If no amount within the range appears to be\\na better estimate than any other, we use the amount that is at the low end of such range. It is reasonably possible\\nthat we will need to adjust the liabilities recorded for remediation to reflect the effects of new or additional\\ninformation, to the extent such information impacts the costs, timing or duration of the required actions. If we\\nused the reasonably possible high ends of our ranges, our aggregate potential remediation liability as of\"},{\"bbox\":[608.6,1479.6,629.4,1498.7],\"lines\":[{\"bbox\":[608.6,1479.6,629.4,1498.7],\"text\":\"99\"}],\"order\":30,\"text\":\"99\"}],\"doc\":\"fintabnet:RSG_2014\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"REPUBLIC SERVICES, INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nFinal Capping, Closure and Post-Closure Costs\\n\\nThe following table summarizes the activity in our asset retirement obligation liabilities, which include liabilities\\nfor final capping, closure and post-closure, for the years ended December 31:\\n\\nAsset retirement obligation liabilities, beginning of year\\nNon-cash additions\\nAcquisitions and other adjustments\\nAsset retirement obligation adjustments\\nPayments\\nAccretion expense\\n\\n$\\n\\nAsset retirement obligation liabilities, end of year\\nLess: current portion\\n\\nLong-term portion\\n\\n$\\n\\n2014\\n1,091.3 $\\n38.6\\n3.8\\n(12.8)\\n(54.6)\\n78.0\\n\\n2013\\n1,052.4 $\\n36.5\\n(0.6)\\n12.0\\n(85.6)\\n76.6\\n\\n2012\\n1,037.0\\n33.8\\n(14.6)\\n(4.6)\\n(77.6)\\n78.4\\n\\n1,144.3\\n(87.9)\\n\\n1,091.3\\n(93.6)\\n\\n1,052.4\\n(110.4)\\n\\n1,056.4\\n\\n$\\n\\n997.7\\n\\n$\\n\\n942.0\\n\\nWe review our landfill asset retirement obligations annually. As a result, we recorded a net (decrease) increase in\\namortization expense of $(13.4) million, $(0.3) million and $4.9 million for 2014, 2013 and 2012, respectively,\\nprimarily related to changes in estimates and assumptions concerning the anticipated waste flow, cost and timing\\nof future final capping, closure and post-closure activities.\\n\\nThe fair value of assets that are legally restricted for purposes of settling final capping, closure and post-closure\\nobligations was approximately $26.7 million as of December 31, 2014 and is included in restricted cash and\\nmarketable securities in our consolidated balance sheet.\\n\\nThe expected future payments for final capping, closure and post-closure as of December 31, 2014 follows:\\n\\n2015\\n2016\\n2017\\n2018\\n2019\\nThereafter\\n\\n$\\n\\n87.9\\n121.5\\n88.7\\n78.0\\n92.2\\n5,224.6\\n\\n$ 5,692.9\\n\\nThe estimated remaining final capping, closure and post-closure expenditures presented above are not inflated\\nand not discounted and reflect the estimated future payments for liabilities incurred and recorded as of\\nDecember 31, 2014 and for liabilities yet to be incurred over the remaining life of our landfills.\\n\\nEnvironmental Remediation Liabilities\\n\\nWe accrue for remediation costs when they become probable and can be reasonably estimated. There can\\nsometimes be a range of reasonable estimates of the costs associated with remediation of a site. In these cases,\\nwe use the amount within the range that constitutes our best estimate. If no amount within the range appears to be\\na better estimate than any other, we use the amount that is at the low end of such range. It is reasonably possible\\nthat we will need to adjust the liabilities recorded for remediation to reflect the effects of new or additional\\ninformation, to the extent such information impacts the costs, timing or duration of the required actions. If we\\nused the reasonably possible high ends of our ranges, our aggregate potential remediation liability as of\\n\\n99\",\"name\":\"fintabnet.RSG_2014_page_113__150dpi_none\",\"page_id\":\"fintabnet.RSG_2014_page_113\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"RSG_2014_page_113\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[143.8,333.9,1101.1,603.1],\"block_orders\":[4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19],\"cells\":null},{\"bbox\":[143.8,909.9,1094.2,1091.5],\"block_orders\":[23,24,25,26],\"cells\":null}],\"text\":\"REPUBLIC SERVICES, INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nFinal Capping, Closure and Post-Closure Costs\\n\\nThe following table summarizes the activity in our asset retirement obligation liabilities, which include liabilities\\nfor final capping, closure and post-closure, for the years ended December 31:\\n\\nAsset retirement obligation liabilities, beginning of year\\nNon-cash additions\\nAcquisitions and other adjustments\\nAsset retirement obligation adjustments\\nPayments\\nAccretion expense\\n\\n$\\n\\nAsset retirement obligation liabilities, end of year\\nLess: current portion\\n\\nLong-term portion\\n\\n$\\n\\n2014\\n1,091.3 $\\n38.6\\n3.8\\n(12.8)\\n(54.6)\\n78.0\\n\\n2013\\n1,052.4 $\\n36.5\\n(0.6)\\n12.0\\n(85.6)\\n76.6\\n\\n2012\\n1,037.0\\n33.8\\n(14.6)\\n(4.6)\\n(77.6)\\n78.4\\n\\n1,144.3\\n(87.9)\\n\\n1,091.3\\n(93.6)\\n\\n1,052.4\\n(110.4)\\n\\n1,056.4\\n\\n$\\n\\n997.7\\n\\n$\\n\\n942.0\\n\\nWe review our landfill asset retirement obligations annually. As a result, we recorded a net (decrease) increase in\\namortization expense of $(13.4) million, $(0.3) million and $4.9 million for 2014, 2013 and 2012, respectively,\\nprimarily related to changes in estimates and assumptions concerning the anticipated waste flow, cost and timing\\nof future final capping, closure and post-closure activities.\\n\\nThe fair value of assets that are legally restricted for purposes of settling final capping, closure and post-closure\\nobligations was approximately $26.7 million as of December 31, 2014 and is included in restricted cash and\\nmarketable securities in our consolidated balance sheet.\\n\\nThe expected future payments for final capping, closure and post-closure as of December 31, 2014 follows:\\n\\n2015\\n2016\\n2017\\n2018\\n2019\\nThereafter\\n\\n$\\n\\n87.9\\n121.5\\n88.7\\n78.0\\n92.2\\n5,224.6\\n\\n$ 5,692.9\\n\\nThe estimated remaining final capping, closure and post-closure expenditures presented above are not inflated\\nand not discounted and reflect the estimated future payments for liabilities incurred and recorded as of\\nDecember 31, 2014 and for liabilities yet to be incurred over the remaining life of our landfills.\\n\\nEnvironmental Remediation Liabilities\\n\\nWe accrue for remediation costs when they become probable and can be reasonably estimated. There can\\nsometimes be a range of reasonable estimates of the costs associated with remediation of a site. In these cases,\\nwe use the amount within the range that constitutes our best estimate. If no amount within the range appears to be\\na better estimate than any other, we use the amount that is at the low end of such range. It is reasonably possible\\nthat we will need to adjust the liabilities recorded for remediation to reflect the effects of new or additional\\ninformation, to the extent such information impacts the costs, timing or duration of the required actions. If we\\nused the reasonably possible high ends of our ranges, our aggregate potential remediation liability as of\\n\\n99\"},\"name\":\"fintabnet.RSG_2014_page_113__150dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":117780,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:RSG_2014\",\"dpi\":150,\"gt_sha256\":\"5a263a25e181779a183e567cc5b650736f2696c1b662ad69252032bf3729857e\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.RSG_2014_page_113__150dpi_none\",\"page\":1,\"page_id\":\"fintabnet.RSG_2014_page_113\",\"pdf_sha256\":\"f416f866310b8d75edcd2ac5d24b1736d3572778fe48e50c0dfa7f67ac683b91\",\"px\":[1238,1613],\"scan\":{\"render\":\"00000fc03fc03a243c28303c3ffc3ffc3f00200420043ff83e003ffc3ff80000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"RSG_2014_page_113\",\"src\":{\"file_sha256\":\"b9344e4281da05e2a1ba83d543e8fe98118df9c579729d7be21cb411d973c193\",\"render\":\"00000fd03fc0307c3c28307c3ffc3ffc3f00200420043ff83e203ffc3ff80000\",\"text\":\"1315d4ddb0dce33e89a0998ba2f1e1833862e7a070e78eb5dade13083573a19b\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f416f866310b8d75edcd2ac5d24b1736d3572778fe48e50c0dfa7f67ac683b91\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f416f866310b8d75edcd2ac5d24b1736d3572778fe48e50c0dfa7f67ac683b91.pdf","asset_sha256":"f416f866310b8d75edcd2ac5d24b1736d3572778fe48e50c0dfa7f67ac683b91","document_id":"fintabnet:RSG_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"RSG_2014_page_113\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SEE_2004_page_100\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SEE_2004\",\"ground_truth\":{\"blocks\":[{\"bbox\":[469.4,165.1,1128.0,210.9],\"lines\":[{\"bbox\":[469.4,165.1,1128.0,210.9],\"text\":\"SEALED AIR CORPORATION AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"SEALED AIR CORPORATION AND SUBSIDIARIES\"},{\"bbox\":[453.4,209.1,1146.6,255.8],\"lines\":[{\"bbox\":[453.4,209.1,1146.6,255.8],\"text\":\"Notes to Consolidated Financial Statements (Continued)\"}],\"order\":1,\"text\":\"Notes to Consolidated Financial Statements (Continued)\"},{\"bbox\":[340.6,250.1,1262.0,303.6],\"lines\":[{\"bbox\":[340.6,250.1,1262.0,303.6],\"text\":\"(Amounts in tables in millions of dollars, except share and per share data)\"}],\"order\":2,\"text\":\"(Amounts in tables in millions of dollars, except share and per share data)\"},{\"bbox\":[170.6,365.6,488.7,401.2],\"lines\":[{\"bbox\":[170.6,365.6,488.7,401.2],\"text\":\"Note 13 Debt (Continued)\"}],\"order\":3,\"text\":\"Note 13 Debt (Continued)\"},{\"bbox\":[171.9,409.6,438.3,443.7],\"lines\":[{\"bbox\":[171.9,409.6,438.3,443.7],\"text\":\"Other Lines of Credit\"}],\"order\":4,\"text\":\"Other Lines of Credit\"},{\"bbox\":[173.2,422.4,1444.7,686.1],\"lines\":[{\"bbox\":[228.7,425.5,1337.0,484.5],\"text\":\"Substantially all the Company’s short-term borrowings of $19.8 million and $18.2 million at\"},{\"bbox\":[174.1,455.8,1439.7,519.5],\"text\":\"December 31, 2004 and 2003, respectively, were outstanding under lines of credit available to various of\"},{\"bbox\":[175.1,489.9,1412.0,552.8],\"text\":\"the Company’s U.S. and foreign subsidiaries. The weighted average interest rate on these outstanding\"},{\"bbox\":[176.1,522.5,1437.8,586.1],\"text\":\"lines of credit was 11.37% and 12.86% at December 31, 2004 and 2003, respectively. Amounts available\"},{\"bbox\":[177.1,557.8,1371.0,619.4],\"text\":\"under these credit lines as of December 31, 2004 and 2003 were approximately $237.9 million and\"},{\"bbox\":[178.1,589.0,1443.6,652.7],\"text\":\"$215.3 million, respectively, of which approximately $218.1 million and $197.0 million, respectively, were\"},{\"bbox\":[179.1,657.1,272.0,686.1],\"text\":\"unused.\"}],\"order\":5,\"text\":\"Substantially all the Company’s short-term borrowings of $19.8 million and $18.2 million at\\nDecember 31, 2004 and 2003, respectively, were outstanding under lines of credit available to various of\\nthe Company’s U.S. and foreign subsidiaries. The weighted average interest rate on these outstanding\\nlines of credit was 11.37% and 12.86% at December 31, 2004 and 2003, respectively. Amounts available\\nunder these credit lines as of December 31, 2004 and 2003 were approximately $237.9 million and\\n$215.3 million, respectively, of which approximately $218.1 million and $197.0 million, respectively, were\\nunused.\"},{\"bbox\":[180.3,665.2,1439.7,961.8],\"lines\":[{\"bbox\":[235.9,665.2,1432.8,726.9],\"text\":\"At December 31, 2004 and 2003, the Company had available committed and uncommitted lines of\"},{\"bbox\":[181.3,699.0,1416.7,761.9],\"text\":\"credit, including the credit lines discussed above, of $717.6 million and $693.7 million, respectively, of\"},{\"bbox\":[182.3,733.2,1389.7,795.2],\"text\":\"which $694.2 million and $675.4 million were unused. As of December 31, 2004 and 2003, the total\"},{\"bbox\":[183.3,767.9,1343.9,828.5],\"text\":\"available lines of credit included committed lines of credit of $479.7 million and $479.2 million,\"},{\"bbox\":[184.3,799.7,1394.7,861.8],\"text\":\"respectively, and uncommitted lines of credit of $237.9 million and $214.5 million, respectively. The\"},{\"bbox\":[185.3,833.0,1399.4,895.1],\"text\":\"Company’s principal credit lines were all committed and consisted of the 2006 facility and the ANZ\"},{\"bbox\":[186.3,865.3,1431.7,928.4],\"text\":\"facility. The Company is not subject to any material compensating balance requirements in connection\"},{\"bbox\":[187.3,927.5,459.1,961.8],\"text\":\"with its lines of credit.\"}],\"order\":6,\"text\":\"At December 31, 2004 and 2003, the Company had available committed and uncommitted lines of\\ncredit, including the credit lines discussed above, of $717.6 million and $693.7 million, respectively, of\\nwhich $694.2 million and $675.4 million were unused. As of December 31, 2004 and 2003, the total\\navailable lines of credit included committed lines of credit of $479.7 million and $479.2 million,\\nrespectively, and uncommitted lines of credit of $237.9 million and $214.5 million, respectively. The\\nCompany’s principal credit lines were all committed and consisted of the 2006 facility and the ANZ\\nfacility. The Company is not subject to any material compensating balance requirements in connection\\nwith its lines of credit.\"},{\"bbox\":[189.0,988.9,384.2,1020.9],\"lines\":[{\"bbox\":[189.0,988.9,384.2,1020.9],\"text\":\"Debt Maturities\"}],\"order\":7,\"text\":\"Debt Maturities\"},{\"bbox\":[190.3,1001.1,1410.4,1096.7],\"lines\":[{\"bbox\":[245.8,1001.1,1409.4,1061.7],\"text\":\"Scheduled annual maturities of long-term debt, exclusive of debt discounts and the interest rate\"},{\"bbox\":[191.3,1036.4,1340.9,1096.7],\"text\":\"swap fair value adjustment, for the five years subsequent to December 31, 2004 are as follows:\"}],\"order\":8,\"text\":\"Scheduled annual maturities of long-term debt, exclusive of debt discounts and the interest rate\\nswap fair value adjustment, for the five years subsequent to December 31, 2004 are as follows:\"},{\"bbox\":[248.7,1103.2,1279.0,1326.4],\"lines\":[{\"bbox\":[248.7,1103.2,1274.0,1159.8],\"text\":\"2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[249.7,1136.5,1275.0,1193.1],\"text\":\"2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[250.7,1169.8,1276.0,1226.4],\"text\":\"2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[251.7,1203.1,1277.0,1259.7],\"text\":\"2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[252.7,1236.4,1278.0,1293.0],\"text\":\"2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[253.6,1269.8,1279.0,1326.4],\"text\":\"Thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1306.6,1101.8,1321.2,1128.4],\"lines\":[{\"bbox\":[1306.6,1101.8,1321.2,1128.4],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[1320.5,1099.3,1409.5,1294.6],\"lines\":[{\"bbox\":[1369.0,1099.3,1404.5,1126.5],\"text\":\"3.8\"},{\"bbox\":[1342.3,1132.6,1405.5,1160.7],\"text\":\"271.5\"},{\"bbox\":[1371.0,1165.9,1406.5,1193.2],\"text\":\"3.5\"},{\"bbox\":[1344.2,1199.3,1407.5,1227.3],\"text\":\"303.3\"},{\"bbox\":[1345.2,1232.6,1408.5,1260.6],\"text\":\"230.7\"},{\"bbox\":[1325.4,1265.9,1409.5,1294.6],\"text\":\"1,291.8\"}],\"order\":11,\"text\":\"3.8\\n271.5\\n3.5\\n303.3\\n230.7\\n1,291.8\"},{\"bbox\":[255.0,1314.2,1280.3,1370.8],\"lines\":[{\"bbox\":[255.0,1314.2,1280.3,1370.8],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":12,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1312.8,1310.3,1410.8,1339.4],\"lines\":[{\"bbox\":[1312.8,1310.3,1410.8,1339.4],\"text\":\"$2,104.6\"}],\"order\":13,\"text\":\"$2,104.6\"},{\"bbox\":[201.6,1405.1,725.7,1446.8],\"lines\":[{\"bbox\":[201.6,1405.1,725.7,1446.8],\"text\":\"Note 14 Derivatives and Hedging Activities\"}],\"order\":14,\"text\":\"Note 14 Derivatives and Hedging Activities\"},{\"bbox\":[202.9,1426.3,1446.6,1522.6],\"lines\":[{\"bbox\":[258.4,1426.3,1445.6,1487.7],\"text\":\"The Company reports all derivative instruments on the balance sheet at fair value and establishes\"},{\"bbox\":[203.9,1463.6,1310.5,1522.6],\"text\":\"criteria for designation and effectiveness of transactions entered into for hedging purposes.\"}],\"order\":15,\"text\":\"The Company reports all derivative instruments on the balance sheet at fair value and establishes\\ncriteria for designation and effectiveness of transactions entered into for hedging purposes.\"},{\"bbox\":[205.1,1501.4,1477.5,1798.3],\"lines\":[{\"bbox\":[260.7,1502.7,1426.0,1563.5],\"text\":\"The Company is exposed to market risk, such as fluctuations in foreign currency exchange rates\"},{\"bbox\":[206.1,1535.2,1456.7,1598.4],\"text\":\"and changes in interest rates. To manage the volatility relating to these exposures, the Company enters\"},{\"bbox\":[207.1,1568.1,1472.5,1631.8],\"text\":\"into various derivative instruments from time to time under its risk management policies. The Company\"},{\"bbox\":[208.1,1602.8,1423.8,1665.1],\"text\":\"designates derivative instruments as hedges on a transaction basis to support hedge accounting. The\"},{\"bbox\":[209.1,1635.4,1450.6,1698.4],\"text\":\"changes in fair value of these hedging instruments offset in part or in whole corresponding changes in\"},{\"bbox\":[210.1,1668.1,1472.5,1731.7],\"text\":\"the fair value or cash flows of the underlying exposures being hedged. The Company assesses the initial\"},{\"bbox\":[211.1,1702.6,1432.2,1765.0],\"text\":\"and ongoing effectiveness of its hedging relationships in accordance with its documented policy. The\"},{\"bbox\":[212.1,1738.1,1360.3,1798.3],\"text\":\"Company does not purchase, hold or sell derivative financial instruments for trading purposes.\"}],\"order\":16,\"text\":\"The Company is exposed to market risk, such as fluctuations in foreign currency exchange rates\\nand changes in interest rates. To manage the volatility relating to these exposures, the Company enters\\ninto various derivative instruments from time to time under its risk management policies. The Company\\ndesignates derivative instruments as hedges on a transaction basis to support hedge accounting. The\\nchanges in fair value of these hedging instruments offset in part or in whole corresponding changes in\\nthe fair value or cash flows of the underlying exposures being hedged. The Company assesses the initial\\nand ongoing effectiveness of its hedging relationships in accordance with its documented policy. The\\nCompany does not purchase, hold or sell derivative financial instruments for trading purposes.\"},{\"bbox\":[837.2,1954.3,865.7,1981.3],\"lines\":[{\"bbox\":[837.2,1954.3,865.7,1981.3],\"text\":\"77\"}],\"order\":17,\"text\":\"77\"}],\"doc\":\"fintabnet:SEE_2004\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"SEALED AIR CORPORATION AND SUBSIDIARIES\\n\\nNotes to Consolidated Financial Statements (Continued)\\n\\n(Amounts in tables in millions of dollars, except share and per share data)\\n\\nNote 13 Debt (Continued)\\n\\nOther Lines of Credit\\n\\nSubstantially all the Company’s short-term borrowings of $19.8 million and $18.2 million at\\nDecember 31, 2004 and 2003, respectively, were outstanding under lines of credit available to various of\\nthe Company’s U.S. and foreign subsidiaries. The weighted average interest rate on these outstanding\\nlines of credit was 11.37% and 12.86% at December 31, 2004 and 2003, respectively. Amounts available\\nunder these credit lines as of December 31, 2004 and 2003 were approximately $237.9 million and\\n$215.3 million, respectively, of which approximately $218.1 million and $197.0 million, respectively, were\\nunused.\\n\\nAt December 31, 2004 and 2003, the Company had available committed and uncommitted lines of\\ncredit, including the credit lines discussed above, of $717.6 million and $693.7 million, respectively, of\\nwhich $694.2 million and $675.4 million were unused. As of December 31, 2004 and 2003, the total\\navailable lines of credit included committed lines of credit of $479.7 million and $479.2 million,\\nrespectively, and uncommitted lines of credit of $237.9 million and $214.5 million, respectively. The\\nCompany’s principal credit lines were all committed and consisted of the 2006 facility and the ANZ\\nfacility. The Company is not subject to any material compensating balance requirements in connection\\nwith its lines of credit.\\n\\nDebt Maturities\\n\\nScheduled annual maturities of long-term debt, exclusive of debt discounts and the interest rate\\nswap fair value adjustment, for the five years subsequent to December 31, 2004 are as follows:\\n\\n| 2005 | $3.8 |\\n| --- | --- |\\n| 2006 | 271.5 |\\n| 2007 | 3.5 |\\n| 2008 | 303.3 |\\n| 2009 | 230.7 |\\n| Thereafter | 1,291.8 |\\n| Total | $2,104.6 |\\n\\nNote 14 Derivatives and Hedging Activities\\n\\nThe Company reports all derivative instruments on the balance sheet at fair value and establishes\\ncriteria for designation and effectiveness of transactions entered into for hedging purposes.\\n\\nThe Company is exposed to market risk, such as fluctuations in foreign currency exchange rates\\nand changes in interest rates. To manage the volatility relating to these exposures, the Company enters\\ninto various derivative instruments from time to time under its risk management policies. The Company\\ndesignates derivative instruments as hedges on a transaction basis to support hedge accounting. The\\nchanges in fair value of these hedging instruments offset in part or in whole corresponding changes in\\nthe fair value or cash flows of the underlying exposures being hedged. The Company assesses the initial\\nand ongoing effectiveness of its hedging relationships in accordance with its documented policy. The\\nCompany does not purchase, hold or sell derivative financial instruments for trading purposes.\\n\\n77\",\"name\":\"fintabnet.SEE_2004_page_100__200dpi_medium\",\"page_id\":\"fintabnet.SEE_2004_page_100\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.698,\"source\":\"fintabnet\",\"source_id\":\"SEE_2004_page_100\",\"stack\":[{\"deg\":1.698,\"op\":\"skew\"},{\"amp\":0.081,\"angle\":128.1,\"blob\":0.619,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.778},{\"op\":\"noise\",\"sigma\":6.341},{\"gain\":0.726,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":0.052,\"op\":\"binarise\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[248.5,1091.7,1410.8,1370.8],\"block_orders\":[9,10,11,12,13],\"cells\":[{\"bbox\":[248.7,1130.3,305.0,1159.8],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\"2005\"},{\"bbox\":[1306.5,1097.7,1404.6,1128.4],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"$3.8\"},{\"bbox\":[249.6,1163.6,306.0,1193.1],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"2006\"},{\"bbox\":[1342.2,1131.0,1405.5,1160.7],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"271.5\"},{\"bbox\":[250.6,1197.0,307.0,1226.4],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"2007\"},{\"bbox\":[1371.0,1164.4,1406.5,1193.2],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"3.5\"},{\"bbox\":[251.6,1230.3,308.0,1259.7],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"2008\"},{\"bbox\":[1344.2,1197.7,1407.5,1227.3],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"303.3\"},{\"bbox\":[252.6,1263.6,309.0,1293.0],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"2009\"},{\"bbox\":[1345.2,1231.0,1408.5,1260.6],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"230.7\"},{\"bbox\":[253.6,1294.4,396.0,1326.4],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Thereafter\"},{\"bbox\":[1325.3,1264.3,1409.5,1294.6],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"1,291.8\"},{\"bbox\":[254.9,1341.2,315.3,1370.8],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Total\"},{\"bbox\":[1312.8,1308.7,1410.8,1339.4],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"$2,104.6\"}]}],\"text\":\"SEALED AIR CORPORATION AND SUBSIDIARIES\\n\\nNotes to Consolidated Financial Statements (Continued)\\n\\n(Amounts in tables in millions of dollars, except share and per share data)\\n\\nNote 13 Debt (Continued)\\n\\nOther Lines of Credit\\n\\nSubstantially all the Company’s short-term borrowings of $19.8 million and $18.2 million at\\nDecember 31, 2004 and 2003, respectively, were outstanding under lines of credit available to various of\\nthe Company’s U.S. and foreign subsidiaries. The weighted average interest rate on these outstanding\\nlines of credit was 11.37% and 12.86% at December 31, 2004 and 2003, respectively. Amounts available\\nunder these credit lines as of December 31, 2004 and 2003 were approximately $237.9 million and\\n$215.3 million, respectively, of which approximately $218.1 million and $197.0 million, respectively, were\\nunused.\\n\\nAt December 31, 2004 and 2003, the Company had available committed and uncommitted lines of\\ncredit, including the credit lines discussed above, of $717.6 million and $693.7 million, respectively, of\\nwhich $694.2 million and $675.4 million were unused. As of December 31, 2004 and 2003, the total\\navailable lines of credit included committed lines of credit of $479.7 million and $479.2 million,\\nrespectively, and uncommitted lines of credit of $237.9 million and $214.5 million, respectively. The\\nCompany’s principal credit lines were all committed and consisted of the 2006 facility and the ANZ\\nfacility. The Company is not subject to any material compensating balance requirements in connection\\nwith its lines of credit.\\n\\nDebt Maturities\\n\\nScheduled annual maturities of long-term debt, exclusive of debt discounts and the interest rate\\nswap fair value adjustment, for the five years subsequent to December 31, 2004 are as follows:\\n\\n2005 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2006 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2007 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2008 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2009 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n3.8\\n271.5\\n3.5\\n303.3\\n230.7\\n1,291.8\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$2,104.6\\n\\nNote 14 Derivatives and Hedging Activities\\n\\nThe Company reports all derivative instruments on the balance sheet at fair value and establishes\\ncriteria for designation and effectiveness of transactions entered into for hedging purposes.\\n\\nThe Company is exposed to market risk, such as fluctuations in foreign currency exchange rates\\nand changes in interest rates. To manage the volatility relating to these exposures, the Company enters\\ninto various derivative instruments from time to time under its risk management policies. The Company\\ndesignates derivative instruments as hedges on a transaction basis to support hedge accounting. The\\nchanges in fair value of these hedging instruments offset in part or in whole corresponding changes in\\nthe fair value or cash flows of the underlying exposures being hedged. The Company assesses the initial\\nand ongoing effectiveness of its hedging relationships in accordance with its documented policy. The\\nCompany does not purchase, hold or sell derivative financial instruments for trading purposes.\\n\\n77\"},\"name\":\"fintabnet.SEE_2004_page_100__200dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":62180,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:SEE_2004\",\"dpi\":200,\"gt_sha256\":\"e473a1438c0519b8e198d0eb72566a3b7e529e3b119b816e3c942924b99f25de\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SEE_2004_page_100__200dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.SEE_2004_page_100\",\"pdf_sha256\":\"903ff5c490c8286ef4a5ac3055864898205c8f026cc74e9f346257f10ece756e\",\"px\":[1650,2150],\"scan\":{\"render\":\"000007e018003ffc3ffc3ffc3ffc3bf8200020043e043ffc3ffc380000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"SEE_2004_page_100\",\"src\":{\"file_sha256\":\"ff24162105bcc81e30a70f4cc6ef44b0b840e44b9337ead63eefb55ef93241f0\",\"render\":\"000007e018003ffc3ffc3ffc3ffc3ff8200020043e043ffc3ffc000000000000\",\"text\":\"ebfce0857c5bed021b75771ce969b67712c4a63f8ac24d23cb551772ed2da24c\"},\"stack\":[{\"deg\":1.698,\"op\":\"skew\"},{\"amp\":0.081,\"angle\":128.1,\"blob\":0.619,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.778},{\"op\":\"noise\",\"sigma\":6.341},{\"gain\":0.726,\"op\":\"contrast\"},{\"method\":\"global\",\"offset\":0.052,\"op\":\"binarise\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"903ff5c490c8286ef4a5ac3055864898205c8f026cc74e9f346257f10ece756e\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/903ff5c490c8286ef4a5ac3055864898205c8f026cc74e9f346257f10ece756e.pdf","asset_sha256":"903ff5c490c8286ef4a5ac3055864898205c8f026cc74e9f346257f10ece756e","document_id":"fintabnet:SEE_2004","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SEE_2004_page_100\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SEE_2004_page_125\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SEE_2004\",\"ground_truth\":{\"blocks\":[{\"bbox\":[1099.7,259.5,1263.8,305.6],\"lines\":[{\"bbox\":[1099.7,259.5,1263.8,305.6],\"text\":\"PART IV\"}],\"order\":0,\"text\":\"PART IV\"},{\"bbox\":[234.9,336.9,1209.7,417.0],\"lines\":[{\"bbox\":[234.9,336.9,1209.7,417.0],\"text\":\"Item 15. Exhibits and Financial Statement Schedules\"}],\"order\":1,\"text\":\"Item 15. Exhibits and Financial Statement Schedules\"},{\"bbox\":[238.0,399.9,1496.0,491.9],\"lines\":[{\"bbox\":[238.0,399.9,1496.0,491.9],\"text\":\"(a) Documents filed as a part of this Annual Report on Form 10-K:\"}],\"order\":2,\"text\":\"(a) Documents filed as a part of this Annual Report on Form 10-K:\"},{\"bbox\":[325.4,529.7,774.4,588.3],\"lines\":[{\"bbox\":[325.4,529.7,774.4,588.3],\"text\":\"(i) Financial Statements\"}],\"order\":3,\"text\":\"(i) Financial Statements\"},{\"bbox\":[328.6,550.1,2094.0,713.2],\"lines\":[{\"bbox\":[328.6,550.1,2091.9,663.3],\"text\":\"See Index to Consolidated Financial Statements and Schedule on page 41 of this Annual Report\"},{\"bbox\":[330.7,662.7,600.5,713.2],\"text\":\"on Form 10-K.\"}],\"order\":4,\"text\":\"See Index to Consolidated Financial Statements and Schedule on page 41 of this Annual Report\\non Form 10-K.\"},{\"bbox\":[333.8,723.0,936.5,788.2],\"lines\":[{\"bbox\":[333.8,723.0,936.5,788.2],\"text\":\"(ii) Financial Statement Schedule\"}],\"order\":5,\"text\":\"(ii) Financial Statement Schedule\"},{\"bbox\":[337.0,750.1,2097.7,913.1],\"lines\":[{\"bbox\":[337.0,750.1,2095.6,863.1],\"text\":\"See Schedule II—Valuation and Qualifying Accounts and Reserves—Years Ended December 31,\"},{\"bbox\":[339.1,819.0,1645.9,913.1],\"text\":\"2004, 2003 and 2002 on page 105 of this Annual Report on Form 10-K.\"}],\"order\":6,\"text\":\"See Schedule II—Valuation and Qualifying Accounts and Reserves—Years Ended December 31,\\n2004, 2003 and 2002 on page 105 of this Annual Report on Form 10-K.\"},{\"bbox\":[342.2,938.8,565.0,988.0],\"lines\":[{\"bbox\":[342.2,938.8,565.0,988.0],\"text\":\"(iii) Exhibits\"}],\"order\":7,\"text\":\"(iii) Exhibits\"},{\"bbox\":[263.8,1036.4,384.1,1106.1],\"lines\":[{\"bbox\":[269.9,1036.6,376.7,1072.5],\"text\":\"Exhibit\"},{\"bbox\":[265.2,1069.7,384.1,1106.1],\"text\":\"Number\"}],\"order\":8,\"text\":\"Exhibit\\nNumber\"},{\"bbox\":[300.5,1131.7,354.2,1173.2],\"lines\":[{\"bbox\":[300.5,1131.7,354.2,1173.2],\"text\":\"2.1\"}],\"order\":9,\"text\":\"2.1\"},{\"bbox\":[307.2,1290.4,360.9,1331.8],\"lines\":[{\"bbox\":[307.2,1290.4,360.9,1331.8],\"text\":\"3.1\"}],\"order\":10,\"text\":\"3.1\"},{\"bbox\":[313.8,1449.0,367.5,1490.5],\"lines\":[{\"bbox\":[313.8,1449.0,367.5,1490.5],\"text\":\"3.2\"}],\"order\":11,\"text\":\"3.2\"},{\"bbox\":[320.5,1607.6,374.2,1649.1],\"lines\":[{\"bbox\":[320.5,1607.6,374.2,1649.1],\"text\":\"4.1\"}],\"order\":12,\"text\":\"4.1\"},{\"bbox\":[329.2,1814.9,382.9,1856.4],\"lines\":[{\"bbox\":[329.2,1814.9,382.9,1856.4],\"text\":\"4.2\"}],\"order\":13,\"text\":\"4.2\"},{\"bbox\":[337.9,2022.2,391.6,2063.7],\"lines\":[{\"bbox\":[337.9,2022.2,391.6,2063.7],\"text\":\"4.3\"}],\"order\":14,\"text\":\"4.3\"},{\"bbox\":[325.8,2229.5,400.3,2271.9],\"lines\":[{\"bbox\":[325.8,2229.5,400.3,2271.9],\"text\":\"10.1\"}],\"order\":15,\"text\":\"10.1\"},{\"bbox\":[334.5,2436.9,409.0,2479.2],\"lines\":[{\"bbox\":[334.5,2436.9,409.0,2479.2],\"text\":\"10.2\"}],\"order\":16,\"text\":\"10.2\"},{\"bbox\":[343.2,2644.2,417.7,2686.5],\"lines\":[{\"bbox\":[343.2,2644.2,417.7,2686.5],\"text\":\"10.3\"}],\"order\":17,\"text\":\"10.3\"},{\"bbox\":[1214.4,1027.8,1383.2,1066.3],\"lines\":[{\"bbox\":[1214.4,1027.8,1383.2,1066.3],\"text\":\"Description\"}],\"order\":18,\"text\":\"Description\"},{\"bbox\":[436.3,1055.8,2233.1,2777.4],\"lines\":[{\"bbox\":[436.3,1055.8,2165.6,1167.5],\"text\":\"Distribution Agreement dated as of March 30, 1998 among the Company, W. R. Grace & Co.-\"},{\"bbox\":[438.4,1106.9,2109.2,1216.2],\"text\":\"Conn., and W.R. Grace & Co. (Exhibit 2.2 to the Company’s Current Report on Form 8-K,\"},{\"bbox\":[440.4,1158.8,2035.2,1264.9],\"text\":\"Date of Report March 31, 1998, File No. 1-12139, is incorporated herein by reference.)\"},{\"bbox\":[443.0,1215.2,2151.7,1326.1],\"text\":\"Unofficial Composite Amended and Restated Certificate of Incorporation of the Company as\"},{\"bbox\":[445.0,1269.3,2025.0,1374.9],\"text\":\"currently in effect. (Exhibit 3.1 to the Company’s Registration Statement on Form S-3,\"},{\"bbox\":[447.1,1333.7,1653.7,1423.6],\"text\":\"Registration No. 333-108544, is incorporated herein by reference.)\"},{\"bbox\":[449.6,1376.2,2103.2,1484.8],\"text\":\"Amended and Restated By-Laws of the Company as currently in effect. (Exhibit 3.3 to the\"},{\"bbox\":[451.7,1428.4,2021.9,1533.5],\"text\":\"Company’s Annual Report on Form 10-K for the year ended December 31, 2000, File\"},{\"bbox\":[453.7,1504.7,1364.2,1582.2],\"text\":\"No. 1-12139, is incorporated herein by reference.)\"},{\"bbox\":[456.3,1532.9,2153.8,1643.4],\"text\":\"Indenture, dated as of July 1, 2003, of the Company, as Issuer, to SunTrust Bank, as Trustee,\"},{\"bbox\":[458.3,1581.0,2172.1,1692.1],\"text\":\"regarding 5.625% Senior Notes Due 2013 and 6.875% Senior Notes Due 2033. (Exhibit 4.1 to\"},{\"bbox\":[460.4,1632.7,2100.7,1740.8],\"text\":\"the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, File\"},{\"bbox\":[462.4,1712.1,1372.9,1789.5],\"text\":\"No. 1-12139, is incorporated herein by reference.)\"},{\"bbox\":[465.0,1740.2,2162.5,1850.7],\"text\":\"Indenture, dated as of July 1, 2003, of the Company, as Issuer, to SunTrust Bank, as Trustee,\"},{\"bbox\":[467.0,1790.2,2135.3,1899.4],\"text\":\"regarding 3% Convertible Senior Notes Due 2033. (Exhibit 4.2 to the Company’s Quarterly\"},{\"bbox\":[469.1,1837.6,2168.1,1948.1],\"text\":\"Report on Form 10-Q for the quarter ended June 30, 2003, File No. 1-12139, is incorporated\"},{\"bbox\":[471.1,1941.6,851.9,1996.8],\"text\":\"herein by reference.)\"},{\"bbox\":[473.7,1946.3,2200.9,2058.0],\"text\":\"Registration Rights Agreement, dated as of July 1, 2003, between the Company, as Issuer, and\"},{\"bbox\":[475.7,1996.6,2165.9,2106.7],\"text\":\"the initial purchasers of the Company’s 3% Convertible Senior Notes Due 2033. (Exhibit 4.3\"},{\"bbox\":[477.8,2045.2,2169.0,2155.4],\"text\":\"to the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, File\"},{\"bbox\":[479.8,2126.7,1390.3,2204.1],\"text\":\"No. 1-12139, is incorporated herein by reference.)\"},{\"bbox\":[482.4,2155.9,2156.8,2265.3],\"text\":\"Employee Benefits Allocation Agreement dated as of March 30, 1998 among the Company,\"},{\"bbox\":[484.4,2204.0,2171.0,2314.0],\"text\":\"W. R. Grace & Co.—Conn. and W. R. Grace & Co. (Exhibit 10.1 to the Company’s Current\"},{\"bbox\":[486.5,2256.2,2089.9,2362.7],\"text\":\"Report on Form 8-K, Date of Report March 31, 1998, File No. 1-12139, is incorporated\"},{\"bbox\":[488.5,2356.2,869.3,2411.4],\"text\":\"herein by reference.)\"},{\"bbox\":[491.1,2361.3,2210.7,2472.6],\"text\":\"Tax Sharing Agreement dated as of March 30, 1998 by and among the Company, W. R. Grace\"},{\"bbox\":[493.1,2413.0,2140.0,2521.3],\"text\":\"& Co.—Conn. and W. R. Grace & Co. (Exhibit 10.2 to the Company’s Current Report on\"},{\"bbox\":[495.2,2464.3,2082.0,2570.1],\"text\":\"Form 8-K, Date of Report March 31, 1998, File No. 1-12139, is incorporated herein by\"},{\"bbox\":[497.2,2571.3,694.1,2618.8],\"text\":\"reference.)\"},{\"bbox\":[499.8,2575.3,2058.6,2680.0],\"text\":\"Restricted Stock Plan for Non-Employee Directors of the Company. (Annex E to the\"},{\"bbox\":[501.8,2620.7,2141.2,2728.7],\"text\":\"Company’s Proxy Statement for the 1998 Annual Meeting of Stockholders is incorporated\"},{\"bbox\":[503.9,2721.3,905.5,2777.4],\"text\":\"herein by reference.)*\"}],\"order\":19,\"text\":\"Distribution Agreement dated as of March 30, 1998 among the Company, W. R. Grace & Co.-\\nConn., and W.R. Grace & Co. (Exhibit 2.2 to the Company’s Current Report on Form 8-K,\\nDate of Report March 31, 1998, File No. 1-12139, is incorporated herein by reference.)\\nUnofficial Composite Amended and Restated Certificate of Incorporation of the Company as\\ncurrently in effect. (Exhibit 3.1 to the Company’s Registration Statement on Form S-3,\\nRegistration No. 333-108544, is incorporated herein by reference.)\\nAmended and Restated By-Laws of the Company as currently in effect. (Exhibit 3.3 to the\\nCompany’s Annual Report on Form 10-K for the year ended December 31, 2000, File\\nNo. 1-12139, is incorporated herein by reference.)\\nIndenture, dated as of July 1, 2003, of the Company, as Issuer, to SunTrust Bank, as Trustee,\\nregarding 5.625% Senior Notes Due 2013 and 6.875% Senior Notes Due 2033. (Exhibit 4.1 to\\nthe Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, File\\nNo. 1-12139, is incorporated herein by reference.)\\nIndenture, dated as of July 1, 2003, of the Company, as Issuer, to SunTrust Bank, as Trustee,\\nregarding 3% Convertible Senior Notes Due 2033. (Exhibit 4.2 to the Company’s Quarterly\\nReport on Form 10-Q for the quarter ended June 30, 2003, File No. 1-12139, is incorporated\\nherein by reference.)\\nRegistration Rights Agreement, dated as of July 1, 2003, between the Company, as Issuer, and\\nthe initial purchasers of the Company’s 3% Convertible Senior Notes Due 2033. (Exhibit 4.3\\nto the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, File\\nNo. 1-12139, is incorporated herein by reference.)\\nEmployee Benefits Allocation Agreement dated as of March 30, 1998 among the Company,\\nW. R. Grace & Co.—Conn. and W. R. Grace & Co. (Exhibit 10.1 to the Company’s Current\\nReport on Form 8-K, Date of Report March 31, 1998, File No. 1-12139, is incorporated\\nherein by reference.)\\nTax Sharing Agreement dated as of March 30, 1998 by and among the Company, W. R. Grace\\n& Co.—Conn. and W. R. Grace & Co. (Exhibit 10.2 to the Company’s Current Report on\\nForm 8-K, Date of Report March 31, 1998, File No. 1-12139, is incorporated herein by\\nreference.)\\nRestricted Stock Plan for Non-Employee Directors of the Company. (Annex E to the\\nCompany’s Proxy Statement for the 1998 Annual Meeting of Stockholders is incorporated\\nherein by reference.)*\"},{\"bbox\":[1261.6,2930.1,1325.7,2972.0],\"lines\":[{\"bbox\":[1261.6,2930.1,1325.7,2972.0],\"text\":\"102\"}],\"order\":20,\"text\":\"102\"}],\"doc\":\"fintabnet:SEE_2004\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"PART IV\\n\\nItem 15. Exhibits and Financial Statement Schedules\\n\\n(a) Documents filed as a part of this Annual Report on Form 10-K:\\n\\n(i) Financial Statements\\n\\nSee Index to Consolidated Financial Statements and Schedule on page 41 of this Annual Report\\non Form 10-K.\\n\\n(ii) Financial Statement Schedule\\n\\nSee Schedule II—Valuation and Qualifying Accounts and Reserves—Years Ended December 31,\\n2004, 2003 and 2002 on page 105 of this Annual Report on Form 10-K.\\n\\n(iii) Exhibits\\n\\nExhibit\\nNumber\\n\\n2.1\\n\\n3.1\\n\\n3.2\\n\\n4.1\\n\\n4.2\\n\\n4.3\\n\\n10.1\\n\\n10.2\\n\\n10.3\\n\\nDescription\\n\\nDistribution Agreement dated as of March 30, 1998 among the Company, W. R. Grace & Co.-\\nConn., and W.R. Grace & Co. (Exhibit 2.2 to the Company’s Current Report on Form 8-K,\\nDate of Report March 31, 1998, File No. 1-12139, is incorporated herein by reference.)\\nUnofficial Composite Amended and Restated Certificate of Incorporation of the Company as\\ncurrently in effect. (Exhibit 3.1 to the Company’s Registration Statement on Form S-3,\\nRegistration No. 333-108544, is incorporated herein by reference.)\\nAmended and Restated By-Laws of the Company as currently in effect. (Exhibit 3.3 to the\\nCompany’s Annual Report on Form 10-K for the year ended December 31, 2000, File\\nNo. 1-12139, is incorporated herein by reference.)\\nIndenture, dated as of July 1, 2003, of the Company, as Issuer, to SunTrust Bank, as Trustee,\\nregarding 5.625% Senior Notes Due 2013 and 6.875% Senior Notes Due 2033. (Exhibit 4.1 to\\nthe Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, File\\nNo. 1-12139, is incorporated herein by reference.)\\nIndenture, dated as of July 1, 2003, of the Company, as Issuer, to SunTrust Bank, as Trustee,\\nregarding 3% Convertible Senior Notes Due 2033. (Exhibit 4.2 to the Company’s Quarterly\\nReport on Form 10-Q for the quarter ended June 30, 2003, File No. 1-12139, is incorporated\\nherein by reference.)\\nRegistration Rights Agreement, dated as of July 1, 2003, between the Company, as Issuer, and\\nthe initial purchasers of the Company’s 3% Convertible Senior Notes Due 2033. (Exhibit 4.3\\nto the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, File\\nNo. 1-12139, is incorporated herein by reference.)\\nEmployee Benefits Allocation Agreement dated as of March 30, 1998 among the Company,\\nW. R. Grace & Co.—Conn. and W. R. Grace & Co. (Exhibit 10.1 to the Company’s Current\\nReport on Form 8-K, Date of Report March 31, 1998, File No. 1-12139, is incorporated\\nherein by reference.)\\nTax Sharing Agreement dated as of March 30, 1998 by and among the Company, W. R. Grace\\n& Co.—Conn. and W. R. Grace & Co. (Exhibit 10.2 to the Company’s Current Report on\\nForm 8-K, Date of Report March 31, 1998, File No. 1-12139, is incorporated herein by\\nreference.)\\nRestricted Stock Plan for Non-Employee Directors of the Company. (Annex E to the\\nCompany’s Proxy Statement for the 1998 Annual Meeting of Stockholders is incorporated\\nherein by reference.)*\\n\\n102\",\"name\":\"fintabnet.SEE_2004_page_125__300dpi_heavy\",\"page_id\":\"fintabnet.SEE_2004_page_125\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":2.402,\"source\":\"fintabnet\",\"source_id\":\"SEE_2004_page_125\",\"stack\":[{\"deg\":2.402,\"op\":\"skew\"},{\"amp\":0.225,\"angle\":24.3,\"blob\":0.526,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.273},{\"op\":\"noise\",\"sigma\":11.328},{\"gain\":0.496,\"op\":\"contrast\"},{\"offset\":0.044,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[263.5,954.0,2233.2,2785.4],\"block_orders\":[8,9,10,11,12,13,14,15,16,17,18,19],\"cells\":null}],\"text\":\"PART IV\\n\\nItem 15. Exhibits and Financial Statement Schedules\\n\\n(a) Documents filed as a part of this Annual Report on Form 10-K:\\n\\n(i) Financial Statements\\n\\nSee Index to Consolidated Financial Statements and Schedule on page 41 of this Annual Report\\non Form 10-K.\\n\\n(ii) Financial Statement Schedule\\n\\nSee Schedule II—Valuation and Qualifying Accounts and Reserves—Years Ended December 31,\\n2004, 2003 and 2002 on page 105 of this Annual Report on Form 10-K.\\n\\n(iii) Exhibits\\n\\nExhibit\\nNumber\\n\\n2.1\\n\\n3.1\\n\\n3.2\\n\\n4.1\\n\\n4.2\\n\\n4.3\\n\\n10.1\\n\\n10.2\\n\\n10.3\\n\\nDescription\\n\\nDistribution Agreement dated as of March 30, 1998 among the Company, W. R. Grace & Co.-\\nConn., and W.R. Grace & Co. (Exhibit 2.2 to the Company’s Current Report on Form 8-K,\\nDate of Report March 31, 1998, File No. 1-12139, is incorporated herein by reference.)\\nUnofficial Composite Amended and Restated Certificate of Incorporation of the Company as\\ncurrently in effect. (Exhibit 3.1 to the Company’s Registration Statement on Form S-3,\\nRegistration No. 333-108544, is incorporated herein by reference.)\\nAmended and Restated By-Laws of the Company as currently in effect. (Exhibit 3.3 to the\\nCompany’s Annual Report on Form 10-K for the year ended December 31, 2000, File\\nNo. 1-12139, is incorporated herein by reference.)\\nIndenture, dated as of July 1, 2003, of the Company, as Issuer, to SunTrust Bank, as Trustee,\\nregarding 5.625% Senior Notes Due 2013 and 6.875% Senior Notes Due 2033. (Exhibit 4.1 to\\nthe Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, File\\nNo. 1-12139, is incorporated herein by reference.)\\nIndenture, dated as of July 1, 2003, of the Company, as Issuer, to SunTrust Bank, as Trustee,\\nregarding 3% Convertible Senior Notes Due 2033. (Exhibit 4.2 to the Company’s Quarterly\\nReport on Form 10-Q for the quarter ended June 30, 2003, File No. 1-12139, is incorporated\\nherein by reference.)\\nRegistration Rights Agreement, dated as of July 1, 2003, between the Company, as Issuer, and\\nthe initial purchasers of the Company’s 3% Convertible Senior Notes Due 2033. (Exhibit 4.3\\nto the Company’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2003, File\\nNo. 1-12139, is incorporated herein by reference.)\\nEmployee Benefits Allocation Agreement dated as of March 30, 1998 among the Company,\\nW. R. Grace & Co.—Conn. and W. R. Grace & Co. (Exhibit 10.1 to the Company’s Current\\nReport on Form 8-K, Date of Report March 31, 1998, File No. 1-12139, is incorporated\\nherein by reference.)\\nTax Sharing Agreement dated as of March 30, 1998 by and among the Company, W. R. Grace\\n& Co.—Conn. and W. R. Grace & Co. (Exhibit 10.2 to the Company’s Current Report on\\nForm 8-K, Date of Report March 31, 1998, File No. 1-12139, is incorporated herein by\\nreference.)\\nRestricted Stock Plan for Non-Employee Directors of the Company. 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Cost of sales as a percentage of net sales increased by 160 basis points, primarily on higher input\"},{\"bbox\":[208.5,767.5,301.9,823.4],\"text\":\"costs.\"}],\"order\":2,\"text\":\"As reported, cost of sales increased by $239 million, or 9%, in 2017 as compared to 2016. Cost of sales was impacted by\\nunfavorable foreign currency translation of $23 million. On a constant dollar basis, cost of sales increased $216 million, or 8%,\\nprimarily due to higher raw material costs on increased sales volumes, non-material inflation and freight costs and increase\\ncosts due to acquisitions. 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SG&A expenses were\"},{\"bbox\":[208.5,1616.8,2276.7,1672.7],\"text\":\"impacted by favorable foreign currency translation of $1 million. On a constant dollar basis, SG&A expenses decreased $34\"},{\"bbox\":[208.5,1674.4,1868.4,1730.3],\"text\":\"million, or 4%. This is primarily driven by higher costs in the prior year due to the sale of Diversey.\"}],\"order\":22,\"text\":\"As reported, SG&A expenses decreased $33 million, or 4%, in 2018 as compared to 2017. SG&A expenses were\\nimpacted by favorable foreign currency translation of $1 million. On a constant dollar basis, SG&A expenses decreased $34\\nmillion, or 4%. This is primarily driven by higher costs in the prior year due to the sale of Diversey.\"},{\"bbox\":[302.5,1782.5,737.7,1837.7],\"lines\":[{\"bbox\":[302.5,1782.5,737.7,1837.7],\"text\":\"2017 compared with 2016\"}],\"order\":23,\"text\":\"2017 compared with 2016\"},{\"bbox\":[208.5,1888.8,2339.2,2059.8],\"lines\":[{\"bbox\":[302.5,1888.8,2339.2,1944.7],\"text\":\"As reported, SG&A expenses increased $61 million, or 8%, in 2017 as compared to 2016. SG&A expenses were impacted\"},{\"bbox\":[208.5,1946.3,2334.3,2002.2],\"text\":\"by unfavorable foreign currency translation of $5 million. On a constant dollar basis, SG&A expenses increased $57 million, or\"},{\"bbox\":[208.5,2003.9,1844.0,2059.8],\"text\":\"8%, primarily related to cost associated with sale of Diversey as well as salary and wage inflation.\"}],\"order\":24,\"text\":\"As reported, SG&A expenses increased $61 million, or 8%, in 2017 as compared to 2016. SG&A expenses were impacted\\nby unfavorable foreign currency translation of $5 million. On a constant dollar basis, SG&A expenses increased $57 million, or\\n8%, primarily related to cost associated with sale of Diversey as well as salary and wage inflation.\"},{\"bbox\":[302.5,2110.7,1231.0,2168.1],\"lines\":[{\"bbox\":[302.5,2110.7,1231.0,2168.1],\"text\":\"Amortization Expense of Intangible Assets Acquired\"}],\"order\":25,\"text\":\"Amortization Expense of Intangible Assets Acquired\"},{\"bbox\":[301.5,2218.8,2007.5,2274.7],\"lines\":[{\"bbox\":[301.5,2218.8,2007.5,2274.7],\"text\":\"Amortization expense of intangible assets acquired for the years ended December 31, were as follows:\"}],\"order\":26,\"text\":\"Amortization expense of intangible assets acquired for the years ended December 31, were as follows:\"},{\"bbox\":[1340.5,2332.6,1709.9,2379.0],\"lines\":[{\"bbox\":[1340.5,2332.6,1709.9,2379.0],\"text\":\"Year Ended December 31,\"}],\"order\":27,\"text\":\"Year Ended December 31,\"},{\"bbox\":[1258.5,2392.1,1325.2,2438.5],\"lines\":[{\"bbox\":[1258.5,2392.1,1325.2,2438.5],\"text\":\"2018\"}],\"order\":28,\"text\":\"2018\"},{\"bbox\":[246.0,2392.9,419.7,2437.8],\"lines\":[{\"bbox\":[246.0,2392.9,419.7,2437.8],\"text\":\"(In millions)\"}],\"order\":29,\"text\":\"(In millions)\"},{\"bbox\":[221.0,2448.3,1070.9,2504.2],\"lines\":[{\"bbox\":[221.0,2448.3,1070.9,2504.2],\"text\":\"Amortization expense of intangible assets acquired\"}],\"order\":30,\"text\":\"Amortization expense of intangible assets acquired\"},{\"bbox\":[271.0,2520.0,587.1,2575.2],\"lines\":[{\"bbox\":[271.0,2520.0,587.1,2575.2],\"text\":\"As a % of net sales\"}],\"order\":31,\"text\":\"As a % of net sales\"},{\"bbox\":[1183.5,2448.3,1204.2,2504.2],\"lines\":[{\"bbox\":[1183.5,2448.3,1204.2,2504.2],\"text\":\"$\"}],\"order\":32,\"text\":\"$\"},{\"bbox\":[1290.5,2448.3,1363.7,2504.2],\"lines\":[{\"bbox\":[1290.5,2448.3,1363.7,2504.2],\"text\":\"15.7\"}],\"order\":33,\"text\":\"15.7\"},{\"bbox\":[1311.5,2520.0,1400.1,2575.2],\"lines\":[{\"bbox\":[1311.5,2520.0,1400.1,2575.2],\"text\":\"0.3 %\"}],\"order\":34,\"text\":\"0.3 %\"},{\"bbox\":[1491.5,2392.1,1558.2,2438.5],\"lines\":[{\"bbox\":[1491.5,2392.1,1558.2,2438.5],\"text\":\"2017\"}],\"order\":35,\"text\":\"2017\"},{\"bbox\":[1416.5,2448.3,1437.2,2504.2],\"lines\":[{\"bbox\":[1416.5,2448.3,1437.2,2504.2],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[1523.5,2448.3,1596.7,2504.2],\"lines\":[{\"bbox\":[1523.5,2448.3,1596.7,2504.2],\"text\":\"13.1\"}],\"order\":37,\"text\":\"13.1\"},{\"bbox\":[1544.5,2520.0,1633.6,2575.2],\"lines\":[{\"bbox\":[1544.5,2520.0,1633.6,2575.2],\"text\":\"0.3 %\"}],\"order\":38,\"text\":\"0.3 %\"},{\"bbox\":[1725.0,2392.1,1791.7,2438.5],\"lines\":[{\"bbox\":[1725.0,2392.1,1791.7,2438.5],\"text\":\"2016\"}],\"order\":39,\"text\":\"2016\"},{\"bbox\":[1650.0,2448.3,1670.8,2504.2],\"lines\":[{\"bbox\":[1650.0,2448.3,1670.8,2504.2],\"text\":\"$\"}],\"order\":40,\"text\":\"$\"},{\"bbox\":[1757.0,2448.3,1830.2,2504.2],\"lines\":[{\"bbox\":[1757.0,2448.3,1830.2,2504.2],\"text\":\"15.0\"}],\"order\":41,\"text\":\"15.0\"},{\"bbox\":[1898.5,2333.4,2084.8,2378.3],\"lines\":[{\"bbox\":[1898.5,2333.4,2084.8,2378.3],\"text\":\"2018 vs. 2017\"}],\"order\":42,\"text\":\"2018 vs. 2017\"},{\"bbox\":[2131.5,2333.4,2317.8,2378.3],\"lines\":[{\"bbox\":[2131.5,2333.4,2317.8,2378.3],\"text\":\"2017 vs. 2016\"}],\"order\":43,\"text\":\"2017 vs. 2016\"},{\"bbox\":[1916.0,2392.1,2067.4,2438.5],\"lines\":[{\"bbox\":[1916.0,2392.1,2067.4,2438.5],\"text\":\"% Change\"}],\"order\":44,\"text\":\"% Change\"},{\"bbox\":[2149.0,2392.1,2300.4,2438.5],\"lines\":[{\"bbox\":[2149.0,2392.1,2300.4,2438.5],\"text\":\"% Change\"}],\"order\":45,\"text\":\"% Change\"},{\"bbox\":[1990.5,2448.3,2100.1,2504.2],\"lines\":[{\"bbox\":[1990.5,2448.3,2100.1,2504.2],\"text\":\"19.8 %\"}],\"order\":46,\"text\":\"19.8 %\"},{\"bbox\":[2195.5,2448.3,2333.6,2504.2],\"lines\":[{\"bbox\":[2195.5,2448.3,2333.6,2504.2],\"text\":\"(12.7 )%\"}],\"order\":47,\"text\":\"(12.7 )%\"},{\"bbox\":[1778.0,2520.0,1867.1,2575.2],\"lines\":[{\"bbox\":[1778.0,2520.0,1867.1,2575.2],\"text\":\"0.4 %\"}],\"order\":48,\"text\":\"0.4 %\"},{\"bbox\":[208.5,2637.8,2334.9,2751.2],\"lines\":[{\"bbox\":[358.5,2637.8,2334.9,2693.7],\"text\":\"The increase in amortization expense of intangibles for the year ended December 31, 2018 was primarily related to the\"},{\"bbox\":[208.5,2695.3,621.3,2751.2],\"text\":\"acquisition of Fagerdala.\"}],\"order\":49,\"text\":\"The increase in amortization expense of intangibles for the year ended December 31, 2018 was primarily related to the\\nacquisition of Fagerdala.\"},{\"bbox\":[208.5,2802.8,2326.2,2916.2],\"lines\":[{\"bbox\":[302.5,2802.8,2326.2,2858.7],\"text\":\"From 2017 to 2016 amortization expenses decreased $2 million, or 13%, primarily related to assets which were separated\"},{\"bbox\":[208.5,2860.3,712.9,2916.2],\"text\":\"as part of the sale of Diversey.\"}],\"order\":50,\"text\":\"From 2017 to 2016 amortization expenses decreased $2 million, or 13%, primarily related to assets which were separated\\nas part of the sale of Diversey.\"},{\"bbox\":[1301.0,3142.3,1342.7,3198.2],\"lines\":[{\"bbox\":[1301.0,3142.3,1342.7,3198.2],\"text\":\"36\"}],\"order\":51,\"text\":\"36\"}],\"doc\":\"fintabnet:SEE_2018\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"As reported, cost of sales increased by $181 million, or 6%, in 2018 as compared to 2017. Cost of sales was impacted by\\nfavorable foreign currency translation of $32 million. On a constant dollar basis, cost of sales increased $213 million, or 7%,\\nprimarily due to higher raw material costs on increased sales volumes, non-material inflation and freight costs and increase\\ncosts due to acquisitions. Cost of sales as a percentage of our net sales was consistent in both years.\\n\\n2017 compared with 2016\\n\\nAs reported, cost of sales increased by $239 million, or 9%, in 2017 as compared to 2016. Cost of sales was impacted by\\nunfavorable foreign currency translation of $23 million. On a constant dollar basis, cost of sales increased $216 million, or 8%,\\nprimarily due to higher raw material costs on increased sales volumes, non-material inflation and freight costs and increase\\ncosts due to acquisitions. Cost of sales as a percentage of net sales increased by 160 basis points, primarily on higher input\\ncosts.\\n\\nSelling, General and Administrative Expenses\\n\\nSelling, general and administrative (“SG&A”) expenses for three years ended December 31, are included in the table\\nbelow.\\n\\nYear Ended December 31,\\n\\n(In millions)\\n\\nSelling, general and administrative expenses\\nAs a % of net sales\\n\\n$\\n\\n2018\\n\\n2017\\n\\n2016\\n\\n782.3 $\\n16.5 %\\n\\n815.6 $\\n18.3 %\\n\\n754.3\\n17.9 %\\n\\n2018 vs. 2017\\n\\n2017 vs. 2016\\n\\n% Change\\n\\n% Change\\n\\n(4.1 )%\\n\\n8.1 %\\n\\n2018 compared with 2017\\n\\nAs reported, SG&A expenses decreased $33 million, or 4%, in 2018 as compared to 2017. SG&A expenses were\\nimpacted by favorable foreign currency translation of $1 million. On a constant dollar basis, SG&A expenses decreased $34\\nmillion, or 4%. This is primarily driven by higher costs in the prior year due to the sale of Diversey.\\n\\n2017 compared with 2016\\n\\nAs reported, SG&A expenses increased $61 million, or 8%, in 2017 as compared to 2016. SG&A expenses were impacted\\nby unfavorable foreign currency translation of $5 million. On a constant dollar basis, SG&A expenses increased $57 million, or\\n8%, primarily related to cost associated with sale of Diversey as well as salary and wage inflation.\\n\\nAmortization Expense of Intangible Assets Acquired\\n\\nAmortization expense of intangible assets acquired for the years ended December 31, were as follows:\\n\\nYear Ended December 31,\\n\\n2018\\n\\n(In millions)\\n\\nAmortization expense of intangible assets acquired\\n\\nAs a % of net sales\\n\\n$\\n\\n15.7\\n\\n0.3 %\\n\\n2017\\n\\n$\\n\\n13.1\\n\\n0.3 %\\n\\n2016\\n\\n$\\n\\n15.0\\n\\n2018 vs. 2017\\n\\n2017 vs. 2016\\n\\n% Change\\n\\n% Change\\n\\n19.8 %\\n\\n(12.7 )%\\n\\n0.4 %\\n\\nThe increase in amortization expense of intangibles for the year ended December 31, 2018 was primarily related to the\\nacquisition of Fagerdala.\\n\\nFrom 2017 to 2016 amortization expenses decreased $2 million, or 13%, primarily related to assets which were separated\\nas part of the sale of Diversey.\\n\\n36\",\"name\":\"fintabnet.SEE_2018_page_39__300dpi_medium\",\"page_id\":\"fintabnet.SEE_2018_page_39\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"SEE_2018_page_39\",\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.626},{\"op\":\"noise\",\"sigma\":7.618},{\"gain\":0.828,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":67}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[221.0,1168.6,2333.6,1387.5],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20],\"cells\":null},{\"bbox\":[221.0,2338.1,2333.6,2571.5],\"block_orders\":[27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48],\"cells\":null}],\"text\":\"As reported, cost of sales increased by $181 million, or 6%, in 2018 as compared to 2017. Cost of sales was impacted by\\nfavorable foreign currency translation of $32 million. On a constant dollar basis, cost of sales increased $213 million, or 7%,\\nprimarily due to higher raw material costs on increased sales volumes, non-material inflation and freight costs and increase\\ncosts due to acquisitions. Cost of sales as a percentage of our net sales was consistent in both years.\\n\\n2017 compared with 2016\\n\\nAs reported, cost of sales increased by $239 million, or 9%, in 2017 as compared to 2016. Cost of sales was impacted by\\nunfavorable foreign currency translation of $23 million. On a constant dollar basis, cost of sales increased $216 million, or 8%,\\nprimarily due to higher raw material costs on increased sales volumes, non-material inflation and freight costs and increase\\ncosts due to acquisitions. Cost of sales as a percentage of net sales increased by 160 basis points, primarily on higher input\\ncosts.\\n\\nSelling, General and Administrative Expenses\\n\\nSelling, general and administrative (“SG&A”) expenses for three years ended December 31, are included in the table\\nbelow.\\n\\nYear Ended December 31,\\n\\n(In millions)\\n\\nSelling, general and administrative expenses\\nAs a % of net sales\\n\\n$\\n\\n2018\\n\\n2017\\n\\n2016\\n\\n782.3 $\\n16.5 %\\n\\n815.6 $\\n18.3 %\\n\\n754.3\\n17.9 %\\n\\n2018 vs. 2017\\n\\n2017 vs. 2016\\n\\n% Change\\n\\n% Change\\n\\n(4.1 )%\\n\\n8.1 %\\n\\n2018 compared with 2017\\n\\nAs reported, SG&A expenses decreased $33 million, or 4%, in 2018 as compared to 2017. SG&A expenses were\\nimpacted by favorable foreign currency translation of $1 million. On a constant dollar basis, SG&A expenses decreased $34\\nmillion, or 4%. This is primarily driven by higher costs in the prior year due to the sale of Diversey.\\n\\n2017 compared with 2016\\n\\nAs reported, SG&A expenses increased $61 million, or 8%, in 2017 as compared to 2016. SG&A expenses were impacted\\nby unfavorable foreign currency translation of $5 million. On a constant dollar basis, SG&A expenses increased $57 million, or\\n8%, primarily related to cost associated with sale of Diversey as well as salary and wage inflation.\\n\\nAmortization Expense of Intangible Assets Acquired\\n\\nAmortization expense of intangible assets acquired for the years ended December 31, were as follows:\\n\\nYear Ended December 31,\\n\\n2018\\n\\n(In millions)\\n\\nAmortization expense of intangible assets acquired\\n\\nAs a % of net sales\\n\\n$\\n\\n15.7\\n\\n0.3 %\\n\\n2017\\n\\n$\\n\\n13.1\\n\\n0.3 %\\n\\n2016\\n\\n$\\n\\n15.0\\n\\n2018 vs. 2017\\n\\n2017 vs. 2016\\n\\n% Change\\n\\n% Change\\n\\n19.8 %\\n\\n(12.7 )%\\n\\n0.4 %\\n\\nThe increase in amortization expense of intangibles for the year ended December 31, 2018 was primarily related to the\\nacquisition of Fagerdala.\\n\\nFrom 2017 to 2016 amortization expenses decreased $2 million, or 13%, primarily related to assets which were separated\\nas part of the sale of Diversey.\\n\\n36\"},\"name\":\"fintabnet.SEE_2018_page_39__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":593448,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:SEE_2018\",\"dpi\":300,\"gt_sha256\":\"9d5fdeabc69c3642d70caf8f13b9dfd47d3ff3895b6596b4e7eced51267034c6\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SEE_2018_page_39__300dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.SEE_2018_page_39\",\"pdf_sha256\":\"30ee5c6f8262fe957022316144edeeae3c9dd151d6a85c3517ad4cea58dbf117\",\"px\":[2550,3300],\"scan\":{\"render\":\"00007ffc38007ffc3e00006070da3f787fe07ffe3f0000fe3ed0380000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"SEE_2018_page_39\",\"src\":{\"file_sha256\":\"c7e91f1070dc022a965ff8180126e90546d63e336393b2c1dace70540ffd7f3c\",\"render\":\"00007ffc3e0c7ffc3e0000e070fe3ff83e207ffe3f0000fe3ed0300000000000\",\"text\":\"94ed8c303b3d1588d3ed93d1554db9f689f5a4d725ab4989068f8af22af1b172\"},\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.626},{\"op\":\"noise\",\"sigma\":7.618},{\"gain\":0.828,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":67}],\"tools\":\"21647cade0ee\"},\"sha256\":\"30ee5c6f8262fe957022316144edeeae3c9dd151d6a85c3517ad4cea58dbf117\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/30ee5c6f8262fe957022316144edeeae3c9dd151d6a85c3517ad4cea58dbf117.pdf","asset_sha256":"30ee5c6f8262fe957022316144edeeae3c9dd151d6a85c3517ad4cea58dbf117","document_id":"fintabnet:SEE_2018","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SEE_2018_page_39\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SIVB_2001_page_19\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SIVB_2001\",\"ground_truth\":{\"blocks\":[{\"bbox\":[64.5,44.5,1127.0,84.5],\"lines\":[{\"bbox\":[64.5,44.5,1127.0,84.5],\"text\":\"fully taxable-equivalent basis using the federal income tax rate of 35% in 2001, 2000 and 1999.\"}],\"order\":0,\"text\":\"fully taxable-equivalent basis using the federal income tax rate of 35% in 2001, 2000 and 1999.\"},{\"bbox\":[761.2,123.5,974.5,191.5],\"lines\":[{\"bbox\":[761.9,123.5,974.5,145.1],\"text\":\"2001 Compared to 2000\"},{\"bbox\":[780.2,147.1,955.7,168.2],\"text\":\"Increase (Decrease)\"},{\"bbox\":[785.9,170.2,949.6,191.1],\"text\":\"Due to Changes 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in\"},{\"bbox\":[1017.4,230.2,1065.1,249.4],\"lines\":[{\"bbox\":[1017.4,230.2,1065.1,249.4],\"text\":\"Total\"}],\"order\":5,\"text\":\"Total\"},{\"bbox\":[1181.1,232.5,1250.8,252.1],\"lines\":[{\"bbox\":[1181.1,232.5,1250.8,252.1],\"text\":\"Volume\"}],\"order\":6,\"text\":\"Volume\"},{\"bbox\":[1369.7,235.2,1411.5,254.4],\"lines\":[{\"bbox\":[1369.7,235.2,1411.5,254.4],\"text\":\"Rate\"}],\"order\":7,\"text\":\"Rate\"},{\"bbox\":[1549.4,237.7,1597.0,257.0],\"lines\":[{\"bbox\":[1549.4,237.7,1597.0,257.0],\"text\":\"Total\"}],\"order\":8,\"text\":\"Total\"},{\"bbox\":[1036.9,287.1,1235.1,308.5],\"lines\":[{\"bbox\":[1036.9,287.1,1235.1,308.5],\"text\":\"(Dollars in thousands)\"}],\"order\":9,\"text\":\"(Dollars in thousands)\"},{\"bbox\":[58.5,334.5,575.9,502.0],\"lines\":[{\"bbox\":[60.4,334.5,240.4,362.0],\"text\":\"Interest income:\"},{\"bbox\":[91.6,366.0,575.4,397.7],\"text\":\"Federal funds sold and securities purchased\"},{\"bbox\":[91.2,396.6,372.9,425.5],\"text\":\"under agreement to resell\"},{\"bbox\":[90.7,433.6,326.1,461.8],\"text\":\"Investment securities\"},{\"bbox\":[90.2,470.3,158.2,496.1],\"text\":\"Loans\"}],\"order\":10,\"text\":\"Interest income:\\nFederal funds sold and securities purchased\\nunder agreement to resell\\nInvestment securities\\nLoans\"},{\"bbox\":[674.4,404.9,807.0,505.3],\"lines\":[{\"bbox\":[675.5,404.9,807.0,431.7],\"text\":\"(42,832 ) $\"},{\"bbox\":[689.0,442.1,770.2,468.1],\"text\":\"(6,304 )\"},{\"bbox\":[697.4,478.9,759.9,504.7],\"text\":\"8,927\"}],\"order\":11,\"text\":\"(42,832 ) $\\n(6,304 )\\n8,927\"},{\"bbox\":[849.1,407.4,981.3,507.8],\"lines\":[{\"bbox\":[850.1,407.4,981.3,434.1],\"text\":\"(15,219 ) $\"},{\"bbox\":[849.6,444.4,944.8,470.6],\"text\":\"(15,807 )\"},{\"bbox\":[849.1,481.0,944.3,507.3],\"text\":\"(13,130 )\"}],\"order\":12,\"text\":\"(15,219 ) $\\n(15,807 )\\n(13,130 )\"},{\"bbox\":[1023.7,409.9,1155.9,510.3],\"lines\":[{\"bbox\":[1024.8,409.9,1155.9,436.6],\"text\":\"(58,051 ) 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income\"},{\"bbox\":[673.5,542.9,768.7,569.1],\"lines\":[{\"bbox\":[673.5,542.9,768.7,569.1],\"text\":\"(40,209 )\"}],\"order\":17,\"text\":\"(40,209 )\"},{\"bbox\":[848.2,545.4,943.4,571.6],\"lines\":[{\"bbox\":[848.2,545.4,943.4,571.6],\"text\":\"(44,156 )\"}],\"order\":18,\"text\":\"(44,156 )\"},{\"bbox\":[1022.8,547.8,1118.0,574.1],\"lines\":[{\"bbox\":[1022.8,547.8,1118.0,574.1],\"text\":\"(84,365 )\"}],\"order\":19,\"text\":\"(84,365 )\"},{\"bbox\":[1206.5,550.4,1283.0,576.4],\"lines\":[{\"bbox\":[1206.5,550.4,1283.0,576.4],\"text\":\"62,625\"}],\"order\":20,\"text\":\"62,625\"},{\"bbox\":[1381.1,552.9,1457.6,578.9],\"lines\":[{\"bbox\":[1381.1,552.9,1457.6,578.9],\"text\":\"43,051\"}],\"order\":21,\"text\":\"43,051\"},{\"bbox\":[1557.8,555.4,1648.3,581.6],\"lines\":[{\"bbox\":[1557.8,555.4,1648.3,581.6],\"text\":\"105,676\"}],\"order\":22,\"text\":\"105,676\"},{\"bbox\":[53.5,598.1,441.1,850.1],\"lines\":[{\"bbox\":[56.7,598.1,244.4,625.7],\"text\":\"Interest expense:\"},{\"bbox\":[87.8,635.6,252.2,662.8],\"text\":\"NOW deposits\"},{\"bbox\":[87.3,672.6,440.0,702.5],\"text\":\"Regular money market deposits\"},{\"bbox\":[86.8,709.3,422.5,738.9],\"text\":\"Bonus money market deposits\"},{\"bbox\":[86.3,746.3,243.0,773.4],\"text\":\"Time deposits\"},{\"bbox\":[85.7,783.2,339.5,811.7],\"text\":\"Short-term borrowings\"},{\"bbox\":[85.2,820.2,264.9,847.7],\"text\":\"Long-term Debt\"}],\"order\":23,\"text\":\"Interest expense:\\nNOW deposits\\nRegular money market deposits\\nBonus money market deposits\\nTime deposits\\nShort-term borrowings\\nLong-term Debt\"},{\"bbox\":[683.5,644.1,767.3,854.8],\"lines\":[{\"bbox\":[706.8,644.4,767.3,670.1],\"text\":\"(163 )\"},{\"bbox\":[685.6,681.1,766.8,707.1],\"text\":\"(1,778 )\"},{\"bbox\":[685.0,717.7,766.3,743.8],\"text\":\"(8,459 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)\"},{\"bbox\":[1426.3,802.2,1454.2,827.5],\"text\":\"—\"},{\"bbox\":[1425.7,839.2,1453.7,864.5],\"text\":\"—\"}],\"order\":28,\"text\":\"(203 )\\n(2,365 )\\n(17,344 )\\n(17 )\\n—\\n—\"},{\"bbox\":[1558.4,656.5,1656.2,867.4],\"lines\":[{\"bbox\":[1605.0,657.1,1646.8,682.6],\"text\":\"150\"},{\"bbox\":[1574.5,693.7,1655.7,719.7],\"text\":\"(1,681 )\"},{\"bbox\":[1560.0,730.1,1655.2,756.4],\"text\":\"(33,393 )\"},{\"bbox\":[1568.8,767.3,1645.3,793.2],\"text\":\"15,406\"},{\"bbox\":[1616.9,804.9,1644.9,830.2],\"text\":\"—\"},{\"bbox\":[1616.4,841.9,1644.3,867.2],\"text\":\"—\"}],\"order\":29,\"text\":\"150\\n(1,681 )\\n(33,393 )\\n15,406\\n—\\n—\"},{\"bbox\":[52.6,883.8,484.5,914.8],\"lines\":[{\"bbox\":[52.6,883.8,484.5,914.8],\"text\":\"(Decrease) increase in interest expense\"}],\"order\":30,\"text\":\"(Decrease) increase in interest expense\"},{\"bbox\":[682.6,892.7,763.8,918.8],\"lines\":[{\"bbox\":[682.6,892.7,763.8,918.8],\"text\":\"(2,535 )\"}],\"order\":31,\"text\":\"(2,535 )\"},{\"bbox\":[843.2,895.0,938.4,921.2],\"lines\":[{\"bbox\":[843.2,895.0,938.4,921.2],\"text\":\"(17,036 )\"}],\"order\":32,\"text\":\"(17,036 )\"},{\"bbox\":[1017.9,897.5,1113.1,923.7],\"lines\":[{\"bbox\":[1017.9,897.5,1113.1,923.7],\"text\":\"(19,571 )\"}],\"order\":33,\"text\":\"(19,571 )\"},{\"bbox\":[1236.2,900.6,1278.0,926.0],\"lines\":[{\"bbox\":[1236.2,900.6,1278.0,926.0],\"text\":\"411\"}],\"order\":34,\"text\":\"411\"},{\"bbox\":[1366.8,902.4,1462.0,928.7],\"lines\":[{\"bbox\":[1366.8,902.4,1462.0,928.7],\"text\":\"(19,929 )\"}],\"order\":35,\"text\":\"(19,929 )\"},{\"bbox\":[1557.5,905.1,1652.7,931.4],\"lines\":[{\"bbox\":[1557.5,905.1,1652.7,931.4],\"text\":\"(19,518 )\"}],\"order\":36,\"text\":\"(19,518 )\"},{\"bbox\":[667.7,956.5,799.1,983.3],\"lines\":[{\"bbox\":[667.7,956.5,799.1,983.3],\"text\":\"(37,674 ) $\"}],\"order\":37,\"text\":\"(37,674 ) $\"},{\"bbox\":[842.3,959.0,973.5,985.7],\"lines\":[{\"bbox\":[842.3,959.0,973.5,985.7],\"text\":\"(27,120 ) $\"}],\"order\":38,\"text\":\"(27,120 ) $\"},{\"bbox\":[1017.0,961.5,1148.1,988.2],\"lines\":[{\"bbox\":[1017.0,961.5,1148.1,988.2],\"text\":\"(64,794 ) $\"}],\"order\":39,\"text\":\"(64,794 ) $\"},{\"bbox\":[1200.6,964.1,1277.1,990.0],\"lines\":[{\"bbox\":[1200.6,964.1,1277.1,990.0],\"text\":\"62,214\"}],\"order\":40,\"text\":\"62,214\"},{\"bbox\":[51.7,947.8,517.0,979.3],\"lines\":[{\"bbox\":[51.7,947.8,517.0,979.3],\"text\":\"(Decrease) increase in net interest income\"}],\"order\":41,\"text\":\"(Decrease) increase in net interest income\"},{\"bbox\":[618.2,404.1,632.3,429.2],\"lines\":[{\"bbox\":[618.2,404.1,632.3,429.2],\"text\":\"$\"}],\"order\":42,\"text\":\"$\"},{\"bbox\":[610.3,955.7,624.5,980.8],\"lines\":[{\"bbox\":[610.3,955.7,624.5,980.8],\"text\":\"$\"}],\"order\":43,\"text\":\"$\"},{\"bbox\":[1308.6,965.6,1322.8,990.7],\"lines\":[{\"bbox\":[1308.6,965.6,1322.8,990.7],\"text\":\"$\"}],\"order\":44,\"text\":\"$\"},{\"bbox\":[1375.3,966.5,1451.7,992.5],\"lines\":[{\"bbox\":[1375.3,966.5,1451.7,992.5],\"text\":\"62,980\"}],\"order\":45,\"text\":\"62,980\"},{\"bbox\":[1491.1,416.5,1505.2,441.6],\"lines\":[{\"bbox\":[1491.1,416.5,1505.2,441.6],\"text\":\"$\"}],\"order\":46,\"text\":\"$\"},{\"bbox\":[1483.2,968.1,1497.4,993.2],\"lines\":[{\"bbox\":[1483.2,968.1,1497.4,993.2],\"text\":\"$\"}],\"order\":47,\"text\":\"$\"},{\"bbox\":[1572.7,417.6,1650.2,517.3],\"lines\":[{\"bbox\":[1573.7,417.6,1650.2,443.6],\"text\":\"52,268\"},{\"bbox\":[1573.2,454.6,1649.7,480.6],\"text\":\"27,319\"},{\"bbox\":[1572.7,491.3,1649.2,517.3],\"text\":\"26,089\"}],\"order\":48,\"text\":\"52,268\\n27,319\\n26,089\"},{\"bbox\":[1551.9,969.0,1642.4,995.2],\"lines\":[{\"bbox\":[1551.9,969.0,1642.4,995.2],\"text\":\"125,194\"}],\"order\":49,\"text\":\"125,194\"},{\"bbox\":[48.0,1055.8,1640.9,1256.9],\"lines\":[{\"bbox\":[105.5,1056.6,1609.7,1102.8],\"text\":\"Net interest income, on a fully taxable-equivalent basis, totaled $268.8 million in 2001, a decrease of $64.8 million, or 19.4%, from the\"},{\"bbox\":[49.8,1086.4,1640.4,1133.9],\"text\":\"$333.6 million in 2000. The decrease in net interest income was attributable to an $84.4 million, or 21.6%, decline in interest income, offset by\"},{\"bbox\":[49.3,1117.1,1535.1,1163.0],\"text\":\"a $19.6 million, or 34.4%, decrease in interest expense over the comparable prior-year period. Net interest income, on a fully taxable-\"},{\"bbox\":[48.9,1148.1,1600.3,1195.0],\"text\":\"equivalent basis, totaled $333.6 million in 2000, an increase of $125.2 million, or 60.1%, compared to the $208.4 million total in 1999. The\"},{\"bbox\":[48.5,1178.8,1607.5,1225.7],\"text\":\"increase in net interest income was attributable to a $105.7 million, or 37.1%, increase in interest income, combined with a $19.5 million, or\"},{\"bbox\":[48.0,1209.4,877.2,1246.1],\"text\":\"25.5%, decrease in interest expense over the comparable prior year period.\"}],\"order\":50,\"text\":\"Net interest income, on a fully taxable-equivalent basis, totaled $268.8 million in 2001, a decrease of $64.8 million, or 19.4%, from the\\n$333.6 million in 2000. The decrease in net interest income was attributable to an $84.4 million, or 21.6%, decline in interest income, offset by\\na $19.6 million, or 34.4%, decrease in interest expense over the comparable prior-year period. Net interest income, on a fully taxable-\\nequivalent basis, totaled $333.6 million in 2000, an increase of $125.2 million, or 60.1%, compared to the $208.4 million total in 1999. The\\nincrease in net interest income was attributable to a $105.7 million, or 37.1%, increase in interest income, combined with a $19.5 million, or\\n25.5%, decrease in interest expense over the comparable prior year period.\"},{\"bbox\":[44.8,1279.7,1620.1,1480.9],\"lines\":[{\"bbox\":[102.3,1280.5,1559.8,1326.1],\"text\":\"The $84.4 million decrease in interest income for 2001, as compared to 2000, was the result of a $40.2 million unfavorable volume\"},{\"bbox\":[46.6,1310.7,1519.3,1356.5],\"text\":\"variance, combined with a $44.2 million unfavorable rate variance. The $40.2 million unfavorable volume variance resulted from an\"},{\"bbox\":[46.1,1341.4,1619.2,1388.6],\"text\":\"$839.3 million, or 17.4%, decrease in average interest-earning assets over the comparable prior-year period. The decrease in average interest-\"},{\"bbox\":[45.7,1372.1,1616.5,1419.2],\"text\":\"earning assets resulted primarily from lower investable funds as the result of a decline in our client deposits, which decreased $990.7 million,\"},{\"bbox\":[45.3,1402.7,1610.4,1449.8],\"text\":\"or 21.7%, from 2000 to 2001. The decrease in average interest-earning assets was primarily concentrated in highly liquid, federal funds sold,\"},{\"bbox\":[44.8,1433.7,980.7,1471.9],\"text\":\"and securities purchased under agreement to resell, which decreased $801.0 million.\"}],\"order\":51,\"text\":\"The $84.4 million decrease in interest income for 2001, as compared to 2000, was the result of a $40.2 million unfavorable volume\\nvariance, combined with a $44.2 million unfavorable rate variance. The $40.2 million unfavorable volume variance resulted from an\\n$839.3 million, or 17.4%, decrease in average interest-earning assets over the comparable prior-year period. The decrease in average interest-\\nearning assets resulted primarily from lower investable funds as the result of a decline in our client deposits, which decreased $990.7 million,\\nor 21.7%, from 2000 to 2001. The decrease in average interest-earning assets was primarily concentrated in highly liquid, federal funds sold,\\nand securities purchased under agreement to resell, which decreased $801.0 million.\"},{\"bbox\":[43.0,1504.1,1591.2,1612.2],\"lines\":[{\"bbox\":[99.2,1504.8,1590.6,1550.9],\"text\":\"Average loans increased $76.8 million, or 4.9%, in 2001 as compared to 2000, resulting in an $8.9 million favorable volume variance.\"},{\"bbox\":[43.4,1534.7,1590.7,1581.5],\"text\":\"Although we continued to add high-quality loans to our portfolio throughout 2001, the current slowdown in our clients' capital markets and\"},{\"bbox\":[43.0,1565.4,1177.1,1606.4],\"text\":\"venture capital funding reduced those opportunities and impeded our ability to increase loan balances.\"}],\"order\":52,\"text\":\"Average loans increased $76.8 million, or 4.9%, in 2001 as compared to 2000, resulting in an $8.9 million favorable volume variance.\\nAlthough we continued to add high-quality loans to our portfolio throughout 2001, the current slowdown in our clients' capital markets and\\nventure capital funding reduced those opportunities and impeded our ability to increase loan balances.\"},{\"bbox\":[827.9,1646.9,855.7,1672.1],\"lines\":[{\"bbox\":[827.9,1646.9,855.7,1672.1],\"text\":\"21\"}],\"order\":53,\"text\":\"21\"},{\"bbox\":[39.1,1779.0,1584.9,1887.5],\"lines\":[{\"bbox\":[95.3,1779.8,1576.7,1825.7],\"text\":\"Average investment securities for 2001 decreased $115.1 million, or 6.0%, compared to 2000, resulting in a $6.3 million unfavorable\"},{\"bbox\":[39.5,1810.0,1584.5,1856.8],\"text\":\"volume variance. The decrease in investment securities was primarily centered in U.S. agency securities and resulted from a corresponding\"},{\"bbox\":[39.1,1840.7,337.0,1869.8],\"text\":\"decrease in client deposits.\"}],\"order\":54,\"text\":\"Average investment securities for 2001 decreased $115.1 million, or 6.0%, compared to 2000, resulting in a $6.3 million unfavorable\\nvolume variance. The decrease in investment securities was primarily centered in U.S. agency securities and resulted from a corresponding\\ndecrease in client deposits.\"},{\"bbox\":[37.2,1911.0,1597.2,2019.3],\"lines\":[{\"bbox\":[93.4,1911.8,1597.2,1958.0],\"text\":\"Average federal funds sold and securities purchased under agreement to resell in 2001 decreased a combined $801.0 million, or 61.1%,\"},{\"bbox\":[37.6,1941.7,1562.0,1988.2],\"text\":\"over the prior year, resulting in a $42.8 million unfavorable volume variance. This decrease was a result of the aforementioned decline in\"},{\"bbox\":[37.2,1972.3,904.7,2009.5],\"text\":\"investable funds related to the decline in our clients' average deposit balances.\"}],\"order\":55,\"text\":\"Average federal funds sold and securities purchased under agreement to resell in 2001 decreased a combined $801.0 million, or 61.1%,\\nover the prior year, resulting in a $42.8 million unfavorable volume variance. This decrease was a result of the aforementioned decline in\\ninvestable funds related to the decline in our clients' average deposit balances.\"},{\"bbox\":[35.3,2042.7,1585.2,2151.2],\"lines\":[{\"bbox\":[91.5,2043.5,1499.5,2088.3],\"text\":\"Unfavorable rate variances associated with each component of interest-earning assets combined to decrease interest income by\"},{\"bbox\":[35.8,2073.7,1584.8,2120.5],\"text\":\"$44.2 million in 2001, as compared to the prior year. Short-term market interest rates decreased during the past year. As a result, we earned\"},{\"bbox\":[35.3,2104.3,1581.2,2151.1],\"text\":\"lower yields during 2001 on federal funds sold, securities purchased under agreements to resell, and our investment securities, a significant\"}],\"order\":56,\"text\":\"Unfavorable rate variances associated with each component of interest-earning assets combined to decrease interest income by\\n$44.2 million in 2001, as compared to the prior year. Short-term market interest rates decreased during the past year. As a result, we earned\\nlower yields during 2001 on federal funds sold, securities purchased under agreements to resell, and our investment securities, a significant\"}],\"doc\":\"fintabnet:SIVB_2001\",\"dpi\":200,\"image_px\":[1700,2200],\"layout\":[],\"markdown\":\"fully taxable-equivalent basis using the federal income tax rate of 35% in 2001, 2000 and 1999.\\n\\n2001 Compared to 2000\\nIncrease (Decrease)\\nDue to Changes in\\n\\nVolume\\n\\nRate\\n\\n2000 Compared to 1999\\nIncrease (Decrease)\\nDue to Changes in\\n\\nTotal\\n\\nVolume\\n\\nRate\\n\\nTotal\\n\\n(Dollars in thousands)\\n\\nInterest income:\\nFederal funds sold and securities purchased\\nunder agreement to resell\\nInvestment securities\\nLoans\\n\\n(42,832 ) $\\n(6,304 )\\n8,927\\n\\n(15,219 ) $\\n(15,807 )\\n(13,130 )\\n\\n(58,051 ) $\\n(22,111 )\\n(4,203 )\\n\\n42,369 $\\n21,437\\n(1,181 )\\n\\n9,899\\n5,882\\n27,270\\n\\n(Decrease) increase in interest income\\n\\n(40,209 )\\n\\n(44,156 )\\n\\n(84,365 )\\n\\n62,625\\n\\n43,051\\n\\n105,676\\n\\nInterest expense:\\nNOW deposits\\nRegular money market deposits\\nBonus money market deposits\\nTime deposits\\nShort-term borrowings\\nLong-term Debt\\n\\n(163 )\\n(1,778 )\\n(8,459 )\\n7,390\\n265\\n210\\n\\n(226 )\\n(2,277 )\\n(8,078 )\\n(6,455 )\\n—\\n—\\n\\n(389 )\\n(4,055 )\\n(16,537 )\\n935\\n265\\n210\\n\\n353\\n684\\n(16,049 )\\n15,423\\n—\\n—\\n\\n(203 )\\n(2,365 )\\n(17,344 )\\n(17 )\\n—\\n—\\n\\n150\\n(1,681 )\\n(33,393 )\\n15,406\\n—\\n—\\n\\n(Decrease) increase in interest expense\\n\\n(2,535 )\\n\\n(17,036 )\\n\\n(19,571 )\\n\\n411\\n\\n(19,929 )\\n\\n(19,518 )\\n\\n(37,674 ) $\\n\\n(27,120 ) $\\n\\n(64,794 ) $\\n\\n62,214\\n\\n(Decrease) increase in net interest income\\n\\n$\\n\\n$\\n\\n$\\n\\n62,980\\n\\n$\\n\\n$\\n\\n52,268\\n27,319\\n26,089\\n\\n125,194\\n\\nNet interest income, on a fully taxable-equivalent basis, totaled $268.8 million in 2001, a decrease of $64.8 million, or 19.4%, from the\\n$333.6 million in 2000. The decrease in net interest income was attributable to an $84.4 million, or 21.6%, decline in interest income, offset by\\na $19.6 million, or 34.4%, decrease in interest expense over the comparable prior-year period. Net interest income, on a fully taxable-\\nequivalent basis, totaled $333.6 million in 2000, an increase of $125.2 million, or 60.1%, compared to the $208.4 million total in 1999. The\\nincrease in net interest income was attributable to a $105.7 million, or 37.1%, increase in interest income, combined with a $19.5 million, or\\n25.5%, decrease in interest expense over the comparable prior year period.\\n\\nThe $84.4 million decrease in interest income for 2001, as compared to 2000, was the result of a $40.2 million unfavorable volume\\nvariance, combined with a $44.2 million unfavorable rate variance. The $40.2 million unfavorable volume variance resulted from an\\n$839.3 million, or 17.4%, decrease in average interest-earning assets over the comparable prior-year period. The decrease in average interest-\\nearning assets resulted primarily from lower investable funds as the result of a decline in our client deposits, which decreased $990.7 million,\\nor 21.7%, from 2000 to 2001. The decrease in average interest-earning assets was primarily concentrated in highly liquid, federal funds sold,\\nand securities purchased under agreement to resell, which decreased $801.0 million.\\n\\nAverage loans increased $76.8 million, or 4.9%, in 2001 as compared to 2000, resulting in an $8.9 million favorable volume variance.\\nAlthough we continued to add high-quality loans to our portfolio throughout 2001, the current slowdown in our clients' capital markets and\\nventure capital funding reduced those opportunities and impeded our ability to increase loan balances.\\n\\n21\\n\\nAverage investment securities for 2001 decreased $115.1 million, or 6.0%, compared to 2000, resulting in a $6.3 million unfavorable\\nvolume variance. The decrease in investment securities was primarily centered in U.S. agency securities and resulted from a corresponding\\ndecrease in client deposits.\\n\\nAverage federal funds sold and securities purchased under agreement to resell in 2001 decreased a combined $801.0 million, or 61.1%,\\nover the prior year, resulting in a $42.8 million unfavorable volume variance. This decrease was a result of the aforementioned decline in\\ninvestable funds related to the decline in our clients' average deposit balances.\\n\\nUnfavorable rate variances associated with each component of interest-earning assets combined to decrease interest income by\\n$44.2 million in 2001, as compared to the prior year. Short-term market interest rates decreased during the past year. As a result, we earned\\nlower yields during 2001 on federal funds sold, securities purchased under agreements to resell, and our investment securities, a significant\",\"name\":\"fintabnet.SIVB_2001_page_19__200dpi_mild\",\"page_id\":\"fintabnet.SIVB_2001_page_19\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.812,\"source\":\"fintabnet\",\"source_id\":\"SIVB_2001_page_19\",\"stack\":[{\"deg\":-0.812,\"op\":\"skew\"},{\"amp\":0.05,\"angle\":49.1,\"blob\":0.522,\"op\":\"illumination\"},{\"gain\":0.875,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":76}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[51.7,106.2,1663.7,997.1],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49],\"cells\":null}],\"text\":\"fully taxable-equivalent basis using the federal income tax rate of 35% in 2001, 2000 and 1999.\\n\\n2001 Compared to 2000\\nIncrease (Decrease)\\nDue to Changes in\\n\\nVolume\\n\\nRate\\n\\n2000 Compared to 1999\\nIncrease (Decrease)\\nDue to Changes in\\n\\nTotal\\n\\nVolume\\n\\nRate\\n\\nTotal\\n\\n(Dollars in thousands)\\n\\nInterest income:\\nFederal funds sold and securities purchased\\nunder agreement to resell\\nInvestment securities\\nLoans\\n\\n(42,832 ) $\\n(6,304 )\\n8,927\\n\\n(15,219 ) $\\n(15,807 )\\n(13,130 )\\n\\n(58,051 ) $\\n(22,111 )\\n(4,203 )\\n\\n42,369 $\\n21,437\\n(1,181 )\\n\\n9,899\\n5,882\\n27,270\\n\\n(Decrease) increase in interest income\\n\\n(40,209 )\\n\\n(44,156 )\\n\\n(84,365 )\\n\\n62,625\\n\\n43,051\\n\\n105,676\\n\\nInterest expense:\\nNOW deposits\\nRegular money market deposits\\nBonus money market deposits\\nTime deposits\\nShort-term borrowings\\nLong-term Debt\\n\\n(163 )\\n(1,778 )\\n(8,459 )\\n7,390\\n265\\n210\\n\\n(226 )\\n(2,277 )\\n(8,078 )\\n(6,455 )\\n—\\n—\\n\\n(389 )\\n(4,055 )\\n(16,537 )\\n935\\n265\\n210\\n\\n353\\n684\\n(16,049 )\\n15,423\\n—\\n—\\n\\n(203 )\\n(2,365 )\\n(17,344 )\\n(17 )\\n—\\n—\\n\\n150\\n(1,681 )\\n(33,393 )\\n15,406\\n—\\n—\\n\\n(Decrease) increase in interest expense\\n\\n(2,535 )\\n\\n(17,036 )\\n\\n(19,571 )\\n\\n411\\n\\n(19,929 )\\n\\n(19,518 )\\n\\n(37,674 ) $\\n\\n(27,120 ) $\\n\\n(64,794 ) $\\n\\n62,214\\n\\n(Decrease) increase in net interest income\\n\\n$\\n\\n$\\n\\n$\\n\\n62,980\\n\\n$\\n\\n$\\n\\n52,268\\n27,319\\n26,089\\n\\n125,194\\n\\nNet interest income, on a fully taxable-equivalent basis, totaled $268.8 million in 2001, a decrease of $64.8 million, or 19.4%, from the\\n$333.6 million in 2000. The decrease in net interest income was attributable to an $84.4 million, or 21.6%, decline in interest income, offset by\\na $19.6 million, or 34.4%, decrease in interest expense over the comparable prior-year period. Net interest income, on a fully taxable-\\nequivalent basis, totaled $333.6 million in 2000, an increase of $125.2 million, or 60.1%, compared to the $208.4 million total in 1999. The\\nincrease in net interest income was attributable to a $105.7 million, or 37.1%, increase in interest income, combined with a $19.5 million, or\\n25.5%, decrease in interest expense over the comparable prior year period.\\n\\nThe $84.4 million decrease in interest income for 2001, as compared to 2000, was the result of a $40.2 million unfavorable volume\\nvariance, combined with a $44.2 million unfavorable rate variance. The $40.2 million unfavorable volume variance resulted from an\\n$839.3 million, or 17.4%, decrease in average interest-earning assets over the comparable prior-year period. The decrease in average interest-\\nearning assets resulted primarily from lower investable funds as the result of a decline in our client deposits, which decreased $990.7 million,\\nor 21.7%, from 2000 to 2001. The decrease in average interest-earning assets was primarily concentrated in highly liquid, federal funds sold,\\nand securities purchased under agreement to resell, which decreased $801.0 million.\\n\\nAverage loans increased $76.8 million, or 4.9%, in 2001 as compared to 2000, resulting in an $8.9 million favorable volume variance.\\nAlthough we continued to add high-quality loans to our portfolio throughout 2001, the current slowdown in our clients' capital markets and\\nventure capital funding reduced those opportunities and impeded our ability to increase loan balances.\\n\\n21\\n\\nAverage investment securities for 2001 decreased $115.1 million, or 6.0%, compared to 2000, resulting in a $6.3 million unfavorable\\nvolume variance. The decrease in investment securities was primarily centered in U.S. agency securities and resulted from a corresponding\\ndecrease in client deposits.\\n\\nAverage federal funds sold and securities purchased under agreement to resell in 2001 decreased a combined $801.0 million, or 61.1%,\\nover the prior year, resulting in a $42.8 million unfavorable volume variance. This decrease was a result of the aforementioned decline in\\ninvestable funds related to the decline in our clients' average deposit balances.\\n\\nUnfavorable rate variances associated with each component of interest-earning assets combined to decrease interest income by\\n$44.2 million in 2001, as compared to the prior year. Short-term market interest rates decreased during the past year. As a result, we earned\\nlower yields during 2001 on federal funds sold, securities purchased under agreements to resell, and our investment securities, a significant\"},\"name\":\"fintabnet.SIVB_2001_page_19__200dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":489278,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:SIVB_2001\",\"dpi\":200,\"gt_sha256\":\"c8e4d988bd765c8a93ecbb526418afb010afde00fedf5cc1954d81d2503e253d\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SIVB_2001_page_19__200dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.SIVB_2001_page_19\",\"pdf_sha256\":\"058aeaa8c4b29437525e40a7cfe58aec5c6214bae9cd799ed74be6b648b607e5\",\"px\":[1700,2200],\"scan\":{\"render\":\"0000008c400062f562b772b562160056fffe7ffc7fde7fe20000601e7fbc7ffe\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"SIVB_2001_page_19\",\"src\":{\"file_sha256\":\"8a2476689522f4c3d0b08130e446bc3cea86a3fe8fc5e52967d308f196258a0b\",\"render\":\"00000080400063f763f672f742a403fefffe7ffc7fc07fe0000060027f847ffe\",\"text\":\"6807cc13fd7b0370c56aa4ead68a3efb1c9db79a7f34ba69f578dc11d5116eba\"},\"stack\":[{\"deg\":-0.812,\"op\":\"skew\"},{\"amp\":0.05,\"angle\":49.1,\"blob\":0.522,\"op\":\"illumination\"},{\"gain\":0.875,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":76}],\"tools\":\"21647cade0ee\"},\"sha256\":\"058aeaa8c4b29437525e40a7cfe58aec5c6214bae9cd799ed74be6b648b607e5\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/058aeaa8c4b29437525e40a7cfe58aec5c6214bae9cd799ed74be6b648b607e5.pdf","asset_sha256":"058aeaa8c4b29437525e40a7cfe58aec5c6214bae9cd799ed74be6b648b607e5","document_id":"fintabnet:SIVB_2001","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SIVB_2001_page_19\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SIVB_2001_page_54\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SIVB_2001\",\"ground_truth\":{\"blocks\":[{\"bbox\":[311.7,20.1,321.8,29.3],\"lines\":[{\"bbox\":[311.7,20.1,321.8,29.3],\"text\":\"63\"}],\"order\":0,\"text\":\"63\"},{\"bbox\":[27.3,63.5,269.5,79.6],\"lines\":[{\"bbox\":[27.3,63.5,269.5,79.6],\"text\":\"7. Loans and the Allowance for Loan Losses (Continued)\"}],\"order\":1,\"text\":\"7. Loans and the Allowance for Loan Losses (Continued)\"},{\"bbox\":[26.0,88.7,572.8,135.7],\"lines\":[{\"bbox\":[46.5,89.3,566.4,113.4],\"text\":\"The Company's loan classifications for financial reporting purposes differ from those for regulatory reporting purposes. Loans are\"},{\"bbox\":[26.3,99.7,572.5,124.7],\"text\":\"classified for financial reporting purposes based upon the purpose and primary source of repayment of the loans. Loans are classified for\"},{\"bbox\":[26.0,110.8,354.2,129.3],\"text\":\"regulatory reporting purposes based upon the type of collateral securing the loans.\"}],\"order\":2,\"text\":\"The Company's loan classifications for financial reporting purposes differ from those for regulatory reporting purposes. Loans are\\nclassified for financial reporting purposes based upon the purpose and primary source of repayment of the loans. Loans are classified for\\nregulatory reporting purposes based upon the type of collateral securing the loans.\"},{\"bbox\":[24.2,136.1,600.1,195.1],\"lines\":[{\"bbox\":[45.1,136.7,592.0,161.6],\"text\":\"A substantial percentage of our loans are commercial in nature, and such loans are generally made to emerging growth or middle-market\"},{\"bbox\":[24.9,147.2,583.7,172.5],\"text\":\"companies in a variety of industries. As of December 31, 2001, our software tools and applications industry subsector represented 18.6% of\"},{\"bbox\":[24.6,158.3,599.5,184.0],\"text\":\"total loans and our premium wineries industry sector represented 11.2% of total loans. No other industry sector represented more than 10.0% of\"},{\"bbox\":[24.2,169.3,159.1,182.2],\"text\":\"total loans at December 31, 2001.\"}],\"order\":3,\"text\":\"A substantial percentage of our loans are commercial in nature, and such loans are generally made to emerging growth or middle-market\\ncompanies in a variety of industries. As of December 31, 2001, our software tools and applications industry subsector represented 18.6% of\\ntotal loans and our premium wineries industry sector represented 11.2% of total loans. No other industry sector represented more than 10.0% of\\ntotal loans at December 31, 2001.\"},{\"bbox\":[43.4,195.2,310.2,212.0],\"lines\":[{\"bbox\":[43.4,195.2,310.2,212.0],\"text\":\"The activity in the allowance for loan losses is summarized below:\"}],\"order\":4,\"text\":\"The activity in the allowance for loan losses is summarized below:\"},{\"bbox\":[414.0,230.9,501.7,240.2],\"lines\":[{\"bbox\":[414.0,230.9,501.7,240.2],\"text\":\"Years Ended December 31,\"}],\"order\":5,\"text\":\"Years Ended December 31,\"},{\"bbox\":[384.6,250.5,399.8,257.6],\"lines\":[{\"bbox\":[384.6,250.5,399.8,257.6],\"text\":\"2001\"}],\"order\":6,\"text\":\"2001\"},{\"bbox\":[449.6,252.4,464.8,259.5],\"lines\":[{\"bbox\":[449.6,252.4,464.8,259.5],\"text\":\"2000\"}],\"order\":7,\"text\":\"2000\"},{\"bbox\":[514.5,254.3,529.7,261.4],\"lines\":[{\"bbox\":[514.5,254.3,529.7,261.4],\"text\":\"1999\"}],\"order\":8,\"text\":\"1999\"},{\"bbox\":[421.0,272.0,492.4,280.7],\"lines\":[{\"bbox\":[421.0,272.0,492.4,280.7],\"text\":\"(Dollars in thousands)\"}],\"order\":9,\"text\":\"(Dollars in thousands)\"},{\"bbox\":[63.2,283.6,162.9,328.6],\"lines\":[{\"bbox\":[64.1,283.6,149.8,295.0],\"text\":\"Balance at January 1,\"},{\"bbox\":[63.8,294.7,162.6,306.6],\"text\":\"Provision for loan losses\"},{\"bbox\":[63.5,305.8,136.4,316.8],\"text\":\"Loans charged off\"},{\"bbox\":[63.2,316.8,107.7,327.0],\"text\":\"Recoveries\"}],\"order\":10,\"text\":\"Balance at January 1,\\nProvision for loan losses\\nLoans charged off\\nRecoveries\"},{\"bbox\":[363.5,292.3,368.7,301.4],\"lines\":[{\"bbox\":[363.5,292.3,368.7,301.4],\"text\":\"$\"}],\"order\":11,\"text\":\"$\"},{\"bbox\":[386.5,293.0,433.8,336.6],\"lines\":[{\"bbox\":[390.7,293.1,433.8,303.3],\"text\":\"73,800 $\"},{\"bbox\":[390.4,304.3,418.1,314.0],\"text\":\"16,724\"},{\"bbox\":[386.9,315.2,421.1,325.2],\"text\":\"(38,785 )\"},{\"bbox\":[389.8,326.3,417.4,336.1],\"text\":\"20,636\"}],\"order\":12,\"text\":\"73,800 $\\n16,724\\n(38,785 )\\n20,636\"},{\"bbox\":[451.4,294.9,498.6,338.5],\"lines\":[{\"bbox\":[455.8,295.0,498.6,305.2],\"text\":\"71,800 $\"},{\"bbox\":[455.4,306.2,483.1,315.9],\"text\":\"54,602\"},{\"bbox\":[451.7,317.1,486.1,327.1],\"text\":\"(63,380 )\"},{\"bbox\":[454.8,328.2,482.4,338.0],\"text\":\"10,778\"}],\"order\":13,\"text\":\"71,800 $\\n54,602\\n(63,380 )\\n10,778\"},{\"bbox\":[516.4,296.8,551.7,340.0],\"lines\":[{\"bbox\":[520.6,296.9,548.3,306.7],\"text\":\"46,000\"},{\"bbox\":[520.3,308.1,548.0,317.8],\"text\":\"52,407\"},{\"bbox\":[516.8,319.0,551.0,329.0],\"text\":\"(34,508 )\"},{\"bbox\":[524.7,330.3,547.3,339.9],\"text\":\"7,901\"}],\"order\":14,\"text\":\"46,000\\n52,407\\n(34,508 )\\n7,901\"},{\"bbox\":[62.5,339.8,163.1,351.7],\"lines\":[{\"bbox\":[62.5,339.8,163.1,351.7],\"text\":\"Balance at December 31,\"}],\"order\":15,\"text\":\"Balance at December 31,\"},{\"bbox\":[361.9,348.6,367.1,357.7],\"lines\":[{\"bbox\":[361.9,348.6,367.1,357.7],\"text\":\"$\"}],\"order\":16,\"text\":\"$\"},{\"bbox\":[389.1,349.4,416.8,359.1],\"lines\":[{\"bbox\":[389.1,349.4,416.8,359.1],\"text\":\"72,375\"}],\"order\":17,\"text\":\"72,375\"},{\"bbox\":[454.1,351.3,481.8,361.0],\"lines\":[{\"bbox\":[454.1,351.3,481.8,361.0],\"text\":\"73,800\"}],\"order\":18,\"text\":\"73,800\"},{\"bbox\":[519.0,353.2,546.7,362.9],\"lines\":[{\"bbox\":[519.0,353.2,546.7,362.9],\"text\":\"71,800\"}],\"order\":19,\"text\":\"71,800\"},{\"bbox\":[426.9,350.5,432.1,359.6],\"lines\":[{\"bbox\":[426.9,350.5,432.1,359.6],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[491.8,352.4,497.0,361.5],\"lines\":[{\"bbox\":[491.8,352.4,497.0,361.5],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[16.5,377.4,592.2,458.5],\"lines\":[{\"bbox\":[38.1,378.0,581.0,402.8],\"text\":\"The aggregate recorded investment in loans for which impairment has been determined in accordance with SFAS No. 114 totaled $17.3\"},{\"bbox\":[17.8,388.5,570.5,413.6],\"text\":\"million and $18.3 million at December 31, 2001 and 2000, respectively. During 2001 and 2000, nonaccrual loans represented all impaired\"},{\"bbox\":[17.5,399.6,570.1,424.7],\"text\":\"loans. Allocations of the allowance for loan losses related to impaired loans totaled $7.4 million at December 31, 2001 and $8.0 million at\"},{\"bbox\":[17.2,410.6,575.7,435.9],\"text\":\"December 31, 2000. Average impaired loans for 2001 and 2000 totaled $21.6 million and $24.3 million, respectively. If these loans had not\"},{\"bbox\":[16.9,421.7,590.9,447.4],\"text\":\"been impaired, $2.1 million and $1.4 million in interest income would have been realized during the years ended December 31, 2001 and 2000,\"},{\"bbox\":[16.5,432.7,419.3,453.5],\"text\":\"respectively. The Company realized no interest income on such impaired loans during 2001 or 2000.\"}],\"order\":22,\"text\":\"The aggregate recorded investment in loans for which impairment has been determined in accordance with SFAS No. 114 totaled $17.3\\nmillion and $18.3 million at December 31, 2001 and 2000, respectively. During 2001 and 2000, nonaccrual loans represented all impaired\\nloans. Allocations of the allowance for loan losses related to impaired loans totaled $7.4 million at December 31, 2001 and $8.0 million at\\nDecember 31, 2000. Average impaired loans for 2001 and 2000 totaled $21.6 million and $24.3 million, respectively. If these loans had not\\nbeen impaired, $2.1 million and $1.4 million in interest income would have been realized during the years ended December 31, 2001 and 2000,\\nrespectively. The Company realized no interest income on such impaired loans during 2001 or 2000.\"},{\"bbox\":[15.8,458.3,133.2,470.7],\"lines\":[{\"bbox\":[15.8,458.3,133.2,470.7],\"text\":\"8. Premises and Equipment\"}],\"order\":23,\"text\":\"8. Premises and Equipment\"},{\"bbox\":[35.0,484.0,232.9,498.8],\"lines\":[{\"bbox\":[35.0,484.0,232.9,498.8],\"text\":\"Premises and equipment consist of the following:\"}],\"order\":24,\"text\":\"Premises and equipment consist of the following:\"},{\"bbox\":[435.3,520.6,479.4,528.6],\"lines\":[{\"bbox\":[435.3,520.6,479.4,528.6],\"text\":\"December 31,\"}],\"order\":25,\"text\":\"December 31,\"},{\"bbox\":[414.4,540.3,429.6,547.4],\"lines\":[{\"bbox\":[414.4,540.3,429.6,547.4],\"text\":\"2001\"}],\"order\":26,\"text\":\"2001\"},{\"bbox\":[484.1,542.4,499.3,549.5],\"lines\":[{\"bbox\":[484.1,542.4,499.3,549.5],\"text\":\"2000\"}],\"order\":27,\"text\":\"2000\"},{\"bbox\":[420.5,560.9,491.9,569.7],\"lines\":[{\"bbox\":[420.5,560.9,491.9,569.7],\"text\":\"(Dollars in thousands)\"}],\"order\":28,\"text\":\"(Dollars in thousands)\"},{\"bbox\":[78.0,573.0,188.0,609.6],\"lines\":[{\"bbox\":[78.7,573.0,100.0,582.5],\"text\":\"Cost:\"},{\"bbox\":[86.8,584.4,185.8,596.2],\"text\":\"Furniture and equipment\"},{\"bbox\":[86.4,597.7,187.3,609.6],\"text\":\"Leasehold improvements\"}],\"order\":29,\"text\":\"Cost:\\nFurniture and equipment\\nLeasehold improvements\"},{\"bbox\":[391.9,593.3,397.2,602.4],\"lines\":[{\"bbox\":[391.9,593.3,397.2,602.4],\"text\":\"$\"}],\"order\":30,\"text\":\"$\"},{\"bbox\":[76.9,622.6,252.6,647.8],\"lines\":[{\"bbox\":[77.3,622.6,117.1,632.7],\"text\":\"Total cost\"},{\"bbox\":[76.9,633.8,252.2,647.8],\"text\":\"Accumulated depreciation and amortization\"}],\"order\":31,\"text\":\"Total cost\\nAccumulated depreciation and amortization\"},{\"bbox\":[420.8,594.1,448.9,617.2],\"lines\":[{\"bbox\":[421.2,594.1,448.9,603.9],\"text\":\"22,354\"},{\"bbox\":[420.8,607.5,448.5,617.2],\"text\":\"16,806\"}],\"order\":32,\"text\":\"22,354\\n16,806\"},{\"bbox\":[461.6,595.3,466.8,604.4],\"lines\":[{\"bbox\":[461.6,595.3,466.8,604.4],\"text\":\"$\"}],\"order\":33,\"text\":\"$\"},{\"bbox\":[416.4,632.5,451.1,653.7],\"lines\":[{\"bbox\":[420.1,632.6,447.7,642.4],\"text\":\"39,160\"},{\"bbox\":[416.4,643.7,450.8,653.7],\"text\":\"(17,441 )\"}],\"order\":34,\"text\":\"39,160\\n(17,441 )\"},{\"bbox\":[76.3,656.8,189.6,669.1],\"lines\":[{\"bbox\":[76.3,656.8,189.6,669.1],\"text\":\"Premises and equipment-net\"}],\"order\":35,\"text\":\"Premises and equipment-net\"},{\"bbox\":[389.8,666.0,395.0,675.1],\"lines\":[{\"bbox\":[389.8,666.0,395.0,675.1],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[419.1,666.8,446.7,676.6],\"lines\":[{\"bbox\":[419.1,666.8,446.7,676.6],\"text\":\"21,719\"}],\"order\":37,\"text\":\"21,719\"},{\"bbox\":[490.5,596.2,518.5,619.3],\"lines\":[{\"bbox\":[490.9,596.2,518.5,605.9],\"text\":\"17,568\"},{\"bbox\":[490.5,609.5,518.2,619.3],\"text\":\"12,648\"}],\"order\":38,\"text\":\"17,568\\n12,648\"},{\"bbox\":[486.1,634.6,520.8,655.7],\"lines\":[{\"bbox\":[489.8,634.7,517.4,644.4],\"text\":\"30,216\"},{\"bbox\":[486.1,645.7,520.5,655.7],\"text\":\"(11,723 )\"}],\"order\":39,\"text\":\"30,216\\n(11,723 )\"},{\"bbox\":[459.5,668.0,464.7,677.1],\"lines\":[{\"bbox\":[459.5,668.0,464.7,677.1],\"text\":\"$\"}],\"order\":40,\"text\":\"$\"},{\"bbox\":[488.8,668.9,516.4,678.6],\"lines\":[{\"bbox\":[488.8,668.9,516.4,678.6],\"text\":\"18,493\"}],\"order\":41,\"text\":\"18,493\"},{\"bbox\":[8.3,693.7,581.0,741.5],\"lines\":[{\"bbox\":[28.8,694.3,567.4,719.0],\"text\":\"The Company is obligated under a number of noncancelable operating leases for premises that expire at various dates through October\"},{\"bbox\":[8.6,704.8,580.7,730.5],\"text\":\"2008, and in most instances, include options to renew or extend at market rates and terms. Such leases may provide for periodic adjustments of\"},{\"bbox\":[8.3,715.8,261.9,732.2],\"text\":\"rentals during the term of the lease based on changes in various\"}],\"order\":42,\"text\":\"The Company is obligated under a number of noncancelable operating leases for premises that expire at various dates through October\\n2008, and in most instances, include options to renew or extend at market rates and terms. Such leases may provide for periodic adjustments of\\nrentals during the term of the lease based on changes in various\"},{\"bbox\":[290.4,749.4,300.5,758.6],\"lines\":[{\"bbox\":[290.4,749.4,300.5,758.6],\"text\":\"64\"}],\"order\":43,\"text\":\"64\"}],\"doc\":\"fintabnet:SIVB_2001\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"63\\n\\n7. Loans and the Allowance for Loan Losses (Continued)\\n\\nThe Company's loan classifications for financial reporting purposes differ from those for regulatory reporting purposes. Loans are\\nclassified for financial reporting purposes based upon the purpose and primary source of repayment of the loans. Loans are classified for\\nregulatory reporting purposes based upon the type of collateral securing the loans.\\n\\nA substantial percentage of our loans are commercial in nature, and such loans are generally made to emerging growth or middle-market\\ncompanies in a variety of industries. As of December 31, 2001, our software tools and applications industry subsector represented 18.6% of\\ntotal loans and our premium wineries industry sector represented 11.2% of total loans. No other industry sector represented more than 10.0% of\\ntotal loans at December 31, 2001.\\n\\nThe activity in the allowance for loan losses is summarized below:\\n\\nYears Ended December 31,\\n\\n2001\\n\\n2000\\n\\n1999\\n\\n(Dollars in thousands)\\n\\nBalance at January 1,\\nProvision for loan losses\\nLoans charged off\\nRecoveries\\n\\n$\\n\\n73,800 $\\n16,724\\n(38,785 )\\n20,636\\n\\n71,800 $\\n54,602\\n(63,380 )\\n10,778\\n\\n46,000\\n52,407\\n(34,508 )\\n7,901\\n\\nBalance at December 31,\\n\\n$\\n\\n72,375\\n\\n73,800\\n\\n71,800\\n\\n$\\n\\n$\\n\\nThe aggregate recorded investment in loans for which impairment has been determined in accordance with SFAS No. 114 totaled $17.3\\nmillion and $18.3 million at December 31, 2001 and 2000, respectively. During 2001 and 2000, nonaccrual loans represented all impaired\\nloans. Allocations of the allowance for loan losses related to impaired loans totaled $7.4 million at December 31, 2001 and $8.0 million at\\nDecember 31, 2000. Average impaired loans for 2001 and 2000 totaled $21.6 million and $24.3 million, respectively. If these loans had not\\nbeen impaired, $2.1 million and $1.4 million in interest income would have been realized during the years ended December 31, 2001 and 2000,\\nrespectively. The Company realized no interest income on such impaired loans during 2001 or 2000.\\n\\n8. Premises and Equipment\\n\\nPremises and equipment consist of the following:\\n\\nDecember 31,\\n\\n2001\\n\\n2000\\n\\n(Dollars in thousands)\\n\\nCost:\\nFurniture and equipment\\nLeasehold improvements\\n\\n$\\n\\nTotal cost\\nAccumulated depreciation and amortization\\n\\n22,354\\n16,806\\n\\n$\\n\\n39,160\\n(17,441 )\\n\\nPremises and equipment-net\\n\\n$\\n\\n21,719\\n\\n17,568\\n12,648\\n\\n30,216\\n(11,723 )\\n\\n$\\n\\n18,493\\n\\nThe Company is obligated under a number of noncancelable operating leases for premises that expire at various dates through October\\n2008, and in most instances, include options to renew or extend at market rates and terms. Such leases may provide for periodic adjustments of\\nrentals during the term of the lease based on changes in various\\n\\n64\",\"name\":\"fintabnet.SIVB_2001_page_54__72dpi_medium\",\"page_id\":\"fintabnet.SIVB_2001_page_54\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.676,\"source\":\"fintabnet\",\"source_id\":\"SIVB_2001_page_54\",\"stack\":[{\"deg\":-1.676,\"op\":\"skew\"},{\"amp\":0.103,\"angle\":322.5,\"blob\":0.524,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.8},{\"op\":\"noise\",\"sigma\":7.758},{\"gain\":0.652,\"op\":\"contrast\"},{\"offset\":-0.017,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[62.5,218.1,553.6,363.7],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21],\"cells\":null}],\"text\":\"63\\n\\n7. Loans and the Allowance for Loan Losses (Continued)\\n\\nThe Company's loan classifications for financial reporting purposes differ from those for regulatory reporting purposes. Loans are\\nclassified for financial reporting purposes based upon the purpose and primary source of repayment of the loans. Loans are classified for\\nregulatory reporting purposes based upon the type of collateral securing the loans.\\n\\nA substantial percentage of our loans are commercial in nature, and such loans are generally made to emerging growth or middle-market\\ncompanies in a variety of industries. As of December 31, 2001, our software tools and applications industry subsector represented 18.6% of\\ntotal loans and our premium wineries industry sector represented 11.2% of total loans. No other industry sector represented more than 10.0% of\\ntotal loans at December 31, 2001.\\n\\nThe activity in the allowance for loan losses is summarized below:\\n\\nYears Ended December 31,\\n\\n2001\\n\\n2000\\n\\n1999\\n\\n(Dollars in thousands)\\n\\nBalance at January 1,\\nProvision for loan losses\\nLoans charged off\\nRecoveries\\n\\n$\\n\\n73,800 $\\n16,724\\n(38,785 )\\n20,636\\n\\n71,800 $\\n54,602\\n(63,380 )\\n10,778\\n\\n46,000\\n52,407\\n(34,508 )\\n7,901\\n\\nBalance at December 31,\\n\\n$\\n\\n72,375\\n\\n73,800\\n\\n71,800\\n\\n$\\n\\n$\\n\\nThe aggregate recorded investment in loans for which impairment has been determined in accordance with SFAS No. 114 totaled $17.3\\nmillion and $18.3 million at December 31, 2001 and 2000, respectively. During 2001 and 2000, nonaccrual loans represented all impaired\\nloans. Allocations of the allowance for loan losses related to impaired loans totaled $7.4 million at December 31, 2001 and $8.0 million at\\nDecember 31, 2000. Average impaired loans for 2001 and 2000 totaled $21.6 million and $24.3 million, respectively. If these loans had not\\nbeen impaired, $2.1 million and $1.4 million in interest income would have been realized during the years ended December 31, 2001 and 2000,\\nrespectively. The Company realized no interest income on such impaired loans during 2001 or 2000.\\n\\n8. Premises and Equipment\\n\\nPremises and equipment consist of the following:\\n\\nDecember 31,\\n\\n2001\\n\\n2000\\n\\n(Dollars in thousands)\\n\\nCost:\\nFurniture and equipment\\nLeasehold improvements\\n\\n$\\n\\nTotal cost\\nAccumulated depreciation and amortization\\n\\n22,354\\n16,806\\n\\n$\\n\\n39,160\\n(17,441 )\\n\\nPremises and equipment-net\\n\\n$\\n\\n21,719\\n\\n17,568\\n12,648\\n\\n30,216\\n(11,723 )\\n\\n$\\n\\n18,493\\n\\nThe Company is obligated under a number of noncancelable operating leases for premises that expire at various dates through October\\n2008, and in most instances, include options to renew or extend at market rates and terms. Such leases may provide for periodic adjustments of\\nrentals during the term of the lease based on changes in various\\n\\n64\"},\"name\":\"fintabnet.SIVB_2001_page_54__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":14853,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:SIVB_2001\",\"dpi\":72,\"gt_sha256\":\"ace7ffd7da4d0ba9a9da9682bd682511e6c439f2eba5b7dc20c5f2522e71ef76\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SIVB_2001_page_54__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.SIVB_2001_page_54\",\"pdf_sha256\":\"40bd3b2507307af7e162d4c665aa72258d6009c4ccdab562fe0ccbd286aacc1f\",\"px\":[612,792],\"scan\":{\"render\":\"00007e007ffe7fff0008003c702e707efffe700000102018381c083cfffe0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"SIVB_2001_page_54\",\"src\":{\"file_sha256\":\"7fd9a81577cd3a7764a444a189dcc61723ebbb3fb488c87711c835f7c141f8b3\",\"render\":\"000040007ffefffe0018003c703c7b7efffe600000000018383c383c7ffe0000\",\"text\":\"2ef7e1e14aab5c7e4cb0756cdd47f4a74dc057e3316a81b856f04fc42218ad72\"},\"stack\":[{\"deg\":-1.676,\"op\":\"skew\"},{\"amp\":0.103,\"angle\":322.5,\"blob\":0.524,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.8},{\"op\":\"noise\",\"sigma\":7.758},{\"gain\":0.652,\"op\":\"contrast\"},{\"offset\":-0.017,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"40bd3b2507307af7e162d4c665aa72258d6009c4ccdab562fe0ccbd286aacc1f\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/40bd3b2507307af7e162d4c665aa72258d6009c4ccdab562fe0ccbd286aacc1f.pdf","asset_sha256":"40bd3b2507307af7e162d4c665aa72258d6009c4ccdab562fe0ccbd286aacc1f","document_id":"fintabnet:SIVB_2001","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SIVB_2001_page_54\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SIVB_2002_page_42\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SIVB_2002\",\"ground_truth\":{\"blocks\":[{\"bbox\":[14.1,19.8,809.7,94.5],\"lines\":[{\"bbox\":[14.1,19.8,808.7,48.8],\"text\":\"December 31, 2001. This decrease in 2002, as compared to 2001, was primarily due to the repurchase of 5.5 million shares of common stock for\"},{\"bbox\":[14.4,35.4,787.0,64.0],\"text\":\"an aggregate purchase price of $109.4 million, substantially offset by net income of $53.4 million and stock issuances under employee stock\"},{\"bbox\":[14.7,51.5,744.5,79.2],\"text\":\"purchase and option programs. We have not paid a cash dividend on our common stock since 1992, and we do not have any material\"},{\"bbox\":[15.1,74.8,368.0,94.5],\"text\":\"commitments for capital expenditures as of December 31, 2002.\"}],\"order\":0,\"text\":\"December 31, 2001. This decrease in 2002, as compared to 2001, was primarily due to the repurchase of 5.5 million shares of common stock for\\nan aggregate purchase price of $109.4 million, substantially offset by net income of $53.4 million and stock issuances under employee stock\\npurchase and option programs. We have not paid a cash dividend on our common stock since 1992, and we do not have any material\\ncommitments for capital expenditures as of December 31, 2002.\"},{\"bbox\":[15.8,100.3,813.9,235.8],\"lines\":[{\"bbox\":[43.3,101.0,778.0,128.7],\"text\":\"Funds generated through retained earnings are a significant source of capital and liquidity and are expected to continue to be so in the\"},{\"bbox\":[16.1,116.1,778.6,144.5],\"text\":\"future. Our management engages in a periodic capital planning process in an effort to make effective use of the capital available to us. The\"},{\"bbox\":[16.4,131.5,771.3,159.6],\"text\":\"capital plan considers capital needs for the foreseeable future and allocates capital to both existing business activities and expected future\"},{\"bbox\":[16.8,145.9,812.7,175.0],\"text\":\"business activities. Expected future activities for which capital is set aside include potential product expansions and acquisitions of new business\"},{\"bbox\":[17.1,161.3,802.1,190.1],\"text\":\"lines. Once capital is allocated to both existing and future business needs, management determines if any excess capital is available. If there is,\"},{\"bbox\":[17.4,176.3,809.7,205.3],\"text\":\"management recommends to the Board of Directors action steps to use the excess capital. In 2002, excess capital was used to repurchase shares.\"},{\"bbox\":[17.7,191.7,807.0,220.6],\"text\":\"In the future, excess capital may be used to continue repurchases or pay dividends. As of December 31, 2002, there are no plans for payment of\"},{\"bbox\":[18.0,215.6,393.8,235.8],\"text\":\"dividends or repurchases in excess of those already disclosed above.\"}],\"order\":1,\"text\":\"Funds generated through retained earnings are a significant source of capital and liquidity and are expected to continue to be so in the\\nfuture. Our management engages in a periodic capital planning process in an effort to make effective use of the capital available to us. The\\ncapital plan considers capital needs for the foreseeable future and allocates capital to both existing business activities and expected future\\nbusiness activities. Expected future activities for which capital is set aside include potential product expansions and acquisitions of new business\\nlines. Once capital is allocated to both existing and future business needs, management determines if any excess capital is available. If there is,\\nmanagement recommends to the Board of Directors action steps to use the excess capital. In 2002, excess capital was used to repurchase shares.\\nIn the future, excess capital may be used to continue repurchases or pay dividends. As of December 31, 2002, there are no plans for payment of\\ndividends or repurchases in excess of those already disclosed above.\"},{\"bbox\":[18.8,241.5,818.0,301.1],\"lines\":[{\"bbox\":[46.3,241.6,814.2,270.0],\"text\":\"We received an initial credit rating during 2002. Silicon's credit rating by Moody's Investor Service (\\\"Moody's\\\") at December 31, 2002 was\"},{\"bbox\":[19.1,256.7,817.7,285.8],\"text\":\"\\\"Baa1\\\" for issuer rating. According to Moody's, issuers rated \\\"Baa1\\\" offer adequate financial security. However, certain protective elements may\"},{\"bbox\":[19.4,286.7,118.5,301.1],\"text\":\"be lacking or may\"}],\"order\":2,\"text\":\"We received an initial credit rating during 2002. Silicon's credit rating by Moody's Investor Service (\\\"Moody's\\\") at December 31, 2002 was\\n\\\"Baa1\\\" for issuer rating. According to Moody's, issuers rated \\\"Baa1\\\" offer adequate financial security. However, certain protective elements may\\nbe lacking or may\"},{\"bbox\":[413.2,315.1,427.1,327.7],\"lines\":[{\"bbox\":[413.2,315.1,427.1,327.7],\"text\":\"51\"}],\"order\":3,\"text\":\"51\"},{\"bbox\":[21.6,377.7,821.4,528.6],\"lines\":[{\"bbox\":[21.6,378.2,796.3,406.7],\"text\":\"be unreliable over any great period of time. Silicon Valley Bank's credit rating by Moody's at December 31, 2002 was \\\"A3\\\" for issuer rating,\"},{\"bbox\":[22.0,393.1,812.9,422.1],\"text\":\"\\\"A3\\\" for long-term deposits, \\\"P-2\\\" for short-term deposits, and \\\"C\\\" for financial strength. Moody's bank deposit ratings are opinions of a bank's\"},{\"bbox\":[22.3,408.4,811.2,437.2],\"text\":\"ability to repay punctually its foreign and/or domestic currency deposit obligations. According to Moody's an \\\"A\\\" rating for deposits represents\"},{\"bbox\":[22.6,424.0,788.0,452.4],\"text\":\"good credit quality, however, elements may be present that suggest a susceptibility to impairment over the long-term. Banks rated \\\"P-2\\\" by\"},{\"bbox\":[22.9,438.7,817.0,467.7],\"text\":\"Moody's, for short-term deposits offer strong credit quality and a strong capacity for timely payment of short-term deposit obligations. Financial\"},{\"bbox\":[23.2,453.8,819.8,482.9],\"text\":\"strength ratings represent Moody's opinion of a bank's intrinsic safety and soundness and, as such, exclude certain external credit risks and credit\"},{\"bbox\":[23.6,469.7,785.7,498.1],\"text\":\"support elements that are addressed by Moody's bank deposit ratings. Banks rated \\\"C\\\" possess adequate intrinsic financial strength and are\"},{\"bbox\":[23.9,484.3,821.1,513.4],\"text\":\"typically institutions with more limited but still valuable business franchises, good financial fundamentals, and a predictable and stable operating\"},{\"bbox\":[24.2,514.7,97.4,528.6],\"text\":\"environment.\"}],\"order\":4,\"text\":\"be unreliable over any great period of time. Silicon Valley Bank's credit rating by Moody's at December 31, 2002 was \\\"A3\\\" for issuer rating,\\n\\\"A3\\\" for long-term deposits, \\\"P-2\\\" for short-term deposits, and \\\"C\\\" for financial strength. Moody's bank deposit ratings are opinions of a bank's\\nability to repay punctually its foreign and/or domestic currency deposit obligations. According to Moody's an \\\"A\\\" rating for deposits represents\\ngood credit quality, however, elements may be present that suggest a susceptibility to impairment over the long-term. Banks rated \\\"P-2\\\" by\\nMoody's, for short-term deposits offer strong credit quality and a strong capacity for timely payment of short-term deposit obligations. Financial\\nstrength ratings represent Moody's opinion of a bank's intrinsic safety and soundness and, as such, exclude certain external credit risks and credit\\nsupport elements that are addressed by Moody's bank deposit ratings. Banks rated \\\"C\\\" possess adequate intrinsic financial strength and are\\ntypically institutions with more limited but still valuable business franchises, good financial fundamentals, and a predictable and stable operating\\nenvironment.\"},{\"bbox\":[52.4,539.9,555.4,562.8],\"lines\":[{\"bbox\":[52.4,539.9,555.4,562.8],\"text\":\"The table below presents the relationship between the following significant financial ratios:\"}],\"order\":5,\"text\":\"The table below presents the relationship between the following significant financial ratios:\"},{\"bbox\":[649.5,569.5,770.1,581.4],\"lines\":[{\"bbox\":[649.5,569.5,770.1,581.4],\"text\":\"Years Ended December 31,\"}],\"order\":6,\"text\":\"Years Ended December 31,\"},{\"bbox\":[627.9,600.1,648.8,609.8],\"lines\":[{\"bbox\":[627.9,600.1,648.8,609.8],\"text\":\"2002\"}],\"order\":7,\"text\":\"2002\"},{\"bbox\":[26.8,636.3,298.2,788.2],\"lines\":[{\"bbox\":[26.8,639.0,163.2,654.2],\"text\":\"Return on average assets\"},{\"bbox\":[43.2,655.5,103.3,669.0],\"text\":\"Divided by\"},{\"bbox\":[27.5,669.7,296.1,687.7],\"text\":\"Average equity as a percentage of average assets\"},{\"bbox\":[43.9,689.4,82.3,702.5],\"text\":\"Equals\"},{\"bbox\":[28.3,706.0,167.0,721.2],\"text\":\"Return on average equity\"},{\"bbox\":[44.6,723.0,77.6,736.0],\"text\":\"Times\"},{\"bbox\":[29.0,740.3,125.7,754.7],\"text\":\"Earnings retained\"},{\"bbox\":[45.3,756.4,83.7,769.5],\"text\":\"Equals\"},{\"bbox\":[29.7,773.2,155.0,788.2],\"text\":\"Internal capital growth\"}],\"order\":8,\"text\":\"Return on average assets\\nDivided by\\nAverage equity as a percentage of average assets\\nEquals\\nReturn on average equity\\nTimes\\nEarnings retained\\nEquals\\nInternal capital growth\"},{\"bbox\":[699.9,598.6,720.8,608.3],\"lines\":[{\"bbox\":[699.9,598.6,720.8,608.3],\"text\":\"2001\"}],\"order\":9,\"text\":\"2001\"},{\"bbox\":[771.9,597.1,792.8,606.8],\"lines\":[{\"bbox\":[771.9,597.1,792.8,606.8],\"text\":\"2000\"}],\"order\":10,\"text\":\"2000\"},{\"bbox\":[649.7,628.2,678.5,641.1],\"lines\":[{\"bbox\":[649.7,628.2,678.5,641.1],\"text\":\"1.4 %\"}],\"order\":11,\"text\":\"1.4 %\"},{\"bbox\":[721.7,626.7,750.5,639.6],\"lines\":[{\"bbox\":[721.7,626.7,750.5,639.6],\"text\":\"2.0 %\"}],\"order\":12,\"text\":\"2.0 %\"},{\"bbox\":[793.7,625.2,822.5,638.1],\"lines\":[{\"bbox\":[793.7,625.2,822.5,638.1],\"text\":\"3.1 %\"}],\"order\":13,\"text\":\"3.1 %\"},{\"bbox\":[643.6,661.7,679.2,674.7],\"lines\":[{\"bbox\":[643.6,661.7,679.2,674.7],\"text\":\"16.3 %\"}],\"order\":14,\"text\":\"16.3 %\"},{\"bbox\":[715.6,660.2,751.2,673.2],\"lines\":[{\"bbox\":[715.6,660.2,751.2,673.2],\"text\":\"14.9 %\"}],\"order\":15,\"text\":\"14.9 %\"},{\"bbox\":[794.4,658.7,823.2,671.6],\"lines\":[{\"bbox\":[794.4,658.7,823.2,671.6],\"text\":\"9.2 %\"}],\"order\":16,\"text\":\"9.2 %\"},{\"bbox\":[651.1,695.2,679.9,708.1],\"lines\":[{\"bbox\":[651.1,695.2,679.9,708.1],\"text\":\"8.5 %\"}],\"order\":17,\"text\":\"8.5 %\"},{\"bbox\":[716.3,693.7,751.9,706.7],\"lines\":[{\"bbox\":[716.3,693.7,751.9,706.7],\"text\":\"13.5 %\"}],\"order\":18,\"text\":\"13.5 %\"},{\"bbox\":[788.3,692.1,823.9,705.2],\"lines\":[{\"bbox\":[788.3,692.1,823.9,705.2],\"text\":\"33.3 %\"}],\"order\":19,\"text\":\"33.3 %\"},{\"bbox\":[638.0,728.7,680.6,741.9],\"lines\":[{\"bbox\":[638.0,728.7,680.6,741.9],\"text\":\"100.0 %\"}],\"order\":20,\"text\":\"100.0 %\"},{\"bbox\":[710.1,727.2,752.6,740.3],\"lines\":[{\"bbox\":[710.1,727.2,752.6,740.3],\"text\":\"100.0 %\"}],\"order\":21,\"text\":\"100.0 %\"},{\"bbox\":[782.1,725.6,824.6,738.8],\"lines\":[{\"bbox\":[782.1,725.6,824.6,738.8],\"text\":\"100.0 %\"}],\"order\":22,\"text\":\"100.0 %\"},{\"bbox\":[652.5,762.2,681.3,775.1],\"lines\":[{\"bbox\":[652.5,762.2,681.3,775.1],\"text\":\"8.5 %\"}],\"order\":23,\"text\":\"8.5 %\"},{\"bbox\":[717.7,760.6,753.3,773.7],\"lines\":[{\"bbox\":[717.7,760.6,753.3,773.7],\"text\":\"13.5 %\"}],\"order\":24,\"text\":\"13.5 %\"},{\"bbox\":[789.7,759.1,825.3,772.2],\"lines\":[{\"bbox\":[789.7,759.1,825.3,772.2],\"text\":\"33.3 %\"}],\"order\":25,\"text\":\"33.3 %\"},{\"bbox\":[30.4,794.0,823.6,853.5],\"lines\":[{\"bbox\":[57.9,794.0,822.9,822.4],\"text\":\"Both Silicon's and Silicon Valley Bank are subject to capital adequacy guidelines issued by the Federal Reserve Board. Under these capital\"},{\"bbox\":[30.7,809.3,819.7,838.1],\"text\":\"guidelines, the minimum total risk-based capital ratio and Tier 1 risk-based capital ratio requirements are 10.0% and 6.0%, respectively of risk-\"},{\"bbox\":[31.0,830.1,557.6,853.5],\"text\":\"weighted assets and certain off-balance-sheet items for a well-capitalized depository institution.\"}],\"order\":26,\"text\":\"Both Silicon's and Silicon Valley Bank are subject to capital adequacy guidelines issued by the Federal Reserve Board. Under these capital\\nguidelines, the minimum total risk-based capital ratio and Tier 1 risk-based capital ratio requirements are 10.0% and 6.0%, respectively of risk-\\nweighted assets and certain off-balance-sheet items for a well-capitalized depository institution.\"},{\"bbox\":[31.8,859.3,825.1,918.6],\"lines\":[{\"bbox\":[59.3,859.3,824.5,887.7],\"text\":\"The Federal Reserve Board has also established minimum capital leverage ratio guidelines for state member banks. The ratio is determined\"},{\"bbox\":[32.1,875.3,788.8,903.5],\"text\":\"using Tier 1 capital divided by quarterly average total assets. The guidelines require a minimum of 5.0% for a well-capitalized depository\"},{\"bbox\":[32.4,905.1,91.7,918.6],\"text\":\"institution.\"}],\"order\":27,\"text\":\"The Federal Reserve Board has also established minimum capital leverage ratio guidelines for state member banks. The ratio is determined\\nusing Tier 1 capital divided by quarterly average total assets. The guidelines require a minimum of 5.0% for a well-capitalized depository\\ninstitution.\"},{\"bbox\":[33.1,924.4,832.7,984.0],\"lines\":[{\"bbox\":[60.6,924.4,832.0,952.9],\"text\":\"Both Silicon's and Silicon Valley Bank's capital ratios were in excess of regulatory guidelines for a well-capitalized depository institution as\"},{\"bbox\":[33.5,939.8,825.0,968.8],\"text\":\"of December 31, 2002, 2001, and 2000. See \\\"Item 8. Consolidated Financial Statements and Supplementary Data—Note 23 to the Consolidated\"},{\"bbox\":[33.8,959.0,633.2,984.0],\"text\":\"Financial Statements—Regulatory Matters.\\\" Capital ratios for Silicon Valley Bancshares are set forth below:\"}],\"order\":28,\"text\":\"Both Silicon's and Silicon Valley Bank's capital ratios were in excess of regulatory guidelines for a well-capitalized depository institution as\\nof December 31, 2002, 2001, and 2000. See \\\"Item 8. Consolidated Financial Statements and Supplementary Data—Note 23 to the Consolidated\\nFinancial Statements—Regulatory Matters.\\\" Capital ratios for Silicon Valley Bancshares are set forth below:\"},{\"bbox\":[706.0,990.4,766.6,1000.9],\"lines\":[{\"bbox\":[706.0,990.4,766.6,1000.9],\"text\":\"December 31,\"}],\"order\":29,\"text\":\"December 31,\"},{\"bbox\":[663.4,1020.1,684.3,1029.8],\"lines\":[{\"bbox\":[663.4,1020.1,684.3,1029.8],\"text\":\"2002\"}],\"order\":30,\"text\":\"2002\"},{\"bbox\":[35.7,1059.2,193.4,1074.8],\"lines\":[{\"bbox\":[35.7,1059.2,193.4,1074.8],\"text\":\"Total risk-based capital ratio\"}],\"order\":31,\"text\":\"Total risk-based capital ratio\"},{\"bbox\":[674.2,1048.3,709.8,1061.3],\"lines\":[{\"bbox\":[674.2,1048.3,709.8,1061.3],\"text\":\"16.0 %\"}],\"order\":32,\"text\":\"16.0 %\"},{\"bbox\":[726.6,1018.8,747.4,1028.5],\"lines\":[{\"bbox\":[726.6,1018.8,747.4,1028.5],\"text\":\"2001\"}],\"order\":33,\"text\":\"2001\"},{\"bbox\":[737.2,1047.0,773.0,1060.0],\"lines\":[{\"bbox\":[737.2,1047.0,773.0,1060.0],\"text\":\"17.2 %\"}],\"order\":34,\"text\":\"17.2 %\"},{\"bbox\":[789.6,1017.4,810.4,1027.2],\"lines\":[{\"bbox\":[789.6,1017.4,810.4,1027.2],\"text\":\"2000\"}],\"order\":35,\"text\":\"2000\"},{\"bbox\":[800.2,1045.6,836.0,1058.7],\"lines\":[{\"bbox\":[800.2,1045.6,836.0,1058.7],\"text\":\"17.7 %\"}],\"order\":36,\"text\":\"17.7 %\"}],\"doc\":\"fintabnet:SIVB_2002\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"December 31, 2001. This decrease in 2002, as compared to 2001, was primarily due to the repurchase of 5.5 million shares of common stock for\\nan aggregate purchase price of $109.4 million, substantially offset by net income of $53.4 million and stock issuances under employee stock\\npurchase and option programs. We have not paid a cash dividend on our common stock since 1992, and we do not have any material\\ncommitments for capital expenditures as of December 31, 2002.\\n\\nFunds generated through retained earnings are a significant source of capital and liquidity and are expected to continue to be so in the\\nfuture. Our management engages in a periodic capital planning process in an effort to make effective use of the capital available to us. The\\ncapital plan considers capital needs for the foreseeable future and allocates capital to both existing business activities and expected future\\nbusiness activities. Expected future activities for which capital is set aside include potential product expansions and acquisitions of new business\\nlines. Once capital is allocated to both existing and future business needs, management determines if any excess capital is available. If there is,\\nmanagement recommends to the Board of Directors action steps to use the excess capital. In 2002, excess capital was used to repurchase shares.\\nIn the future, excess capital may be used to continue repurchases or pay dividends. As of December 31, 2002, there are no plans for payment of\\ndividends or repurchases in excess of those already disclosed above.\\n\\nWe received an initial credit rating during 2002. Silicon's credit rating by Moody's Investor Service (\\\"Moody's\\\") at December 31, 2002 was\\n\\\"Baa1\\\" for issuer rating. According to Moody's, issuers rated \\\"Baa1\\\" offer adequate financial security. However, certain protective elements may\\nbe lacking or may\\n\\n51\\n\\nbe unreliable over any great period of time. Silicon Valley Bank's credit rating by Moody's at December 31, 2002 was \\\"A3\\\" for issuer rating,\\n\\\"A3\\\" for long-term deposits, \\\"P-2\\\" for short-term deposits, and \\\"C\\\" for financial strength. Moody's bank deposit ratings are opinions of a bank's\\nability to repay punctually its foreign and/or domestic currency deposit obligations. According to Moody's an \\\"A\\\" rating for deposits represents\\ngood credit quality, however, elements may be present that suggest a susceptibility to impairment over the long-term. Banks rated \\\"P-2\\\" by\\nMoody's, for short-term deposits offer strong credit quality and a strong capacity for timely payment of short-term deposit obligations. Financial\\nstrength ratings represent Moody's opinion of a bank's intrinsic safety and soundness and, as such, exclude certain external credit risks and credit\\nsupport elements that are addressed by Moody's bank deposit ratings. Banks rated \\\"C\\\" possess adequate intrinsic financial strength and are\\ntypically institutions with more limited but still valuable business franchises, good financial fundamentals, and a predictable and stable operating\\nenvironment.\\n\\nThe table below presents the relationship between the following significant financial ratios:\\n\\nYears Ended December 31,\\n\\n2002\\n\\nReturn on average assets\\nDivided by\\nAverage equity as a percentage of average assets\\nEquals\\nReturn on average equity\\nTimes\\nEarnings retained\\nEquals\\nInternal capital growth\\n\\n2001\\n\\n2000\\n\\n1.4 %\\n\\n2.0 %\\n\\n3.1 %\\n\\n16.3 %\\n\\n14.9 %\\n\\n9.2 %\\n\\n8.5 %\\n\\n13.5 %\\n\\n33.3 %\\n\\n100.0 %\\n\\n100.0 %\\n\\n100.0 %\\n\\n8.5 %\\n\\n13.5 %\\n\\n33.3 %\\n\\nBoth Silicon's and Silicon Valley Bank are subject to capital adequacy guidelines issued by the Federal Reserve Board. Under these capital\\nguidelines, the minimum total risk-based capital ratio and Tier 1 risk-based capital ratio requirements are 10.0% and 6.0%, respectively of risk-\\nweighted assets and certain off-balance-sheet items for a well-capitalized depository institution.\\n\\nThe Federal Reserve Board has also established minimum capital leverage ratio guidelines for state member banks. The ratio is determined\\nusing Tier 1 capital divided by quarterly average total assets. The guidelines require a minimum of 5.0% for a well-capitalized depository\\ninstitution.\\n\\nBoth Silicon's and Silicon Valley Bank's capital ratios were in excess of regulatory guidelines for a well-capitalized depository institution as\\nof December 31, 2002, 2001, and 2000. See \\\"Item 8. Consolidated Financial Statements and Supplementary Data—Note 23 to the Consolidated\\nFinancial Statements—Regulatory Matters.\\\" Capital ratios for Silicon Valley Bancshares are set forth below:\\n\\nDecember 31,\\n\\n2002\\n\\nTotal risk-based capital ratio\\n\\n16.0 %\\n\\n2001\\n\\n17.2 %\\n\\n2000\\n\\n17.7 %\",\"name\":\"fintabnet.SIVB_2002_page_42__100dpi_medium\",\"page_id\":\"fintabnet.SIVB_2002_page_42\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.205,\"source\":\"fintabnet\",\"source_id\":\"SIVB_2002_page_42\",\"stack\":[{\"deg\":1.205,\"op\":\"skew\"},{\"amp\":0.153,\"angle\":349.2,\"blob\":0.468,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.668},{\"gain\":0.804,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":60}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[25.6,564.7,825.3,789.0],\"block_orders\":[6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25],\"cells\":null}],\"text\":\"December 31, 2001. This decrease in 2002, as compared to 2001, was primarily due to the repurchase of 5.5 million shares of common stock for\\nan aggregate purchase price of $109.4 million, substantially offset by net income of $53.4 million and stock issuances under employee stock\\npurchase and option programs. We have not paid a cash dividend on our common stock since 1992, and we do not have any material\\ncommitments for capital expenditures as of December 31, 2002.\\n\\nFunds generated through retained earnings are a significant source of capital and liquidity and are expected to continue to be so in the\\nfuture. Our management engages in a periodic capital planning process in an effort to make effective use of the capital available to us. The\\ncapital plan considers capital needs for the foreseeable future and allocates capital to both existing business activities and expected future\\nbusiness activities. Expected future activities for which capital is set aside include potential product expansions and acquisitions of new business\\nlines. Once capital is allocated to both existing and future business needs, management determines if any excess capital is available. If there is,\\nmanagement recommends to the Board of Directors action steps to use the excess capital. In 2002, excess capital was used to repurchase shares.\\nIn the future, excess capital may be used to continue repurchases or pay dividends. As of December 31, 2002, there are no plans for payment of\\ndividends or repurchases in excess of those already disclosed above.\\n\\nWe received an initial credit rating during 2002. Silicon's credit rating by Moody's Investor Service (\\\"Moody's\\\") at December 31, 2002 was\\n\\\"Baa1\\\" for issuer rating. According to Moody's, issuers rated \\\"Baa1\\\" offer adequate financial security. However, certain protective elements may\\nbe lacking or may\\n\\n51\\n\\nbe unreliable over any great period of time. Silicon Valley Bank's credit rating by Moody's at December 31, 2002 was \\\"A3\\\" for issuer rating,\\n\\\"A3\\\" for long-term deposits, \\\"P-2\\\" for short-term deposits, and \\\"C\\\" for financial strength. Moody's bank deposit ratings are opinions of a bank's\\nability to repay punctually its foreign and/or domestic currency deposit obligations. According to Moody's an \\\"A\\\" rating for deposits represents\\ngood credit quality, however, elements may be present that suggest a susceptibility to impairment over the long-term. Banks rated \\\"P-2\\\" by\\nMoody's, for short-term deposits offer strong credit quality and a strong capacity for timely payment of short-term deposit obligations. Financial\\nstrength ratings represent Moody's opinion of a bank's intrinsic safety and soundness and, as such, exclude certain external credit risks and credit\\nsupport elements that are addressed by Moody's bank deposit ratings. Banks rated \\\"C\\\" possess adequate intrinsic financial strength and are\\ntypically institutions with more limited but still valuable business franchises, good financial fundamentals, and a predictable and stable operating\\nenvironment.\\n\\nThe table below presents the relationship between the following significant financial ratios:\\n\\nYears Ended December 31,\\n\\n2002\\n\\nReturn on average assets\\nDivided by\\nAverage equity as a percentage of average assets\\nEquals\\nReturn on average equity\\nTimes\\nEarnings retained\\nEquals\\nInternal capital growth\\n\\n2001\\n\\n2000\\n\\n1.4 %\\n\\n2.0 %\\n\\n3.1 %\\n\\n16.3 %\\n\\n14.9 %\\n\\n9.2 %\\n\\n8.5 %\\n\\n13.5 %\\n\\n33.3 %\\n\\n100.0 %\\n\\n100.0 %\\n\\n100.0 %\\n\\n8.5 %\\n\\n13.5 %\\n\\n33.3 %\\n\\nBoth Silicon's and Silicon Valley Bank are subject to capital adequacy guidelines issued by the Federal Reserve Board. Under these capital\\nguidelines, the minimum total risk-based capital ratio and Tier 1 risk-based capital ratio requirements are 10.0% and 6.0%, respectively of risk-\\nweighted assets and certain off-balance-sheet items for a well-capitalized depository institution.\\n\\nThe Federal Reserve Board has also established minimum capital leverage ratio guidelines for state member banks. The ratio is determined\\nusing Tier 1 capital divided by quarterly average total assets. The guidelines require a minimum of 5.0% for a well-capitalized depository\\ninstitution.\\n\\nBoth Silicon's and Silicon Valley Bank's capital ratios were in excess of regulatory guidelines for a well-capitalized depository institution as\\nof December 31, 2002, 2001, and 2000. See \\\"Item 8. Consolidated Financial Statements and Supplementary Data—Note 23 to the Consolidated\\nFinancial Statements—Regulatory Matters.\\\" Capital ratios for Silicon Valley Bancshares are set forth below:\\n\\nDecember 31,\\n\\n2002\\n\\nTotal risk-based capital ratio\\n\\n16.0 %\\n\\n2001\\n\\n17.2 %\\n\\n2000\\n\\n17.7 %\"},\"name\":\"fintabnet.SIVB_2002_page_42__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":111253,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:SIVB_2002\",\"dpi\":100,\"gt_sha256\":\"2d6f2ed7159b470760136a97a1c8f3ed7c7d6456771cde52f5bd85240ff69f16\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SIVB_2002_page_42__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.SIVB_2002_page_42\",\"pdf_sha256\":\"ad900e9f181d92d9078b135af49da7473b1c9534a4bbb7ebb38f6dca7ffe750b\",\"px\":[850,1100],\"scan\":{\"render\":\"1ffe7efeffff7fff000000ff7fff0002000e400f400f403f3ffe483f00040007\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"SIVB_2002_page_42\",\"src\":{\"file_sha256\":\"c3b638b9fdfcdac45c372f2710c1ca3df5a6a4351821d9fbb4c7eeabeef0be68\",\"render\":\"7ffc7e00fffe7fc600007efefffe7fe00000f80ee00c7ffe7fc0480000000000\",\"text\":\"eaa60bc1bdac26ea207e0a6acf90c197f5d04f25e42acf119df432f8e40fe7aa\"},\"stack\":[{\"deg\":1.205,\"op\":\"skew\"},{\"amp\":0.153,\"angle\":349.2,\"blob\":0.468,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.668},{\"gain\":0.804,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":60}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ad900e9f181d92d9078b135af49da7473b1c9534a4bbb7ebb38f6dca7ffe750b\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ad900e9f181d92d9078b135af49da7473b1c9534a4bbb7ebb38f6dca7ffe750b.pdf","asset_sha256":"ad900e9f181d92d9078b135af49da7473b1c9534a4bbb7ebb38f6dca7ffe750b","document_id":"fintabnet:SIVB_2002","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SIVB_2002_page_42\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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The Company has a controlling ownership interest of 11.1% in the fund. In addition, net gains (losses) on investment securities included\"},{\"bbox\":[48.6,169.8,583.7,178.7],\"text\":\"$(0.7) million and $(3.5) million related to the Company's venture capital fund, Silicon Valley BancVentures, L.P., for the years ended December 31, 2002 and 2001, respectively.\"},{\"bbox\":[48.6,178.1,581.5,186.9],\"text\":\"The Company has a controlling ownership interest of 10.7% in the fund. Excluding the minority interest owned portions of SVB Strategic Investors Fund, L.P. and Silicon Valley\"},{\"bbox\":[48.6,186.4,590.5,195.2],\"text\":\"BancVentures, L.P., the Company has net (losses) gains on investment securities of $(4.1) million and $(6.6) million for the years ended December 31, 2002, and 2001, respectively.\"}],\"order\":17,\"text\":\"Net (losses) gains on investment securities included $(5.7) million and $(3.0) million related to the Company's fund of funds, SVB Strategic Investors Fund, L.P., for the years ended\\nDecember 31, 2002 and 2001, respectively. The Company has a controlling ownership interest of 11.1% in the fund. In addition, net gains (losses) on investment securities included\\n$(0.7) million and $(3.5) million related to the Company's venture capital fund, Silicon Valley BancVentures, L.P., for the years ended December 31, 2002 and 2001, respectively.\\nThe Company has a controlling ownership interest of 10.7% in the fund. Excluding the minority interest owned portions of SVB Strategic Investors Fund, L.P. and Silicon Valley\\nBancVentures, L.P., the Company has net (losses) gains on investment securities of $(4.1) million and $(6.6) million for the years ended December 31, 2002, and 2001, respectively.\"},{\"bbox\":[38.5,209.3,457.0,219.8],\"lines\":[{\"bbox\":[38.5,209.3,457.0,219.8],\"text\":\"Warrant gains totaled $1.7 million, $8.5 million, and $86.3 million in 2002, 2001, and 2000, respectively.\"}],\"order\":18,\"text\":\"Warrant gains totaled $1.7 million, $8.5 million, and $86.3 million in 2002, 2001, and 2000, respectively.\"},{\"bbox\":[301.7,235.4,311.6,244.3],\"lines\":[{\"bbox\":[301.7,235.4,311.6,244.3],\"text\":\"83\"}],\"order\":19,\"text\":\"83\"},{\"bbox\":[18.4,285.3,204.3,294.9],\"lines\":[{\"bbox\":[18.4,285.3,204.3,294.9],\"text\":\"7. Loans and the Allowance for Loan Losses\"}],\"order\":20,\"text\":\"7. Loans and the Allowance for Loan Losses\"},{\"bbox\":[18.3,310.4,594.3,332.6],\"lines\":[{\"bbox\":[38.1,310.4,594.3,321.5],\"text\":\"The detailed composition of loans, net of unearned income of $11.8 million and $11.9 million at December 31, 2002 and 2001, respectively,\"},{\"bbox\":[18.3,321.4,155.4,330.8],\"text\":\"is presented in the following table:\"}],\"order\":21,\"text\":\"The detailed composition of loans, net of unearned income of $11.8 million and $11.9 million at December 31, 2002 and 2001, respectively,\\nis presented in the following table:\"},{\"bbox\":[486.2,347.8,529.7,354.7],\"lines\":[{\"bbox\":[486.2,347.8,529.7,354.7],\"text\":\"December 31,\"}],\"order\":22,\"text\":\"December 31,\"},{\"bbox\":[454.3,367.9,469.2,374.6],\"lines\":[{\"bbox\":[454.3,367.9,469.2,374.6],\"text\":\"2002\"}],\"order\":23,\"text\":\"2002\"},{\"bbox\":[546.4,368.2,561.3,375.0],\"lines\":[{\"bbox\":[546.4,368.2,561.3,375.0],\"text\":\"2001\"}],\"order\":24,\"text\":\"2001\"},{\"bbox\":[472.4,388.1,543.0,395.1],\"lines\":[{\"bbox\":[472.4,388.1,543.0,395.1],\"text\":\"(Dollars in thousands)\"}],\"order\":25,\"text\":\"(Dollars in thousands)\"},{\"bbox\":[17.8,408.2,112.4,450.3],\"lines\":[{\"bbox\":[17.9,408.2,66.8,417.2],\"text\":\"Commercial\"},{\"bbox\":[17.9,419.2,112.3,428.4],\"text\":\"Real estate construction\"},{\"bbox\":[17.8,430.1,81.5,439.2],\"text\":\"Real estate term\"},{\"bbox\":[17.8,441.0,98.0,450.2],\"text\":\"Consumer and other\"}],\"order\":26,\"text\":\"Commercial\\nReal estate construction\\nReal estate term\\nConsumer and other\"},{\"bbox\":[421.2,409.8,426.2,418.7],\"lines\":[{\"bbox\":[421.2,409.8,426.2,418.7],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[462.1,409.9,501.8,451.8],\"lines\":[{\"bbox\":[462.3,409.9,501.8,419.0],\"text\":\"1,756,182\"},{\"bbox\":[474.6,421.0,501.7,430.0],\"text\":\"43,178\"},{\"bbox\":[474.5,432.0,501.7,440.9],\"text\":\"56,190\"},{\"bbox\":[469.6,442.9,501.6,451.8],\"text\":\"230,530\"}],\"order\":28,\"text\":\"1,756,182\\n43,178\\n56,190\\n230,530\"},{\"bbox\":[513.4,410.2,518.3,419.0],\"lines\":[{\"bbox\":[513.4,410.2,518.3,419.0],\"text\":\"$\"}],\"order\":29,\"text\":\"$\"},{\"bbox\":[554.3,410.3,594.1,452.2],\"lines\":[{\"bbox\":[554.4,410.3,593.9,419.3],\"text\":\"1,536,845\"},{\"bbox\":[566.9,421.4,594.0,430.4],\"text\":\"52,088\"},{\"bbox\":[566.8,432.3,594.0,441.3],\"text\":\"50,935\"},{\"bbox\":[561.7,443.2,593.8,452.2],\"text\":\"127,170\"}],\"order\":30,\"text\":\"1,536,845\\n52,088\\n50,935\\n127,170\"},{\"bbox\":[17.7,464.0,61.9,473.0],\"lines\":[{\"bbox\":[17.7,464.0,61.9,473.0],\"text\":\"Total loans\"}],\"order\":31,\"text\":\"Total loans\"},{\"bbox\":[421.0,465.6,426.0,474.5],\"lines\":[{\"bbox\":[421.0,465.6,426.0,474.5],\"text\":\"$\"}],\"order\":32,\"text\":\"$\"},{\"bbox\":[462.0,465.7,501.6,474.8],\"lines\":[{\"bbox\":[462.0,465.7,501.6,474.8],\"text\":\"2,086,080\"}],\"order\":33,\"text\":\"2,086,080\"},{\"bbox\":[513.2,466.0,518.1,474.8],\"lines\":[{\"bbox\":[513.2,466.0,518.1,474.8],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[554.2,466.1,593.7,475.1],\"lines\":[{\"bbox\":[554.2,466.1,593.7,475.1],\"text\":\"1,767,038\"}],\"order\":35,\"text\":\"1,767,038\"},{\"bbox\":[17.4,502.4,591.8,535.5],\"lines\":[{\"bbox\":[37.3,502.4,591.8,513.5],\"text\":\"The Company's loan classifications for financial reporting purposes differ from those for regulatory reporting purposes. Loans are classified\"},{\"bbox\":[17.5,513.4,561.6,524.4],\"text\":\"for financial reporting purposes based upon the purpose and primary source of repayment of the loans. Loans are classified for regulatory\"},{\"bbox\":[17.4,524.3,299.2,534.3],\"text\":\"reporting purposes based upon the type of collateral securing the loans.\"}],\"order\":36,\"text\":\"The Company's loan classifications for financial reporting purposes differ from those for regulatory reporting purposes. Loans are classified\\nfor financial reporting purposes based upon the purpose and primary source of repayment of the loans. Loans are classified for regulatory\\nreporting purposes based upon the type of collateral securing the loans.\"},{\"bbox\":[17.2,549.4,589.9,604.4],\"lines\":[{\"bbox\":[37.1,549.5,563.2,560.5],\"text\":\"A substantial percentage of the Company's loans are commercial in nature, and such loans are generally made to emerging growth or\"},{\"bbox\":[17.3,560.3,589.9,571.5],\"text\":\"middle-market companies in a variety of industries. As of December 31, 2002, the Company's software tools and applications industry subsector\"},{\"bbox\":[17.3,571.4,551.4,582.4],\"text\":\"represented 16.2% of total loans, premium wineries industry sector represented 13.2% of total loans, venture capital industry subsector\"},{\"bbox\":[17.2,582.3,550.3,593.3],\"text\":\"represented 11.8% of total loans, and our private banking industry subsector represented 10.3% of total loans. No other industry sector\"},{\"bbox\":[17.2,593.2,279.7,603.1],\"text\":\"represented more than 10.0% of total loans at December 31, 2002.\"}],\"order\":37,\"text\":\"A substantial percentage of the Company's loans are commercial in nature, and such loans are generally made to emerging growth or\\nmiddle-market companies in a variety of industries. As of December 31, 2002, the Company's software tools and applications industry subsector\\nrepresented 16.2% of total loans, premium wineries industry sector represented 13.2% of total loans, venture capital industry subsector\\nrepresented 11.8% of total loans, and our private banking industry subsector represented 10.3% of total loans. No other industry sector\\nrepresented more than 10.0% of total loans at December 31, 2002.\"},{\"bbox\":[36.9,618.4,300.7,628.3],\"lines\":[{\"bbox\":[36.9,618.4,300.7,628.3],\"text\":\"The activity in the allowance for loan losses is summarized below:\"}],\"order\":38,\"text\":\"The activity in the allowance for loan losses is summarized below:\"},{\"bbox\":[400.6,644.4,487.3,651.4],\"lines\":[{\"bbox\":[400.6,644.4,487.3,651.4],\"text\":\"Years Ended December 31,\"}],\"order\":39,\"text\":\"Years Ended December 31,\"},{\"bbox\":[372.9,664.4,387.8,671.2],\"lines\":[{\"bbox\":[372.9,664.4,387.8,671.2],\"text\":\"2002\"}],\"order\":40,\"text\":\"2002\"},{\"bbox\":[436.4,664.7,451.3,671.4],\"lines\":[{\"bbox\":[436.4,664.7,451.3,671.4],\"text\":\"2001\"}],\"order\":41,\"text\":\"2001\"},{\"bbox\":[499.9,664.9,514.8,671.7],\"lines\":[{\"bbox\":[499.9,664.9,514.8,671.7],\"text\":\"2000\"}],\"order\":42,\"text\":\"2000\"},{\"bbox\":[408.5,684.7,479.0,691.7],\"lines\":[{\"bbox\":[408.5,684.7,479.0,691.7],\"text\":\"(Dollars in thousands)\"}],\"order\":43,\"text\":\"(Dollars in thousands)\"},{\"bbox\":[65.5,705.4,163.3,747.5],\"lines\":[{\"bbox\":[65.7,705.4,150.2,714.5],\"text\":\"Balance at January 1,\"},{\"bbox\":[65.6,716.3,163.2,725.5],\"text\":\"Provision for loan losses\"},{\"bbox\":[65.6,727.3,137.5,736.5],\"text\":\"Loans charged off\"},{\"bbox\":[65.5,738.2,109.5,747.3],\"text\":\"Recoveries\"}],\"order\":44,\"text\":\"Balance at January 1,\\nProvision for loan losses\\nLoans charged off\\nRecoveries\"},{\"bbox\":[353.6,706.5,358.5,715.4],\"lines\":[{\"bbox\":[353.6,706.5,358.5,715.4],\"text\":\"$\"}],\"order\":45,\"text\":\"$\"},{\"bbox\":[376.3,706.6,422.0,748.5],\"lines\":[{\"bbox\":[379.7,706.6,422.0,715.6],\"text\":\"72,375 $\"},{\"bbox\":[384.7,717.6,406.9,726.5],\"text\":\"3,882\"},{\"bbox\":[376.4,728.6,410.2,737.6],\"text\":\"(27,932 )\"},{\"bbox\":[379.6,739.5,406.7,748.5],\"text\":\"22,175\"}],\"order\":46,\"text\":\"72,375 $\\n3,882\\n(27,932 )\\n22,175\"},{\"bbox\":[439.8,706.9,485.3,748.8],\"lines\":[{\"bbox\":[443.2,706.9,485.3,715.9],\"text\":\"73,800 $\"},{\"bbox\":[443.1,717.8,470.3,726.8],\"text\":\"16,724\"},{\"bbox\":[439.9,728.8,473.6,737.8],\"text\":\"(38,785 )\"},{\"bbox\":[443.1,739.8,470.2,748.7],\"text\":\"20,636\"}],\"order\":47,\"text\":\"73,800 $\\n16,724\\n(38,785 )\\n20,636\"},{\"bbox\":[503.3,707.1,537.2,749.0],\"lines\":[{\"bbox\":[506.7,707.1,533.8,716.1],\"text\":\"71,800\"},{\"bbox\":[506.6,718.1,533.8,727.0],\"text\":\"54,602\"},{\"bbox\":[503.3,729.1,537.1,738.1],\"text\":\"(63,380 )\"},{\"bbox\":[506.5,740.0,533.7,749.0],\"text\":\"10,778\"}],\"order\":48,\"text\":\"71,800\\n54,602\\n(63,380 )\\n10,778\"},{\"bbox\":[65.5,761.0,164.9,770.3],\"lines\":[{\"bbox\":[65.5,761.0,164.9,770.3],\"text\":\"Balance at December 31,\"}],\"order\":49,\"text\":\"Balance at December 31,\"},{\"bbox\":[353.3,762.2,358.3,771.1],\"lines\":[{\"bbox\":[353.3,762.2,358.3,771.1],\"text\":\"$\"}],\"order\":50,\"text\":\"$\"},{\"bbox\":[379.5,762.3,406.6,771.3],\"lines\":[{\"bbox\":[379.5,762.3,406.6,771.3],\"text\":\"70,500\"}],\"order\":51,\"text\":\"70,500\"},{\"bbox\":[443.0,762.6,470.1,771.5],\"lines\":[{\"bbox\":[443.0,762.6,470.1,771.5],\"text\":\"72,375\"}],\"order\":52,\"text\":\"72,375\"},{\"bbox\":[506.4,762.8,533.6,771.8],\"lines\":[{\"bbox\":[506.4,762.8,533.6,771.8],\"text\":\"73,800\"}],\"order\":53,\"text\":\"73,800\"},{\"bbox\":[416.8,762.4,421.8,771.3],\"lines\":[{\"bbox\":[416.8,762.4,421.8,771.3],\"text\":\"$\"}],\"order\":54,\"text\":\"$\"},{\"bbox\":[480.2,762.7,485.1,771.6],\"lines\":[{\"bbox\":[480.2,762.7,485.1,771.6],\"text\":\"$\"}],\"order\":55,\"text\":\"$\"}],\"doc\":\"fintabnet:SIVB_2002\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"2002\\n\\n2001\\n\\n2000\\n\\n(Dollars in thousands)\\n\\nGross gains on investment securities\\nGross losses on investment securities\\n\\n$\\n\\n942\\n10,767\\n\\nNet (losses) gains on investment securities(1)\\n\\n$\\n\\n(9,825 ) $\\n\\n(1)\\n\\n$\\n\\n1,128\\n13,501\\n\\n$\\n\\n37,215\\n150\\n\\n(12,373 ) $\\n\\n37,065\\n\\nNet (losses) gains on investment securities included $(5.7) million and $(3.0) million related to the Company's fund of funds, SVB Strategic Investors Fund, L.P., for the years ended\\nDecember 31, 2002 and 2001, respectively. The Company has a controlling ownership interest of 11.1% in the fund. In addition, net gains (losses) on investment securities included\\n$(0.7) million and $(3.5) million related to the Company's venture capital fund, Silicon Valley BancVentures, L.P., for the years ended December 31, 2002 and 2001, respectively.\\nThe Company has a controlling ownership interest of 10.7% in the fund. Excluding the minority interest owned portions of SVB Strategic Investors Fund, L.P. and Silicon Valley\\nBancVentures, L.P., the Company has net (losses) gains on investment securities of $(4.1) million and $(6.6) million for the years ended December 31, 2002, and 2001, respectively.\\n\\nWarrant gains totaled $1.7 million, $8.5 million, and $86.3 million in 2002, 2001, and 2000, respectively.\\n\\n83\\n\\n7. Loans and the Allowance for Loan Losses\\n\\nThe detailed composition of loans, net of unearned income of $11.8 million and $11.9 million at December 31, 2002 and 2001, respectively,\\nis presented in the following table:\\n\\nDecember 31,\\n\\n2002\\n\\n2001\\n\\n(Dollars in thousands)\\n\\nCommercial\\nReal estate construction\\nReal estate term\\nConsumer and other\\n\\n$\\n\\n1,756,182\\n43,178\\n56,190\\n230,530\\n\\n$\\n\\n1,536,845\\n52,088\\n50,935\\n127,170\\n\\nTotal loans\\n\\n$\\n\\n2,086,080\\n\\n$\\n\\n1,767,038\\n\\nThe Company's loan classifications for financial reporting purposes differ from those for regulatory reporting purposes. Loans are classified\\nfor financial reporting purposes based upon the purpose and primary source of repayment of the loans. Loans are classified for regulatory\\nreporting purposes based upon the type of collateral securing the loans.\\n\\nA substantial percentage of the Company's loans are commercial in nature, and such loans are generally made to emerging growth or\\nmiddle-market companies in a variety of industries. As of December 31, 2002, the Company's software tools and applications industry subsector\\nrepresented 16.2% of total loans, premium wineries industry sector represented 13.2% of total loans, venture capital industry subsector\\nrepresented 11.8% of total loans, and our private banking industry subsector represented 10.3% of total loans. No other industry sector\\nrepresented more than 10.0% of total loans at December 31, 2002.\\n\\nThe activity in the allowance for loan losses is summarized below:\\n\\nYears Ended December 31,\\n\\n2002\\n\\n2001\\n\\n2000\\n\\n(Dollars in thousands)\\n\\nBalance at January 1,\\nProvision for loan losses\\nLoans charged off\\nRecoveries\\n\\n$\\n\\n72,375 $\\n3,882\\n(27,932 )\\n22,175\\n\\n73,800 $\\n16,724\\n(38,785 )\\n20,636\\n\\n71,800\\n54,602\\n(63,380 )\\n10,778\\n\\nBalance at December 31,\\n\\n$\\n\\n70,500\\n\\n72,375\\n\\n73,800\\n\\n$\\n\\n$\",\"name\":\"fintabnet.SIVB_2002_page_65__72dpi_mild\",\"page_id\":\"fintabnet.SIVB_2002_page_65\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.231,\"source\":\"fintabnet\",\"source_id\":\"SIVB_2002_page_65\",\"stack\":[{\"deg\":-0.231,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.357},{\"op\":\"noise\",\"sigma\":2.469},{\"op\":\"jpeg\",\"q\":70}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[65.4,640.3,537.5,772.4],\"block_orders\":[39,40,41,42,43,44,45,46,47,48,49,50,51,52,53,54,55],\"cells\":null}],\"text\":\"2002\\n\\n2001\\n\\n2000\\n\\n(Dollars in thousands)\\n\\nGross gains on investment securities\\nGross losses on investment securities\\n\\n$\\n\\n942\\n10,767\\n\\nNet (losses) gains on investment securities(1)\\n\\n$\\n\\n(9,825 ) $\\n\\n(1)\\n\\n$\\n\\n1,128\\n13,501\\n\\n$\\n\\n37,215\\n150\\n\\n(12,373 ) $\\n\\n37,065\\n\\nNet (losses) gains on investment securities included $(5.7) million and $(3.0) million related to the Company's fund of funds, SVB Strategic Investors Fund, L.P., for the years ended\\nDecember 31, 2002 and 2001, respectively. The Company has a controlling ownership interest of 11.1% in the fund. In addition, net gains (losses) on investment securities included\\n$(0.7) million and $(3.5) million related to the Company's venture capital fund, Silicon Valley BancVentures, L.P., for the years ended December 31, 2002 and 2001, respectively.\\nThe Company has a controlling ownership interest of 10.7% in the fund. Excluding the minority interest owned portions of SVB Strategic Investors Fund, L.P. and Silicon Valley\\nBancVentures, L.P., the Company has net (losses) gains on investment securities of $(4.1) million and $(6.6) million for the years ended December 31, 2002, and 2001, respectively.\\n\\nWarrant gains totaled $1.7 million, $8.5 million, and $86.3 million in 2002, 2001, and 2000, respectively.\\n\\n83\\n\\n7. Loans and the Allowance for Loan Losses\\n\\nThe detailed composition of loans, net of unearned income of $11.8 million and $11.9 million at December 31, 2002 and 2001, respectively,\\nis presented in the following table:\\n\\nDecember 31,\\n\\n2002\\n\\n2001\\n\\n(Dollars in thousands)\\n\\nCommercial\\nReal estate construction\\nReal estate term\\nConsumer and other\\n\\n$\\n\\n1,756,182\\n43,178\\n56,190\\n230,530\\n\\n$\\n\\n1,536,845\\n52,088\\n50,935\\n127,170\\n\\nTotal loans\\n\\n$\\n\\n2,086,080\\n\\n$\\n\\n1,767,038\\n\\nThe Company's loan classifications for financial reporting purposes differ from those for regulatory reporting purposes. Loans are classified\\nfor financial reporting purposes based upon the purpose and primary source of repayment of the loans. Loans are classified for regulatory\\nreporting purposes based upon the type of collateral securing the loans.\\n\\nA substantial percentage of the Company's loans are commercial in nature, and such loans are generally made to emerging growth or\\nmiddle-market companies in a variety of industries. As of December 31, 2002, the Company's software tools and applications industry subsector\\nrepresented 16.2% of total loans, premium wineries industry sector represented 13.2% of total loans, venture capital industry subsector\\nrepresented 11.8% of total loans, and our private banking industry subsector represented 10.3% of total loans. No other industry sector\\nrepresented more than 10.0% of total loans at December 31, 2002.\\n\\nThe activity in the allowance for loan losses is summarized below:\\n\\nYears Ended December 31,\\n\\n2002\\n\\n2001\\n\\n2000\\n\\n(Dollars in thousands)\\n\\nBalance at January 1,\\nProvision for loan losses\\nLoans charged off\\nRecoveries\\n\\n$\\n\\n72,375 $\\n3,882\\n(27,932 )\\n22,175\\n\\n73,800 $\\n16,724\\n(38,785 )\\n20,636\\n\\n71,800\\n54,602\\n(63,380 )\\n10,778\\n\\nBalance at December 31,\\n\\n$\\n\\n70,500\\n\\n72,375\\n\\n73,800\\n\\n$\\n\\n$\"},\"name\":\"fintabnet.SIVB_2002_page_65__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":63476,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:SIVB_2002\",\"dpi\":72,\"gt_sha256\":\"e3ef6d29f8350513e92a56083d9c40cc0d86b450aed06fabfcd9281ee6226932\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SIVB_2002_page_65__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.SIVB_2002_page_65\",\"pdf_sha256\":\"2cc520e80b9908d59ea4ceab79083cb61708bf6455b6f70ef66b1e75faaee6af\",\"px\":[612,792],\"scan\":{\"render\":\"000a7014603f7ffe000078007000000ee00f401f7ffefffe7e000038303c203c\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"SIVB_2002_page_65\",\"src\":{\"file_sha256\":\"4c9c62fc0b80ec34684152c75bf4f7069490bda35c4061e217e274bf0206c3ff\",\"render\":\"00007014603f7ffe000078007000001ee00f401f7ffcfffe7e00003c307c203c\",\"text\":\"ecb62e72ae18660e28c5df43dbdbb75e9622848d9a7c728f6973bf0279e88a4e\"},\"stack\":[{\"deg\":-0.231,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.357},{\"op\":\"noise\",\"sigma\":2.469},{\"op\":\"jpeg\",\"q\":70}],\"tools\":\"21647cade0ee\"},\"sha256\":\"2cc520e80b9908d59ea4ceab79083cb61708bf6455b6f70ef66b1e75faaee6af\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/2cc520e80b9908d59ea4ceab79083cb61708bf6455b6f70ef66b1e75faaee6af.pdf","asset_sha256":"2cc520e80b9908d59ea4ceab79083cb61708bf6455b6f70ef66b1e75faaee6af","document_id":"fintabnet:SIVB_2002","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SIVB_2002_page_65\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SIVB_2009_page_167\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SIVB_2009\",\"ground_truth\":{\"blocks\":[{\"bbox\":[31.3,56.1,126.4,68.6],\"lines\":[{\"bbox\":[31.3,56.1,126.4,68.6],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[296.5,91.3,564.7,106.0],\"lines\":[{\"bbox\":[296.5,91.3,564.7,106.0],\"text\":\"SVB FINANCIAL GROUP AND SUBSIDIARIES\"}],\"order\":1,\"text\":\"SVB FINANCIAL GROUP AND SUBSIDIARIES\"},{\"bbox\":[211.7,109.6,649.0,126.6],\"lines\":[{\"bbox\":[211.7,109.6,649.0,126.6],\"text\":\"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"}],\"order\":2,\"text\":\"NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"},{\"bbox\":[29.9,131.6,817.0,180.8],\"lines\":[{\"bbox\":[30.3,131.6,817.0,153.1],\"text\":\"the fund investment’s net asset value by using the most recent available financial information from the investee general partner, for example September 30th,\"},{\"bbox\":[30.1,145.4,778.9,166.5],\"text\":\"for our December 31st consolidated financial statements, adjusted for any contributions paid during the fourth quarter, distributions received from the\"},{\"bbox\":[29.9,159.3,462.1,176.2],\"text\":\"investment during the fourth quarter, or significant fund transactions or market events.\"}],\"order\":3,\"text\":\"the fund investment’s net asset value by using the most recent available financial information from the investee general partner, for example September 30th,\\nfor our December 31st consolidated financial statements, adjusted for any contributions paid during the fourth quarter, distributions received from the\\ninvestment during the fourth quarter, or significant fund transactions or market events.\"},{\"bbox\":[29.4,184.4,819.5,219.8],\"lines\":[{\"bbox\":[61.6,184.9,819.5,206.0],\"text\":\"The following table is a summary of the estimated fair values and remaining unfunded commitments for each major category of these investments as of\"},{\"bbox\":[29.4,198.3,131.2,210.9],\"text\":\"December 31, 2009:\"}],\"order\":4,\"text\":\"The following table is a summary of the estimated fair values and remaining unfunded commitments for each major category of these investments as of\\nDecember 31, 2009:\"},{\"bbox\":[29.1,222.9,118.3,232.5],\"lines\":[{\"bbox\":[29.1,222.9,118.3,232.5],\"text\":\"(Dollars in thousands)\"}],\"order\":5,\"text\":\"(Dollars in thousands)\"},{\"bbox\":[27.8,234.8,387.8,335.7],\"lines\":[{\"bbox\":[28.9,234.8,387.8,250.7],\"text\":\"Non-marketable securities (investment company fair value accounting):\"},{\"bbox\":[43.7,248.8,220.2,262.3],\"text\":\"Private equity fund investments (1)\"},{\"bbox\":[28.6,262.6,304.8,277.5],\"text\":\"Non-marketable securities (equity method accounting):\"},{\"bbox\":[43.4,276.6,152.5,289.3],\"text\":\"Other investments (2)\"},{\"bbox\":[28.2,290.3,293.5,305.0],\"text\":\"Non-marketable securities (cost method accounting):\"},{\"bbox\":[43.0,304.3,219.5,317.8],\"text\":\"Private equity fund investments (3)\"},{\"bbox\":[27.8,319.8,54.3,331.4],\"text\":\"Total\"}],\"order\":6,\"text\":\"Non-marketable securities (investment company fair value accounting):\\nPrivate equity fund investments (1)\\nNon-marketable securities (equity method accounting):\\nOther investments (2)\\nNon-marketable securities (cost method accounting):\\nPrivate equity fund investments (3)\\nTotal\"},{\"bbox\":[27.4,348.3,42.1,359.7],\"lines\":[{\"bbox\":[27.4,348.3,42.1,359.7],\"text\":\"(1)\"}],\"order\":7,\"text\":\"(1)\"},{\"bbox\":[26.2,445.1,40.8,456.5],\"lines\":[{\"bbox\":[26.2,445.1,40.8,456.5],\"text\":\"(2)\"}],\"order\":8,\"text\":\"(2)\"},{\"bbox\":[25.6,486.6,40.3,498.0],\"lines\":[{\"bbox\":[25.6,486.6,40.3,498.0],\"text\":\"(3)\"}],\"order\":9,\"text\":\"(3)\"},{\"bbox\":[688.4,231.5,731.6,240.5],\"lines\":[{\"bbox\":[688.4,231.5,731.6,240.5],\"text\":\"Fair Value\"}],\"order\":10,\"text\":\"Fair Value\"},{\"bbox\":[769.4,222.1,826.6,241.7],\"lines\":[{\"bbox\":[778.0,222.2,818.3,231.1],\"text\":\"Unfunded\"},{\"bbox\":[769.4,232.6,826.5,241.7],\"text\":\"Commitments\"}],\"order\":11,\"text\":\"Unfunded\\nCommitments\"},{\"bbox\":[684.4,257.2,734.9,269.1],\"lines\":[{\"bbox\":[684.4,257.2,734.9,269.1],\"text\":\"$ 271,316\"}],\"order\":12,\"text\":\"$ 271,316\"},{\"bbox\":[766.9,258.2,773.2,269.6],\"lines\":[{\"bbox\":[766.9,258.2,773.2,269.6],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[700.2,285.2,734.5,296.9],\"lines\":[{\"bbox\":[700.2,285.2,734.5,296.9],\"text\":\"56,242\"}],\"order\":14,\"text\":\"56,242\"},{\"bbox\":[683.4,312.6,734.2,340.2],\"lines\":[{\"bbox\":[699.8,312.9,734.2,324.6],\"text\":\"81,015\"},{\"bbox\":[683.4,328.3,734.0,340.2],\"text\":\"$ 408,573\"}],\"order\":15,\"text\":\"81,015\\n$ 408,573\"},{\"bbox\":[787.7,258.5,828.4,270.3],\"lines\":[{\"bbox\":[787.7,258.5,828.4,270.3],\"text\":\"362,730\"}],\"order\":16,\"text\":\"362,730\"},{\"bbox\":[793.7,286.4,828.0,298.1],\"lines\":[{\"bbox\":[793.7,286.4,828.0,298.1],\"text\":\"26,040\"}],\"order\":17,\"text\":\"26,040\"},{\"bbox\":[765.9,329.4,772.3,340.7],\"lines\":[{\"bbox\":[765.9,329.4,772.3,340.7],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[786.8,314.0,827.7,341.4],\"lines\":[{\"bbox\":[787.0,314.0,827.7,325.8],\"text\":\"187,361\"},{\"bbox\":[786.8,329.7,827.5,341.4],\"text\":\"576,131\"}],\"order\":19,\"text\":\"187,361\\n576,131\"},{\"bbox\":[56.9,348.7,825.6,563.6],\"lines\":[{\"bbox\":[59.4,348.7,825.6,369.9],\"text\":\"Private equity fund investments within non-marketable securities (investment company fair value accounting) include investments made by our managed\"},{\"bbox\":[59.3,362.5,814.2,383.6],\"text\":\"funds of funds including SVB Strategic Investors Fund, LP, SVB Strategic Investors Fund II, LP, SVB Strategic Investors Fund III, LP, SVB Strategic\"},{\"bbox\":[59.1,376.3,814.4,397.4],\"text\":\"Investors Fund IV, LP, SVB Capital – NT Growth Partners, LP, and SVB Capital Preferred Return Fund, LP. These investments represent investments\"},{\"bbox\":[58.9,390.2,822.2,411.4],\"text\":\"in private equity and venture capital funds that invest primarily in U.S. and global technology and life sciences companies. Included in the fair value and\"},{\"bbox\":[58.7,404.0,789.6,424.8],\"text\":\"unfunded commitments of fund investments under investment company fair value accounting are $232.2 million and $336.0 million, respectively,\"},{\"bbox\":[58.5,417.8,810.5,438.9],\"text\":\"attributable to noncontrolling interests. It is estimated that the underlying assets of the fund will be liquidated over the next 10 years, depending on the\"},{\"bbox\":[58.4,431.7,136.8,443.9],\"text\":\"age of the fund.\"},{\"bbox\":[58.2,445.5,820.4,466.7],\"text\":\"Other investments within non-marketable securities (equity method accounting) include investments in debt funds and private equity and venture capital\"},{\"bbox\":[58.0,459.3,805.2,480.3],\"text\":\"fund investments that invest in or lend money to primarily U.S. and global technology and life sciences companies. It is estimated that the underlying\"},{\"bbox\":[57.8,473.2,523.0,490.5],\"text\":\"assets of the fund will be liquidated over the next 10 years, depending on the age of the fund.\"},{\"bbox\":[57.6,487.0,799.5,507.9],\"text\":\"Private equity fund investments within non-marketable securities (cost method accounting) include investments in private equity and venture capital\"},{\"bbox\":[57.5,500.8,802.2,521.8],\"text\":\"fund investments that invest primarily in U.S. and global technology and life sciences companies. Included in the $187.4 million is $162.1 million of\"},{\"bbox\":[57.3,514.7,808.2,535.7],\"text\":\"commitments made by SVB Financial on behalf of certain new managed funds of funds that we have formed or plan to form in the future, which have\"},{\"bbox\":[57.1,528.5,797.2,549.4],\"text\":\"not been funded or called. It is estimated that the underlying assets of the fund will be liquidated over the next 10 years, depending on the age of the\"},{\"bbox\":[56.9,542.3,83.0,553.9],\"text\":\"fund.\"}],\"order\":20,\"text\":\"Private equity fund investments within non-marketable securities (investment company fair value accounting) include investments made by our managed\\nfunds of funds including SVB Strategic Investors Fund, LP, SVB Strategic Investors Fund II, LP, SVB Strategic Investors Fund III, LP, SVB Strategic\\nInvestors Fund IV, LP, SVB Capital – NT Growth Partners, LP, and SVB Capital Preferred Return Fund, LP. These investments represent investments\\nin private equity and venture capital funds that invest primarily in U.S. and global technology and life sciences companies. Included in the fair value and\\nunfunded commitments of fund investments under investment company fair value accounting are $232.2 million and $336.0 million, respectively,\\nattributable to noncontrolling interests. It is estimated that the underlying assets of the fund will be liquidated over the next 10 years, depending on the\\nage of the fund.\\nOther investments within non-marketable securities (equity method accounting) include investments in debt funds and private equity and venture capital\\nfund investments that invest in or lend money to primarily U.S. and global technology and life sciences companies. It is estimated that the underlying\\nassets of the fund will be liquidated over the next 10 years, depending on the age of the fund.\\nPrivate equity fund investments within non-marketable securities (cost method accounting) include investments in private equity and venture capital\\nfund investments that invest primarily in U.S. and global technology and life sciences companies. Included in the $187.4 million is $162.1 million of\\ncommitments made by SVB Financial on behalf of certain new managed funds of funds that we have formed or plan to form in the future, which have\\nnot been funded or called. It is estimated that the underlying assets of the fund will be liquidated over the next 10 years, depending on the age of the\\nfund.\"},{\"bbox\":[24.6,567.1,148.6,579.9],\"lines\":[{\"bbox\":[24.6,567.1,148.6,579.9],\"text\":\"20. Regulatory Matters\"}],\"order\":21,\"text\":\"20. Regulatory Matters\"},{\"bbox\":[23.5,592.2,808.6,669.0],\"lines\":[{\"bbox\":[56.3,592.7,774.9,613.3],\"text\":\"The Company and the Bank are subject to various regulatory capital adequacy requirements administered by the Federal Reserve Board and the\"},{\"bbox\":[24.1,606.1,808.4,627.5],\"text\":\"California Department of Financial Institutions (“DFI”). The Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) required that the\"},{\"bbox\":[23.9,619.9,787.9,641.1],\"text\":\"federal regulatory agencies adopt regulations defining five capital tiers for banks: well capitalized, adequately capitalized, undercapitalized, significantly\"},{\"bbox\":[23.7,633.7,770.3,654.7],\"text\":\"undercapitalized and critically undercapitalized. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional\"},{\"bbox\":[23.5,647.6,674.8,667.3],\"text\":\"discretionary actions by regulators that, if undertaken, could have a direct material effect on our consolidated financial statements.\"}],\"order\":22,\"text\":\"The Company and the Bank are subject to various regulatory capital adequacy requirements administered by the Federal Reserve Board and the\\nCalifornia Department of Financial Institutions (“DFI”). The Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) required that the\\nfederal regulatory agencies adopt regulations defining five capital tiers for banks: well capitalized, adequately capitalized, undercapitalized, significantly\\nundercapitalized and critically undercapitalized. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional\\ndiscretionary actions by regulators that, if undertaken, could have a direct material effect on our consolidated financial statements.\"},{\"bbox\":[413.7,677.0,432.6,688.5],\"lines\":[{\"bbox\":[413.7,677.0,432.6,688.5],\"text\":\"165\"}],\"order\":23,\"text\":\"165\"}],\"doc\":\"fintabnet:SIVB_2009\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nSVB FINANCIAL GROUP AND SUBSIDIARIES\\n\\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nthe fund investment’s net asset value by using the most recent available financial information from the investee general partner, for example September 30th,\\nfor our December 31st consolidated financial statements, adjusted for any contributions paid during the fourth quarter, distributions received from the\\ninvestment during the fourth quarter, or significant fund transactions or market events.\\n\\nThe following table is a summary of the estimated fair values and remaining unfunded commitments for each major category of these investments as of\\nDecember 31, 2009:\\n\\n(Dollars in thousands)\\n\\nNon-marketable securities (investment company fair value accounting):\\nPrivate equity fund investments (1)\\nNon-marketable securities (equity method accounting):\\nOther investments (2)\\nNon-marketable securities (cost method accounting):\\nPrivate equity fund investments (3)\\nTotal\\n\\n(1)\\n\\n(2)\\n\\n(3)\\n\\nFair Value\\n\\nUnfunded\\nCommitments\\n\\n$ 271,316\\n\\n$\\n\\n56,242\\n\\n81,015\\n$ 408,573\\n\\n362,730\\n\\n26,040\\n\\n$\\n\\n187,361\\n576,131\\n\\nPrivate equity fund investments within non-marketable securities (investment company fair value accounting) include investments made by our managed\\nfunds of funds including SVB Strategic Investors Fund, LP, SVB Strategic Investors Fund II, LP, SVB Strategic Investors Fund III, LP, SVB Strategic\\nInvestors Fund IV, LP, SVB Capital – NT Growth Partners, LP, and SVB Capital Preferred Return Fund, LP. These investments represent investments\\nin private equity and venture capital funds that invest primarily in U.S. and global technology and life sciences companies. Included in the fair value and\\nunfunded commitments of fund investments under investment company fair value accounting are $232.2 million and $336.0 million, respectively,\\nattributable to noncontrolling interests. It is estimated that the underlying assets of the fund will be liquidated over the next 10 years, depending on the\\nage of the fund.\\nOther investments within non-marketable securities (equity method accounting) include investments in debt funds and private equity and venture capital\\nfund investments that invest in or lend money to primarily U.S. and global technology and life sciences companies. It is estimated that the underlying\\nassets of the fund will be liquidated over the next 10 years, depending on the age of the fund.\\nPrivate equity fund investments within non-marketable securities (cost method accounting) include investments in private equity and venture capital\\nfund investments that invest primarily in U.S. and global technology and life sciences companies. Included in the $187.4 million is $162.1 million of\\ncommitments made by SVB Financial on behalf of certain new managed funds of funds that we have formed or plan to form in the future, which have\\nnot been funded or called. It is estimated that the underlying assets of the fund will be liquidated over the next 10 years, depending on the age of the\\nfund.\\n\\n20. Regulatory Matters\\n\\nThe Company and the Bank are subject to various regulatory capital adequacy requirements administered by the Federal Reserve Board and the\\nCalifornia Department of Financial Institutions (“DFI”). The Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) required that the\\nfederal regulatory agencies adopt regulations defining five capital tiers for banks: well capitalized, adequately capitalized, undercapitalized, significantly\\nundercapitalized and critically undercapitalized. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional\\ndiscretionary actions by regulators that, if undertaken, could have a direct material effect on our consolidated financial statements.\\n\\n165\",\"name\":\"fintabnet.SIVB_2009_page_167__100dpi_mild\",\"page_id\":\"fintabnet.SIVB_2009_page_167\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.747,\"source\":\"fintabnet\",\"source_id\":\"SIVB_2009_page_167\",\"stack\":[{\"deg\":-0.747,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":2.171},{\"op\":\"jpeg\",\"q\":84}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[27.8,209.1,828.9,342.2],\"block_orders\":[5,6,10,11,12,13,14,15,16,17,18,19],\"cells\":null}],\"text\":\"Table of Contents\\n\\nSVB FINANCIAL GROUP AND SUBSIDIARIES\\n\\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nthe fund investment’s net asset value by using the most recent available financial information from the investee general partner, for example September 30th,\\nfor our December 31st consolidated financial statements, adjusted for any contributions paid during the fourth quarter, distributions received from the\\ninvestment during the fourth quarter, or significant fund transactions or market events.\\n\\nThe following table is a summary of the estimated fair values and remaining unfunded commitments for each major category of these investments as of\\nDecember 31, 2009:\\n\\n(Dollars in thousands)\\n\\nNon-marketable securities (investment company fair value accounting):\\nPrivate equity fund investments (1)\\nNon-marketable securities (equity method accounting):\\nOther investments (2)\\nNon-marketable securities (cost method accounting):\\nPrivate equity fund investments (3)\\nTotal\\n\\n(1)\\n\\n(2)\\n\\n(3)\\n\\nFair Value\\n\\nUnfunded\\nCommitments\\n\\n$ 271,316\\n\\n$\\n\\n56,242\\n\\n81,015\\n$ 408,573\\n\\n362,730\\n\\n26,040\\n\\n$\\n\\n187,361\\n576,131\\n\\nPrivate equity fund investments within non-marketable securities (investment company fair value accounting) include investments made by our managed\\nfunds of funds including SVB Strategic Investors Fund, LP, SVB Strategic Investors Fund II, LP, SVB Strategic Investors Fund III, LP, SVB Strategic\\nInvestors Fund IV, LP, SVB Capital – NT Growth Partners, LP, and SVB Capital Preferred Return Fund, LP. These investments represent investments\\nin private equity and venture capital funds that invest primarily in U.S. and global technology and life sciences companies. Included in the fair value and\\nunfunded commitments of fund investments under investment company fair value accounting are $232.2 million and $336.0 million, respectively,\\nattributable to noncontrolling interests. It is estimated that the underlying assets of the fund will be liquidated over the next 10 years, depending on the\\nage of the fund.\\nOther investments within non-marketable securities (equity method accounting) include investments in debt funds and private equity and venture capital\\nfund investments that invest in or lend money to primarily U.S. and global technology and life sciences companies. It is estimated that the underlying\\nassets of the fund will be liquidated over the next 10 years, depending on the age of the fund.\\nPrivate equity fund investments within non-marketable securities (cost method accounting) include investments in private equity and venture capital\\nfund investments that invest primarily in U.S. and global technology and life sciences companies. Included in the $187.4 million is $162.1 million of\\ncommitments made by SVB Financial on behalf of certain new managed funds of funds that we have formed or plan to form in the future, which have\\nnot been funded or called. It is estimated that the underlying assets of the fund will be liquidated over the next 10 years, depending on the age of the\\nfund.\\n\\n20. Regulatory Matters\\n\\nThe Company and the Bank are subject to various regulatory capital adequacy requirements administered by the Federal Reserve Board and the\\nCalifornia Department of Financial Institutions (“DFI”). The Federal Deposit Insurance Corporation Improvement Act of 1991 (“FDICIA”) required that the\\nfederal regulatory agencies adopt regulations defining five capital tiers for banks: well capitalized, adequately capitalized, undercapitalized, significantly\\nundercapitalized and critically undercapitalized. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional\\ndiscretionary actions by regulators that, if undertaken, could have a direct material effect on our consolidated financial statements.\\n\\n165\"},\"name\":\"fintabnet.SIVB_2009_page_167__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":176319,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:SIVB_2009\",\"dpi\":100,\"gt_sha256\":\"8f16dd415379979a051bbd611650c3526cf72ea836b5ca15b7b50af81bda0eee\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SIVB_2009_page_167__100dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.SIVB_2009_page_167\",\"pdf_sha256\":\"c867f143cf268f71d870deb092db31afb81091290339ce8198262c4c57c63adb\",\"px\":[850,1100],\"scan\":{\"render\":\"000003e07ffefe07fc0f7fff7ffe7ffe7b007ffe000000000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"SIVB_2009_page_167\",\"src\":{\"file_sha256\":\"16c72893798006a3932fc150b66754652a1319895565fd62155880d7f44c22c7\",\"render\":\"000003c07ffefffffc0f7ffe7ffe7ffe7bec7ffc000000000000000000000000\",\"text\":\"04ceb8cbbc5b2c33b8a9ede536ac81fe2089c991aaf03fc213a45d2989d963a6\"},\"stack\":[{\"deg\":-0.747,\"op\":\"skew\"},{\"op\":\"noise\",\"sigma\":2.171},{\"op\":\"jpeg\",\"q\":84}],\"tools\":\"21647cade0ee\"},\"sha256\":\"c867f143cf268f71d870deb092db31afb81091290339ce8198262c4c57c63adb\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/c867f143cf268f71d870deb092db31afb81091290339ce8198262c4c57c63adb.pdf","asset_sha256":"c867f143cf268f71d870deb092db31afb81091290339ce8198262c4c57c63adb","document_id":"fintabnet:SIVB_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SIVB_2009_page_167\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SLG_2011_page_91\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SLG_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[183.3,65.4,555.9,84.8],\"lines\":[{\"bbox\":[183.3,65.4,555.9,84.8],\"text\":\"Notes to Consolidated Financial Statements\"}],\"order\":0,\"text\":\"Notes to Consolidated Financial Statements\"},{\"bbox\":[1184.4,65.4,1550.0,84.8],\"lines\":[{\"bbox\":[1184.4,65.4,1550.0,84.8],\"text\":\"SL Green Realty Corp. 2011 Annual Report\"}],\"order\":1,\"text\":\"SL Green Realty Corp. 2011 Annual Report\"},{\"bbox\":[183.3,165.2,824.5,187.6],\"lines\":[{\"bbox\":[183.3,165.2,824.5,187.6],\"text\":\"Plan were granted to certain employees, including our executives\"}],\"order\":2,\"text\":\"Plan were granted to certain employees, including our executives\"},{\"bbox\":[891.7,165.2,1541.1,187.6],\"lines\":[{\"bbox\":[891.7,165.2,1541.1,187.6],\"text\":\"year), 20% of the total value was amortized over six years (16.67%\"}],\"order\":3,\"text\":\"year), 20% of the total value was amortized over six years (16.67%\"},{\"bbox\":[183.3,198.5,808.8,221.0],\"lines\":[{\"bbox\":[183.3,198.5,808.8,221.0],\"text\":\"and vesting will occur annually upon the completion of a service\"}],\"order\":4,\"text\":\"and vesting will occur annually upon the completion of a service\"},{\"bbox\":[891.7,198.5,1503.0,221.0],\"lines\":[{\"bbox\":[891.7,198.5,1503.0,221.0],\"text\":\"per year) and 20% of the total value was amortized over seven\"}],\"order\":5,\"text\":\"per year) and 20% of the total value was amortized over seven\"},{\"bbox\":[183.3,231.9,822.3,254.3],\"lines\":[{\"bbox\":[183.3,231.9,822.3,254.3],\"text\":\"period or our meeting established financial performance criteria.\"}],\"order\":6,\"text\":\"period or our meeting established financial performance criteria.\"},{\"bbox\":[891.7,231.9,1521.2,254.3],\"lines\":[{\"bbox\":[891.7,231.9,1521.2,254.3],\"text\":\"years (14.29% per year). We recorded compensation expense of\"}],\"order\":7,\"text\":\"years (14.29% per year). We recorded compensation expense of\"},{\"bbox\":[183.3,265.2,831.7,287.6],\"lines\":[{\"bbox\":[183.3,265.2,831.7,287.6],\"text\":\"Annual vesting occurs at rates ranging from 15% to 35% once per-\"}],\"order\":8,\"text\":\"Annual vesting occurs at rates ranging from 15% to 35% once per-\"},{\"bbox\":[891.7,265.2,1550.0,287.6],\"lines\":[{\"bbox\":[891.7,265.2,1550.0,287.6],\"text\":\"$23,000 and $0.1 million related to this plan during the years ended\"}],\"order\":9,\"text\":\"$23,000 and $0.1 million related to this plan during the years ended\"},{\"bbox\":[183.3,298.5,823.9,321.0],\"lines\":[{\"bbox\":[183.3,298.5,823.9,321.0],\"text\":\"formance criteria are reached. A summary of our restricted stock\"}],\"order\":10,\"text\":\"formance criteria are reached. A summary of our restricted stock\"},{\"bbox\":[891.7,298.5,1532.8,321.0],\"lines\":[{\"bbox\":[891.7,298.5,1532.8,321.0],\"text\":\"December 31, 2010 and 2009, respectively. The cost of the 2003\"}],\"order\":11,\"text\":\"December 31, 2010 and 2009, respectively. The cost of the 2003\"},{\"bbox\":[183.3,331.9,822.9,354.3],\"lines\":[{\"bbox\":[183.3,331.9,822.9,354.3],\"text\":\"as of December 31, 2011, 2010 and 2009 and charges during the\"}],\"order\":12,\"text\":\"as of December 31, 2011, 2010 and 2009 and charges during the\"},{\"bbox\":[891.7,331.9,1550.0,354.3],\"lines\":[{\"bbox\":[891.7,331.9,1550.0,354.3],\"text\":\"Outperformance Plan had been fully expensed as of March 31, 2010.\"}],\"order\":13,\"text\":\"Outperformance Plan had been fully expensed as of March 31, 2010.\"},{\"bbox\":[183.3,365.2,566.2,387.6],\"lines\":[{\"bbox\":[183.3,365.2,566.2,387.6],\"text\":\"years then ended are presented below:\"}],\"order\":14,\"text\":\"years then ended are presented below:\"},{\"bbox\":[891.7,398.8,1490.9,420.9],\"lines\":[{\"bbox\":[891.7,398.8,1490.9,420.9],\"text\":\"2005 Long- Term Outperformance Compensation Program\"}],\"order\":15,\"text\":\"2005 Long- Term Outperformance Compensation Program\"},{\"bbox\":[493.6,414.8,541.7,435.3],\"lines\":[{\"bbox\":[493.6,414.8,541.7,435.3],\"text\":\"2011\"}],\"order\":16,\"text\":\"2011\"},{\"bbox\":[643.6,414.5,691.7,435.4],\"lines\":[{\"bbox\":[643.6,414.5,691.7,435.4],\"text\":\"2010\"}],\"order\":17,\"text\":\"2010\"},{\"bbox\":[791.9,414.5,841.7,435.4],\"lines\":[{\"bbox\":[791.9,414.5,841.7,435.4],\"text\":\"2009\"}],\"order\":18,\"text\":\"2009\"},{\"bbox\":[443.2,473.9,541.7,495.9],\"lines\":[{\"bbox\":[443.2,473.9,541.7,495.9],\"text\":\"2,728,290\"}],\"order\":19,\"text\":\"2,728,290\"},{\"bbox\":[593.8,473.6,691.7,496.0],\"lines\":[{\"bbox\":[593.8,473.6,691.7,496.0],\"text\":\"2,330,532\"}],\"order\":20,\"text\":\"2,330,532\"},{\"bbox\":[743.8,473.6,841.7,496.0],\"lines\":[{\"bbox\":[743.8,473.6,841.7,496.0],\"text\":\"1,824,190\"}],\"order\":21,\"text\":\"1,824,190\"},{\"bbox\":[891.7,465.2,1465.8,487.6],\"lines\":[{\"bbox\":[891.7,465.2,1465.8,487.6],\"text\":\"of directors approved a long- term incentive compensation\"}],\"order\":22,\"text\":\"of directors approved a long- term incentive compensation\"},{\"bbox\":[183.3,507.5,263.3,529.9],\"lines\":[{\"bbox\":[183.3,507.5,263.3,529.9],\"text\":\"Granted\"}],\"order\":23,\"text\":\"Granted\"},{\"bbox\":[460.6,507.8,541.7,529.8],\"lines\":[{\"bbox\":[460.6,507.8,541.7,529.8],\"text\":\"185,333\"}],\"order\":24,\"text\":\"185,333\"},{\"bbox\":[610.9,507.5,691.7,529.9],\"lines\":[{\"bbox\":[610.9,507.5,691.7,529.9],\"text\":\"400,925\"}],\"order\":25,\"text\":\"400,925\"},{\"bbox\":[760.9,507.5,841.7,529.9],\"lines\":[{\"bbox\":[760.9,507.5,841.7,529.9],\"text\":\"506,342\"}],\"order\":26,\"text\":\"506,342\"},{\"bbox\":[891.7,498.5,1490.2,521.0],\"lines\":[{\"bbox\":[891.7,498.5,1490.2,521.0],\"text\":\"program, the 2005 Outperformance Plan. Participants in the\"}],\"order\":27,\"text\":\"program, the 2005 Outperformance Plan. Participants in the\"},{\"bbox\":[183.3,541.4,279.1,563.8],\"lines\":[{\"bbox\":[183.3,541.4,279.1,563.8],\"text\":\"Cancelled\"}],\"order\":28,\"text\":\"Cancelled\"},{\"bbox\":[477.9,541.7,550.0,563.7],\"lines\":[{\"bbox\":[477.9,541.7,550.0,563.7],\"text\":\"(1,167)\"}],\"order\":29,\"text\":\"(1,167)\"},{\"bbox\":[628.6,541.4,699.6,563.8],\"lines\":[{\"bbox\":[628.6,541.4,699.6,563.8],\"text\":\"(3,167)\"}],\"order\":30,\"text\":\"(3,167)\"},{\"bbox\":[822.6,541.4,841.7,563.8],\"lines\":[{\"bbox\":[822.6,541.4,841.7,563.8],\"text\":\"—\"}],\"order\":31,\"text\":\"—\"},{\"bbox\":[183.3,575.2,397.1,597.7],\"lines\":[{\"bbox\":[183.3,575.2,397.1,597.7],\"text\":\"Balance at end of year\"}],\"order\":32,\"text\":\"Balance at end of year\"},{\"bbox\":[443.2,575.6,541.7,597.6],\"lines\":[{\"bbox\":[443.2,575.6,541.7,597.6],\"text\":\"2,912,456\"}],\"order\":33,\"text\":\"2,912,456\"},{\"bbox\":[593.8,575.2,691.7,597.7],\"lines\":[{\"bbox\":[593.8,575.2,691.7,597.7],\"text\":\"2,728,290\"}],\"order\":34,\"text\":\"2,728,290\"},{\"bbox\":[743.8,575.2,841.7,597.7],\"lines\":[{\"bbox\":[743.8,575.2,841.7,597.7],\"text\":\"2,330,532\"}],\"order\":35,\"text\":\"2,330,532\"},{\"bbox\":[183.3,609.1,402.8,631.6],\"lines\":[{\"bbox\":[183.3,609.1,402.8,631.6],\"text\":\"Vested during the year\"}],\"order\":36,\"text\":\"Vested during the year\"},{\"bbox\":[473.3,609.5,541.7,631.5],\"lines\":[{\"bbox\":[473.3,609.5,541.7,631.5],\"text\":\"66,299\"}],\"order\":37,\"text\":\"66,299\"},{\"bbox\":[610.9,609.1,691.7,631.6],\"lines\":[{\"bbox\":[610.9,609.1,691.7,631.6],\"text\":\"153,644\"}],\"order\":38,\"text\":\"153,644\"},{\"bbox\":[760.9,609.1,841.7,631.6],\"lines\":[{\"bbox\":[760.9,609.1,841.7,631.6],\"text\":\"420,050\"}],\"order\":39,\"text\":\"420,050\"},{\"bbox\":[183.3,643.0,391.5,691.9],\"lines\":[{\"bbox\":[183.3,643.0,325.8,665.5],\"text\":\"Compensation\"},{\"bbox\":[216.7,669.4,391.5,691.9],\"text\":\"expense recorded\"}],\"order\":40,\"text\":\"Compensation\\nexpense recorded\"},{\"bbox\":[414.6,669.7,541.7,691.8],\"lines\":[{\"bbox\":[414.6,669.7,541.7,691.8],\"text\":\"$ 17,365,401\"}],\"order\":41,\"text\":\"$ 17,365,401\"},{\"bbox\":[566.4,669.4,691.7,691.9],\"lines\":[{\"bbox\":[566.4,669.4,691.7,691.9],\"text\":\"$ 15,327,206\"}],\"order\":42,\"text\":\"$ 15,327,206\"},{\"bbox\":[716.4,669.4,841.7,691.9],\"lines\":[{\"bbox\":[716.4,669.4,841.7,691.9],\"text\":\"$ 23,301,744\"}],\"order\":43,\"text\":\"$ 23,301,744\"},{\"bbox\":[183.3,447.2,384.4,496.0],\"lines\":[{\"bbox\":[183.3,447.2,384.4,469.6],\"text\":\"Balance at beginning\"},{\"bbox\":[216.7,473.6,283.8,496.0],\"text\":\"of year\"}],\"order\":44,\"text\":\"Balance at beginning\\nof year\"},{\"bbox\":[891.7,431.9,1504.1,454.3],\"lines\":[{\"bbox\":[891.7,431.9,1504.1,454.3],\"text\":\"In December 2005, the compensation committee of our board\"}],\"order\":45,\"text\":\"In December 2005, the compensation committee of our board\"},{\"bbox\":[891.7,531.9,1506.2,554.3],\"lines\":[{\"bbox\":[891.7,531.9,1506.2,554.3],\"text\":\"2005 Outperformance Plan were entitled to earn LTIP Units in\"}],\"order\":46,\"text\":\"2005 Outperformance Plan were entitled to earn LTIP Units in\"},{\"bbox\":[891.7,565.2,1523.2,587.6],\"lines\":[{\"bbox\":[891.7,565.2,1523.2,587.6],\"text\":\"our Operating Partnership if our total return to stockholders for\"}],\"order\":47,\"text\":\"our Operating Partnership if our total return to stockholders for\"},{\"bbox\":[891.7,598.5,1511.3,621.0],\"lines\":[{\"bbox\":[891.7,598.5,1511.3,621.0],\"text\":\"the three- year period beginning December 1, 2005 exceeded a\"}],\"order\":48,\"text\":\"the three- year period beginning December 1, 2005 exceeded a\"},{\"bbox\":[891.7,631.9,1539.4,654.3],\"lines\":[{\"bbox\":[891.7,631.9,1539.4,654.3],\"text\":\"cumulative total return to stockholders of 30%; provided that par-\"}],\"order\":49,\"text\":\"cumulative total return to stockholders of 30%; provided that par-\"},{\"bbox\":[183.3,703.3,541.7,804.9],\"lines\":[{\"bbox\":[183.3,703.3,397.9,725.8],\"text\":\"Weighted average fair\"},{\"bbox\":[216.7,729.7,394.6,752.1],\"text\":\"value of restricted\"},{\"bbox\":[216.7,756.1,351.1,778.5],\"text\":\"stock granted\"},{\"bbox\":[216.7,782.5,363.3,804.9],\"text\":\"during the year\"},{\"bbox\":[414.6,782.8,541.7,804.8],\"text\":\"$ 21,768,084\"}],\"order\":50,\"text\":\"Weighted average fair\\nvalue of restricted\\nstock granted\\nduring the year\\n$ 21,768,084\"},{\"bbox\":[891.7,665.2,1530.4,687.6],\"lines\":[{\"bbox\":[891.7,665.2,1530.4,687.6],\"text\":\"ticipants were entitled to earn LTIP Units earlier in the event that\"}],\"order\":51,\"text\":\"ticipants were entitled to earn LTIP Units earlier in the event that\"},{\"bbox\":[891.7,698.5,1536.7,721.0],\"lines\":[{\"bbox\":[891.7,698.5,1536.7,721.0],\"text\":\"we achieved maximum performance for 30 consecutive days. The\"}],\"order\":52,\"text\":\"we achieved maximum performance for 30 consecutive days. The\"},{\"bbox\":[891.7,731.9,1550.0,754.3],\"lines\":[{\"bbox\":[891.7,731.9,1550.0,754.3],\"text\":\"total number of LTIP Units that could be earned was to be a number\"}],\"order\":53,\"text\":\"total number of LTIP Units that could be earned was to be a number\"},{\"bbox\":[566.4,782.5,691.7,804.9],\"lines\":[{\"bbox\":[566.4,782.5,691.7,804.9],\"text\":\"$ 28,269,983\"}],\"order\":54,\"text\":\"$ 28,269,983\"},{\"bbox\":[716.4,782.5,841.7,804.9],\"lines\":[{\"bbox\":[716.4,782.5,841.7,804.9],\"text\":\"$ 4,979,218\"}],\"order\":55,\"text\":\"$ 4,979,218\"},{\"bbox\":[225.0,843.9,827.6,866.4],\"lines\":[{\"bbox\":[225.0,843.9,827.6,866.4],\"text\":\"The fair value of restricted stock that vested during the years\"}],\"order\":56,\"text\":\"The fair value of restricted stock that vested during the years\"},{\"bbox\":[183.3,877.3,776.7,899.7],\"lines\":[{\"bbox\":[183.3,877.3,776.7,899.7],\"text\":\"ended December 31, 2011, 2010 and 2009 was $4.3 million,\"}],\"order\":57,\"text\":\"ended December 31, 2011, 2010 and 2009 was $4.3 million,\"},{\"bbox\":[183.3,910.6,817.5,933.0],\"lines\":[{\"bbox\":[183.3,910.6,817.5,933.0],\"text\":\"$16.6 million and $28.0 million, respectively. As of December 31,\"}],\"order\":58,\"text\":\"$16.6 million and $28.0 million, respectively. As of December 31,\"},{\"bbox\":[183.3,943.9,835.6,966.4],\"lines\":[{\"bbox\":[183.3,943.9,835.6,966.4],\"text\":\"2011, there was $14.7 million of total unrecognized compensation\"}],\"order\":59,\"text\":\"2011, there was $14.7 million of total unrecognized compensation\"},{\"bbox\":[183.3,977.3,825.5,999.7],\"lines\":[{\"bbox\":[183.3,977.3,825.5,999.7],\"text\":\"cost related to unvested restricted stock, which is expected to be\"}],\"order\":60,\"text\":\"cost related to unvested restricted stock, which is expected to be\"},{\"bbox\":[183.3,1010.6,743.6,1033.0],\"lines\":[{\"bbox\":[183.3,1010.6,743.6,1033.0],\"text\":\"recognized over a weighted-average period of two years.\"}],\"order\":61,\"text\":\"recognized over a weighted-average period of two years.\"},{\"bbox\":[225.0,1043.9,788.2,1066.4],\"lines\":[{\"bbox\":[225.0,1043.9,788.2,1066.4],\"text\":\"For the years ended December 31, 2011, 2010 and 2009,\"}],\"order\":62,\"text\":\"For the years ended December 31, 2011, 2010 and 2009,\"},{\"bbox\":[183.3,1077.3,812.1,1099.7],\"lines\":[{\"bbox\":[183.3,1077.3,812.1,1099.7],\"text\":\"approximately $3.4 million, $2.2 million and $1.7 million, respec-\"}],\"order\":63,\"text\":\"approximately $3.4 million, $2.2 million and $1.7 million, respec-\"},{\"bbox\":[183.3,1110.6,795.2,1133.0],\"lines\":[{\"bbox\":[183.3,1110.6,795.2,1133.0],\"text\":\"tively, was capitalized to assets associated with compensation\"}],\"order\":64,\"text\":\"tively, was capitalized to assets associated with compensation\"},{\"bbox\":[183.3,1143.9,820.2,1166.4],\"lines\":[{\"bbox\":[183.3,1143.9,820.2,1166.4],\"text\":\"expense related to our long- term compensation plans, restricted\"}],\"order\":65,\"text\":\"expense related to our long- term compensation plans, restricted\"},{\"bbox\":[183.3,1177.3,422.1,1199.7],\"lines\":[{\"bbox\":[183.3,1177.3,422.1,1199.7],\"text\":\"stock and stock options.\"}],\"order\":66,\"text\":\"stock and stock options.\"},{\"bbox\":[225.0,1210.6,832.9,1233.0],\"lines\":[{\"bbox\":[225.0,1210.6,832.9,1233.0],\"text\":\"We granted LTIP units which had a fair value of $8.5 million as\"}],\"order\":67,\"text\":\"We granted LTIP units which had a fair value of $8.5 million as\"},{\"bbox\":[183.3,1243.9,825.2,1266.4],\"lines\":[{\"bbox\":[183.3,1243.9,825.2,1266.4],\"text\":\"part of the 2011 performance stock bonus award. The grant date\"}],\"order\":68,\"text\":\"part of the 2011 performance stock bonus award. The grant date\"},{\"bbox\":[183.3,1277.3,841.7,1299.7],\"lines\":[{\"bbox\":[183.3,1277.3,841.7,1299.7],\"text\":\"fair value of the LTIP unit awards was calculated in accordance with\"}],\"order\":69,\"text\":\"fair value of the LTIP unit awards was calculated in accordance with\"},{\"bbox\":[183.3,1310.6,832.0,1333.0],\"lines\":[{\"bbox\":[183.3,1310.6,832.0,1333.0],\"text\":\"ASC 718. A third party consultant determined the fair value of the\"}],\"order\":70,\"text\":\"ASC 718. A third party consultant determined the fair value of the\"},{\"bbox\":[183.3,1343.9,834.8,1366.4],\"lines\":[{\"bbox\":[183.3,1343.9,834.8,1366.4],\"text\":\"LTIP units to have a discount from our unrestricted common stock\"}],\"order\":71,\"text\":\"LTIP units to have a discount from our unrestricted common stock\"},{\"bbox\":[183.3,1377.3,795.7,1399.7],\"lines\":[{\"bbox\":[183.3,1377.3,795.7,1399.7],\"text\":\"price. The discount was calculated by considering the inherent\"}],\"order\":72,\"text\":\"price. The discount was calculated by considering the inherent\"},{\"bbox\":[183.3,1410.6,841.3,1433.0],\"lines\":[{\"bbox\":[183.3,1410.6,841.3,1433.0],\"text\":\"uncertainty that the LTIP units will reach parity with other common\"}],\"order\":73,\"text\":\"uncertainty that the LTIP units will reach parity with other common\"},{\"bbox\":[183.3,1443.9,805.7,1466.4],\"lines\":[{\"bbox\":[183.3,1443.9,805.7,1466.4],\"text\":\"partnership units and the illiquidity due to transfer restrictions.\"}],\"order\":74,\"text\":\"partnership units and the illiquidity due to transfer restrictions.\"},{\"bbox\":[183.3,1510.9,782.3,1532.9],\"lines\":[{\"bbox\":[183.3,1510.9,782.3,1532.9],\"text\":\"2003 Long- Term Outperformance Compensation Program\"}],\"order\":75,\"text\":\"2003 Long- Term Outperformance Compensation Program\"},{\"bbox\":[183.3,1543.9,811.5,1566.4],\"lines\":[{\"bbox\":[183.3,1543.9,811.5,1566.4],\"text\":\"Our board of directors adopted a long- term, seven- year compen-\"}],\"order\":76,\"text\":\"Our board of directors adopted a long- term, seven- year compen-\"},{\"bbox\":[183.3,1577.3,783.3,1599.7],\"lines\":[{\"bbox\":[183.3,1577.3,783.3,1599.7],\"text\":\"sation program for certain members of senior management.\"}],\"order\":77,\"text\":\"sation program for certain members of senior management.\"},{\"bbox\":[183.3,1610.6,812.9,1633.0],\"lines\":[{\"bbox\":[183.3,1610.6,812.9,1633.0],\"text\":\"The program provided for restricted stock awards to be made to\"}],\"order\":78,\"text\":\"The program provided for restricted stock awards to be made to\"},{\"bbox\":[183.3,1643.9,805.8,1666.4],\"lines\":[{\"bbox\":[183.3,1643.9,805.8,1666.4],\"text\":\"plan participants if the holders of our common equity achieved a\"}],\"order\":79,\"text\":\"plan participants if the holders of our common equity achieved a\"},{\"bbox\":[183.3,1677.3,814.4,1699.7],\"lines\":[{\"bbox\":[183.3,1677.3,814.4,1699.7],\"text\":\"total return in excess of 40% over a 48-month period commenc-\"}],\"order\":80,\"text\":\"total return in excess of 40% over a 48-month period commenc-\"},{\"bbox\":[183.3,1710.6,782.3,1733.0],\"lines\":[{\"bbox\":[183.3,1710.6,782.3,1733.0],\"text\":\"ing April 1, 2003. In April 2007, the compensation committee\"}],\"order\":81,\"text\":\"ing April 1, 2003. In April 2007, the compensation committee\"},{\"bbox\":[183.3,1743.9,802.6,1766.4],\"lines\":[{\"bbox\":[183.3,1743.9,802.6,1766.4],\"text\":\"determined that under the terms of the 2003 Outperformance\"}],\"order\":82,\"text\":\"determined that under the terms of the 2003 Outperformance\"},{\"bbox\":[183.3,1777.3,828.1,1799.7],\"lines\":[{\"bbox\":[183.3,1777.3,828.1,1799.7],\"text\":\"Plan, as of March 31, 2007, the performance hurdles had been met\"}],\"order\":83,\"text\":\"Plan, as of March 31, 2007, the performance hurdles had been met\"},{\"bbox\":[183.3,1810.6,809.7,1833.0],\"lines\":[{\"bbox\":[183.3,1810.6,809.7,1833.0],\"text\":\"and the maximum performance pool of $22,825,000, taking into\"}],\"order\":84,\"text\":\"and the maximum performance pool of $22,825,000, taking into\"},{\"bbox\":[183.3,1843.9,833.3,1866.4],\"lines\":[{\"bbox\":[183.3,1843.9,833.3,1866.4],\"text\":\"account forfeitures, was established. In connection with this event,\"}],\"order\":85,\"text\":\"account forfeitures, was established. In connection with this event,\"},{\"bbox\":[183.3,1877.3,819.9,1899.7],\"lines\":[{\"bbox\":[183.3,1877.3,819.9,1899.7],\"text\":\"approximately 166,312 shares of restricted stock (as adjusted for\"}],\"order\":86,\"text\":\"approximately 166,312 shares of restricted stock (as adjusted for\"},{\"bbox\":[183.3,1910.6,841.3,1933.0],\"lines\":[{\"bbox\":[183.3,1910.6,841.3,1933.0],\"text\":\"forfeitures) were allocated under the 2005 Plan. In accordance with\"}],\"order\":87,\"text\":\"forfeitures) were allocated under the 2005 Plan. In accordance with\"},{\"bbox\":[183.3,1943.9,825.5,1966.4],\"lines\":[{\"bbox\":[183.3,1943.9,825.5,1966.4],\"text\":\"the terms of the program, 40% of each award vested on March 31,\"}],\"order\":88,\"text\":\"the terms of the program, 40% of each award vested on March 31,\"},{\"bbox\":[183.3,1977.3,781.9,1999.7],\"lines\":[{\"bbox\":[183.3,1977.3,781.9,1999.7],\"text\":\"2007 and the remainder vested ratably over the subsequent\"}],\"order\":89,\"text\":\"2007 and the remainder vested ratably over the subsequent\"},{\"bbox\":[183.3,2010.6,824.1,2033.0],\"lines\":[{\"bbox\":[183.3,2010.6,824.1,2033.0],\"text\":\"three years based on continued employment. The fair value of the\"}],\"order\":90,\"text\":\"three years based on continued employment. The fair value of the\"},{\"bbox\":[183.3,2043.9,814.7,2066.4],\"lines\":[{\"bbox\":[183.3,2043.9,814.7,2066.4],\"text\":\"awards under this program on the date of grant was determined\"}],\"order\":91,\"text\":\"awards under this program on the date of grant was determined\"},{\"bbox\":[183.3,2077.3,808.8,2099.7],\"lines\":[{\"bbox\":[183.3,2077.3,808.8,2099.7],\"text\":\"to be $3.2 million. This fair value is expensed over the term of the\"}],\"order\":92,\"text\":\"to be $3.2 million. This fair value is expensed over the term of the\"},{\"bbox\":[183.3,2110.6,830.8,2133.0],\"lines\":[{\"bbox\":[183.3,2110.6,830.8,2133.0],\"text\":\"restricted stock award. Forty percent of the value of the award was\"}],\"order\":93,\"text\":\"restricted stock award. Forty percent of the value of the award was\"},{\"bbox\":[183.3,2143.9,822.0,2166.4],\"lines\":[{\"bbox\":[183.3,2143.9,822.0,2166.4],\"text\":\"amortized over four years from the date of grant and the balance\"}],\"order\":94,\"text\":\"amortized over four years from the date of grant and the balance\"},{\"bbox\":[183.3,2177.3,810.7,2199.7],\"lines\":[{\"bbox\":[183.3,2177.3,810.7,2199.7],\"text\":\"was amortized, in equal parts, over five, six and seven years (i.e.,\"}],\"order\":95,\"text\":\"was amortized, in equal parts, over five, six and seven years (i.e.,\"},{\"bbox\":[183.3,2210.6,792.1,2233.0],\"lines\":[{\"bbox\":[183.3,2210.6,792.1,2233.0],\"text\":\"20% of the total value was amortized over five years (20% per\"}],\"order\":96,\"text\":\"20% of the total value was amortized over five years (20% per\"},{\"bbox\":[891.7,765.2,1498.9,787.6],\"lines\":[{\"bbox\":[891.7,765.2,1498.9,787.6],\"text\":\"having an assumed value equal to 10% of the outperformance\"}],\"order\":97,\"text\":\"having an assumed value equal to 10% of the outperformance\"},{\"bbox\":[891.7,798.5,1516.4,821.0],\"lines\":[{\"bbox\":[891.7,798.5,1516.4,821.0],\"text\":\"amount in excess of the 30% benchmark, subject to a maximum\"}],\"order\":98,\"text\":\"amount in excess of the 30% benchmark, subject to a maximum\"},{\"bbox\":[891.7,831.9,1512.2,854.3],\"lines\":[{\"bbox\":[891.7,831.9,1512.2,854.3],\"text\":\"dilution cap equal to the lesser of 3% of our outstanding shares\"}],\"order\":99,\"text\":\"dilution cap equal to the lesser of 3% of our outstanding shares\"},{\"bbox\":[891.7,865.2,1525.2,887.6],\"lines\":[{\"bbox\":[891.7,865.2,1525.2,887.6],\"text\":\"and units of limited partnership interest as of December 1, 2005\"}],\"order\":100,\"text\":\"and units of limited partnership interest as of December 1, 2005\"},{\"bbox\":[891.7,898.5,1535.1,921.0],\"lines\":[{\"bbox\":[891.7,898.5,1535.1,921.0],\"text\":\"or $50.0 million. On June 14, 2006, the compensation committee\"}],\"order\":101,\"text\":\"or $50.0 million. On June 14, 2006, the compensation committee\"},{\"bbox\":[891.7,931.9,1511.2,954.3],\"lines\":[{\"bbox\":[891.7,931.9,1511.2,954.3],\"text\":\"determined that under the terms of the 2005 Outperformance\"}],\"order\":102,\"text\":\"determined that under the terms of the 2005 Outperformance\"},{\"bbox\":[891.7,965.2,1535.5,987.6],\"lines\":[{\"bbox\":[891.7,965.2,1535.5,987.6],\"text\":\"Plan, as of June 8, 2006, the performance period had accelerated\"}],\"order\":103,\"text\":\"Plan, as of June 8, 2006, the performance period had accelerated\"},{\"bbox\":[891.7,998.5,1525.6,1021.0],\"lines\":[{\"bbox\":[891.7,998.5,1525.6,1021.0],\"text\":\"and the maximum performance pool of $49,250,000, taking into\"}],\"order\":104,\"text\":\"and the maximum performance pool of $49,250,000, taking into\"},{\"bbox\":[891.7,1031.9,1544.4,1054.3],\"lines\":[{\"bbox\":[891.7,1031.9,1544.4,1054.3],\"text\":\"account forfeitures, had been earned. Under the terms of the 2005\"}],\"order\":105,\"text\":\"account forfeitures, had been earned. Under the terms of the 2005\"},{\"bbox\":[891.7,1065.2,1508.2,1087.6],\"lines\":[{\"bbox\":[891.7,1065.2,1508.2,1087.6],\"text\":\"Outperformance Plan, participants also earned additional LTIP\"}],\"order\":106,\"text\":\"Outperformance Plan, participants also earned additional LTIP\"},{\"bbox\":[891.7,1098.5,1534.2,1121.0],\"lines\":[{\"bbox\":[891.7,1098.5,1534.2,1121.0],\"text\":\"Units with a value equal to the distributions that would have been\"}],\"order\":107,\"text\":\"Units with a value equal to the distributions that would have been\"},{\"bbox\":[891.7,1131.9,1523.4,1154.3],\"lines\":[{\"bbox\":[891.7,1131.9,1523.4,1154.3],\"text\":\"paid with respect to the LTIP Units earned if such LTIP Units had\"}],\"order\":108,\"text\":\"paid with respect to the LTIP Units earned if such LTIP Units had\"},{\"bbox\":[891.7,1165.2,1546.3,1187.6],\"lines\":[{\"bbox\":[891.7,1165.2,1546.3,1187.6],\"text\":\"been earned at the beginning of the performance period. The total\"}],\"order\":109,\"text\":\"been earned at the beginning of the performance period. The total\"},{\"bbox\":[891.7,1198.5,1548.6,1221.0],\"lines\":[{\"bbox\":[891.7,1198.5,1548.6,1221.0],\"text\":\"number of LTIP Units earned under the 2005 Outperformance Plan\"}],\"order\":110,\"text\":\"number of LTIP Units earned under the 2005 Outperformance Plan\"},{\"bbox\":[891.7,1231.9,1550.1,1254.3],\"lines\":[{\"bbox\":[891.7,1231.9,1550.1,1254.3],\"text\":\"by all participants as of June 8, 2006 was 490,475. Under the terms\"}],\"order\":111,\"text\":\"by all participants as of June 8, 2006 was 490,475. Under the terms\"},{\"bbox\":[891.7,1265.2,1541.8,1287.6],\"lines\":[{\"bbox\":[891.7,1265.2,1541.8,1287.6],\"text\":\"of the 2005 Outperformance Plan, all LTIP Units that were earned\"}],\"order\":112,\"text\":\"of the 2005 Outperformance Plan, all LTIP Units that were earned\"},{\"bbox\":[891.7,1298.5,1548.4,1321.0],\"lines\":[{\"bbox\":[891.7,1298.5,1548.4,1321.0],\"text\":\"remained subject to time- based vesting, with one- third of the LTIP\"}],\"order\":113,\"text\":\"remained subject to time- based vesting, with one- third of the LTIP\"},{\"bbox\":[891.7,1331.9,1524.8,1354.3],\"lines\":[{\"bbox\":[891.7,1331.9,1524.8,1354.3],\"text\":\"Units earned vested on each of November 30, 2008 and the first\"}],\"order\":114,\"text\":\"Units earned vested on each of November 30, 2008 and the first\"},{\"bbox\":[891.7,1365.2,1507.9,1387.6],\"lines\":[{\"bbox\":[891.7,1365.2,1507.9,1387.6],\"text\":\"two anniversaries thereafter based on continued employment.\"}],\"order\":115,\"text\":\"two anniversaries thereafter based on continued employment.\"},{\"bbox\":[891.7,1398.5,1548.6,1421.0],\"lines\":[{\"bbox\":[891.7,1398.5,1548.6,1421.0],\"text\":\"The earned LTIP Units received regular quarterly distributions on a\"}],\"order\":116,\"text\":\"The earned LTIP Units received regular quarterly distributions on a\"},{\"bbox\":[891.7,1431.9,1549.5,1454.3],\"lines\":[{\"bbox\":[891.7,1431.9,1549.5,1454.3],\"text\":\"per unit basis equal to the dividends per share paid on our common\"}],\"order\":117,\"text\":\"per unit basis equal to the dividends per share paid on our common\"},{\"bbox\":[891.7,1465.2,1283.4,1487.6],\"lines\":[{\"bbox\":[891.7,1465.2,1283.4,1487.6],\"text\":\"stock, whether or not they were vested.\"}],\"order\":118,\"text\":\"stock, whether or not they were vested.\"},{\"bbox\":[933.3,1498.5,1514.0,1521.0],\"lines\":[{\"bbox\":[933.3,1498.5,1514.0,1521.0],\"text\":\"The cost of the 2005 Outperformance Plan (approximately\"}],\"order\":119,\"text\":\"The cost of the 2005 Outperformance Plan (approximately\"},{\"bbox\":[891.7,1531.9,1537.2,1554.3],\"lines\":[{\"bbox\":[891.7,1531.9,1537.2,1554.3],\"text\":\"$8.0 million, subject to adjustment for forfeitures) was amortized\"}],\"order\":120,\"text\":\"$8.0 million, subject to adjustment for forfeitures) was amortized\"},{\"bbox\":[891.7,1565.2,1474.6,1587.6],\"lines\":[{\"bbox\":[891.7,1565.2,1474.6,1587.6],\"text\":\"into earnings through the final vesting period. We recorded\"}],\"order\":121,\"text\":\"into earnings through the final vesting period. We recorded\"},{\"bbox\":[891.7,1598.5,1483.6,1621.0],\"lines\":[{\"bbox\":[891.7,1598.5,1483.6,1621.0],\"text\":\"approximately $1.6 million and $2.3 million of compensation\"}],\"order\":122,\"text\":\"approximately $1.6 million and $2.3 million of compensation\"},{\"bbox\":[891.7,1631.9,1510.0,1654.3],\"lines\":[{\"bbox\":[891.7,1631.9,1510.0,1654.3],\"text\":\"expense during the years ended December 31, 2010 and 2009,\"}],\"order\":123,\"text\":\"expense during the years ended December 31, 2010 and 2009,\"},{\"bbox\":[891.7,1665.2,1472.2,1687.6],\"lines\":[{\"bbox\":[891.7,1665.2,1472.2,1687.6],\"text\":\"respectively, in connection with the 2005 Outperformance\"}],\"order\":124,\"text\":\"respectively, in connection with the 2005 Outperformance\"},{\"bbox\":[891.7,1698.5,1514.4,1721.0],\"lines\":[{\"bbox\":[891.7,1698.5,1514.4,1721.0],\"text\":\"Plan. The cost of the 2005 Outperformance Plan had been fully\"}],\"order\":125,\"text\":\"Plan. The cost of the 2005 Outperformance Plan had been fully\"},{\"bbox\":[891.7,1731.9,1190.8,1754.3],\"lines\":[{\"bbox\":[891.7,1731.9,1190.8,1754.3],\"text\":\"expensed as of June 30, 2010.\"}],\"order\":126,\"text\":\"expensed as of June 30, 2010.\"},{\"bbox\":[891.7,1798.8,1491.5,1820.9],\"lines\":[{\"bbox\":[891.7,1798.8,1491.5,1820.9],\"text\":\"2006 Long- Term Outperformance Compensation Program\"}],\"order\":127,\"text\":\"2006 Long- Term Outperformance Compensation Program\"},{\"bbox\":[891.7,1831.9,1510.1,1854.3],\"lines\":[{\"bbox\":[891.7,1831.9,1510.1,1854.3],\"text\":\"On August 14, 2006, the compensation committee of our board\"}],\"order\":128,\"text\":\"On August 14, 2006, the compensation committee of our board\"},{\"bbox\":[891.7,1865.2,1465.8,1887.6],\"lines\":[{\"bbox\":[891.7,1865.2,1465.8,1887.6],\"text\":\"of directors approved a long- term incentive compensation\"}],\"order\":129,\"text\":\"of directors approved a long- term incentive compensation\"},{\"bbox\":[891.7,1898.5,1494.5,1921.0],\"lines\":[{\"bbox\":[891.7,1898.5,1494.5,1921.0],\"text\":\"program, the 2006 Outperformance Plan. The performance\"}],\"order\":130,\"text\":\"program, the 2006 Outperformance Plan. The performance\"},{\"bbox\":[891.7,1931.9,1480.2,1954.3],\"lines\":[{\"bbox\":[891.7,1931.9,1480.2,1954.3],\"text\":\"criteria under the 2006 Outperformance Plan were not met\"}],\"order\":131,\"text\":\"criteria under the 2006 Outperformance Plan were not met\"},{\"bbox\":[891.7,1965.2,1492.2,1987.6],\"lines\":[{\"bbox\":[891.7,1965.2,1492.2,1987.6],\"text\":\"and, accordingly, no LTIP Units were earned under the 2006\"}],\"order\":132,\"text\":\"and, accordingly, no LTIP Units were earned under the 2006\"},{\"bbox\":[891.7,1998.5,1112.4,2021.0],\"lines\":[{\"bbox\":[891.7,1998.5,1112.4,2021.0],\"text\":\"Outperformance Plan.\"}],\"order\":133,\"text\":\"Outperformance Plan.\"},{\"bbox\":[933.3,2031.9,1514.5,2054.3],\"lines\":[{\"bbox\":[933.3,2031.9,1514.5,2054.3],\"text\":\"The cost of the 2006 Outperformance Plan (approximately\"}],\"order\":134,\"text\":\"The cost of the 2006 Outperformance Plan (approximately\"},{\"bbox\":[891.7,2065.2,1548.9,2087.6],\"lines\":[{\"bbox\":[891.7,2065.2,1548.9,2087.6],\"text\":\"$16.4 million, subject to adjustment for forfeitures) was amortized\"}],\"order\":135,\"text\":\"$16.4 million, subject to adjustment for forfeitures) was amortized\"},{\"bbox\":[891.7,2098.5,1526.8,2121.0],\"lines\":[{\"bbox\":[891.7,2098.5,1526.8,2121.0],\"text\":\"into earnings through July 31, 2011. We recorded approximately\"}],\"order\":136,\"text\":\"into earnings through July 31, 2011. We recorded approximately\"},{\"bbox\":[891.7,2131.9,1520.5,2154.3],\"lines\":[{\"bbox\":[891.7,2131.9,1520.5,2154.3],\"text\":\"$70,000, $0.2 million and $0.4 million of compensation expense\"}],\"order\":137,\"text\":\"$70,000, $0.2 million and $0.4 million of compensation expense\"},{\"bbox\":[891.7,2165.2,1484.4,2187.6],\"lines\":[{\"bbox\":[891.7,2165.2,1484.4,2187.6],\"text\":\"during the years ended December 31, 2011, 2010 and 2009,\"}],\"order\":138,\"text\":\"during the years ended December 31, 2011, 2010 and 2009,\"},{\"bbox\":[891.7,2198.5,1525.5,2221.0],\"lines\":[{\"bbox\":[891.7,2198.5,1525.5,2221.0],\"text\":\"respectively, in connection with the 2006 Outperformance Plan.\"}],\"order\":139,\"text\":\"respectively, in connection with the 2006 Outperformance Plan.\"}],\"doc\":\"fintabnet:SLG_2011\",\"dpi\":200,\"image_px\":[1650,2325],\"layout\":[],\"markdown\":\"Notes to Consolidated Financial Statements\\n\\nSL Green Realty Corp. 2011 Annual Report\\n\\nPlan were granted to certain employees, including our executives\\n\\nyear), 20% of the total value was amortized over six years (16.67%\\n\\nand vesting will occur annually upon the completion of a service\\n\\nper year) and 20% of the total value was amortized over seven\\n\\nperiod or our meeting established financial performance criteria.\\n\\nyears (14.29% per year). We recorded compensation expense of\\n\\nAnnual vesting occurs at rates ranging from 15% to 35% once per-\\n\\n$23,000 and $0.1 million related to this plan during the years ended\\n\\nformance criteria are reached. A summary of our restricted stock\\n\\nDecember 31, 2010 and 2009, respectively. The cost of the 2003\\n\\nas of December 31, 2011, 2010 and 2009 and charges during the\\n\\nOutperformance Plan had been fully expensed as of March 31, 2010.\\n\\nyears then ended are presented below:\\n\\n2005 Long- Term Outperformance Compensation Program\\n\\n2011\\n\\n2010\\n\\n2009\\n\\n2,728,290\\n\\n2,330,532\\n\\n1,824,190\\n\\nof directors approved a long- term incentive compensation\\n\\nGranted\\n\\n185,333\\n\\n400,925\\n\\n506,342\\n\\nprogram, the 2005 Outperformance Plan. Participants in the\\n\\nCancelled\\n\\n(1,167)\\n\\n(3,167)\\n\\n—\\n\\nBalance at end of year\\n\\n2,912,456\\n\\n2,728,290\\n\\n2,330,532\\n\\nVested during the year\\n\\n66,299\\n\\n153,644\\n\\n420,050\\n\\nCompensation\\nexpense recorded\\n\\n$ 17,365,401\\n\\n$ 15,327,206\\n\\n$ 23,301,744\\n\\nBalance at beginning\\nof year\\n\\nIn December 2005, the compensation committee of our board\\n\\n2005 Outperformance Plan were entitled to earn LTIP Units in\\n\\nour Operating Partnership if our total return to stockholders for\\n\\nthe three- year period beginning December 1, 2005 exceeded a\\n\\ncumulative total return to stockholders of 30%; provided that par-\\n\\nWeighted average fair\\nvalue of restricted\\nstock granted\\nduring the year\\n$ 21,768,084\\n\\nticipants were entitled to earn LTIP Units earlier in the event that\\n\\nwe achieved maximum performance for 30 consecutive days. The\\n\\ntotal number of LTIP Units that could be earned was to be a number\\n\\n$ 28,269,983\\n\\n$ 4,979,218\\n\\nThe fair value of restricted stock that vested during the years\\n\\nended December 31, 2011, 2010 and 2009 was $4.3 million,\\n\\n$16.6 million and $28.0 million, respectively. As of December 31,\\n\\n2011, there was $14.7 million of total unrecognized compensation\\n\\ncost related to unvested restricted stock, which is expected to be\\n\\nrecognized over a weighted-average period of two years.\\n\\nFor the years ended December 31, 2011, 2010 and 2009,\\n\\napproximately $3.4 million, $2.2 million and $1.7 million, respec-\\n\\ntively, was capitalized to assets associated with compensation\\n\\nexpense related to our long- term compensation plans, restricted\\n\\nstock and stock options.\\n\\nWe granted LTIP units which had a fair value of $8.5 million as\\n\\npart of the 2011 performance stock bonus award. The grant date\\n\\nfair value of the LTIP unit awards was calculated in accordance with\\n\\nASC 718. A third party consultant determined the fair value of the\\n\\nLTIP units to have a discount from our unrestricted common stock\\n\\nprice. The discount was calculated by considering the inherent\\n\\nuncertainty that the LTIP units will reach parity with other common\\n\\npartnership units and the illiquidity due to transfer restrictions.\\n\\n2003 Long- Term Outperformance Compensation Program\\n\\nOur board of directors adopted a long- term, seven- year compen-\\n\\nsation program for certain members of senior management.\\n\\nThe program provided for restricted stock awards to be made to\\n\\nplan participants if the holders of our common equity achieved a\\n\\ntotal return in excess of 40% over a 48-month period commenc-\\n\\ning April 1, 2003. In April 2007, the compensation committee\\n\\ndetermined that under the terms of the 2003 Outperformance\\n\\nPlan, as of March 31, 2007, the performance hurdles had been met\\n\\nand the maximum performance pool of $22,825,000, taking into\\n\\naccount forfeitures, was established. In connection with this event,\\n\\napproximately 166,312 shares of restricted stock (as adjusted for\\n\\nforfeitures) were allocated under the 2005 Plan. In accordance with\\n\\nthe terms of the program, 40% of each award vested on March 31,\\n\\n2007 and the remainder vested ratably over the subsequent\\n\\nthree years based on continued employment. The fair value of the\\n\\nawards under this program on the date of grant was determined\\n\\nto be $3.2 million. This fair value is expensed over the term of the\\n\\nrestricted stock award. Forty percent of the value of the award was\\n\\namortized over four years from the date of grant and the balance\\n\\nwas amortized, in equal parts, over five, six and seven years (i.e.,\\n\\n20% of the total value was amortized over five years (20% per\\n\\nhaving an assumed value equal to 10% of the outperformance\\n\\namount in excess of the 30% benchmark, subject to a maximum\\n\\ndilution cap equal to the lesser of 3% of our outstanding shares\\n\\nand units of limited partnership interest as of December 1, 2005\\n\\nor $50.0 million. On June 14, 2006, the compensation committee\\n\\ndetermined that under the terms of the 2005 Outperformance\\n\\nPlan, as of June 8, 2006, the performance period had accelerated\\n\\nand the maximum performance pool of $49,250,000, taking into\\n\\naccount forfeitures, had been earned. Under the terms of the 2005\\n\\nOutperformance Plan, participants also earned additional LTIP\\n\\nUnits with a value equal to the distributions that would have been\\n\\npaid with respect to the LTIP Units earned if such LTIP Units had\\n\\nbeen earned at the beginning of the performance period. The total\\n\\nnumber of LTIP Units earned under the 2005 Outperformance Plan\\n\\nby all participants as of June 8, 2006 was 490,475. Under the terms\\n\\nof the 2005 Outperformance Plan, all LTIP Units that were earned\\n\\nremained subject to time- based vesting, with one- third of the LTIP\\n\\nUnits earned vested on each of November 30, 2008 and the first\\n\\ntwo anniversaries thereafter based on continued employment.\\n\\nThe earned LTIP Units received regular quarterly distributions on a\\n\\nper unit basis equal to the dividends per share paid on our common\\n\\nstock, whether or not they were vested.\\n\\nThe cost of the 2005 Outperformance Plan (approximately\\n\\n$8.0 million, subject to adjustment for forfeitures) was amortized\\n\\ninto earnings through the final vesting period. We recorded\\n\\napproximately $1.6 million and $2.3 million of compensation\\n\\nexpense during the years ended December 31, 2010 and 2009,\\n\\nrespectively, in connection with the 2005 Outperformance\\n\\nPlan. The cost of the 2005 Outperformance Plan had been fully\\n\\nexpensed as of June 30, 2010.\\n\\n2006 Long- Term Outperformance Compensation Program\\n\\nOn August 14, 2006, the compensation committee of our board\\n\\nof directors approved a long- term incentive compensation\\n\\nprogram, the 2006 Outperformance Plan. The performance\\n\\ncriteria under the 2006 Outperformance Plan were not met\\n\\nand, accordingly, no LTIP Units were earned under the 2006\\n\\nOutperformance Plan.\\n\\nThe cost of the 2006 Outperformance Plan (approximately\\n\\n$16.4 million, subject to adjustment for forfeitures) was amortized\\n\\ninto earnings through July 31, 2011. We recorded approximately\\n\\n$70,000, $0.2 million and $0.4 million of compensation expense\\n\\nduring the years ended December 31, 2011, 2010 and 2009,\\n\\nrespectively, in connection with the 2006 Outperformance Plan.\",\"name\":\"fintabnet.SLG_2011_page_91__200dpi_none\",\"page_id\":\"fintabnet.SLG_2011_page_91\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"SLG_2011_page_91\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[183.3,410.4,841.7,807.4],\"block_orders\":[16,17,18,19,20,21,23,24,25,26,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,50,54,55],\"cells\":null}],\"text\":\"Notes to Consolidated Financial Statements\\n\\nSL Green Realty Corp. 2011 Annual Report\\n\\nPlan were granted to certain employees, including our executives\\n\\nyear), 20% of the total value was amortized over six years (16.67%\\n\\nand vesting will occur annually upon the completion of a service\\n\\nper year) and 20% of the total value was amortized over seven\\n\\nperiod or our meeting established financial performance criteria.\\n\\nyears (14.29% per year). We recorded compensation expense of\\n\\nAnnual vesting occurs at rates ranging from 15% to 35% once per-\\n\\n$23,000 and $0.1 million related to this plan during the years ended\\n\\nformance criteria are reached. A summary of our restricted stock\\n\\nDecember 31, 2010 and 2009, respectively. The cost of the 2003\\n\\nas of December 31, 2011, 2010 and 2009 and charges during the\\n\\nOutperformance Plan had been fully expensed as of March 31, 2010.\\n\\nyears then ended are presented below:\\n\\n2005 Long- Term Outperformance Compensation Program\\n\\n2011\\n\\n2010\\n\\n2009\\n\\n2,728,290\\n\\n2,330,532\\n\\n1,824,190\\n\\nof directors approved a long- term incentive compensation\\n\\nGranted\\n\\n185,333\\n\\n400,925\\n\\n506,342\\n\\nprogram, the 2005 Outperformance Plan. Participants in the\\n\\nCancelled\\n\\n(1,167)\\n\\n(3,167)\\n\\n—\\n\\nBalance at end of year\\n\\n2,912,456\\n\\n2,728,290\\n\\n2,330,532\\n\\nVested during the year\\n\\n66,299\\n\\n153,644\\n\\n420,050\\n\\nCompensation\\nexpense recorded\\n\\n$ 17,365,401\\n\\n$ 15,327,206\\n\\n$ 23,301,744\\n\\nBalance at beginning\\nof year\\n\\nIn December 2005, the compensation committee of our board\\n\\n2005 Outperformance Plan were entitled to earn LTIP Units in\\n\\nour Operating Partnership if our total return to stockholders for\\n\\nthe three- year period beginning December 1, 2005 exceeded a\\n\\ncumulative total return to stockholders of 30%; provided that par-\\n\\nWeighted average fair\\nvalue of restricted\\nstock granted\\nduring the year\\n$ 21,768,084\\n\\nticipants were entitled to earn LTIP Units earlier in the event that\\n\\nwe achieved maximum performance for 30 consecutive days. The\\n\\ntotal number of LTIP Units that could be earned was to be a number\\n\\n$ 28,269,983\\n\\n$ 4,979,218\\n\\nThe fair value of restricted stock that vested during the years\\n\\nended December 31, 2011, 2010 and 2009 was $4.3 million,\\n\\n$16.6 million and $28.0 million, respectively. As of December 31,\\n\\n2011, there was $14.7 million of total unrecognized compensation\\n\\ncost related to unvested restricted stock, which is expected to be\\n\\nrecognized over a weighted-average period of two years.\\n\\nFor the years ended December 31, 2011, 2010 and 2009,\\n\\napproximately $3.4 million, $2.2 million and $1.7 million, respec-\\n\\ntively, was capitalized to assets associated with compensation\\n\\nexpense related to our long- term compensation plans, restricted\\n\\nstock and stock options.\\n\\nWe granted LTIP units which had a fair value of $8.5 million as\\n\\npart of the 2011 performance stock bonus award. The grant date\\n\\nfair value of the LTIP unit awards was calculated in accordance with\\n\\nASC 718. A third party consultant determined the fair value of the\\n\\nLTIP units to have a discount from our unrestricted common stock\\n\\nprice. The discount was calculated by considering the inherent\\n\\nuncertainty that the LTIP units will reach parity with other common\\n\\npartnership units and the illiquidity due to transfer restrictions.\\n\\n2003 Long- Term Outperformance Compensation Program\\n\\nOur board of directors adopted a long- term, seven- year compen-\\n\\nsation program for certain members of senior management.\\n\\nThe program provided for restricted stock awards to be made to\\n\\nplan participants if the holders of our common equity achieved a\\n\\ntotal return in excess of 40% over a 48-month period commenc-\\n\\ning April 1, 2003. In April 2007, the compensation committee\\n\\ndetermined that under the terms of the 2003 Outperformance\\n\\nPlan, as of March 31, 2007, the performance hurdles had been met\\n\\nand the maximum performance pool of $22,825,000, taking into\\n\\naccount forfeitures, was established. In connection with this event,\\n\\napproximately 166,312 shares of restricted stock (as adjusted for\\n\\nforfeitures) were allocated under the 2005 Plan. In accordance with\\n\\nthe terms of the program, 40% of each award vested on March 31,\\n\\n2007 and the remainder vested ratably over the subsequent\\n\\nthree years based on continued employment. The fair value of the\\n\\nawards under this program on the date of grant was determined\\n\\nto be $3.2 million. This fair value is expensed over the term of the\\n\\nrestricted stock award. Forty percent of the value of the award was\\n\\namortized over four years from the date of grant and the balance\\n\\nwas amortized, in equal parts, over five, six and seven years (i.e.,\\n\\n20% of the total value was amortized over five years (20% per\\n\\nhaving an assumed value equal to 10% of the outperformance\\n\\namount in excess of the 30% benchmark, subject to a maximum\\n\\ndilution cap equal to the lesser of 3% of our outstanding shares\\n\\nand units of limited partnership interest as of December 1, 2005\\n\\nor $50.0 million. On June 14, 2006, the compensation committee\\n\\ndetermined that under the terms of the 2005 Outperformance\\n\\nPlan, as of June 8, 2006, the performance period had accelerated\\n\\nand the maximum performance pool of $49,250,000, taking into\\n\\naccount forfeitures, had been earned. Under the terms of the 2005\\n\\nOutperformance Plan, participants also earned additional LTIP\\n\\nUnits with a value equal to the distributions that would have been\\n\\npaid with respect to the LTIP Units earned if such LTIP Units had\\n\\nbeen earned at the beginning of the performance period. The total\\n\\nnumber of LTIP Units earned under the 2005 Outperformance Plan\\n\\nby all participants as of June 8, 2006 was 490,475. Under the terms\\n\\nof the 2005 Outperformance Plan, all LTIP Units that were earned\\n\\nremained subject to time- based vesting, with one- third of the LTIP\\n\\nUnits earned vested on each of November 30, 2008 and the first\\n\\ntwo anniversaries thereafter based on continued employment.\\n\\nThe earned LTIP Units received regular quarterly distributions on a\\n\\nper unit basis equal to the dividends per share paid on our common\\n\\nstock, whether or not they were vested.\\n\\nThe cost of the 2005 Outperformance Plan (approximately\\n\\n$8.0 million, subject to adjustment for forfeitures) was amortized\\n\\ninto earnings through the final vesting period. We recorded\\n\\napproximately $1.6 million and $2.3 million of compensation\\n\\nexpense during the years ended December 31, 2010 and 2009,\\n\\nrespectively, in connection with the 2005 Outperformance\\n\\nPlan. The cost of the 2005 Outperformance Plan had been fully\\n\\nexpensed as of June 30, 2010.\\n\\n2006 Long- Term Outperformance Compensation Program\\n\\nOn August 14, 2006, the compensation committee of our board\\n\\nof directors approved a long- term incentive compensation\\n\\nprogram, the 2006 Outperformance Plan. The performance\\n\\ncriteria under the 2006 Outperformance Plan were not met\\n\\nand, accordingly, no LTIP Units were earned under the 2006\\n\\nOutperformance Plan.\\n\\nThe cost of the 2006 Outperformance Plan (approximately\\n\\n$16.4 million, subject to adjustment for forfeitures) was amortized\\n\\ninto earnings through July 31, 2011. We recorded approximately\\n\\n$70,000, $0.2 million and $0.4 million of compensation expense\\n\\nduring the years ended December 31, 2011, 2010 and 2009,\\n\\nrespectively, in connection with the 2006 Outperformance Plan.\"},\"name\":\"fintabnet.SLG_2011_page_91__200dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":368565,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:SLG_2011\",\"dpi\":200,\"gt_sha256\":\"5f3ee374fdcbefbaed5433c620acf9b3866921767a98fc8f0aedf67cfc4fa5a1\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SLG_2011_page_91__200dpi_none\",\"page\":1,\"page_id\":\"fintabnet.SLG_2011_page_91\",\"pdf_sha256\":\"d1956f4c76a362fb2167ae6d3a0e5ea7cd44657aad3fbb96b34aff3866e3d4db\",\"px\":[1650,2325],\"scan\":{\"render\":\"00003f7e087c227c3f7e387e3f7e3f7e3f7e3f7e3f783f7c3f7c3f603f7e0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"SLG_2011_page_91\",\"src\":{\"file_sha256\":\"5a0ae7328411aabe639f6be37c2d08ee4cc00c0c28748d3bce8ffb81592f551a\",\"render\":\"00003f7e087c3f7c3f7e3f7e3f7e3f7e317e3f7e3e783f7c3f7c3f603f7e0000\",\"text\":\"b48b0eb309b5a4fd5fefbfe54c0659582e25077381c72339816ed06eee8c9b01\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"d1956f4c76a362fb2167ae6d3a0e5ea7cd44657aad3fbb96b34aff3866e3d4db\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/d1956f4c76a362fb2167ae6d3a0e5ea7cd44657aad3fbb96b34aff3866e3d4db.pdf","asset_sha256":"d1956f4c76a362fb2167ae6d3a0e5ea7cd44657aad3fbb96b34aff3866e3d4db","document_id":"fintabnet:SLG_2011","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SLG_2011_page_91\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SLG_2017_page_42\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SLG_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[195.5,191.4,713.8,245.3],\"lines\":[{\"bbox\":[195.5,191.4,713.8,245.3],\"text\":\"SL GREEN OPERATING PARTNERSHIP, L.P.\"}],\"order\":0,\"text\":\"SL GREEN OPERATING PARTNERSHIP, L.P.\"},{\"bbox\":[1165.2,300.7,1430.2,339.7],\"lines\":[{\"bbox\":[1165.2,300.7,1430.2,339.7],\"text\":\"Year Ended December 31,\"}],\"order\":1,\"text\":\"Year Ended December 31,\"},{\"bbox\":[190.9,294.3,715.9,345.7],\"lines\":[{\"bbox\":[190.9,294.3,715.9,345.7],\"text\":\"Operating Data (in thousands, except per unit data)\"}],\"order\":2,\"text\":\"Operating Data (in thousands, except per unit data)\"},{\"bbox\":[972.1,330.3,1024.6,359.1],\"lines\":[{\"bbox\":[972.1,330.3,1024.6,359.1],\"text\":\"2017\"}],\"order\":3,\"text\":\"2017\"},{\"bbox\":[1138.4,338.0,1191.1,366.8],\"lines\":[{\"bbox\":[1138.4,338.0,1191.1,366.8],\"text\":\"2016\"}],\"order\":4,\"text\":\"2016\"},{\"bbox\":[1304.8,345.7,1357.6,374.5],\"lines\":[{\"bbox\":[1304.8,345.7,1357.6,374.5],\"text\":\"2015\"}],\"order\":5,\"text\":\"2015\"},{\"bbox\":[1471.4,353.4,1524.1,382.1],\"lines\":[{\"bbox\":[1471.4,353.4,1524.1,382.1],\"text\":\"2014\"}],\"order\":6,\"text\":\"2014\"},{\"bbox\":[1638.0,361.1,1690.6,389.8],\"lines\":[{\"bbox\":[1638.0,361.1,1690.6,389.8],\"text\":\"2013\"}],\"order\":7,\"text\":\"2013\"},{\"bbox\":[890.2,365.5,1022.8,397.9],\"lines\":[{\"bbox\":[890.2,365.5,1022.8,397.9],\"text\":\"$ 1,511,473\"}],\"order\":8,\"text\":\"$ 1,511,473\"},{\"bbox\":[1064.6,373.9,1189.3,406.5],\"lines\":[{\"bbox\":[1064.6,373.9,1189.3,406.5],\"text\":\"$ 1,863,981\"}],\"order\":9,\"text\":\"$ 1,863,981\"},{\"bbox\":[1243.5,382.2,1355.8,414.1],\"lines\":[{\"bbox\":[1243.5,382.2,1355.8,414.1],\"text\":\"$1,662,829\"}],\"order\":10,\"text\":\"$1,662,829\"},{\"bbox\":[1409.9,389.9,1522.3,421.8],\"lines\":[{\"bbox\":[1409.9,389.9,1522.3,421.8],\"text\":\"$1,519,978\"}],\"order\":11,\"text\":\"$1,519,978\"},{\"bbox\":[1576.4,397.6,1688.8,429.5],\"lines\":[{\"bbox\":[1576.4,397.6,1688.8,429.5],\"text\":\"$1,371,065\"}],\"order\":12,\"text\":\"$1,371,065\"},{\"bbox\":[177.1,372.0,1360.2,675.3],\"lines\":[{\"bbox\":[187.3,372.4,395.2,408.7],\"text\":\"Operating expenses\"},{\"bbox\":[934.4,406.4,1021.0,436.8],\"text\":\"293,364\"},{\"bbox\":[1106.0,414.8,1187.5,445.3],\"text\":\"312,859\"},{\"bbox\":[1272.5,422.5,1354.0,453.0],\"text\":\"301,624\"},{\"bbox\":[186.0,400.1,358.1,434.8],\"text\":\"Real estate taxes\"},{\"bbox\":[933.1,434.2,1019.7,464.5],\"text\":\"244,323\"},{\"bbox\":[1104.8,442.5,1186.2,473.1],\"text\":\"248,388\"},{\"bbox\":[1271.2,450.2,1352.7,480.7],\"text\":\"232,702\"},{\"bbox\":[184.8,427.9,310.1,460.4],\"text\":\"Ground rent\"},{\"bbox\":[945.0,462.5,1018.5,492.3],\"text\":\"33,231\"},{\"bbox\":[1115.8,470.9,1184.9,500.8],\"text\":\"33,261\"},{\"bbox\":[1282.3,478.5,1351.4,508.5],\"text\":\"32,834\"},{\"bbox\":[183.5,455.6,587.0,501.0],\"text\":\"Interest expense, net of interest income\"},{\"bbox\":[930.5,489.7,1017.2,520.0],\"text\":\"257,045\"},{\"bbox\":[1102.2,498.0,1183.7,528.6],\"text\":\"321,199\"},{\"bbox\":[1268.7,505.7,1350.1,536.2],\"text\":\"323,870\"},{\"bbox\":[182.2,483.4,572.7,528.2],\"text\":\"Amortization of deferred finance costs\"},{\"bbox\":[942.4,518.0,1015.9,547.8],\"text\":\"16,498\"},{\"bbox\":[1113.3,526.4,1182.4,556.3],\"text\":\"24,564\"},{\"bbox\":[1279.7,534.0,1348.9,564.0],\"text\":\"27,348\"},{\"bbox\":[180.9,511.1,491.5,552.2],\"text\":\"Depreciation and amortization\"},{\"bbox\":[928.0,545.2,1014.6,575.5],\"text\":\"403,320\"},{\"bbox\":[1099.6,553.5,1181.1,584.1],\"text\":\"821,041\"},{\"bbox\":[1266.1,561.2,1347.6,591.7],\"text\":\"560,887\"},{\"bbox\":[179.6,538.9,1352.5,619.8],\"text\":\"Loan loss and other investment reserves, net of recoveries\\t\\t\\t\\t\"},{\"bbox\":[178.4,566.6,432.5,605.1],\"text\":\"Transaction related costs\"},{\"bbox\":[945.1,601.6,1018.6,631.3],\"text\":\"(1,834)\"},{\"bbox\":[1121.8,610.2,1178.5,639.5],\"text\":\"7,528\"},{\"bbox\":[1275.9,617.3,1345.0,647.2],\"text\":\"11,430\"},{\"bbox\":[177.1,594.4,563.6,639.0],\"text\":\"Marketing, general and administrative\"},{\"bbox\":[924.1,628.4,1010.8,658.8],\"text\":\"100,498\"},{\"bbox\":[1108.1,637.3,1177.2,667.3],\"text\":\"99,759\"},{\"bbox\":[1274.6,645.0,1343.7,675.0],\"text\":\"94,873\"}],\"order\":13,\"text\":\"Operating expenses\\n293,364\\n312,859\\n301,624\\nReal estate taxes\\n244,323\\n248,388\\n232,702\\nGround rent\\n33,231\\n33,261\\n32,834\\nInterest expense, net of interest income\\n257,045\\n321,199\\n323,870\\nAmortization of deferred finance costs\\n16,498\\n24,564\\n27,348\\nDepreciation and amortization\\n403,320\\n821,041\\n560,887\\nLoan loss and other investment reserves, net of recoveries\\t\\t\\t\\t\\nTransaction related costs\\n(1,834)\\n7,528\\n11,430\\nMarketing, general and administrative\\n100,498\\n99,759\\n94,873\"},{\"bbox\":[1428.8,430.2,1520.5,682.7],\"lines\":[{\"bbox\":[1439.0,430.2,1520.5,460.7],\"text\":\"282,283\"},{\"bbox\":[1437.7,457.9,1519.2,488.4],\"text\":\"217,843\"},{\"bbox\":[1448.8,486.2,1517.9,516.2],\"text\":\"32,307\"},{\"bbox\":[1435.2,513.4,1516.6,543.9],\"text\":\"317,400\"},{\"bbox\":[1446.2,541.7,1515.4,571.7],\"text\":\"22,377\"},{\"bbox\":[1432.6,568.9,1514.1,599.4],\"text\":\"371,610\"},{\"bbox\":[1489.4,599.3,1512.8,627.2],\"text\":\"—\"},{\"bbox\":[1454.7,625.5,1511.5,654.9],\"text\":\"8,707\"},{\"bbox\":[1441.1,652.7,1510.2,682.7],\"text\":\"92,488\"}],\"order\":14,\"text\":\"282,283\\n217,843\\n32,307\\n317,400\\n22,377\\n371,610\\n—\\n8,707\\n92,488\"},{\"bbox\":[1595.3,437.8,1687.0,690.4],\"lines\":[{\"bbox\":[1605.5,437.8,1687.0,468.4],\"text\":\"276,589\"},{\"bbox\":[1604.2,465.6,1685.7,496.1],\"text\":\"203,076\"},{\"bbox\":[1615.3,493.9,1684.4,523.9],\"text\":\"31,951\"},{\"bbox\":[1601.7,521.1,1683.1,551.6],\"text\":\"310,894\"},{\"bbox\":[1612.7,549.4,1681.8,579.4],\"text\":\"15,855\"},{\"bbox\":[1599.1,576.6,1680.6,607.1],\"text\":\"324,461\"},{\"bbox\":[1655.8,607.0,1679.3,634.9],\"text\":\"—\"},{\"bbox\":[1621.2,633.2,1678.0,662.6],\"text\":\"3,985\"},{\"bbox\":[1607.6,660.4,1676.7,690.4],\"text\":\"86,192\"}],\"order\":15,\"text\":\"276,589\\n203,076\\n31,951\\n310,894\\n15,855\\n324,461\\n—\\n3,985\\n86,192\"},{\"bbox\":[189.1,333.5,327.5,366.7],\"lines\":[{\"bbox\":[189.1,333.5,327.5,366.7],\"text\":\"Total revenue\"}],\"order\":16,\"text\":\"Total revenue\"},{\"bbox\":[175.3,633.2,327.8,667.0],\"lines\":[{\"bbox\":[175.3,633.2,327.8,667.0],\"text\":\"Total expenses\"}],\"order\":17,\"text\":\"Total expenses\"},{\"bbox\":[902.6,666.4,1009.0,697.6],\"lines\":[{\"bbox\":[902.6,666.4,1009.0,697.6],\"text\":\"1,346,445\"}],\"order\":18,\"text\":\"1,346,445\"},{\"bbox\":[1075.5,674.8,1175.5,706.1],\"lines\":[{\"bbox\":[1075.5,674.8,1175.5,706.1],\"text\":\"1,868,599\"}],\"order\":19,\"text\":\"1,868,599\"},{\"bbox\":[1242.0,682.5,1341.9,713.8],\"lines\":[{\"bbox\":[1242.0,682.5,1341.9,713.8],\"text\":\"1,585,568\"}],\"order\":20,\"text\":\"1,585,568\"},{\"bbox\":[1408.5,690.1,1508.4,721.5],\"lines\":[{\"bbox\":[1408.5,690.1,1508.4,721.5],\"text\":\"1,345,015\"}],\"order\":21,\"text\":\"1,345,015\"},{\"bbox\":[1574.9,697.8,1674.9,729.2],\"lines\":[{\"bbox\":[1574.9,697.8,1674.9,729.2],\"text\":\"1,253,003\"}],\"order\":22,\"text\":\"1,253,003\"},{\"bbox\":[164.5,672.1,746.1,919.5],\"lines\":[{\"bbox\":[173.5,672.1,742.0,725.1],\"text\":\"Equity in net income from unconsolidated joint ventures\"},{\"bbox\":[172.2,699.8,723.9,752.0],\"text\":\"Equity in net gain on sale of interest in unconsolidated\"},{\"bbox\":[193.1,728.6,442.2,766.8],\"text\":\"joint venture/ real estate\"},{\"bbox\":[169.6,755.3,536.5,799.0],\"text\":\"Purchase price fair value adjustment\"},{\"bbox\":[168.4,783.1,477.5,824.1],\"text\":\"Gain on sale of real estate, net\"},{\"bbox\":[167.1,810.8,739.7,864.0],\"text\":\"Gain (loss) on sale of investment in marketable securities\"},{\"bbox\":[165.8,838.6,494.2,880.5],\"text\":\"Depreciable real estate reserves\"},{\"bbox\":[164.5,866.3,540.2,910.4],\"text\":\"Loss on early extinguishment of debt\"}],\"order\":23,\"text\":\"Equity in net income from unconsolidated joint ventures\\nEquity in net gain on sale of interest in unconsolidated\\njoint venture/ real estate\\nPurchase price fair value adjustment\\nGain on sale of real estate, net\\nGain (loss) on sale of investment in marketable securities\\nDepreciable real estate reserves\\nLoss on early extinguishment of debt\"},{\"bbox\":[933.7,706.7,1007.2,736.5],\"lines\":[{\"bbox\":[933.7,706.7,1007.2,736.5],\"text\":\"21,892\"}],\"order\":24,\"text\":\"21,892\"},{\"bbox\":[1104.5,715.0,1173.7,745.0],\"lines\":[{\"bbox\":[1104.5,715.0,1173.7,745.0],\"text\":\"11,874\"}],\"order\":25,\"text\":\"11,874\"},{\"bbox\":[1271.0,722.7,1340.2,752.7],\"lines\":[{\"bbox\":[1271.0,722.7,1340.2,752.7],\"text\":\"13,028\"}],\"order\":26,\"text\":\"13,028\"},{\"bbox\":[1437.5,730.4,1506.6,760.4],\"lines\":[{\"bbox\":[1437.5,730.4,1506.6,760.4],\"text\":\"26,537\"}],\"order\":27,\"text\":\"26,537\"},{\"bbox\":[1616.4,738.7,1673.1,768.0],\"lines\":[{\"bbox\":[1616.4,738.7,1673.1,768.0],\"text\":\"9,921\"}],\"order\":28,\"text\":\"9,921\"},{\"bbox\":[905.0,761.3,1011.2,931.0],\"lines\":[{\"bbox\":[931.1,762.2,1004.6,792.0],\"text\":\"16,166\"},{\"bbox\":[979.9,792.3,1003.3,819.7],\"text\":\"—\"},{\"bbox\":[928.6,817.7,1002.1,847.5],\"text\":\"73,241\"},{\"bbox\":[940.4,846.1,1000.8,875.2],\"text\":\"3,262\"},{\"bbox\":[906.3,872.3,1006.1,903.3],\"text\":\"(178,520)\"},{\"bbox\":[974.8,903.3,998.2,930.7],\"text\":\"—\"}],\"order\":29,\"text\":\"16,166\\n—\\n73,241\\n3,262\\n(178,520)\\n—\"},{\"bbox\":[1083.2,770.0,1176.9,939.5],\"lines\":[{\"bbox\":[1102.0,770.5,1171.1,800.5],\"text\":\"44,009\"},{\"bbox\":[1146.4,800.4,1169.8,828.2],\"text\":\"—\"},{\"bbox\":[1087.1,825.5,1168.5,856.0],\"text\":\"238,116\"},{\"bbox\":[1135.6,855.5,1173.0,884.0],\"text\":\"(83)\"},{\"bbox\":[1091.1,881.3,1171.7,911.7],\"text\":\"(10,387)\"},{\"bbox\":[1141.3,911.4,1164.7,939.2],\"text\":\"—\"}],\"order\":30,\"text\":\"44,009\\n—\\n238,116\\n(83)\\n(10,387)\\n—\"},{\"bbox\":[1249.7,777.7,1343.4,947.2],\"lines\":[{\"bbox\":[1268.5,778.2,1337.6,808.2],\"text\":\"15,844\"},{\"bbox\":[1267.2,806.0,1336.3,835.9],\"text\":\"40,078\"},{\"bbox\":[1253.6,833.1,1335.0,863.7],\"text\":\"175,974\"},{\"bbox\":[1310.3,863.6,1333.7,891.4],\"text\":\"—\"},{\"bbox\":[1257.6,888.9,1338.2,919.4],\"text\":\"(19,226)\"},{\"bbox\":[1299.5,918.7,1337.0,947.2],\"text\":\"(49)\"}],\"order\":31,\"text\":\"15,844\\n40,078\\n175,974\\n—\\n(19,226)\\n(49)\"},{\"bbox\":[1416.2,785.3,1509.9,954.9],\"lines\":[{\"bbox\":[1422.6,785.3,1504.1,815.9],\"text\":\"123,253\"},{\"bbox\":[1433.7,813.7,1502.8,843.6],\"text\":\"67,446\"},{\"bbox\":[1478.1,843.5,1501.5,871.4],\"text\":\"—\"},{\"bbox\":[1443.5,869.7,1500.2,899.1],\"text\":\"3,895\"},{\"bbox\":[1475.5,899.0,1499.0,926.9],\"text\":\"—\"},{\"bbox\":[1422.8,924.4,1503.4,954.9],\"text\":\"(32,365)\"}],\"order\":32,\"text\":\"123,253\\n67,446\\n—\\n3,895\\n—\\n(32,365)\"},{\"bbox\":[1589.3,793.3,1676.3,962.6],\"lines\":[{\"bbox\":[1613.8,794.2,1670.6,823.5],\"text\":\"3,601\"},{\"bbox\":[1606.7,821.6,1675.1,851.6],\"text\":\"(2,305)\"},{\"bbox\":[1644.6,851.2,1668.0,879.0],\"text\":\"—\"},{\"bbox\":[1643.3,878.9,1666.7,906.8],\"text\":\"—\"},{\"bbox\":[1642.0,906.7,1665.4,934.5],\"text\":\"—\"},{\"bbox\":[1589.3,932.1,1669.9,962.6],\"text\":\"(18,518)\"}],\"order\":33,\"text\":\"3,601\\n(2,305)\\n—\\n—\\n—\\n(18,518)\"},{\"bbox\":[161.4,905.1,521.0,976.2],\"lines\":[{\"bbox\":[162.7,905.1,521.0,948.4],\"text\":\"Income from continuing operations\"},{\"bbox\":[161.4,932.9,412.2,971.2],\"text\":\"Discontinued operations\"}],\"order\":34,\"text\":\"Income from continuing operations\\nDiscontinued operations\"},{\"bbox\":[908.5,939.2,996.4,997.3],\"lines\":[{\"bbox\":[909.8,939.2,996.4,969.5],\"text\":\"101,069\"},{\"bbox\":[971.7,969.9,995.2,997.3],\"text\":\"—\"}],\"order\":35,\"text\":\"101,069\\n—\"},{\"bbox\":[1080.2,947.6,1162.9,1005.8],\"lines\":[{\"bbox\":[1081.4,947.6,1162.9,978.1],\"text\":\"278,911\"},{\"bbox\":[1138.2,978.0,1161.6,1005.8],\"text\":\"—\"}],\"order\":36,\"text\":\"278,911\\n—\"},{\"bbox\":[1246.6,955.2,1329.4,1013.5],\"lines\":[{\"bbox\":[1247.9,955.2,1329.4,985.8],\"text\":\"302,910\"},{\"bbox\":[1259.0,983.6,1328.1,1013.5],\"text\":\"14,549\"}],\"order\":37,\"text\":\"302,910\\n14,549\"},{\"bbox\":[1413.1,962.9,1495.9,1021.2],\"lines\":[{\"bbox\":[1414.4,962.9,1495.9,993.4],\"text\":\"363,729\"},{\"bbox\":[1413.1,990.7,1494.6,1021.2],\"text\":\"182,134\"}],\"order\":38,\"text\":\"363,729\\n182,134\"},{\"bbox\":[1579.6,970.6,1662.4,1028.9],\"lines\":[{\"bbox\":[1580.9,970.6,1662.4,1001.1],\"text\":\"110,761\"},{\"bbox\":[1592.0,998.9,1661.1,1028.9],\"text\":\"40,587\"}],\"order\":39,\"text\":\"110,761\\n40,587\"},{\"bbox\":[155.8,971.7,759.3,1109.4],\"lines\":[{\"bbox\":[159.7,971.7,279.0,1004.0],\"text\":\"Net income\"},{\"bbox\":[158.4,999.5,758.0,1053.9],\"text\":\"Net loss (income) attributable to noncontrolling interests in\"},{\"bbox\":[179.3,1028.3,367.7,1063.7],\"text\":\"other partnerships\"},{\"bbox\":[155.8,1055.0,429.0,1094.4],\"text\":\"Preferred unit distributions\"}],\"order\":40,\"text\":\"Net income\\nNet loss (income) attributable to noncontrolling interests in\\nother partnerships\\nPreferred unit distributions\"},{\"bbox\":[906.7,1005.8,993.4,1036.1],\"lines\":[{\"bbox\":[906.7,1005.8,993.4,1036.1],\"text\":\"101,069\"}],\"order\":41,\"text\":\"101,069\"},{\"bbox\":[1078.4,1014.2,1159.8,1044.7],\"lines\":[{\"bbox\":[1078.4,1014.2,1159.8,1044.7],\"text\":\"278,911\"}],\"order\":42,\"text\":\"278,911\"},{\"bbox\":[1244.9,1021.8,1326.3,1052.4],\"lines\":[{\"bbox\":[1244.9,1021.8,1326.3,1052.4],\"text\":\"317,459\"}],\"order\":43,\"text\":\"317,459\"},{\"bbox\":[1411.3,1029.5,1492.8,1060.0],\"lines\":[{\"bbox\":[1411.3,1029.5,1492.8,1060.0],\"text\":\"545,863\"}],\"order\":44,\"text\":\"545,863\"},{\"bbox\":[1577.8,1037.2,1659.3,1067.7],\"lines\":[{\"bbox\":[1577.8,1037.2,1659.3,1067.7],\"text\":\"151,348\"}],\"order\":45,\"text\":\"151,348\"},{\"bbox\":[909.4,1061.6,997.4,1119.7],\"lines\":[{\"bbox\":[917.3,1061.9,990.8,1091.6],\"text\":\"15,701\"},{\"bbox\":[909.4,1089.4,996.1,1119.7],\"text\":\"(11,401)\"}],\"order\":46,\"text\":\"15,701\\n(11,401)\"},{\"bbox\":[1081.1,1070.0,1163.0,1128.2],\"lines\":[{\"bbox\":[1094.7,1070.5,1163.0,1100.4],\"text\":\"(7,644)\"},{\"bbox\":[1081.1,1097.7,1161.8,1128.2],\"text\":\"(11,235)\"}],\"order\":47,\"text\":\"(7,644)\\n(11,235)\"},{\"bbox\":[1247.6,1077.6,1329.5,1135.9],\"lines\":[{\"bbox\":[1248.9,1077.6,1329.5,1108.1],\"text\":\"(15,843)\"},{\"bbox\":[1259.9,1106.0,1328.2,1135.9],\"text\":\"(6,967)\"}],\"order\":48,\"text\":\"(15,843)\\n(6,967)\"},{\"bbox\":[1426.4,1085.9,1496.0,1143.6],\"lines\":[{\"bbox\":[1427.7,1085.9,1496.0,1115.8],\"text\":\"(6,590)\"},{\"bbox\":[1426.4,1113.6,1494.7,1143.6],\"text\":\"(2,750)\"}],\"order\":49,\"text\":\"(6,590)\\n(2,750)\"},{\"bbox\":[1580.6,1093.0,1662.5,1151.2],\"lines\":[{\"bbox\":[1581.8,1093.0,1662.5,1123.5],\"text\":\"(10,629)\"},{\"bbox\":[1592.9,1121.3,1661.2,1151.2],\"text\":\"(2,260)\"}],\"order\":50,\"text\":\"(10,629)\\n(2,260)\"},{\"bbox\":[151.5,1093.8,531.7,1193.5],\"lines\":[{\"bbox\":[154.0,1093.8,504.8,1136.8],\"text\":\"Net income attributable to SLGOP\"},{\"bbox\":[152.7,1121.6,477.2,1163.3],\"text\":\"Preferred unit redemption costs\"},{\"bbox\":[151.5,1149.3,529.1,1193.5],\"text\":\"Perpetual preferred unit distributions\"}],\"order\":51,\"text\":\"Net income attributable to SLGOP\\nPreferred unit redemption costs\\nPerpetual preferred unit distributions\"},{\"bbox\":[898.5,1127.9,994.3,1214.0],\"lines\":[{\"bbox\":[901.1,1127.9,987.7,1158.2],\"text\":\"105,369\"},{\"bbox\":[963.0,1158.6,986.4,1186.0],\"text\":\"—\"},{\"bbox\":[905.1,1183.7,991.7,1214.0],\"text\":\"(14,950)\"}],\"order\":52,\"text\":\"105,369\\n—\\n(14,950)\"},{\"bbox\":[1070.2,1136.2,1160.0,1222.5],\"lines\":[{\"bbox\":[1072.7,1136.2,1154.2,1166.8],\"text\":\"260,032\"},{\"bbox\":[1129.5,1166.7,1152.9,1194.5],\"text\":\"—\"},{\"bbox\":[1076.7,1192.0,1157.4,1222.5],\"text\":\"(14,950)\"}],\"order\":53,\"text\":\"260,032\\n—\\n(14,950)\"},{\"bbox\":[1236.7,1143.9,1326.5,1230.2],\"lines\":[{\"bbox\":[1239.2,1143.9,1320.7,1174.4],\"text\":\"294,649\"},{\"bbox\":[1296.0,1174.4,1319.4,1202.2],\"text\":\"—\"},{\"bbox\":[1243.2,1199.7,1323.9,1230.2],\"text\":\"(14,952)\"}],\"order\":54,\"text\":\"294,649\\n—\\n(14,952)\"},{\"bbox\":[1403.1,1151.6,1492.9,1237.9],\"lines\":[{\"bbox\":[1405.7,1151.6,1487.2,1182.1],\"text\":\"536,523\"},{\"bbox\":[1462.5,1182.0,1485.9,1209.9],\"text\":\"—\"},{\"bbox\":[1409.7,1207.4,1490.4,1237.9],\"text\":\"(14,952)\"}],\"order\":55,\"text\":\"536,523\\n—\\n(14,952)\"},{\"bbox\":[1569.6,1159.3,1659.4,1245.6],\"lines\":[{\"bbox\":[1572.2,1159.3,1653.7,1189.8],\"text\":\"138,459\"},{\"bbox\":[1577.5,1187.4,1658.2,1217.8],\"text\":\"(12,160)\"},{\"bbox\":[1576.2,1215.1,1656.9,1245.6],\"text\":\"(21,881)\"}],\"order\":56,\"text\":\"138,459\\n(12,160)\\n(21,881)\"},{\"bbox\":[148.4,1188.2,731.6,1269.5],\"lines\":[{\"bbox\":[149.7,1188.2,731.6,1241.8],\"text\":\"Net income attributable to SLGOP common stockholders\"},{\"bbox\":[148.4,1215.9,523.0,1260.0],\"text\":\"Net income per common unit – Basic\"}],\"order\":57,\"text\":\"Net income attributable to SLGOP common stockholders\\nNet income per common unit – Basic\"},{\"bbox\":[849.5,1220.1,983.4,1280.3],\"lines\":[{\"bbox\":[850.7,1220.1,983.4,1252.6],\"text\":\"$   90,419\"},{\"bbox\":[849.5,1247.9,982.1,1280.3],\"text\":\"$     0.88\"}],\"order\":58,\"text\":\"$   90,419\\n$     0.88\"},{\"bbox\":[1023.9,1228.6,1149.8,1288.9],\"lines\":[{\"bbox\":[1025.2,1228.6,1149.8,1261.1],\"text\":\"$   245,082\"},{\"bbox\":[1023.9,1256.3,1148.6,1288.9],\"text\":\"$     2.35\"}],\"order\":59,\"text\":\"$   245,082\\n$     2.35\"},{\"bbox\":[1190.4,1236.3,1316.3,1296.5],\"lines\":[{\"bbox\":[1191.7,1236.3,1316.3,1268.8],\"text\":\"$ 279,697\"},{\"bbox\":[1190.4,1264.0,1315.0,1296.5],\"text\":\"$     2.71\"}],\"order\":60,\"text\":\"$ 279,697\\n$     2.71\"},{\"bbox\":[1356.9,1244.0,1482.8,1304.2],\"lines\":[{\"bbox\":[1358.2,1244.0,1482.8,1276.5],\"text\":\"$ 521,571\"},{\"bbox\":[1356.9,1271.7,1481.5,1304.2],\"text\":\"$     5.25\"}],\"order\":61,\"text\":\"$ 521,571\\n$     5.25\"},{\"bbox\":[1523.4,1251.7,1649.3,1311.9],\"lines\":[{\"bbox\":[1524.6,1251.7,1649.3,1284.2],\"text\":\"$ 104,418\"},{\"bbox\":[1523.4,1279.4,1648.0,1311.9],\"text\":\"$     1.10\"}],\"order\":62,\"text\":\"$ 104,418\\n$     1.10\"},{\"bbox\":[146.6,1254.8,543.6,1299.9],\"lines\":[{\"bbox\":[146.6,1254.8,543.6,1299.9],\"text\":\"Net income per common unit – Diluted\"}],\"order\":63,\"text\":\"Net income per common unit – Diluted\"},{\"bbox\":[847.7,1286.7,980.3,1319.2],\"lines\":[{\"bbox\":[847.7,1286.7,980.3,1319.2],\"text\":\"$     0.87\"}],\"order\":64,\"text\":\"$     0.87\"},{\"bbox\":[1022.1,1295.2,1146.8,1327.7],\"lines\":[{\"bbox\":[1022.1,1295.2,1146.8,1327.7],\"text\":\"$     2.34\"}],\"order\":65,\"text\":\"$     2.34\"},{\"bbox\":[1188.6,1302.9,1313.3,1335.4],\"lines\":[{\"bbox\":[1188.6,1302.9,1313.3,1335.4],\"text\":\"$     2.70\"}],\"order\":66,\"text\":\"$     2.70\"},{\"bbox\":[1355.1,1310.6,1479.7,1343.1],\"lines\":[{\"bbox\":[1355.1,1310.6,1479.7,1343.1],\"text\":\"$     5.23\"}],\"order\":67,\"text\":\"$     5.23\"},{\"bbox\":[1521.6,1318.2,1646.2,1350.8],\"lines\":[{\"bbox\":[1521.6,1318.2,1646.2,1350.8],\"text\":\"$     1.10\"}],\"order\":68,\"text\":\"$     1.10\"},{\"bbox\":[144.8,1293.6,576.8,1340.3],\"lines\":[{\"bbox\":[144.8,1293.6,576.8,1340.3],\"text\":\"Cash dividends declared per common unit\"}],\"order\":69,\"text\":\"Cash dividends declared per common unit\"},{\"bbox\":[845.9,1325.6,978.5,1358.0],\"lines\":[{\"bbox\":[845.9,1325.6,978.5,1358.0],\"text\":\"$    3.1375\"}],\"order\":70,\"text\":\"$    3.1375\"},{\"bbox\":[1020.3,1334.0,1145.0,1366.6],\"lines\":[{\"bbox\":[1020.3,1334.0,1145.0,1366.6],\"text\":\"$     2.94\"}],\"order\":71,\"text\":\"$     2.94\"},{\"bbox\":[1186.8,1341.7,1311.5,1374.2],\"lines\":[{\"bbox\":[1186.8,1341.7,1311.5,1374.2],\"text\":\"$     2.52\"}],\"order\":72,\"text\":\"$     2.52\"},{\"bbox\":[1353.3,1349.4,1477.9,1381.9],\"lines\":[{\"bbox\":[1353.3,1349.4,1477.9,1381.9],\"text\":\"$     2.10\"}],\"order\":73,\"text\":\"$     2.10\"},{\"bbox\":[1519.8,1357.1,1644.4,1389.6],\"lines\":[{\"bbox\":[1519.8,1357.1,1644.4,1389.6],\"text\":\"$     1.49\"}],\"order\":74,\"text\":\"$     1.49\"},{\"bbox\":[143.0,1332.5,663.5,1383.3],\"lines\":[{\"bbox\":[143.0,1332.5,663.5,1383.3],\"text\":\"Basic weighted average common units outstanding\"}],\"order\":75,\"text\":\"Basic weighted average common units outstanding\"},{\"bbox\":[890.1,1366.5,976.7,1396.9],\"lines\":[{\"bbox\":[890.1,1366.5,976.7,1396.9],\"text\":\"103,127\"}],\"order\":76,\"text\":\"103,127\"},{\"bbox\":[1061.7,1374.9,1143.2,1405.4],\"lines\":[{\"bbox\":[1061.7,1374.9,1143.2,1405.4],\"text\":\"104,508\"}],\"order\":77,\"text\":\"104,508\"},{\"bbox\":[1228.2,1382.6,1309.7,1413.1],\"lines\":[{\"bbox\":[1228.2,1382.6,1309.7,1413.1],\"text\":\"103,244\"}],\"order\":78,\"text\":\"103,244\"},{\"bbox\":[1407.0,1390.8,1476.2,1420.8],\"lines\":[{\"bbox\":[1407.0,1390.8,1476.2,1420.8],\"text\":\"99,288\"}],\"order\":79,\"text\":\"99,288\"},{\"bbox\":[1573.5,1398.5,1642.6,1428.5],\"lines\":[{\"bbox\":[1573.5,1398.5,1642.6,1428.5],\"text\":\"95,004\"}],\"order\":80,\"text\":\"95,004\"},{\"bbox\":[139.9,1371.3,749.0,1453.9],\"lines\":[{\"bbox\":[141.2,1371.3,749.0,1426.1],\"text\":\"Diluted weighted average common units and common units\"},{\"bbox\":[162.1,1400.1,408.9,1438.2],\"text\":\"equivalents outstanding\"}],\"order\":81,\"text\":\"Diluted weighted average common units and common units\\nequivalents outstanding\"},{\"bbox\":[887.0,1433.1,973.6,1463.5],\"lines\":[{\"bbox\":[887.0,1433.1,973.6,1463.5],\"text\":\"103,403\"}],\"order\":82,\"text\":\"103,403\"},{\"bbox\":[1058.6,1441.5,1140.1,1472.0],\"lines\":[{\"bbox\":[1058.6,1441.5,1140.1,1472.0],\"text\":\"104,881\"}],\"order\":83,\"text\":\"104,881\"},{\"bbox\":[1225.1,1449.2,1306.6,1479.7],\"lines\":[{\"bbox\":[1225.1,1449.2,1306.6,1479.7],\"text\":\"103,734\"}],\"order\":84,\"text\":\"103,734\"},{\"bbox\":[1404.0,1457.4,1473.1,1487.4],\"lines\":[{\"bbox\":[1404.0,1457.4,1473.1,1487.4],\"text\":\"99,696\"}],\"order\":85,\"text\":\"99,696\"},{\"bbox\":[1570.4,1465.1,1639.6,1495.1],\"lines\":[{\"bbox\":[1570.4,1465.1,1639.6,1495.1],\"text\":\"95,266\"}],\"order\":86,\"text\":\"95,266\"},{\"bbox\":[916.0,1545.7,968.5,1574.5],\"lines\":[{\"bbox\":[916.0,1545.7,968.5,1574.5],\"text\":\"2017\"}],\"order\":87,\"text\":\"2017\"},{\"bbox\":[1082.3,1553.4,1135.0,1582.1],\"lines\":[{\"bbox\":[1082.3,1553.4,1135.0,1582.1],\"text\":\"2016\"}],\"order\":88,\"text\":\"2016\"},{\"bbox\":[1248.7,1561.1,1301.5,1589.8],\"lines\":[{\"bbox\":[1248.7,1561.1,1301.5,1589.8],\"text\":\"2015\"}],\"order\":89,\"text\":\"2015\"},{\"bbox\":[1415.3,1568.7,1468.0,1597.5],\"lines\":[{\"bbox\":[1415.3,1568.7,1468.0,1597.5],\"text\":\"2014\"}],\"order\":90,\"text\":\"2014\"},{\"bbox\":[1581.9,1576.4,1634.5,1605.2],\"lines\":[{\"bbox\":[1581.9,1576.4,1634.5,1605.2],\"text\":\"2013\"}],\"order\":91,\"text\":\"2013\"},{\"bbox\":[832.8,1580.8,966.7,1641.1],\"lines\":[{\"bbox\":[834.1,1580.8,966.7,1613.3],\"text\":\"$10,206,122\"},{\"bbox\":[845.9,1609.2,965.4,1641.1],\"text\":\"13,982,904\"}],\"order\":92,\"text\":\"$10,206,122\\n13,982,904\"},{\"bbox\":[1007.2,1589.3,1133.2,1649.6],\"lines\":[{\"bbox\":[1008.5,1589.3,1133.2,1621.8],\"text\":\"$12,743,332\"},{\"bbox\":[1019.6,1617.6,1131.9,1649.6],\"text\":\"15,857,787\"}],\"order\":93,\"text\":\"$12,743,332\\n15,857,787\"},{\"bbox\":[1173.7,1597.0,1299.7,1657.3],\"lines\":[{\"bbox\":[1175.0,1597.0,1299.7,1629.5],\"text\":\"$16,681,602\"},{\"bbox\":[1186.1,1625.3,1298.4,1657.3],\"text\":\"19,727,646\"}],\"order\":94,\"text\":\"$16,681,602\\n19,727,646\"},{\"bbox\":[1340.2,1604.7,1466.2,1665.0],\"lines\":[{\"bbox\":[1341.5,1604.7,1466.2,1637.2],\"text\":\"$14,069,141\"},{\"bbox\":[1352.6,1633.0,1464.9,1665.0],\"text\":\"17,096,587\"}],\"order\":95,\"text\":\"$14,069,141\\n17,096,587\"},{\"bbox\":[1506.7,1612.4,1632.7,1672.6],\"lines\":[{\"bbox\":[1508.0,1612.4,1632.7,1644.9],\"text\":\"$12,333,780\"},{\"bbox\":[1519.1,1640.7,1631.4,1672.6],\"text\":\"14,959,001\"}],\"order\":96,\"text\":\"$12,333,780\\n14,959,001\"},{\"bbox\":[854.0,1693.1,961.6,1752.0],\"lines\":[{\"bbox\":[855.2,1693.1,961.6,1724.3],\"text\":\"5,855,132\"},{\"bbox\":[854.0,1720.8,960.3,1752.0],\"text\":\"6,589,454\"}],\"order\":97,\"text\":\"5,855,132\\n6,589,454\"},{\"bbox\":[1026.8,1701.5,1128.1,1760.6],\"lines\":[{\"bbox\":[1028.1,1701.5,1128.1,1732.8],\"text\":\"6,481,666\"},{\"bbox\":[1026.8,1729.2,1126.8,1760.6],\"text\":\"7,750,911\"}],\"order\":98,\"text\":\"6,481,666\\n7,750,911\"},{\"bbox\":[1181.0,1708.6,1294.6,1768.3],\"lines\":[{\"bbox\":[1182.2,1708.6,1294.6,1740.5],\"text\":\"10,275,453\"},{\"bbox\":[1193.3,1736.9,1293.3,1768.3],\"text\":\"7,719,317\"}],\"order\":99,\"text\":\"10,275,453\\n7,719,317\"},{\"bbox\":[1359.8,1716.8,1461.0,1775.9],\"lines\":[{\"bbox\":[1361.1,1716.8,1461.0,1748.2],\"text\":\"8,178,787\"},{\"bbox\":[1359.8,1744.6,1459.8,1775.9],\"text\":\"7,459,216\"}],\"order\":100,\"text\":\"8,178,787\\n7,459,216\"},{\"bbox\":[1526.3,1724.5,1627.5,1783.6],\"lines\":[{\"bbox\":[1527.6,1724.5,1627.5,1755.9],\"text\":\"6,919,908\"},{\"bbox\":[1526.3,1752.3,1626.2,1783.6],\"text\":\"7,282,352\"}],\"order\":101,\"text\":\"6,919,908\\n7,282,352\"},{\"bbox\":[1141.2,1517.6,1342.0,1553.6],\"lines\":[{\"bbox\":[1141.2,1517.6,1342.0,1553.6],\"text\":\"As of December 31,\"}],\"order\":102,\"text\":\"As of December 31,\"},{\"bbox\":[134.8,1510.1,480.7,1552.8],\"lines\":[{\"bbox\":[134.8,1510.1,480.7,1552.8],\"text\":\"Balance Sheet Data (in thousands)\"}],\"order\":103,\"text\":\"Balance Sheet Data (in thousands)\"},{\"bbox\":[126.6,1548.9,759.7,1743.3],\"lines\":[{\"bbox\":[133.0,1548.9,717.9,1602.7],\"text\":\"Commercial real estate, before accumulated depreciation\"},{\"bbox\":[131.7,1576.7,251.0,1608.9],\"text\":\"Total assets\"},{\"bbox\":[130.4,1604.4,757.1,1660.1],\"text\":\"Mortgages and other loans payable, revolving credit facilities,\"},{\"bbox\":[151.4,1633.2,641.6,1682.6],\"text\":\"term loans and senior unsecured notes and trust\"},{\"bbox\":[150.1,1660.9,393.9,1698.9],\"text\":\"preferred securities, net\"},{\"bbox\":[126.6,1687.6,251.6,1720.2],\"text\":\"Total capital\"}],\"order\":104,\"text\":\"Commercial real estate, before accumulated depreciation\\nTotal assets\\nMortgages and other loans payable, revolving credit facilities,\\nterm loans and senior unsecured notes and trust\\npreferred securities, net\\nTotal capital\"},{\"bbox\":[98.7,2298.8,506.3,2337.3],\"lines\":[{\"bbox\":[98.7,2298.8,506.3,2337.3],\"text\":\"40 / SL GREEN REALTY CORP. 2017 ANNUAL REPORT\"}],\"order\":105,\"text\":\"40 / SL GREEN REALTY CORP. 2017 ANNUAL REPORT\"}],\"doc\":\"fintabnet:SLG_2017\",\"dpi\":200,\"image_px\":[1800,2450],\"layout\":[],\"markdown\":\"SL GREEN OPERATING PARTNERSHIP, L.P.\\n\\nYear Ended December 31,\\n\\nOperating Data (in thousands, except per unit data)\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n2014\\n\\n2013\\n\\n$ 1,511,473\\n\\n$ 1,863,981\\n\\n$1,662,829\\n\\n$1,519,978\\n\\n$1,371,065\\n\\nOperating expenses\\n293,364\\n312,859\\n301,624\\nReal estate taxes\\n244,323\\n248,388\\n232,702\\nGround rent\\n33,231\\n33,261\\n32,834\\nInterest expense, net of interest income\\n257,045\\n321,199\\n323,870\\nAmortization of deferred finance costs\\n16,498\\n24,564\\n27,348\\nDepreciation and amortization\\n403,320\\n821,041\\n560,887\\nLoan loss and other investment reserves, net of recoveries\\t\\t\\t\\t\\nTransaction related costs\\n(1,834)\\n7,528\\n11,430\\nMarketing, general and administrative\\n100,498\\n99,759\\n94,873\\n\\n282,283\\n217,843\\n32,307\\n317,400\\n22,377\\n371,610\\n—\\n8,707\\n92,488\\n\\n276,589\\n203,076\\n31,951\\n310,894\\n15,855\\n324,461\\n—\\n3,985\\n86,192\\n\\nTotal revenue\\n\\nTotal expenses\\n\\n1,346,445\\n\\n1,868,599\\n\\n1,585,568\\n\\n1,345,015\\n\\n1,253,003\\n\\nEquity in net income from unconsolidated joint ventures\\nEquity in net gain on sale of interest in unconsolidated\\njoint venture/ real estate\\nPurchase price fair value adjustment\\nGain on sale of real estate, net\\nGain (loss) on sale of investment in marketable securities\\nDepreciable real estate reserves\\nLoss on early extinguishment of debt\\n\\n21,892\\n\\n11,874\\n\\n13,028\\n\\n26,537\\n\\n9,921\\n\\n16,166\\n—\\n73,241\\n3,262\\n(178,520)\\n—\\n\\n44,009\\n—\\n238,116\\n(83)\\n(10,387)\\n—\\n\\n15,844\\n40,078\\n175,974\\n—\\n(19,226)\\n(49)\\n\\n123,253\\n67,446\\n—\\n3,895\\n—\\n(32,365)\\n\\n3,601\\n(2,305)\\n—\\n—\\n—\\n(18,518)\\n\\nIncome from continuing operations\\nDiscontinued operations\\n\\n101,069\\n—\\n\\n278,911\\n—\\n\\n302,910\\n14,549\\n\\n363,729\\n182,134\\n\\n110,761\\n40,587\\n\\nNet income\\nNet loss (income) attributable to noncontrolling interests in\\nother partnerships\\nPreferred unit distributions\\n\\n101,069\\n\\n278,911\\n\\n317,459\\n\\n545,863\\n\\n151,348\\n\\n15,701\\n(11,401)\\n\\n(7,644)\\n(11,235)\\n\\n(15,843)\\n(6,967)\\n\\n(6,590)\\n(2,750)\\n\\n(10,629)\\n(2,260)\\n\\nNet income attributable to SLGOP\\nPreferred unit redemption costs\\nPerpetual preferred unit distributions\\n\\n105,369\\n—\\n(14,950)\\n\\n260,032\\n—\\n(14,950)\\n\\n294,649\\n—\\n(14,952)\\n\\n536,523\\n—\\n(14,952)\\n\\n138,459\\n(12,160)\\n(21,881)\\n\\nNet income attributable to SLGOP common stockholders\\nNet income per common unit – Basic\\n\\n$   90,419\\n$     0.88\\n\\n$   245,082\\n$     2.35\\n\\n$ 279,697\\n$     2.71\\n\\n$ 521,571\\n$     5.25\\n\\n$ 104,418\\n$     1.10\\n\\nNet income per common unit – Diluted\\n\\n$     0.87\\n\\n$     2.34\\n\\n$     2.70\\n\\n$     5.23\\n\\n$     1.10\\n\\nCash dividends declared per common unit\\n\\n$    3.1375\\n\\n$     2.94\\n\\n$     2.52\\n\\n$     2.10\\n\\n$     1.49\\n\\nBasic weighted average common units outstanding\\n\\n103,127\\n\\n104,508\\n\\n103,244\\n\\n99,288\\n\\n95,004\\n\\nDiluted weighted average common units and common units\\nequivalents outstanding\\n\\n103,403\\n\\n104,881\\n\\n103,734\\n\\n99,696\\n\\n95,266\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n2014\\n\\n2013\\n\\n$10,206,122\\n13,982,904\\n\\n$12,743,332\\n15,857,787\\n\\n$16,681,602\\n19,727,646\\n\\n$14,069,141\\n17,096,587\\n\\n$12,333,780\\n14,959,001\\n\\n5,855,132\\n6,589,454\\n\\n6,481,666\\n7,750,911\\n\\n10,275,453\\n7,719,317\\n\\n8,178,787\\n7,459,216\\n\\n6,919,908\\n7,282,352\\n\\nAs of December 31,\\n\\nBalance Sheet Data (in thousands)\\n\\nCommercial real estate, before accumulated depreciation\\nTotal assets\\nMortgages and other loans payable, revolving credit facilities,\\nterm loans and senior unsecured notes and trust\\npreferred securities, net\\nTotal capital\\n\\n40 / SL GREEN REALTY CORP. 2017 ANNUAL REPORT\",\"name\":\"fintabnet.SLG_2017_page_42__200dpi_heavy\",\"page_id\":\"fintabnet.SLG_2017_page_42\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.643,\"source\":\"fintabnet\",\"source_id\":\"SLG_2017_page_42\",\"stack\":[{\"deg\":-2.643,\"op\":\"skew\"},{\"amp\":0.245,\"angle\":306.9,\"blob\":0.353,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.762},{\"op\":\"noise\",\"sigma\":17.383},{\"gain\":0.499,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":42}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[126.6,1471.2,1636.2,1783.6],\"block_orders\":[87,88,89,90,91,92,93,94,95,96,97,98,99,100,101,102,103,104],\"cells\":null}],\"text\":\"SL GREEN OPERATING PARTNERSHIP, L.P.\\n\\nYear Ended December 31,\\n\\nOperating Data (in thousands, except per unit data)\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n2014\\n\\n2013\\n\\n$ 1,511,473\\n\\n$ 1,863,981\\n\\n$1,662,829\\n\\n$1,519,978\\n\\n$1,371,065\\n\\nOperating expenses\\n293,364\\n312,859\\n301,624\\nReal estate taxes\\n244,323\\n248,388\\n232,702\\nGround rent\\n33,231\\n33,261\\n32,834\\nInterest expense, net of interest income\\n257,045\\n321,199\\n323,870\\nAmortization of deferred finance costs\\n16,498\\n24,564\\n27,348\\nDepreciation and amortization\\n403,320\\n821,041\\n560,887\\nLoan loss and other investment reserves, net of recoveries\\t\\t\\t\\t\\nTransaction related costs\\n(1,834)\\n7,528\\n11,430\\nMarketing, general and administrative\\n100,498\\n99,759\\n94,873\\n\\n282,283\\n217,843\\n32,307\\n317,400\\n22,377\\n371,610\\n—\\n8,707\\n92,488\\n\\n276,589\\n203,076\\n31,951\\n310,894\\n15,855\\n324,461\\n—\\n3,985\\n86,192\\n\\nTotal revenue\\n\\nTotal expenses\\n\\n1,346,445\\n\\n1,868,599\\n\\n1,585,568\\n\\n1,345,015\\n\\n1,253,003\\n\\nEquity in net income from unconsolidated joint ventures\\nEquity in net gain on sale of interest in unconsolidated\\njoint venture/ real estate\\nPurchase price fair value adjustment\\nGain on sale of real estate, net\\nGain (loss) on sale of investment in marketable securities\\nDepreciable real estate reserves\\nLoss on early extinguishment of debt\\n\\n21,892\\n\\n11,874\\n\\n13,028\\n\\n26,537\\n\\n9,921\\n\\n16,166\\n—\\n73,241\\n3,262\\n(178,520)\\n—\\n\\n44,009\\n—\\n238,116\\n(83)\\n(10,387)\\n—\\n\\n15,844\\n40,078\\n175,974\\n—\\n(19,226)\\n(49)\\n\\n123,253\\n67,446\\n—\\n3,895\\n—\\n(32,365)\\n\\n3,601\\n(2,305)\\n—\\n—\\n—\\n(18,518)\\n\\nIncome from continuing operations\\nDiscontinued operations\\n\\n101,069\\n—\\n\\n278,911\\n—\\n\\n302,910\\n14,549\\n\\n363,729\\n182,134\\n\\n110,761\\n40,587\\n\\nNet income\\nNet loss (income) attributable to noncontrolling interests in\\nother partnerships\\nPreferred unit distributions\\n\\n101,069\\n\\n278,911\\n\\n317,459\\n\\n545,863\\n\\n151,348\\n\\n15,701\\n(11,401)\\n\\n(7,644)\\n(11,235)\\n\\n(15,843)\\n(6,967)\\n\\n(6,590)\\n(2,750)\\n\\n(10,629)\\n(2,260)\\n\\nNet income attributable to SLGOP\\nPreferred unit redemption costs\\nPerpetual preferred unit distributions\\n\\n105,369\\n—\\n(14,950)\\n\\n260,032\\n—\\n(14,950)\\n\\n294,649\\n—\\n(14,952)\\n\\n536,523\\n—\\n(14,952)\\n\\n138,459\\n(12,160)\\n(21,881)\\n\\nNet income attributable to SLGOP common stockholders\\nNet income per common unit – Basic\\n\\n$   90,419\\n$     0.88\\n\\n$   245,082\\n$     2.35\\n\\n$ 279,697\\n$     2.71\\n\\n$ 521,571\\n$     5.25\\n\\n$ 104,418\\n$     1.10\\n\\nNet income per common unit – Diluted\\n\\n$     0.87\\n\\n$     2.34\\n\\n$     2.70\\n\\n$     5.23\\n\\n$     1.10\\n\\nCash dividends declared per common unit\\n\\n$    3.1375\\n\\n$     2.94\\n\\n$     2.52\\n\\n$     2.10\\n\\n$     1.49\\n\\nBasic weighted average common units outstanding\\n\\n103,127\\n\\n104,508\\n\\n103,244\\n\\n99,288\\n\\n95,004\\n\\nDiluted weighted average common units and common units\\nequivalents outstanding\\n\\n103,403\\n\\n104,881\\n\\n103,734\\n\\n99,696\\n\\n95,266\\n\\n2017\\n\\n2016\\n\\n2015\\n\\n2014\\n\\n2013\\n\\n$10,206,122\\n13,982,904\\n\\n$12,743,332\\n15,857,787\\n\\n$16,681,602\\n19,727,646\\n\\n$14,069,141\\n17,096,587\\n\\n$12,333,780\\n14,959,001\\n\\n5,855,132\\n6,589,454\\n\\n6,481,666\\n7,750,911\\n\\n10,275,453\\n7,719,317\\n\\n8,178,787\\n7,459,216\\n\\n6,919,908\\n7,282,352\\n\\nAs of December 31,\\n\\nBalance Sheet Data (in thousands)\\n\\nCommercial real estate, before accumulated depreciation\\nTotal assets\\nMortgages and other loans payable, revolving credit facilities,\\nterm loans and senior unsecured notes and trust\\npreferred securities, net\\nTotal capital\\n\\n40 / SL GREEN REALTY CORP. 2017 ANNUAL REPORT\"},\"name\":\"fintabnet.SLG_2017_page_42__200dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":286611,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:SLG_2017\",\"dpi\":200,\"gt_sha256\":\"aa786576b4d11233c064aea69d79b197e7089e37bbf3cb4c1e686f80b7b21fb2\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SLG_2017_page_56\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SLG_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[66.3,106.7,816.8,150.9],\"lines\":[{\"bbox\":[66.3,106.7,816.5,134.3],\"text\":\"The combined aggregate principal maturities of our property mortgages and other loans payable, corporate obligations and our share\"},{\"bbox\":[66.5,124.9,723.4,150.9],\"text\":\"of joint venture debt, including as-of-right extension options, as of December 31, 2017 were as follows (in thousands):\"}],\"order\":0,\"text\":\"The combined aggregate principal maturities of our property mortgages and other loans payable, corporate obligations and our share\\nof joint venture debt, including as-of-right extension options, as of December 31, 2017 were as follows (in thousands):\"},{\"bbox\":[67.2,173.2,100.7,186.9],\"lines\":[{\"bbox\":[67.2,173.2,100.7,186.9],\"text\":\"\\t\\t\\t\"}],\"order\":1,\"text\":\"\\t\\t\\t\"},{\"bbox\":[291.3,169.6,317.4,183.2],\"lines\":[{\"bbox\":[291.3,169.6,317.4,183.2],\"text\":\"2018\"}],\"order\":2,\"text\":\"2018\"},{\"bbox\":[374.7,168.2,400.7,181.8],\"lines\":[{\"bbox\":[374.7,168.2,400.7,181.8],\"text\":\"2019\"}],\"order\":3,\"text\":\"2019\"},{\"bbox\":[457.3,166.8,484.0,180.4],\"lines\":[{\"bbox\":[457.3,166.8,484.0,180.4],\"text\":\"2020\"}],\"order\":4,\"text\":\"2020\"},{\"bbox\":[539.4,165.4,565.9,179.1],\"lines\":[{\"bbox\":[539.4,165.4,565.9,179.1],\"text\":\"2021\"}],\"order\":5,\"text\":\"2021\"},{\"bbox\":[624.0,164.0,650.6,177.7],\"lines\":[{\"bbox\":[624.0,164.0,650.6,177.7],\"text\":\"2022\"}],\"order\":6,\"text\":\"2022\"},{\"bbox\":[676.8,162.7,734.0,176.8],\"lines\":[{\"bbox\":[676.8,162.7,734.0,176.8],\"text\":\"Thereafter\"}],\"order\":7,\"text\":\"Thereafter\"},{\"bbox\":[790.6,161.3,817.3,174.9],\"lines\":[{\"bbox\":[790.6,161.3,817.3,174.9],\"text\":\"Total\"}],\"order\":8,\"text\":\"Total\"},{\"bbox\":[67.5,190.3,253.1,248.4],\"lines\":[{\"bbox\":[67.5,190.3,252.4,206.8],\"text\":\"Property mortgages and other loans\"},{\"bbox\":[67.7,205.2,189.2,220.7],\"text\":\"MRA and FHLB facilities\"},{\"bbox\":[68.0,219.3,180.3,234.6],\"text\":\"Corporate obligations\"},{\"bbox\":[68.2,232.6,212.9,248.4],\"text\":\"Joint venture debt-our share\"}],\"order\":9,\"text\":\"Property mortgages and other loans\\nMRA and FHLB facilities\\nCorporate obligations\\nJoint venture debt-our share\"},{\"bbox\":[268.1,189.0,318.4,244.7],\"lines\":[{\"bbox\":[268.1,189.0,317.7,203.0],\"text\":\"$153,593\"},{\"bbox\":[281.5,202.9,317.9,216.7],\"text\":\"90,809\"},{\"bbox\":[275.2,216.8,318.1,230.7],\"text\":\"250,000\"},{\"bbox\":[275.4,230.7,318.4,244.6],\"text\":\"200,250\"}],\"order\":10,\"text\":\"$153,593\\n90,809\\n250,000\\n200,250\"},{\"bbox\":[354.5,187.8,401.7,243.7],\"lines\":[{\"bbox\":[354.5,187.8,401.0,202.0],\"text\":\"$ 42,289\"},{\"bbox\":[389.9,201.7,401.2,215.3],\"text\":\"—\"},{\"bbox\":[390.1,215.6,401.5,229.2],\"text\":\"—\"},{\"bbox\":[361.3,229.5,401.7,243.6],\"text\":\"717,682\"}],\"order\":11,\"text\":\"$ 42,289\\n—\\n—\\n717,682\"},{\"bbox\":[428.5,186.5,485.0,242.5],\"lines\":[{\"bbox\":[428.5,186.5,484.3,200.8],\"text\":\"$ 703,018\"},{\"bbox\":[473.2,200.3,484.6,213.9],\"text\":\"—\"},{\"bbox\":[444.4,214.2,484.8,228.3],\"text\":\"250,000\"},{\"bbox\":[444.6,228.1,485.0,242.2],\"text\":\"473,809\"}],\"order\":12,\"text\":\"$ 703,018\\n—\\n250,000\\n473,809\"},{\"bbox\":[519.7,185.1,567.0,240.9],\"lines\":[{\"bbox\":[519.7,185.1,566.3,199.3],\"text\":\"$ 11,656\"},{\"bbox\":[555.2,199.0,566.5,212.6],\"text\":\"—\"},{\"bbox\":[555.4,212.9,566.7,226.5],\"text\":\"—\"},{\"bbox\":[526.6,226.8,567.0,240.8],\"text\":\"449,740\"}],\"order\":13,\"text\":\"$ 11,656\\n—\\n—\\n449,740\"},{\"bbox\":[595.2,183.7,651.7,239.7],\"lines\":[{\"bbox\":[595.2,183.7,651.0,198.0],\"text\":\"$ 208,003\"},{\"bbox\":[639.9,197.6,651.2,211.2],\"text\":\"—\"},{\"bbox\":[611.1,211.5,651.4,225.5],\"text\":\"800,000\"},{\"bbox\":[611.3,225.3,651.7,239.4],\"text\":\"223,330\"}],\"order\":14,\"text\":\"$ 208,003\\n—\\n800,000\\n223,330\"},{\"bbox\":[678.5,182.3,735.0,238.3],\"lines\":[{\"bbox\":[678.5,182.3,734.3,196.6],\"text\":\"$1,656,623\"},{\"bbox\":[723.2,196.2,734.5,209.8],\"text\":\"—\"},{\"bbox\":[685.1,210.1,734.8,224.3],\"text\":\"1,740,000\"},{\"bbox\":[685.3,224.0,735.0,238.2],\"text\":\"2,119,481\"}],\"order\":15,\"text\":\"$1,656,623\\n—\\n1,740,000\\n2,119,481\"},{\"bbox\":[755.6,180.9,818.3,237.0],\"lines\":[{\"bbox\":[755.6,180.9,817.6,195.4],\"text\":\"$ 2,775,182\"},{\"bbox\":[783.7,194.8,817.8,208.8],\"text\":\"90,809\"},{\"bbox\":[768.4,208.7,818.1,222.9],\"text\":\"3,040,000\"},{\"bbox\":[768.7,222.6,818.3,236.8],\"text\":\"4,184,292\"}],\"order\":16,\"text\":\"$ 2,775,182\\n90,809\\n3,040,000\\n4,184,292\"},{\"bbox\":[68.5,254.0,93.6,267.9],\"lines\":[{\"bbox\":[68.5,254.0,93.6,267.9],\"text\":\"Total\"}],\"order\":17,\"text\":\"Total\"},{\"bbox\":[269.1,250.1,318.7,264.1],\"lines\":[{\"bbox\":[269.1,250.1,318.7,264.1],\"text\":\"$694,652\"}],\"order\":18,\"text\":\"$694,652\"},{\"bbox\":[355.5,248.9,402.0,263.1],\"lines\":[{\"bbox\":[355.5,248.9,402.0,263.1],\"text\":\"$759,971\"}],\"order\":19,\"text\":\"$759,971\"},{\"bbox\":[429.5,247.6,485.3,261.9],\"lines\":[{\"bbox\":[429.5,247.6,485.3,261.9],\"text\":\"$1,426,827\"}],\"order\":20,\"text\":\"$1,426,827\"},{\"bbox\":[520.7,246.2,567.3,260.4],\"lines\":[{\"bbox\":[520.7,246.2,567.3,260.4],\"text\":\"$461,396\"}],\"order\":21,\"text\":\"$461,396\"},{\"bbox\":[596.2,244.8,652.0,259.1],\"lines\":[{\"bbox\":[596.2,244.8,652.0,259.1],\"text\":\"$1,231,333\"}],\"order\":22,\"text\":\"$1,231,333\"},{\"bbox\":[679.5,243.4,735.3,257.8],\"lines\":[{\"bbox\":[679.5,243.4,735.3,257.8],\"text\":\"$5,516,104\"}],\"order\":23,\"text\":\"$5,516,104\"},{\"bbox\":[756.6,242.0,818.6,256.5],\"lines\":[{\"bbox\":[756.6,242.0,818.6,256.5],\"text\":\"$10,090,283\"}],\"order\":24,\"text\":\"$10,090,283\"},{\"bbox\":[69.6,286.4,432.3,490.8],\"lines\":[{\"bbox\":[69.6,286.4,429.2,307.5],\"text\":\"As of December 31, 2017, we had $156.5 million of consolidated\"},{\"bbox\":[69.9,303.1,429.5,324.2],\"text\":\"cash on hand, inclusive of $28.6 million of marketable securities.\"},{\"bbox\":[70.2,319.8,429.8,340.8],\"text\":\"We expect to generate positive cash flow from operations for\"},{\"bbox\":[70.5,336.4,430.0,357.5],\"text\":\"the foreseeable future. We may seek to divest of properties or\"},{\"bbox\":[70.7,353.1,430.3,374.1],\"text\":\"interests in properties or access private and public debt and\"},{\"bbox\":[71.0,369.7,430.6,390.8],\"text\":\"equity capital when the opportunity presents itself, although\"},{\"bbox\":[71.3,386.4,430.8,407.5],\"text\":\"there is no guarantee that this capital will be made available to\"},{\"bbox\":[71.6,403.1,431.2,424.1],\"text\":\"us at efficient levels or at all. Management believes that these\"},{\"bbox\":[71.9,419.7,431.5,440.8],\"text\":\"sources of liquidity, if we are able to access them, along with\"},{\"bbox\":[72.1,436.4,431.7,457.4],\"text\":\"potential refinancing opportunities for secured debt, will allow\"},{\"bbox\":[72.4,453.1,432.0,474.1],\"text\":\"us to satisfy our debt obligations, as described above, upon\"},{\"bbox\":[72.7,473.6,198.2,490.8],\"text\":\"maturity, if not before.\"}],\"order\":25,\"text\":\"As of December 31, 2017, we had $156.5 million of consolidated\\ncash on hand, inclusive of $28.6 million of marketable securities.\\nWe expect to generate positive cash flow from operations for\\nthe foreseeable future. We may seek to divest of properties or\\ninterests in properties or access private and public debt and\\nequity capital when the opportunity presents itself, although\\nthere is no guarantee that this capital will be made available to\\nus at efficient levels or at all. Management believes that these\\nsources of liquidity, if we are able to access them, along with\\npotential refinancing opportunities for secured debt, will allow\\nus to satisfy our debt obligations, as described above, upon\\nmaturity, if not before.\"},{\"bbox\":[73.1,492.6,434.6,630.3],\"lines\":[{\"bbox\":[73.1,492.6,432.6,513.7],\"text\":\"We also have investments in several real estate joint ventures\"},{\"bbox\":[73.3,509.3,432.9,530.3],\"text\":\"with various partners who we consider to be financially stable\"},{\"bbox\":[73.6,525.9,433.2,547.0],\"text\":\"and who have the ability to fund a capital call when needed.\"},{\"bbox\":[73.9,542.6,433.5,563.7],\"text\":\"Most of our joint ventures are financed with non-recourse debt.\"},{\"bbox\":[74.2,559.3,433.7,580.3],\"text\":\"We believe that property level cash flows along with unfunded\"},{\"bbox\":[74.4,575.9,434.0,597.0],\"text\":\"committed indebtedness and proceeds from the refinancing of\"},{\"bbox\":[74.7,592.6,434.3,613.6],\"text\":\"outstanding secured indebtedness will be sufficient to fund the\"},{\"bbox\":[75.0,611.0,326.5,630.3],\"text\":\"capital needs of our joint venture properties.\"}],\"order\":26,\"text\":\"We also have investments in several real estate joint ventures\\nwith various partners who we consider to be financially stable\\nand who have the ability to fund a capital call when needed.\\nMost of our joint ventures are financed with non-recourse debt.\\nWe believe that property level cash flows along with unfunded\\ncommitted indebtedness and proceeds from the refinancing of\\noutstanding secured indebtedness will be sufficient to fund the\\ncapital needs of our joint venture properties.\"},{\"bbox\":[75.8,656.7,436.5,744.8],\"lines\":[{\"bbox\":[75.8,661.3,158.9,677.7],\"text\":\"CASH FLOWS\"},{\"bbox\":[76.1,673.8,435.6,694.9],\"text\":\"The following summary discussion of our cash flows is based\"},{\"bbox\":[76.3,690.5,435.9,711.5],\"text\":\"on our consolidated statements of cash flows in the Financial\"},{\"bbox\":[76.6,707.1,436.2,728.2],\"text\":\"Statements and is not meant to be an all-inclusive discussion of\"},{\"bbox\":[76.9,724.1,415.7,744.8],\"text\":\"the changes in our cash flows for the years presented below.\"}],\"order\":27,\"text\":\"CASH FLOWS\\nThe following summary discussion of our cash flows is based\\non our consolidated statements of cash flows in the Financial\\nStatements and is not meant to be an all-inclusive discussion of\\nthe changes in our cash flows for the years presented below.\"},{\"bbox\":[77.3,746.7,437.7,817.7],\"lines\":[{\"bbox\":[77.3,746.7,436.8,767.8],\"text\":\"Cash and cash equivalents were $127.9 million and $279.4 mil-\"},{\"bbox\":[77.5,763.4,437.1,784.4],\"text\":\"lion at December 31, 2017 and 2016, respectively, representing\"},{\"bbox\":[77.8,780.0,437.4,801.1],\"text\":\"a decrease of $151.5 million. The decrease was a result of the\"},{\"bbox\":[78.1,798.3,338.9,817.7],\"text\":\"following changes in cash flows (in thousands):\"}],\"order\":28,\"text\":\"Cash and cash equivalents were $127.9 million and $279.4 mil-\\nlion at December 31, 2017 and 2016, respectively, representing\\na decrease of $151.5 million. The decrease was a result of the\\nfollowing changes in cash flows (in thousands):\"},{\"bbox\":[273.8,835.4,406.0,851.0],\"lines\":[{\"bbox\":[273.8,835.4,406.0,851.0],\"text\":\"Year Ended December 31,\"}],\"order\":29,\"text\":\"Year Ended December 31,\"},{\"bbox\":[79.1,855.2,373.7,887.2],\"lines\":[{\"bbox\":[90.2,855.2,373.5,873.1],\"text\":\"\\t\\t\\t\\t\"},{\"bbox\":[79.3,873.4,112.6,887.2],\"text\":\"\\t\\t\\t\"},{\"bbox\":[261.9,870.5,287.8,884.1],\"text\":\"2017\"},{\"bbox\":[336.8,869.3,362.8,882.9],\"text\":\"2016\"}],\"order\":30,\"text\":\"\\t\\t\\t\\t\\n\\t\\t\\t\\n2017\\n2016\"},{\"bbox\":[79.6,891.3,220.0,976.5],\"lines\":[{\"bbox\":[79.6,891.8,188.9,907.0],\"text\":\"Net cash provided by\"},{\"bbox\":[90.9,905.7,188.7,920.7],\"text\":\"operating activities\"},{\"bbox\":[80.1,919.1,219.3,934.8],\"text\":\"Net cash (used in) provided\"},{\"bbox\":[91.4,933.3,200.2,948.5],\"text\":\"by investing activities\"},{\"bbox\":[80.5,946.8,219.8,962.6],\"text\":\"Net cash (used in) provided\"},{\"bbox\":[91.9,961.0,201.2,976.3],\"text\":\"by financing activities\"}],\"order\":31,\"text\":\"Net cash provided by\\noperating activities\\nNet cash (used in) provided\\nby investing activities\\nNet cash (used in) provided\\nby financing activities\"},{\"bbox\":[385.3,854.0,442.1,882.1],\"lines\":[{\"bbox\":[385.3,854.0,441.9,868.2],\"text\":\"(Decrease)\"},{\"bbox\":[394.2,868.0,438.8,881.9],\"text\":\"Increase\"}],\"order\":32,\"text\":\"(Decrease)\\nIncrease\"},{\"bbox\":[238.7,904.0,288.4,918.3],\"lines\":[{\"bbox\":[238.7,904.0,288.4,918.3],\"text\":\"$ 548,373\"}],\"order\":33,\"text\":\"$ 548,373\"},{\"bbox\":[304.0,903.7,310.4,917.2],\"lines\":[{\"bbox\":[304.0,903.7,310.4,917.2],\"text\":\"$\"}],\"order\":34,\"text\":\"$\"},{\"bbox\":[239.4,931.8,291.7,946.0],\"lines\":[{\"bbox\":[239.4,931.8,291.7,946.0],\"text\":\"$ (18,851)\"}],\"order\":35,\"text\":\"$ (18,851)\"},{\"bbox\":[304.9,930.6,363.8,945.0],\"lines\":[{\"bbox\":[304.9,930.6,363.8,945.0],\"text\":\"$ 2,122,570\"}],\"order\":36,\"text\":\"$ 2,122,570\"},{\"bbox\":[381.1,929.3,442.7,943.7],\"lines\":[{\"bbox\":[381.1,929.3,442.7,943.7],\"text\":\"$(2,141,421)\"}],\"order\":37,\"text\":\"$(2,141,421)\"},{\"bbox\":[239.9,959.5,292.2,973.8],\"lines\":[{\"bbox\":[239.9,959.5,292.2,973.8],\"text\":\"$(681,077)\"}],\"order\":38,\"text\":\"$(681,077)\"},{\"bbox\":[305.6,958.3,367.2,972.7],\"lines\":[{\"bbox\":[305.6,958.3,367.2,972.7],\"text\":\"$(2,733,240)\"}],\"order\":39,\"text\":\"$(2,733,240)\"},{\"bbox\":[381.4,957.1,440.3,971.5],\"lines\":[{\"bbox\":[381.4,957.1,440.3,971.5],\"text\":\"$ 2,052,163\"}],\"order\":40,\"text\":\"$ 2,052,163\"},{\"bbox\":[323.0,902.8,363.4,916.9],\"lines\":[{\"bbox\":[323.0,902.8,363.4,916.9],\"text\":\"634,714\"}],\"order\":41,\"text\":\"634,714\"},{\"bbox\":[380.7,902.4,387.1,915.9],\"lines\":[{\"bbox\":[380.7,902.4,387.1,915.9],\"text\":\"$\"}],\"order\":42,\"text\":\"$\"},{\"bbox\":[402.3,901.5,442.3,915.6],\"lines\":[{\"bbox\":[402.3,901.5,442.3,915.6],\"text\":\"(86,341)\"}],\"order\":43,\"text\":\"(86,341)\"},{\"bbox\":[81.4,994.7,442.7,1115.7],\"lines\":[{\"bbox\":[81.4,994.7,441.0,1015.7],\"text\":\"Our principal source of operating cash flow is related to the leasing\"},{\"bbox\":[81.7,1011.3,441.2,1032.4],\"text\":\"and operating of the properties in our portfolio. Our properties\"},{\"bbox\":[81.9,1028.0,441.5,1049.1],\"text\":\"provide a relatively consistent stream of cash flow that provides us\"},{\"bbox\":[82.2,1044.7,441.8,1065.7],\"text\":\"with resources to pay operating expenses, debt service, and fund\"},{\"bbox\":[82.5,1061.3,442.1,1082.4],\"text\":\"quarterly dividend and distribution requirements. Our debt and\"},{\"bbox\":[82.8,1078.0,442.4,1099.0],\"text\":\"preferred equity investments and joint venture investments also\"},{\"bbox\":[83.0,1095.9,367.7,1115.7],\"text\":\"provide a steady stream of operating cash flow to us.\"}],\"order\":44,\"text\":\"Our principal source of operating cash flow is related to the leasing\\nand operating of the properties in our portfolio. Our properties\\nprovide a relatively consistent stream of cash flow that provides us\\nwith resources to pay operating expenses, debt service, and fund\\nquarterly dividend and distribution requirements. Our debt and\\npreferred equity investments and joint venture investments also\\nprovide a steady stream of operating cash flow to us.\"},{\"bbox\":[84.2,1170.1,287.9,1183.3],\"lines\":[{\"bbox\":[84.2,1170.1,287.9,1183.3],\"text\":\"54 / SL GREEN REALTY CORP. 2017 ANNUAL REPORT\"}],\"order\":45,\"text\":\"54 / SL GREEN REALTY CORP. 2017 ANNUAL REPORT\"},{\"bbox\":[460.2,280.0,822.1,434.3],\"lines\":[{\"bbox\":[460.2,280.0,819.8,301.0],\"text\":\"Cash is used in investing activities to fund acquisitions, develop-\"},{\"bbox\":[460.5,296.6,820.1,317.7],\"text\":\"ment or redevelopment projects and recurring and nonrecurring\"},{\"bbox\":[460.8,313.3,820.3,334.3],\"text\":\"capital expenditures. We selectively invest in new projects\"},{\"bbox\":[461.0,330.0,820.6,351.0],\"text\":\"that enable us to take advantage of our development, leasing,\"},{\"bbox\":[461.3,346.6,820.9,367.7],\"text\":\"financing and property management skills, and invest in exist-\"},{\"bbox\":[461.6,363.3,821.2,384.3],\"text\":\"ing buildings that meet our investment criteria. During the year\"},{\"bbox\":[461.9,379.9,821.5,401.0],\"text\":\"ended December 31, 2017, when compared to the year ended\"},{\"bbox\":[462.1,396.6,821.8,417.6],\"text\":\"December 31, 2016, we used cash primarily for the following\"},{\"bbox\":[462.4,416.1,651.0,434.3],\"text\":\"investing activities (in thousands):\"}],\"order\":46,\"text\":\"Cash is used in investing activities to fund acquisitions, develop-\\nment or redevelopment projects and recurring and nonrecurring\\ncapital expenditures. We selectively invest in new projects\\nthat enable us to take advantage of our development, leasing,\\nfinancing and property management skills, and invest in exist-\\ning buildings that meet our investment criteria. During the year\\nended December 31, 2017, when compared to the year ended\\nDecember 31, 2016, we used cash primarily for the following\\ninvesting activities (in thousands):\"},{\"bbox\":[463.1,455.4,751.5,584.6],\"lines\":[{\"bbox\":[463.1,455.4,749.7,473.5],\"text\":\"Acquisitions of real estate\\t\\t\"},{\"bbox\":[463.3,469.2,749.9,487.4],\"text\":\"Capital expenditures and capitalized interest\\t\\t\"},{\"bbox\":[463.6,484.0,698.9,501.3],\"text\":\"Escrow cash-capital improvements/acquisition\"},{\"bbox\":[474.9,497.0,750.4,515.0],\"text\":\"deposits/deferred purchase price\\t\\t\"},{\"bbox\":[464.0,510.9,750.6,529.1],\"text\":\"Joint venture investments\\t\\t\"},{\"bbox\":[464.3,524.8,750.9,543.0],\"text\":\"Distributions from joint ventures\\t\\t\"},{\"bbox\":[464.5,540.5,639.9,556.8],\"text\":\"Proceeds from sales of real estate/\"},{\"bbox\":[475.8,552.6,751.3,570.5],\"text\":\"partial interest in property\\t\\t\"},{\"bbox\":[464.9,566.4,751.5,584.6],\"text\":\"Debt and preferred equity and other investments\\t\\t\"}],\"order\":47,\"text\":\"Acquisitions of real estate\\t\\t\\nCapital expenditures and capitalized interest\\t\\t\\nEscrow cash-capital improvements/acquisition\\ndeposits/deferred purchase price\\t\\t\\nJoint venture investments\\t\\t\\nDistributions from joint ventures\\t\\t\\nProceeds from sales of real estate/\\npartial interest in property\\t\\t\\nDebt and preferred equity and other investments\\t\\t\"},{\"bbox\":[763.7,455.0,770.1,468.5],\"lines\":[{\"bbox\":[763.7,455.0,770.1,468.5],\"text\":\"$\"}],\"order\":48,\"text\":\"$\"},{\"bbox\":[788.5,454.1,822.9,482.0],\"lines\":[{\"bbox\":[788.5,454.1,822.7,468.1],\"text\":\"24,080\"},{\"bbox\":[788.7,468.0,822.9,482.0],\"text\":\"76,697\"}],\"order\":49,\"text\":\"24,080\\n76,697\"},{\"bbox\":[465.3,585.9,751.9,604.1],\"lines\":[{\"bbox\":[465.3,585.9,751.9,604.1],\"text\":\"Increase in net cash used in investing activities\\t\\t\"}],\"order\":50,\"text\":\"Increase in net cash used in investing activities\\t\\t\"},{\"bbox\":[766.1,584.6,827.7,599.1],\"lines\":[{\"bbox\":[766.1,584.6,827.7,599.1],\"text\":\"$(2,141,421)\"}],\"order\":51,\"text\":\"$(2,141,421)\"},{\"bbox\":[780.1,495.8,826.7,537.7],\"lines\":[{\"bbox\":[786.3,495.8,826.2,509.8],\"text\":\"(95,873)\"},{\"bbox\":[780.3,509.6,826.5,523.8],\"text\":\"(304,793)\"},{\"bbox\":[783.4,523.6,823.8,537.7],\"text\":\"123,534\"}],\"order\":52,\"text\":\"(95,873)\\n(304,793)\\n123,534\"},{\"bbox\":[771.7,551.3,827.4,579.5],\"lines\":[{\"bbox\":[771.7,551.3,827.2,565.6],\"text\":\"(1,830,037)\"},{\"bbox\":[781.2,565.2,827.4,579.4],\"text\":\"(135,029)\"}],\"order\":53,\"text\":\"(1,830,037)\\n(135,029)\"},{\"bbox\":[465.9,622.3,826.9,726.6],\"lines\":[{\"bbox\":[465.9,622.3,825.4,643.3],\"text\":\"Funds spent on capital expenditures, which are comprised of\"},{\"bbox\":[466.2,638.9,825.7,660.0],\"text\":\"building and tenant improvements, decreased from $412.0 mil-\"},{\"bbox\":[466.4,655.6,826.0,676.7],\"text\":\"lion for the year ended December 31, 2016 to $335.3 million\"},{\"bbox\":[466.7,672.3,826.4,693.3],\"text\":\"for the year ended December 31, 2017. The decrease in capital\"},{\"bbox\":[467.0,688.9,826.6,710.0],\"text\":\"expenditures relates primarily to lower costs incurred in connec-\"},{\"bbox\":[467.3,707.6,707.8,726.6],\"text\":\"tion with the redevelopment of properties.\"}],\"order\":54,\"text\":\"Funds spent on capital expenditures, which are comprised of\\nbuilding and tenant improvements, decreased from $412.0 mil-\\nlion for the year ended December 31, 2016 to $335.3 million\\nfor the year ended December 31, 2017. The decrease in capital\\nexpenditures relates primarily to lower costs incurred in connec-\\ntion with the redevelopment of properties.\"},{\"bbox\":[467.6,728.5,829.5,882.8],\"lines\":[{\"bbox\":[467.6,728.5,827.2,749.6],\"text\":\"We generally fund our investment activity through the sale of\"},{\"bbox\":[467.9,745.2,827.5,766.2],\"text\":\"real estate, property-level financing, our credit facilities, our\"},{\"bbox\":[468.2,761.8,827.8,782.9],\"text\":\"MRA facilities, senior unsecured notes, convertible or exchange-\"},{\"bbox\":[468.5,778.5,828.0,799.5],\"text\":\"able securities, and construction loans. From time to time, the\"},{\"bbox\":[468.8,795.1,828.3,816.2],\"text\":\"Company may issue common or preferred stock, or the Operating\"},{\"bbox\":[469.0,811.8,828.6,832.9],\"text\":\"Partnership may issue common or preferred units of limited part-\"},{\"bbox\":[469.3,828.5,828.9,849.5],\"text\":\"nership interest. During the year ended December 31, 2017, when\"},{\"bbox\":[469.6,845.1,829.2,866.2],\"text\":\"compared to the year ended December 31, 2016, we used cash\"},{\"bbox\":[469.9,863.1,747.5,882.8],\"text\":\"for the following financing activities (in thousands):\"}],\"order\":55,\"text\":\"We generally fund our investment activity through the sale of\\nreal estate, property-level financing, our credit facilities, our\\nMRA facilities, senior unsecured notes, convertible or exchange-\\nable securities, and construction loans. From time to time, the\\nCompany may issue common or preferred stock, or the Operating\\nPartnership may issue common or preferred units of limited part-\\nnership interest. During the year ended December 31, 2017, when\\ncompared to the year ended December 31, 2016, we used cash\\nfor the following financing activities (in thousands):\"},{\"bbox\":[470.5,903.9,759.2,1047.1],\"lines\":[{\"bbox\":[470.5,903.9,757.1,922.1],\"text\":\"Proceeds from our debt obligations\\t\\t\"},{\"bbox\":[470.8,917.8,757.4,936.0],\"text\":\"Repayments of our debt obligations\\t\\t\"},{\"bbox\":[471.0,931.7,757.6,949.8],\"text\":\"Net distribution to noncontrolling interests\\t\\t\"},{\"bbox\":[471.2,945.6,757.8,963.7],\"text\":\"Other financing activities\\t\\t\"},{\"bbox\":[471.5,960.6,690.1,977.6],\"text\":\"Proceeds from stock options exercised and\"},{\"bbox\":[482.8,973.3,758.3,991.3],\"text\":\"DRSPP issuance\\t\\t\"},{\"bbox\":[471.9,987.2,758.5,1005.4],\"text\":\"Proceeds from sale of common stock\\t\\t\"},{\"bbox\":[472.1,1001.1,758.8,1019.3],\"text\":\"Repurchase of common stock\\t\\t\"},{\"bbox\":[472.4,1015.0,759.0,1033.2],\"text\":\"Redemption of preferred stock\\t\\t\"},{\"bbox\":[472.6,1028.9,759.2,1047.1],\"text\":\"Dividends and distributions paid\\t\\t\"}],\"order\":56,\"text\":\"Proceeds from our debt obligations\\t\\t\\nRepayments of our debt obligations\\t\\t\\nNet distribution to noncontrolling interests\\t\\t\\nOther financing activities\\t\\t\\nProceeds from stock options exercised and\\nDRSPP issuance\\t\\t\\nProceeds from sale of common stock\\t\\t\\nRepurchase of common stock\\t\\t\\nRedemption of preferred stock\\t\\t\\nDividends and distributions paid\\t\\t\"},{\"bbox\":[774.3,902.6,833.7,958.7],\"lines\":[{\"bbox\":[774.3,902.7,830.1,917.0],\"text\":\"$1,921,465\"},{\"bbox\":[789.9,916.6,830.3,930.7],\"text\":\"977,665\"},{\"bbox\":[799.6,930.4,833.4,944.4],\"text\":\"(4,706)\"},{\"bbox\":[793.7,944.3,833.7,958.4],\"text\":\"(27,947)\"}],\"order\":57,\"text\":\"$1,921,465\\n977,665\\n(4,706)\\n(27,947)\"},{\"bbox\":[472.9,1048.3,759.5,1066.5],\"lines\":[{\"bbox\":[472.9,1048.3,759.5,1066.5],\"text\":\"Increase in net cash provided by financing activities\\t\\t\"}],\"order\":58,\"text\":\"Increase in net cash provided by financing activities\\t\\t\"},{\"bbox\":[776.7,1047.1,832.5,1061.5],\"lines\":[{\"bbox\":[776.7,1047.1,832.5,1061.5],\"text\":\"$2,052,163\"}],\"order\":59,\"text\":\"$2,052,163\"},{\"bbox\":[788.0,972.1,835.0,1041.8],\"lines\":[{\"bbox\":[803.2,972.1,831.2,986.0],\"text\":\"8,428\"},{\"bbox\":[820.1,986.0,831.5,999.6],\"text\":\"—\"},{\"bbox\":[788.4,999.9,834.6,1014.0],\"text\":\"(806,302)\"},{\"bbox\":[803.9,1013.8,831.9,1027.7],\"text\":\"3,024\"},{\"bbox\":[795.1,1027.6,835.0,1041.7],\"text\":\"(19,464)\"}],\"order\":60,\"text\":\"8,428\\n—\\n(806,302)\\n3,024\\n(19,464)\"}],\"doc\":\"fintabnet:SLG_2017\",\"dpi\":100,\"image_px\":[900,1225],\"layout\":[],\"markdown\":\"The combined aggregate principal maturities of our property mortgages and other loans payable, corporate obligations and our share\\nof joint venture debt, including as-of-right extension options, as of December 31, 2017 were as follows (in thousands):\\n\\n\\t\\t\\t\\n\\n2018\\n\\n2019\\n\\n2020\\n\\n2021\\n\\n2022\\n\\nThereafter\\n\\nTotal\\n\\nProperty mortgages and other loans\\nMRA and FHLB facilities\\nCorporate obligations\\nJoint venture debt-our share\\n\\n$153,593\\n90,809\\n250,000\\n200,250\\n\\n$ 42,289\\n—\\n—\\n717,682\\n\\n$ 703,018\\n—\\n250,000\\n473,809\\n\\n$ 11,656\\n—\\n—\\n449,740\\n\\n$ 208,003\\n—\\n800,000\\n223,330\\n\\n$1,656,623\\n—\\n1,740,000\\n2,119,481\\n\\n$ 2,775,182\\n90,809\\n3,040,000\\n4,184,292\\n\\nTotal\\n\\n$694,652\\n\\n$759,971\\n\\n$1,426,827\\n\\n$461,396\\n\\n$1,231,333\\n\\n$5,516,104\\n\\n$10,090,283\\n\\nAs of December 31, 2017, we had $156.5 million of consolidated\\ncash on hand, inclusive of $28.6 million of marketable securities.\\nWe expect to generate positive cash flow from operations for\\nthe foreseeable future. We may seek to divest of properties or\\ninterests in properties or access private and public debt and\\nequity capital when the opportunity presents itself, although\\nthere is no guarantee that this capital will be made available to\\nus at efficient levels or at all. Management believes that these\\nsources of liquidity, if we are able to access them, along with\\npotential refinancing opportunities for secured debt, will allow\\nus to satisfy our debt obligations, as described above, upon\\nmaturity, if not before.\\n\\nWe also have investments in several real estate joint ventures\\nwith various partners who we consider to be financially stable\\nand who have the ability to fund a capital call when needed.\\nMost of our joint ventures are financed with non-recourse debt.\\nWe believe that property level cash flows along with unfunded\\ncommitted indebtedness and proceeds from the refinancing of\\noutstanding secured indebtedness will be sufficient to fund the\\ncapital needs of our joint venture properties.\\n\\nCASH FLOWS\\nThe following summary discussion of our cash flows is based\\non our consolidated statements of cash flows in the Financial\\nStatements and is not meant to be an all-inclusive discussion of\\nthe changes in our cash flows for the years presented below.\\n\\nCash and cash equivalents were $127.9 million and $279.4 mil-\\nlion at December 31, 2017 and 2016, respectively, representing\\na decrease of $151.5 million. The decrease was a result of the\\nfollowing changes in cash flows (in thousands):\\n\\nYear Ended December 31,\\n\\n\\t\\t\\t\\t\\n\\t\\t\\t\\n2017\\n2016\\n\\nNet cash provided by\\noperating activities\\nNet cash (used in) provided\\nby investing activities\\nNet cash (used in) provided\\nby financing activities\\n\\n(Decrease)\\nIncrease\\n\\n$ 548,373\\n\\n$\\n\\n$ (18,851)\\n\\n$ 2,122,570\\n\\n$(2,141,421)\\n\\n$(681,077)\\n\\n$(2,733,240)\\n\\n$ 2,052,163\\n\\n634,714\\n\\n$\\n\\n(86,341)\\n\\nOur principal source of operating cash flow is related to the leasing\\nand operating of the properties in our portfolio. Our properties\\nprovide a relatively consistent stream of cash flow that provides us\\nwith resources to pay operating expenses, debt service, and fund\\nquarterly dividend and distribution requirements. Our debt and\\npreferred equity investments and joint venture investments also\\nprovide a steady stream of operating cash flow to us.\\n\\n54 / SL GREEN REALTY CORP. 2017 ANNUAL REPORT\\n\\nCash is used in investing activities to fund acquisitions, develop-\\nment or redevelopment projects and recurring and nonrecurring\\ncapital expenditures. We selectively invest in new projects\\nthat enable us to take advantage of our development, leasing,\\nfinancing and property management skills, and invest in exist-\\ning buildings that meet our investment criteria. During the year\\nended December 31, 2017, when compared to the year ended\\nDecember 31, 2016, we used cash primarily for the following\\ninvesting activities (in thousands):\\n\\nAcquisitions of real estate\\t\\t\\nCapital expenditures and capitalized interest\\t\\t\\nEscrow cash-capital improvements/acquisition\\ndeposits/deferred purchase price\\t\\t\\nJoint venture investments\\t\\t\\nDistributions from joint ventures\\t\\t\\nProceeds from sales of real estate/\\npartial interest in property\\t\\t\\nDebt and preferred equity and other investments\\t\\t\\n\\n$\\n\\n24,080\\n76,697\\n\\nIncrease in net cash used in investing activities\\t\\t\\n\\n$(2,141,421)\\n\\n(95,873)\\n(304,793)\\n123,534\\n\\n(1,830,037)\\n(135,029)\\n\\nFunds spent on capital expenditures, which are comprised of\\nbuilding and tenant improvements, decreased from $412.0 mil-\\nlion for the year ended December 31, 2016 to $335.3 million\\nfor the year ended December 31, 2017. The decrease in capital\\nexpenditures relates primarily to lower costs incurred in connec-\\ntion with the redevelopment of properties.\\n\\nWe generally fund our investment activity through the sale of\\nreal estate, property-level financing, our credit facilities, our\\nMRA facilities, senior unsecured notes, convertible or exchange-\\nable securities, and construction loans. From time to time, the\\nCompany may issue common or preferred stock, or the Operating\\nPartnership may issue common or preferred units of limited part-\\nnership interest. During the year ended December 31, 2017, when\\ncompared to the year ended December 31, 2016, we used cash\\nfor the following financing activities (in thousands):\\n\\nProceeds from our debt obligations\\t\\t\\nRepayments of our debt obligations\\t\\t\\nNet distribution to noncontrolling interests\\t\\t\\nOther financing activities\\t\\t\\nProceeds from stock options exercised and\\nDRSPP issuance\\t\\t\\nProceeds from sale of common stock\\t\\t\\nRepurchase of common stock\\t\\t\\nRedemption of preferred stock\\t\\t\\nDividends and distributions paid\\t\\t\\n\\n$1,921,465\\n977,665\\n(4,706)\\n(27,947)\\n\\nIncrease in net cash provided by financing activities\\t\\t\\n\\n$2,052,163\\n\\n8,428\\n—\\n(806,302)\\n3,024\\n(19,464)\",\"name\":\"fintabnet.SLG_2017_page_56__100dpi_mild\",\"page_id\":\"fintabnet.SLG_2017_page_56\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.95,\"source\":\"fintabnet\",\"source_id\":\"SLG_2017_page_56\",\"stack\":[{\"deg\":0.95,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.573},{\"op\":\"noise\",\"sigma\":2.206},{\"op\":\"jpeg\",\"q\":84}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[78.7,834.8,443.6,976.5],\"block_orders\":[29,30,31,32,33,34,35,36,37,38,39,40,41,42,43],\"cells\":null},{\"bbox\":[463.1,454.1,827.7,604.1],\"block_orders\":[47,48,49,50,51,52,53],\"cells\":null},{\"bbox\":[470.5,902.6,835.4,1066.5],\"block_orders\":[56,57,58,59,60],\"cells\":null}],\"text\":\"The combined aggregate principal maturities of our property mortgages and other loans payable, corporate obligations and our share\\nof joint venture debt, including as-of-right extension options, as of December 31, 2017 were as follows (in thousands):\\n\\n\\t\\t\\t\\n\\n2018\\n\\n2019\\n\\n2020\\n\\n2021\\n\\n2022\\n\\nThereafter\\n\\nTotal\\n\\nProperty mortgages and other loans\\nMRA and FHLB facilities\\nCorporate obligations\\nJoint venture debt-our share\\n\\n$153,593\\n90,809\\n250,000\\n200,250\\n\\n$ 42,289\\n—\\n—\\n717,682\\n\\n$ 703,018\\n—\\n250,000\\n473,809\\n\\n$ 11,656\\n—\\n—\\n449,740\\n\\n$ 208,003\\n—\\n800,000\\n223,330\\n\\n$1,656,623\\n—\\n1,740,000\\n2,119,481\\n\\n$ 2,775,182\\n90,809\\n3,040,000\\n4,184,292\\n\\nTotal\\n\\n$694,652\\n\\n$759,971\\n\\n$1,426,827\\n\\n$461,396\\n\\n$1,231,333\\n\\n$5,516,104\\n\\n$10,090,283\\n\\nAs of December 31, 2017, we had $156.5 million of consolidated\\ncash on hand, inclusive of $28.6 million of marketable securities.\\nWe expect to generate positive cash flow from operations for\\nthe foreseeable future. We may seek to divest of properties or\\ninterests in properties or access private and public debt and\\nequity capital when the opportunity presents itself, although\\nthere is no guarantee that this capital will be made available to\\nus at efficient levels or at all. Management believes that these\\nsources of liquidity, if we are able to access them, along with\\npotential refinancing opportunities for secured debt, will allow\\nus to satisfy our debt obligations, as described above, upon\\nmaturity, if not before.\\n\\nWe also have investments in several real estate joint ventures\\nwith various partners who we consider to be financially stable\\nand who have the ability to fund a capital call when needed.\\nMost of our joint ventures are financed with non-recourse debt.\\nWe believe that property level cash flows along with unfunded\\ncommitted indebtedness and proceeds from the refinancing of\\noutstanding secured indebtedness will be sufficient to fund the\\ncapital needs of our joint venture properties.\\n\\nCASH FLOWS\\nThe following summary discussion of our cash flows is based\\non our consolidated statements of cash flows in the Financial\\nStatements and is not meant to be an all-inclusive discussion of\\nthe changes in our cash flows for the years presented below.\\n\\nCash and cash equivalents were $127.9 million and $279.4 mil-\\nlion at December 31, 2017 and 2016, respectively, representing\\na decrease of $151.5 million. The decrease was a result of the\\nfollowing changes in cash flows (in thousands):\\n\\nYear Ended December 31,\\n\\n\\t\\t\\t\\t\\n\\t\\t\\t\\n2017\\n2016\\n\\nNet cash provided by\\noperating activities\\nNet cash (used in) provided\\nby investing activities\\nNet cash (used in) provided\\nby financing activities\\n\\n(Decrease)\\nIncrease\\n\\n$ 548,373\\n\\n$\\n\\n$ (18,851)\\n\\n$ 2,122,570\\n\\n$(2,141,421)\\n\\n$(681,077)\\n\\n$(2,733,240)\\n\\n$ 2,052,163\\n\\n634,714\\n\\n$\\n\\n(86,341)\\n\\nOur principal source of operating cash flow is related to the leasing\\nand operating of the properties in our portfolio. Our properties\\nprovide a relatively consistent stream of cash flow that provides us\\nwith resources to pay operating expenses, debt service, and fund\\nquarterly dividend and distribution requirements. Our debt and\\npreferred equity investments and joint venture investments also\\nprovide a steady stream of operating cash flow to us.\\n\\n54 / SL GREEN REALTY CORP. 2017 ANNUAL REPORT\\n\\nCash is used in investing activities to fund acquisitions, develop-\\nment or redevelopment projects and recurring and nonrecurring\\ncapital expenditures. We selectively invest in new projects\\nthat enable us to take advantage of our development, leasing,\\nfinancing and property management skills, and invest in exist-\\ning buildings that meet our investment criteria. During the year\\nended December 31, 2017, when compared to the year ended\\nDecember 31, 2016, we used cash primarily for the following\\ninvesting activities (in thousands):\\n\\nAcquisitions of real estate\\t\\t\\nCapital expenditures and capitalized interest\\t\\t\\nEscrow cash-capital improvements/acquisition\\ndeposits/deferred purchase price\\t\\t\\nJoint venture investments\\t\\t\\nDistributions from joint ventures\\t\\t\\nProceeds from sales of real estate/\\npartial interest in property\\t\\t\\nDebt and preferred equity and other investments\\t\\t\\n\\n$\\n\\n24,080\\n76,697\\n\\nIncrease in net cash used in investing activities\\t\\t\\n\\n$(2,141,421)\\n\\n(95,873)\\n(304,793)\\n123,534\\n\\n(1,830,037)\\n(135,029)\\n\\nFunds spent on capital expenditures, which are comprised of\\nbuilding and tenant improvements, decreased from $412.0 mil-\\nlion for the year ended December 31, 2016 to $335.3 million\\nfor the year ended December 31, 2017. The decrease in capital\\nexpenditures relates primarily to lower costs incurred in connec-\\ntion with the redevelopment of properties.\\n\\nWe generally fund our investment activity through the sale of\\nreal estate, property-level financing, our credit facilities, our\\nMRA facilities, senior unsecured notes, convertible or exchange-\\nable securities, and construction loans. From time to time, the\\nCompany may issue common or preferred stock, or the Operating\\nPartnership may issue common or preferred units of limited part-\\nnership interest. During the year ended December 31, 2017, when\\ncompared to the year ended December 31, 2016, we used cash\\nfor the following financing activities (in thousands):\\n\\nProceeds from our debt obligations\\t\\t\\nRepayments of our debt obligations\\t\\t\\nNet distribution to noncontrolling interests\\t\\t\\nOther financing activities\\t\\t\\nProceeds from stock options exercised and\\nDRSPP issuance\\t\\t\\nProceeds from sale of common stock\\t\\t\\nRepurchase of common stock\\t\\t\\nRedemption of preferred stock\\t\\t\\nDividends and distributions paid\\t\\t\\n\\n$1,921,465\\n977,665\\n(4,706)\\n(27,947)\\n\\nIncrease in net cash provided by financing activities\\t\\t\\n\\n$2,052,163\\n\\n8,428\\n—\\n(806,302)\\n3,024\\n(19,464)\"},\"name\":\"fintabnet.SLG_2017_page_56__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":202850,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:SLG_2017\",\"dpi\":100,\"gt_sha256\":\"453aff6fc02890e16e098d73101aede72a44c5bf4c50964c988c41ab223e9fbe\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SLG_2017_page_56__100dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.SLG_2017_page_56\",\"pdf_sha256\":\"e854349e2f8ff772bd861e4e248115c6362bd13c4a03e05504ff742a4e3d09d4\",\"px\":[900,1225],\"scan\":{\"render\":\"00000000649a6ffe7ffe7ff87ee27ff260fe7efc3cfe03f830e23ff238000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"SLG_2017_page_56\",\"src\":{\"file_sha256\":\"25c9b6d6445f8be396a7b1a94f83e674d3999690f90674b9cd6078974f57e5fd\",\"render\":\"00000000749a7ffe7ffe3ffc7ee27ffe607c3ef82cfe2ffc7ee07ffe00000000\",\"text\":\"f12fb234b1c0ad1553067cd35444cd3b4dec59cf3b8cbba0449061e6396c6fcf\"},\"stack\":[{\"deg\":0.95,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.573},{\"op\":\"noise\",\"sigma\":2.206},{\"op\":\"jpeg\",\"q\":84}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e854349e2f8ff772bd861e4e248115c6362bd13c4a03e05504ff742a4e3d09d4\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e854349e2f8ff772bd861e4e248115c6362bd13c4a03e05504ff742a4e3d09d4.pdf","asset_sha256":"e854349e2f8ff772bd861e4e248115c6362bd13c4a03e05504ff742a4e3d09d4","document_id":"fintabnet:SLG_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SLG_2017_page_56\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SNA_2007_page_26\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SNA_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[114.0,230.6,2360.9,325.2],\"lines\":[{\"bbox\":[114.0,230.6,2360.9,277.1],\"text\":\"The following table provides information about each of Snap-on’s principal manufacturing locations and distribution\"},{\"bbox\":[114.0,278.6,1332.5,325.2],\"text\":\"centers (exceeding 50,000 square feet) as of December 29, 2007:\"}],\"order\":0,\"text\":\"The following table provides information about each of Snap-on’s principal manufacturing locations and distribution\\ncenters (exceeding 50,000 square feet) as of December 29, 2007:\"},{\"bbox\":[133.5,377.3,604.5,1191.3],\"lines\":[{\"bbox\":[375.3,377.3,521.2,421.4],\"text\":\"Location\"},{\"bbox\":[133.5,425.1,401.5,469.2],\"text\":\"U.S. Locations:\"},{\"bbox\":[151.8,475.3,472.4,519.4],\"text\":\"Elkmont, Alabama\"},{\"bbox\":[151.8,523.3,481.0,567.4],\"text\":\"Conway, Arkansas\"},{\"bbox\":[151.8,571.3,604.5,615.4],\"text\":\"City of Industry, California\"},{\"bbox\":[151.8,619.3,525.4,663.4],\"text\":\"Escondido, California\"},{\"bbox\":[151.8,667.3,505.6,711.4],\"text\":\"San Jose, California\"},{\"bbox\":[151.8,715.3,492.3,759.4],\"text\":\"Columbus, Georgia\"},{\"bbox\":[151.8,763.3,503.4,807.4],\"text\":\"Crystal Lake, Illinois\"},{\"bbox\":[151.8,811.3,380.1,855.4],\"text\":\"Algona, Iowa\"},{\"bbox\":[151.8,859.3,591.1,903.4],\"text\":\"Olive Branch, Mississippi\"},{\"bbox\":[151.8,907.3,516.6,951.4],\"text\":\"Carson City, Nevada\"},{\"bbox\":[151.8,955.3,560.5,999.3],\"text\":\"Murphy, North Carolina\"},{\"bbox\":[151.8,1003.3,597.8,1047.3],\"text\":\"Robesonia, Pennsylvania\"},{\"bbox\":[151.8,1051.3,587.1,1095.3],\"text\":\"Elizabethton, Tennessee\"},{\"bbox\":[151.8,1099.2,509.9,1143.3],\"text\":\"Kenosha, Wisconsin\"},{\"bbox\":[151.8,1147.2,540.4,1191.3],\"text\":\"Milwaukee, Wisconsin\"}],\"order\":1,\"text\":\"Location\\nU.S. Locations:\\nElkmont, Alabama\\nConway, Arkansas\\nCity of Industry, California\\nEscondido, California\\nSan Jose, California\\nColumbus, Georgia\\nCrystal Lake, Illinois\\nAlgona, Iowa\\nOlive Branch, Mississippi\\nCarson City, Nevada\\nMurphy, North Carolina\\nRobesonia, Pennsylvania\\nElizabethton, Tennessee\\nKenosha, Wisconsin\\nMilwaukee, Wisconsin\"},{\"bbox\":[133.5,1238.7,671.4,2242.7],\"lines\":[{\"bbox\":[133.5,1238.7,487.3,1282.8],\"text\":\"Non-U.S. Locations:\"},{\"bbox\":[151.8,1286.7,558.4,1330.8],\"text\":\"Santo Tome, Argentina\"},{\"bbox\":[151.8,1334.7,411.0,1378.8],\"text\":\"Minsk, Belarus\"},{\"bbox\":[151.8,1382.7,671.4,1426.8],\"text\":\"Santa Barbara D'oeste, Brazil\"},{\"bbox\":[151.8,1430.7,529.7,1474.8],\"text\":\"Mississauga, Canada\"},{\"bbox\":[151.8,1478.7,512.0,1522.8],\"text\":\"Newmarket, Canada\"},{\"bbox\":[151.7,1526.7,433.1,1570.8],\"text\":\"Kunshan, China\"},{\"bbox\":[151.8,1574.7,477.0,1618.7],\"text\":\"Kettering, England\"},{\"bbox\":[151.8,1622.7,514.4,1666.7],\"text\":\"Rotherham, England\"},{\"bbox\":[151.8,1670.7,444.1,1714.7],\"text\":\"Bourges, France\"},{\"bbox\":[151.8,1718.6,626.5,1762.7],\"text\":\"Unterneukirchen, Germany\"},{\"bbox\":[151.8,1766.6,450.7,1810.7],\"text\":\"Sopron, Hungary\"},{\"bbox\":[151.8,1814.6,419.9,1858.7],\"text\":\"Correggio, Italy\"},{\"bbox\":[151.7,1862.6,389.1,1906.7],\"text\":\"Tokyo, Japan\"},{\"bbox\":[151.8,1910.6,611.1,1954.7],\"text\":\"Helmond, the Netherlands\"},{\"bbox\":[151.8,1958.6,569.4,2002.7],\"text\":\"Vila do Conde, Portugal\"},{\"bbox\":[151.8,2006.6,343.0,2050.7],\"text\":\"Irun, Spain\"},{\"bbox\":[151.8,2054.6,386.9,2098.7],\"text\":\"Vitoria, Spain\"},{\"bbox\":[151.8,2102.6,445.9,2146.7],\"text\":\"Bollnäs, Sweden\"},{\"bbox\":[151.8,2150.6,448.1,2194.7],\"text\":\"Edsbyn, Sweden\"},{\"bbox\":[151.8,2198.6,500.7,2242.7],\"text\":\"Sandviken, Sweden\"}],\"order\":2,\"text\":\"Non-U.S. Locations:\\nSanto Tome, Argentina\\nMinsk, Belarus\\nSanta Barbara D'oeste, Brazil\\nMississauga, Canada\\nNewmarket, Canada\\nKunshan, China\\nKettering, England\\nRotherham, England\\nBourges, France\\nUnterneukirchen, Germany\\nSopron, Hungary\\nCorreggio, Italy\\nTokyo, Japan\\nHelmond, the Netherlands\\nVila do Conde, Portugal\\nIrun, Spain\\nVitoria, Spain\\nBollnäs, Sweden\\nEdsbyn, Sweden\\nSandviken, Sweden\"},{\"bbox\":[1027.0,377.3,1311.8,421.4],\"lines\":[{\"bbox\":[1027.0,377.3,1311.8,421.4],\"text\":\"Type of Property\"}],\"order\":3,\"text\":\"Type of Property\"},{\"bbox\":[1647.9,377.3,1908.0,421.4],\"lines\":[{\"bbox\":[1647.9,377.3,1908.0,421.4],\"text\":\"Owned/Leased\"}],\"order\":4,\"text\":\"Owned/Leased\"},{\"bbox\":[2145.5,377.3,2315.6,421.4],\"lines\":[{\"bbox\":[2145.5,377.3,2315.6,421.4],\"text\":\"Segment*\"}],\"order\":5,\"text\":\"Segment*\"},{\"bbox\":[863.6,475.3,1393.3,1191.3],\"lines\":[{\"bbox\":[863.7,475.3,1114.4,519.4],\"text\":\"Manufacturing\"},{\"bbox\":[863.8,523.3,1114.3,567.4],\"text\":\"Manufacturing\"},{\"bbox\":[863.8,571.3,1114.3,615.4],\"text\":\"Manufacturing\"},{\"bbox\":[863.9,619.3,1114.4,663.4],\"text\":\"Manufacturing\"},{\"bbox\":[863.9,667.3,1114.4,711.4],\"text\":\"Manufacturing\"},{\"bbox\":[863.6,715.3,1061.4,759.4],\"text\":\"Distribution\"},{\"bbox\":[863.9,763.3,1061.7,807.4],\"text\":\"Distribution\"},{\"bbox\":[863.9,811.3,1114.5,855.4],\"text\":\"Manufacturing\"},{\"bbox\":[863.9,859.3,1061.6,903.4],\"text\":\"Distribution\"},{\"bbox\":[863.9,907.3,1061.7,951.4],\"text\":\"Distribution\"},{\"bbox\":[863.6,955.3,1393.3,999.3],\"text\":\"Manufacturing and distribution\"},{\"bbox\":[863.8,1003.3,1061.6,1047.3],\"text\":\"Distribution\"},{\"bbox\":[863.9,1051.3,1114.5,1095.3],\"text\":\"Manufacturing\"},{\"bbox\":[863.9,1099.2,1316.6,1143.3],\"text\":\"Distribution and corporate\"},{\"bbox\":[863.9,1147.2,1114.5,1191.3],\"text\":\"Manufacturing\"}],\"order\":6,\"text\":\"Manufacturing\\nManufacturing\\nManufacturing\\nManufacturing\\nManufacturing\\nDistribution\\nDistribution\\nManufacturing\\nDistribution\\nDistribution\\nManufacturing and distribution\\nDistribution\\nManufacturing\\nDistribution and 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Leased\\nOwned\\nOwned\\nOwned\\nOwned\\nOwned\"},{\"bbox\":[2080.3,475.3,2337.6,1191.3],\"lines\":[{\"bbox\":[2080.7,475.3,2161.9,519.4],\"text\":\"SOT\"},{\"bbox\":[2080.5,523.3,2146.4,567.4],\"text\":\"C&I\"},{\"bbox\":[2080.5,571.3,2146.4,615.4],\"text\":\"C&I\"},{\"bbox\":[2080.6,619.3,2146.5,663.4],\"text\":\"C&I\"},{\"bbox\":[2080.6,667.3,2146.5,711.4],\"text\":\"D&I\"},{\"bbox\":[2080.6,715.3,2146.5,759.4],\"text\":\"C&I\"},{\"bbox\":[2080.7,763.3,2162.0,807.4],\"text\":\"SOT\"},{\"bbox\":[2080.7,811.3,2162.0,855.4],\"text\":\"SOT\"},{\"bbox\":[2080.8,859.3,2162.1,903.4],\"text\":\"SOT\"},{\"bbox\":[2080.8,907.3,2162.1,951.4],\"text\":\"SOT\"},{\"bbox\":[2080.3,955.3,2146.2,999.3],\"text\":\"C&I\"},{\"bbox\":[2080.8,1003.3,2162.0,1047.3],\"text\":\"SOT\"},{\"bbox\":[2080.7,1051.3,2162.0,1095.3],\"text\":\"SOT\"},{\"bbox\":[2080.5,1099.2,2337.6,1143.3],\"text\":\"SOT, C&I, D&I\"},{\"bbox\":[2080.7,1147.2,2162.0,1191.3],\"text\":\"SOT\"}],\"order\":8,\"text\":\"SOT\\nC&I\\nC&I\\nC&I\\nD&I\\nC&I\\nSOT\\nSOT\\nSOT\\nSOT\\nC&I\\nSOT\\nSOT\\nSOT, C&I, D&I\\nSOT\"},{\"bbox\":[863.5,1286.7,1393.7,2242.7],\"lines\":[{\"bbox\":[863.7,1286.7,1114.3,1330.8],\"text\":\"Manufacturing\"},{\"bbox\":[863.8,1334.7,1114.3,1378.8],\"text\":\"Manufacturing\"},{\"bbox\":[863.9,1382.7,1393.6,1426.8],\"text\":\"Manufacturing and distribution\"},{\"bbox\":[863.7,1430.7,1114.2,1474.8],\"text\":\"Manufacturing\"},{\"bbox\":[863.8,1478.7,1393.7,1522.8],\"text\":\"Manufacturing and distribution\"},{\"bbox\":[863.9,1526.7,1114.4,1570.8],\"text\":\"Manufacturing\"},{\"bbox\":[863.8,1574.7,1061.5,1618.7],\"text\":\"Distribution\"},{\"bbox\":[863.7,1622.7,1114.3,1666.7],\"text\":\"Manufacturing\"},{\"bbox\":[863.6,1670.7,1393.4,1714.7],\"text\":\"Manufacturing and distribution\"},{\"bbox\":[863.5,1718.6,1114.1,1762.7],\"text\":\"Manufacturing\"},{\"bbox\":[863.7,1766.6,1114.3,1810.7],\"text\":\"Manufacturing\"},{\"bbox\":[863.7,1814.6,1114.3,1858.7],\"text\":\"Manufacturing\"},{\"bbox\":[863.6,1862.6,1061.4,1906.7],\"text\":\"Distribution\"},{\"bbox\":[863.6,1910.6,1061.4,1954.7],\"text\":\"Distribution\"},{\"bbox\":[863.9,1958.6,1114.4,2002.7],\"text\":\"Manufacturing\"},{\"bbox\":[863.8,2006.6,1114.4,2050.7],\"text\":\"Manufacturing\"},{\"bbox\":[864.0,2054.6,1393.7,2098.7],\"text\":\"Manufacturing and distribution\"},{\"bbox\":[863.9,2102.6,1114.3,2146.7],\"text\":\"Manufacturing\"},{\"bbox\":[863.8,2150.6,1114.2,2194.7],\"text\":\"Manufacturing\"},{\"bbox\":[863.8,2198.6,1061.4,2242.7],\"text\":\"Distribution\"}],\"order\":9,\"text\":\"Manufacturing\\nManufacturing\\nManufacturing and distribution\\nManufacturing\\nManufacturing and distribution\\nManufacturing\\nDistribution\\nManufacturing\\nManufacturing and distribution\\nManufacturing\\nManufacturing\\nManufacturing\\nDistribution\\nDistribution\\nManufacturing\\nManufacturing\\nManufacturing and 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and C&I\"},{\"bbox\":[2080.5,1622.7,2146.4,1666.7],\"text\":\"C&I\"},{\"bbox\":[2080.3,1670.7,2146.2,1714.7],\"text\":\"C&I\"},{\"bbox\":[2080.3,1718.6,2146.2,1762.7],\"text\":\"C&I\"},{\"bbox\":[2080.5,1766.6,2146.4,1810.7],\"text\":\"C&I\"},{\"bbox\":[2080.5,1814.6,2146.4,1858.7],\"text\":\"C&I\"},{\"bbox\":[2080.6,1862.6,2161.9,1906.7],\"text\":\"SOT\"},{\"bbox\":[2080.6,1910.6,2146.5,1954.7],\"text\":\"C&I\"},{\"bbox\":[2080.6,1958.6,2146.5,2002.7],\"text\":\"C&I\"},{\"bbox\":[2080.6,2006.6,2146.5,2050.7],\"text\":\"C&I\"},{\"bbox\":[2080.6,2054.6,2146.5,2098.7],\"text\":\"C&I\"},{\"bbox\":[2080.5,2102.6,2146.4,2146.7],\"text\":\"C&I\"},{\"bbox\":[2080.4,2150.6,2146.3,2194.7],\"text\":\"C&I\"},{\"bbox\":[2080.5,2198.6,2146.4,2242.7],\"text\":\"C&I\"}],\"order\":11,\"text\":\"C&I\\nC&I\\nC&I\\nC&I\\nSOT\\nC&I\\nSOT and C&I\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\\nSOT\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\"},{\"bbox\":[114.0,2293.7,725.3,2445.6],\"lines\":[{\"bbox\":[114.0,2293.7,486.2,2330.9],\"text\":\"* Segment abbreviations:\"},{\"bbox\":[151.5,2332.0,699.4,2369.1],\"text\":\"C&I – Commercial & Industrial Group\"},{\"bbox\":[151.5,2370.2,574.8,2407.3],\"text\":\"SOT – Snap-on Tools Group\"},{\"bbox\":[151.5,2408.5,725.3,2445.6],\"text\":\"D&I – Diagnostics & Information Group\"}],\"order\":12,\"text\":\"* Segment abbreviations:\\nC&I – Commercial & Industrial Group\\nSOT – Snap-on Tools Group\\nD&I – Diagnostics & Information Group\"},{\"bbox\":[114.0,2495.1,2361.0,2637.7],\"lines\":[{\"bbox\":[114.0,2495.1,2361.0,2541.7],\"text\":\"In 2007, the company sold its former manufacturing facilities located in (i) Enköping, Sweden; (ii) Lidköping, Sweden; and\"},{\"bbox\":[114.0,2543.1,2360.8,2589.7],\"text\":\"(iii) Mt. Carmel, Illinois; the company also sold its former corporate office located in Pleasant Prairie, Wisconsin. The\"},{\"bbox\":[114.0,2591.1,1821.9,2637.7],\"text\":\"Johnson City, Tennessee, manufacturing facility was closed in 2007 and is currently for sale.\"}],\"order\":13,\"text\":\"In 2007, the company sold its former manufacturing facilities located in (i) Enköping, Sweden; (ii) Lidköping, Sweden; and\\n(iii) Mt. Carmel, Illinois; the company also sold its former corporate office located in Pleasant Prairie, Wisconsin. The\\nJohnson City, Tennessee, manufacturing facility was closed in 2007 and is currently for sale.\"},{\"bbox\":[132.8,3086.0,169.7,3123.1],\"lines\":[{\"bbox\":[132.8,3086.0,169.7,3123.1],\"text\":\"18\"}],\"order\":14,\"text\":\"18\"},{\"bbox\":[1023.9,3086.0,1454.0,3123.1],\"lines\":[{\"bbox\":[1023.9,3086.0,1454.0,3123.1],\"text\":\"SNAP-ON INCORPORATED\"}],\"order\":15,\"text\":\"SNAP-ON INCORPORATED\"}],\"doc\":\"fintabnet:SNA_2007\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"The following table provides information about each of Snap-on’s principal manufacturing locations and distribution\\ncenters (exceeding 50,000 square feet) as of December 29, 2007:\\n\\nLocation\\nU.S. Locations:\\nElkmont, Alabama\\nConway, Arkansas\\nCity of Industry, California\\nEscondido, California\\nSan Jose, California\\nColumbus, Georgia\\nCrystal Lake, Illinois\\nAlgona, Iowa\\nOlive Branch, Mississippi\\nCarson City, Nevada\\nMurphy, North Carolina\\nRobesonia, Pennsylvania\\nElizabethton, Tennessee\\nKenosha, Wisconsin\\nMilwaukee, Wisconsin\\n\\nNon-U.S. Locations:\\nSanto Tome, Argentina\\nMinsk, Belarus\\nSanta Barbara D'oeste, Brazil\\nMississauga, Canada\\nNewmarket, Canada\\nKunshan, China\\nKettering, England\\nRotherham, England\\nBourges, France\\nUnterneukirchen, Germany\\nSopron, Hungary\\nCorreggio, Italy\\nTokyo, Japan\\nHelmond, the Netherlands\\nVila do Conde, Portugal\\nIrun, Spain\\nVitoria, Spain\\nBollnäs, Sweden\\nEdsbyn, Sweden\\nSandviken, Sweden\\n\\nType of Property\\n\\nOwned/Leased\\n\\nSegment*\\n\\nManufacturing\\nManufacturing\\nManufacturing\\nManufacturing\\nManufacturing\\nDistribution\\nDistribution\\nManufacturing\\nDistribution\\nDistribution\\nManufacturing and distribution\\nDistribution\\nManufacturing\\nDistribution and corporate\\nManufacturing\\n\\nOwned\\nLeased\\nLeased\\nLeased\\nLeased\\nOwned\\nOwned and Leased\\nOwned\\nOwned\\nOwned and Leased\\nOwned\\nOwned\\nOwned\\nOwned\\nOwned\\n\\nSOT\\nC&I\\nC&I\\nC&I\\nD&I\\nC&I\\nSOT\\nSOT\\nSOT\\nSOT\\nC&I\\nSOT\\nSOT\\nSOT, C&I, D&I\\nSOT\\n\\nManufacturing\\nManufacturing\\nManufacturing and distribution\\nManufacturing\\nManufacturing and distribution\\nManufacturing\\nDistribution\\nManufacturing\\nManufacturing and distribution\\nManufacturing\\nManufacturing\\nManufacturing\\nDistribution\\nDistribution\\nManufacturing\\nManufacturing\\nManufacturing and distribution\\nManufacturing\\nManufacturing\\nDistribution\\n\\nOwned\\nLeased\\nOwned\\nLeased\\nOwned\\nOwned\\nOwned\\nLeased\\nLeased\\nLeased\\nOwned\\nOwned\\nLeased\\nOwned\\nOwned\\nOwned\\nOwned\\nOwned\\nOwned\\nLeased\\n\\nC&I\\nC&I\\nC&I\\nC&I\\nSOT\\nC&I\\nSOT and C&I\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\\nSOT\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\\n\\n* Segment abbreviations:\\nC&I – Commercial & Industrial Group\\nSOT – Snap-on Tools Group\\nD&I – Diagnostics & Information Group\\n\\nIn 2007, the company sold its former manufacturing facilities located in (i) Enköping, Sweden; (ii) Lidköping, Sweden; and\\n(iii) Mt. Carmel, Illinois; the company also sold its former corporate office located in Pleasant Prairie, Wisconsin. The\\nJohnson City, Tennessee, manufacturing facility was closed in 2007 and is currently for sale.\\n\\n18\\n\\nSNAP-ON INCORPORATED\",\"name\":\"fintabnet.SNA_2007_page_26__300dpi_none\",\"page_id\":\"fintabnet.SNA_2007_page_26\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"SNA_2007_page_26\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[133.5,377.3,2337.6,2242.7],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11],\"cells\":null}],\"text\":\"The following table provides information about each of Snap-on’s principal manufacturing locations and distribution\\ncenters (exceeding 50,000 square feet) as of December 29, 2007:\\n\\nLocation\\nU.S. Locations:\\nElkmont, Alabama\\nConway, Arkansas\\nCity of Industry, California\\nEscondido, California\\nSan Jose, California\\nColumbus, Georgia\\nCrystal Lake, Illinois\\nAlgona, Iowa\\nOlive Branch, Mississippi\\nCarson City, Nevada\\nMurphy, North Carolina\\nRobesonia, Pennsylvania\\nElizabethton, Tennessee\\nKenosha, Wisconsin\\nMilwaukee, Wisconsin\\n\\nNon-U.S. Locations:\\nSanto Tome, Argentina\\nMinsk, Belarus\\nSanta Barbara D'oeste, Brazil\\nMississauga, Canada\\nNewmarket, Canada\\nKunshan, China\\nKettering, England\\nRotherham, England\\nBourges, France\\nUnterneukirchen, Germany\\nSopron, Hungary\\nCorreggio, Italy\\nTokyo, Japan\\nHelmond, the Netherlands\\nVila do Conde, Portugal\\nIrun, Spain\\nVitoria, Spain\\nBollnäs, Sweden\\nEdsbyn, Sweden\\nSandviken, Sweden\\n\\nType of Property\\n\\nOwned/Leased\\n\\nSegment*\\n\\nManufacturing\\nManufacturing\\nManufacturing\\nManufacturing\\nManufacturing\\nDistribution\\nDistribution\\nManufacturing\\nDistribution\\nDistribution\\nManufacturing and distribution\\nDistribution\\nManufacturing\\nDistribution and corporate\\nManufacturing\\n\\nOwned\\nLeased\\nLeased\\nLeased\\nLeased\\nOwned\\nOwned and Leased\\nOwned\\nOwned\\nOwned and Leased\\nOwned\\nOwned\\nOwned\\nOwned\\nOwned\\n\\nSOT\\nC&I\\nC&I\\nC&I\\nD&I\\nC&I\\nSOT\\nSOT\\nSOT\\nSOT\\nC&I\\nSOT\\nSOT\\nSOT, C&I, D&I\\nSOT\\n\\nManufacturing\\nManufacturing\\nManufacturing and distribution\\nManufacturing\\nManufacturing and distribution\\nManufacturing\\nDistribution\\nManufacturing\\nManufacturing and distribution\\nManufacturing\\nManufacturing\\nManufacturing\\nDistribution\\nDistribution\\nManufacturing\\nManufacturing\\nManufacturing and distribution\\nManufacturing\\nManufacturing\\nDistribution\\n\\nOwned\\nLeased\\nOwned\\nLeased\\nOwned\\nOwned\\nOwned\\nLeased\\nLeased\\nLeased\\nOwned\\nOwned\\nLeased\\nOwned\\nOwned\\nOwned\\nOwned\\nOwned\\nOwned\\nLeased\\n\\nC&I\\nC&I\\nC&I\\nC&I\\nSOT\\nC&I\\nSOT and C&I\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\\nSOT\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\\nC&I\\n\\n* Segment abbreviations:\\nC&I – Commercial & Industrial Group\\nSOT – Snap-on Tools Group\\nD&I – Diagnostics & Information Group\\n\\nIn 2007, the company sold its former manufacturing facilities located in (i) Enköping, Sweden; (ii) Lidköping, Sweden; and\\n(iii) Mt. Carmel, Illinois; the company also sold its former corporate office located in Pleasant Prairie, Wisconsin. The\\nJohnson City, Tennessee, manufacturing facility was closed in 2007 and is currently for sale.\\n\\n18\\n\\nSNAP-ON INCORPORATED\"},\"name\":\"fintabnet.SNA_2007_page_26__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":278480,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:SNA_2007\",\"dpi\":300,\"gt_sha256\":\"c3c95fe3b24abb824ce8574962a9b51d1a69b9644caac48febd7836f1959ffde\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SNA_2007_page_26__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.SNA_2007_page_26\",\"pdf_sha256\":\"bf4aca89e8b07256a22c2075d9834d2d52101b72f44bba5487a27c3b2300c2f5\",\"px\":[2475,3225],\"scan\":{\"render\":\"00007f927724762476247724722077a477247624672470007ffe000000000180\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"SNA_2007_page_26\",\"src\":{\"file_sha256\":\"22f669c00765a8f44634d3151c536c255f406857cbc047779b9cdaa0117d79b6\",\"render\":\"7ffe7f9277246624762477246220672467247624672470007ffe000000007ffe\",\"text\":\"156afb2ace8ffa8ecefbfe0944adb834bec829e6d979b8fdb968b63d383f9ff5\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"bf4aca89e8b07256a22c2075d9834d2d52101b72f44bba5487a27c3b2300c2f5\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/bf4aca89e8b07256a22c2075d9834d2d52101b72f44bba5487a27c3b2300c2f5.pdf","asset_sha256":"bf4aca89e8b07256a22c2075d9834d2d52101b72f44bba5487a27c3b2300c2f5","document_id":"fintabnet:SNA_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SNA_2007_page_26\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SNPS_2005_page_39\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SNPS_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[191.7,175.2,1450.9,583.9],\"lines\":[{\"bbox\":[247.2,175.2,1450.9,211.4],\"text\":\"Amortization of Intangible Assets and Deferred Stock Compensation. Amortization of intangible assets\"},{\"bbox\":[191.7,209.1,1400.9,245.2],\"text\":\"and deferred stock compensation includes the amortization of the contract rights intangible associated\"},{\"bbox\":[191.7,242.9,1329.5,279.1],\"text\":\"with certain executory contracts, core/developed technology, trademarks, trade names, customer\"},{\"bbox\":[191.7,276.7,1330.3,312.9],\"text\":\"relationships, covenants not to compete and other intangibles acquired in business combinations\"},{\"bbox\":[191.7,310.7,1411.7,346.9],\"text\":\"completed during fiscal 2003, 2004 and 2005. We amortize intangible assets on a straight-line basis over\"},{\"bbox\":[191.7,344.6,1359.0,380.7],\"text\":\"their useful lives, which range from three to ten years. Deferred stock compensation represents the\"},{\"bbox\":[191.7,378.4,1434.9,414.6],\"text\":\"intrinsic value of unvested stock options assumed in connection with prior year acquisitions. We amortize\"},{\"bbox\":[191.7,412.2,1395.0,448.4],\"text\":\"deferred stock compensation on a straight-line basis over the options’ remaining vesting period of one\"},{\"bbox\":[191.7,446.1,1373.1,482.2],\"text\":\"to four years. Generally, amortization of deferred stock compensation will decrease over time as the\"},{\"bbox\":[191.7,479.9,1436.7,516.1],\"text\":\"assumed stock options vest, although employee terminations affect the exact timing and amount of future\"},{\"bbox\":[191.7,513.9,1394.5,550.1],\"text\":\"amortization of deferred stock compensation. Amortization expense for these assets is included in the\"},{\"bbox\":[191.7,547.7,770.6,583.9],\"text\":\"consolidated statements of operations as follows:\"}],\"order\":0,\"text\":\"Amortization of Intangible Assets and Deferred Stock Compensation. Amortization of intangible assets\\nand deferred stock compensation includes the amortization of the contract rights intangible associated\\nwith certain executory contracts, core/developed technology, trademarks, trade names, customer\\nrelationships, covenants not to compete and other intangibles acquired in business combinations\\ncompleted during fiscal 2003, 2004 and 2005. We amortize intangible assets on a straight-line basis over\\ntheir useful lives, which range from three to ten years. Deferred stock compensation represents the\\nintrinsic value of unvested stock options assumed in connection with prior year acquisitions. We amortize\\ndeferred stock compensation on a straight-line basis over the options’ remaining vesting period of one\\nto four years. Generally, amortization of deferred stock compensation will decrease over time as the\\nassumed stock options vest, although employee terminations affect the exact timing and amount of future\\namortization of deferred stock compensation. Amortization expense for these assets is included in the\\nconsolidated statements of operations as follows:\"},{\"bbox\":[621.8,611.4,893.9,663.8],\"lines\":[{\"bbox\":[643.8,611.4,871.8,640.3],\"text\":\"Year Ended October 31,\"},{\"bbox\":[621.8,634.9,666.2,663.8],\"text\":\"2005\"},{\"bbox\":[735.6,634.9,780.1,663.8],\"text\":\"2004\"},{\"bbox\":[849.5,634.9,893.9,663.8],\"text\":\"2003\"}],\"order\":1,\"text\":\"Year Ended October 31,\\n2005\\n2004\\n2003\"},{\"bbox\":[191.7,682.2,553.8,848.2],\"lines\":[{\"bbox\":[191.7,682.2,553.8,718.4],\"text\":\"Included in cost of revenue . . .\"},{\"bbox\":[191.7,712.7,447.4,748.9],\"text\":\"Included in operating\"},{\"bbox\":[219.5,743.2,553.6,779.4],\"text\":\"expenses . . . . . . . . . . . . . . . . .\"},{\"bbox\":[191.7,775.2,553.6,811.4],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[191.7,812.1,553.5,848.2],\"text\":\"Percentage of total revenue. . .\"}],\"order\":2,\"text\":\"Included in cost of revenue . . .\\nIncluded in operating\\nexpenses . . . . . . . . . . . . . . . . .\\nTotal . . . . . . . . . . . . . . . . . . . . . .\\nPercentage of total revenue. . .\"},{\"bbox\":[604.7,682.2,683.3,718.4],\"lines\":[{\"bbox\":[604.7,682.2,683.3,718.4],\"text\":\"$ 81.8\"}],\"order\":3,\"text\":\"$ 81.8\"},{\"bbox\":[718.5,682.2,797.0,718.4],\"lines\":[{\"bbox\":[718.5,682.2,797.0,718.4],\"text\":\"$102.6\"}],\"order\":4,\"text\":\"$102.6\"},{\"bbox\":[832.3,682.2,910.9,718.4],\"lines\":[{\"bbox\":[832.3,682.2,910.9,718.4],\"text\":\"$ 92.9\"}],\"order\":5,\"text\":\"$ 92.9\"},{\"bbox\":[928.3,611.4,1175.1,687.4],\"lines\":[{\"bbox\":[950.0,611.4,1039.3,640.3],\"text\":\"$ Change\"},{\"bbox\":[1079.4,611.4,1175.1,640.3],\"text\":\"% Change\"},{\"bbox\":[1002.1,634.9,1120.7,663.8],\"text\":\"2004 to 2005\"},{\"bbox\":[928.3,658.6,1120.2,687.4],\"text\":\"(dollars in millions)\"}],\"order\":6,\"text\":\"$ Change\\n% Change\\n2004 to 2005\\n(dollars in millions)\"},{\"bbox\":[1219.9,611.4,1442.7,663.8],\"lines\":[{\"bbox\":[1219.9,611.4,1309.3,640.3],\"text\":\"$ Change\"},{\"bbox\":[1346.9,611.4,1442.7,640.3],\"text\":\"% Change\"},{\"bbox\":[1272.1,634.9,1390.7,663.8],\"text\":\"2003 to 2004\"}],\"order\":7,\"text\":\"$ Change\\n% Change\\n2003 to 2004\"},{\"bbox\":[954.6,682.2,1040.6,718.4],\"lines\":[{\"bbox\":[954.6,682.2,1040.6,718.4],\"text\":\"$(20.8)\"}],\"order\":8,\"text\":\"$(20.8)\"},{\"bbox\":[1098.8,682.2,1174.2,718.4],\"lines\":[{\"bbox\":[1098.8,682.2,1174.2,718.4],\"text\":\"(20)%\"}],\"order\":9,\"text\":\"(20)%\"},{\"bbox\":[1233.9,682.2,1295.3,718.4],\"lines\":[{\"bbox\":[1233.9,682.2,1295.3,718.4],\"text\":\"$ 9.7\"}],\"order\":10,\"text\":\"$ 9.7\"},{\"bbox\":[1377.0,682.2,1431.1,718.4],\"lines\":[{\"bbox\":[1377.0,682.2,1431.1,718.4],\"text\":\"10%\"}],\"order\":11,\"text\":\"10%\"},{\"bbox\":[604.7,743.2,1040.7,848.2],\"lines\":[{\"bbox\":[634.5,743.2,683.2,779.4],\"text\":\"33.5\"},{\"bbox\":[748.4,743.2,797.2,779.4],\"text\":\"34.9\"},{\"bbox\":[862.3,743.2,911.1,779.4],\"text\":\"35.3\"},{\"bbox\":[984.6,743.2,1040.7,779.4],\"text\":\"(1.4)\"},{\"bbox\":[604.7,775.2,910.9,811.4],\"text\":\"$ 115.3 $ 137.5 $ 128.2\"},{\"bbox\":[954.7,775.2,1040.7,811.4],\"text\":\"$ (22.2)\"},{\"bbox\":[655.3,812.1,709.3,848.2],\"text\":\"12%\"},{\"bbox\":[769.2,812.1,823.2,848.2],\"text\":\"13%\"},{\"bbox\":[883.0,812.1,937.2,848.2],\"text\":\"11%\"}],\"order\":12,\"text\":\"33.5\\n34.9\\n35.3\\n(1.4)\\n$ 115.3 $ 137.5 $ 128.2\\n$ (22.2)\\n12%\\n13%\\n11%\"},{\"bbox\":[1098.9,743.2,1174.3,811.4],\"lines\":[{\"bbox\":[1112.8,743.2,1174.2,779.4],\"text\":\"(4)%\"},{\"bbox\":[1098.9,775.2,1174.3,811.4],\"text\":\"(16)%\"}],\"order\":13,\"text\":\"(4)%\\n(16)%\"},{\"bbox\":[1234.0,743.2,1306.0,811.4],\"lines\":[{\"bbox\":[1249.9,743.2,1306.0,779.4],\"text\":\"(0.4 )\"},{\"bbox\":[1234.0,775.2,1295.4,811.4],\"text\":\"$ 9.3\"}],\"order\":14,\"text\":\"(0.4 )\\n$ 9.3\"},{\"bbox\":[1380.4,743.2,1441.8,811.4],\"lines\":[{\"bbox\":[1380.4,743.2,1441.8,779.4],\"text\":\"(1)%\"},{\"bbox\":[1391.1,775.2,1431.3,811.4],\"text\":\"7%\"}],\"order\":15,\"text\":\"(1)%\\n7%\"},{\"bbox\":[191.7,880.9,1448.9,1052.4],\"lines\":[{\"bbox\":[247.2,880.9,1442.9,917.1],\"text\":\"The decrease in amortization of intangible assets and deferred compensation in fiscal 2005 compared\"},{\"bbox\":[191.7,914.7,1448.9,950.9],\"text\":\"to fiscal 2004 is driven by completion of the amortization of the intangible assets related to core/developed\"},{\"bbox\":[191.7,948.6,1445.1,984.7],\"text\":\"technology from fiscal 2002 acquisitions, primarily the acquisition of Avant!, and by the declining amounts\"},{\"bbox\":[191.7,982.4,1410.3,1018.6],\"text\":\"of amortization related to deferred compensation recorded in prior year acquisitions, partially offset by\"},{\"bbox\":[191.7,1016.2,898.3,1052.4],\"text\":\"amortization charges from the ISE and Nassda acquisitions.\"}],\"order\":16,\"text\":\"The decrease in amortization of intangible assets and deferred compensation in fiscal 2005 compared\\nto fiscal 2004 is driven by completion of the amortization of the intangible assets related to core/developed\\ntechnology from fiscal 2002 acquisitions, primarily the acquisition of Avant!, and by the declining amounts\\nof amortization related to deferred compensation recorded in prior year acquisitions, partially offset by\\namortization charges from the ISE and Nassda acquisitions.\"},{\"bbox\":[191.7,1066.9,1443.1,1204.6],\"lines\":[{\"bbox\":[247.2,1066.9,1436.7,1103.1],\"text\":\"The increase in amortization of intangible assets and deferred compensation in fiscal 2004 compared\"},{\"bbox\":[191.7,1100.7,1443.1,1136.9],\"text\":\"to fiscal 2003 is primarily due to additional amortization of assets acquired in the Numerical acquisition in\"},{\"bbox\":[191.7,1134.6,1374.2,1170.7],\"text\":\"the second quarter of fiscal 2003, partially offset by the declining amounts of amortization related to\"},{\"bbox\":[191.7,1168.4,886.6,1204.6],\"text\":\"deferred compensation recorded in prior year acquisitions.\"}],\"order\":17,\"text\":\"The increase in amortization of intangible assets and deferred compensation in fiscal 2004 compared\\nto fiscal 2003 is primarily due to additional amortization of assets acquired in the Numerical acquisition in\\nthe second quarter of fiscal 2003, partially offset by the declining amounts of amortization related to\\ndeferred compensation recorded in prior year acquisitions.\"},{\"bbox\":[247.2,1218.9,1420.4,1255.1],\"lines\":[{\"bbox\":[247.2,1218.9,1420.4,1255.1],\"text\":\"See Note 4 to our Consolidated Financial Statements for a schedule of future amortization amounts.\"}],\"order\":18,\"text\":\"See Note 4 to our Consolidated Financial Statements for a schedule of future amortization amounts.\"},{\"bbox\":[191.7,1269.4,1411.5,1339.6],\"lines\":[{\"bbox\":[247.2,1269.4,1411.5,1305.6],\"text\":\"Impairment of Intangible Assets. There were no material impairment charges related to intangible\"},{\"bbox\":[191.7,1303.4,664.8,1339.6],\"text\":\"assets during fiscal 2005, 2004 and 2003.\"}],\"order\":19,\"text\":\"Impairment of Intangible Assets. There were no material impairment charges related to intangible\\nassets during fiscal 2005, 2004 and 2003.\"},{\"bbox\":[191.7,1353.9,1455.3,1830.3],\"lines\":[{\"bbox\":[247.2,1353.9,1429.9,1390.1],\"text\":\"Expensing of Stock Awards. In December 2004, the Financial Accounting Standards Board (FASB)\"},{\"bbox\":[191.7,1387.7,1348.0,1423.9],\"text\":\"issued Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment\"},{\"bbox\":[191.7,1421.6,1364.7,1457.8],\"text\":\"(SFAS 123R), which will be effective in the first quarter of fiscal 2006. SFAS 123R will result in our\"},{\"bbox\":[191.7,1455.4,1399.9,1491.6],\"text\":\"recognition of substantial compensation expense relating to our employee stock options and employee\"},{\"bbox\":[191.7,1489.2,1455.3,1525.4],\"text\":\"stock purchase plans. Synopsys currently uses the intrinsic value method to measure compensation expense\"},{\"bbox\":[191.7,1523.2,1364.4,1559.4],\"text\":\"for stock-based awards to its employees. Under this standard, we generally have not recognized any\"},{\"bbox\":[191.7,1557.1,1418.0,1593.3],\"text\":\"compensation expense related to stock option grants we issue under our stock option plans or related to\"},{\"bbox\":[191.7,1590.9,1367.3,1627.1],\"text\":\"the discounts we provide under our employee stock purchase plans. Under the new rules, we will be\"},{\"bbox\":[191.7,1624.7,1449.4,1660.9],\"text\":\"required to adopt a fair-value-based method for measuring the compensation expense related to employee\"},{\"bbox\":[191.7,1658.6,1397.4,1694.8],\"text\":\"stock awards, which will lead to substantial additional compensation expense and therefore will have a\"},{\"bbox\":[191.7,1692.4,1353.0,1728.6],\"text\":\"material adverse effect on our reported results of operations. Note 2 to our Consolidated Financial\"},{\"bbox\":[191.7,1726.4,1436.7,1762.6],\"text\":\"Statements provides our pro forma net income and earnings per share as if we had used a fair-value-based\"},{\"bbox\":[191.7,1760.3,1385.9,1796.4],\"text\":\"method similar to the methods required under SFAS 123R to measure the compensation expense for\"},{\"bbox\":[191.7,1794.1,936.8,1830.3],\"text\":\"employee stock awards during fiscal years 2005, 2004 and 2003.\"}],\"order\":20,\"text\":\"Expensing of Stock Awards. In December 2004, the Financial Accounting Standards Board (FASB)\\nissued Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment\\n(SFAS 123R), which will be effective in the first quarter of fiscal 2006. SFAS 123R will result in our\\nrecognition of substantial compensation expense relating to our employee stock options and employee\\nstock purchase plans. Synopsys currently uses the intrinsic value method to measure compensation expense\\nfor stock-based awards to its employees. Under this standard, we generally have not recognized any\\ncompensation expense related to stock option grants we issue under our stock option plans or related to\\nthe discounts we provide under our employee stock purchase plans. Under the new rules, we will be\\nrequired to adopt a fair-value-based method for measuring the compensation expense related to employee\\nstock awards, which will lead to substantial additional compensation expense and therefore will have a\\nmaterial adverse effect on our reported results of operations. Note 2 to our Consolidated Financial\\nStatements provides our pro forma net income and earnings per share as if we had used a fair-value-based\\nmethod similar to the methods required under SFAS 123R to measure the compensation expense for\\nemployee stock awards during fiscal years 2005, 2004 and 2003.\"},{\"bbox\":[811.0,1941.4,838.9,1977.6],\"lines\":[{\"bbox\":[811.0,1941.4,838.9,1977.6],\"text\":\"32\"}],\"order\":21,\"text\":\"32\"}],\"doc\":\"fintabnet:SNPS_2005\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"Amortization of Intangible Assets and Deferred Stock Compensation. Amortization of intangible assets\\nand deferred stock compensation includes the amortization of the contract rights intangible associated\\nwith certain executory contracts, core/developed technology, trademarks, trade names, customer\\nrelationships, covenants not to compete and other intangibles acquired in business combinations\\ncompleted during fiscal 2003, 2004 and 2005. We amortize intangible assets on a straight-line basis over\\ntheir useful lives, which range from three to ten years. Deferred stock compensation represents the\\nintrinsic value of unvested stock options assumed in connection with prior year acquisitions. We amortize\\ndeferred stock compensation on a straight-line basis over the options’ remaining vesting period of one\\nto four years. Generally, amortization of deferred stock compensation will decrease over time as the\\nassumed stock options vest, although employee terminations affect the exact timing and amount of future\\namortization of deferred stock compensation. Amortization expense for these assets is included in the\\nconsolidated statements of operations as follows:\\n\\nYear Ended October 31,\\n2005\\n2004\\n2003\\n\\nIncluded in cost of revenue . . .\\nIncluded in operating\\nexpenses . . . . . . . . . . . . . . . . .\\nTotal . . . . . . . . . . . . . . . . . . . . . .\\nPercentage of total revenue. . .\\n\\n$ 81.8\\n\\n$102.6\\n\\n$ 92.9\\n\\n$ Change\\n% Change\\n2004 to 2005\\n(dollars in millions)\\n\\n$ Change\\n% Change\\n2003 to 2004\\n\\n$(20.8)\\n\\n(20)%\\n\\n$ 9.7\\n\\n10%\\n\\n33.5\\n34.9\\n35.3\\n(1.4)\\n$ 115.3 $ 137.5 $ 128.2\\n$ (22.2)\\n12%\\n13%\\n11%\\n\\n(4)%\\n(16)%\\n\\n(0.4 )\\n$ 9.3\\n\\n(1)%\\n7%\\n\\nThe decrease in amortization of intangible assets and deferred compensation in fiscal 2005 compared\\nto fiscal 2004 is driven by completion of the amortization of the intangible assets related to core/developed\\ntechnology from fiscal 2002 acquisitions, primarily the acquisition of Avant!, and by the declining amounts\\nof amortization related to deferred compensation recorded in prior year acquisitions, partially offset by\\namortization charges from the ISE and Nassda acquisitions.\\n\\nThe increase in amortization of intangible assets and deferred compensation in fiscal 2004 compared\\nto fiscal 2003 is primarily due to additional amortization of assets acquired in the Numerical acquisition in\\nthe second quarter of fiscal 2003, partially offset by the declining amounts of amortization related to\\ndeferred compensation recorded in prior year acquisitions.\\n\\nSee Note 4 to our Consolidated Financial Statements for a schedule of future amortization amounts.\\n\\nImpairment of Intangible Assets. There were no material impairment charges related to intangible\\nassets during fiscal 2005, 2004 and 2003.\\n\\nExpensing of Stock Awards. In December 2004, the Financial Accounting Standards Board (FASB)\\nissued Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment\\n(SFAS 123R), which will be effective in the first quarter of fiscal 2006. SFAS 123R will result in our\\nrecognition of substantial compensation expense relating to our employee stock options and employee\\nstock purchase plans. Synopsys currently uses the intrinsic value method to measure compensation expense\\nfor stock-based awards to its employees. Under this standard, we generally have not recognized any\\ncompensation expense related to stock option grants we issue under our stock option plans or related to\\nthe discounts we provide under our employee stock purchase plans. Under the new rules, we will be\\nrequired to adopt a fair-value-based method for measuring the compensation expense related to employee\\nstock awards, which will lead to substantial additional compensation expense and therefore will have a\\nmaterial adverse effect on our reported results of operations. Note 2 to our Consolidated Financial\\nStatements provides our pro forma net income and earnings per share as if we had used a fair-value-based\\nmethod similar to the methods required under SFAS 123R to measure the compensation expense for\\nemployee stock awards during fiscal years 2005, 2004 and 2003.\\n\\n32\",\"name\":\"fintabnet.SNPS_2005_page_39__200dpi_none\",\"page_id\":\"fintabnet.SNPS_2005_page_39\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"SNPS_2005_page_39\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[191.7,611.5,1442.7,845.6],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15],\"cells\":null}],\"text\":\"Amortization of Intangible Assets and Deferred Stock Compensation. Amortization of intangible assets\\nand deferred stock compensation includes the amortization of the contract rights intangible associated\\nwith certain executory contracts, core/developed technology, trademarks, trade names, customer\\nrelationships, covenants not to compete and other intangibles acquired in business combinations\\ncompleted during fiscal 2003, 2004 and 2005. We amortize intangible assets on a straight-line basis over\\ntheir useful lives, which range from three to ten years. Deferred stock compensation represents the\\nintrinsic value of unvested stock options assumed in connection with prior year acquisitions. We amortize\\ndeferred stock compensation on a straight-line basis over the options’ remaining vesting period of one\\nto four years. Generally, amortization of deferred stock compensation will decrease over time as the\\nassumed stock options vest, although employee terminations affect the exact timing and amount of future\\namortization of deferred stock compensation. Amortization expense for these assets is included in the\\nconsolidated statements of operations as follows:\\n\\nYear Ended October 31,\\n2005\\n2004\\n2003\\n\\nIncluded in cost of revenue . . .\\nIncluded in operating\\nexpenses . . . . . . . . . . . . . . . . .\\nTotal . . . . . . . . . . . . . . . . . . . . . .\\nPercentage of total revenue. . .\\n\\n$ 81.8\\n\\n$102.6\\n\\n$ 92.9\\n\\n$ Change\\n% Change\\n2004 to 2005\\n(dollars in millions)\\n\\n$ Change\\n% Change\\n2003 to 2004\\n\\n$(20.8)\\n\\n(20)%\\n\\n$ 9.7\\n\\n10%\\n\\n33.5\\n34.9\\n35.3\\n(1.4)\\n$ 115.3 $ 137.5 $ 128.2\\n$ (22.2)\\n12%\\n13%\\n11%\\n\\n(4)%\\n(16)%\\n\\n(0.4 )\\n$ 9.3\\n\\n(1)%\\n7%\\n\\nThe decrease in amortization of intangible assets and deferred compensation in fiscal 2005 compared\\nto fiscal 2004 is driven by completion of the amortization of the intangible assets related to core/developed\\ntechnology from fiscal 2002 acquisitions, primarily the acquisition of Avant!, and by the declining amounts\\nof amortization related to deferred compensation recorded in prior year acquisitions, partially offset by\\namortization charges from the ISE and Nassda acquisitions.\\n\\nThe increase in amortization of intangible assets and deferred compensation in fiscal 2004 compared\\nto fiscal 2003 is primarily due to additional amortization of assets acquired in the Numerical acquisition in\\nthe second quarter of fiscal 2003, partially offset by the declining amounts of amortization related to\\ndeferred compensation recorded in prior year acquisitions.\\n\\nSee Note 4 to our Consolidated Financial Statements for a schedule of future amortization amounts.\\n\\nImpairment of Intangible Assets. There were no material impairment charges related to intangible\\nassets during fiscal 2005, 2004 and 2003.\\n\\nExpensing of Stock Awards. In December 2004, the Financial Accounting Standards Board (FASB)\\nissued Statement of Financial Accounting Standards No. 123 (revised 2004), Share-Based Payment\\n(SFAS 123R), which will be effective in the first quarter of fiscal 2006. SFAS 123R will result in our\\nrecognition of substantial compensation expense relating to our employee stock options and employee\\nstock purchase plans. Synopsys currently uses the intrinsic value method to measure compensation expense\\nfor stock-based awards to its employees. Under this standard, we generally have not recognized any\\ncompensation expense related to stock option grants we issue under our stock option plans or related to\\nthe discounts we provide under our employee stock purchase plans. Under the new rules, we will be\\nrequired to adopt a fair-value-based method for measuring the compensation expense related to employee\\nstock awards, which will lead to substantial additional compensation expense and therefore will have a\\nmaterial adverse effect on our reported results of operations. Note 2 to our Consolidated Financial\\nStatements provides our pro forma net income and earnings per share as if we had used a fair-value-based\\nmethod similar to the methods required under SFAS 123R to measure the compensation expense for\\nemployee stock awards during fiscal years 2005, 2004 and 2003.\\n\\n32\"},\"name\":\"fintabnet.SNPS_2005_page_39__200dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":303000,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:SNPS_2005\",\"dpi\":200,\"gt_sha256\":\"52629bd13fb7f30c79ddc8053d6054ba974b660c4a273abb61157f06eb3b2195\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SNPS_2005_page_39__200dpi_none\",\"page\":1,\"page_id\":\"fintabnet.SNPS_2005_page_39\",\"pdf_sha256\":\"f58626dff254082f0c4af3ab6340a31cbcf421489a1fd5e202f69d69b6585513\",\"px\":[1650,2150],\"scan\":{\"render\":\"00003ff83ff83ffc036c31e03fec3ffc3ffc3e783ff83ffc3ffc3f8000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"SNPS_2005_page_39\",\"src\":{\"file_sha256\":\"119dc1c816aad8b649fd3447dfe909ae962ce72c82c7dc6b61107a41e5d0606b\",\"render\":\"00003ff83ff83ffc03ec33c03fec3fd83ffc3e403ff83ffc3ffc3f8000000000\",\"text\":\"bf7bd4f1e39de38a688871db7c053c19d3369bf905332b60824a4fca6b7c3670\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f58626dff254082f0c4af3ab6340a31cbcf421489a1fd5e202f69d69b6585513\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f58626dff254082f0c4af3ab6340a31cbcf421489a1fd5e202f69d69b6585513.pdf","asset_sha256":"f58626dff254082f0c4af3ab6340a31cbcf421489a1fd5e202f69d69b6585513","document_id":"fintabnet:SNPS_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SNPS_2005_page_39\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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We derive time-based products revenue largely from TSL orders received and delivered in\"},{\"bbox\":[71.4,155.3,740.7,174.4],\"text\":\"prior quarters and to a smaller extent from contracts in which revenue is recognized as customer installments\"},{\"bbox\":[71.4,172.0,773.7,191.2],\"text\":\"become due and payable and from contingent revenue arrangements. We derive upfront products revenue directly\"},{\"bbox\":[71.3,188.7,758.2,207.8],\"text\":\"from term and perpetual license and hardware product orders mostly booked and shipped during the period. We\"},{\"bbox\":[71.2,205.3,745.1,224.4],\"text\":\"derive maintenance revenue largely from maintenance orders received in prior periods since our maintenance\"},{\"bbox\":[71.1,222.0,736.3,241.0],\"text\":\"orders generally yield revenue ratably over a term of one year. We also derive professional services revenue\"},{\"bbox\":[71.0,238.7,757.2,257.8],\"text\":\"primarily from orders received in prior quarters, since we recognize revenue from professional services as those\"},{\"bbox\":[70.9,255.3,721.7,274.3],\"text\":\"services are delivered and accepted or on percentage of completion for arrangements requiring significant\"},{\"bbox\":[70.8,272.0,439.2,289.5],\"text\":\"modification of our software, and not when they are booked.\"}],\"order\":5,\"text\":\"Our revenue in any period is equal to the sum of our time-based products, upfront products, and maintenance and\\nservices for the period. We derive time-based products revenue largely from TSL orders received and delivered in\\nprior quarters and to a smaller extent from contracts in which revenue is recognized as customer installments\\nbecome due and payable and from contingent revenue arrangements. We derive upfront products revenue directly\\nfrom term and perpetual license and hardware product orders mostly booked and shipped during the period. We\\nderive maintenance revenue largely from maintenance orders received in prior periods since our maintenance\\norders generally yield revenue ratably over a term of one year. We also derive professional services revenue\\nprimarily from orders received in prior quarters, since we recognize revenue from professional services as those\\nservices are delivered and accepted or on percentage of completion for arrangements requiring significant\\nmodification of our software, and not when they are booked.\"},{\"bbox\":[70.0,299.8,780.2,452.4],\"lines\":[{\"bbox\":[70.7,299.8,757.6,318.9],\"text\":\"Our revenue is sensitive to the mix of TSLs and perpetual or term licenses delivered during a reporting period. A\"},{\"bbox\":[70.6,316.5,778.8,335.7],\"text\":\"TSL order typically yields lower current quarter revenue but contributes to revenue in future periods. For example, a\"},{\"bbox\":[70.5,333.1,755.4,352.3],\"text\":\"$120,000 order for a three-year TSL delivered on the last day of a quarter typically generates no revenue in that\"},{\"bbox\":[70.4,349.8,760.5,369.0],\"text\":\"quarter, but $10,000 in each of the 12 succeeding quarters. Conversely, a $120,000 order for perpetual and term\"},{\"bbox\":[70.3,366.5,779.8,385.7],\"text\":\"licenses with greater than 75% of the license fee due within one year from shipment typically generates $120,000 in\"},{\"bbox\":[70.2,383.1,763.4,402.3],\"text\":\"revenue in the quarter the product is delivered, but no future revenue. Additionally, revenue in a particular quarter\"},{\"bbox\":[70.2,399.8,764.2,419.0],\"text\":\"may also be impacted by perpetual and term licenses in which less than 75% of the license fees and 100% of the\"},{\"bbox\":[70.1,416.5,774.2,435.7],\"text\":\"maintenance fees are payable within one year from shipment as the related revenue will be recognized as revenue\"},{\"bbox\":[70.0,433.1,472.3,450.8],\"text\":\"in the period when customer payments become due and payable.\"}],\"order\":6,\"text\":\"Our revenue is sensitive to the mix of TSLs and perpetual or term licenses delivered during a reporting period. A\\nTSL order typically yields lower current quarter revenue but contributes to revenue in future periods. For example, a\\n$120,000 order for a three-year TSL delivered on the last day of a quarter typically generates no revenue in that\\nquarter, but $10,000 in each of the 12 succeeding quarters. Conversely, a $120,000 order for perpetual and term\\nlicenses with greater than 75% of the license fee due within one year from shipment typically generates $120,000 in\\nrevenue in the quarter the product is delivered, but no future revenue. Additionally, revenue in a particular quarter\\nmay also be impacted by perpetual and term licenses in which less than 75% of the license fees and 100% of the\\nmaintenance fees are payable within one year from shipment as the related revenue will be recognized as revenue\\nin the period when customer payments become due and payable.\"},{\"bbox\":[69.4,460.9,780.1,563.5],\"lines\":[{\"bbox\":[69.8,460.9,734.5,479.9],\"text\":\"Our customer arrangements are complex, involving hundreds of products and various license rights, and our\"},{\"bbox\":[69.7,477.6,765.3,496.8],\"text\":\"customers bargain with us over many aspects of these arrangements. For example, they often demand a broader\"},{\"bbox\":[69.7,494.2,773.0,513.5],\"text\":\"portfolio of solutions, support and services and seek more favorable terms such as expanded license usage, future\"},{\"bbox\":[69.6,510.9,779.8,530.2],\"text\":\"purchase rights and other unique rights at an overall lower total cost. No single factor typically drives our customers’\"},{\"bbox\":[69.5,527.6,772.0,546.8],\"text\":\"buying decisions, and we compete on all fronts to serve customers in a highly competitive EDA market. Customers\"},{\"bbox\":[69.4,544.2,641.5,562.8],\"text\":\"generally negotiate the total value of the arrangement rather than just unit pricing or volumes.\"}],\"order\":7,\"text\":\"Our customer arrangements are complex, involving hundreds of products and various license rights, and our\\ncustomers bargain with us over many aspects of these arrangements. For example, they often demand a broader\\nportfolio of solutions, support and services and seek more favorable terms such as expanded license usage, future\\npurchase rights and other unique rights at an overall lower total cost. No single factor typically drives our customers’\\nbuying decisions, and we compete on all fronts to serve customers in a highly competitive EDA market. Customers\\ngenerally negotiate the total value of the arrangement rather than just unit pricing or volumes.\"},{\"bbox\":[69.2,572.0,163.7,588.0],\"lines\":[{\"bbox\":[69.2,572.0,163.7,588.0],\"text\":\"Total Revenue\"}],\"order\":8,\"text\":\"Total Revenue\"},{\"bbox\":[104.6,617.5,129.3,630.1],\"lines\":[{\"bbox\":[104.6,617.5,129.3,630.1],\"text\":\"2016\"}],\"order\":9,\"text\":\"2016\"},{\"bbox\":[73.0,650.2,80.8,665.8],\"lines\":[{\"bbox\":[73.0,650.2,80.8,665.8],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[157.3,601.1,282.8,630.9],\"lines\":[{\"bbox\":[157.4,601.1,282.8,614.2],\"text\":\"Year Ended October 31,\"},{\"bbox\":[206.7,618.1,231.4,630.6],\"text\":\"2015\"}],\"order\":11,\"text\":\"Year Ended October 31,\\n2015\"},{\"bbox\":[113.6,650.3,160.0,666.1],\"lines\":[{\"bbox\":[113.6,650.3,160.0,666.1],\"text\":\"2,422.5\"}],\"order\":12,\"text\":\"2,422.5\"},{\"bbox\":[174.4,650.7,182.2,666.3],\"lines\":[{\"bbox\":[174.4,650.7,182.2,666.3],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[216.4,651.0,262.8,666.7],\"lines\":[{\"bbox\":[216.4,651.0,262.8,666.7],\"text\":\"2,242.2\"}],\"order\":14,\"text\":\"2,242.2\"},{\"bbox\":[277.2,651.3,285.0,666.8],\"lines\":[{\"bbox\":[277.2,651.3,285.0,666.8],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[373.5,602.3,552.9,649.0],\"lines\":[{\"bbox\":[398.9,602.4,449.0,615.1],\"text\":\"$ Change\"},{\"bbox\":[499.2,602.9,552.9,615.6],\"text\":\"% Change\"},{\"bbox\":[442.2,619.3,508.4,632.1],\"text\":\"2015 to 2016\"},{\"bbox\":[373.5,635.6,475.5,648.6],\"text\":\"(dollars in millions)\"}],\"order\":16,\"text\":\"$ Change\\n% Change\\n2015 to 2016\\n(dollars in millions)\"},{\"bbox\":[309.4,618.6,334.2,631.1],\"lines\":[{\"bbox\":[309.4,618.6,334.2,631.1],\"text\":\"2014\"}],\"order\":17,\"text\":\"2014\"},{\"bbox\":[319.2,651.5,365.6,667.3],\"lines\":[{\"bbox\":[319.2,651.5,365.6,667.3],\"text\":\"2,057.5\"}],\"order\":18,\"text\":\"2,057.5\"},{\"bbox\":[432.2,652.0,467.0,667.7],\"lines\":[{\"bbox\":[432.2,652.0,467.0,667.7],\"text\":\"180.3\"}],\"order\":19,\"text\":\"180.3\"},{\"bbox\":[379.9,651.8,387.7,667.4],\"lines\":[{\"bbox\":[379.9,651.8,387.7,667.4],\"text\":\"$\"}],\"order\":20,\"text\":\"$\"},{\"bbox\":[603.7,603.5,758.5,633.4],\"lines\":[{\"bbox\":[603.8,603.5,653.8,616.2],\"text\":\"$ Change\"},{\"bbox\":[704.7,604.0,758.5,616.7],\"text\":\"% Change\"},{\"bbox\":[647.1,620.4,713.2,633.1],\"text\":\"2014 to 2015\"}],\"order\":21,\"text\":\"$ Change\\n% Change\\n2014 to 2015\"},{\"bbox\":[554.2,652.7,591.9,668.5],\"lines\":[{\"bbox\":[554.2,652.7,591.9,668.5],\"text\":\"8% $\"}],\"order\":22,\"text\":\"8% $\"},{\"bbox\":[637.7,653.2,672.5,668.9],\"lines\":[{\"bbox\":[637.7,653.2,672.5,668.9],\"text\":\"184.7\"}],\"order\":23,\"text\":\"184.7\"},{\"bbox\":[759.8,653.8,780.0,669.4],\"lines\":[{\"bbox\":[759.8,653.8,780.0,669.4],\"text\":\"9%\"}],\"order\":24,\"text\":\"9%\"},{\"bbox\":[68.3,683.1,779.7,769.1],\"lines\":[{\"bbox\":[68.7,683.1,757.3,702.3],\"text\":\"The overall growth of our business has been the primary driver of the increase in our revenue. Our revenues are\"},{\"bbox\":[68.6,699.8,779.6,719.1],\"text\":\"subject to fluctuations, primarily due to customer requirements, including payment terms and the timing and value of\"},{\"bbox\":[68.5,716.5,754.0,735.6],\"text\":\"contract renewals. For example, we experience variability in our revenue due to factors such as the timing of IP\"},{\"bbox\":[68.4,733.1,777.9,752.4],\"text\":\"consulting projects, royalties, variability in hardware sales and due to certain contracts where revenue is recognized\"},{\"bbox\":[68.3,749.8,351.7,766.8],\"text\":\"when customer installment payments are due.\"}],\"order\":25,\"text\":\"The overall growth of our business has been the primary driver of the increase in our revenue. Our revenues are\\nsubject to fluctuations, primarily due to customer requirements, including payment terms and the timing and value of\\ncontract renewals. For example, we experience variability in our revenue due to factors such as the timing of IP\\nconsulting projects, royalties, variability in hardware sales and due to certain contracts where revenue is recognized\\nwhen customer installment payments are due.\"},{\"bbox\":[68.1,777.6,778.4,813.5],\"lines\":[{\"bbox\":[68.2,777.6,778.4,796.8],\"text\":\"The sequential increase in total revenue from fiscal 2014 through fiscal 2016 was primarily attributable to the overall\"},{\"bbox\":[68.1,794.2,554.5,812.3],\"text\":\"growth in our business mainly due to higher TSL revenues and hardware sales.\"}],\"order\":26,\"text\":\"The sequential increase in total revenue from fiscal 2014 through fiscal 2016 was primarily attributable to the overall\\ngrowth in our business mainly due to higher TSL revenues and hardware sales.\"},{\"bbox\":[67.9,822.0,260.8,838.5],\"lines\":[{\"bbox\":[67.9,822.0,260.8,838.5],\"text\":\"Time-Based Products Revenue\"}],\"order\":27,\"text\":\"Time-Based Products Revenue\"},{\"bbox\":[236.6,868.2,261.4,880.8],\"lines\":[{\"bbox\":[236.6,868.2,261.4,880.8],\"text\":\"2016\"}],\"order\":28,\"text\":\"2016\"},{\"bbox\":[268.5,851.7,425.3,881.6],\"lines\":[{\"bbox\":[268.5,851.7,394.0,864.8],\"text\":\"Year Ended October 31,\"},{\"bbox\":[318.5,868.7,343.3,881.2],\"text\":\"2015\"},{\"bbox\":[400.5,869.1,425.2,881.6],\"text\":\"2014\"}],\"order\":29,\"text\":\"Year Ended October 31,\\n2015\\n2014\"},{\"bbox\":[214.7,900.9,274.6,916.8],\"lines\":[{\"bbox\":[214.7,900.9,274.6,916.8],\"text\":\"$ 1,910.9\"}],\"order\":30,\"text\":\"$ 1,910.9\"},{\"bbox\":[71.5,919.6,188.2,949.7],\"lines\":[{\"bbox\":[71.6,919.6,188.2,935.8],\"text\":\"Percentage of total\"},{\"bbox\":[71.5,933.5,121.8,949.3],\"text\":\"revenue\"}],\"order\":31,\"text\":\"Percentage of total\\nrevenue\"},{\"bbox\":[258.9,935.3,286.8,951.0],\"lines\":[{\"bbox\":[258.9,935.3,286.8,951.0],\"text\":\"79%\"}],\"order\":32,\"text\":\"79%\"},{\"bbox\":[296.7,901.4,356.6,917.2],\"lines\":[{\"bbox\":[296.7,901.4,356.6,917.2],\"text\":\"$ 1,792.2\"}],\"order\":33,\"text\":\"$ 1,792.2\"},{\"bbox\":[340.9,935.8,368.8,951.4],\"lines\":[{\"bbox\":[340.9,935.8,368.8,951.4],\"text\":\"80%\"}],\"order\":34,\"text\":\"80%\"},{\"bbox\":[443.7,852.6,603.7,899.2],\"lines\":[{\"bbox\":[469.8,852.8,519.9,865.5],\"text\":\"$ Change\"},{\"bbox\":[549.9,853.2,603.7,865.9],\"text\":\"% Change\"},{\"bbox\":[502.7,869.6,568.8,882.4],\"text\":\"2015 to 2016\"},{\"bbox\":[443.7,886.0,545.7,898.9],\"text\":\"(dollars in millions)\"}],\"order\":35,\"text\":\"$ Change\\n% Change\\n2015 to 2016\\n(dollars in millions)\"},{\"bbox\":[378.6,901.8,438.5,917.6],\"lines\":[{\"bbox\":[378.6,901.8,438.5,917.6],\"text\":\"$ 1,699.1\"}],\"order\":36,\"text\":\"$ 1,699.1\"},{\"bbox\":[460.6,902.2,468.4,917.8],\"lines\":[{\"bbox\":[460.6,902.2,468.4,917.8],\"text\":\"$\"}],\"order\":37,\"text\":\"$\"},{\"bbox\":[493.3,902.4,528.2,918.1],\"lines\":[{\"bbox\":[493.3,902.4,528.2,918.1],\"text\":\"118.7\"}],\"order\":38,\"text\":\"118.7\"},{\"bbox\":[594.6,903.0,632.2,918.7],\"lines\":[{\"bbox\":[594.6,903.0,632.2,918.7],\"text\":\"7% $\"}],\"order\":39,\"text\":\"7% $\"},{\"bbox\":[633.6,853.6,767.6,883.4],\"lines\":[{\"bbox\":[633.7,853.6,683.8,866.3],\"text\":\"$ Change\"},{\"bbox\":[713.8,854.1,767.6,866.8],\"text\":\"% Change\"},{\"bbox\":[666.6,870.5,732.7,883.3],\"text\":\"2014 to 2015\"}],\"order\":40,\"text\":\"$ Change\\n% Change\\n2014 to 2015\"},{\"bbox\":[664.9,903.3,692.0,919.0],\"lines\":[{\"bbox\":[664.9,903.3,692.0,919.0],\"text\":\"93.1\"}],\"order\":41,\"text\":\"93.1\"},{\"bbox\":[758.5,903.8,778.7,919.4],\"lines\":[{\"bbox\":[758.5,903.8,778.7,919.4],\"text\":\"5%\"}],\"order\":42,\"text\":\"5%\"},{\"bbox\":[422.8,936.2,450.7,951.9],\"lines\":[{\"bbox\":[422.8,936.2,450.7,951.9],\"text\":\"83%\"}],\"order\":43,\"text\":\"83%\"},{\"bbox\":[67.0,967.8,760.4,1020.3],\"lines\":[{\"bbox\":[67.1,967.8,760.4,987.0],\"text\":\"The increase in time-based products revenue for fiscal 2016 compared to fiscal 2015 was primarily attributable to\"},{\"bbox\":[67.1,984.5,752.7,1003.6],\"text\":\"an increase in TSL license revenue due to the overall growth in our business, including arrangements booked in\"},{\"bbox\":[67.0,1001.2,483.1,1018.9],\"text\":\"prior periods and, to a lesser extent, contributions from acquisitions.\"}],\"order\":44,\"text\":\"The increase in time-based products revenue for fiscal 2016 compared to fiscal 2015 was primarily attributable to\\nan increase in TSL license revenue due to the overall growth in our business, including arrangements booked in\\nprior periods and, to a lesser extent, contributions from acquisitions.\"},{\"bbox\":[415.4,1043.7,429.3,1059.1],\"lines\":[{\"bbox\":[415.4,1043.7,429.3,1059.1],\"text\":\"34\"}],\"order\":45,\"text\":\"34\"}],\"doc\":\"fintabnet:SNPS_2016\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"Table of Contents\\n\\n•\\n\\nRevenue on maintenance orders is recognized ratably over the maintenance period (normally one\\nyear).\\n\\n•\\n\\nRevenue on professional services orders is generally recognized as the services are performed.\\n\\nOur revenue in any period is equal to the sum of our time-based products, upfront products, and maintenance and\\nservices for the period. We derive time-based products revenue largely from TSL orders received and delivered in\\nprior quarters and to a smaller extent from contracts in which revenue is recognized as customer installments\\nbecome due and payable and from contingent revenue arrangements. We derive upfront products revenue directly\\nfrom term and perpetual license and hardware product orders mostly booked and shipped during the period. We\\nderive maintenance revenue largely from maintenance orders received in prior periods since our maintenance\\norders generally yield revenue ratably over a term of one year. We also derive professional services revenue\\nprimarily from orders received in prior quarters, since we recognize revenue from professional services as those\\nservices are delivered and accepted or on percentage of completion for arrangements requiring significant\\nmodification of our software, and not when they are booked.\\n\\nOur revenue is sensitive to the mix of TSLs and perpetual or term licenses delivered during a reporting period. A\\nTSL order typically yields lower current quarter revenue but contributes to revenue in future periods. For example, a\\n$120,000 order for a three-year TSL delivered on the last day of a quarter typically generates no revenue in that\\nquarter, but $10,000 in each of the 12 succeeding quarters. Conversely, a $120,000 order for perpetual and term\\nlicenses with greater than 75% of the license fee due within one year from shipment typically generates $120,000 in\\nrevenue in the quarter the product is delivered, but no future revenue. Additionally, revenue in a particular quarter\\nmay also be impacted by perpetual and term licenses in which less than 75% of the license fees and 100% of the\\nmaintenance fees are payable within one year from shipment as the related revenue will be recognized as revenue\\nin the period when customer payments become due and payable.\\n\\nOur customer arrangements are complex, involving hundreds of products and various license rights, and our\\ncustomers bargain with us over many aspects of these arrangements. For example, they often demand a broader\\nportfolio of solutions, support and services and seek more favorable terms such as expanded license usage, future\\npurchase rights and other unique rights at an overall lower total cost. No single factor typically drives our customers’\\nbuying decisions, and we compete on all fronts to serve customers in a highly competitive EDA market. Customers\\ngenerally negotiate the total value of the arrangement rather than just unit pricing or volumes.\\n\\nTotal Revenue\\n\\n2016\\n\\n$\\n\\nYear Ended October 31,\\n2015\\n\\n2,422.5\\n\\n$\\n\\n2,242.2\\n\\n$\\n\\n$ Change\\n% Change\\n2015 to 2016\\n(dollars in millions)\\n\\n2014\\n\\n2,057.5\\n\\n180.3\\n\\n$\\n\\n$ Change\\n% Change\\n2014 to 2015\\n\\n8% $\\n\\n184.7\\n\\n9%\\n\\nThe overall growth of our business has been the primary driver of the increase in our revenue. Our revenues are\\nsubject to fluctuations, primarily due to customer requirements, including payment terms and the timing and value of\\ncontract renewals. For example, we experience variability in our revenue due to factors such as the timing of IP\\nconsulting projects, royalties, variability in hardware sales and due to certain contracts where revenue is recognized\\nwhen customer installment payments are due.\\n\\nThe sequential increase in total revenue from fiscal 2014 through fiscal 2016 was primarily attributable to the overall\\ngrowth in our business mainly due to higher TSL revenues and hardware sales.\\n\\nTime-Based Products Revenue\\n\\n2016\\n\\nYear Ended October 31,\\n2015\\n2014\\n\\n$ 1,910.9\\n\\nPercentage of total\\nrevenue\\n\\n79%\\n\\n$ 1,792.2\\n\\n80%\\n\\n$ Change\\n% Change\\n2015 to 2016\\n(dollars in millions)\\n\\n$ 1,699.1\\n\\n$\\n\\n118.7\\n\\n7% $\\n\\n$ Change\\n% Change\\n2014 to 2015\\n\\n93.1\\n\\n5%\\n\\n83%\\n\\nThe increase in time-based products revenue for fiscal 2016 compared to fiscal 2015 was primarily attributable to\\nan increase in TSL license revenue due to the overall growth in our business, including arrangements booked in\\nprior periods and, to a lesser extent, contributions from acquisitions.\\n\\n34\",\"name\":\"fintabnet.SNPS_2016_page_37__100dpi_mild\",\"page_id\":\"fintabnet.SNPS_2016_page_37\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.303,\"source\":\"fintabnet\",\"source_id\":\"SNPS_2016_page_37\",\"stack\":[{\"deg\":-0.303,\"op\":\"skew\"},{\"amp\":0.079,\"angle\":214.6,\"blob\":0.482,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.595},{\"op\":\"jpeg\",\"q\":88}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[73.0,600.7,780.3,669.4],\"block_orders\":[9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24],\"cells\":null}],\"text\":\"Table of Contents\\n\\n•\\n\\nRevenue on maintenance orders is recognized ratably over the maintenance period (normally one\\nyear).\\n\\n•\\n\\nRevenue on professional services orders is generally recognized as the services are performed.\\n\\nOur revenue in any period is equal to the sum of our time-based products, upfront products, and maintenance and\\nservices for the period. We derive time-based products revenue largely from TSL orders received and delivered in\\nprior quarters and to a smaller extent from contracts in which revenue is recognized as customer installments\\nbecome due and payable and from contingent revenue arrangements. We derive upfront products revenue directly\\nfrom term and perpetual license and hardware product orders mostly booked and shipped during the period. We\\nderive maintenance revenue largely from maintenance orders received in prior periods since our maintenance\\norders generally yield revenue ratably over a term of one year. We also derive professional services revenue\\nprimarily from orders received in prior quarters, since we recognize revenue from professional services as those\\nservices are delivered and accepted or on percentage of completion for arrangements requiring significant\\nmodification of our software, and not when they are booked.\\n\\nOur revenue is sensitive to the mix of TSLs and perpetual or term licenses delivered during a reporting period. A\\nTSL order typically yields lower current quarter revenue but contributes to revenue in future periods. For example, a\\n$120,000 order for a three-year TSL delivered on the last day of a quarter typically generates no revenue in that\\nquarter, but $10,000 in each of the 12 succeeding quarters. Conversely, a $120,000 order for perpetual and term\\nlicenses with greater than 75% of the license fee due within one year from shipment typically generates $120,000 in\\nrevenue in the quarter the product is delivered, but no future revenue. Additionally, revenue in a particular quarter\\nmay also be impacted by perpetual and term licenses in which less than 75% of the license fees and 100% of the\\nmaintenance fees are payable within one year from shipment as the related revenue will be recognized as revenue\\nin the period when customer payments become due and payable.\\n\\nOur customer arrangements are complex, involving hundreds of products and various license rights, and our\\ncustomers bargain with us over many aspects of these arrangements. For example, they often demand a broader\\nportfolio of solutions, support and services and seek more favorable terms such as expanded license usage, future\\npurchase rights and other unique rights at an overall lower total cost. No single factor typically drives our customers’\\nbuying decisions, and we compete on all fronts to serve customers in a highly competitive EDA market. Customers\\ngenerally negotiate the total value of the arrangement rather than just unit pricing or volumes.\\n\\nTotal Revenue\\n\\n2016\\n\\n$\\n\\nYear Ended October 31,\\n2015\\n\\n2,422.5\\n\\n$\\n\\n2,242.2\\n\\n$\\n\\n$ Change\\n% Change\\n2015 to 2016\\n(dollars in millions)\\n\\n2014\\n\\n2,057.5\\n\\n180.3\\n\\n$\\n\\n$ Change\\n% Change\\n2014 to 2015\\n\\n8% $\\n\\n184.7\\n\\n9%\\n\\nThe overall growth of our business has been the primary driver of the increase in our revenue. Our revenues are\\nsubject to fluctuations, primarily due to customer requirements, including payment terms and the timing and value of\\ncontract renewals. For example, we experience variability in our revenue due to factors such as the timing of IP\\nconsulting projects, royalties, variability in hardware sales and due to certain contracts where revenue is recognized\\nwhen customer installment payments are due.\\n\\nThe sequential increase in total revenue from fiscal 2014 through fiscal 2016 was primarily attributable to the overall\\ngrowth in our business mainly due to higher TSL revenues and hardware sales.\\n\\nTime-Based Products Revenue\\n\\n2016\\n\\nYear Ended October 31,\\n2015\\n2014\\n\\n$ 1,910.9\\n\\nPercentage of total\\nrevenue\\n\\n79%\\n\\n$ 1,792.2\\n\\n80%\\n\\n$ Change\\n% Change\\n2015 to 2016\\n(dollars in millions)\\n\\n$ 1,699.1\\n\\n$\\n\\n118.7\\n\\n7% $\\n\\n$ Change\\n% Change\\n2014 to 2015\\n\\n93.1\\n\\n5%\\n\\n83%\\n\\nThe increase in time-based products revenue for fiscal 2016 compared to fiscal 2015 was primarily attributable to\\nan increase in TSL license revenue due to the overall growth in our business, including arrangements booked in\\nprior periods and, to a lesser extent, contributions from acquisitions.\\n\\n34\"},\"name\":\"fintabnet.SNPS_2016_page_37__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":267211,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:SNPS_2016\",\"dpi\":100,\"gt_sha256\":\"716ca0af63031d605cf95ac6320ca876a14b2e819cc2ac701581d168467c8f9c\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SNPS_2016_page_37__100dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.SNPS_2016_page_37\",\"pdf_sha256\":\"ad05334a612aa11366928b6467fb9204427451c4e7e8357eb821f959a220110c\",\"px\":[850,1100],\"scan\":{\"render\":\"10001ffc7ffc7ffc7fb47ffc7fdc7ffe780020887ffc7e000a4020007f800000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"SNPS_2016_page_37\",\"src\":{\"file_sha256\":\"0327c71c0a2074ec0873884010fb1cbd57c09d7a53d1d78c563edd990cabc24a\",\"render\":\"000010007ffc7ffc7ffc7ffc3f807ffc39502b887ffc3e000f6c00003f800000\",\"text\":\"dc018480f62c3cfdb4193ea24671050b3021aeed45fecacf61e0eb4467108db1\"},\"stack\":[{\"deg\":-0.303,\"op\":\"skew\"},{\"amp\":0.079,\"angle\":214.6,\"blob\":0.482,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.595},{\"op\":\"jpeg\",\"q\":88}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ad05334a612aa11366928b6467fb9204427451c4e7e8357eb821f959a220110c\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ad05334a612aa11366928b6467fb9204427451c4e7e8357eb821f959a220110c.pdf","asset_sha256":"ad05334a612aa11366928b6467fb9204427451c4e7e8357eb821f959a220110c","document_id":"fintabnet:SNPS_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SNPS_2016_page_37\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SNPS_2016_page_41\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SNPS_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[208.3,44.6,557.1,91.1],\"lines\":[{\"bbox\":[208.3,44.6,557.1,91.1],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[208.3,171.7,2301.9,368.2],\"lines\":[{\"bbox\":[208.3,171.7,2216.1,218.2],\"text\":\"personnel-related costs primarily due to higher headcount, and $5.2 million in acquisition-related professional\"},{\"bbox\":[208.3,221.7,2193.8,268.2],\"text\":\"services costs. The increases were partially offset by higher allocations of $20.5 million in expenses to other\"},{\"bbox\":[208.3,271.7,2301.9,318.2],\"text\":\"functions compared to the same period in fiscal 2014, due to increased spending in allocated costs, resulting from\"},{\"bbox\":[208.3,321.7,606.7,368.2],\"text\":\"increased headcount.\"}],\"order\":1,\"text\":\"personnel-related costs primarily due to higher headcount, and $5.2 million in acquisition-related professional\\nservices costs. The increases were partially offset by higher allocations of $20.5 million in expenses to other\\nfunctions compared to the same period in fiscal 2014, due to increased spending in allocated costs, resulting from\\nincreased headcount.\"},{\"bbox\":[208.3,405.0,2181.5,501.5],\"lines\":[{\"bbox\":[208.3,405.0,2181.5,451.5],\"text\":\"Changes in other general and administrative expense categories for the above-mentioned periods were not\"},{\"bbox\":[208.3,455.0,583.4,501.5],\"text\":\"individually material.\"}],\"order\":2,\"text\":\"Changes in other general and administrative expense categories for the above-mentioned periods were not\\nindividually material.\"},{\"bbox\":[208.3,538.3,1098.4,584.9],\"lines\":[{\"bbox\":[208.3,538.3,1098.4,584.9],\"text\":\"Change in Fair Value of Deferred Compensation\"}],\"order\":3,\"text\":\"Change in Fair Value of Deferred Compensation\"},{\"bbox\":[208.3,621.7,2341.2,818.2],\"lines\":[{\"bbox\":[208.3,621.7,2318.1,668.2],\"text\":\"The income or loss arising from the change in fair value of our non-qualified deferred compensation plan obligation\"},{\"bbox\":[208.3,671.7,2333.9,718.2],\"text\":\"is recorded in cost of sales and each functional operating expense, with the offsetting change in the fair value of the\"},{\"bbox\":[208.3,721.7,2298.1,768.2],\"text\":\"related assets recorded in other income (expense), net. These assets are classified as trading securities. There is\"},{\"bbox\":[208.3,771.7,2341.2,818.2],\"text\":\"no overall impact to our net income from the income or loss of our deferred compensation plan obligation and asset.\"}],\"order\":4,\"text\":\"The income or loss arising from the change in fair value of our non-qualified deferred compensation plan obligation\\nis recorded in cost of sales and each functional operating expense, with the offsetting change in the fair value of the\\nrelated assets recorded in other income (expense), net. These assets are classified as trading securities. There is\\nno overall impact to our net income from the income or loss of our deferred compensation plan obligation and asset.\"},{\"bbox\":[208.3,855.0,813.6,901.5],\"lines\":[{\"bbox\":[208.3,855.0,813.6,901.5],\"text\":\"Amortization of Intangible Assets\"}],\"order\":5,\"text\":\"Amortization of Intangible Assets\"},{\"bbox\":[208.3,938.3,2332.0,1134.9],\"lines\":[{\"bbox\":[208.3,938.3,2332.0,984.9],\"text\":\"Amortization of intangible assets includes the amortization of contract rights and the amortization of core/developed\"},{\"bbox\":[208.3,988.3,2303.4,1034.9],\"text\":\"technology, trademarks, trade names, customer relationships, covenants not to compete, and in-process research\"},{\"bbox\":[208.3,1038.3,2142.2,1084.9],\"text\":\"and development related to acquisitions completed in prior years. Amortization expense is included in the\"},{\"bbox\":[208.3,1088.3,1116.2,1134.9],\"text\":\"consolidated statements of operations as follows:\"}],\"order\":6,\"text\":\"Amortization of intangible assets includes the amortization of contract rights and the amortization of core/developed\\ntechnology, trademarks, trade names, customer relationships, covenants not to compete, and in-process research\\nand development related to acquisitions completed in prior years. Amortization expense is included in the\\nconsolidated statements of operations as follows:\"},{\"bbox\":[810.6,1176.2,1186.7,1213.4],\"lines\":[{\"bbox\":[810.6,1176.2,1186.7,1213.4],\"text\":\"Year Ended October 31,\"}],\"order\":7,\"text\":\"Year Ended October 31,\"},{\"bbox\":[715.0,1230.3,789.1,1267.6],\"lines\":[{\"bbox\":[715.0,1230.3,789.1,1267.6],\"text\":\"2016\"}],\"order\":8,\"text\":\"2016\"},{\"bbox\":[960.8,1230.3,1035.0,1267.6],\"lines\":[{\"bbox\":[960.8,1230.3,1035.0,1267.6],\"text\":\"2015\"}],\"order\":9,\"text\":\"2015\"},{\"bbox\":[1414.4,1176.2,1564.4,1213.4],\"lines\":[{\"bbox\":[1414.4,1176.2,1564.4,1213.4],\"text\":\"$ Change\"}],\"order\":10,\"text\":\"$ Change\"},{\"bbox\":[1206.7,1230.3,1280.8,1267.6],\"lines\":[{\"bbox\":[1206.7,1230.3,1280.8,1267.6],\"text\":\"2014\"}],\"order\":11,\"text\":\"2014\"},{\"bbox\":[1654.8,1176.2,1815.9,1213.4],\"lines\":[{\"bbox\":[1654.8,1176.2,1815.9,1213.4],\"text\":\"% Change\"}],\"order\":12,\"text\":\"% Change\"},{\"bbox\":[1513.3,1230.3,1711.6,1267.6],\"lines\":[{\"bbox\":[1513.3,1230.3,1711.6,1267.6],\"text\":\"2015 to 2016\"}],\"order\":13,\"text\":\"2015 to 2016\"},{\"bbox\":[1906.0,1176.2,2056.1,1213.4],\"lines\":[{\"bbox\":[1906.0,1176.2,2056.1,1213.4],\"text\":\"$ Change\"}],\"order\":14,\"text\":\"$ Change\"},{\"bbox\":[2146.5,1176.2,2307.6,1213.4],\"lines\":[{\"bbox\":[2146.5,1176.2,2307.6,1213.4],\"text\":\"% Change\"}],\"order\":15,\"text\":\"% Change\"},{\"bbox\":[2005.0,1230.3,2203.3,1267.6],\"lines\":[{\"bbox\":[2005.0,1230.3,2203.3,1267.6],\"text\":\"2014 to 2015\"}],\"order\":16,\"text\":\"2014 to 2015\"},{\"bbox\":[1336.7,1284.5,1642.3,1321.7],\"lines\":[{\"bbox\":[1336.7,1284.5,1642.3,1321.7],\"text\":\"(dollars in millions)\"}],\"order\":17,\"text\":\"(dollars in millions)\"},{\"bbox\":[220.8,1335.3,607.6,1694.4],\"lines\":[{\"bbox\":[220.8,1335.3,556.7,1381.9],\"text\":\"Included in cost of\"},{\"bbox\":[220.8,1377.0,371.4,1423.5],\"text\":\"revenue\"},{\"bbox\":[220.8,1439.5,607.6,1486.0],\"text\":\"Included in operating\"},{\"bbox\":[220.8,1481.2,399.2,1527.7],\"text\":\"expenses\"},{\"bbox\":[220.8,1543.7,313.5,1590.2],\"text\":\"Total\"},{\"bbox\":[220.8,1606.2,570.6,1652.7],\"text\":\"Percentage of total\"},{\"bbox\":[220.8,1647.8,371.4,1694.4],\"text\":\"revenue\"}],\"order\":18,\"text\":\"Included in cost of\\nrevenue\\nIncluded in operating\\nexpenses\\nTotal\\nPercentage of total\\nrevenue\"},{\"bbox\":[650.0,1379.5,673.2,1426.0],\"lines\":[{\"bbox\":[650.0,1379.5,673.2,1426.0],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[725.2,1379.5,829.5,1426.0],\"lines\":[{\"bbox\":[725.2,1379.5,829.5,1426.0],\"text\":\"102.1\"}],\"order\":20,\"text\":\"102.1\"},{\"bbox\":[650.0,1546.2,673.2,1592.7],\"lines\":[{\"bbox\":[650.0,1546.2,673.2,1592.7],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[725.2,1483.7,829.5,1592.7],\"lines\":[{\"bbox\":[748.3,1483.7,829.4,1530.2],\"text\":\"27.5\"},{\"bbox\":[725.2,1546.2,829.5,1592.7],\"text\":\"129.6\"}],\"order\":22,\"text\":\"27.5\\n129.6\"},{\"bbox\":[806.3,1650.3,866.6,1696.9],\"lines\":[{\"bbox\":[806.3,1650.3,866.6,1696.9],\"text\":\"5%\"}],\"order\":23,\"text\":\"5%\"},{\"bbox\":[895.8,1379.5,919.0,1426.0],\"lines\":[{\"bbox\":[895.8,1379.5,919.0,1426.0],\"text\":\"$\"}],\"order\":24,\"text\":\"$\"},{\"bbox\":[970.8,1379.5,1075.1,1426.0],\"lines\":[{\"bbox\":[970.8,1379.5,1075.1,1426.0],\"text\":\"110.0\"}],\"order\":25,\"text\":\"110.0\"},{\"bbox\":[895.8,1546.2,919.0,1592.7],\"lines\":[{\"bbox\":[895.8,1546.2,919.0,1592.7],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[970.8,1483.7,1075.2,1592.7],\"lines\":[{\"bbox\":[994.2,1483.7,1075.2,1530.2],\"text\":\"26.0\"},{\"bbox\":[970.8,1546.2,1075.1,1592.7],\"text\":\"136.0\"}],\"order\":27,\"text\":\"26.0\\n136.0\"},{\"bbox\":[1141.7,1379.5,1164.8,1426.0],\"lines\":[{\"bbox\":[1141.7,1379.5,1164.8,1426.0],\"text\":\"$\"}],\"order\":28,\"text\":\"$\"},{\"bbox\":[1216.9,1379.5,1321.1,1426.0],\"lines\":[{\"bbox\":[1216.9,1379.5,1321.1,1426.0],\"text\":\"101.3\"}],\"order\":29,\"text\":\"101.3\"},{\"bbox\":[1387.5,1379.5,1410.7,1426.0],\"lines\":[{\"bbox\":[1387.5,1379.5,1410.7,1426.0],\"text\":\"$\"}],\"order\":30,\"text\":\"$\"},{\"bbox\":[1518.3,1379.5,1604.1,1426.0],\"lines\":[{\"bbox\":[1518.3,1379.5,1604.1,1426.0],\"text\":\"(7.9)\"}],\"order\":31,\"text\":\"(7.9)\"},{\"bbox\":[1761.9,1379.5,1902.3,1426.0],\"lines\":[{\"bbox\":[1761.9,1379.5,1902.3,1426.0],\"text\":\"(7)% 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in cost of\"},{\"bbox\":[208.3,1800.8,1368.7,1847.4],\"text\":\"products revenue in the consolidated statements of operations.\"}],\"order\":44,\"text\":\"Amortization of capitalized software development costs is not presented in the above table and is included in cost of\\nproducts revenue in the consolidated statements of operations.\"},{\"bbox\":[208.3,1884.2,2260.1,1980.7],\"lines\":[{\"bbox\":[208.3,1884.2,2260.1,1930.7],\"text\":\"The decrease in amortization of intangible assets for fiscal 2016 compared with fiscal 2015 was primarily due to\"},{\"bbox\":[208.3,1934.2,2046.5,1980.7],\"text\":\"intangible assets that were fully amortized, partially offset by additions of acquired intangible assets.\"}],\"order\":45,\"text\":\"The decrease in amortization of intangible assets for fiscal 2016 compared with fiscal 2015 was primarily due to\\nintangible assets that were fully amortized, partially offset by additions of acquired intangible assets.\"},{\"bbox\":[208.3,2017.5,2315.7,2164.0],\"lines\":[{\"bbox\":[208.3,2017.5,2315.7,2064.0],\"text\":\"The increase in amortization of intangible assets for fiscal 2015 compared with fiscal 2014 was primarily due to the\"},{\"bbox\":[208.3,2067.5,2264.2,2114.0],\"text\":\"additions of acquired intangible assets, including from our fiscal 2015 acquisitions, which were partially offset by\"},{\"bbox\":[208.3,2117.5,1060.5,2164.0],\"text\":\"certain intangible assets being fully amortized.\"}],\"order\":46,\"text\":\"The increase in amortization of intangible assets for fiscal 2015 compared with fiscal 2014 was primarily due to the\\nadditions of acquired intangible assets, including from our fiscal 2015 acquisitions, which were partially offset by\\ncertain intangible assets being fully amortized.\"},{\"bbox\":[208.3,2200.8,625.1,2247.4],\"lines\":[{\"bbox\":[208.3,2200.8,625.1,2247.4],\"text\":\"Restructuring Charges\"}],\"order\":47,\"text\":\"Restructuring Charges\"},{\"bbox\":[208.3,2284.2,2308.8,2480.7],\"lines\":[{\"bbox\":[208.3,2284.2,2308.8,2330.7],\"text\":\"During fiscal 2016, we recorded $9.6 million of restructuring charges for severance and benefits due to involuntary\"},{\"bbox\":[208.3,2334.2,2172.3,2380.7],\"text\":\"employee terminations. As of October 31, 2016, there was a $5.7 million outstanding balance remaining in\"},{\"bbox\":[208.3,2384.2,2301.4,2430.7],\"text\":\"accounts payable and accrued liabilities in the consolidated balance sheets. The remaining balance will be paid in\"},{\"bbox\":[208.3,2434.2,419.1,2480.7],\"text\":\"fiscal 2017.\"}],\"order\":48,\"text\":\"During fiscal 2016, we recorded $9.6 million of restructuring charges for severance and benefits due to involuntary\\nemployee terminations. As of October 31, 2016, there was a $5.7 million outstanding balance remaining in\\naccounts payable and accrued liabilities in the consolidated balance sheets. 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The\\nfiscal 2015 restructuring program was completed as of October 31, 2015.\"},{\"bbox\":[1254.2,3131.2,1295.8,3177.3],\"lines\":[{\"bbox\":[1254.2,3131.2,1295.8,3177.3],\"text\":\"38\"}],\"order\":50,\"text\":\"38\"}],\"doc\":\"fintabnet:SNPS_2016\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Table of Contents\\n\\npersonnel-related costs primarily due to higher headcount, and $5.2 million in acquisition-related professional\\nservices costs. The increases were partially offset by higher allocations of $20.5 million in expenses to other\\nfunctions compared to the same period in fiscal 2014, due to increased spending in allocated costs, resulting from\\nincreased headcount.\\n\\nChanges in other general and administrative expense categories for the above-mentioned periods were not\\nindividually material.\\n\\nChange in Fair Value of Deferred Compensation\\n\\nThe income or loss arising from the change in fair value of our non-qualified deferred compensation plan obligation\\nis recorded in cost of sales and each functional operating expense, with the offsetting change in the fair value of the\\nrelated assets recorded in other income (expense), net. These assets are classified as trading securities. There is\\nno overall impact to our net income from the income or loss of our deferred compensation plan obligation and asset.\\n\\nAmortization of Intangible Assets\\n\\nAmortization of intangible assets includes the amortization of contract rights and the amortization of core/developed\\ntechnology, trademarks, trade names, customer relationships, covenants not to compete, and in-process research\\nand development related to acquisitions completed in prior years. 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The\\nfiscal 2015 restructuring program was completed as of October 31, 2015.\\n\\n38\",\"name\":\"fintabnet.SNPS_2016_page_41__300dpi_none\",\"page_id\":\"fintabnet.SNPS_2016_page_41\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"SNPS_2016_page_41\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[220.8,1176.2,2341.6,1696.9],\"block_orders\":[7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43],\"cells\":null}],\"text\":\"Table of Contents\\n\\npersonnel-related costs primarily due to higher headcount, and $5.2 million in acquisition-related professional\\nservices costs. The increases were partially offset by higher allocations of $20.5 million in expenses to other\\nfunctions compared to the same period in fiscal 2014, due to increased spending in allocated costs, resulting from\\nincreased headcount.\\n\\nChanges in other general and administrative expense categories for the above-mentioned periods were not\\nindividually material.\\n\\nChange in Fair Value of Deferred Compensation\\n\\nThe income or loss arising from the change in fair value of our non-qualified deferred compensation plan obligation\\nis recorded in cost of sales and each functional operating expense, with the offsetting change in the fair value of the\\nrelated assets recorded in other income (expense), net. These assets are classified as trading securities. 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During 2014, we disposed of our interests in three retail properties and their related mortgage debt of\"},{\"bbox\":[73.5,240.1,126.7,247.8],\"text\":\"$90.0 million.\"}],\"order\":4,\"text\":\"On January 2, 2014, we repaid the $820.0 million outstanding mortgage at Sawgrass Mills originally maturing July 1,\\n2014 and on February 28, 2014, we repaid the $269.0 million outstanding mortgage at Great Mall originally maturing\\nAugust 28, 2015. During 2014, we disposed of our interests in three retail properties and their related mortgage debt of\\n$90.0 million.\"},{\"bbox\":[73.5,262.7,174.1,270.4],\"lines\":[{\"bbox\":[73.5,262.7,174.1,270.4],\"text\":\"Debt Maturity and Other\"}],\"order\":5,\"text\":\"Debt Maturity and Other\"},{\"bbox\":[99.3,279.3,460.2,287.0],\"lines\":[{\"bbox\":[99.3,279.3,460.2,287.0],\"text\":\"Our scheduled principal repayments on indebtedness as of December 31, 2014 are as follows:\"}],\"order\":6,\"text\":\"Our scheduled principal repayments on indebtedness as of December 31, 2014 are as follows:\"},{\"bbox\":[100.5,301.0,438.5,359.1],\"lines\":[{\"bbox\":[100.5,301.0,438.5,309.1],\"text\":\"2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[100.5,311.0,438.5,319.1],\"text\":\"2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[100.5,321.0,438.5,329.1],\"text\":\"2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[100.5,331.0,438.5,339.1],\"text\":\"2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[100.5,341.0,438.5,349.1],\"text\":\"2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[100.5,351.0,438.5,359.1],\"text\":\"Thereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[450.5,301.0,456.0,309.1],\"lines\":[{\"bbox\":[450.5,301.0,456.0,309.1],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[460.9,301.0,502.5,359.1],\"lines\":[{\"bbox\":[465.9,301.0,502.5,309.1],\"text\":\"1,174,796\"},{\"bbox\":[462.5,311.0,502.5,319.1],\"text\":\"2,892,728\"},{\"bbox\":[460.9,321.0,502.5,329.1],\"text\":\"3,043,067\"},{\"bbox\":[462.1,331.0,502.5,339.1],\"text\":\"2,024,275\"},{\"bbox\":[463.2,341.0,502.5,349.1],\"text\":\"1,928,394\"},{\"bbox\":[465.7,351.0,502.5,359.1],\"text\":\"9,780,711\"}],\"order\":9,\"text\":\"1,174,796\\n2,892,728\\n3,043,067\\n2,024,275\\n1,928,394\\n9,780,711\"},{\"bbox\":[100.5,365.0,438.5,383.1],\"lines\":[{\"bbox\":[100.5,365.0,438.5,373.1],\"text\":\"Total principal maturities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[100.5,375.0,438.5,383.1],\"text\":\"Net unamortized debt premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":10,\"text\":\"Total principal maturities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet unamortized debt premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[458.3,365.0,502.5,383.1],\"lines\":[{\"bbox\":[458.3,365.0,502.5,373.1],\"text\":\"20,843,971\"},{\"bbox\":[479.2,375.0,502.5,383.1],\"text\":\"9,022\"}],\"order\":11,\"text\":\"20,843,971\\n9,022\"},{\"bbox\":[100.5,389.0,438.5,397.1],\"lines\":[{\"bbox\":[100.5,389.0,438.5,397.1],\"text\":\"Total mortgages and unsecured indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":12,\"text\":\"Total mortgages and unsecured indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[450.5,389.0,502.5,397.1],\"lines\":[{\"bbox\":[450.5,389.0,502.5,397.1],\"text\":\"$20,852,993\"}],\"order\":13,\"text\":\"$20,852,993\"},{\"bbox\":[99.3,411.4,441.7,419.1],\"lines\":[{\"bbox\":[99.3,411.4,441.7,419.1],\"text\":\"Our cash paid for interest in each period, net of any amounts capitalized, was as follows:\"}],\"order\":14,\"text\":\"Our cash paid for interest in each period, net of any amounts capitalized, was as follows:\"},{\"bbox\":[357.4,431.8,489.0,451.0],\"lines\":[{\"bbox\":[358.8,431.8,487.0,439.0],\"text\":\"For the Year Ended December 31,\"},{\"bbox\":[357.4,443.8,376.0,451.0],\"text\":\"2014\"},{\"bbox\":[414.5,443.8,432.8,451.0],\"text\":\"2013\"},{\"bbox\":[470.8,443.8,489.0,451.0],\"text\":\"2012\"}],\"order\":15,\"text\":\"For the Year Ended December 31,\\n2014\\n2013\\n2012\"},{\"bbox\":[100.5,458.1,331.3,466.2],\"lines\":[{\"bbox\":[100.5,458.1,331.3,466.2],\"text\":\"Cash paid for interest . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":16,\"text\":\"Cash paid for interest . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[343.3,458.1,390.1,466.2],\"lines\":[{\"bbox\":[343.3,458.1,390.1,466.2],\"text\":\"$ 1,018,911\"}],\"order\":17,\"text\":\"$ 1,018,911\"},{\"bbox\":[402.1,458.1,445.3,466.2],\"lines\":[{\"bbox\":[402.1,458.1,445.3,466.2],\"text\":\"$1,086,128\"}],\"order\":18,\"text\":\"$1,086,128\"},{\"bbox\":[457.3,458.1,502.5,466.2],\"lines\":[{\"bbox\":[457.3,458.1,502.5,466.2],\"text\":\"$1,063,470\"}],\"order\":19,\"text\":\"$1,063,470\"},{\"bbox\":[73.5,481.0,203.7,488.7],\"lines\":[{\"bbox\":[73.5,481.0,203.7,488.7],\"text\":\"Derivative Financial Instruments\"}],\"order\":20,\"text\":\"Derivative Financial Instruments\"},{\"bbox\":[73.5,497.6,529.5,558.3],\"lines\":[{\"bbox\":[99.3,497.6,529.5,505.3],\"text\":\"Our exposure to market risk due to changes in interest rates primarily relates to our long-term debt obligations. We\"},{\"bbox\":[73.5,508.2,529.5,515.9],\"text\":\"manage exposure to interest rate market risk through our risk management strategy by a combination of interest rate\"},{\"bbox\":[73.5,518.8,529.4,526.5],\"text\":\"protection agreements to effectively fix or cap a portion of variable rate debt. We are also exposed to foreign currency risk\"},{\"bbox\":[73.5,529.4,529.5,537.1],\"text\":\"on financings of certain foreign operations. Our intent is to offset gains and losses that occur on the underlying exposures,\"},{\"bbox\":[73.5,540.0,529.5,547.7],\"text\":\"with gains and losses on the derivative contracts hedging these exposures. We do not enter into either interest rate\"},{\"bbox\":[73.5,550.6,394.8,558.3],\"text\":\"protection or foreign currency rate protection agreements for speculative purposes.\"}],\"order\":21,\"text\":\"Our exposure to market risk due to changes in interest rates primarily relates to our long-term debt obligations. We\\nmanage exposure to interest rate market risk through our risk management strategy by a combination of interest rate\\nprotection agreements to effectively fix or cap a portion of variable rate debt. We are also exposed to foreign currency risk\\non financings of certain foreign operations. Our intent is to offset gains and losses that occur on the underlying exposures,\\nwith gains and losses on the derivative contracts hedging these exposures. We do not enter into either interest rate\\nprotection or foreign currency rate protection agreements for speculative purposes.\"},{\"bbox\":[73.5,567.2,529.5,596.1],\"lines\":[{\"bbox\":[99.3,567.2,529.5,574.9],\"text\":\"We may enter into treasury lock agreements as part of an anticipated debt issuance. Upon completion of the debt\"},{\"bbox\":[73.5,577.8,529.5,585.5],\"text\":\"issuance, the fair value of these instruments is recorded as part of accumulated other comprehensive income (loss) and is\"},{\"bbox\":[73.5,588.4,328.4,596.1],\"text\":\"amortized to interest expense over the life of the debt agreement.\"}],\"order\":22,\"text\":\"We may enter into treasury lock agreements as part of an anticipated debt issuance. Upon completion of the debt\\nissuance, the fair value of these instruments is recorded as part of accumulated other comprehensive income (loss) and is\\namortized to interest expense over the life of the debt agreement.\"},{\"bbox\":[73.5,605.0,529.5,644.5],\"lines\":[{\"bbox\":[99.3,605.0,529.5,612.7],\"text\":\"The unamortized loss on our treasury locks and terminated hedges recorded in accumulated other comprehensive\"},{\"bbox\":[73.5,615.6,529.5,623.3],\"text\":\"income (loss) was $65.7 million and $67.5 million as of December 31, 2014 and 2013, respectively. As of December 31, 2014,\"},{\"bbox\":[73.5,626.2,529.5,633.9],\"text\":\"our outstanding LIBOR based derivative contracts consisted of fixed rate swap agreements with a notional amount of\"},{\"bbox\":[73.5,636.8,130.4,644.5],\"text\":\"$375.0 million.\"}],\"order\":23,\"text\":\"The unamortized loss on our treasury locks and terminated hedges recorded in accumulated other comprehensive\\nincome (loss) was $65.7 million and $67.5 million as of December 31, 2014 and 2013, respectively. As of December 31, 2014,\\nour outstanding LIBOR based derivative contracts consisted of fixed rate swap agreements with a notional amount of\\n$375.0 million.\"},{\"bbox\":[73.5,653.4,529.5,671.7],\"lines\":[{\"bbox\":[99.3,653.4,529.5,661.1],\"text\":\"Within the next year, we expect to reclassify to earnings approximately $10.9 million of losses related to active and\"},{\"bbox\":[73.5,664.0,507.6,671.7],\"text\":\"terminated interest rate swaps from the current balance held in accumulated other comprehensive income (loss).\"}],\"order\":24,\"text\":\"Within the next year, we expect to reclassify to earnings approximately $10.9 million of losses related to active and\\nterminated interest rate swaps from the current balance held in accumulated other comprehensive income (loss).\"},{\"bbox\":[296.4,709.3,306.6,717.0],\"lines\":[{\"bbox\":[296.4,709.3,306.6,717.0],\"text\":\"94\"}],\"order\":25,\"text\":\"94\"}],\"doc\":\"fintabnet:SPG_2014\",\"dpi\":72,\"image_px\":[603,783],\"layout\":[],\"markdown\":\"Simon Property Group, Inc. and Subsidiaries\\nNotes to Consolidated Financial Statements\\n(Dollars in thousands, except share and per share amounts\\nand where indicated as in millions or billions)\\n\\nIn addition to the debt tender offers and redemption described above, during the year ended December 31, 2014, we\\nused cash on hand to redeem at par or repay at maturity $1.3 billion of senior unsecured notes with fixed rates ranging from\\n4.20% to 6.75%.\\n\\nMortgage Debt\\n\\nTotal mortgage indebtedness was $6.2 billion and $7.3 billion at December 31, 2014 and 2013, respectively.\\n\\nOn January 2, 2014, we repaid the $820.0 million outstanding mortgage at Sawgrass Mills originally maturing July 1,\\n2014 and on February 28, 2014, we repaid the $269.0 million outstanding mortgage at Great Mall originally maturing\\nAugust 28, 2015. During 2014, we disposed of our interests in three retail properties and their related mortgage debt of\\n$90.0 million.\\n\\nDebt Maturity and Other\\n\\nOur scheduled principal repayments on indebtedness as of December 31, 2014 are as follows:\\n\\n2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n1,174,796\\n2,892,728\\n3,043,067\\n2,024,275\\n1,928,394\\n9,780,711\\n\\nTotal principal maturities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet unamortized debt premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n20,843,971\\n9,022\\n\\nTotal mortgages and unsecured indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$20,852,993\\n\\nOur cash paid for interest in each period, net of any amounts capitalized, was as follows:\\n\\nFor the Year Ended December 31,\\n2014\\n2013\\n2012\\n\\nCash paid for interest . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 1,018,911\\n\\n$1,086,128\\n\\n$1,063,470\\n\\nDerivative Financial Instruments\\n\\nOur exposure to market risk due to changes in interest rates primarily relates to our long-term debt obligations. We\\nmanage exposure to interest rate market risk through our risk management strategy by a combination of interest rate\\nprotection agreements to effectively fix or cap a portion of variable rate debt. We are also exposed to foreign currency risk\\non financings of certain foreign operations. Our intent is to offset gains and losses that occur on the underlying exposures,\\nwith gains and losses on the derivative contracts hedging these exposures. We do not enter into either interest rate\\nprotection or foreign currency rate protection agreements for speculative purposes.\\n\\nWe may enter into treasury lock agreements as part of an anticipated debt issuance. Upon completion of the debt\\nissuance, the fair value of these instruments is recorded as part of accumulated other comprehensive income (loss) and is\\namortized to interest expense over the life of the debt agreement.\\n\\nThe unamortized loss on our treasury locks and terminated hedges recorded in accumulated other comprehensive\\nincome (loss) was $65.7 million and $67.5 million as of December 31, 2014 and 2013, respectively. As of December 31, 2014,\\nour outstanding LIBOR based derivative contracts consisted of fixed rate swap agreements with a notional amount of\\n$375.0 million.\\n\\nWithin the next year, we expect to reclassify to earnings approximately $10.9 million of losses related to active and\\nterminated interest rate swaps from the current balance held in accumulated other comprehensive income (loss).\\n\\n94\",\"name\":\"fintabnet.SPG_2014_page_108__72dpi_none\",\"page_id\":\"fintabnet.SPG_2014_page_108\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"SPG_2014_page_108\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[100.5,429.3,502.5,466.9],\"block_orders\":[15,16,17,18,19],\"cells\":null}],\"text\":\"Simon Property Group, Inc. and Subsidiaries\\nNotes to Consolidated Financial Statements\\n(Dollars in thousands, except share and per share amounts\\nand where indicated as in millions or billions)\\n\\nIn addition to the debt tender offers and redemption described above, during the year ended December 31, 2014, we\\nused cash on hand to redeem at par or repay at maturity $1.3 billion of senior unsecured notes with fixed rates ranging from\\n4.20% to 6.75%.\\n\\nMortgage Debt\\n\\nTotal mortgage indebtedness was $6.2 billion and $7.3 billion at December 31, 2014 and 2013, respectively.\\n\\nOn January 2, 2014, we repaid the $820.0 million outstanding mortgage at Sawgrass Mills originally maturing July 1,\\n2014 and on February 28, 2014, we repaid the $269.0 million outstanding mortgage at Great Mall originally maturing\\nAugust 28, 2015. During 2014, we disposed of our interests in three retail properties and their related mortgage debt of\\n$90.0 million.\\n\\nDebt Maturity and Other\\n\\nOur scheduled principal repayments on indebtedness as of December 31, 2014 are as follows:\\n\\n2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2017 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2018 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n2019 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nThereafter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n1,174,796\\n2,892,728\\n3,043,067\\n2,024,275\\n1,928,394\\n9,780,711\\n\\nTotal principal maturities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet unamortized debt premium . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n20,843,971\\n9,022\\n\\nTotal mortgages and unsecured indebtedness . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$20,852,993\\n\\nOur cash paid for interest in each period, net of any amounts capitalized, was as follows:\\n\\nFor the Year Ended December 31,\\n2014\\n2013\\n2012\\n\\nCash paid for interest . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$ 1,018,911\\n\\n$1,086,128\\n\\n$1,063,470\\n\\nDerivative Financial Instruments\\n\\nOur exposure to market risk due to changes in interest rates primarily relates to our long-term debt obligations. We\\nmanage exposure to interest rate market risk through our risk management strategy by a combination of interest rate\\nprotection agreements to effectively fix or cap a portion of variable rate debt. We are also exposed to foreign currency risk\\non financings of certain foreign operations. Our intent is to offset gains and losses that occur on the underlying exposures,\\nwith gains and losses on the derivative contracts hedging these exposures. We do not enter into either interest rate\\nprotection or foreign currency rate protection agreements for speculative purposes.\\n\\nWe may enter into treasury lock agreements as part of an anticipated debt issuance. Upon completion of the debt\\nissuance, the fair value of these instruments is recorded as part of accumulated other comprehensive income (loss) and is\\namortized to interest expense over the life of the debt agreement.\\n\\nThe unamortized loss on our treasury locks and terminated hedges recorded in accumulated other comprehensive\\nincome (loss) was $65.7 million and $67.5 million as of December 31, 2014 and 2013, respectively. As of December 31, 2014,\\nour outstanding LIBOR based derivative contracts consisted of fixed rate swap agreements with a notional amount of\\n$375.0 million.\\n\\nWithin the next year, we expect to reclassify to earnings approximately $10.9 million of losses related to active and\\nterminated interest rate swaps from the current balance held in accumulated other comprehensive income (loss).\\n\\n94\"},\"name\":\"fintabnet.SPG_2014_page_108__72dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":42449,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:SPG_2014\",\"dpi\":72,\"gt_sha256\":\"fbbd0676cc27fed087a0c3443d707414f612ed798b1248503d30a36f23189aeb\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.SPG_2014_page_108__72dpi_none\",\"page\":1,\"page_id\":\"fintabnet.SPG_2014_page_108\",\"pdf_sha256\":\"760c9775f549008ec7c96241db63bf38e0ad7c3e3a2549cca7c69eb55aa627d8\",\"px\":[603,783],\"scan\":{\"render\":\"000007e00ff830003ffc3800000c180c1e7838783ffc3ffc3ffc3ff800000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"SPG_2014_page_108\",\"src\":{\"file_sha256\":\"3762cdcd7ba4d3457d90cab738786aff427099c4ba0760430a5dad3aa51d0bae\",\"render\":\"000007e01ffc30003ffc3800200c1c0c007838783ffc3ffc3ffc3ff800000000\",\"text\":\"22e098b481ac65c927f4c4179c176c1156e95e7bed4af64d5bae9d7b3b33a294\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"760c9775f549008ec7c96241db63bf38e0ad7c3e3a2549cca7c69eb55aa627d8\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/760c9775f549008ec7c96241db63bf38e0ad7c3e3a2549cca7c69eb55aa627d8.pdf","asset_sha256":"760c9775f549008ec7c96241db63bf38e0ad7c3e3a2549cca7c69eb55aa627d8","document_id":"fintabnet:SPG_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SPG_2014_page_108\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SPG_2016_page_116\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SPG_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[219.7,114.5,630.0,187.4],\"lines\":[{\"bbox\":[348.2,114.5,501.8,127.7],\"text\":\"Simon Property Group, Inc.\"},{\"bbox\":[347.6,129.4,502.4,142.6],\"text\":\"Simon Property Group, L.P.\"},{\"bbox\":[301.7,144.3,548.3,157.5],\"text\":\"Notes to Consolidated Financial Statements\"},{\"bbox\":[219.7,159.2,630.0,172.4],\"text\":\"(Dollars in thousands, except share, per share, unit and per unit amounts\"},{\"bbox\":[297.4,174.2,552.6,187.4],\"text\":\"and where indicated as in millions or billions)\"}],\"order\":0,\"text\":\"Simon Property Group, Inc.\\nSimon Property Group, L.P.\\nNotes to Consolidated Financial Statements\\n(Dollars in thousands, except share, per share, unit and per unit amounts\\nand where indicated as in millions or billions)\"},{\"bbox\":[135.0,197.5,355.4,210.7],\"lines\":[{\"bbox\":[135.0,197.5,355.4,210.7],\"text\":\"Management Fees and Other Revenues\"}],\"order\":1,\"text\":\"Management Fees and Other Revenues\"},{\"bbox\":[98.0,220.8,752.1,293.7],\"lines\":[{\"bbox\":[135.0,220.8,752.0,234.0],\"text\":\"Management fees and other revenues are generally received from our unconsolidated joint venture properties as well\"},{\"bbox\":[98.0,235.7,752.0,248.9],\"text\":\"as third parties. Management fee revenue is earned based on a contractual percentage of joint venture property revenue.\"},{\"bbox\":[98.0,250.6,752.1,263.8],\"text\":\"Development fee revenue is earned on a contractual percentage of hard costs to develop a property. Leasing fee revenue is\"},{\"bbox\":[98.0,265.6,752.0,278.8],\"text\":\"earned on a contractual per square foot charge based on the square footage of current year leasing activity. We recognize\"},{\"bbox\":[98.0,280.5,528.4,293.7],\"text\":\"revenue for these services provided when earned based on the underlying activity.\"}],\"order\":2,\"text\":\"Management fees and other revenues are generally received from our unconsolidated joint venture properties as well\\nas third parties. Management fee revenue is earned based on a contractual percentage of joint venture property revenue.\\nDevelopment fee revenue is earned on a contractual percentage of hard costs to develop a property. Leasing fee revenue is\\nearned on a contractual per square foot charge based on the square footage of current year leasing activity. We recognize\\nrevenue for these services provided when earned based on the underlying activity.\"},{\"bbox\":[98.0,303.8,752.2,436.5],\"lines\":[{\"bbox\":[135.0,303.8,752.2,317.0],\"text\":\"Revenues from insurance premiums charged to unconsolidated properties are recognized on a pro-rata basis over the\"},{\"bbox\":[98.0,318.7,752.1,331.9],\"text\":\"terms of the policies. Insurance losses on these policies and our self-insurance for our consolidated properties are reflected in\"},{\"bbox\":[98.0,333.6,752.1,346.8],\"text\":\"property operating expenses in the accompanying consolidated statements of operations and comprehensive income and\"},{\"bbox\":[98.0,348.6,751.9,361.8],\"text\":\"include estimates for losses incurred but not reported as well as losses pending settlement. Estimates for losses are based on\"},{\"bbox\":[98.0,363.5,752.1,376.7],\"text\":\"evaluations by third-party actuaries and management’s estimates. Total insurance reserves for our insurance subsidiaries and\"},{\"bbox\":[98.0,378.5,752.0,391.7],\"text\":\"other self-insurance programs as of December 31, 2016 and 2015 approximated $83.5 million and $88.1 million, respectively,\"},{\"bbox\":[98.0,393.4,751.9,406.6],\"text\":\"and are included in other liabilities in the consolidated balance sheets. Information related to the securities included in the\"},{\"bbox\":[98.0,408.3,752.1,421.5],\"text\":\"investment portfolio of our captive insurance subsidiaries is included within the “Marketable and Non-Marketable Securities”\"},{\"bbox\":[98.0,423.3,174.1,436.5],\"text\":\"section above.\"}],\"order\":3,\"text\":\"Revenues from insurance premiums charged to unconsolidated properties are recognized on a pro-rata basis over the\\nterms of the policies. Insurance losses on these policies and our self-insurance for our consolidated properties are reflected in\\nproperty operating expenses in the accompanying consolidated statements of operations and comprehensive income and\\ninclude estimates for losses incurred but not reported as well as losses pending settlement. Estimates for losses are based on\\nevaluations by third-party actuaries and management’s estimates. Total insurance reserves for our insurance subsidiaries and\\nother self-insurance programs as of December 31, 2016 and 2015 approximated $83.5 million and $88.1 million, respectively,\\nand are included in other liabilities in the consolidated balance sheets. Information related to the securities included in the\\ninvestment portfolio of our captive insurance subsidiaries is included within the “Marketable and Non-Marketable Securities”\\nsection above.\"},{\"bbox\":[135.0,454.8,293.8,468.0],\"lines\":[{\"bbox\":[135.0,454.8,293.8,468.0],\"text\":\"Allowance for Credit Losses\"}],\"order\":4,\"text\":\"Allowance for Credit Losses\"},{\"bbox\":[98.0,478.1,752.1,536.2],\"lines\":[{\"bbox\":[135.0,478.1,751.9,491.3],\"text\":\"We record a provision for credit losses based on our judgment of a tenant’s creditworthiness, ability to pay and\"},{\"bbox\":[98.0,493.0,752.1,506.3],\"text\":\"probability of collection. In addition, we also consider the retail sector in which the tenant operates and our historical collection\"},{\"bbox\":[98.0,508.0,752.0,521.2],\"text\":\"experience in cases of bankruptcy, if applicable. Accounts are written off when they are deemed to be no longer collectible.\"},{\"bbox\":[98.0,523.0,571.0,536.2],\"text\":\"Presented below is the activity in the allowance for credit losses during the following years:\"}],\"order\":5,\"text\":\"We record a provision for credit losses based on our judgment of a tenant’s creditworthiness, ability to pay and\\nprobability of collection. In addition, we also consider the retail sector in which the tenant operates and our historical collection\\nexperience in cases of bankruptcy, if applicable. Accounts are written off when they are deemed to be no longer collectible.\\nPresented below is the activity in the allowance for credit losses during the following years:\"},{\"bbox\":[493.7,547.5,630.0,588.7],\"lines\":[{\"bbox\":[528.3,547.5,630.0,559.8],\"text\":\"For the Year Ended\"},{\"bbox\":[541.5,561.6,613.7,573.9],\"text\":\"December 31,\"},{\"bbox\":[493.7,576.3,518.3,588.7],\"text\":\"2016\"},{\"bbox\":[568.0,576.3,592.6,588.7],\"text\":\"2015\"}],\"order\":6,\"text\":\"For the Year Ended\\nDecember 31,\\n2016\\n2015\"},{\"bbox\":[163.4,594.6,450.1,608.6],\"lines\":[{\"bbox\":[163.4,594.6,450.1,608.6],\"text\":\"Balance, beginning of period . . . . . . . . . . . . . . . . . . .\"}],\"order\":7,\"text\":\"Balance, beginning of period . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[474.9,594.5,481.9,608.5],\"lines\":[{\"bbox\":[474.9,594.5,481.9,608.5],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[163.4,613.9,450.2,627.9],\"lines\":[{\"bbox\":[163.4,613.9,450.2,627.9],\"text\":\"Provision for credit losses . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"Provision for credit losses . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[163.4,633.3,450.2,647.2],\"lines\":[{\"bbox\":[163.4,633.3,450.2,647.2],\"text\":\"Accounts written off, net of recoveries . . . . . . . . . . . .\"}],\"order\":10,\"text\":\"Accounts written off, net of recoveries . . . . . . . . . . . .\"},{\"bbox\":[163.4,653.3,450.2,667.2],\"lines\":[{\"bbox\":[163.4,653.3,450.2,667.2],\"text\":\"Balance, end of period . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":11,\"text\":\"Balance, end of period . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[474.9,653.2,481.9,667.1],\"lines\":[{\"bbox\":[474.9,653.2,481.9,667.1],\"text\":\"$\"}],\"order\":12,\"text\":\"$\"},{\"bbox\":[641.1,576.3,665.7,588.7],\"lines\":[{\"bbox\":[641.1,576.3,665.7,588.7],\"text\":\"2014\"}],\"order\":13,\"text\":\"2014\"},{\"bbox\":[494.9,594.5,533.0,608.5],\"lines\":[{\"bbox\":[494.9,594.5,533.0,608.5],\"text\":\"30,094\"}],\"order\":14,\"text\":\"30,094\"},{\"bbox\":[551.2,594.6,605.4,608.6],\"lines\":[{\"bbox\":[551.2,594.6,605.4,608.6],\"text\":\"$ 33,282\"}],\"order\":15,\"text\":\"$ 33,282\"},{\"bbox\":[623.6,594.6,679.3,608.6],\"lines\":[{\"bbox\":[623.6,594.6,679.3,608.6],\"text\":\"$ 32,681\"}],\"order\":16,\"text\":\"$ 32,681\"},{\"bbox\":[501.8,613.9,533.1,627.8],\"lines\":[{\"bbox\":[501.8,613.9,533.1,627.8],\"text\":\"7,319\"}],\"order\":17,\"text\":\"7,319\"},{\"bbox\":[574.1,613.9,605.3,627.9],\"lines\":[{\"bbox\":[574.1,613.9,605.3,627.9],\"text\":\"6,635\"}],\"order\":18,\"text\":\"6,635\"},{\"bbox\":[641.2,613.9,679.4,627.9],\"lines\":[{\"bbox\":[641.2,613.9,679.4,627.9],\"text\":\"12,001\"}],\"order\":19,\"text\":\"12,001\"},{\"bbox\":[490.8,633.2,537.2,647.1],\"lines\":[{\"bbox\":[490.8,633.2,537.2,647.1],\"text\":\"(14,915)\"}],\"order\":20,\"text\":\"(14,915)\"},{\"bbox\":[569.9,633.3,609.5,647.2],\"lines\":[{\"bbox\":[569.9,633.3,609.5,647.2],\"text\":\"(9,823)\"}],\"order\":21,\"text\":\"(9,823)\"},{\"bbox\":[637.0,633.3,683.5,647.2],\"lines\":[{\"bbox\":[637.0,633.3,683.5,647.2],\"text\":\"(11,400)\"}],\"order\":22,\"text\":\"(11,400)\"},{\"bbox\":[494.9,653.2,533.0,667.1],\"lines\":[{\"bbox\":[494.9,653.2,533.0,667.1],\"text\":\"22,498\"}],\"order\":23,\"text\":\"22,498\"},{\"bbox\":[551.2,653.3,605.3,667.2],\"lines\":[{\"bbox\":[551.2,653.3,605.3,667.2],\"text\":\"$ 30,094\"}],\"order\":24,\"text\":\"$ 30,094\"},{\"bbox\":[623.6,653.3,679.3,667.2],\"lines\":[{\"bbox\":[623.6,653.3,679.3,667.2],\"text\":\"$ 33,282\"}],\"order\":25,\"text\":\"$ 33,282\"},{\"bbox\":[135.0,704.5,213.1,717.7],\"lines\":[{\"bbox\":[135.0,704.5,213.1,717.7],\"text\":\"Income Taxes\"}],\"order\":26,\"text\":\"Income Taxes\"},{\"bbox\":[98.0,727.8,752.1,890.3],\"lines\":[{\"bbox\":[135.0,727.8,752.0,741.0],\"text\":\"Simon and certain subsidiaries of the Operating Partnership have elected to be taxed as REITs under Sections 856\"},{\"bbox\":[98.0,742.8,752.0,756.0],\"text\":\"through 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification. In order to\"},{\"bbox\":[98.0,757.7,751.9,770.9],\"text\":\"maintain this REIT status, the regulations require the entity to distribute at least 90% of REIT taxable income to its owners and\"},{\"bbox\":[98.0,772.6,752.0,785.8],\"text\":\"meet certain other asset and income tests as well as other requirements. We intend to continue to adhere to these requirements\"},{\"bbox\":[98.0,787.5,751.9,800.7],\"text\":\"and maintain Simon’s REIT status and that of the REIT subsidiaries. As REITs, these entities will generally not be liable for\"},{\"bbox\":[98.0,802.5,751.8,815.7],\"text\":\"U.S. federal corporate income taxes as long as they distribute in excess of 100% of their REIT taxable income. Thus, we made\"},{\"bbox\":[98.0,817.5,752.1,830.7],\"text\":\"no provision for U.S. federal income taxes for these entities in the accompanying consolidated financial statements. If Simon\"},{\"bbox\":[98.0,832.4,752.0,845.6],\"text\":\"or any of the REIT subsidiaries fail to qualify as a REIT, Simon or that entity will be subject to tax at regular corporate rates for\"},{\"bbox\":[98.0,847.3,752.0,860.5],\"text\":\"the years in which it failed to qualify. If Simon or any of the REIT subsidiaries loses its REIT status it could not elect to be taxed\"},{\"bbox\":[98.0,862.2,752.0,875.4],\"text\":\"as a REIT for four taxable years following the year during which qualification was lost unless the failure to qualify was due to\"},{\"bbox\":[98.0,877.1,418.1,890.3],\"text\":\"reasonable cause and certain other conditions were satisfied.\"}],\"order\":27,\"text\":\"Simon and certain subsidiaries of the Operating Partnership have elected to be taxed as REITs under Sections 856\\nthrough 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification. In order to\\nmaintain this REIT status, the regulations require the entity to distribute at least 90% of REIT taxable income to its owners and\\nmeet certain other asset and income tests as well as other requirements. We intend to continue to adhere to these requirements\\nand maintain Simon’s REIT status and that of the REIT subsidiaries. As REITs, these entities will generally not be liable for\\nU.S. federal corporate income taxes as long as they distribute in excess of 100% of their REIT taxable income. Thus, we made\\nno provision for U.S. federal income taxes for these entities in the accompanying consolidated financial statements. If Simon\\nor any of the REIT subsidiaries fail to qualify as a REIT, Simon or that entity will be subject to tax at regular corporate rates for\\nthe years in which it failed to qualify. If Simon or any of the REIT subsidiaries loses its REIT status it could not elect to be taxed\\nas a REIT for four taxable years following the year during which qualification was lost unless the failure to qualify was due to\\nreasonable cause and certain other conditions were satisfied.\"},{\"bbox\":[98.0,900.5,752.1,943.5],\"lines\":[{\"bbox\":[135.0,900.5,752.1,913.7],\"text\":\"We have also elected taxable REIT subsidiary, or TRS, status for some of our subsidiaries. This enables us to provide\"},{\"bbox\":[98.0,915.4,751.9,928.6],\"text\":\"services that would otherwise be considered impermissible for REITs and participate in activities that do not qualify as “rents\"},{\"bbox\":[98.0,930.3,752.0,943.5],\"text\":\"from real property”. For these entities, deferred tax assets and liabilities are established for temporary differences between the\"}],\"order\":28,\"text\":\"We have also elected taxable REIT subsidiary, or TRS, status for some of our subsidiaries. This enables us to provide\\nservices that would otherwise be considered impermissible for REITs and participate in activities that do not qualify as “rents\\nfrom real property”. For these entities, deferred tax assets and liabilities are established for temporary differences between the\"},{\"bbox\":[415.2,987.4,434.9,1000.6],\"lines\":[{\"bbox\":[415.2,987.4,434.9,1000.6],\"text\":\"102\"}],\"order\":29,\"text\":\"102\"}],\"doc\":\"fintabnet:SPG_2016\",\"dpi\":100,\"image_px\":[850,1100],\"layout\":[],\"markdown\":\"Simon Property Group, Inc.\\nSimon Property Group, L.P.\\nNotes to Consolidated Financial Statements\\n(Dollars in thousands, except share, per share, unit and per unit amounts\\nand where indicated as in millions or billions)\\n\\nManagement Fees and Other Revenues\\n\\nManagement fees and other revenues are generally received from our unconsolidated joint venture properties as well\\nas third parties. Management fee revenue is earned based on a contractual percentage of joint venture property revenue.\\nDevelopment fee revenue is earned on a contractual percentage of hard costs to develop a property. Leasing fee revenue is\\nearned on a contractual per square foot charge based on the square footage of current year leasing activity. We recognize\\nrevenue for these services provided when earned based on the underlying activity.\\n\\nRevenues from insurance premiums charged to unconsolidated properties are recognized on a pro-rata basis over the\\nterms of the policies. Insurance losses on these policies and our self-insurance for our consolidated properties are reflected in\\nproperty operating expenses in the accompanying consolidated statements of operations and comprehensive income and\\ninclude estimates for losses incurred but not reported as well as losses pending settlement. Estimates for losses are based on\\nevaluations by third-party actuaries and management’s estimates. Total insurance reserves for our insurance subsidiaries and\\nother self-insurance programs as of December 31, 2016 and 2015 approximated $83.5 million and $88.1 million, respectively,\\nand are included in other liabilities in the consolidated balance sheets. Information related to the securities included in the\\ninvestment portfolio of our captive insurance subsidiaries is included within the “Marketable and Non-Marketable Securities”\\nsection above.\\n\\nAllowance for Credit Losses\\n\\nWe record a provision for credit losses based on our judgment of a tenant’s creditworthiness, ability to pay and\\nprobability of collection. In addition, we also consider the retail sector in which the tenant operates and our historical collection\\nexperience in cases of bankruptcy, if applicable. Accounts are written off when they are deemed to be no longer collectible.\\nPresented below is the activity in the allowance for credit losses during the following years:\\n\\nFor the Year Ended\\nDecember 31,\\n2016\\n2015\\n\\nBalance, beginning of period . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\nProvision for credit losses . . . . . . . . . . . . . . . . . . . . . .\\n\\nAccounts written off, net of recoveries . . . . . . . . . . . .\\n\\nBalance, end of period . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n2014\\n\\n30,094\\n\\n$ 33,282\\n\\n$ 32,681\\n\\n7,319\\n\\n6,635\\n\\n12,001\\n\\n(14,915)\\n\\n(9,823)\\n\\n(11,400)\\n\\n22,498\\n\\n$ 30,094\\n\\n$ 33,282\\n\\nIncome Taxes\\n\\nSimon and certain subsidiaries of the Operating Partnership have elected to be taxed as REITs under Sections 856\\nthrough 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification. In order to\\nmaintain this REIT status, the regulations require the entity to distribute at least 90% of REIT taxable income to its owners and\\nmeet certain other asset and income tests as well as other requirements. We intend to continue to adhere to these requirements\\nand maintain Simon’s REIT status and that of the REIT subsidiaries. As REITs, these entities will generally not be liable for\\nU.S. federal corporate income taxes as long as they distribute in excess of 100% of their REIT taxable income. Thus, we made\\nno provision for U.S. federal income taxes for these entities in the accompanying consolidated financial statements. If Simon\\nor any of the REIT subsidiaries fail to qualify as a REIT, Simon or that entity will be subject to tax at regular corporate rates for\\nthe years in which it failed to qualify. If Simon or any of the REIT subsidiaries loses its REIT status it could not elect to be taxed\\nas a REIT for four taxable years following the year during which qualification was lost unless the failure to qualify was due to\\nreasonable cause and certain other conditions were satisfied.\\n\\nWe have also elected taxable REIT subsidiary, or TRS, status for some of our subsidiaries. This enables us to provide\\nservices that would otherwise be considered impermissible for REITs and participate in activities that do not qualify as “rents\\nfrom real property”. For these entities, deferred tax assets and liabilities are established for temporary differences between the\\n\\n102\",\"name\":\"fintabnet.SPG_2016_page_116__100dpi_none\",\"page_id\":\"fintabnet.SPG_2016_page_116\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"SPG_2016_page_116\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[163.4,547.5,683.5,667.2],\"block_orders\":[6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25],\"cells\":null}],\"text\":\"Simon Property Group, Inc.\\nSimon Property Group, L.P.\\nNotes to Consolidated Financial Statements\\n(Dollars in thousands, except share, per share, unit and per unit amounts\\nand where indicated as in millions or billions)\\n\\nManagement Fees and Other Revenues\\n\\nManagement fees and other revenues are generally received from our unconsolidated joint venture properties as well\\nas third parties. Management fee revenue is earned based on a contractual percentage of joint venture property revenue.\\nDevelopment fee revenue is earned on a contractual percentage of hard costs to develop a property. Leasing fee revenue is\\nearned on a contractual per square foot charge based on the square footage of current year leasing activity. We recognize\\nrevenue for these services provided when earned based on the underlying activity.\\n\\nRevenues from insurance premiums charged to unconsolidated properties are recognized on a pro-rata basis over the\\nterms of the policies. Insurance losses on these policies and our self-insurance for our consolidated properties are reflected in\\nproperty operating expenses in the accompanying consolidated statements of operations and comprehensive income and\\ninclude estimates for losses incurred but not reported as well as losses pending settlement. Estimates for losses are based on\\nevaluations by third-party actuaries and management’s estimates. Total insurance reserves for our insurance subsidiaries and\\nother self-insurance programs as of December 31, 2016 and 2015 approximated $83.5 million and $88.1 million, respectively,\\nand are included in other liabilities in the consolidated balance sheets. Information related to the securities included in the\\ninvestment portfolio of our captive insurance subsidiaries is included within the “Marketable and Non-Marketable Securities”\\nsection above.\\n\\nAllowance for Credit Losses\\n\\nWe record a provision for credit losses based on our judgment of a tenant’s creditworthiness, ability to pay and\\nprobability of collection. In addition, we also consider the retail sector in which the tenant operates and our historical collection\\nexperience in cases of bankruptcy, if applicable. Accounts are written off when they are deemed to be no longer collectible.\\nPresented below is the activity in the allowance for credit losses during the following years:\\n\\nFor the Year Ended\\nDecember 31,\\n2016\\n2015\\n\\nBalance, beginning of period . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\nProvision for credit losses . . . . . . . . . . . . . . . . . . . . . .\\n\\nAccounts written off, net of recoveries . . . . . . . . . . . .\\n\\nBalance, end of period . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$\\n\\n2014\\n\\n30,094\\n\\n$ 33,282\\n\\n$ 32,681\\n\\n7,319\\n\\n6,635\\n\\n12,001\\n\\n(14,915)\\n\\n(9,823)\\n\\n(11,400)\\n\\n22,498\\n\\n$ 30,094\\n\\n$ 33,282\\n\\nIncome Taxes\\n\\nSimon and certain subsidiaries of the Operating Partnership have elected to be taxed as REITs under Sections 856\\nthrough 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification. In order to\\nmaintain this REIT status, the regulations require the entity to distribute at least 90% of REIT taxable income to its owners and\\nmeet certain other asset and income tests as well as other requirements. We intend to continue to adhere to these requirements\\nand maintain Simon’s REIT status and that of the REIT subsidiaries. As REITs, these entities will generally not be liable for\\nU.S. federal corporate income taxes as long as they distribute in excess of 100% of their REIT taxable income. Thus, we made\\nno provision for U.S. federal income taxes for these entities in the accompanying consolidated financial statements. If Simon\\nor any of the REIT subsidiaries fail to qualify as a REIT, Simon or that entity will be subject to tax at regular corporate rates for\\nthe years in which it failed to qualify. If Simon or any of the REIT subsidiaries loses its REIT status it could not elect to be taxed\\nas a REIT for four taxable years following the year during which qualification was lost unless the failure to qualify was due to\\nreasonable cause and certain other conditions were satisfied.\\n\\nWe have also elected taxable REIT subsidiary, or TRS, status for some of our subsidiaries. This enables us to provide\\nservices that would otherwise be considered impermissible for REITs and participate in activities that do not qualify as “rents\\nfrom real property”. 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"STE_2019_page_21\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:STE_2019\",\"ground_truth\":{\"blocks\":[{\"bbox\":[208.5,157.7,783.7,609.9],\"lines\":[{\"bbox\":[212.7,157.7,783.7,209.8],\"text\":\"We could experience a failure of a\"},{\"bbox\":[212.2,207.7,675.6,258.7],\"text\":\"key information technology\"},{\"bbox\":[211.6,257.7,782.7,309.8],\"text\":\"system, process or site or a breach\"},{\"bbox\":[211.1,307.7,771.4,359.7],\"text\":\"of information security, including\"},{\"bbox\":[210.6,357.7,750.3,409.5],\"text\":\"a cybersecurity breach or failure\"},{\"bbox\":[210.1,407.7,734.8,459.4],\"text\":\"of one or more key information\"},{\"bbox\":[209.5,457.8,721.6,509.2],\"text\":\"technology systems, networks,\"},{\"bbox\":[209.0,507.8,690.9,558.9],\"text\":\"processes, associated sites or\"},{\"bbox\":[208.5,557.8,505.2,607.0],\"text\":\"service providers.\"}],\"order\":0,\"text\":\"We could experience a failure of a\\nkey information technology\\nsystem, process or site or a breach\\nof information security, including\\na cybersecurity breach or failure\\nof one or more key information\\ntechnology systems, networks,\\nprocesses, associated sites or\\nservice providers.\"},{\"bbox\":[190.6,1450.7,431.1,1517.8],\"lines\":[{\"bbox\":[190.6,1450.7,431.1,1517.8],\"text\":\"ITEM 1B.\"}],\"order\":1,\"text\":\"ITEM 1B.\"},{\"bbox\":[804.9,164.0,2321.9,1376.0],\"lines\":[{\"bbox\":[816.9,164.0,2214.6,224.8],\"text\":\"We rely extensively on information technology (IT) systems to conduct business. In\"},{\"bbox\":[816.4,214.0,2223.2,274.9],\"text\":\"addition, we rely on networks and services, including internet sites, data hosting and\"},{\"bbox\":[815.9,264.0,2320.9,325.9],\"text\":\"processing facilities and tools and other hardware, software and technical applications and\"},{\"bbox\":[815.4,314.1,2277.6,375.5],\"text\":\"platforms, some of which are managed, hosted, provided and/or used by third-parties or\"},{\"bbox\":[814.8,364.1,2300.3,425.7],\"text\":\"their vendors, to assist in conducting our business. Numerous and evolving cybersecurity\"},{\"bbox\":[814.3,414.1,2251.5,475.2],\"text\":\"threats pose potential risks to the security of our IT systems, networks and services, as\"},{\"bbox\":[813.8,464.1,2235.4,525.1],\"text\":\"well as the confidentiality, availability and integrity of our data. While we have made\"},{\"bbox\":[813.3,514.1,2199.2,574.7],\"text\":\"investments seeking to address these threats, including monitoring of networks and\"},{\"bbox\":[812.7,564.1,2235.7,625.1],\"text\":\"systems, hiring of experts, employee training and security policies for employees and\"},{\"bbox\":[812.2,614.1,2283.7,675.6],\"text\":\"third-party providers, the techniques used in these attacks change frequently and may be\"},{\"bbox\":[811.7,664.1,2222.5,725.0],\"text\":\"difficult to detect for periods of time and we may face difficulties in anticipating and\"},{\"bbox\":[811.2,714.1,2300.2,775.8],\"text\":\"implementing adequate preventative measures. If our IT systems are damaged or cease to\"},{\"bbox\":[810.7,764.1,2161.3,824.3],\"text\":\"function properly, the networks or service providers we rely upon fail to function\"},{\"bbox\":[810.1,814.1,2193.6,874.7],\"text\":\"properly, or we or one of our third-party providers suffer a loss or disclosure of our\"},{\"bbox\":[809.6,864.1,2121.4,923.9],\"text\":\"business or stakeholder information due to any number of causes ranging from\"},{\"bbox\":[809.1,914.1,2281.7,975.6],\"text\":\"catastrophic events or power outages to improper data handling or security breaches and\"},{\"bbox\":[808.6,964.1,2266.6,1025.5],\"text\":\"our business continuity plans do not effectively address these failures on a timely basis,\"},{\"bbox\":[808.0,1014.1,2257.6,1075.4],\"text\":\"we may be exposed to reputational, competitive and business harm as well as litigation\"},{\"bbox\":[807.5,1064.1,2297.5,1125.8],\"text\":\"and regulatory action. Enforcement of the General Data Protection Regulation (“GDPR”)\"},{\"bbox\":[807.0,1114.1,2252.6,1175.4],\"text\":\"was effective as of May 2018. The GDPR is focused on the protection of personal data\"},{\"bbox\":[806.5,1164.1,2251.5,1225.4],\"text\":\"not merely the privacy of personal data. The GDPR creates a range of new compliance\"},{\"bbox\":[805.9,1214.1,2142.1,1274.2],\"text\":\"obligations and will significantly increase financial penalties for noncompliance\"},{\"bbox\":[805.4,1264.1,2156.6,1324.4],\"text\":\"(including possible fines of up to 4% of global annual revenues for the preceding\"},{\"bbox\":[804.9,1314.2,2255.6,1375.4],\"text\":\"financial year or €20 million (whichever is higher) for the most serious infringements).\"}],\"order\":2,\"text\":\"We rely extensively on information technology (IT) systems to conduct business. In\\naddition, we rely on networks and services, including internet sites, data hosting and\\nprocessing facilities and tools and other hardware, software and technical applications and\\nplatforms, some of which are managed, hosted, provided and/or used by third-parties or\\ntheir vendors, to assist in conducting our business. Numerous and evolving cybersecurity\\nthreats pose potential risks to the security of our IT systems, networks and services, as\\nwell as the confidentiality, availability and integrity of our data. While we have made\\ninvestments seeking to address these threats, including monitoring of networks and\\nsystems, hiring of experts, employee training and security policies for employees and\\nthird-party providers, the techniques used in these attacks change frequently and may be\\ndifficult to detect for periods of time and we may face difficulties in anticipating and\\nimplementing adequate preventative measures. If our IT systems are damaged or cease to\\nfunction properly, the networks or service providers we rely upon fail to function\\nproperly, or we or one of our third-party providers suffer a loss or disclosure of our\\nbusiness or stakeholder information due to any number of causes ranging from\\ncatastrophic events or power outages to improper data handling or security breaches and\\nour business continuity plans do not effectively address these failures on a timely basis,\\nwe may be exposed to reputational, competitive and business harm as well as litigation\\nand regulatory action. Enforcement of the General Data Protection Regulation (“GDPR”)\\nwas effective as of May 2018. The GDPR is focused on the protection of personal data\\nnot merely the privacy of personal data. The GDPR creates a range of new compliance\\nobligations and will significantly increase financial penalties for noncompliance\\n(including possible fines of up to 4% of global annual revenues for the preceding\\nfinancial year or €20 million (whichever is higher) for the most serious infringements).\"},{\"bbox\":[490.7,1453.8,1405.1,1528.0],\"lines\":[{\"bbox\":[490.7,1453.8,1405.1,1528.0],\"text\":\"UNRESOLVED STAFF COMMENTS\"}],\"order\":3,\"text\":\"UNRESOLVED STAFF COMMENTS\"},{\"bbox\":[264.9,1541.3,366.1,1588.5],\"lines\":[{\"bbox\":[264.9,1541.3,366.1,1588.5],\"text\":\"None.\"}],\"order\":4,\"text\":\"None.\"},{\"bbox\":[188.6,1645.7,390.2,1712.4],\"lines\":[{\"bbox\":[188.6,1645.7,390.2,1712.4],\"text\":\"ITEM 2.\"}],\"order\":5,\"text\":\"ITEM 2.\"},{\"bbox\":[491.6,1648.9,832.4,1717.0],\"lines\":[{\"bbox\":[491.6,1648.9,832.4,1717.0],\"text\":\"PROPERTIES\"}],\"order\":6,\"text\":\"PROPERTIES\"},{\"bbox\":[186.3,1735.6,2275.4,1953.5],\"lines\":[{\"bbox\":[262.9,1736.4,2181.2,1802.5],\"text\":\"The following table sets forth the principal plants and other materially important properties of the Company and its\"},{\"bbox\":[187.3,1785.6,2274.9,1853.5],\"text\":\"subsidiaries as of March 31, 2019. The Company believes that its facilities are adequate for operations and are maintained in\"},{\"bbox\":[186.8,1835.6,2185.4,1902.6],\"text\":\"good condition. The Company is confident that, if needed, it will be able to acquire additional facilities at commercially\"},{\"bbox\":[186.3,1885.6,464.5,1934.6],\"text\":\"reasonable rates.\"}],\"order\":7,\"text\":\"The following table sets forth the principal plants and other materially important properties of the Company and its\\nsubsidiaries as of March 31, 2019. The Company believes that its facilities are adequate for operations and are maintained in\\ngood condition. The Company is confident that, if needed, it will be able to acquire additional facilities at commercially\\nreasonable rates.\"},{\"bbox\":[184.4,1960.6,2246.2,2128.3],\"lines\":[{\"bbox\":[260.5,1961.4,2136.3,2027.1],\"text\":\"In the table below, “Contract Sterilization” refers to locations of the Applied Sterilization Technologies segment.\"},{\"bbox\":[185.0,2010.6,2245.7,2078.3],\"text\":\"“Manufacturing,” “Warehousing,” “Operations,” or “Sales Offices” refer to locations serving one or more of the Healthcare\"},{\"bbox\":[184.4,2060.6,1331.8,2118.7],\"text\":\"Products, Healthcare Specialty Services and Life Sciences segments.\"}],\"order\":8,\"text\":\"In the table below, “Contract Sterilization” refers to locations of the Applied Sterilization Technologies segment.\\n“Manufacturing,” “Warehousing,” “Operations,” or “Sales Offices” refer to locations serving one or more of the Healthcare\\nProducts, Healthcare Specialty Services and Life Sciences segments.\"},{\"bbox\":[187.2,2197.5,2219.0,3056.6],\"lines\":[{\"bbox\":[195.5,2197.5,2039.3,2262.9],\"text\":\"Ireland (IE), United States (U.S.) Locations (including Puerto Rico) and International Locations (INTL)\"},{\"bbox\":[949.1,2267.8,1094.3,2315.4],\"text\":\"IE /U.S./\"},{\"bbox\":[194.4,2301.6,343.1,2349.2],\"text\":\"Location\"},{\"bbox\":[948.7,2309.4,1058.0,2356.7],\"text\":\"INTL*\"},{\"bbox\":[1202.9,2312.1,1268.2,2358.9],\"text\":\"Use\"},{\"bbox\":[1969.7,2320.1,2217.9,2368.8],\"text\":\"Owned/Leased\"},{\"bbox\":[193.8,2360.5,484.4,2409.6],\"text\":\"Montgomery, AL\"},{\"bbox\":[948.1,2368.4,1022.7,2415.3],\"text\":\"U.S.\"},{\"bbox\":[1202.3,2371.0,1450.4,2419.7],\"text\":\"Manufacturing\"},{\"bbox\":[1969.0,2382.8,2089.9,2430.2],\"text\":\"Owned\"},{\"bbox\":[193.2,2423.0,399.7,2471.3],\"text\":\"Ontario, CA\"},{\"bbox\":[947.4,2430.9,1022.0,2477.8],\"text\":\"U.S.\"},{\"bbox\":[1201.6,2433.5,1559.8,2483.4],\"text\":\"Contract Sterilization\"},{\"bbox\":[1968.4,2445.3,2089.2,2492.7],\"text\":\"Owned\"},{\"bbox\":[192.5,2485.5,446.5,2534.3],\"text\":\"San Diego, CA\"},{\"bbox\":[946.8,2493.4,1021.4,2540.3],\"text\":\"U.S.\"},{\"bbox\":[1201.0,2496.0,1559.1,2545.9],\"text\":\"Contract Sterilization\"},{\"bbox\":[1967.7,2507.8,2088.6,2555.2],\"text\":\"Owned\"},{\"bbox\":[191.9,2548.0,433.9,2596.7],\"text\":\"Temecula, CA\"},{\"bbox\":[946.1,2555.9,1020.7,2602.8],\"text\":\"U.S.\"},{\"bbox\":[1200.3,2558.5,1558.5,2608.4],\"text\":\"Contract Sterilization\"},{\"bbox\":[1967.1,2570.3,2087.9,2617.7],\"text\":\"Owned\"},{\"bbox\":[191.2,2610.5,506.8,2659.9],\"text\":\"Libertyville, IL (2)\"},{\"bbox\":[945.5,2618.4,1020.1,2665.3],\"text\":\"U.S.\"},{\"bbox\":[1199.7,2621.1,1557.8,2670.9],\"text\":\"Contract Sterilization\"},{\"bbox\":[1966.4,2632.8,2087.2,2680.2],\"text\":\"Owned\"},{\"bbox\":[190.5,2673.0,515.1,2722.5],\"text\":\"Northborough, MA\"},{\"bbox\":[944.8,2680.9,1019.4,2727.8],\"text\":\"U.S.\"},{\"bbox\":[1199.0,2683.6,1557.2,2733.4],\"text\":\"Contract Sterilization\"},{\"bbox\":[1965.8,2695.3,2086.6,2742.7],\"text\":\"Owned\"},{\"bbox\":[189.9,2735.5,522.6,2785.1],\"text\":\"Brooklyn Park, MN\"},{\"bbox\":[944.2,2743.4,1018.7,2790.3],\"text\":\"U.S.\"},{\"bbox\":[1198.4,2746.1,1556.5,2795.9],\"text\":\"Contract Sterilization\"},{\"bbox\":[1965.1,2757.8,2085.9,2805.2],\"text\":\"Owned\"},{\"bbox\":[189.2,2798.0,487.2,2847.3],\"text\":\"St. Louis, MO (4)\"},{\"bbox\":[943.5,2805.9,1018.1,2852.8],\"text\":\"U.S.\"},{\"bbox\":[1197.7,2808.6,1445.9,2857.3],\"text\":\"Manufacturing\"},{\"bbox\":[1964.5,2820.3,2085.3,2867.7],\"text\":\"Owned\"},{\"bbox\":[188.6,2860.5,525.9,2910.2],\"text\":\"South Plainfield, NJ\"},{\"bbox\":[942.9,2868.4,1017.4,2915.3],\"text\":\"U.S.\"},{\"bbox\":[1197.1,2871.1,1555.2,2920.9],\"text\":\"Contract Sterilization\"},{\"bbox\":[1963.8,2882.8,2084.6,2930.2],\"text\":\"Owned\"},{\"bbox\":[187.9,2923.0,427.8,2971.7],\"text\":\"Whippany, NJ\"},{\"bbox\":[942.2,2930.9,1016.8,2977.8],\"text\":\"U.S.\"},{\"bbox\":[1196.4,2933.6,1554.6,2983.4],\"text\":\"Contract Sterilization\"},{\"bbox\":[1963.1,2945.3,2084.0,2992.7],\"text\":\"Owned\"},{\"bbox\":[187.3,2985.5,452.6,3034.4],\"text\":\"Chester, NY (2)\"},{\"bbox\":[941.6,2993.4,1016.1,3040.3],\"text\":\"U.S.\"},{\"bbox\":[1195.8,2996.1,1553.9,3046.0],\"text\":\"Contract Sterilization\"},{\"bbox\":[1962.5,3007.9,2083.3,3055.2],\"text\":\"Owned\"}],\"order\":9,\"text\":\"Ireland (IE), United States (U.S.) Locations (including Puerto Rico) and International Locations (INTL)\\nIE /U.S./\\nLocation\\nINTL*\\nUse\\nOwned/Leased\\nMontgomery, AL\\nU.S.\\nManufacturing\\nOwned\\nOntario, CA\\nU.S.\\nContract Sterilization\\nOwned\\nSan Diego, CA\\nU.S.\\nContract Sterilization\\nOwned\\nTemecula, CA\\nU.S.\\nContract Sterilization\\nOwned\\nLibertyville, IL (2)\\nU.S.\\nContract Sterilization\\nOwned\\nNorthborough, MA\\nU.S.\\nContract Sterilization\\nOwned\\nBrooklyn Park, MN\\nU.S.\\nContract Sterilization\\nOwned\\nSt. Louis, MO (4)\\nU.S.\\nManufacturing\\nOwned\\nSouth Plainfield, NJ\\nU.S.\\nContract Sterilization\\nOwned\\nWhippany, NJ\\nU.S.\\nContract Sterilization\\nOwned\\nChester, NY (2)\\nU.S.\\nContract Sterilization\\nOwned\"},{\"bbox\":[1219.5,3112.5,1261.7,3159.1],\"lines\":[{\"bbox\":[1219.5,3112.5,1261.7,3159.1],\"text\":\"18\"}],\"order\":10,\"text\":\"18\"}],\"doc\":\"fintabnet:STE_2019\",\"dpi\":300,\"image_px\":[2513,3263],\"layout\":[],\"markdown\":\"We could experience a failure of a\\nkey information technology\\nsystem, process or site or a breach\\nof information security, including\\na cybersecurity breach or failure\\nof one or more key information\\ntechnology systems, networks,\\nprocesses, associated sites or\\nservice providers.\\n\\nITEM 1B.\\n\\nWe rely extensively on information technology (IT) systems to conduct business. In\\naddition, we rely on networks and services, including internet sites, data hosting and\\nprocessing facilities and tools and other hardware, software and technical applications and\\nplatforms, some of which are managed, hosted, provided and/or used by third-parties or\\ntheir vendors, to assist in conducting our business. Numerous and evolving cybersecurity\\nthreats pose potential risks to the security of our IT systems, networks and services, as\\nwell as the confidentiality, availability and integrity of our data. While we have made\\ninvestments seeking to address these threats, including monitoring of networks and\\nsystems, hiring of experts, employee training and security policies for employees and\\nthird-party providers, the techniques used in these attacks change frequently and may be\\ndifficult to detect for periods of time and we may face difficulties in anticipating and\\nimplementing adequate preventative measures. If our IT systems are damaged or cease to\\nfunction properly, the networks or service providers we rely upon fail to function\\nproperly, or we or one of our third-party providers suffer a loss or disclosure of our\\nbusiness or stakeholder information due to any number of causes ranging from\\ncatastrophic events or power outages to improper data handling or security breaches and\\nour business continuity plans do not effectively address these failures on a timely basis,\\nwe may be exposed to reputational, competitive and business harm as well as litigation\\nand regulatory action. Enforcement of the General Data Protection Regulation (“GDPR”)\\nwas effective as of May 2018. The GDPR is focused on the protection of personal data\\nnot merely the privacy of personal data. The GDPR creates a range of new compliance\\nobligations and will significantly increase financial penalties for noncompliance\\n(including possible fines of up to 4% of global annual revenues for the preceding\\nfinancial year or €20 million (whichever is higher) for the most serious infringements).\\n\\nUNRESOLVED STAFF COMMENTS\\n\\nNone.\\n\\nITEM 2.\\n\\nPROPERTIES\\n\\nThe following table sets forth the principal plants and other materially important properties of the Company and its\\nsubsidiaries as of March 31, 2019. The Company believes that its facilities are adequate for operations and are maintained in\\ngood condition. The Company is confident that, if needed, it will be able to acquire additional facilities at commercially\\nreasonable rates.\\n\\nIn the table below, “Contract Sterilization” refers to locations of the Applied Sterilization Technologies segment.\\n“Manufacturing,” “Warehousing,” “Operations,” or “Sales Offices” refer to locations serving one or more of the Healthcare\\nProducts, Healthcare Specialty Services and Life Sciences segments.\\n\\nIreland (IE), United States (U.S.) Locations (including Puerto Rico) and International Locations (INTL)\\nIE /U.S./\\nLocation\\nINTL*\\nUse\\nOwned/Leased\\nMontgomery, AL\\nU.S.\\nManufacturing\\nOwned\\nOntario, CA\\nU.S.\\nContract Sterilization\\nOwned\\nSan Diego, CA\\nU.S.\\nContract Sterilization\\nOwned\\nTemecula, CA\\nU.S.\\nContract Sterilization\\nOwned\\nLibertyville, IL (2)\\nU.S.\\nContract Sterilization\\nOwned\\nNorthborough, MA\\nU.S.\\nContract Sterilization\\nOwned\\nBrooklyn Park, MN\\nU.S.\\nContract Sterilization\\nOwned\\nSt. Louis, MO (4)\\nU.S.\\nManufacturing\\nOwned\\nSouth Plainfield, NJ\\nU.S.\\nContract Sterilization\\nOwned\\nWhippany, NJ\\nU.S.\\nContract Sterilization\\nOwned\\nChester, NY (2)\\nU.S.\\nContract Sterilization\\nOwned\\n\\n18\",\"name\":\"fintabnet.STE_2019_page_21__300dpi_mild\",\"page_id\":\"fintabnet.STE_2019_page_21\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.599,\"source\":\"fintabnet\",\"source_id\":\"STE_2019_page_21\",\"stack\":[{\"deg\":-0.599,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.48},{\"op\":\"noise\",\"sigma\":2.053},{\"op\":\"jpeg\",\"q\":77}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[187.2,2259.9,2218.3,3056.6],\"block_orders\":[9],\"cells\":null}],\"text\":\"We could experience a failure of a\\nkey information technology\\nsystem, process or site or a breach\\nof information security, including\\na cybersecurity breach or failure\\nof one or more key information\\ntechnology systems, networks,\\nprocesses, associated sites or\\nservice providers.\\n\\nITEM 1B.\\n\\nWe rely extensively on information technology (IT) systems to conduct business. In\\naddition, we rely on networks and services, including internet sites, data hosting and\\nprocessing facilities and tools and other hardware, software and technical applications and\\nplatforms, some of which are managed, hosted, provided and/or used by third-parties or\\ntheir vendors, to assist in conducting our business. Numerous and evolving cybersecurity\\nthreats pose potential risks to the security of our IT systems, networks and services, as\\nwell as the confidentiality, availability and integrity of our data. While we have made\\ninvestments seeking to address these threats, including monitoring of networks and\\nsystems, hiring of experts, employee training and security policies for employees and\\nthird-party providers, the techniques used in these attacks change frequently and may be\\ndifficult to detect for periods of time and we may face difficulties in anticipating and\\nimplementing adequate preventative measures. If our IT systems are damaged or cease to\\nfunction properly, the networks or service providers we rely upon fail to function\\nproperly, or we or one of our third-party providers suffer a loss or disclosure of our\\nbusiness or stakeholder information due to any number of causes ranging from\\ncatastrophic events or power outages to improper data handling or security breaches and\\nour business continuity plans do not effectively address these failures on a timely basis,\\nwe may be exposed to reputational, competitive and business harm as well as litigation\\nand regulatory action. Enforcement of the General Data Protection Regulation (“GDPR”)\\nwas effective as of May 2018. The GDPR is focused on the protection of personal data\\nnot merely the privacy of personal data. The GDPR creates a range of new compliance\\nobligations and will significantly increase financial penalties for noncompliance\\n(including possible fines of up to 4% of global annual revenues for the preceding\\nfinancial year or €20 million (whichever is higher) for the most serious infringements).\\n\\nUNRESOLVED STAFF COMMENTS\\n\\nNone.\\n\\nITEM 2.\\n\\nPROPERTIES\\n\\nThe following table sets forth the principal plants and other materially important properties of the Company and its\\nsubsidiaries as of March 31, 2019. The Company believes that its facilities are adequate for operations and are maintained in\\ngood condition. 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(IE), United States (U.S.) Locations (including Puerto Rico) and International Locations (INTL)\\nIE /U.S./\\nLocation\\nINTL*\\nUse\\nOwned/Leased\\nKnowsley, England\\nINTL\\nOperations\\nLeased\\nOxfordshire, England\\nINTL\\nContract Sterilization\\nLeased\\nSheffield, England\\nINTL\\nOperations\\nLeased\\nStrathclyde, Scotland\\nINTL\\nOperations\\nLeased\\nSwindon, England\\nINTL\\nOperations\\nLeased\\nWythenshawe, England\\nINTL\\nOperations\\nLeased\\nBishop Stortford, England (4)\\nINTL\\nManufacturing/Warehousing/Operations\\nLeased\"},{\"bbox\":[202.0,827.1,693.9,1060.8],\"lines\":[{\"bbox\":[202.0,827.1,493.7,873.3],\"text\":\"Pitsford, England\"},{\"bbox\":[202.0,889.7,487.7,935.8],\"text\":\"Harrow, England\"},{\"bbox\":[202.0,952.2,534.2,998.3],\"text\":\"Didcot, England (2)\"},{\"bbox\":[202.0,1014.7,693.9,1060.8],\"text\":\"Sao Jose Dos Campos, Brazil\"}],\"order\":1,\"text\":\"Pitsford, England\\nHarrow, England\\nDidcot, England (2)\\nSao Jose Dos Campos, 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"STX_2004_page_77\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:STX_2004\",\"ground_truth\":{\"blocks\":[{\"bbox\":[18.0,47.2,94.0,56.2],\"lines\":[{\"bbox\":[18.0,47.2,94.0,56.2],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[244.4,72.5,367.4,81.5],\"lines\":[{\"bbox\":[244.4,72.5,367.4,81.5],\"text\":\"SEAGATE TECHNOLOGY\"}],\"order\":1,\"text\":\"SEAGATE TECHNOLOGY\"},{\"bbox\":[142.9,87.5,469.0,96.5],\"lines\":[{\"bbox\":[142.9,87.5,469.0,96.5],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"}],\"order\":2,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"},{\"bbox\":[18.0,106.8,590.6,126.8],\"lines\":[{\"bbox\":[18.0,106.8,590.6,115.8],\"text\":\"12½% senior subordinated notes, a $4 million loss on the interest rate swap related to one of the term loans comprising the former senior credit\"},{\"bbox\":[18.0,117.9,227.6,126.8],\"text\":\"facilities and $1 million of other costs and expenses.\"}],\"order\":3,\"text\":\"12½% senior subordinated notes, a $4 million loss on the interest rate swap related to one of the term loans comprising the former senior credit\\nfacilities and $1 million of other costs and expenses.\"},{\"bbox\":[41.0,137.3,212.9,146.3],\"lines\":[{\"bbox\":[41.0,137.3,212.9,146.3],\"text\":\"Long-term debt consisted of the following:\"}],\"order\":4,\"text\":\"Long-term debt consisted of the following:\"},{\"bbox\":[458.0,152.6,479.3,167.6],\"lines\":[{\"bbox\":[458.0,152.6,479.3,159.3],\"text\":\"July 2,\"},{\"bbox\":[461.2,160.9,476.2,167.6],\"text\":\"2004\"}],\"order\":5,\"text\":\"July 2,\\n2004\"},{\"bbox\":[509.5,152.6,536.3,167.6],\"lines\":[{\"bbox\":[509.5,152.6,536.3,159.3],\"text\":\"June 27,\"},{\"bbox\":[515.4,160.9,530.4,167.6],\"text\":\"2003\"}],\"order\":6,\"text\":\"June 27,\\n2003\"},{\"bbox\":[477.6,180.6,516.3,187.3],\"lines\":[{\"bbox\":[477.6,180.6,516.3,187.3],\"text\":\"(in millions)\"}],\"order\":7,\"text\":\"(in millions)\"},{\"bbox\":[75.6,189.3,398.2,231.5],\"lines\":[{\"bbox\":[75.6,189.3,197.7,198.2],\"text\":\"LIBOR plus 2.0% term loan B\"},{\"bbox\":[75.6,200.4,240.5,209.4],\"text\":\"8.0% senior subordinated notes due 2009\"},{\"bbox\":[75.6,211.5,398.2,220.4],\"text\":\"Capitalized lease obligations with interest at 14% to 19.25% collateralized by by\"},{\"bbox\":[87.6,222.5,276.9,231.5],\"text\":\"certain manufacturing equipment and buildings\"}],\"order\":8,\"text\":\"LIBOR plus 2.0% term loan B\\n8.0% senior subordinated notes due 2009\\nCapitalized lease obligations with interest at 14% to 19.25% collateralized by by\\ncertain manufacturing equipment and buildings\"},{\"bbox\":[75.6,256.0,156.1,265.0],\"lines\":[{\"bbox\":[75.6,256.0,156.1,265.0],\"text\":\"Less current portion\"}],\"order\":9,\"text\":\"Less current portion\"},{\"bbox\":[457.7,189.3,479.7,209.4],\"lines\":[{\"bbox\":[457.7,189.3,479.7,198.2],\"text\":\"$ 343\"},{\"bbox\":[464.8,200.4,479.7,209.4],\"text\":\"400\"}],\"order\":10,\"text\":\"$ 343\\n400\"},{\"bbox\":[509.5,189.3,536.3,209.4],\"lines\":[{\"bbox\":[509.5,189.3,536.3,198.2],\"text\":\"$ 348\"},{\"bbox\":[521.4,200.4,536.3,209.4],\"text\":\"400\"}],\"order\":11,\"text\":\"$ 348\\n400\"},{\"bbox\":[464.8,222.5,474.7,231.5],\"lines\":[{\"bbox\":[464.8,222.5,474.7,231.5],\"text\":\"—\"}],\"order\":12,\"text\":\"—\"},{\"bbox\":[531.4,222.5,536.3,231.5],\"lines\":[{\"bbox\":[531.4,222.5,536.3,231.5],\"text\":\"1\"}],\"order\":13,\"text\":\"1\"},{\"bbox\":[464.8,244.8,479.8,265.0],\"lines\":[{\"bbox\":[464.8,244.8,479.7,253.8],\"text\":\"743\"},{\"bbox\":[474.8,256.0,479.8,265.0],\"text\":\"4\"}],\"order\":14,\"text\":\"743\\n4\"},{\"bbox\":[521.4,244.8,536.3,265.0],\"lines\":[{\"bbox\":[521.4,244.8,536.3,253.8],\"text\":\"749\"},{\"bbox\":[531.4,256.0,536.3,265.0],\"text\":\"4\"}],\"order\":15,\"text\":\"749\\n4\"},{\"bbox\":[457.7,278.3,479.7,287.3],\"lines\":[{\"bbox\":[457.7,278.3,479.7,287.3],\"text\":\"$ 739\"}],\"order\":16,\"text\":\"$ 739\"},{\"bbox\":[509.5,278.3,536.3,287.3],\"lines\":[{\"bbox\":[509.5,278.3,536.3,287.3],\"text\":\"$ 745\"}],\"order\":17,\"text\":\"$ 745\"},{\"bbox\":[41.0,310.5,394.0,319.4],\"lines\":[{\"bbox\":[41.0,310.5,394.0,319.4],\"text\":\"At July 2, 2004, future minimum principal payments on long-term debt were as follows:\"}],\"order\":18,\"text\":\"At July 2, 2004, future minimum principal payments on long-term debt were as follows:\"},{\"bbox\":[75.6,330.2,112.1,336.9],\"lines\":[{\"bbox\":[75.6,330.2,112.1,336.9],\"text\":\"Fiscal Year\"}],\"order\":19,\"text\":\"Fiscal Year\"},{\"bbox\":[75.6,350.3,117.2,414.6],\"lines\":[{\"bbox\":[75.6,350.3,95.6,359.3],\"text\":\"2005\"},{\"bbox\":[75.6,361.4,95.6,370.3],\"text\":\"2006\"},{\"bbox\":[75.6,372.4,95.6,381.4],\"text\":\"2007\"},{\"bbox\":[75.6,383.4,95.6,392.4],\"text\":\"2008\"},{\"bbox\":[75.6,394.6,95.6,403.6],\"text\":\"2009\"},{\"bbox\":[75.6,405.6,117.2,414.6],\"text\":\"Thereafter\"}],\"order\":20,\"text\":\"2005\\n2006\\n2007\\n2008\\n2009\\nThereafter\"},{\"bbox\":[516.4,350.3,521.3,359.3],\"lines\":[{\"bbox\":[516.4,350.3,521.3,359.3],\"text\":\"$\"}],\"order\":21,\"text\":\"$\"},{\"bbox\":[521.4,350.3,536.3,414.6],\"lines\":[{\"bbox\":[531.4,350.3,536.3,359.3],\"text\":\"4\"},{\"bbox\":[531.4,361.4,536.3,370.3],\"text\":\"3\"},{\"bbox\":[521.4,372.4,536.3,381.4],\"text\":\"336\"},{\"bbox\":[521.4,383.4,531.3,392.4],\"text\":\"—\"},{\"bbox\":[521.4,394.6,536.3,403.6],\"text\":\"400\"},{\"bbox\":[521.4,405.6,531.3,414.6],\"text\":\"—\"}],\"order\":22,\"text\":\"4\\n3\\n336\\n—\\n400\\n—\"},{\"bbox\":[516.4,428.0,536.3,436.9],\"lines\":[{\"bbox\":[516.4,428.0,536.3,436.9],\"text\":\"$ 743\"}],\"order\":23,\"text\":\"$ 743\"},{\"bbox\":[18.0,460.1,582.1,480.2],\"lines\":[{\"bbox\":[41.0,460.1,582.1,469.1],\"text\":\"As of July 2, 2004, the Company had $37 million of outstanding standby letters of credit and bankers’ guarantees issued under its $150\"},{\"bbox\":[18.0,471.3,146.2,480.2],\"text\":\"million revolving credit facility.\"}],\"order\":24,\"text\":\"As of July 2, 2004, the Company had $37 million of outstanding standby letters of credit and bankers’ guarantees issued under its $150\\nmillion revolving credit facility.\"},{\"bbox\":[18.0,490.7,591.7,577.2],\"lines\":[{\"bbox\":[41.0,490.7,583.3,499.7],\"text\":\"The Company is restricted in its ability to pay distributions to its shareholders by the covenants contained in the indenture governing its\"},{\"bbox\":[18.0,501.8,571.7,510.7],\"text\":\"senior notes and the credit agreement governing its senior secured credit facilities. The covenants contained in the indenture governing the\"},{\"bbox\":[18.0,512.8,565.9,521.8],\"text\":\"Company’s senior notes limit the aggregate amount of restricted payments, including distributions to shareholders, to 50% of cumulative\"},{\"bbox\":[18.0,523.8,568.1,532.8],\"text\":\"consolidated net income plus 100% of net cash proceeds received from the issuance of capital for the period beginning June 30, 2001 and\"},{\"bbox\":[18.0,535.0,578.6,544.0],\"text\":\"ending the most recent fiscal quarter for which financial statements are internally available. Currently, the most significant restriction on the\"},{\"bbox\":[18.0,546.0,591.7,555.0],\"text\":\"Company’s ability to pay dividends is under the credit agreement governing the Company’s senior secured credit facilities, which limits annual\"},{\"bbox\":[18.0,557.1,585.7,566.0],\"text\":\"distributions to $150 million. The Company’s declaration of distributions is also subject to Cayman Islands law and the discretion of its board\"},{\"bbox\":[18.0,568.2,66.2,577.2],\"text\":\"of directors.\"}],\"order\":25,\"text\":\"The Company is restricted in its ability to pay distributions to its shareholders by the covenants contained in the indenture governing its\\nsenior notes and the credit agreement governing its senior secured credit facilities. The covenants contained in the indenture governing the\\nCompany’s senior notes limit the aggregate amount of restricted payments, including distributions to shareholders, to 50% of cumulative\\nconsolidated net income plus 100% of net cash proceeds received from the issuance of capital for the period beginning June 30, 2001 and\\nending the most recent fiscal quarter for which financial statements are internally available. Currently, the most significant restriction on the\\nCompany’s ability to pay dividends is under the credit agreement governing the Company’s senior secured credit facilities, which limits annual\\ndistributions to $150 million. The Company’s declaration of distributions is also subject to Cayman Islands law and the discretion of its board\\nof directors.\"},{\"bbox\":[18.0,587.8,593.2,659.6],\"lines\":[{\"bbox\":[18.0,587.8,92.0,596.8],\"text\":\"3. Compensation\"},{\"bbox\":[18.0,602.7,133.6,611.6],\"text\":\"Tax-Deferred Savings Plan\"},{\"bbox\":[41.0,617.6,593.2,626.5],\"text\":\"The Company has a tax-deferred savings plan, the Seagate 401(k) Plan (“the 40l(k) plan”), for the benefit of qualified employees. The 40l\"},{\"bbox\":[18.0,628.6,591.7,637.6],\"text\":\"(k) plan is designed to provide employees with an accumulation of funds at retirement. Qualified employees may elect to make contributions to\"},{\"bbox\":[18.0,639.6,590.9,648.6],\"text\":\"the 401(k) plan on a monthly basis. The Company may make annual contributions at the discretion of its board of directors. During fiscal years\"},{\"bbox\":[18.0,650.7,473.2,659.6],\"text\":\"2004, 2003 and 2002, the Company made contributions of $14 million, $15 million and $13 million, respectively.\"}],\"order\":26,\"text\":\"3. Compensation\\nTax-Deferred Savings Plan\\nThe Company has a tax-deferred savings plan, the Seagate 401(k) Plan (“the 40l(k) plan”), for the benefit of qualified employees. The 40l\\n(k) plan is designed to provide employees with an accumulation of funds at retirement. Qualified employees may elect to make contributions to\\nthe 401(k) plan on a monthly basis. The Company may make annual contributions at the discretion of its board of directors. During fiscal years\\n2004, 2003 and 2002, the Company made contributions of $14 million, $15 million and $13 million, respectively.\"},{\"bbox\":[301.0,670.1,310.9,679.1],\"lines\":[{\"bbox\":[301.0,670.1,310.9,679.1],\"text\":\"76\"}],\"order\":27,\"text\":\"76\"}],\"doc\":\"fintabnet:STX_2004\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nSEAGATE TECHNOLOGY\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\n12½% senior subordinated notes, a $4 million loss on the interest rate swap related to one of the term loans comprising the former senior credit\\nfacilities and $1 million of other costs and expenses.\\n\\nLong-term debt consisted of the following:\\n\\nJuly 2,\\n2004\\n\\nJune 27,\\n2003\\n\\n(in millions)\\n\\nLIBOR plus 2.0% term loan B\\n8.0% senior subordinated notes due 2009\\nCapitalized lease obligations with interest at 14% to 19.25% collateralized by by\\ncertain manufacturing equipment and buildings\\n\\nLess current portion\\n\\n$ 343\\n400\\n\\n$ 348\\n400\\n\\n—\\n\\n1\\n\\n743\\n4\\n\\n749\\n4\\n\\n$ 739\\n\\n$ 745\\n\\nAt July 2, 2004, future minimum principal payments on long-term debt were as follows:\\n\\nFiscal Year\\n\\n2005\\n2006\\n2007\\n2008\\n2009\\nThereafter\\n\\n$\\n\\n4\\n3\\n336\\n—\\n400\\n—\\n\\n$ 743\\n\\nAs of July 2, 2004, the Company had $37 million of outstanding standby letters of credit and bankers’ guarantees issued under its $150\\nmillion revolving credit facility.\\n\\nThe Company is restricted in its ability to pay distributions to its shareholders by the covenants contained in the indenture governing its\\nsenior notes and the credit agreement governing its senior secured credit facilities. The covenants contained in the indenture governing the\\nCompany’s senior notes limit the aggregate amount of restricted payments, including distributions to shareholders, to 50% of cumulative\\nconsolidated net income plus 100% of net cash proceeds received from the issuance of capital for the period beginning June 30, 2001 and\\nending the most recent fiscal quarter for which financial statements are internally available. Currently, the most significant restriction on the\\nCompany’s ability to pay dividends is under the credit agreement governing the Company’s senior secured credit facilities, which limits annual\\ndistributions to $150 million. The Company’s declaration of distributions is also subject to Cayman Islands law and the discretion of its board\\nof directors.\\n\\n3. Compensation\\nTax-Deferred Savings Plan\\nThe Company has a tax-deferred savings plan, the Seagate 401(k) Plan (“the 40l(k) plan”), for the benefit of qualified employees. The 40l\\n(k) plan is designed to provide employees with an accumulation of funds at retirement. Qualified employees may elect to make contributions to\\nthe 401(k) plan on a monthly basis. The Company may make annual contributions at the discretion of its board of directors. During fiscal years\\n2004, 2003 and 2002, the Company made contributions of $14 million, $15 million and $13 million, respectively.\\n\\n76\",\"name\":\"fintabnet.STX_2004_page_77__72dpi_medium\",\"page_id\":\"fintabnet.STX_2004_page_77\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"STX_2004_page_77\",\"stack\":[{\"amp\":0.109,\"angle\":328.2,\"blob\":0.477,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.787},{\"op\":\"noise\",\"sigma\":5.604},{\"op\":\"jpeg\",\"q\":59}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[75.6,346.6,536.3,437.6],\"block_orders\":[20,21,22,23],\"cells\":null}],\"text\":\"Table of Contents\\n\\nSEAGATE TECHNOLOGY\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\n12½% senior subordinated notes, a $4 million loss on the interest rate swap related to one of the term loans comprising the former senior credit\\nfacilities and $1 million of other costs and expenses.\\n\\nLong-term debt consisted of the following:\\n\\nJuly 2,\\n2004\\n\\nJune 27,\\n2003\\n\\n(in millions)\\n\\nLIBOR plus 2.0% term loan B\\n8.0% senior subordinated notes due 2009\\nCapitalized lease obligations with interest at 14% to 19.25% collateralized by by\\ncertain manufacturing equipment and buildings\\n\\nLess current portion\\n\\n$ 343\\n400\\n\\n$ 348\\n400\\n\\n—\\n\\n1\\n\\n743\\n4\\n\\n749\\n4\\n\\n$ 739\\n\\n$ 745\\n\\nAt July 2, 2004, future minimum principal payments on long-term debt were as follows:\\n\\nFiscal Year\\n\\n2005\\n2006\\n2007\\n2008\\n2009\\nThereafter\\n\\n$\\n\\n4\\n3\\n336\\n—\\n400\\n—\\n\\n$ 743\\n\\nAs of July 2, 2004, the Company had $37 million of outstanding standby letters of credit and bankers’ guarantees issued under its $150\\nmillion revolving credit facility.\\n\\nThe Company is restricted in its ability to pay distributions to its shareholders by the covenants contained in the indenture governing its\\nsenior notes and the credit agreement governing its senior secured credit facilities. The covenants contained in the indenture governing the\\nCompany’s senior notes limit the aggregate amount of restricted payments, including distributions to shareholders, to 50% of cumulative\\nconsolidated net income plus 100% of net cash proceeds received from the issuance of capital for the period beginning June 30, 2001 and\\nending the most recent fiscal quarter for which financial statements are internally available. Currently, the most significant restriction on the\\nCompany’s ability to pay dividends is under the credit agreement governing the Company’s senior secured credit facilities, which limits annual\\ndistributions to $150 million. The Company’s declaration of distributions is also subject to Cayman Islands law and the discretion of its board\\nof directors.\\n\\n3. Compensation\\nTax-Deferred Savings Plan\\nThe Company has a tax-deferred savings plan, the Seagate 401(k) Plan (“the 40l(k) plan”), for the benefit of qualified employees. The 40l\\n(k) plan is designed to provide employees with an accumulation of funds at retirement. Qualified employees may elect to make contributions to\\nthe 401(k) plan on a monthly basis. The Company may make annual contributions at the discretion of its board of directors. During fiscal years\\n2004, 2003 and 2002, the Company made contributions of $14 million, $15 million and $13 million, respectively.\\n\\n76\"},\"name\":\"fintabnet.STX_2004_page_77__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":65235,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:STX_2004\",\"dpi\":72,\"gt_sha256\":\"5c39797bff915ac48df13c672c301e495f1abd6127d6c1543d50641d477dd0b3\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.STX_2004_page_77__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.STX_2004_page_77\",\"pdf_sha256\":\"037e4460dfd588e9ac1d8d02c45b0d7ae00c7aef36533a4fe50f9dafb7b05d25\",\"px\":[612,792],\"scan\":{\"render\":\"007f03f07c3f200c3ffc300c2000200c2004600efffe707f7bff17f000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"STX_2004_page_77\",\"src\":{\"file_sha256\":\"16c93d5dfc1bb88e9cd960d3d67c7bd521f11a05d885895512e852556235b54f\",\"render\":\"000003c07c00200c3ffc300c20003ffc20047bbefffefffe7ffe008000000000\",\"text\":\"d6cee014fa1ff0e31a9ca408831fda2a9239ebfdb50e9dec85f8ff6448b57553\"},\"stack\":[{\"amp\":0.109,\"angle\":328.2,\"blob\":0.477,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.787},{\"op\":\"noise\",\"sigma\":5.604},{\"op\":\"jpeg\",\"q\":59}],\"tools\":\"21647cade0ee\"},\"sha256\":\"037e4460dfd588e9ac1d8d02c45b0d7ae00c7aef36533a4fe50f9dafb7b05d25\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/037e4460dfd588e9ac1d8d02c45b0d7ae00c7aef36533a4fe50f9dafb7b05d25.pdf","asset_sha256":"037e4460dfd588e9ac1d8d02c45b0d7ae00c7aef36533a4fe50f9dafb7b05d25","document_id":"fintabnet:STX_2004","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"STX_2004_page_77\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"STX_2004_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:STX_2004\",\"ground_truth\":{\"blocks\":[{\"bbox\":[87.9,185.8,404.8,226.0],\"lines\":[{\"bbox\":[87.9,185.8,404.8,226.0],\"text\":\"Table of Contents\"}],\"order\":0,\"text\":\"Table of Contents\"},{\"bbox\":[1030.4,299.9,1543.1,341.9],\"lines\":[{\"bbox\":[1030.4,299.9,1543.1,341.9],\"text\":\"SEAGATE TECHNOLOGY\"}],\"order\":1,\"text\":\"SEAGATE TECHNOLOGY\"},{\"bbox\":[606.9,358.5,1965.9,408.2],\"lines\":[{\"bbox\":[606.9,358.5,1965.9,408.2],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"}],\"order\":2,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"},{\"bbox\":[85.2,434.3,2478.6,539.4],\"lines\":[{\"bbox\":[181.6,435.2,2478.6,493.4],\"text\":\"The fair value of the Company’s stock options granted to employees during fiscal years 2004 and 2003 was estimated using the following\"},{\"bbox\":[85.2,480.3,606.1,522.4],\"text\":\"weighted average assumptions:\"}],\"order\":3,\"text\":\"The fair value of the Company’s stock options granted to employees during fiscal years 2004 and 2003 was estimated using the following\\nweighted average assumptions:\"},{\"bbox\":[198.8,681.9,693.5,1231.2],\"lines\":[{\"bbox\":[203.4,681.9,525.3,722.2],\"text\":\"Option Plan Shares\"},{\"bbox\":[303.0,729.3,693.1,770.2],\"text\":\"Expected life (in years)\"},{\"bbox\":[302.6,775.3,663.8,815.9],\"text\":\"Risk-free interest rate\"},{\"bbox\":[302.1,821.3,461.7,860.1],\"text\":\"Volatility\"},{\"bbox\":[301.7,867.3,612.8,907.5],\"text\":\"Expected dividend\"},{\"bbox\":[301.3,913.8,469.0,952.7],\"text\":\"Fair value\"},{\"bbox\":[200.9,958.9,501.8,999.0],\"text\":\"ESPP Plan Shares\"},{\"bbox\":[300.5,1005.8,690.6,1046.7],\"text\":\"Expected life (in years)\"},{\"bbox\":[300.0,1052.3,661.3,1092.9],\"text\":\"Risk-free interest rate\"},{\"bbox\":[299.6,1098.3,459.2,1137.1],\"text\":\"Volatility\"},{\"bbox\":[299.2,1144.3,610.2,1184.5],\"text\":\"Expected dividend\"},{\"bbox\":[298.8,1190.3,466.5,1229.1],\"text\":\"Fair value\"}],\"order\":4,\"text\":\"Option Plan Shares\\nExpected life (in years)\\nRisk-free interest rate\\nVolatility\\nExpected dividend\\nFair value\\nESPP Plan Shares\\nExpected life (in years)\\nRisk-free interest rate\\nVolatility\\nExpected dividend\\nFair value\"},{\"bbox\":[1714.2,612.3,1776.9,640.7],\"lines\":[{\"bbox\":[1714.2,612.3,1776.9,640.7],\"text\":\"2004\"}],\"order\":5,\"text\":\"2004\"},{\"bbox\":[1948.7,579.4,2072.8,643.4],\"lines\":[{\"bbox\":[1949.0,579.4,2072.8,608.4],\"text\":\"Post-IPO\"},{\"bbox\":[1979.2,614.7,2041.9,643.1],\"text\":\"2003\"}],\"order\":6,\"text\":\"Post-IPO\\n2003\"},{\"bbox\":[2219.7,581.9,2332.8,645.8],\"lines\":[{\"bbox\":[2220.0,581.9,2332.8,610.8],\"text\":\"Pre-IPO\"},{\"bbox\":[2244.7,617.1,2307.4,645.6],\"text\":\"2003\"}],\"order\":7,\"text\":\"Pre-IPO\\n2003\"},{\"bbox\":[1659.2,741.6,1828.0,965.0],\"lines\":[{\"bbox\":[1718.4,742.1,1770.5,780.0],\"text\":\"3.0\"},{\"bbox\":[1664.0,787.7,1823.8,826.5],\"text\":\"2.3–2.5%\"},{\"bbox\":[1660.1,833.6,1827.1,872.5],\"text\":\"0.75–0.83\"},{\"bbox\":[1663.2,879.7,1823.0,918.4],\"text\":\"0.5–2.0%\"},{\"bbox\":[1685.2,926.4,1799.8,964.7],\"text\":\"$11.45\"}],\"order\":8,\"text\":\"3.0\\n2.3–2.5%\\n0.75–0.83\\n0.5–2.0%\\n$11.45\"},{\"bbox\":[1928.2,744.1,2089.7,967.4],\"lines\":[{\"bbox\":[1983.4,744.6,2035.5,782.4],\"text\":\"3.0\"},{\"bbox\":[1929.5,790.1,2089.3,828.9],\"text\":\"2.1–3.0%\"},{\"bbox\":[1972.1,836.5,2045.1,874.5],\"text\":\"0.83\"},{\"bbox\":[1928.7,882.1,2088.5,920.9],\"text\":\"0.7–1.2%\"},{\"bbox\":[1961.2,928.9,2054.8,967.1],\"text\":\"$4.80\"}],\"order\":9,\"text\":\"3.0\\n2.1–3.0%\\n0.83\\n0.7–1.2%\\n$4.80\"},{\"bbox\":[2189.7,746.4,2358.0,969.8],\"lines\":[{\"bbox\":[2248.9,747.0,2300.9,784.8],\"text\":\"3.0\"},{\"bbox\":[2194.5,792.5,2354.3,831.3],\"text\":\"2.1–3.0%\"},{\"bbox\":[2190.6,838.4,2357.1,877.3],\"text\":\"Minimum\"},{\"bbox\":[2252.6,885.0,2294.4,922.7],\"text\":\"—\"},{\"bbox\":[2226.2,931.3,2319.8,969.5],\"text\":\"$4.80\"}],\"order\":10,\"text\":\"3.0\\n2.1–3.0%\\nMinimum\\n—\\n$4.80\"},{\"bbox\":[1656.7,1018.1,1825.5,1241.5],\"lines\":[{\"bbox\":[1679.4,1018.3,1804.5,1056.8],\"text\":\"0.5–1.0\"},{\"bbox\":[1661.5,1064.6,1821.3,1103.4],\"text\":\"1.0–1.3%\"},{\"bbox\":[1657.6,1110.6,1824.6,1149.5],\"text\":\"0.45–0.99\"},{\"bbox\":[1660.7,1156.6,1820.5,1195.4],\"text\":\"0.8–1.5%\"},{\"bbox\":[1693.2,1202.9,1786.8,1241.1],\"text\":\"$4.72\"}],\"order\":11,\"text\":\"0.5–1.0\\n1.0–1.3%\\n0.45–0.99\\n0.8–1.5%\\n$4.72\"},{\"bbox\":[1922.2,1020.5,2090.4,1243.9],\"lines\":[{\"bbox\":[1944.4,1020.7,2069.4,1059.2],\"text\":\"0.5–1.0\"},{\"bbox\":[1927.0,1067.1,2086.8,1105.8],\"text\":\"1.2–1.3%\"},{\"bbox\":[1923.1,1113.0,2089.6,1151.9],\"text\":\"0.74–0.91\"},{\"bbox\":[1962.6,1159.4,2049.5,1197.5],\"text\":\"1.2%\"},{\"bbox\":[1958.7,1205.3,2052.3,1243.5],\"text\":\"$3.31\"}],\"order\":12,\"text\":\"0.5–1.0\\n1.2–1.3%\\n0.74–0.91\\n1.2%\\n$3.31\"},{\"bbox\":[2249.7,1023.5,2293.1,1245.7],\"lines\":[{\"bbox\":[2251.4,1023.5,2293.1,1061.2],\"text\":\"—\"},{\"bbox\":[2251.0,1070.0,2292.7,1107.7],\"text\":\"—\"},{\"bbox\":[2250.5,1116.0,2292.3,1153.7],\"text\":\"—\"},{\"bbox\":[2250.1,1162.0,2291.9,1199.7],\"text\":\"—\"},{\"bbox\":[2249.7,1208.0,2291.5,1245.7],\"text\":\"—\"}],\"order\":13,\"text\":\"—\\n—\\n—\\n—\\n—\"},{\"bbox\":[74.6,1269.8,2475.5,1713.9],\"lines\":[{\"bbox\":[78.1,1269.8,596.4,1311.8],\"text\":\"Deferred Compensation Plan\"},{\"bbox\":[173.5,1332.6,2420.5,1390.4],\"text\":\"On January 1, 2001, the Company adopted a deferred compensation plan for the benefit of eligible employees. This plan is designed to\"},{\"bbox\":[77.1,1377.8,2474.5,1436.9],\"text\":\"permit certain discretionary employer contributions, in excess of the tax limits applicable to the 401(k) plan and to permit employee deferrals in\"},{\"bbox\":[76.7,1423.8,2434.8,1482.5],\"text\":\"excess of certain tax limits. Company assets earmarked to pay benefits under the plan are held by a rabbi trust. The Company has adopted the\"},{\"bbox\":[76.2,1470.3,2416.2,1528.9],\"text\":\"provisions of Emerging Issues Task Force Issue No. 97-14, “Accounting for Deferred Compensation Arrangements Where Amounts Earned\"},{\"bbox\":[75.8,1516.3,2392.5,1574.6],\"text\":\"are Held in a Rabbi Trust” (“EITF 97-14”). Under EITF 97-14, the assets and liabilities of a rabbi trust must be accounted for as if they are\"},{\"bbox\":[75.4,1562.3,2397.5,1620.7],\"text\":\"assets and liabilities of the Company. In addition all earnings and expenses of the rabbi trust are recorded as other income or expense in the\"},{\"bbox\":[75.0,1608.8,2315.6,1666.4],\"text\":\"Company’s financial statements. At July 2, 2004 and June 27, 2003, the deferred compensation amounts related to the rabbi trust were\"},{\"bbox\":[74.6,1654.8,2275.2,1712.1],\"text\":\"approximately $61 million and $42 million, respectively, and are included in current liabilities on the accompanying balance sheets.\"}],\"order\":14,\"text\":\"Deferred Compensation Plan\\nOn January 1, 2001, the Company adopted a deferred compensation plan for the benefit of eligible employees. This plan is designed to\\npermit certain discretionary employer contributions, in excess of the tax limits applicable to the 401(k) plan and to permit employee deferrals in\\nexcess of certain tax limits. Company assets earmarked to pay benefits under the plan are held by a rabbi trust. The Company has adopted the\\nprovisions of Emerging Issues Task Force Issue No. 97-14, “Accounting for Deferred Compensation Arrangements Where Amounts Earned\\nare Held in a Rabbi Trust” (“EITF 97-14”). Under EITF 97-14, the assets and liabilities of a rabbi trust must be accounted for as if they are\\nassets and liabilities of the Company. In addition all earnings and expenses of the rabbi trust are recorded as other income or expense in the\\nCompany’s financial statements. At July 2, 2004 and June 27, 2003, the deferred compensation amounts related to the rabbi trust were\\napproximately $61 million and $42 million, respectively, and are included in current liabilities on the accompanying balance sheets.\"},{\"bbox\":[72.4,1736.3,2448.3,1949.2],\"lines\":[{\"bbox\":[73.8,1736.3,610.7,1778.5],\"text\":\"Post-Retirement Medical Plan\"},{\"bbox\":[169.3,1798.6,2411.2,1856.3],\"text\":\"In fiscal year 2000, Seagate Delaware adopted a post-retirement medical plan that offers medical coverage to eligible U.S. retirees and\"},{\"bbox\":[72.8,1844.3,2447.3,1903.2],\"text\":\"their eligible dependents. Substantially all U.S. employees become eligible for these benefits after 15 years of service and attaining age 60 and\"},{\"bbox\":[72.4,1888.8,1216.6,1938.0],\"text\":\"older. The Company’s measurement date is March 31 st of each year.\"}],\"order\":15,\"text\":\"Post-Retirement Medical Plan\\nIn fiscal year 2000, Seagate Delaware adopted a post-retirement medical plan that offers medical coverage to eligible U.S. retirees and\\ntheir eligible dependents. Substantially all U.S. employees become eligible for these benefits after 15 years of service and attaining age 60 and\\nolder. The Company’s measurement date is March 31 st of each year.\"},{\"bbox\":[1250.6,1982.0,1292.2,2019.7],\"lines\":[{\"bbox\":[1250.6,1982.0,1292.2,2019.7],\"text\":\"79\"}],\"order\":16,\"text\":\"79\"}],\"doc\":\"fintabnet:STX_2004\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"Table of Contents\\n\\nSEAGATE TECHNOLOGY\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nThe fair value of the Company’s stock options granted to employees during fiscal years 2004 and 2003 was estimated using the following\\nweighted average assumptions:\\n\\nOption Plan Shares\\nExpected life (in years)\\nRisk-free interest rate\\nVolatility\\nExpected dividend\\nFair value\\nESPP Plan Shares\\nExpected life (in years)\\nRisk-free interest rate\\nVolatility\\nExpected dividend\\nFair value\\n\\n2004\\n\\nPost-IPO\\n2003\\n\\nPre-IPO\\n2003\\n\\n3.0\\n2.3–2.5%\\n0.75–0.83\\n0.5–2.0%\\n$11.45\\n\\n3.0\\n2.1–3.0%\\n0.83\\n0.7–1.2%\\n$4.80\\n\\n3.0\\n2.1–3.0%\\nMinimum\\n—\\n$4.80\\n\\n0.5–1.0\\n1.0–1.3%\\n0.45–0.99\\n0.8–1.5%\\n$4.72\\n\\n0.5–1.0\\n1.2–1.3%\\n0.74–0.91\\n1.2%\\n$3.31\\n\\n—\\n—\\n—\\n—\\n—\\n\\nDeferred Compensation Plan\\nOn January 1, 2001, the Company adopted a deferred compensation plan for the benefit of eligible employees. This plan is designed to\\npermit certain discretionary employer contributions, in excess of the tax limits applicable to the 401(k) plan and to permit employee deferrals in\\nexcess of certain tax limits. Company assets earmarked to pay benefits under the plan are held by a rabbi trust. The Company has adopted the\\nprovisions of Emerging Issues Task Force Issue No. 97-14, “Accounting for Deferred Compensation Arrangements Where Amounts Earned\\nare Held in a Rabbi Trust” (“EITF 97-14”). Under EITF 97-14, the assets and liabilities of a rabbi trust must be accounted for as if they are\\nassets and liabilities of the Company. In addition all earnings and expenses of the rabbi trust are recorded as other income or expense in the\\nCompany’s financial statements. At July 2, 2004 and June 27, 2003, the deferred compensation amounts related to the rabbi trust were\\napproximately $61 million and $42 million, respectively, and are included in current liabilities on the accompanying balance sheets.\\n\\nPost-Retirement Medical Plan\\nIn fiscal year 2000, Seagate Delaware adopted a post-retirement medical plan that offers medical coverage to eligible U.S. retirees and\\ntheir eligible dependents. Substantially all U.S. employees become eligible for these benefits after 15 years of service and attaining age 60 and\\nolder. The Company’s measurement date is March 31 st of each year.\\n\\n79\",\"name\":\"fintabnet.STX_2004_page_80__300dpi_mild\",\"page_id\":\"fintabnet.STX_2004_page_80\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.52,\"source\":\"fintabnet\",\"source_id\":\"STX_2004_page_80\",\"stack\":[{\"deg\":-0.52,\"op\":\"skew\"},{\"amp\":0.064,\"angle\":9.6,\"blob\":0.392,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.349},{\"op\":\"noise\",\"sigma\":3.493},{\"op\":\"jpeg\",\"q\":74}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[198.8,552.4,2359.6,1248.9],\"block_orders\":[4,5,6,7,8,9,10,11,12,13],\"cells\":null}],\"text\":\"Table of Contents\\n\\nSEAGATE TECHNOLOGY\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\n\\nThe fair value of the Company’s stock options granted to employees during fiscal years 2004 and 2003 was estimated using the following\\nweighted average assumptions:\\n\\nOption Plan Shares\\nExpected life (in years)\\nRisk-free interest rate\\nVolatility\\nExpected dividend\\nFair value\\nESPP Plan Shares\\nExpected life (in years)\\nRisk-free interest rate\\nVolatility\\nExpected dividend\\nFair value\\n\\n2004\\n\\nPost-IPO\\n2003\\n\\nPre-IPO\\n2003\\n\\n3.0\\n2.3–2.5%\\n0.75–0.83\\n0.5–2.0%\\n$11.45\\n\\n3.0\\n2.1–3.0%\\n0.83\\n0.7–1.2%\\n$4.80\\n\\n3.0\\n2.1–3.0%\\nMinimum\\n—\\n$4.80\\n\\n0.5–1.0\\n1.0–1.3%\\n0.45–0.99\\n0.8–1.5%\\n$4.72\\n\\n0.5–1.0\\n1.2–1.3%\\n0.74–0.91\\n1.2%\\n$3.31\\n\\n—\\n—\\n—\\n—\\n—\\n\\nDeferred Compensation Plan\\nOn January 1, 2001, the Company adopted a deferred compensation plan for the benefit of eligible employees. This plan is designed to\\npermit certain discretionary employer contributions, in excess of the tax limits applicable to the 401(k) plan and to permit employee deferrals in\\nexcess of certain tax limits. Company assets earmarked to pay benefits under the plan are held by a rabbi trust. The Company has adopted the\\nprovisions of Emerging Issues Task Force Issue No. 97-14, “Accounting for Deferred Compensation Arrangements Where Amounts Earned\\nare Held in a Rabbi Trust” (“EITF 97-14”). Under EITF 97-14, the assets and liabilities of a rabbi trust must be accounted for as if they are\\nassets and liabilities of the Company. In addition all earnings and expenses of the rabbi trust are recorded as other income or expense in the\\nCompany’s financial statements. At July 2, 2004 and June 27, 2003, the deferred compensation amounts related to the rabbi trust were\\napproximately $61 million and $42 million, respectively, and are included in current liabilities on the accompanying balance sheets.\\n\\nPost-Retirement Medical Plan\\nIn fiscal year 2000, Seagate Delaware adopted a post-retirement medical plan that offers medical coverage to eligible U.S. retirees and\\ntheir eligible dependents. Substantially all U.S. employees become eligible for these benefits after 15 years of service and attaining age 60 and\\nolder. 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"SYF_2015_page_30\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:SYF_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[279.8,213.6,1392.4,290.7],\"lines\":[{\"bbox\":[279.8,213.6,1392.4,290.7],\"text\":\"Formation and Regulation of Synchrony\"}],\"order\":0,\"text\":\"Formation and Regulation of Synchrony\"},{\"bbox\":[279.4,278.7,2411.5,348.1],\"lines\":[{\"bbox\":[279.4,278.7,2411.5,348.1],\"text\":\"____________________________________________________________________________________________\"}],\"order\":1,\"text\":\"____________________________________________________________________________________________\"},{\"bbox\":[275.1,378.7,2355.7,747.5],\"lines\":[{\"bbox\":[278.3,378.7,2244.5,446.3],\"text\":\"Synchrony is a holding company for the legal entities that historically conducted GE’s North American retail\"},{\"bbox\":[277.7,428.7,2282.0,496.7],\"text\":\"finance business. Synchrony was incorporated in Delaware on September 12, 2003, but prior to April 1, 2013\"},{\"bbox\":[277.2,478.7,2249.0,546.4],\"text\":\"conducted no business. During the period from April 1, 2013 to September 30, 2013, as part of a regulatory\"},{\"bbox\":[276.7,528.7,2231.3,596.2],\"text\":\"restructuring, substantially all of the assets and operations of GE’s North American retail finance business,\"},{\"bbox\":[276.1,578.7,2206.9,645.9],\"text\":\"including the Bank, were transferred to Synchrony. The remaining assets and operations of that business\"},{\"bbox\":[275.6,628.7,2353.0,697.5],\"text\":\"subsequently were transferred to Synchrony in connection with our initial public offering (the “IPO”), which closed\"},{\"bbox\":[275.1,678.7,1792.6,741.5],\"text\":\"in 2014. Following the IPO, GE owned approximately 84.6% of our common stock.\"}],\"order\":2,\"text\":\"Synchrony is a holding company for the legal entities that historically conducted GE’s North American retail\\nfinance business. Synchrony was incorporated in Delaware on September 12, 2003, but prior to April 1, 2013\\nconducted no business. During the period from April 1, 2013 to September 30, 2013, as part of a regulatory\\nrestructuring, substantially all of the assets and operations of GE’s North American retail finance business,\\nincluding the Bank, were transferred to Synchrony. The remaining assets and operations of that business\\nsubsequently were transferred to Synchrony in connection with our initial public offering (the “IPO”), which closed\\nin 2014. 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On November 17,\"},{\"bbox\":[271.9,978.8,2221.6,1046.2],\"text\":\"2015, we announced the completion of the exchange offer and our separation from GE (the \\\"Separation\\\").\"},{\"bbox\":[271.3,1028.8,1823.7,1091.9],\"text\":\"Following the Separation, GE no longer owns any of our outstanding common stock.\"}],\"order\":3,\"text\":\"On October 14, 2015, we received approval from the Board of Governors of the Federal Reserve System (the\\n\\\"Federal Reserve Board\\\") to become a stand-alone savings and loan holding company, to retain control of the Bank\\nand to retain control of our nonbank subsidiaries following the completion of GE’s offer to exchange shares of GE\\ncommon stock for all of our shares of our common stock owned by GE (the “exchange offer”). On November 17,\\n2015, we announced the completion of the exchange offer and our separation from GE (the \\\"Separation\\\").\\nFollowing the Separation, GE no longer owns any of our outstanding common stock.\"},{\"bbox\":[269.2,1128.8,2306.0,1297.1],\"lines\":[{\"bbox\":[270.3,1128.8,2306.0,1197.1],\"text\":\"As a savings and loan holding company, the Company is subject to regulation, supervision and examination by\"},{\"bbox\":[269.7,1178.8,2236.6,1246.4],\"text\":\"the Federal Reserve Board. In addition, as a large provider of consumer financial services, the Company is\"},{\"bbox\":[269.2,1228.8,1453.3,1288.0],\"text\":\"subject to regulation, supervision and examination by the CFPB.\"}],\"order\":4,\"text\":\"As a savings and loan holding company, the Company is subject to regulation, supervision and examination by\\nthe Federal Reserve Board. In addition, as a large provider of consumer financial services, the Company is\\nsubject to regulation, supervision and examination by the CFPB.\"},{\"bbox\":[266.5,1328.8,2311.5,1547.2],\"lines\":[{\"bbox\":[268.1,1328.8,2253.6,1396.6],\"text\":\"The Bank is a federally chartered savings association and therefore is subject to regulation, supervision and\"},{\"bbox\":[267.6,1378.8,2212.7,1446.2],\"text\":\"examination by the Office of the Comptroller of the Currency of the U.S. Treasury (the “OCC”), which is its\"},{\"bbox\":[267.0,1428.8,2310.5,1497.2],\"text\":\"primary regulator, and by the CFPB. In addition, the Bank, as an insured depository institution, is supervised by\"},{\"bbox\":[266.5,1478.8,445.3,1527.3],\"text\":\"the FDIC.\"}],\"order\":5,\"text\":\"The Bank is a federally chartered savings association and therefore is subject to regulation, supervision and\\nexamination by the Office of the Comptroller of the Currency of the U.S. Treasury (the “OCC”), which is its\\nprimary regulator, and by the CFPB. In addition, the Bank, as an insured depository institution, is supervised by\\nthe FDIC.\"},{\"bbox\":[262.8,1578.8,2349.8,1897.7],\"lines\":[{\"bbox\":[265.4,1578.8,2304.3,1647.2],\"text\":\"For a discussion of the regulation of the Company and the Bank, see “—Regulation.” For information regarding\"},{\"bbox\":[264.9,1628.8,2322.2,1697.4],\"text\":\"certain regulatory matters, including consent orders or assurances of discontinuances that we have entered into\"},{\"bbox\":[264.4,1678.8,2344.8,1747.6],\"text\":\"with the CFPB, the Department of Justice (the “DOJ”) and the Attorney General for the State of New York relating\"},{\"bbox\":[263.8,1728.8,2348.2,1797.7],\"text\":\"to our CareCredit platform, our debt cancellation product and sales practices and certain collection offers, see “—\"},{\"bbox\":[263.3,1778.8,2341.3,1847.6],\"text\":\"Regulation—Consumer Financial Services Regulation” and “Item 1A. 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In addition, as a large provider of consumer financial services, the Company is\\nsubject to regulation, supervision and examination by the CFPB.\\n\\nThe Bank is a federally chartered savings association and therefore is subject to regulation, supervision and\\nexamination by the Office of the Comptroller of the Currency of the U.S. Treasury (the “OCC”), which is its\\nprimary regulator, and by the CFPB. 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Risk Factors—Risks Relating to Regulation\\n—Changes to our methods of offering our CareCredit products could materially impact operating results.”\\n\\nOur Sales Platforms\\n\\n____________________________________________________________________________________________\\n\\nWe offer our credit products through three sales platforms: Retail Card, Payment Solutions and CareCredit. Set\\nforth below is a summary of certain information relating to our Retail Card, Payment Solutions and CareCredit\\nplatforms:\\n\\n(in thousands)\\n\\nRetail Card\\n\\nApproximate partner locations (at December 31, 2015)\\n\\nAverage active accounts for the year ended December 31, 2015\\n\\n8\\n\\nPayment\\nSolutions\\n\\nCareCredit\\n\\n40\\n\\n115\\n\\n195\\n\\n50,358\\n\\n7,478\\n\\n4,807\",\"name\":\"fintabnet.SYF_2015_page_30__300dpi_mild\",\"page_id\":\"fintabnet.SYF_2015_page_30\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.613,\"source\":\"fintabnet\",\"source_id\":\"SYF_2015_page_30\",\"stack\":[{\"deg\":-0.613,\"op\":\"skew\"},{\"op\":\"jpeg\",\"q\":86}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[264.3,2311.5,2374.9,2530.1],\"block_orders\":[10,11,12,13,15,16,17,18,19,20,21,22],\"cells\":null}],\"text\":\"Formation and Regulation of Synchrony\\n\\n____________________________________________________________________________________________\\n\\nSynchrony is a holding company for the legal entities that historically conducted GE’s North American retail\\nfinance business. Synchrony was incorporated in Delaware on September 12, 2003, but prior to April 1, 2013\\nconducted no business. During the period from April 1, 2013 to September 30, 2013, as part of a regulatory\\nrestructuring, substantially all of the assets and operations of GE’s North American retail finance business,\\nincluding the Bank, were transferred to Synchrony. The remaining assets and operations of that business\\nsubsequently were transferred to Synchrony in connection with our initial public offering (the “IPO”), which closed\\nin 2014. 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In addition, as a large provider of consumer financial services, the Company is\\nsubject to regulation, supervision and examination by the CFPB.\\n\\nThe Bank is a federally chartered savings association and therefore is subject to regulation, supervision and\\nexamination by the Office of the Comptroller of the Currency of the U.S. Treasury (the “OCC”), which is its\\nprimary regulator, and by the CFPB. 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Risk Factors—Risks Relating to Regulation\\n—Changes to our methods of offering our CareCredit products could materially impact operating results.”\\n\\nOur Sales Platforms\\n\\n____________________________________________________________________________________________\\n\\nWe offer our credit products through three sales platforms: Retail Card, Payment Solutions and CareCredit. 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TROW_2007_page_39\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:TROW_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[166.3,128.6,321.7,147.6],\"lines\":[{\"bbox\":[166.3,128.6,321.7,147.6],\"text\":\"STO C K O PTI O N S.\"}],\"order\":0,\"text\":\"STO C K O PTI O N S.\"},{\"bbox\":[166.7,157.9,874.5,183.3],\"lines\":[{\"bbox\":[166.7,157.9,874.5,183.3],\"text\":\"The following table summarizes the status of and changes in our stock option grants during 2007.\"}],\"order\":1,\"text\":\"The following table summarizes the status of and changes in our stock option grants during 2007.\"},{\"bbox\":[780.2,250.1,830.5,265.1],\"lines\":[{\"bbox\":[780.2,250.1,830.5,265.1],\"text\":\"Options\"}],\"order\":2,\"text\":\"Options\"},{\"bbox\":[846.3,229.7,961.8,264.3],\"lines\":[{\"bbox\":[846.3,229.7,961.5,245.5],\"text\":\"Weighted-average\"},{\"bbox\":[876.8,248.4,961.8,263.9],\"text\":\"exercise price\"}],\"order\":3,\"text\":\"Weighted-average\\nexercise price\"},{\"bbox\":[168.3,284.9,415.0,304.5],\"lines\":[{\"bbox\":[168.3,284.9,415.0,304.5],\"text\":\"Outstanding at beginning of 2007\"}],\"order\":4,\"text\":\"Outstanding at beginning of 2007\"},{\"bbox\":[750.4,279.7,830.9,297.2],\"lines\":[{\"bbox\":[750.4,279.7,830.9,297.2],\"text\":\"43,770,758\"}],\"order\":5,\"text\":\"43,770,758\"},{\"bbox\":[904.8,278.1,962.1,295.3],\"lines\":[{\"bbox\":[904.8,278.1,962.1,295.3],\"text\":\"$ 25.97\"}],\"order\":6,\"text\":\"$ 25.97\"},{\"bbox\":[168.6,313.8,270.7,331.6],\"lines\":[{\"bbox\":[168.6,313.8,270.7,331.6],\"text\":\"Annual grants\"}],\"order\":7,\"text\":\"Annual grants\"},{\"bbox\":[759.9,306.8,831.2,324.2],\"lines\":[{\"bbox\":[759.9,306.8,831.2,324.2],\"text\":\"5,202,000\"}],\"order\":8,\"text\":\"5,202,000\"},{\"bbox\":[922.1,305.2,962.5,322.2],\"lines\":[{\"bbox\":[922.1,305.2,962.5,322.2],\"text\":\"50.02\"}],\"order\":9,\"text\":\"50.02\"},{\"bbox\":[168.9,340.7,284.4,358.7],\"lines\":[{\"bbox\":[168.9,340.7,284.4,358.7],\"text\":\"New hire grants\"}],\"order\":10,\"text\":\"New hire grants\"},{\"bbox\":[772.9,333.9,831.6,351.1],\"lines\":[{\"bbox\":[772.9,333.9,831.6,351.1],\"text\":\"111,000\"}],\"order\":11,\"text\":\"111,000\"},{\"bbox\":[922.5,332.3,962.8,349.3],\"lines\":[{\"bbox\":[922.5,332.3,962.8,349.3],\"text\":\"52.68\"}],\"order\":12,\"text\":\"52.68\"},{\"bbox\":[169.3,368.0,267.5,385.8],\"lines\":[{\"bbox\":[169.3,368.0,267.5,385.8],\"text\":\"Reload grants\"}],\"order\":13,\"text\":\"Reload grants\"},{\"bbox\":[760.6,361.0,831.9,378.4],\"lines\":[{\"bbox\":[760.6,361.0,831.9,378.4],\"text\":\"1,363,082\"}],\"order\":14,\"text\":\"1,363,082\"},{\"bbox\":[922.8,359.3,963.2,376.3],\"lines\":[{\"bbox\":[922.8,359.3,963.2,376.3],\"text\":\"53.74\"}],\"order\":15,\"text\":\"53.74\"},{\"bbox\":[169.6,395.5,236.6,412.8],\"lines\":[{\"bbox\":[169.6,395.5,236.6,412.8],\"text\":\"Exercised\"}],\"order\":16,\"text\":\"Exercised\"},{\"bbox\":[755.9,388.0,837.3,405.5],\"lines\":[{\"bbox\":[755.9,388.0,837.3,405.5],\"text\":\"(8,814,196)\"}],\"order\":17,\"text\":\"(8,814,196)\"},{\"bbox\":[923.2,386.4,963.5,403.4],\"lines\":[{\"bbox\":[923.2,386.4,963.5,403.4],\"text\":\"20.15\"}],\"order\":18,\"text\":\"20.15\"},{\"bbox\":[169.9,421.5,325.0,439.9],\"lines\":[{\"bbox\":[169.9,421.5,325.0,439.9],\"text\":\"Forfeited or cancelled\"}],\"order\":19,\"text\":\"Forfeited or cancelled\"},{\"bbox\":[977.1,190.5,1093.0,262.6],\"lines\":[{\"bbox\":[977.1,190.5,1092.3,206.4],\"text\":\"Weighted-average\"},{\"bbox\":[1027.4,209.3,1092.5,224.5],\"text\":\"remaining\"},{\"bbox\":[986.3,228.0,1092.8,243.8],\"text\":\"contractual term\"},{\"bbox\":[1035.8,246.8,1093.0,261.9],\"text\":\"(in years)\"}],\"order\":20,\"text\":\"Weighted-average\\nremaining\\ncontractual term\\n(in years)\"},{\"bbox\":[768.9,415.1,837.6,432.4],\"lines\":[{\"bbox\":[768.9,415.1,837.6,432.4],\"text\":\"(602,469)\"}],\"order\":21,\"text\":\"(602,469)\"},{\"bbox\":[923.5,413.5,963.8,430.5],\"lines\":[{\"bbox\":[923.5,413.5,963.8,430.5],\"text\":\"33.15\"}],\"order\":22,\"text\":\"33.15\"},{\"bbox\":[170.3,448.0,371.3,467.0],\"lines\":[{\"bbox\":[170.3,448.0,371.3,467.0],\"text\":\"Outstanding at end of 2007\"}],\"order\":23,\"text\":\"Outstanding at end of 2007\"},{\"bbox\":[752.5,442.2,832.9,459.7],\"lines\":[{\"bbox\":[752.5,442.2,832.9,459.7],\"text\":\"41,030,175\"}],\"order\":24,\"text\":\"41,030,175\"},{\"bbox\":[906.9,440.6,964.2,457.8],\"lines\":[{\"bbox\":[906.9,440.6,964.2,457.8],\"text\":\"$ 31.16\"}],\"order\":25,\"text\":\"$ 31.16\"},{\"bbox\":[1073.4,439.0,1095.4,455.7],\"lines\":[{\"bbox\":[1073.4,439.0,1095.4,455.7],\"text\":\"6.2\"}],\"order\":26,\"text\":\"6.2\"},{\"bbox\":[170.6,475.2,360.1,494.1],\"lines\":[{\"bbox\":[170.6,475.2,360.1,494.1],\"text\":\"Exercisable at end of 2007\"}],\"order\":27,\"text\":\"Exercisable at end of 2007\"},{\"bbox\":[752.8,469.3,833.3,486.8],\"lines\":[{\"bbox\":[752.8,469.3,833.3,486.8],\"text\":\"24,287,935\"}],\"order\":28,\"text\":\"24,287,935\"},{\"bbox\":[907.2,467.7,964.5,484.9],\"lines\":[{\"bbox\":[907.2,467.7,964.5,484.9],\"text\":\"$ 24.59\"}],\"order\":29,\"text\":\"$ 24.59\"},{\"bbox\":[1073.7,466.0,1095.7,482.8],\"lines\":[{\"bbox\":[1073.7,466.0,1095.7,482.8],\"text\":\"4.7\"}],\"order\":30,\"text\":\"4.7\"},{\"bbox\":[171.3,523.3,1083.0,551.2],\"lines\":[{\"bbox\":[171.3,523.3,1083.0,551.2],\"text\":\"The total intrinsic value of options exercised was $165.4 million in 2005, $213.1 million in 2006, and $300.1 million in 2007. At\"}],\"order\":31,\"text\":\"The total intrinsic value of options exercised was $165.4 million in 2005, $213.1 million in 2006, and $300.1 million in 2007. At\"},{\"bbox\":[171.7,550.0,1115.5,578.2],\"lines\":[{\"bbox\":[171.7,550.0,1115.5,578.2],\"text\":\"December 31, 2007, the aggregate intrinsic value of options outstanding was $1.2 billion and of options exercisable was $.9 billion.\"}],\"order\":32,\"text\":\"December 31, 2007, the aggregate intrinsic value of options outstanding was $1.2 billion and of options exercisable was $.9 billion.\"},{\"bbox\":[172.5,624.2,324.0,643.3],\"lines\":[{\"bbox\":[172.5,624.2,324.0,643.3],\"text\":\"STO C K AWA R D S.\"}],\"order\":33,\"text\":\"STO C K AWA R D S.\"},{\"bbox\":[172.9,650.5,1127.2,678.9],\"lines\":[{\"bbox\":[172.9,650.5,1127.2,678.9],\"text\":\"The following table summarizes the status of and changes in our nonvested restricted shares and restricted stock units during 2007.\"}],\"order\":34,\"text\":\"The following table summarizes the status of and changes in our nonvested restricted shares and restricted stock units during 2007.\"},{\"bbox\":[729.2,726.9,836.5,742.7],\"lines\":[{\"bbox\":[729.2,726.9,836.5,742.7],\"text\":\"Restricted shares\"}],\"order\":35,\"text\":\"Restricted shares\"},{\"bbox\":[898.6,706.5,967.7,740.6],\"lines\":[{\"bbox\":[904.5,706.5,967.5,721.8],\"text\":\"Restricted\"},{\"bbox\":[898.9,725.3,967.7,740.6],\"text\":\"stock units\"}],\"order\":36,\"text\":\"Restricted\\nstock units\"},{\"bbox\":[983.3,686.2,1099.0,739.5],\"lines\":[{\"bbox\":[983.3,686.2,1098.5,702.0],\"text\":\"Weighted-average\"},{\"bbox\":[1031.8,704.9,1098.7,720.2],\"text\":\"grant-date\"},{\"bbox\":[1040.6,723.7,1099.0,738.8],\"text\":\"fair value\"}],\"order\":37,\"text\":\"Weighted-average\\ngrant-date\\nfair value\"},{\"bbox\":[174.2,762.0,407.0,781.4],\"lines\":[{\"bbox\":[174.2,762.0,407.0,781.4],\"text\":\"Nonvested at beginning of 2007\"}],\"order\":38,\"text\":\"Nonvested at beginning of 2007\"},{\"bbox\":[778.2,756.6,836.9,773.9],\"lines\":[{\"bbox\":[778.2,756.6,836.9,773.9],\"text\":\"104,500\"}],\"order\":39,\"text\":\"104,500\"},{\"bbox\":[918.6,755.0,968.1,772.1],\"lines\":[{\"bbox\":[918.6,755.0,968.1,772.1],\"text\":\"36,000\"}],\"order\":40,\"text\":\"36,000\"},{\"bbox\":[1040.0,753.3,1099.3,770.6],\"lines\":[{\"bbox\":[1040.0,753.3,1099.3,770.6],\"text\":\"$ 43.01\"}],\"order\":41,\"text\":\"$ 43.01\"},{\"bbox\":[174.6,790.0,333.9,808.5],\"lines\":[{\"bbox\":[174.6,790.0,333.9,808.5],\"text\":\"Granted to employees\"}],\"order\":42,\"text\":\"Granted to employees\"},{\"bbox\":[778.6,783.7,837.2,800.9],\"lines\":[{\"bbox\":[778.6,783.7,837.2,800.9],\"text\":\"284,650\"}],\"order\":43,\"text\":\"284,650\"},{\"bbox\":[909.8,782.1,968.5,799.3],\"lines\":[{\"bbox\":[909.8,782.1,968.5,799.3],\"text\":\"133,050\"}],\"order\":44,\"text\":\"133,050\"},{\"bbox\":[1059.4,780.4,1099.7,797.4],\"lines\":[{\"bbox\":[1059.4,780.4,1099.7,797.4],\"text\":\"50.53\"}],\"order\":45,\"text\":\"50.53\"},{\"bbox\":[1059.7,807.5,1100.0,824.5],\"lines\":[{\"bbox\":[1059.7,807.5,1100.0,824.5],\"text\":\"55.69\"}],\"order\":46,\"text\":\"55.69\"},{\"bbox\":[174.9,817.2,320.4,835.6],\"lines\":[{\"bbox\":[174.9,817.2,320.4,835.6],\"text\":\"Granted to directors\"}],\"order\":47,\"text\":\"Granted to directors\"},{\"bbox\":[797.2,810.8,837.5,827.8],\"lines\":[{\"bbox\":[797.2,810.8,837.5,827.8],\"text\":\"4,800\"}],\"order\":48,\"text\":\"4,800\"},{\"bbox\":[928.4,809.1,968.8,826.1],\"lines\":[{\"bbox\":[928.4,809.1,968.8,826.1],\"text\":\"7,222\"}],\"order\":49,\"text\":\"7,222\"},{\"bbox\":[175.2,842.3,487.0,862.6],\"lines\":[{\"bbox\":[175.2,842.3,487.0,862.6],\"text\":\"Vested (value at vest date was $6.4 million)\"}],\"order\":50,\"text\":\"Vested (value at vest date was $6.4 million)\"},{\"bbox\":[783.4,837.8,842.9,855.0],\"lines\":[{\"bbox\":[783.4,837.8,842.9,855.0],\"text\":\"(67,000)\"}],\"order\":51,\"text\":\"(67,000)\"},{\"bbox\":[914.6,836.2,974.1,853.4],\"lines\":[{\"bbox\":[914.6,836.2,974.1,853.4],\"text\":\"(36,022)\"}],\"order\":52,\"text\":\"(36,022)\"},{\"bbox\":[1060.0,834.6,1100.4,851.6],\"lines\":[{\"bbox\":[1060.0,834.6,1100.4,851.6],\"text\":\"42.59\"}],\"order\":53,\"text\":\"42.59\"},{\"bbox\":[175.6,872.4,240.1,889.7],\"lines\":[{\"bbox\":[175.6,872.4,240.1,889.7],\"text\":\"Forfeited\"}],\"order\":54,\"text\":\"Forfeited\"},{\"bbox\":[792.9,864.9,843.2,882.0],\"lines\":[{\"bbox\":[792.9,864.9,843.2,882.0],\"text\":\"(7,650)\"}],\"order\":55,\"text\":\"(7,650)\"},{\"bbox\":[952.6,863.3,969.5,880.0],\"lines\":[{\"bbox\":[952.6,863.3,969.5,880.0],\"text\":\"—\"}],\"order\":56,\"text\":\"—\"},{\"bbox\":[1060.4,861.7,1100.7,878.7],\"lines\":[{\"bbox\":[1060.4,861.7,1100.7,878.7],\"text\":\"45.74\"}],\"order\":57,\"text\":\"45.74\"},{\"bbox\":[779.9,892.0,838.5,909.3],\"lines\":[{\"bbox\":[779.9,892.0,838.5,909.3],\"text\":\"319,300\"}],\"order\":58,\"text\":\"319,300\"},{\"bbox\":[911.1,890.4,969.8,907.6],\"lines\":[{\"bbox\":[911.1,890.4,969.8,907.6],\"text\":\"140,250\"}],\"order\":59,\"text\":\"140,250\"},{\"bbox\":[1041.7,888.7,1101.0,906.0],\"lines\":[{\"bbox\":[1041.7,888.7,1101.0,906.0],\"text\":\"$ 50.23\"}],\"order\":60,\"text\":\"$ 50.23\"},{\"bbox\":[175.9,898.0,363.0,916.8],\"lines\":[{\"bbox\":[175.9,898.0,363.0,916.8],\"text\":\"Nonvested at end of 2007\"}],\"order\":61,\"text\":\"Nonvested at end of 2007\"},{\"bbox\":[176.9,973.9,638.4,996.8],\"lines\":[{\"bbox\":[176.9,973.9,638.4,996.8],\"text\":\"F U T U R E S T O C K - B A S E D C O M P E N S AT I O N E X P E N S E .\"}],\"order\":62,\"text\":\"F U T U R E S T O C K - B A S E D C O M P E N S AT I O N E X P E N S E .\"},{\"bbox\":[177.4,1004.7,1082.4,1032.5],\"lines\":[{\"bbox\":[177.4,1004.7,1082.4,1032.5],\"text\":\"The following table presents the compensation expense (in millions) to be recognized over the separate vesting periods of the\"}],\"order\":63,\"text\":\"The following table presents the compensation expense (in millions) to be recognized over the separate vesting periods of the\"},{\"bbox\":[177.7,1031.1,1136.2,1059.5],\"lines\":[{\"bbox\":[177.7,1031.1,1136.2,1059.5],\"text\":\"16,742,240 nonvested options and 459,550 restricted shares and restricted stock units outstanding at December 31, 2007. Estimated\"}],\"order\":64,\"text\":\"16,742,240 nonvested options and 459,550 restricted shares and restricted stock units outstanding at December 31, 2007. Estimated\"},{\"bbox\":[178.0,1058.5,1106.1,1086.6],\"lines\":[{\"bbox\":[178.0,1058.5,1106.1,1086.6],\"text\":\"future compensation expense will change to reflect future option grants, including reloads; future awards of unrestricted shares,\"}],\"order\":65,\"text\":\"future compensation expense will change to reflect future option grants, including reloads; future awards of unrestricted shares,\"},{\"bbox\":[178.4,1086.7,1018.8,1113.7],\"lines\":[{\"bbox\":[178.4,1086.7,1018.8,1113.7],\"text\":\"restricted shares, and restricted stock units; changes in estimated forfeitures; and adjustments for actual forfeitures.\"}],\"order\":66,\"text\":\"restricted shares, and restricted stock units; changes in estimated forfeitures; and adjustments for actual forfeitures.\"},{\"bbox\":[178.9,1137.7,309.2,1155.8],\"lines\":[{\"bbox\":[178.9,1137.7,309.2,1155.8],\"text\":\"First quarter 2008\"}],\"order\":67,\"text\":\"First quarter 2008\"},{\"bbox\":[1044.7,1128.4,1054.0,1145.0],\"lines\":[{\"bbox\":[1044.7,1128.4,1054.0,1145.0],\"text\":\"$\"}],\"order\":68,\"text\":\"$\"},{\"bbox\":[1072.9,1127.7,1104.0,1144.6],\"lines\":[{\"bbox\":[1072.9,1127.7,1104.0,1144.6],\"text\":\"17.8\"}],\"order\":69,\"text\":\"17.8\"},{\"bbox\":[179.2,1164.5,330.2,1182.9],\"lines\":[{\"bbox\":[179.2,1164.5,330.2,1182.9],\"text\":\"Second quarter 2008\"}],\"order\":70,\"text\":\"Second quarter 2008\"},{\"bbox\":[1073.2,1154.8,1104.4,1171.7],\"lines\":[{\"bbox\":[1073.2,1154.8,1104.4,1171.7],\"text\":\"17.7\"}],\"order\":71,\"text\":\"17.7\"},{\"bbox\":[179.6,1191.7,316.2,1209.9],\"lines\":[{\"bbox\":[179.6,1191.7,316.2,1209.9],\"text\":\"Third quarter 2008\"}],\"order\":72,\"text\":\"Third quarter 2008\"},{\"bbox\":[1073.5,1181.9,1104.7,1198.8],\"lines\":[{\"bbox\":[1073.5,1181.9,1104.7,1198.8],\"text\":\"17.3\"}],\"order\":73,\"text\":\"17.3\"},{\"bbox\":[179.9,1218.7,327.0,1237.0],\"lines\":[{\"bbox\":[179.9,1218.7,327.0,1237.0],\"text\":\"Fourth quarter 2008\"}],\"order\":74,\"text\":\"Fourth quarter 2008\"},{\"bbox\":[1073.9,1209.0,1105.0,1225.9],\"lines\":[{\"bbox\":[1073.9,1209.0,1105.0,1225.9],\"text\":\"12.7\"}],\"order\":75,\"text\":\"12.7\"},{\"bbox\":[180.2,1245.9,320.5,1264.1],\"lines\":[{\"bbox\":[180.2,1245.9,320.5,1264.1],\"text\":\"2009 through 2012\"}],\"order\":76,\"text\":\"2009 through 2012\"},{\"bbox\":[180.6,1274.3,215.8,1291.2],\"lines\":[{\"bbox\":[180.6,1274.3,215.8,1291.2],\"text\":\"Total\"}],\"order\":77,\"text\":\"Total\"},{\"bbox\":[1074.2,1236.1,1105.4,1252.9],\"lines\":[{\"bbox\":[1074.2,1236.1,1105.4,1252.9],\"text\":\"67.8\"}],\"order\":78,\"text\":\"67.8\"},{\"bbox\":[1046.3,1263.1,1105.7,1280.4],\"lines\":[{\"bbox\":[1046.3,1263.1,1105.7,1280.4],\"text\":\"$ 133.3\"}],\"order\":79,\"text\":\"$ 133.3\"},{\"bbox\":[1138.1,1564.6,1159.6,1589.2],\"lines\":[{\"bbox\":[1138.1,1564.6,1159.6,1589.2],\"text\":\"37\"}],\"order\":80,\"text\":\"37\"}],\"doc\":\"fintabnet:TROW_2007\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"STO C K O PTI O N S.\\n\\nThe following table summarizes the status of and changes in our stock option grants during 2007.\\n\\nOptions\\n\\nWeighted-average\\nexercise price\\n\\nOutstanding at beginning of 2007\\n\\n43,770,758\\n\\n$ 25.97\\n\\nAnnual grants\\n\\n5,202,000\\n\\n50.02\\n\\nNew hire grants\\n\\n111,000\\n\\n52.68\\n\\nReload grants\\n\\n1,363,082\\n\\n53.74\\n\\nExercised\\n\\n(8,814,196)\\n\\n20.15\\n\\nForfeited or cancelled\\n\\nWeighted-average\\nremaining\\ncontractual term\\n(in years)\\n\\n(602,469)\\n\\n33.15\\n\\nOutstanding at end of 2007\\n\\n41,030,175\\n\\n$ 31.16\\n\\n6.2\\n\\nExercisable at end of 2007\\n\\n24,287,935\\n\\n$ 24.59\\n\\n4.7\\n\\nThe total intrinsic value of options exercised was $165.4 million in 2005, $213.1 million in 2006, and $300.1 million in 2007. At\\n\\nDecember 31, 2007, the aggregate intrinsic value of options outstanding was $1.2 billion and of options exercisable was $.9 billion.\\n\\nSTO C K AWA R D S.\\n\\nThe following table summarizes the status of and changes in our nonvested restricted shares and restricted stock units during 2007.\\n\\nRestricted shares\\n\\nRestricted\\nstock units\\n\\nWeighted-average\\ngrant-date\\nfair value\\n\\nNonvested at beginning of 2007\\n\\n104,500\\n\\n36,000\\n\\n$ 43.01\\n\\nGranted to employees\\n\\n284,650\\n\\n133,050\\n\\n50.53\\n\\n55.69\\n\\nGranted to directors\\n\\n4,800\\n\\n7,222\\n\\nVested (value at vest date was $6.4 million)\\n\\n(67,000)\\n\\n(36,022)\\n\\n42.59\\n\\nForfeited\\n\\n(7,650)\\n\\n—\\n\\n45.74\\n\\n319,300\\n\\n140,250\\n\\n$ 50.23\\n\\nNonvested at end of 2007\\n\\nF U T U R E S T O C K - B A S E D C O M P E N S AT I O N E X P E N S E .\\n\\nThe following table presents the compensation expense (in millions) to be recognized over the separate vesting periods of the\\n\\n16,742,240 nonvested options and 459,550 restricted shares and restricted stock units outstanding at December 31, 2007. Estimated\\n\\nfuture compensation expense will change to reflect future option grants, including reloads; future awards of unrestricted shares,\\n\\nrestricted shares, and restricted stock units; changes in estimated forfeitures; and adjustments for actual forfeitures.\\n\\nFirst quarter 2008\\n\\n$\\n\\n17.8\\n\\nSecond quarter 2008\\n\\n17.7\\n\\nThird quarter 2008\\n\\n17.3\\n\\nFourth quarter 2008\\n\\n12.7\\n\\n2009 through 2012\\n\\nTotal\\n\\n67.8\\n\\n$ 133.3\\n\\n37\",\"name\":\"fintabnet.TROW_2007_page_39__150dpi_mild\",\"page_id\":\"fintabnet.TROW_2007_page_39\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.716,\"source\":\"fintabnet\",\"source_id\":\"TROW_2007_page_39\",\"stack\":[{\"deg\":0.716,\"op\":\"skew\"},{\"amp\":0.03,\"angle\":253.5,\"blob\":0.201,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.323},{\"op\":\"noise\",\"sigma\":3.289},{\"gain\":0.912,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":82}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[178.9,1126.0,1105.7,1292.2],\"block_orders\":[67,68,69,70,71,72,73,74,75,76,77,78,79],\"cells\":null}],\"text\":\"STO C K O PTI O N S.\\n\\nThe following table summarizes the status of and changes in our stock option grants during 2007.\\n\\nOptions\\n\\nWeighted-average\\nexercise price\\n\\nOutstanding at beginning of 2007\\n\\n43,770,758\\n\\n$ 25.97\\n\\nAnnual grants\\n\\n5,202,000\\n\\n50.02\\n\\nNew hire grants\\n\\n111,000\\n\\n52.68\\n\\nReload grants\\n\\n1,363,082\\n\\n53.74\\n\\nExercised\\n\\n(8,814,196)\\n\\n20.15\\n\\nForfeited or cancelled\\n\\nWeighted-average\\nremaining\\ncontractual term\\n(in years)\\n\\n(602,469)\\n\\n33.15\\n\\nOutstanding at end of 2007\\n\\n41,030,175\\n\\n$ 31.16\\n\\n6.2\\n\\nExercisable at end of 2007\\n\\n24,287,935\\n\\n$ 24.59\\n\\n4.7\\n\\nThe total intrinsic value of options exercised was $165.4 million in 2005, $213.1 million in 2006, and $300.1 million in 2007. At\\n\\nDecember 31, 2007, the aggregate intrinsic value of options outstanding was $1.2 billion and of options exercisable was $.9 billion.\\n\\nSTO C K AWA R D S.\\n\\nThe following table summarizes the status of and changes in our nonvested restricted shares and restricted stock units during 2007.\\n\\nRestricted shares\\n\\nRestricted\\nstock units\\n\\nWeighted-average\\ngrant-date\\nfair value\\n\\nNonvested at beginning of 2007\\n\\n104,500\\n\\n36,000\\n\\n$ 43.01\\n\\nGranted to employees\\n\\n284,650\\n\\n133,050\\n\\n50.53\\n\\n55.69\\n\\nGranted to directors\\n\\n4,800\\n\\n7,222\\n\\nVested (value at vest date was $6.4 million)\\n\\n(67,000)\\n\\n(36,022)\\n\\n42.59\\n\\nForfeited\\n\\n(7,650)\\n\\n—\\n\\n45.74\\n\\n319,300\\n\\n140,250\\n\\n$ 50.23\\n\\nNonvested at end of 2007\\n\\nF U T U R E S T O C K - B A S E D C O M P E N S AT I O N E X P E N S E .\\n\\nThe following table presents the compensation expense (in millions) to be recognized over the separate vesting periods of the\\n\\n16,742,240 nonvested options and 459,550 restricted shares and restricted stock units outstanding at December 31, 2007. Estimated\\n\\nfuture compensation expense will change to reflect future option grants, including reloads; future awards of unrestricted shares,\\n\\nrestricted shares, and restricted stock units; changes in estimated forfeitures; and adjustments for actual forfeitures.\\n\\nFirst quarter 2008\\n\\n$\\n\\n17.8\\n\\nSecond quarter 2008\\n\\n17.7\\n\\nThird quarter 2008\\n\\n17.3\\n\\nFourth quarter 2008\\n\\n12.7\\n\\n2009 through 2012\\n\\nTotal\\n\\n67.8\\n\\n$ 133.3\\n\\n37\"},\"name\":\"fintabnet.TROW_2007_page_39__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":278552,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:TROW_2007\",\"dpi\":150,\"gt_sha256\":\"93f87a691b86e17f6e7e85dc2876859b3b099bfea50058564006bde2f445323a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.TROW_2007_page_39__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.TROW_2007_page_39\",\"pdf_sha256\":\"a042080b73907c07a77452e66fadf4fdf6a63b5fd26b4ec91bce202e5a8b363f\",\"px\":[1275,1650],\"scan\":{\"render\":\"00003fe0387c307038fc3ffc307c38fc3cfc3f403ffc30042004000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"TROW_2007_page_39\",\"src\":{\"file_sha256\":\"aaaed52d42d1f610ec54e71d60e9e9094438230f463646b5e77dec4a3cb25912\",\"render\":\"000010001ffc30f23ffe1ff8101c3ffc3ffe1f003ffc300a1ffc000000000000\",\"text\":\"57a786acc34d9fd74bcd86c7df7ab9114c9af00eaff69516dba6b93553c43528\"},\"stack\":[{\"deg\":0.716,\"op\":\"skew\"},{\"amp\":0.03,\"angle\":253.5,\"blob\":0.201,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.323},{\"op\":\"noise\",\"sigma\":3.289},{\"gain\":0.912,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":82}],\"tools\":\"21647cade0ee\"},\"sha256\":\"a042080b73907c07a77452e66fadf4fdf6a63b5fd26b4ec91bce202e5a8b363f\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/a042080b73907c07a77452e66fadf4fdf6a63b5fd26b4ec91bce202e5a8b363f.pdf","asset_sha256":"a042080b73907c07a77452e66fadf4fdf6a63b5fd26b4ec91bce202e5a8b363f","document_id":"fintabnet:TROW_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TROW_2007_page_39\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2005_page_205\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:TRV_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[331.8,116.0,985.2,172.8],\"lines\":[{\"bbox\":[331.8,116.0,985.2,172.8],\"text\":\"THE ST. PAUL TRAVELERS COMPANIES, INC. AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"THE ST. PAUL TRAVELERS COMPANIES, INC. AND SUBSIDIARIES\"},{\"bbox\":[328.1,149.2,986.0,206.3],\"lines\":[{\"bbox\":[328.1,149.2,986.0,206.3],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\"},{\"bbox\":[178.2,218.9,966.9,282.0],\"lines\":[{\"bbox\":[178.2,218.9,966.9,282.0],\"text\":\"14. PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS (Continued)\"}],\"order\":2,\"text\":\"14. PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS (Continued)\"},{\"bbox\":[175.3,256.3,1020.7,347.2],\"lines\":[{\"bbox\":[176.5,256.3,1020.7,321.9],\"text\":\"respectively. The fair value of plan assets for the above plans was $88 million and $23 million at\"},{\"bbox\":[175.3,281.7,552.6,325.9],\"text\":\"December 31, 2005 and 2004, respectively.\"}],\"order\":3,\"text\":\"respectively. The fair value of plan assets for the above plans was $88 million and $23 million at\\nDecember 31, 2005 and 2004, respectively.\"},{\"bbox\":[172.4,319.5,1072.5,412.9],\"lines\":[{\"bbox\":[215.2,321.4,1072.5,387.6],\"text\":\"The Company does not have a best estimate of contributions expected to be paid to the qualified\"},{\"bbox\":[172.4,344.9,630.4,392.8],\"text\":\"pension plan during the next fiscal year at this time.\"}],\"order\":4,\"text\":\"The Company does not have a best estimate of contributions expected to be paid to the qualified\\npension plan during the next fiscal year at this time.\"},{\"bbox\":[170.2,395.0,693.6,445.9],\"lines\":[{\"bbox\":[170.2,395.0,693.6,445.9],\"text\":\"Assumptions and Health Care Cost Trend Rate Sensitivity\"}],\"order\":5,\"text\":\"Assumptions and Health Care Cost Trend Rate Sensitivity\"},{\"bbox\":[168.2,442.4,461.8,477.3],\"lines\":[{\"bbox\":[168.2,442.4,461.8,477.3],\"text\":\"(at and for the year ended December 31,)\"}],\"order\":6,\"text\":\"(at and for the year ended December 31,)\"},{\"bbox\":[902.8,475.8,937.0,499.0],\"lines\":[{\"bbox\":[902.8,475.8,937.0,499.0],\"text\":\"2005\"}],\"order\":7,\"text\":\"2005\"},{\"bbox\":[1024.6,481.4,1058.8,504.5],\"lines\":[{\"bbox\":[1024.6,481.4,1058.8,504.5],\"text\":\"2004\"}],\"order\":8,\"text\":\"2004\"},{\"bbox\":[164.2,474.8,858.7,584.5],\"lines\":[{\"bbox\":[166.5,474.8,620.2,522.5],\"text\":\"Assumptions used to determine benefit obligations\"},{\"bbox\":[165.3,500.4,857.5,559.0],\"text\":\"Discount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[164.2,525.9,856.4,584.5],\"text\":\"Future compensation increase rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"Assumptions used to determine benefit obligations\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFuture compensation increase rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[890.9,534.0,958.2,589.6],\"lines\":[{\"bbox\":[892.1,534.0,958.2,564.1],\"text\":\"5.75 %\"},{\"bbox\":[890.9,559.5,957.1,589.6],\"text\":\"4.00 %\"}],\"order\":10,\"text\":\"5.75 %\\n4.00 %\"},{\"bbox\":[1009.0,538.9,1067.5,594.1],\"lines\":[{\"bbox\":[1010.2,538.9,1067.5,568.6],\"text\":\"6.00%\"},{\"bbox\":[1009.0,564.4,1066.3,594.1],\"text\":\"4.00%\"}],\"order\":11,\"text\":\"6.00%\\n4.00%\"},{\"bbox\":[160.1,563.5,854.6,673.1],\"lines\":[{\"bbox\":[162.5,563.5,664.2,613.4],\"text\":\"Assumptions used to determine net periodic benefit cost\"},{\"bbox\":[161.3,589.1,853.5,647.7],\"text\":\"Discount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[160.1,614.4,852.3,673.1],\"text\":\"Expected long-term rate of return on assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":12,\"text\":\"Assumptions used to determine net periodic benefit cost\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected long-term rate of return on assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[886.9,622.2,1105.7,685.1],\"lines\":[{\"bbox\":[888.1,622.2,1105.7,659.7],\"text\":\"6.00 % 6.00% to 6.25%\"},{\"bbox\":[1005.0,653.0,1062.2,682.6],\"text\":\"8.00%\"},{\"bbox\":[886.9,648.1,953.0,678.2],\"text\":\"8.00 %\"}],\"order\":13,\"text\":\"6.00 % 6.00% to 6.25%\\n8.00%\\n8.00 %\"},{\"bbox\":[154.9,652.0,850.6,787.1],\"lines\":[{\"bbox\":[158.4,652.0,490.7,694.3],\"text\":\"Assumed health care cost trend rates\"},{\"bbox\":[157.3,677.7,295.7,711.0],\"text\":\"Following year:\"},{\"bbox\":[177.0,704.1,848.3,761.8],\"text\":\"Medical (before age 65) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[175.8,729.4,847.1,787.1],\"text\":\"Medical (age 65 and older) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":14,\"text\":\"Assumed health care cost trend rates\\nFollowing year:\\nMedical (before age 65) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMedical (age 65 and older) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[881.7,736.8,949.0,792.2],\"lines\":[{\"bbox\":[882.9,736.8,949.0,766.8],\"text\":\"9.00 %\"},{\"bbox\":[881.7,762.1,947.8,792.2],\"text\":\"11.00 %\"}],\"order\":15,\"text\":\"9.00 %\\n11.00 %\"},{\"bbox\":[994.5,741.4,1063.5,796.9],\"lines\":[{\"bbox\":[995.7,741.4,1063.5,771.6],\"text\":\"10.00%\"},{\"bbox\":[994.5,766.8,1062.3,796.9],\"text\":\"10.00%\"}],\"order\":16,\"text\":\"10.00%\\n10.00%\"},{\"bbox\":[153.2,766.3,845.6,825.0],\"lines\":[{\"bbox\":[153.2,766.3,845.6,825.0],\"text\":\"Rate to which the cost trend rate is assumed to decline (ultimate trend rate) . .\"}],\"order\":17,\"text\":\"Rate to which the cost trend rate is assumed to decline (ultimate trend rate) . .\"},{\"bbox\":[880.0,800.0,946.1,830.1],\"lines\":[{\"bbox\":[880.0,800.0,946.1,830.1],\"text\":\"5.00 %\"}],\"order\":18,\"text\":\"5.00 %\"},{\"bbox\":[998.1,804.9,1055.3,834.5],\"lines\":[{\"bbox\":[998.1,804.9,1055.3,834.5],\"text\":\"5.00%\"}],\"order\":19,\"text\":\"5.00%\"},{\"bbox\":[149.2,804.2,843.7,913.5],\"lines\":[{\"bbox\":[151.5,804.2,596.8,851.6],\"text\":\"Year that the rate reaches the ultimate trend rate:\"},{\"bbox\":[171.2,830.5,842.5,888.2],\"text\":\"Medical (before age 65) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[170.0,855.8,841.4,913.5],\"text\":\"Medical (age 65 and older) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":20,\"text\":\"Year that the rate reaches the ultimate trend rate:\\nMedical (before age 65) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMedical (age 65 and older) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[875.9,863.2,920.0,917.6],\"lines\":[{\"bbox\":[877.1,863.2,920.0,892.2],\"text\":\"2010\"},{\"bbox\":[875.9,888.5,918.8,917.6],\"text\":\"2012\"}],\"order\":21,\"text\":\"2010\\n2012\"},{\"bbox\":[1001.1,868.4,1045.2,922.8],\"lines\":[{\"bbox\":[1002.3,868.4,1045.2,897.4],\"text\":\"2010\"},{\"bbox\":[1001.1,893.7,1044.0,922.8],\"text\":\"2010\"}],\"order\":22,\"text\":\"2010\\n2010\"},{\"bbox\":[141.0,907.3,1090.3,1104.3],\"lines\":[{\"bbox\":[188.4,909.2,1063.7,976.2],\"text\":\"The discount rate assumption used to determine the benefit obligation is based on the Moody’s Aa\"},{\"bbox\":[145.6,932.7,1025.3,999.9],\"text\":\"Corporate Bond index adjusted by 25 basis points to reflect the long duration nature of the pension\"},{\"bbox\":[144.5,958.2,1088.0,1028.3],\"text\":\"obligation and adjusted to the nearest quarter rate. The discount rate is then back-tested by comparison to\"},{\"bbox\":[143.3,983.5,1008.6,1050.1],\"text\":\"a yield curve that reflects the hypothetical portfolio of high quality bonds (rated Aa or higher by a\"},{\"bbox\":[142.2,1008.9,1065.6,1078.1],\"text\":\"recognized rating agency) for which the timing and amount of cash outflows approximates the estimated\"},{\"bbox\":[141.0,1034.3,318.3,1069.4],\"text\":\"payouts of the Plan.\"}],\"order\":23,\"text\":\"The discount rate assumption used to determine the benefit obligation is based on the Moody’s Aa\\nCorporate Bond index adjusted by 25 basis points to reflect the long duration nature of the pension\\nobligation and adjusted to the nearest quarter rate. The discount rate is then back-tested by comparison to\\na yield curve that reflects the hypothetical portfolio of high quality bonds (rated Aa or higher by a\\nrecognized rating agency) for which the timing and amount of cash outflows approximates the estimated\\npayouts of the Plan.\"},{\"bbox\":[137.0,1072.1,1024.8,1190.4],\"lines\":[{\"bbox\":[180.9,1074.0,988.9,1137.9],\"text\":\"In choosing the expected long-term rate of return, the Company’s Pension Plan Investment\"},{\"bbox\":[138.1,1097.5,1023.6,1164.9],\"text\":\"Committee considered the historical returns of equity and fixed income markets in conjunction with\"},{\"bbox\":[137.0,1122.9,582.3,1170.3],\"text\":\"today’s economic and financial market conditions.\"}],\"order\":24,\"text\":\"In choosing the expected long-term rate of return, the Company’s Pension Plan Investment\\nCommittee considered the historical returns of equity and fixed income markets in conjunction with\\ntoday’s economic and financial market conditions.\"},{\"bbox\":[128.3,1160.8,1077.5,1383.1],\"lines\":[{\"bbox\":[176.8,1162.7,1049.4,1229.5],\"text\":\"As an indicator of sensitivity, increasing the assumed health care cost trend rate by 1% would have\"},{\"bbox\":[134.1,1186.1,1076.3,1256.2],\"text\":\"increased the accumulated postretirement benefit obligation by $47 million at December 31, 2005, and the\"},{\"bbox\":[132.9,1211.5,1065.2,1281.1],\"text\":\"aggregate of the service and interest cost components of net postretirement benefit expense by $4 million\"},{\"bbox\":[131.8,1236.9,1055.4,1306.0],\"text\":\"for the year ended December 31, 2005. Decreasing the assumed health care cost trend rate by 1% would\"},{\"bbox\":[130.6,1262.2,1046.8,1331.1],\"text\":\"have decreased the accumulated postretirement benefit obligation at December 31, 2005 by $38 million\"},{\"bbox\":[129.4,1287.7,1065.8,1357.5],\"text\":\"and the aggregate of the service and interest cost components of net postretirement benefit expense by $3\"},{\"bbox\":[128.3,1313.1,541.6,1359.0],\"text\":\"million for the year ended December 31, 2005.\"}],\"order\":25,\"text\":\"As an indicator of sensitivity, increasing the assumed health care cost trend rate by 1% would have\\nincreased the accumulated postretirement benefit obligation by $47 million at December 31, 2005, and the\\naggregate of the service and interest cost components of net postretirement benefit expense by $4 million\\nfor the year ended December 31, 2005. Decreasing the assumed health care cost trend rate by 1% would\\nhave decreased the accumulated postretirement benefit obligation at December 31, 2005 by $38 million\\nand the aggregate of the service and interest cost components of net postretirement benefit expense by $3\\nmillion for the year ended December 31, 2005.\"},{\"bbox\":[581.7,1455.5,614.2,1484.1],\"lines\":[{\"bbox\":[581.7,1455.5,614.2,1484.1],\"text\":\"193\"}],\"order\":26,\"text\":\"193\"}],\"doc\":\"fintabnet:TRV_2005\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"THE ST. PAUL TRAVELERS COMPANIES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\\n\\n14. PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS (Continued)\\n\\nrespectively. The fair value of plan assets for the above plans was $88 million and $23 million at\\nDecember 31, 2005 and 2004, respectively.\\n\\nThe Company does not have a best estimate of contributions expected to be paid to the qualified\\npension plan during the next fiscal year at this time.\\n\\nAssumptions and Health Care Cost Trend Rate Sensitivity\\n\\n(at and for the year ended December 31,)\\n\\n2005\\n\\n2004\\n\\nAssumptions used to determine benefit obligations\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFuture compensation increase rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n5.75 %\\n4.00 %\\n\\n6.00%\\n4.00%\\n\\nAssumptions used to determine net periodic benefit cost\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected long-term rate of return on assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n6.00 % 6.00% to 6.25%\\n8.00%\\n8.00 %\\n\\nAssumed health care cost trend rates\\nFollowing year:\\nMedical (before age 65) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMedical (age 65 and older) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n9.00 %\\n11.00 %\\n\\n10.00%\\n10.00%\\n\\nRate to which the cost trend rate is assumed to decline (ultimate trend rate) . .\\n\\n5.00 %\\n\\n5.00%\\n\\nYear that the rate reaches the ultimate trend rate:\\nMedical (before age 65) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMedical (age 65 and older) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2010\\n2012\\n\\n2010\\n2010\\n\\nThe discount rate assumption used to determine the benefit obligation is based on the Moody’s Aa\\nCorporate Bond index adjusted by 25 basis points to reflect the long duration nature of the pension\\nobligation and adjusted to the nearest quarter rate. The discount rate is then back-tested by comparison to\\na yield curve that reflects the hypothetical portfolio of high quality bonds (rated Aa or higher by a\\nrecognized rating agency) for which the timing and amount of cash outflows approximates the estimated\\npayouts of the Plan.\\n\\nIn choosing the expected long-term rate of return, the Company’s Pension Plan Investment\\nCommittee considered the historical returns of equity and fixed income markets in conjunction with\\ntoday’s economic and financial market conditions.\\n\\nAs an indicator of sensitivity, increasing the assumed health care cost trend rate by 1% would have\\nincreased the accumulated postretirement benefit obligation by $47 million at December 31, 2005, and the\\naggregate of the service and interest cost components of net postretirement benefit expense by $4 million\\nfor the year ended December 31, 2005. Decreasing the assumed health care cost trend rate by 1% would\\nhave decreased the accumulated postretirement benefit obligation at December 31, 2005 by $38 million\\nand the aggregate of the service and interest cost components of net postretirement benefit expense by $3\\nmillion for the year ended December 31, 2005.\\n\\n193\",\"name\":\"fintabnet.TRV_2005_page_205__150dpi_heavy\",\"page_id\":\"fintabnet.TRV_2005_page_205\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.611,\"source\":\"fintabnet\",\"source_id\":\"TRV_2005_page_205\",\"stack\":[{\"deg\":-2.611,\"op\":\"skew\"},{\"amp\":0.261,\"angle\":303.1,\"blob\":0.22,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.3},{\"op\":\"noise\",\"sigma\":12.571},{\"gain\":0.472,\"op\":\"contrast\"},{\"bias\":0.089,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":21}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[149.3,442.4,1112.4,923.1],\"block_orders\":[6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22],\"cells\":null}],\"text\":\"THE ST. PAUL TRAVELERS COMPANIES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\\n\\n14. PENSION PLANS, RETIREMENT BENEFITS AND SAVINGS PLANS (Continued)\\n\\nrespectively. The fair value of plan assets for the above plans was $88 million and $23 million at\\nDecember 31, 2005 and 2004, respectively.\\n\\nThe Company does not have a best estimate of contributions expected to be paid to the qualified\\npension plan during the next fiscal year at this time.\\n\\nAssumptions and Health Care Cost Trend Rate Sensitivity\\n\\n(at and for the year ended December 31,)\\n\\n2005\\n\\n2004\\n\\nAssumptions used to determine benefit obligations\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFuture compensation increase rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n5.75 %\\n4.00 %\\n\\n6.00%\\n4.00%\\n\\nAssumptions used to determine net periodic benefit cost\\nDiscount rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nExpected long-term rate of return on assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n6.00 % 6.00% to 6.25%\\n8.00%\\n8.00 %\\n\\nAssumed health care cost trend rates\\nFollowing year:\\nMedical (before age 65) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMedical (age 65 and older) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n9.00 %\\n11.00 %\\n\\n10.00%\\n10.00%\\n\\nRate to which the cost trend rate is assumed to decline (ultimate trend rate) . .\\n\\n5.00 %\\n\\n5.00%\\n\\nYear that the rate reaches the ultimate trend rate:\\nMedical (before age 65) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nMedical (age 65 and older) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2010\\n2012\\n\\n2010\\n2010\\n\\nThe discount rate assumption used to determine the benefit obligation is based on the Moody’s Aa\\nCorporate Bond index adjusted by 25 basis points to reflect the long duration nature of the pension\\nobligation and adjusted to the nearest quarter rate. The discount rate is then back-tested by comparison to\\na yield curve that reflects the hypothetical portfolio of high quality bonds (rated Aa or higher by a\\nrecognized rating agency) for which the timing and amount of cash outflows approximates the estimated\\npayouts of the Plan.\\n\\nIn choosing the expected long-term rate of return, the Company’s Pension Plan Investment\\nCommittee considered the historical returns of equity and fixed income markets in conjunction with\\ntoday’s economic and financial market conditions.\\n\\nAs an indicator of sensitivity, increasing the assumed health care cost trend rate by 1% would have\\nincreased the accumulated postretirement benefit obligation by $47 million at December 31, 2005, and the\\naggregate of the service and interest cost components of net postretirement benefit expense by $4 million\\nfor the year ended December 31, 2005. Decreasing the assumed health care cost trend rate by 1% would\\nhave decreased the accumulated postretirement benefit obligation at December 31, 2005 by $38 million\\nand the aggregate of the service and interest cost components of net postretirement benefit expense by $3\\nmillion for the year ended December 31, 2005.\\n\\n193\"},\"name\":\"fintabnet.TRV_2005_page_205__150dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":45034,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:TRV_2005\",\"dpi\":150,\"gt_sha256\":\"ed3430ecf52139290721f79d79867ef96e2b74f85311fd9664b95c47d03d7438\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.TRV_2005_page_205__150dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.TRV_2005_page_205\",\"pdf_sha256\":\"30551c2a8e67b1f66d7548085aa0d0155dd8e71d6a17a793cae8ecd286e29a51\",\"px\":[1238,1613],\"scan\":{\"render\":\"00000ff83ff01f183f003f043e143c103e143ffc3ffc3ff87ffc1e1c00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"TRV_2005_page_205\",\"src\":{\"file_sha256\":\"17c3b7d29016494d73197cd89c8da5f8165bda369f0f3259433f5c770483d15f\",\"render\":\"00000ff03ff03f003e043f003c143c143c103ffc3ff83ff83ffc3e0000000000\",\"text\":\"49f2fdee0b4fcbbbf06858975ef9214b6766b0e5d23f3d63617498f45cb78624\"},\"stack\":[{\"deg\":-2.611,\"op\":\"skew\"},{\"amp\":0.261,\"angle\":303.1,\"blob\":0.22,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.3},{\"op\":\"noise\",\"sigma\":12.571},{\"gain\":0.472,\"op\":\"contrast\"},{\"bias\":0.089,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":21}],\"tools\":\"21647cade0ee\"},\"sha256\":\"30551c2a8e67b1f66d7548085aa0d0155dd8e71d6a17a793cae8ecd286e29a51\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/30551c2a8e67b1f66d7548085aa0d0155dd8e71d6a17a793cae8ecd286e29a51.pdf","asset_sha256":"30551c2a8e67b1f66d7548085aa0d0155dd8e71d6a17a793cae8ecd286e29a51","document_id":"fintabnet:TRV_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2005_page_205\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2005_page_229\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:TRV_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[649.3,238.1,1956.0,337.7],\"lines\":[{\"bbox\":[649.3,238.1,1956.0,337.7],\"text\":\"THE ST. PAUL TRAVELERS COMPANIES, INC. AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"THE ST. PAUL TRAVELERS COMPANIES, INC. AND SUBSIDIARIES\"},{\"bbox\":[642.5,304.7,1958.2,404.6],\"lines\":[{\"bbox\":[642.5,304.7,1958.2,404.6],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\"},{\"bbox\":[344.2,447.4,1486.0,541.3],\"lines\":[{\"bbox\":[344.2,447.4,1486.0,541.3],\"text\":\"22. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)\"}],\"order\":2,\"text\":\"22. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)\"},{\"bbox\":[341.1,550.2,919.4,613.4],\"lines\":[{\"bbox\":[341.1,550.2,919.4,613.4],\"text\":\"2005 (in millions, except per share data)\"}],\"order\":3,\"text\":\"2005 (in millions, except per share data)\"},{\"bbox\":[321.1,590.8,1205.9,1198.3],\"lines\":[{\"bbox\":[339.3,590.8,1203.8,675.0],\"text\":\"Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[337.5,641.6,1202.1,725.8],\"text\":\"Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[335.7,694.3,1202.3,778.6],\"text\":\"Income (loss) from continuing operations before\"},{\"bbox\":[375.7,746.5,1198.5,829.2],\"text\":\"income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[332.1,796.0,1196.6,880.2],\"text\":\"Income tax expense (benefit) . . . . . . . . . . . . . . . . .\"},{\"bbox\":[330.3,848.7,1194.8,932.9],\"text\":\"Income from continuing operations. . . . . . . . . . . .\"},{\"bbox\":[328.5,899.4,1193.0,983.6],\"text\":\"Income (loss) from discontinued operations . . . .\"},{\"bbox\":[326.7,952.4,1191.2,1036.6],\"text\":\"Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[324.6,1012.6,773.4,1082.4],\"text\":\"Net income per share:(1)\"},{\"bbox\":[406.1,1066.2,1187.4,1147.5],\"text\":\"Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[404.3,1116.9,1185.6,1198.2],\"text\":\"Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome (loss) from continuing operations before\\nincome taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome tax expense (benefit) . . . . . . . . . . . . . . . . .\\nIncome from continuing operations. . . . . . . . . . . .\\nIncome (loss) from discontinued operations . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income per share:(1)\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDiluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[316.9,1247.0,895.2,1310.3],\"lines\":[{\"bbox\":[316.9,1247.0,895.2,1310.3],\"text\":\"2004 (in millions, except per share data)\"}],\"order\":5,\"text\":\"2004 (in millions, except per share data)\"},{\"bbox\":[295.1,1287.4,1199.7,1946.5],\"lines\":[{\"bbox\":[315.1,1287.4,1199.7,1372.3],\"text\":\"Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[313.3,1338.4,1197.9,1423.3],\"text\":\"Total expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[311.5,1391.1,1178.1,1475.4],\"text\":\"Income (loss) from continuing operations before\"},{\"bbox\":[351.4,1443.3,1194.1,1526.7],\"text\":\"income taxes and minority interest . . . . . . . . . . .\"},{\"bbox\":[307.9,1492.8,1192.4,1577.7],\"text\":\"Income tax expense (benefit) . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[306.2,1543.5,1190.6,1628.4],\"text\":\"Minority interest, net of tax. . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[304.3,1596.2,1188.8,1681.1],\"text\":\"Income (loss) from continuing operations . . . . . . .\"},{\"bbox\":[302.6,1647.2,1187.1,1732.1],\"text\":\"Income from discontinued operations. . . . . . . . . . .\"},{\"bbox\":[300.7,1699.9,1185.2,1784.8],\"text\":\"Net income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[298.7,1760.1,855.5,1833.7],\"text\":\"Net income (loss) per share:(1)\"},{\"bbox\":[380.1,1813.7,1181.4,1895.8],\"text\":\"Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[378.4,1864.5,1179.6,1946.5],\"text\":\"Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Total revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome (loss) from continuing operations before\\nincome taxes and minority interest . . . . . . . . . . .\\nIncome tax expense (benefit) . . . . . . . . . . . . . . . . . .\\nMinority interest, net of tax. . . . . . . . . . . . . . . . . . . .\\nIncome (loss) from continuing operations . . . . . . .\\nIncome from discontinued operations. . . . . . . . . . .\\nNet income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income (loss) per share:(1)\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDiluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1296.4,550.1,1415.2,630.6],\"lines\":[{\"bbox\":[1320.8,550.9,1391.8,596.6],\"text\":\"First\"},{\"bbox\":[1296.4,583.4,1414.1,630.6],\"text\":\"Quarter\"}],\"order\":7,\"text\":\"First\\nQuarter\"},{\"bbox\":[1496.6,557.1,1615.4,637.6],\"lines\":[{\"bbox\":[1504.7,557.3,1608.7,604.1],\"text\":\"Second\"},{\"bbox\":[1496.6,590.3,1614.3,637.6],\"text\":\"Quarter\"}],\"order\":8,\"text\":\"Second\\nQuarter\"},{\"bbox\":[1697.0,564.1,1815.9,644.5],\"lines\":[{\"bbox\":[1715.2,564.6,1798.7,610.7],\"text\":\"Third\"},{\"bbox\":[1697.0,597.3,1814.8,644.5],\"text\":\"Quarter\"}],\"order\":9,\"text\":\"Third\\nQuarter\"},{\"bbox\":[1897.0,571.0,2016.0,651.5],\"lines\":[{\"bbox\":[1906.7,571.3,2007.6,617.9],\"text\":\"Fourth\"},{\"bbox\":[1897.0,604.2,2014.9,651.5],\"text\":\"Quarter\"}],\"order\":10,\"text\":\"Fourth\\nQuarter\"},{\"bbox\":[2112.1,611.7,2189.5,657.5],\"lines\":[{\"bbox\":[2112.1,611.7,2189.5,657.5],\"text\":\"Total\"}],\"order\":11,\"text\":\"Total\"},{\"bbox\":[1288.5,624.9,1410.0,733.9],\"lines\":[{\"bbox\":[1290.3,624.9,1410.0,683.2],\"text\":\"$ 6,105\"},{\"bbox\":[1312.5,676.4,1408.2,733.9],\"text\":\"4,917\"}],\"order\":12,\"text\":\"$ 6,105\\n4,917\"},{\"bbox\":[1492.2,631.9,1613.7,741.0],\"lines\":[{\"bbox\":[1494.0,631.9,1613.7,690.3],\"text\":\"$ 6,037\"},{\"bbox\":[1516.2,683.5,1612.0,741.0],\"text\":\"4,743\"}],\"order\":13,\"text\":\"$ 6,037\\n4,743\"},{\"bbox\":[1689.2,638.8,1810.7,747.8],\"lines\":[{\"bbox\":[1691.0,638.8,1810.7,697.1],\"text\":\"$ 6,042\"},{\"bbox\":[1713.2,690.3,1808.9,747.8],\"text\":\"6,050\"}],\"order\":14,\"text\":\"$ 6,042\\n6,050\"},{\"bbox\":[1892.9,645.9,2014.4,754.9],\"lines\":[{\"bbox\":[1894.7,645.9,2014.4,704.2],\"text\":\"$ 6,181\"},{\"bbox\":[1916.9,697.4,2012.6,754.9],\"text\":\"5,984\"}],\"order\":15,\"text\":\"$ 6,181\\n5,984\"},{\"bbox\":[2077.1,652.3,2219.3,762.0],\"lines\":[{\"bbox\":[2078.9,652.3,2219.3,711.3],\"text\":\"$ 24,365\"},{\"bbox\":[2101.1,703.8,2217.6,762.0],\"text\":\"21,694\"}],\"order\":16,\"text\":\"$ 24,365\\n21,694\"},{\"bbox\":[1277.7,779.0,1420.6,1045.3],\"lines\":[{\"bbox\":[1308.9,779.9,1404.7,837.4],\"text\":\"1,188\"},{\"bbox\":[1338.4,831.9,1402.9,888.3],\"text\":\"311\"},{\"bbox\":[1336.6,884.6,1401.1,941.1],\"text\":\"877\"},{\"bbox\":[1318.8,934.8,1415.2,992.3],\"text\":\"(665)\"},{\"bbox\":[1277.7,986.4,1397.5,1044.7],\"text\":\"$ 212\"}],\"order\":17,\"text\":\"1,188\\n311\\n877\\n(665)\\n$ 212\"},{\"bbox\":[1481.4,786.1,1608.4,1051.8],\"lines\":[{\"bbox\":[1512.6,786.9,1608.4,844.4],\"text\":\"1,294\"},{\"bbox\":[1542.1,839.0,1606.6,895.4],\"text\":\"363\"},{\"bbox\":[1540.3,891.7,1604.8,948.1],\"text\":\"931\"},{\"bbox\":[1538.5,942.4,1603.0,998.8],\"text\":\"138\"},{\"bbox\":[1481.4,993.5,1601.2,1051.8],\"text\":\"$ 1,069\"}],\"order\":18,\"text\":\"1,294\\n363\\n931\\n138\\n$ 1,069\"},{\"bbox\":[1678.4,792.9,1821.3,1059.2],\"lines\":[{\"bbox\":[1766.6,795.8,1821.3,851.8],\"text\":\"(8 )\"},{\"bbox\":[1743.8,846.0,1819.5,902.8],\"text\":\"(83 )\"},{\"bbox\":[1758.0,899.3,1801.7,955.0],\"text\":\"75\"},{\"bbox\":[1756.2,950.0,1800.0,1005.7],\"text\":\"87\"},{\"bbox\":[1678.4,1000.3,1798.1,1058.7],\"text\":\"$ 162\"}],\"order\":19,\"text\":\"(8 )\\n(83 )\\n75\\n87\\n$ 162\"},{\"bbox\":[1882.1,800.0,2009.1,1065.7],\"lines\":[{\"bbox\":[1944.6,801.9,2009.1,858.4],\"text\":\"197\"},{\"bbox\":[1963.5,853.6,2007.3,909.3],\"text\":\"19\"},{\"bbox\":[1941.0,905.6,2005.5,962.0],\"text\":\"178\"},{\"bbox\":[1980.9,957.8,2003.7,1012.8],\"text\":\"1\"},{\"bbox\":[1882.1,1007.4,2001.9,1065.7],\"text\":\"$ 179\"}],\"order\":20,\"text\":\"197\\n19\\n178\\n1\\n$ 179\"},{\"bbox\":[2066.3,806.4,2230.2,1073.4],\"lines\":[{\"bbox\":[2118.3,808.0,2214.0,865.5],\"text\":\"2,671\"},{\"bbox\":[2147.7,860.0,2212.2,916.4],\"text\":\"610\"},{\"bbox\":[2114.7,911.7,2210.4,969.2],\"text\":\"2,061\"},{\"bbox\":[2128.2,962.9,2224.8,1020.4],\"text\":\"(439)\"},{\"bbox\":[2066.3,1013.8,2206.8,1072.8],\"text\":\"$ 1,622\"}],\"order\":21,\"text\":\"2,671\\n610\\n2,061\\n(439)\\n$ 1,622\"},{\"bbox\":[1272.1,1097.3,1393.6,1206.4],\"lines\":[{\"bbox\":[1273.9,1097.3,1393.6,1155.7],\"text\":\"$ 0.31\"},{\"bbox\":[1316.9,1149.6,1391.8,1206.4],\"text\":\"0.31\"}],\"order\":22,\"text\":\"$ 0.31\\n0.31\"},{\"bbox\":[1475.8,1104.4,1597.3,1213.5],\"lines\":[{\"bbox\":[1477.6,1104.4,1597.3,1162.7],\"text\":\"$ 1.59\"},{\"bbox\":[1520.6,1156.7,1595.6,1213.5],\"text\":\"1.52\"}],\"order\":23,\"text\":\"$ 1.59\\n1.52\"},{\"bbox\":[1672.8,1111.3,1794.3,1220.3],\"lines\":[{\"bbox\":[1674.5,1111.3,1794.3,1169.6],\"text\":\"$ 0.24\"},{\"bbox\":[1717.5,1163.5,1792.5,1220.3],\"text\":\"0.23\"}],\"order\":24,\"text\":\"$ 0.24\\n0.23\"},{\"bbox\":[1876.5,1118.3,1998.0,1227.4],\"lines\":[{\"bbox\":[1878.3,1118.3,1998.0,1176.7],\"text\":\"$ 0.26\"},{\"bbox\":[1921.3,1170.6,1996.2,1227.4],\"text\":\"0.26\"}],\"order\":25,\"text\":\"$ 0.26\\n0.26\"},{\"bbox\":[2062.5,1124.7,2085.2,1179.7],\"lines\":[{\"bbox\":[2062.5,1124.7,2085.2,1179.7],\"text\":\"$\"}],\"order\":26,\"text\":\"$\"},{\"bbox\":[1277.9,1247.2,1396.8,1327.6],\"lines\":[{\"bbox\":[1302.6,1248.0,1373.6,1293.6],\"text\":\"First\"},{\"bbox\":[1277.9,1280.4,1395.6,1327.6],\"text\":\"Quarter\"}],\"order\":27,\"text\":\"First\\nQuarter\"},{\"bbox\":[1478.4,1254.1,1597.2,1334.6],\"lines\":[{\"bbox\":[1486.3,1254.4,1590.2,1301.1],\"text\":\"Second\"},{\"bbox\":[1478.4,1287.4,1596.1,1334.6],\"text\":\"Quarter\"}],\"order\":28,\"text\":\"Second\\nQuarter\"},{\"bbox\":[1678.6,1261.1,1797.5,1341.6],\"lines\":[{\"bbox\":[1697.0,1261.7,1780.5,1307.7],\"text\":\"Third\"},{\"bbox\":[1678.6,1294.3,1796.3,1341.6],\"text\":\"Quarter\"}],\"order\":29,\"text\":\"Third\\nQuarter\"},{\"bbox\":[1876.5,1268.0,1995.6,1348.4],\"lines\":[{\"bbox\":[1886.2,1268.3,1987.2,1314.9],\"text\":\"Fourth\"},{\"bbox\":[1876.5,1301.2,1994.4,1348.4],\"text\":\"Quarter\"}],\"order\":30,\"text\":\"Fourth\\nQuarter\"},{\"bbox\":[2126.2,1127.0,2202.9,1234.5],\"lines\":[{\"bbox\":[2128.0,1127.0,2202.9,1183.8],\"text\":\"2.39\"},{\"bbox\":[2126.2,1177.7,2201.2,1234.5],\"text\":\"2.33\"}],\"order\":31,\"text\":\"2.39\\n2.33\"},{\"bbox\":[2091.4,1308.7,2168.8,1354.5],\"lines\":[{\"bbox\":[2091.4,1308.7,2168.8,1354.5],\"text\":\"Total\"}],\"order\":32,\"text\":\"Total\"},{\"bbox\":[1273.8,1320.8,1395.3,1430.1],\"lines\":[{\"bbox\":[1275.6,1320.8,1395.3,1379.1],\"text\":\"$ 4,127\"},{\"bbox\":[1297.8,1372.6,1393.5,1430.1],\"text\":\"3,310\"}],\"order\":33,\"text\":\"$ 4,127\\n3,310\"},{\"bbox\":[1470.5,1327.6,1592.0,1436.9],\"lines\":[{\"bbox\":[1472.2,1327.6,1592.0,1385.9],\"text\":\"$ 6,060\"},{\"bbox\":[1494.4,1379.4,1590.2,1436.9],\"text\":\"6,601\"}],\"order\":34,\"text\":\"$ 6,060\\n6,601\"},{\"bbox\":[1674.2,1334.7,1795.6,1444.0],\"lines\":[{\"bbox\":[1675.9,1334.7,1795.6,1393.0],\"text\":\"$ 6,129\"},{\"bbox\":[1698.1,1386.5,1793.8,1444.0],\"text\":\"5,765\"}],\"order\":35,\"text\":\"$ 6,129\\n5,765\"},{\"bbox\":[1872.3,1341.6,1993.7,1450.9],\"lines\":[{\"bbox\":[1874.0,1341.6,1993.7,1399.9],\"text\":\"$6,228\"},{\"bbox\":[1896.2,1393.4,1991.9,1450.9],\"text\":\"5,922\"}],\"order\":36,\"text\":\"$6,228\\n5,922\"},{\"bbox\":[2056.4,1348.0,2198.7,1458.0],\"lines\":[{\"bbox\":[2058.2,1348.0,2198.6,1407.0],\"text\":\"$ 22,544\"},{\"bbox\":[2080.4,1399.8,2196.9,1458.0],\"text\":\"21,598\"}],\"order\":37,\"text\":\"$ 22,544\\n21,598\"},{\"bbox\":[1261.1,1475.2,1390.0,1791.6],\"lines\":[{\"bbox\":[1325.3,1477.1,1389.8,1533.5],\"text\":\"817\"},{\"bbox\":[1323.6,1528.1,1388.1,1584.5],\"text\":\"227\"},{\"bbox\":[1363.5,1580.2,1386.3,1635.2],\"text\":\"3\"},{\"bbox\":[1320.0,1631.5,1384.5,1687.9],\"text\":\"587\"},{\"bbox\":[1339.2,1683.2,1382.9,1738.9],\"text\":\"—\"},{\"bbox\":[1261.1,1733.3,1380.9,1791.6],\"text\":\"$ 587\"}],\"order\":38,\"text\":\"817\\n227\\n3\\n587\\n—\\n$ 587\"},{\"bbox\":[1457.8,1482.0,1602.4,1799.0],\"lines\":[{\"bbox\":[1506.0,1483.4,1602.3,1540.9],\"text\":\"(541)\"},{\"bbox\":[1504.3,1534.3,1600.6,1591.9],\"text\":\"(239)\"},{\"bbox\":[1539.5,1586.4,1583.1,1642.0],\"text\":\"—\"},{\"bbox\":[1500.6,1637.8,1597.0,1695.3],\"text\":\"(302)\"},{\"bbox\":[1535.7,1690.0,1579.4,1745.7],\"text\":\"27\"},{\"bbox\":[1457.8,1740.1,1593.4,1799.0],\"text\":\"$ (275)\"}],\"order\":39,\"text\":\"(541)\\n(239)\\n—\\n(302)\\n27\\n$ (275)\"},{\"bbox\":[1661.5,1489.1,1790.3,1805.5],\"lines\":[{\"bbox\":[1725.7,1491.0,1790.2,1547.4],\"text\":\"364\"},{\"bbox\":[1744.7,1542.7,1788.5,1598.4],\"text\":\"48\"},{\"bbox\":[1763.9,1594.1,1786.7,1649.1],\"text\":\"5\"},{\"bbox\":[1720.4,1645.4,1784.8,1701.8],\"text\":\"311\"},{\"bbox\":[1739.4,1697.1,1783.2,1752.8],\"text\":\"29\"},{\"bbox\":[1661.5,1747.2,1781.2,1805.5],\"text\":\"$ 340\"}],\"order\":40,\"text\":\"364\\n48\\n5\\n311\\n29\\n$ 340\"},{\"bbox\":[1859.7,1496.0,1988.4,1812.4],\"lines\":[{\"bbox\":[1923.9,1497.9,1988.4,1554.3],\"text\":\"306\"},{\"bbox\":[1942.9,1549.6,1986.6,1605.3],\"text\":\"33\"},{\"bbox\":[1962.1,1601.0,1984.9,1656.0],\"text\":\"2\"},{\"bbox\":[1918.5,1652.3,1983.0,1708.7],\"text\":\"271\"},{\"bbox\":[1937.5,1704.0,1981.3,1759.7],\"text\":\"32\"},{\"bbox\":[1859.7,1754.1,1979.4,1812.4],\"text\":\"$ 303\"}],\"order\":41,\"text\":\"306\\n33\\n2\\n271\\n32\\n$ 303\"},{\"bbox\":[2119.9,1505.0,2193.3,1819.5],\"lines\":[{\"bbox\":[2128.8,1505.0,2193.3,1561.4],\"text\":\"946\"},{\"bbox\":[2147.8,1556.7,2191.6,1612.4],\"text\":\"69\"},{\"bbox\":[2146.0,1607.4,2189.8,1663.1],\"text\":\"10\"},{\"bbox\":[2123.5,1659.4,2188.0,1715.8],\"text\":\"867\"},{\"bbox\":[2142.4,1711.1,2186.2,1766.8],\"text\":\"88\"},{\"bbox\":[2119.9,1763.1,2184.4,1819.5],\"text\":\"955\"}],\"order\":42,\"text\":\"946\\n69\\n10\\n867\\n88\\n955\"},{\"bbox\":[1255.6,1844.2,1377.1,1953.3],\"lines\":[{\"bbox\":[1257.4,1844.2,1377.1,1902.5],\"text\":\"$ 1.35\"},{\"bbox\":[1300.3,1896.5,1375.3,1953.3],\"text\":\"1.31\"}],\"order\":43,\"text\":\"$ 1.35\\n1.31\"},{\"bbox\":[1452.3,1851.0,1589.6,1960.7],\"lines\":[{\"bbox\":[1454.0,1851.0,1589.6,1909.9],\"text\":\"$ (0.42)\"},{\"bbox\":[1481.2,1902.8,1587.8,1960.6],\"text\":\"(0.42)\"}],\"order\":44,\"text\":\"$ (0.42)\\n(0.42)\"},{\"bbox\":[1655.9,1858.1,1777.4,1967.2],\"lines\":[{\"bbox\":[1657.7,1858.1,1777.4,1916.5],\"text\":\"$ 0.51\"},{\"bbox\":[1700.7,1910.4,1775.6,1967.2],\"text\":\"0.50\"}],\"order\":45,\"text\":\"$ 0.51\\n0.50\"},{\"bbox\":[1854.1,1865.0,1975.6,1974.1],\"lines\":[{\"bbox\":[1855.9,1865.0,1975.6,1923.3],\"text\":\"$ 0.45\"},{\"bbox\":[1898.8,1917.3,1973.8,1974.1],\"text\":\"0.44\"}],\"order\":46,\"text\":\"$ 0.45\\n0.44\"},{\"bbox\":[2043.9,1760.5,2066.6,1815.4],\"lines\":[{\"bbox\":[2043.9,1760.5,2066.6,1815.4],\"text\":\"$\"}],\"order\":47,\"text\":\"$\"},{\"bbox\":[2040.0,1871.4,2062.8,1926.4],\"lines\":[{\"bbox\":[2040.0,1871.4,2062.8,1926.4],\"text\":\"$\"}],\"order\":48,\"text\":\"$\"},{\"bbox\":[2103.7,1873.7,2180.5,1981.2],\"lines\":[{\"bbox\":[2105.5,1873.7,2180.5,1930.5],\"text\":\"1.56\"},{\"bbox\":[2103.8,1924.4,2178.7,1981.2],\"text\":\"1.53\"}],\"order\":49,\"text\":\"1.56\\n1.53\"},{\"bbox\":[288.1,1963.0,2170.1,2184.1],\"lines\":[{\"bbox\":[291.6,1963.0,2170.1,2082.4],\"text\":\"(1) Due to the averaging of shares, quarterly earnings per share may not add to the total for the full year.\"},{\"bbox\":[373.1,2016.9,2135.1,2132.2],\"text\":\"Historical earnings per share data for the first quarter of 2004 were restated to reflect the impact of\"},{\"bbox\":[371.3,2067.6,753.3,2135.0],\"text\":\"the merger with SPC.\"}],\"order\":50,\"text\":\"(1) Due to the averaging of shares, quarterly earnings per share may not add to the total for the full year.\\nHistorical earnings per share data for the first quarter of 2004 were restated to reflect the impact of\\nthe merger with SPC.\"},{\"bbox\":[1178.1,2910.9,1242.6,2967.3],\"lines\":[{\"bbox\":[1178.1,2910.9,1242.6,2967.3],\"text\":\"217\"}],\"order\":51,\"text\":\"217\"}],\"doc\":\"fintabnet:TRV_2005\",\"dpi\":300,\"image_px\":[2476,3225],\"layout\":[],\"markdown\":\"THE ST. PAUL TRAVELERS COMPANIES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\\n\\n22. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)\\n\\n2005 (in millions, except per share data)\\n\\nTotal revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome (loss) from continuing operations before\\nincome taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome tax expense (benefit) . . . . . . . . . . . . . . . . .\\nIncome from continuing operations. . . . . . . . . . . .\\nIncome (loss) from discontinued operations . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income per share:(1)\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDiluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2004 (in millions, except per share data)\\n\\nTotal revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome (loss) from continuing operations before\\nincome taxes and minority interest . . . . . . . . . . .\\nIncome tax expense (benefit) . . . . . . . . . . . . . . . . . .\\nMinority interest, net of tax. . . . . . . . . . . . . . . . . . . .\\nIncome (loss) from continuing operations . . . . . . .\\nIncome from discontinued operations. . . . . . . . . . .\\nNet income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income (loss) per share:(1)\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDiluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nFirst\\nQuarter\\n\\nSecond\\nQuarter\\n\\nThird\\nQuarter\\n\\nFourth\\nQuarter\\n\\nTotal\\n\\n$ 6,105\\n4,917\\n\\n$ 6,037\\n4,743\\n\\n$ 6,042\\n6,050\\n\\n$ 6,181\\n5,984\\n\\n$ 24,365\\n21,694\\n\\n1,188\\n311\\n877\\n(665)\\n$ 212\\n\\n1,294\\n363\\n931\\n138\\n$ 1,069\\n\\n(8 )\\n(83 )\\n75\\n87\\n$ 162\\n\\n197\\n19\\n178\\n1\\n$ 179\\n\\n2,671\\n610\\n2,061\\n(439)\\n$ 1,622\\n\\n$ 0.31\\n0.31\\n\\n$ 1.59\\n1.52\\n\\n$ 0.24\\n0.23\\n\\n$ 0.26\\n0.26\\n\\n$\\n\\nFirst\\nQuarter\\n\\nSecond\\nQuarter\\n\\nThird\\nQuarter\\n\\nFourth\\nQuarter\\n\\n2.39\\n2.33\\n\\nTotal\\n\\n$ 4,127\\n3,310\\n\\n$ 6,060\\n6,601\\n\\n$ 6,129\\n5,765\\n\\n$6,228\\n5,922\\n\\n$ 22,544\\n21,598\\n\\n817\\n227\\n3\\n587\\n—\\n$ 587\\n\\n(541)\\n(239)\\n—\\n(302)\\n27\\n$ (275)\\n\\n364\\n48\\n5\\n311\\n29\\n$ 340\\n\\n306\\n33\\n2\\n271\\n32\\n$ 303\\n\\n946\\n69\\n10\\n867\\n88\\n955\\n\\n$ 1.35\\n1.31\\n\\n$ (0.42)\\n(0.42)\\n\\n$ 0.51\\n0.50\\n\\n$ 0.45\\n0.44\\n\\n$\\n\\n$\\n\\n1.56\\n1.53\\n\\n(1) Due to the averaging of shares, quarterly earnings per share may not add to the total for the full year.\\nHistorical earnings per share data for the first quarter of 2004 were restated to reflect the impact of\\nthe merger with SPC.\\n\\n217\",\"name\":\"fintabnet.TRV_2005_page_229__300dpi_medium\",\"page_id\":\"fintabnet.TRV_2005_page_229\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.989,\"source\":\"fintabnet\",\"source_id\":\"TRV_2005_page_229\",\"stack\":[{\"deg\":-1.989,\"op\":\"skew\"},{\"amp\":0.152,\"angle\":175.4,\"blob\":0.442,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":2.006,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":7.174},{\"gain\":0.704,\"op\":\"contrast\"},{\"bias\":0.094,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":36}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[321.2,517.1,2238.1,1230.3],\"block_orders\":[3,4,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,31],\"cells\":null}],\"text\":\"THE ST. PAUL TRAVELERS COMPANIES, INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)\\n\\n22. SELECTED QUARTERLY FINANCIAL DATA (Unaudited)\\n\\n2005 (in millions, except per share data)\\n\\nTotal revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome (loss) from continuing operations before\\nincome taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome tax expense (benefit) . . . . . . . . . . . . . . . . .\\nIncome from continuing operations. . . . . . . . . . . .\\nIncome (loss) from discontinued operations . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income per share:(1)\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDiluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2004 (in millions, except per share data)\\n\\nTotal revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTotal expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIncome (loss) from continuing operations before\\nincome taxes and minority interest . . . . . . . . . . .\\nIncome tax expense (benefit) . . . . . . . . . . . . . . . . . .\\nMinority interest, net of tax. . . . . . . . . . . . . . . . . . . .\\nIncome (loss) from continuing operations . . . . . . .\\nIncome from discontinued operations. . . . . . . . . . .\\nNet income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet income (loss) per share:(1)\\nBasic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDiluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nFirst\\nQuarter\\n\\nSecond\\nQuarter\\n\\nThird\\nQuarter\\n\\nFourth\\nQuarter\\n\\nTotal\\n\\n$ 6,105\\n4,917\\n\\n$ 6,037\\n4,743\\n\\n$ 6,042\\n6,050\\n\\n$ 6,181\\n5,984\\n\\n$ 24,365\\n21,694\\n\\n1,188\\n311\\n877\\n(665)\\n$ 212\\n\\n1,294\\n363\\n931\\n138\\n$ 1,069\\n\\n(8 )\\n(83 )\\n75\\n87\\n$ 162\\n\\n197\\n19\\n178\\n1\\n$ 179\\n\\n2,671\\n610\\n2,061\\n(439)\\n$ 1,622\\n\\n$ 0.31\\n0.31\\n\\n$ 1.59\\n1.52\\n\\n$ 0.24\\n0.23\\n\\n$ 0.26\\n0.26\\n\\n$\\n\\nFirst\\nQuarter\\n\\nSecond\\nQuarter\\n\\nThird\\nQuarter\\n\\nFourth\\nQuarter\\n\\n2.39\\n2.33\\n\\nTotal\\n\\n$ 4,127\\n3,310\\n\\n$ 6,060\\n6,601\\n\\n$ 6,129\\n5,765\\n\\n$6,228\\n5,922\\n\\n$ 22,544\\n21,598\\n\\n817\\n227\\n3\\n587\\n—\\n$ 587\\n\\n(541)\\n(239)\\n—\\n(302)\\n27\\n$ (275)\\n\\n364\\n48\\n5\\n311\\n29\\n$ 340\\n\\n306\\n33\\n2\\n271\\n32\\n$ 303\\n\\n946\\n69\\n10\\n867\\n88\\n955\\n\\n$ 1.35\\n1.31\\n\\n$ (0.42)\\n(0.42)\\n\\n$ 0.51\\n0.50\\n\\n$ 0.45\\n0.44\\n\\n$\\n\\n$\\n\\n1.56\\n1.53\\n\\n(1) Due to the averaging of shares, quarterly earnings per share may not add to the total for the full year.\\nHistorical earnings per share data for the first quarter of 2004 were restated to reflect the impact of\\nthe merger with SPC.\\n\\n217\"},\"name\":\"fintabnet.TRV_2005_page_229__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":75234,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:TRV_2005\",\"dpi\":300,\"gt_sha256\":\"be31478393da585e54ebe0357ca9da4c2b72cfced45c59ed34d9032fcc524953\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.TRV_2005_page_229__300dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.TRV_2005_page_229\",\"pdf_sha256\":\"f2d51d32a9a9120c59e0812615588696f681e1072052a74c59a3e9eef100c5d1\",\"px\":[2476,3225],\"scan\":{\"render\":\"00000ff83fc03ffe3efe38fe3cfc3fbc3efc3cdc3ffc00000000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"TRV_2005_page_229\",\"src\":{\"file_sha256\":\"b60d289467fa6b7498cd266feac9b5ed21cfb5e1cce45cf4e786e64d50ea510f\",\"render\":\"00000ff03fc83efc3efc38fc3cfc3ebc3efc38083ffc00000000000000000000\",\"text\":\"9badebf184a83eaa7c4be582f9537225ead51b346caa02440cd05ab3dc8f0899\"},\"stack\":[{\"deg\":-1.989,\"op\":\"skew\"},{\"amp\":0.152,\"angle\":175.4,\"blob\":0.442,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":2.006,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":7.174},{\"gain\":0.704,\"op\":\"contrast\"},{\"bias\":0.094,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":36}],\"tools\":\"21647cade0ee\"},\"sha256\":\"f2d51d32a9a9120c59e0812615588696f681e1072052a74c59a3e9eef100c5d1\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/f2d51d32a9a9120c59e0812615588696f681e1072052a74c59a3e9eef100c5d1.pdf","asset_sha256":"f2d51d32a9a9120c59e0812615588696f681e1072052a74c59a3e9eef100c5d1","document_id":"fintabnet:TRV_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2005_page_229\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2005_page_97\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:TRV_2005\",\"ground_truth\":{\"blocks\":[{\"bbox\":[306.2,262.8,2153.5,418.6],\"lines\":[{\"bbox\":[306.2,262.8,2153.5,317.1],\"text\":\"increased taxes, licenses and fees by $25 million. These factors combined to result in a 0.5 point negative\"},{\"bbox\":[306.2,313.6,2042.9,367.9],\"text\":\"impact on the Personal segment’s 2005 underwriting expense ratio. In 2004, the 1.2 increase in the\"},{\"bbox\":[306.2,364.3,2074.5,418.6],\"text\":\"underwriting expense ratio over 2003 reflected the impact of the same investments described above.\"}],\"order\":0,\"text\":\"increased taxes, licenses and fees by $25 million. These factors combined to result in a 0.5 point negative\\nimpact on the Personal segment’s 2005 underwriting expense ratio. In 2004, the 1.2 increase in the\\nunderwriting expense ratio over 2003 reflected the impact of the same investments described above.\"},{\"bbox\":[306.2,465.1,616.0,519.4],\"lines\":[{\"bbox\":[306.2,465.1,616.0,519.4],\"text\":\"Written Premiums\"}],\"order\":1,\"text\":\"Written Premiums\"},{\"bbox\":[389.5,540.1,1682.9,594.4],\"lines\":[{\"bbox\":[389.5,540.1,1682.9,594.4],\"text\":\"Personal gross and net written premiums by product line were as follows:\"}],\"order\":2,\"text\":\"Personal gross and net written premiums by product line were as follows:\"},{\"bbox\":[306.2,671.2,954.1,714.4],\"lines\":[{\"bbox\":[306.2,671.2,954.1,714.4],\"text\":\"(for the year ended December 31, in millions)\"}],\"order\":3,\"text\":\"(for the year ended December 31, in millions)\"},{\"bbox\":[306.2,711.6,1149.5,869.1],\"lines\":[{\"bbox\":[306.2,711.6,1149.4,765.9],\"text\":\"Automobile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[306.2,762.6,1149.4,816.9],\"text\":\"Homeowners and Other. . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[348.0,814.8,1149.5,869.1],\"text\":\"Total Personal . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Automobile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nHomeowners and Other. . . . . . . . . . . . . . . . . . . . .\\nTotal Personal . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1240.5,671.2,1325.3,714.4],\"lines\":[{\"bbox\":[1240.5,671.2,1325.3,714.4],\"text\":\"Gross\"}],\"order\":5,\"text\":\"Gross\"},{\"bbox\":[1335.4,635.7,1402.0,678.9],\"lines\":[{\"bbox\":[1335.4,635.7,1402.0,678.9],\"text\":\"2005\"}],\"order\":6,\"text\":\"2005\"},{\"bbox\":[1224.3,712.6,1342.2,870.6],\"lines\":[{\"bbox\":[1224.3,712.6,1342.2,766.9],\"text\":\"$ 3,526\"},{\"bbox\":[1248.4,763.6,1342.2,817.9],\"text\":\"2,948\"},{\"bbox\":[1224.3,816.3,1342.2,870.6],\"text\":\"$ 6,474\"}],\"order\":7,\"text\":\"$ 3,526\\n2,948\\n$ 6,474\"},{\"bbox\":[1428.3,671.2,1479.0,714.4],\"lines\":[{\"bbox\":[1428.3,671.2,1479.0,714.4],\"text\":\"Net\"}],\"order\":8,\"text\":\"Net\"},{\"bbox\":[1395.1,712.6,1513.0,870.6],\"lines\":[{\"bbox\":[1395.1,712.6,1513.0,766.9],\"text\":\"$ 3,477\"},{\"bbox\":[1419.2,763.6,1513.0,817.9],\"text\":\"2,751\"},{\"bbox\":[1395.1,816.3,1513.0,870.6],\"text\":\"$ 6,228\"}],\"order\":9,\"text\":\"$ 3,477\\n2,751\\n$ 6,228\"},{\"bbox\":[1582.3,671.2,1667.1,714.4],\"lines\":[{\"bbox\":[1582.3,671.2,1667.1,714.4],\"text\":\"Gross\"}],\"order\":10,\"text\":\"Gross\"},{\"bbox\":[1677.3,635.7,1743.9,678.9],\"lines\":[{\"bbox\":[1677.3,635.7,1743.9,678.9],\"text\":\"2004\"}],\"order\":11,\"text\":\"2004\"},{\"bbox\":[1566.2,711.6,1684.1,869.6],\"lines\":[{\"bbox\":[1566.2,711.6,1684.1,765.9],\"text\":\"$3,470\"},{\"bbox\":[1590.2,762.6,1684.1,816.9],\"text\":\"2,641\"},{\"bbox\":[1566.2,815.3,1684.1,869.6],\"text\":\"$6,111\"}],\"order\":12,\"text\":\"$3,470\\n2,641\\n$6,111\"},{\"bbox\":[1770.1,671.2,1820.9,714.4],\"lines\":[{\"bbox\":[1770.1,671.2,1820.9,714.4],\"text\":\"Net\"}],\"order\":13,\"text\":\"Net\"},{\"bbox\":[1737.0,711.6,1854.9,869.6],\"lines\":[{\"bbox\":[1737.0,711.6,1854.9,765.9],\"text\":\"$3,433\"},{\"bbox\":[1761.0,762.6,1854.9,816.9],\"text\":\"2,496\"},{\"bbox\":[1737.0,815.3,1854.9,869.6],\"text\":\"$5,929\"}],\"order\":14,\"text\":\"$3,433\\n2,496\\n$5,929\"},{\"bbox\":[1923.9,671.2,2008.7,714.4],\"lines\":[{\"bbox\":[1923.9,671.2,2008.7,714.4],\"text\":\"Gross\"}],\"order\":15,\"text\":\"Gross\"},{\"bbox\":[2018.9,635.7,2085.5,678.9],\"lines\":[{\"bbox\":[2018.9,635.7,2085.5,678.9],\"text\":\"2003\"}],\"order\":16,\"text\":\"2003\"},{\"bbox\":[1907.9,711.6,2025.8,869.6],\"lines\":[{\"bbox\":[1907.9,711.6,2025.8,765.9],\"text\":\"$3,092\"},{\"bbox\":[1931.9,762.6,2025.8,816.9],\"text\":\"2,153\"},{\"bbox\":[1907.9,815.3,2025.8,869.6],\"text\":\"$5,245\"}],\"order\":17,\"text\":\"$3,092\\n2,153\\n$5,245\"},{\"bbox\":[2112.0,671.2,2162.8,714.4],\"lines\":[{\"bbox\":[2112.0,671.2,2162.8,714.4],\"text\":\"Net\"}],\"order\":18,\"text\":\"Net\"},{\"bbox\":[2078.9,711.6,2196.8,869.6],\"lines\":[{\"bbox\":[2078.9,711.6,2196.8,765.9],\"text\":\"$3,054\"},{\"bbox\":[2102.9,762.6,2196.8,816.9],\"text\":\"2,027\"},{\"bbox\":[2078.9,815.3,2196.8,869.6],\"text\":\"$5,081\"}],\"order\":19,\"text\":\"$3,054\\n2,027\\n$5,081\"},{\"bbox\":[306.2,929.8,2174.4,1339.6],\"lines\":[{\"bbox\":[389.5,929.8,2122.9,984.1],\"text\":\"Gross and net written premiums in 2005 increased 6% and 5%, respectively, over 2004. Growth in\"},{\"bbox\":[306.2,980.6,2110.9,1034.9],\"text\":\"2005 was concentrated in the Homeowners and Other product line, driven by continued renewal price\"},{\"bbox\":[306.2,1031.3,2156.5,1085.6],\"text\":\"increases and unit growth. Retention levels in both the Automobile and Homeowners and Other lines of\"},{\"bbox\":[306.2,1082.1,2167.0,1136.4],\"text\":\"business remained strong, and were consistent with 2004. In the Automobile line, renewal price increases\"},{\"bbox\":[306.2,1132.8,2140.8,1187.1],\"text\":\"in 2005 remained positive, but declined when compared with 2004. However, new business premiums in\"},{\"bbox\":[306.2,1183.8,2174.1,1238.1],\"text\":\"2005 in the Automobile line increased over 2004, primarily due to the introduction of the Company’s new\"},{\"bbox\":[306.2,1234.6,2174.4,1288.9],\"text\":\"multivariate pricing product in selected states. Net written premiums in 2005 were reduced by $21 million\"},{\"bbox\":[306.2,1285.3,2173.7,1339.6],\"text\":\"of catastrophe-related reinstatement premiums described in the “Consolidated Overview” section herein.\"}],\"order\":20,\"text\":\"Gross and net written premiums in 2005 increased 6% and 5%, respectively, over 2004. Growth in\\n2005 was concentrated in the Homeowners and Other product line, driven by continued renewal price\\nincreases and unit growth. Retention levels in both the Automobile and Homeowners and Other lines of\\nbusiness remained strong, and were consistent with 2004. In the Automobile line, renewal price increases\\nin 2005 remained positive, but declined when compared with 2004. However, new business premiums in\\n2005 in the Automobile line increased over 2004, primarily due to the introduction of the Company’s new\\nmultivariate pricing product in selected states. Net written premiums in 2005 were reduced by $21 million\\nof catastrophe-related reinstatement premiums described in the “Consolidated Overview” section herein.\"},{\"bbox\":[306.2,1361.1,2191.0,1567.9],\"lines\":[{\"bbox\":[389.5,1361.1,1963.5,1415.4],\"text\":\"Gross and net written premiums in 2004 increased 17% over 2003. Both Automobile and\"},{\"bbox\":[306.2,1411.9,2160.0,1466.1],\"text\":\"Homeowners and other net written premiums increased in 2004 due to higher new business volumes, the\"},{\"bbox\":[306.2,1462.6,2191.0,1516.9],\"text\":\"impact of new business associated with the Royal & SunAlliance renewal rights transaction entered into in\"},{\"bbox\":[306.2,1513.6,1758.6,1567.9],\"text\":\"the third quarter of 2003, continued strong retention, and renewal price increases.\"}],\"order\":21,\"text\":\"Gross and net written premiums in 2004 increased 17% over 2003. Both Automobile and\\nHomeowners and other net written premiums increased in 2004 due to higher new business volumes, the\\nimpact of new business associated with the Royal & SunAlliance renewal rights transaction entered into in\\nthe third quarter of 2003, continued strong retention, and renewal price increases.\"},{\"bbox\":[306.2,1589.4,2193.0,1897.6],\"lines\":[{\"bbox\":[389.5,1589.4,2193.0,1643.6],\"text\":\"The Personal segment had approximately 6.6 million and 6.3 million policies in force at December 31,\"},{\"bbox\":[306.2,1640.1,2120.9,1694.4],\"text\":\"2005 and 2004, respectively. In the Automobile line of business, policies in force at December 31, 2005\"},{\"bbox\":[306.2,1690.9,2169.9,1745.1],\"text\":\"increased 4% over the same date in 2004. Policies in force in the Homeowners and Other line of business\"},{\"bbox\":[306.2,1741.6,2061.6,1795.9],\"text\":\"at December 31, 2005 grew by 5% over the same date in 2004. Effective in the first quarter of 2005,\"},{\"bbox\":[306.2,1792.4,2077.3,1846.6],\"text\":\"Homeowners and Other policies in force include certain endorsements that had previously not been\"},{\"bbox\":[306.2,1843.4,2186.6,1897.6],\"text\":\"counted as separate policies. Prior year periods were restated to conform to the current year presentation.\"}],\"order\":22,\"text\":\"The Personal segment had approximately 6.6 million and 6.3 million policies in force at December 31,\\n2005 and 2004, respectively. In the Automobile line of business, policies in force at December 31, 2005\\nincreased 4% over the same date in 2004. Policies in force in the Homeowners and Other line of business\\nat December 31, 2005 grew by 5% over the same date in 2004. Effective in the first quarter of 2005,\\nHomeowners and Other policies in force include certain endorsements that had previously not been\\ncounted as separate policies. Prior year periods were restated to conform to the current year presentation.\"},{\"bbox\":[306.2,1919.1,2144.8,2074.9],\"lines\":[{\"bbox\":[389.5,1919.1,2143.1,1973.4],\"text\":\"In the Automobile line of business, policies in force at December 31, 2004 increased 9% over 2003.\"},{\"bbox\":[306.2,1969.9,2144.8,2024.1],\"text\":\"Policies in force in the Homeowners and Other line of business at December 31, 2004 increased by 15%\"},{\"bbox\":[306.2,2020.6,488.8,2074.9],\"text\":\"over 2003.\"}],\"order\":23,\"text\":\"In the Automobile line of business, policies in force at December 31, 2004 increased 9% over 2003.\\nPolicies in force in the Homeowners and Other line of business at December 31, 2004 increased by 15%\\nover 2003.\"},{\"bbox\":[306.2,2120.9,803.1,2175.1],\"lines\":[{\"bbox\":[306.2,2120.9,803.1,2175.1],\"text\":\"Interest Expense and Other\"}],\"order\":24,\"text\":\"Interest Expense and Other\"},{\"bbox\":[473.0,2215.4,1121.6,2258.6],\"lines\":[{\"bbox\":[473.0,2215.4,1121.6,2258.6],\"text\":\"(for the year ended December 31, in millions)\"}],\"order\":25,\"text\":\"(for the year ended December 31, in millions)\"},{\"bbox\":[473.0,2256.1,1529.5,2310.4],\"lines\":[{\"bbox\":[473.0,2256.1,1529.5,2310.4],\"text\":\"Net loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":26,\"text\":\"Net loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1626.1,2215.4,1692.7,2258.6],\"lines\":[{\"bbox\":[1626.1,2215.4,1692.7,2258.6],\"text\":\"2005\"}],\"order\":27,\"text\":\"2005\"},{\"bbox\":[1781.9,2215.4,1848.5,2258.6],\"lines\":[{\"bbox\":[1781.9,2215.4,1848.5,2258.6],\"text\":\"2004\"}],\"order\":28,\"text\":\"2004\"},{\"bbox\":[1937.4,2215.4,2004.0,2258.6],\"lines\":[{\"bbox\":[1937.4,2215.4,2004.0,2258.6],\"text\":\"2003\"}],\"order\":29,\"text\":\"2003\"},{\"bbox\":[1607.8,2256.1,2037.9,2311.4],\"lines\":[{\"bbox\":[1607.8,2256.1,2037.9,2311.4],\"text\":\"$ (184) $ (182 ) $ (112 )\"}],\"order\":30,\"text\":\"$ (184) $ (182 ) $ (112 )\"},{\"bbox\":[306.2,2370.3,2178.5,2577.1],\"lines\":[{\"bbox\":[389.5,2370.3,2144.8,2424.6],\"text\":\"The increase in net loss for Interest Expense and Other for 2005 compared with 2004 was primarily\"},{\"bbox\":[306.2,2421.3,2104.1,2475.6],\"text\":\"due to incremental interest expense on debt assumed in the merger and a reduction in net investment\"},{\"bbox\":[306.2,2472.1,2178.5,2526.4],\"text\":\"income, which were mostly offset by the absence of non-recurring merger-related charges and a reduction\"},{\"bbox\":[306.2,2522.8,1127.2,2577.1],\"text\":\"in non-interest related other expenses in 2005.\"}],\"order\":31,\"text\":\"The increase in net loss for Interest Expense and Other for 2005 compared with 2004 was primarily\\ndue to incremental interest expense on debt assumed in the merger and a reduction in net investment\\nincome, which were mostly offset by the absence of non-recurring merger-related charges and a reduction\\nin non-interest related other expenses in 2005.\"},{\"bbox\":[306.2,2598.6,2133.7,2805.4],\"lines\":[{\"bbox\":[389.5,2598.6,2039.2,2652.9],\"text\":\"The net loss for Interest Expense and Other for the year ended December 31, 2004 increased\"},{\"bbox\":[306.2,2649.3,2133.7,2703.6],\"text\":\"$70 million compared with 2003, primarily reflecting the impact of the merger. Included in the increase\"},{\"bbox\":[306.2,2700.1,2064.0,2754.4],\"text\":\"was $46 million of incremental interest expense on debt assumed in the merger. The 2004 total also\"},{\"bbox\":[306.2,2751.1,1972.8,2805.4],\"text\":\"included $9 million of charges related to the merger that were recorded in the second quarter.\"}],\"order\":32,\"text\":\"The net loss for Interest Expense and Other for the year ended December 31, 2004 increased\\n$70 million compared with 2003, primarily reflecting the impact of the merger. Included in the increase\\nwas $46 million of incremental interest expense on debt assumed in the merger. The 2004 total also\\nincluded $9 million of charges related to the merger that were recorded in the second quarter.\"},{\"bbox\":[1235.6,2912.1,1277.5,2966.4],\"lines\":[{\"bbox\":[1235.6,2912.1,1277.5,2966.4],\"text\":\"85\"}],\"order\":33,\"text\":\"85\"}],\"doc\":\"fintabnet:TRV_2005\",\"dpi\":300,\"image_px\":[2476,3225],\"layout\":[],\"markdown\":\"increased taxes, licenses and fees by $25 million. These factors combined to result in a 0.5 point negative\\nimpact on the Personal segment’s 2005 underwriting expense ratio. In 2004, the 1.2 increase in the\\nunderwriting expense ratio over 2003 reflected the impact of the same investments described above.\\n\\nWritten Premiums\\n\\nPersonal gross and net written premiums by product line were as follows:\\n\\n|  |  2005 |  |  2004 |  |  2003 |  |\\n| --- | --- | --- | --- | --- | --- | --- |\\n|  (for the year ended December 31, in millions) |  Gross |  Net |  Gross |  Net |  Gross |  Net |\\n| Automobile | $3,526 | $3,477 | $3,470 | $3,433 | $3,092 | $3,054 |\\n| Homeowners and Other |  2,948 |  2,751 | 2,641 | 2,496 | 2,153 | 2,027 |\\n|  Total Personal | $6,474 | $6,228 | $6,111 | $5,929 | $5,245 | $5,081 |\\n\\nGross and net written premiums in 2005 increased 6% and 5%, respectively, over 2004. Growth in\\n2005 was concentrated in the Homeowners and Other product line, driven by continued renewal price\\nincreases and unit growth. Retention levels in both the Automobile and Homeowners and Other lines of\\nbusiness remained strong, and were consistent with 2004. In the Automobile line, renewal price increases\\nin 2005 remained positive, but declined when compared with 2004. However, new business premiums in\\n2005 in the Automobile line increased over 2004, primarily due to the introduction of the Company’s new\\nmultivariate pricing product in selected states. Net written premiums in 2005 were reduced by $21 million\\nof catastrophe-related reinstatement premiums described in the “Consolidated Overview” section herein.\\n\\nGross and net written premiums in 2004 increased 17% over 2003. Both Automobile and\\nHomeowners and other net written premiums increased in 2004 due to higher new business volumes, the\\nimpact of new business associated with the Royal & SunAlliance renewal rights transaction entered into in\\nthe third quarter of 2003, continued strong retention, and renewal price increases.\\n\\nThe Personal segment had approximately 6.6 million and 6.3 million policies in force at December 31,\\n2005 and 2004, respectively. In the Automobile line of business, policies in force at December 31, 2005\\nincreased 4% over the same date in 2004. Policies in force in the Homeowners and Other line of business\\nat December 31, 2005 grew by 5% over the same date in 2004. Effective in the first quarter of 2005,\\nHomeowners and Other policies in force include certain endorsements that had previously not been\\ncounted as separate policies. Prior year periods were restated to conform to the current year presentation.\\n\\nIn the Automobile line of business, policies in force at December 31, 2004 increased 9% over 2003.\\nPolicies in force in the Homeowners and Other line of business at December 31, 2004 increased by 15%\\nover 2003.\\n\\nInterest Expense and Other\\n\\n|  (for the year ended December 31, in millions) | 2005 | 2004 | 2003 |\\n| --- | --- | --- | --- |\\n| Net loss | $(184) | $(182) | $(112) |\\n\\nThe increase in net loss for Interest Expense and Other for 2005 compared with 2004 was primarily\\ndue to incremental interest expense on debt assumed in the merger and a reduction in net investment\\nincome, which were mostly offset by the absence of non-recurring merger-related charges and a reduction\\nin non-interest related other expenses in 2005.\\n\\nThe net loss for Interest Expense and Other for the year ended December 31, 2004 increased\\n$70 million compared with 2003, primarily reflecting the impact of the merger. Included in the increase\\nwas $46 million of incremental interest expense on debt assumed in the merger. The 2004 total also\\nincluded $9 million of charges related to the merger that were recorded in the second quarter.\\n\\n85\",\"name\":\"fintabnet.TRV_2005_page_97__300dpi_none\",\"page_id\":\"fintabnet.TRV_2005_page_97\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"TRV_2005_page_97\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[306.2,627.9,2196.8,856.0],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19],\"cells\":[{\"bbox\":[1335.4,634.0,1402.0,667.2],\"c0\":1,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\" 2005\"},{\"bbox\":[1677.2,634.0,1743.9,667.2],\"c0\":3,\"c1\":4,\"r0\":0,\"r1\":0,\"text\":\" 2004\"},{\"bbox\":[2018.9,634.0,2085.5,667.2],\"c0\":5,\"c1\":6,\"r0\":0,\"r1\":0,\"text\":\" 2003\"},{\"bbox\":[306.2,669.5,954.1,702.8],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\" (for the year ended December 31, in millions)\"},{\"bbox\":[1240.5,669.5,1325.3,702.8],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\" Gross\"},{\"bbox\":[1428.2,669.5,1479.1,702.8],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\" Net\"},{\"bbox\":[1582.3,669.5,1667.1,702.8],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\" Gross\"},{\"bbox\":[1770.1,669.5,1820.9,702.8],\"c0\":4,\"c1\":4,\"r0\":1,\"r1\":1,\"text\":\" Net\"},{\"bbox\":[1923.9,669.5,2008.7,702.8],\"c0\":5,\"c1\":5,\"r0\":1,\"r1\":1,\"text\":\" Gross\"},{\"bbox\":[2112.0,669.5,2162.8,702.8],\"c0\":6,\"c1\":6,\"r0\":1,\"r1\":1,\"text\":\" Net\"},{\"bbox\":[306.2,709.5,520.1,751.2],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Automobile\"},{\"bbox\":[1224.3,710.5,1342.3,752.2],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"$3,526\"},{\"bbox\":[1395.1,710.5,1513.0,752.2],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"$3,477\"},{\"bbox\":[1566.2,709.5,1684.1,751.2],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"$3,470\"},{\"bbox\":[1737.0,709.5,1854.9,751.2],\"c0\":4,\"c1\":4,\"r0\":2,\"r1\":2,\"text\":\"$3,433\"},{\"bbox\":[1907.9,709.5,2025.8,751.2],\"c0\":5,\"c1\":5,\"r0\":2,\"r1\":2,\"text\":\"$3,092\"},{\"bbox\":[2078.9,709.5,2196.8,751.2],\"c0\":6,\"c1\":6,\"r0\":2,\"r1\":2,\"text\":\"$3,054\"},{\"bbox\":[306.2,760.5,1149.4,802.3],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Homeowners and Other\"},{\"bbox\":[1248.3,761.5,1342.3,803.3],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\" 2,948\"},{\"bbox\":[1419.1,761.5,1513.1,803.3],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\" 2,751\"},{\"bbox\":[1590.2,760.5,1684.1,802.3],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"2,641\"},{\"bbox\":[1761.0,760.5,1855.0,802.3],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\"2,496\"},{\"bbox\":[1931.9,760.5,2025.8,802.3],\"c0\":5,\"c1\":5,\"r0\":3,\"r1\":3,\"text\":\"2,153\"},{\"bbox\":[2102.9,760.5,2196.8,802.3],\"c0\":6,\"c1\":6,\"r0\":3,\"r1\":3,\"text\":\"2,027\"},{\"bbox\":[348.0,812.7,1149.5,854.5],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\" Total Personal\"},{\"bbox\":[1224.3,814.2,1342.3,856.0],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"$6,474\"},{\"bbox\":[1395.1,814.2,1513.0,856.0],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"$6,228\"},{\"bbox\":[1566.2,813.2,1684.1,855.0],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"$6,111\"},{\"bbox\":[1737.0,813.2,1854.9,855.0],\"c0\":4,\"c1\":4,\"r0\":4,\"r1\":4,\"text\":\"$5,929\"},{\"bbox\":[1907.9,813.2,2025.8,855.0],\"c0\":5,\"c1\":5,\"r0\":4,\"r1\":4,\"text\":\"$5,245\"},{\"bbox\":[2078.9,813.2,2196.8,855.0],\"c0\":6,\"c1\":6,\"r0\":4,\"r1\":4,\"text\":\"$5,081\"}]},{\"bbox\":[473.0,2207.7,2037.9,2296.8],\"block_orders\":[25,26,27,28,29,30],\"cells\":[{\"bbox\":[473.0,2213.7,1121.7,2247.0],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\" (for the year ended December 31, in millions)\"},{\"bbox\":[1626.1,2213.7,1692.7,2247.0],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"2005\"},{\"bbox\":[1781.8,2213.7,1848.5,2247.0],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\"2004\"},{\"bbox\":[1937.4,2213.7,2004.0,2247.0],\"c0\":3,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\"2003\"},{\"bbox\":[473.0,2254.0,1529.5,2295.8],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Net loss\"},{\"bbox\":[1607.7,2255.0,1726.6,2296.8],\"c0\":1,\"c1\":1,\"r0\":1,\"r1\":1,\"text\":\"$(184)\"},{\"bbox\":[1763.5,2254.0,1892.6,2295.8],\"c0\":2,\"c1\":2,\"r0\":1,\"r1\":1,\"text\":\"$(182)\"},{\"bbox\":[1919.1,2254.0,2037.9,2295.8],\"c0\":3,\"c1\":3,\"r0\":1,\"r1\":1,\"text\":\"$(112)\"}]}],\"text\":\"increased taxes, licenses and fees by $25 million. These factors combined to result in a 0.5 point negative\\nimpact on the Personal segment’s 2005 underwriting expense ratio. In 2004, the 1.2 increase in the\\nunderwriting expense ratio over 2003 reflected the impact of the same investments described above.\\n\\nWritten Premiums\\n\\nPersonal gross and net written premiums by product line were as follows:\\n\\n(for the year ended December 31, in millions)\\n\\nAutomobile . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nHomeowners and Other. . . . . . . . . . . . . . . . . . . . .\\nTotal Personal . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nGross\\n\\n2005\\n\\n$ 3,526\\n2,948\\n$ 6,474\\n\\nNet\\n\\n$ 3,477\\n2,751\\n$ 6,228\\n\\nGross\\n\\n2004\\n\\n$3,470\\n2,641\\n$6,111\\n\\nNet\\n\\n$3,433\\n2,496\\n$5,929\\n\\nGross\\n\\n2003\\n\\n$3,092\\n2,153\\n$5,245\\n\\nNet\\n\\n$3,054\\n2,027\\n$5,081\\n\\nGross and net written premiums in 2005 increased 6% and 5%, respectively, over 2004. Growth in\\n2005 was concentrated in the Homeowners and Other product line, driven by continued renewal price\\nincreases and unit growth. Retention levels in both the Automobile and Homeowners and Other lines of\\nbusiness remained strong, and were consistent with 2004. In the Automobile line, renewal price increases\\nin 2005 remained positive, but declined when compared with 2004. However, new business premiums in\\n2005 in the Automobile line increased over 2004, primarily due to the introduction of the Company’s new\\nmultivariate pricing product in selected states. Net written premiums in 2005 were reduced by $21 million\\nof catastrophe-related reinstatement premiums described in the “Consolidated Overview” section herein.\\n\\nGross and net written premiums in 2004 increased 17% over 2003. Both Automobile and\\nHomeowners and other net written premiums increased in 2004 due to higher new business volumes, the\\nimpact of new business associated with the Royal & SunAlliance renewal rights transaction entered into in\\nthe third quarter of 2003, continued strong retention, and renewal price increases.\\n\\nThe Personal segment had approximately 6.6 million and 6.3 million policies in force at December 31,\\n2005 and 2004, respectively. In the Automobile line of business, policies in force at December 31, 2005\\nincreased 4% over the same date in 2004. Policies in force in the Homeowners and Other line of business\\nat December 31, 2005 grew by 5% over the same date in 2004. Effective in the first quarter of 2005,\\nHomeowners and Other policies in force include certain endorsements that had previously not been\\ncounted as separate policies. Prior year periods were restated to conform to the current year presentation.\\n\\nIn the Automobile line of business, policies in force at December 31, 2004 increased 9% over 2003.\\nPolicies in force in the Homeowners and Other line of business at December 31, 2004 increased by 15%\\nover 2003.\\n\\nInterest Expense and Other\\n\\n(for the year ended December 31, in millions)\\n\\nNet loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2005\\n\\n2004\\n\\n2003\\n\\n$ (184) $ (182 ) $ (112 )\\n\\nThe increase in net loss for Interest Expense and Other for 2005 compared with 2004 was primarily\\ndue to incremental interest expense on debt assumed in the merger and a reduction in net investment\\nincome, which were mostly offset by the absence of non-recurring merger-related charges and a reduction\\nin non-interest related other expenses in 2005.\\n\\nThe net loss for Interest Expense and Other for the year ended December 31, 2004 increased\\n$70 million compared with 2003, primarily reflecting the impact of the merger. Included in the increase\\nwas $46 million of incremental interest expense on debt assumed in the merger. The 2004 total also\\nincluded $9 million of charges related to the merger that were recorded in the second quarter.\\n\\n85\"},\"name\":\"fintabnet.TRV_2005_page_97__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":315786,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:TRV_2005\",\"dpi\":300,\"gt_sha256\":\"f0f6ecd8e01211f77c780bdcd1685a62dd9f0ebbf2e556c2a7f3e2b17fd218bf\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.TRV_2005_page_97__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.TRV_2005_page_97\",\"pdf_sha256\":\"591f12a8f891a0e221d1a0ce1efd37a7cf130eb4619b3b610c9aad5d0844d1cb\",\"px\":[2476,3225],\"scan\":{\"render\":\"00003ff8100038fc30fc3ffc3ffc3ffc3ffc3ffc20001e383ffc3ff800000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"TRV_2005_page_97\",\"src\":{\"file_sha256\":\"d8087409d111ae54312fbfbe83924e0105d34842ee50db9650857e954de82207\",\"render\":\"00003ff810003cfc35fc3ffc3ffc3ffc3ffc3ffc20001e383ff83ff800000000\",\"text\":\"d8d4c638a4c6666ba5171c40c8a3317c06b98feed2b239b1807d13e21095351d\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"591f12a8f891a0e221d1a0ce1efd37a7cf130eb4619b3b610c9aad5d0844d1cb\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/591f12a8f891a0e221d1a0ce1efd37a7cf130eb4619b3b610c9aad5d0844d1cb.pdf","asset_sha256":"591f12a8f891a0e221d1a0ce1efd37a7cf130eb4619b3b610c9aad5d0844d1cb","document_id":"fintabnet:TRV_2005","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2005_page_97\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2010_page_107\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:TRV_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[78.1,60.1,539.8,264.0],\"lines\":[{\"bbox\":[103.9,60.7,537.6,84.1],\"text\":\"On January 29, 2009, the Company and PPG Industries, Inc (‘‘PPG’’), along with approximately 30\"},{\"bbox\":[83.5,72.1,536.9,96.0],\"text\":\"other insurers of PPG, agreed in principle to an agreement to settle asbestos-related coverage litigation\"},{\"bbox\":[83.1,84.1,536.6,108.0],\"text\":\"under insurance policies issued to PPG. The tentative settlement agreement has been incorporated into\"},{\"bbox\":[82.7,96.1,507.4,119.1],\"text\":\"the Modified Third Amended Plan of Reorganization (‘‘Amended Plan’’) proposed as part of the\"},{\"bbox\":[82.4,108.0,525.7,131.7],\"text\":\"Pittsburgh Corning Corp. (‘‘PCC’’, which is 50% owned by PPG) bankruptcy proceeding. Pursuant to\"},{\"bbox\":[82.0,120.0,529.8,143.8],\"text\":\"the proposed Amended Plan, which was filed on January 30, 2009, PCC, along with enumerated other\"},{\"bbox\":[81.6,132.0,537.5,156.1],\"text\":\"companies (including PPG as well as the Company as a participating insurer), are to receive protections\"},{\"bbox\":[81.2,144.0,526.4,167.7],\"text\":\"afforded by Section 524(g) of the Bankruptcy Code from certain asbestos-related bodily injury claims.\"},{\"bbox\":[80.8,156.0,529.2,179.8],\"text\":\"Under the agreement in principle, the Company has the option to make a series of payments over the\"},{\"bbox\":[80.4,168.0,527.8,191.8],\"text\":\"next 20 years totaling approximately $620 million to the Trust to be created under the Amended Plan,\"},{\"bbox\":[80.0,180.0,507.2,203.1],\"text\":\"or it may elect to make a one-time discounted payment, which, as of March 31, 2011, would total\"},{\"bbox\":[79.7,192.0,528.7,215.8],\"text\":\"approximately $454 million (approximately $425 million after reinsurance). The agreement in principle\"},{\"bbox\":[79.3,204.0,519.7,227.6],\"text\":\"with PPG is subject to numerous contingencies, including final court approval of the Amended Plan,\"},{\"bbox\":[78.9,216.0,495.7,238.8],\"text\":\"and the Company has no obligation to make the settlement payment until all contingencies are\"},{\"bbox\":[78.5,228.0,533.6,252.0],\"text\":\"satisfied. The Company’s obligations under this agreement in principle are included in the ‘‘home office\"},{\"bbox\":[78.1,240.0,290.8,256.2],\"text\":\"and field office’’ category in the preceding table.\"}],\"order\":0,\"text\":\"On January 29, 2009, the Company and PPG Industries, Inc (‘‘PPG’’), along with approximately 30\\nother insurers of PPG, agreed in principle to an agreement to settle asbestos-related coverage litigation\\nunder insurance policies issued to PPG. The tentative settlement agreement has been incorporated into\\nthe Modified Third Amended Plan of Reorganization (‘‘Amended Plan’’) proposed as part of the\\nPittsburgh Corning Corp. (‘‘PCC’’, which is 50% owned by PPG) bankruptcy proceeding. Pursuant to\\nthe proposed Amended Plan, which was filed on January 30, 2009, PCC, along with enumerated other\\ncompanies (including PPG as well as the Company as a participating insurer), are to receive protections\\nafforded by Section 524(g) of the Bankruptcy Code from certain asbestos-related bodily injury claims.\\nUnder the agreement in principle, the Company has the option to make a series of payments over the\\nnext 20 years totaling approximately $620 million to the Trust to be created under the Amended Plan,\\nor it may elect to make a one-time discounted payment, which, as of March 31, 2011, would total\\napproximately $454 million (approximately $425 million after reinsurance). The agreement in principle\\nwith PPG is subject to numerous contingencies, including final court approval of the Amended Plan,\\nand the Company has no obligation to make the settlement payment until all contingencies are\\nsatisfied. The Company’s obligations under this agreement in principle are included in the ‘‘home office\\nand field office’’ category in the preceding table.\"},{\"bbox\":[76.4,258.0,530.9,317.9],\"lines\":[{\"bbox\":[97.5,258.6,530.9,281.9],\"text\":\"In December 2008, the Company completed the sale of Unionamerica, which comprised its United\"},{\"bbox\":[77.2,270.0,488.8,292.6],\"text\":\"Kingdom-based runoff insurance and reinsurance businesses. Included in the claims and claim\"},{\"bbox\":[76.8,282.0,501.3,305.0],\"text\":\"adjustment expense reserves transferred to the purchaser were gross and net asbestos reserves of\"},{\"bbox\":[76.4,294.0,265.1,309.4],\"text\":\"$330 million and $232 million, respectively.\"}],\"order\":1,\"text\":\"In December 2008, the Company completed the sale of Unionamerica, which comprised its United\\nKingdom-based runoff insurance and reinsurance businesses. Included in the claims and claim\\nadjustment expense reserves transferred to the purchaser were gross and net asbestos reserves of\\n$330 million and $232 million, respectively.\"},{\"bbox\":[95.8,312.6,474.5,334.2],\"lines\":[{\"bbox\":[95.8,312.6,474.5,334.2],\"text\":\"The following table displays activity for asbestos losses and loss expenses and reserves:\"}],\"order\":2,\"text\":\"The following table displays activity for asbestos losses and loss expenses and reserves:\"},{\"bbox\":[115.2,334.6,301.9,348.2],\"lines\":[{\"bbox\":[115.2,334.6,301.9,348.2],\"text\":\"(at and for the year ended December 31, in millions)\"}],\"order\":3,\"text\":\"(at and for the year ended December 31, in millions)\"},{\"bbox\":[113.9,349.2,372.3,390.9],\"lines\":[{\"bbox\":[114.6,349.2,199.2,361.3],\"text\":\"Beginning reserves:\"},{\"bbox\":[124.2,361.5,371.9,378.9],\"text\":\"Direct . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[123.9,373.5,371.5,390.9],\"text\":\"Ceded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Beginning reserves:\\nDirect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCeded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[390.3,343.5,406.5,351.5],\"lines\":[{\"bbox\":[390.3,343.5,406.5,351.5],\"text\":\"2010\"}],\"order\":5,\"text\":\"2010\"},{\"bbox\":[429.7,344.7,446.0,352.8],\"lines\":[{\"bbox\":[429.7,344.7,446.0,352.8],\"text\":\"2009\"}],\"order\":6,\"text\":\"2009\"},{\"bbox\":[469.2,346.0,485.4,354.1],\"lines\":[{\"bbox\":[469.2,346.0,485.4,354.1],\"text\":\"2008\"}],\"order\":7,\"text\":\"2008\"},{\"bbox\":[383.2,369.8,494.2,394.8],\"lines\":[{\"bbox\":[383.6,369.8,490.4,382.7],\"text\":\"$3,097 $3,299 $4,353\"},{\"bbox\":[391.9,382.1,414.9,392.3],\"text\":\"(339)\"},{\"bbox\":[431.4,383.4,454.3,393.5],\"text\":\"(385)\"},{\"bbox\":[470.9,384.6,493.8,394.8],\"text\":\"(619)\"}],\"order\":8,\"text\":\"$3,097 $3,299 $4,353\\n(339)\\n(385)\\n(619)\"},{\"bbox\":[123.3,389.5,371.0,406.9],\"lines\":[{\"bbox\":[123.3,389.5,371.0,406.9],\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":9,\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[387.7,398.0,410.5,408.1],\"lines\":[{\"bbox\":[387.7,398.0,410.5,408.1],\"text\":\"2,758\"}],\"order\":10,\"text\":\"2,758\"},{\"bbox\":[427.2,399.3,450.0,409.4],\"lines\":[{\"bbox\":[427.2,399.3,450.0,409.4],\"text\":\"2,914\"}],\"order\":11,\"text\":\"2,914\"},{\"bbox\":[466.7,400.5,489.5,410.7],\"lines\":[{\"bbox\":[466.7,400.5,489.5,410.7],\"text\":\"3,734\"}],\"order\":12,\"text\":\"3,734\"},{\"bbox\":[112.1,405.2,370.5,446.9],\"lines\":[{\"bbox\":[112.8,405.2,261.1,419.4],\"text\":\"Incurred losses and loss expenses:\"},{\"bbox\":[122.5,417.5,370.1,434.9],\"text\":\"Direct . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[122.1,429.5,369.7,446.9],\"text\":\"Ceded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":13,\"text\":\"Incurred losses and loss expenses:\\nDirect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCeded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[390.1,426.1,413.4,448.2],\"lines\":[{\"bbox\":[394.3,426.2,409.6,436.1],\"text\":\"262\"},{\"bbox\":[390.1,438.1,413.1,448.2],\"text\":\"(122)\"}],\"order\":14,\"text\":\"262\\n(122)\"},{\"bbox\":[433.4,427.5,449.1,449.4],\"lines\":[{\"bbox\":[433.8,427.5,449.1,437.4],\"text\":\"185\"},{\"bbox\":[438.4,439.6,448.7,449.4],\"text\":\"—\"}],\"order\":15,\"text\":\"185\\n—\"},{\"bbox\":[477.9,428.9,488.6,450.7],\"lines\":[{\"bbox\":[478.3,428.9,488.6,438.7],\"text\":\"70\"},{\"bbox\":[477.9,440.9,488.2,450.7],\"text\":\"—\"}],\"order\":16,\"text\":\"70\\n—\"},{\"bbox\":[121.6,445.5,369.2,462.8],\"lines\":[{\"bbox\":[121.6,445.5,369.2,462.8],\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":17,\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[393.4,454.2,408.7,464.1],\"lines\":[{\"bbox\":[393.4,454.2,408.7,464.1],\"text\":\"140\"}],\"order\":18,\"text\":\"140\"},{\"bbox\":[432.9,455.5,448.2,465.4],\"lines\":[{\"bbox\":[432.9,455.5,448.2,465.4],\"text\":\"185\"}],\"order\":19,\"text\":\"185\"},{\"bbox\":[477.4,456.9,487.7,466.6],\"lines\":[{\"bbox\":[477.4,456.9,487.7,466.6],\"text\":\"70\"}],\"order\":20,\"text\":\"70\"},{\"bbox\":[110.3,461.2,368.7,502.8],\"lines\":[{\"bbox\":[111.0,461.2,164.6,472.3],\"text\":\"Losses paid:\"},{\"bbox\":[120.7,473.5,368.3,490.8],\"text\":\"Direct . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[120.3,485.5,367.9,502.8],\"text\":\"Ceded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":21,\"text\":\"Losses paid:\\nDirect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCeded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[392.1,482.2,411.7,504.2],\"lines\":[{\"bbox\":[392.5,482.2,407.8,492.1],\"text\":\"418\"},{\"bbox\":[393.3,494.2,411.3,504.2],\"text\":\"(68)\"}],\"order\":22,\"text\":\"418\\n(68)\"},{\"bbox\":[431.6,483.5,451.1,505.5],\"lines\":[{\"bbox\":[432.0,483.5,447.3,493.4],\"text\":\"387\"},{\"bbox\":[432.8,495.5,450.7,505.5],\"text\":\"(46)\"}],\"order\":23,\"text\":\"387\\n(46)\"},{\"bbox\":[467.3,484.6,490.6,506.7],\"lines\":[{\"bbox\":[471.5,484.7,486.8,494.6],\"text\":\"794\"},{\"bbox\":[467.3,496.6,490.2,506.7],\"text\":\"(136)\"}],\"order\":24,\"text\":\"794\\n(136)\"},{\"bbox\":[119.8,501.5,367.4,518.8],\"lines\":[{\"bbox\":[119.8,501.5,367.4,518.8],\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":25,\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[391.6,510.2,406.9,520.1],\"lines\":[{\"bbox\":[391.6,510.2,406.9,520.1],\"text\":\"350\"}],\"order\":26,\"text\":\"350\"},{\"bbox\":[431.1,511.4,446.4,521.4],\"lines\":[{\"bbox\":[431.1,511.4,446.4,521.4],\"text\":\"341\"}],\"order\":27,\"text\":\"341\"},{\"bbox\":[470.6,512.7,485.9,522.6],\"lines\":[{\"bbox\":[470.6,512.7,485.9,522.6],\"text\":\"658\"}],\"order\":28,\"text\":\"658\"},{\"bbox\":[108.5,517.1,366.9,558.8],\"lines\":[{\"bbox\":[109.3,517.1,188.6,529.1],\"text\":\"Sale of subsidiary:\"},{\"bbox\":[118.9,529.4,366.5,546.8],\"text\":\"Direct . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[118.5,541.4,366.2,558.8],\"text\":\"Ceded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":29,\"text\":\"Sale of subsidiary:\\nDirect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCeded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[395.3,538.3,406.0,560.1],\"lines\":[{\"bbox\":[395.7,538.3,406.0,548.1],\"text\":\"—\"},{\"bbox\":[395.3,550.3,405.6,560.1],\"text\":\"—\"}],\"order\":30,\"text\":\"—\\n—\"},{\"bbox\":[434.8,539.6,445.5,561.3],\"lines\":[{\"bbox\":[435.2,539.6,445.5,549.3],\"text\":\"—\"},{\"bbox\":[434.8,551.6,445.1,561.3],\"text\":\"—\"}],\"order\":31,\"text\":\"—\\n—\"},{\"bbox\":[469.3,540.7,488.8,562.7],\"lines\":[{\"bbox\":[469.7,540.7,485.0,550.6],\"text\":\"330\"},{\"bbox\":[470.5,552.7,488.4,562.7],\"text\":\"(98)\"}],\"order\":32,\"text\":\"330\\n(98)\"},{\"bbox\":[118.0,557.4,365.6,574.8],\"lines\":[{\"bbox\":[118.0,557.4,365.6,574.8],\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":33,\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[394.8,566.3,405.1,576.1],\"lines\":[{\"bbox\":[394.8,566.3,405.1,576.1],\"text\":\"—\"}],\"order\":34,\"text\":\"—\"},{\"bbox\":[434.3,567.6,444.6,577.3],\"lines\":[{\"bbox\":[434.3,567.6,444.6,577.3],\"text\":\"—\"}],\"order\":35,\"text\":\"—\"},{\"bbox\":[468.8,568.7,484.1,578.6],\"lines\":[{\"bbox\":[468.8,568.7,484.1,578.6],\"text\":\"232\"}],\"order\":36,\"text\":\"232\"},{\"bbox\":[106.7,573.1,365.1,614.8],\"lines\":[{\"bbox\":[107.5,573.1,179.6,584.8],\"text\":\"Ending reserves:\"},{\"bbox\":[117.1,585.4,364.7,602.8],\"text\":\"Direct . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[116.7,597.4,364.4,614.8],\"text\":\"Ceded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":37,\"text\":\"Ending reserves:\\nDirect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCeded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[381.0,593.9,408.1,616.2],\"lines\":[{\"bbox\":[381.4,593.9,404.2,604.0],\"text\":\"2,941\"},{\"bbox\":[384.7,606.0,407.7,616.2],\"text\":\"(393)\"}],\"order\":38,\"text\":\"2,941\\n(393)\"},{\"bbox\":[420.5,595.2,447.5,617.4],\"lines\":[{\"bbox\":[420.9,595.2,443.7,605.3],\"text\":\"3,097\"},{\"bbox\":[424.2,607.3,447.1,617.4],\"text\":\"(339)\"}],\"order\":39,\"text\":\"3,097\\n(339)\"},{\"bbox\":[460.0,596.4,487.0,618.7],\"lines\":[{\"bbox\":[460.4,596.4,483.2,606.6],\"text\":\"3,299\"},{\"bbox\":[463.7,608.5,486.6,618.7],\"text\":\"(385)\"}],\"order\":40,\"text\":\"3,299\\n(385)\"},{\"bbox\":[116.2,613.4,363.8,630.8],\"lines\":[{\"bbox\":[116.2,613.4,363.8,630.8],\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":41,\"text\":\"Net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[375.5,621.7,403.3,632.0],\"lines\":[{\"bbox\":[375.5,621.7,403.3,632.0],\"text\":\"$2,548\"}],\"order\":42,\"text\":\"$2,548\"},{\"bbox\":[415.0,623.0,442.8,633.3],\"lines\":[{\"bbox\":[415.0,623.0,442.8,633.3],\"text\":\"$2,758\"}],\"order\":43,\"text\":\"$2,758\"},{\"bbox\":[454.5,624.2,482.3,634.6],\"lines\":[{\"bbox\":[454.5,624.2,482.3,634.6],\"text\":\"$2,914\"}],\"order\":44,\"text\":\"$2,914\"},{\"bbox\":[105.2,642.6,474.0,663.8],\"lines\":[{\"bbox\":[105.2,642.6,474.0,663.8],\"text\":\"See ‘‘—Uncertainty Regarding Adequacy of Asbestos and Environmental Reserves.’’\"}],\"order\":45,\"text\":\"See ‘‘—Uncertainty Regarding Adequacy of Asbestos and Environmental Reserves.’’\"},{\"bbox\":[286.2,707.9,296.5,717.6],\"lines\":[{\"bbox\":[286.2,707.9,296.5,717.6],\"text\":\"95\"}],\"order\":46,\"text\":\"95\"}],\"doc\":\"fintabnet:TRV_2010\",\"dpi\":72,\"image_px\":[603,783],\"layout\":[],\"markdown\":\"On January 29, 2009, the Company and PPG Industries, Inc (‘‘PPG’’), along with approximately 30\\nother insurers of PPG, agreed in principle to an agreement to settle asbestos-related coverage litigation\\nunder insurance policies issued to PPG. The tentative settlement agreement has been incorporated into\\nthe Modified Third Amended Plan of Reorganization (‘‘Amended Plan’’) proposed as part of the\\nPittsburgh Corning Corp. (‘‘PCC’’, which is 50% owned by PPG) bankruptcy proceeding. Pursuant to\\nthe proposed Amended Plan, which was filed on January 30, 2009, PCC, along with enumerated other\\ncompanies (including PPG as well as the Company as a participating insurer), are to receive protections\\nafforded by Section 524(g) of the Bankruptcy Code from certain asbestos-related bodily injury claims.\\nUnder the agreement in principle, the Company has the option to make a series of payments over the\\nnext 20 years totaling approximately $620 million to the Trust to be created under the Amended Plan,\\nor it may elect to make a one-time discounted payment, which, as of March 31, 2011, would total\\napproximately $454 million (approximately $425 million after reinsurance). The agreement in principle\\nwith PPG is subject to numerous contingencies, including final court approval of the Amended Plan,\\nand the Company has no obligation to make the settlement payment until all contingencies are\\nsatisfied. The Company’s obligations under this agreement in principle are included in the ‘‘home office\\nand field office’’ category in the preceding table.\\n\\nIn December 2008, the Company completed the sale of Unionamerica, which comprised its United\\nKingdom-based runoff insurance and reinsurance businesses. Included in the claims and claim\\nadjustment expense reserves transferred to the purchaser were gross and net asbestos reserves of\\n$330 million and $232 million, respectively.\\n\\nThe following table displays activity for asbestos losses and loss expenses and reserves:\\n\\n|  (at and for the year ended December 31, in millions) | 2010 | 2009 | 2008 |\\n| --- | --- | --- | --- |\\n| Beginning reserves: |  |  |  |\\n| Direct | $3,097 | $3,299 | $4,353 |\\n| Ceded | (339) | (385) | (619) |\\n| Net | 2,758 | 2,914 | 3,734 |\\n| Incurred losses and loss expenses: |  |  |  |\\n| Direct | 262 | 185 | 70 |\\n| Ceded | (122) | — | — |\\n| Net | 140 | 185 | 70 |\\n| Losses paid: |  |  |  |\\n| Direct | 418 | 387 | 794 |\\n| Ceded | (68) | (46) | (136) |\\n| Net | 350 | 341 | 658 |\\n| Sale of subsidiary: |  |  |  |\\n| Direct | — | — | 330 |\\n| Ceded | — | — | (98) |\\n| Net | — | — | 232 |\\n| Ending reserves: |  |  |  |\\n| Direct | 2,941 | 3,097 | 3,299 |\\n| Ceded | (393) | (339) | (385) |\\n| Net | $2,548 | $2,758 | $2,914 |\\n\\nSee ‘‘—Uncertainty Regarding Adequacy of Asbestos and Environmental Reserves.’’\\n\\n95\",\"name\":\"fintabnet.TRV_2010_page_107__72dpi_heavy\",\"page_id\":\"fintabnet.TRV_2010_page_107\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-1.837,\"source\":\"fintabnet\",\"source_id\":\"TRV_2010_page_107\",\"stack\":[{\"deg\":-1.837,\"op\":\"skew\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":5.332,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":10.207},{\"gain\":0.623,\"op\":\"contrast\"},{\"offset\":-0.01,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[106.2,332.7,495.1,634.7],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44],\"cells\":[{\"bbox\":[115.2,334.2,302.0,348.2],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\" (at and for the year ended December 31, in millions)\"},{\"bbox\":[390.3,343.0,406.5,351.5],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":0,\"text\":\"2010\"},{\"bbox\":[429.7,344.3,446.0,352.8],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":0,\"text\":\"2009\"},{\"bbox\":[469.2,345.5,485.5,354.1],\"c0\":3,\"c1\":3,\"r0\":0,\"r1\":0,\"text\":\"2008\"},{\"bbox\":[114.6,348.6,199.2,361.3],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Beginning reserves:\"},{\"bbox\":[124.2,361.0,156.1,372.0],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Direct\"},{\"bbox\":[383.6,369.3,411.4,380.2],\"c0\":1,\"c1\":1,\"r0\":2,\"r1\":2,\"text\":\"$3,097\"},{\"bbox\":[423.1,370.5,450.9,381.4],\"c0\":2,\"c1\":2,\"r0\":2,\"r1\":2,\"text\":\"$3,299\"},{\"bbox\":[462.6,371.8,490.4,382.7],\"c0\":3,\"c1\":3,\"r0\":2,\"r1\":2,\"text\":\"$4,353\"},{\"bbox\":[123.9,373.0,152.1,383.8],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Ceded\"},{\"bbox\":[391.9,381.6,414.9,392.3],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"(339)\"},{\"bbox\":[431.4,382.8,454.4,393.5],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"(385)\"},{\"bbox\":[470.9,384.1,493.8,394.8],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"(619)\"},{\"bbox\":[123.3,388.9,139.6,399.5],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Net\"},{\"bbox\":[387.7,397.4,410.5,408.1],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"2,758\"},{\"bbox\":[427.2,398.7,450.0,409.4],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"2,914\"},{\"bbox\":[466.7,400.0,489.5,410.7],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"3,734\"},{\"bbox\":[112.8,404.6,261.1,419.4],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Incurred losses and loss expenses:\"},{\"bbox\":[122.5,416.9,154.3,427.9],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Direct\"},{\"bbox\":[394.3,425.7,409.6,436.1],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"262\"},{\"bbox\":[433.8,426.9,449.1,437.4],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"185\"},{\"bbox\":[478.3,428.3,488.6,438.7],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"70\"},{\"bbox\":[122.1,428.9,150.3,439.8],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Ceded\"},{\"bbox\":[390.1,437.5,413.1,448.2],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"(122)\"},{\"bbox\":[438.4,439.1,448.7,449.4],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"—\"},{\"bbox\":[477.9,440.3,488.2,450.7],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"—\"},{\"bbox\":[121.6,444.9,137.8,455.4],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Net\"},{\"bbox\":[393.4,453.6,408.7,464.1],\"c0\":1,\"c1\":1,\"r0\":8,\"r1\":8,\"text\":\"140\"},{\"bbox\":[432.9,454.9,448.2,465.4],\"c0\":2,\"c1\":2,\"r0\":8,\"r1\":8,\"text\":\"185\"},{\"bbox\":[477.4,456.3,487.7,466.6],\"c0\":3,\"c1\":3,\"r0\":8,\"r1\":8,\"text\":\"70\"},{\"bbox\":[111.0,460.6,164.7,472.3],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Losses paid:\"},{\"bbox\":[120.7,472.9,152.5,483.9],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Direct\"},{\"bbox\":[392.5,481.6,407.8,492.1],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"418\"},{\"bbox\":[432.0,482.9,447.3,493.4],\"c0\":2,\"c1\":2,\"r0\":10,\"r1\":10,\"text\":\"387\"},{\"bbox\":[471.5,484.1,486.8,494.6],\"c0\":3,\"c1\":3,\"r0\":10,\"r1\":10,\"text\":\"794\"},{\"bbox\":[120.3,484.9,148.5,495.8],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"Ceded\"},{\"bbox\":[393.3,493.6,411.3,504.2],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"(68)\"},{\"bbox\":[432.8,494.9,450.8,505.5],\"c0\":2,\"c1\":2,\"r0\":11,\"r1\":11,\"text\":\"(46)\"},{\"bbox\":[467.3,496.0,490.2,506.7],\"c0\":3,\"c1\":3,\"r0\":11,\"r1\":11,\"text\":\"(136)\"},{\"bbox\":[119.8,500.9,136.0,511.4],\"c0\":0,\"c1\":0,\"r0\":12,\"r1\":12,\"text\":\"Net\"},{\"bbox\":[391.6,509.6,406.9,520.1],\"c0\":1,\"c1\":1,\"r0\":12,\"r1\":12,\"text\":\"350\"},{\"bbox\":[431.1,510.9,446.4,521.4],\"c0\":2,\"c1\":2,\"r0\":12,\"r1\":12,\"text\":\"341\"},{\"bbox\":[470.6,512.1,485.9,522.6],\"c0\":3,\"c1\":3,\"r0\":12,\"r1\":12,\"text\":\"658\"},{\"bbox\":[109.3,516.6,188.7,529.1],\"c0\":0,\"c1\":0,\"r0\":13,\"r1\":13,\"text\":\"Sale of subsidiary:\"},{\"bbox\":[118.9,528.9,150.7,539.9],\"c0\":0,\"c1\":0,\"r0\":14,\"r1\":14,\"text\":\"Direct\"},{\"bbox\":[395.7,537.7,406.0,548.1],\"c0\":1,\"c1\":1,\"r0\":14,\"r1\":14,\"text\":\"—\"},{\"bbox\":[435.2,539.0,445.5,549.3],\"c0\":2,\"c1\":2,\"r0\":14,\"r1\":14,\"text\":\"—\"},{\"bbox\":[469.7,540.1,485.0,550.6],\"c0\":3,\"c1\":3,\"r0\":14,\"r1\":14,\"text\":\"330\"},{\"bbox\":[118.5,540.9,146.7,551.8],\"c0\":0,\"c1\":0,\"r0\":15,\"r1\":15,\"text\":\"Ceded\"},{\"bbox\":[395.3,549.7,405.7,560.1],\"c0\":1,\"c1\":1,\"r0\":15,\"r1\":15,\"text\":\"—\"},{\"bbox\":[434.8,551.0,445.1,561.3],\"c0\":2,\"c1\":2,\"r0\":15,\"r1\":15,\"text\":\"—\"},{\"bbox\":[470.5,552.1,488.4,562.7],\"c0\":3,\"c1\":3,\"r0\":15,\"r1\":15,\"text\":\"(98)\"},{\"bbox\":[118.0,556.9,134.2,567.4],\"c0\":0,\"c1\":0,\"r0\":16,\"r1\":16,\"text\":\"Net\"},{\"bbox\":[394.8,565.7,405.1,576.1],\"c0\":1,\"c1\":1,\"r0\":16,\"r1\":16,\"text\":\"—\"},{\"bbox\":[434.3,567.0,444.6,577.3],\"c0\":2,\"c1\":2,\"r0\":16,\"r1\":16,\"text\":\"—\"},{\"bbox\":[468.8,568.1,484.1,578.6],\"c0\":3,\"c1\":3,\"r0\":16,\"r1\":16,\"text\":\"232\"},{\"bbox\":[107.5,572.5,179.6,584.8],\"c0\":0,\"c1\":0,\"r0\":17,\"r1\":17,\"text\":\"Ending reserves:\"},{\"bbox\":[117.1,584.8,148.9,595.9],\"c0\":0,\"c1\":0,\"r0\":18,\"r1\":18,\"text\":\"Direct\"},{\"bbox\":[381.4,593.3,404.2,604.0],\"c0\":1,\"c1\":1,\"r0\":18,\"r1\":18,\"text\":\"2,941\"},{\"bbox\":[420.9,594.6,443.7,605.3],\"c0\":2,\"c1\":2,\"r0\":18,\"r1\":18,\"text\":\"3,097\"},{\"bbox\":[460.4,595.8,483.2,606.6],\"c0\":3,\"c1\":3,\"r0\":18,\"r1\":18,\"text\":\"3,299\"},{\"bbox\":[116.7,596.8,144.9,607.7],\"c0\":0,\"c1\":0,\"r0\":19,\"r1\":19,\"text\":\"Ceded\"},{\"bbox\":[384.7,605.4,407.7,616.2],\"c0\":1,\"c1\":1,\"r0\":19,\"r1\":19,\"text\":\"(393)\"},{\"bbox\":[424.2,606.7,447.2,617.4],\"c0\":2,\"c1\":2,\"r0\":19,\"r1\":19,\"text\":\"(339)\"},{\"bbox\":[463.7,608.0,486.7,618.7],\"c0\":3,\"c1\":3,\"r0\":19,\"r1\":19,\"text\":\"(385)\"},{\"bbox\":[116.2,612.8,132.4,623.3],\"c0\":0,\"c1\":0,\"r0\":20,\"r1\":20,\"text\":\"Net\"},{\"bbox\":[375.5,621.1,403.3,632.0],\"c0\":1,\"c1\":1,\"r0\":20,\"r1\":20,\"text\":\"$2,548\"},{\"bbox\":[415.0,622.4,442.8,633.3],\"c0\":2,\"c1\":2,\"r0\":20,\"r1\":20,\"text\":\"$2,758\"},{\"bbox\":[454.5,623.7,482.3,634.6],\"c0\":3,\"c1\":3,\"r0\":20,\"r1\":20,\"text\":\"$2,914\"}]}],\"text\":\"On January 29, 2009, the Company and PPG Industries, Inc (‘‘PPG’’), along with approximately 30\\nother insurers of PPG, agreed in principle to an agreement to settle asbestos-related coverage litigation\\nunder insurance policies issued to PPG. The tentative settlement agreement has been incorporated into\\nthe Modified Third Amended Plan of Reorganization (‘‘Amended Plan’’) proposed as part of the\\nPittsburgh Corning Corp. (‘‘PCC’’, which is 50% owned by PPG) bankruptcy proceeding. Pursuant to\\nthe proposed Amended Plan, which was filed on January 30, 2009, PCC, along with enumerated other\\ncompanies (including PPG as well as the Company as a participating insurer), are to receive protections\\nafforded by Section 524(g) of the Bankruptcy Code from certain asbestos-related bodily injury claims.\\nUnder the agreement in principle, the Company has the option to make a series of payments over the\\nnext 20 years totaling approximately $620 million to the Trust to be created under the Amended Plan,\\nor it may elect to make a one-time discounted payment, which, as of March 31, 2011, would total\\napproximately $454 million (approximately $425 million after reinsurance). The agreement in principle\\nwith PPG is subject to numerous contingencies, including final court approval of the Amended Plan,\\nand the Company has no obligation to make the settlement payment until all contingencies are\\nsatisfied. The Company’s obligations under this agreement in principle are included in the ‘‘home office\\nand field office’’ category in the preceding table.\\n\\nIn December 2008, the Company completed the sale of Unionamerica, which comprised its United\\nKingdom-based runoff insurance and reinsurance businesses. Included in the claims and claim\\nadjustment expense reserves transferred to the purchaser were gross and net asbestos reserves of\\n$330 million and $232 million, respectively.\\n\\nThe following table displays activity for asbestos losses and loss expenses and reserves:\\n\\n(at and for the year ended December 31, in millions)\\n\\nBeginning reserves:\\nDirect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCeded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2010\\n\\n2009\\n\\n2008\\n\\n$3,097 $3,299 $4,353\\n(339)\\n(385)\\n(619)\\n\\nNet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2,758\\n\\n2,914\\n\\n3,734\\n\\nIncurred losses and loss expenses:\\nDirect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCeded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n262\\n(122)\\n\\n185\\n—\\n\\n70\\n—\\n\\nNet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n140\\n\\n185\\n\\n70\\n\\nLosses paid:\\nDirect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCeded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n418\\n(68)\\n\\n387\\n(46)\\n\\n794\\n(136)\\n\\nNet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n350\\n\\n341\\n\\n658\\n\\nSale of subsidiary:\\nDirect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCeded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n—\\n—\\n\\n—\\n—\\n\\n330\\n(98)\\n\\nNet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n—\\n\\n—\\n\\n232\\n\\nEnding reserves:\\nDirect . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCeded . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n2,941\\n(393)\\n\\n3,097\\n(339)\\n\\n3,299\\n(385)\\n\\nNet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$2,548\\n\\n$2,758\\n\\n$2,914\\n\\nSee ‘‘—Uncertainty Regarding Adequacy of Asbestos and Environmental Reserves.’’\\n\\n95\"},\"name\":\"fintabnet.TRV_2010_page_107__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":16731,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:TRV_2010\",\"dpi\":72,\"gt_sha256\":\"42020e7b754abfa2e94cb895497afda05440a309fbde97e298056a3ec7b40a9d\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.TRV_2010_page_107__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.TRV_2010_page_107\",\"pdf_sha256\":\"9038b0e29b0f0ccf20c779bccd58706c7023cc6f2b19a1ef7b8ce33bdfeecf19\",\"px\":[603,783],\"scan\":{\"render\":\"00003ffc3ffc3ffc3ffc3ffc3ff81f38103810381838103810381c3000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"TRV_2010_page_107\",\"src\":{\"file_sha256\":\"0bb55dcd174e1746e4b9b15807ce5760accb79672755558901ee5db902464981\",\"render\":\"00003ffc3ffc3ffc3ffc3ff83f301f38103810381038103810381c0000000000\",\"text\":\"0dc80dcaf133cba366a9ec1871954a9865a98e05e17a96c7fb4ab16082fff8d1\"},\"stack\":[{\"deg\":-1.837,\"op\":\"skew\"},{\"angle\":90.0,\"kind\":\"motion\",\"length\":5.332,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":10.207},{\"gain\":0.623,\"op\":\"contrast\"},{\"offset\":-0.01,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"9038b0e29b0f0ccf20c779bccd58706c7023cc6f2b19a1ef7b8ce33bdfeecf19\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/9038b0e29b0f0ccf20c779bccd58706c7023cc6f2b19a1ef7b8ce33bdfeecf19.pdf","asset_sha256":"9038b0e29b0f0ccf20c779bccd58706c7023cc6f2b19a1ef7b8ce33bdfeecf19","document_id":"fintabnet:TRV_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2010_page_107\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2010_page_50\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:TRV_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[102.4,93.4,302.5,106.5],\"lines\":[{\"bbox\":[102.4,93.4,302.5,106.5],\"text\":\"Casualty insurance . . . . . . . . . .\"}],\"order\":0,\"text\":\"Casualty insurance . . . . . . . . . .\"},{\"bbox\":[319.2,93.4,727.4,223.2],\"lines\":[{\"bbox\":[319.2,93.4,713.4,106.5],\"text\":\"Insurance which is primarily concerned with the losses caused by\"},{\"bbox\":[319.2,110.1,727.4,123.2],\"text\":\"injuries to third persons, i.e., not the insured, and the legal liability\"},{\"bbox\":[319.2,126.7,721.9,139.9],\"text\":\"imposed on the insured resulting therefrom. It includes, but is not\"},{\"bbox\":[319.2,143.4,690.7,156.5],\"text\":\"limited to, employers’ liability, workers’ compensation, public\"},{\"bbox\":[319.2,160.1,723.7,173.2],\"text\":\"liability, automobile liability, personal liability and aviation liability\"},{\"bbox\":[319.2,176.8,723.9,189.9],\"text\":\"insurance. It excludes certain types of losses that by law or custom\"},{\"bbox\":[319.2,193.4,722.7,206.6],\"text\":\"are considered as being exclusively within the scope of other types\"},{\"bbox\":[319.2,210.1,538.7,223.2],\"text\":\"of insurance, such as fire or marine.\"}],\"order\":1,\"text\":\"Insurance which is primarily concerned with the losses caused by\\ninjuries to third persons, i.e., not the insured, and the legal liability\\nimposed on the insured resulting therefrom. It includes, but is not\\nlimited to, employers’ liability, workers’ compensation, public\\nliability, automobile liability, personal liability and aviation liability\\ninsurance. It excludes certain types of losses that by law or custom\\nare considered as being exclusively within the scope of other types\\nof insurance, such as fire or marine.\"},{\"bbox\":[102.4,235.1,302.5,248.2],\"lines\":[{\"bbox\":[102.4,235.1,302.5,248.2],\"text\":\"Catastrophe . . . . . . . . . . . . . . .\"}],\"order\":2,\"text\":\"Catastrophe . . . . . . . . . . . . . . .\"},{\"bbox\":[319.2,235.1,731.0,431.7],\"lines\":[{\"bbox\":[319.2,235.1,720.2,248.2],\"text\":\"A severe loss, resulting from a variety of events, including, among\"},{\"bbox\":[319.2,251.8,678.4,264.9],\"text\":\"others, hurricanes and other windstorms, earthquakes, hail,\"},{\"bbox\":[319.2,268.5,699.5,281.6],\"text\":\"wildfires, severe winter weather, floods and volcanic eruptions.\"},{\"bbox\":[319.2,285.1,731.0,298.3],\"text\":\"Catastrophes can also result from a terrorist attack (including those\"},{\"bbox\":[319.2,301.8,692.0,314.9],\"text\":\"involving nuclear, biological, chemical or radiological events),\"},{\"bbox\":[319.2,318.5,716.6,331.6],\"text\":\"explosions, infrastructure failures or as a consequence of political\"},{\"bbox\":[319.2,335.2,676.2,348.3],\"text\":\"instability. Each catastrophe has unique characteristics and\"},{\"bbox\":[319.2,351.8,699.8,365.0],\"text\":\"catastrophes are not predictable as to timing or amount. Their\"},{\"bbox\":[319.2,368.5,710.9,381.6],\"text\":\"effects are included in net and operating income and claims and\"},{\"bbox\":[319.2,385.2,725.9,398.3],\"text\":\"claim adjustment expense reserves upon occurrence. A catastrophe\"},{\"bbox\":[319.2,401.9,720.4,415.0],\"text\":\"may result in the payment of reinsurance reinstatement premiums\"},{\"bbox\":[319.2,418.5,538.4,431.7],\"text\":\"and assessments from various pools.\"}],\"order\":3,\"text\":\"A severe loss, resulting from a variety of events, including, among\\nothers, hurricanes and other windstorms, earthquakes, hail,\\nwildfires, severe winter weather, floods and volcanic eruptions.\\nCatastrophes can also result from a terrorist attack (including those\\ninvolving nuclear, biological, chemical or radiological events),\\nexplosions, infrastructure failures or as a consequence of political\\ninstability. Each catastrophe has unique characteristics and\\ncatastrophes are not predictable as to timing or amount. Their\\neffects are included in net and operating income and claims and\\nclaim adjustment expense reserves upon occurrence. A catastrophe\\nmay result in the payment of reinsurance reinstatement premiums\\nand assessments from various pools.\"},{\"bbox\":[102.4,443.6,302.5,456.7],\"lines\":[{\"bbox\":[102.4,443.6,302.5,456.7],\"text\":\"Catastrophe loss . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Catastrophe loss . . . . . . . . . . . .\"},{\"bbox\":[319.2,443.6,673.4,473.3],\"lines\":[{\"bbox\":[319.2,443.6,673.4,456.7],\"text\":\"Loss and directly identified loss adjustment expenses from\"},{\"bbox\":[319.2,460.2,397.1,473.3],\"text\":\"catastrophes.\"}],\"order\":5,\"text\":\"Loss and directly identified loss adjustment expenses from\\ncatastrophes.\"},{\"bbox\":[102.4,485.2,302.5,498.4],\"lines\":[{\"bbox\":[102.4,485.2,302.5,498.4],\"text\":\"Catastrophe reinsurance . . . . . .\"}],\"order\":6,\"text\":\"Catastrophe reinsurance . . . . . .\"},{\"bbox\":[319.2,485.2,719.6,615.1],\"lines\":[{\"bbox\":[319.2,485.2,715.4,498.4],\"text\":\"A form of excess of loss reinsurance which, subject to a specified\"},{\"bbox\":[319.2,501.9,706.6,515.0],\"text\":\"limit, indemnifies the ceding company for the amount of loss in\"},{\"bbox\":[319.2,518.6,717.2,531.7],\"text\":\"excess of a specified retention with respect to an accumulation of\"},{\"bbox\":[319.2,535.3,716.1,548.4],\"text\":\"losses resulting from a catastrophic event. The actual reinsurance\"},{\"bbox\":[319.2,551.9,687.3,565.1],\"text\":\"document is called a ‘‘catastrophe cover.’’ These reinsurance\"},{\"bbox\":[319.2,568.6,718.9,581.7],\"text\":\"contracts are typically designed to cover property insurance losses\"},{\"bbox\":[319.2,585.3,719.6,598.4],\"text\":\"but can be written to cover casualty insurance losses such as from\"},{\"bbox\":[319.2,602.0,510.6,615.1],\"text\":\"workers’ compensation policies.\"}],\"order\":7,\"text\":\"A form of excess of loss reinsurance which, subject to a specified\\nlimit, indemnifies the ceding company for the amount of loss in\\nexcess of a specified retention with respect to an accumulation of\\nlosses resulting from a catastrophic event. The actual reinsurance\\ndocument is called a ‘‘catastrophe cover.’’ These reinsurance\\ncontracts are typically designed to cover property insurance losses\\nbut can be written to cover casualty insurance losses such as from\\nworkers’ compensation policies.\"},{\"bbox\":[102.4,627.0,302.5,640.1],\"lines\":[{\"bbox\":[102.4,627.0,302.5,640.1],\"text\":\"Cede; ceding company . . . . . . .\"}],\"order\":8,\"text\":\"Cede; ceding company . . . . . . .\"},{\"bbox\":[319.2,627.0,704.9,673.4],\"lines\":[{\"bbox\":[319.2,627.0,704.9,640.1],\"text\":\"When an insurer reinsures its liability with another insurer or a\"},{\"bbox\":[319.2,643.6,700.9,656.8],\"text\":\"‘‘cession,’’ it ‘‘cedes’’ business and is referred to as the ‘‘ceding\"},{\"bbox\":[319.2,660.3,383.0,673.4],\"text\":\"company.’’\"}],\"order\":9,\"text\":\"When an insurer reinsures its liability with another insurer or a\\n‘‘cession,’’ it ‘‘cedes’’ business and is referred to as the ‘‘ceding\\ncompany.’’\"},{\"bbox\":[102.4,685.3,302.5,698.4],\"lines\":[{\"bbox\":[102.4,685.3,302.5,698.4],\"text\":\"Ceded reinsurance . . . . . . . . . .\"}],\"order\":10,\"text\":\"Ceded reinsurance . . . . . . . . . .\"},{\"bbox\":[319.2,685.3,727.9,715.1],\"lines\":[{\"bbox\":[319.2,685.3,727.9,698.4],\"text\":\"Insurance risks transferred to another company as reinsurance. See\"},{\"bbox\":[319.2,702.0,410.7,715.1],\"text\":\"‘‘Reinsurance.’’\"}],\"order\":11,\"text\":\"Insurance risks transferred to another company as reinsurance. See\\n‘‘Reinsurance.’’\"},{\"bbox\":[102.4,727.0,302.5,740.1],\"lines\":[{\"bbox\":[102.4,727.0,302.5,740.1],\"text\":\"Claim . . . . . . . . . . . . . . . . . . . .\"}],\"order\":12,\"text\":\"Claim . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[319.2,727.0,733.5,756.8],\"lines\":[{\"bbox\":[319.2,727.0,733.5,740.1],\"text\":\"Request by an insured for indemnification by an insurance company\"},{\"bbox\":[319.2,743.7,556.4,756.8],\"text\":\"for loss incurred from an insured peril.\"}],\"order\":13,\"text\":\"Request by an insured for indemnification by an insurance company\\nfor loss incurred from an insured peril.\"},{\"bbox\":[102.4,768.7,302.5,781.8],\"lines\":[{\"bbox\":[102.4,768.7,302.5,781.8],\"text\":\"Claim adjustment expenses . . . .\"}],\"order\":14,\"text\":\"Claim adjustment expenses . . . .\"},{\"bbox\":[319.2,768.7,563.3,781.8],\"lines\":[{\"bbox\":[319.2,768.7,563.3,781.8],\"text\":\"See ‘‘Loss adjustment expenses (LAE).’’\"}],\"order\":15,\"text\":\"See ‘‘Loss adjustment expenses (LAE).’’\"},{\"bbox\":[102.4,793.7,302.5,823.5],\"lines\":[{\"bbox\":[102.4,793.7,278.1,806.8],\"text\":\"Claims and claim adjustment\"},{\"bbox\":[116.3,810.4,302.5,823.5],\"text\":\"expenses . . . . . . . . . . . . . . . .\"}],\"order\":16,\"text\":\"Claims and claim adjustment\\nexpenses . . . . . . . . . . . . . . . .\"},{\"bbox\":[319.2,810.4,636.4,823.5],\"lines\":[{\"bbox\":[319.2,810.4,636.4,823.5],\"text\":\"See ‘‘Loss’’ and ‘‘Loss adjustment expenses (LAE).’’\"}],\"order\":17,\"text\":\"See ‘‘Loss’’ and ‘‘Loss adjustment expenses (LAE).’’\"},{\"bbox\":[102.4,835.4,302.5,865.2],\"lines\":[{\"bbox\":[102.4,835.4,278.1,848.5],\"text\":\"Claims and claim adjustment\"},{\"bbox\":[116.3,852.1,302.5,865.2],\"text\":\"expense reserves . . . . . . . . . .\"}],\"order\":18,\"text\":\"Claims and claim adjustment\\nexpense reserves . . . . . . . . . .\"},{\"bbox\":[319.2,852.1,443.2,865.2],\"lines\":[{\"bbox\":[319.2,852.1,443.2,865.2],\"text\":\"See ‘‘Loss reserves.’’\"}],\"order\":19,\"text\":\"See ‘‘Loss reserves.’’\"},{\"bbox\":[102.4,877.1,302.5,890.2],\"lines\":[{\"bbox\":[102.4,877.1,302.5,890.2],\"text\":\"Cohort . . . . . . . . . . . . . . . . . . .\"}],\"order\":20,\"text\":\"Cohort . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[319.2,877.1,733.6,940.2],\"lines\":[{\"bbox\":[319.2,877.1,727.8,890.2],\"text\":\"A group of items or individuals that share a particular statistical or\"},{\"bbox\":[319.2,893.8,699.5,906.9],\"text\":\"demographic characteristic. For example, all claims for a given\"},{\"bbox\":[319.2,910.4,733.6,923.5],\"text\":\"product in a given market for a given accident year would represent\"},{\"bbox\":[319.2,927.1,432.2,940.2],\"text\":\"a cohort of claims.\"}],\"order\":21,\"text\":\"A group of items or individuals that share a particular statistical or\\ndemographic characteristic. For example, all claims for a given\\nproduct in a given market for a given accident year would represent\\na cohort of claims.\"},{\"bbox\":[412.3,984.1,426.2,997.2],\"lines\":[{\"bbox\":[412.3,984.1,426.2,997.2],\"text\":\"38\"}],\"order\":22,\"text\":\"38\"}],\"doc\":\"fintabnet:TRV_2010\",\"dpi\":100,\"image_px\":[838,1088],\"layout\":[],\"markdown\":\"Casualty insurance . . . . . . . . . .\\n\\nInsurance which is primarily concerned with the losses caused by\\ninjuries to third persons, i.e., not the insured, and the legal liability\\nimposed on the insured resulting therefrom. It includes, but is not\\nlimited to, employers’ liability, workers’ compensation, public\\nliability, automobile liability, personal liability and aviation liability\\ninsurance. It excludes certain types of losses that by law or custom\\nare considered as being exclusively within the scope of other types\\nof insurance, such as fire or marine.\\n\\nCatastrophe . . . . . . . . . . . . . . .\\n\\nA severe loss, resulting from a variety of events, including, among\\nothers, hurricanes and other windstorms, earthquakes, hail,\\nwildfires, severe winter weather, floods and volcanic eruptions.\\nCatastrophes can also result from a terrorist attack (including those\\ninvolving nuclear, biological, chemical or radiological events),\\nexplosions, infrastructure failures or as a consequence of political\\ninstability. Each catastrophe has unique characteristics and\\ncatastrophes are not predictable as to timing or amount. Their\\neffects are included in net and operating income and claims and\\nclaim adjustment expense reserves upon occurrence. A catastrophe\\nmay result in the payment of reinsurance reinstatement premiums\\nand assessments from various pools.\\n\\nCatastrophe loss . . . . . . . . . . . .\\n\\nLoss and directly identified loss adjustment expenses from\\ncatastrophes.\\n\\nCatastrophe reinsurance . . . . . .\\n\\nA form of excess of loss reinsurance which, subject to a specified\\nlimit, indemnifies the ceding company for the amount of loss in\\nexcess of a specified retention with respect to an accumulation of\\nlosses resulting from a catastrophic event. The actual reinsurance\\ndocument is called a ‘‘catastrophe cover.’’ These reinsurance\\ncontracts are typically designed to cover property insurance losses\\nbut can be written to cover casualty insurance losses such as from\\nworkers’ compensation policies.\\n\\nCede; ceding company . . . . . . .\\n\\nWhen an insurer reinsures its liability with another insurer or a\\n‘‘cession,’’ it ‘‘cedes’’ business and is referred to as the ‘‘ceding\\ncompany.’’\\n\\nCeded reinsurance . . . . . . . . . .\\n\\nInsurance risks transferred to another company as reinsurance. See\\n‘‘Reinsurance.’’\\n\\nClaim . . . . . . . . . . . . . . . . . . . .\\n\\nRequest by an insured for indemnification by an insurance company\\nfor loss incurred from an insured peril.\\n\\nClaim adjustment expenses . . . .\\n\\nSee ‘‘Loss adjustment expenses (LAE).’’\\n\\nClaims and claim adjustment\\nexpenses . . . . . . . . . . . . . . . .\\n\\nSee ‘‘Loss’’ and ‘‘Loss adjustment expenses (LAE).’’\\n\\nClaims and claim adjustment\\nexpense reserves . . . . . . . . . .\\n\\nSee ‘‘Loss reserves.’’\\n\\nCohort . . . . . . . . . . . . . . . . . . .\\n\\nA group of items or individuals that share a particular statistical or\\ndemographic characteristic. For example, all claims for a given\\nproduct in a given market for a given accident year would represent\\na cohort of claims.\\n\\n38\",\"name\":\"fintabnet.TRV_2010_page_50__100dpi_none\",\"page_id\":\"fintabnet.TRV_2010_page_50\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"TRV_2010_page_50\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[102.4,89.9,733.6,940.6],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21],\"cells\":null}],\"text\":\"Casualty insurance . . . . . . . . . .\\n\\nInsurance which is primarily concerned with the losses caused by\\ninjuries to third persons, i.e., not the insured, and the legal liability\\nimposed on the insured resulting therefrom. It includes, but is not\\nlimited to, employers’ liability, workers’ compensation, public\\nliability, automobile liability, personal liability and aviation liability\\ninsurance. It excludes certain types of losses that by law or custom\\nare considered as being exclusively within the scope of other types\\nof insurance, such as fire or marine.\\n\\nCatastrophe . . . . . . . . . . . . . . .\\n\\nA severe loss, resulting from a variety of events, including, among\\nothers, hurricanes and other windstorms, earthquakes, hail,\\nwildfires, severe winter weather, floods and volcanic eruptions.\\nCatastrophes can also result from a terrorist attack (including those\\ninvolving nuclear, biological, chemical or radiological events),\\nexplosions, infrastructure failures or as a consequence of political\\ninstability. Each catastrophe has unique characteristics and\\ncatastrophes are not predictable as to timing or amount. Their\\neffects are included in net and operating income and claims and\\nclaim adjustment expense reserves upon occurrence. A catastrophe\\nmay result in the payment of reinsurance reinstatement premiums\\nand assessments from various pools.\\n\\nCatastrophe loss . . . . . . . . . . . .\\n\\nLoss and directly identified loss adjustment expenses from\\ncatastrophes.\\n\\nCatastrophe reinsurance . . . . . .\\n\\nA form of excess of loss reinsurance which, subject to a specified\\nlimit, indemnifies the ceding company for the amount of loss in\\nexcess of a specified retention with respect to an accumulation of\\nlosses resulting from a catastrophic event. The actual reinsurance\\ndocument is called a ‘‘catastrophe cover.’’ These reinsurance\\ncontracts are typically designed to cover property insurance losses\\nbut can be written to cover casualty insurance losses such as from\\nworkers’ compensation policies.\\n\\nCede; ceding company . . . . . . .\\n\\nWhen an insurer reinsures its liability with another insurer or a\\n‘‘cession,’’ it ‘‘cedes’’ business and is referred to as the ‘‘ceding\\ncompany.’’\\n\\nCeded reinsurance . . . . . . . . . .\\n\\nInsurance risks transferred to another company as reinsurance. See\\n‘‘Reinsurance.’’\\n\\nClaim . . . . . . . . . . . . . . . . . . . .\\n\\nRequest by an insured for indemnification by an insurance company\\nfor loss incurred from an insured peril.\\n\\nClaim adjustment expenses . . . .\\n\\nSee ‘‘Loss adjustment expenses (LAE).’’\\n\\nClaims and claim adjustment\\nexpenses . . . . . . . . . . . . . . . .\\n\\nSee ‘‘Loss’’ and ‘‘Loss adjustment expenses (LAE).’’\\n\\nClaims and claim adjustment\\nexpense reserves . . . . . . . . . .\\n\\nSee ‘‘Loss reserves.’’\\n\\nCohort . . . . . . . . . . . . . . . . . . .\\n\\nA group of items or individuals that share a particular statistical or\\ndemographic characteristic. For example, all claims for a given\\nproduct in a given market for a given accident year would represent\\na cohort of claims.\\n\\n38\"},\"name\":\"fintabnet.TRV_2010_page_50__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":66673,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:TRV_2010\",\"dpi\":100,\"gt_sha256\":\"bbc6cfe35d49eb6cfec1e26d083d0b5f2c5c12007e598714dbcdbfb0a01f01d5\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.TRV_2010_page_50__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.TRV_2010_page_50\",\"pdf_sha256\":\"449e9a6ee40523f4de702f346e4b6ad217548c5d50a098cd0d2115d7c9cc3d67\",\"px\":[838,1088],\"scan\":{\"render\":\"000003fc03fc03f803fc03fc03f803fc03fc03f823fc3be03b8003fc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"TRV_2010_page_50\",\"src\":{\"file_sha256\":\"ed1bec66ca4a2980d4775a02cf7ba7b89594ae4c44e16954c3cd1d5e17fa06c5\",\"render\":\"000003fc03fc03f803fc03fc03f003fc03fc03f823fc3be03bc003fc00000000\",\"text\":\"dc5b57a7f022073c9bf883e31ff99617d174bd029329028d7bfecd73998a5530\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"449e9a6ee40523f4de702f346e4b6ad217548c5d50a098cd0d2115d7c9cc3d67\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/449e9a6ee40523f4de702f346e4b6ad217548c5d50a098cd0d2115d7c9cc3d67.pdf","asset_sha256":"449e9a6ee40523f4de702f346e4b6ad217548c5d50a098cd0d2115d7c9cc3d67","document_id":"fintabnet:TRV_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2010_page_50\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2010_page_79\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:TRV_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[845.4,262.7,1775.4,339.0],\"lines\":[{\"bbox\":[845.4,262.7,1775.4,339.0],\"text\":\"ISSUER PURCHASES OF EQUITY SECURITIES\"}],\"order\":0,\"text\":\"ISSUER PURCHASES OF EQUITY SECURITIES\"},{\"bbox\":[355.2,318.2,2251.9,483.1],\"lines\":[{\"bbox\":[440.4,321.6,2251.9,433.1],\"text\":\"The table below sets forth information regarding repurchases by the Company of its common stock\"},{\"bbox\":[355.2,368.2,880.2,428.4],\"text\":\"during the periods indicated.\"}],\"order\":1,\"text\":\"The table below sets forth information regarding repurchases by the Company of its common stock\\nduring the periods indicated.\"},{\"bbox\":[1318.8,629.5,1592.9,705.1],\"lines\":[{\"bbox\":[1320.1,629.5,1592.9,671.8],\"text\":\"Average price paid\"},{\"bbox\":[1385.2,665.5,1525.1,702.5],\"text\":\"per share\"}],\"order\":2,\"text\":\"Average price paid\\nper share\"},{\"bbox\":[1640.3,542.4,1929.3,718.4],\"lines\":[{\"bbox\":[1669.1,543.4,1905.6,584.2],\"text\":\"Total number of\"},{\"bbox\":[1658.1,576.3,1914.0,617.9],\"text\":\"shares purchased\"},{\"bbox\":[1712.6,611.8,1856.9,649.0],\"text\":\"as part of\"},{\"bbox\":[1641.6,642.4,1925.3,685.1],\"text\":\"publicly announced\"},{\"bbox\":[1645.7,675.9,1918.5,718.2],\"text\":\"plans or programs\"}],\"order\":3,\"text\":\"Total number of\\nshares purchased\\nas part of\\npublicly announced\\nplans or programs\"},{\"bbox\":[1972.7,522.4,2252.1,731.2],\"lines\":[{\"bbox\":[2022.1,524.1,2209.2,563.0],\"text\":\"Approximate\"},{\"bbox\":[2007.5,556.9,2221.2,596.8],\"text\":\"dollar value of\"},{\"bbox\":[1994.9,589.7,2231.2,630.6],\"text\":\"shares that may\"},{\"bbox\":[1987.7,622.8,2235.6,664.1],\"text\":\"yet be purchased\"},{\"bbox\":[2038.9,658.2,2181.9,695.3],\"text\":\"under the\"},{\"bbox\":[1972.7,688.9,2245.4,731.2],\"text\":\"plans or programs\"}],\"order\":4,\"text\":\"Approximate\\ndollar value of\\nshares that may\\nyet be purchased\\nunder the\\nplans or programs\"},{\"bbox\":[345.3,624.0,597.3,665.4],\"lines\":[{\"bbox\":[345.3,624.0,597.3,665.4],\"text\":\"Period Beginning\"}],\"order\":5,\"text\":\"Period Beginning\"},{\"bbox\":[793.7,641.9,1004.2,681.7],\"lines\":[{\"bbox\":[793.7,641.9,1004.2,681.7],\"text\":\"Period Ending\"}],\"order\":6,\"text\":\"Period Ending\"},{\"bbox\":[1072.5,586.4,1272.8,692.3],\"lines\":[{\"bbox\":[1075.2,586.4,1272.8,625.7],\"text\":\"Total number\"},{\"bbox\":[1105.7,621.0,1239.6,657.7],\"text\":\"of shares\"},{\"bbox\":[1096.0,653.9,1246.6,691.4],\"text\":\"purchased\"}],\"order\":7,\"text\":\"Total number\\nof shares\\npurchased\"},{\"bbox\":[338.5,684.7,723.0,839.0],\"lines\":[{\"bbox\":[342.5,684.7,723.0,739.1],\"text\":\"Oct. 1, 2010 . . . . . .\"},{\"bbox\":[340.5,734.6,721.0,789.1],\"text\":\"Nov. 1, 2010 . . . . . .\"},{\"bbox\":[338.5,784.6,719.0,839.0],\"text\":\"Dec. 1, 2010 . . . . . .\"}],\"order\":8,\"text\":\"Oct. 1, 2010 . . . . . .\\nNov. 1, 2010 . . . . . .\\nDec. 1, 2010 . . . . . .\"},{\"bbox\":[767.4,701.8,1021.4,851.0],\"lines\":[{\"bbox\":[779.4,702.1,1021.4,751.0],\"text\":\"Oct. 31, 2010\"},{\"bbox\":[769.4,751.8,1019.4,801.0],\"text\":\"Nov. 30, 2010\"},{\"bbox\":[768.5,801.8,1017.4,851.0],\"text\":\"Dec. 31, 2010\"}],\"order\":9,\"text\":\"Oct. 31, 2010\\nNov. 30, 2010\\nDec. 31, 2010\"},{\"bbox\":[1070.3,713.9,1263.3,860.6],\"lines\":[{\"bbox\":[1095.1,714.7,1263.3,760.7],\"text\":\"5,090,730\"},{\"bbox\":[1072.3,763.9,1261.2,810.6],\"text\":\"13,053,782\"},{\"bbox\":[1070.3,813.8,1259.2,860.6],\"text\":\"11,018,077\"}],\"order\":10,\"text\":\"5,090,730\\n13,053,782\\n11,018,077\"},{\"bbox\":[1390.6,726.7,1510.7,870.5],\"lines\":[{\"bbox\":[1394.6,726.7,1510.7,770.5],\"text\":\"$54.15\"},{\"bbox\":[1413.4,777.5,1508.7,820.5],\"text\":\"55.75\"},{\"bbox\":[1411.4,827.4,1506.7,870.5],\"text\":\"55.26\"}],\"order\":11,\"text\":\"$54.15\\n55.75\\n55.26\"},{\"bbox\":[1681.1,738.3,1874.1,885.0],\"lines\":[{\"bbox\":[1705.9,739.1,1874.1,785.1],\"text\":\"5,078,070\"},{\"bbox\":[1683.1,788.2,1872.0,835.0],\"text\":\"12,853,247\"},{\"bbox\":[1681.1,838.2,1870.0,885.0],\"text\":\"11,017,000\"}],\"order\":12,\"text\":\"5,078,070\\n12,853,247\\n11,017,000\"},{\"bbox\":[1971.5,749.9,2237.4,899.5],\"lines\":[{\"bbox\":[1975.5,749.9,2237.4,799.6],\"text\":\"$2,834,442,543\"},{\"bbox\":[1994.4,800.7,2235.4,849.5],\"text\":\"2,118,138,783\"},{\"bbox\":[1992.4,850.6,2233.4,899.5],\"text\":\"1,509,393,537\"}],\"order\":13,\"text\":\"$2,834,442,543\\n2,118,138,783\\n1,509,393,537\"},{\"bbox\":[1067.6,880.4,1256.6,927.2],\"lines\":[{\"bbox\":[1067.6,880.4,1256.6,927.2],\"text\":\"29,162,589\"}],\"order\":14,\"text\":\"29,162,589\"},{\"bbox\":[1387.9,893.2,1504.0,937.1],\"lines\":[{\"bbox\":[1387.9,893.2,1504.0,937.1],\"text\":\"$55.29\"}],\"order\":15,\"text\":\"$55.29\"},{\"bbox\":[1678.4,904.8,1867.4,951.6],\"lines\":[{\"bbox\":[1678.4,904.8,1867.4,951.6],\"text\":\"28,948,317\"}],\"order\":16,\"text\":\"28,948,317\"},{\"bbox\":[1968.8,916.4,2230.7,966.1],\"lines\":[{\"bbox\":[1968.8,916.4,2230.7,966.1],\"text\":\"$1,509,393,537\"}],\"order\":17,\"text\":\"$1,509,393,537\"},{\"bbox\":[377.5,852.9,716.3,905.7],\"lines\":[{\"bbox\":[377.5,852.9,716.3,905.7],\"text\":\"Total . . . . . . . . . .\"}],\"order\":18,\"text\":\"Total . . . . . . . . . .\"},{\"bbox\":[314.0,949.1,2185.0,1512.0],\"lines\":[{\"bbox\":[415.3,952.4,2175.8,1061.9],\"text\":\"The Company’s board of directors has approved common share repurchase authorizations under\"},{\"bbox\":[330.0,999.1,2137.6,1110.5],\"text\":\"which repurchases may be made from time to time in the open market, pursuant to pre-set trading\"},{\"bbox\":[328.0,1049.0,2178.6,1162.1],\"text\":\"plans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private\"},{\"bbox\":[326.0,1099.0,2125.5,1210.1],\"text\":\"transactions or otherwise. The authorizations do not have a stated expiration date. The timing and\"},{\"bbox\":[324.0,1149.0,2177.0,1262.2],\"text\":\"actual number of shares to be repurchased in the future will depend on a variety of factors, including\"},{\"bbox\":[322.0,1198.9,2171.4,1312.0],\"text\":\"the Company’s financial position, earnings, catastrophe losses, capital requirements of the Company’s\"},{\"bbox\":[320.0,1248.9,2072.5,1358.1],\"text\":\"operating subsidiaries, legal requirements, regulatory constraints, other investment opportunities\"},{\"bbox\":[318.0,1298.9,2170.9,1412.1],\"text\":\"(including mergers and acquisitions), market conditions and other factors. In January 2011, the board\"},{\"bbox\":[316.0,1348.8,2013.2,1455.8],\"text\":\"of directors approved a share repurchase authorization that added an additional $5 billion of\"},{\"bbox\":[314.0,1398.8,1856.7,1499.6],\"text\":\"repurchase capacity to the $1.51 billion of capacity remaining at December 31, 2010.\"}],\"order\":19,\"text\":\"The Company’s board of directors has approved common share repurchase authorizations under\\nwhich repurchases may be made from time to time in the open market, pursuant to pre-set trading\\nplans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private\\ntransactions or otherwise. The authorizations do not have a stated expiration date. The timing and\\nactual number of shares to be repurchased in the future will depend on a variety of factors, including\\nthe Company’s financial position, earnings, catastrophe losses, capital requirements of the Company’s\\noperating subsidiaries, legal requirements, regulatory constraints, other investment opportunities\\n(including mergers and acquisitions), market conditions and other factors. In January 2011, the board\\nof directors approved a share repurchase authorization that added an additional $5 billion of\\nrepurchase capacity to the $1.51 billion of capacity remaining at December 31, 2010.\"},{\"bbox\":[303.1,1473.7,2198.0,1788.2],\"lines\":[{\"bbox\":[394.3,1477.1,2193.0,1588.1],\"text\":\"The Company repurchased 214,272 shares during the three months ended December 31, 2010 that\"},{\"bbox\":[309.0,1523.7,1976.4,1629.5],\"text\":\"were not part of the publicly announced share repurchase authorization. These shares were\"},{\"bbox\":[307.0,1573.7,2194.0,1688.3],\"text\":\"repurchased to cover payroll withholding taxes in connection with the vesting of restricted stock awards\"},{\"bbox\":[305.0,1623.7,2101.8,1734.6],\"text\":\"and exercises of stock options, and shares used by employees to cover the exercise price of certain\"},{\"bbox\":[303.1,1673.6,917.5,1737.4],\"text\":\"stock options that were exercised.\"}],\"order\":20,\"text\":\"The Company repurchased 214,272 shares during the three months ended December 31, 2010 that\\nwere not part of the publicly announced share repurchase authorization. These shares were\\nrepurchased to cover payroll withholding taxes in connection with the vesting of restricted stock awards\\nand exercises of stock options, and shares used by employees to cover the exercise price of certain\\nstock options that were exercised.\"},{\"bbox\":[298.1,1748.6,2071.7,1908.5],\"lines\":[{\"bbox\":[383.3,1751.9,2071.7,1858.5],\"text\":\"Information relating to compensation plans under which the Company’s equity securities are\"},{\"bbox\":[298.1,1798.5,1591.8,1889.4],\"text\":\"authorized for issuance is set forth in Part III—Item 12 of this Report.\"}],\"order\":21,\"text\":\"Information relating to compensation plans under which the Company’s equity securities are\\nauthorized for issuance is set forth in Part III—Item 12 of this Report.\"},{\"bbox\":[1182.2,2949.5,1225.4,2990.4],\"lines\":[{\"bbox\":[1182.2,2949.5,1225.4,2990.4],\"text\":\"67\"}],\"order\":22,\"text\":\"67\"}],\"doc\":\"fintabnet:TRV_2010\",\"dpi\":300,\"image_px\":[2513,3263],\"layout\":[],\"markdown\":\"ISSUER PURCHASES OF EQUITY SECURITIES\\n\\nThe table below sets forth information regarding repurchases by the Company of its common stock\\nduring the periods indicated.\\n\\nAverage price paid\\nper share\\n\\nTotal number of\\nshares purchased\\nas part of\\npublicly announced\\nplans or programs\\n\\nApproximate\\ndollar value of\\nshares that may\\nyet be purchased\\nunder the\\nplans or programs\\n\\nPeriod Beginning\\n\\nPeriod Ending\\n\\nTotal number\\nof shares\\npurchased\\n\\nOct. 1, 2010 . . . . . .\\nNov. 1, 2010 . . . . . .\\nDec. 1, 2010 . . . . . .\\n\\nOct. 31, 2010\\nNov. 30, 2010\\nDec. 31, 2010\\n\\n5,090,730\\n13,053,782\\n11,018,077\\n\\n$54.15\\n55.75\\n55.26\\n\\n5,078,070\\n12,853,247\\n11,017,000\\n\\n$2,834,442,543\\n2,118,138,783\\n1,509,393,537\\n\\n29,162,589\\n\\n$55.29\\n\\n28,948,317\\n\\n$1,509,393,537\\n\\nTotal . . . . . . . . . .\\n\\nThe Company’s board of directors has approved common share repurchase authorizations under\\nwhich repurchases may be made from time to time in the open market, pursuant to pre-set trading\\nplans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private\\ntransactions or otherwise. The authorizations do not have a stated expiration date. The timing and\\nactual number of shares to be repurchased in the future will depend on a variety of factors, including\\nthe Company’s financial position, earnings, catastrophe losses, capital requirements of the Company’s\\noperating subsidiaries, legal requirements, regulatory constraints, other investment opportunities\\n(including mergers and acquisitions), market conditions and other factors. In January 2011, the board\\nof directors approved a share repurchase authorization that added an additional $5 billion of\\nrepurchase capacity to the $1.51 billion of capacity remaining at December 31, 2010.\\n\\nThe Company repurchased 214,272 shares during the three months ended December 31, 2010 that\\nwere not part of the publicly announced share repurchase authorization. These shares were\\nrepurchased to cover payroll withholding taxes in connection with the vesting of restricted stock awards\\nand exercises of stock options, and shares used by employees to cover the exercise price of certain\\nstock options that were exercised.\\n\\nInformation relating to compensation plans under which the Company’s equity securities are\\nauthorized for issuance is set forth in Part III—Item 12 of this Report.\\n\\n67\",\"name\":\"fintabnet.TRV_2010_page_79__300dpi_heavy\",\"page_id\":\"fintabnet.TRV_2010_page_79\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.286,\"source\":\"fintabnet\",\"source_id\":\"TRV_2010_page_79\",\"stack\":[{\"deg\":-2.286,\"op\":\"skew\"},{\"amp\":0.211,\"angle\":8.9,\"blob\":0.681,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":7.414,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":14.851},{\"gain\":0.591,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":44}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[335.8,449.6,2252.4,967.3],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18],\"cells\":null}],\"text\":\"ISSUER PURCHASES OF EQUITY SECURITIES\\n\\nThe table below sets forth information regarding repurchases by the Company of its common stock\\nduring the periods indicated.\\n\\nAverage price paid\\nper share\\n\\nTotal number of\\nshares purchased\\nas part of\\npublicly announced\\nplans or programs\\n\\nApproximate\\ndollar value of\\nshares that may\\nyet be purchased\\nunder the\\nplans or programs\\n\\nPeriod Beginning\\n\\nPeriod Ending\\n\\nTotal number\\nof shares\\npurchased\\n\\nOct. 1, 2010 . . . . . .\\nNov. 1, 2010 . . . . . .\\nDec. 1, 2010 . . . . . .\\n\\nOct. 31, 2010\\nNov. 30, 2010\\nDec. 31, 2010\\n\\n5,090,730\\n13,053,782\\n11,018,077\\n\\n$54.15\\n55.75\\n55.26\\n\\n5,078,070\\n12,853,247\\n11,017,000\\n\\n$2,834,442,543\\n2,118,138,783\\n1,509,393,537\\n\\n29,162,589\\n\\n$55.29\\n\\n28,948,317\\n\\n$1,509,393,537\\n\\nTotal . . . . . . . . . .\\n\\nThe Company’s board of directors has approved common share repurchase authorizations under\\nwhich repurchases may be made from time to time in the open market, pursuant to pre-set trading\\nplans meeting the requirements of Rule 10b5-1 under the Securities Exchange Act of 1934, in private\\ntransactions or otherwise. The authorizations do not have a stated expiration date. The timing and\\nactual number of shares to be repurchased in the future will depend on a variety of factors, including\\nthe Company’s financial position, earnings, catastrophe losses, capital requirements of the Company’s\\noperating subsidiaries, legal requirements, regulatory constraints, other investment opportunities\\n(including mergers and acquisitions), market conditions and other factors. In January 2011, the board\\nof directors approved a share repurchase authorization that added an additional $5 billion of\\nrepurchase capacity to the $1.51 billion of capacity remaining at December 31, 2010.\\n\\nThe Company repurchased 214,272 shares during the three months ended December 31, 2010 that\\nwere not part of the publicly announced share repurchase authorization. These shares were\\nrepurchased to cover payroll withholding taxes in connection with the vesting of restricted stock awards\\nand exercises of stock options, and shares used by employees to cover the exercise price of certain\\nstock options that were exercised.\\n\\nInformation relating to compensation plans under which the Company’s equity securities are\\nauthorized for issuance is set forth in Part III—Item 12 of this Report.\\n\\n67\"},\"name\":\"fintabnet.TRV_2010_page_79__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":624812,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:TRV_2010\",\"dpi\":300,\"gt_sha256\":\"19a94fa6bcac784204bb9d17ad251e774a5f8d9200cb3158b7245115466c74cc\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.TRV_2010_page_79__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.TRV_2010_page_79\",\"pdf_sha256\":\"0177c01683caff77b1f9ce81d5f23670032d60252e3b53ca87fb2e7a33afc194\",\"px\":[2513,3263],\"scan\":{\"render\":\"000307f30017375f01173ffd3ffd3ffd3fff000f0007000f001f001f003f003f\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"TRV_2010_page_79\",\"src\":{\"file_sha256\":\"b396d17655ff35f87531e72bf1a5a7d2dee35eb7bb7a0f1ce7372754c982562a\",\"render\":\"000007e0003c3ffc3ffc3ffc3ffc3ffc3ff80000000000000000000000000000\",\"text\":\"0325f13a133c1cec868d2bbf0d2bf7772d87109fa46883ac191b1fde4653024c\"},\"stack\":[{\"deg\":-2.286,\"op\":\"skew\"},{\"amp\":0.211,\"angle\":8.9,\"blob\":0.681,\"op\":\"illumination\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":7.414,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":14.851},{\"gain\":0.591,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":44}],\"tools\":\"21647cade0ee\"},\"sha256\":\"0177c01683caff77b1f9ce81d5f23670032d60252e3b53ca87fb2e7a33afc194\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/0177c01683caff77b1f9ce81d5f23670032d60252e3b53ca87fb2e7a33afc194.pdf","asset_sha256":"0177c01683caff77b1f9ce81d5f23670032d60252e3b53ca87fb2e7a33afc194","document_id":"fintabnet:TRV_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"TRV_2010_page_79\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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As our business continues to grow, we may\"},{\"bbox\":[76.4,166.3,377.9,186.2],\"text\":\"consider additional funding sources to meet our liquidity and capital needs.\"}],\"order\":1,\"text\":\"We believe that our cash and cash equivalents on hand, cash from operations and borrowings available to us\\nunder our revolving credit and subordinated debt facilities will be adequate to meet our liquidity needs and\\ncapital expenditure requirements for at least the next twelve months. As our business continues to grow, we may\\nconsider additional funding sources to meet our liquidity and capital needs.\"},{\"bbox\":[75.4,193.8,124.8,204.6],\"lines\":[{\"bbox\":[75.4,193.8,124.8,204.6],\"text\":\"Cash Flows\"}],\"order\":2,\"text\":\"Cash Flows\"},{\"bbox\":[74.4,210.9,512.9,247.6],\"lines\":[{\"bbox\":[94.8,211.6,512.9,235.6],\"text\":\"The following table presents the major components of net cash flows used in and provided by operating,\"},{\"bbox\":[74.4,222.9,303.5,240.2],\"text\":\"investing and financing activities for the years presented:\"}],\"order\":3,\"text\":\"The following table presents the major components of net cash flows used in and provided by operating,\\ninvesting and financing activities for the years presented:\"},{\"bbox\":[381.5,253.5,499.8,276.9],\"lines\":[{\"bbox\":[395.8,254.0,485.8,264.5],\"text\":\"Year Ended December 31,\"},{\"bbox\":[381.5,265.5,397.7,273.3],\"text\":\"2007\"},{\"bbox\":[432.3,267.3,448.5,275.1],\"text\":\"2006\"},{\"bbox\":[483.1,269.2,499.3,276.9],\"text\":\"2005\"}],\"order\":4,\"text\":\"Year Ended December 31,\\n2007\\n2006\\n2005\"},{\"bbox\":[93.3,255.3,142.2,264.3],\"lines\":[{\"bbox\":[93.3,255.3,142.2,264.3],\"text\":\"(In thousands)\"}],\"order\":5,\"text\":\"(In thousands)\"},{\"bbox\":[90.6,269.9,356.3,348.4],\"lines\":[{\"bbox\":[92.7,269.9,218.9,283.5],\"text\":\"Net cash (used in) provided by:\"},{\"bbox\":[112.3,282.6,355.9,300.4],\"text\":\"Operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[111.8,294.6,355.5,312.4],\"text\":\"Investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[111.4,306.6,355.0,324.4],\"text\":\"Financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[111.0,318.6,309.2,334.8],\"text\":\"Effect of exchange rate changes on cash and cash\"},{\"bbox\":[120.6,330.9,354.2,348.4],\"text\":\"equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":6,\"text\":\"Net cash (used in) provided by:\\nOperating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInvesting activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFinancing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEffect of exchange rate changes on cash and cash\\nequivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[90.0,345.8,353.6,364.4],\"lines\":[{\"bbox\":[90.0,345.8,353.6,364.4],\"text\":\"Net (decrease) increase in cash and cash equivalents . . . . . . . . . .\"}],\"order\":7,\"text\":\"Net (decrease) increase in cash and cash equivalents . . . . . . . . . .\"},{\"bbox\":[369.7,291.8,410.0,326.3],\"lines\":[{\"bbox\":[370.6,291.8,410.0,302.3],\"text\":\"$(14,628)\"},{\"bbox\":[375.1,303.9,409.6,314.3],\"text\":\"(34,084)\"},{\"bbox\":[378.0,316.1,405.9,326.2],\"text\":\"18,148\"}],\"order\":8,\"text\":\"$(14,628)\\n(34,084)\\n18,148\"},{\"bbox\":[420.5,293.6,460.8,328.1],\"lines\":[{\"bbox\":[421.4,293.6,457.5,304.0],\"text\":\"$ 10,701\"},{\"bbox\":[425.9,305.7,460.4,316.1],\"text\":\"(15,115)\"},{\"bbox\":[428.9,317.9,456.7,328.0],\"text\":\"12,579\"}],\"order\":9,\"text\":\"$ 10,701\\n(15,115)\\n12,579\"},{\"bbox\":[471.3,295.4,511.6,329.9],\"lines\":[{\"bbox\":[472.2,295.4,508.3,305.8],\"text\":\"$ 15,795\"},{\"bbox\":[476.8,307.6,511.2,317.9],\"text\":\"(10,833)\"},{\"bbox\":[479.7,319.7,507.5,329.8],\"text\":\"56,989\"}],\"order\":10,\"text\":\"$ 15,795\\n(10,833)\\n56,989\"},{\"bbox\":[389.7,340.5,405.0,350.2],\"lines\":[{\"bbox\":[389.7,340.5,405.0,350.2],\"text\":\"497\"}],\"order\":11,\"text\":\"497\"},{\"bbox\":[437.2,342.2,459.1,352.1],\"lines\":[{\"bbox\":[437.2,342.2,459.1,352.1],\"text\":\"(487)\"}],\"order\":12,\"text\":\"(487)\"},{\"bbox\":[493.0,344.2,509.9,353.9],\"lines\":[{\"bbox\":[493.0,344.2,509.9,353.9],\"text\":\"(59)\"}],\"order\":13,\"text\":\"(59)\"},{\"bbox\":[368.3,355.7,407.7,366.3],\"lines\":[{\"bbox\":[368.3,355.7,407.7,366.3],\"text\":\"$(30,067)\"}],\"order\":14,\"text\":\"$(30,067)\"},{\"bbox\":[419.1,357.5,455.3,368.0],\"lines\":[{\"bbox\":[419.1,357.5,455.3,368.0],\"text\":\"$ 7,678\"}],\"order\":15,\"text\":\"$ 7,678\"},{\"bbox\":[469.9,359.3,506.1,369.8],\"lines\":[{\"bbox\":[469.9,359.3,506.1,369.8],\"text\":\"$ 61,892\"}],\"order\":16,\"text\":\"$ 61,892\"},{\"bbox\":[68.8,378.6,150.0,390.5],\"lines\":[{\"bbox\":[68.8,378.6,150.0,390.5],\"text\":\"Operating Activities\"}],\"order\":17,\"text\":\"Operating Activities\"},{\"bbox\":[66.1,395.7,513.7,480.6],\"lines\":[{\"bbox\":[88.2,396.4,505.2,420.4],\"text\":\"Operating activities consist primarily of net income adjusted for certain non-cash items. Non-cash items\"},{\"bbox\":[67.8,407.7,501.1,432.2],\"text\":\"include depreciation and amortization, unrealized foreign currency transaction gains and losses, stock-based\"},{\"bbox\":[67.4,419.7,494.8,444.0],\"text\":\"compensation, deferred income taxes and changes in reserves for doubtful accounts, returns, discounts and\"},{\"bbox\":[66.9,431.7,501.6,456.3],\"text\":\"inventories. In addition, operating cash flows include the effect of changes in operating assets and liabilities,\"},{\"bbox\":[66.5,443.7,512.0,468.6],\"text\":\"principally accounts receivable, inventories, accounts payable, accrued expenses and income taxes payable and\"},{\"bbox\":[66.1,455.7,110.0,466.4],\"text\":\"receivable.\"}],\"order\":18,\"text\":\"Operating activities consist primarily of net income adjusted for certain non-cash items. Non-cash items\\ninclude depreciation and amortization, unrealized foreign currency transaction gains and losses, stock-based\\ncompensation, deferred income taxes and changes in reserves for doubtful accounts, returns, discounts and\\ninventories. In addition, operating cash flows include the effect of changes in operating assets and liabilities,\\nprincipally accounts receivable, inventories, accounts payable, accrued expenses and income taxes payable and\\nreceivable.\"},{\"bbox\":[63.2,478.0,519.5,563.2],\"lines\":[{\"bbox\":[85.3,478.7,519.0,503.2],\"text\":\"Cash used in operating activities was $14.6 million for the year ended December 31, 2007 compared to cash\"},{\"bbox\":[64.9,489.9,506.4,514.8],\"text\":\"provided by operating activities of $10.7 million during the same period in 2006. The $25.3 million additional\"},{\"bbox\":[64.4,501.9,512.6,527.0],\"text\":\"net use of cash in operating activities was due to increased cash outflows from operating assets and liabilities of\"},{\"bbox\":[64.0,513.9,517.1,539.2],\"text\":\"$45.6 million, partially offset by increased non-cash items of $6.7 million and an increase in net income of $13.6\"},{\"bbox\":[63.6,525.9,517.8,551.2],\"text\":\"million year-over-year. The increase in cash outflows related to changes in operating assets and liabilities period-\"},{\"bbox\":[63.2,537.9,254.2,553.8],\"text\":\"over-period was primarily due to the following:\"}],\"order\":19,\"text\":\"Cash used in operating activities was $14.6 million for the year ended December 31, 2007 compared to cash\\nprovided by operating activities of $10.7 million during the same period in 2006. The $25.3 million additional\\nnet use of cash in operating activities was due to increased cash outflows from operating assets and liabilities of\\n$45.6 million, partially offset by increased non-cash items of $6.7 million and an increase in net income of $13.6\\nmillion year-over-year. The increase in cash outflows related to changes in operating assets and liabilities period-\\nover-period was primarily due to the following:\"},{\"bbox\":[87.5,555.9,91.4,565.2],\"lines\":[{\"bbox\":[87.5,555.9,91.4,565.2],\"text\":\"•\"}],\"order\":20,\"text\":\"•\"},{\"bbox\":[101.3,556.5,511.6,616.1],\"lines\":[{\"bbox\":[102.5,556.5,480.8,579.1],\"text\":\"a larger increase in inventory levels of $57.5 million, primarily due to our planned strategy for\"},{\"bbox\":[102.1,568.5,511.1,592.1],\"text\":\"additional core inventory needed to support the anticipated consumer demand for our products, higher\"},{\"bbox\":[101.7,580.5,494.1,603.5],\"text\":\"average cost per unit due to product mix and increased in-transit inventory as a result of increased\"},{\"bbox\":[101.3,592.5,181.6,604.4],\"text\":\"sourcing from Asia;\"}],\"order\":21,\"text\":\"a larger increase in inventory levels of $57.5 million, primarily due to our planned strategy for\\nadditional core inventory needed to support the anticipated consumer demand for our products, higher\\naverage cost per unit due to product mix and increased in-transit inventory as a result of increased\\nsourcing from Asia;\"},{\"bbox\":[85.7,609.1,89.5,618.3],\"lines\":[{\"bbox\":[85.7,609.1,89.5,618.3],\"text\":\"•\"}],\"order\":22,\"text\":\"•\"},{\"bbox\":[100.2,609.6,488.0,644.5],\"lines\":[{\"bbox\":[100.6,609.6,488.0,632.5],\"text\":\"increased accounts receivable driven by a 29.0% increase in net sales for the three months ended\"},{\"bbox\":[100.2,621.6,441.2,642.8],\"text\":\"December 31, 2007 compared to the same period of the prior year; partially offset by\"}],\"order\":23,\"text\":\"increased accounts receivable driven by a 29.0% increase in net sales for the three months ended\\nDecember 31, 2007 compared to the same period of the prior year; partially offset by\"},{\"bbox\":[84.6,638.2,88.4,647.5],\"lines\":[{\"bbox\":[84.6,638.2,88.4,647.5],\"text\":\"•\"}],\"order\":24,\"text\":\"•\"},{\"bbox\":[99.6,638.7,331.5,656.1],\"lines\":[{\"bbox\":[99.6,638.7,331.5,656.1],\"text\":\"lower income taxes receivable in 2007 compared to 2006.\"}],\"order\":25,\"text\":\"lower income taxes receivable in 2007 compared to 2006.\"},{\"bbox\":[58.4,659.6,505.8,696.6],\"lines\":[{\"bbox\":[78.8,660.3,493.0,684.2],\"text\":\"Non-cash items primarily increased in 2007 as a result of higher depreciation and amortization expense\"},{\"bbox\":[58.4,671.6,505.4,696.6],\"text\":\"relating to the expansion of our distribution and corporate facilities and our footwear promotional rights, higher\"}],\"order\":26,\"text\":\"Non-cash items primarily increased in 2007 as a result of higher depreciation and amortization expense\\nrelating to the expansion of our distribution and corporate facilities and our footwear promotional rights, higher\"},{\"bbox\":[280.4,703.6,290.7,713.1],\"lines\":[{\"bbox\":[280.4,703.6,290.7,713.1],\"text\":\"35\"}],\"order\":27,\"text\":\"35\"}],\"doc\":\"fintabnet:UA_2007\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"included being in stock in core product offerings, which are products that we plan to have available for sale over\\nthe next twelve months and beyond at full price. In addition, our inventory strategy included shipping seasonal\\nproduct at the start of the shipping window in order to maximize the productivity of our floor sets and\\nearmarking any seasonal excess for our retail outlet stores. In 2008, we plan to continue to focus on meeting\\nconsumer demand while improving our inventory efficiency.\\n\\nWe believe that our cash and cash equivalents on hand, cash from operations and borrowings available to us\\nunder our revolving credit and subordinated debt facilities will be adequate to meet our liquidity needs and\\ncapital expenditure requirements for at least the next twelve months. As our business continues to grow, we may\\nconsider additional funding sources to meet our liquidity and capital needs.\\n\\nCash Flows\\n\\nThe following table presents the major components of net cash flows used in and provided by operating,\\ninvesting and financing activities for the years presented:\\n\\nYear Ended December 31,\\n2007\\n2006\\n2005\\n\\n(In thousands)\\n\\nNet cash (used in) provided by:\\nOperating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInvesting activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFinancing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEffect of exchange rate changes on cash and cash\\nequivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nNet (decrease) increase in cash and cash equivalents . . . . . . . . . .\\n\\n$(14,628)\\n(34,084)\\n18,148\\n\\n$ 10,701\\n(15,115)\\n12,579\\n\\n$ 15,795\\n(10,833)\\n56,989\\n\\n497\\n\\n(487)\\n\\n(59)\\n\\n$(30,067)\\n\\n$ 7,678\\n\\n$ 61,892\\n\\nOperating Activities\\n\\nOperating activities consist primarily of net income adjusted for certain non-cash items. Non-cash items\\ninclude depreciation and amortization, unrealized foreign currency transaction gains and losses, stock-based\\ncompensation, deferred income taxes and changes in reserves for doubtful accounts, returns, discounts and\\ninventories. In addition, operating cash flows include the effect of changes in operating assets and liabilities,\\nprincipally accounts receivable, inventories, accounts payable, accrued expenses and income taxes payable and\\nreceivable.\\n\\nCash used in operating activities was $14.6 million for the year ended December 31, 2007 compared to cash\\nprovided by operating activities of $10.7 million during the same period in 2006. The $25.3 million additional\\nnet use of cash in operating activities was due to increased cash outflows from operating assets and liabilities of\\n$45.6 million, partially offset by increased non-cash items of $6.7 million and an increase in net income of $13.6\\nmillion year-over-year. The increase in cash outflows related to changes in operating assets and liabilities period-\\nover-period was primarily due to the following:\\n\\n•\\n\\na larger increase in inventory levels of $57.5 million, primarily due to our planned strategy for\\nadditional core inventory needed to support the anticipated consumer demand for our products, higher\\naverage cost per unit due to product mix and increased in-transit inventory as a result of increased\\nsourcing from Asia;\\n\\n•\\n\\nincreased accounts receivable driven by a 29.0% increase in net sales for the three months ended\\nDecember 31, 2007 compared to the same period of the prior year; partially offset by\\n\\n•\\n\\nlower income taxes receivable in 2007 compared to 2006.\\n\\nNon-cash items primarily increased in 2007 as a result of higher depreciation and amortization expense\\nrelating to the expansion of our distribution and corporate facilities and our footwear promotional rights, higher\\n\\n35\",\"name\":\"fintabnet.UA_2007_page_45__72dpi_heavy\",\"page_id\":\"fintabnet.UA_2007_page_45\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.035,\"source\":\"fintabnet\",\"source_id\":\"UA_2007_page_45\",\"stack\":[{\"deg\":-2.035,\"op\":\"skew\"},{\"amp\":0.34,\"angle\":107.4,\"blob\":0.644,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.1},{\"op\":\"noise\",\"sigma\":11.87},{\"bias\":0.089,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":29}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[90.0,241.5,513.1,369.9],\"block_orders\":[4,5,6,7,8,9,10,11,12,13,14,15,16],\"cells\":null}],\"text\":\"included being in stock in core product offerings, which are products that we plan to have available for sale over\\nthe next twelve months and beyond at full price. In addition, our inventory strategy included shipping seasonal\\nproduct at the start of the shipping window in order to maximize the productivity of our floor sets and\\nearmarking any seasonal excess for our retail outlet stores. In 2008, we plan to continue to focus on meeting\\nconsumer demand while improving our inventory efficiency.\\n\\nWe believe that our cash and cash equivalents on hand, cash from operations and borrowings available to us\\nunder our revolving credit and subordinated debt facilities will be adequate to meet our liquidity needs and\\ncapital expenditure requirements for at least the next twelve months. As our business continues to grow, we may\\nconsider additional funding sources to meet our liquidity and capital needs.\\n\\nCash Flows\\n\\nThe following table presents the major components of net cash flows used in and provided by operating,\\ninvesting and financing activities for the years presented:\\n\\nYear Ended December 31,\\n2007\\n2006\\n2005\\n\\n(In thousands)\\n\\nNet cash (used in) provided by:\\nOperating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInvesting activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFinancing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEffect of exchange rate changes on cash and cash\\nequivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nNet (decrease) increase in cash and cash equivalents . . . . . . . . . .\\n\\n$(14,628)\\n(34,084)\\n18,148\\n\\n$ 10,701\\n(15,115)\\n12,579\\n\\n$ 15,795\\n(10,833)\\n56,989\\n\\n497\\n\\n(487)\\n\\n(59)\\n\\n$(30,067)\\n\\n$ 7,678\\n\\n$ 61,892\\n\\nOperating Activities\\n\\nOperating activities consist primarily of net income adjusted for certain non-cash items. Non-cash items\\ninclude depreciation and amortization, unrealized foreign currency transaction gains and losses, stock-based\\ncompensation, deferred income taxes and changes in reserves for doubtful accounts, returns, discounts and\\ninventories. In addition, operating cash flows include the effect of changes in operating assets and liabilities,\\nprincipally accounts receivable, inventories, accounts payable, accrued expenses and income taxes payable and\\nreceivable.\\n\\nCash used in operating activities was $14.6 million for the year ended December 31, 2007 compared to cash\\nprovided by operating activities of $10.7 million during the same period in 2006. The $25.3 million additional\\nnet use of cash in operating activities was due to increased cash outflows from operating assets and liabilities of\\n$45.6 million, partially offset by increased non-cash items of $6.7 million and an increase in net income of $13.6\\nmillion year-over-year. The increase in cash outflows related to changes in operating assets and liabilities period-\\nover-period was primarily due to the following:\\n\\n•\\n\\na larger increase in inventory levels of $57.5 million, primarily due to our planned strategy for\\nadditional core inventory needed to support the anticipated consumer demand for our products, higher\\naverage cost per unit due to product mix and increased in-transit inventory as a result of increased\\nsourcing from Asia;\\n\\n•\\n\\nincreased accounts receivable driven by a 29.0% increase in net sales for the three months ended\\nDecember 31, 2007 compared to the same period of the prior year; partially offset by\\n\\n•\\n\\nlower income taxes receivable in 2007 compared to 2006.\\n\\nNon-cash items primarily increased in 2007 as a result of higher depreciation and amortization expense\\nrelating to the expansion of our distribution and corporate facilities and our footwear promotional rights, higher\\n\\n35\"},\"name\":\"fintabnet.UA_2007_page_45__72dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":28961,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:UA_2007\",\"dpi\":72,\"gt_sha256\":\"753f4d0674856a3144d577a2c845f705ea25065b2bc90b6ff55a7f522ea8262a\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.UA_2007_page_45__72dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.UA_2007_page_45\",\"pdf_sha256\":\"103ac6ac62283fde5ac8046230bb928102fb9cb0e8e29bf4f929843849f57c41\",\"px\":[594,774],\"scan\":{\"render\":\"00003ffc3ff83ffc3f0010181924102c3ff83ffc3ffc3ffc1ff81fc000380000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"UA_2007_page_45\",\"src\":{\"file_sha256\":\"c498edf625c77d93b723fb7bff24ff62685ab061f925a440bd04f23139a663c1\",\"render\":\"00003ffc3ff83ff83f00103c1824103c3ffc3ff83ffc3ffc1ff81ff000000000\",\"text\":\"b758950fc52f6e1dd3a1940b16615a4922b474ccc1ef27f81dec25f76daeb418\"},\"stack\":[{\"deg\":-2.035,\"op\":\"skew\"},{\"amp\":0.34,\"angle\":107.4,\"blob\":0.644,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.1},{\"op\":\"noise\",\"sigma\":11.87},{\"bias\":0.089,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":29}],\"tools\":\"21647cade0ee\"},\"sha256\":\"103ac6ac62283fde5ac8046230bb928102fb9cb0e8e29bf4f929843849f57c41\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/103ac6ac62283fde5ac8046230bb928102fb9cb0e8e29bf4f929843849f57c41.pdf","asset_sha256":"103ac6ac62283fde5ac8046230bb928102fb9cb0e8e29bf4f929843849f57c41","document_id":"fintabnet:UA_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UA_2007_page_45\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UA_2007_page_78\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:UA_2007\",\"ground_truth\":{\"blocks\":[{\"bbox\":[116.1,80.3,371.1,104.6],\"lines\":[{\"bbox\":[116.1,80.3,371.1,104.6],\"text\":\"16. Segment Data and Related Information\"}],\"order\":0,\"text\":\"16. Segment Data and Related Information\"},{\"bbox\":[108.8,105.2,746.2,280.4],\"lines\":[{\"bbox\":[142.7,106.5,730.1,146.4],\"text\":\"Operating segments are defined as components of an enterprise in which separate financial information is\"},{\"bbox\":[114.2,121.9,705.8,162.0],\"text\":\"available and is evaluated regularly by the chief operating decision maker in assessing performance and in\"},{\"bbox\":[113.4,138.5,715.7,179.1],\"text\":\"deciding how to allocate resources. The Company operates exclusively in the consumer products industry in\"},{\"bbox\":[112.6,155.2,732.9,196.6],\"text\":\"which the Company develops, markets, and distributes branded performance apparel, footwear and accessories.\"},{\"bbox\":[111.8,171.8,703.9,212.0],\"text\":\"Based on the nature of the financial information that is received by the chief operating decision maker, the\"},{\"bbox\":[111.1,188.5,732.7,230.0],\"text\":\"Company operates within one operating and reportable segment in accordance with SFAS No. 131, Disclosures\"},{\"bbox\":[110.3,205.1,741.6,247.1],\"text\":\"about Segments of an Enterprise and Related Information. Although the Company operates within one reportable\"},{\"bbox\":[109.5,221.8,735.5,263.5],\"text\":\"segment, it has several product categories for which the net revenues attributable to each product category are as\"},{\"bbox\":[108.8,238.4,154.8,253.3],\"text\":\"follows:\"}],\"order\":1,\"text\":\"Operating segments are defined as components of an enterprise in which separate financial information is\\navailable and is evaluated regularly by the chief operating decision maker in assessing performance and in\\ndeciding how to allocate resources. The Company operates exclusively in the consumer products industry in\\nwhich the Company develops, markets, and distributes branded performance apparel, footwear and accessories.\\nBased on the nature of the financial information that is received by the chief operating decision maker, the\\nCompany operates within one operating and reportable segment in accordance with SFAS No. 131, Disclosures\\nabout Segments of an Enterprise and Related Information. Although the Company operates within one reportable\\nsegment, it has several product categories for which the net revenues attributable to each product category are as\\nfollows:\"},{\"bbox\":[501.1,286.4,670.2,320.9],\"lines\":[{\"bbox\":[523.5,287.4,648.6,303.2],\"text\":\"Year Ended December 31,\"},{\"bbox\":[501.1,303.0,523.8,314.1],\"text\":\"2007\"},{\"bbox\":[573.9,306.4,596.6,317.5],\"text\":\"2006\"},{\"bbox\":[646.8,309.8,669.4,320.9],\"text\":\"2005\"}],\"order\":2,\"text\":\"Year Ended December 31,\\n2007\\n2006\\n2005\"},{\"bbox\":[162.2,287.3,230.2,300.5],\"lines\":[{\"bbox\":[162.2,287.3,230.2,300.5],\"text\":\"(In thousands)\"}],\"order\":3,\"text\":\"(In thousands)\"},{\"bbox\":[159.6,307.6,464.9,367.7],\"lines\":[{\"bbox\":[161.2,307.6,464.9,334.4],\"text\":\"Men’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[160.4,324.3,464.1,351.0],\"text\":\"Women’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[159.6,340.9,463.4,367.7],\"text\":\"Youth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Men’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWomen’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nYouth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[483.6,322.6,537.7,371.0],\"lines\":[{\"bbox\":[485.1,322.6,537.7,337.7],\"text\":\"$348,150\"},{\"bbox\":[491.3,339.6,537.0,354.4],\"text\":\"115,867\"},{\"bbox\":[497.5,356.6,536.2,371.0],\"text\":\"48,596\"}],\"order\":5,\"text\":\"$348,150\\n115,867\\n48,596\"},{\"bbox\":[556.4,326.0,610.6,374.4],\"lines\":[{\"bbox\":[558.0,326.0,610.6,341.1],\"text\":\"$255,681\"},{\"bbox\":[571.1,343.3,609.8,357.8],\"text\":\"85,695\"},{\"bbox\":[570.3,359.9,609.0,374.4],\"text\":\"31,845\"}],\"order\":6,\"text\":\"$255,681\\n85,695\\n31,845\"},{\"bbox\":[629.3,329.4,683.4,377.8],\"lines\":[{\"bbox\":[630.8,329.4,683.4,344.5],\"text\":\"$189,596\"},{\"bbox\":[643.9,346.7,682.7,361.1],\"text\":\"53,500\"},{\"bbox\":[643.1,363.3,681.9,377.8],\"text\":\"18,784\"}],\"order\":7,\"text\":\"$189,596\\n53,500\\n18,784\"},{\"bbox\":[157.1,363.1,462.3,423.2],\"lines\":[{\"bbox\":[186.3,364.4,462.3,389.9],\"text\":\"Apparel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[157.8,379.8,461.6,406.5],\"text\":\"Footwear . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[157.1,396.4,460.8,423.2],\"text\":\"Accessories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":8,\"text\":\"Apparel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFootwear . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccessories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[488.0,378.4,535.2,426.5],\"lines\":[{\"bbox\":[489.5,378.4,535.2,393.2],\"text\":\"512,613\"},{\"bbox\":[495.7,395.4,534.4,409.9],\"text\":\"40,878\"},{\"bbox\":[494.9,412.1,533.6,426.5],\"text\":\"29,054\"}],\"order\":9,\"text\":\"512,613\\n40,878\\n29,054\"},{\"bbox\":[560.8,381.8,608.0,429.9],\"lines\":[{\"bbox\":[562.3,381.8,608.0,396.6],\"text\":\"373,221\"},{\"bbox\":[568.5,398.8,607.2,413.3],\"text\":\"26,874\"},{\"bbox\":[567.7,415.4,606.5,429.9],\"text\":\"14,897\"}],\"order\":10,\"text\":\"373,221\\n26,874\\n14,897\"},{\"bbox\":[633.6,385.2,680.9,433.3],\"lines\":[{\"bbox\":[635.2,385.2,680.9,400.0],\"text\":\"261,880\"},{\"bbox\":[658.7,403.0,673.1,416.3],\"text\":\"—\"},{\"bbox\":[647.5,419.1,679.3,433.3],\"text\":\"9,409\"}],\"order\":11,\"text\":\"261,880\\n—\\n9,409\"},{\"bbox\":[155.3,418.6,459.8,462.0],\"lines\":[{\"bbox\":[183.8,419.9,459.8,445.4],\"text\":\"Total net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[155.3,435.2,459.0,462.0],\"text\":\"License revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":12,\"text\":\"Total net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLicense revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[486.2,433.9,532.6,465.4],\"lines\":[{\"bbox\":[486.9,433.9,532.6,448.7],\"text\":\"582,545\"},{\"bbox\":[493.1,450.9,531.8,465.4],\"text\":\"24,016\"}],\"order\":13,\"text\":\"582,545\\n24,016\"},{\"bbox\":[559.0,437.3,605.4,468.8],\"lines\":[{\"bbox\":[559.8,437.3,605.4,452.1],\"text\":\"414,992\"},{\"bbox\":[565.9,454.3,604.7,468.8],\"text\":\"15,697\"}],\"order\":14,\"text\":\"414,992\\n15,697\"},{\"bbox\":[631.8,440.7,678.3,472.1],\"lines\":[{\"bbox\":[632.6,440.7,678.3,455.5],\"text\":\"271,289\"},{\"bbox\":[645.7,458.0,677.5,472.1],\"text\":\"9,764\"}],\"order\":15,\"text\":\"271,289\\n9,764\"},{\"bbox\":[182.0,458.7,458.0,484.2],\"lines\":[{\"bbox\":[182.0,458.7,458.0,484.2],\"text\":\"Total net revenues . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":16,\"text\":\"Total net revenues . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[478.2,472.5,530.8,487.6],\"lines\":[{\"bbox\":[478.2,472.5,530.8,487.6],\"text\":\"$606,561\"}],\"order\":17,\"text\":\"$606,561\"},{\"bbox\":[551.0,475.8,603.6,491.0],\"lines\":[{\"bbox\":[551.0,475.8,603.6,491.0],\"text\":\"$430,689\"}],\"order\":18,\"text\":\"$430,689\"},{\"bbox\":[623.9,479.2,676.5,494.3],\"lines\":[{\"bbox\":[623.9,479.2,676.5,494.3],\"text\":\"$281,053\"}],\"order\":19,\"text\":\"$281,053\"},{\"bbox\":[124.6,497.8,711.4,537.7],\"lines\":[{\"bbox\":[124.6,497.8,711.4,537.7],\"text\":\"The table below summarizes product net revenues by geographic regions attributed by customer location:\"}],\"order\":20,\"text\":\"The table below summarizes product net revenues by geographic regions attributed by customer location:\"},{\"bbox\":[489.2,544.5,658.3,578.9],\"lines\":[{\"bbox\":[511.6,545.5,636.6,561.3],\"text\":\"Year Ended December 31,\"},{\"bbox\":[489.2,561.1,511.8,572.2],\"text\":\"2007\"},{\"bbox\":[562.0,564.5,584.7,575.5],\"text\":\"2006\"},{\"bbox\":[634.8,567.9,657.5,578.9],\"text\":\"2005\"}],\"order\":21,\"text\":\"Year Ended December 31,\\n2007\\n2006\\n2005\"},{\"bbox\":[150.3,545.4,218.2,558.6],\"lines\":[{\"bbox\":[150.3,545.4,218.2,558.6],\"text\":\"(In thousands)\"}],\"order\":22,\"text\":\"(In thousands)\"},{\"bbox\":[148.4,565.7,453.0,609.1],\"lines\":[{\"bbox\":[149.2,565.7,453.0,592.4],\"text\":\"United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[148.4,582.3,452.2,609.1],\"text\":\"Canada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":23,\"text\":\"United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCanada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[472.4,580.7,525.8,612.4],\"lines\":[{\"bbox\":[473.2,580.7,525.8,595.8],\"text\":\"$562,439\"},{\"bbox\":[486.3,598.0,525.0,612.4],\"text\":\"23,360\"}],\"order\":24,\"text\":\"$562,439\\n23,360\"},{\"bbox\":[545.2,584.0,598.6,615.8],\"lines\":[{\"bbox\":[546.0,584.0,598.6,599.2],\"text\":\"$403,725\"},{\"bbox\":[559.1,601.3,597.9,615.8],\"text\":\"16,485\"}],\"order\":25,\"text\":\"$403,725\\n16,485\"},{\"bbox\":[618.1,587.4,671.5,619.2],\"lines\":[{\"bbox\":[618.9,587.4,671.5,602.5],\"text\":\"$266,048\"},{\"bbox\":[638.9,605.0,670.7,619.2],\"text\":\"9,502\"}],\"order\":26,\"text\":\"$266,048\\n9,502\"},{\"bbox\":[146.6,604.5,451.2,647.9],\"lines\":[{\"bbox\":[175.2,605.8,451.2,631.3],\"text\":\"Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[146.6,621.2,450.4,647.9],\"text\":\"Other foreign countries . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":27,\"text\":\"Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther foreign countries . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[477.5,619.8,524.0,651.3],\"lines\":[{\"bbox\":[478.3,619.8,524.0,634.6],\"text\":\"585,799\"},{\"bbox\":[484.5,636.8,523.2,651.3],\"text\":\"20,762\"}],\"order\":28,\"text\":\"585,799\\n20,762\"},{\"bbox\":[550.4,623.2,596.8,654.7],\"lines\":[{\"bbox\":[551.1,623.2,596.8,638.0],\"text\":\"420,210\"},{\"bbox\":[557.3,640.2,596.1,654.7],\"text\":\"10,479\"}],\"order\":29,\"text\":\"420,210\\n10,479\"},{\"bbox\":[623.2,626.6,669.7,658.0],\"lines\":[{\"bbox\":[624.0,626.6,669.7,641.4],\"text\":\"275,550\"},{\"bbox\":[637.1,643.9,668.9,658.0],\"text\":\"5,503\"}],\"order\":30,\"text\":\"275,550\\n5,503\"},{\"bbox\":[173.4,644.6,449.4,670.1],\"lines\":[{\"bbox\":[173.4,644.6,449.4,670.1],\"text\":\"Total net revenues . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":31,\"text\":\"Total net revenues . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[469.6,658.4,522.2,673.5],\"lines\":[{\"bbox\":[469.6,658.4,522.2,673.5],\"text\":\"$606,561\"}],\"order\":32,\"text\":\"$606,561\"},{\"bbox\":[542.4,661.7,595.0,676.9],\"lines\":[{\"bbox\":[542.4,661.7,595.0,676.9],\"text\":\"$430,689\"}],\"order\":33,\"text\":\"$430,689\"},{\"bbox\":[615.3,665.1,667.9,680.2],\"lines\":[{\"bbox\":[615.3,665.1,667.9,680.2],\"text\":\"$281,053\"}],\"order\":34,\"text\":\"$281,053\"},{\"bbox\":[87.4,682.4,700.6,740.1],\"lines\":[{\"bbox\":[115.9,683.7,700.6,723.5],\"text\":\"During the last two years, substantially all of the Company’s long-lived assets were located in the United\"},{\"bbox\":[87.4,699.1,124.6,713.5],\"text\":\"States.\"}],\"order\":35,\"text\":\"During the last two years, substantially all of the Company’s long-lived assets were located in the United\\nStates.\"},{\"bbox\":[384.6,977.0,399.1,990.3],\"lines\":[{\"bbox\":[384.6,977.0,399.1,990.3],\"text\":\"68\"}],\"order\":36,\"text\":\"68\"}],\"doc\":\"fintabnet:UA_2007\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"16. Segment Data and Related Information\\n\\nOperating segments are defined as components of an enterprise in which separate financial information is\\navailable and is evaluated regularly by the chief operating decision maker in assessing performance and in\\ndeciding how to allocate resources. The Company operates exclusively in the consumer products industry in\\nwhich the Company develops, markets, and distributes branded performance apparel, footwear and accessories.\\nBased on the nature of the financial information that is received by the chief operating decision maker, the\\nCompany operates within one operating and reportable segment in accordance with SFAS No. 131, Disclosures\\nabout Segments of an Enterprise and Related Information. Although the Company operates within one reportable\\nsegment, it has several product categories for which the net revenues attributable to each product category are as\\nfollows:\\n\\nYear Ended December 31,\\n2007\\n2006\\n2005\\n\\n(In thousands)\\n\\nMen’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWomen’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nYouth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$348,150\\n115,867\\n48,596\\n\\n$255,681\\n85,695\\n31,845\\n\\n$189,596\\n53,500\\n18,784\\n\\nApparel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFootwear . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccessories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n512,613\\n40,878\\n29,054\\n\\n373,221\\n26,874\\n14,897\\n\\n261,880\\n—\\n9,409\\n\\nTotal net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLicense revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n582,545\\n24,016\\n\\n414,992\\n15,697\\n\\n271,289\\n9,764\\n\\nTotal net revenues . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$606,561\\n\\n$430,689\\n\\n$281,053\\n\\nThe table below summarizes product net revenues by geographic regions attributed by customer location:\\n\\nYear Ended December 31,\\n2007\\n2006\\n2005\\n\\n(In thousands)\\n\\nUnited States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCanada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$562,439\\n23,360\\n\\n$403,725\\n16,485\\n\\n$266,048\\n9,502\\n\\nSubtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther foreign countries . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n585,799\\n20,762\\n\\n420,210\\n10,479\\n\\n275,550\\n5,503\\n\\nTotal net revenues . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$606,561\\n\\n$430,689\\n\\n$281,053\\n\\nDuring the last two years, substantially all of the Company’s long-lived assets were located in the United\\nStates.\\n\\n68\",\"name\":\"fintabnet.UA_2007_page_78__100dpi_heavy\",\"page_id\":\"fintabnet.UA_2007_page_78\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.653,\"source\":\"fintabnet\",\"source_id\":\"UA_2007_page_78\",\"stack\":[{\"deg\":-2.653,\"op\":\"skew\"},{\"amp\":0.212,\"angle\":23.9,\"blob\":0.491,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.502},{\"op\":\"noise\",\"sigma\":16.903},{\"gain\":0.64,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":42}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[154.2,268.1,685.3,494.3],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19],\"cells\":null}],\"text\":\"16. Segment Data and Related Information\\n\\nOperating segments are defined as components of an enterprise in which separate financial information is\\navailable and is evaluated regularly by the chief operating decision maker in assessing performance and in\\ndeciding how to allocate resources. The Company operates exclusively in the consumer products industry in\\nwhich the Company develops, markets, and distributes branded performance apparel, footwear and accessories.\\nBased on the nature of the financial information that is received by the chief operating decision maker, the\\nCompany operates within one operating and reportable segment in accordance with SFAS No. 131, Disclosures\\nabout Segments of an Enterprise and Related Information. Although the Company operates within one reportable\\nsegment, it has several product categories for which the net revenues attributable to each product category are as\\nfollows:\\n\\nYear Ended December 31,\\n2007\\n2006\\n2005\\n\\n(In thousands)\\n\\nMen’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nWomen’s . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nYouth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$348,150\\n115,867\\n48,596\\n\\n$255,681\\n85,695\\n31,845\\n\\n$189,596\\n53,500\\n18,784\\n\\nApparel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFootwear . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccessories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n512,613\\n40,878\\n29,054\\n\\n373,221\\n26,874\\n14,897\\n\\n261,880\\n—\\n9,409\\n\\nTotal net sales . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLicense revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n582,545\\n24,016\\n\\n414,992\\n15,697\\n\\n271,289\\n9,764\\n\\nTotal net revenues . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$606,561\\n\\n$430,689\\n\\n$281,053\\n\\nThe table below summarizes product net revenues by geographic regions attributed by customer location:\\n\\nYear Ended December 31,\\n2007\\n2006\\n2005\\n\\n(In thousands)\\n\\nUnited States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCanada . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$562,439\\n23,360\\n\\n$403,725\\n16,485\\n\\n$266,048\\n9,502\\n\\nSubtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther foreign countries . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n585,799\\n20,762\\n\\n420,210\\n10,479\\n\\n275,550\\n5,503\\n\\nTotal net revenues . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$606,561\\n\\n$430,689\\n\\n$281,053\\n\\nDuring the last two years, substantially all of the Company’s long-lived assets were located in the United\\nStates.\\n\\n68\"},\"name\":\"fintabnet.UA_2007_page_78__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":82074,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:UA_2007\",\"dpi\":100,\"gt_sha256\":\"badea7233f2d99f686cfc5d307458bdf0accab21eced6220b7991731799eb1e6\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.UA_2007_page_78__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.UA_2007_page_78\",\"pdf_sha256\":\"2bbfeb8a0cf1fc6dfa51c6d795e56332ac2847e89715d1b850e6764184cb92cd\",\"px\":[825,1075],\"scan\":{\"render\":\"00031f033fff3fff107f103f183f007f107f187f007f000f000f001f003f007f\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"UA_2007_page_78\",\"src\":{\"file_sha256\":\"4d7290e62141447047d124772678ec6ff438e4c37310f548537845187109a0a9\",\"render\":\"00003e083ffc3ffc1078107818781cf810781c78227800000000000000000000\",\"text\":\"911c715629a02e1d2609e8e02af853b1bee01a1336e23baa817eb298b362308e\"},\"stack\":[{\"deg\":-2.653,\"op\":\"skew\"},{\"amp\":0.212,\"angle\":23.9,\"blob\":0.491,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.502},{\"op\":\"noise\",\"sigma\":16.903},{\"gain\":0.64,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":42}],\"tools\":\"21647cade0ee\"},\"sha256\":\"2bbfeb8a0cf1fc6dfa51c6d795e56332ac2847e89715d1b850e6764184cb92cd\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/2bbfeb8a0cf1fc6dfa51c6d795e56332ac2847e89715d1b850e6764184cb92cd.pdf","asset_sha256":"2bbfeb8a0cf1fc6dfa51c6d795e56332ac2847e89715d1b850e6764184cb92cd","document_id":"fintabnet:UA_2007","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UA_2007_page_78\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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progress\"},{\"bbox\":[77.2,261.2,97.4,271.6],\"lines\":[{\"bbox\":[77.2,261.2,97.4,271.6],\"text\":\"Total\"}],\"order\":42,\"text\":\"Total\"},{\"bbox\":[74.1,287.8,83.2,296.9],\"lines\":[{\"bbox\":[74.1,287.8,83.2,296.9],\"text\":\"[a]\"}],\"order\":43,\"text\":\"[a]\"},{\"bbox\":[96.6,288.3,433.3,304.6],\"lines\":[{\"bbox\":[96.6,288.3,433.3,304.6],\"text\":\"Other roadway includes grading, bridges and tunnels, signals, buildings, and other road assets.\"}],\"order\":44,\"text\":\"Other roadway includes grading, bridges and tunnels, signals, buildings, and other road assets.\"},{\"bbox\":[70.3,310.5,541.7,481.3],\"lines\":[{\"bbox\":[73.6,310.5,541.7,331.8],\"text\":\"Property and Depreciation – Our railroad operations are highly capital intensive, and our large base of\"},{\"bbox\":[73.3,322.0,541.4,343.4],\"text\":\"homogeneous, network-type assets turns over on a continuous basis. Each year we develop a capital\"},{\"bbox\":[73.1,333.5,541.1,354.9],\"text\":\"program for the replacement of assets and for the acquisition or construction of assets that enable us to\"},{\"bbox\":[72.8,345.0,540.9,366.3],\"text\":\"enhance our operations or provide new service offerings to customers. Assets purchased or constructed\"},{\"bbox\":[72.6,356.5,540.7,377.8],\"text\":\"throughout the year are capitalized if they meet applicable minimum units of property criteria. Properties\"},{\"bbox\":[72.3,368.0,540.4,389.3],\"text\":\"and equipment are carried at cost and are depreciated on a straight-line basis over their estimated\"},{\"bbox\":[72.1,379.5,540.2,400.8],\"text\":\"service lives, which are measured in years, except for rail in high-density traffic corridors (i.e., all rail lines\"},{\"bbox\":[71.8,391.0,539.9,412.3],\"text\":\"except for those subject to abandonment, yard and switching tracks, and electronic yards) for which lives\"},{\"bbox\":[71.6,402.5,539.7,423.8],\"text\":\"are measured in millions of gross tons per mile of track. We use the group method of depreciation in\"},{\"bbox\":[71.3,414.0,539.4,435.3],\"text\":\"which all items with similar characteristics, use, and expected lives are grouped together in asset classes,\"},{\"bbox\":[71.1,425.5,539.2,446.8],\"text\":\"and are depreciated using composite depreciation rates. The group method of depreciation treats each\"},{\"bbox\":[70.8,437.0,538.9,458.3],\"text\":\"asset class as a pool of resources, not as singular items. We currently have more than 60 depreciable\"},{\"bbox\":[70.6,448.5,538.7,469.8],\"text\":\"asset classes, and we may increase or decrease the number of asset classes due to changes in\"},{\"bbox\":[70.3,460.0,270.0,475.5],\"text\":\"technology, asset strategies, or other factors.\"}],\"order\":45,\"text\":\"Property and Depreciation – Our railroad operations are highly capital intensive, and our large base of\\nhomogeneous, network-type assets turns over on a continuous basis. Each year we develop a capital\\nprogram for the replacement of assets and for the acquisition or construction of assets that enable us to\\nenhance our operations or provide new service offerings to customers. Assets purchased or constructed\\nthroughout the year are capitalized if they meet applicable minimum units of property criteria. Properties\\nand equipment are carried at cost and are depreciated on a straight-line basis over their estimated\\nservice lives, which are measured in years, except for rail in high-density traffic corridors (i.e., all rail lines\\nexcept for those subject to abandonment, yard and switching tracks, and electronic yards) for which lives\\nare measured in millions of gross tons per mile of track. We use the group method of depreciation in\\nwhich all items with similar characteristics, use, and expected lives are grouped together in asset classes,\\nand are depreciated using composite depreciation rates. The group method of depreciation treats each\\nasset class as a pool of resources, not as singular items. We currently have more than 60 depreciable\\nasset classes, and we may increase or decrease the number of asset classes due to changes in\\ntechnology, asset strategies, or other factors.\"},{\"bbox\":[69.1,483.0,538.0,538.8],\"lines\":[{\"bbox\":[69.8,483.0,537.9,504.3],\"text\":\"We determine the estimated service lives of depreciable railroad assets by means of depreciation studies.\"},{\"bbox\":[69.6,494.5,537.7,515.8],\"text\":\"We perform depreciation studies at least every three years for equipment and every six years for track\"},{\"bbox\":[69.3,506.0,537.4,527.3],\"text\":\"assets (i.e., rail and other track material, ties, and ballast) and other road property. Our depreciation\"},{\"bbox\":[69.1,517.5,273.3,533.1],\"text\":\"studies take into account the following factors:\"}],\"order\":46,\"text\":\"We determine the estimated service lives of depreciable railroad assets by means of depreciation studies.\\nWe perform depreciation studies at least every three years for equipment and every six years for track\\nassets (i.e., rail and other track material, ties, and ballast) and other road property. Our depreciation\\nstudies take into account the following factors:\"},{\"bbox\":[86.3,540.5,91.4,565.0],\"lines\":[{\"bbox\":[86.5,540.5,91.4,552.8],\"text\":\"\"},{\"bbox\":[86.3,552.7,91.1,565.0],\"text\":\"\"}],\"order\":47,\"text\":\"\\n\"},{\"bbox\":[85.5,576.3,90.6,600.8],\"lines\":[{\"bbox\":[85.8,576.3,90.6,588.7],\"text\":\"\"},{\"bbox\":[85.5,588.5,90.4,600.8],\"text\":\"\"}],\"order\":48,\"text\":\"\\n\"},{\"bbox\":[103.5,541.9,536.6,610.5],\"lines\":[{\"bbox\":[104.5,541.9,510.4,561.9],\"text\":\"Statistical analysis of historical patterns of use and retirements of each of our asset classes;\"},{\"bbox\":[104.3,554.1,536.3,574.6],\"text\":\"Evaluation of any expected changes in current operations and the outlook for continued use of\"},{\"bbox\":[104.0,565.6,152.6,577.8],\"text\":\"the assets;\"},{\"bbox\":[103.8,577.7,464.7,596.7],\"text\":\"Evaluation of technological advances and changes to maintenance practices; and\"},{\"bbox\":[103.5,589.9,323.9,605.8],\"text\":\"Expected salvage to be received upon retirement.\"}],\"order\":49,\"text\":\"Statistical analysis of historical patterns of use and retirements of each of our asset classes;\\nEvaluation of any expected changes in current operations and the outlook for continued use of\\nthe assets;\\nEvaluation of technological advances and changes to maintenance practices; and\\nExpected salvage to be received upon retirement.\"},{\"bbox\":[64.7,612.1,535.1,736.9],\"lines\":[{\"bbox\":[67.0,612.1,535.1,633.5],\"text\":\"For rail in high-density traffic corridors, we measure estimated service lives in millions of gross tons per\"},{\"bbox\":[66.7,623.6,534.8,644.9],\"text\":\"mile of track. It has been our experience that the lives of rail in high-density traffic corridors are closely\"},{\"bbox\":[66.5,635.1,534.6,656.5],\"text\":\"correlated to usage (i.e., the amount of weight carried over the rail). The service lives also vary based on\"},{\"bbox\":[66.2,646.6,534.3,668.0],\"text\":\"rail weight, rail condition (e.g., new or secondhand), and rail type (e.g., straight or curve). Our\"},{\"bbox\":[66.0,658.1,534.1,679.4],\"text\":\"depreciation studies for rail in high-density traffic corridors consider each of these factors in determining\"},{\"bbox\":[65.7,669.6,533.8,690.9],\"text\":\"the estimated service lives. For rail in high-density traffic corridors, we calculate depreciation rates\"},{\"bbox\":[65.5,681.1,533.6,702.4],\"text\":\"annually by dividing the number of gross ton-miles carried over the rail (i.e., the weight of loaded and\"},{\"bbox\":[65.2,692.6,533.3,713.9],\"text\":\"empty freight cars, locomotives and maintenance of way equipment transported over the rail) by the\"},{\"bbox\":[65.0,704.1,533.1,725.4],\"text\":\"estimated service lives of the rail measured in millions of gross tons per mile. For all other depreciable\"},{\"bbox\":[64.7,715.6,532.9,736.9],\"text\":\"assets, we compute depreciation based on the estimated service lives of our assets as determined from\"}],\"order\":50,\"text\":\"For rail in high-density traffic corridors, we measure estimated service lives in millions of gross tons per\\nmile of track. It has been our experience that the lives of rail in high-density traffic corridors are closely\\ncorrelated to usage (i.e., the amount of weight carried over the rail). The service lives also vary based on\\nrail weight, rail condition (e.g., new or secondhand), and rail type (e.g., straight or curve). Our\\ndepreciation studies for rail in high-density traffic corridors consider each of these factors in determining\\nthe estimated service lives. For rail in high-density traffic corridors, we calculate depreciation rates\\nannually by dividing the number of gross ton-miles carried over the rail (i.e., the weight of loaded and\\nempty freight cars, locomotives and maintenance of way equipment transported over the rail) by the\\nestimated service lives of the rail measured in millions of gross tons per mile. For all other depreciable\\nassets, we compute depreciation based on the estimated service lives of our assets as determined from\"},{\"bbox\":[292.3,757.3,303.7,768.7],\"lines\":[{\"bbox\":[292.3,757.3,303.7,768.7],\"text\":\"74\"}],\"order\":51,\"text\":\"74\"}],\"doc\":\"fintabnet:UNP_2014\",\"dpi\":72,\"image_px\":[612,792],\"layout\":[],\"markdown\":\"| Millions, Except Estimated UsefulLifeAs of December 31, 2013 | Cost $5,120 | AccumulatedDepreciation $N/A | Net BookValue $5,120 | EstimatedUseful Life N/A |\\n| --- | --- | --- | --- | --- |\\n| Land |  |  |  |  |\\n| Road: |  |  |  |  |\\n| Rail and other track material | 13,861 | 4,970 | 8,891 | 35 |\\n| Ties | 8,785 | 2,310 | 6,475 | 33 |\\n| Ballast | 4,621 | 1,171 | 3,450 | 34 |\\n| Other roadway [a] | 15,596 | 2,726 | 12,870 | 48 |\\n| Total road | 42,863 | 11,177 | 31,686 | N/A |\\n| Equipment: |  |  |  |  |\\n| Locomotives | 7,518 | 3,481 | 4,037 | 20 |\\n| Freight cars | 2,085 | 1,000 | 1,085 | 25 |\\n| Work equipment and other | 561 | 119 | 442 | 18 |\\n| Total equipment | 10,164 | 4,600 | 5,564 | N/A |\\n| Technology and other | 711 | 286 | 425 | 10 |\\n| Construction in progress | 954 | - | 954 | N/A |\\n| Total | $59,812 | $16,063 | $43,749 | N/A |\\n\\n[a]\\n\\nOther roadway includes grading, bridges and tunnels, signals, buildings, and other road assets.\\n\\nProperty and Depreciation – Our railroad operations are highly capital intensive, and our large base of\\nhomogeneous, network-type assets turns over on a continuous basis. Each year we develop a capital\\nprogram for the replacement of assets and for the acquisition or construction of assets that enable us to\\nenhance our operations or provide new service offerings to customers. Assets purchased or constructed\\nthroughout the year are capitalized if they meet applicable minimum units of property criteria. Properties\\nand equipment are carried at cost and are depreciated on a straight-line basis over their estimated\\nservice lives, which are measured in years, except for rail in high-density traffic corridors (i.e., all rail lines\\nexcept for those subject to abandonment, yard and switching tracks, and electronic yards) for which lives\\nare measured in millions of gross tons per mile of track. We use the group method of depreciation in\\nwhich all items with similar characteristics, use, and expected lives are grouped together in asset classes,\\nand are depreciated using composite depreciation rates. The group method of depreciation treats each\\nasset class as a pool of resources, not as singular items. We currently have more than 60 depreciable\\nasset classes, and we may increase or decrease the number of asset classes due to changes in\\ntechnology, asset strategies, or other factors.\\n\\nWe determine the estimated service lives of depreciable railroad assets by means of depreciation studies.\\nWe perform depreciation studies at least every three years for equipment and every six years for track\\nassets (i.e., rail and other track material, ties, and ballast) and other road property. Our depreciation\\nstudies take into account the following factors:\\n\\n\\n\\n\\n\\n\\n\\nStatistical analysis of historical patterns of use and retirements of each of our asset classes;\\nEvaluation of any expected changes in current operations and the outlook for continued use of\\nthe assets;\\nEvaluation of technological advances and changes to maintenance practices; and\\nExpected salvage to be received upon retirement.\\n\\nFor rail in high-density traffic corridors, we measure estimated service lives in millions of gross tons per\\nmile of track. It has been our experience that the lives of rail in high-density traffic corridors are closely\\ncorrelated to usage (i.e., the amount of weight carried over the rail). The service lives also vary based on\\nrail weight, rail condition (e.g., new or secondhand), and rail type (e.g., straight or curve). Our\\ndepreciation studies for rail in high-density traffic corridors consider each of these factors in determining\\nthe estimated service lives. For rail in high-density traffic corridors, we calculate depreciation rates\\nannually by dividing the number of gross ton-miles carried over the rail (i.e., the weight of loaded and\\nempty freight cars, locomotives and maintenance of way equipment transported over the rail) by the\\nestimated service lives of the rail measured in millions of gross tons per mile. For all other depreciable\\nassets, we compute depreciation based on the estimated service lives of our assets as determined from\\n\\n74\",\"name\":\"fintabnet.UNP_2014_page_74__72dpi_medium\",\"page_id\":\"fintabnet.UNP_2014_page_74\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.247,\"source\":\"fintabnet\",\"source_id\":\"UNP_2014_page_74\",\"stack\":[{\"deg\":-1.247,\"op\":\"skew\"},{\"amp\":0.082,\"angle\":124.0,\"blob\":0.58,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.68},{\"op\":\"noise\",\"sigma\":6.095},{\"gain\":0.849,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":61}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[74.7,41.9,555.8,281.5],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42],\"cells\":[{\"bbox\":[81.6,43.5,238.2,69.2],\"c0\":0,\"c1\":0,\"r0\":0,\"r1\":0,\"text\":\"Millions, Except Estimated UsefulLifeAs of December 31, 2013\"},{\"bbox\":[308.5,61.8,353.0,86.7],\"c0\":1,\"c1\":1,\"r0\":0,\"r1\":1,\"text\":\"Cost $5,120\"},{\"bbox\":[369.6,51.1,422.4,88.2],\"c0\":2,\"c1\":2,\"r0\":0,\"r1\":1,\"text\":\"AccumulatedDepreciation $N/A\"},{\"bbox\":[443.5,52.7,487.5,89.6],\"c0\":3,\"c1\":3,\"r0\":0,\"r1\":1,\"text\":\"Net BookValue $5,120\"},{\"bbox\":[512.4,54.2,555.7,91.1],\"c0\":4,\"c1\":4,\"r0\":0,\"r1\":1,\"text\":\"EstimatedUseful Life N/A\"},{\"bbox\":[81.3,71.7,101.5,81.2],\"c0\":0,\"c1\":0,\"r0\":1,\"r1\":1,\"text\":\"Land\"},{\"bbox\":[81.0,87.5,105.2,97.0],\"c0\":0,\"c1\":0,\"r0\":2,\"r1\":2,\"text\":\"Road:\"},{\"bbox\":[93.2,99.8,205.9,111.2],\"c0\":0,\"c1\":0,\"r0\":3,\"r1\":3,\"text\":\"Rail and other track material\"},{\"bbox\":[321.9,104.7,349.6,114.3],\"c0\":1,\"c1\":1,\"r0\":3,\"r1\":3,\"text\":\"13,861\"},{\"bbox\":[398.1,106.4,420.8,115.9],\"c0\":2,\"c1\":2,\"r0\":3,\"r1\":3,\"text\":\"4,970\"},{\"bbox\":[461.1,107.8,483.8,117.3],\"c0\":3,\"c1\":3,\"r0\":3,\"r1\":3,\"text\":\"8,891\"},{\"bbox\":[541.8,109.5,552.0,118.8],\"c0\":4,\"c1\":4,\"r0\":3,\"r1\":3,\"text\":\"35\"},{\"bbox\":[92.9,111.8,110.1,121.1],\"c0\":0,\"c1\":0,\"r0\":4,\"r1\":4,\"text\":\"Ties\"},{\"bbox\":[326.6,116.8,349.3,126.3],\"c0\":1,\"c1\":1,\"r0\":4,\"r1\":4,\"text\":\"8,785\"},{\"bbox\":[397.8,118.4,420.6,127.9],\"c0\":2,\"c1\":2,\"r0\":4,\"r1\":4,\"text\":\"2,310\"},{\"bbox\":[460.8,119.8,483.5,129.3],\"c0\":3,\"c1\":3,\"r0\":4,\"r1\":4,\"text\":\"6,475\"},{\"bbox\":[541.6,121.5,551.8,130.8],\"c0\":4,\"c1\":4,\"r0\":4,\"r1\":4,\"text\":\"33\"},{\"bbox\":[92.7,123.8,119.9,133.4],\"c0\":0,\"c1\":0,\"r0\":5,\"r1\":5,\"text\":\"Ballast\"},{\"bbox\":[326.4,128.8,349.1,138.3],\"c0\":1,\"c1\":1,\"r0\":5,\"r1\":5,\"text\":\"4,621\"},{\"bbox\":[397.6,130.4,420.3,139.9],\"c0\":2,\"c1\":2,\"r0\":5,\"r1\":5,\"text\":\"1,171\"},{\"bbox\":[460.6,131.8,483.3,141.3],\"c0\":3,\"c1\":3,\"r0\":5,\"r1\":5,\"text\":\"3,450\"},{\"bbox\":[541.3,133.5,551.5,142.7],\"c0\":4,\"c1\":4,\"r0\":5,\"r1\":5,\"text\":\"34\"},{\"bbox\":[92.4,135.8,164.1,146.3],\"c0\":0,\"c1\":0,\"r0\":6,\"r1\":6,\"text\":\"Other roadway [a]\"},{\"bbox\":[321.1,140.7,348.8,150.3],\"c0\":1,\"c1\":1,\"r0\":6,\"r1\":6,\"text\":\"15,596\"},{\"bbox\":[397.3,142.4,420.0,151.9],\"c0\":2,\"c1\":2,\"r0\":6,\"r1\":6,\"text\":\"2,726\"},{\"bbox\":[455.3,143.7,483.0,153.3],\"c0\":3,\"c1\":3,\"r0\":6,\"r1\":6,\"text\":\"12,870\"},{\"bbox\":[541.1,145.5,551.3,154.7],\"c0\":4,\"c1\":4,\"r0\":6,\"r1\":6,\"text\":\"48\"},{\"bbox\":[79.6,151.2,120.3,161.1],\"c0\":0,\"c1\":0,\"r0\":7,\"r1\":7,\"text\":\"Total road\"},{\"bbox\":[320.7,156.5,348.5,166.1],\"c0\":1,\"c1\":1,\"r0\":7,\"r1\":7,\"text\":\"42,863\"},{\"bbox\":[392.0,158.0,419.7,167.6],\"c0\":2,\"c1\":2,\"r0\":7,\"r1\":7,\"text\":\"11,177\"},{\"bbox\":[455.0,159.4,482.7,169.0],\"c0\":3,\"c1\":3,\"r0\":7,\"r1\":7,\"text\":\"31,686\"},{\"bbox\":[538.2,161.2,553.4,170.5],\"c0\":4,\"c1\":4,\"r0\":7,\"r1\":7,\"text\":\"N/A\"},{\"bbox\":[79.2,167.0,124.9,177.0],\"c0\":0,\"c1\":0,\"r0\":8,\"r1\":8,\"text\":\"Equipment:\"},{\"bbox\":[91.4,179.2,142.2,189.4],\"c0\":0,\"c1\":0,\"r0\":9,\"r1\":9,\"text\":\"Locomotives\"},{\"bbox\":[325.1,184.3,347.9,193.8],\"c0\":1,\"c1\":1,\"r0\":9,\"r1\":9,\"text\":\"7,518\"},{\"bbox\":[396.4,185.9,419.1,195.4],\"c0\":2,\"c1\":2,\"r0\":9,\"r1\":9,\"text\":\"3,481\"},{\"bbox\":[459.4,187.3,482.1,196.8],\"c0\":3,\"c1\":3,\"r0\":9,\"r1\":9,\"text\":\"4,037\"},{\"bbox\":[540.1,189.0,550.3,198.2],\"c0\":4,\"c1\":4,\"r0\":9,\"r1\":9,\"text\":\"20\"},{\"bbox\":[91.2,191.2,138.9,201.3],\"c0\":0,\"c1\":0,\"r0\":10,\"r1\":10,\"text\":\"Freight cars\"},{\"bbox\":[324.9,196.3,347.6,205.8],\"c0\":1,\"c1\":1,\"r0\":10,\"r1\":10,\"text\":\"2,085\"},{\"bbox\":[396.1,197.9,418.8,207.4],\"c0\":2,\"c1\":2,\"r0\":10,\"r1\":10,\"text\":\"1,000\"},{\"bbox\":[459.1,199.2,481.8,208.7],\"c0\":3,\"c1\":3,\"r0\":10,\"r1\":10,\"text\":\"1,085\"},{\"bbox\":[539.8,201.0,550.1,210.2],\"c0\":4,\"c1\":4,\"r0\":10,\"r1\":10,\"text\":\"25\"},{\"bbox\":[90.9,203.2,197.1,214.6],\"c0\":0,\"c1\":0,\"r0\":11,\"r1\":11,\"text\":\"Work equipment and other\"},{\"bbox\":[332.1,208.5,347.3,217.8],\"c0\":1,\"c1\":1,\"r0\":11,\"r1\":11,\"text\":\"561\"},{\"bbox\":[403.4,210.0,418.6,219.4],\"c0\":2,\"c1\":2,\"r0\":11,\"r1\":11,\"text\":\"119\"},{\"bbox\":[466.3,211.4,481.6,220.7],\"c0\":3,\"c1\":3,\"r0\":11,\"r1\":11,\"text\":\"442\"},{\"bbox\":[539.6,213.0,549.8,222.2],\"c0\":4,\"c1\":4,\"r0\":11,\"r1\":11,\"text\":\"18\"},{\"bbox\":[78.1,218.7,142.9,229.1],\"c0\":0,\"c1\":0,\"r0\":12,\"r1\":12,\"text\":\"Total equipment\"},{\"bbox\":[319.3,224.0,347.0,233.6],\"c0\":1,\"c1\":1,\"r0\":12,\"r1\":12,\"text\":\"10,164\"},{\"bbox\":[395.5,225.6,418.2,235.1],\"c0\":2,\"c1\":2,\"r0\":12,\"r1\":12,\"text\":\"4,600\"},{\"bbox\":[458.5,227.0,481.2,236.5],\"c0\":3,\"c1\":3,\"r0\":12,\"r1\":12,\"text\":\"5,564\"},{\"bbox\":[536.7,228.7,552.0,238.0],\"c0\":4,\"c1\":4,\"r0\":12,\"r1\":12,\"text\":\"N/A\"},{\"bbox\":[77.8,234.5,165.0,245.4],\"c0\":0,\"c1\":0,\"r0\":13,\"r1\":13,\"text\":\"Technology and other\"},{\"bbox\":[331.4,240.0,346.6,249.3],\"c0\":1,\"c1\":1,\"r0\":13,\"r1\":13,\"text\":\"711\"},{\"bbox\":[402.7,241.5,417.9,250.9],\"c0\":2,\"c1\":2,\"r0\":13,\"r1\":13,\"text\":\"286\"},{\"bbox\":[465.7,242.9,480.9,252.2],\"c0\":3,\"c1\":3,\"r0\":13,\"r1\":13,\"text\":\"425\"},{\"bbox\":[538.9,244.5,549.1,253.7],\"c0\":4,\"c1\":4,\"r0\":13,\"r1\":13,\"text\":\"10\"},{\"bbox\":[77.5,246.5,175.2,257.6],\"c0\":0,\"c1\":0,\"r0\":14,\"r1\":14,\"text\":\"Construction in progress\"},{\"bbox\":[331.2,252.0,346.4,261.3],\"c0\":1,\"c1\":1,\"r0\":14,\"r1\":14,\"text\":\"954\"},{\"bbox\":[409.4,253.7,412.6,262.8],\"c0\":2,\"c1\":2,\"r0\":14,\"r1\":14,\"text\":\"-\"},{\"bbox\":[465.4,254.9,480.6,264.2],\"c0\":3,\"c1\":3,\"r0\":14,\"r1\":14,\"text\":\"954\"},{\"bbox\":[536.1,256.4,551.3,265.8],\"c0\":4,\"c1\":4,\"r0\":14,\"r1\":14,\"text\":\"N/A\"},{\"bbox\":[77.2,262.2,97.4,271.6],\"c0\":0,\"c1\":0,\"r0\":15,\"r1\":15,\"text\":\"Total\"},{\"bbox\":[304.3,267.1,346.0,277.1],\"c0\":1,\"c1\":1,\"r0\":15,\"r1\":15,\"text\":\"$59,812\"},{\"bbox\":[376.3,268.7,417.3,278.6],\"c0\":2,\"c1\":2,\"r0\":15,\"r1\":15,\"text\":\"$16,063\"},{\"bbox\":[439.3,270.1,480.3,280.0],\"c0\":3,\"c1\":3,\"r0\":15,\"r1\":15,\"text\":\"$43,749\"},{\"bbox\":[535.8,272.2,551.0,281.5],\"c0\":4,\"c1\":4,\"r0\":15,\"r1\":15,\"text\":\"N/A\"}]}],\"text\":\"Millions, Except Estimated Useful Life\\nAs of December 31, 2013\\n\\nLand\\n\\nCost\\n\\n$\\n\\n5,120\\n\\nAccumulated\\nDepreciation\\n\\n$\\n\\nN/A\\n\\n$\\n\\nNet Book\\nValue\\n\\nEstimated\\nUseful Life\\n\\n5,120\\n\\nN/A\\n\\nRoad:\\nRail and other track material\\nTies\\nBallast\\nOther roadway [a]\\n\\n13,861\\n8,785\\n4,621\\n15,596\\n\\n4,970\\n2,310\\n1,171\\n2,726\\n\\n8,891\\n6,475\\n3,450\\n12,870\\n\\n35\\n33\\n34\\n48\\n\\nTotal road\\n\\n42,863\\n\\n11,177\\n\\n31,686\\n\\nN/A\\n\\nEquipment:\\nLocomotives\\nFreight cars\\nWork equipment and other\\n\\n7,518\\n2,085\\n561\\n\\n3,481\\n1,000\\n119\\n\\n4,037\\n1,085\\n442\\n\\n20\\n25\\n18\\n\\nTotal equipment\\n\\n10,164\\n\\n4,600\\n\\n5,564\\n\\nN/A\\n\\n711\\n954\\n\\n286\\n-\\n\\n425\\n954\\n\\n10\\nN/A\\n\\n$ 59,812\\n\\n$ 16,063\\n\\n$ 43,749\\n\\nN/A\\n\\nTechnology and other\\nConstruction in progress\\n\\nTotal\\n\\n[a]\\n\\nOther roadway includes grading, bridges and tunnels, signals, buildings, and other road assets.\\n\\nProperty and Depreciation – Our railroad operations are highly capital intensive, and our large base of\\nhomogeneous, network-type assets turns over on a continuous basis. Each year we develop a capital\\nprogram for the replacement of assets and for the acquisition or construction of assets that enable us to\\nenhance our operations or provide new service offerings to customers. Assets purchased or constructed\\nthroughout the year are capitalized if they meet applicable minimum units of property criteria. Properties\\nand equipment are carried at cost and are depreciated on a straight-line basis over their estimated\\nservice lives, which are measured in years, except for rail in high-density traffic corridors (i.e., all rail lines\\nexcept for those subject to abandonment, yard and switching tracks, and electronic yards) for which lives\\nare measured in millions of gross tons per mile of track. We use the group method of depreciation in\\nwhich all items with similar characteristics, use, and expected lives are grouped together in asset classes,\\nand are depreciated using composite depreciation rates. The group method of depreciation treats each\\nasset class as a pool of resources, not as singular items. We currently have more than 60 depreciable\\nasset classes, and we may increase or decrease the number of asset classes due to changes in\\ntechnology, asset strategies, or other factors.\\n\\nWe determine the estimated service lives of depreciable railroad assets by means of depreciation studies.\\nWe perform depreciation studies at least every three years for equipment and every six years for track\\nassets (i.e., rail and other track material, ties, and ballast) and other road property. Our depreciation\\nstudies take into account the following factors:\\n\\n\\n\\n\\n\\n\\n\\nStatistical analysis of historical patterns of use and retirements of each of our asset classes;\\nEvaluation of any expected changes in current operations and the outlook for continued use of\\nthe assets;\\nEvaluation of technological advances and changes to maintenance practices; and\\nExpected salvage to be received upon retirement.\\n\\nFor rail in high-density traffic corridors, we measure estimated service lives in millions of gross tons per\\nmile of track. It has been our experience that the lives of rail in high-density traffic corridors are closely\\ncorrelated to usage (i.e., the amount of weight carried over the rail). The service lives also vary based on\\nrail weight, rail condition (e.g., new or secondhand), and rail type (e.g., straight or curve). Our\\ndepreciation studies for rail in high-density traffic corridors consider each of these factors in determining\\nthe estimated service lives. For rail in high-density traffic corridors, we calculate depreciation rates\\nannually by dividing the number of gross ton-miles carried over the rail (i.e., the weight of loaded and\\nempty freight cars, locomotives and maintenance of way equipment transported over the rail) by the\\nestimated service lives of the rail measured in millions of gross tons per mile. For all other depreciable\\nassets, we compute depreciation based on the estimated service lives of our assets as determined from\\n\\n74\"},\"name\":\"fintabnet.UNP_2014_page_74__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":86050,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:UNP_2014\",\"dpi\":72,\"gt_sha256\":\"ca58307ee64b2016ece74de4a6425e0105b5a469b34e350191880bcbba499237\",\"has_cells\":true,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.UNP_2014_page_74__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.UNP_2014_page_74\",\"pdf_sha256\":\"e2c69214c476c276f85424a26d7a56e30921de449a158fb0ee433adeabf3b16b\",\"px\":[612,792],\"scan\":{\"render\":\"00003cfe38a83ffc3ea83ebc3fe03ffc3ffc3f003ffc1ff03f803ffc3ffc0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"UNP_2014_page_74\",\"src\":{\"file_sha256\":\"a258e05c10177046a7a757447b9c04caae1d8fd9a5f96080431dc0bbea771dca\",\"render\":\"00003ffc38a83ffc3ffc3ffc3ffc3ffc3ffc3f043e001ff01f803ffc3ffc0000\",\"text\":\"47eff9679aff20a6414ae459da1684e5c8dbc6cd7e600fed11f2147507e8ae05\"},\"stack\":[{\"deg\":-1.247,\"op\":\"skew\"},{\"amp\":0.082,\"angle\":124.0,\"blob\":0.58,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.68},{\"op\":\"noise\",\"sigma\":6.095},{\"gain\":0.849,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":61}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e2c69214c476c276f85424a26d7a56e30921de449a158fb0ee433adeabf3b16b\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e2c69214c476c276f85424a26d7a56e30921de449a158fb0ee433adeabf3b16b.pdf","asset_sha256":"e2c69214c476c276f85424a26d7a56e30921de449a158fb0ee433adeabf3b16b","document_id":"fintabnet:UNP_2014","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UNP_2014_page_74\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UPS_2012_page_104\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:UPS_2012\",\"ground_truth\":{\"blocks\":[{\"bbox\":[765.9,101.0,1857.7,229.5],\"lines\":[{\"bbox\":[790.7,101.8,1834.7,178.7],\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\"},{\"bbox\":[765.9,150.9,1855.8,229.5],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"}],\"order\":0,\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[231.9,204.7,2370.8,572.4],\"lines\":[{\"bbox\":[341.3,208.5,2277.8,319.1],\"text\":\"Expected volatilities are based on the historical returns on our stock and the implied volatility of our publicly-traded\"},{\"bbox\":[239.4,254.7,2364.9,372.4],\"text\":\"options. The expected dividend yield is based on the recent historical dividend yields for our stock, taking into account changes\"},{\"bbox\":[237.6,304.7,2338.3,421.4],\"text\":\"in dividend policy. The risk-free interest rate is based on the term structure of interest rates at the time of the option grant. The\"},{\"bbox\":[235.7,354.6,2365.2,472.5],\"text\":\"expected life represents an estimate of the period of time options are expected to remain outstanding, and we have relied upon a\"},{\"bbox\":[233.8,404.6,2252.3,518.3],\"text\":\"combination of the observed exercise behavior of our prior grants with similar characteristics, the vesting schedule of the\"},{\"bbox\":[231.9,454.6,1891.9,554.7],\"text\":\"grants, and an index of peer companies with similar grant characteristics in estimating this variable.\"}],\"order\":1,\"text\":\"Expected volatilities are based on the historical returns on our stock and the implied volatility of our publicly-traded\\noptions. The expected dividend yield is based on the recent historical dividend yields for our stock, taking into account changes\\nin dividend policy. The risk-free interest rate is based on the term structure of interest rates at the time of the option grant. The\\nexpected life represents an estimate of the period of time options are expected to remain outstanding, and we have relied upon a\\ncombination of the observed exercise behavior of our prior grants with similar characteristics, the vesting schedule of the\\ngrants, and an index of peer companies with similar grant characteristics in estimating this variable.\"},{\"bbox\":[224.8,542.0,2360.0,759.9],\"lines\":[{\"bbox\":[328.5,545.8,2323.3,658.6],\"text\":\"We received cash of $122, $92 and $60 million during 2012, 2011 and 2010, respectively, from option holders resulting\"},{\"bbox\":[226.7,592.0,2358.2,709.9],\"text\":\"from the exercise of stock options. We received a tax benefit of $3, $6 and $4 million during 2012, 2011 and 2010, respectively,\"},{\"bbox\":[224.8,642.0,2106.9,750.5],\"text\":\"from the exercise of stock options, which is reported as cash from financing activities in the cash flow statement.\"}],\"order\":2,\"text\":\"We received cash of $122, $92 and $60 million during 2012, 2011 and 2010, respectively, from option holders resulting\\nfrom the exercise of stock options. We received a tax benefit of $3, $6 and $4 million during 2012, 2011 and 2010, respectively,\\nfrom the exercise of stock options, which is reported as cash from financing activities in the cash flow statement.\"},{\"bbox\":[217.7,729.4,2334.6,946.6],\"lines\":[{\"bbox\":[321.5,733.2,2334.6,846.7],\"text\":\"The total intrinsic value of options exercised during 2012, 2011 and 2010 was $39, $31 and $18 million, respectively. As\"},{\"bbox\":[219.6,779.4,2329.8,896.5],\"text\":\"of December 31, 2012, there was $2 million of total unrecognized compensation cost related to nonvested options. That cost is\"},{\"bbox\":[217.7,829.4,1605.6,919.2],\"text\":\"expected to be recognized over a weighted average period of 3 years and 4 months.\"}],\"order\":3,\"text\":\"The total intrinsic value of options exercised during 2012, 2011 and 2010 was $39, $31 and $18 million, respectively. As\\nof December 31, 2012, there was $2 million of total unrecognized compensation cost related to nonvested options. That cost is\\nexpected to be recognized over a weighted average period of 3 years and 4 months.\"},{\"bbox\":[314.4,920.6,2257.6,1031.4],\"lines\":[{\"bbox\":[314.4,920.6,2257.6,1031.4],\"text\":\"The following table summarizes information about stock options outstanding and exercisable at December 31, 2012:\"}],\"order\":4,\"text\":\"The following table summarizes information about stock options outstanding and exercisable at December 31, 2012:\"},{\"bbox\":[1269.6,1039.2,1569.8,1080.5],\"lines\":[{\"bbox\":[1269.6,1039.2,1569.8,1080.5],\"text\":\"Options Outstanding\"}],\"order\":5,\"text\":\"Options Outstanding\"},{\"bbox\":[219.7,1115.7,522.5,1157.0],\"lines\":[{\"bbox\":[219.7,1115.7,522.5,1157.0],\"text\":\"Exercise Price Range\"}],\"order\":6,\"text\":\"Exercise Price Range\"},{\"bbox\":[210.9,1166.9,482.7,1389.2],\"lines\":[{\"bbox\":[217.5,1166.9,482.7,1214.3],\"text\":\"$50.01 - $60.00\"},{\"bbox\":[215.3,1225.2,480.5,1272.6],\"text\":\"$60.01 - $70.00\"},{\"bbox\":[213.1,1283.5,478.3,1330.9],\"text\":\"$70.01 - $80.00\"},{\"bbox\":[210.9,1341.8,476.1,1389.2],\"text\":\"$80.01 - $90.00\"}],\"order\":7,\"text\":\"$50.01 - $60.00\\n$60.01 - $70.00\\n$70.01 - $80.00\\n$80.01 - $90.00\"},{\"bbox\":[1047.0,1113.6,1252.1,1184.6],\"lines\":[{\"bbox\":[1101.8,1115.6,1198.5,1149.2],\"text\":\"Shares\"},{\"bbox\":[1047.0,1146.9,1250.9,1184.6],\"text\":\"(in thousands)\"}],\"order\":8,\"text\":\"Shares\\n(in thousands)\"},{\"bbox\":[1323.9,1124.1,1507.9,1194.2],\"lines\":[{\"bbox\":[1325.2,1124.1,1507.9,1160.9],\"text\":\"Average Life\"},{\"bbox\":[1347.7,1158.3,1483.0,1193.3],\"text\":\"(in years)\"}],\"order\":9,\"text\":\"Average Life\\n(in years)\"},{\"bbox\":[1133.8,1201.8,1258.6,1476.8],\"lines\":[{\"bbox\":[1194.7,1203.8,1258.6,1243.6],\"text\":\"211\"},{\"bbox\":[1161.3,1260.9,1256.4,1301.9],\"text\":\"1,337\"},{\"bbox\":[1159.1,1319.2,1254.2,1360.2],\"text\":\"6,858\"},{\"bbox\":[1156.9,1377.5,1252.0,1418.5],\"text\":\"2,189\"},{\"bbox\":[1133.8,1435.0,1249.8,1476.8],\"text\":\"10,595\"}],\"order\":10,\"text\":\"211\\n1,337\\n6,858\\n2,189\\n10,595\"},{\"bbox\":[1443.5,1213.5,1526.6,1486.9],\"lines\":[{\"bbox\":[1452.3,1213.5,1526.6,1253.7],\"text\":\"6.35\"},{\"bbox\":[1450.1,1271.8,1524.4,1312.0],\"text\":\"1.20\"},{\"bbox\":[1447.9,1330.1,1522.2,1370.3],\"text\":\"3.19\"},{\"bbox\":[1445.7,1388.4,1520.0,1428.6],\"text\":\"3.33\"},{\"bbox\":[1443.5,1446.7,1517.8,1486.9],\"text\":\"3.03\"}],\"order\":11,\"text\":\"6.35\\n1.20\\n3.19\\n3.33\\n3.03\"},{\"bbox\":[1621.5,1102.6,1744.8,1203.7],\"lines\":[{\"bbox\":[1625.9,1102.7,1742.9,1137.0],\"text\":\"Average\"},{\"bbox\":[1622.7,1135.9,1743.5,1170.4],\"text\":\"Exercise\"},{\"bbox\":[1644.4,1170.1,1719.5,1202.9],\"text\":\"Price\"}],\"order\":12,\"text\":\"Average\\nExercise\\nPrice\"},{\"bbox\":[1566.8,1217.8,1589.1,1256.1],\"lines\":[{\"bbox\":[1566.8,1217.8,1589.1,1256.1],\"text\":\"$\"}],\"order\":13,\"text\":\"$\"},{\"bbox\":[1558.0,1451.0,1580.2,1489.3],\"lines\":[{\"bbox\":[1558.0,1451.0,1580.2,1489.3],\"text\":\"$\"}],\"order\":14,\"text\":\"$\"},{\"bbox\":[1687.7,1222.7,1791.7,1496.9],\"lines\":[{\"bbox\":[1696.5,1222.7,1791.7,1263.7],\"text\":\"55.83\"},{\"bbox\":[1694.3,1281.0,1789.5,1322.0],\"text\":\"62.98\"},{\"bbox\":[1692.1,1339.3,1787.3,1380.3],\"text\":\"71.47\"},{\"bbox\":[1689.9,1397.6,1785.0,1438.6],\"text\":\"80.92\"},{\"bbox\":[1687.7,1455.9,1782.8,1496.9],\"text\":\"72.04\"}],\"order\":15,\"text\":\"55.83\\n62.98\\n71.47\\n80.92\\n72.04\"},{\"bbox\":[1846.6,1061.1,2279.7,1223.9],\"lines\":[{\"bbox\":[1942.8,1064.6,2229.9,1105.4],\"text\":\"Options Exercisable\"},{\"bbox\":[2158.9,1122.8,2276.0,1157.2],\"text\":\"Average\"},{\"bbox\":[1901.4,1145.8,1998.1,1179.4],\"text\":\"Shares\"},{\"bbox\":[2155.8,1156.1,2276.6,1190.6],\"text\":\"Exercise\"},{\"bbox\":[1846.6,1177.1,2050.5,1214.8],\"text\":\"(in thousands)\"},{\"bbox\":[2177.4,1190.2,2252.6,1223.0],\"text\":\"Price\"}],\"order\":16,\"text\":\"Options Exercisable\\nAverage\\nShares\\nExercise\\n(in thousands)\\nPrice\"},{\"bbox\":[1933.4,1232.0,2058.2,1507.0],\"lines\":[{\"bbox\":[1994.3,1234.0,2058.2,1273.8],\"text\":\"133\"},{\"bbox\":[1960.9,1291.1,2056.0,1332.1],\"text\":\"1,257\"},{\"bbox\":[1958.7,1349.4,2053.8,1390.4],\"text\":\"6,536\"},{\"bbox\":[1956.5,1407.7,2051.6,1448.7],\"text\":\"2,189\"},{\"bbox\":[1933.4,1465.2,2049.4,1507.0],\"text\":\"10,115\"}],\"order\":17,\"text\":\"133\\n1,257\\n6,536\\n2,189\\n10,115\"},{\"bbox\":[2099.9,1238.0,2122.1,1276.2],\"lines\":[{\"bbox\":[2099.9,1238.0,2122.1,1276.2],\"text\":\"$\"}],\"order\":18,\"text\":\"$\"},{\"bbox\":[2091.1,1471.2,2113.3,1509.4],\"lines\":[{\"bbox\":[2091.1,1471.2,2113.3,1509.4],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[2220.8,1242.9,2324.7,1517.1],\"lines\":[{\"bbox\":[2229.6,1242.9,2324.7,1283.9],\"text\":\"55.83\"},{\"bbox\":[2227.4,1301.2,2322.5,1342.2],\"text\":\"62.72\"},{\"bbox\":[2225.2,1359.5,2320.3,1400.5],\"text\":\"71.27\"},{\"bbox\":[2223.0,1417.8,2318.1,1458.8],\"text\":\"80.92\"},{\"bbox\":[2220.8,1476.1,2315.9,1517.1],\"text\":\"72.09\"}],\"order\":20,\"text\":\"55.83\\n62.72\\n71.27\\n80.92\\n72.09\"},{\"bbox\":[191.5,1524.8,913.0,1589.5],\"lines\":[{\"bbox\":[191.5,1524.8,913.0,1589.5],\"text\":\"Discounted Employee Stock Purchase Plan\"}],\"order\":21,\"text\":\"Discounted Employee Stock Purchase Plan\"},{\"bbox\":[181.3,1595.6,2314.2,1913.2],\"lines\":[{\"bbox\":[288.7,1599.4,2314.2,1713.3],\"text\":\"We maintain an employee stock purchase plan for all eligible employees. Under this plan, shares of UPS class A common\"},{\"bbox\":[186.9,1645.6,2287.5,1762.3],\"text\":\"stock may be purchased at quarterly intervals at 95% of the NYSE closing price of UPS class B common stock on the last day\"},{\"bbox\":[185.0,1695.6,2285.4,1812.3],\"text\":\"of each quarterly period. Employees purchased 1.2, 1.3 and 1.5 million shares at average prices of $72.17, $66.86 and $57.98\"},{\"bbox\":[183.1,1745.5,2141.8,1856.9],\"text\":\"per share during 2012, 2011, and 2010, respectively. This plan is not considered to be compensatory, and therefore no\"},{\"bbox\":[181.3,1795.5,1293.3,1874.9],\"text\":\"compensation cost is measured for the employees’ purchase rights.\"}],\"order\":22,\"text\":\"We maintain an employee stock purchase plan for all eligible employees. Under this plan, shares of UPS class A common\\nstock may be purchased at quarterly intervals at 95% of the NYSE closing price of UPS class B common stock on the last day\\nof each quarterly period. Employees purchased 1.2, 1.3 and 1.5 million shares at average prices of $72.17, $66.86 and $57.98\\nper share during 2012, 2011, and 2010, respectively. This plan is not considered to be compensatory, and therefore no\\ncompensation cost is measured for the employees’ purchase rights.\"},{\"bbox\":[177.3,1899.0,1290.2,1978.4],\"lines\":[{\"bbox\":[177.3,1899.0,1290.2,1978.4],\"text\":\"NOTE 11. SEGMENT AND GEOGRAPHIC INFORMATION\"}],\"order\":23,\"text\":\"NOTE 11. SEGMENT AND GEOGRAPHIC INFORMATION\"},{\"bbox\":[169.0,1969.8,2253.3,2235.6],\"lines\":[{\"bbox\":[274.6,1973.5,2228.4,2084.8],\"text\":\"We report our operations in three segments: U.S. Domestic Package operations, International Package operations and\"},{\"bbox\":[172.8,2019.7,2197.2,2133.6],\"text\":\"Supply Chain & Freight operations. Package operations represent our most significant business and are broken down into\"},{\"bbox\":[170.9,2069.7,2249.6,2185.7],\"text\":\"regional operations around the world. Regional operations managers are responsible for both domestic and export operations\"},{\"bbox\":[169.0,2119.7,649.2,2175.3],\"text\":\"within their geographic area.\"}],\"order\":24,\"text\":\"We report our operations in three segments: U.S. Domestic Package operations, International Package operations and\\nSupply Chain & Freight operations. Package operations represent our most significant business and are broken down into\\nregional operations around the world. Regional operations managers are responsible for both domestic and export operations\\nwithin their geographic area.\"},{\"bbox\":[164.9,2228.0,559.5,2280.3],\"lines\":[{\"bbox\":[164.9,2228.0,559.5,2280.3],\"text\":\"U.S. Domestic Package\"}],\"order\":25,\"text\":\"U.S. Domestic Package\"},{\"bbox\":[160.4,2298.8,2293.5,2466.6],\"lines\":[{\"bbox\":[262.2,2302.5,2293.5,2416.7],\"text\":\"Domestic Package operations include the time-definite delivery of letters, documents and packages throughout the United\"},{\"bbox\":[160.4,2348.7,271.7,2390.4],\"text\":\"States.\"}],\"order\":26,\"text\":\"Domestic Package operations include the time-definite delivery of letters, documents and packages throughout the United\\nStates.\"},{\"bbox\":[156.3,2457.0,531.3,2508.6],\"lines\":[{\"bbox\":[156.3,2457.0,531.3,2508.6],\"text\":\"International Package\"}],\"order\":27,\"text\":\"International Package\"},{\"bbox\":[149.8,2527.8,2287.0,2745.7],\"lines\":[{\"bbox\":[253.5,2531.6,2147.0,2640.5],\"text\":\"International Package operations include delivery to more than 220 countries and territories worldwide, including\"},{\"bbox\":[151.7,2577.8,2285.1,2695.8],\"text\":\"shipments wholly outside the United States, as well as shipments with either origin or destination outside the United States. Our\"},{\"bbox\":[149.8,2627.7,2138.1,2740.3],\"text\":\"International Package reporting segment includes the operations of our Europe, Asia and Americas operating segments.\"}],\"order\":28,\"text\":\"International Package operations include delivery to more than 220 countries and territories worldwide, including\\nshipments wholly outside the United States, as well as shipments with either origin or destination outside the United States. Our\\nInternational Package reporting segment includes the operations of our Europe, Asia and Americas operating segments.\"},{\"bbox\":[145.7,2736.0,549.3,2788.7],\"lines\":[{\"bbox\":[145.7,2736.0,549.3,2788.7],\"text\":\"Supply Chain & Freight\"}],\"order\":29,\"text\":\"Supply Chain & Freight\"},{\"bbox\":[135.5,2806.8,2199.3,3121.8],\"lines\":[{\"bbox\":[243.0,2810.6,2199.3,2921.9],\"text\":\"Supply Chain & Freight includes our forwarding and logistics operations, UPS Freight and other aggregated business\"},{\"bbox\":[141.2,2856.8,2143.5,2969.8],\"text\":\"units. Our forwarding and logistics business provides services in more than 195 countries and territories worldwide, and\"},{\"bbox\":[139.3,2906.7,2174.2,3021.0],\"text\":\"includes supply chain design and management, freight distribution, customs brokerage, mail and consulting services. UPS\"},{\"bbox\":[137.4,2956.7,2184.5,3071.5],\"text\":\"Freight offers a variety of LTL and TL services to customers in North America. Other aggregated business units within this\"},{\"bbox\":[135.5,3006.7,1910.4,3111.2],\"text\":\"segment include Mail Boxes Etc. (the franchisor of Mail Boxes Etc. and The UPS Store) and UPS Capital.\"}],\"order\":30,\"text\":\"Supply Chain & Freight includes our forwarding and logistics operations, UPS Freight and other aggregated business\\nunits. Our forwarding and logistics business provides services in more than 195 countries and territories worldwide, and\\nincludes supply chain design and management, freight distribution, customs brokerage, mail and consulting services. UPS\\nFreight offers a variety of LTL and TL services to customers in North America. Other aggregated business units within this\\nsegment include Mail Boxes Etc. (the franchisor of Mail Boxes Etc. and The UPS Store) and UPS Capital.\"},{\"bbox\":[1178.3,3111.3,1221.4,3150.4],\"lines\":[{\"bbox\":[1178.3,3111.3,1221.4,3150.4],\"text\":\"92\"}],\"order\":31,\"text\":\"92\"}],\"doc\":\"fintabnet:UPS_2012\",\"dpi\":300,\"image_px\":[2513,3263],\"layout\":[],\"markdown\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\nExpected volatilities are based on the historical returns on our stock and the implied volatility of our publicly-traded\\noptions. The expected dividend yield is based on the recent historical dividend yields for our stock, taking into account changes\\nin dividend policy. The risk-free interest rate is based on the term structure of interest rates at the time of the option grant. The\\nexpected life represents an estimate of the period of time options are expected to remain outstanding, and we have relied upon a\\ncombination of the observed exercise behavior of our prior grants with similar characteristics, the vesting schedule of the\\ngrants, and an index of peer companies with similar grant characteristics in estimating this variable.\\n\\nWe received cash of $122, $92 and $60 million during 2012, 2011 and 2010, respectively, from option holders resulting\\nfrom the exercise of stock options. We received a tax benefit of $3, $6 and $4 million during 2012, 2011 and 2010, respectively,\\nfrom the exercise of stock options, which is reported as cash from financing activities in the cash flow statement.\\n\\nThe total intrinsic value of options exercised during 2012, 2011 and 2010 was $39, $31 and $18 million, respectively. As\\nof December 31, 2012, there was $2 million of total unrecognized compensation cost related to nonvested options. That cost is\\nexpected to be recognized over a weighted average period of 3 years and 4 months.\\n\\nThe following table summarizes information about stock options outstanding and exercisable at December 31, 2012:\\n\\nOptions Outstanding\\n\\nExercise Price Range\\n\\n$50.01 - $60.00\\n$60.01 - $70.00\\n$70.01 - $80.00\\n$80.01 - $90.00\\n\\nShares\\n(in thousands)\\n\\nAverage Life\\n(in years)\\n\\n211\\n1,337\\n6,858\\n2,189\\n10,595\\n\\n6.35\\n1.20\\n3.19\\n3.33\\n3.03\\n\\nAverage\\nExercise\\nPrice\\n\\n$\\n\\n$\\n\\n55.83\\n62.98\\n71.47\\n80.92\\n72.04\\n\\nOptions Exercisable\\nAverage\\nShares\\nExercise\\n(in thousands)\\nPrice\\n\\n133\\n1,257\\n6,536\\n2,189\\n10,115\\n\\n$\\n\\n$\\n\\n55.83\\n62.72\\n71.27\\n80.92\\n72.09\\n\\nDiscounted Employee Stock Purchase Plan\\n\\nWe maintain an employee stock purchase plan for all eligible employees. Under this plan, shares of UPS class A common\\nstock may be purchased at quarterly intervals at 95% of the NYSE closing price of UPS class B common stock on the last day\\nof each quarterly period. Employees purchased 1.2, 1.3 and 1.5 million shares at average prices of $72.17, $66.86 and $57.98\\nper share during 2012, 2011, and 2010, respectively. This plan is not considered to be compensatory, and therefore no\\ncompensation cost is measured for the employees’ purchase rights.\\n\\nNOTE 11. SEGMENT AND GEOGRAPHIC INFORMATION\\n\\nWe report our operations in three segments: U.S. Domestic Package operations, International Package operations and\\nSupply Chain & Freight operations. Package operations represent our most significant business and are broken down into\\nregional operations around the world. Regional operations managers are responsible for both domestic and export operations\\nwithin their geographic area.\\n\\nU.S. Domestic Package\\n\\nDomestic Package operations include the time-definite delivery of letters, documents and packages throughout the United\\nStates.\\n\\nInternational Package\\n\\nInternational Package operations include delivery to more than 220 countries and territories worldwide, including\\nshipments wholly outside the United States, as well as shipments with either origin or destination outside the United States. Our\\nInternational Package reporting segment includes the operations of our Europe, Asia and Americas operating segments.\\n\\nSupply Chain & Freight\\n\\nSupply Chain & Freight includes our forwarding and logistics operations, UPS Freight and other aggregated business\\nunits. Our forwarding and logistics business provides services in more than 195 countries and territories worldwide, and\\nincludes supply chain design and management, freight distribution, customs brokerage, mail and consulting services. UPS\\nFreight offers a variety of LTL and TL services to customers in North America. Other aggregated business units within this\\nsegment include Mail Boxes Etc. (the franchisor of Mail Boxes Etc. and The UPS Store) and UPS Capital.\\n\\n92\",\"name\":\"fintabnet.UPS_2012_page_104__300dpi_heavy\",\"page_id\":\"fintabnet.UPS_2012_page_104\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.163,\"source\":\"fintabnet\",\"source_id\":\"UPS_2012_page_104\",\"stack\":[{\"deg\":-2.163,\"op\":\"skew\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":5.349,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":10.234},{\"gain\":0.5,\"op\":\"contrast\"},{\"bias\":0.147,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":29}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[208.6,987.7,2331.5,1519.7],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20],\"cells\":null}],\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\nExpected volatilities are based on the historical returns on our stock and the implied volatility of our publicly-traded\\noptions. The expected dividend yield is based on the recent historical dividend yields for our stock, taking into account changes\\nin dividend policy. The risk-free interest rate is based on the term structure of interest rates at the time of the option grant. The\\nexpected life represents an estimate of the period of time options are expected to remain outstanding, and we have relied upon a\\ncombination of the observed exercise behavior of our prior grants with similar characteristics, the vesting schedule of the\\ngrants, and an index of peer companies with similar grant characteristics in estimating this variable.\\n\\nWe received cash of $122, $92 and $60 million during 2012, 2011 and 2010, respectively, from option holders resulting\\nfrom the exercise of stock options. We received a tax benefit of $3, $6 and $4 million during 2012, 2011 and 2010, respectively,\\nfrom the exercise of stock options, which is reported as cash from financing activities in the cash flow statement.\\n\\nThe total intrinsic value of options exercised during 2012, 2011 and 2010 was $39, $31 and $18 million, respectively. As\\nof December 31, 2012, there was $2 million of total unrecognized compensation cost related to nonvested options. That cost is\\nexpected to be recognized over a weighted average period of 3 years and 4 months.\\n\\nThe following table summarizes information about stock options outstanding and exercisable at December 31, 2012:\\n\\nOptions Outstanding\\n\\nExercise Price Range\\n\\n$50.01 - $60.00\\n$60.01 - $70.00\\n$70.01 - $80.00\\n$80.01 - $90.00\\n\\nShares\\n(in thousands)\\n\\nAverage Life\\n(in years)\\n\\n211\\n1,337\\n6,858\\n2,189\\n10,595\\n\\n6.35\\n1.20\\n3.19\\n3.33\\n3.03\\n\\nAverage\\nExercise\\nPrice\\n\\n$\\n\\n$\\n\\n55.83\\n62.98\\n71.47\\n80.92\\n72.04\\n\\nOptions Exercisable\\nAverage\\nShares\\nExercise\\n(in thousands)\\nPrice\\n\\n133\\n1,257\\n6,536\\n2,189\\n10,115\\n\\n$\\n\\n$\\n\\n55.83\\n62.72\\n71.27\\n80.92\\n72.09\\n\\nDiscounted Employee Stock Purchase Plan\\n\\nWe maintain an employee stock purchase plan for all eligible employees. Under this plan, shares of UPS class A common\\nstock may be purchased at quarterly intervals at 95% of the NYSE closing price of UPS class B common stock on the last day\\nof each quarterly period. Employees purchased 1.2, 1.3 and 1.5 million shares at average prices of $72.17, $66.86 and $57.98\\nper share during 2012, 2011, and 2010, respectively. This plan is not considered to be compensatory, and therefore no\\ncompensation cost is measured for the employees’ purchase rights.\\n\\nNOTE 11. SEGMENT AND GEOGRAPHIC INFORMATION\\n\\nWe report our operations in three segments: U.S. Domestic Package operations, International Package operations and\\nSupply Chain & Freight operations. Package operations represent our most significant business and are broken down into\\nregional operations around the world. Regional operations managers are responsible for both domestic and export operations\\nwithin their geographic area.\\n\\nU.S. Domestic Package\\n\\nDomestic Package operations include the time-definite delivery of letters, documents and packages throughout the United\\nStates.\\n\\nInternational Package\\n\\nInternational Package operations include delivery to more than 220 countries and territories worldwide, including\\nshipments wholly outside the United States, as well as shipments with either origin or destination outside the United States. Our\\nInternational Package reporting segment includes the operations of our Europe, Asia and Americas operating segments.\\n\\nSupply Chain & Freight\\n\\nSupply Chain & Freight includes our forwarding and logistics operations, UPS Freight and other aggregated business\\nunits. Our forwarding and logistics business provides services in more than 195 countries and territories worldwide, and\\nincludes supply chain design and management, freight distribution, customs brokerage, mail and consulting services. UPS\\nFreight offers a variety of LTL and TL services to customers in North America. Other aggregated business units within this\\nsegment include Mail Boxes Etc. (the franchisor of Mail Boxes Etc. and The UPS Store) and UPS Capital.\\n\\n92\"},\"name\":\"fintabnet.UPS_2012_page_104__300dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":155330,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:UPS_2012\",\"dpi\":300,\"gt_sha256\":\"9c07491e54a9d9a3c9e2844861fe8d6b2c48aafc76f41ac4724d5e452dc99420\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.UPS_2012_page_104__300dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.UPS_2012_page_104\",\"pdf_sha256\":\"095fb39a6614713394c5e4a6589f4753f20420f84cb5759732b2c55f478c8397\",\"px\":[2513,3263],\"scan\":{\"render\":\"07e03ffe3ffc3ffe3ffc01e8200200087ffe3f007ffc60007d0070187ffc0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"UPS_2012_page_104\",\"src\":{\"file_sha256\":\"60de676523b2538d28047321381f509981191f6585cc481bc927eff5fc4ee495\",\"render\":\"07607ffc7ffc3ffc3fc801fe615a03187ffc3f007e400000380430007ffc0000\",\"text\":\"a808d0417245a130822152a1da02917e8548f5ba177a56ad0ae6530403a8dbb0\"},\"stack\":[{\"deg\":-2.163,\"op\":\"skew\"},{\"angle\":0.0,\"kind\":\"motion\",\"length\":5.349,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":10.234},{\"gain\":0.5,\"op\":\"contrast\"},{\"bias\":0.147,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":29}],\"tools\":\"21647cade0ee\"},\"sha256\":\"095fb39a6614713394c5e4a6589f4753f20420f84cb5759732b2c55f478c8397\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/095fb39a6614713394c5e4a6589f4753f20420f84cb5759732b2c55f478c8397.pdf","asset_sha256":"095fb39a6614713394c5e4a6589f4753f20420f84cb5759732b2c55f478c8397","document_id":"fintabnet:UPS_2012","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UPS_2012_page_104\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UPS_2012_page_116\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:UPS_2012\",\"ground_truth\":{\"blocks\":[{\"bbox\":[729.7,113.8,1820.0,215.0],\"lines\":[{\"bbox\":[753.3,114.1,1797.0,164.7],\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\"},{\"bbox\":[729.7,163.8,1819.3,215.0],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"}],\"order\":0,\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[204.6,230.1,1191.9,280.0],\"lines\":[{\"bbox\":[204.6,230.1,1191.9,280.0],\"text\":\"NOTE 17. QUARTERLY INFORMATION (unaudited)\"}],\"order\":1,\"text\":\"NOTE 17. QUARTERLY INFORMATION (unaudited)\"},{\"bbox\":[203.1,301.0,2330.6,415.2],\"lines\":[{\"bbox\":[303.7,302.2,2330.6,365.2],\"text\":\"Our revenue, segment operating profit, net income, basic and diluted earnings per share on a quarterly basis are presented\"},{\"bbox\":[203.1,351.0,977.8,398.2],\"text\":\"below (in millions, except per share amounts):\"}],\"order\":2,\"text\":\"Our revenue, segment operating profit, net income, basic and diluted earnings per share on a quarterly basis are presented\\nbelow (in millions, except per share amounts):\"},{\"bbox\":[872.4,441.9,1132.6,525.1],\"lines\":[{\"bbox\":[905.8,442.3,1099.6,474.7],\"text\":\"First Quarter\"},{\"bbox\":[872.4,491.9,939.5,522.7],\"text\":\"2012\"},{\"bbox\":[1064.9,494.3,1132.0,525.1],\"text\":\"2011\"}],\"order\":3,\"text\":\"First Quarter\\n2012\\n2011\"},{\"bbox\":[203.7,534.2,775.6,1337.1],\"lines\":[{\"bbox\":[213.3,534.2,371.1,573.7],\"text\":\"Revenue:\"},{\"bbox\":[262.5,593.2,656.5,635.6],\"text\":\"U.S. Domestic Package\"},{\"bbox\":[261.8,651.5,624.5,693.5],\"text\":\"International Package\"},{\"bbox\":[261.1,709.8,663.3,752.4],\"text\":\"Supply Chain & Freight\"},{\"bbox\":[310.4,768.8,541.1,809.2],\"text\":\"Total revenue\"},{\"bbox\":[209.6,825.9,594.3,868.2],\"text\":\"Operating profit (loss):\"},{\"bbox\":[258.9,884.8,652.9,927.3],\"text\":\"U.S. Domestic Package\"},{\"bbox\":[258.1,943.2,620.8,985.2],\"text\":\"International Package\"},{\"bbox\":[257.4,1001.5,659.6,1044.1],\"text\":\"Supply Chain & Freight\"},{\"bbox\":[306.7,1060.5,769.0,1103.8],\"text\":\"Total operating profit (loss)\"},{\"bbox\":[205.9,1117.6,502.7,1158.8],\"text\":\"Net income (loss)\"},{\"bbox\":[205.2,1175.9,675.5,1219.3],\"text\":\"Net income (loss) per share:\"},{\"bbox\":[254.5,1234.9,347.5,1273.5],\"text\":\"Basic\"},{\"bbox\":[253.8,1293.2,379.2,1332.3],\"text\":\"Diluted\"}],\"order\":4,\"text\":\"Revenue:\\nU.S. Domestic Package\\nInternational Package\\nSupply Chain & Freight\\nTotal revenue\\nOperating profit (loss):\\nU.S. Domestic Package\\nInternational Package\\nSupply Chain & Freight\\nTotal operating profit (loss)\\nNet income (loss)\\nNet income (loss) per share:\\nBasic\\nDiluted\"},{\"bbox\":[1255.8,446.7,1516.0,529.9],\"lines\":[{\"bbox\":[1272.5,446.9,1499.7,479.7],\"text\":\"Second Quarter\"},{\"bbox\":[1255.8,496.7,1322.8,527.5],\"text\":\"2012\"},{\"bbox\":[1448.3,499.1,1515.4,529.9],\"text\":\"2011\"}],\"order\":5,\"text\":\"Second Quarter\\n2012\\n2011\"},{\"bbox\":[1639.2,451.5,1899.4,534.8],\"lines\":[{\"bbox\":[1665.0,451.8,1873.8,484.4],\"text\":\"Third Quarter\"},{\"bbox\":[1639.2,501.5,1706.2,532.3],\"text\":\"2012\"},{\"bbox\":[1831.7,503.9,1898.8,534.8],\"text\":\"2011\"}],\"order\":6,\"text\":\"Third Quarter\\n2012\\n2011\"},{\"bbox\":[2022.6,456.3,2282.8,539.6],\"lines\":[{\"bbox\":[2040.1,456.5,2265.4,489.3],\"text\":\"Fourth Quarter\"},{\"bbox\":[2022.6,506.3,2089.6,537.2],\"text\":\"2012\"},{\"bbox\":[2215.1,508.7,2282.1,539.6],\"text\":\"2011\"}],\"order\":7,\"text\":\"Fourth Quarter\\n2012\\n2011\"},{\"bbox\":[827.1,600.3,978.1,814.7],\"lines\":[{\"bbox\":[829.3,600.3,978.1,639.6],\"text\":\"$ 8,004\"},{\"bbox\":[883.1,659.3,977.4,698.0],\"text\":\"2,966\"},{\"bbox\":[882.4,717.6,976.6,756.3],\"text\":\"2,166\"},{\"bbox\":[860.8,775.7,975.9,814.7],\"text\":\"13,136\"}],\"order\":8,\"text\":\"$ 8,004\\n2,966\\n2,166\\n13,136\"},{\"bbox\":[1018.8,602.7,1169.8,817.1],\"lines\":[{\"bbox\":[1021.0,602.7,1169.8,642.0],\"text\":\"$ 7,543\"},{\"bbox\":[1074.8,661.7,1169.1,700.4],\"text\":\"2,900\"},{\"bbox\":[1074.1,720.0,1168.3,758.7],\"text\":\"2,139\"},{\"bbox\":[1052.5,778.1,1167.6,817.1],\"text\":\"12,582\"}],\"order\":9,\"text\":\"$ 7,543\\n2,900\\n2,139\\n12,582\"},{\"bbox\":[1210.5,605.1,1361.5,819.5],\"lines\":[{\"bbox\":[1212.7,605.1,1361.5,644.5],\"text\":\"$ 8,058\"},{\"bbox\":[1266.5,664.1,1360.8,702.8],\"text\":\"3,014\"},{\"bbox\":[1265.8,722.5,1360.0,761.1],\"text\":\"2,277\"},{\"bbox\":[1244.2,780.5,1359.3,819.5],\"text\":\"13,349\"}],\"order\":10,\"text\":\"$ 8,058\\n3,014\\n2,277\\n13,349\"},{\"bbox\":[1402.2,607.5,1553.2,821.9],\"lines\":[{\"bbox\":[1404.4,607.5,1553.2,646.9],\"text\":\"$ 7,737\"},{\"bbox\":[1458.2,666.5,1552.4,705.2],\"text\":\"3,139\"},{\"bbox\":[1457.5,724.9,1551.7,763.5],\"text\":\"2,315\"},{\"bbox\":[1435.9,782.9,1551.0,821.9],\"text\":\"13,191\"}],\"order\":11,\"text\":\"$ 7,737\\n3,139\\n2,315\\n13,191\"},{\"bbox\":[1593.8,609.9,1744.9,824.3],\"lines\":[{\"bbox\":[1596.0,609.9,1744.9,649.3],\"text\":\"$ 7,861\"},{\"bbox\":[1649.9,668.9,1744.1,707.6],\"text\":\"2,943\"},{\"bbox\":[1649.2,727.3,1743.4,766.0],\"text\":\"2,267\"},{\"bbox\":[1627.6,785.3,1742.7,824.3],\"text\":\"13,071\"}],\"order\":12,\"text\":\"$ 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8,933\\n3,201\\n2,437\\n14,571\"},{\"bbox\":[822.7,892.0,974.6,1164.7],\"lines\":[{\"bbox\":[911.7,893.0,974.6,931.3],\"text\":\"995\"},{\"bbox\":[910.9,951.4,973.9,989.7],\"text\":\"408\"},{\"bbox\":[910.2,1009.7,973.2,1048.0],\"text\":\"166\"},{\"bbox\":[878.0,1067.7,972.2,1106.3],\"text\":\"1,569\"},{\"bbox\":[822.7,1125.3,844.0,1163.1],\"text\":\"$\"},{\"bbox\":[908.7,1126.4,971.7,1164.7],\"text\":\"970\"}],\"order\":15,\"text\":\"995\\n408\\n166\\n1,569\\n$\\n970\"},{\"bbox\":[1014.4,894.4,1166.3,1167.1],\"lines\":[{\"bbox\":[1103.4,895.5,1166.3,933.7],\"text\":\"880\"},{\"bbox\":[1102.6,953.8,1165.6,992.1],\"text\":\"453\"},{\"bbox\":[1101.9,1012.1,1164.9,1050.4],\"text\":\"139\"},{\"bbox\":[1069.7,1070.1,1163.9,1108.8],\"text\":\"1,472\"},{\"bbox\":[1014.4,1127.7,1035.7,1165.5],\"text\":\"$\"},{\"bbox\":[1100.4,1128.8,1163.4,1167.1],\"text\":\"915\"}],\"order\":16,\"text\":\"880\\n453\\n139\\n1,472\\n$\\n915\"},{\"bbox\":[1206.1,896.8,1358.0,1169.5],\"lines\":[{\"bbox\":[1263.6,897.5,1357.8,936.1],\"text\":\"1,134\"},{\"bbox\":[1294.3,956.2,1357.3,994.5],\"text\":\"454\"},{\"bbox\":[1293.6,1014.5,1356.6,1052.8],\"text\":\"202\"},{\"bbox\":[1261.4,1072.5,1355.6,1111.2],\"text\":\"1,790\"},{\"bbox\":[1206.1,1130.1,1354.9,1169.5],\"text\":\"$ 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1,092\"},{\"bbox\":[1589.4,1134.9,1610.8,1172.7],\"lines\":[{\"bbox\":[1589.4,1134.9,1610.8,1172.7],\"text\":\"$\"}],\"order\":19,\"text\":\"$\"},{\"bbox\":[1675.5,902.7,1741.4,1174.3],\"lines\":[{\"bbox\":[1678.4,902.7,1741.4,941.0],\"text\":\"129\"},{\"bbox\":[1677.7,961.0,1740.7,999.3],\"text\":\"449\"},{\"bbox\":[1677.0,1019.4,1739.9,1057.6],\"text\":\"188\"},{\"bbox\":[1676.2,1077.7,1739.2,1116.0],\"text\":\"766\"},{\"bbox\":[1675.5,1136.0,1738.5,1174.3],\"text\":\"469\"}],\"order\":20,\"text\":\"129\\n449\\n188\\n766\\n469\"},{\"bbox\":[1781.1,904.0,1933.1,1176.7],\"lines\":[{\"bbox\":[1838.7,904.7,1932.9,943.4],\"text\":\"1,046\"},{\"bbox\":[1869.4,963.4,1932.4,1001.7],\"text\":\"417\"},{\"bbox\":[1868.7,1021.8,1931.6,1060.1],\"text\":\"203\"},{\"bbox\":[1836.5,1079.7,1930.7,1118.4],\"text\":\"1,666\"},{\"bbox\":[1781.1,1137.4,1930.0,1176.7],\"text\":\"$ 1,072\"}],\"order\":21,\"text\":\"1,046\\n417\\n203\\n1,666\\n$ 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(1.83) $\"},{\"bbox\":[1970.6,1314.6,2183.6,1355.0],\"text\":\"$ (1.83) $\"}],\"order\":30,\"text\":\"$ (1.83) $\\n$ (1.83) $\"},{\"bbox\":[896.1,1242.9,970.2,1339.7],\"lines\":[{\"bbox\":[896.9,1242.9,970.2,1281.4],\"text\":\"1.01\"},{\"bbox\":[896.1,1301.3,969.5,1339.7],\"text\":\"1.00\"}],\"order\":31,\"text\":\"1.01\\n1.00\"},{\"bbox\":[1087.8,1245.3,1161.9,1342.1],\"lines\":[{\"bbox\":[1088.5,1245.3,1161.9,1283.8],\"text\":\"0.92\"},{\"bbox\":[1087.8,1303.7,1161.2,1342.1],\"text\":\"0.91\"}],\"order\":32,\"text\":\"0.92\\n0.91\"},{\"bbox\":[1279.5,1247.8,1353.6,1344.5],\"lines\":[{\"bbox\":[1280.2,1247.8,1353.6,1286.2],\"text\":\"1.16\"},{\"bbox\":[1279.5,1306.1,1352.9,1344.5],\"text\":\"1.15\"}],\"order\":33,\"text\":\"1.16\\n1.15\"},{\"bbox\":[1471.2,1250.2,1545.3,1346.9],\"lines\":[{\"bbox\":[1471.9,1250.2,1545.3,1288.6],\"text\":\"1.11\"},{\"bbox\":[1471.2,1308.5,1544.6,1346.9],\"text\":\"1.09\"}],\"order\":34,\"text\":\"1.11\\n1.09\"},{\"bbox\":[1854.6,1255.0,1928.7,1351.7],\"lines\":[{\"bbox\":[1855.3,1255.0,1928.7,1293.4],\"text\":\"1.10\"},{\"bbox\":[1854.6,1313.3,1928.0,1351.7],\"text\":\"1.09\"}],\"order\":35,\"text\":\"1.10\\n1.09\"},{\"bbox\":[2168.9,617.1,2319.9,831.5],\"lines\":[{\"bbox\":[2171.1,617.1,2319.9,656.5],\"text\":\"$ 8,670\"},{\"bbox\":[2225.0,676.2,2319.2,714.8],\"text\":\"3,153\"},{\"bbox\":[2224.2,734.5,2318.5,773.2],\"text\":\"2,343\"},{\"bbox\":[2202.7,792.6,2317.7,831.5],\"text\":\"14,166\"}],\"order\":36,\"text\":\"$ 8,670\\n3,153\\n2,343\\n14,166\"},{\"bbox\":[2237.9,1259.8,2312.1,1356.6],\"lines\":[{\"bbox\":[2238.7,1259.8,2312.1,1298.2],\"text\":\"0.75\"},{\"bbox\":[2237.9,1318.1,2311.3,1356.6],\"text\":\"0.74\"}],\"order\":37,\"text\":\"0.75\\n0.74\"},{\"bbox\":[188.0,1396.9,2318.3,1611.1],\"lines\":[{\"bbox\":[289.9,1398.1,2137.7,1458.9],\"text\":\"Operating profit for the quarter ended September 30, 2012 was impacted by a charge for the establishment of a\"},{\"bbox\":[189.3,1446.9,2175.6,1509.3],\"text\":\"withdrawal liability related to our withdrawal from the New England Teamsters and Trucking Industry Pension Fund, a\"},{\"bbox\":[188.7,1496.9,2317.0,1561.1],\"text\":\"multiemployer pension plan. This charge reduced the operating profit for the U.S. Domestic Package segment by $896 million,\"},{\"bbox\":[188.0,1546.9,1492.8,1600.8],\"text\":\"net income by $559 million and basic and diluted earnings per share by $0.58.\"}],\"order\":38,\"text\":\"Operating profit for the quarter ended September 30, 2012 was impacted by a charge for the establishment of a\\nwithdrawal liability related to our withdrawal from the New England Teamsters and Trucking Industry Pension Fund, a\\nmultiemployer pension plan. This charge reduced the operating profit for the U.S. Domestic Package segment by $896 million,\\nnet income by $559 million and basic and diluted earnings per share by $0.58.\"},{\"bbox\":[184.4,1634.4,2291.4,1898.4],\"lines\":[{\"bbox\":[287.0,1635.7,2249.0,1697.8],\"text\":\"Operating profit for the quarter ended December 31, 2012 was impacted by a mark-to-market loss on our pension and\"},{\"bbox\":[186.3,1684.4,2290.8,1748.3],\"text\":\"postretirement benefit plans related to the remeasurement of plan assets and liabilities recognized outside of a 10% corridor of\"},{\"bbox\":[185.7,1734.4,2201.2,1797.2],\"text\":\"$4.831 billion (allocated as follows—U.S. Domestic Package $3.177 billion, International Package $941 million, Supply\"},{\"bbox\":[185.1,1784.4,2239.2,1847.7],\"text\":\"Chain & Freight $713 million). This loss reduced net income by $3.023 billion, and basic and diluted earnings per share by\"},{\"bbox\":[184.4,1834.4,289.1,1873.2],\"text\":\"$3.16.\"}],\"order\":39,\"text\":\"Operating profit for the quarter ended December 31, 2012 was impacted by a mark-to-market loss on our pension and\\npostretirement benefit plans related to the remeasurement of plan assets and liabilities recognized outside of a 10% corridor of\\n$4.831 billion (allocated as follows—U.S. Domestic Package $3.177 billion, International Package $941 million, Supply\\nChain & Freight $713 million). This loss reduced net income by $3.023 billion, and basic and diluted earnings per share by\\n$3.16.\"},{\"bbox\":[181.4,1921.9,2297.1,2136.0],\"lines\":[{\"bbox\":[283.3,1923.2,2297.1,1986.0],\"text\":\"Operating profit for the quarter ended June 30, 2011 was impacted by gains and losses on certain real estate transactions,\"},{\"bbox\":[182.7,1971.9,2207.6,2034.9],\"text\":\"including a $15 million loss in the U.S. Domestic Package segment and a $48 million gain in the Supply Chain & Freight\"},{\"bbox\":[182.1,2021.9,2262.5,2085.6],\"text\":\"segment. The combined impact of these transactions increased net income by $20 million, and basic and diluted earnings per\"},{\"bbox\":[181.4,2071.9,436.5,2112.6],\"text\":\"share by $0.02.\"}],\"order\":40,\"text\":\"Operating profit for the quarter ended June 30, 2011 was impacted by gains and losses on certain real estate transactions,\\nincluding a $15 million loss in the U.S. Domestic Package segment and a $48 million gain in the Supply Chain & Freight\\nsegment. The combined impact of these transactions increased net income by $20 million, and basic and diluted earnings per\\nshare by $0.02.\"},{\"bbox\":[178.5,2159.4,2309.3,2373.7],\"lines\":[{\"bbox\":[280.4,2160.7,2240.8,2222.8],\"text\":\"Operating profit for the quarter ended December 31, 2011 was impacted by a mark-to-market loss on our pension and\"},{\"bbox\":[179.7,2209.4,2284.2,2273.4],\"text\":\"postretirement benefit plans related to the remeasurement of plan assets and liabilities recognized outside of a 10% corridor of\"},{\"bbox\":[179.1,2259.4,2308.0,2323.7],\"text\":\"$827 million (allocated as follows—U.S. Domestic Package $479 million, International Package $171 million, Supply Chain &\"},{\"bbox\":[178.5,2309.5,2174.6,2372.0],\"text\":\"Freight $177 million). This loss reduced net income by $527 million, and basic and diluted earnings per share by $0.54.\"}],\"order\":41,\"text\":\"Operating profit for the quarter ended December 31, 2011 was impacted by a mark-to-market loss on our pension and\\npostretirement benefit plans related to the remeasurement of plan assets and liabilities recognized outside of a 10% corridor of\\n$827 million (allocated as follows—U.S. Domestic Package $479 million, International Package $171 million, Supply Chain &\\nFreight $177 million). This loss reduced net income by $527 million, and basic and diluted earnings per share by $0.54.\"},{\"bbox\":[1206.2,3112.8,1269.1,3151.0],\"lines\":[{\"bbox\":[1206.2,3112.8,1269.1,3151.0],\"text\":\"104\"}],\"order\":42,\"text\":\"104\"}],\"doc\":\"fintabnet:UPS_2012\",\"dpi\":300,\"image_px\":[2513,3263],\"layout\":[],\"markdown\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\nNOTE 17. QUARTERLY INFORMATION (unaudited)\\n\\nOur revenue, segment operating profit, net income, basic and diluted earnings per share on a quarterly basis are presented\\nbelow (in millions, except per share amounts):\\n\\nFirst Quarter\\n2012\\n2011\\n\\nRevenue:\\nU.S. Domestic Package\\nInternational Package\\nSupply Chain & Freight\\nTotal revenue\\nOperating profit (loss):\\nU.S. Domestic Package\\nInternational Package\\nSupply Chain & Freight\\nTotal operating profit (loss)\\nNet income (loss)\\nNet income (loss) per share:\\nBasic\\nDiluted\\n\\nSecond Quarter\\n2012\\n2011\\n\\nThird Quarter\\n2012\\n2011\\n\\nFourth Quarter\\n2012\\n2011\\n\\n$ 8,004\\n2,966\\n2,166\\n13,136\\n\\n$ 7,543\\n2,900\\n2,139\\n12,582\\n\\n$ 8,058\\n3,014\\n2,277\\n13,349\\n\\n$ 7,737\\n3,139\\n2,315\\n13,191\\n\\n$ 7,861\\n2,943\\n2,267\\n13,071\\n\\n$ 7,767\\n3,057\\n2,342\\n13,166\\n\\n$ 8,933\\n3,201\\n2,437\\n14,571\\n\\n995\\n408\\n166\\n1,569\\n$\\n970\\n\\n880\\n453\\n139\\n1,472\\n$\\n915\\n\\n1,134\\n454\\n202\\n1,790\\n$ 1,116\\n\\n997\\n505\\n243\\n1,745\\n$ 1,092\\n\\n$\\n\\n129\\n449\\n188\\n766\\n469\\n\\n1,046\\n417\\n203\\n1,666\\n$ 1,072\\n\\n(1,799)\\n841\\n(442)\\n334\\n(541)\\n22\\n(2,782)\\n1,197\\n$ (1,748) $\\n725\\n\\n$\\n$\\n\\n$\\n$\\n\\n$\\n$\\n\\n$\\n$\\n\\n$\\n$\\n\\n0.49\\n0.48\\n\\n$\\n$\\n\\n$ (1.83) $\\n$ (1.83) $\\n\\n1.01\\n1.00\\n\\n0.92\\n0.91\\n\\n1.16\\n1.15\\n\\n1.11\\n1.09\\n\\n1.10\\n1.09\\n\\n$ 8,670\\n3,153\\n2,343\\n14,166\\n\\n0.75\\n0.74\\n\\nOperating profit for the quarter ended September 30, 2012 was impacted by a charge for the establishment of a\\nwithdrawal liability related to our withdrawal from the New England Teamsters and Trucking Industry Pension Fund, a\\nmultiemployer pension plan. This charge reduced the operating profit for the U.S. Domestic Package segment by $896 million,\\nnet income by $559 million and basic and diluted earnings per share by $0.58.\\n\\nOperating profit for the quarter ended December 31, 2012 was impacted by a mark-to-market loss on our pension and\\npostretirement benefit plans related to the remeasurement of plan assets and liabilities recognized outside of a 10% corridor of\\n$4.831 billion (allocated as follows—U.S. Domestic Package $3.177 billion, International Package $941 million, Supply\\nChain & Freight $713 million). This loss reduced net income by $3.023 billion, and basic and diluted earnings per share by\\n$3.16.\\n\\nOperating profit for the quarter ended June 30, 2011 was impacted by gains and losses on certain real estate transactions,\\nincluding a $15 million loss in the U.S. Domestic Package segment and a $48 million gain in the Supply Chain & Freight\\nsegment. The combined impact of these transactions increased net income by $20 million, and basic and diluted earnings per\\nshare by $0.02.\\n\\nOperating profit for the quarter ended December 31, 2011 was impacted by a mark-to-market loss on our pension and\\npostretirement benefit plans related to the remeasurement of plan assets and liabilities recognized outside of a 10% corridor of\\n$827 million (allocated as follows—U.S. Domestic Package $479 million, International Package $171 million, Supply Chain &\\nFreight $177 million). This loss reduced net income by $527 million, and basic and diluted earnings per share by $0.54.\\n\\n104\",\"name\":\"fintabnet.UPS_2012_page_116__300dpi_mild\",\"page_id\":\"fintabnet.UPS_2012_page_116\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.72,\"source\":\"fintabnet\",\"source_id\":\"UPS_2012_page_116\",\"stack\":[{\"deg\":-0.72,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.309},{\"op\":\"noise\",\"sigma\":3.315},{\"gain\":0.924,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":86}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[203.7,421.5,2322.3,1359.2],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37],\"cells\":null}],\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\nNOTE 17. QUARTERLY INFORMATION (unaudited)\\n\\nOur revenue, segment operating profit, net income, basic and diluted earnings per share on a quarterly basis are presented\\nbelow (in millions, except per share amounts):\\n\\nFirst Quarter\\n2012\\n2011\\n\\nRevenue:\\nU.S. Domestic Package\\nInternational Package\\nSupply Chain & Freight\\nTotal revenue\\nOperating profit (loss):\\nU.S. Domestic Package\\nInternational Package\\nSupply Chain & Freight\\nTotal operating profit (loss)\\nNet income (loss)\\nNet income (loss) per share:\\nBasic\\nDiluted\\n\\nSecond Quarter\\n2012\\n2011\\n\\nThird Quarter\\n2012\\n2011\\n\\nFourth Quarter\\n2012\\n2011\\n\\n$ 8,004\\n2,966\\n2,166\\n13,136\\n\\n$ 7,543\\n2,900\\n2,139\\n12,582\\n\\n$ 8,058\\n3,014\\n2,277\\n13,349\\n\\n$ 7,737\\n3,139\\n2,315\\n13,191\\n\\n$ 7,861\\n2,943\\n2,267\\n13,071\\n\\n$ 7,767\\n3,057\\n2,342\\n13,166\\n\\n$ 8,933\\n3,201\\n2,437\\n14,571\\n\\n995\\n408\\n166\\n1,569\\n$\\n970\\n\\n880\\n453\\n139\\n1,472\\n$\\n915\\n\\n1,134\\n454\\n202\\n1,790\\n$ 1,116\\n\\n997\\n505\\n243\\n1,745\\n$ 1,092\\n\\n$\\n\\n129\\n449\\n188\\n766\\n469\\n\\n1,046\\n417\\n203\\n1,666\\n$ 1,072\\n\\n(1,799)\\n841\\n(442)\\n334\\n(541)\\n22\\n(2,782)\\n1,197\\n$ (1,748) $\\n725\\n\\n$\\n$\\n\\n$\\n$\\n\\n$\\n$\\n\\n$\\n$\\n\\n$\\n$\\n\\n0.49\\n0.48\\n\\n$\\n$\\n\\n$ (1.83) $\\n$ (1.83) $\\n\\n1.01\\n1.00\\n\\n0.92\\n0.91\\n\\n1.16\\n1.15\\n\\n1.11\\n1.09\\n\\n1.10\\n1.09\\n\\n$ 8,670\\n3,153\\n2,343\\n14,166\\n\\n0.75\\n0.74\\n\\nOperating profit for the quarter ended September 30, 2012 was impacted by a charge for the establishment of a\\nwithdrawal liability related to our withdrawal from the New England Teamsters and Trucking Industry Pension Fund, a\\nmultiemployer pension plan. This charge reduced the operating profit for the U.S. Domestic Package segment by $896 million,\\nnet income by $559 million and basic and diluted earnings per share by $0.58.\\n\\nOperating profit for the quarter ended December 31, 2012 was impacted by a mark-to-market loss on our pension and\\npostretirement benefit plans related to the remeasurement of plan assets and liabilities recognized outside of a 10% corridor of\\n$4.831 billion (allocated as follows—U.S. Domestic Package $3.177 billion, International Package $941 million, Supply\\nChain & Freight $713 million). This loss reduced net income by $3.023 billion, and basic and diluted earnings per share by\\n$3.16.\\n\\nOperating profit for the quarter ended June 30, 2011 was impacted by gains and losses on certain real estate transactions,\\nincluding a $15 million loss in the U.S. Domestic Package segment and a $48 million gain in the Supply Chain & Freight\\nsegment. The combined impact of these transactions increased net income by $20 million, and basic and diluted earnings per\\nshare by $0.02.\\n\\nOperating profit for the quarter ended December 31, 2011 was impacted by a mark-to-market loss on our pension and\\npostretirement benefit plans related to the remeasurement of plan assets and liabilities recognized outside of a 10% corridor of\\n$827 million (allocated as follows—U.S. Domestic Package $479 million, International Package $171 million, Supply Chain &\\nFreight $177 million). This loss reduced net income by $527 million, and basic and diluted earnings per share by $0.54.\\n\\n104\"},\"name\":\"fintabnet.UPS_2012_page_116__300dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":1124628,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:UPS_2012\",\"dpi\":300,\"gt_sha256\":\"8d431b0912946981d1ba03967fb98b4c71db55d3f705193ede18de1e6142c0aa\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.UPS_2012_page_116__300dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.UPS_2012_page_116\",\"pdf_sha256\":\"82a6e8294c27ead83e2eebf251c513755dbb4223c1d2bb9ebfa4df56f28743f4\",\"px\":[2513,3263],\"scan\":{\"render\":\"07e03e0007fe77fe71ce7ffe27ac7ffc7ffc7ffc7ffc7ffc0000000000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"UPS_2012_page_116\",\"src\":{\"file_sha256\":\"7fbd0fd8af1e6109c1eb0ed4de42745a55eba1a6d43c18f730ed9c790520c86b\",\"render\":\"07e07e0007fe77fe71ec7ffe27fc7ffc7ffc3ffc7ffc7ffc0000000000000000\",\"text\":\"41a485236ee116462c78a5d61a2bd2e97164754f1a8d41cd1ce85137cabb67d4\"},\"stack\":[{\"deg\":-0.72,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.309},{\"op\":\"noise\",\"sigma\":3.315},{\"gain\":0.924,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":86}],\"tools\":\"21647cade0ee\"},\"sha256\":\"82a6e8294c27ead83e2eebf251c513755dbb4223c1d2bb9ebfa4df56f28743f4\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/82a6e8294c27ead83e2eebf251c513755dbb4223c1d2bb9ebfa4df56f28743f4.pdf","asset_sha256":"82a6e8294c27ead83e2eebf251c513755dbb4223c1d2bb9ebfa4df56f28743f4","document_id":"fintabnet:UPS_2012","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UPS_2012_page_116\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UPS_2015_page_43\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:UPS_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[223.1,16.9,571.0,39.6],\"lines\":[{\"bbox\":[223.1,16.9,571.0,39.6],\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\"},{\"bbox\":[132.2,37.7,663.9,82.6],\"lines\":[{\"bbox\":[132.2,37.7,663.4,66.0],\"text\":\"MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND\"},{\"bbox\":[308.9,59.7,487.7,77.3],\"text\":\"RESULTS OF OPERATIONS\"}],\"order\":1,\"text\":\"MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND\\nRESULTS OF OPERATIONS\"},{\"bbox\":[43.7,84.0,750.7,201.3],\"lines\":[{\"bbox\":[77.0,84.2,743.7,117.0],\"text\":\"Revenue per piece decreased for our Next Day Air and deferred air products in 2015, as lower fuel surcharge rates more\"},{\"bbox\":[44.2,101.1,734.4,134.6],\"text\":\"than offset the positive impact of the base rate increase. Product mix adversely impacted Next Day Air and deferred revenue\"},{\"bbox\":[44.7,118.1,724.9,151.3],\"text\":\"per piece, as we experienced relatively stronger growth in our lighter-weight business-to-consumer shipments, which have\"},{\"bbox\":[45.2,134.0,749.7,167.9],\"text\":\"lower average yields than our heavier-weight commercial shipments. Customer mix also adversely impacted Next Day Air and\"},{\"bbox\":[45.7,151.3,729.7,184.6],\"text\":\"deferred revenue per piece, due to faster volume growth among our larger customers, which typically have a lower average\"},{\"bbox\":[46.2,180.1,329.3,201.3],\"text\":\"yield than our small and middle-market customers.\"}],\"order\":2,\"text\":\"Revenue per piece decreased for our Next Day Air and deferred air products in 2015, as lower fuel surcharge rates more\\nthan offset the positive impact of the base rate increase. Product mix adversely impacted Next Day Air and deferred revenue\\nper piece, as we experienced relatively stronger growth in our lighter-weight business-to-consumer shipments, which have\\nlower average yields than our heavier-weight commercial shipments. Customer mix also adversely impacted Next Day Air and\\ndeferred revenue per piece, due to faster volume growth among our larger customers, which typically have a lower average\\nyield than our small and middle-market customers.\"},{\"bbox\":[47.1,196.8,743.0,297.0],\"lines\":[{\"bbox\":[80.4,197.3,723.5,229.4],\"text\":\"Ground revenue per piece increased in 2015, primarily due to the base rate increase, the dimensional weight pricing\"},{\"bbox\":[47.6,214.0,723.4,247.1],\"text\":\"change and product mix. Additionally, the revenue per piece for our traditional ground residential products was positively\"},{\"bbox\":[48.1,230.1,742.0,263.7],\"text\":\"impacted by our decision not to pursue certain lower-yielding customer contract renewals. These factors were partially offset\"},{\"bbox\":[48.6,247.1,731.5,280.4],\"text\":\"by declines in fuel surcharge rates as well as changes in customer mix, as we experienced faster volume growth among our\"},{\"bbox\":[49.1,281.5,144.9,297.0],\"text\":\"larger customers.\"}],\"order\":3,\"text\":\"Ground revenue per piece increased in 2015, primarily due to the base rate increase, the dimensional weight pricing\\nchange and product mix. Additionally, the revenue per piece for our traditional ground residential products was positively\\nimpacted by our decision not to pursue certain lower-yielding customer contract renewals. These factors were partially offset\\nby declines in fuel surcharge rates as well as changes in customer mix, as we experienced faster volume growth among our\\nlarger customers.\"},{\"bbox\":[50.2,316.4,182.4,333.1],\"lines\":[{\"bbox\":[50.2,316.4,182.4,333.1],\"text\":\"2014 compared to 2013\"}],\"order\":4,\"text\":\"2014 compared to 2013\"},{\"bbox\":[51.3,335.1,762.4,385.9],\"lines\":[{\"bbox\":[82.6,335.1,761.8,368.3],\"text\":\"Overall revenue per piece decreased 1.5% in 2014, and was impacted by changes in base rates, customer and product mix,\"},{\"bbox\":[51.8,369.2,187.6,385.9],\"text\":\"and fuel surcharge rates.\"}],\"order\":5,\"text\":\"Overall revenue per piece decreased 1.5% in 2014, and was impacted by changes in base rates, customer and product mix,\\nand fuel surcharge rates.\"},{\"bbox\":[52.7,380.9,764.5,448.4],\"lines\":[{\"bbox\":[86.0,380.9,763.5,414.0],\"text\":\"Revenue per piece for our ground and air products was positively impacted by an increase in base rates that took effect on\"},{\"bbox\":[53.2,398.2,744.8,431.7],\"text\":\"December 30, 2013. We implemented an average 4.9% net increase in base and accessorial rates on UPS Next Day Air, UPS\"},{\"bbox\":[53.7,427.4,330.8,448.4],\"text\":\"2nd Day Air, UPS 3 Day Select and UPS Ground.\"}],\"order\":6,\"text\":\"Revenue per piece for our ground and air products was positively impacted by an increase in base rates that took effect on\\nDecember 30, 2013. We implemented an average 4.9% net increase in base and accessorial rates on UPS Next Day Air, UPS\\n2nd Day Air, UPS 3 Day Select and UPS Ground.\"},{\"bbox\":[54.6,443.6,762.0,577.5],\"lines\":[{\"bbox\":[87.9,443.8,751.5,476.5],\"text\":\"Revenue per piece increased for our Next Day Air products in 2014, largely due to the base rate increase, an increase in\"},{\"bbox\":[55.1,461.2,727.2,494.2],\"text\":\"the average weight per package, and a shift in product mix from lower-yielding letters towards higher-yielding packages.\"},{\"bbox\":[55.6,477.9,727.3,510.8],\"text\":\"Revenue per piece declined for our deferred products in 2014, as customer and product mix changes more than offset the\"},{\"bbox\":[56.1,494.7,724.9,527.5],\"text\":\"increase in base rates. Product mix adversely impacted deferred revenue per piece, as we experienced relatively stronger\"},{\"bbox\":[56.6,511.4,723.4,544.2],\"text\":\"growth in our lighter-weight business-to-consumer shipments, which have lower average yields than our heavier-weight\"},{\"bbox\":[57.1,526.9,761.5,560.8],\"text\":\"commercial shipments. Customer mix also adversely impacted deferred revenue per piece, due to faster volume growth among\"},{\"bbox\":[57.6,546.0,682.7,577.5],\"text\":\"our larger customers, which typically have a lower average yield than our smaller and middle-market customers.\"}],\"order\":7,\"text\":\"Revenue per piece increased for our Next Day Air products in 2014, largely due to the base rate increase, an increase in\\nthe average weight per package, and a shift in product mix from lower-yielding letters towards higher-yielding packages.\\nRevenue per piece declined for our deferred products in 2014, as customer and product mix changes more than offset the\\nincrease in base rates. Product mix adversely impacted deferred revenue per piece, as we experienced relatively stronger\\ngrowth in our lighter-weight business-to-consumer shipments, which have lower average yields than our heavier-weight\\ncommercial shipments. Customer mix also adversely impacted deferred revenue per piece, due to faster volume growth among\\nour larger customers, which typically have a lower average yield than our smaller and middle-market customers.\"},{\"bbox\":[58.5,572.7,763.6,656.6],\"lines\":[{\"bbox\":[91.8,573.2,746.5,605.6],\"text\":\"Ground revenue per piece decreased in 2014, as customer and product mix changes more than offset the impact of the\"},{\"bbox\":[59.0,589.4,762.6,623.3],\"text\":\"base rate increase. Customer and product mix changes adversely impacted revenue per piece as a greater portion of our overall\"},{\"bbox\":[59.5,606.2,757.9,639.9],\"text\":\"volume in 2014, relative to 2013, came from lighter-weight shipments (including more than 45% volume growth in SurePost)\"},{\"bbox\":[60.0,640.4,179.2,656.6],\"text\":\"and larger customers.\"}],\"order\":8,\"text\":\"Ground revenue per piece decreased in 2014, as customer and product mix changes more than offset the impact of the\\nbase rate increase. Customer and product mix changes adversely impacted revenue per piece as a greater portion of our overall\\nvolume in 2014, relative to 2013, came from lighter-weight shipments (including more than 45% volume growth in SurePost)\\nand larger customers.\"},{\"bbox\":[77.7,674.1,174.1,689.4],\"lines\":[{\"bbox\":[77.7,674.1,174.1,689.4],\"text\":\"Fuel Surcharges\"}],\"order\":9,\"text\":\"Fuel Surcharges\"},{\"bbox\":[61.7,679.4,774.4,763.5],\"lines\":[{\"bbox\":[95.0,680.9,723.4,712.5],\"text\":\"UPS applies a fuel surcharge on our domestic air and ground services. The air fuel surcharge is based on the U.S.\"},{\"bbox\":[62.2,696.1,773.3,730.2],\"text\":\"Department of Energy’s (“DOE”) Gulf Coast spot price for a gallon of kerosene-type jet fuel, while the ground fuel surcharge is\"},{\"bbox\":[62.7,712.9,768.0,746.8],\"text\":\"based on the DOE’s On-Highway Diesel Fuel Price. Based on published rates, the average fuel surcharge rates for domestic air\"},{\"bbox\":[63.2,744.6,272.2,763.5],\"text\":\"and ground products were as follows:\"}],\"order\":10,\"text\":\"UPS applies a fuel surcharge on our domestic air and ground services. The air fuel surcharge is based on the U.S.\\nDepartment of Energy’s (“DOE”) Gulf Coast spot price for a gallon of kerosene-type jet fuel, while the ground fuel surcharge is\\nbased on the DOE’s On-Highway Diesel Fuel Price. Based on published rates, the average fuel surcharge rates for domestic air\\nand ground products were as follows:\"},{\"bbox\":[428.7,798.7,451.3,809.1],\"lines\":[{\"bbox\":[428.7,798.7,451.3,809.1],\"text\":\"2015\"}],\"order\":11,\"text\":\"2015\"},{\"bbox\":[68.3,822.6,205.0,858.8],\"lines\":[{\"bbox\":[68.3,822.6,204.4,839.4],\"text\":\"Next Day Air / Deferred\"},{\"bbox\":[68.9,844.9,111.7,858.8],\"text\":\"Ground\"}],\"order\":12,\"text\":\"Next Day Air / Deferred\\nGround\"},{\"bbox\":[452.8,777.5,601.2,808.4],\"lines\":[{\"bbox\":[452.8,778.2,577.7,791.7],\"text\":\"Year Ended December 31,\"},{\"bbox\":[503.7,796.4,526.2,806.9],\"text\":\"2014\"},{\"bbox\":[578.7,794.2,601.2,804.6],\"text\":\"2013\"}],\"order\":13,\"text\":\"Year Ended December 31,\\n2014\\n2013\"},{\"bbox\":[446.1,814.5,476.0,847.4],\"lines\":[{\"bbox\":[446.1,814.5,475.4,828.0],\"text\":\"4.8%\"},{\"bbox\":[446.7,833.9,476.0,847.4],\"text\":\"5.5%\"}],\"order\":14,\"text\":\"4.8%\\n5.5%\"},{\"bbox\":[514.2,812.2,551.0,845.4],\"lines\":[{\"bbox\":[514.2,812.2,550.4,825.9],\"text\":\"10.2%\"},{\"bbox\":[521.7,831.6,551.0,845.2],\"text\":\"7.1%\"}],\"order\":15,\"text\":\"10.2%\\n7.1%\"},{\"bbox\":[589.1,809.9,626.0,843.1],\"lines\":[{\"bbox\":[589.1,809.9,625.4,823.7],\"text\":\"10.7%\"},{\"bbox\":[596.7,829.4,626.0,842.9],\"text\":\"7.2%\"}],\"order\":16,\"text\":\"10.7%\\n7.2%\"},{\"bbox\":[639.1,772.6,765.1,802.8],\"lines\":[{\"bbox\":[662.5,773.3,741.2,785.4],\"text\":\"% Point Change\"},{\"bbox\":[639.6,791.5,690.1,802.8],\"text\":\"2015/ 2014\"},{\"bbox\":[714.5,789.2,765.1,800.5],\"text\":\"2014/ 2013\"}],\"order\":17,\"text\":\"% Point Change\\n2015/ 2014\\n2014/ 2013\"},{\"bbox\":[661.7,807.7,700.9,840.9],\"lines\":[{\"bbox\":[661.8,807.7,700.3,821.5],\"text\":\"(5.4)%\"},{\"bbox\":[662.3,827.1,700.9,840.9],\"text\":\"(1.6)%\"}],\"order\":18,\"text\":\"(5.4)%\\n(1.6)%\"},{\"bbox\":[736.7,805.4,775.8,838.6],\"lines\":[{\"bbox\":[736.7,805.4,775.2,819.2],\"text\":\"(0.5)%\"},{\"bbox\":[737.3,824.8,775.8,838.6],\"text\":\"(0.1)%\"}],\"order\":19,\"text\":\"(0.5)%\\n(0.1)%\"},{\"bbox\":[67.2,859.8,772.5,960.4],\"lines\":[{\"bbox\":[100.5,859.8,770.5,892.7],\"text\":\"Total domestic fuel surcharge revenue decreased by $843 million in 2015 as a result of lower fuel surcharge rates caused\"},{\"bbox\":[67.7,876.7,763.0,910.4],\"text\":\"by declining jet and diesel fuel prices; however, the impact of lower fuel prices was partially mitigated by changes to the fuel\"},{\"bbox\":[68.2,894.2,735.7,927.0],\"text\":\"surcharge indices, as well as the overall increase in package volume for the period. In 2014, total fuel surcharge revenue\"},{\"bbox\":[68.7,910.1,763.6,943.7],\"text\":\"declined by $8 million as lower fuel surcharge rates (driven by lower fuel prices) more than offset the impact of increased air\"},{\"bbox\":[69.2,944.3,181.0,960.4],\"text\":\"and ground volume.\"}],\"order\":20,\"text\":\"Total domestic fuel surcharge revenue decreased by $843 million in 2015 as a result of lower fuel surcharge rates caused\\nby declining jet and diesel fuel prices; however, the impact of lower fuel prices was partially mitigated by changes to the fuel\\nsurcharge indices, as well as the overall increase in package volume for the period. In 2014, total fuel surcharge revenue\\ndeclined by $8 million as lower fuel surcharge rates (driven by lower fuel prices) more than offset the impact of increased air\\nand ground volume.\"},{\"bbox\":[420.1,1018.3,434.3,1031.3],\"lines\":[{\"bbox\":[420.1,1018.3,434.3,1031.3],\"text\":\"31\"}],\"order\":21,\"text\":\"31\"}],\"doc\":\"fintabnet:UPS_2015\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\\n\\nMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND\\nRESULTS OF OPERATIONS\\n\\nRevenue per piece decreased for our Next Day Air and deferred air products in 2015, as lower fuel surcharge rates more\\nthan offset the positive impact of the base rate increase. Product mix adversely impacted Next Day Air and deferred revenue\\nper piece, as we experienced relatively stronger growth in our lighter-weight business-to-consumer shipments, which have\\nlower average yields than our heavier-weight commercial shipments. Customer mix also adversely impacted Next Day Air and\\ndeferred revenue per piece, due to faster volume growth among our larger customers, which typically have a lower average\\nyield than our small and middle-market customers.\\n\\nGround revenue per piece increased in 2015, primarily due to the base rate increase, the dimensional weight pricing\\nchange and product mix. Additionally, the revenue per piece for our traditional ground residential products was positively\\nimpacted by our decision not to pursue certain lower-yielding customer contract renewals. These factors were partially offset\\nby declines in fuel surcharge rates as well as changes in customer mix, as we experienced faster volume growth among our\\nlarger customers.\\n\\n2014 compared to 2013\\n\\nOverall revenue per piece decreased 1.5% in 2014, and was impacted by changes in base rates, customer and product mix,\\nand fuel surcharge rates.\\n\\nRevenue per piece for our ground and air products was positively impacted by an increase in base rates that took effect on\\nDecember 30, 2013. We implemented an average 4.9% net increase in base and accessorial rates on UPS Next Day Air, UPS\\n2nd Day Air, UPS 3 Day Select and UPS Ground.\\n\\nRevenue per piece increased for our Next Day Air products in 2014, largely due to the base rate increase, an increase in\\nthe average weight per package, and a shift in product mix from lower-yielding letters towards higher-yielding packages.\\nRevenue per piece declined for our deferred products in 2014, as customer and product mix changes more than offset the\\nincrease in base rates. Product mix adversely impacted deferred revenue per piece, as we experienced relatively stronger\\ngrowth in our lighter-weight business-to-consumer shipments, which have lower average yields than our heavier-weight\\ncommercial shipments. Customer mix also adversely impacted deferred revenue per piece, due to faster volume growth among\\nour larger customers, which typically have a lower average yield than our smaller and middle-market customers.\\n\\nGround revenue per piece decreased in 2014, as customer and product mix changes more than offset the impact of the\\nbase rate increase. Customer and product mix changes adversely impacted revenue per piece as a greater portion of our overall\\nvolume in 2014, relative to 2013, came from lighter-weight shipments (including more than 45% volume growth in SurePost)\\nand larger customers.\\n\\nFuel Surcharges\\n\\nUPS applies a fuel surcharge on our domestic air and ground services. The air fuel surcharge is based on the U.S.\\nDepartment of Energy’s (“DOE”) Gulf Coast spot price for a gallon of kerosene-type jet fuel, while the ground fuel surcharge is\\nbased on the DOE’s On-Highway Diesel Fuel Price. Based on published rates, the average fuel surcharge rates for domestic air\\nand ground products were as follows:\\n\\n2015\\n\\nNext Day Air / Deferred\\nGround\\n\\nYear Ended December 31,\\n2014\\n2013\\n\\n4.8%\\n5.5%\\n\\n10.2%\\n7.1%\\n\\n10.7%\\n7.2%\\n\\n% Point Change\\n2015/ 2014\\n2014/ 2013\\n\\n(5.4)%\\n(1.6)%\\n\\n(0.5)%\\n(0.1)%\\n\\nTotal domestic fuel surcharge revenue decreased by $843 million in 2015 as a result of lower fuel surcharge rates caused\\nby declining jet and diesel fuel prices; however, the impact of lower fuel prices was partially mitigated by changes to the fuel\\nsurcharge indices, as well as the overall increase in package volume for the period. In 2014, total fuel surcharge revenue\\ndeclined by $8 million as lower fuel surcharge rates (driven by lower fuel prices) more than offset the impact of increased air\\nand ground volume.\\n\\n31\",\"name\":\"fintabnet.UPS_2015_page_43__100dpi_medium\",\"page_id\":\"fintabnet.UPS_2015_page_43\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.73,\"source\":\"fintabnet\",\"source_id\":\"UPS_2015_page_43\",\"stack\":[{\"deg\":1.73,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.868},{\"op\":\"jpeg\",\"q\":51}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[67.2,768.2,775.9,860.1],\"block_orders\":[11,12,13,14,15,16,17,18,19],\"cells\":null}],\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\\n\\nMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND\\nRESULTS OF OPERATIONS\\n\\nRevenue per piece decreased for our Next Day Air and deferred air products in 2015, as lower fuel surcharge rates more\\nthan offset the positive impact of the base rate increase. Product mix adversely impacted Next Day Air and deferred revenue\\nper piece, as we experienced relatively stronger growth in our lighter-weight business-to-consumer shipments, which have\\nlower average yields than our heavier-weight commercial shipments. Customer mix also adversely impacted Next Day Air and\\ndeferred revenue per piece, due to faster volume growth among our larger customers, which typically have a lower average\\nyield than our small and middle-market customers.\\n\\nGround revenue per piece increased in 2015, primarily due to the base rate increase, the dimensional weight pricing\\nchange and product mix. Additionally, the revenue per piece for our traditional ground residential products was positively\\nimpacted by our decision not to pursue certain lower-yielding customer contract renewals. These factors were partially offset\\nby declines in fuel surcharge rates as well as changes in customer mix, as we experienced faster volume growth among our\\nlarger customers.\\n\\n2014 compared to 2013\\n\\nOverall revenue per piece decreased 1.5% in 2014, and was impacted by changes in base rates, customer and product mix,\\nand fuel surcharge rates.\\n\\nRevenue per piece for our ground and air products was positively impacted by an increase in base rates that took effect on\\nDecember 30, 2013. We implemented an average 4.9% net increase in base and accessorial rates on UPS Next Day Air, UPS\\n2nd Day Air, UPS 3 Day Select and UPS Ground.\\n\\nRevenue per piece increased for our Next Day Air products in 2014, largely due to the base rate increase, an increase in\\nthe average weight per package, and a shift in product mix from lower-yielding letters towards higher-yielding packages.\\nRevenue per piece declined for our deferred products in 2014, as customer and product mix changes more than offset the\\nincrease in base rates. Product mix adversely impacted deferred revenue per piece, as we experienced relatively stronger\\ngrowth in our lighter-weight business-to-consumer shipments, which have lower average yields than our heavier-weight\\ncommercial shipments. Customer mix also adversely impacted deferred revenue per piece, due to faster volume growth among\\nour larger customers, which typically have a lower average yield than our smaller and middle-market customers.\\n\\nGround revenue per piece decreased in 2014, as customer and product mix changes more than offset the impact of the\\nbase rate increase. Customer and product mix changes adversely impacted revenue per piece as a greater portion of our overall\\nvolume in 2014, relative to 2013, came from lighter-weight shipments (including more than 45% volume growth in SurePost)\\nand larger customers.\\n\\nFuel Surcharges\\n\\nUPS applies a fuel surcharge on our domestic air and ground services. The air fuel surcharge is based on the U.S.\\nDepartment of Energy’s (“DOE”) Gulf Coast spot price for a gallon of kerosene-type jet fuel, while the ground fuel surcharge is\\nbased on the DOE’s On-Highway Diesel Fuel Price. Based on published rates, the average fuel surcharge rates for domestic air\\nand ground products were as follows:\\n\\n2015\\n\\nNext Day Air / Deferred\\nGround\\n\\nYear Ended December 31,\\n2014\\n2013\\n\\n4.8%\\n5.5%\\n\\n10.2%\\n7.1%\\n\\n10.7%\\n7.2%\\n\\n% Point Change\\n2015/ 2014\\n2014/ 2013\\n\\n(5.4)%\\n(1.6)%\\n\\n(0.5)%\\n(0.1)%\\n\\nTotal domestic fuel surcharge revenue decreased by $843 million in 2015 as a result of lower fuel surcharge rates caused\\nby declining jet and diesel fuel prices; however, the impact of lower fuel prices was partially mitigated by changes to the fuel\\nsurcharge indices, as well as the overall increase in package volume for the period. In 2014, total fuel surcharge revenue\\ndeclined by $8 million as lower fuel surcharge rates (driven by lower fuel prices) more than offset the impact of increased air\\nand ground volume.\\n\\n31\"},\"name\":\"fintabnet.UPS_2015_page_43__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":99724,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:UPS_2015\",\"dpi\":100,\"gt_sha256\":\"54ace0c349d36703f0148d432083bd9a0e4ce51e78e948be696e9c2fdcc69774\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.UPS_2015_page_43__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.UPS_2015_page_43\",\"pdf_sha256\":\"2319fc121bf2e6a42c3f9d5ff09731bf8270c9fe1f529ed9c51f88de77673b9e\",\"px\":[825,1075],\"scan\":{\"render\":\"0fe00bfc7ffc7ffc6000200e7e3c7ffc7ffc77003ffc006600be3ffe00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"UPS_2015_page_43\",\"src\":{\"file_sha256\":\"239f5cbc1c7cc3cd3b24267178e9197689d3e66c2f5441eb54b72b834fd003a2\",\"render\":\"0ff03ffc7ffc7ffc000030447f007ffc7ffc60007ffc006440fe7ffc00000000\",\"text\":\"53936afe3fed4369551818e2159d6a8e7c812a7521b1cc22c9b916adafd454c9\"},\"stack\":[{\"deg\":1.73,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.868},{\"op\":\"jpeg\",\"q\":51}],\"tools\":\"21647cade0ee\"},\"sha256\":\"2319fc121bf2e6a42c3f9d5ff09731bf8270c9fe1f529ed9c51f88de77673b9e\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/2319fc121bf2e6a42c3f9d5ff09731bf8270c9fe1f529ed9c51f88de77673b9e.pdf","asset_sha256":"2319fc121bf2e6a42c3f9d5ff09731bf8270c9fe1f529ed9c51f88de77673b9e","document_id":"fintabnet:UPS_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UPS_2015_page_43\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UPS_2017_page_90\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:UPS_2017\",\"ground_truth\":{\"blocks\":[{\"bbox\":[711.8,94.4,1800.7,189.6],\"lines\":[{\"bbox\":[734.7,94.4,1777.7,140.1],\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\"},{\"bbox\":[711.8,143.9,1800.7,189.6],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"}],\"order\":0,\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\"},{\"bbox\":[187.5,302.8,1108.8,348.4],\"lines\":[{\"bbox\":[187.5,302.8,1108.8,348.4],\"text\":\"NOTE 3. PROPERTY, PLANT AND EQUIPMENT\"}],\"order\":1,\"text\":\"NOTE 3. PROPERTY, PLANT AND EQUIPMENT\"},{\"bbox\":[187.5,372.9,2224.5,468.1],\"lines\":[{\"bbox\":[287.6,372.9,2224.5,418.6],\"text\":\"Property, plant and equipment, including both owned assets as well as assets subject to capital leases, consists of the\"},{\"bbox\":[187.5,422.4,1181.9,468.1],\"text\":\"following as of December 31, 2017 and 2016 (in millions):\"}],\"order\":2,\"text\":\"Property, plant and equipment, including both owned assets as well as assets subject to capital leases, consists of the\\nfollowing as of December 31, 2017 and 2016 (in millions):\"},{\"bbox\":[1925.4,505.8,1992.1,542.3],\"lines\":[{\"bbox\":[1925.4,505.8,1992.1,542.3],\"text\":\"2017\"}],\"order\":3,\"text\":\"2017\"},{\"bbox\":[198.0,554.1,831.4,1061.9],\"lines\":[{\"bbox\":[198.0,554.1,341.6,599.8],\"text\":\"Vehicles\"},{\"bbox\":[198.0,611.9,329.9,657.6],\"text\":\"Aircraft\"},{\"bbox\":[198.0,669.7,283.6,715.3],\"text\":\"Land\"},{\"bbox\":[198.0,727.4,360.1,773.1],\"text\":\"Buildings\"},{\"bbox\":[198.0,785.2,831.4,830.8],\"text\":\"Building and leasehold improvements\"},{\"bbox\":[198.0,842.9,470.1,888.6],\"text\":\"Plant equipment\"},{\"bbox\":[198.0,900.7,582.1,946.4],\"text\":\"Technology equipment\"},{\"bbox\":[198.0,958.4,764.2,1004.1],\"text\":\"Equipment under operating leases\"},{\"bbox\":[198.0,1016.2,614.7,1061.9],\"text\":\"Construction-in-progress\"}],\"order\":4,\"text\":\"Vehicles\\nAircraft\\nLand\\nBuildings\\nBuilding and leasehold improvements\\nPlant equipment\\nTechnology equipment\\nEquipment under operating leases\\nConstruction-in-progress\"},{\"bbox\":[1856.6,554.1,1877.5,599.8],\"lines\":[{\"bbox\":[1856.6,554.1,1877.5,599.8],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[198.0,1131.7,1024.7,1177.4],\"lines\":[{\"bbox\":[198.0,1131.7,1024.7,1177.4],\"text\":\"Less: Accumulated depreciation and amortization\"}],\"order\":6,\"text\":\"Less: Accumulated depreciation and amortization\"},{\"bbox\":[1856.6,1201.9,1877.5,1247.5],\"lines\":[{\"bbox\":[1856.6,1201.9,1877.5,1247.5],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[1944.8,554.1,2059.6,1119.6],\"lines\":[{\"bbox\":[1965.6,554.1,2059.4,599.8],\"text\":\"9,365\"},{\"bbox\":[1944.8,611.9,2059.4,657.6],\"text\":\"16,248\"},{\"bbox\":[1965.6,669.7,2059.4,715.3],\"text\":\"1,582\"},{\"bbox\":[1965.6,727.4,2059.4,773.1],\"text\":\"4,035\"},{\"bbox\":[1965.8,785.2,2059.6,830.8],\"text\":\"3,934\"},{\"bbox\":[1965.6,842.9,2059.4,888.6],\"text\":\"9,387\"},{\"bbox\":[1965.6,900.7,2059.4,946.4],\"text\":\"1,907\"},{\"bbox\":[2017.9,958.4,2059.6,1004.1],\"text\":\"29\"},{\"bbox\":[1965.6,1016.2,2059.4,1061.9],\"text\":\"2,239\"},{\"bbox\":[1944.8,1074.0,2059.4,1119.6],\"text\":\"48,726\"}],\"order\":8,\"text\":\"9,365\\n16,248\\n1,582\\n4,035\\n3,934\\n9,387\\n1,907\\n29\\n2,239\\n48,726\"},{\"bbox\":[2171.3,505.8,2237.9,542.3],\"lines\":[{\"bbox\":[2171.3,505.8,2237.9,542.3],\"text\":\"2016\"}],\"order\":9,\"text\":\"2016\"},{\"bbox\":[2102.5,554.1,2123.3,599.8],\"lines\":[{\"bbox\":[2102.5,554.1,2123.3,599.8],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[2190.6,554.1,2305.6,1119.6],\"lines\":[{\"bbox\":[2211.5,554.1,2305.3,599.8],\"text\":\"8,638\"},{\"bbox\":[2190.6,611.9,2305.3,657.6],\"text\":\"15,653\"},{\"bbox\":[2211.5,669.7,2305.3,715.3],\"text\":\"1,397\"},{\"bbox\":[2211.5,727.4,2305.3,773.1],\"text\":\"3,439\"},{\"bbox\":[2211.8,785.2,2305.6,830.8],\"text\":\"3,612\"},{\"bbox\":[2211.5,842.9,2305.3,888.6],\"text\":\"8,430\"},{\"bbox\":[2211.5,900.7,2305.3,946.4],\"text\":\"1,741\"},{\"bbox\":[2263.8,958.4,2305.5,1004.1],\"text\":\"29\"},{\"bbox\":[2242.7,1016.2,2305.3,1061.9],\"text\":\"735\"},{\"bbox\":[2190.6,1074.0,2305.3,1119.6],\"text\":\"43,674\"}],\"order\":11,\"text\":\"8,638\\n15,653\\n1,397\\n3,439\\n3,612\\n8,430\\n1,741\\n29\\n735\\n43,674\"},{\"bbox\":[1930.8,1143.5,2123.3,1247.5],\"lines\":[{\"bbox\":[1930.8,1143.5,2073.2,1189.2],\"text\":\"(26,608)\"},{\"bbox\":[1944.8,1201.9,2123.3,1247.5],\"text\":\"22,118 $\"}],\"order\":12,\"text\":\"(26,608)\\n22,118 $\"},{\"bbox\":[2176.7,1143.5,2319.1,1247.5],\"lines\":[{\"bbox\":[2176.7,1143.5,2319.1,1189.2],\"text\":\"(24,874)\"},{\"bbox\":[2190.6,1201.9,2305.3,1247.5],\"text\":\"18,800\"}],\"order\":13,\"text\":\"(24,874)\\n18,800\"},{\"bbox\":[187.5,1292.9,2323.3,1487.1],\"lines\":[{\"bbox\":[287.6,1292.9,2323.3,1338.6],\"text\":\"We continually monitor our aircraft fleet utilization in light of current and projected volume levels, aircraft fuel prices and\"},{\"bbox\":[187.5,1342.4,2275.6,1388.1],\"text\":\"other factors. Additionally, we monitor our other property, plant and equipment categories for any indicators that the carrying\"},{\"bbox\":[187.5,1391.9,2260.6,1437.6],\"text\":\"value of the assets may not be recoverable. No impairment charges on property, plant and equipment were recorded in 2017,\"},{\"bbox\":[187.5,1441.4,420.2,1487.1],\"text\":\"2016 or 2015.\"}],\"order\":14,\"text\":\"We continually monitor our aircraft fleet utilization in light of current and projected volume levels, aircraft fuel prices and\\nother factors. Additionally, we monitor our other property, plant and equipment categories for any indicators that the carrying\\nvalue of the assets may not be recoverable. No impairment charges on property, plant and equipment were recorded in 2017,\\n2016 or 2015.\"},{\"bbox\":[187.5,1540.5,1425.6,1586.1],\"lines\":[{\"bbox\":[187.5,1540.5,1425.6,1586.1],\"text\":\"NOTE 4. COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS\"}],\"order\":15,\"text\":\"NOTE 4. COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS\"},{\"bbox\":[187.5,1610.6,2280.5,1705.8],\"lines\":[{\"bbox\":[287.6,1610.6,2280.5,1656.3],\"text\":\"We sponsor various retirement and pension plans, including defined benefit and defined contribution plans which cover\"},{\"bbox\":[187.5,1660.1,630.8,1705.8],\"text\":\"our employees worldwide.\"}],\"order\":16,\"text\":\"We sponsor various retirement and pension plans, including defined benefit and defined contribution plans which cover\\nour employees worldwide.\"},{\"bbox\":[187.5,1746.7,548.8,1792.4],\"lines\":[{\"bbox\":[187.5,1746.7,548.8,1792.4],\"text\":\"U.S. Pension Benefits\"}],\"order\":17,\"text\":\"U.S. Pension Benefits\"},{\"bbox\":[187.5,1816.9,2297.9,1961.6],\"lines\":[{\"bbox\":[287.6,1816.9,2297.9,1862.5],\"text\":\"In the U.S. we maintain the following single-employer defined benefit pension plans: the UPS Retirement Plan, the UPS\"},{\"bbox\":[187.5,1866.4,2292.6,1912.0],\"text\":\"Pension Plan, the UPS/IBT Full-Time Employee Pension Plan and the UPS Excess Coordinating Benefit Plan, a non-qualified\"},{\"bbox\":[187.5,1915.9,269.8,1961.6],\"text\":\"plan.\"}],\"order\":18,\"text\":\"In the U.S. we maintain the following single-employer defined benefit pension plans: the UPS Retirement Plan, the UPS\\nPension Plan, the UPS/IBT Full-Time Employee Pension Plan and the UPS Excess Coordinating Benefit Plan, a non-qualified\\nplan.\"},{\"bbox\":[187.5,2002.5,2281.8,2246.2],\"lines\":[{\"bbox\":[287.6,2002.5,2281.8,2048.2],\"text\":\"The UPS Retirement Plan is noncontributory and includes substantially all eligible employees of participating domestic\"},{\"bbox\":[187.5,2052.0,2156.2,2097.7],\"text\":\"subsidiaries who are not members of a collective bargaining unit, as well as certain employees covered by a collective\"},{\"bbox\":[187.5,2101.5,2249.2,2147.2],\"text\":\"bargaining agreement. This plan generally provides for retirement benefits based on average compensation levels earned by\"},{\"bbox\":[187.5,2151.0,2253.4,2196.7],\"text\":\"employees prior to retirement. Benefits payable under this plan are subject to maximum compensation limits and the annual\"},{\"bbox\":[187.5,2200.6,1989.2,2246.2],\"text\":\"benefit limits for a tax-qualified defined benefit plan as prescribed by the Internal Revenue Service (“IRS”).\"}],\"order\":19,\"text\":\"The UPS Retirement Plan is noncontributory and includes substantially all eligible employees of participating domestic\\nsubsidiaries who are not members of a collective bargaining unit, as well as certain employees covered by a collective\\nbargaining agreement. This plan generally provides for retirement benefits based on average compensation levels earned by\\nemployees prior to retirement. Benefits payable under this plan are subject to maximum compensation limits and the annual\\nbenefit limits for a tax-qualified defined benefit plan as prescribed by the Internal Revenue Service (“IRS”).\"},{\"bbox\":[187.5,2287.2,2285.9,2431.9],\"lines\":[{\"bbox\":[287.6,2287.2,2285.9,2332.9],\"text\":\"The UPS Pension Plan is noncontributory and includes certain eligible employees of participating domestic subsidiaries\"},{\"bbox\":[187.5,2336.7,2222.6,2382.4],\"text\":\"and members of collective bargaining units that elect to participate in the plan. This plan generally provides for retirement\"},{\"bbox\":[187.5,2386.2,1416.0,2431.9],\"text\":\"benefits based on service credits earned by employees prior to retirement.\"}],\"order\":20,\"text\":\"The UPS Pension Plan is noncontributory and includes certain eligible employees of participating domestic subsidiaries\\nand members of collective bargaining units that elect to participate in the plan. This plan generally provides for retirement\\nbenefits based on service credits earned by employees prior to retirement.\"},{\"bbox\":[187.5,2472.8,2274.6,2667.0],\"lines\":[{\"bbox\":[287.6,2472.8,2178.7,2518.5],\"text\":\"The UPS/IBT Full-Time Employee Pension Plan is noncontributory and includes employees that were previously\"},{\"bbox\":[187.5,2522.4,2253.5,2568.0],\"text\":\"members of the Central States Pension Fund, a multiemployer pension plan, in addition to other eligible employees who are\"},{\"bbox\":[187.5,2571.9,2274.6,2617.5],\"text\":\"covered under certain collective bargaining agreements. This plan generally provides for retirement benefits based on service\"},{\"bbox\":[187.5,2621.4,987.6,2667.0],\"text\":\"credits earned by employees prior to retirement.\"}],\"order\":21,\"text\":\"The UPS/IBT Full-Time Employee Pension Plan is noncontributory and includes employees that were previously\\nmembers of the Central States Pension Fund, a multiemployer pension plan, in addition to other eligible employees who are\\ncovered under certain collective bargaining agreements. This plan generally provides for retirement benefits based on service\\ncredits earned by employees prior to retirement.\"},{\"bbox\":[187.5,2708.0,2243.4,2803.2],\"lines\":[{\"bbox\":[287.6,2708.0,2243.4,2753.7],\"text\":\"The UPS Excess Coordinating Benefit Plan is a non-qualified plan that provides benefits to certain participants in the\"},{\"bbox\":[187.5,2757.5,1537.7,2803.2],\"text\":\"UPS Retirement Plan for amounts that exceed the benefit limits described above.\"}],\"order\":22,\"text\":\"The UPS Excess Coordinating Benefit Plan is a non-qualified plan that provides benefits to certain participants in the\\nUPS Retirement Plan for amounts that exceed the benefit limits described above.\"},{\"bbox\":[1235.7,3106.7,1277.3,3152.4],\"lines\":[{\"bbox\":[1235.7,3106.7,1277.3,3152.4],\"text\":\"78\"}],\"order\":23,\"text\":\"78\"}],\"doc\":\"fintabnet:UPS_2017\",\"dpi\":300,\"image_px\":[2513,3263],\"layout\":[],\"markdown\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\nNOTE 3. PROPERTY, PLANT AND EQUIPMENT\\n\\nProperty, plant and equipment, including both owned assets as well as assets subject to capital leases, consists of the\\nfollowing as of December 31, 2017 and 2016 (in millions):\\n\\n2017\\n\\nVehicles\\nAircraft\\nLand\\nBuildings\\nBuilding and leasehold improvements\\nPlant equipment\\nTechnology equipment\\nEquipment under operating leases\\nConstruction-in-progress\\n\\n$\\n\\nLess: Accumulated depreciation and amortization\\n\\n$\\n\\n9,365\\n16,248\\n1,582\\n4,035\\n3,934\\n9,387\\n1,907\\n29\\n2,239\\n48,726\\n\\n2016\\n\\n$\\n\\n8,638\\n15,653\\n1,397\\n3,439\\n3,612\\n8,430\\n1,741\\n29\\n735\\n43,674\\n\\n(26,608)\\n22,118 $\\n\\n(24,874)\\n18,800\\n\\nWe continually monitor our aircraft fleet utilization in light of current and projected volume levels, aircraft fuel prices and\\nother factors. Additionally, we monitor our other property, plant and equipment categories for any indicators that the carrying\\nvalue of the assets may not be recoverable. No impairment charges on property, plant and equipment were recorded in 2017,\\n2016 or 2015.\\n\\nNOTE 4. COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS\\n\\nWe sponsor various retirement and pension plans, including defined benefit and defined contribution plans which cover\\nour employees worldwide.\\n\\nU.S. Pension Benefits\\n\\nIn the U.S. we maintain the following single-employer defined benefit pension plans: the UPS Retirement Plan, the UPS\\nPension Plan, the UPS/IBT Full-Time Employee Pension Plan and the UPS Excess Coordinating Benefit Plan, a non-qualified\\nplan.\\n\\nThe UPS Retirement Plan is noncontributory and includes substantially all eligible employees of participating domestic\\nsubsidiaries who are not members of a collective bargaining unit, as well as certain employees covered by a collective\\nbargaining agreement. This plan generally provides for retirement benefits based on average compensation levels earned by\\nemployees prior to retirement. Benefits payable under this plan are subject to maximum compensation limits and the annual\\nbenefit limits for a tax-qualified defined benefit plan as prescribed by the Internal Revenue Service (“IRS”).\\n\\nThe UPS Pension Plan is noncontributory and includes certain eligible employees of participating domestic subsidiaries\\nand members of collective bargaining units that elect to participate in the plan. This plan generally provides for retirement\\nbenefits based on service credits earned by employees prior to retirement.\\n\\nThe UPS/IBT Full-Time Employee Pension Plan is noncontributory and includes employees that were previously\\nmembers of the Central States Pension Fund, a multiemployer pension plan, in addition to other eligible employees who are\\ncovered under certain collective bargaining agreements. This plan generally provides for retirement benefits based on service\\ncredits earned by employees prior to retirement.\\n\\nThe UPS Excess Coordinating Benefit Plan is a non-qualified plan that provides benefits to certain participants in the\\nUPS Retirement Plan for amounts that exceed the benefit limits described above.\\n\\n78\",\"name\":\"fintabnet.UPS_2017_page_90__300dpi_medium\",\"page_id\":\"fintabnet.UPS_2017_page_90\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"UPS_2017_page_90\",\"stack\":[{\"amp\":0.147,\"angle\":128.2,\"blob\":0.4,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":3.436,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":8.821},{\"gain\":0.778,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":55}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[198.0,505.7,2319.1,1247.5],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13],\"cells\":null}],\"text\":\"UNITED PARCEL SERVICE, INC. AND SUBSIDIARIES\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS\\n\\nNOTE 3. PROPERTY, PLANT AND EQUIPMENT\\n\\nProperty, plant and equipment, including both owned assets as well as assets subject to capital leases, consists of the\\nfollowing as of December 31, 2017 and 2016 (in millions):\\n\\n2017\\n\\nVehicles\\nAircraft\\nLand\\nBuildings\\nBuilding and leasehold improvements\\nPlant equipment\\nTechnology equipment\\nEquipment under operating leases\\nConstruction-in-progress\\n\\n$\\n\\nLess: Accumulated depreciation and amortization\\n\\n$\\n\\n9,365\\n16,248\\n1,582\\n4,035\\n3,934\\n9,387\\n1,907\\n29\\n2,239\\n48,726\\n\\n2016\\n\\n$\\n\\n8,638\\n15,653\\n1,397\\n3,439\\n3,612\\n8,430\\n1,741\\n29\\n735\\n43,674\\n\\n(26,608)\\n22,118 $\\n\\n(24,874)\\n18,800\\n\\nWe continually monitor our aircraft fleet utilization in light of current and projected volume levels, aircraft fuel prices and\\nother factors. Additionally, we monitor our other property, plant and equipment categories for any indicators that the carrying\\nvalue of the assets may not be recoverable. No impairment charges on property, plant and equipment were recorded in 2017,\\n2016 or 2015.\\n\\nNOTE 4. COMPANY-SPONSORED EMPLOYEE BENEFIT PLANS\\n\\nWe sponsor various retirement and pension plans, including defined benefit and defined contribution plans which cover\\nour employees worldwide.\\n\\nU.S. Pension Benefits\\n\\nIn the U.S. we maintain the following single-employer defined benefit pension plans: the UPS Retirement Plan, the UPS\\nPension Plan, the UPS/IBT Full-Time Employee Pension Plan and the UPS Excess Coordinating Benefit Plan, a non-qualified\\nplan.\\n\\nThe UPS Retirement Plan is noncontributory and includes substantially all eligible employees of participating domestic\\nsubsidiaries who are not members of a collective bargaining unit, as well as certain employees covered by a collective\\nbargaining agreement. This plan generally provides for retirement benefits based on average compensation levels earned by\\nemployees prior to retirement. Benefits payable under this plan are subject to maximum compensation limits and the annual\\nbenefit limits for a tax-qualified defined benefit plan as prescribed by the Internal Revenue Service (“IRS”).\\n\\nThe UPS Pension Plan is noncontributory and includes certain eligible employees of participating domestic subsidiaries\\nand members of collective bargaining units that elect to participate in the plan. This plan generally provides for retirement\\nbenefits based on service credits earned by employees prior to retirement.\\n\\nThe UPS/IBT Full-Time Employee Pension Plan is noncontributory and includes employees that were previously\\nmembers of the Central States Pension Fund, a multiemployer pension plan, in addition to other eligible employees who are\\ncovered under certain collective bargaining agreements. This plan generally provides for retirement benefits based on service\\ncredits earned by employees prior to retirement.\\n\\nThe UPS Excess Coordinating Benefit Plan is a non-qualified plan that provides benefits to certain participants in the\\nUPS Retirement Plan for amounts that exceed the benefit limits described above.\\n\\n78\"},\"name\":\"fintabnet.UPS_2017_page_90__300dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":760058,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:UPS_2017\",\"dpi\":300,\"gt_sha256\":\"b2a87d2c87ac6df68bd62a28cd4ccfd20d7de53fcc538c369b870d3b85eaaa70\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.UPS_2017_page_90__300dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.UPS_2017_page_90\",\"pdf_sha256\":\"e29f85803f0bcf15c58097c738753df9761670b1173e7570b5ee391a2dbb6d8a\",\"px\":[2513,3263],\"scan\":{\"render\":\"07e03e007c08780a780a7e1e7ffe600070007cfc7ffc7ffc7ffc7fc000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"UPS_2017_page_90\",\"src\":{\"file_sha256\":\"143bccfead6921f03e80ecf94f367a777eecf822426100da3e3fbfe220868077\",\"render\":\"07e03e00760e780e780a7e1e7ffe6d8030003ffc7ffc7ffc7ffc3f8000000000\",\"text\":\"da2ba3402f10e147cda24608a0b6d8bfba3e000e67a95a6c8004eb4d5a0842af\"},\"stack\":[{\"amp\":0.147,\"angle\":128.2,\"blob\":0.4,\"op\":\"illumination\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":3.436,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":8.821},{\"gain\":0.778,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":55}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e29f85803f0bcf15c58097c738753df9761670b1173e7570b5ee391a2dbb6d8a\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e29f85803f0bcf15c58097c738753df9761670b1173e7570b5ee391a2dbb6d8a.pdf","asset_sha256":"e29f85803f0bcf15c58097c738753df9761670b1173e7570b5ee391a2dbb6d8a","document_id":"fintabnet:UPS_2017","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"UPS_2017_page_90\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"VFC_2016_page_45\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:VFC_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[115.7,36.7,794.1,81.8],\"lines\":[{\"bbox\":[115.7,36.7,794.1,81.8],\"text\":\"The following tables present a summary of the changes in coalition revenues and coalition profit during the last two years:\"}],\"order\":0,\"text\":\"The following tables present a summary of the changes in coalition revenues and coalition profit during the last two years:\"},{\"bbox\":[345.8,74.1,390.2,112.8],\"lines\":[{\"bbox\":[347.9,74.1,389.2,90.5],\"text\":\"Outdoor\"},{\"bbox\":[346.3,85.2,389.8,101.7],\"text\":\"& Action\"},{\"bbox\":[351.8,96.5,383.3,112.5],\"text\":\"Sports\"}],\"order\":1,\"text\":\"Outdoor\\n& Action\\nSports\"},{\"bbox\":[84.7,85.7,136.2,102.5],\"lines\":[{\"bbox\":[84.7,85.7,136.2,102.5],\"text\":\"In millions\"}],\"order\":2,\"text\":\"In millions\"},{\"bbox\":[79.3,102.1,237.8,243.0],\"lines\":[{\"bbox\":[83.9,102.1,237.8,126.4],\"text\":\"Coalition revenues — 2014\"},{\"bbox\":[83.2,121.5,144.8,142.2],\"text\":\"Operations\"},{\"bbox\":[82.4,141.0,232.3,165.1],\"text\":\"Impact of foreign currency\"},{\"bbox\":[81.6,160.4,235.5,184.7],\"text\":\"Coalition revenues — 2015\"},{\"bbox\":[80.8,179.8,142.5,200.5],\"text\":\"Operations\"},{\"bbox\":[80.1,199.3,230.0,223.4],\"text\":\"Impact of foreign currency\"},{\"bbox\":[79.3,218.7,233.2,243.0],\"text\":\"Coalition revenues — 2016\"}],\"order\":3,\"text\":\"Coalition revenues — 2014\\nOperations\\nImpact of foreign currency\\nCoalition revenues — 2015\\nOperations\\nImpact of foreign currency\\nCoalition revenues — 2016\"},{\"bbox\":[333.9,112.0,341.6,130.5],\"lines\":[{\"bbox\":[333.9,112.0,341.6,130.5],\"text\":\"$\"}],\"order\":4,\"text\":\"$\"},{\"bbox\":[329.3,228.6,336.9,247.2],\"lines\":[{\"bbox\":[329.3,228.6,336.9,247.2],\"text\":\"$\"}],\"order\":5,\"text\":\"$\"},{\"bbox\":[338.7,254.6,383.0,293.3],\"lines\":[{\"bbox\":[340.7,254.6,382.1,271.0],\"text\":\"Outdoor\"},{\"bbox\":[339.1,265.7,382.6,282.2],\"text\":\"& Action\"},{\"bbox\":[344.7,277.0,376.1,293.0],\"text\":\"Sports\"}],\"order\":6,\"text\":\"Outdoor\\n& Action\\nSports\"},{\"bbox\":[77.6,266.2,129.1,283.0],\"lines\":[{\"bbox\":[77.6,266.2,129.1,283.0],\"text\":\"In millions\"}],\"order\":7,\"text\":\"In millions\"},{\"bbox\":[72.1,282.6,226.7,423.4],\"lines\":[{\"bbox\":[76.8,282.6,212.1,306.2],\"text\":\"Coalition profit — 2014\"},{\"bbox\":[76.0,302.0,137.7,322.7],\"text\":\"Operations\"},{\"bbox\":[75.2,321.5,225.2,345.6],\"text\":\"Impact of foreign currency\"},{\"bbox\":[74.5,340.9,209.8,364.5],\"text\":\"Coalition profit — 2015\"},{\"bbox\":[73.7,360.3,135.3,381.0],\"text\":\"Operations\"},{\"bbox\":[72.9,379.8,222.9,403.9],\"text\":\"Impact of foreign currency\"},{\"bbox\":[72.1,399.2,207.5,422.8],\"text\":\"Coalition profit — 2016\"}],\"order\":8,\"text\":\"Coalition profit — 2014\\nOperations\\nImpact of foreign currency\\nCoalition profit — 2015\\nOperations\\nImpact of foreign currency\\nCoalition profit — 2016\"},{\"bbox\":[352.4,112.9,420.7,250.3],\"lines\":[{\"bbox\":[357.0,112.9,420.7,133.7],\"text\":\"7,199.0 $\"},{\"bbox\":[366.7,132.8,398.6,152.3],\"text\":\"672.0\"},{\"bbox\":[361.2,152.0,402.5,171.9],\"text\":\"(470.6)\"},{\"bbox\":[354.7,171.2,397.1,191.1],\"text\":\"7,400.4\"},{\"bbox\":[364.3,191.1,396.3,210.6],\"text\":\"169.6\"},{\"bbox\":[365.9,210.6,400.2,230.2],\"text\":\"(36.9)\"},{\"bbox\":[352.4,229.6,416.1,250.3],\"text\":\"7,533.1 $\"}],\"order\":9,\"text\":\"7,199.0 $\\n672.0\\n(470.6)\\n7,400.4\\n169.6\\n(36.9)\\n7,533.1 $\"},{\"bbox\":[326.7,292.5,334.4,311.0],\"lines\":[{\"bbox\":[326.7,292.5,334.4,311.0],\"text\":\"$\"}],\"order\":10,\"text\":\"$\"},{\"bbox\":[421.5,99.1,472.1,115.9],\"lines\":[{\"bbox\":[421.5,99.1,472.1,115.9],\"text\":\"Jeanswear\"}],\"order\":11,\"text\":\"Jeanswear\"},{\"bbox\":[431.5,116.1,499.9,253.4],\"lines\":[{\"bbox\":[436.2,116.1,499.9,136.8],\"text\":\"2,801.8 $\"},{\"bbox\":[445.8,135.9,477.8,155.4],\"text\":\"101.7\"},{\"bbox\":[440.4,155.1,481.6,175.0],\"text\":\"(111.3)\"},{\"bbox\":[433.8,174.4,476.2,194.3],\"text\":\"2,792.2\"},{\"bbox\":[457.4,194.8,475.5,213.7],\"text\":\"3.4\"},{\"bbox\":[445.0,213.7,479.3,233.3],\"text\":\"(57.9)\"},{\"bbox\":[431.5,232.7,495.2,253.4],\"text\":\"2,737.7 $\"}],\"order\":12,\"text\":\"2,801.8 $\\n101.7\\n(111.3)\\n2,792.2\\n3.4\\n(57.9)\\n2,737.7 $\"},{\"bbox\":[414.4,279.6,464.9,296.4],\"lines\":[{\"bbox\":[414.4,279.6,464.9,296.4],\"text\":\"Jeanswear\"}],\"order\":13,\"text\":\"Jeanswear\"},{\"bbox\":[345.2,293.4,413.5,430.8],\"lines\":[{\"bbox\":[349.8,293.4,413.5,314.2],\"text\":\"1,313.0 $\"},{\"bbox\":[366.4,313.5,391.5,332.8],\"text\":\"97.4\"},{\"bbox\":[354.1,332.5,395.3,352.4],\"text\":\"(143.6)\"},{\"bbox\":[347.5,351.7,389.9,371.6],\"text\":\"1,266.8\"},{\"bbox\":[364.1,371.9,389.1,391.1],\"text\":\"41.8\"},{\"bbox\":[358.7,391.1,393.0,410.7],\"text\":\"(82.4)\"},{\"bbox\":[345.2,410.0,408.9,430.8],\"text\":\"1,226.2 $\"}],\"order\":14,\"text\":\"1,313.0 $\\n97.4\\n(143.6)\\n1,266.8\\n41.8\\n(82.4)\\n1,226.2 $\"},{\"bbox\":[322.1,409.1,329.8,427.7],\"lines\":[{\"bbox\":[322.1,409.1,329.8,427.7],\"text\":\"$\"}],\"order\":15,\"text\":\"$\"},{\"bbox\":[499.2,102.2,552.8,119.1],\"lines\":[{\"bbox\":[499.2,102.2,552.8,119.1],\"text\":\"Imagewear\"}],\"order\":16,\"text\":\"Imagewear\"},{\"bbox\":[577.7,105.3,632.6,122.2],\"lines\":[{\"bbox\":[577.7,105.3,632.6,122.2],\"text\":\"Sportswear\"}],\"order\":17,\"text\":\"Sportswear\"},{\"bbox\":[510.7,119.2,579.0,256.6],\"lines\":[{\"bbox\":[515.3,119.2,579.0,139.9],\"text\":\"1,104.0 $\"},{\"bbox\":[527.2,139.1,561.5,158.7],\"text\":\"(11.6)\"},{\"bbox\":[533.4,158.8,560.8,178.1],\"text\":\"(9.8)\"},{\"bbox\":[513.0,177.5,555.4,197.4],\"text\":\"1,082.6\"},{\"bbox\":[529.6,197.6,554.6,216.9],\"text\":\"21.1\"},{\"bbox\":[535.8,217.4,553.8,236.3],\"text\":\"0.1\"},{\"bbox\":[510.7,235.8,574.4,256.6],\"text\":\"1,103.8 $\"}],\"order\":18,\"text\":\"1,104.0 $\\n(11.6)\\n(9.8)\\n1,082.6\\n21.1\\n0.1\\n1,103.8 $\"},{\"bbox\":[492.0,282.6,545.6,299.6],\"lines\":[{\"bbox\":[492.0,282.6,545.6,299.6],\"text\":\"Imagewear\"}],\"order\":19,\"text\":\"Imagewear\"},{\"bbox\":[434.8,297.0,492.7,433.9],\"lines\":[{\"bbox\":[439.4,297.0,492.7,317.3],\"text\":\"528.0 $\"},{\"bbox\":[445.6,316.7,470.6,335.9],\"text\":\"39.5\"},{\"bbox\":[440.2,335.9,474.5,355.4],\"text\":\"(32.1)\"},{\"bbox\":[437.1,355.3,469.1,374.8],\"text\":\"535.4\"},{\"bbox\":[438.6,374.7,472.9,394.3],\"text\":\"(43.0)\"},{\"bbox\":[444.8,394.5,472.2,413.8],\"text\":\"(0.5)\"},{\"bbox\":[434.8,413.6,488.1,433.9],\"text\":\"491.9 $\"}],\"order\":20,\"text\":\"528.0 $\\n39.5\\n(32.1)\\n535.4\\n(43.0)\\n(0.5)\\n491.9 $\"},{\"bbox\":[667.7,108.8,696.7,124.8],\"lines\":[{\"bbox\":[667.7,108.8,696.7,124.8],\"text\":\"Other\"}],\"order\":21,\"text\":\"Other\"},{\"bbox\":[600.2,122.8,658.2,259.7],\"lines\":[{\"bbox\":[604.9,122.8,658.2,143.1],\"text\":\"650.2 $\"},{\"bbox\":[606.4,142.2,640.7,161.8],\"text\":\"(15.1)\"},{\"bbox\":[620.7,162.3,635.3,181.1],\"text\":\"—\"},{\"bbox\":[602.6,181.1,634.5,200.6],\"text\":\"635.1\"},{\"bbox\":[604.1,200.5,638.4,220.1],\"text\":\"(98.8)\"},{\"bbox\":[618.4,220.6,633.0,239.4],\"text\":\"—\"},{\"bbox\":[600.2,239.4,653.5,259.7],\"text\":\"536.3 $\"}],\"order\":22,\"text\":\"650.2 $\\n(15.1)\\n—\\n635.1\\n(98.8)\\n—\\n536.3 $\"},{\"bbox\":[570.5,285.8,625.4,302.7],\"lines\":[{\"bbox\":[570.5,285.8,625.4,302.7],\"text\":\"Sportswear\"}],\"order\":23,\"text\":\"Sportswear\"},{\"bbox\":[513.9,300.1,571.8,437.1],\"lines\":[{\"bbox\":[518.6,300.1,571.8,320.4],\"text\":\"164.4 $\"},{\"bbox\":[527.0,319.8,554.4,339.2],\"text\":\"(0.6)\"},{\"bbox\":[526.3,339.3,553.6,358.6],\"text\":\"(5.8)\"},{\"bbox\":[516.3,358.4,548.2,377.9],\"text\":\"158.0\"},{\"bbox\":[522.4,378.1,547.4,397.4],\"text\":\"15.7\"},{\"bbox\":[528.6,397.9,546.7,416.8],\"text\":\"6.1\"},{\"bbox\":[513.9,416.7,567.2,437.1],\"text\":\"179.8 $\"}],\"order\":24,\"text\":\"164.4 $\\n(0.6)\\n(5.8)\\n158.0\\n15.7\\n6.1\\n179.8 $\"},{\"bbox\":[744.7,111.9,770.6,127.7],\"lines\":[{\"bbox\":[744.7,111.9,770.6,127.7],\"text\":\"Total\"}],\"order\":25,\"text\":\"Total\"},{\"bbox\":[675.2,125.7,791.4,265.0],\"lines\":[{\"bbox\":[679.9,125.7,786.7,148.2],\"text\":\"126.7 $ 11,881.7\"},{\"bbox\":[688.3,145.5,715.7,164.8],\"text\":\"(4.3)\"},{\"bbox\":[754.1,148.1,786.0,167.6],\"text\":\"742.7\"},{\"bbox\":[748.7,167.3,789.9,187.2],\"text\":\"(591.7)\"},{\"bbox\":[695.7,165.3,710.3,184.1],\"text\":\"—\"},{\"bbox\":[677.5,184.0,709.5,203.5],\"text\":\"122.4\"},{\"bbox\":[735.1,186.3,784.4,206.5],\"text\":\"12,032.7\"},{\"bbox\":[679.1,203.5,713.4,223.1],\"text\":\"(14.3)\"},{\"bbox\":[758.7,206.7,783.7,225.9],\"text\":\"81.0\"},{\"bbox\":[753.3,225.9,787.6,245.5],\"text\":\"(94.7)\"},{\"bbox\":[693.4,223.6,708.0,242.4],\"text\":\"—\"},{\"bbox\":[675.2,242.4,782.1,264.8],\"text\":\"108.1 $ 12,019.0\"}],\"order\":26,\"text\":\"126.7 $ 11,881.7\\n(4.3)\\n742.7\\n(591.7)\\n—\\n122.4\\n12,032.7\\n(14.3)\\n81.0\\n(94.7)\\n—\\n108.1 $ 12,019.0\"},{\"bbox\":[660.6,289.3,689.5,305.3],\"lines\":[{\"bbox\":[660.6,289.3,689.5,305.3],\"text\":\"Other\"}],\"order\":27,\"text\":\"Other\"},{\"bbox\":[737.5,292.4,763.4,308.2],\"lines\":[{\"bbox\":[737.5,292.4,763.4,308.2],\"text\":\"Total\"}],\"order\":28,\"text\":\"Total\"},{\"bbox\":[670.4,306.3,784.3,445.5],\"lines\":[{\"bbox\":[681.9,306.5,779.6,328.7],\"text\":\"(2.7) $ 2,080.7\"},{\"bbox\":[678.9,325.9,703.9,345.2],\"text\":\"17.7\"},{\"bbox\":[746.9,328.6,778.9,348.1],\"text\":\"154.9\"},{\"bbox\":[741.5,347.8,782.7,367.7],\"text\":\"(181.5)\"},{\"bbox\":[688.5,345.8,703.1,364.6],\"text\":\"—\"},{\"bbox\":[677.3,364.8,702.4,384.0],\"text\":\"15.0\"},{\"bbox\":[734.9,367.1,777.3,387.0],\"text\":\"2,054.1\"},{\"bbox\":[671.9,384.0,706.2,403.6],\"text\":\"(19.3)\"},{\"bbox\":[746.9,387.0,781.2,406.6],\"text\":\"(47.1)\"},{\"bbox\":[746.1,406.4,780.4,426.0],\"text\":\"(76.8)\"},{\"bbox\":[686.2,404.1,700.8,422.9],\"text\":\"—\"},{\"bbox\":[677.3,423.2,775.0,445.3],\"text\":\"(4.3) $ 1,930.2\"}],\"order\":29,\"text\":\"(2.7) $ 2,080.7\\n17.7\\n154.9\\n(181.5)\\n—\\n15.0\\n2,054.1\\n(19.3)\\n(47.1)\\n(76.8)\\n—\\n(4.3) $ 1,930.2\"},{\"bbox\":[595.4,303.3,651.0,440.2],\"lines\":[{\"bbox\":[604.7,303.5,651.0,323.6],\"text\":\"78.0 $\"},{\"bbox\":[610.8,323.2,628.9,342.2],\"text\":\"0.9\"},{\"bbox\":[613.5,342.8,628.1,361.6],\"text\":\"—\"},{\"bbox\":[602.3,361.8,627.4,381.1],\"text\":\"78.9\"},{\"bbox\":[596.9,381.0,631.2,400.6],\"text\":\"(42.3)\"},{\"bbox\":[611.2,401.1,625.8,419.9],\"text\":\"—\"},{\"bbox\":[600.0,420.2,646.4,440.2],\"text\":\"36.6 $\"}],\"order\":30,\"text\":\"78.0 $\\n0.9\\n—\\n78.9\\n(42.3)\\n—\\n36.6 $\"},{\"bbox\":[99.9,435.2,580.1,472.4],\"lines\":[{\"bbox\":[99.9,435.2,580.1,472.4],\"text\":\"The following section discusses the changes in revenues and profitability by coalition:\"}],\"order\":31,\"text\":\"The following section discusses the changes in revenues and profitability by coalition:\"},{\"bbox\":[65.2,469.7,215.7,494.1],\"lines\":[{\"bbox\":[65.2,469.7,215.7,494.1],\"text\":\"Outdoor & Action Sports\"}],\"order\":32,\"text\":\"Outdoor & Action Sports\"},{\"bbox\":[667.6,522.1,705.0,549.4],\"lines\":[{\"bbox\":[668.2,522.1,704.9,538.3],\"text\":\"Percent\"},{\"bbox\":[667.6,533.2,704.6,549.4],\"text\":\"Change\"}],\"order\":33,\"text\":\"Percent\\nChange\"},{\"bbox\":[67.2,526.1,154.9,544.3],\"lines\":[{\"bbox\":[67.2,526.1,154.9,544.3],\"text\":\"Dollars in millions\"}],\"order\":34,\"text\":\"Dollars in millions\"},{\"bbox\":[64.9,542.2,171.7,603.5],\"lines\":[{\"bbox\":[66.5,542.2,171.7,564.6],\"text\":\"Coalition revenues\"},{\"bbox\":[65.7,561.7,152.4,583.3],\"text\":\"Coalition profit\"},{\"bbox\":[64.9,581.1,164.0,603.2],\"text\":\"Operating margin\"}],\"order\":35,\"text\":\"Coalition revenues\\nCoalition profit\\nOperating margin\"},{\"bbox\":[324.8,552.5,332.4,571.0],\"lines\":[{\"bbox\":[324.8,552.5,332.4,571.0],\"text\":\"$\"}],\"order\":36,\"text\":\"$\"},{\"bbox\":[353.3,537.4,376.1,553.1],\"lines\":[{\"bbox\":[353.3,537.4,376.1,553.1],\"text\":\"2016\"}],\"order\":37,\"text\":\"2016\"},{\"bbox\":[445.0,541.0,467.8,556.7],\"lines\":[{\"bbox\":[445.0,541.0,467.8,556.7],\"text\":\"2015\"}],\"order\":38,\"text\":\"2015\"},{\"bbox\":[536.6,544.7,559.4,560.4],\"lines\":[{\"bbox\":[536.6,544.7,559.4,560.4],\"text\":\"2014\"}],\"order\":39,\"text\":\"2014\"},{\"bbox\":[351.9,553.6,424.1,613.5],\"lines\":[{\"bbox\":[353.4,553.6,395.8,573.5],\"text\":\"7,533.1\"},{\"bbox\":[416.4,556.1,424.1,574.6],\"text\":\"$\"},{\"bbox\":[352.7,573.0,395.0,592.9],\"text\":\"1,226.2\"},{\"bbox\":[369.2,593.2,405.8,612.8],\"text\":\"16.3%\"}],\"order\":40,\"text\":\"7,533.1\\n$\\n1,226.2\\n16.3%\"},{\"bbox\":[443.5,557.2,515.7,617.1],\"lines\":[{\"bbox\":[445.1,557.2,487.5,577.1],\"text\":\"7,400.4\"},{\"bbox\":[508.1,559.7,515.7,578.3],\"text\":\"$\"},{\"bbox\":[444.3,576.7,486.7,596.6],\"text\":\"1,266.8\"},{\"bbox\":[460.9,596.8,497.5,616.5],\"text\":\"17.1%\"}],\"order\":41,\"text\":\"7,400.4\\n$\\n1,266.8\\n17.1%\"},{\"bbox\":[535.2,560.9,590.7,620.1],\"lines\":[{\"bbox\":[536.7,560.9,579.1,580.8],\"text\":\"7,199.0\"},{\"bbox\":[536.0,580.3,578.3,600.2],\"text\":\"1,313.0\"},{\"bbox\":[552.5,600.4,589.1,620.1],\"text\":\"18.2%\"}],\"order\":42,\"text\":\"7,199.0\\n1,313.0\\n18.2%\"},{\"bbox\":[628.3,548.3,651.1,564.0],\"lines\":[{\"bbox\":[628.3,548.3,651.1,564.0],\"text\":\"2016\"}],\"order\":43,\"text\":\"2016\"},{\"bbox\":[642.6,565.1,682.3,604.3],\"lines\":[{\"bbox\":[648.0,565.3,682.3,584.9],\"text\":\"1.8 %\"},{\"bbox\":[642.6,584.6,681.5,604.3],\"text\":\"(3.2)%\"}],\"order\":44,\"text\":\"1.8 %\\n(3.2)%\"},{\"bbox\":[719.9,551.9,742.7,567.6],\"lines\":[{\"bbox\":[719.9,551.9,742.7,567.6],\"text\":\"2015\"}],\"order\":45,\"text\":\"2015\"},{\"bbox\":[734.3,568.7,774.0,607.9],\"lines\":[{\"bbox\":[739.7,568.9,774.0,588.5],\"text\":\"2.8 %\"},{\"bbox\":[734.3,588.2,773.2,607.9],\"text\":\"(3.5)%\"}],\"order\":46,\"text\":\"2.8 %\\n(3.5)%\"},{\"bbox\":[58.7,614.2,771.2,678.9],\"lines\":[{\"bbox\":[92.7,615.5,771.2,662.2],\"text\":\"The Outdoor & Action Sports coalition includes the following brands: Vans ® , The North Face ® , Timberland ® , Kipling ®\"},{\"bbox\":[58.7,630.9,656.8,674.3],\"text\":\"(outside of North America), Napapijri ® , JanSport ® , Reef ® , SmartWool ® , Eastpak ® , lucy ® and Eagle Creek ® .\"}],\"order\":47,\"text\":\"The Outdoor & Action Sports coalition includes the following brands: Vans ® , The North Face ® , Timberland ® , Kipling ®\\n(outside of North America), Napapijri ® , JanSport ® , Reef ® , SmartWool ® , Eastpak ® , lucy ® and Eagle Creek ® .\"},{\"bbox\":[57.6,661.3,190.1,685.0],\"lines\":[{\"bbox\":[57.6,661.3,190.1,685.0],\"text\":\"2016 compared to 2015\"}],\"order\":48,\"text\":\"2016 compared to 2015\"},{\"bbox\":[54.6,685.2,768.3,781.6],\"lines\":[{\"bbox\":[90.0,686.5,768.3,731.6],\"text\":\"Global revenues for Outdoor & Action Sports increased 2% in 2016, reflecting strong growth in the direct-to-consumer\"},{\"bbox\":[56.0,701.8,767.7,748.3],\"text\":\"channel, partially offset by weakness in the U.S. wholesale channel. Revenues in the Americas region were consistent with 2015,\"},{\"bbox\":[55.3,718.5,767.0,764.9],\"text\":\"and revenues in the Asia Pacific region increased 4% in 2016 despite a 2% negative impact from foreign currency. European\"},{\"bbox\":[54.6,735.1,746.3,780.8],\"text\":\"revenues increased 5% in 2016, representing operational growth of 4% and a favorable impact from foreign currency of 1%.\"}],\"order\":49,\"text\":\"Global revenues for Outdoor & Action Sports increased 2% in 2016, reflecting strong growth in the direct-to-consumer\\nchannel, partially offset by weakness in the U.S. wholesale channel. Revenues in the Americas region were consistent with 2015,\\nand revenues in the Asia Pacific region increased 4% in 2016 despite a 2% negative impact from foreign currency. European\\nrevenues increased 5% in 2016, representing operational growth of 4% and a favorable impact from foreign currency of 1%.\"},{\"bbox\":[52.2,764.3,765.2,844.1],\"lines\":[{\"bbox\":[86.8,765.6,765.2,810.8],\"text\":\"Global direct-to-consumer revenues for Outdoor & Action Sports grew 13% in 2016, driven by new store openings and an\"},{\"bbox\":[52.8,781.0,764.5,827.4],\"text\":\"expanding e-commerce business. Wholesale revenues were down 4% in 2016, primarily due to retailer bankruptcies and reduced\"},{\"bbox\":[52.2,797.6,518.8,834.4],\"text\":\"off-price shipments in the U.S., and a negative impact from foreign currency of 1%.\"}],\"order\":50,\"text\":\"Global direct-to-consumer revenues for Outdoor & Action Sports grew 13% in 2016, driven by new store openings and an\\nexpanding e-commerce business. Wholesale revenues were down 4% in 2016, primarily due to retailer bankruptcies and reduced\\noff-price shipments in the U.S., and a negative impact from foreign currency of 1%.\"},{\"bbox\":[45.7,825.2,762.8,1006.5],\"lines\":[{\"bbox\":[84.3,826.6,762.8,873.2],\"text\":\"Vans ® brand global revenues were up 6% in 2016, reflecting strong operational growth in the direct-to-consumer channel,\"},{\"bbox\":[50.3,843.2,762.1,889.9],\"text\":\"partially offset by declines in the wholesale channel and a negative 1% impact from foreign currency. Global revenues for The\"},{\"bbox\":[49.7,858.6,761.4,906.6],\"text\":\"North Face ® brand decreased 2% in 2016, as strong operational growth in the direct-to-consumer channel was more than offset\"},{\"bbox\":[49.0,876.8,760.8,923.2],\"text\":\"by declines in the wholesale channel in the U.S. and an unfavorable foreign currency impact of 1%. The wholesale revenue declines\"},{\"bbox\":[48.4,891.9,760.1,939.9],\"text\":\"for The North Face ® brand were attributable to retailer bankruptcies and management’s proactive approach to managing inventory\"},{\"bbox\":[47.7,910.1,759.4,956.5],\"text\":\"levels in the market by reducing off-price shipments in the U.S. during the fourth quarter. The combination of both factors negatively\"},{\"bbox\":[47.0,925.2,758.8,973.2],\"text\":\"impacted revenue growth for the year by approximately 4%. Global revenues for the Timberland ® brand were up 1% in 2016\"},{\"bbox\":[46.4,943.4,758.1,989.9],\"text\":\"driven by growth in the direct-to-consumer channel and international business, partially offset by weaker wholesale revenues in\"},{\"bbox\":[45.7,960.1,91.6,980.1],\"text\":\"the U.S.\"}],\"order\":51,\"text\":\"Vans ® brand global revenues were up 6% in 2016, reflecting strong operational growth in the direct-to-consumer channel,\\npartially offset by declines in the wholesale channel and a negative 1% impact from foreign currency. Global revenues for The\\nNorth Face ® brand decreased 2% in 2016, as strong operational growth in the direct-to-consumer channel was more than offset\\nby declines in the wholesale channel in the U.S. and an unfavorable foreign currency impact of 1%. The wholesale revenue declines\\nfor The North Face ® brand were attributable to retailer bankruptcies and management’s proactive approach to managing inventory\\nlevels in the market by reducing off-price shipments in the U.S. during the fourth quarter. The combination of both factors negatively\\nimpacted revenue growth for the year by approximately 4%. Global revenues for the Timberland ® brand were up 1% in 2016\\ndriven by growth in the direct-to-consumer channel and international business, partially offset by weaker wholesale revenues in\\nthe U.S.\"},{\"bbox\":[391.8,1035.7,406.4,1054.5],\"lines\":[{\"bbox\":[391.8,1035.7,406.4,1054.5],\"text\":\"27\"}],\"order\":52,\"text\":\"27\"}],\"doc\":\"fintabnet:VFC_2016\",\"dpi\":100,\"image_px\":[838,1088],\"layout\":[],\"markdown\":\"The following tables present a summary of the changes in coalition revenues and coalition profit during the last two years:\\n\\nOutdoor\\n& Action\\nSports\\n\\nIn millions\\n\\nCoalition revenues — 2014\\nOperations\\nImpact of foreign currency\\nCoalition revenues — 2015\\nOperations\\nImpact of foreign currency\\nCoalition revenues — 2016\\n\\n$\\n\\n$\\n\\nOutdoor\\n& Action\\nSports\\n\\nIn millions\\n\\nCoalition profit — 2014\\nOperations\\nImpact of foreign currency\\nCoalition profit — 2015\\nOperations\\nImpact of foreign currency\\nCoalition profit — 2016\\n\\n7,199.0 $\\n672.0\\n(470.6)\\n7,400.4\\n169.6\\n(36.9)\\n7,533.1 $\\n\\n$\\n\\nJeanswear\\n\\n2,801.8 $\\n101.7\\n(111.3)\\n2,792.2\\n3.4\\n(57.9)\\n2,737.7 $\\n\\nJeanswear\\n\\n1,313.0 $\\n97.4\\n(143.6)\\n1,266.8\\n41.8\\n(82.4)\\n1,226.2 $\\n\\n$\\n\\nImagewear\\n\\nSportswear\\n\\n1,104.0 $\\n(11.6)\\n(9.8)\\n1,082.6\\n21.1\\n0.1\\n1,103.8 $\\n\\nImagewear\\n\\n528.0 $\\n39.5\\n(32.1)\\n535.4\\n(43.0)\\n(0.5)\\n491.9 $\\n\\nOther\\n\\n650.2 $\\n(15.1)\\n—\\n635.1\\n(98.8)\\n—\\n536.3 $\\n\\nSportswear\\n\\n164.4 $\\n(0.6)\\n(5.8)\\n158.0\\n15.7\\n6.1\\n179.8 $\\n\\nTotal\\n\\n126.7 $ 11,881.7\\n(4.3)\\n742.7\\n(591.7)\\n—\\n122.4\\n12,032.7\\n(14.3)\\n81.0\\n(94.7)\\n—\\n108.1 $ 12,019.0\\n\\nOther\\n\\nTotal\\n\\n(2.7) $ 2,080.7\\n17.7\\n154.9\\n(181.5)\\n—\\n15.0\\n2,054.1\\n(19.3)\\n(47.1)\\n(76.8)\\n—\\n(4.3) $ 1,930.2\\n\\n78.0 $\\n0.9\\n—\\n78.9\\n(42.3)\\n—\\n36.6 $\\n\\nThe following section discusses the changes in revenues and profitability by coalition:\\n\\nOutdoor & Action Sports\\n\\nPercent\\nChange\\n\\nDollars in millions\\n\\nCoalition revenues\\nCoalition profit\\nOperating margin\\n\\n$\\n\\n2016\\n\\n2015\\n\\n2014\\n\\n7,533.1\\n$\\n1,226.2\\n16.3%\\n\\n7,400.4\\n$\\n1,266.8\\n17.1%\\n\\n7,199.0\\n1,313.0\\n18.2%\\n\\n2016\\n\\n1.8 %\\n(3.2)%\\n\\n2015\\n\\n2.8 %\\n(3.5)%\\n\\nThe Outdoor & Action Sports coalition includes the following brands: Vans ® , The North Face ® , Timberland ® , Kipling ®\\n(outside of North America), Napapijri ® , JanSport ® , Reef ® , SmartWool ® , Eastpak ® , lucy ® and Eagle Creek ® .\\n\\n2016 compared to 2015\\n\\nGlobal revenues for Outdoor & Action Sports increased 2% in 2016, reflecting strong growth in the direct-to-consumer\\nchannel, partially offset by weakness in the U.S. wholesale channel. Revenues in the Americas region were consistent with 2015,\\nand revenues in the Asia Pacific region increased 4% in 2016 despite a 2% negative impact from foreign currency. European\\nrevenues increased 5% in 2016, representing operational growth of 4% and a favorable impact from foreign currency of 1%.\\n\\nGlobal direct-to-consumer revenues for Outdoor & Action Sports grew 13% in 2016, driven by new store openings and an\\nexpanding e-commerce business. Wholesale revenues were down 4% in 2016, primarily due to retailer bankruptcies and reduced\\noff-price shipments in the U.S., and a negative impact from foreign currency of 1%.\\n\\nVans ® brand global revenues were up 6% in 2016, reflecting strong operational growth in the direct-to-consumer channel,\\npartially offset by declines in the wholesale channel and a negative 1% impact from foreign currency. Global revenues for The\\nNorth Face ® brand decreased 2% in 2016, as strong operational growth in the direct-to-consumer channel was more than offset\\nby declines in the wholesale channel in the U.S. and an unfavorable foreign currency impact of 1%. The wholesale revenue declines\\nfor The North Face ® brand were attributable to retailer bankruptcies and management’s proactive approach to managing inventory\\nlevels in the market by reducing off-price shipments in the U.S. during the fourth quarter. The combination of both factors negatively\\nimpacted revenue growth for the year by approximately 4%. Global revenues for the Timberland ® brand were up 1% in 2016\\ndriven by growth in the direct-to-consumer channel and international business, partially offset by weaker wholesale revenues in\\nthe U.S.\\n\\n27\",\"name\":\"fintabnet.VFC_2016_page_45__100dpi_heavy\",\"page_id\":\"fintabnet.VFC_2016_page_45\",\"reference\":\"pdf-text-layer\",\"severity\":\"heavy\",\"skew_deg\":-2.272,\"source\":\"fintabnet\",\"source_id\":\"VFC_2016_page_45\",\"stack\":[{\"deg\":-2.272,\"op\":\"skew\"},{\"amp\":0.324,\"angle\":115.8,\"blob\":0.72,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.728},{\"op\":\"noise\",\"sigma\":15.078},{\"offset\":0.027,\"op\":\"fax\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[65.0,499.8,775.7,626.1],\"block_orders\":[33,34,35,36,37,38,39,40,41,42,43,44,45,46],\"cells\":null}],\"text\":\"The following tables present a summary of the changes in coalition revenues and coalition profit during the last two years:\\n\\nOutdoor\\n& Action\\nSports\\n\\nIn millions\\n\\nCoalition revenues — 2014\\nOperations\\nImpact of foreign currency\\nCoalition revenues — 2015\\nOperations\\nImpact of foreign currency\\nCoalition revenues — 2016\\n\\n$\\n\\n$\\n\\nOutdoor\\n& Action\\nSports\\n\\nIn millions\\n\\nCoalition profit — 2014\\nOperations\\nImpact of foreign currency\\nCoalition profit — 2015\\nOperations\\nImpact of foreign currency\\nCoalition profit — 2016\\n\\n7,199.0 $\\n672.0\\n(470.6)\\n7,400.4\\n169.6\\n(36.9)\\n7,533.1 $\\n\\n$\\n\\nJeanswear\\n\\n2,801.8 $\\n101.7\\n(111.3)\\n2,792.2\\n3.4\\n(57.9)\\n2,737.7 $\\n\\nJeanswear\\n\\n1,313.0 $\\n97.4\\n(143.6)\\n1,266.8\\n41.8\\n(82.4)\\n1,226.2 $\\n\\n$\\n\\nImagewear\\n\\nSportswear\\n\\n1,104.0 $\\n(11.6)\\n(9.8)\\n1,082.6\\n21.1\\n0.1\\n1,103.8 $\\n\\nImagewear\\n\\n528.0 $\\n39.5\\n(32.1)\\n535.4\\n(43.0)\\n(0.5)\\n491.9 $\\n\\nOther\\n\\n650.2 $\\n(15.1)\\n—\\n635.1\\n(98.8)\\n—\\n536.3 $\\n\\nSportswear\\n\\n164.4 $\\n(0.6)\\n(5.8)\\n158.0\\n15.7\\n6.1\\n179.8 $\\n\\nTotal\\n\\n126.7 $ 11,881.7\\n(4.3)\\n742.7\\n(591.7)\\n—\\n122.4\\n12,032.7\\n(14.3)\\n81.0\\n(94.7)\\n—\\n108.1 $ 12,019.0\\n\\nOther\\n\\nTotal\\n\\n(2.7) $ 2,080.7\\n17.7\\n154.9\\n(181.5)\\n—\\n15.0\\n2,054.1\\n(19.3)\\n(47.1)\\n(76.8)\\n—\\n(4.3) $ 1,930.2\\n\\n78.0 $\\n0.9\\n—\\n78.9\\n(42.3)\\n—\\n36.6 $\\n\\nThe following section discusses the changes in revenues and profitability by coalition:\\n\\nOutdoor & Action Sports\\n\\nPercent\\nChange\\n\\nDollars in millions\\n\\nCoalition revenues\\nCoalition profit\\nOperating margin\\n\\n$\\n\\n2016\\n\\n2015\\n\\n2014\\n\\n7,533.1\\n$\\n1,226.2\\n16.3%\\n\\n7,400.4\\n$\\n1,266.8\\n17.1%\\n\\n7,199.0\\n1,313.0\\n18.2%\\n\\n2016\\n\\n1.8 %\\n(3.2)%\\n\\n2015\\n\\n2.8 %\\n(3.5)%\\n\\nThe Outdoor & Action Sports coalition includes the following brands: Vans ® , The North Face ® , Timberland ® , Kipling ®\\n(outside of North America), Napapijri ® , JanSport ® , Reef ® , SmartWool ® , Eastpak ® , lucy ® and Eagle Creek ® .\\n\\n2016 compared to 2015\\n\\nGlobal revenues for Outdoor & Action Sports increased 2% in 2016, reflecting strong growth in the direct-to-consumer\\nchannel, partially offset by weakness in the U.S. wholesale channel. Revenues in the Americas region were consistent with 2015,\\nand revenues in the Asia Pacific region increased 4% in 2016 despite a 2% negative impact from foreign currency. European\\nrevenues increased 5% in 2016, representing operational growth of 4% and a favorable impact from foreign currency of 1%.\\n\\nGlobal direct-to-consumer revenues for Outdoor & Action Sports grew 13% in 2016, driven by new store openings and an\\nexpanding e-commerce business. Wholesale revenues were down 4% in 2016, primarily due to retailer bankruptcies and reduced\\noff-price shipments in the U.S., and a negative impact from foreign currency of 1%.\\n\\nVans ® brand global revenues were up 6% in 2016, reflecting strong operational growth in the direct-to-consumer channel,\\npartially offset by declines in the wholesale channel and a negative 1% impact from foreign currency. Global revenues for The\\nNorth Face ® brand decreased 2% in 2016, as strong operational growth in the direct-to-consumer channel was more than offset\\nby declines in the wholesale channel in the U.S. and an unfavorable foreign currency impact of 1%. The wholesale revenue declines\\nfor The North Face ® brand were attributable to retailer bankruptcies and management’s proactive approach to managing inventory\\nlevels in the market by reducing off-price shipments in the U.S. during the fourth quarter. The combination of both factors negatively\\nimpacted revenue growth for the year by approximately 4%. Global revenues for the Timberland ® brand were up 1% in 2016\\ndriven by growth in the direct-to-consumer channel and international business, partially offset by weaker wholesale revenues in\\nthe U.S.\\n\\n27\"},\"name\":\"fintabnet.VFC_2016_page_45__100dpi_heavy\",\"page_no\":1,\"scan_provenance\":{\"bytes\":131396,\"codec\":\"g4\",\"copy\":0,\"doc\":\"fintabnet:VFC_2016\",\"dpi\":100,\"gt_sha256\":\"617fd6b0cb525562ad889ef6f467984ba965b100295f1aec0650c738251faeef\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.VFC_2016_page_45__100dpi_heavy\",\"page\":1,\"page_id\":\"fintabnet.VFC_2016_page_45\",\"pdf_sha256\":\"8d1a54cd46195e9972b4f4c7888843a58bf67959a20989a21b35b2666ff5be65\",\"px\":[838,1088],\"scan\":{\"render\":\"000000002100200070007000320060007fa8ff00ffe0fffcfffcfffefffefffc\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"heavy\",\"source\":\"fintabnet\",\"source_id\":\"VFC_2016_page_45\",\"src\":{\"file_sha256\":\"3e2efaba3e1f310f678e3526f16853f591e38d68d3b56b9bb30f519dfe0a0eed\",\"render\":\"000003f873fe73fe63fe73fe23fe000063fe00007ffe3ffc7ff47ffe00000000\",\"text\":\"2a28779c6dff73d3b393fa091675c7e3d474a489e4d41e24d47dd18a8781965b\"},\"stack\":[{\"deg\":-2.272,\"op\":\"skew\"},{\"amp\":0.324,\"angle\":115.8,\"blob\":0.72,\"op\":\"illumination\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":1.728},{\"op\":\"noise\",\"sigma\":15.078},{\"offset\":0.027,\"op\":\"fax\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"8d1a54cd46195e9972b4f4c7888843a58bf67959a20989a21b35b2666ff5be65\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/8d1a54cd46195e9972b4f4c7888843a58bf67959a20989a21b35b2666ff5be65.pdf","asset_sha256":"8d1a54cd46195e9972b4f4c7888843a58bf67959a20989a21b35b2666ff5be65","document_id":"fintabnet:VFC_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"VFC_2016_page_45\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"VFC_2016_page_48\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:VFC_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[49.9,32.0,562.2,63.9],\"lines\":[{\"bbox\":[74.0,32.3,562.2,51.9],\"text\":\"Operating margin decreased 560 basis points in 2016 over 2015, primarily due to increased promotional activity, reduced\"},{\"bbox\":[49.9,44.0,300.3,60.4],\"text\":\"expense leverage on lower revenues and restructuring charges.\"}],\"order\":0,\"text\":\"Operating margin decreased 560 basis points in 2016 over 2015, primarily due to increased promotional activity, reduced\\nexpense leverage on lower revenues and restructuring charges.\"},{\"bbox\":[49.6,64.8,144.7,79.4],\"lines\":[{\"bbox\":[49.6,64.8,144.7,79.4],\"text\":\"2015 compared to 2014\"}],\"order\":1,\"text\":\"2015 compared to 2014\"},{\"bbox\":[48.6,80.9,561.6,161.9],\"lines\":[{\"bbox\":[73.4,81.2,561.5,101.9],\"text\":\"Coalition revenues decreased 2% in 2015 over 2014, partially due to the impact of the 53 rd week in 2014. Nautica ® brand\"},{\"bbox\":[49.2,94.0,561.4,113.9],\"text\":\"revenues decreased 4% in 2015 due in part to the unseasonably warm weather in the fourth quarter, which reduced consumer\"},{\"bbox\":[49.1,104.9,561.2,125.9],\"text\":\"demand for fleece, sweaters and outerwear. Nautica ® brand direct-to-consumer revenues were down 9% in 2015 compared to\"},{\"bbox\":[48.9,116.9,561.1,137.9],\"text\":\"2014 due to reduced traffic and the exit of less profitable stores. Wholesale revenues for the Nautica ® brand were only down 1%\"},{\"bbox\":[48.8,128.9,560.9,149.9],\"text\":\"in 2015 despite continuing challenges in the U.S. department store channel. Kipling ® brand revenues in North America increased\"},{\"bbox\":[48.6,142.0,338.9,158.9],\"text\":\"8%, driven by growth in the direct-to-consumer and wholesale channels.\"}],\"order\":2,\"text\":\"Coalition revenues decreased 2% in 2015 over 2014, partially due to the impact of the 53 rd week in 2014. Nautica ® brand\\nrevenues decreased 4% in 2015 due in part to the unseasonably warm weather in the fourth quarter, which reduced consumer\\ndemand for fleece, sweaters and outerwear. Nautica ® brand direct-to-consumer revenues were down 9% in 2015 compared to\\n2014 due to reduced traffic and the exit of less profitable stores. Wholesale revenues for the Nautica ® brand were only down 1%\\nin 2015 despite continuing challenges in the U.S. department store channel. Kipling ® brand revenues in North America increased\\n8%, driven by growth in the direct-to-consumer and wholesale channels.\"},{\"bbox\":[48.0,163.0,560.5,206.9],\"lines\":[{\"bbox\":[72.3,163.3,560.5,182.9],\"text\":\"Operating margin increased 40 basis points in 2015 over 2014, primarily driven by a shift in business mix to the higher\"},{\"bbox\":[48.2,173.9,560.3,194.9],\"text\":\"margin Kipling ® brand business and lower levels of promotional activity in the wholesale channel for the Nautica ® brand, partially\"},{\"bbox\":[48.0,187.0,524.2,206.4],\"text\":\"offset by reduced expense leverage on lower sales volume and increased investments in direct-to-consumer businesses.\"}],\"order\":3,\"text\":\"Operating margin increased 40 basis points in 2015 over 2014, primarily driven by a shift in business mix to the higher\\nmargin Kipling ® brand business and lower levels of promotional activity in the wholesale channel for the Nautica ® brand, partially\\noffset by reduced expense leverage on lower sales volume and increased investments in direct-to-consumer businesses.\"},{\"bbox\":[47.7,212.8,73.4,226.4],\"lines\":[{\"bbox\":[47.7,212.8,73.4,226.4],\"text\":\"Other\"}],\"order\":4,\"text\":\"Other\"},{\"bbox\":[482.1,239.0,508.6,258.0],\"lines\":[{\"bbox\":[482.3,239.0,508.5,250.0],\"text\":\"Percent\"},{\"bbox\":[482.1,247.0,508.5,258.0],\"text\":\"Change\"}],\"order\":5,\"text\":\"Percent\\nChange\"},{\"bbox\":[50.2,253.3,113.0,264.8],\"lines\":[{\"bbox\":[50.2,253.3,113.0,264.8],\"text\":\"Dollars in millions\"}],\"order\":6,\"text\":\"Dollars in millions\"},{\"bbox\":[49.6,264.9,121.0,307.0],\"lines\":[{\"bbox\":[50.0,264.9,89.0,278.6],\"text\":\"Revenues\"},{\"bbox\":[49.8,278.9,97.5,292.7],\"text\":\"Profit (loss)\"},{\"bbox\":[49.6,292.9,120.6,307.0],\"text\":\"Operating margin\"}],\"order\":7,\"text\":\"Revenues\\nProfit (loss)\\nOperating margin\"},{\"bbox\":[256.1,256.0,272.3,266.9],\"lines\":[{\"bbox\":[256.1,256.0,272.3,266.9],\"text\":\"2016\"}],\"order\":8,\"text\":\"2016\"},{\"bbox\":[236.0,267.4,241.1,280.6],\"lines\":[{\"bbox\":[236.0,267.4,241.1,280.6],\"text\":\"$\"}],\"order\":9,\"text\":\"$\"},{\"bbox\":[322.1,256.9,338.3,267.7],\"lines\":[{\"bbox\":[322.1,256.9,338.3,267.7],\"text\":\"2015\"}],\"order\":10,\"text\":\"2015\"},{\"bbox\":[260.3,267.7,307.1,309.5],\"lines\":[{\"bbox\":[260.7,267.7,283.4,281.1],\"text\":\"108.1\"},{\"bbox\":[302.0,268.3,307.1,281.5],\"text\":\"$\"},{\"bbox\":[267.2,281.8,286.6,295.2],\"text\":\"(4.3)\"},{\"bbox\":[267.0,295.8,294.7,309.3],\"text\":\"(4.1)%\"}],\"order\":11,\"text\":\"108.1\\n$\\n(4.3)\\n(4.1)%\"},{\"bbox\":[329.7,268.6,373.1,310.3],\"lines\":[{\"bbox\":[330.1,268.6,352.8,282.1],\"text\":\"122.4\"},{\"bbox\":[367.9,269.1,373.1,282.3],\"text\":\"$\"},{\"bbox\":[334.9,282.7,352.6,296.1],\"text\":\"15.0\"},{\"bbox\":[334.7,296.7,360.7,310.2],\"text\":\"12.4%\"}],\"order\":12,\"text\":\"122.4\\n$\\n15.0\\n12.4%\"},{\"bbox\":[388.1,257.7,404.3,268.6],\"lines\":[{\"bbox\":[388.1,257.7,404.3,268.6],\"text\":\"2014\"}],\"order\":13,\"text\":\"2014\"},{\"bbox\":[454.1,258.6,470.3,269.5],\"lines\":[{\"bbox\":[454.1,258.6,470.3,269.5],\"text\":\"2016\"}],\"order\":14,\"text\":\"2016\"},{\"bbox\":[392.3,269.5,427.1,311.0],\"lines\":[{\"bbox\":[392.7,269.5,415.4,282.9],\"text\":\"126.7\"},{\"bbox\":[399.2,283.5,418.6,296.9],\"text\":\"(2.7)\"},{\"bbox\":[399.0,297.5,426.7,311.0],\"text\":\"(2.1)%\"}],\"order\":15,\"text\":\"126.7\\n(2.7)\\n(2.1)%\"},{\"bbox\":[455.2,270.3,493.1,297.9],\"lines\":[{\"bbox\":[460.4,270.3,493.1,283.9],\"text\":\"(11.7)%\"},{\"bbox\":[455.2,284.3,492.9,297.9],\"text\":\"(129.1)%\"}],\"order\":16,\"text\":\"(11.7)%\\n(129.1)%\"},{\"bbox\":[520.1,259.5,536.3,270.4],\"lines\":[{\"bbox\":[520.1,259.5,536.3,270.4],\"text\":\"2015\"}],\"order\":17,\"text\":\"2015\"},{\"bbox\":[531.2,271.3,559.1,298.8],\"lines\":[{\"bbox\":[531.4,271.3,559.1,284.8],\"text\":\"(3.5)%\"},{\"bbox\":[541.7,285.4,546.9,298.6],\"text\":\"*\"}],\"order\":18,\"text\":\"(3.5)%\\n*\"},{\"bbox\":[46.4,313.9,122.5,323.5],\"lines\":[{\"bbox\":[46.4,313.9,122.5,323.5],\"text\":\"* Calculation not meaningful\"}],\"order\":19,\"text\":\"* Calculation not meaningful\"},{\"bbox\":[45.6,329.0,558.3,385.8],\"lines\":[{\"bbox\":[70.1,329.3,558.3,349.9],\"text\":\"VF Outlet ® stores in the U.S. sell both VF and non-VF products. Revenues and profits of VF products sold in these stores\"},{\"bbox\":[46.0,342.0,558.1,361.9],\"text\":\"are reported as part of the operating results of the applicable coalition, while revenues and profits of non-VF products are reported\"},{\"bbox\":[45.8,354.0,558.0,373.8],\"text\":\"in this “other” category. The decrease in profit and operating margin in 2016 was primarily due to a $16.6 million gain recognized\"},{\"bbox\":[45.6,364.9,440.2,384.3],\"text\":\"on the sale of a VF Outlet ® location during 2015 and restructuring charges of $1.3 million in 2016.\"}],\"order\":20,\"text\":\"VF Outlet ® stores in the U.S. sell both VF and non-VF products. Revenues and profits of VF products sold in these stores\\nare reported as part of the operating results of the applicable coalition, while revenues and profits of non-VF products are reported\\nin this “other” category. The decrease in profit and operating margin in 2016 was primarily due to a $16.6 million gain recognized\\non the sale of a VF Outlet ® location during 2015 and restructuring charges of $1.3 million in 2016.\"},{\"bbox\":[45.3,391.8,381.4,409.5],\"lines\":[{\"bbox\":[45.3,391.8,381.4,409.5],\"text\":\"Reconciliation of Coalition Profit to Consolidated Income Before Income Taxes\"}],\"order\":21,\"text\":\"Reconciliation of Coalition Profit to Consolidated Income Before Income Taxes\"},{\"bbox\":[44.1,409.0,557.2,500.8],\"lines\":[{\"bbox\":[69.1,409.3,557.2,428.8],\"text\":\"There are three types of costs necessary to reconcile total coalition profit to consolidated income before income taxes. These\"},{\"bbox\":[44.9,420.9,557.1,440.8],\"text\":\"costs are (i) impairment of goodwill and intangible assets, which is excluded from coalition profit because these costs are not part\"},{\"bbox\":[44.8,432.9,556.9,452.8],\"text\":\"of the ongoing operations of the respective businesses, (ii) interest expense, net, which is excluded from coalition profit because\"},{\"bbox\":[44.6,444.9,556.7,464.8],\"text\":\"substantially all financing costs are managed at the corporate office and are not under the control of coalition management, and\"},{\"bbox\":[44.4,456.9,556.6,476.8],\"text\":\"(iii) corporate and other expenses, discussed below, which are excluded from coalition profit to the extent they are not allocated\"},{\"bbox\":[44.3,468.9,556.4,488.8],\"text\":\"to the coalitions. Impairment of goodwill and intangible assets and net interest expense are discussed in the “Consolidated\"},{\"bbox\":[44.1,480.9,389.3,498.6],\"text\":\"Statements of Income” section, and corporate and other expenses are discussed below.\"}],\"order\":22,\"text\":\"There are three types of costs necessary to reconcile total coalition profit to consolidated income before income taxes. These\\ncosts are (i) impairment of goodwill and intangible assets, which is excluded from coalition profit because these costs are not part\\nof the ongoing operations of the respective businesses, (ii) interest expense, net, which is excluded from coalition profit because\\nsubstantially all financing costs are managed at the corporate office and are not under the control of coalition management, and\\n(iii) corporate and other expenses, discussed below, which are excluded from coalition profit to the extent they are not allocated\\nto the coalitions. Impairment of goodwill and intangible assets and net interest expense are discussed in the “Consolidated\\nStatements of Income” section, and corporate and other expenses are discussed below.\"},{\"bbox\":[67.8,502.3,319.2,518.7],\"lines\":[{\"bbox\":[67.8,502.3,319.2,518.7],\"text\":\"Following is a summary of VF’s corporate and other expenses:\"}],\"order\":23,\"text\":\"Following is a summary of VF’s corporate and other expenses:\"},{\"bbox\":[46.5,533.1,83.3,544.2],\"lines\":[{\"bbox\":[46.5,533.1,83.3,544.2],\"text\":\"In millions\"}],\"order\":24,\"text\":\"In millions\"},{\"bbox\":[358.4,537.2,374.6,548.1],\"lines\":[{\"bbox\":[358.4,537.2,374.6,548.1],\"text\":\"2016\"}],\"order\":25,\"text\":\"2016\"},{\"bbox\":[45.4,544.7,293.3,631.1],\"lines\":[{\"bbox\":[46.3,544.7,208.6,560.0],\"text\":\"Information systems and shared services\"},{\"bbox\":[46.1,558.7,177.4,573.6],\"text\":\"Less costs allocated to coalitions\"},{\"bbox\":[45.9,572.7,292.9,589.1],\"text\":\"Information systems and shared services retained at corporate\"},{\"bbox\":[45.7,586.7,165.3,601.4],\"text\":\"Corporate headquarters’ costs\"},{\"bbox\":[45.5,600.7,68.5,614.1],\"text\":\"Other\"},{\"bbox\":[45.4,614.7,164.1,629.4],\"text\":\"Corporate and other expenses\"}],\"order\":26,\"text\":\"Information systems and shared services\\nLess costs allocated to coalitions\\nInformation systems and shared services retained at corporate\\nCorporate headquarters’ costs\\nOther\\nCorporate and other expenses\"},{\"bbox\":[333.3,548.5,338.4,561.7],\"lines\":[{\"bbox\":[333.3,548.5,338.4,561.7],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[332.3,618.5,337.5,631.7],\"lines\":[{\"bbox\":[332.3,618.5,337.5,631.7],\"text\":\"$\"}],\"order\":28,\"text\":\"$\"},{\"bbox\":[372.1,549.0,414.4,632.7],\"lines\":[{\"bbox\":[376.4,549.1,414.4,562.7],\"text\":\"333.0 $\"},{\"bbox\":[372.9,563.0,402.2,576.5],\"text\":\"(249.0)\"},{\"bbox\":[381.0,577.1,398.7,590.5],\"text\":\"84.0\"},{\"bbox\":[375.9,591.1,398.5,604.5],\"text\":\"169.1\"},{\"bbox\":[380.7,605.1,398.3,618.5],\"text\":\"96.2\"},{\"bbox\":[375.5,619.1,413.5,632.7],\"text\":\"349.3 $\"}],\"order\":29,\"text\":\"333.0 $\\n(249.0)\\n84.0\\n169.1\\n96.2\\n349.3 $\"},{\"bbox\":[434.4,538.2,450.6,549.1],\"lines\":[{\"bbox\":[434.4,538.2,450.6,549.1],\"text\":\"2015\"}],\"order\":30,\"text\":\"2015\"},{\"bbox\":[448.1,550.0,490.4,633.7],\"lines\":[{\"bbox\":[452.4,550.1,490.4,563.7],\"text\":\"307.6 $\"},{\"bbox\":[448.9,564.0,478.2,577.5],\"text\":\"(224.8)\"},{\"bbox\":[457.0,578.1,474.7,591.5],\"text\":\"82.8\"},{\"bbox\":[451.8,592.1,474.5,605.5],\"text\":\"138.1\"},{\"bbox\":[456.7,606.1,474.3,619.5],\"text\":\"44.3\"},{\"bbox\":[451.5,620.1,489.5,633.7],\"text\":\"265.2 $\"}],\"order\":31,\"text\":\"307.6 $\\n(224.8)\\n82.8\\n138.1\\n44.3\\n265.2 $\"},{\"bbox\":[510.9,539.2,527.1,550.1],\"lines\":[{\"bbox\":[510.9,539.2,527.1,550.1],\"text\":\"2014\"}],\"order\":32,\"text\":\"2014\"},{\"bbox\":[525.1,551.0,555.4,634.6],\"lines\":[{\"bbox\":[529.4,551.1,552.1,564.5],\"text\":\"290.9\"},{\"bbox\":[525.9,565.0,555.2,578.5],\"text\":\"(211.2)\"},{\"bbox\":[534.0,579.1,551.7,592.5],\"text\":\"79.7\"},{\"bbox\":[528.8,593.1,551.5,606.5],\"text\":\"146.9\"},{\"bbox\":[533.7,607.1,551.3,620.5],\"text\":\"61.3\"},{\"bbox\":[528.5,621.1,551.1,634.5],\"text\":\"287.9\"}],\"order\":33,\"text\":\"290.9\\n(211.2)\\n79.7\\n146.9\\n61.3\\n287.9\"},{\"bbox\":[42.0,644.6,207.8,660.1],\"lines\":[{\"bbox\":[42.0,644.6,207.8,660.1],\"text\":\"Information Systems and Shared Services\"}],\"order\":34,\"text\":\"Information Systems and Shared Services\"},{\"bbox\":[41.1,661.7,553.9,729.6],\"lines\":[{\"bbox\":[65.7,662.0,553.9,681.6],\"text\":\"These costs include management information systems and the centralized finance, supply chain, human resources, direct-\"},{\"bbox\":[41.6,673.7,553.7,693.6],\"text\":\"to-consumer and customer management functions that support worldwide operations. Operating costs of information systems and\"},{\"bbox\":[41.4,685.7,553.6,705.6],\"text\":\"shared services are charged to the coalitions based on utilization of those services. Costs to develop new computer applications\"},{\"bbox\":[41.3,697.7,553.4,717.6],\"text\":\"are generally not allocated to the coalitions. The increases in information systems and shared services costs in 2016 and 2015\"},{\"bbox\":[41.1,709.7,390.3,727.5],\"text\":\"resulted from the costs associated with software system implementations and upgrades.\"}],\"order\":35,\"text\":\"These costs include management information systems and the centralized finance, supply chain, human resources, direct-\\nto-consumer and customer management functions that support worldwide operations. Operating costs of information systems and\\nshared services are charged to the coalitions based on utilization of those services. Costs to develop new computer applications\\nare generally not allocated to the coalitions. The increases in information systems and shared services costs in 2016 and 2015\\nresulted from the costs associated with software system implementations and upgrades.\"},{\"bbox\":[291.7,745.7,301.8,759.0],\"lines\":[{\"bbox\":[291.7,745.7,301.8,759.0],\"text\":\"30\"}],\"order\":36,\"text\":\"30\"}],\"doc\":\"fintabnet:VFC_2016\",\"dpi\":72,\"image_px\":[603,783],\"layout\":[],\"markdown\":\"Operating margin decreased 560 basis points in 2016 over 2015, primarily due to increased promotional activity, reduced\\nexpense leverage on lower revenues and restructuring charges.\\n\\n2015 compared to 2014\\n\\nCoalition revenues decreased 2% in 2015 over 2014, partially due to the impact of the 53 rd week in 2014. Nautica ® brand\\nrevenues decreased 4% in 2015 due in part to the unseasonably warm weather in the fourth quarter, which reduced consumer\\ndemand for fleece, sweaters and outerwear. Nautica ® brand direct-to-consumer revenues were down 9% in 2015 compared to\\n2014 due to reduced traffic and the exit of less profitable stores. Wholesale revenues for the Nautica ® brand were only down 1%\\nin 2015 despite continuing challenges in the U.S. department store channel. Kipling ® brand revenues in North America increased\\n8%, driven by growth in the direct-to-consumer and wholesale channels.\\n\\nOperating margin increased 40 basis points in 2015 over 2014, primarily driven by a shift in business mix to the higher\\nmargin Kipling ® brand business and lower levels of promotional activity in the wholesale channel for the Nautica ® brand, partially\\noffset by reduced expense leverage on lower sales volume and increased investments in direct-to-consumer businesses.\\n\\nOther\\n\\nPercent\\nChange\\n\\nDollars in millions\\n\\nRevenues\\nProfit (loss)\\nOperating margin\\n\\n2016\\n\\n$\\n\\n2015\\n\\n108.1\\n$\\n(4.3)\\n(4.1)%\\n\\n122.4\\n$\\n15.0\\n12.4%\\n\\n2014\\n\\n2016\\n\\n126.7\\n(2.7)\\n(2.1)%\\n\\n(11.7)%\\n(129.1)%\\n\\n2015\\n\\n(3.5)%\\n*\\n\\n* Calculation not meaningful\\n\\nVF Outlet ® stores in the U.S. sell both VF and non-VF products. Revenues and profits of VF products sold in these stores\\nare reported as part of the operating results of the applicable coalition, while revenues and profits of non-VF products are reported\\nin this “other” category. The decrease in profit and operating margin in 2016 was primarily due to a $16.6 million gain recognized\\non the sale of a VF Outlet ® location during 2015 and restructuring charges of $1.3 million in 2016.\\n\\nReconciliation of Coalition Profit to Consolidated Income Before Income Taxes\\n\\nThere are three types of costs necessary to reconcile total coalition profit to consolidated income before income taxes. These\\ncosts are (i) impairment of goodwill and intangible assets, which is excluded from coalition profit because these costs are not part\\nof the ongoing operations of the respective businesses, (ii) interest expense, net, which is excluded from coalition profit because\\nsubstantially all financing costs are managed at the corporate office and are not under the control of coalition management, and\\n(iii) corporate and other expenses, discussed below, which are excluded from coalition profit to the extent they are not allocated\\nto the coalitions. Impairment of goodwill and intangible assets and net interest expense are discussed in the “Consolidated\\nStatements of Income” section, and corporate and other expenses are discussed below.\\n\\nFollowing is a summary of VF’s corporate and other expenses:\\n\\nIn millions\\n\\n2016\\n\\nInformation systems and shared services\\nLess costs allocated to coalitions\\nInformation systems and shared services retained at corporate\\nCorporate headquarters’ costs\\nOther\\nCorporate and other expenses\\n\\n$\\n\\n$\\n\\n333.0 $\\n(249.0)\\n84.0\\n169.1\\n96.2\\n349.3 $\\n\\n2015\\n\\n307.6 $\\n(224.8)\\n82.8\\n138.1\\n44.3\\n265.2 $\\n\\n2014\\n\\n290.9\\n(211.2)\\n79.7\\n146.9\\n61.3\\n287.9\\n\\nInformation Systems and Shared Services\\n\\nThese costs include management information systems and the centralized finance, supply chain, human resources, direct-\\nto-consumer and customer management functions that support worldwide operations. Operating costs of information systems and\\nshared services are charged to the coalitions based on utilization of those services. Costs to develop new computer applications\\nare generally not allocated to the coalitions. The increases in information systems and shared services costs in 2016 and 2015\\nresulted from the costs associated with software system implementations and upgrades.\\n\\n30\",\"name\":\"fintabnet.VFC_2016_page_48__72dpi_mild\",\"page_id\":\"fintabnet.VFC_2016_page_48\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.756,\"source\":\"fintabnet\",\"source_id\":\"VFC_2016_page_48\",\"stack\":[{\"deg\":-0.756,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.396},{\"op\":\"noise\",\"sigma\":3.084},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[49.6,234.4,559.5,311.9],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15,16,17,18],\"cells\":null}],\"text\":\"Operating margin decreased 560 basis points in 2016 over 2015, primarily due to increased promotional activity, reduced\\nexpense leverage on lower revenues and restructuring charges.\\n\\n2015 compared to 2014\\n\\nCoalition revenues decreased 2% in 2015 over 2014, partially due to the impact of the 53 rd week in 2014. Nautica ® brand\\nrevenues decreased 4% in 2015 due in part to the unseasonably warm weather in the fourth quarter, which reduced consumer\\ndemand for fleece, sweaters and outerwear. Nautica ® brand direct-to-consumer revenues were down 9% in 2015 compared to\\n2014 due to reduced traffic and the exit of less profitable stores. Wholesale revenues for the Nautica ® brand were only down 1%\\nin 2015 despite continuing challenges in the U.S. department store channel. Kipling ® brand revenues in North America increased\\n8%, driven by growth in the direct-to-consumer and wholesale channels.\\n\\nOperating margin increased 40 basis points in 2015 over 2014, primarily driven by a shift in business mix to the higher\\nmargin Kipling ® brand business and lower levels of promotional activity in the wholesale channel for the Nautica ® brand, partially\\noffset by reduced expense leverage on lower sales volume and increased investments in direct-to-consumer businesses.\\n\\nOther\\n\\nPercent\\nChange\\n\\nDollars in millions\\n\\nRevenues\\nProfit (loss)\\nOperating margin\\n\\n2016\\n\\n$\\n\\n2015\\n\\n108.1\\n$\\n(4.3)\\n(4.1)%\\n\\n122.4\\n$\\n15.0\\n12.4%\\n\\n2014\\n\\n2016\\n\\n126.7\\n(2.7)\\n(2.1)%\\n\\n(11.7)%\\n(129.1)%\\n\\n2015\\n\\n(3.5)%\\n*\\n\\n* Calculation not meaningful\\n\\nVF Outlet ® stores in the U.S. sell both VF and non-VF products. Revenues and profits of VF products sold in these stores\\nare reported as part of the operating results of the applicable coalition, while revenues and profits of non-VF products are reported\\nin this “other” category. The decrease in profit and operating margin in 2016 was primarily due to a $16.6 million gain recognized\\non the sale of a VF Outlet ® location during 2015 and restructuring charges of $1.3 million in 2016.\\n\\nReconciliation of Coalition Profit to Consolidated Income Before Income Taxes\\n\\nThere are three types of costs necessary to reconcile total coalition profit to consolidated income before income taxes. These\\ncosts are (i) impairment of goodwill and intangible assets, which is excluded from coalition profit because these costs are not part\\nof the ongoing operations of the respective businesses, (ii) interest expense, net, which is excluded from coalition profit because\\nsubstantially all financing costs are managed at the corporate office and are not under the control of coalition management, and\\n(iii) corporate and other expenses, discussed below, which are excluded from coalition profit to the extent they are not allocated\\nto the coalitions. Impairment of goodwill and intangible assets and net interest expense are discussed in the “Consolidated\\nStatements of Income” section, and corporate and other expenses are discussed below.\\n\\nFollowing is a summary of VF’s corporate and other expenses:\\n\\nIn millions\\n\\n2016\\n\\nInformation systems and shared services\\nLess costs allocated to coalitions\\nInformation systems and shared services retained at corporate\\nCorporate headquarters’ costs\\nOther\\nCorporate and other expenses\\n\\n$\\n\\n$\\n\\n333.0 $\\n(249.0)\\n84.0\\n169.1\\n96.2\\n349.3 $\\n\\n2015\\n\\n307.6 $\\n(224.8)\\n82.8\\n138.1\\n44.3\\n265.2 $\\n\\n2014\\n\\n290.9\\n(211.2)\\n79.7\\n146.9\\n61.3\\n287.9\\n\\nInformation Systems and Shared Services\\n\\nThese costs include management information systems and the centralized finance, supply chain, human resources, direct-\\nto-consumer and customer management functions that support worldwide operations. Operating costs of information systems and\\nshared services are charged to the coalitions based on utilization of those services. Costs to develop new computer applications\\nare generally not allocated to the coalitions. The increases in information systems and shared services costs in 2016 and 2015\\nresulted from the costs associated with software system implementations and upgrades.\\n\\n30\"},\"name\":\"fintabnet.VFC_2016_page_48__72dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":251416,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:VFC_2016\",\"dpi\":72,\"gt_sha256\":\"ad45dd70ac2ad7ff1a471d5cdf4e02b99a92c5f005c66f6ae7fbb09fb9ec8504\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.VFC_2016_page_48__72dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.VFC_2016_page_48\",\"pdf_sha256\":\"37d3e74f691e00d5424b4bd46f2a9d8b77b25f26a55391a25137719e026e71cf\",\"px\":[603,783],\"scan\":{\"render\":\"000031007ffe7f9a000061ae20007ffe7fe07ffe01007c7e707e3c007ffe0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"VFC_2016_page_48\",\"src\":{\"file_sha256\":\"de5e5048684fb0452491535fddeb294dd891716d80563e2cb231ff8be0d333a4\",\"render\":\"000030007ffe3f80000061ee21007ff07ff07ffe00007c7e707e3c007ffc0000\",\"text\":\"a9760c80178ec3e0c208d730a2c956f33138c981f7cac818f3986f61c5327516\"},\"stack\":[{\"deg\":-0.756,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.396},{\"op\":\"noise\",\"sigma\":3.084},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"37d3e74f691e00d5424b4bd46f2a9d8b77b25f26a55391a25137719e026e71cf\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/37d3e74f691e00d5424b4bd46f2a9d8b77b25f26a55391a25137719e026e71cf.pdf","asset_sha256":"37d3e74f691e00d5424b4bd46f2a9d8b77b25f26a55391a25137719e026e71cf","document_id":"fintabnet:VFC_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"VFC_2016_page_48\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"V_2010_page_61\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:V_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[62.4,71.1,137.0,81.9],\"lines\":[{\"bbox\":[62.4,71.1,137.0,81.9],\"text\":\"Cash Flow Data\"}],\"order\":0,\"text\":\"Cash Flow Data\"},{\"bbox\":[82.7,83.8,389.1,99.4],\"lines\":[{\"bbox\":[82.7,83.8,389.1,99.4],\"text\":\"This table summarizes cash flow activity for the following fiscal years:\"}],\"order\":1,\"text\":\"This table summarizes cash flow activity for the following fiscal years:\"},{\"bbox\":[378.8,105.1,396.8,112.9],\"lines\":[{\"bbox\":[378.8,105.1,396.8,112.9],\"text\":\"2010\"}],\"order\":2,\"text\":\"2010\"},{\"bbox\":[83.7,128.5,357.7,203.4],\"lines\":[{\"bbox\":[83.7,131.2,228.9,143.4],\"text\":\"Total cash provided by (used in):\"},{\"bbox\":[103.9,140.5,356.7,155.0],\"text\":\"Operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[104.2,152.5,356.9,167.0],\"text\":\"Investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[104.4,164.5,357.2,179.0],\"text\":\"Financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[84.7,177.5,309.4,191.4],\"text\":\"Effect of exchange rate changes on cash and cash\"},{\"bbox\":[94.9,188.5,357.7,203.2],\"text\":\"equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":3,\"text\":\"Total cash provided by (used in):\\nOperating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInvesting activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFinancing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEffect of exchange rate changes on cash and cash\\nequivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[85.3,204.5,358.0,219.4],\"lines\":[{\"bbox\":[85.3,204.5,358.0,219.4],\"text\":\"(Decrease) increase in cash and cash equivalents . . . . . . . . .\"}],\"order\":4,\"text\":\"(Decrease) increase in cash and cash equivalents . . . . . . . . .\"},{\"bbox\":[412.6,103.8,457.8,124.2],\"lines\":[{\"bbox\":[427.7,104.1,445.7,111.9],\"text\":\"2009\"},{\"bbox\":[412.8,115.8,457.8,124.2],\"text\":\"(in millions)\"}],\"order\":5,\"text\":\"2009\\n(in millions)\"},{\"bbox\":[371.5,139.4,409.4,173.4],\"lines\":[{\"bbox\":[371.5,139.5,405.6,149.4],\"text\":\"$ 2,691\"},{\"bbox\":[377.3,151.4,409.2,161.3],\"text\":\"(1,904)\"},{\"bbox\":[377.6,163.4,409.4,173.3],\"text\":\"(1,542)\"}],\"order\":6,\"text\":\"$ 2,691\\n(1,904)\\n(1,542)\"},{\"bbox\":[420.4,139.1,426.1,148.4],\"lines\":[{\"bbox\":[420.4,139.1,426.1,148.4],\"text\":\"$\"}],\"order\":7,\"text\":\"$\"},{\"bbox\":[474.9,103.1,492.9,110.9],\"lines\":[{\"bbox\":[474.9,103.1,492.9,110.9],\"text\":\"2008\"}],\"order\":8,\"text\":\"2008\"},{\"bbox\":[425.9,138.4,458.3,172.3],\"lines\":[{\"bbox\":[437.6,138.5,454.5,148.0],\"text\":\"558\"},{\"bbox\":[429.5,150.5,454.8,160.2],\"text\":\"1,830\"},{\"bbox\":[426.4,162.4,458.3,172.3],\"text\":\"(2,751)\"}],\"order\":9,\"text\":\"558\\n1,830\\n(2,751)\"},{\"bbox\":[469.3,137.5,500.6,171.4],\"lines\":[{\"bbox\":[469.3,137.5,500.1,147.4],\"text\":\"$ 531\"},{\"bbox\":[483.4,149.5,500.3,159.1],\"text\":\"554\"},{\"bbox\":[475.3,161.5,500.5,171.2],\"text\":\"3,624\"}],\"order\":10,\"text\":\"$ 531\\n554\\n3,624\"},{\"bbox\":[400.9,187.5,406.6,196.8],\"lines\":[{\"bbox\":[400.9,187.5,406.6,196.8],\"text\":\"5\"}],\"order\":11,\"text\":\"5\"},{\"bbox\":[449.7,186.5,455.5,195.8],\"lines\":[{\"bbox\":[449.7,186.5,455.5,195.8],\"text\":\"1\"}],\"order\":12,\"text\":\"1\"},{\"bbox\":[491.9,185.4,504.3,194.9],\"lines\":[{\"bbox\":[491.9,185.4,504.3,194.9],\"text\":\"(5)\"}],\"order\":13,\"text\":\"(5)\"},{\"bbox\":[372.8,203.4,410.3,213.4],\"lines\":[{\"bbox\":[372.8,203.4,410.3,213.4],\"text\":\"$ (750)\"}],\"order\":14,\"text\":\"$ (750)\"},{\"bbox\":[421.7,202.4,459.2,212.4],\"lines\":[{\"bbox\":[421.7,202.4,459.2,212.4],\"text\":\"$ (362)\"}],\"order\":15,\"text\":\"$ (362)\"},{\"bbox\":[470.6,201.5,501.4,211.3],\"lines\":[{\"bbox\":[470.6,201.5,501.4,211.3],\"text\":\"$4,704\"}],\"order\":16,\"text\":\"$4,704\"},{\"bbox\":[65.9,231.1,523.3,321.8],\"lines\":[{\"bbox\":[85.9,231.6,497.2,249.4],\"text\":\"Operating activities. Cash provided by operating activities for fiscal 2010 primarily reflects net\"},{\"bbox\":[66.1,243.5,500.8,261.8],\"text\":\"income including non-controlling interest of $3.0 billion and adjustments for non-cash items of $2.1\"},{\"bbox\":[66.4,255.8,490.0,273.8],\"text\":\"billion, offset by payments for volume and support incentives and litigation settlements, primarily\"},{\"bbox\":[66.6,267.5,502.2,285.8],\"text\":\"including $682 million prepayment of our Retailers’ litigation obligation, as further discussed below.\"},{\"bbox\":[66.9,279.4,508.2,297.8],\"text\":\"Total cash provided by operating activities was higher during fiscal 2010 compared to the prior year,\"},{\"bbox\":[67.1,291.1,523.0,309.8],\"text\":\"primarily reflecting higher year-to-date net income and lower litigation settlement payments. We believe\"},{\"bbox\":[67.4,303.2,516.5,321.8],\"text\":\"that cash flow generated from operating activities will sufficiently meet our ongoing operational needs.\"}],\"order\":17,\"text\":\"Operating activities. Cash provided by operating activities for fiscal 2010 primarily reflects net\\nincome including non-controlling interest of $3.0 billion and adjustments for non-cash items of $2.1\\nbillion, offset by payments for volume and support incentives and litigation settlements, primarily\\nincluding $682 million prepayment of our Retailers’ litigation obligation, as further discussed below.\\nTotal cash provided by operating activities was higher during fiscal 2010 compared to the prior year,\\nprimarily reflecting higher year-to-date net income and lower litigation settlement payments. We believe\\nthat cash flow generated from operating activities will sufficiently meet our ongoing operational needs.\"},{\"bbox\":[67.9,327.3,513.9,405.8],\"lines\":[{\"bbox\":[87.9,328.3,466.5,345.4],\"text\":\"Cash provided by operating activities for fiscal 2009 consisted of net income including\"},{\"bbox\":[68.1,339.6,500.1,357.8],\"text\":\"non-controlling interest of $2.4 billion and adjustments for non-cash items of $1.5 billion. Standard\"},{\"bbox\":[68.4,351.4,507.0,369.8],\"text\":\"non-cash adjustments for volume and support incentive accruals and depreciation and amortization\"},{\"bbox\":[68.6,363.3,513.4,381.8],\"text\":\"were offset by a $473 million pre-tax gain on the sale of our investment in VisaNet do Brasil, which is\"},{\"bbox\":[68.9,375.5,503.0,393.8],\"text\":\"reflected in investing activities. Cash from operating activities also reflects the use of $3.3 billion to\"},{\"bbox\":[69.2,388.0,478.7,405.8],\"text\":\"fund significant operational payments, including litigation and volume and support incentives.\"}],\"order\":18,\"text\":\"Cash provided by operating activities for fiscal 2009 consisted of net income including\\nnon-controlling interest of $2.4 billion and adjustments for non-cash items of $1.5 billion. Standard\\nnon-cash adjustments for volume and support incentive accruals and depreciation and amortization\\nwere offset by a $473 million pre-tax gain on the sale of our investment in VisaNet do Brasil, which is\\nreflected in investing activities. Cash from operating activities also reflects the use of $3.3 billion to\\nfund significant operational payments, including litigation and volume and support incentives.\"},{\"bbox\":[69.7,411.3,516.0,477.8],\"lines\":[{\"bbox\":[89.6,412.2,468.2,429.4],\"text\":\"Cash provided by operating activities for fiscal 2008 consisted of net income including\"},{\"bbox\":[69.9,423.8,490.1,441.8],\"text\":\"non-controlling interest of $804 million and adjustments for non-cash items of $3.1 billion. Cash\"},{\"bbox\":[70.2,435.4,508.7,453.8],\"text\":\"provided by operating activities was lower than income provided by operations, reflecting the use of\"},{\"bbox\":[70.4,447.3,515.8,465.8],\"text\":\"cash to satisfy litigation settlement payments and volume and support incentive payments net of new\"},{\"bbox\":[70.7,467.7,110.8,477.8],\"text\":\"accruals.\"}],\"order\":19,\"text\":\"Cash provided by operating activities for fiscal 2008 consisted of net income including\\nnon-controlling interest of $804 million and adjustments for non-cash items of $3.1 billion. Cash\\nprovided by operating activities was lower than income provided by operations, reflecting the use of\\ncash to satisfy litigation settlement payments and volume and support incentive payments net of new\\naccruals.\"},{\"bbox\":[71.2,483.1,523.5,573.7],\"lines\":[{\"bbox\":[91.2,483.7,493.0,501.3],\"text\":\"Investing activities. Cash used in investing activities during fiscal 2010 primarily reflects the\"},{\"bbox\":[71.4,495.7,494.4,513.8],\"text\":\"acquisition of CyberSource in July 2010 for $1.8 billion, net of cash received. The use of cash in\"},{\"bbox\":[71.7,507.1,522.5,525.8],\"text\":\"investing activities was partially offset by net cash proceeds of $56 million from sales and maturities of\"},{\"bbox\":[71.9,519.6,500.5,537.8],\"text\":\"investment securities compared to $290 million in the prior year, both of which were reinvested in\"},{\"bbox\":[72.2,531.5,503.0,549.8],\"text\":\"money market funds. We also received $89 million in cash distributions from the Reserve Primary\"},{\"bbox\":[72.4,543.1,522.3,561.7],\"text\":\"Fund, or the Fund, in the current year compared to $884 million of distributions in the prior year as the\"},{\"bbox\":[72.7,563.1,144.0,573.7],\"text\":\"Fund liquidated.\"}],\"order\":20,\"text\":\"Investing activities. Cash used in investing activities during fiscal 2010 primarily reflects the\\nacquisition of CyberSource in July 2010 for $1.8 billion, net of cash received. The use of cash in\\ninvesting activities was partially offset by net cash proceeds of $56 million from sales and maturities of\\ninvestment securities compared to $290 million in the prior year, both of which were reinvested in\\nmoney market funds. We also received $89 million in cash distributions from the Reserve Primary\\nFund, or the Fund, in the current year compared to $884 million of distributions in the prior year as the\\nFund liquidated.\"},{\"bbox\":[73.2,579.1,527.3,645.7],\"lines\":[{\"bbox\":[93.2,579.6,502.8,597.3],\"text\":\"Cash provided by investing activities for fiscal 2009 primarily reflects the $884 million of cash\"},{\"bbox\":[73.4,592.0,483.8,609.7],\"text\":\"distribution from the Fund, net cash proceeds of $290 million from the sales and maturities of\"},{\"bbox\":[73.7,603.3,513.9,621.7],\"text\":\"investment securities and $1.0 billion from the sale of our 10% ownership in VisaNet do Brasil, all of\"},{\"bbox\":[73.9,615.1,527.0,633.7],\"text\":\"which were reinvested in money market funds. We also purchased $306 million of property, equipment\"},{\"bbox\":[74.2,629.4,416.2,645.7],\"text\":\"and technology primarily related to construction of our east coast data center.\"}],\"order\":21,\"text\":\"Cash provided by investing activities for fiscal 2009 primarily reflects the $884 million of cash\\ndistribution from the Fund, net cash proceeds of $290 million from the sales and maturities of\\ninvestment securities and $1.0 billion from the sale of our 10% ownership in VisaNet do Brasil, all of\\nwhich were reinvested in money market funds. We also purchased $306 million of property, equipment\\nand technology primarily related to construction of our east coast data center.\"},{\"bbox\":[74.7,651.2,519.8,693.7],\"lines\":[{\"bbox\":[94.7,651.2,519.3,669.3],\"text\":\"Cash provided by investing activities for fiscal 2008 reflects $1.0 billion of cash acquired through\"},{\"bbox\":[74.9,663.6,503.1,681.7],\"text\":\"the reorganization, $949 million of net cash proceeds from the sales and maturities of investment\"},{\"bbox\":[75.2,675.9,487.7,693.7],\"text\":\"securities that were re-invested in shorter-term cash equivalents and $415 million of property,\"}],\"order\":22,\"text\":\"Cash provided by investing activities for fiscal 2008 reflects $1.0 billion of cash acquired through\\nthe reorganization, $949 million of net cash proceeds from the sales and maturities of investment\\nsecurities that were re-invested in shorter-term cash equivalents and $415 million of property,\"},{\"bbox\":[298.1,703.6,309.4,713.1],\"lines\":[{\"bbox\":[298.1,703.6,309.4,713.1],\"text\":\"51\"}],\"order\":23,\"text\":\"51\"}],\"doc\":\"fintabnet:V_2010\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"Cash Flow Data\\n\\nThis table summarizes cash flow activity for the following fiscal years:\\n\\n2010\\n\\nTotal cash provided by (used in):\\nOperating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInvesting activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFinancing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEffect of exchange rate changes on cash and cash\\nequivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(Decrease) increase in cash and cash equivalents . . . . . . . . .\\n\\n2009\\n(in millions)\\n\\n$ 2,691\\n(1,904)\\n(1,542)\\n\\n$\\n\\n2008\\n\\n558\\n1,830\\n(2,751)\\n\\n$ 531\\n554\\n3,624\\n\\n5\\n\\n1\\n\\n(5)\\n\\n$ (750)\\n\\n$ (362)\\n\\n$4,704\\n\\nOperating activities. Cash provided by operating activities for fiscal 2010 primarily reflects net\\nincome including non-controlling interest of $3.0 billion and adjustments for non-cash items of $2.1\\nbillion, offset by payments for volume and support incentives and litigation settlements, primarily\\nincluding $682 million prepayment of our Retailers’ litigation obligation, as further discussed below.\\nTotal cash provided by operating activities was higher during fiscal 2010 compared to the prior year,\\nprimarily reflecting higher year-to-date net income and lower litigation settlement payments. We believe\\nthat cash flow generated from operating activities will sufficiently meet our ongoing operational needs.\\n\\nCash provided by operating activities for fiscal 2009 consisted of net income including\\nnon-controlling interest of $2.4 billion and adjustments for non-cash items of $1.5 billion. Standard\\nnon-cash adjustments for volume and support incentive accruals and depreciation and amortization\\nwere offset by a $473 million pre-tax gain on the sale of our investment in VisaNet do Brasil, which is\\nreflected in investing activities. Cash from operating activities also reflects the use of $3.3 billion to\\nfund significant operational payments, including litigation and volume and support incentives.\\n\\nCash provided by operating activities for fiscal 2008 consisted of net income including\\nnon-controlling interest of $804 million and adjustments for non-cash items of $3.1 billion. Cash\\nprovided by operating activities was lower than income provided by operations, reflecting the use of\\ncash to satisfy litigation settlement payments and volume and support incentive payments net of new\\naccruals.\\n\\nInvesting activities. Cash used in investing activities during fiscal 2010 primarily reflects the\\nacquisition of CyberSource in July 2010 for $1.8 billion, net of cash received. The use of cash in\\ninvesting activities was partially offset by net cash proceeds of $56 million from sales and maturities of\\ninvestment securities compared to $290 million in the prior year, both of which were reinvested in\\nmoney market funds. We also received $89 million in cash distributions from the Reserve Primary\\nFund, or the Fund, in the current year compared to $884 million of distributions in the prior year as the\\nFund liquidated.\\n\\nCash provided by investing activities for fiscal 2009 primarily reflects the $884 million of cash\\ndistribution from the Fund, net cash proceeds of $290 million from the sales and maturities of\\ninvestment securities and $1.0 billion from the sale of our 10% ownership in VisaNet do Brasil, all of\\nwhich were reinvested in money market funds. We also purchased $306 million of property, equipment\\nand technology primarily related to construction of our east coast data center.\\n\\nCash provided by investing activities for fiscal 2008 reflects $1.0 billion of cash acquired through\\nthe reorganization, $949 million of net cash proceeds from the sales and maturities of investment\\nsecurities that were re-invested in shorter-term cash equivalents and $415 million of property,\\n\\n51\",\"name\":\"fintabnet.V_2010_page_61__72dpi_medium\",\"page_id\":\"fintabnet.V_2010_page_61\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":1.198,\"source\":\"fintabnet\",\"source_id\":\"V_2010_page_61\",\"stack\":[{\"deg\":1.198,\"op\":\"skew\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":2.778,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":8.112},{\"gain\":0.677,\"op\":\"contrast\"},{\"bias\":0.059,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":34}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[83.2,101.1,504.7,219.5],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16],\"cells\":null}],\"text\":\"Cash Flow Data\\n\\nThis table summarizes cash flow activity for the following fiscal years:\\n\\n2010\\n\\nTotal cash provided by (used in):\\nOperating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInvesting activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nFinancing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nEffect of exchange rate changes on cash and cash\\nequivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(Decrease) increase in cash and cash equivalents . . . . . . . . .\\n\\n2009\\n(in millions)\\n\\n$ 2,691\\n(1,904)\\n(1,542)\\n\\n$\\n\\n2008\\n\\n558\\n1,830\\n(2,751)\\n\\n$ 531\\n554\\n3,624\\n\\n5\\n\\n1\\n\\n(5)\\n\\n$ (750)\\n\\n$ (362)\\n\\n$4,704\\n\\nOperating activities. Cash provided by operating activities for fiscal 2010 primarily reflects net\\nincome including non-controlling interest of $3.0 billion and adjustments for non-cash items of $2.1\\nbillion, offset by payments for volume and support incentives and litigation settlements, primarily\\nincluding $682 million prepayment of our Retailers’ litigation obligation, as further discussed below.\\nTotal cash provided by operating activities was higher during fiscal 2010 compared to the prior year,\\nprimarily reflecting higher year-to-date net income and lower litigation settlement payments. We believe\\nthat cash flow generated from operating activities will sufficiently meet our ongoing operational needs.\\n\\nCash provided by operating activities for fiscal 2009 consisted of net income including\\nnon-controlling interest of $2.4 billion and adjustments for non-cash items of $1.5 billion. Standard\\nnon-cash adjustments for volume and support incentive accruals and depreciation and amortization\\nwere offset by a $473 million pre-tax gain on the sale of our investment in VisaNet do Brasil, which is\\nreflected in investing activities. Cash from operating activities also reflects the use of $3.3 billion to\\nfund significant operational payments, including litigation and volume and support incentives.\\n\\nCash provided by operating activities for fiscal 2008 consisted of net income including\\nnon-controlling interest of $804 million and adjustments for non-cash items of $3.1 billion. Cash\\nprovided by operating activities was lower than income provided by operations, reflecting the use of\\ncash to satisfy litigation settlement payments and volume and support incentive payments net of new\\naccruals.\\n\\nInvesting activities. Cash used in investing activities during fiscal 2010 primarily reflects the\\nacquisition of CyberSource in July 2010 for $1.8 billion, net of cash received. The use of cash in\\ninvesting activities was partially offset by net cash proceeds of $56 million from sales and maturities of\\ninvestment securities compared to $290 million in the prior year, both of which were reinvested in\\nmoney market funds. We also received $89 million in cash distributions from the Reserve Primary\\nFund, or the Fund, in the current year compared to $884 million of distributions in the prior year as the\\nFund liquidated.\\n\\nCash provided by investing activities for fiscal 2009 primarily reflects the $884 million of cash\\ndistribution from the Fund, net cash proceeds of $290 million from the sales and maturities of\\ninvestment securities and $1.0 billion from the sale of our 10% ownership in VisaNet do Brasil, all of\\nwhich were reinvested in money market funds. We also purchased $306 million of property, equipment\\nand technology primarily related to construction of our east coast data center.\\n\\nCash provided by investing activities for fiscal 2008 reflects $1.0 billion of cash acquired through\\nthe reorganization, $949 million of net cash proceeds from the sales and maturities of investment\\nsecurities that were re-invested in shorter-term cash equivalents and $415 million of property,\\n\\n51\"},\"name\":\"fintabnet.V_2010_page_61__72dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":17566,\"codec\":\"flate1\",\"copy\":0,\"doc\":\"fintabnet:V_2010\",\"dpi\":72,\"gt_sha256\":\"69cf2fb33c28a8100576bb1282b819e4024a9fbab86f7a5f62a351dac24d2859\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.V_2010_page_61__72dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.V_2010_page_61\",\"pdf_sha256\":\"5eb559d2437b1f50fcc26a5a83982eba91acd1ab07179efefc29bbff558e8994\",\"px\":[594,774],\"scan\":{\"render\":\"0000300000101c2011383ffc3ffc3ffc3ff83ff83ffc3ff83ffc3ff820000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"V_2010_page_61\",\"src\":{\"file_sha256\":\"1f1177745341e23607556a36e76eac1da5219c88a9e005bc59173205991006fe\",\"render\":\"0000300000301c201f3c3ffc3ffc3ffc3ff83ff83ffc37f83ffc3ff800000000\",\"text\":\"56fedc6c2714d0a23fe076438a3504454f284a051c15d4d0656be467a978286f\"},\"stack\":[{\"deg\":1.198,\"op\":\"skew\"},{\"angle\":135.0,\"kind\":\"motion\",\"length\":2.778,\"op\":\"blur\"},{\"op\":\"noise\",\"sigma\":8.112},{\"gain\":0.677,\"op\":\"contrast\"},{\"bias\":0.059,\"method\":\"adaptive\",\"op\":\"binarise\",\"window\":34}],\"tools\":\"21647cade0ee\"},\"sha256\":\"5eb559d2437b1f50fcc26a5a83982eba91acd1ab07179efefc29bbff558e8994\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/5eb559d2437b1f50fcc26a5a83982eba91acd1ab07179efefc29bbff558e8994.pdf","asset_sha256":"5eb559d2437b1f50fcc26a5a83982eba91acd1ab07179efefc29bbff558e8994","document_id":"fintabnet:V_2010","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"V_2010_page_61\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"V_2010_page_77\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:V_2010\",\"ground_truth\":{\"blocks\":[{\"bbox\":[273.9,67.8,320.1,77.1],\"lines\":[{\"bbox\":[273.9,67.8,320.1,77.1],\"text\":\"VISA INC.\"}],\"order\":0,\"text\":\"VISA INC.\"},{\"bbox\":[209.9,85.8,384.2,95.1],\"lines\":[{\"bbox\":[209.9,85.8,384.2,95.1],\"text\":\"CONSOLIDATED BALANCE SHEETS\"}],\"order\":1,\"text\":\"CONSOLIDATED BALANCE SHEETS\"},{\"bbox\":[394.6,107.3,525.1,134.7],\"lines\":[{\"bbox\":[397.4,107.3,452.0,114.7],\"text\":\"September 30,\"},{\"bbox\":[467.6,107.3,522.2,114.7],\"text\":\"September 30,\"},{\"bbox\":[415.8,115.3,433.6,122.7],\"text\":\"2010\"},{\"bbox\":[486.0,115.3,503.8,122.7],\"text\":\"2009\"},{\"bbox\":[394.6,127.3,525.1,134.7],\"text\":\"(in millions, except par value data)\"}],\"order\":2,\"text\":\"September 30,\\nSeptember 30,\\n2010\\n2009\\n(in millions, except par value data)\"},{\"bbox\":[69.0,137.8,384.6,279.0],\"lines\":[{\"bbox\":[69.0,137.8,101.8,147.1],\"text\":\"Assets\"},{\"bbox\":[69.0,149.8,384.6,159.0],\"text\":\"Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,161.8,384.6,171.0],\"text\":\"Restricted cash—litigation escrow (Note 4) . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,173.8,163.0,183.0],\"text\":\"Investment securities\"},{\"bbox\":[89.0,185.8,384.6,195.0],\"text\":\"Trading (Note 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[89.0,197.8,384.6,207.0],\"text\":\"Available-for-sale (Note 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,209.8,384.6,219.0],\"text\":\"Settlement receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,221.8,384.6,231.0],\"text\":\"Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,233.8,384.6,243.0],\"text\":\"Customer collateral (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,245.8,384.6,255.0],\"text\":\"Current portion of volume and support incentives . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,257.8,384.6,267.0],\"text\":\"Current portion of deferred tax assets (Note 21) . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,269.8,384.6,279.0],\"text\":\"Prepaid expenses and other current assets (Note 7) . . . . . . . . . . . . . . . .\"}],\"order\":3,\"text\":\"Assets\\nCash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRestricted cash—litigation escrow (Note 4) . . . . . . . . . . . . . . . . . . . . . . .\\nInvestment securities\\nTrading (Note 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAvailable-for-sale (Note 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSettlement receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCustomer collateral (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCurrent portion of volume and support incentives . . . . . . . . . . . . . . . . . .\\nCurrent portion of deferred tax assets (Note 21) . . . . . . . . . . . . . . . . . . .\\nPrepaid expenses and other current assets (Note 7) . . . . . . . . . . . . . . . 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4,617\\n1,365\"},{\"bbox\":[426.1,185.8,442.8,279.0],\"lines\":[{\"bbox\":[431.6,185.8,442.8,195.0],\"text\":\"60\"},{\"bbox\":[426.1,197.8,442.8,207.0],\"text\":\"124\"},{\"bbox\":[426.1,209.8,442.8,219.0],\"text\":\"402\"},{\"bbox\":[426.1,221.8,442.8,231.0],\"text\":\"476\"},{\"bbox\":[426.1,233.8,442.8,243.0],\"text\":\"899\"},{\"bbox\":[426.1,245.8,442.8,255.0],\"text\":\"175\"},{\"bbox\":[426.1,257.8,442.8,267.0],\"text\":\"623\"},{\"bbox\":[426.1,269.8,442.8,279.0],\"text\":\"242\"}],\"order\":6,\"text\":\"60\\n124\\n402\\n476\\n899\\n175\\n623\\n242\"},{\"bbox\":[496.3,185.8,513.0,279.0],\"lines\":[{\"bbox\":[501.9,185.8,513.0,195.0],\"text\":\"59\"},{\"bbox\":[501.9,197.8,513.0,207.0],\"text\":\"56\"},{\"bbox\":[496.3,209.8,513.0,219.0],\"text\":\"605\"},{\"bbox\":[496.3,221.8,513.0,231.0],\"text\":\"444\"},{\"bbox\":[496.3,233.8,513.0,243.0],\"text\":\"812\"},{\"bbox\":[496.3,245.8,513.0,255.0],\"text\":\"214\"},{\"bbox\":[496.3,257.8,513.0,267.0],\"text\":\"703\"},{\"bbox\":[496.3,269.8,513.0,279.0],\"text\":\"366\"}],\"order\":7,\"text\":\"59\\n56\\n605\\n444\\n812\\n214\\n703\\n366\"},{\"bbox\":[69.0,285.8,384.6,379.0],\"lines\":[{\"bbox\":[109.0,285.8,384.6,295.0],\"text\":\"Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,297.8,384.6,307.0],\"text\":\"Restricted cash—litigation escrow (Note 4) . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,309.8,384.6,319.0],\"text\":\"Investment securities, available-for-sale (Note 5) . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,321.8,384.6,331.0],\"text\":\"Volume and support incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,333.8,384.6,343.0],\"text\":\"Property, equipment and technology, net (Note 8) . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,345.8,384.6,355.0],\"text\":\"Other assets (Note 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,357.8,384.6,367.0],\"text\":\"Intangible assets, net (Note 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,369.8,384.6,379.0],\"text\":\"Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":8,\"text\":\"Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRestricted cash—litigation escrow (Note 4) . . . . . . . . . . . . . . . . . . . . . . .\\nInvestment securities, available-for-sale (Note 5) . . . . . . . . . . . . . . . . . . .\\nVolume and support incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProperty, equipment and technology, net (Note 8) . . . . . . . . . . . . . . . . . .\\nOther assets (Note 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIntangible assets, net (Note 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGoodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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. . . . . . . . . . . . . .\"}],\"order\":16,\"text\":\"Liabilities\\nAccounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSettlement payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCustomer collateral (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccrued compensation and benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nVolume and support incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccrued liabilities (Note 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCurrent portion of long-term debt (Note 11) . . . . . . . . . . . . . . . . . . . . . . .\\nCurrent portion of accrued litigation (Note 22) . . . . . . . . . . . . . . . . . . . . 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current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,527.8,384.6,537.0],\"text\":\"Long-term debt (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,539.8,384.6,549.0],\"text\":\"Accrued litigation (Note 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,551.8,384.6,561.0],\"text\":\"Deferred tax liabilities (Note 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[69.0,563.8,384.6,573.0],\"text\":\"Other liabilities (Note 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":19,\"text\":\"Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLong-term debt (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccrued litigation (Note 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeferred tax liabilities (Note 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther liabilities (Note 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[417.8,515.8,442.8,573.0],\"lines\":[{\"bbox\":[417.8,515.8,442.8,525.0],\"text\":\"3,498\"},{\"bbox\":[431.6,527.8,442.8,537.0],\"text\":\"32\"},{\"bbox\":[431.6,539.8,442.8,549.0],\"text\":\"66\"},{\"bbox\":[417.8,551.8,442.8,561.0],\"text\":\"4,181\"},{\"bbox\":[426.1,563.8,442.8,573.0],\"text\":\"617\"}],\"order\":20,\"text\":\"3,498\\n32\\n66\\n4,181\\n617\"},{\"bbox\":[487.9,515.8,513.0,573.0],\"lines\":[{\"bbox\":[487.9,515.8,513.0,525.0],\"text\":\"4,442\"},{\"bbox\":[501.9,527.8,513.0,537.0],\"text\":\"44\"},{\"bbox\":[496.3,539.8,513.0,549.0],\"text\":\"323\"},{\"bbox\":[487.9,551.8,513.0,561.0],\"text\":\"3,807\"},{\"bbox\":[496.3,563.8,513.0,573.0],\"text\":\"472\"}],\"order\":21,\"text\":\"4,442\\n44\\n323\\n3,807\\n472\"},{\"bbox\":[109.0,579.8,384.6,589.0],\"lines\":[{\"bbox\":[109.0,579.8,384.6,589.0],\"text\":\"Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":22,\"text\":\"Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[417.8,579.8,442.8,589.0],\"lines\":[{\"bbox\":[417.8,579.8,442.8,589.0],\"text\":\"8,394\"}],\"order\":23,\"text\":\"8,394\"},{\"bbox\":[487.9,579.8,513.0,589.0],\"lines\":[{\"bbox\":[487.9,579.8,513.0,589.0],\"text\":\"9,088\"}],\"order\":24,\"text\":\"9,088\"},{\"bbox\":[69.0,597.8,258.5,607.0],\"lines\":[{\"bbox\":[69.0,597.8,258.5,607.0],\"text\":\"Commitments and contingencies (Note 19)\"}],\"order\":25,\"text\":\"Commitments and contingencies (Note 19)\"},{\"bbox\":[86.3,679.8,507.5,689.0],\"lines\":[{\"bbox\":[86.3,679.8,507.5,689.0],\"text\":\"See accompanying notes, which are an integral part of these consolidated financial statements.\"}],\"order\":26,\"text\":\"See accompanying notes, which are an integral part of these consolidated financial statements.\"},{\"bbox\":[291.4,703.8,302.6,713.0],\"lines\":[{\"bbox\":[291.4,703.8,302.6,713.0],\"text\":\"67\"}],\"order\":27,\"text\":\"67\"}],\"doc\":\"fintabnet:V_2010\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"VISA INC.\\n\\nCONSOLIDATED BALANCE SHEETS\\n\\nSeptember 30,\\nSeptember 30,\\n2010\\n2009\\n(in millions, except par value data)\\n\\nAssets\\nCash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRestricted cash—litigation escrow (Note 4) . . . . . . . . . . . . . . . . . . . . . . .\\nInvestment securities\\nTrading (Note 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAvailable-for-sale (Note 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSettlement receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCustomer collateral (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCurrent portion of volume and support incentives . . . . . . . . . . . . . . . . . .\\nCurrent portion of deferred tax assets (Note 21) . . . . . . . . . . . . . . . . . . .\\nPrepaid expenses and other current assets (Note 7) . . . . . . . . . . . . . . . .\\n\\n$ 3,867\\n1,866\\n\\n$ 4,617\\n1,365\\n\\n60\\n124\\n402\\n476\\n899\\n175\\n623\\n242\\n\\n59\\n56\\n605\\n444\\n812\\n214\\n703\\n366\\n\\nTotal current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRestricted cash—litigation escrow (Note 4) . . . . . . . . . . . . . . . . . . . . . . .\\nInvestment securities, available-for-sale (Note 5) . . . . . . . . . . . . . . . . . . .\\nVolume and support incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProperty, equipment and technology, net (Note 8) . . . . . . . . . . . . . . . . . .\\nOther assets (Note 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIntangible assets, net (Note 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGoodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n8,734\\n70\\n24\\n101\\n1,357\\n197\\n11,478\\n11,447\\n\\n9,241\\n350\\n168\\n102\\n1,204\\n125\\n10,883\\n10,208\\n\\nTotal assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$33,408\\n\\n$32,281\\n\\n$\\n\\n$\\n\\nLiabilities\\nAccounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSettlement payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCustomer collateral (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccrued compensation and benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nVolume and support incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccrued liabilities (Note 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCurrent portion of long-term debt (Note 11) . . . . . . . . . . . . . . . . . . . . . . .\\nCurrent portion of accrued litigation (Note 22) . . . . . . . . . . . . . . . . . . . . .\\n\\n137\\n406\\n899\\n370\\n418\\n625\\n12\\n631\\n\\n156\\n634\\n812\\n396\\n284\\n754\\n12\\n1,394\\n\\nTotal current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLong-term debt (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccrued litigation (Note 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeferred tax liabilities (Note 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther liabilities (Note 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n3,498\\n32\\n66\\n4,181\\n617\\n\\n4,442\\n44\\n323\\n3,807\\n472\\n\\nTotal liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n8,394\\n\\n9,088\\n\\nCommitments and contingencies (Note 19)\\n\\nSee accompanying notes, which are an integral part of these consolidated financial statements.\\n\\n67\",\"name\":\"fintabnet.V_2010_page_77__72dpi_none\",\"page_id\":\"fintabnet.V_2010_page_77\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"V_2010_page_77\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[69.0,105.5,525.1,589.1],\"block_orders\":[2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24],\"cells\":null}],\"text\":\"VISA INC.\\n\\nCONSOLIDATED BALANCE SHEETS\\n\\nSeptember 30,\\nSeptember 30,\\n2010\\n2009\\n(in millions, except par value data)\\n\\nAssets\\nCash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRestricted cash—litigation escrow (Note 4) . . . . . . . . . . . . . . . . . . . . . . .\\nInvestment securities\\nTrading (Note 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAvailable-for-sale (Note 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSettlement receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCustomer collateral (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCurrent portion of volume and support incentives . . . . . . . . . . . . . . . . . .\\nCurrent portion of deferred tax assets (Note 21) . . . . . . . . . . . . . . . . . . .\\nPrepaid expenses and other current assets (Note 7) . . . . . . . . . . . . . . . .\\n\\n$ 3,867\\n1,866\\n\\n$ 4,617\\n1,365\\n\\n60\\n124\\n402\\n476\\n899\\n175\\n623\\n242\\n\\n59\\n56\\n605\\n444\\n812\\n214\\n703\\n366\\n\\nTotal current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRestricted cash—litigation escrow (Note 4) . . . . . . . . . . . . . . . . . . . . . . .\\nInvestment securities, available-for-sale (Note 5) . . . . . . . . . . . . . . . . . . .\\nVolume and support incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProperty, equipment and technology, net (Note 8) . . . . . . . . . . . . . . . . . .\\nOther assets (Note 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIntangible assets, net (Note 9) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGoodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n8,734\\n70\\n24\\n101\\n1,357\\n197\\n11,478\\n11,447\\n\\n9,241\\n350\\n168\\n102\\n1,204\\n125\\n10,883\\n10,208\\n\\nTotal assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$33,408\\n\\n$32,281\\n\\n$\\n\\n$\\n\\nLiabilities\\nAccounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nSettlement payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCustomer collateral (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccrued compensation and benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nVolume and support incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccrued liabilities (Note 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCurrent portion of long-term debt (Note 11) . . . . . . . . . . . . . . . . . . . . . . .\\nCurrent portion of accrued litigation (Note 22) . . . . . . . . . . . . . . . . . . . . .\\n\\n137\\n406\\n899\\n370\\n418\\n625\\n12\\n631\\n\\n156\\n634\\n812\\n396\\n284\\n754\\n12\\n1,394\\n\\nTotal current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nLong-term debt (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAccrued litigation (Note 22) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeferred tax liabilities (Note 21) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther liabilities (Note 10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n3,498\\n32\\n66\\n4,181\\n617\\n\\n4,442\\n44\\n323\\n3,807\\n472\\n\\nTotal liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n8,394\\n\\n9,088\\n\\nCommitments and contingencies (Note 19)\\n\\nSee accompanying notes, which are an integral part of these consolidated financial statements.\\n\\n67\"},\"name\":\"fintabnet.V_2010_page_77__72dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":34364,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:V_2010\",\"dpi\":72,\"gt_sha256\":\"3d6a97d950d4c67313dc1cce51674bfa6a83b5d96f2c29f7f89c20e60c5d31ce\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"V_2018_page_114\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:V_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[385.8,93.8,450.0,107.5],\"lines\":[{\"bbox\":[385.8,93.8,450.0,107.5],\"text\":\"VISA INC.\"}],\"order\":0,\"text\":\"VISA INC.\"},{\"bbox\":[190.2,116.4,644.6,151.6],\"lines\":[{\"bbox\":[190.4,116.4,644.6,134.9],\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\"},{\"bbox\":[352.4,135.1,482.3,149.6],\"text\":\"September 30, 2018\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\nSeptember 30, 2018\"},{\"bbox\":[100.1,158.3,733.7,195.5],\"lines\":[{\"bbox\":[131.6,158.6,733.7,178.8],\"text\":\"The number of shares of each series and class, and the number of shares of class A common\"},{\"bbox\":[100.1,174.9,533.5,193.0],\"text\":\"stock on an as-converted basis at September 30, 2018, are as follows:\"}],\"order\":2,\"text\":\"The number of shares of each series and class, and the number of shares of class A common\\nstock on an as-converted basis at September 30, 2018, are as follows:\"},{\"bbox\":[415.0,204.7,727.6,257.7],\"lines\":[{\"bbox\":[500.3,205.7,588.8,217.1],\"text\":\"Conversion Rate\"},{\"bbox\":[646.0,207.5,717.1,218.7],\"text\":\"As-converted\"},{\"bbox\":[429.5,216.0,466.7,226.7],\"text\":\"Shares\"},{\"bbox\":[512.3,217.0,576.5,228.1],\"text\":\"Into Class A\"},{\"bbox\":[635.4,218.5,727.5,229.9],\"text\":\"Class A Common\"},{\"bbox\":[415.2,226.9,480.8,238.0],\"text\":\"Outstanding\"},{\"bbox\":[503.5,228.0,585.1,239.3],\"text\":\"Common Stock\"},{\"bbox\":[660.7,229.9,701.9,240.7],\"text\":\"Stock (1)\"},{\"bbox\":[476.4,244.3,665.8,256.9],\"text\":\"(in millions, except conversion rate)\"}],\"order\":3,\"text\":\"Conversion Rate\\nAs-converted\\nShares\\nInto Class A\\nClass A Common\\nOutstanding\\nCommon Stock\\nStock (1)\\n(in millions, except conversion rate)\"},{\"bbox\":[103.9,254.4,401.0,337.5],\"lines\":[{\"bbox\":[104.7,254.4,401.0,270.8],\"text\":\"UK&I preferred stock . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[104.5,271.1,400.8,287.5],\"text\":\"Europe preferred stock . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[104.3,287.8,400.6,304.2],\"text\":\"Class A common stock (2) . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[104.1,304.4,400.4,320.8],\"text\":\"Class B common stock . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[103.9,321.1,400.2,337.5],\"text\":\"Class C common stock . . . . . . . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"UK&I preferred stock . . . . . . . . . . . . . . . . . . . . . .\\nEurope preferred stock . . . . . . . . . . . . . . . . . . . . .\\nClass A common stock (2) . . . . . . . . . . . . . . . . . . .\\nClass B common stock . . . . . . . . . . . . . . . . . . . . .\\nClass C common stock . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[444.7,258.6,480.4,338.5],\"lines\":[{\"bbox\":[472.5,258.9,480.4,271.8],\"text\":\"2\"},{\"bbox\":[472.3,275.6,480.2,288.5],\"text\":\"3\"},{\"bbox\":[445.1,291.9,480.0,305.1],\"text\":\"1,768\"},{\"bbox\":[456.5,308.7,479.8,321.8],\"text\":\"245\"},{\"bbox\":[464.0,325.5,479.6,338.5],\"text\":\"12\"}],\"order\":5,\"text\":\"2\\n3\\n1,768\\n245\\n12\"},{\"bbox\":[537.0,259.7,588.2,339.8],\"lines\":[{\"bbox\":[537.8,259.7,588.2,273.1],\"text\":\"12.9550\"},{\"bbox\":[537.6,276.4,588.0,289.8],\"text\":\"13.8880\"},{\"bbox\":[573.7,293.5,587.7,306.5],\"text\":\"—\"},{\"bbox\":[544.9,309.8,587.6,323.1],\"text\":\"1.6298\"},{\"bbox\":[544.7,326.5,587.4,339.8],\"text\":\"4.0000\"}],\"order\":6,\"text\":\"12.9550\\n13.8880\\n—\\n1.6298\\n4.0000\"},{\"bbox\":[606.9,310.6,618.0,319.0],\"lines\":[{\"bbox\":[606.9,310.6,618.0,319.0],\"text\":\"(3)\"}],\"order\":7,\"text\":\"(3)\"},{\"bbox\":[103.6,343.3,399.9,359.8],\"lines\":[{\"bbox\":[103.6,343.3,399.9,359.8],\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":8,\"text\":\"Total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[97.7,377.1,106.6,383.8],\"lines\":[{\"bbox\":[97.7,377.1,106.6,383.8],\"text\":\"(1)\"}],\"order\":9,\"text\":\"(1)\"},{\"bbox\":[97.4,404.8,106.3,411.6],\"lines\":[{\"bbox\":[97.4,404.8,106.3,411.6],\"text\":\"(2)\"}],\"order\":10,\"text\":\"(2)\"},{\"bbox\":[97.2,418.7,106.1,425.5],\"lines\":[{\"bbox\":[97.2,418.7,106.1,425.5],\"text\":\"(3)\"}],\"order\":11,\"text\":\"(3)\"},{\"bbox\":[691.3,261.6,727.1,341.5],\"lines\":[{\"bbox\":[711.4,261.9,727.0,274.8],\"text\":\"32\"},{\"bbox\":[711.2,278.5,726.8,291.5],\"text\":\"44\"},{\"bbox\":[691.7,295.0,726.6,308.2],\"text\":\"1,768\"},{\"bbox\":[703.1,311.8,726.4,324.8],\"text\":\"400\"},{\"bbox\":[710.6,328.5,726.2,341.5],\"text\":\"47\"}],\"order\":12,\"text\":\"32\\n44\\n1,768\\n400\\n47\"},{\"bbox\":[691.0,350.5,726.0,363.8],\"lines\":[{\"bbox\":[691.0,350.5,726.0,363.8],\"text\":\"2,291\"}],\"order\":13,\"text\":\"2,291\"},{\"bbox\":[115.7,377.3,731.1,450.6],\"lines\":[{\"bbox\":[116.4,377.3,731.1,395.0],\"text\":\"Figures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on\"},{\"bbox\":[116.2,391.2,218.8,402.6],\"text\":\"unrounded numbers.\"},{\"bbox\":[116.1,405.0,628.7,421.6],\"text\":\"Class A common stock shares outstanding reflect repurchases settled on or before September 30, 2018.\"},{\"bbox\":[115.9,418.9,730.5,436.7],\"text\":\"The class B to class A common stock conversion rate is presented on a rounded basis. Conversion calculations for dividend\"},{\"bbox\":[115.7,432.8,466.7,447.3],\"text\":\"payments are based on a conversion rate rounded to the tenth decimal.\"}],\"order\":14,\"text\":\"Figures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on\\nunrounded numbers.\\nClass A common stock shares outstanding reflect repurchases settled on or before September 30, 2018.\\nThe class B to class A common stock conversion rate is presented on a rounded basis. Conversion calculations for dividend\\npayments are based on a conversion rate rounded to the tenth decimal.\"},{\"bbox\":[94.6,456.8,730.2,644.0],\"lines\":[{\"bbox\":[127.9,457.2,730.1,477.4],\"text\":\"Reduction in as-converted shares. During fiscal 2018, total as-converted class A common stock\"},{\"bbox\":[96.4,473.5,729.9,494.1],\"text\":\"was reduced by 63 million shares at an average price of $124.29 per share. Of the 63 million shares,\"},{\"bbox\":[96.2,490.2,729.7,510.7],\"text\":\"58 million were repurchased in the open market using $7.2 billion of operating cash on hand.\"},{\"bbox\":[96.0,506.8,729.6,527.4],\"text\":\"Additionally, in June 2018, the Company deposited $600 million of operating cash into the litigation\"},{\"bbox\":[95.8,523.5,729.3,544.1],\"text\":\"escrow account previously established under the U.S. retrospective responsibility plan. Also, the\"},{\"bbox\":[95.6,540.2,729.1,560.7],\"text\":\"Company recovered $56 million of VE territory covered losses in accordance with the Europe\"},{\"bbox\":[95.4,556.8,728.9,577.4],\"text\":\"retrospective responsibility plan during fiscal 2018. The deposit and recovery have the same economic\"},{\"bbox\":[95.2,573.5,728.7,594.0],\"text\":\"effect on earnings per share as repurchasing the Company’s class A common stock, because they\"},{\"bbox\":[95.0,590.2,728.4,610.7],\"text\":\"reduce the class B common stock conversion rate and the UK&I and Europe preferred stock\"},{\"bbox\":[94.8,606.8,728.3,627.4],\"text\":\"conversion rates and consequently, reduce the as-converted class A common stock share count. See\"},{\"bbox\":[94.6,623.5,472.7,640.9],\"text\":\"Note 2—U.S. and Europe Retrospective Responsibility Plans.\"}],\"order\":15,\"text\":\"Reduction in as-converted shares. During fiscal 2018, total as-converted class A common stock\\nwas reduced by 63 million shares at an average price of $124.29 per share. Of the 63 million shares,\\n58 million were repurchased in the open market using $7.2 billion of operating cash on hand.\\nAdditionally, in June 2018, the Company deposited $600 million of operating cash into the litigation\\nescrow account previously established under the U.S. retrospective responsibility plan. Also, the\\nCompany recovered $56 million of VE territory covered losses in accordance with the Europe\\nretrospective responsibility plan during fiscal 2018. The deposit and recovery have the same economic\\neffect on earnings per share as repurchasing the Company’s class A common stock, because they\\nreduce the class B common stock conversion rate and the UK&I and Europe preferred stock\\nconversion rates and consequently, reduce the as-converted class A common stock share count. See\\nNote 2—U.S. and Europe Retrospective Responsibility Plans.\"},{\"bbox\":[125.5,650.1,725.5,670.3],\"lines\":[{\"bbox\":[125.5,650.1,725.5,670.3],\"text\":\"The following table presents share repurchases in the open market for the following fiscal years (1) :\"}],\"order\":16,\"text\":\"The following table presents share repurchases in the open market for the following fiscal years (1) :\"},{\"bbox\":[520.4,680.9,707.9,726.8],\"lines\":[{\"bbox\":[520.8,680.9,707.9,693.5],\"text\":\"For the Years Ended September 30,\"},{\"bbox\":[526.7,697.6,551.5,708.2],\"text\":\"2018\"},{\"bbox\":[604.2,698.6,629.0,709.2],\"text\":\"2017\"},{\"bbox\":[679.2,699.5,704.1,710.1],\"text\":\"2016\"},{\"bbox\":[522.6,714.2,705.2,726.8],\"text\":\"(in millions, except per share data)\"}],\"order\":17,\"text\":\"For the Years Ended September 30,\\n2018\\n2017\\n2016\\n(in millions, except per share data)\"},{\"bbox\":[98.5,723.7,489.7,774.6],\"lines\":[{\"bbox\":[98.9,723.7,489.7,741.3],\"text\":\"Shares repurchased in the open market (2) . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[98.7,740.4,489.5,757.9],\"text\":\"Average repurchase price per share (3) . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[98.5,757.0,489.3,774.6],\"text\":\"Total cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":18,\"text\":\"Shares repurchased in the open market (2) . . . . . . . . . . . . . . . . . .\\nAverage repurchase price per share (3) . . . . . . . . . . . . . . . . . . . . .\\nTotal cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[92.7,782.4,101.6,789.2],\"lines\":[{\"bbox\":[92.7,782.4,101.6,789.2],\"text\":\"(1)\"}],\"order\":19,\"text\":\"(1)\"},{\"bbox\":[92.0,838.0,100.9,844.7],\"lines\":[{\"bbox\":[92.0,838.0,100.9,844.7],\"text\":\"(2)\"}],\"order\":20,\"text\":\"(2)\"},{\"bbox\":[91.9,851.9,100.8,858.6],\"lines\":[{\"bbox\":[91.9,851.9,100.8,858.6],\"text\":\"(3)\"}],\"order\":21,\"text\":\"(3)\"},{\"bbox\":[506.5,728.7,571.2,775.7],\"lines\":[{\"bbox\":[555.6,729.3,571.2,742.4],\"text\":\"58\"},{\"bbox\":[506.7,745.4,571.0,759.0],\"text\":\"$ 123.76\"},{\"bbox\":[509.3,762.1,570.7,775.7],\"text\":\"$ 7,192\"}],\"order\":22,\"text\":\"58\\n$ 123.76\\n$ 7,192\"},{\"bbox\":[589.3,729.7,646.2,776.5],\"lines\":[{\"bbox\":[630.6,730.2,646.2,743.2],\"text\":\"77\"},{\"bbox\":[589.5,746.4,646.0,759.9],\"text\":\"$ 89.98\"},{\"bbox\":[589.3,763.0,645.8,776.5],\"text\":\"$ 6,891\"}],\"order\":23,\"text\":\"77\\n$ 89.98\\n$ 6,891\"},{\"bbox\":[664.4,730.6,721.3,777.4],\"lines\":[{\"bbox\":[705.7,731.1,721.3,744.1],\"text\":\"91\"},{\"bbox\":[664.6,747.3,721.1,760.8],\"text\":\"$ 77.05\"},{\"bbox\":[664.4,764.0,720.9,777.4],\"text\":\"$ 6,987\"}],\"order\":24,\"text\":\"91\\n$ 77.05\\n$ 6,987\"},{\"bbox\":[110.4,782.7,726.1,883.7],\"lines\":[{\"bbox\":[111.4,782.7,726.1,800.4],\"text\":\"Shares repurchased in the open market reflect repurchases settled during fiscal 2018, 2017 and 2016. These amounts\"},{\"bbox\":[111.3,796.5,726.0,814.3],\"text\":\"include repurchases traded but not yet settled on or before September 30, 2017, September 30, 2016 and September 30,\"},{\"bbox\":[111.1,810.4,725.8,828.2],\"text\":\"2015 for fiscal 2018, 2017 and 2016, respectively. Also, these exclude repurchases traded but not yet settled on or before\"},{\"bbox\":[110.9,824.3,663.7,841.3],\"text\":\"September 30, 2018, September 30, 2017 and September 30, 2016 for fiscal 2018, 2017 and 2016, respectively.\"},{\"bbox\":[110.7,838.2,641.4,854.9],\"text\":\"All shares repurchased in the open market have been retired and constitute authorized but unissued shares.\"},{\"bbox\":[110.6,852.1,725.2,869.9],\"text\":\"Figures in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on\"},{\"bbox\":[110.4,866.0,213.0,877.5],\"text\":\"unrounded numbers.\"}],\"order\":25,\"text\":\"Shares repurchased in the open market reflect repurchases settled during fiscal 2018, 2017 and 2016. These amounts\\ninclude repurchases traded but not yet settled on or before September 30, 2017, September 30, 2016 and September 30,\\n2015 for fiscal 2018, 2017 and 2016, respectively. Also, these exclude repurchases traded but not yet settled on or before\\nSeptember 30, 2018, September 30, 2017 and September 30, 2016 for fiscal 2018, 2017 and 2016, respectively.\\nAll shares repurchased in the open market have been retired and constitute authorized but unissued shares.\\nFigures in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on\\nunrounded numbers.\"},{\"bbox\":[90.7,890.0,724.8,960.5],\"lines\":[{\"bbox\":[122.6,890.4,724.8,910.6],\"text\":\"In January 2018, the Company’s board of directors authorized an additional $7.5 billion share\"},{\"bbox\":[91.1,906.7,724.5,927.2],\"text\":\"repurchase program. This authorization has no expiration date. As of September 30, 2018, the Company’s\"},{\"bbox\":[90.9,923.3,724.3,943.9],\"text\":\"January 2018 share repurchase program had remaining authorized funds of $4.2 billion for share\"},{\"bbox\":[90.7,940.0,676.1,960.0],\"text\":\"repurchase. All share repurchase programs authorized prior to January 2018 have been completed.\"}],\"order\":26,\"text\":\"In January 2018, the Company’s board of directors authorized an additional $7.5 billion share\\nrepurchase program. This authorization has no expiration date. As of September 30, 2018, the Company’s\\nJanuary 2018 share repurchase program had remaining authorized funds of $4.2 billion for share\\nrepurchase. All share repurchase programs authorized prior to January 2018 have been completed.\"},{\"bbox\":[395.3,977.4,418.6,990.4],\"lines\":[{\"bbox\":[395.3,977.4,418.6,990.4],\"text\":\"102\"}],\"order\":27,\"text\":\"102\"}],\"doc\":\"fintabnet:V_2018\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"VISA INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\nSeptember 30, 2018\\n\\nThe number of shares of each series and class, and the number of shares of class A common\\nstock on an as-converted basis at September 30, 2018, are as follows:\\n\\nConversion Rate\\nAs-converted\\nShares\\nInto Class A\\nClass A Common\\nOutstanding\\nCommon Stock\\nStock (1)\\n(in millions, except conversion rate)\\n\\nUK&I preferred stock . . . . . . . . . . . . . . . . . . . . . .\\nEurope preferred stock . . . . . . . . . . . . . . . . . . . . .\\nClass A common stock (2) . . . . . . . . . . . . . . . . . . .\\nClass B common stock . . . . . . . . . . . . . . . . . . . . .\\nClass C common stock . . . . . . . . . . . . . . . . . . . .\\n\\n2\\n3\\n1,768\\n245\\n12\\n\\n12.9550\\n13.8880\\n—\\n1.6298\\n4.0000\\n\\n(3)\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(1)\\n\\n(2)\\n\\n(3)\\n\\n32\\n44\\n1,768\\n400\\n47\\n\\n2,291\\n\\nFigures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on\\nunrounded numbers.\\nClass A common stock shares outstanding reflect repurchases settled on or before September 30, 2018.\\nThe class B to class A common stock conversion rate is presented on a rounded basis. Conversion calculations for dividend\\npayments are based on a conversion rate rounded to the tenth decimal.\\n\\nReduction in as-converted shares. During fiscal 2018, total as-converted class A common stock\\nwas reduced by 63 million shares at an average price of $124.29 per share. Of the 63 million shares,\\n58 million were repurchased in the open market using $7.2 billion of operating cash on hand.\\nAdditionally, in June 2018, the Company deposited $600 million of operating cash into the litigation\\nescrow account previously established under the U.S. retrospective responsibility plan. Also, the\\nCompany recovered $56 million of VE territory covered losses in accordance with the Europe\\nretrospective responsibility plan during fiscal 2018. The deposit and recovery have the same economic\\neffect on earnings per share as repurchasing the Company’s class A common stock, because they\\nreduce the class B common stock conversion rate and the UK&I and Europe preferred stock\\nconversion rates and consequently, reduce the as-converted class A common stock share count. See\\nNote 2—U.S. and Europe Retrospective Responsibility Plans.\\n\\nThe following table presents share repurchases in the open market for the following fiscal years (1) :\\n\\nFor the Years Ended September 30,\\n2018\\n2017\\n2016\\n(in millions, except per share data)\\n\\nShares repurchased in the open market (2) . . . . . . . . . . . . . . . . . .\\nAverage repurchase price per share (3) . . . . . . . . . . . . . . . . . . . . .\\nTotal cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(1)\\n\\n(2)\\n\\n(3)\\n\\n58\\n$ 123.76\\n$ 7,192\\n\\n77\\n$ 89.98\\n$ 6,891\\n\\n91\\n$ 77.05\\n$ 6,987\\n\\nShares repurchased in the open market reflect repurchases settled during fiscal 2018, 2017 and 2016. These amounts\\ninclude repurchases traded but not yet settled on or before September 30, 2017, September 30, 2016 and September 30,\\n2015 for fiscal 2018, 2017 and 2016, respectively. Also, these exclude repurchases traded but not yet settled on or before\\nSeptember 30, 2018, September 30, 2017 and September 30, 2016 for fiscal 2018, 2017 and 2016, respectively.\\nAll shares repurchased in the open market have been retired and constitute authorized but unissued shares.\\nFigures in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on\\nunrounded numbers.\\n\\nIn January 2018, the Company’s board of directors authorized an additional $7.5 billion share\\nrepurchase program. This authorization has no expiration date. As of September 30, 2018, the Company’s\\nJanuary 2018 share repurchase program had remaining authorized funds of $4.2 billion for share\\nrepurchase. All share repurchase programs authorized prior to January 2018 have been completed.\\n\\n102\",\"name\":\"fintabnet.V_2018_page_114__100dpi_mild\",\"page_id\":\"fintabnet.V_2018_page_114\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":-0.703,\"source\":\"fintabnet\",\"source_id\":\"V_2018_page_114\",\"stack\":[{\"deg\":-0.703,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.343},{\"op\":\"noise\",\"sigma\":3.47},{\"gain\":0.918,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":87}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[98.5,673.2,721.9,777.5],\"block_orders\":[17,18,22,23,24],\"cells\":null}],\"text\":\"VISA INC.\\n\\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)\\nSeptember 30, 2018\\n\\nThe number of shares of each series and class, and the number of shares of class A common\\nstock on an as-converted basis at September 30, 2018, are as follows:\\n\\nConversion Rate\\nAs-converted\\nShares\\nInto Class A\\nClass A Common\\nOutstanding\\nCommon Stock\\nStock (1)\\n(in millions, except conversion rate)\\n\\nUK&I preferred stock . . . . . . . . . . . . . . . . . . . . . .\\nEurope preferred stock . . . . . . . . . . . . . . . . . . . . .\\nClass A common stock (2) . . . . . . . . . . . . . . . . . . .\\nClass B common stock . . . . . . . . . . . . . . . . . . . . .\\nClass C common stock . . . . . . . . . . . . . . . . . . . .\\n\\n2\\n3\\n1,768\\n245\\n12\\n\\n12.9550\\n13.8880\\n—\\n1.6298\\n4.0000\\n\\n(3)\\n\\nTotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(1)\\n\\n(2)\\n\\n(3)\\n\\n32\\n44\\n1,768\\n400\\n47\\n\\n2,291\\n\\nFigures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on\\nunrounded numbers.\\nClass A common stock shares outstanding reflect repurchases settled on or before September 30, 2018.\\nThe class B to class A common stock conversion rate is presented on a rounded basis. Conversion calculations for dividend\\npayments are based on a conversion rate rounded to the tenth decimal.\\n\\nReduction in as-converted shares. During fiscal 2018, total as-converted class A common stock\\nwas reduced by 63 million shares at an average price of $124.29 per share. Of the 63 million shares,\\n58 million were repurchased in the open market using $7.2 billion of operating cash on hand.\\nAdditionally, in June 2018, the Company deposited $600 million of operating cash into the litigation\\nescrow account previously established under the U.S. retrospective responsibility plan. Also, the\\nCompany recovered $56 million of VE territory covered losses in accordance with the Europe\\nretrospective responsibility plan during fiscal 2018. The deposit and recovery have the same economic\\neffect on earnings per share as repurchasing the Company’s class A common stock, because they\\nreduce the class B common stock conversion rate and the UK&I and Europe preferred stock\\nconversion rates and consequently, reduce the as-converted class A common stock share count. See\\nNote 2—U.S. and Europe Retrospective Responsibility Plans.\\n\\nThe following table presents share repurchases in the open market for the following fiscal years (1) :\\n\\nFor the Years Ended September 30,\\n2018\\n2017\\n2016\\n(in millions, except per share data)\\n\\nShares repurchased in the open market (2) . . . . . . . . . . . . . . . . . .\\nAverage repurchase price per share (3) . . . . . . . . . . . . . . . . . . . . .\\nTotal cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(1)\\n\\n(2)\\n\\n(3)\\n\\n58\\n$ 123.76\\n$ 7,192\\n\\n77\\n$ 89.98\\n$ 6,891\\n\\n91\\n$ 77.05\\n$ 6,987\\n\\nShares repurchased in the open market reflect repurchases settled during fiscal 2018, 2017 and 2016. These amounts\\ninclude repurchases traded but not yet settled on or before September 30, 2017, September 30, 2016 and September 30,\\n2015 for fiscal 2018, 2017 and 2016, respectively. Also, these exclude repurchases traded but not yet settled on or before\\nSeptember 30, 2018, September 30, 2017 and September 30, 2016 for fiscal 2018, 2017 and 2016, respectively.\\nAll shares repurchased in the open market have been retired and constitute authorized but unissued shares.\\nFigures in the table may not recalculate exactly due to rounding. Average repurchase price per share is calculated based on\\nunrounded numbers.\\n\\nIn January 2018, the Company’s board of directors authorized an additional $7.5 billion share\\nrepurchase program. This authorization has no expiration date. As of September 30, 2018, the Company’s\\nJanuary 2018 share repurchase program had remaining authorized funds of $4.2 billion for share\\nrepurchase. All share repurchase programs authorized prior to January 2018 have been completed.\\n\\n102\"},\"name\":\"fintabnet.V_2018_page_114__100dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":232356,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:V_2018\",\"dpi\":100,\"gt_sha256\":\"783cd7cb49ad005c714cf831c84784000f59532e389a56d09945bab586cc0d6b\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.V_2018_page_114__100dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.V_2018_page_114\",\"pdf_sha256\":\"6df36b437433ede8f5eaadaae605456df27da3696524a6fad81a6c820d6c48a7\",\"px\":[825,1075],\"scan\":{\"render\":\"000001801fc000fc3810300c3ff03ffc3ffc3ffc003c3e7c3ffc3ffc00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"V_2018_page_114\",\"src\":{\"file_sha256\":\"799311e7122cf444fbe45b9df0ad23eb53933014ccc60f00ce07c8f711b05f56\",\"render\":\"000001c01fc000fc3804300c3ffc3ffc3ffc3ffc003c3ffc3ff83ffc00000000\",\"text\":\"65106d94a6e1fae0e465fb2c833bdce6b49c7797a6e5596711fdb462842858af\"},\"stack\":[{\"deg\":-0.703,\"op\":\"skew\"},{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.343},{\"op\":\"noise\",\"sigma\":3.47},{\"gain\":0.918,\"op\":\"contrast\"},{\"op\":\"jpeg\",\"q\":87}],\"tools\":\"21647cade0ee\"},\"sha256\":\"6df36b437433ede8f5eaadaae605456df27da3696524a6fad81a6c820d6c48a7\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/6df36b437433ede8f5eaadaae605456df27da3696524a6fad81a6c820d6c48a7.pdf","asset_sha256":"6df36b437433ede8f5eaadaae605456df27da3696524a6fad81a6c820d6c48a7","document_id":"fintabnet:V_2018","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"V_2018_page_114\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"V_2018_page_83\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:V_2018\",\"ground_truth\":{\"blocks\":[{\"bbox\":[495.8,188.4,1154.2,247.5],\"lines\":[{\"bbox\":[761.0,188.4,889.0,214.1],\"text\":\"VISA INC.\"},{\"bbox\":[495.8,221.7,1154.2,247.5],\"text\":\"CONSOLIDATED STATEMENTS OF CASH FLOWS\"}],\"order\":0,\"text\":\"VISA INC.\\nCONSOLIDATED STATEMENTS OF CASH FLOWS\"},{\"bbox\":[1225.3,279.3,1441.2,322.1],\"lines\":[{\"bbox\":[1225.3,279.3,1441.2,299.9],\"text\":\"For the Years Ended\"},{\"bbox\":[1257.5,301.5,1409.4,322.1],\"text\":\"September 30,\"}],\"order\":1,\"text\":\"For the Years Ended\\nSeptember 30,\"},{\"bbox\":[1203.6,334.9,1253.0,355.5],\"lines\":[{\"bbox\":[1203.6,334.9,1253.0,355.5],\"text\":\"2018\"}],\"order\":2,\"text\":\"2018\"},{\"bbox\":[1271.2,334.9,1395.8,388.8],\"lines\":[{\"bbox\":[1315.0,334.9,1364.4,355.5],\"text\":\"2017\"},{\"bbox\":[1271.2,368.2,1395.8,388.8],\"text\":\"(in millions)\"}],\"order\":3,\"text\":\"2017\\n(in millions)\"},{\"bbox\":[1420.0,334.9,1469.4,355.5],\"lines\":[{\"bbox\":[1420.0,334.9,1469.4,355.5],\"text\":\"2016\"}],\"order\":4,\"text\":\"2016\"},{\"bbox\":[158.3,391.8,1490.8,884.6],\"lines\":[{\"bbox\":[158.3,391.8,368.1,412.4],\"text\":\"Operating Activities\"},{\"bbox\":[158.3,415.4,1483.4,436.0],\"text\":\"Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,301 $ 6,699 $ 5,991\"},{\"bbox\":[158.3,439.0,946.8,459.5],\"text\":\"Adjustments to reconcile net income to net cash provided by operating activities:\"},{\"bbox\":[202.8,462.7,1166.9,483.1],\"text\":\"Client incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1217.8,462.7,1273.4,483.3],\"text\":\"5,491\"},{\"bbox\":[1322.8,462.7,1378.4,483.1],\"text\":\"4,565\"},{\"bbox\":[1427.8,462.7,1483.4,483.1],\"text\":\"3,409\"},{\"bbox\":[202.8,486.3,1166.9,506.7],\"text\":\"Fair value adjustment for the Visa Europe put option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1251.1,486.3,1273.3,506.9],\"text\":\"—\"},{\"bbox\":[1356.1,486.3,1378.3,506.7],\"text\":\"—\"},{\"bbox\":[1438.9,486.3,1490.8,506.7],\"text\":\"(255)\"},{\"bbox\":[202.8,509.9,1166.9,530.3],\"text\":\"Share-based compensation (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1236.2,509.9,1273.3,530.5],\"text\":\"327\"},{\"bbox\":[1341.2,509.9,1378.3,530.3],\"text\":\"235\"},{\"bbox\":[1446.2,509.9,1483.3,530.3],\"text\":\"221\"},{\"bbox\":[202.8,533.5,1166.9,553.9],\"text\":\"Excess tax benefit for share-based compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1251.1,533.5,1273.3,554.1],\"text\":\"—\"},{\"bbox\":[1356.1,533.5,1378.3,553.9],\"text\":\"—\"},{\"bbox\":[1451.2,533.5,1490.8,553.9],\"text\":\"(63)\"},{\"bbox\":[202.8,557.1,1166.9,577.5],\"text\":\"Depreciation and amortization of property, equipment, technology and intangible assets . . . . . . . . .\"},{\"bbox\":[1236.2,557.1,1273.3,577.7],\"text\":\"613\"},{\"bbox\":[1341.2,557.1,1378.3,577.5],\"text\":\"556\"},{\"bbox\":[1446.2,557.1,1483.3,577.5],\"text\":\"502\"},{\"bbox\":[202.8,580.7,1166.9,601.2],\"text\":\"Deferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1210.4,580.7,1280.8,601.3],\"text\":\"(1,277)\"},{\"bbox\":[1322.8,580.7,1378.4,601.2],\"text\":\"1,700\"},{\"bbox\":[1438.9,580.7,1490.8,601.2],\"text\":\"(764)\"},{\"bbox\":[202.8,604.3,1166.9,624.8],\"text\":\"Right to recover for covered losses recorded in equity (Note 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1241.2,604.3,1280.8,624.9],\"text\":\"(11)\"},{\"bbox\":[1333.9,604.3,1385.8,624.8],\"text\":\"(209)\"},{\"bbox\":[1463.6,604.3,1490.8,624.8],\"text\":\"(9)\"},{\"bbox\":[202.8,627.9,1166.9,648.4],\"text\":\"Charitable contribution of Visa Inc. shares (Note 11 and Note 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1251.1,627.9,1273.3,648.5],\"text\":\"—\"},{\"bbox\":[1341.2,627.9,1378.3,648.4],\"text\":\"192\"},{\"bbox\":[1461.1,627.9,1483.3,648.4],\"text\":\"—\"},{\"bbox\":[202.8,651.5,1166.9,672.0],\"text\":\"Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1241.2,651.5,1280.8,672.1],\"text\":\"(74)\"},{\"bbox\":[1353.6,651.5,1378.3,672.0],\"text\":\"50\"},{\"bbox\":[1458.6,651.5,1483.3,672.0],\"text\":\"64\"},{\"bbox\":[158.3,675.2,568.2,695.6],\"text\":\"Change in operating assets and liabilities:\"},{\"bbox\":[202.8,698.8,1166.9,719.2],\"text\":\"Settlement receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1228.9,698.8,1280.7,719.4],\"text\":\"(223)\"},{\"bbox\":[1353.6,698.8,1378.3,719.2],\"text\":\"94\"},{\"bbox\":[1446.2,698.8,1483.3,719.2],\"text\":\"391\"},{\"bbox\":[202.8,722.4,1166.9,742.8],\"text\":\"Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1241.2,722.4,1280.8,743.0],\"text\":\"(70)\"},{\"bbox\":[1346.2,722.4,1385.8,742.8],\"text\":\"(54)\"},{\"bbox\":[1451.2,722.4,1490.8,742.8],\"text\":\"(65)\"},{\"bbox\":[202.8,746.0,1166.9,766.4],\"text\":\"Client incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1210.4,746.0,1280.8,766.6],\"text\":\"(4,682)\"},{\"bbox\":[1315.4,746.0,1385.8,766.4],\"text\":\"(4,628)\"},{\"bbox\":[1420.4,746.0,1490.8,766.4],\"text\":\"(3,508)\"},{\"bbox\":[202.8,769.6,1166.9,790.0],\"text\":\"Other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1228.9,769.6,1280.7,790.2],\"text\":\"(160)\"},{\"bbox\":[1333.9,769.6,1385.7,790.0],\"text\":\"(252)\"},{\"bbox\":[1438.9,769.6,1490.7,790.0],\"text\":\"(315)\"},{\"bbox\":[202.8,793.2,1166.9,813.7],\"text\":\"Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1261.0,793.2,1273.3,813.8],\"text\":\"3\"},{\"bbox\":[1346.2,793.2,1385.8,813.7],\"text\":\"(30)\"},{\"bbox\":[1458.6,793.2,1483.3,813.7],\"text\":\"43\"},{\"bbox\":[202.8,816.8,1166.9,837.3],\"text\":\"Settlement payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[1236.2,816.8,1273.3,837.4],\"text\":\"262\"},{\"bbox\":[1333.9,816.8,1385.7,837.3],\"text\":\"(176)\"},{\"bbox\":[1438.9,816.8,1490.7,837.3],\"text\":\"(302)\"},{\"bbox\":[202.8,840.4,1166.9,860.9],\"text\":\"Accrued and other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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244\\n$\\n—\\n$\\n42\"},{\"bbox\":[158.3,933.5,1166.9,1142.8],\"lines\":[{\"bbox\":[158.3,933.5,360.7,954.1],\"text\":\"Investing Activities\"},{\"bbox\":[158.3,957.1,1166.9,977.5],\"text\":\"Purchases of property, equipment, technology and intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[158.3,980.7,1166.9,1001.2],\"text\":\"Proceeds from sales of property, equipment and technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[158.3,1004.3,554.4,1024.8],\"text\":\"Investment securities, available-for-sale:\"},{\"bbox\":[202.8,1027.9,1166.9,1048.4],\"text\":\"Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[202.8,1051.5,1166.9,1072.0],\"text\":\"Proceeds from maturities and sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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. .\"},{\"bbox\":[158.3,1309.9,1166.9,1330.3],\"text\":\"Proceeds from issuance of senior notes (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[158.3,1333.5,1166.9,1353.9],\"text\":\"Debt issuance costs (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[158.3,1357.1,1076.8,1377.5],\"text\":\"Deposit into U.S. litigation escrow account—U.S. retrospective responsibility plan (Note 2 and\"},{\"bbox\":[180.6,1380.7,1166.9,1401.2],\"text\":\"Note 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[158.3,1404.3,1108.6,1424.8],\"text\":\"Payments from U.S. litigation escrow account—U.S. retrospective responsibility plan (Note 2 and\"},{\"bbox\":[180.6,1427.9,1166.9,1448.4],\"text\":\"Note 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[158.3,1451.5,1166.9,1472.0],\"text\":\"Cash proceeds from issuance of common stock under employee equity plans . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[158.3,1475.2,1166.9,1495.6],\"text\":\"Restricted stock and performance-based shares settled in cash for taxes . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[158.3,1498.8,1166.9,1519.2],\"text\":\"Excess tax benefit for share-based compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":50,\"text\":\"Financing Activities\\nRepurchase of class A common stock (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRepayments of long-term debt (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTreasury stock—class C common stock (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDividends paid (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProceeds from issuance of senior notes (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDebt issuance costs (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeposit into U.S. litigation escrow account—U.S. retrospective responsibility plan (Note 2 and\\nNote 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPayments from U.S. litigation escrow account—U.S. retrospective responsibility plan (Note 2 and\\nNote 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCash proceeds from issuance of common stock under employee equity plans . . . . . . . . . . . . . . . . . . . . .\\nRestricted stock and performance-based shares settled in cash for taxes . . . . . . . . . . . . . . . . . . . . . . . . .\\nExcess tax benefit for share-based compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[239.9,1888.2,1409.8,1913.8],\"lines\":[{\"bbox\":[239.9,1888.2,1409.8,1913.8],\"text\":\"See accompanying notes, which are an integral part of these consolidated financial statements.\"}],\"order\":51,\"text\":\"See accompanying notes, which are an integral part of these consolidated financial statements.\"},{\"bbox\":[809.6,1955.1,840.4,1980.6],\"lines\":[{\"bbox\":[809.6,1955.1,840.4,1980.6],\"text\":\"71\"}],\"order\":52,\"text\":\"71\"}],\"doc\":\"fintabnet:V_2018\",\"dpi\":200,\"image_px\":[1650,2150],\"layout\":[],\"markdown\":\"VISA INC.\\nCONSOLIDATED STATEMENTS OF CASH FLOWS\\n\\nFor the Years Ended\\nSeptember 30,\\n\\n2018\\n\\n2017\\n(in millions)\\n\\n2016\\n\\nOperating Activities\\nNet income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,301 $ 6,699 $ 5,991\\nAdjustments to reconcile net income to net cash provided by operating activities:\\nClient incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n5,491\\n4,565\\n3,409\\nFair value adjustment for the Visa Europe put option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n—\\n(255)\\nShare-based compensation (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n327\\n235\\n221\\nExcess tax benefit for share-based compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n—\\n(63)\\nDepreciation and amortization of property, equipment, technology and intangible assets . . . . . . . . .\\n613\\n556\\n502\\nDeferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,277)\\n1,700\\n(764)\\nRight to recover for covered losses recorded in equity (Note 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(11)\\n(209)\\n(9)\\nCharitable contribution of Visa Inc. shares (Note 11 and Note 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n192\\n—\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(74)\\n50\\n64\\nChange in operating assets and liabilities:\\nSettlement receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(223)\\n94\\n391\\nAccounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(70)\\n(54)\\n(65)\\nClient incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(4,682)\\n(4,628)\\n(3,508)\\nOther assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(160)\\n(252)\\n(315)\\nAccounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n3\\n(30)\\n43\\nSettlement payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n262\\n(176)\\n(302)\\nAccrued and other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n1,761\\n465\\n277\\nAccrued litigation (Note 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n452\\n1\\n(43)\\n\\nNet cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n12,713\\n\\n9,208\\n\\n5,574\\n\\n(718)\\n14\\n\\n(707)\\n12\\n\\n(523)\\n—\\n\\n(5,772)\\n3,636\\n(196)\\n(50)\\n2\\n\\n(3,238)\\n5,012\\n(302)\\n(46)\\n4\\n\\n(10,426)\\n9,119\\n(9,082)\\n(10)\\n6\\n\\n(3,084)\\n\\n735\\n\\n(10,916)\\n\\n(7,192)\\n(1,750)\\n—\\n(1,918)\\n—\\n—\\n\\n(6,891)\\n—\\n—\\n(1,579)\\n2,488\\n(15)\\n\\n(6,987)\\n—\\n(170)\\n(1,350)\\n15,971\\n(98)\\n\\n(600)\\n\\n—\\n\\n—\\n\\n150\\n164\\n(94)\\n—\\n\\n—\\n149\\n(76)\\n—\\n\\n45\\n95\\n(92)\\n63\\n\\nNet cash (used in) provided by financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(11,240)\\n\\n(5,924)\\n\\n7,477\\n\\nEffect of exchange rate changes on cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(101)\\n\\n236\\n\\n(34)\\n\\n(Decrease) increase in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCash and cash equivalents at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(1,712)\\n9,874\\n\\n4,255\\n5,619\\n\\n2,101\\n3,518\\n\\nCash and cash equivalents at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\n8,162\\n\\n$ 9,874\\n\\n$ 5,619\\n\\nSupplemental Disclosure\\nSeries B and C convertible participating preferred stock issued in Visa Europe acquisition (Note 2) . . . . $\\nDeferred purchase consideration recorded for Visa Europe acquisition (Note 14) . . . . . . . . . . . . . . . . . . . $\\nIncome taxes paid, net of refunds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\nInterest payments on debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\nCharitable contribution of available-for-sale investment securities to Visa Foundation . . . . . . . . . . . . . . . $\\nAccruals related to purchases of property, equipment, technology and intangible assets . . . . . . . . . . . . . $\\n\\n—\\n—\\n2,285\\n545\\n195\\n77\\n\\n$\\n—\\n$\\n—\\n$ 3,038\\n$ 489\\n$\\n—\\n$\\n50\\n\\n$ 5,717\\n$ 1,236\\n$ 2,842\\n$ 244\\n$\\n—\\n$\\n42\\n\\nInvesting Activities\\nPurchases of property, equipment, technology and intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProceeds from sales of property, equipment and technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInvestment securities, available-for-sale:\\nPurchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProceeds from maturities and sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAcquisitions, net of cash received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPurchases of / contributions to other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProceeds / distributions from other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nNet cash (used in) provided by investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nFinancing Activities\\nRepurchase of class A common stock (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRepayments of long-term debt (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTreasury stock—class C common stock (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDividends paid (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProceeds from issuance of senior notes (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDebt issuance costs (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeposit into U.S. litigation escrow account—U.S. retrospective responsibility plan (Note 2 and\\nNote 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPayments from U.S. litigation escrow account—U.S. retrospective responsibility plan (Note 2 and\\nNote 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCash proceeds from issuance of common stock under employee equity plans . . . . . . . . . . . . . . . . . . . . .\\nRestricted stock and performance-based shares settled in cash for taxes . . . . . . . . . . . . . . . . . . . . . . . . .\\nExcess tax benefit for share-based compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nSee accompanying notes, which are an integral part of these consolidated financial statements.\\n\\n71\",\"name\":\"fintabnet.V_2018_page_83__200dpi_none\",\"page_id\":\"fintabnet.V_2018_page_83\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"V_2018_page_83\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[158.3,274.4,1490.8,1863.8],\"block_orders\":[1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50],\"cells\":null}],\"text\":\"VISA INC.\\nCONSOLIDATED STATEMENTS OF CASH FLOWS\\n\\nFor the Years Ended\\nSeptember 30,\\n\\n2018\\n\\n2017\\n(in millions)\\n\\n2016\\n\\nOperating Activities\\nNet income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 10,301 $ 6,699 $ 5,991\\nAdjustments to reconcile net income to net cash provided by operating activities:\\nClient incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n5,491\\n4,565\\n3,409\\nFair value adjustment for the Visa Europe put option . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n—\\n(255)\\nShare-based compensation (Note 13) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n327\\n235\\n221\\nExcess tax benefit for share-based compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n—\\n(63)\\nDepreciation and amortization of property, equipment, technology and intangible assets . . . . . . . . .\\n613\\n556\\n502\\nDeferred income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(1,277)\\n1,700\\n(764)\\nRight to recover for covered losses recorded in equity (Note 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(11)\\n(209)\\n(9)\\nCharitable contribution of Visa Inc. shares (Note 11 and Note 16) . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n—\\n192\\n—\\nOther . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(74)\\n50\\n64\\nChange in operating assets and liabilities:\\nSettlement receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(223)\\n94\\n391\\nAccounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(70)\\n(54)\\n(65)\\nClient incentives . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(4,682)\\n(4,628)\\n(3,508)\\nOther assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n(160)\\n(252)\\n(315)\\nAccounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n3\\n(30)\\n43\\nSettlement payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n262\\n(176)\\n(302)\\nAccrued and other liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n1,761\\n465\\n277\\nAccrued litigation (Note 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n452\\n1\\n(43)\\n\\nNet cash provided by operating activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n12,713\\n\\n9,208\\n\\n5,574\\n\\n(718)\\n14\\n\\n(707)\\n12\\n\\n(523)\\n—\\n\\n(5,772)\\n3,636\\n(196)\\n(50)\\n2\\n\\n(3,238)\\n5,012\\n(302)\\n(46)\\n4\\n\\n(10,426)\\n9,119\\n(9,082)\\n(10)\\n6\\n\\n(3,084)\\n\\n735\\n\\n(10,916)\\n\\n(7,192)\\n(1,750)\\n—\\n(1,918)\\n—\\n—\\n\\n(6,891)\\n—\\n—\\n(1,579)\\n2,488\\n(15)\\n\\n(6,987)\\n—\\n(170)\\n(1,350)\\n15,971\\n(98)\\n\\n(600)\\n\\n—\\n\\n—\\n\\n150\\n164\\n(94)\\n—\\n\\n—\\n149\\n(76)\\n—\\n\\n45\\n95\\n(92)\\n63\\n\\nNet cash (used in) provided by financing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(11,240)\\n\\n(5,924)\\n\\n7,477\\n\\nEffect of exchange rate changes on cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(101)\\n\\n236\\n\\n(34)\\n\\n(Decrease) increase in cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCash and cash equivalents at beginning of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n(1,712)\\n9,874\\n\\n4,255\\n5,619\\n\\n2,101\\n3,518\\n\\nCash and cash equivalents at end of year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\n\\n8,162\\n\\n$ 9,874\\n\\n$ 5,619\\n\\nSupplemental Disclosure\\nSeries B and C convertible participating preferred stock issued in Visa Europe acquisition (Note 2) . . . . $\\nDeferred purchase consideration recorded for Visa Europe acquisition (Note 14) . . . . . . . . . . . . . . . . . . . $\\nIncome taxes paid, net of refunds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\nInterest payments on debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $\\nCharitable contribution of available-for-sale investment securities to Visa Foundation . . . . . . . . . . . . . . . $\\nAccruals related to purchases of property, equipment, technology and intangible assets . . . . . . . . . . . . . $\\n\\n—\\n—\\n2,285\\n545\\n195\\n77\\n\\n$\\n—\\n$\\n—\\n$ 3,038\\n$ 489\\n$\\n—\\n$\\n50\\n\\n$ 5,717\\n$ 1,236\\n$ 2,842\\n$ 244\\n$\\n—\\n$\\n42\\n\\nInvesting Activities\\nPurchases of property, equipment, technology and intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProceeds from sales of property, equipment and technology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInvestment securities, available-for-sale:\\nPurchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProceeds from maturities and sales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAcquisitions, net of cash received . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPurchases of / contributions to other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProceeds / distributions from other investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nNet cash (used in) provided by investing activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nFinancing Activities\\nRepurchase of class A common stock (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nRepayments of long-term debt (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nTreasury stock—class C common stock (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDividends paid (Note 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProceeds from issuance of senior notes (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDebt issuance costs (Note 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nDeposit into U.S. litigation escrow account—U.S. retrospective responsibility plan (Note 2 and\\nNote 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nPayments from U.S. litigation escrow account—U.S. retrospective responsibility plan (Note 2 and\\nNote 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nCash proceeds from issuance of common stock under employee equity plans . . . . . . . . . . . . . . . . . . . . .\\nRestricted stock and performance-based shares settled in cash for taxes . . . . . . . . . . . . . . . . . . . . . . . . .\\nExcess tax benefit for share-based compensation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\nSee accompanying notes, which are an integral part of these consolidated financial statements.\\n\\n71\"},\"name\":\"fintabnet.V_2018_page_83__200dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":249599,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:V_2018\",\"dpi\":200,\"gt_sha256\":\"b10c1744438eead2035d44af8bd357c633e8d753b6fb4587f60f139cf19c204b\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 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(2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"WBA_2019_page_39\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:WBA_2019\",\"ground_truth\":{\"blocks\":[{\"bbox\":[73.5,72.5,319.6,81.7],\"lines\":[{\"bbox\":[73.5,72.5,319.6,81.7],\"text\":\"The following is a breakdown of the Company’s retail stores:\"}],\"order\":0,\"text\":\"The following is a breakdown of the Company’s retail stores:\"},{\"bbox\":[487.1,94.1,529.5,101.3],\"lines\":[{\"bbox\":[487.1,94.1,529.5,101.3],\"text\":\"Retail stores\"}],\"order\":1,\"text\":\"Retail stores\"},{\"bbox\":[73.5,108.7,170.7,153.9],\"lines\":[{\"bbox\":[73.5,108.7,165.3,117.9],\"text\":\"Retail Pharmacy USA:\"},{\"bbox\":[93.5,120.7,147.1,129.9],\"text\":\"United States\"},{\"bbox\":[93.5,132.7,141.0,141.9],\"text\":\"Puerto Rico\"},{\"bbox\":[93.5,144.7,170.7,153.9],\"text\":\"U.S. Virgin Islands\"}],\"order\":2,\"text\":\"Retail Pharmacy USA:\\nUnited States\\nPuerto Rico\\nU.S. Virgin Islands\"},{\"bbox\":[507.0,120.7,529.5,153.9],\"lines\":[{\"bbox\":[507.0,120.7,529.5,129.9],\"text\":\"9,168\"},{\"bbox\":[514.5,132.7,529.5,141.9],\"text\":\"108\"},{\"bbox\":[524.5,144.7,529.5,153.9],\"text\":\"1\"}],\"order\":3,\"text\":\"9,168\\n108\\n1\"},{\"bbox\":[507.0,160.7,529.5,169.9],\"lines\":[{\"bbox\":[507.0,160.7,529.5,169.9],\"text\":\"9,277\"}],\"order\":4,\"text\":\"9,277\"},{\"bbox\":[73.5,176.7,196.4,281.9],\"lines\":[{\"bbox\":[73.5,176.7,196.4,185.9],\"text\":\"Retail Pharmacy International:\"},{\"bbox\":[93.5,188.7,161.0,197.9],\"text\":\"United Kingdom\"},{\"bbox\":[93.5,200.7,124.0,209.9],\"text\":\"Mexico\"},{\"bbox\":[93.5,212.7,115.2,221.9],\"text\":\"Chile\"},{\"bbox\":[93.5,224.7,129.1,233.9],\"text\":\"Thailand\"},{\"bbox\":[93.5,236.7,125.7,245.9],\"text\":\"Norway\"},{\"bbox\":[93.5,248.7,189.4,257.9],\"text\":\"The Republic of Ireland\"},{\"bbox\":[93.5,260.7,159.9,269.9],\"text\":\"The Netherlands\"},{\"bbox\":[93.5,272.7,131.8,281.9],\"text\":\"Lithuania\"}],\"order\":5,\"text\":\"Retail Pharmacy International:\\nUnited Kingdom\\nMexico\\nChile\\nThailand\\nNorway\\nThe Republic of Ireland\\nThe Netherlands\\nLithuania\"},{\"bbox\":[507.0,188.7,529.5,281.9],\"lines\":[{\"bbox\":[507.0,188.7,529.5,197.9],\"text\":\"2,465\"},{\"bbox\":[507.0,200.7,529.5,209.9],\"text\":\"1,174\"},{\"bbox\":[514.5,212.7,529.5,221.9],\"text\":\"341\"},{\"bbox\":[514.5,224.7,529.5,233.9],\"text\":\"293\"},{\"bbox\":[514.5,236.7,529.5,245.9],\"text\":\"159\"},{\"bbox\":[519.5,248.7,529.5,257.9],\"text\":\"87\"},{\"bbox\":[519.5,260.7,529.5,269.9],\"text\":\"59\"},{\"bbox\":[519.5,272.7,529.5,281.9],\"text\":\"27\"}],\"order\":6,\"text\":\"2,465\\n1,174\\n341\\n293\\n159\\n87\\n59\\n27\"},{\"bbox\":[507.0,288.7,529.5,297.9],\"lines\":[{\"bbox\":[507.0,288.7,529.5,297.9],\"text\":\"4,605\"}],\"order\":7,\"text\":\"4,605\"},{\"bbox\":[73.5,304.7,205.0,313.8],\"lines\":[{\"bbox\":[73.5,304.7,205.0,313.8],\"text\":\"Walgreens Boots Alliance total\"}],\"order\":8,\"text\":\"Walgreens Boots Alliance total\"},{\"bbox\":[502.0,304.7,529.5,313.8],\"lines\":[{\"bbox\":[502.0,304.7,529.5,313.8],\"text\":\"13,882\"}],\"order\":9,\"text\":\"13,882\"},{\"bbox\":[73.5,334.9,520.5,404.1],\"lines\":[{\"bbox\":[73.5,334.9,502.6,344.1],\"text\":\"The Company operated 21 retail distribution centers with a total of approximately 14 million square feet of\"},{\"bbox\":[73.5,346.9,520.5,356.1],\"text\":\"space, of which 13 locations were owned. Geographically, 16 of these retail distribution centers were located in\"},{\"bbox\":[73.5,358.9,499.4,368.1],\"text\":\"the United States and five were located outside of the United States. In addition, the Company used public\"},{\"bbox\":[73.5,370.9,492.8,380.1],\"text\":\"warehouses and third-party distributors to handle certain retail distribution needs. The Company’s Retail\"},{\"bbox\":[73.5,382.9,508.6,392.1],\"text\":\"Pharmacy USA division also operated two prescription mail service facilities which occupied approximately\"},{\"bbox\":[73.5,394.9,415.7,404.1],\"text\":\"263 thousand square feet. One of these prescription mail service facilities was leased.\"}],\"order\":10,\"text\":\"The Company operated 21 retail distribution centers with a total of approximately 14 million square feet of\\nspace, of which 13 locations were owned. Geographically, 16 of these retail distribution centers were located in\\nthe United States and five were located outside of the United States. In addition, the Company used public\\nwarehouses and third-party distributors to handle certain retail distribution needs. The Company’s Retail\\nPharmacy USA division also operated two prescription mail service facilities which occupied approximately\\n263 thousand square feet. One of these prescription mail service facilities was leased.\"},{\"bbox\":[73.5,419.1,518.1,464.3],\"lines\":[{\"bbox\":[73.5,419.1,513.3,428.3],\"text\":\"The Company operated 300 pharmaceutical distribution centers located outside of the United States, of which\"},{\"bbox\":[73.5,431.1,518.1,440.3],\"text\":\"116 were owned. These pharmaceutical distribution centers occupied approximately 14 million square feet and\"},{\"bbox\":[73.5,443.1,511.7,452.3],\"text\":\"were operated by the Pharmaceutical Wholesale division, which supplied third-party customers as well as the\"},{\"bbox\":[73.5,455.1,310.3,464.3],\"text\":\"Retail Pharmacy International division in certain countries.\"}],\"order\":11,\"text\":\"The Company operated 300 pharmaceutical distribution centers located outside of the United States, of which\\n116 were owned. These pharmaceutical distribution centers occupied approximately 14 million square feet and\\nwere operated by the Pharmaceutical Wholesale division, which supplied third-party customers as well as the\\nRetail Pharmacy International division in certain countries.\"},{\"bbox\":[73.5,479.3,522.9,500.5],\"lines\":[{\"bbox\":[73.5,479.3,522.9,488.5],\"text\":\"The Company operated 22 principal office facilities, which occupied approximately 2.5 million square feet. Ten\"},{\"bbox\":[73.5,491.3,469.0,500.5],\"text\":\"of these principal office facilities were owned, and two of which were located in the United States.\"}],\"order\":12,\"text\":\"The Company operated 22 principal office facilities, which occupied approximately 2.5 million square feet. Ten\\nof these principal office facilities were owned, and two of which were located in the United States.\"},{\"bbox\":[73.5,521.6,183.6,530.6],\"lines\":[{\"bbox\":[73.5,521.6,183.6,530.6],\"text\":\"Item 3. Legal proceedings\"}],\"order\":13,\"text\":\"Item 3. Legal proceedings\"},{\"bbox\":[73.5,539.7,484.8,560.9],\"lines\":[{\"bbox\":[73.5,539.7,484.8,548.9],\"text\":\"The information in response to this item is included in note 10, commitments and contingencies, to the\"},{\"bbox\":[73.5,551.7,397.7,560.9],\"text\":\"Consolidated Financial Statements included in part II, item 8, of this Form 10-K.\"}],\"order\":14,\"text\":\"The information in response to this item is included in note 10, commitments and contingencies, to the\\nConsolidated Financial Statements included in part II, item 8, of this Form 10-K.\"},{\"bbox\":[73.5,575.9,524.7,645.1],\"lines\":[{\"bbox\":[73.5,575.9,521.6,585.1],\"text\":\"Item 103 of SEC Regulation S-K requires disclosure of environmental legal proceedings with, or any such legal\"},{\"bbox\":[73.5,587.9,524.5,597.1],\"text\":\"proceedings known to be contemplated by, a governmental authority if management reasonably believes that the\"},{\"bbox\":[73.5,599.9,520.3,609.1],\"text\":\"proceedings involve potential monetary sanctions of $100,000 or more. The Company is under investigation by\"},{\"bbox\":[73.5,611.9,524.5,621.1],\"text\":\"certain counties within the State of California for alleged noncompliance with state hazardous waste regulations.\"},{\"bbox\":[73.5,623.9,524.7,633.1],\"text\":\"Although we cannot predict the outcome of this matter, we do not expect the outcome to have a material adverse\"},{\"bbox\":[73.5,635.9,390.2,645.1],\"text\":\"effect on our prospects, financial condition, results of operations or cash flows.\"}],\"order\":15,\"text\":\"Item 103 of SEC Regulation S-K requires disclosure of environmental legal proceedings with, or any such legal\\nproceedings known to be contemplated by, a governmental authority if management reasonably believes that the\\nproceedings involve potential monetary sanctions of $100,000 or more. The Company is under investigation by\\ncertain counties within the State of California for alleged noncompliance with state hazardous waste regulations.\\nAlthough we cannot predict the outcome of this matter, we do not expect the outcome to have a material adverse\\neffect on our prospects, financial condition, results of operations or cash flows.\"},{\"bbox\":[73.5,666.2,205.0,675.2],\"lines\":[{\"bbox\":[73.5,666.2,205.0,675.2],\"text\":\"Item 4. Mine safety disclosures\"}],\"order\":16,\"text\":\"Item 4. Mine safety disclosures\"},{\"bbox\":[73.5,684.3,134.6,693.5],\"lines\":[{\"bbox\":[73.5,684.3,134.6,693.5],\"text\":\"Not applicable.\"}],\"order\":17,\"text\":\"Not applicable.\"},{\"bbox\":[290.6,708.5,312.3,717.7],\"lines\":[{\"bbox\":[290.6,708.5,312.3,717.7],\"text\":\"- 35 -\"}],\"order\":18,\"text\":\"- 35 -\"}],\"doc\":\"fintabnet:WBA_2019\",\"dpi\":72,\"image_px\":[603,783],\"layout\":[],\"markdown\":\"The following is a breakdown of the Company’s retail stores:\\n\\nRetail stores\\n\\nRetail Pharmacy USA:\\nUnited States\\nPuerto Rico\\nU.S. Virgin Islands\\n\\n9,168\\n108\\n1\\n\\n9,277\\n\\nRetail Pharmacy International:\\nUnited Kingdom\\nMexico\\nChile\\nThailand\\nNorway\\nThe Republic of Ireland\\nThe Netherlands\\nLithuania\\n\\n2,465\\n1,174\\n341\\n293\\n159\\n87\\n59\\n27\\n\\n4,605\\n\\nWalgreens Boots Alliance total\\n\\n13,882\\n\\nThe Company operated 21 retail distribution centers with a total of approximately 14 million square feet of\\nspace, of which 13 locations were owned. Geographically, 16 of these retail distribution centers were located in\\nthe United States and five were located outside of the United States. In addition, the Company used public\\nwarehouses and third-party distributors to handle certain retail distribution needs. The Company’s Retail\\nPharmacy USA division also operated two prescription mail service facilities which occupied approximately\\n263 thousand square feet. One of these prescription mail service facilities was leased.\\n\\nThe Company operated 300 pharmaceutical distribution centers located outside of the United States, of which\\n116 were owned. These pharmaceutical distribution centers occupied approximately 14 million square feet and\\nwere operated by the Pharmaceutical Wholesale division, which supplied third-party customers as well as the\\nRetail Pharmacy International division in certain countries.\\n\\nThe Company operated 22 principal office facilities, which occupied approximately 2.5 million square feet. Ten\\nof these principal office facilities were owned, and two of which were located in the United States.\\n\\nItem 3. Legal proceedings\\n\\nThe information in response to this item is included in note 10, commitments and contingencies, to the\\nConsolidated Financial Statements included in part II, item 8, of this Form 10-K.\\n\\nItem 103 of SEC Regulation S-K requires disclosure of environmental legal proceedings with, or any such legal\\nproceedings known to be contemplated by, a governmental authority if management reasonably believes that the\\nproceedings involve potential monetary sanctions of $100,000 or more. The Company is under investigation by\\ncertain counties within the State of California for alleged noncompliance with state hazardous waste regulations.\\nAlthough we cannot predict the outcome of this matter, we do not expect the outcome to have a material adverse\\neffect on our prospects, financial condition, results of operations or cash flows.\\n\\nItem 4. Mine safety disclosures\\n\\nNot applicable.\\n\\n- 35 -\",\"name\":\"fintabnet.WBA_2019_page_39__72dpi_none\",\"page_id\":\"fintabnet.WBA_2019_page_39\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"WBA_2019_page_39\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[73.5,92.3,529.5,313.9],\"block_orders\":[1,2,3,4,5,6,7,8,9],\"cells\":null}],\"text\":\"The following is a breakdown of the Company’s retail stores:\\n\\nRetail stores\\n\\nRetail Pharmacy USA:\\nUnited States\\nPuerto Rico\\nU.S. Virgin Islands\\n\\n9,168\\n108\\n1\\n\\n9,277\\n\\nRetail Pharmacy International:\\nUnited Kingdom\\nMexico\\nChile\\nThailand\\nNorway\\nThe Republic of Ireland\\nThe Netherlands\\nLithuania\\n\\n2,465\\n1,174\\n341\\n293\\n159\\n87\\n59\\n27\\n\\n4,605\\n\\nWalgreens Boots Alliance total\\n\\n13,882\\n\\nThe Company operated 21 retail distribution centers with a total of approximately 14 million square feet of\\nspace, of which 13 locations were owned. Geographically, 16 of these retail distribution centers were located in\\nthe United States and five were located outside of the United States. In addition, the Company used public\\nwarehouses and third-party distributors to handle certain retail distribution needs. The Company’s Retail\\nPharmacy USA division also operated two prescription mail service facilities which occupied approximately\\n263 thousand square feet. One of these prescription mail service facilities was leased.\\n\\nThe Company operated 300 pharmaceutical distribution centers located outside of the United States, of which\\n116 were owned. These pharmaceutical distribution centers occupied approximately 14 million square feet and\\nwere operated by the Pharmaceutical Wholesale division, which supplied third-party customers as well as the\\nRetail Pharmacy International division in certain countries.\\n\\nThe Company operated 22 principal office facilities, which occupied approximately 2.5 million square feet. Ten\\nof these principal office facilities were owned, and two of which were located in the United States.\\n\\nItem 3. Legal proceedings\\n\\nThe information in response to this item is included in note 10, commitments and contingencies, to the\\nConsolidated Financial Statements included in part II, item 8, of this Form 10-K.\\n\\nItem 103 of SEC Regulation S-K requires disclosure of environmental legal proceedings with, or any such legal\\nproceedings known to be contemplated by, a governmental authority if management reasonably believes that the\\nproceedings involve potential monetary sanctions of $100,000 or more. The Company is under investigation by\\ncertain counties within the State of California for alleged noncompliance with state hazardous waste regulations.\\nAlthough we cannot predict the outcome of this matter, we do not expect the outcome to have a material adverse\\neffect on our prospects, financial condition, results of operations or cash flows.\\n\\nItem 4. Mine safety disclosures\\n\\nNot applicable.\\n\\n- 35 -\"},\"name\":\"fintabnet.WBA_2019_page_39__72dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":37113,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:WBA_2019\",\"dpi\":72,\"gt_sha256\":\"b8593e8fd39c2cb49a864e66ff7c5579fb74a0dfcb38bd3a16a05be1f8ea6965\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.WBA_2019_page_39__72dpi_none\",\"page\":1,\"page_id\":\"fintabnet.WBA_2019_page_39\",\"pdf_sha256\":\"ca31dcd7b7524c4847019f1dcea6b3870f4acf24e2b26fe6f952c25697660120\",\"px\":[603,783],\"scan\":{\"render\":\"0000000030043804300438003c043ffc3ffc3ffc38003ff83ffc3c0000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"WBA_2019_page_39\",\"src\":{\"file_sha256\":\"6437ce0be4ecc16ce0ef26f77b10a63bc5de8e6d0a626159ed4835c4f9979ebb\",\"render\":\"0000000030043804200438043c043ffc3ffc3ffc38003ff83ffc3c0000000000\",\"text\":\"f56e49b94b907be319c0d6b38c4ae6a3534c2c241fadd5339924377fe7730266\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"ca31dcd7b7524c4847019f1dcea6b3870f4acf24e2b26fe6f952c25697660120\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/ca31dcd7b7524c4847019f1dcea6b3870f4acf24e2b26fe6f952c25697660120.pdf","asset_sha256":"ca31dcd7b7524c4847019f1dcea6b3870f4acf24e2b26fe6f952c25697660120","document_id":"fintabnet:WBA_2019","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"WBA_2019_page_39\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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For\"},{\"bbox\":[1287.5,641.3,2261.8,673.6],\"text\":\"restricted stock units granted in 2008 that continue to vest\"},{\"bbox\":[1287.5,691.3,2301.3,723.6],\"text\":\"following the termination of employment, we record the share-\"},{\"bbox\":[1287.5,741.3,2275.3,773.6],\"text\":\"based compensation expense over a required service period\"},{\"bbox\":[1287.5,791.3,2288.0,823.6],\"text\":\"that is less than the stated vesting period. For all other grant\"},{\"bbox\":[1287.5,841.3,2254.4,873.6],\"text\":\"years, following termination of employment, we reverse the\"},{\"bbox\":[1287.5,891.3,2169.2,923.6],\"text\":\"expense related to the unvested portion of the award.\"}],\"order\":8,\"text\":\"We generally record share-based compensation expense for\\nrestricted stock units over the four-year vesting period. For\\nrestricted stock units granted in 2008 that continue to vest\\nfollowing the termination of employment, we record the share-\\nbased compensation expense over a required service period\\nthat is less than the stated vesting period. For all other grant\\nyears, following termination of employment, we reverse the\\nexpense related to the unvested portion of the award.\"},{\"bbox\":[452.3,896.6,619.1,984.3],\"lines\":[{\"bbox\":[506.5,896.6,619.0,921.8],\"text\":\"OPTIONS\"},{\"bbox\":[583.3,927.8,619.0,953.0],\"text\":\"(IN\"},{\"bbox\":[452.3,959.1,619.1,984.3],\"text\":\"THOUSANDS)\"}],\"order\":9,\"text\":\"OPTIONS\\n(IN\\nTHOUSANDS)\"},{\"bbox\":[665.0,865.3,800.9,984.3],\"lines\":[{\"bbox\":[665.0,865.3,800.5,890.5],\"text\":\"WEIGHTED\"},{\"bbox\":[681.2,896.6,800.9,921.8],\"text\":\"AVERAGE\"},{\"bbox\":[677.3,927.8,800.9,953.0],\"text\":\"EXERCISE\"},{\"bbox\":[724.2,959.1,800.8,984.3],\"text\":\"PRICE\"}],\"order\":10,\"text\":\"WEIGHTED\\nAVERAGE\\nEXERCISE\\nPRICE\"},{\"bbox\":[216.7,1017.5,399.0,1142.6],\"lines\":[{\"bbox\":[216.7,1017.5,370.1,1042.6],\"text\":\"Outstanding\"},{\"bbox\":[216.7,1050.8,241.7,1075.9],\"text\":\"at\"},{\"bbox\":[216.7,1084.2,399.0,1109.2],\"text\":\"December 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30,\\n2008\"},{\"bbox\":[522.9,1017.5,619.2,1042.6],\"lines\":[{\"bbox\":[522.9,1017.5,619.2,1042.6],\"text\":\"10,493\"}],\"order\":12,\"text\":\"10,493\"},{\"bbox\":[704.6,1017.5,800.8,1042.6],\"lines\":[{\"bbox\":[704.6,1017.5,800.8,1042.6],\"text\":\"$65.71\"}],\"order\":13,\"text\":\"$65.71\"},{\"bbox\":[216.7,1175.8,317.6,1200.9],\"lines\":[{\"bbox\":[216.7,1175.8,317.6,1200.9],\"text\":\"Granted\"}],\"order\":14,\"text\":\"Granted\"},{\"bbox\":[540.4,1175.8,619.2,1200.9],\"lines\":[{\"bbox\":[540.4,1175.8,619.2,1200.9],\"text\":\"1,505\"}],\"order\":15,\"text\":\"1,505\"},{\"bbox\":[704.6,1175.8,800.8,1200.9],\"lines\":[{\"bbox\":[704.6,1175.8,800.8,1200.9],\"text\":\"$25.29\"}],\"order\":16,\"text\":\"$25.29\"},{\"bbox\":[216.7,1234.2,338.6,1259.2],\"lines\":[{\"bbox\":[216.7,1234.2,338.6,1259.2],\"text\":\"Exercised\"}],\"order\":17,\"text\":\"Exercised\"},{\"bbox\":[592.9,1234.2,627.9,1259.2],\"lines\":[{\"bbox\":[592.9,1234.2,627.9,1259.2],\"text\":\"(1)\"}],\"order\":18,\"text\":\"(1)\"},{\"bbox\":[704.6,1234.2,800.8,1259.2],\"lines\":[{\"bbox\":[704.6,1234.2,800.8,1259.2],\"text\":\"$25.29\"}],\"order\":19,\"text\":\"$25.29\"},{\"bbox\":[1287.5,1175.7,2290.2,1258.0],\"lines\":[{\"bbox\":[1287.5,1175.7,2290.2,1208.0],\"text\":\"The following table shows our restricted stock unit activity for\"},{\"bbox\":[1287.5,1225.7,1388.8,1258.0],\"text\":\"2009.\"}],\"order\":20,\"text\":\"The following table shows our restricted stock unit activity for\\n2009.\"},{\"bbox\":[216.7,1292.5,362.4,1350.9],\"lines\":[{\"bbox\":[216.7,1292.5,362.4,1317.6],\"text\":\"Forfeited or\"},{\"bbox\":[216.7,1325.8,308.8,1350.9],\"text\":\"expired\"}],\"order\":21,\"text\":\"Forfeited or\\nexpired\"},{\"bbox\":[557.9,1292.5,627.9,1317.6],\"lines\":[{\"bbox\":[557.9,1292.5,627.9,1317.6],\"text\":\"(165)\"}],\"order\":22,\"text\":\"(165)\"},{\"bbox\":[704.6,1292.5,800.8,1317.6],\"lines\":[{\"bbox\":[704.6,1292.5,800.8,1317.6],\"text\":\"$58.48\"}],\"order\":23,\"text\":\"$58.48\"},{\"bbox\":[1287.5,1292.6,2224.8,1324.8],\"lines\":[{\"bbox\":[1287.5,1292.6,2224.8,1324.8],\"text\":\"Summary of Nonvested Restricted Stock Units for 2009\"}],\"order\":24,\"text\":\"Summary of Nonvested Restricted Stock Units for 2009\"},{\"bbox\":[216.7,1384.2,399.0,1509.2],\"lines\":[{\"bbox\":[216.7,1384.2,370.1,1409.2],\"text\":\"Outstanding\"},{\"bbox\":[216.7,1417.5,241.7,1442.6],\"text\":\"at\"},{\"bbox\":[216.7,1450.8,399.0,1475.9],\"text\":\"December 31,\"},{\"bbox\":[216.7,1484.2,286.7,1509.2],\"text\":\"2009\"}],\"order\":25,\"text\":\"Outstanding\\nat\\nDecember 31,\\n2009\"},{\"bbox\":[522.9,1384.2,619.2,1409.2],\"lines\":[{\"bbox\":[522.9,1384.2,619.2,1409.2],\"text\":\"11,832\"}],\"order\":26,\"text\":\"11,832\"},{\"bbox\":[704.6,1384.2,800.8,1409.2],\"lines\":[{\"bbox\":[704.6,1384.2,800.8,1409.2],\"text\":\"$60.67\"}],\"order\":27,\"text\":\"$60.67\"},{\"bbox\":[970.8,1384.2,1032.1,1409.2],\"lines\":[{\"bbox\":[970.8,1384.2,1032.1,1409.2],\"text\":\"5.95\"}],\"order\":28,\"text\":\"5.95\"},{\"bbox\":[1179.4,1384.2,1233.3,1409.2],\"lines\":[{\"bbox\":[1179.4,1384.2,1233.3,1409.2],\"text\":\"$—\"}],\"order\":29,\"text\":\"$—\"},{\"bbox\":[216.7,1542.5,398.9,1634.2],\"lines\":[{\"bbox\":[216.7,1542.5,395.7,1567.6],\"text\":\"Exercisable at\"},{\"bbox\":[216.7,1575.8,398.9,1600.9],\"text\":\"December 31,\"},{\"bbox\":[216.7,1609.2,286.7,1634.2],\"text\":\"2009\"}],\"order\":30,\"text\":\"Exercisable at\\nDecember 31,\\n2009\"},{\"bbox\":[540.4,1542.5,619.2,1567.6],\"lines\":[{\"bbox\":[540.4,1542.5,619.2,1567.6],\"text\":\"8,497\"}],\"order\":31,\"text\":\"8,497\"},{\"bbox\":[704.6,1542.5,800.8,1567.6],\"lines\":[{\"bbox\":[704.6,1542.5,800.8,1567.6],\"text\":\"$64.68\"}],\"order\":32,\"text\":\"$64.68\"},{\"bbox\":[970.8,1542.5,1032.1,1567.6],\"lines\":[{\"bbox\":[970.8,1542.5,1032.1,1567.6],\"text\":\"5.07\"}],\"order\":33,\"text\":\"5.07\"},{\"bbox\":[1179.4,1542.5,1233.3,1567.6],\"lines\":[{\"bbox\":[1179.4,1542.5,1233.3,1567.6],\"text\":\"$—\"}],\"order\":34,\"text\":\"$—\"},{\"bbox\":[1287.5,983.6,1415.7,1015.9],\"lines\":[{\"bbox\":[1287.5,983.6,1415.7,1015.9],\"text\":\"Activity\"}],\"order\":35,\"text\":\"Activity\"},{\"bbox\":[1287.5,1054.7,2235.7,1136.9],\"lines\":[{\"bbox\":[1287.5,1054.7,2235.7,1086.9],\"text\":\"We awarded 238,344 restricted stock units at a weighted\"},{\"bbox\":[1287.5,1104.7,1907.3,1136.9],\"text\":\"average fair value of $25.41 in 2009.\"}],\"order\":36,\"text\":\"We awarded 238,344 restricted stock units at a weighted\\naverage fair value of $25.41 in 2009.\"},{\"bbox\":[200.0,1695.1,1199.2,1777.4],\"lines\":[{\"bbox\":[200.0,1695.1,1199.2,1727.4],\"text\":\"The total intrinsic value of stock options exercised during the\"},{\"bbox\":[200.0,1745.1,543.0,1777.4],\"text\":\"last three years was:\"}],\"order\":37,\"text\":\"The total intrinsic value of stock options exercised during the\\nlast three years was:\"},{\"bbox\":[200.0,1816.2,1215.3,1916.4],\"lines\":[{\"bbox\":[200.0,1816.2,1215.3,1866.4],\"text\":\"• $20,000 in 2009, related to the exercise of 1,040 options;\"},{\"bbox\":[200.0,1866.2,1116.3,1916.4],\"text\":\"• $600,000 in 2008, related to the exercise of 68,000\"}],\"order\":38,\"text\":\"• $20,000 in 2009, related to the exercise of 1,040 options;\\n• $600,000 in 2008, related to the exercise of 68,000\"},{\"bbox\":[200.0,1920.1,1206.8,2052.4],\"lines\":[{\"bbox\":[237.5,1920.1,442.2,1952.4],\"text\":\"options; and\"},{\"bbox\":[200.0,1966.2,1206.8,2016.4],\"text\":\"• $131 million in 2007, related to the exercise of 5.6 million\"},{\"bbox\":[237.5,2020.1,370.2,2052.4],\"text\":\"options.\"}],\"order\":39,\"text\":\"options; and\\n• $131 million in 2007, related to the exercise of 5.6 million\\noptions.\"},{\"bbox\":[200.0,2140.9,658.9,2173.2],\"lines\":[{\"bbox\":[200.0,2140.9,658.9,2173.2],\"text\":\"RESTRICTED STOCK UNITS\"}],\"order\":40,\"text\":\"RESTRICTED STOCK UNITS\"},{\"bbox\":[200.0,2203.4,1249.5,2285.7],\"lines\":[{\"bbox\":[200.0,2203.4,1249.5,2235.7],\"text\":\"Through the Plan, we award restricted stock units — grants that\"},{\"bbox\":[200.0,2253.4,1186.3,2285.7],\"text\":\"entitle the holder to shares of our stock as the award vests.\"}],\"order\":41,\"text\":\"Through the Plan, we award restricted stock units — grants that\\nentitle the holder to shares of our stock as the award vests.\"},{\"bbox\":[200.0,2353.4,389.6,2385.7],\"lines\":[{\"bbox\":[200.0,2353.4,389.6,2385.7],\"text\":\"The Details\"}],\"order\":42,\"text\":\"The Details\"},{\"bbox\":[200.0,2428.4,1233.6,2460.7],\"lines\":[{\"bbox\":[200.0,2428.4,1233.6,2460.7],\"text\":\"Our restricted stock units granted in 2007 and 2009 generally:\"}],\"order\":43,\"text\":\"Our restricted stock units granted in 2007 and 2009 generally:\"},{\"bbox\":[200.0,2499.6,1237.9,2599.7],\"lines\":[{\"bbox\":[200.0,2499.6,1003.9,2549.7],\"text\":\"• vest over four years of continuous service; and\"},{\"bbox\":[200.0,2549.6,1237.9,2599.7],\"text\":\"• are forfeited upon termination of employment for any reason,\"}],\"order\":44,\"text\":\"• vest over four years of continuous service; and\\n• are forfeited upon termination of employment for any reason,\"},{\"bbox\":[237.5,2603.4,573.1,2635.7],\"lines\":[{\"bbox\":[237.5,2603.4,573.1,2635.7],\"text\":\"including retirement.\"}],\"order\":45,\"text\":\"including retirement.\"},{\"bbox\":[200.0,2678.4,1060.5,2710.7],\"lines\":[{\"bbox\":[200.0,2678.4,1060.5,2710.7],\"text\":\"Our restricted stock units granted in 2008 generally:\"}],\"order\":46,\"text\":\"Our restricted stock units granted in 2008 generally:\"},{\"bbox\":[200.0,2749.6,1183.5,2935.7],\"lines\":[{\"bbox\":[200.0,2749.6,1003.9,2799.7],\"text\":\"• vest over four years of continuous service; and\"},{\"bbox\":[200.0,2799.6,1183.5,2849.7],\"text\":\"• continue to vest in the event of retirement, including early\"},{\"bbox\":[237.5,2853.4,1179.6,2885.7],\"text\":\"retirement, or upon termination of employment due to job\"},{\"bbox\":[237.5,2903.4,850.0,2935.7],\"text\":\"elimination or the sale of a business.\"}],\"order\":47,\"text\":\"• vest over four years of continuous service; and\\n• continue to vest in the event of retirement, including early\\nretirement, or upon termination of employment due to job\\nelimination or the sale of a business.\"},{\"bbox\":[1912.5,1358.9,2122.4,1415.3],\"lines\":[{\"bbox\":[1934.2,1358.9,2100.7,1384.1],\"text\":\"STOCK UNITS\"},{\"bbox\":[1912.5,1390.1,2122.4,1415.3],\"text\":\"(IN THOUSANDS)\"}],\"order\":48,\"text\":\"STOCK UNITS\\n(IN THOUSANDS)\"},{\"bbox\":[2185.0,1358.9,2328.0,1509.1],\"lines\":[{\"bbox\":[2185.0,1358.9,2320.5,1384.1],\"text\":\"WEIGHTED\"},{\"bbox\":[2201.2,1390.1,2320.9,1415.3],\"text\":\"AVERAGE\"},{\"bbox\":[2232.7,1421.4,2328.0,1446.6],\"text\":\"GRANT-\"},{\"bbox\":[2188.1,1452.6,2320.8,1477.8],\"text\":\"DATE FAIR\"},{\"bbox\":[2240.0,1483.9,2320.9,1509.1],\"text\":\"VALUE\"}],\"order\":49,\"text\":\"WEIGHTED\\nAVERAGE\\nGRANT-\\nDATE FAIR\\nVALUE\"},{\"bbox\":[2070.0,1542.3,2122.5,1567.4],\"lines\":[{\"bbox\":[2070.0,1542.3,2122.5,1567.4],\"text\":\"651\"}],\"order\":50,\"text\":\"651\"},{\"bbox\":[2224.6,1542.3,2320.8,1567.4],\"lines\":[{\"bbox\":[2224.6,1542.3,2320.8,1567.4],\"text\":\"$67.90\"}],\"order\":51,\"text\":\"$67.90\"},{\"bbox\":[1304.2,1600.6,1405.1,1625.7],\"lines\":[{\"bbox\":[1304.2,1600.6,1405.1,1625.7],\"text\":\"Granted\"}],\"order\":52,\"text\":\"Granted\"},{\"bbox\":[2070.0,1600.6,2122.5,1625.7],\"lines\":[{\"bbox\":[2070.0,1600.6,2122.5,1625.7],\"text\":\"238\"}],\"order\":53,\"text\":\"238\"},{\"bbox\":[2224.6,1600.6,2320.8,1625.7],\"lines\":[{\"bbox\":[2224.6,1600.6,2320.8,1625.7],\"text\":\"$25.41\"}],\"order\":54,\"text\":\"$25.41\"},{\"bbox\":[1304.2,1658.9,1392.2,1684.0],\"lines\":[{\"bbox\":[1304.2,1658.9,1392.2,1684.0],\"text\":\"Vested\"}],\"order\":55,\"text\":\"Vested\"},{\"bbox\":[2061.2,1658.9,2131.2,1684.0],\"lines\":[{\"bbox\":[2061.2,1658.9,2131.2,1684.0],\"text\":\"(195)\"}],\"order\":56,\"text\":\"(195)\"},{\"bbox\":[2224.6,1658.9,2320.8,1684.0],\"lines\":[{\"bbox\":[2224.6,1658.9,2320.8,1684.0],\"text\":\"$68.75\"}],\"order\":57,\"text\":\"$68.75\"},{\"bbox\":[1304.2,1542.3,1743.7,1567.4],\"lines\":[{\"bbox\":[1304.2,1542.3,1743.7,1567.4],\"text\":\"Nonvested at December 31, 2008\"}],\"order\":58,\"text\":\"Nonvested at December 31, 2008\"},{\"bbox\":[1304.2,1717.3,1415.6,1742.4],\"lines\":[{\"bbox\":[1304.2,1717.3,1415.6,1742.4],\"text\":\"Forfeited\"}],\"order\":59,\"text\":\"Forfeited\"},{\"bbox\":[2078.7,1717.3,2131.2,1742.4],\"lines\":[{\"bbox\":[2078.7,1717.3,2131.2,1742.4],\"text\":\"(57)\"}],\"order\":60,\"text\":\"(57)\"},{\"bbox\":[2224.6,1717.3,2320.8,1742.4],\"lines\":[{\"bbox\":[2224.6,1717.3,2320.8,1742.4],\"text\":\"$52.57\"}],\"order\":61,\"text\":\"$52.57\"},{\"bbox\":[1304.2,1775.6,1743.7,1800.7],\"lines\":[{\"bbox\":[1304.2,1775.6,1743.7,1800.7],\"text\":\"Nonvested at December 31, 2009\"}],\"order\":62,\"text\":\"Nonvested at December 31, 2009\"},{\"bbox\":[2070.0,1775.6,2122.5,1800.7],\"lines\":[{\"bbox\":[2070.0,1775.6,2122.5,1800.7],\"text\":\"637\"}],\"order\":63,\"text\":\"637\"},{\"bbox\":[2224.6,1775.6,2320.8,1800.7],\"lines\":[{\"bbox\":[2224.6,1775.6,2320.8,1800.7],\"text\":\"$53.06\"}],\"order\":64,\"text\":\"$53.06\"},{\"bbox\":[1287.5,1857.6,2324.0,2039.9],\"lines\":[{\"bbox\":[1287.5,1857.6,2313.2,1889.9],\"text\":\"As restricted stock units vest, a portion of the shares awarded\"},{\"bbox\":[1287.5,1907.6,2324.0,1939.9],\"text\":\"is withheld to cover employee taxes. As a result, the number of\"},{\"bbox\":[1287.5,1957.6,2296.2,1989.9],\"text\":\"stock units vested and the number of common shares issued\"},{\"bbox\":[1287.5,2007.6,1445.7,2039.9],\"text\":\"will differ.\"}],\"order\":65,\"text\":\"As restricted stock units vest, a portion of the shares awarded\\nis withheld to cover employee taxes. As a result, the number of\\nstock units vested and the number of common shares issued\\nwill differ.\"},{\"bbox\":[1287.5,2117.0,1798.9,2149.2],\"lines\":[{\"bbox\":[1287.5,2117.0,1798.9,2149.2],\"text\":\"PERFORMANCE SHARE UNITS\"}],\"order\":66,\"text\":\"PERFORMANCE SHARE UNITS\"},{\"bbox\":[1287.5,2177.4,2331.1,2359.6],\"lines\":[{\"bbox\":[1287.5,2177.4,2236.0,2209.6],\"text\":\"Through the Plan, we awarded performance share units to\"},{\"bbox\":[1287.5,2227.4,2331.1,2259.6],\"text\":\"selected executives and other key employees. These are grants\"},{\"bbox\":[1287.5,2277.4,2284.9,2309.6],\"text\":\"that entitled the holder to shares of our stock if required per-\"},{\"bbox\":[1287.5,2327.4,2138.4,2359.6],\"text\":\"formance targets were met over a three-year period.\"}],\"order\":67,\"text\":\"Through the Plan, we awarded performance share units to\\nselected executives and other key employees. These are grants\\nthat entitled the holder to shares of our stock if required per-\\nformance targets were met over a three-year period.\"},{\"bbox\":[1287.5,2419.7,1477.1,2451.9],\"lines\":[{\"bbox\":[1287.5,2419.7,1477.1,2451.9],\"text\":\"The Details\"}],\"order\":68,\"text\":\"The Details\"},{\"bbox\":[1287.5,2480.1,2310.7,2662.3],\"lines\":[{\"bbox\":[1287.5,2480.1,2310.7,2512.4],\"text\":\"Every grant of performance share units had a target number of\"},{\"bbox\":[1287.5,2530.1,2306.0,2562.3],\"text\":\"shares — with the final number of shares to be awarded rang-\"},{\"bbox\":[1287.5,2580.1,2250.5,2612.3],\"text\":\"ing from 0 percent to 200 percent of the target, depending\"},{\"bbox\":[1287.5,2630.1,1596.3,2662.3],\"text\":\"upon performance.\"}],\"order\":69,\"text\":\"Every grant of performance share units had a target number of\\nshares — with the final number of shares to be awarded rang-\\ning from 0 percent to 200 percent of the target, depending\\nupon performance.\"},{\"bbox\":[1287.5,2701.1,2300.5,2833.4],\"lines\":[{\"bbox\":[1287.5,2701.1,2300.5,2733.4],\"text\":\"Performance targets were based on our financial performance\"},{\"bbox\":[1287.5,2751.1,2273.1,2783.4],\"text\":\"ranking among a selected peer group. The financial perform-\"},{\"bbox\":[1287.5,2801.1,1806.8,2833.4],\"text\":\"ance rankings considered were:\"}],\"order\":70,\"text\":\"Performance targets were based on our financial performance\\nranking among a selected peer group. The financial perform-\\nance rankings considered were:\"},{\"bbox\":[1287.5,2868.3,1731.8,2968.5],\"lines\":[{\"bbox\":[1287.5,2868.3,1731.8,2918.5],\"text\":\"• return on net assets and\"},{\"bbox\":[1287.5,2918.3,1568.7,2968.5],\"text\":\"• cost of capital.\"}],\"order\":71,\"text\":\"• return on net assets and\\n• cost of capital.\"},{\"bbox\":[1362.9,3005.7,2247.8,3029.9],\"lines\":[{\"bbox\":[1362.9,3005.7,2247.8,3029.9],\"text\":\"WEYERHAEUSER COMPANY > 2009 ANNUAL REPORT AND FORM 10-K\"}],\"order\":72,\"text\":\"WEYERHAEUSER COMPANY > 2009 ANNUAL REPORT AND FORM 10-K\"},{\"bbox\":[2293.8,3000.0,2337.5,3031.3],\"lines\":[{\"bbox\":[2293.8,3000.0,2337.5,3031.3],\"text\":\"95\"}],\"order\":73,\"text\":\"95\"}],\"doc\":\"fintabnet:WY_2009\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"Our Accounting\\n\\nIn these cases, we record the share-based compensation\\nexpense over a required service period that is less than the\\nstated vesting period.\\n\\nThe fair value of our restricted stock units is the market price of\\nour stock on the grant date of the awards.\\n\\nActivity\\n\\nIn 2009, we granted 1,504,850 stock options at a weighted\\naverage exercise price of $25.29.\\n\\nStock Option Activity for 2009\\n\\nWEIGHTED\\nAVERAGE\\nREMAINING\\nCONTRACTUAL\\nTERM\\n(IN YEARS)\\n\\nAGGREGATE\\nINTRINSIC\\nVALUE (IN\\nMILLIONS)\\n\\nWe generally record share-based compensation expense for\\nrestricted stock units over the four-year vesting period. For\\nrestricted stock units granted in 2008 that continue to vest\\nfollowing the termination of employment, we record the share-\\nbased compensation expense over a required service period\\nthat is less than the stated vesting period. For all other grant\\nyears, following termination of employment, we reverse the\\nexpense related to the unvested portion of the award.\\n\\nOPTIONS\\n(IN\\nTHOUSANDS)\\n\\nWEIGHTED\\nAVERAGE\\nEXERCISE\\nPRICE\\n\\nOutstanding\\nat\\nDecember 30,\\n2008\\n\\n10,493\\n\\n$65.71\\n\\nGranted\\n\\n1,505\\n\\n$25.29\\n\\nExercised\\n\\n(1)\\n\\n$25.29\\n\\nThe following table shows our restricted stock unit activity for\\n2009.\\n\\nForfeited or\\nexpired\\n\\n(165)\\n\\n$58.48\\n\\nSummary of Nonvested Restricted Stock Units for 2009\\n\\nOutstanding\\nat\\nDecember 31,\\n2009\\n\\n11,832\\n\\n$60.67\\n\\n5.95\\n\\n$—\\n\\nExercisable at\\nDecember 31,\\n2009\\n\\n8,497\\n\\n$64.68\\n\\n5.07\\n\\n$—\\n\\nActivity\\n\\nWe awarded 238,344 restricted stock units at a weighted\\naverage fair value of $25.41 in 2009.\\n\\nThe total intrinsic value of stock options exercised during the\\nlast three years was:\\n\\n• $20,000 in 2009, related to the exercise of 1,040 options;\\n• $600,000 in 2008, related to the exercise of 68,000\\n\\noptions; and\\n• $131 million in 2007, related to the exercise of 5.6 million\\noptions.\\n\\nRESTRICTED STOCK UNITS\\n\\nThrough the Plan, we award restricted stock units — grants that\\nentitle the holder to shares of our stock as the award vests.\\n\\nThe Details\\n\\nOur restricted stock units granted in 2007 and 2009 generally:\\n\\n• vest over four years of continuous service; and\\n• are forfeited upon termination of employment for any reason,\\n\\nincluding retirement.\\n\\nOur restricted stock units granted in 2008 generally:\\n\\n• vest over four years of continuous service; and\\n• continue to vest in the event of retirement, including early\\nretirement, or upon termination of employment due to job\\nelimination or the sale of a business.\\n\\nSTOCK UNITS\\n(IN THOUSANDS)\\n\\nWEIGHTED\\nAVERAGE\\nGRANT-\\nDATE FAIR\\nVALUE\\n\\n651\\n\\n$67.90\\n\\nGranted\\n\\n238\\n\\n$25.41\\n\\nVested\\n\\n(195)\\n\\n$68.75\\n\\nNonvested at December 31, 2008\\n\\nForfeited\\n\\n(57)\\n\\n$52.57\\n\\nNonvested at December 31, 2009\\n\\n637\\n\\n$53.06\\n\\nAs restricted stock units vest, a portion of the shares awarded\\nis withheld to cover employee taxes. As a result, the number of\\nstock units vested and the number of common shares issued\\nwill differ.\\n\\nPERFORMANCE SHARE UNITS\\n\\nThrough the Plan, we awarded performance share units to\\nselected executives and other key employees. These are grants\\nthat entitled the holder to shares of our stock if required per-\\nformance targets were met over a three-year period.\\n\\nThe Details\\n\\nEvery grant of performance share units had a target number of\\nshares — with the final number of shares to be awarded rang-\\ning from 0 percent to 200 percent of the target, depending\\nupon performance.\\n\\nPerformance targets were based on our financial performance\\nranking among a selected peer group. The financial perform-\\nance rankings considered were:\\n\\n• return on net assets and\\n• cost of capital.\\n\\nWEYERHAEUSER COMPANY > 2009 ANNUAL REPORT AND FORM 10-K\\n\\n95\",\"name\":\"fintabnet.WY_2009_page_101__300dpi_none\",\"page_id\":\"fintabnet.WY_2009_page_101\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"WY_2009_page_101\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[216.7,796.9,1233.5,1603.1],\"block_orders\":[6,7,9,10,11,12,13,14,15,16,17,18,19,21,22,23,25,26,27,28,29,30,31,32,33,34],\"cells\":null}],\"text\":\"Our Accounting\\n\\nIn these cases, we record the share-based compensation\\nexpense over a required service period that is less than the\\nstated vesting period.\\n\\nThe fair value of our restricted stock units is the market price of\\nour stock on the grant date of the awards.\\n\\nActivity\\n\\nIn 2009, we granted 1,504,850 stock options at a weighted\\naverage exercise price of $25.29.\\n\\nStock Option Activity for 2009\\n\\nWEIGHTED\\nAVERAGE\\nREMAINING\\nCONTRACTUAL\\nTERM\\n(IN YEARS)\\n\\nAGGREGATE\\nINTRINSIC\\nVALUE (IN\\nMILLIONS)\\n\\nWe generally record share-based compensation expense for\\nrestricted stock units over the four-year vesting period. For\\nrestricted stock units granted in 2008 that continue to vest\\nfollowing the termination of employment, we record the share-\\nbased compensation expense over a required service period\\nthat is less than the stated vesting period. For all other grant\\nyears, following termination of employment, we reverse the\\nexpense related to the unvested portion of the award.\\n\\nOPTIONS\\n(IN\\nTHOUSANDS)\\n\\nWEIGHTED\\nAVERAGE\\nEXERCISE\\nPRICE\\n\\nOutstanding\\nat\\nDecember 30,\\n2008\\n\\n10,493\\n\\n$65.71\\n\\nGranted\\n\\n1,505\\n\\n$25.29\\n\\nExercised\\n\\n(1)\\n\\n$25.29\\n\\nThe following table shows our restricted stock unit activity for\\n2009.\\n\\nForfeited or\\nexpired\\n\\n(165)\\n\\n$58.48\\n\\nSummary of Nonvested Restricted Stock Units for 2009\\n\\nOutstanding\\nat\\nDecember 31,\\n2009\\n\\n11,832\\n\\n$60.67\\n\\n5.95\\n\\n$—\\n\\nExercisable at\\nDecember 31,\\n2009\\n\\n8,497\\n\\n$64.68\\n\\n5.07\\n\\n$—\\n\\nActivity\\n\\nWe awarded 238,344 restricted stock units at a weighted\\naverage fair value of $25.41 in 2009.\\n\\nThe total intrinsic value of stock options exercised during the\\nlast three years was:\\n\\n• $20,000 in 2009, related to the exercise of 1,040 options;\\n• $600,000 in 2008, related to the exercise of 68,000\\n\\noptions; and\\n• $131 million in 2007, related to the exercise of 5.6 million\\noptions.\\n\\nRESTRICTED STOCK UNITS\\n\\nThrough the Plan, we award restricted stock units — grants that\\nentitle the holder to shares of our stock as the award vests.\\n\\nThe Details\\n\\nOur restricted stock units granted in 2007 and 2009 generally:\\n\\n• vest over four years of continuous service; and\\n• are forfeited upon termination of employment for any reason,\\n\\nincluding retirement.\\n\\nOur restricted stock units granted in 2008 generally:\\n\\n• vest over four years of continuous service; and\\n• continue to vest in the event of retirement, including early\\nretirement, or upon termination of employment due to job\\nelimination or the sale of a business.\\n\\nSTOCK UNITS\\n(IN THOUSANDS)\\n\\nWEIGHTED\\nAVERAGE\\nGRANT-\\nDATE FAIR\\nVALUE\\n\\n651\\n\\n$67.90\\n\\nGranted\\n\\n238\\n\\n$25.41\\n\\nVested\\n\\n(195)\\n\\n$68.75\\n\\nNonvested at December 31, 2008\\n\\nForfeited\\n\\n(57)\\n\\n$52.57\\n\\nNonvested at December 31, 2009\\n\\n637\\n\\n$53.06\\n\\nAs restricted stock units vest, a portion of the shares awarded\\nis withheld to cover employee taxes. As a result, the number of\\nstock units vested and the number of common shares issued\\nwill differ.\\n\\nPERFORMANCE SHARE UNITS\\n\\nThrough the Plan, we awarded performance share units to\\nselected executives and other key employees. These are grants\\nthat entitled the holder to shares of our stock if required per-\\nformance targets were met over a three-year period.\\n\\nThe Details\\n\\nEvery grant of performance share units had a target number of\\nshares — with the final number of shares to be awarded rang-\\ning from 0 percent to 200 percent of the target, depending\\nupon performance.\\n\\nPerformance targets were based on our financial performance\\nranking among a selected peer group. The financial perform-\\nance rankings considered were:\\n\\n• return on net assets and\\n• cost of capital.\\n\\nWEYERHAEUSER COMPANY > 2009 ANNUAL REPORT AND FORM 10-K\\n\\n95\"},\"name\":\"fintabnet.WY_2009_page_101__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":390848,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:WY_2009\",\"dpi\":300,\"gt_sha256\":\"792f27d7ca75bf98f38c58f4eef214c3392a16d5bc8c2692c7a68240e1dd599c\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.WY_2009_page_101__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.WY_2009_page_101\",\"pdf_sha256\":\"401ae1c2abf113cc3b05e0918d43bad85c2ccaa91dd64e8fdc1079ea2397b3b6\",\"px\":[2475,3225],\"scan\":{\"render\":\"0000000000007f7c7f80000018fe1efe00062040004000000040004000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"WY_2009_page_101\",\"src\":{\"file_sha256\":\"a17879ae5fc8c93b6238e51e39d2e8b02d417644ddd94e7414768131ff5b95a9\",\"render\":\"0000000000787f7c7f8000001ffe28fe000e2000000000002040004000000000\",\"text\":\"f34d462b6f8712bf37d42288833b60f4b6883d7a6c797ae793c046534edfe78e\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"401ae1c2abf113cc3b05e0918d43bad85c2ccaa91dd64e8fdc1079ea2397b3b6\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/401ae1c2abf113cc3b05e0918d43bad85c2ccaa91dd64e8fdc1079ea2397b3b6.pdf","asset_sha256":"401ae1c2abf113cc3b05e0918d43bad85c2ccaa91dd64e8fdc1079ea2397b3b6","document_id":"fintabnet:WY_2009","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"WY_2009_page_101\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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Dividend-per-share\"},{\"bbox\":[310.5,161.8,547.0,169.6],\"text\":\"data and the range of closing market prices for our common\"},{\"bbox\":[310.5,173.8,536.3,181.6],\"text\":\"stock for each of the four quarters in 2009 and 2008 are\"},{\"bbox\":[310.5,185.8,549.9,193.6],\"text\":\"included in Note 23: Selected Quarterly Financial Information\"},{\"bbox\":[310.5,197.8,544.0,205.6],\"text\":\"(unaudited) of Notes to Consolidated Financial Statements.\"}],\"order\":3,\"text\":\"As of December 31, 2009, there were approximately 10,577\\nholders of record of our common shares. Dividend-per-share\\ndata and the range of closing market prices for our common\\nstock for each of the four quarters in 2009 and 2008 are\\nincluded in Note 23: Selected Quarterly Financial Information\\n(unaudited) of Notes to Consolidated Financial Statements.\"},{\"bbox\":[48.0,214.8,490.3,222.6],\"lines\":[{\"bbox\":[48.0,214.8,490.3,222.6],\"text\":\"INFORMATION ABOUT SECURITIES AUTHORIZED FOR ISSUANCE UNDER OUR EQUITY COMPENSATION PLAN\"}],\"order\":4,\"text\":\"INFORMATION ABOUT SECURITIES AUTHORIZED FOR ISSUANCE UNDER OUR EQUITY COMPENSATION PLAN\"},{\"bbox\":[334.1,246.7,388.9,305.2],\"lines\":[{\"bbox\":[352.3,246.7,388.9,252.7],\"text\":\"NUMBER OF\"},{\"bbox\":[334.1,254.2,388.9,260.2],\"text\":\"SECURITIES TO BE\"},{\"bbox\":[347.4,261.7,388.9,267.7],\"text\":\"ISSUED UPON\"},{\"bbox\":[349.5,269.2,388.9,275.2],\"text\":\"EXERCISE OF\"},{\"bbox\":[345.2,276.7,388.9,282.7],\"text\":\"OUTSTANDING\"},{\"bbox\":[360.1,284.2,388.8,290.2],\"text\":\"OPTIONS,\"},{\"bbox\":[338.3,291.7,388.9,297.7],\"text\":\"WARRANTS AND\"},{\"bbox\":[355.9,299.2,388.9,305.2],\"text\":\"RIGHTS (A)\"}],\"order\":5,\"text\":\"NUMBER OF\\nSECURITIES TO BE\\nISSUED UPON\\nEXERCISE OF\\nOUTSTANDING\\nOPTIONS,\\nWARRANTS AND\\nRIGHTS (A)\"},{\"bbox\":[403.9,261.7,470.0,305.2],\"lines\":[{\"bbox\":[437.4,261.7,469.9,267.7],\"text\":\"WEIGHTED\"},{\"bbox\":[409.9,269.2,470.0,275.2],\"text\":\"AVERAGE EXERCISE\"},{\"bbox\":[441.8,276.7,470.0,282.7],\"text\":\"PRICE OF\"},{\"bbox\":[426.3,284.2,470.0,290.2],\"text\":\"OUTSTANDING\"},{\"bbox\":[403.9,291.7,470.0,297.7],\"text\":\"OPTIONS, WARRANTS\"},{\"bbox\":[421.8,299.2,470.0,305.2],\"text\":\"AND RIGHTS (B)\"}],\"order\":6,\"text\":\"WEIGHTED\\nAVERAGE EXERCISE\\nPRICE OF\\nOUTSTANDING\\nOPTIONS, WARRANTS\\nAND RIGHTS (B)\"},{\"bbox\":[485.0,231.7,557.0,305.2],\"lines\":[{\"bbox\":[520.4,231.7,557.0,237.7],\"text\":\"NUMBER OF\"},{\"bbox\":[521.6,239.2,556.9,245.2],\"text\":\"SECURITIES\"},{\"bbox\":[486.5,246.7,557.0,252.7],\"text\":\"REMAINING AVAILABLE\"},{\"bbox\":[486.8,254.2,557.0,260.2],\"text\":\"FOR FUTURE ISSUANCE\"},{\"bbox\":[512.2,261.7,557.0,267.7],\"text\":\"UNDER EQUITY\"},{\"bbox\":[485.6,269.2,557.0,275.2],\"text\":\"COMPENSATION PLANS\"},{\"bbox\":[519.9,276.7,557.0,282.7],\"text\":\"(EXCLUDING\"},{\"bbox\":[485.0,284.2,557.0,290.2],\"text\":\"SECURITIES REFLECTED\"},{\"bbox\":[510.0,291.7,557.0,297.7],\"text\":\"IN COLUMN (A))\"},{\"bbox\":[548.6,299.2,557.0,305.2],\"text\":\"(C)\"}],\"order\":7,\"text\":\"NUMBER OF\\nSECURITIES\\nREMAINING AVAILABLE\\nFOR FUTURE ISSUANCE\\nUNDER EQUITY\\nCOMPENSATION PLANS\\n(EXCLUDING\\nSECURITIES REFLECTED\\nIN COLUMN (A))\\n(C)\"},{\"bbox\":[52.0,311.1,235.4,317.2],\"lines\":[{\"bbox\":[52.0,311.1,235.4,317.2],\"text\":\"Equity compensation plans approved by security holders (1)(2)\"}],\"order\":8,\"text\":\"Equity compensation plans approved by security holders (1)(2)\"},{\"bbox\":[351.1,311.2,388.9,317.2],\"lines\":[{\"bbox\":[351.1,311.2,388.9,317.2],\"text\":\"13,441,421\"}],\"order\":9,\"text\":\"13,441,421\"},{\"bbox\":[446.9,311.2,470.0,317.2],\"lines\":[{\"bbox\":[446.9,311.2,470.0,317.2],\"text\":\"$60.78\"}],\"order\":10,\"text\":\"$60.78\"},{\"bbox\":[523.4,311.2,557.0,317.2],\"lines\":[{\"bbox\":[523.4,311.2,557.0,317.2],\"text\":\"5,476,793\"}],\"order\":11,\"text\":\"5,476,793\"},{\"bbox\":[52.0,323.2,236.3,329.2],\"lines\":[{\"bbox\":[52.0,323.2,236.3,329.2],\"text\":\"Equity compensation plans not approved by security holders\"}],\"order\":12,\"text\":\"Equity compensation plans not approved by security holders\"},{\"bbox\":[376.7,323.2,388.9,329.2],\"lines\":[{\"bbox\":[376.7,323.2,388.9,329.2],\"text\":\"N/A\"}],\"order\":13,\"text\":\"N/A\"},{\"bbox\":[457.8,323.2,470.0,329.2],\"lines\":[{\"bbox\":[457.8,323.2,470.0,329.2],\"text\":\"N/A\"}],\"order\":14,\"text\":\"N/A\"},{\"bbox\":[544.8,323.2,557.0,329.2],\"lines\":[{\"bbox\":[544.8,323.2,557.0,329.2],\"text\":\"N/A\"}],\"order\":15,\"text\":\"N/A\"},{\"bbox\":[351.1,335.2,388.9,341.2],\"lines\":[{\"bbox\":[351.1,335.2,388.9,341.2],\"text\":\"13,441,421\"}],\"order\":16,\"text\":\"13,441,421\"},{\"bbox\":[446.9,335.2,470.0,341.2],\"lines\":[{\"bbox\":[446.9,335.2,470.0,341.2],\"text\":\"$60.78\"}],\"order\":17,\"text\":\"$60.78\"},{\"bbox\":[523.4,335.2,557.0,341.2],\"lines\":[{\"bbox\":[523.4,335.2,557.0,341.2],\"text\":\"5,476,793\"}],\"order\":18,\"text\":\"5,476,793\"},{\"bbox\":[52.0,335.2,67.8,341.2],\"lines\":[{\"bbox\":[52.0,335.2,67.8,341.2],\"text\":\"Total\"}],\"order\":19,\"text\":\"Total\"},{\"bbox\":[52.0,348.9,551.1,375.0],\"lines\":[{\"bbox\":[52.0,348.9,551.1,354.0],\"text\":\"(1) Includes 214,492 performance share units at the maximum award level. 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All\\ncommon stock purchases under the program were made in open market transactions.\"},{\"bbox\":[327.1,721.4,539.5,727.2],\"lines\":[{\"bbox\":[327.1,721.4,539.5,727.2],\"text\":\"WEYERHAEUSER COMPANY > 2009 ANNUAL REPORT AND FORM 10-K\"}],\"order\":53,\"text\":\"WEYERHAEUSER COMPANY > 2009 ANNUAL REPORT AND FORM 10-K\"},{\"bbox\":[550.5,720.0,561.0,727.5],\"lines\":[{\"bbox\":[550.5,720.0,561.0,727.5],\"text\":\"27\"}],\"order\":54,\"text\":\"27\"}],\"doc\":\"fintabnet:WY_2009\",\"dpi\":72,\"image_px\":[594,774],\"layout\":[],\"markdown\":\"MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED\\nSTOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY\\nSECURITIES\\n\\nOur common stock trades on the following exchanges under the\\nsymbol WY:\\n\\n• New York Stock Exchange and\\n• Chicago Stock Exchange\\n\\nAs of December 31, 2009, there were approximately 10,577\\nholders of record of our common shares. Dividend-per-share\\ndata and the range of closing market prices for our common\\nstock for each of the four quarters in 2009 and 2008 are\\nincluded in Note 23: Selected Quarterly Financial Information\\n(unaudited) of Notes to Consolidated Financial Statements.\\n\\nINFORMATION ABOUT SECURITIES AUTHORIZED FOR ISSUANCE UNDER OUR EQUITY COMPENSATION PLAN\\n\\nNUMBER OF\\nSECURITIES TO BE\\nISSUED UPON\\nEXERCISE OF\\nOUTSTANDING\\nOPTIONS,\\nWARRANTS AND\\nRIGHTS (A)\\n\\nWEIGHTED\\nAVERAGE EXERCISE\\nPRICE OF\\nOUTSTANDING\\nOPTIONS, WARRANTS\\nAND RIGHTS (B)\\n\\nNUMBER OF\\nSECURITIES\\nREMAINING AVAILABLE\\nFOR FUTURE ISSUANCE\\nUNDER EQUITY\\nCOMPENSATION PLANS\\n(EXCLUDING\\nSECURITIES REFLECTED\\nIN COLUMN (A))\\n(C)\\n\\nEquity compensation plans approved by security holders (1)(2)\\n\\n13,441,421\\n\\n$60.78\\n\\n5,476,793\\n\\nEquity compensation plans not approved by security holders\\n\\nN/A\\n\\nN/A\\n\\nN/A\\n\\n13,441,421\\n\\n$60.78\\n\\n5,476,793\\n\\nTotal\\n\\n(1) Includes 214,492 performance share units at the maximum award level. Because there is no exercise price associated with performance share units, such share units are not included in\\nthe weighted average price calculation.\\n(2) Includes 636,806 restricted stock units. Because there is no exercise price associated with restricted stock units, such stock units are not included in the weighted average price\\ncalculation.\\n\\nINFORMATION ABOUT COMMON STOCK REPURCHASES DURING 2009 (1)\\n\\nMAXIMUM NUMBER (OR\\nAPPROXIMATE\\nDOLLAR VALUE)\\nOF SHARES\\n(OR UNITS) THAT MAY\\nYET BE PURCHASED\\nUNDER THE\\nPLANS OR PROGRAMS (D)\\n\\nTOTAL\\nNUMBER OF\\nSHARES\\n(OR UNITS)\\nPURCHASED (A)\\n\\nAVERAGE\\nPRICE PAID\\nPER SHARE (OR\\nUNIT) (B)\\n\\nTOTAL NUMBER OF\\nSHARES (OR UNITS)\\nPURCHASED\\nAS PART OF\\nPUBLICLY\\nANNOUNCED\\nPLANS OR\\nPROGRAMS (C)\\n\\nJanuary\\n\\n66,691\\n\\n$27.85\\n\\n66,691\\n\\n$248,142,704\\n\\nFebruary\\n\\n—\\n\\nN/A\\n\\n66,691\\n\\n$248,142,704\\n\\nMarch\\n\\n—\\n\\nN/A\\n\\n66,691\\n\\n$248,142,704\\n\\nTotal repurchases during first quarter\\n\\n66,691\\n\\n$27.85\\n\\n66,691\\n\\n$248,142,704\\n\\nTotal common stock repurchases during 2009\\n\\n66,691\\n\\n$27.85\\n\\n66,691\\n\\n$248,142,704\\n\\nCommon Stock Repurchases During First Quarter:\\n\\n(1) On December 19, 2008, we announced a stock repurchase program under which we are authorized by the Board of Directors to repurchase up to $250 million of our common stock. All\\ncommon stock purchases under the program were made in open market transactions.\\n\\nWEYERHAEUSER COMPANY > 2009 ANNUAL REPORT AND FORM 10-K\\n\\n27\",\"name\":\"fintabnet.WY_2009_page_33__72dpi_none\",\"page_id\":\"fintabnet.WY_2009_page_33\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"WY_2009_page_33\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[52.0,230.3,557.0,341.8],\"block_orders\":[5,6,7,8,9,10,11,12,13,14,15,16,17,18,19],\"cells\":null},{\"bbox\":[52.0,404.3,557.0,536.7],\"block_orders\":[22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,40,41,42,43,44,45,46,47,48,49,50,51],\"cells\":null}],\"text\":\"MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED\\nSTOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY\\nSECURITIES\\n\\nOur common stock trades on the following exchanges under the\\nsymbol WY:\\n\\n• New York Stock Exchange and\\n• Chicago Stock Exchange\\n\\nAs of December 31, 2009, there were approximately 10,577\\nholders of record of our common shares. Dividend-per-share\\ndata and the range of closing market prices for our common\\nstock for each of the four quarters in 2009 and 2008 are\\nincluded in Note 23: Selected Quarterly Financial Information\\n(unaudited) of Notes to Consolidated Financial Statements.\\n\\nINFORMATION ABOUT SECURITIES AUTHORIZED FOR ISSUANCE UNDER OUR EQUITY COMPENSATION PLAN\\n\\nNUMBER OF\\nSECURITIES TO BE\\nISSUED UPON\\nEXERCISE OF\\nOUTSTANDING\\nOPTIONS,\\nWARRANTS AND\\nRIGHTS (A)\\n\\nWEIGHTED\\nAVERAGE EXERCISE\\nPRICE OF\\nOUTSTANDING\\nOPTIONS, WARRANTS\\nAND RIGHTS (B)\\n\\nNUMBER OF\\nSECURITIES\\nREMAINING AVAILABLE\\nFOR FUTURE ISSUANCE\\nUNDER EQUITY\\nCOMPENSATION PLANS\\n(EXCLUDING\\nSECURITIES REFLECTED\\nIN COLUMN (A))\\n(C)\\n\\nEquity compensation plans approved by security holders (1)(2)\\n\\n13,441,421\\n\\n$60.78\\n\\n5,476,793\\n\\nEquity compensation plans not approved by security holders\\n\\nN/A\\n\\nN/A\\n\\nN/A\\n\\n13,441,421\\n\\n$60.78\\n\\n5,476,793\\n\\nTotal\\n\\n(1) Includes 214,492 performance share units at the maximum award level. Because there is no exercise price associated with performance share units, such share units are not included in\\nthe weighted average price calculation.\\n(2) Includes 636,806 restricted stock units. Because there is no exercise price associated with restricted stock units, such stock units are not included in the weighted average price\\ncalculation.\\n\\nINFORMATION ABOUT COMMON STOCK REPURCHASES DURING 2009 (1)\\n\\nMAXIMUM NUMBER (OR\\nAPPROXIMATE\\nDOLLAR VALUE)\\nOF SHARES\\n(OR UNITS) THAT MAY\\nYET BE PURCHASED\\nUNDER THE\\nPLANS OR PROGRAMS (D)\\n\\nTOTAL\\nNUMBER OF\\nSHARES\\n(OR UNITS)\\nPURCHASED (A)\\n\\nAVERAGE\\nPRICE PAID\\nPER SHARE (OR\\nUNIT) (B)\\n\\nTOTAL NUMBER OF\\nSHARES (OR UNITS)\\nPURCHASED\\nAS PART OF\\nPUBLICLY\\nANNOUNCED\\nPLANS OR\\nPROGRAMS (C)\\n\\nJanuary\\n\\n66,691\\n\\n$27.85\\n\\n66,691\\n\\n$248,142,704\\n\\nFebruary\\n\\n—\\n\\nN/A\\n\\n66,691\\n\\n$248,142,704\\n\\nMarch\\n\\n—\\n\\nN/A\\n\\n66,691\\n\\n$248,142,704\\n\\nTotal repurchases during first quarter\\n\\n66,691\\n\\n$27.85\\n\\n66,691\\n\\n$248,142,704\\n\\nTotal common stock repurchases during 2009\\n\\n66,691\\n\\n$27.85\\n\\n66,691\\n\\n$248,142,704\\n\\nCommon Stock Repurchases During First Quarter:\\n\\n(1) On December 19, 2008, we announced a stock repurchase program under which we are authorized by the Board of Directors to repurchase up to $250 million of our common stock. 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AND SUBSIDIARIES\"},{\"bbox\":[216.2,75.7,653.3,125.9],\"lines\":[{\"bbox\":[216.6,75.7,653.3,104.4],\"text\":\"Consolidated Statements of Common Stockholders’ Equity\"},{\"bbox\":[330.7,99.6,538.3,123.4],\"text\":\"and Comprehensive Income\"}],\"order\":1,\"text\":\"Consolidated Statements of Common Stockholders’ Equity\\nand Comprehensive Income\"},{\"bbox\":[402.7,128.1,465.3,144.0],\"lines\":[{\"bbox\":[402.7,128.1,465.3,144.0],\"text\":\"(thousands)\"}],\"order\":2,\"text\":\"(thousands)\"},{\"bbox\":[351.1,177.0,444.3,189.9],\"lines\":[{\"bbox\":[351.1,177.0,444.3,189.9],\"text\":\"Common Stock Issued\"}],\"order\":3,\"text\":\"Common Stock Issued\"},{\"bbox\":[45.4,216.5,248.1,759.1],\"lines\":[{\"bbox\":[56.9,216.5,238.5,231.2],\"text\":\"Balance at Dec. 31, 2003. . . . . . . . . . . . . . .\"},{\"bbox\":[56.6,230.7,238.2,245.4],\"text\":\"Net income . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[56.3,241.8,238.0,256.5],\"text\":\"Currency translation adjustments. . . . . . . . . .\"},{\"bbox\":[56.1,253.0,247.3,268.0],\"text\":\"Minimum pension liability adjustment, net of tax\"},{\"bbox\":[65.6,264.4,237.5,278.9],\"text\":\"of $(5,414) (see Note 9) . . . . . . . . . . . . . .\"},{\"bbox\":[55.6,275.4,228.4,289.9],\"text\":\"Net derivative instrument fair value changes\"},{\"bbox\":[65.1,286.7,238.1,301.3],\"text\":\"during the period, net of tax of $(5,549) (see\"},{\"bbox\":[64.8,297.9,236.7,312.4],\"text\":\"Note 11). . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[54.9,308.8,241.2,323.7],\"text\":\"Unrealized gain — marketable securities, net of\"},{\"bbox\":[64.4,320.3,236.2,334.8],\"text\":\"tax of $77 . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[54.4,331.9,236.0,346.7],\"text\":\"Comprehensive income for 2004 . . . . . . . . . .\"},{\"bbox\":[54.1,343.1,132.3,355.6],\"text\":\"Dividends declared:\"},{\"bbox\":[63.6,354.5,235.5,369.0],\"text\":\"Cumulative preferred stock . . . . . . . . . . . .\"},{\"bbox\":[63.4,365.6,235.2,380.2],\"text\":\"Common stock . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[53.4,376.7,235.0,391.4],\"text\":\"Issuances of common stock . . . . . . . . . . . . .\"},{\"bbox\":[53.1,387.8,234.8,402.6],\"text\":\"Purchases for restricted stock issuance . . . . . .\"},{\"bbox\":[52.9,399.8,234.5,414.6],\"text\":\"Balance at Dec. 31, 2004. . . . . . . . . . . . . . .\"},{\"bbox\":[52.6,414.0,234.2,428.7],\"text\":\"Net income . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[52.3,425.2,243.5,440.1],\"text\":\"Minimum pension liability adjustment, net of tax\"},{\"bbox\":[61.8,436.5,233.7,451.1],\"text\":\"of $(10,717) (see Note 9) . . . . . . . . . . . . .\"},{\"bbox\":[51.8,447.5,224.6,462.0],\"text\":\"Net derivative instrument fair value changes\"},{\"bbox\":[61.3,458.9,234.3,473.4],\"text\":\"during the period, net of tax of $(5,137) (see\"},{\"bbox\":[61.1,470.1,233.0,484.6],\"text\":\"Note 11). . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[51.1,481.1,237.4,495.9],\"text\":\"Unrealized gain — marketable securities, net of\"},{\"bbox\":[60.6,492.4,232.5,507.0],\"text\":\"tax of $41 . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[50.6,504.0,232.2,518.8],\"text\":\"Comprehensive income for 2005 . . . . . . . . . .\"},{\"bbox\":[50.3,515.3,128.6,527.8],\"text\":\"Dividends declared:\"},{\"bbox\":[59.9,526.7,231.7,541.2],\"text\":\"Cumulative preferred stock . . . . . . . . . . . .\"},{\"bbox\":[59.6,537.8,231.5,552.4],\"text\":\"Common stock . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[49.6,548.8,231.3,563.5],\"text\":\"Issuances of common stock . . . . . . . . . . . . .\"},{\"bbox\":[49.4,560.8,231.0,575.5],\"text\":\"Balance at Dec. 31, 2005. . . . . . . . . . . . . . .\"},{\"bbox\":[49.0,575.0,230.7,589.8],\"text\":\"Net income . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[48.8,586.1,240.0,601.1],\"text\":\"Minimum pension liability adjustment, net of tax\"},{\"bbox\":[58.3,597.5,230.2,612.0],\"text\":\"of $19,498 (see Note 9) . . . . . . . . . . . . . .\"},{\"bbox\":[48.3,608.5,221.1,623.1],\"text\":\"Net derivative instrument fair value changes\"},{\"bbox\":[57.8,619.9,224.4,634.3],\"text\":\"during the period, net of tax of $6,297 (see\"},{\"bbox\":[57.6,631.1,229.4,645.6],\"text\":\"Note 11). . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[47.6,642.0,232.3,656.8],\"text\":\"Unrealized loss — marketable securities, net of\"},{\"bbox\":[57.1,653.4,229.0,667.9],\"text\":\"tax of $(18). . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[47.1,665.0,228.7,679.8],\"text\":\"Comprehensive income for 2006 . . . . . . . . . .\"},{\"bbox\":[46.8,676.3,226.7,691.0],\"text\":\"SFAS No. 158 adoption, net of tax of $42,265\"},{\"bbox\":[46.6,687.4,124.8,699.9],\"text\":\"Dividends declared:\"},{\"bbox\":[56.1,698.8,228.0,713.3],\"text\":\"Cumulative preferred stock . . . . . . . . . . . .\"},{\"bbox\":[55.9,710.0,227.7,724.5],\"text\":\"Common stock . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[45.9,720.9,227.5,735.7],\"text\":\"Issuances of common stock . . . . . . . . . . . . .\"},{\"bbox\":[45.6,732.2,227.3,746.9],\"text\":\"Share-based compensation (see Note 8) . . . . .\"},{\"bbox\":[45.4,744.2,227.0,758.9],\"text\":\"Balance at Dec. 31, 2006. . . . . . . . . . . . . . .\"}],\"order\":4,\"text\":\"Balance at Dec. 31, 2003. . . . . . . . . . . . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . .\\nCurrency translation adjustments. . . . . . . . . .\\nMinimum pension liability adjustment, net of tax\\nof $(5,414) (see Note 9) . . . . . . . . . . . . . .\\nNet derivative instrument fair value changes\\nduring the period, net of tax of $(5,549) (see\\nNote 11). . . . . . . . . . . . . . . . . . . . . . . . .\\nUnrealized gain — marketable securities, net of\\ntax of $77 . . . . . . . . . . . . . . . . . . . . . . . .\\nComprehensive income for 2004 . . . . . . . . . .\\nDividends declared:\\nCumulative preferred stock . . . . . . . . . . . .\\nCommon stock . . . . . . . . . . . . . . . . . . . .\\nIssuances of common stock . . . . . . . . . . . . .\\nPurchases for restricted stock issuance . . . . . .\\nBalance at Dec. 31, 2004. . . . . . . . . . . . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . .\\nMinimum pension liability adjustment, net of tax\\nof $(10,717) (see Note 9) . . . . . . . . . . . . .\\nNet derivative instrument fair value changes\\nduring the period, net of tax of $(5,137) (see\\nNote 11). . . . . . . . . . . . . . . . . . . . . . . . .\\nUnrealized gain — marketable securities, net of\\ntax of $41 . . . . . . . . . . . . . . . . . . . . . . . .\\nComprehensive income for 2005 . . . . . . . . . .\\nDividends declared:\\nCumulative preferred stock . . . . . . . . . . . .\\nCommon stock . . . . . . . . . . . . . . . . . . . .\\nIssuances of common stock . . . . . . . . . . . . .\\nBalance at Dec. 31, 2005. . . . . . . . . . . . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . .\\nMinimum pension liability adjustment, net of tax\\nof $19,498 (see Note 9) . . . . . . . . . . . . . .\\nNet derivative instrument fair value changes\\nduring the period, net of tax of $6,297 (see\\nNote 11). . . . . . . . . . . . . . . . . . . . . . . . .\\nUnrealized loss — marketable securities, net of\\ntax of $(18). . . . . . . . . . . . . . . . . . . . . . .\\nComprehensive income for 2006 . . . . . . . . . .\\nSFAS No. 158 adoption, net of tax of $42,265\\nDividends declared:\\nCumulative preferred stock . . . . . . . . . . . .\\nCommon stock . . . . . . . . . . . . . . . . . . . .\\nIssuances of common stock . . . . . . . . . . . . .\\nShare-based compensation (see Note 8) . . . . .\\nBalance at Dec. 31, 2006. . . . . . . . . . . . . . .\"},{\"bbox\":[291.2,209.7,345.4,233.4],\"lines\":[{\"bbox\":[291.4,209.7,319.8,221.1],\"text\":\"Shares\"},{\"bbox\":[313.3,221.9,345.2,233.4],\"text\":\"398,965\"}],\"order\":5,\"text\":\"Shares\\n398,965\"},{\"bbox\":[375.6,211.6,436.8,235.4],\"lines\":[{\"bbox\":[375.8,211.6,418.0,223.3],\"text\":\"Par Value\"},{\"bbox\":[391.5,223.6,436.6,235.4],\"text\":\"$ 997,412\"}],\"order\":6,\"text\":\"Par Value\\n$ 997,412\"},{\"bbox\":[465.7,191.3,528.6,237.4],\"lines\":[{\"bbox\":[466.4,191.3,511.1,203.1],\"text\":\"Additional\"},{\"bbox\":[472.4,202.5,502.2,214.0],\"text\":\"Paid in\"},{\"bbox\":[472.8,213.7,503.8,225.2],\"text\":\"Capital\"},{\"bbox\":[482.9,225.6,527.9,237.4],\"text\":\"$ 3,890,501\"}],\"order\":7,\"text\":\"Additional\\nPaid in\\nCapital\\n$ 3,890,501\"},{\"bbox\":[560.0,204.5,619.8,253.8],\"lines\":[{\"bbox\":[561.2,204.5,598.7,216.1],\"text\":\"Retained\"},{\"bbox\":[560.6,215.6,598.7,227.2],\"text\":\"Earnings\"},{\"bbox\":[578.4,227.7,619.3,239.4],\"text\":\"$ 368,663\"},{\"bbox\":[587.1,242.3,619.0,253.8],\"text\":\"355,961\"}],\"order\":8,\"text\":\"Retained\\nEarnings\\n$ 368,663\\n355,961\"},{\"bbox\":[638.2,183.3,716.0,241.4],\"lines\":[{\"bbox\":[644.1,183.4,699.4,195.4],\"text\":\"Accumulated\"},{\"bbox\":[658.9,195.5,684.0,206.8],\"text\":\"Other\"},{\"bbox\":[638.7,206.2,703.8,218.4],\"text\":\"Comprehensive\"},{\"bbox\":[641.6,217.4,700.5,229.5],\"text\":\"Income (Loss)\"},{\"bbox\":[669.8,229.7,715.0,241.4],\"text\":\"$ (90,136 )\"}],\"order\":9,\"text\":\"Accumulated\\nOther\\nComprehensive\\nIncome (Loss)\\n$ (90,136 )\"},{\"bbox\":[701.8,255.9,714.4,266.9],\"lines\":[{\"bbox\":[701.8,255.9,714.4,266.9],\"text\":\"(3 )\"}],\"order\":10,\"text\":\"(3 )\"},{\"bbox\":[730.0,197.1,807.1,268.9],\"lines\":[{\"bbox\":[731.3,197.1,794.4,209.3],\"text\":\"Total Common\"},{\"bbox\":[733.9,208.2,791.4,220.3],\"text\":\"Stockholders’\"},{\"bbox\":[748.2,219.7,776.6,231.1],\"text\":\"Equity\"},{\"bbox\":[757.0,231.6,802.0,243.3],\"text\":\"$ 5,166,440\"},{\"bbox\":[769.8,246.3,801.7,257.8],\"text\":\"355,961\"},{\"bbox\":[793.1,257.9,805.8,268.9],\"text\":\"(3 )\"}],\"order\":11,\"text\":\"Total Common\\nStockholders’\\nEquity\\n$ 5,166,440\\n355,961\\n(3 )\"},{\"bbox\":[684.3,277.9,713.9,289.3],\"lines\":[{\"bbox\":[684.3,277.9,713.9,289.3],\"text\":\"(7,935 )\"}],\"order\":12,\"text\":\"(7,935 )\"},{\"bbox\":[775.6,279.9,805.3,291.3],\"lines\":[{\"bbox\":[775.6,279.9,805.3,291.3],\"text\":\"(7,935 )\"}],\"order\":13,\"text\":\"(7,935 )\"},{\"bbox\":[683.5,311.4,713.2,322.8],\"lines\":[{\"bbox\":[683.5,311.4,713.2,322.8],\"text\":\"(8,024 )\"}],\"order\":14,\"text\":\"(8,024 )\"},{\"bbox\":[774.8,313.4,804.6,324.8],\"lines\":[{\"bbox\":[774.8,313.4,804.6,324.8],\"text\":\"(8,024 )\"}],\"order\":15,\"text\":\"(8,024 )\"},{\"bbox\":[693.5,334.0,708.4,345.1],\"lines\":[{\"bbox\":[693.5,334.0,708.4,345.1],\"text\":\"164\"}],\"order\":16,\"text\":\"164\"},{\"bbox\":[767.6,335.6,799.7,359.0],\"lines\":[{\"bbox\":[784.9,336.0,799.7,347.1],\"text\":\"164\"},{\"bbox\":[767.6,347.5,799.5,359.0],\"text\":\"340,163\"}],\"order\":17,\"text\":\"164\\n340,163\"},{\"bbox\":[580.9,365.8,620.5,388.6],\"lines\":[{\"bbox\":[590.9,366.0,620.5,377.4],\"text\":\"(4,241 )\"},{\"bbox\":[580.9,376.9,620.3,388.6],\"text\":\"(323,742 )\"}],\"order\":18,\"text\":\"(4,241 )\\n(323,742 )\"},{\"bbox\":[309.3,382.3,346.0,416.8],\"lines\":[{\"bbox\":[319.6,382.5,341.7,393.7],\"text\":\"3,297\"},{\"bbox\":[316.1,393.6,345.7,405.0],\"text\":\"(1,800 )\"},{\"bbox\":[309.3,405.3,341.2,416.7],\"text\":\"400,462\"}],\"order\":19,\"text\":\"3,297\\n(1,800 )\\n400,462\"},{\"bbox\":[387.5,384.0,437.4,418.8],\"lines\":[{\"bbox\":[411.0,384.5,433.1,395.7],\"text\":\"8,243\"},{\"bbox\":[407.5,395.6,437.1,407.0],\"text\":\"(4,500 )\"},{\"bbox\":[387.5,407.0,432.6,418.7],\"text\":\"$ 1,001,155\"}],\"order\":20,\"text\":\"8,243\\n(4,500 )\\n$ 1,001,155\"},{\"bbox\":[478.9,386.0,528.7,420.8],\"lines\":[{\"bbox\":[497.4,386.4,524.4,397.7],\"text\":\"48,078\"},{\"bbox\":[493.9,397.5,528.5,409.0],\"text\":\"(27,523 )\"},{\"bbox\":[478.9,409.0,523.9,420.7],\"text\":\"$ 3,911,056\"}],\"order\":21,\"text\":\"48,078\\n(27,523 )\\n$ 3,911,056\"},{\"bbox\":[574.1,411.0,615.3,437.1],\"lines\":[{\"bbox\":[574.4,411.0,615.3,422.7],\"text\":\"$ 396,641\"},{\"bbox\":[583.1,425.6,615.0,437.1],\"text\":\"512,972\"}],\"order\":22,\"text\":\"$ 396,641\\n512,972\"},{\"bbox\":[665.8,413.0,711.0,424.8],\"lines\":[{\"bbox\":[665.8,413.0,711.0,424.8],\"text\":\"$ (105,934 )\"}],\"order\":23,\"text\":\"$ (105,934 )\"},{\"bbox\":[675.6,449.9,710.1,461.5],\"lines\":[{\"bbox\":[675.6,449.9,710.1,461.5],\"text\":\"(17,271 )\"}],\"order\":24,\"text\":\"(17,271 )\"},{\"bbox\":[766.9,451.9,801.5,463.5],\"lines\":[{\"bbox\":[766.9,451.9,801.5,463.5],\"text\":\"(17,271 )\"}],\"order\":25,\"text\":\"(17,271 )\"},{\"bbox\":[679.8,483.5,709.4,495.0],\"lines\":[{\"bbox\":[679.8,483.5,709.4,495.0],\"text\":\"(8,919 )\"}],\"order\":26,\"text\":\"(8,919 )\"},{\"bbox\":[771.1,485.5,800.8,497.0],\"lines\":[{\"bbox\":[771.1,485.5,800.8,497.0],\"text\":\"(8,919 )\"}],\"order\":27,\"text\":\"(8,919 )\"},{\"bbox\":[694.6,506.3,704.6,517.3],\"lines\":[{\"bbox\":[694.6,506.3,704.6,517.3],\"text\":\"63\"}],\"order\":28,\"text\":\"63\"},{\"bbox\":[763.8,507.8,796.0,531.1],\"lines\":[{\"bbox\":[785.9,508.3,796.0,519.3],\"text\":\"63\"},{\"bbox\":[763.8,519.6,795.7,531.1],\"text\":\"486,845\"}],\"order\":29,\"text\":\"63\\n486,845\"},{\"bbox\":[577.2,538.0,616.8,560.8],\"lines\":[{\"bbox\":[587.1,538.2,616.8,549.6],\"text\":\"(4,241 )\"},{\"bbox\":[577.2,549.1,616.5,560.8],\"text\":\"(343,234 )\"}],\"order\":30,\"text\":\"(4,241 )\\n(343,234 )\"},{\"bbox\":[305.8,554.4,337.9,577.7],\"lines\":[{\"bbox\":[315.8,554.6,337.9,565.9],\"text\":\"2,925\"},{\"bbox\":[305.8,566.2,337.7,577.7],\"text\":\"403,387\"}],\"order\":31,\"text\":\"2,925\\n403,387\"},{\"bbox\":[384.0,556.1,429.3,579.7],\"lines\":[{\"bbox\":[407.2,556.6,429.3,567.9],\"text\":\"7,313\"},{\"bbox\":[384.0,567.9,429.0,579.7],\"text\":\"$ 1,008,468\"}],\"order\":32,\"text\":\"7,313\\n$ 1,008,468\"},{\"bbox\":[475.3,558.1,520.6,581.7],\"lines\":[{\"bbox\":[493.6,558.5,520.6,569.9],\"text\":\"45,654\"},{\"bbox\":[475.3,569.9,520.4,581.7],\"text\":\"$ 3,956,710\"}],\"order\":33,\"text\":\"45,654\\n$ 3,956,710\"},{\"bbox\":[570.6,572.0,611.8,598.1],\"lines\":[{\"bbox\":[570.9,572.0,611.8,583.7],\"text\":\"$ 562,138\"},{\"bbox\":[579.6,586.6,611.4,598.1],\"text\":\"571,754\"}],\"order\":34,\"text\":\"$ 562,138\\n571,754\"},{\"bbox\":[662.3,574.0,707.4,585.8],\"lines\":[{\"bbox\":[662.3,574.0,707.4,585.8],\"text\":\"$ (132,061 )\"}],\"order\":35,\"text\":\"$ (132,061 )\"},{\"bbox\":[403.4,728.7,425.5,740.0],\"lines\":[{\"bbox\":[403.4,728.7,425.5,740.0],\"text\":\"9,774\"}],\"order\":36,\"text\":\"9,774\"},{\"bbox\":[301.8,749.6,333.6,761.1],\"lines\":[{\"bbox\":[301.8,749.6,333.6,761.1],\"text\":\"407,297\"}],\"order\":37,\"text\":\"407,297\"},{\"bbox\":[380.0,751.3,425.0,763.1],\"lines\":[{\"bbox\":[380.0,751.3,425.0,763.1],\"text\":\"$ 1,018,242\"}],\"order\":38,\"text\":\"$ 1,018,242\"},{\"bbox\":[471.3,730.2,516.9,765.1],\"lines\":[{\"bbox\":[489.8,730.6,516.9,742.0],\"text\":\"58,998\"},{\"bbox\":[489.6,741.9,516.6,753.2],\"text\":\"27,949\"},{\"bbox\":[471.3,753.3,516.3,765.1],\"text\":\"$ 4,043,657\"}],\"order\":39,\"text\":\"58,998\\n27,949\\n$ 4,043,657\"},{\"bbox\":[294.0,964.4,537.5,983.6],\"lines\":[{\"bbox\":[294.0,964.4,537.5,983.6],\"text\":\"See Notes to Consolidated Financial Statements.\"}],\"order\":40,\"text\":\"See Notes to Consolidated Financial Statements.\"},{\"bbox\":[407.5,1014.1,421.8,1029.8],\"lines\":[{\"bbox\":[407.5,1014.1,421.8,1029.8],\"text\":\"70\"}],\"order\":41,\"text\":\"70\"},{\"bbox\":[566.9,755.4,607.7,767.1],\"lines\":[{\"bbox\":[566.9,755.4,607.7,767.1],\"text\":\"$ 771,249\"}],\"order\":42,\"text\":\"$ 771,249\"},{\"bbox\":[749.1,541.7,799.6,602.2],\"lines\":[{\"bbox\":[769.9,542.2,799.6,553.6],\"text\":\"(4,241 )\"},{\"bbox\":[759.9,553.1,799.3,564.8],\"text\":\"(343,234 )\"},{\"bbox\":[767.7,564.5,794.7,575.8],\"text\":\"52,967\"},{\"bbox\":[749.4,575.9,794.5,587.7],\"text\":\"$ 5,395,255\"},{\"bbox\":[762.3,590.6,794.1,602.1],\"text\":\"571,754\"}],\"order\":43,\"text\":\"(4,241 )\\n(343,234 )\\n52,967\\n$ 5,395,255\\n571,754\"},{\"bbox\":[675.3,611.0,702.3,622.3],\"lines\":[{\"bbox\":[675.3,611.0,702.3,622.3],\"text\":\"31,957\"}],\"order\":44,\"text\":\"31,957\"},{\"bbox\":[766.6,613.0,793.7,624.3],\"lines\":[{\"bbox\":[766.6,613.0,793.7,624.3],\"text\":\"31,957\"}],\"order\":45,\"text\":\"31,957\"},{\"bbox\":[674.6,644.5,701.6,655.9],\"lines\":[{\"bbox\":[674.6,644.5,701.6,655.9],\"text\":\"11,000\"}],\"order\":46,\"text\":\"11,000\"},{\"bbox\":[765.9,646.5,792.9,657.9],\"lines\":[{\"bbox\":[765.9,646.5,792.9,657.9],\"text\":\"11,000\"}],\"order\":47,\"text\":\"11,000\"},{\"bbox\":[687.9,667.2,705.4,678.3],\"lines\":[{\"bbox\":[687.9,667.2,705.4,678.3],\"text\":\"(26 )\"}],\"order\":48,\"text\":\"(26 )\"},{\"bbox\":[673.6,689.9,700.6,701.3],\"lines\":[{\"bbox\":[673.6,689.9,700.6,701.3],\"text\":\"72,804\"}],\"order\":49,\"text\":\"72,804\"},{\"bbox\":[760.1,668.8,796.8,703.4],\"lines\":[{\"bbox\":[779.2,669.2,796.8,680.3],\"text\":\"(26 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AND SUBSIDIARIES\\n\\nConsolidated Statements of Common Stockholders’ Equity\\nand Comprehensive Income\\n\\n(thousands)\\n\\nCommon Stock Issued\\n\\nBalance at Dec. 31, 2003. . . . . . . . . . . . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . .\\nCurrency translation adjustments. . . . . . . . . .\\nMinimum pension liability adjustment, net of tax\\nof $(5,414) (see Note 9) . . . . . . . . . . . . . .\\nNet derivative instrument fair value changes\\nduring the period, net of tax of $(5,549) (see\\nNote 11). . . . . . . . . . . . . . . . . . . . . . . . .\\nUnrealized gain — marketable securities, net of\\ntax of $77 . . . . . . . . . . . . . . . . . . . . . . . .\\nComprehensive income for 2004 . . . . . . . . . .\\nDividends declared:\\nCumulative preferred stock . . . . . . . . . . . .\\nCommon stock . . . . . . . . . . . . . . . . . . . .\\nIssuances of common stock . . . . . . . . . . . . .\\nPurchases for restricted stock issuance . . . . . .\\nBalance at Dec. 31, 2004. . . . . . . . . . . . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . .\\nMinimum pension liability adjustment, net of tax\\nof $(10,717) (see Note 9) . . . . . . . . . . . . .\\nNet derivative instrument fair value changes\\nduring the period, net of tax of $(5,137) (see\\nNote 11). . . . . . . . . . . . . . . . . . . . . . . . .\\nUnrealized gain — marketable securities, net of\\ntax of $41 . . . . . . . . . . . . . . . . . . . . . . . .\\nComprehensive income for 2005 . . . . . . . . . .\\nDividends declared:\\nCumulative preferred stock . . . . . . . . . . . .\\nCommon stock . . . . . . . . . . . . . . . . . . . .\\nIssuances of common stock . . . . . . . . . . . . .\\nBalance at Dec. 31, 2005. . . . . . . . . . . . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . .\\nMinimum pension liability adjustment, net of tax\\nof $19,498 (see Note 9) . . . . . . . . . . . . . .\\nNet derivative instrument fair value changes\\nduring the period, net of tax of $6,297 (see\\nNote 11). . . . . . . . . . . . . . . . . . . . . . . . .\\nUnrealized loss — marketable securities, net of\\ntax of $(18). . . . . . . . . . . . . . . . . . . . . . .\\nComprehensive income for 2006 . . . . . . . . . .\\nSFAS No. 158 adoption, net of tax of $42,265\\nDividends declared:\\nCumulative preferred stock . . . . . . . . . . . .\\nCommon stock . . . . . . . . . . . . . . . . . . . .\\nIssuances of common stock . . . . . . . . . . . . .\\nShare-based compensation (see Note 8) . . . . .\\nBalance at Dec. 31, 2006. . . . . . . . . . . . . . .\\n\\nShares\\n398,965\\n\\nPar Value\\n$ 997,412\\n\\nAdditional\\nPaid in\\nCapital\\n$ 3,890,501\\n\\nRetained\\nEarnings\\n$ 368,663\\n355,961\\n\\nAccumulated\\nOther\\nComprehensive\\nIncome (Loss)\\n$ (90,136 )\\n\\n(3 )\\n\\nTotal Common\\nStockholders’\\nEquity\\n$ 5,166,440\\n355,961\\n(3 )\\n\\n(7,935 )\\n\\n(7,935 )\\n\\n(8,024 )\\n\\n(8,024 )\\n\\n164\\n\\n164\\n340,163\\n\\n(4,241 )\\n(323,742 )\\n\\n3,297\\n(1,800 )\\n400,462\\n\\n8,243\\n(4,500 )\\n$ 1,001,155\\n\\n48,078\\n(27,523 )\\n$ 3,911,056\\n\\n$ 396,641\\n512,972\\n\\n$ (105,934 )\\n\\n(17,271 )\\n\\n(17,271 )\\n\\n(8,919 )\\n\\n(8,919 )\\n\\n63\\n\\n63\\n486,845\\n\\n(4,241 )\\n(343,234 )\\n\\n2,925\\n403,387\\n\\n7,313\\n$ 1,008,468\\n\\n45,654\\n$ 3,956,710\\n\\n$ 562,138\\n571,754\\n\\n$ (132,061 )\\n\\n9,774\\n\\n407,297\\n\\n$ 1,018,242\\n\\n58,998\\n27,949\\n$ 4,043,657\\n\\nSee Notes to Consolidated Financial Statements.\\n\\n70\\n\\n$ 771,249\\n\\n(4,241 )\\n(343,234 )\\n52,967\\n$ 5,395,255\\n571,754\\n\\n31,957\\n\\n31,957\\n\\n11,000\\n\\n11,000\\n\\n(26 )\\n\\n72,804\\n\\n(26 )\\n614,685\\n72,804\\n\\n$ (16,326 )\\n\\n(4,241 )\\n(358,402 )\\n68,772\\n27,949\\n$ 5,816,822\\n\\n(4,241 )\\n(358,402 )\\n\\n3,910\\n\\n(4,241 )\\n(323,742 )\\n56,321\\n(32,023 )\\n$ 5,202,918\\n512,972\",\"name\":\"fintabnet.XEL_2006_page_80__100dpi_medium\",\"page_id\":\"fintabnet.XEL_2006_page_80\",\"reference\":\"pdf-text-layer\",\"severity\":\"medium\",\"skew_deg\":-1.251,\"source\":\"fintabnet\",\"source_id\":\"XEL_2006_page_80\",\"stack\":[{\"deg\":-1.251,\"op\":\"skew\"},{\"amp\":0.118,\"angle\":46.9,\"blob\":0.433,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":6.676},{\"op\":\"jpeg\",\"q\":54}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[45.4,170.6,807.3,771.3],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31,32,33,34,35,36,37,38,39,42,43,44,45,46,47,48,49,50,51,52,53,54,55],\"cells\":null}],\"text\":\"XCEL ENERGY INC. AND SUBSIDIARIES\\n\\nConsolidated Statements of Common Stockholders’ Equity\\nand Comprehensive Income\\n\\n(thousands)\\n\\nCommon Stock Issued\\n\\nBalance at Dec. 31, 2003. . . . . . . . . . . . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . .\\nCurrency translation adjustments. . . . . . . . . .\\nMinimum pension liability adjustment, net of tax\\nof $(5,414) (see Note 9) . . . . . . . . . . . . . .\\nNet derivative instrument fair value changes\\nduring the period, net of tax of $(5,549) (see\\nNote 11). . . . . . . . . . . . . . . . . . . . . . . . .\\nUnrealized gain — marketable securities, net of\\ntax of $77 . . . . . . . . . . . . . . . . . . . . . . . .\\nComprehensive income for 2004 . . . . . . . . . .\\nDividends declared:\\nCumulative preferred stock . . . . . . . . . . . .\\nCommon stock . . . . . . . . . . . . . . . . . . . .\\nIssuances of common stock . . . . . . . . . . . . .\\nPurchases for restricted stock issuance . . . . . .\\nBalance at Dec. 31, 2004. . . . . . . . . . . . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . .\\nMinimum pension liability adjustment, net of tax\\nof $(10,717) (see Note 9) . . . . . . . . . . . . .\\nNet derivative instrument fair value changes\\nduring the period, net of tax of $(5,137) (see\\nNote 11). . . . . . . . . . . . . . . . . . . . . . . . .\\nUnrealized gain — marketable securities, net of\\ntax of $41 . . . . . . . . . . . . . . . . . . . . . . . .\\nComprehensive income for 2005 . . . . . . . . . .\\nDividends declared:\\nCumulative preferred stock . . . . . . . . . . . .\\nCommon stock . . . . . . . . . . . . . . . . . . . .\\nIssuances of common stock . . . . . . . . . . . . .\\nBalance at Dec. 31, 2005. . . . . . . . . . . . . . .\\nNet income . . . . . . . . . . . . . . . . . . . . . . . .\\nMinimum pension liability adjustment, net of tax\\nof $19,498 (see Note 9) . . . . . . . . . . . . . .\\nNet derivative instrument fair value changes\\nduring the period, net of tax of $6,297 (see\\nNote 11). . . . . . . . . . . . . . . . . . . . . . . . .\\nUnrealized loss — marketable securities, net of\\ntax of $(18). . . . . . . . . . . . . . . . . . . . . . .\\nComprehensive income for 2006 . . . . . . . . . .\\nSFAS No. 158 adoption, net of tax of $42,265\\nDividends declared:\\nCumulative preferred stock . . . . . . . . . . . .\\nCommon stock . . . . . . . . . . . . . . . . . . . .\\nIssuances of common stock . . . . . . . . . . . . .\\nShare-based compensation (see Note 8) . . . . .\\nBalance at Dec. 31, 2006. . . . . . . . . . . . . . .\\n\\nShares\\n398,965\\n\\nPar Value\\n$ 997,412\\n\\nAdditional\\nPaid in\\nCapital\\n$ 3,890,501\\n\\nRetained\\nEarnings\\n$ 368,663\\n355,961\\n\\nAccumulated\\nOther\\nComprehensive\\nIncome (Loss)\\n$ (90,136 )\\n\\n(3 )\\n\\nTotal Common\\nStockholders’\\nEquity\\n$ 5,166,440\\n355,961\\n(3 )\\n\\n(7,935 )\\n\\n(7,935 )\\n\\n(8,024 )\\n\\n(8,024 )\\n\\n164\\n\\n164\\n340,163\\n\\n(4,241 )\\n(323,742 )\\n\\n3,297\\n(1,800 )\\n400,462\\n\\n8,243\\n(4,500 )\\n$ 1,001,155\\n\\n48,078\\n(27,523 )\\n$ 3,911,056\\n\\n$ 396,641\\n512,972\\n\\n$ (105,934 )\\n\\n(17,271 )\\n\\n(17,271 )\\n\\n(8,919 )\\n\\n(8,919 )\\n\\n63\\n\\n63\\n486,845\\n\\n(4,241 )\\n(343,234 )\\n\\n2,925\\n403,387\\n\\n7,313\\n$ 1,008,468\\n\\n45,654\\n$ 3,956,710\\n\\n$ 562,138\\n571,754\\n\\n$ (132,061 )\\n\\n9,774\\n\\n407,297\\n\\n$ 1,018,242\\n\\n58,998\\n27,949\\n$ 4,043,657\\n\\nSee Notes to Consolidated Financial Statements.\\n\\n70\\n\\n$ 771,249\\n\\n(4,241 )\\n(343,234 )\\n52,967\\n$ 5,395,255\\n571,754\\n\\n31,957\\n\\n31,957\\n\\n11,000\\n\\n11,000\\n\\n(26 )\\n\\n72,804\\n\\n(26 )\\n614,685\\n72,804\\n\\n$ (16,326 )\\n\\n(4,241 )\\n(358,402 )\\n68,772\\n27,949\\n$ 5,816,822\\n\\n(4,241 )\\n(358,402 )\\n\\n3,910\\n\\n(4,241 )\\n(323,742 )\\n56,321\\n(32,023 )\\n$ 5,202,918\\n512,972\"},\"name\":\"fintabnet.XEL_2006_page_80__100dpi_medium\",\"page_no\":1,\"scan_provenance\":{\"bytes\":101917,\"codec\":\"dct\",\"copy\":0,\"doc\":\"fintabnet:XEL_2006\",\"dpi\":100,\"gt_sha256\":\"8240b40108963bae105f820c791a132ee64b51840b3004afdbf2eda970329bee\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.XEL_2006_page_80__100dpi_medium\",\"page\":1,\"page_id\":\"fintabnet.XEL_2006_page_80\",\"pdf_sha256\":\"0e244c15b0f4fbce97d2f9aa5d7e7f1df138440f63442ec5602cd3806d66c90f\",\"px\":[850,1100],\"scan\":{\"render\":\"00000ff001ca717f70066053705f6006615e70076057017f0007000f03ff003f\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"medium\",\"source\":\"fintabnet\",\"source_id\":\"XEL_2006_page_80\",\"src\":{\"file_sha256\":\"7602e18fe78689aff3c14a65162a16cf11a1be9e07b0b7bb4b6ec26500c7fd97\",\"render\":\"00000ff007ca77fe70027352715a7002737a70027152015a0000000001c00000\",\"text\":\"d76fd4031b790bd603eab27704df8fc3bd2974fb1ae973f2d932d8a5700bf780\"},\"stack\":[{\"deg\":-1.251,\"op\":\"skew\"},{\"amp\":0.118,\"angle\":46.9,\"blob\":0.433,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":6.676},{\"op\":\"jpeg\",\"q\":54}],\"tools\":\"21647cade0ee\"},\"sha256\":\"0e244c15b0f4fbce97d2f9aa5d7e7f1df138440f63442ec5602cd3806d66c90f\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/0e244c15b0f4fbce97d2f9aa5d7e7f1df138440f63442ec5602cd3806d66c90f.pdf","asset_sha256":"0e244c15b0f4fbce97d2f9aa5d7e7f1df138440f63442ec5602cd3806d66c90f","document_id":"fintabnet:XEL_2006","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"XEL_2006_page_80\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"XYL_2011_page_79\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:XYL_2011\",\"ground_truth\":{\"blocks\":[{\"bbox\":[1003.8,309.2,1620.5,363.4],\"lines\":[{\"bbox\":[1003.8,309.2,1620.5,363.4],\"text\":\"XYLEM INC. AND SUBSIDIARIES\"}],\"order\":0,\"text\":\"XYLEM INC. AND SUBSIDIARIES\"},{\"bbox\":[518.5,366.3,2102.3,448.0],\"lines\":[{\"bbox\":[518.5,366.3,2102.3,448.0],\"text\":\"NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS (continued)\"}],\"order\":1,\"text\":\"NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS (continued)\"},{\"bbox\":[331.0,465.2,2272.2,602.5],\"lines\":[{\"bbox\":[332.3,465.2,2272.2,556.7],\"text\":\"The following table presents the allocation of the purchase price to the assets acquired and liabilities assumed,\"},{\"bbox\":[331.0,511.0,997.0,566.3],\"text\":\"based on their fair values (in millions):\"}],\"order\":2,\"text\":\"The following table presents the allocation of the purchase price to the assets acquired and liabilities assumed,\\nbased on their fair values (in millions):\"},{\"bbox\":[355.4,607.9,1830.3,1123.2],\"lines\":[{\"bbox\":[367.8,607.9,1830.3,685.9],\"text\":\"Purchase Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[366.1,666.2,1069.5,722.6],\"text\":\"Assets acquired and liabilities assumed:\"},{\"bbox\":[404.4,713.1,1827.3,790.0],\"text\":\"Accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[403.1,759.0,1826.0,835.8],\"text\":\"Inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[401.8,804.8,1824.7,881.6],\"text\":\"Property, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[400.5,850.6,1823.4,927.4],\"text\":\"Goodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[399.2,896.4,1822.1,973.2],\"text\":\"Intangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[397.9,942.2,1820.8,1019.1],\"text\":\"Other current and non-current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[396.6,988.0,1819.5,1064.9],\"text\":\"Other current and non-current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[355.4,1045.2,1817.8,1123.2],\"text\":\"Net assets acquired . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"}],\"order\":3,\"text\":\"Purchase Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAssets acquired and liabilities assumed:\\nAccounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProperty, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGoodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIntangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther current and non-current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther current and non-current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet assets acquired . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\"},{\"bbox\":[2149.6,658.6,2238.6,697.5],\"lines\":[{\"bbox\":[2149.6,658.6,2238.6,697.5],\"text\":\"$309\"}],\"order\":4,\"text\":\"$309\"},{\"bbox\":[1943.4,757.1,2022.7,1070.4],\"lines\":[{\"bbox\":[1977.5,757.9,2022.5,795.5],\"text\":\"15\"},{\"bbox\":[1976.2,803.7,2021.2,841.4],\"text\":\"15\"},{\"bbox\":[1997.0,850.1,2020.0,887.2],\"text\":\"9\"},{\"bbox\":[1951.5,894.7,2018.5,933.0],\"text\":\"190\"},{\"bbox\":[1950.2,940.5,2017.2,978.8],\"text\":\"125\"},{\"bbox\":[1971.0,987.0,2016.0,1024.6],\"text\":\"17\"},{\"bbox\":[1943.4,1032.0,2014.9,1070.4],\"text\":\"(62)\"}],\"order\":5,\"text\":\"15\\n15\\n9\\n190\\n125\\n17\\n(62)\"},{\"bbox\":[2137.1,1095.9,2226.2,1134.8],\"lines\":[{\"bbox\":[2137.1,1095.9,2226.2,1134.8],\"text\":\"$309\"}],\"order\":6,\"text\":\"$309\"},{\"bbox\":[303.6,1152.4,2259.1,1564.8],\"lines\":[{\"bbox\":[312.7,1152.4,2197.4,1242.4],\"text\":\"Goodwill of $190 million arising from the acquisition consists largely of the planned expansion of YSI to new\"},{\"bbox\":[311.4,1198.2,2145.4,1286.7],\"text\":\"geographic markets, synergies and economies of scale. The goodwill related to this acquisition has been\"},{\"bbox\":[310.1,1244.0,2241.7,1335.3],\"text\":\"assigned to our Water Infrastructure segment and is not expected to be deductible for income tax purposes. 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The goodwill related to this acquisition has been\\nassigned to our Water Infrastructure segment and is not expected to be deductible for income tax purposes. 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The results of operations and cash flows from our 2010\"},{\"bbox\":[294.2,1802.1,2242.9,1893.9],\"text\":\"acquisitions have been included in our consolidated and combined financial statements prospectively from their\"},{\"bbox\":[292.9,1847.9,2221.9,1939.2],\"text\":\"date of acquisition. With the exception of Godwin, pro forma results of operations for acquisitions completed in\"},{\"bbox\":[291.6,1893.8,2056.4,1980.3],\"text\":\"2010 and 2009 have not been presented because they are not significant, either individually or in the\"},{\"bbox\":[290.3,1939.6,2067.6,2026.5],\"text\":\"aggregate. Due to the significant nature of the Godwin acquisition, pro forma results of operations are\"},{\"bbox\":[289.0,1985.4,1415.9,2053.8],\"text\":\"presented below as if Godwin was acquired on January 1, 2009.\"}],\"order\":9,\"text\":\"During 2010, we spent an aggregate of approximately $1 billion, net of cash acquired, primarily on the\\nacquisitions of Godwin Pumps of America, Inc. and Godwin Holdings Limited (collectively referred to as\\nGodwin) and Nova Analytics Corporation (Nova). The results of operations and cash flows from our 2010\\nacquisitions have been included in our consolidated and combined financial statements prospectively from their\\ndate of acquisition. With the exception of Godwin, pro forma results of operations for acquisitions completed in\\n2010 and 2009 have not been presented because they are not significant, either individually or in the\\naggregate. Due to the significant nature of the Godwin acquisition, pro forma results of operations are\\npresented below as if Godwin was acquired on January 1, 2009.\"},{\"bbox\":[285.6,2106.2,555.1,2150.2],\"lines\":[{\"bbox\":[285.6,2106.2,555.1,2150.2],\"text\":\"Godwin Pumps\"}],\"order\":10,\"text\":\"Godwin Pumps\"},{\"bbox\":[279.7,2177.0,2154.8,2404.0],\"lines\":[{\"bbox\":[283.6,2177.0,2116.1,2265.5],\"text\":\"On August 3, 2010, we acquired 100% of the privately held stock of Godwin for a purchase price of $580\"},{\"bbox\":[282.3,2222.8,2111.1,2311.2],\"text\":\"million, net of cash acquired. Godwin is a supplier and servicer of automatic self-priming and on-demand\"},{\"bbox\":[281.0,2268.6,2152.2,2358.2],\"text\":\"pumping solutions serving the global industrial, construction, mining, municipal, oil and gas and dewatering\"},{\"bbox\":[279.7,2314.4,432.4,2355.1],\"text\":\"markets.\"}],\"order\":11,\"text\":\"On August 3, 2010, we acquired 100% of the privately held stock of Godwin for a purchase price of $580\\nmillion, net of cash acquired. Godwin is a supplier and servicer of automatic self-priming and on-demand\\npumping solutions serving the global industrial, construction, mining, municipal, oil and gas and dewatering\\nmarkets.\"},{\"bbox\":[1214.4,2966.3,1259.5,3003.9],\"lines\":[{\"bbox\":[1214.4,2966.3,1259.5,3003.9],\"text\":\"67\"}],\"order\":12,\"text\":\"67\"}],\"doc\":\"fintabnet:XYL_2011\",\"dpi\":300,\"image_px\":[2550,3300],\"layout\":[],\"markdown\":\"XYLEM INC. AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS (continued)\\n\\nThe following table presents the allocation of the purchase price to the assets acquired and liabilities assumed,\\nbased on their fair values (in millions):\\n\\nPurchase Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAssets acquired and liabilities assumed:\\nAccounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProperty, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGoodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIntangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther current and non-current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther current and non-current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet assets acquired . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$309\\n\\n15\\n15\\n9\\n190\\n125\\n17\\n(62)\\n\\n$309\\n\\nGoodwill of $190 million arising from the acquisition consists largely of the planned expansion of YSI to new\\ngeographic markets, synergies and economies of scale. 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AND SUBSIDIARIES\\n\\nNOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS (continued)\\n\\nThe following table presents the allocation of the purchase price to the assets acquired and liabilities assumed,\\nbased on their fair values (in millions):\\n\\nPurchase Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nAssets acquired and liabilities assumed:\\nAccounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nInventory . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nProperty, plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nGoodwill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nIntangible assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther current and non-current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nOther current and non-current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\nNet assets acquired . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .\\n\\n$309\\n\\n15\\n15\\n9\\n190\\n125\\n17\\n(62)\\n\\n$309\\n\\nGoodwill of $190 million arising from the acquisition consists largely of the planned expansion of YSI to new\\ngeographic markets, synergies and economies of scale. The goodwill related to this acquisition has been\\nassigned to our Water Infrastructure segment and is not expected to be deductible for income tax purposes. In\\naddition, of the $125 million that was allocated to intangible assets, $41 million was assigned to customer\\nrelationships and will be amortized on a straight line basis over the estimated useful life of 16 years; $35 million\\nwas assigned to proprietary technology and will be amortized on a straight line basis over the weighted\\naverage useful life of 16 years; and the remaining $49 million of acquired intangible assets was assigned to\\ntrademarks, which is not subject to amortization as they were determined to have indefinite useful lives.\\n\\n2010 Acquisitions\\n\\nDuring 2010, we spent an aggregate of approximately $1 billion, net of cash acquired, primarily on the\\nacquisitions of Godwin Pumps of America, Inc. and Godwin Holdings Limited (collectively referred to as\\nGodwin) and Nova Analytics Corporation (Nova). The results of operations and cash flows from our 2010\\nacquisitions have been included in our consolidated and combined financial statements prospectively from their\\ndate of acquisition. With the exception of Godwin, pro forma results of operations for acquisitions completed in\\n2010 and 2009 have not been presented because they are not significant, either individually or in the\\naggregate. Due to the significant nature of the Godwin acquisition, pro forma results of operations are\\npresented below as if Godwin was acquired on January 1, 2009.\\n\\nGodwin Pumps\\n\\nOn August 3, 2010, we acquired 100% of the privately held stock of Godwin for a purchase price of $580\\nmillion, net of cash acquired. 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0)\",\"title\":\"XYL_2013_page_115\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:XYL_2013\",\"ground_truth\":{\"blocks\":[{\"bbox\":[120.5,93.8,183.5,129.1],\"lines\":[{\"bbox\":[124.3,93.8,179.8,112.4],\"text\":\"Exhibit\"},{\"bbox\":[120.5,110.5,183.5,129.1],\"text\":\"Number\"}],\"order\":0,\"text\":\"Exhibit\\nNumber\"},{\"bbox\":[438.4,110.5,530.1,129.1],\"lines\":[{\"bbox\":[438.4,110.5,530.1,129.1],\"text\":\"Description\"}],\"order\":1,\"text\":\"Description\"},{\"bbox\":[935.0,110.5,1004.5,129.1],\"lines\":[{\"bbox\":[935.0,110.5,1004.5,129.1],\"text\":\"Location\"}],\"order\":2,\"text\":\"Location\"},{\"bbox\":[145.5,135.8,523.5,159.2],\"lines\":[{\"bbox\":[145.5,135.8,523.5,159.2],\"text\":\"(10.8) Xylem 1997 Annual Incentive Plan\"}],\"order\":3,\"text\":\"(10.8) Xylem 1997 Annual Incentive Plan\"},{\"bbox\":[775.0,135.9,1151.4,221.7],\"lines\":[{\"bbox\":[775.0,135.9,1151.4,159.2],\"text\":\"Incorporated by reference to Exhibit 10.8\"},{\"bbox\":[775.0,156.7,1108.4,180.0],\"text\":\"of Xylem Inc.’s Form 10-Q Quarterly\"},{\"bbox\":[775.0,177.6,1146.7,200.8],\"text\":\"Report filed on November 11, 2011 (CIK\"},{\"bbox\":[775.0,198.4,1072.6,221.7],\"text\":\"No. 1524472, File No. 1-35229).\"}],\"order\":4,\"text\":\"Incorporated by reference to Exhibit 10.8\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\"},{\"bbox\":[145.5,237.9,675.2,261.3],\"lines\":[{\"bbox\":[145.5,237.9,675.2,261.3],\"text\":\"(10.9) Xylem Annual Incentive Plan for Executive Officers\"}],\"order\":5,\"text\":\"(10.9) Xylem Annual Incentive Plan for Executive Officers\"},{\"bbox\":[775.0,238.0,1151.4,323.8],\"lines\":[{\"bbox\":[775.0,238.0,1151.4,261.3],\"text\":\"Incorporated by reference to Exhibit 10.9\"},{\"bbox\":[775.0,258.8,1108.4,282.1],\"text\":\"of Xylem Inc.’s Form 10-Q Quarterly\"},{\"bbox\":[775.0,279.6,1146.7,302.9],\"text\":\"Report filed on November 11, 2011 (CIK\"},{\"bbox\":[775.0,300.5,1072.6,323.8],\"text\":\"No. 1524472, File No. 1-35229).\"}],\"order\":6,\"text\":\"Incorporated by reference to Exhibit 10.9\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\"},{\"bbox\":[133.9,340.1,499.2,363.3],\"lines\":[{\"bbox\":[133.9,340.1,499.2,363.3],\"text\":\"(10.10) Xylem Retirement Savings Plan\"}],\"order\":7,\"text\":\"(10.10) Xylem Retirement Savings Plan\"},{\"bbox\":[775.0,340.1,1151.4,425.8],\"lines\":[{\"bbox\":[775.0,340.1,1151.4,363.3],\"text\":\"Incorporated by reference to Exhibit 10.1\"},{\"bbox\":[775.0,360.9,1132.8,384.2],\"text\":\"of Xylem Inc.’s Form 10-Q filed on July\"},{\"bbox\":[775.0,381.7,1073.8,405.0],\"text\":\"30, 2013 (CIK No. 1524472, File\"},{\"bbox\":[775.0,402.6,902.4,425.8],\"text\":\"No. 1-35229).\"}],\"order\":8,\"text\":\"Incorporated by reference to Exhibit 10.1\\nof Xylem Inc.’s Form 10-Q filed on July\\n30, 2013 (CIK No. 1524472, File\\nNo. 1-35229).\"},{\"bbox\":[133.9,442.1,632.3,465.4],\"lines\":[{\"bbox\":[133.9,442.1,632.3,465.4],\"text\":\"(10.11) Xylem Supplemental Retirement Savings Plan\"}],\"order\":9,\"text\":\"(10.11) Xylem Supplemental Retirement Savings Plan\"},{\"bbox\":[775.0,442.1,1162.9,527.9],\"lines\":[{\"bbox\":[775.0,442.1,1162.9,465.4],\"text\":\"Incorporated by reference to Exhibit 10.11\"},{\"bbox\":[775.0,463.0,1108.4,486.3],\"text\":\"of Xylem Inc.’s Form 10-Q Quarterly\"},{\"bbox\":[775.0,483.8,1146.7,507.1],\"text\":\"Report filed on November 11, 2011 (CIK\"},{\"bbox\":[775.0,504.6,1072.6,527.9],\"text\":\"No. 1524472, File No. 1-35229).\"}],\"order\":10,\"text\":\"Incorporated by reference to Exhibit 10.11\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\"},{\"bbox\":[133.9,544.2,538.5,567.5],\"lines\":[{\"bbox\":[133.9,544.2,538.5,567.5],\"text\":\"(10.12) Xylem Deferred Compensation Plan\"}],\"order\":11,\"text\":\"(10.12) Xylem Deferred Compensation Plan\"},{\"bbox\":[775.0,545.5,1162.9,631.2],\"lines\":[{\"bbox\":[775.0,545.5,1162.9,568.8],\"text\":\"Incorporated by reference to Exhibit 4.5 of\"},{\"bbox\":[775.0,566.3,1133.6,589.6],\"text\":\"Xylem Inc.’s Registration Statement on\"},{\"bbox\":[775.0,587.1,1147.5,610.4],\"text\":\"Form S-8 filed on October 28, 2011 (CIK\"},{\"bbox\":[775.0,608.0,1107.4,631.2],\"text\":\"No. 1524472, File No. 333-177607).\"}],\"order\":12,\"text\":\"Incorporated by reference to Exhibit 4.5 of\\nXylem Inc.’s Registration Statement on\\nForm S-8 filed on October 28, 2011 (CIK\\nNo. 1524472, File No. 333-177607).\"},{\"bbox\":[133.9,646.3,568.6,690.4],\"lines\":[{\"bbox\":[133.9,646.3,568.6,669.6],\"text\":\"(10.13) Xylem Deferred Compensation Plan for\"},{\"bbox\":[206.3,667.1,433.1,690.4],\"text\":\"Non-Employee Directors\"}],\"order\":13,\"text\":\"(10.13) Xylem Deferred Compensation Plan for\\nNon-Employee Directors\"},{\"bbox\":[775.0,646.3,1162.9,732.1],\"lines\":[{\"bbox\":[775.0,646.3,1162.9,669.6],\"text\":\"Incorporated by reference to Exhibit 10.13\"},{\"bbox\":[775.0,667.1,1108.4,690.4],\"text\":\"of Xylem Inc.’s Form 10-Q Quarterly\"},{\"bbox\":[775.0,688.0,1146.7,711.2],\"text\":\"Report filed on November 11, 2011 (CIK\"},{\"bbox\":[775.0,708.8,1072.6,732.1],\"text\":\"No. 1524472, File No. 1-35229).\"}],\"order\":14,\"text\":\"Incorporated by reference to Exhibit 10.13\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\"},{\"bbox\":[133.9,748.4,558.3,771.7],\"lines\":[{\"bbox\":[133.9,748.4,558.3,771.7],\"text\":\"(10.14) Xylem Enhanced Severance Pay Plan\"}],\"order\":15,\"text\":\"(10.14) Xylem Enhanced Severance Pay Plan\"},{\"bbox\":[775.0,748.4,1162.9,834.2],\"lines\":[{\"bbox\":[775.0,748.4,1162.9,771.7],\"text\":\"Incorporated by reference to Exhibit 10.14\"},{\"bbox\":[775.0,769.2,1108.4,792.5],\"text\":\"of Xylem Inc.’s Form 10-Q Quarterly\"},{\"bbox\":[775.0,790.1,1146.7,813.3],\"text\":\"Report filed on November 11, 2011 (CIK\"},{\"bbox\":[775.0,810.9,1072.6,834.2],\"text\":\"No. 1524472, File No. 1-35229).\"}],\"order\":16,\"text\":\"Incorporated by reference to Exhibit 10.14\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\"},{\"bbox\":[133.9,850.5,694.9,873.8],\"lines\":[{\"bbox\":[133.9,850.5,694.9,873.8],\"text\":\"(10.15) Xylem Special Senior Executive Severance Pay Plan\"}],\"order\":17,\"text\":\"(10.15) Xylem Special Senior Executive Severance Pay Plan\"},{\"bbox\":[775.0,850.5,1162.9,936.2],\"lines\":[{\"bbox\":[775.0,850.5,1162.9,873.8],\"text\":\"Incorporated by reference to Exhibit 10.15\"},{\"bbox\":[775.0,871.3,1108.4,894.6],\"text\":\"of Xylem Inc.’s Form 10-Q Quarterly\"},{\"bbox\":[775.0,892.1,1146.7,915.4],\"text\":\"Report filed on November 11, 2011 (CIK\"},{\"bbox\":[775.0,913.0,1072.6,936.2],\"text\":\"No. 1524472, File No. 1-35229).\"}],\"order\":18,\"text\":\"Incorporated by reference to Exhibit 10.15\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\"},{\"bbox\":[133.9,952.6,620.8,975.8],\"lines\":[{\"bbox\":[133.9,952.6,620.8,975.8],\"text\":\"(10.16) Xylem Senior Executive Severance Pay Plan\"}],\"order\":19,\"text\":\"(10.16) Xylem Senior Executive Severance Pay Plan\"},{\"bbox\":[775.0,952.6,1162.9,1038.3],\"lines\":[{\"bbox\":[775.0,952.6,1162.9,975.8],\"text\":\"Incorporated by reference to Exhibit 10.16\"},{\"bbox\":[775.0,973.4,1108.4,996.7],\"text\":\"of Xylem Inc.’s Form 10-Q Quarterly\"},{\"bbox\":[775.0,994.2,1146.7,1017.5],\"text\":\"Report filed on November 11, 2011 (CIK\"},{\"bbox\":[775.0,1015.1,1072.6,1038.3],\"text\":\"No. 1524472, File No. 1-35229).\"}],\"order\":20,\"text\":\"Incorporated by reference to Exhibit 10.16\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\"},{\"bbox\":[133.9,1054.6,1162.9,1140.4],\"lines\":[{\"bbox\":[133.9,1054.6,722.7,1077.9],\"text\":\"(10.17) Form of Xylem 2011 Omnibus Incentive Plan 2011 Non-\"},{\"bbox\":[775.0,1054.6,1162.9,1077.9],\"text\":\"Incorporated by reference to Exhibit 10.17\"},{\"bbox\":[206.3,1075.5,1108.4,1098.8],\"text\":\"Qualified Stock Option Award Agreement — Founders Grant of Xylem Inc.’s Form 10-Q Quarterly\"},{\"bbox\":[775.0,1096.3,1146.7,1119.6],\"text\":\"Report filed on November 11, 2011 (CIK\"},{\"bbox\":[775.0,1117.1,1072.6,1140.4],\"text\":\"No. 1524472, File No. 1-35229).\"}],\"order\":21,\"text\":\"(10.17) Form of Xylem 2011 Omnibus Incentive Plan 2011 Non-\\nIncorporated by reference to Exhibit 10.17\\nQualified Stock Option Award Agreement — Founders Grant of Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\"},{\"bbox\":[133.9,1156.7,752.8,1200.8],\"lines\":[{\"bbox\":[133.9,1156.7,752.8,1180.0],\"text\":\"(10.18) Form of Xylem 2011 Omnibus Incentive Plan Non-Qualified\"},{\"bbox\":[206.3,1177.6,662.5,1200.8],\"text\":\"Stock Option Award Agreement — General Grant\"}],\"order\":22,\"text\":\"(10.18) Form of Xylem 2011 Omnibus Incentive Plan Non-Qualified\\nStock Option Award Agreement — General Grant\"},{\"bbox\":[775.0,1156.7,1162.9,1242.5],\"lines\":[{\"bbox\":[775.0,1156.7,1162.9,1180.0],\"text\":\"Incorporated by reference to Exhibit 10.18\"},{\"bbox\":[775.0,1177.6,1108.4,1200.8],\"text\":\"of Xylem Inc.’s Form 10-Q Quarterly\"},{\"bbox\":[775.0,1198.4,1146.7,1221.7],\"text\":\"Report filed on November 11, 2011 (CIK\"},{\"bbox\":[775.0,1219.2,1072.6,1242.5],\"text\":\"No. 1524472, File No. 1-35229).\"}],\"order\":23,\"text\":\"Incorporated by reference to Exhibit 10.18\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\"},{\"bbox\":[133.9,1260.9,1162.9,1346.7],\"lines\":[{\"bbox\":[133.9,1260.9,1151.4,1284.2],\"text\":\"(10.19) Letter agreement dated September 8, 2013 between Steven Incorporated by reference to Exhibit 10.1\"},{\"bbox\":[206.3,1281.7,459.8,1305.0],\"text\":\"R. Loranger and Xylem Inc.\"},{\"bbox\":[775.0,1281.7,1107.8,1305.0],\"text\":\"of Xylem Inc.'s Form 10-Q Quarterly\"},{\"bbox\":[775.0,1302.6,1162.9,1325.8],\"text\":\"Report filed on October 29, 2013 (CIK No.\"},{\"bbox\":[775.0,1323.4,1034.4,1346.7],\"text\":\"1524472, File No. 1-35229).\"}],\"order\":24,\"text\":\"(10.19) Letter agreement dated September 8, 2013 between Steven Incorporated by reference to Exhibit 10.1\\nR. Loranger and Xylem Inc.\\nof Xylem Inc.'s Form 10-Q Quarterly\\nReport filed on October 29, 2013 (CIK No.\\n1524472, File No. 1-35229).\"},{\"bbox\":[133.9,1365.1,751.6,1409.2],\"lines\":[{\"bbox\":[133.9,1365.1,751.6,1388.3],\"text\":\"(10.20) Form of Xylem 2011 Omnibus Incentive Plan-Performance\"},{\"bbox\":[206.3,1385.9,412.4,1409.2],\"text\":\"Share Unit Agreement\"}],\"order\":25,\"text\":\"(10.20) Form of Xylem 2011 Omnibus Incentive Plan-Performance\\nShare Unit Agreement\"},{\"bbox\":[621.8,1566.5,653.0,1587.4],\"lines\":[{\"bbox\":[621.8,1566.5,653.0,1587.4],\"text\":\"109\"}],\"order\":26,\"text\":\"109\"},{\"bbox\":[775.0,1365.1,1151.4,1450.8],\"lines\":[{\"bbox\":[775.0,1365.1,1151.4,1388.3],\"text\":\"Incorporated by reference to Exhibit 10.3\"},{\"bbox\":[775.0,1385.9,1107.8,1409.2],\"text\":\"of Xylem Inc.'s Form 10-Q Quarterly\"},{\"bbox\":[775.0,1406.7,1130.5,1430.0],\"text\":\"Report filed on April 30, 2013 (CIK No.\"},{\"bbox\":[775.0,1427.6,1034.4,1450.8],\"text\":\"1524472, File No. 1-35229).\"}],\"order\":27,\"text\":\"Incorporated by reference to Exhibit 10.3\\nof Xylem Inc.'s Form 10-Q Quarterly\\nReport filed on April 30, 2013 (CIK No.\\n1524472, File No. 1-35229).\"}],\"doc\":\"fintabnet:XYL_2013\",\"dpi\":150,\"image_px\":[1275,1650],\"layout\":[],\"markdown\":\"Exhibit\\nNumber\\n\\nDescription\\n\\nLocation\\n\\n(10.8) Xylem 1997 Annual Incentive Plan\\n\\nIncorporated by reference to Exhibit 10.8\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.9) Xylem Annual Incentive Plan for Executive Officers\\n\\nIncorporated by reference to Exhibit 10.9\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.10) Xylem Retirement Savings Plan\\n\\nIncorporated by reference to Exhibit 10.1\\nof Xylem Inc.’s Form 10-Q filed on July\\n30, 2013 (CIK No. 1524472, File\\nNo. 1-35229).\\n\\n(10.11) Xylem Supplemental Retirement Savings Plan\\n\\nIncorporated by reference to Exhibit 10.11\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.12) Xylem Deferred Compensation Plan\\n\\nIncorporated by reference to Exhibit 4.5 of\\nXylem Inc.’s Registration Statement on\\nForm S-8 filed on October 28, 2011 (CIK\\nNo. 1524472, File No. 333-177607).\\n\\n(10.13) Xylem Deferred Compensation Plan for\\nNon-Employee Directors\\n\\nIncorporated by reference to Exhibit 10.13\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.14) Xylem Enhanced Severance Pay Plan\\n\\nIncorporated by reference to Exhibit 10.14\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.15) Xylem Special Senior Executive Severance Pay Plan\\n\\nIncorporated by reference to Exhibit 10.15\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.16) Xylem Senior Executive Severance Pay Plan\\n\\nIncorporated by reference to Exhibit 10.16\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.17) Form of Xylem 2011 Omnibus Incentive Plan 2011 Non-\\nIncorporated by reference to Exhibit 10.17\\nQualified Stock Option Award Agreement — Founders Grant of Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.18) Form of Xylem 2011 Omnibus Incentive Plan Non-Qualified\\nStock Option Award Agreement — General Grant\\n\\nIncorporated by reference to Exhibit 10.18\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.19) Letter agreement dated September 8, 2013 between Steven Incorporated by reference to Exhibit 10.1\\nR. Loranger and Xylem Inc.\\nof Xylem Inc.'s Form 10-Q Quarterly\\nReport filed on October 29, 2013 (CIK No.\\n1524472, File No. 1-35229).\\n\\n(10.20) Form of Xylem 2011 Omnibus Incentive Plan-Performance\\nShare Unit Agreement\\n\\n109\\n\\nIncorporated by reference to Exhibit 10.3\\nof Xylem Inc.'s Form 10-Q Quarterly\\nReport filed on April 30, 2013 (CIK No.\\n1524472, File No. 1-35229).\",\"name\":\"fintabnet.XYL_2013_page_115__150dpi_mild\",\"page_id\":\"fintabnet.XYL_2013_page_115\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"XYL_2013_page_115\",\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.485},{\"op\":\"noise\",\"sigma\":2.365},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[120.5,93.8,1162.9,1450.8],\"block_orders\":[0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23,24,25,27],\"cells\":null}],\"text\":\"Exhibit\\nNumber\\n\\nDescription\\n\\nLocation\\n\\n(10.8) Xylem 1997 Annual Incentive Plan\\n\\nIncorporated by reference to Exhibit 10.8\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.9) Xylem Annual Incentive Plan for Executive Officers\\n\\nIncorporated by reference to Exhibit 10.9\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.10) Xylem Retirement Savings Plan\\n\\nIncorporated by reference to Exhibit 10.1\\nof Xylem Inc.’s Form 10-Q filed on July\\n30, 2013 (CIK No. 1524472, File\\nNo. 1-35229).\\n\\n(10.11) Xylem Supplemental Retirement Savings Plan\\n\\nIncorporated by reference to Exhibit 10.11\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.12) Xylem Deferred Compensation Plan\\n\\nIncorporated by reference to Exhibit 4.5 of\\nXylem Inc.’s Registration Statement on\\nForm S-8 filed on October 28, 2011 (CIK\\nNo. 1524472, File No. 333-177607).\\n\\n(10.13) Xylem Deferred Compensation Plan for\\nNon-Employee Directors\\n\\nIncorporated by reference to Exhibit 10.13\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.14) Xylem Enhanced Severance Pay Plan\\n\\nIncorporated by reference to Exhibit 10.14\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.15) Xylem Special Senior Executive Severance Pay Plan\\n\\nIncorporated by reference to Exhibit 10.15\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.16) Xylem Senior Executive Severance Pay Plan\\n\\nIncorporated by reference to Exhibit 10.16\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.17) Form of Xylem 2011 Omnibus Incentive Plan 2011 Non-\\nIncorporated by reference to Exhibit 10.17\\nQualified Stock Option Award Agreement — Founders Grant of Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.18) Form of Xylem 2011 Omnibus Incentive Plan Non-Qualified\\nStock Option Award Agreement — General Grant\\n\\nIncorporated by reference to Exhibit 10.18\\nof Xylem Inc.’s Form 10-Q Quarterly\\nReport filed on November 11, 2011 (CIK\\nNo. 1524472, File No. 1-35229).\\n\\n(10.19) Letter agreement dated September 8, 2013 between Steven Incorporated by reference to Exhibit 10.1\\nR. Loranger and Xylem Inc.\\nof Xylem Inc.'s Form 10-Q Quarterly\\nReport filed on October 29, 2013 (CIK No.\\n1524472, File No. 1-35229).\\n\\n(10.20) Form of Xylem 2011 Omnibus Incentive Plan-Performance\\nShare Unit Agreement\\n\\n109\\n\\nIncorporated by reference to Exhibit 10.3\\nof Xylem Inc.'s Form 10-Q Quarterly\\nReport filed on April 30, 2013 (CIK No.\\n1524472, File No. 1-35229).\"},\"name\":\"fintabnet.XYL_2013_page_115__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":884961,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:XYL_2013\",\"dpi\":150,\"gt_sha256\":\"b9f83c9157c25fad56f85f7aaf1731e23e42860252154a89633d829ac454d66c\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.XYL_2013_page_115__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.XYL_2013_page_115\",\"pdf_sha256\":\"e17ce08b9facb89159006f5f4f1241f5bc20090637c364554db6a1ce87b33ba7\",\"px\":[1275,1650],\"scan\":{\"render\":\"0000263c003c003c003c003c1c3c003c003c003c1ffc1ffc1c7c187c00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"XYL_2013_page_115\",\"src\":{\"file_sha256\":\"bb66e8b1073522c3e3620711cb25710318b83f0c5e0315f96e96c9fbfc26236b\",\"render\":\"00007e7e003c003c003c003c3c3c003c003c003c1ffc1ffc1c7c387c00000000\",\"text\":\"5c46e2b4ce124adb3521e612fb327771b7299b2fb43ed64be84779f93aab01ab\"},\"stack\":[{\"kind\":\"gaussian\",\"op\":\"blur\",\"sigma\":0.485},{\"op\":\"noise\",\"sigma\":2.365},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"e17ce08b9facb89159006f5f4f1241f5bc20090637c364554db6a1ce87b33ba7\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/e17ce08b9facb89159006f5f4f1241f5bc20090637c364554db6a1ce87b33ba7.pdf","asset_sha256":"e17ce08b9facb89159006f5f4f1241f5bc20090637c364554db6a1ce87b33ba7","document_id":"fintabnet:XYL_2013","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"XYL_2013_page_115\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"YUM_2015_page_159\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:YUM_2015\",\"ground_truth\":{\"blocks\":[{\"bbox\":[2173.6,76.6,2320.5,123.0],\"lines\":[{\"bbox\":[2173.6,76.6,2320.5,123.0],\"text\":\"PART II PART II\"}],\"order\":0,\"text\":\"PART II PART II\"},{\"bbox\":[1479.7,123.3,2309.5,164.6],\"lines\":[{\"bbox\":[1479.7,123.3,2309.5,164.6],\"text\":\"Item 8 Financial Statements and Supplementary Data\"}],\"order\":1,\"text\":\"Item 8 Financial Statements and Supplementary Data\"},{\"bbox\":[177.6,275.0,2310.1,354.4],\"lines\":[{\"bbox\":[177.6,275.0,2310.1,314.4],\"text\":\"The annual maturities of short-term borrowings and long-term debt as of December 26, 2015, excluding capital lease obligations of $169 million and fair value\"},{\"bbox\":[177.6,315.0,981.8,354.4],\"text\":\"hedge accounting adjustments of $1 million, are as follows:\"}],\"order\":2,\"text\":\"The annual maturities of short-term borrowings and long-term debt as of December 26, 2015, excluding capital lease obligations of $169 million and fair value\\nhedge accounting adjustments of $1 million, are as follows:\"},{\"bbox\":[187.1,382.3,365.4,753.8],\"lines\":[{\"bbox\":[187.1,382.3,365.4,422.0],\"text\":\"Year ended:\"},{\"bbox\":[187.1,429.9,261.2,469.3],\"text\":\"2016\"},{\"bbox\":[187.1,477.4,261.2,516.7],\"text\":\"2017\"},{\"bbox\":[187.1,524.8,261.2,564.2],\"text\":\"2018\"},{\"bbox\":[187.1,572.2,261.2,611.6],\"text\":\"2019\"},{\"bbox\":[187.1,619.6,261.2,659.0],\"text\":\"2020\"},{\"bbox\":[187.1,667.1,331.6,706.4],\"text\":\"Thereafter\"},{\"bbox\":[187.1,714.5,253.8,753.8],\"text\":\"Total\"}],\"order\":3,\"text\":\"Year ended:\\n2016\\n2017\\n2018\\n2019\\n2020\\nThereafter\\nTotal\"},{\"bbox\":[2161.1,429.9,2179.6,469.3],\"lines\":[{\"bbox\":[2161.1,429.9,2179.6,469.3],\"text\":\"$\"}],\"order\":4,\"text\":\"$\"},{\"bbox\":[2161.1,429.9,2285.9,753.8],\"lines\":[{\"bbox\":[2230.3,429.9,2285.9,469.3],\"text\":\"909\"},{\"bbox\":[2230.3,477.4,2285.9,516.7],\"text\":\"701\"},{\"bbox\":[2230.3,524.8,2285.9,564.2],\"text\":\"325\"},{\"bbox\":[2230.3,572.2,2285.9,611.6],\"text\":\"250\"},{\"bbox\":[2230.3,619.6,2285.9,659.0],\"text\":\"350\"},{\"bbox\":[2202.5,667.1,2285.9,706.4],\"text\":\"1,275\"},{\"bbox\":[2161.1,714.5,2285.9,753.8],\"text\":\"$ 3,810\"}],\"order\":5,\"text\":\"909\\n701\\n325\\n250\\n350\\n1,275\\n$ 3,810\"},{\"bbox\":[177.6,784.8,2310.0,904.1],\"lines\":[{\"bbox\":[177.6,784.8,2310.0,824.1],\"text\":\"Interest expense on short-term borrowings and long-term debt was $155 million, $152 million and $270 million in 2015, 2014 and 2013, respectively.\"},{\"bbox\":[177.6,824.8,2309.7,864.1],\"text\":\"2013 included $118 million in losses recorded in Interest expense, net as a result of premiums paid and other costs related to the extinguishment of\"},{\"bbox\":[177.6,864.8,1555.6,904.1],\"text\":\"debt. See Losses Related to the Extinguishment of Debt section of Note 4 for further discussion.\"}],\"order\":6,\"text\":\"Interest expense on short-term borrowings and long-term debt was $155 million, $152 million and $270 million in 2015, 2014 and 2013, respectively.\\n2013 included $118 million in losses recorded in Interest expense, net as a result of premiums paid and other costs related to the extinguishment of\\ndebt. See Losses Related to the Extinguishment of Debt section of Note 4 for further discussion.\"},{\"bbox\":[177.6,994.1,388.4,1057.6],\"lines\":[{\"bbox\":[177.6,994.1,388.4,1057.6],\"text\":\"NOTE 11\"}],\"order\":7,\"text\":\"NOTE 11\"},{\"bbox\":[449.3,994.1,618.1,1057.6],\"lines\":[{\"bbox\":[449.3,994.1,618.1,1057.6],\"text\":\"Leases\"}],\"order\":8,\"text\":\"Leases\"},{\"bbox\":[177.6,1112.5,1203.3,1311.9],\"lines\":[{\"bbox\":[177.6,1112.5,1201.9,1151.9],\"text\":\"At December 26, 2015 we operated more than 8,900 restaurants, leasing the\"},{\"bbox\":[177.6,1152.5,1203.3,1191.8],\"text\":\"underlying land and/or building in approximately 8,025 of those restaurants\"},{\"bbox\":[177.6,1192.5,1202.8,1231.9],\"text\":\"with the vast majority of our commitments expiring within 20 years from\"},{\"bbox\":[177.6,1232.5,1202.1,1271.9],\"text\":\"the inception of the lease. In addition, the Company leases or subleases\"},{\"bbox\":[177.6,1272.5,1203.1,1311.9],\"text\":\"approximately 825 units to franchisees, principally in the U.S., UK and China.\"}],\"order\":9,\"text\":\"At December 26, 2015 we operated more than 8,900 restaurants, leasing the\\nunderlying land and/or building in approximately 8,025 of those restaurants\\nwith the vast majority of our commitments expiring within 20 years from\\nthe inception of the lease. In addition, the Company leases or subleases\\napproximately 825 units to franchisees, principally in the U.S., UK and China.\"},{\"bbox\":[1285.2,1112.5,2310.9,1271.9],\"lines\":[{\"bbox\":[1285.2,1112.5,2310.0,1151.9],\"text\":\"We also lease office space for headquarters and support functions, as well\"},{\"bbox\":[1285.2,1152.5,2310.9,1191.8],\"text\":\"as certain office and restaurant equipment. We do not consider any of these\"},{\"bbox\":[1285.2,1192.5,2310.4,1231.9],\"text\":\"individual leases material to our operations. Most leases require us to pay related\"},{\"bbox\":[1285.2,1232.5,2310.0,1271.9],\"text\":\"executory costs, which include property taxes, maintenance and insurance.\"}],\"order\":10,\"text\":\"We also lease office space for headquarters and support functions, as well\\nas certain office and restaurant equipment. We do not consider any of these\\nindividual leases material to our operations. Most leases require us to pay related\\nexecutory costs, which include property taxes, maintenance and insurance.\"},{\"bbox\":[177.6,1336.1,1959.0,1375.5],\"lines\":[{\"bbox\":[177.6,1336.1,1959.0,1375.5],\"text\":\"Future minimum commitments and amounts to be received as lessor or sublessor under non-cancelable leases are set forth below:\"}],\"order\":11,\"text\":\"Future minimum commitments and amounts to be received as lessor or sublessor under non-cancelable leases are set forth below:\"},{\"bbox\":[1393.4,1415.1,2285.9,1834.1],\"lines\":[{\"bbox\":[1452.9,1415.1,1666.2,1454.9],\"text\":\"Commitments\"},{\"bbox\":[1896.9,1415.1,2178.9,1454.9],\"text\":\"Lease Receivables\"},{\"bbox\":[1411.5,1462.6,1518.2,1502.3],\"text\":\"Capital\"},{\"bbox\":[1616.1,1462.6,2037.9,1502.3],\"text\":\"Operating Direct Financing\"},{\"bbox\":[2135.8,1462.6,2285.9,1502.3],\"text\":\"Operating\"},{\"bbox\":[1393.4,1510.3,1411.9,1549.6],\"text\":\"$\"},{\"bbox\":[1481.1,1510.3,1518.2,1549.6],\"text\":\"20\"},{\"bbox\":[1641.4,1510.3,1659.9,1549.6],\"text\":\"$\"},{\"bbox\":[1710.6,1510.3,1766.2,1549.6],\"text\":\"672\"},{\"bbox\":[1913.0,1510.3,1931.6,1549.6],\"text\":\"$\"},{\"bbox\":[2019.3,1510.3,2037.9,1549.6],\"text\":\"2\"},{\"bbox\":[2161.1,1510.3,2179.6,1549.6],\"text\":\"$\"},{\"bbox\":[2248.8,1510.3,2285.9,1549.6],\"text\":\"55\"},{\"bbox\":[1481.1,1557.7,1518.2,1597.0],\"text\":\"20\"},{\"bbox\":[1710.6,1557.7,1766.2,1597.0],\"text\":\"620\"},{\"bbox\":[2019.3,1557.7,2037.9,1597.0],\"text\":\"2\"},{\"bbox\":[2248.8,1557.7,2285.9,1597.0],\"text\":\"50\"},{\"bbox\":[1481.1,1605.1,1518.2,1644.5],\"text\":\"20\"},{\"bbox\":[1710.6,1605.1,1766.2,1644.5],\"text\":\"569\"},{\"bbox\":[2019.3,1605.1,2037.9,1644.5],\"text\":\"2\"},{\"bbox\":[2248.8,1605.1,2285.9,1644.5],\"text\":\"47\"},{\"bbox\":[1481.1,1652.5,1518.2,1691.9],\"text\":\"20\"},{\"bbox\":[1710.6,1652.5,1766.2,1691.9],\"text\":\"516\"},{\"bbox\":[2019.3,1652.5,2037.9,1691.9],\"text\":\"2\"},{\"bbox\":[2248.8,1652.5,2285.9,1691.9],\"text\":\"40\"},{\"bbox\":[1481.1,1699.9,1518.2,1739.3],\"text\":\"19\"},{\"bbox\":[1710.6,1699.9,1766.2,1739.3],\"text\":\"457\"},{\"bbox\":[2019.3,1699.9,2037.9,1739.3],\"text\":\"1\"},{\"bbox\":[2248.8,1699.9,2285.9,1739.3],\"text\":\"33\"},{\"bbox\":[1462.6,1747.4,1518.2,1786.7],\"text\":\"188\"},{\"bbox\":[1682.8,1747.4,1766.2,1786.7],\"text\":\"2,123\"},{\"bbox\":[2019.3,1747.4,2037.9,1786.7],\"text\":\"3\"},{\"bbox\":[2230.3,1747.4,2285.9,1786.7],\"text\":\"125\"},{\"bbox\":[1393.4,1794.8,1411.9,1834.1],\"text\":\"$\"},{\"bbox\":[1462.6,1794.8,1518.2,1834.1],\"text\":\"287\"},{\"bbox\":[1641.4,1794.8,1766.2,1834.1],\"text\":\"$ 4,957\"},{\"bbox\":[1913.0,1794.8,1931.6,1834.1],\"text\":\"$\"},{\"bbox\":[2000.8,1794.8,2037.9,1834.1],\"text\":\"12\"},{\"bbox\":[2161.1,1794.8,2179.6,1834.1],\"text\":\"$\"},{\"bbox\":[2230.3,1794.8,2285.9,1834.1],\"text\":\"350\"}],\"order\":12,\"text\":\"Commitments\\nLease Receivables\\nCapital\\nOperating Direct Financing\\nOperating\\n$\\n20\\n$\\n672\\n$\\n2\\n$\\n55\\n20\\n620\\n2\\n50\\n20\\n569\\n2\\n47\\n20\\n516\\n2\\n40\\n19\\n457\\n1\\n33\\n188\\n2,123\\n3\\n125\\n$\\n287\\n$ 4,957\\n$\\n12\\n$\\n350\"},{\"bbox\":[187.1,1510.3,331.6,1786.7],\"lines\":[{\"bbox\":[187.1,1510.3,261.2,1549.6],\"text\":\"2016\"},{\"bbox\":[187.1,1557.7,261.2,1597.0],\"text\":\"2017\"},{\"bbox\":[187.1,1605.1,261.2,1644.5],\"text\":\"2018\"},{\"bbox\":[187.1,1652.5,261.2,1691.9],\"text\":\"2019\"},{\"bbox\":[187.1,1699.9,261.2,1739.3],\"text\":\"2020\"},{\"bbox\":[187.1,1747.4,331.6,1786.7],\"text\":\"Thereafter\"}],\"order\":13,\"text\":\"2016\\n2017\\n2018\\n2019\\n2020\\nThereafter\"},{\"bbox\":[177.6,1865.1,2311.9,1944.4],\"lines\":[{\"bbox\":[177.6,1865.1,2311.9,1904.4],\"text\":\"At December 26, 2015 and December 27, 2014, the present value of minimum payments under capital leases was $169 million and $175 million, respectively.\"},{\"bbox\":[177.6,1905.1,1629.5,1944.4],\"text\":\"At December 26, 2015, unearned income associated with direct financing lease receivables was $3 million.\"}],\"order\":14,\"text\":\"At December 26, 2015 and December 27, 2014, the present value of minimum payments under capital leases was $169 million and $175 million, respectively.\\nAt December 26, 2015, unearned income associated with direct financing lease receivables was $3 million.\"},{\"bbox\":[1813.9,2047.7,1884.3,2087.5],\"lines\":[{\"bbox\":[1813.9,2047.7,1884.3,2087.5],\"text\":\"2015\"}],\"order\":15,\"text\":\"2015\"},{\"bbox\":[187.1,2095.2,432.1,2229.6],\"lines\":[{\"bbox\":[187.1,2095.2,432.1,2134.9],\"text\":\"Rental expense\"},{\"bbox\":[187.1,2142.8,318.5,2182.2],\"text\":\"Minimum\"},{\"bbox\":[187.1,2190.3,344.5,2229.6],\"text\":\"Contingent\"}],\"order\":16,\"text\":\"Rental expense\\nMinimum\\nContingent\"},{\"bbox\":[1759.5,2142.8,1778.0,2182.2],\"lines\":[{\"bbox\":[1759.5,2142.8,1778.0,2182.2],\"text\":\"$\"}],\"order\":17,\"text\":\"$\"},{\"bbox\":[1759.5,2142.8,1884.3,2324.6],\"lines\":[{\"bbox\":[1828.7,2142.8,1884.3,2182.2],\"text\":\"737\"},{\"bbox\":[1828.7,2190.3,1884.3,2229.6],\"text\":\"294\"},{\"bbox\":[1759.5,2237.4,1884.3,2277.2],\"text\":\"$ 1,031\"},{\"bbox\":[1759.5,2284.8,1778.0,2324.6],\"text\":\"$\"},{\"bbox\":[1847.3,2284.8,1884.3,2324.6],\"text\":\"97\"}],\"order\":18,\"text\":\"737\\n294\\n$ 1,031\\n$\\n97\"},{\"bbox\":[187.1,2284.8,416.0,2324.6],\"lines\":[{\"bbox\":[187.1,2284.8,416.0,2324.6],\"text\":\"Rental income\"}],\"order\":19,\"text\":\"Rental income\"},{\"bbox\":[177.6,2421.1,388.4,2484.7],\"lines\":[{\"bbox\":[177.6,2421.1,388.4,2484.7],\"text\":\"NOTE 12\"}],\"order\":20,\"text\":\"NOTE 12\"},{\"bbox\":[2014.7,2047.7,2085.1,2087.5],\"lines\":[{\"bbox\":[2014.7,2047.7,2085.1,2087.5],\"text\":\"2014\"}],\"order\":21,\"text\":\"2014\"},{\"bbox\":[1960.3,2142.8,1978.8,2182.2],\"lines\":[{\"bbox\":[1960.3,2142.8,1978.8,2182.2],\"text\":\"$\"}],\"order\":22,\"text\":\"$\"},{\"bbox\":[1960.3,2142.8,2085.1,2324.6],\"lines\":[{\"bbox\":[2029.5,2142.8,2085.1,2182.2],\"text\":\"766\"},{\"bbox\":[2029.5,2190.3,2085.1,2229.6],\"text\":\"302\"},{\"bbox\":[1960.3,2237.4,2085.1,2277.2],\"text\":\"$ 1,068\"},{\"bbox\":[1960.3,2284.8,1978.8,2324.6],\"text\":\"$\"},{\"bbox\":[2029.5,2284.8,2085.1,2324.6],\"text\":\"103\"}],\"order\":23,\"text\":\"766\\n302\\n$ 1,068\\n$\\n103\"},{\"bbox\":[2401.6,1994.3,2440.7,2148.6],\"lines\":[{\"bbox\":[2401.6,1994.3,2440.7,2148.6],\"text\":\"Form 10-K\"}],\"order\":24,\"text\":\"Form 10-K\"},{\"bbox\":[177.6,1968.7,1006.5,2008.1],\"lines\":[{\"bbox\":[177.6,1968.7,1006.5,2008.1],\"text\":\"The details of rental expense and income are set forth below:\"}],\"order\":25,\"text\":\"The details of rental expense and income are set forth below:\"},{\"bbox\":[2215.5,2047.7,2285.9,2087.5],\"lines\":[{\"bbox\":[2215.5,2047.7,2285.9,2087.5],\"text\":\"2013\"}],\"order\":26,\"text\":\"2013\"},{\"bbox\":[2161.1,2142.8,2179.6,2182.2],\"lines\":[{\"bbox\":[2161.1,2142.8,2179.6,2182.2],\"text\":\"$\"}],\"order\":27,\"text\":\"$\"},{\"bbox\":[2161.1,2142.8,2285.9,2324.6],\"lines\":[{\"bbox\":[2230.3,2142.8,2285.9,2182.2],\"text\":\"759\"},{\"bbox\":[2230.3,2190.3,2285.9,2229.6],\"text\":\"293\"},{\"bbox\":[2161.1,2237.4,2285.9,2277.2],\"text\":\"$ 1,052\"},{\"bbox\":[2161.1,2284.8,2179.6,2324.6],\"text\":\"$\"},{\"bbox\":[2248.8,2284.8,2285.9,2324.6],\"text\":\"94\"}],\"order\":28,\"text\":\"759\\n293\\n$ 1,052\\n$\\n94\"},{\"bbox\":[463.6,2421.1,986.1,2484.7],\"lines\":[{\"bbox\":[463.6,2421.1,986.1,2484.7],\"text\":\"Fair Value Disclosures\"}],\"order\":29,\"text\":\"Fair Value Disclosures\"},{\"bbox\":[177.6,2539.5,1203.1,2738.9],\"lines\":[{\"bbox\":[177.6,2539.5,1202.6,2578.9],\"text\":\"As of December 26, 2015 the carrying values of cash and cash equivalents,\"},{\"bbox\":[177.6,2579.5,1203.1,2618.9],\"text\":\"short-term investments, accounts receivable and accounts payable approximated\"},{\"bbox\":[177.6,2619.5,1202.6,2658.9],\"text\":\"their fair values because of the short-term nature of these instruments. The\"},{\"bbox\":[177.6,2659.5,1202.9,2698.9],\"text\":\"fair value of notes receivable net of allowances and lease guarantees less\"},{\"bbox\":[177.6,2699.5,1202.6,2738.9],\"text\":\"subsequent amortization approximates their carrying value. The Company’s\"}],\"order\":30,\"text\":\"As of December 26, 2015 the carrying values of cash and cash equivalents,\\nshort-term investments, accounts receivable and accounts payable approximated\\ntheir fair values because of the short-term nature of these instruments. The\\nfair value of notes receivable net of allowances and lease guarantees less\\nsubsequent amortization approximates their carrying value. The Company’s\"},{\"bbox\":[1285.2,2539.5,2310.1,2698.9],\"lines\":[{\"bbox\":[1285.2,2539.5,2310.1,2578.9],\"text\":\"debt obligations, excluding capital leases, were estimated to have a fair value\"},{\"bbox\":[1285.2,2579.5,2310.0,2618.9],\"text\":\"of $3.7 billion (Level 2), compared to their carrying value of $3.8 billion. We\"},{\"bbox\":[1285.2,2619.5,2310.1,2658.9],\"text\":\"estimated the fair value of debt using market quotes and calculations based\"},{\"bbox\":[1285.2,2659.5,1508.1,2698.9],\"text\":\"on market rates.\"}],\"order\":31,\"text\":\"debt obligations, excluding capital leases, were estimated to have a fair value\\nof $3.7 billion (Level 2), compared to their carrying value of $3.8 billion. We\\nestimated the fair value of debt using market quotes and calculations based\\non market rates.\"},{\"bbox\":[1705.3,3135.0,2303.2,3176.7],\"lines\":[{\"bbox\":[1705.3,3135.0,2303.2,3176.7],\"text\":\"YUM! BRANDS, INC. - 2015 Form 10-K\"}],\"order\":32,\"text\":\"YUM! BRANDS, INC. - 2015 Form 10-K\"},{\"bbox\":[2340.6,3135.2,2378.0,3176.7],\"lines\":[{\"bbox\":[2340.6,3135.2,2378.0,3176.7],\"text\":\"51\"}],\"order\":33,\"text\":\"51\"}],\"doc\":\"fintabnet:YUM_2015\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"PART II PART II\\n\\nItem 8 Financial Statements and Supplementary Data\\n\\nThe annual maturities of short-term borrowings and long-term debt as of December 26, 2015, excluding capital lease obligations of $169 million and fair value\\nhedge accounting adjustments of $1 million, are as follows:\\n\\nYear ended:\\n2016\\n2017\\n2018\\n2019\\n2020\\nThereafter\\nTotal\\n\\n$\\n\\n909\\n701\\n325\\n250\\n350\\n1,275\\n$ 3,810\\n\\nInterest expense on short-term borrowings and long-term debt was $155 million, $152 million and $270 million in 2015, 2014 and 2013, respectively.\\n2013 included $118 million in losses recorded in Interest expense, net as a result of premiums paid and other costs related to the extinguishment of\\ndebt. See Losses Related to the Extinguishment of Debt section of Note 4 for further discussion.\\n\\nNOTE 11\\n\\nLeases\\n\\nAt December 26, 2015 we operated more than 8,900 restaurants, leasing the\\nunderlying land and/or building in approximately 8,025 of those restaurants\\nwith the vast majority of our commitments expiring within 20 years from\\nthe inception of the lease. In addition, the Company leases or subleases\\napproximately 825 units to franchisees, principally in the U.S., UK and China.\\n\\nWe also lease office space for headquarters and support functions, as well\\nas certain office and restaurant equipment. We do not consider any of these\\nindividual leases material to our operations. Most leases require us to pay related\\nexecutory costs, which include property taxes, maintenance and insurance.\\n\\nFuture minimum commitments and amounts to be received as lessor or sublessor under non-cancelable leases are set forth below:\\n\\nCommitments\\nLease Receivables\\nCapital\\nOperating Direct Financing\\nOperating\\n$\\n20\\n$\\n672\\n$\\n2\\n$\\n55\\n20\\n620\\n2\\n50\\n20\\n569\\n2\\n47\\n20\\n516\\n2\\n40\\n19\\n457\\n1\\n33\\n188\\n2,123\\n3\\n125\\n$\\n287\\n$ 4,957\\n$\\n12\\n$\\n350\\n\\n2016\\n2017\\n2018\\n2019\\n2020\\nThereafter\\n\\nAt December 26, 2015 and December 27, 2014, the present value of minimum payments under capital leases was $169 million and $175 million, respectively.\\nAt December 26, 2015, unearned income associated with direct financing lease receivables was $3 million.\\n\\n2015\\n\\nRental expense\\nMinimum\\nContingent\\n\\n$\\n\\n737\\n294\\n$ 1,031\\n$\\n97\\n\\nRental income\\n\\nNOTE 12\\n\\n2014\\n\\n$\\n\\n766\\n302\\n$ 1,068\\n$\\n103\\n\\nForm 10-K\\n\\nThe details of rental expense and income are set forth below:\\n\\n2013\\n\\n$\\n\\n759\\n293\\n$ 1,052\\n$\\n94\\n\\nFair Value Disclosures\\n\\nAs of December 26, 2015 the carrying values of cash and cash equivalents,\\nshort-term investments, accounts receivable and accounts payable approximated\\ntheir fair values because of the short-term nature of these instruments. The\\nfair value of notes receivable net of allowances and lease guarantees less\\nsubsequent amortization approximates their carrying value. The Company’s\\n\\ndebt obligations, excluding capital leases, were estimated to have a fair value\\nof $3.7 billion (Level 2), compared to their carrying value of $3.8 billion. We\\nestimated the fair value of debt using market quotes and calculations based\\non market rates.\\n\\nYUM! BRANDS, INC. - 2015 Form 10-K\\n\\n51\",\"name\":\"fintabnet.YUM_2015_page_159__300dpi_none\",\"page_id\":\"fintabnet.YUM_2015_page_159\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"YUM_2015_page_159\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[187.1,429.9,2285.9,753.8],\"block_orders\":[3,4,5],\"cells\":null},{\"bbox\":[187.1,1415.1,2285.9,1834.1],\"block_orders\":[12,13],\"cells\":null},{\"bbox\":[187.1,2047.7,2285.9,2324.6],\"block_orders\":[15,16,17,18,19,21,22,23,26,27,28],\"cells\":null}],\"text\":\"PART II PART II\\n\\nItem 8 Financial Statements and Supplementary Data\\n\\nThe annual maturities of short-term borrowings and long-term debt as of December 26, 2015, excluding capital lease obligations of $169 million and fair value\\nhedge accounting adjustments of $1 million, are as follows:\\n\\nYear ended:\\n2016\\n2017\\n2018\\n2019\\n2020\\nThereafter\\nTotal\\n\\n$\\n\\n909\\n701\\n325\\n250\\n350\\n1,275\\n$ 3,810\\n\\nInterest expense on short-term borrowings and long-term debt was $155 million, $152 million and $270 million in 2015, 2014 and 2013, respectively.\\n2013 included $118 million in losses recorded in Interest expense, net as a result of premiums paid and other costs related to the extinguishment of\\ndebt. See Losses Related to the Extinguishment of Debt section of Note 4 for further discussion.\\n\\nNOTE 11\\n\\nLeases\\n\\nAt December 26, 2015 we operated more than 8,900 restaurants, leasing the\\nunderlying land and/or building in approximately 8,025 of those restaurants\\nwith the vast majority of our commitments expiring within 20 years from\\nthe inception of the lease. In addition, the Company leases or subleases\\napproximately 825 units to franchisees, principally in the U.S., UK and China.\\n\\nWe also lease office space for headquarters and support functions, as well\\nas certain office and restaurant equipment. We do not consider any of these\\nindividual leases material to our operations. Most leases require us to pay related\\nexecutory costs, which include property taxes, maintenance and insurance.\\n\\nFuture minimum commitments and amounts to be received as lessor or sublessor under non-cancelable leases are set forth below:\\n\\nCommitments\\nLease Receivables\\nCapital\\nOperating Direct Financing\\nOperating\\n$\\n20\\n$\\n672\\n$\\n2\\n$\\n55\\n20\\n620\\n2\\n50\\n20\\n569\\n2\\n47\\n20\\n516\\n2\\n40\\n19\\n457\\n1\\n33\\n188\\n2,123\\n3\\n125\\n$\\n287\\n$ 4,957\\n$\\n12\\n$\\n350\\n\\n2016\\n2017\\n2018\\n2019\\n2020\\nThereafter\\n\\nAt December 26, 2015 and December 27, 2014, the present value of minimum payments under capital leases was $169 million and $175 million, respectively.\\nAt December 26, 2015, unearned income associated with direct financing lease receivables was $3 million.\\n\\n2015\\n\\nRental expense\\nMinimum\\nContingent\\n\\n$\\n\\n737\\n294\\n$ 1,031\\n$\\n97\\n\\nRental income\\n\\nNOTE 12\\n\\n2014\\n\\n$\\n\\n766\\n302\\n$ 1,068\\n$\\n103\\n\\nForm 10-K\\n\\nThe details of rental expense and income are set forth below:\\n\\n2013\\n\\n$\\n\\n759\\n293\\n$ 1,052\\n$\\n94\\n\\nFair Value Disclosures\\n\\nAs of December 26, 2015 the carrying values of cash and cash equivalents,\\nshort-term investments, accounts receivable and accounts payable approximated\\ntheir fair values because of the short-term nature of these instruments. The\\nfair value of notes receivable net of allowances and lease guarantees less\\nsubsequent amortization approximates their carrying value. The Company’s\\n\\ndebt obligations, excluding capital leases, were estimated to have a fair value\\nof $3.7 billion (Level 2), compared to their carrying value of $3.8 billion. We\\nestimated the fair value of debt using market quotes and calculations based\\non market rates.\\n\\nYUM! BRANDS, INC. - 2015 Form 10-K\\n\\n51\"},\"name\":\"fintabnet.YUM_2015_page_159__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":291289,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:YUM_2015\",\"dpi\":300,\"gt_sha256\":\"02d973b85200e2e0ad64fafed8805307ee1299c3ec8098565953f37dfb6cff9b\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.YUM_2015_page_159__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.YUM_2015_page_159\",\"pdf_sha256\":\"1f2c9e633f82e735245348113e2a39876a3e156b4ff2cea4fef5f1f723a15a1b\",\"px\":[2475,3225],\"scan\":{\"render\":\"0002000060027ffe3e407e707f78407e7ffe7ffb601f7fff7e407e0000000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"YUM_2015_page_159\",\"src\":{\"file_sha256\":\"a2cfae5413f203076ea7ac62ba5cbc3d6c98629a640e98aa056d10906107cae3\",\"render\":\"000200007ffe7ffe00007e7c7f00407e7ffe7ff3601f7fff7e003e0000000000\",\"text\":\"290a0f91bb8cf2da859b11b1d759489413964b0a18fb6273ea71656b92c20b02\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"1f2c9e633f82e735245348113e2a39876a3e156b4ff2cea4fef5f1f723a15a1b\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/1f2c9e633f82e735245348113e2a39876a3e156b4ff2cea4fef5f1f723a15a1b.pdf","asset_sha256":"1f2c9e633f82e735245348113e2a39876a3e156b4ff2cea4fef5f1f723a15a1b","document_id":"fintabnet:YUM_2015","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"YUM_2015_page_159\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"YUM_2016_page_157\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:YUM_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[66.7,29.5,113.5,41.3],\"lines\":[{\"bbox\":[66.7,29.5,113.5,41.3],\"text\":\"PART II\"}],\"order\":0,\"text\":\"PART II\"},{\"bbox\":[66.7,44.3,340.2,55.0],\"lines\":[{\"bbox\":[66.7,44.3,340.2,55.0],\"text\":\"ITEM 8 Financial Statements and Supplementary Data\"}],\"order\":1,\"text\":\"ITEM 8 Financial Statements and Supplementary Data\"},{\"bbox\":[66.7,99.7,357.5,109.8],\"lines\":[{\"bbox\":[66.7,99.7,357.5,109.8],\"text\":\"The details of rental expense and income are set forth below:\"}],\"order\":2,\"text\":\"The details of rental expense and income are set forth below:\"},{\"bbox\":[606.4,122.6,631.1,132.6],\"lines\":[{\"bbox\":[606.4,122.6,631.1,132.6],\"text\":\"2016\"}],\"order\":3,\"text\":\"2016\"},{\"bbox\":[661.7,122.6,686.4,132.6],\"lines\":[{\"bbox\":[661.7,122.6,686.4,132.6],\"text\":\"2015\"}],\"order\":4,\"text\":\"2015\"},{\"bbox\":[716.9,122.6,741.7,132.6],\"lines\":[{\"bbox\":[716.9,122.6,741.7,132.6],\"text\":\"2014\"}],\"order\":5,\"text\":\"2014\"},{\"bbox\":[70.1,143.5,151.8,153.4],\"lines\":[{\"bbox\":[70.1,143.5,151.8,153.4],\"text\":\"Rental expense\"}],\"order\":6,\"text\":\"Rental expense\"},{\"bbox\":[70.1,162.9,113.9,173.0],\"lines\":[{\"bbox\":[70.1,162.9,113.9,173.0],\"text\":\"Minimum\"}],\"order\":7,\"text\":\"Minimum\"},{\"bbox\":[598.1,162.9,604.2,173.0],\"lines\":[{\"bbox\":[598.1,162.9,604.2,173.0],\"text\":\"$\"}],\"order\":8,\"text\":\"$\"},{\"bbox\":[620.9,162.9,639.4,173.0],\"lines\":[{\"bbox\":[620.9,162.9,639.4,173.0],\"text\":\"213\"}],\"order\":9,\"text\":\"213\"},{\"bbox\":[70.1,182.3,122.6,192.4],\"lines\":[{\"bbox\":[70.1,182.3,122.6,192.4],\"text\":\"Contingent\"}],\"order\":10,\"text\":\"Contingent\"},{\"bbox\":[627.1,182.3,639.4,192.4],\"lines\":[{\"bbox\":[627.1,182.3,639.4,192.4],\"text\":\"29\"}],\"order\":11,\"text\":\"29\"},{\"bbox\":[70.1,224.0,146.4,234.0],\"lines\":[{\"bbox\":[70.1,224.0,146.4,234.0],\"text\":\"Rental income\"}],\"order\":12,\"text\":\"Rental income\"},{\"bbox\":[66.7,271.8,140.6,288.2],\"lines\":[{\"bbox\":[66.7,271.8,140.6,288.2],\"text\":\"NOTE 13\"}],\"order\":13,\"text\":\"NOTE 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Instruments\"}],\"order\":32,\"text\":\"Derivative Instruments\"},{\"bbox\":[66.7,308.0,752.3,318.1],\"lines\":[{\"bbox\":[66.7,308.0,752.3,318.1],\"text\":\"We use derivative instruments to manage certain of our market risks related to fluctuations in interest rates and foreign currency exchange rates.\"}],\"order\":33,\"text\":\"We use derivative instruments to manage certain of our market risks related to fluctuations in interest rates and foreign currency exchange rates.\"},{\"bbox\":[66.7,339.2,221.9,354.3],\"lines\":[{\"bbox\":[66.7,339.2,221.9,354.3],\"text\":\"Interest Rate Swaps\"}],\"order\":34,\"text\":\"Interest Rate Swaps\"},{\"bbox\":[66.7,361.9,397.3,490.7],\"lines\":[{\"bbox\":[66.7,361.9,397.2,372.0],\"text\":\"We enter into interest rate swaps with the objective of reducing our\"},{\"bbox\":[66.7,375.1,397.2,385.2],\"text\":\"exposure to interest rate risk for a portion of our variable-rate debt\"},{\"bbox\":[66.7,388.3,397.2,398.4],\"text\":\"interest payments. On July 25, 2016, we agreed with multiple\"},{\"bbox\":[66.7,401.5,397.2,411.6],\"text\":\"counterparties to swap the variable LIBOR-based component of the\"},{\"bbox\":[66.7,414.7,397.3,424.8],\"text\":\"interest payments related to $1.55 billion of our $2.0 billion Term\"},{\"bbox\":[66.7,427.9,397.2,438.0],\"text\":\"Loan B Facility, resulting in a fixed rate of 3.92% on the swapped\"},{\"bbox\":[66.7,441.1,397.1,451.1],\"text\":\"portion of the Term Loan B Facility. These interest rate swaps will\"},{\"bbox\":[66.7,454.3,397.2,464.3],\"text\":\"expire in July 2021 and the notional amount, maturity date and\"},{\"bbox\":[66.7,467.5,397.2,477.5],\"text\":\"variable rate of these swaps match those of the related debt. These\"},{\"bbox\":[66.7,480.7,397.2,490.7],\"text\":\"interest rate swaps are designated cash flow hedges as the changes\"}],\"order\":35,\"text\":\"We enter into interest rate swaps with the objective of reducing our\\nexposure to interest rate risk for a portion of our variable-rate debt\\ninterest payments. On July 25, 2016, we agreed with multiple\\ncounterparties to swap the variable LIBOR-based component of the\\ninterest payments related to $1.55 billion of our $2.0 billion Term\\nLoan B Facility, resulting in a fixed rate of 3.92% on the swapped\\nportion of the Term Loan B Facility. These interest rate swaps will\\nexpire in July 2021 and the notional amount, maturity date and\\nvariable rate of these swaps match those of the related debt. These\\ninterest rate swaps are designated cash flow hedges as the changes\"},{\"bbox\":[66.7,533.4,279.9,548.5],\"lines\":[{\"bbox\":[66.7,533.4,279.9,548.5],\"text\":\"Foreign Currency Contracts\"}],\"order\":36,\"text\":\"Foreign Currency Contracts\"},{\"bbox\":[24.1,662.4,34.1,716.5],\"lines\":[{\"bbox\":[24.1,662.4,34.1,716.5],\"text\":\"Form 10-K\"}],\"order\":37,\"text\":\"Form 10-K\"},{\"bbox\":[66.7,556.1,397.3,684.9],\"lines\":[{\"bbox\":[66.7,556.1,397.2,566.1],\"text\":\"We enter into foreign currency forward and swap contracts with the\"},{\"bbox\":[66.7,569.3,397.3,579.3],\"text\":\"objective of reducing our exposure to earnings volatility arising from\"},{\"bbox\":[66.7,582.5,397.3,592.5],\"text\":\"foreign currency fluctuations associated with certain foreign currency\"},{\"bbox\":[66.7,595.7,397.2,605.7],\"text\":\"denominated intercompany receivables and payables. The notional\"},{\"bbox\":[66.7,608.9,397.2,618.9],\"text\":\"amount, maturity date, and currency of these contracts match those\"},{\"bbox\":[66.7,622.1,397.2,632.1],\"text\":\"of the underlying intercompany receivables or payables. Our foreign\"},{\"bbox\":[66.7,635.3,397.3,645.3],\"text\":\"currency contracts are designated cash flow hedges as the future\"},{\"bbox\":[66.7,648.5,397.2,658.5],\"text\":\"cash flows of the contracts are expected to offset changes in\"},{\"bbox\":[66.7,661.6,397.3,671.7],\"text\":\"intercompany receivables and payables due to foreign currency\"},{\"bbox\":[66.7,674.8,195.2,684.9],\"text\":\"exchange rate fluctuations.\"}],\"order\":38,\"text\":\"We enter into foreign currency forward and swap contracts with the\\nobjective of reducing our exposure to earnings volatility arising from\\nforeign currency fluctuations associated with certain foreign currency\\ndenominated intercompany receivables and payables. The notional\\namount, maturity date, and currency of these contracts match those\\nof the underlying intercompany receivables or payables. Our foreign\\ncurrency contracts are designated cash flow hedges as the future\\ncash flows of the contracts are expected to offset changes in\\nintercompany receivables and payables due to foreign currency\\nexchange rate fluctuations.\"},{\"bbox\":[66.7,696.4,397.3,798.8],\"lines\":[{\"bbox\":[66.7,696.4,397.3,706.4],\"text\":\"The effective portion of gains or losses on the foreign currency\"},{\"bbox\":[66.7,709.6,397.3,719.6],\"text\":\"contracts is reported as a component of AOCI. Amounts are\"},{\"bbox\":[66.7,722.8,397.3,732.8],\"text\":\"reclassified from AOCI each quarter to offset foreign currency\"},{\"bbox\":[66.7,736.0,397.2,746.0],\"text\":\"transaction gains or losses recorded within Other (income) expense\"},{\"bbox\":[66.7,749.1,397.3,759.2],\"text\":\"when the related intercompany receivables and payables affect\"},{\"bbox\":[66.7,762.3,397.3,772.4],\"text\":\"earnings due to their functional currency remeasurements. Gains or\"},{\"bbox\":[66.7,775.5,397.2,785.6],\"text\":\"losses on the foreign currency contracts representing hedge\"},{\"bbox\":[66.7,788.7,397.3,798.8],\"text\":\"ineffectiveness are recognized in current earnings. As of\"}],\"order\":39,\"text\":\"The effective portion of gains or losses on the foreign currency\\ncontracts is reported as a component of AOCI. Amounts are\\nreclassified from AOCI each quarter to offset foreign currency\\ntransaction gains or losses recorded within Other (income) expense\\nwhen the related intercompany receivables and payables affect\\nearnings due to their functional currency remeasurements. Gains or\\nlosses on the foreign currency contracts representing hedge\\nineffectiveness are recognized in current earnings. As of\"},{\"bbox\":[425.0,336.9,755.6,373.4],\"lines\":[{\"bbox\":[425.0,336.9,755.5,347.0],\"text\":\"in the future cash flows of the swaps are expected to offset changes\"},{\"bbox\":[425.0,350.1,755.6,360.2],\"text\":\"in interest payments on the related variable-rate debt. There were no\"},{\"bbox\":[425.0,363.3,731.0,373.4],\"text\":\"other interest rate swaps outstanding as of December 31, 2016.\"}],\"order\":40,\"text\":\"in the future cash flows of the swaps are expected to offset changes\\nin interest payments on the related variable-rate debt. There were no\\nother interest rate swaps outstanding as of December 31, 2016.\"},{\"bbox\":[425.0,384.8,755.6,500.5],\"lines\":[{\"bbox\":[425.0,384.8,755.5,394.9],\"text\":\"The effective portion of gains or losses on the interest rate swaps is\"},{\"bbox\":[425.0,398.0,755.6,408.1],\"text\":\"reported as a component of Accumulated other comprehensive\"},{\"bbox\":[425.0,411.2,755.6,421.3],\"text\":\"income (“AOCI”) and reclassified into Interest expense, net in our\"},{\"bbox\":[425.0,424.4,755.5,434.5],\"text\":\"Consolidated Statement of Income in the same period or periods\"},{\"bbox\":[425.0,437.6,755.6,447.7],\"text\":\"during which the related hedged interest payments affect earnings.\"},{\"bbox\":[425.0,450.8,755.6,460.9],\"text\":\"Gains or losses on the swaps representing hedge ineffectiveness are\"},{\"bbox\":[425.0,464.0,755.5,474.1],\"text\":\"recognized in current earnings. As of December 31, 2016, the swaps\"},{\"bbox\":[425.0,477.2,755.6,487.3],\"text\":\"were highly effective cash flow hedges and no ineffectiveness has\"},{\"bbox\":[425.0,490.4,498.3,500.5],\"text\":\"been recorded.\"}],\"order\":41,\"text\":\"The effective portion of gains or losses on the interest rate swaps is\\nreported as a component of Accumulated other comprehensive\\nincome (“AOCI”) and reclassified into Interest expense, net in our\\nConsolidated Statement of Income in the same period or periods\\nduring which the related hedged interest payments affect earnings.\\nGains or losses on the swaps representing hedge ineffectiveness are\\nrecognized in current earnings. As of December 31, 2016, the swaps\\nwere highly effective cash flow hedges and no ineffectiveness has\\nbeen recorded.\"},{\"bbox\":[425.0,531.1,755.5,567.5],\"lines\":[{\"bbox\":[425.0,531.1,755.5,541.1],\"text\":\"December 31, 2016, all foreign currency contracts were highly\"},{\"bbox\":[425.0,544.3,755.5,554.3],\"text\":\"effective cash flow hedges and no ineffectiveness has been\"},{\"bbox\":[425.0,557.5,471.3,567.5],\"text\":\"recorded.\"}],\"order\":42,\"text\":\"December 31, 2016, all foreign currency contracts were highly\\neffective cash flow hedges and no ineffectiveness has been\\nrecorded.\"},{\"bbox\":[425.0,579.0,755.6,641.8],\"lines\":[{\"bbox\":[425.0,579.0,755.6,589.1],\"text\":\"As of December 31, 2016 and December 26, 2015, foreign currency\"},{\"bbox\":[425.0,592.2,755.6,602.3],\"text\":\"forward and swap contracts outstanding had total notional amounts\"},{\"bbox\":[425.0,605.4,755.6,615.5],\"text\":\"of $437 million and $470 million, respectively. As of December 31,\"},{\"bbox\":[425.0,618.6,755.5,628.6],\"text\":\"2016 we have foreign currency forward and swap contracts with\"},{\"bbox\":[425.0,631.8,732.2,641.8],\"text\":\"durations expiring as early as January 2017 and as late as 2020.\"}],\"order\":43,\"text\":\"As of December 31, 2016 and December 26, 2015, foreign currency\\nforward and swap contracts outstanding had total notional amounts\\nof $437 million and $470 million, respectively. As of December 31,\\n2016 we have foreign currency forward and swap contracts with\\ndurations expiring as early as January 2017 and as late as 2020.\"},{\"bbox\":[425.0,653.3,755.6,795.3],\"lines\":[{\"bbox\":[425.0,653.3,755.5,663.4],\"text\":\"As a result of the use of derivative instruments, the Company is\"},{\"bbox\":[425.0,666.5,755.6,676.6],\"text\":\"exposed to risk that the counterparties will fail to meet their\"},{\"bbox\":[425.0,679.7,755.5,689.8],\"text\":\"contractual obligations. To mitigate the counterparty credit risk, we\"},{\"bbox\":[425.0,692.9,755.5,703.0],\"text\":\"only enter into contracts with carefully selected major financial\"},{\"bbox\":[425.0,706.1,755.5,716.1],\"text\":\"institutions based upon their credit ratings and other factors, and\"},{\"bbox\":[425.0,719.3,755.6,729.3],\"text\":\"continually assess the creditworthiness of counterparties. At\"},{\"bbox\":[425.0,732.5,755.6,742.5],\"text\":\"December 31, 2016, all of the counterparties to our interest rate\"},{\"bbox\":[425.0,745.7,755.6,755.7],\"text\":\"swaps and foreign currency contracts had investment grade ratings\"},{\"bbox\":[425.0,758.9,755.5,768.9],\"text\":\"according to the three major ratings agencies. To date, all\"},{\"bbox\":[425.0,772.1,755.6,782.1],\"text\":\"counterparties have performed in accordance with their contractual\"},{\"bbox\":[425.0,785.3,479.5,795.3],\"text\":\"obligations.\"}],\"order\":44,\"text\":\"As a result of the use of derivative instruments, the Company is\\nexposed to risk that the counterparties will fail to meet their\\ncontractual obligations. To mitigate the counterparty credit risk, we\\nonly enter into contracts with carefully selected major financial\\ninstitutions based upon their credit ratings and other factors, and\\ncontinually assess the creditworthiness of counterparties. At\\nDecember 31, 2016, all of the counterparties to our interest rate\\nswaps and foreign currency contracts had investment grade ratings\\naccording to the three major ratings agencies. To date, all\\ncounterparties have performed in accordance with their contractual\\nobligations.\"},{\"bbox\":[66.7,807.8,750.4,817.9],\"lines\":[{\"bbox\":[66.7,807.8,750.4,817.9],\"text\":\"Gains and losses on derivative instruments designated as cash flow hedges recognized in OCI and reclassifications from AOCI into Net Income:\"}],\"order\":45,\"text\":\"Gains and losses on derivative instruments designated as cash flow hedges recognized in OCI and reclassifications from AOCI into Net Income:\"},{\"bbox\":[70.1,897.2,160.9,907.3],\"lines\":[{\"bbox\":[70.1,897.2,160.9,907.3],\"text\":\"Interest rate swaps\"}],\"order\":46,\"text\":\"Interest rate swaps\"},{\"bbox\":[567.7,838.9,646.3,886.3],\"lines\":[{\"bbox\":[567.7,838.9,646.3,848.8],\"text\":\"Gains/(Losses)\"},{\"bbox\":[569.3,850.0,644.7,859.9],\"text\":\"Recognized in\"},{\"bbox\":[596.9,861.1,617.0,871.0],\"text\":\"OCI\"},{\"bbox\":[571.1,876.4,595.8,886.3],\"text\":\"2016\"},{\"bbox\":[620.2,876.4,644.9,886.3],\"text\":\"2015\"}],\"order\":47,\"text\":\"Gains/(Losses)\\nRecognized in\\nOCI\\n2016\\n2015\"},{\"bbox\":[658.8,827.8,751.3,886.3],\"lines\":[{\"bbox\":[665.8,827.8,744.4,837.7],\"text\":\"(Gains)/Losses\"},{\"bbox\":[658.8,838.9,751.3,848.8],\"text\":\"Reclassified from\"},{\"bbox\":[668.8,850.0,741.4,859.9],\"text\":\"AOCI into Net\"},{\"bbox\":[685.3,861.1,724.8,871.0],\"text\":\"Income\"},{\"bbox\":[665.8,876.4,690.5,886.3],\"text\":\"2016\"},{\"bbox\":[715.6,876.4,740.3,886.3],\"text\":\"2015\"}],\"order\":48,\"text\":\"(Gains)/Losses\\nReclassified from\\nAOCI into Net\\nIncome\\n2016\\n2015\"},{\"bbox\":[569.0,897.2,595.8,907.3],\"lines\":[{\"bbox\":[569.0,897.2,595.8,907.3],\"text\":\"$ 47\"}],\"order\":49,\"text\":\"$ 47\"},{\"bbox\":[658.8,897.2,665.0,907.3],\"lines\":[{\"bbox\":[658.8,897.2,665.0,907.3],\"text\":\"$\"}],\"order\":50,\"text\":\"$\"},{\"bbox\":[609.7,897.2,615.9,907.3],\"lines\":[{\"bbox\":[609.7,897.2,615.9,907.3],\"text\":\"$\"}],\"order\":51,\"text\":\"$\"},{\"bbox\":[633.8,897.2,644.9,907.3],\"lines\":[{\"bbox\":[633.8,897.2,644.9,907.3],\"text\":\"—\"}],\"order\":52,\"text\":\"—\"},{\"bbox\":[681.7,897.2,693.2,907.3],\"lines\":[{\"bbox\":[681.7,897.2,693.2,907.3],\"text\":\"(4)\"}],\"order\":53,\"text\":\"(4)\"},{\"bbox\":[719.7,897.2,725.8,907.3],\"lines\":[{\"bbox\":[719.7,897.2,725.8,907.3],\"text\":\"$\"}],\"order\":54,\"text\":\"$\"},{\"bbox\":[740.3,897.2,751.4,907.3],\"lines\":[{\"bbox\":[740.3,897.2,751.4,907.3],\"text\":\"—\"}],\"order\":55,\"text\":\"—\"},{\"bbox\":[70.1,916.7,198.1,926.7],\"lines\":[{\"bbox\":[70.1,916.7,198.1,926.7],\"text\":\"Foreign currency contracts\"}],\"order\":56,\"text\":\"Foreign currency contracts\"},{\"bbox\":[589.7,916.7,595.8,926.7],\"lines\":[{\"bbox\":[589.7,916.7,595.8,926.7],\"text\":\"1\"}],\"order\":57,\"text\":\"1\"},{\"bbox\":[632.6,916.7,644.9,926.7],\"lines\":[{\"bbox\":[632.6,916.7,644.9,926.7],\"text\":\"32\"}],\"order\":58,\"text\":\"32\"},{\"bbox\":[681.7,916.7,693.2,926.7],\"lines\":[{\"bbox\":[681.7,916.7,693.2,926.7],\"text\":\"(4)\"}],\"order\":59,\"text\":\"(4)\"},{\"bbox\":[736.3,916.7,754.0,926.7],\"lines\":[{\"bbox\":[736.3,916.7,754.0,926.7],\"text\":\"(41)\"}],\"order\":60,\"text\":\"(41)\"},{\"bbox\":[70.1,936.1,207.5,946.1],\"lines\":[{\"bbox\":[70.1,936.1,207.5,946.1],\"text\":\"Income tax benefit/(expense)\"}],\"order\":61,\"text\":\"Income tax benefit/(expense)\"},{\"bbox\":[580.8,936.1,598.5,946.1],\"lines\":[{\"bbox\":[580.8,936.1,598.5,946.1],\"text\":\"(19)\"}],\"order\":62,\"text\":\"(19)\"},{\"bbox\":[636.0,936.1,647.6,946.1],\"lines\":[{\"bbox\":[636.0,936.1,647.6,946.1],\"text\":\"(4)\"}],\"order\":63,\"text\":\"(4)\"},{\"bbox\":[684.4,936.1,690.6,946.1],\"lines\":[{\"bbox\":[684.4,936.1,690.6,946.1],\"text\":\"3\"}],\"order\":64,\"text\":\"3\"},{\"bbox\":[745.2,936.1,751.4,946.1],\"lines\":[{\"bbox\":[745.2,936.1,751.4,946.1],\"text\":\"5\"}],\"order\":65,\"text\":\"5\"},{\"bbox\":[66.7,962.3,755.6,985.5],\"lines\":[{\"bbox\":[66.7,962.3,755.6,972.3],\"text\":\"As of December 31, 2016, the estimated net gain included in AOCI related to our cash flow hedges that will be reclassified into earnings in the\"},{\"bbox\":[66.7,975.5,390.3,985.5],\"text\":\"next 12 months is $3 million, based on current LIBOR interest rates.\"}],\"order\":66,\"text\":\"As of December 31, 2016, the estimated net gain included in AOCI related to our cash flow hedges that will be reclassified into earnings in the\\nnext 12 months is $3 million, based on current LIBOR interest rates.\"},{\"bbox\":[66.7,994.6,384.1,1004.6],\"lines\":[{\"bbox\":[66.7,994.6,384.1,1004.6],\"text\":\"See Note 14 for the fair value of our derivative assets and liabilities.\"}],\"order\":67,\"text\":\"See Note 14 for the fair value of our derivative assets and liabilities.\"},{\"bbox\":[44.8,1025.6,58.0,1036.3],\"lines\":[{\"bbox\":[44.8,1025.6,58.0,1036.3],\"text\":\"60\"}],\"order\":68,\"text\":\"60\"},{\"bbox\":[69.8,1025.6,277.9,1036.3],\"lines\":[{\"bbox\":[69.8,1025.6,277.9,1036.3],\"text\":\"YUM! BRANDS, INC. - 2016 Form 10-K\"}],\"order\":69,\"text\":\"YUM! BRANDS, INC. - 2016 Form 10-K\"}],\"doc\":\"fintabnet:YUM_2016\",\"dpi\":100,\"image_px\":[825,1075],\"layout\":[],\"markdown\":\"PART II\\n\\nITEM 8 Financial Statements and Supplementary Data\\n\\nThe details of rental expense and income are set forth below:\\n\\n2016\\n\\n2015\\n\\n2014\\n\\nRental expense\\n\\nMinimum\\n\\n$\\n\\n213\\n\\nContingent\\n\\n29\\n\\nRental income\\n\\nNOTE 13\\n\\n$\\n\\n221\\n\\n$\\n\\n243\\n\\n34\\n\\n37\\n\\n$\\n\\n242\\n\\n$\\n\\n255\\n\\n$\\n\\n280\\n\\n$\\n\\n79\\n\\n$\\n\\n73\\n\\n$\\n\\n83\\n\\nDerivative Instruments\\n\\nWe use derivative instruments to manage certain of our market risks related to fluctuations in interest rates and foreign currency exchange rates.\\n\\nInterest Rate Swaps\\n\\nWe enter into interest rate swaps with the objective of reducing our\\nexposure to interest rate risk for a portion of our variable-rate debt\\ninterest payments. On July 25, 2016, we agreed with multiple\\ncounterparties to swap the variable LIBOR-based component of the\\ninterest payments related to $1.55 billion of our $2.0 billion Term\\nLoan B Facility, resulting in a fixed rate of 3.92% on the swapped\\nportion of the Term Loan B Facility. These interest rate swaps will\\nexpire in July 2021 and the notional amount, maturity date and\\nvariable rate of these swaps match those of the related debt. These\\ninterest rate swaps are designated cash flow hedges as the changes\\n\\nForeign Currency Contracts\\n\\nForm 10-K\\n\\nWe enter into foreign currency forward and swap contracts with the\\nobjective of reducing our exposure to earnings volatility arising from\\nforeign currency fluctuations associated with certain foreign currency\\ndenominated intercompany receivables and payables. The notional\\namount, maturity date, and currency of these contracts match those\\nof the underlying intercompany receivables or payables. Our foreign\\ncurrency contracts are designated cash flow hedges as the future\\ncash flows of the contracts are expected to offset changes in\\nintercompany receivables and payables due to foreign currency\\nexchange rate fluctuations.\\n\\nThe effective portion of gains or losses on the foreign currency\\ncontracts is reported as a component of AOCI. Amounts are\\nreclassified from AOCI each quarter to offset foreign currency\\ntransaction gains or losses recorded within Other (income) expense\\nwhen the related intercompany receivables and payables affect\\nearnings due to their functional currency remeasurements. Gains or\\nlosses on the foreign currency contracts representing hedge\\nineffectiveness are recognized in current earnings. As of\\n\\nin the future cash flows of the swaps are expected to offset changes\\nin interest payments on the related variable-rate debt. There were no\\nother interest rate swaps outstanding as of December 31, 2016.\\n\\nThe effective portion of gains or losses on the interest rate swaps is\\nreported as a component of Accumulated other comprehensive\\nincome (“AOCI”) and reclassified into Interest expense, net in our\\nConsolidated Statement of Income in the same period or periods\\nduring which the related hedged interest payments affect earnings.\\nGains or losses on the swaps representing hedge ineffectiveness are\\nrecognized in current earnings. As of December 31, 2016, the swaps\\nwere highly effective cash flow hedges and no ineffectiveness has\\nbeen recorded.\\n\\nDecember 31, 2016, all foreign currency contracts were highly\\neffective cash flow hedges and no ineffectiveness has been\\nrecorded.\\n\\nAs of December 31, 2016 and December 26, 2015, foreign currency\\nforward and swap contracts outstanding had total notional amounts\\nof $437 million and $470 million, respectively. As of December 31,\\n2016 we have foreign currency forward and swap contracts with\\ndurations expiring as early as January 2017 and as late as 2020.\\n\\nAs a result of the use of derivative instruments, the Company is\\nexposed to risk that the counterparties will fail to meet their\\ncontractual obligations. To mitigate the counterparty credit risk, we\\nonly enter into contracts with carefully selected major financial\\ninstitutions based upon their credit ratings and other factors, and\\ncontinually assess the creditworthiness of counterparties. At\\nDecember 31, 2016, all of the counterparties to our interest rate\\nswaps and foreign currency contracts had investment grade ratings\\naccording to the three major ratings agencies. To date, all\\ncounterparties have performed in accordance with their contractual\\nobligations.\\n\\nGains and losses on derivative instruments designated as cash flow hedges recognized in OCI and reclassifications from AOCI into Net Income:\\n\\nInterest rate swaps\\n\\nGains/(Losses)\\nRecognized in\\nOCI\\n2016\\n2015\\n\\n(Gains)/Losses\\nReclassified from\\nAOCI into Net\\nIncome\\n2016\\n2015\\n\\n$ 47\\n\\n$\\n\\n$\\n\\n—\\n\\n(4)\\n\\n$\\n\\n—\\n\\nForeign currency contracts\\n\\n1\\n\\n32\\n\\n(4)\\n\\n(41)\\n\\nIncome tax benefit/(expense)\\n\\n(19)\\n\\n(4)\\n\\n3\\n\\n5\\n\\nAs of December 31, 2016, the estimated net gain included in AOCI related to our cash flow hedges that will be reclassified into earnings in the\\nnext 12 months is $3 million, based on current LIBOR interest rates.\\n\\nSee Note 14 for the fair value of our derivative assets and liabilities.\\n\\n60\\n\\nYUM! BRANDS, INC. - 2016 Form 10-K\",\"name\":\"fintabnet.YUM_2016_page_157__100dpi_none\",\"page_id\":\"fintabnet.YUM_2016_page_157\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"YUM_2016_page_157\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[70.1,119.7,750.0,234.4],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,14,15,16,17,18,19,20,21,22,23,24,25,26,27,28,29,30,31],\"cells\":null},{\"bbox\":[70.1,824.9,754.0,946.4],\"block_orders\":[46,47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65],\"cells\":null}],\"text\":\"PART II\\n\\nITEM 8 Financial Statements and Supplementary Data\\n\\nThe details of rental expense and income are set forth below:\\n\\n2016\\n\\n2015\\n\\n2014\\n\\nRental expense\\n\\nMinimum\\n\\n$\\n\\n213\\n\\nContingent\\n\\n29\\n\\nRental income\\n\\nNOTE 13\\n\\n$\\n\\n221\\n\\n$\\n\\n243\\n\\n34\\n\\n37\\n\\n$\\n\\n242\\n\\n$\\n\\n255\\n\\n$\\n\\n280\\n\\n$\\n\\n79\\n\\n$\\n\\n73\\n\\n$\\n\\n83\\n\\nDerivative Instruments\\n\\nWe use derivative instruments to manage certain of our market risks related to fluctuations in interest rates and foreign currency exchange rates.\\n\\nInterest Rate Swaps\\n\\nWe enter into interest rate swaps with the objective of reducing our\\nexposure to interest rate risk for a portion of our variable-rate debt\\ninterest payments. On July 25, 2016, we agreed with multiple\\ncounterparties to swap the variable LIBOR-based component of the\\ninterest payments related to $1.55 billion of our $2.0 billion Term\\nLoan B Facility, resulting in a fixed rate of 3.92% on the swapped\\nportion of the Term Loan B Facility. These interest rate swaps will\\nexpire in July 2021 and the notional amount, maturity date and\\nvariable rate of these swaps match those of the related debt. These\\ninterest rate swaps are designated cash flow hedges as the changes\\n\\nForeign Currency Contracts\\n\\nForm 10-K\\n\\nWe enter into foreign currency forward and swap contracts with the\\nobjective of reducing our exposure to earnings volatility arising from\\nforeign currency fluctuations associated with certain foreign currency\\ndenominated intercompany receivables and payables. The notional\\namount, maturity date, and currency of these contracts match those\\nof the underlying intercompany receivables or payables. Our foreign\\ncurrency contracts are designated cash flow hedges as the future\\ncash flows of the contracts are expected to offset changes in\\nintercompany receivables and payables due to foreign currency\\nexchange rate fluctuations.\\n\\nThe effective portion of gains or losses on the foreign currency\\ncontracts is reported as a component of AOCI. Amounts are\\nreclassified from AOCI each quarter to offset foreign currency\\ntransaction gains or losses recorded within Other (income) expense\\nwhen the related intercompany receivables and payables affect\\nearnings due to their functional currency remeasurements. Gains or\\nlosses on the foreign currency contracts representing hedge\\nineffectiveness are recognized in current earnings. As of\\n\\nin the future cash flows of the swaps are expected to offset changes\\nin interest payments on the related variable-rate debt. There were no\\nother interest rate swaps outstanding as of December 31, 2016.\\n\\nThe effective portion of gains or losses on the interest rate swaps is\\nreported as a component of Accumulated other comprehensive\\nincome (“AOCI”) and reclassified into Interest expense, net in our\\nConsolidated Statement of Income in the same period or periods\\nduring which the related hedged interest payments affect earnings.\\nGains or losses on the swaps representing hedge ineffectiveness are\\nrecognized in current earnings. As of December 31, 2016, the swaps\\nwere highly effective cash flow hedges and no ineffectiveness has\\nbeen recorded.\\n\\nDecember 31, 2016, all foreign currency contracts were highly\\neffective cash flow hedges and no ineffectiveness has been\\nrecorded.\\n\\nAs of December 31, 2016 and December 26, 2015, foreign currency\\nforward and swap contracts outstanding had total notional amounts\\nof $437 million and $470 million, respectively. As of December 31,\\n2016 we have foreign currency forward and swap contracts with\\ndurations expiring as early as January 2017 and as late as 2020.\\n\\nAs a result of the use of derivative instruments, the Company is\\nexposed to risk that the counterparties will fail to meet their\\ncontractual obligations. To mitigate the counterparty credit risk, we\\nonly enter into contracts with carefully selected major financial\\ninstitutions based upon their credit ratings and other factors, and\\ncontinually assess the creditworthiness of counterparties. At\\nDecember 31, 2016, all of the counterparties to our interest rate\\nswaps and foreign currency contracts had investment grade ratings\\naccording to the three major ratings agencies. To date, all\\ncounterparties have performed in accordance with their contractual\\nobligations.\\n\\nGains and losses on derivative instruments designated as cash flow hedges recognized in OCI and reclassifications from AOCI into Net Income:\\n\\nInterest rate swaps\\n\\nGains/(Losses)\\nRecognized in\\nOCI\\n2016\\n2015\\n\\n(Gains)/Losses\\nReclassified from\\nAOCI into Net\\nIncome\\n2016\\n2015\\n\\n$ 47\\n\\n$\\n\\n$\\n\\n—\\n\\n(4)\\n\\n$\\n\\n—\\n\\nForeign currency contracts\\n\\n1\\n\\n32\\n\\n(4)\\n\\n(41)\\n\\nIncome tax benefit/(expense)\\n\\n(19)\\n\\n(4)\\n\\n3\\n\\n5\\n\\nAs of December 31, 2016, the estimated net gain included in AOCI related to our cash flow hedges that will be reclassified into earnings in the\\nnext 12 months is $3 million, based on current LIBOR interest rates.\\n\\nSee Note 14 for the fair value of our derivative assets and liabilities.\\n\\n60\\n\\nYUM! BRANDS, INC. - 2016 Form 10-K\"},\"name\":\"fintabnet.YUM_2016_page_157__100dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":85781,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:YUM_2016\",\"dpi\":100,\"gt_sha256\":\"90376cbd9480ecefea922121bca91d1399d9bfe493c26e1bb6d8633a379ed609\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.YUM_2016_page_157__100dpi_none\",\"page\":1,\"page_id\":\"fintabnet.YUM_2016_page_157\",\"pdf_sha256\":\"b2f299bfc43262de7545bf4f24fdc3ea1cc3645508206d9f296f39473ad9ac9f\",\"px\":[825,1075],\"scan\":{\"render\":\"000000007ffe201e1e0030fe7ffe00007ffcfffcf0fefffc001e701e7f000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"YUM_2016_page_157\",\"src\":{\"file_sha256\":\"b718fa4c921a8e94c1d0911bec0a842040af16a43762ba117085f8f63a99bcbb\",\"render\":\"000000007ffe7ffe1e0030fc7ffe00007e80fffcf0feffc0001e7ffe7f000000\",\"text\":\"dd529495f2fac10fdb393e8d7e83f773d0540ae3d0a95fb5a15ec9284f8a8746\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"b2f299bfc43262de7545bf4f24fdc3ea1cc3645508206d9f296f39473ad9ac9f\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/b2f299bfc43262de7545bf4f24fdc3ea1cc3645508206d9f296f39473ad9ac9f.pdf","asset_sha256":"b2f299bfc43262de7545bf4f24fdc3ea1cc3645508206d9f296f39473ad9ac9f","document_id":"fintabnet:YUM_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"YUM_2016_page_157\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
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obligation\"},{\"bbox\":[1982.9,1207.5,2038.5,1237.6],\"lines\":[{\"bbox\":[1982.9,1207.5,2038.5,1237.6],\"text\":\"960\"}],\"order\":41,\"text\":\"960\"},{\"bbox\":[2175.0,1207.5,2258.4,1237.6],\"lines\":[{\"bbox\":[2175.0,1207.5,2258.4,1237.6],\"text\":\"1,088\"}],\"order\":42,\"text\":\"1,088\"},{\"bbox\":[235.4,1265.8,578.4,1296.0],\"lines\":[{\"bbox\":[235.4,1265.8,578.4,1296.0],\"text\":\"Fair value of plan assets\"}],\"order\":43,\"text\":\"Fair value of plan assets\"},{\"bbox\":[1982.9,1265.8,2038.5,1296.0],\"lines\":[{\"bbox\":[1982.9,1265.8,2038.5,1296.0],\"text\":\"837\"}],\"order\":44,\"text\":\"837\"},{\"bbox\":[2175.0,1265.8,2258.4,1296.0],\"lines\":[{\"bbox\":[2175.0,1265.8,2258.4,1296.0],\"text\":\"1,004\"}],\"order\":45,\"text\":\"1,004\"},{\"bbox\":[212.5,1348.7,798.5,1378.9],\"lines\":[{\"bbox\":[212.5,1348.7,798.5,1378.9],\"text\":\"Components of net periodic benefit cost:\"}],\"order\":46,\"text\":\"Components of net periodic benefit cost:\"},{\"bbox\":[235.4,1412.9,627.1,1442.7],\"lines\":[{\"bbox\":[235.4,1412.9,627.1,1442.7],\"text\":\"Net periodic benefit cost\"}],\"order\":47,\"text\":\"Net periodic benefit cost\"},{\"bbox\":[1765.4,1412.9,1839.6,1442.7],\"lines\":[{\"bbox\":[1765.4,1412.9,1839.6,1442.7],\"text\":\"2016\"}],\"order\":48,\"text\":\"2016\"},{\"bbox\":[1964.4,1412.9,2038.5,1442.7],\"lines\":[{\"bbox\":[1964.4,1412.9,2038.5,1442.7],\"text\":\"2015\"}],\"order\":49,\"text\":\"2015\"},{\"bbox\":[2184.2,1412.9,2258.3,1442.7],\"lines\":[{\"bbox\":[2184.2,1412.9,2258.3,1442.7],\"text\":\"2014\"}],\"order\":50,\"text\":\"2014\"},{\"bbox\":[235.4,1475.4,411.3,1505.5],\"lines\":[{\"bbox\":[235.4,1475.4,411.3,1505.5],\"text\":\"Service cost\"}],\"order\":51,\"text\":\"Service 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cost\"},{\"bbox\":[1802.5,1533.7,1839.6,1563.9],\"lines\":[{\"bbox\":[1802.5,1533.7,1839.6,1563.9],\"text\":\"54\"}],\"order\":59,\"text\":\"54\"},{\"bbox\":[2001.5,1533.7,2038.5,1563.9],\"lines\":[{\"bbox\":[2001.5,1533.7,2038.5,1563.9],\"text\":\"55\"}],\"order\":60,\"text\":\"55\"},{\"bbox\":[2221.3,1533.7,2258.3,1563.9],\"lines\":[{\"bbox\":[2221.3,1533.7,2258.3,1563.9],\"text\":\"54\"}],\"order\":61,\"text\":\"54\"},{\"bbox\":[235.4,1592.0,726.3,1622.2],\"lines\":[{\"bbox\":[235.4,1592.0,726.3,1622.2],\"text\":\"Amortization of prior service cost (a)\"}],\"order\":62,\"text\":\"Amortization of prior service cost (a)\"},{\"bbox\":[1821.0,1592.0,1839.6,1622.2],\"lines\":[{\"bbox\":[1821.0,1592.0,1839.6,1622.2],\"text\":\"6\"}],\"order\":63,\"text\":\"6\"},{\"bbox\":[2020.0,1592.0,2038.5,1622.2],\"lines\":[{\"bbox\":[2020.0,1592.0,2038.5,1622.2],\"text\":\"1\"}],\"order\":64,\"text\":\"1\"},{\"bbox\":[2239.8,1592.0,2258.3,1622.2],\"lines\":[{\"bbox\":[2239.8,1592.0,2258.3,1622.2],\"text\":\"1\"}],\"order\":65,\"text\":\"1\"},{\"bbox\":[235.4,1650.4,681.3,1680.5],\"lines\":[{\"bbox\":[235.4,1650.4,681.3,1680.5],\"text\":\"Expected return on plan assets\"}],\"order\":66,\"text\":\"Expected return on plan assets\"},{\"bbox\":[1794.4,1650.4,1847.5,1680.5],\"lines\":[{\"bbox\":[1794.4,1650.4,1847.5,1680.5],\"text\":\"(65)\"}],\"order\":67,\"text\":\"(65)\"},{\"bbox\":[1993.3,1650.4,2046.5,1680.5],\"lines\":[{\"bbox\":[1993.3,1650.4,2046.5,1680.5],\"text\":\"(62)\"}],\"order\":68,\"text\":\"(62)\"},{\"bbox\":[2213.1,1650.4,2266.3,1680.5],\"lines\":[{\"bbox\":[2213.1,1650.4,2266.3,1680.5],\"text\":\"(56)\"}],\"order\":69,\"text\":\"(56)\"},{\"bbox\":[1821.0,1708.7,1839.6,1738.9],\"lines\":[{\"bbox\":[1821.0,1708.7,1839.6,1738.9],\"text\":\"6\"}],\"order\":70,\"text\":\"6\"},{\"bbox\":[2001.5,1708.7,2038.5,1738.9],\"lines\":[{\"bbox\":[2001.5,1708.7,2038.5,1738.9],\"text\":\"45\"}],\"order\":71,\"text\":\"45\"},{\"bbox\":[2221.3,1708.7,2258.3,1738.9],\"lines\":[{\"bbox\":[2221.3,1708.7,2258.3,1738.9],\"text\":\"17\"}],\"order\":72,\"text\":\"17\"},{\"bbox\":[235.4,1708.7,570.7,1738.9],\"lines\":[{\"bbox\":[235.4,1708.7,570.7,1738.9],\"text\":\"Amortization of net loss\"}],\"order\":73,\"text\":\"Amortization of net loss\"},{\"bbox\":[235.4,1767.0,585.9,1797.2],\"lines\":[{\"bbox\":[235.4,1767.0,585.9,1797.2],\"text\":\"Net periodic benefit cost\"}],\"order\":74,\"text\":\"Net periodic benefit cost\"},{\"bbox\":[1750.6,1767.0,1769.2,1797.2],\"lines\":[{\"bbox\":[1750.6,1767.0,1769.2,1797.2],\"text\":\"$\"}],\"order\":75,\"text\":\"$\"},{\"bbox\":[1802.5,1767.0,1839.6,1797.2],\"lines\":[{\"bbox\":[1802.5,1767.0,1839.6,1797.2],\"text\":\"18\"}],\"order\":76,\"text\":\"18\"},{\"bbox\":[1949.6,1767.0,1968.1,1797.2],\"lines\":[{\"bbox\":[1949.6,1767.0,1968.1,1797.2],\"text\":\"$\"}],\"order\":77,\"text\":\"$\"},{\"bbox\":[2001.5,1767.0,2038.5,1797.2],\"lines\":[{\"bbox\":[2001.5,1767.0,2038.5,1797.2],\"text\":\"57\"}],\"order\":78,\"text\":\"57\"},{\"bbox\":[2169.4,1767.0,2187.9,1797.2],\"lines\":[{\"bbox\":[2169.4,1767.0,2187.9,1797.2],\"text\":\"$\"}],\"order\":79,\"text\":\"$\"},{\"bbox\":[2221.2,1767.0,2258.3,1797.2],\"lines\":[{\"bbox\":[2221.2,1767.0,2258.3,1797.2],\"text\":\"33\"}],\"order\":80,\"text\":\"33\"},{\"bbox\":[235.4,1829.5,806.2,1901.4],\"lines\":[{\"bbox\":[235.4,1829.5,806.2,1859.7],\"text\":\"Additional (gain) loss recognized due to:\"},{\"bbox\":[235.4,1871.2,428.5,1901.4],\"text\":\"Settlements (b)\"}],\"order\":81,\"text\":\"Additional (gain) loss recognized due to:\\nSettlements 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termination benefits\"}],\"order\":94,\"text\":\"Special termination benefits\"},{\"bbox\":[2374.0,1981.0,2403.6,2157.6],\"lines\":[{\"bbox\":[2374.0,1981.0,2403.6,2157.6],\"text\":\"Form 10-K\"}],\"order\":95,\"text\":\"Form 10-K\"},{\"bbox\":[225.0,1999.6,2180.2,2070.1],\"lines\":[{\"bbox\":[225.0,1999.6,2180.2,2027.8],\"text\":\"(a) Prior service costs are amortized on a straight-line basis over the average remaining service period of employees expected to receive benefits.\"},{\"bbox\":[225.0,2041.9,2027.3,2070.1],\"text\":\"(b) Settlement losses result when benefit payments exceed the sum of the service cost and interest cost within a plan during the year.\"}],\"order\":96,\"text\":\"(a) Prior service costs are amortized on a straight-line basis over the average remaining service period of employees expected to receive benefits.\\n(b) Settlement losses result when benefit payments exceed the sum of the service cost and interest cost within a plan during the year.\"},{\"bbox\":[212.5,2121.2,656.7,2151.4],\"lines\":[{\"bbox\":[212.5,2121.2,656.7,2151.4],\"text\":\"Pension gains (losses) in AOCI:\"}],\"order\":97,\"text\":\"Pension gains (losses) in AOCI:\"},{\"bbox\":[1964.4,2175.2,2038.5,2205.0],\"lines\":[{\"bbox\":[1964.4,2175.2,2038.5,2205.0],\"text\":\"2016\"}],\"order\":98,\"text\":\"2016\"},{\"bbox\":[235.4,2237.7,484.3,2267.8],\"lines\":[{\"bbox\":[235.4,2237.7,484.3,2267.8],\"text\":\"Beginning of year\"}],\"order\":99,\"text\":\"Beginning of year\"},{\"bbox\":[1922.9,2237.7,1941.5,2267.8],\"lines\":[{\"bbox\":[1922.9,2237.7,1941.5,2267.8],\"text\":\"$\"}],\"order\":100,\"text\":\"$\"},{\"bbox\":[235.4,2296.0,566.2,2326.2],\"lines\":[{\"bbox\":[235.4,2296.0,566.2,2326.2],\"text\":\"Net actuarial gain (loss)\"}],\"order\":101,\"text\":\"Net actuarial gain 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cost\"},{\"bbox\":[2011.9,2529.3,2046.5,2559.5],\"lines\":[{\"bbox\":[2011.9,2529.3,2046.5,2559.5],\"text\":\"(4)\"}],\"order\":118,\"text\":\"(4)\"},{\"bbox\":[2213.1,2529.3,2266.3,2559.5],\"lines\":[{\"bbox\":[2213.1,2529.3,2266.3,2559.5],\"text\":\"(28)\"}],\"order\":119,\"text\":\"(28)\"},{\"bbox\":[235.4,2587.7,513.6,2617.8],\"lines\":[{\"bbox\":[235.4,2587.7,513.6,2617.8],\"text\":\"Settlement charges\"}],\"order\":120,\"text\":\"Settlement charges\"},{\"bbox\":[2001.5,2587.7,2038.5,2617.8],\"lines\":[{\"bbox\":[2001.5,2587.7,2038.5,2617.8],\"text\":\"32\"}],\"order\":121,\"text\":\"32\"},{\"bbox\":[2239.8,2587.7,2258.3,2617.8],\"lines\":[{\"bbox\":[2239.8,2587.7,2258.3,2617.8],\"text\":\"5\"}],\"order\":122,\"text\":\"5\"},{\"bbox\":[235.4,2650.2,398.2,2680.3],\"lines\":[{\"bbox\":[235.4,2650.2,398.2,2680.3],\"text\":\"End of year\"}],\"order\":123,\"text\":\"End of year\"},{\"bbox\":[1922.9,2650.2,1941.5,2680.3],\"lines\":[{\"bbox\":[1922.9,2650.2,1941.5,2680.3],\"text\":\"$\"}],\"order\":124,\"text\":\"$\"},{\"bbox\":[1974.8,2650.2,2046.5,2680.3],\"lines\":[{\"bbox\":[1974.8,2650.2,2046.5,2680.3],\"text\":\"(180)\"}],\"order\":125,\"text\":\"(180)\"},{\"bbox\":[2134.6,2650.2,2153.1,2680.3],\"lines\":[{\"bbox\":[2134.6,2650.2,2153.1,2680.3],\"text\":\"$\"}],\"order\":126,\"text\":\"$\"},{\"bbox\":[2194.6,2650.2,2266.3,2680.3],\"lines\":[{\"bbox\":[2194.6,2650.2,2266.3,2680.3],\"text\":\"(170)\"}],\"order\":127,\"text\":\"(170)\"},{\"bbox\":[212.5,2733.1,966.7,2763.2],\"lines\":[{\"bbox\":[212.5,2733.1,966.7,2763.2],\"text\":\"Accumulated pre-tax losses recognized within AOCI:\"}],\"order\":128,\"text\":\"Accumulated pre-tax losses recognized within AOCI:\"},{\"bbox\":[1964.4,2787.0,2038.5,2816.9],\"lines\":[{\"bbox\":[1964.4,2787.0,2038.5,2816.9],\"text\":\"2016\"}],\"order\":129,\"text\":\"2016\"},{\"bbox\":[235.4,2849.5,479.1,2879.7],\"lines\":[{\"bbox\":[235.4,2849.5,479.1,2879.7],\"text\":\"Actuarial net loss\"}],\"order\":130,\"text\":\"Actuarial net loss\"},{\"bbox\":[1914.8,2849.5,1933.3,2879.7],\"lines\":[{\"bbox\":[1914.8,2849.5,1933.3,2879.7],\"text\":\"$\"}],\"order\":131,\"text\":\"$\"},{\"bbox\":[235.4,2907.9,482.2,2938.0],\"lines\":[{\"bbox\":[235.4,2907.9,482.2,2938.0],\"text\":\"Prior service cost\"}],\"order\":132,\"text\":\"Prior service cost\"},{\"bbox\":[1966.7,2849.5,2038.3,2879.7],\"lines\":[{\"bbox\":[1966.7,2849.5,2038.3,2879.7],\"text\":\"(150)\"}],\"order\":133,\"text\":\"(150)\"},{\"bbox\":[2184.2,2787.0,2258.3,2816.9],\"lines\":[{\"bbox\":[2184.2,2787.0,2258.3,2816.9],\"text\":\"2015\"}],\"order\":134,\"text\":\"2015\"},{\"bbox\":[2134.6,2849.5,2153.1,2879.7],\"lines\":[{\"bbox\":[2134.6,2849.5,2153.1,2879.7],\"text\":\"$\"}],\"order\":135,\"text\":\"$\"},{\"bbox\":[1993.3,2907.9,2046.5,2938.0],\"lines\":[{\"bbox\":[1993.3,2907.9,2046.5,2938.0],\"text\":\"(30)\"}],\"order\":136,\"text\":\"(30)\"},{\"bbox\":[1914.8,2970.4,1933.3,3000.5],\"lines\":[{\"bbox\":[1914.8,2970.4,1933.3,3000.5],\"text\":\"$\"}],\"order\":137,\"text\":\"$\"},{\"bbox\":[1974.8,2970.4,2046.5,3000.5],\"lines\":[{\"bbox\":[1974.8,2970.4,2046.5,3000.5],\"text\":\"(180)\"}],\"order\":138,\"text\":\"(180)\"},{\"bbox\":[2186.5,2849.5,2258.1,2879.7],\"lines\":[{\"bbox\":[2186.5,2849.5,2258.1,2879.7],\"text\":\"(138)\"}],\"order\":139,\"text\":\"(138)\"},{\"bbox\":[2213.1,2907.9,2266.3,2938.0],\"lines\":[{\"bbox\":[2213.1,2907.9,2266.3,2938.0],\"text\":\"(32)\"}],\"order\":140,\"text\":\"(32)\"},{\"bbox\":[2134.6,2970.4,2153.1,3000.5],\"lines\":[{\"bbox\":[2134.6,2970.4,2153.1,3000.5],\"text\":\"$\"}],\"order\":141,\"text\":\"$\"},{\"bbox\":[2194.6,2970.4,2266.2,3000.5],\"lines\":[{\"bbox\":[2194.6,2970.4,2266.2,3000.5],\"text\":\"(170)\"}],\"order\":142,\"text\":\"(170)\"},{\"bbox\":[1637.1,3076.8,2261.3,3108.8],\"lines\":[{\"bbox\":[1637.1,3076.8,2261.3,3108.8],\"text\":\"YUM! BRANDS, INC. - 2016 Form 10-K\"}],\"order\":143,\"text\":\"YUM! BRANDS, INC. - 2016 Form 10-K\"},{\"bbox\":[2296.9,3076.8,2336.4,3108.8],\"lines\":[{\"bbox\":[2296.9,3076.8,2336.4,3108.8],\"text\":\"63\"}],\"order\":144,\"text\":\"63\"}],\"doc\":\"fintabnet:YUM_2016\",\"dpi\":300,\"image_px\":[2475,3225],\"layout\":[],\"markdown\":\"PART II\\n\\nITEM 8 Financial Statements and Supplementary Data\\n\\nAmounts recognized in the Consolidated Balance Sheet:\\n\\n2016\\n\\nAccrued benefit liability—current\\n\\n$\\n\\n2015\\n\\n(16)\\n\\nAccrued benefit liability—non-current\\n\\n$\\n\\n(13)\\n\\n(140)\\n\\n$\\n\\n(117)\\n\\n(156)\\n\\n$\\n\\n(130)\\n\\nThe accumulated benefit obligation was $960 million and $1,088 million at December 31, 2016 and December 26, 2015, respectively.\\n\\nInformation for pension plans with an accumulated benefit obligation in excess of plan assets:\\n\\n2016\\n\\nProjected benefit obligation\\n\\n$\\n\\n2015\\n\\n993\\n\\n$\\n\\n101\\n\\nAccumulated benefit obligation\\n\\n960\\n\\n88\\n\\nFair value of plan assets\\n\\n837\\n\\n—\\n\\n2016\\n\\n2015\\n\\nInformation for pension plans with a projected benefit obligation in excess of plan assets:\\n\\nProjected benefit obligation\\n\\n$\\n\\n993\\n\\n$\\n\\n1,134\\n\\nAccumulated benefit obligation\\n\\n960\\n\\n1,088\\n\\nFair value of plan assets\\n\\n837\\n\\n1,004\\n\\nComponents of net periodic benefit cost:\\n\\nNet periodic benefit cost\\n\\n2016\\n\\n2015\\n\\n2014\\n\\nService cost\\n\\n$\\n\\n$\\n\\n$\\n\\n17\\n\\n18\\n\\n17\\n\\nInterest cost\\n\\n54\\n\\n55\\n\\n54\\n\\nAmortization of prior service cost (a)\\n\\n6\\n\\n1\\n\\n1\\n\\nExpected return on plan assets\\n\\n(65)\\n\\n(62)\\n\\n(56)\\n\\n6\\n\\n45\\n\\n17\\n\\nAmortization of net loss\\n\\nNet periodic benefit cost\\n\\n$\\n\\n18\\n\\n$\\n\\n57\\n\\n$\\n\\n33\\n\\nAdditional (gain) loss recognized due to:\\nSettlements (b)\\n\\n$\\n\\n32\\n\\n$\\n\\n5\\n\\n$\\n\\n6\\n\\n$\\n\\n3\\n\\n$\\n\\n1\\n\\n$\\n\\n3\\n\\nSpecial termination benefits\\n\\nForm 10-K\\n\\n(a) Prior service costs are amortized on a straight-line basis over the average remaining service period of employees expected to receive benefits.\\n(b) Settlement losses result when benefit payments exceed the sum of the service cost and interest cost within a plan during the year.\\n\\nPension gains (losses) in AOCI:\\n\\n2016\\n\\nBeginning of year\\n\\n$\\n\\nNet actuarial gain (loss)\\n\\n(170)\\n\\n2015\\n\\n$\\n\\n(319)\\n\\n(54)\\n\\n124\\n\\nCurtailments\\n\\n4\\n\\n2\\n\\nAmortization of net loss\\n\\n6\\n\\n45\\n\\nAmortization of prior service cost\\n\\n6\\n\\n1\\n\\nPrior service cost\\n\\n(4)\\n\\n(28)\\n\\nSettlement charges\\n\\n32\\n\\n5\\n\\nEnd of year\\n\\n$\\n\\n(180)\\n\\n$\\n\\n(170)\\n\\nAccumulated pre-tax losses recognized within AOCI:\\n\\n2016\\n\\nActuarial net loss\\n\\n$\\n\\nPrior service cost\\n\\n(150)\\n\\n2015\\n\\n$\\n\\n(30)\\n\\n$\\n\\n(180)\\n\\n(138)\\n\\n(32)\\n\\n$\\n\\n(170)\\n\\nYUM! BRANDS, INC. - 2016 Form 10-K\\n\\n63\",\"name\":\"fintabnet.YUM_2016_page_160__300dpi_none\",\"page_id\":\"fintabnet.YUM_2016_page_160\",\"reference\":\"pdf-text-layer\",\"severity\":\"none\",\"skew_deg\":0.0,\"source\":\"fintabnet\",\"source_id\":\"YUM_2016_page_160\",\"stack\":[{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[235.4,365.0,2266.4,583.8],\"block_orders\":[3,4,5,6,7,8,9,10,11,12,13,14,15,16],\"cells\":null},{\"bbox\":[235.4,761.9,2258.3,980.7],\"block_orders\":[19,20,21,22,23,24,25,26,27,28,29,30,31],\"cells\":null},{\"bbox\":[235.4,1404.2,2266.3,1960.5],\"block_orders\":[47,48,49,50,51,52,53,54,55,56,57,58,59,60,61,62,63,64,65,66,67,68,69,70,71,72,73,74,75,76,77,78,79,80,81,82,83,84,85,86,87,88,89,90,91,92,93,94],\"cells\":null},{\"bbox\":[235.4,2166.5,2266.3,2681.1],\"block_orders\":[98,99,100,101,102,103,104,105,106,107,108,109,110,111,112,113,114,115,116,117,118,119,120,121,122,123,124,125,126,127],\"cells\":null}],\"text\":\"PART II\\n\\nITEM 8 Financial Statements and Supplementary Data\\n\\nAmounts recognized in the Consolidated Balance Sheet:\\n\\n2016\\n\\nAccrued benefit liability—current\\n\\n$\\n\\n2015\\n\\n(16)\\n\\nAccrued benefit liability—non-current\\n\\n$\\n\\n(13)\\n\\n(140)\\n\\n$\\n\\n(117)\\n\\n(156)\\n\\n$\\n\\n(130)\\n\\nThe accumulated benefit obligation was $960 million and $1,088 million at December 31, 2016 and December 26, 2015, respectively.\\n\\nInformation for pension plans with an accumulated benefit obligation in excess of plan assets:\\n\\n2016\\n\\nProjected benefit obligation\\n\\n$\\n\\n2015\\n\\n993\\n\\n$\\n\\n101\\n\\nAccumulated benefit obligation\\n\\n960\\n\\n88\\n\\nFair value of plan assets\\n\\n837\\n\\n—\\n\\n2016\\n\\n2015\\n\\nInformation for pension plans with a projected benefit obligation in excess of plan assets:\\n\\nProjected benefit obligation\\n\\n$\\n\\n993\\n\\n$\\n\\n1,134\\n\\nAccumulated benefit obligation\\n\\n960\\n\\n1,088\\n\\nFair value of plan assets\\n\\n837\\n\\n1,004\\n\\nComponents of net periodic benefit cost:\\n\\nNet periodic benefit cost\\n\\n2016\\n\\n2015\\n\\n2014\\n\\nService cost\\n\\n$\\n\\n$\\n\\n$\\n\\n17\\n\\n18\\n\\n17\\n\\nInterest cost\\n\\n54\\n\\n55\\n\\n54\\n\\nAmortization of prior service cost (a)\\n\\n6\\n\\n1\\n\\n1\\n\\nExpected return on plan assets\\n\\n(65)\\n\\n(62)\\n\\n(56)\\n\\n6\\n\\n45\\n\\n17\\n\\nAmortization of net loss\\n\\nNet periodic benefit cost\\n\\n$\\n\\n18\\n\\n$\\n\\n57\\n\\n$\\n\\n33\\n\\nAdditional (gain) loss recognized due to:\\nSettlements (b)\\n\\n$\\n\\n32\\n\\n$\\n\\n5\\n\\n$\\n\\n6\\n\\n$\\n\\n3\\n\\n$\\n\\n1\\n\\n$\\n\\n3\\n\\nSpecial termination benefits\\n\\nForm 10-K\\n\\n(a) Prior service costs are amortized on a straight-line basis over the average remaining service period of employees expected to receive benefits.\\n(b) Settlement losses result when benefit payments exceed the sum of the service cost and interest cost within a plan during the year.\\n\\nPension gains (losses) in AOCI:\\n\\n2016\\n\\nBeginning of year\\n\\n$\\n\\nNet actuarial gain (loss)\\n\\n(170)\\n\\n2015\\n\\n$\\n\\n(319)\\n\\n(54)\\n\\n124\\n\\nCurtailments\\n\\n4\\n\\n2\\n\\nAmortization of net loss\\n\\n6\\n\\n45\\n\\nAmortization of prior service cost\\n\\n6\\n\\n1\\n\\nPrior service cost\\n\\n(4)\\n\\n(28)\\n\\nSettlement charges\\n\\n32\\n\\n5\\n\\nEnd of year\\n\\n$\\n\\n(180)\\n\\n$\\n\\n(170)\\n\\nAccumulated pre-tax losses recognized within AOCI:\\n\\n2016\\n\\nActuarial net loss\\n\\n$\\n\\nPrior service cost\\n\\n(150)\\n\\n2015\\n\\n$\\n\\n(30)\\n\\n$\\n\\n(180)\\n\\n(138)\\n\\n(32)\\n\\n$\\n\\n(170)\\n\\nYUM! BRANDS, INC. - 2016 Form 10-K\\n\\n63\"},\"name\":\"fintabnet.YUM_2016_page_160__300dpi_none\",\"page_no\":1,\"scan_provenance\":{\"bytes\":226613,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:YUM_2016\",\"dpi\":300,\"gt_sha256\":\"a7aab1189d210abddc2a8c02478b7fb18eaf170c200520e3782ebfc9b043affe\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.YUM_2016_page_160__300dpi_none\",\"page\":1,\"page_id\":\"fintabnet.YUM_2016_page_160\",\"pdf_sha256\":\"c4c22e24fb6d32275ebb821ab085bba26a23e55e9c45726a02ce03c04234a0eb\",\"px\":[2475,3225],\"scan\":{\"render\":\"000000007ffe00007ffe3f8e3800781e781e7ffd30097005700420007ffe0000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"none\",\"source\":\"fintabnet\",\"source_id\":\"YUM_2016_page_160\",\"src\":{\"file_sha256\":\"32c65eeb60fff6de67d1026ad0ac37e44d32d94a5ba2205cdfcb471dd4a1ef98\",\"render\":\"000000007ffe3d807ffc3f883800781e7ffe7ffd3001200130003c0e7ffe0000\",\"text\":\"9c68a84697d20d7ebdb8f3cfa284f426f3646534b87938b668407f886a5a302c\"},\"stack\":[{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"c4c22e24fb6d32275ebb821ab085bba26a23e55e9c45726a02ce03c04234a0eb\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/c4c22e24fb6d32275ebb821ab085bba26a23e55e9c45726a02ce03c04234a0eb.pdf","asset_sha256":"c4c22e24fb6d32275ebb821ab085bba26a23e55e9c45726a02ce03c04234a0eb","document_id":"fintabnet:YUM_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"YUM_2016_page_160\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}
{"annotation_attribution":"IBM Research, FinTabNet contributors (CDLA-Permissive-1.0); degraded scan renderings by Innovation Trigger B.V. (2026)","annotation_json":"{\"attribution\":{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"YUM_2016_page_161\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"},\"document\":\"fintabnet:YUM_2016\",\"ground_truth\":{\"blocks\":[{\"bbox\":[91.5,49.3,162.0,67.9],\"lines\":[{\"bbox\":[91.5,49.3,162.0,67.9],\"text\":\"PART II\"}],\"order\":0,\"text\":\"PART II\"},{\"bbox\":[91.7,67.8,502.4,88.5],\"lines\":[{\"bbox\":[91.7,67.8,502.4,88.5],\"text\":\"ITEM 8 Financial Statements and Supplementary Data\"}],\"order\":1,\"text\":\"ITEM 8 Financial Statements and Supplementary Data\"},{\"bbox\":[92.7,143.8,1126.8,190.4],\"lines\":[{\"bbox\":[92.7,143.8,1126.6,170.6],\"text\":\"The estimated net loss that will be amortized from AOCI into net periodic pension cost in 2017 is $7 million. The estimated prior service cost that\"},{\"bbox\":[92.9,168.9,660.7,190.4],\"text\":\"will be amortized from AOCI into net periodic pension cost in 2017 is $5 million.\"}],\"order\":2,\"text\":\"The estimated net loss that will be amortized from AOCI into net periodic pension cost in 2017 is $7 million. The estimated prior service cost that\\nwill be amortized from AOCI into net periodic pension cost in 2017 is $5 million.\"},{\"bbox\":[93.3,199.8,787.2,222.7],\"lines\":[{\"bbox\":[93.3,199.8,787.2,222.7],\"text\":\"Weighted-average assumptions used to determine benefit obligations at the measurement dates:\"}],\"order\":3,\"text\":\"Weighted-average assumptions used to determine benefit obligations at the measurement dates:\"},{\"bbox\":[984.3,226.3,1021.6,241.7],\"lines\":[{\"bbox\":[984.3,226.3,1021.6,241.7],\"text\":\"2016\"}],\"order\":4,\"text\":\"2016\"},{\"bbox\":[1073.5,225.3,1110.7,240.7],\"lines\":[{\"bbox\":[1073.5,225.3,1110.7,240.7],\"text\":\"2015\"}],\"order\":5,\"text\":\"2015\"},{\"bbox\":[99.1,266.9,194.8,283.1],\"lines\":[{\"bbox\":[99.1,266.9,194.8,283.1],\"text\":\"Discount rate\"}],\"order\":6,\"text\":\"Discount rate\"},{\"bbox\":[989.3,257.4,1036.8,273.0],\"lines\":[{\"bbox\":[989.3,257.4,1036.8,273.0],\"text\":\"4.60%\"}],\"order\":7,\"text\":\"4.60%\"},{\"bbox\":[1078.5,256.4,1126.0,272.0],\"lines\":[{\"bbox\":[1078.5,256.4,1126.0,272.0],\"text\":\"4.90%\"}],\"order\":8,\"text\":\"4.90%\"},{\"bbox\":[99.5,294.6,322.1,312.2],\"lines\":[{\"bbox\":[99.5,294.6,322.1,312.2],\"text\":\"Rate of compensation increase\"}],\"order\":9,\"text\":\"Rate of compensation increase\"},{\"bbox\":[989.7,286.6,1037.1,302.2],\"lines\":[{\"bbox\":[989.7,286.6,1037.1,302.2],\"text\":\"3.75%\"}],\"order\":10,\"text\":\"3.75%\"},{\"bbox\":[1078.9,285.6,1126.3,301.2],\"lines\":[{\"bbox\":[1078.9,285.6,1126.3,301.2],\"text\":\"3.75%\"}],\"order\":11,\"text\":\"3.75%\"},{\"bbox\":[896.6,355.5,933.8,370.8],\"lines\":[{\"bbox\":[896.6,355.5,933.8,370.8],\"text\":\"2016\"}],\"order\":12,\"text\":\"2016\"},{\"bbox\":[985.7,354.5,1023.0,369.8],\"lines\":[{\"bbox\":[985.7,354.5,1023.0,369.8],\"text\":\"2015\"}],\"order\":13,\"text\":\"2015\"},{\"bbox\":[1074.9,353.5,1112.2,368.8],\"lines\":[{\"bbox\":[1074.9,353.5,1112.2,368.8],\"text\":\"2014\"}],\"order\":14,\"text\":\"2014\"},{\"bbox\":[100.6,395.0,196.2,411.2],\"lines\":[{\"bbox\":[100.6,395.0,196.2,411.2],\"text\":\"Discount rate\"}],\"order\":15,\"text\":\"Discount rate\"},{\"bbox\":[901.6,386.6,949.0,402.2],\"lines\":[{\"bbox\":[901.6,386.6,949.0,402.2],\"text\":\"4.90%\"}],\"order\":16,\"text\":\"4.90%\"},{\"bbox\":[990.8,385.6,1038.2,401.2],\"lines\":[{\"bbox\":[990.8,385.6,1038.2,401.2],\"text\":\"4.30%\"}],\"order\":17,\"text\":\"4.30%\"},{\"bbox\":[1080.0,384.5,1127.4,400.2],\"lines\":[{\"bbox\":[1080.0,384.5,1127.4,400.2],\"text\":\"5.40%\"}],\"order\":18,\"text\":\"5.40%\"},{\"bbox\":[100.9,422.1,381.5,440.4],\"lines\":[{\"bbox\":[100.9,422.1,381.5,440.4],\"text\":\"Long-term rate of return on plan assets\"}],\"order\":19,\"text\":\"Long-term rate of return on plan assets\"},{\"bbox\":[901.9,415.7,949.4,431.4],\"lines\":[{\"bbox\":[901.9,415.7,949.4,431.4],\"text\":\"6.75%\"}],\"order\":20,\"text\":\"6.75%\"},{\"bbox\":[991.1,414.7,1038.6,430.3],\"lines\":[{\"bbox\":[991.1,414.7,1038.6,430.3],\"text\":\"6.75%\"}],\"order\":21,\"text\":\"6.75%\"},{\"bbox\":[1080.3,413.7,1127.8,429.3],\"lines\":[{\"bbox\":[1080.3,413.7,1127.8,429.3],\"text\":\"6.90%\"}],\"order\":22,\"text\":\"6.90%\"},{\"bbox\":[101.2,452.0,323.9,469.6],\"lines\":[{\"bbox\":[101.2,452.0,323.9,469.6],\"text\":\"Rate of compensation increase\"}],\"order\":23,\"text\":\"Rate of compensation increase\"},{\"bbox\":[902.3,444.9,949.7,460.5],\"lines\":[{\"bbox\":[902.3,444.9,949.7,460.5],\"text\":\"3.75%\"}],\"order\":24,\"text\":\"3.75%\"},{\"bbox\":[991.4,443.9,1038.9,459.5],\"lines\":[{\"bbox\":[991.4,443.9,1038.9,459.5],\"text\":\"3.75%\"}],\"order\":25,\"text\":\"3.75%\"},{\"bbox\":[1080.6,442.9,1128.1,458.5],\"lines\":[{\"bbox\":[1080.6,442.9,1128.1,458.5],\"text\":\"3.75%\"}],\"order\":26,\"text\":\"3.75%\"},{\"bbox\":[94.7,328.1,772.2,350.8],\"lines\":[{\"bbox\":[94.7,328.1,772.2,350.8],\"text\":\"Weighted-average assumptions used to determine the net periodic benefit cost for fiscal years:\"}],\"order\":27,\"text\":\"Weighted-average assumptions used to determine the net periodic benefit cost for fiscal years:\"},{\"bbox\":[96.5,485.6,1130.7,532.1],\"lines\":[{\"bbox\":[96.5,485.6,1130.4,512.3],\"text\":\"Our estimated long-term rate of return on plan assets represents the weighted-average of expected future returns on the asset categories\"},{\"bbox\":[96.7,508.4,865.7,532.1],\"text\":\"included in our target investment allocation based primarily on the historical returns for each asset category.\"}],\"order\":28,\"text\":\"Our estimated long-term rate of return on plan assets represents the weighted-average of expected future returns on the asset categories\\nincluded in our target investment allocation based primarily on the historical returns for each asset category.\"},{\"bbox\":[97.4,571.1,210.7,591.3],\"lines\":[{\"bbox\":[97.4,571.1,210.7,591.3],\"text\":\"Plan Assets\"}],\"order\":29,\"text\":\"Plan Assets\"},{\"bbox\":[97.8,596.0,1131.8,642.6],\"lines\":[{\"bbox\":[97.8,596.0,1131.6,622.8],\"text\":\"The fair values of our pension plan assets at December 31, 2016 and December 26, 2015 by asset category and level within the fair value\"},{\"bbox\":[98.0,625.5,270.3,642.6],\"text\":\"hierarchy are as follows:\"}],\"order\":30,\"text\":\"The fair values of our pension plan assets at December 31, 2016 and December 26, 2015 by asset category and level within the fair value\\nhierarchy are as follows:\"},{\"bbox\":[1006.4,646.0,1043.7,661.4],\"lines\":[{\"bbox\":[1006.4,646.0,1043.7,661.4],\"text\":\"2016\"}],\"order\":31,\"text\":\"2016\"},{\"bbox\":[1088.7,645.1,1125.9,660.4],\"lines\":[{\"bbox\":[1088.7,645.1,1125.9,660.4],\"text\":\"2015\"}],\"order\":32,\"text\":\"2015\"},{\"bbox\":[103.9,687.2,159.6,702.9],\"lines\":[{\"bbox\":[103.9,687.2,159.6,702.9],\"text\":\"Level 1:\"}],\"order\":33,\"text\":\"Level 1:\"},{\"bbox\":[120.9,716.4,158.4,731.9],\"lines\":[{\"bbox\":[120.9,716.4,158.4,731.9],\"text\":\"Cash\"}],\"order\":34,\"text\":\"Cash\"},{\"bbox\":[990.4,706.9,999.9,722.1],\"lines\":[{\"bbox\":[990.4,706.9,999.9,722.1],\"text\":\"$\"}],\"order\":35,\"text\":\"$\"},{\"bbox\":[1034.9,706.2,1068.2,721.6],\"lines\":[{\"bbox\":[1034.9,706.2,1068.2,721.6],\"text\":\"2 $\"}],\"order\":36,\"text\":\"2 $\"},{\"bbox\":[1117.2,705.5,1126.6,720.7],\"lines\":[{\"bbox\":[1117.2,705.5,1126.6,720.7],\"text\":\"3\"}],\"order\":37,\"text\":\"3\"},{\"bbox\":[121.2,744.5,255.8,761.1],\"lines\":[{\"bbox\":[121.2,744.5,255.8,761.1],\"text\":\"Cash Equivalents (a)\"}],\"order\":38,\"text\":\"Cash Equivalents (a)\"},{\"bbox\":[1026.0,735.6,1044.7,750.9],\"lines\":[{\"bbox\":[1026.0,735.6,1044.7,750.9],\"text\":\"12\"}],\"order\":39,\"text\":\"12\"},{\"bbox\":[1117.5,734.7,1126.9,749.9],\"lines\":[{\"bbox\":[1117.5,734.7,1126.9,749.9],\"text\":\"9\"}],\"order\":40,\"text\":\"9\"},{\"bbox\":[121.5,771.7,428.6,790.3],\"lines\":[{\"bbox\":[121.5,771.7,428.6,790.3],\"text\":\"Fixed Income Securities—U.S. Corporate (b)\"}],\"order\":41,\"text\":\"Fixed Income Securities—U.S. Corporate (b)\"},{\"bbox\":[1017.1,764.8,1045.0,780.2],\"lines\":[{\"bbox\":[1017.1,764.8,1045.0,780.2],\"text\":\"172\"}],\"order\":42,\"text\":\"172\"},{\"bbox\":[1099.3,763.9,1127.2,779.3],\"lines\":[{\"bbox\":[1099.3,763.9,1127.2,779.3],\"text\":\"221\"}],\"order\":43,\"text\":\"221\"},{\"bbox\":[121.9,801.5,376.7,819.5],\"lines\":[{\"bbox\":[121.9,801.5,376.7,819.5],\"text\":\"Equity Securities—U.S. Large cap (b)\"}],\"order\":44,\"text\":\"Equity Securities—U.S. Large cap (b)\"},{\"bbox\":[1017.4,794.0,1045.4,809.4],\"lines\":[{\"bbox\":[1017.4,794.0,1045.4,809.4],\"text\":\"244\"}],\"order\":45,\"text\":\"244\"},{\"bbox\":[1099.6,793.0,1127.6,808.4],\"lines\":[{\"bbox\":[1099.6,793.0,1127.6,808.4],\"text\":\"310\"}],\"order\":46,\"text\":\"310\"},{\"bbox\":[122.2,830.8,362.8,848.6],\"lines\":[{\"bbox\":[122.2,830.8,362.8,848.6],\"text\":\"Equity Securities—U.S. Mid cap (b)\"}],\"order\":47,\"text\":\"Equity Securities—U.S. Mid cap (b)\"},{\"bbox\":[1027.0,823.1,1045.7,838.4],\"lines\":[{\"bbox\":[1027.0,823.1,1045.7,838.4],\"text\":\"41\"}],\"order\":48,\"text\":\"41\"},{\"bbox\":[1109.2,822.2,1127.9,837.5],\"lines\":[{\"bbox\":[1109.2,822.2,1127.9,837.5],\"text\":\"50\"}],\"order\":49,\"text\":\"50\"},{\"bbox\":[122.5,859.9,375.9,877.8],\"lines\":[{\"bbox\":[122.5,859.9,375.9,877.8],\"text\":\"Equity Securities—U.S. Small cap (b)\"}],\"order\":50,\"text\":\"Equity Securities—U.S. Small cap (b)\"},{\"bbox\":[1027.3,852.3,1046.0,867.6],\"lines\":[{\"bbox\":[1027.3,852.3,1046.0,867.6],\"text\":\"43\"}],\"order\":51,\"text\":\"43\"},{\"bbox\":[1109.5,851.4,1128.2,866.7],\"lines\":[{\"bbox\":[1109.5,851.4,1128.2,866.7],\"text\":\"51\"}],\"order\":52,\"text\":\"51\"},{\"bbox\":[122.9,889.5,337.0,907.0],\"lines\":[{\"bbox\":[122.9,889.5,337.0,907.0],\"text\":\"Equity Securities—Non-U.S. (b)\"}],\"order\":53,\"text\":\"Equity Securities—Non-U.S. (b)\"},{\"bbox\":[1027.6,881.5,1046.4,896.8],\"lines\":[{\"bbox\":[1027.6,881.5,1046.4,896.8],\"text\":\"83\"}],\"order\":54,\"text\":\"83\"},{\"bbox\":[1100.6,880.6,1128.6,896.0],\"lines\":[{\"bbox\":[1100.6,880.6,1128.6,896.0],\"text\":\"100\"}],\"order\":55,\"text\":\"100\"},{\"bbox\":[123.5,946.8,429.9,965.3],\"lines\":[{\"bbox\":[123.5,946.8,429.9,965.3],\"text\":\"Fixed Income Securities—U.S. Corporate (c)\"}],\"order\":56,\"text\":\"Fixed Income Securities—U.S. Corporate (c)\"},{\"bbox\":[1028.3,939.8,1047.0,955.1],\"lines\":[{\"bbox\":[1028.3,939.8,1047.0,955.1],\"text\":\"76\"}],\"order\":57,\"text\":\"76\"},{\"bbox\":[1110.5,938.9,1129.2,954.2],\"lines\":[{\"bbox\":[1110.5,938.9,1129.2,954.2],\"text\":\"68\"}],\"order\":58,\"text\":\"68\"},{\"bbox\":[123.8,973.6,642.3,994.5],\"lines\":[{\"bbox\":[123.8,973.6,642.3,994.5],\"text\":\"Fixed Income Securities—U.S. Government and Government Agencies (d)\"}],\"order\":59,\"text\":\"Fixed Income Securities—U.S. Government and Government Agencies (d)\"},{\"bbox\":[1019.4,969.0,1047.3,984.4],\"lines\":[{\"bbox\":[1019.4,969.0,1047.3,984.4],\"text\":\"152\"}],\"order\":60,\"text\":\"152\"},{\"bbox\":[1101.6,968.1,1129.6,983.5],\"lines\":[{\"bbox\":[1101.6,968.1,1129.6,983.5],\"text\":\"195\"}],\"order\":61,\"text\":\"195\"},{\"bbox\":[124.2,1005.9,363.1,1023.7],\"lines\":[{\"bbox\":[124.2,1005.9,363.1,1023.7],\"text\":\"Fixed Income Securities—Other (d)\"}],\"order\":62,\"text\":\"Fixed Income Securities—Other (d)\"},{\"bbox\":[1029.0,998.2,1047.7,1013.5],\"lines\":[{\"bbox\":[1029.0,998.2,1047.7,1013.5],\"text\":\"31\"}],\"order\":63,\"text\":\"31\"},{\"bbox\":[1111.2,997.2,1129.9,1012.5],\"lines\":[{\"bbox\":[1111.2,997.2,1129.9,1012.5],\"text\":\"17\"}],\"order\":64,\"text\":\"17\"},{\"bbox\":[1020.0,1027.1,1071.9,1042.8],\"lines\":[{\"bbox\":[1020.0,1027.1,1071.9,1042.8],\"text\":\"856 $\"}],\"order\":65,\"text\":\"856 $\"},{\"bbox\":[1088.4,1026.4,1130.3,1042.0],\"lines\":[{\"bbox\":[1088.4,1026.4,1130.3,1042.0],\"text\":\"1,024\"}],\"order\":66,\"text\":\"1,024\"},{\"bbox\":[38.3,1000.3,54.3,1081.6],\"lines\":[{\"bbox\":[38.3,1000.3,54.3,1081.6],\"text\":\"Form 10-K\"}],\"order\":67,\"text\":\"Form 10-K\"},{\"bbox\":[106.5,920.6,162.3,936.3],\"lines\":[{\"bbox\":[106.5,920.6,162.3,936.3],\"text\":\"Level 2:\"}],\"order\":68,\"text\":\"Level 2:\"},{\"bbox\":[124.5,1035.3,342.2,1052.8],\"lines\":[{\"bbox\":[124.5,1035.3,342.2,1052.8],\"text\":\"Total fair value of plan assets (e)\"}],\"order\":69,\"text\":\"Total fair value of plan assets (e)\"},{\"bbox\":[994.1,1027.9,1003.5,1043.0],\"lines\":[{\"bbox\":[994.1,1027.9,1003.5,1043.0],\"text\":\"$\"}],\"order\":70,\"text\":\"$\"},{\"bbox\":[109.3,1067.6,784.0,1176.8],\"lines\":[{\"bbox\":[109.3,1071.2,456.2,1089.3],\"text\":\"(a) Short-term investments in money market funds.\"},{\"bbox\":[109.5,1094.2,361.5,1111.2],\"text\":\"(b) Securities held in common trusts.\"},{\"bbox\":[109.8,1115.8,386.9,1133.1],\"text\":\"(c) Investments held directly by the Plan.\"},{\"bbox\":[110.0,1134.1,699.2,1154.9],\"text\":\"(d) Includes securities held in common trusts and investments held directly by the Plan.\"},{\"bbox\":[110.3,1155.1,784.0,1176.8],\"text\":\"(e) 2016 and 2015 exclude net unsettled trade payables of $19 million and $20 million, respectively.\"}],\"order\":71,\"text\":\"(a) Short-term investments in money market funds.\\n(b) Securities held in common trusts.\\n(c) Investments held directly by the Plan.\\n(d) Includes securities held in common trusts and investments held directly by the Plan.\\n(e) 2016 and 2015 exclude net unsettled trade payables of $19 million and $20 million, respectively.\"},{\"bbox\":[104.4,1188.7,602.9,1407.3],\"lines\":[{\"bbox\":[104.4,1188.7,600.6,1209.4],\"text\":\"Our primary objectives regarding the investment strategy for the\"},{\"bbox\":[104.6,1208.5,600.8,1229.2],\"text\":\"Plan’s assets are to reduce interest rate and market risk and to\"},{\"bbox\":[104.8,1228.3,601.1,1249.0],\"text\":\"provide adequate liquidity to meet immediate and future payment\"},{\"bbox\":[105.0,1248.1,601.2,1268.8],\"text\":\"requirements. To achieve these objectives, we are using a\"},{\"bbox\":[105.3,1267.9,601.4,1288.6],\"text\":\"combination of active and passive investment strategies. The Plan’s\"},{\"bbox\":[105.5,1287.7,601.7,1308.4],\"text\":\"equity securities, currently targeted to be 50% of our investment mix,\"},{\"bbox\":[105.7,1307.5,601.9,1328.2],\"text\":\"consist primarily of low-cost index funds focused on achieving long-\"},{\"bbox\":[105.9,1327.3,602.1,1348.0],\"text\":\"term capital appreciation. The Plan diversifies its equity risk by\"},{\"bbox\":[106.2,1347.1,602.4,1367.8],\"text\":\"investing in several different U.S. and foreign market index funds.\"},{\"bbox\":[106.4,1366.9,602.6,1387.6],\"text\":\"Investing in these index funds provides the Plan with the adequate\"},{\"bbox\":[106.6,1386.7,602.8,1407.3],\"text\":\"liquidity required to fund benefit payments and plan expenses. The\"}],\"order\":72,\"text\":\"Our primary objectives regarding the investment strategy for the\\nPlan’s assets are to reduce interest rate and market risk and to\\nprovide adequate liquidity to meet immediate and future payment\\nrequirements. To achieve these objectives, we are using a\\ncombination of active and passive investment strategies. The Plan’s\\nequity securities, currently targeted to be 50% of our investment mix,\\nconsist primarily of low-cost index funds focused on achieving long-\\nterm capital appreciation. The Plan diversifies its equity risk by\\ninvesting in several different U.S. and foreign market index funds.\\nInvesting in these index funds provides the Plan with the adequate\\nliquidity required to fund benefit payments and plan expenses. The\"},{\"bbox\":[75.5,1544.8,95.4,1561.1],\"lines\":[{\"bbox\":[75.5,1544.8,95.4,1561.1],\"text\":\"64\"}],\"order\":73,\"text\":\"64\"},{\"bbox\":[113.0,1541.1,425.4,1560.7],\"lines\":[{\"bbox\":[113.0,1541.1,425.4,1560.7],\"text\":\"YUM! BRANDS, INC. - 2016 Form 10-K\"}],\"order\":74,\"text\":\"YUM! BRANDS, INC. - 2016 Form 10-K\"},{\"bbox\":[642.1,1182.6,1139.5,1302.3],\"lines\":[{\"bbox\":[642.1,1182.6,1138.3,1203.3],\"text\":\"fixed income asset allocation, currently targeted to be 50% of our\"},{\"bbox\":[642.3,1202.4,1138.4,1223.1],\"text\":\"mix, is actively managed and consists of long-duration fixed income\"},{\"bbox\":[642.5,1222.2,1138.7,1242.9],\"text\":\"securities that help to reduce exposure to interest rate variation and\"},{\"bbox\":[642.7,1242.0,1139.0,1262.7],\"text\":\"to better correlate asset maturities with obligations. The fair values of\"},{\"bbox\":[643.0,1261.8,1139.3,1282.5],\"text\":\"all pension plan assets are determined based on closing market\"},{\"bbox\":[643.2,1285.1,829.9,1302.3],\"text\":\"prices or net asset values.\"}],\"order\":75,\"text\":\"fixed income asset allocation, currently targeted to be 50% of our\\nmix, is actively managed and consists of long-duration fixed income\\nsecurities that help to reduce exposure to interest rate variation and\\nto better correlate asset maturities with obligations. The fair values of\\nall pension plan assets are determined based on closing market\\nprices or net asset values.\"},{\"bbox\":[643.5,1313.9,1140.4,1394.0],\"lines\":[{\"bbox\":[643.5,1313.9,1139.8,1334.6],\"text\":\"A mutual fund held as an investment by the Plan includes shares of\"},{\"bbox\":[643.8,1333.7,1140.0,1354.4],\"text\":\"YUM Common Stock valued at $0.3 million and $0.5 million at\"},{\"bbox\":[644.0,1353.5,1140.2,1374.2],\"text\":\"December 31, 2016 and December 26, 2015, respectively, (less than\"},{\"bbox\":[644.2,1375.6,937.1,1394.0],\"text\":\"1% of total plan assets in each instance).\"}],\"order\":76,\"text\":\"A mutual fund held as an investment by the Plan includes shares of\\nYUM Common Stock valued at $0.3 million and $0.5 million at\\nDecember 31, 2016 and December 26, 2015, respectively, (less than\\n1% of total plan assets in each instance).\"}],\"doc\":\"fintabnet:YUM_2016\",\"dpi\":150,\"image_px\":[1238,1613],\"layout\":[],\"markdown\":\"PART II\\n\\nITEM 8 Financial Statements and Supplementary Data\\n\\nThe estimated net loss that will be amortized from AOCI into net periodic pension cost in 2017 is $7 million. The estimated prior service cost that\\nwill be amortized from AOCI into net periodic pension cost in 2017 is $5 million.\\n\\nWeighted-average assumptions used to determine benefit obligations at the measurement dates:\\n\\n2016\\n\\n2015\\n\\nDiscount rate\\n\\n4.60%\\n\\n4.90%\\n\\nRate of compensation increase\\n\\n3.75%\\n\\n3.75%\\n\\n2016\\n\\n2015\\n\\n2014\\n\\nDiscount rate\\n\\n4.90%\\n\\n4.30%\\n\\n5.40%\\n\\nLong-term rate of return on plan assets\\n\\n6.75%\\n\\n6.75%\\n\\n6.90%\\n\\nRate of compensation increase\\n\\n3.75%\\n\\n3.75%\\n\\n3.75%\\n\\nWeighted-average assumptions used to determine the net periodic benefit cost for fiscal years:\\n\\nOur estimated long-term rate of return on plan assets represents the weighted-average of expected future returns on the asset categories\\nincluded in our target investment allocation based primarily on the historical returns for each asset category.\\n\\nPlan Assets\\n\\nThe fair values of our pension plan assets at December 31, 2016 and December 26, 2015 by asset category and level within the fair value\\nhierarchy are as follows:\\n\\n2016\\n\\n2015\\n\\nLevel 1:\\n\\nCash\\n\\n$\\n\\n2 $\\n\\n3\\n\\nCash Equivalents (a)\\n\\n12\\n\\n9\\n\\nFixed Income Securities—U.S. Corporate (b)\\n\\n172\\n\\n221\\n\\nEquity Securities—U.S. Large cap (b)\\n\\n244\\n\\n310\\n\\nEquity Securities—U.S. Mid cap (b)\\n\\n41\\n\\n50\\n\\nEquity Securities—U.S. Small cap (b)\\n\\n43\\n\\n51\\n\\nEquity Securities—Non-U.S. (b)\\n\\n83\\n\\n100\\n\\nFixed Income Securities—U.S. Corporate (c)\\n\\n76\\n\\n68\\n\\nFixed Income Securities—U.S. Government and Government Agencies (d)\\n\\n152\\n\\n195\\n\\nFixed Income Securities—Other (d)\\n\\n31\\n\\n17\\n\\n856 $\\n\\n1,024\\n\\nForm 10-K\\n\\nLevel 2:\\n\\nTotal fair value of plan assets (e)\\n\\n$\\n\\n(a) Short-term investments in money market funds.\\n(b) Securities held in common trusts.\\n(c) Investments held directly by the Plan.\\n(d) Includes securities held in common trusts and investments held directly by the Plan.\\n(e) 2016 and 2015 exclude net unsettled trade payables of $19 million and $20 million, respectively.\\n\\nOur primary objectives regarding the investment strategy for the\\nPlan’s assets are to reduce interest rate and market risk and to\\nprovide adequate liquidity to meet immediate and future payment\\nrequirements. To achieve these objectives, we are using a\\ncombination of active and passive investment strategies. The Plan’s\\nequity securities, currently targeted to be 50% of our investment mix,\\nconsist primarily of low-cost index funds focused on achieving long-\\nterm capital appreciation. The Plan diversifies its equity risk by\\ninvesting in several different U.S. and foreign market index funds.\\nInvesting in these index funds provides the Plan with the adequate\\nliquidity required to fund benefit payments and plan expenses. The\\n\\n64\\n\\nYUM! BRANDS, INC. - 2016 Form 10-K\\n\\nfixed income asset allocation, currently targeted to be 50% of our\\nmix, is actively managed and consists of long-duration fixed income\\nsecurities that help to reduce exposure to interest rate variation and\\nto better correlate asset maturities with obligations. The fair values of\\nall pension plan assets are determined based on closing market\\nprices or net asset values.\\n\\nA mutual fund held as an investment by the Plan includes shares of\\nYUM Common Stock valued at $0.3 million and $0.5 million at\\nDecember 31, 2016 and December 26, 2015, respectively, (less than\\n1% of total plan assets in each instance).\",\"name\":\"fintabnet.YUM_2016_page_161__150dpi_mild\",\"page_id\":\"fintabnet.YUM_2016_page_161\",\"reference\":\"pdf-text-layer\",\"severity\":\"mild\",\"skew_deg\":0.646,\"source\":\"fintabnet\",\"source_id\":\"YUM_2016_page_161\",\"stack\":[{\"deg\":0.646,\"op\":\"skew\"},{\"amp\":0.041,\"angle\":85.1,\"blob\":0.23,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":2.735},{\"op\":\"flate\"}],\"synthetic\":\"rendered and degraded from a licence-safe vector page; not a real scan\",\"tables\":[{\"bbox\":[98.7,220.8,1126.3,312.6],\"block_orders\":[4,5,6,7,8,9,10,11],\"cells\":null}],\"text\":\"PART II\\n\\nITEM 8 Financial Statements and Supplementary Data\\n\\nThe estimated net loss that will be amortized from AOCI into net periodic pension cost in 2017 is $7 million. The estimated prior service cost that\\nwill be amortized from AOCI into net periodic pension cost in 2017 is $5 million.\\n\\nWeighted-average assumptions used to determine benefit obligations at the measurement dates:\\n\\n2016\\n\\n2015\\n\\nDiscount rate\\n\\n4.60%\\n\\n4.90%\\n\\nRate of compensation increase\\n\\n3.75%\\n\\n3.75%\\n\\n2016\\n\\n2015\\n\\n2014\\n\\nDiscount rate\\n\\n4.90%\\n\\n4.30%\\n\\n5.40%\\n\\nLong-term rate of return on plan assets\\n\\n6.75%\\n\\n6.75%\\n\\n6.90%\\n\\nRate of compensation increase\\n\\n3.75%\\n\\n3.75%\\n\\n3.75%\\n\\nWeighted-average assumptions used to determine the net periodic benefit cost for fiscal years:\\n\\nOur estimated long-term rate of return on plan assets represents the weighted-average of expected future returns on the asset categories\\nincluded in our target investment allocation based primarily on the historical returns for each asset category.\\n\\nPlan Assets\\n\\nThe fair values of our pension plan assets at December 31, 2016 and December 26, 2015 by asset category and level within the fair value\\nhierarchy are as follows:\\n\\n2016\\n\\n2015\\n\\nLevel 1:\\n\\nCash\\n\\n$\\n\\n2 $\\n\\n3\\n\\nCash Equivalents (a)\\n\\n12\\n\\n9\\n\\nFixed Income Securities—U.S. Corporate (b)\\n\\n172\\n\\n221\\n\\nEquity Securities—U.S. Large cap (b)\\n\\n244\\n\\n310\\n\\nEquity Securities—U.S. Mid cap (b)\\n\\n41\\n\\n50\\n\\nEquity Securities—U.S. Small cap (b)\\n\\n43\\n\\n51\\n\\nEquity Securities—Non-U.S. (b)\\n\\n83\\n\\n100\\n\\nFixed Income Securities—U.S. Corporate (c)\\n\\n76\\n\\n68\\n\\nFixed Income Securities—U.S. Government and Government Agencies (d)\\n\\n152\\n\\n195\\n\\nFixed Income Securities—Other (d)\\n\\n31\\n\\n17\\n\\n856 $\\n\\n1,024\\n\\nForm 10-K\\n\\nLevel 2:\\n\\nTotal fair value of plan assets (e)\\n\\n$\\n\\n(a) Short-term investments in money market funds.\\n(b) Securities held in common trusts.\\n(c) Investments held directly by the Plan.\\n(d) Includes securities held in common trusts and investments held directly by the Plan.\\n(e) 2016 and 2015 exclude net unsettled trade payables of $19 million and $20 million, respectively.\\n\\nOur primary objectives regarding the investment strategy for the\\nPlan’s assets are to reduce interest rate and market risk and to\\nprovide adequate liquidity to meet immediate and future payment\\nrequirements. To achieve these objectives, we are using a\\ncombination of active and passive investment strategies. The Plan’s\\nequity securities, currently targeted to be 50% of our investment mix,\\nconsist primarily of low-cost index funds focused on achieving long-\\nterm capital appreciation. The Plan diversifies its equity risk by\\ninvesting in several different U.S. and foreign market index funds.\\nInvesting in these index funds provides the Plan with the adequate\\nliquidity required to fund benefit payments and plan expenses. The\\n\\n64\\n\\nYUM! BRANDS, INC. - 2016 Form 10-K\\n\\nfixed income asset allocation, currently targeted to be 50% of our\\nmix, is actively managed and consists of long-duration fixed income\\nsecurities that help to reduce exposure to interest rate variation and\\nto better correlate asset maturities with obligations. The fair values of\\nall pension plan assets are determined based on closing market\\nprices or net asset values.\\n\\nA mutual fund held as an investment by the Plan includes shares of\\nYUM Common Stock valued at $0.3 million and $0.5 million at\\nDecember 31, 2016 and December 26, 2015, respectively, (less than\\n1% of total plan assets in each instance).\"},\"name\":\"fintabnet.YUM_2016_page_161__150dpi_mild\",\"page_no\":1,\"scan_provenance\":{\"bytes\":1208412,\"codec\":\"flate8\",\"copy\":0,\"doc\":\"fintabnet:YUM_2016\",\"dpi\":150,\"gt_sha256\":\"a6d9118f7b33634616c96d662a511d1443086922eae742acd1b0c705bd81a118\",\"has_cells\":false,\"layer\":\"dev\",\"licence\":\"CDLA-Permissive-1.0\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"name\":\"fintabnet.YUM_2016_page_161__150dpi_mild\",\"page\":1,\"page_id\":\"fintabnet.YUM_2016_page_161\",\"pdf_sha256\":\"08b4de97db41385df867e05c7bd548b296e4f9a0def881571fa3bcba1277d998\",\"px\":[1238,1613],\"scan\":{\"render\":\"400000007fce7fde7bfe60007fb678067804ff04fc04bf807ffe7ffe00000000\",\"text\":null},\"seed\":\"scans-v1-2026-10-25\",\"severity\":\"mild\",\"source\":\"fintabnet\",\"source_id\":\"YUM_2016_page_161\",\"src\":{\"file_sha256\":\"a6ab11a6200813a24b07e69e9cfd2af9f7adb669b5361b2225eb63ab0b90f146\",\"render\":\"000000007fce7ffe7ffe20007ffe78047800ff04fffebe007ffc7ffc00000000\",\"text\":\"c2b20f7d86037e03f7ba94e495e5a06f5945c1c1d39d27dc9e88e14f9f6b6bc8\"},\"stack\":[{\"deg\":0.646,\"op\":\"skew\"},{\"amp\":0.041,\"angle\":85.1,\"blob\":0.23,\"op\":\"illumination\"},{\"op\":\"noise\",\"sigma\":2.735},{\"op\":\"flate\"}],\"tools\":\"21647cade0ee\"},\"sha256\":\"08b4de97db41385df867e05c7bd548b296e4f9a0def881571fa3bcba1277d998\",\"source\":\"scans/fintabnet\"}","annotation_licence":"CDLA-Permissive-1.0","asset":"assets/08b4de97db41385df867e05c7bd548b296e4f9a0def881571fa3bcba1277d998.pdf","asset_sha256":"08b4de97db41385df867e05c7bd548b296e4f9a0def881571fa3bcba1277d998","document_id":"fintabnet:YUM_2016","kind":"scan","page_number":1,"paper_attribution_json":"{\"authors\":\"IBM Research, FinTabNet contributors\",\"licence_ref\":\"IBM FinTabNet 1.0.0 LICENSE.txt, CDLA-Permissive-1.0; train side of the company-disjoint split (sha256(company) % 10 != 0)\",\"title\":\"YUM_2016_page_161\",\"url\":\"https://developer.ibm.com/exchanges/data/all/fintabnet/\"}","paper_licence":"CDLA-Permissive-1.0","source":"scans/fintabnet"}